diff --git "a/reddit_finance_43_250k_138.txt" "b/reddit_finance_43_250k_138.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_138.txt" @@ -0,0 +1,10000 @@ + +Pros +1. We're locking in our dream home and can avoid being priced out of it by waiting. +2. We can afford it now, this might not be the case if lenders tighten their lending criteria or rates keep rising and don't come back to what currently feels "normal". +3. If housing continues to appreciate, we'll likely profit more than our current property. + +Cons +1. Mortgage rates are expensive, we could save money by waiting for rates to go down and enable more disposable income (assuming house prices don't keep increasing and price us out of what we want) +2. Fears of a recession with house prices dropping and us getting a poor deal or worst case negative equity + + +I appreciate I may be making some incorrect assumptions here, so please keep me honest. What do you think, am I being naive? +STOP + +Just stop. Calm the fuck down. Yes... It's happening. Finally right? This is your one chance that you need to get right and it's finally here. But it's okay because you've already done everything you needed to do in your life to maximize your focus and minimize any distractions on the GME MOASS. All you're focusing on now is YOUR floor and YOUR exit strategy. This is only possible because... + +You've already: + +Properly transferred your GME shares to a proper broker (with cash only) who won't fuck you over and will honor your decision on when and what to buy or sell any of your assets. Get that peace of mind secured and stick with a solid broker. + +Taken care of your work situation. Don't quit your job. FOCUS. You have to prepare for the possibility that it's very plausible that we may wait another several months before GME pops. Don't set yourself for failure because you're already checked out. Stop daydreaming about the house or car you'll buy and get your work done. Stay on top of that shit so you have your steady flow of income to support your daily needs. Prioritize your daily and monthly bills and budget your money to ensure you can allow yourself to take care of short term emergencies. Any extra money you have left can be comfortably used to buy some GME. As difficult as it may be (believe me I know), save the daydreaming for the weekends. Get your finances in order and snap out of it. SNAP. OUT. OF. IT. Okay? Good. + +Taken care your your health. Eat right and get some decent sleep. Drink some fucking water you soda drinking degenerates! Be at your best physical and mental condition so you can properly be at your peak when encountering the MOASS. Be physically active when you can during your busy day and REST. Yes... Sleep. Go to bed and strengthen your mind and recover your body. A healthy mind and body will maximize your decision making for the MOASS. In reality, true wealth is good health. It'll be really nice to have good health with all MOASS money. + +Identified who your true friends and close family are. You might already be encountering toxic people in your life. Those people might already know about your positions in GME. There may be a real possibility that you may need to cut some close friends and family out of your life because of the life changing money you will earn. You know your situation best... Be prepared for the worst and have a plan to diplomatically distance yourself from those people until the dust settles and your MOASS money is under control. Recognize what being used looks like and try not to put yourself in that situation. Hopefully all of your friends and family will be your best supporters, but the reality is, people sometimes change with big money. Please do some meditating on this and allow yourself to be surrounded by good people. This should be done regardless of whether you have MOASS money or not. + +END + +Obviously the MOASS hasn't happened yet. But I thought it was important to run a mental exercise with everyone here to get your mind thinking about the bigger picture. Please take care of business and put yourself in the best possible situation to deal with the MOASS. Good luck everyone. + +Buy and HODL. Not financial advice, do what you want +I have some money aside and was planning to invest it soon in buying an apartment to rent out. Medium-sized city in Europe, 8% yearly ROI, low rent, rented to local workers. Soon means within 3-4 months. + +However, lots of indicators point to a crisis happening in the next year. Of course nothing is certain and things can change; but would it make sense to wait until the end of the year and then find a better deal once the crisis hits and the offer increases? + +[View Poll](https://www.reddit.com/poll/vndiv5) +Let’s create some controversy. As I think about my financial future and life, I am drawn to a specific conclusion. That is that my FIRE has and will continue to depend on who I married. My spouse is the single most important reason that we will be able to retire early. Sure, I do ok in the salary market but the difference between one salary and 2x that is enormous. I look at my own family tree to see those that married “Financially” well will be fine but those that didn’t struggle. It sounds mean and not politically correct but who you marry is a major influence on your ability to Retire Early. Do you marry a spender or a saver? An income producer or an expense? A long-term planner or a short term instant gratification person? You have the choice, choose wisely… +#A Toast. +To begin, I raise a toast to the mods u/letsburn00, u/The_lordofruin, u/phantom_hax0r, u/username-taken82, u/mcfucking. Thanks for all you do for the sub. I raise a toast to my fellow retards; to the memes and the shitposts, to the gains and loss porn, to the bulls but not the bears, to our speccy-mining millionaires and the BNPL believers, to wildlife adoption drives and our resident sea creatures, to short reports and to awareness campaigns, to the holes and their liars, to the infinite money schemes and the nearology scam dreams, to Tom’s T+2’s and our bruised kneecaps, to the cults and weekend wine reviews, and finally to those cunts that claim to be built different but yet seem to be cut from the same fucking cloth. Thanks for all making 2021 a brilliant year despite all that is going on in the world. Please all have a safe Christmas and/or holiday period. + + +#Show Me The Money +Many thanks to my previous ban-bet superstar u/Mutated_Cunt. He left a cryptic clue about myself as the next guest poster. Now onto why we are here and what better way to do it then publicly humiliate all of our Z1Ptard degens first. Lets kick it off with the downright delusional. + + + +Our posters seem to have an unhealthy obsession with Z1P. u/StrethAU kicked off the new financial year in style [claiming that Z1P will reach $28 before Dec 31st or a 2 month ban](https://www.reddit.com/r/ASX_Bets/comments/ob3032/4am_cant_sleep_thinking_how_this_fy_is_gonna_be/?utm_source=share&utm_medium=web2x&context=3). You have 3 trading days for Z1P to go up 525% or we will be seeing you in March. u/SunkDestroyer [chimed in offering to buy Streth a bottle of their choosing should Z1P reach $28]( https://www.reddit.com/r/ASX_Bets/comments/ob3032/4am_cant_sleep_thinking_how_this_fy_is_gonna_be/h3mfo4l/) however I like your odds of not having to buy a bottle of horse cum or some other bodily fluid. + +Degenerate Z1P copium holder number 2 u/Therealdudka joined in on Streth’s wild claim [with Z1P to $20 by December 31st or 6 months in the slammer](https://www.reddit.com/r/ASX_Bets/comments/mrvxhd/z1ptards_together_we_strong_my_first_buy_was_at/?utm_source=share&utm_medium=web2x&context=3). Again, you have 3 trading days for Z1P to become the next Afterpay or we will be seeing you in the new financial year. + + + +Starskiee’s infamous [Z1P $100 by Christmas](https://www.reddit.com/r/ASX_Bets/comments/r0sg0k/zip_100_by_christmas/) thread prompted a number of degens out from their dens. u/Apotheosis [took the least retarded Z1P gamble of over $6.50 Chrissy or month ban](https://www.reddit.com/r/ASX_Bets/comments/r0sg0k/zip_100_by_christmas/hm0jsb1/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) and despite their public opinion of low confidence in this bet, for your dumb-assery you shall be banned for a month. + + + +At the other side of the trade, u/Sufficient_Guess said [if fucking Z1P touches $7 between now and Chrissy they take a 6 month ban](https://www.reddit.com/r/ASX_Bets/comments/r0sg0k/zip_100_by_christmas/hlva225/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3). Congratulations Sufficient_Guess, you escaped the Z1P massacre and get to live another day. + + + +Reaching peak degeneracy of the Starskiee thread was u/-V8- who said [they would shove both their balls up their ass if DW8 was above $1 by Christmas](https://www.reddit.com/r/ASX_Bets/comments/r0sg0k/zip_100_by_christmas/hlvyd48/). Safe to say your balls shall remain unlubed and dangling. + + + +Enter u/Dont_forget-to_floss who rose to fame as the host of a short lived ASX_Bets variation of [Who Wants To Be A Millionaire with an EXR A/B/C/D ban format](https://www.reddit.com/r/ASX_Bets/comments/r5zpnt/market_open_thread_for_general_trading_and_plans/hmq4g79?utm_medium=android_app&utm_source=share&context=3). Floss locked in option B for an EXR announcement on 2nd December and u/A_Anderson151 [took option C](https://www.reddit.com/r/ASX_Bets/comments/r5zpnt/market_open_thread_for_general_trading_and_plans/hmq4q6l?utm_medium=android_app&utm_source=share&context=3) for the 3rd December. Both of you could have phoned a friend or taken the 50/50 option and you still would’ve been wrong so you’re both getting banned for two weeks. u/CaoticMoments went against the grain and took option D for none of the above – congratulations you have become our first autistionnaire. + + + +Group bans continue with u/Mutated_Cunt taking on the [mushroom munchers of IHL betting that IHL would close red on the 5th day after the NASDAQ listing](https://www.reddit.com/r/ASX_Bets/comments/r99ywl/premarket_thread_for_general_trading_and_plans/hnavwa9/?context=3). As many of our ASX_Bets residents would be aware, the IHL NASDAQ listing was pushed back to January, so you are safe for now. But know that you’re all on the list ✍️✍️✍️. Mutated has opted for the ‘1-week per degen on the other side of the trade’ special on a loss versus every IHL degen getting a 2 week holiday. u/Mr_X2017 has opted to take the side of Mutated and offered to split the ban period; u/Mrs_Oh_No similarly took up arms with our beloved Cunt against the mushlords. On the other side of the ban we have u/Loud_Eye_1137 u/Logicorluck u/flatman_88 u/itmexD and u/thub1990 . In very atypical fashion, u/Brilliantmove7 has opted to comment on something that doesn’t involve GRR and jumped in against MC. So, by my count we have Mutated up against a 6 week ban, but this will be continued into the January/February ban post so stay tuned. + + + +Another cult fan favourite, u/ewanelaborate bet that [Dr Tendies would have a catastrophic meltdown of a tantrum within the next 10 days and stop posting on hotcopper](https://www.reddit.com/r/ASX_Bets/comments/r2h91x/weekend_thread_for_general_discussion_and_plans/hm4xnm1?utm_medium=android_app&utm_source=share&context=3). Unfortunately to the disgust of many of the non-RACists, Dr Tendies is still posting as of writing this so u/ewanelaborate is going into the naughty corner for a week. Ewan has also very generously offered to donate $100 to a cancer charity. + + +Yeeting our way into the $x by Christmas specials. First up, u/campingpolice took up [50k units of PRL in September and claimed 25c by Christmas or 1 month ban](https://www.reddit.com/r/ASX_Bets/comments/prjcjn/market_open_thread_for_general_trading_and_plans/hdj4ssv/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3). Unfortunately for campingpolice, the Next Investors scam dream didn’t live up to the hype as the email powers fizzled out so you can spend a month in jail. + +u/mrmullah made a [“gold tip post” about the prospects of RDT being $1 before Christmas](https://www.reddit.com/r/ASX_Bets/comments/px4e2q/next_rdt_1_before_xmas_thank_me_later/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). It sounded like guaranteed rockets for all, free money as some might say. But alas, it peaked at 0.94c so MrMullah has been banished to the shadow realm. + +The u/HeavyhandedWarlord followed the trend with [NOX to hit $1.50 by Christmas because “tRusT me bRo” or a one month expedition to the ban realm](https://www.reddit.com/r/ASX_Bets/comments/podamy/nox_will_be_150_before_christmas/hd0wbqn/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3). Not only are you banned for a month but you’re also $2.5k poorer. Cya later. + +u/Sh0stakovich says [CHM will be 0.614 by Christmas or one month ban off the back of “encouraging CLTX phase 1 trial results due Mid Nov”](https://www.reddit.com/r/ASX_Bets/comments/qkq0gn/market_open_thread_for_general_trading_and_plans/hiys67o/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3). Through my careful examination, CHM is still trading in the same range it was for the last 12 months so Sh0stakovich can await his 61c prediction over in r/ASXBanned. + +u/Sen900 was ecstatic to [announce PEN to 50c by Christmas, however suffered some serious post-nut clarity the following day](https://www.reddit.com/r/ASX_Bets/comments/qppfuh/market_open_thread_for_general_trading_and_plans/hjvatmv/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3). You’ll have one month in the bin to review your future decisions. + +u/Big-dog429r was all aboard the [cum rocket MEM and called 0.12c on the 19th November or a 1 month ban](https://www.reddit.com/r/ASX_Bets/comments/qx1tmw/market_open_thread_for_general_trading_and_plans/hl75y71/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3). MEM hit 0.12c 3 days later and so the BigDog lives another day. + + + +With a spontaneous bet that even had the mod team grasping at nothing, u/Springoniondip said that [NVA will be $1 by Dec 10th or a 2 week ban. Why?](https://www.reddit.com/r/ASX_Bets/comments/r0pjwu/market_open_thread_for_general_trading_and_plans/hlu3eb2/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3). u/Rhythm34 also tried to con u/JW1T with a [40 week ban as JW1T didn’t know the consolidation was coming](https://www.reddit.com/r/ASX_Bets/comments/r0pjwu/market_open_thread_for_general_trading_and_plans/hlu5zni/) however we play nice here. Springoniondip will serve his 2 week Christmas holiday. + +u/Bousta95 said [DW8 will be over 7c by New Years or they will blend cooked steak and red wine together, drink the cocktail and will sit on the sidelines for 3 months](https://www.reddit.com/r/ASX_Bets/comments/r1hfcr/market_open_thread_for_general_trading_and_plans/hlziyz4/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3). Bousta will be joining u/ilyfish in his weekly wine review followed by a 3 month sentence. + +u/apprenticepc was [willing to take a week ban if BRK closed red on the 29th November, which to no one’s surprise, it did](https://www.reddit.com/r/ASX_Bets/comments/r3ybce/premarket_thread_for_general_trading_and_plans/hmdt26b?utm_medium=android_app&utm_source=share&context=3). Apprentice will be taking a little holiday over New Years. + +u/WadoBJJ87 was [feeling a little frisky and thought that SYA was going to the moon (25c) by the end of November](https://www.reddit.com/r/ASX_Bets/comments/qclw98/premarket_thread_for_general_trading_and_plans/hhh5eyt/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) however it did not, and so WadoBJJ is sitting on the sidelines for a fortnight. For god know’s what reason, u/CamelTrowe [took the other side of the trade and said that if SYA closed above 25c that they would wax their asshole and show us]( https://www.reddit.com/r/ASX_Bets/comments/qclw98/premarket_thread_for_general_trading_and_plans/hhh60kh/). Just because your partner doesn’t want to see your asshole, doesn’t mean that we do. + +Living true to their name u/Destined2bepoor bet that [STX would touch 60c by December 23rd or a week’s ban](https://www.reddit.com/r/ASX_Bets/comments/n4ivj9/comment/gwym2h3/?utm_source=share&utm_medium=web2x&context=3). Destined2bepoor tried to be sneaky and delete his comment however u/mcfucking the all-seeing-eye caught him in 4k so looks like its ramen for Christmas lunch and a little getaway. + +u/Blisser_the_sniff and u/BuiltDifferant went [head to head on IMU with Blisser stating IMU will hit 625c in December versus Built taking IMU to not touch 625c in December]( https://www.reddit.com/r/ASX_Bets/comments/r71gt8/premarket_thread_for_general_trading_and_plans/hmwx6ml/?context=3). IMU has been on the downtrend all December and so Blisser is going to be taking the month off, with Built’s username ringing true. + +Moving onto a sub favourite, EXR. u/Overlandtruckdrunk offered his cum tribute to the gods with an [EXR announcement to happen the following day on the 3rd December or a week’s ban](https://www.reddit.com/r/ASX_Bets/comments/r71gt8/premarket_thread_for_general_trading_and_plans/hmx5hg8/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3). The Mongolian gods did not hear his calls and so he will spend a week lost in the tundra. + +u/AureusStone took on newly minted [cult member Bigrigcrash stating that IVZ had fuck all chance to close above .17c on the 3rd December or a one month timeout]( https://www.reddit.com/r/ASX_Bets/comments/r71gt8/premarket_thread_for_general_trading_and_plans/hmxctqf/?context=3). Aureus was right and he survives another day to sling shit at our resident cult members. u/BigRigcrash felt game for taking the other side of the trade but didn’t meet the sub’s Rule 11, however [due to the quick upvoting action of some of our members he soon quickly qualified and took the bet on head first]( https://www.reddit.com/r/ASX_Bets/comments/r71gt8/premarket_thread_for_general_trading_and_plans/hmxbw4y/?context=3). Bigrig crashed and burned and will be taking a month off to think about his next play. + +u/EmJay2013 was feeling lively with the NVX energy amongst the sub, and amongst their excitement deleted their comment, but you won’t catch the mods sleeping here. They [went for a spicy intraday ban bet that NVX would finish in the green or one week ban]( https://www.reddit.com/r/ASX_Bets/comments/r7jk3a/market_open_thread_for_general_trading_and_plans/hn04892/?context=3), the day it dropped from $12 to $8.50. EmJay even [spiced up the ban with wanting a date with mcfucking’s wife if they were right]( https://www.reddit.com/r/ASX_Bets/comments/r7jk3a/market_open_thread_for_general_trading_and_plans/hn0a708/). Thankfully for mcfucking, EmJay will be spending the week alone. + +The same day, u/Brewbenbrook took a [gaze into his crystal ball and said that NVX would hit $9.40 by Friday the 10th or a month off]( https://www.reddit.com/r/ASX_Bets/comments/r7jk3a/market_open_thread_for_general_trading_and_plans/hn052uf/?context=3). Benny boy was right with NVX sinking to the high $7s. + +u/the_wombat2081 started off with a ban bet on [PRM’s use of the word hydrogen in an upcoming announcement however after getting called out by Floss, Wombat upped their gamble to PRM finishing in the green on the day of an announcement]( https://www.reddit.com/r/ASX_Bets/comments/r7jk3a/market_open_thread_for_general_trading_and_plans/hn04m9z/?context=3). PRM announced an acquisition of an interest in a multi-TCF project and opened strong at 0.011c, however they closed the day at 0.009c, so Wombat is spending a week down in the den. + +u/A380-king gathered enough karma to [begin their first bet of VML 7c by Chrissy or one month ban]( https://www.reddit.com/r/ASX_Bets/comments/qypeu8/premarket_thread_for_general_trading_and_plans/hlhi6no/?context=3). Turns out the first one isn’t always free. One month. + +Continuing in VML fashion, u/oneofthemanysams said [VML to close above 5.3c on the 6th Dec or a weeks ban]( https://www.reddit.com/r/ASX_Bets/comments/r7t2w0/weekend_thread_for_general_discussion_and_plans/hnb1mw3/?context=3). Sam was oh so close, with VML touching 5.3 and closing at 5.1c, so Sam’s off to visit our good friend Plucky. + +u/Mobile-Rice-8889 opted for [VML to announce another offtake agreement or a one month ban](https://www.reddit.com/r/ASX_Bets/comments/q5q9bm/premarket_thread_for_general_trading_and_plans/hg7j6dg/?context=3). Our benevolent overlords have taken kindness as VML announced a 50% increase in previous offtakes. Congratulations. + +Another New Year duo taking to the stage with u/Markma1989 vs u/A_Anderson151 over IXR. [IXR shall close **above** 4.5c on Dec 31st](https://www.reddit.com/r/ASX_Bets/comments/qd3h5c/market_open_thread_for_general_trading_and_plans/hhkgvat/) or Anderson sleeps with the fishes. Markma is taking the underside of the trade. Looking forward to how this plays out over the coming days as its neck and neck. + + +u/raegrog took on EXR to [release an announcement and finish green the week beginning the 6th of December or banned until Australia Day]( https://www.reddit.com/r/ASX_Bets/comments/r9rqm6/market_open_thread_for_general_trading_and_plans/hne8wir/?context=3). Sadly, it was not to be so you’re taking an exceptionally long weekend off. + +u/Teeedub proclaimed [they had no more money to lose on the ASX and so had turned to gambling their permissions away here in r/ASX_bets with a 2 week vacation]( https://www.reddit.com/r/ASX_Bets/comments/r07cv1/premarket_thread_for_general_trading_and_plans/hlqtl4g/?context=3). Well now you’ve got no money and you’re not allowed here anymore, so off you trot: https://mcdonalds.com.au/learn/careers#/ + +u/redditanomalyy bet that [ABB would touch $4 before end of the year or a month off](https://www.reddit.com/r/ASX_Bets/comments/ow3spi/mark_my_words_they_will_be_a_direct_competitor_to/h7dgupn/). ABB has done quite well since peaking at $5.66 and u/redditanomalyy lives up to their name. + +Last but not least, I am sending myself to the shadow realm for the bet that [FFX’s Goulimana DFS was not being priced in but alas I hadn’t factored in the board dicking me down with a CR](https://www.reddit.com/r/ASX_Bets/comments/r99ywl/premarket_thread_for_general_trading_and_plans/hndspya/?context=3). I’m the second guest poster to send myself. See all you scumbags in r/ASXBanned. + + +#Proof or Ban Ya Dogs +The Christmas period is all about tradition and it would be rude to not respect our customs here at r/ASX_Bets. Buy recommendation posts attract the age old ‘Proof or Ban’ for the highest upvoted comment. + + +u/wantedbyirs [asked for YOLO recommendations](https://www.reddit.com/r/ASX_Bets/comments/r376bp/enlighten_me_retards_on_ur_yolo_recomendations/?utm_medium=android_app&utm_source=share) and u/Debtandregret1984 happily obliged by enlightening him about DLC amongst a sea of lithium fan favourite recommendations. Time is up for you to front some proof so our overlords are coming for your kneecaps. + + +u/jasonthegreat88 followed the same vein and asked about [what dips people were buying](https://www.reddit.com/r/ASX_Bets/comments/r5cjih/omicron_dip_buys/?utm_medium=android_app&utm_source=share) with Omicron on the rampage. Surprisingly, DLC was not the most upvoted comment and it seems Jason is gonna be buying the 2 for $6 Black Swan onion dip special at Coles. + + + +#Into The New Year +u/BigJimBeef warned you all of [when you would be stuck with family](https://www.reddit.com/r/ASX_Bets/comments/rft1s6/hey_hey_fuckos_merry_holidays_and_all_that_this/) so anyone with ban bets by end of the year, you have 2 full trading days and 1 shortened trading day left. For those will slightly longer time frames, fortunately for you lot, you still have some time before your untimely demise is upon you. + +With an interesting take on 2-bets 1-poster, u/instantly-regret has taken on [double trouble for IHL to close above 0.55c on the first day of NASCHAD trading AND for LPD to finish above 0.05c on off-take announcement]( https://www.reddit.com/r/ASX_Bets/comments/r9rqm6/market_open_thread_for_general_trading_and_plans/hnesaoh/?context=3). They’ve opted for a weeks ban for each respective ticker. The name here checks out folks as Instantly-Regret will be spending a week in the slammer for LPD and their fate awaits for IHL’s listing. + +u/sugar-raytheon is on board the [IBG rocket that everyone claims is free money with a bet that IBG will touch 0.15c by the end of February or a months ban]( https://www.reddit.com/r/ASX_Bets/comments/rgt3en/premarket_thread_for_general_trading_and_plans/homut2r/). The first launch was spectacular but it appears to be losing steam. Tune in to find out if Sugar-raytheon is onboard the Space Shuttle Challenger. + + +u/rsoule878 declared [DXN or Hyperone to announce a partnership of sorts](https://www.reddit.com/r/ASX_Bets/comments/ribk9u/weekend_thread_for_general_discussion_and_plans/hp5cu5u?utm_medium=android_app&utm_source=share&context=3) by Australia day or a 2 week ban. Will DXN be in rsoule878‘s hottest stocks? + + + +u/Megadrive65 is taking on Twiggy with [FMG to touch $6.50 by Jan 30th or a month ban and a forced sitting in with the poker degens](https://www.reddit.com/r/ASX_Bets/comments/q75mfc/premarket_thread_for_general_trading_and_plans/hggrqib/?context=3). u/Megadrive65 is going to need to have an ace up their sleeve for this bet to be the goods. + + + +The mushroom IPO debate continues with u/Exalted_HC taking on u/_Smoulder_ over the [opening IPO price versus the closing price one month later](https://www.reddit.com/r/ASX_Bets/comments/r5hcyq/premarket_thread_for_general_trading_and_plans/hmpn8xr/?context=3). We will follow this into the new year when IHL lists. + +Turning to weird pigeon fetishes, u/Sinisterbiscuts says ROG to [20c by end of Jan “or I’ll shoot a hedge rat (see: pigeon) and eat it’s delicious breasts”](https://www.reddit.com/r/ASX_Bets/comments/q8jlmi/rog_cash_in_the_bank_and_projects_for_days_get/hgpue0z/?context=3). There is also a 3 month ban attached to your messenger pigeon. + + +#Special Mentions + +Starting off with our permabull chads u/Sunkdestroyer and u/Builtdifferantly who were willing to take on [5 and 10 year bans respectively if the S&P500 hit a circuit breaker before New Years](https://www.reddit.com/r/ASX_Bets/comments/pz3cu9/weekend_thread_for_general_discussion_and_plans/hf3scye/). God speed gentlemen you have 3 trading days left. + +In our first hard hitting duo, u/hellotbar1010 is coming in swinging with [VML to 10c by end of year or a YEAR ban](https://www.reddit.com/r/ASX_Bets/comments/qd3h5c/market_open_thread_for_general_trading_and_plans/hhkkr4u/?context=3) and his opponent u/Shawzus taking the flip side. Tbar, see you in 2023 mate where hopefully your VML is worth more than 400k. + +Our resident fuckhead u/BrilliantMove7 took [up the VML 10c challenge as well or permaban](https://www.reddit.com/r/ASX_Bets/comments/qfb1xg/premarket_thread_for_general_trading_and_plans/hhywtq4/?context=3). As to the disappointment of many, BrilliantMove lives on to remind you about investing in GRR and GLN. + +In another saga of David vs Dickhead, u/Moweth is taking on u/weedwhizard with [VML to close at or above 6c on the last trading day of 2021 or a year’s ban](https://www.reddit.com/r/ASX_Bets/comments/r7t2w0/weekend_thread_for_general_discussion_and_plans/hn69ifh/?context=3). Moweth is taking a years holiday if VML closes at or above 6c versus Weedwhizard with the contrary. Geoff is gonna need to pull a rabbit out of his hat in the next 3 days for this one. + +u/ninenet909 came out swinging hard with [EXR to touch $1 by December 30th “or else I drink a shot of my own piss”](https://www.reddit.com/r/ASX_Bets/comments/m3cyi6/weekend_thread_for_general_discussion_and_plans/gqqpggi/?context=3). That was too generic for u/Username-taken82 so u/ninenet909 upped the stakes to shaving a line down the middle of his head. EXR was so so close to the $1 falling just short at 0.51c so get the clippers out cunt. Minimum time period is 72 hours however suggestions are welcome. + +u/Debtandregret made a bet that he would be able to [buy a GTR off the profits from ASX:GTR by end of year](https://www.reddit.com/r/ASX_Bets/comments/qhh5yi/premarket_thread_for_general_trading_and_plans/hid5jvg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3). With how GTR has performed since this post I would wager the bank wouldn’t even loan you the money to buy a HotWheels GTR. However, DebtandRegret [admitted defeat early]( https://www.reddit.com/r/ASX_Bets/comments/qs5nwt/weekend_thread_for_general_discussion_and_plans/hkejz3v/?context=3) but in return donated $100 to our furry friends at the Animal Welfare league. Very commendable, however ban. See you in February. + + +One of our resident bears comes into the ring, u/ToiIets has [wagered that the ASX will be under 6000 come Christmas due to ‘Chinese policy changes’](https://www.reddit.com/r/ASX_Bets/comments/prq9b8/premarket_thread_for_general_trading_and_plans/hdn3w14/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3). They did not specify a ban length and a perma would likely put the species on brink of extinction so I'll let the mods decide the fate of another victim to the Evergrande bear propaganda campaign. Maybe Plucky can organize some special therapy time for ToiIets over in r/ASXBanned. + +u/Ragnarlydude won [week 3 of ASXBet’s Special Needs T+2 Poker Tournament](https://www.reddit.com/r/ASX_Bets/comments/r7jk3a/market_open_thread_for_general_trading_and_plans/hmzvp3p/?context=3) and in doing so, has also won himself a week’s holiday. Congratulations Ragnar. + +u/poptartape wanted to celebrate 1000 karma by throwing themselves into the gauntlet that [IVZ would be above 30c on Dec 30th](https://www.reddit.com/r/ASX_Bets/comments/qah1vg/to_celebrate_my_1000_karma_i_thought_it_fitting/?context=3). They offered compensation to the stock market gods with a poll of either: drinking a blended chicken breast milkshake, quitting their 10year job over text or a $500 donation to Beyond Blue. The peasants chose an honourable donation. + + +Following the trend of generous donations, u/Becify has [offered up a $500 sacrifice to the market gods](https://www.reddit.com/r/ASX_Bets/comments/mwp3vc/scam_dreams_ziptards_unite_a_mutated_mission_bans/gvs0vnq/?context=3) if WOA does not hit $2 by end of the year. In typical ASX_Bets T+2 fashion, Becify is going to have to sell their holding in WOA to pay their debts. + + +u/geoscifi also threw down for the cause with a $500 donation to any charity of u/notasabretooth ‘s choosing if [RBL touches $6 by end of year or a years bans](https://www.reddit.com/r/ASX_Bets/comments/p73bq9/market_open_thread_for_general_trading_and_plans/h9htyd9/?context=3). Whilst a commendable gesture, RBL is far from its $6 target. + +u/Sulmar high on his own supply [offered up a $5000 donation if IHL touches $1 from May-December](https://www.reddit.com/r/ASX_Bets/comments/nfzoo4/premarket_thread_for_general_trading_and_plans/gyod4jp/?context=3). Like many others, Sulmar had high hopes for the NASDAQ listing which has since been pushed back. The mods approved of this wonderful gesture nonetheless. + +In another tale of biotech scamdreams u/MysteriousPunter took out an 8 month bet that [KZA would touch $3.50 by years end or 3 months ban](https://www.reddit.com/r/ASX_Bets/comments/mnb8nd/adios_lketards_coward_fucks_and_a_vdhg_tattoo/gu16jjl/?context=3). To the surprise of nobody, ASX_Bet’s ability to pick biotech winners remains as strong as ever. 3 months. + +Whilst I love the courage of our resident bears to fight the feds, I also show them no pity. u/Coloneloscoppy went to war [armed with BBUS and a $12.575 price target; yet they doubled down in August when they knew they were still fuk](https://www.reddit.com/r/ASX_Bets/comments/njpq0p/us_market_crash_incoming_i_doubled_my_bbus_holding/hanhl09/?context=3) hoping for any resemblance of a market crash. Coloneloscoppy’s time ran out at the end of November, and for the heinous act of treason committed against our Lord and Savior Jerome Powell, I banish you to the BangBus for two years. No lube. No parole. + +u/Banana_CS joined the [radioactive tendie train with a bet of TOE to touch 10c by Christmas or a year ban](https://www.reddit.com/r/ASX_Bets/comments/otn4ot/why_you_should_dip_your_toe_into_toro_energy/?context=3). Unfortunately for Banana, you’re going to have to keep buying those feet pics from your financial dominatrix queen on Onlyfans because that’s all the toe action you’re getting. Ban sentence: one year. + +To my disappointment u/loaf-of-breddit offered to upload a [Happy Gilmore style video admitting defeat if LKE hits $6 before Christmas and a perma](https://www.reddit.com/r/ASX_Bets/comments/lpjav4/we_lke_the_stock_we_lke_the_stock_we_lke_the_stock/gobybiq/?context=3). But it was not to be. + +Finally, it would be rude not to leave the best til last; to savor the taste one might say. u/Jazzladd bet that BGT will 10 bag from the 31st March til end of the year [or they’ll drink their own cum](https://www.reddit.com/r/ASX_Bets/comments/mh08yf/premarket_thread_for_general_trading_and_plans/gt009zx/?context=3). Let the record stand that at the date of posting, BGT is $0.135 and whilst the Jizzladd did get a second bag at the $0.26 high in November it was far from their 10-bag aspirations. Bottoms up you animal and don’t forget to give us your version of u/ilyfish ‘s 5 star wine rating. + + +#Tattoos. Your Time Is Up Cunts +u/x2kCheese kicks us off with the [AVA to hit $1 by Christmas or an ASX_Bets style tattoo](https://www.reddit.com/r/ASX_Bets/comments/pforvz/ava_to_hit_1_by_christmas_or_ill_get_an_asx_bets/). X2kCheese has said we will have [proof by Jan 8th](https://www.reddit.com/r/ASX_Bets/comments/pforvz/ava_to_hit_1_by_christmas_or_ill_get_an_asx_bets/hb6py4b/). u/Builtdifferantly believed it would be yet another account to delete itself, offering his soul up for one month, x2kCheese [called his cowardice out](https://www.reddit.com/r/ASX_Bets/comments/pforvz/ava_to_hit_1_by_christmas_or_ill_get_an_asx_bets/hb61eqn/) wanting 3 months instead, but Built didn’t want a bar of it. + +Our resident nude model u/ChainImaginary joined the ranks of Barnaby Joyce hoping for rockets when they said that EOS would [touch $10 by the end of 2021 or a VDHG tattoo is coming on their left butt cheek](https://www.reddit.com/r/ASX_Bets/comments/mj2chm/i_was_gonna_use_my_profits_on_a_koala_but_bought/gt80hgg/?context=3). + +Last but certainly not least, u/shitforbrainstoo claimed in February that PSC would [hit $1 by Christmas and they cop a tattoo of our mascot Koala](https://www.reddit.com/r/ASX_Bets/comments/lj9yio/psc_mega_bet_ok_fellow_degenerates_this_is_the/?context=3). With incredible foresight, shitsforbrains fell just short with PSC peaking at $0.97 however they did not consider the downside of their bet; to drink a concoction of their pubes, cum and shit. The mods have received confirmation; the deed is done. + + +#That’s All Folks. +There is no TLDR, learn to read and it’s probably good time for 90% of you lot to inverse yourselves. Happy holidays. Stay well, stay safe. See you in the casino next year. +I don’t want to name the specific investment firms I worked for. But it was 2, one for 2 years and another for 3 years. Before starting st the investment firms I worked at the branch level of the banks investment firms. +For example the bank is called TD Canada Trust, and then investment side of is TD Waterhouse. All the Canadian banks have this (TD is just an example to help understand how this works with every bank) + +I worked at what’s called a Sales Assistant for an Investment Advisor. I had to pass the CSC and CPH exams to get licensed to place trades, but to give investment advice I needed another course. That’s what the IA’s have on top of the CSC and CPH. Still with my license my IA told me what to buy for which client and I made a % of whatever my IA made in fees. Sometimes the client just called and said buy me 200 shares of Apple or some stock without getting any advice, but the advisor still got his commission....think about that. But that’s nothing, what Insaw gets worse. + +At the branch level you can buy GICs and some mutual funds (usually only funds from your bank) once you reach a certain amount invested you are referred to the banks investment group. The goal is to then sell the client into using an Investment Advisor (IA). And they have a whole system of training and rewards set up to get clients to use the IA services. It’s often based on making you feel like you have reached a higher social class and now have access to Investments more sophisticated than the average branch level investor can afford. +And within that investment firm there is different tiers depending on how much you have to invest. He threshold to get referred was quite low, but people with 100k or above could get moved up to the more prestigious “advice tier” (I’m changing the exact names and amounts intentionally, but they are close enough to get the idea) + +Above $300k was another tier called “Private Advice Investing” and above $600k was the highest called “Summit private Investment Advice”. The IAs in different tiers want to keep clients, so if someone’s portfolio did well and went from $400k to above $600k the IA in Summit investing wanted that client. Imagine the conflicts this caused. Even branch level investors below the minimum were being tried to get snatched up from branch level by IAs at the lowest levels in the investment firm. + +Now all this time, a client can use the banks online investing platform and do it themselves with ETFs or $9.99 trading fees. +I saw IAs getting a commission of over $200 per buy and per sell. Plus mutual funds paid trailers to the IA and fund company. And the statements are written in such an incredibly complicated and misleading way that many clients never know. The client trusts the IAnto practice fiduciary duty. And some IAs are good....Some ARE GOOD, but I saw really bad stuff, especially in 2008-9 when things got bad and IAs started to get greedy because IAs were being let go, so they didn’t feel secure in their job....so take as much as you can was the name of the game. + +Churning, is making unnecessary trades in account just for commissions. They did this by selling a fund say a Manulife fund and buying nearly the exact same product but by AIG or Fidelity or something that appears as a change. + +The fund companies have sales people who were always taking the IAs out for dinner, lunch, or weekend retreats and golfing all paid for to just hear the pitch to push their companies fund. This happened all the time, and made me think of how a doctor must have pharmaceutical representatives doing the same thing for the doctor to push some new medication. + +I remember asking my IA about it and he explained it’s like a date where they pay for dinner and the IA decides if they will “put out “ or not. + +Many funds have a no load version. Always always always ask for the no load version. Even if the fund goes down the IA still gets paid and they are great at making it seem like the load fee gets you a better fund, it does not. + +I want to write more but I don’t want to ruffle too many feathers. + +Most investing can be done yourself or at the branch level and online yourself. Going to the investment firms for advice means dealing with salesmen. I swear the things I saw were sad, and if they knew you didn’t read the statement it was worse, always read the statement and ask about it so they know your someone who reads the statement. + +One of the first things that give it away is this...There is a special document you sign with them called a New Account Application Form or (NAAF) this has the % ranges you want to have in high risk, medium risk, and low risk. HERE IS THE THING, did you get your copy of that form? Many people never get a copy of the most important document of all. The sheet is 3 layers think with carbon paper so there’s 3 copies of it, one of those copies is for you, it’s important. Ask your IA to photocopy you one or the original client copy if he still has it. Usually they yellow client copy is still attached to the white and pink copy and it’s in your file. You want this, it’s a legal document that states what you agreed to. + +Happy investing friends. And yes there are lots of good Advisors out there + + + +Someone at the branch is rewarded with (points or some incentive) to refer you to the investment firm. Most new +I've heard at least that 90% people lose money in these speculative markets.(Stocks, Options, Forex, Crypto, and etc.) + +1.You gotta have proper Money AND Risk management + +2.Your strategy gotta fit your personality + +3.Eliminate your ego and feelings + +4.Never try to be greedy + +5.Markets are unpredictable + +6.If you had 3-5 bad trades.Take a break or don't trade + +7.Never trust market guru's (Because they will go down anytime soon) + +8.BEFORE going into a real market.Test yourself in paper trading or DEMO trading. + +9.Have certain goals in trading + +10.After closing all trades, don't rush making another trade order.Try to look for better entries AND THINK TWICE! + +These rules that are stuck in my head kept me from taking stupid risk's and bad trades + +IMO, Sears deserves what they get, Not the shareholders, but why would one invest in this company? I also feel bad for the employees, Lampert ran that company into the ground. + + +For you 30 year olds who are probably making more money now than you were in your 20s. Or for you 20 year olds who may not be making as much as you would like but are saving by living at home, saving your money. Now is not the time to be wishing the market would be at an all time high. Now is the time to be happy it is low so that you can contribute to your retirement accounts and your brokerage accounts. + +Don’t listen to your boomer uncles saying that this market is crazy. It’s crazy for them because they are about to retire. This is great for all of you young folks. + + +Keep buying VTI and this thing will all blow over soon enough. Friday is payday, make sure your 401k contribution is 15% of your paycheck. +Wanting to make a thread where we can all share companies we are following that holders that are following closely know of big news expected for a company they hold, talking big company re-rating news that would be expected to drop in the first quarter of 2022. + +Ill start with probably a well known example at this point: IHL . This is a pharmaceutical company with a lot of intellectual property that are going to be listing on the Nasdaq in Jan 2022 according to latest company announcements. A lot of CBD and other psychedelic trials being undertaken, and their peers currently trading in the US at similar stages like Compass Pathways and MindMed are around 1 billion USD market caps, whilst IHL is around 500 mill USD market cap. And going by history with companies like LKE, this year listing on nasdaq, directly after listing got a huge pop. + +Hopefully we can get a good list going here of companies to watch with big news in the next couple of months, get 2022 going off to a good start for the asx betters! + +\*To help everyone out in the reply, looking for more detail than just the ticker code, a little info on what is the announcement expected? why it will be company re-rating ? when is it expected ? +Hi guys! Most people on here recommend the Vanguard FTSE Global All cap index, but I’m just wondering why when the HSBC FTSE All world index is cheaper? 0.23% vs 0.13% (from my HL pension app). They are basically the same right? +After being in tech for 7-8 years and making enough to FIRE after getting lucky in a few pre-IPO firms plus crypto I sort of came to the realization that the hustle culture combined with questionable ethical business practices common across most tech companies I worked at was wearing me out and didn’t see much of a future for me as it’s never been in my personality to compete with the nakedly ambitious “tech bros” climbing the ladder to more money and power. + +With that being said, I feel like in my early 30s and single I’m way too young to just “retire” but not sure what steps to take to explore either other career paths or things to work on or do. +I’ve been asked multiple times how I think Coinbase (and other exchanges) will handle the Segwit2x hardfork in November. For background, although I’m no longer working at Coinbase, I was previously Director of Engineer at Coinbase and led the GDAX team, and I still give Coinbase advice. This is how I think this 2x hardfork will play out… + +With the ETC and BCH hardforks, it was clear that those 2 coins will be the minority fork, so it was safe to use a wait-and-see approach. So Coinbase didn’t support those forks initially. And only if there was traction on those forks, would Coinbase spend the time and resources to support those forks and let people access their coins on the minority chain. That is what Coinbase did with both ETC and BCH hard forks. + +For the 2x hardfork, things are a bit more tricky. 2x is supposed to be an upgrade to the Bitcoin protocol. What that means is that ideally everyone should upgrade to the 2x code before the hardfork and the hardfork will just happen and everyone would just switch to the new chain and no one would be on the old chain. This only works if **everyone** did this. Because this is a hardfork, if not everyone upgrades, then there will be 2 chains. The supporters of 2x and the NYA agreement believe that if all the mining hashrate switches over to the 2x chain, the original chain will be dead and no one would use it. But how is that different than fiat currency, where miners decide (by fiat) that your old bills are no longer valid? Thankfully, Bitcoin doesn’t work this way. It’s the people who use the coin that gives it value, and miners will mine the coin that makes them the most money. And right now, pretty much all the Bitcoin Core developers and a large part of the community including a lot of prominent figures in this space have come out against this hardfork. + +Because this 2x hardfork is so contentious, Coinbase cannot handle it the same way they handled the ETC and BCH hardfork. In other words, they can’t just choose one fork and ignore the other fork. Choosing to support only one fork (whichever that is) would cause a lot of confusion for users and open them up to lawsuits. So Coinbase is *forced* to support both forks at the time of the hardfork and need to let the market decide which is the real Bitcoin. Now the question is which fork will retain the “BTC” and “Bitcoin” moniker and which will be listed as something separate. Although Coinbase signed the NYA agreement, I do not believe that this agreement binds them in any way with respect to how to name the separate forks. For practical reasons, the BTC symbol belongs to the incumbent, which is the original chain. This is because there will be no disruption to people who are running Bitcoin Core software and depositing/withdrawing BTC to/from Coinbase and GDAX. And only if you trade the coin on the 2x fork, would you need to download and run the BTC1 Segwit2x client. + +If the market really supports this Segwit2x upgrade, that coin will trade at a higher price. And then we will all agree which is Bitcoin and which is a minority fork. There will be no contention at that point. + +This is the advice I have given to Coinbase and I expect Coinbase and other exchanges to handle this Segwit2x hardfork in this way. +What do you guys think about MO. Is the high dividend yield sustainable in the long-term? Im trying to diversify my portfolio into safe and growing dividend stocks so i can buy back my time. Thank you guys for keeping me on track with my goals. +... and what would the name/ASX code be? + +Z1P and BRN pretty much have to be in by default, but what would the other 8 stocks be that most represented this sub this year? + +AVA is probably on there. + +NZS potentially. + +MSB? NVX? ICI? NVA? What else would make the cut? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Getting a good job, paying off your debts, living cheaply, and saving as much as you can is straightforward advice, but it has always been hard for to me follow it without having something to visualize. So I started doing all of my budgeting on my own in MS excel and I’m using it to help me visualize my financial decisions and plan out my strategy to retire early. Here’s the total breakdown of how I have spent every dollar I’ve earned over the last 6 years. By keeping my expenses super low I was able to pay off my debts pretty quickly and my credit score spiked to over 800. + +http://imgur.com/WEPAfry + +Another great thing about budgeting on my own is that I can plan out the future easier. Here’s my projected spending into year 2030. + +http://imgur.com/HRhyANF + +If you're interested, here’s how I gather the data to make these spreadsheets: + +http://imgur.com/a/zbWa2 + +And here is a link to my spreadsheet template if you want to start your own budget for 2017: + +https://drive.google.com/file/d/0B92GKguKvy0ANy10M3huRW1oWlU/view + +Disclaimer: This is a cross-post from /r/financialindependence that I'm bringing here based off the attention the post received on my budget/chart layout. For more discussion on the original post feel free to follow this link: + +http://np.reddit.com/r/financialindependence/comments/5guewh/my_journey_from_60k_college_debt_to_115k_net/ + +edit: grammar +Like many people here, discovering this subreddit changed my life. I am an immigrant and I immigrated here when I was a teen with my parents and sister. We lived in a LCOL area and my parents' combined income never exceeded $45k. However, they still managed to buy a house, everyone had a car, and we lived pretty comfortably. However, there was no room for savings. We come from a country where saving money is less realistic than seeing a unicorn, so income in always equaled spending. Fast forward to 2010 at the height of the recession and both of my parents lost their jobs (I was in college at the time). The difficult times we went through during that time as well as discovering this subreddit right after graduating from college would define how I look at money and would lead me to where I am today. + +Sometime early in life I realized that academic success was my way out of the poverty cycle. My parents were incredibly supportive and gave me every opportunity to succeed. In high school I worked 35-45 hrs/week while also managing to graduate as valedictorian. I got into a top 3 school in the country and graduated in 2012 with a degree in engineering. + +I got my first job starting at $55k/year in NYC. After taxes, health insurance, etc. my take home pay was around $2800. My rent was $1100, transit was $150, and food in NYC is expensive. I quickly realized that although I was making more money at 23 than both my parents combined had ever made, without some cutbacks I would live paycheck to paycheck and never get anywhere. Around this time I also discovered /r/PF and everything changed. + +I am not a spender by nature and I am not into fancy clothes, shoes, purses, electronics, etc. I like good food, I like going out, and I like live music and sports. So I spend money on these things. I don't really have a budget and I don't know my savings rate. I just know that whenever I buy something, I make sure I really need it and I try to get the best deal possible. I try not to spend money on frivolous things (lunch, coffee, $15 cocktails, expensive purses and clothes). I save a lot of money on rent by underspending - yes it's possible even in NYC. I live with my boyfriend and even though our combined income would have allowed us to move into a $3000 apartment at the time, we found one for $1700 just outside of NYC and lived there for 5 years, even though our incomes had almost doubled in that time span. By the time we moved out, my share of the rent was only 12% of my salary ($880 on a $94k/yr salary). My salary kept increasing from year to year, while I tried to keep my expenses steady (I did suffer from some lifestyle inflation, but not nearly enough to match the increases in my income). + +My salaries went from: + +2012 - $55k + +2013 - $58k + +2014 - $62k + +2015 - $66k + +2016 - $74k + +2017 - $86k + +2018 - $94k + +Savings: + +* I have been maxing out my 401k for the last 3 years. Before that I had never put aside less than $10k/year. I get a 10% match from my employer which has added anywhere from $5k to $10k year. +* I save all my profit shares. They go straight into my Vanguard or my IRA +* I max out my Roth IRA every year +* I get paid once a month so whatever is left over in my bank account at the end of the month goes straight to savings. That means it was extra money that I didn't need. Over the years this amount has changed drastically. Some months it would be $300-400. Recently, as my salary has gone up, this amount could be $3k. If, for example, it's February and it's frigid and we don't do much socializing, my expenses come down to rent, groceries, take our a few times a months, and that's it. Sometimes this is less than $1600/month, which means that the rest of my salary is extra. This goes straight to Vanguard. + +My [Net Worth Chart](https://imgur.com/a/KYqvQJi). That one big jump is when I linked my 401k to Mint. + +[My asset allocation](https://imgur.com/Z36E4IE) + +Not shown are the almost $30k I've paid off on my parents' apartment. This apartment is in my name due to their credit issues, and will be mine to keep when they are gone. However, they pay it off. I know rule #1 on this sub is to not do this for family, but my parents are literally the only reason why I am where I am and I owe everything to them. I have paid off $30k and there is $30k left on the mortgage. I plan on paying it off and "gifting" it to them when I'm done, thus liberating them from the mortgage. I've thrown any excess money there (so any bonuses, any money left over at the end of the month) has gone there which is why my Vanguard and is low compared to 401k. They don't know I'm doing this for them and would/will kill me when they found out, but I can't wait to surprise them :) Technically the apartment is in my name so it's part of my net worth but it won't be mine to sell for hopefully a very long time, and I hope to be FIRE long before that, so I don't count it as part of my FIRE goals. My parents also signed over our house in my home country to me and that's worth around $120k. However, it's also excluded because I would never sell it due to sentimental value. + +I am 28, will be 29 in a couple of months. My goal was $300k by the time I'm 30 and I think it's doable. Overall, I know I'm extremely lucky - lucky to have a supportive family to allow me to build a career that pays me very well that allows me to have a high savings rate. My goal is to become a millionaire by the time I'm 35. I don't know how realistic this is but I don't plan on changing anything in the meantime. I will continue to go to concerts, to sporting events, I will continue to eat out a couple of times a week, I will continue traveling a couple of times a year, and I will continue not spending money on stupid stuff. My salary will continue to grow while my spending will remain steady. My net worth will continue to climb at a steady pace, and I look forward to just watching that number grow. I'm not tied to any deadlines or any expectations. I just want to take advantage of the fortunate situation I'm in and I want to give myself the flexibility that has alluded a lot of people. + +Feel free to ask me any questions :) I just wanted to share my story since I never dreamt that I would have this much money in my life and it's an incredible feeling knowing that not only am I financially stable, but I am able to help out the people that helped me get to that point. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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Seems like the below might be a Fintel issue rather than under-handness floating to the top as it appeared in some shape or form: + +https://preview.redd.it/6lsh1hnaral71.png?width=1332&format=png&auto=webp&s=731f6da155c3f16dcadca103cd3d4dd665a4de40 + +Apologies for some morning hype - I didn't expect to pick up traction before someone with real wrinkles solved it. I'll see if I can get the flair updated to debunked. At least we all learnt how to unpackage a CMBS now ay! No cell, no sell. + +&#x200B; + +Hi Apes + +I have just stumbled across this SEC filing listed on Fintel against Gamestop on 08/31/2021: + +&#x200B; + +[https:\/\/fintel.io\/ipro\/gamestop](https://preview.redd.it/ibyq665rk9l71.png?width=1678&format=png&auto=webp&s=bcf0fb734c40ecf98e0f1ad4d2ab07f21e9bee17) + +A quick double check on some other stock shows it's not appearing wholesale, just on GME (as far as I have spotted). + +You can see the full filing here: [http://otp.investis.com/clients/us/federal\_homeloan/SEC/sec-show.aspx?Type=html&FilingId=15202618&CIK=0001026214&Index=10000](http://otp.investis.com/clients/us/federal_homeloan/SEC/sec-show.aspx?Type=html&FilingId=15202618&CIK=0001026214&Index=10000) + +It doesn't mention Gamestop. + +So why has Fintel linked them up? + +Well - I have attempted to grow a wrinkle. + +&#x200B; + +[\[X\] Rule 15Ga-2](https://preview.redd.it/ww14b42ml9l71.png?width=2130&format=png&auto=webp&s=75cf79d69ed49bfc0c5eb2293dc690cc06d1a42d) + +So it seems the document has been filed to comply with Rule 15Ga-2. 15Ga-2 is effectively means if you want to sell a new asset backed security, then you have to disclose all third party reports on the underlying asset - at least 5 days before the sale + +https://preview.redd.it/g5so8t7jl9l71.png?width=1766&format=png&auto=webp&s=5ed1e472d17eea09801445ff87bcc6ecb19ac5f4 + +So someone is looking to sell some asset backed securities... + +&#x200B; + +https://preview.redd.it/eip9q3bmm9l71.png?width=1202&format=png&auto=webp&s=3671acc08b1e72a300e3df26f484e4c3e202373e + +K131... well that hasn't happened yet... but K130 sets out what these are all about: + +[http://www.freddiemac.com/mbs/data/k130oc.pdf](http://www.freddiemac.com/mbs/data/k130oc.pdf) + +&#x200B; + +https://preview.redd.it/hyq4r5yao9l71.png?width=642&format=png&auto=webp&s=e12a17534d427b85f6ed80324ea9436b541a7203 + +Can someone give me a 2008 CMBS crash anyone??? + +Well - I'm heading down the rabbit hole with this and will add more as I discover more, but my initial reading is that Freddie Mac are going to sell off a bundle which will involve GameStop related assets. + +&#x200B; + +Please bring your wrinkles and help me work out what is going on? + +&#x200B; + +Edit 1: u/NewportMentholShorts with this nugget of research - Does someone need to build a 5% position in GameStop? + +[**NewportMentholShorts**](https://www.reddit.com/user/NewportMentholShorts/)·[6m](https://www.reddit.com/r/Superstonk/comments/ph2pvo/sec_filing_suggesting_upcoming_asset_backed/hbfl2m9/?utm_source=reddit&utm_medium=web2x&context=3) + +“Section 941 of the Dodd-Frank Act amended the Securities Exchange Act of 1934 by adding a new section 15G ("Section 15G"), which generally requires a securitizer or sponsor of asset-backed securities ("ABS") to retain not less than 5% of the credit risk of the assets collateralizing the ABS issuance.” + +&#x200B; + +Edit 2: I've been reading through the circular for the last ABS (series K-130) that involved a similar group and - to answer a comment that seems to pop up now and again - although this is multi-family, it can contain commercial units as well: + +https://preview.redd.it/8tuj3xiplal71.png?width=1038&format=png&auto=webp&s=69adc8cde2f5631868b60385a77740edcc1a1050 + +I think the 'is it relevant for GME or just a fuck up by Fintel' will only be known when they release the k-131 documentation, where they have to list out the assets that are being bundled. Seems to be a all-star cast of dodgy banks though! +There seems to be a lot of interest in stocks from young investors. I imagine that many will make their way from WSB to this sub because WSB is a bunch of monkeys flinging poo. You may have lost some money and now you want to explore stocks from less of a Meme and emotional perspective. + +There is nothing wrong with Meme stocks. Meme stocks can be fun. I have had fun with it. I am also a 42-year-old man with rental properties, commercial properties, and a few small businesses. BB, NOK, AMC, and even GME are all fine. The DD is fine behind all of them. The issue is that if I lose $1,000 then I can write myself a check from one of my businesses for $10,000 to make myself feel better. That is not a brag...it is simply sharing that people come from different places in life. + +You are just starting off life and probably have far fewer resources and every dollar matters more. + +I challenge anyone to CMV but I am not a big proponent of stocks as a core investment strategy. Here are my reasons why. + +1. Information has a time-decay of value. Meaning that information becomes less valuable over time. Data is what is mined to often produce new Information. You are at a disadvantage when it comes to both data and information. The information that you get on a retail level has already lost much of its value. This is where the saying "if you read it in the news you are already too late" +2. You have no power. You simply cannot compete with whales and whales don't become whales by letting people glean the crumbs that are leftover. They have the power to move markets, you don't. +3. You have no control over outcomes. You have no control over the success of a company. You have no control over other investors. You have no control over anything. +4. The odds on options are not that great. Even compared to blackjack our betting the outside of a roulette table they are just not that good. +5. Many people that are far more intelligent than you are, lose money at stock investing. +6. Your emotions and FOMO will be a hindrance and problematic. +7. Most stock investors are too young to understand the market cycles + +I like stocks as a small part of an overall investment strategy for young people for the following reasons. + +1. Time is valuable and you have the most time +2. Compound interest is the "force" behind all investing and compound interest compliments the stock market very well +3. Certain strategies can complement long-term wealth building + +Building wealth through stocks is like trying to build a house one brick at a time...just you, and you are gathering the straw, digging the mud, and pressing each brick by hand. When it rains many of your bricks will wash away. If the sun shines for enough days then you will make good progress. + +The problem is that all markets cycle. The housing market cycles. Petroleum and natural gas cycles. The stock market cycles. I believe that a full market cycle is around 18 years with around 7-12 years in an up cycle and 6-11 in a down cycle. In the stock market, they call these bull and bear markets. We are currently in one of the longest bull markets on record due to interest rates and the feds printing money. No one has a crystal ball but sooner or later the market will peak. When this happens Boomers will be the first to pull money out and put it into bonds or CDs. Boomers are as big of a whale as retail can get. Anyone and I mean anyone could have made money in the current market. If ten years ago you had asked a five-year-old to pick five of their favorite things and invested in their choices you would have made money. That could be Barbies, YouTube, Pizza, Sprite, and their Dog. They would have made money on any stocks you picked around those five things. + +There will come a day sooner or later when Boomers and GenX will see trends in the market that they don't like. Boomers own multiple houses and are deep into retirement. GenX is a small but powerful generation that is now on the back Nine Holes of life. Gen X will largely inherit the wealth of the Boomers. There will come a shift towards mitigating losses and that shift is not far away. When they move their money from markets so goes the market. + +Is it fair to say that one of the longest bull cycles on record could transition to one of the longest bear cycles? + +Let's look at Millenials...a generation that is struggling to just buy a home. Boomers own a few. GenX may own a couple and Millenials that are now entering into their forties struggle with one. Millenials are a massively sized generation that I believe is now bigger than both GenX and Boomers combined because Boomers are dying at a rapid pace. Millenials are the generation that were adults starting life and careers in 2008 and full-blown families with Covid-19. Maybe one of the unluckiest generations. + +GenZ is this very talented and intelligent generation. Y'all are creating disruptions in culture, in politics, and in Wall Street. You are savvy and demanding. Giving billionaires the finger while pissing on the front door of their mansions. + +But you need to be careful. + +Stocks are not the key to your success. They are just a single tool in your toolbox. A better tool may be early homeownership or owning a small business. Life is about options...and I am not talking about the gambling options of Wall Street. I am talking about the options of having equity in a home to adapt to economic swings. I am, talking about the options of owning a small business where your day to day decisions make you smarter and more valuable. Where you own assets that make you money. Most importantly you have control over your own destiny. + +I am not telling you not to invest in stocks. I am just telling you that it should be a limited part of your overall strategy in life. Unless someone has been through two complete cycles of the stock markets then I would take their advice with a grain of salt. + +General advice: + +1. Don't sell stocks that you have taken a loss on +2. Buy when everyone is selling and sell when everyone is buying +3. Invest in stocks with a strategy based on your knowledge and experience +4. Invest only what you can afford to lose +5. Stocks work best with time. Leave them alone +6. Be a value investor +7. Invest with a purpose + +Number seven is important. For example, I like Robotics, AI, and Automation. I like these is two specific areas....transportation and mining. I operate in the Transportation industry. I know that very soon human drivers will be eliminated and self-driving trucks will take over. Trucks will be loaded, driven, and unloaded without a single human being doing any of that work. With that will come an entire supporting industry. Tow trucks will need to be automatically dispatched when trucks break down or in accidents. AI will need to be involved in decision making. I will see these changes before I am dead and I am 42. + +I like underwater mining. Our oceans are the next frontier and the next gold rush. We have areas of sea bottom that has very little life but is rich in gasses, minerals, and thermal energy. Automation, AI, and robotics will play a huge role in underwater mining. I will see this transition start in my lifetime and I am 42. + +Beyond that, once we have machines that are capable of underwater mining then we have the basics for machines that can mine inner-system planetary objects. From nearby asteroids to the moon, to thermal energy collection closer to the sun, to Mars and beyond. The wealthiest person in existence will be the person that is able to start the first off-planet mining operation. Where there is no EPA, no taxes on land, where we are not building sub-divisions next to mines. Where we don't have to worry about the ecosystem. Where gasses and pollutants are not pollutants because there is nothing of consequence to pollute. The largest land-owners in existence will be the owner of off-world mining operations. That may not happen in my lifetime...but it may in yours. + +I like investing in Meme stocks because they are fun. But I also invest in Robotics, AI, and automation with one-single question....is this company taking humanity one-step close to automated transportation or underwater mining? I invest with a purpose. + +Sure I will grab up some value stocks every now and then. People are going to be flying more than ever in a few years. People are going to be more social than ever in a few years. Shoot Condom manufacturers are a buy right now because people will be..........you get the idea. + +The whole reason that I wrote this excessively long post is to maybe get you into thinking about your strategy....what is it? And to caution you on being "all-in" on stocks. + +Stonks don't always go up. +**BACKGROUND** + +**Introduction**: This post is part of an ongoing monthly early-retirement series and my way of giving back to a subreddit that helped me tremendously on my journey. As these posts have become increasingly popular based on the number of views and comments, and as my desire to spend a great deal of the first day of every month on reddit has significantly waned, my responses might be limited. Please check comments and posts from previous months to find answers to potential questions. I genuinely appreciate all of the positive comments, even though I no longer take the time to say so individually. + +**Model**: I wish to maintain a portfolio that began in June 2017 at $1,025,772. My maximum withdrawal rate is 3% of each year’s starting balance, provided that the portfolio remains above $1M. Should the portfolio drop below $1M, I will lock back into a maximum $2500 per month ($30k per year) guardrail withdrawal until the market recovers. I realize that this is not the holy Trinity method, but consider these three factors that give us flexibility: a 3% withdrawal rate is below the 100% historically safe mark of 3.2% for fifty-year portfolio survival, the extended bull market peaked us nearly 20% above the original target amount (meaning that $30k annually is actually 2.5% instead of 3% if restarting from the peak); and our actual withdrawal rate was averaging less than 2% of the original portfolio balance (due to earning additional income) when we received an unexpected $30k windfall (meaning that our current withdrawal rate is actually negative). The budgeted withdrawal amount is $2773 per month for 2018. In 2017, it was $2564 ($2618 adjusted for inflation). + +**Career**: I am a former retail pharmacist who hated his profession for the following reasons: unacceptable amounts of stress, lack of civility from the general public, capitalism gone amok, fundamental disagreement with the overuse of pharmacotherapy as an answer for underlying health issues, and a severe opiate crisis that few have yet to appreciate. I attended college for eight years to earn a bachelors (1997-2001) and a doctorate (2001-2005) before joining the workforce for nearly twelve years (2005-2017, entirely with CVS). $150k in education costs were covered by academic scholarships ($25k), employment during college ($20k), prior savings from high school employment ($5k), revenue from an eBay business while in college ($10k), and massive help from my parents ($90k). My salary plus compensation went from $115k in 2005 to $150k in 2017. My savings rate was about 70%. + +**Finances**: I retired at the age of 38 on June 6, 2017, the day before the twentieth anniversary of my high school graduation. I am married with no kids and generated over 95% of the family income while employed. We live in LCOL rural TN. Our asset allocation goal is approximately 60% VTSAX (total US stock market) / 20% VFWAX (total INTL stock market) / 20% VWLUX (US municipal bonds). We also hold roughly $400k in house, land, and belongings not included in the portfolio. My spending model places no dependence upon supplemental income (future employment?), social security ($10k/yr?), inheritance ($500k?), house equity (no heirs?), universal health care (probable?), or universal basic income (possible?). The final balance will be left to charities and worthy causes. + + +**MONTHLY UPDATE** + +**Spending**: Living expenses for the month came to $3471. This is $698 over the 2018 monthly targeted amount of $2773. Our spending is 25.2% over budget for the month, 18.0% over for the year, and 19.1% over since retirement. We generated $474 of income this month from my wife wanting to work and some of my old book royalties. Our investment withdrawal was $2997 this month, thus our pro-rated, annually-adjusted withdrawal rate is 3.24% for the month, -6.71% for the year, and -1.22% since retirement. Without the additional income stream, our pro-rated, annually-adjusted withdrawal rate would have been 3.47% for the month, 3.54% for the year, and 3.57% since retirement. + +**Investments**: The portfolio went from $1,130,151 to $1,133,244 (a 0.27% increase for the month), which went down to a new total of (drum-roll) $1,130,247 after cashing the checks and paying the bills. This is a 10.19% increase from the original starting balance of $1,025,772. Since retirement, capital income from the investment portfolio has produced the equivalent of a full-time employee generating $45.97/hr of labor income. To sustain the original portfolio balance, $18.14/hr is the pace needed for COL based on spending rate; $-5.68/hr is the pace needed for COL based on withdrawal rate. Dividends included, VTSAX (61% AA) went up 0.45% this month (0.26% down for 2018); VFWAX (20% AA) went up 0.46% (0.25% up for 2018); VWLUX (19% AA) went down 0.29% (down 1.60% for 2018). + +**Reflections**: The overspending this month was due to a collection of vacation related purchases ($500), dentist/optometrist visits ($500), and my professional tax ($500). All of these were planned expenses. The market was all over the place again but ended pretty much flat. I try to avoid viewing daily market results, but they seem to have become ubiquitous in the digital universe. I am eager to see where the annual update next month will have us on spending and investing. + +**Experiences**: I won the Andrew Jackson Marathon on the coldest day in its 46-year history with a 2:59:04, became the oldest person to ever hold the title of RRCA TN state marathon champion, and set a course record on the current three-year-old route. I drove the entire way on an eleven day, 3100 mile vacation through 12 states (TN/MS/AR/OK/KS/NE/IA/MN/WI/IL/MO/KY) to bring my wife’s states visited count even with my own (49, no AK). The planned highlight of our trip, visiting Paisley Park, was cancelled when the blizzard hit. I highly recommend Garvan Woodland Gardens in Hot Springs, AR; Cosmosphere in Hutchinson, KS; Museum of American Speed in Lincoln, NE; Dana-Thomas House in Springfield, IL; and City Museum in St. Louis, MO. There was a message from a pharmacy staffing service on my home phone when we returned, but I did not bother returning the call. I was not able to convince my friend (making $70k/yr) with no savings/retirement and three kids that he shouldn’t spend $40k on a new truck just because he made $80k profit on a house sale. I spent way too much time again this month following the political circus. I cut back weekly running from 40 miles to 36 miles (still five hours but much less intense) and have started allocating three hours each week to swimming, cycling, and weightlifting (one hour each). + +**Upcoming**: My time at the museum has run its course. I no longer find it stimulating. I plan to spend time volunteering as a running coach in some local clubs and as a pacer in some local races. I have a marathon on May 5. It was supposed to be a backup race for my first victory, but after my result last month, I don’t plan on running it at race pace. If history is any indication, I should be able to tackle it at a training pace and still grab the overall win with a new course record (small field). I pushed the three-week Japan trip back to next year. I’d like to get back to more reading, kayaking, bowling, painting, and watching classic films. Perhaps I will also do whatever the fuck I want. Perhaps I should remove “perhaps” from that last sentence. + +I am in my late 30’s and just got my first senior management position earning around $300-$350k total comp. I am also in the running for the president role in about 5 years which should be about 200k or so more. +I am married with 2 kids, my wife earns around 65K. Our current NW is $1.1M. +My house is paid off and am 80K short of paying off an investment property that generates $15K a year net. + +What are some things that I could do to position myself for fatFIRE? + +Outside of my 1 investment property I do not have any side hustles, should I find one or focus on my career? + + + +anything in your view, tickertape, bloombergquint, vcccircle (really want some info on this one) etc. + +So, I was looking for some info about PE Investments in india companies, but VCCcircle says, 'exclusively for premium', info looks like not available anywhere else, + +So, want to know, which premium account is actually worth it? + +Edit: my bad, it should be, which not 'whiah' +TL;DR: The goal of the post is to spread FUD by lowering the price expectations from $10m to $100k and to make you worry that this will take months to unravel so better sell at $100k than not. Please beware. + +**EDIT 1: The post has now been removed and locked by MODS. THANKS!** + +~~**EDIT 2: The post has now been made visible again by MODS**~~ (AND it’s gone again now) + +**EDIT 3: Thanks for pointing out that I need to wrap this post in a credible amount of “BUY & HODLE” and rockets, so here we go: 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 buy and hodl 🚀 🚀 🚀 🚀 🚀 🚀** + +I read https://reddit.com/r/Superstonk/comments/n28mhx/the_180_wall_explained/ this morning and I’m amazed as to how many just jumps right in and accept the post as truth. + +Here are my thoughts and why I think it’s definitely worth AT LEAST being cautious about the post: + +1. It’s NOT DD - even though many responds to it as “god tier DD”, it’s not. It’s just someones opinion. It’s not backed by with the amount and quality of proof, that real DD needs to have and is mainly speculation. **It was posted as DD flair, but our MOD team changed it because it’s NOT DD.** +2. It’s main take-away is the anchoring of a $100.000 CEILING and a prolonged period of time with 2 squeezes, clearly making some people think about the $10m floor and if it’s just too much. **MOD /u/heyitspixel has already stepped in with a pinned reply that he does not believe the plot about 2 squeezes**. Mod team quote: *“To everyone unsure about one or two squeezes taking place, you should read the comments. A lot of folks explained, why it’s nearly impossible to squeeze twice. I agree with them.”* +3. It introduces a new FUD about - more or less - that the power is not in OUR hands but rather we’re just a mere pawn in the chess play where we will just have to wait for the DTC/SEC to judge whatever is going to happen. “Not being up to apes” is a dangerous thought and WILL create paperhands. +4. It’s from an “unknown” poster that has not produced any DD before and out of the blue, the lightning strikes and he has THE answer to “everything”. The poster has almost no history here and as MOD’s already replied in a pinned reply to the post, it has already been posted once a couple of days ago. Now the poster does it again even when arguing he’s almost to sick to stay awake? +4. It plays on the “oh I’m [the poster] so sick, but I’m doing this for you guys [martyrism]” to build empathy for the guy so it’s harder to ask the “uncomfortable” questions, pointing out that it’s FUD. +4. It has more uploads and awards in a short time than I would expect to happen organically (ie. I think it’s “backed” by shills/bots) +5. It completely turns the gameplay upside down by arguing that it’s actually not the shorts, that are keeping the price from hitting 180 but the longs. The centiment in the post is that the shorts would like an even higher price and more volatility - basically a 180 degree reversal of the common belief in here after 3 months of VERY much digging and DD writing/reading. If this was actually the case, it would be VERY easy for the shorts to raise the price as they could just hammer the marked with buy-orders by starting to cover, EASILY outweighing the longs. + +To me, there’s just too much “fishy-ness” going on in this post and I’m a bit concerned that 100s of you just jump right in because it’s confirmation bias that turns off your critical thinking. + +TRUST NO ONE ! +Hello, + +My home is insured (rebuild coverage) for about $1.75M, with maybe another $750K in contents coverage (this is rough - have to look at policy for exacts). Got the version that does full rebuild. + +Two years ago, my Chubb policy was about $4500. Then last year it jumped to $6K (broker said because of inflation and rising home prices) and this year I just got my renewal at $7500. At this rate, it will have doubled in 3 years. + +Looking around, it looks like other high value home insurers are AIG, PURE, Cincinnati Executive Capstone, Kinkstone, and Travelers. I'm going to ask my broker to get new quotes, but I'm wondering: + +1) Any insight into which of these are the best (if it's universally agreed it's Chubb, I'll stick with it) + +2) Anyone else seeing rate increases like this? + +I'm in a safe, MCOL suburb, and have had no claims since we've owned the house. + +Thanks! + + +I am apart of Gen Z and in my early 20s with $10,000 saved up. I have half of a BA complete and have not started investing yet. I stopped going to college after the first 2 years because I still didn’t know what I wanted to do and was warned about going to school with no plan (A waste of time and money). I have a better idea now but my question is, should I pour all of my money into finishing my education while I am not paying any bills and working part time (I still live with my parents debt free, they will let me stay as long as I need to) and just start over financially after I graduate, or split it between savings and an index fund and go back to school after I’ve saved up some more money later? My degree choice will not have a quick ROI because I need more skills and experience to stack on top of it before I can expect it to pay off, so I don’t need it immediately, but my fear is that with the rising cost of everything, it will be harder to go back later as my disposable time decreases, my expenses rise, or any other possible setbacks that may come my way. + +I understand that I don’t have enough saved for the stock market yet but I need money that is growing and not just sitting in a checking account and it’s either invest now while I'm young or let more time go by and continue being stagnant. + +Inflation that isn’t going anywhere anytime soon has me wondering what financial decisions are smart to make now for the future. +This is probably a silly question and I’m ready to get flamed, but I’m honestly just quite curious if this could actually be pulled off. Thanks in advance. + +Edit; I’m also 19 years old. + +2nd edit: thanks for all the informing comments:))) + +Last edit: I think you guys have covered most on the topic. if anything it’s best I continue building up my savings before considering anything at this point. I will keep doing research & learn more about the industry in the mean time. — if you still would like to add anything, pls go for it. +The UKPF mod and wiki teams are super proud to announce that THE UKPF FLOWCHART has had a major overhaul, which we've just released as version 3.0! 🥳 + +All existing links will of course still work, and point to the latest version. Have a look over at: https://flowchart.ukpersonal.finance + +We also have a wiki page with a bit more explanation and clickable links: https://ukpersonal.finance/flowchart/ + +The new flowchart is formatted for better mobile viewing. We also hope it's easier to follow than the previous version, whose charming spaghetti-likes lines had an unfortunate tendency to put people off. + +HUGE thanks to everyone who helped, you're all fab. If **you** are interested in helping with updates to the flowchart and wiki, please consider yourself very much invited. Join the UKPF Discord https://discord.gg/kaetMg8 and let us know you want in on the wiki channel. + +Feedback and suggestions are very welcome on this post too :) +**TLDR WHEELS ARE ROLLING BABY** + +Fellow shareholders, + +FIRST THINGS FIRST + +PLEASE WELCOME [EDDRICK](https://imgur.com/a/e4Qkf3J) + +HEDGIES YOU THINK YOU ARE PRYING EDDRICK FROM MY CLUTCHING GRASP FOR LESS THAN [SIXTY FIVE FUCKING MILKY](https://gmefloor.com) + +YOU ARE BATSHIT FUCKING INSANE!!!!!!!!!!!!!!!!!!!!!!!!!!!! + +EDDRICK BRINGS THE TOTAL MEMBERSHIP OF OUR LOVING WATER FALL COMMUNE TO 400.989!!!!!!!!!!!!!!!!!!!!!!!! + +AS WELL PICKED UP [NHL 22](https://imgur.com/a/cGpXhvu) THE SON FEELS CONTROLS ARE DEGRADED FROM 21 BUT I SEEM TO DO BETTER AGAINST HIM THEREFORE I REVIEW IT POSITIVELY + +SECOND THINGS SECOND + +A) Options are shill shit. + +B) Shill price targets are shill shit. + +THIRD THINGS THIRD + +My documents and filing fee have all made it to the Delaware Court of Chancery and the case is being docketed right now. I have confirmed as much with the kind and patient folks at the Register in Chancery. + +After the case is docketed, it's assigned to a judge. I will hear more, including getting a case number, once that happens. + +**I will provide the case number and other info, like a hearing date, as soon as I know it.** + +My apologies for the delay, which was due to a mix-up on my part. For anybody taking notes to file a case of your own, here are two additional documents needed: + +[Form of Order and Motion to Expedite](https://imgur.com/a/nbPF9NX) + +This form replaces the Motion to Expedite from my previous post. Though the language on the forms is similar, it seems to be important that this document's title includes the words Form of Order. + +[Supplemental Information Form](https://imgur.com/a/OroitW3) + +Onward and upward. + +[Addressing FUD](https://www.reddit.com/r/Superstonk/comments/qw5ree/last_week_ujasonwaterfalls96_submitted_a_document/hl1xrn0/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +**TLDR WHEELS ARE ROLLING BABY** + +*Disclaimer: My name is JASON FUCKING WATER FALL. I'm not subject to an NDA or any kind of equivalent gag order regarding issues within GME's milieu. I haven't received information indicating an unreconciled number of ballots or votes cast in GameStop's 6/9 shareholder election exceeded the number of outstanding shares. I haven't received information indicating GameStop has been legally prevented from taking action projected to cause a systemic market event. I haven't received information indicating that the number of beneficial GameStop shareholders exceeds the number of outstanding shares. Epstein didn't kill himself and I won't either. I once touched Owen Hart's sweaty bicep as he walked out with Jim Neidhart at a house show. I have never met or knowingly spoken to Ryan Cohen, Matt Furlong, Michael Recupero, Mark Robinson, Tess Halbrooks, Greg Marose, Deep Fucking Value, Ken Griffin, Vlad Tenev, Steven Cohen, Maxine Waters, Elon Musk, Joe Rogan, PFTCommenter, or Ariana Grande.* +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.” +Current stats: + + • Ticker = ATZ + +• Exchange TSX + +• Current Price = 44.78 + +• All time high = 58.97 (Jan 31, 2022) + +• Low = 12.31 (Mar 31, 2020) + +• Market Cap = 5.14B + +• Shares outstanding 112.58M + + • EPS (Trailing 12 months) 1.48 + +&#x200B; + +&#x200B; + +[insane growth](https://preview.redd.it/u3kqc8de5wi91.png?width=326&format=png&auto=webp&s=d2cbc4855ff3e0929add52b4a0eac9efb670ddb6) + + Concerns: + +Revenue expectations are off, not necessarily a bad thing as sales growth from last year was 74.34%, gross income growth of 112%, EBITDA growth of 122%, and so on. Mind you, this in combination with lifting restrictions, opening storefronts, etc. In general, I do not have many concerns with this stock. My only concern is (keep in mind I’m bearish on the current state of the market) that the north American markets in particular are due for a correction. There isn’t much to back the bull run which has seen near 30% gains since mid-June. One bad inflation report next quarter or increased rates could send the markets and this stock down with it (from my not very credible perspective lol). Then again, that’s a big “IF”. + +&#x200B; + + First bought @ 33 dollars ROI = approx. 38% as of Friday close + +&#x200B; + +Cashflow statement is attractive aswell; [Aritzia Inc. (ATZ.TO) Cash Flow - Yahoo Finance - Yahoo Finance](https://ca.finance.yahoo.com/quote/ATZ.TO/cash-flow?p=ATZ.TO) + +&#x200B; + +I have had this stock on my watchlist for a while, and with talks of US expansion in the coming years, I am becoming very bullish on aritzia. Would love to hear what this community thinks. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Two of the popular advice are: + +1. Be patient during some losses and not sell position at the first sign of trouble. If you are an investor, hold it patiently for years. + +2. Don't be married to your position. If a stock is losing you money, exit it. + +These 2 seem a bit contradictory to me. Suppose I own some stock of a company for the long term, how do I know if I should be patient or get rid of my position? + +Update: + +One more follow-up question. As an average investor without even accounting background, I have no way to do thorough DD. If a stock falls tomorrow, I can give you a dozen reason on why it's a bad stock, but if the same stock goes up, I can give you many reasons why it's a good stock. How do I know if DD is correct. I think there is no way to know it for sure? +Hello everyone, I again am guest-hosting Diamantenhände while we all eagerly await u/DerGurkenraspler's glorious return. Apes unite around the world to watch the German market carry the torch until US pre-market opens! + +&nbsp; + +- 130 minutes in: **$286.27 / 234,25 €** 🟩 +- US pre-market open: $284.80 / 233,04 € 🟩 +- 120 minutes in: $284.07 / 232,45 € ⬜ +- 115 minutes in: $284.07 / 232,45 € 🟩 +- 110 minutes in: $283.22 / 231,75 € 🟩 +- 105 minutes in: $283.03 / 231,60 € 🟥 +- 100 minutes in: $284.32 / 232,65 € 🟥 +- 95 minutes in: $284.50 / 232,80 € 🟥 +- 90 minutes in: $284.62 / 232,90 € 🟥 +- 85 minutes in: $284.93 / 233,15 € 🟩 +- 80 minutes in: $283.65 / 232,10 € 🟥 +- 75 minutes in: $284.99 / 233,20 € 🟩 +- 70 minutes in: $284.75 / 233,00 € 🟥 +- 65 minutes in: $285.91 / 233,95 € 🟩 +- 60 minutes in: $285.23 / 233,40 € 🟩 +- 55 minutes in: $284.56 / 232,85 € ⬜ +- 50 minutes in: $284.56 / 232,85 € ⬜ +- 45 minutes in: $284.56 / 232,85 € 🟥 +- 40 minutes in: $284.62 / 232,90 € 🟩 +- 35 minutes in: $284.50 / 232,80 € 🟥 +- 30 minutes in: $286.33 / 234,30 € 🟩 +- 25 minutes in: $282.97 / 231,55 € 🟩 +- 20 minutes in: $281.38 / 230,25 € 🟩 +- 15 minutes in: $280.04 / 229,15 € 🟥 +- 10 minutes in: $284.38 / 232,70 € 🟥 +- &nbsp;&nbsp;5 minutes in: $284.75 / 233,00 € 🟩 +- &nbsp;&nbsp;0 minutes in: $284.20 / 232,55 € 🟩 +- US close price: $282.24 / 230,95 € ⬜ + +&nbsp; + +FAQ: To generate this data, I'm capturing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and converting to USD. Today's EUR -> USD conversion ratio is 1.22208304. I created a simple C# application that assists me in scraping this data and am manually editing the results into the post, so there can be delays. + +I'm not trying to take over this tradition, just keep it going for fun on days when u/DerGurkenraspler doesn't start the thread at the normal time. They have been unexpectedly absent recently, but I will gladly bow out of this role when they resume updates. +**Preamble:** The ability of Congress Members to trade stocks has been controversial from the start. There have been multiple stories covering the 2020 congressional [insider trading scandal](https://en.wikipedia.org/wiki/2020_congressional_insider_trading_scandal) where Congress Members allegedly used insider knowledge to trade large positions in stocks just before the coronavirus pandemic crash. But none of the articles talked about the financial implications of those trades and whether the retail investors could have front-run the market using the disclosed data.  Basically, what I wanted to know was + +**How much did the Senators save by offloading their positions before the crash and could I have done the same?** + +**Where is the data from**: efdsearch.senate.gov + +For my [previous analysis into congressional trading](https://www.reddit.com/r/StockMarket/comments/n958n7/i_analyzed_9000_trades_made_by_us_senators_in_the/), I used data from senatestockwatcher.com. But not all the transactions are captured on the website and I wanted to match exactly with the trades reported by famous journals. efdsearch.senate.gov is the United States official website where Senator, former Senator, and candidate financial disclosure reports are available. Some of the data is available as a scanned file and some in normal HTML format. I had to manually transcribe most of the data used in this analysis. + +In case you are wondering about the time delay between the actual transaction and reporting, Congress Members are expected to [report the transaction within 30 days](https://www.citizen.org/article/personal-financial-disclosure-requirements-for-public-officials/). The median delay in reporting that I observed for all the trades was 28 days. + +All the trades and my analysis are shared as a google sheet at the end. + +**Analysis:** + +There are multiple factors at play here. + +Timeline: On January 24, 2020, the Senate Committees on Health and Foreign Relations held a closed meeting with only Senators present to brief them about the COVID-19 outbreak and how it would affect the United States. I am considering this as the start time for my analysis. Any sale made by the senators after this point up to Feb 26 is considered. (I did not consider sales beyond that point as SPY dropped 8% during that week. My assumption here is it’s realistic for any person be it a normal investor or a Senator to panic sell after seeing that drop). For reference, SPY dropped an additional 25% over the next 3 weeks!   + +Senators under consideration: I have considered trades done by 4 senators in my analysis. I have focused on these 4 as all of them were investigated by [Justice Department and the FBI](https://en.wikipedia.org/wiki/2020_congressional_insider_trading_scandal) following the trading scandal. + +1. Richard Burr +2. Kelly Loeffler +3. James M Inhofe +4. David A Perdue + +https://preview.redd.it/owzxgiv17g371.png?width=751&format=png&auto=webp&s=fbb5ec251a813bfcaf6d954b3992263b167ebdbd + +David Perdue sold 44 times ($3.49 MM) in the 33 days following the closed senate meeting. Interestingly James Inhofe only transacted 8 times but the combined value of shares he sold was a whopping $4.12MM. The most ironic part is that Richard Burr who was under investigation the longest and had to step down from the intelligence committee due to the scandal had the least dollar volume in the transaction ($1.1MM). + +**Results:** + +Before we dive into the overall amount saved by the Senators and the retail investor side of the analysis, let’s see what were the best trades made by the Senators during that time period.   + +https://preview.redd.it/zzkp2rh37g371.png?width=1038&format=png&auto=webp&s=02669d67934a2bc1e4b0dc54f5a4ff97860c8b0e + + David Perdue absolutely killed it with his stock plays. He is present 7 times in the top 10 list and his best play, Caesars Entertainment reduced 83% after he sold his position. Fun Fact: if a stock reduces 83%, it has to go up 488% just to reach back to its initial price. Another interesting observation from the chart is that senators mainly sold stocks related to the entertainment and hospitality industries which were the most severely affected industries due to the pandemic. + +[ ](https://preview.redd.it/vzd0kq757g371.png?width=755&format=png&auto=webp&s=ec18cc544fefb81597f8929af51b299cf36edc65) + +The above chart showcases the amount of money saved by the Senators due to front running the market crash. David Perdue saved an insane $2.2MM with his stock sales. I also kept a multiple of annual Senate salary to showcase the scale of impact they made to their portfolio because of the trades. + +Finally, we come to the million-dollar question. **Was it possible for the retail investors to follow these trades and front-run the crash?** + +This is where the analysis gets a bit tricky. 88% of the transactions were reported by March 3rd but if you consider it in dollar values, only 52% of the transactions were reported (some of the high-value transactions were reported only after the crash). But if you were an astute investor, you could have observed a stark difference in what the Senators were saying and how they were trading. For Eg. [Richard Burr reassured the public that the US was well prepared](https://www.vox.com/policy-and-politics/2020/5/14/21258560/senator-richard-burr-coronavirus-insider-trading-scandal-explained) for the pandemic but then sold $1MM worth of stocks in the next two weeks. I know that hindsight is 20/20 but if you could have connected these two dots, then you could have saved up to **25% of your portfolio** before the crash. + +**Limitations of analysis:** There are some limitations to the analysis. + +a. I have only used one black swan event for the analysis. A better method would be to analyze the stock trading pattern over 3-4 major crashes and see if any pattern emerges. But the current limitation is that efdsearch.senate.gov has only data since 2012. + +b. There is no disclosure for the exact amount of money invested by Congress Members. The disclosure is always in ranges (e.g., $100k – $200k). So, for calculating the transaction amount, I have taken the average of the given range. + +**Conclusion** + +I intentionally left out the party affiliation of the Senators as I did not want our political views clouding our financial judgment. I could not find a single example where a retail investor or an institutional investor or even a hedge fund leveraging this information to make their trades (it might just not be public!). Another possible explanation here is that Senators might just have superior stock trading capability as [none of them were indicted for this and all investigations are closed now](https://www.nytimes.com/2021/01/19/us/politics/richard-burr-stock-trades-investigation.html). + +However you view it, this analysis in addition to my [last analysis (which proves that Congress Members have better returns than SP500)](https://www.reddit.com/r/StockMarket/comments/nsvk50/i_analyzed_all_the_controversial_trades_made_by/) showcases that there is significant money to be made by following their trades closely! + +**Google Sheet containing all the data**: [here](https://docs.google.com/spreadsheets/d/1DmIpEkMrEWix30whYWkHg_mGypVBMQxYnx_sQYXkwz4/edit?usp=sharing) + +*Disclaimer: I am not a financial advisor.* +**Preamble:** The ability of Congress Members to trade stocks has been controversial from the start. There have been multiple stories covering the 2020 congressional [insider trading scandal](https://en.wikipedia.org/wiki/2020_congressional_insider_trading_scandal) where Congress Members allegedly used insider knowledge to trade large positions in stocks just before the coronavirus pandemic crash. But none of the articles talked about the financial implications of those trades and whether the retail investors could have front-run the market using the disclosed data.  Basically, what I wanted to know was + +**How much did the Senators save by offloading their positions before the crash and could I have done the same?** + +**Where is the data from**: efdsearch.senate.gov + +For my [previous analysis into congressional trading](https://www.reddit.com/r/StockMarket/comments/n958n7/i_analyzed_9000_trades_made_by_us_senators_in_the/), I used data from senatestockwatcher.com. But not all the transactions are captured on the website and I wanted to match exactly with the trades reported by famous journals. efdsearch.senate.gov is the United States official website where Senator, former Senator, and candidate financial disclosure reports are available. Some of the data is available as a scanned file and some in normal HTML format. I had to manually transcribe most of the data used in this analysis. + +In case you are wondering about the time delay between the actual transaction and reporting, Congress Members are expected to [report the transaction within 30 days](https://www.citizen.org/article/personal-financial-disclosure-requirements-for-public-officials/). The median delay in reporting that I observed for all the trades was 28 days. + +All the trades and my analysis are shared as a google sheet at the end. + +**Analysis:** + +There are multiple factors at play here. + +Timeline: On January 24, 2020, the Senate Committees on Health and Foreign Relations held a closed meeting with only Senators present to brief them about the COVID-19 outbreak and how it would affect the United States. I am considering this as the start time for my analysis. Any sale made by the senators after this point up to Feb 26 is considered. (I did not consider sales beyond that point as SPY dropped 8% during that week. My assumption here is it’s realistic for any person be it a normal investor or a Senator to panic sell after seeing that drop). For reference, SPY dropped an additional 25% over the next 3 weeks!   + +Senators under consideration: I have considered trades done by 4 senators in my analysis. I have focused on these 4 as all of them were investigated by [Justice Department and the FBI](https://en.wikipedia.org/wiki/2020_congressional_insider_trading_scandal) following the trading scandal. + +1. Richard Burr +2. Kelly Loeffler +3. James M Inhofe +4. David A Perdue + +https://preview.redd.it/owzxgiv17g371.png?width=751&format=png&auto=webp&s=fbb5ec251a813bfcaf6d954b3992263b167ebdbd + +David Perdue sold 44 times ($3.49 MM) in the 33 days following the closed senate meeting. Interestingly James Inhofe only transacted 8 times but the combined value of shares he sold was a whopping $4.12MM. The most ironic part is that Richard Burr who was under investigation the longest and had to step down from the intelligence committee due to the scandal had the least dollar volume in the transaction ($1.1MM). + +**Results:** + +Before we dive into the overall amount saved by the Senators and the retail investor side of the analysis, let’s see what were the best trades made by the Senators during that time period.   + +https://preview.redd.it/zzkp2rh37g371.png?width=1038&format=png&auto=webp&s=02669d67934a2bc1e4b0dc54f5a4ff97860c8b0e + + David Perdue absolutely killed it with his stock plays. He is present 7 times in the top 10 list and his best play, Caesars Entertainment reduced 83% after he sold his position. Fun Fact: if a stock reduces 83%, it has to go up 488% just to reach back to its initial price. Another interesting observation from the chart is that senators mainly sold stocks related to the entertainment and hospitality industries which were the most severely affected industries due to the pandemic. + +[ ](https://preview.redd.it/vzd0kq757g371.png?width=755&format=png&auto=webp&s=ec18cc544fefb81597f8929af51b299cf36edc65) + +The above chart showcases the amount of money saved by the Senators due to front running the market crash. David Perdue saved an insane $2.2MM with his stock sales. I also kept a multiple of annual Senate salary to showcase the scale of impact they made to their portfolio because of the trades. + +Finally, we come to the million-dollar question. **Was it possible for the retail investors to follow these trades and front-run the crash?** + +This is where the analysis gets a bit tricky. 88% of the transactions were reported by March 3rd but if you consider it in dollar values, only 52% of the transactions were reported (some of the high-value transactions were reported only after the crash). But if you were an astute investor, you could have observed a stark difference in what the Senators were saying and how they were trading. For Eg. [Richard Burr reassured the public that the US was well prepared](https://www.vox.com/policy-and-politics/2020/5/14/21258560/senator-richard-burr-coronavirus-insider-trading-scandal-explained) for the pandemic but then sold $1MM worth of stocks in the next two weeks. I know that hindsight is 20/20 but if you could have connected these two dots, then you could have saved up to **25% of your portfolio** before the crash. + +**Limitations of analysis:** There are some limitations to the analysis. + +a. I have only used one black swan event for the analysis. A better method would be to analyze the stock trading pattern over 3-4 major crashes and see if any pattern emerges. But the current limitation is that efdsearch.senate.gov has only data since 2012. + +b. There is no disclosure for the exact amount of money invested by Congress Members. The disclosure is always in ranges (e.g., $100k – $200k). So, for calculating the transaction amount, I have taken the average of the given range. + +**Conclusion** + +I intentionally left out the party affiliation of the Senators as I did not want our political views clouding our financial judgment. I could not find a single example where a retail investor or an institutional investor or even a hedge fund leveraging this information to make their trades (it might just not be public!). Another possible explanation here is that Senators might just have superior stock trading capability as [none of them were indicted for this and all investigations are closed now](https://www.nytimes.com/2021/01/19/us/politics/richard-burr-stock-trades-investigation.html). + +However you view it, this analysis in addition to my [last analysis (which proves that Congress Members have better returns than SP500)](https://www.reddit.com/r/StockMarket/comments/nsvk50/i_analyzed_all_the_controversial_trades_made_by/) showcases that there is significant money to be made by following their trades closely! + +**Google Sheet containing all the data**: [here](https://docs.google.com/spreadsheets/d/1DmIpEkMrEWix30whYWkHg_mGypVBMQxYnx_sQYXkwz4/edit?usp=sharing) + +*Disclaimer: I am not a financial advisor.* +20M going to start investing $500-$1,000 a month nothing crazy just set it and forget it. vti is nearly half the price per share as voo. So would you say it’s ultimately a better pick long term? +I've tried to google the laws about this in my state of Utah, but couldn't find anything specific to private homes. + +These people off as intimidating. I know there are really easy ways to get fake service animal labels on the internet and I think some of these folks bully landlords who aren't familiar with their state laws. + +What exactly is the law when it comes to a private home where the landlord lives there too? What are my rights in my own home? + +**UPDATE WITH LINKS** (from replies below, thank you everyone!) : + +* [https://fairhousing.foxrothschild.com/2010/06/articles/fha-basics/the-mrs-murphy-exemption-to-the-fair-housing-act/](https://fairhousing.foxrothschild.com/2010/06/articles/fha-basics/the-mrs-murphy-exemption-to-the-fair-housing-act/) +* [https://www.humanesociety.org/resources/fair-housing-act-and-assistance-animals](https://www.humanesociety.org/resources/fair-housing-act-and-assistance-animals) +* [http://www.mondaq.com/unitedstates/x/235406/real+estate/The+FHAs+Mrs+Murphy+Exemption+A+50+State+Guide](http://www.mondaq.com/unitedstates/x/235406/real+estate/The+FHAs+Mrs+Murphy+Exemption+A+50+State+Guide) + +Please share with fellow landlords. I hate seeing people bullied, intimidated, or pushed around... whether it's by tenants or landlords. +Unsure if this will be downvoted or upvoted (edit: got my first downvote, thanks). It is meta/off-topic perhaps. But, my question is, after your months or years or decades of actual experience, what are some important lessons you've learned that you are able to distill into words? + +For example, one truth about equity investing I've realised is that it does not matter *too much* what instrument you are trading, perhaps excluding single stocks. (See for example Taleb's green lumber fallacy.) The underlying is not as important as you think. On the other hand, another (not contradictory) truth about investing (less about algo trading) is that return on equity (when investing in stocks/funds) matters more than initial price paid (e.g., German stocks, or value stocks, might look "cheap", but maybe the market is being rational about long-term ROE prospects which is governed by various factors that you haven't even thought about). + +I'm thinking some people out there might be able to give me some cutting truths about ML methods, how hard this game is and *why*, etc. We all know this game is super difficult, but understanding the reasons why is important (and I mean beyond the obvious truisms like, "markets are mostly efficient" / "markets are very competitive"). +I've been investing in a TFSA since August 2020. I started on WS and quickly realized you're getting screwed on US stocks because of their conversion fee. In 6 months, I made 6% profit on my portfolio. + +I've spent countless hours and a lot of time doing DD, reading articles and checking Reddit. My US portfolio is well balanced between APPLE, FEDEX and DEERE. It's growing at a snail pace. It's difficult to spend time on FIN-reddit or Fin-Twitter and not feel like you're the one not taking risk and not making a profit. (Especially in this MEME stock era) + +On Jan 8th 2021, I added 1500$ to my WS TFSA account. I had been deepdiving and tracking CAD stocks related to BTC. If you look at my Reddit user history, I made a thread about it back then. +January 13th, I purchased 340 shares of BITF at 4.49$. + +It went up the next day to 4.98$. Didn't pull the trigger, decided to ride it out. Then BTC prices went down. It went all the way down to 2.40 on January 27th in the middle of the GME madness. I had serious doubts and really wished I had sold quickly so I could have jumped on the MEME madness. + +So I held... +and held... + +Until last Monday, for the first time since January 13th, the price was up. Figured i'd cut my loss and make a small profit. So I sold my 340 shares of BITF at 484$. Made 166$ profit. I was happy, it didnt turn into a red loss. + +With FOMO in full effect, I jumped on SCR. Where I'm currently back at around my original 1500$ investment cause of the pullback yesterday. + +Meanwhile if I had just being patient and continued with BITF. My investment would be 2713$ now. + +To everyone starting just like me, don't go chasing a quick buck. Be patient. Even when you think you've been patient enough, find some more. + +I've decided to stop looking daily at my investment and just ride this for a while. I believe in all 4 of my investments. No need to panic trade or runaround with FOMO. +The price of Rhodium has jumped a lot in the past six months, especially in January, in the international markets. + +India is moving to BSVI this year and Rhodium, Palladium and Platinum are major components of the catalytic converter. With the upcoming regulation it is inevitable that demand for rhodium will surge. + +The risk I see are: + +1. Economic collapse in India because I don't believe that the government knows what it's doing. +2. Automobile sales have declined in 2019, and demand remains sluggish. +3. Electric cars could pick up the pace in the next three years. + +In 2030, a new regulation will supposedly go in effect banning the sale of new ICE cars. While that will obviously obliterate the need of a catalytic convertor, and thus drop rhodium demand, I think a medium-term play is still possible with the metal. Definitely not the asset I would use to hedge my portfolio though. +All, + +Change will be a constant as we evolve our commerce business and launch new products through our blockchain group. After investing heavily in personnel, technology, inventory and supply chain infrastructure over the past 18 months, our focus is on achieving sustained profitability. This means eliminating excess costs and operating with an intense owner’s mentality. Everyone in the organization must become even more hands-on and embrace a heightened level of accountability for results. + +With that said, I’m getting in touch today to share three organizational updates: + +1. After making more than 600 corporate hires in 2021 and the first half of 2022, we have a stronger understanding of our transformation needs. This has positioned us to right-size headcount across several corporate departments. Today, we’re making a number of reductions to help us keep things simple and operate nimbly with the right talent in place. + +2. We’re going to be making a significant investment in our Store Leaders and field employees, who play a critical role fulfilling the needs of our customers. These individuals are, in many respects, the heart of GameStop. We’ll be sharing details regarding this investment in the coming weeks. + +3. Mike Recupero, who has served as our Chief Financial Officer since last June, is departing. Diana Jajeh, who has been our Chief Accounting Officer and possesses strong institutional knowledge of the business, has been appointed Chief Financial Officer. + +These changes will enable us to operate in a profitable manner as we execute against our strategy of pursuing sales growth in our commerce business and launching new products that empower customers within the digital asset and web3 gaming verticals. I’m confident in the team we have in place going forward, and thank you again for your continued dedication and focus. + +Regards, +Matt +Here is the video. It's the first 12 minutes. https://www.youtube.com/watch?v=u5Pp1HEKSPM. +Maybe I misunderstood, but it seems to me that he doesn't believe that one can invest their money anymore. He's an advocate for just stockpiling cash, and then getting in on big dips and selling quick. What do you guys think? +Michael Burry is the latest investor to reveal a bet against the ETF, according to Scion Asset Management's second-quarter 13F filing. Burry initiated the new position by buying $31 million worth of puts in the ARKK ETF. + +Burry's not the only one, as the Disruptive Innovation ETF has a 30-day put-to-call ratio of 1.8, meaning more people are buying bearish put options on the fund than bullish call options. + +Other investors are outright shorting shares of the ETF, with short interest currently sitting at a record high 11.63%, according to data from Koyfin. With 21.58 million shares sold short as of Friday, the bet against ARK Invest's Disruptive Innovation ETF now totals $2.6 billion. + +Burry's bet against ARK is likely tied to his conviction that Tesla is a short, given that Scion Asset Management's largest position is a $731 million put position in the electric vehicle manufacturer, representing a whopping 35% of his fund's more than $2 billion in assets under management. Burry increased his bet against Tesla by 34% in the second-quarter. + +Tesla remains Ark Invests largest position by a significant margin, with it making up nearly 11% of the ARKK ETF as of Friday. + +The ARKK ETF is down 7% year-to-date, but up 38% over the past year. The ETF was down about 3% on Monday. + +Who's side are you on? +Hello apes, + +&#x200B; + +1. If you look at the 1 year and 6 month charts for GME, it's obvious hedgies were having issues keeping the price spiking up and down between 30-40. The price was less controlled and more erratic. Lots of new laws and rules were passed in this time as we all know. +2. Between September and December the hedgies shorted but then kept the price between 25-30. +3. From December - now, hedgies have managed to short and control the price at an even 20 (for ease) but we are now seeing drops as low as 18 - which could be 15 soon enough. +4. With the ongoing recession, we must consider the possibility of the price dropping to between 10-15. + +Hedgies, with their numerous and illegal techniques have found a way to control the price (for now.) + +**Now for the important part....