diff --git "a/reddit_finance_43_250k_140.txt" "b/reddit_finance_43_250k_140.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_140.txt" @@ -0,0 +1,10000 @@ +I need some advice and clarification on this. So, quick backstory on the matter. My mom filed for bankruptcy 5 years ago (the kind where her wages were garnished for 5 years until what was owed was paid off). It's been about 8 months since her garnishments ended and is able to start over with a clean slate. + +However, she's got it in her head that she needs to buy a house...with no down payment and after just finishing dealing with a bankruptcy. I think this is a terrible idea. I asked her how is she going to afford expensive home repairs if she has no money? She said that she's just going to buy the warranties available when buying the house. + +Now, because her credit is now back to zero, she's not going to be able to get a loan for the mortgage. Her lawyer (or whoever handled the case for her) told her that a good way to get some credit back quickly is to have her name added to a credit card of someone with good credit. That way she builds up credit and then she can apply for the loan. That's when she called me. + +Basically, she's asking if I can add her name to my credit card as an authorized user. She will not have access to my bank account, credit card, or anything like that. It's basically just a way for her to build credit based on my own purchases. + +I asked her if when she applies for the mortgage, if it's my credit that gets used if I do this, she says no. I plan on calling my bank tomorrow about this since the credit dept. doesn't work weekends. But considering my mom's history with bankruptcy and huge amounts of credit card debt in the past, the idea of sharing my credit with her in general makes me uneasy. I love my mom, but I think the fact that she even has to ask for her daughter to share her credit with her after a bankruptcy to buy a house means that she shouldn't be buying a house. I sort of tried insinuating that she shouldn't, but she's stubborn. + +Is there any way that this will hurt my own credit by adding her name to my credit card in order for her score to go up until she's ready to apply for a home loan? She has again told me that she will not be using my name or credit when applying for the home loan, that this is merely so her own credit score will go up so she can apply for the loan when her score has gone up some after some months. Please advise! + +**Edit: I talked to my mom and told her I didn't feel comfortable. I asked what her other options were and she said that they can check her rental history of the last 2 years for any late payments, etc which I know she'll be fine on that front; she's always made her rent on time, every time. I feel bad about it because I don't want her to think I don't want to help her, but just combining bank/credit anything, even if it doesn't affect me in this context, makes me uneasy. I hope she understands. +I have been trading calls/puts on GME during the quick rise and fall lately and today is mind blowing. Surely this has to be a bloody hedge fund covering a massive positions to excersise but why not scalp the premium? Honestly, this is just odd as how deep itm they were purchased. + +https://preview.redd.it/fn5kxymumh471.png?width=1280&format=png&auto=webp&s=32a92816ece91820163e394a98d07e1280a98de0 + +https://preview.redd.it/5odukj8wmh471.png?width=1270&format=png&auto=webp&s=2d21988626b8046ffce0600c532dcee623ee43cd + +https://preview.redd.it/fse4dkrwmh471.png?width=1276&format=png&auto=webp&s=61a38433e75a1ca34bb72b98d1434d4b895f6d60 + +Edit : I bought the 06/18 210p's yesterday and am up 250% atm but bought the 06/18 340c's today. The stock has dropped $50 since I purchased the 340c but it is not losing value and only making more money as the stock drops haha fun times to be trading +Gday all, with the market closed today i've found myself with an attention span that lasts longer than 30 seconds, so I thought I would give this DD thing a try on a company i reckon has serious 🚀🚀🚀 potential. First up to bat: Vintage Energy (VEN). + +**Market Cap:** $46,480,000 + +**Last Traded Price:** $0.077 (Note: Price just before March crash was approx $0.18) + +**The Company:** Established in 2015 and listed on the ASX in 2018, Vintage Energy is a natural gas company based in Adelaide that focuses on opportunities arising from an emerging energy and gas supply crisis in eastern Australia. The company has interests in projects in the Otway Basin, Galilee Basin, Bonaparte & Perth Basin, and Cooper Basin, however it currently produces no gas and therefore has no revenue, and no dividend. + +**Company Management:** + +* *Very strong and experienced management.* Reg Nelson is Chairman of the board. Who? Only the former Managing Director of Beach Energy, who over 23 years took Beach from near-bankruptcy to an ASX 200 company with a market cap (in 2019) of $1.5 Billion. He was also previously the Director of Mineral Development for the State of South Australia, and a Director of the Australian Petroleum Production and Exploration Association for 8 years. The man lives and breathes petroleum. The managing director Neil Gibbons is also highly experienced with 35 years in the industry, and was formerly Chief Geophysicist and then CEO at Beach Energy, so has a great relationship with Reg. +* *Insider buying.* In the past 12 months Reg Nelson has increased his holding in VEN by 63% (total holding now worth $1.2M), and Neil Gibbons increased his holding 49% (total holding now worth $1.03M). A couple of other non-executive directors have also been buying. From what I have access to on Lincoln Stock Doctor, no director selling has occurred since March 2019. + +**Why would I buy into a gas company that produces no gas?** + +Because this is about to change. In January 2020 Vintage struck gas in the Cooper Basin with their Vali-ST1 well. Independently certified P2 estimates of 16.6 petajoules were reported for the Reserve. IA development concept for the Vali Field has been completed and estimates a field life of around 20 years, with up to nine fracture stimulated vertical wells to target production from reservoirs in two separate formations. The first two wells in the program are planned to be drilled in the first half of 2021, subject to regulatory and joint venture approvals. A pipeline will then be constructed to supply gas to the market. + +The company notes the following: + +*Operating costs are expected to be low, with well integrity and facility integrity testing part of variable operating expenditure and adjusted based on the number of wells. The field itself will be automated as much as possible to reduce costs through the elimination of the need for permanent field operators.* + +Production at the Vali site in 2021 should be enough to spark further share price growth this year, regardless of their other projects. Solid announcements for their other exploration projects would only be a bonus. + +**Other reasons why i like the company** + +* The company is still down 58% from its recent highs in March 2020. As the oil & gas sector recovers over the coming year with COVID vaccinations happening and the wider economy recovering, i suspect VEN will be lifted with it. +* Concerns exist about possible gas shortages in the next four years in the Eastern Australian market. Potentially for higher gas prices in the future and therefore higher profitability. Read [this article](https://www.afr.com/companies/energy/gas-shortages-could-hit-vic-by-2024-aemo-20200326-p54e91) for more on this (noting this is from March 2020). +* *Broker Recommendations:* Lincoln Stock Doctor gives a consensus valuation of $0.129 based on 2 broker recommendations, suggesting 40% undervaluation. + +**What I don't like about the company** + +* Reg only holds 3% of shares on record and Neil Gibbons has 1.4%. I'd like this to be more, however I'm guessing they've had to dilute their original holdings to raise capital. +* Capital raisings... always a risk, and more of an inevitability with small O&G firms like this. High possibility of more capital raisings before production has been achieved at the Vali well. + +**My entry** + +Given the strength of management, the depressed share price and recent successes, I'm comfortable opening a 5% position in VEN. Entered at 0.077 on 20/01/2021. Planning on holding for at least a year. Price target is 0.18 (pre-covid high). Stop loss at 0.062. + +Feel free to rip this DD to shreds, in fact i would love it if you did. I'd also love it if any technically minded people out there can tell me how much 16.6 petajoules of gas is worth on the Eastern Victorian market, after putting in an estimate for cost of supply per gigajoule. + +Happy hunting boys 🚀🚀🚀 +Gday all, with the market closed today i've found myself with an attention span that lasts longer than 30 seconds, so I thought I would give this DD thing a try on a company i reckon has serious 🚀🚀🚀 potential. First up to bat: Vintage Energy (VEN). + +**Market Cap:** $46,480,000 + +**Last Traded Price:** $0.077 (Note: Price just before March crash was approx $0.18) + +**The Company:** Established in 2015 and listed on the ASX in 2018, Vintage Energy is a natural gas company based in Adelaide that focuses on opportunities arising from an emerging energy and gas supply crisis in eastern Australia. The company has interests in projects in the Otway Basin, Galilee Basin, Bonaparte & Perth Basin, and Cooper Basin, however it currently produces no gas and therefore has no revenue, and no dividend. + +**Company Management:** + +* *Very strong and experienced management.* Reg Nelson is Chairman of the board. Who? Only the former Managing Director of Beach Energy, who over 23 years took Beach from near-bankruptcy to an ASX 200 company with a market cap (in 2019) of $1.5 Billion. He was also previously the Director of Mineral Development for the State of South Australia, and a Director of the Australian Petroleum Production and Exploration Association for 8 years. The man lives and breathes petroleum. The managing director Neil Gibbons is also highly experienced with 35 years in the industry, and was formerly Chief Geophysicist and then CEO at Beach Energy, so has a great relationship with Reg. +* *Insider buying.* In the past 12 months Reg Nelson has increased his holding in VEN by 63% (total holding now worth $1.2M), and Neil Gibbons increased his holding 49% (total holding now worth $1.03M). A couple of other non-executive directors have also been buying. From what I have access to on Lincoln Stock Doctor, no director selling has occurred since March 2019. + +**Why would I buy into a gas company that produces no gas?** + +Because this is about to change. In January 2020 Vintage struck gas in the Cooper Basin with their Vali-ST1 well. Independently certified P2 estimates of 16.6 petajoules were reported for the Reserve. IA development concept for the Vali Field has been completed and estimates a field life of around 20 years, with up to nine fracture stimulated vertical wells to target production from reservoirs in two separate formations. The first two wells in the program are planned to be drilled in the first half of 2021, subject to regulatory and joint venture approvals. A pipeline will then be constructed to supply gas to the market. + +The company notes the following: + +*Operating costs are expected to be low, with well integrity and facility integrity testing part of variable operating expenditure and adjusted based on the number of wells. The field itself will be automated as much as possible to reduce costs through the elimination of the need for permanent field operators.* + +Production at the Vali site in 2021 should be enough to spark further share price growth this year, regardless of their other projects. Solid announcements for their other exploration projects would only be a bonus. + +**Other reasons why i like the company** + +* The company is still down 58% from its recent highs in March 2020. As the oil & gas sector recovers over the coming year with COVID vaccinations happening and the wider economy recovering, i suspect VEN will be lifted with it. +* Concerns exist about possible gas shortages in the next four years in the Eastern Australian market. Potentially for higher gas prices in the future and therefore higher profitability. Read [this article](https://www.afr.com/companies/energy/gas-shortages-could-hit-vic-by-2024-aemo-20200326-p54e91) for more on this (noting this is from March 2020). +* *Broker Recommendations:* Lincoln Stock Doctor gives a consensus valuation of $0.129 based on 2 broker recommendations, suggesting 40% undervaluation. + +**What I don't like about the company** + +* Reg only holds 3% of shares on record and Neil Gibbons has 1.4%. I'd like this to be more, however I'm guessing they've had to dilute their original holdings to raise capital. +* Capital raisings... always a risk, and more of an inevitability with small O&G firms like this. High possibility of more capital raisings before production has been achieved at the Vali well. + +**My entry** + +Given the strength of management, the depressed share price and recent successes, I'm comfortable opening a 5% position in VEN. Entered at 0.077 on 20/01/2021. Planning on holding for at least a year. Price target is 0.18 (pre-covid high). Stop loss at 0.062. + +Feel free to rip this DD to shreds, in fact i would love it if you did. I'd also love it if any technically minded people out there can tell me how much 16.6 petajoules of gas is worth on the Eastern Victorian market, after putting in an estimate for cost of supply per gigajoule. + +Happy hunting boys 🚀🚀🚀 +Preface: + +TLDR conclusion @ bottom. Also I like to keep my posts short and to the point, this post is rather dense, I expect you to know/read up on other DD such as RegSHO, C+35, FUTURES, DOOMP Swaps. + +**Edit2** (if 2 lazy 2 scroll): + +* Depends on ***Inclusion to the Threshold Securities List*** + * [http://www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold](http://www.nasdaqtrader.com/trader.aspx?id=RegSHOThreshold) + * [https://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm](https://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm) + * [https://www.sec.gov/rules/final/34-50103.htm](https://www.sec.gov/rules/final/34-50103.htm) +* Exact date when a security is added VARIES on surrounding FTDs in a +-5 day radius. It's actually very hard to get on the list because that's 5 days of sustained FTD activity. +* When in doubt Buy, HODL, DRS (with reputable agent). + +# Initial inspiration here: + +[ https:\/\/www.reddit.com\/r\/Superstonk\/comments\/pntbyt\/put\_2\_and\_250m\_together\_if\_theyre\_expecting\/](https://preview.redd.it/ucsuif3ep1o71.png?width=731&format=png&auto=webp&s=7a48494c13f7dbaaab1f8cffea4e3dede4fd70a7) + +The **250M 5-day glitch** is weird, really weird: + +[https://www.reddit.com/r/Superstonk/comments/pnzf76/peaking\_behind\_yahoo\_curtain\_analyzed\_past\_year/hcwul4o/?context=3](https://www.reddit.com/r/Superstonk/comments/pnzf76/peaking_behind_yahoo_curtain_analyzed_past_year/hcwul4o/?context=3) + +u/gherkinit prior predicted an estimated \~190M was due this quarter, possibly in a form of futures. Now it's one thing to claim \~190M after the glitch, but to predict \~190M then a "perfect," glitch leaks the perfect number of official float + prediction? That's god lvl prophecy right there. + +&#x200B; + +**Getting away with hiding FTDs in volume and trying to understand why C+35 failing:** + +We know the FTD creation on T+2 after settlement is unavoidable. This is seen in FTDs reported for prior options expiration, but they're always able to claim they Delivered because the volume for those days was more than the FTDs. + +Claiming 75% of Aug-6th daily volume was covering without moving price - BOLD, but foolish. What They did with the FTDs afterwards, the market gods will reveal one day during the MOASS. + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/pg7xsx\/sooo\_about\_those\_1\_million\_ftds\_on\_august\_6th\_did\/](https://preview.redd.it/3a3z84syp1o71.png?width=960&format=png&auto=webp&s=d51e028923d3702771e63f3661473d0d92d832ff) + +**The Numbers have to be JUST right to catch them undeniably fibbing.** + +1. Gamma ramp adds unhedged OTM calls to ITM. (figure out extra gamma\_volume needed) +2. Calculate daily\_volume - gamma\_volume, if negative GREAT those must be FTDs on T+2 (the following Tuesday) otherwise they lied about volume. Which is why we see quarterlies. +3. These FTDs created on T+2 then need to be rolled by C+35. + +You can read up on C+35 regulation here: (though application is likely wrong based on evidence) + +[https://www.reddit.com/r/Superstonk/comments/o155a6/t35\_is\_the\_one\_true\_cycle\_evidence\_to\_back\_my/](https://www.reddit.com/r/Superstonk/comments/o155a6/t35_is_the_one_true_cycle_evidence_to_back_my/) + +Actually C+35 has actually never worked as intended with FTD cycles, despite regulation saying otherwise. We've counted C+35 over the FTD data and we never see the proper corresponding volume 35 days after creation - *myself included.* + +BUT the question begs - Despite all the FTDs, why hasn't any of the C+35's played out as indicated by regulation? Answer: They've avoided threshold list, the **one** reprieve from naked shorts. + +**We're no stranger to manipulation, this has been hidden through all the loopholes we've discovered (read up on others DDs)** + +As Fact it's preposterous on Aug 6 (mentioned above) 75% of entire day's volume was dedicated to closing without price change. This would only be possible through a predetermined wash sale between two parties a form of collusion. while no one else was allowed to trade that day. This we know to be total bullshit - the Daily Finra reported inter-brokerage volume for that day indicated over half the volume was over 50% short, meaning *there had to be at least an* ***additional*** *net naked short position that day* in the system as a whole **not** a closure of FTDs. + +No, they're hiding the FTDs and there's many "kicking the can" DD's out there on resetting the FTD cycles. + +This manipulation through naked shorting, has been around long before January's events. Which got me looking into prior + +**Under Market maker's manipulation:** + +* C+35 is never a threat to them since they're not required to actually close the position if they are allowed to cover them. +* FTDs can also be covered (not closed) if not on threshold list, thus forever naked shorting. + +**So with all the manipulation and fuckery and hiding, what made January sneeze possible?** + +&#x200B; + +# We actually know what caused the sneeze. Threshold list. Or at least that's what they want you to think was the whole story. + +[https://news.ycombinator.com/item?id=25914503](https://news.ycombinator.com/item?id=25914503) + +[https://realsafebet.medium.com/the-nyse-threshold-list-collapsing-shorts-and-launching-the-moass-3b1f667a77ea](https://realsafebet.medium.com/the-nyse-threshold-list-collapsing-shorts-and-launching-the-moass-3b1f667a77ea) + +[https://www.reddit.com/r/Superstonk/comments/oadcb3/i\_made\_these\_charts\_illustrating\_occurrences\_of/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/oadcb3/i_made_these_charts_illustrating_occurrences_of/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +# The other half of the story is Futures: + +[ https:\/\/www.cmegroup.com\/trading\/equity-index\/rolldates.html](https://preview.redd.it/smfg4bj1q1o71.png?width=739&format=png&auto=webp&s=28ed0561a94e493c47cd3632972cd19e243be1aa) + +Neither Idea is all too new to superstonk (as covered by u/criand et al.): + +[https://www.reddit.com/r/Superstonk/comments/pb22oj/the\_puzzle\_pieces\_of\_quarterly\_movements\_equity/](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/) + +[https://i.redd.it/bol3hilmxsk71.png](https://i.redd.it/bol3hilmxsk71.png) + +[https://www.reddit.com/r/Superstonk/comments/ppqrag/no\_way\_out\_hedgies\_buckle\_the\_fuck\_up\_2\_pics/](https://www.reddit.com/r/Superstonk/comments/ppqrag/no_way_out_hedgies_buckle_the_fuck_up_2_pics/) + +However Despite both theories being present and deeply looked at at the same time on this sub, little overlap connections have been made. Whether this is intentional of shill social engineering to prevent retail from catching on, or perhaps this is the inevitable breakthrough that bound to happen - lets look at the overlap of the two mechanics in concert with each other. + +&#x200B; + +**Lets look at FTD timeline:** + +Furthermore, this theory relies on not just 2021 data but is VALIDATED by last year's 2020 September run up to January! Look, this Happened the Tuesday following Futures expiry of September of last year. + +[https://wherearetheshares.com/](https://wherearetheshares.com/) + +* 9-18-2020 Futures Expiry +* 9-22-2020 T+2 settlement failure FTD creation +* 9-23-2020 Threshold inclusion on Wednesday following FTD creation. + +[ https:\/\/wherearetheshares.com\/](https://preview.redd.it/0b382uz3q1o71.png?width=1107&format=png&auto=webp&s=ddee08ac1d5676e372b7e18e7ffaab2fedf85908) + +You can even match the above events to price/volume movements of late 2020. Every Threshold related action that removed naked shorting positions allowed the price to be reflected in demand. + +[2020](https://preview.redd.it/c2ctibl6q1o71.png?width=1279&format=png&auto=webp&s=445a6422679b7df12624a582e9a062ebec9ce865) + +# Now the problem has SNOWBALLED due to NO FAULT of retail this entire year due to FTD manipulation by the DTCC. A 190M snowball. So once again see if they can claim 190M FTDs.. ... + +Want proof? Do you remember that Yahoo (but really multiple source: alphavantage, stockanalysis) "glitch" mentioned earlier? Did you notice what date it was on? **The day after rollover 9-10-2021.