diff --git "a/reddit_finance_43_250k_133.txt" "b/reddit_finance_43_250k_133.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_133.txt" @@ -0,0 +1,10000 @@ +*** + +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! + +Y2011, a buddy of mine with a serious gambling addition to Poker was trying to sell me 100BTC for some petty money. +Those days worth around 100$ overall. +I refused to buy it since hey I care of you mate! Quit that gambling s**t! + +Y2021, my fiancé still complains to hearing me crying some nights. +EDIT 1: THE MODS DID NOT TAKE DOWN THE POST. THIS WAS A RESULT OF ME ATTEMPTING TO INCLUDE THE STORY BELOW IN EDIT 4 FROM A BLACKLISTED SITE ARTICLE WHICH CAUSED THE AUTOMOD TO DELETE THE POST. I hoped that the removal of the link fixed the text but it didn't, this is a Reddit issue, not a mod one. LAY OFF THE MOD NARRATIVE + +EDIT 2: Thank you everyone for the feedback so far; I posted this here as a means to incite further conversation and thoughts. I'm modifying this post as I go, understanding that certain elements are simply TOO speculative. + +EDIT 3: There seems to be concern in how I've represented **Swiss Re** as a reinsurer. I'd just like to confirm that they self-identify as such on most of their portals. You can verify this via a quick Google Search. They also [DO handle re/insurance asset management](https://www.swissre.com/our-business/managing-our-assets) contrary to what has been mentioned. + +EDIT 4: [BlackRock appears to be eyeing Credit Suisse fund management arm](https://www.reuters.com/article/us-credit-suisse-asset-management-m-a-ex-idUSKBN2BW2CT). I'll let you speculate what this may mean in relation to their existing relationship with Swiss Re + +EDIT 5: It is not my intention to make this community appear as a team of conspiracy theorists. There are some deep implications with the evidence that I've showcased that potentially show deeper interlinking between hundreds of the biggest companies. I couldn't possibly attempt to explain each and every single web, so I leave it to you to continue digging! + +EDIT 6: Look I get it, some of you feel that the fact we have tax havens around the world AREN'T a big deal. What is interesting however is that all these players are registered to the same place, and it appears that the government wants to do something about it + +EDIT 7 (April 12th, 2021): We now have the inclusion of **Mr. Gary Gensler** to the mix who will be heading the SEC starting the 19th of April (talk about timing huh). He specializes in cryptocurrencies and darkpools - but more importantly he was the only that finally called on the banks during the 2008 recession: [https://tax.thomsonreuters.com/news/senate-set-to-approve-gary-gensler-nomination-for-sec-chairman-but-likely-for-brief-term/](https://tax.thomsonreuters.com/news/senate-set-to-approve-gary-gensler-nomination-for-sec-chairman-but-likely-for-brief-term/) + +&#x200B; + +&#x200B; + +Now back to the post, + +**Citadel, BlackRock, Susquehanna, and many others are intricately connected through a variety of sources; namely offshore tax havens as proven through the Panama & Paradise Papers. I attempt to piece together what I believe is the reason we are seeing certain behavior from each of these parties.** + +**What you're about to read is MY ATTEMPT to amalgamate multiple pieces of DD by various users from across multiple subs, discord and private discussions in an attempt to piece together what may be happening behind the scenes in the darkside of the financial world. THIS DOES NOT MEAN IT'S 100% RIGHT, SIMPLY MY THOUGHTS ON HOW ALL THESE ELEMENTS MAY PIECE TOGETHER.** + +I INTEND FOR THIS TO BE THE START OF A FRAMEWORK THAT GETS DEVELOPED OVER TIME. I HOPE TO PROVIDE A STARTING POINT. + +**Now grab yourself a beer and strap in, this is about to get crazy. 👨‍🚀👩‍🚀** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +This is an incredibly complicated web with MULTIPLE moving pieces. I will attempt to streamline the findings as much as possible to ease of understanding. + +&#x200B; + +1. Introduction; Prerequisites +2. Follow The Money +3. Let's take a trip to the Cayman Islands and Back Again +4. The Ugland House +5. A New Foe Has Appeared +6. Familiar Faces +7. What does this mean for apes? + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SECTION 1. INTRODUCTION** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +As a prerequisite I highly recommend reading through [/u/atobitt](https://www.reddit.com/user/atobitt) 's "[The EVERYTHING Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/)" whitepaper. It provides a lot of context as to what's going on under the hood and gets you primed for this post. I'd also highly recommend reading through [/u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid) 's DD "[The Missing 🧩](https://www.reddit.com/r/Superstonk/comments/mlf82b/the_missing_citadels_frenemies_pfof_michael/gtneg3m/?context=3)"; for an understanding of how much deeper this potentially goes. Lastly thank you to [/u/tropicalsecret](https://www.reddit.com/user/tropicalsecret) for helping me hash out some missing pieces and their [investigative work](https://www.reddit.com/r/Superstonk/comments/mnlvhf/here_is_all_the_arms_of_susquehanna/) as well. + +My name is [/u/sharkbaitlol](https://www.reddit.com/user/sharkbaitlol) and over the last couple of weeks or so I've prioritized investigating this story further while putting my consultancy on hold - I feel that this is the start of something bigger than any of us can imagine that can improve ours, and our children's lives. I've prided myself in my career as a data scientist and a lifelong gamer in being able to pick up on patterns. I hope that I'm able to help support our community further with this DD. Special thank you to all those who have contributed their time and expertise to getting us this far. I will be referencing other DD written and hope you understand that even if not mentioned, almost every single DD post written by apes has helped getting us closer to the truth. + +&#x200B; + +**With that being said, lets jump in.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SECTION 2. FOLLOW THE MONEY** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +As we know **Sus**quehanna has been of interest in recent weeks due to their suspicious nature of their position within the GME saga. This suspicion grew quickly when some Redditors pointed out that Dr. Burry may have been pointing a finger at Susquehanna through a hidden message on [Twitter](https://www.reddit.com/r/Superstonk/comments/mlf82b/the_missing_citadels_frenemies_pfof_michael/) (whether this is really what was happening is up to you) - now we have **Sus** attempting to [appeal new DTCC regulations](https://www.reddit.com/r/Wallstreetbetsnew/comments/mmh5jb/susquehanna_is_sus_part_2_elia_the_occ801_rule/) **SR-OCC-2021-003** to make things even weirder. Their growing position prompted me me to start doing a deep dive on their positions across the market; particularly how they've [DOUBLED](https://i.imgur.com/KEE1ZQl.png) in size since the start of the pandemic, parties of association, and conflict of interest across the stock market. What I was able to find has left me baffled at how interconnected all this actually is. **Remember this throughout this post, THERE ARE NO COINCINDICES.** + +We begin by looking at **Sus**quehanna's filings to the SEC. We're able to figure out that they break down into multiple connections with the following: + +&#x200B; + +* Susquehanna Investment Group +* Susquehanna Securities, LLC +* **Capital Ventures International** +* Susquehanna Advisors Group, Inc +* CVI Opportunities Fund I, LLLP +* G1 Execution Services, LLC +* Darby Financial Products + +Now I've highlighted Capital Ventures International **(CVI)** as this will be our main point of interest of now for the peculiar reason that they're based out of **Cayman Islands.** You know, that little island of 64k people where Citadel is laundering bonds? Yeah it turns out they're not the only ones, not by a long shot. + +You can find the source for the address on BrokerCheck Report [here](https://files.brokercheck.finra.org/firm/firm_35865.pdf) under Finra's website. What they're saying basically saying is that description at the end there, is that Susquehanna Financial and CVI are beneficially owned by the same company (fancy speak for have 25% or more total control of the company); CVI hold around [$839 million.](https://fintel.io/i/cvi-investments) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SECTION 3. LET'S TAKE A TRIP TO THE CAYMAN ISLANDS AND BACK AGAIN** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Great now that we understand that CVI is in bed with Susquehanna and owned by them; lets go a layer deeper. It's mentioned that this address is located at **Winward 1, Regatta Office Park, Grand Cayman, Cayman Islands.** I was genuinely curious if this address was even real; after a quick Google search, none other than the **PARADISE PAPERS** come up. Remember the massive investigation that exposed some of the most powerful leaders to tax havens around the world? + +[Offshoreleaks](https://offshoreleaks.icij.org/) is a pretty amazing website that allows you to do a network visualization to see who's connected with what. So we start digging; *keep in mind that the data from these papers are from 2014 so some names/elements have been slightly modified since then.* + +You'll notice that **Mr. Walmsley** comes up a few times throughout this post, but for now we see that he's connected to this address that CVI is registered to. We can confirm his participation in CVI via a **13G FILING** through the **SEC**. + +He's the director of CVI as seen [here](https://www.sec.gov/Archives/edgar/data/1649553/000110465919006973/a19-4181_31sc13g.htm). + +***EDIT: FURTHER VALIDATION OF APOLLO INVESTMENTS LIMITED REQUIRED. THIS APPEARS TO BE A REGISTERED ENTITY IN THE CAYMAN ISLANDS AS A SHELL NAME. I CANNOT CONFIRM IF THIS IS ACTUALLY THE APOLLO INVESTMENTS MENTIONED BELOW YET. THERE'S MANY NAMES THAT COME CLOSE TO THIS SHELL COMPANY YOU SEE HERE. WE GET APOLLO VALUE INVESTMENT Offshore Fund LTD, WHICH IS AS YOU GUESSED - ANOTHER OFFSHORE SHELL COMPANY IN THE CAYMAN ISLANDS. YOU EITHER CHOOSE TO BELIEVE THAT THEY HAVE A COMPANY CALLED APOLLO INVEMENTS LIMITED BY CHANCE, OR THAT IT HAS SOMETHING TO DO WITH APOLLO INVESTMENTS. EVEN WITHOUT THIS PIECE WE STILL SEE APOLLO'S HAND IN THE UGLAND HOUSE:*** [***https://whalewisdom.com/filer/apollo-total-return-co-investors-a-lp***](https://whalewisdom.com/filer/apollo-total-return-co-investors-a-lp) + +We see a second address come up in the above screenshot for a place called the **"Ugland House"** located in the Cayman Islands in this filing associated with CVI. Hold that thought for now, we'll go over it soon. + +Going back our network visualization screen shot with Mr. Walmsley, he leads us to yet another connection called **"Apollo Investments**" (you'll notice that CVI isn't on that screenshot, this is because the first filings we see for CVI is at the end of year 2017 whereas the Paradise Papers were published prior to that). "Apollo Investments" will be the next piece of the puzzle. + +So who are they? Well we know they manage about $13bn and invest mostly in finance, industrials, and information technology (top buys being SPY puts (oof, there goes a chunk of change)) *\[just want to clarify here that Apollo Investments is directly affiliated with Apollo Management, you get redirected on their site to the main Apollo Page\].* + +**So to recap we know that Mr. Walmsley is located in the Cayman Islands, Director of CVI which is owned by Susquehanna, AND some sort of senior title in a a company called Apollo Investment.** + +&#x200B; + +EDIT: For a whole another rabbit hole check out **Jay Clayton** who was chairman of the SEC (as instated during the **TRUMP** administration) who now works for Apollo: [https://en.wikipedia.org/wiki/Jay\_Clayton\_(attorney)](https://en.wikipedia.org/wiki/Jay_Clayton_(attorney)) with the following description: " In February 2021, [Apollo Global Management](https://en.wikipedia.org/wiki/Apollo_Global_Management) appointed Clayton to the newly created role of lead independent director on its board " + + Lets not forget about **Mr. Heath Tarbert**, who was the former chairmen of the CFTC (Commodity Futures Trading Commission) who just got hired by Kenny boy as one of his Chief Legal Officers at Citadel not even 2 weeks ago. **Heath** had this to say about his friend **Jay Clayton**. + +>“It has been an honor to serve alongside Jay Clayton. He is one of the smartest and most capable transactional attorneys in the country and an even better colleague and friend. As leaders of the SEC and CFTC, we have worked together closely to harmonize our rules where appropriate and hold wrongdoers accountable. + +Directly from the cftc site: [https://cftc.gov/PressRoom/PressReleases/8310-20](https://cftc.gov/PressRoom/PressReleases/8310-20) . Still not a conflict of interest? + +&#x200B; + +EDIT 2: Maybe I'm just cherry picking information here, but we see that Citadel had hired Apollo's head of corporate credit trade in the last 2 years; check out this excerpt " + +>Since joining Citadel in 2019, Salame, one of Wall Street’s most prominent trading executives, has expanded the credit team amid a hiring spree at the firm. He last week hired Prakash Narayanan from CQS, who was one of Michael Hintze’s top performers. David Casner joined from Goldman Sachs Group Inc. **last year as head of convertible bonds and equity volatility.**" + +Interesting.. Head of convertible bonds and equity volatility... + +[https://www.chicagobusiness.com/finance-banking/citadel-hires-apollos-head-corporate-credit-trading](https://www.chicagobusiness.com/finance-banking/citadel-hires-apollos-head-corporate-credit-trading) + +&#x200B; + +&#x200B; + +Now have a look at who are the [majority stakeholders](https://fintel.io/so/us/apo%201%20c38) are of **Apollo Global Management:** + +Wait... TIGER GLOBAL MANAGEMENT? Hasn't one of the Tiger Cubs associated with them -- you know, just gotten blown up? More on [The Archegos phiasco](https://finance.yahoo.com/news/rattled-archegos-stocks-investable-again-201150296.html) and how they screwed **Credit Suisse**. How VANGUARD is associated here, I'm not exactly sure yet... + +**Remember how I said there's no coincidences?** Lets have a look where both **APOLLO** and **TIGER GLOBAL MANAGEMENT** are located in New York. + +**INTRODUCING THE SOLOW BUILDING** + +We'll totally ignore the other tenants for now; although I'm sure they have their hand in the cookie jar haha (cough\* Chanel, cough\* Bombardier). But lo and behold, one of the largest holders of **Apollo** are the Tigers which happen to be in the same building. [What a story](https://www.youtube.com/watch?v=ddu4Gj3hmgc) huh. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SIDE QUEST TIME** + +**Marc Rowan** of **Apollo** became the new CEO just back in February of this year after the old CEO **Leon Black** stepped down due to links to "the late financier and convicted sex offender **J3FFR3Y 3PST3IN**". [WHAT LOL](https://www.reuters.com/article/us-apollo-global-ceo-idUSKBN2AO2XF). + +Rowan was also quoted saying the following during a **Credit Suisse Financial Services Forum:** + +>“The opportunity, nothing other than that, and in the middle of a pandemic taking a sabbatical is never a good idea,” Rowan said during the **Credit Suisse Financial Services Forum** when asked why he wanted the role. + +&#x200B; + +**SIDE QUEST PART 2** + +Tiger Global Management's Executive **Scott Shleifer** in the last month purchased a lovely $132 million dollar Palm Beach house on a piece of land owned by the former President. He also owns 14.8% of **Apollo Global Managment:**[SEC 13G/A Filing](https://sec.report/Document/0000919574-21-001610/) + +&#x200B; + +&#x200B; + +**HOLD YOUR BREATHE, WE'RE GOING DEEPER** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SECTION 4. THE UGLAND HOUSE** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Let's go back to that other address we saw registered with CVI Investments; we see another business address labelled under a place called the **"Ugland House, Grand Cayman, Cayman Islands"**. I did some more research around this place and SURPRISE, right back to the **Paradise Papers** we go. + +This place is so **COOL** that it has it's own Wikipedia page! [https://en.wikipedia.org/wiki/Ugland\_House](https://en.wikipedia.org/wiki/Ugland_House) + +I love this quote from Wikipedia on it: + +>" During his first presidential campaign, U.S. President [Barack 0bama](https://en.wikipedia.org/wiki/Barack_Obama) referred to Ugland House as "the biggest tax scam in the world", raising questions over the number of companies with a registered office in the building." + +Here's a picture of this monster sized building that houses **40,000 entities and businesses** + +So lets see what's connected to this address + +That EXACT address (the exact way it was written out on the CVI document), is linked to a company called **MOUSSESCALE** which is owned by **Mousse Partners**. REMEMBER, there's thousands of businesses registered here, but they seem to have some variants or "locations" within the Ugland House. However guess where the Mousse Partners NY office is... 9 West 57th street which is... + +REMEMBER NO COINCIDENCES + +BTW look what's just around the corner of the Solow building + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**ANOTHER SIDE QUEST** + +Did I also mention that the Chief Investment Officer of **Mousse Partner Limited**, **Suzi Kwon Cohen (can't make this up),** was the principal at **Credit Suisse** in Private Equity? Just 2 floors below **Apollo?** + +There's also only 44 people that work at Mousse Partners... Man what are the *chances*. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**FUN FACT** + +**Sus**quehanna has associations with other "[organization affiliates](https://files.brokercheck.finra.org/firm/firm_35865.pdf) (see **"SAL Trading, LLC"; "DARBY FINANCIAL PRODUCTS"; "SIG STRUCTURED PRODUCTS, LLLP**") at **1201 N Orange St, Wilmington, DE, USA.** You can read all about those shenanigans here: [https://en.wikipedia.org/wiki/Corporation\_Trust\_Center\_(CT\_Corporation)](https://en.wikipedia.org/wiki/Corporation_Trust_Center_(CT_Corporation)) + +Spoiler, it's another tax loophole right in Delaware's backyard with 285,000 separate businesses registered to it. + +**EDIT: Some people seem to think this is a null point; it is your opinion on whether you think this is right or wrong even if it's a legal loophole. This location has been linked to 9.5 billion dollars of taxes have been evaded as a result of this location (as of 2012).** + +Here's the behemoth of a building that houses 285k businesses. + +**I CAN'T BELIEVE I'M SAYING THIS, BUT WE'RE GOING EVEN DEEPER** + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SECTION 5. A NEW FOE HAS APPEARED ----- TREAD LIGHTLY, SOME ELEMENTS HERE LIKE THE BLACKROCK -> CITADEL COMPONENTS ARE SPECULATIVE** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Now how is **Citadel** involved with all this you may wonder? Well as it turns out, they have an entity tied to the **Ugland** house as well; that's right the same exact building that Apollo and CVI (Susquehanna) are connected to. [\[Citadel Kensington Global is a direct subsidiary of Citadel\]](https://whalewisdom.com/filer/citadel-kensington-global-strategies-fund-ltd) who are due for another D/A filing sometime in May. They manage a cool 17bn. + +Now we start to getting into [/u/atobitt](https://www.reddit.com/user/atobitt) 's territory of the "EVERYTHING Short" research. They're (Citadel) operating out of multiple places in the **Cayman Islands** and the **Ugland House** is the prime destination. They're flipping bonds here and making bank. + +Now GUESS who we build a direct connection to? + +As it turns out BlackRock is the owner of a company called **Swiss Re**. Now who's **Swiss Re**? + +Directly from their [Wikipedia Page:](https://en.wikipedia.org/wiki/Swiss_Re) + +*The Swiss Reinsurance Company of Zurich was founded on 19 December 1863 by the Helvetia General Insurance Company (now known as* [*Helvetia Versicherungen*](https://en.wikipedia.org/wiki/Helvetia)*) in* [*St. Gallen*](https://en.wikipedia.org/wiki/St._Gallen)*,* ***the Schweizerische Kreditanstalt (***[***Credit Suisse***](https://en.wikipedia.org/wiki/Credit_Suisse)***) in*** [***Zurich***](https://en.wikipedia.org/wiki/Zurich) *and the Basler Handelsbank (predecessor of* [*UBS AG*](https://en.wikipedia.org/wiki/UBS_AG)*) in* [*Basel*](https://en.wikipedia.org/wiki/Basel)*.* + +That's right, **Swiss Re** was formed by none other than **CREDIT SUISSE** + +Some more on them: + +They're basically something called a *reinsurer.* In-case you're not familiar: + +*A* ***reinsurer*** *is an insurance company that insures the risks of other insurance companies. A cedant is an insurer who transfers all or part of a risk to a* ***reinsurer***\*. The\* ***reinsurer*** *covers all the insurance policies coming within the scope of the reinsurance contract.* + +They're the insurance, FOR the insurance. Why is this important? Look who owns them as of 2012 [\[BlackRock\]](https://ir.blackrock.com/news-and-events/press-releases/press-releases-details/2012/BlackRock-to-Acquire-Swiss-Re-Private-Equity-Partners-AG-Announces-Strategic-Alternative-Investment-Partnership-with-Swiss-Re-Enhances-Private-Equity-Fund-of-Funds-Capabilities-Deepens-Presence-in-Switzerland/default.aspx). I should also mention at this point that **Swiss Re** manages a cool $240bn in assets as of 2019 - nothing to be scoffed at. Add to the fact that 39% of their investments are in government bonds, and 27% in credit bonds; *directly from their* [investor presentation](https://www.swissre.com/dam/jcr:205daff9-56f9-445f-a2cd-9d3aba31253e/fy-2020-slides-presentation-doc.pdf)*:* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SECTION 6. FAMILIAR FACES -------- PLEASE NOTE THAT THIS COMPONENT IS PURELY MY SPECULATION ON THE MATTER YET AGAIN; WE CANNOT DEFINITELY SAY FOR CERTAIN THAT THIS CONNECTION BETWEEN BLACKROCK + SWISS RE AND CITADEL + PALAFOX EXISTS. UNFORTUNATELY THE DATA FROM THE PARADISE PAPERS AREN'T RECENT ENOUGH** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Now that we understand who Swiss Re is; INTROOOOOOODUCING OUR BACK-TO-BACK ALL-STAR, PALAFOX TRADING LLC!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!** + +Already made infamous in the "EVERYTHING Short" post once again, **Palafox** has been acting as a direct proxy for **Citadel** as a means to rehypothecate bonds to quickly cash out and add liquidity to the market. + +Now how do THEY connect? First we see that the public accountant is a company called Pricewaterhousecoopers which work with **Palafox**. **EDIT HERE: Thank you to the community for helping clear this point up. We know that this may be a null conclusion considering PWC works across a multitude of clients across the world. For now all that we can say for certain in this section is that Citadel & BlackRock have registered entities to the Ugland House. Do with that information what you will. THIS DOES NOT NECESSARILY MEAN THEY HAVE ANYTHING TO DO WITH EACH OTHER. REMEMBER 40K BUSINESSES ARE REGISTERED HERE!** + +Now lets zoom out on the network visualization from earlier that connect BlackRock with Citadel through the **Ugland House.** + +EDIT: REMOVED SECTION ATTEMPTING TO EXPLAIN THE CONNECTION AS IT WAS TOO SPECULATIVE. JUST KNOW FOR NOW THAT BOTH MEMBERS HAVE ENTITIES ARE REGISTERED TO THE SAME TWO LOCATIONS IN CAYMAN ISLANDS AND BAHAMAS + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**SECTION 7. WHAT DOES THIS MEAN FOR APES** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +I believe the connection between **Susquehanna > CVI > Apollo > Tiger Global Management**\> **Credit Suisse > Swiss Re > Citadel > BlackRock** is incredibly complex and has many moving pieces beyond what any of us imagined. I believe that there is a 5D game of chess being played, and apes are just a pawn that is plowing the way to victory. **IT IS IN MY OPINION** that **BlackRock** isn't just looking to kill off **Mevlin. I think they may be working with the government + fed(which has been shown they've done on occasion) to make some major changes happen to the market. What's the end goal? It's not entirely obvious to me yet. You can read a bit more about it on Bloomberg under the title "Why BlackRock is now the 'fourth branch of government' ". Sorry I'd post the link but I don't want automoderator to kick in again (just google that title).** + +As I was compiling this information look for no further than the POTUS himself for confirmation bias just from 3 days ago: SKIP TO 38:20 OR SO [https://twitter.com/potus/status/1379857925875888128?s=21](https://twitter.com/potus/status/1379857925875888128?s=21) + +>*I've also proposed a global minimum tax... Let me tell you what the means, that means companies won't be able to hide their incomes in places like the Cayman Islands or Bermuda* + +**EDIT (April 12th, 2021):** We now have the inclusion of **Mr. Gary Gensler** to the mix who will be heading the SEC starting the 19th of April (talk about timing huh). He specializes in cryptocurrencies and darkpools - but more importantly he was the only that finally called on the banks during the 2008 recession: [https://tax.thomsonreuters.com/news/senate-set-to-approve-gary-gensler-nomination-for-sec-chairman-but-likely-for-brief-term/](https://tax.thomsonreuters.com/news/senate-set-to-approve-gary-gensler-nomination-for-sec-chairman-but-likely-for-brief-term/) + +&#x200B; + +TLDR; I think there's a lot of shady things going on in the world. Whether you believe all of it, or none of it; JUST HODL. I hope this framework can help you start your own research in figuring out what we're dealing with here! + +&#x200B; + +We are approaching something huge apes. Diamond Fucking Hands 💎✋🦍 +I tried posting this during trading hours and it got lost, gonna try to add more info with the new title. I *think they may have been trapped, Madoff style.* + +History doesn't repeat itself but these guys sure tried to rhyme with internalization. + +To start, I'll give a [definition from the SEC](https://www.sec.gov/fast-answers/answersinternalizationhtm.html) + +> **Internalization** + +> When you place an order to buy or sell a stock, your broker has choices on where to execute your order. Instead of routing your order to &gt; a market or market-makers for execution, your broker may fill the order from the firm's own inventory. This is called "internalization." In this way, your broker's firm may make money on the "spread" – which is the difference between the purchase price and the sale price. + +*** + +&nbsp; + + +> On September 14, 1999, Citigroup’s Smith Barney, Morgan Stanley, Merrill Lynch and Goldman Sachs partnered with Madoff to compete with the New York Stock Exchange in a venture called Primex Trading. + +> Madoff had purchased the rights to a new technology called Financial Auction Network (FAN) created by Christopher Keith, a 17-year veteran of technology creation at the New York Stock Exchange (NYSE). Keith had retired from the NYSE and started a technology think tank in lower Manhattan in the early 1990s called Exchange Lab. FAN was one of the early technology offerings and the rights to develop it were bought by Madoff, ostensibly with stolen customer funds it now appears. The firm that emerged was Primex Trading, a division of Primex Holdings. + +> In addition to Keith from the New York Stock Exchange, Primex hired Glen Shipway, the Executive Vice President of Nasdaq, whose duties had included market surveillance of broker dealers. Madoff and his big Wall Street partners told the press that the purpose of the venture was to bring better price execution on stock trades to the investing public. A very different motive was at work. + +> [The real goal for Primex was to legitimize the highly questionable practice of “internalization,” where big Wall Street firms match their customers’ buy and sell orders in house.](https://www.nytimes.com/1999/09/14/business/4-leading-securities-firms-join-forces-to-back-primex.html) + +&nbsp; + +*** + +&nbsp; + +*Fast forward 2 decades* + +> [Morgan Stanley, Fidelity and Citadel Securities among backers of new ‘Members Exchange’](https://www.wsj.com/articles/wall-street-firms-plan-new-exchange-to-challenge-nyse-nasdaq-11546866121) + +> A group of financial heavyweights including Morgan Stanley, Fidelity Investments and Citadel Securities LLC plans to launch a new low-cost stock exchange to challenge the New York Stock Exchange and Nasdaq Inc., the companies said. + + +> The creation of the new venue, called Members Exchange or MEMX, comes after years of frustration among Wall Street brokers and traders with the fees charged by U.S. stock exchanges. + +&nbsp; + +> The MEMX, or “Members Exchange,” will be owned by a group that includes the retail-oriented firms Charles Schwab (SCHW), TD Ameritrade (AMTD), E*Trade Financial (ETFC), and Fidelity Investments; the investment banks Bank of America Merrill Lynch (BAC), Morgan Stanley (MS), and UBS Group (UBS); and the computerized market makers Citadel Securities and Virtu Financial (VIRT). The founders said the new trading venue will feature lower costs, greater transparency, and simplified order types. + +> The do-it-yourself initiative follows years of bitter feuds that the exchanges and brokerage firms had fought in the rule-making process of the U.S. Securities and Exchange Commission. Exchanges tried unsuccessfully to push through a “trade-at” rule, allowing traders to designated a particular exchange for the execution of their orders, while brokers and market makers sought rules to limit the fees that exchanges charge for price data and for access to their trading venues. In their announcement, the MEMX group notes that three businesses (ICE, Nasdaq, and Cboe) now own 12 of the 13 U.S. stock exchanges. + +&nbsp; + +Oh you wanna ban PFOF? They'll make a free version to keep going. + +> The Members Exchange, an upstart exchange backed by the likes of JPMorgan, Goldman Sachs, and Citadel Securities, is putting its market data on a blockchain network in a nod towards the potential future of how Wall Street accesses its information. + +> [The equities exchange is offering free access to its real-time pricing data on the Pyth Network, a distributor of financial market-data that sits on the Solana blockchain.](https://www.businessinsider.com/memx-stock-exchange-market-data-pyth-network-solana-blockchain-2021-10) + +That they can then charge for after people forget about PFOF + +> [MEMX launched with free market data and connectivity and is still not charging but Kellner said MEMX will bring in fees when the exchange reaches a certain market share.](https://www.tradersmagazine.com/uncategorized/memx-to-launch-retail-focused-midpoint-order/) + +&nbsp; + +While arguing they should be able to cellar box faster by trading half pennies. + +> Investors could see Apple Inc. and Bank of America Corp. stocks selling for $152.005 or $42.115 a share if regulators sign off on a proposal submitted this week. + +> [Members Exchange, a startup exchange backed by major Wall Street firms, said in a proposal that the Securities and Exchange Commission should allow some heavily traded stocks to be priced in increments of half a cent.](https://www.wsj.com/articles/members-exchange-urges-regulators-to-allow-half-penny-stock-prices-11630402202) + +&nbsp; + +But at the same time, are removing actual market improvements to protect against internalizing via lawsuit. + +> [Citadel Securities sues SEC over approval of new stock-order type](https://www.reuters.com/article/us-citadel-securities-sec-iex-group-laws-idUSKBN27201E) + +> The lawsuit, which was filed on Friday and first reported by the Wall Street Journal, increases Citadel Securities' dispute over IEX's "D-Limit" order type. The D-Limit is designed to give traders a way to buy or sell stocks at the exchange while protecting them against unfavorable price moves. + +&nbsp; + +Look who was fined for doing this in 2017 + +> The Securities and Exchange Commission today announced that Citadel Securities LLC has agreed to pay $22.6 million to settle charges that its business unit handling retail customer orders from other brokerage firms made misleading statements to them about the way it priced trades. + + +> [The SEC’s order finds that Citadel Execution Services suggested to its broker-dealer clients that upon receiving retail orders they forwarded from their own customers, it either took the other side of the trade and provided the best price that it observed on various market data feeds or sought to obtain that price in the marketplace.  The process of taking the other side of the trade of the retail orders is known as “internalization.”](https://www.sec.gov/news/pressrelease/2017-11.html) + +Here's a great [image explaining it from the article]( https://imgur.com/z7dToxE.jpg) + +> But the SEC’s order finds that two algorithms used by Citadel Securities did not internalize retail orders at the best price observed nor sought to obtain the best price in the marketplace.  These algorithms were triggered when they identified differences in the best prices on market feeds, comparing the SIP feeds to the direct feeds from exchanges.  One strategy, known as FastFill, immediately internalized an order at a price that was not the best price for the order that Citadel Securities observed.  The other strategy, known as SmartProvide, routed an order to the market that was not priced to obtain immediately the best price that Citadel Securities observed.  + +Note: see how PFOF would make that crazy strong? + + +&nbsp; + +Even [Dlauer mentions they knew this shit about PFOF and internalizing in 2004](https://www.twitter.com/dlauer/status/1423036232288849920) guess they saw no one do anything about it so they went for it. + +> Citadel made the exact same arguments in 2004 about PFOF and "internalization without material price improvement." This is not a fringe or extreme argument, and it's the law in most other countries. + + +&nbsp; + +Who exactly is having issues DRSing your shares? Sure looks like those participating in MEMX... + + +&nbsp; + +A couple other exchanges and brokers who have gained market share since January also have some history. + +> Fourteen trading firms, including subsidiaries of some of Wall Street’s top banks, on Wednesday agreed to pay a total of nearly $70m to settle civil charges that included allegations they “traded ahead” of clients for their own benefit. + +> The settlements announced on Wednesday by the US Securities and Exchange Commission involved violations that allegedly occurred from 1999-2005 on the American Stock Exchange, the Chicago Board Options Exchange, the Philadelphia Stock Exchange and the Chicago Stock Exchange. + +> “These firms violated the public trust by abusing the privileged position they had as specialists on the various exchanges,” claimed James Clarkson, acting director of the SEC’s New York regional office. + +> [Among those settling were Goldman Sachs Execution &amp; Clearing and SLK-Hull Derivatives, which Goldman purchased in 2000. The SEC alleged in its complaint that improper trades by those two firms cost investors about $6m.](https://www.ft.com/content/866f2990-0903-11de-b8b0-0000779fd2ac) + +> [Other parties to the settlement included Automated Trading Desk Specialists, since acquired by Citigroup, ETrade Capital Markets, and Susquehanna Investment Services.](https://www.ft.com/content/866f2990-0903-11de-b8b0-0000779fd2ac) + +&nbsp; + +*Side note,* that [Goldman DMM shit is owned by Citadel now.](https://www.prnewswire.com/news-releases/citadel-securities-reaches-preliminary-agreement-to-acquire-dmm-unit-from-imc-301149075.html) + +> Citadel Securities, a leading global market maker, today announced that it has reached a preliminary agreement to acquire IMC's Designated Market Making (DMM) business on the floor of the New York Stock Exchange (NYSE). + +> IMC has been a DMM on the NYSE since 2014, when it acquired Goldman Sachs' DMM business. Since 2014, IMC has expanded its market making operations with an increased focus on ETFS and options and has also increased its U.S. operations almost two-fold to nearly 400 people in support of its trading operations growth. The sale of the DMM business at this time, which represents a small portion of its overall U.S. operations, is consistent with IMC's growth strategy. IMC is committed to growing its ETF and options business, as evidenced by its ongoing performance as a Lead Market Maker in over 150 ETFs and a Lead Market Maker in over 500 Options classes, as well as registered market maker in all products it trades.   + +&nbsp; + +*** + +Go read [Madoff's papers from prison he talks about:](https://www.forbes.com/sites/dianabhenriques/2012/03/20/exclusive-the-secret-madoff-prison-letters/) + +> Feb. 3, 2012 6:46 A.M. … It was perfectly proper to short [my clients] securities or purchase those positions back from those clients or others with any profit or loss recorded on my books. … The point is that this was my practice prior to the time that I fell into my crime of ­staying Naked Short. The fact that the prosecutor and Trustee seemed clueless of this is why my frustration is so great. + + +> In order to avoid an ugly period of litigation and negative press, I agreed to take over the contra side of the hedge transactions with the understanding that the domestic client would hold me harmless from the losses on the hedge transactions. Provisions were made in the client’s trust agreements and wills to protect me even in the event of their death. Their hope was that the market would continue to sell off and erase the hedge loss. Unfortunately the ­opposite occurred. The market moved higher (post-crash), resulting in huge loses on the naked short hedge position. + +> For a period the client sent in bonds and cash to cover the margin calls but after a time claimed his inability to help due to his tax and other investment obligations. He assured me he would be able to re-liquify in time and honor his agreement. + +> The rest is history. + + +&nbsp; + + +> Nov. 24, 2011 6:51 P.M. … When you look at my RIDDLE [in the Nov. 23 letter], consider the fact that there was in fact no crime until I did not have enough capital in the firm to cover the losses. There is your real STORY. + +&nbsp; + +> Dec. 13, 2011 12:35 A.M. I know you might think I am rationalizing my actions, and to some degree that may be true … + +> I keep asking myself how I let this happen. … The reality is that for thirty some years I was successful earning substantial legitimate profits for everyone. Then I did allow myself to be put into a terrible financial situation because of a few trusted clients. This was my own ego and weakness to please that has always been my nature. I can blame no one but myself for allowing this to happen. … + +&nbsp; + +*** + +&nbsp; + +To [quote /u/j4_jjjj](https://reddit.com/r/Superstonk/comments/q3cdox/isnt_it_weird_how_the_inventor_of_the_biggest/hfr3tgr) + + +> Adding on some more info: + +> Payment for order flow (PFOF) is the compensation, as much as 1 penny per share, that a stockbroker receives from a market maker in exchange for the broker routing its clients' trades to that market maker.[1] ***It is a controversial practice that has been called a "kickback"***.[2] + +> In general, market makers are willing to pay brokers for the right to fulfill small retail orders. The market maker makes a profit from the bid-ask spread and rebates a portion of this profit to the routing broker as PFOF. Another fraction of a penny per share may be routed back to the consumer as price improvement. + +> Notice here in the next part, it shows the main brokers who use PFOF: + +> Brokers in the United States that accept payment for order flow include ***Robinhood, E-Trade, Ally Financial, Webull, Tradestation, The Vanguard Group, Charles Schwab Corporation, and TD Ameritrade*** + +> which highlights EXACTLY why people are having trouble transferring from those, and users on fidelity and ibroker are having very little issues. + +> https://en.wikipedia.org/wiki/Payment_for_order_flow + +> # Buy. DRS. H♾️dl. + +&nbsp; + +*** + +&nbsp; + +*To translate this differently:* + +Broker has agreed to send their orders to the guy paying them a kickback in return for being told what everyone is buying. (The scam known as PFOF) + +Kickback guy (market maker) grabs a basket of trades and decides if they will; + +* buy the shares now at a lower price, and sell to the costumer much later after a ton of orders have come in, pocket the difference and kickback a bit to the broker (this is a bet the stock will go up) + +Or + + +* not buy the shares, but still sell the orders [(Madoff exemption)](https://www.reuters.com/article/us-madoff-sec-remarks-idUKTRE4BG6US20081217). With a plan to buy the shares later at a lower price and pocket the difference and kickback to the broker. (this is a bet the stock will go down) + +The market makers made a bet the stocks would go down, didn't buy the baskets of stocks. It went up and hasn't gone back down. Leaving not only the market maker naked short, the brokers using PFOF with the market maker that made that bet are also 2nd degree naked short as they never got the shares from the MM who made the bet but doesn't have the cash to buy all the shit back they need later. + +Now you tell me why Goldman is [jumping to BNY Mellon just as they start a line of credit with Citadel Europe (who closed their office the same month, only to announce one still not open)](https://reddit.com/r/Superstonk/comments/q50q3j/was_bny_mellon_taken_over_by_goldman_from_the/) (title is salacious sorry) + + +&nbsp; + +**Side note** ***guess who was giving loans to Robinhood in January*** + +> [Robinhood’s lenders include JPMorgan Chase & Co. and Goldman Sachs Group Inc., according to data compiled by Bloomberg.](https://www.bloomberg.com/news/articles/2021-01-28/robinhood-is-said-to-draw-on-credit-lines-from-banks-amid-tumult) + + +TA:DR; + +Madoff got fucked by an event like January where he bet the opposite market move would happen. Kenny boy might be on the hook and being handed loans to stave Marge via a line of credit with BNY Mellon and their EU office. *He's getting loans from his triparty bank.* + +This info came about, [trying to figure out why BNY had the 4.1M shares in put contracts in Brazil that keep disappearing from Bloomberg terminal.](https://www.reddit.com/r/Superstonk/comments/q50q3j/was_bny_mellon_taken_over_by_goldman_from_the/) Turns out Goldman execs are moving to BNY in sync with decisions elsewhere like an exec joining Citadel and a line of credit opening for Citadel. + +in addition to utilizing PFOF this way it is also a possibility a greedy MM would be buying options in line with the way the were selling shares as they knew the trajectory. + +Meaning [those puts](https://www.reddit.com/r/Superstonk/comments/plxc2m/bloomberg_terminal_released_45m_shares_hiding_in/) might quite be real. And Goldman took them [with this company](https://imgur.com/a/VDeKsIv) to send them to [Brazil via BNY Mellon](https://imgur.com/2uTQgH9.jpg) to hide them from Reg SHO (FTDs). + + +After all [Goldman Sachs is the clearing broker for Citadel](https://www.reddit.com/gallery/meov7p) "and in that capacity may have custody of funds or securities of Citadel Securities LLC" +I see a lot of people talking about the "hidden" expenses of buying a home. While many things in life are uncertain, you can still plan for the most common scenarios. I'll be listing big ticket items below that a lot of people don't budget for, the average cost, and the average life expectancy. A house is likely the most expensive purchase you will ever make so you want to do your research before hand. Two things to note before I begin: + +1. Unexpected things can happen no matter how well you plan. My 17 year old tree got knocked down during a windstorm 2 weeks after I bought my house. My fence was fairly new and should have had a decade left in it, but trees are bigger than fences. As Mr. Gump once said, "shit happens." + +2. These prices ALL vary massively. I aggregated averages from various sites, but just because the median price is 7500 doesn't mean you won't be paying between 2k and 30k. I'll explain what to look for cost wise for each item, but remember that every scenario is unique so you need to do research for your specific circumstance. Now let's get started. + +**Roof** + +This is the most expensive one for most people. The average cost of a roof is $7500 dollars. The average life expectancy is 20 years. This varies greatly based on the material it is made out of, the size, and the climate you are in. The best way to get the most out of your roof is to keep it clean of things like moss build-up. I bought a 17 year old home. If the roof was the original I'd be looking at a huge cost in the not so distant future. Luckily mine was almost brand new, which is a sigh of relief for any homeowner. + +**Furnace** + +The average cost of a furnace is $3000 dollars. The average life expectancy is 18 years. This varies based on the brand you have and the climate you are in. The best way to get the most out of your furnace is to change filters on time and not use it when it's not needed. Unlike my roof, my furnace was an original with the house. Knowing it was on it's last years of life I upped my emergency fund by a few thousand dollars for when the sucker died. (RIP 2016, made it 21 years!) + +**Central Air** + +The average cost of a central air unit is $4000 dollars. The average life expectancy is 18 years. This varies based on the brand you have, the size, and the climate you are in. Someone buying a unit for a 1200sq foot home in Maine is naturally going to spend less than someone buying for a 2500 sq foot home in Arizona. (Assuming people in Maine even have them?) The best way to get the most out of your AC is to not use it when it's not needed. I had same story with AC unit as Furnace. They died about 6 months apart, but since I'd been planning for that for a few years it wasn't too devastating of a hit to me. + +**Wood Fence** + +The average cost of a wooden fence is $25 dollars per sq ft. The average life expectancy is 12 years. This quite a bit based on the material you use and the climate. Also if you don't like wood the cost for other materials will change a lot. This is the first item on the list that I will say you can save money on by doing the labor yourself. Without expertise you don't want to mess with building a roof or installing an AC or furnace. Fences aren't that bad though if you're relatively handy and you can cut the cost on half. + +**Washer/Dryer** + +The average cost of a Washers and Dryers is $500 dollars each. The average life expectancy is 10 years. This varies based on the brand and size. If you want a behemoth washer that is also basically a computer you'll be paying a lot more than a normal sized with with 2 knobs on it for heat and time. Make sure to clear the damn lint trap for your dryer! + +**Fridge** + +The average cost of a refrigerator is $1100 dollars. The average life expectancy is 14 years. This varies based on the brand and size. Barring something obvious like leaving it open for 16 weeks in a row there isn't really a way to keep it alive longer. Just make sure you go catch it if it's running. + +**Deck Repair** + +The average cost of deck repair is $1500. The average life expectancy is 15 years. This varies based on the size of the deck and the extent of repairs needed. This is also one that you can save a lot of money if you do it yourself. As for a new deck... you'll have to price that out yourself because it has a wider range than pretty much any of the other items based on size and materials. + +**Sprinkler System** + +The average cost of a new sprinkler system is $3000. The average life expectancy is 15 years if you don't go cheapo. This varies based on the size of the yard, climate, and how many installations you want. Repairs to a system can be 100-1000 dollars based on what is damage and where. + +**Hot Water Heater** + +Last item! The average cost of a hot water heater is $1500 dollars. The average life expectancy is 10 years. This varies based on the brand and size. A good way to expand the life of a hot water heater is to not drive your car into it like my cousin once did. (He did it to his own, not mine thankfully.) + +**Conclusion** + +So, these are all the items my realtor ran through with me. Hope it helps at least someone out there! + +In the 8 years I've been here I've had expected replacements to Hot Water, AC, furnace, Washer, and Dryer. I've had unexpected replacements to the fence. Everything else is still within it's normal life span so this list has been great for me minus one stupid wind storm. +NASA: Not Another Shit Altcoin | Huge Partnership Announced | Rug Pull Relief Fund in Full Swing | 250K MC Hidden Gem - Moonshot Potential + +We bet you didn’t see this cumming 🤭. NASA Token has just teamed up with CUMROCKET to create for them their very own, exclusive Not Another Shit Altcoin NFT. Our NFT’s bring something unique to the table, an angle not yet explored in crypto. + +Both parties involved stand to gain from the partnership, with one possessing an NFT that can be sold to raise funds for development or marketing purposes and NASA benefiting from the additional exposure leading to more partnerships and opportunities for us in the future. + +But we’re not done there. NFT’s are just ONE of our many potential use cases for NASA. In addition to this, we’ve had a number of nastronauts apply for the Rug Pull Relief Fund and we’re pleased to announce that we have approved several applicants with many more to come on the horizon. + +&#x200B; + +Our NASA Auditing Service project has been progressing nicely, we’re on the cusp of revealing the report of our first audited token which again will only make NASA more valuable in the eyes of the general investor. + +Other developments underway at NASA Mission Control include: our own dedicated app where users can review their tokenomics accumulation, CMC listing, countless exchanges applied for with many approved, partnerships with multiple respected crypto influencers in progress and much much more! + +NASA has survived many dips and crashes over its very short lifespan all the while many around us have crumbled. This is a testament to our team's relentless perseverance as well as our community of dedicated, resilient holders. Our time is long overdue, soon the world will recognize that NASA is Not Another Shit Altcoin. + +&#x200B; + +Become a Nastronaut today!👩‍🚀🚀👨‍🚀 + +🌐Website : [https://www.nasatoken.net](https://www.nasatoken.net) + +🥞Pancake Swap : [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x70cf8d40a3d0f7bc88077ba7d103050d0001a653](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x70cf8d40a3d0f7bc88077ba7d103050d0001a653) + +📄Contract : 0x70CF8d40A3D0F7BC88077Ba7D103050d0001A653 + +🏛️BSCscan : [https://bscscan.com/address/0x70CF8d40A3D0F7BC88077Ba7D103050d0001A653](https://bscscan.com/address/0x70CF8d40A3D0F7BC88077Ba7D103050d0001A653) + +🗯Telegram : [https://t.me/officialnasatoken](https://t.me/officialnasatoken) + +💬Discord : [https://discord.gg/4qhbm6MzpN](https://discord.gg/4qhbm6MzpN) + +📣Twitter : [https://mobile.twitter.com/NASAtoken](https://mobile.twitter.com/NASAtoken) + +📷Instagram : [https://instagram.com/nasatoken?utm\_medium=copy\_link](https://instagram.com/nasatoken?utm_medium=copy_link) +Last year was beyond an embarrassment for apes and it also caused a TON of drama and in-fighting. Can we just not this year? We can all attend virtually/quietly. Let the people at GME do their talking and announce vote results. Maybe I'm in the minority. I don't know. Promise I'm not trying to be negative or a dick. HODL! + +That is all. +The other 20% divided among individual large-cap tech stocks (AAPL, META), some fintech (AFRM), some digital advertising (TTD), 3% in ARKs (I know 😬) and some Global X sector ETFs. +Most of my money isn’t invested yet because I think prices will fall. Otherwise „time in market beats timing in market „. What is your strategy at the moment +Just going through a new employer background check and they're asking for a pretty comprehensive set of documents including 100 points of ID, current employer contract, and uni student number, as well as last 3 months of payslips. +All done via a third party background check company. + +This seems unusual, has anyone encountered this? +&#x200B; + +[Brokers seemlessly pass out shares via a dividend](https://preview.redd.it/y11fakg2k6d91.png?width=621&format=png&auto=webp&s=ae68c34c89b4343e32bd91764c96580f746ab42c) + +and now we KNOW the real reason this was provided as a dividend and not a stock split. Since all the brokers were able to provide additional shares then it stands to reason that it should be no problem to provide the NFT dividend via the same channels. + +EXCEPT we all know that major fuckery just happened to create an illusion that shares were given. + +This was a world-class trap created by Ryan. I suspect we get our NFT dividend after the next earnings report. The clock is ticking to DRS all of your shares. +So my wife was parked on the street and our neighbor across the street was backing out of their driveway when they backed into my wife's car. There's a decent bend on the left side bumper and around the gas tank opening. We only have plpd on our cars (2002 honda civic) but our insurance agent said their car insurance should cover the whole thing since the car was parked and no one was driving, so its considered property damage. Come to find out, they didn't pay their car insurance this month and so there is a lapse in their coverage. + +They kept giving us this sob story about how they are struggling financially, we feel bad since its an old car but we feel they need to cover the damage. What's the best route to take? +History **is** going to remember when Apes held through mini squeezes between $300-$25k and did not sell at these "Astronomical levels"... + +History **is** going to remember when a retail company became the most valuable company in the world and Apes still did not sell..($35k Stock Price Values GME Slightly above Apples all time high on a market cap basis..) + +History **is** going to remember when Apes continued to hold past $35k..into the hundreds of thousands against all "Financial Expert Advice" ("Cramer".."MSNBC".."Marketwatch"..) + +History **is** going to remember when Apes continued to hold past the hundreds of thousands and into the millions just to expose the flawed system that we are currently operating in.. + +History **is** going to remember when Apes are part of the new 1% When they TRICKLED down their GME position in the Millions, and thats when history will say, "Dam, they deserved it" + +lets cement ourselves boys and gals. This is our chance to be part of something insanely historic. +WTC recently held a rigged competition, where they made a fake account that was to win...they accidentally tweeted this on their Waltonchain twitter:"OMG I can't believe I won! Thank you Walton team! <3 Keep doing great work" + +This is a big red flag. Markets like these require a high degree of trust because of lack of regulation. This is not some simple PR failure. This clearly highlighted their ethics and morality. It only makes one wonder what else is fake and scam about them. +They removed the tweet but an admin on this Facebook group saved it: Apollo Investments & ICO. I cannot recommend this group enough + +Hello, today that all the alarms of the bankruptcy of Evergrande went off I remembered my research on Tether, all I am going to say now is a compilation of my research and other people. + +I know it has nothing to do with GME, but it seems like a very important thing that people are overlooking. + +I just wrote it, I have written it quite fast, taking part of my notes. Not everything is explained in the best way, but I think it is necessary for people to get an idea of ​​how serious the situation is. If people are interested I will write a longer version with much more detail about Tether. + +>Tether (USDT) is a stablecoin, a type of cryptocurrency which aims to **keep cryptocurrency valuations stable**. Tether is used by crypto investors who want to avoid the extreme volatility of other cryptocurrencies while keeping value within the crypto market. + +# But why is Tether important? + +Well tether is the 4th largest [marketcap](https://coinmarketcap.com/es/) cryptocurrency with almost $ 74billions. But tether is important because of the liquidity it brings to the cryptocurrency market, 60% of BTC transactions are made through tether. + +[https:\/\/www.cryptocompare.com\/coins\/btc\/analysis\/USDT](https://preview.redd.it/jg47lerojuy71.png?width=471&format=png&auto=webp&s=89aa68292fcb00225a52e92a196d98e4d445e196) + +At higher, most cryptocurrency futures are in USDT, that is, USDT is the currency to which the rest equates. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Now that we more or less know what Tether is and what its function is in the market, we enter the interesting part of the matter. I'm only going to get into the issue of what's behind the 1: 1 value with the dollar, I'm not going to get into the issue of bank fraud. + +# How does Tether stay on $1? + +How Tether holds its value at one dollar has increasingly become a source of controversy. Tethers are supposed to be issued by Tether Limited ‘one for one’ when a customer deposits US dollars. The value of Tether in dollars (USDT/USD) does fluctuate but tends to remain very close to one. + +But what if it wasn't equated 1: 1 to the dollar? + +Tther recently got a [fine](https://www.cftc.gov/PressRoom/PressReleases/8450-21) from the CFTC for lying about its reserves. Only 27% of the days have enough reserves to match 1: 1 with the dollar during the period 2016-2018 + +https://preview.redd.it/wscuxrxkluy71.png?width=592&format=png&auto=webp&s=e3de793da698ce7c37e6a2ddb83c44636153f7ed + +If this already seems absurd to you, you just have to look at what has happened to the tether marketcap during the last year + +https://preview.redd.it/06qoyvixluy71.png?width=1170&format=png&auto=webp&s=71a1ea67a1f7998876b464181da713924e0da844 + +# RESERVES REPORT + +After this and the great pressure to which Tether was subjected, Tether made an audit by a company from the Cayman Islands with 5 workers. The [reserves report](https://tether.to/wp-content/uploads/2021/08/tether_assuranceconsolidated_reserves_report_2021-06-30.pdf)made as of March 31 is this. + +https://preview.redd.it/bhl9m3zwmuy71.png?width=558&format=png&auto=webp&s=1a6c2bf11f64d6a8553fac3bf52cd997cb115963 + +To begin with, it is obvious that there is no 1: 1 parity with the dollar, but not even close. Although if it is true that it has state bonds that I am also very sure. But in that there is no problem, the problem is when we look at the amount of commercial paper that it has, 30 $ billions the commercial paper is what Blackrock handles ... + +# Where are the commercial papers from? + +And now you will say, and why this cares if they are safe?. But this is where China and the Chinese real estate sector come in, because the rumors, which rather than rumors are unconfirmed truths, say that this commercial paper belongs to the Chinese real estate sector (which I assume that everyone already knows that it is not in very good condition). + +I know that no one likes Jim Cramer, but at the end of September he [affirmed](https://www.youtube.com/watch?v=uxbJJ-TFR8s) that this commercial paper for Tether was from Evergrande, Tether released a statement later (What they werre going to do but say yes and ruin the company or deny it and we'll see what we make?). + +# WHAT HAPPENS NEXT? + +And all this stuff, why? Well, let's imagine that the rumors are true and that the commercial paper that supports the parity of USDT with the dollar, that loses value or that even is not paid. I don't have a clear answer to what will happen next, but I know it could be very, very bad, the cryptocurrency market would become illiquid, there would be a total panic, there would be a tremendous wave of liquidation of BTC and ETH ... + +\------------------------------------------------------------- + +And in the Fed's November financial stability report, they talk about the risk of stablecoins to the economy in general. + +[Change stablecoin for Tether ;\)](https://preview.redd.it/o9x475lwpuy71.png?width=605&format=png&auto=webp&s=8a3daf73a0a05deb6632becfcfba445186170f16) + +And they also put it as a top5 possible cause of a shock in the economy + +https://preview.redd.it/unf1u7l4quy71.png?width=691&format=png&auto=webp&s=7ecb00084c99a26f2fd6b0b2720b686b85b96c74 + +&#x200B; + +I know that it does not have much to do with GME, but since I believe that this is a family and we share all the DD that we can, to learn and help each other it seems to me a very important issue so that so little is said. + +And that if you have found it interesting, I can make another post to explain it better and with more details + +BUY HOLD AND DRS + +## 🚀 🚀🚀 🚀🚀🚀 🚀🚀 🚀🚀 + +EDIT: This picture is not mine, I found this in twitter, but even so I AM NOT AFFIRMING THAT THE COMMERCIAL PAPERS ARE FROM EVERGRANDE, that are rumors, there is nothing confirmed, I know that tether said no, but they are liars with $ 980 million in fines + +I think it would be worth as TLDR + +https://preview.redd.it/w4v10qj33vy71.png?width=1237&format=png&auto=webp&s=d5d80a1d1e289a26e101e63065d3667b224e428e +EDIT: Wow! I am extremely humbled and gracious of all your enthusiasm in this topic. Thanks for everyone who stopped by and read the post and joined the conversation. Again, the idea for this post was to highlight the variance on the returns of RE investment vs. index fund, definitely not advocating one vs. the other. + + +I have been on this sub for a while and recently saw quite a few threads arguing about RE vs. Index, which is the better investment strategy. So I have decided to share my personal experience in this matter and I think my example is a good illustration of why this topic is so polarizing. I apologize in advance as this is somewhat of a long post + +The story begins towards the end of 2017, after seeing the big fat cut Uncle Sam took from our W2s, the missus gave me a mandate, "DO SOMETHING about this tax thing" (exactly her words). So I started talking to our accountant at the time and found out that besides pumping out another kid, the only option left would be to increase our mortgage interest. Our personal home was bought with a much high down payment than the usual 20%, and we were on a 15-year mortgage. The account suggests that we should just refi our mortgage to the maximum allowed for tax deduction (750K), and use the cash out to do some investing. After some calculations, the cash out would net us around 150K. So, after some discussion with the missus, we decided to go for it. + +After receiving our cash out of 150K at end of Jan 2018, we started our journey. At the time my thoughts were that either we invest it in index funds, or we invest it in real estate. I chose to invest in real estate because that's what I always wanted to get into. So I started researching, we live in a VHCOL city, and 150K for a 20% down payment can only land us a pretty average condo in where we live. So I decided to expand out, and at the time I figured 2 hr driving distance is the max I am willing to travel to. I also did more research to form my real estate investment strategy. I came up with: 1) only entry-level SFH without HOA, 2) at least 3 beds 2 baths, 3) high rent to price ratio, 4) city with growth. + +With this strategy, I checked every city and suburb within the 2 hr driving distance from where we lived and landed in a city about 45mins to an hr away. At the time, the average house that fits our criteria there is around 300K to 400K, so I was like sweet, I can get two rentals instead of one for my 150K. I picked a local realtor, and the search was on, about two weeks later, we got our first offer accepted, and about 3 weeks after that the 2nd offer landed as well. + +We should call these two properties Rental A and Rental B. Both are 4/2s, both have similar sq ft, but A is in the middle of the city, prime location, and B is in the outskirts of the city but has twice the land. A closed at 360K (72K down), and B closed at 365K (73K down), so the two properties started out in pretty much the same spot in numbers. At the time I felt that we landed A at around market price, and B at a discount due to the land size. Both properties were move-in ready, so we really didn't do much except cleaning before renting them out. Start from the beginning I wanted to hire a property management company, since we are newbies to this whole thing, and we really don't have time to handle the day-to-day. Our agent recommended us a management company, and we checked their reviews online and decided to go with them. We were actually pretty lucky in that we rented out both units just days after closing (it is a great rental market, and that was the main reason I picked this city). + +So below I will list out the numbers in detail, up to March 2021, I will explain why this date later. (I try to include everything I can think of, but if I missed something please feel free to let me know). + +--- COST --- +Mortgage: Both houses are financed on 20% down, 4.6% interest to start. I did, however, refi both places in 2020 to 3.6% interest rate (I know I know, I jumped the gun too early, should have waited a few more months). Pulling all the numbers from my amortization schedule +A) $52,090.98 +B) $51,340.08 + +Financing closing cost: $6000 for each (initial plus the refi in 2020) + +Property Taxes: again pulling from city records. +A) $12,813.00 +B) $12,993.00. + +Insurance (Landlord Policy): $600 per year, or $1800 total for both. + +Warranty: $500 per year, or $1500 total for both. (I am slowly coming to the idea that warranty is not so great) + +Maintenance: small ticket items are covered by the warranty, so only big stuff here. +A) New roof ($5000), and new fence ($2500), all happened this year, I knew that going in the house needed new roof and fence, so this was expected, the only mistake was waiting till this year, as the material cost were through the roof. + +B) Brand new HVAC ($6000), the HVAC was not working upon inspection, tried talking to the seller and he told my agent to "Suck it up and grow a pair, bitch" (exactly his words). So we had to eat this cost. + +I also tag along $1000 for misc cost for each house, but in reality, this should be much lower. + +Finder Fee: the property manager includes one time $450 finders fee for each new tenant. +A) 3 tenants, total $1350 +B) 1 tenant, total $450 + +--- INCOME --- +Rent: Rent was pretty consistent, rental A had 3 tenants, but it's one after another, so the total vacancy is around one month. We also got lucky with one of the tenants being an insurance tenant, and they paid double the rent during their short two-month stay. Rental B only had one tenant ever. We did do a 5% rent increase every year, but we did not raise the rent during the pandemic. Also, fortunately, our tenants never stopped paying rent during the pandemic as well. The management company charges a 7% management fee monthly, so the numbers here are after the fees. +A) $69,099.00 +B) $69,192.00 + +Equity: again, pulling numbers from the amortization schedule. +A) $15,001.15 +B) $14,803.42 + +--- Capital Gain --- +Here is where the number gets fuzzy because I still own both places. According to Zillow, A is at $513,000.00 in March 2021, and B is at $561,900.00 in March 2021, Redfin has both of them at higher numbers. I did talk to my agent, and he confirmed that the way people are bidding in that area, both places will sell way over whatever Zillow/redfin estimates are. But, I did do a cash-out refi on both properties in March 2021 (this is to finance the expansion of my rental portfolio), the appraisal by the bank came back at A) $480,000.00 and B) $550,000.00. So to be conservative, I will be using these numbers for this exercise. + +--- Return Calculation --- +Now, remember, we started with A) $72,000.00 and B) $73,000.00 of cash. If we add up all the capital gains and income, subtracting the costs, we will get 66.73% return for A, and 157.41% return for B. However, just to be more precise, let's tag on a theoretical 6% closing cost to the mix (selling index fund has no closing cost, but selling houses does). By this calculation, the return for A is only 26.73%, and return for B is 112.21%. Now, if I invested this total of $145,000.00 back in Mar 2018 all into VTI, I should be getting a 47.14% return. + +--- Side Note on time spent --- +This is not included in the calculation of the return, but I still want to include it here. This whole process takes time, and time is valuable too. I probably spent 1.5 months doing researching, looking at houses, closing, etc. But since I have a property manager, I barely spent time on the rentals afterward. I can probably count the number of email exchanges I have had with my PM in two hands. The number of times I visited that city after I closed the properties is zero. I spend 5 minutes every month checking on the summary and deposit that the PM sends me, and that's pretty much it. + +--- Conclusion --- +Looking at my conservative estimates, rental A underperformed the index, while rental B outperformed the index. I think, the reason that RE vs Index is so polarizing is precisely because there is soooo much variance in RE investments. I have two properties, in the same city, bought with the same price, and yet the return was vastly different. Imagine people's experiences in different cities, states, or even countries. Another reason is access. If I recommend someone to invest in VTI, anyone living in US can do it in a heartbeat, but if I recommend someone to invest in RE, it's going to really depend on the person's location. Not everyone is willing to travel outside the state, or even outside the city they live in. With index, everyone is playing the same game, but with RE, the game is different for everyone. +Lets have one thread for all the discussion. + +Appreciate there will be some political commentary but please keep it relevant, polite and non-abusive. If it gets too political posts/threads will be removed at mods discretion. +25 y/o F trying to start saving for retirement and save money just in general. I have a full time job that doesn’t offer a 401k. I wouldn’t say I’m the best with money and just barely stated saving money after i finished college and started making good money since i started working last August. Only have about 7,600 in my bank account between checking and personal savings. +**Edit 1: At the risk of exciting people for no reason, I certainly don't want to set expectations and crash them like how it is happened so many times. Please, instead, see this as evidence that there is something** ***very*** **wrong about GME.** + +**Edit 2: The title should be IMPLIED volatility. Sorry, folks. Was just trying to get this out fast.** + +**Edit 3: Some folks are saying this is IV counteracting theta decay. I don't think this explains the .1/.2% jumps I'm seeing nor does it explain that it'll be likely 2000% tomorrow morning at this rate. The inputs in the IV formula must still be massive. Why is this trivial? Or... is it?...** + +**Edit 4: By popular request, the IV is now 1,238%.** + +IV is the highest I've ever seen on any option, and rising faster than on any option I've seen. + +That means, generally speaking, the market is anticipating a 2000% move in GME by April 16th, tomorrow up or down. How the fuck is this possible - yet trading sideways all week. + +Obviously, this is absurd. But this is NOT a prediction. THIS IS DATA; DATA DOES NOT LIE UNLESS IT IS FRADULUENT. Someone with a strong background in options/IV should help explain this. The most bizarre thing out of all of this is that GME does nothing tomorrow with a 2000% IV or higher on its highest OTM contract. Given what we've seen, it's possible it does nothing. But, I would highly question if that flat movement is authentic. + +The last time IV reached 1000% on GME options was back in January (IV was already in the 900's today for the 800 C's). See here: [https://blog.orats.com/1000-implied-volatility-in-gamestop.-what-does-it-mean](https://blog.orats.com/1000-implied-volatility-in-gamestop.-what-does-it-mean). + +*I also want to note that I saw IV rise in GME AH last weekend. It jumped from 400 to 600%. I also want to point out I saw IV rise in other options too on different securities, but it was incremental compared to GME in the AH. So there is nothing inherently unusual about an AH IV rise. It is, rather, the PACE at which this is occurring.* + +I'm seeing this on Robinhood. + +Definition of IV: "Implied volatility is a metric that captures the market's view of the likelihood of changes in a given security's price. Investors can use it to project future moves and supply and demand, and often employ it to price options contracts." Visit: [https://www.investopedia.com/terms/i/iv.asp#:\~:text=Implied%20volatility%20is%20the%20market's,higher%20premiums%20and%20vice%20versa](https://www.investopedia.com/terms/i/iv.asp#:~:text=Implied%20volatility%20is%20the%20market's,higher%20premiums%20and%20vice%20versa). + +More on whether time to expiry affects IV; overall, it does, but it should negatively: + +"Another premium influencing factor is the time value of the option, or the amount of time until the option expires. A short-dated option often results in low implied volatility, whereas a long-dated option tends to result in high implied volatility. The difference lays in the amount of time left before the expiration of the contract. Since there is a lengthier time, the price has an extended period to move into a favorable price level in comparison to the [strike price](https://www.investopedia.com/terms/s/strikeprice.asp)." + +[https://www.investopedia.com/terms/i/iv.asp](https://www.investopedia.com/terms/i/iv.asp) + +"Another factor that impacts the volatility rating of an option is the time left to the [expiration of that option](https://optionstrategiesinsider.com/blog/understanding-an-options-expiration-date/). If there isn’t enough time left before expiry, then the implied volatility will be low. In contrast, more time means a higher probability of a fluctuation in the option’s price." + +[https://optionstrategiesinsider.com/blog/what-is-implied-volatility-and-why-is-it-important-in-option-trading/](https://optionstrategiesinsider.com/blog/what-is-implied-volatility-and-why-is-it-important-in-option-trading/) + +[5 seconds later....](https://preview.redd.it/n88eezby3ft61.png?width=784&format=png&auto=webp&s=2f7b216a282fb4789e6261a93b18943fa2851fae) + +https://preview.redd.it/rszjpwzx3ft61.png?width=687&format=png&auto=webp&s=215506d1d6512ec3ba2bed550f3ec28cbfa69c5b + +**That's .10% increase in 5 seconds.** + +Not financial advice! + +Top Critique: + +"***Nothing is changing. This is just theta decay.*** + +*You have to remember that IV is a dependent variable, not an input. So its backed into based on the price (and black Scholes formula).* + +*What you’re likely seeing is the impact of theta decay. Price stays the same but theta is decreasing, so in order for it to stay at that same price (since markets aren’t open) the IV must be going up.* + +*This is only happening because market isn’t open and price isn’t changing with theta decay.* + +*Nothing to see here."* + +u/[NewHome\_PaleRedDot](https://www.reddit.com/user/NewHome_PaleRedDot/) + +See WardenElite's comment below. + +&#x200B; +Here's a list of some of the datasets that might be relevant, I can also add anything on my [site](https://www.quiverquant.com/): + +[Stock trading by US Senators](https://www.quiverquant.com/sources/senatetrading) + +[Gamestop Twitter followers](https://www.quiverquant.com/sources/twitter/GME) + +[SuperStonk active users](https://www.quiverquant.com/) + +[Moves by whales](https://www.quiverquant.com/sec13f/tickerGME) + +[Moves by insiders](https://www.quiverquant.com/insiders/GME) + +[Off-exchange trading](https://www.quiverquant.com/offexchange/gme) + +[Fails-to-deliver](https://www.quiverquant.com/sources/ftd) + +Let me know what you think you'd be most interested in receiving daily updates on, and I'll probably throw together a handful of the top choices. As always, thanks for the feedback! +I'm an analyst and python developer and have been interested in trying to build an algo bot for fun and learning. I love playing with pandas and graphing libraries. I really love Flask. + +Is it possible to make money with just a simple bot that watches like RSI / MACD/ Bollinger bands on something like SPY, and buys and sells when limits are reached? Or do bots need to be much more complex? I'm just trying to gauge what's possible. + +I'm not a super-mathlete, so that has me a little concerned. But I know my way around Python and have been data wrangling / making dashboards for a long time. + +I'm looking at using pandas-ta for the TA. + +Thanks for any insight and advice. +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! +[https://business.financialpost.com/personal-finance/family-finance/laid-off-at-53-former-manager-wonders-if-seven-figure-savings-will-sustain-a-40-year-retirement](https://business.financialpost.com/personal-finance/family-finance/laid-off-at-53-former-manager-wonders-if-seven-figure-savings-will-sustain-a-40-year-retirement) + +Xpost from /r/calgary + +This guy is right on the cusp of needing to go back to work. Some belt tightening should get him through retirement, but if his savings were just a bit higher, i bet his stress would be a lot lower. Good example of where FI would be a huge benefit. +BACKGROUND: I am a 32F first generation immigrant whose parents stereotypically pushed me into a career in medicine. I was never passionate about healthcare but, out of my own sheer ignorance/laziness, never bothered to research other career fields to my own detriment later in life. I was always a good student, though never enjoyed school. College premed sucked. Hated med school. Residency brings back only bad memories. And for some reason, I thought that if I could just push through it all, that maybe I would eventually come to enjoy being a doctor once I passed the “training phase” and could actually begin practicing. Surprise, surprise: I was wrong. Here I am almost 2 years into working at a hospital and I hate my job now more than ever. This week, I officially put in my resignation and couldn’t be happier! + +FINANCES: had a full-ride merit-based scholarship for college and paid off 150k in medical school debt by the end of residency through my own savings from working during college and living extremely frugally as a resident doctor on a 65k salary. My salary now is ~350k. I was lucky to find a partner early on in life who had the same frugality mindset and FI’d when he turned 38. Together over the years we’ve accumulated several sources of semi-passive income (no income can ever be truly passive IMO) including: 4 multi-family properties, 2 dropshipping businesses which he continues to manage remotely part-time with the help of virtual assistants, 2 single-family Airbnbs that we arbitrage and do not own, and 2 cars that we rent out on various car sharing services. + +LIFESTYLE: We live in a LCOL town and together spend around 1k/mo. We live very frugally and achieve this by: living in a duplex I own through a physician loan ($0 down, low interest) where the tenant’s rent covers our mortgage and utilities, rarely buying new (used hybrid cars which saves us on gas, thrift stores for clothes/books, facebook marketplace for basically everything else), and couponing for groceries and household items. Our greatest passions in life are food and travel. We’ve mostly figured out the traveling part and are able to take most of our trips for pretty cheap or free through credit card hacks and points churning, but have not figured out the food part yet. Our vice is fine dining and this is the one expense I will never be willing to give up. $800 for a Michelin star sushi dinner is my idea of a perfect night. Though we do enjoy cooking most of our meals, I don’t hesitate to splurge on eating out either. + +WHY I QUIT: The goal was for me to work at least 5 years. A year into it, I’d already felt so burnt out, had bad anxiety from dealing with patients throughout COVID and couldn’t sleep most nights, had a horrible boss who made me realize what a toxic environment healthcare could be, and just absolutely hated coming into work every day at 5am. I then became pregnant and decided I could no longer stay for the sake of my mental health. The money was virtually meaningless because paychecks would just get deposited into my brokerage account and we hardly spent any of it, so ultimately fancy raises and bonuses gave me very little instant gratification or incentive to keep going. Financially, it is a dumb move to quit 3 months prior to giving birth and kiss goodbye to my excellent employee healthcare benefits, maternity leave, and what would have been free daycare through programs at work. Financially, it is an EVEN dumber move to spend 1/3 of your life pursuing higher education, accumulating and paying off massive amounts of debt, only to throw in the towel before you even reach any sort of full earning potential to get back a good ROI. I battled with self loathing and feeling like a failure and, admittedly, am still struggling with this (though getting better with counseling), but I’ve come to accept that medicine was never the right career for me. My parents are VERY disappointed in my decision and unfortunately our relationship is quite strained because of this, understandably so seeing as they came to this country with nothing and worked tirelessly to provide me better opportunities in life, but please learn from my mistakes and know that it’s never too early or too late to make a change in your life that you feel in your heart is right. As a lawyer once put it, “I always hated law but my family/friends convinced me at 30 y/o that I’d regret it if I quit seeing as I’ve already invested far too much time and energy into it, so I listened and stayed, and here I am nearing 60 years of age and hated every single minute of it.” + +FIRE: My partner and I plan on living on 2k/mo, though we’ve budgeted for up to 4k/mo. We plan on drawing mostly from our semi-passive income streams and just letting our index funds, crypto, IRA/etc (which total around ~500k) hang out and compound. We love the idea of geo-arbitrage and second citizenship and plan on living abroad/traveling for 6 months out the year. For healthcare, we are signing up for Obamacare Silver w/ HSA. Will update on how this goes once baby comes. Most frequent question I get from people when I tell them we are FIRE-ing is: so when do you plan on going back to get a real job? Or, you’re not seriously thinking of never being a doctor again are you? The answer is, I will be willing to do anything to make a living BUT go back to medicine. Maybe 1.5 years isn’t nearly long enough to say I’ve given it a fair shot, but almost any other career feels more palatable to me at this point. I would love to learn how to code, or work in the hospitality industry, or even just do seasonal odd jobs, but right now I am simply content with the idea of RE for RE sake :) + +**EDIT:** I felt the need to say this due the MOD’s intervention regarding the sexism in this thread. I expected the typical “you’re stupid for leaving” because I get this all the time in real life anyway (albeit in a much nicer tone) but the amount of comments about me retiring so I leach off of my partner’s hard work and income is ridiculous. Let me clarify this for people who have questions about our income streams: + +My partner and I split all of our expenses evenly. People clearly ignored the part where I say that I am the one who OWNS the home we are living in through my physician mortgage. I own 2 of the 4 multi-family properties. I purchased the first one (a 4-unit 8-bd apartment) through an FHA loan during residency which I could afford at only 3.5% down, and the second (a duplex where we currently live) when I started my first job. We have property managers for the 3 homes that we don’t live in and collect rent passively. He owns the 2 dropshipping businesses but plan to sell these next year so we can have less things to manage. I own and manage the 2 cars (1 purchased during residency and the other purchased when I started my first job) which I rent on Turo and HyreCar. I also run our 2 Airbnbs where I worked out an agreement with the owner of the properties and pay him significantly more in rent each month than he made using them as traditional long term rentals. Combined, our NW is about 2.5 million (properties+businesses+stocks). We CHOOSE to live on only 2k/mo because we are frugal by nature and actually enjoy many aspects of living frugally, but you can do the calculations yourself to see that we have more than enough cushion to draw from should we ever choose to do more with our money. To those saying it’s not possible to enjoy Michelin star dinners, we don’t do this every day obviously, and because we keep our normal expenses so low (close to $800/mo if we remove”food” expenses since we don’t pay for rent/utilities/car), dining at expensive restaurants more than fits into our budget and we do go somewhere nice (maybe not Michelin-nice) at least once a month. + +**TL;DR: Not only do I make more money than my partner, I run as many side hustles as he does while also being pregnant and working a full time job (he is already FIRE). We split our expenses evenly and there is no leaching off of anyone. Before you assume that the woman in the relationship is always the lesser contributor, maybe check the date on the calendar and realize we are living in the 21st century now.** +[https://www.cnbc.com/2022/09/21/the-fed-forecasts-hiking-rates-as-high-as-4point6percent-before-ending-inflation-fight.html](https://www.cnbc.com/2022/09/21/the-fed-forecasts-hiking-rates-as-high-as-4point6percent-before-ending-inflation-fight.html) + +So the Fed now wants to hike to 4.6% and keep it there through 2023! + +That's a lot higher than the 4% expected and will certainly affect the economy a lot harder not just in the short term but also next year and beyond. + +Borrowing rates for consumers and companies will go up much higher and stay high which obviously will hurt spending therefore slowing down growth. + +Higher rates means for most companies it becomes a lot more difficult to borrow money to finance further growth hence companies are preparing for the slowdown and scaling back. + +Also the variable rate debt lots of companies have accumulated over the past years of easy money will really start to hurt now as this type of debt is linked to rates. + +It's important to understand this is not just a short term effect. Rate hikes have impact on companies many quarters after they take affect. Most talking heads in the media but also permabulls here on reddit seem to ignore that and just keep talking up the markets so beware. A short term rebound does not mean it can't go lower afterwards! + +Would not be surprised to see another short bear market pump before it goes much lower again once companies start revising their earnings forecast to the downside. + +Powell trying to talk up the markets afterwards clearly doesn't help anymore. He should stick to what FOMC members have decided instead of trying to give it a "rosy" spin. + +Final point, so we now have a problem in the housing market, credit market (too much borrowing going on) and in the equity markets (earnings compression coming). Not sure how that combo will end but don't have a good feeling about this. Hope this won't be 2008 all over again or worse. + +That's in a nutshell what the Fed decided today and its future impact on the markets. Stay careful and don't be a mindless sheep. +For the past couple of months Ive been working on a bellwether indicator for the stock market. I used insights from behavioral economics, an alternative dataset and AI to turn this in to practice. Below I worked out the thought process behind the indicator which I wanted to share and bounce ideas off. + +&#x200B; + + The thought proces behind the indicator is divided in to the three components already mentioned, a behavioural psychology part, an alternative big data part and the AI part. Or just scroll down to see the final result compared to the S&P 500. + +**The psychology part** + +The fact that you are more cautious when you just witnessed an accident is called availability bias in the school of behavioural finance. It describes the notion that people judge the probability of something happening more likely when an example more easily comes to mind. So for example you probably overestimate the probability of a shark attack when you have just read about in the news. You could argue that the same goes for economic principles. People are more likely to believe inflation is coming when the news is full of it. Or that a recession is coming when everyone is tweeting about it. Or that a stock is going up when its all over Reddit. Point is that news can drive the market, rather than just report or follow on it. In this respect also the recent work of Nobel Prize winner Robert Shiller is relevant. His book Narrative Economics describes how stories can propel economic events. But how can one assess what people are reading, or what news they are exposed to? This is where alternative data and AI play their part. + +**The alternative data part** + +Traditional finance data is usually nice to work with, it is clean, nicely structured and most data is readily available. Unfortunately that is also it’s drawback, since everyone is looking at it, it is hard to gain an edge. Alternative data however usually is instructed and messy, but it is unique. One of the largest alternative data sources is the internet. Terabytes of data are generated every minute and with this indicator we want to take advantage of that. + +Therefore I created a dataset with financial news articles from well know websites, financial tweets and other sources of financial news combined to one large dataset with unstructured alternative data. With this data we can see to what news investors are exposed to. And here is the cool thing, if we think about our behavioural flaws discussed in the first part, we can make a prediction as to where investors’ availability bias is headed to. Put differently, is we know if investors are reading more negative or positive news, we can try to predict if their investment decisions will be positive (i.e. long) or if they will be negative (i.e. short). Unfortunately going through all this data and seeing for every news article, tweet etc whether it’s positive or negative is quite undoable. But here is the good news, we can let a computer do that and that is where the AI part comes in. + +**The AI part** + +AI is getting smarter and smarter almost daily it seems. And more importantly, big AI libraries are available to everyone with a computer running Python. Google (TensorFlow) and Facebook (PyTorch) are so kind to make their AI libraries open source, which puts some really powerful tools at the tips of your fingers. In this case we will let AI do two tasks: + +\- Read headlines (ML zero shot sentiment classification) + +\- Predict returns over a certain horizon + +For this paper we will only discuss the first task, the next one is for another post. + +To summarize the first two steps, first we discussed how people are influenced by what they read, second we showed that with alternative data we obtain what they read. The next (and hardest) part is actually reading and classifying. Since we have about 1000 daily news articles we have to let a computer to this, which we do by means of AI/Machine learning. We can use a model that is trained to classify a string of text as either optimistic (scoring it with a max of +1) to pessimistic (scoring it with a minimum of -1). How we do this is quite technical and will be explained in a different post, but the end result is a dataset of more than a million articles classified from +1 (optimistic) to -1 (pessimistic). Now the final step, checking whether the theory we proposed in the first part holds any truth when checking the data. + +**Tying it all together** + +So to recap, academic research shows how news can influence investor sentiment, we have alternative (big) data that contains all this news, and we have a computer that can interpret that news faster than any human can. You can check out how this graphically looks on: + +[https://www.alternative-analytics.eu/indicators/](https://www.alternative-analytics.eu/indicators/) + +&#x200B; + +The dashed line shows the S&P500, the other one our sentiment indicator. The vertical axis shows sentiment (negative to positive) and the horizontal axis is time. You can clearly see how sentiment was already decreasing before the market collapsed under COVID fear. Interestingly you also sentiment improving before the market recovered. So at the least we can see from that this plot that there is a relation between our indicator and S&P stock prices. This shows how new technology and improvement in AI is giving us a new way for looking at the market. +This isn’t a shit post, bear with me and use the link at the bottom for proof of my reasoning. + +I’m going to keep this short because the link I’m providing will help shed light on the topic, but essentially there is this belief that Cardano is going to kill Ethereum and dramatically change the Crypto space, but most of this belief is based on people making faulty assumptions without backing it with research, a lot of overblown hype from retail investors on social media, and the love of Charles more than an actual analysis and understanding of Cardano. For example, they just now are discovering fee markets, which was covered in Ethereum's 1st 2013 whitepaper, and implemented for its first release in 2015. + +Use the link below that takes you to the page describing the many issues with Cardano and its tech. + + + +[cardano-node](https://github.com/input-output-hk/cardano-node/issues/3247) + + +Edit: This isn’t about whether or not investing in Cardano is good/bad or if it’s profitable or not. It’s about the tech behind the project being overhyped, but also not as good as people think + +Edit: Actually read the link attached +&#x200B; + +https://preview.redd.it/ojjd5ewm2g071.png?width=1024&format=png&auto=webp&s=103487b6a5c4f725cea969eeedc38d8f35cf031d + +Good Morning San Diago, + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/6yp9zngo2g071.png?width=680&format=png&auto=webp&s=8acbab1f1ec5ae24fb2c7b527b5bbfc4c4752ca5 + +# Did someone deliver mayo? + +Written by u/rensole + +So it seems that yesterday was a busy day at the Citadel HQ, there was a thread [here](https://www.reddit.com/r/Superstonk/comments/nhctbx/citadel_is_having_some_trouble_right_now/) showing a large police and fire trucks on the scene. There were some apes who were kind enough to hop on the train and even go there. + +What we found out: + +It was most likely a suspicious package that showed up, as some users already noticed that the fire trucks there were the ones with Hazmat suits in them (I didn't even know that there was a special version truck for this tbh), but as [/u/xsonusx](https://www.reddit.com/u/xsonusx/) mentioned in the comments; + + "Suspicious package called in earlier. Nothing going on at the building at the moment" + +&#x200B; + +https://preview.redd.it/qss27jwp2g071.png?width=640&format=png&auto=webp&s=8432cdc0c6ee73e920351f6403d7c4a9b11cffcb + +# OFFICIAL AMA- Lucy Komisar Part 2 - Monday, May 24, 2021 @ 4:30 p.m. Eastern + + + +This is the official AMA (Ask Me Anything) post for **Lucy Komisar (Pt. 2)**, who will be joining [u/Luridess](https://www.reddit.com/u/Luridess/) once again on [Superstonk Live](https://www.youtube.com/watch?v=wuPizlDY0Ys) for a one-on-one discussion, with questions influenced by and taken directly from [this post](https://www.reddit.com/r/Superstonk/comments/nhglmp/official_ama_lucy_komisar_part_2_monday_may_24/). + +Be sure to give the thread a read and leave your questions you have for her there, and if you've not seen part one you can view it [here](https://youtu.be/wKXWvEpnN34) + +&#x200B; + +https://preview.redd.it/kodqxcnq2g071.png?width=640&format=png&auto=webp&s=97f50305dc7fbf92fc637778e7dc19a5b0332f27 + +# DR BuRRRRRRY + +At this point everyone here has most likely seen "the big short" a couple of times, or even better, read the book. + +Well it seems that other stock subs are noticing that there is something big going on, most of the ones ask questions like "Is there even a stock with negative beta?" or they started to look into Dr Burry's findings, because well... the dude is smarter than all of us put together. + +[This thread](https://www.reddit.com/r/Burryology/comments/nga3as/margin_debt_archegos_capital_total_return_swaps/) goes over some of the findings and indicators Dr Burry uses to check the market, it's mostly about the margins debts and how Archegos was overleveraged and how that affects the rest, and how a market crash is very close. + +be sure to give it a read + +Also on the repo market (something you've undoubtedly seen mentioned a few times here now) here is a video of about 5 minutes explaining what Repo's are and what they mean and what they're for. + +[https://www.reddit.com/r/Superstonk/comments/nh9g0u/you\_may\_develop\_some\_wrinkles\_george\_gammon\_repo/](https://www.reddit.com/r/Superstonk/comments/nh9g0u/you_may_develop_some_wrinkles_george_gammon_repo/) + +&#x200B; + +[Can you smell that?](https://preview.redd.it/0j9nrhrr2g071.png?width=640&format=png&auto=webp&s=b6b47d56194563e63f6c34762a344eda64ad15b1) + +# 004 + +004 was the rule about members of the DTCC defaulting then the other members could buy up their stocks for pennies on the dollar before turning to open market, making sure they can profit off of other defaulting members. + +Also a thread was made in update for the 005 here: + +[https://www.reddit.com/r/Superstonk/comments/ngwhzu/where\_is\_srdtc2021005\_the\_update/](https://www.reddit.com/r/Superstonk/comments/ngwhzu/where_is_srdtc2021005_the_update/) + +the user had some personal interaction with the SEC/dtcc on where the hell it is. + +It comes down to "we're on it" but again read the thread itself. + +&#x200B; + +https://preview.redd.it/vtu3vent2g071.png?width=640&format=png&auto=webp&s=51c287a3be33ca64294f019e0811a4d8ee4388c0 + +# Robbin da hood + +Over the last few days we have seen a lot of different posts coming up about robinhood giving weird statements, showing that people who are transferring out of RH (and to Fidelity or another one) they get statements showing all their shares were fractional shares bought at times and prices that don't match up with what is going on right now. + +I remember a member having XXX shares but their cost basis was around 1.3 million, while they didn't spend anywhere near that, or people having single shares bought around the 600 mark and the ATH of the stock was below 500. + +Now there are multiple ways to explain this. + +1) something deep dark and sinister is happening, users have speculated that RH is buying them off of Citadel at inflated prices, meaning they're using this to stave off a margin call + +2) Robinhood's system is just bad and fucked up. + +3) Robinhood is buying them from darkpools, and seeing the stock is getting harder and harder to come by they are asking for higher prices. + +&#x200B; + +For me personally I think it's number two, Robinhood has shown to be incompetent on multiple accounts and times, whenever crypto goes up their system goes bust and have an "unexpected planned maintenance", transferring out does not go as smooth as it should for some members, this all leads me to believe that RH's tech stuff has been a shitty system at best, and no one expected a mass exodus from their platform and their system is not equipped to handle this, ending in lots of errors. + +No matter the case be sure to keep your receipts in case the IRS ever comes knocking so you can show your actual cost basis and amount of shares. + +&#x200B; + +[https://www.reddit.com/r/Superstonk/comments/ngx2ag/hypothesis\_robinhood\_is\_currently\_buying\_the\_gme/](https://www.reddit.com/r/Superstonk/comments/ngx2ag/hypothesis_robinhood_is_currently_buying_the_gme/) + +[https://www.reddit.com/r/Superstonk/comments/ngkrg3/proof\_that\_rh\_had\_to\_scramble\_to\_find\_shares\_when/](https://www.reddit.com/r/Superstonk/comments/ngkrg3/proof_that_rh_had_to_scramble_to_find_shares_when/) + +[https://www.reddit.com/r/Superstonk/comments/ngun6e/proof\_that\_rh\_scrambled\_to\_find\_shares\_during\_my/](https://www.reddit.com/r/Superstonk/comments/ngun6e/proof_that_rh_scrambled_to_find_shares_during_my/) + +[https://www.reddit.com/r/Superstonk/comments/ngw2xo/i\_just\_fully\_transferred\_out\_of\_robinhood\_to/](https://www.reddit.com/r/Superstonk/comments/ngw2xo/i_just_fully_transferred_out_of_robinhood_to/) + +&#x200B; + +https://preview.redd.it/i2rsf0bv2g071.png?width=640&format=png&auto=webp&s=e79d83a4e5459aecc4e4104c2d3d5a1ecd6ce33e + +# Weird transactions for the past few days + +3 days in a row weird transactions have been happening, this was found out by the german sub r/Spielstopp but still need to look into this on it's validity and not sure what this could possibly be or mean perhaps some smarter apes here could take a look and find out what it could possibly mean. + +[https://www.reddit.com/r/Spielstopp/comments/ngfhuw/dritter\_tag\_in\_folge\_324106\_aktien\_blocktrade\_auf/gytoixh/?context=3](https://www.reddit.com/r/Spielstopp/comments/ngfhuw/dritter_tag_in_folge_324106_aktien_blocktrade_auf/gytoixh/?context=3) + +&#x200B; + +https://preview.redd.it/z56lpl8w2g071.png?width=640&format=png&auto=webp&s=457e8f3a80eb0e3a7d31c732e579a1266ec7e2fc + +# The best for last + +**GO VOTE**, again check [this](https://www.reddit.com/r/Superstonk/comments/nhc8x4/dont_be_lazy_and_think_enough_people_will_vote/) thread. + +READ IT, AND GO VOTE. + +if your broker does not let you vote, nag them, keep asking them until you can. + +&#x200B; + +https://preview.redd.it/0ix29mpx2g071.png?width=554&format=png&auto=webp&s=3f932bb7568a04d509df8ee6e9a3b40f28705901 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + + + +https://preview.redd.it/lw9bhlpy2g071.png?width=400&format=png&auto=webp&s=01ae7ba1aaa556b264c954358f21b3fdbfd242c3 + +Remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + [https://www.cnbc.com/2019/10/11/ebay-drops-out-of-facebook-libra-cryptocurrency-one-week-after-paypal.html](https://www.cnbc.com/2019/10/11/ebay-drops-out-of-facebook-libra-cryptocurrency-one-week-after-paypal.html) + +&#x200B; + +>EBay, Mastercard and Stripe both announced Friday they will no longer be part of Facebook’s libra cryptocurrency project. +> +>The news comes one week after PayPal announced its withdrawal as government regulators continue to scrutinize the plans. +> +>Facebook CEO Mark Zuckerberg is set to testify on the currency at an Oct. 23 hearing before the House Financial Services Committee. +Hey r/Superstonk ers + +You've probably seen a lot of incidents over the last few months of huge blockchains / sidechains 2 platforms losing users' hundreds of millions of dollars. **For a public company like GameStop, an incident like this is completely out of the question.