** + +I'm here to tell you this is their final tactic. They hope we will sell, seeing our investments fall. They hope the failing economy and worldwide recession will trick us into thinking it's time to get rid of our shares. They had a plan to slowly drop the price, making our sentiment bad - trying to drain us psychologically. The gradual decline of the share price was/is their last plan. You need to realise this. They are on their last legs. + +And we, we are unmovebale. Our skin is so thick from all the crime and let downs that we hold out of loyalty, we hold out of disgust for the system. We hold because we choose to believe in Ryan and the company. They are so scared of DRS and what happens when we lock the float. They know their clock is ticking - and that they are fucked. + +**You are all doing amazing. Keep being awesome and DRSing/booking your shares.** + +**TLDR** \- This year will be the year that we show them how strong we are. It may appear they are winning - but we are actually winning. They are scared and doing more illegal things every day to control this bomb. The more they short, the quicker we lock the float. Their tactics might scare the odd regard away - but the shareholders believe in the company and we unite against the mass crimes of the government, the banking system and the hedge funds who so desperately want us to sell our shares. We will continue to DRS and mark our shares as Book entry and they will pay for their abuse of the system. +just trying to get an idea of how other people would go about achieving this goal. obviously you will not be able to invest 100% of your income but how much or how little would you need to get there and what route would you take? would you just buy in VOO ever chance you had a dime, would you try to buy dips or invest every payday, would you spread your investments around or pick a name brand stock and stick to it or would you try to sell call options? how little per month is really the challenge here assuming you will have regular living expenses. could you do it with $300 a month? $500? +I took a break from the investing world for a little while, just wanted to stop. I'm trying to get back into the swing of things and I find the Yahoo Finance page is so much worse! It used to be pretty good at summarizing market news for the day so that I might get a general sense of what was driving the market. Now, I'm lost in a sea of sponsored content, lifestyle news (wtf?), and ridiculous load times. My god, what did they do? + +EDIT: a random dude by the name of random_dude shared an aggregator he put together in case you want to try it out: http://hotgrog.com/business/. Hope this is ok to share RD, let me know if not. + +EDIT: lots of great suggestions, thank you. The Yahoo Finance Canada site appears to be maintaining its old flavor. I've also setup a Feedly account, trying that out for a bit (linked a bunch of financial news sites). Msn money, market watch, and finviz are very good alternatives. +I admit I’m one of the ones who’s been lazy and didn’t drs more after my “test run”. That shit ends today. I will hold these bananas and keep them out of the hands of shit brokers that do not give two shits about me and are using my shares against me. Haven’t looked at the price in days. I’m truly zen in that regard. Cheers everyone +I have been looking into the negative volume prints, because I agree it's very strange. However, just to be clear, I believe in Occam's Razor, and so am still under the impression that this is a bug or data glitch. Here's what I've done so far: + +* I have two data providers for this kind of information, one for raw market data and the other for historical fundamental data. Neither shows anything strange. This was not something that came in the raw market data feeds. The historical fundamental data provider I use shows this as the last 3 days' trading volumes: + +"date": "2021-05-06", "value": 2942802.0 + +"date": "2021-05-05", "value": 1789186.0 + +"date": "2021-05-04", "value": 4007512.0 + +* I do not see negative volume bars in Fidelity or Interactive Brokers. +* I reached out to a friend who is very high up at one of the exchanges. He had the same reaction to this as I have. Here is what he said: +Corrections to the tape are rarely (if ever) done. It's mostly cancels to ensure last sale is correct. There is no "input" for a negative number. Its cancel old and insert new. +If they use like a last sale feed for api from somewhere else - well that could be a bug. Can it be corroborated with other sources? + +If this is just TD Ameritrade, then it could simply be a bug on their side. If this is seen in other discount broker platforms, then the likeliest explanation is that they are all using the same data provider and there's some unexpected data coming down the pipe via API. + +So here's what I'd ask. First, if you see this somewhere other than TDA, let us know in the comments. My friend at the exchange is interested too. + +Second, reach out to your broker if you see it and ask what's going on. Let's see what they say, and I can let you know if they're bullshitting or not. + +Finally, I still don't see the mechanism for this to be indicative of any kind of margin call. I don't mean to throw cold water on it, but if there was a margin call of any size, the only way you'd know is from news reports. It would not show up in market data. Trades wouldn't be busted at the end of the day because of no collateral, at least as far as I've ever seen. I don't claim to know everything, but I've seen trades busted before and this isn't what it would look like. + +Hope this is helpful! +What are our chances of getting a home loan as “low income” earners. My husband and I both make about $60,000 each a year ($120,000 combined) but he is classed as permanent part time and I work two casual jobs that I’ve only just started. One kid. Live in QLD. + +We have a lease that will be up in May next year and by that time I’ll have been working for a year. My husband has been in his job for like 10 years. + +Due to circumstances and medical bills we didn’t have much savings but have managed to save $10,000 so far. Also paying off some credit card debt. + +We live in a regional city where we’ll be able to get a “liveable” house for $300,000ish hopefully. I’m not interested in borrowing as much as we can, I want a smaller house and a smaller mortgage. + +Anyway, what are our chances? I’m willing to apply for any and all government schemes. Wondering about the FHSS and if that’s better than just straight saving the money in an online account? + +I just can’t handle renting anymore! +My background: I’m a scientist in my mid 40’s who got into the big data side of tech just as it took off. I worked for a few large companies, and a few small companies, both as an FTE and consultant. During one of my “no job, no consulting” periods in the late fall (notoriously hard time to find a new job as everyone is on vacation, spent their budgets, etc.) I fell deep into the bitcoin rabbit hole researching what it was, what it might become etc. I bought in a few times and sold my holdings last December (not at the peak, but close) for about 1.5M. I had saved a shit-ton of money over the years (almost 1M) because I never spend other than buying/fixing up my house. The FIRE idea was natural to me – I had an instinctual aversion to debt, simple tastes, and grew up without a lot (but didn’t feel like that was an issue). My job was not really going in a direction I liked, and I had just cashed over a million post-tax cryptobucks so I quit. I figured I’d try being unemployed, maybe call it “semi-retirement”? With all my retirement, bank, and stock accounts bundled together, including house equity I had close to 4M. + +**Reflection 1: I didn’t know what to do with myself, but I got plenty of sleep** + +It was spring. I rode my bike and forgot what day it was. I cleaned up my garage (finally!) and stayed up as late as I needed to based on what I was working on at the time. I got a few phone calls from people who knew I left my job, asking me if I wanted to work with/for them. No thanks. I had my old job call me and ask if I’d consider working in a different department on some (truly cool) new problems. Nope. Two months in I got two calls from old workmates asking me to come be their boss after some re-org. I’m flattered but Hell No. For my ego, that was nice. I had no desire at that point to do any work of any kind. I just wanted to play. A year later and I have a bit more structure, but it’s still pretty loose. + +**Reflection 2: I wasn’t sure how I’d deal with the stock market behaving poorly** + + +This was originally a "theoretically speaking" type of question I had. Well, 2018 blew that shit right up. We know the stock market didn’t do much last year from a YoY POV. As a person who tracks net worth each month, it was rough to see such large fluctuations. What a great way to see if I can hack this lifestyle. There was a brief period when I felt a bit off about what I was doing, but then I did the math again for the 300th time and learned to breathe deeply. In the end there was no panic, and I think I have a thicker skin because of the bullshit we endured (and yes, that might just be the canary in the coal mine). Just hang on tight. + +**Reflection 3: Not having a regular income stream makes managing money different** + +One of the things that has gotten me the most twisted is failing to have a large pool of instant liquidity at hand. I have not really needed it, but it’s weird to see only a couple grand in the bank. I want my money working for me, but I want to be able to make quick economic decisions at times. I used to just let my bank account grow and then shift money every so often out into investments. Now that flow is reversed and it feels really weird. I’m still not quite where I want to be – waiting on a dividend payment to shift the money around, some into a cash cushion. + +I also did not spend much last year. I was really price conscious (spent 2% instead of 3.5% allotted) and while I didn’t scrimp exactly, I also did not relax about the money. I’m working on that, much like learning to not work all the time. I keep telling myself - it’s not about the money anymore, it’s about the experience. If I want it, I should take it, because I can based on the decisions I have made, and Fate’s kindly ass-pats along the way. Quit getting twisted about the price of the thing you want on the menu. I can’t help it after being so broke for so many years in my youth/early adulthood. + +**Reflection 4: I might want to take on some work** + +In the last two weeks I have talked with a friend about starting a small company and one of my long past jobs contacted me for some creative design consulting work. I’m considering both and it really isn’t about the money – it’s about the adventure. The rate I will quote that old job will be steep, and if they balk at it then I will walk 100%. I’ve never been in that position before. I miss engaging my brain in the way I did at work – lots of moving parts, people, processes. It’s hard to find analogues outside of the employment game. Maybe I should help a political cause I care about – maybe they could put me to work in a fulfilling way. Not sure. + +That’s my 1 yr set-o-reflections – my house is clean, Goodwill inherited 15% of my accumulated stuff, the yard looks good, my bike is ready for Spring, I didn’t lose any weight yet (well, I yo-yo’d), I’m taking music lessons FINALLY, and I read more than I used to. + +Happy to answer any questions. + +I have been using the sheriff strategy but it is just for scalping. Im tired of waiting a lot for 5 pips per trade. Can you recommend me an incredible and very effective strategy for big trades? +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! + +Oil has been making a lot of money lately but none of it is being reinvested back into the business. There are very low capital expenditures due to carbon emissions, and these large profits are instead going directly to shareholders through paying down debt and buybacks. Regarding the no reinvestment and what is currently happening in Ukraine, it seems to me that oil will stay high priced for a while. What else am I missing? +Right now I put it all in a target date fund and I’m probably gonna increase my contributions soon? Should I keep putting it all in the TDF or split it with something else? +Hi, I am a new investor and was building my portfolio out for passive dividends and the common theme I found in my research was a comfortable 5% or higher returns number. However, I can’t find any info as to how should I distribute my monthly savings into XYZ stocks to get a yearly return of 5% or more. Any help in that area would be helpful. Thanks! +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. +It's a beautiful day in this neighbourhood 🤗 +Welcome everybody, I'm glad that you found some time to stop by. +Let's see what happens today. + +/ + +The US pre-market is about to open so that's it for the day! 🇺🇸 +Thank you all for being here today, we'll see each other again tomorrow! 👋 + +115 minutes in: 166.30 US-$ + +110 minutes in: 167.50 US-$ + +Some apes want me to post the prices from bottom to top, not the other way around, what do YOU think? +Please look for my comment under this post, you can vote for "New prices on top" or "Old prices on top" there, it's easier to compare this way😅 +Thank you. + +105 minutes in: 167.50 US-$ + +100 minutes in: 167.56 US-$ + +95 minutes in: 167.50 US-$ + +90 minutes in: 168.70 US-$ + +85 minutes in: 167.50 US-$ + +80 minutes in: 166.30 US-$ + +75 minutes in: 163.91 US-$ + +70 minutes in: 163.97 US-$ + +65 minutes in: 161.52 US-$ + +60 minutes in: 160.02 US-$ + +55 minutes in: 160.02 US-$ + +50 minutes in: 160.02 US-$ + +45 minutes in: 160.50 US-$ + +40 minutes in: 158.65 US-$ + +35 minutes in: 162.71 US-$ + +30 minutes in: 163.91 US-$ + +25 minutes in: 163.91 US-$ + +20 minutes in: 163.91 US-$ + +15 minutes in: 166.39 US-$ + +10 minutes in: 166.39 US-$ + +5 minutes in: 166.39 US-$ + +Starting: 166.39 US-$ + + + + + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of comradery is critical, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! +To my apes and apettes! + +Tomorrow is the day that gamestop will pay off their senior notes for 2023. They will be paying cash to rid themselves of debt, this is insanely bullish. + +Here's the link to the official annoucement: [Gamestop Announces Voluntary Early Redemption](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-voluntary-early-redemption-senior-notes-0) + +After tomorrow, when the debts have been paid, the company is legally allowed to discuss partnerships and plans for the future, so buckle up! + +&#x200B; + +Just a quick side note to everyone. + +Remember, we've seen a lot of price action on GME, A LOT of price action. We've seen swings of literally hundreds of dollars on random days, we've seen volume dry up faster than my girlfriends entry hole, we've seen the MSM attack Gamestop relentlessly. Yet we're still sideways trading at $170+. + +Gamestop hasn't really released any information about their plans or future ideas. Gamestop has given the least amount of information possible and yet we're still at way over $150 per share. Gamestop just released 3.5 million shares on to the market without ANYONE knowing! Patience my young apes, patience and we will be rewarded. + + +&#x200B; + +&#x200B; + +Rockets Rockets Rockets + +Diamonds Diamonds Diamonds + +Apes Apes Apes +Long story short, my property is an LLC and my Realtor was helping me out looking for insurance and reached out to a contact of his. They quoted me and asked if they wanted me to bind the insurance - I did not reply to the email but my Realtor did and said "Please do." I ended up going with another insurance company in the end, but apparently, him telling his contact to bind the insurance meant that I'm responsible for service until they terminated because I never paid (I didn't actually know that). + +&#x200B; + +So I have this unpaid invoice for $262 that I don't feel compelled to pay because my Realtor isn't me and isn't part of my LLC and the insurance broker didn't bother to actually confirm with me. I'm discussing this with the company but they basically don't care and just want their money. + +What can I do? What happens if I just don't pay? +Hello, + +&#x200B; + +I have a that was purchased as a primary residency and I lived it in for 5+ years and moved out and am now renting it. Am I required to tell my lender that it is no longer my primary residency? I'm pretty sure beyond a year they have no right to know, they likely want to know for risk mitigation purposes. + +Opinions? + +30 year fix conventional loan via flagstar bank +Looking for any examples if anyone had of home taken iPhone pics being replaced with professional photography and having a effect on booking rates. I thought I took good pictures and edited them nicely until my friend roasted a few of them. I used iPhone 10x. +The odds of Russia making its foreign debt payments are diminishing as bond prices fall, recession in the nation looms and various payment restrictions pile up after the invasion of Ukraine, according to Morgan Stanley & Co. + +“We see a default as the most likely scenario,” Simon Waever, the firm’s global head of emerging-market sovereign credit strategy, wrote in a Monday note. “In case of default, it is unlikely to be like a normal one, with Venezuela instead perhaps the most relevant comparison.” + +The default may come as soon as April 15, which will mark the end of a 30-day grace period on coupon payments the Russian government owes on dollar bonds due in 2023 and 2043, he said. + +source: https://www.bloomberg.com/news/articles/2022-03-07/morgan-stanley-sees-russia-set-for-venezuela-style-debt-default +I just wonder how many of us there are that really fit this profile. + + +My closest friend works at Apple and is in this situation earning 400/year but outside of him I don’t think this is a common situation. + + + +Anyway, hi to us if there are any in here. What do you guys do for fun? How much money each year do you allocate to “fun money”? Hope an extremely casual thread like this is allowed. + + +Edit: here’s a list of questions if you feel comfortable answering. + + +1. Do you have kids or want kids? If so how many? Has being rich played a role in this decision? + + +2. How do you splurge, if you do? Like what fancy car did you get or luxury service do you use? + + +3. What hobbies do you have or do you play video games? + + +4. Do you show off wealth, keep it quiet, or a combination of those two? How many of your friends know you’re a millionaire? + + +5. What age do you plan on retiring? + + +6. How much money do you want in retirement and define your needs if you want? + + +7. Did you inherit anything? + + +8. What’s your investment style. Risky stuff or like basic index funds? + + + +9. What material item do you still wish you could have but can’t comfortable get yet? + + +10. How do you feel about your success? +Since there is a lot of inquiry into how to get started with algotrading, I thought I'd throw in my own two cents' worth. + +* Studying people will take you further than studying processes. Here is a selected bibliography of biographies that might point you in some inspiring and creative directions: + * "Fortune's Formula" by William Poundstone will give you dozens of ideas for where to start in mathematical trading. Characters include Ed Thorpe, J.L. Kelly Jr., and Claude Shannon. + * "The Man Who Solved the Market" by Gregory Zuckerman will teach you about some of the most successful algo and high-frequency traders -- like Jim Simons -- this planet has seen. + * "A Man for All Markets", autobiography of Ed Thorpe, who had a remarkably inquisitive, incisive, and creative mind which he employed to exploiting opportunities caused by inefficiencies of a variety of sorts. +* Remember that computers are like bicycles for the brain, and the one thing they cannot answer is "why?". Also, you will likely have the same personal problems (and successes) if you do become wealthy. +* In the short term, the stock market is a voting machine; in the long term, it's a weighing machine. +* Do not underestimate the value of small, incremental growth over extended periods of time. Forget the notion of "Get rich quick." Thorpe lived by "Get rich slowly," and consistently outpaced the market for many decades. +* Study information theory, signals & systems, and of course statistics. I've found surprisingly little talk here of viewing the markets as signals in the most general sense. +* Finally, with information as freely available as it is today, there is really no reason you could not be an expert -- if that is your desire. + +Thanks for reading, and I hope this helps someone. Best to you -- scrimshaw\_ + +**Edit:** + +Warm thanks for all the votes, and i enjoyed all of your recommendations. + +Two more books are well worth checking out: + +Mastering Options Strategies, by the CBOE + +Great visual educational tool for those interested in learning about the derivatives market. +[http://www.cboe.com/learncenter/pdf/masteringoptionsstrategies.pdf](http://www.cboe.com/learncenter/pdf/masteringoptionsstrategies.pdf) + +The Millionaire Next Door, by Stanley & Danko + +Full of statistics and wisdom gleaned from beaucoup interviews with wealthy folks. + +[https://drive.google.com/file/d/0By08aJi3b331ZFRUc0JvQzlRWnV6TnZGQVR0V2plUQ/view](https://drive.google.com/file/d/0By08aJi3b331ZFRUc0JvQzlRWnV6TnZGQVR0V2plUQ/view) +Hello Apes! Nice to "meet" you all. We love you, and we are here to make sure your wants/needs are represented on the Hill and at the Agencies. You should be proud that YOU APES are the ones who "Ripped the Curtain Back" as DK says in *Gaming Wall Street.* And as much as you need us fighting for you, we need you, too! Let your voice be heard – APES ARMY UP – and start flooding the SEC with Comment Letters. Go to our Get Involved page: [https://bettermarkets.org/get-involved/](https://bettermarkets.org/get-involved/). We've posted upcoming rules that are important to retail investors, a summary of those rules, along with a downloadable template to get you started. Dave Lauer's website also has resources to learn how to file at [https://www.urvin.finance/advocacy](https://www.urvin.finance/advocacy). Don't feel intimidated! No need to have a wrinkly brain like DK or our other SMEs to submit one. + +*Edit: This post was submitted by staffer Natalie Shotts, but please know Dennis is seeing and reading your comments.* + +https://reddit.com/link/td7th9/video/zawu2u27t5n81/player +I, like many others find this whole Mt.Gox debacle very suspicious. Information surrounding Karpeles, 2bitidiot's leak, and US subpoenas is all quite vague and none of it seems to match up. We have been given ZERO conclusive information on how the bitcoins were stolen or even how long ago. + +I implore everyone in this community to not just settle for this frog march of Karpeles. With bitcoin we have the ability to PROVE where these coins are. + +The elephant in the room is that 800k bitcoin DO NOT just disappear without a trail on the blockchain. We have this ground breaking public ledger technology, lets not take it for granted. + +Demand proof! If Gox has control of these coins or not, the BTC MUST be accounted for. Do not let this go by the wayside. If Mt gox is not able to provide us with this proof not one person should believe the official story. + + +**EDIT: I did not lose bitcoin in MtGox. I am merely trying to spread awareness of the power blockchain has to prove or disprove claims people make about bitcoins being stolen. There are many class action lawsuits being brought against MtGox and this ability to trace the coins needs to be included in the trial.** + +https://www.bloomberg.com/news/articles/2022-02-10/traders-now-betting-at-least-one-fed-hike-will-be-supersized + +In the last few days the bond markets have gone from expecting one 25 basis rate hike by the next scheduled FOMC meeting, to almost certainty that there will be a 50 basis rate hike by the next scheduled FOMC meeting. + +https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html + +The bond market is expecting either an unscheduled rate hike or a super sized rate hike in the next scheduled meeting. +Guten Morgen to this global band of Apes! 👋🦍 + +This weekend was refreshingly free of FUD and drama, which is honestly a bit surprising to me. +There is no doubt in my mind that the Institutional Shorts are in crisis mode at this moment. +Their gambit to treat the split by dividend as a normal forward split has been revealed, and it is only a matter of time before the pressure from all sides ruins their plan. +Apes are applying their part of the pressure, and GameStop's clarification on Friday gives us all the more reason to keep it up. +While I had expected the SHFs to dial up the FUD machine to try to reverse the momentum, perhaps they have seen in the past that it only makes us more motivated. +The rate of share DRSing has certainly gone up significantly following their most recent intense FUD campaign. + +The thing is, there is no way for them to stop us. + +If they don't FUD us aggressively, we still know that DRSing shares is the surest way to HODL our shares safely while simultaneously increasing the pressure on the Shorts. +The fact that SO MANY SHARES are held at ComputerShare is very much the reason why I believe that the DTCC changed the split instructions. +They were already low on ammo, but their pittance of a splividend share allocation would barely make a dent in their obligation to deliver dividend shares. +By changing the dividend mechanism, they thought they could avoid the obligation in the first place. + +I am still not sure where things stand in the German Markets. +I believe that most brokers have changed back to a normal forward split, but clearly GameStop's message could impact that. +Whatever happens, the energy of this moment is infectious, and closing above $40 last week (or $160 pre-split) is an important achievement. +The Shorts are bleeding, and we have incredible momentum. + +I cannot wait to see what today brings. + +Today is Monday, August 8th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$40.18 / 39,27 €** *(volume: 17378)* +- 🟥 115 minutes in: $40.18 / 39,27 € *(volume: 17099)* +- 🟥 110 minutes in: $40.20 / 39,29 € *(volume: 16823)* +- 🟥 105 minutes in: $40.23 / 39,31 € *(volume: 16822)* +- 🟩 100 minutes in: $40.32 / 39,41 € *(volume: 16027)* +- 🟥 95 minutes in: $40.21 / 39,30 € *(volume: 14273)* +- 🟩 90 minutes in: $40.22 / 39,31 € *(volume: 14064)* +- 🟥 85 minutes in: $40.22 / 39,31 € *(volume: 13642)* +- 🟥 80 minutes in: $40.23 / 39,31 € *(volume: 13039)* +- 🟩 75 minutes in: $40.30 / 39,38 € *(volume: 10864)* +- 🟥 70 minutes in: $40.27 / 39,35 € *(volume: 10475)* +- 🟥 65 minutes in: $40.34 / 39,42 € *(volume: 9492)* +- 🟩 60 minutes in: $40.43 / 39,51 € *(volume: 7053)* +- 🟩 55 minutes in: $40.10 / 39,19 € *(volume: 5888)* +- 🟩 50 minutes in: $40.10 / 39,18 € *(volume: 5720)* +- 🟥 45 minutes in: $40.09 / 39,18 € *(volume: 5278)* +- 🟥 40 minutes in: $40.12 / 39,20 € *(volume: 4754)* +- 🟩 35 minutes in: $40.12 / 39,21 € *(volume: 4460)* +- ⬜ 30 minutes in: $40.07 / 39,16 € *(volume: 4165)* +- ⬜ 25 minutes in: $40.07 / 39,16 € *(volume: 3885)* +- ⬜ 20 minutes in: $40.07 / 39,16 € *(volume: 3820)* +- 🟩 15 minutes in: $40.07 / 39,16 € *(volume: 3566)* +- 🟥 10 minutes in: $39.61 / 38,71 € *(volume: 2604)* +- 🟩 5 minutes in: $39.78 / 38,88 € *(volume: 1791)* +- 🟥 0 minutes in: $39.73 / 38,83 € *(volume: 928)* +- 🟩 US close price: $40.02 / 39,11 € *($40.16 / 39,25 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0233. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Right outside one of the fastest growing metros in midwest (Columbus Ohio). + + +46 total trailer spots + 6,000 sqft warehouse. + + +Former owner spent as much as he could to meet EPA compliance on the private wastewater plant. Runs great now but the expense set him back so severely that the best option was to sell (He bought a hotel & trailer park at the same time, and the hotel needs less investment to reach maximum potential). + + +16 of 46 slots have trailers in them (Part of contract called for all condemned trailers to be tore down, which was 12 total). Of the remaining 16 slots, 4 need some rehab, 12 are rented and producing income, but a few of the tenants should be evicted as they're constant late pays & cause trouble w/ other tenants. + + +$4k/mo 3mo average revenue at 12 trailers + warehouse. +At full occupancy with rented trailers over just rented spaces (Non park owned trailers) we've got it penciled in at around $26k/mo. Also looking at opening on-premise coin-op laundry, as I've got a decent bit of experience already in that, along with food/drink vending. + + +Purchase price was $325k with the seller carrying a note at 7% interest for $100k of the purchase price, 15yr amortization. At our projected full occupancy, plus an estimated cost of $300k to bring the park up to where it SHOULD be, it should produce a very reasonable return as park operational costs should be low. + + +There's extra land that was included in the park, zoned industrial with tons of flexibility, so we're also looking at adding storage lockers/units as they're also in high demand. + + +So , having said all this, what would be important for YOU to see in the renovation of a trailerpark deal like this? I've been taking as much video of the process as possible in order to put together a video series of the entire rehab process, bringing in trailers and getting it up to steam. I Realize the finance aspect of most larger projects is like black magic to most, so I've already documented that a ton, or at least as far as I can in terms of videography. +I'm 19 years old, after taking a year off from school I decided not to go. Honestly I need to move out asap, my mom, grandmother, and I live in a 2 bedroom apartment that has a roach infestation. (My mother owns the apartment). + +My mom doesn't want me to go, but honestly I can't take it anymore. The roaches are getting to me, they're all over the kitchen and slowly spreading towards my bedroom. I've been stressing like crazy, I don't want to eat, I don't want to be at home, I have no social life, I couldn't even hope to get into a relationship as the bottom feeder I am atm. + +&#x200B; + +My mom wanted me to go to college but I'm already pinching pennies as is. I pay the internet bill, and for my own food atm. I think I'd probably kill myself If I had to live here for another 3 years while I payed off student loans, worked and went to school. + +&#x200B; + +As of right now I'm making around 2-300/week, and spend 100+20/month for internet and gym membership. I do my own cooking and rarely eat out. I spend prob around 2-400 a month on food, closer to 250 if I'm anal about spending. + +I'm looking for a full time night shift job atm that I could do in addition to my current grocery store job. My mom and I share a car atm, she works from 6am-4pm weekdays, So i usually go to work when she comes back, that is also the reason I am looking for a night shift job. If I can get enough consistent income to take out a cheap car loan I'd feel capable of moving out. + +Honestly I've wasted too much money on weed in the past, I'm willing to admit it. I also don't want to spend money on weed until I'm in a comfortable position. + +My short term goals are, Get a full time night shift job, Take out a car loan, rent a cheap apartment. I've been looking near where I live atm and studios are cheapest 700, some two bedrooms are 1000, so If i got a roomate that would be around 500. + +&#x200B; + +If i can achieve those 3 goals I'll be in a much better place mentally. My mental health is not in the best spot rn, I've had my highs and lows, but I haven't felt this down in a while. All I want is my own apartment, car, and a steady job. That way I can feel less socially restricted, and use my free time to date and pursue my side hustle. + +&#x200B; + +ps. Dont have a credit card only debit. I use capital one + +TLDR; want to move out. 1K savings, Not going to school, no car, only part time job, make roughly 300/week. Please help. +So I’m enforcing my dividend portfolio to end the year with a solid portfolio that I can slowly build upon. Deciding to add 6K towards this. Currently I have the following (stock:#ofshares): + +MAIN - 5 +O - 10 +SPHD - 15 +SPY - 10 (not really dividends but for long term play) + +Haven’t focused much on building dividends out. But I thought I’d start now. Would like this portfolio to maybe a mix of dividends/etfs for long term play (20+ years) + +Thoughts on mixing both etfs and dividends into 1 portfolio and the top 5 stocks you’d want to add within the dividend portfolio. + +Cheers and happy holidays! + +Edit - thanks everyone for commenting their thoughts love this community an support! +[Post 1: Basics: CALL, PUT, exercise, ITM, ATM, OTM](https://www.reddit.com/r/investing/comments/hdft5z/how_to_not_get_ruined_with_options_part_1_of_4/) + +[Post 2: Basics: Buying and Selling, the Greeks](https://www.reddit.com/r/investing/comments/hdg9xc/how_to_not_get_ruined_with_options_part_2_of_4/) + +**Post 3a: Simple Strategies** + +[Post 3b: Advanced Strategies](https://www.reddit.com/r/investing/comments/hgp05y/how_to_not_get_ruined_with_options_part_3b_of_4/) + +[Post 4a: Example of trades (short puts, covered calls, and verticals)](https://www.reddit.com/r/investing/comments/hlb9ns/how_to_not_get_ruined_with_options_part_4a_of_4/) + +[Post 4b: Example of trades (calendars and hedges)](https://www.reddit.com/r/investing/comments/hu8uh9/how_to_not_get_ruined_with_options_last_post_part/) + +`---` + +Ok. So I lied. This post was getting way too long, so I had to split in two (3a and [3b](https://www.reddit.com/r/investing/comments/hgp05y/how_to_not_get_ruined_with_options_part_3b_of_4/)) + +In the previous posts [1](https://www.reddit.com/r/investing/comments/hdft5z/how_to_not_get_ruined_with_options_part_1_of_4/) and [2](https://www.reddit.com/r/investing/comments/hdg9xc/how_to_not_get_ruined_with_options_part_2_of_4/), I explained how to buy and sell options, and how their price is calculated and evolves over time depending on the share price, volatility, and days to expiration. + +In this post 3a (and the next [3b](https://www.reddit.com/r/investing/comments/hgp05y/how_to_not_get_ruined_with_options_part_3b_of_4/)), I am going to explain in more detail how and when you can use multiple contracts together to create more profitable trades in various market conditions. + +Just a reminder of the building blocks: + +You expect that, by expiration, the stock price will … + +... go up more than the premium you paid → Buy a call + +… go down more than the premium you paid → Buy a put + +... not go up more than the premium you got paid → Sell a call + +... not go down more than the premium you got paid → Sell a put + +**Buying Straight Calls:** + +But why would you buy calls to begin with? Why not just buy the underlying shares? Conversely, why would you buy puts? Why not just short the underlying shares? + +Let’s take long shares and long calls as an example, but this applies with puts as well. + +If you were to buy 100 shares of the company ABC currently trading at $20. You would have to spend $2000. Now imagine that the share price goes up to $25, you would now have $2500 worth of shares. Or a 25% profit. + +If you were convinced that the price would go up, you could instead buy call options ATM or OTM. For example, an ATM call with a strike of $20 might be worth $2 per share, so $200 per contract. You buy 10 contracts for $2000, so the same cost as buying 100 shares. Except that this time, if the share price hits $25 at expiration, each contract is now worth $500, and you now have $5000, for a $3000 gain, or a 150% profit. You could even have bought an OTM call with a strike of $22.50 for a lower premium and an even higher profit. + +But it is fairly obvious that this method of buying calls is a good way to lose money quickly. When you own shares, the price goes up and down, but as long as the company does not get bankrupt or never recovers, you will always have your shares. Sometimes you just have to be very patient for the shares to come back (buying an index ETF increases your chances there). But by buying $2000 worth of calls, if you are wrong on the direction, the amplitude, or the time, those options become worthless, and it’s a 100% loss, which rarely happens when you buy shares. + +Now, you could buy only one contract for $200. Except for the premium that you paid, you would have a similar profit curve as buying the shares outright. You have the advantage though that if the stock price dropped to $15, instead of losing $500 by owning the shares, you would only lose the $200 you paid for the premium. However, if you lose these $200 the first month, what about the next month? Are you going to bet $200 again, and again… You can see that buying calls outright is not scalable long term. You need a very strong conviction over a specific period of time. + +**How to buy cheaper shares? Sell Cash Covered Put.** + +Let’s continue on the example above with the company ABC trading at $20. You may think that it is a bit expensive, and you consider that $18 is a more acceptable price for you to own that company. + +You could sell a put ATM with a $20 strike, for $2. Your break-even point would be $18, i.e. you would start losing money if the share price dropped below $18. But also remember that if you did buy the shares outright, you would have lost more money in case of a price drop, because you did not get a premium to offset that loss. If the price stays above $20, your return for the month will be 11% ($200 / $1800). + +Note that in this example, we picked the ATM strike of $20, but you could have picked a lower strike for your short put, like an OTM strike of $17.50. Sure, the premium would be lower, maybe $1 per share, but your break-even point would drop from $18 to $16.50 (only 6% return then per month, not too shabby). + +The option trade will usually be written like this: + +SELL -1 ABC 100 17 JUL 20 17.5 PUT @ 1.00 + +This means we sold 1 PUT on ABC, 100 shares per contract, the expiration date is July 17, 2020, and the strike is $17.5, and we sold it for $1 per share (so $100 credit minus fees). + +With your $20 short put, you will get assigned the shares if the price drops below $20 and you keep it until expiration, however, you will have paid them the equivalent of $18 each (we’ll actually talk more about the assignment later). If your short put expires worthless, you keep the premium, and you may decide to redo the same trade again. The share price may have gone up so much that the new ATM strike does not make you comfortable, and that’s fine as you were not willing to spend more than $18 per share, to begin with, anyway. You will have to wait for some better conditions. + +This strategy is called a cash covered put. In a taxable account, depending on your broker, you can have it on margin with no cash needed (you will need to have some other positions to provide the buying power). Beware that if you don’t have the cash to cover the shares, it is adding some leverage to your overall position. **Make sure you account for all your potential risks at all times.** The nice thing about this position is that as long as you are not assigned, you don’t actually need to borrow some money, it won’t cost you anything. In an IRA account, you will need to have the cash available for the assignment (remember in this example, you only need $1800, plus trading fees). + +**Let’s roll!** + +Now one month later, the share price is between $18 and $22, there are few days of expiration left, and you don’t want to be assigned, but you want to continue the same process for next month. You could close the current position, and reopen a new short put, or you could in one single transaction buy back your current short put, and sell another put for next month. Doing one trade instead of two is usually cheaper because you reduce the slippage cost. The closing of the old position and re-opening of a new short position for the next expiration is called rolling the short option (from month to month, but you can also do this with weekly options). + +The croll can be done a week or even a few days before expiration. Remember to avoid expiration days, and be careful being short an option on ex-dividend dates. When you roll month to month with the same strike, for most cases, you will get some money out of it. However, the farther your strike is from the current share price, the less additional premium you will get (due to the lower extrinsic value on the new option), and it can end up being close to $0. At that point, given the risk incurred, you may prefer to close the trade altogether or just be assigned. During the roll, depending on if the share price moved a bit, you can adjust the roll up or down. For example, you buy back your short put at $18, and you sell a new short put at $17 or $19, or whatever value makes the most sense. + +**Assignment** + +Now, let’s say that the share price finally dropped below $20, and you decided not to roll, or it dropped so much that the roll would not make sense. You ended up getting your shares assigned at a strike price of $18 per share. Note that the assigned share may have a current price much lower than $18 though. If that’s the case, remember that you earned more money than if you bought the shares outright at $20 (at least, you got to keep the $2 premium). And if you rolled multiple times, every premium that you got is additional money in your account. + +**Want to sell at a premium? Sell Covered Calls.** + +You could decide to hold onto the shares that you got at a discount, or you may decide that the stock price is going to go sideways, and you are fine collecting more theta. For example, you could sell a call at a strike of $20, for example for $1 (as it is OTM now given the stock price dropped). + +SELL -1 ABC 100 17 JUL 20 20 CALL @ 1.00 + +When close to the expiration time, you can either roll your calls again, the same way that you rolled your puts, as much as you can, or just get assigned if the share price went up. As you get assigned, your shares are called away, and you receive $2000 from the 100 shares at $20 each. Except that you accumulated more money due to all the premiums you got along the way. + +This sequence of the short put, roll, roll, roll, assignment, the short call, roll, roll, roll, is called the wheel. + +It is a great strategy to use when the market is trading sideways and volatility is high (like currently). It is a low-risk trade provided that the share you pick is not a risky one (pick a market ETF to start) perfect to get create some income with options. There are two drawbacks though: + +* If the share dropped too much, you are stuck with it. + +You will have to be patient for the share to go back up, but often you can end up with many shares at a loss if the market has been tanking. As a rule of thumb, if I get assigned, I never ever sell a call below my assignment strike minus the premium. In case the market jumps back up, I can get back to my original position, with an additional premium on the way. Market and shares can drop like a stone and bounce back up very quickly (you remember this March and April?), and you really don’t want to lock a loss. + +Here is a very quick example of something to not do: Assigned at $18, current price is $15, sell a call at $16 for $1, share goes back up to $22. I get assigned at $16. In summary, I bought a share at $18, and sold it at $17 ($16 + $1 premium), I lost $1 between the two assignments. That’s bad. + +* If the share goes up too fast, you missed some opportunity for gain, potentially big gains. + +You will have to find some other companies to do the wheel on. If it softens the blow a bit, your retirement account may be purely long, so you’ll not have totally missed the upside anyway. + +A short put is a bullish position. A short call is a bearish position. Alternating between the two gives you a strategy looking for a reversion to the mean. Both of these positions are positive theta, and negative vega (see part 2). + +Now that I explained the advantage of the long calls and puts, and how to use short calls and puts, we can explore a combination of both. + +**Verticals** + +Most option beginners are going to use long calls (or even puts). They are going to gain some money here and there, but for most parts, they will lose money. It is worse if they profited a bit at the beginning, they became confident, bet a bigger amount, and ended up losing a lot. They either buy too much (50% of my account on this call trade that can’t fail), too high of a volatility (got to buy those NKLA calls or puts), or too short / too long of an expiration (I don’t want to lose theta, or I overspent on theta). + +As we discussed earlier, a straight long call or put is one of the worst positions to be in. You are significantly negative theta and positive vega. But if you take a step back, you will realize that not accounting for the premium, buying a call gives you the upside of stock up to the infinity (and buying a put gives you the upside of the stock going to $0). But in reality, you rarely are betting that the stock will go to infinity (or to $0). You are often just betting that the stock will go up (or down) by X%. Although the stock could go up (or down) by more than X%, you intuitively understand that there is a smaller chance for this to happen. Options are giving you leverage already, you don’t need to target even more gain. + +**More importantly, you probably should not pay for a profit/risk profile that you don’t think is going to happen.** + +Enter verticals. It is a combination of long and short calls (or puts). Say, the company ABC trades at $20, you want to take a bullish position, and the ATM call is $2. You probably would be happy if the stock reaches $25, and you don’t think that it will go much higher than that. + +You can buy a $20 call for $2, and sell a $25 call for $0.65. You will get the upside from $20 to $25, and you let someone else take the $25 to infinity range (highly improbable). The cost is $1.35 per share ($2.00 - $0.65). + +BUY +1 VERTICAL ABC 100 17 JUL 20 20/25 CALL @ 1.35 + +This position is interesting for multiple reasons. First, you still get the most probable range for profitability ($20 to $25). Your cost is $1.35 so 33% cheaper than the long call, and your max profit is $5 - $1.35 = $3.65. So your max gain is 270% of the risked amount, and this is for only a 25% increase in the stock price. This is really good already. You reduced your dependency on theta and vega, because the short side of the vertical is reducing your long side’s. You let someone else pay for it. + +Another advantage is that it limits your max profit, and it is not a bad thing. Why is it a good thing? Because it is too easy to be greedy and always wanting and hoping for more profit. The share reached $25. What about $30? It reached $30, what about $35? Dang it dropped back to $20, I should have sold everything at the top, now my call expires worthless. But with a vertical, you know the max gain, and you paid a premium for an exact profit/risk profile. As soon as you enter the vertical, you could enter a close order at 90% of the max value (buy at $1.35, sell at $4.50), good till to cancel, and you hope that the trade will eventually be executed. It can only hit 100% profit at expiration, so you have to target a bit less to get out as soon as you can once you have a good enough profit. This way you lock your profit, and you have no risk anymore in case the market drops afterwards. + +These verticals (also called spreads) can be bullish or bearish and constructed as debit (you pay some money) or credit (you get paid some money). The debit or credit versions are equivalent, the credit version has a bit of a higher chance to get assigned sooner, but as long as you check the extrinsic value, ex-dividend date, and are not too deep ITM you will be fine. I personally prefer getting paid some money, I like having a bigger balance and never have to pay for margin. :) + +Here are the 4 trades for a $20 share price: + +CALL BUY 20 ATM / SELL 25 OTM - Bullish spread - Debit + +CALL BUY 25 OTM / SELL 20 ATM - Bearish spread - Credit + +PUT BUY 20 ATM / SELL 25 ITM - Bullish spread - Credit + +PUT BUY 25 ITM / SELL 20 ATM - Bearish spread - Debit + +Because both bullish trades are equivalent, you will notice that they both have the same profit/risk profile (despite having different debit and credit prices due to the OTM/ITM differences). Same for the bearish trades. Remember that the cost of an ITM option is greater than ATM, which in turn is greater than an OTM. And that relationship is what makes a vertical a credit or a debit. + +I understand that it can be a lot to take in. Let’s take a step back here. I picked a $20/$25 vertical, but with the share price at $20, I could have a similar $5 spread with $15/$20 (with the same 4 constructs). Or instead of 1 vertical $20/$25, I could have bought 5 verticals $20/$21. This is a $5 range as well, except that it has a higher probability for the share to be above $21. However, it also means that the spread will be more expensive (you’ll have to play with your broker tool to understand this better), and it also increases the trading fees and potentially overall slippage, as you have 5 times more contracts. Or you could even decide to pick OTM $25/$30, which would be even cheaper. In this case, you don’t need the share to reach $30 to get a lot of profit. The contracts will be much cheaper (for example, like $0.40 per share), and if the share price goes up to $25 quickly long before expiration, the vertical could be worth $1.00, and you would have 150% of profit without the share having to reach $30. + +If you decide to trade these verticals the first few times, look a lot at the numbers before you trade to make sure you are not making a mistake. With a debit vertical, the most you can lose per contract is the premium you paid. With a credit vertical, the most you can lose is the difference between your strikes, minus the premium you received. + +**One last but important note about verticals:** + +If your short side is too deep ITM, you may be assigned. It happens. If you bought some vertical with a high strike value, for example: + +SELL +20 VERTICAL SPY 100 17 JUL 20 350/351 PUT @ 0.95 + +Here, not accounting for trading fees and slippage, you paid $0.95 per share for 20 contracts that will be worth $1 per share if SPY is less than $350 by mid-July, which is pretty certain. That’s a 5% return in 4 weeks (in reality, the trading fees are going to reduce most of that). Your actual risk on this trade is $1900 (20 contracts \* 100 shares \* $0.95) plus trading fees. That’s a small trade, however the underlying instrument you are controlling is much more than that. + +Let’s see this in more detail: You enter the trade with a $1900 potential max loss, and you get assigned on the short put side (strike of $350) after a few weeks. Someone paid expensive puts and exercised 20 puts with a strike of $350 on their existing SPY shares (2000 of them, 20 contracts \* 100 shares). You will suddenly receive 2000 shares on your account, that you paid $350 each. Thus your balance is going to show -$700,000 (you have 2000 shares to balance that). + +If that happens to you: **DON’T PANIC. BREATHE. YOU ARE FINE.** + +You owe $700k to your broker, but you have roughly the same amount in shares anyway. You are STILL protected by your long $351 puts. If the share price goes up by $1, you gain $2000 from the shares, but your long $351 put will lose $2000. Nothing changed. If the share price goes down by $1, you lose $2000 from the shares, but your long $350 put will gain $2000. Nothing changed. Just close your position nicely by selling your shares first, and just after selling your puts. Some brokers can do that in one single trade (put based covered stock). Don’t let the panic set in. Remember that you are hedged. Don’t forget about the slippage, don’t let the market makers take advantage of your panic. Worst case scenario, if you use a quality broker with good customer service, call them, and they will close your position for you, especially if this happens in an IRA. + +The reason I am insisting so much on this is because of last week’s [event](https://www.thestreet.com/investing/young-robinhood-trader-kills-himself-over-730000-loss). Yes, the RH platform may have shown incorrect numbers for a while, but before you trade options you need to understand the various edge cases. Again if this happens to you, don’t panic, breathe, and please be safe. + +This concludes my post 3a. We talked about the trade-offs between buying shares, buying calls instead, selling puts to get some premium to buy some shares at a cheaper price, rolling your short puts, getting your puts assigned, selling calls to get some additional money in sideways markets, rolling your short calls, having your calls assigned too. We talked about the wheel, being this whole sequence spanning multiple months. After that, we discussed the concept of verticals, with bullish and bearish spreads that can be either built as a debit or a credit. + +And if there is one thing you need to learn from this, avoid buying straight calls or puts but use verticals instead, especially if the volatility is very high. And do not ever sell naked calls, again use verticals. + +The [next](https://www.reddit.com/r/investing/comments/hgp05y/how_to_not_get_ruined_with_options_part_3b_of_4/) post will explain more advanced and interesting option strategies. + +`---` + +[Post 1: Basics: CALL, PUT, exercise, ITM, ATM, OTM](https://www.reddit.com/r/investing/comments/hdft5z/how_to_not_get_ruined_with_options_part_1_of_4/) + +[Post 2: Basics: Buying and Selling, the greeks](https://www.reddit.com/r/investing/comments/hdg9xc/how_to_not_get_ruined_with_options_part_2_of_4/) + +**Post 3a: Simple Strategies** + +[Post 3b: Advanced Strategies](https://www.reddit.com/r/investing/comments/hgp05y/how_to_not_get_ruined_with_options_part_3b_of_4/) + +[Post 4a: Example of trades (short puts, covered calls, and verticals)](https://www.reddit.com/r/investing/comments/hlb9ns/how_to_not_get_ruined_with_options_part_4a_of_4/) + +[Post 4b: Example of trades (calendars and hedges)](https://www.reddit.com/r/investing/comments/hu8uh9/how_to_not_get_ruined_with_options_last_post_part/) +Hi, I live in Central Texas and I've been thinking about buying my first rental property. As many of you might know, the housing market in Austin is pretty crazy right now and buyers are having to offer up to 20% more for houses to compete with other buyers. So, I don't want to pay more than the already overpriced condos/houses' worth in Austin. Does anyone have any other Texas city/neighborhood recommendations where the cash flow for a rental property is semi-decent? (I just don't want to lose money, which will certainly be the case in Austin) + +I'm looking at San Antonio and Dallas where home prices aren't as nuts and I found some 3 bed places for around $200k here and there. What should I consider or avoid before purchasing a place in these two cities? Or any other place in Texas. Appreciate all input. +This is more of a relationship post, but I don’t know where else to go. I also wanted to know if others where having similar issues. For context, I’m a 33 year old male. I’m having trouble talking to people about money in the last few years. Even writing this it sounds like a giant first world, humble brag of a post. This stuff has been bother me a lot lately, since I feel like it’s a growing divide with the core people in my life. Around the time I hit the 200k and we all began hitting 30s it’s like something switched with my friends and I. We have been tight since high school, and I can talk to them about anything. They can talk to me about anything. Essential I feel like an elitist. There are two reasons why. When my friends and I talk about money, they say I just don’t understand their problems. The other one is probably my problem: when I talk about $1,000 I talk about it like they would talk about $20. + +I get their money problems and half the time I’ve been the one to point out the solution (cheapest way to do something, how credit vehicles work, or refinance routes), but somehow when it comes to me trying to talk through a monetary issue they just say “you got money”. It annoys me to no end. The reason I have money is I pay myself first, and what is left is my budget. My budget is $3k to spend a month, which is probably less then they do. In my group, I’m probably the lowest earner if stock gains aren’t included (which aren’t ever took out of the market anyway). How the hell to I get them to understand that I still have to adhere to a budget?! + +My other issue is: I don’t really think about day to day spending anymore. I mostly stick to 3k a month but I don’t feel a need to track my spending. I’ve gotten to the move in point with my gf and we were talking about budgets. It’s been kinda frustrating, because we are coming from very different places. She’s learned to live without certain things, while I’m learning it’s ok to enjoy some of my money on some luxuries. I said off handily that if we couldn’t make initial budget work I could just kick in an extra $500 a month and she told me I can’t just act like $500 has little value because that is a lot of money to her. She’s earning $34k a year and hates talking money. Despite that she’s great with money and an amazing saver. If she had chased money instead of passion for a career I have no doubt she’d FIRE before me. How do I talk about our budget in a way that’s comfortable for her, and reassure her that I view our income and spending as our money? I can bring 2k-4k to the table for our monthly expenses, but to me the question is how does she want to live preFIRE not what our budget should be? + +That’s my lame first world problem. I feel ashamed of having money lately, and I’m concerned I’m acting like an asshole about it. No one I know has a net worth over $100k including senior family members, so I don’t really have anyone in a comparable situation to ask. The easy answer would be to stop talking about money, but the only reason I’m good with money is I’ve been able to talk about it with the wonderful people in my life. I’ve adapted all their good habits and it’s got me this far. What’s everyone else’s experience? Does anyone have any useful toss for talking money? + +Edit: you’ll are the best!!! I’m taking away from this is I need to wait for them to ask for advice and stick to concepts not exact dollars. I feel kinda dumb for not figuring that out on my own, but hey I’m good with the financials not the emotions. +**This is not financial nor investment advice. These are ideas and opinions for information purposes only.** + +*This post will read bottom to top. It's easier for people to refresh the page and see edits at the top* + +**Historical supports and resistances:** + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 156.5, 162.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256.5 + +**Edit 15 4:00PM:** + +Closing around 140.79, down 0.21%. Overall a sideways and pretty quite day. + +See you all tomorrow! I'm looking forward to the end of the week. + +**Edit 14 3:55PM:** + +TTM Squeeze at 15 minutes seems to indicator a pre squeeze consolidation. Note the red dots. + +https://preview.redd.it/359z8nc8xzs61.png?width=2193&format=png&auto=webp&s=cf8fa753584cbfb49b622764a241b5cffd1b03f3 + +**Edit 13 3:01PM:** + +Power hour stream. + +[https://www.youtube.com/watch?v=C-bDZzr0thU&ab\_channel=WardenElite](https://www.youtube.com/watch?v=C-bDZzr0thU&ab_channel=WardenElite) + +**Edit 12 1:59PM:** + +So far in my opinion, the play is going as expected. + +**Edit 11 12:51PM:** + +There is a strange amount of short Puts at the 100 strike. Could either be CSPs looking to buy in after a predicted crash to around 100, or could just be someone farming premiums. Hard to say for sure. + +**Edit 10 12:49PM:** + +**zzZZZ...** + +**Edit 9 11:17AM:** + +680 strike Calls were bought today, expiring around October/November. I'm thinking it could just be a way to deal with theta time decay. The further OTM Calls have issues with time, so if the strike date is placed further, it helps a lot, though at the expense of less leverage. + +https://preview.redd.it/9zz7fvdpjys61.png?width=2486&format=png&auto=webp&s=7b3bb3125402473c7a2318a2208788729d089b7e + +**Edit 8 11:15AM:** + +Bid ask spread getting tighter. We're trading tightly above VWAP. Volume <10k per minute candle. Expect a bit of sideways action for midday. + +**Edit 7 10:38AM:** + +Slight megaphone pattern followed by a pullback to the 140 support. + +https://preview.redd.it/ek701bzpcys61.png?width=2142&format=png&auto=webp&s=26ef6403472195c4e727ba0327778b6c11b4181c + +**Edit 6 10:26AM:** + +Wow. Rally to 145. Around 100k volume per minute candle. Somebody bought a ton. + +**Edit 5 10:08AM:** + +Couple Puts bought around 135 strike. Nothing major. + +https://preview.redd.it/gbmv4lce7ys61.png?width=2448&format=png&auto=webp&s=61810724252b212916123f0e0a0997debe362fbe + +**Edit 4 9:58AM:** + +Slight bounce around 132. + +Notice the slope of the stock and OBV has decreased. This is a bullish sign imo. + +https://preview.redd.it/feojy5zm5ys61.png?width=2141&format=png&auto=webp&s=80cbe94226c7ec9f991c1c34eeef8986d33af1d0 + +**Edit 3 9:37AM:** + +At this rate, we may even reach the 132.5 support. + +**Edit 2 9:31AM:** + +181k volume first minute candle on Webull. Another low volume day? + +**Edit 1 9:28AM:** + +Possible bounce around 9:50AM at 138 support. + +https://preview.redd.it/sm8xky970ys61.png?width=2136&format=png&auto=webp&s=f2019516ec72eaec4692c35bbbdd3180e2c2d7e9 + +# Begin Reading Here + +Gooooooood morning my space astronauts! + +So... McDonald's day is 4-15. + +https://preview.redd.it/1ijwg3frxxs61.png?width=680&format=png&auto=webp&s=e6c40751bd065daa9dc3da537e1b236b0dd4c566 + +Guess I won't mind waiting two days to, cough\*, celebrate McDonald's day. + +Anyways, I don't find it surprising that Sherman got the boot. The Activist Takeover is going just as planned. The transformation will take time. Those DTCC rules being fully implemented will also take time. But patience is often rewarded. + +Link to my stream: [https://www.youtube.com/watch?v=SuwCsyFbsLg&ab\_channel=WardenElite](https://www.youtube.com/watch?v=SuwCsyFbsLg&ab_channel=WardenElite) + +# Premarket Analysis + +Net sideways in the premarket. Nothing too interesting. + +https://preview.redd.it/6s0bof0gyxs61.png?width=2146&format=png&auto=webp&s=7baa08d04b00d73357771aececa201e56e26e902 + +Yesterday's volatility brought IV up a tad. Nothing too crazy though. + +https://preview.redd.it/u8ez9j98zxs61.png?width=2185&format=png&auto=webp&s=f9d0fe2b79436a2fc9c1f4e295e8e6cfeeb46fd6 +In this article: https://finance.yahoo.com/news/gratomic-becomes-debt-free-130000341.html +quotes, "With the Company cash-positive and the Aukam processing plant poised to enter commissioning in only a few weeks, Gratomic sits at a comfortable position as a leader in the global junior resource sector; unlike competitors in the industry." + +And there CEO said "Its world class team has worked hard to advance the Company and its key asset to deliver fundamental value to its shareholders. We are proud of our team's hard work and are grateful for the support of our valued shareholders. We look forward to a very interesting March and April" +Hey guys! I have a bit of an issue, and I don't know the best course of action. I (26F from Eastern Europe) am currently working a decent job in a semi-niche field (content writer/marketing specialist). I enjoy the job, and I like the people I work with. + +However, I was hired at a very low salary for that position. In the interest of anonymity I won't use exact numbers, but a friend of mine in customer support (a level below mine) makes 30% more than me. People in my department make over 60% more, as far as I've asked. I have over 3 years of experience in the field, and was pretty much offered a salary slightly bigger than what would be given to an employee who's never done it before (I know because I've been there). + +I accepted for two reasons. One, I was promised by HR that after 6 months it's standard practice to do an employee evaluation and increase the salary. Two, I am given a certain amount of money for lunch daily, which is fixed for all employees but adds a good 10% to my salary. So all good, right? + +Well, HR lied - my co-worker received no employee evaluation or even notice when he made his 6 months. I went to HR and specifically asked the day mine were up, and they said they're looking into it and will inform me IF a salary increase will happen - which they have not. Furthermore, lunch money was cut in half, so not only have I NOT received a pay raise semi-promised to me, but I am actually being paid LESS than before. + +Usually the answer would be simple - start interviewing and find a better place. That's very good advice, except my position is so niche that there aren't a lot of companies hiring in my city, and I'm unwilling to move. So let's say "switching jobs" is plan B, the nuclear option. What should be my plan A? Is there a way I can bring up to HR that I'm seriously not OK with this pay cut and would seriously like that raise without coming across as confrontational and standoffish? + +Any advice would be appreciated! + +EDIT: Okay, this blew up way above my expectations, and, sincerely, thank you everyone who answered! I can't reply to all comments, but I read them all, so I feel like I need to make a couple of additions to my post, since the same points seem echoed over and over again: + +1) "Niche" wasn't the right word to use at all, and I'm sorry, that's on me - I should have explained it better. What I meant by this is two-fold, first that there just aren't that many companies in my city who are looking to hire a content writer, and second that the company I work for is in a very niche sphere that requires a ton of knowledge about both the product we sell and the industry in general, which would be hard for a newcomer to learn. So in one way I'd face difficulties for quitting because I'm not guaranteed another position, and in another the company has no reason to fire me because it'd take at least 2 months, probably more, for someone to be "up to speed" before even being able to work. + +2) Thank you everyone who said some variation of "work a different field", I appreciate the advice, but most jobs are not for me. I don't have the skills or education to do a lot of jobs, and most other jobs won't be paid as well. I can't afford to go to school. While there are a certain set of "dream" jobs I'd certainly work (ex. movie/stage director or game dev), chances are that I will never be able to find work like that. So, for better or worse, content writing is what I'm stuck with. + +3) Yes, chances are high that the company is going under. There have been a lot of layoffs, and, without going into detail (I still value my anonymity, and a few people have gotten close to guessing where I'm from, which is scary), other big expenses have also been cut. I don't know if it's a bankruptcy or just a downsizing, but things do not look good. I will spend the evening sending out CVs and see what comes up. +About 3 months ago there was a post on AusFinance asking for reviews and insights on a Sydney based investment firm called Kosec. I didn't think much of it at the time and there was pretty low engagement with the post. + +Fast forward to last week; there was a flood of positive comments from 1 day old accounts, all using similar language and consistently praising the firm. + +The overly favourable comments *exactly* match the reviews left on Google for this firm. + +The AusFinance auto-mod catches sub spamming and bot accounts so thankfully no astro-turfing ever sees daylight. + +I rang them today to ask about this and they denied any knowledge of the (alleged) attempted manipulation, insisting they were genuine reviews. + +I would not be surprised if their Google reviews are also fake/paid for. + +I personally would not trust a firm that engaged in this type of (alleged) behaviour. Beware. +Two days ago, Ryan Cohen posted two tweets. The first was “Flatulence is the best icebreaker”, and the other was “Preferably on the first date to assess devotion”. It was speculated by many that it refers to low gas fees. + +GameStopNFT Wallet was just updated. The release notes are as follows: + +___ +V0.3.2 Release Notes + +Ramp Promotion + +Purchase ETH through Ramp with 0% fees for a limited time. + +Various bug fixes and security improvements + +Performance improvements and bug fixes impacting a small number of users. +___ + + +With how specific Ryan was in his two tweets, I am speculating that he was talking specifically about gas fees (or the lack there of) on launch of the iOS app and NFT Marketplace. + +After this wallet update, I believe that the Marketplace launch is imminent. GameStop will push their marketplace to the masses by covering fees when purchasing through Ramp. + +Just checking Ramp, fees for me to purchase 1 ETH is $1105.93 USD. Current market price is $1073.77 at the time of writing, meaning fees are ~$31. + +For every 1 ETH, GameStop is covering up to $31 of fees. Keep in mind fees vary depending on multiple factors, but that’s still a massive number! + +TLDR: MOASS tomorrow. NFT marketplace and iOS launch imminent 🚀🚀🚀 + +Edited for formatting. +Hey there, + +I catch flack a lot (both IRL and here) for referring to buggy market data as "glitches". I'm not complaining, I understand why - these anomalies clearly stand out and rightfully should be noticed - but I wanted to share my perspective on their root cause, and provide some context on them, their importance, and my history fighting this battle. + +Am I someone who is too quick to label something a "glitch?" Do I just throw the term around recklessly? Are these serious technology problems that I'm minimizing? Let’s see ... + +https://preview.redd.it/x8z3qn846sc71.png?width=623&format=png&auto=webp&s=0f8bf5a5f1275668329a2504247281e40289233c + +If only there was some way to travel back in time, and find out my long-standing stance on "glitches.” Here’s, the intro to [my statement](https://www.sec.gov/comments/4-652/4652-32.pdf) on the SEC's Technology Roundtable in 2012: + +https://preview.redd.it/hj3lhvskusc71.png?width=839&format=png&auto=webp&s=8bb74d5bdefd73e29977f3cb3efad68cca835dfd + +So .... in black and white from nearly a decade ago … the [first opportunity](https://www.sec.gov/comments/4-652/4652-32.pdf) I ever had to testify before, and present to the SEC- way back in 2012 - I accused the industry of doing EXACTLY this: Minimizing the import of - and mischaracterizing - technology glitches! + +I hadn't thought of these comments in a while which is why I’m sharing them now, but look at the difference between what I label a "glitch" on Reddit (generally speaking, I'm talking about poorly processed market data on broker or data provider platforms, and have never used the term to refer to actual market operations or data dissemination) and what the industry has attempted to label a "glitch" (Knight Capital's $440M "[glitch](https://www.henricodolfing.com/2019/06/project-failure-case-study-knight-capital.html)" when their software spammed the market, the [failure](https://money.cnn.com/2016/04/04/investing/bats-ipo-embarrassment-exchange/index.html) of BATS to IPO on their own exchange, Nasdaq's [failure](https://www.cbsnews.com/news/facebook-ipo-trading-glitch-sullies-nasdaq/) to successfully IPO Facebook, etc). + +Now, if you're interested in building SOLUTIONS like I am, take a look at my [full statement](https://www.sec.gov/comments/4-652/4652-32.pdf) outlining better tech design and development, and a system I proposed to the SEC in order to monitor trading algorithms and conduct credible surveillance of market manipulation. + +It's terrible that the platforms most retail investors have access to have these kind of display or data processing problems. I believe, however, there's a big difference between serious market infrastructure problems, and poorly designed charting / market data processing systems on websites. But know that when I call something a glitch, what I mean is that either trades that were supposed to be filtered out were not, resulting in the display of trades that look like they occurred outside of the NBBO, or to a market data system that messed up processing data and is showing data out-of-order. There have been times where I've offered to take a look at our raw data to see if we see the same problems in it, and every time I have not seen the same problems. That's how I define a glitch. And they are a persistent and pernicious problem. + +&#x200B; + +https://preview.redd.it/l2tzxb747sc71.png?width=621&format=png&auto=webp&s=08cece84814d4c4b3283a231a226630857e849fa + +Now, real quick, on to a broader point - when I try to explain how things work, I'm only trying to help focus attention on the real problems, and away from issues that, in my opinion, are either not real issues or are red herrings. + +I believe: + +* There are serious problems with shorting, short sale marking violations, FTDs piling up or being deferred through warehousing and options trades; +* Payment for order flow and retail internalization are bad for markets - a massive conflict of interest that prevents brokers from getting best execution, and which artificially widens spreads across the entire market; +* Market manipulation exists, I’ve seen it with layering and spoofing on exchanges when analyzing data in unique and proprietary ways; +* There are conflicts-of-interest nearly EVERYWHERE you look on Wall St.... +* I could go on. + +I've been fighting to change a lot of this for a while now, and I'm excited that there is such popular interest and attention to all these issues. I also believe that together we can make change happen, and that this movement is in its early stages. As many of you know I am [building something new, something exciting](https://www.reddit.com/r/UrvinFinance/comments/oo3qb8/crowdfunding_access_is_open/) \- that I don’t want to talk too much about here out of respect for sub rules - but in many respects this project will cure many of the shortcomings I’ve seen and will help empower apes and all retail investors with accurate, clean, reliable information - which, in my view, is the bedrock for prosperity. +Looks like Roth Conversions and Mega Backdoor could be going away, use impact to the FIRE community... + +--- + +House Democrats proposed a slew of changes to retirement accounts for the rich on Monday, part of a re-structuring of the tax code tied to a $3.5 trillion budget plan. + +Taken together, Democrats’ reforms aim to erode the use of retirement accounts as a perceived tax shelter for the wealthy and instead promote them as a way for low- and middle-income Americans to build a nest egg instead. + +Most of the changes would start in 2022. + +Wealthy individuals with retirement accounts exceeding $10 million would be prohibited from contributing extra savings and would have a new required minimum distribution each year, according to an outline of tax legislation unveiled Monday by the House Ways and Means Committee. +watch now +VIDEO03:23 +House Democrats propose corporate tax rate of 26.5% + +The bill would also repeal so-called Roth conversions in individual retirement accounts and 401(k)-type plans for those making more than $400,000 a year. It would also prevent savers from using the so-called “mega backdoor Roth” strategy, regardless of income level. + +Further, the legislation would prohibit individual retirement accounts from holding investments that require buyers to be accredited investors, a status generally reserved for wealthy investors. + +The proposals are part of a broader theme of raising taxes on those who earn more than $400,000 a year to help pay for education, climate, paid-leave, childcare and other measures while also making the tax code more equitable. + +They also follow Democrats’ outcry following a recent ProPublica report that Peter Thiel, a PayPal co-founder, owns a Roth IRA that had grown to $5 billion in 2019, up from less than $2,000 in 1999. + +“IRAs were designed to provide retirement security to middle-class families, not allow the super wealthy to avoid paying taxes,” Sen. Ron Wyden, D-Ore., chair of the Senate Finance Committee, said in July after a data release showing growth of “mega” IRAs. + +Democrats have narrow margins within which to pass a bill, which they aim to do with a simple majority via a budget reconciliation maneuver. + +Republicans remain staunchly opposed. Rep. Kevin Brady, R-Texas, and ranking member of the Ways and Means Committee, framed the spending as the “greatest expansion of the welfare state in our lifetimes” during a Thursday hearing, saying that it “wastes hard-earned tax dollars.” +Contribution limits + +Current law lets taxpayers make IRA contributions regardless of account size. + +However, the legislation would prohibit individuals from making more contributions to a Roth IRA or traditional IRA if the total value of their combined IRA and defined-contribution plan exceeds $10 million. (A defined-contribution plan is a 401(k) plan or other similar workplace savings plan.) + +The policy’s purpose would be “to avoid subsidizing retirement savings once account balances reach very high levels,” according to a proposal outline. + +That limit would apply to single taxpayers with more than $400,000 of taxable income. The threshold would be $450,000 for married taxpayers filing jointly and $425,000 for heads of household. +RMDs for “mega” IRAs + +Individuals whose combined traditional IRA, Roth IRA and defined-contribution retirement accounts exceed $10 million at year’s end would have to withdraw at least 50% of the excess the following year. + +Those with account totals exceeding $20 million must pull from Roth IRAs and 401(k) plans first. + +These new required minimum distributions for mega IRAs would only be required for savers whose taxable income exceeds the same thresholds identified above for the contribution limits. +Backdoor Roth + +There are income limits to contribute to Roth IRAs. In 2021, single taxpayers can’t add money to such accounts if their income exceeds $140,000. + +But current law allows for “backdoor” contributions to Roth IRAs. That can be achieved by converting a traditional IRA or Roth 401(k) account, which don’t carry income limits. (There are income limits that determine whether contributions to traditional IRAs are tax-deductible or not.) + +Savers pay tax on the conversions, but their future investment growth and retirement distributions are tax-free. + +The legislation would end the backdoor Roth IRA strategy by eliminating Roth conversions for both IRAs and workplace plans like 401(k) plans. + +The policy would apply at the same income thresholds listed above. It would count for distributions, transfers and contributions made in taxable years beginning after Dec. 31, 2031. +Mega backdoor Roth + +The so-called “mega backdoor Roth” strategy uses a similar principle to the backdoor Roth. + +The strategy lets high earners save up to $58,000 in a 401(k) plan — more than the traditional $19,500 contribution limit — using a type of after-tax 401(k) bucket. Savers then convert that savings to a Roth account, once again yielding the benefit of tax-free investment growth. + +Democrats’ legislation would end the mega-backdoor Roth by prohibiting all after-tax contributions in workplace plans and prohibiting after-tax IRA contributions from being converted to a Roth account. + +This policy would apply for everyone, regardless of income level. +Accredited investors + +Democrats’ legislation would disallow IRA investments that require the owner to have a minimum level of assets or income, or to have completed a minimum level of education or obtained a specific license or credential. + +This would apply, for example, to accredited investors seeking to buy a private investment. + +IRAs with these investments would lose their IRA status — meaning they’d lose their tax benefits. + +These rules would apply starting in 2022, but there’d be a two-year transition period for IRAs already holding these investments. +Husband has been an on-again / off-again bedridden Veteran since his 30th bday last year. Being his caregiver has been rough, but I love the shit out of him and I'd do anything to get him his life back. This money would get him to a private neurologist to deal w the possible MS the VA refuses to acknowledge, an oral sugeon to reset his jaw, and a massage therapist to help w his constant pain. Not to mention better mental health services. + +Plus I'd buy him all the anime figures he's ever dreamed of. + +I only have three shares and I'm trying not to get my hopes up. But the truth is, for some of us, any money is life-changing money. + +Also....fuck the military industrial complex and power to the apes. + +Edit: when I say we all I mean is this wonderful community of individuals who just like a stock. There is no organization and I only trade in my own interests. +Guys, have a look at this article. I have no clue who this guy is and if he is really working in the finance industry and I don’t care. + +What he says are straight forward facts in line with our DD and everyone who gives that topic publicity on LinkedIn is welcome and helping our cause to get the message out ! + +Let’s bring those crooks down and end their financial terror regime which is rigging the market for too long now. + + +https://www.linkedin.com/pulse/citadel-securities-financial-crimes-syndicate-a-p-mathew- + +Citadel Securities is a Financial Crimes Syndicate + +A.P. Mathew Click here to view A.P. Mathew’s profile +A.P. Mathew +Published Jul 27, 2021 ++ Follow + +I'm an Indian immigrant who loves the United States of America. This love resonates in the deepest caverns of my heart. I love American values and respect those who have came before me wearing the uniform. I served in the United States Marine Corps as a rifleman as a testimony to my patriotism. Like most patriots, I am committed to the American Dream for ALL AMERICANS. Upon my honorable discharge, I attended Harvard University and later on business school nearby at Bentley. + +I believe the American Dream is still viable and reachable for the average man which is why I reached for higher education. That being said I went into #finances as means of achieving this dream, while being service connected-disabled. But today I feel the American dream is jeopardized by the unscrupulous. + +I recently discovered that Citadel Securities out of Chicago and Susquehanna International Group, LLP (SIG), has been illegally naked shorting and cheating global retail investors. Citadel serves as broker, market maker and short seller to 80% of retail investors here in the U.S. and some abroad. They use a proprietary software application called Citadel Connect *which is a dark pool application. This particular application is unique because of it's clandestine features. Citadel Connect has over 8000 securities enrolled in smart-order routing and don’t have to report to FINRA. Yes you read that correctly. + +ZERO ACCOUNTABILITY through any U.S. Government financial governance agencies. All this while they serve as the Market Maker. Citadel found a financial gray area and has been exploiting it for YEARS. Essentially ripping off retail investors on a monumental scale- through market manipulation. This goes beyond the controversy with the PFOF Payment for Order Flow with discredited broker Robinhood, who was caught red handed ripping off their retail investor clients on Citadel's behalf. They have also been hiding their FTDs Failure to Delivers -which is another highly illegal tactic. + +The blatant and criminal act of market manipulation using dark pools to re-route a majority of retail buy orders, and the consistent shorting and dodging of ftds by using married puts- should be enough proof that Citadel is exploiting the MM privileges they have been granted. It's impossible to determine how much profit they have made and how much American wealth and treasure has been swindled using these illegal methods. + +But it's clear to me that either the SEC is in on the take or they really are that incompetent. I say this because somehow Citadel Securities managed to be Hedge Fund, Market Maker and an unregistered Dark Pool, and no one had said a word, not even batted an eye. + +It had previously occurred to me that this Reddit saga was tantamount to a black swan event and brushed it off. However, I recently looked up some of #XMC’s [edit by OP: I had to replace the A by an X as otherwise couldn’t post the article here....] financials and their fundamentals. $XMC has been shorted into the BILLIONS, $GME is even worse. There is not doubt in my mind that Citadel and 22 other Hedge Funds have overleveraged themselves are into a critical predicament. + +There is no way they would be able to cover their shorts. It's mathematically impossible according to the studies I've conducted. Which is probably why the DTCC came out with their "bail out" plans, an SFT (Securities Financing Transaction). This plan would essentially stop a perceived or existential market crash when the Hedge Funds in this play- get margin called. + +Additionally, it's clear to me that they must be reaching deep into their clients pocket to short the stock each week. Or they're borrowing from anyone who is silly enough to lend to them. This includes the Federal Government and their Reverse Repo. I would further venture to say that their clients would not be able to take their money out to avoid the inevitable. + +The HF's were also inclined to disrupt retail investors mentioning their predicament publicly. Just ask Peter Hann CFA or Cristhian Andrews if you have any doubts. Additionally, it can be noted Social Media personalities like Trey Trades, Matt Khors, have been silenced by getting YouTube to shut down their channels. + +These Hedge Funds have also spent BILLIONS of dollars in order to produce bad press (FUD) through their journalistic holdings like Motely Fool and Market Watch. They have been paying Finance journalist sums of money to demote XMC/GME stock as a bad investments, detering new investors. All these things I've listed are criminal acts and hence highly illegal. We still do not know why there has been no action by the SEC or any governing bodies. + +The simple truth remains- Ken Griffin is a white collar criminal and Citadel Securities is an organized crime syndicate. I would describe him in the same manner as the late and infamous Elizabethan Englishman- Lord William Pole-Tylney-Long-Wellesley, 4th Earl of Mornington. "A spendthrift, a profligate, and a gambler in his youth, he became debauched in his manhood redeemed by no single virtue, adorned by no single grace, his life will one day go out even without even so much as a flicker of repentance." + +That being said, I will make my one and only stock recommendation in my life, to you the reader. Buy XMC and GME and HOLD. +I guess this is going to fall under the "trust me bro" category but I have received 3 calls from different mortgage companies in regards to refinancing my house today. Is stuff about tank and we about Zoom to the moon? + +Now to be clear, I bought in a prime time before the big boom and locked in at a fixed 2.9% APR. + +I only answered one from some company I have never heard of, inquiring about refinancing and it can be done quicker since they do an "Online assessment" of the property and can take what I currently own on the property and "simply transfer" that balance over from my current lender. My current lender is a credit union so I wont be leaving them. + +When I asked, isnt the current interest rate going to be around 6+% they said well yes but we can give you additional cash based on our assessed value of the property as well. + +That was their pitch. They will literally "assess" online via pictures and assume your loan as well as give whatever additional amount you need off the assessed value. I feel like this is targeting people who are desperate from this inflation. I've bought and flipped a couple homes these past few years and never heard of such an "easy" process. + +I think this is going to blow right past Uranus. +&#x200B; + +https://preview.redd.it/vlqwo8cvmz571.png?width=1600&format=png&auto=webp&s=eeb70615d01a05c5aca6272357fe9868f856fef4 + +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/rpbnj4mxmz571.png?width=680&format=png&auto=webp&s=96d74672ba1b22687f2c675838bb2f0efd41b3f2 + +The Reverse repo's + +&#x200B; + +https://preview.redd.it/gqfgmsn8nz571.png?width=693&format=png&auto=webp&s=173ec398c840f498f2e5d4b5fe9e062bf00614fc + +&#x200B; + +https://preview.redd.it/c8zteoyuoz571.png?width=666&format=png&auto=webp&s=948d2ba2dd4db2670a649c5a138ca67bc2bd992c + +Nothing to see here, just 250 billion extra in RRP's + +Now there still has been some confusion as to what RRP's are or what they do so I've looked for some DD's and stumbled across some. + +[Thread one](https://www.reddit.com/r/Superstonk/comments/o08rmm/whats_the_deal_with_reverse_repos_anyway/) + +[Thread two](https://www.reddit.com/r/Superstonk/comments/o28xhx/whats_the_deal_with_reverse_repos_anyway_dd_part/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Thread three](https://www.reddit.com/r/Superstonk/comments/o1thia/reverse_repo_can_we_stop_saying_cash_is_a/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +On that same account, wtf is the FED doing? well got to love our local wrinkly brained people:[https://www.reddit.com/r/Superstonk/comments/o1y03k/wtf\_is\_the\_fed\_doing/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o1y03k/wtf_is_the_fed_doing/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +# Exponential floor + +[thanks to u\/JTH1](https://preview.redd.it/ygujgsrwoz571.png?width=960&format=png&auto=webp&s=e0d7eeaee3f4b487d4302406b98ee7aee3f219bf) + +in his words: + +**06/17 UPDATE: Some have been asking why I keep posting these charts. My rationale is that the daily low have been following a long predictable pattern in a similar manner as T+X and Elliot waves. This tells me that the daily low can somehow be used as a metric to gauge future price movements.** + +&#x200B; + +https://preview.redd.it/05o39qh4pz571.png?width=532&format=png&auto=webp&s=fd410e5da7c66c02620decde41fa8ec498d1e469 + +**A** **round of applause for the NEW Vice President of Private Label and Global Sourcing! Kevin Kennedy!** + +&#x200B; + +https://preview.redd.it/ssb52sibpz571.png?width=828&format=png&auto=webp&s=852fd3e4950aa9a1d9d0f348fccec6aeb79bff5b + +Everything remains speculative however until we've received confirmation from the exchanges that it's done, just like the ATM share offering, we think it's done, yet we are waiting for official confirmation on that before we can do anything. + +&#x200B; + +https://preview.redd.it/ma8czrotqz571.png?width=720&format=png&auto=webp&s=4e4a83de94c3f019b82c3fcf8687fbd11bcc2d8d + +Also as a side note, the EDGAR system is out today, this means the markets are still open but the EDGAR filing system (used for the forms) wont be receiving updates today and will be updated again on monday, the Edgar system is were we would normally find the 13k forms and stuff like that. + +&#x200B; + +https://preview.redd.it/pectsz85qz571.png?width=960&format=png&auto=webp&s=fa7076944ddf604cb3fc301b731c92dcc45aea4f + +[NYSE president admitted Dark pool exchanges are problematic](https://www.reddit.com/r/Superstonk/comments/o25oi1/nyse_president_admitted_dark_pool_exchanges_are/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Also u/dlauer's full segment on CNBC because CNBC likes to cut parts away. + +Thanks to u/ydnar + +[https://www.reddit.com/r/Superstonk/comments/o2958m/our\_boy\_udlauers\_full\_segment\_on\_cnbc/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o2958m/our_boy_udlauers_full_segment_on_cnbc/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +https://preview.redd.it/wj29m92dsz571.png?width=473&format=png&auto=webp&s=42b89cd53e00ec14e2588c48df37c5c299b61b2b + +# Ryan Cohen has bought shares + +This is pure speculation at this point, we didn't receive a 13f filing stating he did, we didn't receive any formal notice from GameStop. + +So everything regarding this is currently speculation as it could be easily explained away as a glitch. + +There is an entire thread [here](https://www.reddit.com/r/Superstonk/comments/o22pn0/stop_the_misinfo_ryan_cohen_has_not_bought_shares/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +# The banks are down? + +Seems the banks have been having some pretty red days in the past days, but lets take an outside view on this for once, there is a thread [here](https://www.reddit.com/r/stocks/comments/o2ajxm/if_the_fed_just_announced_theyll_raise_interest/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) in r/stocks which could give us some more "conservative" information on this subject, because we are looking at this problem from one direction, lets get another POV and lets see if it could help perhaps bring a new wrinkle. + +&#x200B; + +https://preview.redd.it/05hgtf74sz571.png?width=1916&format=png&auto=webp&s=fb573dc880a06f315bb69780f569b263f1ebea88 + +# Bloomberg terminal drop! + +[https://www.reddit.com/r/Superstonk/comments/o272h3/17062021\_gme\_bloomberg\_terminal\_information/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o272h3/17062021_gme_bloomberg_terminal_information/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +# The hidden shorts and the correlation of ftds + +[https://www.reddit.com/r/Superstonk/comments/o1sggl/the\_hidden\_shorts\_the\_correlation\_of\_ftds\_and/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o1sggl/the_hidden_shorts_the_correlation_of_ftds_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +There are also a couple of other things I want to add but I need to take care of some IRL stuff and will be adding them in a bit later, sorry for the inconvenience <3 + +&#x200B; + +https://preview.redd.it/ja64w70ysz571.png?width=554&format=png&auto=webp&s=cc483317bbec7a3df139f6853447d6be28a8429f + +# 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/doww5nvzsz571.png?width=400&format=png&auto=webp&s=b883cce7d9c03a1b9824cb7cc7c4411b5f798085 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +&#x200B; + +Edit: so finally have the time to finish this baby + +first of all the update from [@Annihil4tionGod](https://twitter.com/Annihil4tionGod) + +Short Volume Ratio Update 17. June 2021 AND a journey back in time: Short Volume Ratio Data from CBOE in 6 month timeframe since 2014. [\#GME](https://twitter.com/hashtag/GME?src=hashtag_click) [\#AMC](https://twitter.com/hashtag/AMC?src=hashtag_click) [\#SVR](https://twitter.com/hashtag/SVR?src=hashtag_click) Have a great day! 1/8 + + [https://twitter.com/Annihil4tionGod/status/1405690619218087937?s=20](https://twitter.com/Annihil4tionGod/status/1405690619218087937?s=20) + +&#x200B; + +[2015](https://preview.redd.it/lwlcoirlwz571.png?width=4096&format=png&auto=webp&s=4d8411b3a848674da4305445579572170cf03473) + +&#x200B; + +[2016](https://preview.redd.it/fawm928owz571.png?width=4096&format=png&auto=webp&s=30ccdbb129bd291efdbaf727de8fd515fbb48b78) + +&#x200B; + +[2017](https://preview.redd.it/ey1y7lxpwz571.png?width=4096&format=png&auto=webp&s=93d3c0d72d4657cf55a438c03472a31157c2e46d) + +&#x200B; + +[2018](https://preview.redd.it/thyqo4drwz571.png?width=4096&format=png&auto=webp&s=85ec29ca51dc6b95d3842a2d590daf7c5d2b34d6) + +&#x200B; + +[2019](https://preview.redd.it/w8t3mniswz571.png?width=4096&format=png&auto=webp&s=42b5afc1c7ca1aeec9cc2453417e68973ca3480b) + +Unfortunately I can't post all the images he's found due to Reddit's image limit But I'd advise checking out his twitter, [https://twitter.com/Annihil4tionGod](https://twitter.com/Annihil4tionGod) + +AG is known for doing some awesome data dives and really digging deep into it. + +Again Thank you Annihil4tionGod for your awesome contributions <3 + +AG's research into historic short data: + +[https://twitter.com/Annihil4tionGod/status/1405635801745133576?s=20](https://twitter.com/Annihil4tionGod/status/1405635801745133576?s=20) + +Showing that since 2010ish short daily volume has been at minimum 50% which is insane, how can someone look at the data and say "shorting is healthy", this is just there to destroy companies at this point. + +# More putts then shares? + +Also u/luxowoman has made a thread [here](https://www.reddit.com/r/Superstonk/comments/o25onf/deep_otm_puts_total_update_strike_at_5_max/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), showing that currently there is the ENTIRE FLOAT in puts of $12 and below, can someone wake up Gary from his nap? I know it's only his 10th week or so... + +# On todays holiday + +The EDGAR system will be closed as will the SEC be closed, everything else is open. +[https://www.dtcc.com/-/media/Files/pdf/2021/6/17/a9015.pdf](https://www.dtcc.com/-/media/Files/pdf/2021/6/17/a9015.pdf) + +&#x200B; + +Alright that's it, Have an amazing weekend everyone! +My wife and I were just talking about this this morning. I've always believed that paying off your mortgage early should be prioritized as equal or above pumping money into investments. My argument has always been more about psychological comfort and financial freedom than maximizing wealth. My wife has always felt like we could be making more money by putting it in the market. The fiscal argument is pretty clear in an era of low-interest mortgages. Part of the fiscal argument has always been: if you run into hard times and need money for your mortgage, you can pull it out of the market. + +However, we were talking about what it would be like to have a mortgage right now. If we had to pull money out of the market at this point to make a mortgage, we would take an absolute beating. We don't have a mortgage and feel incredibly fortunate. Our monthly spend is really low right now which extends our 6-month emergency fund into more like a 12-month emergency fund. + +I guess what I'm curious from all y'all is do you feel like the current situation is changing the conversation on the value of paying off a mortgage early vs. putting that money into the market? +I hear optimal DTE is 20-35 days. I’ve heard 30-45 days. + +What’s your preference and why? Does this decision change based on if you choose ITM vs OTM vs ATM? As I understand it theta decay will vary based on which strike you choose. + +Also does your DTE decision vary based on the volatility of the stock in question? + +Just wanted to see what the general thought process is when mixing/choosing DTE and strike price (ignoring if we want to get assigned or not if this is possible). I know there’s a lot of variable! + +Guess I’m trying to figure out a balance in weighing DTE, strike, Greeks, volatility etc +Would you rather buy 3 (studio/1 bedroom apartments for $250,000 each) that rent for $1,400 each (total adds up to $750,000 and $4,200 in rent) or one 3 bedroom house for $750,000 that rents for $4,200. This is in my area. And why? The ratio is the same. I’m aware I can get better returns in other states but I prefer local. +As I’m writing this post ETH is at $720 with a total valuation of approximate $69 billion as seen on [coinmarketcap] (https://coinmarketcap.com/currencies/ethereum/). + + +The price surge we’ve seen in the last days and weeks is thrilling. + + +We went from $330 to $720 in 30 days, that’s an increase of 120%. + + But the bullrun won’t last forever. + + +We might see a correction coming EOY or at least we’ll find a new support level where we consolidate. + + +*But what’s the outlook for ETHs price in 2018? And what would be the katalysts driving the price upwards?* + +* **DApps** Several DApps will go live in 2018, running thousands of contracts using ETH as gas to fuel their systems. + + +* **ETH Futures** It is more or less still a rumor that ETH will be traded on [traditional markets] (https://www.profitconfidential.com/cryptocurrency/ethereum/eth-price-forecast-17-nov-like-bitcoin/amp/) just like Bitcoin, but will come eventually. + +* **Hardcap** The Ethereum dev team is discussing to cap the total supply of ETH to anywhere between 102 and 120 million ETH. This would not only make it finite and scarce, it would also stop the "money printing" arguments. + + +* **ETH sinks/burning** The dev team around Buterin are discussing to implement “ETH-sinks” and burning ETH with contracts as a method to regulate supply and inflation. + + +* **Scaling solutions** 2018 Ethereum will address the main problem of blockchains: scaling. Several projects like Truebit, Raiden, Sharding, POS and Plasma are all being developed actively and some are even deployed on the Testnet. + + + +* **Proof of Stake** The switch from mining (PoW) to POS is the hottest topic for ETH in 2018 since it will not only make the network quicker and safer, it will also pay *2-8% annual dividends* to stakers all while saving massive amounts of energy. + + +With all the above mentioned points I’m thinking that ETH will have a successful 2018. + + +ETHs market cap is currently nearly double the market cap of the whole crypto market from January 2017. + +I think everything below $2000 per ETH EOY 2018 is an understatement. + +Every month have to demand rent. Landlord’s fault is that they been letting it slide but this time around had a decent exchange of words and made it clear that past late fees are written off but going forward late fees is due. And shamelessly they still just paid the rent and totally ignored the late fees. + +Since landlord has been letting it slide last few months, does that become the new norm/lease terms legally? The exchange of words about late fees was via text (considered in writing?) + +Best course of action? Serve a “cure the default by paying late fees or eviction” notice? Talk personally? + +Should they Stop charging late fees the day rent was paid? Lease says rent payment first covers late fees and then remaining portion goes towards rent. Late fees is not to get rich but to keep them to pay on time and miserably failing due to lack of enforcement initially. They are ok tenant keep the place super nice and clean. Just always late on rent! Ugh! +New apes are welcome here ! I've been here since Jan. 13, following all the facts & speculation, but in this post I want to mainly focus on just the facts that we know so that we can see for ourselves how everything points towards the Mother of All Short Squeezes coming in the future. (Update: Happy to say every single fact has now been linked to sources or due diligence.) + +TLDR: Absolute confirmation from the SEC that the squeeze was never squozed in the first place, and when you combine that with the absolute facts that we've collectively acquired in the past ten months (see the numbered lists below), it's clear MOASS is coming. + +&#x200B; + +1. [Gamestop in Jan. is the ONLY stock with short interest over 100%](https://www.reddit.com/r/Superstonk/comments/qavgl5/biggg_gme_is_the_only_stock_that_staff_observed/?utm_source=share&utm_medium=web2x&context=3)(confirmed by the SEC report today), with other official numbers ranging anywhere from 122% to 140% to 226% due to greedy hedge funds and market makers shorting more shares than shares outstanding. +2. [We know that short interest is self-reported through a CSV and can be easily mis-reported for a small fine.](https://www.reddit.com/r/Superstonk/comments/nlwaxv/house_of_cards_part_2/) [Source 2: official FINRA self-reporting instructions mentions submitting CSV file.](https://www.finra.org/filing-reporting/short-interest/regulation-filing-applications-instructions) +3. [Short sellers with large short positions barely bought any GME shares back during the time frame of Jan. 19 to Feb. 05, with the overwhelming majority of buy volume coming from retail investors (figure 6 of the SEC report).](https://www.reddit.com/r/Superstonk/comments/qaxehb/weve_all_read_it_most_of_us_have_understood_itbut/?utm_source=share&utm_medium=web2x&context=3) + +Simply connecting these three dots that we already knew back in Jan but is now officially confirmed by the SEC, it already seems obvious that shorts did not cover and MOASS is inevitable, but we know much more so let's keep going. + +&#x200B; + +1. [Multiple brokers completely shut off the buy button on GameStop](https://www.reddit.com/r/Superstonk/comments/mtwbal/other_brokers_that_also_restricted_gme_trading/) on Jan 27, and then continued to restrict the buying of GME for weeks (such as Robinhood only allowing people to buy 1 GME share, and didn't allow you to buy any shares if you already owned more than 3 shares.) +2. High level Robinhood and Citadel employees were in contact with each other during this time as shown in the court filings of the Robinhood lawsuit, despite Ken Griffin testifying in Congress that they absolutely did not speak to each other. [Source: Go to page 53 of the robinhood lawsuit court filing.](https://imgur.com/a/7aZtK7y) +3. Robinhood testified in Congress that they were forced to turn off the buy button due to a sudden 3am request by the NSCC to post $3billion in cash, but then the NSCC later testified in front of Congress and said that they waived that $3billion margin call and that Robinhood made their own decision internally to shut off and restrict the buy button. [Source 1: Vlad claiming he had to restrict due to margin call.](https://www.cnn.com/2021/02/01/investing/robinhood-gamestop-vlad-tenev/index.html) [Source 2: NSCC CEO testifying that the margin call was waived, start listening at 1:05](https://www.youtube.com/watch?v=IuUkB0f1ZHA) + +Knowing what we know now, this means brokers shut off the buy button simply due to retail's positive sentiment around GME. + +Plus, back in the dark times of February (before the first great ape migration to the GME subreddit,) many feared that hedge funds took the opportunity to cover once the buy button was disabled (this was the biggest FUD spread by shills back in Feb), but as we can see from figure 6 of the chart, that was absolutely not the case. From Jan 28 to Feb 5th, short seller buy volume was extremely low compared to the total buy volume (again, see figure 6 of the SEC report). Although the SEC report is nothing new, it is absolute confirmation that the squeeze play is as valid as ever, perhaps even more so due to all the buying, voting, holding, and DRS'ing the past 10 months. + +Thanks to the amazing DD in this community, we also know a few more facts: + +1. [Short sellers, historically, do not simply do nothing when a stock they are short in goes up -- in fact, they short it even harder in an attempt to stabilize the price.](https://www.reddit.com/r/Superstonk/comments/nlwqyv/house_of_cards_part_3/) +2. 97% of retail trades never hit the lit markets and instead are re-directed to off exchanges where buy orders don't impact the price. [(source: Gary Gensler).](https://www.reddit.com/r/Superstonk/comments/qapykd/97_of_all_retail_trades_are_stolen_from_lit/?utm_source=share&utm_medium=web2x&context=3) + +To me, these two points suggest retail demand was so high that the price continued rising even with the short sellers continuing to short the stock. + +Thanks to u/Criand, [we better understand how the price went past $400 back in January even though nobody was direct registering back then and the shorts were still shorting hard as the price climbed up:](https://www.reddit.com/r/Superstonk/comments/q2f3o2/theory_on_the_january_sneeze_and_how_direct/?utm_source=share&utm_medium=web2x&context=3)it's because retail buy demand was so huge that it significantly surpassed the rate shorters can continue shorting. Even though the shorters had so much ammo from the un-registered shares, Criand explained borrowed shares still needed time to settle, so they didn't have unlimited ammo -- but once the buy button was shut off, and as we now know retail was the majority of the buy demand, demand was artificially lowered, giving the shorters time replenish their supply of shortable shares, allowing them to gradually short the price down to $40 in Feb. The shorts never covered, even though self-reported SI% decreased due to the various techniques they have of hiding their true short positions. + +Now, let's briefly talk about what happened to the Company since Jan, since the SEC likes to condescendingly remind us that GME is a real company. + +&#x200B; + +1. [GameStop established two large fulfillment centers, one in Reno, NV, and one in York, PA, to vastly expand product offerings and provide faster order fulfillment.](https://gmedd.com/news/gamestop-expands-fulfillment-to-reno-mirrors-chewy/) +2. [GameStop attracted hundreds of talented executives from thriving tech companies.](https://gmedd.com/transformation/gamestop-bags-chewy-vp-of-engineering/) +3. [GameStop raised $1.7 billion in cash and is debt free.](https://news.yahoo.com/game-stop-gives-investors-16-billion-reasons-to-care-about-the-meme-trade-morning-brief-091020855.