** Additionally, I detected an anomaly in Yahoo's reported number indicating the Monday "fix" is actually fabricated. + +float source: + +[http://web.archive.org/web/20210910124841/https://finance.yahoo.com/quote/GME/key-statistics?p=GME](http://web.archive.org/web/20210910124841/https://finance.yahoo.com/quote/GME/key-statistics?p=GME) + +anomaly DD: + +[https://www.reddit.com/r/Superstonk/comments/pnzf76/peaking\_behind\_yahoo\_curtain\_analyzed\_past\_year/](https://www.reddit.com/r/Superstonk/comments/pnzf76/peaking_behind_yahoo_curtain_analyzed_past_year/) + +&#x200B; + +**A look at the play this year:** + +[2021](https://preview.redd.it/851y800bq1o71.png?width=1307&format=png&auto=webp&s=57d7f13237bfe8918bef8399fbc7fbd2923feb7a) + +Notice they've been able to kick futures by paying premiums to the counter parties. But on 9-9-2021 there was no run up. Just a tiny bump on no volume. This is parallel to what happened last year in September. + +* A partial premium roll +* Failure to deliver securities on Futures Expiry +* FTDs T+2 following settlement +* Threshold List activation +* Minor run up on T+13 Consecutive day on Threshold List +* FAILURE TO CLOSE ON T+13 -> STILL ON THRESHOLD +* **C+35 after FTDs generated,** ***while on threshold,*** **becomes the world's problem.** + +So now I'm in the same boat with u/gherkinit, this is 100% futures driven. And the future's party members (the DTCC members) inability to deliver shares. + +However I do **NOT** believe the closing of positions will happen all at once, I doubt anything will actually happen on quadruple witching, as pointed out by "A User." DO NOT BUY *WEEKLIES*. + +[ https:\/\/www.reddit.com\/r\/Superstonk\/comments\/ppqrag\/no\_way\_out\_hedgies\_buckle\_the\_fuck\_up\_2\_pics\/](https://preview.redd.it/0xv6y07gq1o71.png?width=640&format=png&auto=webp&s=3ab52288863dd1a26bbb5c0f1219ccd41a40913e) + +These degenerate bad actors will only close out positions if **FORCED** to, such as through RegSHO, and being included in the threshold list. This gamma ramp non-sense is rather silly, they're also in the business of shaking out as many retail as they can before they close. So expect a ride much more similar to last year's September run up, but much more explosive near the end. Sideways until threshold list activation. + +**A Rant:** + +This FTD Process is not just neglect, but it's the continual denial of delivery and hiding evidence of the FTDs, this is straight up malicious. This process has only made the situation worse. Likely when C+35 is finally active during Threshold, it's going to rope in banks - This process of kicking FTDs is literal financial terrorism. + +If I had to guess what Kenny is doing every quarter, he's flying around and paying his counter party roll over premiums, not to report futures agreements, and not to trigger MOASS. He is brick-by-brick bankrupting himself and shitadel by paying Futures roll-over premiums off digital exchanges. **The ultimate dark market.** + +Some collection of counter parties out in the world wants 190M GME shares delivered to them (mostly Apes and other funds). Effectively, Kenny is choosing to enslave a Market Maker to these parties rather than pay up and deliver. This is no way to run a national economy. And the longer this plays out, the worse situation becomes. **For Fuck sakes the leak on it's own dwarfed the official January numbers. We're not going away.** + +The MOASS must take place. After the squeeze is over, no one will be indebted anymore, this FTD silliness must stop. + +# In Conclusion: Watch for Threshold Inclusion. + +https://preview.redd.it/bms3q06mq1o71.png?width=500&format=png&auto=webp&s=b2ea1fd9527f476bf838153629e91ffce860aa54 + +**DD even if not 100% correct brings discussion and eyes to the problem that is NAKED SHORT SELLING. APES need to continually build up the vault of evidence to end naked short selling once and for all!** + +# "Leverage bankrupts institutions, Naked shorting bankrupts nations." + +To the above paraphrased quote: MOASS is a must and inevitable, it'll make the nation stronger once we remove naked shorting (literal fraud) from existence. This will restore balance to Supply and Demand. + +&#x200B; + +========================================================== + += Concerns and comments: + +========================================================== + +I'll try to provide edits/updates to reference material down here like an appendix. but I expect other apes to help each other out with questions first. + +&#x200B; + +**edit1, FAQ:** Regarding why I believe the lack of run up is indication of liquidity problems. + +# The industry/system behaves as if it's built around FTDs. + +Last September, the DTCC members were faced with a choice of delivering on expiry -OR- hoping parties don't execute (HODL) and instead defer to the FTD decision the following Tuesday (T+2). The latter risks placing GME on the Threshold List, which as we can tell has been their number#1 nightmare of avoidance since January. There's only 2 reasons they wouldn't try to close partially this time. + +1. They've already closed - we know that's a load of crap +2. They don't have the liquidity << My opinion. + +This is similar to London's Gold Fixing, HOWEVER, unlike London's cartel, instead of arbitrating prior to closing and shifting spread to reflect supply and demand (which is one level of manipulation). The DTCC is deciding to arbitrate AFTER expirations become FTDs. They wait for FTD data to come in from around the market first, then decide what to *intentionally* fail and what to deliver. + +This is delayed ~~trading~~ execution - is 100% fraud (counter-trading on delayed deliveries) effectively allowing a decision to be made post-expiry on T-2(minus) retroactive execution. And since the SEC allows this to happen, this has become the standard to build the industry around FTDs. Letting failures pile up. + +# Letting failures pile up - The New American Way? + +[Is this how you lead the world? This is America's greatest achievement?](https://preview.redd.it/rcwnk4jri2o71.png?width=500&format=png&auto=webp&s=c4ddb07c0b4a266f972df8b0a6438dbd3fcfe6d7) + +PS... I can understand why Ryan Cohen - a man who prides himself on 2-hour deliveries would be affront to this situation. + +&#x200B; +Hey there, I'm a physics college student from Spain and I'm pretty sure my future in the job market will be on one of the markets I named in the title. Given that, what are the best places in the EU for such jobs? Taking into account salary but also cost of living, benefits, taxes, etc. Thanks! +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. +There are a lot of posts on here about young 25-35 year olds with bank accounts which would lose them friends, and this leaves the people who are getting to the game later in life disheartened. + +For those of you who are starting your FIRE journey at 40, I have a success story to share with you. It’s not pulling yourself up by your bootstraps or making $200k/year, it’s simply getting in the mindset, getting in the groove of saving and working towards a goal. +My parents never called their financial goals FIRE, but they did exactly what we’re all here for without the name. The kicker and point of this story is that my father didn’t start his career until he was 38 years old. + +* 1977: At 21 my dad got married and was barely scraping by his biology classes at a small east coast school. + +* 1983: his relationship was a mess. He had jobs ranging from working in a leather tannery, to working in a lab, but he needed a change. He divorced and moved to Michigan to follow his passion of being a professional photographer. + +* 1990: working at a retail photography store and shooting weddings on the weekends didn’t allow him to have a family and was not going to allow him to retire at any age. He applied to the local state school for a grad degree. + +* 1993: He was now 38. He had no savings, just a car and a masters in industrial health and hygiene. He got remarried to my mom and I was born 9 months later. Starting this family really set him into overdrive; he wanted to retire at a normal age, but he was starting from square one. + +He found that the most lucrative thing in his field (environmental) wasn’t the science but the business side. He walked into consulting firms and told them they needed a dedicated sales person for their office. One office took him on and offered him a six month trial period to see how he did. They didn’t pay him much but it was a foot in the door. After those first six months they offered him a full time position. + +He continued in the field for the next 25 years, building a client base which he would take with him if he changed jobs. The problem is he was pure overhead at these companies, and there’s not much room at environmental companies for overhead. He got cut from jobs probably every five years on average, so it was high stress, but it was better money than even the engineers at the companies made. + +His hobby of classic cars also doubled as his side-gig, and he sold car parts on eBay for fun. + +A necessary note to add here is my mom was a SAHM until the early 2000s when she started her own business which did fairly well at providing additional income. + +**He retired at 60 in 2016, 22 years after starting his career.** He put three kids through college. His income by the end was $110k-$130k. + +He has told me how jealous he is that I got a real financial education and I started saving 20 years before he did – a sentiment I’ve seen on here as well. His statement on money which has stuck with me is: **“It’s not about how much you make, it’s about how much you keep.”** + +Being diligent about spending money on needs and experiences rather than things allowed a 40 year old to retire in 20 years. Use all the financial tools available to you and never for one second believe that you started too late and you’ll never retire. + +I'm trying to understand why one would want to sell part of a portfolio (4% or whatever per year) instead of just using a secured loan against those assets (for instance, Interactive Brokers does very low interest rates like 0.5% over 1.4M and still under 2% for smaller portfolios. Schwab has a pledged asset line program that has low interest rates too). It seems better to accept a 2% downside on 4% (if that's what you withdraw than to convert to cash and lose the 4% each year) +I mean, we are consistently told by finance gurus to take responsibility for our financial wellbeing, save for deposits, pay off the mortgage, don't get credit cards, invest wisely, buying you freedom. + +And many people do follow this advice but the reality is, if everyone in Australia tomorrow "took responsibility", the economy would borderline collapse? Or would it not? + +Doesn't the economy, share market etc rely on people mindlessly spending / impulse purchasing at K Mart, JB hi-fi, car yards, Apple Store etc? + +So really, in theory the government wants us to look after ourselves (Moneysmart websites etc) but in actual fact they need us to spend as much as we can? + +Thoughts? + +EDIT: The general consensus is that without consumer spending. The economy collapses, we all lose our jobs. Our homes and it's lights out. + +So I guess what's the solution? We just accept people need to live their lives behind the financial 8 ball forever? For the good of the economy? Financial literacy / can only work for a small portion of people in the population at a time? As long as you're good with money but no one else is, there is prosperity for you? + +Seems the system needs people to spend + work forever or capitalism dies off? +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) Last ban length: 1,048,576 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +I never thought this day would come! But we received an email this morning saying they are going to begin furloughing. We close on our house June 12. Not sure what to do... it’s not for sure they will choose my division in sales first! +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. +[https://colab.research.google.com/drive/1--LJeV\_bRaYZZoZNJro4LJ79hKaHpXpZ](https://colab.research.google.com/drive/1--LJeV_bRaYZZoZNJro4LJ79hKaHpXpZ) + +&#x200B; + +Caveat: + +* Many models do not converge +* Up to you to create a trading policy out of the predictions +* Big [difference](https://1drv.ms/w/s!AjyO2n0Jmhakg9RKt17ZoBFNEfRsxw) between supervised learning and reinforcement learning process. + +&#x200B; + +If you are interested in industry machine learning for python, feel free to sign up to my newsletter: [https://mailchi.mp/ec4942d52cc5/firmai](https://mailchi.mp/ec4942d52cc5/firmai) +**This is not financial nor investment advice. These are ideas and opinions for information purposes only.** + +*This post will read bottom to top. It's easier for people to refresh the page and see edits at the top* + +**Historical supports and resistances:** + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 156.5, 162.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256.5 + +**Edit 21 4:09PM:** + +Have a good weekend everyone! Treat yourself, have a good break, you deserve it! It's been a long week of boring sideways and downward movements. Super low volume all week. I hope we get a good show next week! + +**Edit 20 4:03PM:** + +Ending around 158.32, down -7.01%. I'm expecting some action next week, nearing the apex of the triangle wedge. + +**Edit 19 3:38PM:** + +Ending around the 156.5-162.5 channel. + +https://preview.redd.it/n58tzfzoa7s61.png?width=2141&format=png&auto=webp&s=f746ff02fed687a70756e0a00d5ff7b918534edc + +**Edit 18 2:56PM:** + +Will be back for power hour soon. + +[https://www.youtube.com/watch?v=0\_acvHjU8SQ&ab\_channel=WardenElite](https://www.youtube.com/watch?v=0_acvHjU8SQ&ab_channel=WardenElite) + +**Edit 17 2:12PM:** + +Great summary of the current ongoing battle: + +https://preview.redd.it/xxg2zv1av6s61.png?width=1808&format=png&auto=webp&s=0a0616fdefbfbb043a171108dc65c9fd31339920 + +**Edit 16 1:58PM:** + +Raw beta -0.8, adj beta -0.2. + +**Edit 15 1:30PM:** + +160 strike puts keeping the price low. + +[https:\/\/www.optionsonar.com\/unusual-option-activity\/GME\/latest-trades](https://preview.redd.it/kcrz8hxpn6s61.png?width=2459&format=png&auto=webp&s=e354ef24d4b07b4f79810eccaf0fb8fb82b12368) + +**Edit 14 1:17PM:** + +Checking Bloomberg Terminal. Institutional ownership actually up 3%! we've gone up this week from 131% to 142%! + +Retail ownership has also gone up! The buy sell ratio was really high through this month. + +**Edit 13 1:13PM:** + +A fade is when volume does not support price trend. It's a sign of manipulation. Here we see the volume is not increasing as the price is decreasing. This is a sign of shorting and artificial price suppression. Nothing to see here folks. Buy and hold, diamond hands. + +https://preview.redd.it/3sf4rnqok6s61.png?width=2135&format=png&auto=webp&s=4a92942cd9193973c99af1f14ef767fa3777f00e + +**Edit 12 12:48PM:** + +Puts dragging the price lower. I'm holding. + +https://preview.redd.it/wdc1hyh9g6s61.png?width=2465&format=png&auto=webp&s=9b25181dcf407851ad3713670d436f508e10cc06 + +**Edit 11 12:42PM:** + +What is this crazy OI for the VIX? Hedge against a market crash? + +https://preview.redd.it/lucw5ai8f6s61.png?width=1167&format=png&auto=webp&s=a88d10e26ef320b9eedce8638f9834593ac902e8 + +**Edit 10 12:24PM:** + +Dip happening a bit lower than 162. Next support is around 156.5. + +**Edit 9 11:44AM:** + +Scratch that, those puts are smack in the middle. No idea if they were bought or sold. + +https://preview.redd.it/utwndklu46s61.png?width=2280&format=png&auto=webp&s=46c16871d24df69daaac8602d98f62bc64cdc7aa + +**Edit 8 11:41AM:** + +Those puts were mostly sold. Overall bullish options activity. + +[https:\/\/www.optionsonar.com\/unusual-option-activity\/GME\/latest-trades](https://preview.redd.it/oftdqd3c46s61.png?width=2452&format=png&auto=webp&s=0825e569ba1d1f073d73bfa838299b7a9ea22646) + +**Edit 7 11:18AM:** + +IV rounding off again. I'll be back on stream at 11:30am EDT. [https://www.youtube.com/watch?v=VQv9g-EwIVM&ab\_channel=WardenElite](https://www.youtube.com/watch?v=VQv9g-EwIVM&ab_channel=WardenElite) + +https://preview.redd.it/01mjbl3b06s61.png?width=2117&format=png&auto=webp&s=e141fadbdb67c2b6ae1c93e1f80560141848b917 + +**Edit 6 10:57AM:** + +It seems the bounce earlier today seems to confirm the diagonal support outlined in red. Looks like the wedge is almost done forming. The Apex is projected to be formed early next week. + +We can expect the price to bounce more within this triangle before the breakout. I believe there is a good amount of upside left for today. + +https://preview.redd.it/s63xv2fgw5s61.png?width=2140&format=png&auto=webp&s=d5e87f1569ef7bda8a1ed380f2767852b422ffd2 + +**Edit 5 10:40AM:** + +Options look mostly bullish. Not a ton of orders have been put in yet. Mostly small to moderate side orders. + +[Data courtesy of https:\/\/www.optionsonar.com\/unusual-option-activity\/GME\/latest-trades](https://preview.redd.it/aexfn4odt5s61.png?width=2497&format=png&auto=webp&s=a0872ae92ca2cc62358c1298e3e5ede5f47a1eaa) + +**Edit 4 10:38AM:** + +This midterm is actually super chill. I'll be done soon. GME trading sideways tangling around VWAP right now. + +**Edit 3 9:53AM:** + +Nice little local dip at 9:49am. It could still go lower around 162.5. + +https://preview.redd.it/8j4ophn4l5s61.png?width=2138&format=png&auto=webp&s=e2d8506ff53a805d3c34f45d498fcaba931b6571 + +**Edit 2 9:34AM:** + +We can expect a dip today as a result of the low volume, perhaps around 9:40-10:15am. Let's find out. + +**Edit 1 9:33AM:** + +Low volume first minute candle, around 200k. + +https://preview.redd.it/5r2ti43ih5s61.png?width=2126&format=png&auto=webp&s=5e7c4b3238f4a99aff25208bcd9adc2928a98f2a + +# Begin Reading Here + +Gooooooood morning my beautiful silverback apes! + +We're playing the waiting game now. The record date is 4/15 and a potential catalyst is a share recall between now and the 15th. + +I expect we'll some noise next week, but for this Friday, I do not expect a squeeze to start. + +I'm streaming in 2 parts today since I have a midterm from 10am EDT to 11:30am EDT. So Part 1 will come before 10am, [https://youtu.be/h-JGcY2Ttyg](https://youtu.be/h-JGcY2Ttyg), and part 2 will be after 11:30am. I'll post a link when Part 2 is ready. + +# Premarket Analysis + +We're barely down in the premarket. Gapup at 4am followed by a move down. There's no unusual volume in the premarket, so something tells me that today might be another low volume day. + +https://preview.redd.it/0j0qyhnff5s61.png?width=2142&format=png&auto=webp&s=dbbd3804a821fc99e8b5ddaeefee0542cf4eb73a + +The broader market is starting in the red today. + +https://preview.redd.it/iwnke0gof5s61.png?width=290&format=png&auto=webp&s=21f119132a972e018b87fc367630732b60ce5f2d +**This is not financial nor investment advice. These are ideas and opinions for information purposes only.** + +*This post will read bottom to top. It's easier for people to refresh the page and see edits at the top* + +**Historical supports and resistances:** + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 156.5, 162.