** + +We've seen the impact that closed or opaque financial systems can have on everyday end users. Incumbents and banks win. Everyday people lose. + +Our CTO spent the last week typing up this article on the security of a few major L1 / L2 platforms which focus on NFTs. [https://immutablex.medium.com/a-guide-to-nft-platform-security-30d7129cedd3](https://immutablex.medium.com/a-guide-to-nft-platform-security-30d7129cedd3) + +Security is incredibly tricky, but it's of paramount importance to us at Immutable - and we think it's incredibly important that everyone knows that their assets and funds are secure. The whole point of decentralization is to empower people with true ownership and financial sovereignty - that no one, including bad actors, the government, or nefarious actors can take. + +Would love to take thoughts / questions in the comments and help share further. + +Robbie ([0xferg](https://twitter.com/0xferg)) + I know there have been a lot of posts about NOK recently across several different subreddits, but I recently did some due diligence on the the stock and wanted to share my findings. + +I originally had a lot of links in this, but it led to the post getting auto-removed. Let me know if you would like any sources. + +# History of Nokia + +If you've seen any of the recent Nokia posts over the last few months, a common comment you will see is: "Nokia?!? That stock has been trading sideways for years!" + +While yes that is true, it is important to understand why. Let's take a look. + +**2000-2013** + +Nokia dominated the mobile phone market during this time due to a quality handset. NOK traded in the $50s during the Dotcom bubble and in $30s before the housing crash. However, they never recovered after 2008 due to struggling to keep up in software as the mobile phone market started to shift to smart phones. + +**2013-2019** + +When Nokia realized that trying to stay in the phone space was a losing battle they sold their phone division to Microsoft in 2013. For the next 3 years, Nokia was a large company in disarray. + +This did not get much better in 2016 when they acquired Alcatel-Lucent and decided to focus on networks. The merger did not go as smoothly as planned and over the next 5 years Nokia started "trading sideways" due to a bearish sentiment. + +Some investors stuck around through all of this due to a dividend being paid out, but that was suspended in 2019 so Nokia could focus on developing its 5G mobile networks. This dropped the share price down to $3.50. + +**2020-Present** + +In March 2020, sentiment started to change somewhat bullish as they announced Pekka Lundmark would be taking over as CEO. Pekka worked for Nokia for a decade in the 90s and most notably served as Fortum's, a Finnish state-owned energy company, CEO from 2015 to 2020. + +The bullish sentiment was shorted lived due to the pandemic crash dropping the share price to $2.42. It started to pick back up over the summer when it was announced that Pekka would take over a month earlier than planned. + +This was followed by rumors that there was a chance Nokia could win Verizon's $6 billion 5G deal. Hype around this brought Nokia's price above $5 for the first time since they suspended their dividend in October 2019. But in September, it was announced that Samsung won the Verizon deal and NOK fell down to $3.78. It fell even further to $3.37 in October when the rest of the market saw a down swing. + +Then it climbed back up to the low $4s, had a crazy January hitting $9.79 for about 10 seconds during to the meme stock frenzy, and has since returned to the high $3s low $4s after the Q4 earnings call. + +**Q4 Earnings Call** + +So what exactly did happen during that earnings call on 2/4/21? Why did it hurt NOK's price? + +A lot of people blame Pekka messing up the call with some pessimistic word choices, most notably the word "challenging." Why would he say this? + +It may just be his straight forward personality. It might have been an intentional sandbag so he can control future expectations. It may because Nokia prides itself on being on ethical company. I think it was probably due to a little bit of all of the above. Pekka using this language was not surprising. He said the exact same thing during the 2020 Q3 earnings call. + +So the rumors that Nokia may blow it out of the water during their Q4 earnings were unwarranted. Nokia did beat their expected earnings, but because of a decrease in year over year revenue, people overreacted (just like they did when Samsung won the Verizon deal) and sold their Nokia positions. + +**Pekka's Tenure** + +Pekka has been in charge for 7 months during a global pandemic, but he has been able to make some progress it appears. Much of this information can be found in the Nokia 2020 Annual Report. + +* He trimmed their employee size by 11,000. +* He improved their free cash flow to $2.6 billion. +* Even with the decrease in revenue he nearly doubled their operating profit (page 82). +* He drastically reduced their net deferred tax balance (page 175). +* He created four distinct business groups with plans for these groups to be shared in more detail during during Capital Markets Day on 3/18. +* He replaced Nokia's CFO, CTO, and CMO (CFO happened before he took over) +* It appears he issued new shares to leadership. +* Pekka has a stake in the company (page 67 of annual report) with a long term goal to "Focus on increase in share price and restoration of the dividend". + * " In addition, Mr. Lundmark received an award of EUR 1.3 million of restricted shares on joining to buy out the awards he forfeited on leaving his previous employer. Mr. Lundmark was invited to join the co-investment based long-term incentive arrangement (eLTI) targeted to engage senior leaders with the long-term nature of our business and share price, and purchased EUR 2.6 million of Nokia shares against which he was given a matching award of EUR 5.2 million of Nokia 2020 performance shares. This investment by Mr. Lundmark aligns him with shareholders from the start and is a sign of his commitment and engagement with the company. Delivery of actual Nokia shares would take place in 2023 subject to performance conditions" + +# Bullish + +Here is a list of 28 deals and partnerships Nokia has established since December 2020. Some of these deals are not massive, but they span across 6 continents. + +**Largescale Network** + +* 5 year Multi Billion Dollar T Mobile Deal +* 7 year Belgium deal +* Deutsche Telekom in Germany +* France's Mainland 5G Network +* 5G Network in Austria +* Telecom Italia +* Cibicom ISP in Denmark +* Polkomtel Phone Provider in Poland +* Telenor Group in Thailand +* Ooredoo in Algeria +* 5G Network in Philippines +* Tele2 in Sweden, Latvia, Lithuania, and Estonia +* Ecuador +* Vodafone in Australia +* Saudi Arabia +* Singapore + +**Private 5G Deals** + +* San Diego Gas &amp;amp; Electric Private Network +* Port of Seattle +* Japanese Companies Conexio, Hitachi Kokusai, Nippon Steel, Omron and Sharp +* WEG Motor Manufacturer in Brazil +* Elisa in Finland +* Optus Stadium in Australia + +**Partnerships** + +* Google Cloud +* EU's Hexa-X 6G Project +* Brazil's Telecommunications R&amp;amp;D Center +* AT&amp;amp;T tests to deploy virtualized and open RAN +* Patents deal with Samsung +* LG Uplus trial in South Korea + +**5G is the Future** + +The confusing nature of 5G could be holding back the market's valuation of Nokia. + +* Nokia is currently trading at a market cap of $22-23 billion even with a 2020 revenue of $24 billion. +* A letter that Pekka recently published gives a decent explanation of what 5G is. + * In it, he admits "\[5G\] is exciting, but it can seem a bit abstract." But then goes on to describe some real world examples that really helps explain it. + * "Our partners saw unanticipated breakdowns and production line defects drop by 30% after installing smart video sensors in our manufacturing deployments. In the logistics sector, deploying augmented reality devices cut machine monitoring costs by half. In ports, remote-controlled cranes doubled productivity and eliminated staff injuries: an incredible 100% drop." +* This seems to suggest that there may be more uses for 5G worldwide than cellular networks. +* Nokia released a study stating that 5G could have an $8 trillion impact on global GDP by 2030. +* Nokia and Ericcson may have a duopoly on 5G with Huawei and ZTE being banned in many countries. This trend may continue. +* Some analysts have predicted massive (&amp;gt;1,000%) growth in the 5G market over the next 5 years. + +**Upcoming Events/Rumors** + +* **Capital Markets Day (3/18/21)** + * This is when we will get some true guidance on the future of the company. Not only will they lay out the strategic business plans for their 4 business segments as I mentioned above, but it should be when they make announcements toward potential a Dividend Reinstatement, Share Buyback, and future R&amp;amp;D decisions. +* **Annual General Meeting (4/8/21)** + * Not sure what they plan to cover during this, but I would assume it will act as a follow up to Capital Markets Day +* **Dividend Reinstatement** + * Most signs point to Nokia investing in R&amp;amp;D for a while, but based on Pekka's compensation package it should be back by 2023 at the latest. +* **Share Buyback** + * Nokia did buy back 1.25 billion shares in 2015-16 and 1 billion shares in 2016-17. So the rumors they plan to do this again could be true. They can purchase up to a total of 550 million shares both this year and next year. 550 million because it correlates to 10% of the companies total outstanding shares. + +# Bearish (Risks/Cons) + +* The meme stock frenzy has a long-lasting impact on the opinion of this stock. +* The dividend is not reinstated for another 3+ years. +* Pekka does not have what it takes. Nokia is a sinking ship and cannot be turned around. +* FCF is used solely for R&amp;amp;D and no shares are bought back over the next three years. The float does turn out to be too big to move significantly. +* Nokia may not be undervalued and their revenue streams may continue to decline due to network share loses and pricing erosion. +* Pekka has been very serious over the last two earning calls and things are going to get much worse/challenging before they get better. +* With a new US administration in place, the trend of banning Huawei and ZTE that they started is lifted. These two competitors then undercut Nokia pricing. +* 5G is no where near as big of an industry as the experts predict. Covid continues to slow the rollout of 5G well past 2030. +* 5G is too confusing and never gets the buy in from today's investors. +&#x200B; + +[u\/luridess on her way to 🦍, 🦍, & 🍌 LLP ](https://preview.redd.it/airs5qb0wv371.jpg?width=889&format=pjpg&auto=webp&s=62d262f18d48d781c20449ebc8a5c35ce5de3479) + +***\[Update: Thank you all for the kind words and comments. I've responded to some of you at the bottom of my post in order to keep the conversation going so that everyone can see it\]*** + +**INTRODUCTION:** + +The Gamestop Saga is an ever-evolving story. We have all come such a long way from when we first got involved by buying our first stock, posting memes, and wondering what the heck is going on. + +We've begun to dig deeper, look further, search for missing pieces, and connect the dots in order to paint a picture of what appears to be happening with Gamestop, Wall Street, naked short selling, and hedge funds. + +What began as individuals posting their thoughts/DD back in February and March, has now turned into a global hivemind where people from all around the world are coming together to collaborate in an effort to share knowledge, and data. People who only know each other by their respective usernames are working together to collect and gather information and they are sharing it with the rest of the world for no reason other than to share information. + +I think what's fascinating is not just the quality of the DD being posted, but the fact that the DD is coming from various angles: technical analysis, FTD cycles, dark pools, HFT, SEC filings, and US regulatory rule changes are some angles that come to mind. + +Each of these angles tells part of a story. Each one is a chapter unto itself. + +# What Wall Street is so desperately afraid of is the power of the r/Superstonk hivemind to post their collective chapters here so that together we can create a book and tell a story. + +&#x200B; + +**WHEN WAS GAMESTOP SHORTED BY HEDGE FUNDS?** + +For a few weeks now, I've been trying to find the answer to this following question: + +**"When did Hedge Funds first start shorting GME?"** + +Being a lawyer, I'm not good with stocks or the stock market in general. I asked around, but no one really seemed to have an answer. I didn't know where to go or what to search for, really, nor do I have any subscriptions to Bloomberg terminals or stock sites that provide this kind of data. + +It was only when u/HomeDepotHank69 posted [his DD today](https://www.reddit.com/r/Superstonk/comments/nu9qq9/hanks_big_bang_quant_apes_glitch_the_simulation/), which is another excellent collaboration by a number of r/Superstonk users, that I was able to get the answer (or as close to the answer as possible) that I needed in order to share my chapter of the Gamestop Saga with the community. + +&#x200B; + +>**SI by the charts** +> +>Below is a chart that the quant apes gathered from Ortex showing the SI of the meme stocks over time. Many of you will say that this is inaccurate because the real SI is hidden. While we have many instances of that being true, this is the best concrete data that we can gather (much better than Fintel and FINRA), so it’s what we must use to avoid speculation. So, yes these numbers are probably an understatement but that’s a good thing because we do not want to speculate. If we can find significant results on incomplete data, our thesis is strengthened: + +&#x200B; + +[ \[Credit to u\/orangecatmasterrace\]](https://preview.redd.it/yoe6mfl90w371.png?width=1750&format=png&auto=webp&s=62be2900f0d15efec9fbe031a1b894adaadb2cfa) + +&#x200B; + +**MY PREVIOUS SEC LEGALESE TO APE SPEAK POSTS:** + +In my previous SEC Legalese to Ape Speak Posts, I shared information, made several thoughts/comments, went on a few rants, and also made a few predictions. That was my attempt to try and explain what I was seeing/reading and try to interpret it to plain-English. + +I also shared my interpretations/thoughts/comments, as well as a few predictions, **based on things that I was not seeing** in Gamestop's 10-K SEC filings. + +**A number of my theories turned out to be true.** + +My initial post had a side-by-side chart comparing Gamestop's 2020 and 2021 SEC 10-K filings. I posted it as a table directly to reddit, so it was difficult to properly format/colour code/merge rows/boxes. + +This time around, I made an excel spreadsheet and I've screenshotted it and uploaded it as pictures for you all, both to save text space but also to make it easier to follow along and read. + +I now present to you my Magnum Opus: + +# How Gamestop is using its SEC 10-K filings to fight back against targeted Naked Short Selling + +Gamestop's SEC 10-K Filings: A side-by-side comparison of 2018-2021 + +(empty boxes means that the risk factor was not present in that year's SEC 10-K filing) + +&#x200B; + +[\[Image 1\]](https://preview.redd.it/u1l4hi38wv371.png?width=1420&format=png&auto=webp&s=0f5c1dc3c00a28c17a6bf582673c2a915ca20af0) + +[\[Image 2\]](https://preview.redd.it/olcusor9wv371.png?width=1419&format=png&auto=webp&s=a666f16759761c3bfc26a07bac1ef964393e72e6) + +[\[Image 3\]](https://preview.redd.it/k3po9omawv371.png?width=1422&format=png&auto=webp&s=66435b37c88084945872f1008d9cb80c965fa17b) + +[\[Image 4\]](https://preview.redd.it/urteavebwv371.png?width=1420&format=png&auto=webp&s=aa942f29dd6dc7b9685369ba3cf5f8721583ae84) + +[\[Image 5\]](https://preview.redd.it/ugzz9b6cwv371.png?width=1418&format=png&auto=webp&s=bfa903dd8a1377fe34a70c2c73246f6ce456da05) + +[\[Image 6\]](https://preview.redd.it/8m6ruoycwv371.png?width=1419&format=png&auto=webp&s=0f8a2223d01ec1bb2da38ccac959b80c0ddb2dcc) + +What does the side-by-side comparison tell us? + +Well, a lot, actually. + +But the most significant piece of the puzzle is the last image with the Itemized List of Credit Risks/Indebtedness. + +# As we all know by now, the strategy of a short seller is to never cover their shorts. + +They achieve this by forcing a company into bankruptcy through stock price manipulation. + +From 2017-2019, Gamestop was at risk of going bankrupt, making it a huge target for ~~vultures~~ hedge funds. They could smell blood, and as the chart provided by u/orangecatmasterrace in u/HomeDepotHank69's DD showed, they started shorting Gamestop back in 2018, after their 2018 10-K SEC filing. + +This went on for 3 years. It appeared as if things were getting worse for Gamestop: + +* It was in debt; +* It was failing to attract key personnel; +* It removed stock dividends; +* It was falling behind to competitors like Amazon and Steam. + +To Hedge Funds, it seemed like Gamestop was bleeding profusely, and this emboldened them to short the stock even further - they were gambling on what appeared to be a sure-fire win. + +&#x200B; + +**Gamestop's 2021 10-K SEC Filing Changed the Game:** + +[In my first post](https://www.reddit.com/r/GME/comments/mc5jbj/breakdown_of_the_sec_legalese_from_a_fellow/), I commented that: + +* In 2021, Gamestop changed their Business Risk Factor title from "Risks Related to our Business" to "Risks related to our ability to grow our business"; +* In 2021, Gamestop completely removed their "Risks Relating to Indebtedness"; +* In 2021, Gamestop included, for the first time, "Risks Related to Our Common Stock" and: + * confirmed that "a large proportion of their stock has and may continue to be traded by short sellers" + * referenced a possible short squeeze in the future + +I theorized some possible reasons for this in my first, [second](https://www.reddit.com/r/GME/comments/mdzuuf/breakdown_of_gamestops_sec_10k_from_legalese_to/) and [third](https://www.reddit.com/r/GME/comments/mfrvgq/breakdown_of_gamestops_sec_10k_from_legalese_to/) posts: + +* Gamestop no longer sees bankruptcy as a reasonable or forseeable risk factor in 2021 +* Gamestop is no longer in debt +* Gamestop is confirming that its stock was shorted and may still be shorted + +&#x200B; + +Recent events have shown that my theories were accurate. + +Here are just some recent updates, for example: + +* **Gamestop is now out of debt** +* Gamestop is thriving internationally (ex. updated its global websites) +* Gamestop is working on an NFT +* Gamestop has hired quality key personnel +* *Update:* Gamestop is updating its e-commerce strategy *(Forgot to add this in. This is important. See Image 3, Row 3, and my Update below)* + +&#x200B; + +**Why would Gamestop do this?** + +&#x200B; + +**The message that,** ***I believe***, Gamestop is sending its investors as well as those hedge funds who have shorted it is this: + +Gamestop is not going anywhere. + +Shorts must cover. + +💎🙌🚀🌕 + +[u\/luridess out!](https://preview.redd.it/6nhgafsh7w371.png?width=300&format=png&auto=webp&s=93f0e5b7258d41665e8d3990e5aeeae77c61bedf) + +&#x200B; + +***Edits/Updates:*** + +1. **New Observation as further proof that Gamestop is communicating with shareholders and hedgefunds:** In 2021, Gamestop very sneakily **referenced its e-commerce platform**, **for the first time,** as a possible strategy for retaining customers due to store closures. See Image 3, Row 3. (I forgot to add this in my original post above). +2. Added e-commerce as another recent update example, which is important given the clues Gamestop left in its 2021 SEC 10-K filing +3. In response to u/Meegeek's insightful [comment](https://www.reddit.com/r/Superstonk/comments/nuksk8/sec_legalese_to_ape_speak_final_chapter_how/h0ymild?utm_source=share&utm_medium=web2x&context=3): + 1. Yes I agree with you - 10-K filings are the main communication tool for publicly-listed companies. Normally, these things are very dry and are only read by analysts/lawyers/professionals. + 2. It's also obvious that this was the case with Gamestop's previous 10-K filings. + 3. I agree with you that Gamestop's 2021 10-K filing is unique. + 4. The fact that Gamestop confirmed that its shares were shorted as of January 31, 2021, to me seems like Gamestop is saying between the lines: We are aware of what is going on, we are aware that we are being targeted by naked short sellers who are betting on us going bankrupt, and we are implementing fundamental changes to the company as a way to fight back. Game on. + 5. This is why we see not only a fundamental shift in risk factors, but also very specific language being used (For example, the addition of "e-commerce" as possible strategy for retaining customers due to store closures. These tiny few words hinted at what was coming, something that most of us missed on the first read: Gamestop's fundamental shift in its e-commerce strategy just weeks after filing its 10-K in March 2021) + 6. My theory is that Hedge Funds probably have hundreds of people hired whose sole job is to go through each company's 10-K filings and determine, on a year-by-year basis, which companies look like they will go bankrupt in the next few years or so. Then, armed with that information, they go after those companies. The side-by-side comparison of Gamestop's 10-K filings seems to be a perfect example of that, right up until 2021. +4. In response to u/readitfan's comment: I updated the image caption on the Mic Drop to reflect your comment. :) +5. In response to u/eastrod's [comment](https://www.reddit.com/r/Superstonk/comments/nuksk8/sec_legalese_to_ape_speak_final_chapter_how/h0yuqav?utm_source=share&utm_medium=web2x&context=3): + 1. Thank you. I will certainly take a look at Gamestop's 8-K after it's posted and share my thoughts. I'm subscribed to their SEC Filing RSS feed. + 2. In the meantime, [here's a link to last year's SEC 8-K](https://news.gamestop.com/node/18081/html), filed on June 18, 2020 after their June 12, 2020 shareholder's meeting. + 3. Here's the relevant wording used last year:"On June 12, 2020, the Company held its annual meeting of stockholders (the “Annual Meeting”). At the Annual Meeting, the stockholders voted on: (1) the election of directors; (2) an advisory non-binding resolution regarding the compensation of the Company’s named executive officers; and (3) the ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending January 30, 2021.**First Coast Results, Inc., the independent inspector of the elections (the "Inspector") for the Annual Meeting, delivered its final vote tabulation on June 17, 2020 that certified the voting results for each of the matters that were submitted to a vote at the Annual Meeting. According to the Inspector's final tabulation of voting, stockholders representing 42,886,817 shares, or 66.4% of the Company's common stock outstanding as of the record date for the Annual Meeting, were present in person or were represented by proxy at the Annual Meeting."** +6. **In response to** u/eastrod's [comment](https://www.reddit.com/r/Superstonk/comments/nuksk8/sec_legalese_to_ape_speak_final_chapter_how/h0yxuh4?utm_source=share&utm_medium=web2x&context=3): I COMPLETELY FORGOT ABOUT THAT! You're right. Although I didn't know what was going on at the time, I did spot Gamestop slowly trickling shares into the market back on April 15 but no one listened to me 😥 + 1. **EASTER EGG UPDATE:** Another forgotten Easter Egg that I noticed in Gamestop's April 15 SEC filing but didn't know what was happening (because I completely forgot about this until u/eastrod mentioned it in a comment below) + 2. I [posted this](https://www.reddit.com/r/Superstonk/comments/mwup95/i_figured_out_why_uratioatblessons_mentioned_me/) a month ago in response to some of the conspiracy theories out there about me. It didn't gain a lot of traction and so not many people saw what I spotted: **That Gamestop's total share count was higher on April 15 than it had been when it filed its 10-K in March.** + 3. In that post, I basically said: +*"If you 🦍s do want to spend some time and energy chasing something, maybe you should try to figure out how Gamestop suddenly has 835,950 MORE shares as of April 15, than it did when it filed its 2021 SEC filing.* +*Could be nothing, could be something. I don't have enough wrinkles to figure that out. I'm just good at spotting differences."* + 4. My comment was dismissed, and no one bothered to follow up on that SEC filing. + 5. It was only after the fact that we all realized this was Gamestop slowly trickling shares into the market... + +&#x200B; + +&#x200B; + +&#x200B; + +***Not financial or legal advice*** +UK based. Nearly 50. Half of a couple with no kids. (EDIT: I am married, with a husband.) Have just hit £3m in savings between us, not including our house. Roughly half in pensions and half not. No debt, no mortgage. + +The £3m is mostly in tracker funds, with a chunk of bonds, and perhaps a little too much cash (10%). + +Our spending lies somewhere between £50k per year as a pretty comfortable minimum, and £80k per year (or more) with increased travel, a new car occasionally +, or whatever. So even allowing for fees and taxes, we can more than survive on a 2% Safe Withdrawal Rate. And if we edge up to 3% we’re laughing. + +I used to enjoy my work, but not so much these days. So I think I’m ready to take the plunge. But the twin calls of “one more year” and “you need something to retire to” are holding me back. + +My plan is to quit and take six months off. With the aim that it’s an experimental retirement. If I like it - and if the markets don’t crash horribly in the next six months - I’ll extend it. But within the next year I reckon I could get another decent job, if needed. + +Any thoughts or words of encouragement? + +EDIT: thanks for all your comments. They gave me the added courage needed to actually resign today. I did it!!! +Instead of developing excess confidence trading through an extended bull market and overextending by chasing returns, I've learned the importance of risk management while my portfolio is still a fraction of my earnings potential. + +I developed a strategy and got the chance to see forward performance in a 'once in a lifetime correction' instead of relying on backtesting. I got screwed when I FOMO'ed and deviated from said strategy. And I'm happy for the learning experience. + +edit: 'once in a lifetime' was supposed to be tongue in cheek +RC owns 11.9% of GME. + +RC owns 9.8% of Bath with calls that could take him to 11.8% if exercised. + +RC is basically taking an IDENTICAL position to Bath as GME. + +I hear apes talking about RC using Bath to make money off the MOASS and being dismissive about it. IIRC Bath is insane short interest as well. + +If RC was just trying to make some side money, why would his position in Bath be almost IDENTICAL to his position in GME? + +My spidey senses are tingling. I get the feeling that RC has something BIG planned with Bath. [He has written a letter to the Bath board of directors](https://www.reddit.com/r/Superstonk/comments/t8d4xx/ryan_cohens_actual_letter_to_bbby_board_for_all/), IIRC he has influence on new board members, and he has several tweets that have been speculated to be about Bath and their board. + +I'm NOT trying to convince apes to go buy Bath. Please do not misunderstand my intention. + +My intention with this post is to start another discussion about a tinfoil hat theory about a bigger picture that includes BOTH GME *and* Bath as cooperative entities. Is this plausible? + +**RC's buy in to Bath is LARGER than his buy in to GME.** + +What does this mean? + +We are so hard core in our support of GME that we want to ignore all other tickers. I get that. But I tried to bring up this discussion before and my post got deleted by mods for being too focused on Bath and it being 'unrelated' to GME. + +I am asking for help in figuring out how it *could be* directly related to GME in RC's long term plan and maybe his 4D chess strategy rolls them together in a way in the future that we are simply not aware of yet. + +Again, this is tinfoil hat and I'm not trying to encourage anyape to buy Bath stock. I'm asking for discussion on speculation on what RC's plan may be for his stake in Bath that is almost identical to his stake in GME at buy in. + +It is my speculation that he would not simply start two completely independent positions in two companies at the same time that have *heavy* mail order infrastructure in place without considering pooling their resources. + +Apes talk about GameStop rivaling Amazn and taking significant market share from them. You need infrastructure to do that. A LOT of it. How much infrastructure does Amazn have now compared to GameStop? How would that compare to GameStop PLUS Bath? + +*Maybe* RC is already thinking 2 years down the road in exponential growth. You KNOW he is. + +Is it so unreasonable to think that his stake in Bath is him thinking about GameStop's expansion in the future? + +What about all of his talk about CEO's and board members OWNING STOCK and aligning with shareholders? What about 'It takes money to buy whiskey'? + +He is putting his money where his mouth is. He is practicing what he is preaching. He is doing EXACTLY what he says the respectful leaders *DO.* + +In my speculative opinion, I think Ryan Cohen is making 4D chess moves with Bath and he is thinking 12 moves ahead or more, and we are just too smoothe brained to see it because he is a 4D chess master and I can't hardly play a regular game of 2D chess. + +I think there might be something incredibly significant to GME about Bath. I just don't know WTF it is. But at this point my speculation is that RC might 💎👊 that Bath stock just as tight as his GME stake. + +More tinfoil: Maybe they completely merge years down the line. If RC had *equal stakes* in each, would that somehow benefit a merger? I don't know. But it is certainly a spicey meat-a-ball-a. + +I apologize for not linking all of the sources of the numbers, but you can look up the numbers easily enough. I'm on a shitty phone that is really lagging on typing so this post is tedious to type out. I welcome any corrections to anything I have stated. That is one thing I love about this community. + +Mods, if there is anything about this post that you disapprove of, please let me know how to change it to meet your approval. + +American apes, enjoy your fireworks, and please be extra careful if you are in a draught stricken area as fires start easily with fireworks. + +And as a head nod to OG apes: +"None of this is financial advice and +[I love eating crayons for breakfast](https://imgur.com/a/yRepZAs)." + +(thank you u/Bubbola2600 for your inspiring post) + +tldr: RC's buy in to Bath is larger than his buy in to GME and almost exactly the same positions as far as percentage of ownership. I speculate he is making 4D chess moves thinking years into the future of folding them together and I want to provoke discussion on this topic. + +(I am not promoting apes buy Bath.) + +edit: + +11.9% vs 11.8% + +Less than 1% difference with GME>Bath + +***WHY?*** + +(I encourage apes to refrain from using any stonk tickers unless it is GME) +This tip is so obvious, but I know so many people who don't follow it, even when they are complaining about being broke. + +When you eat out, order water to drink. I love this tip, because nobody thinks your doing it to be cheap, they think your doing it to be healthy. BONUS: It is a healthier choice. + +Drink water at home too. Prices aren't nearly as bad for a soft drink or glass of wine when you buy for home, but they are still a lot more than water. Invest in a filter of some type. I'm using a brita pitcher until I can install a filtration system. Shoot, depending on where you live you might be totally fine with tap water. + +I started doing this in college when I had to scrape by on minimal hours $100 a week via part time hours, plasma donations, and overage checks and still do it most of the time today (15 years later). Small, but easy habit to build and the savings add up pretty quickly. +Can we talk about how anytime politics become part of the discussion, the comments get locked. + +The mods need to understand that investing has a lot to do with politics and political systems. We need to let people know about risks involved in investing in non democratic countries. + +People always seem to forget the number one rule of capitalism. Only invest where your capital ownership is protected. + +In otherwords, never loan money to the king of Spain... since he is the judge that will ultimately determine if has to pay you back. + +Please let people discuss issues steming from investing in non democratic political systems. + +Thanks. +Sup Apes + +not financial advice + +super brief post, I've received so many pings this AM I wanted to address it in a formal post. + +the original post is here: [https://www.reddit.com/r/Superstonk/comments/o02fnr/elliot\_waves\_gme\_the\_sp\_500\_wen\_market\_peak\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o02fnr/elliot_waves_gme_the_sp_500_wen_market_peak_and/?utm_source=share&utm_medium=web2x&context=3) + +I've seen a lot of chatter regarding my post saying SPY would peak around 430, and I wanted to add a few more targets for your viewing pleasure. + +In that post, I believe I gave a target of around high 429, though there are multiple levels to watch out for. 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 🚀 +I am about to graduate college and will be working at a major tech company making 120k + +I will also receive a 25k sign on bonus plus a 5500 relocation bonus + +I have 11k in school debt + +What are the next financial moves I should make? +Why! + +Why the fuck are faces here now? + +Can mods not do something to help these idiots out? Can we not band together to help save folks from themselves? + +I mean, i woke up this morning and one of the first posts I see is + + "...my boyfriend hard at work reading DD, look at his FACE..." + +...'look at that multi million dollar 20 year old looking face, look at it, my boyfriend, look at all that money, loooooooooook at his beautiful rich no pre-nup face xoxoxoxoxo.' + +Since when are we allowing people to be this stupid? + +Y'all, don't fucking post your face, revealing tattoos, weird appendages, pieces of mail with address on it, fucking anything that can lead to YOU, your neighbors, family, or friends. + +This isn't magic money we're taking, it's ours were getting back from years and years of thievery, and i think it goes without saying that they want "their" fucking money, and there will be people who will want "their money", your money, and having your likeness parading around GME will not end well. + +This kind of money, is shut the fuck up money. + + +Seriously, + +Shut the fuck up + +Edit: + +u/reddit3k has gifted us this archived post on newfound wealth in those that had relatively little before their voyage to the moon - a post on winning the lottery. + +Tragedy follows and i think it's a good piece to read that might help in understanding the gravity of the trendies to come. + + +"Dear fellow ape, + +Please (let) allow me to try and help you because I might know the post you're referring to. + +Is it this one perhaps? + +https://www.reddit.com/r/AskReddit/comments/24vo34/comment/chb4v05" + +Another Ape, + +u/datachire + +said this + +"[Here](https://www.reddit.com/r/AskReddit/comments/24vo34/whats_the_happiest_5word_sentence_you_could_hear/chb4v05/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) is the exact link to the comment. I clicked OP’s link and it didn’t bring me there so, there ya go. [Part 2](https://www.reddit.com/r/AskReddit/comments/24vo34/whats_the_happiest_5word_sentence_you_could_hear/chb4yin/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)." + +Edit again: + +I've been called Satan, body shamer, and a fa66ot for this post, who's hostile???? +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Backstory: My wife and I are both 24. I'm a PhD student, making $28k/year. After being unemployed for the first half of 2016, my wife is now employed as an elementary school teacher, making $34k/year. We got married right before the start of 2016. We live in a very low cost-of-living area, so we don't have huge rent expenses. + +I'll admit it; I've always been a bit of a numbers geek. So, at the beginning of 2016 my wife and I decided to pay for everything via credit card, so we (I) can track our expenses. I break everything down into categories each month, and I calculate our average expenses per category. I know there are some programs out there that will do this automatically, but I wanted to do it myself because 1) I found that it really didn't take much time, and 2) I wanted to be able to separate expenses into categories manually (example: being able to separate buying $50 of groceries and $25 of school supplies in one run to the grocery store). + +I won't go through category-by-category since I'm sure most people don't care, so I'll go through some of the highlights/lowlights: + +* Before my wife started getting paid, we were about $1000/month in the hole. Luckily, I had about $30k saved up via working in high school/college, summer internships, etc., so this wasn't a huge issue. By the end of July, we were about $3k in the red for the year. It would've been much worse, but we got a $4k tax refund, which helped immensely. + +* Despite being $3k in the hole at the end of July, we were back to breaking even for the year by the end of September. By the end of December, we were able to save $3500 for the year. It's less than I'd like to save, but it's better than nothing I guess! + +* We spend way more on eating out than I realized! We spent about $3800 on eating out in 2016. A significant portion of this was due to the fact that we go do trivia with our friends every other week; once we both eat and have 1-2 drinks each, we're looking at a $40+ tab. Also, once my wife started her job we started spending more on fast food (she was too busy/drained to want to cook anything together). This is one area we're trying to improve on. + +* Teachers really end up paying for their classrooms out of their own pocket! Before she started her job, we were spending about $40/month on school supplies (books, pens, paper, etc.). Since she started teaching, we're up to about $200-250/month in expenses between the two of us, mostly spent on supplies for her classroom. + +* Adopting a dog is more expensive than you'd think. We adopted a dog from a local rescue in January. Between adoption fees, vet visits, toys, food, and supplies, we spent $850 in the first month alone. She also ended up getting sick a few months later, resulting in several hundred dollars in vet visits and medication. Now that she's all better, we still spend $75/month on average for food, toys, vet visits, heartworm prevention, and getting her nails trimmed. + +* Not really expenses related, but moving our money to a high-yield savings account was definitely worth it! We're now getting about $16/month in interest, compared to the $0.48/month we were getting before. + +* Also not expenses-related, but once my wife signed the paperwork for her job, I/we opened a Roth IRA! There's about $6500 in contributions in there right now, and the account balance is at $7150 or so. + +Anyway, I just wanted to share that I found tracking our expenses manually to be *very* useful, and that it didn't take much time at all (2-3 minutes every night). I highly recommend it! +Bit of context - before we take our traders live they have to go through a fairly rigorous process that involves the creation of a comprehensive trading plan, submission of backtesting and forward testing trade logs, and have worked with 2 trading coaches on everything from strategy (technical and fundamental analysis) to trading psychology, risk management, and how to run your trading as a business. + +By far the most common issue I have with our traders who are getting ready to go live in what we call the “trading combine” (where the trader puts up capital, and we match it. The purpose of this is for the reader to prove they can trade their plan consistently over 2 month period) is that they haven’t really been tested. + +I’m always weary of promoting traders who haven’t had their souls crushed to the point where they want to quit at least 1x. Consistently, and without fail, these are the traders I will be working intensely with whether it’s 6 weeks or 6 months down the line when their strategy that was undoubtedly tuned for a specific set of market conditions has suddenly stopped working + +“Why isn’t it working anymore, it’s just not working” + +“Maybe I need to change my strategy. Just a few tweaks ought to do it” + +The bottom line is that we strongly encourage our traders to develop trading plans specifically geared towards trending markets. The reality is that by far the #1 reason traders fail is because they try and trade against the trend. In my opinion, one of the biggest reasons that people insist on counter trend trading is a lack of patience and understanding of market cycles. + +I’m sure we’ve all heard before how markets only trend like 20% of the time. So if the majority of the time markets aren’t trending, those are the conditions most traders are used to seeing. They get caught in this vicious cycle of not wanting to miss big moves, and so they start over trading in unfriendly conditions trying to catch that next move. They get chopped up, get frustrated and decide they’re going to sit on the sidelines. Right then, the next big move starts unfolding. + +There’s no magic, catch-all-cure to this problem, but if this sounds familiar to you, here’s my general advice: + +1. Make sure you have a trading plan that strongly outperforms in trending environments +2. Learn how to distinguish trending from non-trending environments +3. Stay out when the markets aren’t trending +4. Stick with your plan. It’s what got you to the dance + +Is this seemingly over simplistic? Yes it definitely is. But it’s also... true. Is there more to this? Yes of course. Hoping this becomes a productive discussion +In 2015 my partner and I were making almost $300k/year and I was getting cocky. We paid off $100k student debt in a few months. Our net worth was approaching $1M. I had dreams of retiring at 40. Then life happened. A lot of it. + +We realized duh, we want kids, so we had 2. My partner quit her job to raise the kids, I decided to leave my great job for a startup, then I got fired. Somewhere along the line we both started resenting each other and almost got divorced. That basically broke the retire-by-40 FIRE plan. + +Now I prioritize my family’s happiness over early retirement. My new job is family-friendly and I’m in better mental and physical health. I actually have time to nurture my relationship with my partner so that’s getting better. I feel I make enough money and my job is good enough, so now I’m working on maximize my relationships. We are also helping our elderly parents live more comfortably. + +Our income is back around $200k but in HCOL our savings rate is only about 20%. Since we’re 50% FI, the [shockingly simple math](https://www.mrmoneymustache.com/wp-content/uploads/2012/01/years_to_retirement.png) tells me we’re now retiring at 55. And I think I’m cool with that. + +What’s your story? What have you found that’s worth slowing down your FIRE journey? +Hi, + +I live in NL and choosing a broker of the two. Would like to hear your thoughts on my dilemma. + +Here are my circumstances: + +I won't keep cash in my account, unless it's invested shortly. I'll only use it for passive investing, lump sum first and DCAing monthly. I'll go with IWDA and EM ETF (kernselectie) if Degiro and VWCE if IBKR. I'll invest more than 100k$ so the 10$ inactivity fee of IBKR will be waived. Simplicity of UI is not that big of a factor. Customer support is important, but not crucial given the simple strategy. +Long story short, I found a bug in TastyWorks regarding OCO orders and it resulted in losses. + +I recorded videos clarifying and ran it up the chain. TW said “We will get to the bottom of this and make it right if it is an issue with the software or logic behind the bracket mode.” + +A few days later, I was notified that it was, in fact a FEATURE (surprise), and that they would be updating the code to remove the feature. They claimed it was a "technical limitation" to not allow users to set a strike above the MARK price. Not sure where else the stop would go if selling calls but...you know...it's a feature! I initiated an ACAT transfer after their demonstration of incompetence or ignorance...still unsure which one. + +Anyway, now that I (finally) received my 1099 and compiled it with my complaints. I was going to approach them for them to "make it right" and/or escalate it to FINRA with this info among the other bugs that I've discovered. + +Am I just wasting my time? Is FINRA even the correct entity to escalate to? This probably isn't even the correct sub 😂 +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 +Learning to trade is definitely one of the hardest things to learn and just like learning any other new skill it can be frustrating and overwhelming. I just want to say to all the new traders trying to make it in this business that the feeling of being overwhelmed is because you believe you need to figure out everything at once... and that’s not realistic. A little progress each and every day adds up to big results. So just take it slow, learn every day, don’t quit... just keep grinding and things will start to fall in place. +Learning to trade is definitely one of the hardest things to learn and just like learning any other new skill it can be frustrating and overwhelming. I just want to say to all the new traders trying to make it in this business that the feeling of being overwhelmed is because you believe you need to figure out everything at once... and that’s not realistic. A little progress each and every day adds up to big results. So just take it slow, learn every day, don’t quit... just keep grinding and things will start to fall in place. +Posted the following on a certain other subreddit... and it got struck once because I DARED to mention a ticker with a low market cap, then again because I posted it at 9am EST and everyone was fixated on GME at open, so it didn't get the required 6k upvotes to stay safe from their ruthless mod bots. I also wrote this out in detail to test my own understanding, I don't think you're dummies, most of this subreddit probably knows this shit already. + +TL;DR - I don't want to lock up $10,000 running 3x PMCCs on something like AAPL, just to collect 3x $100 premiums over a 30-45 day expiration. Looking at lower cost stocks with higher 30-day IV% to use for CCs, given that several of them appear to have much higher average premium returns and a lower cost of entry - owning shares instead of a deep ITM call. + +So here goes. Just a green options options trader looking for a little discussion of low cost, true covered calls. If this strategy is shit, I wanna know. Positions and original text of my detailed post below. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +I was setting up my first covered call of AMC and it occurred to me that searching equities based on the following two criteria could lead to some decent cost of entry as well as reasonable premium prices for selling covered calls: high implied volatility & share price much lower than AMC. + +The low share price provides a low cost of entry to trading a true covered call so this strategy is entirely based on my willingness to buy 1000 shares of a particular stock to sell 10x calls against at a time to compensate for the low premiums. + +Here are my current plays: + +[2021 April 07, mid day](https://preview.redd.it/8di2e7otgyr61.jpg?width=1411&format=pjpg&auto=webp&s=2e81c981f9abbb02e4a8de79518b81148e2d06ec) + +And here is the logic behind those plays: AMC was the first. Short term calls had a decent ask price and I already owned most of the shares I needed, so I went for it. Then got sad I could only buy 100 shares/sell 1 call at a time. So I started to look for high IV stocks below $2 per share. Found a whole bunch, but most aren't really candidates - option volume is pretty low (or non-existent) on a lot of them, meaning there might never be an opportunity to buy-to-close if you decide you want to exit the position. Settled on two different stocks after doing some (gulp) math, and split my available investment between the two, but I'm going to show my work based on a single stock, with 1000 shares as the planned buy just for simplicity. Do let me know if I fuck the math up... + +Can't mention the actual stocks in my example because their market caps are too low and will get auto-banned, but let's all imagine that the bid/ask for this hypothetical option of the 2021may21 C2 is currently 0.25/0.30 (at the time of my purchase, a 45 day expiration) with shares currently trading around $1.49 - so for a cost of entry @ \~$1500 you're looking at being able to safely sell 10x calls at the $2.00 strike. Assuming the worst case bid of 0.25 as your premium credit, selling a single call (before commission and fees) gets you a premium credit of $25. (0.25 x100 = $25) So selling 10x that many calls would get you a premium credit of $250. + +I'm calculating returns based on a 30-day window, regardless of what the expiration might be, to keep different length options easily comparable. So $250 on a 45 day expiration (assuming full value of the premium is collected, which is not guaranteed, and holding until expiration is often not the best way to exit the position) would be ($250 / 45) x 30 = $166 per month. $166 / $1500 = 0.111, or an 11.1% return on your share purchase in a single month. Multiply that by 12 months, and I'm shooting for 133% return for the rolling year, or \~$3500 gross return on my initial 1000 share purchase of $1500... + +Now before you go out and blow your whole buying power on a bunch of penny stocks with high IV that no one has ever heard of... **HOLD THE FUCK ON.** That raw estimate of 133% return is based on several underlying assumptions. Namely, that **(1)** the stock will trade sideways for the foreseeable future or go down a little, but not too much. If it goes down a lot, your 1000 shares won't be worth shit and the option premiums will tank too. So you could be stuck with a bunch of shares not worth much, that no one wants to buy options on. + +Also, it assumes that **(2)** these companies don't fuck around and lose almost all their value or even get totally de-listed. Let's say that Hypothetical Inc. is a Chinese company that deals with used car e-commerce or some shit like that. Once car makers can get computer chips for their new models again and actually roll product out of the factory, used cars may not be in such high demand, and the IV of stocks like Hypothetical Inc. may tank, or their business could ground out entirely if they overextend themselves during this time of pandemic fuckery. + +And this is another big one... **(3)** that I don't mind getting assigned at or before expiration to sell all 1000 shares if the share price hits the strike. This isn't a hold-no-matter-what-buy-all-the-dips kind of strategy. And **it has to be actively managed**; you can't just hold and check your P/L every few days. Now that the warnings are done, here are the different ways that I'm expecting this strategy to play out. Let me know if I'm missing a major outcome here. + +**(1)** Stock trades sideways, I keep my shares and keep selling calls for similar premiums. + +**(2)** Stock drops by a lot. I probably just hold. No good premiums for a while. This is a risk that I **personally** can tolerate, given the low cost of entry on the 1000 shares. I won't be forced to sell them at a loss, at least not right away. **If this sounds terrible to you, don't trade this strategy!** It's also possible that options volume just dries up, meaning you won't be able to buy-to-close as I mentioned above. At least you could still hold until expiration and collect the rest of the premium, but you won't be able to safely sell your shares (if that's what you want) until the sold calls are past expiration, which could give the share price time to fall even lower. + +**(3)** The stock gains in value. This could be positive, or neutral. Two main possibilities: + +**- (3a)** The stock gains a little value, but stays below the strike. I can let my calls expire and sell a new call for the next expiration window, or roll up in strike and out to the next window before expiration, keeping premium collection pretty steady and protecting against assignment, letting me keep my shares and keep covering my calls, at the expense of getting higher premiums as the stock approaches my original strike price. + +**- (3b)** The stock gains past the strike, and I get assigned. Well, given that early assignment is pretty rare (or so I'm told, I could be wrong, take it up with YouTube) I should get all of the premium from my currently sold calls, and I'll also get the profit from selling my shares higher than I bought them for. So with the same 1000 shares of Hypothetical Inc., I'd get the difference between the $1.5 purchase price and the $2 sale price (0.5 x 1000 = $500), plus the $25 x 10 = $250 from the premiums of all 10 calls. Net profit of $750. + +Now I'd be pretty happy putting in $1500 and walking away with $2250 over the course of a 45-day option window. I'm not attached to these shares, happy to sell them for a profit and find a new donkey to ride to the next options expiration window. The main downside is that if the shares you bought really blast off, then the calls you sold will cap your profit potential to the $750 that I laid out above, but you will still make money at a decent return rate. **This is up to you to calculate for yourself**, by choosing the strike to sell your calls at based on the probability that the call will go in the money versus how much premium you collect. This is based on how close the strike is to the current share price. Smaller spread between share price & strike price = higher premiums = higher probability of your call going ITM = higher probability of assignment. Larger spread = lower "" = lower"" = etc... + +If you're really bullish on a stock, and it's relatively cheap to own, maybe selling calls against it isn't the best strategy for you. It's certainly not the most theoretically profitable, but that's not really what I'm after with this strategy - I'm looking for a stable(ish) income that will let me build my portfolio without fucking around with margin or selling naked calls of SPY. Those are levels of risk I can't currently tolerate. +Mr Buffet as well other value investors recommend to buy and hold good stocks and not to try to Time the market, yet we see good value investors in and out of stocks all the time. + +but we also know the gigantic size #BKR needs to handle so how hard it is to get in and out of stocks. while we individuals with small sums of money we can easily do so. + +so which approach is theoretically superior; to hold the good stocks as long as the companies still got the good management and good hypothesis or to sell the stock the appears to be over ripe ? + +\#AAPL reaching this very high price by Friday's closure intrigued me to think if I better to keep holding my stocks or sell them and find other investment that might still have the potential to go up. + +yes AAPL is a good company and a stock everyone likes but what is the best approach to harvest ripe stocks and find other immature ones or to stick to good winners all the way ? + +please let me know your hypothesis and advise. +Let's make a change. Instead of helping people IN poverty, let's help them OUT of poverty. + +An idea I've been working through is a charity- or government-run non-profit rent-to-own small/tiny housing program. Get lower-income individuals and families into home ownership. Free up their income ...so it can be saved, or spent in other areas of the economy, or be used to build their own small businesses. + +Boost the middle-class, and the whole economy improves. Rental housing makes the rich richer and the banks richer, and they keep the poor poor. Take the profits out of low-cost housing and everyone will benefit in the long-run. Smaller units/tiny homes, shared common-areas, lower costs, and home ownership/equity, and a chance to lift ourselves out of the rental rut. Help the poor and you help everyone. +So I started working at a 7/11 and told the boss I need a lot of hours he agreed and gave me 64 hours which I’m happy about but the hours are split between his 2 stores that he owns. My question is will I still get paid OT for working over 40 hours, or since the hours are split in between the 2 stores that means no OT? If it matters I live in Texas. + +Store 1: 34 hours +Store 2: 30 hours +Total of 64 hours +A little bit of context: my flight was cancelled due to COVID19, I filled in the form to request a cash refund approximately a month ago and until yesterday the only emails that I had gotten were saying that I had to wait as there was a high number of refunds that needed to be processed. + +Yesterday, a few hours after reading this [post](https://www.reddit.com/r/UKPersonalFinance/comments/g37odt/ryanair_delaying_refund_by_giving_credit_then/), I got a similar email, basically saying, we have ignored your request for a cash refund and we are giving you a voucher. If you want a cash refund, speak to us on the chat. + +After waiting in the queue of the chat. I get the following message regarding why I haven't been offered a refund and why they can't tell me when it will happen: + +"*Please note that as our payment agents are required to stay at home in the fight against the COVID-19 pandemic, payment security restrictions prevent us from processing cash refunds until the COVID-19 crisis has abated. Your voucher will be valid until the refund is paid"* + +I answer that I will then issue a chargeback to which he answers: + + "*In case you do issue a charge-back through your bank account you might be banned from Ryanair, I am afraid. I advise you to wait until the refund is processed."* + +I don't really want to be banned from Ryanair, do you guys think they will actually go through the ban? +So as the title says I have inherited $100k CAD. I'm 25 and single. I have no debt to my name and my only bills are insurance($180month) phone bill ($90) and rent ($500). I make just over $42k a year. + +I'd like to invest this money but have no idea where to start, or maybe using the money as a downpayment for a house? +I'm basically trying to decide what my best options are. + +If you were in my situation, what would you do with $100k? + +A part of me wants to treat myself (new Harley or new truck) but considering I'm not in debt and have a half decent job I'm thinking I should look into what would be best for my future. +I turn 21 soon. At a local community college that does not have dorms. I'll be halfway done with an associates degree after this semester. + +I won't be able to live at my moms house anymore soon, hopefully this happens after semester ends. I definitely can not afford a place with my current part-time job and even with a roommate (which i'm looking into!) I still don't think I would be able to afford much more than rent. And I realize that not being able to afford all basic needs is going to have an impact on school. + +I'm considering dropping out of college and starting an electricians apprenticeship. I will be paid a living wage, full-time job with on the job training. I'm told there's good money in it after a while. I'll actually be able to afford rent, food, bills, gasoline, and a safe place to live for the next couple years while I'm working. I'm going to get a room mate soon any way. + +I'm scared of the student loans I will have to take on if I continue with school. + +I'm thinking maybe I can be farther ahead by the time I finish the apprenticeship vs by the time I finish my bachelors and try to find a job. + +I'm scared and don't know what to do. I know for a fact that if I stay in school full-time I will be in extreme poverty by January and will stay there for the next several years. +**Don't let the government hold onto your money!** + +WASHINGTON ― Unclaimed federal income tax refunds totaling about $1.1 billion may be waiting for an estimated 1 million taxpayers who did not file a 2014 federal income tax return, according to the Internal Revenue Service. + +To collect the money, these taxpayers must file their 2014 tax return with the IRS no later than this year's tax deadline, Tuesday, April 17. + +"We’re trying to connect a million people with their share of $1.1 billion in unclaimed refunds for 2014,” said Acting IRS Commissioner David Kautter. “Time is running out for people who haven’t filed tax returns to claim their refunds. Students, part-time workers and many others may have overlooked filing for 2014. **And there’s no penalty for filing a late return if you’re due a refund.”** + +The IRS estimates the midpoint for the potential refunds for 2014 to be $847; half of the refunds are more than $847 and half are less. + +In cases where a federal income tax return was not filed, the law provides most taxpayers with a three-year window of opportunity for claiming a tax refund. If they do not file a tax return within three years, the money becomes the property of the U.S. Treasury. For 2014 tax returns, the window closes April 17, 2018. The law requires taxpayers to properly address, mail and ensure the tax return is postmarked by that date." + +[Source: IRS Newsroom](https://www.irs.gov/newsroom/irs-refunds-worth-one-point-one-billion-dollars-waiting-to-be-claimed-by-those-who-have-not-filed-2014-federal-income-tax-returns) + +... + +Edit: When I posted this I didn't think anyone would really even read it and I'm shocked that there have been so many comments already. Special thanks to everyone else who has helped answer all of the questions people are asking! +There are enough lay offs going around major tech companies to make head turns. Although most sound like its just 5-20% of the company, I am wondering if there could be any aftershock effects. + +Meanwhile the market has recovered quite some bit since its early fall lows. I am wondering if the market has priced this in already or I should consider the possibility that it will come down again with the employment news ? +Today I decided to buy my first stock in Zerodha Kite. Till now I've been investing only in MF. +So I just opened Kite, searched for IRCTC stock, and bought 2 qty with default options without doing any research. +The stock price was around 4800 when I clicked on Buy. So I assumed it would deduct around 9600 rupees for the purchase. But to my surprise only around 4400 inr were deducted. +So I tried finding out what happened and realised that the order I placed was in MIS catagory which is some intraday trading thing. So I immediately sold my 2 shares at around 4700 to avoid anymore confusion for me. + +So I went back to the same window in Zerodha to cross check. When I select MIS, the margin required is around 1000 rupees. But when I select CNC, it shows full stock price of around 4800 in margin required. + +My question: +Why is MIS cheaper by 5 times the actual stock price? +When I immediately sold my 2 shares in MIS at 4700, the loss was around 250 inr. How is this calculated? + +Thanks in advance and sorry if this is too confusing or doesn't belong here. I'm still trying to understand online the correct way to buy stocks on Zerodha. +Ryan Cohen tweets about how bad BCG is. + +This sub: “we also hate BCG, they suck. Horrible people. Lets tell them how we feel.” + +Love it how you all support Ryan like that. Love how he points something out and you are all over it like flies on shit. As a part owner of GME I feel ot is important to trust the board, the chairman, and the employees. + +Ryan Cohen buys a huge stake in another company, and a crap ton of bets that he thinks the price will go up 10000% (edit: not 10000%) in a few months. + +Also this sub: “BBBoY is a distraction we hate it. Don’t talk about it here.” + +You may want this sub to be a GME ONLY sub. But I am sorry, it’s not. Its about market structure, economy, citadel hate group, hedgefund dart board. And above all, a Ryan Cohen fan page. I know….”no leaders”. But that gets thrown oout the door when every single tweet of his gets pulled a part and studied. + +Not sure why we accept only a few things he says and does. + +Don’t sell GME to buy BBBoY. But also don’t trash on people who discuss it. But also…as an individual investor, you do what you want. + +Bring on the downvotes. Don’t care. But maybe think about what this sub is about. + +Love, + +Mojo +This is my second attempt at posting this ranking to this sub, this time without any hyperlink to anything! Some of you may already know of this since I have reached out to a couple of (hundreds of) you after profiling you since about the start of March. To summarise, I created a webapp that tracks users' DDs and the stocks' performance since the first time they talked about it. Due to some data constraints, price data only goes back a year so this list is not exhaustive but it is the first-pass best effort :) . + +At the time of this post, 837 users have been profiled for 1048 tickers. The ranking is based on a simple scheme: + +Higher return average + more tickers > lower return average + more tickers \~= higher return average + fewer tickers > lower return average + fewer tickers + +You can find the original post I made as well as the webapp/full ranking on my post on smallstreetbets. Sub rules mean I can't link to anywhere (even another sub) so you'd have to scroll down to comments. This ranking has been filtered out to include only those who regularly post on pennystocks. + +1. [/u/trevandezz](https://www.reddit.com/u/trevandezz/) at 1060% for 8 tickers +2. [/u/TheBazaarTrades](https://www.reddit.com/u/TheBazaarTrades/) at 204% for 26 tickers +3. [/u/FatalComplex111](https://www.reddit.com/u/FatalComplex111/) at 771% for 6 tickers (this is a difficult one to include since his stocks are borderline penny) +4. [/u/CaptainWeee](https://www.reddit.com/u/CaptainWeee/) at 348% for 10 tickers +5. [/u/Kierik](https://www.reddit.com/u/Kierik/) at 560% for 6 tickers +6. [/u/Printer84](https://www.reddit.com/u/Printer84/) at 194% for 13 tickers +7. [/u/belac1804](https://www.reddit.com/u/belac1804/) at 265% for 7 tickers +8. [/u/Boardathome](https://www.reddit.com/u/Boardathome/) at 833% for 2 tickers +9. [/u/01gzim](https://www.reddit.com/u/01gzim/) at 196% for 9 tickers +10. [/u/Kusiroll](https://www.reddit.com/u/Kusiroll/) at 129% for 13 tickers +11. [/u/butthoofer](https://www.reddit.com/u/Butthoofer/) at 760% for 2 tickers (Honourable mention due to no3) + +There is a large degree of variation in the upside for penny stock users, so I highly suggest digging deeper into the distribution of returns and see if there's consistency to get a better picture. + +Obligatory last note: my post on smallstreetbets nearly crippled the database but I fixed some of the shittest SQL queries so it should be able to handle more traffic this time, but if there's a sudden surge in traffic it would still slow down the site significantly. Happy investing! + +Edit: Link in comments. +Telegram : https://t.me/BabyMaticRewards + +Webiste : https://www.babymatic.net/ + +Name: BabyMATIC + +Symbol: BabyMATIC + +Binance Smart Contract Address: 0x4d51ea1c87abea6b624f8d6c07c8f52f79ae5163 + +PCS link : +https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x4d51ea1c87abea6b624f8d6c07c8f52f79ae5163 + +Hi Guys I am telling you this is your time to fill your bags with this BabyMATIC. + +Their team is so incredible and transparent and so helpful. + +I have been there from the start and they have been always active in the group. + +So much marketing coming in terms of future vision and don't forget the insane MATIC rewards to basically cheer you. + +So Buy BabyMATIC Before too late. + + +Also, BabyMATIC have Huge Marketing Coming with Fast Track Coingeck and CoinMarketCap Listing. + +Techrate Audit is already out! + + +ROADMAP 📣 +----------- + +Token Announcement + +Initial marketing through small Telegram Shill Groups + +Pancake Swap Listing + +Regular giveaways in Telegram and Twitter + +More Telegram Shilling in Major Big Groups + +Website launch + +Litepaper release + +CMC Application + +CGC Application + +Youtube Influencer Promotions + +Push on Chinese Community + +Regular influencer shills and endorsements + +Paid Dextools Push + +Btok ads + +Audit + +Billboards + +Exchange listing + +Merchandising + + +Telegram : https://t.me/BabyMaticRewards + +Webiste : https://www.babymatic.net/ +This is a commonly held belief at least on this subreddit if not in other corners of the forex world. Frankly I think it's ridiculous, I'm going to tell you why I think that, and this being the internet you can tell me where I am wrong. +The kernel of truth here is that if you have some secret formula you don't want to give that to everyone. That makes sense because you worked your butt off for this skill and you don't want to give it to everyone. Does this mean that you will never teach anyone anything? Does this now mean you can't even impart the basics and some tips and things to avoid? Of course not. Successful traders could impart some portion of their skill quite easily. + +So what would motivate a guru, educator, youtube personality? I can think of a few reasons form positive, to negative, and neutral. + +**Negatives:** + +Pure greed is top of this list. How much money do you want right now? How much would you be satisfied with right now? The dirty secret is that once you get there, it is extremely easy and common to move the goals. You suddenly want more, you have expensive tastes, or friends that you need to keep pace with. Google "lifestyle creep" if you want more info on that. +Here’s another one that lies in all our hearts: ego. You want to be praised, you want to be told you are so smart, you want people following your every word. Especially common with youtube types and less with 45 year old finance nerds vanity publishing books with Wiley. + +**Positives:** + +Let's say you have an amazing system but you have no capital. What's a person to do? Prop firm is one way, another is to sell a portion of your knowledge via books and videos to get cash. This could be a motivator. + +How bout this one, someone who changed their life and wants to help others do the same? What a concept huh? If you can’t imagine this person existing you are in a dark place my friend and I hope you can get out sometime. These people may be rare, but I will not say nonexistent. + +**Neutral:** + +I have a family member who has a doctorate in psychology, and wrote a book on the psychology of retiring. One of the main points of that book is that people who think they are going to retire and just watch TV, play golf, and day drink are in for a bad time. Depression is very common in these types and they usually just wither away and die. Human beings need a mission, we crave challenges, and we need a reason to get up in the morning. If you are a wildly successful trader with no job to go to and you trade an hour a day, you really need a job or hobby. Producing forex videos and content is an option. + +Last thought is that there really isn’t a secret to give away. I have listened to literally days of interviews with traders and there is a common theme that they talk about: the mechanics of trading is easy and the psychology and discipline is hard. That means the strategy we spend so much time worrying about is actually not that important. Go grab the damn trading rush macd strategy and only trade with that for a month. Maybe tweak it a bit and you will learn everything about it. I will bet that that strategy is good enough for you to retire in a few years. + +So how can you tell the motivations of some rando forex dude on the internet? You can’t. Some are downright frauds and some are just bored and trying to help. You can be super paranoid or you can buy your ticket and take your chances. But assuming no on successful will ever impart any wisdom is ridiculous. +I use to own cats before being homeless and I was in my storage unit and found cat food. I haven’t eaten in a few days so I desperately ate some. I faint easily and was feeling myself becoming woozy and unsteady. Literally an act of desperation + +It was awful + + +Update: hey I got an overwhelming response. I’m ok and didn’t expect this much attention. I’m ok!! I’m safe and was able to get some canned food and a $4.44 ($4.77 ripoff!) +Edit: It's been 7hrs since I posted this, I did not expect so many people to comment. I'm reading everyone's comments and I apologize if I do not reply to every single comment there is a lot! But I sincerely appreciate all of you, This doesn't just benefit me, It helps others that are also looking for budgeting on this sub! I'm glad to have such awesome people on here..You guys rock!! +A close relative of mine wants my bank routing number and account number to give me some money as a gift. I have received money from this person in the past but in the form of a check. Now they want to deposit it electronicaly because it's easier for them and more secure than sending a check in the mail. Obviously those numbers are on every check I write so I'm not too worried about giving them out. The problem is that their bank is going to make a couple of small deposits into my account. Then I'm suposed to tell my relative what the deposit amounts are. This leads me to beleive that my relatives bank is trying to verify the owner of the account, right? They are trying to verify that my relative is the owner of my account in other words. Won't this allow my relative to not only deposit money but withdrawl it as well? +2 years ago, I was in a demanding well paid job (Sales Engineering) where despite the perks, pay and status I found myself often day dreaming about retiring to a tropical island and checking on my FIRE spread sheets to see how close I am. After a lot of soul searching, I decided to quit. Went on a mini retirement for a few months and switch to a much easier job I knew I could coast in at a 40% paycut. This is a follow up to [the original post I made at the time](https://www.reddit.com/r/financialindependence/comments/96jo5r/your_fire_obsession_may_be_a_symptom_of_stress/). + +&#x200B; + +That was hands down the best decision I have made for my quality of life. My outlook of life and future has changed rather dramatically since then but here is a brief list of things I did and lessons I learned: + +&#x200B; + +**TL;DR**: Mini-retirement and switch to lower stress role completely changed my outlook of work. I went from wanting to FIRE ASAP to wanting to go back to work and stay there. The change has persisted for 2 years now. I now no longer see myself ever fully retiring. I should be FI in about 6 years but I don't see it changing much in my life. + +&#x200B; + +**Events**: + +* Setting up 3 month mini retirement: After I quit my job and landed the new role, I realized I hadn't had more than a week off in my entire adult life. I decided it was foolish to plan the rest of my life to work for retirement but never even sample it. And man am I glad I did. I negotiated a delayed start date with my new manager. He had worked with me before and wanted me badly on the team so he agreed. +* First month off: During the first month off I did exactly the type of thing you'd expect someone released from the bondage of work to do. I flew across the country. Drove down the west cost all the way from Canada to San Diego and back, camped in national parks all the way through. Visited family and friends all over the country. +* Emulated retired living for 2 months: The next two months I intentionally tried not to treat my time off as a big vacation and use this time to learn how life would be after retirement. At first many of my days became really unproductive and overshadowed by a feeling of uselessness and slow decay. I usually have no trouble with motivation but I found myself struggling to do much more than play games all day in my PJs. This is when I learned that I have very different mindsets for when I want to get shit done and relax. In order to put myself in the right mindset I started to structure my days a little more. Wake up at a certain time and get a morning routine: shower, coffee, walk. Work on a few personal projects for a few hours to feel a sense of accomplishment. One thing that I started to miss a lot was the social contact at work. Seeing my friends frequently quickly became a very important part of my life during this time. +* New role (QA Engineer): My new role turned out to be exactly as relaxing as I had remembered. There is this implied social narrative that all jobs are equally challenging especially if they pay similarly. Nothing could be further from the truth. No one will openly admit they have an easy job. On top of the fact that very few people have had more than 1 serious career and thus have no accurate way of comparing to other positions. This is my third (did software development as well) and I can confirm that the level of overall stress and cost/benefit ratio between roles even in the same company can be drastically different. + +&#x200B; + +**Lessons learned**: + +* FIRE (specifically RE) fantasies were nothing more than sophisticated tools of escapism. Once I eliminated the main sources of stress from my job, I automatically stopped living in the future. It is an unhealthy way of not living in the present and living life to the fullest. +* Work provides a lot more than money for most people. Much more than people give it credit for and most of it unappreciated. It's also a major source of structure, socialization, challenges, recognition, sense of accomplishment, identity and sense of purpose. In it's absence, you have to recreate a lot of these things on your own except often not as successfully and without the money or motivation. +* Socialization outside of work is really difficult. If you already have a well established social circle and do not plan to move, you might be fine. But if you are planning on meeting people, it will become exceedingly difficult to form strong bonds. Strong bonds often require suffering shared negative experiences together. School and work have a natural way of doing just that. Recreating that when the baser needs are satisfied is much harder than it seems. +* Never settling for a stressful position. The only regret I have is me trying to hang on to positions that were actively hurting my health and not appreciating the amazing life experiences that were passing me by. The money I traded those experiences and my limited time on earth for, has already lost much of its significance. + +&#x200B; + +By the end of the 3 months I was aching to get back to my work routine. HR messed up my start date in the new position by pushing it forward a week and I was disappointed enough in it that I asked the manager to get it fixed so I can start when I wanted. +With the current situation I'm afraid we're going to start seeing a ton of small (and large) businesses go bankrupt, unable to afford payroll and rent. Especially the ones who are "supporting their employees" by keeping them on payroll without any revenue coming in. When restaurants go bankrupt, banks lose. When airlines go bankrupt, banks lose. When all those employees from those bankrupt companies can't pay their mortgage or credit card, banks lose. + +IMO banks should be positioning themselves the best way possible to ride out this economic shitstorm that has barely even started yet. A credit crunch is coming and what are banks doing? Offering payment holidays, and making ppl feel "less stressed" when they lose their job. It's a good PR move but is not preparing them for the unprecedented credit losses that are only a few weeks away. +Before COVID, we had talk of overvaluation of prices and that a correction was due to come. Then we get hit with the pandemic and everyone hits "Get the f**k out" on their investments + +Few months later, it roars back to comparable levels and now we're all expecting another crash + +What if this is the new normal? - people willing to pay higher P/E and if levels sustain and the economy catches back up in line with current expectations reflected in prices, it could possibly not come back down to March '20 levels again + +Is this noise gonna disappear and prices crash or will we have continued gains despite the situation based on optimistic expectations? + +(Yeah we all don't know for sure, but what do we expect?) +The website New Liberty Standard was the first website to offer Bitcoin purchases. You were able to buy and sell Bitcoin through Paypal. The person who created the "exchange" basically priced Bitcoin at the average cost to mine Bitcoin. + +&#x200B; + +https://preview.redd.it/5d5tutmfy6s91.png?width=397&format=png&auto=webp&s=7ef6afc8c4ee01f81e25b19620b48e8c770fc33f + +This got me to thinking about the first time I heard of Bitcoin. I was a freshman in college and a computer science major. It was Fall of 2010. I was in the lab when a Sophomore csci major asked me if I wanted to help him set up the \~35 computers in the lab for mining Bitcoin. His plan was to mine every night after classes ended until 8am when classes began again and 24 hours over the weekend. + +Me, thinking it was a waste of time with Bitcoin being like $.06, said no. The guy ended up setting up the computers himself, mining \~2,000 BTC, and in 2013 when the price hit $1,000, sold half his stack to become a millionaire in college. + +Where were you the first time you heard of Bitcoin and what was the price per coin? +Let me start by saying I'm wishing you all gains and like you I'm in the stock market to make money. Now I've been through atleast 3 stock market crashes. This one just seems alittle off. I don't remember seeing this amount of retail interest ever. Maybe due to commission free trading or what not but all this makes me wonder things. Many new investors are investing thinking that no matter what they buy, it will go up. I want to make money as I stated before and it's cool to think that the stock market only goes in one direction but this "casino" in my mind is officially broken. I can't use any metrics to trade properly anymore. I just hold and wait but I don't feel comfortable at all with the price I'm paying for earnings. This just gets me thinking. What's next? Where do we go from here? +Not one to make posts like this, as I prefer memes, DD, and shitposts.. \*BUT\* working in the IT field this is sort of driving me nuts. + +Please Please Please for the love of Chairman Cohen and all things Superstonk related, + +&#x200B; + +\*\*\***DO NOT** click on PROXY VOTE links posted in threads here unless it is posted by an Admin/Mod/Reputable person!!\*\*\* + +&#x200B; + +This has huge potential to be what is called "Phishing" + +quick definition- + + *Phishing* is a type of social engineering attack often used to steal user data, including login credentials and credit card numbers. It occurs when an attacker, masquerading as a trusted entity, dupes a victim into opening an email, instant message, or text message. + +&#x200B; + +If this is done and asks for your personal info, CONTROL NUMBER, etc and you input it thinking you are about to vote.. You potentially could be giving your vote to THE BAD GUYS! + +Most of your brokers should be sending emails with information on how to vote. If not, you should call, chat, email them directly. + +&#x200B; + +Tits=Jacked + +Crayons=snorted + +Cohen=Daddi + +This is the way. + +Spread the good word + +&#x200B; + +That is all. + +\-GHS +What's poppin apes, u/possibly6 here with some bias that I indeed can confirm will confirm your bias. confirmed. + +As always, this aint no mothafuckin financial advice, hoe. The views expressed here are solely my approach to investing in this specific equity. I ape an am. + +obligatory. + +To preface, for any new apes, I am a daily technical trader. I make a living by identifying patterns and executing trades based solely on what I see on my charts. As someone who day/swing trades every day, I NEVER day trade GME. I have been holding since late November, haven't sold a single share. I hold xxx shares now. + +&#x200B; + +[bias of confirmation in the process of being confirmed with bias about confirmation idk6](https://preview.redd.it/u5wu6mgknzv61.png?width=236&format=png&auto=webp&s=f888d58c3d483ad07529fe50ae07904dc378d5aa) + +Apologies again for the lack of daily posts. I feel like my work is often times drowned out by fluff and memes, not really an issue just not super motivating if you catch my drift. + +In my last post I talked about how it seemed that our price action mimicked that of January. if you want to check that post out here you go: [https://www.reddit.com/r/Superstonk/comments/mv2bx9/price\_action\_nearly\_identical\_to\_jan\_squeeze/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mv2bx9/price_action_nearly_identical_to_jan_squeeze/?utm_source=share&utm_medium=web2x&context=3) + +Well FINALLY I wake up and I see my favorite stock going up in value. There has been a lot of great work by apes around the sub in recognizing that GME was selling shares to apes while simultaneously keeping the price at max pain points. + +Ah yes, the great equalizer. + +[ah yes](https://preview.redd.it/y1zlf360ozv61.png?width=940&format=png&auto=webp&s=5b3c6b7659df08733cf8277fe323ff0d0eacd7ff) + +So now that bankruptcy is completely ruled out, why haven't the shorties covered? Cause they dumb lol. These guys don't want to admit defeat by a bunch of crayon eating apes, and I don't blame em. + +Enough of the memes, let's talk price action. Here's my view of GME over the past few days: + +[1hr View](https://preview.redd.it/685fh3qbozv61.png?width=2858&format=png&auto=webp&s=832182862fdc4bf870bf3998b710c1f7ba73282a) + +If you follow me for regular EW updates, I ended up redrawing the waves we are in. The movement on monday looks to be the start of a wave 3, but it is not quite finished. I have tried to explain EW theory in my previous posts, it hurts my head sooo much trying to describe it, but I will try to put it in ape terms. + +In its simplicity, Elliot Wave Theory is no more than the manifestation of human nature in financial markets. The market moves in waves. 5 impulse waves and 3 corrective waves with waves inside of waves. This picture explains it pretty well. + +[EW inna nutshell](https://preview.redd.it/cjawb2hwozv61.png?width=872&format=png&auto=webp&s=3182683dd303f2068986af613a629ba5d4fc9891) + +The way I see it, we are HERE: + +https://preview.redd.it/btq7s635pzv61.jpg?width=872&format=pjpg&auto=webp&s=01eb69ac6f3f66b1fda64c65025946cf30dd775d + +Here's a bigger view of what I see for GME: + +&#x200B; + +[GME 4 hr](https://preview.redd.it/tdpe9os8pzv61.png?width=2858&format=png&auto=webp&s=d6be2b410295f8541bfa8056222d4bac11aa294a) + +In some of my previous posts, I mentioned my wave 3 of 5 target is somewhere around 220 before a slight correction. + +The downward move at open today was entirely predictable and 165 was the buy area I was watching today to buy more of my favorite stock. allow me to explain why. + +Refer back to the EW diagram above, specifically waves 1 and 2. The wave rules apply on all time frames. After a downturn period, when there is a significant move upwards, this often marks wave 1 of 5. Wave 2 of 5 targets **AT LEAST** a 50% correction from wave 1, though often times the 61.8% level. + +You can visualize those levels below: + +&#x200B; + +[GME 15m](https://preview.redd.it/fnjui85tpzv61.png?width=2852&format=png&auto=webp&s=dd166d954fc2d5f6e04adeef3bbe8e3d06e8f78c) + +Compare this to the diagram above, the price action is totally logical. + +Wave 3 targets a 1.618 extension of wave 1, with GME, that is visualized below which gives us our wave 3 of 5 pt before some retracement action. + +&#x200B; + +[GME 1hr scaled](https://preview.redd.it/omtb09p3qzv61.png?width=2858&format=png&auto=webp&s=c6d3b3000800790156aa5db87e625535520ca75b) + +Will we see this target hit tomorrow? possibly (6) but as always idgaf. What I think will happen is we will see price hit a low of around 172 tomorrow (61.8% retracement from wave 1). + +I anticipate this because, as you can see, we trended downwards after the news that GME finished their sale of 3.5m shares. Thus, the upwards trajectory from today after the morning dip was a smaller wave 1 completing. naturally, a 50%-61.8% correction is expected before wave 3. Visualized below: + +&#x200B; + +[GME 5m zoomed in ](https://preview.redd.it/9eb8kgekqzv61.png?width=2858&format=png&auto=webp&s=2dd8e81c6e3e48f61fb68295b19a1386eedb1e26) + +Whatever happens, I'm **FUCKING JACKED**. + +Before I sign off, ignoring EW, we just broke out of the mega wedge, as I'm sure you have seen across the sub. MACD on the daily just crossed as well which is a HUGE bullish signal. + +&#x200B; + +[GME daily chart](https://preview.redd.it/ra295gvuqzv61.png?width=2852&format=png&auto=webp&s=0b30eb4cc4893438dd44f2feeef3bda7ff8eab60) + +Let's zoom in: + +[JACKED.](https://preview.redd.it/jtagem9yqzv61.png?width=2854&format=png&auto=webp&s=d472c762a1cb2ca8532e8863373317e59c575692) + +Everyone that says "oh technicals don't apply to GME it's so manipulated" is ignorant in my eyes. EW is not typical TA, it is human nature, which is why it is so accurate. Every field has formulas to prove the findings, EW is the stock market's "formula" per se. There's a reason it's accurate. + +If you read all of this, you're dope. Be excellent to each other. + +TLDR: lots of pictures and colorful lines, GME go up. Expecting a low of around 172 tomorrow before a slight reversal around the 217 area. Possible but highly unlikely we fall back to 165 before 217. Don't day trade GME. if you do, fuck you. Sorry not sorry don't be a bitch. + +edit: to clarify, not saying 217 happens tomorrow, that is simply the next target to complete wave 3. Possible it happens tomorrow, but its not 10m so does it matter? **nope.** + +edit 2: Remember, VOLUME is the biggest driver in price. EW does not necessarily account for volume which is why I don't put timeframes here, though it's fun to speculate isn't it? + +Obligatory 🚀 🚀 🚀 🚀 🚀 + +edit 3: FIDELITY MAKING A NEW APP LETS GOOOO [https://www.reddit.com/r/fidelityinvestments/comments/n0fvgz/meet\_the\_new\_fidelity\_mobile\_beta\_trading/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/fidelityinvestments/comments/n0fvgz/meet_the_new_fidelity_mobile_beta_trading/?utm_source=share&utm_medium=web2x&context=3) +The public school we send our kids to typically has quite the number of fundraisers. We are more than happy to support. I send my kids in with the money or place a order and call it a day. I also get in contact with the PTSA and fund other students fundraising because I believe low income students deserve to join in on the parties or activities that the other students are doing. +So for those with kids or those who plan on having kids:how will you handle school fundraisers/how do you handle them? Do you select the highest prize level,choose the one most students will be getting,not do fundraising whatsoever or something else? Just curious. +The Q&A with Vlad just ended. First things first: I was not able to ask a question. The professor ended up choosing the most softball questions imaginable, and even my dumbed-down questions were apparently too harsh for Vlad’s delicate constitution. + +With that said, I figured I’d give a play-by-play of the class since I’ve kept you waiting this long. + +Class started out with a case study, which was a fictional version of Robinhood. This was more or less straight-up propaganda, as it presented a version of things where Robinhood was simply unable to execute the buy orders and Citadel was out of the picture entirely. + + +Then Vlad gave a little talk. This mostly reflected the case study. Vlad insisted that anything but disabling the buy button would have caused Robinhood to cease to exist. + +Then the Q and A came around. As I’ve said, almost every question was an absolute softball, having nothing to do with the GME scandal. Only a few questions are worth summarizing: + +First, someone asked about how RH intends to regain customer trust. Vlad claimed that most people were “confused” about what they were doing, so they tried to communicate the “facts” of the situation. He then described a “proportion of people who aren’t interested in engaging with facts” (i.e., apes). His approach for them (us) is to is “deliver positive values” (new products and experiences). Essentially, he’s going to try and make you forget. Don’t let him! + + +Second, someone asked whether RH should try and stop people from making bad decisions. His answer was mostly bland, except for a brief discussion of whether people would have actually made money off MOASS. His claim was essentially that “we don’t know what would’ve happened”, so they did nothing wrong. + +I was really disappointed with the questions asked, and that I didn’t have the chance to ask one. After the talk ended, many of my classmates lined up to ask him questions. Sadly, he shuffled off quickly, surrounded by his crew of lawyers and advisors. + +I hope this wasn’t too much of a tease… stay strong and hold!! +I currently have HDFC Regalia credit card and being offered 6E rewards XI - Indigo credit card as an upgrade. I feel like Regalia card is a better choice than the indigo one and the offer is not really an upgrade and is only useful if one is a frequent flier with indigo, which I'm not. + +Has anyone else received this offer and did you upgrade? Why or why not? +Lets say you find 100K USD under your mattress on Jan 1 2022. You are still 7-12 years away from retirement but are seriously beginning to think about generating enough income to retire much earlier. Assume zero debt. You do have other investments in place but the main objective from tis 100K chunk is to generate income and grow the principle amount. + +Some choices that come to mind are to invest in + +A. Index ETFs that pay some dividend - SCHD, VOO etc. + +B. Quadfacta and similar high yielding instruments - QYLD, JEPI, NUSI, DIVO, GOF, BIT, BST etc. + +Don't forget the super elevated stock prices currently and in January. + +So, how would you go about deploying 100K in first two months of 2022 to generate income and have 4-5% growth at least? +Guys you did not read that wrong. SoFi has two weekly dividend ETFs. + +Ticker Symbol: + +WKLY: div yield 2.38% + +TGIF: div yield 4.16% + +Has anyone seen this before? + +Would it be advantageous to have this? Would the weekly compounding make a difference? +Hello, +So, I just want to know for someone who saved up like a million dollars, the easiest most straightforward way of investing is by far buying a house and rent it out right? Or are there easier low risk ways to make money with 1 million? +Thank you! +Wall Street Banker here (located in Toronto). My bank is starting to react (or respond) to corrections in terms of headcount. + +&#x200B; + +How are our banks doing north of the border? +I figured out that I've taken in more in SNAP and Medicaid benefits than I've paid in taxes over the past decade. While I am extremely thankful for these safety nets, I feel ashamed that I am a net drain on society, at least in fiscal terms. Anyone else feel like this? I hope to turn it all around one of these days, but I'm starting to lose hope. +I had my showing day today. Lined up 6 potentials. First one qualified and paid deposit. Texted everyone "today's showing is canceled and the apartment is now unavailable, thank you" + +Got back the mother of all responses immediately. + +"Wow, okay. That's kind of bullshit! You couldn't have messaged sooner? Fuck you and your fucking over priced apartment that looked like shit when we went last weekend you dumb fuck. " + +To which I replied "good luck in your search" + +And got back "scumbag." + +Mind you the text was 5 hrs before their appointment. + +I've been doing it this way for years. People are just at the end of their rope and I got the hate for it. + +All in a day's work + +Edit: auctioning a unit is like the easiest way to train your tenant you only care about money. Properly training tenants to realize you care about the property and them makes management so much easier for the next 3+ years of their stay. That's important to me. Ymmv +I’ve been working since almost one year now and have about $20k in my savings account (I have another $10k as an emergency fund). I know this is not enough to buy a house or anything big but looking at the inflation rates it seems like investing in small real estate funds is the best step. +I started reading about REITs but didn’t understand it completely. Is there a resource out there which can help me? Also is it too soon to be thinking about real estate investments? +I have an addiction of looking at my portfolio. I check for at leat 40-50 times a day. Sometimes I keep a tab open, look at bids and offers stupiditly. I know for long term it doesn't matter. How can I keep myself away from such things? +[https://www.youtube.com/watch?v=U9kSNzXWku4](https://www.youtube.com/watch?v=U9kSNzXWku4) + +The app suffered a systemwide, all-day outage. The company claimed it was due to an "unprecedented load" on the infrastructure due to volatile market conditions. But then it happened and again. The app crashed three times in one week. A week, mind you, that had multiple days with significant trading. + +Users took to social media to blast the company. A Twitter account called "Robinhood Class Action" had more than 7000 followers in just days. Some even took legal action against Robinhood, which is ironic. You know, the hero being sued? Anyways. + +But let's not forget about the fine print. Robinhood's customer agreement states that it will not be responsible for "temporary interruptions in service due to maintenance, Website or App changes, or failures" beyond its control. + +Always, always read the fine print. + +But this wasn't even close to the worst thing the company faced in this 2020. In June of this year, Alexander Kearns committed suicide after his Robinhood margin trading account displayed a negative $730 000 balance. +Given we can't travel or do pretty much anything else, COVID has substantially cut down on our spending. My wife and my (age: 30's) saving rate is now over 70% (it was \~50% to start). We have substantial existing savings already, and luckily have very good job security. So we effectively have a first-world/FAT problem where we have too much money and no good way to spend it. + +But, one of us has a serious immune deficiency, so we can't go anywhere while COVID is rampant (e.g., any travel, restaurants, and public parks are all out of the question). We're going stir-crazy as we enjoy traveling and going out a lot, and now haven't left our place in over 3 months and likely won't be able to for the foreseeable future. + +What are good luxury purchases or experiences you can do from home that don't involve other people coming over (e.g., massages are a no-go)? + +We're renting an apartment as we live in a large city and are likely moving within the next few years (at which point we will then buy property). We already do a lot of work with non-profits, and just donating more wouldn't do the trick as an "experience." We also already cook a ton ourselves. + +Any ideas would be greatly appreciated. +https://news.microsoft.com/2020/09/21/microsoft-to-acquire-zenimax-media-and-its-game-publisher-bethesda-softworks/ + +MSFT announced this morning that they will acquire ZeniMax studios and its game publisher Bethesda for $7.5b. Bethesda is known for the Elder Scrolls and Fallout series, two of the most popular RPG series of the century. This is another addition to recent MSFT video game acquisitions, other major ones being Mojang and Obsidian. +Hello everyone, my question is directed to full time traders. I started trading in my 3rd year of university and its been about 5 years now i wouldn't call myself a full time trader as I still live with my parents and make only enough to pay bills and put food on the table. + +One the challenges I didn't expect when deciding to go full time trading was explaining to people close to me what I do for a living as most people equate trading to gambling and and scam. I've had incidents where I have been scolded for not having a "real job" or people just downplaying my progress by telling me that it's just a phase and I'll grow out of it. Sometimes it feels easier to tell people that I'm a professional assassin rather than tell them that I'm a full time day trader. + +TLDR; should I even bother explaining to people what I do for a living? + +Edit :after seeing the responses to this question I have realised that it was an obvious question, much appreciation from all redditor who took the time to answer. +So basically, I have a 760* credit rating (only there because I have no long-term credit history, though I have a car loan on a new car I just started paying to build that up as well). + +Out of nowhere, Friday afternoon, my credit cards from Chase stopped working entirely. I logged online, both accounts were closed. Not only is this inconvenient for me, but I have about 87,000 points (about $870) that I can no longer use. Additionally, this closes my longest credit card account that was open for over 5 years. + +What can I do about this, because this really screws me. These were the only credit cards I used (2 from Chase) + +**Edit:** Logged into CreditKarma to see if there was any weirdness going on, credit rating apparently 760 before this, not 740. No accounts closed there. No accounts/inquiries that I didn't make. + +**Edit2:** Called them again, went to another supervisor above the woman I talked to this time, she said that they don't have access to that information, only the executive offices do, that any credit applications I make to Chase will be rejected, and that I won't be able to open another account with Chase (ever) and the letter has not been mailed yet. I just got absolutely fucked + +**Edit3:** People apparently think I'm churning; no, I'm not. I crossposted it because I wanted to know if they had any insights, and I only knew of the subreddit given the suggestion of a poster IN THIS THREAD. So no. There's no churning, I've done nothing that constitutes churning in any fashion. + +**Edit4:** Credit Rating was apparently 783, then dropped 15 points to 768 today (according to Experian) + +**Edit5:** Any good credit card recommendations that have no Foreign Transaction Fees and good benefits? Or just good benefits for people with good credit ratings? Gotta jump on a new one ASAP +I wonder if dating apps increase or decrease interracial/ethnic relationships. + +On one hand you may match with people you otherwise wouldn’t meet. + +On another hand you may be more likely to stereotype using online dating versus someone you are aquatinted with irl due to less information. +I’ve realized that my line of study opens the door to a wide variety of options within business among other things. I’ve found that the most common path is analysis, and I’m wondering if these are the types of jobs i should be hunting for. (I’m sorry if this sub is the wrong place to ask this, but figured there are some folks on here that were once in my position as well) +TA:DR +Toxic swaps are about to explode again for the first time since '08. You likely already know this, but its fun to read again. Buckle up buckeroos + + +Around last September an employee at a [bulge bracket bank](https://en.m.wikipedia.org/wiki/Bulge_bracket) (supposedly, we never can really know) posted an illuminating write up of his findings after researching his colleagues' active [Total Return Swaps ](https://www.reddit.com/r/Superstonk/comments/pbqrf4/bearish_negative_exposure_trsetrs_the_full/) agreements. + +With all the talk about swaps, and TRS in particular, let's remember that we've been told about this for a while, and if you haven't already, you should definitely buckle up. + + +Here is the original text from that post: + +All credit goes to u/zyzzbrah21 + + +"Let me preface by saying, my brain is incredibly smooth, but because I have all my FINRA licenses, this is financial advice (oops). Now I started off as a smooth brain retard in college with a mid 2.0s GPA and somehow by the stroke of luck (and lying on my resume, why? bc fuck their standards) I managed to get a role in Fixed Income Sales & Trading at one of the Bulge Bracket Banks. (Very happy to verify this with the mods if they need me to). + +That being said, I've been a lurker and Ape since mid-April and wanted to stay quiet bc at the end of the day when the House of Cards comes crashing down, I'm out of a job, but at least my bank account will look like a phone number. Over the last few weeks, I've started digging into a good amount of TRS/ETRS for both fixed income and equities at work and there is something that I uncovered that really painted a picture of just how fucked the world is because all these idiots that I work for and work with have gambled all of our money away over the last decade. (Now this has been talked about, but I want to dive a bit deeper on the dominos) Alas, I give you: The Bearish Exposure TRS (Negative TRS). Now I'm not good with pictures and graphs.. like I said low 2s GPA. but try to stay with me. + +So I work in FICC sales in which we deal a lot with TRS on Fixed income securities such as Libor, SOFR, various, benchmarks, and Treasury Bonds. That is fairly simple: + +US 30Y Bond TRS: +Counterparty A (Kenny) pays Counterparty B (Investment Bank) a fixed rate (0.05%) on X Notional (1BN for example) +Counterparty A (Kenny) receives Total (positive) Return (or pays Total loss) on 1BN 30Y Bonds over a set period of time (months or years) + +Now as a TRS trader at an investment bank, it's fairly simple to hedge this position. You turn to your bond trader next to you and have him sell you 100BN 30y bonds that way if Kenny's position increases, you are ok because you actually own the asset as your hedge. No matter what, you are walking away with the 0.05% fee that you are getting paid to do this which is a great deal. + +The same applies to equity TRS (think ape, think): +Kenny pays 0.05% and receives TRS on any stock or basket of stocks he wants.... At least that's the proper way to do it. + +But these clowns couldn't stop there... now I present to you: Bearish Exposure TRS on GME (or a meme stock basket): +Counterparty A (Kenny) pays Counterparty B (Investment Bank) a fixed rate (0.05%) on X Notional (1BN for example) +Counterparty A (Kenny) receives Total Bearish (negative) Return (or pays Total positive gain) on 1BN Notional of our favorite stock over a set period of time (months or years). + +Now here lies the problem, how the f*uck does an Equity TRS trader hedge this thing. OH, THAT'S RIGHT, YOU TURN THE CASH EQUITIES TRADER NEXT TO YOU AND SHORT THE STOCK. +-in this case, if GME goes down and Kenny is owed tendies, you are covered because you shorted the stock and can now pay out the bearish return while still making the fixed rate that you receive from Kenny. That a win?? Right?? Wrong. + +This is when I realized that the music had stopped and swiftly proceeded to move my entire 401k, and useless company stock to GME on top of what I already had. + +The reason citadel and friends need to use these bearish exposures ETRS's is because there may literally be no other way he can get a borrow to short the stock. Also, many market makers find it quite profitable to these TRS's because of course they make their 0.05% and their heads are so far up their own asses that they assume the house always wins..... until now. + +The dominoes start the fall... + +As the next gamma squeeze approaches and market makers slowly eat themselves alive without realizing it, the following will unfold: + +SHF's now have un-imaginable short exposure to a basket of stocks (specifically concentrated in GME) in both short positions, optionality and, negative exposure ETRS. (god help us all). +As call buying drives GME into a gamma squeeze (while market makers hedge their short calls), the value of the stock market will likely decay along with any collateral that short hedge funds have posted against their shorts. +Some crusty fat guy up in risk management will walk in and realize the end is near and now they all gather to prepare for the end. +our beloved marge is called.. now here is where it gets wild.... what happens when you fail a margin call??? That's right, forced liquidation. +By now we are already seeing numbers we couldn't even imagine. but it doesn't stop there...With SHF's gone.. there is this one little problem... WHAT HAPPENS TO ALL THOSE NEGATIVE ETRS SWAPS?? I'll tell you what.. They go, poof. And when a TRS counterparty that was supposed to pay you if a stock goes up goes poof, no one and I mean no one will be able to pay you that return that you were owned by Kenny since the stock soared to infinity. +And that's when you realize it all over because you just shorted a billion notional of a stock that's up 10000% to hedge a position that doesn't exist anymore. I'll let your imaginations paint the rest of the picture. +You (the TRS trader) piss yourself as the walls close in, your boss comes over and takes a piss on you, his boss comes over and does the same. you're all covered in piss as you walk outside, jobless, to a bunch of apes with fruit up their ass that took you for all the money in the world. +Now I've never written a DD before but this one seemed fitting. Once again, my brain is pretty smooth so there is some retardation to this all, but hopefully, it's enough for some of you to understand the general idea of it all. This is only a piece of the puzzle but it's one that they have been trying to hide because it really paints a picture of how deep the rabbit hole goes. SHF's, Prime Brokers, Market-Makers, DTCC, & The Fed in that order are going to feel whats it's like for the House to finally lose and I can't wait to stand there with you all when they do. + +That money in the caymans is ours, the money at the investment banks? Ours. The money at the Fed, believe it or not... ours as well. It's time to reset the natural order of the world. GLTA." +If you are journalist - speak loud. +If you know journalist - make him/her hear out. +Use all social networks, groups, economic forums. +FLOOD the net with this. +Make even the most simple, ordinary person understand he is being robbed and this can end. +Because we know. +This. +Hey, + +I currently owe about £242,500 on a mortgage, payments are about £1100 p/m, fixed rate coming to an end and the bank is not allowing me to get a new fixed rate. Interest rate is going to jump from 1.72% to 4.24%, costing me an extra £300 p/m in interest that I can't afford. There is also rumblings all over the news that the BoE will increase the base rate to 3%, which would result in my mortgage interest rate being something like 6.8% or £1780 p/m.Currently approx £5000 arrears that built up during COVID from being furloughed. + +I've already spoken to a broker and I can't remortgage elsewhere due to the arrears, so my curent lender is going to end up repossessing if I don't keep up with the new payments, and it feels like a scheme trying to get more money out of me. + +&#x200B; + +Is there anything I can do? +The 10% of people early in on meme coins are not here to be your friend, and the only joke they are laughing at is luring newcomers into a cleverly designed marketing trap to dump on them. I honestly just feel bad for a majority people here talking the talk, thinking they are clever for owning fartbucks or whatever cringe shit is trending. It's like all the old movies where a group of high-school jocks pretends to be nice to the loser only to turn on him in front of the whole school in the end. + +If you are here to make money....stop investing in bullshit. The rare cases you are shown of people making money are all a part of the plan. You are being spoon fed memes and laughed at. You are the meme. +**Alright, I'm listening.