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAJBp529dm6W09XMAw60qoNq-uqXa1VHewxVEXDgUqjE736KDk1Ko6DeMBy4_vz3s1Zvck5l7_rklR0DUuJP2fkOqLuOXbJQv8IRFbBGwTBvNGfolgiAeHd-MOOPOYH_0k6FZZV-5nYQJiLeH57r8Xd-_VyYkq4zl2teJXgaJE98y) +4. [Opened a new corporate office in Boston & Seattle to find the best tech talent, and a new South Florida & Minneapolis office. ](https://gmedd.com/dd/gamestop-goes-nationwide-new-offices-expand-corporate-footprint-to-boston/) +5. [GameStop revamped their online branding and redesigned the website and mobile app with an emphasis on better user experience. ](https://gmedd.com/transformation/gamestop-quietly-reveals-new-logo-goes-under-the-radar/) +6. [GameStop formed a social media response team (SMRT) ](https://twitter.com/GMEdd/status/1375239085334364169?s=20)to engage with customers and fans on Twitter, and to remedy any complaints. GameStop also rebranded their social media with a new black and white logo. +7. [GameStop subtly refreshed their iconic red and white logo with new colors and typography. ](https://gmedd.com/transformation/gamestop-quietly-reveals-new-logo-goes-under-the-radar/) +8. GameStop has drastically improved their ability to delight customers in unexpected ways -- recently [GameStop caught attention on Twitter because a customer showed an email that GameStop had sent them](https://twitter.com/Nintendeal/status/1456023722012385283?s=20). In the email, it said that GameStop had run out of pre-owned animal crossing games, so they will instead give customers who had ordered the pre-owned games brand new games at the same price of $9.99, effectively giving customers a $50 discount on a brand new game. +9. [GameStop has drastically expanded its product offerings](https://www.reddit.com/r/Superstonk/comments/p6djfa/gamestopcom_is_closing_in_on_40000_products/?utm_source=share&utm_medium=web2x&context=3) at competitive pricing, and they now [also price match other retailers. ](https://gamerant.com/gamestop-price-matching-competitors-in-store-now/) +10. [GameStop now offers fast and free shipping for orders over $35.](https://www.reddit.com/r/Superstonk/comments/p483jf/free_shipping_on_orders_35_papa_cohen_said_dont/?utm_source=share&utm_medium=web2x&context=3) I had ordered an oculus quest strap on the app, for example, and it arrived within 2 hours because GameStop had partnered with food delivery service apps like DoorDash to pick up these orders and deliver them. +11. [GameStop improved the Power Up Pro perks such as allowing members to get early access to a limited supply of gaming consoles before scalpers had access to them.](https://twitter.com/GameStop/status/1445788683865522187?s=20) +12. [GameStop has improved the look, feel, and marketing of their brick and mortar stores, according to a GameStop employee](https://www.reddit.com/r/Superstonk/comments/qp19km/today_is_my_four_year_anniversary_as_a_gamestop/?utm_source=share&utm_medium=web2x&context=3), which is what [Ryan Cohen wanted to do after he went undercover in stores. ](https://gmedd.com/transformation/ryan-cohen-to-revitalize-retail-an-inside-look/) +13. [GameStop secures new liquidity, $500M Asset Based Credit Facility](https://gmedd.com/news/gamestop-secures-new-liquidity-500m-asset-based-credit-facility/) +14. [GameStop rebranded EB Games, a brand in Canada, back to GameStop. ](https://gmedd.com/news/ebgames-in-canada-to-rebrand-as-gamestop/) +15. [GameStop established its first US based customer service office in South Florida, hiring over 500 employees, with the office expected to be operational by the end of 2021](https://gmedd.com/news/gamestop-hiring-500-new-employees-in-south-florida/) (note: this office may be to support their new Non Fungible Token (NFT) marketplace, which will be discussed in Factor 6, because [internet sleuths discovered the domain support.nft.gamestop.com leads to a zendesk page.](https://gmedd.com/blockchain/clues-point-towards-gamestop-launching-nft-marketplace-with-leading-crypto-technology-company-loopring/)) +16. [GameStop is working on a secret NFT project with some of the most talented people coming out of retirement to work on this project.](https://gmedd.com/transformation/gamestop-to-bridge-traditional-e-commerce-and-blockchain/) + +&#x200B; + +The fundamentals on GameStop have always been strong and have only gotten stronger -- it was never actually in risk of bankruptcy even in January, as the legendary DFV pointed out, the tailwinds of the console cycle would've kept the company going for many more years anyways. I'm sure many of you have also seen the recent Linkedin article in which the author states "Fundamentally, the DCF valuation gives the stock an intrinsic value at $769, making GameStop severely undervalued." + +Finally, I'll end with two very important facts; + +&#x200B; + +1. [Computershare updated their FAQ](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies)to reveal that they give all companies the ability to see a live view of all their registered shareholders. That means GameStop and Ryan Cohen knows exactly how many shares are direct registered. Ryan Cohen sees you when you DRS! Source: See ["what are the benefits of being a registered shareholder?" in the FAQ.](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) +2. Every single share that is direct registered is exactly one share that is removed from Cede & Co(which holds the shares on behalf of the DTC). See ["How does Computershare ensure there is a balance between shares that are directly/indirectly held?" in the FAQ.](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +Thanks again to u/Criand, we know that every share that is direct registered means one less ammo the short sellers have against us. As we continue to direct register shares, Criand hypothesizes that we should see borrow rates increasing again due to the lower supply of borrowable shares. + +Regardless of how many Computershare accounts there are, we know that the number of accounts are steadily increasing, and the average shares per account is also increasing due to many people first only buying a few shares or transferring a few shares to test it out before transferring more over to Computershare. + +We also know that brokers like TD Ameritrade are struggling to send an earnest request to the DTC to transfer shares to ComputerShare, perhaps suggesting they never even owned the shares in the first place. + +That's why DRS is the way, and I'm feeling really good today thanks to all of you that have continued to examine the facts to continue to believe, hold, vote, and DRS. + +&#x200B; + +EDIT: Stay tuned, I will be gradually linking each bullet point to high quality DD or sources as soon as I have time. I just wanted to get this post out there as fast as possible for the people who are hearing about GME again thanks to the SEC report. Some people may have dismissed GameStop back in Feb. due to the FUD that the squeeze is over, but now there is absolute confirmation the squeeze has not even begun. If you'd like to help me find the sources to the numbered lists, please DM me them and I'll add it. + +Update: All the facts in this post have been link to either high quality DD or sources. +Young doc in Switzerland in my mid twenties. Saving/investing the equivalent of 5,500€ of my post-tax income every single month. + +My monthly expenses are 300€ on rent (2/3 paid by my employer) , ~250€ on basic swiss health insurances, spending 150€ on food (never eat out, enjoy cooking) , 0 to 50€ in transportation (no car, small walkable swiss town) , 0 to 100€ in leisure/social life (more on the introverted side). No water, heating or electricity bills, paid by my employer/the hospital since I basically live on site. + +So from 700 to 850€ in expenses. + +Meaning a savings rate of 86 to 88%. +The objective being to FIRE (of course not in Switzerland) within 2 to 3 years. + +Family and some people I interact with , though they're showing understanding for my decision (while not being familiar with FIRE) think my choice to take a "shortcut" to FIREing, is too extreme. + +While I'm in no way fixated on my savings rate and would have no problem coming down to sub 60% levels, when I get asked why I don't spend more, I usually don't have a good answer to come up with... I just don't..need to? I mean I have a place to live in, a wardrobe full of clothes mostly bought in the last 10 years but in good condition, a computer, phone, tablet, TV, sound system all purchased in the last 2 to 5 years but still working just fine. +So I'm scratching my head wondering how and why exactly I should consume more.. + + +Just wanted to hear you guys's balanced opinion. + + +-- + +edit:typos +Is it just me or is the "diversify into digital currencies" contingent as a path to fatfire a whole lot quieter in the past two weeks? + +Man, the folks who bought in at 60K must be really suffering. + +On the upside, think of the short term tax loss carry forwards they get to keep! +Hello isnisse here. + +Today is saw [this post](https://www.reddit.com/r/Superstonk/comments/mv3dvk/the_hedgies_are_so_scared_they_are_having_1_day/?utm_source=share&utm_medium=web2x&context=3) by u/syntax + +A shill tried to convince us that the share price 5000 is a good sale. Its actually a good thing, because now we have confirmation on the MOASS. That means its only a matter of time before all hell break lose and we will get our flaming hot tendies + +But the person could be a troll, we cant know for sure. + +&#x200B; + +[Here is the shill post](https://preview.redd.it/oa8tic6bnhu61.png?width=906&format=png&auto=webp&s=38143922a48b873578bd2e31d0dfecbd477136ae) + +[Here is the user. less than one day old, and minus 49 karma.](https://preview.redd.it/8kyr6zs9nhu61.png?width=612&format=png&auto=webp&s=e20f9d2956f49871e8c160286bbde00fcdb2482a) + +I made the post ["Why GME in theory could reach 1,686,894 USD within a week when MOASS begins"](https://www.reddit.com/r/GME/comments/mjhirw/why_gme_in_theory_could_reach_1686894_usd_within/?utm_source=share&utm_medium=web2x&context=3) a few weeks back, it exsplains how long it would take the price of GME to reach X hights. My post exsplains the nature of tradeinghalts regarding the MOASS, and how tradeing halts is shapeing the stock. + +A trading halt occurs when a stock shows high velocity in an extended amount of time. It varies from 5 minutes to 10 minutes respectively, when a stock increase or decrease more than 10% in less than 5 minuttes. + +A US trade day begins from 9:30 AM to 4:00 PM EST, as we know. That is 390 minutes. + +**Important note:** im not taking premarket into account. If i did the numbers would be Even greater. + +It's a repeating process. 5 minuttes tradeing, and 5 to 10 minuttes tradehalts. so about 31,2 tradehalts during a regular trade day, not takeing premarket into account. 390/12,5 = 31,2) + +Why the value 12,5? 12,5 is the repeating process of 5 minuttes trandeing + 7,5 minuttes of halts (7,5 is between 5 to 10 minuttes) + +Let's say we take a conservative estimation and say its 25 halts in a day. + +Why 25? because following can happend: + +* some will sell +* ladder attacks +* glitches +* huge volosity +* tradeing halts on downticks + +Now is the time to bring you Vietnam flashbacks to the good ol’ school days when we had exponential functions… + +the X-axis is each time a trade halts. So 1x = 1 halt. Let's go back and say one regular trade day is 25 halts. We now have a timeframe to work with. + +The Y-axis is the value of GME in USD + +Formula: + +[The formula i'm using is this one:](https://preview.redd.it/54sbuqn8y0r61.png?width=110&format=png&auto=webp&s=8191defc5e8a50ba255c2a240566cc0303dacca9) + +**A** is the current price of GME, let's say right now it's 200 USD. + +**B** is the rate that the price goes up. A is 1,075 because its the time of a halt between 5 to 10 minuttes. + +the equations is: f(x) = 200\*1.075\^x + +Here is the Picture on how it could turn out: + +&#x200B; + +[Can you spot the diffriend between day 2 and day 6 Ken?? i Can!](https://preview.redd.it/hrxxgentohu61.png?width=1048&format=png&auto=webp&s=46cc74d785ce6d92231fc7fdbdb3a9e091377373) + +Its all eksponentiel + +So what's **N**? **N** is the price of **1,686,894 USD** on day 5 when GME moons respectively. + +Here is some keyfigures on how high it could go, when MOASS happens: + +Day 1: **1,219 USD** + +Day 2: **7,437 USD** + +Day 3: **45,359 USD** + +... + +Day 10: **24,000,000,000 USD. (!!!)** + +**Shills wants you to sell on day 1 or 2.** You could miss 45,359 the next day and even more the next day and so on. + +The next big thing is that some shills wants us to belive that we should sell on day 4, and try to say "100,000$ iS tHE rEAL fLOor U gUysss!"" + +dont fall for it. It can reach 100,000 and beyond. + +I think it would take atleast a week for them to cover, but im not sure. If anyone could confirm the days to cover i would appriciate it! + +Edit: I want to repeat that there are alot of factors to take into account. This calculation is simply just a theory because there is no way that i can know for sure how it would turn out. I beg you to do your own research, and take this estimation with a big grain of salt. I simply want to share my idea, its up to you to agree or not. I can see alot of factors that could shape the stock otherwise. My point is that 10mil is not a unrealistic goal in my opinion, and shills trying to say 5000 is a good price is simply wrong. + +🚀🚀🚀 +Palantir Technologies Inc. said it has been selected by the U.S. Special Operations Command to continue its work as their enterprise data management and AI-enabled mission command platform as part of the Mission Command System/Common Operational Picture program. + +The company said the contract is valued at a total of $111 million, inclusive of options, with $52.5 million executed upon award. The total contract includes a base year and one option year. + +Palantir shares were up 3% to $23.29 in premarket trading + +https://www.businesswire.com/news/home/20210528005069/en/Palantir-Awarded-111m-Contract-to-Provide-Mission-Command-Platform-for-the-United-States-Special-Operations-Command +I've been meaning to post a milestone thread update since I last posted this a year ago: [https://www.reddit.com/r/fatFIRE/comments/gbk3nu/from\_welfare\_to\_1mm\_at\_31\_first\_fat\_milestone/](https://www.reddit.com/r/fatFIRE/comments/gbk3nu/from_welfare_to_1mm_at_31_first_fat_milestone/) + +My company went public. Between the IPO, the real estate market returns, and the stock market returns (K-shaped recovery is too real), my net-worth grew from $1M to $2.4M. I changed companies since post-IPO life was not as enjoyable and wanted to roll the dice again on early stage equity. + +But I just don't have the same motivation anymore. + +Running the same playbook for another \~4-5 years to (*tone deaf alert*) potentially make another $1-3 million just seems like such a slog. Especially in saas sales where every day is such a grind. + +A good friend of mine with 2x net worth has expressed the same challenge, but... his perspective is that the money is too good to just walk away ($150k salary, $100k-$500k in commissions per year). He is as equally demotivated. + +Does anyone else struggle with this loss of motivation, once they've surpassed their coast-fire goal/number? Is unique to tech where that former colleague joined Stripe in 2018 and is now worth $10M, or became an engineer at Coinbase in 2016 (eg everyone is so much richer than you)? + +Is it unique to high risk/high reward ratio leading to faster burnout? + +Is it the age? The asset base? The ability to coast? + +Discussion welcomed and encouraged. +That monday was interesting to say the least 😄 +Welcome apes from all continents, this week MIGHT be fun, but we shouldn't get ahead of ourselves, we are here to hold, not for a price jump of 50 $! +Enjoy it, have some fun but remember to take deep breaths when you feel like selling 😉 +Let's see what happens today: + +Current price "115 minutes in: 179.57 US-$" + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is critical, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting: 181.74 US-$ + +5 minutes in: 182.94 US-$ + +10 minutes in: 180.53 US-$ + +15 minutes in: 178.73 US-$ + +20 minutes in: 178.19 US-$ + +25 minutes in: 179.03 US-$ + +30 minutes in: 180.53 US-$ + +35 minutes in: 181.13 US-$ + +40 minutes in: 182.34 US-$ + +45 minutes in: 181.13 US-$ + +50 minutes in: 181.44 US-$ + +55 minutes in: 182.34 US-$ + +60 minutes in: 181.74 US-$ + +65 minutes in: 180.47 US-$ + +70 minutes in: 180.59 US-$ + +75 minutes in: 181.32 US-$ + +80 minutes in: 181.74 US-$ + +85 minutes in: 181.74 US-$ + +90 minutes in: 181.74 US-$ + +95 minutes in: 181.74 US-$ + +100 minutes in: 181.74 US-$ + +105 minutes in: 181.74 US-$ + +110 minutes in: 180.47 US-$ + +115 minutes in: 179.57 US-$ + +The US pre-market is open so that's it for the day! 🇺🇸 +We tried to hold the price for you as best as we could, now you guys and girls take it from here!! +Let's give 'em hell! +&#x200B; + +https://preview.redd.it/i2rl2k382cc71.png?width=1600&format=png&auto=webp&s=55597ced2570dbcad0f6dc1e52fbbfc02220bac4 + +Good Morning Apes, + +After the positive response to yesterdays Daily Stonk, I have decided to continue making them, at least for now as I am and will be on vacation (at home) for 2 weeks but after that, we will see how long I will keep it up as I do work long hours (4 10 hour days per week) and that's only if I feel like continuing it for that long, which who knows, with that being said let's get into it. + +Does anyone smell that? + +\*insert flashy intro card\* + +https://preview.redd.it/9m8jzpa92cc71.png?width=680&format=png&auto=webp&s=4be424be21a1919d916533a89f8ac78219a60522 + +&#x200B; + +# [🔴Daily Reverse Repo Updat](https://www.reddit.com/r/Superstonk/comments/onik91/daily_reverse_repo_update_0719_860468b/)[e 07/19: $860.468B🔴](https://www.reddit.com/r/Superstonk/comments/onik91/daily_reverse_repo_update_0719_860468b/) - [u/pctracer](https://www.reddit.com/user/pctracer/) + +[credit to u\/pctracer](https://preview.redd.it/j4fhgudc2cc71.png?width=700&format=png&auto=webp&s=23b16f4de899e90aaa959372a8a2b6d0f8abb410) + +We are inching closer, at this rate we are going to reach 1T by the end of the week or the start of next week. + +&#x200B; + +https://preview.redd.it/au8x4uih2cc71.png?width=2560&format=png&auto=webp&s=533823b185f4620c6887a2546a55adb19a3785e5 + +Astro Gaming MoonJam + +(let's try this one again) Today! Astro and GameStop's MoonJam festival starts. + +You can find more info on the festival/event here: + +[https://go.minehut.com/moonjam](https://go.minehut.com/moonjam) and here + +[https://www.gamestop.com/collection/astro-gaming-moonjam](https://www.gamestop.com/collection/astro-gaming-moonjam) + +&#x200B; + +[Just a reminder no poo throwing in Minecraft tomorrow!](https://www.reddit.com/r/Superstonk/comments/ontnse/just_a_reminder_no_poo_throwing_in_minecraft/) \- [u/HappyRamenM](https://www.reddit.com/user/HappyRamenMan/)[an](https://www.reddit.com/user/HappyRamenMan/) + +[credit to u\/HappyRamenMan ](https://preview.redd.it/plt2qnna3cc71.png?width=500&format=png&auto=webp&s=8cfd674c6857cd4fd9bce2705a5a0a2041c6a670) + +# Cryptic messages on MoonJam, might be ["placeholder messages"](https://www.reddit.com/r/Superstonk/comments/onqkl1/moonjam_ocean_explorer_update_i_started_getting/h5tv90x?utm_source=share&utm_medium=web2x&context=3) + +[MoonJam Ocean Explorer UPDATE: I started getting deeper, and somewhere roughly around 1500-1600 on the position tracker, that transmission showed up. Roughly another 1600 clicks out, the second one showed up. I haven't found anyone else posting or talking about these messages yet.](https://www.reddit.com/r/Superstonk/comments/onqkl1/moonjam_ocean_explorer_update_i_started_getting/) \- [u/khaixur](https://www.reddit.com/user/khaixur/) + +[credit to u\/khaixur](https://preview.redd.it/z0pbcqw3acc71.png?width=1850&format=png&auto=webp&s=0c3f14978981e6e333b454879d35bdeadd7afc31) + +&#x200B; + +# Summary of criand's latest DD + +[This is the step by step transaction, thank you u/criand in his latest DD, that shows how HF fill FTDs with option buy-writes.](https://www.reddit.com/r/Superstonk/comments/on9ljo/this_is_the_step_by_step_transaction_thank_you/) \- [u/Jabarumba](https://www.reddit.com/user/Jabarumba/) + +&#x200B; + +Jabarumba has written up a kind of summary of criand's latest DD I'd recommend reading it because if I try to summarise his summary I don't think it wouldn't make sense anymore but it's not that long. + +&#x200B; + +# Recap of the last half-year + +[How I explained the Gamestop saga to family and friends by summarizing all the DD about GME since 1/2021 in an easy-to-understand way: in the epic battle between reports by mainstream media VS online crowdsourced research regarding naked short selling of Gamestop, there can only be one liar.](https://www.reddit.com/r/Superstonk/comments/onepel/how_i_explained_the_gamestop_saga_to_family_and/) \- [u/twincompassesaretwo](https://www.reddit.com/user/twincompassesaretwo/) + +twincompassesaretwo made a simplified explanation and recap of the evens and DD's of the past half-year, if you're new to GameStop Stock then I'd recommend reading through it. + +&#x200B; + +# [Morgan Stanley reporting an upcoming market correction](https://www.reddit.com/r/Superstonk/comments/onecy6/morgan_stanley_reporting_an_upcoming_market/) - [u/GMEstockboy](https://www.reddit.com/user/GMEstockboy/) + +"Morgan Stanley Says A 10% to 20% correction is ahead, get defensive and buy staples" (removed image as it was too big) + +&#x200B; + +# Possibly more Inflation due to extreme weather + +[Inflation Alert! Extreme and deadly floods close rail lines in Europe for months or longer and Union Pacific suspends inbound international container shipments to Chicago for a week.](https://www.reddit.com/r/Superstonk/comments/onftvx/inflation_alert_extreme_and_deadly_floods_close/) \- [u/Dismal-Jellyfish](https://www.reddit.com/user/Dismal-Jellyfish/) + +&#x200B; + +Due to extreme weather transportation systems keeps getting tested causing shortages and increasing inflation. + +&#x200B; + +# Explaining 10-Year Treasury Yields + +[10-Year Treasury Yields, and why it matters: Smooth Brain Edition](https://www.reddit.com/r/Superstonk/comments/oni2nn/10year_treasury_yields_and_why_it_matters_smooth/) \- [u/thePathUnknown](https://www.reddit.com/user/thePathUnknown/) + +[thePathUnknown](https://www.reddit.com/user/thePathUnknown/) made a post explaining 10-Year Treasury Yields. + +&#x200B; + +# Finding Puts Options FAR OTM numbers + +[Puts Options FAR OTM From a Small Selection Represent a Bare Minimum Of 868,902,550 Shares](https://www.reddit.com/r/Superstonk/comments/onuy7c/puts_options_far_otm_from_a_small_selection/) \- [u/bloodhound1144](https://www.reddit.com/user/bloodhound1144/) + +bloodhound1144 has dived into Puts Options FAR OTM in order to try and find out how many shares are FAR OTM if I understand it correctly. + +&#x200B; + +# [NEW RC TWEET: Not PG-13🎬…..PG. 13📖 As in Page 13 of the GME Prospectus. The page that talks about “Units”. And oh yea those chopsticks….usually you split those apart when you open the package=GME STOCK SPLIT???🤔](https://www.reddit.com/r/Superstonk/comments/onthry/new_rc_tweet_not_pg13pg_13_as_in_page_13_of_the/) - [u/Routine\_Huckleberry5](https://www.reddit.com/user/Routine_Huckleberry5/) + +[ u\/Routine\_Huckleberry5 ](https://preview.redd.it/a0374j617cc71.png?width=640&format=png&auto=webp&s=ca032e4860de2fc6a6c9af92ec1e55b68af85adc) + +# Elliott Waves analysis + +[Elliott Waves, GME, The S&P 500, The Beginning Of The End 🚀](https://www.reddit.com/r/Superstonk/comments/onr1bz/elliott_waves_gme_the_sp_500_the_beginning_of_the/) \- [u/possibly6](https://www.reddit.com/user/possibly6/) + +&#x200B; + +possibly6 coming out with another Elliott Waves analysis, now I'm too stupid to explain this but from the sound of it bullish, [Although it seems like he might have forgotten something in his analysis?](https://www.reddit.com/r/Superstonk/comments/onr1bz/elliott_waves_gme_the_sp_500_the_beginning_of_the/h5tqjal?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +# Lousy day DOW? + +[Tits so jacked that I hope everyone had a lovely Monday, including my new shill friends from the strategic PsyOp chats they've created for us. ❤️](https://www.reddit.com/r/Superstonk/comments/onps9e/tits_so_jacked_that_i_hope_everyone_had_a_lovely/) \- [u/missing\_the\_point\_](https://www.reddit.com/user/missing_the_point_/) + +[ u\/missing\_the\_point\_](https://preview.redd.it/tig8spy6bcc71.png?width=960&format=png&auto=webp&s=338a0f580ef0b5f1f71b665d5de4231a06d827b8) + +&#x200B; + +It seems Broccaaa have been removed from the mod list so I'm gonna presume that they did leave the mod team after all. + +&#x200B; + +Yesterday I added 2 more posts after I posted, here are the links to them in case you missed them. + +[OTM PUTs are the passed puck of short positions that is slowly being passed back. The price movements are around monthly options, SLD periods, and net capital requirements. Not FTDs.](https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/) \- [u/Criand](https://www.reddit.com/user/Criand/) + +[Final Update of Google Consumer Survey \*\*\* N=2,200\*\*\*; At LEAST 164MM $GME Shares in Hands of U.S. Retail; \*\*\*My Best Guesstimate For Total Shares Owned Globally — 531MM\*\*\*](https://www.reddit.com/r/Superstonk/comments/omdafo/final_update_of_google_consumer_survey_n2200_at/?utm_medium=android_app&utm_source=share) \- [u/Get-It-Got](https://www.reddit.com/user/Get-It-Got/) + +&#x200B; + +Yesterday there were many people who liked that I kept the same normal format and there were many who didn't and suggested that I make my own format or remove large parts of it, now you can't always please everyone but I believe keeping the format while taking out some of rensole's more personal parts like san diego is the best way to go about it, please let me know what you think about it. + +Also before you wonder/ask yesterday "some people have asked me why I decided to make a daily stonk so here is a small writeup if you care [https://www.reddit.com/r/Superstonk/comments/onab8m/the\_daily\_stonk\_07192021/h5qnt07/?context=3](https://www.reddit.com/r/Superstonk/comments/onab8m/the_daily_stonk_07192021/h5qnt07/?context=3) " in case you missed it. + +(Sorry I was an hour late, [overslept](https://i.stack.imgur.com/1HlqV.png)) + +&#x200B; + +https://preview.redd.it/mnkwargtbcc71.png?width=554&format=png&auto=webp&s=4104c69e4018c15abbed6d4967e1cef3759cc66a + +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 let's 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. + +Don't try to exploit your fanbase, this would also be excellent! + +&#x200B; + +Remember none of this is financial advice. + +If anything happens throughout the day we will be adding it here. + +Backups: + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +[https://twitter.com/ButtFarm69](https://twitter.com/ButtFarm69) + +&#x200B; + +Edit eem didn't mean for the theehee to become the thumbnail... no idea why it did that. + +Edit + +# Digital Voting Series A-1 Preferred Stock + +[PG-13](https://www.reddit.com/r/Superstonk/comments/onw3ie/pg13/) \- [u/BurnieSlander](https://www.reddit.com/user/BurnieSlander/) + +[ u\/BurnieSlander ](https://preview.redd.it/9l3usoh6wcc71.png?width=3312&format=png&auto=webp&s=2d4e1c0e28f2beb023d61aeadcf677c0e260f57b) + +BurnieSlander has a theory that the PG-13 might be a reference to Voting Series A-1 Preferred Stock rather than a stock split, the theory is essentially to issue a dividend of a new stock attached to a blockchain not only forcing the SHF to cover but also giving us the real share count. Give it a read as it is a good theory. + +[https://www.reddit.com/r/Superstonk/comments/onw3ie/pg13/h5uq91q?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/onw3ie/pg13/h5uq91q?utm_source=share&utm_medium=web2x&context=3) \- [Adept-Ad5287](https://www.reddit.com/user/Adept-Ad5287/) + +This comment gives a possible process it would go through. + +Edit [**Captain-Fan**](https://www.reddit.com/user/Captain-Fan) messaged me confirming that " Broccaaa has indeed decided to step down." + +Edit removed a line from "Possibly more Inflation due to extreme weather" as it didn't sit right. +Let me preface this by saying that if you put 1000$ into bitcoin back when it was first released, you are probably very rich today. But let's not let that distract from the fact that it makes you somebody who wired 1000$ to an anonymous person on the internet, in exchange for some magic beans. + +These days you're probably stupid not to have money invested in crypto, but just keep in mind that it's almost entirely based on speculation, and a lot of your success is based on pure luck. **Everybody is a genius investor in a bull market**. The people you see posting here acting like seasoned investing gurus, are more often than not people who just happened to get lucky a few times. Have fun with your Baron Rothschild memes, acting like every person who invests in crypto is going to become a millionaire. + +This is not the first time in history when a generation of young people have jumped on a wild speculation train and gotten rich. During the height of the dotcom bubble, people had the exact same attitudes. "25% returns in a year? Those are scrub numbers. Anything less than 100% is unacceptable!" We all know how that ride ended, and this ride shall too come to an end. Whether it ends in a major bust, or it becomes a mainstream financial tool dominated by Wall Street, this ride will come to an end. Enjoy the great returns while you can. + + +I’ll be reading discussions and considering my investments then you’ll see lots of comments like “I’ve got a spare $100 to throw at something, shill me” and so I suddenly realise that a lot of what gets posted is from people with very little skin in the game. I know it’s all relative and I am not meaning to sound arrogant but just yeah sometimes it surprises me when I read so many queries about such small investment amounts because people talk and act like they are talking about much larger sums. +\*\*\*So a bunch of people have sarcastically congratulated me on having an 860 credit score. I honestly thought it was an 860. If it only goes up to 850, then it was an 840 maybe. It was an honest mistake. I've included pics in this update to show you one year back and how my score dropped after selling my house (In September) and then the one missed payment I discuss in this post. It only goes back a year, so the scores over 800 are no longer visible on this report. + +[https://imgur.com/Kgn3CWV](https://imgur.com/Kgn3CWV) + +[https://imgur.com/qEdP1z1](https://imgur.com/qEdP1z1) + +\*\*\*\* + +&#x200B; + +I did everything right. Over a decade, I paid off all of my credit card debt, two cars, my wife's student loans, and my credit score jumped up to an 860 (I think that was the highest). I bought a house and got the lowest interest rate available at the time. I even had a back up plan in case of unexpected change. Kept building my savings. Paid my bills on time. + +Then I unexpectedly lost my job. I put the plan into action. Decided to move cross country to an area with a lower cost of living. Sold my house, moved back east, lived with family while I looked for a new job. + +I finally got a job and the next part of the plan was to buy a house. This is where I realized I had a problem. As it turns out, after more than 10 years without a missed or late payment, my wife and I had somehow "forgotten" to pay our last electric bill of about $200. We only found out about it after receiving a letter from a collections agency. We mailed in the payment and I checked my score. + +My credit score score had dropped to 682 in less than a year. It looks like after we sold the house, the score dropped from 860 to about 780. Then after this missed bill, it dropped down to 682. + +I talked to the electric company and explained that something obviously went wrong, because being 8 months delinquent on a bill didn't match our history with them OR with any creditor. They responded by telling me that they had not only mailed us two large envelopes we "couldn't miss", and had records of 8 different attempts to call us about this outstanding bill. They even claim to have records that my wife answered 2 of the calls (to her number), and that they left 6 voicemails. They say this was all BEFORE they sent us to collections. The man on the phone refused to listen to (what I consider to be ) logic. It just doesn't make sense for someone to just suddenly ignore a bill. + +I have no question that this bill was missed. After the chaos of a cross country move (with two kids), I'm honestly surprised nothing else slipped through the cracks. I just can't explain HOW it was missed for so long. We never got any of their letters. My wife's phone history shows no record of calls or voicemails. + +I disputed the claim with Transunion and they ruled that the negative mark was accurate and would remain on my report. + +Does anyone have any advice? What can I do here? Do I have any options? I want to buy a house, but with interest rates slowly climbing, the difference between the payment on a 4.8% apr, and a 5.8% apr is pretty drastic. In fact, it's throwing my back up plan into a tailspin. + +Sorry for the length of this post. I just wanted to put in as many details as I could. I really hope someone has any advice, or recommendation other than "sorry bud, you're screwed," or "wait it out, the score will go back up." + +Thanks. + +&#x200B; + +&#x200B; + +&#x200B; +Everything regarding NFT and a possible dividend at this point is pure speculation. Keep in mind to not be disappointed if the NFT things do not play out the way you imagine it. + +The most likely usage oft NFTs in the gaming industry will be to make digital products like games resellable. + +This would still be revolutionary and bullish AF for our company. + +Getting disapointed when the NFT thing turns out differently than expected has the potential to be the ultimate FUD. + +Just stick to the DD, buy, hold and manage your expectations. + Since its’ Q2 earnings call a few weeks ago, Intel Corporation (INTC) shares have plummeted 20% upon announcement of problems with its’ next-generation 10nm and 7nm manufacturing processes. The massive collapse has led to widespread attention among investors, but in reality the situation has been years in the making for those who’ve been paying attention. Today I’d like to look at some of the technical decisions Intel made, why they’ve caused problems and the implications of that on their future. + +**Lithography techniques** + +Lithography is an incredibly complicated process that forms an incredible competitive advantage for those who master it. In simple terms, you put a template of circuit designs (photomask) on a silicon base (wafer) and shine a powerful laser on it [\[1\]](http://www.lithoguru.com/scientist/lithobasics.html). + +Over time, people tried to fit more transistors in the same area – this would lead to increased performance capability, lower power consumption and various other benefits outlined in Dennard Scaling\[2\]. This becomes progressively more difficult over time, as you’re trying to cram transistors into areas thousands of times smaller than the width of a hair. The industry ran into a particularly tricky wall around the 20nm mark, since the size of the laser you used to ‘print’ the circuit design became so relatively big that it couldn’t reliably follow the complicated patterns needed for all the transistors. Two schools of thought developed to address this problem – patterning (using more than one photomask, each with simpler diagrams, and lasering the wafer with each of these templates separately), and EUV (extreme ultra-violet, using radiation with much smaller wavelengths than traditional). Intel saw success with dual-patterning (two templates) on its’ 22 and 14nm process, and chose to go one step further and pursue quad-patterning on its’ 10nm process.\[3\] Meanwhile, its’ competitors TSMC and Samsung chose EUV. \[4\] For reference, Intel themselves have also chosen to pursue EUV for their 7nm process. That might give you a hint as to which was the right choice… + +Other terminology I’ll be referring to in this piece are yield (how much of a wafer is actually useable) and monolithic (the whole CPU is cut out of the wafer as a single piece of silicon) vs chiplets (the CPU is formed from several pieces of silicon stuck together) + +**The problems with 10nm** + +Back in 2013, Intel was in it’s prime. It dominated the CPU market with >90% market share, and was pursuing a tick-tock strategy with its’ chips – every two years you would have a die shrink ‘tick’, then the alternating years you would have a microarchitecture change ‘tock’. In the roadmaps released by Intel, they planned to have their next ‘tock’ of 10nm in 2016. The ‘tick’ – Skylake architecture came, but the ‘tock’ never did. Even today, 4 years after it was supposed to be released, 10nm still isn’t really here. On paper, it was launched with Cannon Lake in 2018 – but the total number of those are in the thousands, if not hundreds. On paper, the ‘mass-market’ generation Ice Lake launched in 2020 but they have incredibly limited supply and offer inferior performance to Intel’s own 14nm offerings. \[5\] The latest update is that desktop and datacentre chips will come in the second half of 2021 – but for reasons we shall soon see it is my opinion that these will yet again be flops. In fact, it is my opinion that 10nm is a total writeoff, and that the design decisions taken at a very early stage have doomed it to failure. When you use lithographic techniques, you are bound to have some defects in your wafer. After all, creating billions of devices tens of atoms in size isn’t going to be perfect. Patterning as a lithographic technique inherently has a higher defect rate than not using it – you’re basically going through the same process multiple times, thus increasing the chance of defect dramatically. As I mentioned earlier, Intel is using quad patterning in 10nm – this means their defect rates are going to be sky high. At the same time, their usage of a monolithic die compounds this problem for high-performance, high core count CPU models. As you can see from the blue wafer below, it’s difficult to draw large squares (high-core count models) that are without defect. In comparison, the red wafer is AMD’s chiplet approach, built on TSMC’s less defect-prone EUV process. + +(Sorry, I copied this post from my blog to not self-promote but I can't insert the relevant pictures here) + +Since you can paste together multiple small CPUs into one bigger one, you use a far greater percentage of the wafer, cutting costs and letting you freely choose however many high-performance chips you want to build. + +Of course, it’s impossible for anyone outside Intel to know the exact numbers for the defect rates, yields and unit costs for 10nm. No doubt they are improving as time goes on,as they always do with a maturing architecture. However, I can say with certainty that + +1. they are currently not yielding at rates that could let them release high core-count server chips in any volume, EVEN AT A LOSS +2. The margins on 10nm will NEVER reach the heights that Intel has traditionally seen. Intel has enjoyed gross margins of above 60% for the last decade. In my opinion, if Intel were to replace their whole product stack with 10nm, their gross margin will never rise above 30%. The maximum price they can release their products at is capped not only by AMD’s offerings, but more importantly their own legacy performance. If Intel attempted to price at a level that would give them healthy margins, their entire product lineup would be outcompeted by their 5 year old 14nm chips on a price/performance basis, and their customers would have no reason to upgrade, decimating their revenues. + +These are bold statements but I believe Intel’s actions over the past few years, and their planned actions over the next few, support this view. + +When you release a new generation of processors, you always want to have it be ‘better’ than the previous generation. This may seem incredibly obvious, but the only exception is when the design has such big inherent flaws that you can’t physically do so. For instance, the Bulldozer architecture AMD released in 2011 performed worse than their own previous-generation Phenom II architecture \[6\], leading to near-bankruptcy of the company, due to the flawed design of maximising core counts from a belief that multi-threaded performance was the future; while having the processor cores shares caches and FPUs, massively reducing the multi-threaded performance of the architecture. Intel finds themselves in a similar situation today. Their design choices made back in 2013 mean that it is impossible to mass produce 10nm high core count chips. This would’ve been fine if their monopoly continued and the mainstream continued to have 4 core, 8 threaded CPUs. Indeed, they are producing Ice Lake laptop CPUs today that have 4 cores. However, the resurgence of AMD with their high core count capable Zen architecture meant that Intel were forced into raising their own core counts to compete – there has been a doubling of core counts across their entire product stack, which is fine on 14nm with its’ double patterning, but not so much on 10nm. The limitations of 10nm mean that current generation chips at the same price point from Intel have 14nm massively outperforming 10nm, with the higher core counts outweighing any density improvements that 10nm brings. Similarly, leaks for the upcoming 10nm Alder Lake desktop and Ice Lake Xeon chips suggest that the maximum number of cores on 10nm,28, will be 33-50% lower than those from 14nm \[7\] – not to mention AMD’s offerings which top out at 2.3x the core count at half the price.\[8\] The persistent lack of chips on 10nm that can outperform their predecessors, despite us now technically being on ‘10nm+++’, suggests that there is a fundamental barrier in the technology that no amount of delays and extra engineering can get past. 10nm is rotten from the very first steps taken. + +**7nm and beyond** + +So now we’ve established just how much of a disaster Intel’s 10nm process is, what about 7nm? It should be better right? After all, its’ built on the superior EUV, rather than SAQP. The market obviously expects it to be Intel’s saviour, given the massive drop in Intel share price was widely attributed to the ‘6 month delay’ in 7nm rollout. While I don’t have nearly as much solid information to go on compared to 10nm, I just want to note a few things. The exact words Bob Swan used in the Q2 call were ‘we are seeing a 6 month shift in 7nm… 12 months behind our internal target… we have identified a defect mode that resulted in yield degradation’. + +There’s quite a lot to break down here. Many people, including analysts on the call, were confused by how 7nm could be both 6 and 12 months behind target at the same time. Have Intel achieved quantum tunnelling of time? The truth is that Bob’s claim of a ‘buffer in planning process’ as the reason, while technically true, is incredibly misleading. In any typical launch of a new process node, you spend a few months getting up to speed – running the foundry through the whole process, troubleshooting, using the produced chips as prototypes to send to OEM partners for them to design products around, etc. You don’t sell the chips produced to anyone. Industry standard is to call this period a tape-out, not a launch of a new process – that’s when you actually produce chips that you sell to people. Bob’s comment translated is that the process is delayed by 12 months, but they’re going to breach industry standard and ‘launch’ 7nm when the first fabs start spinning up 6 months before they have chips in any volume. Sound ridiculous? Well, Intel did the exact same thing with 10nm. Faced with mounting pressure over the constant delays, Intel ‘launched’ Cannon Lake in May 2018. There was 1 CPU in the whole generation, a dual core processor with a clock speed of 2.2Ghz that was slower than the i3-3250 released in 2013 for $20 less than the 10nm part. Not to mention it was nigh on impossible to actually buy one.\[9\] Cannon Lake was an incredibly obvious paper launch, released to appease investors at a time where Intel had just started up its fabs. Ice Lake, the first 10nm architecture you could actually buy (in limited quantities) shipped in September 2019, more than a year after Cannon Lake ‘launched’. This ‘6-month’ delay is nothing more than an attempt to sweetcoat a 12 month delay (assuming no further delays). + +The second part of the comment, relating to a ‘defect mode’, is just as interesting as the first. Intel are attempting to use GaaFeT technology for their 7nm process, though there's conflicting information suggesting they might move away from this if it proves to be too difficult. \[10\] GaaFet, or Gates-all-around-Field-effect-Transistor, is a new and unproven transistor technology that should overcome the technical difficulties current transistor technologies face at increasingly smaller sizes. Unlike normal process shrinks, this is going to a completely new type of transistor and we only have one other comparable in history – the transistor to a 3D FinFeT technology a few years ago. With FinFet, the research process from having a ‘working prototype’ demonstrating commercialisation potential took 8 years. \[11\] Meanwhile, the equivalent demonstration with GaaFeT took place 3 years ago. + +\[12\] While FinFeT and GaaFeT are different beasts, it is undeniable that the plans from Intel, and indeed all other foundries, are incredibly ambitious. The latest leaks suggest that the ‘defect mode’ Intel have ran into has to do with their GaaFeT implementation. If this is true, you could easily see 7nm being just as much of a disaster as 10nm is. + +Beyond 7nm, there are some positives to be [found.](http://found.as/) As we get even smaller transistors, it will be necessary for both EUV and patterning to occur. It's likely that Intel will have an advantage in this area compared to competitors due to their experience with 10nm. At the same time, they are actively exploring chipletbased designs. They might have been late in realising the benefits, but they've finally come around with their EMIB, Foveros and big.Little technologies, all of which I'll explore in a future blog post. + +**Conclusion** + +I’ll leave it to you to decide what the financial implications of these deductions are for Intel, but suffice it to say the baseline scenario is far worse than what many people envision. There is no doubt that Intel will recover from this fiasco, but at what cost? Will it require yet another management reshuffle? Following in the footsteps of AMD, outsourcing production fully and writing off its’ own fabs? Acknowledgement that they will no longer be able to extract incredible margins from their monopolistic position? + +References + +\[1\] [http://www.lithoguru.com/scientist/lithobasics.html](http://www.lithoguru.com/scientist/lithobasics.html) + +\[2\][Dennard, R., Gaensslen, F., Hwa-Nien Yu, Rideout, V., Bassous, E. and Leblanc, A., 1999. Design Of Ion-implanted MOSFET's with Very Small Physical Dimensions. *IEEE Journal of Solid-State Circuits.*, 87(4), pp.668-678.](https://web.ece.ucsb.edu/courses/ECE225/225_W07Banerjee/reference/Dennard.pdf) + +[\[3\]2019 Intel Investor Meeting Presentation, slide 9](https://s21.q4cdn.com/600692695/files/doc_presentations/2019/05/2019-Intel-Investor-Meeting-Renduchintala.pdf) + +\[4\][TSMC PR release, 10/2019](https://www.tsmc.com/tsmcdotcom/PRListingNewsArchivesAction.do?action=detail&newsid=THHIHIPGTH&language=E) + +\[5\][https://www.anandtech.com/show/15385/intels-confusing-messaging-is-comet-lake-better-than-ice-lake](https://www.anandtech.com/show/15385/intels-confusing-messaging-is-comet-lake-better-than-ice-lake) + +\[6\][https://www.techspot.com/review/452-amd-bulldozer-fx-cpus/page13.html](https://www.techspot.com/review/452-amd-bulldozer-fx-cpus/page13.html) + +[\[7\]https://wccftech.com/intel-10nm-ice-lake-sp-xeon-cpu-28-core-56-thread-cpu-benchmarks-leak/](https://wccftech.com/intel-10nm-ice-lake-sp-xeon-cpu-28-core-56-thread-cpu-benchmarks-leak/) + +[\[8\]https://www.amd.com/en/products/cpu/amd-epyc-7742](https://www.amd.com/en/products/cpu/amd-epyc-7742) + +[\[9\]https://www.anandtech.com/show/13405/intel-10nm-cannon-lake-and-core-i3-8121u-deep-dive-review](https://www.anandtech.com/show/13405/intel-10nm-cannon-lake-and-core-i3-8121u-deep-dive-review) + +[\[10\]https://twitter.com/chiakokhua/status/1288402693770231809](https://twitter.com/chiakokhua/status/1288402693770231809) + +[\[11\]https://en.wikipedia.org/wiki/FinFET](https://en.wikipedia.org/wiki/FinFET) + +\[12\][https://www.researchgate.net/publication/319035460\_Stacked\_nanosheet\_gate-all-around\_transistor\_to\_enable\_scaling\_beyond\_FinFET](https://www.researchgate.net/publication/319035460_Stacked_nanosheet_gate-all-around_transistor_to_enable_scaling_beyond_FinFET) +I'm hoping folks would like to comment on a hypothetical situation whereby every adult in the US gets a $1,000/mth, no strings attached, no cap on earnings, basic income guarantee. I'm particularly interested in what would happen to the prices of basics, like food, rent, utilities. There are a lot of other aspects of this which interest me less (feasibility of passing politically, work ethic, etc.). Thanks. +How does a company make money with stock resold on the market? + +What I think I know. + +Company Z decides to have an IPO (Initial Public Offering) and sell 100,000 shares of stock at $10.00 a share. Many people buy the stock and pay $10.00 a share. Company Z sells them all. Company Z now has $1,000,000 cash to grow Company Z. I bought 10 shares at $10.00 a share and gave Company Z $100.00. + +If I sell my 10 shares to you for $15.00 a share, you give me $150.00. I recovered the $100.00 I gave Company Z, who still has the $100.00 I gave them. I also have $50.00 more. + +To sum up; + +1. I gave $100.00 to Company Z. +2. Company Z gave me 10 shares. +3. You gave me $150.00. +4. I gave you the 10 shares of Company Z I had. + +Results; + +1. Company Z has my $100.00. +2. I have your $150.00. +3. You have 10 shares of Company Z. + +Company Z made zero money on the transaction between you and I. How does Company Z make money when their stock is traded on the market, if any? If they make zero money, why would they care what the value of the stock is after the IPO? + +I have asked this question for decades to a wide variety of people and never received an answer I could understand. Thank you in advance. +South Asian here. + +Can someone explain why there is such a large gap between its GDP and GNI? + +Also, which is a better measurement of the standard of living in the country for expats like digital nomads? +I've been working at Dennys a little over a month now and have not received an email from any payroll provider (ADP, paycom, etc.) for the past month, despite telling them and asking them consistently for an email from paycom. + +For 3 weeks i will tell them every time I come in but id consistently get blown off and told to speak to another manager as well, despite also trying to call the manager or get a hold of them over the phone, today i went to work and she was there so i told her i still didn't have an email from paycom yet, after she told me I'd have it the next day (4 days ago). instantly she tells me "i bet you that you do if you knew how to use an email" "it's probably in your archives" (I've checked it all repeatedly for days even my spam) I said I still don't have it ik it's not there and that I know how to use my email. + +then she proceeds to tell me to "quit coming at me I'm getting real tired of this and I'm getting real 'fucking' tired of you people, you should've told me before"(which I have) or spoke to another manager (which i also have) and I've even talked to her daughter who is also a manager there asking her if she could get ahold of her and was told no you have to find her when she's here. + +after being told to fuck off she walks to her office yelling and telling me to "go find a new fucking job and get the fuck out of my store and don't come the fuck back" (lotta Fbombs i know) + +so, I started recording, after recording she denies any bit of yelling or cursing or anything and threatens to call the cops with her daughter in the office threatening to as well. + +after I leave, I get an email 7 minutes later from paycom at 5:07 (i left at 5:00) which finally gave me the ability to log in and check them, but after checking i also found out I've only been paid for 3 hours of my first 2 weeks ($27) after working over 60hrs and they shorted me over $200 on my 2nd check. + +and i only got access to my incorrectly made paystubs after I got fired and threatened to have the cops called on me. keep in mind all this time I'm not yelling or attacking or anything the most tedious thing I could've said that whole time was "i know how to use my email" +Was moved from “in progress” to “pending review” yesterday. Deployment likely within the next week (some other updates need to be completed before the next patch. Currently at almost 80% completion) +https://github.com/brave/browser-laptop/issues/13139 +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. 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Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#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/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +I know this gets asked a lot, but I would like an updated answer. I'd like a quantitative opinion, so being biased is fine. Which stock exchange app is best for a beginner like me? + +Thanks! <3 + +Edit: I am not a us citizen, I live in Denmark, Europe. I'm looking for something with no fees now; an alternative to robinhood, but usable by Europeans. +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! + +Why they hate Bitcoin/crypto so much. Is because their false beliefs about the chip shortage mistakenly blamed on POW, is it because they feel bad for "missing the train". + +Or maybe they are influenced by the MSM lies and false narratives about "Bitcoin is bad for the environment" or "just a speculative bubble/pyramid/Ponzi scheme" without doing any research or due diligence by themselves. + +Maybe it's a social engineered manipulation by big actors on that sub. + +They are missing the big picture: + +Why would I ever give up my Bitcoin for printed-to-infinity government coupons (IOU's)? + + > Neo: what are you trying to tell me, that I can trade my bitcoins for millions someday? +> > +> > [Morpheus: No, Neo. I'm trying to tell you that, when you are ready, you won't have to](https://gyazo.com/10ead3a5c1fd8ed1e9d150ed6cced62d) +> +> +> ***"When measured in fiat, Bitcoin price will rise infinitely"***. +> +> ***"Bitcoin has no top, because fiat has no bottom"***. +> +> +> I will NEVER sell my Bitcoin for printed-to-infinity government IOU's, the [same as somebody who bought a block in Manhattan on the 1800's](https://www.youtube.com/watch?v=s-kKDR30Fb8) will never sell it no matter how high the price goes when measured in ever-worth-less USD. +> +> You earn in value appreciation/equity against USD as well as in the expensive rents your tenants are paying. If you need even more fiat you borrow against it, and pass the prime real estate to your children and grand children... for many generations, and they don't ever sell it for fiat either. +Going to get about $1.3 mil pretty soon. Getting to an age where I want to be conservative and not looking for growth/appreciate (getting more risk adverse). Current portfolio of dividend stocks is DHY, T, F (I know no dividend right now, but hoarded around $5 average cost basis), VZN. + +Looking for diversify into more dividend stocks that yield at least 6%. Thanks. +Submitted my DRS request on March 1. As of March 15, there have been ZERO updates despite multiple calls with E-Trade reps. For comparison, Fidelity took only 3-4 business days to DRS a handful of shares a few weeks ago. + +I just got off the phone with yet another E-Trade rep, and once again I was told that E-Trade could not provide ANY kind of timeline or estimate for when I can expect my DRS request to go through. I asked why, and all he could say was **"due to the overwhelming amount of similar requests related to the same security (GME), E-Trade processing times for those transactions have been delayed indefinitely.** We will notify you once more information is available." + +It was clear to me that this rep had this same conversation many times before talking to me, and was reading from a script specifically written for GME holders trying to DRS shares. There was a certain exasperation in his voice that was undeniable. + +**TL;DR - For those of you planning to DRS shares thru E-Trade, I suggest you transfer elsewhere before submitting the DRS request. Otherwise, E-Trade will be holding your shares hostage "indefinitely."** +This week was my 1 year anniversary at my job since graduating college. I also just hit 50k net worth, which is staggering for me to even think about. I work in Software Engineering making 71k a year. It’s not my dream job, and I don’t think I’ll be here forever, but I’m happy enough right now, and I can’t complain about the salary. I’ve also had a side gig for almost 8 years now (just turned 23) playing piano at weddings and events and such. It's usually less than 5 hours of work a week and nets me somewhere between 6-10k a year depending on how many events I do. + +# Background + +Thanks to some massive scholarships as well as the money saved from my piano job and some other internships, plus just a little help from my amazing parents, I was able to graduate with an engineering degree completely debt free, with just enough left over to buy a totaled and repaired car on the cheap (a risk, to be sure). So a year ago, I entered the work force pretty much without a dollar for or against my name. + +I also live with my parents. I'm not a super social person, and I wanted to spend some more time with my little sister before she goes off to college, so I decided to move back in with my parents. I'm very fortunate. They don't charge me rent, and we aren't very strict about accounting for food payments. I do try to pay for meals and groceries often enough that food evens out, and I do lots of chores and help out around the house to "atone" for my presence there, but honestly, I think my parents are just glad to have me around. I'm very fortunate in this regard. + +So, in the last year, I had a before tax income of \~80k, which taxes brought down to \~63k, I had zero debt or rent, and was able to save the vast majority of it, 50k, which is an after tax SR of 79% in my first year in the working world! Where did the other 13k go? In addition to the gas and car expenses, and the food that I try my best to pay for, it's hard not to be materialistic, especially when living with materialistic parents… I bought tons of books (I love reading), and splurged on a $3000 harp (I've wanted to learn the harp for years), and I have a pretty substantial collection of alcohol for making cocktails. And I do go out with my friends occasionally. Additionally, my parents love to go on vacation, and, living with them, it can be hard to not tag along. Overall, it's all stuff that brings me joy, so I think it's worth it to spend on, especially while I'm in a position where I can. + +# The power of 50k at age 23 + +50k is an absolutely ridiculous amount of money to have saved this early in my career. At 6% returns, over 42 years for a traditional retirement at age 65, that comes out to $578k. After 1 year, I am shockingly close to already achieving a comfortable retirement. If I could do one more year of this, I'd be there. Since I am only 23, it's amazing to see how powerful this head start is, and how many options it affords me for my future. + +# The cost of staying with my parents + +Given the massive amount of money I've managed to save, it's interesting to consider the "costs" of living with my parents for free. I do have a much longer commute than I would like, about an hour each way, which has the tangible cost of gas and wear on my car, and the intangible, but somehow more substantial cost on my sanity. There is the lack of freedom and independence, and at times, the lack of really feeling like a true adult. And there is the cost on my social life, which is mostly nonexistent due to + +1. Living far away from any source of young people +2. Living with my parents… +3. Lack of motivation for a non-socially oriented person like myself to find friends, given barriers 1 and 2. + +# The cost of moving + +Since I value my sanity, freedom, independence, adultness, and hypothetical future friends, I have found myself thinking more and more lately about moving out and taking the next step. I eventually want to be a homeowner, but am not there yet, maybe in 5-10 years. So renting it is. Here is my hypothetical "cost of moving out" breakdown: + +* Apartment + Utilities: $1,500 - $1800/mo (This seems to be about average for a 1 bedroom apartment in my area) +* Groceries + Food: $250/mo (This is about what I averaged in college, buying food from the grocery store and cooking it myself, a practice I look forward to continuing) +* Increased social activity: $150/mo (I'm just throwing this here as a baseline. If I know myself, I won't end up spending nearly this much, but it's interesting to think about how moving would probably cause an increase in spending in other areas.) +* Internet: $50/mo (I hate TV, so I wouldn't be buying cable) +* One-time moving expenses: + * Furniture: $2000 (I have no idea what this number should be. I'd need to buy couches and tables and shelves. I've already got a bed and kitchen supplies from my college apartment days) + * Decent electric keyboard: $2000-$5000 (I don't want to be the guy with the super loud acoustic piano in an apartment) + +So I'm looking at $1900-2200/month or \~23-26k/year, plus 4-7K in one-time expenses. I'll just call it 25k and 5k. + +That's pretty hefty, that's enough to slash my savings rate in half. Furthermore, that is worth potentially much more, given the assumption that I would invest those savings were I to not move out. 30k over 41 years (age 24-65) at 6% returns amounts to a whopping 327k for a traditional retirement. However, if I were to FIRE at the respectable young age of 35 (which I probably won't do), it is a much less whopping 60k, only a 2x increase. Since my savings for the next year would be reduced to 20k, the 60k effective cost for moving out for just one year would be roughly 3 FIRE years. + +Over time, my SR would be able to increase with my salary, and the "effective cost" of each successive year's lack of savings would decrease as the FIRE year draws nearer, but it's amazing to see the power of early saving played out in a few hypothetical numbers. + +# Conclusion + +So it's an interesting decision. Living with my parents has likely saved me untold financial stress, and will allow me to FIRE years early, but is not without its own costs. But on the other hand, perhaps ridding myself of the "costs" of my parental living right now is worth the incredible cost. Purchasing freedom and independence is, after all, what FIRE is all about. + +&#x200B; + +**\*Disclaimer:** My intent here is not to brag nor really even to seek advice, but rather to celebrate and add voice to the conversation about the benefits and drawbacks of cheaper, but less ideal living situations in order to save money. +Just excited to share hitting this milestone! + +Here are my holdings: +Total market value: $46,426.42 + +O x 11 +MSFT x 22 +QYLD x 304 +FNILX x 43 +ABBV x 16 +JEPI x 3 +V x 20 +AAPL x 124 +BX x 9 +MO x 10 +PFE x 30 +SCHD x 40 +T x 15 + +$1,353.08 annual dividend +$112.76 per month +2.91% average yield + +Happy to hear how any advice to help reach the next milestone. +By a few, I mean a lot, but I'll try and condense down to the ones I'm working on now. If you do decide to chime in you'll have to hang in there with me. Finance is not my full-time job and I've got the IQ of a small monkey, so apologies in advance if I appear stupid. I am, but I'm trying because I genuinely love the subject matter. So with that out of the way, here's what I've got for questions. + +**1) Is (EBITDA - CapEx) a decent proxy for the true underlying earnings power (free cash flow) of a business?** + +My understanding of EBITDA is that it provides a less cloudy picture of a company's steady-state earnings because it doesn't include things like acquisition costs and/or other one-time items. I've also been viewing it as the cash flow a company can tap to pay down debt. I'm unsure if this is a valid view on EBITDA, but it seems to make sense to me. What I don't understand is why people neglect to subtract capital expenditures from EBITDA when using EBITDA as a proxy for cash flow. To me, CapEx looks like a recurring annual cost of doing business and should not be lumped into the same category as one-time costs and therefore should be subtracted from EBITDA if EBITDA is going to be used as a proxy for cash flow. Why is this view generally frowned upon or not considered? + +**2) What are some decent metrics for measuring short-term and long-term solvency?** + +I've been thinking about this one for a while now, and maybe solvency is the wrong word, but these are all I've been able to come up with - feel free to explain why they suck or how they can be made better: + +Short-Term Solvency Metrics: + +(Current Assets / Current Liabilities); + +(Current Liabilities / (Current Assets + EBITDA - CapEx)); + +(Current Liabilities / (Current Assets + ((EBITDA - CapEx) / 2))); + +Long-Term Solvency Metrics: + +(Tangible Total Assets / Total Liabilities) + +(Tangible Total Assets + ((5-Year Average EBITDA - CapEx) / 2) x 3 Years)) / Total Liabilites; 3 Years can be replaced with the time frame to nearest debt maturity. + +((Current Liabilites + Long-term Debt) / (Current Assets + EBITDA - CapEx)); + +**3) Should I be using Enterprise Value in place of Market Capitalization when valuing businesses?** + +As a shareholder, I feel the value relevant to me would be market capitalization since I'm not going to buy the entire business. However, enterprise value does seem like a truer proxy for value when compared to market capitalization as it takes into consideration debt and preferred. If a buyout were to occur, the acquirer would look at enterprise value, not market capitalization assuming my understanding of the two different values is correct. Does that mean I should switch my definition of market value from Market Capitalization to Enterprise Value? Does enterprise value even concern me since my focus is on the equity side? + +**4) Is Research and Development a capital expenditure and if so, is it included on the cash flow statement under the line "Purchase of Property, Plant and Equipment" (aka Capital Expenditures)?** + +From what I've read, R&D appears to be an expenditure in that the lack of investment in that area leads to deteriorating future performance. R&D, from what I understand, is essentially what drives future sales growth assuming it's done right. Meaning it's a slightly variable never-ending recurring cost of doing business sort of like CapEx. "Unavoidable recurring cost of doing business." + +**5) Is Cash Flow From Operations - Capital Expenditures a good enough proxy for Free Cash Flow when developing Discounted Cash Flow Models?** + +I understand there are multiple proxies for cash flow, but the one above seems to be the quickest to calculate when filtering through large amounts of companies and even appears similar to Buffett's Owner's Earning's figure. If it's good enough for that guy, it should be good enough for this monkey right? So, is this figure reliable and can I use this figure consistently when developing discounted cash flow models or should adjustments be made? I've been looking into Free Cash Flow to Equity lately and that, in some ways, looks like a better metric since it takes into consideration all flows that can be used to pay out dividends. I don't believe CFO - CapEx (FCF) includes proceeds from the issuance of debt which in theory could be used to pay a dividend? If I read my sources right, that debt could technically be used to pay out dividends so it should be considered a cash inflow and should be added into your model's cash flow figure. I need to read up on the topic some more, but if anyone has a definitive answer I'd love to hear it. Just to be clear, here's what I might consider Free Cash Flow to Equity to look like: FCFE = Cash From Operation - Capital Expenditure + (Proceeds From the Issuance of Debt - Payments of Debt) + +**6) Banks... CFO - CapEx doesn't seem reliable in that industry. Does that mean I need to make Net Income my proxy for Cash Flow?** + +I've slowly come to understand that a banks asset values are marked to market each year meaning that book value is actually a decent representation of asset value, but I can't seem to wrap my head around the correct proxy for free cash flow. It appears to be something like this: Net Income - Growth Capital + Other Income. I definitely need to spend more time digging into this, but any leads on the topic would be greatly appreciated. + +**7) Real Estate Companies... Net Operating Income, Funds From Operations, Free Cash Flow, Owner's Earnings, Net Income. Which one of these should I be using if I want to expand my horizon and start looking at these types of companies?** + +It seems like it's dependent on the people in charge of the company. I really don't like that answer because that leaves room to inflate numbers. There has to be one metric that's the best. My thought is, its free cash flow (CFO-CapEx) like any other capital-intensive business. You have a house, you bought the house with debt, you rent the house out, there's a cash flow left over after payments on debt, taxes and maintenance and utility costs. Free Cash Flow right? Hopefully, that's not too simple of an example. It does get my mindset across though. + +That's all I've got for now. I mean I've definitely got more, but I won't bore you any further. I truly appreciate any response to the questions above and I know this is Reddit, so I apologize for the long-winded post and I apologize if you come across spots in the reading that seem incoherent. This monkey is simply looking for some new tools he can craft to make life easier so I hope you can forgive me. + +I hope everyone's doing well and I wish ya'll the best. +More of a reminder really as I'm sure most of us already know this... + +If you understand the importance of having a diverse portfolio and not to react to short term changes (dependant on your goals), there is little point asking strangers on the internet what they think is good to buy or in basing your investing decisions on what people on here think of your portfolio. + +Just because several redditors think, for example, investing in a particular fund isn't the best idea, that's their opinion. If you act on their opinion, it suddenly starts going up and you miss out on it then it's your own fault for missing that opportunity. + +TL;DR Have confidence in your own choices. Don't take internet opinions as objective truth. They are merely opinions. +This goes to show how an over-burdensome and over-complicated, ~70,000-page tax code benefits the rich. Money + Lawyers = Tax arbitrage. + +EDIT: I am a Reddit noob. I'm so sorry. I didn't know you can't have a text post and submit a link. +Here's a link to the article source: [Bloomberg News](http://www.bloomberg.com/news/2010-10-21/google-2-4-rate-shows-how-60-billion-u-s-revenue-lost-to-tax-loopholes.html/) +So I just opened a Roth IRA with TD Ameritrade I have $200 in the account slowly putting 10% of my pay in each 2 weeks +But what do I do now do I just keep putting money in it does it work itself? People are talking about etfs and bonds and stuff and I don’t have a clue about them +(Bloomberg) -- Nikola Corp. has left a trail of inconsistent statements and contradictory announcements that are now coming under scrutiny from short-sellers eager to poke holes in the electric-vehicle company’s success story. + +Hindenburg Research, which holds a short position in Nikola stock and stands to gain if the shares fall, released a report Thursday detailing what it called “dozens of lies” about the company’s capabilities, partnerships or products. The firm used internal emails, analyzed photos and even cited an investigator dispatched to rural Utah to test how far a car would roll down a hill. Nikola said Hindenburg’s report was full of falsehoods but hasn’t offered anything specific to rebut the allegations. + +It doesn’t take a hedge fund or a private eye to determine that Nikola, which struck a partnership this week with General Motors Co., has a pattern of discrepancies. A look at some of its announcements and filings, along with statements and tweets by Chairman Trevor Milton and other executives over the past few years, yields other examples that weren’t part of Hindenburg’s report. “It’s a bit confusing trying to follow Trevor on his various social media outlets about the timing and cadence of communication of the different variables that you’re talking about,” Jeff Osborne, a Cowen & Co. analyst, told executives on an Aug. 4 conference call. + +Nikola’s shares have tumbled 24% since the Hindenburg report, which, among other sources, cited a Bloomberg story from June about the company exaggerating the capabilities of a truck. + +“We are committed to doing our best to keep the investing public and all of our stakeholders informed and up to date at all times,” Chief Executive Officer Mark Russell said Friday in an emailed response to questions from Bloomberg about the following items. + +Under Construction + +At a press event on July 22, ahead of the groundbreaking of Nikola’s Coolidge, Arizona, factory, Head of Global Manufacturing Mark Duchesne fielded a question on when construction would get underway. “That one is an easy answer,” he said. “Start of construction is tomorrow.” + +The timeline was repeated by Milton the following day in a tweet. But “construction” turns out to be a broad term. + +To facilitate the groundbreaking ceremony, the city of Coolidge issued Nikola a temporary use permit on July 13. The document, obtained by Bloomberg, allowed the company to do some limited ground clearing and preparation for holding the event, along with listing a plan for coronavirus safeguards. It didn’t allow further construction to start beyond that. The company also obtained a Pinal County dust permit around the same time, a legal requirement in Arizona. + +On Aug. 7, the company received its at-risk grading and drainage permit, City Manager Rick Miller said by phone. The permit allows Nikola to clear dirt and do drainage work on the site, but as yet the company doesn’t have the permits required for foundation work, plumbing, electrical or vertical construction, Miller said. The permits are available through public-records requests. + +On Wednesday, Nikola said in a tweet that Coolidge’s city council had approved the company’s “factory masterplan” and that “construction can now go forward.” This is only partly true, Miller said. It was the planning and zoning commission that approved a “major site plan.” The approval will allow Nikola and its architects and engineers to apply for the next batch of permits. + +In a statement, Nikola said that by “construction” it meant everything from groundbreaking to seeking permits. Now that its building plan is approved, “the various permits will be obtained in cadence with the steps of the construction. We remain on schedule for Phase 1,” the company said in an email. + +”The factory will be up in 12 months,” Milton said in a live broadcast on Instagram on Friday night. “The permit was just issued by the city. We are all good to go.” + +Puzzling Partnership + +Nikola has a stated ambition of manufacturing hydrogen-powered fuel cell semi trucks by 2023. Since 2017, it has had an agreement for German auto parts supplier Robert Bosch Gmbh to “develop, build, test and support” various components for Nikola’s prototypes including a fuel-cell system, battery packs, steering pumps and motors, according to a regulatory filing in March. + +The details of which partner is contributing what to the project has shifted over time, and the future of the deal has gotten hazier. + +Nikola agreed to pay Bosch around $40 million for the development, according to the filing. In a presentation to investors in April, Nikola described the agreement with Bosch as a “co-development” and strategic supply chain partnership and said the company would jointly own any intellectual property developed with Bosch. + +However, Nikola executives have regularly stated that Nikola designed, developed and will provide much of the technology for its vehicles -- not Bosch. On Friday, Chief Financial Officer Kim Brady said that Nikola will provide only 15% of the parts in battery electric pickups due to be built in Ulm, Germany, while partner Iveco provides the rest. However, he added that Nikola’s input represents 90% of the truck’s value. + +“We are responsible for Nikola Tre -- the batteries, e-axle, e-motors, inverters, BMS system, infotainment system,” Brady said. “All the key electric propulsion systems come from Nikola.” + +As recently as Aug. 25, Bosch has said that it’s “working with the company to make the fuel-cell drive for trucks suitable for mass production.” + +On Monday, Nikola announced that GM -- not Bosch -- will mass-supply a fuel cell system for Nikola’s Class 7 and 8 semi trucks, as well as the battery packs for its debut electric pickup, the Badger. On Friday, Nikola clarified that Bosch will supply semi truck fuel cells in Europe, while GM will have exclusivity everywhere else. + +“Bosch is an investor, board member and supplier to Nikola. They help us in many facets of our business as our partner,” Nikola said. + +Milton bristled at a claim by a Twitter user that Nikola was jilting Bosch in favor of GM. + +“Bosch as a company with a dedicated hydrogen strategy welcomes the decision of GM to enter this market as an important player,” Bosch spokesman Tim Wieland said in an email. “Beyond that, Nikola and Bosch have been working together for several years, not only on the fuel cell power train but also on other innovations like the steering system and the Mirror Cam System for the first prototypes of the Nikola trucks. The two companies will continue to cooperate in the future, also on fuel cells.” + +Game Changer + +Nikola’s narrative about its battery strategy has also shifted over time. + +In November 2019, Nikola issued a press release claiming to have “game-changing” battery cell technology that it would unveil at an event in 2020. Nikola also said it had entered into a letter of intent to acquire a “world-class battery engineering team” to help bring the new battery to pre-production. + +“We are talking about doubling the range of BEVs and hydrogen-electric vehicles around the world,” Milton said in the statement. + +In July, Milton tweeted that Nikola would “make the entire pack like the top guys do” for its upcoming pickup truck, called the Badger. He said that all internal components, such as batteries, inverters, software and controls, are Nikola’s own intellectual property. “We own it all in house,” he said. + +Milton clarified in a tweet on Thursday that Nikola’s change of direction -- to use GM’s Ultium battery technology for the Badger -- was a result of cost analysis and cost savings. + +Beer Trucks + +Back in March, Nikola said in a presentation to investors that it has a “signed binding agreement” to provide Anheuser-Busch with as many as 800 hydrogen fuel cell electric semi trucks. What the presentation didn’t say was that Anheuser-Busch committed to buy fewer trucks than that, and doesn’t have to buy any at all. + +The deal was first announced in May 2018 and stated the trucks were originally expected to be integrated into Anheuser-Busch’s dedicated fleet by the end of 2020, according to a press release. + +That timeline isn’t going to be met. During the Aug. 4 earnings call, Russell, the CEO, updated investors on the deal, saying, “We do believe that we’ll be able to give them test prototypes before the end of 2021; serial production or mass production of the fuel cell truck will not begin until 2023.” + +That does corroborate with the timeline for production set out in a July filing -- and to be fair, lots of people’s plans have changed this year. But in the same filing, Nikola revealed that Anheuser-Busch retains the right to cancel the truck order, though there’s no indication that will happen. The contract also has lease terms and rental rates that may be hard for Nikola to meet, according to the filing, “depending on our ability to develop our trucks and hydrogen network according to current design parameters and cost estimates.” + +The agreement between the two companies states that Anheuser-Busch gets priority of delivery for as much as 20% of Nikola’s initial “production line of Class 8 vehicles.” To get production going by 2023, Nikola must work to have dedicated equipment in Anheuser Busch’s breweries and distribution centers by the end of 2021, according to the deal terms. Anheuser-Busch only agreed to use at least 600 trucks -- the 800 figure, according to the document, is an estimate of what the brewer will need. + +“They have been, and continue to be, a great long-term partner in our shared vision of a zero-emission future (a Nikola Two prototype hauled our first load over public roads for them in St. Louis not too long ago),” Russell said in the statement Friday, referring to Anheuser-Busch. “Our original agreement with them has been modified over time. The current agreement terms are as we set forth in our earnings call.” + +Anheuser-Busch didn’t respond to a request for comment. The partnership with Nikola will help the brewer transition its entire long-haul fleet to zero-emission vehicles, Anheuser-Busch said last November. + +Prototype Production + +On July 13, Milton said European partner Iveco was already producing vehicle prototypes. + +“We have a truck coming in to production right now with 720KwH, the largest battery we know of anywhere in the world coming in to production,” Milton said on the TC’s Charcast Podcast. “We have five of them coming off the assembly line right now in Ulm, Germany.” + +On Aug. 4, during the company’s debut earnings call, Russell echoed the sentiment, saying that the first five prototypes were “coming off the end of the facility at this point.” + +Those statements were a mischaracterization of Nikola and Iveco’s progress in Ulm, according to two people familiar with the matter. The assembly line is still under construction and not yet operational or building prototypes, the people said. There are prototypes being built by hand in a workshop, one of the people said. + +“As stated previously, the first five production prototypes of the Nikola Tre are being completed, by an assembly team at the Ulm facility. Also as stated previously, the Nikola/IVECO JV mass production line facility in Ulm is still under construction, and is on track for the start of regular serial production in 2021,” Russell said Friday. “We anticipate that a number of current IVECO personnel will join the Nikola/IVECO JV production team in Ulm.” + +Nikola’s Guidance + +Here’s when Nikola has said it will hit its big milestones, based on filings, statements and interviews: [ ] + +https://www.bnnbloomberg.ca/nikola-s-history-of-discrepancies-has-been-hiding-in-plain-sight-1.1492855 +So I do brideshare which is basically a cuckold service where grooms will watch their fiancées get dicked before the night before their wedding (don't ask me how I got into it). + +Anyway, my latest match was with a sex worker and her fiancé, an ape who became a millionaire from the original Jan 2021 wave. Not gonna lie, this was one of my favorite encounters. She was sucking me off as he was chanting "HEDGIES R FUK" in my ear. I never coomed so hard in my life. But that's not the point of the story... + +This happened literally 5 minutes ago. Like I'm still balls naked in the hotel room as they're watching me write this shitpost with giddy eyes. + +The most interesting tidbit that they told me was this: a recent match they had was this "Fidelity Senior Advisor." Obviously the topic of GameStop came up and they started talking about the DD. -- Just then, the woman smashed her planet-sized boobies into my face and I was trying my best to listen to what the man was saying cuz I kept being interrupted by titties so forgive me for missing some stuff! + +(FYI i just coomed again, goddamn, these DDs are amazing) + +The man was stroking it in the corner seat as he was saying that the Fidelity Senior Advisor kept saying the DD is real, they are beautiful, and whenever possible, he would love to see the DD again. Obviously between me, the couple, and the Fidelity dude, we all know the DD's are real. They're so real I can taste it. + +This next part will make your mind explode. Please remain seated during this next paragraph. We're about to lose cabin pressure... + +The couple told me that the Fidelity guy said the price would be back to $1. When he said that, I COOMED. Then SHE COOMED. THEN HE COOMED! We all knew what this meant! CHEAP SHARES TO LOCK THE FLOAT. CHEAPER COST BASIS. TURNING MY XXX shares into XX,XXX or even XXX,XXX!! + +Anyway, I am currently covered in coom, sitting naked on the foot of the bed as the couple watches me write this shitpost on my phone as they rub my back. + +Best brideshare encounter ever. + +Alright yea so that's my "trust me bro" story. The DD's are real. Anyone trying to tell you anything different just hasn't touched the DDs. They're beautiful, majestic. + +&#x200B; + +&#x200B; + +&#x200B; + +\*\*\*brideshare is not a real thing. in fact, none of this was real. i'm probably a virgin or something lol\*\*\* +I’ve always been on the outside looking in when it comes to MO. Smoking just seems like a dying product. Being 33 I know of nobody that smokes cigarettes, not one person. I rarely see anyone smoking them either. That, on top of the fact that I don’t understand their dividend, 200% + payout ratio, how do they sustain that?? + +For years I’ve always been like that company is going to die, that dividend will be cut etc etc….but it never does… it has huge drops occasionally but always somehow seems to recover. + +Someone explain this to me, I mean an 8% yield??? what are the main risks here there has be some substantial risks otherwise everyone would just be in MO collecting 8% gains in an uncertain market +There is really nothing left for Bitcoin. The ETF failed. The innovation halted. The infighting is worse than it has ever been. It is technologically behind Ethereum in all respects, even as a means of payment. Seriously, can we just accept it is time to move ETH into the position it well deserves. The dominate market cap. + +Hey, I'm all for Bitcoin making a comeback someday. But without the Flippening, we maintain the status quo. I would even argue Bitcoin NEEDs the flippening as a wake up call. If ETH took over the market cap, the Bitcoin community might enter a phase of mutual cooperation, or at least, hyper innovation, to stay relevant. If you care about the future of Bitcoin, let the fucking thing flip. +Sometimes we have just $10 a week for food. Sometimes we have more. Here is a grocery list I made by food priority so that anyone can eat sustainably no matter your budget. Startat 10 and as you go down the list keep adding food until you reach your budget. + +$10 +Bag of rice +Bag of beans +Oatmeal +Peanut butter +Noodles +Tomato sauce + +$20 +(Add) +Whole frozen chicken +Frozen veggies +Bread +Eggs + +$30 +(Add) +Bag of apples or oranges +Bag of potatoes +Milk +Spices and or sugar + +$40 +(Add) +Fresh vegetables + +$50 +(Add) +Ground beef +Spaghetti sauce +Cheese + +$60 +(Add) +Fresh fruit +Flour + +$70 +(Add) +Deli meat +Cooking oil +Sauces (ketchup, mustard, mayo, ranch, ECT) + +$80 +(Add) +More rice +More beans +More frozen veggies + +$90 +(Add) +Snacks +*Crackers +*Nuts +*Cereal + +$100 +(Add) +Sweets +*Juice +*Ice cream +*Whatever sweet thing you've been craving + + +It maybe not perfect and you can tweak it to your needs but I really hope this helps someone. + + + +India is looking to privatise more than half of its state-owned banks to reduce the number of government-owned lenders to just five as part of an overhaul of the banking industry, government and banking sources said. + +The first part of the plan would be to sell majority stakes in Bank of India, Central Bank of India, Indian Overseas Bank, UCO Bank, Bank of Maharashtra and Punjab & Sind Bank, leading to an effective privatisation of these state-owned lenders, a government official said. + +https://www.livemint.com/industry/banking/govt-plans-to-reduce-number-of-psu-banks-to-just-five-report/amp-11595243683640.html + +Thoughts? +Welcome to Lottery Token! Where all you have to do is hold 18 or more tokens (don't forget to account for the 6% slippage) and you're in every lottery draw for life. You don't have to pay more into them, we don't take tokens out for the draws, you just buy now and hold for life. The minimum requirement will be lowered based on stabilized prices but will never be increased. This is the definition of a HOLD token. + + +**There also just was an announcment for the first side lottery you can play, in addition to your lifetime ticket. Here is the official announcement:** + + +*We will provide you with a wallet address that you can send 5 LOT to (only 5 LOT, don't worry about accounting for the 6% tax). The lottery will be open from now until Sunday 02 May 2021 at 5pm UTC. At which point our moderator Jeff will livestream the draw using a random number generator, (live on screen). All deposit transactions will be numbered prior to the draw and made available to everyone. Every unique 5 LOT transaction sent to the wallet will be a ticket. The more tickets you purchase, the higher your chances!* + +*The winnings will be split 4 ways. 40% to the first place winner, 30% to second place and 20% to third place. The remaining 10% will be sent to the burn wallet, to make one LOT even more valuable. The draw will start with the third place winner and then second and first place winners. All winnings will be transferred live on twitch along with the draw.* + +*The Lotterywallet* +*0x0EFB90AD1558ae0313804A384B647DA788a27a9C* + +So there is still time to get into the side lottery, the devs also just donated \~900$ to make the jackpot more attractive. Current jackpot: \~3100$, current chance is just 1/133! + + +**But how does the whole thing work?** +Each transaction has a basic fee of 6%. 2% is redistributed among all holders, 2% is burned, and the last 2% is going into the lottery pool. When this reaches a quantity of 0.1% of the total supply, it will be distributed to one lucky holder automatically. Since these draws depend on the size and number of transactions, this means that several draws are possible in one day. You do not have to interact with anything in order to win or collect your winnings. Just hold the minimum. + + +**How can I participate?** +Any address with a minimum of 18 LOTs is automatically eligible to participate in the drawings. After that, you never have to pay money or top up. Just hold, and you have your lottery ticket for eternity! + + +**What is the chance and the pot?** +Currently, you have a chance of about 1/4000(based on the number of wallets holding 18 or more), which is incredibly high compared to lotteries in the real world! The pot will fill up to around 1250 LOT with a current value of \~$5000 USD. + + +**What is this buyback everyone talks about?** +From LOT V1 which had a fault in the code (new code audited, no more faults) the remaining Liquidity which is unlocked in September will be used to slowly put into LOT V2 and then burn the purchased tokens, helping further increase the price and scarcity of the token! The remaining Liquidity could be around $50,000 USD. + + +**Roadmap:** + + +*Listing on CMC \[DONE!\]* + + +*Listing on GC \[DONE!\]* + + +*New Side Lottery \[DONE!\]* + + +*Applied on DappRadar* + + +*Refurbished Website* + + +*More LOT related Features* + + +*Exchange Listings* + + +*Buyback from LOT V1 in September* + + +&#x200B; + +**Pancakeswap:** [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7) +**Contract:** 0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + + +**Website:** [https://lotterytoken.net](https://lotterytoken.net/) + + +**Audit:** [https://solidity.finance/audits/Lottery/](https://solidity.finance/audits/Lottery/) + + +**Telegram:** [https://t.me/lotterytokenchat](https://t.me/lotterytokenchat) + + +**Twitter:** [https://twitter.com/lottery\_token](https://twitter.com/lottery_token) +Can anybody help me understand the "physics" behind buying "crude oil" from trading platforms ? + +If i buy crude oil (lets say on ETORO), and if i hold my position long enough, why i do not receive any barrel of oil ? +Would those of you who trade options as your primary source of income be interested in sharing your story? How long did it take you to make this transition and what has helped you to continue moving forward despite losses? + +I started seriously trading options on 8/27. I placed a few trades in Jan/Feb but didn’t really know what I was doing. After a long break, I’m back. + +It has been interesting so far and I hope to make it my primary source of income one day. I enjoy hearing other people’s journeys and like the idea of learning from those with more experience, so please feel free to share any tips as well. :) + +My favorite books on the subject so far are “Understanding Options” by Michael Sincere and “Charting and Technical Analysis” by Fred McAllen. +I am new to the world of real estate investing and don't have any properties under my belt yet. I've been doing a lot of research through books, online forums, following along here etc.. Once I started looking into the actual analysis of properties, I saw that a lot of online calculators would ask for a subscription of some sort and I didn't like the idea of having to go to a website every time I wanted to do an analysis so I made my own spreadsheet that would run the various calculations based off of your input and then perform some of the standard property analysis KPI's such as CoCROI, Cap rate, etc.. + +It's not as fancy as some of the other ones I've seen on here with charts and graphs, but I think its gets the job done and just wanted to see what the community thought or to see if there were any criticisms/suggestions. + +You put your values into the orange/salmon colored boxes and the rest of the fields are calculations. There is a loan amortization schedule below, but I only the first year showing. + +&#x200B; + +If you like it, feel free to make a copy and save it! + +&#x200B; + +[https://docs.google.com/spreadsheets/d/1B5GtCDeBMdpGU36-MzF3vMGt9x1XLck0eeAdXQPaarE/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1B5GtCDeBMdpGU36-MzF3vMGt9x1XLck0eeAdXQPaarE/edit?usp=sharing) +I love the NFT Marketplace and I think most of the art is pretty damn cool, but please be on guard for those taking advantage of SuperStonk's generosity and hype as I'm seeing more and more AI-generated images which require zero artistry or skill in most cases. + +Some of you won't want to hear this, and I fear I'm gonna get downvoted to oblivion... but I would be remiss to not at least throw this out there as more of a 'know what you're buying sort of PSA'. Not going to call anyone out specifically, but there are a number of creators on the NFT Marketplace, some who are making quite a bit money...that are simply using an AI bot called MidJourney to generate art pieces using text prompts. Takes less than a minute to create most of these pieces, and honestly quite a few of the ones I've seen are not really even using the bot very well. + +It's becoming clear to me that a lot of SuperStonk members think they are buying handmade art from these creators, when that couldn't be further from the truth. Now...I'm no hater, if the buyers KNOW what they're buying and realize that these images can be created in less than a minute by AI, then all the more power to everone involved, but based on some of the commentary I've seen, it seems like most apes are not aware that these are AI generated images. + +I create AI art myself and it's a lot of fun, but something feels slightly scummy to me that these are being sold for substantial money to an audience who likely doesn't realize how they're actually created. + +I can simply go into MidJourney and type a text prompt of "Imagine/ Prompt: An portrait of an ape with diamond hands, Norman Rockwell Style" for example, and within a minute I'll have several pieces of art that can be upscaled and sold as NFT's to any unsuspecting folks who think a digital artist has spent hours creating something manually. + +As a fellow artist and GME holder, it pains me to even bring this up...I'm a huge supporter of artists, but I think more knowledge and transparency are required for this situation. I also don't want others who have most certainly seen this trend, take the GME community for fools seeing that many folks are spending substantial amounts of money for these works. Some folks seem to be more up front that works are created via AI than others, so again...I'm not trying to call out specific creators...just want to educate the community here about how this works, because more wrinkles is never a bad thing. + +As a quick example, I created the following ([https://imgur.com/vZBYxUx](https://imgur.com/vZBYxUx)) in less than a minute by using a text prompt of "Ape with a pirate hat, studio portrait". No additional work at all was done, no photoshop touch up, nothing...just text prompt and receive image. + +If this message doesn't resonate with apes, then feel free to ignore...just don't be surprised if this turns into some drama further down the road once more people catch on to what they're purchasing. And again I want to stress, if I've misread the situation and everyone KNOWS this is what they're buying, than I'll crawl into my corner and shut my mouth. +mid-30s, single no kids, no property, Unisuper + +I basically spent way too much time in my 20s studying at university so really only started earning money in my 30s; though I did earn some money in my early 20s teaching at uni I didn't know switching it from conservative option to high growth was even a thing... + +At the start of this year I probably had about 30K in my super? 😅 Further unaided by two separate super funds for most of my early 30s + +I've since switched my asset allocations to higher growth options, rolled my two superannuation funds into one (Unisuper), and my super balance is now \~$35K. I've moved back into the family home during covid to reduce rent/bills + am in process of making career change to something higher-paying - aiming for tech sector - and aiming to increase super portfolio to at least 50K by end of year through personal contributions of whatever money I'm now not paying in rent + the money I'm saving by not really going anywhere during lockdown 😅 Oh - also, didn't make any super withdrawals last year when the government allowed people to dip into super + +My heart still drops into my stomach anytime I look at my super account (which I force myself to do every Friday, just to remind myself it needs work) but starting to feel a glimmer of hope that it's heading in the right direction! + +Long-term I'd love to invest in vanguard and put money aside to buying property, but for now I'm panicking about having enough to look after myself when I'm older, so I figure that's probably my first priority 😅 + +&#x200B; + +Just wanted to share my story to celebrate / to empathise with anyone else out there who isn't really in the right place financially, but taking steps to correct it +How do I make this grow/work for me. I don’t really need it right now and could wait at least a year before touching it. Any advice? + +Pushing 40 here and about to retire from military. Will continue working with a pension coming in. +Do they keep much in cash? In the UK, the insured limit is £85,000, surely it's too risky to keep more than this limit in a bank, even if it is private and 'super safe'? I know Warren Buffet is said to hold a significant amount of cash but surely this isn't sitting in a savings account, no matter how high interest! + +When they put everything on their charge/credit cards, where do they take from to pay these off every month? Do they simply cash in liquid assets like bonds that are being held for this purpose? Surely selling stock, bonds or funds for a car purchase, for example, is risky as the market might be down? + +What kind of rough percentage is held in liquid assets? Bonds, savings accounts etc + +Do they use the same stockbrokers as us? + +Do they allow a financial planner to move their money around for them, leaving them to just worry about the spending? + +If anyone has any insight in to this sort of thing, I'd appreciate being enlightened! Thanks +Want universal healthcare? Socialism. Want universal basic income? Socialism. Want to bailout corporations? Ok how much you need? + +I don't understand why that is ok. Wouldn't it be better if we had companies that can sustain themselves ? Who cares if they fail and jobs are lost. In a free market a competitor will pick up the slack. Enlighten me right or wrong. +I have tagged this a DD but this is not DD into the company or general market rather this is DD into our culture through meme content and how it plays a vital role to our current situation. I think I am comfortable in labeling this as DD at this point as this battle is psychological, so I feel that having the ability to understand how we are digesting the meme content and what role meme content plays on this sub is important. If a mod wants to change the flair please do so. + +***“Imagine being serious that regurgitated and low effort memes are an actual contribution”*** + +\- *anonymous commenter* + +[Seriously, I am.](https://i.redd.it/g592sugtq7671.gif) + +I think that we are under a new sub attack by shills and this one seems to be focused on **what we need to/should be thinking and focusing on, this appears to me to be the most dangerous attack on our subreddit as it is directly attacking our culture in an attempt to turn apes against each other, and appears to try and dissuade apes from creating fun content and upvoting that content.** + +A couple of things clicked with me following some comments on this sub so I decided to write about this subject so that we can better understand ourselves and hopefully combat this latest attack. I think this is an important thing to be able to do if we are to stay on track and prevent forum sliding, etc. While I don’t want to disclose my full credentials as I do not want to further identify myself, my formal studies are essentially based in critical and creative thinking, cultural studies, arts and writing, etc. Essentially I understand the importance and effect of imagery. + +It may be anecdotal but I have noticed a significant increase in discussion around the topic of memes and if they should/should not be on the front page and yadda yadda. It seems to me there is a concerted effort to try and discredit the use of them and I personally believe that the memes we create are a legitimate threat to the objective of SHFs; at least a meaningful part. + +Just a few questions to kick this off that I want you to think about, I won’t attempt to answer these but I want you to think about them yourself. + +1. Would we have a floor as high as we do without our use of memes? +2. Would we have the members/audience that we do in this sub if we stuck strictly to DD and did not also use humor through the creation of our memes? +3. The US government understands the importance of using memes, why would a forum that has a membership base mostly because of them be trying to distance themselves/discredit their use? + +u/heizungsbauer89 linked to me a document produced by the U.S. Government Entitled: + +[https://apps.dtic.mil/sti/pdfs/AD1052398.pdf](https://apps.dtic.mil/sti/pdfs/AD1052398.pdf) + +**“Exploring the Utility of Memes for U.S. Government Influence Campaigns" by the Center of Naval Analyses”** + +**Abstract** + +*The term meme was coined in 1976 by Richard Dawkins to explore the ways in which ideas spread between people. With the introduction of the internet, the term has evolved to refer to culturally resonant material—a funny picture, an amusing video, a rallying hashtag—spread online, primarily via social media. This CNA self-initiated exploratory study examines memes and the role that memetic engagement can play in U.S. government (USG) influence campaigns. We define meme as “a culturally resonant item easily shared or spread online,” and develop an epidemiological model of inoculate / infect / treat to classify and analyze ways in which memes have been effectively used in the online information environment. Further, drawing from our discussions with subject matter experts, we make preliminary observations and identify areas for future research on the ways that memes and memetic engagement may be used as part of USG influence campaigns.* + +While I do not have too much time to get into the nitty gritty of every part of this document it has some key notes I have provided here: + +*The effective use of visual memes is not limited to counter-radicalization efforts. While memes certainly have utility in that area, they have also been deployed productively in response to terrorism more generally, to disinformation campaigns, and to government censorship.* + +*• The range of visual memes being deployed in memetic campaigns is far reaching. In some instances, the format is the familiar one of combining a well-known picture with words following an established grammar. Other vi examples include doctoring situationally relevant images, creating brand new images with distinct messaging, and pairing images with common cultural references.* + +*• Visual memes often (though not always) use humor, irony, and sarcasm in order to resonate emotionally.* + +*• Visual memes often transcend individual cultures and languages, and can reach broad communities of disparate actors in the online information environment.* + +*• Well-targeted visual memes are culturally specific and situationally narrow. This may seem to be a direct contradiction of the previous observation, but it is important to acknowledge that while memes may be understood across wide swaths of humanity, they will likely be particularly meaningful within specific cultures, languages, and situations.* + +*• Visual memes are utilized by all manner of online actors—governments, non-governmental organizations (NGOs), non-state actors, and individuals.* + +*• Visual memes have been used effectively at the tactical level (e.g., combatting local government censorship) and the strategic level (e.g., against North Korean missile tests).* + +Here’s how some of these above points are being executed on our sub through the creation and use of our memes: + +***Visual memes often transcend individual cultures and languages, and can reach broad communities of disparate actors in the online information environment.*** + +&#x200B; + +[Posted by u\/Expensive-Two-8128 1 month ago in r\/Superstonk](https://preview.redd.it/j01kjjulr7671.png?width=1270&format=png&auto=webp&s=5ef093ad68d7478a82c0b57d3af796fabbe98a22) + +Our memes have quite literally been spreading valuable information and broad concepts to audiences that would not normally have an interest in the subject; I know when I personally got into reading about gamestop the first thing that drew me in were the funny memes. I was able to connect with them on a level that news articles/DD into the company could not because I was not experienced or knowledgeable enough in those subjects. + +I think this is why we have been able to as a subreddit grow the sub so quickly, as our funny memes reach the front page, in conjunction with our excellent DD and news revolving around the stock other users on reddit who may not have an understanding of these concepts can quickly make new and important connections through memes that are then translate into understanding of DD. + +***Visual memes have been used effectively at the tactical level (e.g., combatting local government censorship) and the strategic level (e.g., against North Korean missile tests).*** + +***WARNING 3 MONTH OLD MEME AHEAD I AM NOT PRICE ANCHORING. THIS IS AN EXAMPLE OF WHAT I AM DISCUSSING. I ALSO AM USING THIS MEME SPECIFICALLY BECAUSE IN MY OPINION IT IS THE MOST IMPORTANT INSTANCE - "100K IS NOT A MEME" - THAT A PRICE MOVED FROM BEING LITERALLY JUST A MEME TO BEING THE FLOOR.*** + +[Posted by u\/sleepdeprivedzzz 3 months ago in r\/gme](https://preview.redd.it/f9vsby74r7671.jpg?width=376&format=pjpg&auto=webp&s=3318eb1fc753bed14d1e42a3b0a27bda3be0171a) + +&#x200B; + +[ Posted by u\/pepe\_\_\_\_\_ 10 days ago in r\/Superstonk](https://preview.redd.it/h75z5xpxd9671.jpg?width=960&format=pjpg&auto=webp&s=74027352069319dcbde2f93ee38beb7724539674) + +Our memes have been used to create new “floors” on the stock price, or even keep our attention focused on the subject by pointing out blatant forum sliding, etc. Remember back in February/March when we had a low floor of $100,000, the meme at the time was “*$100,000 is not a meme*”, eventually this meme developed into our actual floor, now it is much higher of course as we have more knowledge on the subject. Without the birth of these memes I doubt we would have the accepted or ideal floors that we do. + +Added 1:34: Some users were wanting me to source memes with higher floors than the one above because of fear of FUD, and I have noticed something really interesting when looking for memes with higher price floors, it appears to me that there were far fewer of these higher price floor memes created than the lower "100k is not a meme" posts. What I think this may suggest is that, since we have already broken through the barrier of "100k is not a meme" with the use of memes, the memes created with higher price floor's have more impact - they don't need to be reinforced constantly. This may also be due to the fact that we have more information than we had before but this could be an interesting perspective. + +We have even used memes to assist with the dissemination of good exit strategies (not financial advice) see below. Post title reads "My Wife and I after selling 1 GME (on the way down) ; after the real MOASS.", this cleverly and quickly tells us a number of things: + +1. hold gme +2. sell on the way down +3. the price will attain extremely high value that selling just 1 share is more than enough + +The simplicity of one sentence combined with one image, is incredibly successful in conveying the message that it wants to, and anyone within this sub or outside this sub can relate to this meme. + +&#x200B; + +[Post Title \\"My Wife and I after selling 1 GME \(on the way down\) ; after the real MOASS.\\" Posted by u\/daarthVapor 5 days ago in r\/Superstonk ](https://preview.redd.it/hndyvmr2s7671.jpg?width=276&format=pjpg&auto=webp&s=7f689c07bdc7615e266cc99566db2a6ee853c5b0) + +***Well-targeted visual memes are culturally specific and situationally narrow. This may seem to be a direct contradiction of the previous observation, but it is important to acknowledge that while memes may be understood across wide swaths of humanity, they will likely be particularly meaningful within specific cultures, languages, and situations.*** + +&#x200B; + +[ Posted by u\/utopian\_potential 1 day ago in r\/superstonk](https://preview.redd.it/anwiznjus7671.png?width=706&format=png&auto=webp&s=55f9209fb11c77aca3fa986774037c0c1f9811f9) + +I think a good example of this is the “Knight of New” content. I would argue that this is a sub-culture within r/superstonk and an important one as well - which is why there is likely increasing attacks against the knights of new. If memes are created that paint the knights of new in a positive light or in a fun way, more users will be inclined to look closely at “New” and start policing it themselves as well, I know I did when I saw these memes, and I actively now spend time on “new” downvoting and reporting content that is irrelevant to this subreddit because of the memes. + +There is a good meme trending on the front page right now which cleverly fights some shill tactics and FUD. I would consider the anti-fud and shill memes to be relatively newer, 1-2 months of age now because our sub has been attacked a number of times. + +[ Posted by u\/Lequids 5 hours ago in r\/Superstonk](https://preview.redd.it/hihxx2hgc9671.jpg?width=640&format=pjpg&auto=webp&s=a9eff522e8b33d4c72052cabc01f5c6681873bd8) + +&#x200B; + +[ Posted by u\/Gh\_stToast 21 days ago in r\/Superstonk](https://preview.redd.it/fedjbtw2g9671.jpg?width=1920&format=pjpg&auto=webp&s=898c5e3b9af6996358fa6f4c8f8df411ad272438) + +The above post clearly ridicules shitty FUD bots, which helps users to be not only more critical of what they are reading on this subreddit, but the bots that do exist and contribute negative content. It also sheds light on the fact that these shills/bots are attempting to blend in through exposure of the fact that the bot/shill used "imaginedragondeez69" as a username. + +Here are some of the objectives of memes I have seen used on this sub whether we knew it or not: + +1. Create critical discussion on a subject +2. Disseminate information in a quick and digestible way +3. Create hype/inspiration +4. Be a form of entertainment +5. Create a sense of community + +I can expand on this thought if there is interest in it, but I hope this helps to understand what we are doing on a cultural level so that we can better prepare ourselves against subreddit wide attacks. + +Adding 1:45pm EST: I am absolutely worried that memes can be used against us, so much like good DD vs. bad DD we have to be mindful of what we are promoting by the means of upvotes. I hope that this post can at least remove a veil that there is something in fact happening with memes, and that we must consider them critically. A big factor to consider is the timing of a meme when posted. A good meme 3 months ago may be in bad taste today, for example had the Batman meme above been posted as a dedicated post today, it would be most certainly price anchoring FUD. + +https://preview.redd.it/z1hkv08gt7671.jpg?width=400&format=pjpg&auto=webp&s=08b1e4f01cd8f3d7a9bc7d47ed57f5dc022d2035 + +Real TL;DR: Our memes are an important tool on this sub and I think there may be a planned attack on the use of them in this sub to create division or reduce our ability to quickly disseminate valuable information. + +This is not financial advice... obviously. +More than any other investment, I find crypto's dips and moons to be less tied to real world events. If the stock market or real estate market crash, there is usually a very easily identifiable real-world reason. You just need to open the news and check the headlines. + +But with crypto I find that the market is disconnected from real world events. China bans crypto? No effect up or down. Normal Tuesday? Market plunges 10%. + +With this in mind, was there an actual reason why the crypto market plunged today? I can't see any particular reason why it happened today or what events or news it was connected to. + + +*EDIT: Lol this sub is so trash. 