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256.5 + +**Edit 21 4:09PM:** + +Have a good weekend everyone! Treat yourself, have a good break, you deserve it! It's been a long week of boring sideways and downward movements. Super low volume all week. I hope we get a good show next week! + +**Edit 20 4:03PM:** + +Ending around 158.32, down -7.01%. I'm expecting some action next week, nearing the apex of the triangle wedge. + +**Edit 19 3:38PM:** + +Ending around the 156.5-162.5 channel. + +https://preview.redd.it/n58tzfzoa7s61.png?width=2141&format=png&auto=webp&s=f746ff02fed687a70756e0a00d5ff7b918534edc + +**Edit 18 2:56PM:** + +Will be back for power hour soon. + +[https://www.youtube.com/watch?v=0\_acvHjU8SQ&ab\_channel=WardenElite](https://www.youtube.com/watch?v=0_acvHjU8SQ&ab_channel=WardenElite) + +**Edit 17 2:12PM:** + +Great summary of the current ongoing battle: + +https://preview.redd.it/xxg2zv1av6s61.png?width=1808&format=png&auto=webp&s=0a0616fdefbfbb043a171108dc65c9fd31339920 + +**Edit 16 1:58PM:** + +Raw beta -0.8, adj beta -0.2. + +**Edit 15 1:30PM:** + +160 strike puts keeping the price low. + +[https:\/\/www.optionsonar.com\/unusual-option-activity\/GME\/latest-trades](https://preview.redd.it/kcrz8hxpn6s61.png?width=2459&format=png&auto=webp&s=e354ef24d4b07b4f79810eccaf0fb8fb82b12368) + +**Edit 14 1:17PM:** + +Checking Bloomberg Terminal. Institutional ownership actually up 3%! we've gone up this week from 131% to 142%! + +Retail ownership has also gone up! The buy sell ratio was really high through this month. + +**Edit 13 1:13PM:** + +A fade is when volume does not support price trend. It's a sign of manipulation. Here we see the volume is not increasing as the price is decreasing. This is a sign of shorting and artificial price suppression. Nothing to see here folks. Buy and hold, diamond hands. + +https://preview.redd.it/3sf4rnqok6s61.png?width=2135&format=png&auto=webp&s=4a92942cd9193973c99af1f14ef767fa3777f00e + +**Edit 12 12:48PM:** + +Puts dragging the price lower. I'm holding. + +https://preview.redd.it/wdc1hyh9g6s61.png?width=2465&format=png&auto=webp&s=9b25181dcf407851ad3713670d436f508e10cc06 + +**Edit 11 12:42PM:** + +What is this crazy OI for the VIX? Hedge against a market crash? + +https://preview.redd.it/lucw5ai8f6s61.png?width=1167&format=png&auto=webp&s=a88d10e26ef320b9eedce8638f9834593ac902e8 + +**Edit 10 12:24PM:** + +Dip happening a bit lower than 162. Next support is around 156.5. + +**Edit 9 11:44AM:** + +Scratch that, those puts are smack in the middle. No idea if they were bought or sold. + +https://preview.redd.it/utwndklu46s61.png?width=2280&format=png&auto=webp&s=46c16871d24df69daaac8602d98f62bc64cdc7aa + +**Edit 8 11:41AM:** + +Those puts were mostly sold. Overall bullish options activity. + +[https:\/\/www.optionsonar.com\/unusual-option-activity\/GME\/latest-trades](https://preview.redd.it/oftdqd3c46s61.png?width=2452&format=png&auto=webp&s=0825e569ba1d1f073d73bfa838299b7a9ea22646) + +**Edit 7 11:18AM:** + +IV rounding off again. I'll be back on stream at 11:30am EDT. [https://www.youtube.com/watch?v=VQv9g-EwIVM&ab\_channel=WardenElite](https://www.youtube.com/watch?v=VQv9g-EwIVM&ab_channel=WardenElite) + +https://preview.redd.it/01mjbl3b06s61.png?width=2117&format=png&auto=webp&s=e141fadbdb67c2b6ae1c93e1f80560141848b917 + +**Edit 6 10:57AM:** + +It seems the bounce earlier today seems to confirm the diagonal support outlined in red. Looks like the wedge is almost done forming. The Apex is projected to be formed early next week. + +We can expect the price to bounce more within this triangle before the breakout. I believe there is a good amount of upside left for today. + +https://preview.redd.it/s63xv2fgw5s61.png?width=2140&format=png&auto=webp&s=d5e87f1569ef7bda8a1ed380f2767852b422ffd2 + +**Edit 5 10:40AM:** + +Options look mostly bullish. Not a ton of orders have been put in yet. Mostly small to moderate side orders. + +[Data courtesy of https:\/\/www.optionsonar.com\/unusual-option-activity\/GME\/latest-trades](https://preview.redd.it/aexfn4odt5s61.png?width=2497&format=png&auto=webp&s=a0872ae92ca2cc62358c1298e3e5ede5f47a1eaa) + +**Edit 4 10:38AM:** + +This midterm is actually super chill. I'll be done soon. GME trading sideways tangling around VWAP right now. + +**Edit 3 9:53AM:** + +Nice little local dip at 9:49am. It could still go lower around 162.5. + +https://preview.redd.it/8j4ophn4l5s61.png?width=2138&format=png&auto=webp&s=e2d8506ff53a805d3c34f45d498fcaba931b6571 + +**Edit 2 9:34AM:** + +We can expect a dip today as a result of the low volume, perhaps around 9:40-10:15am. Let's find out. + +**Edit 1 9:33AM:** + +Low volume first minute candle, around 200k. + +https://preview.redd.it/5r2ti43ih5s61.png?width=2126&format=png&auto=webp&s=5e7c4b3238f4a99aff25208bcd9adc2928a98f2a + +# Begin Reading Here + +Gooooooood morning my beautiful silverback apes! + +We're playing the waiting game now. The record date is 4/15 and a potential catalyst is a share recall between now and the 15th. + +I expect we'll some noise next week, but for this Friday, I do not expect a squeeze to start. + +I'm streaming in 2 parts today since I have a midterm from 10am EDT to 11:30am EDT. So Part 1 will come before 10am, [https://youtu.be/h-JGcY2Ttyg](https://youtu.be/h-JGcY2Ttyg), and part 2 will be after 11:30am. I'll post a link when Part 2 is ready. + +# Premarket Analysis + +We're barely down in the premarket. Gapup at 4am followed by a move down. There's no unusual volume in the premarket, so something tells me that today might be another low volume day. + +https://preview.redd.it/0j0qyhnff5s61.png?width=2142&format=png&auto=webp&s=dbbd3804a821fc99e8b5ddaeefee0542cf4eb73a + +The broader market is starting in the red today. + +https://preview.redd.it/iwnke0gof5s61.png?width=290&format=png&auto=webp&s=21f119132a972e018b87fc367630732b60ce5f2d +From my experience of investing so far I notice that lots and lots of people in the UK (where I live) seem to have little to no knowledge on investing in stocks, but rather even may have the view that investing is limited to 'gambling' or 'extremely risky'. I even found a statistic saying that in 2019 only 3% of the UK population had a stocks and shares ISA account. Furthermore the UK doesn't even seem to have a mainstream financial news outlet, whereas US has CNBC for example. + +Am I biased or is investing just not as common over here? +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. +* [**Dr. Susanne Trimbath AMA Transcription and Summary**](https://www.reddit.com/r/Superstonk/comments/n1vubv/stonky_news_special_report_dr_susanne_trimbath/), with supporting materials (and memes) + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +They are setting up the next level of FUD, too bad they don't try as hard to make it look legit... You can EASILY edit pages in your browser to make them look super legit, but that doesn't help if Apes are on high alert and call out the posts. Also, most posts have questionable OPs... + +Mods previously said they will BAN any Gain Porn during MOASS. So anything you will see immediately BEFORE or DURING the squeeze is 99% fake, atleast that is how I will treat it. + +Just sort these kind of posts out with the Up-/Downvote system, and report them. + +Media will be fabricating some BS stories to make it seem like people are selling, my bet would be they will do it in a time where the stock is dropping. This would certainly make sense given their nature, but we could also be seeing posts like that in times where stock is just a straight rocket, in which case would make them look pretty dumb, we've seen this before Lol + +This is all speculation, but I'd rather be prepared and wrong, than not be prepared and get played with. These Hedgies are so transparent with their FUD you have to admire it. Screams Desperation. + +Buy hodl - VOTE +Today is pure optimism and the reaction to good news (or what looks like good news). Fiscal stimulus is anything but certain by tomorrow, FED is doing unlimited QE, and Trump thinks the US can open up by Easter. + +Fiscal stimulus takes time to kick in and for many people and businesses comes a week too late. It helps putting money in the pockets but doesn't suddenly restart the economic apparatus -only consumer and investment confidence do that. + +Unlimited QE is like fishing with dynamite: quick results but a lot of underlying damage. lts worth noting that this is not a financial crisis but a public health crisis with financial implications. The FED can at best alleviate some symptoms but that's it. + +The US is not testing nearly as fast as Korea (17 times less tests per capita when I checked this weekend), nor is it taking the lockdown serious. Unless a million tests appear by this weekend so the virus can be traced and narrowed down, Trump has to face the reality that he either locks down fully now or blows this crisis out of imaginable proportions in less than a month by opening. + +So in my opinion, how does a bottom look like? 20-30% drop from the current level, with decreasing volatility starting in one or two weeks when the spread of the virus becomes more clear and the economic data hits us hard. Shy but ever more common gains and then more big rallies than drops (but not 10% if that's what you want). + +We've only had one VIX spike, in 2008 there were 3. Also plenty of examples of fake rallies like today's and the first Friday of the month. The sp500 was grossly overpriced in February, so whatever it fell until the first days of March was barely an overdue correction. Now you have to input recession to get the true dimension of the collapse. + +Disclaimer: this is just my opinion and I'm not offering investment advice + +Edit: just to clarify I don't expect vix under 20 this year. When I say low I mean 30s perhaps 40s. I also know markets recover before clear good news begin. When I say let the economic data hit us I'm talking of at least having an actual dimension of the problem, so March and April readings. +[https://www.cnbc.com/2022/09/21/the-fed-forecasts-hiking-rates-as-high-as-4point6percent-before-ending-inflation-fight.html](https://www.cnbc.com/2022/09/21/the-fed-forecasts-hiking-rates-as-high-as-4point6percent-before-ending-inflation-fight.html) + +So the Fed now wants to hike to 4.6% and keep it there through 2023! + +That's a lot higher than the 4% expected and will certainly affect the economy a lot harder not just in the short term but also next year and beyond. + +Borrowing rates for consumers and companies will go up much higher and stay high which obviously will hurt spending therefore slowing down growth. + +Higher rates means for most companies it becomes a lot more difficult to borrow money to finance further growth hence companies are preparing for the slowdown and scaling back. + +Also the variable rate debt lots of companies have accumulated over the past years of easy money will really start to hurt now as this type of debt is linked to rates. + +It's important to understand this is not just a short term effect. Rate hikes have impact on companies many quarters after they take affect. Most talking heads in the media but also permabulls here on reddit seem to ignore that and just keep talking up the markets so beware. A short term rebound does not mean it can't go lower afterwards! + +Would not be surprised to see another short bear market pump before it goes much lower again once companies start revising their earnings forecast to the downside. + +Powell trying to talk up the markets afterwards clearly doesn't help anymore. He should stick to what FOMC members have decided instead of trying to give it a "rosy" spin. + +Final point, so we now have a problem in the housing market, credit market (too much borrowing going on) and in the equity markets (earnings compression coming). Not sure how that combo will end but don't have a good feeling about this. Hope this won't be 2008 all over again or worse. + +That's in a nutshell what the Fed decided today and its future impact on the markets. Stay careful and don't be a mindless sheep. +Credit to u/globalrebel and u/jsmar18 + +I am just reposting something I saw posted on the GME sub by u/globalrebel, none of this is my original content I just haven’t seen us talking enough about it. Give credit where it is due, not me. + +https://www.youtube.com/watch?v=bo427AW0anw + +Go to the ~9:30 mark in the most recent AMA with computershare. They are asked whether they are allowed to release information about DRSed share numbers and their reply is incredibly bullish!! + +They reply that releasing this information is decided by their corporate clients, not by them. They go on to say that they are in talks with one or two clients about releasing number of DRSed shares periodically, and this is something that could happen very soon! It is possible, and if GameStop wants to allow these numbers released they will be released!!! + +Again, rather than the usual weekend sub drama and FUD, this is something we should all be discussing, this content is not my own. + +🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit 1: Link to original post from another Ape sub:: + +https://www.reddit.com/r/GME/comments/r83kvk/holy_sht_computershare_just_said_that_they_are_in/hn3fwps/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3 + +Edit2: feast your tits on this: + +https://www.reddit.com/r/Superstonk/comments/r8qvo4/drsbot_daily_stats_1232021_day_53feedthebot_3/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +My parents are in their late 50s and came to visit my wife and I over christmas. My mother no longer works, due to legitimate medical issues and my father has been a salesman for 30 years. Straight commission, so if he has a couple bad months, they get really behind. + +My wife and I are early 30s and live 2000+ miles away from my parents. We both have good jobs, due to attending college, which we both paid for fully with no help from any parents. We also purchased our first home this year, also with no assistance. + +Growing up, I always heard that my paternal grandparents had a lot of money. My grandmother was super cheap, but they always paid cash for houses, cars, and RVs and supposedly had money invested. They are now in their late 80s and have been retired for 25+ years, so that money (besides the house and RV) is supposedly dwindling quickly. + +We found out about 6 years ago that, because my father has been 1099 for 30 years, he owed more than 100K in back taxes. To deal with this, he convinced my mom to cash out her small 401K (about 60K) and throw it towards their tax bill, leaving it at 50K owed. She did it and then had a stroke about two years later, which left her unable to work and she was unable to build up her retirement again. + +Anyway, during their visit, my wife asked my father when he plans on retiring. His answer was "I'll have to work until I die." Wrong answer. We just watched my mother lose her ability to work in a second with no warning. Later in the visit, we saw a baby and his father at a park and were making comments about how it's funny that we all started as babies and my father said, "That's how it works, you take care of your kids and then they take care of you." + +He has no money saved for retirement, any hope of some windfall from his parents is gone, and he sees us doing well. I love my parents, but a large part of us having a good relationship is me ignoring some onerous political and religious opinions that they have. I feel like my wife and I have brought ourselves out of poverty and are just starting to do well financially after a lifetime of bad examples. For him to drop those comments on us really scares me. We do have extra space here at our house, but "we have fallen on hard times, can we move in?" is not an option. + +What would be the best way to get out in front of this? I have heard of long-term care insurance, but I think my father is prohibited from some insurances because of his tax liabilities. + +I do have a sibling, but it is not possible for her to help my parents in any way. + +I can answer any questions that might help clarify the situation. + +tl;dr I think my father hopes that my wife and I will be his retirement plan. That cannot happen. + +EDIT: This really turned into quite a thread. I appreciate each and every answer. Even the ones saying I am a selfish asshole. + +-My wife's parents are deceased. + +-My mother is on SSD + +-My parents rent, they do not own any property to sell + +-They have always gone to weird churches and got caught up in a cult that preached "prosperity gospel." We found out they gave over 160K in 5 years. + +-I live in San Diego and my house is 1000 sqft 2BR/2BA. I should have said "AN extra room" + +Also, Regarding myself seeming cold. I purposely left emotions and history out of the post in favor of facts. + +You've probably heard by now that, despite our best efforts, the U.S. Senate *failed to even vote* on any alternative to the horrible cryptocurrency provision that may kill the crypto industry in the U.S. This means that wallet producers, miners, Dapp creators, and basically everyone else will now require KYC of their customers/users or face harsh penalties from the IRS (the U.S. tax collector). These are the 6 Senators (listed in no particular order) who are responsible for the cryptocurrency disaster in the Infrastructure Bill. We will remember their actions and vote them out! + +**Rob Portman (R-OH)** – drafted the disastrous, original cryptocurrency provision. When Toomey, Wyden, and Lummis introduced an amendment to fix the provision, Rob Portman publicly supported their amendment before blindsiding everyone with his own, worse amendment. Portman has proved himself to be a puppet for Janet Yellen and Wall Street. + +**Mark Warner (D-VA)** – wrote the worse crypto amendment with Rob Portman, creating chaos in the Senate and causing Portman to recant his previous support of the Toomey/Wyden/Lummis amendment. Because the Toomey/Wyden/Lummis was bipartisan and already widely expected to pass, Mark Warner’s co-authorship of the Portman amendment gave the Portman/Warner/Sinema amendment bipartisan sponsorship, giving it legitimacy to contend the Toomey/Wyden/Lummis amendment. + +**Kyrsten Sinema (D-AZ)** – did not write the worse crypto amendment with Portman and Warner, but signed onto the amendment later to give it legitimacy. Kyrsten Sinema was one of the two leaders of the Senate Infrastructure Bill negotiations, along with Rob Portman. Once Sinema signed onto the Portman/Warner amendment, it became extremely difficult for other senators to publicly oppose the Portman/Warner/Sinema amendment, because it became a symbolic rejection of the Infrastructure Bill as a whole. This is why we only saw Republicans who already indicated they would vote against the Infrastructure Bill publicly commit to the better, Toomey/Wyden/Lummis amendment. + +**Bill Hagerty (R-TN)** – 99 out of 100 Senators voted to expedite the Infrastructure Bill, which would have led to an opportunity for proper consideration, debate, and voting on the cryptocurrency amendments. Bill Hagerty was the ONLY Senator to vote against expedition. This forced the Senate to either take a vote to end debate and force a vote on the *whole* Infrastructure Bill within 30 hours, or to take a recess until September 13, 2021. Once the Senate voted to end debate, it meant that the cryptocurrency amendments would not even be voted on without unanimous consent of all 100 Senators. Hagerty effectively increased the number of Senators who needed to support a crypto amendment from 60 to 100. + +**Richard Shelby (R-AL)** – 99 out of 100 Senators consented to vote on the mega-compromise Toomey/Lummis/Warner/Portman/Sinema amendment which was substantially similar to the good Toomey/Wyden/Lummis amendment. It was widely expected to pass, and we would have seen a resounding success. However, Richard Shelby was the ONLY Senator to refuse to consent, because he conditioned his consent on the Senate also approving $50 billion in military spending. When this idiotic ultimatum was rejected, Richard Shelby objected to the cryptocurrency amendment, leaving Portman’s disastrous, original cryptocurrency provision intact. + +**John Thune (R-SD)** – the Senate Minority Whip. His ONE job is to make sure that the Republican senators vote with party leadership. He failed this TWICE by allowing Bill Hagerty and Richard Shelby to block the crypto amendments. How hard could it be to get corrupt politicians to vote with a corrupt party? Just promise to give the Republicans candy if they vote with the party. I used that strategy to win my middle school student government election in a landslide. + +Also, fuck **Janet Yellen**. The unelected, 74-year-old Secretary of the Treasury was the person behind the cryptocurrency provision in the first place, as well as the Portman/Warner/Sinema amendment. It’s no surprise that the woman who took $7.2 million in speaking fees over the last two years (almost entirely from banks) was behind this attempt, at every step of the way, to systematically destroy cryptocurrency and DeFi. And of course, because she was unelected, we have no way to vote her out. +I've read somewhere on here that hedge funds don't pay taxes on short positions when they succeed in delisting a company. That naturally inspires righteous anger and injustice, but lets calmly think through the process for a moment to realize what that actually means: + +Short positions that generate profits are taxed when those positions are actually closed, just like long positions. + +There is no reason to assume that situation changes happens when a stock is delisted, or the share