** + +Things have gotten ***slightly*** out of hands the past weeks, with the bull market, the sub have had some massive growth, and as a result, an influx of people with bad intentions. + +The sidebar explains the purpose of the sub, and the risk of being here, but that alone is clearly not enough anymore. + +Keep in mind, these changes are **experimental** and will be monitored over the following weeks. + +**Changes going forward:** + +* Account age of **1 year** required to **both** submit and comment on a new post is now required. *Reason:* With 136k member as of writing this, there is enough people with this account age to be able to submit legit moonshots. +* The karma requirement of 10 is still in effect as well. +* The subreddit description have have been updated with the following: "Make sure you read the sidebar before participating. THIS PLACE IS NOT FOR YOU IF YOU ARE NEW TO CRYPTO. " +* Removed the following line from the sidebar: "Message a mod if you feel that you have high value to contribute and an exception might be made for you. " The 1 year requirement is now **strict**, and no exceptions will be made. +* Meme/shitcoins are still to be flaired as such, **PLEASE REPORT** every coin that is attempted to be disguised under another flair, this will result in the removal of the post, and the submitter being banned. **What is a meme/shitcoin?** Simply put, **a coin with no purpose.** +* Manipulation: The following line was added to the sidebar a few days ago: "**Be extra critical towards submissions with high amount of awards/upvotes! Manipulation that is reported with evidence presented, will result in the submitter being banned and the thread being removed.** " Please make sure, that if you report a post for manipulation, no matter how obvious it may seem, evidence is required. This could be a screenshot of a telegram/discord channel where devs/users are encouraging brigading. + +These changes are already in effect, and hopefully this will put this community back on track. + +On another note, the community [Twitter](https://twitter.com/CryptoMoonShots) was remade a few weeks ago, feel free to give it a follow :) + +Love you all <3 (except you manipulators, you can f\*ck right off.) + +\-LucidDreamState + +**Edit:** Also new submissions of less than **600 characters** are automatically removed, so is the "discussion" flair. This should ensure that all submissions are of some quality, as well as avoiding all the "what are the best coins on X exchange". + +**Edit 2:** If manipulation is proven, you can expect **ALL** your dogsh\*t coin submissions to be removed, well into the future. And yes, I keep the evidence being submitted. +Brands, whether in fashion or auto industry, are all racing to advertise themselves as more environmentally friendly than other brands. + +It seems the seal of environmental-friendliness has become a new mark of luxury everyone goes after. Patagucci and +Evian is well known for its efforts to save the environment. + +While I support activism against environmental problems, when I see such brands "marketing" their environmental friendliness, I don't feel comfortable for some reason I don't understand. (Although impact-investing and microfinancing have shown pursuing social virtues and gaining profit at the same time is not impossible...) + +I wonder whether there is a less-well-known economic problem resulting from brands advertising themselves to be environmentally friendly (maybe something other than a decrease in efficiency argument). +I graduated in June of 2019 with B.A. degrees in both international affairs and economics. My end goal is to establish a career in economic development with an IGO\* such as the World Bank or UN. My issue is that I've been out of school for 9 months and haven't even had an interview. I'm terrified of taking the extra classes I need to get my master's in economic development and being back in the situation I am now but wit two years less time and more debt than I have now. + +Are my B.A. degrees totally useless or is there somewhere I should be looking for career counseling? + +I had to work full time throughout school and did not have time to complete an internship and it's really coming back to bite me. +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! + +*It's been a tough day, and we're grateful to you for being a r/CryptoCurrency subscriber.* + +Cryptocurrencies are open and permissionless. That's kinda the whole point. You can send money to anyone, anytime. You can trade on centralized platforms or directly peer-to-peer. It's totally up to you. + +If some exchange prevents trading, you can always trade somewhere else. They can't stop decentralized networks. If you hold your own keys (cryptography that allows you to send and receive funds), you have freedom to do whatever you want with your money. + +But... pump and dump groups are not good. r/CryptoCurrency is ***NOT*** a pump and dump group. + +Cryptocurrencies have seen their fair share of pumps and dumps. The distributed nature of them mean that anyone can attempt these at any time. Experienced cryptocurrency traders are extremely familiar with them, since they happen all the time. It's normal to see random "altcoins" appreciate or depreciate more than 100% in a single day. That's normal here. Everything is 100x. + +We encourage you to learn about cryptocurrencies and to take advantage of their freedom and censorship-resistant properties. But please, follow our rules. Us moderators take the role of preventing manipulation here (of all types) extremely seriously. + +Thanks, + +The r/CryptoCurrency Moderation Team + +--- + +Do you have no idea how cryptocurrencies and blockchains work? Don't panic. Everyone needs to start somewhere. + +Have 25 minutes and want a laugh? See this episode about cryptocurrencies on Last Week Tonight: https://www.youtube.com/watch?v=g6iDZspbRMg + +Learn. Focus on Bitcoin first. Your best tool is education. + +Note: you ***earn cryptocurrency for participating in this subreddit!*** Read the subreddit rules first please, then post and comment to earn karma. For each karma you earn, you earn some MOONs in your Reddit app. [Read more](https://www.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I highly recommend reading it on GitHub so you can see images inline instead of having to click on every single link. It makes it a lot easier to compare plots as there are a LOT of images: [LINK](https://github.com/EivindAamodt/Stock-Market-Leverage-Backtests#big-backtest-on-daily-resetting-leverage-on-the-sp-500-index) + + +# Big backtest on daily resetting leverage on the S&P 500 index + +### "Leveraged ETFs Are Not a Long-Term Bet" myth + +[Daily resetting ETFs are often called a poor long-term investment.](https://www.investopedia.com/articles/financial-advisors/082515/why-leveraged-etfs-are-not-longterm-bet.asp) This is mainly because of volatility decay, also called beta decay. The most common example I see is that whenever the underlying index drops 10% then gains 10% the next day, a leveraged portfolio would lose a lot more value compared to the underlying. + + +Underlying: 100 -> 90 -> 99 - 1% loss + +3x Leverage: 100 -> 70 -> 91 - 9% loss + +A 9% loss is not a 3x of 1% loss! + +A plot showing what it means in practice: + +[Volatility decay](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/volatility_decay.png) + +What is often forgotten, is that the daily resetting also helps and serves as protection in some cases. Let's take an example where the underlying drops 10% four days in a row: + +Underlying: 100 -> 90 -> 81 -> 73 -> 65 - 35% loss + +3x Leverage: 100 -> 70 -> 49 -> 35 -> 24 - 76% loss + +A 76% loss is a lot less than 3x of 35% loss. If it did not reset daily, the leveraged portfolio would be wiped out as 35*3 = 105% loss! + +The same is also true when the underlying increases multiple days in a row: + +Underlying: 100 -> 110 -> 121 -> 133 -> 146 - 46% gain + +3x Leverage: 100 -> 130 -> 169 -> 220 -> 286 - 186% gain + +A 186% gain is a lot better than the expected 46*3 = 138% gain. + +# Backtests from 6months up to 40 years. 250 trading days = 1 year + + +### 5k lump sum + 500/month DCA: + +### [Lots of data - mean, median, percentiles, probabilities etc.](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/Logs%20output/DCA.png) + +##### Plots: + +| End value compared to SPY | Raw end values | +:-------------------------:|:-------------------------: +|[DCA125](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/DCA/DCA125.png) | [ValueDCA125](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/ValueDCA/ValueDCA125.png)| +|[DCA250](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/DCA/DCA250.png) | [ValueDCA250](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/ValueDCA/ValueDCA250.png)| +|[DCA500](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/DCA/DCA500.png) | [ValueDCA500](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/ValueDCA/ValueDCA500.png)| +|[DCA750](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/DCA/DCA750.png) | [ValueDCA750](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/ValueDCA/ValueDCA750.png)| +|[DCA1000](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/DCA/DCA1000.png) | [ValueDCA1000](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/ValueDCA/ValueDCA1000.png)| +|[DCA1500](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/DCA/DCA1500.png) | [ValueDCA1500](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/ValueDCA/ValueDCA1500.png)| +|[DCA2500](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/DCA/DCA2500.png) | [ValueDCA2500](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/ValueDCA/ValueDCA2500.png)| +|[DCA5000](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/DCA/DCA5000.png) | [ValueDCA5000](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/ValueDCA/ValueDCA5000.png)| +|[DCA7500](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/DCA/DCA7500.png) | [ValueDCA7500](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/ValueDCA/ValueDCA7500.png)| +|[DCA1000](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/DCA/DCA10000.png) | [ValueDCA1000](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/ValueDCA/ValueDCA10000.png)| + + + +### 10k lump sum no DCA: + +### [Lots of data - mean, median, percentiles, probabilities etc.](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/Logs%20output/LumpSum.png) + + +##### Plots: + +| End value compared to SPY | Raw end values | +:-------------------------:|:-------------------------: +|[LumpSum125](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/LumpSum/LumpSum125.png) | [ValueLumpsum125](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/ValueLumpsum/ValueLumpsum125.png)| +|[LumpSum250](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/LumpSum/LumpSum250.png) | [ValueLumpsum250](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/ValueLumpsum/ValueLumpsum250.png)| +|[LumpSum500](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/LumpSum/LumpSum500.png) | [ValueLumpsum500](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/ValueLumpsum/ValueLumpsum500.png)| +|[LumpSum750](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/LumpSum/LumpSum750.png) | [ValueLumpsum750](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/ValueLumpsum/ValueLumpsum750.png)| +|[LumpSum1000](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/LumpSum/LumpSum1000.png) | [ValueLumpsum1000](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/ValueLumpsum/ValueLumpsum1000.png)| +|[LumpSum1500](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/LumpSum/LumpSum1500.png) | [ValueLumpsum1500](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/ValueLumpsum/ValueLumpsum1500.png)| +|[LumpSum2500](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/LumpSum/LumpSum2500.png) | [ValueLumpsum2500](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/ValueLumpsum/ValueLumpsum2500.png)| +|[LumpSum5000](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/LumpSum/LumpSum5000.png) | [ValueLumpsum5000](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/ValueLumpsum/ValueLumpsum5000.png)| +|[LumpSum7500](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/LumpSum/LumpSum7500.png) | [ValueLumpsum7500](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/ValueLumpsum/ValueLumpsum7500.png)| +|[LumpSum1000](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/LumpSum/LumpSum10000.png) | [ValueLumpsum1000](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/ValueLumpsum/ValueLumpsum10000.png)| + + + + +# Some of the later graphs zoomed in for more clarity: + +5000 days (20 years) DCA: + +[DCA5000 zoom](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/DCA/DCA5000Zoom.png) + +7500 days (30 years) DCA: + +[DCA5000 zoom](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/DCA/DCA7500Zoom.png) + +10000 days (40 years) DCA: + +[DCA5000 zoom](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/DCA/DCA10000Zoom.png) + +# Conclusion + +There is not a single 30 or 40-year timeframe since 1927 where DCAing into either 2x SPY or 3x SPY lost money compared to just buying SPY, even when holding through the depression in the 1930s, 1970s stagflation, the lost decade from 1999 to 2009, or ending the period at the bottom of the Covid-19 crash. + +Past performance does not guarantee future results and all that stuff, but it does seem like having at least a portion of your portfolio in leveraged index funds is a great way to increase wealth, with the rewards heavily outweighing the risks. The hard part is having to stomach watching the extreme portfolio drawdowns during market corrections. + +[tl:dr](https://raw.githubusercontent.com/EivindAamodt/Stock-Market-Leverage-Backtests/main/Logs%20output/DCA.png) + +Edit: Accounting for 1% expense ratio of SSO and UPRO: [Link](https://www.reddit.com/r/investing/comments/ooxu94/debunking_the_leveraged_etfs_are_not_a_longterm/h62kxeo/?context=10000) +Been running covered calls on SNDL to the point where my net share cost is zero or soon to go negative. + +On something like a meme stock that likely will get pumped again at some point this seems like a low risk way to cash in on an irrational price jump. Hell, even a nice way to get free shares of a long term hold ticker. +From the time I was old enough to understand what money was my mom drove two things into my head: + +1. Always live below your means +2. Always have a rainy day fund + +I took it to heart, but this month was the first time I really learned just how important those lessons were. + +My husband and I are in the process of buying our first house. We are doing it "old school" with conventional, 20% down. We have been saving for years and after some search found the perfect place at about half the cost of what the bank told us we could afford. It fits our needs and is well within the budget we set for ourselves. 20% down plus closing and general moving expenses means we had to save a LOT of cash, and we insisted we have that money available ON TOP of our standard 6-month emergency fund. + +Everything was sunshine and rainbows until 12 days before closing. We file our taxes and due to a change in our financial situation wind up owing the IRS $1800. Great, pay it from the emergency fund and be done with it. 12 hours later, we learn there was an unexpected death in the family. We live 900 miles away, so that means a last second trip. $1000 in suits/dresses, 3 days off work, travel expenses TBD. But that is okay, because we have an emergency fund. All told it adds up to about $4000 we weren't planning on having to spend this month. + +Without our emergency fund, we would have had to skip a funeral for a loved one, setup payment plans with the IRS, or worse, had to delay the purchase of our home. Instead we will buckle down on our spending for the next few months and recoup what spent from our "rainy day" fund. When it rains, it pours. Do yourself a favor and save yourself some stress, have an emergency fund. + + +**EDIT:** A lot of people seem to have an issue with spending ~$1k on clothing. Well, here is a breakdown: + +$100 - A new, quality dress for me that fit off the rack, is appropriate for a funeral and a host of other functions. I love it. It will last for years. + +$800 - Two (buy one get one free deal) designer suits, two dress shirts (BOGO), two ties (BOGO), and rush tailoring on one of the suits for my husband. Was it expensive? Yes, but they will fit him a whole lot better than the $150 H&M alternative and will also last for years. + +$100 - a large black umbrella, a new belt, a shoe shine kit, other small necessaries + +We had been planning to get him a new suit for a while anyway, now he has two. For every wedding, funeral, cocktail party or work event we go to for the next several years we are set. Saving and being frugal matters, I obviously know and care about that. Spending $1000 to not look like a schlub at a funeral and to have our formal clothing needs satisfied for several years was worth it to us. +*(This was my post 110 days ago which never got approved)* + +Dip is 10-20% down. Don't buy it. + +When it happens, Redditors will jump on you screaming *BUY THE DIP* directly to your ear. Don't buy it. You're calm, your mind is clear, you aren't fueled by emotions. + +Soon it will dip 20-30%. You will notice frequent memes like + +>What I thought was the dip. The dip. The actual dip. The actual dips dip. + +Logically, you still don't take the bait. You play the waiting game. You are in charge here. + +Next leg is minus 30-40%. Some people are borrowing money to buy here, since they spent all of their money on previous dips. Some people start questioning is this just a correction or bearmarket. You will notice posts like + +>When Bitcoin was 60k you wished you bought it at 40k. Now it's below 40k buy now as you promissed! + +You just smirk reading this post, take a sip of your tea, scroll down, turn on radio or something. + +Next leg is minus 40-60% from ATH. Alts are massacred. You will notice that no one will even mention buying the dip, even as a joke. Even people who bought the dips are now down so much, that their stress is somehow even as the literal top buyers. People are now posting predictions of low will it go. + +At this point, you start stretching. Counting your money. Calculating how much can you afford to spend on crypto. Getting prepared for the last stage. + +**60-80% correction, bearmarket acceptance and capitulation phase** + +Suicide hotline number is posted, and pinned by moderators. Divorce rates increase. People are selling for a loss, because they are emotionally damaged and don't want to play this game anymore. Others are just deleting apps related to crypto on their phones. Moonboys are out. Newbies are out. Sub is pretty much dead, low number of comments and posts. There isn't hope on a horizon. + +This is where you start buying. You also accumulate every now or then when you can afford. You do this for next two years or whenever next rally starts. Here's how to recognize when to exit, also know as top signals: + +&#x200B; + +>Matt Damon calls you a (curse word) for not owning a Bitcoin + +&#x200B; + +>Athletes shilling you coins or NFTs + +&#x200B; + +>Talk show hosts changing Twitter avatars to cartoon monkeys + +&#x200B; + +>Katty Perry having shitcoins on her nails + +&#x200B; + +>Miley Cyrus giving you financial advices + +&#x200B; + +>Increasing numbers of Tiktok investing gurus + +&#x200B; + +>Onlyfans girls giving you investing tips + +&#x200B; + +>Youtubers giving round number predictions like 100k 500k 1mm price eoy + +&#x200B; + +>Talking hat showing you meme lines where number only go up till infinity + +&#x200B; + +>Third world countries gambling with tax payers money on crypto + +&#x200B; + +>Michael Saylor buying Bitcoin + +&#x200B; + +>Anyone telling you this time will be different + +&#x200B; + +>Anyone telling you there are no bubbles in new financial paradigm + +&#x200B; + +Take profits here and repeat the process. Thank me later. +Spouse and I have $25,000 that we don't need access to until January 2020. We already have a strong emergency fund set aside, personal IRA's, and TSP (dual military couple). What is the best way to invest this amount in such a short term? + +Edit 1: It looks like we will be going with a CD, thank you, everyone, for the valuable input! +**MAJOR EDIT: This post has been debunked. After a significant amount of discussion with several other users (including u/dlauer) an assumption I made about a section of the data has made both this post and a previous DD (the FINRA Veil) I worked on yesterday incorrect. It sucks to be publicly wrong when both of these posts got a lot of attention, but when you do DD's sometimes you will be wrong. I am changing this now as I am (unfortunately) not able to reconcile that error. I made the post, I should have done a better job of checking the data. Rather than letting this sit overnight as I am about to head to sleep, I would implore a moderator to switch the flair and have put in a request to have this done. I will leave the post up as it is though, as failure helps us apes improve.** + + +I know the title is clickbait. I don't apologize since what I have to share today I feel is important as it helps to add some evidence to how much gas is left in the tank to kick the can. + +So, on June 3rd (yesterday) [I posted about all of the different companies involved in OTC trading from January to end of April](https://www.reddit.com/r/Superstonk/comments/nrr5e0/the_finra_veil_whos_been_trading_gme_every_week/). But I had more good info that I had come across to send out for scrutiny and analysis by other apes, but it was too big for one post. They are from the same dataset and loosely related so I could have said this was a Part 2 maybe. Anyways, I removed the blank share count amounts from the data for this post, as after completing the other post and some feedback, it is not completely clear which parties those are or even what the blank areas are even recording. This DD helps point in the direction of the firms that have been burning gas like mad trying to keep the lights on. I suspect they are about to run out and back it up with data. + +*None of this is financial advice.* + +**TLDR** + +OTC volume decreased from January to end of April. I argue it is because the shares that were being traded off exchange have been sold on the exchange to mitigate buying pressure. Trade size decreased for some firms, but not others. Using the data and graphs here, I argue that the firms that decreased their trade size significantly are likely the ones in the most trouble. Scroll to the bottom to see the firms that are probably in the hottest water. **Based on these two facts and the steady price increase in May that followed this four month period, the data and the price show that the gas is running out, so HODL.** + +There are some firms doing weird 1-share OTC trading, so I just recorded them as well. Not worth a separate post. + +**TLDR DONE** + +The full list of involved parties is relisted in this post here with some graphs to display their activity. **Check the other post if you want to read how it was determined these groups were involved at some level or grab the data I used**. It DOES NOT necessarily mean that every group here has a short position since they aren’t required to report those, only that they traded GME consistently in the OTC market from the months of January to end of April. + +Given how the price since the beginning of May has been steadily rising, I have a theory that uses the previous data from January to April. Interestingly, when you aggregate this data by week a few interesting anomalies emerge. Though I am making use of it here, I would suggest taking data from FINRA with a grain of salt, but that applies to any financial data for retail nowadays. It’s the best we’ve got, so let’s dig in. + +**Anomaly #1** + +**Hypothesis:** Decreasing OTC volume needs to go somewhere and since retail isn't selling based on OBV, I suspect that volume is heading to the exchange to be sold to keep the price down. + +OTC trading declined significantly over this period for GME. Not much to argue about here. Volume went DOWN. + +[OTC Volume Decreased](https://imgur.com/t1spZyq) + +Total GME volume decreased during this period as well. + +[GME Volume Decreased](https://imgur.com/R9Sz1pn) + +But we knew that. **But that massive price dump in February down to $40 likely came from a combination of paper hands and OTC shares being moved back onto the exchange.** + +If retail isn’t selling their shares, where do the daily shares come from? Probably some institutions, but it’s always felt like the “bad players” are consistently dumping shares into the market quickly using HFT and that’s the spiky downward behavior that’s been experienced. I’ve suspected for awhile that they aren’t necessarily rehypothecating new ones into the open market, but instead are moving counterfeit shares that were being previously trade off exchange back on to the exchange to help mitigate buying pressure. **What better place to hide this massive pool of shares than in your own back pocket and keep it off the exchange?** Anyways there seems to be a ton of shares that don’t correspond to the daily borrowed amounts that end up sold every day, but more recently (i.e. in May) the price of GME has slowly but steadily marched upwards. + +**Conclusion:** OTC volume from these groups was being forced onto exchange (for selling pressure) as the groups struggle to contain the price. Gas is just about empty now that we are into June though. + +Either they are directly moving this off-exchange volume back to the exchange, or are rehypothecating shares into the market, then covering them with the off-exchange shares after the rehypothecated share was sold on the market. The benefit is that each of these strategies would buy them additional time since there are T+ delays for delivering the shares and they can FTD them anyways until the T+21 and T+35 force them to deliver. Regardless, OTC volume decreased significantly from January to April, just like regular volume did. + +OBV was fairly stable or skewed towards the buying side for most of this period as well – retail wants to buy, not sell – so who is selling the shares. + +[OBV Graph](https://imgur.com/o5RGFNj) + +[Another OBV Graph \(different value but similar pattern\)](https://www.tradingview.com/chart/k4aKLAVi/) + +Based on the data above, I think it is the groups in trouble moving their volume from OTC back onto the exchange to suppress the buying pressure. + +**Anomaly #2** + +Average Trade Size OTC seems to have decreased for many of these firms, but not all of them. + +Their gas seems to be getting short and they are likely juggling shares around between each other to reduce FTDs. But they can’t stop them from spilling out as indicated by some of the large spikes. They also can't help but have some "spent"/sold in the open market to keep the price down. But the tank is just about out of gas. I didn’t cross examine all of the data here together or do statistical tests since the volumes are different between firms, but visually firms seem to fall into two groups – decreasing trade size or stable trade size. + +**Hypothesis:** A change in trade size indicates a forced change of behavior due to market conditions. + +They also need to trade smaller amounts since they have less shares to work with as detailed in Anomaly #1. You can click on each of these for the graph. + +* [Barclays Capital Inc.](https://imgur.com/eqT0msS) (relatively stable) +* [BIDS Trading L.P](https://imgur.com/3ntTuDb) (decreased, major spikes at beginning and end of March) +* [Citadel Securities LLC](https://imgur.com/IyqY3m9) (decreased significantly at end of January) +* [Coda Markets Inc.](https://imgur.com/Qj0Jgqt) (decreased significantly) +* [Comhar Capital](https://imgur.com/EmIJHGr) (decreased significantly) +* [Credit Suisse Securities](https://imgur.com/vLtenYl) (decreased significantly) +* [Deutsche Bank Securities](https://imgur.com/n9sWIQF) (relatively stable, small decrease) +* [De Minimis Firms](https://imgur.com/oA1ZRaA) (there are smaller firms and the data is aggregated together, likely family offices included here) (decreased significantly, but this is aggregate data so take it with a grain of salt) +* [EBX LLC](https://imgur.com/crBoL4r) (relatively stable) +* [G1 Execution Services](https://imgur.com/9Zg8WDo) (as a note, they are subsidiary of Susquehanna) (decreased significantly) +* [Goldman Sachs and Co. LLC](https://imgur.com/ZU2N67d) (relatively stable) +* [Interactive Brokers LLC](https://imgur.com/QBrSvny) (decreased significantly) +* [Instinet LLC](https://imgur.com/ynKfizk) (relatively stable) +* [Intelligent Cross LLC](https://imgur.com/9hGPudD) (decreased significantly) +* [ITG INC.](https://imgur.com/oiYWCfc) (relatively stable) +* [Jane Street Capital LLC](https://imgur.com/EJ305Dx) (decreased significantly) +* J.P Morgan Securities – [Graph 1](https://imgur.com/C6voxIo), [Graph 2](https://imgur.com/26nshVh) (two graphs, one was stable with spikes in late February and mid April, the other decreased) +* [Merrill Lynch, Pierce, Fenner, and Smith Incorporated](https://imgur.com/hTIDadf) (relatively stable) +* Morgan Stanley and Co. – [Graph 1](https://imgur.com/ru8siph), [Graph 2](https://imgur.com/FW4up0H) (two graphs, small decrease, but somewhat stable) +* [National Financial Services](https://imgur.com/6XTfqrA) (1 share trades consistently) +* [Robinhood Financial](https://imgur.com/y74l2Nw) (1 share trades consistently) +* [Stockpile Investments Inc.](https://imgur.com/xK9h5yq) (very low volume, but increased, out at end of March) +* [Two Sigma Securities LLC](https://imgur.com/QJH467W) (decreased significantly) +* UBS Securities LLC – [Graph 1](https://imgur.com/1wfxsch), [Graph 2](https://imgur.com/vE9hb4n) (two graphs, decreased significantly) +* [USTK Ustocktrade Securities](https://imgur.com/26zMEB4) (relatively stable with spike at beginning of February) +* Virtu Americas LLC – [Graph 1](https://imgur.com/6nDMv48), [Graph 2](https://imgur.com/BvPSa3t) (two graphs, both decreased) +* [Wolverine Securities](https://imgur.com/CCVp4xh) (trade size plummeted, then was low, out at end of March) + +**Conclusion:** Groups with stable trade size in current market conditions are in less trouble than the ones that decreased their trade size. I’ve highlighted the firms at the end that seem to be in more trouble than others. + +Some trade size spikes seem to happen, but whether than implies trouble or benefit for the firms with spikes is unknown. + +**Anomaly #3** + +Some companies are conducting small (mostly 1-share) trade sizes OTC for GME +Robinhood, National Financial Services LLC, Stockpile Investments, and Wolverine Securities all seem to hover around 1-share trades for GME. They do not do large ones when they trade OTC. Strange. + +**Robinhood and National Financial Services LLC were doing this for EVERY TICKER they were involved in the FINRA data.** Stockpile Investments did this for most of their holdings (AAPL, MSFT, TSLA, and GME) but had larger trade sizes in AMC and NOK while also increasing their trade size in GME during this period a small amount. Wolverine Securities ONLY did this for GME (the highest total of this group with an average of around 3 shares per trade for GME), but traded a wide range of other tickers including AMC, AAPL, TSLA, GM, NAKD, NOK and KOSS with larger amounts. + +Both Stockpile Investments and Wolverine Securities stopped trading GME in the OTC markets after the end of March. Exactly why this is, I am not sure – but all of these firms are small compared to the big dogs in the ring. + +**Hypothesis:** 1-share orders have some specific impact/advantage that these smaller firms are exploiting. I am not sure what this is, but wanted to record it. + +**SUMMARY** + +OTC volume decreased from January to end of April, and as I argued, that volume was being sold on exchange to suppress the price, particularly by the groups in trouble. Massive decreases in OTC volume correspond to massive selling in February as some paper hands left and diamond hands loaded up on cheap tickets. + +**The groups that I suspect are in the most trouble as they have decreasing trade sizes OTC are Citadel Securities, Coda Markets, Comhar Capital, Credit Suisse, (potentially) some De Minimis Firms, G1 Execution Services (Susquehanna owns them), Interactive Brokers, Intelligent Cross, Jane Street Capital, Two Sigma Securities, UBS Securities, and Virtu Americas. BIDS, JP Morgan and Morgan Stanley could be in some trouble here.** + +For reference, the NYSE Designated Market Makers include Citadel Securities and Virtu Americas. No wonder this has been such a clusterfuck and they've been kicking the can so hard. + +**Their problem, apes benefit.** + +Barclays, Deutsche Bank, EBX, Goldman Sachs, Instinet, ITG, and Merrill Lynch are playing some role here, but I think they are making money off the others being in hot water. They may be in hot water as well, but the data seems to be inconclusive for these firms. Stockpile and Wolverine are not trading OTC after March, but they may have got back in after the end of April. + +Robinhood and National Financial are doing some weird 1-share trading OTC (Robinhood especially since they do this will all tickers, not just GME). I don't think either firm is really in trouble due to this debacle, but Robinhood will lose one of the big teats they've been sucking at when Citadel goes down. + +**I don't think there's much gas left and the price/data show it. HODL on baby.** + +MAJOR EDIT: SEE TOP OF POST. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + I'm heavily invested in Ally financials, mainly because of their dividends and growing numbers. + +[There is a recent post](https://www.jika.io/post/4cee324c-73bb-11ed-8080-800130f952bc) about the fact that 60% of Ally's assets are concentrated in the auto market; this means 60% of the company's loans are to people who want to buy cars. + +My fear is that the recent interest hikes will destabilize the entire financial structure of the bank. + +What do you think? +What are the strategies that separate out good vs. great investors? If everyone wants to make superior returns, what are the reasons for why someone doesn’t vs. someone that can do it consistently? + +I feel like this community is the best-suited to answer and any further reading on the subject that y’all have come across would be very appreciated. +don't know if this was already noted somewhere but this is a nice inflation hedge: looks like US Gov I-Bond interest rates will jump from a healthy 7.12% to a very nice 9.62% this month, for at least the next 6 months. https://keilfp.com/blogpodcast/i-bond-rate-november-2021-to-april-2022/ +There are 14,000 call contracts between here and $200. That's 1,400,000 shares that need to be bought/hedged (minus what they've already hedged). There's another 20,000 contracts between $200 and $300. That's 2,000,000 shares that need to be bought/hedged. + +TL;DR What's behind $180? A motherfucking greased waterslide to a margin call, that's what. +When looking back at Disney’s previous acquisitions, I can’t help but to think that even if they “corporatize” many of our favorite entertainment brands, those brands happen to still be cool and they happen to be much bigger than what we once saw them as. + +Look at Marvel. Ever since Disney acquired Marvel, many fans felt that Disney will ruin the brand and make it worse. While Disney “corporatized” Marvel, it has boosted the popularity of it. Even if it created more movies and more shows and even more literature for it, fans still love Marvel. + +And look at Lucasfilm. Many Star Wars fans felt that Disney would ruin the show. Next thing you know, you had the Rebels series, then The Mandalorian, then the final season of The Clone Wars, and soon, many more series. In the process, you had many great books come out for Star Wars fans and we even had many great movies like Rogue One, Solo, and even the final movie trilogy. + +If Disney created massive returns from “corporatizing” Star Wars and Marvel, I bet it can create bigger returns with The Simpsons, Avatar, etc. + +https://dissectingthemarkets.wordpress.com/2021/03/20/the-walt-disney-co-is-a-master-at-monetizing-entertainment-brands/ +Hello, I am a 24 year old blessed enough to have 20k in savings passed down from my family. I was wondering what is the best bet to be prepared for a recession is there anything I could buy that would hold its value? I'm sorry if this question sounds vague or has been asked prior but I'm starting to get scared over here in California, because we are having record breaking gas prices and cost of food+living. Plus I've been following the news and see a lot of talk about inflation and a possible recession. Thanks in advance for any help you can give me. + +Thank you all for you're clever responses and words. +So it's been a great year, in big part thanks to ThetaGang! In 1-year my account has gone from $134K to $260K, 110% 1-year rate of return, $40K+ deposited, rest is gains. + +I felt comfortable taking larger risks that "made sense" to me, lots of meme puts, some naked calls, often maxing out the initial margin on my portfolio margin account. It almost always worked out, worst week I had was -$8K. + +Now at my current account size, I realized the option income has steadily become part of my life plans, and has lately been more than what I make at work. I also just realized I'm MUCH more invested in the market than just 1 year ago. It's been a really amazing ride up, and I don't really want a big ride down now that I have something to lose. + +How do you guys deal with growing account / theta income? I'm thinking of being more conservative and focusing on preserving gains, buying more broad ETFS like VTI / VXUS, setting a monthly options goal and sticking to it, etc. +I've tried some websites that are out there like Krazy Koupon Lady and Google Shopping and been disappointed. It's 2017, do I really need to haunt 15 stores in person weekly to find out when grocery, pharmacy, and cleaning products are on sale? I don't buy Sunday paper (long story, and it doesn't have every store's circular anyway) and reading pdf circulars is pretty difficult. A circular is just a way to get you to buy stuff you weren't planning on, anyway! I know what I want, please tell me when it's on sale so I can stock up. I am aware there are coupon apps but most coupons are for promoting premium priced items I don't buy and generally the savings is much less than a real sale. However if there is a coupon app that alerts you when local stores have a sale on specific items I would be down for that. + +ETA: Wow, this is amazing! Thanks for the response. I had never heard of any of these sites. I am definitely going to give them a try. +My partner and I (not married) live in a small townhouse style condo community. He just bought the condo last May. Our building is two units, side by side, and our neighbor just told us that his landlord wants to sell. I’m thinking about buying that unit. Any reason why I shouldn’t? +There I said it. Anyone who thinks that NFT's are "EXPENSIVE JPEGS" is either dumb, a boomer or purposefully telling a lie or likely all three of the above. + +They do not get how NFT's can represent digital proof of ownership of about anything and how there is an unlimited market because ownership of about anything can be digitalized. They do not get how big the gaming NFT market can be. They are basically in the same position as people mocking the internet when it was a new thing. So my fellow apes ... I will leave you with my lifelong credo: OPINIONS ARE LIKE ASSHOLES, ... - EVERYBODY HAS ONE. As for me, I am much more interested in UR ANUS than BILL GATE'S ANUS. Especially when it itches and whispers to you of MO ASS ... +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 /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/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 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) +I work at a major tech company. About two weeks I put this Ethereum sticker on my laptop. + +[Ethereum Hodl Decal ](https://www.amazon.com/dp/B077BQ7F2G/ref=cm_sw_r_cp_api_upYfAb3XEWQ5N) + +I have been to about 60 meetings with a wide range of folks across a dozen teams: product, engineering, electronics, manufacturing. Not one has recognized the giant Ethereum logo on my machine. Many have asked what it is. Everyone says ‘oh yeah of course I know about cryptocurrency’ when I explain it. But none own any and none had any real idea what it was or how it works. + +These are some of the wealthiest, well-educated, techno-savvy people in the world. Collectively people like this like this control trillions of dollars of money. They don’t even know enough to FOMO yet. + +Today ETH is entering new territory, without any name recognition in the world or participation from the vast majority of the world’s wealthy. + +I am no ETH trader, I am an ETH hodler. From $6 to $6000. + + + + +**DISCLAIMER: I am not paid by anyone, for anything, other than my day job which has been taking up ALL of my time lately. So before anyone calls me out, I am writing this post because I want to- not because I'm being paid. Superstonk will never be monetized. period.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +One of my biggest concerns is the involvement with our communities on CNBC, FOX and other MSM outlets. I've said this before and I'll say it again: I will never do an interview with those networks unless THEY come to us. When you're interviewing live on their platform, you're often unaware of what the "headline" is saying on your screen. You literally can't see what they're saying about you. Several people will take that "headline" as the "highlight" of the interview, when it's often taken out of context and misleading. Furthermore, they're able to edit and replay those "highlights" throughout the day after the guest has left. + +This LITERALLY happened to me and I wasn't even on the program. When the Mulligan brothers (whom I know personally and have been working with; they're great dudes u/albanak) went onto FOX Business, FOX played the trailer to their documentary before greeting them. In the trailer, I am on record saying *"there are more shares floating around than the company had originally issued".* This points to the true narrative we are trying to address- MARKET MANIPULATION. In fact, the majority of their trailer addresses this fact. The trailer then ends and the Mulligan brothers are greeted by Charles Payne. The narrative throughout the interview then shifts and focuses on how people are suffering from poverty and had almost NOTHING to do with naked short selling. Afterward, FOX posted the interview on their YouTube channel and edited the trailer out of the video. They only showed the parts of the trailer that fit their narrative. + +Here's the [first version](https://youtu.be/ATyHO2mMmfo?t=738) that I found on some dude's livestream. the link starts at 12:18 which marks the beginning of the trailer. + +Now, check out the [edited clip](https://www.youtube.com/watch?v=C73MBeMhfeE) from Fox Business that cut out THEIR story and focused entirely on the poor, poor, retail investor just trying to get by in life. + +Same thing happened to Trey Collins from Trey's Trades. I can't speak a bad word about Trey because he's been fighting for this cause since the very beginning. He also fell victim to the MSM's "headline" which suggested he was *enlisting an army of apes.* I guarantee you, Trey had NO idea this was being shown while he was talking. I immediately tried to clarify this in a [post](https://www.reddit.com/r/Superstonk/comments/o0jdeh/important_we_are_not_enlisting_anyone_saying_sht/) because that's the same type of sh\*t that will start circulating and end up as evidence of market manipulation. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +This is why I ONLY do livestreams that are controlled by APES: you can talk about the topics as they come to mind, without being confined to a narrative. With that being said, I decided to jump on AndrewMoMoney's channel earlier today (here's the [video](https://www.youtube.com/watch?v=h4VH7kVyc28)) but his internet kept cutting out, so I'll be going back on tomorrow @ market open to discuss more about the shifting narrative on MSM. Andrew is a friend of mine and we talk frequently offline. This is an issue he has also wanted to bring attention to and it's a very good opportunity for both of us to do so. + +In addition, I'll be throwing out some opinions on a few interesting posts that have come up in the r/Superstonk community, such as: + +1. RRP & potential connections with share lending +2. Issues with Reddit +3. Inflation +4. Availability of information to retail investors + +Now that the sub has reached almost 500k members (F\*CK yeah), it's important for us to rehash these concepts that are frequently forgotten. +I think it’s just because I had an automatic payment every week for a year, it was extremely stressful. Now I have a habit of checking my bank account 3 times a day just making sure nothing put me in the negative. I haven’t had any automatic payments set up for 6 months but it’s still a habit. To be honest I want a new bank account that isn’t linked to anything so I don’t have to worry. +Moved to a highrise apartment downtown. I love it... except for the noise. Google tells me to add furniture, blankets, and foam to the walls. Somehow I don't think that's going to eliminate the sound of sirens and trucks. + +I've tried a few different earplugs, they're either uncomfortable, fall out, or don't dampen enough sound. White noise doesn't work well for me either. + +Any suggestions? + +I found a "sleep pod" for 30k, but you're limited to its water bed and I like my mattress. + +I was thinking of possibly paying for somebody to build a little soundproof box around my bed/tv? Kinda like those phone booths you can purchase to put in an office. Though it'd need to be easily deconstructed and not a permanent fixture. + +Seems silly to invest so much time/money into this, but it's really effecting my sleep and quality of life. +This has been the longest year of my life. But somehow the shortest too. Anyway, I need this. My family needs this. My friends need this. Tons of my fellow apes need this and their families and friends need this. + +Christmas is right around the corner, rent is due, my car is on its last legs, I’m burnt out from the everyday grind of corporate wage slavery, and it’s starting to take a toll on my mental. (I’ll be ok 👍) + +But it would really be nice if this could happen soon. Whoever needs to hear this prayer, I hope it finds you well. + +Amen. +[https://www.businesswire.com/news/home/20220305005035/en/](https://www.businesswire.com/news/home/20220305005035/en/) + +"This decision flows from our recent action to block multiple financial institutions from the Mastercard payment network, as required by regulators globally. + +With this action, cards issued by Russian banks will no longer be supported by the Mastercard network. And, any Mastercard issued outside of the country will not work at Russian merchants or ATMs." + +"We don’t take this decision lightly. Mastercard has operated in Russia for more than 25 years. We have nearly 200 colleagues there who make this company so critical to many stakeholders. As we take these steps, we will continue to focus on their safety and well-being, including continuing to provide pay and benefits. When it is appropriate, and if it is permissible under the law, we will use their passion and creativity to work to restore operations." + +The Purchase, New York-based company said late Tuesday [in a filing with the Securities and Exchange Commission](https://d18rn0p25nwr6d.cloudfront.net/CIK-0001141391/e33452e6-2006-4390-8bbd-6c762062e723.pdf) that about 4% of its annual revenue derives from business related to Russia and about 2% derives from Ukraine.  +Hello, + +I am interested to find out what possible problems may arise in the future if I continue to allocate money to the VWCE ETF. + +Right now I allocate about 40% of my net salary in this ETF, DCA monthly. + +What are the **worst** things that can happen? + +I should point out that I am pursuing a 20-25-year strategy. + +Some information about the ETF: + +Backtest information about the ETF: [https://backtest.curvo.eu/portfolio/vwce--NoIgbg7gxgpiA0xQEkCiAGdAhA0gViwEUAVADnQQEYBdWoA](https://backtest.curvo.eu/portfolio/vwce--NoIgbg7gxgpiA0xQEkCiAGdAhA0gViwEUAVADnQQEYBdWoA) + +JustETF page: [https://www.justetf.com/en/etf-profile.html?isin=IE00BK5BQT80](https://www.justetf.com/en/etf-profile.html?isin=IE00BK5BQT80) +I'm relatively new to algo trading. I've started off with brute-force algorithms, moved onto various regression models, and I am trying a few time series models now. It doesn't seem too accurate or profitable, and I would imagine that if making money were as simple as using a machine learner tied to a few indicators, everyone would do it... + +&#x200B; + +So is machine learning not the way to go? Is it best to create an algorithm that checks for certain patterns that a human would look for? Or am I using the wrong combination of indicators? Is it bad to use too many? Or too few? Is it a problem of finding the right mix, or is ML not the answer? +I am single and have an income of 75-85k a year. + +Since the pandemic I have been renting a room. Maybe Im unlucky but the first room turned out to be two gay guys who were addicted to pot. They repeatedly asked me for money and even offered to sell themselves for a 20. I left the next day. No bond returned. + +Second guy was a religious nut, control freak and just lost it occasionally for no reason. + +Currently staying with a female who gets blind drunk frequently, passes out or gets aggressive. Had some guys passed out on couch getting home after work, no idea who they were till but there no lock on my room so Im not comfortable at all. Spoke to her and now got cold silent treatment. + +I can afford to rent if I give someone 40% of my wages, create a renters resume, get a rental credit check, go through months of rejection but being single I dont really want to waste 20k a year. + +What alternatives are there? Could I buy a caravan and put on side of road? Are tiny houses really viable? Can I go bush and claim a bit of unused commonwealth land? + +Or am I screwed? Live in Sydney. +So the LCT was designed to protect local manufacturing which has been dead in Australia for over 15 years or so. So the why hell hasn't this tax been repealed? There is zero justification for anyone to pay this. + +I've also noticed that it starts at $67k, since fucking when is $67k considered a luxury car? Lets try 200K plus. Its so obvious the government decreased the threshold just so they can get more tax which is disgusting and this law needs to be repealed immediately. +….our pre-approval with one of the big four banks was refreshed 2 months ago. We are going to bid at auction in the next two weeks and I thought I’d ask the broker to double check the approved amount with the bank. + +We assumed there would have been no changes as we both are lucky enough to have received big pay bumps (10%+) on 1 July, don’t have any new credit cards or other liabilities and the approval was effectively only 2 months old... + +I was so wrong. The bank has reduced our pre-approved amount by about $100k, due to the interest rate rises. + +We are probably an extreme example as we are already leveraged with other mortgages and the pre-approval is for a fairly large loan for the new PPOR - but the take home is, double check your pre-approval before bidding! +This has been a long time coming. I originally agreed to buy the house in late Oct/early Nov. It turns out the people I was buying it from actually had purchased it for only $2K!!!! But, they had never bought a house before and that $2k represented all the money they had in the world. The previous owner had rented to some people who ended up squatting there for months with no power or other utilities on. She was so desperate to get out of the situation, she agree to sell it as is to these people who she knew cleaned houses as a side hustle. They were able to get rid of the squatters, but they had no idea where to go from there. The squatters ended up stealing the AC unit and some of the wiring on their way out. After spending the $2K to buy the house, they didn't have anything left to fix it up themselves, and quite frankly didn't have the knowledge of what to do or where to even begin. So they listed it on Craigslist. + + This is where I found it....I can't remember the exact listed price. I think it was $12K, but I could be wrong. After seeing the condition of the house, (still full of junk, and lets just say both cats and humans had been using it as an outhouse for a long time....) I debated on even making an offer. I went over it with a lot of scrutiny and determined it had good bones and it was worth trying to save before the city got a hold of it and tore it down. We initially agreed on $7k, but after we got into the process we discovered property taxes had not been paid in a while, and the people I was trying to buy it from didn't have the money to clear everything off the books so they could buy/resale the house. I offer to cover all the back taxes and liens, which made the final total price after closing fees $8,500. + +I initially budgeted about $8K for renovations. This is going to include a lot of cosmetic work, some minor electrical work, some minor plumbing, new flooring and paint throughout, new light fixtures, fixing and upgrading the kitchen cabinets, some work to the sub floor, drywall work, and many many things not listed here. The house will look and smell completely different when we are finished. The budget is going to be flexible on this one. It might be less, or it might be a little more depending on steps we have to take to get rid of the smell. + +The plan is to rent the house for $575 - $600. We might be able to squeeze in a small second bedroom...if so we might be able to get slightly more. The house is in a desirable area on a corner lot, has a large fenced yard in back and a large detached garage. + +I've tried to avoid any of the stomach churning pictures, these are the sanitized versions after we got the house mostly cleaned out. [https://imgur.com/a/SquXsZP](https://imgur.com/a/SquXsZP) As always, feel free to ask any questions. +CBC.ca: People are offloading their pickup trucks, but who is buying them?. +https://www.cbc.ca/news/canada/kitchener-waterloo/pick-up-truck-re-sales-offload-impacted-by-high-gas-prices-1.6457477 +EDIT2: [Moving](https://www.reddit.com/r/CanadianInvestor/comments/itn6hu/find_canadian_etf_holdings_update/?utm_source=share&utm_medium=web2x&context=3) to r/Canadianetfholdings + +&#x200B; + +EDIT: **NEW LINK** + +Sadly, have to move project to a new service provider - spent all week designing this for everyone. + +Details coming in a [new post.](https://www.reddit.com/r/CanadianInvestor/comments/if6q4d/re_search_canadian_etf_holdings_update/?utm_source=share&utm_medium=web2x&context=3) + +Thank you so much for the upvotes, really encouraging. + +\---- + +I know in recent weeks/months I have seen some posts asking how one can find out which Canadian TSX ETFS are holding a particular stock (by search), similar to ETFdb which focuses on the US.Well, as part of a weekend project I made + +[THIS](https://u1uvlvsn399omtt-dbetfholdings2.adb.ca-montreal-1.oraclecloudapps.com/ords/r/andrew/etfholdings-ca/go?session=111888870439962) + +&#x200B; + +Data source is Yahoo Finance TOP 10 HOLDINGS on Aug 15th.You can either look up an ETF by symbol or name or a *holding BY NAME ONLY.* Unfortunately when manipulating the data the symbols got messed up. + +LIMITATIONS:I had to keep my dataset to under 500 tickers so any ticker with the following keywords was removed: Hedge, income, currency, betapro, bond, + +There are some others that didn't make it due to unsuccessfully scraping. + +As I checked with a handful of tickers, Yahoo data is not as up to date as what you will see on an ETFs website. You get what you pay for - it is at least within 1-2% giving you a ball park figure. + +DISCLAIMERUse at your own risk, this is not financial advice. + +Moving forward: + +If you like it, have a suggestion, or want something added. Leave a comment below or DM me. To maintain this I'd have to figure out how to monetize the site - any ideas are welcome. +I posted about this a while back and a lot of you seemed curious how to negotiate lower margin rates. First off, let me state that A) yes I know Interactive Brokers offers flat 1.5% margin rate and B) I'm also enrolled in M1 Finance with M1 Plus for 2% margins but didn't like how they auto-balance my investments. + +I spent multiple weeks trying to negotiate with Chase, with no luck. They could barely offer 4-5% margin rates even at 3MM+ assets and while my bank contact was understanding of my situation, they didn't care much about keeping me at their brokerage. + +I've been with eTrade for 10+ years on my IRA accounts and called them up after chase, told them I was getting 2% at M1, can they beat it? Within a few days I have 1.94% locked in, plus a nice cash bonus for xferring assets over. I prefer eTrade's interface + long-term reptutation over IB. Very easy process. + +Just thought I'd pass this along. I had no luck getting a good margin rate with the banks like Chase. And for those of you curious what I use margin for, I generally take 25% of my brokerage account as a margin loan and simply re-invest in the same vanguard ETFs (VTI, VGT) for some extra padding. It's very unlikely I ever get margin called and boosts my returns far higher than the margin loan costs. +Hey everybody! The mods feel that the coronavirus “how should my investments handle it?” threads are too much, so we’re going to be locking existing ones, removing new ones, and encouraging you to comment on a stickies thread about investing through this time. Thanks for your cooperation, and stay safe out there. + +Please use modmail to complain if you think a post was incorrectly locked. +the week everyone has been waiting for here in Canada + +2/17 C-218 vote on the conservative party bill to legalize single game sports betting + +2/18 $SCR.T $TSCRF 1:10 reverse split + +2/19 C-13 reading for Liberal party sports betting bill. + +Currently watching the following stocks in anticipation of the legalization of single game sports betting + +The Score of course $SCR.TO|$TSCRF (US Ticker) + +$BETS.CN|$BLITF (US Ticker) + +$FANS.CN|$FUNFF (US Ticker) + +$BRAG.TO|$BRGGF (US Ticker) + +$LUCK.V + +$DKNG + +$PENN + +$PDYPY + +Any other companies anyone watching? Thoughts and ideas on the upcoming bill and this arena in general? /r/gamblingstocks is betting on the Bill C-13 passing on Friday Feb 19th + +Market is of course closed tomorrow making it an even tighter timeline + +GL +Hello everyone! I'm a big supporter of the Bingus Project and have been on it since its birth on April 2nd. And today, on this day of dips, it is no different, Bingus presses on. There's so much to update you on since our last reddit post. + +1. HotBit Lists Bingus - After a rocky start trading is open for trading, meaning people who are not so experienced with BSC, DeFi and ever said “WTF is a pancakeswap” can now easily buy. Next week we will be having an AMA with HotBit as well along with their other promos. We have shaken so many unfriendly whales and are holding incredibly strong. + +2. Yesterday we had a TG AMA flip with our new partner, DOGIRA, which was insanely fun. We will have some big news to announce with them in the coming weeks. + +3. We openly discussed our long-term platform plans. They have not been fully published yet but I spoiled some incoming roadmap stuff in today’s AMA. :). Come ask in the telegram if you're curious. We are going to be much more than a charity coin. + +4. Another exchange incoming, confirmed trading life Friday. 2x the volume of HotBit. + +6. New GORGEOUS website was launched on Sunday, a BNB-BINGUS staking announced and coming to that website, built by our friends and partners BogTools. + +5. Finally, unlike the rest of the market we are holding strong in this dip. We have jumped from 10k holders to 15k+ in 2 days. + +6. Emmy Nominated Rocky Kanaka released a youtube video last Friday and gave away $10,000 provided by Bingus. Also, the lead of power, Michael Rainey Jr is posting about us on Instagram right now. Just insane. + +If you’re looking for a safe harbor in rough seas, Bingus is here and ready to shelter you. + +Website with all relevant links inside: + +https://bingus.io/ +Usually not one to share much but if this is helpful to some then I think it may be worth it. + +I recently made a career change into IT after years of working in social services. After some time doing that work I realized that the compensation is just not there especially for the level of work and commitment that’s expected. So I placed my passion aside and chose to pursue a more practical interest imo and started studying technology. Now, I did choose to go back to school and get a degree which I solely funded with loans (this is the most anxiety inducing part) but I was finally able to land an entry level IT job. + +After a year on the job and watching everyone around me leave in search of better circumstances I decided to do the same. I had a few interviews that didn’t pan out and was feeling pretty disappointed but kept pushing my resume out there. + +Eventually I landed an interview and really clicked with the people I met with. I asked for 60k upfront and they gave it to me. No negotiating or anything. I started to feel like maybe I undercut myself and should have asked for more but I’ve decided to be happy with this blessing. I have a ton of debt to work through and this will really help me get through it much faster. + +Tldr: Switched into IT a year ago and recently landed a 60k job something I wouldn’t have even conceived throughout my 20s working in social services + +Edit: This definitely blew up way more than I was expecting. Thank you all for the genuine interest and kind words. It means a lot to me. I will try to respond to everyone I can as time allows. +As the title says i’m 19 and have some extra money set aside from a summer job, I want to start investing it into something like a roth ira but don’t know if it would be smart. I am also a university student who will have student loans to pay off out of college. +This method of handling your personal finance may sound incredibly simple to some, but for me it was life-changing. I wish I had thought of it years ago. For reference I’m single, no kids...so this isn’t for family budgeting. Here it is: + +-You just need a savings and a checking account. + +-Make sure you have $4,000 in your checking account. That should be enough to cover your monthly expenses with some solid padding. If it’s not enough, adjust that number, but for sake of explanation I’ll keep it at $4,000. + +-$4,000 is the key number. This all revolves around $4,000 (or whatever that number is for you). + +-The goal is to keep your checking account at $4,000 no matter what. + +-so every time you get paid (For me, every other Thursday), you should have more than $4,000 in your checking. wake up on pay day and Immediately do the following: Pay off your credit cards. IN FULL. If you’re still above $4,000, use it to Pay off any debt you owe. If you still have More than $4k, send the remaining amount to your savings account. Now you should be at $4k in your checking. + +-if, after getting your paycheck, you don’t have enough to pay off your credit card and stay at or above $4k, you need to Spend less money every month...I know that’s easier said than done. + +-Of course, if you’re having a tough month or you recently lost your job, fine you’ll slip into the $3k or $2k, but the nice thing about this menthod is that you have a real understanding of how much money you actually have...Instead of just piling on credit card debt. + +Prior to this method I always felt like I didn’t have a real sense of how much money I had. I always just kept everything in my checking account, but I didn’t really know how much I’d have after paying off my credit card, and therefore I never put anything into savings. + +Anyway, that’s my two cents. Hope it helps. + +EDIT: u/Aghanims pointed out that I did not address savings/retirement goals. I should note that I have an automatic monthly deduction from my checking into a ROTH IRA. If saving for retirement is your goal, transfer any remaining amount over $4k into your retirement (after you've paid off your credit card and any other debt you have). +I started investing in late 2013 and TWTR was the hot IPO at the time. I distinctly remember buying a few shares at $57 figuring I'd get in on the ground floor of what was already a culturally-significant company. + +Amazingly, over 7 years later the stock is trading lower than where I bought it all those years ago. TWTR has never paid a dividend or split their stock, so in effect they've created zero wealth for the general public over their entire public existence. I sold my shares for a wash in 2014, but I'd have been shocked to hear they'd still be kicking around the same spot in 2021. In an era of social media, digital advertising and general tech dominance, it's a remarkable failure. + +On the one hand it provides a valuable lesson that a company still has to succeed financially, and not just have a compelling narrative. Pay attention to the bottom line - hype alone does not a business make. On the other hand, what the hell? Twitter has created verbs. It's among the most-visited websites in the world. We've just had 4 years of a Twitter presidency. Yet Twitter has seen its younger brother (SQ) lap it in terms of value. How has this company *not* managed to get off the ground as a profitable business? +Got an interesting proposal today to purchase a winery in Southern CA from a family friend. TL'DR Seller is old 75-85's and his children don't have interest in running/are mismanaging and he wants to sell it for a bargain price 50% off. It would still 10mil+ (hiding specifics for privacy) for just the winery and I'd have to build the resort after which I'm thinking would also be a wedding spot built into the mountains. I'm thinking if I buy the winery for $10mil, put 5mil into to build the resort, I can cash out the equity with a 40mil value 10 years from now. Financing it isn't an issue. + +I have experience with residential multi-family real estate but 0 experience with winerary's or building and managing resorts. I'm interested in this project because the financials make sense (in theory anyway) and it just seems like a cool project for me sink my teeth into. + +So here's the question for the community. + +1. How often do you get interesting proposals like this that are viable? If I pass, are these types of things common enough. Context I'm 27 and haven't had the opportunity to build up my network and don't know if stuff like this is common. +2. Anyone wish they just enjoyed retirement (think travel vs this) instead of taking on projects like these? +3. I'm a software guy and I do own property and have experience managing labor but a winery and resort are a huge shift kinda sorta. + +Do you guys think if you are a competent person with strong common sense and a proven track record in other industries that you can come over to any other field and succeed? I don't want to be Elon Musk overconfidently buying twitter and blowing a bunch of money just because I think I'm 'good' at anything I do. + +&#x200B; + +Edit: After reading the comments, I am now leaning away from buying the winery. Yes I know I'm an idiot for even considering it but I really do think it's viable at least on paper. The land value from the appraisal report I received is 100% of the purchase price. I'm essentially getting all of the buildings, machinery etc for free. Anyone wondering about the acerage its 500+ acres. + +Edit2: People are telling me I'm room temperature stupid. I accept that I might be and I'll very strongly consider not proceeding forward. You're right I know nothing about this business and I'm not willing to sink a lot of my time. Fun fact I dislike the taste of wine and I doubt I've ever had a more than a few glasses in my life. Added that last fact to make the angry mob more angry. I do think the actual business is viable. The math works. + +Edit3: The winery would be a hobby for tours. I'm much more interested in the hotel resort. Also plan on to develop and build residential housing which I can sell/rent which I do have interest in. I've never run a hotel but I know it's fairly easy and straightforward. I've invested in hotels and have experience in how they operate but have never managed one day to day. I can call upon my network for assistance with the resort/hotel. +I am a futures ES price action scalp trader. I started my journey in June 2021 with a Ninja Trader account... For the first few months I traded on SIM until I got comfortable enough to go live trading the micro es futures (MES). However, I quickly got hooked to the potential money I could make trading the regular ES contracts so I've been trading the ES throughout my journey. The first 12 months I could be categorized as what Mark Douglas would call a "Boom and Bust trader" my equity curve would swing violently way up and way down because in hindsight I was mostly gambling. So as you can imagine, I've blown many accounts (at least 10). However I stuck with the process and finally found my stride. The only indicators I use is a 20ema, 100ema, and on occasion the RSI. I trade using a 2000 tick chart and scalp 2 contracts for 2 points. I have a full time job so I'm a part time trader. I trade the open at 8:30am cst and look for 2 - 3 scalps a day, somedays I might only take 1 trade a day... my only strategy is to wait for the market to pullback to the 20ema and scalp the "bounce" off the 20ema either short or long based on the context of the price action. After 15 months I finally had my first profitable month from September 5th 2022 - October 7th 2022. I net profited +$3,750 for the month. I know its not much but I just proved to myself that this is real and can be a lifestyle. I'm really looking forward to what the future holds and hoping to inspire people to stick with the process and find success! + +*Edit* +I'm blown away by all the engagement on this post. This is why I love this subreddit community! Thank you for all the engagement, advice, feedback, encouragement, and suggestions in the comments! I tried to respond to every comment I could and drop as much knowledge/insight into what I'm doing as possible. Sorry if I couldn't get to all of your comments. Everyone stay blessed! +**I just cant stop day trading. I was euphoric when I turned 1k into 5k, then I lost the 5k and put another 1k in, which resulted in getting my portfolio to 3k and then lost that. In total, I'm down around 11k, but I cant get it out my mind that I have to win back all the $$$ I put in.** + +**Any advice? Everyday I want to put more $$$ in and win back my lost 11k, but I don't want to lose everything trying to get my lost money back! I don't know what to do, all I want to do is trade and I know this is bad! The only thing in my mind is getting my losses back!** +BEPRO due diligence + +I finally got around to making a more thorough DD post for BEPRO. + +Value proposition: + +1. A plug-and-play codebase for anyone to create their own prediction market, gambling, or esports betting platform on any chain (Binance, ETH, moonbeam, etc) with minimal time to develop. +2. Because BEPRO doesn’t take a rake on earnings, it bypasses a lot of regulatory issues that have messed with other platforms like Betfair, further reducing barriers to entry for would-be market makers. +3. It aims to create a community-based contract infrastructure and marketplace that connects clients and developers and compensates those developers in BEPRO. Paraphrasing [Rui](https://youtu.be/-B6jXLL5tp8?t=819): “BEPRO is currently working behind the scenes on Polkamarkets/Moonbeam, Exeedme, and elsewhere, so that real people are currently using it. Once we understand the product-market fit and how to create and scale it, we will create the marketplace to connect clients and developers. The future is developers. If you build for developers, it���s just a matter of time.” +4. In summation, while most of us would look at what BEPRO is doing and say, “man that’s a really cool-looking platform, and I can see a ton of value in reducing barrier to entry for people who want to create this type of market,” the real value-add is connecting clients and developers, allowing clients to have their problems quickly solved and allowing developers to choose what they want to work on and be compensated for the value they add. + +Social: + +1. Before last week, there were only 2 BEPRO videos on YT, both over a year old. +2. In the past week, 13 YT videos have been added totaling \~75k views. +3. 6500 members of the BEPRO telegram, up 1000 in the last week. +4. [Twitter](https://twitter.com/bepronet?lang=en) followers has increased 25% in the same timeframe. +5. The number of holders on [Etherscan](https://etherscan.io/token/0xcf3c8be2e2c42331da80ef210e9b1b307c03d36a#balances) has doubled in the last two weeks. +6. Despite all this, social [mentions](https://app.talkwalker.com/app/page#/FREE_SEARCH#cid=aec7e247-f91d-45a5-ba2b-b059e997682f&co=project&activePageId=1&data=eyJyIjp7ImEiOnt9LCJpIjoiRlJFRV9TRUFSQ0giLCJzIjpbeyJhIjp7ImlkIjoia20yZjhkZ2ZfNWltbTh2MzBhMW45Iiwic2VsZWN0ZWRUaW1lIjoiZDcifSwiaSI6IlFVSUNLX1NFQVJDSF9NQUlOIiwicyI6W119XX19) are miniscule (2.5k in the last week), which says that this coin hasn’t even begun to take off. + +Market cap and categorical comparison: + +BEPRO’s market cap is $12 million (no new coins issued this year, so no chance to be diluted in 2021). Just by itself that tells you that this is a small cap with moon potential, but this doesn’t even scratch the surface of why BEPRO is a huge buy. + +In addition to having [DeFi](https://www.bepro.network/post/defi-bepro) applications, BEPRO’s main plays are in the gaming, gambling, and prediction market spaces. Below is a discussion of each (using Coingecko categories as my source, FYI). *Overall, the argument I’m trying to make is that SOMEONE in this space is going to moon, and there are no choices to me that look like a smarter investment option than BEPRO to be that moon.* + +***The gambling category*** has a combined market cap of $500 million. This is a fraction of the cost of a single, increasingly obsolete casino on the Las Vegas strip. That tells you this category is massively undercapitalized and poised for huge growth. Who will capture this growth? All options with current market cap greater than BEPRO: + +1. Funfair: $205 million market cap. Sells its technology to online casinos. Has a solid value proposition, but only focuses on casino-style gambling, and is Etherium-based only as opposed to cross-chain like BEPRO. +2. WINk: $178 million market cap. This is an example of a gaming and gambling platform that would have been better off using BEPRO’s API than trying to develop in-house. I mean look at this website. So mediocre. +3. Decentral Games: $50 million market cap, disgustingly bad website in terms of visual appeal, also only focuses on casino-style gambling. +4. Exeedme: $34 million market cap, already partnered with BEPRO and using their API. (as an aside, their telegram has a fraction of the daily activity of BEPRO’s despite having more members). +5. In summary, the market is undercapitalized, the competition is either single-chain, only focused on casino games, visually disgusting, or already partnered with BEPRO. This constitutes a huge opportunity for BEPRO. + +***The prediction market category*** has a combined market cap of about $500 million as well, but it has far fewer competitors; it only has 4 coins currently, none of which are BEPRO. I think Gnosis ($226 million market cap) is the closest competitor to BEPRO in terms of their value proposition: they allow you to use their infrastructure layer to create your own prediction market app. Gnosis is single-chain, has a ho-hum website, and is still destroying the competition in this space. If anything, this is proof of concept for BEPRO. + +***The gaming category*** has a combined market cap of $200 million. This is obviously massively undercapitalized as well and poised for substantial growth. Who will capture this growth? Options with current market cap greater than BEPRO: + +1. Decentral games: $50 million market cap. Discussed in gambling, but to recap – just look at their website. +2. REVV: $49 million market cap. a utility token used exclusively for motor sports games – not a direct competitor at all. +3. XED: $34 million market cap. Uses BEPRO +4. Chain Games: $31 million market cap. a very cool platform, similar to what you can create in a day using BEPRO, even if you don’t have any coding experience. If anything, this is proof of concept for BEPRO. +5. Crowns: $24 million market cap. Native token of seascape network. Seascape network is a platform similar to what BEPRO allows developers to easily create, but they don’t list their leadership anywhere in their white paper, their branding/website design are pretty weak, they focus more on NFTs, they are months away from launch, and they focus their value proposition on gamers using their platform, not developers. In short, they are in no way direct competition for BEPRO. +6. In summary: the market is undercapitalized; the competition is either weak as hell, not really competition, or already partnered with BEPRO. + +Obviously I'm shilling this coin or I wouldn't have made a DD post about it, but I feel this lays out pretty well a lot of reasons for you to DYOR and decide if this is a project you want to back. I don't think this is a short term moon shot, but I do think it has potential to grow in value over the next year to easily 100x current price. The thing about any moonshot is that there has to be a reason why it's currently valued so low. For BEPRO, that comes down to three reasons: + +1. It isn't on a tier one exchange (this is on the [2021 roadmap](https://www.bepro.network/post/roadmap-2020-2021) for H1) +2. They are not actively marketing and are instead focusing resources on development +3. While they have several big partnerships and clients, they have not yet launched the final and most important of their value propositions (#3 above). + +If you want high reward, you have to accept high risk. To me, the risk is that they haven't yet launched their dev marketplace. Personally, I think this is offset by the tremendous potential of the project, the vastly undercapitalized nature of the markets in which they're competing, the lack of great competition, and the leadership and partnerships. But of course, DYOR. I have been trading crypto for an embarrassingly short amount of time, and yesterday when I made coffee I forgot to put the pot under the drip, so don't assume I'm smart just because I put 1,000 words on a page. +Hello, + +This post is being compiled as a result of my anger towards the massive amount of "Google"-able questions appearing on the subreddit. I am attempting to place some common knowledge into this post, so please add info if you feel it is important and I will tack it onto the end. + +&#x200B; + +\------------------RANT------------------------------------- + +Before I say anything: + +**You will probably lose money.** + +This isn't exactly tied to algotrading specifically, just the stock market in general. Most people do not have the education to trade it effectively, let alone turn a profit. If you're looking to make easy money, look into investing your money and not trading it. + +Also, I am not a professional. I trade literal pocket change and make ok returns. I am in no way a financial professional and this advice should be taken with a grain of salt. There are people out here far more qualified than me who could say this better, but for now, you have me. + +\-----------------END RANT----------------------------------------------- + +&#x200B; + +**I'm completely new to this, how do I get started in Algo trading?** + +If you no background in either finance or programming, this is going to be a long road, and there's no way around this. Mistakes and failures in understanding how either component works will result in you losing money. This isn't a win-win game, for every dollar you gain someone has to lose it. + +**If you have a background in finance:** + +You're going to need to learn how to code for this. I suggest Python, as it is both easy to learn and has a plethora of libraries for both trading and backtesting data. Fortunately, this will be much easier for you, as you do not need to learn how finance works in order to create strategies, more often than not this will simply be you automating previous strategies you already have. + +**If you have a background in computer science/coding/programming:** + +You need to learn how economics works, and how the stock market works. No, the free online course will not likely teach you enough on how to make money. You need to know how they work to a T. This is going to take a while, and you will lose money. This will be true for 99% of you. + +&#x200B; + +\*if any term from here on out makes no sense to you, open up Google and look into it. \* + +&#x200B; + +\***Common backtesting errors\*** + +Overfitting: + +Something you should never, ever, ever do, test your strategy on your entire dataset at once. This leads to an error known as "overfitting." Basically, it means that you're making the strategy look good because you tweak the data until it returns a positive result. If you're new and you find a strategy that returns 50% annually, this is probably your issue. + +**How to solve**: \*\*\*as u/provoko pointed out, the solution I detail for this falls under "hold out bias" and would actually itself be another error. Link to the paper describing it [here](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2460551). If anyone knows how to deal with overfitting, please leave a suggestion below \*\*\* + +&#x200B; + +\--------EDIT: BAD SOLUTION ---------------- + +split your historical data into 2 pools of data: a training pool of data and a test pool of data. For example, if you have historical data on the S&P 500 from 2000-2015, your training pool would be 2000-2010, and your test pool would be 2011-2015. Train your model on the training pool, get the results looking good, then test it on the test pool. It if performs miserably on the test pool, you overfit your data. + +\---------EDIT: BAD SOLUTION -------- + +&#x200B; + +Look ahead bias: + +This means that your model uses data in the backtest that it would not know in real time. So if your model buys a stock at the beginning of the day if the high of the day is greater than the opening, it would not be able to do this because the high of the day is only known at closing. + +**How to solve:** A good way to solve this is to simply train your model on data from start until the day before (i.e. if the current trading day is January 21st, you only train your model until January 20th. + +&#x200B; + +Not factoring in other costs (Namely, commissions and slippage): + +Anyone can make a model that trades dozens of times a day and makes a profit. When you train your models, you do need to account for the broker you're trading with. Some brokers charge no commission, but instead make up for it on a bid/ask spread, or have spotty liquidity(looking at you Robinhood). As a result, strategies that look fantastic on paper wilt at the vine because of the "unforeseen" costs of trading. + +**How to solve**: Account for the transaction costs within your model, or look around for better brokers) + +&#x200B; + +\-----**Resources**\------- (If you have suggestions list them down in the comments) + +(I'm only going to include Python for the coding here because that's what I use and I can account for. If you use another language, usually googling "programming\_language" + keyword should get you some good answers) + +&#x200B; + +Coding: + +Code Academy: Learn Python [https://www.codecademy.com/learn/python](https://www.codecademy.com/learn/python) (video resource + mini classes) + +Learning Python, 5th edition [http://shop.oreilly.com/product/0636920028154.do](http://shop.oreilly.com/product/0636920028154.do) (Book) + +Python for Data Analysis [https://www.ebooks.com/book/detail/95871448](https://www.ebooks.com/book/detail/95871448) (Book for learning Pandas, a great data-science library IMO) + +&#x200B; + +Algorithmic stuff + +Ernest Chan's Quantitative Trading: How to Build Your Own Algorithmic Trading Business and Algorithmic Trading: Winning Strategies and Their Rationale - both great books for learning the ins and outs of how to trade with an automated system. + +Inside the Black Box: The Simple Truth About Quantitative Trading - Not a how-to, but more of an introduction into the ins and outs of what it really is. + + [Building Winning Algorithmic Trading Systems: A Trader's Journey From Data Mining to Monte Carlo Simulation to Live Trading](https://www.amazon.com/Building-Winning-Algorithmic-Trading-Systems/dp/1118778987/ref=sr_1_3?s=books&ie=UTF8&qid=1547343212&sr=1-3&keywords=building+winning+algorithmic+trading+systems) (recommended by u/AsceticMind) (book) + + [https://www.quantopian.com/lectures](https://www.quantopian.com/lectures) (videos) - According to the comments section on other "how do I get started", these are apparently really good. + +&#x200B; + +**Where to get historical data (mostly free):** + +EOD U.S Equities: [https://www.tiingo.com](https://www.tiingo.com) This is a free financial API for fetching US equity data for EOD. It has a REST API, so if your language is not natively supported, you could always write your own. (Or just use your browser to get the data and then save it to your computer, IDC) + +Also: Yahoo Finance -- While they removed support for their API, they still let you download historical end-of-day data from their website directly, no API or keys required. + +&#x200B; + +If anyone has any suggestions or comments, please suggest down below. This is only a start, and someone may know a better way of doing something, or perhaps I made an error. +Just curious. I’ve heard that trading foreign exchange markets is even more difficult to succeed at compared to trading stocks and the derivatives contracts (can’t say the O-word) associated with the securities markets (puts, calls, futures, spreads). + +I’m sorry if this is a commonly asked question. I’m interested in this and pretty new to exploring the foreign exchange markets, and Reddit’s search engine kind of sucks. + + +**Join the Telegram for 24/7 support -** [**https://t.me/TacoCatCrew**](https://t.me/TacoCatCrew) + +**Ask the devs any questions you might have!** + +\--------------------- + +**BUY HERE! -** [**PancakeSwap**](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +\--------------------- + +**🌮** [**Telegram**](https://t.me/TacoCatCrew) + +**😺** [**Twitter**](https://twitter.com/tacocatcrew) + +**🌮** [**Website Tacocat.finance**](https://tacocat.finance/) + +**😺**[**Discord**](https://discord.gg/kwPG4edB) + +\--------------------- + +**PAST WEEK ACHIEVEMENTS** + +\--------------------- + +* **Approaching 12,000 holders** +* **ATH Marketcap of $25 Million** +* **INSANE liquidy stabilized at 33%** +* **1M follower Influencer campaign initiated** +* **10k TacoCat + Exclusive First Merch giveaway** +* **Pancake Swap logo submission** +* **Dev and Marketing AMA on Discord and Telegram completed** +* **CoinGecko listing in six hours after application** + +**Why invest now?** + +\--------------------- + +TacoCat is primed for takeoff, with a brand new influencer campaign, featuring MaddChadd, from Tiktok ([https://www.tiktok.com/@maddchadd](https://www.tiktok.com/@maddchadd)). MaddChadd will be working together with TacoCat to create new media on his TikTok and continue building even more community interaction and cool TacoCat ideas. + +Together with the community, TacoCat is going to begin the implementation of the exclusive TacoCat merch store. TacoCat fans will be able to purchase exclusive and limited time TacoCat merch on the platform, and have community run votes on merch apparel, design, and access. Want to see TacoCat shirts? Hats? Slippers? Come in to the TacoCat community and talk about it! TacoCat wants the community to have a larger say in what you see in the merch store, and where you see it. + +Like the last week, a new weekly roadmap will be presented on Monday, outlining the next week of marketing, growth, potential new partnerships and more community governance! + +Expect much more from this little kitty, as the TacoCat token ecosystem begins to grow! From restaurants, to festivals, to store fronts and even in your home, TacoCat wants to explode on to the scene. From Cryptocurrency to real life merch and function, TacoCat is gearing up for liftoff! + +\--------------------- + +**So what about the Taconomics?** + +These are the fees on every transaction on TacoCat: + +8% to liquidity pool + +1% to holders + +**What does this mean? - Good Liquidity is indictive of a strong pool for stable growth and has cushioning effect on manipulative whale plays. That means whenever someone buys OR sells, holders gain! The liquidity pool is strengthened AND everyone gets a 1% relect.** + +\--------------------- + +**Is it Safe? Can I get rugged?** + +No, because the liquidity of this token has been locked. That means that the dev team cannot access these liquidity for SIX MORE months! And after that, the remaining liquidity is also locked for an ENTIRE YEAR. + +Ownership as been relinquished as well, so the smart contract cannot be altered to include any nefarious functions. + +**BSC SCANS FOR LIQUIDITY LOCK** + +Locked Liquidity + +**50% of Liquidity LOCKED for 6 months:** [**https://bscscan.com/tx/0xd714bb4f8a53993cf9581cb56d6e0726e281db252efaf80f9347702cfc990814**](https://bscscan.com/tx/0xd714bb4f8a53993cf9581cb56d6e0726e281db252efaf80f9347702cfc990814) + +**Remaining 50% of Liquidity LOCKED for 12 months:** [**https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf7737257**](https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf7737257) + +\--------------------- + +✅ TOKEN ADDRESS: 0xA8fcEe78B782eF97380326E90DF80D72f025f020 + +💵 Purchase on Pancake Swap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +♻️ 8% fee AUTOMATICALLY GOES BACK INTO LIQUIDITY + +💎 1% fee AUTOMATICALLY GETS DISTRIBUTED BACK TO HOLDERS + +🔮 Contract Address 🔮[https://bscscan.com/token/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66](https://bscscan.com/token/0xA8fcEe78B782eF97380326E90DF80D72f025f020) + +👌🏻 Ownership Renounced 👌🏻 + +\--------------------- + +[**Buy PCS ( set slippage to 9)**](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +[**Chart**](https://charts.bogged.finance/?token=0xA8fcEe78B782eF97380326E90DF80D72f025f020) **📊** + +**Please DYOR and this is not Financial Advice** +Landlords in Washington State are following through with charging late fees and starting collections proceedings against tenants. The attorney general's office claims they are receiving complaints faster than they can respond. + +"What landlords need to hear is that we understand that they're struggling, " said Ferguson. "The federal government has taken action to help out landlords, so they're not facing their own foreclosure issues. But, at the same time, they need to follow the governor's proclamation. We're all in it together." + +[https://www.king5.com/article/money/your-money-your-future/washington-eviction-moratorium-violations/281-65a43028-9b25-4b0d-84d4-3851d2376fda?fbclid=IwAR1vui73kUirhBpKNtrSGZjvZsnh3Xp7boiiGK93YCqexuf4\_0ahSocvilc](https://www.king5.com/article/money/your-money-your-future/washington-eviction-moratorium-violations/281-65a43028-9b25-4b0d-84d4-3851d2376fda?fbclid=IwAR1vui73kUirhBpKNtrSGZjvZsnh3Xp7boiiGK93YCqexuf4_0ahSocvilc) + +Thoughts? