diff --git "a/reddit_finance_43_250k_139.txt" "b/reddit_finance_43_250k_139.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_139.txt" @@ -0,0 +1,10000 @@ + +Edit : Grammar, Translation, Spacing, Announcement Link +**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) + +Edit : Grammar, Translation, Spacing, Announcement Link +**“The FED is the Greater Fool…” Part 3...** + +**Prior to the Covid Crash in March of 2020, the FED was still bag hodling Bulge Bank toxic MBS debt from 2008. The FED MBS purchases were single handedly holding up the residential real estate market in the United States. Covid killed that market and now the large Banks are selling more MBS to the FED than ever before… This has caused the FED to lose support of the MBS market and it looks like all the marvelous DD written by our wrinkle brain APE FAM is finally coming to fruition…** + +[u/MilkDud2000](https://www.reddit.com/u/MilkDud2000/) + +[Source: https:\/\/www.glassdoor.com\/Benefits\/Federal-Reserve-Board-US-Benefits-EI\_IE142008.0,21\_IL.22,24\_IN1.htm](https://preview.redd.it/uxpr4ggnks291.png?width=1248&format=png&auto=webp&s=69aa44b71b05ff2f7ee74ae000c74b0ea63486b1) + +7% match and 160 hours vacation immediately. + +**The FED PAYS dividends to the member Banks…** + +The member banks get paid a 6% dividend from the FED every year… For taking money from the FED. This Dividend has been 6% annually since 1913. \\ + +[Source: https:\/\/www.forbes.com\/sites\/norbertmichel\/2015\/12\/21\/banks-should-not-be-forced-to-buy-stock-in-the-federal-reserve\/?sh=41a9cabb8d25](https://preview.redd.it/51nuwr7sks291.png?width=1302&format=png&auto=webp&s=f81025d8e27e4fe217aff4f2ecb7fb7b153202a7) + +Forbes knows it… but if you need more on this… Directly from the FED’s website… + +[Source: https:\/\/www.federalreserve.gov\/aboutthefed\/appendix-b-dividends.htm](https://preview.redd.it/2r9q0c4xks291.png?width=1212&format=png&auto=webp&s=6601eb5d2e7f20cb36e45e8a6835c0c60bc05898) + +[Source: https:\/\/www.federalreserve.gov\/aboutthefed\/appendix-b-dividends.htm](https://preview.redd.it/jfsv13g0ls291.png?width=1222&format=png&auto=webp&s=581044f25b8a79757367541d0752e5e98377ccbc) + +**And the FED member banks always get paid… The FED has a surplus fund that stores cash, so even if the FED loses money they still get paid. And their dividend has never changed… it's been 6% since 1913. While everyone else, and everything else is affected by the rates the FED sets… The FED pays their MemberBanks a SOLID 6% regardless of the underlying interest rate conditions, or 325 BPS over the 10 year as of close Friday.** + +Source: [https://www.federalreserve.gov/aboutthefed/appendix-b-dividends.htm](https://www.federalreserve.gov/aboutthefed/appendix-b-dividends.htm) + +**After Covid Happened - The FED was on the front lines, protecting us and the markets, once again.** + +[Source: https:\/\/www.dallasfed.org\/research\/economics\/2021\/0826.aspx](https://preview.redd.it/wvl1aia6ls291.png?width=1260&format=png&auto=webp&s=8b8c2de5ac9f26b422c2991310cc9870d6dfe4b0) + +https://preview.redd.it/es8e7f1als291.png?width=1226&format=png&auto=webp&s=db09e2d25369bdbcb23e0d09f7342c9635b4e2bf + +When Covid first happened - The FED spent $580 Billion on agency MBS during the first two months. Then $114 Billion per month after. It's on the chart below in the “gray” bottom right… + +**This information/chart put out by the Dallas FED, helped fully confirm my thesis.** + +[Source: https:\/\/www.dallasfed.org\/research\/economics\/2021\/0826.aspx](https://preview.redd.it/bj5xehxols291.png?width=1280&format=png&auto=webp&s=5b5c42c80a3c1f27b82b1ce5c851dbd9fa592324) + +**The “gray bars” are the FED MBS purchases… The blue and red is the price adjusted dividend yield. Blue is the fixed rate, red is the actual rate after the Discount from Par.** + +[Source: Yahoo finance “MBB” 15 year chart… ](https://preview.redd.it/axf6fnculs291.png?width=1264&format=png&auto=webp&s=5a46da4218751ffefccfcd406dc3d6d97db7b09a) + +MBB lines up perfectly with the FED spending. The Fed started to buy heavily at the end of 2011 (after the $5 drop above) and MBS recovered. When the FED reduced spending in 2013, and 2017, the MBS declined until spending ramped up again… And when the FED stepped up spending in 2020… MBS went up again and today now trades at levels lower than the Covid Crash in 2019. + +**Or another way to look at it… (FED MBS purchases VS MBB Chart)** + +[FED MBS Purchases VS MBB](https://preview.redd.it/z8wiim01ms291.png?width=1282&format=png&auto=webp&s=c702f4e481755fbacca2e30a223a10188529917a) + +**When the FED bought MBS, MBB went up, when they "reduced purchases" over long periods the MBS market declined… and now… the FED spending has gone “sideways” since the Covid Printing started… but MBS is lower than covid crash levels and falling hard. It looks like the FED has finally lost control of the MBS market. With the FED getting more hawkish, how is this market going to sustain?** + +**Whenever the FED makes purchases, they are essentially buying their own Toxic Debt in the form of Treasuries, and MBS, from banks who are selling to the FED to raise cash. Whenever the FED makes purchases it seems, they are simply buying junk debt off bulk banks and bag holding for them.** + +**The FED can’t print bonds like they have done because it will destroy their holdings, if the FED prints trillions in new treasuries at higher rates, then their lower yielding bonds will get crushed.** + +**If a Treasury bond is to trade super low, let's say around 25 cents on the dollar. The FED will have to print 100 cents on the dollar to redeem that bond at Par, when it matures. If these securities collapse in value… the FED will always have to print crazy amounts of money/Treasuries to redeem/call in the issued debt… or the U.S will DEFAULT… And the FED have $23 trillion outstanding/issued in Treasuries alone.** + +[Source: https:\/\/www.reuters.com\/business\/feds-qt-plan-then-now-2022-04-06\/](https://preview.redd.it/zis3n977ms291.png?width=1238&format=png&auto=webp&s=b08744919e214f887db1b62f1a09fe5b8b7f96cc) + +https://preview.redd.it/5o4rc3fbms291.png?width=1276&format=png&auto=webp&s=940a9ccc2c0fc11de3bf99718a7f96e464d06e61 + +**The FED is going to start dumping MBS and Treasury securities soon. There is no way out for the FED or the MBS market.** + +**“The FED is the greater fool…”** + +u/MilkDud2000 + +\-------------------------------------------------------------- + +**Extra Thought: I do believe that the big firms buying up all the Real Estate has something to do with the MBS… it's a second way for the institutions to support the FED. They buy houses which helps inflate this market. The FED gives money to Bulk Banks… Bulk Banks lend to Private Equity at ultra low rates, they can buy up property and rent it out at huge profits… thanks to the cheap lending VIA the FED.** + +&#x200B; + +[Source: https:\/\/slate.com\/business\/2021\/06\/blackrock-invitation-houses-investment-firms-real-estate.html](https://preview.redd.it/3ivs32whms291.png?width=1234&format=png&auto=webp&s=daa3f94282196d446f56a205b6aa8623d9e4ea35) + +&#x200B; + +[Source: ​​https:\/\/slate.com\/business\/2021\/06\/blackrock-invitation-houses-investment-firms-real-estate.html](https://preview.redd.it/r4o3k33lms291.png?width=1224&format=png&auto=webp&s=42bf8fd4e1915a2e2e34c1e944d677b813ae77ed) + +[Blackrock is nice guy... ](https://preview.redd.it/n9kteg8pms291.png?width=1344&format=png&auto=webp&s=36aa999a2e125666257a8471d79d30687d418a07) + +The FED is the Greater Fool... Part 1 - [https://www.reddit.com/r/Superstonk/comments/v1n396/the\_fed\_is\_the\_greater\_fool\_part\_1\_part\_2\_is](https://www.reddit.com/r/Superstonk/comments/v1n396/the_fed_is_the_greater_fool_part_1_part_2_is/)The FED is the Greater Fool... Part 2 - [https://www.reddit.com/r/Superstonk/comments/v1nfxe/the\_fed\_is\_the\_greater\_fool\_part\_2/](https://www.reddit.com/r/Superstonk/comments/v1nfxe/the_fed_is_the_greater_fool_part_2/) + +The FED is the Greater Fool... Part 3 - + +[https://www.reddit.com/r/Superstonk/comments/v1np7g/the\_fed\_is\_the\_greater\_fool\_part\_3/](https://www.reddit.com/r/Superstonk/comments/v1np7g/the_fed_is_the_greater_fool_part_3/) +I’ve done a bit of research and i only need a 5% down payment on a house to buy it. would it be worth it to buy the house through a down payment. fix it up and rent it out and use the rental money to pay back my debt? would that be a sensible option for a 17 year old in australia. +Even if congestion is clearing up now (only by a little), and even considering the massive amount of money Status brought in, today's SNT ICO was a complete failure. Status may have already killed their brand with the community before they even have a working product. Individuals who previously had no opinion of Status, or even had a positive opinion of Status, will now actively work to see it fail. My suggestion to Status was to refund all the ETH and try again in a few months or just take the money and run, because their entire project is DOA even if it works like magic when they get it into users' hands. They couldn't have screwed this up much more than they did. + +Civic actually has a decent solution to the problems faced by Status today: You basically must already be a confirmed user of Civic to be able to buy into the ICO. You must have sent your photo into their service and verified your identity. This ensures that Civic's ICO will go off orderly and cleanly. + +Status could have done something similar. They whitelisted pools of slack insiders and allowed them to exceed the gas limit restriction placed on outsider investors. So the whitelisted groups were able to purchase their $millions of SNT immediately upon the opening bell, whereas folks who just wanted to invest a few ETH had to hammer the network for hours and throw plenty of gas down the tubes. Now, why in the hell would Status not simply do like Civic and limit participation only to members of such whitelisted pools? They could have organized more pools and made information on how to join them available in their videos and on their contribution page. The result would have been the same, but without the network apocalypse. If you didn't sign up for one of the pools then there would be no reason to even try to buy into the ICO, just like there's no reason to try to buy into Civic tomorrow unless you're already signed up. + +Ethereum has a lot of public attention right now and policy makers are watching to see where it goes. Any more events like those of today will ensure that Ethereum is never anything more than a joke to the public at large, people who actually run away from new things at the mere mention of risk. Status' disaster of an ICO, even after being delayed by 3 days, just verified to policy makers that the developers and influencers in this market are not prepared or capable to be dealing with funds of this magnitude. + +If you are a developer with plans for an ICO, put them on hold until these matters are resolved and trust is restored. If you are a developer that has a good idea to make ICOs run more smoothly, then you should drop what you're doing and build that program and run a smooth ICO of itself as proof of concept, selling that service to other companies who want to run an ICO through you, and you will end up with more money than Vitalik. + +To the Ethereum investor community: it is time to stand up and say enough is enough, that we will boycott all ICOs that do not have a clear, proven plan that eliminates the risk of turning into a Status-level disaster. Civic, I've already mentioned, looks solid. Any team that doesn't have a plan on the level of Civic should be laughed right out of the market no matter how promising their tech looks. + +Status absolutely destroyed their brand over the course of a few hours and made Ethereum look awful right when the spotlight was on it. ETH is already crashing down to $330 as investors start to realize that this crypto and its top minds aren't yet ready for the big leagues. The negative reporting on Status tomorrow will probably drive ETH down to $250 or lower as new buyers panic sell and cash out before the next disaster strikes. Status is almost single-handedly responsible for this and ought to face the full fury of this community and the market. We simply cannot allow this to happen again. + + +I've seen many articles and comments saying that AT&T is a good dividend producing company. As I'm still learning, from what I can tell their Dividend Growth Rate (DGR) has been awful. +1yr: 2% + +3yr: 2% + +5yr: 2% + +10yr: 2.2% + +For reference, I'm using the [https://www.dripinvesting.org/tools/tools.asp](https://www.dripinvesting.org/tools/tools.asp) Dividend Champions Excel spreadsheet. + +I'm happy for someone to take me to school on this one as I still trying to learn on my own how to read statistics properly. Looking at liquidated T for something with better growth opportunity. +If the former is true, stop what you’re doing, and go read about why you should direct register and actually own the shares in your name. Your shitty broker is internalizing, betting against you. Robbing you. They turned off the buy button. They can turn off the sell button. Cancel trades. They’re criminals. They break the law, over and over, with no repercussions. At most, fines that are somehow less than the ill-gotten gains. Breaking the law is profitable, and they will break it again to fuck us. Why wouldn’t they? So, please, go learn about why you should actually own your shares, and how it can help end (possibly) the naked short-selling of this stock I presume you love. + +And if it’s the latter, if it’s 7:1 bots, that just speaks to the quality of the community. I love the stock. The story is unfolding slower than my cost of living is rising. It fucking hurts. To buy. And DRS. And hold. But we see the bullishit now. We’ve peeked behind the curtain. It’s why they’re pumping millions of dollars into fake news, to no avail. No amount of bots or shills can change the fact that GameStop now publishes their drs numbers. That is incontrovertible truth. They did it, again, and with even more helpful info this time. + +This is real. You are not crazy. The executive team is paid in stock. You’re going to be rich. Only if you hold. Sooner if you DRS. + +You paid for it. Why not own it? +I believe there is a point in time where GME will legitimately cause the meltdown of the US economy by itself, and how I think the government and whales are completely oblivious to this fact. + +# Retail buying pressure + +We've all seen the daily buy percentages from brokers. Lows being 7:3 buy to sell ratio and some days as high as 100%. All these months, millions of retail buyers are putting in paycheck after paycheck, eating shares up for cheap. Yet, the stock price doesn't move. Some new rules get passed, but others get delayed, and the government seems to be completely complacent to let it drag out for a few more months. They probably think "We're already moving much faster by not taking several years. A few months should be fine. Let's just keep adding some rules to minimize the impact." + +The simple fact is this can only end if all shorts cover or the US government steps in to forcibly seize assets. + +**The only way to minimize the impact is to cover as soon as possible.** + +In fact, I highly believe we're on a doomsday clock of the US economy. I'm not sure when the time runs out, but once it does, we'll see market upheaval like never seen before in history. + +# Difference between Apes and other investors + +Normal retail investors are probably happy with 10% gains. WSB retards might be happy with 200% returns on YOLOS but are generally divided on what stock to buy. Institutions have to rebalance their profile if a stock gains too much, and they have to conform to their customer base's opinions, which are retail investors that want them to sell a risky stock especially after massive gains. In addition, they have tons of other restrictions. + +Diamond handed apes are different. They have none of the fear of retail investors are not regulated in how they trade. In fact, they only sell on the way down. This doesn't seem like too big of a deal but, **what if diamond handed apes owned the float?** + +If more than the float only sold on the way down, it would **cause an infinite squeeze.** + +An infinite squeeze would not be good for anyone, not even apes. I know some of you may portray this as FUD, but if we do hit obscene values like 1 billion a share, we should probably sell to not destroy the US economy. + +Why? When the DTCC insurance runs out and the feds are forced to print money, that causes inflation. For reference, someone calculated that the DTCC will run out at 50M a share peak. Money doesn't come from thin air, once too much money is printed, the value of the existing dollar goes down. If we get a true infinite squeeze, the government has two options: Let the dollar value go to zero as GME holders can demand any price, or forcibly shut down the squeeze. + +In the first situation, we're dealing with not only a US economic meltdown, but our tendies also might not even be worth much anymore. In the second scenario, we would gain significantly less tendies, and the US economy would undergo a huge recession as everyone believes the US government will manipulate the market. + +# The ticking of the Doomsday clock + +Every single paycheck, diamond handed apes are increasing their positions. Maybe some of these apes would sell a share at 20 million, repair their lives with it and watch the squeeze go up. However, if these diamond handed apes cause an infinite squeeze, it would cause a meltdown of the US economy. (So please do set a ceiling of 100 million or something, no one actually wants an infinite squeeze, as funny as that would be). + +# So. . . why the inaction? + +Because none of these people believes in you. The majority of these hedge fund managers and politicians don't know how diamond handed apes think. They still think retail is dumb and ignorant, that's why they still flood us with all these shitty shills that no one falls for. They BELIEVE those tactics will work because they think we're just slightly smarter than we were before. They don't think we'll diamond hand to 10 million. + +# Who's fault is this? + +**We need to realize that what happens here IS NOT OUR FAULT.** If someone has illegally stealing your assets for years on years, and you finally have a legal method to stop this, how is this immoral in any way? It's the thief's fault for stealing and it's the system's fault for allowing them to steal. If we do a perfectly normal action to stop them from stealing and this causes the thief and the system to collapse, it's not our fault. Maybe the system should have been built differently, maybe the thief should not be stealing in the first place. Don't let anyone tell you that defending our assets from manipulation is our fault or somehow immoral. + +**What about the other retail investors who lost their 401k?** + +When you make an investment, you should know the risks of that investment, and what you're investing into. If they invest in an illegal gambling ring, and the government shuts that down and they lose their investment, then they deserved it. In fact, they should be punished for helping to fund an illegal gambling ring. + +Yes, it's a shame that some people are going to lose their retirement savings. However, they should have investigated where they put their money. To put it simply, they either didn't care or got scammed, and we're simply catching the scammers. + +If you guys want to help them, then power to you. I know I'll be using some of my money to benefit the world, but we haven't done anything illegal. If anything, the money would see better use in our hands than in the government and these hedgefunds. + +TLDR: + +The government and banks probably still think we'll paperhand at 10k so they're willing to stall this out. Their belittlement of the diamond handed apes may cause an infinite squeeze once diamond handed apes own the float. At that point, I hope we can be the bigger man and let them off easy and let them buy our shares. . . for 100 million. This way we can avoid an economic meltdown. + +Not financial advice. Not bought by shills either (they're margin called at like 1k, they gain nothing from me telling you guys to sell at 100 million). + +Putting as discussion as I'm too lazy to put in data. + +Edit: Wow, that's a lot of downvotes. I welcome any criticism in the comments. Or could be shills. + +Edit 2: Has all of this doom talk made you feel a little panicked? Well, the best way to hedge your bet against a failing economy is. . . buy more GME. If you're ever worried about the impending crisis, just remember you own GME. If you're still worried, just buy more GME. + +Not financial advice just life advice ;) +I'm 28 years old with $446,000 net worth all in VTSAX type investments in brokerage accounts, 401k, and roth ira. I've lived with my parents missing out on A LOT doing so so I can reach this milestone early. It's been at the cost of not traveling, partying, etc. I drive an ugly 2009 Toyota Camry and live a non-lavish lifestyle. If you saw me you'd think I was some hobbo. + +I do get family and friends who tell me though that I could die tomorrow and can't take all this money to the grave. Which isn't my intention. My intention is to retire early possibly at 35-40. How do I respond to them? Are the correct? What's everyone's thoughts? Did I waste my 20s doing this? +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! + +Bought 3225 units of SCHD last month. + +&#x200B; + +https://preview.redd.it/z1prb7mmba9a1.png?width=557&format=png&auto=webp&s=1e92187f1caafa0ac8599ecbc9ed4a2a8c6eb518 + +As per tipranks dividend calculator, if I don't contribute anything and drip for the next 20 years at 7% share price increase per year and 10% dividend growth, the initial investment will result in 1870% in total return with $900k in annual dividend payment. + +&#x200B; + +https://preview.redd.it/zt8w2r3mda9a1.png?width=1052&format=png&auto=webp&s=1a8624eb852909f684795fca5443e138adcf2912 +I’ve read conflicting views on whether one should have an emergency fund (3-6 months on expenses) or just throw money into index funds of stocks/bonds because having money just sit in the bank is wasteful. What do you guys think? + +I’m currently a college student if that matters. +I am not savvy when it comes to IRAs or financial investments. We trade a little in the market, dabbed in cryptos, but besides employer retirement, I have nothing. +I don't want that for my children. I'd like to drop $1,000 or so on both my boys to help them when they are older. Maybe something they can add to as well?? Or is it better to just drop it and let it sit for 50 years? I appreciate any wisdom passed to me. +I wish I could have stuff that isn't cobbled-together "it'll do" stuff. + +I wish I had even drawers that didn't have sagging bottoms. + +I wish I could have stuff that didn't warp as soon as you look at it funny. + +I wish I could leave duct tape and superglue in a 'random drawer' for so long they'd dried out. + +I wish I didn't have to disguise crappy "oak" finish with contact film. + +I wish my furniture matched colour or even general style. + +I wish I could get the first items I wanted/needed without having to shop around for deals or second-hand items. I hate having to spend time and effort on what I consider a chore because I can't afford an easy option. + +I wish I didn't have so much plastic in my house. + +Right now I really wish my left arm wasn't sore because I had to spend ages fixing stuff and I had to hold the things in weird ways just to get the bastard screws in straight. + +I just wish I had nice things. +Question for the group: + +I used to pay down my mortgage \~$500 per month extra against the principle. I've recently decided that since my rate is \~2.9%, this is a waste of perfectly investible money. Assuming I'm taking the standard deduction, and new income is taxed, I figure I need to make a 4% return on any investment to match the 3% return on the money I'd otherwise be paying principal down with. + +The question is, how would you do this? Knowing we're going into an inflationary environment, and stocks are likely to take a hit, I'm starting with an equal split of $**TIP** and $**JPM**. This gets me roughly a 4% return. My main goal is preservation of capital provided it equals or beats 4%. I'm not trying to maximize return (I have a trading account for that). + +Thoughts on my ticker choices? + +&#x200B; + +edit: Remaining balance is $400k, with 25 years remaining on base loan. Goal is to save up extra principle in a separate account using a 4%+ return and then payoff balance of loan in 10 years or as soon as I can. (no pmi) +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! +My husband and I both gave notice at work and we will be leaving our jobs at the end of the year. + +*Since I always appreciate having this information when reading other posts, we are 50, a college-age son, and retiring with a NW of ~9m in index funds, muni bonds and some cash. + +My husband has an opportunity for doing some consulting work that will pay 18k (pre tax) per month. While we are not sure whether it is worth doing in the long-term, it is hard to pass up the income for a few days a month of work in the short term. We are wondering what the best way to go about setting this up is. We have only ever been W2 people. As so many people on here are business owners, we would really appreciate any advice we can get!! + +EDIT: we wanted to thank everyone for their great advice. This has been amazingly helpful to us! + +My husband is in media/OTT programming. And while 18k per month consulting IS a lot of money (I agree!), it is quite a specialized field. + +We have been lucky to land the right jobs at the right time and have always been big savers. I have watched friends and siblings spend on big houses and fancy cars/clothes/etc for many years, and while I do not judge it at all, we always wanted to take a different path. For us, time is what we value the most and want to spend our money on. +Does anybody know of a fund (UK equity or otherwise) that holds shares in [Greggs](https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/GB00B63QSB39GBGBXSTMM.html)? Thanks! + +EDIT- I should clarify I mean active fund, not a tracker. And I am not looking to hold shares directly. Merely asking out of curiosity in case anybody knew! +https://www.cnbc.com/2019/04/18/sears-sues-eddie-lampert-steven-mnuchin-others-for-alleged-thefts.html + +* Sears accuses its former CEO Eddie Lampert of stealing billions of dollars from the once-storied retailer. +* Sears Holdings filed for bankruptcy in October, after years of losses under Lampert, who was then its chairman, CEO and largest shareholder. +* “Altogether, Lampert caused more than $2 billion of assets to be transferred to himself and Sears’ other shareholders and beyond the reach of Sears’ creditors,” the lawsuit alleges. + +File this under "Things I'm Surprised Didn't Happen Years Ago". +https://www.cnbc.com/2019/04/18/sears-sues-eddie-lampert-steven-mnuchin-others-for-alleged-thefts.html + +* Sears accuses its former CEO Eddie Lampert of stealing billions of dollars from the once-storied retailer. +* Sears Holdings filed for bankruptcy in October, after years of losses under Lampert, who was then its chairman, CEO and largest shareholder. +* “Altogether, Lampert caused more than $2 billion of assets to be transferred to himself and Sears’ other shareholders and beyond the reach of Sears’ creditors,” the lawsuit alleges. + +File this under "Things I'm Surprised Didn't Happen Years Ago". +*ERRATUM ON TITLE PHRASING: THE MOASS WON'T HAPPEN UNTIL* **OPTIONS ARE REGULATED**. + + +[I was invited to explain this DD on an ape YT channel. Here's the video](https://www.youtube.com/watch?v=UQrOk5Syzl4&t=1489s) + +&#x200B; + +# LET ME START WITH A QUICK INTRO: SO WE ALL KNOW HOW HF ARE HIDING THEIR SHORT POSITION. + +&#x200B; + +Actually, even the SEC knows, since they wrote a "risk alert" on it in fuck\*\* 2013.[Strengthening Practices for Preventing and Detecting Illegal Options Trading Used to Reset Reg SHO Close-out Obligations](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf). + +&#x200B; + +# LET ME SUMMARISE THIS RISK ALERT FOR YOU + +&#x200B; + +**How do HF manage to make it look like they covered? Easily, with 2 types of deceptive options trading.** + +1. A buy-write trade, i.e. selling deep ITM call + buying a synthetic long share from MM +2. Buying a married put: buying an option put with a synthetic share. + +&#x200B; + +**What's the difference between selling calls and buying puts?** + +Well, not much, it's a question of obligation vs possibility, but in our scenario, it does not matter much. + +&#x200B; + +**Why buy a synthetic long at the same time as the option?** + +They use the synthetic share to appear as if they "close" their short position. Pouf FINRA number goes down, Bloomberg writes an article [" GameStop Short Interest Plunges in Sign Traders Are Covering](https://www.bloomberg.com/news/articles/2021-02-01/gamestop-short-interest-plummets-in-a-sign-traders-are-covering)" saying the HF have covered, end of the story. + +&#x200B; + +**How can they buy a synthetic long?** + +if a market maker buys options from an options writer, the market maker has legal privileges to do a version of “naked shorting” as part of their hedging function. This is necessary, under the current rules and the current system, for market makers to protect themselves when facilitating options trades. + +&#x200B; + +**Do buying synthetic long have an impact on the price of the stock?** + +Well, I do not think so, since they are not part of the float, they are not purchased on the market. + +&#x200B; + +**It it good news or bad news?** + +Well, we are not sure. There is a theory saying that the FTD cycles are getting bigger and it will only get worse for them, but I don't like the wait and pray tactic when we're dealing with HF. To me, it's rather a bad news to only rely on HODL and pray for the MOASS to start without the regulations in place to force short to close their positions.Their deceptive options duckery means they can reset their FTD indefinitely, the close-out requirement (which will trigger the MOASS) will never be enforced, and we are fucked.They are not bleeding as we thought they were. The SEC papers mention that with this tactic, they do not have to pay the borrowing fees for shorting, just a pre-arranged premium with the MM, which can be seen as a cost to leverage the MM hedging prerogatives of naked shorting. + +&#x200B; + +**Who is short then, the HF or the MM?** + +As long as the double trade is done (buy-write or married put), the HF are no longer short, fron a reporting standpoint, but the MM are, They usually don't want to stay short too long, so they most of the time exercise these options the same day. Which now makes the HF short on his turn, but with a reset for FTD. + +&#x200B; + +[Someone remember Melvin Capital revealing 6,000,000 Puts in the SEC filing from February?](https://whalewisdom.com/filer/melvin-capital-management-lp#tabholdings_tab_link) But no long position with their put, so naked puts. I'm willing to bet 1 trillion dollars these puts are leftovers of married puts he used as deceptive options to trade to look like he covered during the Jan squeeze. + +&#x200B; + +**The amount of such options that need to be traded is too big not to be noticed. They all know. The SECC, DTCC, any concurrent HF, and now even us.** + +This is why I'm convinced our best chance is a regulation of Options trading. But that would be too much to ask, right? Well, the DTCC just made the best "April fool" joke to Citadel with [**DTC-2021-005**](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005.pdf)**,** submitted after market close on Thursday (Have a nice Easter weekend Ken!) + +&#x200B; + +&#x200B; + +# How [DTC-2021-005](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005.pdf) is a GAME CHANGER + +Well, it's almost too real to be true, but on Thursday, after the market closed, DTCC submitted a rule filing to be reviewed by the SEC. Here is a high-level summary of the 3 main points first, but I will expand mostly on the last one, and let other smart brains analyse the 1st two points + +1. Securities can't be "borrowed" more than once +2. Some securities won't be able to be used as collateral +3. **Deceptive Short/naked options selling or buying won't be possible: Synthetic share created by MM during an options trade will be linked together. They will also stay in MM books. Which would make it impossible for HF to use the synthetic long for other purposes (like pretending to cover shorts).** + +**Page 42:** + +&#x200B; + +***Collateral loans***\*:\* + +*The collateral loan service allows a Participant (the pledgor) to pledge securities as collateral for a loan or for other purposes and also request the release of pledged securities. This service allows such pledges and pledge releases to be made free, meaning that the money component of the transaction is settled outside of the depository, or valued, meaning that the money component of the transaction is settled through DTC as a debit/credit to the pledgor's and pledgee's DTC money settlement account. When pledging securities to a pledgee, the pledgor's position* *~~is moved from the pledgor's general free account to the pledgee’s account~~* ***continues to be credited to the pledgor’s account, however with a system notation showing the status of the position as pledged by the pledgor to the pledgee. This status systemically*** *~~which~~* *prevents the pledged position from being used to complete other transactions. Likewise, the release of a pledged position* *~~would move the pledged position back to~~* *the* ***results in the removal of notation of the pledge status of the position and the position would become*** *~~pledgor's general free account where it would then be~~* *available* ***to the pledgor*** *to complete other transactions.* + +***\*\*\* Collateral Loan Program*** + +*About the Product The Collateral Loan Program allows you to pledge securities* *~~from~~* ***held in*** *your general free account as collateral for a loan or for other purposes (such as Letters of Credit) to a pledgee participating in the program. You can also request the pledgee to release pledge securities* *~~back to your general free account~~*\*. These pledges and releases can be free (when money proceeds are handled outside DTC) or valued (when money Page 42 of 45 proceeds are applied as debits and credits to the pledgee's and pledgor's money settlement accounts). A Pledgee may, but need not be, a Participant. Only a Pledgee which is a Participant may receive valued pledges.\* + +***Pledges to the Options Clearing Corporation****A Participant writing an option on any options exchange may fully collateralize that option by pledging the underlying securities by book-entry through DTC to the Options Clearing Corporation (OCC). If the option is called (exercised), the securities may be released and delivered to the holder of the call. If the option contract is not exercised, OCC validates a release of the pledged securities,* *~~which are then returned to the Participant's general free account.~~* + +***Pledges to the Options Clearing Corporation****A Participant writing an option on any options exchange may fully collateralize that option by pledging the underlying securities by book-entry through DTC to the Options Clearing Corporation (OCC). If the option is called (exercised), the securities may be released and delivered to the holder of the call. If the option contract is not exercised, OCC validates a release of the pledged securities, which are then returned to the Participant's general free account.* + +***\*\*\* Release of Deposits with Options Clearing Corporation on Expired Options****OCC automatically releases securities deposited with it to cover margin requirements on an option contract when the option contract expires. The securities are then allocated to your general free account. Notification of the released securities is received via the Collateral Loan Services functionality in the Settlement User Interface or automated output.* + +No more synthetic long, FTD, and other fuckery, this will force the Reg SHO Close-out Requirement which will trigger the MOASS into Uranus. + +&#x200B; + +# I WISH I WAS A COW TO BE JACKED TO ALL MY TITS !! + +&#x200B; + +# TOO APE ; DID NOT READ: + +If short sellers are facing a squeeze because shares are hard to buy, or scrutiny for holding an illegal short position, they can create an appearance of having closed their short position through the use of deceptive options trades. (Selling ITM call or buying married put). + +It does not make them cover, just reset the clock so FTD doesn't skyrocket. + +DTCC is unhappy about this mess and wants to ensure Options can no longer be used like this. + +When it gets enforced, it will force a close-out requirement (force HF to buy the stock in the actual market, launching our rocket to the sun) + +&#x200B; + +&#x200B; + +# EDITS 1: + +So, guys, I see lots of questions around when this goes into effect.I believe it's effective immediately after the SEC approves it. + +How long does the SEC usually take to approve these fillings?WELL, SURPRISINGLY, NOT SO LONG! Could be even just a week or two.Here a brief history: + +* DTC-2021-003 (Force HF to reveal their position on a daily basis): submitted the 09/03, approved the 16/03 +* [SR-DTC-2021-004:](https://www.dtcc.com/legal/sec-rule-filings) Approved in a few days +* [SR-DTC-2021-003](https://www.dtcc.com/legal/sec-rule-filings) was approved quickly as well +* All the ones before are approved (before Jan 2021) + +&#x200B; + +# EDITS 2: + +This is not financial advice, as I can only speak French. DTCC stands for "**Dans Ton Cul Citadel**", right? + +&#x200B; + +# EDITS 3: + +Please smart apes, come forward and help us make it stronger and more accurate. + +&#x200B; + +EDITS 4: + +I added another important missing paragraph from the filling that really explains why it will regulate options. This filling is not really a regulation (which would explain why SEC won't need to review it), it's a bookkeeping tracking update (almost a software update). They are going to be more precise in their reporting logic. **They will tag synthetic longs as "pledged" with an option. So they link the synthetic long and the option together.** This is what's new, so simple but it changes everything. +Edit: Original post - https://www.reddit.com/r/AusFinance/comments/agfp1x/i_made_a_terrible_mistake_in_buying_a_plot_and_i/ + +Many of you from here PMed me to know an update on this. + +Thanks for asking and I found it amusing the top comment on https://www.reddit.com/r/AusFinance/comments/ankt6l/melbourne_house_and_land_defaults_at_25/ was about me. + +So here you go - + +My friends and I have decided to forfeit the deposit. It's too much of a risk to go ahead with this and if we can't find a buyer, the construction would drain us of all our money. I was going to post an ad to see if anyone would be interested to pay 6K deposit (vs 36K) so we'd each atleast get 2k of our original deposit. But we received a letter from the developer last night for settlement not after Feb. So I don't think this plan is going to work. + +The sad thing is my friends have bought another plot with one of their friend (same arrangement as me) that they are going to settle. I've explained the risks to my friends but they are going to go ahead anyways. But it's none of my concern anyways. They are rich and I don't think this would hurt them. + +The big problem I have now is I'm fearful of investing. I haven't told you all before but I lost 7K last year on bitcoins. My wife doesn't trust me with money anymore and she's not convinced of ETFs too. So I don't know what to do with my money other than to keep it in a HISA. + +It's funny I decided to shell out 7k last year to my friend to invest in WANCHAIN even without knowing what a bitcoin is or what the hell that I'm supposed to do with that. I convinced my aunt (7K) and uncle (3K) to invest along me and invest they did. Good thing is atleast they are not mad at me for losing all their money but blame themselves for their greediness. My friend losing all his 10K doesn't comfort me though. + +I write in length because normally people write success stories but they don't tell in what and how they failed. I tell my friends about my greediness and stupidity so they don't lose money like me. + +Happy to answer if you got any more questions. + +Happy investing and thanks again for your helpful comments. +Hey all. Long time listener, first time poster (in here, at least) + +I notice that a lot of people in here come in with the above question, requesting help/advice on what to do about investing. I think it's great, and I think the dividend subreddit (aka SCHDSquad) is glad to help. At least I am. But help me. Help me help you. Help me. Help you (movie reference) + +We don't necessarily need your age, but we do need your time horizon. The time between now and when you need your dividends to supplement or replace your income is crucial. + +Investing is a balancing act of risk vs reward, which can be measured in things like growth (stock price over the course of time), starting yield (what percent you have locked in with an investment today), and CAGR, compound annual growth rate of your dividend (how much the yield you locked in today should grow, on average, each year. Without that time horizon, it's really hard to know what that balance should be. + +After that, it would help if we knew what kind of investment you can make every month ,quarter, year, etc. Yes, that may be personal, but you're also asking advice on how to help you retire. + +It's not absolutely necessary, but knowing how much you can invest, coupled with that time horizon, really helps with knowing how much risk you can avoid or have to take on. If you can only afford a $100 a month and have a ten year horizon, SCHD (all hail) ain't gonna cut it for retirement. You'd either have to take on a lot of risk (GME?), or adjust your horizon. + +Of course, it may also help if you mentioned what you'd like to retire on. This is more of a FIRE thing, but knowing what you need/want to live off, again coupled with how much you can put in, and how near/far away that day is when you need it, really really helps. If you're handy, healthy, and frugal, you may be able to retire earlier than you expect, or on the same timeline but with more in your pocket. You may even be able to (and don't say you heard this here) invest less. (please don't ban me mods) + +Honestly though, I get it's a lot to share. But at least the time horizon. We gotta know something. Otherwise you sound like Reuben in Ocean's 11 . "I owe you, from the thing, with the guy, in the place". I mean I get what he's getting at, but I don't get what he's getting at. Get what I'm getting at? + +Long SCHD (since I mentioned it) +Obviously we all know this suit is BS. However, I think it's more than just a wildly flung smear campaign. I grew up in a family overflowing with toxic narcissism. Narcissists absolutely have to have control in a way that everyone else struggles to grasp. They are so insecure that they have to feel in control and in power constantly to function. When they can't figure out what you're up to in order to manipulate you one of the things they will begin doing is randomly throwing out accusations against you. + +The main thing this accomplishes is that in an attempt to defend yourself you will tell them what you are actually doing as a way to prove your innocence and to disprove their claims. The narcissist knows that their claims are completely baseless, it's just a tactic. + +With a narcissists it's always both/and. Is this a smear campaign to turn people against RC and GME. Absolutely. But I think the real motivation is to try and use the suit to force RC to disclose what his actual plans are so that SHF can position against it. +I’m just getting started on my journey. Put an offer in and we’ll see how it goes. + +Curious to how others people’s responses to these questions: + +1. What’s your net income from your rentals? + +2. How much cash did you start with? + +3. How long have you been in the game? + +4. Do you work a full time job? If so, how many hours a week do you spend on real estate investing? + +5. If yes on 4, How much do you earn from your FT job? +So I started selling CSP last week and I've really been enjoying it, selling on MVIS right under the market value. I'm bullish on the stock and wanna wheel it. Its been working rather well but I feel I'm loss and unsure of many things now. I did my first put credit spread with a strike of $9 to $7 for a $52 credit and I highly doubt by feb 19 it will drop down again but my problem is this. I'm seeing so many experienced people talk about there plays and what kind of research goes into picking a stock and whatnot, meanwhile I'm just here with the very very basics, choose a CSP or CC with a delta between .2 to .3 and make sure it's a stock you dont mind owning. Besides that idk what really dictates picking a strike or even picking a stock. Honestly the small fish in a big pond feeling is starting to set in hard and idk what to really do now. Did anyone feel this way when they first started? + +EDIT: Thanks to all for the words of encouragement! I definitely feel alot better now. I'm going to keep at it and push through, hopefully I'll be posting my gains at the end of the month! +I bought a new car last year and the insurance costs are literally as much as my payment every month. For context I make around 20k a year but I have good credit and I live in AL. + + I took out a loan to buy the car but what I am wondering is: Can I take out a second personal loan to pay off my lien holder and then reduce coverage to just liability? Or would I still be obligated to hold full coverage? + +My bills currently make up 90 something percent of my income. I know the real problem is my income and I am working on that but I really need some financial headroom. +Just wondering on how much do you guys save/ invest/ spend per month? + +Below is my details. Please note below percent are of take home salary ( after all deductions including PF) + +57% Equity and debt mutual funds (Investment) + +20% Rent + +15% Other miscellaneous expenses + +8% Emergency corpus ( Hoping to build 1 year of normal expenses, almost there) + +Edit 1: adding some more context. Have frequent conversations with friends on what percent of salary they save. I'm 30 year old and have one dependent ( my so). The intent of question is to get data on how much this percent varies for different age groups? Secondary intent is to compare myself with same age group people and see how good/bad I'm doing in terms of managing my hard earned money. +Hello Reddit world. I read a lot of the great advice and opinions people have to offer on this page, and I'd like to know your thoughts regarding my specific goal. + +I dont currently have an IRA. I know most if not all financial advisors would say max out your yearly IRA prior to investing in a taxable account. IRAs dont appeal to me since my goal is to have enough income from dividends to retire early. I'd like to be done by 40 and I'm currently 28 (ambition goal, I know). + +My question. For anyone who is currently successfully living off of their dividend income, what kind of portfolio structure do you have, and how did you arrive at that portfolio? Over how many years did it take to get to that point? My portfolio is currently yielding $1,000 in annual dividends... that will have to compound big time for it to meet my goal, but how did those who accomplish it get there? Did you go mostly growth and then convert to dividend paying stocks at a later age? Did you keep a dividend rich portfolio the whole way through and reinvested the dividends? How do you protect/hedge your nest egg now so it can continue to provide you with the necessary income? + +Sorry for the long post! +[https://www.reuters.com/article/us-usa-economy/u-s-weekly-jobless-claims-unexpectedly-increase-idUSKBN2701QD](https://www.reuters.com/article/us-usa-economy/u-s-weekly-jobless-claims-unexpectedly-increase-idUSKBN2701QD) + +WASHINGTON (Reuters) - The number of Americans filing new claims for jobless benefits unexpectedly rose last week, which could heighten fears the COVID-19 pandemic was inflicting lasting damage to the labor market. + +Initial claims for state unemployment benefits totaled a seasonally adjusted 898,000 for the week ended Oct 10, compared to 845,000 in the prior week, the Labor Department said on Thursday. Economists polled by Reuters had forecast 825,000 applications in the latest week. + +The weak labor market and resulting economic hardship are major hurdles to President Donald Trump’s chances of getting a second term in the White House when Americans go to the polls on Nov. 3. Former Vice President Joe Biden, the Democratic Party’s candidate, has blamed the Trump administration’s handling of the coronavirus crisis for the worst economy in at least 73 years. + +Seven months into the pandemic in the United States, claims remain well above their 665,000 peak during the 2007-09 Great Recession, though below a record 6.867 million in March. About 3.8 million people had permanently lost their jobs in September, with another 2.4 million unemployed for more than six months. + +With the White House and Congress struggling to agree on another rescue package for businesses and the unemployed, claims are likely to remain elevated. Tens of thousands of airline workers have been furloughed. State and local government budgets have been crashed by the pandemic leading to layoffs that are expected to escalate without help from the federal government. + +High unemployment and a resurgence in new coronavirus cases across the United States threaten the economy’s recovery from a recession, which started in February. + +Though economic activity rebounded in the third quarter because of fiscal stimulus, the stubbornly high jobless claims suggest momentum ebbed heading into the fourth quarter. + +Third-quarter GDP growth estimates are topping a 32% annualized rate. The economy contracted at a 31.4% pace in the second quarter, the deepest decline since the government started keeping records in 1947. Growth estimates for the fourth quarter have been cut to as low as a 2.5% rate from above a 10% pace. +Back in late Feb early March, I was panicking (like everyone else) after seeing the gains I've made in 2019 disappear. Not knowing wtf was going to happen, I was going to cash out. I called my dad and asked what he thought of the situation. I was surprised/confused when he told me that he sold 2 of his properties and dumped all the money from the sale, as well as most of his savings into assets during that time and he advised me to do the same. I was very skeptical at the time and I was worried I would need the capital with all the shit that was going on- lockdowns, essential needs/food shortages, riots out here in LA. He then told me, "You'll never get an opportunity like this again, poor people are buying up toilet paper, rich people are buying up stocks." I'm definitely not "rich", but I decided to to take his advice and dumped all my liquid assets into the market- around $75k. All I can say is.....thanks Dad. +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 +Latest EDIT (moved this to top as it makes the most important point of this post): + +Consider this math: + + - If you only allocate your infinity pool shares to CS, let’s say 10-20% shares (according to early consensus… recent posts mostly claim 50%+ but I prefer to be conservative) + + - and not everyone can DRS (because of Roth, or living in some unsupported country, or being lazy, or whatever reason) so let’s say like 75% of people here will DRS (ambitious assumption imo) + + - that means the shares we DRS equate to ~7.5-15% of our total holdings. + + - **this means we’d have to own the float AT LEAST ~7 TO 13 TIMES to register the full float**, which is very possible but highly optimistic. + +**So no, we should not use CS for “only” infinity pool shares, we should register more than our infinity pools - and we should be ok with it because those shares can later be easily accessed - unlike a lot of the FUD claims. Ignore the shills attacking the post and me personally and re-do the math with your own assumptions.** Example: If you assume only 50% of people will DRS 10% (total registered = 5%) then we’d need to own 20x the float. **Essentially we need to just register as much as we can, not just infinity pool shares!** + +————————— ORIGINAL POST ————————— + +By all means, feel free to expand your own infinity pool as much as you want BUT **Computershare is NOT an “*Infinity pool only* parking lot for shares”** + +There seems to be a FUD campaign going on for some time now, claiming that *“shares transferred to computershare are hard to access”* and **that’s not the case - Computershare also acts as a broker^1 and you can easily and rapidly make orders with them (market and limit)**. + +**Btw title doesn’t mean to call anyone out! Just asking people to be more mindful of the subliminal messaging they may be unintentionally spreading.** + +^(note 1): This is obviously not their primary business model, they offer it as an added benefit for working with them. Not all transfer agents have the option to act as brokers, that’s where some confusion lies. Computershare allows you to place orders with them, whereas some **other transfer agents** would require you to first unregister your shares, then require to re-transfer your shares back to your broker and only then they’d be sellable. More information on conventional DRS and other forms of ownership can be seen here, directly from an SEC FAQ: https://www.sec.gov/reportspubs/investor-publications/investorpubsholdsechtm.html + +This is all new territory for everyone, and as a means to hedge risk (because noone knows how exactly the MOASS will unfold) feel free to spread your shares across CS and brokers. ^(Had to edit this paragraph as shills were using it to FUD the whole post) + +TLDR: parking your shares at Computershare is actually pretty similar to parking in a broker as far as rapid access goes! It is NOT an “infinity pool only” parking lot. + +Final note: making this post bc I’ve seen a lot of posts claiming “added x shares to the infinity pool”, then showing a screenshot of Computershare. I’ve commented on them but I reckon a post might have higher reach. That’s all have a great day 😊 + +————————— + +EDIT1: ty u/yesbabyyy for bringing this to light: an ape has tested both market and limit orders and both filled rapidly, read about it here: https://www.reddit.com/r/Superstonk/comments/potfb6/computershare_selling_updatei_sold_shares_of/ + +————————— + +EDIT2: given all the shilling in the comments I’m clearly onto something 🤣 fuck off shills, get a real job, in fact just buy shares and stop working for your shill overlords. + +**FIRST: The whole point of this post is to halt the narrative that shares in CS become unaccessible! That has been debunked** + +SECOND: I started the post with “By all means, feel free to expand your own infinity pool as much as you want”, so I’m not FUDing anything (fucking shills always projecting) - I’m not telling people to sell anything, idk how shills even derived that from this post + +THIRD: I’m waiting to test CS myself but have been researching for over a month and I’ve even contacted them. Furthermore there are PLENTY of posts (like that one ^ in EDIT1) showing that CS can execute orders in a manner of minutes + +FOURTH: no one knows what the MOASS will look like, how brokers will handle it, and all I’m saying is CS will have access to lit exchanges as much as brokers do, so any shares parked in CS are as good as parked in any broker + +Now I’m outta here, this is draining - and I got ”actual work” to do. You shills really do your job well, so fuck you for it. You drain people who have the best intentions and the “work” you’re doing is not only useless to society, it’s actually counterproductive to its advancement. Years from now this story will be told, and you will have been on the wrong side of it, probably portrayed as the pesky little useless people who kept defending the financial oppressors. Hope you have a conscience, and you’ll have to live with it. It’s never late to come to the good side. +It's free to freeze your credit reports through any of Australia's 3 credit reporting bodies: + +* https://www.equifax.com.au/eform/submit/credit-ban +* https://www.experian.com.au/consumer/request-a-ban +* https://www.illion.com.au/illion-au-ban-request-application-form/ + +Refer to this John Oliver video for more info: https://www.youtube.com/watch?v=mPjgRKW_Jmk +This was one of the best AMAs I've ever seen. During some of the past ones, I'd have to pause and take a break. During this, I was absolutely hooked the entire time, and only paused to finish taking notes. Thank you guys for organizing this, and for all the effort you do in answering our questions and keeping the growing sub going. +23 years old, after losing my shorts in the terra Luna crash I moved 95% of my money out of crypto. Feels a lot safer holding etfs. Live and learn I guess +I am really new to investment. I have been thinking of starting to invest in MF for some time but I can't get started because I am not able to decide the right funds. Since MFs themselves are really diversified I am having a really hard time selecting the perfect set of MFs. I accepted the fact that I can't choose a perfect set of MFs and just want to start investing from this month itself. +Disclaimer: In no means this is a brag post. Just wanted to share it with you folks. This sub has helped me a lot. + +Hi Folks, + +This is a throwaway account. I'm a longtime lurker, and frequent poster in this sub. + +At 25 years and 7 months, today my net worth just crossed 1 Crore in INR. I haven't told anyone about it, so wanted to share it with you folks. Will probably tell my GF about it sooner rather than later. + +Needless to say, I feel incredibly blessed. I feel most of our life is based on fortune and dumb luck. And, it's truly by blessings of my parents that I feel I was able to achieve this milestone. + +Company stock had been skyrocketing for years now, specifically since I joined. Moving to a dollar/euro based country has certainly helped. We're living in golden era of technological revolution. Let's make the most of it. + +80&#37; of my worth is in equity. Indian MFs, US MFs and Company RSUs. Rest is cash waiting to be deployed in market downturns. I buy each month. Don't do SIP. I feel buying yourself forces you to evaluate your choices a little and do some kind of optimization. For eg., if I invest in 4 MFs, I will buy more in the one which is farthest from it's ATH. + +I am strongly considering retiring early. FIRE is the term used for it. 30 is the age I've set for myself. At 30, I will evaluate if I have enough to leave the rat race, and start doing something meaningful. Something I care about. Something with 0 stress. I hope the gods keep bestowing their warmth upon me. + +Wish you all good fortune. +Here is a story about how pursuing FI has helped my career. I'm in my early 30s and have around ~$500k saved. My goal is somewhere around $2-3M so I'm not close to retirement but the nest egg is a good start. I actually don't mind my work and enjoy it sometimes but my field has horrible job security which is what prompted me to begin saving. It seems like layoffs happen at least once a year and with a young family I didn't want to be fucked if it happened to me. + + + +I hit $500k saved last year. And like clockwork, the layoff rumors started happening at the beginning of this year. Finally having a sum of money I felt pretty comfortable with, my confidence was high. What's the worst that can happen? They lay me off and I get a severance package, and I have a shitload of money anyway. + + +So as soon as I got wind of the rumors I started shamelessly campaigning for a spot on another team that I felt was more strategic to the company. I watched all of our CEO's public strategy statements and put together a presentation that basically regurgitated his ideas and how they tied into why I should be on that other team. + + +I'd never have so blatantly tried to find a spot on another team without FI. As it turns out, I not only got onto that team, but as a result of the layoffs and re-org they promoted me to be the MANAGER of that team! Most likely due to my understanding of the company strategy. My previous team was all let go in the layoff and re-org, so if I hadn't done that I would be looking for work. + +Certainly I could have done this without FI, but I was totally prepared to lose my job so I didn't feel scared about shamelessly initiating conversations with bosses 2-3 levels above me. And that is what saved me, and got me promoted. + + +Edit: For those who are curious, I'm in consulting/professional services. I've averaged about $120-150k over the years depending on bonuses. Not software developer money but pretty good. +What are your guys thoughts on the merger, i don’t understand why the news in May didn’t drive the price up, its a win win situation in my estimation. +Our friend michael burry also invested in heavy, so he sees the potential too. Let me know what why you think the market is not touching this value gift. +I have been feeling really nihilistic lately and I guess as much as I feel like a career in software engineering is very financially efficient, I feel very nihilistic at work. I love the financial comfort it offers me, but then I just start thinking about how I am spending all my time and energy building software for my team and I am not sure I really find it meaningful. I guess I can feel like a cog in the machine. I have only interned and have not worked full time, so maybe I have not experienced what it is like being connected to my team and having a shared purpose. I am scared that I may graduate and get a full time job just to find out that I do not find my work meaningful. The problem is, I am not sure what else I would do. I guess I am still young and still have a lot to learn and figure out, but yeah. Would love to hear your guys' thoughts. + +Thanks +Refer [here](https://www.servicesaustralia.gov.au/individuals/services/centrelink/jobseeker-payment) and [here](https://www.servicesaustralia.gov.au/individuals/subjects/affected-coronavirus-covid-19). + +Further, you don't need to provide medical evidence if you claim Sickness Allowance. You may be exempt from [mutual obligation or participation requirements.](https://www.servicesaustralia.gov.au/individuals/subjects/job-seekers-coronavirus-covid-19) If you are isolated or quarantined you can contact Centrelink via phone. There are also Major Personal Crisis Exemptions. +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. +I broke 1M at 30 and am at 1.175M at 31. Made it through real estate, relatively high earning fields (tech sales and life sciences) and some stock appreciation, in that order. When I started my journey, I always really enjoyed the year by year breakdowns of how and what individuals were doing on their wealth journeys. Wealth building didn't really become a focus until my late 20s, but our career trajectories (even in our early 20s when we were being paid pretty poorly) was still very important. In fact, one my biggest takeaways is that we have been competent and aggressive in our careers from the beginning, even when we were laughably poorly paid and without much wealth to show for it. + +&#x200B; + +**2011** \- Graduated from school, saved very little, had lots of fun. Fortunate to have no college debt, living in a HCOL city. + +HHI: (I'm going to use my wife and I jointly even though we didn't get married and combine until 2015): 72k + +NW: 0 to slightly negative on any given day. + +**2012** \- First year in tech sales for me. + +HHI 90k + +NW - Still zero. + +**2013** \- First year I made an effort to at least get my 401k match. + +HHI: 135k + +Net worth: 10k + +**2014**: Moved cross country to MCOL area with a lot of growth, mostly because we wanted to be there. Got into an enterprise software field selling role, even though I wasn't being paid like it at the time. I got good advice early on to get to the field as early as I could, was the youngest guy in the room pretty consistently from ages 24-30 and eventually got paid properly. New role was my first with RSUs, ESPP etc. Stock actually went gangbusters but I consistently diversified it once I hit LTCG as I didn't want to have all my wealth in a single stock. Would have 500k additional wealth had I not sold any stock, just from my initial package. + +HHI: 185k + +Net worth: 20k + +**2015**: New role was my first with RSUs, ESPP etc. Stock actually went gangbusters but I consistently diversified it as I didn't want to have all my wealth in a single stock. Would be at least 500k wealthier if I had simply never touched my RSUs, but who's to know that at the time? We bought our first house with a 3.5% down FHA loan and improved the hell out of it. We consistently had tailwinds in real estate for the remaining duration. + +HHI 190k + +Net Worth 150k + +**2016** \- Living pretty inexpensively still and doing well in our careers. + +HHI 201k + +Net worth 200k + +**2017** \- I got a 100% compensation bump in a new role and for reasons still somewhat unclear to me, decided to buy and fix up a condo in town using a HELOC from our now much more valuable primary residence. We paid down the HELOC with our now much higher income and did it again for another condo, and then a duplex. We did a ton of work ourselves, added a lot of value. We bought 752k of real estate in our first year and it appraised for over 1M by EOY 2018 through a combination of value add and the market. + +HHI 305k + +Net Worth 395k + +**2018** \- Strong income year, bought a quadplex for 495k that we fixed up. + +HHI 365k + +Net worth 760k + +Net worth 752k + +**2019**: Moved across country (back to HCOL where we started), had a baby and bought another fixer house for our primary residence. We do basically what we did on our first home, but on a much larger scale. Market treats us pretty well in our investment portfolio. + +HHI: 340k + +Net Worth 1.05M + +**2020**: Wife gets significant compensation bump. A really interesting part of this Covid thing is that we've spent very little and basically saved our way through the initial downturn and on our way back up. + +HHI: 405k + +Net Worth: 1.175 + +What's next: I went from buying our first investment condo to deciding we'd build a pretty big business (exclusively in multifamily, for now) in real estate pretty quickly once I felt we had a good model built. We're about to buy another 1M in real estate bringing us to a total of about 4M. We'll both continue to work, but the plan calls to buy 15M in assets by 40 which should bring us to a total NW around 10M at that time. I don't expect to see the tailwinds that we had early on again, but with enough scale we should do just fine. + +&#x200B; + +Takeaways: + +1. I had both good luck (the general market environment) and bad luck (failure to realize a potential RSU windfall). I think many people get neither of these types of opportunities, but our careers put us in a situation to put the throttle down when we saw an opportunity (in this case, the real estate) +2. Have a business plan, or at least a goal for wealth building. Things started going so much better for us once we made each year a measurable target. Measuring your net worth also changes your perspective (I used to hate contributing to my 401k, until I tracked my net worth and saw the bump every Tuesday from our contributions and match). +3. We carry a lot of debt (all under 4.5% and most under 4%) at roughly 68% average LTV today across the portfolio but I do worry about the debt load, especially given where we're going. We still have 35% of our NW in equities still and cash for 9 months of debt obligations but the sheer size of the debt number and what it will be still blows me away sometimes. FAT real estate folks: how do you manage LTV and reserves in your portfolio, especially when you know it has to withstand a lifetime of market ups and downs. Selfishly curious to hear from anybody in their 40s and 50s that has been buying consistently since their 20s as well. +I remember a while back someone posted a similar question and now cannot locate that post. + +I've read that there are doctors/clinics that take a look at your overall health and assist you in planning to extend your quality of life by fine tuning how you care for yourself now. Not just cosmetically but with adjustments to diet and vitamin deficiencies and work out regimes, etc. + +They do blood work and bone density and full body scans and look under every rock (so to speak) to help you plan to not only live longer in your golden years but live better. They are much more involved than your regular internist. + +Anyone know what type of medical professional I should be seeking? + +Edit: It's not about fusing eastern and western medicine. Am not interested in where it comes from. Only want something catered to my specific body needs to get the best out of now and the future. +There is this app called Stocklytics where in you can search for almost any company lsited on NSE/BSE and gives the intrinsic value calculated as per 3 methods + +1. Benjamin Graham formula ( (EPS*GROWTH*4.4)/10 YR BOND YEILD) +2. Mohnish Pabrai method for poor growth, average growth and good growth. +3. Discounted cash flow (based on the data it fetches from last 10 year annual reports) + +You can see the summary in one page and seperate calculations done by the app in the next pages. The app goes deep into sharing of the stock is stable/unstable according to Warren buffet model (The 10 point check he publicly stated he uses, except the dividend part) + +You can also see the TTM eps, price to earning, price to book, sector pe on the first page of the stock you search. + +Just FYI it is not a screener and won't screen stocks for you. + +Has anyone used this app? As far as I have used it, It seems good. And I think first 50 stock searches are free. +Stocktwits is, like the name says, some kind of twitter but just for stocks. You can follow people you think are great analysts or who give out good calls, you can watch certain tickers that might interest you so you can read what other people are saying, there's even some accounts who'll post sec fillings for a given ticker you're watching within seconds of it being filled. It's all great. + + +But recently there has been a huge influx of new accounts and bots whose only purpose is to manipulate the stock. These new accounts will always just incessantly bash the ticker/company/whatever, create and spread misinformation, and in general their only purpose is to make you afraid and doubt yourself, driving you to sell your shares and drive the price down. There might even be big institutional investors behind this, that for whatever reason need to buy back shares, or cover their positions, and many other things. +As you can imagine, this is specially effective in penny stocks and low volume, low float stocks in general. + + +As always, do your DD, trust yourself, and don't listen too much to these new accounts. + + +EDIT: yes I know i switched up the correct expression in the title, you can stop DMing me asking if I know what 'blessing in disguise' means. english is not my native language +My parents gifted my daughter $1000 for Christmas to start a college fund. It doesn’t necessarily have to be for college, but I want to make the most out of the opportunity to invest her money. + +Thanks in advance. +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! +I’ve only read Brandon Turner’s rental property investing book and it all seems like good stuff. But there is a part of me that doesn’t trust every time he says he wants me to do well and make millions lol. +**MAJOR EDIT: This post has been debunked. After a significant amount of discussion with several other users (including u/dlauer) an assumption I made about a section of the data has made both this post and a additional DD (Out of Gas DD) I worked on yesterday incorrect. It sucks to be publicly wrong when both of these posts got a lot of attention, but when you do DD's sometimes you will be wrong. I am changing this now as I am (unfortunately) not able to reconcile that error. I made the post, I should have done a better job of checking the data. Rather than letting this sit overnight as I am about to head to sleep, I would implore a moderator to switch the flair and have sent a request for this to happen. I will leave the post up as it is though, as failure helps us apes improve.** + +So u/xpurplexamyx pulled some FINRA data on June 2nd ([https://www.reddit.com/r/Superstonk/comments/nr2gbi/hank_needs_you_part_ii_hank_the_data_shepherd/h0embxg/](https://www.reddit.com/r/Superstonk/comments/nr2gbi/hank_needs_you_part_ii_hank_the_data_shepherd/h0embxg/)) and I went digging into this for the data that was there for GME. It goes from the week of January 4th to April 26th. So unfortunately, it’s a bit outdated, but that’s what we have to work with. This is the OTC data. + +**TLDR** +We get to look at all the different groups potentially wrapped up in this mess. Spoiler alert, it is probably more major groups than you think. + +I also have the Excel sheet of the FINRA data, and I think I got it working below to share it safely. Looking into some solutions for that - you can also copy the information from u/xpurplexamyx's post into Notepad and import it into Excel fairly easily. [Google Sheets Link Here](https://docs.google.com/spreadsheets/d/e/2PACX-1vTDsp8OjIwT_1eEMH72AgXFGMZJBgCtS0cD80UJPDAcWafeWx_6Jbfx_jkduRiV1Kap24PSfrp2zVUu/pub?output=xlsx) (first time doing this but I believe it should safely share - it's an Excel file download) + +**TLDR DONE** + +I examined the data to review who traded the most GME each week and there were five consistent companies that consistently appeared in the top 5 for Total Weekly Share Quantity. Depending on the week they are in different orders. + +* **Citadel Securities LLC** +* **Virtu Americas LLC** +* **G1 Execution Services LLC** + +But that’s only 3, you said there were 5. I did. Check out these images. + +[https://imgur.com/SBUQPbe](https://imgur.com/SBUQPbe) + +[https://imgur.com/6JufxgW](https://imgur.com/6JufxgW) + +[https://imgur.com/GnQP60P](https://imgur.com/GnQP60P) + +**The other 2 groups DO NOT INCLUDE A NAME. Their Market Participant Name is BLANK.** It is impossible to know 100% if this is only two separate groups but I would argue that since they consistently show up throughout the FINRA data we are looking at 2 mystery companies that are trading an absolute ton of GME every week OTC. One of these blank spots is ALWAYS the top spot, while the other seems to fluctuate between position 3 and 4. + +**These five positions (two blanks, Citadel Securities, Virtu Americas and G1 Execution Services) account for around a total of 82% of the trades carried out OTC.** (thanks for u/Gandos123 for pointing this out!) Including these groups, there are around 33 regular participants. Which means the other 28 entities only carried out 18% of the OTC trades. + +Edit - the blanks may be classifying other info - if you examine other tickers they add up to 50% of trades. But the numbers aren’t that important for this post. + +So who the fuck could these two blank groups be. I suspect this is also intentionally left blank, but why would it be left blank? Could be deliberate foul play? Could be a legitimate error? Could be a FINRA regulation? + +So I went looking on FINRA’s website to see if there was a rule about this. Turns out there is. If a firm lacks a market participant ID (MPID for short), then the field is intentionally left blank. (for more on these check out [https://www.finra.org/filing-reporting/market-transparency-reporting/trade-reporting-faq](https://www.finra.org/filing-reporting/market-transparency-reporting/trade-reporting-faq) under Section 104 and [https://www.finra.org/filing-reporting/regm-user-guide](https://www.finra.org/filing-reporting/regm-user-guide)) The firm could also break the rules and not report their MPID if they wanted for a small fine (ugh). The full MPID list can be found [https://otce.finra.org/otce/mp-list](https://otce.finra.org/otce/mp-list). + +**The full list of participants trading GME *ON A WEEKLY BASIS* in the FINRA report from January 4 to April 30 is listed here.** There were a few other small fry that showed up, but not for many shares or more than a week or two. + +* BIDS BIDS ATS – likely belongs to **BIDS Trading L.P.** (they have multiple MPID’s but BIDS is one of them) +* **Citadel Securities LLC** (multiple MPID’s but IEQY is one of them) +* CODA CODA – likely belongs to **Coda Markets Inc.** (they have multiple MPID’s but CODA is one of them) +* **Comhar Capital Markets, LLC** (their MPID is YKNA) +* CROS CROSSFINDER – likely **Credit Suisse Securities** (their MPID is CROS) +* DBAX SuperX ATS – likely **Deutsche Bank Securities** (they have multiple MPID’s but DBAX is one of them) +* **De Minimis Firms** (THERE IS NO MPID HERE, small firms that do less that 200 trades per day get grouped up together as De Minimis Firms https://www.sec.gov/rules/sro/finra/2019/34-86315.pdf ) +* EBXL LEVEL ATS – likely **EBX LLC** (their MPID is EBXL) +* **G1 Execution Services, LLC** (multiple MPID’s but ETMM is one of them) +* IATS IBKR ATS – likely **Interactive Brokers LLC** (their MPID is IATS) +* ICBX CBX– likely **Instinet, LLC** (they have multiple MPID’s but ICBX is one of them) +* INCR Intelligent Cross LLC – **Intelligent Cross LLC** +* ITGP Posit – likely **ITG INC.** (they have multiple MPID’s but ITGP is one of them) +* **Jane Street Capital LLC** (multiple MPID’s, JSJX is one) +* JPBX JPB-X – likely **J.P. Morgan Securities** (they have multiple MPID’s but JPBX is one of them) +* JPMX JPM-X - likely **J.P. Morgan Securities** (they have multiple MPID’s but JPMX is one of them) +* KCGM Virtu Matchit ATS – likely **Virtu Americas LLC** (they have multiple MPID’s but KCGM is one of them) +* LATS The Barclays ATS – **Barclays Capital Inc.** (they have multiple MPID’s but LATS is one of them) +* MLIX Instinct X – likely **Merrill Lynch, Pierce, Fenner, and Smith Incorporated** (they have multiple MPID’s but MLIX is one of them) +* MSPL MS Pool (ATS-4) – likely **Morgan Stanley and Co. LLC** (they have multiple MPID’s but MSPL is one of them) +* MSRP MS RPool (ATS-6) – likely **Morgan Stanley and Co. LLC** (they have multiple MPID’s but MSRP is one of them) +* MSTX MS Trajectory Cross (ATS-1) – likely **Morgan Stanley and Co.** LLC (they have multiple MPID’s but MSTX is one of them) +* **National Financial Services LLC** (their MPID is XSTM) +* Robinhood Securities, LLC – likely **Robinhood Financial, LLC** (multiple MPID’s but HOOD is one of them) +* XSTN CrossStream – likely **National Financial Services LLC** (their MPID is XSTM) +* SGMT SIGMA X2 – likely **Goldman Sachs and Co. LLC** (they have multiple MPID’s but SGMT is one of them) +* **Stockpile Investments Inc.** (their MPID is STKP) +* **Two Sigma Securities, LLC** (multiple MPID’s but OHOS is one of them) +*** UBS Securities LLC** (multiple MPID’s but UBSS is one of them) +* UBSA UBS ATS – likely **UBS Securities LLC** (they have multiple MPID’s but UBSA is one of them) +* **USTK Ustocktrade Securities** (multiple MPID’s but USTK is one of them) +* **Virtu Americas LLC** (multiple MPID’s but VALR is one of them) +* **Wolverine Securities, LLC** (their MPID is WSEA) + +So there’s the list of companies that have sent info to FINRA about their OTC trading. But we still have our missing companies right. Did you catch it? One of the major hedge funds involved in this entire mess is not listed here. + +**Melvin Capital is not on the list.** Given their central role in all of this, I would suggest they are potentially one of our BLANK parties. Given that Citadel had to publicly send them some funds, my guess is they are player numero uno EVERY SINGLE WEEK here. They are probably holding some HEAVY BAGS. Since they had an MPID, I suspect it’s deliberate we do not see them here. (MLVN and MSMM are the MPID’s for Melvin Securities LLC) + +The other group I am unsure of. I’ve looked through Bloomberg posts from these dates and can’t find a huge amount of institutional changes. There are a few groups I have in mind, but no real data to back this up. + +**EDIT ADDITION** +If you examine other tickers than GME, the blank spaces are accounting for around 50% of the trades. Do the blanks mean something else entirely? Maybe buy or sell side of trades with the listed firms? The data is pretty shitty in terms of numbers, but I don't think this changes the DD I am posting here. The numbers aren't really the focus of the DD anyways, but the list of potential involved parties. +**END ADDITION** + +I know apes have looked heavily at Citadel and Melvin and their activities surrounding all of this, but I think it is time we spent some more time on some of these other groups that have been juggling GME around in OTC pools for a four month period as the largest stock fraud that’s ever occurred played out. + +Though more recent data is not available, it’s likely many of these groups are still stuck juggling weekly, perhaps more digging into them might yield some additional info. + +How well can we trust the exact numbers here? I’m not sure, *especially with the House of Cards revelations that some of these groups hold FINRA’s investments*, but **I think we can trust that the groups trading are correct as they don't like to waste money in fines if they don't need too.** + +**EDIT:** So I forgot that Melvin applied for confidential treatment of some positions, then got denied for Q1. Then they reapplied for Q2 to hide their positions again (which went through), but will likely be denied again in a bit. I suspect it's even more likely that they are the top blank. + +A lot of people have commented Point72 as the third group - great idea - I skimmed the MPID list and didn't see them on there, so that may be correct as groups without an MPID can be listed as blank. + +Also, I've seen a lot of comments that Susquehanna isn't here - G1 Execution Services is a subsidiary of Susquehanna. Credit to u/Emergency-Monk-7002 for the link. + +Final point of this edit, I didn't put this in the post originally but have received a few messages about Bank of America - they are a subsidiary of Merrill Lynch I believe (BOFA is one of Merrill's MPID's) and Merrill Lynch is on the list. + +EDIT 2: An Excel File Link is now available. I believe it should share safely/anonymously now. [Link](https://docs.google.com/spreadsheets/d/e/2PACX-1vTDsp8OjIwT_1eEMH72AgXFGMZJBgCtS0cD80UJPDAcWafeWx_6Jbfx_jkduRiV1Kap24PSfrp2zVUu/pub?output=xlsx). If you click this it will download the Excel file. + + +**EDIT 3: Someone asked who FINRA was and I put it in a comment. But at this point they might as well be the Financial Institution Not Regulating Anything.** + +EDIT 4: Added a small note about how concentrated these OTC trades are in the top 5 entities. + +EDIT 5: To any mods who see this while I'm asleep, there might be a discrepancy in the numbers on this which I'm not sure what to make of after discovering it. Since after chugging through way more numbers ON OTHER TICKERS THAN GME in the Finra data, the blanks are accounting for exactly 50% of the data on each ticker. It is possible that the blanks could be accounting for the buy or sell side and the other listed groups are the opposite side of those trades, however this is poorly labelled and tough to decide which it is since it's the Market Participant Name that's blank and there is no label for whether it's a buy or sell. Whether the blank groups at the top is an entity or some odd tally/subtotal of trades, it isn't exactly clear from what's here. + +Regardless, I don't think it changes the point of the DD post here as I did indicate I wasn't super confident in FINRA's numbers originally since reading House of Cards. FINRA does have rules that names can be redacted/not included, firms could omit them, etc. + +Most importantly, the main point of this post is that **the groups listed here have been participating in OTC trades for over 4 months from January to the end of April and the data shows it. It's fairly likely they are tangled up in this mess one way or another. We should continue to expand who we are looking into.** + +Cheers all! + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Not sure if I’m looking for advice or similar experiences or just to share my story in case it interests somebody else but this seemed like the right community to share this with. I’m using a baby account for this because anonymous isn’t quite anonymous enough as nobody outside my family knows, really. + +I’ve technically been FI for about 8 years. I didn’t have any plans to retire insanely early and was using my degrees and working in software (big surprise lol). I honestly didn’t learn of the whole FIRE movement until about the time I retired. + +I retired in 2nd quarter of 2018 at 36. It wasn’t intentional. A lot had gone on in my family and my company was going through another big change cycle (My team had turned over 3x and management 5x in the 5 years I was there), I was overwhelmed and burnt out. I had a month-long trip planned for Nov. of that year and thought the summer/fall would be a nice break. I put in my two weeks planning to just putter around and focus on my mental health until that trip. I had fully planned to start job searching upon my return. + +I did not start job searching upon my return. I figured I’d enjoy the holidays as hiring is slow then anyway and start job searching in January. Cue more family stuff happening so I decided to wait a bit longer and had another month-long trip planned in April so figured I’d just wait. I actually ended up purchasing a house and started renovations before I left for my trip. + +I returned from said trip and I did not start job searching. I think the reality was that I had no desire to go back to the 9-5 grind. I decided to focus on the house and moving. I finally moved and took time to enjoy my new house. + +Heading towards the latter part of last year, I started feeling like I was missing something. I didn’t want to start applying for career jobs in my field as I planned to continue longer travels a few times a year (hahahahaha) and the thought of going back to the everyday stress and drudgery was too much. I thought about signing up with a temp agency or finding somewhere to volunteer on a more regular basis but didn’t make much of my thoughts as it was holiday time once again and figured the new year might bring some inspiration. + +In Feb. I got in a quick trip and was supposed to be leaving shortly after for 6 weeks of travel but all hell broke loose. I know the state of the world the last 6 months is probably amplifying things (and I do want to state that I know I’m actually insanely lucky to be in the situation I am with everything), but the feelings of just sort of floating around predate all of that. + +Looking at the timeline described here, it seems like there was a fair amount happening, and there was, but without a job the time between big events just sort of is. I haven’t felt passionate enough to stick to any long term projects and filling the days with random activities becomes really unfulfilling after awhile. + +I guess after writing all of this, the advice of make sure you retire to something is very valid. I didn’t plan on retiring so I also didn’t plan what that would look like for the next several decades or even few years. That feels like a bit of a mistake. + +Editing to add - it’s a very weird place to feel incredibly free like you could do anything and still stagnant and unable to decide what that thing is. + +I’m happy to answer any questions and an open to any and all advice! + +I live with no other humans and one assholish but adorable doge if that matters. + +Edit: Wow, I did not expect this many responses. + +Adding as it’s come up in a few of the comments I’ve seen. I do see a psychiatrist/therapist for anxiety/OCD and insomnia (nothing physically wrong, had sleep issues since my early teens). I don’t really fit diagnostic criteria for depression, though covid is causing something in a lot of people. + +Also, it’s not a lack of happiness, it’s a lack of direction and, to me, there’s a huge difference between the two. I’m not unhappy. Just aimless. + +Edit 2 - wow this blew up overnight. I never expected so much response. I’m trying to read through and respond to questions + +A couple of points +- am female (not surprising as I didn’t mention in the OP and this sub skews very male) +- The thing I’m missing is not a baby, I promise 😂 I’m really surprised that So many people suggested this since this sub tends to be very anti-marriage/child free! Maybe it’s the people who guessed I’m a woman? 🤔 +- I very much need to google and read up on Disc Golf, it seems to be the unofficial sport(?) of FI + +Thanks for all the feedback! +Who cares if our mods are awkward and do not have the social awareness to mitigate problems with their live streams. Who gives a flying fuck that we did not recieve the actual vote total and we may never know the actual amount voted. + +Gamestop had a fabulous day and you should be excited about the company's future. About month or so ago, everyone was having wet dreams about the day that gamestop would get a badass ceo. Well here he is and he is about to transform the company. + +It is still highly likely that retail owns over the float. It is just a waiting game now. Citadel is a drowning fly in a glass of water and they can't get out. + +Be patient and buckle up 🚀 + +Edit: We are also on an exponential floor. Most apes at this point shouldn't worry about dips because you won't lose anything before the squeeze. It's just profits at this point + +Edit 2: the vote fud needs to stop. With the sheer number of people voted plus the amount of apes on here who were on brokers that did not allow them to vote plus the normies not on reddit who also bought shares; It's hard to argue that we do not own the float. Everyone needs to chill with the vote count + Closed my account today, it seems that I don't have the discipline or the skills to succeed. Find very hard to understand the data and reading articles to interpret the data. The news also is confusing because one says it's going up the other one says its going down maybe I'm reading too much into it. It seems the harder I look for answers the further I become confused and lost. Anyway thanks a lot from you guys cause I learned a lot from your advices. +NPR story link below. A few things I took from this: +1. "limit rent increases to 7 percent each year, in addition to inflation", from an ethical landlording point of view I dont see this as super terrible. This might cut out some new deals with existing long term tenants though. +2. "Depending on the cause of the eviction, tenants would receive at least 90 days' notice and one month of paid rent", wow. so if you evict someone they can skip 30 days of rent? ish.. + +https://www.npr.org/2019/02/27/698509957/oregon-set-to-pass-the-first-statewide-rent-control-bill + + +I created an open source investing guide to make investing as easy as possible. My goal was to build a one-page tutorial and it should be fast and nicely readable on a mobile device. I added sources and links for further information. + +**Open Investing Guide** + +1. Invest in Broad Markets So That Your Savings Do Not Fizzle Out +2. Your Long-Term Setup +3. Don't Let Your Money Go Down The Drain +4. Keep Your Costs Minimal +5. Never Try to Beat the Market +6. Index Funds on Autopilot +7. 50/50 Stock/Bond +8. Discount Broker +9. Save Early and Invest Monthly +10. Rebalance Yearly + +[https://herget.github.io/investing-guide/](https://herget.github.io/investing-guide/) + +Happy long-term investing! 📈 +I’m going to college next year and don’t really expect to get too far ahead by working for 6-8 months beforehand. I do however have some really great scholarships and I’m going to a state school so I should be out with minimal debt. + +That being said. How much should I dedicate towards saving a month? My starting pay is $12 hr and I with be working 15-20hrs a week (as I am still in highschool). + +I have no bills, no car, and I don’t need a car for the next few years. +I'm starting to coast fire now, and wondering if any FatFIRE people that used to hustle feel like you have less time now doing not much? I realised that these days I would wake up make breakfast go out to the store have lunch then sit around the computer answering a few emails have dinner then play a few rounds of computer games go on reddit then suddenly it's snack and sleep time? + +I don't know how I used to be so productive and fit so much in my day. +Is this a retire-ing thing or a pandemic thing?? Any one else feel like you can't fit so much in a day anymore now that you stopped working? +In October of 2018, /u/Mr_Suzan was inspired by a post from /u/galloog1 to seek out underrated stock picks from the /r/investing community and monitor their performance. + + +Post-COVID bounce, I wanted to see how these picks have performed, so I've gathered them all here. + +A few of these have earnings posting soon, so the ranks may change, but overall it looks like a solid performance by the community. Any new underrated stocks to think about? + +&nbsp; + +# Some quick stats: + +- Overall average return: ~33% (compared to ~18% for the S&P 500) + +- Equal rated return: ~50% (as pointed out by /u/csp256) + +- Return on the most upvoted pick: Disney (DIS) 1% + +- Highest returning pick: Enphase (ENPH) 1110% (recommended by /u/williemax) + +- If you invested in the top 5 most upvoted stocks, you would have seen a 27% return + +- If you invested in the top 5 most controversial stocks, you would have seen a 99% return + +- The top 10 gainers in order were ENPH, TSLA, APT, DXCM, OKTA, AYX, BAND, ALU, WIX, LRCX + +- If you had picked one of these stocks at random, you would have had a ~53% chance of >10% gains and a ~19% chance of >100% gains + +&nbsp; + +If you'd like to participate in the next round, I've opened up a new survey here: +[https://www.reddit.com/i2thge/](https://www.reddit.com/i2thge/) + +&nbsp; + +# The full list of picks and performance: + +|**Company**|**Symbol**|**10/2/18**|**07/31/20**|**Increase**|**Provided by**| +:--|:--|--:|--:|--:|:--| +|Enphase Energy|ENPH|$4.99|$60.36|1110%|/u/williemax| +|Tesla|TSLA|$310.70|$1,430.76|360%|/u/saffir| +|AfterPay Touch Group|APT|$17.82|$68.54|285%|/u/Shapebuster| +|DexCom|DXCM|$126.14|$435.54|245%|/u/shrimp_coat| +|Okta Inc|OKTA|$68.27|$220.98|224%|/u/abscondphilic| +|Alteryx|AYX|$55.06|$175.49|219%|/u/Kme2, /u/HouseCatAD| +|Bandwidth Inc|BAND|$53.40|$144.78|171%|/u/flatech| +|Altium|ALU|$26.56|$72.00|171%|/u/Shapebuster| +|Wixcom|WIX|$111.96|$290.48|159%|/u/vidro3| +|Lam Research Corp|LRCX|$151.08|$377.16|150%|/u/mokkar1| +|Advanced Micro Devices|AMD|$31.42|$77.43|146%|/u/Lenwe_Calmacil, /u/the-coolest-loser| +|Etsy Inc|ETSY|$48.14|$118.38|146%|/u/abscondphilic| +|LGI Homes Inc|LGIH|$46.41|$114.11|146%|/u/stenlis| +|Apple Inc|AAPL|$227.26|$425.04|87%|/u/Mr_Find_Value| +|Microsoft|MSFT|$115.61|$205.01|77%|/u/mikwow| +|Tencent Holdings|TCEHY|$40.46|$68.49|69%|/u/DesignPrime| +|Galapagos NV|GLPG|$110.65|$184.14|66%|/u/Salmonbunny| +|American Outdoor Brands Inc|SWBI|$14.43|$23.89|66%|deleted| +|Amazon Com Inc|AMZN|$1,981.42|$3,164.68|60%|/u/zegna000| +|McCormick &amp; Co Inc|MKC|$134.34|$194.90|45%|/u/mwrowe92| +|CSL Limited|CSL|$198.52|$270.10|36%|deleted| +|Intuit Inc|INTU|$227.72|$306.37|35%|/u/RJCoxy| +|Square Company|SQ|$97.83|$129.85|33%|/u/clearyb123, /u/nickynickynicknick| +|Illinois Tool Works|ITW|$143.14|$184.99|29%|/u/hokageace| +|First Data Corp|FISV|$23.79|$30.24|27%|/u/black_ravenous| +|Visa|V|$150.79|$190.40|26%|/u/Devout_Athiest, /u/TheKillingJoke7| +|Salesforce|CRM|$154.90|$194.85|26%|/u/deadb0ef| +|Sturm Ruger &amp; Co|RGR|$66.13|$81.37|23%|deleted| +|ETFMG Prime Cyber Security|HACK|$39.64|$48.40|22%|/u/iStayedAtaHolidayInn, /u/Marcusaralius76| +|Waste Management Inc|WM|$90.17|$109.60|22%|/u/TheChosenWong| +|Texas Instruments|TXN|$107.74|$127.55|18%|/u/hokageace| +|Palo Alto Networks|PANW|$219.32|$255.92|17%|/u/OldMan0919| +|Unitedhealth Group Inc|UNH|$269.10|$302.78|13%|/u/wefarrell| +|WP Carey Inc|WPC|$63.67|$71.37|12%|/u/EasyE0287| +|Amphenol Corp De|APH|$94.47|$105.76|12%|deleted| +|Micron Technologies|MU|$45.15|$50.06|11%|/u/iopq| +|Verizon|VZ|$54.29|$57.48|6%|/u/rubaduddud| +|Brookfield Infrastructure Partners L.P.