price goes to $0.00. Closing a short position at a share price of $0 is still profit-taking, and still results in a taxable event. If you have actual hard evidence as to why the tax situation for shorts taking profit would different upon delisting, bankruptcy, etc. please provide a link to a primary source of information regarding that (e.g. looking for some IRS rule, if it even exists). + +For a short position to actually be untaxed, there is only one logical conclusion to make: **that the short position continues to exist**. That is, it is ***never*** actually closed. Mark Cuban was not exaggerating when he said that the goal is to NEVER cover their short positions, because even closing a short position at $0 would mean officially taking profits, which means paying taxes, and who wants to do that? Why bother closing those short positions (and paying taxes on profits) when you can just kick the can down the road? + +Instead, wouldn't it be nice to simply hide those short positions in a Total Return Swap basically forever with a bunch of other delisted and soon-to-be-delisted companies, like say....GME? No one would need to know about it, no one would care, no one would even make a connection between them. + +Unless of course...one of those soon-to-be-delisted companies sees a massive spike in price and volume in January, which might affect other stocks bundled up in the Total Return Swaps of those doomed companies, causing a tell-tale spike in January as well. But who in their right might would even look up the share prices of Sears anyway, it's just a bankrupt, delisted company... + +[Sears vs. Gamestop year-to-date share prices](https://i.imgur.com/IPo5fcD.jpg) + +Please do not look directly at the completely unrelated, unwarranted spike in Sears share price and volume in January. It clearly has absolutely nothing to do with GME. The two companies have nothing in common, they just both happen to be aggressively shorted retail establishments, and these are completely natural price movements based on...uh....earnings...and other company news...in January 2021...from Sears.... + +&#x200B; + +Not financial advice. I'm not suggesting to buy Sears (or Toys R Us or any other delisted company) with your spare pocket change. But I do wonder if shares of Sears (and other shorted-to-oblivion companies) still have open a tremendous number of shorted positions carrying infinite risk. And if those short positions still exist only because it is preferable to kick the can for years and years instead of paying taxes on profits. Perhaps someone will need to buy back those shorted shares someday soon, or perhaps not, I don't know. + +I'm not alleging the hedge funds did anything illegal tax-wise: if the short position is legitimately still open, they don't owe taxes on it, simple as that. But to defer paying taxes and instead continue to carry infinite short risk for numerous delisted stocks...that's reckless to a whole 'nother degree. Maybe they can't afford GME squeezing because they can't afford GME squeezing, but they also can't afford to let the stock prices of delisted companies come roaring back to life after many years as well (which would happen as hedge funds fail margin calls and their Total Return Swap get closed and prime brokers start looking for shares to buy to close those positions. +Note to mods: I see the no MEME STOCK rule. This subject discusses the entire "meme" basket in the context of real numbers and facts. It is in no way intended to be negative at any single security or subreddit. Hope it can stay up as part of a larger discussion about swaps and criminal activities shorting our beloved GME. I just don't know how to tell this story without mentioning MEME STOCK. + +I’m a quiet ape. I’ve been here since before the beginning, watching, buying, learning. I’m not a financial ape, just a humble ape with a knack for patterns and big pictures. A few weeks ago I posted this speculative piece on swap evidence, no need to read it first, I only want to highlight I’m the same person since much of this post builds upon this original. You can find it on my profile if desired. + +**Updated TLDR June 29, 1:35PM ET** + +**TLDR: Citadel is using the meme stocks in swaps to cellar box all of them. I have numbers, RC pointing as clearly as possible at swaps and key events relating to those swaps. Not all meme stocks are the same. GME, Headphones, and Baths maxed in January, MEME STOCK, Blackfruit, and NOQ in June. I explain why. RC's second buy aligns to late July and Early August as his first buy to the Jan 2021 sneeze. I also clearly explain the meaning and timing of the 69 tweet and the tombstone tweet. Those are best revealed in context....** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# INTRODUCTION: + +Do you ever take a moment to think about how we all got to this point? Yes, we all know about the crime, swaps, naked short selling, payment for order flow, DOOMPS. + +I mean specifically, what happened to cause the January 2021 and June 2021 sneezes? The DD covering post sneeze and how SHF’s are controlling the price are amazing, however they are looking at data after January 2021. + +I want to understand this saga from much earlier. What did RC see before he bought? What previously set in motion sequence of events did he discover and divert, setting us on this journey to the stars? + +# PART 1: The theory + +Enter Shill Whisperer <[https://twitter.com/ShillWhisperer/status/1530623185229586432](https://twitter.com/ShillWhisperer/status/1530623185229586432)\> on twitter describing a derivative swap: + +“Free float market capitalization (ffmc) \[swap\] between GME and \[meme stock\]. Wherein as long as \[meme stock\] ffmc is greater than GME swap is intact.” + +In plain English: Citadel and a Bank traded a set number of shares of equal $ of GME and MEME STOCK. Citadel is the owner of the MEME STOCK shares and receives the GME shares. The Bank is the owner of the GME shares and receives the MEME STOCK shares, all off the official books of course. + +&#x200B; + +* Citadel pays the Bank interest equal to Libor plus 1-2% (estimated) for duration of the swap. +* If GME Market Cap and MEME STOCK MC move together, swap is neutral +* If GME Market Cap drops relative to MEME STOCK MC the Bank must pay to equalize swap +* If GME Market Cap increases relative to MEME STOCK MC Citadel must pay to equalize swap + +The Bank assumes a steady income and covered risk if GME goes up relative to MEME STOCK. Citadel gets paid if GME MC is below MEME STOCK MC. + +I think you can see where this is going. + +Swaps are the critical piece of this whole puzzle. If you understand how this works, the rest of this post will make a lot more sense. Huge credit to u/Blanderson_Snooper for their DD on swaps. Go read the whole thing [HERE](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/). He is talking about slightly different swaps, but the concepts and how they are leveraged applies. + +Here is what I think happened sometime in 2017 Q1: Ken Griffin walked into a bank and the following conversation happened: + +&#x200B; + +https://preview.redd.it/z3l7cjei3g891.png?width=1190&format=png&auto=webp&s=45b792265c9ba61ef5420fc110628bb2d5a6f238 + +Sr. Banker: Welcome Ken, good to see you. + +Ken: Likewise. If you don’t mind, Im a busy man, lets get down to business. + +Sr. Banker: Sounds good. What do you have in mind today? + +Ken: I have a million shares of MEME STOCK worth about $32M id love you swap with you. + +Sr. Banker: Interesting, what were you looking to swap from our portfolio? + +Ken: Im interested in GME today, you have more than $32M of that on your books I believe, its about 1.4 million shares. + +Sr. Banker: GME? Again? Under what terms? + +Ken: Same as before. We swap the shares worth a total of $32M, I’ll pay you Libor plus two percent. If GME moons, I’ll cover the difference. + +Sr. Banker: (Laughing) And let me guess, if GME tanks I’m on the hook? + +Ken: That’s right, just like the BlackFruit and Beds deals we did end of 2015 and last Spring. + +Sr. Banker: Sounds good to me. I presume you have the paperwork all drawn up? + +Ken: Right here. + +After reviewing and signing the documents Ken shakes the Bankers’ hands and departs the conference room. + +Sr. Banker to Jr Banker: Go short GME. If I know Ken, he’s about to obliterate it and there’s no way I’m losing money on this deal. + +Jr. Banker: I’m on it. What happens if GME goes up? If Ken doesn’t hedge his position we can get stiffed when Citadel blows up. + +Sr. Banker: Don’t worry. Its Ken Griffin, he knows what he’s doing. + +————————————- + +Ken probably did this multiple times with multiple banks just like our buddy Mr. Burry as shown in the Big Short. Just like our recently bankrupt friends at [Archegos](https://en.wikipedia.org/wiki/Archegos_Capital_Management) did to get margin and large positions in a select few companies. + +It also conveniently creates an insane number of synthetic shares. The 1,400,000 GME shares swapped in the example above are now synthetic and will be sold by Ken. They are still technically listed under Institutional Owners with the SEC. It gets worse. The Bank also opened a short position covering their 1,400,000 GME share exposure to Ken. That’s 2,800,000 shares shorted from thin air, which should still be tucked away safely in the Bank’s holdings, from a single meeting, with no record. + +# PART 2: The numbers + +During the dramatic telling of the now infamous swap meeting(s), I intentionally used $32M and the specific dates. Go back and take a quick look. These dates and numbers are going to be important. + +Tighten your tinfoil moon helmet, time to enter the rabbit hole…. + +Our first stop is a high level view at Citadel’s holdings of the "meme" securities Don’t worry HEADPHONES will be covered further down. Let’s just say it’s a little….different. + +Using this super handy site [https://13f.info/](https://13f.info/) I pulled Citadel’s 13F quarterly holdings for each security from Q1 2015 until Q4 2020. These are positions, not gains/losses. Positive means they are net long on that security that quarter. Negative means they are net short that security that quarter. Net position = Shares + Calls - Puts + +&#x200B; + +https://preview.redd.it/ef46v4kn1g891.png?width=1422&format=png&auto=webp&s=468d2f884d691e8b1f6726eb75f9a81e83de39fd + +What the hell are we looking at! That’s a lot of numbers and shading! The green means long, red is short. Darker the color, the higher the value. Its fascinating to see how they transition into and out of positions. Take note of **$32,349,000** MEME STOCK position in **Q1 2017** and the corresponding GME position. + +See any patterns when compared to our story? + +Here is the stock price calculated from the 13F over the same timeframe. The yellow corresponds to each local peak Citadel position greater than $10M, the peach cells are local peaks less than $10M: + +https://preview.redd.it/4e1q8xxo1g891.png?width=1340&format=png&auto=webp&s=a00c0b6aadd159711a03271ea4d0843ab67e4cbf + +The first take away is the shocking consistency a large position is immediately followed by a drop in position and share price. The biggest positions are followed by Citadel transitioning to a short. I wish I could always sell huge positions at the peak, must be nice to control the price. + +But that’s not the scariest part of this chart. Enter HEADPHONES: + +&#x200B; + +https://preview.redd.it/1em2steq1g891.png?width=1596&format=png&auto=webp&s=830a0479be1c1914c2ce161a59a1590b2db504ac + +&#x200B; + +https://preview.redd.it/2vx1i5qr1g891.png?width=1560&format=png&auto=webp&s=58aea233e4fb4fda883f14575dbeec7a018b43c3 + +WTF!? Why is a hedge fund worth $400B taking out $29k positions in essentially a family business? And the timing is super suspect. + +Is that tinfoil moon hat still tight? + +It takes big positions to destroy companies. We aren’t talking about a pump and dump, turning a buck with a brief short, or fractions of pennies from billions of transactions. We are talking about total and complete destruction of companies. + +&#x200B; + +https://preview.redd.it/risvktbt1g891.jpg?width=1472&format=pjpg&auto=webp&s=9467434edb697ff5b81f03a8aa4c2464b2d996c6 + +Doing this takes multiple big positions in the swapped security(s), the receiving security(s) and leverage. Looking at the peak positions on a quarterly basis, there is a pattern. + +**Of the 24 quarters between Q1 2015 and Q4 2020, only the six quarters with a HEADPHONES position have three or more securities at local peaks. In other words, HEADPHONES and a pair or more of securities are all local peaks prime for a swap. The other 18\* quarters appear to be repositioning quarters.** + +\*2018 Q1 has three securities without a HEADPHONES if you include MEME STOCK $7.5M position. This is a small position therefore I’m taking liberty to ignore it since there is no HEADPHONES position. 2015 Q1 with a HEADPHONES position includes a $5.1M Blackfruit position to be 3 peaks in the quarter. Yes, my theory is a little inconsistent, but that is not evidence against my theory. There aren’t rules for Ken to follow here. + +Here are what I believe are the swaps: + +&#x200B; + +https://preview.redd.it/mf74epfiih891.jpg?width=1596&format=pjpg&auto=webp&s=994b9afa25e17e8afedd832f4d173846303ba9c1 + +Why is HEADPHONES involved? No clue. Why is it such a small position? Im too smooth brained. I do know something is suspect as hell and I think its a remnant, a trace, of something far bigger. + +Theories: Used to “true up” one side of the swap? Quick liquidity - small cap stock with big spread? + +Gut check. Does all this madness make sense in the lens of Citadel? Does this theory, and these numbers, produce insane returns for them? + +* First, building up a big position and selling at the top is always profitable. +* Second, selling all of those swapped GME shares and buying them back for pennies, literally. +* Third, if GME Market Cap drops relative to MEME STOCK MC the Bank must pay to equalize swap. Remember the Bank is also short GME which causes the Bank to owe even more to Citadel. +* Fourth, all the benefits of cellar boxing a company. No taxes, never buying back the shorted securities, etc. + +By the way, if you don’t know what cellar boxing is. Go here: [half way down this link](https://old.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/) + +Ok, it certainly aligns with their clearly stated company objectives. It explains huge quantities of synthetic shares. But it doesn’t explain the sneeze. Someone or something must have messed up their game. + +Here are positions from 2021: + +&#x200B; + +https://preview.redd.it/wx7stbpz1g891.png?width=1344&format=png&auto=webp&s=682373a630ec45234517ee2b3f0f5026a8d4d487 + +# PART 3: RC has entered the chat + +Part 2 looks at this saga from the view of Citadel, let's look at this from RC’s perspective. Let’s assume RC has done way smarter analysis than me and discovered the swaps outlined in Part 2. How can we test this theory? + +Remember our swap thesis? If GME Market Cap is larger than MEME STOCK MC, Citadel owes money, I will refer to this status as “triggered,” and the other status is “intact.” Lets pull the Market Cap numbers and see what we find: + +MEME STOCK MC - GME MC so positive delta is INTACT swap, negative delta is TRIGGERED swap: + +&#x200B; + +https://preview.redd.it/mhsfwyg82g891.jpg?width=1636&format=pjpg&auto=webp&s=a346da54edbccc7c1e3122f9e496c6347ff5319d + +The three highlighted dates are when the MC of the two companies cross. Around those dates we should find the key impact factors. + +**September 18th, 2020** MEME STOCK: $0.61B vs GME $0.62B First time GME exceeds and stays above MEME STOCK. It’s notable that September 18th, 2020 was Quad Witching (QW) day. What happened to cause the flip? + +How about this 19 days prior: + +[https://www.nasdaq.com/articles/gamestop-stock-surges-after-rc-ventures-acquires-stake-2020-09-01](https://www.nasdaq.com/articles/gamestop-stock-surges-after-rc-ventures-acquires-stake-2020-09-01) + +Did RC kick Ken Griffin (criminal) in the nuts and mess up one of his swaps? Maybe, but must be a coincidence. + +**December 18th 2020**, Quad witching day. Regarding the swap, this is a good day to assume any delta in MC’s should be settled. Lets also assume Citadel failed to settle. + +**January 26th, 2021**: The sneeze starts. Approximately 26 market days since QW and 133 days after the swap triggered. + +\-------------------------------------------------------- + +Now that we have passed June 9th with no news, lets revisit the 69 tweet posted on January 28th, 2022, the anniversary of the day the buy button was removed. He is clearly explaining why that happened: Swaps. + +From the wikipedia article linked: “The participants are thus mutually inverted like the numerals 6 and 9 in the [number 69](https://en.wikipedia.org/wiki/69_(number))" + +# PART 4: RETURN OF THE SWAP + +**May 24th, 2021**: RC knows something is coming: + +[https://twitter.com/ryancohen/status/1397047791889879041](https://twitter.com/ryancohen/status/1397047791889879041) + +**June 2nd, 2021**: MEME STOCK: $30.07B GME $20.49B + +This is a very large change in MC vs the other two times the swap flips. Not just anyone can move markets to that level that quickly. + +What happened: Murdick buy in (second time) and massive sell off of stock + +&#x200B; + +https://preview.redd.it/zmbmukgc2g891.png?width=1790&format=png&auto=webp&s=32e09b24b4bf4d9e50c23cb5b2cd12111115ca71 + +Driven by a distressed company hedge fund and a capital raise which should have diluted share value ends up causing a massive run? Total share count quintupled (400%) since pre pandemic levels. That’s not good for apes locking a float. Its quite the opposite. + +Also note, GME is leading the run up until the news of financing launches MEME STOCK and the swap was reset just in time for June 18th 2021 QW. + +**Finally time for the tombstone tweet.** + +Thinking about this from RC’s perspective: its May 28th. 2021, MEME STOCK stock is moving on hyped news of fresh financing. RC’s big move to blow up Citadel swaps just got obliterated by the wall street powers that be. He is having a very very bad day. Things were trending in the wrong direction for him regarding this swap. So what does he tweet? + +&#x200B; + +https://preview.redd.it/7vsaevdz2g891.png?width=1186&format=png&auto=webp&s=99be3e689b8745abeea9371ceedfb3e078443510 + +**The swap is going be restored! He’s a dead dumb ass!** + +\----------------------------------------------------------------------- + +Taking a step back. At this point we’ve had two sneezes, but each sneeze impacted these securities differently. + +GME, BEDS, and HEADPHONES have peak MC in January 2021 sneeze: + +**GME** + +https://preview.redd.it/kf0qkild2g891.png?width=1448&format=png&auto=webp&s=e865c09752c178e4ea67d8edfe0cc1c806cad6d9 + +**Beds** + +https://preview.redd.it/pxabapoe2g891.png?width=1408&format=png&auto=webp&s=e9a61ecc1ce33e3214cc2793979b7dae5178b3fc + +**HEADPHONES** + +https://preview.redd.it/vackh5ai2g891.png?width=1402&format=png&auto=webp&s=d74c492ed62fee682400693bdccfff882184a364 + +MEME STOCK, Xpress, NOQ look a little different, their peaks occurred in June 2021 sneeze or later: + +MEME STOCK + +**Xpress** + +https://preview.redd.it/6zvngibj2g891.png?width=1406&format=png&auto=webp&s=235404ca92325d25c4a07ce7397e01704d2866fa + +**NOQ** + +https://preview.redd.it/czg0e5jdtg891.png?width=1398&format=png&auto=webp&s=b9d474db6f0e2f29f3aadc3b04b525a20c897e72 + +Blackfruit is unique and equal in both sneezes + +https://preview.redd.it/ikctms5n2g891.png?width=1448&format=png&auto=webp&s=d1ca901eb43172797a206988c9b3bf7d3c5ca924 + +I can’t prove anything, but looking back at our swap groups MEME STOCK, Xpress, NOQ and in one case Beds, appear to be the securities Citadel is giving as the counter security to his target. This theory is further bolstered by the counter security Citadel position is slightly smaller than the target security Citadel position. Blackfruit is used on both sides which I believe explains why it is equal MC in both sneezes. + +**THE SECOND SNEEZE BOOSTED THE COUNTER STOCKS TO SAVE CITADEL!!