75 comments only 1 or 2 actual attempts to really discuss what happened yesterday. Everything else is eye-rolling moon-farming attempts.* +I checked out from work 9 months ago at $9M+ NW(in tech). I am 50M with couple of kids. annual spending is $230K/yr + +I have been enjoying my time off with kids, but a lot of travel I was hoping for is not panning out due to Covid. + +Recently I got pinged by a recruiter and they have a position at VP/L10 at one of the FAANG. I was not really serious, but they really liked my background and would like to see if I can come in. + +two questions. + +Should I even bother? Only way I would consider is doing this for 2\~3 years max ( while keeping hourly under 50/week) 'till kids goes off to college and Covid thing is really over. + +Also any idea, what VP/L10 would pay at FAANG? $1.5M? $2M? if it's $1M, prob isn't worth the effort after tax (\~$500K). I looked at [level.fyi](https://level.fyi) and other source, but VP Comp info is very hard to come by.. +&#x200B; + +[Parabolic Strudel - The Ingredients](https://preview.redd.it/emiby2pitw571.png?width=457&format=png&auto=webp&s=3e4afde797086bea502f76ad20a725d6f154a790) + +# Preface + +I've been following the extreme patterns and data points that GME presents for the better part of the last year. In that time, I've been refining a few theories specific to parabolic behavior. Whether at the 1-minute level or at the 1-day perspective. I have found that depending on the market conditions and with a particular set of variables, the price action for GME can be rapid and to a degree predictable. This analysis will show you a pulled-backed perspective and how the measure of 7 is the difference between a parabolic event or not. + +# The Theory + +**The RSI level for GME is being suppressed below the value of 53. If suppression were to lessen or stop, the strength and price action of GME would rapidly ascend with an unknown trajectory would persist.** + +*"Madie, so what you're saying is if GME gains enough strength and begins below RSI 53 and ascends past it to RSI 60 at the 1-day chart, that a parabolic event will happen?" - Yes!* + +[I am not a cat, but I am a fan of The Doctor.](https://preview.redd.it/8blejy727y571.png?width=1600&format=png&auto=webp&s=f2d232d539af7c0ef98b383391e574bb036abdbd) + +# How accurate is your data? + +I float on a few discords, I've been vibing on the WSBN Discord as of late.💚 At times, I will test data in real-time to gauge momentum shifts, whether negative or positive. I don't let people know the outcome to mitigate someone taking it as financial advice. I have a solid pattern of momentum shift predictions. At this point, the theory work is very close to near accuracy. In the chart below, I indicated a time and momentum shift. It just so happen to extend into a parabolic event. + +[A different theory measured at the 1-minute level.](https://preview.redd.it/owggil0prx571.png?width=672&format=png&auto=webp&s=2c2a91642df9741c636afb8a6c598a9eee831bae) + +**A few of my previous theory posts**. + +[The Theory on GME Parabolic Activity](https://www.reddit.com/r/Superstonk/comments/nn4a59/the_theory_on_gme_parabolic_activity/?utm_source=share&utm_medium=web2x&context=3) + +[Working Theory of Parabolic Events 2.0](https://www.reddit.com/r/Superstonk/comments/neopc9/working_theory_of_parabolic_events_20/) + +[I'm bullish - Testing my Parabolic Theory](https://www.reddit.com/r/Superstonk/comments/nuutpg/im_bullish_testing_my_parabolic_theory/) + +# Indicators & Purpose + +I see the potential value of this theory work to help define or create novel indicators to understand market conditions and landscape. All indicators use specific and public data points to provide us with a measure, not an answer. When the MOASS comes and goes, many of us will return to the market. I want to apply my theory work towards enacting change and scaling indicators based on the lessons learned and data related to GME, Shorting, et al. Indicators are in need of a refresh. + +[https:\/\/www.investopedia.com\/top-7-technical-analysis-tools-4773275](https://preview.redd.it/9vaet9zvsx571.png?width=610&format=png&auto=webp&s=438023852753e66d8f7445f7ac82c010accd1cda) + +# Why should we care about new indicators and crazy theories like this? + +**Exhibit A** \- PLEASE WATCH JUST 2 MINUTES - Sorry, not yelling, but this sums it up and I'm sorry if you punch your screen. + +["How Ken uses your behavior and his Quants take advantage of the retail trader."](https://youtu.be/5KOT0_I4Fvw?t=154) + +*"Ken,* + +*I'm Madie, a human/ape Quant that has found your patterns in mere months. Your Quants are weak."* + +&#x200B; + +https://preview.redd.it/hyhlj9i61y571.png?width=570&format=png&auto=webp&s=b67323219d936dfd04f1b37e588ab489df830e52 + +# The Many Big Brains + +I have been very fortunate and humbled to be invited and collaborate within a few big-brain quant groups. I have found that many DDer's are finding quantifiable data but it doesn't exactly match up with other DD's to create a consistent argument basis. A good example is whether the T21 date is right or what is truly driving FTD data? The calculations line up but don't always align with the border theory. + +It is my opinion that it isn't a matter of whether the DD is wrong. If the data is verifiable and can to a degree be quantified, then I feel that this is a new pattern of suppression that has been discovered. + +Some will argue that the DD is simple, buy and hold. With that said, the evolving DD is still important work, it very well could uncover the manipulation of the system that is suppressing GME. All these patterns and data points will be validated when hedge fund data is made more public in the future. I foresee the correlations between the DD's we know of today and connections to specific patterns connected to Algo trading patterns. I think much of what we see is the patterns starting to become more obvious. + +So let's dive a little deeper! + +https://preview.redd.it/v3lfipkvtx571.jpg?width=1995&format=pjpg&auto=webp&s=0de76dbc516cc6fc005e43b7835b54369d7a727c + +# The Deep Dive + +In this deep dive, I found a consistency of parabolic activity triggers. This measure of parabolic activity is specific to GME. The practice of shorting GME greatly influences the suppression of the strength and momentum of GME. + +&#x200B; + +[It's colorful and this is worthy of absorbing. It is the magic variable.](https://preview.redd.it/v0posaxalw571.png?width=470&format=png&auto=webp&s=75a84c5f62782bceb56831344ce603c77c4dbe97) + +# The Visual Indicator + +Parabolic occurrences are represented using rockets. The size represents the strength of the parabolic event. RSI 53 ascending to RSI 60 = Parabolic Event + +[I would recommend opening the chart in a new tab. The devil is in the details.](https://preview.redd.it/d2wkjnrviw571.png?width=3140&format=png&auto=webp&s=29721d3aaf783fec2c2ceabe6345b0b167f6ecfd) + +&#x200B; + +[Parabolic Events are defined when RSI exceeds a value of 70+.](https://preview.redd.it/47zb03uzkw571.png?width=437&format=png&auto=webp&s=ed7c95cf0687de4574d92c013781e48ecad66994) + +# A Closer Look + +This chart began at 5/3 using the daily chart. Notice the daily RSI build and eventual outcome of a parabolic event (RSI 70+). + +[GME Chart at 1D, starting on 5\/3 - 5\/27](https://preview.redd.it/reo2zwguxw571.png?width=2704&format=png&auto=webp&s=a1741235af3dd0ba8fb889e14af5152679d61fdd) + +# Quant, you say? + +Here is the quant data pertaining to the reasoning and use of RSI 53. I used a frequency polygon to determine the median factor of all RSI levels. 53 was the winner. + +&#x200B; + +https://preview.redd.it/jqivil2vrw571.png?width=456&format=png&auto=webp&s=afc9d0933afc4ffb7ab46cd720fdb942c7571184 + +The frequency data set being used is between 8/26/2020 - 6/17/2021. The frequency represents the number of times that RSI dropped from RSI 53 to a value below 47.00-53.99. + +&#x200B; + +https://preview.redd.it/17amvxcmcw571.png?width=1041&format=png&auto=webp&s=cfc6084f19cd4fd3fd0a1daaccc68c3a2b7f5c34 + +The number 53 represents the lowest number with the highest frequency of being a part of parabolic price action. + +[Winner Winner, RSI 53 is the magic variable.](https://preview.redd.it/te3xpnyqcw571.png?width=134&format=png&auto=webp&s=44fa322c40d024e0ab5a3844302ad63496b41426) + +[A standard chart.](https://preview.redd.it/hngos60ucw571.png?width=450&format=png&auto=webp&s=31dd3230da295b590c7fd3f3e384fbfb0a9300d8) + +# Conclusion + +If GME were left to run past RSI 53 and ascend to RSI 60+, the result would be a parabolic event. It's as simple as that. GME is influenced by many factors, but the data in this analysis should conclude that between RSI 53-60, the factor of 7 is what remains between the parabolic and the suppressed state. The fact of the matter is that this method is beginning to show a trend towards a declining slope of effectiveness. Educate yourself and keep your head on a swivel. 💚 + +&#x200B; + +[...or is it?](https://preview.redd.it/cixamn8vqx571.png?width=496&format=png&auto=webp&s=1295d88f12ba849d87310aa97b681b5a92eae620) + +**Sources** + +[GME - Shares Short](https://www.ortex.com/stocks/26195/shorts) + +[Technical Indicators](https://www.investopedia.com/top-7-technical-analysis-tools-4773275) + +&#x200B; + +**Update:** + +Oh hey there! Wow, I should post more DD's at Midnight. Thank you to everyone who has liked, awarded, or commented. Save the awards for tendies. I am just very happy that the data caught your attention. + +There has been some discussion on correlation does not imply causation. I am reminded of it each time I draw new conclusions. My process challenges the conventional methods and the understanding of the current market structure specific to GME. Admittedly, the way I use RSI is considered unconventional in nature. In this analysis, I wanted to demonstrate how the measure of 7 is the difference between a parabolic event or not. I felt I was able to accomplish that. I didn't say I was also going to include the secret sauce ingredient list. 😎 + +Who would have thought that a kite would have been a part of the discovery of electricity? A kite was never designed to be used like that, but here we are. We evolve with the tools around us and sometimes, we stumble across new perspectives that help shape novel methods to produce new tools of measurement. + +I ask that you keep an open mind. Pull back the lens of perspective and get you a wrinkle or two.💚 + +&#x200B; + +**TL;DR: Keep Holding! 🦍🚀🍌** +This notice is for the shills, shorters, and had actors that are against the DRS GME movement; + +I see you every day getting angry at a bunch of strangers all over the world who are directly registering their GME shares for some reason. + +I see you doing everything in your power, legal and illegal, to stop MOASS from ever happening. + +It’s honestly hilarious in an ironic way. Every day you have to spend every waking second trying to stop MOASS when all we have to do is play by the rules and just ignore our shares until they’re valued at phone digit numbers. + +But here’s the thing; + +**You haven’t even come close to disproving our DD since this saga began over three years ago.** + +And until you can, no amount of dark pool trading, media and analyst FUD, forum drama, or time is going stop what’s coming. + +So come on. What are you waiting’s for? + +What’s been stopping you from using your obvious intellectual and financial superiority to stop us once and for all? + +I dare you. Do your worst. +I'm planning to hold the fund in a debt fund(HDFC Short Term Debt Growth Direct Plan) and then trigger STP towards the below funds. + + +1. UTI Nifty Index Growth Direct Plan -10 +2. ICICI Prudential US Bluechip Equity Growth Direct Plan - 40 +3. Axis Bluechip Growth Direct Plan -25 +4. Axis Long Term Equity Growth Direct Plan -25 +&#x200B; + +[Wonder how many premium-sellers get scared when their short option is touched, scramble, buy back, adjust, panic et al? ](https://preview.redd.it/1upnsu7y06r81.png?width=286&format=png&auto=webp&s=c7d482dd20578ec41c035e7cd22b0f3902a6607d) +Been considering getting a 2nd job for some time now as my current software job doesn't pay nearly enough to secure a mortgage in Sydney (bank will only lend me up to 400k on my current salary due to new requirement from the bank to increase interest rates by 3% from next year). Obviously, 400k isn't gonna buy you a thing in Sydney so they told me I need to find a way to make an extra 30k a year somehow. + +Does anyone know of any jobs/things one can do to make an extra 30k a year while working full-time? Preferably on weekdays +I’m 23 years old, have a stable income, and have $30K in student loan debt at 4.5% interest. Interest is on hold until November 2021 and by that time I will have enough cash on hand to pay it all off. I’m currently renting and this would push off the possibility of me buying an apartment for a couple years as I would lose down payment money, though I’m not in any real rush to buy. Alternatively I could throw this cash into the market. What would you do in my shoes? Happy to provide more context if wanted. +I don't know where else to post this without bieng ridiculed. It'll sound odd, I get it, but I want your opinions and advice on this. + +&#x200B; + +My parents are in their late 60's, they have a net worth of 30 - 35 million, liabilities are just less than 3 million. My dad owns several businesses and commercial real estate, my mom is a partner at an accounting firm, she will be retiring soon(she's been saying this for 10 years so who knows). They have lots of income sources, some of which I don't know the exact number of, but all together, it's in the low millions per year. You would think they would be living the fatFIRE lifestyle after accumulating so much wealth in their lifetime. Unfortunately, it's not the case. + +&#x200B; + +They live a very *lower middle-class* lifestyle. It's reached beyond regular frugality to the point where I've started to become worried about them. Their house is 20 years old and it's falling apart. They won't pay for any repairs to be done, there are 4 bathrooms, 2 of the toilets don't work, 1 of the showers doesn't work, the deck railings are broken, floor tiles are cracked, bed frame missing wheels, and a lot more issues . I went ahead and hired a cleaning service myself, which my parents canceled after the first visit because "they are rip offs". + +Even things they use everyday like TV and the internet, phone, they get the cheapest plan possible (slowest internet, no phone data, IPTV). My mom spends hours clipping coupons to go shopping, dad only goes to Walmart to buy clothes. It seems like they are sabotaging themselves to live a lower quality life for no good reason. + +I've tried to talk to them rationally about this but they don't see an issue with it. They have no problem spending money for businesses or investments, everything they make pretty much goes to investments or stays in the business. One of many examples, my dad will buy $30,000 worth of TV's for his stores/companies but the TV he watches at home is less that $400 and badly damaged. + +&#x200B; + +I know this is a very first world issue. Is there anything I can do to help them live a better life? +Hi guys, sorry for the clickbait title, but it’s an honest question. + +I really don’t want to make this post too personal, but my dad was just diagnosed with terminal cancer. We think he might have only a few months left. I’ve helped him run his real estate business for the last 4 years, which he started 30 years ago. We own and operate multifamily apartments in LA. He’s urging me to look to the future, and he sees the sale of the properties for estate tax purposes as an opportunity for my brother and I to move into a less expensive, more cash flow oriented market. We expect to have around $5M from the sale after taxes. I have some ideas that I’ll outline here but I’d love feedback and advice. Multifamily is what we know so preferable I’d like to do that in whatever market we agree on. + +1. Phoenix +Pros: cheap, close to LA, decent cash flow, huge population growth + +Cons: popular with investors, isolated geographically if market slows down, would be a big lifestyle change for my wife who grew up in a snowy country + +2. North Carolina +Pros: many growing markets (Charlotte, Raleigh, Asheville) and close to Atlanta, Chattanooga, Charleston, affordable, decent cash flow + +Cons: I’m worried about housing availability in places like Charlotte, where there’s plenty of land to expand as demand continues to grow + +Honorable mention: Texas. Texas worries me due to high property taxes and the fact that everyone and their mom knows Austin is the hot shit right now. I don’t doubt there’s money to be made but as a first acquisition for myself I’m a little intimidated to get into bidding wars with larger, more established investment companies, but maybe this is unfounded? + +Im wary of population growth in much of the Midwest, but I’d be open to having my mind changed. + +Would love new suggestions or critiques of my choices, this might be the biggest decision of my life so any help would be greatly appreciated. I’m not looking for syndicators or passive investment strategies — multifamily real estate is all I know at this point. +Return on investments are not expressed by months, weeks or days. They are expressed *annually*. + +So when you say, "*You can get 2% of APY/month*", or "*with a 1% interest/week*", or "i*f you coumpound interest on a 10% APY*", then you sound like a fool. + +There are two different acronym you *need* to understand. + +**APR** : Annual percentage rate; it's the annual rate of return on an investment, **without any compounding**. + +It's basically the return you realise by lending (or staking, etc.) an asset after a year, if you do not touch it (no compounding). So, if you invest $100'000 with a 10% APR, you will get a return $10'000 after a year (10%). + +**APY** : Annual percentage yield ; it's rate of return earned on an investment, **taking into account the effect of compounding interest**. + +It's the return you realise when compounding the interest whenever it's possible to do it. The compounding can take place daily, weekly, monthly, annually. It depends on the terms & conditions of your investment. + +**Compound interest**: it's the fact the interest accrued on your investment is (automatically/manually) added to your investment and start accruing interest as well. + +An APR where you can compound interest daily is going to be a much higher APY than an APR with monthly coumpounding. + +Let's take a few examples: + +* 12% APR. That's 12% per year (or 1% per month if you want). So if you invest $100, you get 12$ a year (1$ every month). After a year, you have $112. +* 12% APR allowing you to monthly compound. That's a 12.68% APY. So if you invest $100, you get 1$ the first month (that you coumpound), $1.01 the next month, $1.021 the third, $1.0303 the fourth, and so on. +* 18% APY with a daily compound, is a 16.56% APR. +* 45% APY with monthly compound, is a 37.18% APR. + +If you want to understand how to convert your APR to your APY, you can head there: [www.aprtoapy.com](http://www.aprtoapy.com). There are also the mathematical formulas and explanations. + +I hope that helps some of you to better understand the financial aspects your investments and use the correct terminology, so you don't look and/or sound uneducated. + +Have a great day! +Hearing about the excellent DD that has quietly been deleted from reddit in sneaky ways is very troubling. Powerful people are using money and influence to attack freedom of speech. I propose that authors repost their amazing work of some of the classics backed up here: + +[Library ](https://fliphtml5.com/bookcase/kosyg) + +So it can be upvoted to r/all to get it more exposure. This has the added bonus of giving these authors more of the delicious karma they deserve. Most importantly it sticks it to the criminals who improperly deleted it in the first place. + +Kudos to DD writers and the apes who do an excellent job backing things up. 🦍❤🦍 MOASS is inevitable! +I know it’s possible. But how realistic is it? Especially someone who is fairly new to day trading. + +I have been involved with stocks for a couple years and lost enough in options to learn a bit about it. But I’d like to get to a point that I could trade as a full time job. Thanks +I've been craving owning a vacation home in an area that I can escape to when the weather changes or for when I just want a change of scenery. I get less excited very fast when I read about other people's experiences. And thinking about maintenance. If a hurricane comes, and I am a thousand miles away, etc. The guilt of not using it. Basically, more headaches than benefits. A potential money pit, too. + +So, I came up with another idea. Curious if anyone has done something similar. + +Since one of the benefits of owning is being able to keep your personal items there and having a car sitting in the garage for you is great, what if I were to rent a large climate controlled garage with storage. I could store all my stuff plus a car (e.g. SUV). Then I could AirBnb a house whenever I need it (weekly/monthly). I just go to my storage unit, put all the stuff I need in the car, and part it at the house while I'm here. Then store it away into the unit when I go back to my primary residence. Easy! Tell me I am crazy... +There's been a few posts I lowkey get a FUD vibe from. Fully digestible, super easy steps on having a custodian DRS your GME with ComputerShare. + +Except... It takes weeks because of Snail Mail and it costs hundreds of dollars just to have each process set up. All the while I recorded a 45min conversation with a Fidelity rep that was one of the only bad CSR's I've had the displeasure of dealing with saying in his whole 15 years and 4 months in the financial industry he had never heard of a DTC W/T Transmission + +***As of Feb 14th*** ***Fidelity will not initiate custodial held shares to be DRS'd to ComputerShare.*** + +He couldn't send me an email of the document, he lied about saying he couldn't do anything more than send a click for a template email from his system when I've received plenty of internal customized messages previously to my Fidelity account. + +We went around in circles, from it first being a rule, then a policy update and finally a reiteration of what was already not ever a possibility for Fidelity. I never received an answer on if it was within the technical possibility would it be their rules or their system limitations that would stop them from doing so. + +Redditors for months have posted the same thing and I'll just reiterate it **real quick for anyone else that doesn't know you can DRS your IRA to ComputerShare as easily as any other DRS:** + +* Call your broker, ask to transfer your IRA GME to a ComputerShare Custodial Held IRA +* Explain you are requesting to initiate a DTC W/T (*Withdrawal by Transfer*) Transmission +* Request for them to stay on the line while you call a ComputerShare rep (open from 9am-6pm EST) to merge a conference call \[Their CSR line is (800) 564-6253\] +* Verify that CS's DTC#7807 is the location where this transfer is being to initiated to + +**(\*Quick Edit: ComputerShare Investor Relations Phone: (817) 424-2001 | Email:** [**investorrelations@gamestop.com**](mailto:investorrelations@gamestop.com) **|** [**ComputerShare Individual IRA account creation link**](https://www.essential.co/stock-information/dividend-reinvestment-and-dspp#:~:text=Individual%20Retirement%20Accounts%20(IRA)%3A&text=In%20all%20subsequent%20years%2C%20twenty,%2D800%2D472%2D7428) + +\^ From the link above\^ ***You may establish an IRA, Roth IRA or a Coverdell Education Savings Account which invests in Essential Common Stock through the Plan. IRA contributions and rollovers do not count against a participant's $250,000 annual investment limitation. There is an annual maintenance fee of $45.00 charged by the IRA and Coverdell Education Savings Account Trustee, which we will pay for the first calendar year in which you participate. In all subsequent years, twenty five dollars ($25.00) of this annual fee will be charged to you, with the balance paid by us. For information about opening an IRA, call Computershare Trust Company's IRA Specialists at 1-800-472-7428.)*** + +# Edit over, just calling out FUD comments + +**Don't believe their lies** + +**My rep had to be poked & prodded to admit if ComputerShare was an IRA custodian he would be able to begin the transfer** + +**They want to act dumb and gaslight you to think you're dumb as if you're trying to DRS your shares from an IRA account rather than a simple transfer of assets to another custodian.** + +&#x200B; + +If this went out internally to every single Fidelity rep this week, but not posted anywhere online or in the app/web portal I could find after searching pages and pages of different search results, PDF results and news on Google, then things are getting scary. + +Why would they send out a huge written policy document "updating" rules that have always existed but never been enforced before. The week before the MACD is roaring past the signal bar after its signature drop beneath, bump up for a quick breach and dive back down until once it pushes past the signal line is exactly consistent for each of the last 3 quarterly rollovers. Hell we even had the thursday dip after a neutral wednesday before the next week's breakthrough. + +Clog up their lines, take back your property, don't let your retirement pay for the artillery used against you for the 08' equivalent of buying CDS's knowing what's coming while people are buying homes at the highest point in the housing market since... well 2007 with a pandemic, 15% inflation by previous measurements, record walkouts and unemployment. The economy can only be propped up weekend at bernie's for only so long before the corpse starts smelling and Wall Street gets their party shut down. + +Come Monday, I honestly don't know, but I'm not trusting Fidelity. They've shown they're just the Boomer's Robbin' Hood and with EToro literally closing out account positions, there's probably if at any stocks left that are cheap enough to not cause a gamma spike just from having to cover the FTDs. + +\------------- + +BTW It's very much illegal for you to be told you can't transfer your shares. In case they start saying company policy will be followed over the law: + +SEC: hotline for prevention of share transfers (800) 732-0330 | [investor.gov](https://investor.gov) | [SEC.gov](https://SEC.gov) + +FINRA: (301) 590-6500 | [FINRA.org/Investors](https://FINRA.org/Investors) + +NASAA (North American Securities Administrators Association) | (202) 737-0900 | [NASAA.org](https://NASAA.org) + +&#x200B; + +Have this info ready to conference them in if you get any resistance from your broker +*Anyone else having a different broker following the same actions from new policies they instituted about transfers that aren't real but they still won't do?* +After reading this: + +[https://www.reddit.com/r/Superstonk/comments/p8o9bg/the\_sec\_do\_not\_want\_the\_moass\_to\_happen\_ryan/](https://www.reddit.com/r/Superstonk/comments/p8o9bg/the_sec_do_not_want_the_moass_to_happen_ryan/) + +Thought I'd do a little bit of digging into CMKM and what is going on. + +&#x200B; + +**Why compare them?** + +There's a LOT of similarities between the hedge funds' tactics used back then and now. And by similarities I mean it's FUCKING IDENTICAL. Really. Remember the estimations of the absurd number of shares that might be existing? Compared to the 2.35 FUCKING TRILLION shares from CMKM that's still a way to go. + +Oh and do you know the damages they had to pay? + +[https://steemit.com/news/@sadcorp/the-s-e-cs-3-87-trillion-dollar-lawsuit-cmkm-diamonds-inc-761e67945b1d](https://steemit.com/news/@sadcorp/the-s-e-cs-3-87-trillion-dollar-lawsuit-cmkm-diamonds-inc-761e67945b1d) + +*There is currently a $47 trillion Lien in operation against the US Treasury and the US Federal Reserve Board.* + +Yes, you read that right. It's 47 T TO THE FUCKING RILLION. + +(if the link doesn't work, try the google cached version.) + +&#x200B; + +**What's different?** + +CMKM was basically a shell company, trading as a penny stock. It got to a point where SEC used it to catch the perpetrators at the expense of the investors. The company ended up bankrupt after a while and no real public interest or knowledge was shown. Almost 0 public pressure, plus the SEC head at that time seems to have been involved in a way. Also, CMKM's board was a bit shady too. + +GME will not go bankrupt. The public pressure and awareness is insane. While I don't trust GG or the SEC until they do something, THEY HAVE PUBLICALLY acknowledged the fuckery in GME (in some way or another, but the important thing is that they did it). GME's board and leaders are certified, verified wrinkles who have a history of HIGH success in ALL their fields. + +The shorts can only win if GME goes bankrupt. That's it. And this is an impossibility. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +[https://spiramus.com/naked-short-and-greedy?fbclid=IwAR2C9aTFgbyLYzfUzWtV9XXryJUrNeY1oMAGyybxFM5citd9QRpr2DJ\_62A](https://spiramus.com/naked-short-and-greedy?fbclid=IwAR2C9aTFgbyLYzfUzWtV9XXryJUrNeY1oMAGyybxFM5citd9QRpr2DJ_62A) + +The FOIA document from 2011 from the SEC, related to the case: + +[https://www.sec.gov/foia/docs/votes/2011-11.pdf](https://www.sec.gov/foia/docs/votes/2011-11.pdf) + +244 pages to it's gonna take a bit to skim through it + +&#x200B; + +There's quite more: + +The Second Superseding Indictment + +[https://www.justice.gov/sites/default/files/usao-nv/legacy/2013/05/23/cmkm\_second%20\_superseding\_indictment.pdf](https://www.justice.gov/sites/default/files/usao-nv/legacy/2013/05/23/cmkm_second%20_superseding_indictment.pdf) + +Can't copy paste because it's an old pdf, but to HIGHLIGHT a few stuff: + +*"The majority of the hundreds of bilions of registered shares were distributed in hundreds of stock certiticates without restrictive legends to the conspirators and 11 nominees, associates, alter-egos and straw-chasers. By routing the unregistered shares through one or more nominees, the conspirators disguised the nature of the transactions, the affiliations of the purported purchasers, and invoked Rulel44 and Regulation D to fraudulently claim exemptions from registration".* + +And that is just IN THE FIRST PAGES. It goes on. + +&#x200B; + +Below is the First Superseding Indictment + +[https://www.justice.gov/sites/default/files/usao-nv/legacy/2013/05/23/CMKM%20Superseding%20Indictment.pdf](https://www.justice.gov/sites/default/files/usao-nv/legacy/2013/05/23/CMKM%20Superseding%20Indictment.pdf) + +&#x200B; + +And Press release: + +[https://www.justice.gov/sites/default/files/usao-nv/legacy/2013/05/23/CMKM%20Indictment%20News%20Release.pdf](https://www.justice.gov/sites/default/files/usao-nv/legacy/2013/05/23/CMKM%20Indictment%20News%20Release.pdf) + +&#x200B; + +&#x200B; + +And another FOIA document WITH the people involved: + +[https://www.governmentattic.org/4docs/SEC-FOIA-Logs\_2008-2011.pdf](https://www.governmentattic.org/4docs/SEC-FOIA-Logs_2008-2011.pdf) + +And who do we have here? A familiar name indeed: + +[Kenneth \\"Kennyboy\\" Griffin](https://preview.redd.it/61518yfhkpi71.png?width=1018&format=png&auto=webp&s=98db27728cbf18faad97cb65211f4c2d34e72f86) + +But wait, there's more: + +[Steven \\"Stevie Hard Game\\" Cohen](https://preview.redd.it/7g0dro4nkpi71.png?width=1018&format=png&auto=webp&s=c70d1050911d3ce28048472ebc727647002e75ed) + +I am not sure HOW or IF they are/were involved or what the fuck happened. But, isn't it a bit too much of a coincidence for them to be involved in the same fuckery they pull now? And TOGETHER? + +&#x200B; + +&#x200B; + +&#x200B; + +It started back in 2007. Now, 14 years later, it's still in court. Here seems to be a recent update to it: + +[https://www.justice.gov/usao-nv/victim-witness-assistance/us-v-john-edwards-et-al-cmkm](https://www.justice.gov/usao-nv/victim-witness-assistance/us-v-john-edwards-et-al-cmkm) + +&#x200B; + +Some other docs I found related here. Some less formal: + +[https://www.scribd.com/document/177287208/OPERATION-TRUTH-CMKM-Clarification-and-Update?fbclid=IwAR2S6vSGvOF7tSiATt8\_SRnKS0E1mwD22LmudjaHV49cyTXmpKg-rKW1TTA](https://www.scribd.com/document/177287208/OPERATION-TRUTH-CMKM-Clarification-and-Update?fbclid=IwAR2S6vSGvOF7tSiATt8_SRnKS0E1mwD22LmudjaHV49cyTXmpKg-rKW1TTA) + +[http://www.cmkm.info/CMKM-BRIEF-HISTORY-OF-SEC-CORRUPTION-2010-06-08.pdf](http://www.cmkm.info/CMKM-BRIEF-HISTORY-OF-SEC-CORRUPTION-2010-06-08.pdf) + +&#x200B; + +TLDR: For anybody doubting the absurd number of shares GME might have and how high numbers go, even those numbers are conservative. Hold on to your fucking tits. + +Hedge funds use the same fuckeries back then as they do now. + +&#x200B; + +I'll correct any misinformation if pointed out, just in case I said something wrong and was not aware of it. I'm fucking retarded so yeah. + +&#x200B; + +&#x200B; + +I can dig deeper but if this doesn't seem necessary, I won't. + +This isn't a DD, but more of an information gathering that might be helpful to us. + +/u/atobitt + +/u/criand + +/u/dlauer + +(Sorry if it's bothersome, but this looks like the kind of thing wrinkles like you can make more sense of. And it's way too similar to current events to ignore. If I did overstep, then I'll just go back to my cave). + +&#x200B; + +Edit: + +Found a working chart of it + +[https://www.stockwatch.com/Chart/Advanced/U/CMKX/20](https://www.stockwatch.com/Chart/Advanced/U/CMKX/20) +Hi, + +I'm 26 years old based in Germany and working as a software developer. + +I'd like to ask for advice for starting investing, I did some reading about it and learned that if you are younger then higher should be the the risk. + +As I did one of risk assessment online my risk analysis was **3 out of 6** (6 being the most risky.) + +I'm thinking of combining ETF's and stocks. What else should I look into as an instrument? My question is how to decide which ETF to buy? In a trade broker platform there are many ETF that is indexed by S&P but some of them are 14eur and some of them are 78eur and some other are 450eur. What is the difference and how can I decide which ETF to buy? + +&#x200B; + +I'm thinking buying 50 to 120EUR ETFs and stocks monthly. + +Note: I have already put at least 6 months of emergency fund. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: + +*** + +- Follow the Golden Rule. All other rules apply as well. Follow [this link](https://www.reddit.com/r/ethtrader/about/rules) to view the rest of them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +&#x200B; + +https://preview.redd.it/dvp8x35q8fq91.png?width=640&format=png&auto=webp&s=9751bdea8fab3ebb27be0cd6271ac29046d04e45 + +[View Poll](https://www.reddit.com/poll/xpk87d) +Honest discussion here + +But is there such thing as investing too much money into the stock/bond/real estate market? For example, putting 80% of your paycheck into your investments. +Something I would never ever do with the stock market is borrow $300,000 from the brokerage and invest it in a single stock. + +Buying a property as an investment and not a home seams like an extremely high risk play. The money i could get for rent here would probably only break me even on taxes in my state, let alone the other expenses that go into being a land lord. What I've been told here is that you're looking to levarage the money you borrow from the bank and make money on the appreciation of the property. + +What if the neighborhood turns to shit?? What if you buy at the peak moments of the sellers market and the value of the home drops drastically. Isn't that leverage going to be equally as bad to the downside? If i put down $100,000 for a $500,000 home and the value drops to $400,000 by years end... I lost the entire value of my initial investment in the blink if an eye! + +Am I wrong to be so cautious about leveraging money? +Okay so I'm looking to invest looong term I won't sell anything that I'm buying now until 40 years down the road. And I want to diversify my sources of income and I think QYLD would be great to invest in. I want to take a big loan with low interest and buy QYLD so that the dividends pays for the loan. What do you guys think. Thanks. + +TL;DR: taking a loan to buy high dividends equities + +Edit 1: I don't know if that's the best way to give an update but here we go. So I had my meeting with a counsellor this morning and I'm getting a 78k CAD$ at 3.7% on 8 years. So I'm really happy I'm investing 50/50 between SRU-UN.TO (yields at 6.12%) and QYLD (yields at 11.80%). I'll try to update soon. + +Edit 2: just to be clear I have the money to pay out that loan anytime I want. The thing is that I invest others people money not mine. My investment will pay itself. +Interesting post I found on discord regarding the high gas on the Ethereum Network.. +EDUCATIONAL: +Hey @everyone, we know gas prices are astoundingly high today. Let's have a bit of an adventure and find out why shall we? +Today, 40% of the ethereum's network is being used by this contract +https://etherscan.io/address/0x98b4ca8bd52e4ed1f28d3f30d9f567d1166c9483 +A beautiful and innovative copy-paste of a default ERC20 standard token called "IFishYunYu" with no features. (So it does nothing.) + +Yet miraculously, it seems tons of "unique" accounts are transferring massive volumes of this token constantly, almost 50 ETH of gas an hour have been steadily used for nearly 24 hours now. Just to transfer individual tokens to the Fcoin exchange. But of course. The exchange is just a red herring to distract you from what's really happening. + +Let's see what the creator of this contract has been up to recently. +https://etherscan.io/tx/0xd0e334dca734071f395cad64df90269113ead321232e5603f66fc6fb2885c654 +Looks like he minted nearly 5 Billion Ifish tokens about 12 days ago... +to this account +0x45f64a7148d1cfeded427dd4380b458877e7ce56 +which split it up across +10 or so accounts, that each do this +https://etherscan.io/token/0x98b4ca8bd52e4ed1f28d3f30d9f567d1166c9483?a=0xcd4777b5f4d8779e99ea996bb32988daf0bbbf3b +splitting it up across 500-600 accounts each. + +Which are, the mystery "unique" accounts that are spamming the eth network. So yeah, it's one guy, it's the creator of the token. He was doing it during the previous Fcoin exchange competition too. He's running a multi-sided scheme, he even has bots running "wash" accounts. Like +https://etherscan.io/address/0xa67ef2aca4c6459e60821c1b1afe45812c4c1bcd#tokentxns +which is pretty cool, it just shoves the token into other accounts, and then those accounts shove it into other accounts, and then back to the big main account to simulate volume on the token itself. Try following a transaction, you'll come right back to the big-daddy account. +most importantly on why is this being done? +Let's see what one of the accounts funding all this eth might be doing +https://etherscan.io/token/0x86fa049857e0209aa7d9e616f7eb3b3b78ecfdb0?a=0x7a717e226a8b37b912d0effbb0aab24ab690dbdb +gee, that sure is a lot of crowdfunded EOS, hundreds of thousands to be exact. From an account that seems to receive large sums of eos and immediately market sell them for thousands of ETH, which is then distributed out to contracts like this. Contracts that have been pulling this kind of transaction attack consistently across the ETH network. + + + +*All credit to 'Justo#1300' on Discord. * +NEO was a great spec play and basically doubled my considerable ETH stack. Looking back on NEO, I can't help but think this is going to either jump to 100 or get murdered in short order; but i am leaning towards slaughterhouse. A lot of what NEO is rising on is speculative, "news articles" written by bloggers, and nothing on Github. And for those who say they use Slack instead, their own team has commented that Github is the primary, and its empty. Don't get me wrong, I think NEO could work out but riding from $5.75 to $43 was nauseating knowing full well there weren't a whole lot of TANGIBLE developments going on behind the scenes. "Partnerships" turned out to be informal gatherings. The wallet.....God don't get me started on that thing. Phantom meetings with Nomura or whoever.....this all is plenty of fuel to spark a speculative bubble but for God's sake people, its now top 5 on CMK why???? FOMO, pure and simple. And I saw plenty of posts over on their reddit about people dumping the ETH for NEO. For real? Reminds me of penny stocks where any news moves the needle like 40% and not a whole lot actually gets built. + +My synopsis, severe correction near term. Long term, it works out. But the comparisons to Ethereum are not justified at this time. I rode the wave up, cashed out for the inflated BTC price, and bought the depressed ETH price around 295. 25% of me wonders if I made a dumb choice but the rational 75% feels this was prudent. I'm more excited about upcoming ETH news. +Hello community, + +obviously throwaway account to keep a low-profile. I am from Germany, 32M, no kids, no debt, and I FatFired a few month ago, luckily / sadly through inheritance of several assets (shares, stock portfolio, RE, crypto, ...). We have here such a thing called inheritance tax which hit me though I had to pay it. I quit and my decision gets reinforced every time I speak to my old friends and colleagues – no politics, corporate b\*lsh\*tbingo and bad managers anymore. On top, I nobody told anything, I am taking a sabbatical. + +My current liquid NW is around $ 50M. I sold all real estate due to upcoming renovations and I wanted to get rid-off headache with renters and property management. + +My current portfolio is very simple and fits to my risk avoidance profile for my next move with the goal to preserve wealth with subtle growth: + +$ 2M cash + +$ 45M ETF + bonds (90/10) + +$ 3M some short-term bonds and blue-chip shares. + +No mortgage & debt but a pile of cash. + +All taxes are being paid and I was aided by multiple tax lawyers and CPAs. I’ve got a permanent residency card by playing the DV Lottery every year and eventually I was lucky. -> To keep the green card, I have to move or I must surrender it. This might cause some red flags getting an ESTA visa. UCIS and CBP don't like that. + +My starting point will be Seattle, WA where I will start to settle down and keep it as my home base during the summer. I want to keep my flexibility, so I am going to rent out a nice city apartment or townhouse and start traveling around the country / world until I get bored and find a nice home base. + +Unfortunately, I need to sell off my entire portfolio to move it to an US broker / bank because, new learning, due to regulations it isn’t easy to transfer my assets and it would cost more than my taxes. I talked to several lawyers who are specialized in those topics. + +Anyway, I’ve already talked to Chase, Schwab and Fidelity and they’re happy to help my when I move my cash to them. + +I plan to build again a three-fund (ETF) and bond portfolio, build a credit history, and do some investments in either RE or VC or both on the long run. I plan to live pure on gains and returns. + +My biggest concern is to start in Seattle, WA and to find a way to blend in into the community, learn the language, get used to a new lifestyle and to make some friends. + +I am not the outdoor type yet, I might become one once I hit nice spots and people. I like a warm environment (there's no need to have a sunburn 365 days per day), the sun and I definitely will try new hobbies and outdoor activities (kayaking, golf and tennis is on my list). I am a sports guy, like going to the gym and traveling, riding my motorbike, plus good food is most important to me. On the other side, a low profile without flushing my wealth around has utmost importance. As I don't have to stick to one place, I can move temporarily during the wintertime to places like Florida, Arizona, SoCal, ... + +Do you think Seattle is a good place to start? Feel free to share your advice. Any advice or regrets? + +What cities are more favorable in terms of making relatively easy friends? + +If you find any typos, let me know. I am not a native speaker. + +&#x200B; + +\### + +Update: I am positively overwhelmed by so many comments! Community, I like you! + +PS I've been working in the IT/tech industry, so this might be a good topic to blend in into a community. + +Update 2: I wasn't aware that Washington passed a bill that creates a 7% CGT + +&#x200B; + +My biggest appeal: Don't DM me and explain how desperate you are, that you don't have any money and beg a stranger on the internet for money. +21M, work in the military, just hearing from the older crowd how much easier it was back in the day just makes me worry more about how I'm not going to be able to do similar things, it's not even in regards to when they did it at their age but if I'm ever going to be able to do it. Example being my car that I bought in 2019 for 9.5 is now currently going up for around 14-15k (it's counterparts on fb marketplace and carsales), while I'd be happy about this, it just makes me think its just inflation. + +It feels like more pressure than anything and the whole +Buying a house, marriage and retiring seems to be harder than ever to acquire. +Citadel, the Big Banks, and the Financial Elite, are all selling assets in order to pay us during MOASS. Stocks are crashing, kryptos are crashing, bond yields are spiking, and real estate is starting to crash. The only things not crashing are oil and gold. + +While they're selling, they'll keep suppressing MOASS. They think doing so will maximize the financial pain apes will feel and increase the likelihood of paper hands (none are left). + +Once they finish selling all they can, they will let MOASS go off. Many people will be freshly destitute and afraid, and they'll see a supposed "meme" stock reaching telephone number prices, and supposed "crazy internet meme stock cultists" getting rich beyond anyone's wildest fucking dreams. + +The Financial Elite, who control and influence the politicians and the media, will use their power and networks to start an intense propaganda campaign against apes. They will try to make the illogical and ridiculous assertion that apes are to blame for the stock market crash because they are gaming and abusing the market unfairly. Anyone with 2 brain cells to rub together can figure out that is BS, but when people are afraid, emotions usually overcome logical thinking. They will try to make the people angry and resentful towards apes. They think this will further increase pressure on apes to paper hand. + +This is the last battle. This is the Battle of the Pelennor Fields. The fucking elephants are coming. Hold the line and victory will be ours. +NO FUCKING SHIT, ASSHOLES! Holy fuck. These people are so full of shit. Stumbling over words, stuttering, unable to speak clearly, and here it comes.... "we have not reached substantial progress, yet.." +NO FUCKING SHIT! GOD DAMN THESE PEOPLE ARE FUCKING CRIMINALS! +China was the dominant mining force of the world. Dominant is a way that it was starting to become concerning that they hold too much power. 65% of the hashrate. + +Controversies were flying around that BTC is their brain child to dominate the world economy. Well that FUD has been broken thanks to their own callousness, inability to comprehend their own power and shutting themselves off from the new paradigm. + +Nevertheless they still hold 46% of the hashrate. Even despite the mining ban. However it has lost the 51% dominance and other countries like the US, Kazakhstan, etc are catching up. + +The hashrate in China could continue to fall as their government keeps cracking down on the miners. + +Thank you for giving us a hard reset and giving other countries a chance to catch up. + +Edit: By using "China", I was referring to their authoritarian government. Not the people. +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. +Hello guys! + +First of all, \*sorry for my english\* it’s not my native language. + +Today is a big day for me. I just sold all of my crypto to pay lawyers and paperwork to get my italian citizenship. + +Last year I made two goals (my moons), first one was the prices of everything related to paperwork/lawyers etc and the second was the ticket and life in Italy for at least 3 months while I wait for the citizenship to get a job. + +Today I hit my first one. + +I was saving money and last year I started saving it on crypto as well and today was the day that I finally got enough to pay all the paperwork/lawyers fees/translations. + +I will start saving again from next month on because after the paperwork is done I need to go to Italy to start the process of the citizenship there and of course, crypto is the future! + +I’m in Argentina but my great-grandfather came from Italy, so by blood and proving it I have the right to get the citizenship. It’s a long and expensive process but worth it. I don’t know what to expect when I get to Europe but I hope it will be better than here and more opportunities to succeed. + +100 years ago he came looking for a better life, now it’s my turn. + +Anyways, just wanted to write this here because reddit was really important to me and I want to thank all of you, even tho I am not present writing stuff all the time I always connect to read your stories and advices, grazie a tutti! + +Edit: + +Guys, thank you for all your messages! + +I didn’t expect so many, i’m really glad you guys liked reading my story and I’ll reply each of you. + +Just to clarify: + +I’m from Brazil but been living in Argentina for the past 3 years, my family is all in Brazil and nobody went back to Italy still, I can be the first one doing it! + +I didn’t sell to BUY the italian citizenship, I sold to pay my lawyer to ask the judge for a new birth certificate because my grandad wasn’t registered when he was born. + +The saved crypto I had isn’t for the whole process yet, next month I’ll go back to saving again! + +I was able to buy BTC last year and been saving since then with this idea (my first moon). + +Thanks so much again! +Just wanted to share this. I've worked in the medical space and have helped other patients as well as myself with this strategy. Any time you get a bill from your insurance, call them and challenge them on the amount. + +For example: Got an X-Ray done and was told over the phone that total out of pocket expenses would be $70. In my bill the actual charge was ~$150. Called in, challenged the amount and filed an official grievance/complaint. Went to review and got a letter 2 weeks later saying the charges were just dropped. + +Example 2: Got some blood labs done. Got a bill for ~$150. Saw that the original charge (before ins paid) was like $800+. Called in again, challenged the charge. Told them I could get all those tests done for less than what my co-pay was as a cash patient and that there was no way in hell I was paying that amount. Filed an official grievance/complaint and again, 2 weeks later was informed that the charges would just be cleared. + +Basically, you have the right to challenge a payment amount to be equal to or less than what Medicare would pay out. And if you want to get real sassy you can threaten to call the state insurance board to report them for over charging. More often than not it's much easier to wipe the bill than to deal with the headaches of an educated customer. Worse case scenario, your bill gets lowered, best case is you pay nothing. Can't hurt to try. +I don't have any credit card debt (married with no kids). Two cars, financed -- one is 0% (Owe $17k), the other is 1.9% (Owe $24k). I have two consolidated federal student loans totaling $36K at 6.375%. My mortgage is an FHA 30/yr at around $1100 a month (3.5%). I was left with about $60k after my mom passed away and I feel she would nag me to pay off my student loan but I'm just not quite sure. Any help is greatly appreciated, thank you! + +Updated: + +Thanks everyone for the advice. I just paid off the loan this morning, it feels amazing. Fairly certainly my mom would've wanted me to start down the path of being debt free. Much love for you all. + +Update 2: Holy friggin' smokes, thanks for the gold! I don't know what I said/did to deserve that. Thanks again for all of the advice everyone, I'm overwhelmed with the positive notes on my Mom and guidance towards financial freedom. It's been a trying year, my mom spent the last 9 months of her life in the CICU and her life ended during a double lung transplant. I got to spend every single day with her (thanks to my job and wonderful wife). I wouldn't change anything, but even today it's clear to me she's still looking out for my brother and I. I grew up on govt/free lunch and I look forward to giving my kids (someday) that my mom would've wanted. <3 +All, + +Long time lurker but first time poster... I am sure this kind of question is extremely commonplace but I bet you all are so knowledgeable and can offer a lot of food for thought. + +Let’s say you inherited $50k tax free from a family member... it is 2020, life seems bleak, and so this is a good chunk of change to do something potentially life-changing. You can now put a down payment on a home in the United States, maybe somewhere modest or off the beaten path, but you can do it nonetheless. Burlington, VT? Somewhere in Idaho, VA (outside the DC suburbs), RI, New England, New Hampshire, etc., What is hot right now? What is a great place for Millennials to get a great bang for their buck? + +What small cities are going to be hot in the next five to ten years? Is there a good tool for self-assessment on where to look for a great home and buy into the WFH/WFA movement? I am basically looking for resources to know where the market is and will be... clearly I have no idea what I’m talking about and this post is a disaster, but I think you see where I’m going with this. I’m trying to get ideas on how to put $50k to its best use. + +Thank you in advance for your patience! +I need any Advice that’s possible on how to cut back on spending. I go to the grocery store every day and buy what I’m going to eat for that day. Mostly frozen meals and blueberries, it’s usually anywhere from $20-$30 A Day! Just For me. I know it would be cheaper just to buy meals to cook for the week/Month but I have no idea what to even make that could last for couple meals and be affordable. Any advice, recommendations or anything at all that could help in game to listen. Thank you in advance and sorry if this isn’t the right place to ask this I didn’t know where else to post. +If we are talking about a holding period of around 40 years, it would not matter whether or not the stock I'm purchasing currently is overvalued or not right? Due to inflation, the stock market should be hitting historical highs all the time. + +Would it be more worth it to wait for a crash or a big dip to purchase the dividend-paying stocks or to invest in them as soon as you have the cash available to do so? +Pretty much the title. It’s a nice, 2 bedroom apartment in Sydney. We got a 1 year lease at $650/wk that has now gone up to $880/wk. we didn’t expect such a huge increase. This is my first time dealing with such a matter, does anyone have any advice? +I recently noticed that some cryptos have huge subreddits but relatively small market caps, and vice versa, so I decided to compile some data on the top 100 cryptos by market cap to see which coins have more or less support vs their market cap. + +For each $1B in market cap, this data shows how many subscribers each coin has in its respective subreddits. Note that this doesn't include things like stablecoins or outliers like WBTC. + +&#x200B; + +&#x200B; + +https://preview.redd.it/pabkf5rdii171.png?width=1323&format=png&auto=webp&s=2f6e01d07f2ae179432fa7f8cefbceb4c42668c7 +I posted this last year and ended up taking the job. We've been here almost a year and figure I'd provide an update. + +Previous post: https://www.reddit.com/r/personalfinance/comments/3agse9/would_you_move_to_seoul_south_korea_for_130kyear/ + +Overall things are good. The actual moving process was pretty smooth. We only ended up bringing about 5000 lbs of our goods with us. It was paid for and arrived about 6 weeks after we arrived without any incident. + + +As for the job, the work is a bit more complicated and demanding than what I was prepared for. It has taken me almost a year to start to feel confident and comfortable in what I'm doing. My workweek is generally 40 hours with occasional overtime expected during certain months. + + +Seoul is an awesome place to live. Public transportation is reliable and cheap. Restaurants are very affordable considering there are additional tax nor tips. We've found the Koreans to be friendly, the elderly are generally very playful with our kids. We are trying to learn Korean but with the demands of work and a new baby, we have fallen short of our goals. Getting around is still very manageable with limited Korean, as lots of people speak at least some English. The expat community is very tight knit and we have made many multicultural friends. + + +From a financial standpoint the move has been very beneficial. I have been able to increase my retirement contributions by an additional 3%, put away additional money for a down payment and my children's college funds. We recently travelled to Japan and intend on going to Vietnam or Thailand later this year. Family has come to visit on two occasions and others are planning trips. + + +I'd say the biggest drawback has been my son's schooling. He attends a US Govt school and it has been a challenge. He has suspected ASD/ADHD and the school administrators have fought us at almost every turn in our attempts to get him the services he requires per his IEP (given the employment situation, US education laws still apply). We have the option to school him in other International schools but based on my understanding of Korean schools, it wouldn't be a better situation. It's also worth noting that the educational services he was receiving before we left were also less than stellar. + +Overall I have no regrets with the move and we are looking forward to staying 4 more years. +The case for AMZN - it can grow in so many directions and has surprised us time and time again. + +The case for FB - leader in social networking. sure, they've maxed out on users, but they are opening other revenue streams with instagram. + +The case for MSFT - just a steady beast. growth is not that sexy and has been a lame duck in my portfolio. Sure, Azure is hot, but it's competing with AWS, so I feel there's some duplication here. + +Honestly, I'm leaning towards dropping MSFT - getting greedy. The other side of me wants to keep MSFT because it's the "safest" out of the three. + +Thoughts? + +edit: My goal is to further consolidate my positions to accelerate growth. I have other positions but now evaluating these 3 at the moment. +Im a smooth brained ape, but I remember that I read about S&P 500 qualification criteria. + +They are + +1. a [market cap](https://www.investopedia.com/terms/m/marketcapitalization.asp) of $13.1 billion (as of June 2021 guidance) +2. the value of its market [capitalization](https://www.investopedia.com/terms/c/capitalization.asp)trade annually +3. at least a quarter-million of its [shares](https://www.investopedia.com/ask/answers/how-can-i-buy-sp-500-fund/)trade in each of the previous six months +4. most of its shares in the public’s hands +5. at least a year since its [initial public offering](https://www.investopedia.com/terms/i/ipo.asp) +6. the sum of the previous four quarters of earnings must be positive as well as the most recent quarter + +\- [https://www.investopedia.com/articles/investing/090414/sp-500-index-you-need-know.asp](https://www.investopedia.com/articles/investing/090414/sp-500-index-you-need-know.asp) + +So, last time I had a look at this, we only missed point 6. With the huge increase in customers and free pr gamestop have received the last 10 moths, I have reason to believe that we can see a positive quarter, and possibly a that the sum of the four last quarters will be positive. The HF’s can’t fight this, so how to keep us out of S&P 500? Lower the GME market cap. Right now, the fight is not at $180, but at $170.52 (13.1B / 76.82 M = 170.5285 ) + +https://preview.redd.it/j0nops1pv3f71.png?width=1247&format=png&auto=webp&s=209cd632f3216730ca16288abe1e8e923ffdb52c + +Could I request an adult to look into this? + +Edit: Meme + +&#x200B; + +https://preview.redd.it/00h2v2hlx3f71.png?width=888&format=png&auto=webp&s=5e320f349a31d1ed174e62f7f52b35a88de69c41 +Hey everyone, I’ve been trading stocks for about ten years now and within the past year have started with options and now my new favorite, thetagang! I was curious what peoples favorite YouTube channels are for stock analysis. Thanks! +Perhaps I'm having something of an existential crisis, but I'm curious as to why we're doing any of this if nobody's beating SPY? Over the long run unless you are actually living off the income from theta who cares if you are less volatile than the market if you're not even beating the market? Am I wrong in saying that the huge percentage of investors are literally just wasting their time when they can just pluck their money away in SPY? + +update 8/13/2020 3:52pm EST: Thank you for the direction and comments, I think I sometimes just forget that these are not normal times, and though I started mid-June, I should not compare to the literal rocket ship of a market that has been for the last couple month because that is not the long term average. I have have many successes in rolling where a buy and hold would have lead thousands in losses with same entry and exit. Major shoutout to u/cameron9980 for the input +Perhaps I'm having something of an existential crisis, but I'm curious as to why we're doing any of this if nobody's beating SPY? Over the long run unless you are actually living off the income from theta who cares if you are less volatile than the market if you're not even beating the market? Am I wrong in saying that the huge percentage of investors are literally just wasting their time when they can just pluck their money away in SPY? + +update 8/13/2020 3:52pm EST: Thank you for the direction and comments, I think I sometimes just forget that these are not normal times, and though I started mid-June, I should not compare to the literal rocket ship of a market that has been for the last couple month because that is not the long term average. I have have many successes in rolling where a buy and hold would have lead thousands in losses with same entry and exit. Major shoutout to u/cameron9980 for the input +So I’ll get right to it. + +My partner (30F) has had difficulty finding a career that’s right for her. She has prior experience in hospitality, office admin, and is now currently struggling on an apprentice mechanic’s wage. Definitely understandable as she’s essentially being paid like a teenager. + +Are there any realistic job options I could recommend to her that would provide her a decent wage? At least $1000/week seems necessary for basic life now. + +She has interest in vintage cars as well as visual art and graphic design. + +Ideally it’d be a role with some form of career progression rather than just retail/hospo. + +So far I’ve thought of logistics for a warehouse/wholesaler or other junior office admin role. + +Any other ideas? +\*\*Warning: This is a very risky play, trade at your own risk\*\* + +Hello, All! + +If you are not familiar with this saga, feel free to catch up: + +\[First Mention\]([https://www.reddit.com/r/stocks/comments/k3p4bc/when\_will\_the\_gme\_squeeze\_happen\_answers\_here/](https://www.reddit.com/r/stocks/comments/k3p4bc/when_will_the_gme_squeeze_happen_answers_here/)) + +\[Short Squeeze Explanation and Initial Thoughts\]([https://www.reddit.com/r/stocks/comments/k688qv/for\_those\_who\_dont\_understand\_the\_inevitable/](https://www.reddit.com/r/stocks/comments/k688qv/for_those_who_dont_understand_the_inevitable/)) + +\[Timeline and Predictions\]([https://www.reddit.com/r/stocks/comments/kaa2qh/gme\_either\_squeezes\_or\_gets\_delisted\_who\_will\_win/](https://www.reddit.com/r/stocks/comments/kaa2qh/gme_either_squeezes_or_gets_delisted_who_will_win/)) + +\[GME Short Squeeze What Comes Next Part 1\]([https://www.reddit.com/r/stocks/comments/laln2m/gme\_short\_squeeze\_what\_comes\_next/](https://www.reddit.com/r/stocks/comments/laln2m/gme_short_squeeze_what_comes_next/)) + +\[GME Short Squeeze What Comes Next Part 2\]([https://www.reddit.com/r/stocks/comments/lbuhp0/gme\_short\_squeeze\_what\_comes\_next\_part\_2/](https://www.reddit.com/r/stocks/comments/lbuhp0/gme_short_squeeze_what_comes_next_part_2/)) + +\[GME Short Squeeze What Comes Next Part 3\]([https://www.reddit.com/r/stocks/comments/lgkm5t/gme\_short\_squeeze\_what\_comes\_next\_part\_3/](https://www.reddit.com/r/stocks/comments/lgkm5t/gme_short_squeeze_what_comes_next_part_3/)) + +\[GME Short Squeeze What Comes Next Part 4 (Micro Update)\]([https://www.reddit.com/user/hooman\_or\_whatever/comments/lm92zw/gme\_short\_squeeze\_what\_comes\_next\_part\_4\_micro/](https://www.reddit.com/user/hooman_or_whatever/comments/lm92zw/gme_short_squeeze_what_comes_next_part_4_micro/)) + +[GME Short Squeeze What Comes Next Part 4](https://www.reddit.com/r/stocks/comments/lrxbvv/gme_short_squeeze_what_comes_next_part_4/) + +Before we get into what happened today I would like you all to know that I have sadly closed my position. I sold at the top today and then wanted to buy back in at the bottom but forgot about a little thing called wash sales. That being said when I purchased at 147 my cost basis was actually showing at \~250. Now, this is just for tax purposes however it was factored into margin and completely eliminated me from other trades and would have kept me sidelined for quite some time. I made the decision to close my position entirely and put a large sum of my capital into ACTC which will be my next DD. Sadly, I need to wait 30 days for the wash sale to wear off before I could re-enter GME. This bars me from participating in any upcoming squeezes without substantial risk and it prevents me from entering a long position prior to the 3/25 Earnings Report. This is very sad news indeed. However, I am extremely interested in what is happening and will continue monitoring the situation. I might play options although they are entirely to hard to predict, but I will be re-entering as soon as the wash sale wears off. + +Side note: I am feeling better but not well enough to film, so for those who have been waiting for videos this week I do apologize, I will have content coming out as soon as I am able to record. + +**So let's talk about today** + +Well, if you read my last DD (Part 4) today went exactly as expected all the way up until the end. There was one crucial part I missed and that was the top of the downward channel which was $170. I kept mentioning $200 as an important number but completely disregarding the top of the channel. + +Alright, so pre-market kind of went sideways and that seemed to bode well for us. At open we saw a massive dip, my prediction was that this would be a sell-off of profit taking and bag holders leaving with their original investment. I still maintain that belief. We found the bottom at around $102 which was impressive to me so the following bounce seemed natural. We had several halts along the way and I want to clarify to everyone that this is completely normal. + +Halting trades happens for those of us who can't be behind a computer at all times. It gives us a moment to catch up and make our decision. It also prevents a price from plummeting due to panic selling as it essentially pauses the trade to let people calm down and orders hold off for a second. It works well in the opposite direction to prevent FOMO from kicking in and prices rising to irrational heights quickly. + +I think a majority of the price action today was a combination of poorly positioned shorts covering and FOMO for a second squeeze. That in conjunction we scalpers and day traders, I think we simply had a lot of people playing this for profits on this push which gave us the volume and buying power we needed to surpass certain levels. + +We tested a few places on the way up, and some of those tests were rejected. The volume was able to push us through after 1-3 attempts. However, we met with the top of the channel, the $170 mark and at that point, we had no more gas, we had no more volume. We simply couldn't break through, there was a false break which brought us to the days high, but not enough to truly break out. If we did break it we would have been met by the massive sell wall at $200 which we surely would not have had the volume to break. We then were completely exhausted and were forced down significantly. In short, today was not our day. + +There is a silver lining, even with AH we somehow ended up finishing over $106. This gives me hope. Let's immediately hop into what comes next. + +**So...what comes next?** + +All of the catalysts mentioned in Part 4 are still in effect, this has not changed. There are still many shorts sitting above $200 and some probably opened positions on the way down again. + +**Tomorrow** there is something still interesting to me. The fact that we ended over $100 and options expire tomorrow makes me thing there is still gas in this rocket to go for a second push tomorrow. No bears, no one really, could have expected this to close over $100 today, so a lot of calls are dangerously ITM. Tomorrow will be an all out assault for sure to try to drive the price as low as possible prior to the options expiring. Not only will this assault need to be dealt with, but nothing has changed with the $170 channel ceiling or the Wall of Troy at $200. Be warned folks, this is a battle. It is winnable, but a battle indeed. + +Without a known catalyst, this will be *extremely* difficult to win. Many things could happen, from whales jumping in to last minute news such as Cohen being named CEO (a leading theory regarding Ryan Cohen's mysterious tweet). + +Tomorrow, I expect the opposite reaction from today. Before I elaborate I would like to remind everyone: I am not a financial advisor, nor am I a wizard. I could be completely wrong about all of this. So please, do your research, make your decisions. Don't base your financial choices off of my one opinion. + +I digress, I expect an opposite reaction tomorrow with all the diamond handed apes riding whales screaming war cries in their final push before entering the gates of Valhalla. So I expect a massive run-up right at open. The question is...will it be enough? **Pay close attention to volume tomorrow and pay close attention to important resistance points we say today: 135, 152,155, 170.** + +If volume low, that means everyone is waiting for everyone else to do something; this is assuredly a losing strategy. There will need to be a significant amount of volume to break through the first wall at 135. Hold on. + +To make this more clear it is actually good to think of this like war. Imagine volume as the number of troops you have and imagine each resistance point as a gate you are storming. If you don't have the troops (volume) to break through the first gate (resistance point), you will need to regroup (consolidate) and try again. But each of these attempts uses more and more troops (volume), which means less (troops) to fight break through the following gates (resistance points). + +So pay attention to volume and pay attention to resistance points and how many attempts you are taking to break each one. Without a general (a catalyst/whale) this will be a very difficult and potentially bloody battle tomorrow. + +From the oppositions perspective, they have two options. They could either bring troops out to meet you (try to force the price down right at open) or they can sit behind their gates and hold the line (bull trap). As I mentioned before, my guess is they will bull trap, why? Because that's what I would do. If we knew you couldn't break the 170 resistance on the first attempt with your whole army, why would we be concerned about reaching it with less troops? Again, volume is key to monitor. + +If you see low volume + sharp price increase, it is likely the bull trap I am expecting, so have buy orders ready to go near resistance points and don't waste your resources trying to climb to them. + +If you see high volume + sharp price increase, then they probably sent troops out to meet you but you are winning. + +If you see low volume + sharp price decrease, then it seems your reinforcements haven't arrived and you will need a miracle to save you. + +If you see high volume + sharp price decrease, then they are winning. + +If you are driven back then at least you are driven to reinforcements (IE: If the price is sent downward then it will be a good buying opportunity for more people to jump in and help the fight). Again, volume here is key. If you see a bounce back, make sure the volume is high enough to justify it, otherwise you are charging back into battle without enough reinforcements and will certainly lose. + +**After Tomorrow** + +Until April I see potential for a squeeze, one even larger than the first. But every day that passes, every micro-squeeze in between weakens our side. Play it smart. Sell at what you think is the top, buy back in at the bottom. Rinse. Repeat. This gives each person more and more capital on every attempt. Placing buy orders around the resistance points to help break down the gates is essential. I want to clarify here, the only people who should be playing this are ones who are long on GME to begin with. At some point, this will all settle down, come back to Earth and you will be left with a lot of shares (especially if you keep selling and re-entering). + +The reason this works is because it's literally exactly what the shorts want. **The shorts want a short squeeze.** Yeah see, I said it. Everyone on every side is profiting on this phenomenon aside from the few casualties (bag holders) caught in the crossfire. They drive the price down by shorting it, then they cover to help trigger the short squeeze. You all ride it on the way up allowing them to open new very favorable positions not possible on other stocks and they ride it back down. The cycle continues. + +This is going to be the unfavored opinion, but the notion of diamond handing it til death isn't a winning tactic unless you have the capital to continue adding at the bottom. To win the war, that capital must be generated and what better way than this infinite game of profitable yo-yo? + +**Diamond handing worked when there was 226% short interest and that is no longer the case.** + +**Diamond handing does not force a short squeeze, it only did the first time due to these conditions.** + +**Diamond handing worked because the shorts would be screwed if there was no one to buy their shares anymore, this is no longer reality. People are willing to sell their shares, if the price action doesn't convince you of that I don't know what will.** + +There is only one way to force a short squeeze. **Power.** Buying power that is. + +Again, I am not giving advice. This is my perspective and how I think a squeeze is possible WITHOUT a catalyst. + +**TL;DR:** I am not a spreader of FUD, I am a realist. If you are going to continue playing GME then you should find a way to profit from it. Volume is key. Important prices are: 135, 150, 155, 170, 200. The potential for tomorrow squeezing certainly exists with us finishing off at $106. They would have needed to send it much lower to make this be over. However, without a catalyst it will be a difficult battle indeed. This very well may have been the second squeeze, but as I mentioned in Part 4, I don't expect it to be the last one if it is, in fact, over. + +\*Disclaimer: I am not a financial advisor, I am bullish on GME, this is a risky trade, thanks for reading.\* +I'm 27M, I live in a HCOL city (Seattle), my current salary is \~350k, NW is \~1.1 million. My bf and I don't plan to have kids. He's a teacher and doesn't earn as much so if we want fatfire, it'll have to come from my career. + +My current job is great. I love the work on my team, the people are wonderful, the WLB is great, it's growing my expertise in a desirable and transferable domain, and it's low-stress. I'm genuinely interested in what I work on on this team, the work is almost like a fun hobby. It's in a niche domain that I am positive I wouldn't get to work on at another company, at least not in the same way. Within the industry, this team is the leading one in this domain. + +The only thing I'm not happy with is the compensation. My datapoints show that I could be making 450 to 500k. + +I can't negotiate or get a counter-offer at my current company, a promotion to the next level isn't likely anytime soon, so I either have to suck it up or leave. + +Given that I'm already making 350k, is an additional 100-150k that important? After taxes, it'd come out to an additional 63k to 94k per year. I don't plan to have kids so I don't care about leaving an inheritance. At a new job, there's no guarantee as to whether I'd like the team culture or the WLB. + +At the same time though, I'm 27 and that money can compound. I still get stressed out about going to restaurants with my bf because I feel like I should be saving money instead. I also have a single mom I'll be financially helping out in the future. Additionally, I'm starting to feel underpaid and am starting to feel resentment building up. + +What would you do in this situation? I'm torn. Thank you in advance. + +&#x200B; + +Edit: Thank you for all the feedback! I really appreciate it. You all have made me realize a few things: + +1) Money will compound now better than ever, so even 2-3 years of that salary difference would end being way more after 15 years of it compounding. + +2) I have the privilege of taking as long as I need for the job search to find a great fit + +3) I care about money more than I thought I did and I don't care about WLB as much as I will in 10 years + +With that said, my next steps will be preparing for interviews and interviewing around until I find a great fit. I'll keep y'all updated with what happens! +https://www.cnbc.com/2021/10/21/fed-to-ban-policymakers-from-owning-individual-stocks-restrict-trading-following-controversy.html + +Responding to a growing controversy over investing practices, the Federal Reserve on Thursday announced a ban on officials owning individual stocks and limits on other activities as well. The ban includes top policymakers such as those who sit on the Federal Open Market Committee, along with senior staff. Future investments will have to be confined to diversified assets such as mutual funds. Fed officials can no longer have holdings in shares of particular companies, nor can they invest in individual bonds, hold agency securities or derivative contracts. The new rules replace existing regulations that, while somewhat restrictive, still allowed members to buy and sell stocks. “These tough new rules raise the bar high in order to assure the public we serve that all of our senior officials maintain a single-minded focus on the public mission of the Federal Reserve,” Fed Chair Jerome Powell said in a statement. Under the new rules, the officials will have to provide 45 days’ notice in advance of buying or selling any securities that are still allowed. They also will be required to hold the securities for at least a year, and cannot buy or sell funds during “heightened financial market stress,” a news release announcing the moves said. + +The rules come on the heels of disclosures that multiple Fed officials had been buying and selling stocks at a time when the central bank’s policies were designed to improve market functioning, particularly during the Covid crisis. Regional presidents Robert Kaplan of Dallas and Eric Rosengren of Boston both resigned shortly after disclosures that they had engaged in trading of individual securities last year. In Kaplan’s case, the moves occurred in large-dollar allotments. Vice Chairman Richard Clarida also had been featured in the reports. Powell also sold securities last year, though they were exchange-traded funds that tracked market indexes. +I trade QQQ primarily, and was short what I thought was a top, and remained stubborn. Feeling defeated, down 2 % Portfolio today but since I trade full time that's a huge hit for me. + +I feel super down, going to take time off from trading - question is, anyone ever feel like I do now, like just quitting? How do you get by? + +Thanks + +https://www.theguardian.com/business/live/2018/sep/13/bank-of-england-ecb-turkey-interest-rate-decisions-john-lewis-profits-tumble-business-live + +lmao what a shitshow +I've seen multiple people recently suggesting that it's a good idea to do this, often to people who admit that they couldn't afford to invest otherwise, or admit to already being in debt. + +Ethereum's continuing rise in value *is not a sure thing*. If you're in debt, you absolutely should not be taking on additional high-interest credit card debt to invest. + +The people telling you to do this do not have your best interests in mind, just as the people trying to get you to FOMO in at ATH because "it will be at $1,000 next week!" are only looking out for themselves. +Since the start of the summer (I’m defining this as England’s first game in the Euros) I’ve been spending silly amounts of money on anything and everything, without second thought. Mainly social events, pub visits and food. + +I put away a bit of money earlier in the year for “summer spending” but I’ve gone WAY over the money I saved (I blame England’s run to the final). Luckily I’m able to still save money for a deposit and invest in an index fund, and these amounts haven’t changed and I never dip into these. + +At the start I felt a little guilty of my splurging, then I thought “f*ck it!” It’s been a tough year, it’s summer, everything is open and football (nearly) came home. + +I know people who ended up dipping into their savings this summer, but I remind them of what we’ve all gone though recently. Yeah they had savings goals they fell short on for a couple of months, but it’s also important to have the occasional splurge and let loose. + +I love the PF channel, but a lot of people on here turn their noses up when +other people don’t allocate their money to saving or investing. Remember people, it’s ok to spend money on things other than your future! + +I want to know how other people have “pissed money up the wall” this summer? I hope you start to feel guilt free (unless you spent your mortgage money) and know that I’m being 100% non judgemental. Here are a few of mine: + +- ordering Deliveroo/uber eats/local takeaway at least twice a week +- Uber’s if going out for dinner or drinks anywhere that’s not within a 15 minute walk (10 minutes if it’s hot outside) +- multiple orders on Zara and ASOS +- buying coffees from the local independent coffee shop despite having a Pret subscription (I justify it as doing my bit for local businesses) +- lots of alcohol + +Edit: so much variation in how people ‘splurge’ and I love it! I’ve also noticed most people sound happy about the things they’ve splurged on. If only happiness was something tangible that could be tracked! +Looking at some of the most popular REIT etfs like ZRE, over the last year they dropped in value during the covid sell off, and now are just reaching prices seen in Feb 2020. But during the same period real estate prices did not tank at all, and just skyrocketed. + +Why is this? +Long story short, we have been looking for a house since 2019. The first down tick in prices has finally come along in our area. We’re debt free and able to borrow a good amount more than we intend to use. + +Quickly I found a beautiful house that I loved last week, and my husband was onboard since I’m the home renovator and financier of the fam. We went on vacation the day after putting in our offer and our realtor had us jumping on everything and it was honestly exciting. + +Yesterday I returned home, rushed to put down earnest money, and decided to visit the neighborhood again. + +The rose colored glasses came off. I realized the neighborhood was old and quiet, nothing like the fantastic one we’re in now (we want to move because we are now a family of 3 sharing 800 sf with two pets.) + +I decided to check what houses in that neighborhood had been selling for, and they were like 80-100k below our offer- within the last year. + +I want to call my realtor before the earnest check is cashed. We have the inspection Monday but I hardly slept stressing about it. + +I’m deleting my realty apps. Going the old fashioned way and getting a good realtor, holding out for something that checks all our boxes even if it takes a couple years. + +Anyway, any advice on breaking this to my realtor? + +Edit: found out I do have a right to cancel ammendum so that’s good? + +Update: thanks for all your suggestions. I ended up calling my Realtor and telling her our predicament. On top of the price point concerns, we found out our financial situation will be more uncomfortable and interest is over 6% even with perfect credit. We got a quote for citizens insurance at 5k annually🤮… anyway she said I could pull out today and get my whole deposit back. Didn’t even try to pressure me to move on with it, said home buying is super pricey rn. + +I deleted my real estate apps and learned my lesson. Thank you for your help!! +And it’s true! How many shit stocks are out there that they never bother to mention? But this one? Can’t bash it enough. It just sucks soooo bad, they cannot stress enough to never buy it - and definitely sell it if you’ve already made that terrible decision… Because obviously they really care about you! 😊 + +This is all actually *strong* confirmation that we are winning. +First of all I am a foreigner guys and that fact makes that phone call fucken awkward. + +She said all there is to say about volatility.. risk....dead end....doomed to obvilion ... as if she read those from a list. + +Now I felt obligated to debate and teach her a thing or two about market fraudality and about the unbearable naked shorting rights for fucken market makers ...(witch is irritating enough by byitself) + +Eventually she humbly stated that her knowledge is insufficient to the matter and apologized. + +That was both fun and funny. + +EDIT: + +WOW! That caught some attention. +1) thank you brothers for the advice, from you I definitely accept it. +2) brothers giving the awards , thank you for your generosity, cold beer on me at the moon bar. +3) what I have learned here and from you in the last 3 months is invaluable. And that is one of the main incredible events of my life if not THE EVENT. +4) LOVE YOU ALL APES!. +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. 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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 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) +2 simple precautionary steps could save you from being hacked. + +1. Create a shortcut on your desktop or save it as a bookmark in your browser to https://bittrex.com **and only use that to get to the exchange don't trust google to bring up the right bittrex at the top** + +2. If you are on windows find your hosts file, right click it and click on properties. Click on read only attribute and click save. This will prevent anything from modifying this file and creating a redirect to send you to phishing sites. Hosts is usually at %Systemdrive%\Windows\System32\drivers\etc + +edit: I didnt include that osx and linux also has hosts files, but usually require a password to modify them so you should be ok there. +Looking for suggestions + +I hope I give you the whole context. + +&#x200B; + +I closed on a multi family investment property around 12th of February 2020, and very recently, me and my agent figured out that, before closing, the seller's agent specifically asked the title company to not include the February rent inside the title statement because the seller \*usually\* collects the rent on 10th of every month, and they don't want the rent money for the first 10 days. (which is very unusual that they are not after their 1grand of money), and we are not copied on the email chain. + +Fast forward to this week, we get into contact with the renters, and we figured out that the seller drove past them around 18th of February (8 days after the sale got closed), and collected the rent for the entire month of February, by hand, in person, without any receipts, (this seller is an idiot who never had never maintained any paper trail, apparently collected rents by cash in person, and we are trying to get many of his mess cleaned up). The renters are pretty naive, and not english speakers, and they do not have any receipts of the collected rents from them. However they are willing to attest about that and sign that the seller collected the rent on 18th of February after the house was closed. (He did not even tell the renters that the sale was made) + +I want to start a claim in the small claims court on the seller, and what are my options here. How do I proceed. + +&#x200B; + +TLDR: Seller collected rents for the whole month of Feb in person without receipts after the sale was closed on Feb 10th on a multifamily property, and he did this on Feb18. How do I proceed? + +&#x200B; + +edits - Sorry I corrected the exact dates + +&#x200B; + +Update: I had my realtor reach out to the sellers agent asking (actually \*demanding\*) in very harsh tone that the seller owes the prorated portion of the rent, and give him his chance at correcting this before we reach out to the police. +Really great article on Motherboard came out today regarding Bitcoin vs Ethereum and the Flippening. + +It touches everything that is wrong in Bitcoin and everything right in Ethereum and even mentions r/ethtrader. Good read! + +https://motherboard.vice.com/en_us/article/bitcoiners-are-freaking-out-over-the-flippening +Hello stock investors. I’ve been investing in the stock market for a while now but never have I seen these types of gains in history. I’ve read countless books on investing and all points to getting the hell out as soon as possible but the past few months have not been the case. I’ve also been checking online forums and there has seem to be a new wave of overly optimistic investors. It seems like the market should’ve crashed for a second time already (1st in March). Can older investors share their thoughts? Or are we simply entering a new age? The way it has been going since March is something that has not been seen before throughout history. They say what comes up, must come down. So when and will we experience the biggest crash in history/ and soon? + +Please keep clean. Thank you. +I heard that Forex is hard, then how did they do it? Even if they were demoing, they were still using huge leverage, 1 pip can wipe out their profit in a blink of an eye, yet they were still able to do it. + + +I'm confused +This is a general Superstonk daily discussion thread. Please keep the topics related to the content of the sub. + +\--- + +These links will take you to the [**Mega Thread**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22) or [**Due Diligence / Deep Dive**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22) flair filter. + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. We are currently working on more ways to make DD the prominent focus on this subreddit. + +\--- + +# [OFFICIAL AMA - DOMO CAPITAL](https://www.reddit.com/r/Superstonk/comments/mtnian/official_ama_justin_dopierala_founder_and/) - 4/20 @ 4:20 p.m. CT + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +\--- + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +Let me get this out of the way, this is an opinion and analysis piece. It might or might not validate the 'to the moon' sentiment. So if you're looking for confirmation bias, just downvote this and move on to the n-th post about 'crypto changed my mum's dogs left testicle' + +Here's a few posts from the past few days that haven't made it to hot. + +[Australians: are there any avenues where I can take out a loan to buy $20,000-$50,000 of crypto, using the currency purchased as collateral?](https://www.reddit.com/r/CryptoCurrency/comments/n5uq3h/australians_are_there_any_avenues_where_i_can/) + +[Taking a loan to buy more crypto.](https://www.reddit.com/r/CryptoCurrency/comments/n1snpi/taking_a_loan_to_buy_more_crypto/) + +[I’m taking a 100k home equity loan and putting it in eth](https://www.reddit.com/r/CryptoCurrency/comments/n3o3b0/im_taking_a_100k_home_equity_loan_and_putting_it/) + +[Taking a loan out](https://www.reddit.com/r/CryptoCurrency/comments/n50rh4/taking_a_loan_out/) + +Now, here's a few posts from Nov-Dec 2017 + +[i got a 30 thousand bank loan, which coins should i invest in](https://www.reddit.com/r/CryptoCurrency/comments/7jodeh/i_got_a_30_thousand_bank_loan_which_coins_should/) + +[Borrowed 14k USD and bought Btc](https://www.reddit.com/r/CryptoCurrency/comments/7k596z/borrowed_14k_usd_and_bought_btc/) + +[Thinking of getting a $100k personal loan to buy cryptos, what cryptos do you suggest?](https://www.reddit.com/r/CryptoCurrency/comments/7gc27m/thinking_of_getting_a_100k_personal_loan_to_buy/) + +[Hey Just wondering if anyone has had any personal experience with taking out a loan to invest in crypto's????](https://www.reddit.com/r/CryptoCurrency/comments/7e6mnt/hey_just_wondering_if_anyone_has_had_any_personal/) + +Could find many more samples if I went through the comments and dailies. Now, we all know it is an obviously bad idea to take out a loan to invest in crypto. It totally goes against 'Never Invest More Than You Can Afford To Lose' which can be seen on the frontpage everyday. The fact that people are still doing it just goes to show how properly in the greed phase we are right now. Everyone and their granddad wants to throw money into crypto, even if it's money they don't have. + +&nbsp; + +But is that the only parallel? Hell no! Here's some fun pumps from way back when! + +IOP: went from $0.7 to $10 in three months. Hit ATH in Jan 2017, and another local peak in Jan 2018. Currently at $0.1 + +RISE: rose from $0.01 to $1.2 in two months. Hit ATH in Jan 2018 Currently at $0.1 + +There was literally a coin called FUCKCOIN. + +But that's from 2017, haha we've certainly matured by now, haven't we? +r/cryptomoonshots would beg to differ. In just the last one month, there have been more rugpulls than one can keep track of. This is classic FOMO and greed. Couldn't make money on ElonMoon, no worries SafeGate will help you recover losses. And dogecoin is most definitely going to $1, and then to $2 and so on. + +&nbsp; + +A lot of examples of stupidity. But we're definitely wiser this time around yeah? + +[If you’re new in the crypto space, stop sharing your amount of coins and amount in fiat you have invested. This makes you targets for attacks in the near future if not already](https://www.reddit.com/r/CryptoCurrency/comments/7h7pz9/if_youre_new_in_the_crypto_space_stop_sharing/) + +[Just a little PSA about buying the dip for new crypto investors](https://www.reddit.com/r/CryptoCurrency/comments/7ghf9x/just_a_little_psa_about_buying_the_dip_for_new/) + +[PSA to newcomers to crypto. If you move your coins to a desktop wallet, also back the wallet up to a USB drive.](https://www.reddit.com/r/CryptoCurrency/comments/7ldkuk/psa_to_newcomers_to_crypto_if_you_move_your_coins/) + +Sounds like good advice, yep it was great advice in peak 2017 too! + +And ofcourse, we have PSAs for newcomers this time around too. Everyday! Everyone is a veteran advising the newcomers, which I for one think is very wholesome. :D + +&nbsp; + +So that's a lot of text, but what am I actually trying to say with all this? + +For one, this time is not different. Because people are not different, and will behave the same way, everytime. Every single coin is pumping. You could throw money at a logo you really like and within a week 2x your initial investment. Which is scary. Doesn't matter if it is a decent and secure project, whether it has a future roadmap, whether it even is decentralised. In the next few weeks, I expect to see a lot of weird ass coins in the top 100, and some maybe even in the top 20. The market is very very greedy right now. The smallest news causes huge pumps. People haven't figured out yet that not everyone can win, and they probably won't till they're left bagholding. And that will happen, because these prices and marketcaps are wildly irrational, just like the people currently invested in them. + +Which leads to my second point, I think winter is coming. Not right now, obviously, and yeah yeah no one can time the market. But, I think it'll be sooner than later. I'm considering Sept-Nov 2020 as the start of this bullrun, and I don't think any bull can run for more than a year without collapsing. + + +So, maybe consider this advice, or maybe consider this a FUD-er spreading FUD, or maybe consider it a moon farm by being contradictory (METAMETAMETA). Just some thoughts I had. I'm going to slowly and steadily pull some decent profits out, maybe buy some ramen for the winter, and hoard the rest for when things go south. + +Ofcourse, now that I've typed it all out it's much more likely that every single coin will actually rocket and I'll be left in the lurch! Cheers! +I'm a young guy living in Ohio and had just set up my first bank account a few months ago. I had about $1100 in it. I walked up to my banks ATM today to check my balance since I hadn't done so in a few weeks since I don't really touch the money in that account, and I nearly fainted when I saw there was a $200 balance in it. I immediately walked straight into the bank wondering what the fuck had happened. There's no way my card could've been skimmed because I haven't even used the thing. I walked up to a teller and asked them where my $900 went. She said that a teller had accidentally given it all to my dad, who was trying to get $900 from his account. My dad has no access to my account but was given my money. Then they told me that he'd need to give me the money back himself since they took the money from my account but not his. + +What the fuck is happening? I went in to put money into my account but after that I said fuck that. I should've taken the rest of my money out of my account and switched banks. What would've happened if my dad and I didn't get along? Would I just be out of $900 because of my bank? + +edit: If my dad makes it home before the bank closes today we're going to go up there together to see what happened and how they'll fix it. + +edit2: I just went up to the bank and now they changed their story. I immediately asked to talk to a manager when I walked in and the manager pulled up what had happened. She's saying that they have a computer that reads each transaction and will automatically do everything for them based on the account number. We both signed up for accounts right after each other a few months ago and I guess the account number that is generated isn't random, it just goes to the next unused number. So for example: if my account number is 00000005, the next person to sign up would be 00000006. Well my number was 00000005 and his was 00000008 and the computer misread his number and thought it was a 5 and took the money out of MY account. That it was just complete dumb luck that the two people are directly related. + +I asked them what they'd be able to do to assure me that it wouldn't happen again and she couldn't really give me any assurance other than "this is **extremely** rare." She told me that if I don't want to drain all of the money out of my dads account and put his account in the negative, then I will have to wait until next week when Paypal sends him his next payment. + +I'm really not buying the story that a computer misread the number and I think a teller fucked up and the manager is covering up for her. My dad was pissed at them before but now he's REALLY pissed. Is there anything that I can do to have higher ups in the company start an investigation into this branch? + +For those wondering: It's Park National Bank, an Ohio based banking institution. + +edit 8/21: The bank called my dad today to tell him they pulled the money from his account and put him in the negative and froze his card and that they put the money into my account. The manager told him over the phone that this should never have happened and that she is going to be having a talk with all of the tellers at the bank so that this never happens again. I'm just wondering why I never got a phone call when it was my money that they lost? +Perhaps it is too early to call, but it seems that the community has spoken, and has already moved on. If this trend continues, the /r/ethtrader sub will only exist to confuse newcomers to Ethereum. If there is a lack of quality content being posted here, it will inevitably lead to the subreddit being filled with spam and scammers. Having a large abandoned subreddit and a smaller active subreddit is confusing to everyone other than us ETH nerds who are obsessed. + +Unfortunately this situation has escalated to the point that you stepping down as lead mod is the only real solution. I am politely asking you to do the right thing for the greater Ethereum community, step down as lead mod and keep our subreddits unfragmented, and easy to navigate. +Late last year, Congress scrapped Obama-era rules from the Consumer Financial Protection Bureau that would have banned forced-arbitration clauses in financial contracts. This bill, which President Trump quickly signed, was self-evidently bad for consumers at the time—and if anyone needs further proof of how ridiculous and harmful these clauses are, just look at what Wells Fargo has been up to over the past several months. The mega-bank famously issued at least 3.5 million fake accounts without consumer consent, triggering a $185 million fine to state and federal regulators. The bank aimed to demonstrate sales growth to investors and boost the stock price with bogus numbers, but millions of customers got caught up in the exchange, paying unnecessary fees and taking hits to their credit scores. Scores of defrauded customers sued Wells Fargo in a series of class-action lawsuits. + +Wells Fargo then tried to defy metaphysical reality: It moved to block one class-action case in Utah by claiming that the arbitration clause in customer contracts on the real accounts they held at the bank also applied to the fake accounts. By this theory, Wells Fargo customers signed away their legal rights when it came to accounts they didn’t even sign. https://www.thenation.com/article/the-ceo-of-wells-fargo-might-be-in-big-big-trouble/ +I can’t help but feel as though I’m behind for my age group. I’m 27 male from NY. But I’d like a perspective in terms of where I stand financially. Basically I have about 18,000$ saved in checking and savings, I own a 8,000-10,000$ car and my assets acquaint to about 2,000$…So essentially I’m worth about 28,000-30,000$. However, I only get a salary of 24,000$ annually currently since I’m in the military. + +I’m still single. Working on saving more, going out less and want to own property in the near future. + +I’d appreciate advice on what I could do financially to set myself up for success for a future home and family. What should I strive to do, and should I look into investing? My credit score is about 750. And can someone tell me if they considered me behind the all in terms of my salary for my age as well as my net worth. Thanks for the advice. +This isn't my article, I came across it doing some research, really like it, and thought it was worth sharing here :) + +[https://epchan.blogspot.com/2019/04/the-most-overlooked-aspect-of.html](https://epchan.blogspot.com/2019/04/the-most-overlooked-aspect-of.html) + +The giveaway: it's collaboration. Another algotrader to work hand-in-hand with to share, develop, and implement new ideas, etc.. + +I've been working on algotrading basically full-time, teaching myself from scratch, for the past 6 months or so. Working by myself for pretty much this whole time, I can definitely attest to a desire for someone I can work with at a much closer level than what we often feel comfortable sharing publicly in forums like this. + +Thanks for everything that you all have been willing to share in this sub, it has helped me immeasurably these past months. +If I spent $50 on a pet rock, did that really boost the economy? Or if that $50 had gone towards SpaceX funding, might it perhaps have been better spent. +Argentina is a cautionary tale. There exists the notion that in order for a country to develop, it needs to shelter "infant industries". Argentina actually developed rather quickly in the late 19th century, being almost on par with the US. When Juan Domingo Peron took power, he basically resorted to state capitalism (the economy is still in private hands but the state plays an active role) and protectionism to develop industries in the country (Argentina got rich by being an agricultural exporter). It didn't necessarily cause the country to go backwards but while the rest of the world enjoyed a post war boom, Argentina's economic gains were only modest. From that moment on, Argentina would develop at a slower pace than the developed world. Brazil also sheltered its "infant industries" in computing. As a result, Brazil is one of the most expensive places to buy a smart phone or computer. + +South Korea couldn't be more contrasting to Argentina. Not only is it on the other side of the world but it also experienced the opposite economic effect. South Korea actively went against the Washington Consensus which suggested having free markets and free trade. South Korea sheltered its infant industries and as a result, the country became an industrial powerhouse. The country embraced state capitalism and as a result, went from being a backwater nation in the 50s to a developed country today. China is following a similar course. + +It seems like state capitalism and developmentalism had the opposite effects on East Asia and Latin America and I'm trying to figure out why. +If a government set all taxes to zero, would everybody actually be more wealthy? (Leaving aside the loss of government funded services for the time being) Would prices simply rise as people have more disposable income, undoing the benefits? Or would incomes decrease because people could settle for lower wages? + +What evidence is there on this topic? +EDIT: I just wanted to say thank you to everyone who commented, I've read every single comment. I knew this was the right sub to post on despite being a semi parenting/finance question. I knew alot of people here would have balanced views in it. + +On reflection I feel we will go with a state school and support with tuition where necessary along side sports and other extra curricular activities. + +Thank you again for sharing your views and thoughts + +.............................................. + +Hi all, + +I'm after some views thoughts and opinions from the good people here at UKPF. + +Next year our eldest is due to start primary school. +We live in an affluent area in the south east (Bucks) and we are looking at schools. + +We have found a good state school which has a good Ofsted rating (last done in 2020, but also 2011 it was rated good), parents in the area sing it's praises. They have 1 class per year group so it is small. Across all metrics it has a higher than average score Vs UK average. We are in the catchment area for this school. +Àq +We also have a private (independent) school which covers years reception to 6 Only, where the fees start from £10k and go up to £15k by year 6. + +Our aim/hope is to get both the eldest and youngest into grammar school, no plans for any more children. + +We like both schools, but we feel the private school will support our children better due to facilities,.teacher to student rato and also they have a proven record historically. + +We have a combined income of circa £120k (pre tax, excluding bonuses) and to put both children through will be a stretch in the finances and mean for the years they cross over (5 years) we will have to reign everything in from a spend perspective. + +We have outgoings of bills mortgage etc... That total circa £2.5k per month so when both children are in school it will mean we need to find an additional £21-£28k per year to cover the fees. + +Am I better off sending them to private school or sending them to state school and support with tuition where necessary? Is private school and a reigned in life Vs state school + tuition plus a modest lifestyle a better choice? + +Thoughts and views are very much welcome. + +Note; we have a 3 month emergency fund and £4k in S+S ISA and between now and the our eldest starting school we could probably save another £10k based on the outgoings we currently have plus planned holidays and nursery fees. + +Thanks in advance +RBI considers an inflation rate of [4% (+/- 2%) to be ideal](https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=53652) as opposed to the Federal Reserve who consider [2% to be the ideal inflation rate](https://www.federalreserve.gov/monetarypolicy/monetary-policy-what-are-its-goals-how-does-it-work.htm)? Why is this difference? +Pardon my ignorance on the subject, but I'm not able to understand how does compounding work with Mutual Funds. This might be a simple doubt for some of you, but I'm pretty new to stock market and trying to understand the fundamentals. + +I understand how compounding works in general and with stocks. +We invest some amount in stocks, lets say ₹ 100. If we get 10% profit in the 1st year, the profit is invested back in the stock and the next year the profit/loss will be calculated on ₹ 110. + +I get confused when it comes to Mutual Funds because we buy the MF at a certain NAV and sell it after few (or many) years at a certain NAV. +How does one apply the the effect of compounding on NAV ? Does the NAV compound with year ? +Does the Mutual Fund AMC invest back the profit into the stock, just as one would do with stock ? +Hi + +I am currently a analyst at big consultancy X, coming up on 1 yr - on around 60k. + +Client Y has approached me to interview for a mid-senior level position around 140k. + +Client has told X that they want me to apply. I’ve applied. + +If I stay I will likely get a promo mid year to around 80k. + +What should I do - I feel like client Y put me in a difficult business now X knows I’m exploring other options. + +Advice? +Hey Reddit! I had an interesting conversation with my mum last night, that ended with her saying, "If I were in my 20s again, I'd go back and ask every older person for one piece of advice". + +So that being said, I'm in my early 20s, just graduated university last month (wohoo!), roughly 50k in debt for a very extended degree, sitting in a professional services job which comfortably covers rent and bills. I've been looking into additional (passive) income streams, but have yet to actually start anything; not entirely comfortable with the idea of putting all my eggs in one basket. + + +**Give me your best advice: What do you wish you knew about working towards financial independence fresh out of college?