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +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! + +When you go to a casino for the first time, almost every one of them automatically give you free money just for signing up. I have been to 3 casinos in my life and all 3 of them did this. There is no catch. The casino does this because most people will continue to gamble away a lot more money, but you don’t have to do that. + +You can take the free money and usually go spend it directly on food at the restaurant inside the casino. There’s no catch or anything. + +So if you live near a casino, check out what kind of sign up bonuses they have and go for a free lunch. +&#x200B; + +https://preview.redd.it/0izo4i1p0d771.png?width=1600&format=png&auto=webp&s=70bc9bf3c0cb98235d20174b2c12ab7c9058db9b + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/24dmrozq0d771.png?width=680&format=png&auto=webp&s=6fae29623d2b0f253b5353bd1a14e6f0183dc7ce + +&#x200B; + +https://preview.redd.it/e3iimxte1d771.png?width=722&format=png&auto=webp&s=fa97fe12ababd137307bfee02d882b0072ccda93 + +RRP still at 813 billion + +&#x200B; + +https://preview.redd.it/za8hi59n1d771.png?width=960&format=png&auto=webp&s=6c754dc19e2d991f2c633b1098df4564df1cf0e7 + +The exponential floor thanks to u/JTH1 I wonder if the russel shuffle will affect this model today. + +Also on that note + +# The Russel 1000 + +&#x200B; + +https://preview.redd.it/9lb2dh872d771.png?width=640&format=png&auto=webp&s=0eae17a0ec74d507c6c27563d5a78470dc12d2c6 + +Please know that due to the idea of "front running" these ETF's we may see an uptick in volume today, but the actual buying of the ETF's will happen in the after hours as far as I was able to understand from the research of others. + +as seen in this thread: + +[https://www.reddit.com/r/Superstonk/comments/o735ef/psa\_gme\_will\_not\_be\_joining\_the\_russell\_1000/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o735ef/psa_gme_will_not_be_joining_the_russell_1000/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +We could also see if the T+21 gets triggered today or that they let them turn into FTD's + +But no matter what happens remember, this is the Water temple. + +&#x200B; + +https://preview.redd.it/1e1073e33d771.png?width=640&format=png&auto=webp&s=a4e92a46a0c446148b7b24a6a02a72d87b167bf1 + +So chill out and have patience. + +&#x200B; + +https://preview.redd.it/qeulh9gp7d771.png?width=430&format=png&auto=webp&s=ef348d0864a9b5bda0cf945608c6339349765748 + +# NSCC -005 delayed per the SEC + +There seems to be some misconceptions I've seen forming about this one, this is the NSCC-005 that is delayed, not the DTCC-005 these are two separate filings. + +[This is the DTCC 005](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005.pdf) + +[This is the NSCC 005](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-005.pdf) + +The NSCC 005 is for Minimum Deposit Requirement Increase Proposal + +&#x200B; + +https://preview.redd.it/73j5h6sb7d771.png?width=1008&format=png&auto=webp&s=f92e8e9d23ded3bd193a71ce571b3d04a4e06b1e + +# Citadel was raided in Ecuador + +source: + +[https://www.eluniverso.com/noticias/politica/allanan-las-empresas-decevale-y-citadel-por-el-delito-de-falsedad-de-informacion-en-el-sistema-de-mercado-de-valores-nota/](https://www.eluniverso.com/noticias/politica/allanan-las-empresas-decevale-y-citadel-por-el-delito-de-falsedad-de-informacion-en-el-sistema-de-mercado-de-valores-nota/) + +Ok so I've heard a lot of speculation about this, and this is why I love our community, I've sent out a message on twitter asking for help on this, and ask and you shall receive! + +so lets go! + +Citadel in Ecuador has no ties to that we could find to Shitadel Chicago. + +Yes it does have the same name "Citadel" but unless a name is a trademark or something like that, that would mean I could start a company with the same name, in the same or different country without a problem, even [@Annihil4tionGod](https://twitter.com/Annihil4tionGod) checked the Lei and found no connection. + +\- different presidents, + +\- different HQ addresses, + +\- different logo. + +So until presented with different evidence, I believe we can write it off as "not THE Shitadel we know" + +[link to the LEI research](https://twitter.com/Annihil4tionGod/status/1408105846161170432) + +&#x200B; + +https://preview.redd.it/ym0yzc3f7d771.png?width=1200&format=png&auto=webp&s=25d63bf7a79b41af7ee3d02d07a7163ba875cc76 + +# TOYS 'r' STOP + +&#x200B; + +https://preview.redd.it/g5arhce86d771.png?width=782&format=png&auto=webp&s=6d51877b19b4be097da06f8d6cf1f8ed46335263 + +I'm loving this, purely because about two weeks ago we had the glitch happen and Toys R us had the PUR/GME logo for a day or so. + +But that had lead me to some rabbit hole and made a short thread here: + +[https://www.reddit.com/r/Superstonk/comments/nvw6kc/gme\_and\_toys\_r\_us/](https://www.reddit.com/r/Superstonk/comments/nvw6kc/gme_and_toys_r_us/) + +The thing comes down to a few basic things, + +1. toys R us is not a distraction, you can't buy their stock as it's not public +2. backed by blackrock, the same guys who backed RC +3. I believe the RC sears tweet may be related, as this would give a big space were they could put things. +4. I miss Geoffrey ok? + +But I do believe that if they expand in that area they would become more than just videogames, they could in theory become a one stop entertainment shop. again I have nothing solid but I feel like this may be a good thing to come. + +&#x200B; + +[credit to u\/Doggoonewild](https://preview.redd.it/uol465iaad771.png?width=640&format=png&auto=webp&s=50f32d9d73f05a645a7b0be03e05151d8393b123) + +# Citadel-Owned Centricus Appoints Adam Aron As Director + +On May 6, 2021, Adam Aron (of movie stock) was named director of Centricus Acquisition Corp in the Cayman Islands, a company which is owned by Citadel/Ken Griffin. + +you can read more about it in [this thread](https://www.reddit.com/r/Superstonk/comments/o78dhn/citadelowned_centricus_appoints_adam_aron_as/) + +I don't want to spread FUD or say one shouldn't hold AMC or anything but, seeing the apes general consensus on Adam Aron's twitter feed ([https://twitter.com/CEOAdam/status/1407881140371968001](https://twitter.com/CEOAdam/status/1407881140371968001)) + +I'd do some research into this and see if it holds any truth because if our boy RC was involved with Citadel in any way shape or form I would want to know. + +**Addendum:** + +What I meant with this is that Adam Aron seems to be involved with Citadel, if anyone in GameStop would be involved (for example Ryan Cohen or anyone else) I as a shaleholder in any of their ventures, I would like to get to the bottom of it.Because, if they are involved with "the other side" I would look into it, as it seems as a conflict of interest to me.I am not saying RC or anyone from GME is involved with Citadel, sorry if I didn't make that clear. + +&#x200B; + +https://preview.redd.it/ugzny6cgad771.png?width=554&format=png&auto=webp&s=8d33571a0a3ef7ac73a15bfcd0dd2e36dfd5edf3 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/st31omziad771.png?width=400&format=png&auto=webp&s=32f356ad49ebfe591100ad4991dd3ceab56f105f + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +Edit 1: + +[Thanks to Annihil4tionGod](https://preview.redd.it/8ejays67dd771.png?width=4096&format=png&auto=webp&s=a90d3ed1a38a18de0b2e56cd054de3819bf4483a) + +Edit 2: + +&#x200B; + +[dtcc005 be like](https://preview.redd.it/m5qsmj2bne771.png?width=800&format=png&auto=webp&s=2c7b7702698e978b37237fcc9a2f57e34d634ce7) + +DTCC 005 was approved last night + +[https://www.reddit.com/r/Superstonk/comments/o7jyho/srdtcc2021005\_was\_approved\_last\_night/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/o7jyho/srdtcc2021005_was_approved_last_night/?utm_medium=android_app&utm_source=share) + +&#x200B; +Hello I have 5,000 dollars cash. It’s all cash I’ve earned from my bussing job in the past 4 months because we get paid in cash. I have earned even more, but haven’t spent not a lot because I don’t have to pay rent right now. I now have so much cash in 20’s, 10’s, 5’s and 1’s. And now I’ve gotten extremely scared to actually go to the bank and deposit it. Because what if they think it’s from selling drugs and they call the cops?! But anyways, I feel like there’s something I should be doing with my money that’s smarter. Like investing? What should I do with it all! +what did you do to get money? I’m willing to grind, I’m just sick of being poor. my ppl got mad health issues n so do I, we live in shitholes and drive worse. I appreciate those blessings but what more could I do. Ion care what it is I just want ideas. +I’m a producer but ion rly got time to figure out selling beats like that, I need to perfect that a lil more, I make my own music but ion release it. I tried phone flips and plan to try again when I can but ion know +Not sure if allowed to post here but would appreciate any help. Very long story short and many bad decisions later, I have $147K student loan debt remaining and $105K in my bank account. I have a lot of childhood trauma surrounded by money so yes, I have saved/ hoarded all my money to feel safe and through OCD. I live far below my means without making a lot of money to have saved this much. + +&#x200B; + +So, the break down. + +**Parent plus loan in my mothers name - $114K @ 8% interest** + +**Student loan in my name - $33K multiple loans @ 3.4% - 6.8% interest** + +&#x200B; + +My income: + +**I bring in around $2600- $3000 a month.** + +**Estimated monthly living expenses between rent, electric, internet, food - Generally around $925** + +&#x200B; + +Which should I tackle first? I feel it makes most sense to throw lets say $100K at the parent plus loan because the interest rate is killing me. But I get tempted to get rid of the one in my name because I am legally bound to that so if I lost my job or anything happened (again, OCD talking) then I am safe because the parent plus loan is not legally tied to my name. + +&#x200B; + +And before anyone says anything, yes the $114K is in my moms name and yes she is legally bound and yes it is technically her loan but she will not help and does not care I am drowning in this so I need to get rid of this on my own. + +&#x200B; + +I would really appreciate any advice, tops, encouragement, maybe telling me to flee the country to avoid all responsibility, just please be kind because mentally I am at my breaking point. +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! + +Hey apes, + +If you're unsure of who I am, I'm the guy who tracks the online activity of this sub and other subs across Reddit. I initially started tracking this because of interesting online activity on [May 29](https://www.reddit.com/r/Superstonk/comments/no2mm0/this_sub_just_went_from_85000_users_online_to/?utm_source=share&amp;amp;amp;utm_medium=ios_app&amp;amp;amp;utm_name=iossmf) where the sub in a matter of minutes went from 85,000 users to 24,000 in a matter of minutes. I was at first met with doubt, that it was a Reddit server issue, which sometimes it is. But after tracking other subs online activity outside of Superstonk, Popcorn stock, GME, and Double USB to confirm my suspicions, I believe I was right that bots were lurking heavily here and in other memestock subs. + +[Here's another interesting moment when online users went down across the memestock/krypto subs](https://www.reddit.com/r/Superstonk/comments/nwcult/once_again_this_sub_just_went_from_150k_online/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf) + +[And another although I concede I don't believe this was due to our mods anymore](https://www.reddit.com/r/Superstonk/comments/omjt15/remember_about_a_month_ago_when_i_said_100k_bots/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) + +Here's some data I've collected over the months with average users for each sub I've tracked since my last post. I'm rounding these to simplify. + +Superstonk | Average Count - 66,000 | Current User Count - 32,125 + +DND | Average Count - 8,600 | Current User Count - 6,026 + +Rupaulsdragrace | Average Count - 4,000 | Current User Count - 3,663 + +D ogec oin | Average Count - 9,000 | Current User Count - 3,053 + +Popcornstock | Average Count - 36,250 | Current User Count - 17,919 + +Double USB | Average Count - 46,000 | Current User Count - 35,308 + +C rypt oCurrency | Average Count - 26,200 | Current User Count - 10,812 + +GME | Average Count - 11,900 | Current User Count - 5,488 + +Stocks | Average Count - 5,900 | Current User Count - 4,801 + +Stockmarket | Average Count - 2530 | Current User Count - 3,147 + +Mildlyinteresting | Average Count - 17900 | Current User Count - 15,203 + +Last week on Superstonk with the big Tuesday runup, we surpassed 100,000 online users again and it stayed over 70,000 the rest of the week until the weekend where it crashed to 0. This was definitely a Reddit server issue, not only here or across the memestock/krypto subs because all of the other subs I track, DND, mildlyinteresting, rupaulsdragrace, also were affected with 0 online users. + +However, today and yesterday Superstonk has been below 40,000 consistently which I thought was odd considering the hype coming into this week. I noticed it was also significantly lower across the memestock subs and krypto subs which was even odder. The interesting thing is, this time it's not a Reddit server issue. DND, mildlyinteresting, and rupaulsdragrace are all at their usual average numbers. + +My conclusion? Maybe I'm prematurely ejaculating, but I think the bots are gone from here and the other memestock/krypto subs. Are hedgies running out of money for bots? I think we're about to find out this week if we hit Alpha Centauri. +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! + +Some colleges and universities in the USA will pay for 100% or a very large portion of your tuition if you are a full time employee. A lot of people dont consider working at a University if they dont want to be a professor or in academia but they forget about all the other job opportunities! Every school has a finance department, HR, an IT department, a communications and marketing team, and other departments that could fit your career goals and don't have much to do with academia at all. My roommate wanted to work in government affairs, got a job at a university doing that, and is now getting her masters in public policy 100% paid by them. I also work at a University and am getting 100% of my masters degree paid for. Its a smart way to further your education without the worry of more student loans and its doesnt have to be a forever job. + +Edit: I understand that this isn’t every college! I was simply suggesting something people could look further into as an option that they may not have considered, that’s all! +My goal is to retire early so it's nice to hit this milestone early on in my career. + +I'm 33 and just about to celebrate my 10 year anniversary of being employed. Plan is to retire around 40-45 and then focus on my hobbies. + +I don't bring in a ridiculous salary but have had a high savings rate and good luck with returns. I'm frugal so I can maintain a decent savings rate despite living in a relatively expensive northeast suburb. My rent is $1850 as an example although I split that cost with my Fiancee. + +According to the ss.gov website, my gross income average since I started working has been $70254. I started at $45,000 when I graduated in 2008. It's doubled since then and now I can finally pump more money into individual accounts. It's pretty awesome to have a portfolio that's probably equal to my actual net income after taxes. The power of compounding! + +I max out the 401k and Roth IRA each year with index funds. Index funds make up about 65% of my investment income and the rest is individual securities. I've had a great run with some individual picks that have driven results quite a bit(UNH, MKL are my two biggest holdings and I bought a bunch of UNH in the 20s all the way up to the 100s). I actually sold a bunch of UNH when it became too big a part of my portfolio in the 130s and now it soared all the way up to 220. Risk management can sometimes come at the expense of returns but I'd rather not how so much exposure to one stock. Still hold a good portion of their stock though and like the company. I've also played around with options a bit but in a very small way. Again most of my money is in index funds so my overall returns haven't been that far above the S&P 500 although I've eclipsed it a little bit. + +My strategy has been to follow a strict investment plan since I started although I only got serious about tracking my asset allocation closely in the past few years. My investment plan also allows me to hold up to 10% max in cash as part of my portfolio when I can't find any good deals out there. I always have money flowing into the market though via bi weekly 401k contributions. + +I'm pretty amped to get there so early due to the crazy bull market we've had and am not worried if there's a move in the other direction. I'm still likely 10+ years out and plan to keep pumping money in for a while so lower prices are better for me from a long term return perspective. + +Just wanted to say YAY and show everyone that it doesn't take a ton to make things work as long as you're consistent. + + + + + + +I love papa Elon as much as everyone else, but after the GME saga a lot of people will come to the crypto world looking to fuck over the dollar and govermental istitutions. So how about we actually redirect them to some project that have fundamentals and a purpouse, and not some fucking meme coin with infinite supply that basically acts like the dollar. Let's not waste this opportunity, because when the DOGE whales will dump newcomers will lose a lot of faith in crypto. +::Reposting this Guide for the weekend since it got buried the first time:: + +I went down the rabbit hole last night experimenting with creating a Wallet, a GME NFT profile, and minting my first NFT! + +Below is a step by step guide on how you can accomplish the same! + +Here is everything you will need to get going: + +Chrome Browser on a computer (I used PC should be the same on Apple) + +Debit Card + +State ID/Drivers License/or Passport + +Smart phone with working camera + +You will begin your journey by going to the GME NFT login page using the CHROME BROWSER: + +[https://beta.nft.gamestop.com/login](https://beta.nft.gamestop.com/login) + +Warning: People have had issues with different browser and wallet configurations. I will walk you through the way that worked for me. I can't guarantee other configurations will work the same. + +&#x200B; + +https://preview.redd.it/hdnet4sdaqp81.png?width=1355&format=png&auto=webp&s=3ebb4cbfc23132ea48c0e5dae1f61efcb132cfd6 + +***PART 1: Setting up a Metamask wallet*** + +Click on the "Install Metamask" option + +Follow through Metamasks prompts and instructions to complete setup + +This next part is really important. They are going to give you a pass phrase. You need to write that shit down in the exact order it is given to you. Put it in a special place. Metamask can not help you recover your account without that passphrase. + +After you have a Metamask wallet setup you will hit the "Connect" button on the top right corner of the GME NFT login or main page. + +Metamask will automatically link your wallet to the GME marketplace once you put your password in. + +You'll have to hit the "sign" button once or twice. + +&#x200B; + +https://preview.redd.it/uiuuel3faqp81.png?width=326&format=png&auto=webp&s=4f2aaa52aa07f44356673179385bb0903578e73e + +It will look like this once you login (add funds may not be there because you haven't upgrade to L2 yet; we will cover later) + +&#x200B; + +https://preview.redd.it/nhlnq6agaqp81.png?width=348&format=png&auto=webp&s=787e264ee2972aa2600bded052c081842aec6896 + +I have a name because I set my profile up which is what we will cover next! + +Click on your temporary name (where mine says Stonk) + +You may have to hit the sign button more after this. + +***PART 2: Setting up your Profile and Email:*** + +You will see your Profile page now: + +&#x200B; + +https://preview.redd.it/qrewsn5haqp81.png?width=1670&format=png&auto=webp&s=724480561e8fb603bdfa4d1999be4cb16a0e04be + +Click on "Edit Profile" + +Important Note: Mine is completed. I had issues with this part. I found that only doing the email verification first and then finishing the rest worked for me. + +Click on the email text field and enter your email address and hit the "verify" button. + +Once you click on the link they email you, go back into your profile. It should say verified. + +Now pick a Display Name and put your bio in. You have be asked to do 2 "I am not a robot" image matching tests EACH time you try a new display name. If it isn't letting you hit the save button at the bottom of the page your display name is most likely already taken or not allowed. It does not always warn you appropriately that you have chosen poorly. + +&#x200B; + +https://preview.redd.it/cxdll3ziaqp81.png?width=541&format=png&auto=webp&s=82c7791a9451bc72b19bd6a34747d82282cbdf15 + +Interesting note: If you click on the picture button next to your profile name you can set an avatar. It has to be an NFT in your collection. + +https://preview.redd.it/a0dqxxvjaqp81.png?width=544&format=png&auto=webp&s=61e4e2b2f3754b9d2294b2f71624626f783393f7 + +The marketplace isn't available yet when you click on Browse as of 3/24/22 + +Which led me further down the rabbit hole to part 3: Minting an NFT. + +You are going to need to get your wallet setup on Layer2. On GameStop (or Looprings) website you can add funds using a company called Ramp. + +You will use a DEBIT CARD (they don't specify this but it is necessary) to pay for some Ethereum. It was around $135 bucks for me. They want you to prove you're a person basically. You don't actually pay all that money. There is a button in your sign in box to activate layer 2. I also upgraded to layer 2 on the loopring website which we will cover later. Then you've got some ETH that you will need later to make some sweet NFT's. + +Again, when you add funds I chose Ramp as the method. + +Ramp is going to generate a QR code that you are going to scan on your phone. Download google lens if you are on android and don't have a QR code app (apple has it built into the camera). + +It will basically have you scan your face, and your ID to make sure you are you. I actually had to do it twice. Got it done in less than 10 minutes. You will get an email when you are approved. Super easy but awkward (I am suspicious of everything.) + +***PART 3: Minting an NFT*** + +Do you know how to copy and paste? + +Let me tell you, this shit is so fucking easy it is going to blow your mind. + +We are going to be using 2 websites for this. + +Make a log in for each of these websites: + +[loopring.io](https://loopring.io/) + +[pinata.cloud](https://pinata.cloud/) + +&#x200B; + +https://preview.redd.it/z8ptn9nlaqp81.png?width=437&format=png&auto=webp&s=963eaf6084ba19ce831241c6a16d9826179efd76 + +Create a folder on your computer called "NFT" + +Go into Paint and make something stupid and save it as a .jpg in the NFT folder you made. + +I went into paint and pasted a picture of Ryan Cohen's face onto Gandalf's body from Lord of the Rings smoking a sick pipe. + +Go to [loopring.io](https://loopring.io/) + +Click on "Launch App" + +Click the big blue "Connect Wallet" button + +Choose MetaMask + +Hit the big blue "Unlock" button and sign again like you've been doing + +Under the "Trade" Page you are going to want to convert some Ethereum to LRC coin. + +Luckily you already have some Ethereum because you had to add some to upgrade to layer 2. + +&#x200B; + +https://preview.redd.it/2upt7wmmaqp81.png?width=1179&format=png&auto=webp&s=66d5a43edb9af36f536fab6446cb5bf3ce4f99d9 + +It makes you convert a minimum of 0.0324323 ETH and you get about 93 LRC coins. + +I added funds twice (both times through loopring actually). The etherium showed up immediately on the gamestop nft website on my profile too. You can adds funds in either website and it shows up right away. + +It was about $135 bucks both times. You only need to do it once. The money that it needed to see for me to upgrade to layer 2 wasn't actually used, so I converted it into LRC. This is because when you go to mint it wasn't working with ETH even though it was an option. I'm getting ahead of myself. + +Now you have a wallet through metamask that is on layer2 through loopring and you have some LRC coin. You are ready to mint an NFT! + +Go to [pinata.cloud](https://pinata.cloud/) + +Click Upload + +Click Folder + +Select your NFT folder you made. It should just have that 1 xxxx.jpg picture you made earlier + +&#x200B; + +https://preview.redd.it/sfdi310oaqp81.png?width=1230&format=png&auto=webp&s=8c06b1abe76df399014c127915dbf7977cbda4dd + +Give it a name. + +You are going to click the 2 little pages next to the unique code it generated (this will copy the code): + +&#x200B; + +https://preview.redd.it/if5esz0paqp81.png?width=809&format=png&auto=webp&s=68a9aaadf29496ddbec191fca75e457c8fbf1264 + +Next open a new notepad file + +Paste this block of test into it + +This is my code for the NFT I made + +You are going to change the text obviously. + +Here is the important piece: + +To make this all work you are going to paste in your code that you just copied from pinata into the text under "Image". + +Then you are going to put the file name after the / + +So if earlier you made a picture of Kenny eating mayo and called the jpg Mayoboy69.jpg that is what you would put in. + +{ + +"description": "RCwizard", + +"image": "ipfs://***QmXTdxRne3T7fJu3fHa56q6512KL2EKkWDjHMReocfppU***/RCwizard.jpg", + +"name": "Ryan Cohen is a Stonk Wizard", + +"royalty\_percentage": 10 + +} + +You are going to go to File-> Save as-> and under file name give it whatever name you want, but put .json after it and hit save. + +so it might be Mayobitch.json + +Now we go back to Pinata and hit that Upload button again. + +This time we are going to choose "File" and choose our .json file we just made. + +It will show up in the list + +&#x200B; + +https://preview.redd.it/xasmp4gqaqp81.png?width=853&format=png&auto=webp&s=810f5b29c141248aa033d6920a1dedd1c6af87b2 + +Click the little copy button next to the xxx.json CID + +Now go back into [loopring.io](https://loopring.io/) (you may have to hit unlock and sign again if you were away from the page for awhile) + +Click L2 Wallet at the top of the page and go to My NFT + +https://preview.redd.it/i7apvmmraqp81.png?width=1132&format=png&auto=webp&s=7a5828dad9a8aaa37de961255a4eb05ff49cca08 + +Click on Mint NFT at the top right corner + +https://preview.redd.it/dw84ajpsaqp81.png?width=473&format=png&auto=webp&s=fe37f212120b8a5f1cc2d9e55f9c8b3209c1ac48 + +You are going to paste the the code you just copied from pinata from the .json you made into the top box + +Next click on the ETH fee and change it to LRC + +Then put in the amount of NFT's you want to mint. I made 741. + +This next part is important. You may need to click between boxes and copy and paste the code in several times, you may also need to wait a minute, until the preview image and name pop up. If this doesn't happen then if it let's you mint it isn't going to work. + +Once you see a preview image and the name generated then you can click the Mint button. It's less than 1 LRC coin to mint so its dirt cheap. That's why the layer 2 is so important. + +Now when GameStop's NFT marketplace is live you should have an NFT waiting in your collection that you can set as your profile picture! + +This was my first time experimenting with any of this stuff. As such I encourage anyone with more knowledge to help clarify and expand on these topics. + +None of this is financial advice; I sleep in a racecar bed 🏎️🛏️ + +[https://desk.zoho.com/portal/loopring/en/kb/articles/nft-minting-on-l2](https://desk.zoho.com/portal/loopring/en/kb/articles/nft-minting-on-l2) +I was introduced to FIRE via Mr. Money Mustache as soon as I started my working career at 22, making $32,000 BUT blessed with no student loans. At the precipice of this change from college to career, I felt such doom for what lay ahead. My biggest concern was the lack time off for the years and decades to come. Learning that two weeks of PTO (vacation AND sick) were going to be the parameters in which I could explore the world, connect with family, and recover from illness was depressing to say the least. Really, I think it was this fact alone that made FIRE speak to me so strongly. And so I started to save. As much as I could stand. During this time, FIRE hit the mainstream media and many articles rebuked the movement. I read several encouraging people in their twenties to travel, make memories, and not to worry about a retirement that may never come. Well, like I said, I only had two weeks of vacation, so travel was limited whether I had money or not. Still, over the years I got to visit some pretty cool places-Japan, Iceland, Alaska. I wasn't crazy frugal. I went out to eat plenty and allowed occasional indulgences. Overall, I was just very mindful of how I spent my money. I truly considered each and every purchase. Carefully. Really, savings became automatic. First, by maxing out my IRA. When I got a new job making a little more money, I added maxing out the HSA. And now, at 28, maxing out a 457 in addition to that. For my entire working life, I have had no idea what it's like to live off my actual salary, because I have always saved a relatively large percent of it. I have a decent chunk of change now, and combined with my partner, we hope to have over half a million invested in retirement in the next few years. + +But we are nearing the precipice of another change: babies. Like when I was 22, I look out at what's ahead with doom. Not the part where I get to raise and love my children. The part where I get a mere 12 weeks of parental leave (and, I have the audacity to use the adjective 'mere' here-because for many people in the USA, this is great. But compared to the world.....), my husband gets six, and then we both return back to working 40 hours a week while paying $2000 a month in child care cost. Per child. And what about providing for my children? Of course, I see great value in frugality. But I also see great value in highly nutritious organic food, family vacations, and activities for the children. I simply don't see a future in which I can continue to save the same amount for FIRE and have the life I want with my children. For the past year, this has depressed me greatly. The one goal I thought I had, I felt like I was going to fail. + +But wait. Does it have to be this way? We could very realistically have half a million invested at the time of our first child's birth in three to four years. Half a million at age 32, compounded over 30 years, with additional contributions of just $150 a month, will result in 3 million saved at retirement. Aha. Coast FIRE. Maybe we don't need to work full time. Maybe I don't need to continue saving at the same rate. + +I thought I was saving for freedom. Instead, I was saving for options. + +Mr Money Mustache's case today today further highlighted the conclusion I have come to: + +"On top of that, I’m a big fan of the idea of **preparing for parenthood** in advance, if you are young enough to have this luxury. In other words, do the 12-hour days and buckling down and hardcore saving in your 20s as a [gift to your future self](https://www.mrmoneymustache.com/2014/11/11/are-you-giving-the-shaft-to-your-future-self/). That way, when you start a family around 30, both parents can afford to work part-time and share the burden of the real hard work: babies." + +It really has been an immense privilege and luxury to save such a healthy amount and live a life I'm completely satisfied by. I am grateful to have been born into a MCOL region. I am grateful to have been with the same partner this whole time who has similar financial values as me. I am grateful we both graduated from college with no debt. I am grateful our public sector jobs pay relatively well here, compared to the horrendous salaries I hear in other parts of the country. I honestly can't imagine having children without these kinds of savings. I am grateful but I am also mad. It doesn't have to be this way. The stress parents are under in this country is wrong and disproportionately affects low income workers. Politically, I hope we can start to value parents, parenting, and children in the USA ASAP. I honestly think if we had less savings, I would consider going without children, even though it is one of my greatest desires. +Spending too much time staring at the price can have some effects, like freaking out when it drops 10 percent. I just want to put things into perspective by sharing a few things. Ethereum is allowing people to innovate in completely new ways. + +First, take a look at the various smart contracts that people are coming up with on GitHub https://github.com/search?utf8=%E2%9C%93&q=ethereum+smart+contract&type=Repositories +Take your time going through the search results. After some time of browsing you realise the creativity that has spawned on Ethereum and people are trying to implement a diverse range of ideas on Ethereum. + +Then, take a look at the rapidly increasing number of ERC20 tokens on Ethereum here https://etherscan.io/tokens It's increasing by a few hundred a day. + +Take a look here for a list of dapps https://www.stateofthedapps.com/ + +And last but not least, take a look at the transactions chart showing an increase of transactions per day over time, yesterday hitting an ATH https://etherscan.io/chart/tx + +The ecosystem is growing and people are building assets and applications on Ethereum at a rapid rate. That's all that matters +Seriously I am so excited and I wanted to share this with you. I'm trying to avoid self-promoting but it's also hard not to share my excitement with a community that I've been a part of for a long period. I am minting under a different name but I've hidden some whale teeth in one of my mints and I may hide more in future mints - some of you somehow have already found it. + +I don't want to speak on behalf of all of the content creators for the marketplace when I say this but your support in purchasing these NFTs makes a huge difference. You're supporting real people at the end of the day, and that might mean that they can send their kids to extra-curriculars, pay down debts, or donate to their local charities etc. Thank you. + +The brief interactions I've had with Gamestop support to help me on board onto the marketplace has been some of the best customer service I've experienced - it's absolutely clear to me from this experience that this company really cares deeply about its community. I am so excited to see what new content creators will be on boarded to the marketplace and what they've created. + +I guess I just want to end this by saying thank you for being here as a community. Through thick and thin, good times and bad, thank you. Keep supporting the NFT creators and marketplace and keep searching for those whale teeth. If you're still looking for my hidden one, I'll let you know it's not obvious where it is. + +Whale Teeth for MOASS!! + +Edit: almost forgot, hedgies are clearly fucked, Gamestop NFT has whale teeth now. Get rekt Kenny! +You can find the actual sale price for any property here with a whole lot of useful filters https://www.valuergeneral.nsw.gov.au/services/sales-enquiry.htm +I +t only includes actual completed settlements so it will exclude very recent sales depending on what buyer/seller agreed. + +Figured more people should see this after the sold price post yesterday. You don’t have to rely on domain etc +This house was purchased in partnership with an out of state investor. (Please do not ask to partner with us, we are not accepting new partners at this time). We found the house on the MLS listed for $32K, but it had been on the market almost a full year. It is a 2 bedroom, 1 bathroom. When we inspected the house, we found what had been scaring people off. The floors, mainly in the kitchen area, were extremely uneven. We were unsure of the cause. The house was sitting square on the foundation and the sill plate looked good. After getting permission from the seller, we accessed the locked crawl space to see what was wrong. Luckily the floor joist were all in good shape and the house showed only minor signs of settling. The sub floor was completely rotten though. + +After talking with our investor, we decided to make an offer of $18K. This would give us a budget of roughly $7.5K to replace and level the subfloor, remove all carpet and add vinyl plank everywhere, paint everything, refinish the counter top and cabinets, repair and upgrade the electrical (only a minor upgrade), replace fixtures, repair drywall, repair windows, add window units for AC, and probably a few other things. We had originally discussed turning the dining room into a 3rd bedroom, but after we got in and did the measurements, we realized we just couldn't make it work like we had wanted because of an old chimney in the path of where we needed to put the hallway, so we are abandoning that project. We expect an ARV of between $55K - $65K, and rent between $600 and $650. Pictures [https://imgur.com/a/47NjmeI](https://imgur.com/a/47NjmeI) + +Feel free to ask any questions. +This may be naive of me, but I really don't understand it when I read posts on other subreddits about people who are "barely getting by" on 50k+ per year. I understand that it depends on where one lives, financial emergencies, children, etc, but I'm having a hard time wrapping my mind around this mentality. I'm currently a graduate student living in the US making about $18k a year before taxes and I'm honestly more comfortable now than I was growing up and living with my parents. I may not have the nicest things, but I don't have to think too hard about going to a movie with friends every once in a while. If I need a new shirt for a conference or interview, I can afford it. I eat fresh fruit and vegetables every day when they're in season. I can even afford the occasional long weekend in the mountains if I plan ahead and ask for overtime to make up for it. Life is comfortable. If I made $50k a year, I imagine I wouldn't have many worries. Is lifestyle creep really that insidious to make people believe they're living in poverty when they're not? +Anyone else worried by the near term impact lockdowns on the east coast will have on the broader AU market? + +I have visibility into a few businesses and their NSW/VIC sales + revenue have taken an absolute haircut (20% in most instances - discretionary e-commerce) which means half year and full year guidance for FY22 will probably come in on the lower end of town. + +E-commerce isn’t getting the same sugar hit it saw during last year’s corona shitfight and It’s a winning industry in this sort of environment. I’d imagine almost all other industries would be bleeding pretty hard in comparison. + +What are all you smooth brains seeing out there in actual business performance and is anyone worried about the current conditions? +Edit: Grammar and thank you for the awards! Credit goes to all the apes who are helping to slide the pieces together and doing legwork. There is so much complexity to all this by fucking design and without the sheer number of people who are working tirelessly daily, none of this may have come to light and retail would keep getting bent over. + +Borrowing from u/ForgottenBob, this should help for a summary or TL:DR. Thank you! + +https://preview.redd.it/mpxkh4gtmby61.png?width=708&format=png&auto=webp&s=1ff1b09e5226a6573b2c5dd848225986b0f1002b + +# Well, well, well.... + +&#x200B; + +Where to start.. I attempted my first piece of DD [yesterday](https://www.reddit.com/r/Superstonk/comments/n7z7ux/prepare_for_war_rise_of_the_atypical_propriety/) writing as I was finding things. It ended up being a bit of a mess, but some ideas started going off in my head as a result of the comments and findings and I think I may have found a thread. No TL:DR because everyone needs to absorb and understand this. Help each other out TO understand this. I'm not making broad leaps here or conspiracies because the data is staring us in the fucking face. I talked about wanting to play a game in my first DD, to see who can run out the clock on this whole fucking fiasco first. Let's see if the information I am about to present advances that in our favor or helps others who are building their own DD. Knowledge is power and we are open sourcing it as we speak. If there is anything I've missed or am wrong on, please let me know. Love all you apes. 😉 + +&#x200B; + +**Disclaimer: Nothing in this is financial advice yada yada yada** + +&#x200B; + +Let's start with the basics. I'm gonna go on a limb and say that 95% of us have gone through an online broker to buy our stonk right? I don't care who you opened an account with; Robinhood, Webull, TD, Schwab, even our fabled Fidelity as I've pointed out in the previous DD have all committed transgressions, but I digress. I honestly can't find the actual numbers, but I'm gonna speculate that unless you specifically state otherwise, everyone who owns stock through a brokerage online is a beneficial owner of said stock. Don't know if you are or not? You can check the fine print in the customer agreement, or you can ask your broker directly, "am I a registered or a beneficial owner of my stock?" Since I have been going through it anyways, here is Fidelity: + +&#x200B; + +**Fidelity Customer Agreement:** [Direct Link](https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/brokerage-account-customer-agreement.pdf) + +&#x200B; + +https://preview.redd.it/hgp5fcdjh5y61.png?width=731&format=png&auto=webp&s=1bdf963774eb291b02ce147f7ce8215415e8d3a6 + +Right there, and verifiable. If you bought stock through Fidelity's online brokerage (or transferred stock over) the stocks are held by a custodial party acting on your behalf. In this case, you are the beneficial owner of the stock, but NFS (National Financial Services) is the registered owner of said stock. + +&#x200B; + +Let's break down the difference between a registered owner of a stock vs. a beneficial owner of a stock. From [Investor.gov](https://www.investor.gov/what-registered-owner-what-beneficial-owner#:~:text=A%20beneficial%20owner%20holds%20shares,own%20their%20securities%20this%20way): + +**What is a “registered” owner? What is a “beneficial” owner?** + +**As a shareholder of a public company you may hold shares directly or indirectly:** + +* **A registered owner or record holder holds shares directly with the company.** +* **A beneficial owner holds shares indirectly, through a bank or broker-dealer. Beneficial owners holding their shares at a broker-dealer or bank are sometimes said to be holding shares in “street name.” The majority of U.S investors own their securities this way.** + +&#x200B; + +Pretty straight-forward right? You get all the legal rights entitled to a registered owner, but it's held in what's usually referred to as "street name." It's sort of a trade off with the convenience of being able to buy and sell in real-time and without hassle that comes with (traditionally) owning the certificate. The brokers save money by pooling all of their clients' shares into one account, also called an omnibus account. These accounts are supposed to be tightly regulated and have codes corresponding to the actual owner of said stock. Enter my re-hypothecated (;P) quote from "The Big Short" to describe this particular pile of dogshit scenario: + +&#x200B; + +# "Registered Owner. Beneficial Owner. Omnibus. It's pretty confusing, right? Does it make you feel bored, or stupid? Well, it's supposed to. Wall Street loves to use confusing terms to make you think that only they can do what they do. Or even better, for you to just leave them the fuck alone." + +&#x200B; + +Omnibus accounts on their own, aren't nefarious. They do allow for securities to be bought, sold, lent, or otherwise shifted around quickly and easily. They also protect investors from the risk of fire, theft, counterfeiting...... 😂😂😂😂😂😂 Who the fuck am I kidding? This is fucking Wall Street. + +&#x200B; + +[wE](https://preview.redd.it/25c1lyi7e6y61.png?width=1047&format=png&auto=webp&s=1a3025135a290bb4df45ed2e2ac301b7abf69e57) + +&#x200B; + +[wOuLdN't](https://preview.redd.it/rkbi8ntde6y61.png?width=1038&format=png&auto=webp&s=260700a42c4d8db026df450605b36adf2b143213) + +&#x200B; + +[dO](https://preview.redd.it/pyjrx2cye6y61.png?width=1058&format=png&auto=webp&s=b20b3d4fde67f351d904ac54c825106e272bcee1) + +&#x200B; + +[tHiNgS](https://preview.redd.it/q592h4z6f6y61.png?width=1054&format=png&auto=webp&s=40c47280b610d2363bbf16f816e1f3e8a687e527) + +&#x200B; + +[LiKe](https://preview.redd.it/9q8xc4mgf6y61.png?width=1038&format=png&auto=webp&s=acc8938c657739af460fa36f2b9554a83d2127b4) + +&#x200B; + +[tHaT](https://preview.redd.it/o4wforpmf6y61.png?width=1197&format=png&auto=webp&s=698f23b4d445e79c737b22b79029839f7a056eb6) + +Sources: + +[National Financial Services Disclosure Report](https://files.brokercheck.finra.org/firm/firm_13041.pdf) + +[Fidelity Brokerage Services Disclosure Report](https://files.brokercheck.finra.org/firm/firm_7784.pdf) + +[SEC Press Release](https://www.sec.gov/news/press/2007/2007-192.htm) + +&#x200B; + +Now that I've established precedent (and I promise now that I'm putting shit together, I'll find more), we know that they have done it in the past. So how does that tie into this situation? + +&#x200B; + +# REMEMBER THIS? PEPPERIDGE FARM REMEMBERS + +https://preview.redd.it/9pxsw9otg6y61.png?width=805&format=png&auto=webp&s=116bd7a3c994cf385a5af7535783b00ea31e235c + +[Source](https://www.sec.gov/divisions/marketreg/mr-noaction/2020/finra-fpl-20201022-15c3-3.pdf) + +&#x200B; + +Oh yeah.... We thought it was just Citadel creating shares? **Fuck naw... EVERYONE** was having a lending party taking advantage of the T+2 cycle and why the fuck not? 90% of retail investors lose their money so if you're "forgetting" to mark some of these as fully paid, or marginable, or ALREADY LENT THE FUCK OUT, no one will really notice and YOU keep the profit. You skim the top, pocket that, and by the time it gets to be a problem, there are more shares available. MOST of the time, it's gonna work smoothly. + +&#x200B; + +# Enter The Retards + +&#x200B; + +Here we are today, knowing that we have WAY more shares than the entire float, and Wall Street kicking the can down the road as much as possible. In that time, we've uncovered naked shorting, re-hypothecation, and so many other ways that Wall Street is fucking over retail. To be fair, I don't think that it's every single person in Wall Street that has had a hand, but it's a few that ended up trying to shift the wrong Jenga block. The rest, as Jared would say.... + +&#x200B; + +&#x200B; + +https://preview.redd.it/ulr1h3xgm6y61.png?width=2358&format=png&auto=webp&s=e6fc6472cc3f5ebb6a066ae2f0e9a526dfe9ed0c + +&#x200B; + +You thought 005 was pulled for a "technical error?" If so, you have more faith in the system than you think you do. 005 was pulled so they can keep borrowing to pay those FTD's off and kick this shit down the road more. I said it in my last DD, the rich always default to what has worked in their favor. Time. That's why buying, holding, and voting is so important, but failing that, there are a few other things we can do. I'll cover that in the next one though because I'm going to try it myself tomorrow with one of my brokers before I write it out. My fucking brain hurts rn though, so I'm done for now. + +&#x200B; + +We're closing in on everything. The longer this bullshit situation drags on, the more we find out and educate others. + +&#x200B; + +# Tick Fucking Tock +I have recently turned 18 and have been gifted the opportunity to inherit a trust fund. The fund has over 6 figures in it, and I am lost with what to do with this money. + +I want to travel the world, because that is what I have always wanted to do since I was a little boy. I have seen travel hacking blogs and other tips and tricks on how to travel the world and how much it would realistically cost, and I do plan to work while I’m traveling. + +But I also want to be able to retire by 30. I don’t want to live a corporate desk job the rest of my life till I’m 65 and too old to do anything that I want to do. + +Where should I start in becoming financially free and being able to love and enjoy my life with the blessed circumstances that I have been given? I’m just looking for anyone who may have some better words of advice or any tips and tricks to help me enter the reality that is adulthood. +This might be a bit morbid, but I'm in the third trimester of a high risk pregnancy and I suddenly realised I don't have a will, and my husband doesn't really know the details of our accounts. + +My husband is pretty averse to dealing with bills or money, while I would live inside a spreadsheet if I could, so I handle all of our finances. We get paid into a joint account - that's fine - but everything else is in my name. + +How do I make sure he can find the details of these accounts if something happens to me? I'm looking up how to draw up a will now, but I'm thinking more in terms of account numbers /logins etc. A complicatjng factor is we've lived in three countries together and have pensions all over the world, and each pension has different 2FA security in different languages. + +I use a password manager, so I could just share using my password manager of choice, but I'm worried that he'll lose or forget the details. + +How do other people handle this? +[FT article $](https://www.ft.com/content/84de88bc-c5ee-11e7-a1d2-6786f39ef675 +) + +> Uber failed to overturn a tribunal ruling that **it should treat its drivers as “workers”**. If forced to treat its 40,000 UK drivers as “workers”, **it'll have guarantee minimum wage and holiday pay**. Uber says this would probably mean it scheduled shifts rather than allowing them to “log on” when they wanted to. Uber may then **have to pay employers’ national insurance contributions (UK Social Security) and VAT (sales tax)** + +> Uber is **able to appeal again** to the Court of Appeal and possibly to the Supreme Court. + +> Tom Elvidge, Uber UK’s acting general manager, said: “**Almost all taxi and private hire drivers have been self-employed for decades**, long before our app existed. The main reason why drivers use Uber is because they value the freedom to choose if, when and where they drive and so we intend to appeal.” + +> Original tribunal found in October 2016 that the **company exerted too much control over their work to class them as truly independent.** + +> James Farrar, **one of the two Uber drivers who brought the case**, said: “Uber cannot go on flouting UK law with impunity and depriving people of their minimum wage rights.” + +> Deliveroo, a food delivery gig platform, is also facing a legal challenge from a group of couriers who say they are not truly self-employed. Ditto for Pimlico Plumbers, taxi firm Addison Lee and courier company CitySprint + + +The implications are enormous here as it means: + +- no more ability to charge a surge or at least high a multiple since shifts scheduling means they can control some basic level of service +- no more ability to incent people with 'unlimited earnings potential' +- that slavish customer service to maintain 4 stars goes out the window when you can't just fire people +- realistically, if it comes to pass I expect not many drivers to pass the 'probationary' period when many/most benefits can be held back + + +FWIW, I think Uber's atrocious hubris is giving a bad face to what can potentially be a great industry. If they just weren't such dicks to everyone all the time (see: Lyft) something could be worked out +The Q&A with Vlad just ended. First things first: I was not able to ask a question. The professor ended up choosing the most softball questions imaginable, and even my dumbed-down questions were apparently too harsh for Vlad’s delicate constitution. + +With that said, I figured I’d give a play-by-play of the class since I’ve kept you waiting this long. + +Class started out with a case study, which was a fictional version of Robinhood. This was more or less straight-up propaganda, as it presented a version of things where Robinhood was simply unable to execute the buy orders and Citadel was out of the picture entirely. + + +Then Vlad gave a little talk. This mostly reflected the case study. Vlad insisted that anything but disabling the buy button would have caused Robinhood to cease to exist. + +Then the Q and A came around. As I’ve said, almost every question was an absolute softball, having nothing to do with the GME scandal. Only a few questions are worth summarizing: + +First, someone asked about how RH intends to regain customer trust. Vlad claimed that most people were “confused” about what they were doing, so they tried to communicate the “facts” of the situation. He then described a “proportion of people who aren’t interested in engaging with facts” (i.e., apes). His approach for them (us) is to is “deliver positive values” (new products and experiences). Essentially, he’s going to try and make you forget. Don’t let him! + + +Second, someone asked whether RH should try and stop people from making bad decisions. His answer was mostly bland, except for a brief discussion of whether people would have actually made money off MOASS. His claim was essentially that “we don’t know what would’ve happened”, so they did nothing wrong. + +I was really disappointed with the questions asked, and that I didn’t have the chance to ask one. After the talk ended, many of my classmates lined up to ask him questions. Sadly, he shuffled off quickly, surrounded by his crew of lawyers and advisors. + +I hope this wasn’t too much of a tease… stay strong and hold!! +“So if you were to give a ballpark number for what you think Bitcoin and Ethereum will be worth by the end of the year, what would it be? + +OHANIAN: At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000. Great, now people can call me out if I’m wrong.” + +http://fortune.com/2018/05/02/reddit-alexis-ohanian-bitcoin +As usual, I'll start with a disclaimer of why I think this should be a top-level post. First, I believe it's a deep enough topic that multi-day discussion is worthwhile. Second, I believe that intersectional posts are relevant to /r/financialindependence, with a hypothetical top-level post about "how to get started in real estate investing as a path to FIRE" being an easy example. Last, I believe that FIRE is about more than the raw logistics of saving, investing, and withdrawing funds. This is covered in the first bullet point in the sidebar about what FIRE is about. + +The structure of this post is + +1. The central question +2. My discussion goals +3. My own answer to the central question + +*** + +**To what extent is charitable giving, in its many forms, a part of your financial planning and life goals?** + +*** + +Charitable giving can take many forms, but in general I'm discussing the wide range of financial behaviors that seek to improve someone else's wellbeing. This can be highly local, like planning to support your parents in their old age, or it can be totally distributed and anonymous, such as giving to highly rated charities through GiveWell. + +I'm interested in starting a discussion about this for two reasons. First, there's a wide spectrum of opinions about financial independence from pure self-sufficient "libertarianism" ("everyone should seek to support themselves, and I don't owe anything to anyone even my parents") to broad collectivism ("not only do I plan to support my immediate family and some relatives, I also seek to give aggressively to charity"). I'm interested in hearing a little about where the sub lies on this spectrum. Second, there's evidence that charitable giving is highly sensitive to social awareness. Which is to say: if you're a proponent of charitable giving and specifically of effective altruism, some of the best things you can do to increase the amount of charitable giving overall are to signal your giving in order to normalize the behavior and increase its adoption. So the second goal of the discussion is to create a public forum for giving so that persons who are perhaps persuadable or are on the fence can potentially learn more about the change if it's something they want to incorporate in their own financial planning and life goals. + +*** + +Our household has recently committed to giving around 5% of our pre-tax income to causes that save or improve other people's lives. This percentage amount will likely increase in the future as our income increases. This change has been recent and rather sudden. I always knew it was a good thing to do, but absent the concrete need (acquaintance or office GoFundMe, family member in need) I didn't think I could commit to ongoing financial giving to charities in general. Part of this was that knowing what I do about savings rates and spending rates, any ongoing financial commitment means a measurable change in how long it takes to reach FI and the size of the account needed. + +The first thing that changed my mind was hearing my spouse's openness to some small level of charitable giving. This took it out of the realm of an abstract thing that, if I wanted to do, I'd have to factor it into the budget, discuss it with my spouse, etc. to something that was much easier to get the ball rolling on. + +The second thing was [this excellent interview with Peter Singer](https://www.vox.com/future-perfect/2019/12/6/20992100/peter-singer-effective-altruism-lives-you-can-save-animal-liberation), who has been instrumental to the creation of the effective altruism movement. Specifically, the thought experiment posited at the beginning made it starkly clear that A) my personal charitable giving would do unambiguous good in the world and B) I was absolutely in a position to afford it given I was targeting an approach to my finances that meant I could be independent at a relatively young age. + +The short version of the thought experiment is imagining you've come across a young child flailing around in a shallow pond that you know well. The pond is shallow enough for you to wade in easily with no risk to you, but is too deep for the child. There is no one else around to help and the child will drown without your intervention. However, you are wearing new shoes and a nice suit, and you will be out several hundred dollars if you save the child. Is it an immoral act to walk away from the child, trading your few hundred dollars of inconvenience for their life? + +The natural consequence, and its real world application, is that there *are* people in the world who are dying from preventable causes, that by donating hundreds or thousands of dollars those lives can be saved, and choices to *not* donate and to instead consume at a higher level than is necessary have the same net effect as walking by the child drowning in the pond. The rest of the interview goes into the nuances and limitations of this thought experiment. + +**Almost by definition, anyone pursuing FIRE either is or will eventually be in a position to donate and save lives.** + +*** + +So to reiterate, what are your thoughts on charitable giving as it fits into your FIRE plans, and how did you come to that perspective? + +*** + +*** + +**EDIT:** My deepest thanks and gratitude to everyone who has taken the time to read and engage with each other on the many thorny facets of this discussion. Besides the uncountable wonderful stories of others' giving, including their amounts, where they give, and most importantly why they give, there are also some very interesting discussions of topics around giving that I wanted to highlight in case someone's seeing this thread for the first time today and feels overwhelmed by the amount of discussion so far. + +* There are questions of donating now vs later, both with respect to feeling torn about sacrificing time or own financial independence ("put your own oxygen mask on first") as well as through the lens of being able to give more later by virtue of using compound market growth. [1] (https://www.reddit.com/r/financialindependence/comments/emdqbe/effective_altruism_and_fire/fdo17fh/) + +* There are discussions about how much to give, with arguments that fairly small amounts can have meaningful impact for a small non-profit, especially if it's given in an unrestricted way. [2](https://www.reddit.com/r/financialindependence/comments/emdqbe/effective_altruism_and_fire/fdo649d/) + +* There are discussions about donating your time as well as your money. This also has a FIRE-specific perspective of achieving FIRE quickly so that you're free to give as much of your time as you'd like. /u/Golden_Spruce has a lot of experience in the non-profit sector, and provides a wider perspective on some of the hidden costs non-profits face when using volunteers. [3](https://www.reddit.com/r/financialindependence/comments/emdqbe/effective_altruism_and_fire/fdog1f3/) + +* /u/neonnighthawk provided some sources of anti-Effective Altruism arguments to allow people to get a fuller picture of the movement so they can make a more informed choice about whether and how to give. [4](https://www.reddit.com/r/financialindependence/comments/emdqbe/effective_altruism_and_fire/fdpt1h0/) + +* There are also some really interesting smaller discussions about whether taxes are a form of charity. [5](https://www.reddit.com/r/financialindependence/comments/emdqbe/effective_altruism_and_fire/fdo2wlo/) + +* Of course there are also nice discussions of the financial logistics of giving with respect to tax benefits, including the use of a Donor Advised Fund in the US to bunch contributions between years in order to make the most use of the deduction. [6](https://www.reddit.com/r/financialindependence/comments/emdqbe/effective_altruism_and_fire/fdo7naq/) + +This is only scratching the surface of the richness of debate I've seen in the thread. I apologize if I missed an interesting perspective or discussion. Again, thank you all for your attention, thoughtful comments, and civility to each other when debating these often-contentious topics. +Hello everyone! I am currently in the process of making a spreadsheet for all the materials I plan to add whenever I am remodeling a rental property, because I know when people do this successfully they oftentimes use the same materials, paint color etc. that they know are high quality and worth the investment. I'm having trouble sifting through the differences that a homeowner would add and something that adds value for investors. I know that meetkevin has a course on this but I'm not willing to dish out $1,000+ for something I can do research for on for free. Does anyone have any resources they would recommend that go into the specifics on this topic? +Love math, love stocks. I'm 26, trying to go back to college. + +I know that Hedge Funds that rely on math and statistics are the future but I don't know anything about the Quantitative Hedge Fund industry and how competitive it is. The older you get, the less delusional about your goals and ambitions you become. You start wanting to just have a normal job that will pay you decently to support a family. I was wondering if this is a risky career choice for people who would want a family in the future. Also, how much do those guys get paid on average? + The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores. The company sells its products under the Coca-Cola, Diet Coke/Coca-Cola Light, Coca-Cola Zero Sugar, Fanta, Fresca, Schweppes, Sprite, Thums Up, Aquarius, Ciel, Dasani, Glaceau smart water, Glaceau vitamin water, Ice Dew, I LOHAS, Powerade, Topo Chico, Ades, Del Valle, fairlife, innocent, Minute Maid, Minute Maid Pulpy, Simply, Ayataka, Costa, dogadan, FUZE TEA, Georgia, Gold Peak, HONEST TEA, and Kochakaden brands. It operates through a network of independent bottling partners, distributors, wholesalers, and retailers, as well as through bottling and distribution operators. The company was founded in 1886 and is headquartered in Atlanta, Georgia. + + + Recently, the Coca-Cola Company (KO) has seen its share price fall by more than 16% over the past 12 months (-13.4% of total return when dividends are included), a period during which total return of the S&P 500 is 24%. The stock price recovered from its COVID-19 low in early 2020, but remains well below its previous high. Coca-Cola's executive leadership plans to build a stronger business model around its brands to incorporate more growth in future margins. Additionally, executives are also targeting a figure of $ 8.5 billion of free cash flow for the 2021 guidance. + +Google Sheet Report: [https://docs.google.com/spreadsheets/d/1hZS-czdPVoBHxZXjoJGidD-4U7GfrwFoaLgYDw\_9oJE/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1hZS-czdPVoBHxZXjoJGidD-4U7GfrwFoaLgYDw_9oJE/edit?usp=sharing) +EDIT: Now down over 1000, the second worst drop ever +No I'm not some doomesdayer and I realize interest rates are only partly why the drop happened. Most likely another correction relax +I am appalled ([with two p's](http://shlep.blogspot.com/2010/05/one-of-my-favorite-bloom-county-comics.html)) that my financial accounts seem less secured by 2fa than my gaming accounts -- almost all of which use Google authenticator and some use backup "one time printout" codes. With the exception of Fidelity (note below) all of the 2fa is SMS based -- which is notoriously bad. (< $20 and you can [hijack the SMS stream](https://www.theverge.com/2021/3/15/22332315/sms-redirect-flaw-exploit-text-message-hijacking-hacking) of a given number). + +Why is this? I am ready for a far more secure 2fa. Anyone know of any banks and brokerages that are doing this right? I cannot find one. + +The note about Fidelity: You can opt in to using a Verisign code generating 2fa -- which seems a huge improvement -- but last I checked (and it has been a while) password reset bypassed it. +I am in the process of finalizing exactly what i want me portfolio to look like i want it to be simple, diversified, safe and efficient. + +VTI is my main holding at 70%. That will not change. I allocated 10% to stocks (my play/ fun/ risk), 5% to SCHD for dividends/ mostly value stocks, 5% to SMH (semi conductors), and 5% to VIS (Vanguard industrials) due to VTIs lack if industrials plus i believe infrastructure will be a big thing year over year. So that leaves me with 5% to go. + +I am debating on whether that is better allocated to tech heavy QQQM and QQQJ or VOO. + +QQQM +This is the alternative to QQQ but has a lower daily volume and expenses ratio. They are identical, however, QQQ does hold one more stock than QQQM according to a few tools I've seen and this does result in a higher performance for QQQ (less than 1%) + +Tracks nadaq top 100 stocks +Tech weight- 63% +ER- 0.15% +YTD- (-)0.47% +1 year- 71% +5 year- 24% +10 year- 20% + +QQQJ + +Tracks nasdaq 100-200 stocks. +ER- 0.15% +YTD- 1.67% +1 year- 18% +Unfortunately this ETF is new and doesnt have any more performance data. + +Average YTD return- 0.59% +Average 1 year return- 45% + +VOO + +Tracks the top 500 of the S&P. + +Tech weight= 34%. +ER- 0.03% +YTD- 4% +1 year- 62% +5 year- 16% +10 year- 14% + + +Performances wise Voo best QQQM/J over the last year however QQQ has best VOO year over year. + +7 of the top 10 holds of VOO (~23%)/ QQQ (~44%) are the same however hold they hold a much heavier weight in QQQ. + +79 of QQQMs 103 holdings and 42 of QQQJs holdings are in VOO for a total of 121 holdings for abouts a 60% find overlap. + + + +This is where im not really sure which is best for me. + +On one had QQQM/QQQJ have consistently out performed VTI while VOO has fallen just short or been withing <1%. + +QQQM/J is much heavier into tech than VOO. which i believe to be a downside in the long 15-20 year hold (6 months ago I wouldn't have thought that but this correction we are in has humbled me). VOO does provide a much better diversification than QQQM/J while still being overweight in tech. + +The lower ER of VOO is a nice bonus. + +VOO does also have about 0.5% higher dividend pay out than QQQM/J put together. + +VOO is 98% large cap stocks while QQQM is 100% large cap but QQQJ is primarily Mid/ small (no actual weight available when i researched). + +Note- due to VOOs S&p weighting it has survived this dip we are in much better than QQQM/J, however, has the S&P rises to new highs will we see a pull back thatll wash that fact out...? + +In the end which is better is the question. + +Someone who believes in tech and or believes in up and coming tech could be easily persuaded to QQQM/QQQJ. + +While someone looking for diversification and less risk while still toting a nice return would be interested in the 500 holding VOO. + +Which will out perform the other over the next 20 years? Well that is a good question. + +Right now after this DD.... I am leaning towards QQQM/J. but i also am very tempted by VOO due to its wider holdings, lower ER and performance. +(TL;DR: I worked for an online travel agency that scams people - please avoid their sites, I name them below) + +Hey guys, fellow redditor here with a throwaway account because I don´t want this post traced back to me! :) + +I worked for an online travel agency that has a number of sites: Travelgenio, Travel2Be, Tripmonster, and Schiphol Tickets. All these are the same company. I was on the call center for a while, and we were bluntly told to omit mentioning refunds unless the passenger specifically asked for it, and more things that are a scam, illegal, or just wrongdoing. + +I hope this post can, in a way, give back to this sub that has helped me in a lot of ways.. at least avoiding you or the people you love to lose money or go through an awful time. + +Travelgenio, Travel2Be, Tripmonster, and Schiphol Tickets offer airplane tickets at a cheap price, while also offering "services" like faster customer service, cancellation insurance, flex-ticket service, things like that. As a lot of online travel agencies, they tend to have some sort of "fine print" on what they offer. Their sites are not an exception, I would say they basically run on fine print because it´s just disastrous. + +I will list things that are just plain wrong. Surely there are more, I just won´t waste time thinking forever of all of them because I just need for people to stop getting scammed. I am not a lawyer so I don´t know if the term "scam", "illegal" or whatever legal term I use is correct, all I know is that they get money from people when they shouldn´t, or they take advantage of the situation and demand money that the person in that situation cannot say no. Here it goes: + +* If a passenger wants to cancel their flight, and the ticket is non refundable (by the airline, that is), the person has the right to be refunded the taxes on their ticket. This company I worked for, clearly told us that we could NEVER offer to refund the taxes. Only if the passenger requested to be refunded the taxes, then we should refund the taxes MINUS 50 euros for "administration fees". I will break this down: Ticket = Fare + Taxes. When the airline says "cancellations are non refundable", they are saying "the fare is non refundable". The taxes are legally from the passenger, so the passenger has the right to demand to be refunded their taxes. So the fact that we were told by this company to omit this information to the passengers and keep the money that is legally theirs, we are obliged to steal, and we are called by supervisors when we don´t follow this "rule". Not only that, but if the passenger demands their taxes back, the company takes 50 euros from that refund for making the transaction (note that if the taxes you were going to be refunded were 48 euros, sorry, our administration fees are 50 euros so there would be really nothing left so your ticket is non refundable at all). +* Getting back to the 50 euros thing... Their "administration fee" for whatever transaction (change in flight, cancellation) is 50 euros, and for adding services (aka bags, adding a pet, reserving a seat) is 20 euros. This is only what the company charges per passenger to make any of these changes/additions, this means that if the airline charges you 150 euros for adding a bag, you have to pay them what the airline charges PLUS the fess from the company. Per passenger and per transaction. Travel agencies can charge what they want I suppose, even if I think they are absolutely greedy/crazy for charging what they charge, but the thing is that these things can be done directly with the airlines most of the times and it sucks that people have to lose so much money when they went to these sites looking to save money on the first place. +* People get their flights cancelled or their tickets are never created because of pure wrongdoing. The company has a disastrous training. This means when the call center agents start taking calls and making changes in flights and everything, they have never even done that once, they learn as they go. This means that a lot of times flights get cancelled by mistake, and this is not something that can be undone. Sorry passenger, you will get refunded in a million years (more on this on the next point). Or the passenger payed for everything but the ticket is never issued, because an agent never sent it to the right department (again, because they did it wrong or just forgot that part or whatever, agents should have proper training in order not to play with people´s money and life like this, travelling is not just leisure - people need to work or get a surgery or see their family). The number of times people have called me from the airport saying "the airline says I don´t have a ticket, but I payed for everything" is just so effing high. There are more examples like this, people that have paid but their bags were never added so they have to pay more at the airport directly, the change in flight is not what the agent told you via phone, I don´t know, it just goes on forever. +* Refunds take an average of 3 (!!!) months to be completed, but for a while now they have been waaaay behind schedule, this means the refund can take a lot more. 7 months? 10 months? Yep, totally "normal". The company tells their agents that they have to say thet they depend on the airline to refund them the money so they can refund the passenger. The thing is, if a person books directly with an airline and the passenger cancels the ticket, the refund is completed well within 15 days. This is for the vast majority of airlines, I have never heard of them taking longer. So why a travel agency takes this absurd amount of time to refund the passenger is not only shady, but not a good practice. People I have spoken to on the phone have been waiting almost a year for a 4-digit refund, that is not a small amount of money. Even if it was way smaller, I remember a lady telling me "I need those 200 refunded as soon as possible, I have to eat!". + +As I said before, there are more things, those are the biggest ones I can think of right now. They play with people´s money, and with their employee´s too. You can probably imagine that there is a pretty bad work environment, and there is. + +My goal with this post is to spread the word, to prevent you or anyone you know to avoid Travelgenio, Travel2Be, Tripmonster, and Schiphol Tickets. Don´t get tempted by their prices, because you can possibly have a very bad experience, were you can lose a lot more money than if you just purchased a ticket directly with the airline. + +Thanks for reading, I hope this helps you in some way :) +Since the NSCC-2021-002 rule became effective (montly to daily or anytime check account + 1 hour margin call), they can't allow the price to rise to XXX (can be 250, can be 350, no one knows). The day they're buying is everyday trying not to let the price rise to margin call territory. Before, as they only had a monthly account check, they could let the price reach the 300's for a few days, but not anymore. + +They are using everything they have left to avoid the price rising. We're in the endgame (again), they can't keep the price below 200 forever. Hodl, that's all. + +&#x200B; + +Edit: typos. +**tl;dr** \- Checking accounts are over-used. You should keep most of your money in a high-yield savings account and use credit cards for all of your purchases. The credit cards should AutoPay from your savings account. Checking accounts should only store money you might need for immediate transfers, such as ATM withdraws or Paypal/Venmo. + +# A Guide to Efficient Banking + +**"Efficiency is intelligent laziness"** + +I'm a very lazy person. However - I've found a system for my finances that works well for me. It's easy to manage, and I believe it to be a significant improvement over "typical" banking. + +When I say **typical banking**, this is what I mean: + +* Checking Accounts: Used for money you plan on spending (bills, food, gas, etc.) +* Savings Account: Used for money you don't plan on spending anytime soon (emergencies, retirement) +* Credit Card Account: Used for purchases you can't afford but have to make - avoid if possible (hospital bills, car repairs) + +If you agree with ANY of those 3 statements, you may benefit from this post. If you'd like to skip the storytelling, scroll down to the "Efficient Setup" section. + +**"Are we doing this because it's right, or because it's the way it's always been done?"** + +This is one of my favorite questions to ask during meetings at work, and I recently found myself asking the same question about my bank accounts. In order to accurately answer this question, I decided to analyze the different types of accounts and track my thoughts. + +**Breakdown: Checking Account** + +There is no limit on monthly transactions. Money used in purchases immediately leaves your account. ATMs allow you to withdraw cash. Account balance typically accrues little to no interest. + +* A checking account is like a 'digital wallet'. It's almost identical to carrying around cash. I can't spend cash I don't have - cash leaves my wallet as soon as I spend it - I don't earn cash by leaving it in my wallet. + +**Breakdown: Savings Account** + +There is a limit of 6 monthly transactions. Money used in purchases immediately leaves your account. Account balance can accrue higher amounts of interest. + +* Woah - the interest rates on these accounts are nice. If I had a debit card for a savings account, and if it weren't for the monthly transaction limit, I wouldn't even need a checking account. + +**Breakdown: Credit Card Account** + +There is no limit on monthly transactions, but there is a limit on monthly spending. Money used in purchases stays in your account until the credit card payment is made. Rather than gaining interest, you risk being charged interest if you don't pay the full statement balance. If you can't make the minimum payment, there are other fees as well. To motivate usage, many credit cards have a "rewards" program for points or cash back. Some credit cards also have signing bonuses - such as a period of low interest or an 'initial spending' reward. Like most "bills", allows for Automatic Payments. Proper usage builds credit history, which may help in future financial situations. + +* Being charged fees for missed payments is scary, but if I set up automatic payments than I should be fine. I don't want to be charged interest either, so I definitely don't want to make any purchases I can't afford paying off immediately. The signing bonuses and rewards are enticing though, and I want to improve my credit score. + +**Breakdown: Conclusion** + +After breaking everything down - I started trying to piece it back together. The "typical banking" routine didn't hold up. Rather than only keeping a subset of funds in a savings account and avoiding credit cards, it would be much better to only keep a subset of funds in a checking account and utilize credit cards for all purchases. This would maximize cash back rewards and maximize interest earned on money. Not only that - since a credit card transaction doesn't immediately remove the money from your account, the money will accrue interest in the savings account for longer. + +# The "Efficient" Setup + +* Checking Account: Used for money you may need to use immediately. For example, ATM withdraws and Paypal/Venmo Transfers. I almost never have these types of transactions, so I keep about $150 in my checking account. +* Savings Account: Used for all money that isn't in the checking account. Use for Automatic Payments to your credit cards, adding more funds to your checking account, and transactions that can't go on the credit card (maybe rent, car payment, credit cards) + * You can open multiple Savings accounts if it helps you track specific savings goals, or if you need more than 6 monthly transactions you can't make on a credit card. + * If you aren't lazy, you might want to take a portion of this money and do other fancy finance things instead of letting it stay in a high-yield savings account +* Credit Card Accounts: Used for as many transactions as possible to maximize cash back/rewards. You only need 1 card for this setup to work, but you might benefit from having multiple cards. + +**Specific Setup** + +Checking Account: I use Charles Schwab for my checking account. It's an online bank with no monthly fees, unlimited ATM rebates, and 0.40% APY interest. I never really deal with cash, so I am fine with an online bank. This bank plays well into my expected usage of the account. + +* Read More: [https://www.schwab.com/public/schwab/banking\_lending/checking\_account](https://www.schwab.com/public/schwab/banking_lending/checking_account) +* Note: If you can get a referral code, Schwab will give you $100 after 1 month of having your account open. + +Savings Account: I use Ally for my savings account. It's also an online bank with no monthly fees. It currently offers 2.18% interest, compounded daily, which is estimated to be a 2.20% Annual Percentage Yield. + +* Link: [https://www.ally.com/bank/online-savings-account/](https://www.ally.com/bank/online-savings-account/) + +Credit Cards: I use 3 different credit cards. You should find the right credit card(s) for you, but here is what worked for me: + +* Citi Double Cash + * This card gets 2% cash back on all purchases. I use this card for monthly bills (power, internet, phone) and any purchase I don't use another card for. If you only wanted to use 1 credit card - this would be my recommendation. + * Read More: [https://www.citi.com/credit-cards/credit-card-details/citi.action?ID=citi-double-cash-credit-card](https://www.citi.com/credit-cards/credit-card-details/citi.action?ID=citi-double-cash-credit-card) +* Barclays Uber + * I use this for 4% on dining and 3% on hotels/airfare. It also has a signing bonus - spend $500 in the first 90 days for $100 cash back. If you're planning on applying for multiple cards - apply for this one first. Barclays is picky. I have a good credit score, but I was still denied. I called their reconsideration line and was approved after a 2 minute phone call. + * Read More: [https://cards.barclaycardus.com/banking/cards/uber-visa-card/](https://cards.barclaycardus.com/banking/cards/uber-visa-card/) +* CapitalOne SavorOne + * I use this for 3% on entertainment and 2% on grocery. It also has 2 signing bonuses. First, spend $500 in the first 90 days for $150 cash back. Second, 0% APY for the first 15 months. I'm "budgeting" the full statement balance on this card, but only making minimum payments during the 0% APY period. If I had outstanding credit debt, I would have done a balance transfer to this card (3% fee) and then paid off as much as possible when the 0% APY period ended. + * Link: [https://www.capitalone.com/credit-cards/savorone-dining-rewards/](https://www.capitalone.com/credit-cards/savorone-dining-rewards/) + +I've been operating like this for a couple of months now. I had to do some work up front, to open the accounts and change my direct deposit account info, but that wasn't too bad. I also had to change my payment info for my monthly bills. My rent charges a $25 fee if I use a credit card, so it pays straight from my savings account. After that, all I had to do is use the right card for the right purchase. The automatic payments take care of the rest. I'm only using 4 of my 6 monthly transactions for my savings account. + +**Results** + +This setup won't make you rich, but I guarantee it will be better than "typical" banking. It will save you 2% to 4% on almost all of your purchases and will earn you \~2.2% APY on more of your money. Since it's a percentage-based difference, the benefit is different for each person and is also different month-to-month. The best part is how simple it is. Once you get it set up, it's mostly automated. Just use the right card for the right purchase, and don't spend money you don't have. +At some point between now and expiry, I expect some sort of pop similar to GME, hoping it at least hits 20. Allows me to take advantage of some good IV/premium while waiting instead of buying a call watching it decay. GLTA. + +&#x200B; + +UPDATE: + +I have bought out of this position. After contemplating things, I realized that the reason I got into selling premium isn't just for premium but to take advantage of it during volatility. As I watched the price of BBBY bounce around, I realize that I should be doing what I enjoy most and got into this for in the first place, to play the swings, sell CSPs at the low, CCs at the high, so I closed out this position with a gain of about 3%. If I felt that BBBY was going to increase in a more linear fashion I would have held; I'm still bullish, but now I'll just do my normal method of playing the swings upward, hopefully. Sorry to get everybody's hopes up watching this play out. + +https://preview.redd.it/xg331pdqnwg91.png?width=956&format=png&auto=webp&s=a7fe5890750e3f1cf66c793494915eb9bdfe6463 +As title says, could any body share their experience about using Scheduled purchase plan (SPP) Vs Systematic investing plan (SIP) on MF utility platform? + +On the MF utility platform itself, when I open the SIP setup window, is suggests me to rather use SPP for more flexibility. Could any body share their experience of using both these service? +I came across a property where some so-called note buying "Gurus" called Aerial Funding that sell online courses about note trading got themselves into a pickle and thought it is a good lesson for others out there + +They look to be some husband and wife that are trying to cash in on the RE investing educational craze that don't have.a full grasp of what they are doing. Long story short, they purchased a 2nd note on a property that had modified the original mortgage after the last recession absorbing the 2nd note they purchased, which significantly increased the 1st mortgage balance, so was supposed to have been canceled however neither the cancelation of the 2nd note, nor the modification of the 1st were ever recorded. + +They tried to strong arm the owner into signing a new 2nd mortgage rather than waiting to get it straightened out and when they refused, the "Gurus" foreclosed on the 2nd note only to find out the 1st mortgage they now have to pay off is $20,000 more than the property just appraised for and there is over $100k in repairs needed to get the home up to market value. Basically these genius "gurus" just bought themselves a very expensive problem in which there is no way they will not lose a lot of money. I guess this is karma for trying to do this kind of BS during a pandemic. +To summarize the situation at Citadel (and other SHF) + +1. $65B owed but not bought. Growing every single quarter at rapid rate is not a good thing for Citadel. +2. Short GME a F-ton. It is known. Largest and busiest short frenzy there is and ever will be. Member 140% reported? Member SEC confirmed those positions had no evidence of closing? +3. $500M Melvin loan taken back out of necessity +4. Melvin bag never closed…just absorbed their position because they had no choice +5. Credit rating is tanking each quarter. Almost near junk bond status +6. Begging for more money externally for the first time. $600M to be exact from Paradigm and Sequoia who both subsequently got burned by FTX +7. Clients withdrawing funds. 16 clients remain. Withdraw caps implemented with penalties to prevent those 16 clients from pulling out more $ +8. Swap reporting delayed TWICE to hide positions until 2025 +8. FTX & crypto collateral imploding by the day +9. Credit Suisse about to implode +10. Evergrande / China is ticking time bomb +11. Banking/HF’s continue to get crushed on earnings +12. Interest rates continue to rise - fed not slowing down +13. Gary proposing new market architecture on PFOF +14. Ken moving Citadel to Florida to mask downsizing of office +15. Ken firesaling his personal assets and seeking Florida real estate protection +16. Lawsuits on spoofing now appearing +17. Ken lied under oath to congress +18. Ken looks like complete shit. Has anyone asked him if he’s doing ok? +19. Hit articles won’t stop giving me an enormous erection +20. Shills and bots ferociously covering up anything that’s looks damning +21. DRS train not stopping!! + +22. SHF/Citadel had to go through the trouble of faking a DRS sell off to “scare” apes this quarter 😂 Only option remaining is kitchen sink…..or even worse crime! If I was looking for confirmation that this the right direction THIS WOULD BE IT + +23. Massive web of citadel Shell companies being formed with nothing more than a PO Box as an address. I.e. Glacier capital + +24. Mayo force one flying to remote stops in Africa with multi $billion dollar Bitcoin wallet transfers occurring within minutes of takeoff/landing + +25. SEC can’t afford coffee but can spend $700k on anti meme video. + +26. Kenny’s fake interview glitch …audio had clapping at wrong time. Big oops. Showed the desperation. + +27. Ken vomiting off screen - pathetic and some weak a$$ shiz + +28. $80 Trillion in off balance sheet FX swaps debt. + +29. Splividend not handled in consist matter by DTCC as other stocks. Why? Still haven’t gotten an answer. Likely because the system can’t handle an implosion + +30. A record keeping warehouse coincidentally went up in flames last year + +31. Citadels hissy fit on twitter when the details of the Robinhood lying under oath came out. + +32. Citadel removing comments from social media, google reviews, and Glassdoor job reviews. Scrubbing the internet of bad press and attempting to steer google search algos to fluff pieces. + +33. Citadel London office shutdown + + + + + + +Edits made - added a few more! + +And yes it’s DisneyWORLD! +I've just moved flats and Octopus automatically put me on their flexi tariff (Occupier Flexible Octopus). I got given no choice and they put me on 30p per Kwh + 30p standing charge per day. Their estimated energy usage for the property is around 30,000kwh / year. If my maths is right that comes to 30,000kwh \* 30p = 900,000p = £9,000 per year (and that's excluding the standing charge). + +It doesn't seem right at all - I live alone, this is a one bed and this bill is electric only (excluding heating which I have to pay separately). We paid around £60/month on our previous two bed flat in the same building (it's cat b for energy efficiency) literally last month, on a contract we entered into last Nov. + +Does anyone have any idea what on earth is going on here? I will literally be unable to pay my bills if this is right (after the next rise my electricty bill will be almost equal to my rent if this is correct). +So, a few weeks ago, I did [this](https://www.reddit.com/r/povertyfinance/comments/thlvd4/relief_finally_maybe_now_i_can_get_some_rest/) post saying that I had to move due to just sheer affordability, in with my nephew. + +I gave my notice to my landlord yesterday. She countered. She doesn't want me to leave, and dropped my rent by $200 freaking dollars! I knew she wouldn't want me to leave (I'm a damned good tenant), but I wasn't expecting that. + +I'm staying. I don't have to lose my home, and I'm just blown away and so SO grateful for the kindness of a stranger. + +...and now can unpack my x-stitch and crocheting because dammit, I miss it! It's my evening distraction. + +My stress level and just 'omg, I'm going to lose my home and move in with a dude' stress has gone way down. I'm so relieved! There truly are good people out there, but didn't expect it in this way. +Long story short, I'm about to inherit a lump sum of 300k Euros, and I have some questions about investing it. And yes, I have read the Wiki, a few books and all the blogs posts - but I still would appreciate some new ideas/comments. + +Background: + +* I live with my partner in Berlin, we are both 30 years old +* I am an Engineer, making 90k/year, and have around 50k in savings (I have started to invest recently and already have 20k in the famous A1JX52) +* Every month I'm able to save something in between of 1200 and 1500 euros +* My partner makes around 40k/year with 10k in savings, we are not married so this is not very relevant. +* No debt +* We are about to start a family and recently moved into a nice 100m2 flat in which we are paying 1450 euros. This is relevant because the Real Estate questions will show up eventually. Moving again soon is out of question. + +The first thing I'm sure I want to do is put another 40k in A1JX52 to exhaust the German tax benefits from it (57k is the number I think). The second is to reinforce my emergency fund (maybe end up with 30k in it). Put a minimum of 100k in the accumulating version of A1JX52 seems to be something I'm sure I want to do too. + +I don't plan on buying a house soon, we love to rent, and I don't plan to invest in real estate either. I am a big fan of Lazy and small portfolios. + +According to my age and risk I would be ok with a portfolio of 80/20 or even 90/10, between stocks and bonds. I keep reading and reading about bonds and I don't find a definite answer, should I buy bonds right now? What's the best bond ETF (*Vanguard Global Aggregate Bd ETF USD Hedged Acc* and *iShares Global Aggregate Bd ETF EUR Hedged Acc* seem to be great candidates)? Saving accounts in Europe are pretty bad too, should I just keep the money in cash? + +What about individual stocks? I know this is often NOT recommended, but how bad of an idea would be to invest maybe 25k in individual stocks (Mastercard, Visa, Walmart are some examples I had in mind)? + +Some Portfolios I am considering: + +Portfolio 1 (maybe a bit aggressive and risky given the high exposure to the stock market): + +* Emergency Fund: 30k (maybe too much?!) +* A1JX52 60k +* A2PKXG 200k +* Individual Stocks: 25k +* Remaining 35k somewhere else? Cash? + +Portfolio 2 (~22% in Bonds): + +* Emergency Fund: 30k (maybe too much?!) +* A1JX52 60k +* A2PKXG 180k +* Bonds: 80k (which ETF?!) +* What do you think? + +What do you think? + +But what's your goal? - you may ask. Long term investing is the goal. Achieving FIRE is something I might consider but I would have to save a bigger percentage of my salary, I'm pretty comfortable with the amount I save now. + +Thanks everyone +Long story short, I'm about to inherit a lump sum of 300k Euros, and I have some questions about investing it. And yes, I have read the Wiki, a few books and all the blogs posts - but I still would appreciate some new ideas/comments. + +Background: + +* I live with my partner in Berlin, we are both 30 years old +* I am an Engineer, making 90k/year, and have around 50k in savings (I have started to invest recently and already have 20k in the famous A1JX52) +* Every month I'm able to save something in between of 1200 and 1500 euros +* My partner makes around 40k/year with 10k in savings, we are not married so this is not very relevant. +* No debt +* We are about to start a family and recently moved into a nice 100m2 flat in which we are paying 1450 euros. This is relevant because the Real Estate questions will show up eventually. Moving again soon is out of question. + +The first thing I'm sure I want to do is put another 40k in A1JX52 to exhaust the German tax benefits from it (57k is the number I think). The second is to reinforce my emergency fund (maybe end up with 30k in it). Put a minimum of 100k in the accumulating version of A1JX52 seems to be something I'm sure I want to do too. + +I don't plan on buying a house soon, we love to rent, and I don't plan to invest in real estate either. I am a big fan of Lazy and small portfolios. + +According to my age and risk I would be ok with a portfolio of 80/20 or even 90/10, between stocks and bonds. I keep reading and reading about bonds and I don't find a definite answer, should I buy bonds right now? What's the best bond ETF (*Vanguard Global Aggregate Bd ETF USD Hedged Acc* and *iShares Global Aggregate Bd ETF EUR Hedged Acc* seem to be great candidates)? Saving accounts in Europe are pretty bad too, should I just keep the money in cash? + +What about individual stocks? I know this is often NOT recommended, but how bad of an idea would be to invest maybe 25k in individual stocks (Mastercard, Visa, Walmart are some examples I had in mind)? + +Some Portfolios I am considering: + +Portfolio 1 (maybe a bit aggressive and risky given the high exposure to the stock market): + +* Emergency Fund: 30k (maybe too much?!) +* A1JX52 60k +* A2PKXG 200k +* Individual Stocks: 25k +* Remaining 35k somewhere else? Cash? + +Portfolio 2 (~22% in Bonds): + +* Emergency Fund: 30k (maybe too much?!) +* A1JX52 60k +* A2PKXG 180k +* Bonds: 80k (which ETF?!) +* What do you think? + +What do you think? + +But what's your goal? - you may ask. Long term investing is the goal. Achieving FIRE is something I might consider but I would have to save a bigger percentage of my salary, I'm pretty comfortable with the amount I save now. + +Thanks everyone +Listen... [/u/tophereth's](https://www.reddit.com/r/Superstonk/comments/pgttob/the_post_about_gamestop_being_a_victim_of_jeff/) claim may or may not be true, but we don't have the proof (yet). Even if it turns out to be false, I'd strongly consider not giving Amazon any more of your business. + +- [Dodges $100 billion in taxes over the past decade](https://www.theguardian.com/business/2019/dec/02/new-study-deems-amazon-worst-for-aggressive-tax-avoidance) +- [Uses its merchant data to launch their own competing products under the Amazon Basics brand](https://www.wsj.com/articles/amazon-scooped-up-data-from-its-own-sellers-to-launch-competing-products-11587650015) +- [Meets with startups under the guise of investing in them, but then steals their ideas/products](https://www.wsj.com/articles/amazon-tech-startup-echo-bezos-alexa-investment-fund-11595520249) +- [Uses dark patterns to promote their Amazon Basics products](http://www.netinstructions.com/amazon-dark-patterns/) +- [Place your data privacy at risk](https://www.politico.eu/article/data-at-risk-amazon-security-threat/) and have [already been fined $886 million for violating GDPR in the EU](https://www.nbcnews.com/tech/tech-news/amazon-hit-record-eu-data-privacy-fine-rcna1566) +- [Threatens to immediately suspend services to Signal messenger for violating their acceptable use policy](https://signal.org/blog/looking-back-on-the-front/) -- in fairness, Signal were domain-fronting to circumvent censorship in countries that wouldn't dare block Amazon, but really wanted to block Signal + +Plus the countless other stories you've already probably already heard about counterfeit goods, terrible working conditions and people pissing in bottles. + +I empathize with many of you who have no other choice than to purchase difficult to obtain goods using Prime. They make it so damn easy and people who live in regions outside major metropolitan areas sometimes have no choice. For the rest of us, don't forget that you have a choice. + +Edit: We should make a list of the ecommerce sites that we use to replace Amazon. I'll start -- https://www.gamestop.com/ for games, [celebrity-endorsed home-office/streaming essentials](https://www.gamestop.com/gaming-accessories/gaming-headsets/pc/products/quadcast-red-and-black-microphone/11100805.html?condition=New), [plushy bananya toys](https://www.gamestop.com/toys-games/stuffed-animals-plush/products/snazzy-bananya-16-in-plush-only-at-gamestop/11109955.html?condition=New), [clothing](https://www.gamestop.com/clothing/mens/t-shirts/products/mooncat-t-shirt/11106326.html?condition=New), [kitchen appliances](https://www.gamestop.com/home/kitchen/kitchen-accessories-gadgets/appliances/products/bob-ross-slow-cooker-2-quart/11108227.html?condition=New), [transportation](https://www.gamestop.com/toys-games/scooters-ride-on-toys), and [electronics for your home theater](https://www.gamestop.com/electronics/tvs-monitors?view=new&tileView=list&hybrid=true). +A lot of questions in [this post about a million missing puts](https://www.reddit.com/r/Superstonk/comments/otn94a/can_anyone_explain_the_over_one_million_put/) reference what I call the Voltron Fund and its machinations. Here's my original post (launched it on mod drama day, bad timing for visibility, but now the technical wizards are starting to find the machinations behind the fund): + +[Ultimate Wargame Theory: The Beginning - Total Return Swaps, RRPs, and the Voltron Fund](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/) + +https://preview.redd.it/c68byuqfp5e71.jpg?width=486&format=pjpg&auto=webp&s=01846f87ad99690ff0dc83402176615292b83779 + +Put simply, we now know the game isn't against a single entity (Shitadel), but against a global financial network with ties that go far outside the financial world. It means that we're in this until margin call wipes them all out, and they're going to balance the books for as long as they can until one side breaks. + +There is no "sending risk back to the original firms" really, just a massive, ongoing shell game that moves assets between (potentially) hundreds of companies in order to control margin. + +# Analogy in a Game + +[Responding to this comment](https://www.reddit.com/r/Superstonk/comments/otn94a/can_anyone_explain_the_over_one_million_put/h6x5hdn?utm_source=share&utm_medium=web2x&context=3) + +Think about it like this: you and three friends (Swill, Joe, Nancy, and Rohit) have 25 pennies each. + +Every minute, The Great Marge comes and takes five pennies from the group at random. If anyone drops below 16 pennies, everyone loses. The only exception is if a player reaches 0 pennies, the game can go on. + +Players can freely trade and give pennies amongst themselves. + +**Turn 1**: The Great Marge comes and takes five pennies from Joe. All good. + +Swill 25, Joe 20, Nancy 25, Rohit 25. + +&#x200B; + +**Turn 2:** The Great Marge comes and takes five pennies from Joe again, bad luck! That would put Joe at 15 pennies and the game would be lost. So Rohit gives Joe one of his pennies + +Swill 25, Joe 16, Nancy 25, Rohit 24 + +&#x200B; + +**Turn 3:** The Great Marge takes 3 pennies from Swill and 2 from Nancy. Easy turn, and Joe even adds a couple of pennies from his pocket (illegal, but allowed). + +Swill 22, Joe 18, Nancy 23, Rohit 24 + +&#x200B; + +**Turn 4:** The Great Marge comes and starts to take 5 pennies from Joe again. Joe is out of illegal pennies, and Marge seems fixated on him, so the rest of the group tells Joe to take a hike. Joe distributes all his pennies among the remaining players BEFORE Marge takes them and issues an angry press release about stupid reddit traders. The game continues, with one less player. + +Swill 28, Nancy 29, Rohit 30 + +&#x200B; + +Notice how the remaining players are even stronger than when they started, despite there being less overall pennies and players in the game? Voltron Fund was designed like this just like an end boss should be. It gets stronger as you hit it, not weaker, until finally you break through and defeat it. + +Notice how there have been 4 turns, which should have been a loss of 20 pennies, but in reality only 13 are missing? SHF tricks, delays, loopholes. + +However, the game goes on, and the Great Marge will continue to come and take pennies. The players can't find new pennies fast enough to cover for Marge, but they can whittle down the players one by one to delay the end of the game. They're hoping to find a save point before the last pennies are taken. + +The most powerful save point would be retail selling their shares, which is why they put so much focus on making that happen. As long as Apes hold, though, that door is locked and the game continues. + +What the Voltron Fund research shows is that this is a long, rich battle that isn't going to be won by share recalls or other mechanical closing catalysts. This is, and always has been, a technical short squeeze against the largest portfolio in history. The bad guys (bag guys?) thought they were squeeze proof because of their vast network and resources, but there's always one weakness in any castle wall. + +We are the uruk-hai running the mine at those walls. + +&#x200B; + +https://preview.redd.it/1xkt0wj7p5e71.jpg?width=488&format=pjpg&auto=webp&s=bd6d06edd4ce84f844130c3fca8e826192df5241 + +This is why zen and patience are necessary. There could come a day when all these funds are all exactly one penny above margin call, and that day will be just like any other. They'll borrow and short attack, they'll shill, we'll party. But the NEXT day they will collectively only have a four penny balance, and The Great Marge will come asking for five. We will know that day when it comes. + +Until then, it's just Buy and Hold. + +Hope this helps. + +Love, + +Blanderson +I came to the realization today that it is very possible that I may never sell. As I watched the price tank, and unrealized gains disappear for what feels like the bajillionth time, I began thinking about what a legit price target would be if MOASS doesn’t play out (not saying it won’t, it’s just a thought that crossed my mind… I’m only human) + +With that I came to the following realization: >!WE CANT LOSE!