** + +Summary of the swaps: + +&#x200B; + +https://preview.redd.it/48v3a9po2g891.png?width=1714&format=png&auto=webp&s=9bfb50f7753724fb6b78528b8cbcc5287945c6b3 + +I think my tin foil moon hat is cutting off circulation to my smooth brain. + +# PART 5: RETURN OF THE JEDI + +Fast forward to the final flip… + +**April 4th, 2022**: MEME STOCK $12.03B GME $12.39B Another subtle flip, two weeks after March 18th QW. I wonder what could’ve happened about 2 weeks before: + +[https://www.reuters.com/technology/ryan-cohen-picks-up-100000-gamestop-shares-stock-jumps-2022-03-22/#:\~:text=Register%20now%20for%20FREE%20unlimited%20access%20to%20Reuters.com&text=March%2022%20(Reuters)%20%2D%20Billionaire,16%25%20higher%20in%20extended%20trading](https://www.reuters.com/technology/ryan-cohen-picks-up-100000-gamestop-shares-stock-jumps-2022-03-22/#:~:text=Register%20now%20for%20FREE%20unlimited%20access%20to%20Reuters.com&text=March%2022%20(Reuters)%20%2D%20Billionaire,16%25%20higher%20in%20extended%20trading). + +No f#@& way. RC Kicked Ken Griffin (criminal) in the nuts twice! No way this is a coincidence now. + +**June 17th, 2022** Quad witching day. Regarding the swap, this is a good day to assume any delta in MC’s should be settled. Lets also assume Citadel failed to settle. + +**July 26th 2022**, a Tuesday, is 26 market days since QW. + +**August 1st, 2022**: Approximately 133 days after the swap triggered. + +&#x200B; + +Additional supporting documentation RC is signaling the swap: Is he dancing? + +[https://twitter.com/ryancohen/status/1510818828695052289](https://twitter.com/ryancohen/status/1510818828695052289) + +[https://twitter.com/ryancohen/status/1514297711675256840](https://twitter.com/ryancohen/status/1514297711675256840) + +Swap is intact: November 11th 2021 + +[https://twitter.com/ryancohen/status/1460127511619252230](https://twitter.com/ryancohen/status/1460127511619252230) + +Swap is triggered: May 6th, 2022 + +[https://twitter.com/ryancohen/status/1522669176569188358](https://twitter.com/ryancohen/status/1522669176569188358) + +Multiple apes have pointed out his tone changes around March. + +# Part 6 Conclusion + +I have one goal with this post. To spread this knowledge so another ape can connect the next dot and find concrete evidence of the swaps. The dates used are real and serve as the best indicator for where to dig. All of these companies are being driven out of business by pure greed. + +RC discovered the existence of the swaps against GME and is two for two when buying and causing the swap to sour, and he is signaling good or bad based on the condition of the swap. Further, the only correction of the swap was caused by institutional and insider investors causing a rapid massive swing in delta market cap between the companies. RC's buy in early 2022 is going to cause chaos very soon. + +**This is not financial advice.** + +&#x200B; + +PS: Im zen and not a threat to myself or anyone around me. + +\----------------------------------- + +Edit: u/dash-dashman doesnt have enought karma to post, but pointed out this mind blowing little tidbit: + +# 7 stocks 4 1 swap basket. + +Go give him some Karma. + +EDIT Bonus data: HEADPHONES short interest. December 2020 was spicy! This totally destroys any narrative retail drove the HEADPHONES sneeze. + +https://preview.redd.it/i0ehbtjzlh891.jpg?width=640&format=pjpg&auto=webp&s=b6b64923351d5d27e39215ea164f51c7addd6040 +If companies cannot afford to pay their debt then eventually they will go bankrupt and you, the shareholder, will be left with NOTHING! How much debt a company has and more importantly if they are able to pay back their debt is essential to know before investing in the company. Ultimately companies who become too over-leveraged with debt may face trouble repaying it if their revenue declines, their earnings drop, if interest rates rise or in the case of COVID-19, an unexpected black swan event comes out of nowhere. Below is the checklist I use when analyzing the debt of a company. + +Debt Analysis Checklist: + +Step 1: Calculate Total Debt +\- Remember use only "Term Debt" both short term and long term +\- Liabilities are NOT Debt +\- Ideally total debt would be decreasing over time, however, more important than the total dollar amount is whether or not the company can pay it + +Step 2: Calculate Debt to Equity +\- Debt / Equity = Long Term debt / Shareholder equity +\- I do not include Short Term debt in the above equation unless the company does not have enough cash/cash equivalents and short term investments to cover it +\- Ideally companies would have 25% or less debt + +Step 3: Does the company have positive free cash-flow? +\- We want to see positive free cash flow. This means the company is actually bringing in "cash" which it could use to pay back debt +\- If a company has negative free cash flow then it's not bringing in any money!!! How can they pay their debt obligations with no money? + +Step 4: Does the company have enough cash/cash equivalents/short term investments to cover short term debt? +\- We want to see companies have enough cash/equivalents and short-term investments on their balance sheet to cover short term debt + +Step 4: Does the company have enough free cash flow to cover short term debt? +\- If the company is free cash flow positive, does that amount meet or exceed its short term debt obligations. Ideally it would. + +Step 5: Check the income statement to see how much the company's interest expense is. +\- Does interest / dividend income cover interest expense? This would be ideal! +\- Does operating income / EBIT cover interest expense? If so what is the TIE ratio (times-interest-earned ratio: EBIT / Interest Expense). The higher the number the better! + +Step 6: Look for trends in net income and free cash flow +\- We want to invest in companies that make money and have positive free cash flow. If these numbers begin to go negative then investigate and determine if the company can turn things around. + +Step 7: Calculate the company's overall cash position +\- Overall cash position = cash + equivalents + short term investments / Long-Term Debt +\- Higher the number the better. + +Step 8: Remember not all debt is bad. What is more important that the total amount of debt is whether the company has the operating income, interest/dividend income, or free cash flow to cover it. Even if they took a significant hit to revenue - would the company still be able to pay its debt obligations - those are the types of companies we want to invest in! +You do not have to move onto a new rate immediately if you apply and are accepted onto a rate today. + +There’s been multiple posts / comments in this sub not knowing what to do if their mortgage expires mid / late 2023 when rates are predicted to peak. If you leave your current fix early, you may have to add an early repayment charge (ERC) onto your mortgage. But adding this on at today’s rates may be better than having no ERC but much higher rates in a few months time. + +The stress comes because some people seem to think they need to make a decision today. I was also under that illusion before talking to my mortgage advisor. For clarity, my mortgage expires in 9 months. + +So call your mortgage advisor and lock in a fixed deal at 3.8%-4.2%, as that’s what the current rates are. + +Then wait 6 months, remaining on your current deal and not paying any ERC yet. + +In 6 months time, you’ll be within 6 months of the end of your mortgage. You then have two options: + +1. Accept the offer you received today, paying the ERC and moving onto that new rate. + +2. Apply for a new deal that won’t charge an ERC if this works out to be cheaper (which it will if rates drop, remain constant, or rise slightly, but won’t if rates soar as predicted). If you apply for a new deal, you can again sit on this for up to another 6 months / until your current fix expires to stay on your current rate for as long as possible. + +TLDR: there’s no downside to securing a rate today, as you can decide in 6 months time whether you actually want to go for it. It will give you the peace of mind that it’s the absolute maximum you’ll pay for your future mortgage. +I've been selling 40-50 dte condors on stocks to try to collect theta, but I've had a very difficult time trying to figure out what to sell. I have $10k in my account and I try to sell condors on at least 3 different stocks, but so far I've found it difficult to decide which stocks to sell condors on and I feel that what I've been doing is just looking at the charts and if a stock's historical volatility for the recent month has been low, but I dont think that's a great way of doing so. When you guys try to sell options to collect theta how do you choose which stocks to sell it on? +For those selling CSPs, do you maintain the Cash in actual Cash, or other low risk securities like US Treasuries? + +With the 1Yr UST yielding almost 5%, on a $1M account for example, you can earn up to an additional $50k depending on assignments. Curious of the downside here. +RobinDaHood received investment from Ribbit Capital and several other venture capital firms, including **Sequoia Capital**, Index Ventures and ICONIQ Capital. - $3.4 billion figure + +**Sequoia** — was an early investor in *Melvin Capital* + +[https://www.thetrustedinsight.com/investment-news/sequoias-heritage-fund-was-early-investor-in-plotkins-melvin-capital-20210203580/](https://www.thetrustedinsight.com/investment-news/sequoias-heritage-fund-was-early-investor-in-plotkins-melvin-capital-20210203580/) + +&#x200B; + +Sequoia Capitol Denies Pressuring Robinhood to Stop GameStop Trading - [https://www.newsweek.com/sequoia-capitol-denies-pressuring-robinhood-stop-gamestop-trading-after-viral-reddit-post-1565269](https://www.newsweek.com/sequoia-capitol-denies-pressuring-robinhood-stop-gamestop-trading-after-viral-reddit-post-1565269) + +&#x200B; + +I was going to write up a DD, but at this point I think I have everything I need. + +**Sequoia Capital is most definitely in the same boat as Melvin, RH & Citadel moving money around so this whole shitshow doesn't blow up.** + +Edit: cred to u/Humand_Ad5404 + +Sequoia invested in animoca (blockchain video game company) and paradigm = coinbase (lrc competition) + +they invested into the market maker thats shorting their competition…. +> [The dollar volume of homes purchased by foreign buyers from April 2018 through March 2019 dropped 36% from the previous year, according to the National Association of Realtors. The decline was due to a drop in the number and average price of purchases. Foreigners bought 183,100 properties with a total value of about $77.9 billion, down from 266,800 valued at $121 billion in the previous period.](https://www.cnbc.com/amp/2019/07/17/foreign-purchases-of-american-homes-plunge-36percent-as-chinese-buyers-flee.html) + + +Being relatively new to REI, I'm curious as to what more experienced investors in our community think of this unfolding event. Will this loss of confidence in the US Real Estate Market have an effect on property values? Is this a potential sign of a market correction? + +Cheers and have a great day! +On average… everything between the nice looking places with a somewhat inventive menu, all the way down to the high-street non-descript-style places with plastic wrapped muffins on the counter with 2 other of the same type places directly across the street? + +There are so many of (both kinds of) these all across Melbourne… do they make enough to live on? + +Reference post: https://www.reddit.com/r/AusFinance/comments/ohgaax/how_much_do_pizza_kebab_sushi_places_actually_make/ +💣Whats your take on the article that while markets are going higher and higher they are just waiting for an excuse to come down 20% and the large institutional investors are positioning themselves to take advantage of the smaller mom-and-pop investors. + +The article suggests take a option out for such an event - is it a good approach? or is it better to take the profits and sit on the sidelines till the end of the year. + +[https://www.marketwatch.com/story/the-pros-are-getting-ready-for-a-market-crash-retail-investors-not-so-much-top-economist-warns-11598970447](https://www.marketwatch.com/story/the-pros-are-getting-ready-for-a-market-crash-retail-investors-not-so-much-top-economist-warns-11598970447) +Situation: Buy and hold, buying on IBKR. +What do you recommend and why? +I heared VTI VXUS has better commodities and the opposite and now I am confused +This is a lot of money to me. + +I was trying to put about 250 ETH into the recent TokenCard (TKN) ICO, and was getting anxious and frustrated because the site wasn't loading, or would only load partially so I couldn't get to the contract address. I looked in the TokenCard slack and saw that there was a pinned message with a supposed 'contract address' in it by someone who had the same name and picture as one of the mods. Operating on the assumption that only mods could pin messages and that that user was, in fact, a mod (really DUMB assumption on my part, and I paid for it, but I am also new to slack) I used the address that they provided to send my ether. + +It was 30 seconds later, when the tokencard website loaded and I saw a distinctly different address, that I started to get tunnel vision. In the next minute I was hit with a wave of extreme dread and anxiety, and I found myself covered in sweat, stumbling to the bathroom, unable to feel my arms or legs, vision fading, with an overwhelming sense of nausea. I made it to the bathroom, dry heaved into the toilet a couple of times, and then collapsed on the floor of the stall. After 15 or 20 minutes I settled down enough to physically function, but there was no way I was going to spend the rest of the day writing software. So now I'm at home sulking. No idea how I'm going to go to work tomorrow and act like everything is normal. + +Maybe if I had gotten more sleep this wouldn't have happened. To be honest, I'm going on about 3 hours sleep. I was up all night reading the TokenCard whitepaper and moving funds around so that they would be accessible for the ICO. But what's done is done. + +To the person who scammed me, if you're reading this: Good scam. What you did today wasn't some groundbreaking stroke of genius, but it was clever enough to net you 254 ETH. That's a lot of money to me- about half my annual salary- and I would really appreciate it if you were to give some or all of it back. But I understand that's probably not going to happen. + +Moral of the story is, I'm an idiot. Don't be like me. + +If ya'll have any ideas on how I can recover any of the 254 ETH I lost, I'm all ears. I also don't except to be able to do that. I know how the blockchain works. I know that all transactions are final and cryptographically secure. + +Transaction address: https://etherscan.io/tx/0x477cd3587d062e0ec123578d6518304a5fa3babdddc48dab8c6808d3a6a2518b + +EDIT: On the plus side I had to do some banking today after work so I stopped at my credit union on the way home. The guy behind me in line asked me how I was doing and I said "Not well, to be honest. I just lost $20,000". He was intrigued and we got to talking about cryptocurrency. He just happened to know all about Bitcoin, Ethereum, and other cryptoassets. Turns out he used to trade stocks for a living. He gave me his number and pointed me towards a local cryptocurrency meetup that I didn't even know existed. Always good to make a new friend, even if it costs $20,000! +CBX is now available on the LSE. Looks like its initially entering around the 13/14p per share mark after their IPO last month. + +This comes off the back of new-comers MGC Pharamaceutical (MXC) and Kanabo (KNB) to the UK cannaboid market. + +The most notable high profile backer of CBX does seem to be David Beckham, which has generated notable interest. The opinions seem to be fairly split regarding the UK cannaboid market. Both MXC and KNB proved popular if you wanted to pump and dump within the first 3 days, but others feel they are a better long term strategy depending on how legislation in the UK goes regarding cannabis. +As many of you might have noticed, the new DVLA rules mean all new properties built in 2022 will have to have an EV charging point. There is also an introduction of 'clean air zones' in a few areas of the country. + +This got me thinking if the UK has any listed charging point companies? Obviously there is ChargePoint, EVgo and others in the US but nothing major pops to my head for the UK. + +After some research, I found *Pod Point* - a market leader of charging infrastructure for EVs. They got listed early November. After a little more digging I found: + ++ they provide charging points for homes, businesses AND public ++ they install charge points for Audi, Nissan, VW and Hyundai ++ manufactured and sold 102,000 charge points as of June 2021 ++ over 5200 public charging bays including Tesco and Lidl + +- founded in 2009 which is 13 years ago. 102k in 13 years is not a lot +- has only recently IPO'd so difficult to find financial data for fundamental analysis +- although listed separately, owned by EDF energy who have their own issues currently in France as well as UK nuclear decommissioning +- future secondary issues likely (?) If they ramp up production and as more competitors enter the market + + +These are just my initial thoughts and I am definitely keeping this in my radar. I am keen to have your thoughts and suggestions if you have any other shares that you own or have in mind. + +Look forward to other people's opinions and thoughts! +I've had my S&S ISA with Vanguard for about a year and a half now. I have paid £4855 into it, and it is currently worth £5647.45. So I've had a profit of £792.45. To me that equals a ~16% increase on the £4855. However Vanguard puts my rate of return as 30.1%. How is this figure calculated? +I see so many shill posts, and some of them are even well reasoned. What I very rarely see is well reasoned criticisms of popular cryptocurrencies. So, which crypto do you think is most overvalued, and why? +**TL;DR** + +**Investment companies are filing for amendments to combine the liability of holdings not registered with the SEC investment companies and they're buying government bonds through Principal Funds and filing those, while changing the language in their contacts regarding using those funds to up their liability insurance and assumedly collateral, or at best stability.** + +**A number of these bonds have a value in the trillions.** + + + +Okay here we go + +I've spent the entire weekend pouring through SEC filings, and they tell a slow but compelling story that's been unfolding. + +Some of the screenshots are in my post history, and it's just that cause i haven't a clue how to put pictures in text. Or how it all tied together...so far. + +Yes I'm really that dumb, so i guess you can't take a grain of financial advice from this. + +But I'm going to try my best anyway to spell it what ive seen so someone who isn't dumb can look at what im seeing. + +The latest form I've been looking at is the 40APP/A which is is companies appealing to get or renew an Amendment for them and their holdings, or " Amendment Application for an Order under Section 6(c) of the Investment Company Act of 1940, as amended (“Act”) for an exemption from Sections 2(a)(32), 5(a)(1), 22(d) and 22(e) of the Act and Rule 22c-1 under the Act, under Section 12(d)(1)(J) of the Act, for an exemption from Sections 12(d)(1)(A) and 12(d)(1)(B) of the Act, and under Sections 6(c) and 17(b) of the Act for an exemption from Sections 17(a)(1) and 17(a)(2) of the Act." + +Here's Act 22c-1 for the peeps who don't want to look it up + +**** +> § 270.22c-1 Pricing of redeemable securities for distribution, redemption and repurchase. +(a) No registered investment company issuing any redeemable security, no person designated in such issuer's prospectus as authorized to consummate transactions in any such security, and no principal underwriter of, or dealer in, any such security shall sell, redeem, or repurchase any such security except at a price based on the current net asset value of such security which is next computed after receipt of a tender of such security for redemption or of an order to purchase or sell such security: Provided, That: + + +(Prospectus? That'll come up later) + +****** +12 d 1 A + +> (d)Limitations on acquisition by investment companies of securities of other specific businesses +(1) +(A)It shall be unlawful for any registered investment company (the “acquiring company”) and any company or companies controlled by such acquiring company to purchase or otherwise acquire any security issued by any other investment company (the “acquired company”), and for any investment company (the “acquiring company”) and any company or companies controlled by such acquiring company to purchase or otherwise acquire any security issued by any registered investment company (the “acquired company”), if the acquiring company and any company or companies controlled by it immediately after such purchase or acquisition own in the aggregate— +(i)more than 3 per centum of the total outstanding voting stock of the acquired company; +(ii)securities issued by the acquired company having an aggregate value in excess of 5 per centum of the value of the total assets of the acquiring company; or +(iii)securities issued by the acquired company and all other investment companies (other than treasury stock of the acquiring company) having an aggregate value in excess of 10 per centum of the value of the total assets of the acquiring company. + + +***** +12 d 1 b + + +> (b)Distribution