** + + +--- + + +EDIT: Wow, this is mental! I didn't expect this to become so big. There are a couple of comments floating around along the lines of "I can't really contribute, but this is great advice", so you have most definitely helped/motivated AT LEAST one person today. Thanks so much everyone. + +Also don't forget to floss ;) +Our parents(60s) wants us, me(25f) and my siblings (27M, 24F, 21F), to buy a family house as our lease is ending. Theyre old and cant work anymore and are relying on us for their needs. Generally most me because I earn more that my siblings. + +So its been months since ive been checking out places they generally cost about $160k-200k where i live(Not in US). And yes my situation is very common here. + +I make about 24,000 a year and my siblings probably about 2/3rds of that. (We live where cost of living is somehow low but still doesnt make up for the stress of life). + +So ive been trying to talk to each about how we should pay, how much should each contribute, ect but its been hard since we dont really make a lot of money. I also dont want to be stuck in paying a loan all my life if i push for a longer term loan. + +Also im working at home and soon we're going back to the office, ill be leaving to the city which will cost me another for rent. + +Stress is taking a toll on my mental health. Really need advices or probably options on how i should manage this. :( + +Edit: All of us are working but theyre not stable yet with his job. + +Edit: sorry i didnt note this. My dad is still recovering from stroke and my mom is taking care of them. Theyre almost at their 70s and ive considered them old mainly because 60 is the age where people are already forced to retire or laid off their jobs. My dad did take part time classes online for extra money. They couldnt give him full load because of his age and pay was lower. I know this sounds as im defending them for not working but i hope this clarifies it. Mom had to retire too due to complications on the gut. Shes recovered but shes mainly at home now. + +EXTRA NOTE: Im still reading most but id like to thank everyone giving me notes about this. I am grateful for everyone giving me options and scenarios. This will really help me with explaining to them. Im writing them all down and will set a meeting with the family when theyre home. + +Edit: sorry i didnt really think about this but yeah i live in Philippines. I do hope my siblings dont get to read im posting here in reddit. They often past time here. + +Edit: tried to talk to my brother. He wants to buy the house. Told him we should sit down about it before lashing out to me. Good luck to me. +I started investing in January 2021 and am unfortunately bagholding a ton of junk stocks. I know they’re losses at this point, it’s just a question of how much. + +Is now the “worst” time to sell, or should I wait until the overall market recovers? + +Snapchat, Disney, Palantir, ARKK, etc + +EDIT: Thank you all for the extremely insightful answers … I will take a good hard look at my portfolio in the upcoming weeks. +I'm an active member of this sub, but grabbed a new account to post this, as there's a few too many personal details. This was originally written for r/airforce, so it's from a military perspective, but I figured you guys would might like to read it, too. PCS/PCSing = permanent change of station, or when we move from one base to another. BAH = basic allowance for housing. + +TL;DR: Rental real estate is a pain, but can be very lucrative if done right. Here's a whole bunch of things you might need to consider. + +EDIT: Alrighty, I'm wrong about depreciation. Depreciation is still a thing, still affects your personal income taxes, but I'm heading right back to google to correct my own information. Guys, I wrote this whole thing off the top of my head based on what I have personally learned, and I sincerely apologize, I don't mean to be handing out bad advice. Looks like I personally need to learn a whole bunch more about how depreciation recapture works. + +EDIT 2: The VA and FHA loans *can* be good options. However, YOU need to shop all of your options. Do not just assume that the VA is the best way to go. If it is the best option for you, go for it. If not, go with other financing. + +Edit 3: I'm pretty risk averse when it comes to over-leveraging. I'm never going to suggest that someone buy a house with nothing down, especially not while in the military and subject to a short notice relocation. If you do your own research and choose to buy with nothing down, that's on you. I'm still not comfortable with it. + +Alright... wall of text coming in. Take what you can and leave what's not useful. Everything written here is what I've personally learned. I'm not a realtor or a professional property manager, but have been a landlord for 6+ years and have learned a lot. Most of those lessons learned had huge price tags on them, too. I purchased my first home in 2011, our second in 2014, and our third just last year. The first two are rented out. Not everything will apply to you, but here's what I've learned along the way. Topics are written in the order that I thought of them, my apologies if it's not 100% cohesive. As of right now, I have awesome tenants in both properties, but that hasn't always been the case. My approach to real estate is to 1, protect my own investment and 2, to provide a good home to my tenants. I've made some more generous financial decisions to both of those extents, and while those decisions cut into my profits a bit, I have no regrets. + +**Purchasing your first home** + +**Should I rent or purchase?** + +Don't over buy on your first purchase. + +I say again, don't over buy. + +If the market is white hot, it's going to cool off. And you don't want to be holding the chips when that happens. You really don't have the time to sit on the house and let it recover, unless you've got money somewhere you're not talking about. 2008 took about 10 years to fully recover from and to gain back the lost appreciation (most markets, at least) and you don't have 10 years. ​ If you do a zero down VA loan and roll the closing costs into the loan, it takes, on average, the first 18 months just to pay off the closing costs. Takes about 3 more years to get down to a break-even point with seller's closing costs included, and about 5 years before you'll make money. Yes, it seems like a lot of BAH to be "throwing away", but look at the actual makeup of a newly amortized mortgage - most of your payment is going towards things other than principle. + +If you bring a down payment to the table, you've mitigated that part of your risk, but you're still exposed to lose money at the sale of the house. You've still got your purchase closing costs, which, on a $190k house are probably between $6000 and $9000, depending on your financing. Most of that is money that just evaporates. + +If you can rent for LESS than the interest/insurance/taxes part of the payment and just dump the principal part into savings/mutual funds/TSP/IRA, you'll come out ahead. Granted, that normally means renting a smaller apartment instead of living in a nice house, but it's the sacrifice we make to be financially responsible. + +Money in real estate is made 3 ways: + +1, getting a good deal on the purchase. + +2, holding the property for forever and getting the appreciation. + +3, renting it out and making a profit off of someone else. + +Normally, you want a good mix of all 3. The first takes PATIENCE when you're looking to purchase, and from what you've told me, a good deal just isn't available to purchase in Vegas right now. Strike one. Are you going to live in it long enough to ride out the bubble you see and make money when you sell? Meh, maybe not. Strike two. Do you want to landlord? If you've thought about it, scroll up and re-read again. If you're still on board, then its a consideration ​ + +Renting is buying patience. Seems like in your area, patience is what you need. There's always a house to buy in the future. + +Rents do rise and fall, but they don't rise and fall nearly as fast as real estate does in a white-hot market. Hence the 1% per month rental price as an approximation. If there's a $200,000 house that's renting for $1500 a month, and the house next door sells for $220,000, the first house likely went up 10% in value. However, your landlord isn't going to jack your rent 10% in the middle of the lease just because Zillow thinks his house is now worth what the one next door sold for. If you rent, you're protected from the competitive spikes in purchasing, and are more exposed to the long-term appreciation of pricing. Your landlord's costs of ownership are fixed (unless he's on an interest only loan, and then he's stupid), so he can offer you rent at a fixed or gradually increasing rate. He's not trying to compete with other buyers to purchase a first home like you are. + +**VA Loan** + +The VA loan... not my favorite topic. First off, you're almost always better off going with conventional financing if you've got a down payment, and no one should ever purchase a home if they don't have one. The VA loan brags about not having PMI, but the funding fee is essentially pre-paid PMI. On a conventional loan, you can request that PMI be removed once you hit 78% LTV, but there's no option to un-do the prepayment of the funding fee. + +The first time the VA loan is used, the funding fee is 2.15% of the loan. After that, it's 3.3% of the loan unless the borrower brings 5% down. (https://www.veteransunited.com/education/library/va-funding-fee/) + +The max amount of loan that the VA will insure is $453,000. You can have more than one VA loan at a time, but the two can NOT total more than that amount. With the median home price today, you're likely going to be going with conventional financing on the next house, anyway. The other option is to refinance the soon to be rental with conventional financing and re-use the VA entitlement on the new purchase, but again, I tend to shy away from VA loans all together. + +When I purchased my last home, my loan officer just assumed that I'd go with VA financing. I asked her to pull a quote for conventional and give me the break-even point. She didn't want to, but I made her do it anyway. She was shocked that, wow, I was right about my financing options. Not to brag, but she's used to checking boxes on paperwork, while I'm used to scrimping to make that precious SSgt pay last as far as possible. + +**I'm buying near a military base, it's a good market, right?** + +Ah, but buying close to base is BAD for appreciation. Because of the high turnover of military personal, there's always someone trying to sell their house. Always a lot of people, actually. This leads to high inventory and low demand. When there's high inventory, people start dropping prices to sell faster. You've seen the opposite right now in Vegas - low inventory and high demand cause a price spike. Same math, different side of the equation. + +With values depressed because of high inventory, sellers in a heavily military area will likely sell for their break-even point. If sales prices don't go up, neither does value. Neither does rents, and so BAH remains flat. BAH remains flat, and the next guy can't afford to buy your house for any more than you bought it for. It's a vicious cycle and it's common near bases. In this equation, the only people making any money are the real estate agents who have an unlimited supply of customers. + +The plus side is that you can usually get a lot of house for the money near a base. The only real way to break that cycle is to have an outside economic influence bleeding off the extra inventory. This happens when a small(ish) base is located in an area with other good paying jobs. If the only places to work in a 20 minute radius are the base and retail, tread carefully. + +**Working with a realtor** + +Realtors are real estate professionals, and I always recommend a first time buyer work with a good agent. However, keep in mind that the realtor has a vested interest in you purchasing just as much home as you can. Same thing with the bank, they WANT you to borrow as much as they can reasonably let you have. Most people will make a decision about choosing a realtor based on personality and how well they "jive" with the person, but that's the wrong answer. You want someone who no-kidding knows the local market and who can educate you. + +It's like working with a military recruiter. It's their JOB to put you in the military and that's the direction they're going to steer you. And of course the recruiter is gonna tell you all the awesome things about the military - they've reenlisted and stuck around a while. Doesn't mean it's for every applicant, and it's still the applicant's job to do their own research. Same thing with the realtor. + +Anyone can show you homes and point out how awesome a kitchen is. Anyone can give you a listing from the MLS. That's not what you want. You need someone who can no kidding educate you and be your advocate. + +Now you're faced with the decision to sell or rent after your PCS. Here's some thoughts: + +**Selling expenses** + +Look at your HUD/Closing statement from when you purchased the house, but look at the seller's side of the page. Assuming you sell the house for a similar amount as you purchased (within 10% or so), you can assume that selling closing costs will also be within about 10% of those listed on the closing statement. Normally, you can assume that 10-15% of the value of the sale will be eaten up in closing costs and realtor fees. This could vary based on the terms of your sales contract, but most buyers push the seller to pay as much as possible. So, if your home is worth $200,000, you can expect to take home $170,000 - $180,000 after closing costs. If you owe more than that, then YOU will have to write a check to the bank for the difference at closing. It you owed $185,000 on the $200,000 home, and your net was $180,000, then you pay the bank the extra $5000 to close. Decide if it's worth it to "feed" the home (more details later) month to month as a rental or if it's better to take the lump sum hit now. If you rolled your purchase closing costs into the loan, did a zero-down VA, or have not owned the home very long, look at the numbers closely. The home may have appreciated enough to cover everything, it may not have. + +**Fair rental value** + +Industry standard is 1% of the property's value each month as rent. This should (should) give you a pre-expense rate of return of 12% on your money before appreciation. However, that estimate is not accurate in every market. Work with your realtor or property manager to figure out a good price point to start at. I started a little bit high, then negotiated down to my bottom line. Price too high and you won't attract a tenant. Price too low and you'll attract the wrong kind of tenant. Factor in your own expenses, but if your expenses are high, you may have to "feed" the property (more on that later). Find out what houses near you are currently renting for, and get a good guestimate for what you could get for your home. Factor in any perks - like if the washer/dryer are included, if there's a pool, if you allow pets, etc. + +1% monthly works, sorta. In a high-rental but low-ownership neighborhood, rents may be more like 1.5% of the sale-able value. In a high value neighborhood, you're likely not going to get quite 1% as anyone who can afford $5000 a month rent on a half million dollar home will just buy the thing themselves. + +**Rental expenses** + +Here's what you need to factor in when estimating your monthly expenses: + Mortgage payment + Property tax increase (more below) + Landlord's insurance (more below) + Vacancies + Turnover cost + Repairs + HOA fees + Extras like lawn care or pool maintenance + +**Vacancies** + +Industry standard is 8-10% time vacant, or about one month a year. Factor this into the price of your rent to maintain year-round profitability. You may have a year with 20% vacancy, and then your next tenant stays for 4 years. No telling what will happen. 1 vacant month each year is a generic estimate. + +**Turnover cost** + +Regardless of how awesome your tenants are, there's going to be standard wear and tear on your property. Each turnover will require a deep clean New carpet and new paint will be required every 3-5 years, more often with kids/pets/smokers. If you're not physically able to do this work, you'll be paying out-of-pocket for a contractor to do this work, and it adds up fast (mine was $40 an hour). The longer this work takes, the longer your property is empty, and it's hard to show a house that's not in good condition. Some of the more egregious turnover problems can be taken out of the security deposit, but that could also be contested by the departing tenant. + +**Utilities during turnover** + +The property owner is responsible for turning on the utilities while the home is vacant. It's very difficult to do turnover repairs without water or electricity, and almost impossible to show a home without electricity. Usually a phone call to the local utility company to re-open the utilities in your name is all it takes, but the utility company may require you leave a deposit with them. This is something your property manager can take care of for you if you're no longer in the local area. Factor this into your cost of turnover. + +**Repairs** + +Industry standard is about 10% of the rent set aside for repairs - this number combines turnover repairs AND the day-to-day issues. This could vary widely, based on the condition of the home, price of the rent, standard of tenant, etc. The more expensive rent price attracts a more financially responsible tenant, who will either take better care of the home or be pickier about you repairing every little thing. Finding a responsible tenant who treats the property well and who does the little things themselves (I had a tenant who thought I owed him lightbulbs) will go a long way. + +**Listing fees** + +The typical realtor who's listing your property for rent will take half the first month's rent as the listing fee. Half of that remains with the listing agent, and half goes to the tenant's agent. Factor this into your price of rent. Half the first month's rent, paid once a year (estimate, with 1-year leases turning over once a year), is about 4% of the annual rent cost. This is normally in addition to monthly management fees. + +**Management fees** + +Usually 10% of the monthly rent in addition to the listing fees. Make sure you're getting your money's worth with this. If you've got a good tenant and can manage repair issues long-distance, you may only need to pay for listing fees. However, that leaves your property without an eyes-on look from someone other than a tenant, and that's not wise. Either way, find a good handyman in the area and keep them on speed dial. + +**HOAs** + +Read your HOA docs and find out exactly what you need to do to rent the property. Your HOA may require board approval of your tenant. Get that process started early. If there's strict lawn care or other appearance standards, it may be beneficial to hire a lawn care company and just include it in the price of the rent. Be sure to list HOA standards in your rental contract and leave the tenant responsible for adhering to them. HOA fees are normally included in the rent so that you guarantee that they're paid. + +In a condo situation, FHA financing regulations require a certain percentage of the complex to be owner-occupied or the complex will not be eligible for typical financing. Without the ability to get FHA financing, the units will be less sell-able, and therefore will drop in value. In an effort to preserve the sale-ability and value of the entire complex, condo HOAs will deny requests to turn an owner-occupied unit into a rental IF the complex is close to that percentage. When purchasing a condo with the intent to rent in the future, ask the HOA about this. HOAs are also responsible for the maintenance of the parking lot, exterior structure, etc, and if the finances are poorly managed, it could result in an assessment against each unit. This is yet another financial contingency you must be ready for. + +In a typical single family home neighborhood, the management of the HOA can still make-or-break the rental situation. Do your research and talk to the board. + +**Pool** + +A pool is easily $40,000+ worth of value in the home, and it's likely to your financial advantage to properly maintain it. Tenants may or may not care for it the way you would, you have to make the risk management decision. Consider hiring a pool maintenance company and include it in the price of the rent. One less thing for the tenant to worry about, and you've got the asset covered. Similar consideration should be made to AC system maintenance - just have the AC guy come once a year for a tune-up and add it to the pile of expenses. + +**Pets** + +Your call on pets. Once pets live in the house, it's going to be hard to rent to non-pet owners unless you replace all the carpet. Pets can also kill the lawn and/or landscaping. I personally have pets and have had my own pets in my homes, so I've allowed my tenants to also have pets. You can attract a tenant who's willing to pay a bit more to have a good house with a good yard for their dogs. I always charge a non-refundable pet deposit, usually $250. That money will go towards cleaning or replacing the carpets or other damages directly from the pets. + +**Landlord's insurance** + +You will need a new insurance policy on the property. A typical homeowners policy covers the home AND the contents, whereas a landlord's policy covers just the home. As the landlord's policy covers less, it's generally cheaper than the homeowners policy. However, if you had any challenges underwriting your home (pool, trampoline, closeness to the water, unpermitted work, etc) you'll have those same challenges underwriting a landlord's policy. + +**Property taxes** + +Many states have a homestead exemption for a first home that's occupied by the owner. Once you rent out your home, you will lose the homestead exemption the following tax year. You will have an escrow deficiency that year (make it up in cash) and then a higher payment after that year's escrow analysis. Homestead exemption is typically $50,000 off the assessed value, so you can guestimate by adding that much to your value and then figuring out what the new taxes should be. For my house, it's about $1100 extra a year, or just shy of $100 a month. Make sure you include this in your rent pricing, and do careful research into the property tax laws of your county. + +**Cash flow break-even rent pricing** + +Mortgage payment (including increased property taxes) , +10% management fee, + +4% annual turnover, + +10% expected repairs, + +8% vacancy, + +HOA fees, + + extras (pool, lawn). + I'm not factoring in pool or lawn expenses, as those are usually considered perks and added in afterwards. + +With a property manager: payment + 32%. Without a property manager: payment + 22%. Without a property manager and self-listing: payment + 18% + +Now, take that number, and compare it to the typical market rents of houses near you. Can you cover your expenses? Break even? Come out ahead? Will you have to "feed" your home? If so, how much? + +**Feeding the home** + +Feeding the home is when you're spending more in expenses monthly/yearly than you're making in rent. Sometimes this is due to a catastrophic repair event, sometimes this is due to market fluctuation. Sometimes this is due to over-leveraging in your financing (zero down loan) and a high interest cost. Whatever the reason, you need to make a risk calculation to decide to continue feeding the property extra money or to just cut your losses and sell the house. Here's a few ways to look at it. + +First, calculate your expected net loss at closing if you were to sell the property. Next, calculate how much you'd have to "feed" it monthly. Compare the two and find out your break even point. If you're looking at a $5,000 loss at closing, but only feeding the house $200 a month, your break even point is 25 months, or 2 years. In that 2 years, your property values can go up, your cost of ownership can go down (mostly your monthly interest cost), and market rents may increase. So, 2 years from now, calculate if it's worth it to continue keeping the property and move on from there. If you're feeding it $100 a month in contrast to a potential $20,000 loss, feeding it is likely the way to go. If you're feeding it $500 monthly while looking at a $2000 closing loss, you're probably better off to just sell it and move on. + +As you pay down the house, your equity increases and the cost of ownership decreases. Your return rates will therefore increase. If your monthly mortgage pay-off amount is around $450, but your feeding the house $200, your cash flow will show that you're losing $200 monthly, but your network has an overall gain of $250 monthly. This can be a fantastic long-term strategy, if you've got the finances and budget to sustain it in the short term. + +Catastrophic repair events happen, too, but these can increase the value of the property. For example, a new AC system may be $7000, but you'll get that money back when you sell it. Its a factor in planning, but not really a month to month expense. More on that later. + +Granted, all of these numbers are looked at before the emotional factor of personal finance is considered. If it's worth it to you to spend $200 a month to keep your dream home for 2 more years until retirement, then that's an emotional decision. A perfectly reasonable one to make, if that's what you want to do. Just factor everything in together when looking at the big picture. + +**Tenant screening** + +Obviously, selecting good tenants is key to maintaining a good rental relationship. I had tenants who ended up growing pot in my house and cost me a significant amount of money. Renting to military families is also hit or miss, I've had fantastic military families in my homes and challenging military families in my homes. Even if you list the property yourself, run a full background check and look at their financial ability to pay you. I don't pay too much attention to their credit score (unless there's a glaring problem), but do look at their ability to PAY their rent on time. + +**Managing the tenant relationship** + +There's another person living in my largest financial asset. I try my best to be open and accessible, without getting too buddy-buddy. If there's an issue with the house that falls on the landlord's responsiblity, I've tried to err on the side of the tenant. For example, the month that my tenants had to heat their house with their stove while we installed a replacement HVAC system, I covered their natural gas bill. With good tenants, the good will generally pays off quite well. + +**Income Taxes** + +You will pay income taxes on your rental profit. That's after deducting your expenses. Rental property expenses are not deducted in the same way as your primary mortgage interest - that's the difference between taking the standard deduction and itemizing. I normally take the standard deduction, as I don't have personal expenses worth itemizing. However, your rental property is treated like a small business and rental expenses will count against your rental income to get the bottom line. + +The following expenses are deductible: Insurance, interest, property taxes, utilities, listing fees, management fees, HOA fees, repairs. You can also take depreciation (more later on that.) Upgrades and capital improvements are not deductible, but can be straight-line depreciated (I've never done this myself.) If, say, the roof goes bad and you spend $10,000 on a new roof, that's deductible. If you ADD on a deck, that's considered an improvement. + +The main out-of-pocket expense that you can't deduct is the principle part of your mortgage payment, as that's not an actual expense. That money still go towards increasing your net worth by increasing your equity in the property. + +I do my own taxes every year with the $79.99 version of TurboTax and a few hours worth of research. Good record keeping during the year is essential, especially when adding up all of those Lowes receipts for repairs. + +**Depreciation** + +Oh, boy... Depreciation is the idea that an asset has a limited lifespan, and after a certain amount of time, the asset will be worth zero. The IRS allows you to take a fraction of that every year, and consider it an expense against your income. (https://www.investopedia.com/articles/investing/060815/how-rental-property-depreciation-works.asp) Taking depreciation will reduce your income taxes, however, you will pay capital gains taxes on the depreciated amount when you go to sell the property. + +With long term capital gains set at 15% (for most people), chances are that you're better off taking the depreciation if your current marginal (not effective) tax rate is above 15%. There's no telling what tax rates will do in the future, though. If/when you sell the property, hopefully you'll have the cash available to pay the taxes at that time. + +Depreciation can be compared to the tax advantages of a retirement account. It's is more like the Traditional instead of the Roth, where you take the tax break now but pay for it later. + +When you sell the property (either because you wanted to or because you're dead and the estate is selling it), the capital gains taxes are paid as follows: Net of sale (market rate minus selling expenses), minus original purchase price, plus depreciation taken. + +If the house purchased for $100,000, depreciation will be around $3000 a year. Letssay, 4 years in, you've depreciated the house by $12,000. Your basis in the home is now $88,000, NOT the original $100,000. You sell it for $150,000, net $127,500 (15% of $150,000). $127,500 - $88,000 = taxable gains of $39,500 x 15% = taxes of $5925. Without depreciation, the taxable gains would have been $27,500 and taxes of $3300. + +**The emotional factor of landlording** + +My husband and I rented out our first home after we upgraded to a larger one. A few months later, he was at the home fixing a minor issue and saw how our tenant was taking care of the property. The place was dirty, smelled bad, and overall not well kept (bad tenant screening on my end). This was OUR home, the home we brought out daughter home from the hospital to, the home that we shared our wedding night in. Seeing it treated poorly by a stranger was a punch in the gut. No amount of money was worth seeing our memories misstreated like that. + +Or is it? You're going to have to decide what your emotional investment into the property is and if you can allow it to become someone else's home. This isn't a financial decision as much as it is a personal one. The personal influence can cause you to make a less than optimal financial decision concerning the property, so just keep that awareness as you make those critical decisions. + +**Internal financial management** + +Per most states' state law, rental security deposits must not be commingled with other monies. I keep a separate savings account with the security deposit and just don't touch it. Any interest that the deposit accrues is owed back to the tenant at the time that they move out. + +I have a separate checking account for my property. Rents are paid in, expenses paid out. That way, everything is in ONE location and it's easy to figure out exactly what our profit/loss is. If you're managing a property locally, get a debit card on that account for Lowes purchases. I also keep a savings account for each property for escrow and repairs. (one property is paid for, so I maintain a manual escrow account, the other is a straight emergency fund.) + +I structure my personal budget to pay my mortgages and rental expenses out of our base pay, and then use the rents to put money into retirement, savings, and my daughter's college fund. That way, if (when) there's a vacancy or a problem, I'm not coming out in the red during those months. We can at least cover our expenses on our base pay, even if there's a month or two where we don't quite get to retirement contributions. + +In addition to emergency funds set aside directly for the property, make sure you can handle the one-off catastrophic emergency. + +**Catastrophic emergency** + +Last year, I lost $22,000 in rental real estate, between rehabbing my first home, fixing up the second, recovering from crappy tenants in the second, and worse. The city hit my sewer main, said it was my fault, and I was out $10,000 in a single month. 3 years ago, the heater in my first house went out in December, and I wrote a check for $7000. I currently have $16,000 invested in 3 different sewer main re-builds under two different houses. (never, EVER again buying anything with cast iron pipes.) These things happen, and we dealt with all of this on SSgt pay. Thankfully, most of those losses have been made up over the next 1-2 years' worth of rent, but you NEED to have the cash on hand to be able to cover these types of emergencies. Good credit is also helpful - I had to borrow $10,000 once to cover turnover and repairs, but ended up coming out on top in the end. Ultimately, your rental property is likely a significant chunk of your net worth, and while it may hurt to spend ten grand on a repair issue, that's only 5% of the value of a $200,000 home. Not worth losing a whole asset over 5%. + +**The hassle factor** + +Landlording is not easy. Dealing with people, finances, local real estate markets, construction type repairs, etc. It's a package deal. Some months I spend 30 minutes on it and make a decent amount of money. Some months it's 30 hours a week and I lose money. Overall, I've done pretty well, but it's the law of averages. + +Purchasing the next home with a rental + +SOOOO... you're on the brink, ready to rent out your current house and go buy another one. Here's some things to think about: + +**Financing considerations** + +So, you've PCSed and now want to buy a new house at your next duty station. That's great, now you need to convince a loan officer to give you another mortgage for another property. + +First, you're going to have to be able to afford a second mortgage with your current debt to income ratio. If your rental mortgage is all the debt you have, you're probably in a good spot. Add in some vehicle or student loan debt, and now it doesnt look too good. + +You can use you rental income to compensate for the rental mortgage, but the bank will want to see 2 years tax returns with the income. Depending on when you converted it to a rental and what time a year you want to buy, 2 years tax returns can take closer to parts of 4 years to document. + +**Purchase conservatively** + +The bank will do all they can to max out your DTI (debt to income ratio) to earn just as much interest off of you as they can. By choosing a smaller/cheaper home for your initial or second purchases, you can reign in the budget. Think of who you're going to rent to when you PCS, and make sure you can afford to rent within BAH rates. Just because the bank says you can borrow a half million dollars on a mortgage doesn't mean you should. And if you do, you will have zero room to finance the next property. Scroll back to the top where we talked about not over-buying. + +**Leverage ratios** + +Alright, heading into the weeds here... The more you've borrowed against a property, the higher the leverage ratio. This isn't generally a problem if you're living in your own home and plan to remain there for quite some time, but it does become a factor when the bank starts looking at your suitability for the next purchase. (https://www.thebalancesmb.com/top-don-ts-in-using-real-estate-leverage-2867098) + +If you owe $90,000 on a home worth $100,000, your leverage ratio is .90, that's very high. If you owe $90,000 on a home worth $400,000, your leverage ratio is now 0.225. That's very conservative. With the same debt to income ratio, the real estate owner with the lower leverage ratio is going to be a much safer customer to the bank. You can better your leverage ratios by 1, paying down the house or 2, letting it appreciate. The first is within your control, the second is not. + +**Interest expense** + +The single greatest expense in the first year of home ownership is the purchaser's closing costs. Beyond the first year, the greatest expense on a financed property (barring an enormous catastrophic event) is the interest expense. The lower your interest expense, the higher your profit. You can lower your interest expense by 1, getting a better rate and 2, borrowing less. You can borrow less by either putting more down on the home, or by paying it down early. + +**Paying off a house early** + +So, this one is highly controversial in the landlord business. Some folks will say to borrow as much as possible against a rental property because the interest is completely tax deductible and you can leverage your cash to purchase multiple properties. It's also possible (some years) to make a better rate of return in the stock market. While both of these schools of thought have validity, it's overlooking the factor of RISK. I've personally paid off a rental property and it was one of the greatest feelings in the world. Sure, I'm not making quite as much on that money as I could, but the risk on a paid for property is much lower than with a financed property. It also doesn't count towards my DTI any more, and isn't much of a hassle factor in future property financing decisions. At a minimum, paying off the house will give you a return equal to the interest rate, minus the marginal taxes you would have paid if you had taken the deduction. However, if you achieved a greater rate of return elsewhere, you'd also owe taxes on that, at either capital gains rates or your personal marginal tax rate. + +If your goal is to churn and burn and just buy as many properties as possible, you're likely going to finance all of them as much as you can. If your goal is to retire from the military with one or two investment properties, then work towards paying them off at a reasonable rate. + +**Conventional VS creative financing** + +Creative financing is an option, but not one that most of us use. This would be something like, say, getting a loan from your uncle's IRA to buy the house, and then you pay your uncle the interest. This is do-able if you've got rich friends/family who are willing to invest in your mortgage. However, loans like this require much more documentation when you're looking at the next deal. Because banks are used to dealing with conforming loans (the fancy term for loans that fit all the rules), they may balk at a lender with a creatively financed asset in their portfolio. You'll have a greater burden of paperwork and proof to demonstrate your continued creditworthiness. + +**Rental VS Owner occupied financing** + +You can borrow money to purchase a rental, but the interest rates are usually a full or two full percentage points higher. On $100,000 borrowed, each full interest rate percentage is $1000 a year or $83 a month. Obviously, that amortizes, but that's the starting expense at month 1. + +**Refinancing a rental as a rental** + +Once the home is no longer owner occupied, it doesn't fit the criteria for owner occupied financing. A re-finance at that point (to pull cash out, clear the VA entitlement, or re-structure of payments) will likely cost that $83 per month per $100,000 borrowed. If you live in a home that will be a rental and you need to update your financing, do it before you move out. + +**Larger down payment** + +You can always entice a bank with a larger down payment. The more money you put down on the next deal, the lower their risk is. Borrowing less also raises your DTI by a smaller amount, and that can help get you approved. Coming up with a larger down payment while turning your current property AND PCSing can be challenging, so plan ahead. + +Here's another thing to think about with the down payment: Your down payment is your buffer between you and the real estate market fluctuating. If you have 5% equity in your house, and the market drops by 5%, you're basically imobile. If you have 25% equity and the market drops 5%, you're still down by that much of your net worth, but the remaining 20% equity gives you the ability to cover closing costs if you choose to sell, cover a dip in rents, etc. Better to lose money you have than money you don't. + +Let me say that again - Better to lose money you have, than money you don't. + +**Balanced portfolio** + +Guys, rental real estate isn't the whole thing. For the average homeowner, our home makes up the largest asset in our portfolio. If the house is paid for, it's probably the most significant portion of our net worth. As soon as it's rented, you now have one single asset worth a LOT of money, and all of your net worth is in the same asset class. + +Don't forget to contribute to retirement through tax advantaged accounts (IRAs, TSP, 401Ks, etc). There's been seasons in our life where we had to stop retirement contributions to get over a hump, but that should be the exception, not the norm. Do your own research if your rental property income changes the equation for you while deciding between Roth and Traditional contributions, but chances are, it shouldn't make that big of a difference. + +**Liquidity** + +This is a problem, too. $100,000 worth of home may be worth $100,000, but it's very difficult to convert a house that another family is living in, into cash. Borrowing against the property is an option, but only if your DTI can support it. Selling the property, at a minimum, will take 60 days. Maintain the amount of liquidity in your overall net worth (mine is in my emergency fund) to balance the amount that's non-liquid. Your personal liquidity needs are dependent on your financial situation and your risk tolerance, but it is a factor to consider. + +If I missed anything... ask, and I'll find an answer. Hope this is helpful to someone here. + +I recently watched [this video](https://www.youtube.com/watch?v=tvnKylAyLbQ) where Warren Buffet calles EBITDA "utter nonsense", but I don't fully understand why he thinks this is the case. + +Can someone please ELI5 why some people take this view? + +What are the arguments and counterarguments for paying attention to EBITDA when it comes to valuing a company? +REPOST because I accidently included a relevant YouTube link in an edit (about a DRYS short squeeze) and this caused the automoderator to delete it). Sorry! + +Also, since I got feedback I didn't include enough Emojis, here's a rectification: + +# 🚀🚀🚀🚀🚀🦍🦍🦍🌙💎👐 + +First, let's look at the players involved here. + +# The shorts + +On the short side, we have some hedge funds (most notably Melvin and Citadel) who aimed to make money by shorting gamestop, which they saw as a failing brick and mortar store chain. + +# The Market Makers (may have some overlap with the shorts) + +Marker makers write options (contracts to be allowed to buy (call) or sell (put) shares for a specific price at or before the expiry date). They collect a fee for selling those contracts, but they make the best profit if the contracts expiry worthless, because then they get to keep their fee, and don't need to keep their contract because it wasn't in the money. How does this work? Well, for example when GME was trading around $40, they sold contracts for $800 for the next month or so, never expecting the price of GME to even reach anywhere near $800, so the "fools" who bought the options to buy $800 calls for march 12th and march 19 will be left with worthless calls, or so they thought. (More on this later). + +# The longs + +On the long side, we have you glorious apes 🦍 🦍 🦍, Cohen, and competing hedge funds who are smelling blood and do not hesitate to pull the trigger on Melvin and other shorts, especially if they can make some money while doing so. + +Now let's look at the actions that have led up to this. + +It all started when the shorts were getting greedy, and with Covid19 thought they could pull the plug on gamestop, which they saw as a failing brick and mortar game store that would go the way of blockbuster. They did not expect gamestop would survive covid, and they did everything in their power to make it so. Shorting the company to the ground, with the goal being to drive the price to $0 for maximum and tax-free profit. It's important to point out that they COULD have covered at $3\~$4 but DID NOT. If they did not cover at $3 or $4, what makes you think they covered at $40\~$400? Hint: they didn't. In fact, they even admitted during the congress hearing to not covering by saying that the last peak to $400+ was just a gamma squeeze. In other words they have not even begun to cover yet. + +[Then some people liked the stock](https://www.reddit.com/r/wallstreetbets/comments/m1p4up/a_refresher_on_what_the_is_going_on_with_gme/) + +[Some people have calculated that the real short interest in somewhere between 250% and 967%](https://www.reddit.com/r/wallstreetbets/comments/m19sa7/true_short_interest_in_gee_em_ee_could_be/). (something like 200 million to 500 million shares short). Some people may think this is insane, but if you do the math, you will see that no matter what FINRA says, it's impossible for short interest to be below 200%, and it's more likely to be around 500\~600%. It's hard to find reliable data, but if you just look at the volume and price action, it's obvious that the shorts have only INCREASED since January 28th, not decreased. It is mathematically IMPOSSABLE for the shorts to have covered. It simply doesn't add up. + +# How the Gamma squeeze will trigger the short squeeze + +Some people doubt this could reach $10k or even $100k, just as people doubted it could reach $1000s. But here is why those numbers are not only likely, but MATHEMATICALLY INEVITABLE. (I'm not an expert to so take it FWIW, feel free to call me an idiot, but if I'm right, I'll expect apologies). + +First, let's look at the option interest (source: [https://www.nasdaq.com/market-activity/stocks/gme/option-chain](https://www.nasdaq.com/market-activity/stocks/gme/option-chain)) + +&#x200B; + +|Strike|Open interest March 12th|Open interest 19th|Shares (combined 12+19)|Shares (combined 12+19 cummulative)| +|:-|:-|:-|:-|:-| +|250|3231|2842|607,300|607,300| +|255|563|0|56,300|663,300| +|260|1047|542|158,900|822,500| +|265|303|0|30,300|852,800| +|270|788|748|153,600|1,006,400| +|275|1386|0|138,600|1,145,000| +|280|595|319|91,400|1,236,400| +|285|303|0|30,300|1,266,700| +|290|268|299|56,700|1,323,400| +|295|323|0|32,300|1,355,700| +|297.5|475|0|47,500|1,403,200| +|300|7,011|5,389|1,240,000|2,643,200| +|302.5|131|0|13,100|2,643,200| +|305|276|0|27,600|2,683,900| +|307.5|77|0|7,700|2,691,600| +|310|660|307|96,700|2,788,300| +|312.5|106|0|10,600|2,798,900| +|315|683|0|68,300|2,867,200| +|320|406|908|131,400|2,998,600| +|325|313|0|31,300|3,029,900| +|330|374|264|63,800|3,093,700| +|332.5|130|0|13,000|3,106,700| +|335|124|0|12,400|3,119,100| +|337.5|48|0|4,800|3,123,900| +|340|587|244|83,100|3,207,000| +|345|622|0|62,200|3,269,200| +|350|1876|2426|430,200|3,699,400| +|355|122|0|12,200|3,711,600| +|360|1151|344|149,500|3,861,100| +|365|78|0|7,800|3,868,900| +|370|103|351|45,400|3,914,300| +|375|106|0|10,600|3,924,900| +|380|290|396|68,600|3,993,500| +|385|112|0|11,200|4,004,700| +|390|354|508|86,200|4,090,900| +|395|223|0|22,300|4,113,200| +|400|3527|5156|868,300|4,981,500| +|405|189|0|18,900|5,000,400| +|410|173|258|43,100|5,043,500| +|🌿⚗️|605|1246|185,100|5,228,600| +|430|211|130|34,100|5,262,700| +|440|176|176|35,200|5,297,900| +|450|558|604|116,200|5,414,100| +|460|276|129|40,500|5,454,600| +|470|215|210|42,500|5,497,100| +|480|156|323|47,900|5,545,000| +|490|166|314|48,000|5,593,000| +|500|3,149|7,122|1,027,100|6,620,100| +|510|259|496|75,500|6,695,600| +|520|393|714|110,700|6,806,300| +|530|252|168|42,000|6,848,300| +|540|129|161|29,000|6,877,300| +|550|490|1557|204,700|7,082,000| +|560|198|218|41,600|7,123,600| +|570|305|194|49,900|7,173,500| +|580|94|615|70,900|7,244,400| +|590|87|272|35,900|7,280,300| +|600|1715|2065|378,000|7,658,300| +|610|99|180|27,900|7,686,200| +|620|117|153|27,000|7,713,200| +|630|98|112|21,000|7,713,200| +|640|326|250|57,600|7,791,800| +|650|464|456|92,000|7,883,800| +|660|320|147|46,700|7,930,500| +|680|198|289|48,700|7,979,200| +|700|1189|1264|245,300|8,224,500| +|720|210|299|50,900|8,224,500| +|740|307|239|54,600|8,330,000| +|760|659|358|101,700|8,431,700| +|780|1936|1060|299,600|8,731,300| +|800|22,244|27,686|4,993,000|13,724,000| + +Now, it's important to mention that the MMs will try to stay delta-neutral. In other words, they will start buying BEFORE the price hits strike price. When the MMs sold $800 strike options while the price was at $40, they calculated it would be a 1 in a million chance or something really low that GME would hit $800 by march 12th. However, now, that chance is approaching 1% and climbing. The MMs still don't need to cover fully, but they are starting to consider the CHANCE of it happening is becoming more and more likely. So for each option (remember each option is 100 shares) they may be already buying 1 share per option for the 1% chance of it happening. But this very act may CAUSE it to happen. + +At some point, this is a self-fulfilling prophecy. Because MMs are 'insuring' their bets by buying shares just in case the price goes up, the price actually goes up, which means they need to insure even more, which creates a snowball effect. All the way up to, or beyond, the last option, which is at strike price $800. + +Similarly, the MMs probably considered it about maybe 5% likely that GME would hit 300 this week, but now it's more like 95% like, which means for each option contract with STRIKE 300, they will be buying 90 shares BEFORE the price hits 300 (which means about a million shares bought, which may actually cause the price to reach 300 in the first place!) They do this because they will be worse off when they have to buy in AFTER the price reached PAST 300 (then they will DEFINITLY make a loss). At least if they buy in BEFORE the price reaches $300, they can still make a profit or at least cut their losses. + +Remember, all parties are TRYING to make money, but not all of them succeed. So MMs are the ones driving the rally you have seen for the past few days, and looking at the above table, this will likely push the price towards, and likely over $800 either this week, or next week. + +You can also see in some particular numbers there's a LOT of shares that need to be covered, expect a lot of action when we APPROACH those numbers (for example, $300, $350, $400, $420, $500 and of course $800) as you can see, some of those numbers are close, and a gamma squeeze looks inevitable at this point. + +# This is only the GAMMA SQUEEZE. Now what about the short squeeze? + +Some people ask: "Why don't the shorts just wait for the rally to be over, and buy when the price drops back to normal levels?" Simple answer: they can't. Melvin was already down 53% the last time and they didn't even cover (that was just a gamma squeeze, by their own words). When a hedge fund has a short position, they can keep that position, as long as they have enough other assets to cover themselves. If the price of the asset they are short increases drastically (like in the event of a gamma squeeze), they will be FORCED to buy. As an example, let's say Hedge Fund M has $100 billion worth of assets, and shorts Company G for $1 billion at $10 per share. Now the price goes to $1000 per share, so they need to cover $100 billion for their shorts. This is an unacceptable risk, as their shorts are now losing more money than their entire portfolio can cover. So they will be forced to liquidate their assets and buy the shares they shorted. However, this very act will drive up the price (if you want to know how, read up on order books and slippage, this post is getting long enough as it is). + +In fact, this would usually happen long before they reach the point of bankruptcy, but seeing as Melvin managed to lose 53% and still didn't cover, it seems likely Melvin is too stubborn to cut their losses, and will ACTUALLY go bankrupt. This will leave the responsibility to cover with the clearing houses. The clearing houses are sure as hell not going to gamble (I'm pretty sure that's illegal). So the clearing houses would cover IMMEDIATLY, regardless of costs. Even if the feds literally has to print the money out of thin air. So TL;DR, it's a short squeeze because the shorts are FORCED to buy back their shorts, one way or another. Since they need to buy back hundreds of millions of shares (while only about 50 million or fewer are available) this will be "name your price" kind of prices. This is where $100k is NOT a meme. + +# IMPORTANT LAST POINT: + +**Don't lose hope when the squeeze does not happen this week or the next, there are still lots of other triggers that can happen in the near future. Remember, it doesn't cost us anything to HODL, but it does cost them a lot to SHORT. Every day they are losing MILLIONS. Every day we keep the price above $0 is a WIN for us.** + +~~Edit: those who still doubt $100k because it would make the market cap too high, DRYS went to $1.5 BILLION PER SHARE during a short squeeze. Let that sink in~~. That was a reverse stock split so not exactly relevant. +Hi All + +I have just north of $220k in an unused Heloc and I’ve been thinking about using the Smith Maneuver. The interest rate is 2.95%. TFSA and RRSP are maxed-out. + +While we are in a detached home I don’t think we are in our “forever” home. 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The 4000 BNB presale sold in seconds. With their unique automatic buyback function, this is the first token since March that has multipole billion dollar marketcap potential. I repeat, This has never been done before EverRise, get in in the next big play this week. + +Stop falling for the imitators and ride up with the big boys. + +* Multiple exchanges inbound - Bitmart, BKEX and more! +* Celebrity endorsements ;) +* Certik Audit has been expedited +* over 30,000 holders in it's first week + +The same way SafeMoon popularized the redistribution to holders feature we see being used today by almost all defi tokens… EverRise is doing the same with their proprietary automatic buyback feature. + +The way is works is a 6% transaction fee is stored in the contract and used to buyback coins through pancake automatically. The transaction is triggered after ever sell…. With this brilliant coding, you will never see 2 sells in a row! WOW + +&#x200B; + +* By investing in EverRise, you also become early investors in their two official use-cases, EverLock and EverOwn, which are sure to revolutionize the BSC space. More information in their whitepaper. + +Get in there and see what it's all about! + +Whitepaper: [https://www.everrisecoin.com/wp-content/uploads/2021/06/EverRise-Pitch-Deck-1.pdf](https://www.everrisecoin.com/wp-content/uploads/2021/06/EverRise-Pitch-Deck-1.pdf) + +Telegram: [https://t.me/everriseofficial](https://t.me/everriseofficial) + +Website: [https://www.everrisecoin.com/](https://www.everrisecoin.com/) +>"The whole, or almost the whole public revenue, is in most countries employed in maintaining unproductive hands... **great fleets and armies, who in time of peace produce nothing**, and in time of war acquire nothing which can compensate the expence of maintaining them... themselves produce nothing, [and] are **all maintained by the produce of other men’s labour...** Those unproductive hands... may consume so great a share of their whole revenue, and thereby oblige so great a number to encroach upon their capitals, **upon the funds destined for the maintenance of productive labour**, that all the frugality and good conduct of individuals may not be able to compensate the waste and degradation of produce occasioned by this violent and forced encroachment." + +[Adam Smith, The Wealth of Nations - Book II - part III. "Of the Accumulation of Capital, or of Productive and Unproductive Labour"](http://www.bartleby.com/10/203.html) +Not uncommon to see people wondering where everyone is on their "journey". Which is difficult because different people have different levels of income and have also been working for different lengths of time. + +I found these three charts that may help put net worth numbers in some type of context. + +1. [This first chart](https://www.zerohedge.com/sites/default/files/inline-images/ret%2011_0.jpg?itok=Y0EdwlP3) shows net worth in relation to income grouped by age. +2. [This second chart](https://www.zerohedge.com/sites/default/files/inline-images/ret%207_0.jpg?itok=wo1KbwUg) focuses only on retirement account balances in relation to income, grouped by age - removes the effect of primary home ownership. +3. [This last chart](https://infogram.com/1p3mdww0yzywk0s0mv0re0lzdycd7wrwyz7) indicates average and median net worth grouped by quintiles. + +Now, keeping up with the Jonses may not be the right benchmark because they are not really "save for the future" type folks, as indicated by [this tweet from last year.](https://i.imgur.com/mBEsRD6.png) Hopefully you are all saving more than $6/month. +PSA: DO NOT USE A SELL MARKET ORDER DURING THE SQUEEZE!! USE A LIMIT SELL!! + +the squeeze is inevitable and while we are quibbling about the floor I figured this was probably the most important information FOR ALL APES TO KNOW. During the squeeze, I would be shocked if all the bid prices magically vanish. Why is that relevant? if the price is climbing rapidly and starts hitting 1k, 10k, 100k, 1m, 10m, etc and you apes start getting really excited, you're thinking hmM MaYbE I ShOuLd SeLl now, and then press the big red sell button on your app, what happens. simply: the order gets filled at the highest bid, well if the hedgies are being liquidated on market orders but the retail buy order of 255$ is still sitting there even though the displayed price is $69696969 guess what. you just sold at 255$. !!!! bUt tHe pRiCe was 69429420! but you decided to use a market order. A limit order is a type of order that Guarantees the price is filled at that level or better, so if your limit order is 10mil you will not get filled for a single share below that (but you may get higher sell prices :)) this is also literally what the "ask price" is, limit orders sitting there waiting. Now some of you might be scared, now this is mostly fine because of gap filling, if someone does this it will trigger 1 hell of a halt but the continual market orders from the hedgie liquidation will continue filling back at the millions, this will simply increase the number of halts we experience. but most importantly you just sold at 255 NOT 10m so be careful out there apes. The sell limit order is like a triple-layered condom, protect yourself during the squeeze. + + + +For anyone with a broker that currently doesn't offer sell limit orders, I believe it to be a very good idea in your own interest to look into other brokers that do offer sell limit orders and consider transferring or opening another account and buying there. don't want to see people miss the squeeze cause of a shitty broker. + + +TL: DR USE A GODDAMN SELL LIMIT ORDER OR YOU WILL RESET THE SQUEEZE AND MISS OUT ON TENDIES + + +NOT FINANCIAL ADVICE, I Just like the stock and the people in the community &lt;3 +Return on investments are not expressed by months, weeks or days. They are expressed *annually*. + +So when you say, "*You can get 2% of APY/month*", or "*with a 1% interest/week*", or "i*f you coumpound interest on a 10% APY*", then you sound like a fool. + +There are two different acronym you *need* to understand. + +**APR** : Annual percentage rate; it's the annual rate of return on an investment, **without any compounding**. + +It's basically the return you realise by lending (or staking, etc.) an asset after a year, if you do not touch it (no compounding). So, if you invest $100'000 with a 10% APR, you will get a return $10'000 after a year (10%). + +**APY** : Annual percentage yield ; it's rate of return earned on an investment, **taking into account the effect of compounding interest**. + +It's the return you realise when compounding the interest whenever it's possible to do it. The compounding can take place daily, weekly, monthly, annually. It depends on the terms & conditions of your investment. + +**Compound interest**: it's the fact the interest accrued on your investment is (automatically/manually) added to your investment and start accruing interest as well. + +An APR where you can compound interest daily is going to be a much higher APY than an APR with monthly coumpounding. + +Let's take a few examples: + +* 12% APR. That's 12% per year (or 1% per month if you want). So if you invest $100, you get 12$ a year (1$ every month). After a year, you have $112. +* 12% APR allowing you to monthly compound. That's a 12.68% APY. So if you invest $100, you get 1$ the first month (that you coumpound), $1.01 the next month, $1.021 the third, $1.0303 the fourth, and so on. +* 18% APY with a daily compound, is a 16.56% APR. +* 45% APY with monthly compound, is a 37.18% APR. + +If you want to understand how to convert your APR to your APY, you can head there: [www.aprtoapy.com](http://www.aprtoapy.com). There are also the mathematical formulas and explanations. + +I hope that helps some of you to better understand the financial aspects your investments and use the correct terminology, so you don't look and/or sound uneducated. + +Have a great day! +I'm thrilled so many of you were able to read yesterday's [POST](https://www.reddit.com/r/Superstonk/comments/nqzo1o/i_got_what_you_quant_6221_trading_analysis_and_a/?utm_source=share&utm_medium=web2x&context=3), I really like some of the conversations it's started among 🦍, and especially between 🎮🦍 and 🦍that like movies. Thanks for all the awards, and for everyone that's sent me messages, please be patient, I'll try and respond when I get a chance. If you haven't read the 6/2 analysis post, I advise doing so now. Before today's tea, I wanted to address newer and young 🦍ling's - The action today, especially in the movies, highlights how critical it is to **REMOVE ALL STOP LOSS ORDERS**! Set pricing alerts if you're concerned, reassess things at that time, and if your investment doesn't make sense to you anymore or a narrative has changed make changes as you see best fit, but having stop losses in place plays directly into Citadel's HFT algos that hunt for stop losses and cause paper hands. Don't invest anything into any stonks you can't afford to lose. Understand, the 💎🖐 shown from more seasoned 🦍 that like movies, that were on full display today when the stonk lost half it's value from premarket highs, have been forged through the trials and tribulations on 2021. If you still like the movies, don't be ashamed or regret if you 🧻🖐, learn from it, and understand you are up against incredibly sophisticated HFs & MMs that earn $BILLIONS upon $BILLIONS every year trading. If this seems overwhelming or too difficult, that's normal. Determine your own risk tolerance, and if being involved in this saga seems too high, nothing wrong with sitting on the sidelines and watching the show. This is not financial advice, and please don't be offended if I ignore the questions or messages that I feel like should directed to a financial adviser. THIS IS A MOVEMENT. + +&#x200B; + +Tea Time! New day, more data, thesis from 6/2 remains unchanged. The linear relationship between GME-AMC further deteriorated, and the logarithmic relationship remained the same. Here's a pretty picture - + +&#x200B; + +[6\/3 Update - Plot of AMC and GME closing prices - LOG R\(sq\) = 0.72; Linear R\(sq\)=0.42](https://preview.redd.it/3dc7uceqz3371.png?width=726&format=png&auto=webp&s=97a8d545e659e8a19f2f9255d0d27981abc54273) + +&#x200B; + +Before giving my thoughts on today's trading, I'm going to try and clarify some things from yesterday's post. Scroll past if you just want to get to today's tape - + +\------------------------------------------------------------------------------------------------------------------------------------------ + +* Some 🦍 with statistically savvy wrinkle 🧠's had some good input on R^(2), but there still seems to be some confusion on the point I was making. Using statistics for financial risk analysis is very different than the textbook "hypothesis" testing used to analyze data to determine dependency - i.e. do the numbers in data set "A" influence data set "B" in a significantly important way. In financial risk, this doesn't matter, because VaR is not trying to prove anything, rather VaR recognizes relationships exist, and correlations with low R^(2) are weighed less heavily than higher R^(2) in the linear algebra/matrix multiplication that gives a single value for a large set of data. I'm going to try and put something together soon that looks into all meme stonks, but until then, I recommend learning more about matrix multiplication and linear algebra if you're into that sort of thing and want a deeper understanding. As a preview, here's a snapshot of example of the matrices my VaR model generates from my pre-pandemic portfolio - + +[Correlation Matrix](https://preview.redd.it/u03ae68j54371.png?width=785&format=png&auto=webp&s=95aa2f34d589b96003a20964d6820888b7d1710d) + +[Covariance Matrix](https://preview.redd.it/54xnaokp54371.png?width=770&format=png&auto=webp&s=81fb0676e9824b2c57e92a6eda60b9de34060f2f) + +* There was also some talk about removing "outliers" from the underlying data to improve the linear R^(2). **This is a MAJOR NO in risk analysis**. When your data sets suddenly present outliers, that means it's time for a closer look into the data and some critical thinking, because sudden outliers signify trend changes and potential tectonic shifts that can quickly blow out your VaR if not closely monitored. This usually leads to portfolio rebalancing to get your risk back down to the desired level. +* I saw lots of comments calling for a $100 AMC ceiling/price target. I want to reiterate, if AMC gets to that level, it does not mean AMC immediately gets dumped, and could even mean the complete opposite. The importance of $100 AMC is that is the point of parity between GME and AMC for hedging, and past that level, any hedge an AMC long position gave to a GME short position begins to quickly deteriorate. Mathematically, this is explained through calculus, i.e. if f(x) = ln(x), then f'(x) = 1/x and the mathematical principle 1/ ♾ = 0. +* More on the important difference in linear and logarithmic correlations, specially in regards to GME prices. **When AMC and GME shared a linear correlation, the magnitude of price changes throughout the trading day candles was very similar. Now that the linear relationship has deteriorated, and the logarithmic relationship has strengthen, the magnitude of GME price change candles is reduced relative to AMC upticks, and amplified by AMC downticks.** This goes back to the calculus involved with logarithmic correlations given that f(x) = ln(x) and f'(x) = 1/x. + +\------------------------------------------------------------------------------------------------------------------------- + +After today's trading, I am more confident in the thesis laid out yesterday, and excited to see what tomorrow brings with option expiry. Please take a moment to reflect on the comment the CEO of AMC made today after they announced the 11 million share offering - + +&#x200B; + +"*Our current market prices reflect market and trading dynamics* ***UNRELATED*** *to our underlying business, or macro or industry fundamentals, and we do not know how long these dynamics will last" -AA* + +&#x200B; + +**ATTENTION 🦍!!! THE CEO OF THE MOVIES** **~~CONFIRMED~~** ***PROVIDES FURTHER EVIDENCE SUPPORTING*** *(Edit 2)* **THE THESIS LAID OUT YESTERDAY!!!!** + +Now, did he say verbatim that 🔔a💩 is manipulating the the stock higher due to a dynamic in the stock price that has made it a hedging tool against GME shorts? No, because the PR teams that release public statements from CEO's aren't that blunt, but given what we discussed yesterday, 🦍 can read between the lines, well, at least those that can read... + +&#x200B; + +Time for another pretty picture - + +[Today's Clues - Note Pink and Yellow Circles](https://preview.redd.it/jssbkzde74371.png?width=1668&format=png&auto=webp&s=11522658acb3a50fa7f301443581ebb6029bf34d) + +&#x200B; + +Main points I want to touch on, are the pink circles really highlight more evidence in support of yesterday's thesis. I am interested in what happened the last 30 min of the day though, and I want to reiterate this point - + +* **When AMC and GME shared a linear correlation, the magnitude of price changes throughout the trading day candles was very similar. Now that the linear relationship has deteriorated, and the logarithmic relationship has strengthen, the magnitude of GME price change candles is reduced relative to AMC upticks, and amplified by AMC downticks.** This goes back to the calculus involved with logarithmic correlations given that f(x) = ln(x) and f'(x) = 1/x. + +In the last 30 min of today's trade, it seems like this started to breakdown, so it might be a sign things are changing once again. We'll know more tomorrow. + +**TL/DR (for🦍 that can't read) :** + +💎🖐🦍➡💩a🔔🎆➡🔥🚀🚀🚀🌙➡🍗🍗🍗 + +&#x200B; + +**EDIT 1:** Shoutout and thanks to the Mods for **SATORI!!!** There's no way yesterday's post would have reached as many 🦍 as it did without it! Also, grammar.... + +&#x200B; + +**EDIT 2:** Changed ATTENTION 🦍!!! verb to be less definitive + +&#x200B; + +**EDIT 3:** I've gotten many requests to share the data points I've used. I pulled all the pricing data from yahoo finance and used excel. [GME Data](https://finance.yahoo.com/quote/GME/history?p=GME) [AMC Data](https://finance.yahoo.com/quote/AMC/history?p=AMC) + +&#x200B; + +**EDIT 4:** For those visual learners, cred to u/omishikenshin recent post showing the dynamic tick for tick here - [https://www.reddit.com/r/Superstonk/comments/nrh23o/when\_kenny\_copied\_someone\_else\_homework\_and\_got/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nrh23o/when_kenny_copied_someone_else_homework_and_got/?utm_source=share&utm_medium=web2x&context=3) + +\---------------------------------------------------------------------------------------------- + +**EDIT 5:** I intentionally did not mention "short squeeze" after AA's comment because I do not think this is main driver of AMC's price at this point, but have seen many questions about it, so I'll share my opinion. It's impossible to know if the buying pressure from short's covering is done yet. I've seen posts stating the short positions haven't covered, but only the SHF know for certain if they have. Here's some key facts to consider to help draw your own conclusion - + +* Since 5/27, approximately 4 billion AMC shares have been traded +* AMC had a float of \~450 million shares on 5/27, and since has completed two share offering, increasing the float another 20 million shares to \~470Mil +* From the 13F, on 4/1, 💩a🔔 owned 724,599 AMC shares and 4,110,000 Calls. I don't know what they own today, but have seen posts claiming 11 million AMC I did not verify, because that is a drop in the bucket compared to the share equivalent of their calls. On 4/1, AMC was in the single digits and I believe the highest strike price available in the option chains was 40. This means every call 🔔a💩 still owns from their 13F filing is now in the money. **I don't know how many calls they still own**, but because each option contract is for 100 shares, **IF** they still own 4M+ calls they are effectively long over 400,000,000 shares. That would translate into 💩a🔔 owning \~85% of the float (400mil/470mil). After AMC's latest share offering, I believe the total number of outstanding shares is approximately 525 million. With 400,000,000 shares, 💩a🔔effectively owns 76% of all AMC stock (400mil/525mil). +* 💩a🔔 is the largest market maker in the industry. They handle \~50% of all retail orders, \~25% of all market orders, and nearly 100% of retail option trades. This is not just AMC. This is every stock and ETF in existence. During the regular market trading session, 1/4 of the ticks higher or lower in ANY stock or ETF in THE ENTIRE MARKET are a result of 💩a🔔 putting their high frequency trading algorithm to use. Let it settle in for a second. Every time you check yahoo finance or refresh your favorite broker app, the 25% of the time the price you see is the price 💩a🔔 executed a trade for ANYTHING. + +So given the facts, IMHO, I think any SHF that wanted or needed to cover their short has at this point because 4 Billion shares have traded hands, and 20 million fresh, real shares have been created. I do not believe all shorts have covered, but do think the ones that were forced to have. I do think SHF naked shorted AMC, but nowhere near GME, because fundamentally movies were always going to reopen after the pandemic - the product they sell is an experience with many repeat buyers, not a "dying brick and mortar retailer" selling "one time purchased goods". Also, it's much easier for MSM to shout "LOOK, SQUEEZE!", because to an untrained eye that's all AMC recent price rise looks like. One of the biggest lessons all 🦍 should take away from everything happening right now, is the MSM is owned by the extremely wealthy, they control the message broadcast to the peasants, and that message is always going to be aligned with their interests. Shout out to u/omgheatherjana offering more insight into the MSM here - [https://www.reddit.com/r/Superstonk/comments/nrjcpo/media\_theorist\_here\_lets\_talk\_about\_how\_to\_talk/](https://www.reddit.com/r/Superstonk/comments/nrjcpo/media_theorist_here_lets_talk_about_how_to_talk/) + +&#x200B; + +This edit ended up being a mini post, but my final thoughts and disclaimer. I was a movie 🦍 until I looked more into 💩a🔔 13F, and 2 weeks ago sold and moved those 🍗🍗 over to GME. Wrote a post stating it [HERE](https://www.reddit.com/r/GME/comments/nh6iz0/the_investment_opportunity_got_me_involved_but/?utm_source=share&utm_medium=web2x&context=3). I do own AMC puts to hedge my GME shares based off the DD's I've shared. Unlike GME, I am not as well versed in how deep SHF are short AMC, AMC FTD's, or the estimates for movie liking🦍's ownership of the float. I fully support movie liking🦍's, and if they continue to like the stonk and 💎🖐, AMC likely goes higher. AA now has fresh capital and new shareholder engagement that undoubtedly adds fundamental value to the stonk. I simply like GME, RC, and exciting potential of NFT integration more than the movies. **The $100 AMC price I've mentioned is not a ceiling, price target, or price level destined to result in an immediate share dump, rather, I think it's the price GME and AMC go their separate ways and begin to write independent stories.** There are still many AMC shares sold short, and covering those shares has and still will impact the price, but **I believe since 6/2, short covering has not been the PRIMARY driver of AMC share price**. GL and Goodnight to all you 🦍s. + +&#x200B; + +&#x200B; +Sorry for the silly question but I’m an absolute beginner at crypto and saw that it’s reached 3.3k - too late to buy in now? Thanks in advance and no hate please + +Edit to add: thank you ALL so much for the response and polite assistance. And, well noted- am going to buy in now! Cheers everyone +I'm a recently turned 18 year old that got into investing. I have been doing a lot research in the ARK ETF's and I couldn't choose which ones out of the five would be the best for my situation. I'm looking for an ETF/ETF's with big potential for the long term (retirement). Ive heard that throughout the five ETF's there is a lot of overlap with many stocks. Any suggestions would be appreciated. +I'm a recently turned 18 year old that got into investing. I have been doing a lot research in the ARK ETF's and I couldn't choose which ones out of the five would be the best for my situation. I'm looking for an ETF/ETF's with big potential for the long term (retirement). Ive heard that throughout the five ETF's there is a lot of overlap with many stocks. Any suggestions would be appreciated. +Looking to purchase land in Iceland to develop a tiny home, for personal usage and rental income. Looks like it’s possible for Americans to own property in Iceland, after going through the proper steps. + +Has anyone gone through this process? Any tips? + +I visited Iceland 3 years ago and it’s been on my list. Truly a magical place. +https://www.nysenate.gov/newsroom/press-releases/brad-hoylman/tenant-safe-harbor-act-sponsored-senator-brad-hoylman-signed + +>The Tenant Safe Harbor Act (S.8192B (Hoylman)/A.10290B (Dinowitz)) provides protection from eviction for renters who have experienced financial hardship during the COVID-19 State of Emergency. The legislation prohibits courts from ever evicting residential tenants who experienced financial hardship for non-payment of rent that accrues or becomes due during the COVID-19 period. It would apply to any unpaid rent accrued between March 7 and the yet-to-be-determined date on which all COVID-related restrictions on non-essential gatherings and businesses are lifted. + +>This legislation builds upon the protections of the current eviction moratorium. Prior to the Tenant Safe Harbor Act, a tenant who was unable to pay rent during the COVID-19 crisis could be evicted for non-payment as soon as the moratorium ended. Now, because of the Tenant Safe Harbor Act, a court can never use unpaid rent that accrued during the COVID-19 period as the basis for a non-payment eviction of a financially burdened tenant; however, a court could impose a money judgment. +Hey guys + +Just going to be honest here, WfH beats working in the office by a mile. Better concentration, more free time and more savings. + +However, once social restrictions become lifted (probably in July), do you think WfH will continue? If so, do you think it will continue (i) M-F until a vaccine is found, (ii) on a rotating roster basis so that social distancing can be complied with or (iii) it will just be like the good old days. + +Surely, once businesses realise people are much more productive and they can save on that precious real estate space, they'll be more willing to let us WfH more? In the alternate, do you think companies are worried we are bludging and can't wait for us to be back again? +In the monthly disclosure of Franklin, the short term fund has a cash/call of -17.70% !!! + +Does that mean that they're borrowing money to honour redemptions? + +This is present in their other funds with low grade paper as well, like ultra short, credit risk etc to lesser extents.. + +Specifically in the short term fund it looks like they've sold the AAA paper like pipe and they're just holding on to stuff they can't sell. + +The AUM is down by 3000cr approx, pipe was worth 700cr, the negative cash is 1250cr, yes bank was 300cr and some part of this is the write-off of essel and ADAG. + +Value research links +[Short term](https://www.valueresearchonline.com/funds/15677/franklin-india-short-term-income-plan-direct-plan/) +[Ultra short](https://www.valueresearchonline.com/funds/6489/franklin-india-ultra-short-bond-fund-super-institutional-plan?utm_source=direct-click&utm_medium=funds&utm_term=&utm_content=Franklin+Ultra+Short+Bond+Reg&utm_campaign=vro-search) + +Monthly portfolio +[ISIN Report - March 2020 (Uploaded on 09 April 2020)](https://www.franklintempletonindia.com/downloadsServlet/xls/isin-report-march-2020-uploaded-on-09-april-2020-k8lf6n0e) +This just seems so much higher than I anticipated. Almost $7000 for a $113k loan. 😳😑🤬 + +Here’s a link to a screenshot of the CLOSING statement, after we’ve already gone back and forth. + +https://imgur.com/gallery/1kIQRuk + +What can I do about this?? Do I have to walk away? It’s been about 6weeks of back and forth. So frustrating. +I can't remember where I saw it but today I saw quite a highly upvoted comment saying someone was going back into the office because heating their home was too expensive. This didn't sound right to me so i used my WFH expenses to guesstimate how much a day costs me so + +My Electricity supply: 20.5p kw/h + +Having a 1kw heater on for \~1.5 hrs/day (enough to keep the room I'm in warm, the heating is off in the rest of the flat) and standard WFH setup + +* Heater 1.5 kWhrs/day = \~30p +* Monitor (\~80W/hr guess) for 8hrs = \~13p +* Laptop (\~60W/hr) for 8hrs = \~10p +* Kettle (3 kw/h) + negligible expenses (lights, microwave) = \~5p + +Total = \~58p + +Then deducting the government discount roughly £1.20/week means \~24p/working day + +**Means it costs (me) about \~ 30-40p a day to WFH**. I suppose you could add on the 40-50p of snacks you might eat to this total that might be supplied by an office but I'm ignoring this. If you live in a less well insulated house or like a hot house you might double or treble this but even still its going to be around £1-2/day + +Compare this to cost of literally any form of transport - car, public transport etc. and a daily commute would wipe this out even if you're only going a couple of miles. + +So unless you walk/cycle to work *never* are tempted to buy food, a coffee or snacks while out keep working from home, don't worry about the energy costs. + +Or just do whatever you find easiest idk + +Anyway rant over + +Edit: so common threads in what I've missed here from the comments of why you might disagree + +Poorly insulated housing -> can push heating up to £5/day which makes it less clear which is cheaper. + +I already pay for my car the only cost is petrol and my office is nearby + +I buy lots of food which is provided for free by the office + +All good points - as I ended the original post with do whatever works best for you with WFH but I've noticed people thinking WFH is more expensive than it actually is +After many years of saving and investing, I finally hit my "RentFire" number: the number where, if I convert my 401k to cash, taking a 30% penalty, I can pay my current rent + utilities indefinitely ($2400/month) plus food and expenses ($400/month) off a 3.5% annual investment return. Total liquidated assets are 940K (1.1M without taking penalty and including physical assets, car, etc.). Thanks to this sub I've been able to prioritize it, and I have a deep sense of relief, even though I plan to keep working for some time, to hit 4M by age 45. I can't tell you how good it feels to have this as a backup option; I think it'll give me a newfound independence at work as well where I am not beholden to my employer. AMA. +So this is probably a dumb question or one I'm not thinking about correctly, but I've always wondered why I should contribute to a Roth over Traditional IRA or 401k if my income now (I'm 26 and make 70k salary and contribute to a Roth IRA and Roth 401k) is larger than when I retire and have zero income because I'm retired? What am I missing? Thanks for enlightening me. +Complete virgin investor in my early 30s. Really needing to start saving for retirement (late start I know). I've given up on home ownership so i've got about 20k that I'd like to just put in the markets and let sit for the foreseeable future while I drip a couple hundred bux into it every month. I've got TFSA room as I've barely used it so far. ETFs seem the way to go and from other advice and the vanguard questionaire it seems VGRO is a good safe long term option; but, I can't deny the performance of VFV is enticing. Obvioulsy past performance/future outcomes etc etc, but is it normal or wise to trade both? Or should I keep it simple and safe. I know they're already a diverse option, just is too much diversity a bad thing haha. + +I'd like to be as hands off as possible as investing stresses me out. +I'm just mentioning it here be aware that usually stocks move alot (in either direction, paradox hurt me last month uff) after their earning calls so now is a good time to make sure you know what you're doing and this stock has been mentioned alot by people here. + +There's nothing wrong with reducing your position if you're afraid of the risk or do the opposite if you're confident, just please don't risk anything that you can't afford to lose either way. +With Kumar Birla saying that Vodafone will close down if they aren’t given monetary relief, this is effectively an ultimatum to the government. Would The government allow them to collapse? It would be be a blow to Sitharaman and India’s reputation with foreign investors. +I'm 28 and earn $550k/yr before bonus, equity, etc. Until now I've just been saving and making small investments here and there, thinking I definitely have plenty of time left as a high income salaried employee to make my way to a comfortable FIRE. + +Now I'm not too sure. Diagnosis isn't a death sentence, but it does significantly increase the likelihood of me dropping dead out of nowhere. I can still work, though I do have decreased energy so I'm not optimistic about further significant career growth. Maybe that will change with medication. + +Unfortunately because I don't have any kids or a mortgage I've never bothered to buy much life insurance. I have ~$2M altogether. + +So, for now, I'm wondering how to best utilize my current high w2 income, which is viewed very favorably by banks and other lenders. + +I don't have a wife or kids - but I do have a widowed mother and 2 younger sisters I take care of as much as possible. Because my mother has expressed interest in owning and operating her own business in the past, I think a possible best case scenario (relative) could be I use my current income to help secure a SBA loan to purchase an income producing business my mom and perhaps a sister can be involved in, use income to help pay down loan as quickly as possible to get to a maximal cash flow situation. My mother is very social and a strong people person with good standing among her very wealthy tennis crowd, so I think she could do quite well with a business that relies on relationship building. Some sort of B2B for example - perhaps property management? Then, if anything does happen to me, I'm not dooming my mother to the poor house and my youngest sister can finish college and I can be confident at least that their needs will be taken care of. + +What do y'all think? Doomed to failure? My mom has a friend whose husband purchased a few storage unit facilities when he got a bad diagnosis and those continue to pay her bills quite well after his death - though the REI ship has probably long sailed. +Previously, they avoided any contact with all their members during the pandemic and continue to charge membership dues even while their gyms are closed. Now you can cancel online: https://www.24hourfitness.com/membership/cancel/ +What are the advantages of getting full MLS access if investors can already search for properties on the MLS website (no login required) and Zillow? My understanding is that Zillow pulls data from the MLS. I'm guessing there are more advanced tools and search options for finding prosperities? I'm not interested in listing any properties at this time. +Immutable X is a layer 2 system for building and transferring NFTs cheap and quickly. Without layer 2, building and transferring NFTs is like the state of Texas trying to process mail with 5 post offices in the entire state. **Layer 2 is necessary.** + +The way assets move between marketplaces and blockchains is by securing them with **encryption**. + +[Quantum computers can brute force attack modern encryption schemes with its raw processing power](https://www.nature.com/articles/d41586-022-00339-5) \- allowing it to attempt many more passwords or keys than a conventional computer due to its processing units being able to exist in a state of *superposition -* allowing the CPU to test many solutions at once. + +Every computer system is vulnerable to these types of attacks - [and they could be widespread as soon as 5 years.](https://www.verdict.co.uk/todays-encryption-crackable-by-quantum-computing-in-five-years-73-of-cybersecurity-pros-say/) Banks, governments, crypto - everything. + +**Except Immutable X.** + +Enter [Starkware](https://starkware.co/stark/). Starkware is a company Immutable X has worked with to build it's secure encryption scheme *(zero knowledge proofs, zkSTARKS)* that will be used for verifying data for its marketplace. + +That encryption scheme will be the first ever **quantum-resistant encryption scheme** used for ~~transaction data and financial data.~~ a large-scale, multi-asset marketplace. + +[The NSA has been working on a quantum computer for breaking encryption since at least 2014.](https://www.cnet.com/tech/services-and-software/nsa-working-on-quantum-computer-to-break-any-encryption/) Other countries and companies have been doing the same. Multiple technology standard committees in the US have declared the need for quantum-resistant encryption since at least 2015. + +Technology like the type that Gamestop will be utilizing in its NFT marketplace is the type of technology the US needs to stay protected and relevant in the *very near future*. + +There are likely many, many more things happening behind the scenes than people realize. In Gamestop, there's a lot more at stake than just it's investors money. **The US has a deep economic and strategic need to see Gamestop succeed.** + +Let that sink in. +Hello. My parents are kicking me out of the house since their legal duties are fulfilled and I was hoping you guys could help me figure out what I should do. + +I don't have much in the way of savings and am currently looking for a job with very little luck so far, i already visited an employment agency and i was told there wasn't much they could do for me with my level of education. They also suggested moving out of the country but i have no money and the idea terrifies me. I don't have a car, I've used public transportation my whole life. I don't have any other relatives besides an aunt but she won't return my calls. I live in Portugal. + +Sorry if I didn't provide much information but I don't know what to think, do or say right now. + +Edit: Small update, I've already started getting my documents in order just as people advised me. + +I also checked about the RSI which is apparently a value i'm entitled to from the state but it seems by father has been requesting this on my behalf for a while now (i had no idea), they found out and now i'm blacklisted. I couldn't make this shit up if i tried. + +I also went to the employment center and there seem to be some paid courses that might help somewhat? They don't seem to pay much but it's something. + +Thanks for all the advice, it helps to know i got people looking out for me. +---99.9th percentile of wealth is around $43,207,732+ + +—-99.5th percentile of wealth is $17,557,208+ + +—-99th percentile of wealth is $11,099,616+ + +—-90th percentile of wealth is $1,219,126+ + +—-and 50th percentile of wealth is $121,411+. + +This is estimated net worth for US households in 2020. + +https://dqydj.com/average-median-top-net-worth-percentiles/ + +My initial thought on this: It’s surprising to me, and sobering too, that half the households in the US have a net worth of less than $121K. + +Edit: Oops; can't edit title. It's for 2020, not 2021. +&#x200B; + +Morning traders, Easter almost here, so, expect not much from the market... + +&#x200B; + +EURUSD looks good for a ride back to 1.16.... + +XAUUSD also has a double bottom on daily, with the strong USD and rising of bond yields does not help gold.... If Gold will go down even + +&#x200B; + +more around $1600, i will be shopping heavily... + +&#x200B; + +The US dollar index climbed above 93 , USDJPY through the 110.00 level and USDCAD above 1.26 area with price now at the daily 50 , if + +&#x200B; + +breaks above we could see a good really up for the dollar. + +US major indexes continued their selloff yesterday. Russell 2000 added 1.72%. Biden’s ambitious infrastructure spending plan is closely + +&#x200B; + +eyed today, which is expected to be partly funded by tax hike. German DAX hitting another fresh high..... + +&#x200B; + +Gold tumbled for a second straight session and touched $1,684.84, the lowest in three weeks. forming a double bottom whilst WTI crude + +&#x200B; + +down to $60.37 as the US crude stockpile rose by 3.91 million barrels last week. + +Bitcoin was steady above $58,000.....Where is Elon Musk? + +&#x200B; + +EURUSD slumped to a four-month low around 1.1715 despite the upbeat economic data. Slow vaccine rollout and third wave of Covid + +&#x200B; + +continued to weigh on the drop down the currency. If breaks the 1.17 then it will take nothing to touch the 1.16 level. + +GBPUSD ended lower at 1.3739. The sterling doing what it does best...it's own thing + +AUDUSD closed at 0.7595 with the strong USD the Aussie can suffer some serious losses...Brisbane it's in lockdown. Queensland awaits + +&#x200B; + +lockdown call on what's gonna happen after these three days. + +NZDUSD down to 0.6983. + +&#x200B; + +News today: + +EUR/GER + +Unemployment Change + +Consumer Price Index - Core (YoY) + +Consumer Price Index (YoY) + +USD + +ADP Employment Change + +Chicago Purchasing Managers' Index + +EIA Crude Oil Stocks Change + +CAD + +Gross Domestic Product (MoM) + +&#x200B; + +Trade safe, stay safe + +&#x200B; + +https://preview.redd.it/8qwmyi43mbq61.png?width=1719&format=png&auto=webp&s=6a6eaa83e6f04d879e30a15e80b62270b492de2e +Been looking into Facebook lately. It’s getting really cheap at a < 20 forward PE. Does anyone think that is is a stock that’s always going to stay at a lower multiple because of antitrust and government / FTC always being on them. I personally don’t think so but I want to hear other thoughts. +Was checking my account today to see the remainder of my balance was completely paid off and it was not me. The amount was less than $10,000 remaining and it was completely paid off last month. Got a notification saying my credit went up nearly 60 points. + +Should I be concerned? This could be an error that has turned my financial life on its head. + + +edit: 3:48pm Est Talking on the line now. The automated system has told me my account is paid in full. +Still on the line trying to speak to a human being. Will update. + +(The hold song is whatcha say by jason derulo. This isn't looking good) + + +Final Edit: Loan was sold, the dream is dead, and I'll be going back to PB&J sandwiches. Goodnight boys and girls + +Short thank you to everyone that directed me to the correct locations. I have found the new loaner and established a payment agreement. +For context, I’m disabled and unable to work. I get roughly $650 a month in disability. I spend a lot of time worrying about it. I feel that every penny I have needs to be saved. It’s gotten out of hand for me. Even my extremely financially conservative family is saying I’m too extreme, but I just can’t stop. I constantly feel like I’m not saving enough. I don’t really know what to do. I guess this is a half vent but I’d be curious to hear others situations. Also, I’m 23 so keep that in context. Thank you +I'm 25 years old with 80k in stocks. Spread out between growth and dividends stocks. Plan to put at least 1k-2k a month in till retirement +Everything you read says at my age you should be in growth stocks but I have a weird obsession with dividends. +My question is in 30-40 years am I going to regret not going into growth only stocks? Or do dividends compound enough to make me rich as well?... +It seems like market is way overpriced and getting into bidding wars with other investors. Also, there’s not much inventory, at least in my area. I’m just waiting for more inventory to be listed so I have something to buy! +If you read the GDAX update, you know you're not getting your money back. This is for those with their stomach dropping as they realize that so much of their principle and gains (if not all) is now gone: take the day off from work; call in sick and grab a drink. Vent to a friend. + +I remember that stomach-drop feeling after I sold my 2k ICO ETH for less than a dollar about two weeks before it began its climb to $6 (I had no more fiat reserves to buy back in). I remember that feeling after I traded my hard-earned 750 eth (regained over a year after I sold the 2k) for ICN to make a 'quick return' about a week before it climbed to $30...then $50...then you know the rest. I remember that feeling from about 3 weeks ago when I accidentally sent about 100 ETH to a bad address. + +But life goes on. It's not over. Crypto is still a baby. Ya know one time in head-to-head poker I was down over 90% of my stack--the other guy thought he had it in the bag and then I came back and won. Ya know how? Patience. Waiting for the right moments to go all-in. + +I am thoroughly convinced that you can take a small sum of money today: a thousand dollars or less, do your due diligence in upcoming projects like Cosmos, Polkadot, Tezos, and others for ETH-like future returns. There will be **so many** more opportunities to ride the wave up. Buy it and forget it; don't try to trade it and you will be pleasantly surprised in a couple years. I guarantee it. That 2k ICO ETH I told you about a few paragraphs above cost me $550.00. + +There will be more black swan events that cost the entire ETH market 70%+ of its price tag. There will be more coins and tokens that trade for $0.20 today or at ICO which will go up thousands of percent in the future. + +Good things are ahead. You didn't miss out yet. Take a break and take a breath. Then start over. Good luck. + + + +You magnificent man! His granny was totally jamming out to the song + +# "You Really Got A Hold On Me" - Smokey Robinson & The Miracles + +Lyrics + +\-----> I don't like you, but I love you +Seems that I'm always thinking of you +Oh, oh, oh, you treat me badly +I love you madly, you really got a HOLD on me +You really got a HOLD on me, +you really got a HOLD on me, +you really got a HOLD , baby +I don't want you, but I need you +Don't want to kiss you, but I need you +Oh, oh, oh, you do me wrong now +My love is strong now you really got a HOLD on me +You really got a hold on me, +you really got a hold on me, +you really got a hold, baby +I love you and all I want you to do is just hold me +HOLD me, HOLD me, HOLD me + + +Tighter +Tighter +I want to leave you, don't want to stay here +Don't want to spend another day here +Oh, oh, oh, I want to split now, I can't quit now +You really got a hold on me, you really got a hold on me, you really got a hold, baby +I love you and all I want you to do is just hold me, please +\-----> Hold me, SQUEEZE, HOLD me, HOLD me +\-----> You really got a HOLD on me +\-----> You really got a HOLD on me +\-----> I said you really got a HOLD on me + +SQUEEZE!?!? HODL!?!?!? SAY NO MORE!!!! + +GME TO THE MOON!!!! 🚀🚀🌑 💎💎💎👐👐👐KEEP HOLDING APES! WE ARE SO CLOSE!!! +I see a lot of denial from people in this sub about the issue of being stealth with your wealth. I think it's not a realistic position if you want to maintain relationships with people you grew up with if you're from a low income background. + +I'm from a very low income background (daughter of migrant farm workers) as is my husband. We each come from families where we each have 30+ cousins and are very close with our extended families. My husband salary is quite obviously high, as he is a nurse in a top hospital. I'm in a job position that many people are familiar with but don't actually know can earn quite a bit of money, so I'm able to hide my salary more. + +So, if you come from a very tight knit community, how do you deal with the wealth gap? Do you encounter a lot of guilt when your family and friends are suffering? I always wish that I could help everyone, but I also don't want to fall into the trap and become poor again myself. My husband and I both agreed that we would pay off our parents mortgages. This then helps our siblings too, because if anyone is ever struggling or homeless, they have a place to stay without a steep mortgage. + +But then I have my friends. The community I was raised in had very strict values, similar to the "snitches get stitches" mentality, where you shouldn't be doing well if you're friends are struggling. How do you deal with this type of guilt? I'm a woman of color btw, so this mentality has saved my own family many times and I feel bad turning my back on it +Hello everyone. I have a somewhat unique situation coming in 2020. The parents of my deceased wife live in my former property. I only own the one property. I live in a rental and have subsequently re-married. My spouse owns no property. We have no plans to purchase another property. + +Is it possible for my in-laws to gift me monies up to the $15,000 dollar limit order rather than report the money as income on my 2020 tax, a.k.a rental income? We plan to use the standard deduction for married couples when we file in 2020. Our itemized deductions would not approach the standard deduction hence the reason I would prefer to report the monies as a gift. + +I attempted to research the rules governing this scenario, but tax law was never my forte. I am also unsure of the implications from a rental perspective. They have signed a rental agreement if that matters. Thanks in advance for the help. +Last week I started watching the AMA with Lucy and after about 30 minutes, I couldn't handle the chat any longer. It was toxic and hard to swallow after all the hard work and DD that the mod team has put in to this sub. + +That being said, after dealing with all of that bullshit last week, Pink came to today's AMA like an absolute rockstar. After dealing with shitty and ungrateful people, she dealt with today's technical difficulties AND managed to handle the guest disconnecting early due to tech issues with going over what they had previously discussed. + +The BIG thing here. After dealing with all the assholes and shills that U/luridess had to deal with, Pink came on and had her cam on. Fellow apes and apettes should not feel concerned to show their faces within the community. Pink killed it today, regardless of circumstances, and I think we need to remember who our allies are vs our foes. + +Thank you r/Superstonk and the whole mod team for everything you've done to keep this community informed and up to date on this significant moment in history! + +💎💎💎🦍🦍🦍🍌🍌🍌🚀🚀🚀 + +EDIT: Pay it forward. + +EDIT 2: I honestly did not anticipate this getting to even 1K+, let alone 3k+. Thank you to all who have commented, upvoted, or awarded. This post was simply meant to bring attention to the hard work and dedication the mod team has put towards our community. It's been a difficult # of months for all of us, and they have certainly a heavier load than most of us. It's only fair to recognize and appreciate the work/effort they've put in. Stay strong, Stay patient. HOLD. +So I've been selling CCs, mostly weeklies, on GME and using that premium to buy calls during run ups. I've increased my long position from 100 shares to 300 shares since the summer, but I think i could have made more if I timed buying my calls for the run ups better. + +I have noticed earlier in the year when it hit 350, it drops dramatically, and lately when it hits 250, it drops dramatically. So I was thinking if it runs to 230-250 or so again, selling an ITM call, 45 dte 180c. I'm thinking the premium will be about 10k or so after a couple big green dildos and higher IV (any way i can calculate this?) and with a predictable drop afterwards, buy to close at around 80% profit. With that 10k or however much it is per CC, I want to buy a good amount of puts. Probably 180-190p 3-4 weeks out. + +Anyone know if this is a strategy already so I can read up on it? The goal is to keep my shares, so I'll probably only do this with 100 of my shares and I'm okay if they do get called away 18k +5k premium (-5k for puts) would be over a 100% gain for me. I feel like this would be a lot less management than selling weeklies. +I work for the state and my boss threw a huge chunk of his job at me fall 2020 and spring 2021. It’s beyond my current job duties and more suited for an assistant director. Our office has an assistant director position available and it’s sitting vacant. + +How do I approach him about all of this? I just got a 3.8% increase due to merit but my job description hasn’t changed. + +Edit: RIP my inbox. I responded to a ton of people this morning but haven't been able to look at it all day. I'll respond best I can. Thank you everyone for your time and advice. +Forgive me if I am wrong, but isn't this America and isn't this a free market?? Isn't this what Wall Street does on a regular basis? They can short stocks with 140% float and retail can't exploit the opportunity? + +Get out of here... + +[Link to article](https://www.barrons.com/articles/gamestop-trading-could-be-systemically-wrong-massachusetts-state-regulator-says-51611705870) +This is the list I wish I could find when I started out, it would have saved me a lot of money and time. + +**S Tier:** + +[Benjamin Cowen](https://www.youtube.com/channel/UCRvqjQPSeaWn-uEx-w0XOIg): Best at Macro and long term Technical Analysis, Always a calm head in this crazy market, his favorite saying is "what's a few trillions among friends" + +[JRNY Crypto](https://www.youtube.com/channel/UC188KLMYLLGqVJZdYq7mYFw): Best channel for MID cap coins, he consistently made good calls, most coins he shilled went up and stayed up (he doesn't dump on his followers), but even him couldn't help LTC :/ + +[Coin Bureau](https://www.youtube.com/channel/UCqK_GSMbpiV8spgD3ZGloSw): Best educational Crypto channel, if I put him in a lower tier this sub will assassinate me (he is also not a financial advisor as he will let you know in literally every video) + +[InvestAnswers](https://www.youtube.com/c/InvestAnswers/videos): Added by popular demand, he has a deep understanding of Math and the stock market which he tries to translate into the crypto market + +&#x200B; + +**A Tier:** + +[Digital Assets News](https://www.youtube.com/channel/UCJgHxpqfhWEEjYH9cLXqhIQ): Had some great calls, this [*Prediction video*](https://youtu.be/zX8Di-gRHWc) is his best and it's aging like fine wine + +[Bob Loukas](https://www.youtube.com/channel/UC0zGwzu0zzCImC1BwPuWyXQ): The voice of reason in Crypto, he is good at predicting the start and the end of crypto cycles. + +[Finematics](https://www.youtube.com/channel/UCh1ob28ceGdqohUnR7vBACA): If you are in it for the tech this channel is great at making complicated concepts simple. + +[Dave Levine](https://www.youtube.com/channel/UCT4X1qiEPR0gsZYfze6JOyA): If there was such a thing as ETH Maxis association this guy would be the CEO, he is an OG that went through multiple cycles. + +[Crazy4crypto](https://www.youtube.com/channel/UCNHXoNsyoBGVOS0EJarawvw): He was shilling Theta and ZIL before it was cool, he made me a lot of money + +[Lark Davis](https://www.youtube.com/user/larksongbird01): I just watch him because he has cool paintings behind him, but he is good too I guess. + +[Aantonop](https://www.youtube.com/user/aantonop); One of the OGs of crypto, he is a Bitcoin maxi, but his educational content is great. + +**Best Podcasts tier:** [UpOnlytv](https://www.youtube.com/channel/UC_Jt1VYHZO4Kc4cJQP5utdw), [Bankless](https://www.youtube.com/channel/UCAl9Ld79qaZxp9JzEOwd3aA), [Unchained Podcast](https://www.youtube.com/channel/UCWiiMnsnw5Isc2PP1to9nNw), [What Bitcoin Did](https://www.youtube.com/c/WhatBitcoinDidPodcast/videos), [Millennial Money](https://www.youtube.com/channel/UCPi6sb9M-Kj-j-PKptcUNJQ) + +Honorable mentions: [Hashoshi](https://www.youtube.com/channel/UCQNHKsYDGlWefzv9MAaOJGA), [Daap University](https://www.youtube.com/channel/UCY0xL8V6NzzFcwzHCgB8orQ), [Sheldon Evans](https://www.youtube.com/channel/UCZ3fejCy_P5xhv9QF-V6-YA), [Colin Talks](https://www.youtube.com/c/ColinTalksCrypto/videos), [Lorenzo](https://www.youtube.com/channel/UCHQv-nQ2caXVvtTFa8WOJRA), [denome](https://www.youtube.com/channel/UC2IyN5ZpCnMYhCYQELBZczg) + +Suggested by you: [Intrepidgains](https://www.youtube.com/channel/UCFaEaj1eXURt2rwDYJFlWDw), [The Modern Investor](https://www.youtube.com/channel/UC-5HLi3buMzdxjdTdic3Aig), [Tyler S](https://www.youtube.com/channel/UCgBQ6YsN4oUTjbAvIwCFLog), [CryptoRUs](https://www.youtube.com/channel/UCI7M65p3A-D3P4v5qW8POxQ), [Satoshi Stacker](https://www.youtube.com/channel/UCGDjpwZV-bU-sLSnhInCfKQ), [Andrei jikh](https://www.youtube.com/channel/UCGy7SkBjcIAgTiwkXEtPnYg), [Altcoin Daily](https://www.youtube.com/channel/UCbLhGKVY-bJPcawebgtNfbw), [EllioTrades](https://www.youtube.com/channel/UCMtJYS0PrtiUwlk6zjGDEMA), [Aantonop](https://www.youtube.com/user/aantonop), [Crypto Daily](https://www.youtube.com/c/CryptoDaily/videos), [cryptokirby](https://www.youtube.com/channel/UCOaew10hdmtfa0MinTjOBqg), [Cryptotwins](https://www.youtube.com/channel/UCCLDnGJsFZ5HhX_nND00XNQ), [Nuggets news](https://www.youtube.com/user/australiaalex), [Louis Thomas](https://www.youtube.com/channel/UCpceefaJ9vs4RYUTsO9Y3FA), [Crypto Casey](https://www.youtube.com/c/CryptoCasey), [Conquer the markets](https://www.youtube.com/c/ConquerTrading/videos), [99Bitcoins](https://youtube.com/c/Bitcoinwithpaypal), [CryptoBusy](https://www.youtube.com/channel/UCBLftV9ZsgTxoMZWPfIUKGw/videos), [Token Metrics](https://www.youtube.com/c/TokenMetrics/videos), [Data Dash](https://www.youtube.com/channel/UCCatR7nWbYrkVXdxXb4cGXw) + +&#x200B; + +**Popular Channels to Avoid Tier:** + +[~~Ivan on Tech~~](https://youtube.com/c/IvanonTech) The guy who brought us "[Respect da pump](https://youtu.be/4TlaEZt6YmQ)": meme, but his content is terrible + +[~~BitBoyCrypto~~](https://youtube.com/channel/UCjemQfjaXAzA-95RKoy9n_g): It's rumored that he dumps his coins on his followers, he promotes risky leverage and his channel content is average at best. + +[~~MMCrypto~~](https://youtube.com/c/MMCryptoTube): Same as Bitboy, just empty sensationalism to lure new comers to click on his Bybit affiliate links. + +[~~The Moon~~](https://youtube.com/c/TheMoonCarl): His favorite phrase is "Exaaqctly as predicted" He buys fake comments to pretend they are making money with his calls so can get more Bybit referrals + +&#x200B; + +**C, D, E, F, Z Tiers / Red Flags** + +As a general rule if someone makes stupid faces in the thumbnails, 100x claims, promotes leveraged trading or Bybit links, you should stay away from him + +**Disclaimers:** + +DO NOT take any Youtuber's words as gospel, Do your own research, but those are a good start. + +If your favorite Youtuber isn't here doesn't mean I hate them, you can add them in the comments + +This is really blew up, thanks everyone for their contribution to this list +This is a Masterclass in seizing the moment, and here’s why: + +This is a speculative based approach to business psychology in a unique and evolving market that is rooted in logic stemming from a few decades long subjective experience. TL;DR for this paragraph - This ape thinks this makes sense based on logic and experience. + +First, they wait for earnings, so they can publicly state in their earnings docs that they see what is going on with their stock, and the price of the stock. This is important for two main reasons: + +1) They are publicly stating that their stock has severely high SI - or at the very least, considerably high SI. + - there was a great DD by u/BeanDaddyMac soon after that analyzed the language used which can be found [here](https://www.reddit.com/r/wallstreetbets/comments/mbtpwa/with_regard_to_the_theyre_just_defining_a_short/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) and found that the terms ‘short squeeze’ and other terms of like kind and quality were used in less than 1% of all earnings statements in at least the past five years. Bullish. And also sets them up to revise their plans to sell stock, as we saw by their statement on 4/5. + (Edit: big thanks to u/Old-Lawfulness-8923 for finding the DD) + +2) They are communicating to a rabid, loyal, and large fan base that they are aware how important this short squeeze is for them. + -Think about it, if you’re in the driver’s seat of a business with a well known name, and that business happens to be video games and accessories, and you have hundreds of thousands - if not millions of people all over the world who are challenging a corrupt financial system, but are potentially going to be very rich, and a large majority of them are gamers themselves - why would you not stoke and caress that flame tactfully, subtly, and effectively, to ensure that loyalty for A LIFETIME BASE OF PATRONAGE AND FREE ADVERTISING. + Yes. Lifetime. Apes, if rewarded, will absolutely damn near guarantee that GameStop will prosper for decades. They know this. And they are gingerly communicating that, and with all these wrinkle brains and peer based review and communication, they knew the people of this sub would catch on. It’s possible that they have wrinkle brains that rival or exceed the ones who have written such amazing DD here. + +Look at the T-Shirts GameStop is selling. Subtle ways to tell the diamond handed apes “we are thinking about you” but also in a way that would not be manipulation. GameStop is LONG ON THEIR OWN COMPANY, what better way to do it by seizing this amazing and fortuitous situation they’ve found themselves in? Not only are apes buying T shirts, but they’re profiting off sending a cryptic message + +It is a certainty that they are following these Reddit posts as much as the most fervent ape refreshing every second for DD. Why wouldn’t they? It’s an easy way to get an insight into their image so they can stay ahead of the curve. Ryan Cohen and his team are responding to apes on Twitter by liking comments. Even their social media posts have caused us to don the tin foiliest of hats to decipher hidden messages. The more GameStop reaches the front page, the more free ads they get. Who cares about the boomers that watch CNBC, who are silent during good news and hyenas during bad news? They’re typically not the customer base of GameStop. + +The news today revised something that was already in place - which the numbers point to being very bullish as well. Instead of 6+ million shares, they reduced it to 3.5 M. Instead of raising 100 M, they’re now at a billion. Simple math, fewer shares, more money = do I even have to explain? AND they can do this at their leisure - even during a squeeze, and can do it in small batches whenever they choose. Knowing that they’re looking out for us Apes, we Gucci when it comes to this share offering. + +They’ve had to walk a tightrope, as news hits on rule changes from the very system in charge of their manipulated stock price. They’ve had to overcome potential plants within their own board of directors. They’ve had to watch their company be front in center of congressional hearings with ramifications that span far greater than just the video game industry, all while taking a company that less than a year ago was on the verge of bankruptcy with a stock that traded at less than four dollars per share. + +What GameStop is doing is taking these series of moments, and under the direction of some incredible, customer focused, business minds, are tip toeing on the blade of a knife from the throws of bankruptcy, through a fraudulent manipulation of the valuation of their company, appeasing millions of loyal followers who are the infantry in a war in which the scope is far greater than their industry and business operations, and transitioning into becoming a power house in a rapidly growing e-commerce world and ever growing video game market. + +Do you hear that? It’s the sound of angels weeping as the simulation is rising in crescendo. For all we know, GameStop could be responsible for where the simulation truly started. After all, with lifetime loyal customers and insane potential, how logical would it be if a company based in video games was responsible for cracking the code in twenty, fifty, or a hundred years? Who knows how far GameStop will grow, because last I checked, Amazon started as a book company, right? Look at them now. + +Edit 2 - some wording, and I appreciate the sentiment in regards to this post as much as I appreciate this amazing community. Buy and HODL, none of this is financial advice. + +🚀 💎 🙌 🦍 +Title says it all. Assume all retirement options are already maxed out. Don't plan on buying a home for at least 2 years. + +&#x200B; + +edit: No debt and already have >6 months expenses saved. The source of money is generated from the business i own rather than an inheritance. +I've humbly hit fatfire territory. Thanks to work and moving, I'm in my early 30s, my social circle is close to naught, and my relationship of 4 years recently ended. I've only lived a middle class life so this is all new to me. + +Are galas or artshows useful? Do people actually meet there? Is that all there is? + +Annual budget is ~200k. +Hey there, + +I'm currently invested in PPLTE and wondering why other Indian funds do not diversify by investing a portion of the stocks in foreign equities? + +Are there any funds from popular AMCs, which are similar to PPLTE? +How long do you guys keep your phone for? + +I want to get out of debt completely, I was just wondering if it was worth buying phones outright now and get a sim only contract. + +I love having the most up to dates phone but I was thinking if I get the best iPhone at the time like a iPhone Pro max and keeping it 3 years maybe it will hold out for that time? + +Is it any financial benefit to buying a phone out right? +This is both a rant and a request for advice. I also appreciate this sits in the realm of a first world problem. + +Came from a fairly normal background, went to a reasonably good school. Parents had money and a modest home but I don't come from a rich or wealthy family. Worked hard after uni. I'm now 32, no debts with a salary of 100k with a career London (and I really enjoy my job for what it's worth). Great, I'd never thought I'd see this salary in my life and I'm so fortunate to be able to afford my rent, bills and luxuries without much thought. And I have a good quality of life which I am thankful for. + +While I have no debts, I have no assets. Trying to buy a half decent home in London on a single salary of 100k is insane. Was speaking to a mortgage broker and he literally said my salary was really low to be buying myself... can't even comprehend being on 6 figures and told you're salary is too shit for home ownership. + +It is infuriating on one hand to be in the top % of earners and on the other hand feel like I'm "London poor" and can't even afford a home. + +My friends in the north literally make less than half than I do but enjoy lovely homes with a garden. And it makes me think, what the fuck was all that graft for? + +My job is very London based otherwise I'd just move away. For what it is worth I have around 42k cash, plus 25k in S&S All Cap, and 8k in a LISA. Could maybe borrow like 10k from my family but not in the privileged position to have my parents gift me a huge deposit etc. + +Not sure what to do and feeling a bit deflated. Look at shared ownership or maybe the government equity for new homes? Or change career and leave? Marry someone rich? +Has anyone ever actually made money long term in this subreddit? Using statistics, and not 1min data? + +I’m saying this because I’ve been coding for about a year now and I think I’m beginning to find edge, but im questioning how many people actually get edge, and then actually make money off of it. + +Personal experiences appreciated +Apes, + +As they like to say in the business: No news is good news. Today I bring you not a single ounce of news regarding these deep in the money calls. Not even so much as a peep out of the HF's buying these calls. + +[GME Biggest Trades 4-6-2021](https://preview.redd.it/x16uy6s07or61.jpg?width=1224&format=pjpg&auto=webp&s=8b0018a3c5e3f9eca0e5a23349c5d271419169bb) + +This officially rules out the idea that yesterday was just some crazy coincidence. The time of covering FTD's with Deep ITM calls has come to an end. Lady Apes and GMEtlemen I can feel that the end is near. There is daylight and bananas at the end of the tunnel. Diamond hands hold strong. See you tomorrow. Dan\_Bren out + +Link to yesterday's post: [https://www.reddit.com/r/Superstonk/comments/ml2q0p/hedgies\_did\_not\_buy\_deep\_inthemoney\_calls\_today/](https://www.reddit.com/r/Superstonk/comments/ml2q0p/hedgies_did_not_buy_deep_inthemoney_calls_today/) +As I’m 5-8 years away, I’ve recently pulled back on equity stocks and ETF. Given how volatile the markets are, and the geopolitical state of the world, I’m trying to preserve my capital. + +With interest rates moving upwards, GICs are looking more attractive. Yes, inflation but at this point, it’s about lowering risks. + +That said, are there extremely low risk ETFs with a better return? +As background, I am a renter in a HCOL city. I’ve never owned a property and I am looking to purchase an investment property under an LLC. The site is a 10-unit apartment building in another state. + +My question is: if I purchase an investment property using an LLC that I established, as the sole member. Will this disqualify me in the future from first time home buyers incentives, such as FHA loans, down payment assistance programs, and other grants for first time home owners? + +Is paying cash vs. receiving a business loan a factor? + +Are there benefits to buying as an individual or LLC while growing/starting your portfolio? + +Edit: in the next five years, I would like to purchase an investment property (owner-occupied) in my HCOL area, but not feasible until I increase my net worth. I fear purchasing an investment property first would negatively impact my eligibility for these programs. +I have spinal stenosis in which their is no cure for. I just turned 27 and am already in pain 24/7. The neuro expects that I will be disabled in 10+ years (could be even less)! I need financial advice on what to do now. I never even considered disability as a part of my future. + +&#x200B; + +***Stats:*** + +**Debt:** $0 + +**Work 401k (matches 6% and I put 11% in):** 45k so far :) + +**Roth:** 2k + +**Savings:** 3k + +**Rent, Utilities, etc:** 300 / mo. Live with my partner who covers the bulk of it + +**Groceries, video games, and other random stuff:** 300 / mo + +**Monthly Income w/ Taxes taken out:** $1700 USD month + +&#x200B; + +What should I do now to prepare for my future? I know I live with my partner now but in the event he cannot work or I cannot work I'd like to "future proof" myself so I'm not disabled AND homeless. Thanks for taking the time to read this. +Hey guys you have really helped with a decision I made that will help me max out my investments I make! I received around 70k from a bad car accident I was in and immediately went to a financial advisor that works with my bank. My dumb 21 year old self though I was doing a good thing so I got signed up for cetera brokerage and didn’t find out until after that the fee there is 1.5%! So I finally made the decision and am moving everything over to Fidelity and investing in a target date fund or S&P fund. So basically thanks and don’t use cetera! +[YTD Performance Chart](https://i.imgur.com/Qetdo5W.png) \- Note there's a $50k deposit in March + +**Long Post Warning (TLDR at the bottom)** + +* I never post so allow me this one big one lol. This is really to get all my thoughts down in one central location for myself and others to reference. + +**Account Details (as of EOD 12/17/20)** + +* Portfolio Margin (PM) account w/ TOS +* $590k cash (100% cash - see strategy below) +* $561k net liq. +* 0.3% delta beta-weighted to SPY +* 0.3% theta +* $13k commissions and fees YTD ($0.4/contract) + +**The Game Plan** + +* **Strategy #1 - SPY HTS** + * ***EDIT (January 2021):*** *Switched back to long SPY shares instead of SPY HTS. I'm skeptical HTS would beat buy/hold in the long run and I'm too lazy to find out lol. HTS also requires some timing of the market which is against my religion. Currently sitting at 70% of net liq in long SPY shares. I will probably aim to keep this around 75% in case of any early assignment. Perhaps even more if I get less aggressive and/or more passive with my theta account.