< + +Think of everything that would need to occur for us to throw in the towel: +1. Apes would need to get bored. Now I don’t know about you guys, but I still fire up my N64 sometimes and try to finally beat Goemon’s great adventure (fucking hardest game in the world, but then again I’m smoother than my wife’s naughty bits on date night with her boyfriend) **This and** + +2. Every executive that came over from Chewy, Amazon, and the likes would have to be wrong in their decision and jump ship. With that much talent I’m confident GameStop can pivot and handle whatever the markets throw at it. **This and** + +3. Looping would have to announce a partner that isn’t GameStop. This not only wouldn’t make sense given how many hints they’ve dropped but could also be suicide. (How many of you will hold your LR.C if the mysterious partner isn’t GameStop? Think of NFTcon but with assets involved) **This and** + +4. RC would have to talk the board into making terrible investments and blow through all of our cash on hand. (RC is a genius and I don’t think Larry Cheng would let happen even if RC did decide to have a stroke) **This and** + +5. GameStop would have to do something to make all of us stop purchasing everything that we possible can from the greatest company on this planet. (At this point I would get my haircut at GameStop if they sold haircuts) + +Not really at TLDR but long story Kenny *short* if we don’t already, we will eventually own every morsel of this company and I feel bad for any short that has to negotiate with my petty, autistic ass. Until then, I’m happy to own a piece of this incredible company. + +*Fuck you, and I’ll see you tomorrow* + + +**Edit: Thank you for all the awards and if possible I would replace the word probably with definitely. I just use the word probably a lot in my everyday vocabulary** +Hi everyone! + +Thought I would share this tracker with everyone as it might help someone get a perspective of their portfolio. + +I'm looking to get some feedback on this tracker I've built using Google Sheets. Feel free to 'Make a Copy' to enter your own data to test it. + +It requires a bit of manual input of data for the ETF's you've bought (ticker, # shares, avg. price, MER) and also adding the holdings information provided by fund managers like Vanguard/iShares/BetaShares. Besides that the rest is automated and taken care of. + +Link: + +[ETF Portfolio Tracker](https://docs.google.com/spreadsheets/d/12ux1Y8Y3Tc4gsqcuRLC8JxTfaVq4EvSmWmeU4MjY36Y/edit?usp=sharing) + +Probably for an alternative version I'll take the information from an ETF website to avoid the manual input of holdings. However, usually it's only the top 10-20 holdings so it's less precise. I've found that *this is the way* to get a granular analysis of where your money is going to the last cent. + +There's an instructions sheets but please let me know if you have any questions and your feedback is greatly appreciated to continually improve. Enjoy! + +&#x200B; + +https://preview.redd.it/jh70gm080ai71.jpg?width=1920&format=pjpg&auto=webp&s=045f84ceb1fff45fa898aac7120a4d5329c0a498 + +Cheers, + +PF +EDIT: Grateful for the Bananya award + +Much appreciated 🙏☺ + +Hello yet again, individual investors! + +NSCC isn't giving me much of a break lately.. LOL.. but it's okay, as this filing really answers a lot of questions that I personally had regarding NSCC-803 / 010. + +Let's dive in: + +&#x200B; + +https://preview.redd.it/2v9rhvdbotd71.png?width=1444&format=png&auto=webp&s=2578c69b2b18676bb58852f70a5034c847b56373 + +PURPOSE: + +https://preview.redd.it/q42695xcotd71.png?width=1444&format=png&auto=webp&s=dae457cd1bc94f7fae9bb3c0e92c1bf067c8709e + +Basically, the NSCC is revising its' margining methodology to ***REMOVE*** institutional delivery transactions that are processed through the "ID Net Service" from the calculation of Members' Required Deposits to the Clearing Fund. + +It goes on to say that that the ID Transactions that have been processed through the Continuous Net Settlement system **ARE NOT** subject to NSCC's trade guarantee. + +The main point: The proposed change would ***IMPROVE*** NSCC's ability to collect fund deposits more accurately ***in the event of a member default.*** + +***==================================================================================*** + +***OVERVIEW OF ID TRANSACTIONS AND THE ID NET SERVICE*** + +https://preview.redd.it/vy1yiojwotd71.png?width=1100&format=png&auto=webp&s=8e214478f17b7706e70555d160b9406b357e46ec + +Parties involved in an ID Transaction are the institutional investor (mutual fund, insurance company, hedge funds, bank trust & pensions + +Investment Manager = Buying broker, selling broker, and custodian banks + +It's basically a trade allocation system, that works as follows: + +1. After Execution (the purchase or selling of shares), the allocation details of ID transactions are matched between the executing broker / manager or institutional investor's custodian bank. +2. After an executing broker has provided final notice of execution, the investment managers provide client trade allocation data to the executing broker using the **Institutional Trade Processing Service**. (***ITP)*** +3. After the broker accepts and processes the trade allocations, electronic confirmation is provided through ITP's TradeSuite ID service for affirmation. +4. After the trade details are confirmed, the delivery details are sent to the DTC for settlement. + +&#x200B; + +https://preview.redd.it/lrrmb43wptd71.png?width=1097&format=png&auto=webp&s=67e3707af1602f81b134fca0f217a6f5d1aaa8a3 + +Participation in the ID Net Service is optional. + +Eligibility requires the broker-dealer be: + +1. Member of NSCC +2. Participant of DTC + +Eligibility requires the custodian bank be: + +1. A DTC participant. + +The cut-off time is 11:30 AM eastern on settlement day. + +If the transactions are not completed by that time, the transactions are exited from NSCC's systems and must be settled on a trade-for-trade basis away from NSCC. + +================================================================================== + +**REQUIRED FUND DEPOSIT AND RISK MANAGEMENT OF ID NET TRANSACTIONS** + +https://preview.redd.it/ucu6xg7hqtd71.png?width=1088&format=png&auto=webp&s=cbcbdda53181338f60a422b5a6c1f06c3a60ab47 + +The required fund deposit serves as each member's margin. + +The objective of this fund is to ***mitigate*** losses in the event of liquidating a member's portfolio due to a ***member default.*** + +***THE AGGREGATE OF ALL MEMBERS' REQUIRED FUND DEPOSITS = THE CLEARING FUND OF NSCC*** + +If a member defaults, the NSCC will access the clearing fund if a member's required deposit is insufficient to satisfy losses to NSCC. + +\*HOW MANY TIMES HAVE WE SEEN ***MITIGATION*** LATELY? JEEBUS. + +\*EXPECTING BIG LOSSES, EH? + +When NSCC ceases to act for a member, that member is then referred to as a DEFAULTED MEMBER. + +================================================================================== + +**REQUIRED FUND DEPOSIT AND RISK MANAGEMENT OF ID NET TRANSACTIONS** + +https://preview.redd.it/3pttmv61rtd71.png?width=1094&format=png&auto=webp&s=2f2b866776e8891b223a4f542fe536da92558783 + +================================================================================== + +PROPOSED ENHANCEMENT TO NSCC'S MARGINING METHODOLOGY + +https://preview.redd.it/wra4j4e2rtd71.png?width=1097&format=png&auto=webp&s=1fb68f38ef5ede7cc70461485a5645616e5e90f2 + +NSCC is proposing to enhance the margining methodology to remove ID Net Transactions from the calculation of the fund deposit. + +1. NSCC does not guaranty the completion of those transactions, so in the event of a Member default, the transactions are excluded from NSCC and are to be settled away from NSCC. +2. By removing the ID Net from the deposit calculation, NSCC would be able to calculate and collect and amount that ***more accurately reflects the risks presented by positions it would be obligated to complete in the event of a member default.*** + +&#x200B; + +[FTDs? Maybe? ](https://preview.redd.it/392yeefkrtd71.png?width=898&format=png&auto=webp&s=edbcb818cc81653d4c0949f2ba3602cdee411cc3) + +================================================================================== + +**PROPOSED CHANGES TO CLARIFY THE NON-GUARANTEED STATUS OF ID NET SERVICE** + +https://preview.redd.it/cr83apynrtd71.png?width=1091&format=png&auto=webp&s=9836ae5325fbf8ba9b56caab7aca347d309fb26a + +ID Net Service provides members with the operational benefit of netting transactions through the Continuous Net Settlement system, however, they're amending the rules to say that they ***are not subject to NSCC's trade guarantee, and would be exited from NSCC's systems in the event of a Member default.*** + +Basically, the clarity within the rules and the proposed changes would create consistency and clarity, and would better protect the NSCC FROM **SOME EVENT THAT WOULD RESULT IN MEMBER DEFAULTS?** + +MOA- + +Eh, we know. + +================================================================================== + +https://preview.redd.it/ck37r3i5std71.png?width=1102&format=png&auto=webp&s=e458e971db20a4fd030594c402b919bc1caaad18 + +They want this implemented no later than 10 business days after the approval of the proposed change. + +We'll need to wait for this to show up on the Federal Register, and then the count-down begins! + + +TL;DR + +The NSCC filed YET again, this time, to remove the guarantee of their ID Net Transaction for netting down capital requirements from the rules. This is crazy, because it gives the hedge fucks even less options now, as capital netting is a HUGE benefit to reduce your deposit requirements. The NSCC has been filing for rules like this ***surrounding revamping their margin strategy / risk framework / and are making it extremely difficult for*** broker-dealers to continue their fuckery. + +Basically, the NSCC is doing everything they can in these languages to seal loopholes. The main purpose of this filing is to ***MORE ACCURATELY DETERMINE THE RISK WHEN THE NSCC MUST LIQUIDATE PORTFOLIOS DUE TO MEMBER DEFAULT.*** + +All this talk about defaults gets my tits jacked. + +I'm gonna go get bekked now. + +<><><><><><><><><><><><><><><><><><><><><><><> +It's 2 hours from close and we're at 2M shares post split, or 500K shares presplit, unless something crazy happen in 2 hours, this will be the lowest volume day ever. Stay zen my friends, a run up is due soon. It's frustrating to see everything green and we're just dragging in the red. +Hey everyone. I'm a mechanical engineering student with a hobby interest in finance. I've spent the last few days figuring out if Nikola's leasing model is actually possible. There's some really wacky stuff going on in Nikola's presentations and financial projections, and I wanted to share my findings. + +&#x200B; + +This is an absolute wall of words, and I wouldn't be offended if you didn't want to read it all. In the first half, I try to tease out the cost per mile of an actual Fuel Cell Electric Vehicle (FCEV) given the specification Nikola lists. Next there is a portion where I look at the discrepancies between their Financial Projections and their Lease breakdown. Then a quick little peanut gallery where I look at their unrealistic assumptions and the hypocrisy of their comparisons. Finally, a more serious portion where I discuss the design, efficiency, and utility implications of Nikola's chosen power output and battery capacity. Hope you guys enjoy! + +&#x200B; + +Let's get started: + +Nikola claims that they have the industry first holistic leasing program, including maintenance, fuel, and use of the vehicle. They plan on leasing for $.95 per mile @ 30% margin. This implies an expense of ~~$.73~~ $.67 per mile to Nikola. + +**Hydrogen costs:** + +According to the DoE, it currently costs $5.10/kg to produce, compress, and dispense hydrogen. Nikola claims they can do this for $2.47/kg. I highly doubt their estimate, and will elaborate on that later. Hydrogen has a specific energy 33.3 kWh/kg. A Fuel cell Electric Vehicle (FCEV) has an average thermal efficiency of 55%. A diesel semi tractor, which easily compares to Nikola’s offerings, consumes about 1.25 kWh of work per km (or 2.125 per mile) of useful work loaded. + +This implies the Nikola truck will use 3.86 kWh of hydrogen per mile, at a cost of $0.59 per mile, or $.29 using their estimates. The DoE estimate could be pretty rosy as well, Hindenburg cited a practical price of $16 per kg for hydrogen in their report. Nikola’s estimate in the leasing breakdown is 7.5 miles per kg of hydrogen @ $2.47 per kg. That works out to $.33/mile. Our estimates are pretty close, excluding hydrogen costs. It looks like, in a surprising twist, they actually overestimated the energy consumption of a tractor. Or maybe not. We’ll get to that + +ICCT Tractor-Trailer Fuel Consumption: [https://theicct.org/sites/default/files/publications/EU\_HDV\_Testing\_BriefingPaper\_20180515a.pdf](https://theicct.org/sites/default/files/publications/EU_HDV_Testing_BriefingPaper_20180515a.pdf) + +Why do I doubt their hydrogen cost estimates? $2.5 per kg implies $.075 per kWh of hydrogen produced The average price for Industrial electricity in Arizona, the state they are headquartered in, was $.068/kWh, some of the cheapest in the US. Of course, there isn’t a 1:1 conversion of electricity to hydrogen: an electrolyzer uses about 50 kWh per kg of hydrogen ( specific energy of 33.3kWh/kg), making the electricity expense alone in excess of $.10 per kWh of hydrogen. Electricity must also be used to compress the hydrogen. This would take another \~4 kWh, though we’re already over budget. God forbid they use California electricity at an average cost of $.15 per kWh. The electricity expense for the Electrolyzers alone exceeds their estimates, much less depreciation expense, cost of capital, maintenance expense, salary expense, etc. Clearly a bogus number. + +I suppose they can use renewable excess during off-hours for cheap, but the rapidly decreasing costs of energy storage will likely level out those low prices rather quickly. This also only works in Arizona and a select few other states; California not included. There is the issue of a startup paying to build huge electrolyzers that might have a utilization factor of \~30%, and additional high pressure storage will be needed. The abhorrent upfront capex needed to try and drive down operating costs is not viable for them. + +EIA electricity prices nationwide: [https://www.eia.gov/electricity/monthly/epm\_table\_grapher.php?t=epmt\_5\_3](https://www.eia.gov/electricity/monthly/epm_table_grapher.php?t=epmt_5_3) + +NREL H2 cost analysis from 2011. This is just about the most recent research I can find. The abject lack of new material tells me it’s not exactly a hoppin’ field: [https://www.nrel.gov/hydrogen/production-cost-analysis.html#fn3](https://www.nrel.gov/hydrogen/production-cost-analysis.html#fn3) + +**Fuel Cell costs:** + +Part of the reason there are currently so few FCVs on the road today is the limited service life of a fuel cell. Fuel cells are precision manufactured components that degrade quickly when jostled & vibrated too violently. This is not good when combined with the rock-hard suspensions of semi tractors. + +The DoE targets a useful life of 150,000 miles for a fuel cell. Currently, there is no information confirming this target has been met. A Toyota Murai comes with a 100,000 mile warranty on its FC. For the sake of argument, I will assume Nikola FCs can meet this target. The DoE targets a cost of $40/kW for fuel cell production in 2020, provided mass hits 500,000. This hasn’t happened yet, but I will again assume this to give Nikola the best chance. As an aside: Nikola’s decision to use exclusively GM FC technology in their Badger pickup indicates to me they have nothing “up their sleeve” to make the technology more viable, despite my optimistic assumptions. + +I’ll assume the Nikola Two’s Fuel cell is 500 kW, less than the 750 kW claimed output. I think it likely their horsepower claim will be a peak power figure only achievable when the motors draw on the battery & FC. I cannot confirm this, because Nikola does not list the output of their motors and FC separately (along with myriad other questionable, or lack of, claims). I think this is reasonable, considering FC thermal efficiency is maximized between 20% and 30% load, and a semi will average \~90 kW of useful work required on the highway, translating to \~170 kW of FC usage. This is near the peak efficiency band of a PEMFC. This assumption also allows steady-state operation at 66% of the “rated” output. This implies an upfront cost of $20,000. A targeted useful life of 150,000 miles implies a depreciation expense of $.13 per mile. + +NREL Stack Durability and Performance vs load chart: [https://www.nrel.gov/docs/fy19osti/73011.pdf](https://www.nrel.gov/docs/fy19osti/73011.pdf) + +**Battery costs:** + +Using BNEF 2023 battery cost estimates of $100/kWh, that equates to $25,000 of battery expense. Assuming a useful life of .25M miles, more than any existing warranty currently covers, that results in a depreciation expense of $.125 per mile. + +**Chassis and the rest:** + +Lastly, I extrapolated an FCEV COGS of $175,000 per truck from their Financial projections, minus the $45,000 of equipment already listed, and a 15% scrap value I pulled out of my ass to try and help nikola here, leaves $104,000 depreciated over 700k miles, or a $.15 depreciation expense per mile. + +**Maintenance costs:** + +Nikola assumed a $.061/mile maintenance cost. Any engineer should be able to see such a claim and immediately question it. Tires alone should account for $.03 per mile. That leaves…. $.031 for brakes, air lines, HVAC, wiring, electrical equipment, motors, inverters, those battery and FC expenses I already calculated, sensors, etc. They make no additional provisions for the battery/FC in their leasing breakdown. Pure, unadulterated bullshit. The ICCT puts BEV per mile maintenance at \~$.19/mile. How they squeezed 70% of those costs out, as an unproven startup, by going for a more complex FC-BEV hybrid is beyond me. + +Cost of trucking: [https://www.thetruckersreport.com/infographics/cost-of-trucking/](https://www.thetruckersreport.com/infographics/cost-of-trucking/) + +Nikola Leasing cost breakdown, p19: [https://d32st474bx6q5f.cloudfront.net/nikolamotor/uploads/investor/presentation/presentation\_file/5/NikolaInvestorRoadShowPresentation042720.pdf](https://d32st474bx6q5f.cloudfront.net/nikolamotor/uploads/investor/presentation/presentation_file/5/NikolaInvestorRoadShowPresentation042720.pdf) + +**Leasing Conclusions:** + +Adding their laughably low per mile maintenance expense of .061 + .15 + .125 + .13 +.59 gives us an aggregate $1.06 per mile expense for Nikola. Using their fuel expense estimate of $.29, this equates to $.76; still more than their projected gross expenses. The first estimate is 50% over they need for their claimed 30% gross margin at $.95 per mile. Note: I used a projected battery expense, projected FC service life target, and projected FC production expense. None of these have been met. I used the average resitive forces acting on a US tractor-trailer, which appear to be lower than the number Nikola uses. I did not include warranty expenses in my estimate. Additionally, these are EXPENSES, and includes 0 profit for the suppliers of these parts. The GM-Nikola deal clearly shows there will be little vertical integration in their production, and such allowances would have to be made. + +A more reasonable estimate, including a still optimistic 3% interest expense for truck capex, a .4% annual warranty expense (corresponding to their presented 3% estimated reserve). That reserve, btw, is very optimistic: Tesla used a higher reserve on the S for years, while building a simpler product with a warranty length/distance a literal order of magnitude lower than the Nikola truck. A \*STILL\* low maintenance expense of $.12, and a 10% margin for battery & FC production, we end up with an **$.92** per mile expense, or more than Nikola can afford, even when using their untenable $2.5 per kg hydrogen estimate. This is before G&A expenses. Their leasing business model is not possible. + +**Lease Projections v. Income Projections: Internal Chaos or Outright Fraud?** + +It’s possible some of the folks at Nikola have already found those problems out, though. Nikola says they have plans to Lease their trucks. They’ve had presentation slides including the idea, and their truck descriptions on their website include a leasing plan. In their most recent presentation at the DB Global Auto Industry Conference in June, however, the Leasing cost breakdown slide was conspicuously missing. Their Financial projections slide showed 2,000 FCEV trucks being produced in 2023, and 470 million in revenue from FCEV sales. This represents $235,000 per truck, and their FCEV revenue scales exactly linearly into their 2024 projected sales; no room for residual from the 2023 trucks. **They’re projecting to sell them!** Revenue from maintenance and Hydrogen sales are also listed separately. Their Financial projections clearly show the upfront sale of trucks with additional Hydrogen fueling and maintenance revenue, and the leasing model slide has disappeared. It’s easy to see why. Their projected combined expenses and capex exceeds $7.5 billion through 2024, significantly more than their current $1 Billion in assets and a couple of lease payments would allow for. This would take some intense share dilution (not something I think Trevor would be on board with) or extremely expensive leverage. + +It’s not like they’re going to get cheap loans secured against their proprietary trucks, requiring their proprietary stations, to run only their customers’ preset routes. A bank wouldn’t want that kind of collateral. The leasing idea is a real mess. + +Nikla DB presentation, projections are 2nd to last page: [https://d32st474bx6q5f.cloudfront.net/nikolamotor/uploads/investor/presentation/presentation\_file/7/Nikola\_and\_VectoIQ\_Conference\_Presentation\_DB\_Global\_Auto\_Conference\_\_6.10.2020\_.pdf](https://d32st474bx6q5f.cloudfront.net/nikolamotor/uploads/investor/presentation/presentation_file/7/Nikola_and_VectoIQ_Conference_Presentation_DB_Global_Auto_Conference__6.10.2020_.pdf) + +One can claim that the lease model is still in the description of the trucks, but so are battery and fuel cell specifications for the Nikola one. The Nikola one was, ostensibly, never actually powered by hydrogen, and development has since been abandoned. It looks like their leasing Idea may have been abandoned as well. + +I’ll also point out that an expected 2024 FCEV maintenance revenue of 56 million on 7000 trucks sold, assuming an average of 50,000 miles per truck sold in 2024 (the average mileage if the trucks are sold at a constant rate through the FY) and 100,000 per truck in 2023, equates to 12.4 cents per mile, more than double the $.061 projected maintenance costs in the april lease presentation. Either they plan on making a killing from maintenance, or there was some aggressive re-shuffling of numbers when maintenance went from an expense to revenue stream, or vice versa. + +The same analysis of hydrogen expenses puts their per kg revenue at $4.08. Still low, but a hefty sum above their $2.47 cost average on the leasing slide. + +If we use their projected FCEV maintenance revenue of $.124, $4.08 per kg H2 revenue, and $235,000 truck price depreciated over 7 years w/no interest expense, **the cost of ownership, according to their income projections, is $1 per mile** for a 100,000 mile year. **More than they say a diesel will cost**. OOPS! + +That’s most of what I wanted to talk about. It’s pretty clear that Nikola cannot possibly make a profit with their lease model, and Nikola’s finance department has indirectly acknowledged this. Hydrogen tech is still many, many years away. Nikola’s move fast and break things approach (though I’m not convinced we’ve seen much moving outside of gravity assists) will end up a “move fast and bankrupt things” strategy. + +&#x200B; + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +&#x200B; + +I now want to take a few moments to look at some of the sillier things I found in my research: + +In a laughably exuberant turn of events, Nikola projects 25% gross margins during their first year of production. That’s downright cute! They plan on, ostensibly, slapping GM FCs & batteries on IVECO platforms, and beating the margins of all publicly traded auto companies sans Ferrari within a few months of production start. It's that easy. Get your shit together, Ford! + +On Nikola’s website under their trucks, they have a comparison of FCs, BEVs, and Diesel where they seem to forget their trucks have hundreds of kWhs of battery storage onboard. They claim “Hydrogen acts as a buffer and grid balance,” while “batteries are a drain on the grid.” You heard it hear first, folks, batteries can’t be used as a grid buffer, only a grid drain. They also claim H2 is the “most abundant element on the planet,” while “Batteries \[are\] made of non-renewable resources; dangerous/costly to mine.” Makes me wonder why they chose to put so many on their trucks. Also hilariously hypocritical, considering Platinum -required for PEMFCs- is one of the rarest metals on earth. + +**Design considerations and odd choices:** + +I want to take a moment to talk about chassis design and the implications of Nikola’s set power parameters. And I want to start with a quote from Elon Musk during the Tesla Semi reveal: + +“We designed the Tesla truck like a bullet,” Musk said. “A normal diesel truck is designed like a barn wall.” The Tesla Semi is more aerodynamic than a $2 million Bugatti Chiron sports car, he said. + +A bold claim, but I believe this to be correct. Cheesy, but correct. Why? Cooling requirements. The more cooling air you need, the less favorable aerodynamics you’ll have. In the simple representation of an engine, there is a fuel input, a work output, and a heat output. A gas engine -especially one not designed with fuel efficiency in mind like the Chiron’s- will likely only output \~20-25% of its fuel input as a work output. The Chiron makes 1,500 hp, and needs to reject 4,500-6,000 hp of heat at full throttle. The goal of a Chiron isn’t to slip through the air, au contraire. It’s designed suck in as much air as possible for cooling and brute it’s way to 270 mph through raw horsepower. Most modern sedans have more favorable aerodynamics than a Bugatti. + +&#x200B; + +On the other hand, about 90% of the inputs from an EV charger make it to the wheels -- a major factor that makes EVs so efficient. This means Elon can put, for example, 1000 hp of motors in his truck and only worry about rejecting 100 hp of heat at full load, an easy task. That’s less cooling than a Prius needs, and the truck can be designed with virtually zero air input constraints. He can swing his “3x the acceleration” dick around, and the only tradeoff is beefier driveline bits for the extra torque and bigger motors. + +C\_D lists on wikipedia: Note almost every production car below Cd=.24 is either a small displacement diesel or electric. No supercars in sight. [https://en.wikipedia.org/wiki/Automobile\_drag\_coefficient](https://en.wikipedia.org/wiki/Automobile_drag_coefficient) + +The Chiron’s standard Cd is .38. A 1995 ford windstar minivan has a standard Cd of .35. Not exactly a prestigious club, haha: + +[https://www.roadandtrack.com/new-cars/car-technology/a32329/these-rare-development-photos-tell-the-full-bugatti-chiron-story/](https://www.roadandtrack.com/new-cars/car-technology/a32329/these-rare-development-photos-tell-the-full-bugatti-chiron-story/) + +Hydrogen is a different story. The thermal efficiency of a FCEV -above 50% load- will dip down into the 40-50% range. The average efficiency of a diesel truck is \~45%, and it will dip to \~35% at max rpm, full load. ‘Ever seen the video where Trevor says the production trucks won’t need as much cooling as their current prototypes? He’s lying through his teeth. A 1000 hp FC would need more than 1000 hp of cooling; as much if not more than a 500hp diesel. It's also important to note that less heat is lost in exhaust from a PEMFC, and lower operating temps mean that actual cooling airflow required is significantly more than an equivalent diesel would require. 500 hp diesels are already built like a brick with a front aftercooler & radiator the size of a football field. Trevor’s dick swinging has major consequences. More cooling means more drag, more weight in heat sinks/radiators, and more power draw to move coolant. These all create positive feedback loops, e.g. more air requirements mean less favorable aerodynamics & more drag, which means more power draw at speed, which means more cooling, which means more air requirements... It’s not all fun and games like the pure BEV Tesla is making. + +&#x200B; + +Daimler’s recently announced H2 semi offering only has 300 kW, and they can recycle their waste heat to warm up incoming liquid hydrogen, Nikola uses compressed hydrogen and won’t have the same luxury. Running so much horsepower is a real head scratcher; one would think their head of R&D’s only experience was pouring concrete or something. + +&#x200B; + +It’s also important to note US tractor-trailers are hard capped at 80,000 lbs. This means that every pound of tractor weight is a pound taken from potential cargo. Y’know… the part that actually makes money. One has to wonder why Nikola is keeping \~5000 lbs of batteries on the tractor; their website showed they aren’t fans of the stuff. It’s enough to run a loaded tractor two full hours on battery alone, more than a regenerative braking system would require or power peaking during a hill climb. It’s dumb; 100 kWh would be more than enough when an on-demand primemover like a hydrogen cell is also onboard. It’s an expensive and opulent display to the vexation of customers, who would, in all likelihood, much prefer an extra 2 tons of cargo capacity. + +Features like 1000 hp and 250 kWh of battery appeal more to retail investors than trucking companies. + +&#x200B; + +Actual conclusion time: I think that I pretty conclusively showed that: + +1. Nikola’s hydrogen cost projections are bogus. There isn’t even enough money there to pay for the electrolysis and compression, much less maintenance, depreciation, or labor. +2. Nikola’s leasing costs undercutting diesel is bogus. One can disprove that with their own financial projections, much less the real costs of FCs and H2 electrolysis. +3. Nikola’s plan to lease the trucks is totally divorced from reality, according to their own financial projections. +4. Nikola’s projected per mile operating & maintenance expenses are beyond indefensible. +5. A myriad of odd, marketing focused design choices limit the trucks on-road efficiency and utility to potential customers. + +If you made it this far, congrats! +Hi there, + +I have been looking for a free course that details the basics of how economics consulting careers work and most importantly how to do economics consulting or break into the field. That is the basics of economics consulting. + +So far even after searching for 3 months I still cant seem to find any such courses. I have searched Udemy, Coursera, Google---nothing what I was looking for. There are a few for Management Consultancy but nothing about Economics Consultancy. Infact some PDF booklets on Economics consultancy are only a few pages and only provide a snapshot of careers there or some vague generalities and not in details. + +Can someone please provide a link to such a course or at least guide me to a resource where I might be able to find something like this? +I started paper trading and thought that what I was doing was working (looking back at my trades makes me cringe now), so I decided to put $1000 in my account and try it for real. I was on a steady downtrend for the first 2 months (while the general market is on a steady uptrend) and found my account balance to be below $850. I had to take a break at this point and had serious thoughts about giving up. I thought I wasn't cut out to be a trader; I must be a part of the 95% who fail. I decided to give it one more shot. I took a deep analytical dive into my past trades. I reevaluated my strategy, and found what was working and what wasn't. I slowly started seeing results. I clawed my way back to the original $1000 investment and today have officially hit the $100 profit mark. + +If anyone is still reading this, I know what you're thinking: "Wow, 100 bucks, big deal," and you're right. It's not much. However, If an average guy like myself can battle back and grow his account 10% (+30% in two months), I strongly believe that anyone can; with enough dedication. I'd be happy to talk more about my journey to anyone who's interested or just starting out. + +Edit: Thank you all for your comments! I’ve been reading almost every one! I knew a lot of people would say that based on my story, trading probably isn't for me, you have a very valid reason for saying so, and you could still be right. I've heard that everyone's trading journey is different, and I'm hoping my journey can continue for much longer. Instead of thinking about how I've only made 10% in 8 months in one of the strongest bull runs, I like to think that I've gone from $850 to $1100 (30% gain) while the SPY has gone up 8% in the past two months. I hope these type of gains can continue, but time will tell. Even if I can't continue these gains, I've really enjoyed the learning process and think that the knowledge I've gained is beneficial and worth the time to me. + +Also, I am only trading with money I can afford to lose. I have the majority of my money in mutual funds that I don't plan on touching for a long time +GME: 8am reports 1.1 million new shares available to short + +NV@X: 8am reports 2.3 million new shares appear available to short (also a low float, almost dead, Citadel short play) + +Popcorn: 8am reports 8 million new shares appear available to short + +Blueberry: no event + +This is not just a thing affecting GME. Look around bois! Bullish AF. + +Edit: [source](https://fintel.io/ss/us/gme) + +Edit2: AND GYRLS! + +Edit3: For discussion purposes, there seem to be a few theories in play. + +1. Shorts closed over the past few days and returned shares all at the same time, this am. +2. Shorts are closing today and shares haven't settled (I have no idea about process here) +3. Shorts aren't closing at all, this is normal market behavior and I'm a retard. +4. Shorts are returning borrowed shares that were never sold. + +Edit4: As of 12:06pm, of the 3 examples above, **only $GME's have been reborrowed.** 🤫 + +Edit5: Really didn't expect this to take off like it did, so I would like to leave this thought based on a lot of the "I'm disappointed" comments below: Borrowing available shares has nothing to do with this post. This post, is effectively about either mass returning and/or magic availability of large quantities of shares across more than just this stock. We are not unique in that all of a sudden at 8am this morning, millions and millions of shortable shares appeared across stonks. If we dig further I bet the list is much larger than these 3 examples. What is unique, is that out of the examples above, only $GME's have been borrowed back already. +https://www.bloomberg.com/news/articles/2018-03-01/trump-is-said-to-delay-decision-on-steel-and-aluminum-tariffs + +> “When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, **trade wars are good, and easy to win,**” Trump said in an early morning tweet on Friday. + +> “Steel and aluminum imports from Japan, which is an ally, do not affect U.S. national security at all,” Japan’s Trade Minister Hiroshige Seko told reporters in Tokyo Friday. “I would like to convey that to the U.S. when I have an opportunity.” + +> Canada -- the biggest foreign supplier of steel to the U.S. -- said the measures were unacceptable while the European Union vowed to “react firmly” with World Trade Organization-compliant countermeasures in the next few days. Australian Trade Minister Steve Ciobo called the move “disappointing” and said his country is seeking an exemption. + +> U.S. companies from beer brewer MillerCoors to candymaker Hershey Co., which use aluminum for manufacturing and packaging, said operations would be hurt by the tariffs. + +> “We buy as much domestic can sheet aluminum as is available, however, there simply isn’t enough supply to satisfy the demands of American beverage makers like us,” MillerCoors said in a tweet. “American workers and American consumers will suffer as a result of this misguided tariff.” + +From what I'm understanding, the White House administration is willing to have swing states targeted by EU/Canada/Australia/Japan/China's trade retaliations (e.g. soybean import restrictions), or is completely unaware of what happened in 2002. I wouldn't be surprised if the EU pulls up their old 2002 tariff retaliation playbook and goes after the swing states again. The question is how the White House will respond? + +EDIT: I also find it interesting that the White House does not trust steel imports from the EU/Canada/Australia/Japan, as they originally proposed the tariff as a "national security" measure. If they all turned against the US during a war (including NATO ignoring the US or disbanding), the US is screwed anyways. + +EDIT2: This trade tariff was blamed for helping kick off the Great Depression. Once that passed, everyone enacted trade restrictions against each other until global trade effectively collapsed: https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act + +(I was strongly considering posting this in the earlier thread, but I had the impression that the White House was not planning on backing down after the tweet today. If the mods want this update in the other thread, I understand.) +**Background:** I am 24F living in NJ/NYC and I want to get the ball rolling on my real estate investing journey. I understand it is a long game and my goal is to have 50 units in the next 10 years and hopefully be cash-flowing around $15k per month. I feel it is doable if I play my cards right. I am currently renting in NYC which I know is a big sunk cost but I am young, all my friends live here, and my job is here. I will likely move out of the city in the next few years after I \*hopefully\* am in a relationship and my other friends start moving out (or I'll just be alone and lonely and get out anyway). I have around $50k in cash and make around $80-110k per year between my main job (software dev) and my side biz. + +I see my options as the following: + +**Option 1:** Start buying SFH rentals out of state (maybe midwest or southeast) where it's more affordable to scale quicker. I would ideally like to pick 1 city and stick with it so I can keep my team of people consolidated. However I understand many of the lower priced, cash flowing properties are going to be in bad areas and appreciate less. Does that make them a bad decision? Lower home prices are attractive because I feel I could diversify more. + +**Option 2:** Try to do BRRR, or flip, or rent etc locally in NJ. My dad is very handy and can do a lot of the work for me. Home prices here are higher though so I am concerned about not being able to scale at the rate that I'd like. NJ taxes also kill. + +**Option 3:** At my family's home, there is a 3 car garage with a large, unfinished loft above it. I was thinking of finishing that off and then renting it out. It could be a good sized 2bed/1.5 bath loft or larger potentially. I'd estimate it could rent for 1200 minimum. Obviously I would need to work these numbers out more to know for sure, but wasn't sure if there was something blatantly wrong (or good) with this idea. I would give part of that cash to my parents for their mortgage, but they already said they wouldn't mind because they never use it anyway. +whatever may be the project, how can something that was launched just 3 months ago become top 5 . it takes time for people to even to understand the concept behind this project. + +INSANITY AT ITS BEST +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! + +The question is simple, if I work for a company, can I buy shares of the company in my brokerage account? The company is listed in the Toronto exchange. + +No, I don’t work the financial department, but we have meetings where the CEO communicate how the company is doing. +Been trading for about six months and have deposited a total of $500 roughly in my trading account, I have lost it all. Not surprising coming from a new trader. I was aware that it was always a possibility and deposited money I was not going to be financially impacted by losing. I was close to breaking even in my account multiple times, but first it was trading without SL, then greed , then revenge trading. It is a learning process. I started a second gig to get out of that $500 hole and fund trading as I'm learning. + +How far were/are you in overall loss before you turned a profit ? +Yes I realize how stupid this was. I was at a bar and talking to this guy for a while. After a few drinks he asked if he could use my phone to call his friend. I was a little tipsy and obliged, and I believe that my Chase app was still logged-in because I had checked my balance only a minute before. I realized the next morning that the man sent $250 from my checking to a random number. Does anyone have any experience with this type of thing? I know Zelle’s TOS and feel like the odds are stacked against me. Any help is appreciated, thanks. +Topics to be Discussed: + +* Overview +* Leadership +* Board of Directors +* Products, Services, and Technology +* Partnerships and Customers +* Competition +* SPAC Transaction Overview +* Financials and Fundamentals +* Forward-Looking Statements and Speculation +* Conclusion + +# Overview + +"Proterra is a high-growth commercial electric vehicle technology leader with over a decade of production experience. The Company has designed an end-to-end, flexible technology platform that delivers world-class performance and a low total cost of ownership to original equipment manufacturers (OEMs) and end customers. Proterra has three complementary businesses: + +* **Proterra Powered**: Delivering industry-leading battery systems and electrification solutions to commercial vehicle manufacturers; +* **Proterra Transit:** Leading North America as the market’s #1 electric transit bus OEM; and +* **Proterra Energy:** Offering end-to-end turnkey charging and energy management solutions. + +The Company’s industry-leading battery systems have been proven in more than 16 million service miles driven by its fleet of transit vehicles and validated through partnerships with world-class commercial vehicle OEMs, such as Freightliner Custom Chassis Corporation (FCCC), Thomas Built Buses, Van Hool, Bustech, and Optimal-EV. To date, Proterra has produced and delivered more than 300 megawatt-hours of battery systems, more than 550 heavy-duty electric transit buses and installed 54 megawatts of charging systems. + +Proterra operates manufacturing facilities in California and South Carolina, as well as a state-of-the-art R&D lab in Silicon Valley. The Company recently announced the opening of a new battery production line co-located in its electric transit bus manufacturing facility in Los Angeles County. This battery production line was established within a year and demonstrates Proterra’s ability to bring its scalable and capital-efficient battery manufacturing process directly to commercial vehicle OEMs alongside their existing manufacturing." Pulled from [investors portal on Proterra's website](https://www.proterra.com/company/investors/). + +Proterra is going public via a SPAC merger ticker **ACTC.** A [press statement](https://www.proterra.com/wp-content/uploads/2021/01/Proterra-Release.pdf) released on January 12th, 2021 suggests that the merger is "expected to close in the first half of 2021". There is some speculation regarding the date; they’ve already filed the S-4, so the timeline for merger vote looks to be around end of March to April first week according to [this post](https://www.reddit.com/r/SPACs/comments/le6yur/proterra_actc_merger/) and [the SEC website.](https://www.sec.gov/cgi-bin/browse-edgar?CIK=1820630&owner=exclude) + +**Investors:** + +Franklin Templeton, Broadscale, 40 North, G2VP, Chamath Palihapitiya, and Fidelity Management & Research Company LLC + +**Funds and Accounts Managed By:** + +BlackRock, Neuberger Berman Funds and affiliates of ArcLight. + +# Leadership + +* Jack Allan, CEO, from Navistar and Valspar +* Amy Ard, CFO, from AMG, PCC, and PWC +* Dustin Grace, CTO, from Tesla and Honda +* John Ensign, COO, from Tesla and Honeywell +* JoAnn Covington, CLO, from EA and Rocket Fuel +* Gareth Joyce, President, from Delta and Mercedes-Benz +* Rick Huibregtse, Sr. VP Engineering, from Remy and Delphi +* John Walsh, Sr. VP of Sales, from Rev and Davey Coach + +# Board of Directors + +* Jack Allen, Chairman from Navistar and Valspar +* Ryan Popple, Co-Founder and Executive Director from Tesla and KPCB +* Jake Erhard, Direct Nominee from ArcLight and Schroders +* Jennifer Granholm, Director **Secretary of the DoE** and CNN +* Constance Skidmore, Director from PWC +* Mike Smith, Director from Constellation +* Brook Porter, Director from G2VP and KPCB +* Jeannine Sargent, Director from Flex and Aerlikon + +I can't highlight Jennifer Granholm enough, she is the Secretary of the Department of Energy with a green Biden administration in a company that has 50% of the US Market already. Her CNN ties could prove to be an excellent source for PR as well. + +# Products, Services, and Technology + +As mentioned in the overview, the company really operates in 3 capacities: Proterra Powered, Proterra Transit, and Proterra Energy. + +**Proterra Powered**: Delivering industry-leading battery systems and electrification solutions to commercial vehicle manufacturers. + +* DriveTrain [Technical information here](https://www.proterra.com/company/innovation/) +* Battery Pack [Technical information here](https://www.proterra.com/proterra-powered/battery-technology/) +* High Voltage System Components and Integration (Junction Boxes, Thermal Management Systems, Telematics Gateways, Charge Controllers and Integration Controllers). + +**Proterra Transit:** Leading North America as the market’s #1 electric transit bus OEM. + +* [ZX5](https://www.proterra.com/vehicles/zx5-electric-bus/) \- Transit Bus +* [S1LF](https://www.proterra.com/vehicles/proterra-powered-vehicles/shuttle-bus/) \- Shuttle Bus +* [ZDi](https://www.proterra.com/vehicles/proterra-powered-vehicles/bustech-transit-bus/) \- Transit Bus + +**Proterra Energy:** Offering end-to-end turnkey charging and energy management solutions. + +* [Fleet Planning](https://www.proterra.com/energy-services/fleet-planning/) +* [Fleet Charging Infrastructure](https://www.proterra.com/energy-services/charging-infrastructure/) +* [Smart Energy Management](https://www.proterra.com/energy-services/energy-management/) +* [Pay-As-You-Go](https://www.proterra.com/energy-services/financing-your-charging-infrastructure/) +* See the full services information [here](https://www.proterra.com/energy-services/). + +# Partnerships and Customers + +**Partners:** Key strategic partnership with Daimler + +**Customers:** Daimler, Alabama University, ART, University of Montana, Atomic City Transit, Capitol Metro, CARTA, Chicago Transit Authority, Charlotte Douglas International Airport, City of Los Angeles Department of Transportation, CitiBus, Detroit DoT, DART, Duke University, JFK International Airport, Zion National Park, +100 more. + +Their customers range from transit authorities, DoT's, airports, schools (high school/college), and cities. + +Two weeks ago they had the [largest EV bus deal in the US struck with Maryland.](https://www.bloomberg.com/news/articles/2021-02-24/biggest-electric-school-bus-deal-in-u-s-approved-in-maryland) + +# Competition + +Arrival, Hyllion, Nikola, Romeo. + +Proterra has an extremely large lead and has a distinct first mover advantage. The second place competition (Romeo) is still lagging *far* behind Proterra. + +**Real World Miles Driven:** Proterra has driven over 16mm real world miles, no other competition has driven any. + +**Revenue** (2020E): The only other competitor to generate mentionable revenue was Romeo with $11mm. Proterra generated $193mm + +**Production Track Record:** Again, Romeo is the not-so-close second having produced minimal items and being founded in 2016. Proterra has been in production for \~10 years. + +**Manufacturing Capacity (As of 01/01/2021):** Only Proterra and Romeo. + +**Full Charging Solution (As of 01/01/2021):** Proterra only + +# SPAC Transaction Overview + +* Transaction reflects a $1.6Bn value for Proterra +* Proterra to receive \~$648mm cash at closing +* Proterra shareholders to roll 100% of their shares, expected to own \~69% +* $2.4Bn pro forma equity value +* $1.6Bn pro forma enterprise value + * 3.6x 2022E revenue of $439MM + * 0.6x 2025E revenue of $2,566MM +* \~$852MM cash on hand at close +* The transaction has been unanimously approved by the Boards of Directors of both Proterra and ArcLight Clean Transition Corp. +* Expected to close "first half of 2021", aforementioned above that predictions expect voting to happen in the last week of March/first week of April. +* [Form 8-K](https://sec.report/Document/0001213900-21-006284/) + +# Financials and Fundamentals + +**All data derived from SEC forms and the** [investor presentation.](https://www.proterra.com/wp-content/uploads/2021/01/ACTC-Proterra-Investor-Presentation.pdf) + +* **2025E EBITDA:** 21% +* **2025E Free Cash Flow:** $390MM +* **'20E-'25E CAGR:** 68% (Peer median 37%) +* **'22E-'25E Scaling Gross Margins:** 13-25% (Peer median 23%) +* **'21E Valuation:** 6.5x (Peer median 16.2x) +* **'22E Valuation:** 3.6x (Peer median 10.3x) +* These are very attractive valuations considering the growth compared to peers. +* **Trading Median (as of January 2021):** 1.6 transaction value/trading value (Trading median 3.1) +* **Revenue '21E:** $246MM (Peer median $120MM) +* **Implied Enterprise Value of Publicly Traded Mobility Tech Leaders:** $4.7Bn +* **Implied Enterprise Value of Publicly Mobility SPAC Transactions:** $4.3Bn +* **Implied Enterprise Value of Proterra:** $1.6Bn + +**Let's do a little evaluating ourselves:** + +**Shares outstanding post-merger:** 240.1MM + +**Based on January ACTC prices pre NASDAQ sell-off:** $24/share + +* 240.1MM \* $24/share = 5.76Bn Market Cap +* Let's find Proterra's value here without the SPAC shenanigans. +* 5.76Bn - $852MM = 4.91Bn Market Cap without SPAC cash +* 2022E estimated revenue is 439M +* 2022E adjusted .7561 for present value is 332M +* So unadjusted EV/Rev = 11.18 +* And adjusted EV/Rev = 14.78 +* Competitor EV/Rev = 10.3x on average for 2022E +* Proterra claims an 84% premium +* 1.84 \* 10.3 = 18.95 +* So the industry metric is 18.95x. + +**UNADJUSTED:** + +* 439 unadjusted x 18.9 = 8.3B +* Add the cash from the SPAC: $852mm +* $9.162Bn unadjusted market cap +* 9.162/240.1 = **$38.16 unadjusted** +* 9.162Bn - 5.76Bn = **3.402Bn undervalued** + +**ADJUSTED:** + +* 332 \* 18.9 = 6.274Bn +* Add the cash from the SPAC: $852mm +* $7.126Bn adjusted market cap +* 7.126/240.1 = **$29.58 adjusted** +* 7.126 - 5.76 = **$1.366Bn undervalued** + +**Average between adjusted and unadjusted:** + +* Dollar value: $2.384Bn undervalued +* **Fair share price: $33.87** + +[Here is another analyst finding it undervalued in a similar way on Feb 10th.](https://investorplace.com/2021/02/actc-stock-arclight-spac-merger-proterra-undervalued/) + +*Let's think about that for a moment...* + +As of this writing ACTC is trading at $15.65, based on purely fundamentals without speculation it is trading **116.42% below it's actual value.** + +Forward Looking Statements and Speculation + +* [Vehicle to grid technology](https://en.wikipedia.org/wiki/Vehicle-to-grid) +* [EV Construction Equipment with Komatsu](https://www.proterra.com/press-release/komatsu-electric-construction-equipment/) +* [Delivery Truck](https://www.proterra.com/applications/last-mile-delivery/) +* [Garbage Trucks, Tractor Trailers, Big EV Vehicles](https://cleantechnica.com/2017/02/02/garbage-trucks-buses-time-start-talking-big-electric-vehicles/) +* [Bus Market Projected to be 50% Electrified by 2025](https://www.researchandmarkets.com/reports/4733461/global-electric-bus-market-opportunity-analysis) +* [California Transitioning to All Electric Bus Fleet by 2040](https://ww2.arb.ca.gov/news/california-transitioning-all-electric-public-bus-fleet-2040#:~:text=SACRAMENTO%20%E2%80%93%20The%20California%20Air%20Resources,air%20for%20all%20of%20us), same link 25k of NA buses must be 100% emission free by 2040 +* [Zero Emission Buses Now 26% of Active Bid Universe](https://www.nfigroup.com/2019/04/15/nfi-group-announces-first-quarter-2019-deliveries-orders-and-backlog/) +* [Proterra’s Customers Operate Over 30% of the N.A. Transit Bus Fleet](https://www.transit.dot.gov/sites/fta.dot.gov/files/Electric_Drive_Bus_Analysis_0.pdf) +* [TAM $260Bn](https://www.sec.gov/Archives/edgar/data/1820630/000121390021001584/ea133141ex99-2_arclight.htm) +* [Established Partnerships Serve a Target Segment Market Opportunity of \~175,000 Annual Vehicles](https://www.freedoniagroup.com/industry-study/global-bus-market-by-product-and-fuel-type-6th-edition-3509.htm) +* [Proterra CURRENTLY has 50%+ Market Share](https://www.transit.dot.gov/ntd/data-product/2019-annual-database-service-vehicle-inventory) +* [Current and Future Prospects: Not Just Creating Electric Buses, They Run The Entire Ecosystem for Large Scale EV Fleets](https://www.proterra.com/energy-services/) +* [Massive Green Initiative from the Biden Administration](https://www.whitehouse.gov/briefing-room/statements-releases/2021/01/27/fact-sheet-president-biden-takes-executive-actions-to-tackle-the-climate-crisis-at-home-and-abroad-create-jobs-and-restore-scientific-integrity-across-federal-government/) +* [The Biden Climate Plan is a $2T Plan](https://www.nytimes.com/2020/07/14/us/politics/biden-climate-plan.html) +* [Jennifer Granholm is impatient and wants results, she is the Secretary of the Department of Energy....and a Proterra Board Member](https://msmagazine.com/2021/03/08/table-for-12-jennifer-granholm-biden-cabinet-pat-mitchell-energy-secretary-green-energy/) +* [Proterra ALREADY has a ton of customers, and is striking new deals almost weekly this year](https://www.proterra.com/company/our-customers/) + * [Like the Komatsu deal a month ago to create EV construction equipment on Feb 8th](https://www.worldhighways.com/wh2/news/komatsu-and-proterra-e-excavator-prototype) + * [or when Volta selected Proterra to be a battery provider on Feb 17th](https://www.prnewswire.com/news-releases/volta-trucks-selects-proterra-to-supply-the-vehicle-battery-for-the-full-electric-volta-zero-301229560.html) + * [or when the Biggest Electric Bus Deal in U.S. was Approved in Maryland on Feb 23rd](https://www.bloomberg.com/news/articles/2021-02-24/biggest-electric-school-bus-deal-in-u-s-approved-in-maryland) + * [or when Montgomery County Public Schools approved the nation’s largest procurement of electric school buses on February 25th](https://www.automotiveworld.com/news-releases/proterra-montgomery-county-public-schools-approves-nations-largest-procurement-of-electric-school-buses-with-highland-electric-transportation/) + +# Conclusion + +Proterra is not only the most undervalued stock on the entire market, it's also positioned to be one of the best performing companies over the next several years. With an incredible first-mover advantage (16mm driven/10 years production) and a massive lead on the market (50%+ US market share), there is nothing stopping this stock from absolutely exploding post-merger which is expected to happen end of March-first week in April (although the official statement is "the first half of this year"). + +The company is currently undervalued by 116.42% on fundamentals alone, and that's on the "fair" end. When people realize what is actually happening here and what this is about to become, I think the hype and excitement has the potential to drive these prices much higher. I see a TSLA situation brewing. No not because it's just another EV company, because it's an established, well-connected, constantly growing *commercial* EV company. + +**Bear Case:** I literally can't think of one aside from the merger falling apart. If someone could provide a bear case in the comments for Proterra (assuming the merger is successful) I would love to discuss it, because either I'm missing something glaringly obvious or this might be my greatest pick. + +**How to Play?** + +I am long on this with my shares. I will be holding all my shares for several years, my calls I will exercise half after the merger and sell the rest for a nice profit. If you want to just play the merger that's an option too. Meaning just hold until the merger date and sell at whatever you think the peak is that very day. + +1. Buy shares, ACTC will change to PTRA after the merger. Shares will be 1:1 +2. Warrants, ACTCW, if you're not familiar how warrants work they are essentially call options with a fixed strike price of $11.50 +3. Calls, I think virtually anything listed is going to print (aside from 03/19) +4. Selling puts, the premiums are hefty so either you'll get a nice premium or you'll own some shares at a really nice discount. + +**Positions:** + +3,865 shares @ 22.37 + +10C 04/16 $20.00 + +12C 05/21 $22.50 + +17C 05/21 $25.00 + +6C 08/20 $35 + +**TL;DR:** Fundamental's alone show this company is already **116.42% undervalued**, factor in hype, forward-thinking, IPO, etc. and I can't even come up with a PT. I would *expect* a PT post-merger to travel upwards to \~$50-$60 and settle back down no lower than $34. EOY my prediction is \~$70-$80. 2025 prediction is \~$300-$500. I recommend you read. I wouldn't want to gloss this one over if I were you. If you prefer you could simply check out [their investor presentation.](https://www.proterra.com/wp-content/uploads/2021/01/ACTC-Proterra-Investor-Presentation.pdf) + +**EDIT:** The 10.3 factor is from an EV basket that includes many direct and indirect competitors. The list is in the presentation. + +**EDIT 2:** This is a fundamental DD. There are a lot of comments regarding other competitors not mentioned. Most of the companies not mentioned were including in the 10.3 factor for diversity. A lot of these competitors being mentioned are bus manufacturers, Proterra is a fleet level ecosystem infrastructure provider. They don’t just make buses. + +**EDIT 3:** Fair warning, even though Proterra is significantly undervalued, there are other market mechanics at play. With the NASDAQ sell off its uncertain how much lower ACTC will go if at all. I think this is an excellent play, now you just need excellent timing. + +**EDIT4:** Added “2025E” to EDIBTA + +*Disclaimer: I am not a financial advisor, nothing I ever say or do is a financial recommendation. Any words urging someone to do something is only going as far as suggesting they do their own DD, it is in no way an attempt to convince anyone to make any financial decisions. Plus...this thing doesn't need to get pumped. I'm just trying to share the find.* +Source: interview confirming Branson going through training + +https://youtu.be/BUi09sd9HsQ + +So a few days ago Virgin Galactic had a successful test flight to the edge of space with is VSS Unity spaceship. Afterwards Richard Branson did a interview in which he confirms he is going through training for his own upcoming spaceflight. No one knows exactly when but he’s always talked about hoping to go on his birthday which is July 18th. + +Successful test flight article: + +https://www.cnn.com/2021/05/22/tech/virgin-galactic-spaceflight/index.html +Has anyone one here gone through the process of purchasing a property in Italy for one euro? If so, what was it like? Was it to flip or to keep as a vacation home? The good, the bad, and would you do it again? +Capitalism, or whatever contemporary economy is, was justified to me as requiring people to learn an extreme amount to be comfortably beyond alot of competition. And for people not wanting to hyperspecialize, requiring maybe an even more extreme learning, from an encyclopedic learning. + +Does capitalism produce extreme knowledge workers? Adding an economic requirement to other motivating reasons to extremely learn? Or is this not only capitalistic and I've been dooped? +It's been many years since I studied economics in college, and apparently things have changed a lot since the Austrian school was the vogue. + +Modern Monetary Theory, honestly, confuses the hell out of me. The way it was pitched to me, is that governments can simply print money if they need to spend money without actually having the money. Because of the way "modern economies" work (whatever that means), the increased production of money wouldn't greatly impact inflation rates. + +So then my question is, if MMT holds true, and the purpose of taxation is to fund government programs, why are we still getting taxed? Hell, why are taxes going up? If we can supplement the government's budget by just printing the difference in the budget, shouldn't we see tax cuts? +I got married last year, and my husband and I agreed not to combine our finances. Our primary reason for keeping it separate was that his net worth and annual income (comprised of salary and company stock) far exceeded mine. For example, my annual W2 is about $100k and his is around $1.5-2M. + +However, we decided that, instead of combining our finances, he would help me contribute to my retirement/fatFIRE goals by giving me a lump sum of money per year. With this, I could save, invest, or spend as I want (most of it goes into a taxable account, as I can max out my traditional retirement accounts on my own). + +I’m curious - for those of you in this situation with an incredibly large income gap in your relationship, whether you're the higher or lower income earner, what did you end up doing? Combining accounts and calling it a day? If not, was there some type of mutual agreement on a financial compromise? + +I'm also hoping people don't see this as a money grab, as this is not what I want at all. This is also the reason why I agreed not to combine our finances - I didn’t want him to feel like he had to fully share his wealth 50/50, nor did I expect him to. But this is what we came up with. Would love your thoughts. + +... + + +Update 11/9/19: Thank you all for taking the time to comment on this thread and provide me with additional info and perspectives I need to think through. I've read every single comment thus far, and I really appreciate the personal examples you've shared and the tough questions asked. + +It's clear to me that, although my husband and I had our own financial compromise, California law says that we are a single unit and we share everything equally. We will need to have further discussions on our financial situation, and I will keep all your comments in mind. Thanks! +Title pretty much says it all. Which of your coins/tokens do you trust most to moon and why. Everyone gets to shill 1 x100, 1 x50 and 1 x10. I'll start: + +x100 Chainlink (Link): Decentralised Oracle platform to connect smart contracts to the outside world. Oracles are the missing link to enable blockchains to unleash their full power and obtain mass adoption. Chainlink has the best vision out there and capable devs who work on this solution for years now. Small market cap of ~$120mio justifies a x100 for such a crucial element in cryptospace. + +x50 IOTA: Building the standard for IOT. It's feeless, one day infinitively scalable and doesn't require energy consuming mining. It will connect the world of machines as no second protocol. Market cap of ~$3bn gives it room to grow significantly in the booming lot markets. + +x10: I wanna say Req but I go with ARK: Ark enables communication between blockchains, which becomes increasingly important given the vast amount of different blockchains out there. Secondly it allows everyone to build their own private blockchain with the simple click of a button. Market cap of ~$200m leaves plenty of room for a x10 at least. +I saw a text of Bittrex user who suffering missing deposit on BITTREX. +My case is more delayed and severe. + +Nine days ago, i made a transaction from Coinone to Bittrex Exchange. +But there is no deposit in my Bittrex wallet and no pending deposit. + +Bittrex Exchange do not solve my problem for 9 days. They do not properly respond to me on twitter, facebook messenger, and support tickets. They replied only automated texts. + +The account explorer shows its perfectly correct. But i cant find my 333230 XRPs, worth more than 300000 USD. What can I do? For 9 days, I just click and click refresh button every seconds. + +It's all about my money. Why this terrible situation happen in my life. It's a nightmare. Someone cheers me XRP price elevating. But i dont have that XRP, now. + +Frankly speaking, I feel some psychotic problem. When i see price up, i feel manic. But when i see my empty wallet, i feel depressed. It has repeated 9 days. I lost my weight 4kgs for 9days. +My mental health is extremely worsening. + +https://imgur.com/a/Qf2rd + +The transaction was successful, and validated in ledger 34982284 on December 13, 2017 12:05 AM. + +TXID D85B54E292EE6B01673DE5A18D15B771D6611E39B64B772003B29B8F66899CF9 + +Address : rPsmHDMkheWZvbAkTA8A9bVnUdadPn7XBK to rPVMhWBsfF9iMXYj3aAzJVkPDTFNSyWdKy. + +Destination tag: 668272229 + +Support ticket #694753 + +UPDATE: + +2017-12-22 +They responded to me, my issue was escalated. +Still, my wallet is empty. + +Thank you for your upvotes and sympathy. +Many redditors worried about my health, thank you. You make me more strong and stable. +These days i could not have enough sleep, i waked up 2 or 3 times in a night to click refresh button of my wallet. +Today, i may sleep well. +I hope i can update with solved problem, tomorrow. + + +2017-12-23 +My wallet is still empty. +Is the employee in USA work on saturday? Probably not. +I wish they go happy X-mas vacation, after credit my deposit. +I'm worried that already they have gone and my concern continuing to X-mas. + +2017-12-24. + +NOT YET. +Someone replied they would be idiots if that money back. +I dont think so, they are not idiots and my money will be back. + +2017-12-27. + +No. Not yet. + +2017-12-28. +At last. My problem was corrected. +Thank you redditors!! : ) + +https://www.cnbc.com/2019/12/15/boeing-considers-halting-or-further-cutting-737-max-production-wsj-reports.html + +The aerospace giant increasingly views a pause in production as the most viable option, according to The Wall Street Journal. + +Boeing’s board is meeting in Chicago on Sunday and a decision could come as soon as Monday. + +FAA chief Steve Dickson told CNBC on Wednesday that the regulator likely wouldn’t clear the 737 Max’s return until some time in 2020, shooting down any hope by Boeing to get the plane back in service by the end of this year. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a 1 day ban. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +I won't have time until next few days to post into my DD about wash trading, which I think it's incredibly relevent for the price we're seeing right now, so I will lay out the skeleton here: + +I propose the missing link to understanding how Citadel is manipulating the price of GME lately, is that they are manipulating the NBBO of GME directly. Quick reminder - the NBBO is the 'waveguide' / 'channel' that all GME trades are required to trade within (due to the Order Protection Rule), except for Odd lots (which can be better than the price). **The NBBO is formed from the best ROUND LOT bids and offers on given exchanges. Odd lots do not affect the NBBO - they are excluded from the calculation.** + +All you need to do to lower the Offer side of the NBBO, is to sell a Round lot, for less than anyone currently is - that's it. Once you keep dragging the Offer side of the NBBO down, this will lower the price too. + +**So what Citadel et al are doing with the left hand, is offering to sell round lots on the public exchange, for less than the current price. This lowers the 'Offer' side of the NBBO. With their right hand, Citadel place Odd lot buy orders in the dark pools / OTC, for slightly higher than what they are selling on the lit exchange - creating an arbitrage opportunity for other parties.** + +**What other parties see from this, is a 'round lot' for sale on the lit exchange for say $179.50, and they see plenty of Odd lot purchases in the dark pools for $180. If they buy the round lot, and then sell it piecewise on the dark pool into Odd lots - they make $50** (if it was 100 shares) + +**Then they do this again, except they go slightly lower price, and again, and again.** + +Crucially, by performing this action repeatedly BOTH sides are committing wash trading (which I should remind - the penalties are hardly severe, and my previous DD possibly implicated Citadel committing wash trading in China). The price difference, is the incentive for a 2nd party to commit wash trading and become complicit in the fraud. + +\[Edit: Note that the Odd lots aspect doesn't require dark pools / OTC. **Odd lots hide the buying pressure, dark pools hide the buyer & seller's identity**\] + +# What evidence would we expect to see? + +**We would see plenty of Odd lot trades in the dark pools / OTC, and they would be slightly higher priced:** + +[https://www.reddit.com/r/Superstonk/comments/n3y2vd/otc\_dark\_pool\_weekly\_data\_for\_329\_latest\_nms\_tier/](https://www.reddit.com/r/Superstonk/comments/n3y2vd/otc_dark_pool_weekly_data_for_329_latest_nms_tier/) + +[https://www.reddit.com/r/Superstonk/comments/mv5kbm/deep\_dive\_into\_dark\_pool\_trading\_how\_they\_might/](https://www.reddit.com/r/Superstonk/comments/mv5kbm/deep_dive_into_dark_pool_trading_how_they_might/) + +Here's the 10th June: FINRA ADF data (a place you can report your dark pool trades to) - 1.7m volume, average trade size 19 shares ( [https://www.reddit.com/r/Superstonk/comments/n9m342/finra\_adf\_today\_with\_the\_highest\_total\_volume\_of/](https://www.reddit.com/r/Superstonk/comments/n9m342/finra_adf_today_with_the_highest_total_volume_of/) ), and their known participants (Jane street, JP Morgan securities: [https://www.finra.org/filing-reporting/adf/participants](https://www.finra.org/filing-reporting/adf/participants) ), we can deduce they are likely involved. + +This ape found Odd lot trades outside the NBBO in dark pools: [https://www.reddit.com/r/Superstonk/comments/n7ahcl/found\_something\_funky\_on\_the\_dark\_pools/](https://www.reddit.com/r/Superstonk/comments/n7ahcl/found_something_funky_on_the_dark_pools/) \[Edit: Dave has commented to the OP of this linked post saying that the NBBO data the OP sourced was perhaps delayed and thus he doubted the conclusion. **However**, even with a delayed NBBO, a measured correlation between Odd lots and the NBBO would not be expected, assuming the price behaves approximately randomly. I.e. **The Autocorrelation of a uniform random process (this approximates short-term stock prices), very quickly drops off to zero**.\] + +Blackrock comments on the Odd lots proposal: [https://www.theice.com/publicdocs/BlackRock\_Odd\_Lot\_Proposal\_December\_3\_2019.pdf](https://www.theice.com/publicdocs/BlackRock_Odd_Lot_Proposal_December_3_2019.pdf) + +We thought months ago it was dark pools hiding the buys, but people such as Dave Lauer showed that this is not true, as all trades need to be reported to the tape. It is the Odd lots that provide the hiding of the buying pressure - they are the secret sauce. Many other apes have indeed found that the dark pools are FULL of GME Odd lots, and one ape even found that they were above the NBBO (although based on imperfect data). + +In summary, I will write this up properly, but it's super relevent today - so I let the skeleton outside :) +MarketWatch published this today: https://www.marketwatch.com/story/many-young-people-shouldnt-save-for-retirement-says-research-based-on-a-nobel-prize-winning-theory-11664562570 + +I am extremely suspicious of this "research". Sounds like the sort of story governments that want to have you by the balls when you're old would push to prevent you from being financially independent. + +It's a mathematical truth that starting saving and investing earlier leads to greater gains later in life and helps you being independent. +Discussion for the day. Free discussion to discuss what your plays are and how your portfolio is doing. + +NEW SUGGESTION: Add your entry, exit and stop loss for the positions. This is a community to learn + +**Downvotes are discouraged. Be friendly.** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +If you are seeking career advancement, I think the single best thing you can do is get along with your manager. Of course, the obvious prerequisite is that you are capable of performing your job to a satisfactory and acceptable standard. But the real "booster" here is having excellent rapport with your manager. In my early days I was promoted twice in a single year just because my manager and I got along really well. + +We were basically friends. After work we would see movies together and hang out with mates on the weekend. He added me on WhatsApp and we would talk all the time about work. We even played Call of Duty one time (Lol, I know) and were talking shit online. + +I know these things sound unprofessional, but I feel that if you just "click" with your manager, your chances of career advancement are just dramatically boosted. + +The quality of my work was average to shit. My manager would even joke PRIVATELY with me about giving me work because I rushed through it, but he was able to push really hard for promotions and pay raises for me. + +And similarly I have worked for places where I have been an absolute machine at pumping out high-quality work, but because my manager did not like me I was constantly put down and denied promotions. + +There are some people who you will inherently not get along with, for whatever reason that may be. Maybe they don't like your demeanor, the way you speak, your background, your culture, your social interests, your personality, etc. If you find that this is your situation, I think it is always worth at least thinking about what you can do to improve that relationship, or if there are other places you can work where you will have better rapport. + +**So yeah. tl;dr get along with your manager -- if you don't, find another workplace where you will. Your wallet will thank you for it.** +I feel like I’m definitely missing something here. Say $6000 is put into my 401k each year, which includes employer match. In 37 years that’s $220,000. + +I don’t see how that’s enough money to retire with, especially since it’s money that’s currently being taken from my paycheck, even if it’s pretax. + +What am I missing? The free money from the employee match is great, but that can’t be the only benefit of a 401k, could it? +37 years old, wife preggo, got denied unemployment (u.s.a), bachelor's degree in business mgmt, usually use reddit just to mess around, but desperately looking for help +Also a veteran +Reading through some of the posts on this subreddit I see a lot of income levels that I'm not sure I'll ever be able to get to...I'm wondering what industry people here work in, and what kind of paths you took to get to where you're at today. For reference I work in cybersecurity +With the fear of delayed paychecks it was eye opening to see/hear coworkers talk about the all taboo topic of money Monday. The number of 30+ year old well educated (and well paid) colleagues that realized they have saved too little and spend too much each month was eye opening. Talks of selling cars and boats if the shutdown continued because “they can’t afford them”. I felt blessed to have been taught by my parents how to save money and to have found this sub. So...thanks guys. +Back in April my manager told me that he will be putting me in for a pay rise at some point this year. I have not received anything in writing or on email. + +He has just told everyone he is leaving in the next two weeks and now I'm thinking he's just been stalling until he leaves to not deal with it. + +What is the best may to approach him about this to ask how it will be handled once he leaves. I assume email would be best so I can start a paper trail at least. + +Thanks +I’m purchasing a 4-unit property in NH for 280k that needs about 100k of work. The house just appraised for 440k in its current condition. It’s currently bringing in $6,000 a month for rent, and all of the work that needs to take place is on the exterior and on the heating system. I will not have the cash to perform the work after I close, which is in 6 days. I am putting 25% down and my interest rate is 7.625%. + +My question is, should I do a cash out refinance immediately and use that cash in equity to perform the repairs or wait a year or two until I can save up the money myself to do the improvements on the exterior and heating system? The heat will most likely still work until then but I would rather replace it sooner than later to avoid a headache. I will be able to save about 100k in cash in the next 2 years on my own. + +Yes I know that I am very fortunate with the purchase price. I am purchasing this property from a family member that wants out of the business and is ready to retire. I have an excellent relationship with her, and 280k is all she needs to meet her magic number so that is why I am getting it for such a discount, as she trusts that I will improve the property significantly under my ownership. This is part of the reason why I am considering the cash out refinance so that I can do the upgrades sooner to make her happy, as it is important to her. + +Thank you in advance! +This is a follow up to [the big chinese ticker scam](https://www.reddit.com/r/Superstonk/comments/wdzaxg/hkd_a_chinese_ticker_2mmonth_revenue_no_history/), which became the highest by-market-crap-on-the-books crime in human history, [as well as another recent ticker scam](https://www.reddit.com/r/Superstonk/comments/whjxvs/80m_to_4_billion_in_1_day_the_magic_of_crime_the/). + +Firstly, good job for staying away from these. MSM did try hard to call them 'mEmE StOcKs'. MSM tried even harder to push innocent investors like you and me into them. These pieces of illicit trash were, and still are, uninvestable. Remain clear of these pump and dumps, they're junk. They are not meme stocks; they'll never be. + +Let's take a look at where things are today: + +&#x200B; + +|Ticker|Book Value a week ago (in Billions of USD)|Book Value today (in Billions of USD)| +|:-|:-|:-| +|HKD|477.00|39.23| +|AMTD|16.70|2.81| +|QRTEB|4.60|1.36| +|LTRPB|0.40|0.15| +|MEGL|4.91|0.25| +|Total:|**504**|**43**| + +&#x200B; + +Let's remember that this criminal balloon was developed beginning July 15th during the GameStop split/dividend process that was defrauded by DTCC into a split. Also remember that Loop Capital, a GameStop short seller who is a stones throw away from Citadel in Chicago, underwrote the major one above. + +These tickers, just last week, were able to be used as **half a Trillion USD** **in collateral** \[for margin requirements\] on the books. **Now down 92% overnight to $43B**, which is less than the margin alert received by Susquehanna. + +Because of this, *I feel that something big is coming*... *Buy GameStop. DRS. Hold. Lock the float.* +^TL;DR ^- ^Sorry, ^no ^can ^do ^on ^this ^one. ^Look ^through ^any ^post ^on ^any ^subreddit ^other ^than ^this ^one ^regarding ^NFTs. ^The ^people ^say ^it’s ^a ^Ponzi ^scheme. ^They ^won’t ^listen ^to ^debate, ^instead, ^the ^mods ^banning ^anyone ^daring ^to ^say ^a ^positive ^word ^about ^the ^technology ^and ^people ^typing ^in ^all ^caps ^to ^‘fuck ^off ^with ^your ^scam’. + +^But ^you ^lot ^of ^dick-riders? ^You ^listen. ^You ^see ^a ^well ^typed ^out ^argument ^with ^sources ^and ^logic, ^and ^you’ll ^give ^it ^a ^read. ^I ^know ^this ^because ^I’m ^one ^of ^you. ^I ^waited ^for ^someone ^smarter ^than ^me ^to ^write ^this ^since ^last ^year ^when ^rumors ^of ^this ^marketplace ^were ^being ^whispered ^by ^the ^prophetic ^apes. + +^But ^no ^one ^did. ^So ^I ^did. ^If ^this ^is ^shit, ^it’s ^this ^whole ^subreddit’s ^fault, ^partially ^because ^no ^one ^capable ^took ^the ^initiative ^and ^mostly ^because ^I’m ^trying ^to ^deflect ^all ^blame. + +^So ^no ^TL;DR ^here ^because ^the ^whole ^point ^is ^you ^should ^know ^the ^details. + +#Background - Skip to ‘Advanced’ if You Have a Good Understanding of Blockchains and NFTs + +So most of you know two things. One, the basics of NFTs. Two, how to rub your nipples the right way to masturbate. + +Incase you live under a bridge and only achieve access to the internet every two years, NFTs are non-fungible tokens. + +Let’s take a step back here. To understand this, you need to know what a token is (non-fungible simply means non-replaceable, or completely unique). To know what a token is, you need to take a step back, like how you had to analyze your ancestral lineage when you tried to figure out why a god would create something as miserable as you. + +So a token is simply a digital asset being built and traded on a blockchain. + +Blockchains are decentralized (meaning it it isn’t owned by any one entity and therefore out of everyone’s authority) open-to-the-public ledgers. They store records of transactions on a vast distribution of computers so the record can’t be changed (as no one has the ability to do so). + +Ethereum, aka the chosen blockchain of GameStop, aka Mr Steal Yo Girl (ethereum is so much more secure than any bullshit sidechain), is, in my opinion, the crème de la crème (yeah I used google to spell that, fuck you). + +So a NFT is simply a unique token built on ethereum. They can be traded, and they can store data. + +Are you seeing possibilities like when you stood frozen at the mall watching the crowd, thinking any one of those men could be your father? You should be. + +They can provide proof, and the safety, of digital ownership. + +[Ubisoft deletes accounts.](https://www.nme.com/news/gaming-news/ubisoft-may-delete-accounts-if-inactive-for-six-months-under-gdpr-3121613). Thanks Ubisoft, for being the dick-shit villain we needed to prove that this is a real possibility. + +When you buy a digital asset, you don’t own that asset. Buy a movie on iTunes. Can you send that movie to a friend? Can you resell it like you could with a dvd? Nope. Because Apple owns it. You’re just licensing it from them, despite ‘buying’ it. + +When you buy a basketball at Walmart, then don’t play for 6 months, does Walmart show up and take the basketball back? Of course not! Why? Because it’s theft! You paid for it. You own it. + +Why should digital assets be any different? After all, you paid for it. But you don’t own it. + +Just like that prostitute you were belligerently drunk with. + +With NFT technology, a game developer can mint their in-game item (which just means to add a specific item to a blockchain) and now the buyer truly owns it, much like young teens own you in [Call of Duty Vantage](https://mobile.twitter.com/gmedd/status/1466421103476322318). + +#Advanced + +What does true ownership mean? + +These tokens can be stored in a wallet. That means if you buy an NFT, you can leave any specific exchange and hold it in a decentralized wallet. + +A company can’t simply choose to delete your property because they don’t have the ability. + +That’s one benefit of true ownership. Another, in my opinion, more important benefit is their tradability. You can give a digital movie to a friend or rent it out or sell it. + +Imagine if you spent hundreds on Hearthstone. Then one day a paladin “hello”’s you and quit the game. In non-NFT games, you just wasted all that money. + +Imagine how it would be if Hearthstone minted their cards. + +Imagine you’re loved. + +You can sell your collection to a noob as you leave, getting value for the cards you rightfully own. And someone else will get cards for a deal. It’s a win-win. + +Another big benefit of the unique mint codes is that it would cut all piracy of online games that use this technology to mint and sell their full games as NFTs. It would be as simple as allowing only approved game copy mints to connect. + +The unique codes can also be used by luxury brand companies to give unique mint numbers proof of ownership. You think they wouldn’t want something as ironclad and cheap as that? Not when the industry as a whole lost [$323 billion](https://fashionunited.uk/news/fashion/global-counterfeiting-costs-luxury-brands-billions-of-dollars/2018051929734?amp=1 ) to counterfeiting in 2017. + +GameStop NFT is on layer two. That means that rather than paying ethereum’s $20-$40 gas fee, minting or buying and selling NFTs cost a dollar or less, without sacrificing ethereum’s godly security. + +This greatly reduces the cost of every transaction and now it’s feasible to trade low value items. This is why GameStop took so long. They posted in their job applications that they’re in the cutting edge of technology and this is what they were talking about. Cheap ethereum trading is a huge key to mass adoption. And GameStop is first to market with it. + +Here’s why they invented a new method. + +The opportunity to become a tech giant. + +GameStop NFT is onboarding every NFT from IMX minted games to its marketplace. Immutable X paid GameStop 150 million usd (in their IMX token). IMX is the token for the company Immutable X, who gives grants in the form of tokens to game developers and help them mint on their network. + +In exchange, Immutable X gets a much bigger market which is great for them as they make 2% of every transaction’s purchase price on their protocol, [according to their whitepaper](https://support.immutable.com/hc/en-us/articles/4405227590799-Immutable-X-Whitepaper). Of that, 0.40% goes to the IMX token as buy pressure if the transaction isn’t done in IMX and GameStop NFT seems to use ethereum only. That means every $100 traded anywhere in IMX’s vast selection of game IP’s puts 40 cents of buy pressure on IMX. + +That usage of the 40 cents will be decided by an upcoming DAO, but staking is likely. + +The entire marketplace is built on Loopring’s protocol for their superior L2 solution. Loopring is a non-profit so they take a much smaller chunk of each transaction, 0.23%. Of that, 10%, or 0.023% of the total transaction is spent to buy LRC in the open market. The team indicated on twitter a few days ago that they are making changes to the tokenomics. + +The great thing about LRC’s fee is the buy pressure can be voted by a DAO to burn it. This will forever reduce supply and therefore boost the value of existing tokens. It’s called deflationary, and it’s a rare investing opportunity. + +Loopring may have a smaller piece of the pie, but they have a lot more pie. + +Yes, GameStop worked so hard to make low value in-game items allowed to be cheap, but they’re not stupid. They see the opportunity for a much faster, safer, and cheaper alternative to OpenSea. + +January 2022, OpenSea had 5 billion USD in volume. + +Even though GameStop has a rabid fanbase and is working on a much lower gas fee, let’s say they sell the same amount. 5 billion times 12 is 60 billion. 0.023% of 60 billion is $138,000,000. That’s the yearly buy pressure on LRC assuming OpenSea’s volume. And no growth in users. + +OpenSea takes 2.5% of every transaction. Let’s assume the same again. + +GameStop would make 1.5 billion of extra annual revenue from this. + +GameStop, under chairman Cohen, raised annual revenue from 5 to 6 billion, a very impressive increase in one year. + +Are you reading for it to fly? + +This is all assuming OpenSea’s numbers. + +Personally, I believe OpenSea will be left in the dust and GameStop will have revenue over two billion a year at the end of 2023. Double or triple by the next year and multiplying again as mass adoption begins and people realize the benefits. + +#The FUD (and my counter to it) + +This section is some arguments from one guy because I’ve tried to engage anti-NFT sentiment a number of times, each time resulting in frustration. Most of the arguments are ones I made myself, because I never get a chance to hear actual logical arguments against NFTs. + +The first guy is the only one that I was able to get into a good conversation with as we debated (well I debated, he mostly caps-lock spammed that NFTs are a pyramid scheme) before the thread was deleted I was promptly banned for life. + +The subreddit was DCComics and I made a thread about DC Cards, a new card game that featured NFT versions of each card (minted on IMX, which means it’ll be tradable on GameStop NFT). The comment I originally replied to was “Get the fuck out of here, all NFTs are fucking scams!” + +I reasonably argued my logical points while that rabies-infested animal slavered on about what a dumbass I was. I got banned for life. + +My point of telling this is to illustrate the state of misinformation about NFTs. [FandomSpot](https://tokengamer.io/study-finds-69-of-gamers-hate-nfts-but-only-12-understand-them/?external=1) did a survey and found that 69% of gamers hate NFTs, but only 12% understand them. The researchers admit that the 12% is likely over-inflated. + +That’s why it’s necessary, in my opinion, to include this section. + + +^NFTs ^are ^a ^scam. ^Look ^at ^how ^much ^*Bored ^Apes* ^are ^selling ^for ^and ^tell ^me ^that’s ^legit. + +Remember way back, all those sentences ago, when I mentioned NFTs being minted? That’s very important because there is a known, public number attached to that minting. This number is traceable. Originals stay original, and provably so. A thing previously unknown to the digital world. + +That means digital art is now collectible, just as physical art is. You can own original digital art and prove it. What other outcome could there be other than some of that art being sold for more than you’re comfortable with? That’s what happens, especially with collectibles like the *Bored Apes* collection is. + +I don’t understand how high prices make them a scam. Is your mother a scammer just because she charges more than the other girls? No. The market found a price and this collection, for whatever reason, was chosen as the *one*. + +^NFTs ^are ^a ^Ponzi ^scheme/ ^pyramid ^scheme + +This one is the one that was type-yelled at me. It’s very weak, I feel bad for including it, but what can I do. It was used. + +A Ponzi scheme is when someone lures investors in with huge profits that they secretly pay for with the money of future investors, never really investing the money and pocketing the left overs. + +? + +I don’t see the relation at all. I’m guessing they’re thinking some shadow group is pumping up the market by trading their NFTs to themselves for more and more ethereum? + +If that’s it, it’s preposterous (I never used this word in a serious context before). For one, each sale would be taxed 25% by the government. Two, a 2.5% royalty goes to the minter of the *Bored Apes*. Three, they’d lose a bunch of ethereum on gas fees since they trade on L1. + +^What’s ^so ^special ^about ^NFTs? ^Valve ^has ^been ^doing ^this ^for ^years. + +First, no they haven’t. If valve decides to delete your account, or goes out of business, you just lost access to all the games you think you own. Game copies as NFTs means you can hold it in a wallet. + +Second, the reskin market is in only a few games because it’s an insane amount of coding that only a big game studio can do. + +Diablo 3 famously had the in game auction house. + +NFTs aren’t doing the impossible, they’re just making it accessible (while also providing many other benefits). When you mint with IMX, it’s as easy as plug and play. Just like your dildo. Small and mid-size developer studios will want to take advantage of this just due to the fact it will keep a player base loyal to see a real world value to their playtime. + +^Why ^do ^we ^need ^another ^world-killing ^carbon ^disaster? + +Remember that part about Immutable X being carbon neutral? That shit isn’t by planting trees to earn credit for offsetting like every big company does. Immutable has brought the impact down to a small fraction of what it is on L1. + +>On Immutable X, we’ve minted 8 million NFT cards with only ~1,030kWh = 844 kg CO2. That’s 475,000 times less energy consumption. + +>To put this in perspective a one-way flight from LAX to NYC is 807 kWh = 662 kg CO2. + +> ^- ^[SOURCE](https://immutablex.medium.com/immutable-x-is-making-nfts-carbon-neutral-on-ethereum-620dd0be08ae) + +^Immutable ^X ^diluted ^the ^token ^pool ^right ^when ^the ^partnership ^announced. ^Pump ^and ^dump. + +This is wrong. Robbie Ferguson (co-founder of Immutable X) confirmed it himself: [“… the only circulating supply increase has been from the planned for tokens allocated to GameStop.”](https://youtube.com/clip/Ugkx0g9IUWhBv0Y-w3hKNBhrd6u3zKIRkywt) + +In addition, many threads exist that show wallet transactions proving GameStop dumped their 37 million IMX payment. + +I don’t know if it’s against some law to hold an investment then announce and launch a joint-product or if Ryan Cohen just wants more cash on hand for his devious plans. Whatever the case, GameStop dumped, not IMX. And this is simply how IMX pays. They give grants to game makers in exchange to mint with them. The game developers sell the tokens and use the fiat to hire new people. +How many people here actually understand how forex works? I’ve been studying trading for several months now but just recently came to realize how much I don’t actually understand in regards as to how it all comes together. I get the fundamentals, as in how something drops in value or rises in value etc, but what exact role do banks, hedge funds, and general external institutions play in the markets behavior? What does “liquidity” have to do with it? +👅 TasteNFT 👅 + +Enjoy the TASTE. +A static liquidity protocol with a purpose. +Join our fast growing community empowering creators of exclusive NFT artwork with sensual Taste! + +The NFT marketplace release ETA is in the 3rd week of June 21. We also managed to get listed on CoinGecko within 12 hours after release, got the logo on PancakeSwap, Poocoin and Trust Wallet 14 hours after release, got our first CEX listing with Coinsbit within 5 days after release. + +💳 Contract: 0xdb238123939637d65a03e4b2b485650b4f9d91cb +💵 Buy on Pancake v2: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xdb238123939637d65a03e4b2b485650b4f9d91cb](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xdb238123939637d65a03e4b2b485650b4f9d91cb) +🔒 Liquidity locked for 5 Years: [https://dxsale.app/app/pages/dxlockview?id=1091&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=1091&add=0&type=lpdefi&chain=BSC) +🔒 Marketing wallet locked, unlocks 10% each week: [https://dxsale.app/app/pages/dxlockview?id=0&add=0x9987605c8741d945098D7D6ba30bC41ACc1B821e&type=tokenlock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0x9987605c8741d945098D7D6ba30bC41ACc1B821e&type=tokenlock&chain=BSC) + +📣 LINKS: +➡️ Website: [https://tastenfts.com](https://tastenfts.com/) +➡️ Telegram: [https://t.me/TasteNFT](https://t.me/TasteNFT) +➡️ Medium article: [https://medium.com/@4383ab48c480/ad357e0f39c3](https://medium.com/@4383ab48c480/ad357e0f39c3?sk=) +➡️ CoinGecko: [https://www.coingecko.com/en/coins/tastenft](https://www.coingecko.com/en/coins/tastenft) +➡️ Reddit: [https://www.reddit.com/r/tastenft](https://www.reddit.com/r/tastenft) +➡️ Twitter: [https://twitter.com/tastenft](https://twitter.com/tastenft) +➡️ Instagram: [https://www.instagram.com/tastenft/](https://www.instagram.com/tastenft/) + +💎 ROADMAP 2021: +✅ Paid CERTIK audit ([https://www.certik.org/projects/taste](https://www.certik.org/projects/taste)) +✅ Paid TechRate audit done ([https://github.com/TechRate/Smart-Contract-Audits/blob/main/TasteNFT%20Full%20Smart%20Contract%20Security%20Audit.pdf](https://github.com/TechRate/Smart-Contract-Audits/blob/main/TasteNFT%20Full%20Smart%20Contract%20Security%20Audit.pdf)) +✅ CoinGecko Listing done +✅ Coinsbit Listing done +✅ Logo on PancakeSwap done +✅ Logo on Trust Wallet done +✅ Logo on Poo done +✅ First exclusive NFT airdrop for Nude Art started (participation rules in the TG group) +✅ Twitter giveaways with influencers (3 done, more to come) + +🟢 NFT Marketplace release (in progress, 3rd week of June 21) +🟢 iOS/Android Application to interact with the NFT marketplace (in progress) +🟢 CoinMarketCap listing (in progress) +🟢 [Gate.io](https://gate.io/) listing (in progress) +🟢 Cooperation with Crypto YouTubers (in progress) +🟢 Cooperation with Crypto TikTokers (in progress) +🟢 Cooperation with Crypto Instagrammers (in progress) + +✍️ TOKENOMICS: + +SUPPLY +1 Quadrillion TASTE tokens + +BURN +We burned 300 Trillion tokens before Presale + +TAXES +10% tax on all transactions with a redistribution of 5% to all holders and 5% towards liquidity + +MARKETING +52 Trillion tokens have been allocated towards Marketing and locked before Presale. 10% are released per week. + +PANKCAKESWAP LP +Locked for 5 years ([https://dxsale.app/app/pages/dxlockview?id=1091&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=1091&add=0&type=lpdefi&chain=BSC)) + +Enjoy the TASTE! +https://finance.yahoo.com/news/these-managers-earning-over-100000-will-lose-their-jobs-next-in-coronavirus-recession-195541040.html + +Recent job cut announcements by companies clearly indicate, however, that more white-collar jobs are on the chopping block. + +“When you see layoffs in management and corporate jobs, it’s a pure indicator of the economic impact of the recession, rather than just the lockdown, since many of these jobs can be done from home and they aren’t necessarily impacted by the lockdown orders,” said Glassdoor senior economist Daniel Zhao. “It’s an indicator that there’s a traditional recession happening beneath the surface of this public health crisis.” + +“The timing [of ongoing layoffs] is demonstrative here. The fact that these layoffs are happening now indicate that companies are revising expectations of how quickly we can return to economic normal,” said Zhao. “ It’s a sign of...some increasing pessimism about the rate of the recovery.” +I've seen shills doubting the 10M floor, and the only argument they give is that DFV cannot be a trillionaire, that it's too much money, that the economy, and so on. + +No DD, no research, no nothing. That's the main argument: it has never happened before. + +So what? Reality is something we make as humanity, and history is written day after day. And things happen and life goes on. Crash happens, war happens, a bloody pandemic happens, billionaires happen and trillionaires will happen. + +The same people telling you now that 10M is ridiculous thought that BTC at 60k was ridiculous when it costed pennies. + +So, don't let anyone tell you that your floor is unrealistic and stupid, don't let anyone tell you what's possible and what's not. Do your own DD and make your own decisions. I don't know how high this will go, but I know that history is full of one-time events. + +People that have changed the world have never put limits on possible outcomes, dear Apes. + +I'm ready to hold for my 10 million floor, bring it on, and I don't care what shills say. If it's not against the laws of physics, for me it's possible and realistic. It's already mathematically realistic anyway. + +👊🏻 I choose to HODL 🚀 + +EDIT: for people thinking I'm talking about rensole, of course not! He's one of the best around, and all apekind are grateful for his free work and dedication. I'm talking about the ones saying people believing in high prices are irrational and stupid, and that it's just impossible, as that's a fact because it seems they're time travelers, I guess. I've seen many these days and that's why I share this opinion, not as a DD. +I’ve been scouring YouTube for people that day trade live consistently. + +Whether they’re legitimate or not is beyond me, but here’s a list of individuals and groups that consistently day trade live on YouTube: + +1. TraderTV Live +2. Trades by Matt +3. Patrick Wieland +4. Meir Barak + +Do y’all know of any others? + +*Updated List: +1. TraderTV Live +2. Trades by Matt +3. Patrick Wieland +4. Meir Barak +5. Stock Market Live +6. Byebyemoney +7. StockJock (Twitch) +8. Day Trader Next Door +9. Andy’s At The Money +10. Weenie Trades Live +11. American Dream Trading +12. Options Millionaire +13. Raja Banks +Smart Beta: An Approach to Leveraged, Market Neutral Long-Short Strategies + +*Background: I have been reading this sub for a while and impressed with some of the experience here, so I wanted to share a (probably way too long) project i am working on in the hopes of getting some helpful feedback. I am a current MBA student at a top 10 program. I have no industry experience within finance, aside from an account with an investment manager and a few years of lurking on WSB. Over the past year, I have gotten more interested in automated trading strategies and have been researching and ideating different approaches. The strategy I am outlining below seems to be promising, though I am not sure if the real world results will line up with the expected return.