|BIP|$40.12|$41.84|4%|deleted| +|Walt Disney Co|DIS|$116.24|$116.94|1%|/u/slocs1| +|Arista Networks|ANET|$259.64|$259.77|0%|/u/bisoncorp| +|Carlisle Companies|CSL|$121.06|$119.08|-2%|/u/EasyE0287| +|Vista Outdoor Inc|VSTO|$17.46|$17.15|-2%|deleted| +|Endbridge Inc|ENB|$33.18|$32.00|-4%|/u/suptni| +|Learning Technologies Group|LTG|$143.00|$133.00|-7%|/u/lemonfloss123| +|Berkshire Class B|BRK.B|$216.40|$195.78|-10%|/u/NjalBorgeirsson| +|Cameco Corp|CCJ|$11.24|$10.16|-10%|/u/tree-farmer| +|Rollins Inc|ROL|$59.02|$52.40|-11%|/u/Racquet345, deleted| +|AT&amp;T Inc|T|$33.49|$29.58|-12%|/u/Open_Thinker| +|Live Nation Entertainment|LYV|$54.58|$46.81|-14%|/u/spacemusclehampster| +|CVS Health Corp|CVS|$79.50|$62.94|-21%|/u/DatElectric| +|Arrow Financial Corp|AROW|$36.05|$27.30|-24%|/u/henjsmii| +|Toronto-Dominion Bank|TD|$61.06|$44.28|-27%|/u/ImpyKid| +|Bruce Flatt|BAM|$44.87|$32.33|-28%|/u/ImpyKid| +|Intellia Therapeutics|NTLA|$25.76|$17.81|-31%|/u/Zero_G_Balls| +|HP Inc|HPQ|$26.06|$17.58|-33%|/u/daaave33| +|Sangamo Therapeutics|SGMO|$16.60|$10.83|-35%|/u/oarabbus| +|Anheuser-Busch Inbev SA Sponsored ADR (Belgium)|BUD|$86.54|$54.43|-37%|/u/JollyJumperino| +|Kraft Heinz Co|KHC|$55.60|$34.38|-38%|/u/Revolutionis_Myname| +|Blue Planet Investment Trust PLC|BLP|$38.00|$23.00|-39%|deleted| +|Unisys Corp|UIS|$20.09|$11.89|-41%|deleted| +|Teva Pharmaceutical Industries|TEVA|$21.50|$11.54|-46%|/u/missedthecue| +|Direxion Financial Bull 3X Shares|FAS|$69.49|$34.97|-50%|/u/Iamsiyuen| +|Cedar Fair L P|FUN|$52.48|$23.84|-55%|/u/Urban_Phantom| +|Century Link|CTL|$21.89|$9.65|-56%|/u/shrimp_coat| +|Direxion SHS ET/Daily JR Gold Miner|JNUG|$384.50|$161.84|-58%|/u/darkflash26| +|AMC Entertainment Holdings|AMC|$19.86|$4.04|-80%|/u/ThatAsianDude77| +|Transentrix|TRXC|$5.81|$0.49|-92%|/u/shrimp_coat| +|Oasis Petroleum|OAS|$14.27|$0.64|-96%|/u/Stateof10| + +&nbsp; + +The original post can be found here: +[https://www.reddit.com/r/investing/comments/9kl1i4/](https://www.reddit.com/r/investing/comments/9kl1i4/) + +In graphical form here: +[https://imgur.com/a/fc9Ls2k](https://imgur.com/a/fc9Ls2k) + +Edit: JNUG has been corrected to represent the reverse split (thanks to /u/alphamd4) and subsequent stats have been updated. This has brought the overall gains down from 36% to 33% + +Disclaimer: As noted /u/RedditRandom55, "people who continue to pick their own eventually see losses that are also greater than the market". Please do not interpret gains shown here as an endorsement of the investing prowess of the community +My parents who are both in their 80s are on pension, super has run out. They own their own home (probs about 800K) and consistently spend over their pension now with inflation going nuts. I don't want them to miss out on the things they love doing especially going to their local cafes where they get to interact with people etc. But I can't keep paying their credit card off for them. They are susceptible to scammy people too. + +What are our options? One is to sit down with them and take over their finances, get rid of credit card, take $$ from their pension for bills and let them spend the leftover however they like. That seems a bit extreme. + +Is there a way of unlocking some of the equity in their house so that they can draw down on that without losing their pension? I would rather them have a nice time than get the inheritance. + +What sort of financial planner would I go to for this sort of stuff? + +Thank you for reading +I thought it was a scam so I called them back and sure enough it was legit. Was paying 3.74% now they lowered it to 2.94%. + +I assume it's so I stay put and don't look around for a better deal. + +Anyone else had this experience? + +Edit: The bank Anz +I've lived in flatshares all my adult life but I'm feeling the need to get some more control over my living situation and maybe try renting myself. I've calculated of how much more that would cost and between the increased rent and not being able to split bills my total living expenses (rent + council tax + bills) would jump up 55% to roughly a third my take-home income. + +Now, I know that spending a 1/3 of your income on living situation is a perfectly reasonable amount (according to the internet at least). So why do I feel extremely guilty for letting myself think of upping my living standards in exchange for not being able to save as much month to month? I mean I know why it is (grew up in a not-so-well-off family and have a pretty funny relationship with money because of that) but how do I get rid of it? + +On one hand you've got not spending money on much unless necessary and on the other you've got indulging wants on a whim. The balance is definitely somewhere in between that. What's your personal approach to negotiating those? +I used to buy stuff all the time thinking that the more I have, the happier I will be. I grew up poor, so I didn't have many nice things growing up. When I started working, I would always spend my money buying the trendiest items, latest gadgets... anything I saw other people post about on social media or in my circle of friends. I thought having what they had will help me fit in. Until it all became too exhausting. + +Late last year, I had a good look at my finances and was surprised to see how much money was wasted on things I didn’t really need, or I only used for a short while and have completely forgotten about. Mind you, I wasn’t that bad. I was still saving a bit but definitely less than I expected. I decided to change my habits and finally take control of my money. I listed down all my goals, created a savings account where I would transfer money for my bills and savings right after payday and religiously tried to live off the remaining amount. + +It’s been 4 months and I just realised something: I am actually happier living with less. It’s like the desire to keep up with everyone just disappeared. I see things for their long term use instead of their short term gratification. +I couldn’t care less if my phone is 3 years old, it’s working fine. I cleaned up my wardrobe and now own some staple items: 3 pairs of jeans, 2 coats, some casual and formal shirts. I have 4 pairs of shoes. I don’t mind if people think I wear the same 3 shirts because the truth of the matter is, they actually don’t care either. I have decluttered my room and thrown away so much stuff that used to be money. The money that I had in exchange of my time. I was sad to see how my time on earth ended up being another item in the bin. + +Somehow, I also stopped feeling so pressured that everyone is buying a house and I’m still sharing a flat. This is what I can afford and that’s ok. + +I’m saving around 40% of my income now. The less I spend on material things means I now have more to save for the important things in my life like travelling and saving up for an early retirement. + +If you ever feel the pressure of having more possessions or comparing yourself to others, think about this: all these stuff are just resources we won't see when we're dead. Try your best to be a good person, find your purpose in life and learn to live with peace and contentment. +I’ve been retired for 2.5 years now, and I pop in here from time to time to tell people how things are going. I do it because I am encouraged to do so (by you nice folks) and I like to share what I learned so far. Feel free to ask me anything you like. + + +[My first post - a 1 year in reflection + FIRE story](https://old.reddit.com/r/financialindependence/comments/b2bfko/fire_1_year_in_a_few_reflections/) + +[And my 2 year follow up here]( https://old.reddit.com/r/financialindependence/comments/etgc2q/fire_2_years_in_a_few_more_reflections/) + +I’m a patient person, a future-oriented person, and these characteristics helped me to persist in the long-term planning I did when I was working towards FI/RE. It helped me hold on to my investment in crypto as it soared (Stick to your plan, man: I took some profits, which is how I jumped the queue to FIRE earlier than expected and with more than I needed, though I was heavy on the FI/RE path before that). + +I am also a semi-rational person (I think), who has played out a number of scenarios in my head many times. In fact – I had to do that to feel confident to retire in the first place. What if ____ (fill in catastrophic thing) happens?… each time I figured out how I would survive and most of the survival plans fell out to: keep cool and sit tight (a couple of them included “and go back to work.”) Considering how the stock market and economy in general are cyclical, I had gone through the “what do you do when there is a crash and your net worth drops significantly?” (note the crash part is not “if”, but “when”). The answer, as previously mentioned, was “sit on the porch and watch your sunflowers grow.” + +There was a conversation in (I think) one of my posts last year where after the market had dropped a small amount I mentioned I had just chilled through it (while others flipped out and panic-sold and were then kicking themselves) and someone on here snarkily replied “well, wait until you see a REAL drop, then we will see what you do!” + +Well Snarko VonSnarkington, this post is for you. + +As you might recall, the month of March was brutal, with many days showing huge losses in the stock markets. Not only did the market drop precipitously but my historically uncorrelated asset bitcoin shit the bed as well (a universal rush to cash?) leaving me just over $1M poorer net-worth-wise. + +My portfolio consists of real estate (my old house that I now rent out), index funds, and bitcoin. I outright own my current house (sold my bond funds to buy the house) and a piece of shit truck that I love. I also own a cat free and clear. + +So what did I do as my portfolio took a double barreled shotgun to the face?!?!? Not a goddamn thing. Ok, that’s a lie. I loss-harvested 90k worth of index funds which have since recovered and then some. I held tight. I held strong. I built shelves for my workshop out of salvaged lumber. + +Psychologically I have to say I felt off – it was not fun, and it was not Zen (though I tried brother, I tried). I had to argue with myself “well, this is one of those situations that test your mettle, meboyo…” and “wow, how is this going to play out… nervous… yuck…” but even though I experienced emotions, there was never even the option in my mind to sell in order to protect capital. It never appealed to me as a wise option and I had no compulsion to do so. For years I have made an informed decision to commit to this strategy I believe in, and damnit I am going to stick by it. I own my house. I know how to cook. I have health insurance and a rainy-day fund. I am retired, by design, because I stick to the plan until it no longer makes any sense – and this was a case where it looked like things were going to be ok (maybe it will take 3 years, but ok nonetheless). I had no idea we would see a stock/crypto recovery so quickly. + +By the end of this August when I updated my monthly spreadsheet, I had crossed back above where I was just before the crash. As of last week my net worth is 10% higher than it was before the crash. I also used the confusion in the marketplace in April to buy a beautiful old house to live in (and it has a huge detached workshop!) in a new, lower COL city (with cash, at a discount). + +Who the hell knows what happens next with this economy, politics, health, meteors, and the old Gods of Cthulu, but I’ve got one “been there, done that” under my belt now and I feel like I played it well by not playing at all. If anyone is looking for me, I’m out back in the workshop, making smoke and dust and a general mess as I teach myself woodworking and metalworking to enhance my primitive art constructs. + +Feel free to ask any questions, and when shit gets weird, remember to breathe. + +**Edit: [Highly Demanded Cat Pic](https://i.imgur.com/a/CHMbdvd)** +\*TLDR\*: I went really big on BBOZ/BBUS and am thinking of cutting losses by end of week. Asset price inflation is bound to win. It doesn't give a shit about macroeconomic fundamentals. + +Alright you numpties constantly repping your shitty BBOZ/BBUS like you're getting some sort of fucking commission on it. I bought a fuck ton of BBOZ/BBUS ($67k) pretty much when it peaked. I'm too ashamed to post loss porn, for now. I am still grieving like I lost a child - a firstborn one too - but rest assured I blame you all and not myself. + +I originally didn't really care too much about this fake rally because the macroeconomic fundamentals are just so bad and valuations are still way too high. I was happy to shit post along for the ride like that trash Titanic meme that I really enjoyed but I'm starting to loose faith. I naively thought the share market was correlated to the real economy but I'm starting to think that asset price inflation is really gonna win this one. + +1. Where is the evidence of QE \*not\* inflating stock prices? It always has, always will. GFC & Japan are prime examples. For GFC QE (which was \*much\* fucking smaller) it took a few months after the announcement of QE1 in November 2008 but basically FED balance sheet = S&P 500 from March 2009 onwards. [This shit is basically turning me into a permabull](https://www.google.com/search?q=Fed+balance+sheet+and+S%26p500&client=firefox-b-d&sxsrf=ALeKk03c3m4xAWj-lvvboADlXz2kMBQjaw:1586853873042&source=lnms&tbm=isch&sa=X&ved=2ahUKEwiPyaarw-foAhVDfisKHU-ZBtIQ_AUoAnoECAwQBA&biw=1640&bih=812). [Same for fucking Japan if you can be bothered reading this.](https://voxeu.org/article/effectiveness-bank-japan-s-large-scale-stock-buying-programme) Show me some good DD and tell me I'm wrong. +2. Why would a company's stock ever go down significantly if the company is basically guaranteed to not go bust due to unlimited liquidity and government being there to bail them out? Especially talking about blue chips here that are relevant for BBOZ/BBUS. There is close to zero risk for institutional investors now. +3. "Ok, but companies cannot make a profit without consumer demand", you say. Correct, but who really cares? They won't go bust and can take on unlimited debt until demand picks up again - even if that's in 1,2, or 5 year's time. Why would they care about Profit and Loss? Why would anyone investing in them care? We are sitting here thinking that reporting season will turn things around just like we hoped unemployment would turn things around, but I fear that it wont because there is literally no risks of defaults anymore, at least for blue chips. +4. Investors (especially institutional ones) don't give a fuck about unemployment. They care about return on investment and asset price inflation is one form of return. The fuck do they care if the underlying macroeconomic fundamentals don't justify the valuation. They get return. + +It feels like we are stumbling straight into another, even bigger asset bubble, even if macroeconomic fundamentals don't justify these valuations. It feels like we are printing our way outta this and there is no risk whatsoever putting your money in stonks. + +I really don't want to be a shitty bull in a shitty economy like this and I hate the idea of joining the army of boomers 'buying the dip' but who cares about the economy? + +Please tell me I'm wrong and that I don't understand finance, gambling, economics, stonks. I know 90% of this shitty sub is bagholding these BBs. + +Edit: [Here's another one for you stupid fundamentalist bears.](https://www.marketwatch.com/story/the-federal-reserves-stimulus-may-be-aimed-at-the-economy-but-stock-investors-will-get-many-of-the-benefits-2020-04-09) +EDIT - I think it’s been pretty thoroughly answered at this point, going to talk to them and sort out what we want to do if anything. + +Myself and a parent's name are on my mortgage from when they first helped me get the loan many years ago, now I have about \~5 years left to pay it off and they would like to take their name off. They're suggesting I need to refi in order to do this, but rates are currently worse than what I have and I don't want to extend it. Is there another way to go about this that won't require refinancing or incur those costs? + +I understand this might affect how the bank views the risk, which I guess is why it's possible that refinancing is necessary, but I've had it for \~15 years and my income is much higher than when first getting the loan. +I currently manage around half a million dollars and have been trading for 6+ years with 3 years of consistent profitability. Paid for my trading lessons the hard way by losing a lot of money at first. Here's some advice that might help you. + + + +1) Treat trading like a business. I know you probably heard this 100 times before but I feel like I should emphasize this point. Majority of traders overestimate their ability to make money and underestimate their risk exposure. + + +2) Think long term. The more complex your trading system is, the less freedom it has in terms of flexibility because of too many variables in your analysis. So, keep your trading system simple. + + +3) Do not rationalize or predict the market. Do not look for comfort in your strategy. In fact, do the reverse. Find comfort in the thought that markets are chaotic and there's always a good chance of you losing a lot of money. This should keep you up on your toes and controls your greed during a profitable streak (You are not a money printing machine, trust me. ) + + +4) Every trade you open should be assumed as a loss. This is very important in terms of having a healthy mindset towards managing risk. I never open a position based on how much money I can make. I do it based on how much I can afford to lose in this particular trade. + + +5) Biggest mistake I have observed while working with other traders is not doing their homework. If you don't plan your trades before the day even began, then you will develop a mindset of chasing the market which will lead to your downfall. Which brings me to my next point + + +6) Maintain three things - a) your daily trading notes that you read before you begin trading b) market observation notes which includes particular strategies and observations in specific markets and c) a full fledged trading journal where you record everything you traded. Always remember that majority of your trading work is done when you're not trading. + + +7) Journaling is the most important and also most neglected part of trading and most traders, including some very good traders do it in a wrong way. How do I know that? + +Let me ask you something : Tell me about what kind of trading setups were the most and least profitable in the last 100 trades. Explain them to me in detail including your analysis and opinion on what you think might have happened. + +If you can answer this in detail and with specific examples from your last 100 trades then I know you have a good journaling habit. If you cannot , then it's time to improve on your record keeping. Remember that your journals are the only way you can guarantee that you will grow as a trader. + + +8) Remember this no matter what - Not having a position in the market is itself a position if you know what you are doing. There's no need for you to always trade all day everyday and try to make money. In fact, I can guarantee you that markets will not always behave according to your trading system and during those times trying to "find a needle in a haystack " type of behavior is reckless and will take an emotional toll on your mind. Just sit on the sidelines if the market isn't moving according to your system. + +9) There's no thing as overbought or oversold scenarios especially in forex. Heaving a bearish bias because the market moved up by a lot is just ridiculous and most likely guarantee that you miss out on bullish scenarios. If you start developing a bearish bias after a huge bullish move then you better have a damn good reason for it instead of just saying " It moved up by a lot so I'm expecting a reversal". + +10) This one is a personal opinion. Always remember to take breaks and relax during the weekends. Managing stress while maintaining performance is a huge part of the job and I don't want you to burn out after a few months of serious trading everyday. Maintain a decent social life outside of trading to keep your sanity intact. Get some hobbies. Your health and well being is very important to your long term performance as a trader so don't neglect it. +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! + +This video was produced by the Florida Realtors and features their General Counsel on Law and Policy. + +[https://youtu.be/8EYIxNwXhos](https://youtu.be/8EYIxNwXhos) + +&#x200B; + +/u/funkyduffy has contributed a link to a written version of the above: [https://www2.floridarealtors.org/news-media/news-articles/2019/07/48-florida-housing-providers-sued-refusing-prior-felony-tenants](https://www2.floridarealtors.org/news-media/news-articles/2019/07/48-florida-housing-providers-sued-refusing-prior-felony-tenants) +Good Afternoon Apes, i hope you are enjoying your weekends, this post is mostly hype and conjecture and the product of 3 bong rips and the adrenaline/endorphins from a tasty deadlift session, this is not financial advice, merely a man drawing conclusions from what i have read and perceive to understand, very open to being obliterated in the comments by the more wrinkle brained. + +Now that we've got that out of the way, LISTEN AND LISTEN WELL YOU CRAYON MUNCHING RETARDS, THESE FUCKING ASSWIPES AT THE HOUSE FINANCIAL INVESTIAGTIONS COMMITTEE OR WHATEVER FUCKIN SHAM NAME THEY GIVE THEMSELVES JUST GAVE RC THE GO AHEAD TO SLING HIS (allegedly small) WEE WEE WHERE HE PLEASES. These latest posts outlining have been all over the place trying to understand just what the fuck is going on behind the scenes. After reading the report and concurrent posts on here I think we can come to a few conclusions: + +1. The Government is inept (duh) and in some manners complicit to the fuckery and crime (also duh) +2. The DTCC does not give a singular fuck about anyone on the planet but themselves and their profits, especially after Jan 21 when they got the RH/Ken Griffin Bag handed to them, proven by their recent rule changes and the news regarding their margin waiving. +3. The DTCC will shut off the buy button/restrict trading/waive margin again if it is in their self interest of profitmaking to do so and there will not be a consequence for doing so. +4. Restricting a stock with "idiosyncratic risk" from behaving as the free market would naturally will it is not in the best interest of the retail investor. +5. RC has been paying very close attention to this as his company is directly involved and implicated. +6. in GameStop's 10-K(maybe 13-k?) they warned the financial world, in writing, that should the DTCC be deemed incapable of protecting THEIR (GME) shareholders interest, that GME would remove their shares from the DTCC ( Badabing Badaboom MOASS bitches) +7. RC and every other member of the GameStop Board is directly incentivized to disrupt the gaming industry with share offerings. +8. DRSING your shares removes your shares from the DTCC + +These conclusions mean the one thing we can do in our Theater of War: DRS, and fast. I have been seeing Purple circles in waves since the news came out, but we need more. I believe in all of you shit slinging apes to HODL, DRS, and ZEN, the reward of which will be the keys to making this world of ours just a bit better. + +RC bet 15000 BBBY Calls that we can hit the mysterious magic DRS number before 2023, he believes in us too. +I was working from home today, to set the scene, because I had to get 2 new tires fitted on my car. + +While at the garage I get an email from what seems to be my boss, because on outlook mobile it just says the name of the person as opposed to email address and name. + +This email says I hope you're not too busy can you please email me your phone number because I've got a task for you. So I did. I thought it was a bit strange but at the same time I know lots of people to have a work phone so I figured that's what it was. And then over text he's telling me that he can't talk on the phone because he's in a conference meeting but he wants to gift his clients some Google play gift cards. + +Long story short I'm £1250 down, which is a lot of my money, I've called actionfrauduk and my bank, but none of them sound convincing with regards to getting my money back due to the manner in which the fraud was committed. + +I'm 23 but I feel like a 10 year old idiot, any advice? Do you think I should reach out to mastercard? Or maybe the supermarkets I bought the gift cards from? + +Idk I just needed to type this out and tell you guys I don't want to tell my friends I'm already ashamed and got my tail between my legs because all of my work colleagues know. (that's how I found out it was a scam I called my colleague to get him to help me with something because I was busy doing errands for my boss and he said, what do you mean? So and so is interviewing a candidate? He's not on a client conference call. + +This isn't written very well sorry I'm kinda all over the place at the moment it's been a bad week. +[Taxis in their current form are no longer relevant] (http://finance.yahoo.com/news/uber-lyft-demolishing-york-city-200900395.html?soc_src=social-sh&soc_trk=tw) +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/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/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +She has dementia. My dad bought several of them years ago, then he passed away, and my mom just kept paying all the fees even though she never used them. Now I'm her POA and I keep getting these absurd bills. What a scam, my god. How do I end it? + +and PSA: NEVER BUY A TIMESHARE. For the amount she has to pay in fees and dues she could take much, much nicer vacations than she would ever get out of these things. + +Edit: I'm a she, not a he. And my mom's estate is worth a lot, I can't just tell them to kick rocks as much as I would like too. It will just keep accruing fees. + +Edit 2: The timeshare is taking it back, calling it a transition. I have to pay all of her fees that are past due and a $250 transition fee. So it isn't as bad as it could have been. Thank you all for helping. +I always was decent in helping my mom in banks etc. I knew alot, passwords and how to login. My mom were always reliant on me. I want to know more about banks and finance. +I am 31F, have two children 5 months and 2.5 years. My beautiful husband devastatingly passed away suddenly, fairly recently.In the moments where I'm not overwhelmed by the heartache, I feel waves of terror regarding my financial situation. It's not completely dire but I am just not sure of my best way forward, so here I am, seeking your advice. I am based in Aus and currently on paid maternity leave until January 22. + +My husband had no life insurance, he'd recently changed superannuation and hadn't yet opted in. + +I earn $1600 per fortnightMortgage $1500 per month (mortgage total is 350k)I will receive $50k (husband superannuation)My community organised a GoFundMe campaign and I will receive around 70k + +I want to use the money to set us up a little bit better and help with financial security. I have wondered if I should invest some long term. Open to all ideas. + +Please learn from us and get the life insurance! + + +EDIT: Once life calms down, I plan on seeing a professional. In the meantime, I thought it may be helpful just to get some perspectives/ideas. +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! + +So I wanted to write about a scam I \*almost\* fell for recently. I haven't seen anything else out there about it. I don't consider myself gullible and these people were prepared for savvy folks. + +The other day, I received a text message purporting to be from Bank of America, warning me that someone tried to send $3.5k to someone using Zelle. I was asked to respond YES if valid and NO if not. I of course have not authorized such, so I said NO. + +I then received a call that appeared to be from Bank of America (it was the same number as on the website and the back of my debit card). They gave me their name and employee ID, and MOST IMPORTANTLY- THEY NEVER ASKED ME TO SHARE ANY PERSONAL INFO. + +However, the $3.5k transaction didn't show up in the records on my side. It was the steps they asked me to go through that made me suspicious. They wanted me to send money to myself to "refund" the money that was supposedly "stolen". + +They first told me that since Zelle is third-party, they couldn't stop the transaction directly. They then asked me to send myself two $$ transfers to get my refund- one for $2.5k and one for $1k. They also had me give them a code that came from an email- supposedly from Chase bank as they were the bank the "stolen" funds were sent to. I didn't give the correct code just in case, but after looking at the email details (sender etc) I don't think it came from Chase at all. + +I was suspicious at this point and made a comment about how it won't let me do that because I didn't even have that much in that account. They then said that they'd do a refund for the $2.5k from their end, but I still needed to do the $1k transfer to get all my money back. I said that didn't make sense- if they could refund part from their end they should be able to do all. He couldn't give a logical answer. + +At that point I hung up and called Bank of America directly. The lady said that BOA texts only come from short-text-codes and they don't call after that. If I say no, a transaction is simply denied and there's no reason to call me. (?? I'm not sure about that). She confirmed that his ID number was false and so was the procedure he tried to get me to complete. + +I'm not sure how the scam would have worked exactly if I had sent those transfers. I assume they were trying to set up another Zelle account with my email address, that would have collected the money I would have thought I was sending to myself? I'm not sure. On my bank I used my phone number for zelle, not my email, but they clearly have both. + +But they were good. They didn't ask for personal info, they spoofed the bank number and made up employee numbers. They were careful to be ready for savvy people who ask questions. + +They didn't expect me to hang up and actually call the bank, since it looked like they were calling from the bank. While I was talking to the bank lady, they were trying to call me back. They tried a few times the next day too. + +Be careful out there y'all. If anyone calls "from your bank", hang up and call the bank directly right away. + +I did post this at r/scams but I thought I'd ask here too, thinking someone might have more insight into how his scam would work. If you know, please enlighten me. Since I don’t know how the scam works, I don’t know if I’ve covered all my bases + +Learned: + +* Banks only text from registered short text numbers; these are almost impossible to spoof +* If in doubt, hang up and call the bank yourself, always!! +This might end up being more of a vent (but advice is 100% welcome!) but I've always tried to be extremely money conscious. I'm in my early 30s, no debt, and my net worth puts me around the 95th% for my age range. You'd think money would be the last thing on my mind, but I think I'm so conditioned to constantly think about it that I don't know how not to. + +I routinely play the "if I lost my job today I'd be good for this long" game, yet I'm a top performer where I work. I do want to FI/RE and save as much as I possibly can, but I think I might be overdoing it to the point where my quality of life is degraded. I have justified it throughout Covid being a thing, but with things looking up on that front I'm trying to equip myself with the knowledge to take some steps to improve things. + +Any advice on how to not feel this anxiety all the time? +Kind of just interested to see what people in here think of rental properties. A lot of you seem to love the passive monthly income so I’m curious why you guys would lean more towards dividends than owning rental properties? +Hi, what would be your advices about investing 200k EUR to ETF and avoid the risk of market timing(One-time payment instead of dollar-cost-average)? Currently, everything is the peak of the price. +***I am not financial advice and this is not a financial advisor.*** + +I touched base on the market cycle and how that is used to influence retails decisions in my previous DD [here](https://www.reddit.com/r/Superstonk/comments/tt21h3/deep_dive_into_anatomy_of_a_market_cycle_and_how/?utm_source=share&utm_medium=web2x&context=3), which allows big players to extract maximum value from retail in the stock market while exposing themselves to massive amounts of leverage in the process. In this post, I will again be addressing abstract topics in an attempt to tie my last post, plus this one, together to create a big picture of what is going on. + +**TLDR: The fractional reserve system in which the stock market is operating under (but lmao shouldn't be), with self-regulatory organizations overseeing the system, is the reason bubbles in the market form. The federal reserve through its covid response inadvertently forced TRILLIONS of dollars into the stock market which is currently being held in CFDs or IOUs, or literal toxic pieces of shit. If they had not, there would have been a bank run on the US Equities market and it would have been drained of all liquidity from the system - only debt left. This severely under-regulated fractional reserve system is allowed to use YOUR savings account to create fake IOUs and sell them back to you. This is the reason when this bubble pops, the drawdown is going to be absolutely monstrous.** + +&#x200B; + +[fractional reserve banking](https://preview.redd.it/zq4a4473rdr81.jpg?width=900&format=pjpg&auto=webp&s=d5a7e9e88fa46eb1352eab332dc8272fb9a5bbdf) + +In a fractional reserve banking system, when I deposit $1000 into my savings account, the bank by law has to keep a certain percentage of that deposit on hand in case I want it out. If the bank is required by law to keep, for example, 10% of all deposits on hand, then in the event of a bank run where everybody tries taking their money out at once, only $100 of that initial $1000 I put in will be available for withdrawal. The rest is held in debt, or an IOU to the depositors. The Federal Government is on the hook for that other $900 in the event of a bank failure through FDIC, which insures your deposits up to $250,000. + +As I briefly touched on in my first DD, the majority of the value created in the US equities market actually exists in the form of debt, or a liability. For every 1 share you "own" that is held in a brokerage, that 1 share can be loaned out hundreds, thousands, of times to short sellers by brokers (because it's owned by the broker), and those "shares" the short sellers sell on the market are then bought up by retail. By you. By me. That one share "worth" $100 has its value multiplied to a theoretical infinite degree, creating millions of dollars worth of debt in the system that has $100 worth of value backing it - so long as the liquidity exists to continue creating synthetics. + +&#x200B; + +[printer go brrrrrrr](https://preview.redd.it/c2ott6l6rdr81.jpg?width=1920&format=pjpg&auto=webp&s=0ac822ddcd353838551bb08707f0114c1b75b699) + +why is this system existing in the US equities market such a huge issue compared to the same system existing in the traditional banking sector? There is no governing body that isn't a SRO (self-regulatory organization), or **literal private fucking company** holding brokerages accountable to the amount of deposits they hold on file, or leverage in the system, and the repercussions of brokerages not being able to handle the amount of leverage they carry. The best part about all this? A **non-profit**, private organization is supposed to handle my payout in the event a massive for-profit Brokerage fails. + +&#x200B; + +[A private, non-profit organization is I guess going to be able to cover an entire for-profit brokers customer base? OK](https://preview.redd.it/eems0qn9rdr81.jpg?width=1163&format=pjpg&auto=webp&s=a2ac480b4502f2bb6f78337120a65f7a59abd24a) + +Based off the GameStop Class Action Lawsuit, Robinhood's internal documents showed $GME's short interest at 226% (maximum reported short interest). But what does that really mean? + +If the stock has an actual value of 100/share, there is $226 worth of DEBT held in the price of that stock. **And this complete disconnect from actual pricing/IOU SHITSTORM is only accounting for one stock, at the maximum possible reported short interest at that time. What are the odds of the short interest being exactly equal to the maximum allowed? And the worst part is THERE ARE THOUSANDS OF PUBLICLY TRADED COMPANIES IN THE US EQUITIES MARKET ALL WITH SOME DEGREE OF SHORT INTEREST, not counting the tens of thousands of companies that are sitting in the OTC market with an unknown amount of short interest still open on them.** + +How the hell can there be an argument about fundamentals of **any company on the market** and legitimate price discovery, when there is no way to obtain legitimate price discovery and no way of "pricing in" fundamentals? + +&#x200B; + +[well shit](https://preview.redd.it/eyfro4airdr81.jpg?width=1363&format=pjpg&auto=webp&s=d861aa49e5cddafb83866e0bc4df0c3b5f32a86f) + +The Glass-Steagall Act was passed in the wake of October 1929 stock market crash that plunged the United States into the Great Depression. This act separated investment banking from retail banking, so the money you have sitting in your savings account cannot be used for speculative purposes in the stock market. + +In this situation, the Glass-Steagall Act quite literally separated speculators from mom-and-pop savings accounts. Why was this a good thing, and why should it matter? Because you, your mother, father, husband, wife, wifes boyfriend, etcs savings account can now legally be used by JP Morgan Chase in the stock market to short a stock with Glass Steagall's repeal. + +[what the hell is happening](https://preview.redd.it/hxinrfrkrdr81.png?width=2048&format=png&auto=webp&s=048096655187f6ec8867e4d63b9279ce5efc6e7d) + +What does that mean in the grand scheme of things? + +Your money, which the banking system is federally required to keep x% on hand at any given time, can be used in the stock market at its **liability value - not reserve value - amplifying the potential debt per transaction.** Once it is in the US equities market, the brokers are only required to carry **the single real stock** on hand (shares can be loaned so long as there is "reason to believe that share can be located"), but this debt is paid for **with debt the bank already owes you.** This by definition creates more debt in the system until those shorts close. This is all "regulated" by self-regulatory organizations and private companies, whose leadership team/board of directors often include **members of the bank that is using your money to create this debt to begin with.** [FINRA Board of Governors | FINRA.org](https://www.finra.org/about/governance/finra-board-governors#Current). + +Yes, Brokers carrying 1 share is an absolute extreme. Many carry millions (remember when Fidelity showed 13 million shares to borrow one random morning)? The point remains the same. There is no accountability matching 1:1 of shares that should exist, and when that share is shorted it's no longer available to be shorted until it is returned. There is no accountability on making sure these shorts get closed out, hence the cellar boxing DD by [u/thabat](https://www.reddit.com/u/thabat/). + +&#x200B; + +[what the fvck](https://preview.redd.it/wiswejpqrdr81.jpg?width=480&format=pjpg&auto=webp&s=8ae0becab0aa9477e4485a9eae0d0357a13fa7c4) + +**How does this tie into my other post?** + +The composite man (whoever that may be), is able to take the full amount of debt he owes me through my savings account and use it in the stock market, where the reserve requirement is set by institutions not regulated by the Federal Government. Is it 5%? 10%? 1%? Who the hell knows - it could just be some arbitrary number that adjusts daily (Hence Robinhood saying they shut down trading on GameStop because they were hit with a 3 Billion reserve requirement from the DTCC one random morning). + +The same composite man is able to manipulate the stock market with the **sheer amount of assets they have available to them at any given time - 90% of every savings account that literally exists as a liability to the bank. He can then with my assets, run retail through the Market Cycle, inflicting maximum psychological pain to create maximum theoretical profit.** I then, as retard retail, buy the synthetic stock on the open market from my broker that has quite possibly hundreds, thousands of other liabilities attached to the single real share from synthetic shares produced via shorting and the ETF market. + +Notice a common denominator here? + +[credit to u\/gme2uranus](https://preview.redd.it/qf9yvy9urdr81.jpg?width=1147&format=pjpg&auto=webp&s=78e67732885d51c6732182681af5348705eda575) + +[I guess I am retard retail after all](https://preview.redd.it/g00a50hwrdr81.jpg?width=480&format=pjpg&auto=webp&s=582aa961b7f741cecd134f86fa32b5bf7276aa56) + +Remember from the last DD where I said "it's highly likely that we operate in a completely parasitic system designed to prey on retails emotions by getting them to buy stocks high and sell stocks low. The people with the money (I'm looking at you, Prime Brokers and Hedge funds), are able to manipulate price movement by routing the majority of orders through their dark pools, keeping complete control over pricing of assets so they can enact these mark-up/mark down periods. After all, this is a LEGAL way big players can steal money from retail in the stock market. By buying low and selling high"? **It'd be an absolute shame if the same person able to manipulate the markets was able to use your own money to do it.** + +What is the solution to this absolute massive, giant clusterfuck? Well, there is none. The liabilities in the system are going to exist until they no longer do. How do you reduce your exposure to the shitstorm that is brewing? You take ownership of the asset from the people that have caused this by their own greed. You don't enable the bullshit that retail has enabled in the market for this long. Once your REAL share is taken away, it can no longer be loaned out via brokerages, and worst-case scenario YOU will be the one holding the composite man accountable for his borrows and the stupid amount of debt he is pumping into the system. If **YOU** don't want to loan **YOUR** share, don't. + +&#x200B; + +[Own your assets. Not financial advice.](https://preview.redd.it/upb664tzrdr81.jpg?width=352&format=pjpg&auto=webp&s=a1030eeab91abbe1c03c4bb849886d33659ef7ab) + +[And I'm spent](https://preview.redd.it/s9zcwpt1sdr81.jpg?width=811&format=pjpg&auto=webp&s=d74d3de12d36e8f6aa7a3115cb6512fe05d27b3c) + +**TLDR: The fractional reserve system in which the stock market is operating under (but lmao shouldn't be), with self-regulatory organizations overseeing the system, is the reason bubbles in the market form. The federal reserve through its covid response inadvertently forced TRILLIONS of dollars into the stock market which is currently being held in CFDs or IOUs, or literal toxic pieces of shit. If they had not, there would have been a bank run on the US Equities market and it would have been drained of all liquidity from the system - only debt left. This severely under-regulated fractional reserve system is allowed to use YOUR savings account to create fake IOUs and sell them back to you. This is the reason when this bubble pops, the drawdown is going to be absolutely monstrous.** + +&#x200B; + +Edit: previous post link added at top +My question is simple: are there any rational (I.e. profit maximizing) arguments for investing in anything other than low cost S&P500 or global stock market indexes in the long term? + +Assuming I am: +- An average stock picker with no special insights or access to illiquid assets etc. +- Infinitely risk tolerant in the beginning not more risk adverse as I near my cash-out (let’s assume 25+ years) +- The world stays familiar (I.e. no aliens, mass extinction or anything else which makes investments redundant anyway) + +If you believe sector specific ETFs have any merit other than entertainment in the long run, please explain. It is my understanding, that they will all either regress to the mean or move the average itself, in which case it is hard to do better that a passive, broad index. + +[Disclaimer: I’ve posted this across several echo chambers on here, to get as informed as possible] +If you know, you know, *but if you don't*, trading options on meme stocks is **bad juju.** + +[What does going long on options feels like for GME](https://youtu.be/7BwxSHs9elk?t=141)? + +There is a curse on these stocks. Both GME and AMC are **totally broken.** They have been ever since this madness kicked off in January. Nothing about either stock's price movement since 26 Jan 2021 has been normal and with that, the means to **measure price movement too.** This leaves options traders with reddit and nothing more. It's absolutely the very essence of what a slot machine is. Not only do you need the right direction, but you need that random, volcanic level of volatility that appears out of thin air without anyone understanding how or why that keeps happening--besides market watch. They still seem to know. They think it's them "rEdDiT cRoWd" and organizing and pumping it up. My boomer scale explodes every time MarketWatch writes about GME. Anyways, I've been trading options for over a year now and till this date, I have yet find another stock out there that has behaved anything like these stocks. Both for the stock itself and options prices. + +[Do yourself a favor and look at CCI with GME.](https://www.youtube.com/watch?v=ZBAijg5Betw) + +Also, here are some family friendly facts about GME: + +* Completely unresponsive to technical analysis. +* Completely unresponsive to sentiment. +* [Randomly responsive to buying pressure](https://eresearch.fidelity.com/eresearch/gotoBL/fidelityTopOrders.jhtml)**.** +* **Randomly tanks** without ANY information either forecasting/supplementing it. +* **Randomly launches** without ANY information either forecasting/supplementing it ([minus Jan 2021 run up](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)). +* **Randomly trades-sideways** for most of the time with extremely low volume like it never even exists. +* [Price movement and behavior is the same for all meme stocks.](https://preview.redd.it/k12y1yxomjj71.png?width=4503&format=png&auto=webp&s=a71d022d84c6d3e2600632f853afb58185e74215) +* It has a negative beta that pulls heavily from Jan 2021--so hedging purposes aren't entirely legit. +* Oh, and **options pricing is ridiculous**. +* *The stock is 100% inefficient.* + +[Provided it's major theory turns out to be true](https://www.youtube.com/watch?v=_AHpRNJLamc) and explodes as a result, well, it will be like this until it does and one can only wonder for how long. People have been trying to measure this for a year now--nothing so far. Until then, the only one's finding any efficiency are **options sellers** who have probably paid off their mortgage by now from people thinking "today's the day" *everyday*. + +[Happy Gilmore would be the very essence of who and what this stock is.](https://youtu.be/7BwxSHs9elk?t=81) Everything about Happy Gilmore and what he does totally lines up with this stock's market inefficiency (ability to be priced properly given information known about it), culture, dysfunction yet also not and random explosiveness. +Buffet is 91 years old. Don't want to wish him ill will, but let's be honest, it's going to happen sooner rather than later. I know Buffet doesn't manage as much as he used to, but he is the "face of the franchise". Many people invest partially because they believe in him personally. Once he passes away, do you think BRKA/B will drop a lot? If so how quickly do you think it would recover? +Always interesting to see different net worth progressions. 46 professional in MCOL region. Snowball is starting to roll - getting close to FatFire. Following my own guide for 25 years (didn’t know about FIRE) just spent less than we earned and invested the rest. Been lurking on here - no one except maybe my wife really knows this. PLEASE SHARE YOUR PROGRESSION. + +Age 22 - graduation - negative net worth 8k (minimal school debt) + +Age 26 - Net Worth $90k - married at 25 - DINKS - saving for home and retirement - both accounting professionals. Purchase 2 new cars with 0% and .9% financing and commit to keep these cars until we have enough cash savings for the next car. + +Age 27 - Net Worth $100k - purchase home w/ 8.25% mortgage (only buy $235k home when bank was willing to give us $500k mortgage) + +Age 29 - Net Worth $170k - paying down debt aggressively with 2 incomes (wife’s school debt and car debt), continue to max 401k contributions - first child is born. + +Age 30 - Net Worth $295k - down to one income - refinance mortgage - buy used minivan for cash - home appreciates - strong market returns (market was down last couple of years during purchases). + +Age 33 - Net Worth $670k - 401k contributions continue - 2nd child is born - larger home purchased + +Age 35 - Net Worth $515k - stock market crashes - 3rd child is born - home and 401k decrease in value - purchase investment property - continue to max 401k (no reallocation - maintained 100% allocation to equities). + +Age 40 - Net Worth $1.06 million - 17-18 years to reach first million - home prices start to rebound - stock market going up again + +Age 42 - Net Worth $1.4 million - snow ball starts to roll - slightly less aggressive investing (from individual stocks to index funds) - paying down mortgage. + +Age 43 - Net Worth $1.8 million - vesting of some restricted stock - new job - stock market rally into year-end + +Age 45 - Net Worth $2.6 million - continue to save all bonus and restricted stock. + +Age 46 - Net Worth $3.6 million - stealth wealth - minimal lifestyle upgrades - continue to save and invest aggressively - mortgage now only 3% of gross salary vs 17% when we originally bought current home. + +Income has increased considerably which is contributing to net worth but biggest contributor is market gains on past savings and saving 100% of bonuses, options or restricted stock that vests. Temptation to upgrade lifestyle exists at all income levels. However, working towards buying my time which is the most valuable luxury asset (FatFire). + +18 years for first million +4 years for second million +1.5 years for third million +I live in Denmark where, recently, an organization called "Good Money" has been trying to communicate to the public, that money are not created by the state, but in private banks. + +When customers take a loan in a private bank, the bank does not take the money from somewhere else, they create an account in their computer system, and register the account as having e.g. one million on it. None of the bank's own accounts are being subtracted a million, so essentially the bank is creating one million out of thin air. + +I was sceptical at first, but I know now that that is the way it is. I have met others who simply refuse to believe it. + +The problem is that most people have a basic understanding of money that has to do with cash, which needs to be printed, which is so difficult from electronic money, that they're essentially two different currencies. + +My question: Is this situation the same in other countries, that the general public simply has no idea that private banks actually create money every time they establish a loan? +I don’t know if this is the right thread to post such question but as the title said, I’m wanting to get into real estate and my primary focus is cash flow from tenants. With that being said, I need to purchase houses for that. My credit score isn’t exactly the best but is a good credit score a be all end all sort of thing? Should I improve my credit before starting real estate? All advices are welcome + +Edit: thank you for all of the advices. I definitely need to learn more. The real reason I want to do this is because I am tired of working for someone. I want to be the only person who holds myself accountable. And of course, financially independence. I know this is not a get rich quick but life’s a marathon, not a sprint. I hope everyone here will be successful! Whatever your definition of it means +Hello, I’m a recent new grad (22F) starting my professional career in the healthcare field. I make a pretty decent income with no dependants, clean record and no health issues. + +My financial advisor has been pushing me to purchase life insurance. Her quote is whole life $100,000 for 15 years at $94/month. What is the difference between term and whole life insurance? + +I am currently in the process of saving money and paying off my student loans. Can someone provide me with some insight on how this can benefit me and a breakdown of how it works? Wanting to gain perspective from others. Thank you +I am a mid-twenties individual and would like to develop a clear plan for how to best save for retirement. I’m not well-versed in finances, and have researched online but I get overwhelmed and confused. I have no debt, a decent salary, and have never had a credit card (my credit is based off of student loans I’ve already paid). Is it worth it to see a financial advisor for guidance/an outline for planning for my future, or should I stick to the internet for my questions? +Hypothetically, sometime in the not too distant future in cryptoverse, the whale illuminati have shaken all the weak hands out with their antics of dumping, scooping up of the weak hand sells, rinsing and repeating. + +The only minnows left are made of iron. They don’t give a fuck. But, after a protracted period of entropy, even they forget about their crypto or can’t be arsed anymore and sell at whatever price. + +The whales now turn on each other, entering a boss battle mode game of brinksmanship, where their fake walls get repeatedly eaten by fellow whales before they can be pulled. It’s a zero sum game for them. But, fuelled by hubris and delusion, they run it anyway, steadily consuming each other and whipsawing the market in an ever tightening range, until only one whale is left, holding 99.99999999999% of the world’s crypto. + +The game ends and the price never moves again. + + +Seen a lot of discussion both ways about selling options on the high IV meme stocks and thought it'd be constructive to share a few thoughts. A couple caveats here to address some comments I anticipate: + +1) This applies to weekly expiries, on far OTM options. Selling at the money is way too dangerous. + +2) This is a little more of a vega-centric trade as opposed to theta-centric. But there's been enough BBBY discussion on this subreddit where I figure it's fine to post here. + +-------------------------------------------------------------------------- + +With the big spike and excitement in BBBY recently, I want to present why I think these types of opportunities aren't ill-advised instances of picking up pennies in front of a steamroller, but rather a great opportunity to generate solid weekly returns so long as volatility persists. + +I know a lot of those who frequent this subreddit are familiar with [the snorkeler](https://www.reddit.com/r/thetagang/comments/wse4xp/friday_bbby_snorkeling_guy_update/) from a week ago who threw away over half a million dollars selling BBBY puts. He was shamed by several commenters in that thread but I think there is a decent level of merit in selling options on a high volatility event like this, albeit in a slightly different way. + +Now as stated up top, I think their big mistake was selling a little too close to the money. Potential returns were very solid, but the risk there is a little too high. Instead I think the high IV situations provide a great opportunity once you look further out of the money. And for the "pennies in front of a steamroller" gang (which I acknowledge has *some* merit as a criticism), the trade doesn't end at expiry because these opportunities provide lots of flexibility on a week to week basis and that is where I think the advantage lies. + +In evaluating just about all of my trades, I think anything that offers a weekly 1%+ return fully cash-secured is a great return. Reason being is that the S&P 500 averages 9-10% per year. A 1% return per week annualized is roughly 67%. That obviously crushes the average return in the market and while everyone's goals when trading may differ, mine is to simply outperform the market each year (otherwise I'm wasting my time by not just buying and holding). Reason I bring this up, is that when we do see crazy price movement like we saw with BBBY, there are some trades decently far OTM which offer objectively solid returns based on the criteria laid out above (>1% RoR). + +I think the best way to illustrate this opportunity is to list out the actual trades I made over the past few weeks which netted me a profit despite BBBY dropping 62.48% from my entry. + +**Week 1:** + +With BBBY at $23/share + +STO -10 BBBY 8/19 10p for $0.13 +STO -10 BBBY 8/19 12p for $0.17 + +So here we have $300 of total potential profit here from the initial trades. Before the end of the week I closed out the 10p for $0.08 ($50 profit) and rolled it up to a 12p for a $0.25 credit as it allowed me to collect an additional $0.17 ($170) of profit. + +So we were headed into Friday with: + +-20 BBBY 8/19 12p for $0.21 (avg credit) + +Important point to consider here is that **our breakeven price for the trade at this point was $11.79**. + +This position looked just fine until Thursday night, when many of us remember that Ryan Cohen announced he had sold his shares. BBBY closed at $18.55 on Thursday afternoon and opened below $12 (our strikes) on Friday. But hey, volatility is the reason we were able to be in this trade in the first place so we knew this was something that could happen and had a plan to escape. On Friday morning, we did the following: + +We first took advantage of the insane IV off this huge overnight dip to sell 10 more BBBY contracts, this time some 8/19 9.5p for $0.28 which would net us $280. + +We then rolled down our 12p to limit the damage. As mentioned above, I feel at-the-money option strikes on these carry the most risk so we wanted to limit the damage and roll back out of the money. We closed out the 12p for $1.38, which resulted in a loss of $2,340 over those 20 contracts (ouch!). Those 20 contracts were rolled down to 8/19 10p, which we sold for $0.45 to make us back $900 (20 * 45). + +At the end of the day BBBY finished at roughly $11/share, meaning our new positions expired worthless. We're still at a loss, but here's how it shook out: + +10 8/19 10p: +50 +20 8/19 12p: -$2,340 +(roll) 20 8/19 10p: +900 +(new) 10 8/19 9.5p: +280 + +**Total P/L after week ending 8/19: -$1,110 loss** + +Obviously not ideal. But what I feel is great about these trades is that if it drops sharply against you, that option premium will still likely be elevated. So we took a look at our $1,110 loss and set up next week's trade. + +**Week 2** + +With BBBY at 11.03/share + +STO -12 BBBY 8/26 9p for $1.12 + +This one is much less convoluted than above. We were down 1,110, so we sold a batch of options which would fetch $1,344 at max profit and turn our trade profitable provided that BBBY finished the following week above $9/share. Additionally, we were able to reduce our overall position size which took some risk off the table. This allowed us the flexibility to add more if it moved further against us, as we did the morning of 8/19. + +Finally, we talked about our initial breakeven price above. With this trade, **we would break even on BBBY so long as it remained above $8.82/share on 8/26**. + +The reason I love trades like this is that we essentially took a trade with a stock at $23 and would make money if it stayed above $12ish. That didn't happen, but we are able to effectively move the goalposts and now profit if it stays above 8.82. That's a significant decrease. And *of course* it could keep moving lower, but volatility works both ways and we could drop that breakeven further next week if it continued the slide. + +Good news though, BBBY finished the week on 8/26 at 10.70/share and our trade was now profitable by $234. + +**Week 3** + +With BBBY at 10.70/share + +STO -10 BBBY 9/2 8p for $0.37 + +In a trade that further decreased position size (and risk) and dropped our breakeven price to $7.40, we sold some more OTM puts at a lower strike. BBBY wrapped up last week at $8.63 meaning these puts expired worthless for $370 profit + +**Conclusion** + +[Here is what the overall trade looked like, from my tracking spreadsheet](https://imgur.com/a/5TSVmUF) + +So overall we started playing BBBY at $23/share and it wrapped up last Friday at 8.63/share. That's a 62.48% drop. Despite that drop, **our strictly bullish cash-secured put positions turned a profit of $604.** With the average capital deployed that's a 4.05% return in 2.5 weeks which annualizes to 122.96%. You could make the point that the annualization calculation is a tad disingenuous because this opportunity won't exist every week for a year, but regardless, the 4.05% return in 2.5 weeks is an objective fact. + +Could BBBY have dropped further? Absolutely. It also could have stayed at $18 and I wouldn't have had to worry about 3 weeks of trades. Volatility works both ways. At the end of the day I think the takeaway is that high IV situations like this provide really nice opportunities for option sellers as things can demonstrably move consistently against you, yet if managed properly there is still a chance of profit. +1) Selling ATM puts + +[https://www.reddit.com/r/thetagang/comments/n6ggo7/quick\_tip\_the\_wheel\_whats\_delta\_got\_to\_do\_with\_it/](https://www.reddit.com/r/thetagang/comments/n6ggo7/quick_tip_the_wheel_whats_delta_got_to_do_with_it/) + +2) Selling OTM puts + +[https://www.reddit.com/r/options/comments/a36k4j/the\_wheel\_aka\_triple\_income\_strategy\_explained/](https://www.reddit.com/r/options/comments/a36k4j/the_wheel_aka_triple_income_strategy_explained/) + +Which one works best for you? +Investors are still largely sitting on the sidelines after the market’s epic rebound, but the low returns in bonds and cash have left them with no alternatives but to embrace risk assets again, according to JPMorgan. The firm sees a nearly 50% rise in stocks over the long term due to this shift. + +“Our most holistic of our equity position metrics, which compares the size of the equity universe to the size of the bond and cash universe, implies 47% upside for equities from here assuming the implied equity allocation of non-bank investors globally rises from 40% currently to the post Lehman period high of 49%,”  Nikolaos Panigirtzoglou, a managing director at JPMorgan, said in a note on Friday. + +https://www.cnbc.com/2020/06/12/jpmorgan-says-stocks-will-climb-nearly-50percent-as-investors-flee-low-returns-in-bonds-and-cash.html +Hi all, + +I have avoided T for a while, but I noticed today that despite the 7% pop in price, it still trades at 0.72 price to book value (That means it’s price is 72% of its book value). + +I understand people sold off when they separated from discover, and also because of the subsequently lowered dividends. But 0.72 seems… excessive? + +Is there another reason for its price to be this low? Is the book value just not trust worth? What am I missing here + +Edit: the thing I was missing was something called “goodwill” which is a measure of intangible value added to the assets of the company, thereby inflating their book value beyond what their actual assets are worth. +For those unfamiliar, the Japanese stock and property markets by 1989 had run up to absurd valuations (the Nikkei 225 hit a Shiller CAPE of 80) and then collapsed, never to recover. I used to think this massive bubble proved you can’t just buy and hold ignoring all fundamentals and valuations, but recently came across this: https://ritholtz.com/2017/10/japan-greatest-bubble-time/ + +Key takeaways: + +> Never underestimate how far people can take the markets to the extremes. This works in both directions. The pendulum swings back and forth but always seems to go further than most would assume is possible. + +> **Valuations don’t work as a timing tool. If you tried to use them in Japan you probably would have gotten out of the market a decade before the peak.** It’s easy to say this in hindsight, but there were few scenarios where the late-1980s real estate and stock market valuations could have been validated going forward. + +> Diversification, as always, is the key to avoiding a blow-up. The entire point of diversification is to avoid having your entire portfolio in a Japan situation. The global stock market has done just fine since 1990 **even when you include Japan in the results.** + +Other assets you might’ve deiversified into that would’ve saved you: Japanese government bonds, Japanese small cap and value stocks (the Nikkei 225, as name suggests, only has mega caps), and foreign real estate. +Hey guys, newbie to subreddit here, + +Picked up light day trading a few weeks ago, first using 500, then 1500, then eventually putting in 3.5k euros. + +I used the site plus500 which gives me leverage, but is of course risky as hell. It started out good with me getting 50 to several hundred euros profit a week. I made good rational choices and it paid off. Then I started using more money, and was stupid enough not to diversify. + +I opened a position on a UK top 100 call which had a fairly large spread on it, making me start out with a badly losing position. With my limited understanding it looked like I bought in at a good position, but boy was I wrong... + +Within days the position started falling, falling, and falling. I kept it up and even bought more positions on the way down thinking it would come around. Wrong again. + +Eventually it dropped to less then 1/4th and my positions were all closed. I lost all of it. As a uni student my goal was of course to make some money by using money I had saved up, and the prospect of losing it was pretty maddening. Couldn't even think straight for a couple days. + +I wanna stress that my goal isn't to write a sob story, but I'm genuinely curious if anyone here has been in a position like this, or how you guys handle big losses mentally. I can't imagine there being many other situations where you can lose everything so quickly, just from home and being notified by an app notification. Seems surreal. + +Funny enough it actually felt petty good writing this all down. One way of coping with it I guess. Please do share if you've had anything similar happen, or just anything else to say :) + +Ps: sorry for the wall of text. + +EDIT: Didn't expect to get this many replies. Thanks for all the stories and advice. I'll take them to heart as best I can. + Seriously, Nancy Pelosi averages 10x returns per year in the stock market but Congress is too busy with shitting on Crypto. Hypocrisy at its finest. Oh, I forgot, maybe most congress members are making inside tradings. Maybe thats why they don't give a f\*ck about its members insider trading suspects and they are dealing with crypto instead. + +>AOC pushes back on Pelosi: 'No reason members of Congress should hold and trade individual stock' + +Another headline; + +>Pelosi said it's fine for lawmakers to trade stocks. She's wrong. + +The System is fucked up. +I can seemingly view ether prices for any point in the past, but not for anything in the future. If someone could build a price chart (or reconfigure an existing one) to show the future ether price, I think I could make a much more informed decision on when to buy. +As a culture, we are predisposed to telling the story of our success. This sub has a lot of amazing stories of people overcoming incredible challenges and achieving their financial and career goals and it is incredibly inspiring. However, I think we can often learn more from failure than we can about success. The problem is that a lot of people don't like to talk about failure, which is a shame because I think it is a deep well of knowledge and wisdom that could benefit others if it was shared. + +I have had my own share of failures. My business partner and I spent a year trying to launch a software product that never got off the ground because it was in an industry that was very complex with entrenched players. But that failure taught us to solve a problem that we understood and that led to the launch a SAAS company that went on to be very successful. Some years after that launch we spent a million dollars on a new product that never got traction and ultimately failed. That taught us a harsh lesson about product/market fit. + +These failures taught me that the path to fatFIRE requires taking risks, and that success requires persistence. + +So what about you? What are your failures, and what did you learn? How does it fit into your fatFIRE story? +For context: https://twitter.com/joelycett/status/1594302742847426562 + +So the response of many of the commentors is that he has destroyed £10,000 that he could have given to charity. It seems like this makes sense, £10,000 is quite valuable so, by destroying it, he has removed value from the world. Similar to if I burned a £10,000 BMW car, it would only remove something valuable from the world. The commentors are quite angry because destroying something that valuable seems wasteful. This initially made sense to me. + +But I was wondering if that's actually true, since he shredded money and not something like a BMW. + +Ignoring money held outside of the UK, if everyone in the UK agreed to shred half of their pounds at once, it's not like we would have shredded half of our assets. If you believe Joe Lycett destroyed £10,000 of value, then in this scenario you would think that half of the UK's wealth would be evaporated. However, it seems like that analysis is flawed, because we would still have the same amount of goods/services we did before the big shredding event. I don't know exactly how it would pan out, but it seems to me that the value of the pound would just double? + +Similarly, when Joe Lycett shredded the £10,000, is that not the same thing as if he divided the money equally to everyone in UK and gave it out. Did we all (except Joe Lycett) get slightly richer when he shredded that money? +https://www.bloomberg.com/news/articles/2021-08-17/cathie-wood-says-burry-doesn-t-get-fundamentals-of-innovation-ksg2m0aa + +> Cathie Wood has responded to Monday’s news that famed investor Michael Burry has placed bets against her firm’s flagship fund. +> +> In a Twitter thread on Tuesday, Wood laid out the thinking behind Ark Investment Management’s approach and called out Burry directly. +> +> He made a “great call” in the mortgage market, she said, but she doesn’t believe he understands the fundamentals that are creating “explosive growth and investment opportunities” in the innovation space. + +I read the whole article, and I didn't find it convincing tbh. + +So i MARCHED right into Cathie Wood's office and Declared that I am going SELLING all my ARKK ETFS and she Pulled my Pants DOWN and gave me a BARE-BOTTEMED SPANKING!! !!! +I've been using bitcoin since the days when it was £7/btc but never had the guts to invest. A lot of my friends have though in the past month and it seems they're making decent money so I think I'm ready to take the plunge. Which currencies would you recommend to someone looking to invest about £500? (these aren't my savings and can survive losing it all, so a medium or maybe even high level of risk is acceptable) + +So far I'm considering getting some ETC, ETH, Ripple, and Golem, but to be honest I've only just started researching these recently. As much as I'm fond of BTC since it brings me back I feel like the price is too high right now, although that is what I've always though and the reason I never invested so I might be wrong. +I’m wanting to hear some success stories. I’ve made some paper via selling insurance papers on stocks/money I’ve owned. Wonder if anyone has become a millionaire doing theta wheel strategy? +I am a 19 year old kid with a 9-5 job and I'm interested in learning about trading but don't know where to start. I have zero knowledge about trading but know some basics about cryptocurrency. Some advice on how to start learning and what books to read or anything would be very helpful! +I use a simple optimization metric, comparing 100 stocks in NASDAQ 100. Algo sorts the stocks and then chooses best performing stock (according to this metric). No AI or other overfitting prone methods. It uses walkforward optimization to select relevant time scale to measure performance. + +https://preview.redd.it/5umk82eh8af51.png?width=1306&format=png&auto=webp&s=53f436095e34c184df6715c7ad1c6f913781cfd7 +I know people are leaving AT&T in anticipation for the reduction in their dividend. + +But why wouldn't people stay until they get free shares in Discovery once that occurs? It seems like free shares. + +I only have 50 shares of AT&T right now, but I'm planning on doubling my position before the split to get those free Discovery shares. + +Am I not seeing something here? +I’m 30 now with debt (personal loans). I finish paying off 1 out of 2 loans in February. That would free up $700 per month of my budget. However, I do want to finish up a course and get certified that will definitely move me up in my career, guaranteeing a higher salary. And by 31, I’ll be able to start saving that $700 a month for my emergency fund. And then by 32, I’ll hopefully have a higher paying job with my certificate and have paid off the other final loan. And THEN I can finally start investing. And I could probably invest $1,500 per month by then. + +Does this sound too ambitious? I feel like I’m so late to the game, and I can’t even enter it right now. Feeling discouraged… + +Edit: I don’t live in America. +I was in a car accident a few days before my 18th birthday, ended up totaling my old Jeep Cherokee and was in need of a new vehicle. My dad is in prison and my mom makes minimum wage, so financial assistance from either of them has never been an option. + +I had $1000 from highschool graduation burning a hole in my pocket, and I needed a good commuter car to drive ~100 miles round-trip for work everyday. I decided on a 2015 Subaru Legacy; private seller and had to finance on a 4 year loan with high interest. + +For the past 17 months I have thrown every spare penny at my loan, trying to tackle it as fast as I could. I am in happy tears today as I put the last payment down on it and it's officially all mine! + +Edit: Thank you to everyone for the awards and kind words! I really appreciate ya'll sharing this milestone with me. Here are a couple methods I used to tackle my loan: + +•Plasma donation - my local plasma center was running a promotion for $700 in 8 donations; all this money went towards my car loan, and I kept on giving for an average of $90 a week (which also went toward my loan) +•Twice a month payments - When I was able, I would make two payments for the full amount of my monthly note. This helped speed up the payoff tremendously. +•Cash - I dont normally carry cash, so when I received cash/checks for holidays/birthdays, I went to the bank and deposited directly into my loan account. I wouldn't allow myself to put it in checking because I knew it would benefit me more towards my loan. +https://reut.rs/2VyzIXX + +It's classic personal finance advice to say buy a reliable used car over a new one if you want to make a wise investment. New cars plummet in value as soon as you pull off the lot. + +Is it still holding true? I've been saving to buy a used car in cash, but I've definitely noticed that prices are much higher than in the past. If you factor in the risks of paying serious costs if your used car breaks down, at what point is buying new the smart investment? +I know this depends on the country/tax state but I would like to do my homework before going on the hunt for a good CPA. + +Basically, I've been paying myself via Salary all this time and my income tax is through the roof. + +I own 85% of my company and the only one on the board. So I can pretty much do anything. What is the pros and cons of it all? I live in Canada for the record but interested in how it's done in any state. + +Some options I know are : + +* Pay myself as income (lots of taxes but least complicated) +* Funnel to Holdings company (less taxes but what other advantages?) +* Pay as dividends (basically the same as income) + +Thanks for your FatFIRE help! + +Disclaimer : I understand that the typical reply would be "Ask your CPA" but in practice I find that a lot of the outcome depends on whether I'm able to find a good CPA at all (and the time it takes). So prior to that I would like some idea. Basically this is me doing homework before the actual meeting. +It seems like every property is underquoted. Every weekend, properties sell for, and even have reserves, higher than the quoted price, which is illegal. It wastes buyers time thinking they have a chance and it also doesn’t benefit the seller either because the additional interest from people with lower budgets won’t result in a sales price higher than what the highest bidder was prepared to pay. The only party that benefits from underquoting and higher foot traffic is the agent themselves who gets to put more names and phone numbers into their databases. + +Consumer Affairs can only take action if you report it. If an agent is found to have underquoted they lose their commission and pay a fine of around $30k (consequences vary state). If we make it financially painful for agents to systemically underquote they will have to stop. Agents try to use excuses like saying they can’t predict what the market will do and that the reserve was only set on the day of auction. Don’t accept these excuses since it is literally their job to know the market. Either they are knowingly underquoting or they are that bad at “knowing the market” that they cannot do the one thing their job requires them to do. Whether they are dishonest or incompetent, they shouldn’t have a real estate license. The key is to get the agent on record breaking underquoting laws and then report them to the Consumer Affairs body with as much detailed information as possible to assist their prosecution. + +Here is a step-by-step list of what do to make it as painful as possible for an agent that tries to underquote: + +1) As soon as a property appears on the market that you want to buy and believe is underquoted, ask the agent if they think the quoted price is reasonable, ask what the reserve is and ask what price they think the property will sell for. Keep a written log of their answers and the date the conversation took place. Don’t be discouraged if they give vague non-answers, which is likely. Any detail you can glean will be useful. + +2) Ask for a copy of the contract so you can make an offer. Do this even when the property is going to auction. Making pre-auction offers is perfectly valid, and even necessary to combat underquoting. + +3) Make a written offer for 10% above the quoted price plus one dollar, or if they gave a range offer one dollar above the top of the range. Include in the written offer a message like “Per our conversation on 3rd April you believed the range of $1,500,000 to $1,650,000 was fair value. Attached is my offer of $1,6500,001, which being **above** the top end of the range I’m sure will be attractive. Please pass this written offer onto the vendor.” The key here is to force the agent to pass the offer to the vendor and then the vendor has to either accept it or reject it. They cannot just ignore it. + +4) If they have provided you a written contract then when making the offer in the previous step sign the contract and include a personal cheque with 10% deposit. Don't' use a bank cheque. Personal cheques are free and can be completed on the spot for the correct amount, whereas bank cheques involve a fee, require knowing in advance what the amount is and who the payee is. If they tell you that the contract isn’t available yet then make the offer anyway over email, saying “In the absence of a contract being available I would like to make a good faith written offer.” The agent cannot use the absence of a having received a blank contract from the vendor as an excuse to not accept a good faith buyer's offer for consideration. + +5) If the vendor accepts the offer then congratulations, you just picked up a property for only 10% above the quoted price, which is virtually impossible in a market where agents are systemically underquoting. + +6) If the vendor rejects the offer ask them what price it will take to get the offer over the line, but expect the agent to give a vague non-answer. Ask the vendor to increase the quoted price or range to reflect the rejected offer. Make it clear that the increased advertised prices needs to be **above** the “plus one dollar” in the offer. This puts the agent in an awkward position of having to increase the range to a round number above the “plus one dollar”. In the example above they couldn’t simply increase the bottom of the range to $1,650,000 since that would still be below the rejected offer so they would probably then increase the range to “$1,660,000”. + +7) If the agent hasn’t increased the advertised price or range within three business days, follow them up asking why they are still advertising a price below a rejected offer, which is in violation of underquoting laws. Do not let the agent drag their feet on updating the range, which they love to do. + +8) When the agent does increase the range, follow steps 3 to 7 again, forcing them to again reject an offer one dollar above the quoted range. If they had just given a realistic range to begin with they wouldn’t have to waste everyone’s time playing these games. Keep doing this right up until auction day. + +9) Save a copy of the advertised price from online before the auction commences since once its sold that information will be removed from online. + +10) When auction day rolls around ask the agent what the reserve is. They might not tell you directly but if during the bidding process the auctioneer says something like “the property is now on the market” it means the reserve has finally been met so take note of that value. + +11) Lodge a complaint with your state’s Consumer Affairs department. The key pieces of information are the advertised value or lower end of the quoted range when the property was first listed, what this advertised value increased to by the day of auction, what it’s reserve was on auction day and what it ultimately sold for. In the complaint you want to demonstrate that the advertised range was always unrealistically low since it was below reserve and below the final sale price. Make note in the complaint about any deliberate attempts by the agent to ignore your offer, to drag their feet updating the range or anything else they did to deliberately underquote. Include in the complaint a timeline of what the agent did and what conversations took place, that support the fact that they were under quoting the whole time. + +Here is where you can report underquoting: + +VIC: [https://www.consumer.vic.gov.au/](https://www.consumer.vic.gov.au/) + +NSW: [ https://www.fairtrading.nsw.gov.au](http://www.fairtrading.nsw.gov.au/) + +WA: https://www.commerce.wa.gov.au/consumer-protection + +QLD: [https://www.fairtrading.qld.gov.au/](https://www.fairtrading.qld.gov.au/) + +SA: [https://www.cbs.sa.gov.au/](https://www.cbs.sa.gov.au/) + +TAS: [https://www.cbos.tas.gov.au](https://www.cbos.tas.gov.au/) + +NT: http://www.consumeraffairs.nt.gov.au/ + +ACT: https://www.accesscanberra.act.gov.au/app/answers/detail/a\_id/2270/\~/fair-trading-for-consumers + +[ ](https://www.fairtrading.nsw.gov.au/__data/assets/pdf_file/0004/367969/Protect_yourself_from_underquoting.pdf) +Customers in California, Massachusetts, Missouri, Montana and New Hampshire will be able to trade bitcoin and ethereum through the app beginning in February, Robinhood announced Thursday. In the meantime, all customers can now track prices and receive alerts for 16 cryptocurrencies on the app. + +https://www.cnbc.com/2018/01/25/stock-trading-app-robinhood-to-roll-out-bitcoin-ethereum-trading.html +Being that PLTR has gone full blown meme stock, I thought this flair would apply nicely. + +I bought my first 100 PLTR shares at 21.40 and sold a CC on it for $2.20 premium $26 strike 12/24. It completely blew past that lol. Max profit = $680. Nothing to shake my head at. + +Just bought my second 100 shares at 26.50 and sold a $31 strike 12/24 expiry for $3.10 premium. Max profit = $760. + +I can already hear the chads telling me if I just bought and held shares or options I’d be to the moon at this point. Thankfully I’m content with my anxiety mitigating CC strategy. + +Anyone else playing PLTR? Thoughts? +So I like many of you have found my self looking less and less at the charts and trying to occupy myself with other things like work and sleep, both of those things get old pretty fast so I asked myself "What If I made my own Shit Coin??" + +The process is fairly easy and will cost you surprisingly little, the entire process cost me only 15 ALGOs and I could still withdraw most of that out of the wallet I created for this project. I decided to use Algorand for this due to it's ease of use and low fees. + +# Step one: The Wallet + +Create a Pera Wallet and transfer around 15 ALGO into it. (around $5.00 USD) + +Pera wallet is available on Android and IOS, you can also use any other ALGO wallet you prefer. + +# Step Two: Creating the Algorand Standard Asset + +Head on over to [algodesk.io](https://algodesk.io) and connect said wallet. + +click on the top right button labeled **create asset,** you will get the following box pop up. fill in the required information and confirm the transaction on you wallet. (this fee I believe is around 1 ALGO) + +^(For this example I decided to create the shittiest shit coin I could think of so its called ButtCoinASA in honor of) r/Buttcoin + +&#x200B; + +https://preview.redd.it/08a2w3mpgw191.png?width=955&format=png&auto=webp&s=9ca17782da4c0bc41ef1e7f3f51a8b7c7f5d3283 + +# Congratulations, you are now the proud owner of your very own ALGO ASA + +# Step Three: Providing Liquidity + +So now you have this new asset in your wallet but its not really known to the world, what to do? + +Visit Algorands best DEX called [tinyman.org](https://tinyman.org) then follow the steps below. + +* connect wallet +* click on the tab labeled **pool** +* click create pair +* select Algo and (your new ASA), you'll have to search for it and click on the box labeled ^("hide unverified assets") +* &#x200B; + +https://preview.redd.it/p8seesx5jw191.png?width=785&format=png&auto=webp&s=dc79bdbee1136fccac25bae73ab6a4836c73b5ec + +* now add as much ALGO and your ASA as you want (this will give it your initial value, if you add 1 ALGO and one ButtCoin then 1 ALGO = 1 Butt) +* Congrats, your ShitCoin now has some value +* wait about thirty minutes and then head on over to [tinychart.org](https://tinychart.org) +* &#x200B; + +https://preview.redd.it/gtfprjtvjw191.png?width=1659&format=png&auto=webp&s=bb7c84a5705bb8362f47036c486d855fe3109d08 + +* and look, your ShitCoin is now listed and shows a value. + +# Step Four: Be A Millionaire + +that's it + +Your done. + +You are now a Millionaire \*^(on paper) + +So I created ButtCoinASA and I hold all one billion of them so if you multiply 1,000,000,000 x $0.0019 + 1.9 million dollars!!!!! + +sure I cant cash it out because it only has $3.00 worth of liquidity but it does look like green on that chart to me so I'll take it. + +&#x200B; + +So there you have it boys and girls, you are now the owner of your very own bonafied Shit Coin. + +What can you do with it? well what ever you'd like to + +* share it with friends +* give it to strangers +* start some sort of reward system for your kids +* if your competent maybe even turn it into an actual project with some real uses and make some money +* the sky is the limit + +&#x200B; + +# Edit: This is a shitcoin and I'm giving it away by the thousands, please do not provide liquidity I don't want to be responsible for people losing their money. +Hi Guys, I have previously rented my condo to an unmarried couple and they have been wonderful tenants. + +Since they are moving out, I found another unmarried couple who would like to rent the condo. From showing it seems they both will be living together. She has submitted her application, when I asked if they both are going to be on the lease, she mentioned its only going to be her on the lease. + +I havent gone through her application yet but Zillow has already sent me the report. Her income is more than 3 times the rent, I will ask for paystubs to confirm. Will check debt to income ratio as well. + +I am not sure what is the best way to proceed in this situation, if they both are going to be living together then shouldn't both of them be on the lease? + +Any suggestions, past experiences would be really helpful. +Thanks!! +Sounds like a weird question but hear me out. + + I currently save about 50% of my take home pay, after pensions + share options etc. No dependents, own my own home, however I should be starting a family in the next few years. But with my career I know that I’ll be ok in later life and retirement, and I’m very grateful of that. + +I’ve worked in finance and saving and investing has become bit of a passion / borderline addiction, to the extent that I’m starting to think that I’m a bit of a Scrooge /could be enjoying my youth a lot more, travelling and seeing friends! + +A friend said to me the other day “If you know your gonna be ok in the future, why do you love sitting on your pot of gold so much ? Live a little!” + +From my early 20s I’ve have this figure in my head of how much I want to get to (income/savings), which I’ve pretty much just plucked out of thin air, and Ive ended up putting quite a lot of pressure on myself to achieve it. But...I rarely stop to ask myself why? + +Have any of you ever questioned this, and if so how have you made changes ? +I fucked around my whole 20s. Travelled, did a couple degrees, did drugs. I’ve finally started a career (physiotherapy) but have like $1000. I used to never care at all about money but now that I’m older I’m starting to want more and have financial independence. Is there still time? + +Edit* thanks for the replies everyone. Reddit is actually great, there is some really good advice in the comments and it’s made me feel better about my future prospects. You are all motivating me to set goals, work hard and make it happen! Thank you :) +Rough napkin math, but all things being equal which they arent.... (especially pricing...which AMD has less price, and AMD still has less operating margin than INTC) then AMD is overpriced by 2.6x based on market share alone. + +It should be a 50B company not a 129B company. + +There's no way around it that I see.... + +AMD isn't getting paid to have the coolest chip, or even the best chip....it's getting paid to have market share at a specific profit margin. + +If AMD traded places with all of INTC market share, again assuming their margins are the same, within 5 years... + +Then AMD can only deliver 6% CAGR-5yr at this price? + +Am I missing something? It's a shame to have missed the epic recovery boat from Penny stock to contender for the throne, but now that ships seems to have sailed. + +I'm tempted to buy AMD before the earnings, but based on this high valuation, I think this will be the first AMD earnings in a while that punishes AMD for its overvaluation. + +The new market ecosystem no longer rewards overvalued hopium. + +Therefore I'll probably sit out AMD earnings and watch what happens. + +But I wouldn't be surprised to see AMD reach the 90s. +Hello, + +As we can read daily metals are soaring in China, US… the big guns. There are steel shortages in Western Europe also. + +I live in middle-EU currently since I moved back and finished my Vienna degree from here due to COVID, waiting to go back. + +In Hungary, we are corrupt, but our debt os 66-70% to gdp, not terrible, government did not pay covid relief, just some to their friends. + +Our central bank has started raising rates from 0.6% this month (we can we have no debt like the US which can only go brrr). + +People here, due to socialism until 1989 know nothing about economics, or even English. + +Professionals, builders, pipe repair folks literally anyone who needs anything for houses, building or fixing is crying! “A meter long copper bar is 4k huf!”, its like 13euros, 15 bucks, which is very high for local copper bars. Everything in local Home Depot stores are crazy, according to people who go there regularly (got family friends giving the info). + +I can say, USD inflation and supply bottleneck caused prices will not stop at the boarders, at the currency. It is everywhere. +Current status: + +Up 66.24% for a paper profit of $140,134 + +Current share price $3.31 + +Change over the last month $3,188 + +Current mood: [I’m once again asking you for $30m](https://imgur.com/XnMjfOW) + +After 8 months of sideways trading I’m convinced I may have accidentally joined a cult. So much hype that we’re the chosen few investors who know that Zantrene™ is going to change the cancer world and on r̶a̶p̶t̶u̶r̶e̶ buyout day we’ll all be s̶a̶v̶e̶d̶ rich. + +I kid, of course, as I’m still firmly bullish on RAC, but christ almighty is it frustrating seeing good news drop and the share price do sweet fuck all in response when other stocks go up 30% every time they release an update that one of the directors sneezed. + +Initially purchased 85,000 RAC on 15/01/21 and topped up thereafter for a total of $219k invested at an average buy price of $1.99. Holding until at least $20/share which will net a paper profit of $2m in tendies. + +**Please note it's a speculative bio-tech stock and may yet prove utterly useless, but here’s why I’m bullish** + +As a company RAC are executing a three pillar strategy over the next 24-36 months with a steady stream of trial results coming through over that time. They've made it blatantly clear the aim is to get picked up by big pharma at the end of their phase 2 trials and that they're looking for maximum shareholder value™ in the process, as the board are significant shareholders. + +RAC own the patent for a drug called Zantrene (formerly Bisantrene), which is a a [potent FTO (fat mass and obesity) inhibitor](https://www.cancer.gov/news-events/cancer-currents-blog/2020/leukemia-fto-inhibitor-bisantrene-brequinar). Preliminary preclinical, phase 1 and phase 2 trials have shown FTO inhibition to be the key to slowing the growth or killing cancer in up to 15% of patients across 27 different types of cancers. + +Only a handful of drugs are known to inhibit FTO, and RAC is both one of the [most potent and by miles the most advanced](https://imgur.com/a/YqJiuML) of any drug being explored in the space. [This](https://www.dailymail.co.uk/news/article-10063805/Hope-melanoma-kidney-cancer-patients-new-drug-trials-just-months-away.html) article in the world’s worst newspaper provides a pretty good overview of what Zantrene is capable of. + +RAC advised during their AGM presentation that the FTO market alone is worth US$120b a year, which is exciting news if you’re at the pointy end of the effectiveness and by far the closest to getting approved for production. + +RAC also dropped their heart safety pre-clinical data in November and the results are [good news](https://imgur.com/a/wtCA3eS) for cancer suffers. Typically when you receive treatment with anthracyclines (anti-cancer drugs) it fucks up your heart, more than half of patients end up with heart disease within 6 years of finishing treatment. When used in conjunction with Zantrene pre-clinical results have shown there’s no heart damage, and existing heart damage can even be reversed. RAC have stated this is a “multi-billion dollar addressable market" How sweet is that. + +There’s a few more strings in the bow, but the other bit that I’m excited about is the possible enhancements of Zantrene to make it more patient friendly and effective when used in conjunction with other anti-cancer drugs such as anti-PD1 inhibitors. Currently most cancer patients have to suffer a shitty two hour IV process when receiving treatment, which makes it difficult and more costly to administer. RAC are working on an oral formulation which would make this process simpler for cancer patients. + +Now the dense stuff, which shows how I do my DD for a stock and stay across everything that happens, even when all in. + +[RAC’s 11/21 AGM presentation](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02456039-2A1340653?access_token=83ff96335c2d45a094df02a206a39ff4) + +[Dr Tendies 11/21 chat with ASX Investor](https://www.youtube.com/watch?v=6TDP3SOkJzQ) + +[A slightly outdated rundown of RAC by an investment company](https://mfam.com.au/research/race-oncology-asx-rac/) + +[Nerds rejoice, a rundown on the science behind FTO](https://hotcopper.com.au/attachments/bisantrene-synthesis-fto-1-pdf.2950305/?filename=Bisantrene+Synthesis+-+FTO+1.pdf) + +For those of you who can’t read good, and want learn to do other stuff good too [here’s](https://www.youtube.com/watch?v=HKyfK5MDp_0) a video breakdown on FTO. + +**Or if you’d like some counterpoints** there’s some robust discussion [here](https://www.reddit.com/r/ASX_Bets/comments/r13fw4/rac_is_it_a_scam_dream/) and [here](https://www.reddit.com/r/ASX_Bets/comments/orxifu/race_oncology_asx_rac_politically_incorrect/), a dumpster fire of a Reddit thread which presents some counterarguments from oncology doctors it can be found [here](https://www.reddit.com/r/ASX/comments/lslrpf/rac_on_the_asx_why_is_this_flying_under_the_radar/) and another one here [here](https://www.reddit.com/r/ausstocks/comments/nhk9gh/race_oncology_excellent_video_to_break_down_the/). I’ve also noted what I identify to be the main risks [here](https://www.reddit.com/r/ASX_Bets/comments/pffbml/update_yolo_bet_219k_on_rac_199_106250_shares/hb4ky2h/). + +Please understand that this is a small cap biotech stock, meaning its share price is highly volatile, there’s no guarantees of success, and setbacks can and do occur along the way. I’ve YOLO’d into it because I have a high [risk appetite and risk tolerance](https://www.reddit.com/r/ASX_Bets/comments/n4i7dm/risk_appetite_vs_risk_tolerance/), but very few people share a similar investing strategy. + +Finally for those who want confirmation this stock will be a winner, [this](https://www.youtube.com/watch?v=yNj78UH8KQo&%3Bamp%3Bamp%3Bab_channel=maria) video is proof. + +**Once again it's a speculative bio-tech stock and may yet prove utterly useless**. + +Just imagine how angry your wife’s boyfriend would be if you lost your allowance investing in a bio-tech stock knowing that biotech stocks typically have a binary outcome. + +Also to pre-empt a couple of questions regarding the cap raise for $29m + +Are you buying into the share purchase plan announced at the AGM? + +Yes, I've purchased my full allotment of 10,000 shares for $30,000, expect to see that added to the tally in the next update. + +I thought you were already all in, why would you lie to us like that? + +It’s not my money +From Red's posts about securing your Reddit account, to the newly formed ape army "The Knights of New", to rational tempering of expectations and hype around things we see on TV and read online, I'm amazed. + +It's remarkable because this sub could have become a mindless GME cult, or could have at any time been overtaken by FUD. Yet here we are, with our users and mods walking a fucking tightrope every day to ensure that discussions are productive, DD is validated/debunked, and to make sure you receive the information we deserve. + +It's absolutely amazing that we haven't devolved into a mess of infighting or a hivemind by now. I love all of you, and I mean that. I have never seen such a large group of people behave with such compassion, class, and seriousness while still keeping the place fabulous to visit. + +Cheers. + +Edit: I didn't say enough. The amount of work folks are putting in for interviews, DD, and moderation is truly exceptional. This has clearly become much like the community around a favorite video game where it's more than a hobby but less than a job. Just more things I keep running over in my head. + +Edit edit: One more thing. I have regularly seen threads where when I sort by controversial, *there are no downvoted comments*. That shows how kind we apes are actually being to one another. And I'm done for real lol. +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! + +# 2021 INVESTOR MATERIALS + +&#x200B; + +**2021 INVESTOR MATERIALS will come out today. It should be a huge power hour (or AH) catalyst.