* + * **Background**: I used to be 100% long SPY and use the collateral (85% of SPY net liq. with PM) towards option BP. But several months ago, I went 100% cash and have been using the Hold-The-Strike (HTS) methodology instead. + * **The Trade**: Write SPY CSP ATM (contracts determined by cash amount). + * **Management**: If SPY goes down as your expiration approaches, you roll to the same strike. If SPY goes up, you roll up to a strike ATM (still tinkering with when to roll up and what DTE). + * **Notes**: Will this beat buy/hold while also factoring in loss of dividends and taxes on STCG? Time will tell! +* **Strategy #2 - Weekly SPX Strangles** + * **Background**: I stumbled upon [ERN](https://earlyretirementnow.com/2016/09/28/passive-income-through-option-writing-part1/) several years ago who got me started on this type of mechanical, emotionless strategy. Of course I've customized it a bit to my own style. + * **The Trade**: Every Wednesday, write an SPX strangle 45 DTE. Number of contracts and delta are determined by desired yield and account size. My target return is 12%/year with these. This is currently putting me at 1 contract around 5 delta. + * **Management**: For the short puts, I will roll up if >21 DTE and >50% profit to original delta. I will close for a loss if <-300%. For the short calls, I will close for a loss if <-500%. If these are getting tested near expiration, I will close for whatever gain/loss at the time to avoid gamma risk. Otherwise, I will let them expire worthless. + * **Notes**: [Spintwig](https://spintwig.com/spy-short-call-strategy-performance/) has taught us that SPY 45 DTE short calls are not profitable. The 5 delta are almost breakeven. But I'm willing to live with that as this adds a little negative delta to my otherwise super positive portfolio delta. +* **Strategy #3 - Short Puts on (mainly) Blue Chips** + * **Background**: This is just your basic CSP stuff here except naked (cash secured is not capital efficient and cannot beat buy/hold IMO). I try to diversify amidst all the major sectors. And yes I'll do a "meme" here and there 😉 + * **The Trade**: Write 45 DTE, 20 delta short puts. Size the number of contracts to use no more than 1% BPR. + * **Management**: Pretty standard TW exit/rolling techniques here. Will look to start taking profits around 50%+ if the DTE trade-off is worth it. I'll also take profits if it's 30%+ in a few days and/or earnings are coming up. If ITM and decent extrinsic value left, I will wait to roll until expiration day upon which I will roll to the next monthly for a credit choosing a strike based upon my sentiment. If it's deep ITM, I will look for a high IV day to roll. Of course I'll only roll if I'm still bullish on the underlying. + * **Notes**: The 1% position sizing is important. If 1 position goes bad (and it will), my whole portfolio isn't stuck in the mud. I also used to add short calls as defense (5-10 delta) when my short puts went -100% but I rarely do this anymore due to whipsaw. Also regarding earnings, as long as the ER isn't within 2 weeks, I don't care. +* **Strategy #4 - Weekly Naked Lottos (Don't Do This!)** + * ***EDIT (February 2021):*** *I am no longer doing these due to risk/anxiety/time. I might only re-visit these on solid blue chips that I already have short puts on, high-IV runners that I will close same day, and 0DTE on expiration Fridays so I don't have lose sleep thinking of nightmare blow-up scenarios lol. I've probably made net +$50k or so on these since starting the experiment last summer. It's been a wild run but I need to de-stress!* + * **Background**: I love pennies. I hate steamrollers. I almost didn’t post this strategy but it’s amazing entertainment/pain/stress and I get asked about it a lot. Also it’s become a major portion of my gains as I’ve honed in on the mechanics and fully dived in after getting as comfortable as I can. Still, don't this - the tail risk can be blowup-worthy heh. + * **The Trade**: Use TOS Option Hacker for <5DTE, >120% **options** IV, <5 delta, >0.03 bid, no earnings, and exclude things from my "too risky" watch-list (TSLA, Biotech, EV, IPOs, cruise lines, airlines, pot/solar/vaccine stocks, etc.). After that, make sure no upcoming binary events or rumors. Do some basic TA with my stupid eyeballs. Analyze desired position by stressing up/down to strike and make sure BPR will not put me in a margin call (**this part is important and what determines the max # of contracts I will write**). Send order near the ask and see if MM is sexy enough to grant me more than I deserve. Walk down to minimum desired bid until filled. Depending on account size, underlying price, and underlying EPR, these positions usually range between 50 and 100 contracts for a total premium between $100 and $500. But I wouldn’t dare put target returns for this; some weeks I get less than $1k, other weeks I get $4k. + * ***EDIT (January 2021)****: New criteria -> Avoid anything with short interest > 10%. Lessons learned from 1/25 $5k losses on BYND/RKT. Luckily avoided additional short squeeze madness on GME/IRBT/etc.* + * **Management**: I set alerts at -$1k for these positions. If that hits, I'll either close for the $1k loss, balance delta by buying/shorting shares and/or adding short calls/puts, or let it ride. I have hard stops at -1000%. + * **Notes**: Really only worth it with a PM account due to BPR. I’m at my computer every trading day before opening bell to try and capture opening volatility. I’ve also found the first few minutes after ER a good time to scalp. Again, don’t do this unless you have a risk management strategy and low blood pressure. +* **Leverage** + * I generally aim for a target of 50% free BP. However, I will let this run as low as 30% before I start trimming fat if I think we are oversold or as high as 70% if I’m getting weary/cautious. + * I stress my portfolio almost daily beta weighted to SPX for price and volatility to know how far away I am from a margin call in either direction. Sometimes, like now, the stress testing will inform me that a ton of my BPR is due to my SPX short calls. With this knowledge, I know I can be more aggressive opening up more short puts from strategy #3. +* **Hedging Another 6-sigma Event** + * **Background**: After COVID bent me over in March, I realized the hard way I needed a black swan hedge (among other risk management/exit strategies of which I NEVER HAD) to avoid/mitigate what happened to my account should another doomsday scenario occur. Still new to my arsenal and experimenting with this. + * **The Trade**: Buy 7 DTE, 10% OTM puts every Monday for 0.04% of net liq. Also buy 120 DTE, 10 delta VIX calls every month for 0.08% of net liq. Do the math and this is a total of 3%/year portfolio drag. These numbers could probably scale with portfolio returns and VIX level. + * **Management**: Hopefully these expire worthless until I'm dead. But if not, when the next black swan hits and these babies pop, I'm honestly not exactly sure how I'll manage these. I just know I'll be glad I had them. + * **Notes**: Not only do the long SPY puts hedge my SPY HTS CSP and SPX short puts, it also drastically reduces the BPR for these positions due to cross-margining rules (another beauty of SPX and PM). VIX hedge based on [Option Alpha YouTube Video](https://www.youtube.com/watch?v=-luY8MHgYW0). SPY long put hedge based on my own back-testing and stress-testing. +* **Miscellaneous** + * [Current Positions](https://imgur.com/a/D9hyBtP) + * [Short Put List of Tickers](https://imgur.com/a/ACJ4ZUm) + * [Acronym Definitions](https://i.imgur.com/6fOrPUn.png) + +Lastly, I really want to thank this community! Except for a few grumpy asshats, everyone is very supportive and willing to give constructive feedback. Plus my (real life) friends have no idea what any of the shit I wrote above means lol. So it's been great to have you all to geek out with especially during the socially-limited WFH era. I have to give a special shoutout to u/spreadsgetyouhead and u/LoveOfProfit \- these dudes know their stuff and have been great to learn from and bounce ideas off of. + +**TLDR**: Made 100%+ this year from SPY CSP, SPX strangles, short puts on blue chip companies, and weekly naked lottos. Risk management is good. Watch your leverage. Black swan hedge if necessary. + +*EDIT: Formatting* + +*EDIT2: Added "Acronym Definitions" link - credit* u/WBuffettJr *for the idea* + +*EDIT3: Added EDIT to Strategy #1 - abandoning HTS and going back to long SPY* + +*EDIT4: Added EDIT to Strategy #4 - additional criteria added: short interest < 10% of float* +Hi Folks, + +[I posted a year ago about a change in career.](https://www.reddit.com/r/UKPersonalFinance/comments/9un1kw/career_paralysis/) Thought I would give you a bit of an update as some on another thread remembered the post and were asking. + +Many of you chipped in at the time, mostly advised against the move. Well I decided to live with no regrets, and took the leap, and the 50% pay cut. + +Well it turned out like most of you good people said. Within a few months I was having second thoughts, within 6 I was looking for an escape. I felt like life was always 100mph, no time for anything let alone myself. Hrs were all over the place, not much routine, kids didn't like it, wife was run off her feet. Luckily out of nowhere my old employer called 'for a chat'. They wanted me back and I was very happy to go. I was exceptionally lucky. + +Now been back for the last 4 months. Everything that used to annoy me no longer does, I am way way more settled and chilled. Just making as much cash and enjoying my time off. + +&#x200B; + +Moral of the story - most job are generally pretty rubbish, even what you think are meaningful ones. If you know you have a good number, settle for it and enjoy the ride, don't always chase the greener grass like I did! +A family member recently told me how their entire (fairy large) investment portfolio is based around buying dividend “aristocrat” stocks, looking for stocks with a track record of maintaining/increasing dividends. I was kind of surprised to learn that they have no bonds or GIC or cash or any other “safe” portion of their portfolio, everything is equities. + +They plan to use dividend income for retirement. What are the downsides and risks to this strategy? They feel that even if the value of their portfolio (ie stock prices) goes down, they will still get the same dividend amounts to live on so it doesn’t matter. + +Is this a viable way to manage your portfolio during retirement? Isn’t there a risk of severe dividend cuts in the event of a major economic downturn and/or market corrections? + +Edit: thanks lots of good responses and info. I will clarify that in the case of my family member, they are on the brink of retirement so they are focused on income, not growth. It seems like if they are happy with the dividend income amount they are currently getting, then this is a pretty good way to go. I am a little surprised how well divided payouts can hold up during economic/stock downturns. +News on DOC.V from this morning: + +[https://ca.finance.yahoo.com/news/mental-health-commission-canada-imd-150000551.html](https://ca.finance.yahoo.com/news/mental-health-commission-canada-imd-150000551.html) + +[https://ca.finance.yahoo.com/news/mental-health-commission-canada-cloudmd-150000071.html](https://ca.finance.yahoo.com/news/mental-health-commission-canada-cloudmd-150000071.html) + +In my opinion, telemed is here to stay regardless of COVID. + +Glad to see the government recognizing that most people seek help online anyway, so might as well introduce a credible channel for them to use. + +DOC.V makes up for 5% of my portfolio, and I plan on holding it for the next few years. + +I am interested in what you guys think about the future of telemed and DOC.V. +I originally wrote this for the options betting sub, but the mods took it down within minutes... + +I know a lot of people here already know most of this, but I am sure not everyone is reading this sub daily anymore, and may have missed some of this info. + + + +Matt Furlong the $GME CEO, stated the following last August during earnings; + +**"After spending a year strengthening our assortment, infrastructure, and tech capabilities, we're now focused on achieving profitability, launching proprietary products, leveraging our brand in new ways, and investing in our stores,"** + +I'm not going to cover everything we already know about the above( increased product offerings immensely, two new distribution centers, new GME branded products, stock options for employees etc) + +For the first time in 3 years GME's foot traffic is higher than pre pandemic ( as of October), and with the release of God of War, MW2, Pokemon Scarlett, increased PS5 inventory 400% YoY etc , and many others this coming Q4 is looking pretty good( also notably GME's best cyclically quarter because of the holidays) . See below: + +&#x200B; + +https://preview.redd.it/fpuc5r5ysr0a1.jpg?width=1378&format=pjpg&auto=webp&s=f883b9de757a0156509e5792f8bbdf9309c2b272 + +&#x200B; + +[Pokemon Scarlett Launch yesterday](https://preview.redd.it/mrz7hc10tr0a1.jpg?width=1152&format=pjpg&auto=webp&s=ebf503374a6881f352ccfe73b82105c764277f40) + +&#x200B; + +GME started a brand new offer new offering for its Pro member's recently; spend $200 and get a free NFT on their marketplace. Now before you blast this as some sort of gimmick; keep reading.... + +&#x200B; + +[GME NFT PROMO](https://preview.redd.it/z8mluh12tr0a1.jpg?width=1280&format=pjpg&auto=webp&s=1d37b75ee6a1b82d1e0c6a1d04f5d9a82edc4516) + +GME not too long ago air dropped( sent out a free NFT) to the first 5000 users of their NFT marketplace. Those users received this [NFT Pin](https://nft.gamestop.com/token/0x0c589fcd20f99a4a1fe031f50079cfc630015184/0x8a1967f5f93da038ad570a5244879031d010b8efa5c95eadcdf7df0f8cfbd25c) . + +80 ETH in trading volume currently, 650 ish sales, ranging from .245 to .09 ETH( $300 to $100 USD roughly). [Sales Data](https://explorer.loopring.io/nft/0xdcf8ff6b4de163873066118a8eeec9e68c93e284-0-0x0c589fcd20f99a4a1fe031f50079cfc630015184-0x8a1967f5f93da038ad570a5244879031d010b8efa5c95eadcdf7df0f8cfbd25c-10) + +So I don't know about you, but even my 6 year old son told me to buy $200 from GME, as it could potentially be 100% free in the end. Either way there is a chance for a decent size discount, as there is a large GME community that can't get in on the original promo( people overseas without local stores, or those who simply missed it etc). Also there are a lot of crypto speculators too. I've personally made 700% on my 7K investment into the GME marketplace so its definitely a place where you can make money. + +I believe GME will use this same incentive structure to gain more market dominance in both the video game & collectable industry. For example if GME convinces Sony to sign up at their marketplace and offer an NFT collection, GME could bundle this collection as free incentive to those who purchase a God of War PS5 bundle through GME. This would give GME a huge edge over other competitors. Sony would be incentivized to become a creator here, as they would make a royalty on every NFT sale, and they already have a fleet of digital image designers etc, so it would take very little leg work. Furthermore, and more importantly Sony would then have access to every secondary customer's wallet address, and be able to offer direct coupons or other incentives to those secondary customer that they might never have contact with. It could reel in a lot more business for Sony. I was NEVER into crypto or NFTs before GME for example. A lot of people simply will want to collect these Sony NFTS outside of monetary gains too. I have 150+ now, and some are just neat to have, just like all my Marvel cards when I was a kid in the 80/90s. I make lot of money, so its peanuts to me. My wife has 100K worth of american girl stuff, don't under estimate people's willingness to collect stuff; its human nature. Don't forget GME also gets a cut of each NFT transaction too, a double dip here on top of the original PS5 bundle sale. + +Once other businesses take note of this, many more will start reaching out to GME, and I believe GME will start basically selling their NFT marketplace services to other industries; just like they did with the [Saw Movie Game](https://nft.gamestop.com/collection/saw) . It will then more importantly cross link with their marketplace, like IMX is doing with their video game NFT customers( video game developers). A centralized hub that will increase the liquidity drastically( necessary for an type of exchange to operate, and be profitable). GME has the customer basis for this, as they have noted is one of their largest assets. + +Speaking of IMX, they have now finally integrated with the GME NFT marketplace. + +[https://nft.gamestop.com/games](https://nft.gamestop.com/games) + +&#x200B; + +https://preview.redd.it/9489s084tr0a1.jpg?width=679&format=pjpg&auto=webp&s=71cd3725f9dadf38bf39f72cbc92974d5b5771a5 + +5 million worth of trades in the first week with only 6 game collections + +The owner of IMX; [u/robbieimmutable](https://www.reddit.com/u/robbieimmutable/) mentions, " + +"More than half of these logos didn't exist 3 months ago. Immutable is onboarding web3 games at a record pace in the middle of a bear market. " + +All of these games will be going on to the GME marketplace. IIRC something like 1000+ games are in the works. + +&#x200B; + +https://preview.redd.it/00c1pra5tr0a1.jpg?width=2560&format=pjpg&auto=webp&s=e0b1c9af071eb5907f2b2b130d1ce617a4c8cd01 + +I am sure out of 1000+ there will be something for every type of gamer. Furthering GME's bottom line, some of the NFT collections are cross useable between platforms, incentivizing even more trading. + +[Cyber Crew](https://nft.gamestop.com/collection/cybercrew) and many other GME NFT collections are now doing this. + +[Cyber crew in Kiraverse game](https://twitter.com/KiraverseNFT/status/1573069779832905731?s=20) + +All of this combined with reducing store leases( 4573 down to 2963), and closing all stores in Switzerland in Q1 2023( so not yet), I expect GME to become profitable in the next 6 to 12 months. + +In 3-4 more weeks we will know more on their Q3 earnings call. If they have reduced their cash burn rate from finishing their tech investments, its going to start to get spicy. Consecutive profitable earnings would be a first in 3 years I believe, and if all of the above works out; I foresee a lot of institutional buy ins. With the float mostly owned by retail who will not sell( as proven by [DRS](https://www.computershared.net/) 8-k sec filings) this is going to make the January sneeze not even registerable on the 5 year chart.... +"Our updated forecast includes an expectation of a modest recession in the latter half of 2023 as we see a contraction in economic activity as the most likely path to meet the Federal Reserve’s inflation objective given the current rate of wage growth and inflation." + +https://www.fanniemae.com/research-and-insights/forecast/inflation-rate-signals-tighter-monetary-policy-and-threatens-soft-landing +I've seen this debate on Twitter before and I'm curious to see what you guys think. The one side usually argues that in order to secure the assets built on top of the Ethereum network the value of ETH must be greater than the assets it secures. The other side then argues that it doesn't make sense for ALL the assets combined to be worth less than the underlying ETH because then ETH would be worth more than any other asset in the world. + + +What are your thoughts? + +EDIT: Forgot to clarify that this scenario in proposing would take place after Serenity and PoS would be in full swing. + +[View Poll](https://www.reddit.com/poll/aa4ozj) +**BULLS:** + +**Oppenheimer: "Doing More With Less.** TSLA outlined a robust reimagining of battery design, manufacturing, and performance including targeting a $25K vehicle in three years and 20x capacity increase by 2030. It is ramping a pilot line featuring a comprehensive redesign of product architecture, basic materials, and process technology and expects to yield \~56% cost declines, 54% range improvement, and 69% capex reduction, with initial benefits seen over 12–18 months, achieviing run-rate at \~three years. TSLA reiterated 30–40% delivery growth in 2020 (implied 478–515K) ahead of consensus estimates. We are impressed with the ambition of the endeavor and believe this roadmap charts ongoing technology and cost leadership for TSLA enabling sales into the entire LDV market. While limited details may weigh on shares, we would be buyers on any near-tearm weakness." + +**ON THE FENCE:** + +**Morgan Stanley: "A Call to Arms.** Tesla’s battery day largely lived up to the hype, but didn’t clearly exceed it. We think the main narrative is that Tesla’s battery tech is outpacing current growth in supply… and it's time to spend significantly." + +**Credit Suisse: "Battery Day plan shows elevated growth narrative ahead, but consider challenges in manufacturing ramp.** Tesla’s much anticipated Battery Day brought several key positives: 1. Battery plans to support aggressive growth over next decade; 2. Growth unlocked via cost reductions on multiple fronts, highlighted by ambitious vertical integration plans; 3. Yet another reminder Tesla is well ahead of other automakers in the push to EV. However, the biggest driver of Tesla’s success in its strategy will be its ability to successfully ramp manufacturing, and we expect challenges along the way. Amid lofty expectations into the event, we see a ‘sell the news’ reaction on the stock given Tesla is still 3 years away from its planned $25,000 vehicle and full benefits from its battery strategy. That said, we ultimately expect weakness to be bought as the event highlighted Tesla’s robust growth narrative." + +**Canaccord Genuity: "Battery Day hits on manufacturing strategies, but may disappoint for those that see a tech juggernaut.** As expected, Tesla’s Battery Day and shareholder meeting provided a trove of clues as to the direction of the company. For Bulls, the operational and systems approach to reduce manufacturing costs for autos and energy might be enough to warrant momentum. Bears, however, are likely to point the shift towards what looks increasingly like a modern day auto OEM than a tech company." + +**Goldman: "Capacity, Battery Tech and Cost in focus.** Tesla believes that it will see the initial impact of these changes within 12-18 months, and the full impact in about 3 years. In addition, Tesla stated that it could release a $25,000 car in about 3 years as a result of the reduction in pack cost. We believe that a vehicle at this price point (coupled with Tesla's other products) would help Tesla to address a wide range of the light vehicle market (and furthermore EVs offer savings for the typical US driver in the form of lower maintenance and fuel costs that we have previously estimated are about $800 per year vs. an ICE vehicle). We expect the ability and timing for Tesla to fully achieve these targets to be one investor debate post the event, as Tesla has not always met its past targets. While we are incrementally positive on long-term EV adoption, we believe that the company's premium multiple (Exhibit 4 and Exhibit 5) currently reflects this." + +**BEARS:** + +\*\*Barclays: "\*\*while it had the usual set of aggressive forward-looking targets, the key question of the stock is whether a more subdued Musk – who uncharacteristically cautioned that the battery innovations were ‘close to working’ – is enough to sustain the valuation. We can see a few days of ‘sell the news,’ especially as Musk did not forecast either the 1 million mile battery (which many Tesla fans expected) or using Tesla cars for vehicle to gird (which we expected), and the ‘one more thing’ was delayed Model S Plaid performance variant. Moreover, the Plaid variant was delayed. After that, however, attention will shift to delivery forecasts for 3Q20, where Musk was silent other than forecasting 30-40% unit growth for 2020." + +**Needham: "Will Vertical Integration Make or Break Tesla? We Have 3 Years to Find Out.** At its well-hyped Battery Day yesterday, TSLA announced its transformational plans to more than halve the cost per $/KWH of its batteries through the strategy of vertical integration. The ultimate goal is to increase range by 54%, while cutting cost/KWh by 56% and investment per GWh by 69% in five steps: cell design, cell factory, anode materials, cathode materials and cell vehicle integration (outlined below). This plan will take three years to be fully implemented. While we applaud the company's ambitious plans, we believe it is an inherently risky move with steep execution and operational challenges." +**Solar Full Cycle (SFC)** is a tokenized utility platform for investors and the industry, dedicated to establishing the recycling of panel waste in the burgeoning solar industry. + +### 🛰️ **SFC Use Cases** + +● Approach End of cycle solar power plants, map/calculate salvage value, logistics and other fees (including taxes). + +● Prepare an agreement between SFC and Solar Power Plant (SPP) ownership/ +management on the block chain, in exchange token against agreement (locked-in account until plant dismantle date). + +● Let recyclers acquire the plants' contracts with SFC tokens and also pre-sale of the capacity of the recycling plant in exchange tokens that even PV plants owners directly book and initiate the recycling process. + +● Set up agreements with the Recycling Companies (RC) where SFC management can send and receive payments via SFC token and get the involvement of the RC owners/management to trade in the SFC trading platform. + +● Set up agreements with Logistic Service Providers (LSP) that SFC management can reserve shipments in cost-efficient ways and SFC management can make the payment via SFC token for the logistics payments. + +● Introduce the SFC trading platform to the LSPs so that they can generate extra profits from the SFC token trading. + +● Token holders can buy PV panels made out of recycled materials at a discounted price and pay for its after-sale services via tokens. + +● PV panel manufacturers can buy recycled materials for their own manufacturing listed on SFC via tokens. + +● SFC physical business profits will be turned back into a token by burning to tokens which is equal to the values of the profit. + +● SFC management will take their salaries and other payments via tokens which is similar to the value of the USD on the payment date to keep the liquidity pool stable. + +● SFC token holders can invest in proposed energy projects and receive rewards via tokens when it’s up and running, also a solution for reducing emission and slippage. + +● SFCNFTs on a green blockchain with smart properties and linked to SFC tokens. + +### 👨🏽‍💻 **Marketing** + +▪️YouTube Influencers + +▪️BscScan ads + +▪️More banner ads incoming + +▪️AMA on DxSale + +▪️IDOPresales promotions + +▪️Twitter ads & more + +### 📉 **Tokenomics** + +As of November 2021, SFC has a circulating supply of 1,000,000,000 tokens. A breakdown of the SFC Tokenomics outlines that: + +• 0%-5% of the transactions will be deposited to a wallet which will be used for marketing and other development costs + +• 0%-5% of each transaction will be distributed to all holders as Reflective Holding Rewards, or Reflections. + +• 0%–5% of each transaction will be locked into liquidity – a pre-emptive measure in stabilizing the price ahead of potentially-larger transactions. As time goes on the price will become even more stable. + +• Any combination of these taxes can be implemented as long as the total tax does not exceed 10% at any given time, and there can be different taxes for buying and selling the $SFC token. + +• Initially, taxes will be set to 4% for buys and 8.5% for sales, and as it open on more DEXes and CEXes these taxes will be adjusted accordingly. + +• There are no taxes for wallet to wallet transfers, only interactions with smart contracts are taxed. + +• $SFC will launch at an original price of $0.0003 (+- depending on BNB price) per token on Binance Smart Chain. + +• $SPE holders eligible for the private sale of this SPEPad launch will be able to acquire a limited amount of tokens depending on which tier they are in, for $0.000275 per token. + +• There will eventually be several bridge solutions for BSC and Polygon, and there are more blockchains we will be expanding to also in the future. + +### 🔗 **Relevant Links** + +**Website:** https://solarfullcycle.io/ + +**Presale Link:** https://dxsale.app/app/v3/defipresale?saleID=1602&chain=BSC + +**Contract:** https://bscscan.com/address/0x0556551F81623aE32c5c7CF853c67fafBE61648a + +**IDOPresales KYC:** https://idopresales.com/kyc-service/solar-full-cycle-kyc-verification/ + +**Solidity.Finance Audit:** https://solidity.finance/audits/SolarFullCycle/ +"**Property prices have risen across the US during the pandemic and, contrary to popular perception, they have risen in each of rural, suburban, AND urban areas**. Despite widely reported speculation about a collapse in demand for urban living (likely spurred by the outsized attention given to New York City and San Francisco), our data suggests that people left urban areas, but at a more modest pace than media reports might suggest." + +"**COVID-19 has not caused people’s housing preferences to permanently shift away from the amenities of urban living**. Density aversion is leading to some declines in the biggest cities. But price changes during COVID-19 suggest that people are still willing to pay for urban amenities, placing value on access to restaurants, bars, and cultural institutions found in denser cities – they will just need to find places where they are less impaired by social distancing rules." + +"**We do see more risk of cities underperforming suburbs, a contrast to many years when home price increases in urban areas significantly outpaced those in suburban or rural areas**. While prices are likely to rise all over, urban areas are at risk of losing their long stretch of outperformance over suburbs. More working from home (WFH) in the future, risks around COVID-related closures of urban amenities, and potentially lingering aversion to density are likely to give the suburbs a relative edge in the future, even as both places rise in absolute terms. This could create an incremental demand bump of up to 500,000 new housing units in the US if up to 2% of people permanently relocate out of urban areas." + +"**Of the biggest cities in the US, only New York and San Francisco have seen average price declines during the pandemic**. Most urban areas in the US have benefitted from the same pent-up demand and increase in affordability that has lifted suburbs. And while we would not dismiss the tail risk of a self-reinforcing cycle of falling home prices for New York City or San Francisco, it remains a tail." + +"**We expect the trend of rising home prices in both cities and suburbs to persist even after the pandemic ends, because affordability has improved and should remain elevated for some time**. The collapse in long-term interest rates made mortgages more affordable at the same time that household savings soared as a result of lockdowns and government largesse. Moreover, millennials have reached their peak marriage years, so are entering their peak years for home buying. These should provide a tailwind for both suburban and urban properties." + +"**Multifamily rentals are the most challenged corner of the residential market, with rents at risk due to a potentially “K-shaped” recovery (where higher income workers experience a rebound, but lower income worker remain strained)**. If lower-wage jobs take a long time to reappear, or don’t reappear at all in the places they were before, rents could take a material hit." + +"**In contrast, Single-Family Rental (SFR) appears poised to benefit from the same economic recovery.** SFR customers have similar wealth to home buyers, so they are less likely to face the pressures of multi-family assets. And because their assets gain in value as home prices rise, they should perform well in a general regime of rising prices." + +"**In the UK, trends have been similar to the US, but with perhaps a relatively bigger shift of interest to the suburbs.** The risks are slightly different, however, as housing assets are more exposed to government policy shifts." + +"**In China, there is a growing desire for better housing and better living conditions after COVID-19.** Flexible work arrangement and hygiene awareness have caused local residents to look for better housing, more bedrooms, and second homes." + +"**Student enrollment is falling in the US, creating a risk for security-backed student housing.** However, initial trends are promising and moves to reduce density could offset any reductions in enrollment. In the UK, enrollment trends are the opposite – rising as is typical of recessions." +I haven't been happy with my career for a number of years. I'm not sure if it is burnout, as I did enjoy it once upon a time but now every day of work requires literally every ounce of my energy. + +This last year alone since the start of this pandemic, I have lost my job three times. Twice due to pandemic reasons/company having to make redundancies, and the most recent purely because I'm not coping very well mentally lately. + +In one week I will start a new job and I am dreading it so much. It's not a career I really chose for myself. I kind of fell into it. My family was having massive financial difficulties back in 2008, so I dropped out of uni and got a job in the only field I had some experience in. It was never my "plan" to be in this field, it just kind of happened as I knew I could do it. +For years I've been thinking, I'd love to try something else, but due to having a family etc, I needed a stable salary coming in. + +I've been holding since January, and I'm looking forward to just being able to finally try something new and not worry about money for a while. + + +Also looking forward to finally being able to clear my own debts, and my parents and siblings debts and buying my wife, kids and parents something nice for once. +With the extremely dissapointing behaviour from management and lack of transparency, people I know personally who have invested in LKE have reached out and are struggling with the drop and are torn what to do. I hope those who are still invested are doing ok, and my inbox is open for any brothers and sisters who are doing it tough. I no longer hold but hope it works out for those who are. Stay strong! +I'm in the market for a house, if rates rise enough there will be a proportion of people that will be under stressed. This will cause them to want to dispose of the property. If there is a surge in properties being listed do you think that prices will drop much? + +I feel that they can't drop too much since the difference between mortgage and sale price must still be paid by the vendor right? + +Tldr: are rate rises beneficial to me as a house hunter? +What's up Apes + +TLDR at the bottom. + +I've been sitting on my FOIA requests for about two months now, not wanting to make a post until I received an actual response. My request for a fee waiver was granted, so I didn't have to spend any $$$ better suited for more crayons to shove between my gorilla molars, but my request for an expedited process was denied. Apparently the financial risks to hundreds of thousands of Ape wallets doesn't constitute a national emergency, so I had to wait two more months before hearing anything back. + +Imagine my delight this week when those emails finally popped up in my inbox. Unlike *some* people (or government agencies), I won't waste any time scratching my own balls before sharing this information with those that deserve it. One, because anatomically I don't have any balls, and two, because fucking duh. + +(In all seriousness though, I'm just being coy. It could very well have taken them two months to scour all their records. I know jack shit about what kind of archives and record-keeping systems they have up in the SEC.) + +Also, none of this is financial advice. I'm literally an idiot. And nothing in this post is meant, in any shape or form, as any type of advice, financial or otherwise. I'm just a little ape who sent in an FOIA request, got a response, and am sharing it with the sub. What you do with this information is your own prerogative. I'm still HODL because that's *my* prerogative. + +# Before I get into it, though, some background. + +For those of you who are unaware, the Freedom of Information Act allows members of the public (like you and me) "the right to request access to records from any federal agency." These federal agencies are required to disclose information requested under the FOIA **unless** the information falls under one of nine exemptions with the general purpose of protecting personal privacy, law enforcement, and national security (because fucking duh). In which case, the individual who requested the information will receive a polite little email to tell them that their request will not be granted (and a list of the relevant exemptions why). + +The nine exemptions are, in detail (found on the [FOIA.gov](https://FOIA.gov) [FAQ](https://www.foia.gov/faq.html)): + +>**Exemption 1:** Information that is classified to protect national security. +> +>**Exemption 2:** Information related solely to the internal personnel rules and practices of an agency. +> +>**Exemption 3:** Information that is prohibited from disclosure by another federal law. +> +>**Exemption 4:** Trade secrets or commercial or financial information that is confidential or privileged. +> +>**Exemption 5:** Privileged communications within or between agencies, including those protected by the: +> +>\- Deliberative Process Privilege (provided the records were created less than 25 years before the date on which they were requested) +> +>\- Attorney-Work Product Privilege +> +>\- Attorney-Client Privilege +> +>**Exemption 6:** Information that, if disclosed, would invade another individual’s personal privacy. +> +>**Exemption 7:** Information compiled for law enforcement purposes that: +> +>\- 7(A). Could reasonably be expected to interfere with enforcement proceedings +> +>\- 7(B). Would deprive a person of a right to a fair trial or an impartial adjudication +> +>\- 7(C). Could reasonably be expected to constitute an unwarranted invasion of personal privacy +> +>\- 7(D). Could reasonably be expected to disclose the identity of a confidential source +> +>\- 7(E). Would disclose techniques and procedures for law enforcement investigations or prosecutions, or would disclose guidelines for law enforcement investigations or prosecutions if such disclosure could reasonably be expected to risk circumvention of the law +> +>\- 7(F). Could reasonably be expected to endanger the life or physical safety of any individual +> +>**Exemption 8:** Information that concerns the supervision of financial institutions. +> +>**Exemption 9:** Geological information on wells. + +# + +# My FOIA Request + +On April 2nd, 2021, I submitted a Freedom of Information Act request to the SEC. I specifically requested records **between and otherwise concerning** the SEC and Reddit, Gamestop, Citadel, Robinhood, and Melvin Capital, including any and all communications and investigations revolving around Gamestop and GME. The SEC responded four days later, splitting my bulk request into five individual requests: + +1. **21-01374-FOIA**: for any and all documents, internal communications, communications, and complaints between the *SEC and Gamestop* +2. **21-01375-FOIA**: for any and all documents, internal communications, communications, and complaints between the *SEC and Citadel* +3. **21-01376-FOIA**: for any and all documents, internal communications, communications, and complaints between the *SEC and Robinhood* +4. **21-01377-FOIA**: for any and all documents, internal communications, communications, and complaints between the *SEC and Melvin Capital* +5. **21-01378-FOIA**: for any and all documents, internal communications, communications, and complaints between the *SEC and Reddit* + +In the same response, I received a fee waiver (I was classified under the "educational" fee category, probably because I cited the purpose of my FOIA request was to gain and share valuable information regarding SEC's involvements in matters relevant to Gamestop investors. For the "educational" category, search and review services are free.) However, my request for an expedited process was denied, because I failed to demonstrate a "compelling need". To quote from the letter they sent me: + +>"Compelling need" means that a failure to obtain the requested records on an expedited basis could reasonably be expected to pose an imminent threat to an individual's life or physical safety or, if the requester is primarily engaged in disseminating information, by demonstrating that an urgency to inform the public of actual or alleged Federal government activity exists. + +Obviously, I disagreed. But I didn't disagree enough to bother with a lengthy appeal process, so I sucked it up. + +&#x200B; + +# Final FOIA Responses + +Well, finally, after nearly two months, I received a final response on two of my five requests. I figured I'd share them both with y'all now, rather than wait for all five to come in, because god knows how much longer that'll take. + +Now, I'm a bit technologically inept, so I have no idea how to include the email PDFs as images within this text post. I'll downloaded them to ~~my google drive~~ Imgur and I'll add the links--hopefully you'll be able to access them that way. If the links don't work, let me know and I'll try to fix it. And if there's a better way to do it, please let me know. Giving you guys access to the links is mostly for verification purposes--I'll disseminate the main points within the letters in this post. Also, for privacy purposes, in the links I inked out my name and the name of the FOIA employees who processed the requests. Hope you guys don't mind. + +So, without further ado: + +On May 19th, I received a final response regarding Request No. **21-0177-FOIA**. In this request, I asked for "any and all documents, internal communications, communications, and complaints between the **SEC and Melvin Capital**". + +This request was not "denied", per say. The language used in the letter was "withheld". In any case, the conclusion is the same: 'no, we're not going you these records.' If you recall what I said above, this is legal under nine exemptions. The relevant exemptions they cited in the response--that is, the exemptions they're using to withhold the information from me in this case, are: + +>"FOIA Exemption 3, which protects records or information that are specifically exempted from disclosure by statute. Pursuant to 15 U.S.C. 78u-6(h)(2)(A), the Commission shall not disclose any information, including information provided by a whistleblower to the Commission, which could reasonably be expected to reveal the identity of a whistleblower; +> +>FOIA Exemption 6, which protects information the release of which would constitute a clearly unwarranted invasion of personal privacy; +> +>FOIA Exemption 7(A), which protects records or information when disclosure could reasonably be expected to interfere with law enforcement proceedings; +> +>FOIA Exemption 7(C), which protects records or information when disclosure could reasonably be expected to constitute an unwarranted invasion of personal privacy; and +> +>FOIA Exemption 7(D), which protects records or information that could reasonably be expected to reveal the identity of a confidential source." + +My Immediate takeaways: + +While it sucks that I've been denied the information, even denial of information in of itself is informative. **This is clear evidence that an investigation IS taking place into Melvin Capital. A whistleblower HAS stepped up, and has been verified enough to be protected.** + +This is not proof that the SEC is investigating Melvin regarding it's involvement in GME. While that was the intent of my original request, if you remember, my bulk request was split into five individual requests, each regarding the SEC and one of five organizations (and any relevancy to Gamestop is no longer explicit). When reading the language used in this letter, there's no indication that the records being withheld have anything to do with an investigating into Melvin Capital *and Gamestop*. ONLY that Melvin is being investigated for *something*. + +You can see the full letter here (I hope): [https://imgur.com/a/Q8FX8yI](https://imgur.com/a/Q8FX8yI) + +&#x200B; + +On May 20th, I received a final response regarding Request No. **21-01378-FOIA**. In this request, I asked for "any and all documents, internal communications, communications, and complaints between the **SEC and Reddit**". Keep in mind that this was nearly two months ago, when there was still a lot of talk about us and joint market manipulation, which, you know, was and still is fucking stupid. + +Anyways, this letter is even more disappointing than the one about Melvin: + +>"...we conducted a thorough search of the SEC’s various systems of records, but did not locate or identify any information responsive to your request." + +This feels.....misleading. There was a lot of talk about investigating Redditors for this whole debacle, no? Am I, like, being delusional? The SEC really has NOTHING about Reddit, or individual Redditors? No communications? No complaints? + +I was very specific about my intentions in my request, but perhaps the SEC pulled a sneaky and deliberately re-phrased my request to be about records/communications/complaints **between** the SEC and Reddit as opposed to records/communications/complaints **about** Reddit. Which, in my unprofessional opinion, would be ridiculously shady. I don't have any evidence that this is what happened, but it's what makes the most sense to me at the moment. + +**This letter is as inconclusive as it gets.** I need some more time to think about it, though I'm probably going to file an appeal. Your thoughts would be appreciated. + +You can see the full letter here (I hope): [https://imgur.com/a/d0MHRgc](https://imgur.com/a/d0MHRgc) + +&#x200B; + +I'll keep you guys updated as I get more responses. I imagine the other three regarding Citadel, Gamestop, and Robinhood are taking longer because there's a lot more for the FOIA people to comb through. **Perhaps** this in of itself is evidence that there's some juicy stuff going on here at the SEC. At this point, though, that's nothing more than educated conjecture. + +Thanks for reading! I know this was fucking long. Sorry about that. Your thoughts are appreciated. + +And if TLDR: The SEC responded to my Freedom of Information Request to tell me that they can't disclose anything regarding Melvin in order to protect current law enforcement proceedings and the identity of a whistleblower/s. Further, no records, communications, complaints, and any and all other documents exist between the SEC and Reddit. That isn't to say nothing exists **about** Reddit, only **between** the SEC and Reddit. Semantics is everything in bureaucracy, so this is shady AF. + +&#x200B; + +EDIT + UPDATE: Changed Google Drive links to Imgur links. Also fixed a typo. + +Thank you guys so much! I'm really glad that you're all finding this information helpful. + +After some discussion in the comments, I've decided to call the FOIA employee in charge of my requests tomorrow to discuss the specific semantics about my request and how they interpreted it. I'll update this post afterwards to let y'all know how it goes. + +&#x200B; + +# UPDATE 2 BOOGALOO: + +Good morning Apes! Or afternoon, or evening. + +Thank you for your patience! + +I spoke to the FOIA research specialist in charge of my Reddit and Melvin request. We’ll call her Ally, to help keep this update coherent—she was very thankful when I told her that I had redacted her name from the letters before posting them to Reddit, so please forgive me when I insist on using a pseudonym here on out. + +I want to make one thing exceptionally clear: I’m being absolutely transparent in everything I tell you. I’ve gained some juicy confirmation today, and I’m going to leave nothing out. I’ve also made a few mistakes, and I’m going to tell you all of them. My goal here is to share everything I know, along with my opinions, and leave you to reach your own conclusions. + +I called Ally this morning. Her office email and phone number were on the response letter. She was a real sweetheart and spoke to me for a full hour while I unloaded each of my questions in a hundred different ways. I continually rephrased my questions and mentally noted any discrepancies in her answers, so keep that in mind as I give you the general run-down. + +I’ve got a lot to share with y’all, so please bear with me. + +# MY ORIGINAL REQUEST + +First and foremost, a lot of you pointed out that the phrasing I used in my original request could have severely impacted the ultimate results. Unfortunately, I don’t have a copy of my original request on hand. FOIA requests for the SEC are submitted through a form on their website, and I wasn’t clever enough to save a screenshot before I hit submit on April 2nd. + +On April 5th, I received a total of SIX emails—one that informed me that my bulk request would be split into five, and then five separate acknowledgement emails to confirm each individual request. (I didn’t include those in my original post because I honestly didn’t think they were relevant, but if y’all are interested, I don’t mind uploading them.) + +I remembered that my original request was a bit more specific than the phrasing used on these letters, so the first thing I asked Alley was if she could send me a copy of my original request. She wasn’t sure what the proper procedures were and told me to email her about it and she would get back to me on Monday (I’ll be doing that after I post this). HOWEVER, she didn’t have any problem with reading my original request out loud. Bureaucracy, go figure. + +My original request (verbatim to the best of my abilities—I’ll update this post when I finally receive a copy of my original request next week): “Any and all documents, internal communications, communications, and complaints between the SEC and Gamestop, Citadel, Robinhood, Melvin Capital, and Reddit, related to investigations of the manipulation or shorting of Gamestop security, repurchase and reverse re-purchase agreements, and treasury bonds.” + +Time range: December 2018 to the present + +So yes, unfortunately, I did use the word “between” rather than “about”. Theory discredited, idiocy confirmed. + +Because I said “between”, the people searching the records narrowed their search to meet this criterion. So, it’s not necessarily that they deliberately withheld information using my specific wording as an excuse (ie, I only asked for X, so they’re only going to give me X and not a smidgen more), but that my specific wording acted as the boundary for the scope of the search (ie, I asked for X, so they only searched for X). + +# THE THREE BIGGIES + +According to Ally, the three words/phrases that likely had the largest impact on my FOIA search were my use of: + +* “between” +* “Investigations” +* “repurchase and reverse re-purchase agreements” + +Because I said “**between**”, it’s possible that they only searched the records and correspondences exchanged between the SEC and the specified companies. Any records and complaints (and Ally placed a large emphasis on complaints) ABOUT any of the five companies (again, Gamestop, Reddit, Robinhood, Citadel, and Melvin) would not *necessarily* appear in the search. + +Because I said “investigations”, the search was narrowed to only include any records and information related to an *investigation*. Public and customer complaints unrelated to an investigation would not be included. Because the response to my FOIA request regarding Melvin Capital was a denial of records, I asked Ally if I could reasonably assume that it meant an investigation was, in fact, taking place. She said, “I cannot confirm nor deny”, (fucking duh), but at another point in the conversation she agreed that, **given the reasons the SEC is denying access to these records, we can reasonably put together that an “inquiry” is “going on”.** This is not phrased to be a guarantee, or a confirmation. But it’s pretty damning. She gave a similar response when I specifically asked if the mention of **Exemption 3 can be interpreted to mean that a whistleblower exists.** + +The third I found a bit odd. My request was a general request for any and all records “related to investigations of the manipulation or shorting of GME, repurchase and reverse repurchase agreements, and treasury bonds”. (Remember I submitted this two months ago, when these were the hot topics on whatever subreddit we were using at the time). However, Ally kept emphasizing my use of the phrase “repurchase and reverse repurchase agreements”. Really, she kept going back to it, isolating this specific phrase from the rest. She said that if I submitted a new request without this specific phrase, it’s possible that I would receive a different result. She said that because I used this phrase, this is what the people “definitely” searched for. More, she said that with the search’s scope narrowed to repurchase and reverse repurchase agreements and treasury bonds, that’s probably why the final outcome of the request was a withholding of records. + +It felt fucking odd that she kept emphasizing “repurchase and reverse repurchase agreements” as opposed to the other things in my request. I kept returning to this point, asking for clarifications, and she grew *very* careful in how she responded. I asked whether records would be denied if I hypothetically submitted a new request excluding that phrase. She said, enthusiastically, it “might”. She said there’s no guarantee. She said it would be “worth a shot”. She seemed encouraging, but at times overly hesitant. + +It's difficult to properly convey tone over text. So I’ll tell you that, *personally*, through a mix of Ally’s tone, the conversation’s content, and my own internal speculation, the vibe I’m getting is that the records regarding Melvin were denied because of an existing and ongoing investigation related to repurchase and reverse repurchase agreements. This is speculation. Make of it what you will. + +At the very least, this means that all five requests are, in fact, still related in some way to GME, repurchase and reverse repurchase agreements, and/or treasury bonds. + +# WHERE ARE THE WELLS??? + +I asked Ally about exemption 4 and 9, because there was some interest in the comments. + +Regarding exemption 4, Ally said that it’s mainly used when someone is trying to get trade secrets, how a company operates, their financial information, that might be covered under a confidential order. + +When I asked about exemption 9, she laughed and exclaimed ‘are you kidding me!’ Apparently, for *some* reason, and I can’t possibly imagine why, the SEC doesn’t exercise exemption 9 very often. In fact, Ally hasn’t seen it happen once in the past 15 years. The FOIA and its exemptions are standard across every U.S federal agency, so it’s an exemption designed for other agencies that regulate geological land, land use, “things like that”. She said that if you guys are interested, you can check out the [Department of Justice Office of Information Guidance](https://www.justice.gov/oip/oip-guidance) for the history of each exemption. + +# MOVING FORWARD + +Obviously, I’m still waiting on the other three requests. They are being processed by a different employee. Ally gave me her contact information and I might reach out next week for an update. + +Alley gave me advice on how I should phrase my request in the event that I decide to appeal or submit a new one. I will definitely be submitting a new one, taking her advice to be much broader in scope. I’ll also be using this post to support my argument for an expedited process, as the number of upvotes clearly demonstrates a large public interest in the existence of “actual or alleged Federal government activity”. We’ll see if it’s enough. + +# MY TAKE-AWAYS (and TLDR) + +Obviously, I fucked up when I submitted these requests. I always say, hindsight is a beautiful bastard. That being said, these requests are still substantial, and the responses are tremendously valuable. + +We now know that records that meet the criteria of my request **exist** between the SEC and Melvin Capital. (If they didn’t exist, then the FOIA response letter would have simply said that no records were found, like it did with my request regarding Reddit.) These records are related to an **investigation** and the existence of a **whistleblower** (as can be extrapolated from the exemptions exercised in the SEC’s withholding of its records.) You can choose to look at it as strong conjecture, but I personally see this as an **indirect, yet official confirmation.** The SEC deliberately selected these exemptions as the reasons behind its refusal to release its records. It even went above and beyond to describe exemption 3 as related to the identity of a whistleblower, when exemptions 7 A, C, and D were almost copied and pasted. The SEC wouldn’t mention protecting a whistleblower in this letter if there was no whistleblower to protect. + +This investigation and whistleblower is related to either the shortselling of Gamestop security, repurchase and reverse repurchase agreements, and/or treasury bonds. + +Reddit, as an organization, is not currently being federally investigated for anything related to the manipulation of GME, repurchase and reverse repurchase agreements, or treasury bonds. + +The *real* conjecture imo is whether this all means that Melvin, or an employee within Melvin, is the whistleblower, since the scope of this request was strictly on records and communications *between* the SEC and Melvin. Now *that’s* some tinfoil-hat soup I can get behind. + +# CONCLUSION + +Fuck this was long. Sorry if this update was a bit messy. I wrote the whole thing with a cat on my lap and a million other responsibilities looming over my shoulder. I wish I could take more time to properly organize this, maybe condense it, but I’m a bit pressed for time and I want to get this out as soon as possible. I’ll respond to your comments as I can, though I won’t be active later tonight or all of tomorrow. + +I’ll make new posts for the other requests as the final responses come in. Hopefully they’ll be just as juicy as the one regarding Melvin. + +Holy shit, thank you guys so much for all of your support, and for taking the time to read through all of this. I hope that I can take advantage of the traction that this post has gotten to convince the SEC’s FOIA department to expedite my new request, but I’m keeping my expectations tame. + +Have a fantastic weekend, Apes! +Do you think you would have reached fat without your SO? Is your SO directly contributing to your NW and income or do they play more of a behind the scenes role? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +# Congratulations on 500,000 members, Superstonk! This is truly remarkable! Thank you all for being here! I love you all! 💎💙 + +[Apes Together Strong](https://preview.redd.it/0ebg2jg52k871.jpg?width=780&format=pjpg&auto=webp&s=7ea9c291eb0f1b2739f4fc32e3aa9550a7d4bcac) + +We have come a long way since, *checks notes*, three months ago. r/Superstonk was created on March 15, and I sort of thought of it as a joke sub, until April 4, when the Second Great Ape Migration occurred and, in 24 hours, over 100,000 apes joined the sub and our new era had begun. Just three months later, we are now five times that number, and are growing more and more with every day. + +Congratulations, apes! This truly is a marvelous- nay, a LEGENDARY feat. Apes together strong and DIAMOND HANDS. I like the stock! + +# Superstonk Growth Plan + +[From baby apes to grown baby apes.](https://preview.redd.it/uafjjiz62k871.jpg?width=1200&format=pjpg&auto=webp&s=2620337fa4807ca27c013c54efb16974446004a0) + +With this natural and impressive growth, the mod team has been putting together plans for expansion. We have modified our structure of mod hierarchy, and organized our team in a way that truly is comforting to all of us. We no longer fret over the psychological issues of compromised mods or bad actors, and honestly I must say this is the best team I have ever been a part of. I see nothing but great things in our future. + +That said, we have become mildly fatigued over the sheer growth and intensity of the past few months. Mods are people too, and have IRL situations that need tending to, and ultimately we are not superhuman. Additionally, we have lost a few mods, most recently u/HeyItsPixeL, due to IRL workload constraints, and, while are sad to see him go, we were so happy to have him along for the ride to this point. + +Moving forward, we will be making regular additions to the mod team. Previously, we had waited for growing pains before beginning the process of adding new mods, usually 2-3 at a time, but now we are making a dedicated effort to scaling indefinitely so as to properly moderate the sub and ensure that r/Superstonk has a long future on reddit. + +We are planning to add 2-3 mods on a regular basis to ensure proper management of the mod queue and mod mail, among other more advanced responsibilities. This method, coupled with a mod training guide that we have put together, and a structured discord for moderator communication and organization, should allow us to quickly onboard, train, and implement new mods. + +# Welcome Our New Moderators! + +[Get into the mod team, you damn dirty apes!](https://preview.redd.it/ksep93e82k871.png?width=726&format=png&auto=webp&s=288ac3ccd2b1ab105a84104a3906bdb4e9bfe4c7) + +This week, we are adding FOUR new moderators. They are already in the mod chat and meshing well with the whole team. Please give them all a warm welcome: + +* u/broccaaa \- This user is very helpful, and has a large knowledge base surrounding FTD cycles and more. He also has many connections in the DD circles that will be very helpful to the mod team. We are confident he will make a solid addition to the sub as a whole. +* u/stonk_sandwich \- From sending headbands to apes to attending the shareholder meeting in person, this user is an active, kind, and smart ape who will be focused on community engagement. We are already very impressed with their involvement in the team, and have high hopes. +* u/ [badtothebone](https://www.reddit.com/user/_badtothebone_) \- This user is someone that u/rensole and myself ( u/redchessqueen99 ) have moderated alongside before, and we have decided to welcome him into the fold of the r/Superstonk mod team. He has proven to be a reliable mod who prioritizes team work and loves this community, so we have very positive experiences and are excited to work with him again. +* u/hey_madie \- This user has been fostering an impressive and positive image across the community, and has established herself as intelligent, resourceful, and reliable to not only the mod team, but respected circles of DD authors and technical analysts. We have no doubt that she will elevate the mod team to a whole new level, and are very excited to have her on the team. Also, she is basically the Queen of Quant. + +I am superstonkin' excited to have these four aboard, and I am very excited to see how they mesh with the team and progress the sub as a whole. Welcome, new mods! + +# Superstonk's Future + +[APE 2.0](https://preview.redd.it/pg4aimcb2k871.jpg?width=1280&format=pjpg&auto=webp&s=6c97f8953bb6400f373acfa42d99f34f00c051d5) + +I know there has been a lot of concern around the recent communication we received from reddit admins regarding [**issues of brigading**](https://www.reddit.com/r/Superstonk/comments/o80eky/no_brigading/), where apes are pushing GameStop and Superstonk onto other subs, as well as referencing them in negative light on this sub overall. Therefore, we have made several changes to the automod code, as well as a required change added by reddit admins, to prevent the discussion of certain terms and references to other subreddits. Please honor these constraints, and help us keep the sub going strong. + +We realize this is frustrating, as many of us are used to collaborating with other GME-specific subs, and please know that I am working to clarify the specifics of this situation, and am working to try and recover crossposting and sharing of content with GME-specific subreddits. I am also on good terms with their moderators, and hope to reach out shortly, once I receive clarification from reddit admins, to foster a healthy relationship between our subs. + +Also, a lot of people are talking about backup plans, and another migration, so let me say this. I am not going anywhere. I am extremely proud of what we've created here at r/Superstonk, and I am going to fight to the end to keep it healthy and strong, and active. We are going to do everything in our power to comply with reddit admins and reddit policy, so that this sub can live a long and healthy life. + +So, please do your best to behave, to be civil, to be polite, and to be conscientious of these issues and policies, so that we can prevent further mishaps. I know there is a lot of animosity due to past grievances, but I am hoping we can start a new chapter with our 500k milestone, and take some proud steps into the future. + +# Re: Knights of New + +[Is this ape? Or shill in ape suit?](https://preview.redd.it/6gvlcflc2k871.jpg?width=1000&format=pjpg&auto=webp&s=ba3220238cfdaeb446a4548a93b2ce4b7a79a885) + +This group has popped up over the past month or so, and aims to "police" the New sorted r/Superstonk feed, and intentionally downvotes posts that violate our sub's rules and general content quality, and upvotes those that they deem to be quality content. While at first, this idea seemed fun and a good idea, as apes voting for good content and downvoting bad content has always been a staple of the success of the sub, we now are seeing some aspects that are problematic. + +This could be construed as organized vote manipulation, as well as generally being unregulated and outside of the moderator's jurisdiction. As many of you may or may not know, the moderators can ban users and remove comments, but cannot control who votes on posts. We cannot see who votes, nor can we stop organized vote manipulation on this level. Even banned users can vote, and that is something I truly need to underscore. This has been a long time problem by bad actors and shills, and now it poses to be a real problem with the Knights of New, since they are primarily self-appointed and could easily be infiltrated or impersonated by bad actors. This would be very bad for the sub as a whole, and terrible for anyone who is identifying as a Knight of New. + +I urge you to please report users who are pushing any vote manipulation, and please bring it to our attention if you discover organized efforts in off-reddit mediums such as Discord and Twitter. We like the idea, but cannot support the execution and nature of the Knights of New. Therefore, we are detaching ourselves entirely from the concept as mods. Thank you for understanding. + +If you ever received Knights of New flair, and would like to change it, mods will be happy to adjust, but since we can be rather busy, you can always comment !buckleup! to replace your current flair. + +# Community Awards Design Contest Update + +This is a really quick update. TLDR: We have been very busy with the anti-brigading issues of the sub, and [this contest](https://www.reddit.com/r/Superstonk/comments/o178u3/official_superstonk_community_awards_design/) has been delayed. However, we have received over 150 submissions, and plan to put the bracket together soon, but I am prioritizing these other important matters before this contest. I am hoping we can kick it off next week. Thank you for understanding. + +https://preview.redd.it/gtpdoe1e2k871.jpg?width=300&format=pjpg&auto=webp&s=af46e0bcb6f270fad1cb809da4cc9c8e5865159c + +# The Future of YouTube Channel + +Many of you were disappointed in one or two of our previous streams. We heard you and made serious changes. We are very proud of our new Monkey Business segment, which features local apes such as yourselves, and we have some exciting AMA guests we hope to bring on soon. However, we are prioritizing the moderating necessities of the subreddit itself, and hope to continue these side projects when we have the capacity. + +# Onward, and Upward 🚀 + +&#x200B; + +[Moass Effect: Legendary Edition](https://preview.redd.it/hpo9i0ug2k871.jpg?width=728&format=pjpg&auto=webp&s=1d7adc6e4584306881d8f5f5aefb2435968060c3) + +I want to again thank each and every one of you for your dedicated support and activity in r/Superstonk. We truly have grown at an incredible rate, and I can only remain excited for the future, despite some of the obstacles we've faced. It's been one crazy ride, and I hope this ride continues until we find ourselves past the moon, past Andromeda, and onward. TO THE MOON 🚀🚀🚀 +As the title states I've gotten my first taste of flipping and now have a little over 150k in cash. I would like to begin my next project (new builds or reno, even small communities like 3 or 4 townhouses ) however I don't want to use a hard money lender or finance the project with my actual liquid funds. + +I've read tons of blogs talking about using banks to grow the business.(using cash as collateral and such) but can't really find best next steps to iron out a business plan. I do have a LLC and would like to grow. i have some key vendors like, excavators, plumbers, electricians, painters and working to add more. + +I'm working out of Atlanta GA. (and surrounding Metro Area) + +Any advice would be greatly appreciated!! +I’m daytrading part time with profitable results. I’m probably 6-12 months away from considering doing it full time. I would be interested in hearing the stories of people who have done it successfully full time and any advice. +Just had my stomach turned by a charming ad in which Eamon Holmes encouraged me to release the equity in my home like it was the most casual, risk-free thing in the world. + +What are some other financially dangerous things going on in the UK which people and their families should look out for? +# Watch the clip: + +https://reddit.com/link/p9i4n1/video/vfj47sbz6yi71/player + +u/ringingbells brought to our attention last week that CNN has grossly misreported the facts surrounding the January trade restrictions. + +[The OP](https://preview.redd.it/vgha8new8yi71.png?width=1085&format=png&auto=webp&s=8e65d3fbaff3d34e5b8fdf9ee71e2659aca39206) + +CNN Business writer Matt Egan [wrote in his article dated February 1st, 2021](https://www.cnn.com/2021/02/01/investing/robinhood-gamestop-vlad-tenev) That Vlad Tenev simply bargained with the NSCC to lower the deposit requirement from $3B to $1.4B. + +[The article, with the inaccurate facts highlighted. Full article at https:\/\/www.cnn.com\/2021\/02\/01\/investing\/robinhood-gamestop-vlad-tenev ](https://preview.redd.it/9fmt46do9yi71.png?width=925&format=png&auto=webp&s=177b783aaf626484e614b83162f9c6a3f50fb7c4) + +But that's simply not the truth. The writer is quoting Vlad from a video call on the voice meeting platform ClubHouse, [in a chat hosted by Elon Musk, which has been reposted to Youtube here for your reference](https://www.youtube.com/watch?v=JpOgkO4qZTk&t=586s). The chat which Matt Egan is quoting goes into more detail: + +&#x200B; + +[The relevant part of the Vlad Tenev ClubHouse conversation, where Tenev says the deposit requirement was reduced to $700m \(not 1.4B\) in return for restricting trading in certain securities \(like GME\).](https://reddit.com/link/p9i4n1/video/l0kcn1atbyi71/player) + +In the conversation, Vlad says NSCC reduced the deposit requirement to $700m (not the $1.4B figure reported by CNN) **in direct return for restricting trading in certain securities (like GME) - A statement also not reported by CNN.** + +[Liar, Liar.](https://preview.redd.it/h9qvguu47yi71.png?width=1202&format=png&auto=webp&s=17df4aaf89e1e4babf11600d453eb73c65947fa6) + +Report the truth, CNN. [Even Gary Gensler thinks the number was 1.4 billion.](https://youtu.be/w8ptsNQMwVg?t=245) CNN's lies are a gross manipulation of the truth of what happened in January, and the article should be redacted and corrected. + +More on this by u/ringingbells: + +[Robinhood & Other Brokers Would Have Defaulted January 28, 2021 - The NSCC, as an enabler, saved them, while sacrificing retail, in allowing them to alter their margin charges by freezing stock buying - top priority: protecting too-big-to-fail clearinghouse - Retail's fault the NSCC didn't prepare](https://www.reddit.com/r/Superstonk/comments/p5k1lw/robinhood_other_brokers_would_have_defaulted/) + +[Still Blaming Vlad Tenev? How many times do I have to post this. THE DTCC, ENABLED BY THE SEC, SAVED ALL THE BROKERS BY LOWERING THE MARGIN CHARGES IN EXCHANGE FOR HALTING BUYING IN CERTAIN STOCKS. Vlad told Elon the truth and made a general vague statement to congress. The NSCC, SEC, and DTCC should be held accountable for striking this deal not only with Robinhood but with other brokers too. They are the ones to be pointing the fingers at, and CNN needs to report the truth of all this.](https://www.reddit.com/r/Superstonk/comments/p8inke/top_post_today_10k_karma_still_blaming_vlad_tenev/) + +# Credits for this week's episode of Weekend UpdAPE go to: + +u/Criand for his eternal wrinkliness and his [comment giving a spicy outlook on the next month or so](https://www.reddit.com/r/Superstonk/comments/p5agk2/and_so_we_enter_end_game/h94s72a/?utm_source=reddit&utm_medium=web2x&context=3) + +u/ringingbells for [ringing the bell on CNN's false statements](https://www.reddit.com/r/Superstonk/comments/p64se1/news_story_that_broke_here_first_on_superstonk/), & for helping to point out that [Robinhood & Other Brokers Would Have Defaulted January 28, 2021 - The NSCC, as an enabler, saved them, while sacrificing retail, in allowing them to alter their margin charges by freezing stock buying - top priority: protecting too-big-to-fail clearinghouse](https://www.reddit.com/r/Superstonk/comments/p5k1lw/robinhood_other_brokers_would_have_defaulted/) + +[Thank you to Darrin Bell for agreeing to hold an AMA in the WeAreAPE subbreddit](https://www.reddit.com/r/WeAreAPE/comments/ot3bru/coming_in_late_august_darrin_bell_the_pulitzer/) on August 22. His patreon page is /darrinbell. He's a father, an artist, and he is also a friend of the GME & retail investor community for helping bringing this issue to light through his art. + +u/BodySurfDan u/Siegli u/ShartMeDrawers u/ShipwreckDD u/Head-Loch u/TheExile7 Our musical guests, Matthew C. Vander Boegh & The Reddit All-Star Pirate Band, with their song "Song of The Apes", which is available on [Spotify](https://open.spotify.com/artist/1sSBFosJQXrCTvVjISIUl8). + +# Crew + +u/joncohenproducer \- Sound engineer, composer of our new Intro & Outro music. The intro slaps and hypes, and the outro is so lovely, it represents our group effort so well. Love it, great work! + +u/joeygallinal \- Vocalist, "Ape jungle noises" - I honestly thought we had a real monkey in the recording room + +u/artmagic95833 \- Producer, Tip, Script writer, Fact checking - Great work on the Dunkey sketch this week! His patreon page is /apemagic + +[u/justkeeplaughing](https://www.reddit.com/u/justkeeplaughing/) \- Producer, Production Director, Script writer, Voice Over Artist - "Jackie Tetas" - She also drew the lovely drawings in our credits, and provided that delicious recipe for Carnitas this week. Her patreon page is /justkeeplaughing + +[u/GlassGoose4PSN](https://www.reddit.com/u/GlassGoose4PSN/) \- Producer, Script writer, Director of Broadcast, 3D Animator, Motion Capture, Voice Over Artist - "Diamon Haanz". Patreon page is /glassgoose + +&#x200B; + +[Made with love, By Ape For Ape.](https://preview.redd.it/a4zc83fidyi71.jpg?width=2048&format=pjpg&auto=webp&s=a95a654b6e7ccaedf9e05cfb8aee7eafd74cc1bf) + +# Want to see more? This was just a clip from this week's episode. + +We make the UpdAPE show to Up Da Apes for the coming week with news, comedy, and community highlights. [This clip was from the APENEWS segment of Weekend UpdAPE. To see this week's full episode of Weekend UpdAPE, check out this thread.](https://www.reddit.com/r/Superstonk/comments/p8wl6o/weekend_updape_082121_cnn_is_put_on_notice_to/) Thanks for watching, and thanks for your support of our all-volunteer ape news & entertainment project. +So I’ll preface by saying I’m new to this. Doing a lot of research now to see if this is something worth pursuing. Ultimately, my goal is to create a stream of positive cash flow. I was thinking to start, I’d look at properties around the $150k mark. Assuming I’d qualify for a 20% down mortgage with a ~3% interest rate, for a property in Memphis TN (just using it as an example to calculate taxes) here are some of the numbers I’m getting from a mortgage calculator: + +Mortgage: $516 +Property Tax: $94 +Homeowner insurance: $233 +HOA Fees (big assumption here since I couldn’t find a way of getting at a good estimate): $100 +PM Fees (since this would be out of state and it dont want to manage): $150 (~10%) +Vacancy: $225 (~15%) +Maintenance: $150 (~10%) + +This would add up to $1,468 a month. Assuming rent on a $150k property is $1,500, this is a positive cash flow of $32. I think I’ve been fairly conservative in a lot of my estimates given what I’ve read, so I think I may have underestimated some of these fees which would probably bring down the cash flow to about 0. + +Am I way off on some of these assumptions and calculations or is this about right? +I have been served lots of ads on Facebook, and sometimes it is so tempting to just order something because of the "huge" discount, but then I remind myself that unless I really need something, my savings is 100% if I don't make that purchase. Also, be careful with those 0% financing deals. I saw that Tonal (smart home gym) priced their product at $2,750 for a normal purchase, but if you want 36 months financing at 0%, the price is $5,000+. So yeah, not really 0%. Even at the normal price, these "buy now pay later" purchases add up and can throw your budget out of whack. Please don't borrow money you don't have to buy things you don't REALLY need. Only buy fun things with money budgeted specifically for fun. + +So far, I have spent $30 on clothing this year, and stopped being a shopping addict. I find that you just need to find something that resonates with you to stop clicking that "Place Order" button. For me, it's trying to reduce the amount of waste and plastic being thrown into the environment. + +Happy Friday and smart shopping! +[Post 1: Basics: CALL, PUT, exercise, ITM, ATM, OTM](https://www.reddit.com/r/investing/comments/hdft5z/how_to_not_get_ruined_with_options_part_1_of_4/) + +[Post 2: Basics: Buying and Selling, the Greeks](https://www.reddit.com/r/investing/comments/hdg9xc/how_to_not_get_ruined_with_options_part_2_of_4/) + +**Post 3a: Simple Strategies** + +[Post 3b: Advanced Strategies](https://www.reddit.com/r/investing/comments/hgp05y/how_to_not_get_ruined_with_options_part_3b_of_4/) + +[Post 4a: Example of trades (short puts, covered calls, and verticals)](https://www.reddit.com/r/investing/comments/hlb9ns/how_to_not_get_ruined_with_options_part_4a_of_4/) + +[Post 4b: Example of trades (calendars and hedges)](https://www.reddit.com/r/investing/comments/hu8uh9/how_to_not_get_ruined_with_options_last_post_part/) + +`---` + +Ok. So I lied. This post was getting way too long, so I had to split in two (3a and [3b](https://www.reddit.com/r/investing/comments/hgp05y/how_to_not_get_ruined_with_options_part_3b_of_4/)) + +In the previous posts [1](https://www.reddit.com/r/investing/comments/hdft5z/how_to_not_get_ruined_with_options_part_1_of_4/) and [2](https://www.reddit.com/r/investing/comments/hdg9xc/how_to_not_get_ruined_with_options_part_2_of_4/), I explained how to buy and sell options, and how their price is calculated and evolves over time depending on the share price, volatility, and days to expiration. + +In this post 3a (and the next [3b](https://www.reddit.com/r/investing/comments/hgp05y/how_to_not_get_ruined_with_options_part_3b_of_4/)), I am going to explain in more detail how and when you can use multiple contracts together to create more profitable trades in various market conditions. + +Just a reminder of the building blocks: + +You expect that, by expiration, the stock price will … + +... go up more than the premium you paid → Buy a call + +… go down more than the premium you paid → Buy a put + +... not go up more than the premium you got paid → Sell a call + +... not go down more than the premium you got paid → Sell a put + +**Buying Straight Calls:** + +But why would you buy calls to begin with? Why not just buy the underlying shares? Conversely, why would you buy puts? Why not just short the underlying shares? + +Let’s take long shares and long calls as an example, but this applies with puts as well. + +If you were to buy 100 shares of the company ABC currently trading at $20. You would have to spend $2000. Now imagine that the share price goes up to $25, you would now have $2500 worth of shares. Or a 25% profit. + +If you were convinced that the price would go up, you could instead buy call options ATM or OTM. For example, an ATM call with a strike of $20 might be worth $2 per share, so $200 per contract. You buy 10 contracts for $2000, so the same cost as buying 100 shares. Except that this time, if the share price hits $25 at expiration, each contract is now worth $500, and you now have $5000, for a $3000 gain, or a 150% profit. You could even have bought an OTM call with a strike of $22.50 for a lower premium and an even higher profit. + +But it is fairly obvious that this method of buying calls is a good way to lose money quickly. When you own shares, the price goes up and down, but as long as the company does not get bankrupt or never recovers, you will always have your shares. Sometimes you just have to be very patient for the shares to come back (buying an index ETF increases your chances there). But by buying $2000 worth of calls, if you are wrong on the direction, the amplitude, or the time, those options become worthless, and it’s a 100% loss, which rarely happens when you buy shares. + +Now, you could buy only one contract for $200. Except for the premium that you paid, you would have a similar profit curve as buying the shares outright. You have the advantage though that if the stock price dropped to $15, instead of losing $500 by owning the shares, you would only lose the $200 you paid for the premium. However, if you lose these $200 the first month, what about the next month? Are you going to bet $200 again, and again… You can see that buying calls outright is not scalable long term. You need a very strong conviction over a specific period of time. + +**How to buy cheaper shares? Sell Cash Covered Put.** + +Let’s continue on the example above with the company ABC trading at $20. You may think that it is a bit expensive, and you consider that $18 is a more acceptable price for you to own that company. + +You could sell a put ATM with a $20 strike, for $2. Your break-even point would be $18, i.e. you would start losing money if the share price dropped below $18. But also remember that if you did buy the shares outright, you would have lost more money in case of a price drop, because you did not get a premium to offset that loss. If the price stays above $20, your return for the month will be 11% ($200 / $1800). + +Note that in this example, we picked the ATM strike of $20, but you could have picked a lower strike for your short put, like an OTM strike of $17.50. Sure, the premium would be lower, maybe $1 per share, but your break-even point would drop from $18 to $16.50 (only 6% return then per month, not too shabby). + +The option trade will usually be written like this: + +SELL -1 ABC 100 17 JUL 20 17.5 PUT @ 1.00 + +This means we sold 1 PUT on ABC, 100 shares per contract, the expiration date is July 17, 2020, and the strike is $17.5, and we sold it for $1 per share (so $100 credit minus fees). + +With your $20 short put, you will get assigned the shares if the price drops below $20 and you keep it until expiration, however, you will have paid them the equivalent of $18 each (we’ll actually talk more about the assignment later). If your short put expires worthless, you keep the premium, and you may decide to redo the same trade again. The share price may have gone up so much that the new ATM strike does not make you comfortable, and that’s fine as you were not willing to spend more than $18 per share, to begin with, anyway. You will have to wait for some better conditions. + +This strategy is called a cash covered put. In a taxable account, depending on your broker, you can have it on margin with no cash needed (you will need to have some other positions to provide the buying power). Beware that if you don’t have the cash to cover the shares, it is adding some leverage to your overall position. **Make sure you account for all your potential risks at all times.** The nice thing about this position is that as long as you are not assigned, you don’t actually need to borrow some money, it won’t cost you anything. In an IRA account, you will need to have the cash available for the assignment (remember in this example, you only need $1800, plus trading fees). + +**Let’s roll!** + +Now one month later, the share price is between $18 and $22, there are few days of expiration left, and you don’t want to be assigned, but you want to continue the same process for next month. You could close the current position, and reopen a new short put, or you could in one single transaction buy back your current short put, and sell another put for next month. Doing one trade instead of two is usually cheaper because you reduce the slippage cost. The closing of the old position and re-opening of a new short position for the next expiration is called rolling the short option (from month to month, but you can also do this with weekly options). + +The croll can be done a week or even a few days before expiration. Remember to avoid expiration days, and be careful being short an option on ex-dividend dates. When you roll month to month with the same strike, for most cases, you will get some money out of it. However, the farther your strike is from the current share price, the less additional premium you will get (due to the lower extrinsic value on the new option), and it can end up being close to $0. At that point, given the risk incurred, you may prefer to close the trade altogether or just be assigned. During the roll, depending on if the share price moved a bit, you can adjust the roll up or down. For example, you buy back your short put at $18, and you sell a new short put at $17 or $19, or whatever value makes the most sense. + +**Assignment** + +Now, let’s say that the share price finally dropped below $20, and you decided not to roll, or it dropped so much that the roll would not make sense. You ended up getting your shares assigned at a strike price of $18 per share. Note that the assigned share may have a current price much lower than $18 though. If that’s the case, remember that you earned more money than if you bought the shares outright at $20 (at least, you got to keep the $2 premium). And if you rolled multiple times, every premium that you got is additional money in your account. + +**Want to sell at a premium? Sell Covered Calls.** + +You could decide to hold onto the shares that you got at a discount, or you may decide that the stock price is going to go sideways, and you are fine collecting more theta. For example, you could sell a call at a strike of $20, for example for $1 (as it is OTM now given the stock price dropped). + +SELL -1 ABC 100 17 JUL 20 20 CALL @ 1.00 + +When close to the expiration time, you can either roll your calls again, the same way that you rolled your puts, as much as you can, or just get assigned if the share price went up. As you get assigned, your shares are called away, and you receive $2000 from the 100 shares at $20 each. Except that you accumulated more money due to all the premiums you got along the way. + +This sequence of the short put, roll, roll, roll, assignment, the short call, roll, roll, roll, is called the wheel. + +It is a great strategy to use when the market is trading sideways and volatility is high (like currently). It is a low-risk trade provided that the share you pick is not a risky one (pick a market ETF to start) perfect to get create some income with options. There are two drawbacks though: + +* If the share dropped too much, you are stuck with it. + +You will have to be patient for the share to go back up, but often you can end up with many shares at a loss if the market has been tanking. As a rule of thumb, if I get assigned, I never ever sell a call below my assignment strike minus the premium. In case the market jumps back up, I can get back to my original position, with an additional premium on the way. Market and shares can drop like a stone and bounce back up very quickly (you remember this March and April?), and you really don’t want to lock a loss. + +Here is a very quick example of something to not do: Assigned at $18, current price is $15, sell a call at $16 for $1, share goes back up to $22. I get assigned at $16. In summary, I bought a share at $18, and sold it at $17 ($16 + $1 premium), I lost $1 between the two assignments. That’s bad. + +* If the share goes up too fast, you missed some opportunity for gain, potentially big gains. + +You will have to find some other companies to do the wheel on. If it softens the blow a bit, your retirement account may be purely long, so you’ll not have totally missed the upside anyway. + +A short put is a bullish position. A short call is a bearish position. Alternating between the two gives you a strategy looking for a reversion to the mean. Both of these positions are positive theta, and negative vega (see part 2). + +Now that I explained the advantage of the long calls and puts, and how to use short calls and puts, we can explore a combination of both. + +**Verticals** + +Most option beginners are going to use long calls (or even puts). They are going to gain some money here and there, but for most parts, they will lose money. It is worse if they profited a bit at the beginning, they became confident, bet a bigger amount, and ended up losing a lot. They either buy too much (50% of my account on this call trade that can’t fail), too high of a volatility (got to buy those NKLA calls or puts), or too short / too long of an expiration (I don’t want to lose theta, or I overspent on theta). + +As we discussed earlier, a straight long call or put is one of the worst positions to be in. You are significantly negative theta and positive vega. But if you take a step back, you will realize that not accounting for the premium, buying a call gives you the upside of stock up to the infinity (and buying a put gives you the upside of the stock going to $0). But in reality, you rarely are betting that the stock will go to infinity (or to $0). You are often just betting that the stock will go up (or down) by X%. Although the stock could go up (or down) by more than X%, you intuitively understand that there is a smaller chance for this to happen. Options are giving you leverage already, you don’t need to target even more gain. + +**More importantly, you probably should not pay for a profit/risk profile that you don’t think is going to happen.** + +Enter verticals. It is a combination of long and short calls (or puts). Say, the company ABC trades at $20, you want to take a bullish position, and the ATM call is $2. You probably would be happy if the stock reaches $25, and you don’t think that it will go much higher than that. + +You can buy a $20 call for $2, and sell a $25 call for $0.65. You will get the upside from $20 to $25, and you let someone else take the $25 to infinity range (highly improbable). The cost is $1.35 per share ($2.00 - $0.65). + +BUY +1 VERTICAL ABC 100 17 JUL 20 20/25 CALL @ 1.35 + +This position is interesting for multiple reasons. First, you still get the most probable range for profitability ($20 to $25). Your cost is $1.35 so 33% cheaper than the long call, and your max profit is $5 - $1.35 = $3.65. So your max gain is 270% of the risked amount, and this is for only a 25% increase in the stock price. This is really good already. You reduced your dependency on theta and vega, because the short side of the vertical is reducing your long side’s. You let someone else pay for it. + +Another advantage is that it limits your max profit, and it is not a bad thing. Why is it a good thing? Because it is too easy to be greedy and always wanting and hoping for more profit. The share reached $25. What about $30? It reached $30, what about $35? Dang it dropped back to $20, I should have sold everything at the top, now my call expires worthless. But with a vertical, you know the max gain, and you paid a premium for an exact profit/risk profile. As soon as you enter the vertical, you could enter a close order at 90% of the max value (buy at $1.35, sell at $4.50), good till to cancel, and you hope that the trade will eventually be executed. It can only hit 100% profit at expiration, so you have to target a bit less to get out as soon as you can once you have a good enough profit. This way you lock your profit, and you have no risk anymore in case the market drops afterwards. + +These verticals (also called spreads) can be bullish or bearish and constructed as debit (you pay some money) or credit (you get paid some money). The debit or credit versions are equivalent, the credit version has a bit of a higher chance to get assigned sooner, but as long as you check the extrinsic value, ex-dividend date, and are not too deep ITM you will be fine. I personally prefer getting paid some money, I like having a bigger balance and never have to pay for margin. :) + +Here are the 4 trades for a $20 share price: + +CALL BUY 20 ATM / SELL 25 OTM - Bullish spread - Debit + +CALL BUY 25 OTM / SELL 20 ATM - Bearish spread - Credit + +PUT BUY 20 ATM / SELL 25 ITM - Bullish spread - Credit + +PUT BUY 25 ITM / SELL 20 ATM - Bearish spread - Debit + +Because both bullish trades are equivalent, you will notice that they both have the same profit/risk profile (despite having different debit and credit prices due to the OTM/ITM differences). Same for the bearish trades. Remember that the cost of an ITM option is greater than ATM, which in turn is greater than an OTM. And that relationship is what makes a vertical a credit or a debit. + +I understand that it can be a lot to take in. Let’s take a step back here. I picked a $20/$25 vertical, but with the share price at $20, I could have a similar $5 spread with $15/$20 (with the same 4 constructs). Or instead of 1 vertical $20/$25, I could have bought 5 verticals $20/$21. This is a $5 range as well, except that it has a higher probability for the share to be above $21. However, it also means that the spread will be more expensive (you’ll have to play with your broker tool to understand this better), and it also increases the trading fees and potentially overall slippage, as you have 5 times more contracts. Or you could even decide to pick OTM $25/$30, which would be even cheaper. In this case, you don’t need the share to reach $30 to get a lot of profit. The contracts will be much cheaper (for example, like $0.40 per share), and if the share price goes up to $25 quickly long before expiration, the vertical could be worth $1.00, and you would have 150% of profit without the share having to reach $30. + +If you decide to trade these verticals the first few times, look a lot at the numbers before you trade to make sure you are not making a mistake. With a debit vertical, the most you can lose per contract is the premium you paid. With a credit vertical, the most you can lose is the difference between your strikes, minus the premium you received. + +**One last but important note about verticals:** + +If your short side is too deep ITM, you may be assigned. It happens. If you bought some vertical with a high strike value, for example: + +SELL +20 VERTICAL SPY 100 17 JUL 20 350/351 PUT @ 0.95 + +Here, not accounting for trading fees and slippage, you paid $0.95 per share for 20 contracts that will be worth $1 per share if SPY is less than $350 by mid-July, which is pretty certain. That’s a 5% return in 4 weeks (in reality, the trading fees are going to reduce most of that). Your actual risk on this trade is $1900 (20 contracts \* 100 shares \* $0.95) plus trading fees. That’s a small trade, however the underlying instrument you are controlling is much more than that. + +Let’s see this in more detail: You enter the trade with a $1900 potential max loss, and you get assigned on the short put side (strike of $350) after a few weeks. Someone paid expensive puts and exercised 20 puts with a strike of $350 on their existing SPY shares (2000 of them, 20 contracts \* 100 shares). You will suddenly receive 2000 shares on your account, that you paid $350 each. Thus your balance is going to show -$700,000 (you have 2000 shares to balance that). + +If that happens to you: **DON’T PANIC. BREATHE. YOU ARE FINE.