* *Any feedback is hugely appreciated,* *I am trying to master some basic strategies before moving on to more complex approaches. I welcome people poking holes in this - I am considering funding an account with my savings and see if the first quarter returns track with my predictions.* + +*Disclaimer: I have not gotten to the programming/implementation phase yet where this would be input into a quant program, this is just an outline of what the strategy would look like. I am interested in the quant side of things as a way to automate this process, and run numerous different tests and iterations of assets and scenarios in order to increase its accuracy.* + +1. Overview + +In the MBA program I am taking, a number of market strategies are outlined in our classes - well known academic approaches including CAPM, Fama-French, Sharpe Ratios, Efficient Frontier, and Applied Linear Regression. These concepts are all compelling, and I have been thinking about ways in which to combine them all into a rules-based approach which reduces risk while outperforming the market benchmark. One promising way to do this, in my opinion, is through a “smart beta” approach which would look to achieve better risk-adjusted returns to the market-cap weighted strategies of passive investing. Plenty of research has already been done on this topic relating to factor weighting and semi-active investing, including Lo ([Can Hedge Fund Strategies Be Replicated?](https://alo.mit.edu/wp-content/uploads/2015/06/CanHFReturnsReplicated2007.pdf)) and Asness ([Buffett’s Alpha](https://www.nber.org/system/files/working_papers/w19681/w19681.pdf)). + +Exhibit 1 - Smart Beta Illustration + +&#x200B; + +https://preview.redd.it/sxws0mvlah661.jpg?width=1280&format=pjpg&auto=webp&s=f2d9bfa4f98dd7c883b50f10169a85276e9992fe + +I wanted to test these theories, to see if they could be applied to a “total market” portfolio with exposure to major sectors, indices, and factors which drive the market, but are more carefully selected than a buy-and-hold the S&P approach that an average retail investor might take. In fact, Smart Beta approaches have been claimed to be more successful when applied to a broader set of assets and asset classes ([*AI-CIO*](https://www.ai-cio.com/news/how-to-implement-smart-beta-strategies/)*).* In order to do this, I have run through the following steps and come up with what seems to be, on paper, a way to accomplish this. It includes elements of Portfolio Optimization/Efficient Frontier, CAPM and Fama-French, Linear Regression Predictions, and careful use of Leverage. Below, I lay out my steps and initial results. + +&#x200B; + +https://preview.redd.it/5datrhrmah661.jpg?width=1280&format=pjpg&auto=webp&s=db7ab41acdf9ab87eeaf07079d0bbca8e0d344c9 + +1. Portfolio Selection + +Since I want to test whether these academic theories provide value in the broadest sense, I attempted to create a highly diversified portfolio, reflective of large portions of the market, which can still outperform the benchmark through careful selection and risk management. To do so, I chose only ETFs which have one of the following elements: 1) represent a broad market sector 2) have outperformed the market recently 3) are Factor-based on the traditional high-performing factors (which are known to be: small cap, momentum, value, quality). + +After reviewing historical performance, and removing those selections which would not have significant weight in the efficient frontier portfolio, I selected the following list of ETFs: HYG (High yield corporate bond); QUAL (Quality factor); MTUM (Momentum factor); DGRO (Dividend growth); FXI (China large cap); ACWF (MSCI multifactor); ARKK (ARK innovation); QYLD (Nasdaq covered call ETF); XT (Exponential technologies); IYH (US healthcare); SOXX (Semiconductor); SKYY (Cloud computing); MNA (Merger arbitrage); BTC (Bitcoin); XLF (Financial Services). + +Next, I pulled historical price data from Yahoo. I chose the timeframe of monthly returns from 2016-current. This is because certain ETFs only go back that far, and I figured this was enough data points (55) through diverse enough market conditions (bull market, trade war, Covid, etc.) to be valid. Then, I calculated the monthly return for each month for each ticker, and created a grid for each ticker with the key information I am seeking: Average Monthly Return, Average Annualized Return, Annualized Volatility, and the Sharpe Ratio. + +**Exhibit 2** \- Monthly and Annual Returns, Volatility, and Sharpe Ratio + +&#x200B; + +https://preview.redd.it/1sl58kdoah661.jpg?width=1280&format=pjpg&auto=webp&s=80e04e5c6479871fc878f8d83b5837081d937098 + +I also calculated the same data points for what we’ll use as the Benchmark (IVV = S&P500 Index), which came out to: Average Yearly Return: 15%, Average Monthly Volatility: 4.5%, Yearly Volatility: 15.5% and Sharpe Ratio: 0.97. + +1. Optimal Portfolio Calculation + +As we know, buying and holding any portfolio at an indiscriminate, or market-cap, weighting is not necessarily the key to achieving optimal returns. So, next I attempted to construct a portfolio with the proper weighting with the goal of maximizing returns and decreasing volatility (i.e. achieving the highest Sharpe Ratio possible). + +For this step, I created a grid of the average Expected Excess Return (annual return minus the Risk Free Rate (1 year Treasury)) for each ticker, and the average annual volatility. I also created a blank chart with a weighting percentage for each ticker, which I left blank for now. Next, I created the formula for the total portfolio expected return: + +*(Ticker 1 exp return \* ticker 1 weight) + (Ticker 2 exp return \* ticker 2 weight) … + (Ticker t return \* ticker t weight)* + +And the total portfolio Volatility: + +*SQRT (Ticker 1 volatility\^2 \* Ticker 1 weight \^2) + …. + (Ticker t volatility\^2 \* Ticker t weight\^2)* + +And finally the Sharpe Ratio: + +*Portfolio Exp Return / Portfolio Volatility.* + +Now, the weights are blank but the formulas are ready to go. I then use the Excel data analysis add-in SOLVER to run through every possible combination of weights in order to achieve the maximum potential value in the Sharpe Ratio cell. + +**Exhibit 3** \- Optimal Portfolio Solver + +&#x200B; + +https://preview.redd.it/q2g78kgqah661.jpg?width=1280&format=pjpg&auto=webp&s=74feed56101450ec2c835702ab5fef815acdba0b + +I was surprised and excited to see an output with an extremely high Sharpe ratio - 3.77 compared to the Benchmark 0.96. (*I’ll come back to this later, as the other way I calculated the Sharpe Ratio later on is much lower, though still higher than the benchmark.*) + +1. Leverage / MVE Portfolio + +So, now we have the optimal weights, but can we do better? One way to potentially increase returns is through the use of leverage. So we can include the use of leverage (standard 2x) in our portfolio by doubling the weights (e.g. 21.2% weight instead of 10.6 on HYG, for example), or, alternatively, using a Weight on MVE formula based on the investor’s level of risk aversion. + +I am also looking into short selling risk free rate equivalents (SHV, NEAR, BIL) to further increase leverage. + +*Output of the expected MVE / leveraged portfolio are: Expected yearly return ; Expected yearly* + +*volatility, Sharpe Ratio* + +The addition of the MVE portfolio with leverage increased returns over the Benchmark by 88%. + +Ultimately, the increased leverage increases the volatility significantly, which is why the MVE portfolio has a much lower (1.34) Sharpe ratio compared to the Optimal Portfolio calculated by Solver (3.77). + +1. Factor Analysis - CAPM and Fama-French 4 Factor + +I ran a CAPM and Fama French analysis to determine the Alpha, Beta, and factor-weighting of the portfolio. The analysis runs a regression on the following historical performance factors: Size (Small minus big), Value (High book to market minus low), and Momentum (Up minus Down). The CAPM Beta was 0.81, and the Alpha was 0.004, consistent with a low Beta, market neutral approach. In the Fama French model, we got a high weighting on Momentum Factors, and minor positive weighting on Value and Size. The Beta was even lower in the Fama French, further justifying our approach. + +**Exhibit 4** \- Factor weighting + +&#x200B; + +https://preview.redd.it/xbifnarsah661.jpg?width=1280&format=pjpg&auto=webp&s=46413d6cd16ff68f553719e1ce3bef58261a6ec1 + +1. Regression analysis - Colinearity + +In order to try to supercharge our returns - I aim to build a predictive regression model to help determine optimal bet sizing and direction. To do this, we need to find the proper coefficients from which to build this model. I took the following steps to do this. First, create a correlation matrix of the our portfolio against the components individually. + +**Exhibit 5** \- Correlation matrix + +&#x200B; + +https://preview.redd.it/j2tmvq4uah661.jpg?width=1280&format=pjpg&auto=webp&s=5e26c87ea8fe81a300ed0ecbbf2948da9b5396d4 + +We aim to remove all the highest correlated assets, which are plentiful. To test this further, we’ll also run a full regression across the portfolio and its components. The output is not helpful, with an R-squared of 1, indicating it is likely not of value. We can also compute the Variance Inflation Factor (VIF) of each asset, removing those with a value over 5. This leaves us with three non-correlated assets - FXI, BTC and MNA. The regression on these assets are consistent with our expectations, though not large enough to indicate a sure relationship. The R square is low, with a value of .49. But the P-Values are consistently low as well, and the Mean VIF has been reduced to 1.15, from 13.3. + +**Exhibit 6** \- Regression output - FXI, BTC, MNA + +&#x200B; + +https://preview.redd.it/4gd7yd6vah661.jpg?width=1280&format=pjpg&auto=webp&s=0e391145e02fe02d67b21be1c826940494328b5c + +This left me with what I thought would be an OK starting point of coefficients from which to create the predictive regression model. + +1. Long - Short Portfolio Construction + +So how can we do better? + +By using linear regression to predict estimates of next months return, and then go long positive predictions and short negative predictions. You want the Mean Square Error of the predictions to be low, but ultimately you just care more about whether it was directionally correct, not necessarily by how much. This is another way to increase the level of returns. + +Divide data into training and testing sets + +Regress expected monthly returns on your non-correlated returns over different time horizons. For this test, I chose timeframes that I felt could be leading short term indicators, from 1-3 months. Use the output coefficients to test the regression on the testing data set. For each month, use the coefficients to calculate the Predicted Return, the Long/Short signal, the Long/Short % return, and the Prediction Error. + +Of the 55 months, it correctly predicted the direction 42 of 55 months, including predictions to go short in Feb and March 2020, and flip to long by May. + +The addition of the Long/Short prediction increased the portfolios returns of the MVE portfolio further by an additional 72%. + +**Exhibit 7 - Comparative returns - SP500, MVE Portfolio, Long/Short MVE Portfolio** + +&#x200B; + +https://preview.redd.it/1uzdlyawah661.jpg?width=1280&format=pjpg&auto=webp&s=a0a2f79f89572716fb8626bca61c433755393fbb + +In order to risk manage and maintain the optimal weight - i will rerun the optimal weighting every month or every quarter. + +So, this is where I am at. And frankly, it seems overly optimistic. Where am I going wrong, what am I missing? + +Feedback appreciated. +Full credit to: u/Conscious_Diamond535 who doesn’t have enough karma to post here. Go give his original posts the focus/credit they deserve. + +......................................................................... + + +Force your shitty broker to prove that they bought your GME shares in one simple step. + +TL;DR: US securities laws require that brokers give you **the name of the person that they bought your shares from**, and + +They must give you the name of the broker that they bought your shares from, and + +They must tell you the exchange that they bought your shares on, and + +They must tell you if they acted as agent or principal (internalized trade, or not) + +All you have to do is ask them! (email template below) + +Find out once and for all if you own a GME IOU or a real share. It is important to find out before moon (or a RICO case against the criminals), so that brokers cannot simply unwind or delete your GME shares. Almost all Apes in any country can do this. + +Caution: if you do this, your broker’s head might explode! + +I have PublicFreakout worthy recordings of various managers, traders, and other reps at my broker when I probe their sensitive bits. Although doing this by phone is endlessly amusing, it is common sense not to piss your broker off too much before you deliver the death blow. For this reason, I have provided a template below. I am not a lawyer and this is definitely not legal or financial advice. Use anything in this post at your own risk. + +Note: DRS is still the way. + +US securities laws are well defined and have various safe guards in place to protect investors from securities counterfeiting and specifically allow Apes to get this counter party info for that reason. You will find some of these legal protections in + +[US Code of Federal Regulations Title 17 - CHAPTER II - PART 240 - SECURITIES EXCHANGE ACT OF 1934 Subpart A - Rules and Regulations - Manipulative and Deceptive Devices and Contrivances.](https://www.law.cornell.edu/cfr/text/17/240.10b-10) + +Most countries' security regulators have a very similar set of rules for their markets. For example, trades on Canadian markets are regulated by IIROC and so you can demand most of this same info under [IIROC Rule 3816](https://www.iiroc.ca/rules-and-enforcement/iiroc-rules/3000/3816-trade-confirmations) when you buy securities on Canadian markets. + +All you need to do to get this info is to request it in writing. + +Just modify the template below with your shitty broker's name and your account info. Where it says “Ape”, change that to your name. Then email it to your shitty broker. + +If they refuse just email the letter to their complaint resolution team and make an SEC complaint at the same time. Remember that brokers may be violating securities laws each and every time they refuse, so document everything and pass it on to the SEC and your own country's security regulator. Make some noise you filthy Apes! + +When client regulatory complaints on any topic surpass a threshold, the SEC is required to review the nature of the complaints and seek resolutions. Apes can easily bring this matter to Gary's attention. + +You may or may not want to request all of this info about your GME buys. Brokers are required to provide all the info, but the less you ask for the more difficult it is for them to justify refusing. Take out anything that you don't care about. Conversely, you can usually also demand more info than this if you poke around on your trade confirmations and TOS and find something like this to add to the template: + +Additionally, I request the name of the dealer and market for these transactions as prescribed under the "Important Information" section of my online trade confirmations from \\\[BROKER NAME\\\]. + +Here is a sample template for your copy pasta pleasure: + +Attention: **BROKER NAME** + +I am hereby making a written request for trade confirmation data, specifically in regard to the trades where **BROKER NAME** has purchased GME for me in my **ACCOUNT TYPE – ACCOUNT NUMBER** while acting as agent in those trades upon a US market. BROKER NAME has indicated in my online trade confirmation statements that they acted as agent in all of my GME purchases. + +Specifically I am requesting that **BROKER NAME**, in regard to these GME purchases provide me with, at a minimum, the following information in writing within fifteen days as per **BROKER NAME**'s regulatory obligations to me under US Code of Federal Regulations Title 17 § 240.10b-10 - Confirmation of transactions: + +\-The date and time of each transaction and the identity, price, and number of shares or units (or principal amount) of GME purchased. + +\-The name of the person from whom the GME security was purchased. + +\-The amount of any remuneration received or to be received by the broker from me in connection with the transaction unless remuneration paid by me was determined pursuant to written agreement with me, otherwise than on a transaction basis. + +\-A statement whether payment for order flow is received by the broker or dealer for transactions in such securities. + +\-The source and amount of any other remuneration received or to be received by the broker in connection with the transaction. + +**BROKER NAME** has substantive regulatory obligations regarding fair dealing with clients. If **BROKER NAME** finds cause to reject my request, then I further request that **BROKER NAME** provide such statements rejecting my request to me in writing, within fifteen days, referencing the specific statutes, laws, and/or rules that **BROKER NAME** believes are sufficient to outweigh my rights as a customer of a regulated broker that is making trades on my behalf upon a regulated market. If, as a retail investor, I am misinformed about which specific regulatory authority or laws are governing the aforementioned transactions, then I will rely on **BROKER NAME** to act in good faith and provide me with a list of the regulatory entities and governing laws and/or rules whose protections I am entitled to. + +Please confirm that you have received my written request and that it will be forwarded to the appropriate department or individual for resolution. Thank you in advance for your assistance in successfully resolving this matter. + +Sincerely, + +Ape + +TL;DR: DRS. 🚀 🚀 🚀 + +Not legal or financial advice. Do your own research and come to your own conclusions. Seek professional advice from qualified legal and financial experts. Be excellent to each other. + +Please cross post this wherever you want. +As stated above, I'm 27. Lived in an apartment for 3 years as of May when the lease is up. + +Just paid off my car (7500 left, 2015 Honda covic with 70k so should be set for a few years) only debt left is 2400 school loan, which is frozen and I will pay when it isn't anymore, and about 5 years at 220 a month on another school loan. I pay this right to my mom as it is tied in home equity refinance, so paying that off early isn't really a simple solution. + +I have about 10k in savings after the car and small school loan are gone, and 7k in 401k. I make about 65k a year as an accountant, so should only go slightly up from here. Just normal phone bills electric 600 rent besides the above, no crazy spending habits or anything. + +I want a house bad. I hate apartments. I think with the first time home buyers help, id be able to make 10k down payment or so and cover closing costs. Obviously I'll save a few thousand before May, but any advice on swinging this house and making it happen without going completely broke? + +Or am I too ambitious and need to wait a year? I might have a buddy or my uncle rent a room to help. Talk to me my financial geniuses of reddit! +This morning marked the end of a long and frustrating saga involving Ally bank's Bill Pay feature. Let me preface by saying that I've been a customer for 10 years now and this is the first issue I've had, but it was a doozy! + +I'd been using Ally's bill pay feature to pay our kids' preschool each month and, until last October, everything had been going smoothly. That's when we received notice that the school had never received our October payment of nearly $600, despite it having cleared our account via bill pay. + +For those of you unfamiliar with how it works, Ally debits your bank account on the date they *believe* the check will be delivered, not the date it clears. This money goes to a third party, Northern Trust, who actually cuts the check and then mails it out. In our case, the check was intercepted in the mail and cashed by an unknown person, so the money never made it to the school. Per the check image, no one ever endorsed it, but they were able to clear it nonetheless. A dispute was filed and the police got involved because apparently this is a thing that's been happening up and down the East coast with checks mailed to schools. + +Now with a brick and mortar bank, this would've been resolved pretty quickly and you'd get your money back in maybe a week or two. Not so here since a third party was involved. After calling and emailing every two weeks for a status update, which they were less than helpful in providing, we got our money back today, 127 days after filing our dispute. Fortunately we were able to float the loss of the money for that time, but it could easily cause a lot of problems for someone who couldn't and it illustrates the importance of keeping an emergency fund. Please be careful when using bill pay and know that this is a possibility and you'd never know until your payee made you aware. + +TLDR: Our Ally Bill Pay check mailed to our kids' school was intercepted and cashed. It took Ally 127 days to restore the funds after filing a dispute. Careful out there, everyone! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hello all. + +I am no expert nor do I claim to know where things are going. But I am surprised that markets turned around so quickly again. I mean nothing changed. Ukraine is still a war zone, even Taiwan became more precarious after Pelosi showed up, inflation is still pretty high, a recession seems real and the Fed has raised the interest rates. + +So did the markets forget about all of this? What has changed? I don’t get it. + +I am interested in your opinion and appreciate your time to share. + +Thanks. +**All the tactics Hedge funds are using to crash GME prices were revealed as far back as 2014 in this article:** + +[Anatomy of a short attack](https://seekingalpha-com.cdn.ampproject.org/v/s/seekingalpha.com/amp/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack?amp_js_v=a6&amp_gsa=1&usqp=mq331AQHKAFQArABIA%3D%3D#aoh=16119453107704&referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fseekingalpha.com%2Finstablog%2F11442671-gerald-klein%2F3096735-anatomy-of-a-short-attack) + +**TL;DR:** +**Ladder attacks to drive the price down, Media assults, Brokers pulling margin, Paid bashers, Diversion attempts - all tactics seen in recent weeks were predicted by this article from 2014** + +----------------------------------- + + +Transcript if website crashes due to traffic: + +----------------------------------- + +**Anatomy Of A Short Attack** + +Abusive shorting are not random acts of a renegade hedge funds, but rather a coordinated business plan that is carried out by a collusive consortium of hedge funds and prime brokers, with help from their friends at the DTC and major clearinghouses. Potential target companies are identified, analyzed and prioritized. The attack is planned to its most minute detail. + +The plan consists of taking a large short position, then crushing the stock price, and, if possible, putting the company into bankruptcy. Bankrupting the company is a short homerun because they never have to buy real shares to cover and they don't pay taxes on the ill-gotten gain. + +When it is time to drive the stock price down, a blitzkrieg is unleashed against the company by a cabal of short hedge funds and prime brokers. The playbook is very similar from attack to attack, and the participating prime brokers and lead shorts are fairly consistent as well. + +----------------------------------- + +**Typical tactics include the following:** + + +**Flooding the offer side of the board** + +Ultimately the price of a stock is found at the balance point where supply (offer) and demand (bid) for the shares find equilibrium. This equation happens every day for every stock traded. On days when more people want to buy than want to sell, the price goes up, and, conversely, when shares offered for sale exceed the demand, the price goes down. + +The shorts manipulate the laws of supply and demand by flooding the offer side with counterfeit shares. **They will do what has been called a short down ladder.** It works as follows: Short A will sell a counterfeit share at $10. Short B will purchase that counterfeit share covering a previously open position. Short B will then offer a short (counterfeit) share at $9. Short A will hit that offer, or short B will come down and hit Short A's $9 bid. Short A buys the share for $9, covering his open $10 short and booking a $1 profit. + +**By repeating this process the shorts can put the stock price in a downward spiral.** If there happens to be significant long buying, then the shorts draw from their reserve of "strategic fails-to-deliver" and flood the market with an avalanche of counterfeit shares that overwhelm the buy side demand. Attack days routinely see eighty percent or more of the shares offered for sale as counterfeit. Company news days are frequently attack days since the news will "mask" the extraordinary high volume. It doesn't matter whether it is good news or bad news. + +Flooding the market with shares requires foot soldiers to swamp the market with counterfeit shares. An off-shore hedge fund devised a remarkably effective incentive program to motivate the traders at certain broker dealers. Each trader was given a debit card to a bank account that only he could access. The trader's performance was tallied, and, based upon the number of shares moved and the other "success" parameters; the hedge fund would wire money into the bank account daily. At the end of each day, the traders went to an ATM and drew out their bribe. Instant gratification. + +Global Links Corporation is an example of how wholesale counterfeiting of shares will decimate a company's stock price. Global Links is a company that provides computer services to the real estate industry. By early 2005, their stock price had dropped to a fraction of a cent. At that point, an investor, Robert Simpson, purchased 100%+ of Global Links' 1,158,064 issued and outstanding shares. He immediately took delivery of his shares and filed the appropriate forms with the SEC, disclosing he owned all of the company's stock. His total investment was $5205. The share price was $.00434. The day after he acquired all of the company's shares, the volume on the over-the-counter market was 37 million shares. The following day saw 22 million shares change hands - all without Simpson trading a single share. It is possible that the SEC has been conducting a secret investigation, but that would be difficult without the company's involvement. It is more likely the SEC has not done anything about this fraud. + +Massive counterfeiting can drive the stock price down in a matter of hours on extremely high volume. This is called "crashing" the stock and a successful "crash" is a one-day drop of twenty-percent or a thirty-five percent drop in a week. In order to make the crash "stick" or make it more effective, it is done concurrently with all or most of the following: + +----------------------------------- + +**Media Assault** + +**The shorts, in order to realize their profit, must ultimately put the victim into bankruptcy or obtain shares at a price much cheaper than what they shorted at. These shares come from the investing public who panics and sells into the manipulation. Panic is induced with assistance from the financial media.** + +The shorts have "friendly" reporters with the Dow Jones News Agency, the Wall Street Journal, Barrons, the New York Times, Gannett Publications (USA Today and the Arizona Republic), CNBC and others. The common thread: A number of the "friendly" reporters worked for The Street.com, an Internet advisory service that short hedge-fund managers David Rocker and Jim Cramer owned. This alumni association supported the short attack by producing slanted, libelous, innuendo laden stories that disparaged the company, as it was being crashed. + +One of the more outrageous stories was a front-page story in USA Today during a short crash of TASER's stock price in June 2005. The story was almost a full page and the reporter concluded that TASER's electrical jolt was the same as an electric chair - proof positive that TASERs did indeed kill innocent people. To reach that conclusion the reporter over estimated the TASER's amperage by a factor of one million times. This "mistake" was made despite a detailed technical briefing by TASER to seven USA Today editors two weeks prior to the story. The explanation "Due to a mathematical error" appeared three days later - after the damage was done to the stock price. + +Jim Cramer, in a video-taped interview with The Street.com, best described the media function: + +When (shorting) ... The hedge fund mode is to not do anything remotely truthful, because the truth is so against your view, (so the hedge funds) create a new 'truth' that is development of the fiction... you hit the brokerage houses with a series of orders (a short down ladder that pushes the price down), then we go to the press. You have a vicious cycle down - it's a pretty good game. + +This interview, which is more like a confession, was never supposed to get on the air; however, it somehow ended up on YouTube. Cramer and The Street.com have made repeated efforts, with some success, to get it taken off of YouTube. + +----------------------------------- + +**Pulling margin from long customers** + +**The clearinghouses and broker dealers who finance margin accounts will suddenly pull all long margin availability, citing very transparent reasons for the abrupt change in lending policy. This causes a flood of margin selling, which further drives the stock price down and gets the shorts the cheap long shares that they need to cover.** + +----------------------------------- + +**Paid bashers** + +The shorts will hire paid bashers who "invade" the message boards of the company. The bashers disguise themselves as legitimate investors and try to persuade or panic small investors into selling into the manipulation. (Click here for Confessions Of A Paid Stock Basher). + +This is not every trick the shorts use when they are crashing the stock. Almost every victim company experiences most or all of these tactics. + +----------------------------------- + +**Analyst Reports** + +Some alleged independent analysts were actually paid by the shorts to write slanted negative ratings reports. The reports, which were represented as being independent, were ghost written by the shorts and disseminated to coincide with a short attack. There is congressional testimony in the matter of Gradiant Analytic and Rocker Partners that expands upon this. These libelous reports would then become a story in the aforementioned "friendly" media. All were designed to panic small investors into selling their stock into the manipulation. + +----------------------------------- + +**Planting moles in target companies** + +The shorts plant "moles" inside target companies. The moles can be as high as directors or as low as janitors. They steal confidential information, which is fed to the shorts who may feed it to the friendly media. The information may not be true, may be out of context, or the stolen documents may be altered. Things that are supposed to be confidential, like SEC preliminary inquiries, end up as front-page news with the short-friendly media. + +----------------------------------- + +**Frivolous SEC investigations** + +The shorts "leak" tips to the SEC about "corporate malfeasance" by the target company. The SEC, which can take months processing Freedom of Information Act requests, swoops in as the supposed "confidential inquiry" is leaked to the short media. + +The plethora of corporate rules means the SEC may ultimately find minor transgressions or there may be no findings. Occasionally they do uncover an Enron, but the initial leak can be counted on to drive the stock price down by twenty-five percent. The announcement of no or little findings comes months later, but by then the damage that has been done to the stock price is irreversible. The San Francisco office of the SEC appears to be particularly close to the short community. + +----------------------------------- + +**Class Action lawsuits** + +Based upon leaked stories of SEC investigations or other media exposes, a handful of law firms immediately file class-action shareholder suits. Milberg Weiss, before they were disbanded as a result of a Justice Department investigation, could be counted on to file a class-action suit against a company that was under short attack. Allegations of accounting improprieties that were made in the complaint would be reported as being the truth by the short friendly media, again causing panic among small investors. + +----------------------------------- + +**Interfering with target company's customers, financings, etc.** + +If the shorts became aware of clients, customers or financings that the target company was working on, they would call and tell lies or otherwise attempt to persuade the customer to abandon the transaction. Allegedly the shorts have gone so far as to bribe public officials to dissuade them from using a company's product. + + +------------------------ + +**Disclaimer: This is not financial advice, this is not my work I'm just copy/pasting the article(bolding the most relevant parts, and re-ordering sub-chapters)** + +**I'm long GME** +I haven’t seen a media campaign this blatant before. They’re trying to convince boomers (who have a bizarre affinity with silver, it overlaps with bizarre conspiracy theories about who controls the market) that “the infamous, mysterious vigilante investor, Reddit” will be pumping cash into silver and anyone who buys in now will win big. + +It’s straight up lies. + +Anyone who participates on discussions here knows it’s a lie. No one is advocating for silver except morons and shills. Silver is and always has been a volatile commodity, which is heavily leveraged by bigger firms to move their money around the market. Invest at your own risk. + +If you are finding yourself confused about all the mixed messaging, just stick to the basics: + +Only invest what you’re willing to lose + +Don’t invest with borrowed money + +Buy low, sell high + +Invest in what you know + +And finally... YOU DONT NEED TO THROW YOUR MONEY AT ANYTHING. It’s not going to burn a hole in your pocket. If you’re questioning if something is a good opportunity, you can probably afford to wait for a better one. + +Edit: WHO THE FUCK GAVE ME SILVER YOU FUCKING MONSTER + I started the year off very well, doing CSPs, and closing all for a profit up to and through March. + +Come April, while still exploring what strategies I wanted to use more, my CSPs have basically fizzled, and I have been rolling them forward for small credits for a couple months. But all are still underwater to some level. + +In the meantime, I continue to read books almost exclusively on the psychology of trading. And I squarely have fallen into the “taking profits too early” and “hanging onto losers” camp, i.e. typical amateur trader mistakes. + +Granted, the mistakes are not currently large as I have been trading small (at least I am doing that part correctly and not trading too large!) + +As has been discussed here countless times, risk management is the key to success, more so than anything else. + +What I have walked away with here after six months of reading, trading and reflecting – these are my thoughts, for my style, and may certainly not apply to you – I am actually writing this out for myself in a Google Doc to capture my thoughts and posting for people’s benefit if you are interested. **I am also perfectly happy to get heated opinions of these thoughts!** + +* Entry timing. To me, on a short to medium term basis (most CSPs and spreads) entry timing is useless. One of the books I have read did a study of day to day correlation (i.e. was a down day followed by an up day or down, and vice-versa) the correlation was 0.015 since the late 1800s. Meaning no correlation. So buying a CSP on a red day or selling a covered call on a green day gives no obvious statistical advantage. +* Short Term Charting. While I believe there could be some crowd/herding effect with major indicators causing self fulfilling prophecies, having one, two or three indicators trying to tell you when to enter a position or leave a position, to me adds complexity for dubious benefit. +* Long Term Charting. I plan on continuing to use general longer term charts (1 year level or so) to get an overall sense of where the underlying is in the big picture. +* Position sizing. Absolutely important. Don’t risk more than \~2% of your account value on a single trade. +* CSP vs Spreads vs Covered Calls vs PMCC vs Puts/Calls vs Outright Ownership. This is one I have yet to solve completely + +1. CSPs. I completely understand ScottishTrader’s feelings on CSPs, but I am in the middle of my second month of rolling them (close to third), so currently my thoughts are negative. I don’t like the potentially big downside risk as well for limited gain. +2. Spreads. A wide spread gave defined risk, but the long option eats up 10-30% or so of the overall premium if the strikes are far enough apart. Better risk management, at least from the point of it being definable, but lower reward. +3. Covered calls, big downside risk of bagholding for a long time, esp. In the current environment. Writing for pennies if a big drop happened, trying to not get called away. +4. PMCCs. Seems like a decent option, except for the extrinsic value loss that you have to make up and the inherent limited time nature to eventually make a profit. +5. Puts/Calls. If you can call a direction these work great. I can’t call a direction! +6. Outright Stock Ownership. With stop losses in place (**which I have never, ever done in the past, shame on me**), losses can be limited. Gains are full participation, not a delta percentage. No expiration (good and bad I suppose). Get dividends, if applicable. + +Taking the most popular of these (my guess), CSP, spread and I will add in outright ownership, let’s see where it takes me. 100 shares, 1 contract, $1000 max loss if possible. + +On GLD, one of the main underlyings I trade. + +CSP, 60DTE, current price $170.70, 30 delta $166 put is $2.30. Not sure how to calc a max loss here. Can be rolled if needed. + +* Net max gain, $230 +* Pros: Built in 30 delta buffer +* Cons: Commissions on options, limited profit potential + +SPREAD. 10 point, 60DTE, current price $170.70, 30 delta $166 put is $2.30. $156 put is $0.65 + +* Net max gain, $165 +* Pros: Built in 30 delta buffer +* Cons: Commissions, lowest potential gain, harder to manage possibly + +OUTRIGHT BUY 100 shares, stop loss at $170.70 - $10 = $160.70 ($1000) + +* Pros: Own the shares. Dividends if applicable, no commissions, highest potential profit. +* Cons: Bigger collateral. + +A theoretical "bad" Case ($10 point drop): + +CSP: Price drops, roll the option forward and down if possible, for a credit. No realized loss, yet. + +Spread: $1000 loss + +Buy: $1000 loss + +A theoretical "good" Case ($10 point rise) + +CSP: $230 gain + +Spread: $165 gain + +Buy: $1000 gain. Stop can be moved up as well to lock in gains. Position can be left on. + +After a lot of thought, outright buying shares has bubbled back to the top of how I may consider proceeding going forward, at least when I am bullish. + +If you've read this far, thanks. Still trying to figure out what best works for me. +Just wondering on how much do you guys save/ invest/ spend per month? + +Below is my details. Please note below percent are of take home salary ( after all deductions including PF) + +57% Equity and debt mutual funds (Investment) + +20% Rent + +15% Other miscellaneous expenses + +8% Emergency corpus ( Hoping to build 1 year of normal expenses, almost there) + +Edit 1: adding some more context. Have frequent conversations with friends on what percent of salary they save. I'm 30 year old and have one dependent ( my so). The intent of question is to get data on how much this percent varies for different age groups? Secondary intent is to compare myself with same age group people and see how good/bad I'm doing in terms of managing my hard earned money. +There have been a few post about high salary careers where people are passionate and about high stress low salary jobs. I wanted to start the discussion about careers that don't require schooling with high salaries. + +I am 27M with no higher education (finished highschool) I worked right out of highschool and over the last 9 years I managed to work my way up from manufacturing operator, mid-level management, scientist and now a process engineer. If I get my bonus this year I will be on 115k salary. + +I know this isn't conventional and is strange to have been able to work as a scientist and engineer with no school but I worked hard and got very lucky. +&#x200B; + +https://preview.redd.it/0izo4i1p0d771.png?width=1600&format=png&auto=webp&s=70bc9bf3c0cb98235d20174b2c12ab7c9058db9b + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/24dmrozq0d771.png?width=680&format=png&auto=webp&s=6fae29623d2b0f253b5353bd1a14e6f0183dc7ce + +&#x200B; + +https://preview.redd.it/e3iimxte1d771.png?width=722&format=png&auto=webp&s=fa97fe12ababd137307bfee02d882b0072ccda93 + +RRP still at 813 billion + +&#x200B; + +https://preview.redd.it/za8hi59n1d771.png?width=960&format=png&auto=webp&s=6c754dc19e2d991f2c633b1098df4564df1cf0e7 + +The exponential floor thanks to u/JTH1 I wonder if the russel shuffle will affect this model today. + +Also on that note + +# The Russel 1000 + +&#x200B; + +https://preview.redd.it/9lb2dh872d771.png?width=640&format=png&auto=webp&s=0eae17a0ec74d507c6c27563d5a78470dc12d2c6 + +Please know that due to the idea of "front running" these ETF's we may see an uptick in volume today, but the actual buying of the ETF's will happen in the after hours as far as I was able to understand from the research of others. + +as seen in this thread: + +[https://www.reddit.com/r/Superstonk/comments/o735ef/psa\_gme\_will\_not\_be\_joining\_the\_russell\_1000/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o735ef/psa_gme_will_not_be_joining_the_russell_1000/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +We could also see if the T+21 gets triggered today or that they let them turn into FTD's + +But no matter what happens remember, this is the Water temple. + +&#x200B; + +https://preview.redd.it/1e1073e33d771.png?width=640&format=png&auto=webp&s=a4e92a46a0c446148b7b24a6a02a72d87b167bf1 + +So chill out and have patience. + +&#x200B; + +https://preview.redd.it/qeulh9gp7d771.png?width=430&format=png&auto=webp&s=ef348d0864a9b5bda0cf945608c6339349765748 + +# NSCC -005 delayed per the SEC + +There seems to be some misconceptions I've seen forming about this one, this is the NSCC-005 that is delayed, not the DTCC-005 these are two separate filings. + +[This is the DTCC 005](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005.pdf) + +[This is the NSCC 005](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-005.pdf) + +The NSCC 005 is for Minimum Deposit Requirement Increase Proposal + +&#x200B; + +https://preview.redd.it/73j5h6sb7d771.png?width=1008&format=png&auto=webp&s=f92e8e9d23ded3bd193a71ce571b3d04a4e06b1e + +# Citadel was raided in Ecuador + +source: + +[https://www.eluniverso.com/noticias/politica/allanan-las-empresas-decevale-y-citadel-por-el-delito-de-falsedad-de-informacion-en-el-sistema-de-mercado-de-valores-nota/](https://www.eluniverso.com/noticias/politica/allanan-las-empresas-decevale-y-citadel-por-el-delito-de-falsedad-de-informacion-en-el-sistema-de-mercado-de-valores-nota/) + +Ok so I've heard a lot of speculation about this, and this is why I love our community, I've sent out a message on twitter asking for help on this, and ask and you shall receive! + +so lets go! + +Citadel in Ecuador has no ties to that we could find to Shitadel Chicago. + +Yes it does have the same name "Citadel" but unless a name is a trademark or something like that, that would mean I could start a company with the same name, in the same or different country without a problem, even [@Annihil4tionGod](https://twitter.com/Annihil4tionGod) checked the Lei and found no connection. + +\- different presidents, + +\- different HQ addresses, + +\- different logo. + +So until presented with different evidence, I believe we can write it off as "not THE Shitadel we know" + +[link to the LEI research](https://twitter.com/Annihil4tionGod/status/1408105846161170432) + +&#x200B; + +https://preview.redd.it/ym0yzc3f7d771.png?width=1200&format=png&auto=webp&s=25d63bf7a79b41af7ee3d02d07a7163ba875cc76 + +# TOYS 'r' STOP + +&#x200B; + +https://preview.redd.it/g5arhce86d771.png?width=782&format=png&auto=webp&s=6d51877b19b4be097da06f8d6cf1f8ed46335263 + +I'm loving this, purely because about two weeks ago we had the glitch happen and Toys R us had the PUR/GME logo for a day or so. + +But that had lead me to some rabbit hole and made a short thread here: + +[https://www.reddit.com/r/Superstonk/comments/nvw6kc/gme\_and\_toys\_r\_us/](https://www.reddit.com/r/Superstonk/comments/nvw6kc/gme_and_toys_r_us/) + +The thing comes down to a few basic things, + +1. toys R us is not a distraction, you can't buy their stock as it's not public +2. backed by blackrock, the same guys who backed RC +3. I believe the RC sears tweet may be related, as this would give a big space were they could put things. +4. I miss Geoffrey ok? + +But I do believe that if they expand in that area they would become more than just videogames, they could in theory become a one stop entertainment shop. again I have nothing solid but I feel like this may be a good thing to come. + +&#x200B; + +[credit to u\/Doggoonewild](https://preview.redd.it/uol465iaad771.png?width=640&format=png&auto=webp&s=50f32d9d73f05a645a7b0be03e05151d8393b123) + +# Citadel-Owned Centricus Appoints Adam Aron As Director + +On May 6, 2021, Adam Aron (of movie stock) was named director of Centricus Acquisition Corp in the Cayman Islands, a company which is owned by Citadel/Ken Griffin. + +you can read more about it in [this thread](https://www.reddit.com/r/Superstonk/comments/o78dhn/citadelowned_centricus_appoints_adam_aron_as/) + +I don't want to spread FUD or say one shouldn't hold AMC or anything but, seeing the apes general consensus on Adam Aron's twitter feed ([https://twitter.com/CEOAdam/status/1407881140371968001](https://twitter.com/CEOAdam/status/1407881140371968001)) + +I'd do some research into this and see if it holds any truth because if our boy RC was involved with Citadel in any way shape or form I would want to know. + +**Addendum:** + +What I meant with this is that Adam Aron seems to be involved with Citadel, if anyone in GameStop would be involved (for example Ryan Cohen or anyone else) I as a shaleholder in any of their ventures, I would like to get to the bottom of it.Because, if they are involved with "the other side" I would look into it, as it seems as a conflict of interest to me.I am not saying RC or anyone from GME is involved with Citadel, sorry if I didn't make that clear. + +&#x200B; + +https://preview.redd.it/ugzny6cgad771.png?width=554&format=png&auto=webp&s=8d33571a0a3ef7ac73a15bfcd0dd2e36dfd5edf3 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/st31omziad771.png?width=400&format=png&auto=webp&s=32f356ad49ebfe591100ad4991dd3ceab56f105f + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +Edit 1: + +[Thanks to Annihil4tionGod](https://preview.redd.it/8ejays67dd771.png?width=4096&format=png&auto=webp&s=a90d3ed1a38a18de0b2e56cd054de3819bf4483a) + +Edit 2: + +&#x200B; + +[dtcc005 be like](https://preview.redd.it/m5qsmj2bne771.png?width=800&format=png&auto=webp&s=2c7b7702698e978b37237fcc9a2f57e34d634ce7) + +DTCC 005 was approved last night + +[https://www.reddit.com/r/Superstonk/comments/o7jyho/srdtcc2021005\_was\_approved\_last\_night/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/o7jyho/srdtcc2021005_was_approved_last_night/?utm_medium=android_app&utm_source=share) + +&#x200B; +This is a post about the cryptocurrency situation in El Salvador. I am posting this again because the previous one was removed by a bot. It is not about price, it should not be marked as such. + +Twitter post as proof of living in El Salvador: https://nitter.net/samsungsv19/status/1446177713413308428# + +A month ago, Bitcoin became another Salvadoran currency. I understand that my previous posts looked like complete FUD, but that's not my intention. I wanted to share how all of this affected Salvadorans, specially for those who barely have money to get a "decent" mobile device. + +Adoption is going pretty bad, specially because of identity theft. There have been hundreds of reports about people using the Chivo Wallet to steal money. The government is being quiet about it, and no one is offering a solution to the problem: + + +>https://diario.elmundo.sv/denuncian-robo-de-datos-personales-para-uso-no-autorizado-de-chequera-chivo/ + + +That is not a case of phishing or people authorizing full access to the Chivo Wallet, this is way worst. The Chivo Wallet "has facial recognition", or so they said however it is just storing a picture, any picture. There is no validation whatsoever, and because of that people are no longer using/trusting Bitcoin: + + +>https://imgur.com/a/7vRTft8 + + +And yes, I know you are going to say that this does not have anything to do with Bitcoin, but you gotta understand the Salvadoran culture: Once something fails, everything associated to it becomes bad. It doesn't make sense, I know, but that's how things really are here, and it is affecting adoption. + +Businesses are reporting low adoption. 93.1% of small/medium business are reporting ZERO Cryptocurrency transactions. The free bitcoin bonus was either converted to FIAT or spent in groceries, after that usage crashed. + +What about the protests? Did people finally accept the Bitcoin Law passed by the Salvadoran congress? + +Not quite. + +There were two protests: + +- September 15th + +- September 30th + +Both protests were massive, huge turnout. People are angry, and mad. Salvadorans do not want The Bitcoin Law: + +September 30th Protest against the Bitcoin Law + +>https://imgur.com/gallery/izClFXl + + +A protestor in front of Congress throwing spaguetti. The government has been giving people bags of spaghetti and tuna for months. + +>https://imgur.com/gallery/vcSpiOw + +More photos of the protests: + +>https://imgur.com/gallery/oTBmKXL + + +>https://imgur.com/gallery/Yflx5gi + + +>http://imgur.com/gallery/NRUp3yx + + +>http://imgur.com/gallery/wveAR41 + + +>http://imgur.com/gallery/IaP1YGR + + +>http://imgur.com/gallery/ysl1jvC + + +>http://imgur.com/gallery/3HEf4z7 + + +>http://imgur.com/gallery/hO23Vil + + +>http://imgur.com/gallery/zu263IQ + + +>http://imgur.com/gallery/61W1rmh + + +What was President Bukele's response? + +Just like Donald Trump, he chose to mock the protests via Twitter: + +>http://imgur.com/gallery/NhAqko0 + +Three protests, and instead of listening to the people, he decide to just ignore them, and make fun of them. + +Are Salvadorans protesting because they dont understand technology? Are they afraid of changes? Why they don't want free money? + +Well, salvadorans are protesting because this whole Bitcoin Law thing has been shady. First of all, remember the "Not your keys, not your money" thing that you see pretty often here? We don't know where the 700 bitcoins that the President Bukele bought are. Who is our broker? How much did we pay for those bitcoins? What about the free 30 dollar bonus? How much did it cost? All information regarding the purchase of Bitcoin is classified. + +What about the ATMs? We only know that a known Bitcoin ATM company provided them, but the cost of those 200 ATMs is classified information because of "National Security" (whatever that is). + +But hey! El Salvador is mining Bitcoin with vulcanoes! + +Yeaaaaaaaaah, about that.... It is true, but it is not a new well, nor new infraestructure. The mining farm is located in a poor town called Berlin, Usulutan. LaGeo is the name of the state-owned company that produces geothermal electricity for the Oriental Region (Usulutan and San Miguel), however due to the mining farm, we are starting to burn more coal to provide enough energy to the region. Electricity costs are rising up, but our President puts profits over people. + +Profits over people you say? Covid cases/cases are going up, but Bukele is not restricting movement because that would be a fatal blow to the Chivo Wallet adoption. You see, if people cant go outside they cant go to the Chivo Offices to set up the wallet and learn how to use it. Bukele cares more about profits, and spends his days tweeting about bitcoin prices (Trump would be so proud): + +>http://imgur.com/gallery/ma4IgAY + +What is next? Another protest is scheduled for October 17th, and rumor has it that it will be bigger than the previous one. Will Congress concede and roll back the Law? We dont know. +Hey apes, + +If you're unsure of who I am, I'm the guy who tracks the online activity of this sub and other subs across Reddit. I initially started tracking this because of interesting online activity on [May 29](https://www.reddit.com/r/Superstonk/comments/no2mm0/this_sub_just_went_from_85000_users_online_to/?utm_source=share&amp;amp;amp;utm_medium=ios_app&amp;amp;amp;utm_name=iossmf) where the sub in a matter of minutes went from 85,000 users to 24,000 in a matter of minutes. I was at first met with doubt, that it was a Reddit server issue, which sometimes it is. But after tracking other subs online activity outside of Superstonk, Popcorn stock, GME, and Double USB to confirm my suspicions, I believe I was right that bots were lurking heavily here and in other memestock subs. + +[Here's another interesting moment when online users went down across the memestock/krypto subs](https://www.reddit.com/r/Superstonk/comments/nwcult/once_again_this_sub_just_went_from_150k_online/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf) + +[And another although I concede I don't believe this was due to our mods anymore](https://www.reddit.com/r/Superstonk/comments/omjt15/remember_about_a_month_ago_when_i_said_100k_bots/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) + +Here's some data I've collected over the months with average users for each sub I've tracked since my last post. I'm rounding these to simplify. + +Superstonk | Average Count - 66,000 | Current User Count - 32,125 + +DND | Average Count - 8,600 | Current User Count - 6,026 + +Rupaulsdragrace | Average Count - 4,000 | Current User Count - 3,663 + +D ogec oin | Average Count - 9,000 | Current User Count - 3,053 + +Popcornstock | Average Count - 36,250 | Current User Count - 17,919 + +Double USB | Average Count - 46,000 | Current User Count - 35,308 + +C rypt oCurrency | Average Count - 26,200 | Current User Count - 10,812 + +GME | Average Count - 11,900 | Current User Count - 5,488 + +Stocks | Average Count - 5,900 | Current User Count - 4,801 + +Stockmarket | Average Count - 2530 | Current User Count - 3,147 + +Mildlyinteresting | Average Count - 17900 | Current User Count - 15,203 + +Last week on Superstonk with the big Tuesday runup, we surpassed 100,000 online users again and it stayed over 70,000 the rest of the week until the weekend where it crashed to 0. This was definitely a Reddit server issue, not only here or across the memestock/krypto subs because all of the other subs I track, DND, mildlyinteresting, rupaulsdragrace, also were affected with 0 online users. + +However, today and yesterday Superstonk has been below 40,000 consistently which I thought was odd considering the hype coming into this week. I noticed it was also significantly lower across the memestock subs and krypto subs which was even odder. The interesting thing is, this time it's not a Reddit server issue. DND, mildlyinteresting, and rupaulsdragrace are all at their usual average numbers. + +My conclusion? Maybe I'm prematurely ejaculating, but I think the bots are gone from here and the other memestock/krypto subs. Are hedgies running out of money for bots? I think we're about to find out this week if we hit Alpha Centauri. +**First the chart:** https://i.imgur.com/NLHdGc5.png + +After graduation the first thing I did was finance a new car and the next was to go on a lavish vacation...My credit card was at 0% interest and I had a job so it would be easy to repay, right? + +The promotional period on my credit card was running out so I thought the answer was simple...get another 0% card and put all new spending on it while paying down the old balance, right? + +Rinse & repeat a couple of times and 2.5 years later I hadn't missed a car payment but somehow owed more than I did at the outset. I recognized that lifestyle creep had taken place and tightened my belt. + +I ended up making about five or six balance transfers, some zero fee but all at 0% interest, and took out three zero-fee low-interest debt consolidation loans, all paid off early. + +Note that the sharp decrease in 2016 and increase in 2017 happened because my loan account was incompatible with Mint so the data wasn't recorded. + +**Things I learned:** + +* *Look at your spending regularly.* I was spending a lot on meals/drinks/entertainment every month without realizing it. + +* *Prioritize savings.* In the past I had one checking account where everything came in and went out, and I rarely had more than $1K in it at a time. Now I have two savings accounts (one for large purchases and the other for emergencies) and each gets an automatic deposit from every paycheck. + +* *Remove emotions from large purchases.* I could have saved a lot by buying a CPO car and paid for it upfront, but I wanted the new car feeling. + +* *Use those emotions against yourself.* I realized that I enjoyed making lump sum payments, so at the end of my journey I was making small payments every month and making lump sum payments when I had saved enough to clear the entire debt. + +* *Look for cards with incentives like "$100 after you spend $1,500 in the next 3 months".* If you're going to spend $500/mo on phone/internet/cable/groceries anyway, you might as well capitalize on it. + + +* *There are always promotional interest offers to be had.* Look at credit unions in particular to avoid transfer fees as well. + +* *Don't get a credit card with an annual fee.* Some of these cards have really valuable benefits, but if you're not 100% sure you'll use them just skip it. + +**What it cost:** + +Thanks to Mint, I estimate that I paid about $750 in CC/personal loan interest and balance transfer fees. I'm sure I could find out how much I paid in interest on my car note (3.5%) but I'd rather not know. + +In the end I'm confident that what I learned about personal finance was worth $750 but I would rather have an extra $750 in my pocket, so learn from me rather than from experience. + +Thanks for coming to my TED Talk. +Typically, we tend to talk more about what's going well, or successes when finding an undervalued company which gives back great returns, but less about when it all goes wrong. It would be interesting to see what some of your biggest mistakes were, specific companies or otherwise, and what you learnt from them? + +&#x200B; + +Personally, mine was buying FastJet years ago when I just started to understand what investing was. Following some very brief DD online, it looked like a gem - input from Stelios (founder of EasyJet), was an actual already-flying company, and it was branching off into different countries in Southern Africa, trying to capitalise on rising middle classes keen to travel and fly in a region which historically has had disproportionately high fares. Unfortunately, for a few different reasons including difficulty in getting slots and permissions to expand, along with never really increasing it's fleet size, it kept sinking, and delisted off the stock exchange last August. I bought and sold years before that, but still lost a bit. Lesson learnt? If something looks a sure fire winner, it's still important to spend a little time thinking about why it could all go wrong, and take the critical approach before jumping in. Sounds obvious, but that was a lived lesson which kept me grounded in future investing decisions. + +&#x200B; + +edit: Thanks kind strangers for the awards! First time I’ve received any :) +I think it's massively overvalued, I was considering putting some fun coupons in as a gamble but that share price has made me reconsider as they are already at Series C. Any r/UKinvestors going to buy a ticket? +In the process of getting a HELOC. Good credit, high income, ~45% equity in the house. Should be a no brainer. + +Underwriter keeps kicking back my application because the gross income reported by my company is about $10K higher than my taxable income on my W2. + +This is entirely because of pre-tax deductions for health insurance premiums and HSA contributions. + +The keep getting hung up on this "discrepancy" and asking me if maybe I got a second W2 from my work that shows "the rest" of my income. I'm like "it's right there in Boxes 12c and 14 of my W2, don't you know how these things work? You're a **** bank for crying out loud." + +Grrrrrr....... + +EDIT: The escalation from the manager was rejected. I sent them a very politely worded nasty letter saying their underwriting department was costing them business by blindly implementing bad guidelines and am moving on. +By comfortable, I don't mean having net positive cash flow in your first year or something, although that could be one's interpretation of "comfortable," which I'm not putting down. + +I'm talking about when you finally felt like you succeeded in real estate investing. That feeling when you're, like, "You know what? All of those hours of research, learning, networking, landlording, rehabbing, etc., is paying off and was worth every second." + +I know this will vary based on location, so I was just wondering +Assume: + +1. Living expense budget and emergency fund all covered. + +Basically, is there a reason not to just throw it all into the market? I've been deeply irrational about this kind of stuff in the past (i.e., avoiding market because of the fear that we are in a bubble that will pop, etc.) and trying to be more sensible this time around. Are there any other credited moves with such big funds? +Before I start, I just want to say I am writing this because last time I put up speculative DD, and people were tearing it apart because it was very generalized. Being that I have a scientific background I decided to put the time in to gather all the information and analyze it with statistics before posting this one. I hope some of you find it meaningful and I would appreciate any genuine feedback or constructive criticism! + +**Hypothesis:** GME is responsible for the previous two market dips and has the ability to significantly move the direction of the entire market. + +New York Stock Exchange (NYA), Market Cap ($22.9 trillion), 2400 stock listings + +Nasdaq (IXIC), Market Cap (??), 3300+ listings + S&P 500(MC: $31.61 trillion). + +Dow Jones Industrial Average (DJIA), Market Cap ($8.33 trillion), 30 largest of (NYA and Nasdaq) + +**TLDR;/Abstract:** I compare the relationship between GME, and the world's largest market indices mentioned above using a bunch of historical YTD quotes. The data suggests that there is a statistically significant correlation between GME and both the NYA and DJIA. The data didn’t suggest that there is a significant relationship between IXIC and GME, but the data suggests you might be able to infer that there is actually a significant relationship. As GME rises the market responds by dropping. Based on this data, my prediction is that WSB and GME holders are currently controlling the overall health of the market. If this data is accurate, then GME can be used as a possible predictor of overall market trends and consequently, possibly help for not just GME indicators, but also prospective market strategies/positions. + +**In short**, when **GME goes up**, the **market goes down**. + +**TLDR; for data:** I found that the NYA, DJIA, and IXIC are negatively correlated to GME. NYA ( NYA,**p =.0027\*\***), (DJIA, **p =.0018\*\***), (Nasdaq, p= 0.88) + +**START** + +I noticed that anytime GME is rallying up, my entire portfolio goes red. My thought process was that the hedge funds control such a large portion of the market that when they liquidate in order to battle GME the whole entire market falls as a result. However, whenever I mentioned this idea, I’ve been met with opposition, so I decided to compare the GME to the market indices I mentioned above. + +&#x200B; + +[GME, DJIA, IXIC, NYA, YTD DATA](https://preview.redd.it/ijpbroximxj61.png?width=1251&format=png&auto=webp&s=479499bdf91390cd98ed099bf963ab656421f695) + +If you look at the chart, big drops in all three indices line up perfectly with any large rise in GME price. Meaning, while the whole market collapses GME rises. The opposite is also true, as GME drops, the rest of the market rises. The trends based on these comparisons suggest that GME is to some degree controlling the entire market. I decided to use some statistics so I can see the likelihood that these are “coincidences” as many have suggested. + +**PROCESS** + +I calculated covariance, correlation, and p test matrices based on YTD data from yahoo finance of GME, NYA, DJIA, IXIC. All data can be found there. + +&#x200B; + +[Covariance & Correlation Matrices.](https://preview.redd.it/msw9tittmxj61.png?width=364&format=png&auto=webp&s=e1b76728b60bb58ae1b42c40ee3c0c6de3e80553) + +[P values. Statistically significant values highlighted.](https://preview.redd.it/gwdaxycymxj61.png?width=360&format=png&auto=webp&s=cd89e780bd3a85713d72d6e7a94b249d166c3fd0) + +The results show that there is clear covariance between GME and all of the markets I mentioned. The correlation suggests that there is a moderate negative correlation between GME and the markets, but that makes sense given the vast size of the indices. But what was most important was the p values between GME and the NYA/DJIA. For those that are not into statistics, the p-value is essentially the percentage that the relationships are based on “luck” or “chance”. It is accepted and utilized in the scientific community to establish statistical significance. Any p-value less than .05 is considered statistically significant. A p-value less than .05 basically says that there is less than a 5% chance that the relationships are due to “luck”. As you can see there is a .27% chance that the NYA dropping is random and a .18% chance for the DJIA. While the IXIC does not fit the bill, I believe significance can still be inferred based on the incredibly low p values when comparing NYA to IXIC, or when comparing DJIA to IXIC. + +**So, what does this mean?** + +**My opinions.** + +To me, this means that GME does not just signify a battle between the poor and the uber-rich, but rather a battle for the entire market. On January 26, the DJIA dropped 600 points, the IXIC 300 points, and NYA 400 points with just a $266 dollar increase in GME. Imagine what would happen if GME hit a thousand dollars? At this point, you may be worried that GME may Impact the whole market, and while that should initially cause worry, when you remember the fact that the top 10% own 88% of the ENTIRE market, you should realize that it is not our market that would be impacted, it's *theirs*. + +My opinion is that if the short squeeze happens, we will witness the largest liquidation event in the history of the market and alongside that, the largest redistribution of wealth that not just our society has seen, but larger than any society in history has ever seen. That liquidation would lower the barrier of entry to the market so significantly, that the people would have the opportunity to claim their spot in the market. + +**Final thoughts/ Disclaimers.** + +Anyway, this is just something I wanted to share, not trying to convince anyone to do anything, to buy anything, or not to buy anything. None of this is a fact, it is vulnerable to error, and can be completely wrong but just wanted to contribute my thought process and my research in a meaningful way to the handful of you that may appreciate it. I would love feedback, especially if there are any statisticians out there! I also want to clarify, that this was based on limited YTD data. I tried getting ahold of more meaningful data but apparently, websites charge crazy prices for that sort of stuff. If anyone has access to quality data, I would love to sink my teeth into it. + +I AM NOT A FINANCIAL ADVISOR + +**Edit:** Wow, I am beyond grateful at all of the support and encouragement I received from the community, Thank you all so much + +I also wanted to address a lot of the common criticisms about statistical analysis. Specifically about the one that goes along the lines of "correlation does not imply causation". **There is no such thing as a statistical test that can prove causality. Correlation** is a measure for the **"strength"** of a relationship, meaning, it measures the impact that movement in one variable makes on the other variable. In a statistical context, the term "significant" is not just a buzz word or a strong adjective, it carries mathematical weight which is established by the **P-test**. The P-test essentially measures the **likelihood** that the correlation between 2 variables is **unrelated**. meaning it measures the odds that a correlation is just based on chance or luck. If you look on the labels of nutrition items, if in the corner of a claim you see a little "\*" it means that statement was deemed statistically significant. For instance, vitamin b 12 claims " helps turn food into cellular energy\*" while other vitamins make claims with no "\*". + +In layman's terms the p-test with regards to GME and NYA basically says that according to the data provided, there is a **.27% chance** that the two are **UNRELATED or a 99.73%** chance they are related. In the scientific community, anything below 5% or less than .05 is considered statistically significant. + +Also, I didn't just test correlation, I also tested covariance. Covariance is not the same as correlation. **Covariance** measures the **direction** of the relationship. In this case, the very large negative values are indicative of an **inverse** relationship. Meaning when one goes up, the other one goes down. + +So with that in mind, this analysis provides a measure for the **direction** of the relationship, the **strength** of the relationship, and the **statistical significance** of the relationship. Apart from that, it does not say why or how they related. That is purely speculation, and I clearly labeled my speculations as to my opinions and you are all free to make your own speculations off of the data, I am not convincing you to buy into mine. + +Lastly, I've seen a few comments that were quickly deleted that questioned the quality of my data. All I have to say is that I spent hours looking for better data and was met with buy walls to the tune of [500 dollars](https://firstratedata.com/cb/1/complete-us-stocks-index-etf-futures) per data set. Not to mention a Bloomberg terminal that costs 24k a year. If someone has access to better quality data please make it publicly accessible and I will be thrilled to redo the analysis with it. + +Other than that, Thank you all so much for the support and awards !! + +**Edit #2,** The first step to solidifying any scientific proposal is reproducibility. u/big_boolean took the initiative and reproduced the correlation between GME and DJIA. He got a correlation coefficient of -0.53 which is close to mine of -0.49. + +[u\/big\_boolean Graph](https://preview.redd.it/uu51ljdpsyj61.jpg?width=600&format=pjpg&auto=webp&s=23556405c1362f35eab8932dca9927ff9b075c69) + +For those who would like to help reproduce or challenge the post, post your results, and I will add them on. For reference, I used 2 degrees of freedom for my calculations. + +**Edit#3** I've started to notice a lot of experts commenting that have a much better and in-depth understanding of applied statistics than I do. To all of you experts, I welcome your criticism. Being that experts in statistics are an incredibly rare breed, I would really appreciate it if you all propose actional propositions that I can take a swing at myself, or better yet I'm sure the community as a whole would appreciate it if you took action and provided your own DD considering you are experts in your fields. If you do decide to provide suggestions if you could list them in stepwise instructions that would be even better. **Pointing out problems/faults is important, but providing actionable solutions even more so!** +We have all heard it! -- “Time in the market beats timing the market” + +At the same time, we are all to some extent guilty of trying to time the market. The market always seems to break some new all-time high records, so we wait for the inevitable crash/pullback to invest. It’s high time we put both strategies to test. Basically, what I wanted to analyze was + +**Whether waiting for a crash to invest is a better investment strategy than staying invested?** + +**Analysis** + +For this, let’s take someone who started investing approximately 3 decades back (1993 to be exact). I created multiple investment scenarios as follows to understand the difference in returns if you + +a. Invested at the exact right time when markets were lowest that particular year + +b. Was extremely unlucky and just invested at the peak every year + +c. Did not care about timing the market and invested at a random date every year + +d. Just hoarded his cash and waited for a market crash to invest \[1\]   + +For analysis simplicity, let’s assume that you were on a conservative side and never picked individual stocks, and always made your investments to S&P500 \[2\]. For investment amount, let consider that you started with investing $10K in 1993 and for every subsequent year increased your investments by 5%. So, you made a total investment of $623K over the last 29 years.   + +**Results** + +**Investment Returns : S&P 500 (1993-2021)** + +|**Scenario**|**Return**| +|:-|:-| +|Invested only during a market crash|391.9%| +|Invested when markets were lowest every year|371.2%| +|Invested every month an equal amount|312.9%| +|Invested at a random date every year|303.2%| +|Invested when markets were highest every year|263.1%| + +The analysis did throw up some interesting results. There’s a lot to unpack here and let’s break it down by each segment. + +The most important insight is that **it’s virtually impossible to lose money over the long term in the market \[3\]**. Even if you were the unluckiest person and invested exactly at the very top each year, you will still end up having a 263% return on your invested amount. + +At the opposite end of the spectrum, if you were somehow the luckiest person and invested only at the lowest point every year, you would have made a cool 100% more than someone who invested only at the top. Given both the hypothetical scenarios are extreme cases, let’s consider some more realistic scenarios.       + +If you did not care about timing the market and invested a fixed amount each month/year, you would still make a shade over 300% on your investments. + +Out of all the above scenarios, you would have made the most amount of money (a whopping 391% return) if you invested only during major crashes. In this type of investing, you would not invest in the stock market and keeps accumulating your cash position waiting for a crash. + +While this seems like a good idea, in theory, it’s extremely difficult to execute properly in real life. The main limitations to investing during a crash strategy are + +a. The current returns are calculated by investing at the very bottom of the crashes. It’s very difficult to identify the bottom of the crash while a crash is happening. You can end up investing midway through the crash and given that you are investing a significant chunk of capital you saved up, it can end up wiping out your portfolio. + +b. [Identifying a crash itself is very hard](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F06f96f61-9b99-4d4a-b6cd-88eece3ecc1d_624x241.png) + +As we can see from the above chart, the years that we consider were great for the market in hindsight still had significant drops within the same year. So even when the market is down 10%, it becomes extremely difficult to know whether it’s going into a deeper crash or whether it’s going to bounce back up. + +**Conclusion** + +While the analysis did prove that waiting for the crash is theoretically the best strategy returns-wise, practically it’s very difficult to execute it. + +For e.g., even if you predicted the 2020 Coronavirus crash correctly, where would be your entry point? The market was down 15% by Mar 6th, another 10% by Mar 13th, and then another 10% by March 20th for a total of 35%. If you did not get in at the absolute bottom, you would have lost a considerable sum of your investment without actually getting any benefits from the previous run-up.      + +It is extremely enticing to be the guy who called the crash correctly and even if you are right, only getting in at the absolute bottom would only give you the best returns. Adding to this, in the last 20 years, 70% of the best days in the market happened within 14 days of the worst ones \[4\]. If you miss just any of those days waiting for an entry point, your returns would be substantially lower than someone who just stayed invested. + +If you think you are in the select few who have the skills to identify a crash and the temperament to see the crash through to invest at the very bottom, you will make an absolute killing in the market! For the rest of us, continuous investment regardless of the market trends seems to be the better choice. + +*Data used in the analysis:* [*here*](https://docs.google.com/spreadsheets/d/1LT3qazGZXHT3qnnBS7oWAZU8n8DH1gv-JsCixN2mdPM/edit?usp=sharing) + +**Footnotes** + +\[1\] I have considered the [following crashes](https://en.wikipedia.org/wiki/List_of_stock_market_crashes_and_bear_markets) for the analysis: Dotcom crash (2000), Sep 11 (2001), market downturn 2002, Housing market crash (2008), 2011 stock market fall, 2015–16 stock market selloff, 2018 crypto crash, Corona Virus crash (2020) + +\[2\] The data for the adjusted close for S&P 500 from 1993 to 2021 was obtained from [Yahoo Finance API](https://rapidapi.com/blog/how-to-use-the-yahoo-finance-api/). The main reason for only going back till 1993 is that Yahoo Finance had only data till 1993.   + +\[3\] [There was an interesting study done by Blackrock that proved the same as shown in the chart below](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F15bf33fb-b037-4a59-b5b9-80e90bafae28_624x257.png) + +\[4\] 70% of the best days in the market happened within 14 days of the worst ones [(Source: JP Morgan)](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb560db47-5078-4b58-84f0-f4c27919eb79_507x352.png) + +*please note that I am not a financial advisor.* Hope you enjoyed this week’s analysis! + +Edit: Since a lot of you are questioning this, the SPY data used in adjusted closing price which accounts for dividends and splits + +[https://www.investopedia.com/terms/a/adjusted\_closing\_price.asp](https://www.investopedia.com/terms/a/adjusted_closing_price.asp) + +&#x200B; + +EDIT 2: Since a lot of you are questioning the math and returns + + [https://imgur.com/o4qN7XN](https://imgur.com/o4qN7XN) + +Check this image. + +its a spy return calculator online ([https://dqydj.com/sp-500-periodic-reinvestment-calculator-dividends/](https://dqydj.com/sp-500-periodic-reinvestment-calculator-dividends/)) including dividend reinvestment + +Check the return when you invest following my same logic -- the only difference is it's a monthly calculator (so the returns would be slightly different) + +10K per year => 833 per month + +5% annual increase => 0.407% growth in investment value every month + +1993-2021 return is 394% on the total invested value. + +&#x200B; + +Cheers +TLDR: + +The official Avanza Twitter account posted the number of shares that were voted as "broker non-vote" back in May/June 2021. I asked them about the current number and they responded, showing a 60% increase. + +Edit: 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🧑‍🚀 + +The slightly longer version: + +Here is the original tweet, back in May 2021. + +&#x200B; + +https://preview.redd.it/qtdthtwslec81.png?width=599&format=png&auto=webp&s=0fb7ab7ab67eaed8d35a66e281f6a49536524645 + +Source: [https://twitter.com/avanzabank/status/1397874363056197633](https://twitter.com/avanzabank/status/1397874363056197633) + +My DM conversation with them, starting last Friday: + +&#x200B; + +[Part 1 \/ 2](https://preview.redd.it/8rr8foy9mec81.png?width=569&format=png&auto=webp&s=5eebe01389fa4ce8b6432722e4280782d4f71beb) + +&#x200B; + +[Part 2 \/ 2](https://preview.redd.it/llwbeyxdmec81.png?width=556&format=png&auto=webp&s=395fc48d16f1185bd104e0c19987f7dba23f8d1c) + +\---- + +Edit: fellow ape u/SimpsonsReferencer actually tweeted at them on Friday as well and got an response, just in case anybody was doubting the numbers. + +&#x200B; + +https://preview.redd.it/jgg3alscpfc81.png?width=579&format=png&auto=webp&s=86e3f356875c29c1464b61df10b30138bfe34e0f + +[https://twitter.com/avanzabank/status/1483091516579057671](https://twitter.com/avanzabank/status/1483091516579057671) + +\--- + +So, in May 2021 22.023 Avanza shareholder held 322.545 shares of GameStop. + +Today, 20.902 shareholders hold 511.178 shares. Source for shareholders: [https://www.avanza.se/aktier/om-aktien.html/194698/gamestop-corp](https://www.avanza.se/aktier/om-aktien.html/194698/gamestop-corp) + +**95% of holders have diamand hands and they overall increased their shares by nearly 60%!** + +What else can we deduct form this? + +The number of average shares at Avanza increased from 14.6 to 24.5. That´ is an increase of nearly 70%. + +And the current number does obviously not include already DRSed shares. + +If this overall increase in shares in retail hands is the same worldwide and i do not see why it should not be the case, this confirms two things for me: + +**We have diamond hands!** + +**Hedgies are fuk.** + +&#x200B; + +And all you corrupt "journalists" and coke rats of this world: you can shove all your "retail has sold" articles up your peehole. + +&#x200B; + +I am hyped about this new information, if there is any doubt about the authenticity of my conversation, i am happy to verify it with a mod or some other credible member of this awesome community. + +Now, excuse me, i will sell my kids bikes to get more shares while the crooks keep digging their own holes. + +DRS is the way, dont let the FUD get to you. We already won, the only question is when the match will be over. + +\---- + +Appendix: float calculation updated + +Editedit: here's a newer version of the calculation https://www.reddit.com/r/Superstonk/comments/s7btza/calculating_the_retail_owned_shares_in_the_most/ + +Edit: Avanza only serves Sweden, not the whole Scandinavia which i assumed first, making the projections much more bullish. Thanks to u/OneTwoOut for pointing that out. + +&#x200B; + +[Shoutout to their Twitter team, awesome response time](https://preview.redd.it/2wow2pd02fc81.png?width=365&format=png&auto=webp&s=22baaa1116db22140cca6abdda28fa1dbb201241) + +I made posts in the past based on some average assumptions and the Avanza and Nordnet shareholder numbers. In my last post about this i took the DRS bot average and assumed that only Avanza and Nordnet exist as brokers in ~~Scandinavia~~ Sweden. Obviously the bot average was to high. + +Avanza themselve published their market share last year ([https://investors.avanza.se/files/pdf/Presentations/2021-05-03\_Bolagspresentation\_ENG.pdf](https://investors.avanza.se/files/pdf/Presentations/2021-05-03_Bolagspresentation_ENG.pdf)), showing that they have an about 18% share (right-most column): + +&#x200B; + +https://preview.redd.it/z40axx2fqec81.png?width=1119&format=png&auto=webp&s=34fa85876e9c54301f043fadaec1fb68928a5315 + +They also state that their average customers age is on the younger side: + +&#x200B; + +https://preview.redd.it/0i8nlntpqec81.png?width=1098&format=png&auto=webp&s=fcdb70f741bde7f46a7c49ba76ec46522a47cf61 + +and obviously the savings are much less in the younger age range: + +&#x200B; + +https://preview.redd.it/wfe9lzktqec81.png?width=966&format=png&auto=webp&s=a24353be9cfdfaf08ab424bb528586a1488797c9 + +With all this i updated my model, assuming the 25 avg for ~~Scandinivia~~ Sweden as reference and also assuming 100k holders in ~~Scandinavia~~ Sweden (20.000 at Avanza, \~20% market share). + +It disregards that older holders at other brokers probably have a much higher average - on the other hand there are most likely less holders in older age ranges. + +Swedes are more inclined to invest in the stock market, so those numbers might not be applicable in the way i did it. + +I think this is still in any case extremely conservative, because: + +a) Average shares and shareholder number in the US and Canada is probably much higher + +b) It completely ignores DRS + +&#x200B; + +Anyways, thats what my model shows for the Top 30 countries by GDP only, which only accounts for about 1/8 of the worlds population: + +&#x200B; + +https://preview.redd.it/myxfym5j1fc81.png?width=610&format=png&auto=webp&s=8e94b341d597ec2ca161f506969f1f70a5110978 + +&#x200B; + +Take this with a big grain of salt. But there is no doubt in my mind that we owned the float in June last year - probably multiple times - and the Avanza data shows a very significant increase since then. + +Also the DRS bot and the GCS surveys for US and Germany showed a much higher average (iirc \~60 to 155 should be the range from that) and also a lot more hodlers. +I’m looking at Wells Fargo, Bank of America, Citigroup, or TD Bank. I want one I can buy and hold for decades. I’m attracted to Citi at its current price and good yield but I believe Bank of America is also well placed to deal with increasing demand in online banking. TD bank is insulated a bit from US fed decisions and Wells Fargo has been generally good to me since I got into it a few years ago. +I am relatively new to dividend investing as of March of 2021. I originally started with the Idea that I would go all in on T and VZ. Fast forward to today and I’ve matured to 7 Stocks. T, VZ, MMM, CVX, PEP, KO and REYN. + +The idea is I get a monthly dividend payout Jan - Dec. Which is not a new strategy but an easy one to have fun with. Started my goal of $10.00 in divs from each stock, reinvest and add bi-weekly pay. I’ve grown the payouts from $20-$30-$40. At present I’m averaging $50 monthly in divs. and growing. (Although I’m really at $70, I adjusted for T shares div to 1/2 $0.26 est. because next year there spinning of a portion of their business.) I find that it’s easier for me to stay engaged when I feel like a home owner collecting rents each month. Bonus: Rents increase each month. Lastly, I got my two oldest working daughters in the early 20’s on this plan and they love it. + +Moral of the story find a way to have fun and get it done! :) + +($15.5K Invested) Age: 44 +Netflix Inc. is the latest U.S. technology company to admit defeat in its ambition to conquer the Chinese market, joining a growing list of companies to be stymied by a challenging regulatory, legal and competitive environment. + +The streaming giant said this week that it has decided not to attempt a full-service offering in China, preferring to work with local partners. +http://www.marketwatch.com/story/netflix-is-the-latest-us-tech-company-to-fail-to-conquer-china-2016-10-19?siteid=yhoof2&yptr=yahoo +So Laura Shin, the crypto journalist, released her book, the Cryptopians, which goes into detail about founding of Ethereum, its cofounders, and uncovers the alleged identity of the Ethereum DAO hacker. In the book, we learn many things about the founders including some of their behaviors. One that I found more fascinating was Charles Hoskinson's given how drawn many are to him. + +Having read the book, a twitter user calls out Laura for portraying Charles in a bad light. Hoskinson replies to the user that Laura's book is a , " Great work of fiction. Tough market to beat George R.R. Martin and Tolkien, but we wish her well." She then replies with some receipts, showing that Charles hasn't been very honest regarding some of his claims such as his level of education. At this point, can we trust anything Charles has to say because time and again, he's shown to not be very reliable? There's nothing wrong with not having a degree; however, to lie or stretch the truth in such a space where people are looked upon as "experts in their fields" is appalling. + + +I know the Cardano supporters will probably downvote me to oblivion, but F it... someone has to say something. Here are the receipts: + +&#x200B; + +[Charles' claims about graduating but not completing his PHD](https://preview.redd.it/jox9ta3up0m81.jpg?width=685&format=pjpg&auto=webp&s=3d6849041bbcf0f129a8b93e488e6a509387b7c8) + +[Spokesperson from Boulder University confirming he did not earn a degree from Boulder](https://preview.redd.it/73lygygft0m81.jpg?width=1142&format=pjpg&auto=webp&s=ecc854f7c97a7b5b8fe12102c1bc96fa7301f873) + +https://preview.redd.it/6obuxklwp0m81.jpg?width=936&format=pjpg&auto=webp&s=e69aae6d65ffdb92f2b51f36c270d3178142a2c3 + +&#x200B; + +[University of Denver Confirmation](https://preview.redd.it/kqi1mkcng1m81.png?width=694&format=png&auto=webp&s=0b8a20bd271cfb2a7852f9c8bfe05603d877548c) + +&#x200B; + +[Confirmation he didn't complete](https://preview.redd.it/vbjl723cx0m81.jpg?width=711&format=pjpg&auto=webp&s=fcdc906d2bede9ab99e35b6f44f296806c1e490f) + +&#x200B; + +https://preview.redd.it/oc46tj8le1m81.jpg?width=684&format=pjpg&auto=webp&s=52227a34ead2c537d4e324ac7dbd1cf033b417b4 + +&#x200B; + +[In an interview, Charles says he was a grad student trying to get a PHD when he first heard about bitcoin](https://preview.redd.it/ktvxkusbf1m81.png?width=676&format=png&auto=webp&s=e337ded84617e3b6be515baccd0eb28879a5e8ee) + +Here's the audio: [https://twitter.com/laurashin/status/1500556969886760963?s=20&t=SFGXVHVe-uwt5MJVTUkGSQ](https://twitter.com/laurashin/status/1500556969886760963?s=20&t=SFGXVHVe-uwt5MJVTUkGSQ) + +[The wiki page on Charles](https://preview.redd.it/sw2dd2w2v0m81.jpg?width=1284&format=pjpg&auto=webp&s=721b2a82f71f724730f5cc4974d9e78d08545ba9) + +\*\*Edit: + + +Here are some more interesting things I found: + +[A fascinating read about Charles, apparently during the period of the Ethereum founding](https://preview.redd.it/dhusqm3vq1m81.jpg?width=1536&format=pjpg&auto=webp&s=d06e08fc3ba89966ff7db5df63dcda3efe15fe39) + +[continuation...](https://preview.redd.it/jl8gaeqyq1m81.jpg?width=1536&format=pjpg&auto=webp&s=620728a0aeea81451b03c0c020a51f2e5f189512) + +[Those close to the Ethereum project were consulted regarding the book](https://preview.redd.it/newadki7o1m81.png?width=593&format=png&auto=webp&s=a225404d8fe8748ac4e223a67b855269f0703bee) + +&#x200B; + +[Charles wasn't the only whose dirt came to light in the book](https://preview.redd.it/lfjpdt0dp1m81.png?width=604&format=png&auto=webp&s=f2690512c0e78ae885573f52ac54616a8220aebf) + +&#x200B; + +[The discrepancies between what Charles said and the facts](https://preview.redd.it/ww6utj7qp1m81.png?width=564&format=png&auto=webp&s=06117144fd0f4aed2822e4bad7625f2284418924) + +&#x200B; +Okay this has been on my mind for the past month right now. Couple of my stocks have have reached -50% to -60% and eaten into my profits both unrealised and realised. I only have like 3 sold that I really want to keep as they have bagged but they all trading at all time highs as well. + +Should I sell my entire portfolio and start fresh? I was up $90k all up but will only be up around 10k after everything. But I would free up around $150k capital to make a new portfolio. + +Should I commit to this recovery strategy? I mean I can just treat the time as a learning experience and walk out with a gain still. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +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). +Kids... + +Timing the market like I did yesterday is the WRONG thing to do. However, I sense the Euphoria stage in full swing, and I think there are good odds Bernie Sanders could win Iowa and then New Hampshire sending Wall Street into a panic. + +I am posting this here just to say you always have to trust your gut instinct. Sometimes doing the wrong thing just feels right. +(Like having sex with hyper-sexual mentally unstable Milfs for example). + +I know I will be downvoted to oblivion but I am following Warren Buffets advice and am being fearful when others are greedy. + +Good luck friends! +Hello, I hope this is the right thread to post this on, if not, please let me know! + +After 8 long months of searching, I finally got a home offer accepted and I have home inspections, pest inspections, and the appraisal lined up. I already anticipate some repairs that need to be made but am not sure how to prioritize needs and what to focus on. I think I know what to do, but this is all based on common sense and basic research. + +If you have been in my position before: first time home buyer; bought a duplex; limited cash after the purchase is finished (<$20k)...what would you have done differently? What do you think I should think of that isn't typical to consider? + +Here's my current game plan: + +1. See how the reports come back and negotiate with seller if need be. Close on the property, it will be delivered vacant. +2. Prioritize pest, plumbing, and foundational repairs (I already anticipate I need to replace all the doors; windows; blinds; flooring; paint; replace the vanities in the bathrooms (3); and replace the interior stairs of one side; there is also yard work and fence replacement which I won't prioritize?) +3. Repair 2nd half of rental first to rent out asap. Ideally find a renter quickly +4. Upgrade 1st half of rental +5. Replace fence +6. Re-pave / fix the driveway and yard work in general +7. In the future (6months-2years), once I have a renter established, I'll look into refinancing my mortgage for a better rate / lower costs + +In my planning, I have looked up the cost of items (on Home Depot/Lowe's) but it's too soon for me to get quotes from professionals or general contractors - I want to wait until inspections come up. + +What else can I think about; anticipate; or just leverage to make sure I'm doing this as right as possible? + +BTW: I looked up market rent for what I could get for the 2nd half of the rental, it likely won't cover all of my costs (i.e. mortgage + escrow) but it will likely cover my mortgage at least. Market rent for a 1bed/1bath is about $1200-1500 and my mortgage + escrow will be about $1800-1900/monthly. + +The rental will be 1bed/1bath w/ garage & private driveway; Private laundry (top loading washer/dryer). +Do you want your family name attached to this kind of project? We've always lived conservatively and tried to stay 'below the radar', so we're hesitant to want to put our name out there. Still, this place was very important to our family for many years, and having our name on it might be nice for posterity. Anyone here who has faced this before care to share your experience? +I’m hoping maybe this makes some folks feel better. I’m 44, married, and have a roommate and a mortgage. + +My husband and I each have car loans and credit card balances. + +No student loan debt at least. + +We live paycheck to paycheck. + +We’re actively working to pay down debt and I am so so grateful. + +I may never be totally debt free and I’m okay with that, and would you believe it, happy? + +EDIT: Thank you for all the upvotes and comments. My husband is not my roommate, though I do live with a roommate and my husband. I’m not cavalier about debt, and I’m a semi-devotee of Dave Ramsey. I just recently paid of a credit card and I have 1 left. My reason for posting is because of all the posts where people post screen shots of their paid off credit cards. That’s great, but this is poverty finance folks. Not everyone can get there! I do have a side hustle as does my husband. I’m not thrilled about being in debt but that’s where I find myself right now. Good luck everyone! +*Thank you all for your input! I’ve read every single one and I’ve learned a lot. Apologies if I wasn’t able to reply to all of you, but be assured I read all of them. I feel much better about BTC. +I'm 23 years old and my dream is to retire early (around 50-55) and travel the world. Ideally, I'd like to take one international trip and maybe one domestic trip a year until then. Some stats about me: + +- Currently make $63k/year as a teacher. My pay scale goes up to $133k with experience/post-grad education (which I plan to max out). This payscale increases each year by 1-3% based on cost of living adjustment. +- Have 6 months emergency fund savings +- Maxed out Roth IRA (opened it in April) +- 10% of my pre-tax income goes to retirement (CalSTRS) and my employer matches that +- Recently started investing with Robinhood (only put in one-time payment of $100 til I know what I'm actually doing there) +- ~$600/month in credit card fees (edit: I use my credit cards to buy my "needs" and pay them off in full every month. $25 minimum and no annual fees. Sorry for the lack of clarity) +- 16% DTI +- Currently put $900/month in savings +- 797 credit score +- Don't have kids and don't want any + +What should I do next if I want to retire early? Open a 403(b) retirement account? Save for a house? Would these things entail me scrapping my travel plans? + +Any advice would be appreciated! +I have a contract that was just signed by the tenant yesterday. Security deposit and 1st month's rent has already been paid. + +The tenant is causing so many issues already. Wants the place to be ultra cleaned (called and bitched at 10pm because there was dry water marks inside the dishwasher and water stains underneath the sink cabinets) and now is complaining that the condo needs to be repainted and wants me to pay for half. + +It hasn't even been 24 hours. They are not moved in yet. The condo is still empty. + +Is there a way I can cancel this contract without being sued? +Those who have watched the movie The Big Short will probably remember Michael Burry pointing out that before every recession fraud rates go up, this has been true for every recession/depression starting from 1929. + +The same has already started at least for UK and India. Financial fraud rates are at an all time high. But due to excessive quantitative easing by central banks the markets are totally immune as of now, I am kind of worried what is going to happen, if those indicators turn out to be true. I just started earning and have already started investing in stocks. + +Since my last post drew a lot of flak for not providing data, here are some sources: + +[https://www.experianplc.com/media/news/2020/fraud-rate-rises-33-during-covid-19-lockdown/](https://www.experianplc.com/media/news/2020/fraud-rate-rises-33-during-covid-19-lockdown/) + +[https://www.livemint.com/money/personal-finance/debit-credit-card-rules-changed-from-this-month-set-limit-switch-it-off-when-you-don-t-use-11601630769802.html](https://www.livemint.com/money/personal-finance/debit-credit-card-rules-changed-from-this-month-set-limit-switch-it-off-when-you-don-t-use-11601630769802.html) + +[https://www.financialexpress.com/industry/banking-finance/bank-fraud-24-directors-of-ghaziabad-bank-booked-for-embezzling-around-rs-100-crore/2087899/](https://www.financialexpress.com/industry/banking-finance/bank-fraud-24-directors-of-ghaziabad-bank-booked-for-embezzling-around-rs-100-crore/2087899/) + +[https://thewire.in/tech/financial-fraud-rising-because-of-more-digital-payments-ajit-doval](https://thewire.in/tech/financial-fraud-rising-because-of-more-digital-payments-ajit-doval) + +[https://www.helpnetsecurity.com/2020/09/28/covid-related-fraud-schemes/](https://www.helpnetsecurity.com/2020/09/28/covid-related-fraud-schemes/) + +[https://www.dqindia.com/growing-popularity-gift-cards-becoming-attractive-target-fraud/](https://www.dqindia.com/growing-popularity-gift-cards-becoming-attractive-target-fraud/) +Now that I have your attention, I was sucked in by a personal banker to buy HDFC Life Sanchay Par Advantage plan. The guy just called. Showed me mouth watering illustration of how I will get 39k every year, If I just invest 1 lac every year for the next 12 years. He didn't give me enough time to think. I was sucked in. But since then, I have seen reviews of the plan and they are NOT favorable at all. How do they arrive at the 39k per year cash bonus every single year. I kept pointing out that this 39k is non-guaranteed in the illustration. But he kept on telling me not to worry. Id be grateful if someone can point out what they are hiding? The illustration is here: [https://imgur.com/a/nlYutfP](https://imgur.com/a/nlYutfP) + +Update: July 17th. + +So, I have initiated the cancellation process. I spoke to the agent just to know what he is going to say, and he was like I will only get back around 89k for the 1 lac premium that I had paid. Even if it is within the free look-in period. I immediately knew he is bull shitting and proceeded to mail HDFC Life to cancel it. They emailed me back saying I had to go to the nearest HDFC Life branch to get it cancelled. I realized that they would try to convince me in the branch, hence I insisted on cancelling by mail itself. They accepted and have now initiated the process. Meanwhile, I wait and hope they refund the amount to my credit card before the due date of the credit card bill. +Let's keep this short and sweet. I work at a financial institution - one of those that might melt the global financial system if it failed (I've verified this before with pink and one other a while back when I made a post on total return swaps) Over my time there, I've come to learn one very important key to this saga - It's all about the collateral. (and the hedge). + +When you are knee-deep in a levered short TRS (total return swap) position against GME, which I do strongly believe is the case given the evidence, the 2 most important things are the quality/stability of your collateral and the correlation of your hedge. + +Currently, SHF and friends are walking on an interesting tightrope, one which they won't ever make it to the other side. + +Collateral - The securities which you own that are to be posted against your current derivative exposure to protect against counterparty risk. Typically this is in the form of Initial Margin (a fixed amount at the inception of the trade) and Variation Margin (a variable amount that changes as the market-to-market of your position changes). Normally, banks and market makers require good quality collateral for this (think Investment grade bonds, US Treasuries, US Index Funds, etc) NOW THE BIG PROBLEM - The value of all of the above has been flushed down the toilet. Bonds, down the drain. SPY, down the drain, etc.Typically most hedge funds, especially the hedge funds in question are utilizing stocks with a high correlation to the esspeewhy and major indices as collateral. (rainforest, battery-powered hot wheels, fruit stock, etc) Problem is, as the value of those craters with like the titanic, so does the posting requirement.Now I firmly believe that the powers at be, are, and have been for the last year, in a death spiral with their GME positions vs their underlying esspeewhy collateral. + +Below is the current ratio of SPY/GME and as you can see, we seem to be in a bit of a trend. A trend that for some reason cannot be broken to the upside (where GME depreciates vs esspeewhy) but whenever it breaks to the downside (where GME appreciates vs esspeewhy) we begin to experience extreme IV spikes and halts (jan21, march21, june21, nov21, april22, august22). I believe that these IV spikes/halts that we are seeing at the bottom of this trend are margin calls, margin calls which are only met and subdued (allowing them to aggressively short the stock into the ground again) by posting more collateral. Now what you will notice here, is that we are floor to the upsize, which means, GME is unable to be shorted or pushed above the top of the trend, this likely represents a point of overleverage that will also result in a margin call, which explains why we seem to rally off of the top of the trend, every time we get shorted there. + +&#x200B; + +[espeewhy\/GME](https://preview.redd.it/firv3ceofht91.png?width=633&format=png&auto=webp&s=dc5abfae095939ebd4b98a4031fea67604f1b014) + +Now take a look at espewhy / sticky floor.. + +&#x200B; + +[esspeewhy\/swapcorn](https://preview.redd.it/hemwpo94hht91.png?width=631&format=png&auto=webp&s=53c523a8da398cb288ec68a08af95e1be0fae430) + +&#x200B; + +What you are seeing here, is the break of this trend to the upsize (where sticky floor depreciates vs espeewhy). This is very much a result of both the lack of DRS (which has floored GME) and, Adam Enron's ever-so-clear criminal dilution through the use of their "special" (regarded) dividend. I do believe that the SHFs, given this ratio were previously caught in a sticky floor short over the last few years, but thanks to their gracious leader, through dilution and more dilution, he has given the sticky floor shorts, a chance to cover their positions and not only that, enter into somewhat of a long hedge against GME. + +Now on to a bit of a controversial topic.. The Hedge: + +&#x200B; + +[esspeewhy \/ towel](https://preview.redd.it/tey4zrvwfht91.png?width=628&format=png&auto=webp&s=9a2c005ef4fe5a196f6c70c1a3d97a43278c4596) + +Above is the same ratio as discussed above but with esspeewhy/towel stock. And as you can see, it's in even worse shape than sticky floor where it continues to break to the upside (depreciating vs esspeewhy). Once again clearly showing the power of DRS and how it floors the price of GME vs esspeewhy on the trend. + +Now, this may be a little speculation but I do believe given the price action and the ratios above, that towel stock was indeed a hedge position against a massive GameStop short. A hedge that Ryan was potentially (likely) aware of when he purchased shares with the intent to either convince the towel stock board to follow a turnaround plan which may have lead dilution (fuk hedgies) or some sort of synergy plan with GME, but even if that didn't pan out, he could still pull the rug on that hedge and ruin it for the SHFs at any moment.. which he did (kinda, but mostly the uuessbee crowd panik selling).