by investment company of securities of which it is issuer + +It shall be unlawful for any registered open-end company (other than a company complying with the provisions of section 80a–10(d) of this title) to act as a distributor of securities of which it is the issuer, except through an underwriter, in contravention of such rules and regulations as the Commission may prescribe as necessary or appropriate in the public interest or for the protection of investors. + + +12 d 1 d is pretty important toooooo + + +> (d)Limitations on acquisition by investment companies of securities of other specific businesses +(1) +(A)It shall be unlawful for any registered investment company (the “acquiring company”) and any company or companies controlled by such acquiring company to purchase or otherwise acquire any security issued by any other investment company (the “acquired company”), and for any investment company (the “acquiring company”) and any company or companies controlled by such acquiring company to purchase or otherwise acquire any security issued by any registered investment company (the “acquired company”), if the acquiring company and any company or companies controlled by it immediately after such purchase or acquisition own in the aggregate— + + +***** +12 d 1 J + + > (J)The Commission, by rule or regulation, upon its own motion or by order upon application, may conditionally or unconditionally exempt any person, security, or transaction, or any class or classes of persons, securities, or transactions from any provision of this paragraph, if and to the extent that such exemption is consistent with the public interest and the protection of investors. + + +Here's more about 17(a) and 17(b). [The order is so old they just scanned it in lol](https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.sec.gov/rules/final/1968/34-8429.pdf&ved=2ahUKEwiq0Luk34jwAhWTLc0KHXAMBQAQFjAAegQIBhAC&usg=AOvVaw29IR5PAVlyq7kU-wXj80ov) + + +***** +17a + + > § 270.22c-1 Pricing of redeemable securities for distribution, redemption and repurchase. +(a) No registered investment company issuing any redeemable security, no person designated in such issuer's prospectus as authorized to consummate transactions in any such security, and no principal underwriter of, or dealer in, any such security shall sell, redeem, or repurchase any such security except at a price based on the current net asset value of such security which is next computed after receipt of a tender of such security for redemption or of an order to purchase or sell such security: Provided, That: + +***** +17 b + + > (b) For the purposes of this section, + +(1) The current net asset value of any such security shall be computed no less frequently than once daily, Monday through Friday, at the specific time or times during the day that the board of directors of the investment company sets, in accordance with paragraph (e) of this section, except on: + + +There's also a whole bunch of amendments to those if you want to read more. + +https://www.law.cornell.edu/cfr/text/17/270.22c-1 + +And ofc there are more rules in the Amendment above that aren't going to be linked here. They are publically available. + + +SO + +What are a whole shitload of banks doing filing 40/APP in the past two weeks? They're multi-filing under multiple holdings to allow all of them to not only be able to make previously prohibited decisions but also to let them all be [liable for each other.](https://www.sec.gov/edgar/search/#/dateRange=30d&category=custom&forms=40-APP) + + And, if you'll notice in the language, also so they can quickly sell securities to other (themselves I assume) investment companies and right back for profit. + +Now let's move on to this big ass sale that Banks are having, JP Morgan 13 billion, Bank of America 15 billion. Wells Fargo legit selling their asset investment holdings after combining it with Corporate and changing their numbers to reflect it. + +Principal Funds just took a shitload of Government Money Market Funds And they have filed a ton of Repurchase agreements and more to, well. Lol municipalities, federal, state, city that are insured. + + +Principal Funds has in their paperwork as reads + + > "Objective:    The Fund seeks as high a level of current income as is considered consistent with preservation of principal and maintenance of liquidity." + + +And a part of the buying contract is + + > "Repurchase Agreement Risk. If the other party to a repurchase agreement defaults on its obligation under the agreement, the Fund may suffer delays and incur costs or lose money in exercising its rights under the agreement. If the seller fails to repurchase the security and the market value of the security declines, the Fund may lose money." + +Repurchase agreements that a whole bunch of big banks are doing with Principal Funds for everything, including US Treasury. + + +https://www.sec.gov/Archives/edgar/data/898745/000089874521000318/xslN-MFP2_X01/primary_doc.xml + + + + +[Oh and for the more reading that I'm wtfing, they've made changes to the 2a-7 in 2014, here's all the amendments in blue.](https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.sec.gov/rules/final/2014/33-9616-rule-2a-7-amendments.pdf&ved=2ahUKEwiWrdmq7ojwAhWVVs0KHcVNCWsQFjAAegQIBRAC&usg=AOvVaw0gN2jW3RuvVSyD4MeSX1T4) + +More interesting readings + +https://www.law.cornell.edu/cfr/text/17/240.15c3-3a + + i need to sort from all my crazy screenshots and random links. + + + +About those changes to Money Market Funds in 2014. + +There was another time that Rule 2a-7 was amended... Right after the 2008 market crash. It even got referenced in the filings. + + +[Here's amendments in blue for 2a-7 2010.](https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.sec.gov/rules/final/2010/rule2a-7amendments.pdf&ved=2ahUKEwiMqN2i_4jwAhVPLs0KHay4Cd4QFjACegQICxAC&usg=AOvVaw0IeAzQU534KO5LOKQFgIqO&cshid=1618790764738) + + +Check out 32, which is a whole NEW addition regarding Weekly Liquid Assets that, lol, include government securities, and ones specifically offered as a discount. + +They also changed the language of Repurchase agreements. + + + +An N-MFP2 is + +FORM N-MFP +MONTHLY SCHEDULE OF PORTFOLIO HOLDINGS +OF MONEY MARKET FUNDS + + +[Look at all of them running to file and those dates. Those fucking dates. All those Liquidity Funds.](https://www.sec.gov/edgar/search/#/dateRange=30d&category=custom&forms=N-MFP%252CN-MFP1%252CN-MFP2) + + + +That must be why they're all burning the midnight oil. + + + +*** +Bonus Round: + +[Stuff they passed for 2a-7 on July 21, 2008](https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.sec.gov/rules/final/2008/ic-28266.pdf&ved=2ahUKEwiiqu6EgonwAhXMZc0KHeuZAGUQFjADegQICRAC&usg=AOvVaw12ff-HlKP-v-ulU_2J4UqW) + + +Didn't something happen in SEPTEMBER 2008? + +I guess I'll think about it while I make a Part 2, reluctantly, cause this is really hard and i have no organizational skills. + +I'll include more details that banks are buying up these through Principal Funds. Next round. + +Also, why are a bunch of retirement funds 8ks showing 1 gamestop share? Fellow apes or insurance? + +And I'll go over why prospectus is important, cause all your banks are frantically filing them to change their contract language. + +[Part 1.5](https://www.reddit.com/r/Superstonk/comments/mtt8wg/master_feeder_funds_privately_negotiated_loans/?utm_medium=android_app&utm_source=share) + +Edit: changed billions to TRILLIONS + +Edit 2: guys i learned how to bold + +Edit 3: it didn't bold nm + +Edit 4: look! i got it guys thanks for all the help and patience lmao + +Edit 5: look look i made my first hyperlink on reddit guys + +Edit 6: it looks better! +Just a quick rant, walking from work to the train station (which is about a 5 minute walk) I counted at least 5 different adverts for these services. Now most of the banks and pay pal are in on it too. Setting up lots of people to get into bad spending habits. I realise in some instances these services can be useful but most of these are just aimed at people going into debt for discretionary spending. +https://www.cnbc.com/2019/12/18/survey-nearly-7percent-of-disney-users-with-netflix-plan-to-cancel-netflix.html + +A Bank of America survey of over 1,000 Americans showed that 6.5% of respondents using both services said they plan to terminate their Netflix accounts. + +If people actually cancel Netflix subscriptions as fast as the BofA survey suggests, brokerages could have to readjust their revenue forecasts. + +To be sure, Bank of America remains positive on Netflix as a whole and recommends investors buy the stock. +Before February I was making money everyday whether it was a little or small amount. Ever since major events happened in February I’ve been down by so much. Everyday is a red day. Worst part is I can’t even sell because I’d be losing money. At least my stocks are long term investments and hopefully they’ll go back to green soon. + +Edit: hopefully we all go back to green and gains soon... +https://www.marketwatch.com/story/jp-morgan-joins-the-list-of-wall-street-banks-calling-for-the-demise-of-6040-portfolio-despite-its-success-this-year-2020-07-01 + +I never understood why young people would ever choose this. You shouldn’t worry about short term volatility. Invest in the highest expected return instruments. + +Reducing short term volatility also kills expected returns in the long run. + +Short term volatility is a result of emotions. + +Edit: if anyone is interested in more check out behavioral portfolio management by c Thomas Howard +Question. Does you use the Fibonacci tool? If so, do you recommend others learning it? + +I see some people using the fib to understand the market and banking large profits. +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! + +We purchased our PPOR 5yrs ago, took on a modest mortgage relative to our borrowing capacity, smashed the mortgage down to 55-60%LVR over the last 5 years. + +Despite the progress our interest payments now look to be back to where they were years ago thanks to the rate increases. We’ll be fine but it’s confronting to see. Can’t imagine how people who stretched themselves must be feeling! +Each week I’ll be picking a random ASX stock that I’ve rarely seen discussed online – and that I do NOT hold – that you voted for, for us to dive into for some Due Diligence (“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 Stonk of the Week. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Company name:** Yowie Group + +https://preview.redd.it/nf1aklp3c1n81.png?width=893&format=png&auto=webp&s=62a3be945e658e4595aecb52b8ee45c7f89aedf6 + +**Ticker:** YOW + +**Industry:** Consumer Discretionary + +**Headquarters:** Perth, WA + +**Market cap:** \~$12m + +**Current share price:** \~$0.057 + +**1-year Performance:** \+21.5% + +**What they do, smoothbrain version:** like a Kinder Surprise except you bought it off Gumtree. + +**What they say they do, wanky version:** “Yowie Group Limited is a global brand licensing Company, specialising in the development of consumer products designed to promote learning, understanding and engagement with the natural world through the adventures and exploits of six endearing Yowie characters.” 🍆👋 + +**What they do, actual version:** Western Australia-based **Yowie Group (ASX:YOW)** are a consumer discretionary company whose chief product line is a range of branded chocolate confectionary products highlighted by their “surprise-inside-an-egg” chocolates which contain varying lineups of collectable toys. + +In addition, the company runs a digital and content platform centered on a group of six main characters based on the Aussie legend of the “Yowie”, along with associated intellectual property and entertainment products & digital media oriented at kids. + +Much of the business’ chief messaging is oriented around pushing pro-environmental and sustainable education, including educating children about the importance of conservation and awareness of endangered Australian species. + +YOW’s consumable product itself also follows a similar theme, consisting of sustainably-sourced 100% milk chocolate that’s “every-possible-hipster’s-allergy-free” (gluten, nuts, GMO, etc. etc.) + +https://preview.redd.it/q1wencq8c1n81.png?width=1164&format=png&auto=webp&s=4b274a1fc711db82e9bd0ee2c4f60417c0aa0de4 + +The company trades their products in Australia and the USA, with the latter having become the chief area of growth. This includes distribution via larger retailers as well as grocery & convenience stores, with the main driver coming courtesy of Yowie’s partnership with the Walmart chain of megamarkets in the US. + +Yowie also build engagement via their digital offerings which include a series of quizzes and games, as well as an app used to trace ‘collections’ of toys collected – similar to an Aussie wannabe version of Pokemon. + +This encourages a level of FOMO similar to Aussie pennystock investors who want round out their portfolio with every possible Lithium speccy miner; with the idea that kids will continue to bug their mothers to repeatedly buy more Yowie eggs until they have completed the whole set. + +Each new series of toys that comes out, the process repeats itself, and creates a level of recurring revenue. + +Having been listed on the ASX for over 20 years, Yowie Group has had quite a tumultuous history for such a tiny company. + +Board takeover attempts, power grabs, court cases, forced retirements and more combine to make its background sound like something out of an Aussie version of Succession, just a chocolatey-er one with far fewer private helicopters involved. + +Competing institutional investors vying to place members in positions of power on the board, seemingly random returns of capital while the company is not profitable, and various other backstabby and drunken management decisions would be even more comical for a $12 million dollar market cap company… if it wasn’t for the fact that shareholders were losing plenty of actual money along the way. + +https://preview.redd.it/9utgn2dac1n81.png?width=1156&format=png&auto=webp&s=0ddc5e0a5ec4070e61a49cb31f3593e34bef21ac + +That fact likely ties into the fact that the company itself has been unprofitable for pretty much the entire available financial history that still exists online. + +Even at the time when its share price hit its absolute all-time peak of $1.17 towards the end of 2015 (when the company had just signed a licensing agreement with Angry Birds – remember them? – for distribution of their figures) it was losing around $9 million per year. + +Bear in mind, this is not some cutting-edge, life-changing technology company people are typically willing to price in multiples for… they sell kids’ chocolates, for fuck’s sake. + +These losses hit an all-time-high in 2017 when YOW lost nearly a cool $11 million; when they released this news to the public in their financial update for the period, the stock plummeted and then went on a multi-year down trend ever since. + +The next \~5 years were essentially a series of staggering lowlights for the company, with its operations marred by petty infighting amongst key investment groups vying for influence over Yowie’s operations and board seats. + +The saltiest of these was investment group Keybridge Capital, who after obviously seeing massive declines in the share price called for multiple attempts at getting existing board members sacked – including engaging in litigation – while continually acquiring more shares to increase their voting power & stranglehold over smaller investors of the company. + +Other investor Aurora Funds Management also had a say, having a hand in a board member of their own take a seat as well. They were both eventually able to ensure new board members with backgrounds in finance and IT ended up with board seats from the end of 2020 onwards. + +This was despite the existing board members who had started to turn Yowie’s ship around lately having prior experience in fields such as confectionery & FMCG, one of whom notified of his intention to ‘retire’ in 2021 (more on this below). + +A couple of years’ worth of cost-cutting measures and one Covid-lockdown-lucky-boom later, and in financial year 2021 Yowie actually reported its first profitable year of business in memory after several consecutive quarters of stronger performance & increased revenue. + +https://preview.redd.it/mfpgozdcc1n81.png?width=895&format=png&auto=webp&s=4c64f87c028d7e321c7ce4d17949baeef7312b85 + +For the first time in nearly a decade, Yowie’s share price experienced a gradual uptick, recording a 21+% investment return over the past year. + +So, as we sit here in 2022, does this memest of meme companies (well, 2-nd most, second only to [you-know-who](https://www.marketindex.com.au/asx/dlc)) actually now warrant some of your investment dollars moving forward? Let’s take a look below. + +Yowie Group are based in Perth, WA and listed on the ASX in 1999. The company has returned investors -2.45% (with no dividends paid) per year annualised over the past 10 years. + +**What looks good:** + +* Yowie experienced a 46% higher grand total of sales year on year for 2021 over 2020, as Covid lockdowns had a positive effect on the sale of chocolate and confectionery goods and non-tourism discretionary spend across the globe. +* This led to a profit after tax of US$0.98 million, compared to a loss of around $6.8 million over the previous year. Yay, progress…? +* Its current market cap is still pretty damn low considering what hey have asset-wise. An AUD $12 million market cap for a company that has around US $8 million in cash means it’s basically valued at its cash-value not taking into account any inventory, intellectual property, distribution network & agreements, etc. +* At the current share price you’d essentially be “buying its cash” and then getting the rest of the company “for free”. Currently its total assets are valued at just under US $13 million – more than its market cap. +* That $8 million US in cash is down on the previous year, but the company used some to build inventory in case of supply chain issues (which turned out to be prudent). +* Yowie Group has no debt, and hasn’t for any of its past recent history. So that’s something in the favour of management’s financial acumen, I guess: + +https://preview.redd.it/skarki6kc1n81.png?width=846&format=png&auto=webp&s=0297fa2f486d672159177414153355097c9f084d + +* Management have indicated that moving into the end of 2021 they have a backlog of orders, an indicator that their product is still “in demand” at a base level. +* Yowie has a strong social media presence with high engagement. That might not sound like much, but it’s important for direct to consumer retail – particularly on Facebook, in which it is undeniably a winner with the ever-valuable “mums buying kids items they don’t need” demographic: + +https://preview.redd.it/85jen5slc1n81.png?width=804&format=png&auto=webp&s=4d3ee63258f2cc03b04a57d1685a556906be7d11 + +* Likewise, the company’s conservation / wildlife-centric angle gives them a good base “engagement-bait” content catalogue to use that works particularly well on social (images of cute animals + positive conservation messaging) = “Karen Jones likes this ❤” +* Yowie’s creative team has proven they can produce YouTube videos that get incredibly high levels of engagement, with some of its most popular boasting several million views: + +https://preview.redd.it/40auwwknc1n81.png?width=1322&format=png&auto=webp&s=c362564af9a4fbc06d7c882335b357e0a4dfeaf8 + +* The company boasts some decent, cute intellectual property for kids that could translate to them pivoting well into more of a ‘content’ company rather than just a chocolate producer with some animated stuff on the side. +* With effort put into better cartoons, etc. to build YouTube presence, and the odd in-house-developed app-game with more microtransactions built in, there could be potential for an untapped revenue stream here that would rely less on supply chains and distribution of physical goods. +* In the past, the company has brought on board members with confectionery / FMCG experience including chocolate-specific job roles, with longstanding experience in brands such as Mars and Campbell Soup represented. +* As the world has been opening back up, positive trends in retail consumption rates & consumer discretionary spend have likewise increased as people still remain fearful/hesitant to spend their money on travel: + +[SOURCE: AFR.COM](https://preview.redd.it/5by9qyzrc1n81.png?width=707&format=png&auto=webp&s=5a876ea2f855e6f0bc0cf85ef6763237c31d44f4) + +* At its heart, pro-environmental messaging to kids is no doubt admirable, not only from an ethical perspective, but also a marketable “ESG” perspective. An investment in Yowie is putting money behind positive and worthwhile messaging, if nothing else. +* Based on its most recent positive earnings report to end 2021/start 