** + +&#x200B; + +*edit 1 :* + +annual report just came out!!!!!!!! - [**https://www.proxydocs.com/branding/962080/2021/ar**](https://www.proxydocs.com/branding/962080/2021/ar) + +proxy statement not out yet... + +&#x200B; + +*edit 2 :* + +Proxy statement just came out!!!!!!!! - [**https://www.proxydocs.com/branding/962080/2021/ps**](https://www.proxydocs.com/branding/962080/2021/ps) + +&#x200B; + +https://preview.redd.it/j0g8n4fk8zv61.png?width=930&format=png&auto=webp&s=4d7f834e8b99cec2f1cb1cbbb509059ee6c61300 + +[**https://www.proxydocs.com/branding/962080/edocs/2021/issuer/**](https://www.proxydocs.com/branding/962080/edocs/2021/issuer/) +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? +I recently lost my partner unexpectedly to an undiagnosed disease. He read Ausfinance daily and would share posts/information with me regularly. Since his passing, I find myself here almost every day, trying to learn new things or find answers to finance questions. Apart from trying to adapt to this new crappy life, I’ve had to navigate other things myself - one of which is making finance-related decisions while grieving. So I thought I would share information that I hope you, or your loved one, will find helpful one day. + +For context - my partner and I were both on Australian visas, in our 30s, lived together but never married, no kids or family in Australia so this post may be more relevant for foreign residents living/working in Australia. Money and finances were openly discussed in our relationship, so we both knew about each other’s assets and liabilities. + +**Finance and money matters** +I made a list of financial institutions to notify and started contacting them about a week after he passed away. When doing this, I had to be mentally and emotionally prepared to repeat “I’m calling to let you know that my spouse/partner recently passed away” over and over again. I became very protective of my partner’s estate, so I did all of this myself. However if you do not feel strong enough for this task, get someone you trust to support you. If someone else is involved in this process, make sure that you are always in the loop with everything - especially if you are the sole/primary beneficiary of your partner’s estate. + +Some financial institutions wanted me to physically mail them paperwork and documents. Don’t hesitate to pick up the phone and ask if you can send them via email instead, especially during a COVID lockdown. They may still say no, but from my experience, the institutions I’ve dealt with were quite understanding and compassionate. + +With regards to tax, I engaged a tax accountant to help me file my partner’s tax return. I’m glad I did because I would not have been able to do it myself. If your person passes away after 30 June, remember that you’ll have to file their final tax return in the following year too. + +When my partner was still alive, we both agreed that if we inherited a substantial amount of money, we wouldn’t tell anyone except each other. I made the decision not to tell anyone in our families/social circle about how much my partner’s estate is worth to prevent dodgy relatives/friends from crawling out of their holes haha. When I’m asked about it, I just say “I prefer not to share, but I am very proud of what he has accomplished.” In short, look after yourself first. + +**Compassionate/bereavement leave** +I think it is standard for most employers to offer two to three days of compassionate/bereavement leave. Obviously, I was in no state to return to work so soon after losing my life partner. My work encouraged me to access my sick leave so that I could take more time off. I took over a month off from work and went back to work on part-time basis for the first two weeks, with my sick leave covering the remaining hours that I am supposed to work. If you need more than two to three days to process your loss, consider speaking to your GP and see if they are comfortable writing you a medical certificate on mental health grounds. + +**Funeral planning** +My partner and I didn’t lead a frugal life, but he still used a rubber band for a wallet (haha) so I kept this in mind when planning his funeral. I was upfront with the funeral director about my budget, especially since my partner only wanted a funeral to allow his friends/family to process their grief. I was lucky to find an affordable and helpful funeral service on my first meeting, but don’t hesitate to shop around. When attending meetings, bring a trusted friend/family member who can help you navigate the decision-making process especially if it involves deciding on things that have a massive price difference. For my partner’s funeral, I selected the cheapest of everything except when it came to the funeral location. I chose to pay an additional $200 to hold his funeral at a beautiful location because the chapel that was included within the cost looked like a drive-thru wedding chapel (not that there’s anything wrong with that!). As a foreign resident I didn’t realise pre-paid funerals were a thing, so maybe that’s something some people might want to consider. His funeral ended up costing me around $8,500 which was below my budget of $10,000. + +**Grant of representation** +At the time of my partner’s death, he and I had a combined income of under $200K, couple of grand in investments and we didn't own property. Combine that with being in our 30s, a will was something that we did not think about. Because my partner passed away intestate, I applied for Letters of Administration (LoA) so that I could legally administer his estate. I submitted the application myself and was granted LoA, but it was an emotionally exhausting process. If his family had decided to contest my application, it would have lengthened the process and made me feel worse. Being granted LoA also meant that I did not always have to prove our relationship to financial institutions, which can be another level of emotional exhaustion. Going through this process alone may not be for everyone, so don’t hesitate to seek professional help. + +**Staying organised** +So this one is not really finance-related…but it’s more about keeping on top of all the paperwork while you are not in the best state of mind. + +*Physical paperwork* +I have a designated space in our home to keep the paperwork and stationery. For me, having this space is not just about keeping things organised - it helps put me in the right headspace when I need to manage his estate. I bought sticky notes, sharpies, pens, labels/label makers, document sleeves, expansion files and binders. It doesn’t get easier seeing the word ‘deceased’ next to my partner’s name so I had to take constant breaks while sorting out his paperwork. Don’t feel like you need to rush through it all at once. + +*Note-keeping* +I keep records of all phone calls/tasks for each financial institution so that I know if I have to follow up or need to action something. The records also came in handy when I didn’t hear back from a financial institution for two months because they lost my email. Whenever my partner’s account was finalised and closed with an institution, I marked it as such so that I know I never have to do anything else with it. + +I also have a list on my phone titled ‘Nope’. Things that aren’t urgent go to this list. I tick things off this list whenever I feel like keeping busy, yet want to do something easy. + +**Accept genuine help, but also set boundaries** +The people around me genuinely wanted to help, but they didn’t know how. I often got the “let me know if you need anything” spiel (FYI, this can be really difficult for someone in grief to respond to). Some of the things I asked for were: + +* Send chocolates or fruit basket to my home instead flowers +* Donate to my partner’s preferred charities instead of bringing gifts to the funeral +* Specific foods that I wanted to eat while grieving and low on energy +* When I didn’t know what I wanted, I would say “I don’t know what I want or need now. If you wish to gift something, I’m happy to accept a gift card that I can use another day.” +* A colleague asked if I would like a Gofundme page set up to help me pay rent/bills. I said that I didn't need it, but would happily accept other gifts. She gave me a huge huggable teddy bear, which I thought was quite cute! + +Your grief is yours only, so don’t be afraid to tell people how you wish to be supported. There were also people who weren’t particularly helpful and wanted to trap me in my grief. I drew my boundaries and chose not to speak to them until I want to (if ever, haha). + +**Helpful links about finance and widowhood** +One of my first self-care activities after my partner passed away was to read about the financial impacts of widowhood and what widows can do to ensure their financial well-being in the long-term. Here are some of the articles that I thought was helpful: + +* [Moneysmart - Losing your partner](https://moneysmart.gov.au/losing-your-partner) +* [The Finances of Widowhood checklist](https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/ME-widowhood-after-checklist.pdf). The information is U.S. focused, but it gives you a general idea of how to prepare. +* [Widowhood: The loss couples rarely plan for — and should](https://www.merrilledge.com/article/widowhood-financial-planning-for-unexpected). Same as above. +* [Financial planning in widowhood: What will you do if it happens to you?](https://www.pwlcapital.com/financial-planning-in-widowhood/) An article written by a Canadian, but again, gives you a general idea. + +Sorry for the long post and if some of them weren’t finance-related, but I hope this will be of help to you or your loved one in the future. If you have been down this road before and have other advice/tips (including advice relevant to Australian citizens), I’d love to read them. Thank you. +I recently lost my partner unexpectedly to an undiagnosed disease. He read Ausfinance daily and would share posts/information with me regularly. Since his passing, I find myself here almost every day, trying to learn new things or find answers to finance questions. Apart from trying to adapt to this new crappy life, I’ve had to navigate other things myself - one of which is making finance-related decisions while grieving. So I thought I would share information that I hope you, or your loved one, will find helpful one day. + +For context - my partner and I were both on Australian visas, in our 30s, lived together but never married, no kids or family in Australia so this post may be more relevant for foreign residents living/working in Australia. Money and finances were openly discussed in our relationship, so we both knew about each other’s assets and liabilities. + +**Finance and money matters** +I made a list of financial institutions to notify and started contacting them about a week after he passed away. When doing this, I had to be mentally and emotionally prepared to repeat “I’m calling to let you know that my spouse/partner recently passed away” over and over again. I became very protective of my partner’s estate, so I did all of this myself. However if you do not feel strong enough for this task, get someone you trust to support you. If someone else is involved in this process, make sure that you are always in the loop with everything - especially if you are the sole/primary beneficiary of your partner’s estate. + +Some financial institutions wanted me to physically mail them paperwork and documents. Don’t hesitate to pick up the phone and ask if you can send them via email instead, especially during a COVID lockdown. They may still say no, but from my experience, the institutions I’ve dealt with were quite understanding and compassionate. + +With regards to tax, I engaged a tax accountant to help me file my partner’s tax return. I’m glad I did because I would not have been able to do it myself. If your person passes away after 30 June, remember that you’ll have to file their final tax return in the following year too. + +When my partner was still alive, we both agreed that if we inherited a substantial amount of money, we wouldn’t tell anyone except each other. I made the decision not to tell anyone in our families/social circle about how much my partner’s estate is worth to prevent dodgy relatives/friends from crawling out of their holes haha. When I’m asked about it, I just say “I prefer not to share, but I am very proud of what he has accomplished.” In short, look after yourself first. + +**Compassionate/bereavement leave** +I think it is standard for most employers to offer two to three days of compassionate/bereavement leave. Obviously, I was in no state to return to work so soon after losing my life partner. My work encouraged me to access my sick leave so that I could take more time off. I took over a month off from work and went back to work on part-time basis for the first two weeks, with my sick leave covering the remaining hours that I am supposed to work. If you need more than two to three days to process your loss, consider speaking to your GP and see if they are comfortable writing you a medical certificate on mental health grounds. + +**Funeral planning** +My partner and I didn’t lead a frugal life, but he still used a rubber band for a wallet (haha) so I kept this in mind when planning his funeral. I was upfront with the funeral director about my budget, especially since my partner only wanted a funeral to allow his friends/family to process their grief. I was lucky to find an affordable and helpful funeral service on my first meeting, but don’t hesitate to shop around. When attending meetings, bring a trusted friend/family member who can help you navigate the decision-making process especially if it involves deciding on things that have a massive price difference. For my partner’s funeral, I selected the cheapest of everything except when it came to the funeral location. I chose to pay an additional $200 to hold his funeral at a beautiful location because the chapel that was included within the cost looked like a drive-thru wedding chapel (not that there’s anything wrong with that!). As a foreign resident I didn’t realise pre-paid funerals were a thing, so maybe that’s something some people might want to consider. His funeral ended up costing me around $8,500 which was below my budget of $10,000. + +**Grant of representation** +At the time of my partner’s death, he and I had a combined income of under $200K, couple of grand in investments and we didn't own property. Combine that with being in our 30s, a will was something that we did not think about. Because my partner passed away intestate, I applied for Letters of Administration (LoA) so that I could legally administer his estate. I submitted the application myself and was granted LoA, but it was an emotionally exhausting process. If his family had decided to contest my application, it would have lengthened the process and made me feel worse. Being granted LoA also meant that I did not always have to prove our relationship to financial institutions, which can be another level of emotional exhaustion. Going through this process alone may not be for everyone, so don’t hesitate to seek professional help. + +**Staying organised** +So this one is not really finance-related…but it’s more about keeping on top of all the paperwork while you are not in the best state of mind. + +*Physical paperwork* +I have a designated space in our home to keep the paperwork and stationery. For me, having this space is not just about keeping things organised - it helps put me in the right headspace when I need to manage his estate. I bought sticky notes, sharpies, pens, labels/label makers, document sleeves, expansion files and binders. It doesn’t get easier seeing the word ‘deceased’ next to my partner’s name so I had to take constant breaks while sorting out his paperwork. Don’t feel like you need to rush through it all at once. + +*Note-keeping* +I keep records of all phone calls/tasks for each financial institution so that I know if I have to follow up or need to action something. The records also came in handy when I didn’t hear back from a financial institution for two months because they lost my email. Whenever my partner’s account was finalised and closed with an institution, I marked it as such so that I know I never have to do anything else with it. + +I also have a list on my phone titled ‘Nope’. Things that aren’t urgent go to this list. I tick things off this list whenever I feel like keeping busy, yet want to do something easy. + +**Accept genuine help, but also set boundaries** +The people around me genuinely wanted to help, but they didn’t know how. I often got the “let me know if you need anything” spiel (FYI, this can be really difficult for someone in grief to respond to). Some of the things I asked for were: + +* Send chocolates or fruit basket to my home instead flowers +* Donate to my partner’s preferred charities instead of bringing gifts to the funeral +* Specific foods that I wanted to eat while grieving and low on energy +* When I didn’t know what I wanted, I would say “I don’t know what I want or need now. If you wish to gift something, I’m happy to accept a gift card that I can use another day.” +* A colleague asked if I would like a Gofundme page set up to help me pay rent/bills. I said that I didn't need it, but would happily accept other gifts. She gave me a huge huggable teddy bear, which I thought was quite cute! + +Your grief is yours only, so don’t be afraid to tell people how you wish to be supported. There were also people who weren’t particularly helpful and wanted to trap me in my grief. I drew my boundaries and chose not to speak to them until I want to (if ever, haha). + +**Helpful links about finance and widowhood** +One of my first self-care activities after my partner passed away was to read about the financial impacts of widowhood and what widows can do to ensure their financial well-being in the long-term. Here are some of the articles that I thought was helpful: + +* [Moneysmart - Losing your partner](https://moneysmart.gov.au/losing-your-partner) +* [The Finances of Widowhood checklist](https://olui2.fs.ml.com/Publish/Content/application/pdf/GWMOL/ME-widowhood-after-checklist.pdf). The information is U.S. focused, but it gives you a general idea of how to prepare. +* [Widowhood: The loss couples rarely plan for — and should](https://www.merrilledge.com/article/widowhood-financial-planning-for-unexpected). Same as above. +* [Financial planning in widowhood: What will you do if it happens to you?](https://www.pwlcapital.com/financial-planning-in-widowhood/) An article written by a Canadian, but again, gives you a general idea. + +Sorry for the long post and if some of them weren’t finance-related, but I hope this will be of help to you or your loved one in the future. If you have been down this road before and have other advice/tips (including advice relevant to Australian citizens), I’d love to read them. Thank you. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Morning you lovely people, + +Long time follower but first time posting so aware this post is a little unorthodox for the group and apologies in advance. + +I’ve volunteered at a food bank for a number of years now and with the dual Christmas approaching/ end of furlough scheme we’re already noticing a huge increase in clients. + +I know a good number of people in this sub are more financially savvy than the average Joe so any support to your local food bank would be greatly appreciated over the coming months. This doesn’t need to be food donations or money, often a few hours of help with deliveries are more sought after. + +Apologies again for the plug, if anybody needs any help contacting their local food bank or further ideas please let me know! +METAVERSE!! - First time I have seen this term used in one of their GameStop's job postings - LFG!! And posted on a Sunday no less + +Posted today, Nov 28th: Program Manager, New Business Opportunities, + +[https://gamestop-careers.jobs.net/en-US/job/program-manager-new-business-opportunities/J3P88379K5CBP5GJ98Q](https://gamestop-careers.jobs.net/en-US/job/program-manager-new-business-opportunities/J3P88379K5CBP5GJ98Q) + +(From the posting) "Must Be... + +* Interested in building the **future of gaming** +* Well versed or interested in learning more about **fringe technologies - NFTs, Metaverse**, etc. +* **Not afraid to fail"** + +*Additional posting text to meet minimum character requirements:* + + "The Program Manager for New Business Opportunities will… + +* Ideate new customer-centric business opportunities that have the potential to generate new revenue streams for GameStop's business. +* Develop, design and deploy the work required to execute and experiment with your projects in real-world environments. +* Optimize your experiments as you work cross-functionally with our Business Analyst, Project Finance Analyst and Test Experimentation analyst to continue learning about your ideas. +* Lead and manage your projects, ensuring projects complete on-time, under budget and up to customer expectations. +* Develop comprehensive implementation plans, including sequencing of tasks, staff planning and working effectively with Store Operations, Visual Merchandising, IT, Merchandising and others. +* Contribute to the profitability of projects by thinking critically about re-use and pivot points for each project you embark on." +For those who are trying to piece things together, and get a broad overview of the whole GME situation, I have put this post together to highlight important events that have taken place recently, as well as to point out some things to potentially look forward to. Others have done the real DD, and this is simply an attempt to organize the important points. + +**I am not a financial advisor, none of this is financial advice, and I encourage you to do your own research on all of these topics / any trade that you decide to make.** I am simply presenting information that I have found elsewhere. + +Throughout the post you will see me say multiple times, "People are saying..." or "We have seen...". When I say this, I am not talking about what people on the street are saying, I am talking about good solid DD that you can read about each of these topics. (Sorry for not linking to other relevant DD, but you'll find them if you are interested in digging deeper) + +**Here are the important things to know / look into further.** + +# GameStop company value increasing + +* 175% Increase in online sales in quarter 4, compared to previous year. These online sales accounted for 34% of their net sales, as compared to 12% in the previous year, meaning that the online sales "pie slice", almost tripled +* 11% Increase in sales for January, as compared to previous year +* Ryan Cohen announced as new chairman of GameStop (He will become the chairman after the company's annual shareholder meeting, which is scheduled for June 9). Ryan Cohen not only knows how to make an online business thrive / explode, but he is young and knows what gamers like, which means that he will soon transform GameStop into, "The Amazon of Gaming" +* New board members from HUGE companies (Google, Amazon, Chewy, and more) +* GameStop now sells computers / computer parts, game chairs, TVs and other electronics, and more +* GameStop payed off $216.4 million in debt. In addition to this showing a solid financial situation for the company, this gives GameStop the ability to give dividends, and commence a share recall or audit. Dividends, a share recall, or a share audit, may have the potential to put pressure on hedge funds, and cause them to buy back their shares +* GameStop gained $551 million by selling shares, to speed up their e-commerce transformation +* GameStop expanded their fulfillment network by leasing a new 700,000 square foot fulfillment center +* \*Don't forget that lots of people like disc-based games too. Personally, every other store in my town that sells disc-based games is far inferior to GameStop + +# Possible catalysts / Big news + +* We are awaiting the GME shareholder vote count. We expect to see many more votes than the number of shares that are supposed to exist, which will prove that hedge funds have been manipulating the stock, and will give GameStop the ability to recall / audit shares... causing the shares to be covered / causing the squeeze to start. +* New SEC rules being put into place. These are rules that can make hedge funds finally pay what they owe (i.e. Buy back shares / start the squeeze) People are waiting for these rules to take effect. +* Time itself: As the price continues to rise / refuses to fall, and as hedge funds pay more interest + spend more and more to short the stock, they become more and more overleveraged, and closer to getting margin called regardless of big catalysts. At some point the people who lent to hedge funds are going to want their shares / money back, pure and simple. You can't just keep taking out infinite loans without extra collateral forever +* On the first day that GameStop was able to see the vote count, GameStop tweeted a picture of an astronaut drinking a beer on the moon, and replied to people with many bullish comments... then the next day GameStop advertised "Mass Effect" and replied with a comment that has now been deleted: \*moass\* effect. That's right, they tweeted about the mother of all short squeezes! Shortly after Ryan Cohen tweets a picture of himself at a GameStop in Arlington VA, which is VERY close to Washington. Some people think that Ryan Cohen may have shared the vote count with the SEC by now. +* \*GameStop acknowledged the possibility of a short squeeze in their earnings report +* \*Fidelity shows that 5 times as many people are buying GME, as those who are selling + +# Shills / insight into the other side + +I believe it helps to get insight into what the other side is doing, as it makes me realize how real the situation is. + +* We have seen many apes claiming (and providing proof) that they were contacted by people who tried to get them to post negativity about the stock +* We have seen overwhelming amounts of articles that say to "Forget GameStop", and lots of other articles that appear to be desperately trying to get people to sell or buy into other stocks +* We see articles that make incredibly good news look like bad news, or otherwise we do not see the good news written about at all +* We see blatant price drops / short attacks right after very good news +* We have seen a video of Jim Cramer in 2006 bragging about the same dirty tactics that the hedge funds are using now to drive (manipulate) the price down, where he was literally saying that he encourages others to use the same techniques + +# But what if someone stops the squeeze? + +Nobody knows what will happen, but I have heard two supporting statements in reply to this question that I want to mention here. + +* People have mentioned that the government stands to gain trillions of dollars in capital gains tax, not to mention the benefit of trillions of dollars being given back to the people / pumped into the economy +* People have mentioned how at this point, when so many people have purchased GameStop including large institutions as well as international investors... doing something to stop the squeeze instead of letting the market operate as it should, would cause widespread distrust for the American market, not just for retail traders but for big financial institutions too +* In addition, some people are saying that the SEC, DTCC, etc. are actively preparing for the squeeze to happen, and rather than planning to stop it, are putting things in place to keep innocent people safe from the fallout + +# A world wide event: We are not alone + +* There are billboards and traffic signs that support holding GameStop stock, which shows how big this thing really is +* There are huge institutions involved on the long side (Such as perhaps BlackRock). Don't feel like retail is alone on this one. Some big guys have skin in the game / want the squeeze too +* DFV exercised his options, AND bought 50k more shares at market price, and now he holds 200k shares +* Ryan Cohen also owns 9 million + shares +* Institutional ownership of GME is 200% or more of the float +* It is believed that retail traders own 100% or more of the float + +# All shorts must cover + +When it comes down to it, all shorts must cover, and hedge funds have not done so yet. + +Hedge funds have shorted WAY more shares than are available in the float, which kicks the can down the road, but digs the hole deeper. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +&#x200B; + +https://preview.redd.it/3hfyc9cvvaz61.jpg?width=500&format=pjpg&auto=webp&s=012e7509e6ddf5ffdc0b2e2082dc49d982e01900 +Despite the tightening of the money supply and bleak economic outlook, crypto is currently way too undervalued for the bull run to be over yet. +If BTC had hit 150k, I'd probably agree with the sentiment here, but this is not the case. +BTC peaked at around 70k. The market cap is way too small for what BTC already represents for the world economy. + +Here is what I expect is gonna happen. The stock market will continue to struggle while investors will look for alternative investments. Since crypto is extremely undervalued, it will decouple from the stock market soon which will create a positive feedback loop, where the more investors move from stocks to crypto, the better crypto performs, which will result in more investors turning to crypto. + +Most people who think crypto winter already started have already sold or wouldn't have sold anyway. + +Therefore the rest of the year is going to get exciting. + +Just my 2 Satoshis. +How much do you think the overall prestige ranking of the college you attended (for undergrad) affected your journey to fatFIRE, if at all? Would love to hear people’s stories regarding the topic. +There are two forces that are battling each other inside me every single day. + +I know that the prime directive to achieve FIRE is to VTI and chill. There are so many studies that show that even during wars, economic collapses or bubble bursts the overall stock market in a long period of time was always going up. But can we be sure about it? + + I help out climate researchers in my spare time (as a volunteer ) for a couple of years now and sorry to say but the future looks blant and tragic. Every study, article or every friend tells me that we are in a worldwide decline that will hit us like a truck in just a couple of years. I even helped prepare some data models for the future regarding water use, energy needs and society response. After years of trying to convince people, I'm now too numb to tell you that it is too late. You can't have an unlimited system that goes upward all the time on a limited resource that is our planet. This is not something that can be prevented because it is already happening and we can only maintain the organism alive but not heal it completely. This is not a war that can be stopped, this is not a society problem that can be changed by a government or a new law. This is a life-altering mass collapse of everything coming our way and people don't care. + +And here I am, waking up every day and thinking about how I need to invest more of my money because inflation is eating it up. And every day, when drinking my tea, I look at the latest ecological publications and I wonder if the society will collapse in 2030 or maybe 2035? + +I know it is harsh but I feel like you need to be a hopeless optimist to believe in FIRE. You need to believe that everything will be all right, that the world will be good and prospering, and that technology (not developed yet) will save us. I can't. + +Preventively I will tell you that I invest most of my money into Green-tech and green solutions whatever that means. And it doesn't work great may I say it? Global clean energy ETF is -25% since a year, Solaredge -27%, First solar -17%, Sunrun -58%, Enphase -23%. If even green tech stocks are down how can we believe in saving our way of life? + +And no, this post was not made because I'm red on the last couple of days. I'm -20% in a year now and I don't really care anymore. This post was made because for the last 10 years I see the writing on the wall but everyone is telling me I'm the doomer, the crazy one and VTI and chill. It makes me sad +https://www.federalregister.gov/agencies/securities-and-exchange-commission + +Could use some wrinkly brained apes to decode and let us know of this helps us at all. /u/Leaglese usually does a fantastic job! + +Edit: Misspelled Legalese’s username. Fixed. + +Edit 2: Dumb Ape. No Spell. Username Hard. Sorry /u/leaglese +**Big update from today is at to bottom. Little bit of sad news but we are going to push forward!** + +&#x200B; + +&#x200B; + +So here it is. I was assaulted among other things over the summer by my employer. After I escaped and made it to the town police station they brought me to the hospital for a rape kit. The hospital for the past 6 months has been really easy to work with. I submitted all my bills and paperwork to the Victims Services woman and that gets sent to the state along with my police report that they also have. But I got a Credit Karma notification this morning that a $4,500 bill was sent to collections. Im not sure what to do. I called the collection company this morning and left a message and am about to call the hospital services woman now. But is there anything else I can do for this? The case is still pending with the DA office but with how hard the officers on my case worked and all the evidence we have im still very optimistic that it will go through and be the 2% that make it to pressing charges. + +&#x200B; + +Is there anything else I should be doing? The hospital never called to tell me I needed to pay only that the State would take care of it and I never received any payment letters beyond the first one that I sent in to the Victims Services office. The collections agency also has never called me. + +&#x200B; + +Update: I have spoken with the collection agency. They have an old address from 3 years ago listed, which is different from anything the hospital, my ID, or the police would have had. + +The woman I spoke to was really curt and gave me the number to a Victims serves line where I left a message because no one picked up. + +I have asked that proof of debt be sent to me as well. + +&#x200B; + +Update#2 + +I called again and spoke with a woman who was horrible. She wouldn't identify herself and was just all kinds of mean. When she did eventually give me her name she was quick to end the call. + +After calling back and asking for a supervisor and laying out a general picture of what had happened to me, he was a lot more keen on working with me. + +I am having the police and my Hospital Victims Advocate send over all my information the police are sending over only the necessary parts of my case so it can be precessed through their insurance department. + +The man I spoke with said that I should follow up with him in a week and it hopefully will be taken care of by then. + +&#x200B; + +This whole precess is so emotionally hurtful. I know its just paperwork, but Re-hashing all this with these mean strangers and knowing they're going to have pictures of my injuries and body is horrible. I have dealt with debt collectors before and it has never been so hostile. Paired with the issues that this is hurting my credit score as well as worrying about any of my information becoming publicly accessible with my attacker still being free is terrifying. + +&#x200B; + +Update #3 because you all are really helping me with these ideas and ways to make myself and this problem known. I found out that the hospital never submitted my application into the Crime Victims Services. And they are sending me another one of those. I have also called the police department that was helping me with this to send out a report to both the hospital as well as a more conservatively information report to the collection agency. I have also updated my civil lawyer for what is going on, although technically because we don't have a civil case open yet he isn't my lawyer? + +&#x200B; + +Update#4 So I am exhausted. Im speaking with my civil Att tomorrow. The debt collection agency says they are sending proof to my CO address. I will be in VA this week so if I need to go to NC in person I guess I could make that work maybe? The hospital is small, they have no official patient advocate it is just the victims advocate who is the one who didn't file the paperwork to CVS so no one to turn to really for that avenue that I am currently seeing. Im not sure what to ask my lawyer at this point other than to send a firm angry letter to the hospital admin person. I will be disputing with Transunion in the morning. + +&#x200B; + +&#x200B; + +&#x200B; + +Big Update here + +Hey everyone, I want to start by expressing my gratitude towards all the amazing ideas and resources that so many of you posted and PM'd me about. + +&#x200B; + +But onto the new news! + +I have gotten a call back from the Collection Agencies Patient Advocacy Department, the collection agency is not the bad guy here like I was quick to lash out at yesterday. They just want to get paid and I get that. The advocate I spoke to was pretty helpful, she listened to my situation and asked for my Police report. So ideally that will solve this issue. She also sent my bill back to the hospital and marked it as not active collections so I won't receive any harassing phone calls. And also let me know she would keep an eye on it to make sure that she could keep hitting my account back to the hospital billing department if necessary. + +&#x200B; + +I have contacted the three credit branches, they were all really easy to file disputes with for the account. And sending over supporting documents was also really easy. + +&#x200B; + +I don't want to sue the hospital, but dealing with everything that goes into building a new life from scratch, and dealing with the PTSD, depression, and anxiety that has come from this life event is really hard and having a Patient Advocate not file such important documents is really hurtful. So I can only hope that people will work together to fix this issue. + +&#x200B; + +I also called the NC Attorney Generals office to talk with them about the issue. After talking with 4 different departments there isn't much they offered to do other than send me an application to submit myself for the Crime Victims Program. So as of now the hospital will face 0 consequences for handling my billing issues so poorly. + +&#x200B; + +The department of Sexual assault services was able to verify the hospital did not submit the bills for my rape kit to the primary state payment office for rape cases or the secondary crime victims department. So no steps were made to have my rape kit handled by state offices like they should have. + +&#x200B; + +I called the NC Medical Board but they couldn't do anything and suggested I call the Department of Health and Human Services. I left a message with someone who might help me there, so hopefully she will call me back tomorrow and we can do something. + +&#x200B; + +Also spoke with my civil lawyer and wow what a guy! He told me to send him all that I had from today and yesterday as well as any communications from the hospital for the beginning and that he will call me when it is handled and done. It is so nice to know I have such a bull dog on my side who won't let these people push me around. :) He is also going to see what the hold up on my case is with the DA office and see if that can get moving because we have so much evidence and the police did a really good job in their investigation. +Modest 3 bed houses in Sydney, north of the 'latte line’ or Inner West regularly go for this type of price, often well in excess of $2mil. I’m just wondering how do people entering the market today afford, or more importantly, aspire to afford something that expensive? + +These houses often aren’t anything flash, they are the ‘entry level properties', they often need work, are still a long way out, or have other obvious flaws. I’m literally talking about the bog standard family homes that a lot of millennials grew up in as kids. + +Obvious answers are, Bank of Mum & Dad, inheritance, cashed up immigrants, foreign buyers, flipping cheaper houses until you ladder up? But honestly, are there enough people in that situation to continue at this trajectory? + +If prices take off again, how does this work? Do these just become a captured asset class, handed down from generation to generation? What happens over the next 10-30 years when the boomers all start to sell them en masse, who buys them if the general population can't? + +According to Commbank, you need to be on 250k household to come close to borrowing 1.5m, with an eye-watering 52% of income going to mortgage repayments. Stamp duty alone is nearly 68k. If you earn 260k household, you are in the top 5.5% of all wage earners in Sydney Region. + +What am I missing that seemingly everyone out there seems to know? +Related article: https://www.cnn.com/2022/04/06/investing/retirement-savings-401k-investing-roth-ira/index.html + +> Last week Congress almost unanimously passed another bill, SECURE 2.0, that has even broader changes. The Senate is expected to pass its version in the coming weeks. + +The goal is to get people to save more for retirement. + +Some of the changes: + +* **Automatic Enrollment**: Starting at 3% deferral, and increments 1% annually until 10%. Participant can opt out. +* **Pre-retirees save more**: Catch-up deferrals will be $10,000. Originally $6,500. +* **Pay off student loan debt while saving**: Sounds like an added plan design option is to have matching extended to student loan payments. In addition to matching deferrals, student loan payments can be matched. From my understanding the matching will go towards the 401(k). +* **Delay mandatory withdrawals and limit tax penalties**: Starting RMD will be 75 instead of 72. And penalty will be 25% instead of 50%. + +Overall I think these changes are an improvement. There is still a lot more that can be done though. + +Personally I am into the RMD updates. I see it helping with my FIRE plans in that it delays the forcing of withdrawing from the tax advantage account. I hope they continue improving the options we have. +What do you think, any niche sub sectors in your mind, or you believe that increasing duties on Chinese, Korean chemicals is just a temporary dangling of carrots? + +Edit: along with chemicals, pleas include "APIs" sector also in your consideration . Thanks +What do you think, any niche sub sectors in your mind, or you believe that increasing duties on Chinese, Korean chemicals is just a temporary dangling of carrots? + +Edit: along with chemicals, pleas include "APIs" sector also in your consideration . Thanks +I've just turned 22 and started a year ago investing in different things, several failures later I educated myself in cryptocurrency and the tech behind it, I firmly believe in btc and tried to explain to my stubborn dad of the idea beyond btc being an investment for the future. +Fast forward a three months from April and my dad gets around asking how crypto's working for me (I knew he knew it had dropped) therefore just asking to get a good laugh at my face. +He's a nice dad and has educated me in a lot of different things but I count the days to take him on a really nice vacation all with my Bitcoin and have the final laugh at the fact he didn't stack when he had the chance. And of all things; listened at what the newer generations are here to change for the better. + +Keep on hodling and don't let anyone even know about your holdings, it's just gonna beat you down to their level, don't give in and keep stacking :) +They say you can go back to rental property and live there for 2 years before you sell it to avoid a capital gain tax. Is it that simple? Is there anyone who has an experience of doing that? +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. +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: $282.24 / 230,95 € ⬜ + +&nbsp; + +FAQ: To generate this data, I'm capturing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and converting to USD. Today's EUR -> USD conversion ratio is 1.22208304. I created a simple C# application that assists me in scraping this data and am manually editing the results into the post, so there can be delays. + +I'm not trying to take over this tradition, just keep it going for fun on days when u/DerGurkenraspler doesn't start the thread at the normal time. They have been unexpectedly absent recently, but I will gladly bow out of this role when they resume updates. +The definition of back testing iiuc is testing historical data. So if I withhold the last month's data during training and only use it in the final evaluation, it is technically equivalent to just doing the same thing by waiting for an extra month of data, right? Is there something I'm missing? Isn't back testing only bad if one falls for the temptation of using test data for validation or training? +Hairline has receded considerably, and I have a solid balding/thin spot on the top-back of my head. Looking to get this fixed with hair transplant surgery, but I’ve read some horror stories online about some of the well-known brands that are marketed to regular people (e.g., Bosley). + +Am already fat. Live in Europe, but am willing to go anywhere in the world to get this done. Time and money are obviously not factors here. + +Does anyone have any ideas or experience in this area? + +Edit: I have no issues with my weight and am in very good shape. Surprised that a few of you didn’t get the meaning of “am already fat” in the fatFIRE sub. +♻️🚀Decentralized Community Investment Protocol ($DCIP)🚀♻️ + +The BEP20 network’s very first token featuring fully decentralized investing to token holders. + +Don’t bother falling for yet another token advertised as being the next DOGE, ELON or INU token. With DCIP’s unique offerings, DCIP is all your portfolio needs. + +Links: + +🌐Official DCIP Website - https://dcip.finance + +📄DCIP Litepaper - https://dcip.finance/DCIP-Litepaper.pdf + +📺Explained in 60 Seconds - https://www.youtube.com/watch?v=Me-GymG1JWs + +🔍DCIP Audit – https://dcip.finance/Audit_CTDSEC.pdf + +📲Official DCIP Telegram – https://t.me/DCIPfinance + +💲Pancakeswap Listing - https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x308fc5cdd559be5cb62b08a26a4699bbef4a888f + +📈Financial Chart - https://charts.bogged.finance/?token=0x308FC5CdD559Be5cB62B08A26a4699bBef4a888f + +🗝DCIP LP Lock (10 years, $300,000) - https://app.unicrypt.network/amm/pancake-v2/pair/0x4799b0d36b421df620daFeBdE3ba19C2C2c2fC5c + +🦎Coingecko Link - https://www.coingecko.com/en/coins/decentralized-community-investment-protocol + +Unlike others, DCIP is not a meme token, as it holds real-world use-case scenarios as well as offering passive income to its investors. + +DCIP is officially the first of its kind to be released on the BEP20 network as an Investment as a Service (IaaS) token. + +All of DCIP’s investment possibilities and options are fully community led decisions, which the token holders are the sole influencers on, as embedded in DCIP platforms smart contract. +Toting real-world use cases that are not limited to just the BEP20 network, DCIP is the only token in existence to be launched with not only fully decentralized voting investments but also as an IaaS platform, both of which embedded in its smart contract. + +With blockchain horizons constantly developing, brand new opportunities formulate for the DCIP platform, and due to the investment opportunities of DCIP not bound to any particular chain, only re-distribution of investment profits to holders are bound to the BEP20 network. + +The motivation behind DCIP is to redesign traditional investing completely by removing the need for predatory behavior on retail investors conducted by hedge funds, investment bankers and figures alike. +DCIP shall bring investing power back to the people! + +✅Unique features of DCIP: + +• Fully decentralized voting for token holders + +• Fully decentralized investing + +• Investment rewards in the form of BNB and BUSD + +• Passive income to holders + +• Reward redistribution to holders + +• Punishment taxes on trades committed within 24 hours of holding + +• Anti-whale measures + +✅The team behind DCIP are: + +• Fully Doxxed + +• Audited + +🔄 Tokenomics Information: + +➡️ 10% Standard Tax + +• 3% Liquidity + +• 1% Marketing Wallet + +• 2% Community Investment Wallet + +• 2% Burned + +• 2% Redistributed to holders who wish to hold longer than a period of 24 hours. + +➡️🆘 7% Punishment Tax on swaps within a period of 24 hours: + +• 4% Community investment wallet. + +• 1% Burned + +• 2% Redistributed to holders who hold longer than a period of 24 hours. + +The DCIP development team offer almost-24/7 activity status, and thus any inquiries will be responded to as soon as possible. + +📲Join the DCIP Telegram group today to join the investing revolution: +Thankfully, I've been able to pay all my bills and everything but I've been floating a few hundred dollars on my credit card for a few months now and my savings accounts are in desperate need of a refill. With my hours cut because of COVID and no end in sight, I've accepted that I just need to hang on until I get my tax refund early next year. Idk it feels kinda sad but that's really the only 'light at the end of the tunnel' I have right now. +So I recently started trading, and have got about 2,000 pounds in my 212 account. I accidentally thought I was depositing into my ISA option on 212 but I wasn't. I want to move the money over but obviously that isn't an option unless I sell, which I don't want to do. + +Any advice? + +Thanks +UK investor. + +With the fall of GBP, I've decided to switch to investing in the UK while still holding my US stocks for now. Once a month I also add to my index funds. + +This month I will DO Csp1 for the S&P500 (it's domiciled in Ireland so that's okay), now I used to do 60/40 with the 40 being VXUS. However, with that being US domiciled, I've decided to let that go for now. + +Would it be better to do the remaining 40 in FTSE 100 or FTSE 250? +Interestingly, his coins moved! I wonder if his 800 coins will be distributed to the rest of Gox victims or he gets refunded whole? + +https://blockchain.info/address/113MmkyjjH6zS9VMvbwrhBNoMe6upzdvNC + +*Edit Looks like he got them back. Lucky guy, he got ungoxxed. +*Edit 2 *Wow, thanks for the gold! +I've been aiming for this moment for 23 years, where I can board a flight with a one-way ticket and wander the world unburdened by goals or financial commitments. In August I'll finish up my contract, bid farewell to my colleagues and do just that. + +I've managed to get myself into this position by following many of the strategies that you guys talk about on this forum. Starting out with nothing at the age of 21 myself and my wife have spent the last 23 years investing surplus savings and being careful with how we spend money whilst raising a family on a single income. I've been working in IT in New Zealand, Australia & Europe for my entire career and most of that time our household income was around US$80,000/annum. It's been really interesting talking to other people who are the same age as I am, who're in the same industry, who've nearly always earned much more then I have yet who are often still deeply in debt and resigned that will need to keep working well into their 60s. I thought I'd share some of the behaviors and decisions that helped us get to where we are now: + +1. Buying a cheap house early: We bought a pretty ordinary house in the late 90s for US$125k (in New Zealand) and paid it off in four years. For 15 subsequent years the money which we would have spent on the mortgage or rent was invested, giving us a huge head-start. + +2. Tax planning via contracting: I've spent most of my career contracting as a Programmer, Project Manager, Business Analyst etc. Most contracts have been for 6 months on a higher daily rate than a permanent job. Contracting has meant that I've been plan my income across tax years to avoid drifting into high tax rate thresholds. i.e. for many years I'd stop work after 6 months and take the summer off till the next tax year started. Obviously, this isn't the best strategy for simply accumulating money, but it's been a nice lifestyle choice. + +3. Buy and Hold. I've found my only investment regrets have come when I've sold and watched as the value of that investment continued to rise. There are lots of shares on the Australian and NZ share markets that pay higher dividends yields than bank interest rates, so it's pretty hard to lose money in the long-term. As I've grown older I've become much more comfortable with buying some ETF or share then forgetting about it and not stressing about whatever the share price is. + +4. Start a business. I did this about 6 years ago. It wasn't particularly successful financially and had I just continued contracting it would have resulted in much the same return on investment. However, the personal development & leadership opportunities and connections that I realized from being a business owner were life-changing. It's given me a ton of confidence in looking outside IT for whatever I do next. + +So, in just over a month we'll be off to explore this planet with a curious mind and I'll keep myself open to whatever opportunities present themselves. I think that, at 44 years old, FIRE shouldn't be about playing golf or pottering around the home, but instead is an amazing opportunity to escape the daily grind and challenge yourself. Maybe even give back something to the world. We'll see... + + +https://www.valueresearchonline.com/stories/49842/customers-vs-shareholders + +>There's an idea that comes around from time to time that satisfied customers indicate a good investment. Can customer satisfaction and high returns for shareholders be shown to correlate, let alone an actual causality? + +>The funny thing is that as soon as I start examining the idea, counterexamples start occurring to me entirely automatically! There are businesses with which I am personally delighted as a shareholder but with whom my experience as a customer is not quite in the same league, to put it mildly. India's most-profitable private sector bank is the first name I'd put on this list, but it's certainly not the only one. + +>When I look at the actual experiences of customers vs shareholders, then something less cheerful suggests itself. While it's nice to have customers who are satisfied, it's even better to have customers who are unable to walk away. Businesses love customers who cannot go away no matter how dissatisfied they are. You can't choose and switch to another bank easily. You cannot walk out to another electricity-distribution company. Note that these are licensed businesses where the government acts as a gatekeeper. Telecom companies were in the same category, but then number portability changed the game. + +>As I'm writing this column, Facebook and its other services are just recovering from an hours-long worldwide shutdown. Are you going to switch to alternatives for Facebook, Instagram and WhatsApp as a result? For those enmeshed deep into using these services, the idea is unthinkable. A company like Facebook doesn't have customers; it has hostages. At least that's true of people who use the services, but not the real customers, who are the advertisers. + +>All this brings one to the uncomfortable conclusion that companies with customers who are hostages are as good (or better) bets for investors than those who have satisfied customers. At the end of the day, a profitable business is one that can ensure that customers keep paying it while it spends as little as possible on them. Happy customers are one way of doing it, but customers tied to you is another. As the example of telecom companies and number portability shows, regulatory authorities have to recognise this and find a way around it. Bank account portability? Is that an idea whose time should come? +Hello everyone. It’s me again. This time I’m not telling you about Sluggs or Snakes. I want to talk about something that was just released by The European Bank yesterday, May 19th and is flying under the radar EVERYWHERE for some reason. I’m not a financial advisor. I manage a warehouse for a construction company and I’m really stupid but the following information, I feel, is very important to review. If I’m wrong or stupid ANYWHERE. Let’s discuss! Let’s get brain juices flowing! + +The European Bank, of which 19 countries are members, just issued a Financial Stability Review - [Financial Stability Review, May 2021 (europa.eu)](https://www.ecb.europa.eu/pub/financial-stability/fsr/html/ecb.fsr202105~757f727fe4.en.html) \- which I only caught because of this very minor article on Barrons - [European Central Bank Warns on Heightened Risks to Financial Stability | Barron's (barrons.com)](https://www.barrons.com/articles/european-central-bank-warns-on-heightened-risks-to-financial-stability-51621439308) The Barrons Article is a great TLDR – Basically everything fucked. HODL. (Edit: This article has now been paywalled) + +But let us dive a tad further PAST that into the actual report released by The EB. I’m just going to write my general thoughts, I’m not smart enough to do an extreme breakdown but I encourage EVERYONE to read the article and grow a few wrinkles. + +The beginning part of the article explains that risks because of the pandemic remain high and that corporates and banks need continued protection in order to prevent insolvency issues. You see, many of these banks and corporates or hedge funds would have gone bust in 2020 because of how over leveraged they were if it weren’t for the help they got from their respective Federal Reserve (US) or the European Bank (EU). Basically, the can got kicked down the road, money printers went BRRR. The day is saved. So far. + +The VERY first crayon munching picture that everyone can understand is presented. Look it over. What is being predicted going into 2022? + +Then the article discusses the US yields and Bonds. Basically, how the US kept itself afloat and the risks associated with it in Charts 1 and 2. Chart 3 discusses what we already know. Many Hedge Funds are overleveraged and exposed to failure which leads to increased risk to those lending to them. This has caused a decrease in liquidity. Quote “Cash buffers and liquid asset holdings are now below PRE-PANDEMIC levels and approaching NEW LOWS, leaving the sector highly vulnerable to fire sales of assets in the event of large-scale redemptions.” (DANGER ZONE by Kenny Loggins) + +Chart 4 – More leverage, more vulnerabilities, more insolvencies. Look at the right chart and it’s cliff notes. It’s projected that since 2019 more and more corporate insolvencies will occur. + +Chart 5 discusses how this will affect everyday Europeans oh, and the real estate sector is going to go boom if a financial crisis does happen. (In a VERY bad way. 🔥 🔥 🔥) + +The report continues that while the Market overall has been doing great! Banks are not making a profit. What is going on? They claim they don’t really know but because of this Banks are not willing to loan as much suddenly anymore despite how good they all should be doing. Quote “Early signs of rise in loan impairments are becoming increasingly visible.” + +Then it starts breaking down many things of which I’m going to generally gloss over but please read it in your spare time. The next Chart we should look at is 1.12 – how a backlog of insolvencies will cause challenges in the EU. The expected default frequency is forecasted in this chart and compared to the 2008 Financial Crisis. Shit is FUCKED. + +The report goes on into how the US Markets are affecting Euro Markets. To quote “At the end of January 2021, groups of retail investors (THAT’S US) bought several US small cap stocks where leveraged investors had large short exposures. Their actions, coordinated on social media, pushed those stock prices to high levels, thereby imposing substantial losses on short sellers such as hedge funds that were forced to buy the underlying shares to close their positions.” READ THIS ENTIRE SECTION. It’s uncessary for me to quote the whole thing but READ IT. They specifically talk about options and how their unwinding will have spillover into the broader marker. They cite Archegos specifically. Going on they state again “…That bank asset quality is likely to deteriorate further over 2021.” + +Chart 4.5 – Funds’ cash buffers continue to fall while liquid asset holdings remain stable. (In my mind, this is like the part in The Big Short where Steve Carell and his buddies are being asked to pony up more money for their shit even though their shit was literally FULL of shit.) + +The report even addresses ‘Zombie’ firms. Aka Shell Companies and how they are gonna fuck shit up if not addressed AND SOON. + +Ok. That’s all I can fit into this post because my lunch break is over and hopefully smarter people than me will pick up on this and explain more. Guys. This is “I GOTTA CALL MY MOM” kind of a big deal. The news is NOT reporting this information but the banks can’t hide it anymore. Shit is going down. Keep Holding. I love you all and good luck going into our new future. Do good. Use this information for good and all gains you may possibly get for the betterment of all. Be excellent to each other! + +Obligatory Rockets - 🚀🚀🚀 + +Edit 1: just before I go back to work. I googled to see if the US Government has reported anything similar to this. Holy Shit. They have. Back on the 6th. Why has nobody noticed this? Why is the Media not sounding the alarm??? + +https://www.federalreserve.gov/publications/may-2021-purpose.htm + +I don’t have time to do anything more than glance over it but guys. The Federal Reserve is saying basically the same thing but with way more bullshit and “Don't worry about it!” Language. But the underlying message, if you read past it. Is the same. Shit. Is. Fucked. + +Edit 2: u/attobitt u/heyitspixel or u/rensole help bringing more eyes on this? + +Edit 3: Apparently Zombie Funds 🧟 are MUCH more dangerous than just a shell company. u/RedMageMood sent this to me. + +“read the paper you shared about financial stability. + +Zombie firms aren't shell companies, they're much worst. They're companies that aren't profitable at all yet still run, these companies carry large debt and are planned to NEVER turn a profit. They are true full blown ponzie schemes where they start off by collecting a round of investors in some new tech or idea, make a prototype, have a press release, then have another round of funding and collect new investors. That new funding is then used to pay off the initial investors, but after expenses, expansions, salaries and other payments nessessary they are still in the hole. + +These companies do this forever, another word for them is GROWTH companies or growth sector. https://finbox.com/ideas/zombie-companies-list , a lot of these companies are actually in large ETF's such as SPY and NASDAQ. These aren't just venture capital endeavors, some are major corporations such as Mattel inc., other famous zombie firms are UBER, Doordash, and most tech darlings. + +The problem with them is what happens when funding stops for even 1 round, and then debt is carried over to the next fiscal year. Also what happens when their "growth" is already priced in and invested on by major hedge firms and ETF's, except most positions are on MARGIN. + +What will happen when the growth companies stop growing, yet people spent money on it to grow with fake overleveraged money?“ +The company I work for was the target of a scam that was well-planned. I would not be surprised if this works on some folks - please be careful people! + +I received an email yesterday purporting to be from one of our employees. The email was "him" asking if it would be possible for me to update his direct deposit information. If so, he'd send me his bank account information. + +Things that made this scam potentially quite effective: + +* They researched our company and selected a real employee and used his first and last name. +* They created a gmail address that could plausibly be his. +* They researched our company and correctly guessed that I am the person that runs payroll, and figured my email address. +* They weren't overly aggressive in their request (e.g. sending bank information straight away). + +Things that alerted me almost immediately to it being a scam: + +* We use an HR service where employees can self-manage direct deposit along with everything else. +* We almost never send email internally and communicate via slack or in person conversation. + +Fortunately as a company of ten people it was a pretty quick "Hey, this email I just got is bullshit right?" and he said "Haha, oh yeah that's bullshit", however if we were larger and communicated more via email then it could certainly work on some companies. + +Please be careful! +I 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 +What is the best way to get new community members up to speed on what has really happened GME stock? + +We might get a rush of new members due to the movie, if they find Superstonk we should be as helpful and informative is possible. + +My opinion is that we need to communicate: +1. Shorts never closed +2. Retail is not responsible for the price action on this stock. +3. And then point to the DD +As the title states, I am not a troll and this is something that has been bothering me ever since I started trading(Stock market) 2 years ago.. + +I started trading in the beginning of 2019 and right from the start I noticed anytime I throw a bunch of money into the market, as soon as I hit that buy button, I would get an erection... + +Now stop right there because I already know 99% of people here are going to throw this post in the trolling category but the crazy thing is... It's totally true.. I got a massive sexual high off of losing money(or at least having the risk of losing money).. I would find my hand slowly gravitating down towards my pocket where It would slide in and start jerking my penis off ever so slightly. I could not help myself... I would do this at work since we are separated in cubicles I did not have to worry about anyone interrupting me. After covid hit, we got to work remotely and it jumped up tenfold, I would find my self jerking off upwards of 7 times a day as I watched my brokerage account slowly go into the red while holding massively leveraged positions. My money finally ran out back in August and my relationship with my girlfriend has been severely diminished since I never had any energy left at the end of the day for romance or conversation for that matter... She would constantly accuse me of cheating but I could not even reveal the news to her since it would probably damage our relationship permanently. NOW.. Not only do I not get hard with her(unless I'm drunk) I have to visualize myself using 4 times margin on some flimsy pennystock in order to get that rush my body has been conditioned with these past 2 years..I haven't thought about using viagra since I don't want it to take pills especially since I'm not quite 30 yet + +Overall I lost my life savings in the matter of a year and a half (80k), I have nothing left and feel incredibly depressed. I would like to see a psychiatrist but the fact that I have to divulge this incredibly embarrassing information, stops me from it.. So here I am on a throwaway account so you guys can make fun of me openly. + +TLDR: I have cum many times to the excitement I get from putting my money in the market and it resulted in my ultimate bankruptcy + +EDIT: my portfolios performance was a complete inverse of what my penis looked like + +EDIT2: To the people mentioning /r/Wallstreetbets I originally posted it there but gay mods took it down. +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. +Just curious on everyone's thoughts. I wouldn't think it'll be as bad considering a lock down is more extreme but a recession would probably be over a longer period of time. +A very wise person spruiked NEA last week and it has mooned today. Tonight I pour myself a glass of wine in your honour. Maybe I will send you a carton if this continues. Can we please have more speculative stock discussions and less of this BBOZ/BBUS dumbfuckery? Everybody should know by now that you cant fight the printer and that stonks only go up, FFS. +*Each week I'll be picking a random ASX stock that I've (personally, yes I'm aware it may have been covered at some point in history) rarely seen discussed online - and that I do NOT hold - that* ***you*** *voted for, for us to dive into for some "DD".* + +*This is for us to have a look at what it does, comb over their financials, and in the end discuss whether or not we'd buy into it. Not all of these stocks may be sexy or appealing; the whole point is to shine a light on what companies are doing out there on the ASX which never get much coverage - for good or bad.* + +*The main purpose being to add some more variety in coverage to the standard blue chips or meme stocks we see pumped day in and day out, and hopefully discover some hidden gems or innovative companies on the Aussie market.* + +*Here's this week's Random Stock of the Week.* + +**Company name:** Jupiter Mines Limited + +https://preview.redd.it/49pkk826txb81.png?width=1117&format=png&auto=webp&s=806bf1b10de0638822586afd06782cec026e9097 + +**Ticker:** JMS + +**Industry:** Mining + +**Headquarters:** Perth, WA + +**Market cap:** $450m + +**Current share price:** $0.23 + +**P/E ratio:** \~7 + +**1-year Performance:** \-21.20% + +**What they do, smoothbrain version:** force poor South Africans to mine iron ore's ugly cousin out of the ground in order to pay the fatcat board and shareholders phat dividends + +**What they say they do, wanky version:** "Jupiter is an Australian registered public company listed on the Australian Securities Exchange ("ASX") which has as its main asset a 49.9% beneficial interest in Tshipi é Ntle, an independently operated and managed, black empowered manganese mining company." 🍆👋 + +**What they do, actual version:** Jupiter Mines Limited (JMS) are a Perth-based Australian mining company whose main asset is their ownership stake in the South African Tshipi manganese mine. + +Located in the Kalahari in the Northern Cape region of South Africa, the mine is the 3rd-largest of its kind in the world. It's an open-pit mine with a shallow resource, making for a relatively low-cost mining operation with an easily accessible mineral product as its focus: manganese. + +Manganese ore is primarily used in the production of carbon steel in order to increase its strength and flexibility; the ore is reduced in a blast furnace to create ferromanganese, which is then used for making steel itself. + +[JMS’ MANGANESE MINE IS THE 3RD-LARGEST OF ITS KIND IN THE WORLD](https://preview.redd.it/q2ldueo9txb81.jpg?width=950&format=pjpg&auto=webp&s=6a4fb1d1d7cbe806fa0e59fc6e7ac2ea7e23f1ef) + +The Tshipi mine is a pretty consistent and predictable operation in terms of production volumes; with some minor fluctuations year-to-year, an average of around 3.3 million tons of manganese ore are extracted on a yearly basis. + +It's an extensive resource, with an estimate 30 years of mine life left and is connected via an efficient transport network with its own rail loop, making it one of the industry's fastest and most efficient loading stations. + +Being a single-commodity producer - the company recently divested itself of previously-held iron ore assets, and is now the only pure-play manganese producer on the ASX - the spot price of manganese ore is obviously the driving factor of the company's profitability. + +While the company's mine's volumes are high, South African manganese (including JMS') tends to be lower grade (37%), and so can be one of the first to suffer when tighter regulations around the control/use of high-purity manganese are prioritized. + +Other factors, such as the costs of logistics/freight, weather issues, and the occasional spot of civil unrest (hello, South Africa!) can all eat into margins to varying degrees from one year to the next. + +The majority of JMS' clients are in Asia (primarily China), with a diverse range of customers and not overly reliant on any single one for revenue. However, the commodity is still highly subject to macro Chinese demand, which has had a direct impact on the last years' worth of consumption. + +As a result, the price of manganese has been fairly flat / on a middling trend since tailing off after a price spike in mid-2020: + +https://preview.redd.it/y3pjgclctxb81.png?width=934&format=png&auto=webp&s=6b73657924549a8317ec133dddbb5de971749829 + +JMS was founded as a company back in 2003, but listed on the ASX in 2018. It has generated a total return of -1.19% p.a (including dividends) since it listed. + +**What looks good:** + +* Its low cost of production, resource accessibility, and scalability make JMS able to respond pretty well to macro-economic conditions and demand spikes/lulls for its commodity while still maintaining profitability. +* This flexibility results from their ability to quickly either scale up or back their production volumes as needed, as well as adjust their ratios of ore transported by rail vs. road to keep a control on costs. +* Since its inception on the ASX, the company has been a massive dividend payer. One of the initial key directives/selling points of the company was returning value directly to shareholders, and the company certainly has done that: + +https://preview.redd.it/vqghsj5etxb81.png?width=1077&format=png&auto=webp&s=495cf7be865724413aa5dc8d146eca5af83d9831 + +* Even in a relative 'down year' for their commodity, the company was still highly profitable, paying out a 10%+ dividend yield and allowing it to keep a robust balance sheet with millions of dollars in the bank. +* The Tshipi mine is located in a region far away from where most of the social turmoil/civil unrest that has occurred in South Africa in recent years, meaning minimal disruptions to the company's operations outside of some minor port-unloading disruptions that were fairly immaterial to its overall earnings in 2020-2021. +* Its (previous; we'll cover this more below) CEO was a large holder and frequent buyer of company shares, and influenced the company to retain its large dividend payouts. +* Consistency is a key theme in terms of its production volumes. While they do fluctuate some, the company can be counted on to pump out relatively stable volumes of ore, with the macro price of the product its main influencer rather than the company's operations themselves. +* Global consumption/demand for Manganese has fairly been consistent in trending up over the last 10 years, albeit not rapidly so. This is by no means a "boom" metal/element along the lines of lithium with sudden consumption/demand spikes; however as a 'construction' metal, it trends up with global growth over the long term. + +https://preview.redd.it/cg3pkkmftxb81.png?width=1052&format=png&auto=webp&s=cb440dd61e2c2400284ef73373411febf4282fb6 + +* The company management have dropped hints they are considering spending some of their war chest to acquire assets that will allow them to diversify into the EV supply chain in the near future. +* They have zero debt on the balance sheet, and a pretty significant/valuable asset to go with it. +* Price to book value of its assets looks cheap, especially compared to some of its other smaller market cap peers in the ASX mining sector. +* Similar to iron ore, manganese may be set for a rebound in 2022 as China looks to pick back up its levels of steel production post-Olympics and once its real estate industry potentially re-stablises. + +**What doesn't look good:** + +* Declining revenue and profit figures since its original listing, with a share price which has largely followed the same downward trend. + +https://preview.redd.it/kzsgghpgtxb81.png?width=1320&format=png&auto=webp&s=dfe702d455cd069ae7a39f576a3a8bfd89a74d51 + +* JMS are a single commodity producer so your faith in its growth prospects, outside of management decisions, will largely depend on any catalysts for the ore itself. As a result, it is both at the whim of the general commodity cycle and not fully in control of its own destiny. +* Covid-19 has had a fairly substantial impact on the company's operations, with its effects resulting in reduced production and revenues due to a lack of driver & machinery operator availability. +* Global freight and shipping costs globally having blown out over the previous financial year have eaten into profits, as the price of shipping ore to China coupled with delays have impacted the bottom line. +* The lower grade of their ores makes potentially "the first domino" to fall when demand declines/standards tighten. +* The dividends the company pays are not franked... hello, tax. +* 2021 was a bad year for inclement weather occurrences, with an above-average rate of days of extraction and operations lost due to rainfall and other climate issues. Was this a fluke, or will climate change continue to play a role in the coming years? +* The company has been "spinning its wheels", content to maintain operations and production levels without any concrete roadmap for expansion or growth. +* Their website looks amateur-hour for a nearly $500m market cap company (a pet peeve of mine, sue me... actually, don't sue me #NFA #GLTAH). +* The company's logo looks like twin eggs that have been impregnated which are being hunted by the Predator. + +However, in addition to all of the above points, by far the largest issue/source of controversy - and determining factor in its success moving forward - for JMS has been *issues with management*. + +After several years' worth of long-term criticism of previous board members' behaviour, a recent shareholder vote in late 2021 led to a board spill in which shareholders overwhelmingly voted in members of a new executive team. + +https://preview.redd.it/caiahoyhtxb81.jpg?width=1000&format=pjpg&auto=webp&s=1c712fd86d4920a72df179f9b9adf302511cc3d2 + +This criticism of previous board members included over-compensating themselves monetarily, under-promoting the company, and a general lack of direction or clear growth plans expressed to shareholders. + +This included the CEO, with the search for a replacement CEO commencing immediately thereafter (and the position still not yet filled at time of writing). + +Pending this new hire, this is currently a company that is fairly in “limbo”, and one without ether a solidified growth plan nor clarity on whether its expected high yield of dividends will continue to be paid moving forward. + +**Summary:** This is a company that could go either way share price-wise in the near future, almost entirely depending on who the CEO their management team hires turns out to be, and how the company decides to re-deploy its profits after the fact. + +The potential fear may be that once the new executive team are in place, the company then uses its cash to rush in to an ill-thought-out acquisition that destroys its consistent profitability (and big dividend, one of its main appeals) moving forward. + +However, should they choose wisely, JMS will then have a growth story to push to potential shareholders, and may finally regain some positive sentiment. + +On a fundamental level, this is a company that still looks undervalued share price-wise based on its combination of cash, profitability and assets, but investors typically want to see *growth* \- and actual *outlined steps to reach that growth* \- rather than just maintaining the status quo. + +Despite this, the stock still seems slightly under-covered given what it's producing. + +There's something of a parallel here that could be made with ASX iron ore miner Grange Resources (ASX:GRR), in that it's printing quite a lot of money, has management who are fairly disengaged/content to just keep business as usual, and is a pure-play miner with dividends as one of its main selling points for investors. + +As an investment, even if JMS weren’t to do anything radically new and just proceed business-as-usual, you could theoretically still buy in, collect a chunky dividend, and hope for the price of manganese to have a good 'rebound' year or two/China to ramp things up. + +There's no real reason to see the share price sinking much further from what is a relatively low floor at the moment, and demand for its ore will still persist on some level. Research houses have given predictions for a CAGR of over 4.0% between 2021 and 2026 for manganese ore as a commodity. + +**Conclusion:** Based on the above, I personally see this as mildly interesting purely based on solid fundamentals. + +It's consistently profitable, has plenty of life left, and is coming off a down period that is no real fault of the company's own product or its operations to blame. + +This could also quickly become a 'strong buy' should they get their CEO hire right, and the current executive team embrace a more transparent communication policy with its shareholders. + +It largely comes down to opportunity cost, and how bullish you are on manganese as a commodity vs. all the other available commodity+management combinations out there on the ASX. + +Is it worth parking your money in JMS instead of a different, solid company who focus on a commodity such as nickel, copper, etc. which have a more favourable near-term trend, and global macro tailwinds? That remains to be seen. + +**Company website:** [https://www.jupitermines.com/](https://www.jupitermines.com/) + +**MarketIndex page:** [https://www.marketindex.com.au/asx/jms](https://www.marketindex.com.au/asx/jms) + +**Link to web version:** [https://ausinvestors.com/jms-stock-of-the-week/](https://ausinvestors.com/jms-stock-of-the-week/) + +**Vote for next week's Random Stonk of the Week:** [https://ausinvestors.com/poll](https://ausinvestors.com/poll) + +**Links to previous Stonks of the Week:** [https://ausinvestors.com/category/random-stock-of-the-week/](https://ausinvestors.com/category/random-stock-of-the-week/) + +Feel free to add your own opinions on JMS in the comments below. + +**Would you buy this stock? Why or why not? Feel free to vote in the poll.** + +[View Poll](https://www.reddit.com/poll/s4xwg0) +Howdy folks. You heard it here first. Now it's time for US tendies on SelfWealth. + +US trading will be ready in full swing on 14th December 2020 but this week you can pre-register for a US trading account so it’s ready to go come Monday. + +&#x200B; + +**Notes** + +* You will need to do this for each portfolio you have and anyone with joint account needs to have both people accept the terms. Do it by clicking your avatar on the website and [clicking ’settings’.](https://secure.selfwealth.com.au/Settings) There will be an “Add US Trading” next to all approved ASX trading portfolios. +* W-8BEN forms are digital. + * W-8BEN-E forms (note the ‘E’ on the end) are physical, these are for SMSFs, trusts, company accounts etc but [we’ve got some solid guides on how to complete these.](https://www.selfwealth.com.au/SelfWealthW8BENEFormGuide) WHEN SIGNING THESE PLEASE DO IT IN US DATES otherwise it creates problems. E.g. sign it today and it’s 12/07/2020. +* If we don’t have your TFN [you’ll need to update it](https://www.selfwealth.com.au/ChangeTFN-ABNDetails). We’ll be prioritising them this week so you’re good to go come Monday. +* US trading will not be on the current version of the mobile app, the new app (due to be released soon, once US trading is up and running) will support US trading. Therefore, you can only trade US on the website for the next few weeks until it’s released. You can log into the website on your phone. +* You can transfer stocks and cash from another broker, **but can only initiate this next week**. Cash can only be transferred as part of a stock transfer, you can’t transfer US cash directly into your SelfWealth US cash account. [Form here.](https://www.selfwealth.com.au/TransferUSStocksIn) +* Additional order types will come in the coming weeks, at the moment it’s day-only limit orders. We’re expecting to add market orders in December. +* After that, we’ll be adding conditional orders (stop loss, market on open, stop limit) but no timeframe on that yet. +* No, options aren’t on the platform and not going to be added in the short-term. +* Want cash before US market opens? Transfer it from your AUD account before 9 am. + * At the moment, you’ve effectively got a 30-minute window if you’ve just transferred cash into your SWF account and want to go straight into the US that night. \~8.30am - 9am to get it moved over. We’ll be working on improving this. +* The custodian for your shares is PhillipCapital, a large Singapore-based group. All US trading from Australia is done under custodianship, there’s no CHESS sponsorship for US shares from here. + +&#x200B; + +**Features of US trading on SelfWealth** + +* USD 9.50 flat-fee brokerage. Your first US trade is on us if done before the end of Feb, we’ll refund the brokerage in the next month to your AUD cash account. +* A free USD cash account +* A massive list of securities to choose from (7,500+) +* Competitive FX spread (all brokers charge this) at 0.60% when moving cash between currencies +* No account, inactivity fees or withdrawal fees +* Live chat support during US trading hours (not the full hours initially) + +&#x200B; + +**New Mobile Apps** + +* Brand new native iOS and Android apps to be released in the next few weeks +* We’ll still be working on them over the subsequent weeks to release more features (better account control) +* We’ll also be open to feedback so please submit it if something’s not great and if there are enough voices, we’ll rework parts. + +&#x200B; + +**Other Answers** + +* We’ll be working on other features in the new year: live pricing and faster cash transfers into SelfWealth +* We’ll be then prioritising everything else to figure out what we’ll be working on next, such as options trading, IPO access and other features. +* We’re going to be redesigning the website (public-facing and trading platform) so it’s more in line with the app experience. + +&#x200B; + +Any questions, you wonderfully mentally-abled people? + +If you have any investment questions (i.e. investing in ASX:SWF) I can answer them here otherwise Rob (Managing Director) will answer them via [shareholders@selfwealth.com.au](mailto:shareholders@selfwealth.com.au). +With the fear of delayed paychecks it was eye opening to see/hear coworkers talk about the all taboo topic of money Monday. The number of 30+ year old well educated (and well paid) colleagues that realized they have saved too little and spend too much each month was eye opening. Talks of selling cars and boats if the shutdown continued because “they can’t afford them”. I felt blessed to have been taught by my parents how to save money and to have found this sub. So...thanks guys. +Seeing the post about Iran officially considering mining Bitcoin, I felt motivated to make this post as an Iranian. Cryptocurrency has changed the dynamics in Iran. The Iranian government's view on it has been quite lax compared to neighboring countries or other Muslim countries. There was either support for it or it was simply ignored since you couldn't really spend it on anything. On top of that, given the fact that Iran is disconnected from international banking, there was less concern from Iranian banks. (A bit ignorant, but I am not complaining) + +But things have changed drastically over the past few years. The increased sanctions and COVID have brought a lot more people towards crypto, including me. Crypto has a very unique situation in Iran, which I will try to explain briefly. The Iranian currency is currently the cheapest in the world (or one of the cheapest, as its unstable and can change daily). So if someone can earn dollars and spend it in Iran, they are going to profit a lot. We are talking close to 25x increase. This makes mining insanely profitable. Because you are going to pay for your electricity in Iranian currency, but you are earning dollars, because crypto exchange rate is based on western currencies, not Iranian. So electricity is dirt cheap to begin with, but you can get it even cheaper. + +There are ways to get free electricity in Iran. The government subsidizes businesses that have high electricity usage, so they get publicly funded electricity. So the owner of these businesses makes deals with individuals to buy hardware needed to mine currency (because the initial cost is very high due to currency difference), and usually one person with contacts overseas becomes the "broker" to be able to turn these cryptos into tangible money. People without these businesses tend to form mining communities where they work together to discreetly mine and turn crypto into actual currency and due to the fact that a lot of people are dealing in crypto now, you can actually find a lot of buyers locally, and don't even need to sell it to foreigners. + +So, this way crypto got introduced into society and a lot of people use it. Usually not as an investment, but as a currency you use to spend on things. Because in order to make an international purchase, you need to abuse a lot of loopholes, such as VPNs, middlemen and exchange rates. But now I can simply buy steam gift cards with bitcoin and use them to buy games. This applies to any international purchase. 