** + +You owe $700k to your broker, but you have roughly the same amount in shares anyway. You are STILL protected by your long $351 puts. If the share price goes up by $1, you gain $2000 from the shares, but your long $351 put will lose $2000. Nothing changed. If the share price goes down by $1, you lose $2000 from the shares, but your long $350 put will gain $2000. Nothing changed. Just close your position nicely by selling your shares first, and just after selling your puts. Some brokers can do that in one single trade (put based covered stock). Don’t let the panic set in. Remember that you are hedged. Don’t forget about the slippage, don’t let the market makers take advantage of your panic. Worst case scenario, if you use a quality broker with good customer service, call them, and they will close your position for you, especially if this happens in an IRA. + +The reason I am insisting so much on this is because of last week’s [event](https://www.thestreet.com/investing/young-robinhood-trader-kills-himself-over-730000-loss). Yes, the RH platform may have shown incorrect numbers for a while, but before you trade options you need to understand the various edge cases. Again if this happens to you, don’t panic, breathe, and please be safe. + +This concludes my post 3a. We talked about the trade-offs between buying shares, buying calls instead, selling puts to get some premium to buy some shares at a cheaper price, rolling your short puts, getting your puts assigned, selling calls to get some additional money in sideways markets, rolling your short calls, having your calls assigned too. We talked about the wheel, being this whole sequence spanning multiple months. After that, we discussed the concept of verticals, with bullish and bearish spreads that can be either built as a debit or a credit. + +And if there is one thing you need to learn from this, avoid buying straight calls or puts but use verticals instead, especially if the volatility is very high. And do not ever sell naked calls, again use verticals. + +The [next](https://www.reddit.com/r/investing/comments/hgp05y/how_to_not_get_ruined_with_options_part_3b_of_4/) post will explain more advanced and interesting option strategies. + +`---` + +[Post 1: Basics: CALL, PUT, exercise, ITM, ATM, OTM](https://www.reddit.com/r/investing/comments/hdft5z/how_to_not_get_ruined_with_options_part_1_of_4/) + +[Post 2: Basics: Buying and Selling, the greeks](https://www.reddit.com/r/investing/comments/hdg9xc/how_to_not_get_ruined_with_options_part_2_of_4/) + +**Post 3a: Simple Strategies** + +[Post 3b: Advanced Strategies](https://www.reddit.com/r/investing/comments/hgp05y/how_to_not_get_ruined_with_options_part_3b_of_4/) + +[Post 4a: Example of trades (short puts, covered calls, and verticals)](https://www.reddit.com/r/investing/comments/hlb9ns/how_to_not_get_ruined_with_options_part_4a_of_4/) + +[Post 4b: Example of trades (calendars and hedges)](https://www.reddit.com/r/investing/comments/hu8uh9/how_to_not_get_ruined_with_options_last_post_part/) +ETH is already a tradeable pair towards most alts on most exchanges, it can handle more transactions (and already does), has almost all the same FIAT deposit options as BTC and most importantly we have a strong development team that stands united facing scaling this project as well as developing it. (just look at this s2x drama with core, the mining mafia etc) + +The more I think about it I come up with many reasons why ETH is just better than BTC and can absorb large amounts of money (which no coin is capable of atm except for BTC/ETH). However there is no real reason why BTC should keep its position. Especially if ETH moves to a full POS concept it is just superior in every way. + +Provide me with any arguments against. +Hope everyone is having a wonderful Saturday morning, thought you may enjoy the exchange I had this morning with my mom, it made me chuckle. + +I'm laying in bed with my head pounding from the copious amounts of alcohol consumed the night before and my phone rings. + +"Hey Mom what's up?" + +No greeting or anything just: "do you have bitcoin, litecoin, or ethereum?" + +"I have all 3, why?" + +"Cause some of my students (she's a college professor) have been talking about them, and they helped me set up a coinbase. I'm gonna buy some." + +"Have you researched any of these at all?" + +"No, that's why I had you 28 years ago, what percentages do you have?" + +"Uhh huh.... well I'm 40% ETH, 25% LTC, 10%BTC, and the rest is spread out among other coins." + +"Not possible, coinbase only has these 3 coins!" + +"Fuuuuuck mom, just buy ethereum. And spend the day googling stuff about crypto, ask me questions as you find them, I'm going back to bed." + +"Ok, I just bought a ethereum!" + +But moral of this pointless story is: we should be shooting up, her last major investment was Amazon in 2013. She's lucky as hell with her money. +Recently at least in this context meaning within the last year or so. I'm interested to know if anyone has quit their job to be a full-time trader and what the criteria was for doing so. like about how much were you making at your job in about how much did you have to start making trading to be able to quit and still sufficiently provide for yourself. + +How long did it take you to get to that point and was it in your plans initially when you began trading to trade full-time? + +About how many hours a day do you spend on trading? And also what is your end goal in terms of trading and other financial income sources? + +I definitely don't want to sound naive like I'm trying to do this super quick and get to be a full-time trader within three months like some people think might happen. But I just want to get some sort of an idea of what your expectations were and what happened. Thanks in advance for any input!! +https://techcrunch.com/2018/04/25/ford-to-stop-selling-every-car-in-north-america-but-the-mustang-and-focus-active/ + +And their press release + financials... +https://media.ford.com/content/dam/fordmedia/North%20America/US/2018/04/25/1q18-financials.pdf +I have been seeing more and more political opinionated posts/comments/arguments this past week, and I want to remind y’all of something. This is not left vs. right, this isn’t even top vs. bottom (having money doesn’t make you evil, but as we’ve seen, it corrupts weak minds). + +This is corruption vs. its victims + +If you want to play politics, and fall into the trap of pointing your finger at your neighbor, go into the blackhole of the politics sub. Corruption transcends political parties. An example being Mayo boy backs one party, while SBF backs another. The only commonality is their devotion to dividing the public. If you think for one second that they give the slightest fuck about anything other than making sure they can continue to put their hand in your pocket, you are dead wrong. + +“If you make people uniform, you can control them. If you teach people to read, and think, and question things, you lose control. So, the best idea is to separate people if you wish to maintain a monetary system. It's called divide and conquer. By dividing people, they're not a threat, you can control them.” +- Jacque Fresco + +Edit 1: Thank you for the awards and positive reception 💜. Also, I’d like to mention my abbreviation of SuperStonk as “SS” in the title, as brought up to me by a few people. This was an honest mistake - sorry about that. Will not do that again. + +Edit 2: Apparently some people think this post was meant to deter any political/policy discussion. For those that think that, please read the post again. This post was meant to re-instill the age old “ape no fight ape” mentality - that’s all. I am well aware that politics and policies play a major role in the developing timeline of GME (and should be discussed, just not hatefully towards each other). Those that are drawing any other absurd conclusions from this are either instigating, or simply didn’t read the post. +After working my ass off since college, I FIREd from my job in August 2013, at age 48. I then spent the next ~4.5 years fucking around, which is what I always wanted to do my entire life. +I puttered around the house, I gardened, learned guitar, ran a 10k, hiked with my dog 3x/week, went into therapy, got stoned, got massages, and spend a lot of time on PornHub. +On January 1, 2018 I started working again for a startup company. So, it's been one year working there, and I absolutely love it. I mean, I essentially got a 4.5 year vacation. Then I decided to go back to work because I craved the challenge, the stimulation, interaction with intelligent people, etc. But I can tell you that this time it's different. I don't HAVE to work. If the company goes belly-up, I'll still be fine. This freedom alleviates the pressure I used to feel. The worst thing that can happen to me is maybe I get fired, in which case I'll go right back to hiking and playing guitar. Ironically, I've been working harder and producing more than I ever used to. I love it! I want to succeed, but this time, it is just for the sake of succeeding for ME. +Context: married 49 year olds 3 kids youngest starts college in fall. Have 6 bedroom house including basement in-law suite in nice neighborhood with good school district. No mortgage and no other debt. The house was worth about $650K not long ago but realtor now thinks upper $700s due to no inventory in our area and high demand. This seems insane to me (if I am considering the purchase from buyer's perspective.) Should we strike with the iron is hot and "dump this pig?" + +We don't need the space anymore and we don't need the school district. All 4 of our parents are now gone so we no longer need the in-law suite either. + +Further context/goals: + +I also own a home in Costa Rica (no mortage) which is where we plan to move once kids are a little further out of the nest. We just bought another larger piece of land in Costa Rica and we plan to build our "dream" home for retirement. We need several hundred thousand dollars to build the house we want. We will live in the current Costa Rica house when building the dream house so we can supervise construction. This was 2-3 years out but if we sell the primary residence we could start construction sooner. + +We have about $1.9M in retirement accounts, $300K in non-qualified investments plus kids college money is already set aside. + +The downside to selling is that we are not quite ready to completely move our lives to Costa Rica and apply for residency. We will need a place in the US for at least another 1-2 years I think to further set up for FatFire, get the kids well on their way, and for me to get set up to be an absentee business owner. We would have to either buy something smaller or just rent. + +To buy something smaller kind of defeats part of the purpose of being a seller in a seller's market so we are thinking to maybe just rent for a year and see how it goes. If the real estate market pulls back (or crashes) we could maybe pick up a condo to keep long term to have a "base" in the US. On the other hand our kids are heading all over the country so there is no need to stay in our original area. + +So.....sell the house? Be a renter when trying to FIRE? Seems counter-intuitive but givn the circumstances? + +I would be concerned about up-ending our youngest in her senior year of high school but COVID has already done all the upending that is possible and there is little more harm that can be done. + +Any general thoughts/predictions about what the real estate market will do? Seems that interest rates will be held down for some while which may support values but....so little inventory right now and homes are selling instantly for above ask. +# COVINU the next meme coin to know + +After fans of the cryptocurrency touted April 20, long an unofficial holiday for marijuana devotees, as “Doge Day”, most investors became almost sick with countless rugs. Now this is over and Covinu the savior of the rug pandemic is here and promises a rug free way to the moon. + +# ✅Tokenomics + +Total supply : 500,000,000 $Covinu + +Redistribution: 5% redistribution to all holders on each transfer / trade + +Presale to raise liquidity: 128,250,000 $Covinu = 20 liquidity providers in order to spread the wallets = 'presale' = 26,2799% / no of liq providers + +&#x200B; + +# LIQUIDITY IS LOCKED! + +🔐Lock : [https://unicrypt.network/amm/uni/pair/0x291bbf56b67a2185126f99a3bbb97850fd568685](https://unicrypt.network/amm/uni/pair/0x291bbf56b67a2185126f99a3bbb97850fd568685) + +——————————— + +🌐Website : WILL BE LIVE IN 8 HOURS! + +&#x200B; + +🦜Twitter : [https://twitter.com/hicovinu](https://twitter.com/hicovinu) + +📑Contract : [https://etherscan.io/token/0x550a903dcab8ce2a1e464a70a5a1f73a156ad3a8](https://etherscan.io/token/0x550a903dcab8ce2a1e464a70a5a1f73a156ad3a8) + +🍰Uniswap : [https://app.uniswap.org/#/swap?inputCurrency=0x550a903dcab8ce2a1e464a70a5a1f73a156ad3a8&outputCurrency=ETH](https://app.uniswap.org/#/swap?inputCurrency=0x550a903dcab8ce2a1e464a70a5a1f73a156ad3a8&outputCurrency=ETH) + +📈Dextools : [https://www.dextools.io/app/uniswap/pair-explorer/0x291bbf56b67a2185126f99a3bbb97850fd568685](https://www.dextools.io/app/uniswap/pair-explorer/0x291bbf56b67a2185126f99a3bbb97850fd568685) + +🔐Lock : [https://unicrypt.network/amm/uni/pair/0x291bbf56b67a2185126f99a3bbb97850fd568685](https://unicrypt.network/amm/uni/pair/0x291bbf56b67a2185126f99a3bbb97850fd568685) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +So I tried this before and people totally misunderstood and it got removed. So I'll try to be more specific. + +If you own a car that qualifies for uber, sign up. You get a ton of discounts on tires and car maintenance as long as you complete one trip. + +Once you are a registered driver, if you ever hit a patch where you are broke and hungry, or short on rent or whatever, you can turn the app on, and have some cash in your bank account one min after finishing a trip. It's a godsend if you have a quarter tank of gas and no money. You can turn that quarter tank of gas into like $130 after fuel cost in around 8 hours. + +This is by no means a viable way to earn a living full time, but if your family is going to go to sleep for dinner, or the landlord is kicking you out or you overdrafted your bank account or whatever has happened it can get you through. It paid my mortgage last month. + +Many people will tell horror stories about a friend of a friend who got screwed Or whatever. Remember, uber insures your passenger, not your car, and not if you are intoxicated in any way. + +It took me 10 days to get my background check back, so if you get approved now, you have a fallback paycheck just in case. + +For me right now, having a bit of income from driving is giving me the chance to find the right new job, not just the first one. + +Obligatory not a corporate shill, literally any job that pays $12 an hour pays more than uber does after gas, oil changes, and car maintenance. But when the doodoo hits the fan, it can prevent the poo pile from snowballing. +I got a bonus for getting a guy hired here a few months ago and threw it on a debt from my divorce. It put the payoff in reach in ways I hadn't dared dream. + +Thanks to some hustles and side gigs and eBay auctions, I just paid it off this morning. Now, my biggest monthly (debt-related) bill is dead and I can actually start my debt snowball for real. + +My head is about to break the surface, y'all. I'm about to take a big, big breath. +Markets been pulling back a lot seems earnings have been a coin toss if the stock goes up or down 20% in 5 minutes the last couple weeks. This volatility has brought a lot of new value prospects onto the market though. Do you have any picked you are thinking of loading up on? +I don't mean the company or the results they talked about, but rather the information they present and how they present it. + +&#x200B; + +I was reading Swatch's annual report yesterday and I started to get a headache and couldn't believe how dismissive they were of bad performance. + +&#x200B; + +After bashing my head against that wall for a while I start reading Adidas's, and they show their strategy, performance outlook and anything you could wish for so clearly. They even added a 10 year summary. And I know quite a few companies do this. but they not only covered the usual income statement, but also Margins, ROE, and a lot more. A tear almost rolled down my eye + +&#x200B; + +Links for reference: + +Swatch - [https://www.swatchgroup.com/sites/default/files/media-files/annual-report21\_en\_complete.pdf](https://www.swatchgroup.com/sites/default/files/media-files/annual-report21_en_complete.pdf) + +Adidas - [https://www.adidas-group.com/media/filer\_public/ad/a3/ada3f4a0-4751-484d-b053-f2b2b78b2e30/ar21\_en.pdf](https://www.adidas-group.com/media/filer_public/ad/a3/ada3f4a0-4751-484d-b053-f2b2b78b2e30/ar21_en.pdf) +I just finished Dale Carnegie's Quick and Easy way to Effective Speaking, and before that I was reading Charles Mackay's Extraordinary Popular Delusions and the Madness of Crowds. + +Both were worthwhile. Carnegie has an easy style, not verbose, lots of stories, lots of substance. Fast read, but very worthwhile. Mackay's stories are also fascinating, but very wordy and a bit repetitive. I had no idea how many different Crusades happened during "The Crusades". Plenty of interesting history of financial and non-financial hysteria's alike. + +I'm currently on No Two Alike by Judith Rich Harris. So far it's very good, and easy reading. + +*What book you're currently reading, what did you recently finish, are they worthwhile, and what's in your yet-to-read stack?* +Still couldn't find amazon post in this sub, wanted to discuss. These are amazing numbers. It has been consolidating in this range for past 7 months. Ready to shoot up and find new base. Shares went up almost 5% after hours and strangely closed red on Friday. + +EPS: $15.79 vs. $9.54 expected + +Revenue: $108.52B vs. $104.47B expected + +Outside NA growth almost doubled and also increased their guidance for next quarter + +Aggregated price target is now raised to $4100 and highest being $5500. + +some more info + +In 2020, Amazon invested heavily on coronavirus-related measures like safety protocols and wage increases for front-line workers. As a result of these costs, Amazon last quarter forecast operating income of $3 billion to $6.5 billion in the current period. Those coronavirus-related costs are expected to slow this year, although on Wednesday, Amazon said it would spent more than $1 billion on pay raises for more than half a million of its U.S. operations workers. + +[https://www.cnbc.com/2021/04/29/amazon-amzn-earnings-q1-2021.html](https://www.cnbc.com/2021/04/29/amazon-amzn-earnings-q1-2021.html) +Full disclosure, I've invested in this position and it represents 8% of my portfolio. + +While its clear that there's a love affair between REITs and Canadian investors, this sub has its favorites. Namely RioCan. + +Here's 4 good reasons to consider Nexus REIT (NXR.UN) as an alternative. + +&#x200B; + +**Graduate to TSX** + +NXR is currently on the TSX.V. It's expected to graduate to the TSX on January 26th, and to a 4 to 1 share consolidation. With its valuation just north of 210 million dollars, low price point, it should be an attractive target for the new market it will be open to: institutional investors. While this is pure speculation, we can expect some institution to join in at some degree. Canadian trust and retirement funds are too intertwined for this *not* to happen. + +**NOI and revenue** + +Net Operating Income. Probably the greatest KPI of them all in real estate. NOI YTD20 rose about 4.4 percent versus 19, while showing signs of slowing down in Q3 as it regressed by 3.7%. This downturn is in line with the gap between the first and current federal aid program to business rental. It will be interesting to see how this downturn will be recovered as its unclear the ratio that was deferred versus entirely lost. To give you some perspective, RioCan's NOI YTD is down 9.1% while Q3 alone is down 6% versus 2020. + +**Mitigated exposure to retail** + +Retail, in my humble opinion, is the riskiest investment right now, with the threat of ecommerce, COVID keeping store closed and the general direction of the market. While still owning retail space, their exposure remains limited. First, bulk of their retail is for essential services (groceries, restaurants, strip malls), which have a tendency to remain open and be *immune* to online market trends. Those retails space are mostly above 80% occupancy rate with more than 3 years average lease remaining. Also, they do not own and operate those locations alone, as they are only 50% owners, further reducing retail related risk. + +**Dividend yield** + +During the Q3 financial report, they confirm the dividend yield would remain at $0.16 per share, and that it too will be consolidated 4 to 1 when the TSX graduation will be complete. Meaning an annual $0.64 per share, paid monthly (0.0533 per unit per month). This would be a yield of about 8%, which is comparable to RioCan (8.2%) and SmartCenters (7.96%). + +&#x200B; + +Source: + +[Nexus REIT investment new page](https://www.nexusreit.com/nexus-reit-news.aspx) + +[Nexus REIT Q3 details](https://www.nexusreit.com/docs/news/Nexus%20REIT%20MDA%20Sept%2030,%202020%20-%20Final.pdf) + +[Yahoo Finance article stating the graduation to TSX and 4 to 1 consolidation](https://ca.finance.yahoo.com/news/nexus-reit-announces-q3-2020-020000134.html) + +[RioCan Q3 results](https://www.globenewswire.com/news-release/2020/10/29/2116718/0/en/RioCan-Announces-Third-Quarter-Results-for-2020.html) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +EDIT: Thanks everyone for replying. Now, I think our Compliance/Legal department is confusing two terms - Exchange fund x Exchange traded fund. + +https://www.investopedia.com/terms/e/exchange-fund.asp + +A bit of context: + +* I work for a company that's publicly traded in the US. +* I am a designated Insider due to my access to the company's data. +* I invest in multiple ETFs but none of them holds my company's stock. +* I want to invest in iShares MSCI Core World where stocks of the company I work for are part of the portfolio. The weight is less than 0.5% of all holdings. + +As an Insider, I am allowed to trade the company's stock only during open trading windows so I thought the same policy should be applied to ETFs. I wanted to be 100% certain so I reached out to our Compliance department and they told me that trading ETFs is form of hedging; and as such is strictly prohibited. This applies to all employees, not only Insiders. They stated that I cannot invest in ETFs with the company's stock even inside the open trading windows. + +I am really confused. How is investing in ETFs considered a form of hedging if I invest in standard ETFs, no leveraged or inverted ETFs? How is it different from buying the company's stock on the open market, which I am allowed to do as long as it's not during blackout windows? Do they misunderstand the term ETF, or am I missing something? + +Anyone in a similar position? What's your experience? +I'm from Slovenia. My parents have 100,000 EUR savings in their bank accounts. They want to buy a new house with this money, but won't do it for another year because of personal reasons. + +They are afraid of losing this money (primarily because of all the talk about upcoming inflation) and have asked me to get some advice on the safest way to preserve it until they buy the house with it. They are discussing exchanging the EUR savings into Swiss francs, which they perceive as a safer currency. + +What would be your advice? What would be the safest way to preserve the money you have (in Europe) for a year if you don't want any additional profit, and only want to minimize the dangers of losing its value? +Hi AusFinance, + +Event: Basically, a big developer like Meriton is attempting to buy out 3 apartment's and the underlying land to build a newer apartment complex. + + +So far from talking to others and some real estate agents I have gathered the following: + +\- if at least 75% of the occupants agree to the buyout, everyone in the apartment complex is forced to sell +\- Often these big developers may bump up the selling price to 10-20% to incentivise current owners of the apartment to sell + + +I wanted to ask if anyone here has ever experienced this event before, and how I as a current owner can maximise my profits from selling. Should I gather the other owners in my apartment complex and agree on a certain price to sell that is above market value, not sure how these things work. + + +Any advice or even anecdotes is appreciated as this event is something i'm very unfamiliar with +hey guys. + +So I wouldn't say I'm a novice. I've done my backtests, made a few profitable algos I've done things so independently that when I visit something like quant stackex, I really see its so beyond me right now. + +I'm wondering for people that frequent that site, what is required to participate in that level of discussion? + +I can't say I would shoot for it right now with so much on my plate BUT I would like to at least know the kind of stuff that's being dealt with. + +I see a lot of help/recs in the side bar which is great, however, I'm still not sure if those would be reaching that level or not. +Going to start with some of those recommendations, but it will be nice to maybe bookmark this thread to eventually come back to if I've read through some of those within this coming year. + +Thanks! +[Source 1](https://finance.yahoo.com/news/intel-intc-q2-earnings-revenues-212509924.html), [Source 2](https://d1io3yog0oux5.cloudfront.net/_c871574f7a6bcf254c9a016f657cf6a7/intel/db/887/8856/earnings_release/Q2+22_EarningsRelease+%281%29.pdf) + +* EPS: $.29 vs vs $.70 expected +* Revenue: $15.3 billion vs. $18 billion expected + +Market | Q2 2022 | Year over Year +:--|:--:|--: +Client Computing Group | $7.7 Billion | down 25% +Datacenter and AI Group | $4.6 Billion | down 16% +Network and Edge Group | $2.3 Billion | up 11% +Accelerated Computing Systems and Graphics Group | $186 Million | up 5% +Mobileye | $460 Million | up 41% +Intel Foundry Service | $122 Million | down 54% + + + +Details: + +* Intel’s Client Computing and Datacenter and AI Groups were impacted by continued adverse market conditions; Network and Edge Group and Mobileye achieved record quarterly revenue. +* Full-year revenue guidance was from from $68 billion to $65 billion; reiterating full-year adjusted free cash flow guidance. +* Intel made significant progress during the quarter on the ramp of Intel 7 which is now shipping in aggregate over 35 million units. The company expects that Intel 4 will be ready for volume production in the second half of 2022 and is at or ahead of schedule for Intel 3, 20A and 18A. +* IFS recently announced a strategic partnership with MediaTek to manufacture chips for smart edge devices using Intel process technologies. During the quarter, Intel also launched the IFS Cloud Alliance, the next phase of its accelerator ecosystem program that will enable secure design environments in the cloud. +* In the second quarter, CCG launched the 12th generation Intel® Core™ HX processors, the final products in Intel’s Alder Lake family, which is now powering more than 525 designs. +* In DCAI, Intel expanded its supply agreement with Meta, leveraging its IDM advantage so that Meta can meet its expanding compute needs. In the quarter, Intel agreed to expand its partnership with AWS to include the co-development of multi-generational data center solutions optimized for AWS infrastructure, and Intel as a strategic customer for internal workloads, including EDA. Intel expects these custom Intel® Xeon® solutions will bring greater levels of differentiation and a durable TCO advantage to AWS and its customers, including Intel. In addition, NVIDIA announced its selection of Sapphire Rapids for use in its new DGX-H100, which will couple Sapphire Rapids with NVIDIA's Hopper GPUs to deliver unprecedented AI performance. +* NEX achieved record revenue and began shipping Mount Evans, a 200G ASIC IPU, which was codeveloped and is beginning to ramp with a large hyperscaler. In addition, the Intel® Xeon® D processor is ramping with leading companies across industries. +* AXG shipped Intel’s first Intel® Blockscale ASIC, and the Intel® Arc A-series GPUs for laptops began shipping with OEMs, including Samsung, Lenovo, Acer, HP and Asus. +* Mobileye achieved record revenue in the quarter with first half 2022 design wins generating 37 million units of projected future business. +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. +Hi there! + +My parents lost everything about 10 years ago and split up. My Dad hasn't been able to work and lives with his Mum, my Grandmother, in her flat. My Mum rents a bungalow for my over-18 brother. Neither of them have a penny to their name. + +Not owning a property stresses them and me out no end. I'm wondering if there is any kind of a mortgage that they'd be able to apply for. Both of them have some money in their pension that would allow them to use as a deposit on a property. I'm not looking for them to own a property so that I get an inheritance, it's just that my grandma could pop off soon (89 years old) and her mortgage is equity release so my Dad will receive little in inheritance from her. I want them to own a property so that they have security. My Mum's salary is about £30k. + +I've been working my arse off to try and buy them both a place (even if they have to live together) but I'm only 24 and my partner wants us to buy us a flat/house first (put your own oxygen mask on first). + +Additionally, I've been bailing my family out of financial fires since I started working at 16 and I'm tired and I just want to see them in a property in which they can live comfortably and securely, even if when they retire I have to cover the mortgage payments for them until they pop their cloggs. + +They're 58 & 60 respectively. I'm exhausted and any answers would be very much appreciated. + +Thank you +I have plenty of time to kill and I am reading a lot of annual reports as a result. I read Chipotle and Amazons earlier 10-ks and they are very insightful. Im now looking for Indian companies, any suggestions? + +edit: the fuck is wrong with this sub? downvoting genuine discussions? seems like mods prefer countless MF and PPF type noob questions. +I have plenty of time to kill and I am reading a lot of annual reports as a result. I read Chipotle and Amazons earlier 10-ks and they are very insightful. Im now looking for Indian companies, any suggestions? + +edit: the fuck is wrong with this sub? downvoting genuine discussions? seems like mods prefer countless MF and PPF type noob questions. +Hi, + +A few days ago I posted a comment(in a subreddit) saying I could code up a twitter bot to tweet back Moving Averages and other details of stocks. + +I have almost finished it up. It is now capable of answering(it is not live as yet, sandbox mode), still testing it though: + +1- Buy/Sell/Hold - Ready + +2- Moving averages - Ready + +3- Setting alerts for you, i.e. it will mention you and remind when event triggers, it can be price crossing a certain point, or price at a particular time in the future. + +(Unsure whether to add this, it is a bit of a data hog) + +4- Updating you based on your list of shares about results(Upcoming date). + +(Still testing this part) + +5- A very very useful feature which I am still pondering whether to start now or after some time. + +I am looking for more suggestions or advice on things you would like me to add in. + +TIA + +&#x200B; + +PS: Mods I am not sure if this counts as self-promotion, if it does please remove it. +There are so many posts focused purely on money here. I thought this would be nice for people that have already retired early. + +Where (city, country, etc) do you want to retire early and why? There was an interesting discussion on NYC vs. other cities in the world that might be interesting in a fatFiRe context. +As im studying more economics,it very much seems more like learning a set of tools/framework to approach a given question, not necessarily changing my mindset(unless thinking about how to use different tools to answer a question and not just come up with an instinctive answer that sounds right is a way of thinking like an economist?). + +So how exactly does an economist think differently? Some things Ive noticed from people on this sub and others. And how they may think differently: +1. Think more about unseen or opportunity costs of different actions/policies 2. Think alot about what people are incentives in response to a policy or whatever instead of implicitly assuming people will just what policy makers want them to do/think they should do 3. And at least as far as metrics are concerned, think more about endogeneity and threats to drawing conclusions from correlations, at least as far as human choices are made in equation. +Are these all apart of it? +I’m just gonna come out straight and say it: you are hurting yourself more than helping when you spread information that is ignorant and not based in reality. + +Last Thursday and Friday, there was all of this talk of a Gamma Squeeze, “it’s going to happen, oh yeah definitely so long as we close above the magic and imaginary number of $320. Don’t worry, shorts won’t cover until Tuesday so you can be patient, wait it out” + +Every fucking time you degenerates give a deadline, you create another opportunity for disappointment. Stop it. No one knows what’s going to happen or when. + +Yes, monkeys strong together, but also monkeys stupid together. It’s a fine sentiment. The culture stuff is less so. + +Is this subreddit really going to turn into such a dumbass fucking echo chamber that every single time the stock goes down we scream “short ladder!” “Market manipulation!” “Fake news!” + +Because while all of these things are possible, it’s also a FUCKING VOLATILE MARKET. And every single time someone says that something in it is guaranteed, they’re setting themselves up for failure. + +So yeah, FUCKING hold, obviously. But don’t gamble away your life savings. + +Obviously but the dip. But ask yourself where you genuinely want and believe the stock you’re investing in to be. + +Also. “Shorts have x days to cover, it’ll go up then!!” +And “GME is now on the short restriction list!! That means that we literally can’t lose now” are fucking stupid. Not based in reality. Look, we all want our tendies. We all want them to be guaranteed. But this is a war of attrition. + +And there’s no such thing as guaranteed success. + +If you like the stock, buy it. If you think, based on a whim, or research, or for any fucking reason that convinces you that a stock is going to go up, then buy the stock. Look at DFV: He didn’t invest because he thought a massive short squeeze was going to drive his value investment into the 8 or 9 digits, and he didn’t sell when he was at almost 50mil- you know why? + +Because he believes in the fucking company and isn’t here to get a quick buck. + +Buy low. Sell high. Fomo is fucking stupid. + +And make your own god damned decision. + +🚀🚀🚀 + +Eventually. +I don't know where to post this, but. Keeping this as short as possible I got an inheritance from my parents in which I really didn't like because of their abusive and narcissistic actions when I was in my childhood, anyway the fortune amassed to 10-20 Mil. I have depression being honest, in all honesty I couldn't care less about the money but it would be so irresponsible of me to just let it waste away from inflation and or taxes. Due to my "depression" I don't have any motivation to do anything. Are there people who I can take the money to, let them invest, but it's only they do good if the investment does good? + +Other context but trying to keep anonymous, I have a 2015 Dodge Charger, 13k in savings, an apartment and a GF who's becoming a nurse. Age is around 20-28 + +I did some research (not really) and found things like a CPA for taxes, a Private stockbroker for investments, and maybe a financial advisor. Any help -thanks + +&#x200B; + +Edit: Seriously, thank you all for your answers. +I know the majority of you apes are rock solid and don’t need to hear this. + +But just a reminder for anyone who’s banking on a rug pull this time since we experienced one the last few runups: past results are no guarantee of future results. + +We humans are blessed but also cursed with highly refined pattern recognition. It sometimes breaks down catastrophically, causing us to perceive a pattern where none exists. + +In our case one of these runups will be the last runup. There’s no way to know which one that will be, but it’s a virtual guarantee that selling into it will be a catastrophic mistake as buying back in will be very costly if even possible. +I want to remind everybody who has been here as well as new users. This is r/pennystocks not r/wallstreetbets, GME is not a penny stock nor has it been. Quit posting about it because it does not belong here and everybody already knows. We are having a huge influx of members as I'm sure you all are aware. We are not going to be removing 500 posts a day because people refuse to read the rules and follow them. If your post is found to be a complete lack of effort and against the rules you will be banned and nobody is going to explain why because that's what I'm doing now. + +&#x200B; + +This subreddit is a beautiful place but what is happening right now is not what this subreddit is for. Everyone needs to follow the rules and if you don't know what those are I suggest you go take a look. Please post helpful or insightful information or make your way to the lounge. Nobody needs to make a post with one sentence covering stuff people already know. You may be asking "How do I know if this post is good enough" well if you had to think about it, probably isn't. We specifically made the lounge so people can get quick answers or share a thought. These do not require a post! + +&#x200B; + +Everyone have a great day trading and be careful in these wild times. Thank you for reading and respecting this subreddit and it's user base. +Currently the sub gets about 5-10, where do I get started, I want to get into day trading posts a day. We created a getting started wiki that no one reads. So I am going to post the link in this post. This post is to help anyone new and stop the same redundant posts that ask questions that have already been answered. There is and always has been a link for book recommendations at the bottom of the wiki. This post is a reminder that posts that are answered in the wiki will be removed. + +https://www.reddit.com/r/Daytrading/wiki/getting-started-daytrading +I have $56,000 (+102%) in unrealized long term gains from stocks. I am currently in the military and normally make about $90k in taxable income. I am currently deployed for this year and my income is all tax free. I will only be taxed on 7k this year. +From what I read, because my taxable income will be so low this year, if I cash out my stocks, I will pay 0% on those gains. Is this true? +Are there special circumstances to make sure this works out? +It would be better to pay 0% now, and push the money back into the market after 30 days to lock in the savings. Would save me about $8k. +Do you advise I do this, or not? +# APOLLO MISSIONS + +[Apollo 1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) (Disclaimers here) + +[Apollo 2](https://www.reddit.com/r/Superstonk/comments/s252os/billionaire_boys_club_bbc_ep_16_part_2_the_apollo/) + +[Apollo 3](https://www.reddit.com/r/Superstonk/comments/s25i88/billionaire_boys_club_bbc_ep_16_part_3_the_apollo/) + +[Apollo 4](https://www.reddit.com/r/Superstonk/comments/s28x8z/billionaire_boys_club_bbc_ep_16_part_4_the_apollo/) + +[Apollo 5](https://www.reddit.com/r/Superstonk/comments/skiff2/billionaire_boys_club_bbc_ep_16_part_5_the_apollo/) + +[Apollo 6](https://www.reddit.com/r/Superstonk/comments/taib2v/billionaire_boys_club_bbc_ep_16_part_6_the_apollo/) + +\------------------------------------------------------------ + +**I was going to add more here Apes... but I think it's best to draw a quick conclusion now, and I will add more in more parts to come.** + +\------------------------------------------------------------- + +And Here's the Problem for the Popcorn Apes... + +**George Sherman and Co**... were the Apollo Plants in Gamestop... + +Ryan Cohen has since Rooted them out and begun turning the company around. + +BUT... + +**Adam Aron and Co**... are the Apollo Plants in POPCORN COMPANY and they are **STILL IN PLAY!** + +\---------------------------------------------------------- + +So while there may be naked shorts in Popcorn... + +There may be **POTENTIAL** for a fundamental turnaround... + +And MAYBE the Private Equity Vulture Funds won't want to dismantle it... + +**They still have a man on the inside.** + +(And massive amounts of debt surprise... surprise) + +Apollo are still going to get their pound of flesh... + +And while you think you are placing your trust in this guy... + +&#x200B; + +https://preview.redd.it/hy2e3x8fm9b81.png?width=760&format=png&auto=webp&s=b2b49bc7d98a848db8f31fd9701fa301407e8f9f + +# You ACTUALLY need to DECIDE if you TRUST this guy... + +&#x200B; + +[Marc Rowan CEO of Apollo Global Managment](https://preview.redd.it/lt0nl09jm9b81.png?width=757&format=png&auto=webp&s=34a09605db5e358d547c133e83849e00606ee76a) + +&#x200B; + +# OR... these Guys + +&#x200B; + +[ Leon Black Ex-CEO of Apollo, Michael Milken the Man that Pulls the Strings and their Good Buddy Steve Cohen... yup... Point 72 ](https://preview.redd.it/tfbyugxnm9b81.png?width=751&format=png&auto=webp&s=c5708bfd63983e6d5ad8559b8a6977fe48058056) + +# OR THESE GUYS!!! + +&#x200B; + +[Michael Milken and Ken Griffin](https://preview.redd.it/0ki4nrg0n9b81.png?width=1024&format=png&auto=webp&s=7b2283c02c7ae01d7f9ca666d75f92bfe6ad6abd) + +\--------------------------------------------------------------------------------------------------------------------------- + +You see... you think you are **betting against the Shorts**... when in actual fact... **they have an inside man within the company**! + +Do you think when push comes to shove and all his **Wall Street buddies** are putting pressure on him that Adam Aron will just stand up to them for the sake of **Popcorn Apes?** + +**Ryan Cohen KNEW this IMO**... that's why he got rid of them all before setting about to build a fundamentally better company! + +\--------------------------------------------------------------------------------------------------------------------------- + +# AND HERE'S THE KICKER... + +**Apollo actually tried to BUY both Gamestop and Popcorn!!!** + +Yup... the plan was well underway by the time we saw the mini-sneeze... + +Not only that... but in the Case of Popcorn... **Apollo actually OWNS their debt**... **and Tried to get them to File for Bankruptcy...????????????** + +**ARE YOU TELLING ME... THAT THEY HADN'T PLANNED TO TAKEOVER POPCORN?** + +Source: [NYPost](https://nypost.com/2020/12/11/apollo-circling-amc-as-chain-scrambles-to-stay-afloat-sources/) + +They did seem to be a little less far along in their plans with Gamestop... and the buyout were merely rumors that caused a spike in the stock. + +Source: [CNBC](https://www.cnbc.com/2019/01/04/gamestop-shares-surge-12percent-on-report-it-could-announce-a-buyer-soon.html) + +But they had their **inside man** in there... Naked Shorting was rampant, and the company was in debt... + +Standard **Private Equity Playbook for Hostile Takeovers** in both cases!! + +**TELL ME THIS SHIT DOESN'T MAKE SENSE???** + +\-------------------------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +https://preview.redd.it/hwkd042qw9b81.png?width=1400&format=png&auto=webp&s=a3da440d48f63f7536b414252bba8c77ff3a7eac + +\-------------------------------------------------------------------------------------------------------------------------------------- + +Ok... I'm going to call it here for this round of Apollo missions. + +I have pages and pages of more research on this, but I want to take the time to properly vet shit and look into things more. + +I do think there will be more to follow as there is literally tons of this shit... And this is just GME and Popcorn!!! + +\-------------------------------------------------------------------------------------------------------------------------------------- + +FUCKING PUPPY BREAK!!!! + +Aww.... he's so TINY! Who's a Tiny Puppy?? + +https://preview.redd.it/55qqbqm7y9b81.png?width=1000&format=png&auto=webp&s=cd0621ff02e331239ffac552c72f0d8875702397 + +\-------------------------------------------------------------------------------------------------------------------------------------- + +TLDR... + +Following Milkens Example of Corporate raiding by using Junk Bonds to put Companies under Financial Pressure and make them cheap for takeover... + +Apollo Global Management (Largely a Spinoff of Drexel, Milkens Company) along with many other Private Equity Companies have mastered the Corporate Raiding Strategy and brought it into modern times. + +**This includes... PLANTING SENIOR MANAGEMENT at companies that are ripe for takeovers...** + +**Getting their Hedgefund buddies and Market Makers to Short the Shit out of the Stocks** + +**Leveraging the Companies up under Massive Debt** + +**And then taking control and deciding the best way to make a profit from the carnage** + +This is a process where companies like Apollo Global, Blackstone and KKR make BILLIONS AND BILLIONS and nobody bats an eye! + +\-------------------------------------------------------------------------------------------------------------------------------------- + +AGAIN... this is not an ATTACK on POPCORN... + +This is MERELY presenting facts and adding a little speculation. + +If you disagree with me... feel free to tell me logically where I went wrong? + +**THEY TRIED TO DO THIS TO GAMESTOP TOO!** + +If you believe in POPCORN - **GET ADAM ARON TO ADDRESS THIS... COMMIT TO SOMETHING** + +He's frequently on the Youtuber Influencer shit right? Ask him the question? + +Ask him where his loyalties lie? + +**Ask him... why is PERSONAL Consulting Company is CURRENTLY in Partnership with APOLLO MANAGEMENT... who OWN THE DEBT of Popcorn... TRIED to get POPCORN to go Bankrupt... AND have close ties to those who have short Positions???** + +# DEMAND ACCOUNTABILITY JUST LIKE RYAN COHEN DID! + +READ HIS LETTER TO THE BOARD -->> [HERE](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf) + +You guys CAN make this fucking work... but don't just buy into the shit that he has your back. Right now, **IN MY OPINION**, you are in a precarious situation. + +&#x200B; + +\-------------------------------------------------------------------------------------------------------------------------------------- + +BBC NAVIGATION + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) **IS THIS THE FINAL BOSS?** + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) **The Inner Circle** + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) **THE BIG BOYS** + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) **Recess is over... You didn't think BILL GATES was involved did you?** + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) **The Foundational Strategy** + +[BBC Part 6](https://www.reddit.com/r/Superstonk/comments/oa8ynd/billionaire_boys_club_bbc_part_6_smile_for_the/) **SMILE FOR THE CAMERA KENNY...** + +[BBC Part 7](https://www.reddit.com/r/Superstonk/comments/oox1sn/the_billionaire_boys_club_bbc_episode_7_what_daf/) **What DAF fuck is this???** + +[BBC Part 8](https://www.reddit.com/r/Superstonk/comments/ope0w3/billionaire_boys_club_bbc_episode_7_the_chips_are/) **The chips are stacked against us... ALWAYS HAVE BEEN.** + +[BBC Part 9](https://www.reddit.com/r/Superstonk/comments/opp09p/billionaire_boys_club_bbc_episode_errr_9_steve/) **Steve Cohen... So HOT right now...** + +[BBC Part 10](https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/) **All-Inclusive Vacation of a Lifetime... to the CAYMANS! -- PART 1** + +[BBC Part 10.2](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) **Cayman Island Getaway - How to hide money from the FBI + Brazilgate!** + +[BBC Part 11](https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/) **BILLIONAIRE BANK LOANS - Buy Borrow Die** + +[BBC Part 12](https://www.reddit.com/r/Superstonk/comments/pcp37f/billionaire_boys_club_part_12_bbc_please_prove_me/) **Kenny's WARCHEST - SPECIALIZED PURPOSE ENTITY (SPE) + Leverage** + +[BBC Part 13.1](https://www.reddit.com/r/Superstonk/comments/pv9yon/billionaire_boys_club_bbc_episode_13_part_1_do/) **Do you Swear to tell the truth, the whole truth and nothing but the truth?** + +[BBC Part 13.2](https://www.reddit.com/r/Superstonk/comments/pvr3gg/billionaire_boys_club_bbc_episode_13_part_2_the/) **Steve Cohen's TRUE form revealed** + +[BBC Part 13.3](https://www.reddit.com/r/Superstonk/comments/px80o7/vlad_lied_too_is_this_proof_and_proof_that/) **Vlad Lied too - Proof that Citadel Knew** + +[BBC Part 14](https://www.reddit.com/r/Superstonk/comments/qicm2m/billionaire_boys_club_bbc_ep_14_pop_quiz_whats/) **POP QUIZ - What's Safer than a Bank?** + +[BBC Part 15](https://www.reddit.com/r/Superstonk/comments/rfgriy/billionaire_boys_club_bbc_ep_14_the_deregulation/) **The Regulation Agenda** + +[BBC Part 16.1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) **The Apollo Missions** + +\----------------------------------------------------------------------------------------------------------------------------------------- + +**Shameless PLUG:** Follow me on **TWITTER** for more GME fun:[ https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +\----------------------------------------------------------------------------------------------------------------------------------------- + +Apes... if you feel this is as big as I think it is... **please share it.** +If you compare the GDP per capita (both nominal and PPP) of Canadians with countries like the United States, Germany, Ireland, Austria, Sweden, and Norway, we are poorer than them. Why is that? I thought we would be close to the Americans but they make over $11,000-16,000 more than Canadians (depending on the measure used). Does anyone know why are we worse off compared to other countries at a similar level of development? + +Links: + +1) Nominal GDP per capita - https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita#List_of_per_capita_nominal_GDP_for_countries_and_dependencies + +2) PPP GDP per capita - https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita#Lists_of_countries_and_dependencies + Hi, +I have been offered an investment opportunity through my colleague. Its a private investment club company incorporated in Sweden by his family member. Some of my colleagues already put in tens of thousands euros into it. In fact some have even taken out loans for this. I am staying away from it, because for me it sounds too good to be true but I would like to hear your input: + +* the Key Investor Information document mentions trading mostly FIAT currencies and some cryptocurrency +* the (programmer) colleague told me that he coded a special trading algorithm for this company (owned by his family member) that does high frequency trading +* access fee to be able to join the platform, 30€ or so + 2%/20% from investment/profit +* they have several funds which are opened periodically and if you enter them, you cant exit them for a set period of time, else you would have to pay a 8% fee +* look [at the image here](https://imgur.com/a/oanVyd5) for the returns (its the return for the set amount of time), the average annualized return rate could be perhaps 80%! +* the most shady thing - they have a graph of daily profits and the line is absolutely smooth, in fact there is not a single day with a loss, [see the picture (the green line are the profits)](https://imgur.com/a/gEJC3aR) and the profits are +- same every day. I have been told that its because they have been capped by the Swedish finance regulator - literally because they are "making too much profit" otherwise they would be making even bigger profits. Is that possible? +* the colleague encourages more people to enter and always tells people that they should move their profits from one fund after it expires to a new fund in the dashboard +* they insist that they know the founder etc. so I can trust this whole thing + +Could this be legit? Or is it a pyramid/ponzi scheme? +Starting to invest, 20m. Bouncing around with two ideas, either dollar cost averaging an ETF or dividend investing. I am working on a long horizon, at least 20 years. + +Facts: + +\-S&P 500 delivers around 7% returns per year on average. + +\-Pretty hard to find reliable stocks that return the same amount by dividends. At least the kind of stocks I would be comfortable enough to put my life savings to. + +&#x200B; + +What makes you guys choose buying individual dividend paying stocks instead of an ETF tracking S&P 500? +I was looking around for a better deal and getting quotes. The person from Budget Direct on the phone said because I’m a risk. Where’s the risk? I didn’t create the situation for the person behind not looking and rear ending me. Other insurers don’t ask this question in their sign up process. I understand if I was at fault. Sure. But not at fault. Common...got to be a ripoff. +Here is a partial list from the IRS of known, common scams: + +https://www.irs.gov/uac/Tax-Scams-Consumer-Alerts + +>Note that the IRS will never: 1) call to demand immediate payment, nor will the agency call about taxes owed without first having mailed you a bill; 2) demand that you pay taxes without giving you the opportunity to question or appeal the amount they say you owe; 3) require you to use a specific payment method for your taxes, such as a prepaid debit card; 4) ask for credit or debit card numbers over the phone; or 5) threaten to bring in local police or other law-enforcement groups to have you arrested for not paying. + +The IRS also offers [these tips](https://www.irs.gov/uac/IRS-Urges-Public-to-Stay-Alert-for-Scam-Phone-Calls) on how to recognize, avoid, and report tax scammers. + +##If you get called by a scammer, consider collecting their stated name, phone number they are calling from, and number you are directed to call and reporting it to [TIGTA](https://www.treasury.gov/tigta/contact_report_scam.shtml) and/or the [Federal Trade Commission](https://www.ftccomplaintassistant.gov/GettingStarted?NextQID=216&Selected=t%20-%20crnt#crnt) (with "IRS Telephone Scam" in the notes). DO NOT GIVE OUT ANY PERSONAL INFORMATION. + +I highly recommend that those of us with elderly parents or family members share the word. The elderly are some of the most vulnerable when it comes to online or telephone scams. + +As a humorous anecdote, last night I received a call from an attempted phone scammer. Blah blah blah a recent judgment in a tax court means I owe $8,152.91 in back taxes that was due last year. As a favor to me, they were willing to settle for $6,000. What a bargain. +u/ResolutionHorror541 **and I keep a tab on the shares available to borrow on FUDelity.** + +We all remember how it peaked to an absurd number right before the latest drop back in November. It's been on a steady decline since. It had been staying steady between 1 - .5 million dropping to a low Friday below 200k at market close. Today, for the first time in a long time, there is no number listed. Just "Call Fidelity". + +&#x200B; + +[Bullish](https://preview.redd.it/ldy1c4gh1va81.png?width=897&format=png&auto=webp&s=a71f6e9d8844eeb73f6856c5ac4e2ad914b45b53) + +Let's get it 🦍🦍🦍. DRS DRS DRS + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +(Yes, they have many other ways to suppress the price but this is at least 1 indicator that they're struggling.) + +Edit: Y'all, they borrowed all the shares they could to give us a DEEP DISCOUNT. Don't be rude. Take them up on their offer and BUY THE DIP!! + +Edit2: u/*Chicken\_King* **put in a call to Fidelity. Here is his comment from below:** + +"So, just got off the phone with Fidelity. Called the support number listed in ATP and asked why the information for shortable shares only listed their phone number and not an actual amount and was told it’s because there is no available shares to short at this time. + +The rep stated they when/if shares come available, then it would be reflected on ATP. + +Here’s a screenshot of my call time with Fidelity and the notes I took while on the phone. Out of the roughly 20 minutes I was on the phone, 15 of that was being put on hold. + +I wish I had more information but that’s all I was given." + +Edit3: u/Mirfster **made a similar post to mine. But his has some great numbers on shares available. Worth a look.** +*EDIT* +When you make a post that gets hundreds of comments and are compelled to read them all. My little comment babies, I love them all equally lol. + +But srs. Thanks for the responses, some severely conflicting opinions. Nevertheless I am getting my learning on. + +_______________________________________________________ + +I have always been curious about this, but never had anyone to ask. + +For those of you with cars 150k and over. +How did you go about this? + +Is it financed? What are the monthly repayments? +Did you buy it outright? +What does insurance cost? +Are there any overlooked costs that you now know, but didn't before? +Also, congrats. +Guten Morgen to this global band of Apes! 👋🦍 + +Last week was quite the week in the GME saga, and this week has the potential to be even bigger! Last week, we saw the stellar earnings release from GameStop, the subsequent short attack, the near-immediate recovery from said short attack, and finally that the Short Hedge Funds did *not* roll their quarterly futures by the traditional deadline, leaving that event to happen this week. Then, of course, over the weekened there has been nonstop speculation about what the wacky numbers coming from Yahoo Finance indicate, inspiring some very interesting (and fresh!) DD. Let's just say that *many* tits are currently jacked like never before, and only time will reveal what GME has in store for us this week. + +Today is Monday, September 13th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$194.78 / 164,69 €** *(volume: 3267)* +- 🟩 115 minutes in: $194.10 / 164,11 € *(volume: 3061)* +- 🟩 110 minutes in: $194.05 / 164,07 € *(volume: 2600)* +- 🟩 105 minutes in: $193.99 / 164,02 € *(volume: 2566)* +- 🟩 100 minutes in: $192.75 / 162,98 € *(volume: 2329)* +- 🟩 95 minutes in: $192.66 / 162,90 € *(volume: 2298)* +- 🟥 90 minutes in: $192.65 / 162,89 € *(volume: 2262)* +- 🟥 85 minutes in: $192.78 / 163,00 € *(volume: 2227)* +- 🟥 80 minutes in: $193.67 / 163,75 € *(volume: 2207)* +- 🟩 75 minutes in: $194.15 / 164,16 € *(volume: 2108)* +- 🟥 70 minutes in: $193.92 / 163,96 € *(volume: 1837)* +- 🟩 65 minutes in: $194.48 / 164,44 € *(volume: 1646)* +- 🟩 60 minutes in: $193.73 / 163,80 € *(volume: 1615)* +- 🟥 55 minutes in: $193.53 / 163,64 € *(volume: 1562)* +- 🟥 50 minutes in: $193.55 / 163,65 € *(volume: 1507)* +- 🟩 45 minutes in: $193.56 / 163,66 € *(volume: 1496)* +- 🟩 40 minutes in: $193.52 / 163,62 € *(volume: 1488)* +- 🟥 35 minutes in: $193.47 / 163,59 € *(volume: 1337)* +- 🟩 30 minutes in: $193.49 / 163,60 € *(volume: 1333)* +- 🟥 25 minutes in: $193.46 / 163,57 € *(volume: 1274)* +- 🟥 20 minutes in: $193.64 / 163,72 € *(volume: 938)* +- 🟥 15 minutes in: $193.65 / 163,74 € *(volume: 877)* +- 🟩 10 minutes in: $193.79 / 163,85 € *(volume: 803)* +- 🟩 5 minutes in: $193.08 / 163,25 € *(volume: 457)* +- 🟩 0 minutes in: $192.62 / 162,86 € *(volume: 124)* +- 🟥 US close price: $190.41 / 161,00 € *($191.05 / 161,54 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1827. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I won't go into detail but I just got informed I got a big chunk of tax-free, legal money. I have always lived paycheck to paycheck and never had to think about what I would do if I had money to spare. + +Even obvious stuff will be appreciated. + +I don't think I really want to buy anything. + +I've read some wiki stuff but it don't really say too much other than "don't rush it" and "tell no one" (which I guess I do now on this throwaway account). Should I just go to a bank and ask them what to do with it? + + + +I will not answer PMs, just here. + + +edit: I just want to say thank you for all the great tips and research material! You guys are the best, I never thought I would be getting this much help so quickly! I'll take my leave for right now and do some deep thinking based on what you have said. Thank you very much again. I'll check in a bit later! +Before anything else: https://twitter.com/elonmusk/status/1387290679794089986 + +Yes. Everybody knows Elon didn't tweet about it. It's based off the tweet. +STILL, Elon Musk himself is about to mention these words in front of the national television. + +To add to that, a billboard is gonna flash the faces of innocent people on the Times Square when this post is 4 hours old. Yes, the devs have paid for a huge ass billboard and have a contest of "who'll send the picture of it first". The billboard will be up for two days. + +These are two huge events perfectly lining up for a massive pump. + +If that is not enough of an incentive for you to buy this, you are searching for coins in the wrong place. + +THE OTHER STUFF +- 6 days old + +- Officially audited and safe with Techrate + +- Marketcap as of writing this post: $16,960,527 + +- Number of holders: 25,659 + +- New website launched: https://dogefather.space/ + +- Contract renounced: http://bscscan.com/tx/0x46b20ad5036d5b2a2aec13d9ac13936aa0da0f14428ade4ea7ad7288e9768963/ + +- Liquidity locked: http://dxsale.app/app/pages/dxlockview?id=1991&add=0&type=lpdefi&chain=BSC/ + +- Chart: poocoin.app/tokens/0x3d29aa78fb558f84112bbc48a84f371147a920c9 + +- And finally, Telegram: https://t.me/dogefatherBSC <- You can find all other info here + +USE V1 WHEN BUYING: +v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x3d29aa78fb558f84112bbc48a84f371147a920c9&inputCurrency=BNB +The more I learn about personal finance, the less it makes sense to me why someone would want to tie their money up in an ~~illiquid~~ investment that doesn’t even keep up with inflation. + +One caveat could be older people who are concerned solely with wealth preservation low-risk wealth preservation, but a friend of mine (28m) got angry and defensive recently when I mentioned my thoughts on this. + +Help me understand why anyone younger than 50 would choose CDs over HYSA, I-bonds, index funds, etc. + +Edit: Thanks everybody for chiming in. This discussion has probed my blindspot and changed my views on CDs to the point where I will likely consider them as an option going forward. A couple key takeaways: + +- CDs used to pay double-digit interest in the 80s, which explains why many older people (and those directly influenced by their mentalities) view them as an investing tool. + +- “Locking in” a good interest rate for a set period is a key component of CDs that makes a lot of sense in some savings situations, something I actually hadn’t thought of. + +- CDs will likely make more sense than I-bonds (what I currently hold for mid-term savings) once inflation settles down. +I did not make it + +Was going well at first was making a killing actually, but then it slowed down. Random expenses came up, and now the last of my "safety" fund has run out. + +It wasn't due to my trading skills, I was doing good but the random expenses and slow intraday markets ****ed me. There was days were I was making like 5 bucks lmao + +If I could do it over + +-20k is the MINIMUM to even think about trading for a living +-3 months worth of expenses saved up +-plan for slow weeks + +Deff burned me out of daytrading was staying up untill 2-3 am at times babysitting positions + + +Im good tho no going to go homeless or anything lol. Young, finishing up my degree and still have plenty of opportunity. + +Only thing that blows is I will have to get a reg peasant job for a bit + + + +cliffs + +-wanted to be ceo/1000k a day +-tried +-random expenses +-slow days +-failed +-gotta get job + + + +EDIT- + +some of you think I had some normal job I was working fast food before +I would like to see an online test, where one could identify a candlestick patterns by being given a chart and then having a multiple choice of 30. + +I think that website would be helpful to traders looking at get better in trading. Respond below if you want it? + +If there isn't any interest, I won't bother. + +&#x200B; + +Edit: Thanks for the response here, I felt it was sufficient to create it and I have finished it. + +I think its a good start and if it becomes popular, I will add more content, for now lets see what happens. + +&#x200B; + +Since 10 days ago have done the following: + +\- Registered Domain + +[http://learncandlestickpatterns.com/](http://learncandlestickpatterns.com/) + +\- Purchased and setup vps + +\- Researched and tested quiz formats + +\- Chosen Wordpress with Quiz Maker Plugin. + +\- Chosen a fast but simple theme and made some adjustments. + +\- Setup a quiz and some demo questions. + +\- Added questions and answers. + +\- Setup site to be viewed by mobiles + +\- Created sitemap + +\- Submitted to Google + +\- Setup mail with gmail + +\- Setup register/logout + +\- Setup leader-board. + +Over 60 users have run through the quiz.Most people get under 30% +We’ve seen a lower cost and more innovative board of directors confirmed, we’ve got shareholder meeting confirmed for effective dates. We are actively being given misinformation by the MSM, falsified or missing data reported. We have capital, we have rising sales and our share price has dropped $10. + +It’s fucking hilarious that good news means lower price and the powers that be ignore it, hopefully they are at least battening down the hatches for the MOASS that’s about rain down on them. + +Probably going to buy more, and then fuckin do it again. + +Stay hard. +What's up Theta Gang, and Happy New Year! + +This is a (Edit: VERY LONG, My B, but I think it's worth it.) semi-long one, but I don't do it often so indulge me this once. I'm not the best at putting my thoughts on paper and I don't use set in stone rules so if I leave something out or need to elaborate further please let me know. + +This sub keeps growing and there are a lot of new faces here. I think it's fantastic! I'm always looking for new tickers or strategies I hadn't tried before, and think we can all learn from each others success and failures. I wanted to take a minute and share what/how I go about my trades and share my YTD performance and portfolio. I wouldn't normally do so but I feel it might help anyone trying to really learn how I structure things. + +**YTD Value, Performance, and Context** +* Note that Schwab counts deposits/withdrawals into your "Personal return", which is hella weird, so the second page shows the actual return and net investment. +* I started the year with about $130k spread across Vanguard and Robinhood. +* In March I ACAT transferred both accounts to Schwab, hence my history starting in March. Both accounts had already felt the blow of the Feb-March decline, so my starting balance with Schwab was around $105k with $15kish in unrealized losses. +* I realized those losses in March, so they count against my P&L below, and started actively managing my portfolio. +* I have deposited about $60k YTD between March-December. So the "time weighted return" they show is probably most accurate as a lot of the deposits came mid-late year. +[Portfolio Value & Performance](https://imgur.com/a/x5XJWWX) + +**Account Details** +$340k overall value +$275k Securities value +$18k options value- $38k long, $20k short (Counterintuitive to Theta Gang, but I have some synthetic longs and Calendars.) +$45k cash +$135k Option Requirement. (Essentially what Schwab is holding out of my BP) +$125k Cash + Borrowing still available +[Portfolio Positions](https://imgur.com/a/rkRRkpf) + +As you can imagine, trying to separate stock gains, long option gains, and Theta gains would be impossible with all the stuff I have going on, so I keep a spreadsheet specifically for my Theta trades. I highly recommend it. Theta gains this year are roughly $60kish. So another $100k was from stocks. +[Theta Gang Spreadsheet](https://drive.google.com/file/d/1ytHasWFxo-xokw0cpUW3wNrLGRYNj-bG/view?usp=sharing) + +*Disclaimer:* I am sharing MY strategy that works for me. In no way, shape, or form am I claiming it is the best strategy or that it will work for everyone. It just works for me. If you wanna be a dick about how much better you could have done take it somewhere else. I am NOT claiming to be a guru, this year has been insane and I anticipate next year will be much more difficult. + +**Compounding on Steroids** +Trying to figure the best way to explain what I do/my goal is and I came up with this at the gym today. Lol So I will try to summarize as best I can, and outline the strategies I use below. +* I just turned 26 and my ultimate goal is to build wealth to the point where I don't have to work my life away. Known too many in my life who have no savings at 60. So my wife and I both work, she has a side gig, and this is mine. We are very blessed considering the current state of the world. +* I am a HUGE believer in compounding. Buy stocks, deposit monthly/DRIP, buy more stock, reap the benefits over the years. +* The premium I make from selling options is basically double compounding (hence the steroids.) + * That premium allows me to buy more stock which should appreciate and compound over time. Offering even more gains (as seen in my YTD stock only gains.) + * When I take that premium in and buy stocks, this increases my marginable assets, which increases the Marginable Buying Power I have available to sell options, which compounds/scales my ability to make more selling options. +* This is all a really big snowball effect that, if managed responsibly, I believe will deliver strong returns even in a less bullish market. +* I mention the responsible part because it would be really easy for me to get over my skis, overleverage, and be screwed in a huge downturn. There are a couple thing I do to try and keep myself prepared. + * Always keep some cash on the side for assignment if unavoidable. + * Position Sizing. Can't preach it enough. if 2 or 3 contracts go against me I can take a semi-reasonable loss and move on. 10+ contracts can wreck you fast. + * Diversify. In a mass correction this may not help as much, but having my risk/contracts spread across numerous stocks certainly improves the odds. + * Be proactive. When I am cautious of the market (like now) I will hold more cash, sell options lower than normal (10% below current stock priceish) and give myself more flexibility to add on dips. +* Obviously I benefit the most in the bullish markets like we have had, but in a flat/down market I can still capture premium selling time/volatility and use that premium to buy more stock lower. +* Just as I compound on the upside, the downside compounds as well (Early June, September and late October were rough). However, keeping the flexibility I mentioned above they have always been great opportunities for me to add more risk and benefit. + +**"Naked" Puts on solid stocks.** +Definitely my go to play with this market, which should be no surprise. I want to add context to the naked part though. These are "Naked" because they only reduce my margin buying power and I don't have the cash held as collateral. However, I could sell my assets at any point in time if I had to take assignment. +* Assignment is not the goal here. +* I avoid memes for the most part. They offer a lot of premium, and that is for a reason. +* 30-45 DTE +* Delta range really depends on the play, how bullish I am, and how much it has already pulled back. + * If I think the stock will pull back farther I will start at a lower delta, .10-.20, and "average in" on the way down. + * If it has already pulled back significantly I will enter my entire play/position size at once in the .25-.35 range. +* Occasionally I will sell a quick expiry (7-10 DTE) if I think a downside move has been overdone, or if it's a stock I want to own. +* I play things pretty fast and loose so no hard set closing rules. I typically look to lose at 70+% profit or when the risk/reward looks better elsewhere. If I still like the play I will take my profits and roll to the next month's expiration. +* TA (Technical Analysis) is not gospel, but for me it has generally provided pretty good guidelines and ranges to play. You don't have to use it, but I do think a simple understanding of support levels, RSI, and Trendlines will make you a much more successful trader. Volume at price has also been helpful to me because it really shows where a stock likes to bounce around/trade in a range and this offers a really good basis on where to set your strike. + +**Naked Calls** +This is a fairly new strategy for me, but basically trying to take advantage of insane stock pops with low delta, low DTE calls. +* 7-10 DTE I go for less than .10 delta +* 15-20 DTE may look at .10-.15 delta. +* I am HEAVILY long the market, so adding a little short delta here and there is something I am trying to do more. +* I don't like being short, so when the profits get over 80% with <5 DTE I look to start closing. +* If they are expiring >5 days and untested let expire worthless/close if BP needed. + +**SPX Puts** +Still learning/refining this from you guys knowledge. +* This is new for me but I am trying to constantly learn/expand. +* Looking at .04-.06 delta puts. +* Short term 1-4 DTE +* Longer term 20-30 DTE will look at .10ish delta + +**Long Stock** +* Obviously not Theta, but a core part that anchors my portfolio and allows me a lot of leverage and leeway with my option selling. Blue chips, diversification, ETF's. +* Personally, I don't think I could have made the $160k I made this year purely option selling. Some of y'all generate amazing returns with 100% cash, and I am not talking shit on it, I just prefer having stock returns as well. + +**Calendars/Diagonals** +I love calendars and think they can make a lot of money, but if you get in a situation like I did with BABA you are pretty screwed on selling shorts against your long. +* If the long tanks and my thesis hasn't changed I tend to average down. +* Long leg 6-8 months out, Short 30 DTE +* Close short when 70-80% drained and wait to re-short +* Write 20-30 DTE shorts against it on pops +* I prefer at least a .20 delta spread between the long/short. I normally go about 20% OTM on the original trade which gives you room to short at the same strike (calendar) 30 days out. If that closes/expires worthless and your long call goes ITM, go diagonal with your shorts and write above your strike. +* If your short goes ITM and your delta spread gets less than .1 start looking at rolling to the next monthly expiration and up in strike. + +**Hedges** +This is a hard one because it's almost like throwing money away, but the one time you need it you will be glad you did. I know we all have some different strategies but anything to help sleep at night with all this leverage. Lol +* Buy 10% OTM 30 DTE IWM, SPY, QQQ puts. Any mix, been favoring IWM lately because it is so extended. +* I use less than 1% of my acct for this and normally closer to .5%. Still adjusting. + +**Personal notes/thoughts/things I've learned** +* Position Sizing. Cannot preach this enough. Every time I have been in a bind it's because I opened more contracts (on a single play) than I was prepared for and it is the primary reason I see people in huge holes here. The loss on 10-20 contracts adds up really fast, so please be mindful. +* Spreads = not for me. I know they are popular and some people have to use them for BP reasons, but in my experience spreads just lead me to overleverage (position sizing!) and get myself in trouble. Spreads can be very successful just not for me. +* Avoid pennies in front of a steamroller. Some of us are very skilled at selling pennies for beer money (H3DAZ,SoMuchRanch) but they have been doing it awhile and know what they are doing (I think🤣.) My flair is for picking up pennies in front of Wayfair. Made the same mistake a few more times, it never ends well. Lol +* Scaling my risk/premium received with my acct size has been my hardest challenge. I have been in the $7-10k range for a few months now as my acct has jumped a lot. I have to learn/get better at using my increased BP to bring in more premium, without overleveraging myself. + +Finally, Be patient and don't give up. A lot of you have smaller accounts (hell, I'm a small fish compared to a lot of you) and that is ok, it took a lot of work/time for me to grow my account to this size, and you can too. Constantly be learning, improving your skillset, and adjusting your strategies. I have made a lot of adjustments this year and will likely make more next year. This can be very frustrating at times when trades go against you. Stay composed and stick to your planning. There is always another trade, you just have to stay in the game. + +Special shout out to the guys below. Really appreciate those who help others in the daily thread and try to help everyone better themselves. I always look for their trades and have learned a lot from how they position themselves and manage trades. +u/H3DAZ +u/Somuchranch +u/Loveofprofit + +Looking to hit $500k this year, so about 4% a month. I don't expect it to be easy, but with the proper discipline and risk management I think I can make it happen. Won't have near as many deposits this year as the wife wants to start building a house, so all the saving is going to a down-payment. + +Enjoy the long weekend fellas. 2021 is here, let's put up another solid year! Best of luck to you all! + +**TLDR** 110% return YTD selling calls/puts, owning stock, longing calendars. Thought process and methods used above. I'm no guru, just a guy trying to better himself and learn. +Putting opinion flair on this since it's probably all bullshit. None of this any "real" DD. I obviously don't have any access to his financial documents, so this is all just inference based on his believed previous short positions, videos interviews, and his recent divorce. + +With that said, let me see if I can give a compelling case that not only DID he short GME, he likely STILL HAS a large short position that will be fully exposed when the MOASS happens. + +**1) He's previously held a retarded short position in TSLA.** + +During an interview with Joe Rogan, Elon Musk said that he had several people tell him that Bill Gates ["at one point had a big short position in TSLA".](https://www.youtube.com/watch?v=RMevXFhJylc) When asked about it on CNBC, [he dodged the fucking question.](https://youtu.be/l_xIgzO2c9A?t=61) Look the frown he makes at 1:48 right after he says "He should be very proud of what he's done." *Then why'd you try profiting off running TSLA into the ground Bill?* + +This interview alone kinda shows Bill is really bad at hiding a lie. I'd almost love to play poker with him because I feel like I could call his bluffs. Which leads me to... + +**2) His GME interview back in February was very sus.** + +[Watch Bill Gates talk about GME back in Feb when it was trading around $46.](https://www.youtube.com/watch?v=PVBdyYynDNE) Watch his eyes squint, watch him fidget in his chair, watch how often his arms are crossed. He's clearly uncomfortable. And this isn't normal awkwardness for him. [Watch him talk about covid back in April 2020 when the world was essentially imploding.](https://www.youtube.com/watch?v=ie6lRKAdvuY&t=160s) He looks much more stressed talking about GME. + +Now go back and listen to what he says in that CNBC interview. He suggests that the SEC should *look into people posting their positions on reddit!* He doesn't mention shorting EVEN ONCE! Uhhh... excuse me what the fuck Bill? How can you be on the wrong side of a debate that even AOC and Ted Cruz agree on? Maybe its because he was the shorter? 🤔 + +And this brings me to my final point... + +**3) His sudden, unexpected divorce.** + +Now, people get divorced, it happens. Even rich people like Bezos have their marriage fall apart when they try to put their dick in a place it shouldn't be. But this is *strange.* [The reasoning they give](https://twitter.com/BillGates/status/1389316412259270657?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet) is that they "can no longer grow together as a couple in this next phase of our lives," but at the same time they say "we will continue to work together at the foundation." Who in the WORLD continues to work with their ex indefinitely on a multi billion dollar foundation if they didn't get along? And next phase of their lives? Like bro, you're 65 and the one of the richest people in the world. Your only hobby is eradicating polio in India with your wife, the fuck you mean "next phase of our lives". *Unless that phase is being broke as shit after covering the MOASS.* + +This doesn't smell like a real breakup, and feels a lot more like a purely financial play. It's like when your friend's parents get divorced so they didn't have to pay as much for their tuition, but still lived together. There's also history of a preemptive divorce before assets get seized in finance. I can't find links so I'm probably wrong, but I recall seeing enron exec's wives doing exactly this. + +**TL;DR:** + +**Did Bill Gates short GME?** + +Idk, probably? + +**So... do I just keep hodling my GME anyway?** + +Yes. +If ETF’s tend to trend upwards, why haven’t I seen an ETF that has a price of $500+ price per share?? The most expensive ETFs right now range in the $300-$400 range. Why don’t ETFs go past $500+ per share? +Do they lose to the safer option in the long run? Because personally, I’m okay with violent losses, as long as the violent gains win in the end. Thank you. +I have a question - how do ETF prices work? Are they based on the performance and prices of the assets that the ETF holds, or based on the buying and selling of the ETF itself? + +Can the ETF outperform or underperform it's underlying assets? If yes, doesn't really matter what the ETF is buying or selling on a daily basis? + +Thanks in advance! +Am I right? Or am I right? Let me just be the first one to say I am SO happy shitposting is back. Have you guys tried sorting by new? Oh my goodness the “technical analysis” I’ve seen is incredible. That leads me to ask, +is your coin of choice going up? Have you seen the triple double golden shower triangle? Well, the funny numbers only go up so you best spread the word! Be sure to tell everyone that your coin is pumping, will keep pumping, and will never stop pumping. + +Did you take the price chart and take it to art class? If you have doodled and discovered some fun shapes in the chart than you bet your ass it’s *technically* analyzed! Just take a crayon, and take a chart, you can try this at home! They’re never wrong! + +This is what I’m asking of you friends, shill me your best technical analysis! Do you know shit about fuck? Are you going to shitpost in the comments, or do you know what you’re talking about? + +**IS THIS FINANCIAL ADVICE?** + +*This is not financial advice* + +*or is it?* + +Edit: spelling +$StopElon started off like most potential moonshots, with a vision and a plan. The plan is to take control of $TSLA stock with a 2/3 majority ownership and $StopElon from being able to have such a direct effect on the market. We are becoming much more however. People from all around the globe are sticking up against the effects of manipulation from Elon Musk and his lies and deceit he used to post a $100m profit on Q1 for Tesla. Billions and billions of USD was lost from investors around the world just so he can barely scrape by with his nonprofitable company. Don't you think Tesla workers deserve a union and fair wages before Doge holders get kickbacks? + +What no one envisioned was how there would be many converging factors that could allow this community to grow & become a rallying point for everyone that is fed up with market manipulation, the system always winning & Business leaders like Elon that have left the everyday person in the rear view mirror. + +Having a cause or being the newest token happens all the time. Coins are purely speculative and should be treated as such. With that said, $StopElon is only a week old, making exponential returns still possible. Any early clue that this is much more than the new token is the community being forged on social media apps, as we speak. $StopElon is available on Telegram in (18) different languages as the community has pitched in to design our ecosystem in a way that encourages coin holder engagement. + +No one person should have this much power, money, and benefit off of the financial losses and sufferings of the common man, in the way Elon Musk does. + +Updates: + +News is completely going crazy again. Elon is in heat with SEC. As shown on CNBC, WSJ, CNN, and more. Also, we are back in the headlines! Firstly, Forbes Mexico/Columbia/Central America. Then News Au, Hlb be, Laptopmag, and Nzherald. As always, fascinating how word wide this movement is. + +Stopelon team announced upcoming NFTs, merch, and a event on June 6th 12pm at Tesla factories in Fremont, California. This event will have shirts, signs, and more! Also, the team hinted at a Stopelon wrapped Tesla! + +When it comes to progress on the actual goal, a core team member, Devacor, has made great progress. After talking to a lot of people regarding legal advise, we are looking to create a voting trust. This voting trust can have shares added to it, and many members have already pledged to add the first shares. Meaning, that we are making our first steps towards Tesla’s HQ. + +We have continued to gain holders, now at 21,650+ and total transactions have now surpassed 60,000 + +Another Fantastic live audio Q/A with the team today. Very detailed answers and developers really proved they know what they are doing. Could not have gone better. Was recorded, pinned in the telegram, and 2 hours long. + +The team has been in talks with many different exchanges as well. They say they can’t say much (a great sign) but they do admit they have narrowed it down! I’m getting excited! + +Contract audit from Techrate is completed and passed with flying colors! + +Check our TG for daily updates + +Tokenomics: 0.1% max buy/sell 10% tax total (to holders and LP) 40% initial burn (almost 50% burn as of now!) 5% dev marketing wallet 5% community wallet $14M+ Marketcap 21,650+ Holders + +✅ Verified contract 0xd83cec69ed9d8044597a793445c86a5e763b0e3d + +Twitter: STOPELON (@STOPELON_BSC) / Twitter + +📱English Telegram (@StopElon_BSC) + +🌐 Website: www.StopElon.space + +📈Chart: https://charts.bogged.finance/? Ok token=0xd83cec69ed9d8044597a793445c86a5e763b0e3d + +🥞 Buy (v2, slippage 12%, 0,1% max) : https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd83cec69ed9d8044597a793445c86a5e763b0e3d +This is just a personal thought/rant I just had. Please feel free to critique me or use it for discussion. I was just thinking about how some people choose growth and eventually have to sell those positions to actually see cash in hand. Well now that you have sold the stock, your money is no longer working for you and on top of that you are down on shares. Tying into that, something that helped me with looking at LONG TERM investing is to always think about the number of shares I have versus the value of them. If I am investing in say VTI, I care more about having “X” number of shares in it rather than a specific value of money. So if my goal is to grow the number of shares I have and to continue allowing my money to go work for me, why would I ever pick growth then? I mean yes you are betting on the price to go up so in theory you wouldn’t be loosing value hopefully by selling down the line but I don’t know something has just come over me lately that makes me not like that. I definitely would consider myself a fan of growth but the more and more I look at it the worse it seems compared to value that pays good dividends. Especially for retirement, I would rather take my money in dividends and get to keep all my shares versus having to sell off stock to pay for stuff. Especially since I can then have shares to pass down as inheritance versus having to sell all my growth stock to actually realize profits or get cash. It sounds silly but in theory dividends just seem almost like an infinite money glitch to me. You keep your original investment and get to collect “interest” on it via dividends and you never have to sell. I guess I just can’t see a reason to ever sell again other than obviously you need a very large sum of money that your yearly dividends wouldn’t cover (ie; buying a house). I don’t know, I definitely sound crazy and ignorant but it’s just a thought I wanted to share for discussion. To state the obvious though I’m young and dumb so take this all with a grain of salt. +At first, I thought maybe the SFH didn't want to be exposed for blatant market manipulation so they were somewhat restricted to bleed down GME over time in an effort to fit their paid-for narrative of retail losing interest. However, it is obvious that being subtle or reserved when it comes to them directly affecting the stock's movement has long since gone out the window and they are doing everything in their power to suppress the price. + +So given the fact that the gloves have come off and the net result is that the price has stabilized around $160 is super bullish. If they could have they would have already flash crashed this back into the teens. They don't have a solution for individual investors buying and holding the stock, they are not holding back some mastermind play to drop the price. Their only option is to spew misinformation, continue to manipulate the market, and kick the can down the road, in hopes people get bored. + +This is all to say don't get discouraged, the battle has already been won. There is no need for heroics and change tactics to try and trigger a victory. The strategy of Buy, and hodl has not changed. + +As much as I like to see XX% increase to my position, I know it's all funny money until the price looks like a phone number. +As the title says, I'm considering selling my business to start that fatFIRE life. I think the value is approaching solid fat, but I need to find out. + +I've talked to a business broker and they're all in on listing the business, but I'd like to explore an investment banker to see if it would be a better fit. I'm in that middle territory where the sale would be a little large for a typical broker but small for a banker. + +The problem is that I have no connections to that world whatsoever, and I'm hesitant to just start cold calling google results without a solid frame of reference. + +Location is midwest. Business is doing $5M in sales/year but growing quickly. On pace to push $7M in 2020. Private label eCommerce with some in-house manufacturing that takes place. Profit margin is a solid 20-25% with about 10 years of growth to show. + +So other than an "investment banks near me" search how do you get a decent referral? +Listen, I get it. Payne is a charming guy and has been funny throughout this whole thing. Calling Portnoy a little bitch made me giggle, even though it was most likely scripted. + +But I see this kind of lopsided voting and awarding on something that the man u/dlauer has debunked at least twice now, and methinks the man behind the curtain wants apes to look a certain way. + +I'm not saying that RCs most recent tweet is some magical code (but it probably is and we're too dum to figure it out), but I'm saying this kind of lopsided voting and awarding screams bots to me. + +Maybe not. Maybe I'm being paranoid. But we should stop being entertained and engaged with Payne. + +We know Cramer is a rat. That's easy. But The Usual Suspects quote, "The greatest trick the Devil ever pulled was convincing the world he didn't exist." Has me thinking that Payne reeeeally wants to be viewed as our friend, or at least wants to encourage us to look a certain way. Or look away from something or someone important. + +Don't trust Payne or any MSM. Magic tricks always make you look at something unimportant or misleading. + +Be entertained by everything, but also do some digging and investigating. ESPECIALLY into Stevie Goomba Cohen, since all this sliding kicks in when I see beautiful Goomba memes of his stupid face. + +Buy. + +Hodl. + +And enjoy your goddamn weekend. + + + +Edit: Finished an unfinished thought. +I am in a difficult position, I have 70k saved up but can't afford a house..! North Buckinghamshire area. +I earn around 40k a year therefore can only borrow APPX. 160k, so if I spent all my money on a house I'd have £230k. This isn't enough for a small terraced house in my area. + +So I have a couple options.. + +Move north.. and potentially get priced out of ever moving back south. + +Pay rent until I can finally afford something/ get a better job so can borrow more in the next 3 yrs + +Buy a flat and have my money depreciate and potentially be unable to sell it when I need to move,oh yeh and I don't actually own the land beneath it + +... I'm thinking option 2, is that the best bet? +I recently needed to know what the hell was going on with my Taxes. Nothing online could help and I was navigating through dial tones for a long time. + +1. Before you call, make sure you have all of the information that you need. + \- Social Security cards and birth dates for those who were on the return you are calling about. + \- An Individual Taxpayer Identification Number (ITIN) letter if you don’t have a Social Security number (SSN) + \- Filing status – Single, Head of Household, Married Filing Joint or Married Filing Separate + \- Your prior-year tax return. We may need to verify your identity before answering certain questions + \- A copy of the tax return you’re calling about + \- Any letters or notices we sent you +2. **The IRS telephone number is 1-800-829-1040**, and they are available from 7 a.m. – 7 p.m. Monday thru Friday. The best time to call is early in the morning. +3. The first question the automated system will ask you is to choose your language. +4. Once you’ve set your language, do NOT choose Option 1 (regarding refund info). Choose option 2 for “Personal Income Tax” instead. +5. Next, press 1 for “form, tax history, or payment”. +6. Next, press 3 “for all other questions.” +7. Next, press 2 “for all other questions.” +8. When the system asks you to enter your SSN or EIN to access your account information, do NOT enter anything. +9. After it asks twice, you will be prompted with another menu. +10. Press 2 for personal or individual tax questions. +11. Finally, press 4 for all other inquiries. The system should then transfer you to an agent. + +I found this online and hopefully it helps ;) + +EDIT: Original Site I found this from: https://amynorthardcpa.com/how-do-i-reach-a-real-person-at-the-irs/ +I have a (hypothesis) that a margin call did happen today and a hedge fund did get liquidated. + +Today we saw the rise of short float to 113%. What if that is just a piece of the puzzle. If a company got liquidated then their positions were all documented and they could no longer hide behind other means of shorting. The bank then reported the real short interest for that one hedge fund and now we see that reflected. + +Now we just have to wait and see what they will do with this. Either another hedge fund picks up the bag to keep the game going or we see those positions covering. + +I also propose that we can now look at that reported short float to see who is being liquidated. + +This could also be all speculation but at this point that is all that we have. We just have to wait and guess the means and signs until one day they hit us in the face with the short squeeze. + +[edit] This could actually weirdly explain the price drop on Friday. Here me out. If they are hiding shorts with option spreads and FTD then liquidation would lead to a temporary drop in price as call options are nullified. So basically synthetic shares are erased just leaving shorts which can now be reported. Friday may have been the margin call. Today may have been liquidation. Friday they sold off assets and hedged against GME shorts. These were now reported on Monday + +[edit 2] What if every glitch that we have seen is just this. A hedge fund FTD or sells positions to cover margin. Or they got margin called and have to uncook the books. + +I misspelt the title, please kill me + +[edit 3] So Evergrande*. What if this is happening because these hedge funds were padding their margin with shitty Chinese companies. This could be the reason why we are starting to see things happening t+35 days after Evergrande* went down. More speculation that China purposefully dunked on these overvalued stocks to send a knife into the American financial systems. If we look at which hedge fund was most exposed to Chinese shitties that is short GME we may be able to see which hedge fund is getting liquidated. We won’t see the full effects of t+35 liquidations for a little longer now + + +Also I want to add that at this point I am way down the rabbit hole of speculation but am trying to paint a picture that can hopefully be backed by empirical evidence + + +[ u/Vagabond_Hospitality comment] “I just dove into the Archegos stuff again. I think this would explain a lot. When Archegos got called, their open positions were liquidated. This would account for price action drop on Friday (if someone got called and liquidated). Thing is, since Archegos had so many return swaps - their positions were opaque until after the liquidation. They were using the swaps to hide their actual positions. Morgan was the one who eventually made the call, but they couldn't just liquidate everything: they had to sort through it. Credit Suisse ended up holding the bag because they were the last ones to make a demand. + +So, if there was a liquidation on Friday - then any shares or calls bought as a hedge would have been liquidated (probably off-market). Those are easy. But, because of the return swaps - the banks that did the margin call would have to "unwind" the positions and figure out what was even there. So, one day later, all the shorts get reported. + +Just like Archegos - the bank that made the margin call had a day before the other banks caught on and started demanding covers. If someone did get liquidated Friday, positions unraveled and reported today, then we could expect a lot of covers happening tomorrow. + +(this is pure conjecture mostly based on the Archegos timeline, but it does seem to fit the facts)” +Hi, + +I'm currently between jobs and getting a nice £80 per week for my troubles. + +I have a friend who has recently inherited a large sum of money and wants to split it between different banks into the £85k limit. The problem being he has well over the £250,000 maximum for protection under the FSCS scheme. + +We've been besties for a long time and has asked me if I would put a further £250,000 into accounts for him under my name. + +Whilst it's absolutely not my money and all of it and the interest will go back to him, this somewhat technically puts me over the £16,000 savings limit which would mean no benefits for me. + +I'm guessing the answer is yes, but would I have to declare this, despite it only being mine through technicality and me getting nothing from it? +You're investing your savings into low cost index fund ETFs with the purpose of early retirement starting, say, 20 years from now. + +Fast forward to 2040. Your investment did pretty well and your gain$ after you sell, hypothetically, should outlast your expected life length. + +What are you supposed to do? Sell and put that money into a bank account (or under a mattress) and live off of them for the rest of your life? What about inflation and all? +GME holder here with 60 shares at like the $280 level. This question pops into my mind whenever I hear how the squeeze is over from the media or other traders. If the squeeze is actually over why are the clearing houses still restricting buying of the stock through their cash requirements? Hasn't the risk subsided if the squeeze is done and the price will only fall? What risk do they have if the short interest is actually down? What are they afraid of? +Here's some food for shower thoughts. + +I'm 27, male, single, active duty (US), BS in ME, 11&#37; to FI, above average health with no history of health problems. I've been on an FI track for the past year-and-a-bit with awesome results. "Build the life... etc." Plus it's fun; I enjoy the challenges of optimization and creative thinking. I didn't give up *that* much to achieve a high rate of savings. All the potential in the world, and not much concern for the future because, hey, I had a plan better than 90-whatever&#37; of the USA had. + +At noon on a Thursday of March 2018, I felt like I might have a cold or the flu. I had felt great that morning. + +The next day I started vomiting. It only got worse. + +By Sunday I was hospitalized with fulminant liver failure, kidney failure, respiratory failure, pericarditis (inflammation of the sac around your heart, will collapse your heart), encephalitis (inflammation of the brain, I barely knew who I was), and a couple other things I can't remember without checking my medical records. I didn't get a liver transplant because I wasn't expected to live. Somehow I did, and am on my road to recovery. + +But more importantly, by the time I was hospitalized, I was barely able to communicate. I could not recognize or identify close friends or family. I did not have the chance or ability to make a will, discuss finances with my family, set up a college savings account for nieces, etc. I was vastly unprepared for the most unexpected circumstance. + +It took one hell of a lesson to teach me to be prepared-- prepared beyond the "save as much as possible" mantra. + +What are yall's thoughts? Things that seem obvious to you are not obvious-- or pressing-- to the rest of the FI community. Please share. + +I haven't changed my savings plan much, but. For Garfield's sake. Stop and smell the roses. Twice. + +Edit: Because this post became somewhat popular, I'd like to emphasize something I think most people already know: When things were bad, **at no point whatsoever did I think or care about money or work**. What I did think about: + +\- How much I wanted to have one more hamburger + +\- That girl I never asked to go on a date. + +\- The embarrassing thing I said in class 12 years ago. + +\- All the experiences I had planned for RE but couldn't do. + +\- How silly my family/friend arguments were. + +\- I could go on and on, but you get the picture. + I remember a time when everyone was excited about crypto… We used to constantly hear about how we’ll have ATMs everywhere and seamless integration with fiat with crypto payments accepted everywhere and all that stuff. I understand that it’s too volatile but stablecoins should be the solution. Are we going to have crypto ATMs or were these promises just hype? +https://www.cnbc.com/2021/10/21/fed-to-ban-policymakers-from-owning-individual-stocks-restrict-trading-following-controversy.html + +Responding to a growing controversy over investing practices, the Federal Reserve on Thursday announced a ban on officials owning individual stocks and limits on other activities as well. The ban includes top policymakers such as those who sit on the Federal Open Market Committee, along with senior staff. Future investments will have to be confined to diversified assets such as mutual funds. Fed officials can no longer have holdings in shares of particular companies, nor can they invest in individual bonds, hold agency securities or derivative contracts. The new rules replace existing regulations that, while somewhat restrictive, still allowed members to buy and sell stocks. “These tough new rules raise the bar high in order to assure the public we serve that all of our senior officials maintain a single-minded focus on the public mission of the Federal Reserve,” Fed Chair Jerome Powell said in a statement. Under the new rules, the officials will have to provide 45 days’ notice in advance of buying or selling any securities that are still allowed. They also will be required to hold the securities for at least a year, and cannot buy or sell funds during “heightened financial market stress,” a news release announcing the moves said. + +The rules come on the heels of disclosures that multiple Fed officials had been buying and selling stocks at a time when the central bank’s policies were designed to improve market functioning, particularly during the Covid crisis. Regional presidents Robert Kaplan of Dallas and Eric Rosengren of Boston both resigned shortly after disclosures that they had engaged in trading of individual securities last year. In Kaplan’s case, the moves occurred in large-dollar allotments. Vice Chairman Richard Clarida also had been featured in the reports. Powell also sold securities last year, though they were exchange-traded funds that tracked market indexes. +> “Boards of U.S. university endowments would be prudent to divest from People’s Republic of China firms’ stocks in the likely outcome that enhanced listing standards lead to a wholesale de-listing of PRC firms from U.S. exchanges by the end of next year,” Keith Krach, undersecretary for economic growth, energy and the environment, wrote in the letter addressed to the board of directors of American universities and colleges, and viewed by Bloomberg. + +From: +https://www.bloomberg.com/news/articles/2020-08-18/state-department-urges-colleges-to-divest-from-chinese-companies + +This is going to be true for most institutional investors and certainly retail investors. If you own stock in Chinese companies, you should sell now. +Holy fucking polygon on wheels. Let's be honest Elon will never sell meaningful volume on this truck. + +Ford and GM slept fucking good last night after seeing this disaster. + +The Top reasons people buy trucks + +They fucking hunt, do you think a mother fucker dressed in Carhartt would drive this + +They do shit like mudding and driving on dirt roads, Elon stop it + +They need to haul tools and shit for work, nobody and I mean nobody is pulling up on a job site with this fucking thing. + +They pull campers and trailers, you think the lame ass dude pulling a camper arrives at Yogi Bear Park with the family in the Cyber punk truck + +They have a small dick, these fucks want something more flashy, women need to know they have money, a 40k garbage can on wheels won't cut it. + + I showed this truck to my test group of Beckys they thought it was movie prop. I told one of them, imagine we are on a date and the truck breaks down on the way home, lucky for us I got an ATV charging in the back and I can give you a ride home still. She left me on "unread" + +Overall this truck fucks. + +The only use I can think of for this truck is for local shoot outs, the homies can use the flat bed top as a shield. Sadly the windows don't catch bullets right now so put the new guys in the front. + +Edit: Didn't know how polarizing this post was going to be, I had a few good laughs in the comments. Don't be so emotional and have one yourself. That was the purpose + + +I am thinking of leaving my long term partner, we’re not married but do have a contract on our living situation. 2,5 years ago we bought our first joint house together, for 300k. We had to pay an additional 10k in taxes and admin cost, and spent 5-10k in renovations. We currently have a mortgage of 145k, and paid off 10k of the original sum. + +The remainder of the cost for the house were paid with my savings and profit from previous house I owned. Hence I own roughly 75% share and he owns 25% share. If we separate I have first rights to buy him out, and then he does (he would not be able to though), and if neither of us want it, we sell. + +The minimum I need to buy it for is the current market value, as assessed by an independent party/realtor. Given listings in the last few months, my estimate is that it would be 350-380k, as prices have been increasing loads. If I buy him out, it would likely cost me between 50-70k for the house alone, and he’s said repeatedly he’d try and bleed me dry on buying other household items / furniture that we bought together, so it will be a large sum altogether. I would be able to finance this through raising the mortgage. + +The risk I see is on the current housing market. Many media are warning that there will be a housing market crash, despite the continued growth in prices and shortage on the market due to the current situation, but there is no telling how much the impact would be on the house or when. The least risky option would be to sell, but then obviously I would still need to buy a house in the same market and the admin and tax would be much higher than if I bought his share.. + +Looking for some perspectives on what options I have an what redditors would do in my situation? +Hello all, + +I apologize for the silly post, but I can’t help but feel I’m behind on my goals. Looking for some reassurances that Im heading in the right direction. + +I am a 29 year old with a current net worth of $360,000. $340,000 in dividend stock and various ETF’s, reminder in cash. + +I plan to retire with dividends as my primary source of income. I am looking to generate $5,000 a month, I am also looking to retire at age 40. My home will be paid off as will any other loans I currently have. + +Do those who have done this think I am on track to accomplish this or am I going to need to ramp up my savings/inventing. + +UPDATE: +For those who have asked. + +Annual Income: ~ 100k a year. +Mortgage: $2400 +Monthly expenses: try to keep it between $1000-$1500 +Dividend yield: ~ 4% looking to increase this number to obtain my goal. +Annual savings goal: $50,000/yr + +I make the max contributions to my companies 401k and HSA yearly. I have done this since the first paycheck I received. + +Side note: net worth is based solely off of my money. I am married but my wife is not as of yet working. + +So to the random comments stating my parents have handed me money. Please check yourself before making pointless accusations. + +Thanks, +First off, I believe in the DD and the thesis never changed. Buy, HODL, DRS. Got it. + +But, from the beginning of this week's Saga. Our lord and savior RC tweeted from a retail location in Florida. That got everyone's tits jacked cause "741". + +Then some semi smooth apes did some sleuthing and assessed that NFTCon (keyword "con") was taking place 15 miles away from the location that RC tweeted from. And that's almost all it took to reach the conclusion that RC was going to announce an NFT at the event. + +To stoke the flames even more. A "typo" : GaME Day, was tweeted which convinced the subreddits that today was the day. But that was later disproven to be a ploy to gain viewership from the apes. But that wasn't disclosed until after a brigade of apes flooded the chat spamming GME sentiment, flocking to the messiah. + +Guy's, I will hodl til I die. But that shit is downright fucking embarrassing. 0 DD, 0 confirmation, 0 empirical evidence to support the claims that anything was going to happen today, purely hope and hype, there's nothing wrong with that. Except for two things. 1. The brigading. 2. Apes got down right duped. Those two things combined make apes look like morons that will charge a platform over a cause with no evidence. Some fucking Qwerty Anus, Pizzagate shit. ( watch the documentary on HBOmax (into the storm) if you have a fucking problem with shit talk about (17) quinoa, sorry automod). + +Bottom line: everything about MOASS is founded on hard facts and fucking numbers, ya know the shit that lawsuits and investigations are built on. Not cryptic messages, not ready player one fantasies. You don't get windfalls of cash because you discovered an Easter egg in a map hidden on the back of the declaration of independence. Enough with conspiracies and RC trying to communicate with us through the ether. Buy, HODL, DRS. Stop fucking brigading, especially when you have 0 corroborating evidence. Here's a simple rule from the military (watered down for smooth brains) you need 3 pieces of corroborating evidence to support a proposed operation. NFTCon is taking place in Florida, that doesn't mean shit. RC tweets from Florida 15 miles away, ok, you have my attention, but that's not evidence that he will be there. You need two more pieces of no bullshit evidence to support the hypothesis that he will be there. "741=NFT" is not evidence. "GaME Day" is not evidence. An unverified screenshot of a fucking chat that says "where's RC" is NOT fucking evidence. Get it together. + +By the way, a screenshot of all these fucking DRS posts is NOT evidence of DRSing. The pictures of mail from CS with verification tags with usernames are way more fucking valid than an image that can be ripped off and photoshopped with a new account number. Remember the "official chats" between shitadel and robbinghood? + +Apes, come on. Get your heads on straight. Stop playing right into the fucking hands of shills. Don't let their piece of shit misinformation and messaging campaigns get the best of you. + +Buy. HODL. DRS + +✊🏾💎🚀🌕 +I'm a 34 year old male and just completed what I consider to be my first year actively pursuing FIRE and likely the LeanFIRE version of it. + +At 30 years old I was in a very unhealthy marriage. My wife was both abusive and unfaithful. I had just lost my last grandparent. My dad had just passed away. Though I loved my job as the assistant manager of a Christian supply store, it paid little at $12 an hour, and it was going no where. In fact, the chain has since shut down. + +I'd listen to podcasts about finance and FIRE was just an impossible dream, especially being married to my wife. What if I could just start over? + +With my wife's infidelity, my marriage came to an end and I was a wreck. I needed a road trip. In light struggling with a good paying job, I got a CDL. For the next 14 months I travelled across the United States, saving about half of my income, listening to a lot of podcasts, and working on my mental and spiritual well-being. + +While on the road I realized I would soon have credits expire for an abandoned degree if I didn’t go ahead and finish. This was a seminary degree. Though I did not have the same ambitions I once did to be a pastor, I thought it would be a good idea for my mental and spiritual state to go back. And so I did. + +I then spent the first 7 months of 2020 as an intentionally unemployed seminary student. I would finish my last class online in August, completing my Masters debt-free, paying for all of it upfront with my savings as a truck driver. + +July of 2020 is when I began looking for a job again. Not knowing what to do, I pulled up Indeed and on the front page was a local job as a yard driver at a major distribution center. As I had a CDL but didn’t want to live on the road again, I was interested and started immediately. I consider my first paycheck as the date beginning my FIRE journey. + +Interestingly, I trained for 2 weeks as a yard driver and only worked in that role for a single week. Management thought me more capable and put me in the new role of Yard Management Systems Administrator. For the last year I have had that title though I have been training for the last 6 months or so to become Area Manager of Transportation. I have already applied for this position and, if I get it, this should increase my income by about 80%! Also, I will have to work less to receive that increase in pay. + +As far as my living situation, as a single guy with one parent left, I stay with my mom. She's elderly, has dealt with cancer, and is not 100% self-sufficient. I live with her, paying her rent. It's mutually beneficial. + +So here are the numbers: + +In July 2020 I had $5,804 net worth minus my car. Immediately after getting my job I paid off my car, about $1800. + +In the last year my total pay after taxes was $35,115. My expenses were $17,275. I saved and invested $17,839. As such, my savings rate was 50.80%. For clarity, my expense include paying off my debt. + +I now have a net worth of $23,643 with $20,176 invested with a cost-basis of $18,516. + +My numbers are not as high as many here but I live in a low cost, low paying area of the United States. Also, my career has nothing to do with my education. + +I’m crossing my fingers here but if things go right with my hopefully-upcoming promotion, I should be able to double the amount I am able to contribute to my investments. Wish me luck. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +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! + +For fun I've embarked on an experiment to buy and hold 30+ cryptocurrencies for a year. Here is the original blog post where the idea came from: + +http://blog.mclain.ca/what-would-happen-if-you-bought-30-crypto-currencies-and-held-them-for-365-days/ + +I made my purchases on the 20th and will be posting weekly with updates on my positions: + +http://blog.mclain.ca/31-crypto-currencies-week-1/ + +I thought this community might find this interesting. If there's interest, I'll post my weekly updates here. Let me know if you have any ideas on how to make this experiment more interesting, or if there is something specific you'd like to see on a weekly basis. +First of all, as someone from a third world country that's been sanctioned, all sanctions do is bring a famine to a country. (Looking at Syria, Venezuela.. etc) All those thinking they sit on a moral high ground calling for the hunger of millions of people are disgusting double standard subhumans that have no empathy for their fellow human. I've seen people dying of hunger in the streets and guess what ? The governments are still strong and standing cause this isn't a fairy tail where the good side always wins. + +Double standard cause the US have done far worse than this in literally every war they financed and/or were directly involved with, yet if anyone mentions this they're accused of being Putin apologists. + +I can't fathom how cruel some people can get and calling for the hunger of a whole nation because of the actions of their fucked up dictator ! Do you (americans) think that you, your families and tour children deserve to suffer and famined because of your government's actions in the middle east, Latin America and around the world ? Do you ? + +Fuck every single government. Power to the people. + +You don't understand the basics of decentralisation, it's NOT hooray decentralisation unless some with a different belief system is using it. God I hate this sub lately + +Edit : I mentioned the US doing far worse to point out that the American people DON'T deserve living in a famine for their government's actions, same like the Russian people or any other nation's people for that matter. Not because I'm pro-dictatorship like people are accusing me of.. but I think I won't defend myself anymore cause some people are so agenda oriented and so blind to the truth even if you hit them in the face with it, and will always see anyone who speaks out against the state media points as "Puting apologist" or "pro-dictator" or whatever new trendy name is used for public shaming anyone who thinks outside the flock +I was wondering, where are all the experts and analysts who a month ago were predicting and shouting to the sky BTC 100K, ETH 10K? + +Just to "save" those who posted nonesense ive saved some "news portals" who were saying this just to get those sweet and juicy clicks. + +There are dozens of examples but i'll post 8 from BTC and 4 from ETH, lets go: + +&#x200B; + +**BTC:** + +* [Yahoo Finance BTC 100K](https://finance.yahoo.com/news/standard-chartered-predicts-bitcoin-hit-102045961.html) +* [CNBC about CoinList BTC 100K](https://www.cnbc.com/2021/10/28/coinlist-ceo-sees-bitcoin-hitting-100000-by-the-start-of-next-year-.html) +* [Express UK BTC WILL SURGE PAST 68K TO 100K](https://www.express.co.uk/finance/city/1519172/bitcoin-price-now-today-rising-prediction-evg) +* [FinanceMagnates and Mike McGlone BTC 100K epic charts](https://www.financemagnates.com/cryptocurrency/bitcoin-at-100k-how-will-the-crypto-end-2021/) +* [Forbes with Alexander Puutio BTC "60k wont be the end of the bullrun"](https://www.forbes.com/sites/alexanderpuutio/2021/10/29/three-reasons-why-bitcoin-will-see-100k/?sh=479c2cb8202f) +* [TIME saying BTC 100k](https://time.com/nextadvisor/investing/cryptocurrency/bitcoin-price-predictions/) +* [Gadgets360 saying BTC will hit 100K EOY](https://gadgets.ndtv.com/cryptocurrency/news/cryptocurrency-bitcoin-price-news-usd-100000-mark-bloomberg-analyst-mike-mcglone-ether-eth-btc-2546986) +* [**NASDAQ SAYING BTC MAY HIT 100K EOY**](https://www.nasdaq.com/articles/bitcoin-price-prediction-2021%3A-why-btc-could-hit-%24100k-by-year-end-2021-06-04) + +&#x200B; + +**ETH:** + +* [INSIDER ETH PRICE PREDICTION 10K EOY](https://www.businessinsider.com/ethereum-price-prediction-10k-tokens-altcoins-driving-mini-defi-boom-2021-10) +* [TRADING EDUCATION " The expert believes Ethereum (ETH) and Bitcoin (BTC) will have a market capitalization of a combined $4.5 trillion "](https://trading-education.com/will-ethereum-reach-10000) +* [YAHOO saying Megan Kaspar is sure ETH 10K EOY](https://finance.yahoo.com/news/crypto-analyst-who-called-ethereums-climb-to-3400-reiterates-a-10000-call-195159080.html) +* [EXPRESS UK - ETH 10K EOY](https://www.express.co.uk/finance/city/1480004/ethereum-price-news-latest-bitcoin-price-bull-market-crypto-cryptocurrency-the-flippining) + +For all new investors, let this be proof that no one knows anything at all concretely, all the time we are seeing "experts" and "analysts" predicting and being sure of things that are not real. + +It is really good to read the news and stay informed, but we must always bear in mind this type of misinformation that affects a large part of investors. + +There are still 17 days until the end of the year and all the predictions can happen although now we are in extreme fear and most think that we entered a bear market and that it was "obvious" that all this "was coming". + +Nobody knows anything, if they knew how to anticipate the market all those who are giving "advice" would be millionaires and would not be writing nonsense. + +It is not the first time that this has happened in the crypto world and it will not be the last, I think it is healthy to keep a memory of these attitudes since they influence much more people who are just starting to invest. + +&#x200B; + +Left "100k EOY tweets" aside because there are too many to list here. + +**Do you have any other page that has said and alleged all this and is now very quiet?