\^ *this is pure speculation on my part, think what you will\** + +The Last Act: + +&#x200B; + +[GME\/swapcorn](https://preview.redd.it/iua3xfe2ght91.png?width=489&format=png&auto=webp&s=da7c410bde4a44506cb5f3b70481234521f2ea8d) + +Above is the ratio of GME / sticky floor. One which has been trending up (GME appreciates vs Popcorn) for the last year and half. + +&#x200B; + +[GME \/ towel](https://preview.redd.it/r1hodra4ght91.png?width=493&format=png&auto=webp&s=6575af046f972764ebbaa856291142fac4891da0) + +Likewise, the above is the ratio of GME / towel stock, which has once again been trending up for the last year and a half (GME appreciates vs towel). + +Given the above ratios and metrics, I do believe that GME decoupled from sticky floor and towel stock as a result of DRS, a painful cost to borrow, and the extreme leverage being used. At the same time, it is now in a death spiral against esspeewhy collateral (which is depreciating quickly) which if we look closer at the below, has an end date, conveniently located at the 2y point from the sneeze. (sorry to rejack those tits). Now, this isn't to say that it will take until January for liftoff. I do believe given the evidence we have seen against the bottom of the ratio (where GME becomes extremely volatile through halts, iv pumps, etc) that if the GME ratio vs esspeewhy were to break below through this margin line (appreciate vs esspeewhy), and hold that rise in value, it would likely trigger a violent wave of margin calls and liquidations to the likes of which our market has not seen before. + +&#x200B; + +https://preview.redd.it/9ngu2g3aght91.png?width=516&format=png&auto=webp&s=571a0d1494845824e8177493d17ee57754861568 + +TLDR: Esspeewhy stocks are being used as collateral. That collateral is depreciating quickly against GME; When that ratio breaks to the downside (GME appreciates vs SPY) below the 2-year-long trend, the end times begin. At the same time, towel stock and sticky floor are the SHF hedges that we are currently decoupling from thus cornering them from both sides. + +Now, this isn't meant to be TA. These ratios don't typically occur in normal stocks. And they most certainly should not be occurring with a 7BN market cap console and preowned games retailer (as the media claims) versus the whole fuckin market. Do with this info as you wish, ill just buy and DRS some more tomorrow. + +\-Chairman (Dad?) is back from his milk run!-Almost a billion cash on the balance sheet-$100 million stashed for buybacks-NFT marketplace alpha launch (games, music, movies...everything)-FTX Partnership and Defi stock exchange(there's more i know, I'm just tired) + +55% DRS AND COUNTING... Id really hate to be mayoman rn. + +Thnx for coming to my Ted talk.. +**Situation** + +* 40. Married. Two young kids. Spouse doesn’t work +* San Francisco area. Engineer at a FAANG company + +&#x200B; + +**Financial** + +* Net worth: $4m + * Taxable index funds: $2m + * Long-term vested company stock: $900k + * 401k: $800k + * Roth IRA: $200k + * 529: $100k +* Allocation across all funds: 40% Total US, 30% Total International, 10% Emerging, 10% REIT, 10% Total Bond +* Cash dividends from taxable funds: $3,000/mo ($36k/yr) +* Renting. No mortgage or other debt +* Vehicles are new, dependable, and paid off. Keeping as long as possible +* Last year’s spending: $8,500/mo ($100k/yr) + +&#x200B; + +**FIRE plan** + +* When: A few months +* Type: FatFIRE, maintaining current lifestyle +* Move: To an area with much lower housing costs. Most other expenses are 20% cheaper there +* Estimated max retirement spending: $8,500/mo ($100k/yr), although will likely be lower due to new COL + * Housing: $3,000/mo ($36k/yr). Rent while getting to know the new area before buying a $750k house. Put $300k down payment down to stay under the jumbo loan limit of $450k. 30yr fixed mortgage on $450k is about $3,000/mo including property taxes and insurance. No intent to pay off early. Although this may seem extravagant, a nice home for my family is a reward after years of hard work + * Healthcare: $2,500/mo ($30k/yr) to be safe. Open market. If annual MAGI is <$100k, would be eligible for premium tax credit with two kids + * All other expenses: $3,000/mo ($36k/yr), although likely lower. Travel is the biggest wildcard +* Withdrawal strategy: Dividends from taxable funds of $3,000/mo ($35k/yr) will take care of a chunk of my overall $8,500/mo ($100k/yr) expenses. The remainder ($5,500/mo) can be drawn down at a 1.8% rate from pools like my remaining company stock, Roth IRA contributions, and taxable funds (although this would mean fewer dividends going forward). If dividends aren't used, withdrawal rate would be 2.8%. According to EarlyRetirementNow, anything <3% is [close to fail safe](https://earlyretirementnow.com/2018/08/29/google-sheet-updates-swr-series-part-28/). +* Withdrawal frequency: Monthly, to keep more money invested longer +* Equity and bond allocation change over time: None, remaining high equities. I'm aware my house will become a larger part of my assets over time +* How to spend the time: Raise kids. Time with family and friends. Travel. Personal coding projects. Plenty of hobbies +* Future side income: Not banking on any at the moment + +&#x200B; + +**Last checkup questions** + +1. What’s the best way to handle the $900k in company stock? Selling it all before I leave would reduce risk and give me the cash I need for a future house down payment. However, it’d pile on top of this year's already high tax bracket earnings and create a huge tax bill in my first year of retirement. Alternatively, I could wait until next year when I'm retired and use the company stock as the first pool of money to draw down, and if I kept my income low enough (under $77k), I’d pay 0% capital gains on the chunk I'd sell. +2. Once the company stock is sold off completely, would Roth IRA contributions be the next best pool to draw from? This wouldn’t count towards income, making it easier to be under the limits for the premium tax credit and 0% capital gains rate. It’d also preserve my dividend income by not dipping into taxable funds yet. +3. How hard is to get a $450k mortgage without being employed? I’m hoping exceptions can be made for showing proof of large equity assets and having an 800+ credit score. +4. Overall, is my plan good enough to FIRE soon? + +&#x200B; + +Thank you! The advice from this sub over the years is a big reason why I can do this. +I log into this Roth account every morning to check. **This morning, the close price from yesterday ranged from $5 - $550 every few seconds.** I already DRS'd my regular shares into Computershare, and these shares will now follow the path that others have blazed for IRA shares. + +&#x200B; + +I will say from the moment I bought into GME I have been uncomfortable that brokers can play with our money. That feeling is only confirmed by all of this Fid Fuckery! + +&#x200B; + +Cone Poo Chair is the only true path and we all know it. Stop wasting time and join me in a Roth transfer wave! + +See you on the moon! 💎👐🦍 + +https://reddit.com/link/r6gbdi/video/xrzpx1ll2y281/player +Here in the U.S., hundreds of thousands of people are currently being told to evacuate their homes. Millions more are being advised to prepare "go kits" so they are ready to evacuate if necessary. Most of the time, these advisories suggest that you have copies of your "important papers" to bring with you. But it's a little hard to imagine what these would be. The courthouse already has a copy of my deed. The insurance company has an online version of my policy. What are the "important papers" I should have in my car when I'm driving away from the disaster? +I never realized AT&T is so expensive. + +I discovered this by weighing the costs of buying an unlocked iPhone (~ 500$) and jailbreaking it for T-Mobile vs. getting a plan with AT&T. + +I want to develop games and apps for the iPhone because (IMHO) the Droid Market isn't cutting it. PS - I currently have a G1. + +edit: I hope I'm not coming across as a T-Mobile salesperson. I never realized how cheap it was, comparatively. Shouldn't I share the news? +Casual convo. Curious what are some small-ticket "should I buy" purchase decisions playing in people's minds at fat level, and your rationales. + +I need a prominent desk clock planted conspicuously behind me so in-person meetings at my office end on time. I am fixated on a Panerai desk clock, but can't justify the $3K tag. Have researched alternatives, but honestly don't want any other clock. What logic should apply here? + +Do I compare it to the price of a watch? Cost per use at $10/day over 1 year? It's a value question, my best reference point is that my watches/jewelry items only go up to about $5K. I was raised on $10 clocks. + +If not now, then at what point in my career do I justify this sweet clock of every modern lawyer's dreams? I have one level left, but it is unlikely I will get there in my career. So if not now, then I think this one is a "never." I still look at it online though, it makes my heart sing every time. +Holy shit, how fortunate are we? We are awake about all the nonsense that is unweaving around us. + +We see the fed, we see the commercial backed mortgages, we see Evergrande, we see citadel, point72, puts in Brazil, we see the scramble to change rules and fight what we are becoming... The inevitable. + +Waiting patiently for our chance to gain our share of the wealth and finally put it better use than the system did. + +But the biggest wake up call for me, was the simplest: we are safe. + +SAFE. What do I mean? In the complete collapse, there is very little dry land. Even bystanders who just have meager savings in a cash account are going to get bitten when their banks are facing liquidation. Brokers with bad bets are going to have their clients wealth at risk (after all, the shares are the brokers assets, not theirs). + +But ComputerShare as a transfer agent is completely safe. They don't play the markets. Even if GME dips hard, we are never at risk of complete disruption and loss. + +A transfer agent is better than your damn bank right now. Wild. + +It's the safe place under the mattress of what will be a shit storm 2022 to 2024. + +We are blessed to be here, for all the shit we've been through. + +A deep fucking cheers to DFV, RC, Larry Cheng and GME leadership, sincere thanks to QueenKong for DRS even existing. Thanks to all of you to rallying together for the looming crisis. + +We are all individual investors, but even without MOASS our collective commitment to buy and hold in a transfer agent will insulate all of us. + +🦍🍻🦍🏰🎆🦍♾️ +The short is that my wife and I were making over $120k. I drove a stupid expensive truck and she needed to quit her job. + +Cut to late last year where I ditched my truck for an electric vehicle saving a combined $500+/ month gas and payments. She quite her job and got $5k in back pay, the EV tax credit yielded me a $6.5 tax return and my work bonus was $3k. + +We also heavily reorganized our finances, changed insurance providers, and got our spending under major control. We were never at risk when she was working, but we ate out too much and spent too much money on junk. + +We took this "windfall" $14k and sat on it as it came in across Jan/Feb/Mar. I watched our savings grow past our emergency fund limit and everytime I had the urge to go out and upgrade my vehicle again I would pay off a student loan. I just made another payment and feel proud that I am working to dig out of the hole instead of digging deeper in. + +Anyone struggling out there, when you get money don't do what you want to, do what you need to. I am confident that buying that vehicle wouldn't have truly negatively affected me, but the loan is something I won't be living with and that will be unequivocally the better life option. + +Thanks for reading as I still fight the emotional feeling if wanting my expensive luxury truck I can no longer afford a down payment on. +So I (F19) have been working for a few years now and saved a few grand. Initially I was putting money aside to pay for college/accommodation but I basically got a full ride scholarship where all of my fees are covered. I’ve also recently gotten a new (part-time) job that pays quite well (for a student) and have money coming in every month. + +I want to spend some of the money I’ve saved on myself but can’t bring myself to do it, as I feel guilty. Growing up we didn’t have a lot of money and I feel the need to save every penny I have, so how do I become comfortable spending money and not feel guilty? +I hope this is money-related enough. Forgive me if it is not. + +At least where I live in the USA (top 20 metropolitan area), I see help wanted signs everywhere. Many of these jobs require more of a willingness to learn as opposed to an established skill set. Every fast food restaurant has a help wanted sign up. Most of the chain sit down restaurants of which I am on their email list have sent out requests for applications. My friend went to get her phone fixed today, and the manager asked her is she knew anyone who needed a job. One of our local pool supply stores hires every Spring for the Summer rush. They usually have dozens of candidates. This year, only one person filled out an application. Most of these jobs referenced above will pay a few dollars over minimum wage at best. + + +At the same time, I was looking at job posting sites for professional jobs. Every day, there are hundreds of new professional jobs posted in my general area offering good salaries. Every school has a sign out front begging for people to sign up to be substitute teachers. Granted these jobs require a more specific skillset. + + +So my question, if so many jobs appear to be available (at least using my narrow parameters), why do we have over four million citizens in long-term unemployment and another two million out of employment at least five weeks (according to Bureau Of Labor Statistics report for March 2021)? Is it because the money provided from the extended unemployment benefits makes it not worth seeking some employment opportunities? I see folks in here desperately looking for work though, so that can't be the only issue. Are some parts of the country much better off than others right now? Not trying to put down anyone in the market for employment, but trying to understand the dynamic. +I'm always anxious as hell from the moment I spend money even on things I enjoy, If I order something online or in a store I immediately think of sending it back. + +How do I stop fearing spending money? + +someone help plz +Hi I am a 13 year old kid from the uk and I’m trying to start a business plus make some cash as I am to young in my country to do any proper jobs any ideas as i need to find a way for people to notice me and also a way for some to pick a kid like me over a adult any ideas would be appreciated thanks a lot +I make 504 every week. (470 at the beginning of every month due to union dues) 223 car payment and 196 insurance and 70 for concert ticket payments. I have until December to have as much money in my savings for my wedding. Any advice? Around 400 I'd need to save to have the most by Dec? + +EDIT: ITS 10K. Not 20k. +So inflation is a thing yeah back when our parents were our age they could buy a meat pie for 50cents or whatever currency you guys use. Nowadays in 2022 they cost nearly 5 dollars. If us as young adults are made to buy our groceries every time we need to shop after we get a part time job. Which lets be real most teens in high school work at fast food restaurants and haven’t even got enough money to save because it’s below minimum wage. Why is the expectation of parents that you should move out from the house when back then property’s cost like 100k or significantly lower than that. Now your lucky to find a property under the 6 digit mark just feels stupid to me + +I’m 21 years old in my last semester of college. I really really need rent money. As of right now I don’t have enough to cover it, and cannot drop out and have to live near school. Any way you put it, I need a loan however I have too low annual income for pretty much anywhere to give me a loan. Estimated around 15k, and no co-signer. Even if it’s a bad rate I only need 5000 and I’ll have a job after school which won’t make that an issue. Where can I get a loan quickly in my situation? +I hope this is money-related enough. Forgive me if it is not. + +At least where I live in the USA (top 20 metropolitan area), I see help wanted signs everywhere. Many of these jobs require more of a willingness to learn as opposed to an established skill set. Every fast food restaurant has a help wanted sign up. Most of the chain sit down restaurants of which I am on their email list have sent out requests for applications. My friend went to get her phone fixed today, and the manager asked her is she knew anyone who needed a job. One of our local pool supply stores hires every Spring for the Summer rush. They usually have dozens of candidates. This year, only one person filled out an application. Most of these jobs referenced above will pay a few dollars over minimum wage at best. + + +At the same time, I was looking at job posting sites for professional jobs. Every day, there are hundreds of new professional jobs posted in my general area offering good salaries. Every school has a sign out front begging for people to sign up to be substitute teachers. Granted these jobs require a more specific skillset. + + +So my question, if so many jobs appear to be available (at least using my narrow parameters), why do we have over four million citizens in long-term unemployment and another two million out of employment at least five weeks (according to Bureau Of Labor Statistics report for March 2021)? Is it because the money provided from the extended unemployment benefits makes it not worth seeking some employment opportunities? I see folks in here desperately looking for work though, so that can't be the only issue. Are some parts of the country much better off than others right now? Not trying to put down anyone in the market for employment, but trying to understand the dynamic. +I recently purchased a recommended book to more familiarize myself with options and how they work. My initial thoughts were, it’s a probably a good idea to read or learn about how the Greeks work before I really start buying or selling options willy nilly with my basic understanding. + +Its a good book, it won’t be money wasted and I’m sure I’ll have a better handle on things than if I’d never bothered to learn anything. + +That being said leafing through the book I quickly realized I’ll either never understand some of the math or it would take a lot of effort. + +My question is can you be successful if you understand the strategies but aren’t necessarily a mathematician. +In a wave of shitcoins it is breathtaking to find a BSC token with actual utility. Here is the reason why I am confident this token is here to stay. + + + +Pissmissile is a deflationary community token empowering its content providers with the ability to earn $PISS tokens based on the content they produce. Each content creator will be able to earn a portion of the token earnings generated from the trading fees to the ratio of point earned by user to total platform points. The trading fee pool goes entirely to content creators, thereby stimulating them to create more and better content. + + + +Content creators and users alike will be encouraged to engage with the platform by earning points. Creators will be rewarded for upvotes and punished for downvotes, while users will be rewarded for engagement. All content on the platform is a NFT, which can be exchanged for $PISS tokens at any time through the embedded marketplace where users can purchase creator NFT’s and begin accruing there points earned on the platform by that content. + + + +All content created on the Dapp will be owned by the creator as a NFT (Non-fungible Token) with the ability to monetize through points earned or outright sale, thereby empowering content creators. + + + +The team will fully dox in week 20 of 2021 during an AMA and Linkedin links of each developer and team member will be shared on the website. The developers are very active on telegram and easily approachable. If you’d like to learn more about the potential of $PISS check out their website and try out their demo. This is a rudimentary demo just to show process, much more will be rolled out in the future. + + + +Yes, Pissmissile has an actual working demo available on their website and will showcase an updated demo next week. The first version is scheduled to go live in 6 weeks and a countdown timer can be found on their site. + + + +Each transaction will be taxed for 6% of its value. Of this fee, 2% will be burned to liquidity to pancakeswap and 3% will be redistributed amongst $PISS holders. With each transaction the supply of tokens will decrease, while the redistribution will reward holders and punish early sellers. + + + + + + + +LINKS + + + + +🥞 PancakeSwap (V2): https://exchange.pancakeswap.finance/#/swapoutputCurrency=0x6888dda03feebd71791b65d92640dbc143e3e234 Set slippage to 7%-12% + +📈 Chart: https://charts.bogged.finance/?token=0x6888dda03feebd71791b65d92640dbc143e3e234 + +🌐 Website: http://pissmissile.io + +💬 Telegram: https://t.me/pissmissile + +🐣 Twitter: https://twitter.com/PissMissile_ + +🔒 85% Liquidity Locked via UniCrypt for 2 Years: https://unicrypt.network/amm/pancakev2/pair/0x4bC7fF5B183b84c1E44deb4F4bDbc64408C7FB60 +I’m barely 19 and have made a series of very bad decisions over this past year, landing me in debt, pregnant, and without a job. I have gone to Planned Parenthood and have an appointment set for Friday, but the lady on the phone told me since I am so far along (17 weeks) it will be about $1900. I asked about a payment plan, and she said that will be possible but I have to pay $855 at the time of my appointment, which is just not possible for me. I just spent $1300 on repairing my car after it broke down, so I am really at a loss here. I haven’t had a job for a few months, however I start at a new one on the 13th. I will have about $650 by the time of the appointment, as my birthday was yesterday and my boyfriend’s dad agreed to help a little bit. Assistance from my parents is not going to happen. I’m at a loss here for what to do, I’m scared for my future and really do not want to have a baby because I know I’m not ready or healthy. For more information I live in Utah and my insurance will not cover abortions. +Facebook claims 200 million people use Instagram Stories every day + +That places it ahead of Snapchat, which reported 161 million DAUs ahead of its February IPO + + +Instagram Stories launched last August +http://www.cnbc.com/2017/04/13/facebook-instagram-stories-more-popular-than-snapchat.html +Would you like to share your experiences when getting professional financial advice? Are you happy with those experiences? I'm a finance PhD studying how the effects of getting financial advice from someone selling you products (a broker) VS and independent advisor. Interesting to know what it's like in different European countries! +Needing some advice to see if there is anything else that can be done or any other ideas. Purchased an Apple Watch for my wife from a local Walmart for her birthday. She opened it the next day, only to find there was no Apple Watch in the box. It was replaced with some other device “hearth and fitness watchs”. I went back to Walmart with receipt, they told me since product was “sealed” when I purchased it, I would have to call Apple. Apple took serial number etc., but couldn’t tell me if device was active or anything else. My plan was to have them deactivate it at least. They couldn’t give me any information. Told me I would have to go back to Walmart. Talked to the Walmart manager who was understandably suspicious given the product price and circumstances who would not replace or provide refund. Called Walmart customer service but I am guessing they will be unable to do anything. I suspect that there is nothing else that can be done but figured I would post on here to see if anyone had any other thoughts? + +Learned an expensive lesson: before you pay, carefully inspect plastic packaging to ensure integrity... + +UPDATE: spoke with Apple again. They were able to tell me AppleCare was purchased in December 2019. Referred me to check coverage.apple.com for proof. Was able to show store manager who apologized and gave me refund! + +UPDATE 2: this post blew up way more than I thought it would. As another update, we went to Best Buy after the return and she picked another one out. The wrap was definitely sealed different. The “empty” box had a more loose wrapping and wasn’t flat or smooth in all areas. It did have the Apple sealing on the outside though. The box was mint, even in hindsight examining it. The actual product was sealed much tighter and smooth. Although again, I didn’t even think this was a possibility so I wasn’t worried about it on the first product. +While today is only one day, I think that it pretty dramatically shows that bitcoin is not the new gold, as a lot of its proponents claim. As of 10am EST this morning, bitcoin is down about 7% while gold is up about 2%. Something like a Russian attack on Ukraine is what people have in mind when thinking about a black swan-type event, but bitcoin has only magnified losses. + +Instead of acting like an uncorrelated asset, bitcoin basically just acts like a super high-beta tech stock. Not saying anything about what will make anyone more money going forward, but I think any rationale to have bitcoin to improve portfolio diversification is mostly a fiction. + + +Edit: the time is now 355pm EST, and stock markets, bitcoin, and gold have dramatically reversed this afternoon (SPY +1.5%, QQQ +%3, BTC +%2%, gold -0.5%). This basically just proves my point. The point isn't that bitcoin will not make money in the future (it might, I have no idea), the point is that bitcoin is very correlated with tech stocks instead of being an uncorrelated asset like gold. The action today reinforces that idea. +I listened to the Mad Fientist podcast for the first time this morning, and he had Cal Newport on. + +The line that struck me: **"The FIRE community underscores this point: We don't really need lots of relaxation. What we need is interesting, meaningful, hard activity."** + +My SO and I have been talking a ton about what we want to do after we hit FI (anywhere from 3-7 years depending on how well our business does). The common theme is that we don't want to do *nothing*. As a marketer, I have podcast and newsletter ideas I'd like to get off the ground. I've also considered trading my time (strategy calls and consulting) in exchange for donations to a charity. + +Cal talks also talks about hard activity for its own sake, like Frugalwoods' homesteading or Mr. Money Mustache pouring concrete. + +I wanted to pose this question to the community: **what's the ultimate goal for your FI?** + +Cal seems to have found most of the FIRE community is focused on these hard, meaningful projects. But I know plenty of us talk about getting through 100 video games or traveling. I'm tempted to go sit on a beach in Costa Rica. + +So where do you fit in on this spectrum? + +&#x200B; + +*P.S. I highly recommend listening to the entire episode. It's an hour long psychological take on work and FIRE.* +https://www.bloomberg.com/news/articles/2018-12-03/morgan-stanley-predicts-ford-to-cut-25-000-jobs-in-restructuring + +Ford Motor Co.’s $11 billion restructuring could cost 25,000 employees their jobs, exceeding the cutbacks General Motors Co. announced last week, according to Morgan Stanley. + +Ford has yet to detail its job cuts, but Morgan Stanley analyst Adam Jonas predicts they could be larger than GM’s in a note to investors. + +“We estimate a large portion of Ford’s restructuring actions will be focused on Ford Europe, a business we currently value at negative $7 billion,” Jonas wrote. “But we also expect a significant restructuring effort in North America, involving significant numbers of both salaried and hourly UAW and CAW workers.” + +Ford’s 70,000 salaried employees have been told they face unspecified job losses by the middle of next year as the automaker works through an “organizational redesign” aimed at creating a white-collar workforce “designed for speed,” according to Karen Hampton, a spokeswoman. + +“These actions will come largely outside of North America,” Hampton said of Ford’s restructuring. “All of this work is ongoing and publishing a job-reduction figure at this point would be pure speculation.” +I see a lot of SCHD talk in here, is that a viable investment for starting now? If so, what compliments their investment portfolio well so I avoid overlap? My ignorance has also lead me to MO and KMI as possible buys.. seem to be consistent throughout history with a few big falls (vape ban for MO), but energy conveyance and addiction seem like strong contenders… any suggestions?? Any and all input welcome! +I currently work with taxes in the US. Was offered a position as a financial controller for a restaurant. Basically accounting/payroll/inventory but also managing deliveries and helping with catering drop offs (moving/setup/ billing clients). Although I'm confident I could learn every aspect, glass door is suggesting an accounting degree and ~ 3 years experience. + + +I think even if it was half of the job, I'd feel comfortable accepting. There is just a lot of room for error with the lack in experience. I'd be going from $14/hr to 50k and it's hard to turn down that raise when they asked me (I didn't apply). + + +Is it common to actually turn down work and be honest when underqualified? + + +Edit: Survey says I take the position and learn as I go. They wanted me for some reason so I need to trust them and myself. + + +Edit 2: Well. This felt like the biggest pep rally. This sub is wonderful. On top of employment insight, please send culinary inspiration. My latest project was a brown butter and banana ice-cream. +Hi all, + +I'm a little confused and wonder whether Reddit has the answer. I have a good job central London (~£120k/yr including bonus, consultant of some sort, many hours). I've started to look for houses to live long-term, and realised they are enormously expensive? (I guess this should have been obvious). +However, we are talking £2-3m for a 4 bed in eg Kentish town (not Mayfair). +Given my hours, I do not want a long commute. However I don't understand how sufficient people below [45] years old are able to afford these houses? Like, assuming you need to earn 1/4th of the value of the house (what I heard to get a mortgage), the only people who live in a house in zone 1/2 earn at least half a million pounds !?! + +Please enlighten me. Are these people 35 and still getting their parents to buy a house for them to raise kids? +You don’t realize your own financial situation till life smacks you in the face and that happen to me today. To +Preface, I’m 17, I live with my family(lower middle class) in New York City. At school I decided to join a club about hedge funds, real estate, inquiry funds, and etc. Today we had a meeting on zoom, and everyone there was at least upper middle class. It’s just that I’ve lived my whole life thinking I was normal or that I had a good view of my position but it’s crazy how much wealthier these people are. They’re dads are business execs or wealthy realtors, my parents on the other hand are working class, my dad drives and my mother is a preschool teacher. I know it’s nobody’s fault for my economic situation, it just feels weird being the poorest in the room, like I’m hiding a dark secret. +**Fellow apes I like many of you have fucked up and have been on robinhood up until now. I too was scared of missing out on the squeeze for fear of a long transfer date.** + +**During my ride out of robinhood I aquired over 10+ hours of phone time with over a dozen Fidelity reps. I took that time to make sure I ask all the questions I need to make sure my transfer and yours COMPLETE AS FAST AS PHYSICALLY POSSIBLE** + +**1: Partial transfers will always be faster then entire account transfers** + +**2: Transfers in whole numbers are faster then transferring fractional** + +**3: Having the 75 transfer fee in cash on your RH account before submitting your transfer speeds up the process. However even if you don't have any cash in your RH account fidelity will front the bill and debit your account after the transfer** + +**4: Stay on top of your transfer status and look out for anything they might need from you. It's uncommon but things may go wrong and they may require you to update info or something else depending on your case** + +**5: ALL SHARES COMING FROM ROBINHOOD WILL BE ON MARGIN BY DEFAULT WHEN THEY TRANSFER INTO YOUR FIDELITY ACCOUNT** + + **(SEVERAL DIFFERENT REPRESENTATIVES HAVE TOLD ME THAT IN ROBINHOODS TERMS OF SERVICE YOU AGREE TO YOUR ACCOUNT BEING A MARGIN ACCOUNT EVEN IF YOU SWITCH IT OFF)** + +**AS SOON AS YOU SEE YOUR TRANSFER COMPLETED AND THE SHARES ARE IN YOUR ACCOUNT, YOU MUST CALL FIDELITY AND REQUEST THE SHARES BE TAKEN OFF MARGIN. THIS USUALLY HAPPENS INSTANTLY BUT IT TAKES YOUR SHARES 24 HOURS TO SETTLE AFTER A TRANSFER, THAT IS WHEN YOU CAN EXPECT THEM TO BE OFF MARGIN.** + + +**GO YOU BEAUTIFUL SMOOTH BRAINS, FLY OUT OF ROBINHOOD ASAP!!!! I WISH YOU LUCK** + +🚀🚀🚀🚀🥺💎🙌 + +Edit: **wow bots are attacking this post with downvotes already** + +Edit:**Transfers only start on business days so mine officially started monday and was in my account by tuesday evening. TAKING ABOUT 36 HOURS TO TRANSFER** + +Edit: **If you transfer assets worth 25k or more fidelity will cover your transfer fee for you** + +Edit: **If you have deposits waiting to settle (when you use instant deposits on rh) this will also cause your transfer to delay** + +Edit: **Once your shares are transferred over it could take up to 30 days for the cost basis to appear, and even then it may not be accurate. It'd be best to save a screenshot of your cost basis before the transfer so you can have an accurate number!** +I’m sure you have all seen or heard about this by now. Amazingly, 36 hours later and at least on my feed, nothing about it on SuperStonk. + +Our marketplace was down almost all day Friday. + +Loopring was up on an almost 365 day cycle of incessant selling. + +Someone who wasn’t retail had to buy tens of millions of tokens on Friday. + +And someone didn’t want you to buy LRC at the same time. + +Not only was this a multi-faceted, collusion by criminals, but it was also a financial terrorist act directed at you, at this company, and it’s partners. + +It seems to me like no one cares or wants to spread the word though. +The Industry Network, TINVille, on the binance smart chain. A game-changing DeFi ecosystem with a dedicated team. + +Team is Doxxed and happy to chat. They host project announcements live on YouTube, join voice chats, and don't shy away from any questions! + +&#x200B; + +Code is Audited by Haze Cryptos. + +&#x200B; + +$TINV fair launched in mid-May and currently sits under $5mil MC making this a LOW CAP GEM + +&#x200B; + +Reflector features meaning you’re rewarded just for Hodling + +&#x200B; + +5% tax on every transaction, 2% redistributed to holders, 2% sent directly to an ownerless liquidity pool, 1% sent to a 0x0000 address to be burned and removed from supply + +&#x200B; + +Incredibly designed website with informative animated videos to help make the DeFi process more user friendly. Read up on $TINV: [https://tinville.finance](https://tinville.finance) + +&#x200B; + +The TinVille LAUNCHPAD was recently announced where holders can be eligible for upcoming project IDO allocation: [https://the-industry-network.medium.com/the-industry-network-launchpad-5217c88708a1](https://the-industry-network.medium.com/the-industry-network-launchpad-5217c88708a1) + +&#x200B; + +The first TinVille LAUNCHPAD project will be **$COVID** CRYPTO, a new Charity meme coin for the BSC that will help people affected by COVID throughout the last year. + +Telegram - u/COVDCRYPTO + +🖥 Visit Website: [https://www.covidcrypto.io/](https://www.covidcrypto.io/) + +📰 Follow Twitter: [https://twitter.com/covdcrypto](https://twitter.com/covdcrypto) + +&#x200B; + +FARMING/STAKING is currently live with insane APR rates, here you earn TinVille Silver $TINvS, the native farming token. + +Farming Site: [https://farms.tinville.finance/](https://farms.tinville.finance/) + +&#x200B; + +Initial Liquidity is locked in unicrypt for 1 year: [https://unicrypt.network/amm/pancakev2/pair/0xDbEfCc2F5a3AC23396cF59A850c3A310fcBAcCb3](https://unicrypt.network/amm/pancakev2/pair/0xDbEfCc2F5a3AC23396cF59A850c3A310fcBAcCb3) + +Smart contract ownership has been renounced: [https://www.bscscan.com/tx/0x61cdd6a0d4084fecd0e0fea2801b6296a63f3f6c60c95c0faa1e378a4d65133c](https://www.bscscan.com/tx/0x61cdd6a0d4084fecd0e0fea2801b6296a63f3f6c60c95c0faa1e378a4d65133c) + +Pancake swap link: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xf20ce5f76efd7b68d038234ce1fe5b9b380f1740](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xf20ce5f76efd7b68d038234ce1fe5b9b380f1740) + +&#x200B; + +Medium Articles detailing TinVille: [https://the-industry-network.medium.com/](https://the-industry-network.medium.com/) + +&#x200B; + +I don’t know how much more you apes need to know but this is safe and no joke. Like I said before the team is doxxed and all you have to do is come into the chat [https://t.me/The\_Industry\_Network\_Official](https://t.me/The_Industry_Network_Official) and chat to them to see they’re the real deal. A whole ecosystem is being built around this governance token including farming, single asset staking, vaults, IDOs, borrowing, lending and passive income all to be completed by Q1 2022. This team simply DOES NOT STOP PERFORMING. + +&#x200B; + +🦍💎✋💎🦍 rewarded here +Borrowing this quote from Benjamin Graham, Warren Buffett's mentor, to remind investors during this turbulent time. + +In the short term, the stock market is simply a voting machine based on how other investors are feeling that day. Emotions obviously get in the way and play a large role in the day to day pricing of stocks. + +But in the long term, stocks will always move towards their intrinsic value. The price of a stock will be weighted based on fundamental factors such as revenue growth, free cash flow, profit and gross margin etc. + +During times like this during the market when it may be tempting to sell everything or stop investing all together, it's important to keep a long time horizon and continue to DCA in companies that you fundamentally believe in. + +Good luck to all! +The Japanese Yen which is the third largest fiat currency took a shit. + +https://i.imgur.com/flpH6aR.jpg + + The BoJ yield curve control policy, controls the shape of the Japanese yield curve by pinning short-term rates and the 10-year Japanese government bond yield to .25%, + +https://i.imgur.com/VRKKLX7.jpg + +its origin purpose was to achieve its 2% inflation target in a stable manner. That peg broke a couple days ago. + +https://i.imgur.com/TCvCa6C.jpg + +Which means Japan has to print more money to keep buying the bonds to keep it pegged to .25% if not they face losing billions. + +https://i.imgur.com/QRGVSVb.jpg + +Which further devalues the Yen. Which they already have. + +https://i.imgur.com/H4ZnAQO.jpg + +Add this to another massive systemic risk because Japan is the LARGEST holder of US treasuries. Which means US Fed Reserve would have to bail them out too! Buckle the fuck up, turbulence will go past 10g. + +https://imgur.com/a/BveMsME + +Edit: u/lulu1168 posted information supporting this post from 50 days ago, about BoJ and receiving money from the Feds regarding what I just explained due to them being the largest foreign US treasury holder. + +https://www.reddit.com/r/Superstonk/comments/ucmda2/a_missing_piece_of_the_puzzle/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Obviously we all know this suit is BS. However, I think it's more than just a wildly flung smear campaign. I grew up in a family overflowing with toxic narcissism. Narcissists absolutely have to have control in a way that everyone else struggles to grasp. They are so insecure that they have to feel in control and in power constantly to function. When they can't figure out what you're up to in order to manipulate you one of the things they will begin doing is randomly throwing out accusations against you. + +The main thing this accomplishes is that in an attempt to defend yourself you will tell them what you are actually doing as a way to prove your innocence and to disprove their claims. The narcissist knows that their claims are completely baseless, it's just a tactic. + +With a narcissists it's always both/and. Is this a smear campaign to turn people against RC and GME. Absolutely. But I think the real motivation is to try and use the suit to force RC to disclose what his actual plans are so that SHF can position against it. +A real competitor to Wanchain has emerged. NIX, it will be launching to mainnet in a month. No ICO and sick team. Check it out: + +Pursuing the objective of becoming the first DEX Manager in the market, NIX will initially incorporate Blocknet, a peer-to-peer protocol between nodes on different blockchains. Additionally, the team consists of several new experienced developers and a lead cryptographer who is a doctoral researcher in the cryptography field. + +NIX will create its own privacy protocol: The Ghost Protocol, a custom code which involves the Zerocoin Protocol plus the utilization of Stealth Addresses in order to make transactions untraceable with no trusted parties and with a higher level of anonymity, Bulletproofs to conceal transaction value and shrink the size of the cryptographic proof, the integration of a Lightning Network to allow fast blockchain payments, and the creation of an Atomic Swaps Architecture with the intention of performing decentralized operations from a node on any blockchain to another. + +With the implementation of NIX, every single supported coin will have the possibility of being traded privately in a prompt, secure and decentralized manner, as the process consists of swapping coin A for NIX, progressively applying the Ghost Protocol, having as a result NIX with no previous transaction history and finally swapping NIX for coin B. Simple, private, fast. + +whitepaper: https://nixplatform.io/docs/NIX-Platform-Whitepaper.pdf + +what do you guys think? + + +Right now I'm paying about $13,000/yr for daycare. I tell people that once the kids are old enough to go to public school I won't know what to do with the extra $1,000 per month (post tax). Then they always tell me "oh, buddy. It doesn't get easier. You've got books and uniforms and lunches to pay yada yada". I drop it after that. + + +But so. many. people. say the exact same thing. In my head I think, "no way are schools lunches and uniforms $1,000 per month!" + + +Does anybody here (who actually budgets unlike my friends) have real numbers to give me? + + +Edit: KY, USA + + +Edit Edit: Every school here has uniforms. Or maybe "dress code" to some of you. Usually slacks either khaki or blue with either white, blue, or red 3-button polo. +Update : I woke up this morning to a flurry of responses. I am taking my time to carefully read through and consider each piece of advice. People have suggested reconciling with my parents. I will wait for a week or so for things to calm down, and simultaneously show that I can be a responsible adult through my actions. Thank you all for the amazing responses. This thread has been as much a source of comfort as it has been a great resource. + +Hey everyone. Using my throwaway account because I don't want to be recognised by potential peers. + +I am an 18 year old student from Hong Kong. Because of plagiarism, I will not graduate from High School. My parents, and rightfully so, have decided to kick me out of the house in six month's time. I am at a loss and completely regret my actions, but am ready to do whatever it takes to get myself back on track. I've got a few questions. + +1. How do I find a job? I have no qualifications except for a high school education (of which I did not graduate), so I'm referring to low-pay jobs like janitorial work perhaps. + +2. Where can I find a place to live? This isn't a plea for someone to take me in. Rather, does anyone know of a way to acquire cheap shelter. + +3. How am I supposed to set up a bank account, manage money etc. My school never offered a course that gave advice on how to handle money. I know as much about this as a 12 year old would. + +I understand that some of the questions I have posted may have answers online. I will be doing my own research whilst waiting for replies on this thread. Additionally, the position I am in isn't the most common, so I thought it would be a better idea to post it on a forum like reddit where I could explain my circumstance. + +I am not asking for pity, I deserve these consequences and understand I have to live with them. Rather, I am looking to get on my feet. + +Thank you so much for any responses + + +Edit : I refrained from stating the type of education I'd received, as I did not want to provide another opportunity to be identified. However, enough kind people have suggested looking for a transfer. I am not in a position to transfer schools because I received a private school education, and thus a transfer would mean having the financial means necessary to pay for the education. On another note, posting this thread has been a great decision. I've just been feeling lost for the whole day, but the advice given has shown that with enough work I can get back on my feet. Thank you so much everyone. + +Edit 2 : It's getting quite late where I live. I'll make sure to read all the responses when I wake up tomorrow. Once again, I am extremely grateful for everyone's help. +Curious about FatFIRE fam's dynamics. Whether you think one of you should be the home keeper or more into 'power couple' dynamic? Whether you wouldn't be attracted to your partner if they weren't as ambitious etc? + Hi everyone + +I hope you don’t mind me asking about my particular situation. Would be great to get a sanity check. + +So my partner and I are hoping to buy our own place as soon as possible, although that always seems to stretch further into the future because we live in the town where we grew up - Amersham - which is an expensive part of the London commuter belt. We don’t earn very much though working in retail and customer service. But we’re pretty frugal and we love it here as all our friends & family are nearby. + +Our combined salaries are £51k. We’re looking at 2 bed properties around £250k. But I’m not sure how likely we are to get a big enough mortgage based on our annual incomes? And I’m not sure how far it’s sensible to financially stretch ourselves, which worries me. + +I’ve got about £3k in premium bonds and I’ve been maxing out my LISA allowance for the past 2 years. My partner has only been using a LISA for a little over a year. + +We can potentially increase our savings to £1k a month if we start saving hard in the new year. + +Any advice would be appreciated. +This is simple retards, he already publicly hinted at running for California Governor. All we have to do is spread the word and get this mans elected to Ca Governor. By that time this sub (considering the growth scale) should have enough members to swing an election vote. Hook, sinker ladies and gents, then we really take down the hedge funds. +Note: this is super retarded and probably wont work but cool to think about. +Positions: GME 350c / AMC 2700 shares @ 4.81 and jan 20c 2022. + +EDIT: P.S. : GME TO 10,000 + +EDIT 2: Yes, I live in California +Ahead of the enforcement date, TD Ameritrade published its list of stocks that will become “liquidation only” (no new buy orders). + +[https://www.securitieslawyer101.com/2021/td-ameritrade-puts-out-list-of-liquidation-only-stocks-ahead-of-september-28-2021-rule-15c-211-amendments/](https://www.securitieslawyer101.com/2021/td-ameritrade-puts-out-list-of-liquidation-only-stocks-ahead-of-september-28-2021-rule-15c-211-amendments/) + +&#x200B; + +This group of securities represents more than $190 billion in shareholder value that stands to be significantly diminished. Shareholders in these dark and defunct companies will see their holdings drastically depreciate and will be more susceptible to fraud and manipulation on the murky grey market. + +[https://www.sec.gov/comments/s7-23-20/s72320-9065929-246449.pdf](https://www.sec.gov/comments/s7-23-20/s72320-9065929-246449.pdf) + +&#x200B; + +EDIT. Direct link to the list of restricted stocks: + +[https://www.tdameritrade.com/retail-en\_us/resources/pdf/TDA101550.pdf](https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA101550.pdf) + +&#x200B; + +EDIT2. Of course SEARS is on the list: + +https://preview.redd.it/e1wzgrfmqwl71.png?width=644&format=png&auto=webp&s=9424f45e441a37f8314572c81a8a9b81ba7163a1 + +Any other company worth mentioning? + +&#x200B; +Good evening, gentlemen. + +I have read Graham's The Intelligent Investor and Security Analysis. The wisdom I believe I grasped from the man's philosophy, his approaches and the examples he gave are timeless. But I would like to ask if any of you could suggest modern books that go through modern securities and businesses that adapt the same value investing philosophy in their analyses? If you do, I would do be happy to take your recommendations. + +Thank you. +Morning everyone, and happy Sunday. + +There has been talk of a value rotation for several months now - that’s not news - but over the last week or two I’ve been noticing an uptick in people on Reddit looking for “boring” stock recommendations to counterbalance the “speculative” stocks. + +Curious if you’re noticing the same or I’m imagining things. +“GameStop Corp. GME  disclosed late Wednesday that the U.S. Securities and Exchange Commission has asked for its cooperation with an investigation into the unprecedented volatility its stock has seen in recent months. The company also suggested it’s not the only one being probed + +It wasn’t alone. Shares of AMC Entertainment Holdings Inc.AMC  fell as much as 8.3%, BlackBerry Ltd.BB  5.2%, Koss CorpKOSS  1.3%, and Nokia Corp.NOK  0.9% in extended trading following the news, with many investors already bracing for SEC commissioner Gensler to take a closer look at the meme stock phenomenon. + +“The newly-appointed Wall Street top cop on Monday signaled that meme stocks were on his radar when the agency stated that “SEC staff continues to monitor the market in light of the ongoing volatility in certain stocks to determine if there have been any disruptions of the market, manipulative trading, or other misconduct.” + +https://on.mktw.net/3g8nmBZ Check out this article from MarketWatch +Commission-free broker + +Fractional shares are fine. + +I'm thinking 10% in each the following: + +* SCHD +* MSFT +* AAPL +* COST +* WM +* SPY +* DGRO +* NVDA +* GOOG +* O + +30 years old looking for a combination of steady growth and dividends. +According to Robert Schiller, it took only 4 years to recover your money after the crash. This is because the average yield at the time was 14%. So even if share prices were flat for 30 years, reinvesting meant that you recovered your money soon after. + +Can anyone confirm if this is true? I find this hard to believe. + +If so, couldn’t you accelerate it even faster by selling covered calls as well? + +If understood, they tend to perform better than the overall market during flat periods like the depression. + +I would think then if you held the dividend aristocrats who already have nice yields, the average yield would be say 15% plus the covered call, I wouldn’t be surprised if you made 20% a year no? +5 year lurker.. first time poster. There have been a number of posts recently of very fortunate people which have been received with everything from incredulity paired with despair to heartfelt congratulations. What a spectrum of emotion! Accusations of humblebragging have reverberated around the sub and it’s altogether been a little too salty for my liking. Let’s start with the basics: + + + +[Graphs]( https://imgur.com/a/xt9i3) + +Married, no kids. 30(M), 29(F) +**Income:** $375k. $275k (me), $100k (DW) +**Net worth:** $610k +**Home equity:** $220k +**Semi-liquid:** $390k. Spread across taxable and non-taxable. +**FIRE Number:** $2-2.5 million including HE. + + +Now that I’m done with my humblebrag, let’s look at what portions of my experience and perspective I can share. If I can do this from my starting point, so can most of us. I am under no doubts that luck has played a large role in my success, but there are number of decisions and risks I took that have been equally important. A number of the seemingly insurmountable barriers that people described are just that.. barriers. You can do it too! + + +The above is a one-dimensional view. Let’s look at the barriers on the way: +>Lower wage job ($25k) in a lower paying country that the US (UK). Check. +>Degree with poor job prospects (manufacturing). Check. +>Lower (relatively) income ($75k) in a HCOL (SF Bay area). +>Single income couple in said area. Check. +>Student loan debt ($70k). Check +>Industry that is stagnant, losing jobs and lower paying (manufacturing). Check. + +**Getting a job** +I graduated in the middle of the recession (2010). TBH it was the best thing that happened to me. Prior to 2010 I was bottom of my class. The raw, primordial fear that the recession introduced into my life changed me from a skirt chasing Counter Strike: Source addict to one of the library’s most studious residents. I had mistakenly studied manufacturing engineering in university, oblivious to larger global trend of automation and the exodus of manufacturing jobs to low cost locations. It was hard, really hard to get a job. My first job paid decent money, $25k, all things considered. I took any advantage I could get to get it- I had to travel for my interview. When I checked into my hotel room, the receptionist told me that my “colleagues” had already checked in. Thinking on my feet, I asked her who they were and what rooms they were in. Turns out, 2 were there to conduct interviews and were in the bar. I dumped my stuff in my room and headed to the bar. We all joked about what a remarkable coincidence it was when all three of us ended up chatting for a few hours! 100% this is why I got the job over the other 200 applicants- I got to connect with them, on a human level, outside of the interview process. + + +**Finding a profitable area in a waning industry** +My early professional life was plagued by a sense of impending doom. I knew I had to do something differently if I wanted to avoid building a career in a dead end industry. Despite my efforts, I couldn’t get into a different industry, so I started to look into the areas of manufacturing less likely to go to a cheaper location. Anything where the value is derived from IP (Pharma, medical devices), government contracts (defence) or major capital equipment (trains, planes). I landed a job in medical devices, $35k at a US multinational. At this stage of my life, I lived on $10k a year with a savings rate of ~60%. I didn’t heat my room, never had AC, I never ate out. My food budget was $25 / week for groceries and $20 / week for subsidized meals at work. Video games kept me sane. I studied at night time to pick up certifications in statistics and business to broaden my skillset. + + +**Engineering a relocation** +In 2012 I went on a business trip to the US. I was dumbfounded. My peers in the States were earning 3x what I was and paying less tax. Not only that, but progression was fast! There were managers and directors in their thirties. I was sick with envy. It was a visceral feeling that hijacked my emotions for weeks! And like that, I decided I HAD to go the US. It was the only option for me. I applied for every single posting I could find in my company and was uniformly rejected. New grad with 2 years’ experience? No chance. Then I found out that an important VP was visiting our plant. I begged my friend, an administrative assistant, for his schedule. She eventually relented. **Pro tip:** Admins are gatekeepers and have huge amounts of important information. Always be on their good side! I researched his career and then “happened” to be in the elevator at the same time as him and delivered an elevator pitch. Just like that, he scheduled a follow up call with me, which led to some other calls. 3 weeks later I left everything behind and landed in San Francisco airport. Salary was $74k. + + +**Stuck in rut, but still saving** +Fast forward 3 years and I’m horribly unhappy. The manufacturing site I’m in has 30%+ attrition and has laid people off. It is disproportionately staffed by low paid visa workers who cannot leave. Compensation is generally 20-40% below market. Thankfully, I did not sacrifice my life for work and I’m in a very happy and meaningful relationship with my future wife, who kept me sane. We were living together and subsisting on one income as she was in graduate school. Total expenses for 2013 and 2014 were $40k and $42k respectively. This was very challenging in the Bay Area. I don’t know how parents support children on that level of income here. They must be budget ninjas! We had a good deal on rent ($1,650 for a studio) which we got by being the first at every showing (usually 7AM), and being willing to sign a lease on the spot. + +We got married ($16k, 80 people). Happiest day of my life. $16k was a small price to pay for such an amazing day. We made all the decorations and married at a restaurant- cheaper as their business model is to provide food and seating together. Surprising how expensive it is to pay two different companies for each separately. My biggest regret was paying the included 18% service fee but leaving no additional tip. There’s being frugal and there is being cheap. I cringe every time I think of it as the staff were fantastic. DW had $70k of debt from her undergrad and master’s degrees. Refinanced at 6.8% and put everything we could towards it. DW got an excellent job in healthcare, income is relatively fixed around $100k for.. well forever. Her job and income are much more stable than mine, which is nice. + + +**Know your worth and take risk** +Green card came through (did the paperwork ourselves to save $3k+ in lawyer’s fees) and I started job hunting. I was desperate to leave. I was shouted out, called names, lied to and promised a promotion that never came. I knew I was in the hottest job market in the country, one where big risk is rewarded and failure is accepted. I found a company that I really liked the look of. Product was good, financials were healthy and growth prospects were excellent. I found a contact who worked there and got her to refer me instead of me applying. Why? Interviews are an extended negotiation. Having a narrative that “they found you” gives you much more leverage than the other way around. Interviewed, they made me an offer as a level individual contributor with a 20%+ pay increase. I turned it down. What? Yup, I turned it down. When you are negotiating, it is important to know your worth. We had a NW of ~$140k at the time, so I knew I could quit my job and be unemployed if I had to so I took the gamble they’d offer me something better. Two months passed and they rang me back to say they had changed their organization structure around to create a management position for me and offered me the job, I took it. Total comp that year for me was $130k. + +Jumping ahead to now, I’ve been through two promotions and the company has done very, very well. Salary is $155k, the rest is bonus and equity. Still in manufacturing, compensation can be good in any industry. It’s just a question of *where (or how high)* you have to go in a company to find it. Average compensation sucks for most in manufacturing. + + +**TL;DR and general advice:** + +Everyone reading this has decent analytical and financial skills (thank you FIRE community). These are real skills, parlay them into your work. + +Learn to read a balance sheet and P&L account. Be mindful of who you work for by understanding their product, market and financials. It is much, much easier to progress in a growing company. + +Focus on value and impact. Don’t focus on the task you are doing. Seems simple, but it is amazing how many people do something because they’ve been told to do so without understanding what they are trying to achieve. Pursue further education to do so. + +Luck is important. The ability to recognize opportunity and take advantage of it is even more important. Or “creating” your own lucky situations. See above examples. + +Relocate if necessary. + +Make sure your spouse has shared values. Mine does and everything we do is a team effort! + +No barriers are insurmountable, it is just a question of it of what it takes to overcome it and if it’s worth it. If you think you can’t do something, you can’t. + +**Edit:** Some thoughts on skills and doing MSc's or Phd's. True value tends not to come from deep knowledge of one skill, but the intersection of several. It is much rarer and you can add much more value as a result. Rather than become an expert in something, I've gone around and picked up a few complementary things and built an extremely competitive skillset. + +**Edit:** Appreciate all the kind comments. I'm just a regular dude, I'm not anything special. I never, ever thought I'd break 100k in income. I use to despair at how unachieveable the salaries I'd see in this sub were. Regular people can chase FIRE and be successful. That's what this community is about. Anyone can do it! + + +Disclaimer: I am one of the lead developers on this coin, having previously been a developer on Dogecoin (2013-2014). Everything I say here will be extremely biased, as I am directly involved with the coin, and obviously would directly benefit from it's success. Never take financial advice from anyone on reddit, especially from someone involved on the project they're talking about. Always DYOR, and Ape in safely. + +--- + +---- + +**Dogira** - The Low-down +---- + +--- + +* **Low Marketcap Token; currently < $21mil in Market Cap** + +* **Currently in the middle of a $100k Marketing Campaign!** + +* **Plans for coin integration/event rewards in [Split or Steal](https://store.steampowered.com/app/1162930/Split_or_Steal/), a game launched/owned by myself which hit #1 in Steam last year.** + +* **Officially Partnered with Feed Every Gorilla, with 4 million Dogira tokens being allocated to FEG's staking pool** + +* **Not an Anonymous Team - Project Leads are doxxed.** + +* **Roadmap released, offering detail & timeframes on our Native Blockchain Gaming & NFT ecosystems.** + +* Grew to this level organically - only recently listing on CoinGecko, CMC, and our first two CEX Offerings. + +* First Investment NFTs sold out in 10hrs - generating $35k for our CEX Listing fund. + +* New Investment NFTs dropping soon! + +* Core Team are active, friendly, and well-versed + +* Only 100mil tokens, of which 87mil are in circulation + +* Audited, and approved by War on Rugs (additional third-party audits currently being secured) + +* Community are super friendly and engaged - very reminiscent of old Doge. + +--- + +**Dogira** - The Official Stuff +--- + +--- + +Site: https://dogira.net (new!) **Telegram, Discord, and Buying instructions can be found inside here!** + +Subreddit: /r/Dogira + +TX for DexTools/Uniswap: `0xe9bd6ddc2b13f46715382f74534950e004399d10` + +Ether: https://etherscan.io/token/0x4b86e0295e7d32433ffa6411b82b4f4e56a581e1 + +CMC: https://coinmarketcap.com/currencies/dogira/ + +CoinGecko: https://www.coingecko.com/en/coins/dogira + +--- + +Our next major goals following the end of the current marketing campaign will be to roll out onto the V2 of our token, which is currently in development. This version of our smartcontract is being built specifically to aid us with our goals in developing Native Blockchain Gaming solutions, alongside enhancing our NFT/Token ecosystem, which has already added so much value to Dogira in it's current, far more basic state. + +We've just gone live on HotBit today, which has caused some massive volatility at our low market cap - spiking to almost $1.50 per token at the open, before cooling back down to the average pricing over the last few days ($0.20-$0.30 per token). This comparatively smaller token price is still up around 10x from one week ago - and given; + +* Our current tiny market cap + +* Over 10% increases in holders day-on-day as per ethscan + +* More AMA's being scheduled across the International Communities (Next scheduled with CryptoIZ, an Indonisian Telegram community with 31,000 members) + +* Immediate Plans for event rewards in [Split or Steal](https://store.steampowered.com/app/1162930/Split_or_Steal/) + +..we're looking at the upcoming few days with a lot of excitement. + +--- + +As a reminder: I am a core member/developer with the Dogira team. Everything in this post is as biased as it can possibly be. I don't only like the coin, but I also contribute to it, and am vested into it. Always DYOR, and never accept **anything** you read on reddit as financial advice. +According to [Wikipedia](https://en.wikipedia.org/wiki/Economic_Complexity_Index): + +>The **Economic Complexity Index** (**ECI**) is a holistic measure of the productive capabilities of large economic systems, usually cities, regions, or countries. In particular, the ECI looks to explain the knowledge accumulated in a population and that is expressed in the economic activities present in a city, country, or region. To achieve this goal, the ECI defines the knowledge available in a location, as the average knowledge of the activities present in it, and the knowledge of an activity as the average knowledge of the places where that economic activity is conducted. + +Australia ranks very low on this index. It ranks 87th out of 133 countries. + +This implies a few concerning facts about our economy. It implies a lack of diversification and a deep sense of complacency leading to a lacking impetus to build fundamental knowledge. Instead of building fundamental knowhow, we are going after low hanging economic fruits, such as: + +* Mining naturally occurring resources +* A housing "industry" that revolves around inflating real estate prices to the point that our citizens cannot afford a home +* Marketing mediocre university programs to international students and charging exorbitant prices + +Do you foresee Australia improving its standing? Is Australia taking the proper steps forward? +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! + +Yesterday evening I made a bank transfer to my crypto\_dot\_com fiat wallet. This is something that I\`ve done many times in the last few months with very little problem and I even have them as a saved payee. Occasionally I\`ve had to complete anti fraud checks; such as responding to my banking app or a SMS notification to confirm that it was me making the transfer. However, last night my balance didn't update, so I assumed that I\`d not hit confirm and so made a smaller test payment. This time I received an error message "RPS01" that said their have been issues with the payment system and to check again in 4hrs. + +I made a payment to another card account to see if it was their system or specifically CDC and those went through fine. I opened up a chat with them and was told a similar message, that they couldn't confirm the status of the transfer but they're normally resolved in 4hrs. I was also able to use the CDC visa card top-up from the same source. + +This morning I went to login to my mobile app to check the status and found that I was locked out. The same with my online banking. I had an error code (RG21M) that suggested that my account did not exist and a message to phone them. + +The number took me through to their anti fraud, so I thought that perhaps they'd been a bit heavy handed but it would be a simple case of confirming that I\`d made the payment. Instead, after confirming my ID and explaining the circumstances surrounding the payment, I was told that they'd escalate my case to another department. There where I was told "your account was locked due to the nature of your activity being related to cryptocurrency purchases or investments" and that they would now read me a statement. To reinstate my account, I would have to answer a series of questions that could take up to 30 minutes and that my responses would be digitally recorded. + +I had no choice but to agree, and thankfully it took much less time than that due to me pre-empting some of their questions. I was told that if I continued with the payment then I was not protected by them. At the end of the call, I asked whether my account would now be free to send further payments to this account and was told that it was likely that future payments may get flagged. + +To give you an idea of some of the questions that I was asked... + +\- What research have I done into Cryptocurrencies? Am I aware of the risks around them? How long have I been purchasing Cryptocurrencies? + +\- Why did I pick this particular exchange? Why did I trust them and what due diligence had I done? + +\- Who had advised me to invest? Was I investing on behalf of anyone else? What was the source of my funds for the investment etc etc + +&#x200B; + +&#x200B; + +//edited post to provide some evidence [Barclays Crypto Block](https://imgur.com/gallery/EIsPDXu) +Paywall removed: +https://12ft.io/proxy?q=https%3A%2F%2Fwww.afr.com%2Fpolitics%2Ffederal%2Fdaniel-andrews-will-pay-a-quarter-of-your-next-house-price-20221022-p5brxw +My bill is $1200. The minimum payment is $27. + +I can pay 50% on this month's due date. I can then pay another 25% on the 1st of August and the remaining 25% on the 15th of August. + +The rate is 27.24. Does this mean I'll be paying 27.24% of $600? I've always paid the full balance so I'm not familiar with how this works. + +Thanks! +This might seem weird, but I graduated with a BS in Economics nearly over 15 years ago, but have never worked in the field (and have since gained an additional degree and work in health care). + +Unfortunately, given that I haven't touch Econ since graduation, I'm pretty rusty outside of the basics. Back in college, economics was just a degree for me, but with some additional years under my belt, I'm finding myself interested in "re-learning" Econ and adding to that knowledge with topics I didn't learn the first time. + +So my goal is to self teach myself Intro Macro/Micro, Intermediate Macro/Micro, and at least basic Econometrics (I despised that course the first time and would love to re-approach it with clear eyes). Obviously depending on how long it takes me to do this and my interest level, I might go further into more advanced topics. I've found some excellent book lists on this subreddit that I'm going to use to guide my studies. + +My main concern is math. My program was not math intensive at all. We were only required to take one semester of Calculus for business majors and one semester of Stats. I've seen some mentions of multivariable Calculus, which I'm certain was never covered in my Calculus class. Plus I've seen people also mention Linear Algebra and Diff Equations as well. So my question is, how much math do I need to know to be able to get through the topics I'm looking into? Also, at what point do I need to learn that math before I hit a hard stop on Economics topics? I'm assuming I'll need to brush up on Stats before Econometrics. Any advice is much appreciated! + +Also, specific to math, any recommendations on study materials? I've heard great things about Stewart's Calculus book, but I'm not sure if that's overkill or not. Also, I'm not sure where to go with Stats as I haven't really found a textbook that seems to be the agreed upon best option. Anyways any advice or recommendations on resources for Calculus and Statistics would be much appreciated as well! + +Thanks all! +I saw a breakdown of my healthcare costs for the first time a few weeks ago. For my family of 6 (me, spouse, four kids) my employer pays $2400/mo for health insurance. Thankfully, they don’t require me to contribute. I am paid $52k/yr as a department lead. If insurance premiums were half of their current amount, I’d have a substantial pay raise. If insurance premiums were something reasonable, say like… $500/mo, my pay raise would be outstanding. I hear a lot of talk about how CEOs make too much and are widening the wage gap, but it seems to me that high insurance premiums are also choking out middle class wages. +Even when compared to its neighbors. Is it similar to Ireland where their GDP is somehow inflated by foreign investment or are they simply more productive? +In the past 6 months I've been approached with a couple of questionable investments that I'm 98% sure were scams. Maybe I should rephrase it that I'm confident that 98% of people who invest will probably lose money. + +The first was through a family member who was recruiting investors to buy a Facebook Marketplace business that identifies cheap items on foreign marketplaces and resells them at a profit on Marketplace. You don't actually do anything, other than provide the seed money that the parent business uses to set up your own business entity, buys inventory, and hires outsourced employees to run it. The scam is that they are essentially playing whack-a-mole because it's harder to crack down on many smaller business that have different primary officers. Many of these platforms and other markets such as Ebay, Amazon, and Walmart have all figured out how to suppress these dropship resellers. There's a pretty good chance that your business will get shutdown before you can make a return. Looking into the parent business, they also pay young American individuals to set up bank accounts and then turn them over to other entities so they can set them up to process credit card transactions in the US and avoid international charges. In exchange for a bank account and merchant account you get paid a monthly fee. Of course the poor salesman promised ridiculous returns that were practically guaranteed despite the parent business only being in operation for less than a year and the estimated break even point being 18 months. The business partners has instagram accounts full of pictures in front of expensive cars and private jets with beautiful women in the periphery and covered in expensive watches and jewelry. I'm fairly certain there might be some old-school ponzi shenanigans going on here despite the modern facade of "AI". + +The next scam, or maybe legitimate but absolutely terrible investment, came from a cold call. The most interesting part was that I asked the salesman how he got my contact info. He informed me that a 3rd party business that identifies accredited investors who make over $200k per year or who have a net worth over $1mil sold their company my contact info. Knowing that people can buy my info with net worth or income information made me wonder who else is getting cold calls with potential investment opportunities. This particular business was recruiting $50k to $200k investments in an oil drilling operation. Despite knowing I'd never invest in something that came from a cold call, I was fascinated to hear their pitch because I have a bunch of contacts in the oil industry. My trusted contacts and experts confirmed my suspicions that investing in these particular well sites was the equivalent of flushing money down the toilet, despite the promises of 20% returns. The part that I consider a scam is that they press you into forming with 50 other naive investors into a joint venture that run the operation of the well site. As additional costs pop up, like salt water mitigation, etc, the operator will force the joint venture to invest more into the well at the risk of losing the entire investment. The well sites that they bring in the small investors also seem to be the least desirable of the sites and the owners of the oil company typically take the best well sites for themselves, which they then use the production numbers for to sell to the smaller investors. Ultimately, too, they sell the rate of return on the first year production of the well, but don't really tell you that most oil wells produce something like 50% of their total oil/gas in the first 2 years. Production drops rapidly and tapers, meaning it will be years before making back the initial investment at which point the income the well generates will be minimal past that point. However, unless you know this you'll only be shown the 1st year production from other wells on the site and be promised conservative 20% returns. Oh, and they promise to fly you out to the site to visit the well being drilled so you can see where your money is being burned. + +So, what schemes and scams are people approaching you with? Are you getting calls to your cell phone by people with your home address and name who know you are a high NW individual? +I only got hired into this position in April, and wasn't expecting a performance review until at least next April for that reason. However, in this role apparently the PA comes every October. + +*And so does the annual raise.* + +Guys. $0.54 an hour more, and my boss said I was doing "exceptionally well"!!! I'm in a two person department, and I currently don't have a coworker. Even so, he said all he's heard is good things! + +I'm just excited, and wanted to share. Have a good day, fellow reddit(po)ors. +**Didn't read the TL;DR:** + +**Some meme stock and Citadel hedge funds linked to Puerto Rican debt, where hedge funds can buy credit default swaps and sometimes bankrupt towns/cities. UBS and other banks sold shady bonds that have different SEC reporting requirements, and because PR is a territory (not a state) it can't declare bankruptcy the same way.** + +&#x200B; + +**TL;DR:** + +* **Banana! Found a GME link! A couple of the hedge funds involved in increasing holdings in risky Puerto Rican debt as safer mutual funds decreased theirs (HFs sometimes through potentially nonpublic info), might include Taconic Capital (had puts on GME), GoldenTree (puts on sticky floor) and Canyon Capital (linked to Citadel to raise money in China alongside Oaktree Capital, who has Evergrande links).** +* **They can also buy credit default swaps on these bonds and sometimes single-handedly bankrupt a town/city.** +* **Tying into welp007's post, big banks piled on Puerto Rico with billions in debt in what was considered a Madoff-level Ponzi scheme between 2006 through 2014 at least, leaving the US territory turbo fucked before it got hit by a Cat 4 hurricane. The bonds sold were considered "less transparent" than what would happen on the mainland, so this is prob why the SEC is fucking ducking FOIA requests.** +* **Maybe UBS and all these fuckers loaded up Puerto Rico with debt because of a "Treasury Put" guarantee (that some government org would pay for it when it went tits up).** +* **The Puerto Rico fraud might be related to Detroit's bankruptcy, and maybe when Detroit went titties' up it had collateral damage and fucked the Puerto Rican municipal bonds and now SEC and everyone is trying to hide the shit under the rug.** +* **The Puerto Rico debt story might also relate into why they aren't being let to be a state, since US territories have different bankruptcy rules (!) Municipal bonds for PR also have heavy investment from colleges in their endowments (Harvard, Yale).** + +&#x200B; + +[Holy fuck, this is me rn, been editing this Speculation\/Op now \\"Possible DD\\" post on\/off for hrs](https://preview.redd.it/ig01xv8xo5h81.png?width=640&format=png&auto=webp&s=976748f2959789c3df0920d30043683b5358c6f1) + +EDIT: Will keep adding edits as I go. Changed flair from "Speculation/Opinion" to "Possible DD since felt had enough info, can provide sources on papers if needed too! + +This post is referencing u/welp007 's recent post here: [https://www.reddit.com/r/Superstonk/comments/spfyud/over\_the\_past\_ten\_months\_the\_securities\_and/](https://www.reddit.com/r/Superstonk/comments/spfyud/over_the_past_ten_months_the_securities_and/) + +&#x200B; + +https://preview.redd.it/t8o7iyy255h81.png?width=920&format=png&auto=webp&s=0da93796d9c3df6127848c867579451bd0968eab + +TL;DR on that post: **Welp got an anonymous DM by someone who wanted to help him get the word out on something** that he felt was being even MORE shut down by the SEC than even fucking Evergrade(!) + +&#x200B; + +**In the post, he mentioned how "American Thinker" 's Joseph Lawler mentioned the SEC has been giving fucking STIFF Heismans nonstop (or per** u/mohicanrobot, the ol' Dustin Martin "don't argues" for you Aussie apes!) **on FOIA requests (Freedom of Information Act) related to the municipal bond default in Puerto Rico, the BIGGEST bond default in America's history EVER.** + +&#x200B; + +[SEC on that stiff Heisman for some fuckery in honor of Super Bowl weekend I see](https://preview.redd.it/7h88xf39t4h81.png?width=778&format=png&auto=webp&s=3f029ecf8fa2143258a1aa6b5718eacef6397280) + +It went all the way the way up to a federal court in California where the SEC said "we don't know what you're talking about" w**hen others found they have fucking 2800 pages of documents on it and nearly 270,000(!) emails referencing it referencing a billion dollar Ponzi scheme on the level of fucking Bernie Madoff.** + +&#x200B; + +**Big banks (Citi, Wells Fargo, BoFa) had their scheme collapse in 2016, potentially bribed senators to kill investigations into it by the DOJ and now the SEC is caught in yet ANOTHER 2 lawsuits saying they fucking aided and abetted this shit.** + +&#x200B; + +[Citi, Wells Fargo, BoFA agree](https://preview.redd.it/s5axw1kng5h81.png?width=749&format=png&auto=webp&s=61ddbd1a0014197135b23b6cf1f06fefec2c68c0) + +I did some digging and found it related to this article perhaps: + +&#x200B; + +https://preview.redd.it/fb0vf1xkt4h81.png?width=795&format=png&auto=webp&s=ca19a5fb16ffcb8e2953fbb5a02be185f755161d + +[https://www.npr.org/2018/05/02/607032585/how-puerto-ricos-debt-created-a-perfect-storm-before-the-storm](https://www.npr.org/2018/05/02/607032585/how-puerto-ricos-debt-created-a-perfect-storm-before-the-storm) + +This NPR article covers the aftermath of Hurricane Maria which devastated Puerto Rico 5 years ago in September 2017 . It discusses how Puerto Rico was fucked by finances as it borrowed billions of dollars by big banks as it teetered on default and they took advantage of that (they could literally only afford 5 building code inspectors for an island of 3.5 million people). + +&#x200B; + +&#x200B; + +After US Congress stopped a 1996 tax break for the island, by 2006 they spun into recession and needed to borrow. They opted for bonds under the promise of tax-free earnings. + +&#x200B; + +>**"Fund managers, they will not admit this now, but when Puerto Rico was selling debt like pancakes, they loved Puerto Rico debt,**" Marxuach said. **"You would put ... these Puerto Rico bonds into your portfolio and since they had slightly higher interest rates and no taxes attached to them, you immediately looked like a genius.** You just bumped up the entire return." "So that's your bonus," he added. "**That's your new Mercedes, your new yacht."** + +&#x200B; + +The badass duo of Pam and Russ Martens also discussed whether everyday Americans have exposure to Puerto Rican debt back in 2017. The low tax prob also explains the appeal: + +https://preview.redd.it/0v5ndne895h81.png?width=990&format=png&auto=webp&s=0eb52d41960b0efbb4ef46bb1d1ba09ec2fa9275 + +&#x200B; + +>**The reality is that a large percentage of Puerto Rico’s debt is held in tax-free municipal bonds and municipal bond mutual funds, owned not by Wall Street banks or tycoons, but by mom and pop investors seeking tax-free income.** (As a result of Congressional legislation, the interest on municipal bonds issued by the Commonwealth of Puerto Rico, its political subdivisions and public corporations, is not subject to Federal, state or local taxes. This has made the individual bonds and mutual funds particularly attractive in places like New York City where residents pay a Federal, state and local income tax.) +> +>In July, Reuters reported that Oppenheimer’s various tax-free mutual funds had the largest mutual fund holdings of Puerto Rico bonds as of April 30, totaling a whopping $7.3 billion face amount....**most of that debt is trading at a large discount to the face amount and the values,** reported as of June 30, 2017 to the SEC, do not reflect the new market lows experienced by the bonds since Hurricane Maria... +> +>In its September SEC filing, OppenheimerFunds notes that it has set up a special web section to provide updates on the situation with its Puerto Rico bond holdings.  +> +>**Tellingly, those web pages have not been updated since the devastation from Hurricane Maria occurred, suggesting Oppenheimer Funds understands it’s now in uncharted waters** + +&#x200B; + +So pre-hurricane big banks flew in from NYC constantly to load them up with debt between 2006 to 2011. But by the time that they realized in 2011 that Puerto Rico had TOO MUCH debt, **instead of stopping THEY FUCKING KEPT SELLING THEM MORE.** + +&#x200B; + +https://preview.redd.it/n0di925gu4h81.png?width=810&format=png&auto=webp&s=e5b7b50c1f382f3a3669e42abb4039abbcca3227 + +Here's a detail of the fuckery: + +>**Many of the bonds were specifically designed to be sold to Puerto Ricans, packaged into special funds that were less transparent than anything regulators would allow on the mainland.** Regulations against things such as banks recommending their own bond deals to investors didn't apply on the island. +> +>According to court records filed in the aftermath of the island's economic calamity, brokers sold thousands of Puerto Ricans these special funds. This left hundreds of millions of dollars of the island's wealth concentrated in increasingly tenuous investments — at the worst possible time. + +&#x200B; + +Here's an SEC comment talking about whether every day mom and pop ape investors like YOU even know this shit is in their portfolio (can someone dig more here pretty plz): [https://www.sec.gov/comments/s7-08-20/s70820-7502069-221916.pdf](https://www.sec.gov/comments/s7-08-20/s70820-7502069-221916.pdf) + +&#x200B; + +&#x200B; + +[From the SEC comment above](https://preview.redd.it/z32z49w1d5h81.png?width=782&format=png&auto=webp&s=bc44b145fe9fefaa57a79bc0fb027ee513b24690) + +&#x200B; + +Ok, now I can see how the SEC may be implicated if the bonds were "less transparent" than what they would allow let's say in New York state. + +**Among the banks fined for this fuckery were--surprise! home to Osama Bin Laden's bank account and biggest dark pool owner in the US!--UBS at $34 million for a loan scheme**. UBS and 4 other banks were also fined. You can see that here: [https://www.sec.gov/news/press-release/2014-246](https://www.sec.gov/news/press-release/2014-246) + +&#x200B; + +[What fun, you have Schwab, IBrokers, UBS, TD, and even Wedbush, home of Michael \\"Gamestop's NFT Marketplace is al-Qaeda's fav\\" Pachter](https://preview.redd.it/fhsqsd38w4h81.png?width=898&format=png&auto=webp&s=29981f9ebab7c54e6d3289bce1f5750541f8e6f5) + +&#x200B; + +And fucking despite this, in 2014, THEY DOUBLED DOWN AGAIN. + +>In 2014, Puerto Rico and a group of banks teamed up for another bond deal. At $3.5 billion, it was the largest municipal junk bond offering in U.S. history....**But some bankers and brokers, several of whom worked on the deal, described the 2014 bond as more than just a bond deal. They said it was also an exit strategy for the banks.** + +&#x200B; + +Almost 1/4th or $900 million didn't even go to Puerto Rico. Instead you had earnings from these chucklefucks: "Barclays, which led the bond deal, received almost $500 million; Banco Santander received $99 million; JPMorgan, $74 million; Morgan Stanley, $24 million; among others." + +&#x200B; + +And how does this fucking story end? The bonds crashed, Puerto Rican investors lost savings, pensions, retirements. Hospitals shut down and bridges and the grid faltered just a few years before the entire island got fucked by a major Cat 4 hurricane. + +&#x200B; + +https://preview.redd.it/6962cn30z4h81.png?width=1600&format=png&auto=webp&s=da3ae4fbbed290866dc794b753c4632d50ad151d + +**There was a lot of fucked up shit during the hurricane, perhaps most relevant to our cause here is how a $300 million contract was handed off to tiny Montana firm Whitefish Energy Holdings, which was expected to help turn the lights back on in the state but it only had TWO fulltime employees.** + +&#x200B; + +We also find some papers come back to revisit this fuckery, including this one called " What Went Wrong?: The Puerto Rican Debt Crisis, The “Treasury Put,” And The Failure Of Market Discipline." Which says that **DON'T WORRY FAM, THE TREASURY WAS GONNA BAIL OUT ANY FUCKERY:** + +&#x200B; + +https://preview.redd.it/xuvfwfbxw4h81.png?width=730&format=png&auto=webp&s=572b2d7b13f4c4b36b9693b42cfd86c7da8f29b8 + +>What went wrong? Why did seemingly rational bond investors continue to purchase Puerto Rican debt with only a modest risk premium, even though the macroeconomic fundamentals were dismal? Why did financial markets fail to exercise market discipline and restrict capital flows to Puerto Rico? Given gloomy macroeconomic fundamentals and relatively low risk premia, investors were either myopic/misinformed, or Puerto Rican debt was implicitly insured by the U.S. government. +> +>**This paper examines the latter hypothesis, which we label the “Treasury Put.” The expectation of a federal bailout was perfectly reasonable given past behavior by the federal government, starting with the prior bailout of the city of New York.** + +&#x200B; + +&#x200B; + +I hope a wrinkle brain can look at that paper but it also goes into the failing years of Detroit and how it might have been related to Puerto Rico's municipal bond failures. **They describe the "treasury put" as "...the implicit guarantee -- as perceived by investors -- from a government agency to provide support in the event of financial distress by the issuer of Puerto Rican bonds."** + +&#x200B; + +https://preview.redd.it/q7zecd12a5h81.png?width=1094&format=png&auto=webp&s=2ac2444f05f1858fa394ebb35b2b7cb937368f7c + +If you've ever watched "Hypernormalization" by Adam Curtis (here: [https://www.youtube.com/watch?v=yS\_c2qqA-6Y](https://www.youtube.com/watch?v=yS_c2qqA-6Y)), he talks about how NYC went bankrupt and how the banks managed it. The relevant quotes: + +&#x200B; + +&#x200B; + +>**In 1975, New York City was on the verge of collapse. For 30 years, the politicians who ran the city had borrowed more and more money from the banks to pay for its growing services and welfare.** But in the early '70s, the middle classes fled from the city and the taxes they paid disappeared with them. +> +>So, the banks lent the city even more. But then, they began to get worried about the size of the growing debt and whether the city would ever be able to pay it back. And then one day in 1975, the banks just stopped. **The city held its regular meeting to issue bonds in return for the loans, overseen by the city's financial controller.** +> +>...The banks were supposed to turn up at 11am, but it soon became clear that none of them were going to appear. The meeting was rescheduled for 2pm. and the banks promised they would turn up \[instead at 4 PM\]. + +&#x200B; + +&#x200B; + +https://preview.redd.it/xmzemr66b5h81.png?width=1032&format=png&auto=webp&s=75cc70bc0a64645ca784cbcec4eca6a36a6cb6e6 + +&#x200B; + +>What happened that day in New York marked a radical shift in power. The banks insisted that in order to protect their loans they should be allowed to take control of the city. The city appealed to the President, but he refused to help, so a new committee was set up to manage the city's finances. +> +>Out of nine members, eight of them were bankers. It was the start of an extraordinary experiment where the financial institutions took power away from the politicians and started to run society themselves. **The city had no other option.** +> +>The bankers enforced what was called "austerity" on the city...This was a new kind of politics. The old politicians believed that crises were solved through negotiation and deals The bankers had a completely different view. They were just the representatives of something that couldn't be negotiated with - the logic of the market. To them, there was no alternative to this system. **It should run society.** + +&#x200B; + +&#x200B; + +History lesson aside, m**y understanding is that they bailed out NYC back in the day, so maybe the big banks said "well it doesnt matter how many fucking bonds we sell Puerto Rico, let's sell them since the US Treasury will fucking pay when this shit goes tits up".** + +&#x200B; + +https://preview.redd.it/zz022tup15h81.png?width=475&format=png&auto=webp&s=4d68442ff01fd54a1dab8099a2306d15b45cada1 + +Seems this relates to the city of Detroit too. **This paper talks about this more too (" Do Municipal Bonds Pose a Systemic Risk? Evidence from the Detroit Bankruptcy").** + +&#x200B; + +Around 2014 ish, Detroit's pensions were underfunded during their crisis, to the tune of them being 19% of the city debt. Ofc it wasn't the only thing but a big part: + +&#x200B; + +>The evidence of spillover from Detroit's bankruptcy to abnormal yield changes for other municipalities is relatively limited; only states with heavy pension/financial obligations (Illinois and Puerto Rico) and a few speculative grade securities experienced statistically significant downward repricing + +&#x200B; + +&#x200B; + +**Also a very fucking interesting sidenote: That same article says when Detroit announced it went bankrupt, there was some price action but it wasn't until a Barron's article SIX MONTHS LATER that Fitch, Moody's and them downgraded the ever loving shit out of the bonds. THEN the Puerto Rican bonds nosedived.** + +&#x200B; + +&#x200B; + +&#x200B; + +EDIT 3: And HOT DAMN u/magnanimus12 with some hot shit and an AMAZING FIND. Looks like they posted about this ages ago and didn't get any traction!: + +&#x200B; + +>If you think that's bad. Ask yourself why big universities like Harvard's endowment was profiting by holding Puerto Rico debt.. +> +>FUCKING TAX FREE + +&#x200B; + +His post featured this CNBC vid: + +https://preview.redd.it/dcma1zj345h81.png?width=904&format=png&auto=webp&s=325787f99f50da18856a0f0f251c12b92b7c75aa + +TheIntercept's David Dayen (who IIRC did a lot of shit on penny stock and naked shorting too!) talked about how Harvard's endowment had a $2 BILLION commitment with Boston-based Baupost Group, who was balls deep in Puerto Rican debt. Guess what the owner of that hedge fund said? + +&#x200B; + +>**Klarman has consistently** **dismissed** **cries for debt cancellation for Puerto Rico, saying the island would be better off in the long run repaying its debts. Baupost bought the bonds on the cheap and would reap a huge payday if paid back at face value** + +&#x200B; + +&#x200B; + +EDIT 4: Also given the relationship to all these municipal bond issues, do we recall that JPow is (lightly) balls deep in municipal bonds? I am not saying he's connected AT ALL, but I am curious if any ape can figure what types of bonds he has exposure to? Unfortunately, here's another CNBC source but looks like he has exposure to it nonetheless: + +&#x200B; + +>**Powell held between $1.25 million and $2.5 million of municipal bonds.** They were just a small portion of his total reported assets. **While the bonds were purchased before 2019, they were held while the Fed last year bought more than $5 billion in munis**, including one from the state of Illinois purchased by his family trust in 2016. + +&#x200B; + +Also dare I say the incantation and summon u/ammoprofit, who graced us with this chart some time back as well related to municipal bond buying during Covid. + +&#x200B; + +[Bottom row](https://preview.redd.it/ar5yzs2h85h81.png?width=733&format=png&auto=webp&s=dbb5cbbc1110c55d853e30a705149a4050c6a3dc) + +Around a year after things like the Muni liquidity facility kicked off in May 2021, the US gov dropped this paper about how **hedge funds (like Paulson & Company, Och-Ziff Capital, Fir Tree Partners, Perry Capital, and Brigade Capital) played a huge part in restructuring the island's debt (**[**https://sgp.fas.org/crs/row/R46788.pdf**](https://sgp.fas.org/crs/row/R46788.pdf)**) and made 100s of millions in profits while potentially trading on nonpublic info during debt negotiations:** + +&#x200B; + +>.**As default risks on Puerto Rican public debt became evident, many mutual funds reduced their holdings, allowing some hedge funds to increase theirs. I**n spring 2020, some accused hedge funds of trading on private information obtained through confidential Title III negotiations. In June 2020, Judge Swain required parties to disclose more about their holdings. Once those disclosures were made, some called for investigations of alleged trading on nonpublic information obtained in debt negotiations. + +Also aww shit look at this list of some of the linked hedge funds in a group called COFINA tied into this: [https://periodismoinvestigativo.com/2017/11/the-bondholders-who-bet-on-puerto-ricos-sales-and-use-tax-collection/](https://periodismoinvestigativo.com/2017/11/the-bondholders-who-bet-on-puerto-ricos-sales-and-use-tax-collection/) + +&#x200B; + +https://preview.redd.it/awf42n2rk5h81.png?width=1397&format=png&auto=webp&s=a3d1e721e6719b8970bf28618b20b2edcf890804 + +Some callouts: + +* **Canyon Capital:** u/Ok-Ingenuity4838 **found they were a foreign fund alongside Citadel that raised money in China alongside Oaktree Capital (linked to Evergrande).