60$ games used to cost a fortune, like an entire minimum wage income in Iran. Now they are widely available if you have crypto. + +The usual mishandling of the Iranian government in regards to the economy is bad enough, but in recent years sanctions and COVID have made it a three way hell. My life personally was hell because I could not make any international purchase and I could barely make ends meet. Crypto is so empowering. I am basically able to earn and spend money despite the efforts of both Iranian and American governments. In order to put things in perspective, I can use myself as an example. I am a lawyer and I earn more money from mining that I do practicing law. I am still working, but crypto is a great secondary income which I can use to make international purchases without having to pay half of my income for a 100$ purchase. We are still in bad conditions, but crypto provides a lifeline. At least for now. + +I am grateful for cryptocurrency and this community, because the livelihood of many people in Iran relies on crypto and information about it. Most people involved in crypto trade in Iran don't even speak English, but know that an entire country is thankful for it, and the value of crypto could not be clearer. An entire people neglected by their own government and sanctioned by half the world, left to basically starve and live in terrible conditions, continue to go on. In large part, thanks to crypto currencies. We practically have the power to defy the strongest governments in the world, the next step is THE MOON. + +Feel free to ask any questions. +Hi everybody, + +30-40 years old, 1 child, Europe. + +I own a small business: an online professional training company. Revenue in the 2-3m range, earnings around 1m, 15 employees. I owe it through a holding and I'm the only owner. + + +*I'm (really) wondering if I should sell or not.* The market value of the company would be around 10m + + +**Pros:**   + +* My business is fragile: if I lost some public certifications, it will slash my revenue by 70%. If it happens, I would feel like the dumbest fool not to have sold when the value was high. +* My goal in launching the business was (fat)firing. I could do this now by selling it. +* I would get 40-50 hours of free time per week +* 10M conservatively invested at 5% would get me 500k of personal revenue **per year for life** (or 350k after taxes). Which is, for me, an insane amount of money. It would mean true financial freedom for me. + +**Cons:**  + +* What exactly would I do with my free time? I like operating my business and making it grow is fun. I don't want to start from scratch again. +* I fear I may have a depression episode after selling, not knowing how to be useful anymore. +* I like the people I work with and it would feel like I'm abandoning them. +* Maybe I don't need 10M in cash? If all goes as excepted in 2/3 years I will have 2/3m in cash thanks to the dividends of the company, which is 100k / year after tax at 5%. + +&#x200B; + +What do you think? How to make such a decision? What are your experiences with that situation? + +&#x200B; + +PS : excuse my bad English, I'm a non-native speaker +The October inflation in the US was 6.2% on an annual basis, which is super high given the recent history of sub-3% rates. + +That said, I come from a place where people were high-fiving when they get anywhere 6% inflation. Double digits were the norm back there. When I was a kid we lived under hyperinflation which is a complete shit show, people get their paychecks and immediately go buy their groceries for the month. This is not a figure of speech, they really did go IMMEDIATLY because the prices were readjusted 1 or 2 times IN THE SAME DAY. Concept of savings was non-existent. Either you buy as much US Dollars as possible or put in some asset that has intrinsic value like real estate. The house I grew up was huge, and I learned that was not because my father was in a good financial situation, but rather it was the only option to dump all his savings before it lose half of its value in matter of weeks. + +Long story short, my bar is a bit out of place here... so should I be concerned with the 6.2% rate? My take on this: likely FED will increase rates, which will devalue bonds and stock prices. But then this should be already embedded in the current asset prices, so I don't think I should be doing anything with my portfolio here. +The following list contains every possible way I know to earn some actual, free cryptocurrencies. I avoided shady websites, apps that I didn't try personally, and those services that make you download shitty games and malwares. This list contains only trusted services, without any referral codes. + +If you think I missed something, please share it in the comments so that people can check that out as well! + +&#x200B; + +**Coinbase Earn** **\[about $30 in different cryptocurrencies\]:** + +This is one of the most popular ways, although it is not really the quickest. You need a Coinbase account and to complete verification (so photo + document). Once you are verified, you will be put on a waiting list that usually lasts a couple of days. + +Once you get accepted, all you have to do is watch a video explaining how a project works, and answer some questions about it. It is not anything hard and you can find the answers online. + +Right now, you can earn XLM, COMP, CGLD, GRT, NU, but they often update it with a new project so definitely keep the account once verified. + +[LINK](https://www.coinbase.com/earn) + +&#x200B; + +**CoinMarketCap Earn** **\[various cryptocurrencies\]:** + +Basically the same as Coinbase Earn, but hosted by CoinMarketCap. For this, you'll need a CoinMarketCap account (just needs e-mail and password) and a verified Binance account (which requires verification, but there's no waiting list once verified). + +The payouts are slower than Coinbase Earn, since they are distributed after weeks and not immediately. + +[LINK](https://coinmarketcap.com/earn/) + +&#x200B; + +**Faucets \[various cryptocurrencies\]:** + +This is one of the easiest and most immediate ways to get a small amount of crypto. You just need a wallet that can hold the coin and the relative address, and you're good to go. + +They're basically websites that distribute small amounts of cryptos to the users asking for it, and they're supported by donations/ads and stuff like that. + +There are a lot and you can often find them just by searching on Google "<name of the coin> + faucet". + +A [good read](https://coinmarketcap.com/alexandria/article/what-is-a-crypto-faucet) about them and some examples: [freenanofaucet](https://www.freenanofaucet.com/) and [Doge Faucet](https://www.dogefaucet.com/en) + +&#x200B; + +**Airdrops \[various cryptocurrencies\]:** + +An airdrop, in the cryptocurrency business, is a marketing stunt that involves sending coins or tokens to wallet addresses in order to promote awareness of a new virtual currency. + +They can be free or they might require holding certain tokens or doing small tasks. + +Airdrops happen on many different platforms and for many different coins, so it's often hard to find them if you aren't familiar with the community or the platform. Anyway, [Airdrops.io](https://Airdrops.io) is a good website that gathers the best airdrops happening. + +&#x200B; + +**Bounties \[various cryptocurrencies\]:** + +In the crypto world, it is a marketing strategy where an ICO allocates a percentage of their tokens for “bounties”. These are tasks that are open to the public to complete and their reward is the new token that is launching. Once the token is launched, participants of the bounty will receive their tokens. + +As you may have noticed, they're similar to airdrops. As airdrops, it is often difficult to find them. [This](https://beta.bounty0x.io/explore) is a good website that gathers some bounties that are currently active. + +&#x200B; + +**WeNano \[NANO\]:** + +This is one of my favorites, so I encourage you to check them out since the project is awesome. + +Have you ever played Pokémon Go? Well, this is a similar app, but instead of capturing Pokémon, spots are created by users around the world, and by visiting them you can earn NANO and chat with other users. The payouts are actually really good, especially in large cities, and the community around it is awesome. + +[This](https://www.wenano.net/) is the official website (it's available both for Android and iOS) + +&#x200B; + +**NanoQuakeJs \[NANO\]:** + +Another favorite of mine. It's literally just Quake 3, on your browser, and for each kill you get some NANO. I challenge you to find something cooler. + +[This](https://nanoquakejs.com/) is the website, you just need a nickname and a NANO address and you're good to go! + +There are some other similar projects, one of which is [PlayerKillers](http://playerkillers.exchange/), but I mean, Quake is Quake. + +&#x200B; + +**Reddit \[MOON, DOGE, NANO\]:** + +Yeah, Reddit. There are actually a couple of ways to earn crypto on Reddit. + +First, our favorite, MOONs. You just need to set up your vault (on the app) and you're ready to receive moons next distribution! They happen once a month, and a fixed amount of moons are distributed to the r/CryptoCurrency community, based on the Karma you gained that month. So start shitposting! + +Other subreddits, like Dogecoin's and Nano's have bots that allow you to tip users, so if you make a good submission there you'll probably receive some coins from kind redditors. + +Also, subs like r/dogecoinbeg exist, where you can... Well... Beg for dogecoins. + +&#x200B; + +**Publish0x \[ETH\]:** + +This is a really cool project that I personally love. It is basically a website like Medium, where users can post blog entries. + +The best thing about this is that the website provides the coins. You will literally earn crypto just by reading content on the website (which is crypto-related), sharing content and writing it (although you'll need to apply as an author to do so). + +[LINK](https://www.publish0x.com/) + +&#x200B; + +**SteemIt \[STEEM\]:** + +Steemit is a blogging and social media platform that uses blockchain technology and a cryptocurrency to reward its users for creating content, commenting, and upvoting other posts.  + +It is really similar to Reddit, [here](https://steemit.com/)'s the link + +[Cent](https://beta.cent.co/~discover/) is another similar social network built on top of Ethereum, worth checking out. + +&#x200B; + +**NFT marketplaces \[various cryptocurrencies\]:** + +Many websites offer the possibility to sell artworks, collectibles and in general NFTs. NFT, for the newcomers, stands for Non-Fungible Token, and means a token representing something unique. + +You can think of it as an art piece: although you can copy it, scan it and print it, there will only be one original copy. NFTs are used to verify and confirm the uniqueness of something and its ownership. So, let's say I make a beautiful digital painting, I can "link" it to this token and whoever owns the token, owns the digital painting and can therefore sell it or trade it. + +[KnownOrigin](https://knownorigin.io/), [Mintable](https://mintable.app/), [Rarible](https://rarible.com/) and [OpenSea](https://opensea.io/) are all great example of such marketplaces. If you're a creative person and want to sell some of your works, those are great places to do so. + +&#x200B; + +**Games and Collectibles \[various cryptocurrencies\]:** + +Many games run on a blockchain, using NFTs to create unique and rare in-game assets. Think of a card game like HeartStone: on the blockchain, it is possible to create only 10 cards of a specific type (using NFTs), so only 10 users in the world can own that card, so that card would extremely rare and therefore valuable. + +Usually, it is not easy to earn crypto this way, you'll need to play a bit before getting some good stuff that you can sell, but if you find a game that you like you can surely earn while having fun! + +Examples of games are [MyCryptoHeroes](https://www.mycryptoheroes.net/home), [EverDragons](https://everdragons.com/), [Axie Infinity](https://axieinfinity.com/), [Decentraland](https://decentraland.org/) and [Brave Frontier Heroes](https://bravefrontierheroes.com/). + +Some aren't even games at all, just collectibles that you can buy, trade and earn. Examples are [CryptoKitties](https://www.cryptokitties.co/catalogue) and [Clovers](https://clovers.network/) + +&#x200B; + +Endnote: especially services using NFTs on top of Ethereum are, right now, subject to really high fees that make it often impossible to trade these tokens effectively. Be careful when doing a transaction. + +&#x200B; +&#x200B; + +EDIT: +Some I forgot or didn't know about: + +* **Brave browser**: allows you to earn BAT just by browsing and seeing ads. Both on PC and mobile. +* **ethtrader and fortniteBR**: they're also subreddits with a governance tokens (like moons), so you can earn some money shitposting there too. +This is getting absurd. I've seen more posts and comments about eating or ingesting dangerous things, shoving something up their ass, or engaging in potentially illegal behavior to celebrate what are microscopic gains today than any other singular topic. Behavior like this makes the entire community look bad and just adds fuel to the fire that Redditers are a bunch of idiots only winning through strength in numbers. A couple weeks ago a big part of the community was willing to paint targets on their backs to say they're (insert prestigious profession here) and don't need the government regulating their investments. Now we have people so far on the opposite end of the spectrum that I'm just waiting for someone to try and launch an M-80 from their butthole and end up hospitalized or dead. Seriously, what in the actual fuck people? Mods please discuss adding rules prohibiting explicit or self-harming behavior from being posted on this sub. We do NOT need negative attention drawn here that can ultimately get this sub deleted because people encourage these actions and someone dies, gets maimed, or ends up in jail. + +I'm going back to eating my red crayons, I fucking miss the apes that enjoyed red crayons quietly and respectfully. Green crayons are a hell of a drug. + + +Edit: I wish I could say I'm surprised by the amount of direct attacks in response to this post, but I'm not. Besides the hateful comments from a lot of people who just recently joined, haven't voted, and have a very questionable account history, I've also gotten numerous threatening private messages and self help reports. I think I may have hit a nerve with the shills. I appreciate the folks speaking up in support. If the mods decide people are welcome to post explicit or harmful content here, then that's their decision and will send a clear message about what this community stands for. + +Edit 2: So to all those folks commenting that I'm a lone ape and this is not the majority opinion, this post is currently at over 4600 upvotes with a **92% upvote rating.** + +Edit 3: u/rensole has made an official statement stating that NSFW behavior like the banana thing are not welcome here. It would be really nice to see rules updated to officially ban this type of behavior. +I am thinking of making SCHD 100 % of my ira portfolio. I will be getting around 1400 shares with around $900 per quarter dividend. + +Tell me why It’s not a good idea. + +Age: 45 + +Risk tolerance: medium + +Time: 15-20 years + +I may sell some covered calls on this as well whenever it makes new highs. + + +My current financial situation: + +IRA: $110k + +I have a 401k account with $150k which is basically 70% SPY, 20% midcap and 10% small cap. + +I have another roth ira account with $20k split in megacap stocks. + +I have another taxable account with $15k invested in VTI. + +I have $30k in emergency fund. +I'm not close to retirement yet, but wanted to get a sense of what my goal should be in terms of total asset value. Would you just keep everything in things like SCHD or go for a CC ETF with higher yield? Are there pros and cons? I've seen people say everything from keep it all in SCHD to switch it to something like QYLD or JEPI. +I recently joined the sub and I finally decided to get a grip on my finances to allocate a portion of my income for investing. + +At 26 years old, Seeing all the younger ones here, I feel like I am a bit late to this whole thing. Am I being unrealistic? + +I will be investing 300$ per month + any extra OT money. + +Edit: As a means to make this journey more exciting, I have decided to publish updates on Youtube. I will not be posting the link as I am not sure if it respects the guidelines of the subreddit. +I see lots of people suggesting this one will rocket. But I’m not sure I understand the DD on it. Score has been around for a long time. What makes them more appealing now all of a sudden? Is it all tied to the speculation around the bill in the legislature this month? Is this a meme stock? +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! + +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +I’m freshly out of Uni and started to learn how to invest two weeks ago. Super excited as my portfolio has grown 6% now. +I know taxes exist but it just didn’t cross my mind that they’d tax your shares profits too. Now I just wanna kms +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +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). +Hello fellow theta gangers! + + +I’ve been making a lot of premium lately. I have around 200k and sell both CSP’s and CC’s and bring in 5k a week, (Yes, 5k a week) on average in premium. I’ve read many posts and see that many people say that it would be possible to live off premium when the market drops or there is a extended period of time where IV is low. These scenarios all make sense why premium return would be low, but how low are we talking? The lowest return I get is on my Apple CC’s. It’s usually .05-1% a week. Would my return really get lower than this? + +Also, any theta OG’s out there remember what the premiums were like during the last financial crisis? Were returns really that bad? + +Thanks in advance!!! +As far as I can tell, they are both effectively a sales tax, and yet just about all sides of politics and economists seem to agree that one is good and one is bad. + +I don't get it. Please educate me. +For the past 2 earnings, it seems that every news source or comment I’ve come across has been bearish on INTC. I agree that they aren’t executing as desired, and there are more than 99 reasons to hate on the stock. But can I hear reasons one should consider looking at the stock symbol? +I posted a broader question in r/germany ([link](https://www.reddit.com/r/germany/comments/cdhwan/software_qasdet_got_an_offer_to_move_to_germany/)) but thought it might be worth to ask around here and focus on the financial aspects. + +&#x200B; + +TL;DR: Got a job offer to move to Berlin along with my husband. He will be unemployed for the foreseeable future (he'll work hard on getting a job but better plan with the worst scenario in mind) and we're trying to see how comfortable/not can we live with the offered salary. + +&#x200B; + +As we stand right now we have: + +* Offered salary -> €60.000 a year. +* Company stocks -> €40.000 in stocks over 4 years (not counting this for the day to day but probably worth mentioning). Company is public in the German market. +* Current savings -> About US$41.000 cash + a good chunk of equity from my current (also publicly traded) company but I don't expect to need that. + +&#x200B; + +So, I can easily affront the relocation costs (which the new company will be paying/refunding anyway) and afford all the one off expenses of moving like security deposit for a flat, living there until I get my first paycheck and overall just enjoying our new city like tourists which will come with a higher than usual level of expenses. + +&#x200B; + +What I wanna know is... after the dust is settled and we moved into a more 'local' life style rather than being tourists and wanting to try out everything. Is \~€3200 a month good enough to live + go out once a week or so + buy random crap every now and then or save?. + +&#x200B; + +Some more specific info of what I'm thinking about: + +* 2 Persons. I will be working while husband will not at first. He's gonna be looking for a job but also focusing on learning the language. +* Will be renting. Don't really care for it to be downtown/2 blocks from the office. I have a 40 minute commute here now and I don't mind keeping something similar. Ideally the apartment would be 1 Bedroom+Living room +Kitchen... maybe some extra small room but we're not that picky really. No plans on kids in the near future haha. +* Utilities of course. +* Basic stuff like mobile service for both, good internet connection at home, gym for both and monthly public transit passes. +* Not so basic stuff like Netflix, some music service. +* Healthcare if I need to pay extra to cover him. +* Going out once or twice a week. We're not the 'fancy' kind of people so this could just going out to a bar or stuff like that. +* Whatever you guys think might be important that I'm missing. + +&#x200B; + +I know it's a vague guideline but not sure how to describe that level of spending haha. I was referred to [this site](https://www.numbeo.com/cost-of-living/in/Berlin) a lot fo guidelines and using their estimator with stuff like "3 bedroom apartment + gym/transit + going out 25% of the month + some other settings" it adds up to \~€2900 a month. + +&#x200B; + +Thanks! :D. +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! + +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. +My father wants to donate $100-400k to charities this year, then millions on his death. He has asked me for advice on specific charities. His priority is helping the environment. + +I found [GiveWell.org](https://www.givewell.org/) which makes evidence based suggestions, but only for helping people. + +**What would you recommend as the** **best charity to help the environment?** + +Or are there other concerns I should raise with donating millions? +Look. We have all the TA and DD layed out here but on top of that - I just realised the most simple thing from this whole saga. And I think it tells the whole story here. + +Just ask yourself - why would all these people jump from executive positions from one of the biggest tech companies in the world to get on board of GameStop? Think about it - AMZ has a market cap of 1,77T and GS is at 15B (that is **118x smaller**). AMZ is not going to crash (or is it?) and there would be a lot bigger companies for these people to jump into. + +These people didn´t work their asses off to get to an executive position in Amazon only to jump on board of a brick and mortar (or a small e-commerce) company which they know is attacked by the full force of Wall Street. If you were to pick a company to move into from as an executive in Amazon. **Would´t this be like the worst career suicide ever?!?** + +So either RC is the best negotiator in the world, every other big tech company in the world is about to crash or **there is something so compelling in the playbook they could not resist it.** + +Now I dont know about everyone else but after I realised this simple thing my tits got more jacked than ever. We are going to the moon one way or another. **Because these people know there is a 0% chance this going nowhere else. And they have seen the playbook.** + +Edit: The new hires [https://gmedd.com/transformation/gamestop-hiring-frenzy-continues-new-vp-of-merchandising-from-amazon/](https://gmedd.com/transformation/gamestop-hiring-frenzy-continues-new-vp-of-merchandising-from-amazon/) +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! + +Original post: [https://www.reddit.com/r/financialindependence/comments/cdhsr5/being\_retired\_while\_my\_future\_spouse\_works\_toward/](https://www.reddit.com/r/financialindependence/comments/cdhsr5/being_retired_while_my_future_spouse_works_toward/) + +Original Post TLDR: I \[35m 1.5MM NW\] and my fiancée \[35f 0 NW\] are engaged. I gained my net worth by working abroad in Bermuda (8% income tax), housing expenses covered, high salary, great USD to CAD exchange rate. I retired just before getting engaged and wanted to stay retired while my fiancée worked toward FIRE at her own speed. + +Options at the time of post: + +&#x200B; + +1. Homemaker while covering expenses allowing fiancée to save her needed 1 MM for retirement, estimated time to FIRE 10 years. +2. Work on a gig/ part time basis until we save another 1MM estimated time to FIRE 7 years +3. Work with her in our current country (Canada) to save 1MM, estimated time to FIRE 5 years + +It has been about half a year since my initial post and my fiancée and I have come to a pretty happy, unexpected solution. I offhandedly commented how it was too bad she didn’t work abroad while I did otherwise we could both easily be FIRE already. She responded asking why we don’t just do that now. That is when I realized she might be marrying an idiot. Most people I spoke to/worked with, hated the working abroad life and my fiancée never showed interest in it so I assumed that it was never an option for us. As I have worked abroad in the past I have an established network so I could help her with finding a job abroad. My fiancée and I have secured positions abroad (starting in March) and this should speed up our estimated time to FIRE to about 2 to 3 years. We have decided to push the wedding back until we are FIRE but more importantly no longer living abroad just to make wedding planning easier. In the end I could make peace with the fact that I could leave retirement for only 3 years and we could secure our future. + +Total Compensation as a couple and VERY rough FIRE estimates: + +350k USD + +Rental expenses covered by employer + +Absolute worst case scenario yearly expenses 80k per year (again housing is covered but VHCOL) + +This should result in us saving 240k USD as a couple after taxes and expenses which translates to roughly 310k CAD. + +&#x200B; + +EDIT: I have gotten multiple DMs asking how I got the first position abroad and how they can recreate this. Unfortunately my experience getting the job was uneventful as I simply googled "actuarial recruiters bermuda" and applied through recruiting agencies. If you are looking to work abroad similar to what I did my only advice is to find locations where your professions are well paid search for recruiters relating to your profession and the region you are looking for and apply. Alternatively you can always work in a multi national company within your home country and transfer internally. This is really the only advice I have for securing a position abroad as this is all I did. +Part 2 of https://old.reddit.com/r/thetagang/comments/sbqy0d/hot_damn_i_just_sold_so_many_puts/. Part 1 earned 1% in the past month while the market returned around -7%. + +I'm going to write puts on mostly the same companies as last time with strikes 30%+ under the market price (targeting March 2020 lows), targeting 15-30DTE. +The Most Popular Tickers on Reddit for Today, 2020-11-18. + +#Trending Tickers + +Ticker|Mentions|Bulls|Neutral|Bears|Price|Change|P/E +:--|:--|:--|:--|:--|:--|:--|:-- +NIO|779|29.30%|59.01%|11.69%|45.06|-3.28%|- +PLTR|592|32.78%|59.85%|7.37%|17.90|0.28%|- +BABA|300|35.80%|58.37%|5.84%|255.83|-0.38%|52.11 +TSLA|267|32.26%|59.68%|8.06%|486.64|10.2%|- +BA|218|35.12%|53.17%|11.71%|203.30|-3.21%|- +SPY|201|24.60%|58.29%|17.11%|356.28|-1.2%|- +RIOT|152|33.57%|63.64%|2.80%|5.25|-13.72%|- +CCL|76|21.13%|53.52%|25.35%|17.59|-2.55%|3.74 +GOLD|65|22.03%|72.88%|5.08%|24.46|-3.59%|- +NET|64|27.45%|60.78%|11.76%|64.48|-2.24%|- +DKNG|56|25.93%|70.37%|3.70%|47.68|2.3%|- +PFE|53|17.39%|71.74%|10.87%|36.32|0.78%|13.58 +AMZN|51|22.45%|63.27%|14.29%|3105.46|-0.96%|135.7 +MA|46|15.38%|79.49%|5.13%|335.94|-0.17%|42.22 +MSFT|44|30.00%|65.00%|5.00%|211.08|-1.58%|37.56 + + +#Trending Contracts + +Ticker|Strike|Type|Date|Mentions +:--|:--|:--|:--|:-- +NIO|$50|CALL|11/20|5 +CCL|$17.5|CALL|1/15/21|3 +NIO|$60|CALL|11/20|3 +NIO|$46|CALL|11/27|3 +PLTR|$24|CALL|2/19|3 +RIOT|$7|CALL|12/4|2 +TSLA|$500|CALL|11/27|2 +CCL|$17|PUT|11/20|2 +PLTR|$15|PUT|11/27|2 +BA|$200|CALL|11/20|2 +ACB|$4|CALL|1/21/22|2 +CRSR|$100|CALL|11/20|2 +PLTR|$20|CALL|12/10|1 +PLTR|$20|CALL|2/11|1 +K|$90|CALL|1/21/22|1 +CRSR|$30|CALL|12/18|1 +C|$30|CALL|1/21|1 +UPS|$170|CALL|1/21|1 +FDX|$280|CALL|1/22|1 +DIS|$140|PUT|12/18|1 + + +#Other Information + +Subreddits Searched: wallstreetbets, investing, stocks, stockmarket, options, robinhood + +Comments Searched: 17553 + +Unique Tickers: 264 + +Total Tickers: 7238 + +Unique Contracts: 86 + +Total Contracts: 163 + +Financial data provided by [Vhinny](https://www.vhinny.com/). + +View daily trending tickers on r/RedditTickers. +Hello everyone, + +I decided to try delta hedging to see what it feels like doing the same thing market makers are doing as I've been told. I decided to adjust delta position once per day (every 24 hours). Let me jump straight into the exact trades I did. + +1. I started by selling 1x AFRM Nov18'22 17 PUT on Monday (Nov 14) around 2 PM and got $1.10 worth of premium. At the moment I sold it, the delta was 0.56, so to delta hedge, I also shorted 56 AFRM shares at the price of $16.74. + +2. On Tuesday, AFRM went up 12%. At around 2 PM, I decided to follow through with my experiment and adjust delta. Delta on the put I sold was now 0.35 so I figure that I need to close 21 short shares (from 56 to 35) to stay delta neutral. At around 2 PM on Tuesday, AFRM was $17.80 so I booked in a loss of (-16.74 + 17.80)\*21 = $22.26. While the put I sold was green, I figured that I need to lower my delta exposure on the short position because if AFRM kept going up, I'd be in trouble. + +https://preview.redd.it/fh6npp2cyd0a1.png?width=665&format=png&auto=webp&s=f9a40960656f76d162b817e1a115786954955b27 + +3. On Wednesday at 2 PM, AFRM was down compared to 24 hours ago. The delta on my short put position was 0.84. To stay delta neutral, I figured I need to increase my short position again going from -35 AFRM shares to -84 AFRM shares. The extra 49 short shares were sold at the price of $15.05. + +https://preview.redd.it/92xcrt98zd0a1.png?width=668&format=png&auto=webp&s=9adb7c81b22e0b95008e1a8c74480f7d60a08253 + +While I'm planning to run my experiment until Friday, I'm confused how does delta hedging benefit anyone at all? It seems to me that you need to book losses on your short position, when the stock goes up, while you keep re-entering the short stock position when the stock goes down. Say AFRM just oscillates between $16.50 and $18.00 for a few days, it would mean I would be adjusting delta every day, and pretty much book losses on every day from adjusting. Someone might argue that market makers adjust their delta by the hour or the minute, but even in that case, the problem still stays - if stock goes up, down, up, down: you would constantly book losses as you adjust your delta hedge. + +My question is, how do market makers delta hedge and how does it benefit them? + +Thank you in advance. +PSA: DO NOT USE A SELL MARKET ORDER DURING THE SQUEEZE!! USE A LIMIT SELL!! + +the squeeze is inevitable and while we are quibbling about the floor I figured this was probably the most important information FOR ALL APES TO KNOW. During the squeeze, I would be shocked if all the bid prices magically vanish. Why is that relevant? if the price is climbing rapidly and starts hitting 1k, 10k, 100k, 1m, 10m, etc and you apes start getting really excited, you're thinking hmM MaYbE I ShOuLd SeLl now, and then press the big red sell button on your app, what happens. simply: the order gets filled at the highest bid, well if the hedgies are being liquidated on market orders but the retail buy order of 255$ 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 +Got a new insurance quote and the broker was saying they push to have Umbrella coverage equal to your NW. I'm a personal injury attorney and I see the logic in that, but it also seems excessive. My biggest claim to date resolved for $2.2M and that involved catastrophic injuries with a DUI. Regardless, out of an abundance of caution I bumped it to $3M, but how has everyone else approached this? I'm probably worth somewhere between $5M and $10M depending on how generously you valued my law firm. +Hi everyone. After becoming financially independent many years ago and having retirement on the table at any point so to speak, I find myself in what many would consider a cushy c-level exec role at a job I don't really need per-se, overseeing my industry niche for a medium-enterprise brand. I manage a big team and deal with a lot of interesting personalities, talent, vendors, partners, etc. throughout my day to day, but it's all relatively easy and doesn't require much effort at this point since I know the ins and outs of the industry niche extraordinarily well. I have unlimited PTO and actively pursue my hobbies and dreams and spend a lot of time with my family and friends. + +&#x200B; + +I painstakingly worked through the ranks at many different companies through very junior roles, to mid-level management, to director/VP level, and now to the top over a 20 year career starting in my late teens. So it's essentially on autopilot and honestly doesn't even feel much like work since the industry is and has been a personal passion of mine as well. Being that I have decades of relevant industry experience in a continuously growing field, I find myself wanting to continue applying these skills and passion/desire to a company or team and that's why I haven't pulled the ripcord just yet. + +&#x200B; + +However... Almost suddenly it seems (last 6-12 months perhaps?), I am suddenly appalled and almost disgusted by the amount of corporate bullshittery that exists in today's world and corporate environment. It's just mind blowing to me that people are willing to work under these conditions. The push for clueless CEOs to get everyone back into a clunky old office, the constant desire to micromanage and check-in on every single little thing everyone is doing, the endless financial engineering and hacking away to save $0.07 cents per unit sold, numerous blatant HR violations and slandering of employees and staff, the constant talk and actively performing layoffs (while giving others raises at the same time), general mis-management of teams and performance, a lack of understanding and just flat out bad ideas coming from around the table (i.e. investors, partners, other leadership, etc.). I am financially independent from re-investing all my earnings into real estate, investments, bonds, and such; and of course always saving more than I spend so I have no problem up and leaving but it just feels like every company these days has reached peak corporate slavery where the nonstop back to back meetings all day and all week are constant. I don't attend 3/4 of them but watching people become so frustrating over continually attending these force-fed meetings is tough to observe. + + +I am trying to decide which direction to take, whether it's to find a more relaxed company with less exposure to some of these factors (smaller company, perhaps?) but I am not convinced that it's possible; I think every org will have some collection of these negative factors that make working for them disheartening. Maybe taking a step back and going more mom & pop or family ownership is a good direction? Of course the obvious answer is to start my own company; but also requires quite a bit of sweat equity to get involved with something intelligent and to run it in a passionate + profitable way. + + +Has anyone else been feeling these pressures lately? And if so what direction did you take or planning to go? Are you trying to start your own gig on the side and grow it into a self-sustaining business? Tough it out at your current role until "things get better"? Switch roles to another company? +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! + +I have an account with Fidelity with a Roth IRA(12k) and a taxable account(18k). I am in my mid-twenties and am willing to hold positions long term. + +With that said, is going with SPY the most optimal way to invest in an index fund? Should I instead go with Fidelity’s own index funds? + +**Edit:** + +I found this index fund comparison chart between Vanguard and Fidelity: [https://www.fidelity.com/mutual-funds/investing-ideas/index-funds](https://www.fidelity.com/mutual-funds/investing-ideas/index-funds) +Hey there, I am a discretionary vol trader with no coding experience aspiring to become a data scientist and I'm looking for a suggested curriculum based off of your experience! My hope is to become a self-employed retail quant options trader/quant researcher. + +So far, my only coding experience has been excel (lol) and the free part of dataquest which covers up to **Lists and For Loops (I can calculate an average value from a large table in less than 10 lines of code, woohoo)**. I really like how dataquest is going and I may just purchase the full thing once it goes on sale. Right now I am struggling with finding coding content that only pertains to/specializes in finding insights/hypothesis testing/backtesting strategies - it's either unneeded information (e.g., irrelevant functions) or there's too many options (courses/books) to choose from! + +I am wondering if any options traders who are now applying data science to find positive expected value trades, manage a profitable book controlling all their greeks, and developing sound signals to trade in different market regimes (mean reverting/trending, high/low vol, long/short vol, and so on) can share a distilled recommended curriculum to go about learning coding/data science. + +Now to make it easier to get some recommendations, let's say I wanted to: + +* Test a simple moving average crossover strategy on $SPY, find it's PnL/win rate/R:R/sharpe/drawdown, compare to buy and hold $SPY +* Quantify news/twitter/reddit sentiment and find out how much it correlates with VIX +* Test whether a 30 delta short $SPY put is more optimal than a 10 delta put at various VIX levels +* Long stock vs. short puts, find when does one typically do better than the other +* Find out if mentions of wait lists/back orders/lines at retail stores for graphics cards has true predictive value on $NVDA earnings/stock price or even $BTC/USD +* Fed/OPEC/political news impact on $SPY or bond vols and whether there is any leading-lagging relationship +* Seeing the impact of missing the 10 worst days in the stock market AND the 10 best days vs. buy-hold, or missing the 10 worst days and the 5 subsequent days (selling but getting back in a little late) vs. buy-hold +* Testing if a strategy's PnL is due to luck, noise, or some other factor not under my control (statistical robustness) +* Stress-testing so I don't blow up from some unlucky string of events, finding weak points in the strategy or when the alpha has dried up (hypothesis testing) + +These are all simple enough from a trading-level (for me) that I feel like I would be able to attempt these as coding projects. + +I have seen some recommend learning datacamp/dataquest and moving on to quantopian (maybe they were referring to the lecture series) in some older posts. Anyway, **if you were a trader and learning to backtest/find statistical insight/forecast knowing what you know now, what would be the minimum content you'd recommend, and in what order?** + +Thanks! + +**edit - Wes Mickinney's Python for Data Analysis has a section at the end of the book which covers what feels like so far the minimum and most relevant lesson regarding Python code to get started.** + This is the official $GME Megathread for [r/Superstonk](https://www.reddit.com/r/Superstonk/). Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) + +on how to get it. + +[announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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So many people told me NOU was a better buy, well GRAT is about to overtake it in share price. Let’s go! I’ll see you all on the other side at $5. +I dont, but I do have a margin account for other strategies so was thinking it might be worth using the margin account for all strategies at this stage. + +How do you make sure you're not over-leveraging? Is there a way or do you just keep an eye on the total BP usage? Or what do you do? + +Thanks in advance + +Edit: +Positive takeaways: a lot of people said definitely do it as long as you make sure not to use over a certain amount of buying power or calculate the amount it'd cost if all positions were exercised and make sure its not more than your account balance. +Side note some people did praise margin when working with Futures + +Negative: don't use margin unless you know what you're doing with it. +Browsing stonkies looking and pricies, I see Facebook has taken a little dump: + +https://preview.redd.it/ef5z4th9whf81.png?width=1222&format=png&auto=webp&s=658981ce8150cb61b63cc39e858b6c1d52b6d7a5 + +Well, serves them right, those bastards. + +What else have we got? + +Apparently no one likes listening to music anymore, cause Spotify is tanking, too. + +&#x200B; + +https://preview.redd.it/vp6zqopewhf81.png?width=1204&format=png&auto=webp&s=26c8d7e665ed6040cc1f1f40ad0c6c79296e2f1b + +What about one of the retail giants, Shopify? Tanking? Sure, why not! + +&#x200B; + +https://preview.redd.it/5mfnz47jwhf81.png?width=1194&format=png&auto=webp&s=98038cc2e95894442756e296a5659549716cf61d + +&#x200B; + +Let's find another random company in tech, Roku. What do you know... down 10%. + +&#x200B; + +https://preview.redd.it/n2g783ylwhf81.png?width=1158&format=png&auto=webp&s=5f9cec0ecc489e8d995a7265c0091277ebf1eead + +How about those dirty Snapchat kids? Down 17%! + +&#x200B; + +https://preview.redd.it/6jw93bdmxhf81.png?width=1114&format=png&auto=webp&s=99690db31ec327d3067100bb7a9c494e7afa634c + +&#x200B; + +Now how about Pinterest? First it was down 10% in aftermarket, then suddenly, BAAAAM, UP 103%!!! + +https://preview.redd.it/pm5q9veswhf81.png?width=1200&format=png&auto=webp&s=157e7f2ec987f47b7e25cc9ecd9bb31cd3155cdf + +A second later, back to being down 10%: + +&#x200B; + +https://preview.redd.it/n4wez6mywhf81.png?width=1096&format=png&auto=webp&s=648ba79ffb37fb900359ca9a16b239677b2b2eff + +But I caught the action on the chart, too: + +&#x200B; + +https://preview.redd.it/kyxunam0xhf81.png?width=2500&format=png&auto=webp&s=e07392d5bbee8e98d2ad3828df6e5340dfd23875 + +Business as usual, folks. Just another day in paradise! +This [article](https://www.chartr.co/2020/a-year-in-charts) (chart 13) goes back through the last **10 bear markets,** defined as when the **S&P 500 Index falls more than 20%** from its previous high, to see how the 2020 bounce compared with history. It reveals two things about the 2020 bear market – that it was simultaneously the **sharpest decline** and the **sharpest bounce back** of any of the last 10 bear markets. +I'm working on a commercial building that I purchased recently, came to find a stop work order on my door. We have permits for exterior work but not interior as we aren't doing much, but some of the work would require permits. + +Called the inspector and he says he entered the building, asking him how and when since I never saw him there, he states that the door was halfway open so he walked in. There is just no way we would have left the door open, plus it has a spring hinge to automatically close. + +Debating on calling the head of the permits/inspections dept. Or going ahead and filing a police report for basically breaking and entering. + +Any suggestions? + +Update : 11/3, I just spoke to the inspector and he said the door was locked so he tried the lockbox which for some reason was set to the combination so he took the key out and proceeded to enter the property. I told him that the majority of work were doing inside does not require permits and I'd get the necessary permits for the addition work. He seemed to change his tone once I mentioned I felt as though he entered my property illegally. I'm still not 100% sure if I should do anything about it or not. +On my own and trying to buy a house. I have 60 deposit and on about 32k a year. + +It seems I can borrow about 133k which any small +Terraced house in the area close to work is 220k. Seems just not enough to get on the ladder unless you buy a small flat. + +But I’ve seen some people buying a house on their own for 230k but obviously don’t know their deposit. + +I’d need to borrow 30k from parents at this rate and I’m living at home to save money atm. + +Any suggestions? Mortgage broker said that’s the max? I did look on money supermarket and see you could get more but I guess that’s not actually going through the application. +Two months ago when Bitcoin hit its all time high of $69k, pretty much all you would hear from people around here was that the days of Bitcoin below $50k was a thing of the past--with members posting all these ~~astrological~~ TA charts proclaiming how the 'maximum pain' from here on forward was around the $55k mark. + +But what caught my attention more than anything was all the people whining and complaining how they 'wished' they had bought in when BTC was in the low 40s and how they had missed that glorious opportunity. + +Well fellas... its time to put up or STFU cause that time is today. But judging by things around here I am guessing the modus operandi is going to be more and more whining, this time about how they 'wished' they had sold. And then a couple of weeks or months from now when the market recovers (as it always does) we'll have the same people whining about how they missed that golden opportunity of buying low yet again.. no wonder we have that prophetic joke about buying high and selling low. + +I think its about time to disrupt that problematic pattern of behavior. +Hi All, + +My parents currently own an investment property valued between $650,000 - $700,000 and have a loan amount remaining of around $250,000. They want to give me the property however I will take over the loan to take the pressure off them. I will then pay off the loan however they will receive the rental income, which I am happy to do as I get the asset and the equity gifted to me. I have done my research and see this can be done as a favourable purchase. + +A bit about me - I am 22 years old and still living at home. I work full time and earn around 60k a year. + +What would you do in my position ? Would you take the property and the loan ? My thinking is this is great opportunity for me and when I come to buy my first actual home, I can use the equity from this property to help me. + +Thanks All + +Edit: Wow I didn’t expect a response like this. Let me clear a few things up with everyone. I am 22 years old and will be living at home for at least the next 5 years. I am on 60k a year but reckon I’ll be on at about 100k in the next 5 years if I keep going at the rate I am. The point of this transaction is too take some stress of my parents in terms of the their loan amount - it has nothing to do with access to pension as both won’t be eligible for pension for at least 7 years. What my thinking is - its a win, I get the equity which will set me up to buy my first proper house when I am ready to move out and start a family while also reliving my parents from the loan amount they pay every month. I don’t have much expenses as I save 2-3k a month into my savings account. CGT and stamp duty have all been taken into consideration. I understand things can get messy with family, however these are my parents who would give the world up for their kids, they have bought three investments property and own their current house with the intention of given each kid (3 kids) a house when they pass away. I am thinking off doing this to get into the market quicker and set my self up for a better future. Hopefully this clears a lot up. + +Edit 2: I will pay solely on the loan amount and my parents will pay everything else to do with the property including maintenance and all property. The money will go into an account with my name on it where my parents will have access to it. +FatYoshi is currently sitting at $5k market cap at the time of this post, but no doubt it will have risen since then. The token is growing at an increasing rate due to the active and growing tele community, but you're still early! Community lets get together, there's plenty of potential for growth! + +Holders are rewarded with this token, so the earlier you get in, the better. The tokenomics are written below, so it's recommended you get yourself familiar with those before getting into the coin. + +Come join our active telegram! Dev is in vc answering questions + +https://t.me/NewRandomToken + + +❇️❇️Tokenomics: + +Token Name: FatYoshi + +Ownership Renounced ✅ + +50% burned 🔥 + +5% fee returned to liquidity to ensure the coin is thriving + +2% fee provided to all holders to reward them for their diamond hands 💎 + +As always, do your own research with the information that has been provided and ask any questions you may have in the telegram as the community seems welcoming and informative. + +⚡️⚡️⚡️ Contract: + +0xe318c42556c59bd092a2293476fe6c2e66c40971 + +Pancakeswap: V2 + +https://exchange.pancakeswap.finance/#/swap?outputCurrency= 0xe318c42556c59bd092a2293476fe6c2e66c40971 + + +🔥🔥LP is burned: + +https://bscscan.com/token/0x0d64556C33e22Ea5EF8A20529eA89F9cE45E2086#balances + + +Ownership renounced: + +https://bscscan.com/tx/0x54e45f9480e786e3fc3cfd7d556f0ad506e06d6c7b3f2c4eb897a09151b6eda7 + +✨✨ Telegram: + +https://t.me/NewRandomToken + + +This is completely rugproof, check all the scans for yourself, if you want to jump on board get involved in our telegram! + +See you there 🚀🚀 + +We flying baby +I just don’t really see what they add, other than marketing and some basic negotiating, which you could do yourself. + +I don’t see what warrants a 2% commission. Is it legal to sell without them? + +Edit: this or assuming you go through a legal agency and get all the proper legal contracts drawn up yourself of course +[https://www.smh.com.au/national/house-now-super-later-life-is-too-short-to-delay-purchase-20220516-p5alpr.html](https://www.smh.com.au/national/house-now-super-later-life-is-too-short-to-delay-purchase-20220516-p5alpr.html) + +This seems like terrible financial advice to me, and we should be asking why the SMH are publishing opinions from randoms who are not financial or economic professionals about hugely important policy topics like this. + +What are your thoughts? +Everywhere I go I see price increases, places state their disributor increased the prices. For example, theres a special toothpaste I use from my local dentist, it used to cost $12, now its $20. The prices of used cars have skyrocketed. The local motorcycle dealers cannot get any stock and I am unable to buy a bike, as everything is sold immedaitley. All used veichles are selling for ridiclous prices. Everything seems disrupted. There are wanted signs everywhere for labor. + +When do you suspect production of goods and services return to normal to meet demand? Do you expect a change in QE or increase in interest rates? Do you suspect the production side of the economy to rebound and meet demand (and when?) to cease the current price gouging and increased costs of goods, or do you suspect this to be the new normal? + + +[https://communities.win/c/NoNewNormal/](https://communities.win/c/NoNewNormal/) +Just wandered over to GME_meltdown subreddit. Top post over there was a screenshot of a post of a user (ostensibly, an Ape) who was advocating for a public lynching of a certain villainous SHF owner. All the comments were about how we are going crazy and turning into QAnon. This is not something I have seen here (and I’m here a LOT). Nonetheless it is important that we report and downvote any such comments, whether from fellow users or (most likely) shills trying to mislead others about who we are and what we stand for. + +Advocating or glorifying violence of any kind toward another human simply cannot be tolerated on this sub. Apes don’t stand for that. + +Corporations, on the other hand... I can personally can stand can advocate for the complete dismemberment and torching of every single one of Shitadel’s slimy tentacles. But I’m not about to say that about a person. +Hi All, + +I’ve been looking in to long term investing in to EWI, SMT and PHI, with a percentage of SMT - 40%, EWI - 30% and PHI - 30% + +But looking in to the holdings of EWI is anyone concerned about them being in a bit of a bubble with some of the bigger holdings like Zillow, Ocado and Tesla, I know SMT also holds Tesla but have cut it down to similar positions but I found EWI to have more bubble related stocks whereas SMT potentially is heading in to more genomics stocks which I think will be the growth in the future. Watching some of the EWI AGMs this morning, it seems like they’re investing in to more space related stuff but at lower percentages which is the future also. I also like how EWI do invest in things like Teledoc but it’s at such low percentages that if the bubble did burst for EWI you would see more of an impact. I like PHI because of the exponential growth opportunities in Asia and I can only see them getting better. I’m in 2 minds whether to go 70% SMT and 30% PHI or the above percentages with EWI in it + +Would like to see what people’s thoughts are on EWI being invested in to it, thanks in advance! +One common mistake I often see is always equating drops in price of shares to drops in price of normal goods; the idea that the price of a company decreasing in price is equivalent to a packet of chocolate biscuits decreasing in price. + +This ["It just got cheaper - I'm going to buy more!"](https://www.youtube.com/watch?v=TpCb3xjh-Kk) mentality is flawed. Because the future prospects of that packet of biscuits are a lot more certain than that of a company. Barring some type of baking error, you know what you're buying when you add that packet to your shopping basket. You know what you're getting: eating them all at once and hating yourself for doing it, most likely. So when the price of biscuits drops, it's usually a good thing: you just got a *known* product for a lower price. + +The same cannot be said of a company. Price is much more subjective. People can value the same company completely differently based on what they know, their analysis, and their view of the future. Value changes based on a consensus view. This is why the price of companies changes a lot - this view changes as the company at the surrounding environment evolve. + +Price is informational. Highly informational. In fact, it represents the aggregated information of all market participants at any point in time. When this price drops, unlike chocolate biscuits, this *may* be an indicator that the company is worth less. I italicised 'may' because this price is not always correct. Markets aren't perfectly [efficient](https://www.investopedia.com/terms/e/efficientmarkethypothesis.asp). Sometimes the price is wrong because of [FOMO](https://www.perpetualprudence.com/why-you-participate-in-bubbles/) or [FUD](https://en.wikipedia.org/wiki/Fear,_uncertainty,_and_doubt) or a particularly strong financial quarter for the company or whatever. + +And that's the game, really: trying to [determine](https://www.investopedia.com/terms/d/dcf.asp) if the price of a company represents "intrinsic value". + +One recent example is [Coinbase](https://finance.yahoo.com/quote/COIN/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAALskSatihXas1wx8t_TEPuSU6hp8xTwgywxedgVQQ10dKytvhguIfWgHoBST-aSYpvepgYGzwWANs9dxPk-6TjAzVQDTroPAtvfk75HkyVgqXT5oKBfWQ-3tuDYujcMGk_ALUsHe-HNVRgLODcSCSbCmrC7wV63rUPT7XxowLabE). Did they just get "cheaper"? Or did the company prospects deteriorate? + +It's hard to say. + +\--- + +My point is that be careful when automatically preaching that some company got "cheaper" when the price drops. These are not like normal goods. Price is more informational. +Inflation seems to be on a downward trend in the US - now at 6.62% after peaking at 11.95% in April according to [Truflation](https://app.truflation.com/). As for UK it has been increasing so far but now seems to be tapering off at 17.14%. + +Not going to lie, from the start of the year I was expecting some big companies to go bust leading to a mass liquidation in the markets. We have had our troubles with the pension funds tip-toeing at the edge of collapse, Credit Suisse seemingly destroying its balance sheet, and some crypto exchanges/lenders/funds becoming insolvent. But none of that so far seem to have cause a cascading market wide liquidation, bailout or panic. + +Is it reasonable to conclude the troubled days are hopefully behind us for the time being, or would you expect the worst yet to come? I scaled back my portfolio to a more defensive strategy but with the current market some growth stocks are looking rather tempting for long term hold. In the past my strategy has been to dollar cost average, but at the moment keen to hear what others think of the current market. +OK, let me tell you that I don't know much about economics. I just read the news and watch the discussions. From what I have seen so far there is a fundamental difference between libertarians and socialists. Libertarians/free market capitalists don't trust the government and say too much power to it can destroy the economy but letting a market be free and it attains economic stability on its own. Socialists on the other hand seem to think that government is necessary and that giving power to only private companies creates a lot of inequality and poverty. + +Something that is common between the two is that they think giving power to one yields a different economic scenario than giving power to the other. According to Economics, why is it so? What is so fundamentally different that giving power to individuals in the government have different consequences than giving power to individuals of a company? Aren't they both humans? Why do they act differently in different organizations? +When I lurk this sub I get disheartened by all the people quoting their easy breezy software developer/tech gigs earning $200k+. + +But I don't even understand how people don't mind working in corporate jobs full stop. I kind of cringe when I see people talk about how they "just fell into coding" or how they "enjoy writing up legal documents for clients" etc. + +Coming from IT/consulting I couldn't fathom someone actually finding motivation to do that work (no offence if you do). + +Does anyone do something besides IT or generic corporate that is mildly fulfilling? I get it's called work for a reason and it's not supposed to be enjoyable, but surely this can't be the only realistic options to achieve a good salary. +The credit limit on one of my cards increased by $2,000 then my scored dropped 50 and 51 points (Transunion and Equifax respectively). I did not request the limit increase, and the only other thing that changed and posted was a small balance increase on the same card. + +What made it drop so much? +**What is Ponyo?** + +Ponyo ($PONYO) is the world’s first SUCCESSFUL “auto-impact” token on a mission to prove that Web 3.0 can make the world a better place. 3% of every Ponyo transaction is automatically donated, currently to the Coral Restoration Foundation, one of the world’s most effective non-profit organizations supporting coral reefs’ natural recovery process. Since launching on October 28, 2021, Ponyo has donated nearly $800,000 towards rebuilding our coral reefs. + +Video of Doxed Cofounder with CRF in Florida ([https://www.youtube.com/watch?v=mPAdSW3RCEI](https://www.youtube.com/watch?v=mPAdSW3RCEI)) + +**What is Ponyo Impact?** + +Ponyo Impact is the NFT launchpad led by the creators of Ponyo. Our mission is to support organizations making tangible improvements to life on earth. We collaborate with mission-driven organizations to mint NFT projects that generate high impact funds for projects that create positive change in the world. + +Ponyo Impact Website (Pearls NFTs Early Mint Access 1/8/2022) (18 DAYS AWAY) + +([https://pearls.hangnft.xyz/nft/pearls-2022-01-10-a7a3](https://pearls.hangnft.xyz/nft/pearls-2022-01-10-a7a3)) + +There is currently an official FREE $PONYO giveaway for signing up to the Ponyo Impact Newsletter + +([https://twitter.com/PonyoInu/status/1471624193905242121?s=20](https://twitter.com/PonyoInu/status/1471624193905242121?s=20)) + +Official Ponyo Impact NFT Discord + +([https://discord.gg/5gNTrWz3p2](https://discord.gg/5gNTrWz3p2)) + +**Tokenomics:** + +* 1,000,000,000 tokens in supply +* 5% of all volume goes to marketing +* 3% is donated to impact partners (currently the Coral Restoration Foundation); +* 2% to liquidity on exchanges +* 1% to reflections (which is passive income distributed to token holders) + +$PONYO is available for purchase on UniSwap, PancakeSwap and LBank. In negotiations to list on [Gate.io](https://gate.io/), Kucoin, and [Crypto.com](https://crypto.com/), as well as a bridge to Boba Network + +**Highlights:** + +✅ World’s First Successful Auto-Impact Token + +✅ ATH market capitalization of $45 million two weeks after launch + +✅ Over $800k donated to the Coral Restoration Foundation + +✅ “Swim Swim” play-to-earn game allows users to earn $PONYO while giving back. Play the beta demo here ([https://www.shrimp.plus/](https://www.shrimp.plus/)) + +✅ Finalizing representation from CAA, the #1 creative agency in the world + +✅ Over 5,000 Token Holders + +✅ Team includes veteran crypto founders and alum of CAA and Harvard Business School + +✅ 8 Person Core Team, with >80 additional non-core team members - One huge advantage to Ponyo that other teams don’t have is a very established real world team that is doxed in order to sign legal agreements with non profit organizations + +✅ Experienced Board of Directors comprised of crypto veterans in the hedge fund, venture capital and talent management industries + +Ponyo is a “meme coin on a mission” to prove that crypto investing can benefit society. The first goal is to achieve $1 billion in market cap by the second quarter of 2022, which will allow the ability donate tens of millions of dollars along the way. + +**A MUST READ “Due Diligence” HERE** + +([https://www.reddit.com/r/SatoshiStreetBets/comments/ri54sf/ponyo\_rebranding\_up\_100x\_since\_launch\_some\_ico/](https://www.reddit.com/r/SatoshiStreetBets/comments/ri54sf/ponyo_rebranding_up_100x_since_launch_some_ico/)) + +**Official Linktree for EVERYTHING:** + +([https://linktr.ee/ponyoinu](https://linktr.ee/ponyoinu)) + +🌐 Website: [https://www.ponyo-i.nu](https://www.ponyo-i.nu/) + +📱 Telegram: [https://t.me/ponyoinu](https://t.me/ponyoinu) + +🕊 Twitter: [https://twitter.com/ponyoinu](https://twitter.com/ponyoinu) +Currently 36M, married with 1 kid. I'm self employed, solo owner of LLC doing \~$500k/yr in revenue at \~20-25% profit. Wife works for BigTech and has had a 7 figure earn out on an acquisition. Current net worth \~$1.2M spread across \~$500k investments, $250k house equity, $200k other assets, and $250k cash. NW will increase to \~$1.5M by end of Q1 next year. + +Here's my question. Wife and I were both raised middle/upper middle class. Comfortable for sure, but nothing fancy. + +My/our goal is at least $5M by the time we retire in our 50s. My stretch goal is $15M and I think we can hit $10M basically on autopilot. + +So here's my question - if you were raised similarly and now are FatFire or well on your way, what mindsets did you have to change / changed as your bank account increased? + +The big one I am seeing in myself is moving from "saving" to thinking more about using money to make money, aka investing outside of "VTSAX and chill". +My stack of books gets bigger and bigger while my time to read them seems to slowly diminish. One of my dreams is to get to FI so I can take a 6 month stay-cation, buy some good Italian coffee and plow through these books in my pajamas. + +&#x200B; + +Anybody else have this desire? Any ideas on how to cope with it while putting up with a 9 - 5 and the other monotonies of the week? I've found that reading on the subway is the easiest time to fit books into my day, all other hours seem to be eaten up by other commitments. I've even thought about (eventually) co-running a bookstore with a friend of mine. Easier said than done, sure. But I can dream. + +&#x200B; + +Keep up the good work, everybody. Cheers +This is in response to the many criticisms of this sub becoming a circle jerk with no practical advice to get people out of poverty. + +Disclaimer: I’m still not financially stable enough to find r/PersonalFinance helpful. I still have a mountain of student loan debt that doesn’t seem to be doing anywhere. And I still don’t make much above the average American income. But, I’m no longer impoverished. I no longer have to chose between food and gas. I own a house and have a new-ish (10 years old instead of 20 years old) reliable car. + +Getting diagnosed with ADHD in 2017 when I was 27 was the real turning point for me. My entire adult life, I could see the top of the mountain, but not the paths to get there. Medication, cognitive behavior therapy and lifestyle modifications helped me clear away the clouds and see the necessary steps to get me where I am now. Everyone’s case is so different and I can neither diagnose nor give you a ton of career advice, but if you’d like to know more about my personal experience I’m happy to elaborate. + +EDIT: I had a hunch that there might be folks out there who would benefit from this conversation. I think there's a lot of ADHD folks represented on reddit compared to the general public. Maybe the format appeals to our brains? A lot of us aren't diagnosed though. Despite what the media says about ADHD, experts believe it is actually grossly underdiagnosed, especially demographics outside of young, white boys. So I had a thought if reddit appeals to ADHDrs and most of us aren't diagnosed, those that aren't diagnosed are probably struggling financially. I thought a little anecdotal PSA here couldn't hurt. Good luck to those of you out there pursuing this. +I’m trying to understand how many actual fiat $ (or other currency) has gone into the crypto markets. People often mention the overall market cap (currently >$700B) but that’s a very theoretical way of looking at value. + +To take a more practical view, if I zoom out the order book on GDAX, I can see ETH could be brought down to $350 with just $60M of sales. At that point it’s market cap would be $32B, thus eliminating $90B of market cap (down from $120B). + +So my questions are: + +1) Why the focus on market cap, isn’t there a better metric? +2) How can we calculate actual invested fiat in each crypto market and overall? +***How Citadel and Charles Schwab worked together to steal TD Ameritrade and make PFOF the only way for brokers to compete. They forced the consolidation of most orders to 2 major market makers (Citadel and Virtu) and removed retail clients from the lit exchanges.*** + +Some background information. + +**TD Ameritrade (TDA)** + +TDA was established in 1975. It was established by Joe Ricketts along with three other partners. Ameritrade was founded out of Nebraska + +TDA was always a pure trading firm. TDA was independent. What does this mean exactly? That they didn’t have TDA products, or TDA ETF’s and Mutual Funds. When you go there as a client, they provide you a platform to buy and sell stocks, etf’s, funds, options etc for a low fee. \*Just a side note, E-Trade was probably the closest to TDA - and E-Trade was recently acquired by Morgan Stanley. + +Today, TD Ameritrade provides investing and trading services for 11 million client accounts that total more than $1 trillion in assets, and custodial services for more than 6,000 independent registered investment advisors. With clients placing, on average, approximately 500,000 trades each day, it maintains the leadership position it assumed when founder Joe Ricketts opened his doors in Omaha, NE, in 1975. + +TDA HIstory [https://www.tdameritrade.com/about-us.html](https://www.tdameritrade.com/about-us.html) + +**Charles Schwab (Schwab)** + +Schwab was founded in 1971 and was based in San Francisco. Schwab now has over $7.5 trillion in Assets on their books. This does include the $1 trillion they acquired from TDA. + +Unlike TDA, Schwab is not independent. If they could, they would have all of their clients be 100 percent charles schwab funds. That's their ultimate goal. No really, it's a heavy focus on selling products and it's important, because it is different to TDA. + +Schwab Company History [https://www.aboutschwab.com/history](https://www.aboutschwab.com/history) + +https://preview.redd.it/bm9m47qkuop71.png?width=617&format=png&auto=webp&s=20c4629c24d08129db8facff399c1bb8e00f2c24 + +\---------------------------------------------------------------------------------- + +My thesis: Is that Schwab and Citadel worked together, they crashed commissions to $0. Why? + +1. It made PFOF the only option - a win for Ken (All the brokers had to go to $0 to compete with Schwab and the only way was by using market makers and PFOF) +2. It made TDA lose 30 pct of market cap - a win for Charles + +I was able to find an old chart. Here - [https://www.barchart.com/stocks/quotes/AMTD](https://www.barchart.com/stocks/quotes/AMTD) + +https://preview.redd.it/l4brwtrd9op71.png?width=495&format=png&auto=webp&s=a547dc9345edd4200773c59dea0cea9378681b6c + +The chart is TD Ameritrade before Schwab acquired them. The symbol that Ameritrade traded under was AMTD. During this time TDA made money from commissions, they would charge $6.95 a trade. This is where a large part of TDA income came from and the rest was mostly in cash margin spread on client accounts. + +Unlike Schwab, TDA needed the commissions. Schwab Has ETF’s and Mutual Funds they make money on. TDA was dependent on the commission revenue. + +When did Schwab go to zero commissions? + +**Oct. 1, 2019** + +When Charles Schwab announced it was cutting commissions to zero on Oct. 1, 2019, it created a seismic shift in the online broker industry. 1 Schwab's competitors soon followed, upending the economics of the retail brokerage industry that relied on trading commissions as a source of profits for decades. + +[This red line was when they announced $0 commissions. ](https://preview.redd.it/uusjsxqzdop71.png?width=1076&format=png&auto=webp&s=2816ab86c05c16b43c9f8ec8e2549b0e4cdeb30b) + +When Schwab went to Zero commissions they jacked up their market maker order flow, let their clients trade for "free" which forced everyone else to follow. How do I know this? It's on their website. + +[https://www.schwab.com/legal/order-routing-1](https://www.schwab.com/legal/order-routing-1) \- All of the information on their order flow. + +Historical Reports + +[https://public.s3.com/rule606/chas](https://public.s3.com/rule606/chas) + +And if you click on the “historical reports” it goes back to December of 2020 when all of this nonsense started. Oh can you feel it… + +&#x200B; + +https://preview.redd.it/46k49z0o9op71.png?width=460&format=png&auto=webp&s=3096261f5f3cee0d4d477a8c8d2ee219ae98f2a7 + +This is from the very first available report - and there it is ladies and gentleman - in December of 2020 Schwab sent over 30% to Citadel, and 30% to Virtu. + +https://preview.redd.it/f6d3uvsp9op71.png?width=485&format=png&auto=webp&s=9859a12bf7e4dba11de12f62f4bd3aa5460ad3a5 + +Let's take a look at that TDA chart again. (Most platforms wont show chart data, symbols “AMTD”) + +So Schwab drops commission to $0. Then about 1 year later… + +https://preview.redd.it/rmkjcvskeop71.png?width=1076&format=png&auto=webp&s=ce0c353e03c7b47af30342a9c0cf564ba93b6fff + +**Oct. 6 2020 (TD is priced around $30-40)** + +Charles Schwab (NYSE:SCHW) **completed its $22 billion all-stock acquisition** of one of its major competitors, TD Ameritrade, on Oct. 6, creating one of the largest brokerage firms in the world.Oct 6, 2020 + +Congratulations Mr Schwab, you just bought TD Ameritrade at a 30 percent discount. TD Ameritrade stops trading (ticker is removed and Shares destroyed and replaced by Schwab Shares) then look what happens to Charles Schwab Stock shortly after… + +&#x200B; + +https://preview.redd.it/0etl2fzy9op71.png?width=1043&format=png&auto=webp&s=dfc336d02315f9cfc4b6b7ca468af375bb1ba8d3 + +After the TD acquisition Schwab stock trades from around $35 to $75 and Mr Schwab doubles his wealth. + +How much stock has Mr Schwab sold lately? As much as anyone. + +See the link below. + +​​[https://www.marketwatch.com/story/charles-schwab-sold-off-more-than-1-million-shares-of-namesake-brokerage-in-the-past-week-2021-04-29](https://www.marketwatch.com/story/charles-schwab-sold-off-more-than-1-million-shares-of-namesake-brokerage-in-the-past-week-2021-04-29) + +Charles Schwab sold off more than 1 million shares of namesake brokerage in the past week + +Published: April 29, 2021 at 3:02 p.m. ET + +[https://www.nasdaq.com/market-activity/stocks/schw/insider-activity](https://www.nasdaq.com/market-activity/stocks/schw/insider-activity) + +Schwab Insiders are taking profits - 151 sales to 26 purchases over past 12 months. + +https://preview.redd.it/zulen9omaop71.png?width=637&format=png&auto=webp&s=a68d5a0a5e6b62ce660e0c93b1d272a3f9756ad5 + +And good Old Mr Schwab sold ridiculous amounts of Schwab recently. + +https://preview.redd.it/kkcjlz79bop71.png?width=513&format=png&auto=webp&s=7f1fd223750b1526cc575cb98e70464b32bd044c + +https://preview.redd.it/kjdb5ejabop71.png?width=429&format=png&auto=webp&s=1d512772f19c5cad63ae44cba5c5c40088521cb4 + +https://preview.redd.it/od60w2mbbop71.png?width=441&format=png&auto=webp&s=1f4e8398a58c695bfb7ef9741ee5034120fc1533 + +In fact if you spend enough time there you will see everyone at Schwab is selling. Its more confirmation bias that a crash is coming. They would know, and they are selling that TDA market cap they stole. + +But the catalyst - and the genius behind it, it forced every broker into zero commission. Schwab forced everyone into PFOF by crashing TDA and reducing commissions to zero. Why is this such a big deal? Because they essentially removed retail from the lit exchanges and consolidated all the order flow to the big Market Makers. + +How much has this cost retail investors and how much money has been skimmed from Market Caps of public traded companies? By removing the competitive nature of these orders? These are the type of questions we need to ask after MOASS... + +tl:dr: **Ken Griffin and Charles Schwab used PFOF to crash trading commissions to $0, and force all institutions to use PFOF. This removed retail from the lit exchanges and forced most orders to several market makers.** + +**Charles Schwab Stock doubled in value and now the C-Level and Charles are selling heavy. How much money has this taken from dollar value amounts of actual Market Caps?** + +Just an edit - 80% of TDA managers were fired... probably more... +After seeing many rages for #HOODLTHEPOODL on Twitter, I decided to check out what was going on. I ended up finding $POODL Token thru a telegram link on Twitter and asked about it in this community, which is the entire reason I’m posting this to give them their shot on Moonshot Monday. What an amazing community these guys have. + + +# $Poodl🔒 + +$POODL Token is a **smart contract** that is driven and supported solely by its **community**. With over **7,700** holders, the token has a 1% even distribution after every transaction that incentivizes holding, Locked Liquidity, and a constantly decreasing supply due to it being a deflationary Token. This and its charitable factors collaborating to make $POODL the success it’s becoming. + +**$POODL has also passed an external audit by Techrate, which shows that our contract is safe and secure. There is no malicious code allowing anyone to mint new tokens or take advantage of investors in any way.** + + +# Some of $POODL’s success despite only being less than three weeks old are: + +• Marketing Effort in Progress - Charity partnership announced with CANINES FOR DISABLED KIDS, which adopts sheltered dogs and homes them with children with disabilities. An investment in $POODL will truly be an investment in charitable work. + + +**• Coingecko + Coinmarketcap Listed** + +**• The release and sale of over 45 NFT’s** + +**• Whitebit USDT Pair listing along with a finalized meeting with Coinsbit Exchange Executives that capped off with the project being forwarded onto the Technical Team for final approval before listing** + +* **Coinsbit listing** + +**• Low market cap Currently around 10M.** + +**• New members are pouring into the Telegram DAILY. With currently over 7500 members** + +**• $POODL's Twitter is growing rapidly with over 5700 followers** + +* **The merch store is up and running** + + +# What are the Tokenomics? + +Original supply 100,000,000,000,000 + +**12% has burned** + +Current Supply: 88,000,000,000,000 + +2% tax on transactions + +1% distributed + +1% burned + +Locked Liquidity + + +# Staking Plans: + +$POODL has currently been approved through the review process with Difiat Offical and awaiting confirmation of staking rewards for $POODL Holders. + +Providers will be able to earn additional POODL by providing liquidity and adding POODL to the pool. + +# Why should I care about $POODL Token? + +First and foremost, it’s community. A truly remarkable group using its collective power to utilize $POODL as a charitable force is electrifying. + +* Partnering with being listed on **WhiteBit** after only a week and a half and now being at the final stages before listing on **Coinsbit** with others to follow is truly something to be applauded. +* Their nonstop heavy marketing campaign (on social media platforms such as YouTube, Instagram, and TikTok) shows that the admins who run this project are really in it for the long haul. +* Top that with Buzz and hype growing exponentially, Charitable causes and confirmed the partnership, and gain in tokens just by holding (Redistribution) does this one amazing project. + +# Why $POODL is set for hyperbolic growth + +\- Staking plans in q3 + +\- **Charity partnerships lined up** + +**- A Dedicated Marketing budget is being raised, which will be used on influencers, PR, Social, Paid ads, SEO, and much more!** + +**- More exchange listings** + +\- **Heavy marketing campaign (on social media platforms such as YouTube, Instagram, and TikTok)** + +**-Buzz and hype are growing exponentially.** + +**- Gain in tokens just by holding (Redistribution)** + +**- Decreasing supply (a deflationary token, similar mechanism to HOGE - we all saw how well that went 🚀🚀🚀** + +**- Strong Community (also a similar vibe to Hoge) #HOODLTHEPOODL** + +# To reiterate the strong community unity that Rallies around its Battle Cry in #HOODLTHEPOODL... how can you not give this a Moon Shoot! + +Website: [https://www.poodltoken.com](https://www.poodltoken.com/) + +Etherscan: [https://etherscan.io/token/0x56a980328aee33aabb540a02e002c8323326bf36](https://etherscan.io/token/0x56a980328aee33aabb540a02e002c8323326bf36) + +Dex: [https://www.dextools.io/app/uniswap/pair-explorer/0xcbc1ce4a9f18c6e8a0a328708ba6ab484f84bb47](https://www.dextools.io/app/uniswap/pair-explorer/0xcbc1ce4a9f18c6e8a0a328708ba6ab484f84bb47) + +WhiteBit: [https://whitebit.com/trade-pro/POODL\_USDT?type=spot](https://whitebit.com/trade-pro/POODL_USDT?type=spot) +Going to be a bloodbath this week. Anyone changing their investment strategies in light of the new deaths in Korea and Italy ? + +Edit: 5% + +Edit: 5.8% + +Edit: 6%!!!!!! + +jesus fucking christ ASX200 down 7.33% at close +A friendly reminder since I haven’t seen it posted here in a while. + +Turn off SMS 2FA and set up something like Authy. + +You’re probably thinking “I’m small time, won’t happen to me.” And I thought the same as well until last night my phone provider blocked an attempt at a Simswap. + +Take the 10-15 minutes to protect yourself. It really doesn’t take that long to set up. + +Stay safe friends. +Just trying out the **new polling feature** that is exclusive to our community! Remember to switch to the new Reddit design if you want to try it out. + +&#x200B; + +This question is gauging community consensus on what they believe is the best stablecoin available today. The options may not be complete, please bear with me. If you have one that I missed, post it in the comments. + +&#x200B; + +&#x200B; + +**Question: What is your preferred stablecoin? (You can say why in the comments)** + +[View Poll](https://www.reddit.com/poll/9om1hb) +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. + +🚀 💎 🙌 🦍 +Wife and I are mid 30s \~2M NW and we are bringing in \~.5M a year. I’ve thought about this for setting my FIRE number target, but curious if this feels right to this group. It seems like there are a few distinct tiers of utility afforded by your nest egg. These all assume a \~4% withdrawal rate: + +3M: live on 10k a month; you should stop doing jobs you hate. Live a good upper-middle-class life, especially if you don’t have a mortgage, but not at all FAT. + +10M (my target #): \~33k a month, 400k a year. Should only keep doing jobs you love. You're VERY comfortable, you travel wherever you want, stay in nice hotels, eat wherever you want and rarely think about money, you’re still flying commercially, but are paying for the upgrades. + +20M: \~66k a month, 800k a year. Only work if your work makes you happier than any other alternative thing you could be doing. All the 10M benefits + inviting and covering guests for trips + flying privately domestically. First class for any international travel. + +There are several tiers of wealth beyond this obviously, but in terms of things that make your life easier more enjoyable it feels like the cost of reaching for more is worth far less than the freedom/time you give up. + +&#x200B; + +Edit\*\* Thanks for the feedback. Looks like my 20M $ description is more like \~50M. +I was reading [this](https://www.reddit.com/r/Autisticats/comments/p9rija/gamestop_lay_back_enjoy_the_show/) wonderful post on [Loan-only Credit Default Swaps](https://www.investopedia.com/terms/l/loan-credit-default-swap.asp) and how a [credit-event](https://www.investopedia.com/terms/credit-event.asp) involving [Europcar Mobility Group S.A.](https://www.creditfixings.com/CreditEventAuctions/holdings.jsp?auctionId=9169) may have been what caused the sneeze in January. + +Upon further research I see that IHS Markit are the leading institution that handles the swaps market. + +[https://ihsmarkit.com/products/markit-cdx.html](https://ihsmarkit.com/products/markit-cdx.html) + +They manage Credit Default Swap indices such as the CDX. (Could this be the 'meme stock' swap basket?) + +According to their site: + +> The indices roll semi-annually in March and September. Credit events that trigger settlement for individual components include bankruptcy and failure to pay, wherein credit events are settled via auctions. + +So these CDS index's rollover and the securities inside are restructured every 6 months during March and September. + +Their [news page](https://www.markit.com/NewsInformation/GetNews/CDX) lists a few PDF's that show the Index Rollover Dates - + +March - + +[March 10th.. sound familiar?](https://preview.redd.it/0pxj1czbm6m71.png?width=753&format=png&auto=webp&s=d82519e9d1d00ea0725f41126398edaaac87cb8f) + +So just at first glance we can see on March 10th they released their list of additions and removals from the index. I imagine this is akin to a restructure of securities, something like what an ETF would do. Apes will remember March 10th because it was the day when GME ran to 350 before being shorted down 170 moments later. + +https://preview.redd.it/8ui55cfan6m71.png?width=347&format=png&auto=webp&s=9d839bbf0dd0839f3e3a6f4b8a72423dbfe0b9ed + +September - + +https://preview.redd.it/1obpqhdpn6m71.png?width=764&format=png&auto=webp&s=03005fdc12d47fd66aa7c2105ac5105ad2ed4b9b + +The next rollover dates show that the same index restructuring from March is occurring again on September 8th. + +&#x200B; + +Correlation does not equal causation, but considering we know GME is being abused by Credit Default Swaps, and high volatility was present during the last rollover date, we may see another price run tomorrow. + +P.S. I'm smooth-brain and have no clue what I'm doing. I'm not a financial advisor, I just like the stock. hedgies r fuk + +TL;DR + +We're back at March 10th, a credit default swap index is being restructured again and so we may see increased volatility tomorrow. +*scoffed at me. Dang it, why can't you edit titles 😭 + + +[Here is the album.](https://imgur.com/a/v2Di7XJ) + +Some of them are in my grandmother's handwriting or have weird terms (she used to always say "Oleo", brand name margarine, but now we just use butter). If you have trouble reading or understanding any of these, please give a shout and I'd be happy to explain! + +EDIT: u/francoboy7 was kind enough to enhance the recipes in a printable format in case any of you want to save yourselves the trouble of writing these down longform. [Here is the link to the PDF](https://drive.google.com/file/d/1S96bK4ewqdGA5O3f-zY7ElJSGm6Md6Df/view?usp=sharing&utm_source=share&utm_medium=ios_app) +Everyone always laughs when good news comes out and GME tanks. Today we got invited to the S&P 400 and rebranded EB Games to formally become International GameStop franchises. Hedgies knew this would be good so they sold all the shares they bought through dark pools, this is why price tanked on a volume of 600K even with a high buy sell ratio of 5:1 (what GME hits midday with the low volume we have seen in the past few weeks.) + +However they were so wrong in doing this and Ryan Cohen baited them. Yesterday that massive selloff I believe was hedgies taking thier profits on tech stocks before earnings so they could tank GME today. However, in order to do that they must have capital to back up the shorting they do as well. Normally in a bull market they do, but you know what today is? ITS JPOW DAY!!! +Once he gives his speech the market will tank on that speech like it always does and RC knows it. So he chose today to make these announcements so that hedgies would short but then be stuck without collateral as the markets dip, causing them to roll over thier positions causing GME to stay green today and leave hedgies out off ammo for GameStop earnings. + +Edit1: yes I know market did not tank today which is surprising as it usually does when jpow speaks. This is probably ur to there already bring a selloff yesterday in megacaps, GME did recover a bit and it will be interesting to see if the markets will be up or down for the week starting tomorrow, and hopefully GME gaps up to $180 EoW. +I trust RC in that he knows what he is doing and his announcements are usually in clusters and timed so they benefit GameStop, so let’s see what he is up-to and what comes later down the streatch. + +Clarification: yes I know RC didn’t control S&amp;P 400 announcement, although it is a nice coincidence it was announced today, I was referring to the expansion into foreign markets starting by rebranding EB Games to GameStop +In this new era of low interest rates, house prices will continue to go up and I find it hard to justify if they will ever come down. Imagine the following scenario: + +1. RBA lowers interest rates + +2. Homeowners borrow more money and overleveraged to buy more houses + +3. (Some time passes) + +4. Inflation starts to pick up + +5. RBA prepares to increase interest rates + +6. Homeowners panic and cut down spending in order to service their future repayments + +7. Reduced spending causes inflation to drop back down + +8. Repeat Step (1) + +Since the CPI excluded house prices, we will never fully capture the economic sentiment. RBA argued: "The purchase of existing housing represents a transfer within the household sector (which means that there is zero net expenditure by the household sector in these transactions)", which I think it's bullshit. + +Another way to fix this is to have banks tighten their lending criteria, but this goes against the purpose of the banks, which is to make as much profit as possible. + +My armchair economics degree tells me that we should include house prices in the CPI, what does /r/ausfinance think? +Everyone says "buy the dip". Everybody also says "time in the market beats timing the market" (the implication being that any cash sitting uninvested is wasted opportunity). + +I have drastically more of my resources invested in the market than ever before. But I do not have confidence that the extended upward run we've been on is going to continue, so I recently cashed out about 30% of my portfolio that was sitting at about the same price as when I bought it. + +Many of us would love the buying opportunity of a 50% drop in the market, but that likely won't be a sudden, 1-day plummet. How do people manage the downward process and avoid spending all their available cash at the -10% point, or the -20% point, such that they have no cash available when the market has dropped 50%? +Dear Apes, + +&#x200B; + +I know I am not the only one to see that something changed drastically with the media this past week. + +While being brutally ignored, falsely reported on, accused and shoved into a drawer named "retail TRADERS" and then attacked with major FUD on all forums, suddenly the tides seem to shift and we really need to figure out why to be a step ahead of our enemies. + +&#x200B; + +Lets start from the absolute bottom. Have you ever heard of News Corp? Sounds like a generic name for the evil cyberpunk corporation owning every medium of information in the far distant future - or simply the shitty, generic name for the biggest media corporation in the English speaking countries. + +https://preview.redd.it/s3otl58jzv371.jpg?width=400&format=pjpg&auto=webp&s=7f4dd7d8db3e63003c9b1a71089187771f299942 + +What you see above is just what they owned a couple years ago but do you know what they own now? Motherfucking Dow Jones & Company, who also own the Wall Street Journal, MarketWatch, Barrons and Financial News. + +So the same company that shows you some nice movies that you watch with your kids at night is the same company that tells your grandparents immigrants are destroying your country and the same company that tells young Wall Street guys who to blame for their bad quarter. + +&#x200B; + +Now that we got that established, we need to carefully examine what their game plan is. I am sure you guys have seen this video and if not, please watch it for further education: [https://www.youtube.com/watch?v=\_fHfgU8oMSo](https://www.youtube.com/watch?v=_fHfgU8oMSo) + +&#x200B; + +See, they are not stupid. Well, they could very well be but they do have influence we mere mortals don't have. And influence is just one of those tools that makes your whole life a lot easier, so who cares how smart you are? + +&#x200B; + +Im getting off track. + +&#x200B; + +SO the MSM has a goal and an agenda they are trying to portrait on us and that has changed rapidly. See for yourself: + +&#x200B; + +WSJ earlier this year: + +[https://www.wsj.com/articles/gamestop-investors-who-bet-bigand-lost-big-11613385002?mod=searchresults\_pos15&page=3](https://www.wsj.com/articles/gamestop-investors-who-bet-bigand-lost-big-11613385002?mod=searchresults_pos15&page=3) + +[https://www.wsj.com/articles/how-redditors-find-the-next-gamestop-stock-11613644201?mod=searchresults\_pos6&page=3](https://www.wsj.com/articles/how-redditors-find-the-next-gamestop-stock-11613644201?mod=searchresults_pos6&page=3) + +[https://www.wsj.com/articles/on-youtube-gamestop-hearing-just-another-pumping-opportunity-11613746504?mod=searchresults\_pos13&page=2](https://www.wsj.com/articles/on-youtube-gamestop-hearing-just-another-pumping-opportunity-11613746504?mod=searchresults_pos13&page=2) + +WSJ now: + +[https://www.wsj.com/articles/gamestops-most-loyal-shareholders-are-in-it-for-the-long-haul-not-the-memes-11622971801?mod=searchresults\_pos6&page=1](https://www.wsj.com/articles/gamestops-most-loyal-shareholders-are-in-it-for-the-long-haul-not-the-memes-11622971801?mod=searchresults_pos6&page=1) + +&#x200B; + +Fox News earlier this year (I felt dirty visiting their website but everything for you guys, right?) + +[https://www.foxnews.com/politics/toomey-warns-gamestop-trading-bubble-case-sec-involvement](https://www.foxnews.com/politics/toomey-warns-gamestop-trading-bubble-case-sec-involvement): + +[https://www.foxnews.com/opinion/gamestop-finance-elites-populists-sean-davis](https://www.foxnews.com/opinion/gamestop-finance-elites-populists-sean-davis) + +&#x200B; + +Fox News now: + +[https://twitter.com/cvpayne/status/1401572404854468613](https://twitter.com/cvpayne/status/1401572404854468613) + +&#x200B; + +CNBC/Interactive Brokers then: + +[https://www.cnbc.com/2021/01/28/interactive-brokers-restricted-gamestop-trading-to-protect-the-market-says-chairman-peterffy.html](https://www.cnbc.com/2021/01/28/interactive-brokers-restricted-gamestop-trading-to-protect-the-market-says-chairman-peterffy.html) + +&#x200B; + +CNBC/Interactive Brokers now: + +[https://www.reddit.com/r/Superstonk/comments/nufmzc/ibkr\_chairman\_thomas\_peterffy\_warns\_tempted\_short/](https://www.reddit.com/r/Superstonk/comments/nufmzc/ibkr_chairman_thomas_peterffy_warns_tempted_short/) + +&#x200B; + +&#x200B; + +I want to be clear. I don't tell you what to think. I don't even know what to think to myself. The only thing I know for sure besides BUY, HODL, WAIT is that if we side with MSM when they report correctly while ignoring/distrusting them on other times, that gives them INFLUENCE over us which is their only power. So why would they change their narrative now? and don't come with the "oh the money must not have been enough" or "look, they are starting to see the light" or "looks like their owners are bankrupt". NO, NO, NO. They are in on it and we need to figure out what they gain from reporting the news like that. + +&#x200B; + +Look, im just an Europoor ape over here who likes to make memes. But I also don't like being bullshitted at. If someone I know does something disgusting and does not apologise, no, its just part of who they are, you can bet your ass when they are nice is because they use you/want or need something from you instead of their personality having changed. + +&#x200B; + +Stay save out there and quick side note, don't forget to enable 2FA for your accounts! + +Cheers +I'd like to start a thread where everyone can share their financial overview for 2020 and we comment on each other's expenses/income. Different countries are of course not always comparable, so it would be worth mentioning where you live. + +Let me start off with myself. I live in Germany, 27M, live by myself and work in the science &amp;amp;amp; engineering sector. I only started investing this year, after the lockdown started. Also, I moved from the Netherlands to Germany in February and had some moving costs relating to e.g. furniture and administrative costs, but saved rent and food costs in January by living at my parents' house. Also, my income is somewhat higher this year due to some extra allowances and “delayed income” related to changing jobs (2000-3000€). + +[Sankey diagram](https://i.imgur.com/hjuawPg.png) + +EDIT: since some comments remarked on my high savings rate, here are a few reasons why I save so much: +* I live in eastern Germany where rent is cheap, while earning the same salary as someone with my position in western Germany. +* 2020 pandemic. I saved considerably on vacation, eating out, cafeteria lunch, etc. Apart from a short trip in January, all my other holidays were trips to my visit family. +* No car. I commute to work by bike. +* No spouse or kids. +* Free haircuts from an acquaintance. +Recently I read somewhere that some famous content creator on Twitch gets paid somewhere in the ballpark of **$60 million/year** just through sponsorships (promoting brands). + +These content creators were also on some podcast taking about tax saving strategies: https://youtu.be/cktEuje06xo?t=5108 + +Out of curiosity this got me thinking, with such a large income, + +**Assuming they reside in California**, how much could a pro tax team/CPA bring down their overall tax rate on the earnings by? If say the most effective tax strategy is used. + +I apologize for any wrong use of terminology, I'm not from the States and am not too familiar with the ins and outs of US taxes. Just wanted to hear from you guys' experience what tax rate you think a pro tax team/CPA could bring the original overall tax rate on the $40 million down to? 25%? 