2022, the company is trading on a P/E of about 5, which puts it well under the industry average of both the market and the Aussie food & consumer discretionary companies on the ASX. +* Has not required any capital raises and/or caused dilution of the share registry that have caused shareholders additional pain on top of everything else. +* The recent strength of the Australian dollar could be working in the company’s favour given its dual operations in the US/domestically. +* Its share price has been on a consistent up-trend for the past \~year; at least all the potential green from this change in sentiment may encourage investors who otherwise wouldn’t have given YOW a look at all in the past by decreasing the “scare” factor somewhat. + +**What doesn’t look good:** + +* Was this temporary boom in sales only a result of an upswing in chocolate consumption during Covid lockdowns, and unsustainable moving forward? Regardless of how well management have done recently to cut down on unnecessary capex, it can’t influence the bottom line enough if its only recent positive year was because people were gorging themselves on chocolate while locked at home. +* Institutional ownership of YOW is quite high; while we usually would look at this as a positive for small and micro-cap companies, in this case it seems to be the opposite case & the source of much of its share price misery. Much of this has been the result of the infighting for board control from its insto’s – again, so unusual for such a small company. + +[THESE GUYS MUST REALLY LIKE CHOCOLATE WITH TOYS IN IT. ](https://preview.redd.it/xul11haxc1n81.png?width=840&format=png&auto=webp&s=b0679eba4f9428dffc039974b2480fbc3bcc5e4d) + +* For this Institutional investment ownership, one can’t help but wonder what their actual intentions are. Are they aiming to raid its assets and finances? Why are they so strongly on board for control of a company that just continually loses money? Are there some hidden positives such as tax benefits for supporting companies with ‘environmental’ messaging? +* Being so reliant on one single centre of distribution – Walmart – in the US is risky. Companies such as this are almost entirely dependent on maintaining consistent levels of shelf-space visibility in order to get their product in front of consumers’ eyes; should this dissipate, it would be a big blow to the company. +* As a stock, it’s incredibly illiquid and experiences very low trading volume (an average of around \~$6k worth of shares traded per day). It likely trades at a discount in part because of this alone, as people fear getting trapped in the stock in the event of bad news. +* Despite pushing itself as also a “digital brand”, Yowie’s website receives pretty miserable quantities of web traffic per month. While a lot of its brand interaction probably takes place on un-owned media such as Facebook & YouTube, it’s not a great reflection of the pull of their own owned website as a hub portal: + +https://preview.redd.it/wwgbalc0d1n81.png?width=930&format=png&auto=webp&s=3145795af2ac9027e6a7c4b1d556bc68f9ceff0e + +* The company experiences pretty crappy operating margins at around 9%, and anything that cuts into these even further – such as increased costs of labour or supply chain increases – would cripple profitability even further. +* The business has simply proven very hard for management to scale over the years. Any big increase in marketing/advertising spend has mostly just resulted in money being thrown into a pit rather than any longstanding or sustainable volume growth. +* Its key product lost its advantage as the only “toy in chocolate” status upon the launch of Ferrero’s Kinder Surprise many years ago, which has since dominated market share in this incredibly niche space: + +https://preview.redd.it/nqq2gdk2d1n81.png?width=1189&format=png&auto=webp&s=0d8b32e96bb44a3222caae94f0c16db262a1cce4 + +* Inflation & rising costs of living worldwide since 2022 began & the Ukraine war hit may lead to many families “buckling down”, having to spend a greater proportion on their wallet more on essentials and less on frivolous products such as whacky toys inside chocolates. + +**Summary:** Sometimes when looking into a stock’s background and fundamentals the mind immediately glazes over, and goes beyond the detailed financials and minutiae of operations of the business. + +Instead, a single, simple question forms in the mind: *why is this company even listed on the ASX?* + +Given all the listing and administration requirements, constant disclosure consistency levels (which the company has often failed to meet) and overall level of disinterest in the stock in the eyes of retail investors, surely it would just be easier for everyone to take the business private? + +Sure, fundamentally the business might have finally turned around over the 2021 period and be actually trending in the right direction, but as an investment the question keeps coming back to opportunity cost. + +With nearly 2,000 other companies on the ASX, why would you want to invest in YOW over about 1,000 other more solid businesses with more proven business models, track records, and growth indicators? Not just in the consumer discretionary, but basically any other ASX sector?+ + +Especially one with such an awkward history of management and cancelled takeover attempts, and in a current state in which the contentious status of the board seem to have opposing views, goals and business priorities for where this business is supposed to go and what it’s supposed to be. + +[AMERICANS LOVE A GOOD BOOF.](https://preview.redd.it/24hzwqr5d1n81.jpg?width=1000&format=pjpg&auto=webp&s=7708c503f4e6c3392a5c16b09a9bf1f66358db97) + +The ongoing need for Yowie to negotiate & maintain favourable pricing terms with suppliers for chocolate and toys is crucial moving forward, and it remains to be seen if the current board are here to pursue actions like this or simply pocket directors fees. + +How another quarter with inflationary pressures factored in (both to their production/supply chain and to their consumer market) will be interesting to see – IF it’s another positive couple of quarters, then it may be enough of a sign for a re-rate. + +It’s a shame, because on an asset level YOW looks fairly undervalued, but other than that the investment case is not very strong. + +Other than wanting to support an Aussie business with “feelgood” messaging, or if you believe they are onto something with potential for more monetised growth in their digital platform, there’s not much reason for parking your dollars here. + +If you want higher risk, higher reward investments, there are better to pick elsewhere on the ASX. Likewise, if you’re after small or micro-caps with no debt and that are profitable, there are plenty better to choose from as well. + +**Conclusion:** At a base level, this is a business that at the very least, does look improved compared to recent years. An effort to at least decrease spend, and optimise operations is a positive enough story albeit coming off a very low bar. + +If you were ever determined to invest specifically in YOW in the past for whatever reason, now probably looks like one of the best times ever to do so. + +However, I'd personally still avoid this one. Because while them finally becoming profitable might be a “nice” story, there’s simply no real justifiable reason to put your money here over other companies outside of some vague desire to back some ethical messaging that may make kids smile. + +This goes doubly-so when that money is probably instead just going toward lining the pockets of some petty institutional investors. A shame, because kids could use anything they can get to make them smile a little with how the world has been the past few years. + +For shareholders of YOW, likely the only thing that is going to get them smiling for more than 5 minutes in future is the possibility of a proper takeover that actually finally goes through, or a premium paid for the company before taking it private. + +Or accepting that a tiny chocolate seller with still-underway court cases is never going to be a massive drawcard to retail investors. + +**Link to web version:** [https://ausinvestors.com/yow-stock-of-the-week/](https://ausinvestors.com/yow-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/) + +**Company website:** [https://yowieworld.com/](https://yowieworld.com/) + +**MarketIndex page:** [https://www.marketindex.com.au/asx/yow](https://www.marketindex.com.au/asx/yow) + +Feel free to add your own opinions on YOW 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/tctkdr) +This is the final update to the post I made recently about the house I purchased for $8,500 cash. You can read that post and see the "before " pictures here. [https://www.reddit.com/r/realestateinvesting/comments/ejlf5x/8500\_house\_deal\_breakdown\_yes\_i\_really\_bought\_a/](https://www.reddit.com/r/realestateinvesting/comments/ejlf5x/8500_house_deal_breakdown_yes_i_really_bought_a/) In that post I explained we had a budget of up to $8k...many people were skeptical whether or not we could renovate the house for that amount! I don't blame them, it wasn't a pretty sight. I'm happy to report we beat that budget by just over $2k, with the final renovation budget coming in at $5,968. A link to the post reno pictures is at the bottom of this post. + + The breakdown ended being just about 50/50 between material and labor. Labor was $2,860, materials were $3,108. The work included major cleaning of everything, painting all surfaces (including floors, walls and ceilings) with Killz to remove the odors, we replaced the subfloor in about 90% of the house, laid new vinyl plank flooring over that, repaired/replaced most of the plumbing, added a new 220 line for a dryer, replaced all the outlets, replaced all light fixtures, ran new gas lines for the stove and a new ventless gas heater, repaired the kitchen cabinets and counter top, added new hardware to cabinets, repaired windows as needed, painted everything, bought a "new" used fridge, and I'm sure a lot of little odds and ends I'm leaving out. + +ARV is estimated to be about $50K. We rented it to a couple from our wait list for $575 per month. This gives us a gross monthly ROI of 3.97% (almost made it to 4%!). Since a lot of you have expressed concerns about the quality of tenants we get on houses like this, I thought I would give you their numbers without exposing any private data. The husband works for a economic security place doing weatherization for low income housing. He makes $2300 per month. The wife is a bank teller and makes $2000 per month. They currently have no children and no pets...although they are allowed to have pets and have a large fenced yard here, so they might get a rescue dog in the future. Although we listed this as a one bedroom, the utility room runs the entire width of the house, so half of that could easily be used as a bedroom (there is already a closet there) and there is a small area at the end of the bathroom hallway that could be made into a nursery or used as storage...so they have some room to grow if they decide to start a family. + +As always, feel free to ask questions! Once again the pictures are not meant to be professional quality. I had to use a few "during construction" pictures since we didn't do a very good job of photographing everything after it was completely finished. I think they give you a good idea of the final product, though. [https://imgur.com/a/ZKizY6Y](https://imgur.com/a/ZKizY6Y) +# UPDATE! + +**The comments on this post have been scraped for wallet addresses however, new donations are still welcome, and you can still get your commemorative NFT & prize by following these steps:** + +&#x200B; + +1. **Comment below with an image of your donation** +2. **Fill out this form:** [**https://www.physicalutility.com/pages/toys4tots**](https://www.physicalutility.com/pages/toys4tots) **(it just asks for a link to your comment of the donation and then your wallet address!)** + +**We will keep this post up until 12/26 and then return to business as normal!** + +**Have a very GMErry Holiday! 🎄🎁🧸** + +&#x200B; + +***Original Post*** + +**Tis the season for giving!** + +Ryan Kagy has a Toys For Tots fundraiser that was supposed to end today *but* he got in touch with Superstonk (yes, our sub!) to let us know that he is going to continue giving prizes away for donations until he runs out! **Every donation will also receive a commemorative NFT!** + +https://preview.redd.it/7g5g6mpq9p7a1.png?width=652&format=png&auto=webp&s=31b04f6bb44b11bbfa186002afd0dc51c3af446e + +**REDDIT INSTRUCTIONS:** + +See Above \^ Comment an image of your donation and then fill out this form: [**https://www.physicalutility.com/pages/toys4tots**](https://www.physicalutility.com/pages/toys4tots) + +&#x200B; + +**TWITTER INSTRUCTIONS:** + +Follow these steps below! + +&#x200B; + +https://preview.redd.it/0v7xbu7v7p7a1.png?width=660&format=png&auto=webp&s=fe2fd6e3783c8e987bf30e27f39f086d7b1b680d + +https://preview.redd.it/rqmzj4828p7a1.png?width=761&format=png&auto=webp&s=9e12404de86322f14f520959aea1dced6e0db17d + +https://preview.redd.it/hp7guqf98p7a1.png?width=1334&format=png&auto=webp&s=60ed064d6ea591ade449f347bba0421a93b7b93a + +https://preview.redd.it/9yc9xmjg8p7a1.png?width=740&format=png&auto=webp&s=c6174296de6d29d9b62668c139782ecbbb5f1fa0 + +https://preview.redd.it/j3ex9sek8p7a1.png?width=840&format=png&auto=webp&s=70fb2195c71070e3942e1709ae9baf5c3fabfb4d + +**Notes:** + +* Must be able to use a US address to make a donation +* LOW KARMA? No worries! All low karma donation comments will be manually approved! + +Have a very GMErry Holiday all! 🎄🎁🧸 +This might seem like a stupid question but I’m really trying to get my act together. Quit a job I hated recently and got into university, also working part time whilst studying. + +I will be getting a substantial student loan which will be payed in large lump sums 3 times per year. + +I tend to be extremely impulsive with buying things, often things I don’t really need. I know the simple answer is “*just don’t buy it*” but that hasn’t seemed to work in the past. When I have been able to save I tend to hit the £1,000 mark and manage to justify spending the savings and I’m back to square 1. + +I’m still young and living at home so much outgoings are extremely low. + +I’m going to attempt to follow the flow chart to put me on the right course. Any help is appreciated. +Hi guys, I often read about people here claiming to have big salaries in the UK (>40k per year, often more). Yet I have read that the average salary in the UK is around 30k per year. I was curious about which kind of job allows people to get a >40k salary. +After much discussion and gnashing of teeth, the time has come to change the banner. If for no other reason than that it should more accurately show the Emus/Bulls winning and not a dead Emu. The rug can not be pulled unless everyone is on board that this is an upwards market. + +&#x200B; + +We had a late addition from /u/Krogo_yago upvote his comment to vote for him. + +&#x200B; + +Make your vote, it ends Sunday + +&#x200B; + +The options put forward are below: + +&#x200B; + +[PM\_your\_1080](https://imgur.com/vq0Paqp) (after he removes the smokes) + +[balland-Cocgoblir](https://imgur.com/pTslHcx) + +[realitychecque](https://imgur.com/allB25f) + +[Bulletsadnchaos](https://www.dropbox.com/s/r3rgvine0qk5a5h/ASX-Bets-Static-Panel.png?dl=0) (which includes a hover panel) + +*Thelordofruin* (Keep the current banner) + +Krogo\_yogo . <== Upvote his comment to vote for this. + +[View Poll](https://www.reddit.com/poll/gf6ke9) +Apple has reported they they will start blocking Facebook's web-tracking tools. Last time I check about 25% of cellphones and presumably Facebook users use an iPhone. + +With Google being in competition with Facebook and Apple, it doesn't seem that far fetched for Google to do the same with Android. Seems like this could have noticeable effect on the data they can provide ad customers and in return lower the value of their ads overall. + +Thoughts? +Hello :) + +I want to learn the fundamentals of valuation from scratch. In your opinion, what is the best way to learn valuation independently? Also, who is your favorite mentor / what is the best free course? + +Thanks! +Good evening, gentlemen. + +I have read Graham's The Intelligent Investor and Security Analysis. The wisdom I believe I grasped from the man's philosophy, his approaches and the examples he gave are timeless. But I would like to ask if any of you could suggest modern books that go through modern securities and businesses that adapt the same value investing philosophy in their analyses? If you do, I would do be happy to take your recommendations. + +Thank you. +I don't know if this is the right place for this...I'm simply in pain for the sacrifices made and the lack recognition. + +My girlfriend works at a local hospital as a Rehabilitative nurse in the long term care wing. She has been employed at this facility for 5 years and has moved up in rank and pay due to tireless care and compassion for her residents. + +In May, the administration needed volunteers to work the Covid quarantine wing as they needed to separate the infected patients. This wing had 5-12 patients with one nurse to care for them all. +After discussing our fears and options for her to accept the role (and dangling bonuses and hazard pay in front of her) she took it with $1.50 extra per hour. For a total of $16.50 hr. + + +She worked the Covid unit for two months off and on as needed. As well as working other shifts. + +We have arrived at Xmas bonus time. Many CNA's work for agencies and float around to many employers, Brandie does not, she is an employee of the hospital. Word gets around that the secretaries, administrative employees found out their bonuses will be $750 due to the effort that these frontline heroes put forth in this unprecedented time. + +Brandie went to work on Friday anticipating the bonus letters for all employees on the floor. What she found was a release posted on a corkboard that in formed employees to choose from 2 options for their bonus: + +Option 1: A $20 gift card for a turkey + +Option 2: A T shirt with the hospital logo + +Brandie tested positive for Covid on Sun +I don't know if anyone even cares, but I've just been hit with a nasty shot of reality, and it had nothing to do with the financial side of the film. - Minor spoilers ahead but I'm guessing I'm the last to watch it. + +My wife has had a tough few years, past traumas causing awful, dark thoughts she can't control, intrusive images she feels make her a bad person. More than once she's told me she doesn't want to be here anymore. + +Therapy for these sorts of disorders is almost impossible for us to come by, even over here in the UK. Public health services are not trained for it, and private healthcare is obscenely priced. + +I have a decent job, but this is fighting against a mountain of debt to keep us afloat, neither of us have family we can rely on. So my minuscule dip into GME was motivated by the desire, no, the need to obtain some sort of weapon in this daily fight against life. + +But then, The scene with Mark Baum talking to his wife, about his brother's suicide. Oh god, I just cracked. I was not prepared for that scene. + +When he admitted that the first thing he did was offer him cash, I just cried, because that's exactly what I've been hoping to do, throw cash at the problem and make it go away. + +We are each other's support in this life, I just hope that holding my low x shares I can finally give her the kind of real support she deserves, hopefully, it's enough. + +Man, this film was incredible for so many reasons. It's gone 1 am here so I'm going to sleep and try to digest what I just watched. + +Holding together, forever.