** +Some people are spreading FUD that once Merge occurs, massive unstaking will occur, leading to massive dumping of ETH. This is totally false! + +After the Merge, the ETH is still locked after the merge for at least 6-12 months. + +And people may not even want to unstake --- the transaction fees will go to the stakers, and this is expected to be lucrative! + +Source: [https://ethereum.org/en/upgrades/merge/](https://ethereum.org/en/upgrades/merge/) + +### Misconception: "You can withdraw staked ETH once The Merge occurs." + +False. Staking withdrawals are not yet enabled with The Merge. The following Shanghai upgrade will enable staking withdrawals. + +Staked ETH, staking rewards to date, and newly issued ETH immediately after The Merge will still be locked on the Beacon Chain without the ability to withdraw. + +Withdrawals are planned for the Shanghai upgrade, the next major upgrade following The Merge. **This means that newly issued ETH, though accumulating on the Beacon Chain, will remain locked and illiquid for at least 6-12 months following The Merge.** +*A note before RC’s article below: If you are ever fearful, uncertain, and/or doubtful about GameStop’s ability to overcome the parasitic criminal shorts, JUST REMEMBER: THIS is the man we’ve entrusted with BILLIONS of dollars. Read it, read it again, and then watch the FUD completely evaporate* + + +*Link to original article: https://www.entrepreneur.com/article/349890* + + + +By Ryan Cohen May 4, 2020 + +Everything I know — from empathy to the principles of making money — I learned by following in the footsteps of my late father, Ted Cohen. We spoke for hours every day. He was, and always will be, my best friend, advisor and biggest advocate. A successful glassware importer with an impeccable work ethic, my father never missed a day on the job. If he were here today, he’d be worried about the millions of unemployed and struggling businesses across the country. The warehouse workers, drivers, construction workers and small-business owners — those are the people he respected most. Looking back on his life and influence, the following five principles he showed me were critical to my success building Chewy.com and investing. + +**Watch your expenses** + +Disciplined capital allocation is one of the most important skills for running a successful business. Thanks to my father, I had the privilege of learning this firsthand. He kept track of every expense —his power bills, daily gasoline prices that impacted transportation costs, the individual prices of hundreds of glassware products that he sold. My father also kept tabs on Chewy’s metrics. He memorized the key performance indicators in both of our businesses. + +At Chewy, we had maniacal discipline when it came to how we spent money. The company-wide culture of frugality came from his example. Free cash flow was our unwavering governor of growth. We grew Chewy from $200 million in sales in 2013 to $3.5 billion in 2018 while spending only $130 million in capital, all of which went into opening distribution centers across the country and acquiring new customers. + +**Delight your customers** + +My father always repeated this quote from his own father: “If you take a carload of this (pointing to a pallet of glassware) you’ll make more money. But if you take a carload of that (pointing to a different pallet), you’ll make less money, but you’ll keep the customer. So, take a carload of that.” + +When we started Chewy in 2011, selling pet food online wasn’t a novel idea. The field was crowded with competitors, including Amazon. But our mission was to delight customers in a more personal way. We believed combining the experience of the neighborhood pet store with the convenience of shopping online was a key differentiator. The focus was fast shipping, competitive pricing and providing customers with a hyper-specialized experience. My father showed me how building lifelong relationships with customers was far more valuable than optimizing for short-term profits. + +**Be the person others want to follow** + +My father led by example, but not in a deliberate way. It’s who he was. He never patronized anyone. He admired the blue-collar worker. I watched him roll up his sleeves and help his employees move shipments of glassware from trucks into the warehouse, then put his suit jacket back on, shirt drenched in sweat, and do administrative work. I’ve never seen anyone work harder. + +I was fortunate to find employees at Chewy who worked relentlessly to grow the company from a three-person operation to a household brand with more than 10,000 employees. We didn’t disrupt the pet industry by accident. Our team made huge sacrifices. We opened our first fulfillment center in early 2014, and everything from the warehouse management system to the Wi-Fi would constantly break down. The team worked 16-hour days for weeks until our supply chain was humming. Everyone from the fulfillment staff to the directors and executives were committed to Chewy’s success. You don’t get that level of dedication by leading through fear. My father always said, “You catch more bees with honey than with vinegar.” + +**Take the long view** + +My father was never looking to make a quick buck. He had no interest in material possessions. Every year, through thick and thin, he invested his savings into the stock market. He believed the real money was made through time in the market, not timing the market. When I was 13, he gave me a chart comparing real estate to stock market returns since the 1920s. Real estate annualized returns were around 4 percent, and the stock market was around 9 percent. It didn’t take long for me to figure out which I preferred. I’ve been investing ever since. My father never invested in any fancy funds or paid management fees. He bought blue chip companies and held them forever. His 20-year annualized stock returns were over 10 percent. He never borrowed money or paid interest. + +As we scaled Chewy, many advised us to slow down and raise prices. We disagreed. Key to our success was obsessing over customers and market leadership. Over the long term, customers and profits intersect. + +**Trust yourself** + +Entrepreneurs don’t operate with a handbook. My father taught me how to be independent and trust my own moral compass. He encouraged me to separate myself from the herd and think critically. When I told him I had no desire to go to college, he shrugged. Whether he agreed with my decisions or not, he supported me unconditionally. Letting me make my own decisions sowed the seeds for me to become an entrepreneur. The confidence to never compromise my vision of building Chewy into the largest pet retailer came from knowing if I failed, he would always love me. + +For 45 years, he was the first employee to open his office and last one to leave. He showed me how perseverance and discipline ultimately pay off. Not only was his work ethic unmatched, so was his commitment to family. He gave me unconditional love and showed me how to be a father. Above all, he taught me that the best decisions come from heart, instincts and empathy. + +Dad, I will forever be grateful. + +Ryan Cohen is the founder and former CEO of Chewy.com, a company he started when he was 25 years old. In 2017, Cohen made history when he sold Chewy to PetSmart for $3.35 billion in the largest ecommerce deal in history. In 2019, Chewy went public at a valuation of $8.7 billion. +Two days ago, Ryan Cohen posted two tweets. The first was “Flatulence is the best icebreaker”, and the other was “Preferably on the first date to assess devotion”. It was speculated by many that it refers to low gas fees. + +GameStopNFT Wallet was just updated. The release notes are as follows: + +___ +V0.3.2 Release Notes + +Ramp Promotion + +Purchase ETH through Ramp with 0% fees for a limited time. + +Various bug fixes and security improvements + +Performance improvements and bug fixes impacting a small number of users. +___ + + +With how specific Ryan was in his two tweets, I am speculating that he was talking specifically about gas fees (or the lack there of) on launch of the iOS app and NFT Marketplace. + +After this wallet update, I believe that the Marketplace launch is imminent. GameStop will push their marketplace to the masses by covering fees when purchasing through Ramp. + +Just checking Ramp, fees for me to purchase 1 ETH is $1105.93 USD. Current market price is $1073.77 at the time of writing, meaning fees are ~$31. + +For every 1 ETH, GameStop is covering up to $31 of fees. Keep in mind fees vary depending on multiple factors, but that’s still a massive number! + +TLDR: MOASS tomorrow. NFT marketplace and iOS launch imminent 🚀🚀🚀 + +Edited for formatting. +## First Here’s Some Context: + +ZIM is an Israeli maritime shipping company. They are one of the top 20 shipping companies in the world with 4,427 employees. The company was founded in 1945 and initially started by shipping hundreds of thousands of immigrants to the newly created nation. The company, while in existence for three quarters of a century, only went public in January of 2021. + +## Quick Financial Ratios: + +At the time of writing this the price of ZIM is $55.99. This puts its PE ratio at 1.44 and its PB ratio at 1.38. Return on equity for fiscal year 2021 is 191% and return on assets was 75%. The ratio between these two figures is 2.55:1. If we compare this to their debt to equity ratio of 1.14:1 we can see that they are using their leverage effectively because their returns outpace their level of debt. Their quick ratio (assets - inventory)/current liabilities sits at 1.78 and their current ratio (current assets/current liabilities) is a bit higher at 1.84. + +## As We Can See, The Company is in a Fairly Healthy Spot Just Looking at The Ratios + +It is not saddled by an enormous amount of debt relative to its equity and is trading at an extremely low valuation given its margins on assets and equity. + +However, we need to look a little deeper than that. If we look at the balance sheet for fiscal year 2021 we find something a bit concerning. + +[balance sheet](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%2F5b8dad06-1f77-4f5c-ac45-19bcf456a947_2376x250.png) + +Over half of the company’s shareholder equity comes from retained earnings *that occurred only in 2021!* Before this last year the company was running a retained deficit of over a billion dollars. + +[income statement](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%2Fb549533b-a811-43ec-a680-8f465a435111_2356x1158.png) + +In 2021 they made $4.65 billion dollars and in 2020 they made only $524 million. The years before that are even worse, 2019 was a loss of $13 million, 2018 was a loss of $120 million, 2017 was a gain of $11 million, 2016 was a loss of $164 million, and 2015 was a gain of $7 million. + +Out of all seven years only two of them had good earnings for the current valuation of the company and those occurred during a black swan event that may or may not continue. + +[According to ZIM management](https://investors.zim.com/news/news-details/2022/ZIM-Reports-Record-Financial-Results-for-the-Fourth-Quarter-and-Full-Year-2021/default.aspx) the increases in revenue in 2021 are mainly due to an increase in freight rates and carried volume. + +While carried volume may remain or increase from its current levels it is unlikely that freight rates will remain at these historically high levels. This can be attributed to the mean reverting nature of freight costs. + +[freight rates](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%2Fe3607fcf-7281-41bd-8688-2ecb1413a370_1600x466.png) + +This coupled with the highly cyclical nature of ocean shipping means that these high levels of earnings are unlikely to be sustained over the long term. Given that ZIM has ordered 36 new vessels the market conditions will have to support this large increase in their fleet size. + +According to ZIM: + +>During 2021 and subsequent to year end, ZIM entered into four charter agreements for a total of 36 newbuild vessels, as follows: +10 x 15,000 TEU LNG dual-fuel container vessels chartered from Seaspan, intended to serve on the Asia to US East Coast trade +18 x 7,000 TEU LNG dual-fuel container vessels chartered from Seaspan (15 vessels) and an affiliate of Kenon Holdings (3 vessels), intended to serve across various global trades +8 x 5,300 TEU wide beam vessels chartered from Navios Maritime Partners, intended to serve in trades between Asia and Africa +All the newbuild vessels are expected to be delivered to ZIM during 2023 and 2024. + +With these container ships averaging about $100 million dollars each, ZIM is looking to spend over $3 billion on ships which is currently about 65% of shareholders equity and 30% of total assets. + +Again, if [industry forecasts](https://www.chainalytics.com/your-2022-us-ocean-cargo-outlook/) of [lower shipping rates](https://simplywall.st/markets/us/industrials/marine-shipping) are correct, this could be a concerning observation. + +## Now Let’s Just Say Hypothetically That ZIM’s Earnings Fell to Pre-2020 Levels + +What would that look like on our financial ratios? + +(For reference we’ll use $100 million net earnings as an optimistic outlook.) + +At the current market capitalization of $6.72 billion and 119.81 million shares outstanding we would be looking at approximately $0.83 cents of earnings per share, putting our PE ratio at 67.46. + +Return on equity would fall to just over 2% and return on assets would fall to 1%. + +## What Does This Mean For ZIM? + +This analysis of ZIM is not meant say that ZIM is a bad company, but simply is trying to show that investing in ZIM by projecting its 2020 and 2021 earnings into the future would be a bad idea. The shipping industry as mentioned before is highly cyclical and thus, the current earnings cannot be expected to be sustained. Any bet made on this company will not be based on its financials but rather *what the ocean shipping cycle will look like over the next few years.* + +These two issues should not be conflated, if you have strong conviction that ocean shipping will remain strong throughout the next few years, then ZIM could be a good bet. However, if you are only interested ZIM based on its current earnings and assets then I would recommend staying away from this company entirely. + +Hopefully this company analysis has been insightful. I'll try to answer to any comments or questions. +Hey guys, my brother and I decided to open a new youtube channel, hopefully we can share some of our investing knowledge. In the video below we talked about Peter's claim, where he thinks investors could beat professionals by investing in things they have information of from their day to day experience. + +Would love to hear what you guys think about Peter's claim. I Would also love to hear personal stories of succesful investment ideas you found by using this method. + +https://youtu.be/S6FUqWjcUFU +I have a friend in Bogota that said 5$ is what she spends on groceries in a week which got me thinking how awesome it would be to retire there or somewhere similar. +Hello Apes! + +Another ape and I had it in mind to post something like this periodically, so here we are! It seems to be helpful! Not just Ape no fight Ape, Ape Help Ape. WAGMI. + +I’m just acting as the messenger, hopefully I can make everyone's day better as well. No one has to be struggling or feel alone. + +—— +Hello all, so this has been getting a good reception and helping people in many ways, and I'm just so happy for that. Did everyone have a good week? Do anything for Valentine's day? Or maybe not, it's okay, you're not alone. The market is closed on Monday, and 2sday is looking to be an interesting one, so we all have that to look forward to. + + Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. + +No one should be without. We're all family here. Even if this helps a few people then it's worth it. + +If you need help, if you're struggling, please ask. We are all a collective community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! Cheers everyone 🍻. + +And for the critics, not everyone who's struggling is over leveraged. Alot can change in a year, and you just never know what people are truly going through. A little compassion never hurts 😄. + +Use your gut and ape help ape! WAGMI +Every few months I see another post here from someone considering law school or starting out in biglaw. I've been practicing for over a decade now (including a few years in biglaw), and I feel like I can offer some perspective for people who are at an earlier stage in their legal careers and aiming for fatFIRE. Everybody has a different experience, and I'd love to hear what other lawyers/ex-lawyers have to say. It's somewhat common on reddit and other message boards for lawyers to offer tips on being an effective associate, but not so common for us to offer advice on "success" as a lawyer (whatever that means to us personally) seeking fatFIRE. + +A few pieces of advice based on my experience: + +**1) Be realistic about biglaw partnership and how that relates to your long-term planning.** + +It only took a few months after I started as a first-year associate for me to realize that I wouldn't be happy as a partner at my firm. I was a corporate associate and the partners in all the corporate groups in my firm were on call basically 24/7 and worked long, unpredictable hours, with only a handful of exceptions (typically very senior partners or rainmakers). I could handle this lifestyle in my 20s, but it wasn't something I wanted to experience with kids in my 30s and 40s. + +Now that I've been out of law school for a while, a number of my friends are biglaw partners, and a few other friends are currently making a run for it. Taking a shot at partner requires serious sacrifices. In the vast majority of cases, work needs to be your absolute, #1 priority for at least two to three years. And even then, your chances might be around 25%-75%, depending on who else is trying to make it and the performance of your practice group in the years that you happen to be up. That's a lot of uncertainty considering the sacrifices required. Imagine dedicating every single day of your life for 3 years, with no "protected" off-days, to one goal and then failing to achieve it solely because the economy happened to take a dive at the wrong time. And even if you do make partner, things don't slow down much. At least not for a few years. + +Of my friends, those who seem to be doing best as partners are those who are both very hard working and psychologically comfortable making their work the number one priority in their lives. Being smart is also important, but it's less important than your industriousness and willingness to consistently prioritize your work above everything else. + +To be fair, the picture I'm painting here is probably a bit New York-centric, and the sacrifices are probably not quite as extreme in secondary markets and at less profitable biglaw firms. But I think the general idea is broadly true throughout biglaw. + +In any event, the reality is that biglaw is not a sustainable lifestyle for most associates; the attrition numbers don't lie. So you should incorporate that information into your long-term planning. If you work from the assumption that you're more likely than not to leave biglaw after a few years, that may have a big impact on how much you choose to spend or save as a junior associate. + +**2) Think about what your path might look like if partnership isn't on the table.** + +Even if you aren't going to stay at a firm forever, the practice group you choose can have a big impact on the future of your career. For example, if you've spent 5 years doing exclusively capital markets work, you're probably not going to be an attractive prospect for a startup hiring its first lawyer. Similarly, if you're a litigator at a big firm, there are going to be a lot fewer in-house roles available to you. On the other hand, you might be a strong applicant for a government position. If you're in a specialist group like derivatives and you want to leave biglaw, it's going to be much easier to move to a financial institution than an e-commerce company. So it's going to be easier for you to find a job in the NY area than in TX or CA. + +Overall, I'd say that M&A tends to be the most versatile practice area in terms of teaching skills for the widest variety of future positions. But it's also one of the most volatile and unpredictable in terms of scheduling and work-life balance. + +As a mental exercise, you might ask yourself: Assuming I leave biglaw after 5 years, what do I think the best outcome would be? If achieving fatFIRE is important to you, that would influence what the best outcome looks like. You don't necessarily have to take every possible step to achieve that outcome, but given the very high attrition rates in biglaw, this is worth thinking about seriously. + +**3) Think creatively about your career.** + +It seems like a lot of lawyers who want to get out of biglaw can't imagine doing anything other than practicing law at a smaller firm or going in-house. Those are both perfectly fine careers, but there are other ways to make a living, and if those options aren't appealing to you when the time comes, don't be afraid to take on a little risk. You'll survive. In my case, I wanted more autonomy and more diversity in my practice, so I left biglaw and went solo several years ago. The practice has grown nicely, and now about 20% of my income comes from non-legal consulting in a niche area. In contrast to my experience in biglaw, now I find my work very interesting and it demands a lot of creative and strategic thinking, and I have much more control over my schedule. There are downsides as well, but I feel like taking on a bit of risk has vastly improved both my career satisfaction and my work-life balance. + +**4) Don't get trapped.** + +This relates to point 3. If you're unhappy in a biglaw or in-house role, make a plan to leave, execute it, and **get out**. Don't be afraid. Biglaw pays well, but there are many other ways to build a career and get to fatFIRE. I've seen people work for years in jobs that made them miserable because the alternatives seemed scary in one way or another (usually, it was the potential paycut that was scary). Don't get trapped. +Hey Apes - this theory is literally just that. A theory. So take with a dash of salt. + +I'll be operating with quite a bit of conjecture but this is after a critical assessment of the most relevent and important DD since Jan while also being intensely focused on the political/financial reactions that have taken place within the government and financial institutions. Additionally, applying the knowledge we've all gained throughout this saga to the political (NOT talking about sides) landscape using occam's razor we may just be able to better understand why the US Goverment actually WANTS this to happen. + +So, first off lets rewind history several decades and look at the general political landscape in the USA. In a country run by Capitalism, it has become common knowledge and a widely accepted truth that large private entities such as banks, financial institutions and corporations can and have often lobbied to influence political decisions in Goverment. Even though this practice has been criticized over the years, nothing has really been done to prevent this. In contrast to this, other countires have laws and limits in place that prevent how much a private entity can contribute thus limiting their degree of potential influence. + +**So in short- Goverment and politicians can be easily influenced to act in the interest of private institutions such as financial institutions and corporations because moneyz.** + +So, what does this matter? + +Well when you step back and review what happens when the weight of power shifts from private companies controlling the political landscape as opposed to honest decisions being made by uninfluenced people, you can easily deduce the fact that the system became broken a long time ago. Goverment is no longer acting on behalf of the people, making decisions for the people... No, their nutsacks have been squeezed by private enterprise that has consistently steered policy and developments for the past several decades in a manner that benefits the corperations and pads the pockets of politicians. Don't believe me? Why is it getting harder and harder to live in grow in a first world country? Food, jobs, housing, all becoming increasingly difficult to acquire for reasonable cost. (Yes other factors influence these as well) + +**So in short - Clearly no is working for you. Just a bunch of suits pretending to.** + +Now, how does this apply to MOASS and GME you ask? + +Well for argument sake, let's assume there are still a large number of good people working in Goverment that simply don't "fight the good fight" because it's an uphill battle that would last for an eternity... + +Hell, let's even just assume it's a few people that are in the right places. + +**Now lets create a scenario where something massive happened like a certain stock was shorted to oblivion several times over while a bunch of Apes decided to - worldwide - buy that same stock several times over which made it impossible for several large financial institutions to close their short positions without causing a nation wide financial implosion.** + +Well it looks like the nutsack squeeze of power that private institutions had over goverment to do their bidding just entered into a massive game of role reversal, if you will. Uno anyone? + +Now good old Uncle Sam is watching the institutions start to sweat and squirm. + +**And Uncle Sam is tired of getting fucked**. Uncle Sam has parts of him that know he must do good. + +Enter Gary. Fucking. Gensler. + +Gary sees the tables have turned and the USA is in a disastrous dillema right now that has been precipitated by the same fuckbags that have been bending over the good old U S of A for the past 50 years or more. Gary knows what's going on, Gary has exstensive knowledge in crypto, banks, poltics, etc. Gary knows the oversight of the SEC has done next to nothing to remedy the actual problems over the years and is literally there for nothing more than public optics that create the illusion of punishment for use of the secret ingrediant... *crime* + +But Gary knows for the first time in history, hundreds of thousands of hard working people that actually make the world go round, have stumbled on to NOT JUST the fuckery that occurs in Wall St and government... But HOW THE FUCKERY OCCURS. + +And you fucking Apes backed these discoveries with solid peer reviewed DD after DD. The absolute massive influx of eyes that have now fallen upon these criminals and their nefarious deeds is like pouring gas on the match. + +**We forced their hand because we did their jobs for them** which makes Gary's job easier because he can't be coerced into staying silent when a bunch of tenacious apes are out there shaking DD bananas out of trees on a daily basis. We are the back-up someone like Gary needed to drive this whole thing home. + +**"BUT WHY?"** you ask? Well, sorry I took so long to get there but the answer is simple... + +Power. + +**For the first time in recent history The Scales of Power can now be tipped back into the actual Goverment instead of corperations, financial institutions and other private entities getting to steer the ship. A revolutionary shift can now occur due to the circumstances that are already set in motion. My belief is many decent people in Goverment have been WAITING FOR THEIR OWN CATALYST to have an opportunity to flip the system on its head.** + +Who has been making the rules? Your elected officials? Hahaha, fuck no. Wall Street. Who has been generating the policies? Wall Street. Who has been making it harder for you to get by? Wall Street. The tentacles of Wall Street slither and penetrate through the countless networks and circles of people that should be working for you, but aren't. + +Thus, if you regulate Wall Street more, and limit the use of their secret ingrediant and fuckery, while forcing a level of oversight that provides a greater degree of intimidation and compliance or risk severe consequences, then you have effectively neutralized a massive tool these entities use in their bid to spread their influence and corruption. + +The United States of America may finally be realizing if their people are consistently the victimized by the the wealthiest criminals who consistently seek out ways to force people into parting with their own money... The American people could one day be in a potentially dire situation, nationwide. And that doesn't benefit anyone. The Goverment for many years now, has no longer been the one in power, running the country. It's these powerhouse institutions pulling all the strings. + +And I think there are enough people out there that are realizing or have realized this simply can't continue. Its unsustainable for the American people and the effects are beginning to show in the world around us. With the scales tipped, and the roles reveresed, America can begin to take back some of its power. + +This isn't often talked about in this way here but I genuinely believe this is a huge part of WHY people like Gary are legitimately purusuing change. + +Will it make a perfect system when the dust settles? No. It will never be perfect. + +But will Uncle Sam stop being a little bitch for the banks and rich dicks who have been bending his people over decades, and finally give himself the opportunity needed to dust himself off and fight back? + +I think so. + +I hope so. + +<3 You Apes. + +**TLDR/Edit: I just wanted to add for clarity - The US Goverment redistributing power by way of limiting Wall Street influence does not necessarily equate to rainbows and buttetflies for all. The government can still operate poorly and dysfunctionally on it's own, even with less Wall Street - but this theory is meant to illustrate that taking power back is ALL THE MOTIVATION THEY NEED. Because in the minds of them, Uncle Sam should be the power. Not Private Corps and Wall Street. What they do after this is anyone's guess.** +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) +Previously: [https://sfist.com/2019/11/23/these-moms-are-living-in-a-vacant-west-oakland-home-to-protest-housing-insecurity/](https://sfist.com/2019/11/23/these-moms-are-living-in-a-vacant-west-oakland-home-to-protest-housing-insecurity/) + +Now: [https://sanfrancisco.cbslocal.com/2019/12/30/oakland-homeless-moms-can-remain-in-occupied-home-for-now/](https://sanfrancisco.cbslocal.com/2019/12/30/oakland-homeless-moms-can-remain-in-occupied-home-for-now/) + +TLDR; + +Wedgewood Properties bought a house in Oakland in July 2019. Four moms moved in to the vacant house in November and refused to leave after being served an eviction notice. Oakland city council is demanding Wedgewood sell or give the property to the moms. + +Can Oakland force Wedgewood Properties to sell or give house to the moms? Do the moms have a right to stay rent-free in the house? +Hey gang, + +So I have a mystery on my hands and I'm just trying to figure out if I'm retarded or if there's actually some shit going on here. + +[Some wiggidy wild funky bullshit up in here](https://preview.redd.it/87bnxsmge1u71.jpg?width=236&format=pjpg&auto=webp&s=3dad8bda85bbc5748c50d0787834521487372ef6) + +So we know that a fuck ton of puts have just expired on Friday. An amount that would cover the short selling of SEVERAL TIMES the whole fucking float over. From our fundamentals, we should start seeing dramatic (I keep using descriptive words, ngl I'm not that credible. I'm a high school dropout who's scraping to finish 2 associates rn) price action after T+2 of expiry. + +So I go to look at swaggy stocks to see what's up this week. + +[This is the options expiring on 10\/15](https://preview.redd.it/vm8lvny8f1u71.png?width=1366&format=png&auto=webp&s=bc1d0ba7f6e542b977657266bb17008e2ce43c27) + +&#x200B; + +[This is 10\/22](https://preview.redd.it/oq1eggfff1u71.png?width=1366&format=png&auto=webp&s=515b67bcfca9a08a318b9bd83ad0448137daa6be) + +&#x200B; + +# If, BIG FUCKING IF, we continue to see price suppression, the question I raise is whether or not calls are being wash sold between SHF's and just left to die worthless in order to create price suppression + +My hope is that someone's going to comment with a good explanation of what these options are actually doing, because in reality options shouldn't actually affect the price, right? What should affect the price is the act of buying and selling the stocks from those contracts when they are exercised. +First time car buyer here. I am a 20 year old female with decent credit but am not getting approved for any low interest rates because of my age. I need a car ASAP but I’m really frustrated because I don’t think I fully understand the car buying process and I don’t have anyone in my life who can help me with that. + +I’m looking at a 2017 Chevrolet Cruze with 67,000 miles on it. I can put 1000 down and pay 297$ monthly for a 5 year loan with a 13% APR. I have been approved for this through capital one. I haven’t tried financing through the dealer yet, would that change anything? + +I know that a 13% APR is pretty high but that’s the lowest I have been approved for so far.. I have decent credit but the issue is that I am 20 and haven’t had credit for very long. I have been approved with no co signer and I know that a co-signer would help the rate, but I don’t have anyone that can co-sign for me. + +I guess what I’m asking is that if I buy this car, or something similar, is it going to bury me?? With 67,000 miles on it is it worth paying that much for 5 years? What would insurance costs probably look like? I currently make about $1600-$1800 dollars a month and pay $645 in rent. + +I am test driving the car Monday. Also I am a 20 year old female who doesn’t really know anything about cars. I don’t really have anyone that will go with me. What kind of things should I be looking for when driving the car? What should I ask the dealer? How do I negotiate on price and not let them screw me over because I’m a young female on my own? + +I’m open to other cars but I need something ASAP and I haven’t been approved for anything less than $200 a month. +Apologies if this isn’t allowed. Please remove if so. I posted in another community but the audience isn’t exactly the type that would be accustomed to the standards of lux hotels. + +I am currently staying at [redacted] It is my second time here. My first stay in 2020 was exceptional; a thorough oasis of calm and tranquillity. + +My stay this time has been anything but. + +For some reason, two huge groups of 20+ people have checked in on two separate days and they are treating the hotel as if it's their own private party pad. They are loud. Like, super fucking loud. So loud that as I type this at breakfast, I feel as though I am sitting in a high school cafeteria. In the spa yesterday, it was the same. Loud. Boozy. + +Now, those of you who are familiar with the Hotel will know that this is the antithesis of what it is supposed to be. + +When I am paying roughly US$2,000 per night for a spa hotel marketed as a place to come, unwind, and detach from the world in total peace and tranquillity, I do not expect the above to happen. It is frankly a complete failure of management to enable two huge groups of holidaymakers to check in to a hotel that is pretty much only frequented by couples, honeymooners, and solo travellers. + +If I wanted a party, I would have gone to Mykonos. + +So, why am I writing this? + +I am not usually one to complain. Even when things are not 100% perfect. In all my time travelling and staying at high-end places, I have only complained twice about much more minor transgressions. But I am feeling especially pissed off that, having paid $6,000 for my three-night stay, I have not had the opportunity to enjoy any of the facilities due to loud, drunk groups of shouting and screaming holidaymakers. + +So it's safe to say that I am going to complain... but I wanted some input from those of you in this sub who are experienced luxury travellers. + +Should I be pushing for a comp stay/re-stay? A comp night? I of course won't allude to this in my complaint; I intend to provide constructive feedback and expect them to offer a suitable compromise. On this occasion, a comp meal isn't going to cut it. + +Update: Had a lengthy discussion with the GM who agreed that these events were completely off brand and that discussions will be taking place further up the chain re. groups. + +One night comped (didn’t ask for it; simply told the truth—I love this hotel and will return in future regardless, but that I was very disappointed with what had happened) and encouraged to drop the GM an email when I return the next time, so I assume some sort of upgrade for my next stay, or some sort of amenity. + +I would still recommend the hotel to anyone reading this. It’s an extraordinary experience. While the experience was somewhat of a letdown this time, their response to my feedback was in line with what I would expect from a high-end property and I am confident that it will not happen again. + +This is good enough for me. +XX holder here +What was the point of an infinity squeeze? +Locking the float so they could never buy the real shares so we can sell the synthetic ones in the brokers at any price, why suddenly we are talking about selling ComputerShare shares? +If we sell them they go in to the DTCC again and nothing changes for us if not we get some money, but this is not for the money remember?? +NO CELL NO SELL, this fucking criminals at the fed will always tryna run from their karma, the fuck, we have to lock the float and never sell the real shares. +You wanna sell shares of the new financial system that’s gonna be valued in trillions at some millions? You guys are not the apes that I thought you’ll be. Don’t put the shares back in their hands keep ‘em forever and give them to your children. Fuck selling fuck the hedgies fuck the financial system and Wall Street. We will be the new Ape Street. BUY HOLD DRS NO CELL NO SELL +Just a rant I don’t speak English + +Edit: made this post before work this morning , didn’t thought it would get this much upvotes😂, I’m not telling everyone what to do, but as a Jan ape I remember the vibe going on before and the sell world was not in our vocabulary, this is not financial advice. For everyone asking why I still hold in etoro, because if I del I lose more money then I have shares in cs, my avg is 262$, anyway if there are phantom shares, there will always be shares in some brokers that’s what we will tryna prove right? I just don’t wanna sell the must deep fucking valued shares ever. If broker defaults don’t worry RC has our back for sure with some good NFT dividend or something never expected. Of course I can sell 1 share for phone numbers but I prefer if it’s an IOU then a CS share. We want the change? We need to change, is better to HODL or to HOLD? Says everything +I’ve been day trading for a little over a year now and initially I lost some money because I was still learning the way but over time I’ve been able to successfully manage risk and become profitable. However, when you tell people that this is what you are doing and they say isn’t that just gambling? It really really bothers me because it’s a whole skill involved in this line of business. And the more you try explaining it to them the more they say sounds like a gamble to me. I guess I’m just really annoyed because to me it sounds derogatory to myself and all the day traders out there who actually enjoy doing this and are successful. + +I just want to know has anybody else gone through a similar situation like this where they talk down on what you do or simply call it gambling? How do you deal with it? + +EDIT: I am extremely thankful to everyone who took their time to read my post and reply. I have read and keep reading every new comment that is being made and I am grateful to all of you even some of the constructive criticism I have received lol. I just got to be better at ignoring all the noise from people that simply don't understand what we do and let them quiet down as time goes on. Just wanted to take a moment to thank you all. Appreciate you all! +on Monday and was up like $1.7k for 2 days but I wasn’t in the mood today and I placed a bad entry which it touched my stop loss and I placed 3 more after obviously i went even more down. Any advice on how to stop getting right back into charts after you loose, the need to stare all day into the chart after I place the order and the need to stop trading when I take few days off? Appreciate your answers +Welcome to $AstroPup 🚀 + +The first 30 hours have been astronomical to say the least, we’ve achieved so much! We’ve nearly hit an astonishing **3,000 holders** and hit an **ATH of $10.1 Million** Market Cap, and we aren't done yet. + +AstroPup is a Auto Yield Deflationary token that rewards the holder. 10% tax on every transaction, 7.5% goes towards the holder and 2.5% goes back into liquidity which is used to help against trade volatility. + +We have burned the 50% of 1 Quadrillion Supply to increase Pumpanomics. Contract has been ownership renounced, LP is also locked, and there are no dev wallets. + +We have a very solid road map with our initial focus being marketing. This hype has only been from Reddit posting. So imagine when we start to pump promotions on all platforms such as tiktok, YouTube, Twitter to say a few. + +CoinGecko has been applied for and CMC will be applied for soon. We have a trending listing on CoinHunt.cc, TrustWallet logo/price is on the To Do list also, TokenSniffer & CoinHunt Promotional ads today. And we’re going full force on marketing from today. + +We hope you can join in on our amazing journey to flying our pup to the moon. + +&#x200B; + +How To Buy AstroPuppies? + +Contract Address: 0xaaa304abe41870600274160df1fc9f0c136a13cc + +Buy on PancakeSwap(v2): +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xaaa304abe41870600274160df1fc9f0c136a13cc](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xaaa304abe41870600274160df1fc9f0c136a13cc) + +BcsScan: +[https://bscscan.com/token/0xaaa304abe41870600274160df1fc9f0c136a13cc](https://bscscan.com/token/0xaaa304abe41870600274160df1fc9f0c136a13cc) + +Chart: +[https://charts.bogged.finance/?token=0xAAa304aBe41870600274160df1fC9F0C136a13Cc](https://charts.bogged.finance/?token=0xAAa304aBe41870600274160df1fC9F0C136a13Cc) + +&#x200B; + +👉 Check out the website - [https://astropup.finance/](https://astropup.finance/) + +👉 Join the Telegram - [https://t.me/AstroPup\_Official](https://t.me/AstroPup_Official) +I saw a wrinkly brained ape's youtube video (sorry I watch so much shit I can't find who made it) on how the dow jones, S&P, prime brokerages and big banks' (including international ones) stocks tank at around 10 am and then suddenly recover because they NEED the RRP market to post more collateral. I didn't believe it until I checked the charts today. These charts look IDENTICAL to each other. The price is not only wrong for GME but the entire global stock market price is wrong too. HOLY. FUCKING. MOLY. JACKED=TITs. + +Edit: [https://www.youtube.com/watch?v=J5J1pW1rVA8](https://www.youtube.com/watch?v=J5J1pW1rVA8) here's the link. Thanks u/The_Fake_King + + +P.S They aren't even trying to be discrete anymore. They are DESPERATE. + +https://preview.redd.it/dy7erkoclu971.png?width=1242&format=png&auto=webp&s=33f90da5abc2f22e292676225f5e7d7ac247114b + +https://preview.redd.it/0ajrqecxku971.png?width=1242&format=png&auto=webp&s=ba15822bc72953300d9ffdb838d12a3915fa197b + +https://preview.redd.it/6jxs7ccxku971.png?width=1242&format=png&auto=webp&s=8e4384605d0fd84000c9de41fb91bf3a644b9293 + +https://preview.redd.it/n9dxpn3kku971.png?width=1242&format=png&auto=webp&s=1c98442d7f3487e88f49aa65bc65125be00323da + +https://preview.redd.it/b2y4jz3kku971.png?width=1242&format=png&auto=webp&s=7a214711c089e322f9bbab4d5206dd7588874fff + +https://preview.redd.it/vs1v0t3kku971.png?width=1242&format=png&auto=webp&s=86a56c683e85961d8b485643cfd8657506111405 + +https://preview.redd.it/zrnf6m3kku971.png?width=1242&format=png&auto=webp&s=3cf7085790430cc788d36832cf60f3e3d506cae5 + +https://preview.redd.it/sbfbnp3kku971.png?width=1242&format=png&auto=webp&s=11958c4e60087c5a90836bbe5b6cb907f85d0143 + +https://preview.redd.it/428koz3kku971.png?width=1242&format=png&auto=webp&s=966b2ebec618ca1f77a7c7b6e22d1a92f0df389f + +https://preview.redd.it/34duc34kku971.png?width=1242&format=png&auto=webp&s=87817270edad52fdaa030912dd78df70d589532e + +https://preview.redd.it/hgwpsc4kku971.png?width=1242&format=png&auto=webp&s=69d9e5e346aca7d1eba6def5855a29abeb88dd16 + +https://preview.redd.it/9ht1o34kku971.png?width=1242&format=png&auto=webp&s=842bae394de413b9510f5d08c352857a68ef1541 + +https://preview.redd.it/i98i0j3kku971.png?width=1242&format=png&auto=webp&s=67caeb722a196092e2a1e67da20527d77e0d05e9 + +https://preview.redd.it/6uj8sn3kku971.png?width=1242&format=png&auto=webp&s=7497d256e507fa949de849b9da4dc90adc15d88a + +https://preview.redd.it/e944tz3kku971.png?width=1242&format=png&auto=webp&s=fc4330182481ef3d07d2de1c382118804df8e3d2 + +https://preview.redd.it/y4um9l3kku971.png?width=1242&format=png&auto=webp&s=b57870485f4e9a347ed111fb9818a2cd3b31d064 + +https://preview.redd.it/xtvl7h3kku971.png?width=1242&format=png&auto=webp&s=7141d752ff4b045c31d55e7a6102f30065e4657d + +https://preview.redd.it/ydb8fm3kku971.png?width=1242&format=png&auto=webp&s=3d0d72944c9e3460130082225467e84bacdb0bcc + +https://preview.redd.it/qwealf3kku971.png?width=750&format=png&auto=webp&s=9d00ae8ae35037eca09ea48368d9e668ac0b336e + +https://preview.redd.it/7fa0xk3kku971.png?width=750&format=png&auto=webp&s=edcc8956475920c1f7a75638e49c5d42cc42594c +Welcome to $MoonPirate! With over 85,000 strong holders and a market cap of only $8.8M. First exchange has been signed and paid for. Rum is being distilled. IPA being released next month. Governance voting currently ongoing to pick flavour of first energy drink! + +&#x200B; + +Some of their deliverables so far have included: + +\* PirateSwap launched (investors can purchase MoonPirate directly on their website) + +&#x200B; + +\* Pirate Wallet Tracker launched (view how much your holdings are worth and how much you have gained by simply holding) + +&#x200B; + +\* Get Nok Distillery (California, US) Service Agreement Signed, Sealed and Delivered and MoonPirate Dark Rum (with a hint of coconut – as voted by investors) is 3 to 5 months away + +&#x200B; + +\* Catchment Brewing Co (Brisbane, Australia) – MoonPirate Tropical IPA 4 weeks away. Launch Party will be held at venue for those who can make it + +&#x200B; + +\* Updated Roadmap incoming including the expansion of the MoonPirate ecosystem (including $RUM native token which is going to be pretty crazy) + +&#x200B; + +\* Governance Platform LAUNCHED! (your MoonPirate holdings will dictate your voting potential) + +&#x200B; + +\* Now on CoinGecko and CMC, Add this to Blockfolio, Stocktwits & Delta + +&#x200B; + +\* Weekly Live Video AMA’s (including founder, community manager and communications manager) + +&#x200B; + +\*On top of that, we have NFT’s, charity donations (Pirate Party kids cancer charity), billboards including Times Square New York, weekly Pirate Chronicles (medium articles) and more.\* + +&#x200B; + +Be sure to check out EVERYTHING on the website, which is being updated on a daily basis. + +&#x200B; + +\*Remember this is 100% rugproof (LP Tokens 100% burnt, ownership renounced, 2 x audits)\* + +&#x200B; + +\* Telegram: [https://t.me/MoonPirate](https://t.me/MoonPirate) + +&#x200B; + + Contract: 0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66 +Just kidding, but seriously it and a few other ETFs have really taken over the entire sub. Is there anyway to corral some of the overly discussed picks in a pinned post? + +Like a “Generally Recommended” or “Monthly most discussed” title + +The sub is starting to feel like echo chamber, and limiting the “go to picks” could help focus more post discussion around undervalued plays + +Edit: case and point below + +Edit2: repenting, all hail the god stock +Backstory: I'm 21 years old, been investing since November 2019. Started picking stocks, moved fully to long puts and calls by April 2020, and ran my account up \~60% by July 2020. You know the rest - over-leveraged a couple trades and was down 75% from my starting point by October. Tried r/thetagang for a few months but between college and part-time work, it was just too much to actively manage positions. For reference, I lost about $4k in 2020 from the options trading. + +I've been onboard with *passive* dividend investing for a couple months now for a few reasons: + +1. I know "everything is overvalued" depending on who you ask, but I'd rather be in stocks paying out dividends and generating profits than in companies who try to [justify current valuations with speculative technology](https://www.cnbc.com/2021/01/27/elon-musk-explains-how-self-driving-robotaxis-justify-tesla-valuation.html) that won't materialize for years, at best. +2. I don't really buy the "invest in growth while you're young" narrative. Growth had a great decade. It might have another great decade, but it might not. People always say you can afford to risk more when you are young, but that isn't really true either. Taking a large loss when you are young will set you back quite a bit. Consider my $4k loss last year, for example. If I had $4k growing at 7% / year for 40 years, I'd have $60k when I turn 60 years old. +3. I've lost confidence in my ability to "beat" returns of a quality ETF in the long run. Took me a year to realize that my interest in stock-picking was just an interest, not a talent or something I was good at. I'd love anyone's feedback on my thoughts here - firmly believe I have lots to learn from others. + +I'm now quite happily sitting on 60% SCHD and 40% SCHV, receiving a projected $340 / year in dividends. I have two short term goals: + +1. Reach $500 in annual dividends by the end of 2021 +2. Diversify into an international value/dividend ETF later this year + +A couple questions for the community: + +1. **Has anyone consistently invested in dividend-paying stocks since before 2010? 2000?** +2. **What are your** **recommendations for non-US dividend ETFs?** I place a lot of value on a low expense ratio. +3. **Does anyone hold both SCHD and SCHV?** I'm considering getting rid of SCHV in favor of an S&P 500 ETF once valuations calm down a bit, whenever that happens. Until then I'm pretty content. + +**TL;DR - Trying to build dividend-focused investing habits. I'd love your feedback/opinion.** +We've been looking on-and-off for several months and are torn about the housing market. On one hand it feels like every house is going for higher than asking price and higher than maybe it "should" cost. On the other hand, I think inflation is coming so the dollar prices may never come down again. + +Any tips about balancing these thoughts or what might actually play out over the next few years? +Source: https://www.reddit.com/r/Superstonk/comments/xtcv7h/this_post_was_spot_on_ready_for_liftoff/iqpcsf0/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3 + +To the god damn moon baby! + +DRS. +I can barely buy extra groceries at the end of the month let alone buying ''experiences'' which 98% of the time means some vacation, and yes even if you budget it will still cost you money. + +i'm just super peeved, already felt some FOMO/bit of envy yesterday about everyone at work going on vacation, and was trying to find any sort of tips on how to have fun without spending too much and of course every single piece of advice is just ''just go on vacation!!! experiences are what matter'' + +fuck. off + +&#x200B; + +edit: I was super salty when I made the post, and just to clarify - both me and my SO work full time in finance and I.T respectively, we had a shitty emergency two months ago + a bad investment and we ended up with zero savings, we live in southern EU and used to traveling at least 3x a year and having no savings to do so and realizing we have to postpone all travel for god knows how long was putting me in a jealous/ugly place but we realized it doesn't have to be that way :) We're gonna try to overnight stays and add some different local things until we can travel again in October, thank you to everyone who responded respectfully! +I want to talk about something that has been bugging me lately. + +This guy has spawned a horde of cultists. There is no other way of defining it: a group of people who rally up behind an idea that has not been proven by the person who suggests it. + +I personally enjoy his videos and personality, but everything he does I take with a grain of salt. He hasn't given us any way to prove he is not a con: no history of verified results, no name, no face, not anything we can refer to. + +And yet, people are absolutely crazy for him. I see it here especially: as soon as you mention a tool or an indicator VP has deemed useless, you get barraged by people who tell you how wrong you are based on the argument VP makes on his videos. + +I experienced this first hand when I mentioned that I use SR: I got three DMs essentially telling me how dumb I was for using something out of the "Dirty Dozens". + +And what about the arguments he makes against these tools? I don't know about you, but every Dirty Dozen video he has made has been a variation of the same argument: "This tool is old, wasn't made for the forex market, and thus you should not use it". + +If he truly spent so long backtesting all of these indicators, he could just share the backtesting results of each of the tool he mentions. A simple "Guys, the RSI has given me a 20% winrate over 5 years and thus it's useless" would already be sufficient. But no, no data has been given. + +And for those who say he doesn't sell anything, you're so naive it's almost cute. + +How much money do you think he was just paid for the broker partnership he advertized in his last video? + +Please, go back and watch his video on Support and Resistance, where he clearly says the following: + +"**Brokers often suggest you use support and resistance because they want you to fail. They want you to fail because they take the opposite side of your trade.**" + +Now go to the video about ECN vs DD brokers, where he says: + +"**Brokers don't want you to fail. Brokers want to you to stay in the game for as long as possible to make money, and for that they need you to succeed. They take the opposite side of your trades because of regulations, it's not personal.**" + +Do you think it's a coincidence that such a contradiction happened right before the video in which he gives his affiliate links to join the two brokers he advertized? + +It's mind boggling how many of you fall to his feet. +This is a bit of an "off my chest" post. But I feel like there's a large percentage of newcomers around here (not to mention a decent percentage of veterans trying to recapture that feeling of being a newcomer) who need to hear it. + +**FIRE** + +**IS** + +**BORING** + +Now, if you’re new to all this, it might be news to you. After all, it doesn’t feel boring in that first phase. Your mind has recently been blown with possibilities for your life you never before considered possible; Everywhere around you, you see opportunities to optimize your spending, your portfolio, your spreadsheets; There are so many books/blogs/podcasts you need to consume to become even more informed on it and optimize your plan even more... + +You want that initial rush of excitement over all the possibilities to last and sustain you and motivate you throughout this entire journey. + +But the truth is, this phase doesn’t last. Within a year or two you’ll have consumed just about every shred of relevant information you can. Your plan has been written and rewritten a dozen times. You’ve had several dozen fights with your partner about whether or not it’s actually worth cutting another 2% out of your grocery budget and why the hell you have to keep the thermostat on 65 when it’s only saving $15/mo on your electric bill. Your spreadsheets have been stress tested and refined to levels of confidence several significant digits more than you’re actually capable of achieving… you get the picture. + +And now? + +You just keep going. You track your budget. You check in on your NW every few months. You rebalance your portfolio maybe once a year. It takes a grand total of *maybe* 10 hrs of effort in any given year. People call it the boring middle, but it’s really more like the boring remaining 99%. + +99% of this is just sticking to the plan for decade, after decade, after decade. Not for a year, or two, or ten. But literally however many years you have left in your life. Because the work doesn’t stop when you reach FI or retire. After that, unless you’ve just massively overestimated how much you need, you’ve still got to keep living on the budget you’ve set for yourself. And it's the same boring slog to just stay on track after retirement as it was before. + +People don’t fail at this because they’re missing some super secret knowledge that only the elite have access to. They don’t retire early because it’s just long, boring fucking work to commit to not spending money they otherwise could be for decades on end. + +So when you look at the front page of this sub and think “ugh, there’s just never any new content around here”. It’s because there **isn’t** any new content for people to post. 99.9% of what you need to know for this has been reiterated to death already on MMM, and ERE, and ERN, and Mad Fientist, and YMOYL, and r/FinancialIndependence, and god only knows how many other places before. And the actually new, interesting, relevant stuff takes a lot of time to put together and doesn’t come around on a daily basis to satisfy your habitual Reddit browsing. + +And that’s how it should be. You’re not pursuing FI for its entertainment value. You’re doing it because (presumably) you want to actually do something else with the security, freedom, and time it affords you. And if you are doing it for the entertainment, you're actually making it less likely you'll succeed here. Because the second the novelty starts to wear off, you're going to start looking somewhere else for it, and then it's all "ooh look, Tesla announced a new model". + +You want exciting? Go look at loss porn on WSB. + +You want to actually build a predictable and reliable plan for retirement that you can execute on over the course of decades? It’s going to be boring. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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Thanks for helping me out. + +My parents have a long-term friendship and relationship with their financial advisor, John. As soon as the market crashed, John has been calling my parents daily, wanting them to transfer over money in their other accounts to him. This raised red flags for me, but my parents are older and blind to reality so they've been slowly transferring their money in other accounts. When I looked at the portfolio of the last year he sent them, the 12 month yield was BLANK. He was also doing worse than the market, and based on SEC filings, his fees are absolutely insane. I have tried reasoning with my parents, but they have now permanently ignored my opinions on John. + +John now wants access to the little money my sister (who's in college) has in savings, and my parents are all for it. My sister had no qualms until I explained my reservations, and pointed out in her contract that he wants (excluding his hidden fees) 1.8% yearly. We want to get the documents about my parents that they're too blind to ask for themselves. With these documents, we would to hire our own independent financial advisor to make an assessment. **What are the completely necessary documents to give to a financial advisor?** We don't need advice on the future, just an assessment of what is currently going on with their money. Thank you all very much for your help. +Hi guys, + +this is my first post here. I've looked through several threads but could find what I need (or just missed it completely). Next year I will be in my 30s and I have almost 2 years old twins and I am looking for a way to have to grow my saving as me and my wife's salaries barely cover the expenses we have. Also, I would love to get out of my current job which is paying okay but I just can't stand it there anymore. Of course, with 2 small kids, I can't allow myself to just quit the job and wait for a miracle and so far I have no luck if finding another job with at least a similar salary. + +For those of you who have not heard of Bulgaria, it's one of the poorest countries in the EU, a big percentage of the population lives in poverty and barely anyone can afford to set money aside. The maternity leave here is 2 years which is great, but the second year the government pays you the minimum salary which is around 200/250 euros a month and it doesn't matter if you have one kid, twins, quadruplets. + +My wife will go back to work once the kids start kindergarten which should be around September this year and which will boost our income but not by much. + +Her salary is around 500 euros a month and mine is around 800 euros which I repeat is not considered so bad in Bulgaria. + +I started spending around 50-100 euros a month on cryptos but I see it as a very long terms investment and I just invest and hodl. + +We have some money saved before COVID but those are drying up slow and steadily. We had around 5000 euros for emergencies. One of which is the new car as the current one is slowly dying and the repair will cost more than the current value of the car. + +I hope I give you enough information and didn't overshare at the same time. + +Thanks for taking the time to read through this. + +I hope all of you are first of all happy. + +Thank you! +There have been multiple pieces of big investment-related news in the last 12 hours (META down >25% over the last day, Q3 GDP release exceeded expectations), yet there is not a single thread discussing these events on this sub. What gives? + +A sub with this many subscribers shouldn’t be this dead. Are the mods over-moderating and deleting posts? Or is the sub’s user base just that disengaged? +My investment partners and I are looking to pivot into self storage in the next 4-6 months. Anyone here with direct experience investing in self-storage units? What has been your experience like? + +Also, where is the best place to source deals? Any quarterly/annual research publications that I can look into, similar to Marcus & Millichap's quarterly reports on multifamily? +Anyone have any thoughts, I’m not sure on the economy roaring back part of the analysis. + +https://markets.businessinsider.com/news/stocks/stock-market-outlook-global-equities-47-percent-gain-jpmorgan-says-2020-6-1029304936 +Title says it all. I’m only 23 and haven’t bothered to learn much about the real estate market, however I’ve been thoroughly studying investing over the last 2.5 years. + +I’m now starting to learn about the extra costs in buying your own house and the numbers just don’t add up for me. Like why would you pay rates, interest, stamp duty etc etc and lose all that money and only gain a small amount in appreciation per year? + +Especially when you can buy into an ETF growing on average 9% a year paying a 4.5% dividend every quarter? + +The reason why I’m asking this question is because I’m an electrician that’s recently started working in the mines earning good money and everyone’s trying to push me into buying a house. I think they’re crazy. +Looking for the next household name from BSC? This is it! + +World record holding launch, 100% rug proof, unbeatable tokenomics, weekly AMA’s, and the strongest community you’ll ever find barely even start to describe this sleeping monster! + +🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 + +🔥 30% burn on launch! + +🔥 41k holders! + +🔥 Certik and Solidity audits crushed! + +🔥 4% to liquidity locked 79 years + 4% reflected to holders! + +🔥 Contract Renounced! + +🔥 Doxxed Dev Team! + +🔥 RUBIC will soon allow ULTRA cross chain swaps + +🔥 LP Staking & NFT Marketplace finalizing now! + +🔥 Endorsed by UFC Hall of Fame Light Heavyweight Champion Rashad Evans! + +Don’t miss this opportunity! + +🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥 + +Website: https://ultrasafe.finance + +Chart: https://www.dextools.io/app/pancakeswap/pair-explorer/0x48bac97d5e3116626a56704be7399e1cb593a945 + +Buy Now: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a + +BSCscan: https://bscscan.com/address/0x0b3f42481c228f70756dbfa0309d3ddc2a5e0f6a + +Telegram: https://t.me/UltraSafeOfficial + +Discord: https://discord.gg/nq63ERAt + +Twitter: https://twitter.com/ultrasafebsc?s=21 + +Reddit: https://www.reddit.com/r/Ultrasafe/ +I'll give credit where it's due, especially to the apes who wrote all that beautiful DD. But beyond them, I gotta give credit to myself. + +- For taking the time to read all that DD, verifying it myself and believing in it. + +- For buying and hodling onto my stonks no matter WHAT the price said, especially during the craziest ups and downs. + +- Ignoring the immense amount of FUD coming from all directions. + + +and I'll especially be giving credit to myself for hodling through the MOASS. Avoiding all the pressure from friends, family, the media and myself won't be easy. I'm going Zero Dark Thirty when things start getting serious with the price. +I purchased my first home ~1 year ago. In that time I have paid an extra $113 towards the principal of the loan each month. Yesterday, I had my first meeting with +a prospective financial advisor. He instructed me to stop paying the extra $100+ each month, and instead contribute it to my 401k (my ROTH is maxed out). My +mortgage rate is fixed at 2.5% (30 year). His argument was that my $100 contribution to retirement would vastly outgrow the money I'd pay towards interest over the entirety of the loan.. is this the correct course of action? FYI, the contribution would be taken from my check before taxes. +Enough already. In a span of two days this sub has suddenly turned into WSB's little brother. + +If you're planning to post anything involving memes, "hold the line on GME!", rocket ships, or calling others retards (affectionately or not), take it over to WSB please. It's not welcome here. + +As a reminder: + +"Welcome to /r/StockMarket! Our objective is to provide short and mid term trade ideas, market analysis & commentary for active traders and investors. Posts about equities, options, forex, futures, analyst upgrades & downgrades, technical and fundamental analysis, and the stock market in general are all welcome." +Relatively new to MF and so far I've been invested into Axis Bluechip, Canara Bluechip, Mirae Asset Tax Saver and L&T N50 funds for about 1.5 years. My horizon for investment is around 15 years. I'm looking to add US exposure and I've seen PPFAS Flexi Cap & MO funds loved quite a bit. + +Since I'm already large cap bluechip heavy with my existing funds, should I stick with a pure US fund like MO? + +Also would ETFs be a better route than FOF? Main concern being liquidity since the fund will have obligation to buy if I decide to sell, although I dont see the allure of US market waning in the near future. Any advice is appreciated ! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Aerdrop just officially locked in its first DeFi AERSTATION Partner. DeFi Tokens on BSC will use AERSTATION to activate airdrops to $AER hodlers. + +We just added almost 2x more liquidity to our LP! 🚀 + +Get in now before the plane has taken off! + +The chart is beautiful and the team has hinted they are speaking with 3 new token launches already. This is 100x minimum! + +Hodl $AER, get $AER airdrops, get $AER redistribution tx & receive free token airdrops too! + +✈️ AERSTATION: The first defi token launchpad offering free airdrops to $AER holders! + +Join the telegram, dev team is incredibly active: https://www.t.me/aerdropofficial + +2 more Aerdrop wallets, each with 1% total supply dropped to $AER holders at: + +✅ 500 holders - completed + +⁃ 1000 holders (only 150 more hodlers to go!) + +⁃ 5000 holders + +👉8% transaction fees: + +🌊4% to liquidity + +💰 4% redistribution to holders + +🐋🚫Anti-Whale mechanics: ⁃ 0.5% Max transfer + +🔒2x Liquidity added, 10% tokens burned & ownership renounced + +🔒 Liquidity Locked: https://bscscan.com/tx/0x57ef0dfc2530168203e67618824e6e7b52a40796597dbafd42cd17b95622ad60 + +💣Renounced Ownership: https://bscscan.com/tx/0x61d892b3f91bed33068081dacd40856fddb483d91ffc0a7acb49fc390b6a91ee + +📈 Chart poocoin: 0x1a6c2c3c52cd3cc21db2b8f2b331ca9c4780f1ee + +🥞 Pancake: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1a6c2c3c52cd3cc21db2b8f2b331ca9c4780f1ee + +🔗Telegram: t.me/aerdropofficial + +🐦Twitter: twitter.com/aerdropofficial + +📄Website: aerdrop.finance + +Fasten your seatbelt! To the moon: + +"Fly comfortably with $AER" +I just spent 50k Canadian, which is almost all my savings... to buy VTI!!! Feeling weird. When do I cut my cake? What's the next step from here? What do I do? +I'm 28 and have only been investing for about 2 years (other than work matched RRSP @ 4%) so im a bit late to the game. First year was not the greatest and second year I put a bigger lump sum in just to be hit by the pandemic. I'm currently up about 37% today. I'm in a mix of growth and dividend stocks - all of them Canadian. I'll list them below, but I want to know... what Canadian stocks that you hold are very unknown yet have been performing great? I want to hear more about companies that are hidden out there with a tonne of potential! + +My best performing stock I hold is PYR (pyrogenesis canada) - I learned about it about a month ago and I'm up over 125% + +My other holdings include: GDNP, TA.TO, AQN.TO, NVEI.TO, DND.TO, WELL.TO, FOOD.TO, GRN.V, IAG.TO, ATE.TO, ENB, BEP, BAM, BIP, CPX, and EIF. + +Let me know what you think about my holdings and tell me about what you are holding. + +Cheers! + +Update: Been a nice day today! Now up to $34.3k! +Why do I keep seeing people on this sub selling greedy puts for stocks they don’t like or want and now they’re getting fucked because the market is correcting… can someone explain to me their logic here? We’re here to sell options… specifically options on companies we like, the reason you may ask? Because when you inevitably get assigned the loss doesn’t sting that bad. We are not WallStreetBets, we’re the next Pokémon Evolution and we’re here the fucking win. Let’s stop all these shit plays and try to make some fucking money boys and girls. +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! + +People say don't out all your eggs in one basket but I believed in the project so much that I did. I put everything I had in crypto investment (50% of my life savings) into nano near ATH. As the price started dropping, I put in the remaining 50% of my life savings to dollar cost average because I genuinely believed that with the rebranding, binance announcement, I would see a profit but the price kept dropping. + +I was an idiot to buy using bitgrail instead of kucoin and now I have officially lost everything due to the alleged hack. I wish I could have withdrawn to my wallet but withdrawals were disabled. + +I was also an idiot to put in more than I could lose. Money I had saved up by working so hard. I lost $120,000. + +I believe in the project and idk how I am going to live with myself watching the price of nano soar over the months without me not having anything to invest in it. + +Please don't do what I did. Please be cautious with your investments, diversify, and don't invest more than you are willing to lose. I know we all think that won't happen but you can...like I did...your money, your happiness and most importantly, your mental health. + +This is so depressing. I feel so defeated in life. +This was money that was going to go to my further education, my wedding, honeymoon, any travel plans, my downpayment. This puts me back at least 7-8 years in my life. + +EDIT: Thanks for all the messages, they really mean a lot. I am as disgusted and disappointed in myself about all the ways this could have been avoided as some of you are. + +EDIT 2: And of course nano is now going up. This sucks :( +I almost completely blew up my account and I am trying to get it back. When I had more money it was a bit easier. Now with lower funds I am scared to enter trades. What strategy would you use? I don’t want to make a mistake and risk it on one trade. On the other hand smaller trades may take an extreme amount of time. What advise would you be willing to share. Thanks, +In a day of red, it sure is nice to see the Uranium stocks continuing to push green ☢️🐂📈💰 + +PEN is creeping towards 20cents (up 12.5% to 18cents) and better yet today they announced they have opened the door to further **US trading markets**. There has already been some strong flavour for PEN on the OTC pink entry market with high volumes traded and as of tomorrow they have been upgraded to the OTCQB Venture Market (i.e. the middle tier for Over The Counter trading). This opens up a whole **new wave of interested investors** and is especially relevant given PEN's **main mine asset (the Lance Project) is based in America** and they are targeting **offtake agreements with American Utilities**. + +See screenshot of announcement below + +https://preview.redd.it/ixpxt648fyh61.png?width=695&format=png&auto=webp&s=8007b94862ba91c883a9a57075a5638de9a211f4 + +The other week **Cameco (2nd largest global Uranium producer)** held their **investor presentation**. + +The video recording [can be found here on Youtube](https://www.youtube.com/watch?v=Pf3gkQ1tW9k&feature=emb_title). - it is about 30minutes long and really worth the listen to get their take of just **how deep the Uranium supply deficit** is and how much demand has been growing. + +here is the snippet of the transcript that holds some heavy weight coming from the CEO Tim Glitzel + +[Cameco Investor Conference transcript](https://preview.redd.it/inmlz43qfyh61.jpg?width=687&format=pjpg&auto=webp&s=f2c849f714d086091dedd573d2aa4b9827265839) + +In the U.S. the uranium miners and Enriches have been rallying hard the last few weeks. Especially Denison Mines up 300%, among others. By default, it won't be long before more and more funds come into ASX Uranium space. Given the suite of strong U3O8 Australian companies it is more just a matter of when than if. + +Enjoy the ride and those glowing green tendies ☢️🍗 you nucleated austists ☢️🐂📈💰 + +&#x200B; + +\*\* [Uranium Bull Market DD](https://www.reddit.com/r/ASX_Bets/comments/lftl86/the_emerging_global_uranium_bull_market_a_summary/) (Supply, demand, covid, market and Bear Case points) for those interested +&#x200B; + +[NASDAQ is hitting a resistance level after completing a fibonacci retracement, signifying the continuation of an overall downtrend](https://preview.redd.it/qu9z7tbvmug81.png?width=896&format=png&auto=webp&s=964b39cb73957496e6e491f0f309cf3ae64278bb) + +&#x200B; + +[CPI data coming in similarly to last month could be a 'market killer' phenomenon](https://preview.redd.it/ckt701zsmug81.png?width=902&format=png&auto=webp&s=4e86af5b1bcff78ac8a2ef16d77f92499f449974) +Fidelity Investments, Square Inc. and several other financial firms are forming a new trade group that aims to shape the way bitcoin and other cryptocurrencies are regulated. + +The Crypto Council for Innovation will lobby policy makers, take up research projects and serve as the burgeoning industry’s voice in championing the economic benefits of digital currencies and related technologies. Crypto investor Paradigm and Coinbase Global Inc., which operates a cryptocurrency exchange, also signed on as initial members of the group. + +The council’s launch comes as prices of many digital assets have surged, drawing in new mainstream investors and the banks and brokers that serve them. Earlier this year, the total market value of bitcoin, the most popular digital currency, touched $1 trillion for the first time. + +Still, the market’s future remains far from settled. Advocates have argued that cryptocurrencies and the blockchain technology that supports them have the potential to create jobs and extend financial services to consumers everywhere, at little or no cost. But policy makers and regulators around the world will play a critical role in shaping the path forward. + + +https://www.wsj.com/articles/fidelity-square-coinbase-launch-bitcoin-trade-group-11617710402 +Today, I dealt with an attempted scam call in which a scammer posed as my bank and tried to get access to my online account. The caller ID matched my bank's customer service number, and I answered the phone. The man on the other end identified me by name and told me that there was an attempted purchase on my debit card that was marked as fraud by their system. He asked me if I authorized the charge, and I said no. He told me that my card was likely skimmed at a gas station and told me they could send me a new card. He confirmed the correct address as well. He was doing a good job at convincing me he was legitimate. Fortunately, he messed up and outed himself as a scammer. He asked for the last 4 digits of my social security card for "security purposes" before they could send the card. I started to get suspicious and asked him why he couldn't just send me a new card like they did in the past, without needing my social security number. He started to get a bit evasive, and I hung up on him. I called the customer service number myself and spoke with an agent who confirmed with me that there were no attempted charges like the scam caller said there were. The scammer was somehow able to call using the banks customer service number and nearly had me fooled that he was my bank. If I had given him my social security number, he could have reset my password and had full access to my account. + +I went ahead and changed my password, security questions, and ordered a new debit card. The scammer most likely got my card information from a skimmer, and was able to find my address and phone number through whitepages. He was convincing and could have easily fooled me if I wasn't as diligent. The bottom line is that if you ever receive a call from your bank, hang up and call them yourself. I could have lost everything in my bank account if he got access to it, and I'm going to be extremely cautious from now on. +Stouffer's large red box frozen dinners are now $5-$6 each now depending on the store here in central Florida. But I can go to McDonald's with the app and get an entire meal for about $6. If I want to really be cheap I can get two hamburgers for $2 and some water. So basically I can get three meals for the price of one large Stouffer's red box frozen dinner. + +Taco Bell isn't much more expensive. With the app I can get a cheesy gordita crunch with two tacos and a soda for about $7.30. + +Why pay Stouffer's this much for a marginal meal? And it isn't just Stouffer's either. The prices for frozen pizzas are getting ridiculous as well. Just as much as ordering a pizza now. +Am looking to start trading with trading 212 however am 16 so am not allowed although I know there is a way to do it with a custodial account but not really sure. Help would be appreciated +I know "time in market beats timing the market" but surely for someone new, you'd still rather jump in at a low end rather than at a high only for the inevitable drop before riding out the next 10 years or so? Feels like the more i read that it will happen id be silly to jump in currently so feels like im talking myself out of it, maybe i will wait till April? There is evidence of a cyclical nature of the market so my intuition tells me wait even though i think im ok with risk so maybe im not ok with risk! +I contacted Fidelity today to ask some questions regarding fees taken from my account. After chatting with the representative for about 10 minutes, my situation was handled. I went to say thank you for helping out and was about to hang up when the representative stated one more thing. “… And stay off Reddit, it’s going to get you in trouble with GameStop.” I assume he saw my GME position and figured that he needed to throw that in at the end. + +Jokes on him I’m going to buy and DRS more now 😂😂 These nerds are going to lose all their money to us “Redditors”. + +Edit: Tried to obtain a call log. Was told I need a court order. https://ibb.co/D5ZnDHF +I haven't been happy with my career for a number of years. I'm not sure if it is burnout, as I did enjoy it once upon a time but now every day of work requires literally every ounce of my energy. + +This last year alone since the start of this pandemic, I have lost my job three times. Twice due to pandemic reasons/company having to make redundancies, and the most recent purely because I'm not coping very well mentally lately. + +In one week I will start a new job and I am dreading it so much. It's not a career I really chose for myself. I kind of fell into it. My family was having massive financial difficulties back in 2008, so I dropped out of uni and got a job in the only field I had some experience in. It was never my "plan" to be in this field, it just kind of happened as I knew I could do it. +For years I've been thinking, I'd love to try something else, but due to having a family etc, I needed a stable salary coming in. + +I've been holding since January, and I'm looking forward to just being able to finally try something new and not worry about money for a while. + + +Also looking forward to finally being able to clear my own debts, and my parents and siblings debts and buying my wife, kids and parents something nice for once. +For the average value investor, what rate of return should we be expecting? Buffett was able to ahieve around 20% CAGR with BRK. Peter Lynch was able to achieve nearly 30% CAGR with the Magellan Fund, but the timeframe was limited and it was during a booming market in the 80’s, so let’s let’s call it 20-25% to be fair. + +Value investing should on principal be expected to beat the S&P over the long term. So a realistic long-term return seems to be somewhere between 10% - 20% CAGR. + +I think I would be happy with a 14-16% CAGR over the long term. + +What return is reasonable for you? +Here is my current portfolio - all figures are in CAD\*\*\* + +Cash - $4,456,264.04 + +Crypto - $2,676,144.42 + +Real Estate - $3,607,485.00 + +Stocks - $2,282,451.53 + +I feel like I have way too much cash. But where should I invest this? Everything is at all time highs. + +I was in high school during the 2008 financial crisis. I want to be able to sit on a lot of cash so when the bubble burst, I can pick up deals. + +It's a tough balance between knowing "the bubble will burst" & "cash is trash".... +So you're New to Penny Trading? Welcome! There's been a lot of questions from new investors about how to invest and what certain acronyms mean. One of the most common is Pump & Dump (P&D). + +A Pump & Dump occurs when a seemingly nothing company suddenly skyrockets, at which point YOU jump on the hype train at the PEAK, and then suddenly it dumps back down to nothing, taking all of your money, and leaving you with a bag (not a good thing). + +To help new investors recognize a P&D I've listed a few warning signs; + +\*If your company has one employee, no product, and is in the "trial stage" - it may be a P&D + +\*If your company has not filed paperwork with the SEC since 1995 - it may be a P&D + +\*If your company was trading at .0002 a share a month ago and now is $2.50 - it may be a P&D + +\*If your company has zero Fin-info, zero catalysts, and is 1000x earnings a share - it may be a P&D + +I could go on all day with this but...In other words...DO YOUR OWN DD AND QUIT CHASING TICKERS COMPLETE STRANGERS YELL OUT ON REDDIT!!! GOOD LUCK!**!!** +Title says it all. + +After wasting 30 minutes clicking through and being forced to get the deluxe package due to having an HSA, a window pops down for a brief second showing it's gone from $71 to $110 for NO REASON! + +H&R can bite me. Does anyone know of a less expensive way to file? +Absolutely horrible decision by the government. Basically, like during Covid, they’re expecting landlords to pay the cost of poor government policy and take the hit on inflation. 2.5% rent increase while inflation is 8% and other utilities like gas are going up 20% in Ontario, which, landlords often pay. + +Horrible decision and situation right now. People are very misguided if they think that this is a good thing. +I'm a noob investor looking for my first rental after saving up a pile of cash. + +I heard "for sale" house inventory is down 60% in Utah right now, which makes sense because it seems impossible to find a reasonable deal. Any property that stands a chance of making a decent cash-flowing rental is snatched up by cash buyers (and by decent cashflow I only mean like $200). Last week we offered $220k on a 90s townhome listed for $205k and were outbid by *multiple* cash buyers. Yowza! +First off I have no algo trading experience, but I am heavily involved in the markets and trade multiple times a week. My question stems from wanting to learn more about the quant side of trading, but I have some fears. + +Is this type of trading too saturated at this point? Do you see anymore room for successful algo-traders with how dominant the big names are. Do you think there will be a revert back to putting more weight on “human stock pickers” in the next 10 years. Especially if automation reaches a point where it can’t generate sufficient alpha anymore. Will that point ever come? Overall I understand everyone here is bias towards the side of algo trading being here to stay, which I believe it always will be here. However, where do you see it in the future, and is the barrier to entry worth the climb if someone already has planted the flag at the top? + +I also wanted to add, Ren-Tech seemed to pioneer this space and seems to still be that dominant player with actual returns that beat the market until more recently. Two Sigma recently returned [very low percents](https://www.institutionalinvestor.com/article/b1vznfl98t5jm2/Two-Sigma-Renaissance-Rebound-in-2021). +Are these returns representative of a shrinking slice of alpha for quant based strategies, or will they improve to beating the market in the future? Do the majority quant funds even care about beating the market or just making sure downturns aren’t exacerbated like hedge funds aim to do? + +I would love to hear any thoughts, predictions or even people saying I’m completely wrong in what I’m asking here. I’ve been searching the Internet for anything of a discussion like this and it’s hard to come across one. You all know miles more about this topic than I do and I’m interested in learning more. Cheers 🍻 +Thinking of getting some money into cryptos...totally prepared to lose it all! Looking for a high-upside coin and found that both these coins have pretty cultish followings. If I want to put in something small like $150 (given the volatility of cryptos) which of these is going to have a higher upside? +Well apes, I am excited to announce that MOASS can finally begin! Today my divorce has been finalized and she got none of my shares! I really feel like I came out ahead in all of this and cannot wait to see phone #s during MOASS. This community has helped me keep going the last 6 months I've been dealing with this and I can't thank everyone enough. I've direct messaged with random redditors who have helped me more than they could ever know. I'm not karma farming and I don't need anything from anyone. I just need to get off my chest how relieved I feel to be done with her. I know deep down papa cohen was waiting for this to be over with before MOASS happens because he's the best dad anyone could ask for! +Anyways thanks for coming to my ted talk and I cannot wait to see you all on a moon(not the moon as I know we can and will fly much much higher) I'll be the ape that is truly happy for the 1st time in a very long time (with or without all the money)and have a 4ft bong in hand passing around for all to partake. I cannot wait to make the world a better place and make people feel as good as I do right now. I love you, you damn dirty apes +**New Wealth Simple Socially Responsible ETF:** + +&#x200B; + +**(WSRI)** Wealthsimple North America Socially Responsible Index ETF + +TSX Listing: [https://web.tmxmoney.com/quote.php?qm\_symbol=WSRI&locale=EN](https://web.tmxmoney.com/quote.php?qm_symbol=WSRI&locale=EN) + +Factsheet: [https://www.solactive.com/wp-content/uploads/solactiveip/en/Factsheet\_DE000SLA9865.pdf](https://www.solactive.com/wp-content/uploads/solactiveip/en/Factsheet_DE000SLA9865.pdf) + +&#x200B; + +**(WSRD)** Wealthsimple Developed Markets ex North America Socially Responsible Index ETF + +[https://web.tmxmoney.com/quote.php?qm\_symbol=WSRD](https://web.tmxmoney.com/quote.php?qm_symbol=WSRD) + +Factsheet: [https://www.solactive.com/wp-content/uploads/solactiveip/en/Factsheet\_DE000SLA9899.pdf](https://www.solactive.com/wp-content/uploads/solactiveip/en/Factsheet_DE000SLA9899.pdf) + +&#x200B; + +**Official Press Release:** + +>We Made an Even More Socially Responsible Portfolio +> +>Introducing Wealthsimple’s new SRI portfolio. We designed it to be the most effective, low-cost, and, yes, socially responsible ETF in Canada. +> +>By Wealthsimple — June 16, 2020 +> +>We were pretty excited a few years ago when we introduced our [Socially Responsible Investing (SRI) portfolio](https://www.wealthsimple.com/magazine/news-socially-responsible-investing). There was a huge demand among our clients (and our own team) for a way to grow wealth while also growing a better world. Our SRI portfolio was a way to do just that: it had low fees, good returns, excellent diversification and invested in funds and companies that met a pre-determined threshold for social responsibility — low carbon emissions, cleantech innovation, sustainable growth in emerging markets, gender diversity. Finally: Here was a way to invest not just wisely and profitably, but with a conscience. +> +>We’re also dedicated to two important principles: first is reassessing our investments and the rest of our business to see if there’s a better way to do it, and second, to be as transparent as possible. And, transparently, we realized there was a problem with our SRI portfolio. The thresholds the funds used to pick companies to invest in left a lot to be desired. So rather than depending on outside funds, last year we began building our own, better version. And today we’re introducing two new low-fee Wealthsimple ETFs: WSRI, which holds North American companies, and WSRD, for developed markets outside North America, such as Japan, Australia, and Europe. Both ETFs trade on the Toronto Stock Exchange, and they’re the basis for our redesigned SRI portfolios on Wealthsimple Invest (plus some government bonds to mitigate risk). But first, let’s go back to what went wrong. +> +>**We Didn’t Want the Best Worst Companies** +> +>The problem with our previous portfolio was simple: the standard way ETF providers decide which companies get included in a socially responsible fund is flawed. What they do is rank companies in any given industry by their social responsibility, then invest in the highest-scoring companies. The problem with this approach is that it’s based not on being, on balance, responsible. It’s based on being responsible *relative* to other companies in any given industry. +> +>That way of filtering meant that some of these ETFs still invested in fossil fuels companies and tobacco companies and arms manufacturers and problematic mining companies. They simply invested in the least bad of those companies. The problem is that a company might be the “most responsible” weapons manufacturer — but it’s still a weapons manufacturer. And our clients who were being conscientious about their investments by and large didn’t want to invest in *any* weapons manufacturers — even if they happen to have lower carbon output than their competitors. The existing funds available in Canada just didn’t make it possible to do that (while also being diversified). +> +>**So We Made Our Own ETFs** +> +>We set out to build a fund with far more intentional and stringent filters for the companies we’d be investing in. That meant weeding out entire industries, and types of corporate behaviour. +> +>The result? When you invest in a Wealthsimple ETF, here are what the funds *won’t* invest in: +> +>Big polluters, like oil and gas-related companies. Companies involved in thermal coal mining or coal power generation. We’ve also omitted the top 25% of carbon emitters in each industry — lowering the overall carbon footprint of the funds without sacrificing diversification. +> +>Companies in violation of the UN Global Compact (major controversies and human rights violations). +> +>Any defence contractors or weapon manufacturers. +> +>Companies involved in the manufacture of tobacco products, alcohol products, and casino, gaming, and adult nightclub/entertainment companies. +> +>Companies without women on the board. Companies in these funds must have 3+ or 25%+ women on their boards. +> +>**What will we invest in, then?** +> +>To clarify a popular misconception about SRI funds, it won’t be all electric-car companies and wind power. (That’s a different category of cause-driven investing called [impact investing](https://www.wealthsimple.com/en-us/learn/impact-investing), which you can do on [Wealthsimple Trade](https://www.wealthsimple.com/en-ca/product/trade/).) No, what we look for are companies that have diversity on their boards and walk the walk when it comes to progressive policies in the realms of sustainability and corporate governance. Internationally, this means a concentration of companies in Germany and the Nordic nations, which tend to have the most regulation in those areas. In North America, it means a wide range of companies in sectors ranging from financial services to real estate to food and beverage conglomerates. +> +>**No Baddies,** ***Plus*** **Lower Fees and Wealthsimple-Quality Performance** +> +>The other big benefit to making our own ETFs is we could charge lower fees. SRI funds are typically a little more expensive than non-SRI funds, for good reason: someone has to do the research and analysis that goes into deciding what’s included in and excluded from the funds, and that work comes with a cost. But since we’re the ones doing that research, and we’re no longer paying an outside firm a premium for the service, you’ll pay lower fees — the fee for WSRI is 0.20% and it's 0.25% for WSRD. The overall fee you'll pay for the equity funds in a Wealthsimple Invest SRI portfolio is only about 0.23% (compared to about 0.48% before). +> +>Like all our investing portfolios, our SRI portfolios are broadly diversified and designed for investors to keep their savings in so they can build wealth in the long term. There is no intended trade-off on returns — we believe you can still do well by doing good. +> +>**Get Started** +> +>All you need to do is sign up for a [Wealthsimple Invest](https://www.wealthsimple.com/product/invest/) account and choose “make my portfolio socially responsible” when prompted during the sign-up process. Your portfolio will include the two new ETFs, as well as government bonds to mitigate the risk — the proportion between stocks and bonds depends on how much risk you decide to take on. You can also buy WSRI and WSRD on Wealthsimple Trade (and pay $0 commission fees), or anywhere else you buy ETFs. +> +>And if you’re already a Wealthsimple Invest client with an SRI portfolio, you don’t need to do a thing. Your investments will automatically be transferred into to the new portfolio. + +Source: [https://www.wealthsimple.com/en-ca/magazine/news-sri-portfolio?utm\_source=exacttarget&utm\_medium=email&utm\_campaign=SRI](https://www.wealthsimple.com/en-ca/magazine/news-sri-portfolio?utm_source=exacttarget&utm_medium=email&utm_campaign=SRI) + +\-Edit- + +Added factsheets for ETF's +I’ve been in the market for years but only passively. Bought some stocks here and there but didn’t focus too much on it. Mainly relied on savings and 401k to help with retirement. + +Now I’m in early 40s, married and with kids and house, etc. and looking to build the another source of income. + +What monthly dividends should I consider now while everything is “on sale”? So far I have QYLD and O. + +Looking to invest about $25-30k across several ETF or Stocks. + +Thanks! + +============ +UPDATE: I was considering the following... + +WPC, SLG, ALX +Source: https://www.reddit.com/r/Superstonk/comments/xtcv7h/this_post_was_spot_on_ready_for_liftoff/iqpcsf0/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3 + +To the god damn moon baby! + +DRS. +In his 1996 shareholder letter, Warren Buffett wrote about the underperformance of active investing. According to Buffett, he believed that he is an intelligent investor because he has the patience to be inactive. While most managers and asset allocators are trading their winners because it has gone up a lot or because it has become too large of a portion of the fund, Buffett simply holds and lets his winners ride. + +The analogy that Buffett used was one from basketball. From Buffett: + +> To suggest that this investor should sell off portions of his most successful investments simply because they have come to dominate his portfolio is akin to suggesting that the Bulls trade Michael Jordan because he has become so important to the team. + +It seems that Cathie Wood is falling prey to this exact problem. She is selling her winner in $TSLA to buy other beaten down stocks because they have some form of innovation or potential that the market is currently missing. This approach works...until it doesn't. + +Happy New Year to All! +>The world’s biggest consumer goods group is to adopt a four-day working week during a year-long trial in New Zealand. + +> From next week Unilever, the Anglo-Dutch company behind Lipton Tea and Dove soap, will pay its 81 staff there for five days while they work four. + +> It will conduct a review after 12 months and will use the findings potentially to change working practices for its 155,000 staff around the world. + +Full article: +https://www.thetimes.co.uk/article/were-taking-the-long-view-says-unilever-before-testing-four-day-week-hhgfxd53j + +What are your thoughts? +Hello community, + +I’m currently at a crossroads on my fatFIRE journey and not sure where else to turn for some advice. + +I was a tech executive for many years, and was so burnt out decided to take a breather for a couple years. I’m now trying to ramp again, and am having a lot of trouble making career moves. I’m very torn between going after new tech job opportunities purely for financial gain vs something with moderate chance of financial gain but more optimized for lifestyle (think CTO of a series-A or B company vs starting or buying a business and trying to grow it at your own pace). + +I’m mid 30s, sitting at around 4million NW (some liquid, some in PE) . + +How have you made these decisions in the past? How did they go?? Any advice or insights would be really appreciated! + +Edit - thank you so much everyone for the thoughtful feedback and for sharing your stories! It’s been tremendously helpful =) + +Some people have asked for more details to provide some other perspectives, so if it helps - I currently have no dependents , and rent in a VHCOL city. Plan is to move with the SO to an MCOL city at some point and have a family. My original NW goal was 10million. Most of my investments are a combination of standard market index funds and private equity . +Please try and talk me out of it: + +As I understand it, if I'm talking long term, 5 years ahead investment-wise, if Spotify does end up going public soon, why wouldn't it be one of those unique instances where a company is just absolutely ready to succeed further? + +Looking at the "All Time" Graphs of Amazon, Netflix, Google, Facebook, Apple, and all the "obvious" ones is depressing. So many waves missed. I can't help but view Spotify as equally "indestructible" in their status. + +Mind you I'm not talking about initial volatility, I'm saying maybe even simply by virtue of the fact that Spotify still has so many countries left to expand into, and such established stability in the "worst case" scenario that it doesn't, how could investing in it for the upcoming 5 years be a mistake? + +Note: I understand this is a strange way to speak of a stock, but this is why I'm asking your help to snap me out of it. + +<<EDIT>> Wow! Tons of brilliant responses! Keep 'em coming I'm reading through all of them and learning a-lot! Thank you guys <3 +I grew up poor. No details. As a young adult in community college I lived without electricity and showered at the college. I got a decent job and had some more ups and downs. My whole life has been based on treading water. + +I had saved enough for a down payment on a crappy house. It was the most I had ever had. 12k. As a single parent at 33 years old, I'd find myself looking at my bank account in awe. Twelve thousand dollars. In the bank. I had made it... For a time It made me feel proud, but it eventually made me feel so small. I was aware of the stock market and even suggested other people jump in last year when it plummeted. + +Six weeks ago, I took a chance at changing my fortune and finally opened a trading account. I've since quadrupled my net worth. I'm at a point where my initial investment is safe. But it feels so fragile. Friday was rough. I am constantly checking tickers, feeds and news. I've cashed and reinvested and taxes are an unknown shadow in the back of my mind even though I recognized that issue early. I started out overextended and the swings are getting bigger. + +There was one day this week ticker-wise that was so euphoric.... A life changing day. I was jumping up and down with my little daughter, cheering like my loser Jaguars had won the Superbowl. I was cry laughing. Sobbing. And I think I had chest pains... + +(I made no emotional moves) + +Honestly, I had a point to this when I started typing and could go on and on... But I've realized the real point is that some people here probably just need to know there are others riding this bull market with equal cluelessness or uncertainty. I can't tell you to buy or sell because I dont know. But I'm rooting for you and I probably am you. + +Edit: Thank you for all the positive comments as well as the criticisms. The criticism will only help me make more informed decisions. +So basically I liquidated all stock holdings, locked it I to a C.D. , redirected my 401k into all cash . I suspect that this market has been topping for 6 months now and that a major correction (-30%) is on the horizon sometime between now and January 2020. + There is so many geopolitical concerns out there along with unprecedented corporate debt which is been used to buy back stock, so insiders can offload their stock/options for huge fortunes. A weakness in earnings, the longest bull run in history, a softening housing market as demand dries up even though we have record low interest rates. I believe that we lost a generation of housing buyers (millennials) due to crippling student debt. + What's your take on this market? I know almost everyone believes in dollar cost averaging in low cost index funds but to side step a major correction would be better. No I dont have a crystal ball, just more than a hunch. + +Edit: Didnt mention that I bought 280 spy puts, expiration Dec 2019, little under water right now. +I'm looking to retire in 6yrs. The CD rate that I have is 2.7% which is monies I have in a taxable brokerage account. My bad when I said 401k went to all cash , it's in a 3% fund that invests in bonds and treasuries, I looked at this as basically been cash which I was wrong. I live in NYC metro area. Thanks for all answers , very interesting. I'm not trying to time the market but more of peace of mind. Peace to all. +I keep seeing people mentioning the cost of changing your name. The only costs come from replacing official documents (passport, driving licence etc). + +You can change your name simply by making a [written declaration](https://www.gov.uk/change-name-deed-poll/make-an-adult-deed-poll) and have it witnessed by two people. You can then show the document to your banks, your local Council (for council tax and electoral register), and anyone who issues you bills and voila. New name. + +You do *not* need a solicitor. You do not need to publish it with the Courts. Publishing it with the Courts will publish your address. +**Greetings fellow apes!** + +Over the last few days Games within NFTs have become very popular on this subreddit. However, the resources and tutorials are very fragmented. + +As such, I’ve set it upon myself to create a complete A to Z walkthrough on how to create your very own Game within an NFT from scratch using the Unity game engine and the GameStop crypto wallet. The tutorial will take you through what software you need, how to install it, how to use it, a bit of coding to actually make the game, setting up a GameStop wallet, funding it with $10 worth of ETH, activating it, and then creating your very own Game NFT through loopring.io + +>**Video Tutorial is here:** [https://www.youtube.com/watch?v=o36N5sWmgDU](https://www.youtube.com/watch?v=o36N5sWmgDU) + +~~The video should be in 4K but because it’s almost an hour long I expect it will take YouTube a very long time to process it. So if you want to follow along, I encourage you to throw crayons at YouTube so it works faster.~~ + +The HD version of the video is finally available, still waiting on the 4K one... Eventually (TM) + +&#x200B; + +>**Link to the NFT to try out the game:** [https://lexplorer.io/nfts/0x578b360bd33b574e7573ba2a768e06ff12f80835-0-0x4eb098b2a9ff424ac54669c6e69b87a09f51c552-0x70a3b8566802a8399b49b293b1f9029c2eb350f6b2af77e836de2bac7789b955-10](https://lexplorer.io/nfts/0x578b360bd33b574e7573ba2a768e06ff12f80835-0-0x4eb098b2a9ff424ac54669c6e69b87a09f51c552-0x70a3b8566802a8399b49b293b1f9029c2eb350f6b2af77e836de2bac7789b955-10) + +It is a bit more technically involved, but if you follow it step by step every single ape on here should be able to create their own, play it, share it with friends etc. + +All software used is Free apart from the $10s worth of crypto you need in order to activate your GS wallet and get the NFT minted. + +I hope you like it! It took me 12+ hours to make, so no easy feat… Feedback is welcome although it’s painful. + +**Power to the players, power to the creators!** + +EDIT: First of all, WOW! Thank you so very much for the support everyone! Did not expect such a strong reaction to me faffing about on my computer for a day. It's enough to drive an Ape to tears. 🦍🤝💪 + +Wanted to let you all know that the HD version of the video has FINALLY finished processing and is now available on YouTube, so you can probably actually follow along with the instructions now. + +Cheers everyone! +Looking to get LASIK, but want the best outcome, and able to go anywhere. I’m based in the States, but have heard good things about the London Vision Clinic and some other places. Although, I’ve heard the laser machine does the surgery, and that matters more, but I’m clueless how to find what the “best” machine is. It seems like every ophthalmologist says they have the best. Also happy to hear any personal stories. +I keep a list in my phone of 30 different items that I buy a lot of (TP, paper towel, deodorant, bulk meat, chicken, etc). I track the benchmark price of each of those items which I have determined based on shopping at the cheapest places, like Aldi and Costco. Example, Costco Toilet paper is $.01/sq foot, and Dove Shampoo is $0.18 an ounce, Aldi aluminum foil is $.026 per foot. This way when I am shopping and see sale or clearance prices for the similar items, for example, charmin at walgreens, costco bulk foil, i can quickly determine whether that product in its current size is a good deal based on my bench mark prices. This has saved me a lot of money by finding great deals on clearance/sale, but also saved me money by avoiding a purchase that appeared to be a good deal until I compared the price to my benchmark + + +**Edit.** Here is an excerpt per request so you have an idea of what I mean https://imgur.com/xFxqHDi +I live in the US, in a poverty filled state. Heck, my chosen neighborhood is at or below poverty level, on average. I'm a sole provider for a family of 3, and I feel as though we are afforded a fairly comfortable life, even at $34k. Most of the wealth growth and income growth that I hope for us is aimed at retirement and general betterment (Healthcare, quality of housing and education). + +Anyhow, if this sub delivers at the same focus of quality and moderation as r/personalfinance, but with a focus more oriented to my own income level, I'm stoked. +I developed it as an experiment, I don't want to do an ICO or something like that; the end goal is to test it and see what happens. + +On each transaction, two things happen: + +\- 1% of the amount is destroyed (Burned) + +\- 1% is assigned randomly to one of the 512 Top Token Holders + +With those properties, we should see some new tokenomics arise, for example, it may be better always to spread the tokens among multiple addresses, to increase the times you get randomly selected. + +This is the link to the site + +[https://shuffle.monster/](https://shuffle.monster/) +**TLDR** : Myanmar(Burma) government in exile recognised Tether as an official currency to fight against Military Dictatorship + +**Fact Check** : [Link to the announcement](https://www.facebook.com/MoPFINUG/photos/a.114937487404692/251267307105042) \[In Local Language, International media has not pick up the news yet so this is the only English post regarding this information\] + +**Backstory** : There was a coup in Myanmar(Burma) in February 2021. 99 percent of the national loathes the military. As of now there are two governments + +1. The military regime (Holding power) +2. The exiled government (won the 2021 election, the cabinet members location unknown but rumoured to be in Thailand,Germany,US)[Daily Fights going on - guerrilla warfare, daily protests, civil strike, tons of atrocities committed by the regime](https://news.un.org/en/story/2021/11/1105082)To read [about the coup](https://www.nytimes.com/article/myanmar-news-protests-coup.html) + +Since the Military is in control, the junta has tight control over the banks and the internet. Everything is traceable so the government in exile has announced the news today to encourage people to start using USDT instead of the current official Myanmar Currency (KYAT).[Link to the announcement](https://www.facebook.com/MoPFINUG/photos/a.114937487404692/251267307105042) + +Translation of the official announcement below. + +>*Republic of the union of Myanmar* +> +>*National Unity Government* +> +>*Ministry of Planning, Finance and Investment* +> +>*Order Note (4/2021)* +> +>***\[Burmese calendar\]*** *1383 years, 8th Nat Daw Month* +> +>*2021, December 11* +> +>***\[Title\]*** *USD Tether (USDT) officially recognised for usage within the nation* +> +>*1. In order to improve and accelerate the current trading and financial services, the following digital currency, a stable coin, now has been officially recognised for usage within the nation.* +> +>*- USD Tether(USDT)* +> +>*2. Thus declaring the order note (9/2020) released by the central bank of Myanmar as invalid.****\[Central bank is controlled by the military regime\]*** +> +>*ByTin Htun NaingMinisterMinistry of Planning, Finance and Investment* + +[The official Announcement In Burmese Language](https://preview.redd.it/hgl7xyowhw481.jpg?width=1131&format=pjpg&auto=webp&s=91a561acabafe8fb53b82f5482cc62143f839e5c)