28%? +Hi all. + +So everyone, including my older extended family members of mine have been encouraging me to move out. I have an immigrant mom who is just another level insane, similar to a lot of the moms described in /r/asianparentsstories. A few examples is she won't let me see a gynocologist, get my wisdom teeth removed, she herself refuses to get boosted and barely got the vaccine by getting J&J, cries when she doesn't get her way, and during really awful situations when she hears sometime she doesn't want to hear, will cry and ask me or my dad to kill her lol (a lot of south asian moms are like this). I am also not allowed to date people who aren't indian. She also gives the silent treatment a lot which is the worst, not to mention she is a hoarder and even my neighbors have expressed concerns. I have a decent relationship with my dad but he just chooses to tolerate my mom and stays silent. + +I just graduted from uni this past June. I was going to apply to grad school my senior year but was too busy helping my parents find jobs after they both lost their jobs as a result of the pandemic. I graduated with a dual degree in poli sci:ir and global health. I had a very difficult time getting a job and just got one this month. I probabaly applied to around 120 jobs and only heard back from 2. I knew what I was getting myself into when I decided to not major in a STEM but I am very passionate about my line of work and feel like in the longrun I will be pretty succesful in it, so long as I keep up with my network, work hard, pursue more school, get more experience. I am now working for a non profit focused on global health. + +I did do a really stupid thing of not negotiating my salary. I was so over the job hunting process I just said yes to it when I got my verabl offer. I \*deeply\* regret this and know I let my fear get to me. While I've lived in a low income household pretty much my whole life in So Cal, I know moving to a city like DC or Boston is extremely unrealistic with 45k. At the same time, I don't own a car and feel like a city with public transportation is my best bet. + +I am applying to grad schools at the moment but think I will defer for a year, should I get into my top program since I do like the work I am doing at my current job. I only will attend grad school if I get sig financialaid or if I am allowed to TA and makeup for the tuition fees. I would like to have an MPP. + +If I did move, I do plan on having roomates and would honestly be very alright with also splitting a room with someone. I just feel like it is very rare to find people my age who are looking to share a room. I did share rooms with my roomates in college, and honesty had such a good experince and felt like I was saving a lot of money. + +I also don't want to be in a situation where I have to move back home, that is my worst fear. I'd rather save up for a year and fight it off and then leave knowing I never have to look back. I honestly just don't know what to do. I have an emergency fund of $5,000. Any inisght would be greatly appreicated. + +Edit: Seeing so many kind and genuine responses from all of you! Will try my best to respond to you all by the end of the day! +I’ve seen 100 videos and quotes by all these “millionaires” that always claim that getting the first 100k is hell but then the first 1 million comes easy and quickly. I want to know has anyone here actually had that experience, and if so how did you do it? +I’ve invested heavily (for me) in real estate worth somewhere around 1m now + +and have somewhere around 250k in brokerage + +Cash around 100k + +Looking forward to your thoughts. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I saw a post in this sub a few days ago from a person in the air force seeking advice on how to fat fire. I believe the person was 20 and in the air force and wanting to use their GI Bill for a finance degree. I can't find the post and didn't have time to respond when I first saw it. I was in the military and am on pace to retire at 45. In the event you lurk here, this is my response... + +Define FATfire to yourself and know what is realistic. I consider my net worth and projected net worth at my goal retirement date (45) to be FATfire, but for some it may be more like...chunky or curvy fire. If you want 10m+ by 45 while living like Charlie Sheen..probably not happening without serious windfall. if you want say 3m and are willing to make a few lifestyle sacrifices..that's possible. + +I was in the Navy from 2006-2012 and that was a critical chapter in my FATfire story. Investing, getting a degree, getting a good job and getting married put me on pace for \~3m at 45. Veterans have an opportunity many of our peers don't: we can go to college for free, we have skills and veteran status for decent jobs in the interim, and we can save a lot of our measly salary while enlisted. When I enlisted we were asshole deep in 2 wars and Daddy Bush was generous..so the signing bonuses were plentiful and deployment pay was awesome. Here's a summary of what I did: + +* **Saved most of my salary** (no joke, roughly 70% of what I made). lived and ate on base. didn't own a car. bases tend to be in HCOL and unsafe areas so l stayed on base. +* **I sought professional advice**. my mom accidentally opened my bank statement about a year into my navy career and was shocked at my balance. Bless that saint of a woman, she urged me to go to a financial advisor if I was saving that kind of money. I did. found a fee based advisor far away from a military town (this is crucial - military folks are targets as most are, frankly, morons) +* **Used my benefits** to get a degree afterward. Information systems, wound up a software developer. I like it, it pays well and there are a lot of jobs in my home LCOL state. +* **Married well.** This may sound comical, but I'm serious. By marry well I mean..someone with discipline who shares your goals and vision and will be a partner in getting there, not a roadblock. Yes, my husband makes good money, but the most important thing he brings to the table is his commitment to our budget and goals. +* **Bought a cool apartment in an up and coming city.** This was just luck, but it's part of my story so I mention it. Bought a place in my home city that needed aesthetic updates and a new HVAC system. sold it 4 years later for more than double what I bought it for. bought a nice bottle of wine with the profit and invested the rest. + +Those 5 things were game changers. 6 years of service, a 60k signing bonus, and 2 deployments later I put away about 155k, before interest, while in the navy. I don't think you should expect to be able to sock that much away, as the signing bonuses and deployments aren't what they were in the days of "WMD's". I also invested in unique economic circumstances (or at least, unique to my lifetime so far) and having money in the market when it started improving was critical for really growing my net worth. Obviously, this is not an opportunity you have, but I think with discipline and playing your cards right, and maybe a lucky break you can do it. A few things I'd do different/recommend... + +* **Stay enlisted in the reserves.** I kick myself sometimes for not doing this. I'd be a few years away from a nice little Uncle Sam funded pension just for babysitting 1 weekend a month (and I'd get a paid weekend away from the family!). I had done 2 deployments though and never wanted to see sand or smell another marine again so I didn't even consider it. If it's a decently peaceful time, you may consider it when the time comes. +* **Consider a career that builds on my military training.** A lot of colleges will consider your military training and give you credits. I could have been done with school in 2 years instead of 4. Could I be making more money? Probably depending on a few things like specialty and location, but I'm happy in my post-military career and that's not something I take for granted or put a price on. But it's worth considering more closely than I did. + +That sums it up! + +Good luck and thanks for your service. +My experience is in financial accounting and now I currently work in corporate finance as an analyst. + +I am not sure if my profession is a common career to fatFIRE. +Do you remember [Kenny putting the blame on retail investors for stealing the pension funds of teachers](https://www.reddit.com/r/Superstonk/comments/ut71as/ken_takes_zero_accountability_again_puts_all_the/)? The SEC just gave the OCC a green light to do so. + +Fresh off the presses today (Sept. 2, 2022) on the [SEC website for OCC Advance Notice Rulemaking](https://www.sec.gov/rules/sro/occ-an.htm#SR-OCC-2022-803), the SEC publishes 34-95669 \[[PDF](https://www.sec.gov/rules/sro/occ-an/2022/34-95669.pdf)\] for SR-OCC-2022-802 \[[PDF](https://www.sec.gov/rules/sro/occ-an.htm#SR-OCC-2022-802)\] and 34-95670 \[[PDF](https://www.sec.gov/rules/sro/occ-an/2022/34-95670.pdf)\] for SR-OCC-2022-803 \[[PDF](https://www.sec.gov/rules/sro/occ-an.htm#SR-OCC-2022-803)\] giving **Notice of No Objection** to both. 🤬 + +You might remember these OCC proposals from my previous posts on how these proposals are OCC's plan to raise money and destroy pensions: + +* [OCC Filing of Advance Notice Expanding Non-Bank Liquidity Facility Program \[to destroy pensions\]](https://www.reddit.com/r/Superstonk/comments/w7zy4c/occ_filing_of_advance_notice_expanding_nonbank/) +* [OCC Filing Advance Notice re Master Repurchase Agreement for Liquidity \[OCC's plan to raise money\]](https://www.reddit.com/r/Superstonk/comments/w91ktj/occ_filing_advance_notice_re_master_repurchase/) + +&#x200B; + +[No Objection to SR-OCC-2022-803 basically giving OCC unlimited access to pensions](https://preview.redd.it/uhf1d2f7gjl91.png?width=1178&format=png&auto=webp&s=28333ef2f371f6d206d248d3c63e29a3aeaf6bec) + +&#x200B; + +[No Objection to SR-OCC-2022-802 setting ridiculously unfair terms demanding money ](https://preview.redd.it/x9twhc3hgjl91.png?width=1178&format=png&auto=webp&s=1b78b0804d8e0dd898d4ebb9939c9c9ea7ecd75f) + +Now, I fully admit I haven't read these in detail. But do we really need to when the introductions say "The Commission has received comments regarding the changes proposed in the Advance Notice. The Commission is hereby providing notice of no objection to the Advance Notice." + +That's basically government speak for "thank you for commenting; we don't care". + +[SEC, basically](https://preview.redd.it/o79ut1sshjl91.jpg?width=405&format=pjpg&auto=webp&s=b205c4038ac5110798387d27fb51ed5913d38828) + +Now, it's not all bad news. + +**PRO:** Approving these proposals allows MOASS to happen and the OCC to stay solvent by tapping pensions for liquidity "**as an alternative to selling Clearing Member collateral** ~~under what may be stressed and volatile market conditions~~" during a market crash. + +>\[T\]he purpose of the proposal is to **provide OCC with another vehicle for accessing cash to meet its payment obligations, including in the event that one of its members fails** to meet its payment obligations to OCC." +> +>"\[T\]he proposed change would **allow OCC to seek a readily available liquidity resource** that would enable it to, among other things, continue to meet its obligations in a timely fashion and **as an alternative to selling Clearing Member collateral under what may be stressed and volatile market conditions**." + +After all, losing \[teacher\] pension money is much better than having to sell off a buddy's collateral. The OCC can now access [pension funds valued at over $35 TRILLION (as of 2020)](https://www.statista.com/statistics/421729/pension-funds-assets-usa/) plus an unknown amount of money from insurance companies. (Both guaranteed at various levels of government means taxpayers ultimately pay for Wall St's degenerate gambling losses.) + +**CON:** Well, bye bye \[teacher\] pensions. Just as Kenny "[predicted](https://www.reddit.com/r/Superstonk/comments/ut71as/ken_takes_zero_accountability_again_puts_all_the/)". +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! + +They started opening theaters a couple of weeks ago so thats an unlikely catalyst to take effect right after the earnings. Any insight would be appreciated +Sup apes. I haven’t done any DD since I wrote T+69 and I have noticed that, although a ton of apes are bullish AF, there’s some uncertainty brewing right now surrounding the current dip. I have found that the best way to overcome your fear of something is to understand it, so I thought I would give a short synopsis of why we are dropping and what it could mean for the near future. + +tl;dr: hedgies are slamming us with shorts and in the money puts. Apes aren’t selling! Hedgie fuk soon. + +First, I need to introduce some concepts that may be foreign to many apes, so let’s start with some definitions. + +# Dark Pool Index (DIX) + +Source: [https://squeezemetrics.com/monitor/download/pdf/short\_is\_long.pdf](https://squeezemetrics.com/monitor/download/pdf/short_is_long.pdf) + +Squeeze Metrics created this indicator, and it basically is the ratio of short sales on dark pools divided by all sales on dark pools. Typically it is used to try and determine when big money is silently moving into a long position. However, with GME, since liquidity is essentially non-existent, I view it as a measure of how much short pressure the hedgies are applying to the stock. Looking in the figure below, the DIX for GME always dips when we either go up or go down, indicating the short ability of the market maker short GME has shifted from the dark pool (where it prevents price movement) to the lit exchange (where it battles price movement). + +&#x200B; + +https://preview.redd.it/pcaq7cuwfza81.png?width=936&format=png&auto=webp&s=5eec7f246296d6a5a9bcf85f35d44a128fc64c44 + +Interestingly, there are two anomalies on this chart. The first is the rise in DIX for GME during the nov/dec drop, followed by the drop in DIX during late December, and subsequent increase in DIX occurring now. Historically it’s the other way around, more or less. So what gives? More on this later. + +# Put to Call Ratio + +Source: [https://zigz.io/instruments/GME/skew](https://zigz.io/instruments/GME/skew) + +This one is pretty self-explanatory. It is a measure of the number of puts divided by the number of calls currently open on the market. High values mean lots of puts, low values mean lots of calls. Since march/April 2021, this ratio has more or less just given a noisy signal, bouncing around 0.7 or so. There is a slight noticeable decrease in this value between the august and November timeframe when our price was significantly elevated. As can be seen, the number of puts relative to calls increased substantially during the initial drop in Nov/dec, leveled off quickly in mid/late December, and has started to rise again now during our next push downward. + +What relationship do options have to the underlying? In a word, delta. Options market makers will sell naked options in the same way that stock market makers sell naked stocks, to create liquidity in the market and reduce volatility. To hedge a naked sold call, you buy some of the underlying stock. To hedge a naked sold put, you sell some of the underlying. Since they are a market maker they can sell the stock naked. And voila, someone can short the stock by buying puts and getting the options market maker to hedge by selling synthetic shorts. + +&#x200B; + +https://preview.redd.it/qwpvuo2yfza81.png?width=936&format=png&auto=webp&s=44650a9385951b7bf0ba3ec39ff1d876de2bc511 + +# The Story In the Data + +I think the general timeline of events is as follows: + +August – November: We enjoyed favorable price action because lit exchange shorting and put pressure were both low. I believe they were intentionally withholding their short pressure so they could deploy it here. + +November – Early December: The hedgies drop an ass load of in the money puts on us, driving the price lower. The uncharacteristic rise in DIX may be associated with higher than normal internalization in the dark pool to prevent retail share purchases from applying pressure to their puts and risking their profitability. So here short hedgies are applying the wombo combo to retail: short retail long purchases and short the market through puts. + +Rest of December: Puts drop off to normal levels. DIX also falls off. Here I believe the hedgies are settling their last put attack, while shorting the options market maker’s attempt to de-hedge, where they go and buy back the synthetic shares they created. Put/call ratio is restored, meaning they killed some of the options momentum brewing at the end of Nov during the run. + +January 2022: Puts once again start ramping up, while DIX returns to typical levels. What follows is my best guess as to their strategy. At this point, between the large put position and the lit exchange shorting, I believe that the SHF are more levered than they have been since March 2021. This was evidenced by the price action today. At open, they shorted the stock essentially as much as they could (0 borrowable shares on fidelity and 10k shares on IBKR). They then used in the money puts to continue to short the stock down to 120, I presume looking for any stop losses they could find. Finding, none, they buy more puts to try and contain the rebound. Then over the rest of the day, having no more ammo to expend, they must slowly start selling the puts they just purchased for a noticeable loss (the bid ask on the puts were quite wide). At the end of the day, someone bought a ton of calls to push us over $130. + +https://preview.redd.it/57pnig0zfza81.png?width=936&format=png&auto=webp&s=aa153827ac6f22c273c421ad94288dcb0ff47e65 + +So to recap: 1) kill call momentum in nov run with puts, 2) transfer put pressure to short pressure, 3) add additional short pressure with even more puts, with evidence that they are finally getting tapped out. + +So why are they doing it this way? + +The same market mechanics that caused the massive price increase in January 2021 is playing out again here, with etf options expirations approaching, among other things. Many others have written extensively about cycle theory, and I recommend u/gherkinit write-ups on the topic. But there’s one other thing that is new this time around: variance swaps. Remember the millions of worthless puts opened during the January sneeze? Well there has been some great DD about how those are most likely used to create a variance swap from u/zinko83 and others. Those puts expire in a few weeks, meaning that’s likely the date many of those swaps expire. This will leave their short position exposed, unhedged, risking a margin call and game over. + +The crazy thing? A basic tenant of variance trading is that variance trends to the mean. So high variance tends to trend down and low variance tends to trend up. So given the unprecedented increase in variance in January 2021, would you go short variance or long? You would go short. Now go look at IV on the options chain. All of this activity that they are engaging in has driven IV up! If I was short variance, and that variance was hedging a massive short position, why would I be driving IV up near the expiration? Because if I can’t get these pesky apes to sell their shares before this swap expires, I’m fucked. People on this sub love to joke about the VW dip before the rip every time we dip, but this dip really feels different. It feels desperate. And the most likely explanation I have come up with is because if they can’t get us to paper hand now, they are fucked in a few weeks when their variance swaps expire. + +Anyway, I know that this has been pretty rambling, but I wanted to get this out there for everyone quickly so that they could potentially understand why we are going down if no one is selling, and how exposed the short hedge funds likely are. I support both buying and hodling, as well as buying near the money, far dated call options as a strategy to apply pressure to them, but I am not going to try and use this post to advocate a particular strategy for anyone. I leave it to each individual investor to make their own financial decisions. I am not a financial advisor and this is not financial advice. + +Buy, hodl, DRS, call options, exercise, hedgies R Fuk. +So I’m 32 years old and have been investing since I was 24. Essentially I’ve been taking the S&P 500 index fund route for the last 8 years ($1k per month while I pay down student loans). + +My wife and I will finally be done with our student loans in December of this year, and as such will be increasing our monthly contributions significantly. + +We’ve always talked about retiring early, and have begun planning how to save up a large enough nest egg so that we can live off the interest/dividends in perpetuity. + +She’s mentioned investing into the dividend aristocrats ETF. However, we’re both high earners and don’t need the cash. And as I understand, re-invested dividends are still treated as taxable distributions. The amounts we’ll be investing are much too high to be in any tax qualified account. + +So my question is what benefits are there to dividend investing in our brokerage account versus staying the course of index investing and lowering the tax drag, converting to dividend aristocrats when closer to early retirement? + +In case it matters we’ll likely be investing at least 20k per month, so imo the tax drag could be significant as opposed to the index fund. + +Any advice would be very much appreciated. First time post, long time lurker +Hi, + +Yesterday I purchased a CPO 2020 Hybrid Camry with >10k miles on it. I do really like this car. When I purchased it I reasoned it out to myself that I will probably have it for 10+ years. It has great safety features, extremely good gas mileage, and is good for the environment. + +While there are plenty of logical reasons to have this car, I don't know if it was a good financial decision for me. The payments are $390/month with a 72 month term at 5.9%. My credit score is around 710. I bring in about $3500 a month and have very low expenses. + +I let myself be talked into buying this car because I was paying 16% interest on my old car, which I still owed nearly 3k on and which had some expensive mechanical problems making it only worth about $500. + +But now I'm extremely anxious and feeling legitimately sick to my stomach because I don't want to be in debt for this long. I have never owed this much at any point in my life, and I've read so much about not having debt being the best thing ever that I feel like I've royally screwed myself. I have 3 days to bring the car back to the dealership, but I'm a nervous wreck and I'm trying to decide if the financial benefit of taking it back outweighs my anxiety. + +Would it be bad for me to keep the car? Is carrying debt really that bad? + +&#x200B; + +Edit: + +All right everybody, I feel sufficiently shitty about myself. I called the dealership and I'll be taking the car back for money back. It's too bad because I really do love the car. But y'all are right. +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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Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| +|[**Social Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&restrict_sr=1)|||||| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +I had posted about these cards [here](https://old.reddit.com/r/fatFIRE/comments/ogmyup/amex_platinum_vs_chase_sapphire_reserve/). I tried to capture what I considered to be the essential differences between what I viewed as the most important "perks" (YMMV). + +One of the things that other users mentioned a lot is that the customer service for Chase is not as good as AmEx. Now that I've had both cards for a few months, I am here to expand on that: + +Compared to AmEx, the Chase customer service is abysmal. So thank you to those who warned me. Put simply, AmEx is like Mercedes Benz and Chase is like a random used car lot when it comes to customer service. +Is this not a little crazy? + +Current MOONS price - $0.095 (cmc) + +Current price per upvote to buy online - $0.06 or lower + +0.88 MOONS per upvote this round - 0.88\*0.095 - $0.083 per upvote gained. + +You can make a clear profit of $0.02 per upvote simply by buying them online. I + +s this a new form of arbitrage? Paying other people to 'mine' MOONS for you? + +Image the madness if MOONS, well, mooned. +So MSM isn't going to cover this and it needs to be covered. How many of you have read the last earnings report from end to end? I'm going to guess not many. Let's take a moment to revisit not only the latest quarter reporting, but also the previous years quarter which will be used as a benchmark once GameStop actually reports earnings. + +# But wait, what is the current market expectation? + +**-$0.66/share with $1.12B estimated revenue** + +https://preview.redd.it/7pk4prsw4ul71.png?width=1190&format=png&auto=webp&s=04f37d830ae5576c91f0c2388724408e9be8394d + +So on first look, some might say *wow, that's not good!* It's actually great if we start to think about what Q2FY2020 looked like: + +EPS: + +* Expected: -$1.14/share +* Reported: -$1.40/share + +Revenue: + +* Expected: $1.02B +* Reported: $942M + +And we should make sure there isn't a "what about before the pandemic" argument, Q2FY2019: + +EPS: + +* Expected: -$0.22/share +* Reported: -$0.32/share + +Revenue: + +* Expected: $1.37B +* Reported: $1.29B + +([Source](https://www.marketbeat.com/stocks/NYSE/GME/earnings/)) + +# Or wait, was it actually -$0.41/share? Nasdaq wat doing? + +[https:\/\/www.nasdaq.com\/market-activity\/stocks\/gme\/earnings - screenshot taken on 9\/5](https://preview.redd.it/0ecys9645ul71.png?width=1236&format=png&auto=webp&s=79da9214eeabdd5e15a354785e0fea38c056efad) + +Why are the earnings different? I'm not sure at all and honestly it's complete bullshit we don't have more transparency. Here is from the Nasdaq website fine-print on my source, but they don't cite sources on the earnings consensus: + +>Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS\*) forecasts. For the fiscal quarter endingJul 2021 , the consensus EPS\* forecast has remained the same over the past week at -0.41 and remained the same over the past month at -0.41. none raised and none lowered their forecast. For the fiscal year ending Jan 2022 , the consensus EPS\* forecast has remained the same over the past week at 0.02 and remained the same over the past month at 0.02 . none raised and none lowered their forecast. + +It has **2** estimates in it, that's a great consensus between Frank and Bill! + +*(I have no clue who the two entities actually are)* + +# Okay - What Da Fuq... + +Every source around the "Consensus" Earnings Per Share is wildly different. Just comparing the values between Nasdaq and Yahoo Finance are very different: + +[Yahoo Finance](https://preview.redd.it/0bkevvpe5ul71.png?width=1294&format=png&auto=webp&s=6a3738131148a3062b587008dd0045ff54e7c022) + +[Nadaq](https://preview.redd.it/z30z4x3k5ul71.png?width=838&format=png&auto=webp&s=569dacea4f84c82901deda37994b3141c84fc499) + +Now this shouldn't be a surprise to anyone, but the consensus always has been (and always will be) complete bullshit. The consensus is always different because they have different analysts, that makes sense! Sooooooo we for sure should be covering this ourselves and not just leaving it to MSM right? + +# So somewhere in-between -$0.41 and -$0.66 is the expectation + +Cool, we can work with this range. This includes 6 analysts which is so small when thinking about it. Now why don't we start highlighting what we've seen from GameStop's past reports! + +# Condensed Consolidated Balance Sheets + +[Q2FY2020 - https:\/\/news.gamestop.com\/static-files\/2d565e82-f8b2-432f-a13c-2c0a3e9aaeff](https://preview.redd.it/16dnjgxm5ul71.png?width=1378&format=png&auto=webp&s=d86b698bc0cf0e0668ec1091392d79b9982b4b2e) + +I know, lots of numbers, but everyone who is a serious investor in GameStop should be able to read this table. I want to help you understand what is going on here. This is a standard reporting format that is very commonly used in GAAP accounting and you'll see it used in all of GameStop's past reports. You should take a moment to glance over the numbers and then look over the most recent filing for Q1FY2021: + +[Q1FY2021 - I left off past years to focus on the now, but you can check them out yourself: https:\/\/news.gamestop.com\/static-files\/c48c7a03-2683-407c-95d0-83584d1a2b70](https://preview.redd.it/wkgn603p5ul71.png?width=1016&format=png&auto=webp&s=4f405ced109947112689fab18803a90a64659f83) + +A couple things jump out at me in this: + +* Long-term debt and overall total liabilities is down \~$400M which should be of no surprise. We see that Operating lease liabilities is down slightly, but we should expect that to take larger drops in 2022. +* "Additional paid-in capital" - I never really knew what this was until doing this DD and having to research. So it was $2.9M in Q2FY2020 and then $518M in Q1FY2021 [🤯](https://emojipedia.org/exploding-head/) + +"Additional paid-in capital" + +I can't explain it to you without doing my own searching, [investopedia](https://www.investopedia.com/terms/a/additionalpaidincapital.asp#:~:text=Additional%20paid%2Din%20capital%20(APIC)%20is%20the%20difference%20between,the%20company%20during%20its%20IPO): + +>Additional paid-in capital (APIC) is the difference between the par value of a stock and the price that investors actually pay for it. + +So the last financials had [GameStop ATM offering which was $551M](https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program) raised, which means they are saying that $31M was the price investors actually paid for it but the value came into the company. I know that might hurt your head, but let's revisit a certain equation for business: + +**Assets = Liabilities + Shareholders Equity** (*see edit 2*) + +Ahhh so "Total stockholders' equity raise from $352M in Q2FY2020 to $879M in the most recent filing. That's a difference of $527M and explains why the "Additional paid-in capital" is high. The value is so large because of the great decisions the previous CEO made in stock repurchases: + +>In aggregate, during fiscal 2019, we repurchased a total of 38.1 million shares of our Class A common stock, totaling $198.7 million, for an average price of $5.19 per share. We did not repurchase shares during fiscal 2018 or fiscal 2017. As of February 1, 2020, we have $101.3 million remaining under the repurchase authorization. + +[Page 23 of FY2019 report](https://news.gamestop.com/static-files/9d2139e1-31c7-498f-ad95-63db1e6d085a) + +Share repurchases = greater Shareholders Equity, we're gaining wrinkles today! + +**That means we're going to see a much bigger change on the coming financial reports, remember we raised again in June?** + +[$1.126B was announced on June 22, 2021](https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program-0) and sent our world into a frenzy. Since we already saw what the first raise did to our report, we're going to see that "Additional paid-in capital" value be high again, but it's going to be more interesting this time. GameStop sold 3.5M shares for the $518M, then 5M shares for the $1.126B; there was a difference in average share price raised. + +In the calculation of "Additional paid-in capital" there is a value used for the "par" value of that stock price. Did the first round of funding increase the par value and we'll see the gap be less? My suspicion is that the "Additional paid-in capital" is actually a balancing row for the financial report in this case. There will be more "Cash and Cash Equivalents" on the books next quarter, but if the money was used effectively, the difference should be getting less overtime. This is something we can directly measure: + +$518.5M / 3.5M shares = $148.14/ is the additional capital paid per share + +What was the price of GameStop during that time again, before (4/26/2021)? + +https://preview.redd.it/wobnkv8s5ul71.png?width=1976&format=png&auto=webp&s=e93b1bcdb9087d7eae99c5baf80aed333c42d6af + +🤔So GameStop definitely sold shares above $148.14 and I honestly don't know what number they would/could use as the "Par" value of the stop. If they can use historical numbers, I'm sure they would pick the lowest number they could which would be somewhere in the $5-20 range. The math works out here for sure. + +Looking forward, we'll want to see the **Additional paid-in capital** reporting to compare to here, we'll have a formula like: + +Reported Additional paid-in capital / 5M shares = $XXX is the additional capital paid per share + +**I'm expecting the number it be less but honestly don't know, it will be good to see either way. If any other apes want to share their knowledge on the topic (Additional paid-in capital), that would be very helpful!** + +# Condensed Consolidated Statements of Operations + +https://preview.redd.it/lozhirrt5ul71.png?width=1390&format=png&auto=webp&s=f827f65f882f67825beb627fd4ec4591f1820fa6 + +Q2FY2020 + +[Q1FY2021](https://preview.redd.it/6w1akkru5ul71.png?width=1384&format=png&auto=webp&s=355cfbc734fb211d06fb79a95a67dc33f89efd39) + +It looks like net sales are on a steep decline when looking at Q2FY2020, but the Q1FY2021 report shows a clear turn around. MSM is quick to point out that the stock is overvalued, but I would argue on these numbers that the analyst consensus is putting aggressive measures to justify the valuation. Follow the numbers on this one, you can see the "Basic loss per share" go from -$4 in previous years to -$1.71 in Q2FY2020 and to -$1.01 in Q1FY2021. So there has been continual improvement in a key metrics, losses per share. + +I also notice that "Net loss from continuing operations" has decreased significantly overtime! This was part of the original thesis from RC, I always love seeing data points that show the plan in action. + +# New Reporting Sections for top of report + +If you look at Page 8 of the Q1FY2021 report, GameStop is now reporting a breakdown of the revenue by category which wasn't done in the past: + +&#x200B; + +||May 1, 2021|May 2, 2020| +|:-|:-|:-| +|Hardware and accessories|$703.5 M|$513.1 M| +|Software|$397.9 M|$417.0 M| +|Collectibles|$175.4 M|$90.9 M| +|Total|$1,276.8 B|$1,021.0 B| + +So collectibles almost doubled year over year, gotcha. Those top brands I've been doing DD on have some awesome brands in the collectibles category! We'll want to keep a look out for the new data coming out next quarter in this category! + +Apes are finding their old gift cards📷 + +I just thought this was hilarious, I imagine $21.2M in gift cards were found at parents houses around the world because of everything that has happened + +# Summary + +The biggest thing I notice from all of this is the expected revenue numbers, Yahoo is showing $1.12B with the highest estimate $1.15B;GameStop had "Net Sales" of $942M in Q2FY2020. The estimates bring an expectations of 22% Year-over-year (YoY) growth in annual sales. + +The previous quarter (Q1FY2021) brought in $1.276B for net sales; Q1FY2020 brought in $1.021B for net sales. This was a YoY growth of 24.97%. + +So I guess the real question for you as an individual investor, do you think GameStop had a better Q1 this year or a better Q2? I personally think this earnings will be pushing that 25% growth number. Just remember last quarter sales were $1.276B, consoles still sold out, e-commerce constantly expanding, I've been buying a lot at GameStop so that will probably have a material impact. + +# tldr; if you weren't jacked for earnings, you should get jacked + +If you want to look at any of the financial reporting, I get it from the best source: [https://news.gamestop.com/financial-information/quarterly-results](https://news.gamestop.com/financial-information/quarterly-results) + +I can't wait to hear the comments that this isn't news! + +Edit: fixed date in column table header. Both columns showed “2021” + +Edit 2: Adjusting the accounting equation as what I have is technically wrong and I’m changing it. Liabilities is typically always a negative so my brain has that assumption but I didn’t make any notes. The correct business equation: + +**Assets = Liabilities + Shareholders Equity** + +https://en.m.wikipedia.org/wiki/Accounting_equation + +Also adding some clarity on the par value after getting provided some more links. It seems that par value is probably $0.01 meaning the average share sale price was probably around ~$148/share. + +https://www.investopedia.com/ask/answers/why-would-stock-have-no-par-value/ + +> No-par value stock doesn't have a redeemable price, rather prices are determined by the amount that investors are willing to pay for the stocks on the open market +&#x200B; + +[ Pin-ception: When there is just too much important stuff that needs to be seen. ](https://i.redd.it/js9xj6eqeye71.gif) + +# 🚨 = New + +&#x200B; + +[ New here? Start with these: ](https://preview.redd.it/dbsjter1fye71.png?width=1895&format=png&auto=webp&s=8aba7975660e1d97d57a13042403b7f235a8fc1b) + +🚨 [**A Non-Exhaustive New User Intro to GME**](https://www.reddit.com/r/Superstonk/comments/p4aa7o/a_nonexhaustive_new_user_intro_to_gme_pinception/) + +[**Rules - Superstonk's rules, please read before submitting content to Superstonk**](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +[**FAQ - Foundational knowledge for the GME Saga**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +&#x200B; + +[ Important announcements from the mods: ](https://preview.redd.it/84oilnc6fye71.jpg?width=1895&format=pjpg&auto=webp&s=64dfc307f3d509af03da5491aff6cf28c3461eea) + +**Karma Requirements -** + +As many of you know our sub's Karma requirements are quite strict; too Strict, many would say. We are constantly evaluating the risk/ reward of lowering the requirements so stay tuned for updates. **The submission requirements are currently as follows:** + +Posts: 4800 Karma / 240 Days | Comments: 1200 Karma / 120 Days + +🚨 **Superstonk Awards Contest** **- Closed, winners to be announced ASAP (Sorry for the delay, I took some much needed time off - B\_T)** + +https://preview.redd.it/9dufumklfye71.png?width=1895&format=png&auto=webp&s=6c10f6c01f6075acb13e1a44eaa2cd4fa1b2a179 + +**The Puzzle Pieces of Quarterly Movements -** u/Criand + +[https://www.reddit.com/r/Superstonk/comments/pb22oj/the\_puzzle\_pieces\_of\_quarterly\_movements\_equity/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/?utm_source=share&utm_medium=web2x&context=3) + +🚨 [Daily Stonk August 31st](https://www.reddit.com/r/Superstonk/comments/pf3g38/the_daily_stonk_31_aug_2021/) \- [u/Blazlyn](https://www.reddit.com/user/Blazlyn/) + +Keep up to date on the latest GME saga news. This day, brought to you by Blazlyn + +[**Quanting a SeptemBRRRRRR to RememBRRRRRR**](https://www.reddit.com/r/Superstonk/comments/pdqncw/quanting_a_septembrrrrrr_to_remembrrrrrr/) \- u/MyPlayProfile"I will be connecting some dots, both new and old, providing detailed quantitative analysis, speculating on what I believe happens next with the GME stonk and explaining why and how I have put money at risk on that speculation" + +[**So you need a little confirmation Bias**](https://www.reddit.com/r/Superstonk/comments/ox2r2o/so_you_need_a_little_confirmation_bias_its_been_a/) **-** u/anonfthehfs + +"Keep Strong. Apes are right. You are sitting on a winning lotto ticket. The numbers have been drawn and you won..... Now everyone is trying to convince you that you didn't; just so you don't collect your winnings. They are throwing every obstacle in your way but you hold that winning ticket. The price of the stock and their manipulation can only last so long.......and at the end of the day if you held.... you will change your family's life!" + +[**Guides for routing through IEX**](https://www.reddit.com/r/Superstonk/comments/p2ewq9/a_brokers_guide_to_iex_routing_including_how_tos/?utm_medium=android_app&utm_source=share) \- [u/HelloYouBeautiful](https://www.reddit.com/user/HelloYouBeautiful/) + +"The goal is to compile a list of brokers who do IEX routing, along with a link to some DD which shows how to route your trades through IEX with each listed broker. " + +&#x200B; + +[ ](https://preview.redd.it/pwgktespfye71.png?width=1895&format=png&auto=webp&s=371cdc8de323752306c0bef5997f2534671487a7) + +[**God Tier DD - Compilation of Important DD of the past**](https://www.reddit.com/r/Superstonk/) \- u/jsmar18 + +[https://www.reddit.com/r/Superstonk/comments/p4aa7o/a\_nonexhaustive\_new\_user\_intro\_to\_gme\_pinception/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/p4aa7o/a_nonexhaustive_new_user_intro_to_gme_pinception/?utm_source=share&utm_medium=web2x&context=3) + +[**Tools of the Trade**](https://www.reddit.com/r/Superstonk/comments/p1q4kv/tools_of_the_trade_pinception/) **-** u/jsmar18 + +"Welcome to tools of the trade, where you can find all the handy links you need to do your research, find previous DD and more. + +This will be a living post and updated regularly with your recommendations and feedback" + +[**The GME Masters Guide**](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/?utm_source=share&utm_medium=web2x&context=3) \- [u/Blanderson\_Snooper](https://www.reddit.com/u/Blanderson_Snooper/) + +"TL;DR: A chronologically and topically organized guide to the DD that explains the situation at hand and the history of the Apes' contributions to one another. This can be used to quickly get new Apes up to speed, or to confidently shoot down FUD and leave evidence for those who find the comments and posts later." + +[**Gamestop.com - For all your shopping needs**](https://www.gamestop.com/) + +[**GameStop Corporate - News, Info, Filings, etc.**](https://news.gamestop.com/) + +&#x200B; +Hi all, + +Looking for a few recommendations beyond "contribute to retirement plans" + +I own a pass through LLC business with 10 employees that generated about 650,000 in profit for me. I also generated another 100k in consulting fees and I exercised options for another 100k in revenue. + +My tax bill is DISGUSTING. living in NYS I also have high state taxes. + +I own a home and have a mortgage on it. I've got about 1,000,000 in loose cash I can use for investments. I am married with two children and both my parents are alive and I'm an only child (in case leaving money in trusts under their names would help) + +What can I do to lower my tax bills in future years? + +&#x200B; + +If you guys know any great tax lawyers please DM me recommendations! +There are plenty of reviews on Capital Mind smallcase and Weekend Investing smallcases and it seems those smallcase users are very satisfied with their experience. However, momentum investing is just not my thing and it seems like the smallcases subscribed most are based on the Momentum strategy. There are very few smallcases catering to Value investing and dividend investing almost seems non-existent in India (or atleast on social media). + +Honestly, I feel like smallcase is an excellent platform to introduce retail investors to a portfolio of Value stocks or Dividend stocks, that usually is only available to retail investors who personally subscribe to PMS services which requires an initial investment of >₹50lakhs. Investors with an initial capital of <₹50lakh but the capability to invest in a SIP manner are left high and dry. +The very few smallcases that do exist based on Value investing/ Dividend investing by Green Portfolio, Wright Research etc. aren’t subscribed enough, hence there’s less incentive for smallcase as a platform to promote it, and the retail investor isn’t persuaded to subscribe to those smallcases which shows a CAGR of 10-20% while momentum smallcases are displaying CAGR >100% (i know this isn’t at all accurate and there were changes made to the CAGR calculations). This ultimately leads to very few reviews or user experiences shared online on these smallcase. That is what I am struggling to find. +What are some ways to "invest in yourself" where the expected return is way higher (maybe) than what you'd get by literally investing the money instead? + +One basic example I have in mind is "hire an executive coach", but I'm hoping for more ideas. +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 year I sold all my rare Pokémon/Yu-Gi-Oh cards and some other old rare nerdy things and now I have around £15k cash. I want to put the cash in my bank but I'm scared the bank might ask where I got this money from? All this was sold in person and some on eBay. Appreciate everyone's help +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'm a second year university student. The cost of my university per year is ~$10,000. My family is able to pay for all four years of university. My goal is to become financially independent by trading forex. I have been devoted to learning algorithmic trading since I was 16 years old (I am 19 now), my mentor is a hedge fund manager, and I have won national trading competitions in my country. I think I am ready to trade with real money. + +My plan is to take out $10,000 in student debt, and use my family's money to start trading. +APR: 7.5% +I'll have to pay my debt off before I'm 32 years old. + +What are your thoughts? +I recently (after investor day) did a deep dive into Alibaba's business for my research on making a personal investment decision, and put it all into a blog post to share, with hopes it will help someone else! + +A few highlights that I look at: + +* Different segments of Alibaba, what they do/how they're growing +* Revenue Growth +* Net Income +* Cashflow +* Share Buybacks (really hoping they loaded up when share price was $110!) +* Potential Risks +* DCF Valuation + +[https://www.stockdeepdive.com/blog/alibaba-deep-dive-discounted-cash-flow-calculation-intrinsic-value/](https://www.stockdeepdive.com/blog/alibaba-deep-dive-discounted-cash-flow-calculation-intrinsic-value/) + +Hopefully it provides value to someone! Let me know what you think of Alibaba and if you disagree with my valuation! +Hi everyone, I just released a new article for my "In the Spotlight" series. + +In this article, we talk about **Crocs Inc. ($CROX)**. Crocs has had an insane run where it rose 2000% from March 2020 lows due to covid tailwinds. Currently, the stock has decreased 64% since its all-time high back in November of 2021. + +In this article, we go a little bit more in-depth about what to expect next and what to look out for. + +Check it out by clicking [HERE](https://stockinfo.substack.com/p/crocs-inc-crox-just-an-ugly-shoe?r=19pqks&s=w&utm_campaign=post&utm_medium=web) + +Where do you guys think $CROX will be in one year? +Personally I don’t really mind telling my friends how much I make (90k+car+super) but I often find my friends feel awkward about sharing there’s- but really is that big of a deal? What’s your feelings about it? +>In what could potentially aggravate trade tensions between India and the US, New Delhi has decided to impose long-pending retaliatory tariffs on 29 US products. Washington had withdrawn duty-free benefits for Indian exports under its Generalized System of Preferences (GSP) effective 5 June. +> +>According to the current notification, the retaliatory tariffs will come into effect beginning 16 June. +> +>India had repeatedly postponed the imposition of retaliatory tariffs of $235 million on import of US goods worth $1.4 billion since they were first announced on 20 June 2018. +> +>Trump has often termed India a “tariff king" and repeatedly pointed to the 50% duty that India imposes on imports of Harley-Davidson motorcycles. + +[*Livemint*](https://www.livemint.com/news/india/india-finally-retaliates-in-tariffs-tit-for-tat-with-us-1560504965702.html) +We have been accomplishing so much, just hanging with us in discord you can see the cohesiveness of the community within seconds. + +Tomorrow we have a 3 day sponsorship post going up on a facebook group with a 150k members all looking for the next moonshot, and I'm giving it to you now! + + +We have been knocking out goalpost after goalpost, and this is all still less than a week in! + +This community is amazing, we have a core of over 30+ people who are constantly working on something to put out, each and every day. + + +And we had our website domain registered over a month ago, before the Elon tweet popped out and a bunch of soulless money grubbers tried to capitalize on our beautiful idea. +We are the TRUE baby shark on a mission to clean up the ocean and save our little sharky friends. + + +This weekend we will be making our first donation, and revamping our website! + + +Last night we got trending on Cryptomoonshot dot net!! + + +There is so much to look forward to here, I urge you at the very least to do yourself a favor and check us out. I was early to a lot of great projects and made substantial gains on them. I truly think this could be one of the next biggest things to go viral and extend it's reach to a bunch of non-coiners who never saw themselves even investing in crypto in the first place. Saving the baby sharks is something we can all get behind! + + +Website: [https://www.babysharktoken.com/](https://www.babysharktoken.com/) + +&#x200B; + +Telegram: [https://t.me/BabySharkToken](https://t.me/BabySharkToken) +Contract: 0xcc9b175E4b88a22543C44F1cC65B73f63b0D4EfE +Hi everyone, + +I’ve been lurking here for a year, and I used to post under another account. I don’t use that account anymore because it was mostly my mental health account, I don’t like the memories now that I’m happier. Moving on. + +I work in tourism, and my job is particularly exposed to the higher education industry as well. As such, my company is facing complete financial ruin. It looks like I’ll be out of a job in a couple of months at the most. + +When I used to post here, I’d put forward all sorts of thoughts about a certain stock, or an ETF, or a small side business, or whatever. I’d argue healthily with people, and sometimes we’d all be dicks. This sub isn’t know for being overly forgiving towards stupidity. + +The one thing that everyone *always* drilled home was to have an emergency fund. No matter what the situation, the advice was always to get a bunch of cash saved for a terrible situation. + +Ridiculous, I thought! I’m making close to $100k a year, life is good, I can go on holidays and afford nicer meals, and my job is safe. Well, now it’s not safe. The terrible situation I always thought was never coming has now come. + +Thanks to this sub and your obsession with emergency funds, I now have almost $30,000 cash just sitting in bank account. With my partner continuing on in her full-time role as a teacher, we have zero financial stress or concerns in the medium-term and will simply be more frugal. + +I feel amazing right now, and the anxiety over losing my job is almost non-existent. I’ll be ok, thanks to you annoying bunch of financial prudes. + +I appreciate you all. +Hi everyone, + +I’ve been lurking here for a year, and I used to post under another account. I don’t use that account anymore because it was mostly my mental health account, I don’t like the memories now that I’m happier. Moving on. + +I work in tourism, and my job is particularly exposed to the higher education industry as well. As such, my company is facing complete financial ruin. It looks like I’ll be out of a job in a couple of months at the most. + +When I used to post here, I’d put forward all sorts of thoughts about a certain stock, or an ETF, or a small side business, or whatever. I’d argue healthily with people, and sometimes we’d all be dicks. This sub isn’t know for being overly forgiving towards stupidity. + +The one thing that everyone *always* drilled home was to have an emergency fund. No matter what the situation, the advice was always to get a bunch of cash saved for a terrible situation. + +Ridiculous, I thought! I’m making close to $100k a year, life is good, I can go on holidays and afford nicer meals, and my job is safe. Well, now it’s not safe. The terrible situation I always thought was never coming has now come. + +Thanks to this sub and your obsession with emergency funds, I now have almost $30,000 cash just sitting in bank account. With my partner continuing on in her full-time role as a teacher, we have zero financial stress or concerns in the medium-term and will simply be more frugal. + +I feel amazing right now, and the anxiety over losing my job is almost non-existent. I’ll be ok, thanks to you annoying bunch of financial prudes. + +I appreciate you all. +Hi everyone, + +I’ve been lurking here for a year, and I used to post under another account. I don’t use that account anymore because it was mostly my mental health account, I don’t like the memories now that I’m happier. Moving on. + +I work in tourism, and my job is particularly exposed to the higher education industry as well. As such, my company is facing complete financial ruin. It looks like I’ll be out of a job in a couple of months at the most. + +When I used to post here, I’d put forward all sorts of thoughts about a certain stock, or an ETF, or a small side business, or whatever. I’d argue healthily with people, and sometimes we’d all be dicks. This sub isn’t know for being overly forgiving towards stupidity. + +The one thing that everyone *always* drilled home was to have an emergency fund. No matter what the situation, the advice was always to get a bunch of cash saved for a terrible situation. + +Ridiculous, I thought! I’m making close to $100k a year, life is good, I can go on holidays and afford nicer meals, and my job is safe. Well, now it’s not safe. The terrible situation I always thought was never coming has now come. + +Thanks to this sub and your obsession with emergency funds, I now have almost $30,000 cash just sitting in bank account. With my partner continuing on in her full-time role as a teacher, we have zero financial stress or concerns in the medium-term and will simply be more frugal. + +I feel amazing right now, and the anxiety over losing my job is almost non-existent. I’ll be ok, thanks to you annoying bunch of financial prudes. + +I appreciate you all. +So I'm just waking up from a drunken blackout and discovering the chaos. + +Blitzed my savings, overdraft and maxed my credit card. Roughly £6k in total all gone on Ladbrokes.com in 1 night. + +I've chucked what's left of the booze but that's for a different sub. + +The mortgage is due Tuesday, hopefully I can extend my overdraft to cover until payday. + +I'm just looking for some inspiration and how to pick up and start again. It took me so long to get my finances into a good place. + +I'm thinking cancel the credit card and arrange a repayment plan, maybe start locking most of my savings away each month? +So lately the market has been going down and people might have gotten some bloody days in their portfolios. The correction has affected tech the most as the Nasdaq is about 8% from its all time highs. + +The correction has happened because of number one: Rising treasury yields and number two: Sector rotation. Reopening plays are currently the trend that big money likes and money has gone there recently. + +This doesn’t mean that tech is bad in the long term. Stocks go down sometimes and this is the moment that it’s happening. But there is a silver lining to this story... + +This gives us a good opportunity get your favourite stocks at a cheaper price. Averaging down is a very delightful thing to do and this is a perfect opportunity. And even if we continue to go down, it’s ok, since you can average down even more. + +Another thing that I want to say is that you shouldn’t listen to the media too much. It’s their job to create havoc and drama in the stock market. Their opinions change every week almost, and it’s kinda funny sometimes. One week they say that you shouldn’t sell and another day CNBC reporters tell us how big tech is in a bad place and you should move to industrials, travel, etc. + +You have YOUR own plan. Do your plan and don’t listen to those whose job is to dramatize things. The stock market needs patience. Investing is for the long run. + +Don’t look at the 1 day chart all the time. It can be very toxic for yourself, especially during a red day. So just chill and remember that your time horizon is in 10 years, not tomorrow. + +That’s my 2 cents, have good one everyone! +We paid off all but £16k since 2017 and then through a “small” inheritance we managed to knock the last £16k on the head last night. We were paying about £1k a month to StepChange. + +It’s bittersweet ofc as I’d rather my grandpa was still here but he’s provided us a debt free life (apart from mortgage ofc) for the first time. + +I will now be following the flowchart even more keenly to keep better hold on our finances. We have both said we will never get credit cards or loans ever again - we’re just not disciplined enough to have them. +30, \~$2MM in VTSAX, basically $0 in anything else. + +I dont think this strategy is optimal, but it feels like good ROI for basically spending no mental time & effort focusing on investing. + +I think there are good reasons for allocating to international markets, but I've just never bothered. Obviously the last 10+ years have been favorable to the US market, though that wasn't part of my plan per say. + +Am I being dumb / reckless? Any time I look into other strategies they feel like relatively small optimizations, TBH, though I'm no expert. E.g. + +* 10-30% international allocation. seems like this hedges some risk +* 10+% bonds. seems to reduce volatility, but my horizon is pretty long so it feels like the higher returns from 100% stocks is useful. +* active management / robo investment. seems like the benefits here are smaller than the management cost + +i'd appreciate any perspective here; i see a lot of folks on the internet with simple portfolios like all-in-VTSAX with <=$1MM, but not much discussion on it for larger portfolios +Was chatting about this with some friends. Some didn't want oil and gas but held the FTSE100, others didn't want meat but hard to get away from that if you have a global index. Want to continue the chat! + +Whatever your ethical/whatever values... would you give up any return to recreate your current portfolio just without industries you don't support? + +Giving up 1% p.a. to remove oil & gas, tobacco and coal would be fine for me +As the title says, I wanted to buy some Oatly stocks, but couldn't. I called my broker (IWeb) who explained that this is not down to them, but that the UK government prohibits the purchase of some stocks in ISAs and I would need to purchase through my regular share dealing account. + +I have googled for an answer, but I can't find any relevant information. + +Can anyone confirm that this is indeed not the decision of Iweb but common practice and explain the reasoning behind this from the government? please note I have already completed US trading paperwork like 8Ben. + +many thanks +Myself and my partner just went to an auction in Kelvin Grove, Brisbane. We’ve seen up to 30% growth in this suburb in the past year. + +1 month ago we saw a similar size property with a super run down house in a much less affluent suburb go for 1.7M. + +Today’s house - 5 bed, 3 bath, newly renovated, excellent location and school catchment - had no interest above 1.4M and the vendors set a reserve price of around 1.7M. + +We are also seeing a lot of houses going up for sale and saying “contact agent”, “make an offer” or even some with a definite price. + +What does everyone else think? +I discovered FIRE about 6 or 7 years ago. At first, I was obsessed with it. I read all the blogs, tried all the super-frugal tips, made plenty of excel spreadsheet projections, checked my investment balance daily, etc. But after a while, it became repetitive and my interest waned. There really wasn't much to this whole FIRE thing. But no matter how boring or repetitive the content on this sub was, I checked it every day because my thoughts always drifted back to FIRE. + +FIRE was hope for me. Every day I woke up and as my consciousness miraculously reconstituted itself and I recalled who I was, where I was, and what I'd soon be doing with this precious and limited gift of life I'd once again been granted, there was a 5 out of 7 chance my first thought would be "*Oh god...not another one of these...*" My job was miserable, but the people who set the salary knew it was miserable and paid appropriately high amounts in order to keep some poor schmuck doing it. The dominant, rational part of me rejected changing careers or fields. *Maximizing your earnings is the most efficient way to minimize your career length. You can endure this!* So whenever work became too much to bear, I always found myself fantasizing about FIRE. The day I could buy my freedom. The day I would own myself. + +Somehow I made it six years on pure fumes and cynicism. Looking back, I'm not sure how I did it. I'd always planned to make a "I just RE'd!" post here and get told to go fuck myself. But the moment I retired I just allowed myself to be swept up by life. I let my whims guide me for the first time in over a decade, rather than carefully rationing out available time. I started doing things I "didn't have time for" before. I started writing for fun, I paid more attention to relationships I'd been neglecting, I played the same video game 3 times through back to back just because I wanted to, I went down wikipedia rabbit holes for hours, I and a friend became obsessed with a board game and sunk over 100 hours into it (and counting), etc etc. + +Today was the first time since I RE'd two months ago that I remembered that I used to be really into FIRE. *Used to*. As soon as my career was out of the picture and my hope was realized, I had no further reason to fantasize - I was living it. Upon returning to this sub and browsing through these familiar-looking threads, I found they held no appeal to me. If anything, they make me feel uneasy. They remind me of a bleaker time. + +I'm not sure if I made a mistake. Maybe I'd have been better off on the whole if I'd taken a lower-paid, less miserable job. Maybe it would've made those years easier to bear. But if I did that, I wouldn't be retired right now. And I wouldn't wake up each weekday with a smile, deeply appreciating just how lucky I am. +For me, it's the concept of [market externalities](http://en.wikipedia.org/wiki/Externality) and how they can produce market failures. It's a simple economic justification for a lot of things, like health insurance and environmental protection, because it shows how government subsidies or taxes can actually improve a market outcome. + +Seriously you are going to have a very hard time convincing a non gamer boomer , any of them, about gamestop and its future, they will invest based on earnings, not speculation that we are doing(smartly because most of us are gamers and know...). Ive crawled through his posts and its clear as day he thinks A. Theres no criminal activity on citadels part regarding gme. B. Gamestop is over valued C. The squeeze has sqouze. D. NAKED SHORT SELLING DOESNT HAPPEN BECAUSE ITS ILLEGAL +........ + *HITS BONG IN INDIANA* +.... + + +All of that is BULLSHIT so why are so many accounts begging for this chicken farmers opinion just because he called out fraud that he profited from calling out in the past. Man made a post in january saying he has all the evidience to blow up citadel and then just does nothing with itt? +Tells us our DD is missing something huge but doesnt say what so youll give him ama time to find out what "it" is which is likely something in a DD he just hadnt taken time to read yet. Dr t and lucy and carl make this man look like a joke. + +The dude has nothing to offer and wants his twitter to break 6 figure followers. The end + +If he was really on our side hed be using the info he claims to have to help us, whether we give him a platform or not. Hes not doing that. + + +If i had info that would blow up citadel, or a missing chunk of your DD. Id get that shit out there and would not demand an AMA platform to "unlock the secrets". + +Marc, call the SEC. Not superstonks. +We dont need new info. Buy hold vote settles everything. + +Ps his big reveal is going to be he thinks longs are manipulating the price up, to trap shorts. Not shorts pushing it down. This is a published opinion of his. + Cuz hes a short, so has issues with longs more often than longs do. Its just his perspective and does nothing for us. +When a companies shares are being sold isnt there someone on the other end buying them? if so what makes the price go down, and on the other side what makes it go up, is the nyse or lse changing the price of the stock as it gets sold or something. What is the mechanism by which the price changes? Sorry if this question sounds a bit retarded im kinda confusing myself too +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* +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. 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Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. 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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 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). +Hey, +Everyone here seems to be either recommending or using Degiro. I gave it a look and it in fact looks nice, but I have a question regarding investments in US Stock market - am I supposed to somehow calculate and pay my taxes there if I make any money? I know I need to pay taxes where I live, that's kind of obvious, but I'm wondering how it works if you invest abroad. + +Not sure if it makes any difference - I live in Poland. + +Thanks in advance! +I'll be moving around the EU a lot in the next few months (up to 1 year), so I'm closing down my main bank account because it's too much hassle with physical addresses and having to do certain requests in person. I also won't have permanent residence registered anywhere for a while. + +In terms of balance, it's gonna go up to 10k EUR. Card payment and cash withdrawals are the usual on a daily basis (30-50 EUR payments per card or larger 100-200 EUR cash withdrawal). + +Anybody in a similar situation, which one did you prefer? + +Revolut has accounts with monthly fees (for larger cash withdrawal options), whereas TW simply charges 2% once you go over the monthly limit but the account is free? I didn't figure out what N26's fees for cash withdrawal in other currencies (since EUR is without fees) for the free account are, maybe 1.7% ? + +EDIT Thank you for all the good suggestions and sharing experiences! +This sounds crazy. Very crazy, tinfoil hat even.... But hear me out. + +Hedgies are fuk. Everyone knows it. We all know it. All shorts must cover. Everyone knows it. Media won't touch GME with a 2000 ft pole. Media is paid off and complicit. It's not "if MOASS" it's "wen MOASS". + +There was a DD recently about some "live" liquidity testing. Something in the realm of 40k volume in buys was enough to raise the price that it took 180K shorts to bring the price back down. The hypothesis was that this was long Wales testing the extremely unstable waters with very little capital. I say it's the opposite. I think it's Kenny testing the liftoff. Why? Cause it's exactly what I would do. + +If I were a pompous, greedy, ego maniac that was backed into a corner like a wet cat with literally NO escape except kicking the can, I'd want to Fuck over anyone else in my path. Nobody wants to be the last HF holding the shorts. What's the next best thing? Be the first..... + +As I see it, if I were Kenny, here's how I would do it. + +1. Live liquidity testing on shit volume days. See how unstable the price is with differing amounts of buy pressure. Basically take your foot off the break and tap the gas peddle. Test the MOASS. Bring the price up and back down. Do it a bunch of times to see which other HFs start to freak out. Know who would fall first in the chain. + +2. Start spreading FUD about all the other HF short on GME. It's not just Shitadel and we all know it. We're waiting for the little dominos to knock over the big one's, but if the end result is the same (all shorts must cover) and there's literally no way out, I'd start changing my image from the only bad guy to "one of many" bad guys. Get their names out there. (We've seen this recently) + +3. Compile PFOF data. They get (or used to get) almost the entirety of the order flow data from brokers. They can within a pretty good estimate determine the FED'S max pain. When I say the FED's max pain, I'm talking March/April/May 2022. Why? Cause that's when the majority of the retail float goes short term to long term. If the FED were to ever step in, it would be if they find out they are only getting 15% tax off the MOASS vs ~40%. Both scenarios work out. Trigger the MOASS where the largest number of stonks move to long term and maybe the FED will step in and save them (cause they know the FED wants that money) OR, Fuck the fed and take them down with em. + +4. Keep a VERY close eye on Cohen. Cohen has a crytp0 dividend in his back pocket. A reverse uno card. Based off #1 live liquidity testing, he already knows how long it would take where he would get margin called to start covering. If Cohen announced a crypt0 dividend, I would trigger the MOASS that very day within minutes. Before it can be issued, it takes 10 days from the announcement. Then if it's anything like overstonk, it could get lawsuits to suppress. All the meanwhile, he'd get to start covering in dirty dirty ways and hide as much as possible before all REAL shares are tied to a crypt0. + +5. As he starts to cover shorts and the economy starts to tank, counterbalance with some longs that will also moon. Anyone notice they are long on movie stonk? *Wink* *wink* + +TL;DR: +If I was a wall street prick with an ego bigger than the short interest on GME, the last thing I'd want to be is the next Bear Stearns. Last to hold the bag pays the most or closes it's doors. If MOASS is inevitable, I'd get out first. If I'm going down, Fuck everyone and they're all going down with me. But in NO way am I the last to hold the bag. I'd rather be first and brag about it in a TED talk a year from now. +I have the AMEX trifecta and just watched Dave’s video on how cash is better than credit cards. I pay my bill in full every month and capitalize on all offer and benefits of the cards. Am I really losing more money using a credit card? Should I switch to cash? It’s just I have student debt so I should I really be using cash instead or my AMEX trifecta system or a card with No AF to not have to pay AF and save more money? +This is for the new people. + +If you didn't know, the SEC has both a site where you can search for recent filings (linked below) along with an RSS feed you can subscribe to. The most interesting filings you'll want to look out for are 8-K, 6-K, 10-K, and you can narrow down your search to those. Finding a company which is on the brink of having nice gains is a detailed process, however with a bit of research it becomes easier. + +I'm not informed about the form types for Canadian stocks, so they may have different filings. I've included a link to CSE so that those can be searched as well. + +Happy Trading! + +US Stocks: https://www.sec.gov/cgi-bin/browse-edgar?action=getcurrent + +Canadian Stocks: https://thecse.com/en/trading/market-activity/company-filings + + +EDIT: + +Additional resources to learn about filings, how to read them, and how to use the above site. + +https://www.investor.gov/introduction-investing/getting-started/researching-investments + +https://www.investor.gov/introduction-investing/getting-started/researching-investments/using-edgar-research-investments + +Never invest more than you're comfortable losing, nothing in the stock market is guaranteed. +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! + +Back in March of 2015, I was hospitalized for some Respiratory Issues. A day later I was discharged and they told me everything was taken care of (I had given them my insurance info when checking in), and I put it behind me. + +Now today; Got an $800 collections letter for that incident. Between then and now, Not once has the hospital contacted me via phone or mail or by any other method to inform me of a past-due bill of any sort. Because of this, I'd assumed my insurance covered it. Unfortunately, I no longer have that insurance provider (It was from work, and they switched to different provider last year) + +I have not changed address nor have I gotten a new phone number since then, so there is no reason to NOT have contacted me to begin with. + +EDIT: Holycrap This exploded... It'll take a while to go though everything but thanks for the responses! +It’s about to be in full force since SHFs are running out of ammunition and apes are discovering what they really have been fearing. PS dont fuck with options if you do not know how they work. They can be great but they can also dig you deep into a hole. This is not financial advice. + +Edit: also be aware of the options vs not doing options FUD. It’s kinda hilarious how hard they are pushing this narrative. +After spending over 36 months on my bot, I've finally ingested enough data and run over million experiments and the yield I've back tested for the past 10 years with millions of iterations of entry/exit points yields a mere 13%. + +I've lost a lot of hair and time and well 13% is losing to SPY (in recent times) and it feels pathetic. +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! + +How do the TV Licensing people know who to visit? + +I've seen a few posts about TV Licence letters, and it got me thinking - how do they know? + +Do they just attempt to contact and visit every address that doesn't pay for a licence? If not, how do they identify who is illegitimately watching live TV with no active Licence? + +Also, I own a tourer caravan, and can watch TV at every site we visit - how do they know I have a licence registered at my address, and can watch tv away from home? + +Edit: I do have a TV licence, I was more curious on what the situation was +### Disclaimer: +I am not a financial advisor and this is not financial advice. I barely understand how the stock market works. Professionally I'm a network security researcher -- my job is to find and explain vulnerabilities in other complicated systems that my smooth brain barely understands. + +--------- + +Guess what you fucking idiot -- you aren't allowed to collapse the entire financial market in less than a week using a phone app. It takes more time. + +--------- + +# There are likely several million new synthetic longs of $GME, diluting the market, that were created on 01/28/21. + +They were created by a market maker (or possibly several market makers) to stop the beginning of a short squeeze that would have bankrupted hedge funds if a margin call hit them, which ultimately could have financially impacted those market makers once liability for the shares was transferred. These shares weren't borrowed from anyone. They're imaginary. Pure fiction. A promise only a handful of entities can make. + +The reason they did this was to buy time to save their own asses. [The reason they were allowed to do this is because regulations let them](http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html). + +The creators of those shares have 21 days to deliver. Until then, they aren't paying interest. There isn't a public record of their creation -- the closest insight we have to the number of synthetic longs in existence for $GME are the [failure-to-deliver numbers](https://old.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/), and $GME is a major outlier in that field. A fucking terrifying outlier. + +We aren't bleeding out a hedge fund by holding. Melvin very likely *is* out of their position after losing half of their fund. There aren't 'new shorts replacing the old'. Instead, a buffer of imaginary stock was created by a market maker to 'flatten the curve' when a massive number of shorts had to cover once retail buyers started rushing in. + +--------- + +# That's why you aren't seeing short interest increase even though there aren't any short shares left to borrow. + +**These assholes are praying that in the next month, retail buyers get scared, bored, or distracted.** They're spreading FUD, attacking with short ladders, hoping you watch the short interest drop and think it's over. They're counting on you to sell your $GME at a bargain rate so you can pay rent, because they think *you're just fucking retail scum betting on a shit company,* and they've been playing this game longer than you've been alive. + +They're also counting on you to obsess over things you can measure that they can hide. They want you to set rules and limits on when you're going to run away. + +--------- + +# Simultaneous to the creation of these synthetic longs, DTCC increased collateral requirements on 01/28/21 to purchase $GME to 100%. + +This led smaller brokers like Robinhood to restrict trading, depressing the price, conveniently making it less expensive for market makers to recover their synthetic longs. + +**The people that pushed this collateral increase knew exactly what would happen**, because *it's their job* to know what the impact will be when they make changes like this. + +DTCC openly stated they increased collateral requirements for $GME to reduce risk to their organization. **DTCC recognized financial liability in this squeeze could eventually reach clearinghouses if the market makers went bankrupt.** They know exactly what the failure-to-deliver numbers mean for this security. + +It's possible that DTCC created new collateral requirements in coordination with the flood of synthetic longs explicitly to make it easier to recover those shares. It is also possible these actions were taken without any coordination with market makers, because DTCC knows it could have dampened and stretched out a squeeze through this act alone. + +**Their strategy is to stretch out a short squeeze into a 'long high' they can recover from if retail shares are sold over time, since retail can't buy them back.** + +And the people working at DTCC likely rationalized this was 'the right thing to do' -- to prevent a systemic failure that could have impacted the entire stock market -- because preventing systemic failures is the only reason organizations like DTCC exist. + +Meanwhile, Robinhood -- the smallest player in the game -- honestly DTCC's buttboy in this scheme -- is going to be grilled by Congress over this shit. + +--------- + +# Did you think we were the only ones that saw a black swan event coming when we bought shares? + +The root problem is there are several players in the market capable of creating new shares without paying interest, capable of restricting trading -- and they all face severe financial liabilities if a squeeze happens. They want to turn the squeeze into a slow burn so the damage doesn't hit them. + +If we continue to hold, a squeeze could happen sometime around or after Feb 18th, or another market maker could create *even more* synthetic longs to dilute the market, passing the hot potato. This could make their problem even worse once *those shares* are bought and held. + +This could continue for an extremely long period of time until a financial regulator steps in and forces them to buy the shares they've sold. + +--------- + +**TL;DR**: + +WSB is being made into a fall guy for the collapse of the market due to the creation of a massive number of preexisting synthetic longs that were bought and held. To fix it, market makers decided to make more, but their cure is also a poison they can't stop taking. + +**Strategy**: + +Hold your positions, buy at any price you can afford to hold forever, and hope that retail owns more shares than the total number that exist for $GME. Contact the SEC and ask them to investigate and to halt trading of $GME -- time is on your side if the clock ticks down the deadlines for market makers, while the stock cannot be sold by paper hands. + +**Postitions**: + +100 $GME 💎🙌 -- but only holding for $10,000/share -- I'm not so greedy that I want the entire market to collapse. +"When the history of the modern financial era is written, there’s one comment that’s almost certain to merit inclusion: “Stocks only go up!” + +Sports-blogger turned day-trader Dave Portnoy’s pithy observation this summer was designed to both amuse and provoke. But if you’ve put money into U.S. stocks since the market bottomed out in 2009, the chances are you think Portnoy is basically correct. Plenty of professional asset managers would concur.  + +Perhaps the most important question for those considering investing savings today, when stocks are by some metrics among the most expensive they’ve ever been, is whether Portnoy’s philosophy is about to be turned on its head. In other words: “what if stocks don’t always go up?” + +There are reasons to think this fantastic period for the U.S. stock market might soon be followed by a prolonged hangover, possibly lasting a decade or more. Such a stretch of disappointing equity returns would have profound implications for millennials and generation Z. The standard advice around financial planning and retirement saving that’s worked so well lately — put your money in an index fund that tracks the market and forget about it — might no longer work so well. + +In the past decade, investors who bought an index fund that mirrors the S&P 500 Index and reinvested dividends have enjoyed a 13% average annual return, according to Bloomberg data. + +Even a deadly global pandemic that’s triggered a deep recession and widespread unemployment only briefly interrupted the ascendancy of U.S. stocks. The Federal Reserve rode to the rescue once more, and the S&P 500 hit fresh record highs (though lately investors have since grown cautious again). +Young investors may conclude that bumper returns are all but guaranteed in the years ahead. If only steadily rising stock prices were always the case. +Consider the FTSE 100, an index of some of Britain’s preeminent pharmaceutical, energy, mining and consumer goods companies. In price terms (ignoring the impact of reinvesting dividends for a second), the U.K. benchmark is lower now than it was two decades ago. It’s not alone. + +The Stoxx Europe 600 benchmark also remains beneath its dot-com-era peak while the MSCI emerging markets index topped out in 2007 and has yet to recover. The market that really refutes Portnoy’s assertion though is Japan: The Nikkei 225 index remains about 40% below its 1989 peak, when a massive financial bubble burst. + +"Stocks Only Go Up"? + +Following a financial bubble Japanese investors suffered years of poor returns + +Could the U.S. market face a similar fate? There’ve been bleak periods before, most famously in the two decades that followed the 1929 Wall Street crash. + +Long Hangover + +U.S. stocks took a long time to recover from the 1929 Wall Street crash + +As recently as 2012 the S&P 500 was below its 2000 peak. Value-orientated asset managers like GMO’s Jeremy Grantham think something similar could happen again, but it’s not just well-known Cassandras who worry. Hedge fund billionaire Ray Dalio of Bridgewater Associates and Blackstone’s vice chairman Tony James have both warned about a “lost decade” for equity investors.  + +If you’d followed GMO’s advice in 2013 to steer clear of American large-cap stocks and load up on emerging market shares, you’d have missed out on seven years of stellar returns. So what’s different now? +1. Extreme valuations +Equity valuations have grown even more extreme. During the pandemic, they have become completely divorced from economic fundamentals thanks to the Federal Reserve’s largess. A stock market bubble pulls forward expected returns from the future, setting investors up for probable disappointment later on. “It’s exactly when past returns are most glorious that future prospects are most dismal,” investor John Hussman, another famously bearish investment manager wrote recently. He’s described today’s menu of choices for passive, long-term investors as “the worst in history.” + +Expensive Stocks + +U.S stock valuations aren't at dotcom era levels, but they're certainly not cheap + +The CAPE ratio uses a ten-year average of inflation-adjusted earnings to smooth out short-term noise + +2. Ultra-low interest rates +Low interest rates are often portrayed as bullish for stocks because they boost the value of future corporate cash flows in today’s money and reduce the cost of servicing debt. But with U.S. short-term rates now at zero, the Federal Reserve may find it harder to juice the stock market. Ultra-low rates also reflect pessimism about future economic prospects. “When real rates are low, future returns on equities and bonds tend to be lower rather than higher,” Elroy Dimson, Paul Marsh and Mike Staunton wrote in Credit Suisse’s 2020 compendium of past market returns. “Investors should assume a sober view of the likely excess returns equities can generate from here.” +3. Profit margin reversion +A key determinant of equity returns, profit margins have been unusually high over the past couple of decades. But corporate profits have now suffered a massive hit due to the pandemic. Even without the virus, those oversize earnings should eventually dwindle as competitors spy an opportunity. Monopoly power may hinder this, but dominant tech companies are starting to face more competition and stricter antitrust enforcement. Globalization is also in retreat and workers are demanding are a fairer split of the rewards of capitalism. +4. An aging population +This is often considered a key reason for Japan’s prolonged stock market slump. Although the U.S. is aging less rapidly, the demographic changes underway are bound to have an impact on future equity returns. An aging population may be less productive, lowering potential economic growth. Furthermore, by 2030 the large and asset-rich U.S. baby boomer generation will all be over the age of 65, and they may need to cut their exposure to risky stocks or sell financial assets to fund their retirement, weighing on prices. + +While this all sounds bleak, it’s some comfort that over the very long term stocks have tended to go up. In nominal terms, one dollar invested in the U.S. market in 1900 was worth $58,000 by 2019, according to the Credit Suisse market returns study, or an annualized 6.5% return when adjusted for inflation. In the meantime, there are a few things young investors can do to avoid being caught out by a duff decade for U.S. stocks. +For starters, if returns are lower I’m afraid you’ll also need to save more to build wealth. Consider adding some exposure to non-U.S. equities, which may at last be due a period of outperformance relative to the U.S. And by reinvesting dividends you can still obtain decent returns even if stock prices go nowhere. (The FTSE 100 has fallen 19% since the turn of the millennium, but investors who reinvested dividends received a 63% return in that period.) +Hopefully, the gloomy scenario I’ve painted won’t materialize and U.S. companies will develop new technologies that power the economy and the stock market to new heights in the next decade. But if that doesn’t happen, you’ll be prepared." + + + +Source: https://www.bloomberg.com/opinion/articles/2020-10-31/personal-finance-what-if-stocks-don-t-always-go-up-advice-for-young-investors + +  +Back in March, long before a short seller would raise questions about electric-truck company Nikola Corp. and hasten its founder’s exit, **early investors in the company were expressing concerns of their own. Those investors, led by mutual-fund giant Fidelity Investments, were worried that Trevor Milton, for all his brash visionary talk and Twitter braggadocio, lacked the ability that Elon Musk possesses to deliver these sorts of newfangled products to market. They lobbied successfully to remove him as CEO before the company’s June IPO and for Milton’s father to leave the board, according to people familiar with the matter. When the deal was done, Milton only held the title of chairman, the post he resigned this month.