** u/Jackbauer13579 **found they're a Milken offspring too,** and they also shorted malls in CMBX.6 that contained GME! (from my "big mall short" posts) +* **GoldenTree:** u/Badasstrader **found they have puts on sticky floor!** +* **Tilden Park Capital:** I recognize them! they were also part of shorting malls that contained GME! +* **Taconic Capital: had put options on GME!** (thanks to u/GMEisMyHomeboy) +* Cyrus Capital: fucked around with the Sears bankruptcy (u/funsnacks merci for this!) + +This also comes as more money has flooded the municipal bond market in the past few weeks: [https://www.wsj.com/articles/cash-floods-municipal-bond-market-11640704797](https://www.wsj.com/articles/cash-floods-municipal-bond-market-11640704797) + +&#x200B; + +>Investors poured more money into municipal bond funds through mid-December last year than they had in decades, providing the fuel for borrowing by states and cities to fund new bridges, sewers and other state and local projects to a second-straight 10-year high.  + +\---------------------------------------- + +EDIT 7(?): **Def read u/ ammoprofit 's comment below a lotta good shit he found like, how the MMLF fund that expanded money/credit to towns/cities started including commercial pape**r (seen in Evergrande/Tether theories, but not saying it's the same comm. paper used here) but also leveraged near the 15 to 1 ratio perhaps under the Net Capital Requirement limit: + +&#x200B; + +>**"$500B at 14:1 Leverage? If I'm making the right connection between the flavor of asset, that's just under the 15x Net Capital Requirement limit. Is this all the Fed had/could afford? Or is this all they needed at the time?** + +Also wondering whether this ties into the stories told about Detroit or Miami + +**FWIW also I found an interesting research paper talking about hedge funds buying up credit default swaps, and how they could potentially bankrupt towns/municipalities through some of these moves if they wanted**: [https://openyls.law.yale.edu/bitstream/handle/20.500.13051/8264/MingJieWangCreditDefaultS.pdf?sequence=2](https://openyls.law.yale.edu/bitstream/handle/20.500.13051/8264/MingJieWangCreditDefaultS.pdf?sequence=2) + +>**Another potential concern is that even in a market that is generally liquid, the market for individual single-name \[Credit default swap\]s may be quite small, which could allow a single bad actor (a hedge fund, for example) to force a municipality into default.** + +&#x200B; + +\-------- + +EDIT 8: + +Reminded then by a commenter (need to find name) to look into the statehood of Puerto Rico thing more and this stuck out! + +&#x200B; + +https://preview.redd.it/3t7472hvo8h81.png?width=1354&format=png&auto=webp&s=87ad93162bcd9dbee833e17437f7c6b3a0a7efe5 + +Seems that because PR is a territory and not a state, this fucks up how they can declare bankruptcy (in their $123 billion bankruptcy in 2017 compared to Detroit's $17 billion) + +&#x200B; + +>They are only considering statehood because it seems like the best option to get out of the more than $70 billion debt crisis they are in. S**ince Puerto Rico is not a U.S. state, and thus not entitled to the privilege of bankruptcy — which is a recourse for all U.S. state and local governments — it is entering a court-supervised bankruptcy-esque proceeding made possible by legislation enacted by Congress last year.** + +&#x200B; + +[America and hedge funds say too bad Puerto Rico, Guam and any other US territory you're turbofucked if you declare that shit](https://preview.redd.it/zaostqkdp8h81.png?width=1423&format=png&auto=webp&s=9d810a0b4bd429d31d809054e337e2403d3b47fb) + +And our very own options watchdog u/Dan_Bren commented this (hope it's ok to include!): + +>I was working in wealth management at the time of this crisis and one of my jobs to review all the clients portfolios and holdings to see if they were exposed to these Puerto Rican bonds through the many mutual funds they were invested in. **I can confirm that almost every single accounts had exposure to this in some way** + +**TL;DR:** + +* **Banana! Found a GME link! A couple of the hedge funds involved in increasing holdings in risky Puerto Rican debt as safer mutual funds decreased theirs (HFs sometimes through potentially nonpublic info), might include Taconic Capital (had puts on GME), GoldenTree (puts on sticky floor) and Canyon Capital (linked to Citadel to raise money in China alongside Oaktree Capital, who has Evergrande links).** +* **They can also buy credit default swaps on these bonds and sometimes single-handedly bankrupt a town/city.** +* **Tying into welp007's post, big banks piled on Puerto Rico with billions in debt in what was considered a Madoff-level Ponzi scheme between 2006 through 2014 at least, leaving the US territory turbo fucked before it got hit by a Cat 4 hurricane. The bonds sold were considered "less transparent" than what would happen on the mainland, so this is prob why the SEC is fucking ducking FOIA requests.** +* **Maybe UBS and all these fuckers loaded up Puerto Rico with debt because of a "Treasury Put" guarantee (that some government org would pay for it when it went tits up).** +* **The Puerto Rico fraud might be related to Detroit's bankruptcy, and maybe when Detroit went titties' up it had collateral damage and fucked the Puerto Rican municipal bonds and now SEC and everyone is trying to hide the shit under the rug.** +* **The Puerto Rico debt story might also relate into why they aren't being let to be a state, since US territories have different bankruptcy rules (!) Municipal bonds for PR also have heavy investment from colleges in their endowments (Harvard, Yale).** +**$BINGUS** is at it again ! What ? Last big news was 2 days ago only ? 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Give credit where it is due, not me. + +https://www.youtube.com/watch?v=bo427AW0anw + +Go to the ~9:30 mark in the most recent AMA with computershare. They are asked whether they are allowed to release information about DRSed share numbers and their reply is incredibly bullish!! + +They reply that releasing this information is decided by their corporate clients, not by them. They go on to say that they are in talks with one or two clients about releasing number of DRSed shares periodically, and this is something that could happen very soon! It is possible, and if GameStop wants to allow these numbers released they will be released!!! + +Again, rather than the usual weekend sub drama and FUD, this is something we should all be discussing, this content is not my own. + +🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit 1: Link to original post from another Ape sub:: + +https://www.reddit.com/r/GME/comments/r83kvk/holy_sht_computershare_just_said_that_they_are_in/hn3fwps/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3 + +Edit2: feast your tits on this: + +https://www.reddit.com/r/Superstonk/comments/r8qvo4/drsbot_daily_stats_1232021_day_53feedthebot_3/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +I am purchasing a new primary residence house and getting a large mortgage at 4%. Meantime I am selling my current house and not sure if I should put 100% of sale proceeds into the stock market (I would put all into qqq) or into the new mortgage (mortgage at 4%) or maybe split it 50/50. I know the stock market on average returns 7% per year vs 4% mortgage and that makes it seem like putting it into the stock market is better idea. But there are other considerations like taxation that makes it quite complicated. I am wondering if anybody has good insight into what is best thing to do here financially. +Edited to add: I am 34. +My main information on Economics has been from Basic Economics by Thomas Sowell. My general takeway from the book in regards to Keynesian theory is that it's a crock (mostly that government intervention and stimulus in the economy is almost always bad and essentially income redistribution when it comes to taxes (and poorly done at that)). Reading other responses has made me question this. What good ideas did Keynes contribute? +There's a lot of debate on this topic, but a fair bit of googling hasn't turned anything up as far as a strong rebuttal of this... which I feel like there should be since there's smart people on both sides of this topic. + +If women earn ~$.80 per $1.00 men make, doing the same job, why don't companies (in the aggregate) hire wayy more women than men, and pay them less to save money? If business leaders themselves are to blame for the sexist pay practices, why don't we see non-sexist people starting businesses that hire only women; labor costs would be 10% less across the board (assuming competitors have a 50/50 split of women and men), which is a significant advantage and could allow them to undercut competitors. You might expect this to be especially noticeable in markets where prices are low and margins very thin. +I find economics interesting, but I don't have any background besides what I've picked up off of reading newspaper Business sections. What are some books I need to read so I can consider myself somewhat knowledgeable on the topic? + +edit: Wow. I didn't expect this big of a response. Thank you everyone! +COST has gone on a ridiculous run this year, breaking out of the 300s and leaping now well into the 500s. I grabbed 10 shares when I started investing in April because I knew it was a profitable company that’s well-run with a solid loyal customer base, but never in my wildest dreams did I expect it to go on this kind of run. + +Anyone find any reasons that COST is climbing like this? Seemingly not even the September correction could slow it down (unlike in March). +So, I am not a struggling ape, although I do work hard for a living. + +Today, however, for the first time in my 25 year career, I have lost my job. (Happy to provide proof to mods if needed). + +I am struggling emotionally guys. I feel worthless and lost. I know I can find another job eventually, but I felt like such a failure telling my wife and kids before they left for their school / work. On my kids birthday too. + +Really, so much suck...... + +I just needed a place to vent. No need for any charity. I just needed to scream "virtually" + +"FUCCCCKKKKKKKKKKKKKKKK!" + +&#x200B; + +Edit for an update: I want to thank you all for the awards and words. Honestly I dont need the awards (save your money for GME) and I wish my first gold was on a more positive post. But thank you all very much. + +Second update: Doorbell rang for a delivery. And guess who showed up but my Bananya from Gamestop. Timing couldnt have been more perfect as I really needed the hug. I am gonna cuddle with it until I have to give it up to my kid :) + +Last edit: This community has brought me a lot of laughs and tears today. What we do in this group is so far beyond the Stonk and I dont think people see that. With that said I have spent a lot of the day trying to keep up with replies and I need to step away to take some time to reflect. If I didnt respond to you, please know it isnt because I dont appreciate you. I really, truly, do +I keep reading comments that etoro is not a good platform, that it has high fees or spreads yet for stocks the spread seems around 0.1%, i don't think this is high? + +So can someone explain why etoro is not a good trading platform to use? +I have been studying forex and practicing since august 2020. I have invested my time and loads of money which i save in forex and lost almost all of it by learning on courses and trading on a live account. I stopped trading live and switched to demo. I start to ear profits on 3 trades then lose 10 trades. My mind is tired and I don’t think i can trade forex any more. It’s devastating that you learn and learn and see other’s earning but I’m still at the same position. I love forex and i wanna make a decent living out of it. Break the family chain and become independent. Work for my self. Any advice one what to do?? +It will happen no matter what whether it’s the market conditions or something else. + +But how do you deal with it? + +Do you just take time off and come back after a few days? + +Reduce size? + +I would like to hear your suggestions and opinions +https://www.reuters.com/markets/currencies/turkish-lira-flat-ahead-cenbank-meeting-2021-12-16/ +>ISTANBUL, Dec 16 (Reuters) - The Turkish lira dropped to an all-time lowbeyond 15 against the dollar on Thursday ahead of another expected interest rate cutby the central bank, which has fallen in line with President Tayyip Erdogan's risky new economic programme. +> +The lira touched 15.2 at 0606 GMT, a record low, and it has shed more than 50% of its value so far this year. The central bank is expected to cut its policy rate by 100 basis points to 14% at its policy-setting meeting later in the day, a Reuters poll showed despite inflation soaring above 21%. +*** + +Believe it or not, the Lira was 8.3 per dollar on 1 September. If Turkey cut rates more on Thursday we are going to see FX fireworks and this risks contagion to other EM currencies and also Eurozone banks exposed to Turkey. (We are talking about the world's 20th largest economy here!) +**Edit before you read:** I have traded live for 3 months but had so strategy and switched to a new broker so I wanted to learn the platform so I went to paper on thinkorswim and took it most seriously, *before you shit on this post its for new traders, newer than me that I'm 6 months in.* + +For starters im paper trading now dont shit on me for paper trading, I have 60k in savings at 23 im frugal and im not about to spend my savings because I was too dumb to dive, in. I traded live for 3 months swing trading, I know how the emotions feel, and anyone who tells you paper trading is the same as live trading is lying. + +**You dont learn to fly a plane getting thrown in the cockpit? You go in a simulator first.** + +&#x200B; + +**Paper trading is not the same as live trading but at least it lets you know how you need to think, it helps you more clearly develop a strategy otherwise if you dive in thinking you know it all you will get punched in the face before you re-think your entire process** & yes that happened to me. + +ANYONE who makes posts on Reddit talking about their success 99% are BS posts I have been trading for 6 months now I study & learn new golden nuggets every day and I still don't know shit in fact no one knows anything or **no one knows what's gonna happen next**. 99% of reddit, some twitter posts, stock twits, are BS everyone's insecure and whats advice when to sell and buy or what to sell and buy everyone follows the crowd, I barely come on these types of pages and this is why. Chat rooms are basically BS everything is a big ball of BS, come back to me in 5 years when I know more than I do now & ill tell you im still learning. + +The best way to describe it to me is.. **think of most of the trading community as a corporate job, everyone discusses what the other person is doing, said, gossiping, talking shit, coming up with theories, spreading rumors, lies.** Where if you sat in your cubicle with your 1 homie and focused on shit together you probably would be better off shit, if you're by yourself that's okay too. Trading is very lonely I can see I'm very new to it but I can see to what it is. A friend brought it on to me but I took it very seriously from the start, I took a month of educating before even buying my first share, he's more of an investor with no motive or interest to do his own research, he doesn't have the funds to day trade but even basic fundamentals or charting skills he has none, zero. + +If I go anywhere on any chat room any comment section, people will ask whats your PT, when should I sell? how do you know this? that? Its easy to get lost and I truly and learning every day but the biggest help for me has been putting 11 sticky notes on my screen to remind me to sit on my hands. I have journaled every trade since the first one & I suggest you do as well, I go over what I did wrong, right, what I will improve on next time. I record every single trade and go over it at the end of the day, I go over all my trades at the end of the week, I meditate and prepare psychologically for a good day, if I wake up late I woke to go on the computer and trade I will go on a walk before my coffee come back stretch meditate and trade. **Patience is key, persistence is key. Im breaking even all the time, I'm paying market tuition but I'm learning**, I very strong risk management, I stick to really 2 strategies and if they are not there I won't trade. + +***Things to take note of or reminders for your trading:*** + +1. **Don't be impatient -** sit on your damn hands & wait for A+ setups +2. **Have a plan**, don't FOMO jump in. If you do wait for a pull-back and make sure you have a plan +3. **chat rooms will fuck with your head, you're never going to be a good trader with that shit around**, unless you really really have a small group and extremely supportive of your millions of answers but even then your almost looking for the 'answer' for it all. This being said there is exceptions where some discord channels have excellent education tabs or groups online do, go on youtube go look at blogs don't go to one source go to a bunch and go for what feels right for YOU. +4. **log your trades**, you will thank yourself for this I go over exactly where I entered by using a screen shot of the trade itself, entry and exit. A lot of traders use excel sheets with a boatload of numbers and criteria but personally that's not for me it may be for you, Im more of a visual learner. I mark what I did right, what went wrong, what I could have done better, where was SPY at the time of the trade, what was the ATR of the stock, short interest, float, market cap, news, did I mark previous areas of value? important areas of support and resistance? I will edit this photo with blocks showing the type of stregy it was, what I will do and prepare for next time, did I take a start position? Did I scale out of my position immediately when I saw a profit? was I eyeing level 2? I found in logging my trades I used to put all the bad trades and then one good one, now I only put the good trades and screw the bad ones as humans we naturally focus on our failures and remember them so why not hone in on our successes and what exactly about it to the tee made it a winning trade for me? I also rephrase words like "loss" to "cost of doing business" like people say think of it as market tuition, loss is just such a harsh word there is no way to look at that otherwise. I promise you making your own playbook of your best trades will be the best thing you can do, especially screen recording. I will see trades and this light pops in my brain saying this is your playbook trade you cant skip out on this, I enter and before I even enter the trade due to the ATR i know exactly the max I could lose multiplying - # of shares X my cents I'm risking below support. and the ATR shows me my expected PT for the trade. This is just what I do, regardless it doesn't matter find what suits you, but If you're paper trading and not logging your trades and just doing it mentally your wasting your time. +5. **if / then statements** \- couldn't be any more helpful if you dont know where your getting out then why are you even getting in, again trading is simple but it sure isn't easy, buy at support / sell at resistance right? Seems life changing & so easy when your first see those things then you try to determine good risk reward opportunities and your in the heat of the moment chasing things and messing up but you can look at the chart later and say oh, "if only I bought here" patience is so so key, it really is. I have to instill it every day, I am so new to trading but I do everything I can to better myself every day, and all my mistakes are psychologically and dealing with just how I handle myself, the impulsiveness, the hesisitation, trading too large, overtrading, these are all the things that mess me up and they will do that to you too. So be aware of yourself that's the best thing you can do as a trader. Your trading journey is identifying where you go wrong not the market, it just makes opportunities all damn day, its you to capitalize on those, flow with the tide not against it. +6. **talk to yourself - yes literally out loud.** I screen record myself with my voice guiding my thoughts in that exact moment only so I can watch it later realize it didn't actually go down as fast as I felt like and think wow what an idiot what were you thinking... well! im thinking out loud so I can actually hear my damn mistakes. +7. **Most importantly do you even love trading?** \- If you are influenced by the money only and simply have no interest in trading you're going to fail simple as that, my dad forced me to do so much shit in my life, yeah I was good at them but I was passionate enough to be great, this is the first time I have ever truly wanted to spend every single second doing something. From the morning I wake up, until my body tells me I can finish where I left off tomorrow\*\*.\*\* +8. **If you really love trading - learn to have balance** \- this is something I need to remind myself of. I have saved my money for a long time, trying to make my dad proud of something, not knowing what the fuck im doing with my life and going to be 24 in a few months. I have become obsessed with this, it really is the first time I dont want to watch movies, I dont want to play video games, I spend every breathing second learning how to trade better and learn more than I did the day before. I need balance and everyone does, dont let it control your life. +9. **Trading is a lonely and challenging aspect but what are you really in it for?** \- I love the challenging aspect of trading, I love that many people cant make it, I love most that It allows me to learn about myself, the way I psychologically deal with my mind and my day to day, how I handle hardships, how I face things within myself, I have always loved psychologically studying a couple of courses at community college and business but it brings them both together, it fascinates me. +10. **Dont get stuck on paper trading -** As I said above the only reason I went to paper trading is because I wanted to learn my brokers platform, (thinkorswim) I wanted to hone in on one or two strategies which I currently am, I believe those who shit on paper trading started off live and once they got punched in the face revised and took that as the bias towards creating a strategy, i dont know everything but im not an idiot i already said this happened to me, so to not have a strategy and then switch to a new broker no knowing the platform will set you up your failure. Dont get stuck on paper trading though, set a time frame you want to be on it for I think 3 months is a good go, some people stay on it for a year and I dont think thats good, again you can ALWAYS go back. +11. **Paper trading is simply to format strategy and learn from your most common mistakes -** All my mistakes right now majority of them come down to impatience because if you are patient and wait the opportunities there and you will just know if studied that set up enough, it will stare at you and almost say "buy me" those have litterly been my best moves that I have felt and are in my playbook where I recognized them and added them as good risk reward opportunities, its easy to want to buy everything and this is why I disregard most reddit posts and chat rooms its easy to say huh what is everyone buying before you know it you're clicking away and incorporating a strategy only resembling gambling, its like you're obsessing with the green on the screen. If this is really a problem for you, *remove your P/L from the screen, if your broker wont let you remove it litterly tape a paper over that part of the screen a trader cares about risk / reward and good opportunities to benefit that's what gets you P/L not magically watching if it will be there.* +12. ***My favorite places to learn are..*** *If I had to choose two places for you to go as a new trader is SMB capital youtube videos - they are authentic/real / no BS and can guide you in the right way.* + +*Chat with Traders Podcast - there is a little over 200 podcasts roughly 35-60 minutes each I have listed to 80 of them so far and I log notes and journal on them all - if you want to really hear how pro traders got started go here, what they do and how they do it, a lot of them you will find stuck with one thing, and do it very very well.* + +13. **My favorite trading books...** + +I have read **trading in the zone by Mark Douglas, the Warren Buffett portfolio** (just a basic book on warrens principles of investing and going with what you know, not checking your stocks every day and buying Stocks only if you plan on holding them for the long term) after reading this book is when I cleared up my portfolio and now only have large blue-chip companies mainly tech. I’ve also read **price action trends by AL Brooks. How to day trade for a living by Andrew Aziz, Trading Psychology 2.0 by Brett Steenbarger, mindset by Carol S. Weck** Is one of the best psychology books I’ve read it really is eye-opening to how you deal with things in boat trading and life. **One good trade by Mike Bellafiore Owner of SMB Capital** this book talks a lot about focusing on quality over quantity and identifying your mistakes And I am like 100 pages left of his second book called **the playbook** which has to do with journaling and tracking every single one of your trades and primarily having A separate journal where are you put only one trade from each day that really stood out to you and made sense and why. These last two books have been my favorite I think. If you’ve ever watched any SMB capital videos on YouTube you know how straightforward forward and authentic they really are. + +**Why did I make this post???** \- I made this to remind you - the reader, I made it to remind myself. Im a big fan of progress in my life but also in seeing shit down to the core of what it really is. I made this because I saw someone post a BS story of how to make it as a trader and I see to many and it pissed me off. + +**there isn't a time where you just "make it" as a trader** its not like oh here's your master's degree. Its something that gets crafted over time, real traders do one thing and only one thing very well. Wanna be traders follow everyone else, & learn to cry about how shitty they are or learn to sell courses, the best traders know how to adapt to every situation. +Hi, I've been working for 1.5 years in my career. Started a little late in life, and I'm now 34. I want to maximize my efficiency for savings. House/retirement. I'm not sure what I should focus on between RRSP or TFSA. Need some real-life experience advice! I do have some debt, which I will have paid off by latest May 2023. + +Age: 34 + +Gross Salary: $73,500 + +Residence: Ontario + +Line-of-Credit Debt: $13,700.00 - 15% interest + +2022 RRSP deduction limit: $33,471.00 + +Employer RRSP Contribution match: up to 3% of earnings. + +2022 TFSA contribution room: $81,400.00 +Since the NSCC-2021-002 rule became effective (montly to daily or anytime check account + 1 hour margin call), they can't allow the price to rise to XXX (can be 250, can be 350, no one knows). The day they're buying is everyday trying not to let the price rise to margin call territory. Before, as they only had a monthly account check, they could let the price reach the 300's for a few days, but not anymore. + +They are using everything they have left to avoid the price rising. We're in the endgame (again), they can't keep the price below 200 forever. Hodl, that's all. + +&#x200B; + +Edit: typos. +After nearly 40 years I'm retiring today in my early 50s. I have noticed a few things that I thought I'd share. + +First - we've covered the financial stuff on this sub ad-naseum. My family will be fine financially. Similarly medical care, etc. is going to be okay. + +That stuff is just business anyway, and we spend far too much time on business in our lives. + +The first thing I noticed is that I'm accepting increased *invisibility*. Not working will mean fewer people come to me for my expertise and guidance. Fewer accolades and successes in the corporate environment I have embraced for a few decades now. I'm looking forward to this invisibility and anonymity! It will give me room to be more authentically 'me'. + +I have also noticed that by divorcing my brain from daily work I have allowed more room for thoughts of my family and friends' situations. I'm already more aware of what is happening around me just from the change in focus. + +The final thing I'm noticing, somewhat related to the above, is that I no longer have to keep up that professional wall around me. I have always maintained a distance from my co-workers, and I see that tendency bleeding over into my home life. It is difficult when you are required to compartmentalize your thoughts and emotions in order to maintain a professional demeanor. I'm no longer going to have to do this. + +Anyway - Just wanted to share some unique perspectives as a person who finally reached my RE date! +Long story short I owe my parents $3000. I need help. If I don’t get them that money by August then I can’t go to school.. which I need as soon as possible I do not want to wait another year. + + +Any ways to make decent money in that time span? My current job started full time but recently I’ve only been working like two days a week and that won’t get it done. My monthly expenses are about $200 (insurance and phone) + + +Please help me:) + + +Edit: + + +To clear a few things up: I live in Illinois outside of Chicago. I live with my parents. I owe them this money because I stopped going to Community after a few weeks last fall and they figured I should pay the money back +Since in all probabilities insurance premiums are set to rise after 30th November, 2021. I wanted to share my experience of the policy issuing process. There is not much detailed info of the processes followed by different insurers on this subreddit, so hopefully this will help out some folks. + +&#x200B; + +Brief about me: 27M, only child, unmarried and no dependents currently, both parents retiring over the next 3 years. My profile doesn't typically fit into someone who really needs a life insurance but I believed that I would need one sooner rather than later, so decided to go ahead and get one. + +&#x200B; + +Cover Amount: 2 Cr. Chose an amount based on what I believed would be more than sufficient (based on current household expenses) in case of death in the next 15-20 years. Post that time period my investments should be able to take care of everything and the policy could be discontinued if I wished + +&#x200B; + +Policy Type: Was clear about getting a vanilla term insurance which pays out a lump sum in case of death and that's pretty much it. Would consider riders in case they come at a miniscule cost. + +&#x200B; + +Why Aegon: Lowest premium out of all options listed on both Policybazaar and Coverfox. Did a lot of research on how to chose a life insurer but couldn't really see any advantage of going with the more popular bands plus Aegon does physical medical tests (no video medical etc.), so claim rejection can not be done on this basis. + +&#x200B; + +The Policy issuing process and timeline: + +1. Made the payment on 20th Oct after filling the details on Aegon's website. +2. On 21st Oct was asked to upload 6 month payslip and Covid Vaccine certificate (uploaded on same day). +3. Got asked for additional documents - 6 month bank statement, covid positve and negative reports and treatment records (I had declared that I had previously gotten Covid), submitted the docs on the same day. Parallelly a medical (ECG and blood test) was scheduled for 23rd Oct. +4. 23rd Oct, both ECG and blood sample collection was done at home which took about 30 mins in total. Fairly smooth process. +5. A week later on 31st Oct was informed that additional tests needed to be conducted. A Chest X-ray was required, as well a repeat ECG from a different lab (found later that the first ECG results were extremely abnormal) +6. Next day got a call to schedule the medical tests, but was going out of town due to Diwali break, so the process stalled until 8th Nov. +7. On 10th Nov, got a call to schedule the medical tests for which I would have to got to a centre. Got this scheduled for the weekend. +8. 13th Nov, Went to the centre (2 kms away from my residence) and got the X-ray and ECG done. This took about 30 mins. Got intimated the same day that tests were successfully completed and policy was under review +9. On 19th Nov, received a revised quote. Premium increased by Rs. 600 citing age change during the process (I had applied for the policy only a week before my birthday and their sales rep had already told me before that their will be a revision of around 500-600 Rs as it wouldnt be possible for them to complete their process in a week) +10. Payed the balance amount and policy issued within an hour. +11. Received the policy document. Reports of all medical tests that they conducted were available on their iassist portal + +The total process took around a month, but possibly would have been done in 3 weeks had I not gone out of town for Diwali. + +&#x200B; + +For folks considering Aegon's life insurance, please check with them if revised premiums would be applicable to you or not in case you apply before 30th Nov as their process would take at least 3 weeks to be completed. + +&#x200B; + +Overall my experience was fairly smooth and the customer support was top notch throughout the month. + +&#x200B; + +Thanks for reading :) + I'm following pattu (if that's how it spells) from freefincal and recently discovered varun Malhotra on Youtube who explained very well about index funds. what other youtube channels would you recommend? + +ofcourse there is varsity app but I'm looking for video content. +UPDATE: He has been summoned and has commented below. + +Feels like it was a few weeks ago but I have lost all sense of time tbh 😂 + +I thought that was hilarious but I was also really interested in what his cost per share would look like. I imagine he’s down quite a bit atm but still holding and lurking here. Maybe he has posted a update but I don’t recall seeing it and I frequently visit this subreddit all day every day but I usually sort by new. Good chance I might have missed it. + +Not sure what to search for because all the terms are so commonly used here. Did anyone save that original post? + +If you’re the guy and you see this, have no worries fam, GameStop isn’t leaving any ape behind on the way to the top. + + +🦍 ❤️ +Remember the 2007 housing market crash? Yes, the one in which John Paulson made 20 Billion Dollars and Dr. Michael Burry 800 Million Dollars betting against the subprime mortgages? + +This was their greatest trade, in which both John Paulson and Dr. Michael Burry were early, and were laughed at while buying CDS (Credit Default Swaps) on the mortgage backed securities. They both went thru their own share of doubts and skepticism while their well researched trade was losing money for a few years. + +Dr. Burry bought CDS in 2003 and added to his positions till 2006. His portfolio was in the red by 60%. The CDS that he had purchased for 15 million each in 2003 was valued at 6 million years later. + +In 2006, just a year before his investments would pay off big time, Dr. Burry was forced to abandon plans to raise funds to add to his position. In fact, due to pressure from his "investors" he was forced to sell part of the CDS that would print tendies just a year later.!!! + +The analysis, research and data was spot on. All that was needed was time.... John Paulson held on, and is now remembered for making "The greatest trade ever" though it was Dr. Michael Burry who was the first to predict the subprime mortgage crisis. + +It is my personal belief that GME will be the greatest trade ever for those who have the foresight, patience and the courage to hold on to their conviction in face of naked and abusive shorting of GME, while it is undergoing a well planned and executed transition. + +This is not investing advise. +Ryan Cohen buys BBBY shares and calls in March 22. + +Apes know about this for ages. + +Some apes buy BBBY the weeks after. + +BBBY gets hyped on 2xUSB. + +BBBY gets flagged "The new Gamestop". + +Cramer hates on BBBY (inverse Cramer kicks in). + +Ryan Cohens filings and holdings get hyped on 2xUSB. + +BBBY skyrockets. + +Ryan Cohen suddenly is the saviour of 2xUSB. + +Ryan Cohen sells. + +2xUSB gets spammed with posts that Ryan Cohen betrayed everyone and "apes" should stick it to him by selling their GME. (Yeah 'cause we all are a bunch of kids who got their sweets taken from them. You think investing is a damn game?) + +Ryan Cohen gets reported to the SEC and is being called for a subpoena on the same day. + + +Now i don't know how many crayons you ate today but this shit sounds like an obvious play to discredit Ryan Cohen and Gamestop shareholders. +They fucking shorted Gamestop right at the time BBBY fell to make it look like "apes" were mad and sold both. + +I'll tell you what. I made money with BBBY, i got out when i should have and every penny is going straight into GME and DRSd. Everyone knows 2xUSB is full of bots, most of the posts hyping up BBBY were new accounts. + +Losing faith in Gamestop? Today convinced me even more those crooks don't care for anyone on this planet but themselves. Threw a bunch of investors under the bus just to form a false narrative. +I quit my job six months ago. I became single about six months before that. Now, my life is one big gaping hole of nothingness. I'm being confronted with all aspects of my life that are lacking: + +* I don't know what I want to do in terms of productive endeavor ("job") or something that will give my life meaning, and haven't the slightest clue where to start, +* I realized how small my social circle is and how little time my social interactions actually fill, and haven't the slightest clue how to expand my social circle, in part due to only seeking deep connections, +* I'm single, and despite having no trouble finding dates and being an interesting person, the "freedom" I have is simply perceived as an empty life and goes unappreciated. I just want to spend quality time together. I almost feel like I have to pretend to be busy to "fit in" more to be more likeable. People don't care or feel that you "achieved" something great, all they do is ask: "so what do you do all day?" and I feel like I have to justify my life, +* Hobbies? Yeah, have fun doing it all on your own with absolutely no one to share any experience with. Shit gets old fast. I see posts like [this](https://old.reddit.com/r/financialindependence/comments/qlvkhm/what_will_you_do_once_you_retire_early/) now and laugh. Being able to do any of those things matters zero if you don't have anyone to share your life with. It's the one thing you should be focusing on for your retirement: **how many people do you have in your life to share your time with**. The rest is irrelevant. I fucked this one up big time. +* I'm stuck because there's things I know I'd want to do, but I don't want to do them alone. Now I seem to be stuck in the weird situation where I have to go out and make friends (hard) or find a partner (harder) so I can go and do those things together. No point in doing anything alone. Happiness is only real when shared. + +In all, what was supposed to be an amazing journey has turned into one of the darkest periods of my life. I don't want to go back to work just for the sake of filling my time, and I also don't know how to move forward either. It's been hell feeling the time tick away with nothing to do and nothing I *have* to do. I wish I had read this line before and taken it to heart: retire **to** a life, not **away from** one. And believe me when I say, achieving FIRE is nothing like you think it'll be and I actually believe there is a good case to be made for saying screw FIRE and just go with the flow of the work-play-sleep lives everyone has. Forget dreaming about "that day" when you'll finally be able to "live". + +I just had to vent and rant, any insights are appreciated. + +**Edit**: My post didn't get approved for a while because it was a new account, came back later and saw all the responses. There's too much to reply to each comment, but I want to say a heartfelt thanks to all those that offered their advice, insights and support. It means a lot, and helps a lot. Achieving FIRE and quitting your job is a process unlike any other, and forces you to confront the totality of your existence. Every insight you have provided, big and small, will help me through this process. + +I'm well aware of many of the "issues" in my life and/or attitude, and even knowing some of the solutions to them, *doing* is sometimes the hard part. That said, I am actively seeking out therapy and trying to find the right therapist for me. We're all different, and my post (aside from needing to vent) was meant to shed a very different light on "the light at the end of the tunnel" many perceive FIRE to be. [This](https://old.reddit.com/r/financialindependence/comments/qlwk6v/i_fired_at_30_and_now_im_lost_depressed_and_dont/hj8yhpi/) comment describes it well: + +> This is something most of these people won't comprehend or understand until they are lucky enough to be FIRE'd. It isn't the magic cure-all for how you feel in life. It just gives you more time to focus on it. + +Your life and unhappiness (or happiness) will still be there post FIRE. I used to read things like this and think "Nah, that isn't me, I'll be happy". It's not true. You'll still be exactly as happy or unhappy as you were, except now it's all thrown under a magnifying glass with nothing but time to be confronted with it all. This is what I'm learning and going through. I hope others can learn from this and better prepare for the future life they are gifting themselves. + +The main insight I wanted to give through my post is: **have people in your life**. There's many commenters making false assumptions about me and me life, about who I am or projecting their own realities onto mine. We all have our own lessons to learn and this is mine I'm sharing with you. Make sure you have people to share your life with, build relationships as you are building your portfolio **now**. Human experiences are all that matter in the end. +I think hedgefunds finally realized this is their losing battle. In teaming up with Fidelity to create 12 million extra shares for them to short, I bet they gobbled up all 12 million, and have been using that with any new shares available in the past weeks to drop the price from $250 to $140, as a final “Hail Mary” attempt to minimize their loses. Once hedgefunds see apes buying up the shares, and DRSing them, hedgefunds will all out blitz and fight one another to cover first. This drop shouldn’t faze you, it does not faze me. I’ve seen this happed for the fourth time now. + +💎🙌🦍 buy, hold, HODL, DRS, buckle up. Just know you are not the only one buying. I buy shares weekly, and with payday coming this Wednesday, I will buy more. + +Happy Holidays RC, DFV, apes 🚀🚀 +So, a lot of people have been talking about inflation, and with due cause. I have been doing a bit of work looking into it at the start of this year especially reading about 'The Everything Short'. + +What follows is a sort of explainer into the basics of inflation. Are you ready? Here we go:Inflation = (money supply) \* (money velocity). + +Thats it. Thats inflation! Pack it up folks!Heh, just kidding. + +Inflation in simple terms is the measure of the devaluation of a currency. A piece of meat still provides the same calories. A house still keeps you warm. Water still cures thirst. Salt still preserves meat. These things and their underlying value does not change. What changes is how much you have to spend of each thing in RELATION to other things. + +That is, 100 cows for a house. A dozen eggs for a block of cheese.As supply increases , so does the value of that thing fall when measuring against another benchmark. + +So if there is more money - obviously money is worth less when comparing against something that doesn't increase in supply as much.We've all seen the money printing. Money supply is growing drastically.Check it out below: + +&#x200B; + +[Money supply vs velocity of money](https://preview.redd.it/yukppqni5e671.png?width=2824&format=png&auto=webp&s=6203f424c613d4d4f7596a46298bf38aca701bc9) + +Looks wild huh? That yellow line is the velocity of money. It's been steadily dropping since 2015 or whatever. Not much though. The reading in 2015 was about 1.54. It was already going down and was at 1.45 at 2019. In the pits of 'rona? Try 1.1 + +That blue line is money supply. Also crazy right?Lets look back at our previous formula: Inflation = (money supply) \* (velocity of money)Notice how they are inversely related pre coronavirus? Then it goes WILD. + +Thats because the ONLY thing keeping this stupid turd nugget of a world economy from going into a deflationary spiral was money printing. Velocity of money has been declining the entire time. Yikes. + +And so now we have coronavirus. Deflation should have skyrocketed. Look at the money velocity! Dive, dive, dive! No one is SPENDING. But thank the Lord for Jerome as he pumps that money printer. Inflation is maintained. We don't go into a deflationary spiral after all. The money supply increases and we maintain economic health. + +**So here is the elephant in the room: What happens if the velocity of money increases to pre-pandemic levels?** + +[Pricing of goods increasing over time. Green line is money supply \* velocity\(current\). Blue line is money supply \* velocity of 1.4](https://preview.redd.it/uh4t2ygb7e671.png?width=2824&format=png&auto=webp&s=7c6bb0d41dab06168056980cace43fce7352dc0e) + +If M2v (velocity of money) increases to a (already low) pre-pandemic level of 1.4 the blue line skyrockets. THAT BLUE LINE IS THE NEW PRICING OF GOODS. + +*edit1: for those wondering what velocity of money is, it is the rate at which the same dollar bill changes hands. Someone buys, a person is paid. The paid person buys, paying someone else... saving money reduces velocity of money.As per* /u/Sherbertdonkey *- Money is the mass, where it is going, changing hands with,etc. Is the velocity.* + +*What you're looking for here is momentum to drive stuff* + +The difference between the blue line and the green line is about 21% - 30%. If the velocity of money increases and the economies open up and people start spending again.... inflation will rocket. HARD.I am expecting over 20%. + +Want to check it yourself and audit my work? I would love it as we all get better as we learn together. You can use the indicator here. The source code is freely available: [https://www.tradingview.com/script/4QLOhWlJ-Inflation-Nation](https://www.tradingview.com/script/4QLOhWlJ-Inflation-Nation/) + +tldr; + +This market is kept up by the fed printing. This printing HAS to cease if velocity of money increases or the inflation will launch into the moon. If the fed stops printing, the market crashes. If the fed keeps printing, interest rates rise and this ridiculously indebted market crashes.Either way the market crashes and this ridicuously inflated assets that are offsetting GME paper losses will vanish. Marge will call and hedgies will be fuk. + +edit2: the math i used to measure inflation can be found here: [https://thismatter.com/money/banking/money-growth-money-velocity-inflation.htm](https://thismatter.com/money/banking/money-growth-money-velocity-inflation.htm) + +edit3: Looks like I was wrong guys, I can't do math! + +Lets actually review it together and see if I am retarded: +Lets solve to see what Price should be: +**Prices = Quantity of Money × Velocity of Money / Real GDP** + +**Notice how it says** ***REAL*** **GDP?** + + +res = input(title="Resolution", type=input.resolution, defval="D") + Guess_Velocity = input(title="Guessed Velocity of Money", type=input.float, defval=1.4) + + M = security("FRED:M2", res, close) + Nominal_GDP = security("FRED:GDP", res, close) + Inflation = security("FRED:CPIAUCSL", res, close) + + V = Nominal_GDP / M + Y = Nominal_GDP / Inflation + + Price = M * V / Y + + Real_Price = M * Guess_Velocity / Y + + Expected_Inflation = (1 / (Price / Real_Price) - 1)*100 + +To get real GDP you have to divide the nominal by some price deflator. If someone has a better one to plug into my tradingview indicator that would be great. Until then, I have used CPIAUCSL: [https://fred.stlouisfed.org/series/CPIAUCSL](https://fred.stlouisfed.org/series/CPIAUCSL) + + +So now with the real GDP number we can work out what the prices are for each given year, what they SHOULD have been for that given year (assuming our baseline V) and the DELTA. The delta is all that matters here folks. Its NOT THAT HARD and thats why I asked you all to check my source code on the indicator rather than engage in some flawed math like the guy in the comments below (who deleted his account) or /u/hikurashi83 did in this post: [https://www.reddit.com/r/Superstonk/comments/o49o2w/debunking\_the\_20\_inflation\_dds\_it\_is\_crucial\_to/](https://www.reddit.com/r/Superstonk/comments/o49o2w/debunking_the_20_inflation_dds_it_is_crucial_to/) +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 have a question about the JobKeeper miscalculation that came out last week. + +I followed [this](https://www.reddit.com/r/AusFinance/comments/gocqd4/jobkeeper_now_estimated_to_cost_taxpayer_only_70b/) thread last week, and something doesn't add up to me, but it's probably because I am missing a key piece of information. + +Chronologically, this is how I remember events. + +1. COVID-19 shutdown begins +2. Gov't begins formulating a fast stimulus response, estimating how many people will require what (monatary) amount of support. Based on whatever many and vast sources of information they have (ABS, ATO, etc). +3. Gov't announces $130B JobKeeper based on those assumptions and estimations made in step 2. +4. Employers apply for JobKeeper. Some incorrectly entering data (dollars, instead of individuals). +5. A check is done, and it is discovered that not as many people will claim JobKeeper as initially estimated. Now it is only $70b +6. Blame for overestimation is placed on errors made during step 4. + +Now, I understand that the government may have significantly miscalculated the JobKeeper uptake rate, or whatever, it was done as quickly as possible, of course there are going to be some miscalculations, even if they are huge (whether this is right/wrong is a separate discussion) +But, I don't see how you can blame a decision made in step 2, on a bungle in step 4. + +What am I missing here? Or is the reduction in uptake (vs. estimate) and the incorrect entry of data being conflated, when they are two separate issues? +On March 14, 2008, Bear Sterns had just received a loan from JP Morgan that was supposed to halt their closure. It didn't, they still got fucked. Shittydel just did a samesies in getting a loan from Sequoia and Paradigm. + +Now, my work brings me to manholes sometimes. Manholes are dangerous, they're deep, hard to access, hard to exit, and could be filled with poison gas. + +Now, when you have a man down in a manhole, first thing you do is call the fire department and call for assistance from experts who know how to rescue someone from a confined space. The the thing you should NEVER DO, is jump in after to go retrieve the downed man no matter how badly you want to because if it's gas you'll go unconscious in seconds. + +Sequoia and Paradigm just both jumped in when they saw Citadel lying flat on their face at the bottom of the manhole. + +Wonderful, well take their money too. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* 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! + + +After more than 4 months of researching and DD. + +We need a serious change. + +The DTCC needs to disappear: No more private owned (by the elite and 1%) self regulated institution full of greed and corruption taking advantage of businesses and retail. + +No more IOU’s: No more virtual assets or imaginary shares. Back to physical or completely transparent system, if you buy something you own something and can claim it anytime, no more middleman holding assets forever. + +SEC needs a reform: Real reform and real power fully transparent and fair. No more going on favor of banks approving rules favoring them and giving exceptions to favor them. They need to be fair and partial to keep a healthy market and economy. + +Blockchain system: a completely transparent, honest and fair system that favors all parties in a win-win-win scenario, honest with no massive gambling bets and simple. If the company grows then the owners or the company benefit, if the company is in trouble and is going bad so is the stock. + +Wealth distribution: The money the DTCC (elite and big money) has been stealing and taking from businesses and retail for years needs to come back to the people they disrupt for so long, all the jobs, houses, struggles, technology lost and advancements everyone lost because of that elite greed and control needs to be paid. + +It’s time, we need to wake up and make this world a better place. Enough is enough. + +No financial advice, this is what needs to be done so we can recover as society and have a better world. Starting from the economy. + +Edit: The saddest things about this whole situation is, we are being fucked by the middle man. This middle man are banks and big money that control and bought the government. + +They are taking advantage of the transactions when all we want to do is support businesses and markets and at the same time benefiting for that support and help. + +Edit: video worth to watch https://www.youtube.com/watch?t=10&v=Kpyhnmd-ZbU&feature=youtu.be + +They never learn… +So today I went on www.bittrex.com to create an account and deposited roughly 26 BTC and traded them for other coins. Of course before doing this I did the basic verification, phone verification and enhanced verification and the 2FA authentication. I tested everything out and everything seemed fine... Then I logged out at 18:54:27 2 Hours later I come home and try to log in and it says that Bittrex is checking for my browser and that this might take up to 5 minutes. Few minutes later it goes through and asks me for my 2FA which I provide. Again it takes a long time and ends up failing. So I wait a bit and do the whole process again and when I finally log in I notice that everythings gone... All my coins were sold for btc and gone. So I check the history and this is what I see... NEW IP LOGIN UNKNOWN_IP_WITHDRAWAL_APIV1_SUCCESS NEW_IP WITHDRAWAL_APIV1_SUCCESS and then a few mins later I log in... so what happend? +I fixed my mortgage in May 2022 at 1.69% for 2 years. I’m considering breaking the deal early and fixing for 5 years because of the way the rates are increasing so quickly. There would be an ERC of £900 for me to do this, but I’m just scared of how high the rates will be by May 2024. Would you stick with it or change your deal now and pay the ERC? + +UPDATE - Thank you to everybody for your replies. I didn’t expect this post to get so much attention. For those asking why I didn’t fix for longer, it’s because I was going through a long-term break up around the time and wasn’t sure what the future held so wanted to be on the safe side and fixed for a shorter period. + +I’m going to do what most of you have suggested and ride it out, put aside some money and use it to overpay towards the end of my deal. I know that there are others who are worse off than me but I really hope everyone gets through this unscathed. Thank you again! +Hi all. + +Today was the 18th lowest volume in the last 10 years. AND the 2nd lowest volume day since our current journey began. + +I haven't been around much because...life.... + +But I have been watching the volume on and off over the last few weeks. And today was like...WOAH!!!! I downloaded the volume history for the last 10 years and sorted it low to high... + +As the title states... HOREY SHEET... Arrakis is starting to look like the water planet in Interstellar. + +I am posting a table of all volumes under 1,000,000 in the comments. Unfortunately, no high score in the left hand column.... + +Buckle up. + +BUY, HODL, DRS. + +EDIT: + +In the realm of the current interest in the latest iteration of DUNE... + +Litany Against FUD & SELLING + +"I must not SELL. +SELLING is the MOASS-KILLER. +SELLING is the little-death that brings no MOASS. +I will face the FUD. +I will permit it to pass over me and through me. +And when it has gone past, I will turn the inner eye to see its path. +Where the FUD has gone there will be nothing. Only Apes will remain." + +BUY, HODL, DRS! +TADR: read it. This is the hardest Reddit post I'll ever write. + +&#x200B; + +Yesterday evening on [computershared.net](https://computershared.net) a large dildo appeared. You apes [noticed](https://www.reddit.com/r/Superstonk/comments/rlx6vs/looks_like_reinforcements_have_arrived_euroworld/). Regrettably, that dildo is wrong. It's off by 40k shares. + +https://preview.redd.it/qbeqxp8n94781.png?width=640&format=png&auto=webp&s=a1e079d148dacd27ae4e175f033cef4ed85a0394 + +If you've read my [methodology](https://www.reddit.com/user/jonpro03/comments/q7o6ra/drs_infographics_faqs/), you know that every evening at 6pm, I sit down with a glass of hopium-laced scotch and [audit the day's posts](https://www.reddit.com/r/Superstonk/comments/pv9lu2/manual_auditing_of_computershare_screenshots_be/). + +Why? Because I use computer-vision to extract values from images, and computers are stupid. + +Take this image, as an example: + +https://preview.redd.it/io4dvle0b4781.png?width=540&format=png&auto=webp&s=94ba5264c8328755ab0f026b4e6afdd518239aa5 + +Looks innocuous enough. You and I would see this and say: 7.429 shares. + +Here's what computer-vision saw: + +>ao Bay BO ull 69% 11:45 xX @ Summary | Investo... in a : vww-us.computershare.com €omputershare yea = GME O $1,498.98 Portfolio Portfolio Value CAD $1 402,08 aN GAMESTOP CORP (GME) 7.429 CLASS A COMMON USD $156.14 © As of 21-12- $1,498.98 nnn 41 + +The way I wrote the code, it scans that text until it sees the word **portfolio**, then it looks for the first number without a **$** and records that as the number of shares. In this case, it found **402,08** and recorded it as the number of shares. + +Where did 402,08 come from? It's how CV interpreted the Portfolio Value line that's interrupted by the /\\ button. This is pretty common, believe it or not, and it's why I actually review EVERY SINGLE DRS POST EVER DAMN DAY. + +So yesterday evening, I'm sitting with my family watching Drop Dead Fred and auditing the day's posts. This one would have come up for review, and said: "Hey jonpro, I recorded 40,208 shares from this image. Does this look right?" and I said **YUP**. Probably at this part of the movie + +https://preview.redd.it/ae6wqiv6i4781.png?width=250&format=png&auto=webp&s=986e72d94c0011c9b52a4dd03d35286019844772 + +More egregious on my part is that an hour later, when [computershared.net](https://computershared.net) updated, I looked at the new dildo and thought, "Yep! That looks right", only questioning the results this morning when I saw the hype post. + +I went back and looked at yesterday's data and there it was, staring at me like a livid gorilla who I just kicked in the nuts. + +Queue the bass drop and camera zoom. "Fuck" + +# Honesty time with Jonpro: + +I don't like this. I don't like having the singular power to sway the sentiment of Apes. + +I've LONG wanted to offload the responsibility of auditing records onto other apes... but I have trust issues. + +https://preview.redd.it/o73ubhy7g4781.png?width=500&format=png&auto=webp&s=4e652ebf7d9507e8d5d5dae04818079034b82759 + +I'm very well aware of how dangerous this is. When MOASS starts, the ability to sway Ape sentiment is going to be very desirable, and will make me a target of SHFs. I can't be bought, but this problem is the root of my trust issues. If someone else is auditing the data, can I trust them to not be bought? + +One, or even a few apes having the sole responsibility for the validity of data is no longer acceptable, and it's not a responsibility I want anymore. + +# What options have you considered? + +A few, actually. None of them perfect. + +**Trusted Auditors**: why don't I share access keys with trustworthy apes so they can audit records? There's so much power there. A snafu like what happened yesterday, I would catch that. But if someone wanted to make it look like DRS was dying off, they could "accidentally" fail to record a few posts, and even go back and rewrite a few days. + +**DRSBot Integration:** u/Roid_Rage_Smurf and I have talked about this one at length, even agreeing on an API schema. There are a ton of shortcomings, though. A few for example: DRSBot only records whole numbers, I record decimal shares. DRSBot records change-in-value from last post (delta value), I record face-value then later calculate the delta. DRSBot is real-time, I update daily. + +**Majority Rules:** an option I considered is putting a page up on [computershared.net](https://computershared.net) where the last 24hours of posts could be reviewed by everyone anonymously. If there were something incorrect, an ape could enter/submit the correct value. The most-submitted value wins. The problem here is that any script kiddie could write a bot to falsify records. + +**Community-based Auditing:** what if I implemented Majority Rules, except you have to authenticate with reddit to submit your audit? It would solve the script-kiddie problem and make it easy to sniff out shills trying to falsify data. I really like this idea, and have looked at what it would take to **Login to** [**computershared.net**](https://computershared.net) **with your Reddit account.** It's a HUGE programming effort for me. I already spend upwards of 2 hours/day on [computershared.net](https://computershared.net)'s data. Where am I going to find time to build that? Would I even get it built before MOASS? + +&#x200B; + +Basically, I'm fucked. I've painted myself into a corner. + +# Fixing yesterday's snafu + +I'm going to leave the dildo up until tonight's update, then I'll take it away. +By market capitalization today, Shopify is US$75.6 billion and TD is US$70.5 billion. It’s closing in on RBC at US$84.8 billion. + +Anyone buying Shopify lately? +My husband and I bought a rental property a little over a month ago, and we fully admit we got in too early and are in a bit over our heads. + + +We bought the triplex for 78k in a c class area in indiana. Each unit rents for 480, and with fixes could be brought up to the 500-600 range. We inherited three tenants. One tenant is great. Paid rent on time and hasn't been an issue. However, one tenant hasn't paid rent, has been a nightmare to deal with (yelling, cussing us out, threatening to sue for a fall) and we are processing an eviction. Another one paid rent on time, but constantly asks every 2-3 days for fixes that aren't a priority (asking for bathroom to be redone, for us to plant shrubs) as it has a lot of deferred maintenance. We would give the second tenant a 30 day notice after the first one vacates if we keep it. (All on month to month Leases) + +We realize that we probably overpaid considering the needed fixes on the property (electrical, furnace, some plumbing, bathrooms, gutters and downspouts) and have swiftly decided that this particular property might not be a fit for us, and that real estate might also not be for us. + +We're trying to decide whether to stick with it or just cut our losses and move on, and to be honest we are leaning that direction. + +The house appraised for 80K, but obviously needs work. We would probably plan to sell as-is. + +How would you consider pricing it to cut our losses as a very expense lesson learned? We were thinking price at 70k and hope for 60? We put 20% down so we'd lose our equity but would be worth it to not deal with it anymore. + +Thoughts on the best course of action with limited losses? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +I googled this shit 5 times and I cannot get a basic answer to: + +* **How does a normie pay IN STORE with this?** +* Also, please confirm to use it, you have to go online prior (afterpay/zip site etc), and sign up / connect a credit card? +* Why is this shit any better than just using a credit card? (55 days interest free etc deals) + +&#x200B; + +Thanks +I was close to my FATFIRE number before the market sank and could still low end FAtFIRE/chubby. Was planning on a couple more years to weather recession and get firmer footing. + +And suddenly looks like we are going to IPO and I will have close to double my net worth, but with a 5 year lock up. That is the shares will best over the 5 years. + +I am trying to find out how to think about when I would exit, knowing I may be leaving millions on the table. + +Is it just “once I win the game stop playing” eg I hit my original number? Or is there a real utility to the next million that is worth another year of my life? +I finally had $2,000 in my savings, and then my bird got sick and the vet bill was $139. I have $400 in credit to pay (gonna try to add at least $100 to pay it off faster), and my poor mom keeps sending me checks to help me stay afloat and I’m embarrassed about it. Next week I have to pay for my eye doctor appointment to raise the power for my lenses (cause my insurance doesn’t pay for it), and then I have to pay for the contact lenses as well. + +Working food industry is making me suicidal and where I live it isn’t easy to find a job (NYC). I want to go back to school but I don’t know what to study. I got an associates in liberal arts. I want to get a bachelors for an easy program and find a better job that doesn’t involve working with people. I also want to pay my mom back slowly but at this point it’s not gonna happen anytime soon. I have food stamps and most of the money I spend is on appointments, bird supplies, and bird vet bills. I haven’t treated myself to anything in so long and it’s making me sad. +For months, nothing happened on any front. Everything crabbed. Sure X jumped a few bucks and Y had a decent month, but nothing exploded. It was all contained in a vat of redundancy with the hopes that: + +A) People would lose faith and jump ship + +B) people would simply lose interest and take their meager gains to buy a nice dinner or a new pair of shoes + +Nothing happened. They had time on their side and tried to capitalize on it by letting time do the work. + +Fast forward to now. You have crazy shit popping off and doing ridiculous things while generate ridiculous returns. This would be confusing had many people not pointed out that this would happen MONTHS ago. This would be concerning had people not explicitly stated that this VERY THING would happen EXACTLY as it is happening. It’s soothing and extremely satisfying knowing that every major piece of DD was right. These “meme stocks” are going off, and I mean exploding. They’re plastered all over the news with no explanation other than “Reddit stocks go up”. No research, no DD, just “Reddit stocks up”. All of them. + +Except for GME, that is. + +Ask yourself why? Why is GameStop left off the list? Why is nobody covering the copious amounts of DD and research behind GME and instead plastering “zOMG meme stocks up!!!!” All over the place? I hate to beat the proverbial dead horse, but it is THE distraction to end all distractions. You need to understand this. Nothing happened for months and now, suddenly, meme stocks are takingthefuckoff? The week before the shareholder meeting where vote counts will be revealed? Do you believe in major, major coincidences? + +Let the others have their runs. Let them enjoy their gains. Everything you see from these other “meme” stocks will be an afterthought when the main event starts; these are simply openers, warm-up acts. It’s the final act of desperation preceding the coup de grâce. + +Hold on and hold tight. I’m not shaken. I am ready. I recommend that you prepare yourselves as well +[Newbie investors: 'I didn't know I'd lose money so fast'](https://www.bbc.co.uk/news/business-53201204) + +> "I started off with €100. I felt super-confident watching the ticker as stocks and shares were going up and down," he said. He piled into oil at $16 a barrel, thinking the price was sure to go up, but it fell almost immediately to $14. I didn't have enough money to cover the loss, so it crashed out my position and I got an email. I had no idea what had happened. I thought I was owning barrels, but I wasn't, I was borrowing. It was the fastest €100 I'd ever spent." +With the recent 'poor performance' of the market, SMT are trading at nearly a 15% discount, (15.13% at time of writing). To me this seems a good buying opportunity for a well respected fund, of which the next few months i will be aiming a higher percentage of my monthly investments towards them then usual, as disruptive tech i feel still has a future. + +The co-manager recently making a valid point to the IC that so far disruptive tech has only hit a few markets, which only make a few sectors and small percentage of the economy. Maybe hit a cord to me cause the week before the economist were talking about how big shipping freights still uses a person getting emails and an excel sheet to book spaces on thier ship, a multi-billion pound industry, with new tech starting to change that + +I do appreciate thier are some strong arguments against if you sentiments are low for thier core markets prospects in the next few months/years. + +Are there any other of people's favourite funds that are currently trading at such a discount that you think makes it a buying opportunity even in this bear market? +Hey ya'll. Longtime lurker but I am finally closing on my first property tomorrow. I will be living in one unit and will be inheriting tenants in the other unit. + +According to my RE agent, title company, lender, etc, closing should go smoothly tomorrow. Assuming it does, this is my plan. Please let me know if I am missing anything. + +- Turn on gas, electric, water, internet to my unit +- Change locks everywhere/garage code +- Give tenants new lease/inform of rent increase +- Clean/paint/reno +- Move in at end of October + +What else should I be planning to do? Thanks in advance! + +Edit: Thank you all so much. This is a great community. I hope to contribute in a meaningful way in the future. Cheers! +DOPEST UPCOMING NFT PROJECT + +With approx 11k subs on twitter Trippy Frens is poised to blow tf up. + + **What is Trippy Frens?** + + A psychedelic collection of 8,888 NFTs on the ETH Blockchain. Trippy Frens is a community project, with 15% of mint going into a community treasury enabling roadmap activations! + + Roadmap v1.0 + + 1) Free Mint of 3D Trippy Frens for holders of 3 or more 2d Trippy Frens Q2 2022 + +2) Free Merch Drop Q2 2022 + +3) IRL Event at NFT NYC + Major Announcement Q2 2022 + +4) Roadmap 2.0 Q3 2022 + +5) IRL Trippy Event in the Nevada Desert + +6) HOT BOX 3D EXPERIENCE COMING Q4 2022/Q1 2023 + +**Lore** + +There was a time when the metaverse was colorless. Devoid of life and joy. This all changed when one little fren "accidentally" ingested a magical elixir. + +The moment the elixir hit his lips, this fren became a trippy fren. One by one, 8887 other frens awakened to the incredible depths of their opened minds. Through their third eye, they could now see in technicolor and explore the furthest reaches of the other realms. + + **Links** + + Twitter: [https://twitter.com/trippyfrensnft](https://twitter.com/trippyfrensnft) + +Website: [https://www.trippyfrens.com](https://www.trippyfrens.com) + +DISCORD: [discord.gg/trippyfrens](https://discord.gg/trippyfrens) +Hi. I bought cryptos in 2012 and I've been hodling all this time in deep cold storage. I'm what you would call a crypto millionaire. I'd like to know what other people in my situation are doing regarding the tax man. Do you disclose your holdings? All? Some fraction? Nothing? What are your future plans? What if your net worth goes 10x or 100x or 1000x in the upcoming years? How are you preparing? Do you have or plan to have some kind of corporate structure to handle your wealth? If so, in which country/ies? + +FAQ: + +1. Am I from the US? No. +2. Am I looking for advice or encouraging tax evasion or something illegal? No. +3. Am I giving away money to strangers commenting here? No. +4. Is this post fake? No. +So a couple of things have happened recently that I thought someone might put together and get a different viewpoint from the spun narrative: + + +1) Ken's plane hasn't been flying (credit to u/sam_galactic [https://www.reddit.com/r/Superstonk/comments/rgncvk/ken\_griffins\_private\_jet\_hasnt\_flown\_for\_more/](https://www.reddit.com/r/Superstonk/comments/rgncvk/ken_griffins_private_jet_hasnt_flown_for_more/)) + +2) There seems to be an active DOJ investigation that includes GME (credit to [u/buffalo8](https://www.reddit.com/user/buffalo8/) [https://www.reddit.com/r/Superstonk/comments/rd961o/reading\_between\_the\_lines\_pt\_2\_the\_sec\_may\_have/](https://www.reddit.com/r/Superstonk/comments/rd961o/reading_between_the_lines_pt_2_the_sec_may_have/)) + +3) Biden's Head of Security in the Secret Service is now spending a lot of close time with Ken ( credit to [u/GrapeApeTheGreat](https://www.reddit.com/user/GrapeApeTheGreat/) [https://www.reddit.com/r/Superstonk/comments/rcvjy0/citadel\_secret\_service\_just\_a\_reminder\_apes\_the/](https://www.reddit.com/r/Superstonk/comments/rcvjy0/citadel_secret_service_just_a_reminder_apes_the/)) + +&#x200B; + +Could it be that The Secret Service is investigating crimes that might have put the USD at risk - one of their core roles? + +Could it be that Ken has been asked to 'not leave the area' in the near future and is now being babysat to make sure that he doesn't do a runner? + +Is this why Citadel brought out terms saying that clients can't remove more than 6% of their holdings? Because the reputational impact if something were to happen? + +It's probably nothing but some tin-foil hatting on my part. + +But anything seems possible at the moment. +The stock price has fallen back significantly from recent highs but at $100.81 it is still valued at 4x the May IPO price. That’s a lofty 36x trailing revenues and many insiders may consider it wise to lock in at least some of that profit now and diversify their risk. + +This is not a recommendation to buy or sell. Stocks are risky and not suitable for everybody. Please do your own research. +I've seen posts about WMT and TGT "now undervalued" due to their recent stock price movement. + +Please look under the hood. These companies operating incomes dropped in the recent quarter 25% and 43% respectively. And inflation currently isn't slowing down based upon PPI data. (Leading indicator of CPI) + +For simplified context, (and I mean SIMPLIFIED) S&P TTM PE is currently around 20. If earnings drop 10%, and a multiple drop of 10% to an 18 PE: That equates to a total 18% drop in price. + +And remember, they always shoot the generals last. And Apple and Coca-Cola are both down today 6%. + +**AND TO BE CLEAR**: Not saying run to the hills, but just want people to be safe out there and to make sure they are being smart with their future earnings estimates. +Looking for advice on a hypothetical scenario: + + +You find an undervalued, cigarbutt type of a company. Let's say this company will earn $100 net income per year for the next five years. After that, the company will become breakeven forever and has no other assets or liabilities. The cash will sit in an internal account and never be spent. This hypothetical company does not pay a dividend or do share buybacks. + + +Now let's say you perfectly estimate the value of that business and find that the market is undervaluing the company by 50%. What happens if/when the market doesn't change after 1 year? +How would you update your valuation? What happens after 5 years and the company is still undervalued, but won't distribute the cash it made over those 5 years? + + +Hypothetically, you'd have to buy all the shares outstanding to get access to the true value of the business; What if the public shares weren't enough to buy out the company? How would your valuation change? + + +Any good videos from super investors on this kind of topic? +https://www.cnbc.com/2020/06/22/the-feds-corporate-bond-buying-is-stoking-bubble-fears.html + +The Federal Reserve said last week it would start buying individual corporate bonds in addition to ETFs. + +Such intervention has boosted markets but also is stoking fears that risk appetite is getting carried away. + +Companies have issued record-setting amounts of debt during the coronavirus pandemic. + +“If the Fed persists in flooding the markets with liquidity, the risk is that the Fed will create the greatest financial bubble of all times,” market veteran Ed Yardeni said. +Apes. + +When scrolling down r/Superstonk this morning, I (and many other apes) noticed three and counting posts about a certain user who posted cryptic messages a few weeks ago. All of a sudden, people seem *suspiciously* interested in all of that. + +I sense bullshit because: + +* They are trying to create a sense of urgency ("we must go down this rabbit hole now, it's so important!!1!!") +* There are multiple seemingly independent posts on the same matter popping up at a seemingly random moment +* The accounts that engage in those discussions are highly suspicious. + +Elaborating on the last point: + +I do not want to call out any specific users in case I am wrong. However, if you scroll through the comments of those posts and click on random user names, you will find the following: + +* Many users commenting in one of those posts comment in the other posts on the same matter aswell, and they seem to be met with the same amount of surprise and awe every time they encounter that post ("whoa what a rabbit hole" in all three posts) +* Most commenters that push that agenda are very young, created either in Jan/Feb of this year, or, interestingly, in March 2020 +* I found accounts that seem to be managed by multiple people each - Or one person that never sleeps. They comment on posts around the clock, there are no breaks between comments that are longer than 3 hours. + +People, please be careful and question everything you read on here. Shills, please be more subtle than that, your blatancy is an insult to our intelligence. + +Edit: I really don't like it when people who disagree with me get downvoted. +Used to be an engineer. Now in my late 30s I'm a "professional landlord". Quit my corporate job a few years back. To me, this has been the best thing I've ever decided to do. No, it's not 100% passive. But it's very damn near it. I have may be a maintenance call a month. Dozens of units. I manage my own rentals. I regularly do upgrades on my own and believe me I take my time and do it at my leisure. This is a completely different work life than my engineering career which was always crunch time all the time. + +From reading on this site as well as talking to a lot of people, I dare say 99% of investors and investor-wannabes aim to get a couple of investment properties and still keep their full time jobs until they retire in their 60s. In other words, 99% of the people I have talked to never seriously consider replacing their w-2 income with rental income. + +Why? Again, I'm convinced deciding to go this path has been the best decision I ever made. Especially having read recently about the massive layoffs in the tech sector. I never have to worry about being laid off again ever in my life. I don't have a boss breathing down my neck. I don't ever have to worry about trying to find a new job. I've never felt this kind of security in my entire adult life before. + +How come not more people aim to gain FI through REI? + +PS - Please don't PM me for secrets or whatever. I never attended any conference or any of that. Everything I learned online for free. +In most/all countries I have checked, dividends are taxed around 20% whereas earned income can be 40-50%. + +It seems like earned income should be taxed less, since you have to work harder for it, and the labor that produces it most directly increases economic productivity. + +Sorry if this isn't the right sub. If there's a better one where I can understand this question, please let me know. +I'm saving for a house in Germany, putting aside 2000 a month for the next 5 years + +Putting in a bank is going to be safest but negligible interest. + +ETF's sound good but there is some risk there. + +Also considering a 50/50 split on the above + +How would you invest this? +I'm familiar with enough of the basics of ETFs to feel comfortable with investing a little in them, but there are still some things that aren't clear. + +1) Do all ETFs rebalance regularly? + +2) How often do they rebalance? Are they required to at all? + +3) How common is it for an ETF to have shorts and puts in a specific stock? How does an ETF rebalance when they have done such things? + +4) Where can I find info on which ETF has longs, calls, shorts, and puts in which stocks? Is that information even available? + +Thanks in advance for any and all answers! +I am not a US resident anymore but have decent money going to come soon. + +I want to make sure no one including me cannot touch principal and allowed 4% yearly withdrawal. + +What's the best way to have this setup? + +Edit: + +I want a simple setup where everything remain in Vanguard 500 fund for lifetime. There is no management involved. I am looking to minimise yearly costs. + +Schwab and Vanguard both have trust setup that cost 0.5% to 0.55% yearly wondering if that's total cost or I am missing anything. + +What promise I have that once I setup trust they will not be increasing the yearly fees etc. + + I also want to add I consider myself high risk taker who might blow away the entire amount if I am managing it that's why the irrevocable nature. It more valuable as safety net than anything else. +I am lucky enough to possess citizenship in Portugal and have seriously considered moving there in the past, but salaries for my industry are so much lower there that I decided to stay in the US. As I start to think about an early retirement (still nowhere close, probably 10+ years away) I am wondering what would happen if I were to move to Portugal after retirement or in some sort of ⠀partial retirement working a low stress job in Portugal. Can I essentially avoid the exorbitant US healthcare costs this way? I realize I'd have to pay higher taxes in Portugal, but still might be worth it? Especially if my income is lower? How will my investments be affected if they are all in US based accounts? Thanks for any advice +&#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 +Just watched Matt Kohrs openly suggesting to his 10k viewers not to DRS their shares because they wouldn't be able to sell during moass. He then proceded to ignore all the evidence chat presented to him, while his mods were censoring pro-DRS comments. Thankfully most of his audience is popcorn holders, so it doesn't affect us that much, but you should be aware of these youtube shills anyway. They're there for the clout and therefore easily bought. +Fiancé and I are in a HENRY situation and a ways from retirement, but are enjoying a mild lifestyle creep when it comes to travel. Nothing extreme - just upper class airfare and top tier hotels/restaurants. + +We’re planning a trip to Asia with my grandparents for about three weeks. They’re proud people, and will certainly insist on paying their way, but business class and nice hotels might rack up a bill larger than they’d expect. I’d prefer that they remain unaware of my earning figures (for plenty of unrelated reasons, but all having to do with my mother, their daughter). + +When traveling with people who don’t necessarily want to spend as much on nicer things, but do want to pay their way, what have been your strategies / compromises? They’re into nicer things too, especially food, but not really into non-economy air travel (for example). + +I’ve thought about ambiguously claiming to have points for business class or “get good deals” on stuff, and curious what everyone else’s experience has to offer. + +Edit: + +I should make it clearer that I could never in a million years sit in first class with any traveling companion in economy or stop off at the Four Seasons and send them off to a Holiday Inn. We’ll be together all the way — I’m just curious how others have navigated situations such as these, either through disguising costs or defaulting to lower standards of travel. + +I grew up poor, no stranger to economy travel. But hopefully, I’ll be in this position again and again as we travel frequently with family and friends — I’d like to have it down. +Cricut, [which has filed for a $100 Million IPO](https://www.nasdaq.com/articles/getting-crafty%3A-crafting-machine-maker-cricut-files-for-a-%24100-million-ipo-2021-02-16), have decided to [add](https://www.reddit.com/r/cricut/comments/m3r73q/design_space_changes_now_more_useless_unless_i/) a [subscription](https://inspiration.cricut.com/new-features-and-updates-coming-to-design-space/) as a requirement to access features they had previously assured customers [they could do for free](https://www.reddit.com/r/cricut/comments/m40lhg/creative_freedom_should_be_free/).They are unsurprisingly alienating their supporters, who are expressing frustration all over r/cricut, in [two](https://www.change.org/p/cricut-cricut-design-space-update-petition?redirect=false) [different](https://www.change.org/p/cricut-cricut-to-retract-the-new-policy-of-paying-to-use-the-machine-you-have-purchased?redirect=false) [change.org](https://change.org) petitions, in the [reviews](https://www.michaels.com/cricut-maker-champagne/D233282S.html#) [on](https://www.amazon.com/gp/customer-reviews/R2R6IVNHMH1K69/ref=cm_cr_dp_d_rvw_ttl?ie=UTF8&ASIN=B01GSOMVRG) many [platforms](https://www.google.com/maps/place/Cricut/@40.5537271,-111.9124191,15z/data=!4m7!3m6!1s0x0:0x30ef2fe6bcb4bc69!8m2!3d40.5537271!4d-111.9124191!9m1!1b1), on [twitter](https://twitter.com/hashtag/boycottcricut), in Facebook groups and instagram (though Cricut is deleting complaint posts with impunity), by [sending emails to the company](https://www.reddit.com/r/cricut/comments/m3tbo9/my_theory_on_the_greedy_design_space_change/gqqrxjl?utm_source=share&utm_medium=web2x&context=3), and in conversations with others who are thinking about buying them.Be cautious about investing in this company when the IPO comes along. + +edit: Apparently their support chat is also [telling people they will brick resold devices](https://www.reddit.com/r/cricut/comments/m4auxq/cricut_help_desk_blatantly_stating_that_they_will/) if they try to cut their losses and leave the Cricut ecosystem by selling them to someone else + + +edit2: 3/16 Update: Cricut has announced that in response to the backlash they will be [grandfathering in existing users](https://inspiration.cricut.com/a-letter-to-the-cricut-community-from-ashish-arora-cricut-ceo/) on their existing machines when the change goes into effect at the end of 2021 +This year has been hard. I declared bankruptcy. I had an ok job at an app, got offered a higher paying, closer to my home and way more fun and up my alley job at a theatre company, which I took, and then (after only 6 days, two of which were seeing plays) they let me go a week before Christmas, because "it wasn't a good fit". I noticed on their website that they'd hired two university students to do my job, essentially, they realized they could pay $20k to two students half my salary each and fired me. Two for the price of one. + +So, I've been on EI and doing a little freelance web design work. I did run out of money and eat rice and beans and canned tuna a lot. But I was surviving and I didn't give up. + +After tons of interviews, several in which it came down to me and one other person... I got a job. It is 5 minutes from my front door, across from my favourite cafe. It's a marketing and event planning gig and I'm SO excited. The atmosphere feels like I'll fit right in. + +I can start rebuilding my credit. I can afford to move somewhere close by that's not falling apart. I'm planning a wedding, and I can afford to save for that. + +I'm so proud of myself. 2.5 years ago I was a homeless prostitute going through the DTs and drug withdrawal in a jail cell. I went to rehab. I got and stayed clean and sober. I got a part time retail job, got promoted to management, took some online classes, and was able to go from minimum wage to 40k in that time. + +I just needed to share. I've been different degrees of broke since I was 16. I can't wait to have enough money to be able to improve my life and my credit. + +&#x200B; + +Edit: there are too many of you amazing, kind and supportive folks to thank individually (which is a great problem to have!) So just... Thank you. All of you. The kindness of strangers has really touched me, and to have this outpouring of cheering me on and calling my story inspirational... It's a big deal to me, and makes me feel even prouder of myself than I already was. Sending love to all of you. Thank you, from the bottom of my heart. + A potential coronavirus vaccine developed by Oxford University in the U.K. has produced a strong immune response in a large, early-stage human trial + + [https://www.cnbc.com/2020/07/20/oxford-universitys-coronavirus-vaccine-shows-positive-immune-response-in-an-early-trial.html](https://www.cnbc.com/2020/07/20/oxford-universitys-coronavirus-vaccine-shows-positive-immune-response-in-an-early-trial.html) +My partner and I are looking to buy our first home. I have no debt and he has about £3k of debt. We’re looking to get a place that’s around £400k and I’m providing the whole deposit (10%). My salary is £80k plus a variable bonus and my partner’s is £40k no bonus. + +I might be able to get a mortgage on my own but we’d like to go into it together if possible. I’d just like to get an idea of how much the debt might affect our mortgage application? Would it be easier/recommended to go solo and then add my partner onto the deed/mortgage when he’s finished managing his debt? + +Thanks in advance! + +Edit: Thanks everyone for your replies. I’m only getting round now as I have been offline all day, for those asking. My post was not a brag and I’m not trolling, I’m sorry it came off as one. I understand how lucky we are, I’ve grown up in a household where finance and debt has been a struggle so in a panic, I thought I’d ask reddit. I’ve recently been promoted, I haven’t even got my first pay check yet. My partner is adamant he wants to sort his debt on his own, which is why I haven’t helped him pay down the debt. Thank you for helping me understand the debt won’t be a problem. We haven’t got anyone around us who’s gone through the mortgage process so we’re learning as we go along. +When it does I’m finally gonna quit my shit job I hate it there can’t take it anymore I need this to happen! +I only go there now to pay off debts and fund crypto. + +Been there 8 years and nothing to show for it apart from my cryptos! + +No car. +No house. (Living with parents) 🤷🏼‍♂️ +Just a shit life in a shit job in a shit country! + +I’m in the uk so you can imagine how crap it is. + +No pay rises… +No interest on savings.. +No life here… + +Where I live is fiendsville.. +I’m typing this now and can hear my fat neighbours screaming at each other probably over a slice of bread! + +Get me out of this place! + +Cmon ETH! 💎 + +Let’s fucking go! 🚀🚀🚀 +&#x200B; + +https://preview.redd.it/4hx38k89scs61.jpg?width=939&format=pjpg&auto=webp&s=7c1d44c9eca07042f948ac32213560e1a48ac0be + +&#x200B; + +Source: [gmedd.com](https://gmedd.com/transformation/gamestop-flirting-with-blockchain-crypto-and-nfts/) + +**In an otherwise typical job posting from April 8th, 2021**, GameStop inadvertently expressed interest in the booming non-fungible tokens market, alongside blockchain and cryptocurrency. + +>The Analyst, Security is responsible for monitoring and maintaining data and platform confidentiality, integrity and availability in an enterprise environment.  + +Listed under Additional Skills and Experience, GameStop asks that applicants have experience in: + +* **Blockchain, cryptocurrency, or non-fungible tokens** +* **Machine learning or artificial intelligence** +* eCommerce +* Cloud platforms (AWS, Azure, GCP) +* **eSports or competitive gaming** + +What could GameStop be building? + +Any sort of NFT announcements, or even rumors, now result in massive catalysts for public companies. It is likely that Ryan Cohen knows this, and is possibly looking into the roles GameStop could play in this emerging industry. + +Several weeks ago, stock market analyst and acclaimed author **Tony Oz** **published a video** detailing what effect he believes a GameStop NFT announcement would have on the stock price. This is pure speculation, so take it with a grain of salt, but investors may deem it worth a watch. + +&#x200B; + +**\*EDIT:** Position - [https://careers.gamestop.com/job/analyst-security/J3V0R174DZHKP9C5FVQ](https://careers.gamestop.com/job/analyst-security/J3V0R174DZHKP9C5FVQ) + +**\*EDIT 2:** Thanks for the Gold, anonymous redditor which I strongly believe can be our dear kitty or chairman king + +**\*EDIT 3:** Notice how shills attack in downvoting my comments. Dont fall for it. + This news doesnt mean that Gamestop will go all-in on crypto of course, but it definitely might be an indicator of what can be their path. +Around 1 in 7 Australians are [hesitant](https://melbourneinstitute.unimelb.edu.au/publications/research-insights/ttpn/vaccination-report) to get the vaccine. With new mandates being rolled out through industries across Australia, some people are complaining that they are being "forced" to get the jab or they'll find themselves without a job.I don't want to get into a discussion about whether this is a human rights issue or not, rather I'm asking the question of what will (or should) happen to these people as their access to income is challenged? + +Will people be left out of work altogether? Since a lot of industries are requiring vaccination, options will be significantly reduced/limited. +Will they have access to jobseeker payments? As far as I know it's means-tested; since it's a choice not to be vaccinated will/should they be entitled to this allowance? +Do you think there will be government support programs for these individuals to rejoin the workforce? Programs like this, and jobseeker, will require government funding, which taxpayers could find 'unfair.' It may be problematic/unethical to withhold income support for people, however if it were their "choice" to be out of work, exactly where does the line fall? +Finally, do you think this change is going to impact the economy? Housing market? What follow-on effects might it have? + +Interested to see what people think. I understand this may be a controversial discussion so let's try to stay civil and on-topic. + +(Also, for the record I'm fully vaccinated) +I'm seeing a lot of enlarged ego's lately. Admittedly mostly on /r/wsb, but sometimes around here too. And I like you guys more, so I'm going to do this PSA over here instead. + +The past week or two, stonks have only gone up. Unless you've been buying puts, you're making money. If you're new to trading, you need to realize this is not normal, and you're not some type of mastermind for growing your account by 400% over the past couple days. Don't plan on quitting your day job after making $2k in gains. And prepare yourself for the moment that it stops, and possibly corrects itself. + +Source: A dumbass who's been really lucky lately. Just like (most of) you. + +Edit: Also, pay attention to taxes. Huge realized gains in 2020 will come with a big tax bill, even if you lose it all in 2021. +I'm currently with octopus, I do have higher than average electricity use as we have an air source heat pump. + +&#x200B; + +Just thought I'd see if I could get on a decent fixed tariff, and the cheapest option is this: + +&#x200B; + + Your new quote + +£4,862.91 + +Based on your estimated annual usage, not the figures you gave when signing up. + +### Tariff cost breakdown + +⚡ Electricity Daily standing charge 37.74p /day + +Unit rate (day) 62.52p /kWh + +Unit rate (night) 40.35p /kWh + +Early exit fee£0 + +&#x200B; + +&#x200B; + +This is £400 a month for the whole year. Absolutely insane. Should the price cap not be stopping this price? Or am I misunderstanding? +From browsing this sub for the last couple of years, whenever there is a post asking for advice on what to do with a windfall etc, there have always been responses along the lines of: + +‘Bitcoin will be 100k by the end of the year’ +‘Stick it all in crypto you can’t go wrong’ + +To anyone witnessing the recent events, this is why people would say to only put in what you can afford to lose/a small percentage of your portfolio. + +Yes, of course you can get rich in Crypto and people have. But there’s also a number of people who would have gone in too heavy and now don’t have an easy way out. + +So next time there is another risky asset that people are pumping, use this a reminder as to why people say to limit your exposure! +Hi Crypto Community, + +I am Guy from the Coin Bureau YouTube channel - a long time reader of this sub! + +Today I am answering all your questions. Be it about Crypto, the Coin Bureau or me. + +So, ask me anything! + +**AMA:** 4PM UK (11AM EST) > 6PM UK (1PM EST) on the 12th Aug + +\--- + +📺 My YouTube: [https://www.youtube.com/c/CoinBureau](https://www.youtube.com/c/CoinBureau) + +🐦 My Twitter: [https://twitter.com/coinbureau](https://twitter.com/coinbureau) + +📱 My Telegram: [https://t.me/cbinsider](https://t.me/cbinsider) + +&#x200B; + +https://preview.redd.it/9p80jh0m7xg71.jpg?width=960&format=pjpg&auto=webp&s=d2da43dba85318b04e164e3ee0009f7065354059 +Hey everyone, I work as a type of software engineer for a massive evil corporation. Toward the beginning of the year I invested roughly $15k into ETH over the period of a month or two. I made some bad trades here and there, but all in all I am looking okay right now at 738 ETH. I did a lot of number crunching and believe that I have the means to sustain myself indefinitely if I continue to invest intelligently and also start a home cryptocurrency mining operation. I ordered some mining gear and put in 3 months notice to my manager. Even if my plans fail, I should be able to sustain myself for years before I need to work again. Worse case scenario I just take a long vacation. + + +Anyways, I just thought that other's might find this inspiring. Feel free to share your own stories. +Can they do that? Basically they said he could get his tips paid out in cash, by direct deposit, or by card. + +But he has set up the direct deposit several times, with HR, and they keep blowing him off that his “next check” will have the tips included on direct deposit. + +So far he has not been paid any tips in 3 weeks because he has not set up the card, because he doesn’t want it. + +He’s going to demand all of his past 3 weeks tips be direct deposited when he goes to work tomorrow, but he’s worried they’ll refuse, can they do that? + +US, Maryland. +This is a very common situation when an EU person decides to move or stay in another EU country for longer than 90 days but does not declare his/her stay. For instance if a person is a resident of Portugal, and decides to stay in Germany for 5 consecutive months every year, what are practical and theoretical implications of that in terms of dealing with the government, taxes, ... Would the host country (in this example Germany) want taxes? Would it want people to register as a resident? How would the host country even find out that this EU person came to it and stayed for more than 3 months? Do the countries keep track of that? I presume countries keep track of who is flying in and out... +I bumped into this question, "What financial information do you wish was more commonly known?", in the [bogleheads forum](https://www.bogleheads.org/forum/viewtopic.php?f=10&t=283211). I found it a really interesting read and am curious of what the community in this subreddit thinks. + +&#x200B; + +here is the comment from the OP + +&#x200B; + +>With personal finance and investing information (index over active, fees matter, etc) becoming more widespread, what are some areas in finance that you wish more people knew about or paid attention to? +Hi everyone, + +A family member would like to exchange a big amount of USD to EUR and I’d love to hear which suggestions would you have to minimize loses on this transaction. + +I was thinking that might be a good option to use transferwise/wise. + +What do you reckon? + +Thanks! +We (me and my mate) had a theory that its possible to predict the next big multibagger (2x, 5x, 10x returning stock) by looking at case studies of past successful multibaggers and then extrapolating these learnings to the current market. + +**We started by looking at how Appen (APX) performed from 2015 to 2020.** + +* Market Cap 64M —> 3.5B. +* Stock price 0.67AUD —> 28AUD +* Revenue 82.72M —> 535.5M +* EBITDA 13.87M —> 83.74M + +**What Appen do?** + +We touched on this last week, but again artificial intelligence requires a shit ton of good quality data to train models so they function correctly. + +Appen collects + uses a massive amount of contractors (1 million) to annotate this data. + +**What’s their competitive advantage?** + +* Advanced labeling assistance technology: speed up the labeling of data and make it more accurate + track its accuracy +* Economies of scale and generalist nature: 1 million contractors in a bunch of different countries +* Reputation and established relationships: trusted by big tech companies and governments + +**What the company looked like 5 y ago and why it was overlooked:** + +* The company already had **solid revenue** in FY12 ($33.3m) and FY13 ($60.5m) before they went public +* The company had **positive EBITDA** before they went public FY12 (3.7m) and FY13 (6.5m) +* It was **a micro-cap stock** when it IPOd, so there wasn’t much analyst coverage for market to effectively value the company +* **AI was overlooked** and misunderstood + +**What happened in the last 5 years?** + +* **Demand for their services has increased:** Machine learning was really at the tip of the iceberg in 2015 and Appen provided a key service to machine learning companies (they are selling pickaxes to gold miners). +* **Acquisitions:** They made very good strategic acquisitions to improve their product and data labeling capacity (Leapforce in 2017 and Figure Eight in 2019) +