** + +The back-room negotiations show that Milton’s past was a concern to investors months before General Motors Co. executives placed a bet on the company in a US$2 billion deal carved out after the IPO. They liked Milton’s vision and his ability to raise cash and felt the venture was safeguarded from his shortcomings in operations by his push upstairs, say people familiar with the matter. Nonetheless, the events that have unfolded since the short-seller report, with Nikola’s stock plunging amid a steady stream of negative headlines, have exposed just how high the risks still were. + +Now, it’s up to former GM Vice Chairman Steve Girsky, whose blank-check company VectoIQ took Nikola public via reverse merger in June, and Nikola CEO Mark Russell to stabilize the business and regain investor confidence. The plan with GM was to use Nikola’s hot stock and Milton’s ability to raise money to build a hydrogen-fueled trucking business with GM’s technology. + +“There is obviously someone on the diligence side who isn’t going to get a nice bonus this year,” said Reilly Brennan, founder of the venture capital fund Trucks Inc. “The best possible thing if you’re a shareholder is that Milton is no longer running the company and you have Girsky as chairman and GM providing technology.” + +The GM deal was originally scheduled to close Sept. 30, and the automaker has said it plans to carry through, but that timing may slip, say people familiar with the matter. BP Plc is still engaged with Nikola in talks to partner on a network of hydrogen fueling stations for fuel-cell trucks the company hopes to sell, but also is slowing the pace for a deal, said the people, who asked not to be identified discussing private information. BP and GM declined to comment. + +Milton’s tale reads like a Greek tragedy. The report by short seller Hindenburg Research accused Milton of overhyping Nikola’s technology and has prompted investigations by the Justice Department and U.S. Securities and Exchange Commission. A cousin has accused him of a decades-ago sexual assault, which he denies. The company’s value peaked at US$30 billion and is now worth about US$7 billion. + +Girsky and GM Chief Executive Officer Mary Barra have both said publicly that they did plenty of due diligence. People familiar with the matter say that GM found out when scouting the deal that it had better batteries and fuel-cell technology but joined forces because Nikola had a working semi truck and access to capital markets. In addition, GM will get paid to build Nikola’s Badger pickup on existing assembly lines. Milton was so excited to get the Badger pickup program moving that he signed a deal that heavily favored GM, one of the people said. + +Nikola’s stock and GM’s US$2 billion stake are worth less than half what they were on Sept. 8, when the deal was announced. Milton’s own stake is worth US$1.7 billion, down from almost US$5 billion at one point. + +Milton said in a June interview with Bloomberg News that he grew up in modest surroundings in Layton, Utah. His family moved to Las Vegas when he was very young and he lost his mother to cancer shortly after moving back to Utah in the sixth grade. He wrote on Twitter he didn’t finish high school, earning an equivalency certification instead, and later dropped out of college. His Twitter account has since been deleted. + +He grew up in a tight-knit Mormon family, according to Aubrey Smith, his first cousin. She went on social media recently and accused him of sexually assaulting her in 1999 when she was 15 and he was 17. + +In a public account on Facebook and Twitter, and repeated in a phone interview, Smith said that Milton came onto her at the funeral of their grandfather. He took her shirt off without permission, Smith wrote, and then he touched her inappropriately before someone knocked at the door and she ran out. + +Milton denied the allegations through a spokesman. + +Smith said Milton raised money from family members to get his start. He founded and ran several businesses, including a home-security company that Milton claims he sold for US$1.5 million. Next, in 2009, he founded an e-commerce platform called Upillar.com, which Milton claims “pioneered the shopping cart online.” + +Then he got into clean propulsion but ended up embroiled in litigation with dHybrid Inc., which he founded in 2009. The company retrofitted diesel vehicles with natural-gas-burning turbines, claiming the dual system had greater efficiency. + +But a deal with Swift Transportation Co. in 2010 ended in court when Swift alleged dHybrid defaulted on a US$322,000 loan and that it retrofitted only half of the agreed vehicles. The case was dismissed in 2015. + +Milton later tried to sell dHybrid to a company called sPower in May 2012 but that, too, got mired in lawsuits after sPower backed out and accused Milton of exaggerating its technological capabilities. + +Amid the litigation, Milton started another company with a very similar name, dHybrid Systems, selling it in 2014 to Worthington Industries. + +During an interview with Bloomberg in June, Milton said that dHybrid Inc. was a success but conceded that, “we ended up closing that one down because of some litigation.” + +His next startup was Nikola, founding it in 2014 in Salt Lake City before moving to Phoenix. Emulating Musk, he took the name from the electricity pioneer Nikola Tesla, and the company was soon billed as the Tesla of Trucks. His plan was seen as potentially disrupting the entire transportation industry by making trucks that ran on batteries or hydrogen-fuel cells. He also planned to build a network of hydrogen filling stations. + +Friends and Family + +Milton had friends and family members working for Nikola despite resumes that didn’t match the job. His brother, Travis Milton, is director of hydrogen and infrastructure. His LinkedIn profile shows that most of his experience was being “self-employed” in Maui. The short seller, Hindenburg Research, said that Travis Milton poured concrete as a contractor. Milton’s father Bill was originally on the board but stepped down when VectoIQ took the company public. + +The company’s stock prospectus said that Nikola had awarded more than 3 million stock options “to recognize the superior performance and contribution of specific employees.” The list included Travis Milton and an uncle, Lance Milton, the document said, acknowledging that they are relatives. + +As Milton went public with Nikola’s technology, questions soon arose involving his claims about the company’s fuel-cell system. He bragged in an investor video in 2019 that the company had created “what other manufacturers said was impossible to design.” But while Nikola holds patents in fuel-cell and battery technology, most of its planned hardware was coming from German supplier Robert Bosch Gmbh. + +Nikola Demonstrations + +It became clear that Milton had gotten ahead of himself. A 2016 demonstration showed a truck that didn’t have a working hydrogen-fuel-cell system and was missing key parts, people familiar with the matter said in June. Milton said at the time that the parts were removed as a safety precaution. + +In July of this year, he recorded a video of the semi truck in which he ran alongside the vehicle as it coasted at low speeds in a parking lot. Aping Musk’s combative social-media persona, Milton took a shot at his detractors saying, “these damned trolls, I wonder if they are going to apologize to everyone for the lies they spread the tens of thousands of comments about how fake we are.” + +Girsky said in the webcast “Autoline This Week,” in which Bloomberg participated, that he has been in Nikola’s fuel-cell trucks and that they work. + +Still, when the GM deal was done, GM will be supplying all of the technology for every global market except Europe. Nikola’s pickup truck, called Badger, will use GM’s Ultium battery, and the semis will run on a fuel cell developed by GM and Honda Motor Co. + +Since Milton’s departure, Nikola has billed itself more as an integrator of other technologies into its Badger pickup and semi trucks. + +For GM’s part, the automaker is protected from any financial downside. GM got 11 per cent of the stock for no cash investment and gets paid for its technology. If Nikola fails, GM won’t lose a dime. + +Milton has remained silent and is out of the company. He unknowingly presaged his own downfall in the June interview with Bloomberg: “Part of becoming a better person in life is losing everything you have got and having nothing left.” + +https://www.bnnbloomberg.ca/nikola-founder-milton-s-fall-reveals-what-his-backers-feared-1.1500376 +If there were an ETF bubble as Dr. Michael Burry has stated, what could the hypothetical scenarios entail and what would could trigger the burst. Massive over-leveraging of ETF'S or even the underlying shares/instruments would be my most plausible theory, what are yours? +https://i.ibb.co/8XqfrZG/18-D4-F52-E-4-AA9-4-A36-BED3-6-A807-AC560-D5.png + +https://etherscan.io/tx/0x57c32ad117f4e47b439cb13a9a5cb6495a4f94c0f3d6afccc45813e00b1554a3 + +For the first time since the original IMX token transfer for the Gamestop NFT marketplace on February 1, the Immutable X wallet has just transferred IMX tokens to its funding wallet. + +1,264,715,999 IMX transferred + +This is far more than needed for the contract of 3,747,323 agreed upon for launch. So this isn't the launch transfer to Gamestop. + +But this is huge as the wallet has only transferred IMX when sending to Gamestop. + +This could be it! We're close!!!! Get jacked! +Our mortgage is due the 1st, we pay on the 7th because payday. Second payday with monthly bonuses are on the 22nd (have been almost twice as much as the 7th base checks consistently and only expected to go up). + +Husband wants to start paying the mortgage on the 22nd, 2 weeks ahead of schedule, to leave us with more money on the 7th as normally 70% goes to the mortgage from that paycheck. He thinks it'll look good on us when we refinance early next year and will also help us not be stretched so thin. Advice? +It looks like I found a new housemate. He said he'd rather be a subtenant than on the lease with me because his credit is terrible due to "restructuring" (which I interpret as filing for bankruptcy) but he says he has a LOT of money in the bank that he can prove to the landlord. + +I don't mind if someone has filed for bankruptcy as long as he pays rent because he's employed. But is having filed for bankruptcy AND having a ton of money in the bank a red flag? I'm trying to think of what trouble I could be in, and I do think it may even be better for him to be a subtenant because I could kick him out if he didn't pay. I find it funny he's also an accountant, but hey, I'm not trying to judge because I suck at finances too. + +But I also wonder if I'm missing something...what could it be? TIA. +Real quick, lets just clear the air. WSB has ALWAYS been filled with assholes and degenerates. DFV took his beatings the ENTIRE time until it paid off. WSB doesn't play nice, if you post expect to be ridiculed ruthlessly lol. + +That said, his name is DEEPFUCKINGVALUE. He did DEEPFUCKINGVALUE plays, I'm talking warren buffet level 4-D chess lol. + +He didnt chase trends. Or buy something because someone told him so. He was ruthless and logical in his belief that AT THAT TIME, it was a very intelligent decision. He had his CFA. He KNEW what he was getting into. + +Be like DFV. Unless you're a degenerate gambler ready to lose it all. In which case...whats your next play? (Legit asking) + +Edit: Disclaimer i dont own ANY stocks or options right now, waiting for a play. No bias for or against GME. + +Edit2: for specifics on DFV's qualifications and experience. +I'm in my mid 20s working in finance and I've been looking at buying a multi-family house (3-4 units) in NYC, but wondering if I'm getting ahead of myself. + +I have about $125k in cash / near-equivalents, with $50k in investments (that I don't want to touch). I've been set into the mentality that I should own, not rent, and am looking at a multifamily to generate some income. + +Is this the right way I should be thinking about my investments? Or am I setting myself up for more of a headache than it's worth? Anyone have experience with mortgages or setting up LLCs / commercial loans for townhouses? +In case any of you were planning to ape into Trump DTC’s, please don't. + +One [wallet](https://opensea.io/0xfb65415Ca83B69DA9bC56B4C9C2334fa402baCd7?tab=collected) minted 80 ETH worth of cards. They hold 2.22% of the entire collection, and none of them have been sold or moved. + +[This address holds the #1-1000 of the Trump Cards, $500k of wETH, and $300 of MATIC.](https://preview.redd.it/hbibsj3rhk6a1.png?width=1365&format=png&auto=webp&s=86d23e60b17b817070b3b9483c778a6cb97f8271) + +Their address has been getting $30-200 of wETH sent every few minutes/seconds, probably being the one of two royalty addresses getting fees. Pay attention to the highlighted 0xfb654 address below: + +[Two addresses are receiving the exact same amount of wETH in a sale tx. The royalty fee is 10&#37;, and these addresses are earning 10&#37; of 0.5075 wETH \(the sale price\).](https://preview.redd.it/s56b1bfahk6a1.png?width=1365&format=png&auto=webp&s=d40a58d9ec224f3ad4b59831e9232b3c5123ed53) + +[Latest ERC-20 txs for address with 1k collected](https://preview.redd.it/29tmgajchk6a1.png?width=1365&format=png&auto=webp&s=10c0769911e783992b80396f9629b4c30df6e8f0) + +What's interesting is this address is a Gnosis safe, so it's a multisig. The multisig was [generated](https://polygonscan.com/tx/0x3d69372255ff99a8ef09a4017666aaabf0a4465aab4f107b32868329fab95ab2) 14hrs before their [mints](https://polygonscan.com/tx/0x5f8c593f7febcc4f388efa2f497231496de7d81053eeb8104f889160ffdabe40), so it's evident that it was made for this collection. + +One [address](https://polygonscan.com/address/0x116311805390458bb65b2954290c2eb8c944e41d) has made three executive transactions (telling the multisig what to do), withdrawing a few MATIC at a time. This was likely a test to see if the multisig operated as intended. + +Seeing as this address is likely earning the royalties, and owns so many of the Trump Cards, this is almost certainly someone in Trump's organization. + +To me it seems as though this multisig will sweep all of the cheap/floor price cards and then dump them all after they hit a specific price. Any regular person would sell at least a few when the price pumps, especially if they have a giant amount like 1k. + +# THIS COLLECTION WILL DUMP. DO NOT FOMO. +Throwaway because of the obvious + +I've taken personal finance courses at my school (one of the best classes I've taken, and I've been a long time lurker here of PF), so I've learned about fraud and credit, of course. + +A few weeks back I was grabbing the mail, and saw my name on a utility bill. I know my mom has abysmal credit and is not very good with her money, (not that I can blame her entirely, but that's a story for a different time) so I have assumed the worst: she has used credit in my name in order to pay bills she otherwise would be unable to. + +In all honesty, she is very belligerent in nature, so I try to stay out of her way for the most part, but this is my credit and future we are talking about. + +I did not want to accuse her without warrant though, because maybe she just committed a little bit of fraud, not a lot of fraud, so I went to the credit unions to check my history, which should be non existent from what I have learned. + +I had no idea I have to be 18 to check my history, and I am 17, so I am unable to do so without her consent, which is obviously an issue. + +So yesterday I went ahead and pulled her aside to somewhere private, and, I very kindly asked her about the bill and why my name was on it, and if she had used credit in my name before. + +That was a mistake, apparently. + +She became very hostile, asking me if I had water to shower with, a roof over my head, and said "Fuck your credit", essentially. She then proceeded to blame it on me, and the money she has to spend on me and school, which obviously is pretty messed up, (I've offered to get a job before, she refuses vehemently on the grounds that I need to focus on school, which is hard when I don't have access to basic supplies, but again, a story for a different time). + +I have to apply for a credit card and possibly student loans, housing, bank accounts, and a multitude of other things soon as I intend to go to University, I grew up wanting and have a lust for a bright financial future. + +I know that when it comes time, I can send a report to the credit bureaus to remove the false charges in order to fix my credit, but when they inevitably tell me they are valid, I will have to file a police report and make my mother a felon in order to repair my credit. + +Advice on the whole situation please? I'm not even an adult and I have to deal with this stuff, any form of counsel will be read and appreciated dearly. + +If there are any questions I need to answer feel free to ask them. + +Thanks! + +Edit: I am trying to reply to as many of these responses as possible, as I appreciate them all dearly. I am in my 3rd period class right now and have to get some work done, but after school I will continue replying to them all, so know that OP hasn't vanished. + +Also, I will keep you guys updated as I progress through these issues, I can't just leave everybody hanging after such a good amount of advice has been given to me. + + + + + +Edit #2: + +To answer the most frequently asked questions in one swift movement: + +I can not check, nor freeze my credit yet, I am not 18 for a few more months. + +I will make sure that the action I take is appropriate, if it is just the utility bill I will not just throw my mother in jail unless it is absolutely necessary to securing my financial future. + +I will definitely wait until next year when I am in college to press charges if necessary so I am not in the house. I won't be out of the house for at least another 14 months, as I turn 18 early in my senior year of high school. + +I will check out the /r/raisedbynarcissists subreddit, and a deep thanks to everybody who pointed it out, I always knew something was different in my family dynamic growing up, I always just assumed I was a bad son until now, but it seems that is not the case. + +I am definitely going to seek both financial counseling as well as traditional counseling after this, as I think I would benefit deeply from it. + +My late father is no longer with us, so it is just her. + + + + + +Edit #3: I will continue to keep you guys updated. Feel free to PM me, as I will talk to you, and it is a lot easier than reading all these comments, as much as I want to reply to all of them. + +This will probably be a 2 year ordeal, so I will make update posts and link them, of course. + +Current plan, in chronological order: + +Seek counseling, from what you have all described I am in fact being abused, and have been since I was a child. +Get a job so I can add more money to my emergency fund and saving, and finally open the ROTH IRA I have always wanted to open, and possibly get some CD's going. (I love Finance, as stated before.) Finally fix my car, or buy a new beater that's easy to work on. Maybe just sell it altogether, put it into a CD or mutual fund and bike to work, I am not opposed to that. + +Turn 18, check credit score to see if it really is as bad as I hope it isn't. + +Assuming it is, begin keeping tabs on it, so I know what is going on. + +Next, finish senior year of high school, go to university, make sure I have a dorm. + +Depending on the severity of the situation, get the police report and fix my credit, or offer her an ultimatum, I am not sure yet. + +Will keep this updated as I decide more things to do. + +Also, there is an update to the Chronicles, which leads me to believe this is not a one time thing: when I got home today, I began looking for my SSN card, passport and BC so she can not use them anymore, and they were not in the family safe where they belong (fishy enough, right?). I then saw her tax folder, and checked there, as she had my taxes done for me. I did not find any of my info, however, I did find out she had been filing joint returns with my father, who had been dead for a few years at the time of the filing of those taxes. + +I hope I am not breaking any rules by adding these things, and if I am please PM me and I will make sure to correct any mistakes I make. I just do not want this post deleted because this has been so helpful for my future, both financially and mentally. + +My absolute and sincerest thanks from the bottom of my heart to everybody who is helping me through this whole ordeal, I do not mean to be a drama queen or anything but it feels like you guys are actually saving my life. + + + + +**Never using Robinhood ever again.** + +LoNg story ShOrt - I was using Robinhood and ended up treating it like a casino \[Options\] with the recent mayhem going on for the past week. + +My current investment portfolio is now **$** **15,556.02** in Robinhood cash (No Margin), previously **$35,694.34.** + +**Do I feel sad?** No.. and I don't know why.. there's lots of people would kill themselves over losing that amount of money and I'm grateful to have money backed up. + + It's probably just the simple fact that I'm young and employed and I have a lot of time left in my life to recoup the $20k. I do have another **$31,348.35** saved in cash so it's not like I put all of my savings in there(Thank god I didn't). + +**What will I do next?** Change brokerage accounts. I've sold all my stocks and will be moving over to TD Ameritrade(unless you guys know a better brokerage)? I'll continue investing $200 a week on the same Wednesday I get paid from my job into QQQ like I have been on Robinhood and will lay off using Options for a very long time.. Maybe never again. + +**What will I be doing with my remaining 31k saved?** Not sure yet. I have a full ride in College studying Business Administration and Finance(the irony) so I don't have to worry about tuition and books. I've always wanted to start my own business so I can imagine that happening someday, maybe soon. We'll see. +❤️❤️❤️SAFESEX FINANCE❤️❤️❤️ + +🍆🎈BASICS🍑 (when a man loves a woman...): +— Name: SAFESEX FINANCE (SEX) +— Token Blockchain: BSC BEP-20 +— Total Supply: 4,000,000,000 +— Address: 0x6eA05F63DAF6b0Dc6b8bea94342330CC602c5536 + +🌭🌮HIGHLIGHTS👉👌 +🔵Existing 🟣Planned + +🔵Contract Audit 🔵 Reliable Dev Team with Past Experience 🔵 Small, Locked Wallets (Team <2%) 🔵 Condom-kun Mascot 🔵 Comics/memes 🔵 90% Liquidity Locked 100 years 🔵 Anti-rugpull 🔵 Burn / Reflection 🔵 Charity 🟣 NFTs 🟣 Merchandise and Games 🟣 Token-as-payment Services through Business Partnerships 🟣 Continual Support! + +— 📃Contract: https://bscscan.com/token/0x6eA05F63DAF6b0Dc6b8bea94342330CC602c5536 + +👉🟢🟢SAFESEX FINANCE TOKEN IS LIVE 🟢🟢👈 + +— 🥞Pancakeswap: https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x6eA05F63DAF6b0Dc6b8bea94342330CC602c5536 +— 📈Chart: https://poocoin.app/tokens/0x6eA05F63DAF6b0Dc6b8bea94342330CC602c5536 + +— 👄Website: https://safesexfinance.com/ +— 🚗Road(head)map**: https://safesex.finance/roadmap (coming soon) + **Safesex finance does not condone roadhead on public roadways. Also check pins and whitepaper +— 🍑Telegram: @safesexofficial +— 🍆Safesex Twitter: https://twitter.com/SafeSexFinance +— 🥨Safesex Reddit: https://www.reddit.com/r/safesexfinance/ +— 🌮Safesex Discord: https://discord.gg/pbN2GngB (coming soon) +— 🌭Medium: https://safesexfinance.medium.com/ +— 🍾TikTok: https://www.tiktok.com/@safesexfinance +Reference price: $0.270820 + +[Data will be sourced from CoinGecko](https://www.coingecko.com/en/coins/dogecoin) + +**FILTERING CRITERIA: 1w, USD, Linear Chart, Close Chart** + +Winning results will be based on the price **at 12 pm PDT on May 3rd.** Results of the prediction will be revealed **between 11:59 AM PDT and 11:59 PM PDT the day after the prediction date.** + +[View Poll](https://www.reddit.com/poll/mz3avs) +I’m hoping maybe this makes some folks feel better. I’m 44, married, and have a roommate and a mortgage. + +My husband and I each have car loans and credit card balances. + +No student loan debt at least. + +We live paycheck to paycheck. + +We’re actively working to pay down debt and I am so so grateful. + +I may never be totally debt free and I’m okay with that, and would you believe it, happy? + +EDIT: Thank you for all the upvotes and comments. My husband is not my roommate, though I do live with a roommate and my husband. I’m not cavalier about debt, and I’m a semi-devotee of Dave Ramsey. I just recently paid of a credit card and I have 1 left. My reason for posting is because of all the posts where people post screen shots of their paid off credit cards. That’s great, but this is poverty finance folks. Not everyone can get there! I do have a side hustle as does my husband. I’m not thrilled about being in debt but that’s where I find myself right now. Good luck everyone! +Twenty one days to appeal, but if not successful must cease all operations! + +Thoughts on how this will impact the sector? + +http://www.bbc.co.uk/news/uk-england-41358640 +The pandemic is one of these. The chances that this happens are so small but also so devastating. What are other events that can,if happen, destroy your plan? How to mitigate? +Here are other events I thought of: +DIVORCE- Nobody plans for it. But it happens, this is no even rare. While a couple can live with a 4% of one million, it is very hard for two people to leave on $500k each. +INFLATION- I did not see it in the US but in other countries in my lifetime. Venezuela is the extreme but it was the wealthiest country in south America. +NO GROWTH IN DECADES- Other empires had fall before, the US can reduce it growth considerably, it may be in a 100 years from now or as a result of mismanagement of this current crisis. Nothing is special con the US compared with other countries. It may experience a long time stagnation. +What else? How do you mitigate this? +Maybe these are so unexpected that I shouldn't think about it? +A little background: I am a 18 yrs old and a student planning to go in Uni. I have a few thousands sitting in my bank which i amassed through summer jobs. Should i put a sum of money sit in a tfsa? Should i invest in etf’s and mutual funds? If so, i’m with td bank, which mutual funds/etfs should i invest in? + +Edit: Thank you everyone for the answers! They’re really helpful advice and I learned quite a bit and I hope people in my position learned also! +For more context, i was planning on not using the money invested in my tfsa whatsoever and let it grow for 10-15 yrs with the “buy and forget” mindset to eventually be able to afford a house per instance. So i think i’ll just go for VGRO like ETF’s in wealthsimple and compound the returns in my tfsa. I think investing 2000$ on diversified etf’s and then proceed with 100$/month on the same etf’s. I do understand i am young and a high risk high reward could be the move, but i don’t have a full-time job and salary that i could use to pay losses and debts. +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? +EDIT: Damn, this went off. I've had to close it to new responses. Thanks so much to everyone for sharing. Results in the comments. + + +I hope this is ok to post -- delete it if it's not. I'm doing a uni project on my latest obsession: energy efficiency (or lack thereof) in Australian houses. The fact that our houses are glorified tents means that most people are burning money trying to heat, cool and ventilate them, and houses that *are* energy efficient seem to be getting higher sale prices. I figure this sub is money-focused and has a good spread of tenants, owners and (secret) landlords... so if any of you have 5 mins to spare, I'd really appreciate it (particularly the landlords... I don't have many in my circles). + +[https://forms.gle/ErN1TAKbujTRgJqA6](https://forms.gle/ErN1TAKbujTRgJqA6) +I've read a few comments on here suggesting that people take advantage of the temporary early access to superannuation stimulus measure when they're not in need of the money, but just to receive a couple extra grand from their tax return this year. + +I'd like to note a few things to remember: + +1. This is not in the spirit of the law or the Government’s economic response to assist those genuinely in need. +2. Your eligibility is questionable — if you can afford to part with $10,000, or withdraw $10k and subsequently put it all back in are you that hard up? +3. You apply for the release of your super via myGov, but the ATO processes the request — they could refuse it. +4. This is a scheme to which Part IVA (ATO anti avoidance rules) could apply to deny the deduction. + +At the end of the day, we are all going to pay back the massive debt bill that results from this all. Why do we feel the need to add to this amount by trying to use a selfish tax loophole that isn't really guaranteed to work in the first place? + +Edit: For some people who seem to have misunderstood, using the stimulus measure as its intended is not the tax loophole that I'm talking about. You can read more about the loophole that I'm referring to here: +[https://www.news.com.au/finance/money/tax/coronavirus-5000-income-tax-loophole-created-by-the-pandemic/news-story/422761cf175b1773cb074af36d08ebca](https://www.news.com.au/finance/money/tax/coronavirus-5000-income-tax-loophole-created-by-the-pandemic/news-story/422761cf175b1773cb074af36d08ebca) +Every so often I see posts that say something along the lines of how stupid the hedge funds are for shorting the price down to get people to sell etc. + +These guys are smart. Ridiculously smart. + +So why do they keep doing the dumbest thing they can do at this point? + +**Because they don't care.** + +It's exactly like 2008. They're not stupid. They know we won't sell. They just don't care. They think/know they'll be bailed out, just like every other time, and then they'll fire the money printing machine right back up. + +Acting like it's out of stupidity downplays the inhumanity of these crooks. + +*"They knew. They knew the tax payers would bail them out. They weren't being stupid. They just didn't care."* +Hey Everyone! I am about to close on my first rental property and I am so excited! It is a single family townhouse. It needs a little bit of rehab, but nothing too major. I was wondering if you guys had any advice or tips on what to look out for as far as maintenance, unexpected expenses, and managing the rental itself for a new investor like me. Anything would be greatly appreciated! Thank you! +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. +$13 million of stolen ETH being sold live right now and you can watch the hackers getting rich on the blockchain: [https://etherscan.io/address/0x4bb7d80282f5e0616705d7f832acfc59f89f7091](https://etherscan.io/address/0x4bb7d80282f5e0616705d7f832acfc59f89f7091) + +As confirmed elsewhere tonight (eg [https://np.reddit.com/r/CryptoCurrency/comments/r92ztx/it\_appears\_bitmart\_has\_been\_hacked\_and\_several/](https://www.reddit.com/r/CryptoCurrency/comments/r92ztx/it_appears_bitmart_has_been_hacked_and_several/)), BitMart was hacked and a huge number of tokens and coins were stolen. + +The official list is available here: [https://twitter.com/peckshield/status/1467302620000043013](https://twitter.com/peckshield/status/1467302620000043013) + +As well as a range of shitcoins, CRO, FTM, GALA, SAND, MATIC and MANA were also looted. + +But there is one upside: the ETH gas fees : ) + +So far the hackers have sold off more than $130 million of stolen coins .... and they're still selling as I type this. +Do you think Barry Silbert and Greg Maxwell supported Ethereum prior to DAO disaster and hard fork? When there was previously no hint that Ethereum would become not "immutable" under such situation? How convenient after the fact that they both decide to change over at this point when there is two chains and they can continue causing havoc. + +People believed after the DAO was behind us that we could move on, to end these attacks against EF. However, make no mistake Ethereum is still under attack and will continue to be so as Bitcoin becomes more threatened by its existence and its willingness to challenge everything Bitcoin maximalist are supposedly against. Which is odd to me as I think there is a place for both Bitcoin and Ethereum. The two combined don't even surpass most mid-cap companies. + +Which leads to the worst thing of all of this short-sightedness is the negative affect it is having on the industry. How is mass adoption or company acceptance improved when the outside world sees such toxicity? This whole debacle has been two things; a money grab and a way to inflict damage on Ethereum in terms of it being in supposed competition with Bitcoin. If they can delay and stall Ethereum's progress and public perception, it gives them more time to catch up. + +It doesn't take a rocket scientist to show how true this is and any of the numerous duplicate accounts or same users posting ad nauseam that down vote this just goes to show how true it really is. I do not even really care about your motives if ones would actually come forward and acknowledge these facts instead of hiding under the guise of immutability. If ETC wants to go their own path that is fine by me, and I support it. But they should do their own work instead of being glorified copy-pasters of people who actually worked hard to create a real project worth pursuing. + +And on a side note, the fact that we don't waste our time posting trivial crap on their subreddit like the significant amount of time they waste on ours, shows they are more threatened of us than we are of them. +Salutations once again my fellow apes. u/possibly6 back with some juicy confirmation bias solely using technical analysis. + + +As always, this aint no mothafuckin financial advice, hoe. The views expressed here are solely my approach to investing in this specific equity. I ape an am. + +obligatory. + +&#x200B; + +Let's get right down to business. I have reason to believe the price action we are seeing is nearly identical to January right before we ran ago 500+. + +If you've been following me for a while, this is how I was able to predict the drop from 348.5 to sub 200 the day before it happened, as we well as time the majority of the run in March. + + +Here's an image from webull by u/wwalley + + +[Jan vs Now](https://preview.redd.it/sp33r3igleu61.png?width=1528&format=png&auto=webp&s=b83313ab8d0ba20edb91d82acd7db8099b6a3007) + +I also read a great theory written by u/HomeDepotHank69 which sparked my interest to dig deeper on the subject. You can read his posts here [https://www.reddit.com/r/Superstonk/comments/muoepo/gme\_magnum\_opus\_theory\_round\_3/](https://www.reddit.com/r/Superstonk/comments/muoepo/gme_magnum_opus_theory_round_3/) + +&#x200B; + +I commented this: + +"Technical ape here. I did a theory very similar to this one right before the march run comparing it to the jan run. I think you're spot on, and I don't think today's price really matters. The broad market is taking a hit today. + +If you're right, tomorrow should replicate price action on 1/13. However, you could also compare it to that of 2/22 - 2/24. On 2/23 we had roughly half the volume of 2/22 and price hit a lower low than the LOD on 2/22. 2/24 price hit from 40 to a high of 200 after hours. + +I think what's important for this theory to remain in tact is the low volume today and a close lower than yesterday's. How much lower we close is irrelevant." + +&#x200B; + +The working theory is that today would have very low volume and a decline in price, and sure enough that's what we saw today. Let's take a closer look and compare the two timeframes to each other. + + +[Jan chart \(circled candles I am comparing to yesterday and today\)](https://preview.redd.it/nwi9i4gjmeu61.png?width=2856&format=png&auto=webp&s=02051154ea7ef243667c0b03e81ed1cedc08524e) + +And here's today's chart: + +&#x200B; + +&#x200B; + +[Daily view](https://preview.redd.it/bxpz6tsqmeu61.png?width=2012&format=png&auto=webp&s=95ba07ad7c3c777a8ba7816a6d8a3e7123ca5581) + +The scale is a bit rough on the eyes, though you can visualize the similarities. Today we had 4.6m volume, roughly half of yesterday's 10.5m volume. + +Worth nothing that the broad market took a hit today, not too surprised to see GME go down with it, though it is very likely the broad market is down bc GME is getting shorted through the entirety of the market lol. + +Jan 11 we had 14.9m volume, and Jan 12 we had 7m volume. roughly half the volume of the previous day. **HMMM** + +Tomorrow should mark Friday's T+2 - all executed options should settle by 4/21 and start showing movement. HODL 📷📷 + +All options that were executed on Friday should start to reflect tomorrow as it's had two days to settle. + +&#x200B; + +Worth noting: Jan 15, monthly options expire, 4 trading days later, price runs from 40 to 513 + +Feb 19, monthly options expire. 3 trading days later, price runs from 40 to 200 after hours. + +If this theory proves to be accurate, expect some nice upward price action tomorrow. Whatever the case may be, I will hodl. + + +[4hr view](https://preview.redd.it/278lhxdqneu61.png?width=2856&format=png&auto=webp&s=66d8735d1588734bdc7d72ed8ad20bae0439b069) + +In Elliot Wave speak, I have wave 3 of 5 set to finish around 220, though to be completely honest I dont even really watch price action anymore. It doesn't matter. I hodl no matter what. + +I know you're all jacked about the RC tweet, so am I. Bears either shaking or their getting fucked up. or both. + +TLDR: Short post, read it you ape. If you daytrade GME your mom's a hoe. Can we stop with all the rensole drama and get back to posting solid DD? Please? Prepare for the best expect the worst. + +4/22 is 4/20 too 🤔 + +obligatory 🚀 🚀 🚀 🚀 🚀 + +Edit: I wrote this high af +So my father wants me to pay rent, he was thinking of renting his whole house out and a letting agency said he could get £750 pcm for it. Now he has changed his mind and staying at the house. He wants to charge me £500 but I think that is way too much, but I am not sure on a reasonable amount. I use a bedroom and a small room as an office and the kitchen and bathroom we share. What do you think is a reasonable amount? thanks + + +Thank you for all the replies. To clarify a few things; + +1. The house is mortgage free, the only outgoings on the house are bills & council tax/insurance etc +2. I’m 33, as I say it’s a temporary solution while I get a place of my own sorted. +3. Its in Staffordshire, so definitely not London prices. +4. My mother passed away 4 years ago so it’s just my father and I now. +5. My father seems to be worried about his finances so I think this may be a reason he wants to charge so much. +6. There is no laundry or cooking done for me, I normally cook for us both and do the laundry. +7. I do share his car, but only a short trip to go to the gym 3 times a week, early in the morning and always ask beforehand and fill the car up when it needs it. +I was just randomly browsing various things that led me through this [article](https://zycrypto.com/us-government-and-cryptocurrency-a-turbulent-relationship/) which inspired me to share my true feelings about this issue for the first time. + + +Governments are doing everything they can to regulate or worse ban crypto and continue to criticize it because they are terrified of it. They will always demand their 'fair share'...and crypto was never theirs to begin with. + +Crypto is, at its essence, a worldwide currency for all, with no centralized authority. It poses a threat to governments' control over money and wealth. + +This is why more poor countries are beginning to accept cryptocurrency as legal currency. Crypto gives people freedom from their worthless currency and debt to wealthier nations. + +Crypto has the potential to completely disrupt fiat and government currency. + +It is truly the currency of the people, owned by the people, to be used by the people. +An article (in French) posted in *le devoir* reporting that the online brokerage run by Desjardins is moving towards zero commissions. Looks like the pressure to match its closest competitor is forcing the move to happen fast. + +source: [https://www.ledevoir.com/economie/631530/termine-les-frais-sur-les-transactions-sur-la-plateforme-disnat](https://www.ledevoir.com/economie/631530/termine-les-frais-sur-les-transactions-sur-la-plateforme-disnat) +So how do all we feel about LRC compared to MATIC? + +I have 1 small bag in MATIC and 1 large back of LRC. + +Currently I'm betting hard on LRC due to the zkRollups, their scalability & security on the eth network. + +So what are you betting on? +I got fucked with blackberry. Couldn’t sell covered calls on my shares. + +Now TDA Suddenly blocked RKT! This is ridiculous! Any stock that trends up suddenly gets restricted and we can’t do shit about it! + +Fuck TDA! +Hey theta team, + +I've built an options screener web app that I run locally to find stocks to trade for my wheel strategy. With the screener, you can filter stocks by price, EPS, dividends, RSI, beta etc. and load the options of the selected ticker. + +I'm attaching a screencast here so you can have a look. I'd love to know if there's any interest for me to make it available online. + +Cheers! + +EDIT: Really excited to see so much interest from you guys! I've now deployed the screener online at the following link: + +[http://options-screener.net](http://options-screener.net) + +Just had a few teething problems getting it up and running online as I'm a bit of a newbie at that, so bear with me as it's still a work in progress! + +Lots of you guessed right, it's Python Streamlit and the data is mainly from Yahoo Finance. It's free to use and I'd love to hear any feedback you have about improvements or features I could add. Let me know what you think! + +Enjoy! + +EDIT 2: Changed the link which was an IP address ([http://35.225.227.141:8501](http://35.225.227.141:8501)) to a proper URL. + +EDIT 3: here is the github link: + +[https://github.com/munhod/options-screener](https://github.com/munhod/options-screener) + +It is very straightforward. The heavy-lifting is done by Streamlit really. Btw, I am not a programmer, so please forgive my code. 😅 + +https://i.redd.it/c0lordcbw4o51.gif +In a week and a half I may be going to jail for 3 months. What steps should I take to prepare financially for this? + +I have 7,000 dollars in my personal bank account, and about 5,000 dollars in a joint account with my wife. I have a good paying job right now where I bring home about 600/week, (2,500/month). We also have really good health insurance from there. My wife just started a part time job giving horse riding lessons. + +Our monthly expenses include 825/rent, 65/electric, 160/auto insurance, 200/food, 80/miscellaneous. + +I will lose my job and most likely will not get rehired by them once I get out. I will have at least 2,000 in fines once I'm out. I will only find out September 5th what the full extent of this will be. + +Any advice on what to do to secure my money before I'm gone and be in the best financial situation possible when I come back? +I had around $700 of debt (mostly medical) that I paid off yesterday. The main problem is that I don’t get paid for another two weeks and I only have $28 to work with. + +Currently I am super hungry and have zero food in my fridge or pantry. I’m tempted to do fast food because I have zero experience in cooking. + +Does anyone have any tips for me? I usually just don’t eat until I nearly starve myself but I really don’t want to do that anymore. + +It just feels like my body is failing. I try to sleep as much as possible so it saves me from having to buy a meal + I don’t feel miserable when I’m asleep + +20F 95-100 lbs give or take +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! +Last year my portfolio had a performance of 105% (calculated using XIRR) but it also had a turnover of 300% meaning that during the year the total amount of positions I sold was worth 300% of my portfolio. + +Last year I had a total of 12 different stocks (GRBK, MHO, PRDO, BTG, PANL, ZIM, UNM, INTC, SU, NMIH, NC, IVZ) and I still own 10 of those stocks. The thing is I rotated a lot of funds between these stocks. I developed a metric that attributes a number of how risky is owning one stock and when one stock falls let's say 10% and another goes up for instance 10% but the fundamentals are unchanged I rotate a portion of my funds to reduce the risk. By doing this all the year I ended up having a 300% turnover. Is this sustainable long term? Am I speculating? This question bothers me because I am not making any predictions on the future price of the stock, I am just considering the current fundamentals and reducing the position as the stock goes up in order to have funds to invest in other stocks that seem more undervalued. I also like to have 25% cash. When the stock market goes down I invest a bit more and reduce the cash position, when it goes up I sell a portion of the assets in order to reach again my 25% cash position. + +This year I already have a 14% turnover ratio and still, own 10 stocks but I have 37% of my portfolio in a single stock. + +Edit: I executed 187 sell orders last year, on average one every two days. Note that I was not executing orders every 2 days, when I decide to reallocate funds I may execute 5/6 orders in a single day. + +Thanks + +\- Daniel +Everyone must read this document. It will explain the fuckery which is ongoing with GME. This document is directly related to 2008 market crash! + +I looked this post: [https://www.reddit.com/r/Superstonk/comments/tdgo9i/nscc\_where\_ftds\_are\_discovered\_exclearing\_how/](https://www.reddit.com/r/Superstonk/comments/tdgo9i/nscc_where_ftds_are_discovered_exclearing_how/) + +There was mentioned these documents: + +[https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf](https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf) + +[https://www.sec.gov/comments/s7-21-16/s72116-6.pdf](https://www.sec.gov/comments/s7-21-16/s72116-6.pdf) + +~~which are taken down by the SEC.~~ + +EDIT 2: Links working now. But reference links does not. Anyway, the content of the documents is pure dynamite... + +&#x200B; + +I found archived versions from web archive + +[https://web.archive.org/web/20211020192615/https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf](https://web.archive.org/web/20211020192615/https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf) + +[https://web.archive.org/web/20211020114355/https://www.sec.gov/comments/s7-21-16/s72116-6.pdf](https://web.archive.org/web/20211020114355/https://www.sec.gov/comments/s7-21-16/s72116-6.pdf) + +&#x200B; + +[https://web.archive.org/web/20211020192615/https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf](https://web.archive.org/web/20211020192615/https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf) explains what was going on with counterfeited shares ie. naked shorts when market crashed on 2008. All god tier DD's made by apes are talking about these things mentioned in PDFs SO 2008 FUCKERIES ARE STILL GOING ON STRONG!!! + +Read and learn, read and learn... + +BTW. someone has taken down also the references mentioned in [s70809-407a.pdf](https://web.archive.org/web/20211020192615/https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf) and covering up this shit! + +&#x200B; + +EDIT: + +https://preview.redd.it/uqi70zyk1cn81.png?width=1439&format=png&auto=webp&s=bc445058988504891402d96b0492033eda921ee9 + +**Oh boy! This is NUCLEAR... straight from the SEC's document!!!!** + +**Conclusion** + +Certain market participants, trading illegally, appear to be making a concerted effort to take down some of the most important financial institutions in the United States. Who would counterfeit shares of these vital U.S. institutions to cause their financial collapse without regard for the U.S. citizens? **It is not possible to carry out this massive fraud without the cooperation of large WallStreet firms and regulatory complicity, indifference or lack of competence. Some firms are blatantly selling shares that do not exist.** + +\*\*It is impossible to ward off the downward price pressure from counterfeit shares diluting a company‘s value. The entire nation‘s value is diminished when the counterfeiting of securities is rampant.\*\*Simply put, this is a defining moment in the history of the financial strength of the United States. **Other than home ownership assets, the largest U.S. household assets are tied to the stock market through retirement accounts. If counterfeiting continues, investment and retirement accounts will be backed by nothing but counterfeit shares, which they may already be holding insubstantial amounts.To conceal the fraud perpetrated on the retirement accounts is simple, manipulate the markets to crash**. The money previously plundered from these accounts remain in the hands of the counterfeiters and the statements sent by the **Wall Street firms to retirement investors will reflect a crashed market value of their assets, i.e., you lost your retirement savings.The counterfeiting of U.S. traded securities is nothing less than a fraud of epic proportions**. As with \*\*other illegal stock market activity, offshore shell companies are a likely depository of the ill-gotten gains.\*\*While U.S. citizens would like to trust that government regulators are putting the citizens first and protecting investors, this may not be the case. **The ownership and trading irregularities in Fannie Mae and Freddie Mac discussed above, seem so obvious, that surely our government would have taken the steps necessary to protect investors in these very important financial institutions from fraud in the market. Unfortunately, the facts do not support that the government did enforce the securities laws against fraud and market manipulation**.It is necessary for the United States to do everything within its power to recover the enormous amount of monies that have been plundered from this country and its citizens. Bring the few illegal dealers responsible for counterfeiting stock to justice in order to assure that this United States economic disaster will never repeat itself. There is simply too much at stake to do otherwise + +&#x200B; +https://www.investegate.co.uk/games-workshop-group/rns/annual-financial-report/202007280700032267U/ + +EPS up 8%. Given they shut the business down for 6 weeks of the year that's not bad at all. +Hello people of Reddit. I'm an 8th grade student of a Cyber School. I am very familiar with Bitcoin. I maintain my parents' 2 KnCMiner Jupiters. I have also traded it at an exchange. I'd say I'm pretty familiar with the coin. + +In my English class, about 2 weeks ago, I was told to make a "how-to" document on something I know how to do. So, I made it on Bitcoin mining. I spent a few hours working on it, making sure it was the best thing I had ever worked on. Finally, I submitted it. Then, I checked the grade the next day. + +After a document is submitted, it will say "0%" next to it, until it's graded. So, I when I saw this, I thought, "oh well. Still hasn't been graded." But I clicked on it just to make sure it wasn't actually a 0. Well, it was. I was so confused. I wondered if I submitted the wrong document. Now, you can see what the teacher said about the document. She said it was not "age appropriate!" I then got mad. As I read on, she said, for an 8th grade student, I should write about "cleaning my room" or "washing the car." Well, then i got EXTREMELY mad. Something I had worked so hard on, given a 0% because I had not written about something a 3rd grader knows how to do. + +Then came yesterday. We had to write a follow-up assignment on the topic we wrote about. So, I headed the document stating the truth that many kids my age mine Bitcoin with their computers, and that many of my friends want to know how to also. I submitted the document and waited. So, went back to check the grade and said "0%." I think you already know what's going to happen next. I checked it and, big surprise, I got a 0. This time, it was a bit different. She said she understands how I "feel" that it's age appropriate. Then she said what I got very, very, angry at. She stated that if I write about abortion, drugs, sexuality, or any other non age appropriate topic, that it will be automatically given a 0% grade. So, yeah. Bitcoin's like killing babies and being gay, I guess? + +Tell me what you guys think about this. If you want, you can vote this up to spread the word. But thanks for reading this guys. :) + + +EDIT: + +So, you guys wanted to see the document. Well, here it is: + +How to Mine Bitcoin + + Short on money? Want to make some extra dough for the holiday season? Try Bitcoin! Bitcoin is an online digital currency. Right now, 1 Bitcoin is worth $640! But, did you know that you can create these coins, and help the network at the same time? This is a process called “mining,” and you can do it too! + + You're only going to need a few things for this. Firstly, I recommend not trying to mine with your home computer. You need a somewhat expensive machine called an ASIC. ASIC stands for application specific integrated circuit. This is just fancy talk for a very power computer that can only mine Bitcoin. Now, these range anywhere from $15 to $25,000, but I have a recommendation for you. It's called a KnCMiner Jupiter, and it's very fast. They're only $5K, which may seem expensive at first, but you can mine about half a Bitcoin PER DAY! That's over $300! You're also going to need a power supply. I recommend a Cooler Master V850. That's what I use. Next, you need an Ethernet cable, plugged into the router and miner. Finally you need a Bitcoin wallet. It can be on your computer or from blockchain.info. Get your address, beginning with a 1, ready! + + Now comes mining. First, find the miner's IP address. Go to your router's homepage – which is normally 192.168.1.1 – and look for something like “Connected Devices.” Then, it should be labeled “Jupiter” and then some numbers. Then go to the address that it says it is. This may be 192.168.1.145, or something like that. Now, it will say to log in. Log in with the username and password “admin.” This should bring a page up with numbers. You're done with that. Now, go to the mining tab. For the pool, use “mining.stratum.eligius.st:3334” without the quotes. Then, for the user, put your Bitcoin address. For the password field, put a simple “x.” It can be anything, but x is simple to remember. + + The pool could go down at any time, so be prepared! Get an account at btcguild.com, and make a worker. It shows this on the site. Then connect the miner using the stratum address. Also, be prepared for your earnings to slowly go down. There is a new difficulty every week, which it means it's harder to get a coin. But, don't worry! The price is going up. 2 years ago, it was worth $6! It's gone up over 100x since then! Also, that's the other thing. The price may crash. If it does, don't fret! The price will be back up over that in no time! + + One more thing before this ends. Bitcoin is NOT illegal. Nor is mining. The US government actually has no problem if you use Bitcoin, as long as you use it legally. There are multiple sites that you can buy contraband, like drugs and guns. Stay away from these sites! + + In conclusion, Bitcoin is an amazing thing. I mine it myself with a KnCMiner Jupiter. There may be some risks, but they're like any job. I've actually paid off the miner in less than 1 month! So, Bitcoin can really help our economy. It can help the WORLD economy! + + +Also, thanks guys for all the support! :) + +EDIT #2: + +"A" Cyber School is just like homeschool. I stay at home and do my work on the computer. The only contact with teachers is situations like this. When I have an assignment to submit. + +EDIT #3: + +I am not saying being gay and abortion are bad. If anything, some of my best friends are gay. I'm putting this in words that she would use. Not mine. + +EDIT #4 A.K.A. THE PROOF + +Well, you guys think it's fake. I edited the files down so it wouldn't reveal any personal info of the teacher or myself. Here you go: + +http://imgur.com/a/SdlUg +Hello guys, + + +I'm at a point where I need a good dose of adrenaline. + +I want to be part of this reddit crew and ready to go all in GME. + +What are your thoughts about this move? +Depending on the vote and commentary I will post screen every week on how it goes. + +My capital is 6 numbers. +Just saw in the news that this was being considered as part of the stimulus package. To go ahead and state the obvious, nobody should be withdrawing retirement money to live off of unless it's the absolute last resort. That being said, I'm definitely going to be looking into my options as far as transferring money from my 401k to my Roth IRA. This could be a good window to make transfers for people who's 401k's don't allow in service transfers, right? I figure I might be able to knock out some of the tax bill now, which is extra attractive when you consider how the money has decreased in value so much, meaning the tax bill will be low. What do you think, and more broadly, what are your strategies to come out of this crisis on the best footing financially? +Basically the title: am applying to buy my first place and the mortgage broker (highly recommended local guy) has asked me to put in bank login details into their website so my finances can be assessed. It's the one used by the REA Group so not a random fly by night operation. + +From my research into the home buying process, I know lenders want a look at your spending history and I couldn't care less about this, but what I do care about is having my bank login info on a third party's servers. CBA and other banks are pretty unambiguous that giving a third party your login details means they may well not honour any theft/fraud protection on your account ([https://www.commbank.com.au/articles/security/keeping-your-password-secure.html](https://www.commbank.com.au/articles/security/keeping-your-password-secure.html)), which is major reason why I bother to do all my budgeting manually on a spreadsheet and not through various third party apps/services. I know it's a bit of a wanky edge case, but it's still a massive potential exposure and I'm not willing to risk it. The only other alternative on the site is my myGov login, which... just no. + +For anyone who has gone into this situation with similar qualms, what (if any) alternatives do I have? From the article I linked above, CBA recommends downloading your statements as a .CSV and furnishing those, although I suppose an unscrupulous borrower could always edit them. Would a CSV + stat dec likely suffice? Can't really think of anything else I can offer. + +If the broker is willing to work with me I'd like to stick with him, but in case it doesn't, I'd also be open to referrals for a broker who doesn't require bank logins. In Tasmania if it matters. +I recently started forex trading i grew my account from £500 to £10,000 in just less than a month i was so happy and i got carried away then i put too high lot size on gold and lost my full balance :( + +Has this happened to anyone else ? +Hello everybody! + +I’m a 24 year old male. I recently switched over to a new role at work and it came with a significant raise. The last few months have been spent putting together an emergency savings fund, and now I’m looking to heavily invest on growth and dividends trading until(and after, cmon) I become eligible for my employer sponsored Simple IRA this December. + +I’ll be real with you - I have half of an idea of what I’m actually doing because I have little experience in actually trading - so much so that I’m still down $200 in the market since I began trading, but I haven’t traded since 2018 when I tried to get some quick gains on $CEI; however, I’ve been monitoring this subreddit and some traders on YouTube to have a better understanding of how to diversify a portfolio and start aiming toward living like FIRE. + +This past week, I’ve been doing some heavy research into who to invest in and why. Here are the stocks that I’m putting into my portfolio listed in order of purchase priority: + +Dividend: +MAIN +DFS +LTC +O +COKE +S&P + +Growth: +MGNA +QS +INUV +NGA + +Feel free to tell me whatever opinion you have, as I’m interested in seeing if this thought process is even grounded. + +Looking forward to being apart of the community and sharing my experience this year! +My husband and I are in our mid-thirties at a very HCOL city and on path to fatfire. + +We just had a baby a few months ago, and our priorities have suddenly changed. Our baby has had some (minor) health issues, and it's been very challenging. We have no family support in the HCOL city and a few friends, the few friends we do have live farther away or are also super busy juggling family life and work. I look at my friends and coworkers with kids, and most of them seem miserable. We are burnt out from the grind, and lonely. + +So we have decided to move to Canada, where I'm originally from. + +In Canada we will be able to afford a large home, childcare will be partially free (family), my child will be surrounded by family growing up, healthcare is free. Maternity leave is up to 1.5 years and I'll be able to have a second child and spend much more time with my children. Schools are good and the city is extremely safe. + +That being said we will be giving up very high income as our current jobs will not allow us to relocate. The job prospects in this Canadian town are not great and wages are significantly lower. It will be very cold. I would estimate that our income will be reduced by at least 60%. + +Our mind is essentially made up as it feels like the best thing for our family and child, but curious to know if other fatfire folks have considered giving up their high paying jobs for a potentially better quality of life at a LCOL area? How do you weigh these other quality of life factors vs. money? +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' +Hey all, long time lurker here. I was hoping to get some input from people here on what I should do. I'm 27, no debt, around 100K in brokerage/IRA accounts. I'm pretty risk adverse, especially in this environment. I have no idea what could happen, but I wouldn't be surprised to see a few more major drops. + +Basically as the title says, am I too young to just throw basically everything into JEPI and a YLD fund, and keep adding to it monthly? Instead of going all in on those two, would something like an 80% into those two, and 20% into severely beaten down growth stocks? + +Would love to hear any and all suggestions +https://finance.yahoo.com/news/paypal-allow-cryptocurrency-buying-selling-115232905.html + +LONDON (Reuters) - PayPal Holdings Inc joined the cryptocurrency market on Wednesday, allowing customers to buy, sell and hold bitcoin and other virtual coins using the U.S. digital payments company's online wallets. + +PayPal customers will also be able to use cryptocurrencies to shop at the 26 million merchants on its network starting in early 2021, the company said in a statement. + +U.S. account holders will be able to buy, sell and hold cryptocurrencies in their PayPal wallets over the coming weeks, the company said. It plans to expand to Venmo and some countries in the first half of 2021. + +Stock is up 3.5% premarket, this is a good news for paypal stock and customers.The current e-commerce trend is very favorable for paypal, cryptocurrency plus venmo can unlock more value and growth for paypal. +Please please help me out with this.This is one of my questions from an assessment and im having a hard time understanding why its possible in theory but not practically. +&#x200B; + +https://preview.redd.it/bbz3gxb89v291.png?width=589&format=png&auto=webp&s=bab89f0507b4f019dee6bf20111ed05cbd5d877a + +RC's latest tweet "Life is for working, loving, and laughing" \[[Reddit](https://www.reddit.com/r/Superstonk/comments/v1i5te/ryan_cohen_tweet/), [Twitter](https://twitter.com/ryancohen/status/1531494009209868288?s=21)\] references "Live, Laugh, Love" which is pretty common in home decor. The origin of "Live, Laugh, Love" is a 1904 poem "Success" \[[Wikipedia](https://en.wikipedia.org/wiki/Live,_Laugh,_Love), [House Beautiful](https://www.housebeautiful.com/lifestyle/a7206/where-did-live-love-laugh-come-from/)\]: + +>**He achieved success who has lived well, laughed often, and loved much**; +Who has enjoyed the trust of pure women, the respect of intelligent men and the love of little children; +Who has filled his niche and **accomplished his task**; +Who has never lacked appreciation of Earth's beauty or failed to express it; +Who has left the **world better** than he found it, +Whether an improved poppy, a perfect poem, or a rescued soul; +Who has always looked for the best in others and **given them the best** he had; +Whose life was an **inspiration**; +Whose memory a benediction. +> +>"Success" (1904) [Bessie Anderson Stanley](https://en.wikipedia.org/wiki/Bessie_Anderson_Stanley) + +To the Apes who will give their best to make the world better and serve as an inspiration to others. + +🥂🍾 +I'm sure you've all seen a number of the posts regarding RH users posting screenshots of their cost basis being all out of whack and cobbled together through various fractional shares, though they never purchased fractional shares. Examples: [1](https://www.reddit.com/r/Superstonk/comments/ngs81d/just_got_my_cost_basis_information_from_robinhood/), [2](https://www.reddit.com/r/Superstonk/comments/ngkrg3/proof_that_rh_had_to_scramble_to_find_shares_when/), [3](https://www.reddit.com/r/Superstonk/comments/ncj1sm/if_you_transferred_out_of_robinhood_look_at_your/), [4](https://old.reddit.com/r/Superstonk/comments/ncezct/so_robinhood_finally_sent_over_my_cost_basis_from/), etc ad nauseam. + + +Well, as it turns out, this may have been an intentional ploy by RH/Citadel to circumvent the short interest reporting requirements from FINRA. If you read the [Regulatory Notice 12-38 regarding FINRA's Short-Interest Reporting Rule](https://www.finra.org/rules-guidance/notices/12-38), you'll come across this particularly relevant question in the FAQs. + + +>**Q7 How should a firm reflect fractional shares in its short-interest reports?** + +>A7. If a firm has a fractional short-interest position (e.g., 125.6 shares), it ***should truncate the position to reflect a whole number*** when reporting such positions to FINRA pursuant to FINRA Rule 4560, ***instead of rounding the position up or down***. For example, firms should report short-interest of 125.6 shares in XYZ as 125 shares. + +So, what does this mean? Well, it means that all shares are rounded down when it comes to short interest reporting. If you purchased a single share, and Citadel is forced to short that position, they could break it into multiple pieces across two or more transactions (e.g., 0.4 shares and 0.6 shares) and **COMPLETELY AVOID REPORTING THE SHARE AS SHORT!** + +This is about as egregious as it gets and is another way for the MMs and SHFs to hide short positions. This might also explain why they're running so many shares through dark pools. If they have a complicit party involved and are taking their short positions, covering and re-shorting via fractionals to SHF2 through the dark pool, they could run their short interest down to 0% based on this ridiculous truncation rule. + + + +EDIT: Thankfully it's not too late to change what's happening. The comment period is still open for **Regulatory Notice 21-19** ***[FINRA Requests Comment on Short Interest Position Reporting Enhancements and Other Changes Related to Short Sale Reporting](https://www.finra.org/rules-guidance/notices/21-19)***. I took a quick look through their proposed changes and do not see anything regarding a change to fractional share reporting. A simple comment requesting that they report all amounts, fractional and whole, and that they report all outstanding loan obligations should be sufficient. + +EDIT2: /u/ammoprofit has a fantastic call out in the comments, [here](https://www.reddit.com/r/Superstonk/comments/opna24/robinhood_cost_basis_fiasco_is_likely_an_attempt/h66mie1/). + +>Normally this wouldn't matter, because it would be less than 1 share * number of orders affected. For example, 126.99 gets truncated to 126 shares. 1000 orders * 0.99 = 99 shares [sic]. Yeah, it matters. It's a non-zero number, but it's truly negligible in a sea of volume. + +>Except [RobinHood's shares per transaction volume is exactly one](https://www.reddit.com/r/Superstonk/comments/mzwipl/robinhood_is_11_trading_against_every_ticker_they/). Those fractional shares reduce the short interest position from the sum of the orders' volume to zero. +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 +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I'll keep this nice and short because the message is very simple. This Pulte guy came out of nowhere. He's done nothing to show us anything bad, but also hasn't done anything to show us anything good other than an interest in the community. This is great, and I definitely can't wait to see what comes of this, but I think it is always good to approach with a little bit of caution. + +Apes have been known to hype up anyone or anything that seems to be working in our favour. Anyone who is aware of that can easily use it to their advantage. Charles Payne is a good example of this. + +Let actions speak louder than words. Let celebrities/public figures prove themselves before jumping on the bandwagon and worshipping them. That is all. +As a new options trader, today was very valuable experience for me. I had heard some of the "rules" from more experienced traders but didn't really grasp why they were guidelines until today. + +* Weeklies are risky because of the short time horizon. Big swings are hard to recover from. +* Closing out winners at 50% is a good idea because the longer you go, the riskier it gets that you'll have a big swing and wipe out your profits with not enough time to recover. "Letting winners run" is dangerous. +* Being delta neutral can help you hedge your portfolio so that when one side goes down the other side goes up. But you can still make money if the market stays in a certain range as long as you're relatively good at picking stock directions. + +Edit: Wow, my first ever awards. Thanks internet peeps! +Old Lady Ape here with another educational post about Direct Registering. + +I think it is time that I walked everyone through a document that has been being used to discredit the idea the DRS takes shares out of the DTC or that there is no way to remove ownership of shares from CEDE and Co. + +**TLDR: When you DRS your shares the shares are deregistered from the nominee name of CEDE and Co and registered in your name as specified in the 'FAST' contract between the DTC and the transfer agent (Computershare). The legend on the FAST agreement contract only applies to shares registered to CEDE and Co. not to shares registered in your name.** + +I hadn’t planned on doing this because I don’t generally like to get into intellectual discussions with unarmed apes. + +But recently some very wrinkly apes have also shown that they are confused by the wording of this document, so I think it is time to go through it with some pictures and crayons in the great Reddit tradition of TACR. + +&#x200B; + +[I know you can all read, but some of this stuff is hard!](https://preview.redd.it/9w2ekh09pik81.png?width=551&format=png&auto=webp&s=4afa925af62c95704223168da883a04b50269e87) + +Let’s read through this document together. This is a balance certificate agreement that is between the DTC and a transfer agent (also known as a FAST agent) + +&#x200B; + +* Source website: (It is the WC-NC standard agreement) + +[https://www.dtcc.com/settlement-and-asset-services/agent-services/fast](https://www.dtcc.com/settlement-and-asset-services/agent-services/fast) + +Or here is the PDF link + +[https://www.dtcc.com/-/media/Files/Downloads/Settlement-Asset-Services/agent-services/WC-NC-Standard.pdf](https://www.dtcc.com/-/media/Files/Downloads/Settlement-Asset-Services/agent-services/WC-NC-Standard.pdf) + +Like any legal document, this agreement starts out by naming the parties involved and the definitions of the terms used within it. Notice this agreement is between the DTC and the transfer agent (Computershare or CS, in our case). This is not a full description of what a transfer agent does. This is just one piece of their job. It does NOT outline the agreement between the transfer agent (CS) and the issuer (Gamestop) or the transfer agent (CS) and an individual (you). + +&#x200B; + +[Lets examine these definitions closely](https://preview.redd.it/jidz26lopik81.jpg?width=780&format=pjpg&auto=webp&s=ad8e86d2760b56d0192d8110ac1cbef0fdc5ce2e) + +So the Balance certificate is a certificate registered in record ownership to CEDE and CO. This certificate will also provide the proof that the transfer agent must act on behalf of the DTC and also that it is RETAINED by the transfer agent. + +Computershare is in actual possession of the certificate that says how many shares of Gamestop are owned by CEDE and CO. + +(I marked out the paragraph pertaining to debts and bonds because we aren’t dealing with that here but they are handled much the same way. In general, when you read the term “obligation” as a noun, in THIS document, they are talking about bonds. You have to know how they are defining each term for each different document because they change the wording very frequently from document to document!) + +&#x200B; + +https://preview.redd.it/seq8ak05qik81.jpg?width=784&format=pjpg&auto=webp&s=53cab85a7f7316222d6fcda4b06bc2c5d42ab145 + +The most important definitions in this section are there at the bottom. “Certificate” and “security” are interchangeable here. + +Notice the **2 different kinds of securities “Nominee certificate” and “non-nominee certificate”. Meaning Cede certificate and not-Cede certificate.** That is all they care about here. This does not say that there can’t be any other nominee on a certificate, but that **this contract only cares about the distinction between these two.** + +If you want to dive further into definitions I’ve linked the UCC definitions of “security” and “issuer” in the comment sources. + +&#x200B; + +[The DTC presents nominee certificates to CS to register a transfer but also non-nominee certificates.](https://preview.redd.it/8aadyyrkqik81.jpg?width=734&format=pjpg&auto=webp&s=a44de97d7d1f1c6dd2bd9ffb3f66f3925d2fe4b0) + +If you are reading along, you might ask… wait!!! How can the DTC deliver to CS “non-nominee certificates” (not owned by CEDE)?!? + +Let me give you an example: + +Grandma has an old paper certificate with 1000 shares of Telephone Co. But she wants to sell them to buy a lambo. Grandma sends that certificate into her broker TDA. TDA sends that certificate to the DTC and the DTC presents that certificate to the Transfer Agent to be registered back into CEDE’s name so grandma can sell her stock. + +Now here is where it gets juicy! + +[The certificates presented to the transfer agent shall be canceled and reissued with the changes outlined here...](https://preview.redd.it/b8869m62rik81.jpg?width=808&format=pjpg&auto=webp&s=a3c42a31d2938d39520b00bb7718abe4b8c3b371) + +Start with the number of shares originally on the Balance certificate + +\+ the number of shares presented to be changed from not-Cede to Cede. + +\-the number of shares present to be changed from Cede to not-Cede + +=the number of shares on the newly reissued balance certificate. + +The convoluted way this is said is confusing but it is essential to understanding the next part of the document. + +**The new balance certificate has a different number of shares on it than before but ONLY contains the number of shares owned by Cede!** The shares registered out of Cede have been deducted. + +&#x200B; + +https://preview.redd.it/opaz5oxhrik81.jpg?width=738&format=pjpg&auto=webp&s=5d55b66af7115d3c09d692b91d4f1cb7bc7f3241 + +Recall that the balance certificate contains only the number of shares owned by Cede and Co. That balance certificate gets stamped with that legend. Not all certificates! + +Even if the balance certificate does not have the legend, the DTC expects the terms of the Legend to be honored on each “such” certificate. + +What kind of certificate? + +The Balance certificate that only contains CEDE owned shares + +In addition, any other certificate that may not be covered by the balance certificate but is “registered in the name of Cede & Co” will also have that legend. + +Are shares registered in your name registered in the name of Cede? + +No your shares are registered as Non-nominee shares, so they are not included in this list of certificates that are stamped either. + +It gets a little boring from here but for the sake of completion... + +&#x200B; + +https://preview.redd.it/kpl5ftiyrik81.jpg?width=794&format=pjpg&auto=webp&s=a642681f528ac14a2c6952ab35d211aba9e0c645 + +Notice the clauses “pursuant to the provisions” and “evidenced by such certificates”. All of these requirements pertain to securities owned by CEDE, not every security. + +Paragraph 7 pertains also to securities not contained in the Balance certificate but are to be registered in the name of CEDE. + +Example: + +Grandma wants to sell her Telephone stock for said lambo. But instead of a broker, she sends the certificate to Computershare. Computershare then reregisters that paper share into the name of CEDE. This could be added to the balance certificate for the DTC but if it is not, the transfer agent must present that certificate to the DTC. + +Then there is a whole section about what happens if there are missing securities, and the amount of insurance the transfer agent has to have for any physical accidents while securities are housed or in transfer. + +https://preview.redd.it/g3scx715sik81.png?width=802&format=png&auto=webp&s=f2c2f4b3eee6b06866460a702ee82807e5d7b221 + +And then we see why they sometimes create multiple balance securities…. + +https://preview.redd.it/l6w6xvxbsik81.jpg?width=778&format=pjpg&auto=webp&s=980b3aa1101c613fd51f0d2a7b8125b8813f28a8 + +…So that if there is a dispute on a portion of the securities owned by CEDE they can still provide a balance certificate for the rest and if the balance security contains an excess value of what was insured, they can break it up. + +(This is most likely why Computershare was able to increase the sellable Limit for Gamestop stock. Gamestop probably authorized an increase in this deliverable insurance….. Bullish) + +&#x200B; + +[ ](https://preview.redd.it/7vjyq6dhsik81.png?width=747&format=png&auto=webp&s=c76c9fb2c0a1f6a24cc94a3680f0680c7e568054) + +The transfer agent may act according to the terms of this agreement or it may ask for more authentication as it feels necessary. + +And finally reasons for termination of this contract and basic disclaimers for non-negligent induced losses. + +https://preview.redd.it/kjx0vbzusik81.png?width=775&format=png&auto=webp&s=a82895f754c6278b74d0475f63de51d7a3e62c65 + +So in the end it is a pretty standard contract but has nothing to do with shares held in Direct Registration other than the method that shares are added and subtracted to CEDE and Co when your Registered shares are moved in and out of Direct ownership. + +One other interesting tidbit to note is that the **DTC doesn’t even hold these Balance Certificates themselves. The transfer agents do.** Which is made even more interesting when you realize that the entire reason for the DTC existing was to hold these certificates… + +When people try to call me on this claim, I used to direct them to this [video](https://dtcclearning.com/videos-page/player/86/381.html) put out by the DTCC that has 2 DTC employees chatting about how the FAST system works and explaining that it allowed them to decentralize the holding of certificates. + +Lately the DTCC has decided that this video should be put behind a paywall even though it doesn’t really give out any specifics of anything else. I guess they wanted to make sure only people they knew had access to that information. + +Oddly enough, it seems that someone had the foresight to download and save this video before the paywall was put up. He saved that video on a Google drive. If you want to view it the owner of the site might see your email address (or so I have been told) so you may want to use incognito mode to watch it [here](https://drive.google.com/file/d/1th7I1ctb0tIm96OE3vFplIRTqZh1xTO9/view). + +**TLDR: When you DRS your shares the shares are deregistered from the nominee name of CEDE and Co and registered in your name as specified in the 'FAST' contract between the DTC and the transfer agent (Computershare). The legend on the FAST agreement contract only applies to shares registered to CEDE and Co. not to shares registered in your name.** + +Anyways, Thank you for listening to an old lady rant. 💎✋🚀♾🟣 + +\*This is not Financial or Legal advice of course. You have to pay someone for that kind of thing! + +Ape no fight Ape! Please be gentle + +Source links will be in the comments + +Please leave questions in the comments, I will answer if I’m able (I am afraid of direct messaging👀) + +Edit: expanded the TLDR for clarity +Yes, even at these levels people like me are entering Ethereum. The best time to buy ethereum was last year, the second best time is today. I still think ETH is in its early stages. + +Bitcoin holdler here since 2013 and first time ETH buyer this week. + +I was on the sidelines of Ethereum for the run up to $220 because I refuse to believe anything can beat Bitcoin. It's too big to fail. I've seen many pump and dump of alt coins before. + +I was a Bitcoin HODLER for many years (note my username). Stuck with it when it dropped to the $200 levels. This week I decided to diversify 50% of my Bitcoin holdings into Ethereum. + +A few reasons for my decision to diversify and I will list them here: + +- diversification in any investment is always a good idea. https://www.youtube.com/watch?v=z8Z6qWRugCY +- Bitcoin transaction fees is ridiculous. $1 - $3 per transaction. +- The confirmation time is also ridiculous. +- The whole uncertainties of UASF on August 1st. A lot of politics and propagandas. I don't know who to believe anymore. "Those guys on the other team suck!" +- I read this excellent thread: https://np.reddit.com/r/ethtrader/comments/6chmu6/i_just_became_a_crypto_millionaire/ by /u/throwaway23613 and he explained it very well: + +> Until Bitcoin resolves its scaling issues, it's a sure-fire bet that other currencies will take the lead over time. The longer Bitcoin scaling remains un-resolved, the more other currencies will grow. + +> You don't always have certainties in investing, but I feel point #1 above and Bitcoin's scaling-resolution-bloodbath are two certainties you can use to your advantage. + +- /r/bitcoin is really toxic and they censor any posts that are against their views +- /r/btc is also toxic but at least they allow both sides of the argument + +As with any investments please do your own due diligence. Don't listen to me because I'm just some random guy on the Internet. +I don’t want to constantly keep asking my lender for questions and concerns. My sister had submitted in the app for a $700k cash out refi. But in the paperwork, he wrote up $555,000 for the mortgage. What should I do? + + +# Fellow tards and mod-tards. This is the most boring post you will never read. + +We are now entering a potentially dangerous phase for WSB. I won't repeat or cover all the various reasons why people are looking at this sub, nor what they are saying. + +The goal must be to ensure we don't tank this sub, and tank our tendies. + +Its pretty simple: people who are used to making the rules and making money of the ignorance of others are on the wrong side of the trade, and they don't like it, and they won't take it laying down. + +👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀👩🏻‍🚀 + +They have extremely deep pockets and can throw insane amounts of money lobbying, getting talking heads on tv or lawyering up, if they haven't already. The narrative is pretty clear: WSB is acting like a mob; they are distorting the market; this isn't allowed. + +We are playing into their hands somewhat. We are helping fuel their arguments. If you don't want to lose this sub, here's what you can do + +🌕🌝🌔🌓🌛🌒🌗🌘🌑🌖🌙 + +**1. Don't do dumb shit that will allow people to make legitimate complaints. Simple examples:** + +a. Doxxing or harrassing people e.g. Citron or Melvin Capital. + +b. Trying to get people to buy particular shares of one stock in a concerted effort e.g. "Lets all buy 10-100 shares of GME at 1000 EST." + +c. Publicly representing that we are in any way an organised, singular entity. + +**2. Don't give Reddit a reason to shut this down.** + +a. Chances of the SEC investigating WSB based on complaints are reasonably high; actually taking action though, the chance is v small in my view. For one, it would be hard to show intent and prove who was doing what to the price. Regulators only like to take on slam dunk cases - they dont have enough resources or political capital to waste on potentially losing hands. The exception is if there is a big public interest in doing so...this is another reason to observe point 1 above. This is not to say they won't give Reddit a call to say "we think you need to sort out A,B,C” but this is v different from an enforcement action. + +b. **Focusing on what the SEC might do misses the point. The threshold for a company disowning a small part of itself, to protect the whole, is very small. Reddit has 330M users. WSB has 2M. You do the math.** + +Never mind trying to work out how much revenue Reddit makes from people who produce our quality of meme. + +c. Any company who is aware that part of its users are breaking the law, or potentially breaking the law, will not hesitate to cut off the gangrene thumb. No one is going to go in for bat for us for some ideals or whatever. They are worried about bringing attention to the company as a whole, getting regulated, or civil or criminal exposure - as they should be - this is just normal and good governance. + +💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎💎 + +**3. Follow the rules for the sub. There are four elements here.** + +a. Mods needs to tighten the rules to make it clear which conduct is not acceptable. I recommend including a small banner on each thread that states something like "WSB does not tolerate any market manipulation or other breaches of law and those who do so will be instantly permabanned." This can be hyperlink link to the rules or even SEC website. + +b. But then - and this is important - the rules **must** be enforced. Whenever you have a compliance program in place, a regulator wants to see the compliance program was reasonable to achieve its required outcome e.g. Not breaking the law and that **it was enforced in fact**. If you have rules that are not enforced its almost worse than having no rules. + +c. For us users, **don't break the rules**. Simples. + +d. And if you see other users breaking the rules, report it. Sounds like some Gestapo shit but at the end of the day, you either like this sub and want to protect it or you are going to miss the Tendieman. We have to collectively weed out shittiness and the mods are not going to be able to do this on their own - they are simply to retarded ;-) + +**4. Think about a serious plan B platform if this does get shut down.** + +Can't be Reddit - if the powers that be decide we are done, just calling it saulbeatwets or mallmeatnets won't fool them for long. + +**5. Think about putting some tendie money aside to kick in for the mother of all lawsuits.** + +If this does go south, we should consider kickstarting a fund to hire the same type of white shoe law firms these dudes hire and get our guys to point out every known act of manipulation and let the SEC decide who the real problem is. This is how you really fight back and win. + +**6. While I have your attention - can we please try not to take out fellow retards here.** + +Its a big bad world and I can watch my own six and yep everyone needs to learn the hard way. But I don't think we should be out here bitching about Melvin etc while we are trying to shaft each other. If you see this shit, call it out and we'll gather our pitchforks. + +In return, **newbies please f$#@ing read some shit on here before you ask the same question ad nauseum** (the answer is the same anyway: "No, its defo not too late to FOMO everything you or your tribe owns into an extremely volatile YOLO play and there is no way this can go tits up.” + + 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +**TL:DR: They are coming for this sub. Don't make it easy for them; follow the rules and mods enforce them.** + +Positions: GME to Melvin's uranus + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +It’s frustrating as hell. Every restaurant or small business I go to now charges 1.x% for payment by card. I swear I thought there used to be regulations against this or am I imagining that? + + +I really don’t want to have to carry cash around with me and would my prefer businesses just work their EFTPOS expenses into the ticket price, but there’s no chance of that happening because fuck the consumer right? +We will pay taxes. They stand to gain so much when the squeeze has squozed and that's not all they will gain. We will help our communities. Apes are charitable creatures. + +&#x200B; + +[https://www.nytimes.com/live/2021/04/13/business/stock-market-today](https://www.nytimes.com/live/2021/04/13/business/stock-market-today) +This 100% community-driven project is nearly 1 month old. I'm convinced this is your chance for insane profits. Let me start with some beautiful stats: + +1. 120k+ holders +2. 35Mill MC +3. 25k+ members in their Telegram group +4. 30k+ Twitter followers, millions of Tweet impressions +5. 12k+ TikTok followers +6. 6k+ Instagram followers +7. Growing Discord Members + +The most important part: you are still early! + +Safemoon Cash got on CG recently‼️ + +CMC? Still waiting + +CMC is always a huge trigger for any project but will be even more so for Safemoon Cash. The original Safemoon has been the most searched for crypto for weeks now on CMC. You do know what will happen when Safemoon Cash will be right up that search bar with them for CMC too, right? + +**Why is Safemoon Cash special?** + +Firstly, we are not the next Safemoon, rather, we are the 1st Safemoon Cash! + +Safemoon Cash is, in short, ownership-renounced, 100% community-driven project that will, inspired by Safemoon, bring a multitude of use cases to the world of crypto. Bitcoin Cash reached an ATH of 0.25 Bitcoin. The first goal is for Safemoon Cash to reach 25% of Safemoon’s peak market capitalization. + +**So why is Safemoon Cash different than Safemoon?** + +First of all: it is totally community-driven. Nobody 'owns it', as ownership of the smart contract has been renounced and they can't touch their LP. Safemoon has a manual LP and Safemoon Cash has an auto-LP. Also, their tokenomics are superior to those of Safemoon. With its high transaction tax, it’s the early holders of Safemoon that profit most. Every Safemoon Cash transaction incurs a 4% tax to the benefit of all. Safemoon Cash gives holders passive rewards (2%) through static reflection. 2% of each transaction is locked away in the Safemoon Cash liquidity pool, to create a steadily rising price floor. Safemoon Cash burned the liquidity after launching the token. + +**What has Safemoon Cash been up to and what's coming?** + +They got a very driven and talented team that's in it for the long run. They have already achieved a lot and are just getting started: + +1. Techrate Audit +2. Listed on Delta +3. Logo on TrustWallet +4. Listed on BlockfolioXT Exchange +5. Probit Exchange +6. Hotbit Exchange just announced + +Many more exchanges on the way! They are currently in discussions with, Whitebit, Huobi, and a few other MAJOR exchanges. + +They got endorsements from adult models **Sophie Dee (10.2M followers)** and **Richelle Ryan (3.2M followers)**, **4x Playboy cover Playmate Tayler Mercier (272K followers)** and **Playboy Playmate Yulia Foxx (355K followers)**. + +TikTok's from **Morgan Marshall (43K followers)**, **Alex Podulucky (45K followers)** and **Skyz (276K followers)**. + +Promotions by numerous Twitter, Tiktok, Instagram and YouTube influencers daily! Their marketing spend budget is MASSIVE! + +Young Troy (platinum producer) gave a shoutout on his song To The Moon. They made a video clip + +***Juicy J did his own shout-out today! (2.7Mill followers)*** + +Numerous giveaways. The current contest is for a chance to win 20k!! + +**Other use cases?** + +Yes! Safemoon Cash will within weeks introduce the Safemoon Cash Governance token (SMCG) and the Safemoon Cash Governance interface. SMCG holders, the community, can help shape the future of Safemoon Cash by influencing decisions concerning the project, such as proposing or deciding on new feature proposals (i.e. roadmap, hiring and staffing, charities, changes to governance parameters). Additionally, Safemoon Cash will introduce a yield farming protocol. It will be possible to farm the Safemoon Cash Governance token using Safemoon Cash. This will lock up Safemoon Cash, thus decreasing selling pressure and increasing liquidity. Furthermore, Safemoon Cash will introduce an interface on its website with the LP pool to easily add to the BNB/SAFEMOONCASH pair. + +**Introduction of SMC Governance token** + +In Q3 of 2021, Safemoon Cash will further increase the utility of its ecosystem by introducing an AMM contract to easily exchange/swap on its website. + +Further exciting use-cases/utilities on the way think “cash” component of our name👀 + +What do you think? + +Name of the coin: SAFEMOONCASH + +**Website:** safemooncash.org + +**Buy Link:** v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xf017e2773e4ee0590c81d79ccbcf1b2de1d22877 + +*\^ Use V1* + +**Alternative to buy:** bogged.finance/swap?token=0xF017E2773e4ee0590C81D79ccbcF1B2De1D22877 + +**GitHub:** github.com/safemooncash/SafeMoonCash + +**Medium:** safemooncash.medium.com + +**Twitter:** twitter.com/safemooncash + +Reddit: r/SAFEMOONCASHCommunity + +**Telegram:** t.me/safemooncash + +**TikTok:** tiktok.com/@safemooncash + +**Discord:** discord.gg/6RAdMdXQ + +**Instagram:** instagram.com/safemooncash +Just woke up in the morning, found out my coin exit-scammed. I believed in the project, it wasn't a shitty dog-coin, it was a decentralized casino, which I thought was a novel idea. Today, the team announced they're ceasing operations, price's dropped 95%, can't even withdraw coins from the staking contract from the site, and I don't wanna even bother with it, cause it'd be a tiny amount. Apparently the devs didn't sell any coins, which I don't really believe. What's worse, I could've sold for a nice 2x profit, but I believed in the project and bought the dip. + +The warning signs were kind of there, the audit had some things that in hindsight, were kind of dodgy. Don't even know why I'm writing this, I can survive without the money, but it is a real freacking kick in the gut... + +Lesson 1. Don't go all in on microcaps (really shouldn't have done that). + +Lesson 2. Don't be an idiot. + +RIP my folio, won't have money to invest in crypto for a while. +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 have a simple truth, one that you have probably seen before and dismissed but I can certainly tell you is the only reason you are not profitable. There is only one difference between you now and unlimited potential. I will tell you now how I am profitable, how I do this full time. I have a repeatable, back tested by myself edge, I only trade that edge and I beat it into the ground. I am not going to just leave you hanging with that I am going to give you suggestions. + +&#x200B; + +1. One is develop your edge, you might find it in technical analysis like I do or it may be something fundamental but you have to back test it and manually, automatic back tests can never be true to how you yourself would trade something and therefore can never be accurate due to lack of objectivity. You must back test as if you were trading it live, like oh that was a huge candle I would have definitely moved my stop loss there, or you will have no idea how YOU would profit with it. +2. Don't obsess on what the edge is just make sure it fits the frequency and trading style you desire and have respectively. It can be the most boring setup in the world but you will take it, every single time it appears without fail you are in the market to make money not screw around. The one time you miss it might be the one time the setup hit a home run and produces insane returns. I have been on 900 pip movements in forex setups that lasted less than 8 hours, they happen. I was in MRNA options last month when it popped 140+ dollars in 2 weeks. Do not ignore your setup when it appears because a "gut" feeling. +3. Your feelings are irrelevant. You show me an emotional man and I will show you a bad trader. If you are too attached to your money, you are trading too large with your capital that you cannot afford to lose. You have to be stalwart, if you enter a position with logic do you think you should exit it with emotion? No amount of size changes that the trade is still the same trade. +4. Stop losses. They don't have to be physical but they damn sure better be there at least mentally and you better keep them. If your winners and losers both run you will have no consistency and will never be able to do it full time, furthermore most people cut winners short because they don't want them to become losers and they let losers run hoping for a last minute turn around. Don't, it is bad practice and you will only become profitable with best practices. +5. Trail your profits. This one is debatable but assuming you have sane trailing stops this is your best bet. I worked as an analyst for years and still have no idea how far a trade might go. Why leave it up to conjecture? Just trail it until it hits. +6. Data is your friend. If you don't have eidetic memory you need to record your trades. Bonus if you use a program that records them automatically like [forex](https://forex.com).com. Why? Digital data points. Recording manually is fine but being able to easily filter trends and data into subsets like what days and times am I trading at my best is a real competitive edge. + +There is nothing more to trading. There is no mystery. No mysterious force. You do the above and you will see life from the mountain top. There is no limit to the amount of money you can make. Speaking from first hand knowledge. You will only be limited by your goals and your ambition. Do not put this off. Start changing today. Research some strategies and go back test them manually. First step. Get off reddit. Come back when you have something good to tell me. There is literally no more than this. Everything else is elegant overcomplications, you don't need a guru, mentor or course. You need yourself and time and effort. Go. +https://edition-m.cnn.com/2019/03/10/africa/ethiopia-airline-crash-nairobi-intl/index.html + +Last year a brand new 737 crashed, now it happened again. In the last case the problem was that a sensor was faulty and the crew could not figure out how to override the autopilot. This has to hit Boeing stock now, new planes never crash this much. +I am curious what your thoughts are on this from a FIRE standpoint. + +**My current job:** + + - Great team and boss +- Mostly stress free, semi flexible schedule +- Average benefits +- Great work life balance +- Room to learn more but not necessarily move up (maxed out) +- It’s mostly work from home. + +All this is for about 110k, about ~20% below average. + +I have opportunity to jump ship to a similar position for a ~25k salary increase, with slightly better benefits. The new job may have a commute of about an hour each way once a week (hybrid wfh). + +I really like and enjoy my current job and have doubled my salary in 6 years, but realize that that I can’t hit the higher salary brackets without moving. + +How do you decide when to risk the comfort and move? Specially from a FIRE standpoint? One can probably just “coast” but if it accelerates your FIRE plans by 5 years, is it better to take the risk? On one hand my job can be considered a “dream job” by many, but I can also be making 20-30% more. +[Original post](https://www.reddit.com/r/personalfinance/comments/6hrv3x/return_flight_cancelled_airline_only_offering_200/) + + +Just wanted to thank everyone here for all the information I got during my original post. I'm glad to say there was a happy ending! I let my bank know the situation, and even though I paid with a debit card, I ended up getting a full refund! I'm extremely happy that it all worked out. But in order to prevent this sort of problem in the future, I'm still looking at different credit cards that can help me in my travels. + + + +EDIT - Thanks for the gold! Much appreciated. + + +I didn't have a good grasp on money as a kid, and my folks didn't give me much direction. Got married, had kids. + +I realized I was doing the same things my folks did with me, as I was doing with my kids. + +It all came to a head my daughters freshman year in HS when she got her first job. She did very well, but I realized she was spending every penny (I was co-account on her checking/ savings). After a couple of months of watching the money get spent her mother and I sat down with her, and discussed every latte, snack, clothes bought. She was stunned to learn she spent 1K and really couldn't recall on what or when. + +We immediately implemented the 2/3 rule. Every check she got w/out question was immediately split. 2/3 went in her college/ savings account. The remaining 1/3 was her "free cash" to be used at her discretion. She grumbled and complained (initially). + +We held our ground though, and did the same with our other 2 younger children. + +Exception to the rule was 1. Money gifts, we only asked that 50% be deposited. 2. Around Thanksgiving we allowed only 1/3 of earned money went in savings for 2 checks (1 month) to allow for gift giving etc. + +By the time she was done with 4 years of HS jobs she'd saved about 6K. Enough for her to pay for college expenses we didn't cover. + +One child bought a used car for cash out of her savings, including insurance and the other is still saving, but used some to do some travel. + +They now have a solid foundation for saving, understand that we were never "taking" their money but rather instilling in them how good it feels to have a little financial stability. + +TDLR- if your kids have summer jobs, create a savings account and put 2/3 in it each time they are paid. By the time out of HS they will have a nice pile of cash for college and/or other large ticket items. +Article [here](https://business.financialpost.com/real-estate/pandemics-economic-hangover-will-hit-home-prices-by-2021-cibc-economists-predict) + +“By 2021, as the economics of housing returns to fundamentals, we expect an array of factors to result in a weaker market with some downward pressure on prices.” + +Demand will drop because of a weak jobs market and weaker investment, expect Tal and Judge. Meanwhile, some homeowners will be forced to sell, increasing supply to the point it could outweigh the effects caused by reduced supply of new housing. + +Even with the introduction of a vaccine the economic recovery could be sluggish. Much of the rise in unemployment represents temporary layoffs and jobs that will be regained in the recovery, but some of the economic damage being done will linger longer, Tal and Judge added. This could leave unemployment at around eight per cent next year, they suggest. + +“The cumulative damage suggests that when we recover, potentially at one point in 2021, we will be recovering into recessionary conditions,” Tal and Judge said. + +While moves by the Bank of Canada to lower interest rates and inject liquidity into the financial system are helping with mortgage rates, the cost of borrowing “is always secondary in an environment of low confidence, increased unemployment, and slower income growth,” the CIBC economists wrote. +Look at the market cap right now: 48 million: +https://i.gyazo.com/242298c564df8c24f00760e713a2f0d5.png + +Here is all your so called "PROOF" from a professional writer since you couldn't search and figure it out on your own and complained about someone else's grammar. + +https://www.bloomberg.com/news/articles/2017-10-03/hedge-funds-flip-icos-leaving-other-investors-holding-the-bag + +Hedge funds made money, the ICO participants we're dumped all the risk. GOOD OFFERING BY KIK. THANKS FOR THE AMAZING OPPORTUNITY. + +I don't need to be an economist to understand what the hell is going on and thank you to the people who did back me in my previous thread. +The first shift I ever worked was 4 years ago today on the launch day of COD WWII. I've got a bunch of fun stories from my years I'd love to share. I've been a shareholder since January and keeping up with all the memes, drama, FUD & fun we've had. + +Ask away, + +~ToxicLullaby28 + +Edit: Yes I originally fucked up my name & I fell asleep but I am responding as fast as I can. This blew up more than I thought. + +Edit 2: I'm definitely stating everything I am saying is not financial advice because we never give that here & all of my opinions & views are my own and do not represent that of the company. + +Edit 3: I am heading to bed! Thank you all for your questions I had a blast spending my time answering them. I will attempt to continue answering when I have downtime throughout my workday tomorrow if this post happens to gain any more traction. +Occasionally, some Bureau Members get together and discuss economics amongst themselves. Here is one such conversation. In the future, we will post conversations that we believe are somewhat high quality for the benefit of the community. Feel free to provide feedback on the content and format, or just respond to what's being said. + +***** + +**integralds** + +So let's take a step back. Someone precisely define the GWG. We're all econs here, we can do this. + +**commentsrus** + +reg wage female, b_female < 0, p < 0.05 + +TADA + +and then spend decades wondering why those results + +**besttrousers** + +Are there any proposed differences that aren't due to 1.) Endowments 2.) Preferences 3.) Discrimination? +or does that capture the sources + +**commentsrus** + +Endowments. Nice + +**besttrousers** + +hahaha + +**gorbachev** + +btw, succinct definition of the GWG + +"Whatever component of the difference between male and female wages that is unfair" + +**integralds** + +I'm not sure I can regress for "unfair" + +**Besttrousers** + +eh + +It's unfair that women have to go through labor and delivery + +but that's not like society's problem + +like get rid of discrimination, and you'd still see some GWG due to that + +**reg_monkey** + +I would say take an equal MPL woman and man and the man's wage - the woman's wage is the GWG + +**commentsrus** + +@besttrousers typical economist. unless (3) includes social pressure, you missed social pressure. + +and i mean social pressure beyond what shapes preferences + +**reg_monkey** + +Oh wait that isn't good because of choice variables + +**besttrousers** + +good point @commentsrus + +**commentsrus** + +obviously women can choose to do certain things + +**integralds** + +reg_monkey: I think that's close. Tack on the requisite expected discounted value stuff and I think it's really close. + +besttrousers' answer is also close. + +**reg_monkey** + +My problem is choice productivity variables like education. + +Bad incentives might lead women to not get education + +**gorbachev** + +I'm joking w/ the definition, but the point = what we choose to care about in the difference between male and female wages is semi-secretly a normative decision + +**commentsrus** + +care? i just want to know all of the causes. + +**integralds** + +besttrousers, a wrinkle: should we think of preferences as exogenous for this question? + +**ponderay** + +But besttrousers isn't the whole debate around the GWG about how much discrimination matters? + +**besttrousers** + +Yeah @reg_monkey. Like it's [interesting in my GWG data mock-up](https://np.reddit.com/r/badeconomics/comments/4ec0s6/the_silver_discussion_sticky_come_shoot_the_shit/d204bpy/?context=4) how the wage gap due to discrimination is 20%, but the *realized* gap was like 25% + +**commentsrus** + +@ponderay i see a shift toward trying to figure out how much social pressure matters + +**reg_monkey** + +It's also very important for welfare considerations + +GWG preventing capital accumulation is BAD + +**integralds** + +I mean I'm a macro person so I'm totally okay with taking preferences as exogenous, but I can conceive of reasons why we might not want to do that. Do more boys go into math because they have a pref for it, or are those prefs nudged by society/etc? + +**besttrousers** + +That's definitely a wrinkle @integralds - especially given @commentsrus point about social pressure + +it is GOD DAMN impossible to find girls clothes that aren't pink + +**commentsrus** + +@ponderay e.g., why women take care of kids and do housework more. or go into less quantitative fields. +part is preferences, but those can shaped by social forces, and norms can also induce one to consciously choose something + +Becker did some work on endogenous preferences but i know nothing + +**besttrousers** + +also even super dumb norms are stable with third party punishment. Bendor and Swistak 2000 show that any behavior is sustainable + +**gorbachev** + +dem folk theorems + +**besttrousers** + +@commentsrus there was a whole RSF working group on endogenous preferences in the 90s/00s + +with Akerlof, Camerer, Fehr, Gintis etc. + +**ponderay** + +I guess when I'm thinking of discrimination I was lumping those sorts of things in. + +**reg_monkey** + +@integralds I think I got one definition I like. Take a man and woman with the same amount of TFP. Wage the man makes - wage the woman makes + +**besttrousers** + +still gotta measure some unobservables though + +**commentsrus** + +@besttrousers i totally know what RSF is... + +**besttrousers** + +russell sage foundation + +**commentsrus** + +this? https://muse.jhu.edu/book/38525 + +**besttrousers** + +@commentsrus I think that's one of the products of the working group + +working group used to have a webpage, but that was like a decade ago + +**ponderay** + +reg_monkey how the hell do you identify TFP then? + +seems weird to just match residuals + +**gorbachev** + +reg_monkey, suppose they have the same MPL + +or face the exact same wage setting function + +suppose no taste discrimination occurs at any level + +suppose women have lower MPLs due to child bearing + +should we say there's a GWG? + +**reg_monkey** + +@ponderay I mean I don't think you can ID MPL either. I just wanted an "innate potential" to be the same + +Ahh you're right gorby + +**gorbachev** + +(hashtag secretly normative. some will say no b/c paid same W given MPL, others will say is unfair to punish for child bearing even if it lowers MPL) + +**mrdannyocean** + +>also even super dumb norms are stable with third party punishment. Bendor and Swistak 2000 show that any behavior is sustainable + +yeah this should be more well known game-theory wise + +**besttrousers** + +it's a neat finding! + +**integralds** + +I need to not write down DSGE models in chat. + +**mrdannyocean** + +too many econ types think 'everything will trend towards a nice efficient equilibrium over time' on every subject + +but dumb norms are often sticky + +nash equilibriums are just stable + +Nothing makes them inherently efficient + +**integralds** + +I have in mind a multi-stage model involving education choice, job choice, and maternity leave; grind out the competitive equilibrium; there should be a way to define an "excess" GWG. + +Then take it to data. + +See, this is how macros think. + +Micros would just hunt for exogenous or semi-exogenous variation and MHE their way to an estimate. + +**besttrousers** + +true +COST : Numbers are beautiful, the business passes the eulye test too +WMT: Same idea as Costco, but even cheaper. +ABBV : Can't see someone takeover their hold on the sector anytime soon +In short, these are simplified, best case scenarios for each of our two options. + +&#x200B; + +Growth stocks will make you rich. When you purchase a successful Growth Stock, you purchase a ticket that can be redeemed once in the future for more than you paid. You are also buying the obligation to sell it at the *perfect* time. This means time will be working with you, as well as against you. + +&#x200B; + +Dividend stocks will create you wealth. When you purchase a successful Dividend Stock, you purchase a financial product that will pay itself back over time, as well as bring you additional income in the future. When you purchase a Dividend Stock, and hold it forever, you are essentially looking time in the eye and saying, "We work together now." + +&#x200B; + +I believe that when it comes to average investors, **time** is our most reliable ally. It will be the only other force in our financial journey that is as reliable as taxes! + +&#x200B; + +Speaking of taxes... The only thing better than a dividend stock? A dividend stock in your TFSA(401k?). Thanks for coming have a good night! + +&#x200B; + +Honestly, r/wallstreetbets probably needs to see this more than r/dividends but I like y'all more. Peace! +In this video, Ray Dalio talks about the rise and fall of different economic powers over the last 500 years. I felt in a (not so) subtle way he was also indicating towards China rising to be the next global power. What are your thoughts on his ideas after watching this video (highly recommended if you haven't) or reading his book? + +[https://www.youtube.com/watch?v=xguam0TKMw8](https://www.youtube.com/watch?v=xguam0TKMw8) +# Hi Guys, + +# FOREWORD: HODL GME LIKE YOUR LIFE DEPENDS ON IT. (if you want too, im not your advisor just a random idiot.) + +Heres the links to go look yourself: + +[https://www.holdingschannel.com/bystock/?symbol=spxs](https://www.holdingschannel.com/bystock/?symbol=spxs) + +&#x200B; + +[https://iborrowdesk.com/report/SPXS](https://iborrowdesk.com/report/SPXS) + +Heres a screenshot I took from about 3 weeks ago showing some friends: + +[$SPXS Screenshot from Early April \(7th or so I can't recall exactly\)](https://preview.redd.it/igdibb9i6yt61.png?width=1167&format=png&auto=webp&s=8924b8000c3b93b429b417d3fea5901cea45891f) + +&#x200B; + +&#x200B; + +[Major Holders in $SPXS](https://preview.redd.it/xpaxtyt86yt61.png?width=674&format=png&auto=webp&s=fd03708cac0301c7a0012a708dbfb765c6d263ab) + +I'm not gonna sit here and tinfoil hat, but c'mon they aren't even TRYING to hide they're Bullish on SPY shitting the bed. They're looking to profit when the MOASS fucking destroys the top side of the market. Its so blaringly obvious it hurts. + +&#x200B; + +ETF's to check as well + +TZAFAZSDOWSQQQ + +There's more I'm sure, I'll update this post with more relevant info as I'm diving into the rest of these now. + +EDIT 1: GME Correlation per Run-up (3 Month Graph) + +[A little TOO close for comfort.](https://preview.redd.it/uba0ffrdayt61.png?width=751&format=png&auto=webp&s=c034cb47ec5db8a5529b56e04e3f3c8f08925f28) + +Not a PERFECT 1:1 but you'd need to be blind to say there's not something suspect here that deserves more attention. + +&#x200B; + +EDIT 2: MORE DATAAAAAAAAA WOOOOOHOOOOO + +CITADEL FINRA REPORT FOR DECEMBER 31st, 2020 These guys fucking "HATE" bull runs it seems! + +&#x200B; + +[Bull Run \\"Haters\\" ](https://preview.redd.it/11njyz89byt61.png?width=1329&format=png&auto=webp&s=4e19ffc07b49dcccd62c5b76054509e8e42a5498) + +&#x200B; + +EDIT 3: AN INTERESTING BEFORE AND AFTER SCREENSHOT OF LARGEST OPTIONS POSITION: + +2 Weeks ago: + +[2 Weeks ago](https://preview.redd.it/4pcxufl6cyt61.png?width=334&format=png&auto=webp&s=342e4b5d4a790e986a5f83422281f2d8c2ea285f) + +&#x200B; + +TODAYYYYYYYY (4/18/2021): + +[TODAYYYYYYYY \(4\/18\/2021\)](https://preview.redd.it/o5scb961cyt61.png?width=325&format=png&auto=webp&s=94b2820e8609710acbab54b0d42b1a31071e2d73) + +&#x200B; + +EDIT 4: + +JANUARY 11th $SPXS REVERSE STOCK SPLIT + +[JANUARY 11th $SPXS REVERSE STOCK SPLIT](https://preview.redd.it/cwr3opgwdyt61.png?width=1316&format=png&auto=webp&s=ee5abf2facdda632a42fe44e8df1befd8e716c9c) + +Legit question for the more well versed folk out there. What happens if you are short shares that never existed, then they get combined into 1 share? + +The fuck? + +Historical values of some of these ETF's prior to 3 separate reverse Stock splits: + +[Previous Value of these ETF's prior to Reverse Stock Splits](https://preview.redd.it/99negsd2eyt61.png?width=1222&format=png&auto=webp&s=8de6df7ae5d56fb1bf96f3c879d3e7e1db3209aa) + +&#x200B; + +EDIT 5: + +My Brain... ITS OVERFLOWING: + +What if theory: + +Inverse ETF's are designed to go DOWN. A Reverse Stock split is a KNOWN quantity to occur. + +Hypothetical: If you Naked Short an Inverse ETF (synthetic shares), then you have a Reverse Stock Split happen (10 get combined into 1) in theory you got paid crazy money on a stock that no longer exists due to the nature of these reverse splits. + +&#x200B; + +LOOK WHAT THIS IS MADE OUT OF: + +\#1 - THE FUCKING GOVERNMENT (Bank OF New York Cash Reserve is a federal reserve bank) + +[Fidelity & Goldman Sachs & BANK OF NEW YORK CASH RESERVE](https://preview.redd.it/uugwbw6vhyt61.png?width=439&format=png&auto=webp&s=fd9c45be5ca45d41b8af4a3b24283d81c292ac5f) + +&#x200B; + +EDIT 6: More goodies for my fellow Apes! LOOK A PATTERN (screenshots taken 4/18/2021) + +FAZ: + +[Wait a sec... Bank of New York Cash Reserve? Fidelity? Goldman?](https://preview.redd.it/d734mfue1zt61.png?width=442&format=png&auto=webp&s=3384a3ab493b8c6aa235bb6a8e1c16c58af24714) + +TZA: + +&#x200B; + +[Wait a fuckin' second here.. once was a fluke, twice luck, 3 times....](https://preview.redd.it/jef7cten1zt61.png?width=440&format=png&auto=webp&s=2ae0f90a80292e87937bf950b3f4ad8a00b82ec8) + +EDIT 7: + +Lets see what some of Ken's other holdings tell us is in these ETF's.... + +&#x200B; + +SDOW: + +&#x200B; + +[Oh look fancy meeting you here Goldman! Wait where's all the data????](https://preview.redd.it/le00gbko2zt61.png?width=449&format=png&auto=webp&s=4c58b5aa0524493bc98a662c85db3dfda187ec06) + +SQQQ: + +&#x200B; + +[Huh, just a buncha Treasury Bills, LAME \(not really lame, Citadel is deep in this one\)](https://preview.redd.it/fbptdxbt2zt61.png?width=446&format=png&auto=webp&s=203197b8f828841cdade9147f64a6f129f73ffc1) + +EDIT 8: + +List of all INVERSE ETF's. Lots of digging to do. + +[https://www.thebalance.com/list-of-inverse-etfs-and-etns-1214928](https://www.thebalance.com/list-of-inverse-etfs-and-etns-1214928) + +Will update later when I got some time. I think I did good for right now, other Apes are more than welcome to dig into it! + +&#x200B; + +EDIT 9: + +FUCK I COULDN'T HELP MYSELF HERES SOME MORE INVERSE (Bear) ETF's: + +ERY: + +[4th pattern.](https://preview.redd.it/skoioej86zt61.png?width=439&format=png&auto=webp&s=2af56b8f8c1fdf9e1a7b8359cb51ddd07773069e) + +&#x200B; + +TYO: + +[5th](https://preview.redd.it/g8dop2uf6zt61.png?width=442&format=png&auto=webp&s=5a8ea9fb3bcfe9277f1b17cdea52feecaec1758f) + +&#x200B; + +TMV: + +[6th.](https://preview.redd.it/mvgpialm6zt61.png?width=446&format=png&auto=webp&s=b2e7db945078d3079a8b360691f00d16cab1345f) + +&#x200B; + +EDIT 10: + +Theory for Reverse Stock Splits on Inverse ETFs, and why the share price from 12 years ago is still alive today: + +Consider this: + +A reverse stock split on a regular ETF would be exactly that, a 1:2 - "Increasing" share value. + +A regular stock split on a regular ETF would be exactly that, a 2:1 - "Decreasing" share value. + +A reverse stock split on an Inverse ETF = 1:2 "Decreasing" share value. + +A regular stock split on an Inverse ETF = 2:1 "Increasing" share value. + +Remember, this is opposite day with these inverse ETF's. The act of reverse splitting is the same as a regular ETF's stock split, IE - more shares = same money. + +Now its simply, Less shares = same money. + +Due to how we all know that the ticker is NOT representative of the real price in a manipulated security it is incredibly easy to see how SPXS may be like a bundle of taut cords, about to snap but not readily apparent until it simply happens. + +&#x200B; + +EDIT 11: + +TA;DR - + +SPXS goes down, SPY goes up. + +SPXS goes up, SPY goes down. + +GME correlates with SPXS movements. + +If GME goes up, SPXS will go up, and SPY will go down. + +Citadel & friends are HYPER Long on SPXS (and other Inverse ETF's) = Profit from GME Mooning. HODL will make all their profits get eaten tho by hungry apes. +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 +So I'm 25, last year I moved out of my parents house into a rental which basically used up all my money furnishing it etc. + +Next paycheck I will have 10K saved which is not that impressive vs what people on here have achieved but I'm really proud of myself! I live alone, and I've never been happier :) + +Rather than just letting it sit, would you recommend I put it in Vanguard or something? Would my bank (Bendigo) offer something good? I don't want anything high risk, just some passive tangible gains would be lovely. I plan on leaving it invested until I have another 10K to put into it, and eventually I'm going to take that money and use it for a home deposit (so like never lmao) + +I still plan on saving money, but I'm gonna celebrate by buying some things (not out of the savings account of course) I have been putting off, I'm also going on a much needed holiday next year to Melbourne (I've never gone) so that's exciting!! + +Edit: Thank you for all the kind words and great comments down below, I'll definitely check out a savings account next paycheck! :) +The day we left r/GME, this sub had about 250 members. Now look at it. You apes, all of you, are beautiful, diamond-handed smooth brain crayon-eating rocket-launching legends. I've never seen a sub grow so fast. + +Please take a look at the rules. We did our best to keep them simple, and while we are focused on a non-censored sub, we will remove if we must. We do have some mods who have graciously dedicated their time to help moderate the sub, so give them some props. + +And without further adieu, here is the daily discussion: +Previous post was removed due to excess reports. + +https://www.bls.gov/news.release/pdf/empsit.pdf + +Unemployment report blows out expectations lead by job gains +in leisure and hospitality, construction, education and health services, and retail. + +Nearly 2.5M people who were temporarily furloughed have returned to work. Labor force participation up 0.6% +My parents have asked me if they can have my bank details. They said it's just for ID checks as they are getting a new mobile phone. Does this mean they are trying to take out credit in my name? They have terrible credit themselves and I don't want them doing this. Is it even legal? + +I presume if they are taking credit out in my name, they would change the payment details to theirs before the first payment, but surely this will show on my credit file? + +I bought them a phone on contract years ago as a gift, but I haven't been paying that for years. Could it be linked to this? + +They said 1p will be taken and returned to my account. They were very blasé and vague about it and haven't replied to my text after I texted them questioning why, which makes me suspicious. Should I be? Or is this nothing to worry about? +I got a duplex in early 2021 and started leasing (year lease) to this young couple late 2021. Been househacking (living in the smaller unit) and renting out the larger unit. + +This is where I made a mistake. In Feb 2022 one day, he asked me if he could bring his dog (which stayed at his sister's) and pay an extra $50 a month. I immediately said yes since I felt bad for the dog. He's an outside dog and stays in the shed. Looks like a Rottweiler mixed breed. + +Now, the dog constantly barks almost all day and sometimes at nights I wake up. The noise is NOT worth the $50/month. I've asked him to calm the dog down, he's been apologetic but the noise is still just too much. I've been thinking of strategies to help. +1) Going to buy a anti barking dog device. Let's see if it works. +2) Add a clause in the renewed lease agreement that the dog would cost an hefty amount in the upcoming new lease agreement. I'm thinking somewhere like $300/month. To dissuade keeping the dog OR at least make the noise worth my while. + +Any thoughts, advice? +My father will soon collect his 3rd pillar in CH. + +Also, he will be receiving his pension in CHF, but most of it will be spent in HRK. + +&#x200B; + +How safe it is to use TransferWise to do the exchange? + +&#x200B; + +I know he can open a CHF account in Croatia and just use SWIFT to transfer CHF -> CHF for a small fee, but the bank exchange rate is not that good when withdrawing HRK. + +TransferWise has better rates. + +&#x200B; + +But how safe it is? + +As in, is there a chance for his funds to be frozen? + +&#x200B; + +How large a sum does he need to "call in" beforehand? + +E.g., can he transfer 20000 CHF to his TransferWise CHF balance, change that to HTK, then send that to his Croatian HRK bank account in a reasonable time? + +&#x200B; + +EDIT + +Thanks everybody! + +I asked because there have been a few post online with some scare stories. But those might have been simply because of the verification process, which I am having problems also with. + +But the responses here are overwhelmingly positive, so it looks fine. + +I will check with their support additionally for our situation. + +&#x200B; + +EDIT2 + +Ok, so apparently, you can only receive money in €, not in CHF. + +So if you need anything other then €, you will be charged conversion twice. + +Not ideal. Since we need to receive money in CHF and withdraw in HRK. + +&#x200B; + +I guess I'll need a different service after all. + +&#x200B; +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Your markets are run by bots. 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Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +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/wsNDGTf5QH). +That’s it. + +I’m tired of seeing memes being mass upvoted when the text is some brainless shit like “stock market mad cuz poors did capitalism”. + +Sure the SHFs and the people who enable them are bad guys but screeching “eat the rich” is the kinda stuff they want you to repeat mindlessly so the actual arguments against them and their practices get drowned out. + +Idk if any of this makes any sense but I just wanted to get it off my chest. I’m a few beers deep into my day drinking so excuse my retardation. + +Peace out y’all and enjoy your weekend. + +🚀🚀🚀 + +Edit: to the people who respectfully disagree, I 100% value your input and the civility amongst most of the apes here is amazing. I love each and every fucking one of you ❤️ +I’ve been in $SAFEMOON from the beginning or close to it and have been excited about it since hopping on board. Im not the only one - a couple of days ago there was only like 2.5k holders, today there is almost 30k holders with an mcap closing in on 70 million dollars. This quick rise overwhelmed the guy who developed the coin and the site went down due to the sheer volume of traffic. They have brought on more people now and things are starting to smooth out. I’ve seen a lot of talk about it possibly being a scam so I’m gonna shut that shit down real quick, the devs use discord as their primary means of contact with our community and they just had an impromptu AMA in voice chat with hundreds of people listening and asking questions. This team knows it’s the community that drives this token and I genuinely feel like they are in for the long run. Come have a chat in discord with the community and the devs. + +As always DYOR. + +Safemoon.xyz + +https://discord.gg/BRQxRCEh +The Bank of Canada is cutting its benchmark interest rate by 50 basis points to 0.75 per cent in an emergency decision announced Friday. + +The move comes amid growing concern about the economic fallout of the spread of COVID-19. + +The rate cut comes following a 50-basis-point cut March 4. + +https://www.bnnbloomberg.ca/bank-of-canada-cuts-key-interest-rate-to-0-75-1.1405653 +RC Ventures has Filed a Form 144. This does not mean he has sold. This only means RC Ventures now has the right to sell within 90 days. **THIS IS FUCKING BULLISH!!!** + +Under rule 144, more than 1% of total outstanding shares or the average of the previous four-week trading volume can be sold at a time **AFTER** the disclosure. + +Key note here: This filing takes place before a sale. This does not indicate he has sold beds and does not force him to sell either, it just gives him the option to sell a large stake within 90 days. + +IMO this is a huge indicator that RC believes beds (and in unison because of swaps and stuff, GME) is going to explode in the next 90 days! + +Don't let the FUD get you, IMO this is a good indicator that RC likes what's coming. + +https://preview.redd.it/nyw7ba7q4ci91.png?width=949&format=png&auto=webp&s=640efb773509ea00db36fc447bb853fecac28428 + +EDIT: Adding the following image to show the actual SEC filing and what it says. + +[Highlighted the section about \\"potential sale\\".](https://preview.redd.it/2dmimmt18ci91.png?width=1055&format=png&auto=webp&s=ee6715e61459248a382cc624e1e1e18080b38332) + +EDIT 2: Looks like I got this one wrong. Did some TA and don't like the looks of BBBY in the near term. Too many gaps down low and dropping through support levels. + +EDIT 3: Did RC pay off debt for BBBY with the short swing rule? Need some wrinklies. BBBY filing this morning saying they reached an agreement with RC was interesting and positive. + +EDIT 4: this here is some solid speculation on what happened this week - [69-D Chess](https://www.reddit.com/r/Superstonk/comments/wrvoo5/gme_and_bbby_rc_turning_tables_in_69d_chess/) + +As always.. + +See you space cowboy! 🚀 + Recently there has been a ton of FUD on the sub and shills have been out in force. SEC# flooded everywhere drowning out nearly all other information the day after an important ama happened. One bit of info stood out during that ama and it is contacting the NASAA. So what's the NASAA...well I'm a bit of a smooth brain but it looks like state versions of the SEC. + +Well why do we need to contact them over the SEC some might ask. It's simple, really incredibly simple and easy to overlook. We know the SEC is comprised and probably bought off. Look where the board members came from. NASAA on the other hand has similar responsibility to the SEC with one key difference...they are not in someone else's pocket. In the grand scheme of things they are like middle management. There might be some that are in bed with big finance but most were deemed not important enough. The NASAA has the power to put extreme pressure on short sellers and are likely to be impartial/not on the books. They don't get to leave there position and go back to the banks, this is an actual job to them. + +The very fact that contacting the NASAA disappeared from the sub in less than a day should be proof enough of it's importance. Noone is talking about the one thing we were told that could help from a lady that spent a good chunk of her career trying to stop short sellers and market manipulation. + +Obligatory 🚀 💎 🐒 +Hello folks. This is just a friendly ape to ape to say that you might want to hold off quitting your job the day you sell your shares. Why you might ask? While that day will be exciting! You don't technically own that money until the trade is confirmed for two days, T+2. I am personally going to wait to submit my resignation letter till the day I get my trade confirmation email so that I know those commas in my account are mine and there was no fuckery abound! Keep it up apes! + +HODL. VOTE. 💎🙌🚀 edit: BUY!!! +I feel extremely embarrassed asking this being that I am almost 30. I recently had an epiphany about my finances and spending. + +It hit me today, when I realized that last month when I got $13K from a personal windfall and when checking out the balance I'm down to $6,000 with no real large purchases. + +I don't have a a gambling or alchohol problem, but I spend money in a very liberal fashion. Example, if I'm hungry I'll order uber eats and spend $40, I'll buy stuff on Amazon that I need (or think I need) and spend $10 or $20. If I see something in Walmart that I like, even if it's $15 or something I'll buy it. + +I've always looked at frugality with a really negative view, I think I associate frugality with cheap people which I dislike a lot. + +EDIT: WOW! SO MANY RESPONSES! THANK YOU ALL SO MUCH! I WAS GENUINELY EXPECTING LIKE 1 OR 2 PEOPLE TO COMMENT AND THAT'S IT. I AM TAKING NOTES ON ALL COMMENTS ON HERE! +Me (21) and my fiancee (21), want to learn about finances. I have a basic understanding about things like credit, retirement accounts, loans, and investing; but I have a tendency to overwhelm her when I try to explain things. I would love to find a great resource that can both teach her the basics, and strengthen mine as well, just wondering if anybody knows or has used any website, blog, or Youtube channel or anything else where they learn alot that they think could help us as well? Thank you! +So I'll try my best to keep this short and simple, but overall looking for advice if I'm able to interevene in this situation at all. + +My mom is 61 years old and hopefully close to retirement soon. She says she is not able to retire just yet. Her 401k is around $550k, her cash amount is around $270k (literally cash in a savings account due to an inheritance) and her house is worth around $500k with about $150k still left in her mortgage. + +Here is the big issue: My grandmother passed away about 4 years ago and when she died she left my mom and my uncle her house in San Jose, CA. This house is literally centered in the heart of Silicon Valley and is pretty big. I don't know the exact value of the house because it hasn't be appraised in who knows how long, but houses in the same neighborhood are easily going for 2.5mil+. The house probably needs some work but nothing major. + +My uncle currently lives in the house and has lived in the house all his life. He is a free loader, never moved out, didn't go to my grandmas funeral, and my mom pretty much has zero contact with him. + +I've told her numerous times if you guys sell and split this you can retire right now! My mom is very non confrontational and has not wanted to deal with this since my grandma died 4 years ago. + +I have told her many times to try to reach out and see if she can get ahold of him but she always says she will but won't. I've told her maybe get an attorney and see if they can help - still hasn't. + +What kind of help can I do in this situation? I'm assuming some might just say you can't. its her house and she can do with it want she wants and I respect that but my mom deserves to retire. She has worked hard her whole life - made some bad financial decisions but has put her self in a good spot now. + +Any help is appreciated, thank you! +Discord just deleted the r/WallStreetbets and Reddit has also closed their subreddit. The excuse they used was the promotion of hate speech and misinformation despite it being widely known as a meme page with intentionally divisive content. It was a page by and for the average retail investor. This is a diversion, this is suppression. They want to silence us so they can stop hemorrhaging capital. Keep buying, Keep holding +My folks make a great income from their (almost) passive business which will continue now that they are getting close to retirement age. + +They have about 150k from their cash that they would like to earn some dividends on. Products such as ZWC and VDY seem appealing. + +Obviously growth here is not the primary goal and they don't really need that 150k anytime soon. I think they'd like a nice little recurring paycheck from it. They're not interested in picking individual stocks. + +Suggestions? +I'm making this post to help US citizens who have their money on [Binance.US](https://Binance.US). + +Recently, I made a trade and sold off some crypto to keep some funds in USD for a move down I anticipated happening. Everything was going according to plan and the next morning I got up to make my trade, only to find more than $1000 was missing from my USD funds. + +&#x200B; + +[The $11 buy was with separate money](https://preview.redd.it/ikvei79uho871.png?width=1044&format=png&auto=webp&s=cdb7a73aebf9c8f9d99d08c7ee3eb8b3a0d2f495) + +&#x200B; + +[This is the amount I woke up to](https://preview.redd.it/o9qb57q2io871.png?width=1044&format=png&auto=webp&s=f5dbc5c56de1c1a24a54598b6d3e6167b46d21fb) + +Confused, I tried to reach out to [Binance.US](https://Binance.US) to no avail. I did some research and found out people have been waiting months for tickets to be resolved. That was unacceptable to me, so I filed formal complaints with the BBB and the SEC, of which both cases are still open at the time of this writing. + +Today, [Binance.US](https://Binance.US) emailed me back and notified me they removed $1000 from my trade because "their records" show a deposit I made on the 25th of June never went through. + +&#x200B; + +[This is the first indication I got of where the money went](https://preview.redd.it/x4y4wdp8jo871.png?width=701&format=png&auto=webp&s=4f94935728d624b64c5456677d638fdcfe13320b) + +Confused, I logged into my bank account to check my account and sure enough, there was a transaction for $1000 on June 25th. + +[Bank Statement](https://preview.redd.it/b7r6h0fkjo871.png?width=1028&format=png&auto=webp&s=e3c42ed146079c84c70640419107325757db1a1d) + +The most alarming thing about this is that [Binance.US](https://Binance.US) gave me ZERO indication that they were doing this, and if I wasn't the type of person who pays very close attention to his account, that money would have been gone forever with me being none the wiser. There were no emails, no alerts, nothing on my account, zilch, to indicate what they did. And to top it all off, it was done in the middle of the night, somewhere between 3-4am PST, as the market was falling. So when I woke up, the PNL looked as if it was a normal red day. To top it all off, they took MORE than $1000 when they removed the money from my account. + +If you guys are using [Binance.US](https://Binance.US), get your money off of that exchange ASAP and watch your funds like a hawk. There will likely be a lawsuit that stems from these types of practices, and it shows that [Binance.US](https://Binance.US) is being grossly incompetent with people's money to the point of negligence. Please do not use them and use this message to protect yourself. + + +UPDATE: Binance.US is doubling down and saying they never received the funds. I called my bank and they confirmed the transaction did go through in a timely manner. + +I traced out my bank statement with my USD deposits on Binance.US and they match up perfectly, minus the $1000 + a few extra they took without telling me. +Hello + +I've just purchased a few shares of WISE after it went live earlier today. I've been a long term user, and couldn't find anything to worry about when doing my DD. I was also lucky enough to qualify for 'Ownwise' where I'll get a 5% bonus if I hold for a year, which certainly influenced my decision. + +What are people's thoughts and opinions on the long term prospects? +On average how much do people invest per month? Curious to see what the answer is here, I’m trying to figure out what proportion of my salary to put in seen some wild numbers on here either people are earning a shed ton or have huge balls 😅 + +Edit - Age and percentage would be interesting as well +So I was at a house auction yesterday that was advertised within the price range $1.275m - $1.375m. The auction started at $1.2m was going up in 10k increments until it reached 1.35m and looked like it was finishing at that, but it was obvious that it hadn’t reached the reserve. + +The auctioneer went inside and spoke to the owner and then came out and said good news, the owner was willing to adjust the reserve and then put in a vendor bid at 1.4m and said that they now allow 1k increments for the highest bidder to have exclusive negotiation rights with the owner. The highest bidder was confused (as was I) as to whether they were bidding to win the auction or simply to negotiate after the auction passes in as it was clear that he didn’t want to buy the property at above 1.4m. + +Someone else then started jumping in at 1k increments and the auctioneer kept egging people on saying you will have exclusive rights to negotiate afterwards. A few more bids came in and the price went up to 1.406m. The auctioneer went back into the house and then came back out and said congratulations the owner is willing to accept that offer and counted down quickly and announced that the property was sold. + +So would the highest bidder now have to buy the property at 1.406m or would they simply be negotiating with the owner for a lower price? If they are bound to buy then how is that legal? The auctioneer was egging people on saying that they were bidding for exclusive rights to negotiate (which I assume meant that it hadn’t reached the reserve) and then turn around and say that the owner now drops the reserve to that price so “congratulations”, you won the auction!? +Beginning traders try to over complicate their trading by adding a bunch of indicators, a ton of criteria, watching and analyzing 50 stocks at once, putting up 4+ monitors, and just adding a ton of flack to make it seem like they are doing something "advanced" so it justifies trading as an actual career. + + What they fail to notice is that all this does is just adds noise to their trading and causes significant mental burnout. + +The best trading strategies all have these things in common. + +- Volume + +- Price + +- Key Levels + +- Trend + +Focus on the basics and try to simplify your trading. +Less is more. +&#x200B; + +https://preview.redd.it/nrkax3a2zbr61.png?width=987&format=png&auto=webp&s=04a08bb04d0835d128b653f20bcedce78573f3d4 + +&#x200B; + +Source: + +[https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-market-equity-offering-program](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-market-equity-offering-program) +# Introduction: + +Good morning and Happy Holidays everyone. Thanks for the patience regarding this post, holidays have been a bit busy for us. For this review, I will be diving less in the financials since REITs are required to pay out 90% of it's income in the form of distributions, and since it is important to evaluate them based on their holdings rather than strict numbers. Especially when fluctuations in the Real Estate market are taken into consideration. + +Please note, I will not be discussing individual holdings, there are way too many to evaluate there, however I am going to link the investor presentation and 10K below. If you do anything with this post, please make it that, check out those slides, they are loaded with very useful company information that would take way too long to discuss here. Plus they have better visuals. Because I am including those links this post will be shorter than my normal ones simple because there is too much information to include in a single post that is better represented in the information they already have. + +# $O - Realty Income: + +**Sector: Real Estate Investment Trust - REIT** + +Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with commercial tenants. To date, the company has declared 604 consecutive common stock monthly dividends throughout its 51-year operating history and increased the dividend 108 times since Realty Income's public listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend Aristocrats index.. + +**Strengths:** + +>\- Very strong tangible assets. We will look a list of tenants below. +> +>\- Popularity amoung investors due to monthly payouts and increasing dividends. Dividends they managed to continuously increase through the 2008 subprime mortgage crisis. +> +>\- Conservative and responsible spending/expansion planning. +> +>\- Diversified tenants w/long leases. +> +>\- Occupancy has never been below \~95% +> +>\- 23 out of 24 years of earnings growth. (2008 was the one negative year, and only bt \~-2%) + +**Negatives:** + +>\- Dividends will be taxes at your ordinary income tax rate since they are non-qualified dividends. +> +>\- More susceptible to rising mortgage interest rates. +> +>\- Expensive compared to similar REITs. (due to popularity). +> +>\- Long term health/staying of traditional brick and mortar retail locations vs companies like Amazon. + +**Top 20 Tenants:** + +Many of $O's tenants are big names. As it stands, Realty Income has over \~600 tenants across 51 separate industries in both the United States and UK. Since 1990, it has grow from 630 properties to over 6,588 properties in 2020. + +* Walgreens\* 5.8% +* 7-Eleven\* 4.9% +* Dollar General\* 4.4% +* FedEx\* 3.8% +* Dollar Tree / Family Dollar\* 3.3% +* LA Fitness 3.3% +* Regal Cinemas (Cineworld) 2.8% +* AMC Theatres 2.7% +* Sainsbury’s 2.6% +* Walmart / Sam’s Club\* 2.6% +* Life Time Fitness 2.5% +* Circle K (Couche-Tard)\* 1.8% +* BJ’s Wholesale Clubs 1.7% +* Treasury Wine Estates 1.6% +* CVS Pharmacy\* 1.6% +* Super America (Marathon)\* +* 1.6% Kroger\* 1.5% +* Home Depot\* 1.4% +* GPM Investments / Fas Mart 1.4% +* TBC Corporation\* 1.2% + +So what was the impact of COVID-19? Surprisingly very small. Over 94% of Realty Income's tenants continued to pay their rents on time and in full. The 6% that were not able to continue paying include: + +* 60% of Theaters (\*cough\* AMC) +* 18% of Health and Fitness Gyms +* 3% of General Merchandise Retailors +* 1% of Casual Dining Restaurants + +# Dividend & Growth Highlights: + +The numbers we will be looking at here are the dividend and company growth since 1994. Remember that these numbers are not indicative of future growth since they are backwards looking. No one has a crystal ball telling them how companies will grow in the future. + +**Current Dividend Info:** + +|Stock Price|$61.25| +|:-|:-| +|P/E Ratio|51.00 (They are popular)| +|Current Annual Payout / Share|$2.81| +|Monthly Dividend Amount|$0.2340| +|10 Yr Div Growth Rate|4.7%| +|3 Yr Div Growth Rate|4.3%| +|1 Yr Div Growth Rate|3%| + +**Interesting Growth/Dividend Highlights since 1994:** + +* Compound annual return of 15.3% +* Compound annual dividend growth of \~4.45% +* Dividend Growth of 212.5% (Including Dec 2020) +* Market Cap vs Debt = $21.3 Billion vs. $8.5 Billion + +**What if you bought back in 2009?:** + +Suppose you bought 1000 shares back in 2009 after the subprime crisis, what would you investment and income look like now? Well: + +|1K Shares Bought on Dec 2009|$25,900| +|:-|:-| +|Investment Value as of Dec 2020|$61,250| +|Dividend Income in 2009|\~$1,700| +|Dividend Income in 2020|\~2,800 (Assuming DRIP)| +|Original Yield in 2009|\~6.5%| +|Yield as of 2020 (Assuming DRIP)|\~10.5%| +|Dividends Received from 2009 - 2020|\~$24,000 (Assuming DRIP)| + +So, without even considering the stock price appreciation, dividends would have returned you nearly your entire original investment amount of $25K. Again, all these number do assume you were reinvesting the dividends to compound your growth. + +# Link to the Investor and International Expansion Slides: + +[REALTY INCOME INVESTOR PRESENTATIONS](https://www.realtyincome.com/investors/investor-presentation/default.aspx) + +Here you can find slides that present the current company finance structure, outlook, levels of debt, and tenant information all visualized in a very good way. It is too much information to write about here so please take the time to check it out if you are more interested in those details. Much of this information starts on slide 31. Additionally the information can be found on page 34 of the annual 10K. + +[REALTY INCOME 10K ANNUAL FILING](http://d18rn0p25nwr6d.cloudfront.net/CIK-0000726728/d57a0155-979b-4fe7-a169-1a9306bf58e5.pdf) + +Here in the 10K is all the detailed information about their ownings, ownings by state, individualized income from those holdings, mortgage debt, revolving debt numbers, total income and investments, and payout dispersals. + +NOTE: Many of the numbers are can fluctuate wildly due to swings in the intrinsic value of their properties and the overall real estate market, this can make REITs a bit harder to evaluate strictly from a numbers perspective. + +# A quick note about the 10K: + +It is strongly encouraged you scroll through the 10K when you have time to relax and if you're interested in investing into the company. (Link right above in previous section) + +At a glance on page 34, it can be noted that they have steadily been increasing their profit margins over the last 5 years. Yes Debt has increased, but so has the overall revenue, and at a slightly wider margin than debt expansion. This is part of their strategy moving forward and is discussed in the investor presentation on slide 35+ in the link above. + +# Closing Thoughts: + +Realty Income is popular is a REIT for a reason, it has excellent holdings, pays monthly, has strong staying power even during market down turns (2008 + COVID), and competent leadership with responsible, relevant, and more conservative investment strategies. (This is particularly important during downturns, see AMC vs Cinemark right now) + +Again, please check out the 10K and Investor Slides above, there is much more useful information there that would simply take too long to cover here. This was a shorter post to simply get the brain juices churning before reading the information from the links. + +Again, thanks for the patience for this post, thankyou for reason, please do your own research, and everyone have a fantastic rest of their holidays. Happy (soon to be) New Year! + +Edit: I am highlighting this comment by u/methothimself for anyone looking into the 10k. REIT valuations are generally measured on a Price/FFO, Price/AFFO and Premium/Discount to NAV, which is why the P/E looks so distorted for most REITs as it accounts for a heavy depreciation line item. FFO adds back depreciation and AFFO adds back depreciation and recurring capex. On a P/AFFO basis O trades at ~17x on 2021 earnings. +Hey everyone, I posted this in r/options earlier this week, thought I'd post it here too. Hope you like it :) + +\- u/ArchegosRiskManager + +# Overview + +In this post, I will talk about: + +\- Understanding your industry + +\- Provide the right service + +\- Find the right market + +# Intro + +Trading is hard. There are many good traders, but also many traders that are losing money. One common theme I see is that losing traders don't see trading as a business. In this post, I try to provide some insight into how traders should think about the job. + +# Understanding your industry + +There are a lot of different market participants. People wouldn't start a business without understanding the different players in the space - and trading is no different + +**Market Makers** + +Market makers quote prices (and quantities) at which they're willing to buy and sell assets. Because their profit comes from the bid/ask spread, they have to be extremely careful in managing their inventory. + +Market Makers provide a service by offering liquidity to whoever needs to trade in the market; they allow traders to make trades immediately in exchange for the bid/ask spread. + +As retail traders, it's more likely than not that market makers are our 'suppliers'; we trade with them more than we trade with other retail. + +As retail traders, it's more likely than not that market makers are our 'suppliers'; we trade with them directly more than we trade with anyone else. We should try to minimize our 'costs' by making good use of limit orders; hitting the bid or ask too often cuts into our long term profits. + +**Investors** + +Investors include pension funds, mutual funds, and other money managers. Like individual investors, they are compensated for providing equity capital - stocks are much cheaper than their future earnings because of the uncertainty of those earnings. + +Institutional investors might sell covered calls (since they're okay with missing out on some gains if it means earning some premium during flat/down markets), or they may buy puts as insurance. Some funds use options as a way to replace stock positions in order to make leveraged, directional (delta) bets. + +Since trading options is not their primary business, whether an option has an IV of 15 or 16 doesn't matter all that much to them. This provides a lot of trading opportunities for others. + +Market Makers try to set prices to manage their inventory. However, sometimes there's just more investor demand for one product than there is supply. This means that the Market Maker has to adjust their prices away from "fair value" in order to balance their order flow. + +These investors who push prices around give us trading opportunities. These are our customers. + +**Hedge Funds / Prop Traders** + +Hedge Funds and Prop Traders try to meet excess investor demand by selling overpriced assets, and then hedging by buying similar (but not the same) assets. They then realize a profit when demand subsides and the asset prices return to normal. Prop Traders make the markets more efficient, which makes finding good trades harder - these are our competitors. + +It's worth noting that there's a lot of overlap between market makers and prop traders. Many prop shops run market-making strategies. + +# Provide The Right Service + +There are a lot of different players in the market. What does this mean? + +The competition is intense. You usually can't sell super overpriced stuff or buy stuff at a great value. Looking at CPI numbers or economic data is probably not going to generate alpha because every investment fund also has that. Similarly, everyone can see RSI or MACD indicators. It's highly unlikely some DD from public information will help you find a stock undervalued by 50% - institutional investors with better/faster information would have bought up the stock, pushing up prices to fair value. + +***TL;DR: Public info is priced in.*** + +However, this doesn't mean that there's no opportunity to make money. Market Makers, Investors, and Hedge Funds all make money - because they all provide some sort of service to the market. + +Market Making is too difficult for most retail investors, but what we can do is be paid a risk premium. + +Investors get paid an equity risk premium. They provide a company with equity capital, and in exchange, the investors are entitled to a share of future earnings. Stocks are valued based on *Discounted Cash Flow* \- basically, stock prices are equal to future earnings, but discounted to ensure investors get a nice return. + +**Volatility Risk Premium** + +We can also get paid a Volatility Risk Premium. A lot of institutional investors buy S&P options to hedge. Even market makers want to be net long options because they can't afford to be taking losses during market crises; that's when spreads are widest and volume is highest - the most profitable times for a market maker. As a result, S&P options tend to be overpriced. A simple, systematic trade would be [selling OTM S&P500 put options](https://thehedgefundjournal.com/harvesting-the-s-p500-volatility-risk-premium/). Pretty boring, but so is manufacturing + selling computers or exercise bikes. + +Options on commodities, bonds, and the VIX also tend to be overpriced. + +Euan Sinclair's *Positional Options Trading* goes over the volatility risk premium. I highly recommend reading that book. + +**Basis Risk** + +Another risk we can be compensated for is basis risk. Most options traders don't trade vol; they're trying to hedge or make delta bets. As a result, the IV of options can get out of whack sometimes. We can sell options that are in high demand and buy options that are less sought after as a hedge. However, we carry *basis risk* because our hedges will not be perfect. + +For example: + +Say for some reason everyone wants to buy options on AAPL, pushing the IV of options up considerably. + +We know that MSFT is quite similar to AAPL, so we could sell overpriced AAPL options and buy MSFT options as a hedge. + +Other investors could probably buy MSFT options instead of the overpriced AAPL options, but they don't want that *basis risk:* they don't want to miss out on the few times AAPL moves and MSFT doesn't. + +These investors are our customers. + +This is the basic idea behind relative value trading. It gets really complicated, but those trades are where the alpha is, to be honest. And it feels amazing when you find a home-run trade to bet your entire account on. + +**Here are some examples of relative value trades:** + +\- [Selling overpriced ETF options, and hedging with the stocks' options](https://www.reddit.com/r/options/comments/rm9kgk/ultimate_guide_to_selling_options_profitably_part/); courtesy of [u/AlphaGiveth](https://www.reddit.com/u/AlphaGiveth/) + +\- [Selling overpriced OTM puts, and hedging with ATM options](https://www.reddit.com/r/options/comments/8f423y/walkthrough_of_a_tradestrategy_i_did_last_week/) + +# Find the Right Market + +Like businesses, there are many different markets in which you can operate. Most traders here probably trade US Equity options - the underlying assets are stocks we typically hear most about. + +The US markets are probably the most efficient in the world - this is because most traders play here. There is a lot of competition. Outside of the volatility risk premium, it's harder to find good trade opportunities in indices and large-cap stocks. Trying to find alpha trading the S&P 500 is like trying to win a math competition. In China. + +However, there are opportunities that are too small for the citadels of the world - some trades are too small to be worth their time. Smaller traders like us can play in lower volume, smaller stocks and ETFs that aren't being constantly monitored by hedge funds and prop shops. In fact, some of my best trades were in somewhat illiquid ETFs. + +Options are also available on commodities, currencies, and bonds. There are both ETF options and Futures options for those asset classes, although liquidity might not be as good for the ETFs. + +Diversification across asset classes is preferable because the Equity market acts as one big index during a downturn. Having many small trades in many different stocks doesn't really do much good in a market crash, since everything falls at once. + +# Conclusion + +The key takeaways of this post should be: + +\- Understand who your 'customers' are + +\- Understand why your trades should make money; why would your customers pay you? + +\- Trade stuff where there is less competition +As a culture, we are predisposed to telling the story of our success. This sub has a lot of amazing stories of people overcoming incredible challenges and achieving their financial and career goals and it is incredibly inspiring. However, I think we can often learn more from failure than we can about success. The problem is that a lot of people don't like to talk about failure, which is a shame because I think it is a deep well of knowledge and wisdom that could benefit others if it was shared. + +I have had my own share of failures. My business partner and I spent a year trying to launch a software product that never got off the ground because it was in an industry that was very complex with entrenched players. But that failure taught us to solve a problem that we understood and that led to the launch a SAAS company that went on to be very successful. Some years after that launch we spent a million dollars on a new product that never got traction and ultimately failed. That taught us a harsh lesson about product/market fit. + +These failures taught me that the path to fatFIRE requires taking risks, and that success requires persistence. + +So what about you? What are your failures, and what did you learn? How does it fit into your fatFIRE story? +I keep an eye on an equifax account mainly to see accounts in my name are correct and to try and prevent fraud. + +I know many on this forum, rightly, say to take the scores with a pinch of salt. Well here is an example of why. My mortgage was paid off last month and my credit score has gone down as a result 😂 i know having credit makes you a “better” customer but the scores are clearly a bit of a work of fiction. +I was wondering for some time how can I calculate my portfolio return and compare it to S&P 500. + +I knew that the deposits to my account made over time will alter my real return, so I started a research and I found my answers on a Motley Fool article. This may be the single most useful article I have ever read on their site: [https://www.fool.com/about/how-to-calculate-investment-returns/](https://www.fool.com/about/how-to-calculate-investment-returns/). + +Now I can say that I'm proud with my results, because I always felt that I'm lagging the S&P when in fact I was overperforming it by a mile. Not trying to brag about it, just a friendly reminder that hard work and constantly learning pays off. And boy I learned a lot in the last 16 months and read every investing book that I could put my hands on. Below my results since started investing, June 30th 2020 to October 31st 2021: + +&#x200B; + +|Returns|Portfolio|S&P| +|:-|:-|:-| +|Total|74.46%|48.28%| +|Annualized|51.96%|34.47%| + +Hope this post helps and I'm waiting for your returns! +I m just wondering about the circle of competence. There is a difference in what you think you know and what you really know. I m trying to work on mine and i m just wondering what everybodys cycle of competence is and how did you get it / work on it? +The above 3 (TGT, WMT, PG) have not been immune to the sell off lately. TGT especially saw a massive drop following earnings that related the effect of inflationary pressures and supply chain difficulties. + +All 3 seem like stable, if boring, stocks. They pay a decent dividend and seem like a hedge against inflation. I think once some of the COVID related supply chain issues cool and inflation follows, these stocks will rise once again. TGT and WMT have especially innovated within ecommerce and digital advertising. + +What are your thoughts on TGT, WMT and PG? +I have some kind of parasite to check how giant companies looked in their annual reports at the beginning. + +Retrospective of course, the potential of Netflix was insanely visible in their annual report, they had tens of thousands of movies available, subscriptions based payments, biggest DVD rental in US at the time and its revenues been doubling each year along with huge annual increase in their sub count. + +I know it is usually goes against the value investing “rules” such as minimum 10 years since IPO etc, but I also remember that charlie and buffett regret to this day how they missed the potential of giants such as google. They literally implied that they were kinda ignorant towards google and this probably one of their biggest mistakes. + +Automatically disregard companies because they aren’t minimum 10 years around seem kinda weird to me, I mean, value investing should be as viable in a 4 years post ipo company as much as 50 years company. +According to the CNBC. Surprised or about what you expected? Extrapolating out to the country it's about 8 million+ claims nationally. + +"California Gov. Gavin Newsom said Wednesday that the state has seen 1 million unemployment claims in less than two weeks as the coronavirus pandemic has led to businesses being shut down across the state.  + +'We just passed the 1 million mark, in terms of the number of claims, just since March 13,' Newsom said.  + +Newsom's announcement comes one day before a key national data release on new jobless claims for the United States, which some have projected to be in the multimillions. The initial claims data has never before surpassed 1 million, and it was 285,000 last week." + + https://www.google.com/amp/s/www.cnbc.com/amp/2020/03/25/california-sees-one-million- +FUD will continue to get worse and worse as time progresses. The shills are evolving and getting better at creating FUD that looks like a legit post. This is absolutely nothing compared to what DFV has dealt with because we now have support. He didn't have support for a very long time. + +Seriously this guy is amazing. His determination and willpower is absolutely inspiring. He did his own research and stuck with the DD instead of letting his emotions get to him. No doubt he had some sleepless nights debating in his own mind wether or not he made the right move but in the end he stuck with his own research and the deep value he saw in the stock. + +He delt with more FUD than any of us ever have or ever will in the future. I completely believe shills were targeting him even back when he first started talking about GME. But what he really had going against him was that just a small group of people saw what he saw and he had little support. Most people ripped into this guy for making what they thought was a stupid bet. He continued to post updates win or lose... + +He still stuck with it and now look. He's a multi millionaire and probably gonna be one of the wealthiest people on the planet from this. This man held for so long and didn't sell a single share. He only sold half his ITM calls and most of that profit went to quadrupling his position in the common stock. + +TRUST THE DD! DO YOUR OWN RESEARCH!! THE NUMBERS DON'T LIE!!! EVERYTHING ELSE IS JUST SPECULATION OR FUD!! +That’s it. Really it has me excited. $80 drop within 2 weeks? Yeah right man this is the dip be for the RIP! + + + + +No room for disappointment either since it’s the last month of Q4! + +Godspeed and let’s make a change! + + + + + +Character Limit: DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS. +I wanted to see how that 90% of retail traders fail saying holds up so im wondering how many here actually began as a total noob in the world of stocks to someone being consistently profitable and know why they are consistently profitable. Who has started from the bottom and are working their way to the top, making it their real career. I figured this was a good question to ask since it's important to reflect on why we failed or succeeded since we can learn from mistakes or accomplishments and grow as traders. + +If you didn't make it - Why? + +If you did succeed - Why? What got you there and what can you tell people who aspire to make this a career focus on? +> “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. +Not sure what I think about the topic. Of course I want to FIRE as soon as possible, but retiring during my prime earning years forfeits the opportunity to really set my kids up for life. How do you guys feel about that trade off? +The bottom on ETH is in, in my humble opinion. You take it or leave it. + +Therefore, I just bought 3 more ETH for $3,500 in long-term cash (unlevered). + +As you all should know, not long ago (actually this April), ETH was at about $3500 each!!! + +Now I can get 3 ETH for the price of about 1 ETH ;-)) What a deal if you ask me!!! + +I'll continue to stack (BTFD), stake and HODL ETH to the richest!!! GLTA!!! + +https://preview.redd.it/qkn2if86ur691.jpg?width=947&format=pjpg&auto=webp&s=86f7cdf3bd3a188a5c1e7d3c223e8e409148aa41 + +https://preview.redd.it/qla1xf86ur691.jpg?width=947&format=pjpg&auto=webp&s=7bc549f0a769c551523b5561bc6a3af1f4265e1c + +https://preview.redd.it/gsvprh86ur691.jpg?width=947&format=pjpg&auto=webp&s=fb6b38c4432c45d2281e5bf8be7daf12693dda21 + +https://preview.redd.it/1a5p8i86ur691.jpg?width=947&format=pjpg&auto=webp&s=a20a5a0f50fbd6ec48253c4a70b2d4509170bf5f +I'm not Nostradamus but I've gone trough similar shit in the past, whenever we see coins going down -20% in just a day, bullish news appear magically and market just skyrockets next days...Tomorrow all posts will be about guys complaining selling low and others who didn't buy the dip... + +Same story repeats again and again and again.... + +edit: Thank you all for giving away your points of view, didn't expect this kind of participation. That's why I love Ethtrader and no other toxics subs! In my own opinion I'm expecting this market to recover in the next days, to be more precise I highly expect the market to recover by sunday night (writing this friday afternoon)... +*[initially written for bitcoin audience]* + +People are so focused on the term "Bitcoin" and are making one fundamental mistake. + +Bitcoin is **not** /r/btc + +Bitcoin is **not** /r/bitcoin + +Heck, Bitcoin is not even https://github.com/bitcoin/bitcoin + + +**What is Bitcoin?** + +Bitcoin is an idea. And the first source code embedding this idea that was uploaded to the interwebs, was indeed on https://github.com/bitcoin/bitcoin + +It's this particular project that got hijacked, stolen by rogue individuals. Best known under the umbrella name "Blockstream". + +But Bitcoin doesn't allows itself to get taken over so easily. + + +Blockstream didn't hijack the Bitcoin idea. They only hijacked the github and community channels. But that didn't stop Bitcoin from thriving. + +**The Bitcoin idea thrives here:** + +https://coinmarketcap.com/currencies/views/all/ + +Every coin you see on that page is a descendant of the Bitcoin idea. + +Some coins are arguably resembling the Bitcoin idea more closely than the other, + +But the one coin on that page that is **most closely** resembling the original Bitcoin idea as described by Satoshi Nakamoto is **not** the coin that carries the name "Bitcoin". + +Once you realize that, once you understand and grasp this reality, you see how strong the Bitcoin idea is. How resilient the Bitcoin idea is against hijacks like the one Blockstream did. + +Bitcoin is thriving, adapting, growing. Growing at an astonishing pace. But it got many of you deceived. It's only a matter of time until the one true Bitcoin takes over the #1 spot on the market cap chart. + +People will call that day "the day that Bitcoin got beaten". But I will call that day the day the true Bitcoin won through reincarnation, taking over the #1 spot on the market cap from its old corrupted self. + +**That** is Bitcoin +Today I was picking up a friend at my former MegaCorp for lunch (retired 2 yrs ago) and pulled up in front of the building in my sports car with the top down. + +I must have looked pretty relaxed sitting in my convertible when a woman who looked like she worked there walked over and joked, "Just curious - could I have your job description? Because I want that job!!” + +I simply said I used to work at MegaCorp but now I'm a goof-off. :-) + +It was probably the funniest reaction I've ever had to my early retirement! What is the funniest thing someone has said in reaction to your FIRE? +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! + +Okay, I had another post just a little bit ago and it got automodded. It ended up being a great thing because I did more digging and this time I for sure will be hitting the 2000 word count, I'll be jacking your tits for you. + +# Lego is a Top Brand - Partnership confirmed + +*But digi, how do you know?* Just go check out the website on archive-dot-org. Notice there is now a Top Brands section on the website!!! + +[🍆💦 - seriously, omg](https://preview.redd.it/kdj6g7vyuyk71.png?width=2498&format=png&auto=webp&s=10db8b325fb8d1a2e1aa2866af46a1a2b7a1e28f) + +The sources below will show you before when there was no Top Brands and after where it is showing up: + +* 8/29: [https://web.archive.org/web/20210828023001/http://www.gamestop.com/](https://web.archive.org/web/20210828023001/http://www.gamestop.com/) +* 8/28: [https://web.archive.org/web/20210828023001/http://www.gamestop.com/](https://web.archive.org/web/20210828023001/http://www.gamestop.com/) + +Mobile view includes this new Top Brands also: [https://imgur.com/a/ZdhZjcU](https://imgur.com/a/ZdhZjcU) + +GameStop has had a "Shop by Brand" section in their menu but that is not the same. So don't let someone tell you that this was always there because that's not the same: + +[\\"Shop by Brand\\" in the menu is by console brand](https://preview.redd.it/7xxof29mwyk71.png?width=1478&format=png&auto=webp&s=e3bb7e46f2a3b0ab5d5476fd47422dcc12a39b79) + +Don't let this slip through the cracks! It's super huge confirmation that we all should be shouting from the rooftops. This change happened sometime between 8/28 and 8/29, so this is very recent. I r[ecently did a DD](https://www.reddit.com/r/Superstonk/comments/peb89d/gamestop_conference_vendorpartnership_analysis/) that talked about the partnerships coming and it seems that I was on-point with a bunch of them. I released that DD right before this change happened apparently, in my opinion, this is the best on dates I've seen! No Dates! + +**Partnerships that were confirmed:** + +* Microsoft XBOX +* Nintendo +* Sony Playstation +* Oculus +* Hasbro +* Razer +* Logitech + +**New Partnerships listed:** + +* Funko +* LEGO +* GoPro + +This now expands on my partnership DD from 18 partners to 21 partners in total. I'm letting this DD jack my tits and I think you should also. GameStop has essentially released a list of their top brands and no one really noticed. + +# tldr, LEGO confirmed as a Partner and now there is a list of Top Brands directly from GameStop + +Stay tuned for more GameStop DD from me, I'm still searching for more partnerships but this is has got me on Cloud9. Can't wait to read more about it in the financial reports coming up. + +**Word Count Rant:** I really want to make sure the word count is hit in this DD because it's such an important piece. I've seen our subs slide where DD is no longer reproducible or even really about GameStop. I want DD that I can share with people and it makes them rethink what GameStop is. I'm finding these types of data points are regularly happening but we're not always finding them because there is a flood of so much else. I'm not trying to criticize anyone's DD, I just want reproducible DD with links that give me the ability to see for myself; it's hard to just take an image and say *that works for me.* Thank you for listening to my word count rant. + +**A Crazy Idea for the Mods:** What about creating a DD template for the sub that all DD has to start from? That way we could have some standard sections like "Sources" in a known area. Maybe that also includes a "Conclusion" (tldr but more formal)? Just a thought for words. +Inspired by this tweet by Jason Crawford: [https://twitter.com/jasoncrawford/status/1425533463294353423](https://twitter.com/jasoncrawford/status/1425533463294353423) + +The full quote: + +>In the pre-1920's era, there was no concept of "retirement." Workers "worked until they dropped - that is, they kept working until they were physically unable to do their jobs, after which they became dependent on their children, or on church charity and other kinds of private welfare programs. The first step in the old-age revolution was the passage of the Social Security legislation of 1935 that provided for a nationwide old-age pension system. + +The Rise and Fall of American Growth by Robert J. Gordon + +I am posting this because I sometimes feel like people don't appreciate just how amazing it is that it is even possible for some people to retire at a relatively young age. This entire community is a monument to just how wealthy we as a society have become. Go back only 100 years and most people didn't have an option to retire \*at all\* let alone at 40. It is an incredible achievement in my opinion. +I (35M) in the oil field , got about 200k to throw at some stuff . Thinking IEP , JEPI , MO and some at SCHD . But I don’t want to do it soon. Waiting til the market trades sideways for a couple weeks . So 3-6 months . Any other suggestions ? What’s a safe bet in a recession ? I’m also maxing out my 401k and Roth with my company , and my wife is maxing out a SEP ira . Just wanting to maximize a dividend return . What’s everyone’s timeline on bottom ? +Do you think culture plays a big influence in financial success? + +I recently made a thread about my friend, who is in his 30s, lives at home with his parents rent-free while working full-time, and invests in property and to secure his financial freedom. Apparently, this trend is quite common among Eastern cultures, where people are a lot more reluctant to move out from home and parents are more willing to help their children. + +So I was wondering, do you think Eastern and Western cultures produce different financial outcomes? + +A lot of my Western friends move out when they are 18, party and drink hard and "live life" a lot more freely. There is an attitude of "you only live once so make it count". + +Whereas the vast majority of my Asian friends are book worms and are a lot more focused on study, work, saving and investing. These people are often quite serious about finance and extremely frugal. + +I am not one to say which approach is better, but in my circle of friends it is clear that one group is always the first to complain about housing affordability and cost of living, whilst the other group seems to be happier in the long-term (at the expense of short-term happiness). + +Thoughts? +I thought a more detailed breakdown than the "What's your annual spending?" thread provided would be nice for the community so I cleaned mine up for you. + +I'm married with kids, living in an HCOL area. I had no income in 2021, and my wife is working a 2/3 schedule in healthcare which provides us with a healthcare coverage option for which we pay roughly 50% of a comparable ACA plan (not represented in spend). My eldest started Kindergarten this year. + +In terms of net worth, we have \~500k in our 2200sf, 1mm home, and 6.5mm diversified at 70/30. It depends on the week, but looking back over the past few months, we have another 15-25mm (post-tax) sitting in a concentrated position. + +A few notes on spending: + + * Taxes do not include the final '21 estimated payments, but do include '20 underpayment related to stock sales. + * Under shopping, "Other" includes Amazon purchases, many of which are Home Supplies. Those fancy sheets add up. + * IVF was covered roughly 60% by health insurance this year. + * For January - March, I summarized all of our spending at a higher level in Mint, which didn't look back far enough when I started using it in July. Therefore, sometimes a Breakdown is a bit generic looking (ex: Bills & Utilities under Bills & Utilities). Sorry about that! + * Numbers are rounded to the nearest 100 or 1000 (</> 10000). + +In 2022, I'm hopeful we will increase our Travel and Dining spend, and decrease our Home Improvement spend. Our daycare spend will be lower. Our tax bill next year will be outrageous as we continue to diversify. + +| Category | Breakdown | | | +|---|---|--:|--:| +| Gifts & Donations | | | 179,000 | +| Home | | | 108,000 | +| | Home Improvement | 44,000 | | +| | Mortgage (P&I) | 34,000 | | +| | Furnishings | 12,000 | | +| | Lawn & Garden | 6,200 | | +| | Home Supplies | 4,900 | | +| | Home Services | 4,900 | | +| | Home Insurance | 1,800 | | +| | HOA | 100 | | +| Taxes | | | 89,000 | +| | Federal Estimated '21 | 37,000 | | +| | State Estimated '21 | 18,000 | | +| | Federal Tax Under-withholding | 17,000 | | +| | State Tax Under-withholding | 9,800 | | +| | Property Tax | 8,100 | | +| Kids | | | 46,000 | +| | Babysitter & Daycare | 39,000 | | +| | Other | 5,500 | | +| | Kids Doctor | 1,000 | | +| Financial | | | 39,000 | +| | Wealth Management | 35,000 | | +| | Other (CPA, Advice) | 4,100 | | +| Health & Fitness | | | 31,000 | +| | IVF | 22,000 | | +| | Therapy | 6,200 | | +| | Sports | 1,200 | | +| | Doctor | 1,000 | | +| | Pharmacy | 400 | | +| | Other | 300 | | +| Food & Dining | | | 26,000 | +| | Groceries | 9,500 | | +| | Restaurants | 8,100 | | +| | Food & Dining | 5,100 | | +| | Alcohol & Bars | 1,700 | | +| | Fast Food | 900 | | +| | Cheese | 200 | | +| | Coffee Shops | 100 | | +| Shopping | | | 23,000 | +| | Other | 7,400 | | +| | Sporting Goods | 7,300 | | +| | Electronics & Software | 4,600 | | +| | Clothing | 3,800 | | +| | Books | 100 | | +| Travel | | | 14,000 | +| | Hotel | 7,300 | | +| | Air Travel | 2,600 | | +| | Vacation | 2,500 | | +| | Travel | 1,500 | | +| | Rental Car & Taxi | | | +| Auto & Transport | | | 14,000 | +| | Auto Payment | 6,300 | | +| | Auto & Transport | 3,700 | | +| | Auto Insurance | 2,000 | | +| | Gas & Fuel | 1,000 | | +| | Service & Parts | 800 | | +| | Parking | 200 | | +| Bills & Utilities | | | 7,000 | +| | Bills & Utilities | 3,000 | | +| | Utilities | 2,400 | | +| | Internet | 700 | | +| | Television | 600 | | +| | Mobile Phone | 300 | | +| Pets | | | 3,300 | +| Uncategorized | | | 1,700 | +| Entertainment | | | 1,200 | +| Business Services | | | 900 | +| Education | | | 500 | +| Personal Care | | | 400 | +| Fees & Charges | | | 300 | +| Misc Expenses | | | 9,500 | +| | | | | +| Total | | | 594,000 | +| Total - Gifts | | | 415,000 | +Does anyone else in their personal lives struggle to find anyone who doesn’t obsess over materialistic things? A lot of people on this subreddit seem pretty frugal and smart with money, but outside of this, into everyday life, I can’t think of a single person in my personal life who doesn’t brag at every opportunity about their new car (financed of course), or the fact that they’re trading in their 12 month old phone for a newer one. + +I think people are perfectly entitled to spend their money how they want to, and I don’t want to sound like a prick and imply I’m by any means better than them for not following these same trends, but I’m genuinely mocked by these people for having a 5 year old phone and a 9 year old car. It just gets a bit exhausting trying to justify my lifestyle to people and feeling like a complete outcast all of the time. I went out to eat with some friends a few days ago and the conversation seemed to be a 3 hour pissing contest, trying to one-up one another with the shit that they’re buying. + +I get that we all spend money differently and we should spend it on the things we enjoy, but why should it be said in a way as if to put other people down who don’t follow that same lifestyle? + +I’m 23 and I feel like a complete alien sometimes. +(I've already posted this on r/Amazonprime but I need advice from as many places I can get) + +TLDR: Amazon didn't deliver £378 worth of items, and they refuse to give me a refund, insisting that I need a PDF report from the police, which the police don't give out. Now they are refusing to give me a refund and refusing my dispute with my credit card company. + + +I ordered a new phone and Fitbit off Amazon early December, both items were supposed to arrive in a box along with other items I ordered. When the delivery arrived, everything else in the order EXCEPT the phone and the Fitbit (valuing £378 in total) never arrived, however a pair of clippers that we DIDN'T ORDER was in the box. This was Dec 1st. + +I contacted Amazon about it, one associate told me "the two items will be in a separate shipment and should arrive by 3rd Dec". I replied that this was strange as on the Amazon app, it said that the phone and Fitbit was "delivered Dec 1st", along with the other items in a single parcel. The associate told me that this may be a scanning/logistics error and she reassured me the two items will arrive by 3rd Dec, and if anything goes wrong, Amazon would surely help me get a refund. + +3rd Dec rolls by, and nothing arrives, so I speak to Amazon again. +This time, the associate tells me that everything should have arrived by 1st Dec, and it was clearly indicated on the tracker that the Fitbit and phone had arrived. I told them this wasn't the case and regurgitated what I said to Amazon initially, and they said "no worries we'll help you refund it", and I thought "great, that was easy". + +I was so so wrong. + +Next, I get emails saying that I have to submit a police report and provide a reference number and a PDF of the police report. Even though I thought it was absolutely ridiculous, I submitted a police report, and got a reference number. + +The police e-mailed back to me, saying that they have filed it and they email ended with this: +YOUR REPORT HAS BEEN CRIMED AND FILED AT SOURCE, AND WE WILL TAKE NO FURTHER ACTION UNLESS ANY ADDITIONAL ENQUIRIES OR SIGNIFICANT EVENT OCCURS. + + +I screenshot this email, along with the crime number and sent this to Amazon, however they insisted I needed to submit a PDF report from the police, not a screenshot, and they wouldn't accept this. I phoned Amazon countless times and they kept saying "we can't reach the police as their wait times are long so you have to send us a police report". + +I then had to talk to the police to get a PDF report, to which they said I just needed to fill out some forms and send it back to them, which I did. + +In the meantime, I contacted my credit card provider to dispute the £378 charge and to issue me a refund for the two items, providing screenshots of when I spoke to Amazon customer service. The credit card company refunded me, and I heard nothing from the police, or Amazon for around a week or two. I had also emailed jeff@amazon, who replied to me saying that because I had already disputed this with my credit card company, they've already refunded me and Amazon can't do anything about it. Given all this, I assumed that the case was closed. + +I was wrong yet again. + +Today I received a letter from my credit card company saying they're charging me £378 again because Amazon had provided evidence that they had delivered me the two items - screenshots of the parcel tracker. I phoned my credit card company about it and they said "we can't do anything about it, you have to talk to Amazon yourself because they provided evidence that the goods had been delivered." They said if I tried to dispute the charge again nothing would happen as Amazon has already provided evidence. + +I was now frustrated that the police hadn't gotten back to me about the PDF report - it had been around 2 weeks now, so I contacted them again. I was fed some more BS - they said that they don't normally issue PDF reports, and that I would have to pay if I wanted a PDF report - they never mentioned this during our initial chat! They said that Amazon would have to email the police requesting for a PDF, and that she'd put a note on the case but it would take over a week to hear anything back, if at all, as they don't normally issue PDFs. + +I phoned Amazon again to inform them that they need to contact the police themselves, and this particular associate said "no worries, we'll refund you the full £378". I was perplexed and asked them "so you don't need a police report?", and the guy said "no, we'll get your refund processed right away". A confirmation email saying that they've requested a refund of £378 to me was sent to my Inbox. I was like, "great, I can live my life in peace". + +I was wrong yet again!!! + +I get another email a few hours later saying that Amazon will refund me £32 - wtf??? +I live chatted with Amazon, and the guy said "this is probably an error, so just ignore it, you will receive a full refund of £378". I said "no I won't ignore it, I need you to send me a confirmation email". He said he would when the chat ends, so I waited, nothing happened. + +I called Amazon once again, and this associate had no idea wtf what was going on. He said "you need to provide a police report", to which I said "your colleague told me today that I don't need to, and I have confirmation that Amazon would refund me a full £378." He said "sorry that must have been a mistake" ??? He said that he will need to contact the police for a PDF report and that I will need to call back within an hour. + +This has just been a big massive back-and-forth between me, the police, and Amazon. + +I'm honestly at loss right now and I have no idea what to do despite trying absolutely everything. The Amazon customer service associates have each told me different things and I've tried everything to get my money back. I don't know what to do and I am really worried that I will end up having to pay £378 for items that didn't arrive. +Please could someone help/give advice? + + +UPDATE: I called Amazon and they said they have (finally) validated my +police report, and they said already refunded me £378 on the day i requested the charge back from AMEX (this is true). I said this still doesn’t explain why AMEX has send me a letter today saying that I will have the £378 credit re-applied on my next billing statement. She said that I shouldn’t have to pay the £378 if AMEX does charge me, and that Amazon will help me get my money back if they do (that’s what they said last time…). Apparently the £32 was a goodwill gesture lol. I will come back with any updates if AMEX ends up billing me. But thank you for everyone’s help so far, let’s hope I don’t get billed next month! +The term "DRIP" gets used all the time synonymously with what is truly meant as simply "Dividend Reinvesting". If you didn't know that those two things are different, feel free to continue reading. + +Look, none of this matters at all, but I figured some folks may be interested to know what they are saying. + +DRIP, most commonly means "Dividend Reinvestment Plan" which is done directly through a company, not clicking a button on your brokerage. These are not as common nowadays with low to no cost trade fees. Back in the day, it used to cost a lot of money in commission fees to buy shares, so companies would provide incentives to people to buy directly through them such as discounted share prices, lower commission fees, and ability to buy fractional shares with the dividends. + +There are still companies that offer this stuff, but now we can just choose the option in our brokerage to "Reinvest Dividends" and it happens automatically and you don't have to buy directly through the company to do it. + +Just throwing that out there for anyone interested because.....now you know, and knowing is half the battle....GEEEE EYEEE JOEEEEEEE! +https://www.cnbc.com/2019/08/28/tesla-starts-selling-its-own-car-insurance-in-california.html + +Tesla launched Tesla Insurance in California on Wednesday. + +Musk told shareholders in an earnings call in April that Tesla would be launching its own auto insurance product in May. + +Warren Buffett has criticized this move, and predicted that Tesla will struggle as it ventures into auto insurance, a field in which Berkshire Hathaway thrives. +When you start a new job, especially your first job, spend some time studying your paycheck. They can look complicated because they are full of abbreviations, but it's worth your time to make sure everything is correct and you understand exactly how your money is being divvied up. + +You will see tax deductions, as well as possibly other deductions before and after tax. If you have signed up for some automatic deductions (such as money for your flexible spending account (FSA), personal contributions to your retirement account, or voluntary buy-up plans for your health insurance) make sure the amount withdrawn is what you expected. + +If you get a raise, check and make sure that the correct amount is written on your next paycheck. (I speak from experience, as someone who spotted an error that would have cost me $600 per year if I hadn't checked.) + +If something isn't adding up, ask your employer. People make mistakes, and they will correct it for you. +Two-thirds of Americans who have at least $3 million in investable assets have not talked to their children about their wealth or never will, according to a Merrill Private Wealth Management [study of 650 families](https://www.pbig.ml.com/articles/how-do-families-make-effective-wealth-decisions.html). Also [discussed here](https://www.nytimes.com/2019/08/02/your-money/parenting-wealth-discussions.html). + +Top reasons for not discussing money with children: + +1. Parents do not want inheritance to rob children of motivation. +2. Talking about wealth often increases a parent’s anxiety. +3. Sometimes, parents avoid the discussion because they do not know the answers or even how much money they have. +4. They don’t come from generational wealth, so they didn’t have these conversations themselves growing up. + +But despite these reasons they say it’s important to have discussions about wealth: + +> Families that inherit wealth often continue to be wealthy because of the conversations they have... +> +> These families, he said, follow a three-step process: Educate their children about finances and wealth, communicate the family’s values, and hire good advisers. +> +> Those who do not succeed in passing money along successfully often have silence to blame. +> +> “The generation that receives the money has no education and no skills and wakes up like a lottery winner,” Mr. LaFond said. “You don’t want your kids to be lottery winners.” +>**Huge warning sign for Australian economy** +> +>**It might sound like a good thing, but this plunging number means something has gone horribly wrong with Australia’s economy.** +> +>Australian inflation is at zero, in a huge sign something has gone horribly wrong in the economy. +> +>The Australian Bureau of Statistics reported that the change in consumer prices between the start of January and the end of March was 0.0 per cent. The failure to record any inflation is a sign of an economy operating well below its potential. +> +>The result of zero is not only shocking on its own — it exacerbates weak inflation outcomes reported over the last few years. +> +>The Australian dollar plunged after the news and pressure is mounting on the Reserve Bank of Australia to act. +> +>**BUT WHY WOULD WE WANT INFLATION?** +> +>Too much inflation is bad. If prices rise too fast, our money is worth less and less. But deflation is even worse. +> +>When prices are falling, it makes sense to stop spending now and wait for prices to fall. In this way deflation strangles the consumer economy and can cause recessions that put many people out of work. +> +>To try to avoid deflation, the Reserve Bank of Australia does “inflation targeting”. It aims to keep inflation at a low, predictable level of between 2 and 3 per cent a year, on average. Inflation targeting is popular around the world as the best way to promote steady economic growth and prevent mega-inflation, like in the 1970s. +> +>But for now, the RBA’s inflation targeting is not working, as the next chart shows. You’d want average results of 0.6 and 0.7 per cent per quarter to get in the middle of the 2-3 per cent annual inflation range. Inflation has mostly been falling short, and then it hit zero. + +https://i.redd.it/ellhcn5rxiu21.jpg + +>**WEAKNESS, EVERYWHERE** +> +>The Australian economy is showing plenty of signs of weakness other than very low inflation. House prices are falling, wages growth is pitiful, and the underemployment rate is about 8 per cent — much too high. +> +>Unemployment is 5 per cent, which was an impressively low number a decade ago. But these days people can get a few hours employment a week driving an Uber and be counted as employed. +> +>A 5 per cent unemployment rate is not full employment anymore. It is probably equivalent to the old 6 or 7 per cent unemployment, which is to say, it represents a slack labour market where wages growth is not happening. +> +>In the US and UK, unemployment is at or below 4 per cent and with inflation so low, Australia has no reason not to aim for something similar. Our unemployment rate could probably fall to three-point-something without risking high inflation. +> +>Putting all those extra people into jobs would be terrific for them, great for our economy, good for tax revenue, good for company profits, and would help avoid deflation. It’s a shame nobody is talking about it. +> +>**HOW DO WE FIX THIS?** +> +>There’s two main roads out of our low inflation quagmire. The one everyone expects us to take is cutting official interest rates. It is the RBA after all who are supposed to control inflation. +> +>If they cut interest rates that should inspire companies and consumers to save less, borrow more, and spend more. It should in theory give the economy an immediate boost. But what if it doesn’t do much for the real economy and just props up the housing market? +> +>That’s one major reason the RBA hasn’t already cut interest rates despite low inflation. Rates are already at a record low level of just 1.5 per cent. They worry further cuts will not do much to boost consumer spending, while just making housing investment more attractive. +> +>A second major option for boosting inflation, growth and employment is for the government to stimulate the economy with a bit of spending. They call this fiscal policy. It can boost the economy in three ways: +> +>• Higher spending on things like infrastructure and health; +> +>• more cash transfers – like higher pensions, higher welfare payments, or checks in the mail as Kevin Rudd did; or +> +>• deliver tax cuts. +> +>The government has not done much stimulatory fiscal policy, partly because with the unemployment rate at 5 per cent they didn’t perceive a need to. But also because Australian governments are obsessed by getting to surplus. A surplus is not particularly important for the economy – but the rhetoric of debt and deficit disaster has locked both sides of politics into pretending the budget balance is vital. +> +>Now, there is some debate over whether fiscal policy can really stimulate an economy. Some people say that if the government spends more businesses and individuals spend less. But in my view that’s unlikely, and running a balanced budget while the economy is stumbling is evidence of poor priorities. +> +>The best fix for Australia is probably a mix of interest rate cuts and government spending stimulus. If we boost the economy we should be able to get wages growth going again, get more people into jobs, and get inflation back up into the target range of 2 per cent to 3 per cent. + +&#x200B; + +Link : [https://www.news.com.au/finance/economy/australian-economy/huge-warning-sign-for-australian-economy/news-story/5652a90757b67a9611073937e1b6381e](https://www.news.com.au/finance/economy/australian-economy/huge-warning-sign-for-australian-economy/news-story/5652a90757b67a9611073937e1b6381e) + +&#x200B; + +Edit : Author - [https://twitter.com/jasemurphy](https://twitter.com/jasemurphy) + +[https://thomasthethinkengine.com/](https://thomasthethinkengine.com/) + +(Credit where credit is due!) +3 minutes before premarket open all major indices in Europe just took a massive dump as much as 7-8% did a margin call in Europe take place? + +Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill +Happy Thanksgiving Weekend All! + +&#x200B; + +H&R REIT has proven its resilience through the pandemic, and has undoubtedly come out a stronger REIT. H&R has been working hard on realizing unitholder value, through strategic asset sales, debt reduction, and soon, the long awaited spin off. Below are some updates from the summer. + +&#x200B; + +**Jackson Park:** + +&#x200B; + +Jackson Park in long island is a 50% owned joint venture. It is considered a core asset for H&R's residential Lantower division. This rental complex had a tough time through COVID, as it was filled with mostly foreign renters going to school who went home. This complex went from about 60% occupancy in September 2020, all the way back to 99% leased today. 456 units were leased in June 2021 alone. Due to the significant lease up, I do anticipate negative FFO from Jackson Park in Q3 from the lease up, but will significantly increase in Q4. + +&#x200B; + +**River Landing Miami:** + +&#x200B; + +A new development has quickly been leased up, beyond expectations. This brand new development is now over 78% occupied, and the residential units are 88% leased. As of today, I anticipate the residential complex is nearly fully leased. Rental lease rates have been consistently raised as expectations are exceeding and will continue rising when renewals come up. + +&#x200B; + +**The Bow & Bell Office Sales:** + +&#x200B; + +Jackson Park and River Landing have been excellent news, and are expected to replace almost all FFO from the sale of The Bow and Bell Office Complex. The sale of the Bell Office complex and the Bow was completed at 1.5B. The sale has greatly reduced H&R's single tenant risk profile, removed significant Calgary office exposure, significantly reduced debt, and realized gains in property value. This will be a drag on FFO growth, but the increase of FFO from Jackson Park and River landing is expected to replace all lost FFO, resulting in a neutral FFO change. Realizing value from H&Rs asset sales will create a special distribution this year, as mentioned by management and discussed further below. + +&#x200B; + +Additionally, H&R negotiated the no risk option, to repurchase The Bow in 2038, at a price of 735M, which is 60% of the total deal price. If the price of The Bow increases, or inflation continues to rise, or a combination of these, H&R may be able to obtain a property at a great bargain. This is how management continues to think long term, and drives value for investors. The sale of The Bow had gains of $274M. The sale of Bell realized a loss of $60, for total gains of $206M. + +&#x200B; + +Additionally, H&R negotiated to keep management of the properties, which will produce nearly 20M in management income annually until the leases expires. + +&#x200B; + +Calgary Office is now only 3% of H&R's exposure. + +&#x200B; + +**Other Asset Sales:** + +H&R has announced that many joint ventures are up for sale. Jackson park is not one of them, but we could see some JV sales announced soon. They did sell their 50% JV of 9 Cold Storage properties, a 37,000 SQ Foot Property in Kitchener, and likely other properties we do not know about. All of these sales are realizing gains, and as such, will contribute to the special distribution in 2021. JV sales of Hercules Phase 1, Hercules in California, Esterra Park in Seattle, are all expected to close this year. As these close, the 2021 special distribution will only get larger. + +&#x200B; + +**Industrial Sale SPECULATION:** + +&#x200B; + +As the distribution of assets are evenly distributed with Office, Retail and Residential(25% to 35% per division), but Industrial is only 8% of assets, and 71 of 80 industrial properties are a JV with PSP Investments and Crestpoint, I anticipate this division will be sold to PSP and/or Crestpoint. It would not make sense to spin off these assets considering they are mostly a JV. This portfolio has a IFRS value of about 1.1B with a 5.7% CAP rate. The cap rate on this portfolio is likely 3.5% to 4%. This would realize yet another material gain, and additional funds for the special distribution. Possibly a coincidence, but PSP Investments just raised 1.2B in Senior Notes, valued at 1.2B, for acquisitions: + +[https://www.swfinstitute.org/news/88456/psp-investments-raised-1-25-billion-in-senior-notes-due-2024](https://www.swfinstitute.org/news/88456/psp-investments-raised-1-25-billion-in-senior-notes-due-2024) + +As HR has been selling properties not part of this JV, leaving basically only PSP/Crestpoint JV properties in industrial, it's likely the industrial segment will be sold as described. Again, all speculation, but it would make sense. It's also possible this could be why the spin off news has been delayed. Complete this industrial sale now, announce along with spin off of the other 3 segments all at the same time. Spin offs of all 3 segments completed in Q2 or Q1 (Can vote on in Q4) and industrial sale completed in Q4 or Q1(They will need to review tax implications) Sometimes you got to think, "What would I do if I was them". Highest bidder would make sense. The highest bidder would likely be the person who owns the other 49%. + + +I should reiterate, this is speculation. Its very possible the industrial division could run on its own. Its a reasonably large industrial REIT by assets value, and has potential for continued growth through its development of its industrial lands. I would not be disappointed if this was spun off into the 4th REIT. + +&#x200B; + +&#x200B; + +**Further Recovery:** + +&#x200B; + +Q3 will be a big return to normal for H&R's retail portfolio. As malls were closed in Ontario in Q1/Q2 due to COVID, but reopened in Q3, H&R has seen a significant increase in sales. For example, Place du Royaume and Chicoutimi reported sales that were 112% of June 2019 amounts. If you have been to a mall this summer after restrictions were lifted, you likely have seen this surge in demand. Even with the Ontario mall closure, H&R's retail division increased almost 40% year over year in Q2 as bad debt declined. Office, excluding HESS Lease as noted below, increased 2.2%. Residential excluding Jackson Park increased 5.7%. + +&#x200B; + +**Hess Lease:** + +Hess Tower in Houston was a drag on H&R's AFFO and FFO. This was because this single tenanted tower was renewed for 10 years, and was given a 7 month free rent period, which ended June 30th. Q3 will see a big uptick in FFO from this free period ending. This lease accounts for about 11-12%(my best estimate) of H&R's Office portfolio income. + +&#x200B; + +**Debt Profile:** + +&#x200B; + +The sale of the Box and Bell Campus materially reduced H&R's office holdings as a percentage of total holdings, and more importantly, reduced debt to assets. H&R's debt ratio is now around 43%. The best part is, FFO will be unchanged, due to the success of Jackson Park and River Landing. H&R's credit risk has been materially reduced, and sets up H&R for their anticipated spin off. + +&#x200B; + +Retail = 35% + +Office = 32% + +Residential = 25% + +Industrial = 8% + +&#x200B; + +&#x200B; + +**Special Distribution in 2021 Coming!** + +&#x200B; + +H&R has announced its asset sales has realized too much income, which will exceed its REIT minimum requirement payout, and will be required to pay to unitholders a special distribution before year end. The amount was not disclosed. I expect H&R will pay out as little as possible, to keep debt as low as possible for their spin offs. It's very difficult for anyone to know exactly how much this special distribution will be, and if I put a number out, it would be a complete guess, so I won't. + +&#x200B; + +**Spin Offs:** + +&#x200B; + +H&R previously stated they would announce their spin off this summer. However, summer has come and gone. I would expect H&R to announce this spin off during Q3. For many unit holders, this has been disappointing. However, the goal here is to create long term unitholder value, not a short term spike in unit price. Making sure this material change in H&R is done correctly, takes time. Multiple asset sales have occurred, and more will be announced. This could cause the delays we are seeing. Example, if they spin off Industrial, but are selling assets today, the industrial spin off would be delayed. Some other speculative reasons for the delay could be, entire division sale instead of a spin off (Example, they sell their Industrial Portfolio instead of spinning it off), privatization discussion, etc. H&R is not dragging this on without good cause. Unit holders will be happy when they are successful in this material organizational change. + +&#x200B; + +**My Spin Off Guess is:** + +&#x200B; + +Spin off Residential, Office, and Retail. They would each self manage. + +Industrial is sold. + +Further to support my theory, property management was negotiated with the sale of the office properties, but not with the industrial sales. + +This would create 3 solid REITs, with strong fundamentals and a great development pipeline. Most importantly, a very low debt ratio and great yields. HR can build multi-use properties with Residential, Office, and Retail, similar to Allied and RioCan with "The Well". Think Dufferin redevelopment, or recent Miami River success. + +If it was my management, this is what I would do. I would also, prior to spin off, do a share buyback to burn some money from the industrial sale and help return units closer to NAV. After the spin offs are complete, it'll likely be too late to buyback units at a steep discount. Buying back units at this price is the best use of capital that will be guaranteed to create unitholder value. Assuming the debt ratios make sense with current cash from asset sales. + +&#x200B; + +**Analyst Price Targets:** + +&#x200B; + +Analysts have begun to realize H&R's potential and also believe in H&R's prospects. + +&#x200B; + +RBC Raised to $19 from $18 on Aug 30 + +TD Raised to $19 from $18.50 on Aug 17 + +Scotiabank Raised to $18.25 from $18 on Aug 18 + +National Bank Raised to $19.5 from $19 on Aug 17 + +&#x200B; + +&#x200B; + +My personal price target is a conservative $18 before year end, but exceeding this would not be surprising especially if we see a higher than expected special distribution announced. A special distribution of $1 could support a unit price of $19, then come.back down to $18 after the ex distribution date. This is just an example. + +&#x200B; + +&#x200B; + +**Current Unit Price:** + +&#x200B; + +Although H&R has come out stronger, leaner, and has outlined a plan to remove its diversified discount through strategic planning of spin offs, the unit prices have remained subdued. This has provided investors, in my opinion, an opportunity to get into an investment with a clear path to increase unitholder value, and return cash to investors through its upcoming special distribution which will be announced soon. Analysts agree that the unit value for H&R should be materially higher. The slow spin off progress, although understandable, has sent the weak hands to the sidelines, and the short term human mind elsewhere. This I believe is a great opportunity to get into H&R before the announcements are made and the light comes back to shine on H&R again. + +&#x200B; + +**Disclosure:** + +I hold H&R Long, and it is my largest holding. + +&#x200B; + +This summer I was absent, as I decided to spend the summer with my family and friends. As I was not able to maintain my updates, and ensure information and posts were maintained, I deleted my posts. It is important everyone makes their own investment decisions, and use my posts only to help with their own due diligence. Do not solely rely on my biased opinion! + +&#x200B; + +I have also recently created a new position in Artis REIT. I will likely be creating a new post on Artis in the near future and will disclose why I believe what Samir is doing will positively benefit the unit price of Artis. + +&#x200B; + +Sources: H&R Investor Presentation, H&R Financials, H&R Earnings Call Transcripts +Which option should I choose to start running a wheel strategy: (selling puts DTE Jan 21 on following at .35 delta) + +Option A: + +1- AAPL - $17100 -> $410 +2- MSFT- $32300 -> $700 +3- NVDA - $27800 -> $1410 +4- MS - $9700 -> $200 +5- V -$21100 -> $380 + +Total premium= $3100 +Cash held = $108000 + +Option B: + +1- SPY - $46000 -> $700 +2- QQQ - $38500 -> $770 +3- IWM - $21500 -> $500 + +Total Premium = $1970 +Cash held = $106000 + +Option C: +What you guys suggest? + +Thanks, +it's growing.. + +* EDIT** since I posted someone just bought [kittie #1](https://www.cryptokitties.co/kitty/1) for [250 ETH](https://etherscan.io/tx/0xf365be10a326b894cc13ddd3edf55a2db6ec517e1af83741df61fb9b09b37118) + + +* It just passed etherdelta and is now [#1 user of gas](https://ethgasstation.info/gasguzzlers.php) +* look at [historic cryptokittie sales](http://kittysales.herokuapp.com/) + +* r/CryptoKitties/ has doubled the # of subscribers in 24 hours + +* It's accessible on so many levels. My 9 and 10 year old kids set up their own metamask and are trading/breeding cute $1 kittens on the ethereum blockchain while the whales are [spending 50ETH](http://kittysales.herokuapp.com/) on [Founder cryptkittie #2](https://www.cryptokitties.co/kitty/2) + +* we've all spent a lot more on shitter ideas than this. +**Sorry gang, Sky-net & the lizard men have joined forces...** + +**You'll have the ''sort by new' yourselves, should be fixed by this arvo...** + +&#x200B; + + + +Your markets are run by bots. Now your [r/Asx\_bets](https://www.reddit.com/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) +Original thread + +https://www.reddit.com/r/UKPersonalFinance/comments/l604ai/i_just_dont_know_what_to_do_with_hmrc_anymore/ + +It's finally been sorted out, i received the full refund of the Tax they've incorrectly taking away from me, plus the refund I was actually owed in the tax year 2019/2020, a total refund of 3384 went into my bank account yesterday with my payslip. + +There was a lot of helpful advice that I received, and here's how I proceeded. + +I got in touch with my MP and asked for advice, took a bit of time to get a response but was essentially told I need to go through HMRC complaint process and if that doesn't work then MP would step in. + +I contacted the complaints department and explained to them I was involving the MP to help me solve this problem, after a long a chat the operator said he can only forward my case to a special team etc etc etc, but he will ensure they contact me back within 2 week, and gave me a direct number to him in case nothing happened. Obviously the special team never called. 2 weeks later I called the same operator and told him i never received a call, he checks the record and goes "It seems like they closed the case again but haven't explained why" he asked when I sent my letter containing evidence, i gave him the date, was put on hold for like 15 mins. He gets back to me and says I can't seem to find your correspondence and I'd have to send it AGAIN. but He assured me that he was keeping his attention on my case and as soon as he receives my new letter he'd contact me again. Surprisingly he actually did, and sat with me on the phone and calculated exactly how much I'm owed (this was end of March). once we established how much I was owed, He said I'll process and you should receive it with your paycheck for April. and yesterday i got my paycheck and Hallelujah the refund was in there....Finally. + +My only issue is that my records were not corrected, i just received the refund, and I have a feeling this is gonna bite me in the ass again in the future and I'm not sure If I should pester them again to correct these records. + +But for now, I'm taking a breather cuz god fucking knows how much i despise the idea of sitting through their hold music again. +I wanted to understand what your annual spending is. I know this varies a lot, but I thought this might be useful for members in the group (and for me) to understand where I fall on the spectrum and if I'm spending too much. + +Family: Wife and me, no kids. +Total vested compensation pretax for my household (incl. 401k match): ≈390k +Total annual spend: ≈80k +Age: 25 +Location: Bay Area + +Our rent makes up ≈40k of this. Vacations make up ≈10k (we like to travel, and want to do it while we're young and free). + +Feel free to share your numbers if you're comfortable. I would also love your thoughts on my spending -- what do you think? +Hey everyone, + +About a year ago I bought my first house. I'm currently living with my girlfriend and her children with no plans to marry. I am the primary breadwinner of the household. + +Not that I'm planning on dying anytime soon, but when you start making long term decisions like this it gets you thinking. My intend as of now is to make her the primary beneficiary of my life insurance, same goes with my other assets (401K, etc.) With the rest of my family also receiving some of my assets. I'm also looking into a transfer on death deed for the house. + +Basically my question is this; what's the best way to make sure that, should the worst happen, my loved ones are taken care of? Should I do a TOD or something else? Is there a specific type of insurance I can get so she won't be responsible for the debt?(I've heard mortgage insurance isn't all its cracked up to be) how should I set up my will? + +Any insight would be greatly appreciated. +Wade explains that the only chance the hedge funds make it out of this is if they stretch out the squeeze over months and years to make people lose interest and sell. + +He also explains that in the event the hedge funds go bankrupt and the DTCC has to step in and clear the books that there is a chance that they might try to settle the remaining shorted shares. + +Why settling the shares is NOT in the best interest of the government is because the the whole world is watching now to see how they will regulate the situation. + +Everyone from long whales, international investors, retail investors are betting on the money to print and if the government decides to step in, settle the shares and stop the squeeze it is going to piss off international investors and make them pull out of the US Stock Market. + +So according to Wade's DD. It is in the governments best interest to let the money print because this has drawn the attention of the whole world now. + +That's the type of confirmation bias I need. Plus I just like the stock. This is not financial advice. + +💎🙌🚀🦍🐜🌕 +Benjamin Graham, author of the investing tome *The Intelligent Investor* advocated buying stocks trading at less than their net working assets (cash in the bank minus any debts). In theory, this sounds great but very few stocks trade that cheaply anymore, apart from scandalous small caps alledgedly with accounting frauds. + +One of Benjamin Graham’s investment criteria instructs conservative investors to avoid trading stocks trading above 1.5x their book value. If one would have followed this advice, in the last decade they would hold nothing but a few insurance and bank stocks. + +Just before Graham died in 1976 he was asked if detailed fundamental analysis of stocks (a technique he became famous for) was still a favorable investment strategy, his exact words were - + +&#x200B; + +>“In general, no. I am no longer an advocate of elaborate techniques of security analysis in order to find superior value opportunities. This was a rewarding experience, say. 40 years ago, when our textbook \[Security Analysis\] was first published. But the situation has changed a great deal since then." +Long time lurker. Currently have a very long way to go on my lofty goals. However I just wanted to get your guys thoughts. + +I have 5 individuals in my life that are close friends or family that each have wealth ranging from 10M-75M. As I’ve spent a lot of time around them I’ve noticed one trend: they are all largely unhappy. + +Each one of them has a terrible marriage or alcoholism problem. It also seems that they can just never relax either. What I imagine is they have worked so hard in life to gain this position that they can never turn the switch off and sit back. + +I have always told myself “when I get to that level I’ll be laid back with not a care” but now I find myself thinking about work 24/7 and I wake up at 5am no matter what now. How do you combat this? +There’s something I’ve thought about on and off for a little while. + +With the direction my career is headed, I see the ability to arrange things in such a way that I could do a large chunk of my work remotely. I also have a dream of eventually living in a mountain village. But, the place where I will likely be spending the rest of my career is about an hour down the mountain in the valley. + +So I’m considering what the turning point would be. Any decision to buy something up there is realistically years away, plenty of time to consider upsides and downsides of actually being there. In the meantime, what would I consider to be little enough commuting to be worth it? 5 days a week commuting? Nah, for me that’s too much. 3-4? Not sure. 2 days a week? Now I am interested. + +For me, it ties into desired lifestyle. Plenty of us on here are not wanting to stop work entirely, just have the freedom to get a better work/life balance. I had been thinking in the past in terms of ‘where would I live when I retire?’ Instead, if work is arranged well, I can get the benefits of the retirement location even earlier. + +What would it be for you all? To live in your desired location, what would work have to look like for you, and how much would you be willing to commute to get it? +**DISCLAIMER:** *Before you attempt my crucifixion, I want to state up front that this post is meant to provide more evidence that* ***D****irectly* ***R****egistering our* ***S****hares with* ***Computershare*** *is not only the way, it is the ONLY way! And it needed/should have gotten underway many months ago, in fact, right after the January sneeze would have been ideal.* + +I hope that this post becomes a multi-part post eventually as I suspect there is much more to glean from what I already know so far. Bear with me though as you read through, I am a blue collar retard and typing sh-t up, having it all make sense on paper is not my mug of beer. + +**INTRODUCTION:** + +u/dlauer (David Lauer)-as you all know-is an expert in this field of stock market trading. He was a high-frequency trader, he helped design exchanges, helped asset managers manage assets, has testified before the US Senate and SEC on market structure. With over ten years experience and working for some of the biggest firms in the markets, (yes, including Shitadel for 9 months) he is likely the most qualified "ape" that we know in this ginormous group of ours. + +[Dave, circa 2012, colorized](https://preview.redd.it/ydd64gfy0tp71.jpg?width=474&format=pjpg&auto=webp&s=813d7a57eec71f51f7a25beca57e35125c1557fd) + +I know for a lot of you the jury is still out on whether Dave is on our side or not but hear me out. I was until recently one of those who was very sus of Dave and did not take what he says at face value. After spending hours reading through hundreds of comments and posts from Dave and about him, I have since changed my mind because of one major point. In all his replies and statements, Dave has remained consistent. He doesn't flip flop on his ideals and he constantly reiterates that he is not always correct and is just as fallible as any of us. I genuinely believe now that Dave really is sincere about everything he says and I now believe that the controversy that became FUD concerning him was orchestrated. Let me show you what I mean below, I copied an older post of his that he made about a popcorn stock tweet that was extremely controversial. + +[page 1 of 4 of Dave's OG post](https://preview.redd.it/6xe1hxvy1sp71.jpg?width=1006&format=pjpg&auto=webp&s=749d2505bb2d39bdcaeb94763e69de9c872186da) + +Dave felt that the price action he saw in popcorn stock toward the end of May this year was due to shorts squeezing. As you can imagine, much screeching & reeee'ing followed.. + +[page 2 of 4 of Dave's post](https://preview.redd.it/6khht69t2sp71.jpg?width=836&format=pjpg&auto=webp&s=c3a9abebd9431117d19761f1abf1ff04fda3d97b) + +[page 3 of 4 of Dave's post, Vlad is a funny clown](https://preview.redd.it/00924udy2sp71.jpg?width=816&format=pjpg&auto=webp&s=4c6fdfb8b86a290af33c7558fc25b3b39f6211cc) + +In the next img, you will see the crux of my post, it was at the end of Dave's original post. What I read then has been burned into the back of my brain and has nagged at me for months. He said something that created instant PTSD in most of us who read those words.. + +[page 4 of 4 of Dave's post, mic drop moment](https://preview.redd.it/cec3an6a4sp71.jpg?width=2058&format=pjpg&auto=webp&s=93dfc477fd07ce8ddd81b0fd41889fdb5b1a9898) + +Dave is telling us all that short squeezes can happen slowly over time, without impacting the market dramatically! He points out that there are different kinds of squeezes, not just the one type we are all familiar with based on what happened back in January. The scariest kind of squeeze, imo, is the one you cannot detect is occurring. The one that looks like just natural price inflation over time. Consider this comment I found in his post: + +[shoutout to u\/where\_in\_the\_world89](https://preview.redd.it/bglqroqv5sp71.jpg?width=1168&format=pjpg&auto=webp&s=f584724bf8bea64ce5f8cd04d329b76890a6758b) + +Ever since the DRS movement with Computershare has regained steam, I have seen lots of FUD spread throughout the $GME subs and especially on other platforms such as youtube and twitter against registration. I think we all have heard by now of one special youtuber\* who has really gone on the offensive against Computershare, even going so far as to label Dr. Susan Trimbath as "irrelevant" concerning this trend to take our shares out of the market. Yes, the queen of the apes, who wrote the book on naked shorting! The shills are grasping for straws by pointing to Computershare's lack of positive reviews online, asking us to ignore field experts on the subject matter at hand. + +**How does any of this relate to "buying and hodling?"** Well my bros and sisis, I think I connected a dot from Dave's old post to the FUD being pushed today by our resident shills. Think about this, if the shills are not dumb enough to ask us nicely to sell our shares then what are they asking or telling us to do instead? The number one theme that I see from DRS/Computershare doubters is the message to just buy and hodl with our current brokers. That's it. Just stay where you are with your shares "safely" inside of your favorite broker. You might have seen them also say "don't transfer the bulk of your shares to CS." Or maybe you've heard them say, "CS is only for infinity pool shares because it's too difficult to sell and you might miss out on moass." + +**Here's the bomb drop part**. Shills, (hedgie mouthpieces) want us to buy and hodl with our current brokers in the market because it allows them to use our shares-which are really just iou's-to gain collateral and to slowly close out their open shorts very slowly, over time, so as not to cause any dramatic price swings in the market! That's it! **Buying** grants them more collateral since they don't have to actually buy a real share for you unless you DRS them! **Hodling** them in your broker allows them to be used for the benefit of hedgies to perform their fu-kery indefinitely! That's the shills greatest plan and it's been right under our noses the whole time! *They want us to keep our shares in the market, in the DTCC, where they have the greatest chance to slowly get out of their precarious position.* Time, as it turns out, is on their side too! + +Do you remember what [Criand wrote about in his latest DD concerning CS?](https://www.reddit.com/r/Superstonk/comments/pps2yj/direct_registering_shares_drs_is_the_moass_key/?utm_source=share&utm_medium=web2x&context=3) Our brokers very likely do not hold any actual shares of $GME, instead there are iou's or placeholders because of collateral/swap loaning. We likely only receive an actual share once we request DRS. This is likely why we have been seeing some really wonky prices printing on our statements when transfers are processed. I am convinced that all of the shares in our brokers are iou's/fakes and only the ones getting DRS'd are real because of forced purchasing. As I write this, I won't lie, I am afraid what will happen if I don't transfer ALL of my shares to Computershare. Will they honor the synthetics which sit in our broker accounts? After all, they haven't been purchased yet and according to the CMKM section in Dr. T's book *Naked, Short and Greedy Wall Street's Failure to Deliver,* even brokers whose clients purchased certain securities, may be in a state of "failed to receive" even though they were "long" at settlement. Meaning that your broker took your money, assigned you shares that it itself never received and is always waiting for shares to be delivered that never come. + +Guys, this is huge. We cannot just "buy and hodl" because we're not receiving actual shares in our brokers when we buy. We cannot hodl what does not exist. The only real shares on the market are sitting in Computershare accounts, off market. + +In the case with CMKM-although very different because it was a penny stock and got delisted-all the shares that were sold as synthetics, the brokers just deleted them from shareholder's accounts. Millions of shares, erased with varying excuses. It happened with many brokers involved including but not limited to Fidelity, eTrade, Schwab, TD Ameritrade, Chase, etc. After all I have witnessed in this sh-t show of a market since Feb., I wouldn't put it past these a-holes to offer a refund of the purchase price of our shares because they cannot locate real ones. I know we all want to look on the bright side of this and assume Shitadel is on the hook to "buy back" our fakes but after digging into all this I don't expect that to be the most likely scenario. I don't know what will happen, but I do know that I would feel a hell of a lot safer if 99% of my shares are DRS'd. + +&#x200B; + +I don't want to cause panic, but, Computershare may become a race to secure real shares which are the only shares entitled to the future dividend distributions and value of $GME. + +&#x200B; + +\**youtuber in question has since deleted his video(s) and comments regarding Dr. T and Computershare and/or has locked them up behind a member's only wall. However, I did find this great bit of FUD on his channel:* + +[name redacted because publicity](https://preview.redd.it/7bchahmdpsp71.jpg?width=1356&format=pjpg&auto=webp&s=8140be57f774b5ae5e0f0229df3e625b119e2810) + +I am going to end the post here because it's late and I'm retarded. + +I have screenshots and comments from Dave and others replying whom have since deleted their accounts that I think are important to post/publish because I believe Dave to be on our side. I just think that we misunderstand him and he cannot explain himself well sometimes through replies. Especially after he says something like a big squeeze is possible but not guaranteed, (due to shorts covering slowly over time as he said above) and that all these volume errors are glitches that are often corrected. You get the picture. I contacted Dave before posting but I never showed him a rough draft so he will be seeing this post live like all of ya'll. + +I'm a last minute kind of ape. + +Oh and before I forget, it occurred to me that if some 4 month old, green horns challenged me on my knowledge of my own field after having spent over 15 years in it, I would mock them viciously and let them wallow in their ignorance. Be kind to Dave, dude knows his sh-t. We just learned how to walk ffs. + +Love you guys, stay hardcore. + +&#x200B; + +edit: added photo +Basically the title. So sick of seeing these shilly posts which dont do anything more than scare ppl. If there is something news worthy there, okay, by all means post it. But now it is just FUD articles being spread by ignorant apes or shills, which dont add any value to the discussion or hype on this beautiful sub. +I’m 24 and a little over $100k NW with no debt - I’ve been asking myself this question for a while and I constantly tell myself the one thing money can’t buy is youth & time. Eventually when I’m older I’ll wish I did more in my 20s if I lived full frugal mode. That’s what I tell myself - Am I right by thinking this or is it subjective? Can any older Redditors give some wise knowledge or outside perspectives? + +I don’t mean ultra expensive hobbies like heliskiing or yachting. I skydive, scuba dive, expedition mountaineering and ice climb. My cheaper hobbies involve hiking, paddle boarding and kite boarding. Short of expedition mountaineering, I do all of these on a very routine basis. I travel a lot as well but try to save money rather than staying at the St.Regis and instead try to find a comfortable middle ground. Looking back, I could have easily doubled my NW if I didn’t do any of that and chose to compound it instead. I have a fear of not having enough when I’m in my 40s but I also have a fear of wasting my youth and time not ‘living’. I feel like this is the epitome of a first world problem to have. +Ethereum has transferred $10.7 billion in value over the last 24 hours across its network, the entire payment card industry (Visa, Mastercard, AmEx etc.) averaged $56.4 billion daily in 2016. + +That means our new little network transferred ~19% of what every card payment processor on the planet has done. Think about that for a second. + +How long until we are moving more value around than the payment processors? + +Sources: http://www.electran.org/publication/transactiontrends/payment-card-transactions-increased-13-in-2016/ + +https://bitinfocharts.com/ethereum/ + + + +There are a handful of us in this community that genuinely care about Economics,Accounting Infrastructure and the concept of blockchain and comparable future technologies. + +There will always be memes because people are just that. You have created something that's changing the world and you need to get comfortable with the fact that you are inevitably going to comes across all personalities. Such is life. + +Please do not put the project down because a few people are mocking and simply along for the ride. Think back to the mid-90s when the commonwealth said Quant was dead. + +Please be patient for the sake of us all and continue doing what you do best. + +Alternatively, if you believe there are ways for folks to get involved who have a strong opinion, share with the community. + +Ryan +# 🚀 WEN LAMBO - DAPP REVIEW 🚀 + +After the recent hype of so called 'revolutionary' charting DApps that, in reality, all seem to have been hacked, had contract issues or flash loan exploits; we breakdown a new all-in-1 super DApp: + +**WEN LAMBO APP** +[https://www.wen-lambo.app](https://www.wen-lambo.app) + +&#x200B; + +* Are you in the market for a reliable all-in-1 BSC & ETH DApp for charts & tools? +* Do you want to easily view portfolios & token balances? +* Are simple, easily accessible donut charts your preference? +* What about being able to gain investing information quickly and precisely with an 18 display multi-chart? +* Are sniper tools, a rug checker and top gainers insights your thing? +* Want the ease of being able to swap, view multiple wallets, track whale wallets and transactions in one click? + +***Yes? Well, I do too...*** *And I want it on* ***official iOS & Android mobile apps*** *(coming soon!)* + +&#x200B; + +Wen Lambo DApp offers all these features in an easy to use layout, that will get you hooked from the first click. + +Let's take a closer look at this nifty little tool set for the beginner to advanced crypto trader: Wen Lambo DApp ([www.wen-lambo.app](https://www.wen-lambo.app)) + +&#x200B; + +Firstly, the Wen Lambo DApp provides full **support for both ETH and BSC tokens**, which is a massive achievement for a relative new comer to the crypto game. + +No other Charting DApp provides tools for both ETH & BSC such as a Rug Detector, Snipe Top Gainers & Losers, Multi Charts and Donut Portfolio Display. + +Include extras like Swap and being able to view multiple wallets in one click, and you've got a winner of a DApp at your fingertips. + +One of the most awesome features is being able to save up to 50 different wallets, including whale wallets both on the DApp and on your iOS & Android phone. (Fully functional by end of July) + +This is a one of a kind project, that is supported by its own token ($LAMBO). + + +**Sing it with me kiddies - IT'S ALWAYS ADVISABLE TO INVEST IN THE FUNDAMENTALS.** + +Reassuringly, the DApp and token have a doxxed, solid team who are always available on their active Telegram group. + +Previously, the team have removed a 2% transaction fee. Holders benefit from 4% redistribution and 4% burnt from the the supply, per transaction. + +The development team also burnt 10% of the total supply and renounced ownership of the contract to give back to us, the community. + +&#x200B; + +**One of the best startup stories**, this little team that could, paid for the DApp and mobile apps with their own funds. Nothing has been removed from the project's token to fund any development! + +Most tokens have been locked into a time locked contract as well as all of the LP, another good sign. + +&#x200B; + +Looking forward; the team have completed their final airdrop competition and holders are set to increase above the 3000 mark. This means **Coingecko and CMC listings** are imminent. + +&#x200B; + +How many other projects can say they have done so much in such a short amount of time? And to think, the Wen Lambo DApp has only been live for a month! + +&#x200B; + +**I sound excited, because I am!** + +Join, click and browse around but do yourself a favour and check Wen Lambo DApp out! + +I promise you, you won't regret it. If anything you'll thank me! + + + +**WEN LAMBO (LAMBO)** + +BSC contract: 0x2c7b396d17e3a5184d4901380836de7a72c5cba4 + +Only 850k Market Cap. + +0% transaction fees! 4% to holders / 4% burnt + +&#x200B; + +✅ Website: + +[https://www.wen-lambo.app](https://www.wen-lambo.app/) + +✅ Telegram: + +[https://t.me/wenlamboofficial](https://t.me/wenlamboofficial) + +✅Twitter: + +[https://twitter.com/wenlamboapp](https://twitter.com/wenlamboapp) + +✅Reddit: + +[https://www.reddit.com/r/WenLambo/](https://www.reddit.com/r/WenLambo/) + +&#x200B; + +&#x200B; + +*Claire Angelique* + +*writer/journalist/director* +So far she has changed her AppleID password, Email password, bank password and any other password that might match one of those. She also canceled her debit card of course. The only suspicious activity we’ve encountered is a $80 purchase on her debit. + +We reported the event on IdentityTheft.gov, and she is in the middle of reporting the event to the IRS and freezing her credit with Equifax, Experion and TransUnion. + +I’m extremely stressed from this and want to make sure she is as protected as possible. Is there anything else I am forgetting? + +Also since someone now has all of her information is it possible that they are able to get in and unfreeze her accounts? + +Thanks for any and all help! + +EDIT: Just wanted to thank everybody who helped me! I can’t reply to everyone, but I’ve read everybody’s comments and took a lot of your advice! All of the major steps are completed and should have most everything else taken care of tomorrow. +So I (21F) have my first “big girl”job, and am able to enroll in the 401k they offer in a few weeks. They match I think it’s 100% of the first 3% we contribute. I’m aware that this is essentially free money and it would be stupid to not take advantage of this, but in a lot of research I see people also advocating to open a Roth IRA account, and max it out 6k each year. + +So I have a few questions, would it make sense to enroll in both or is one better than the other? I also will be filling taxes for the first time this upcoming year, will I have to pay taxes on either of these accounts? + +Some info that may or may not be relevant: +- I do plan on going to grad school later, this isn’t my final job +- after taxes I take home $2,200, and currently make about $1,000-3,000 a month from my business, which I plan on scaling up in the next few months, so I think I would be fine making contributions to both +- No debt besides an $8,000 student loan, haven’t really been inclined to pay this off bc of the possibility of cancellation + + +Thanks and any other advice or recommendations is greatly appreciated!! +Hey guess, I graduated in May 2020 and was fortunate to find a job. Since then, I started working June 1st. I have been putting a majority of my money towards my car (paid 6k off). I also bought a furniture set for my apartment when I move out next year and a new wardrobe. I have no other debt and need nothing else right now. Should i continue paying off my car to the fullest or tone it down a little? + +From what it sounds, I’ll be moving out end of Q1 to go into the office at work. I was planning on putting the majority of my next 3 paychecks towards my car as well as my tax refund check which would bring it down to 6000$ not including my tax refund check. + +Just asking if I should get rid of the debt completely or when to start saving? I get paid 2 times a month, beginning and the 15th. Thanks everyone +Think about who we are up against. These hedge fucks have been the embodiment of greed for YEARS. These assholes have been manipulating the market for so long just so they can get more money in their pockets for their next vacation home or new expensive car. + +Radio Shack? Toys R Us? Just two examples of the absolute selfishness of these fucking degenerates. Money has transformed these guys into the selfish, egotistical narcissists that they are. Because of them, our kids aren’t able to experience some of the businesses and experiences that we had and cherish for our life. GameStop was the last straw, they FUCKED UP trying to take that one out. I remember going to GameStop and waiting in line for the midnight release of the new CoD game. I remember when I’d go to the mall with my parents, I always wanted to go to GameStop and look at the games they had, maybe even buy one of their cheap used games that they provided. Oh, and not to mention the memes of “turning in a brand new PlayStation? I��ll give you $4 in-store credit and a bag of chips”. Even though it never made sense, you gotta admit it was pretty funny how it worked. + +And they tried to take that from me, from us as customers. Well tough fucking luck Ken and Friends, it’s not happening this time. + +Oh, and I can’t forget to mention the 2008 financial crisis. Yeah, the one where multiple fucking people lost their homes? Their jobs? Fucking everything. How could we forget about that? Personally, I was lucky enough to be in a stable family to where this didn’t affect us as much, but I’m here to fight for the people who it did affect. + +Do you want to continue to work paycheck to paycheck while letting these slimy fucks use loopholes in the market to help fund their [next million dollar mansion?](https://www.google.com/amp/s/therealdeal.com/2020/08/27/ken-griffin-is-approaching-1b-in-worldwide-luxury-real-estate/amp/) What fucking use do you even have for multiple mansions?? Do you want to continue to slave away hours just to get by, while these fucksticks continue to make millions in illegal money? (well it fucking should be at least, but clearly we’ve learned the government’s in on it too) + +Or, do you want to wrap these guys up by the balls and **squeeze** so tight that they fucking explode? This is yours, and all other apes, opportunity to fight back at the corruption that has been going on right under our noses for years. These hedge fucks think that their better than us, simply because they’re fucking sociopaths and aren’t afraid to push the limits and do anything just to get a quick buck. As the “average person”, we have MORALS. We are good people. + +But not now. They’ve pissed off the apes, and now they’re gonna see the aftermath. Give these cockbags a taste of their own medicine. Covering your initial investment? For these guys that’s the equivalent of giving you a fucking $5 bill and flipping the bird. These guys have money, and we have the choice to make them pay up. They HAVE to buy our shares at some point, there’s just no other way around it. + +So be selfish. Be greedy. Understand that the money is coming from the fucking shit eating parasites that are these HFs. Don’t fucking settle. Whether you’re an X, XX, XXX, or XXXX ape, I know you want to be a fucking millionaire. For the XXX and XXXX apes, be even greedier than you think you should be. This will a) ensure that X and XX apes can also become multimillionaires and b) make you even richer than you could have ever imagined you’ve been. As an X ape, trust me, these shares aren’t going anywhere until I see a fair price ($100mil to start maybe?), but I will need the help of the mini-whales to ensure that I have this power. + +Once you get the money, you can go back to having your morals again. Don’t forget where you started. Don’t let the money entrap you and make your life become the very thing you swore to destroy. You know why? Because the economy is going to be fucked once this all blows up. You’ve read the DD, you know the impending market crash, and how GME will be the lone survivor, the growing mountain surrounded by the valleys that grow deeper and deeper. So you will have your money, but many people will lose theirs. Understand one thing: + +**Whatever happens as a result of you buying and holding GME is not your fault. You’re simply a retail investor who liked the stock. It’s the HF’s fault for holding the US economy hostage simply because they’re finally losing at the game they’ve been playing for years.** + +Remember how I said to not forget where you came from? How you can go back to being humble once you have your money? Well, don’t just be humble. Give back!! Yes, you will pay a lot of money in taxes, but that money just goes to the US government in order to help rebuild the economy that these hedge fucks destroyed. After taxes though? Still give back! Help out the less fortunate. Help those who weren’t even a part of this shitty charade, but yet got hurt the most. Be a friendly ape! + +TL;DR: don’t give your shares up too easy. Be a greedy fuck, just like the ones you’re up against. Don’t settle for anything less than life changing money. And help rebuild the economy that the HFs destroyed once you get your tendies. + +**Not a financial advisor. This is not financial advice. I shat in my hand and threw it at the wall the other day, just to give you a taste of my intelligence. I like the stock** + +🚀🚀🚀🚀 + + +And only sells 20 grams of product per year. An overlooked small-cap, with a bright future + +Thread 🧵 ⬇️ Bioventix Plc + +1. Why Buy? + +Develops diagnostic blood-test antibodies, direct competition for which is limited due to the necessary scientific innovation, protracted regulatory testing, onerous switching procedures and ‘captive’ hospital end-customers. + +2. How so? + +It takes years of research and development to produce and test new antibodies, and even longer to get them approved by regulators Once antibodies are approved for use with a particular machine, they are very unlikely to be substituted for an alternative. + + 3. Is this backed up by fundamentals? + +Yes - Employs ‘scalable’ royalty/licensing model that requires few employees and leads to terrific margins, decent cash flow, high returns on equity and no debt. + + 4. Is it well managed? + +Yes - Boasts founder/entrepreneurial chief exec who has overseen an attractive growth record, retains an 8%/£17m shareholding and has declared five special dividends. + + 5. Wonderful business model? + +You bet - The operating margin continues to be superb at 76%, The superb margin is a result of extra fees and royalties attracting little (or no) incremental cost, with expenses being kept under control by employing only 16 people (point 9): + + 6. The Risk? + +Its biggest money-spinner by far is a test for vitamin D deficiency, although Bioventix has been saying for years that revenue growth from this antibody is flattening (vitamin D revenue grew 10% in the year to 2020). + + 7. The Solution? + +Troponin may take over from Vitamin D, as the company’s main source of growth but it is still in the early stages of commercialization. Yet Troponin could be used to help diagnose 300 million “non-cardiac surgeries” a year: + + 8. Why the solution will work? + +In Bioventix own words - "There are no antibodies in the future pipeline that are comparable to our troponin product in clear potential value and that have the ability to influence revenues in the next few years" + +Summary - A stable, innovative company that the market views as risky due to the slowing down in Vitamin D sales. In my opinion, has weakened the share price against future cashflows. A buy from me. +Hey all, I’m planning to set up a dividend portfolio and need advice on what to do. I’m 29 and been investing for years, mostly in crypto and a chunk in tech growth stocks like AMD, MSFT, SQ, AAPL, TSLA, NVDA. I never bothered paying attention to high value dividend stocks until recently, when my shiba inu meme coin paid off quite nicely for $32 million. I’m reinvesting most of it back into crypto and my growth portfolio, but I’d like to take $5 million of my earnings, along with the annual yield of $200K from DeFi, and dump it into the dividend portfolio, but not sure how to go about it. Should I simply DCA into SCHD and SPHD? Or should I select a group of high value dividend stocks like PG and KO? Or a combination of the two? + +Much appreciated! +I've been interested in crypto recently but mainly because of the underlying tech. I come from an engineering background and appreciate it through that lens, but I want to learn more about the economics involved with having tokens. Are there any books, research papers, blogs, etc. that I can read to better understand the economic properties behind the tech? +Has been wheeling for a while and just found out SPY premium wasn't too bad. 30 DTE 30 Delta put gives $642 premium and uses $8.2k margin. + +I know the premium is comparably lesser than individual stocks but don't you guys think the lower concentration risk is worth it? +TLDR: Market tanks and we collect our tendies. MOASS will happen at some point no matter what the catalyst. Patience is everything. The court case referenced below began in 2018 and settled in 2019. + +This is not click-bait or hype. I made another post and it’s getting downvoted by shills and this should be seen because it appears to reaffirm everything. The statement below is quoted from a series of court documents from a 2018 case against LJM Funds related to an ETF and/or mutual fund that includes Citadel, International Brokers, JP Morgan, Virtu, BofA and others. The fund name: the Two Roads Shared Trust and it’s still active today. + +Fund info and (conspirators) players involved: https://sec.report/Document/0001752724-21-146243/ + +Note the tickers and the recent DDs that have been posted recently concerning ETFS. + +“Analysts were quick to recognize that the Fund’s losses were unusual and not an indictment of all volatility strategies but merely the result of extreme risk-taking with wholly inadequate risk mitigation or controls. For example, following the Fund’s collapse, Morningstar reported that the Fund had made bets exposing it to “extraordinary risks,” including selling “***naked put options” on S&amp;P 500 futures that caused the Fund to be “‘leveraged and [with] above-average margin [borrowing] levels.’” Thus, as the market moved downward, the Fund was subject to margin and risk calls that forced it to liquidate capital and open positions.*** Morningstar added, “‘[t]his fund should never have been marketed to fund shareholders as a tool for capital preservation.’” + +And when the market tanks? Well… + +“Investors, analysts and the media were stunned that such a modest downturn of just 4% in a single day and roughly 2% over two days in the Dow and S&amp;P 500 could nearly wipe out the entire value of the Preservation Fund. The events were described by the media and analysts as “jaw-droppingly awful,” a “collapse,” a “debacle,” the “biggest one-week drop for a mutual fund recorded in 20 years,” and perhaps “‘the biggest two-day drop for a mutual fund ever.” + +“This case arises from one of the most rapid mutual fund collapses in history wherein the Preservation Fund lost 80% of its value in just two days. LJM Partners, Ltd. (“LJM Partners”), an affiliate of LJM and the Fund, was an investment advisor that managed hedge funds. LJM Partners marketed some of its funds as aggressive strategy funds, such as the “Moderately Aggressive Strategy” and the “Aggressive Strategy.” But this case involves the collapse of its affiliated, and purportedly conservative, Preservation Fund, created in 2012. As its name suggests, the Preservation Fund was marketed to investors seeking lower risk and moderate growth through a +more conservative strategy that would preserve capital and avoid the massive risks of aggressive hedge funds seeking greater returns.” + +https://ljmfundssecuritiessettlement.com/Content/Documents/Complaint.pdf + +Please, for the love of Harambe…. Get these docs to the attention of the wrinkle brains. It literally details the entire ETF/mutual fund scam and how it’s pretty much centered around an options scam. + +Treasure trove of docs for wrinkles to review: https://www.ljmfundssecuritiessettlement.com/Home/Documents + +Edit: added details + +Edit 2: another fund was also sued the following year (but for the same timeframe) for the same outcome of their investment so I’m including the coverage of this as well https://citywireusa.com/professional-buyer/news/investors-sue-etf-shop-over-losses-from-volmageddon/a1196427 + +Edit 3: day was referred to as “Volmageddon”. https://www.etftrends.com/etf-strategist-channel/volmageddon-tale-two-volatilities/ + +Thanks for the awards, but please save them for someone worthy. + +I’m done adding/editing because I huff crayons. Letting wrinkles take over. +I'm kinda confused. I guess I should report and close the other cards, but... will closing them affect my credit score? *Should* I close them? And why would someone do this anyways? Or could I be mistaken about this being identity theft? + +EDIT: After finding out that they were authorized accounts, we noticed that my birth mother's address was listed on the report, so I took a shot and contacted her, and... https://i.imgur.com/2wnKQub.jpg + +Thanks for the help, y'all. Go hug your moms. +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\*\*\* +Reposting my DFV tweet theory from 1 year ago, before DRS was widely accepted. + +[Roaring Kitty posted this meme on June 14, 2021:](https://twitter.com/TheRoaringKitty/status/1404468676493971458?s=20&t=CNjhEkRM6jMFnBvAK_U5yw) + +https://preview.redd.it/4uj1dmn0gur91.png?width=523&format=png&auto=webp&s=487a6d612414c7be0b546b606abf14e894b68726 + +What a strange and random thing. What's the message? Why these companies? + +Let's review: + +[Jet Blue](https://preview.redd.it/ycxta4pngur91.png?width=527&format=png&auto=webp&s=4f91d8dcb05130011fb17aefd0d1b7f91ee1e730) + +[Carnival](https://preview.redd.it/0f8wjggqgur91.png?width=528&format=png&auto=webp&s=83af8acb9506e27cbd5266e1149f3cfabf8149ad) + +[Apple](https://preview.redd.it/p56utq3sgur91.png?width=534&format=png&auto=webp&s=9cfadfcb562281dd21307cbdbd7b1fd781c1f272) + +[Blockbuster](https://preview.redd.it/u9ofduttgur91.png?width=521&format=png&auto=webp&s=97b7c41255d84df1cfe60eab2b01a30451bb9386) + +What? This dude is just impatiently in some line? Is it just meant to be funny? WTF Roaring Kitty! + +Don't see it? + +Neither did I, before a lot of digging. + +I'm going to run through this for you. + +Maybe sit down. + +JET BLUE: + +https://preview.redd.it/plmi3w80hur91.png?width=574&format=png&auto=webp&s=dc4f6ac8b4ffab9d544181329f93cee0f5614b00 + +CARNIVAL CRUISE: + +https://preview.redd.it/7kazoun1hur91.png?width=608&format=png&auto=webp&s=33ffeead5422c9e0cbcae7c71e3f6cd1bdc33b5e + +APPLE: + +https://preview.redd.it/87z5xp34hur91.png?width=646&format=png&auto=webp&s=8f83cd723d83c597a2c9a1868a367f0d8e0c7e9e + +Sadly, however, Blockbuster's Transfer Agent was EquiServe: + +https://preview.redd.it/w2xjiif6hur91.png?width=871&format=png&auto=webp&s=5a5a3add548c5c04f05136a183e4e83f1738ce19 + +Which completely ruins my entire theo-- + +https://i.redd.it/m4o526s9hur91.gif + +COMPUTERSHARE OWNS EQUISERVE! + +https://preview.redd.it/1v8xbz3ehur91.png?width=513&format=png&auto=webp&s=4a8fcf7dd91d1fdb8a8ce652ec814d8fe93ba3c6 + +**DO YOU SEE?** + +**THE MAN IN THE GIF IS STANDING IN LINE AT COMPUTERSHARE.** + +**HE'S A FREQUENT GAMESTOP BUYER.** + +https://preview.redd.it/tqlbbvqxiur91.png?width=516&format=png&auto=webp&s=2463d3e3fd5e06b5bb8be43aeb59fbca1e5a4cfd + +**I SPECULATE THAT DFV IS WAITING AT COMPUTERSHARE.** + +\*\*\*\* + +What? You say lots of companies have ComputerShare as a Transfer Agent? It's just a coincidence? + +Well, ComputerShare is 32.4% of the Transfer Agent Market. + +https://preview.redd.it/08rh12unjur91.png?width=1146&format=png&auto=webp&s=7059d29ff0f9002c351a8ee426fd423690630047 + +The chances that the 5 companies named in the meme are all at ComputerShare? + +A 0.36% probability. + +\*\*\*\* + +[Thanks, DFV.](https://www.youtube.com/watch?v=4rrXR6n0RTY&t=207s) + +\*\*\*\* + +# EDIT: [For those questioning the ComputerShare & BNY Mellon connection, ComputerShare acquired the share management portion of BNY Mellon's business in 2012.](https://www.prnewswire.com/news-releases/computershare-completes-acquisition-of-bny-mellon-shareowner-services-136582478.html) +Wanted to point out that today is the first time since the selloff began that BTC is now oversold. RSI < 30. + +We might be near the end. + +** Correction -- end of the selling. +https://www.ctvnews.ca/canada/canadians-have-lost-more-than-131-billion-investing-in-cannabis-companies-firm-1.6156722 + +High quality marijuana cost $7.69 per gram. [source](https://www.publicsafety.gc.ca/cnt/rsrcs/pblctns/2017-r005/index-en.aspx) + +It’s estimated that the average joint has 0.32 grams of marijuana in them. [source](https://penntoday.upenn.edu/news/new-penn-research-shows-average-joint-contains-much-less-marijuana-thought) + +So one joint should be around $2.46. + +Therefore, $131 billion could purchase 53,252,032,520 joints. + +Canada’s population is 38.25 million. [source](https://datacommons.org/place/country/CAN?utm_medium=explore&mprop=count&popt=Person&hl=en) + +So each Canadian could have gotten 1,392 joints instead of investing in cannabis companies. That’s damn near 4 joints a day for an entire year. (Even a leap year) + +Check my math if you want but this is my math [guy](https://images.app.goo.gl/bppDpJ7iPASTzFA87) He doesn’t even speak English. + +Canada is my nominee for loss porn of the year. +Here is a story about how pursuing FI has helped my career. I'm in my early 30s and have around ~$500k saved. My goal is somewhere around $2-3M so I'm not close to retirement but the nest egg is a good start. I actually don't mind my work and enjoy it sometimes but my field has horrible job security which is what prompted me to begin saving. It seems like layoffs happen at least once a year and with a young family I didn't want to be fucked if it happened to me. + + + +I hit $500k saved last year. And like clockwork, the layoff rumors started happening at the beginning of this year. Finally having a sum of money I felt pretty comfortable with, my confidence was high. What's the worst that can happen? They lay me off and I get a severance package, and I have a shitload of money anyway. + + +So as soon as I got wind of the rumors I started shamelessly campaigning for a spot on another team that I felt was more strategic to the company. I watched all of our CEO's public strategy statements and put together a presentation that basically regurgitated his ideas and how they tied into why I should be on that other team. + + +I'd never have so blatantly tried to find a spot on another team without FI. As it turns out, I not only got onto that team, but as a result of the layoffs and re-org they promoted me to be the MANAGER of that team! Most likely due to my understanding of the company strategy. My previous team was all let go in the layoff and re-org, so if I hadn't done that I would be looking for work. + +Certainly I could have done this without FI, but I was totally prepared to lose my job so I didn't feel scared about shamelessly initiating conversations with bosses 2-3 levels above me. And that is what saved me, and got me promoted. + + +Edit: For those who are curious, I'm in consulting/professional services. I've averaged about $120-150k over the years depending on bonuses. Not software developer money but pretty good. +Here is a story about how pursuing FI has helped my career. I'm in my early 30s and have around ~$500k saved. My goal is somewhere around $2-3M so I'm not close to retirement but the nest egg is a good start. I actually don't mind my work and enjoy it sometimes but my field has horrible job security which is what prompted me to begin saving. It seems like layoffs happen at least once a year and with a young family I didn't want to be fucked if it happened to me. + + + +I hit $500k saved last year. And like clockwork, the layoff rumors started happening at the beginning of this year. Finally having a sum of money I felt pretty comfortable with, my confidence was high. What's the worst that can happen? They lay me off and I get a severance package, and I have a shitload of money anyway. + + +So as soon as I got wind of the rumors I started shamelessly campaigning for a spot on another team that I felt was more strategic to the company. I watched all of our CEO's public strategy statements and put together a presentation that basically regurgitated his ideas and how they tied into why I should be on that other team. + + +I'd never have so blatantly tried to find a spot on another team without FI. As it turns out, I not only got onto that team, but as a result of the layoffs and re-org they promoted me to be the MANAGER of that team! Most likely due to my understanding of the company strategy. My previous team was all let go in the layoff and re-org, so if I hadn't done that I would be looking for work. + +Certainly I could have done this without FI, but I was totally prepared to lose my job so I didn't feel scared about shamelessly initiating conversations with bosses 2-3 levels above me. And that is what saved me, and got me promoted. + + +Edit: For those who are curious, I'm in consulting/professional services. I've averaged about $120-150k over the years depending on bonuses. Not software developer money but pretty good. + Can anyone who has the major tell me what the most common job is out there and the starting salary and how the salary is after a couple years of experience? My dad told me I should not study economics at my first choice UCSB because it's a useless degree so I ended up going to my second choice which is a CSU but I still have a general interest in it. I feel like econ is sth you would study at privates and ivys? +I’m reading about Ossic, the headphone startup that raised 3.2 million dollars and then abruptly closed, leaving their investors out to dry. AFAIK they won’t have to cough up that money. +Why not? + +Why shouldn’t they while someone who can’t recoup the comparatively puny 100k or so they spent on their not-so-lucrative degree have to be saddled with that debt permanently? +https://www.nbcnews.com/tech/video-games/microsoft-takes-aim-sony-cloud-gaming-service-rcna116 + +Subscribers to Xbox Game Pass Ultimate, priced at $14.99 monthly, will be able to play more than 150 games via the cloud on Xbox consoles, Android devices and PCs. + +The launch in 22 countries, including the United States and 19 European countries, marks a shift for Microsoft into cloud gaming, which removes the need for bulky hardware but requires a fast internet connection. New entrants include Google , which has struggled to build a fanbase for its Stadia service. + +Across the industry, cloud gaming revenue is expected to grow to $4.8 billion by 2023 from nearly $600 million this year, according to Guilherme Fernandes, analyst at gaming analysis firm Newzoo. + +Thanks for the award. +Okay, I had another post just a little bit ago and it got automodded. It ended up being a great thing because I did more digging and this time I for sure will be hitting the 2000 word count, I'll be jacking your tits for you. + +# Lego is a Top Brand - Partnership confirmed + +*But digi, how do you know?* Just go check out the website on archive-dot-org. Notice there is now a Top Brands section on the website!!! + +[🍆💦 - seriously, omg](https://preview.redd.it/kdj6g7vyuyk71.png?width=2498&format=png&auto=webp&s=10db8b325fb8d1a2e1aa2866af46a1a2b7a1e28f) + +The sources below will show you before when there was no Top Brands and after where it is showing up: + +* 8/29: [https://web.archive.org/web/20210828023001/http://www.gamestop.com/](https://web.archive.org/web/20210828023001/http://www.gamestop.com/) +* 8/28: [https://web.archive.org/web/20210828023001/http://www.gamestop.com/](https://web.archive.org/web/20210828023001/http://www.gamestop.com/) + +Mobile view includes this new Top Brands also: [https://imgur.com/a/ZdhZjcU](https://imgur.com/a/ZdhZjcU) + +GameStop has had a "Shop by Brand" section in their menu but that is not the same. So don't let someone tell you that this was always there because that's not the same: + +[\\"Shop by Brand\\" in the menu is by console brand](https://preview.redd.it/7xxof29mwyk71.png?width=1478&format=png&auto=webp&s=e3bb7e46f2a3b0ab5d5476fd47422dcc12a39b79) + +Don't let this slip through the cracks! It's super huge confirmation that we all should be shouting from the rooftops. This change happened sometime between 8/28 and 8/29, so this is very recent. I r[ecently did a DD](https://www.reddit.com/r/Superstonk/comments/peb89d/gamestop_conference_vendorpartnership_analysis/) that talked about the partnerships coming and it seems that I was on-point with a bunch of them. I released that DD right before this change happened apparently, in my opinion, this is the best on dates I've seen! No Dates! + +**Partnerships that were confirmed:** + +* Microsoft XBOX +* Nintendo +* Sony Playstation +* Oculus +* Hasbro +* Razer +* Logitech + +**New Partnerships listed:** + +* Funko +* LEGO +* GoPro + +This now expands on my partnership DD from 18 partners to 21 partners in total. I'm letting this DD jack my tits and I think you should also. GameStop has essentially released a list of their top brands and no one really noticed. + +# tldr, LEGO confirmed as a Partner and now there is a list of Top Brands directly from GameStop + +Stay tuned for more GameStop DD from me, I'm still searching for more partnerships but this is has got me on Cloud9. Can't wait to read more about it in the financial reports coming up. + +**Word Count Rant:** I really want to make sure the word count is hit in this DD because it's such an important piece. I've seen our subs slide where DD is no longer reproducible or even really about GameStop. I want DD that I can share with people and it makes them rethink what GameStop is. I'm finding these types of data points are regularly happening but we're not always finding them because there is a flood of so much else. I'm not trying to criticize anyone's DD, I just want reproducible DD with links that give me the ability to see for myself; it's hard to just take an image and say *that works for me.* Thank you for listening to my word count rant. + +**A Crazy Idea for the Mods:** What about creating a DD template for the sub that all DD has to start from? That way we could have some standard sections like "Sources" in a known area. Maybe that also includes a "Conclusion" (tldr but more formal)? Just a thought for words. +$T goes Ex-Div 1/8 Friday, so you must buy it before close of business 4pm on 1/7, or thursday. + +ATT is a good company. Take a look, smooth earnings, gonna be around a long time. + +A good long term hold, or a quick div payout with a covered call on Monday. + +Your choice. + +$T is selling under $29.50 with a .52 cent dividend. + +Not a bad week's work. +I'm writing this in response to a lot of "I thought moon tomorrow..." post lately. + +I took the last objective data of DRS'ed shares from the Q3 earnings and did a rough extrapolation from that data, taken the speed of DRS from the bot. I roughly end up with June 2022 to lock the float. + +If I take the same speed and take a look when all shares outstanding not owned by insiders are locked, I'm at roughly end 2022 or latest Q1 2023. + +Of course if the speed changes, it will need more or less time. But in any case locking will ignite the rocket. + +If this is too long for you to wait or you can't afford to hold that long, I understand, do whatever you need to do. + +Does anyone has a quicker chance to become millionaire? + +Me not. + +Therefore this is absolutely amazing timeline for me. I will buy more whenever I can and I will DRS each single share to help to lock faster. + +Of course MOASS is tomorrow and if not the day after. + +Tldr: BUY, DRS, HOLD, BECOME MILLIONAIRE!!! + + +Edit: It seems this post and many comments are touching a nerve. The post and many comments of others are getting downvoted aggressively by shills. +As many of you may know, there have been an influx of users to this sub in the last few weeks, and this has lead to a lot of spammy posts and a too many memes. It is difficult for people to actually find information that is useful, so I will be removing more posts than normal in the upcoming weeks. + +We do not want this sub turning into another wallstreetbets. + +We may also recruit some new mods to help with the moderation. + +Thanks for understanding and good luck trading! +Is this not a little crazy? + +Current MOONS price - $0.095 (cmc) + +Current price per upvote to buy online - $0.06 or lower + +0.88 MOONS per upvote this round - 0.88\*0.095 - $0.083 per upvote gained. + +You can make a clear profit of $0.02 per upvote simply by buying them online. I + +s this a new form of arbitrage? Paying other people to 'mine' MOONS for you? + +Image the madness if MOONS, well, mooned. +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 :) +This is a weird one, apologies if this is the wrong subreddit. + +Last week, my manager asked us to book flights and hotel rooms for an out of state training. We use personal credit cards and are reimbursed at the end of the month. I booked my flight, and got us an Airbnb since it was cheaper (and nicer) than 3 hotel rooms. + +The training was canceled today. Thankfully, I was able to be completely refunded for the Airbnb. But the airline will only issue me a credit for the flight. + +My manager does not want our company to reimburse me for the flight, since I can use the flight credit for personal travel. I requested that the company still pay me for the expense, and if I use the credit (which I honestly don't plan on it - all my travel for the next year is already booked) - that I will let them know and they can deduct it from my paycheck at that time. + +My manager said "we can talk about it". + +What would be normal protocol for a situation like this? Am I just SOL for the $200 flight I booked? +Hey, did my first discounted cashflow analysis today. Followed a youtube video step by step. I analysed Apple. And i was very conservative with my %. But I got to the Fair Value to equity of $32 per share. Does that seem correct? I understand Apple have 16bn+ shares, but that seems really low. +Sony was recently written up on value investors club and has since fallen a bit due to the Microsoft Activision acquisition, which I think is an overreaction. + +Any thoughts on Sony? +We will pay taxes. They stand to gain so much when the squeeze has squozed and that's not all they will gain. We will help our communities. Apes are charitable creatures. + +&#x200B; + +[https://www.nytimes.com/live/2021/04/13/business/stock-market-today](https://www.nytimes.com/live/2021/04/13/business/stock-market-today) +My dad's house was last appraised at around 400k, but allegedly with some improvements (finishing unfinished rooms, roof replacement, etc.) it'd be worth closer to 450k. He has 250k left on the mortgage, and he's offering to sell it to me at that. Haven't had it inspected yet but from what my dad has told me there aren't any huge concerns. He's only selling because he's recently retired and had a house built elsewhere. + +If not yet obvious, I'm house-buying illiterate and while I'd like to buy a house in the future, I'm very comfortable renting right now. Moving to the house would add 40 minutes each way to my commute, and it's located in a community way off the beaten path about 20 minutes from the nearest grocery store. Not a big fan of that. I love the house itself, it's the house I grew up in and if I was 15 years older with kids it'd be a no-brainer, but I'm not very interested in living like that right now. + +My idea is to maybe take the offer, complete the renovations and sell the house as soon as possible, but I'm pretty sure that'll be a lot more complicated than it is in my head. It'd also involve paying both rent and a mortgage, which I might be able to swing while the work is being done but it'd be tight. Rental/AirBNB is also an option but the location doesn't have much demand. + +Would it be dumb to pass up this offer though? I feel like I'll never see a deal like this again if I do. Any other ideas? Thanks in advance. + +Edit: Lots of comments, lots to think about. So far what I've taken away is that I should have a good long discussion with my dad about this, definitely get an inspection done if I decide to pull the trigger, and probably lean towards renting it out considering my circumstances. Also shouldn't let myself get shackled to property I don't want in pursuit of a good deal. Still a lot to think about. Appreciate it guys. +I turned 40 just over a month ago and for a number of reasons it's a pretty glaring milestone in the history of one's life. + +On average you're half way to climbing into a coffin for a long well-deserved dirt nap and so naturally it makes sense to ponder your midterm report card. + +Whether you want to or not, it's kind of human nature to look around to your peers...to see how you are matching up to your buddies - not so much as a dick measuring contest but more so simply as part of the global analysis. + +And 40 is a time in your life where some of your friends start to get those "real" promotions...the kind where they make partner or earn a seat in the Board Room or their business really takes off...the kind of step-up that makes it possible to never have to worry about money ever again (if you play your cards right). + +But one thing I noticed is that so many people I know who are now pulling in this kind of dough are far from financial independence. + +I know a lot of couples earning well over $200k as a household and they still worry about money and not having enough. + +And the reason is lifestyle creep. + +**They Call it "Creep" because It's Sneaky** + +It happens to pretty much everybody who's ever earned more money than they used to. + +Take a look at your clothes. Your food. Your furniture. Your home. Your car. Your entertainment...and on and on and on. + +You upgrade almost all of this stuff - when you were perfectly happy ten years ago with a similar version that cost half as much. + +Instead of your favorite candy - you've now moved up to your favorite wine. + +Items that used to be luxury are now the norm and your new wants are things that never before entered your mind's eye. + +You're spending more because you have it - not because it's truly necessary. + +You've slowly but surely made a complete shift with regards to what's "normal" and over time far too many wants make their way over to the needs category. + +And all the while it never crosses your mind because it's happening slowly, like the tortoise catching up with the hare. + +**The Time to Catch It** + +And the time to nip this phenomenon in the bud is now. + +Because once you creep forward it's pretty tough to creep back. + +Once you're used to wine and brie, it's hard to enjoy Kool-Aid and Velveeta. + +It's hard to move back into a smaller house. It's hard to sell your flash new Audi to drive a used Toyota. It's hard to head back to the nosebleeds once you're used to box seats! It's hard to pack your lunch every day when you absolutely can afford to eat out every single day. + +It's much easier to beat lifestyle creep in advance - long before you're used to all these unnecessary upgrades. + +**Why Don't You Fuck Off Back to /r/frugal :)** + +Before the "Why work hard to get ahead if you're not going to enjoy your money?" retorts start rolling in...I'm not saying that we shouldn't upgrade our lifestyles as we start to earn more money. + +Of course we should. Of course we should reward ourselves with nice things and vacations and new cars and bigger homes when appropriate. + +What I am saying is that we should do it consciously, in a deliberate manner - to make sure that our upgrades are measured and to ensure that our choices fit our personal tastes and that we're not "moving on up" just because. + +We should upgrade our lives in such a way that we don't wind up earning twice as much money only to find that finances are just as tight as ever. + +**The Simplest Stop Gap** + +The easiest way to stop yourself from increasing expenditures in proportion to increased earnings is to set an actual number with regards to how greatly you'll allow your lifestyle to creep. + +Some people like 50/50. + +If you get a $10,000/year raise - half is for improving quality of life and half goes straight into savings. + +Maybe a different ratio works better for you...just be sure you don't spend it all. + +**Discover What's Important to You** + +For me I've found that one of the best ways I have been able to control lifestyle creep is in being truly honest with myself about which aspects of my lifestyle are actually important to me. When we were living off an insanely tight budget to save up the money to build Gecko Rock we were able to truly see which luxuries we missed and which ones we didn't. + +We now spend money where it matters (to us) and get by with "inferior" goods where it doesn't really matter (to us). + +My wife and I spend on travel but never pay full price for an item of clothing. We enjoy good food but would never dream of spending hundreds of dollars on a watch or jewelry. + +Find out what's important to you and spend your upgrade funds there...don't spend money to buy goods that are really only a luxury to someone else. +Final edit: I will be staying with the company and pursuing the reevaluation. I think it is worth staying considering the perks of the jobs, work environment, coworkers, boss, and leniency of schedules and time off. They have a good 401k plan I can take advantage of (match 3% for part time workers). Thanks to everyone who left kind words and extremely helpful and thoughtful advice. + +Edit 3: I apologize if I am not able to reply to everyone here. So many helpful people to reply to. I have read all of your replies. Fear not if I didn't reply. Simply too many to reply to since it will get repetitive. + +**I currently work for a large corporate rental company. The pay isn't that great but I love the job and I really enjoy working at this place. My coworkers and my bosses are great. They are very flexible with work schedules and asking for time off. I don't really know how to say bye to all my coworkers. Gonna miss them.** + +**However, I want to make more money since I will be moving on to a 4 year college end of next year. I was supposed to have a reevaluation after 6 months but here we are at 8 months and I have no news or anything.** + +**How do I go about leaving this employer?** + +Edit: Thanks to everyone who replied. I really appreciate all your thoughtful advice and recommendations. I definitely have a few things to think about and prepare for. + +Some have mentioned how I should find a new position first. This post was made prematurely to prepare myself mentally for if and when I do need to quit once I have an offer in hand. + +Edit 2: Many people have made similar comments about finding a new job. Just wanted to clarify that I do not have an offer yet since I haven't sent applications. I wanted to make this post to weigh my options and it has helped me get my thoughts together. A lot of helpful advice has given me a good confidence boost. + +I will most likely bring up my reevaluation to my boss soon. Perhaps this week. If they give me a raise then great. If not then I will consider putting in my 2 weeks shortly after. I will consider if the work environment and the flexibility is worth staying for. + +Thanks again everyone. You've been great. + +Edit 4: + +My boss and all my coworkers regularly communicate through text. Its part of the job. Would it be appropriate to bring up the reevaluation through text? Same thing with the 2 week notice? I think just the reevaluation but the 2 week notice I will email for if I decide to quit. +&#x200B; + +https://preview.redd.it/yshvup6fol471.jpg?width=700&format=pjpg&auto=webp&s=ef203a92b728e1f82925aa21171a49181709ab9f + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/e2urz53iol471.png?width=1600&format=png&auto=webp&s=ed3178b3817c49c694c9473ae1c7faeca3197efe + +Nuix is an Australian technology company that was founded in 2000. From its founding, Nuix has focused on developing software that would allow searching large quantities of unstructured data. Nuix sport themselves as leaders in “finding truth in a digital world”. + +Their software is said to have been used by over 1000 customers (many of which were government agencies) across in 79 countries. Nuix technology could be roughly described as software for digital forensic investigation. For example, Nuix assisted in analyzing the 2.6terabytes (11.5million documents) of leaked data in the Panama Papers. + +Like a story out of the old tech boom in America, Nuix started with only 2 developers. Since then, it has grown to over 400 employees with offices worldwide. It was listed on the ASX in December of 2020, with an initial value of $1.8billion, almost immediately being included as one of the largest 200 Australian public companies. + +# The Checklist + +* Net Profit: positive last 3 years. Good ✅ +* Outstanding Shares: not enough history. Neutral ⚪ +* Revenue, Profit, & Equity: growing quickly L3Y. Good ✅ +* Insider Ownership: 30.7% w/ one on market purchase @$5.01 Good ✅ +* Debt / Equity: 5.8% w/ Current Ratio of 1.7x. Good ✅ +* ROE: 8.3% Avg L10Y w/ 12.1% FY20. Neutral ⚪ +* Dividend: No Dividend Declared. Neutral ⚪ +* BPS 82.8c (3.3x P/B) w/ NTA 21c (12.9x P/NTA). Bad ❌ +* L3Y Avg: SPS 45.1c (6x P/S), EPS 3.9c (69x P/E). Bad ❌ +* Growth: +24.4% Avg Revenue Growth L10Y w/ 26% FY20. Good ✅ + +**Fair Value: 62cents\^** + +**Target Buy: 45cents\^** + +^(\^Based on averages from 2017-2020. More relevant FY21 valuation can be found in The Target section below.) + +# The Knife + +&#x200B; + +https://preview.redd.it/56a46st6pl471.png?width=968&format=png&auto=webp&s=fef6b3cd3ccb210847793ef5b61dc127beabecf5 + +Nuix was listed on the exchange only 6 months ago. The IPO opened at $5.31 per share, but by the end of the same day, it closed at $8.01 a share. Within the very first day of trading, NXL had gained +50% and the company was already valued at 2.5 billion. In 7 weeks, Nuix had nearly gained another 50% on its value, more than double the IPO price, reaching $11.85 on Jan 22, 2021 and boasting a market cap of 3.7billion at its high. + +In that short time, Nuix was already set to take its place as one of the 200 largest companies in Australia. However, by the time it was announced that it would be included on the ASX 200 index rebalance in mid-March, Nuix had already crashed back to the IPO price. + +That was only the start of it's decline. Only 3 months later, at close of today 11th June 2021 at $2.65, those who bought in at Nuix’s all time high would have lost 77% of the value of their investment. Even those who participated in the IPO would be down nearly 50% of their investment. + +I would be hard pressed to find another stock that was an ASX200 dogshit stock before it was even listed on the ASX200 officially. + +# The Diagnosis + +The Short Answer: The FY21 outlook has had to be revised down, leading to a significant rerate of the stock. + +The Long Answer: There are some serious questions of integrity that extend further that just forecast downgrades. Digging a bit deeper, we find a string of events that may lead to the ultimate downfall of this once promising IPO. + +**First Sign of Trouble** + +The 1H21 results heralded the fall. The share price fell 32% on the announcement. The results were disappointing to many, whom had likely expected growth in line with the IPO reports of roughly 20-30%. Instead, they were received with a flat half year result. In fact, revenue was down 4% from 1H20. + +A couple weeks later, they posted a market announcement titled, “*Nuix Responds to Market Commentary*.” In it they stated: + +>“Nuix re-affirmed its FY21 IPO prospectus forecasts when it released its 1H FY21 results on 26 February 2021. This guidance is based on its internal procedure including an in-depth analysis by the management team and its sales channel of current orders and sales pipeline.” + +&#x200B; + +[What could possibly go wrong?](https://preview.redd.it/7fo1ld85rl471.png?width=723&format=png&auto=webp&s=103b39e005b5e04642d39f0f1f6c79f16d083344) + +The market were apparently willing to give Nuix the benefit of the doubt too, but cautiously. The share price hovered in around the original IPO opening price for the next month. + +But then... + +**Downgrades** + +https://preview.redd.it/xzh1qmp7rl471.png?width=1353&format=png&auto=webp&s=561a82c517b4bebf5a413a76f1832a027a223a5a + +Only a month and a half later, Nuix posted another announcement regarding the FY21 forecasts. In it they revised their revenue, contract value, and EBITDA forecasts. + +Revenue was expected to take a knock of at least -4.5%. Contract values had been revised down potentially at much as -15%. Somehow despite all that Nuix seem to maintain that their EBITDA would grow (if only slightly), giving a forecast *higher* than what was given in the half year report. The top end of their EBITDA advice was $66.6m (can I just ask who would want to use that number in an estimate???). + +Needless to say, the market wasn't impressed. + +And then... + +https://preview.redd.it/5gv10a4arl471.png?width=1303&format=png&auto=webp&s=8b3e320768eec65906b9e34f6b9c8cfa62e48e1a + +The very next month they downgraded their position even further than before. + +Instead of expecting to see $193.5m in revenue as in the original 1H21 forecast, Nuix were now expecting it could be as low as $173m (-10%). Instead of $199.6m in annualized contract value, it was expected to be as low as $165m (-17%). A far cry from the previous market sentiment gunning for CAGR of +20-30%. EBITDA unchanged from the previous update, and despite all the rest, still somehow would be higher than FY20? + +**More Problems Brewing** + +Worse than the downgrades, was loss of trust. After stating their outlook in the 1H21 report, and then strongly reaffirming that again weeks later. They did a full reverse course in very little time at all. On top of that, they got their revision wrong? The second downgrade would have surely shaken the markets confidence in the management's competence too. + +This leads me to a perhaps more problematic thorn in their side. Nuix has been in a lawsuit with former CEO Eddie Sheehy. He had led Nuix for more than 10 years, and is credited largely for building the company to what it is today. During Sheehy tenure he was granted 453k options in the company, should it float on the public market. + +&#x200B; + +[Watch 22million shares disappear!](https://preview.redd.it/ejag4e2frl471.png?width=800&format=png&auto=webp&s=bb7ecc2b2ffe37fa47313cb8452d6455aa188348) + +Nuix claimed the options didn’t exist, as they expired 2012. But later acknowledged in a settlement that indeed Sheehy was entitled to them. However, then they have claimed that they are only worth 453k shares, which would leave Sheehy as the only person who was not included in a previous 50:1 split. Should Sheehy win on that front too, those options are worth 22.6million shares in the company. + +The problem is two-fold: + +* First of all, there is a question on whether the IPO properly reflected the value of those shares in its reports. This could mean a not insignificant dilution in the shareholding. The implications of this could also extend to any shareholder class action lawsuits that are now brewing. +* Secondly, those missing shares are a direct cost to the bottom line because Sheehy could claim loss of opportunity damages in his suit. He was prevented from selling the shares when they were at a higher price. Essentially, the difference in the value of the shares now from what they were at their all time high. At this stage, with the share having dived, those damages alone could cost Nuix over $200m. + +# The Outlook + +With downgrades of negative growth on the horizon, share price falling almost 80%, a former CEO suing for 265million worth of shares/damages, and potential shareholder class actions brewing over the seeming lack of transparency in the IPO. How could things look any worse for Nuix? + +Well, I have bad news... + +&#x200B; + +https://preview.redd.it/wifw3czjrl471.png?width=1537&format=png&auto=webp&s=0bb9f6d23739e4a8fc87b7a8757cb1b5a0e0a8e3 + +Recently, it was reported that the AFP is investigating potential issues revolving around the sale of options by Nuix's (now former) chairman. The options were cashed out for $80million just prior to the IPO. So slap that on to the heap of troubles, eh? The whole board might well get cleaned out when all is said and done. + +# The Verdict + +You know, it’s a real shame. Nuix at its core seems like a properly good Australian tech company. They have developed some pretty neat software that seems like it could be quite useful in the future. We are in an era where data is plentiful, and so using that data is all about being able to sort, search, and decipher it. Nuix had a great future providing an advanced software tool to facilitate that, and as such seemed to be on a trajectory to perform quite well for themselves. + +But with all these mounting lawsuits, investigations, and ultimately, possible damages. What will become of them? According to Nuix's FY20 report, they made about $25million in net profit after tax. So, my question is, where exactly are they going to find the cash to cover all of these potential costs? The grand total might end up being more than double their annual revenue. + +Somehow, I think the outlook is likely to get revised down again heavily. + +&#x200B; + +[If you could just go ahead and forget those forecasts, that would be great.](https://preview.redd.it/pjd0n9slrl471.png?width=734&format=png&auto=webp&s=f816c124539b49f7c53368fbe364c42e212c7dd7) + +How hard would it have been for Nuix to state the 22.6million shares on its books in the IPO and issue those shares to its former long-standing CEO? Surely he had earned the handsome windfall? Would it have made any real material difference in the value of the stock and company? I think not. + +Perhaps Nuix would have still lost ground a bit after the 1H21 results showed some headwinds, but more forthright advice about the outlook at that point would have maintained trust amongst its shareholders, and I think in the long term they could have shown their value and growth potential. After all, 2020 wasn’t exactly a normal year. + +Instead, Nuix is in a position now where the market seriously questions the integrity of the management. Does the market think going forward that they have shareholder interests in mind? The shenanigans Nuix appear to have played with Sheehy surely engender a sense of caution that they don't have anyone’s best interests in mind but their own. + +# The Target + +But if you are foolhardy enough to try to catch this knife, let’s try to look then only at the figures for a moment, and try to determine a reasonable entry price. The averages are not useful for a company that has grown as much as they have in the past few years, so I’ll concentrate my focus only on the FY21 forecasted amounts. + +&#x200B; + +[\*FY21 from latest forecast advise. NPAT estimated using FY20 &#37; ratio to EBITDA.](https://preview.redd.it/65bwy18qrl471.png?width=525&format=png&auto=webp&s=38c6b5146f8334d906ca649a155231be14f599d4) + +Working from these figures, we can estimate the following fundamentals: + +* SPS 55.8cents +* EPS 7.8cents +* BPS 82.8cents + +However, I am hesitant to use the book value in this case. I understand Tech companies typically hold less tangible assets, but under the circumstances I think it is perhaps more appropriate to stick with the conservative figure. This is especially relevant to any valuation, given that nearly three quarters of Nuix's equity is intangible (\~200m). Therefore, that leaves us with: + +* NTA 21cents + +Using the SPS and EPS, along with the NTA, we can arrive at the following prices: + +**Fair Value (FY21) – 86cents\*\*** + +**Target Price (FY21) – 64cents\*\*** + +\*\*It is very important to note that results of the lawsuits and investigations could heavily influence these values. As such, *any* entry price into NXL until all of those things are resolved is fundamentally flawed. + +# The TL;DR + +Nuix’s rise and fall on the ASX can only be described as meteoric. It may well end in a catastrophic explosion when the valuation hits the hard realities of its current circumstances. A company with a 20-year pedigree in digital forensic investigations, and having been used in some of the highest profile financial crime stories of the last decade, they have perhaps been caught up in their own story. + +After an exceptional IPO launch, Nuix rocketed. Since then, their repeated downgrading of FY21 forecasts has shaken the market's confidence in them. Furthermore, Nuix has come under intense scrutiny for its handling of a former long standing CEO’s options, potentially worth tens of millions of shares, and hundreds of millions of dollars. On top of that, their former chairman is now being investigated by the AFP. And there appears to be a shareholder class action on the horizon. + +One thing I have learnt in my analysis of this company and others is that management integrity is paramount. As we have seen with AMP, bad management can be very costly, even to the biggest and most established of companies. Once reputation is lost, it’s extremely difficult to regain. If you cannot trust management, how exactly do you value a company? And furthermore, how exactly do you expect to benefit from their actions, if they show themselves to be willing to operate without any integrity towards their shareholders at such a fundamental level? + +Perhaps Nuix have been wrongly characterized, and this whole sad episode will blow over in time. But at this point, there are a lot of burning questions to be answered. Personally, I would not touch Nuix at any price. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀 + +*I'd love to hear other's opinion on NXL* *and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*Currently on the Watchlist (rough order): TPG, RBL, CGF, URW, IPL, SXL, RFG, ASB* + +*Previous Editions of Catching the Knife:* + +1. [The Second Australian Company (AGL)](https://www.reddit.com/r/ASX_Bets/comments/ms53c0/catching_the_knife_the_second_australian_company/) +2. [The Daigou Milk Company (A2M)](https://www.reddit.com/r/ASX_Bets/comments/mxf4xu/catching_the_knife_the_daigou_milk_company_a2m/) +3. [The Largest Australian Energy Company (ORG)](https://www.reddit.com/r/ASX_Bets/comments/n1va2b/catching_the_knife_the_largest_australian_energy/) +4. [Amazon’s Bogan Australian Cousin (KGN)](https://www.reddit.com/r/ASX_Bets/comments/n7cpxk/catching_the_knife_amazons_bogan_australian/) +5. [Putting the Autistic Individual in AI (APX)](https://www.reddit.com/r/ASX_Bets/comments/ncm2on/catching_the_knife_putting_the_autistic/) +6. [The Australian Telecom Company (TLS)](https://www.reddit.com/r/ASX_Bets/comments/ni771f/catching_the_knife_the_australian_telecom_company/) +7. [The Company Formerly Known as an Insurance Co (AMP)](https://www.reddit.com/r/ASX_Bets/comments/nmvp0v/catching_the_knife_the_company_formerly_known_as/) +8. [The Largest Australian Salmon Farmer (TGR)](https://www.reddit.com/r/ASX_Bets/comments/ns2qb5/catching_the_knife_the_largest_australian_salmon/)