💎💎🚀🚀 +[https://www.marketwatch.com/articles/vanguard-sp-500-etf-fee-cut-51551457258?mod=bnbh](https://www.marketwatch.com/articles/vanguard-sp-500-etf-fee-cut-51551457258?mod=bnbh) + +$VOO Expense Ratio Lowered from 0.04% to 0.03% + +Congrats to all you Bogleheads -- the most boring investment just got a little cheaper. +So, based on internet research and just talking to people, I seem to be in a pretty good place + +As the title suggests, I am currently + +- 30 +- never married +- no kids +- making $125k/year income +- less than $10k student loans left +- work 100% remote +- do not own a car + + +Currently I live in DC, renting a room in a large group house. I pay $1500/month for this “privilege”. I like being in a city, the idea of living in the suburbs doesn’t excite me. HOWEVER, I also understand that I am just throwing away $1500 a month. I would like to buy soon, but in order to accelerate my saving I am wondering if it makes sense to stay in my current situation. + +Since I am 100% remote, I don’t necessarily have to be in dc. I can go anywhere, and I want some advice. + +What would you guys do in my shoes? What would be a good (but affordable) city to be in for another year or two while I continue to save for my first home purchase? Where will my money stretch the longest? + +Thank you! +I'm afraid I am going to get stuck with my income/debt ratio and not be able to progress forward. I know it's coming, and I want to prepare myself. + +Looking for advice on what you did to continue purchasing rental properties. + +Current situation: +Ontario, Canada +Working a salary job 80-100k +Have a side hustle that brings in 20-40k +Living at home. Bills are $1500/month + +Own: +Townhouse - refinanced 2020 to purchase the duplex +Duplex - Refinanced early 2022 to purchase the fourplex +Fourplex - purchased in september. Doing some upgrades to potentially refinance 60-100k for the next purchase. + +After expenses I'm bringing in about $2000/month in cashflow. Between this and my personal income, most cash is getting dumped into the duplex as I am converting the basement to a 1 bedroom unit which will bring in another $1200/month. + +All my mortgages are with the same big bank. My mortgage broker is saying I may be able to purchase only one property more with my current salary. Only way after that is to increase my salary significantly, which is not an option. + +Any advice is appreciated. +but you need to wake up! + + + +all those people asking whats going on.. well let me tell you. another cryptocurrency is coming very close to taking over. + + + +I love BTC and I love what the devs have accomplished in the past, but the current state of Satoshi's legacy is a nightmare! + + +These are only the first tremors. More and more will follow as Number2 gets increased media attention and people buy in basically making a self fulfilling prophecy. + + +WAKE UP, BOYCOTT JIHAN VER, GET YOUR STUFF TOGETHER OR ROME WILL BURN + + +edit: im not even talking market cap. asic resistance, scalability, steady process.. I really do not want to sound like I am promoting something here, but shits getting real, open your eyes. + + +edit2: no, the problem is NOT core you paid peons! its the guy who vouched for mtgox, who openly admits that he rather have bitcoin burn (the list is long) and his asian sidekick with oedipus complex + + +edit3: [visibility for this guy](https://np.reddit.com/r/Bitcoin/comments/6grmqv/i_hate_to_be_the_one_and_saying_this/diszbz9/) +Someone please clear this up for me + +Event 1 : I had applied for term insurance from an insurance company last month through policybazaar + +Event 2 : I got the proposal form, most of the details were wrong including my medical history and personal details, policy bazaar told they will forward it to the insurance company and that I need not worry + +Event 3 : I got the policy bond paper and none of the mistakes were corrected, I contacted the insurance company and they told me it can be updated + +Event 4 : After a 3 weeks of checking with them, They updated the data and generated a new policy bond paper as soft copy and I also got a policy change letter via email. The email said that the data has been updated. But here’s the thing the new policy soft copy does not have the corrected information and I did not get any anything mentioning what they have updated. I need to see it to ensure that these incompetent people have not fucked it up again. They are assuring me that correct details have been updated and that all I need is the policy change letter. + +I see insurance as a legal contract, I need to see the exact conditions under which the contract is operating. They are not allowing me to view the entire contract. So it is best to cancel this policy right? +Apologies for missing punctuation. It was directly copied and pasted from the tweet. + +Found here: https://twitter.com/reecewabara/status/1249389937750872064?s=21 + +“If your net worth is under £100k, the best way to increase it is by reducing your living expenses, not by investing + +Saving £200 on your rent and £200 on car expenses per month puts 4.8k extra in your pocket a year + +A 7% return on a 50k investment is only £3.5k” +I just got a really weird call from my dealership. They need me to let them run credit check again because when they did it the first time, they apparently finalized the deal without properly obtaining approval from the car's corporate office, who is the direct lender. The corporate apparently requires credit score pulled from a different credit bureau than the one the dealership pulled. So even though I put down my big down payment and signed the finance term sheet, outlining the months, taxes, and payment on the amount financed, the dealership says it needs to retroactively run my loan application again. + +I've never heard of this. What is my recourse here? I don't think they are allowed to hard pull my credit twice. The contract says dealership has 10 days to cancel the contract. I suppose they could exercise that option and take back delivery. But do I have to let them run my credit again? Of course I would not let them bait and switch me with a different interest rate. I'd rather let them take back the car, which I doubt they want to do. But can they do this? +Current job: +85k. WFH fulltime. Easy and low-stress. Management isn’t great but tolerable. Feels like I’m not growing anymore + +Job offer at another company: +115k. Go to Melb CBD office 3 days a week. More challenging role but will learn a lot. Commute would be an hour per way + +The only thing I have an issue with in the new job is the commute. Am I being too unreasonable for getting deterred by it? That’s six hours of my life I’ll never get back every week. + +On the other hand, I’m also worried that I’m too comfortable in my current job and maybe staying here might harm my hiring potential in the future. And the 30k payrise is pretty damn good. + +I don’t really have anyone to talk to about this so I’m hoping to get different points of view here. +Not looking for this to turn into a bragging session of the value of what you have. The goal is determining if we are missing something from a **functional** perspective at our aging thicc/chubby/corpulent state in life. + +Here’s what I (we [older DINKs]) have. + +**Essentials** + +* Passport. Birth certificate. SSN card. Minor other documents. + +* Signed copy of DNRs. \#yolo + +* Copy of vaccination schedule, known medical reactants and allergies + +**Functional** + +* US currency. Decent amount. All denominations. Non-sequential. + +* Foreign currency - euros, pesos, pound, Canadian - easiest to have these currency on hand for travel and then replace on return. + +* $2 bills. A fcuk ton. Also known as tipping money. (least appreciated bill [eva?!]) + +* Gift card collection. Non-expiring. Doubles as an occasional kudos for my employees but also allows the option to stay under the *radar* if needed. + +* Keys. Copies of. Cars, homes (redundant since they have electronic locks). + +**Sentimental** + +* A mushy farewell letter to each sibling. Updated yearly(ish). + +* A small coin collection hardly worth anything but represents my (late) dad’s entire numismatic hobby. + +**Misc** + +* Firearms. For sport. Not safety. EoD on this. + +Edit - Lots of questions on safe brand. It’s a gun safe from Cabelas. I think it’s the Liberty line. Not super worried about burglary. I’ll update when I confirm later today. [sub-edit: Liberty] + +Edit 2 - Not preparing for apocalypse. Not a prepper, we have no stores of canned goods, or rum, or poppies. Instead we are preparing for accidents, minor emergencies, natural disasters, travel and health events associated with aging. + +Edit 3 - I have decided to stock a (small) barrel of bourbon. Because \#yolo +[link](https://www.cnbc.com/2020/12/20/mcconnell-says-congress-has-agreed-to-900-billion-coronavirus-stimulus-deal.html?utm_content=Main&utm_medium=Social&utm_source=Facebook&fbclid=IwAR2uRFFTS_C1F32Pn2swO-ha4pde1W0MUJWq8RZywN_54slLZ-vuG98R7no#Echobox=1608504254) + +KEY POINTS +Congress reached a deal Sunday on a $900 billion coronavirus relief package, according to Senate Majority Leader Mitch McConnell. +Lawmakers will move to vote on the proposal, along with a full-year government spending bill, as soon as Sunday night. +Millions of Americans have awaited aid for months as Congress failed to agree on another plan to boost a health-care system and economy buckling under the weight of the pandemic. + +Congress reached a deal Sunday on a $900 billion coronavirus relief package, a long-delayed effort to boost an American health-care system and economy buckling under the weight of the pandemic. + +Senate Majority Leader Mitch McConnell, R-Ky., announced the agreement on a pandemic aid and full-year government spending bill. He did not delve into many details. Congressional leaders have not yet released text of the more than $2 trillion legislation, which they hope to pass in the coming hours. + +The agreement follows months of sniping on Capitol Hill over how best to fight a once-in-a-century crisis. A new round of aid cannot come soon enough for the millions of Americans who have tried to scrape together enough money to afford food and housing. + +The $900 billion coronavirus relief plan under negotiation on Capitol Hill was set to include direct payments of $600 to many adults. Some families were also expected to get $600 per child. + +The proposal was set to put at least $300 billion into small business assistance including Paycheck Protection Program loans. It would also add a $300 federal unemployment supplement and temporarily keep in place pandemic-era programs that expanded unemployment insurance eligibility. + +If those provisions expire the day after Christmas, 12 million people will lose unemployment benefits. + +The measure was also set to put critical funding into the distribution of the two FDA-approved Covid-19 vaccines. Health-care workers and top government officials have started to receive shots, and widespread inoculation in the coming months will help the world to emerge from the pandemic’s shadow. + +The rescue package was also set to send relief to hospitals, many of which have struggled to keep up with a flood of Covid-19 patients. It was also expected to put new money into education and transportation. + +As lawmakers finally reach a deal, the help comes too late for the nearly 8 million people estimated to have fallen into poverty since June. Many in Congress say the proposal will not go nearly far enough to address the scope of the health and economic crisis. + +Progressives and some Republicans have pushed for larger direct payments and retroactive federal unemployment payments. A $600 weekly supplement that buoyed millions of jobless Americans in the early months of the pandemic expired over the summer, and it took Congress months to agree to reinstate it. +$QANX + +&#x200B; + +⚡️What is QANplatform? + +QANplatform is the Quantum-resistant hybrid blockchain platform. Developers and enterprises can build Quantum-resistant smart-contracts, DApps, DeFi solutions, NFTs, tokens/cryptocurrencies on top of the QAN blockchain platform. QANplatform is the fastest blockchain to deploy to cloud platforms like Amazon AWS, it takes less than 5 minutes. Testnet will be available in Q4, 2021. + +&#x200B; + +Bulletpoints + +✅Green - lowest hardware and energy requirement on the market, you can run a node on a raspberry pi + +✅Quantum-resistant - QANplatform’s unique lattice-based cryptography secures your data transactions even against quantum computer attacks. + +✅Multi-language - enables developers to write smart contracts in ANY language + +✅ETH EVM compatible - enables developers to switch to QAN mainnet in a few minutes. + +✅Hybrid blockchain - they have a public and a private blockchain, so enterprises can choose whether they want their information available for everyone or not. + +✅Rapid 1-click deployment of the private blockchain - it takes 5 minutes to deploy the private blockchain on hardware, VMs or cloud platforms. + +&#x200B; + +🖥Website: [https://www.qanplatform.com/](https://www.qanplatform.com/) + +&#x200B; + +📲Telegram: [https://t.me/joinchat/pljSkfzFO\_YxOWU8](https://t.me/joinchat/pljSkfzFO_YxOWU8) + +&#x200B; + +📄Whitepaper: + +[https://drive.google.com/file/d/1jNsG-mX\_Ad3jHuDKHRHVKsDZbOWdQASr/view](https://drive.google.com/file/d/1jNsG-mX_Ad3jHuDKHRHVKsDZbOWdQASr/view) + +&#x200B; + +📃💻Tech paper: + +[https://drive.google.com/file/d/1RWyPrGZjtkWuVhnMUJ8\_b-1TXJdJ3i9V/view](https://drive.google.com/file/d/1RWyPrGZjtkWuVhnMUJ8_b-1TXJdJ3i9V/view) + +&#x200B; + +📊Pitch deck: [https://drive.google.com/file/d/1VfhGCHw-T1J9blNra6SH0\_J73\_XqUkEG/view](https://drive.google.com/file/d/1VfhGCHw-T1J9blNra6SH0_J73_XqUkEG/view) + +&#x200B; + +🦎Coingecko: + +[https://www.coingecko.com/en/coins/qanplatform](https://www.coingecko.com/en/coins/qanplatform) + +&#x200B; + +🐦Twitter: + +[https://twitter.com/qanplatform](https://twitter.com/qanplatform) +Especially in this job market, when they ask about salary you should give a number that you think is outrageous. At minimum 20% higher than you think you're worth. + +After five years at a corporate marketing gig I've been slowly clawing for salary increases and finally got up to $115k. In the new year, for the hell of it I started talking to other companies. After a few months of interviewing for a role I didn't think I was in the running for, I told one company that I wanted $150k to move and be a part of their team. While they spent the rest of rounds of interviews downplaying salary, they gave me an offer for exactly what I asked for. I was so shocked I accepted on the spot. + +I know it's a personal anecdote, but y'all gotta take advantage of the tight job market. The best time to find a new job is when you have one already, and ask for the moon because you might just get it. +7 months ago I kind of of took the plunge into working for myself, got an ABN and did some subcontracting work using all of they're equipment (except for basic hand tools like hammers, screwdriver's etc) and that has lead to my small welding business taking off pretty good, I've put about 10k into equipment so far, and made enough back to pay for that plus a lot extra. + + +I just landed a maintenance contract for a pretty large client that I've been doing work for for a few months, I was doing bits and pieces here and there 1-3 days a week, but this will be full time hours or more, hourly hire plus expenses (consumables and materials, no quoted work), and I now seem to be in a position to not go back to my industry as an employee at all, its kind of nuts how quickly its happened and I was expecting it. + + +I also now need to buy like 30k worth or equipment, which i can buy without loans, but its kinda hitting me how big this is. +Obviously, considering my purchase into funds and not individual stocks, I'm not a day trader. I'm 35 years old and just looking for more avenues to make my money work for me. So, am I crazy for investing a fairly large chunk of change into the stock market right now? + +I assume, even if it does crash, I'll still be in the black in another 10, 20, 30 years. But wtf do I know. lol + +Edit: I just want to let people know, when I said "a fair amount" I didn't mean "of my life savings". I just meant, it wasn't a small amount of money. Every 6 months or so, I sell off a chunk of company stocks that I get from ESPP/RSU. That money gets invested in something. This time, Vanguard funds got the money. They did, mind you, get ALL of the money I sold from company stocks. And it has been a fairly good year for us. But in another 6 moths, there will be another chunk of money to invest. + +So yeah, in the long run, it wasn't everything all at once. But on the short term, it was everything. All at once. haha +I see a lot of posts on here talking about how amazing it will be to be financially independent, and retire early. + +And rightly so. Wouldn't it be incredible to never have to work again? Work sucks, right? + +I just wanted to offer my perspective. + +I'm from a FAIRLY wealthy family, and by that, I mean wealthy enough to support me at a low-level income without my really working. I have never been afraid to quit a job, because my family is always there to catch me. I don't pay rent currently, because I live in an apartment that is owned by my family. My jobs usually don't last very long, and I am able to go for long stretches between them without working. + +Even as I'm writing this, it sounds pretty nice, but the truth is actually a lot dimmer. I struggle constantly with insecurity, and I haven't been able to hang onto a relationship for more than a few months. I'm always searching for purpose, because my life seems meaningless at times. I spend a lot of my days acting out on addictions, just trying to get away from the feeling that I am wasting my life. I don't HAVE to create anything productive, I don't HAVE to add value to the world... so why do it? I feel insecure about my place in this world, because I haven't really earned it yet. + +I'm not saying to stay in a job you hate, or that reaching for FIRE is a bad goal... but being financially independent, retiring early, not having to work... none of those things in themselves will make you happy. You will just have a different set of problems to deal with. + +I hope this doesn't offend anybody here. I wish you the best of luck on your goals, and I hope your financial dreams come true. + +&#x200B; + +EDIT: well THIS blew up. Thank you to all the people who interpreted this as what it was meant to be, a sobering and cautionary tale. + +For others, this post was written in response to other posts I've seen on here. Other posts will say, "I can't wait to never work again..." or "my life will be AMAZING when I don't have to work..." I wanted to warn you against disappointment, in case an easy life with unlimited free time turns out to be less than you thought it would be. +My wife works in a restaurant that is owned by a rather vindictive, obscenely wealthy old lady. She was being disrespected regularly by the owner and management staff, and this week put in a formal letter submitting her two-weeks notice. + +Wife is now telling me that rumor is that the owner now wants to fire her. My advice to her was, "Make sure she says the words, "You are fired." or "You are terminated." If you get fired, you can collect unemployment from her. If she says something like, "I accept your two-weeks notice, but we don't need you to work the two weeks, you can go ahead and quit today." Don't accept that. She's essentially firing you without having to pay you unemployment. + +Is that advice decent? I doubt my wife would actually claim unemployment, but it's more about the principle of the thing. "You can't quit, because you're fired!" Fuck that. If you're gonna officially fire her to make her look bad, you better be ready to do it officially, which means ponying up for unemployment, termination pay, etc. Right? +"Our updated forecast includes an expectation of a modest recession in the latter half of 2023 as we see a contraction in economic activity as the most likely path to meet the Federal Reserve’s inflation objective given the current rate of wage growth and inflation." + +https://www.fanniemae.com/research-and-insights/forecast/inflation-rate-signals-tighter-monetary-policy-and-threatens-soft-landing +Hi algotraders, spent a long time developing a working strategy which can be used live, thought I'd share some live results with you all. It's currently generating income for me and my partners and neither of us work for hedge funds or anything, mostly just part time work accumulating over a few years. We started with promising manual strategies and added more automation as we went along. + +This algorithm monitors a few thousand symbols, mostly US and CA stocks and executes anywhere between 1-30 trades per day, almost every day but with more activity around quarterly reporting. + +The strategy to generate the signals uses a few ML models trained on historical data over the past few years on data extracted from Thomson Reuters, as well as on our own proprietary formulas (in total, a few hundred features we deem most important are used in training). + +For trade execution, we wrote our own software in .NET interfacing with IBKR. Machine learning is almost all Python. + +For backtesting, we use QuantConnect as well as some in-house built software. This is mostly to try optimize certain parameters (entry/exit times, allocations, ...). + +Here are the results from my actual IBKR account so far this year: + +[Live equity curve](https://preview.redd.it/832l9mhqo4071.png?width=1578&format=png&auto=webp&s=cc203975066310ee7fddb89d58063ed55ab12800) + +One concern right now is drawdowns... as you can tell, they can still be significant and we would like to smooth out the equity curve a little bit if possible. +https://www.cnbc.com/2020/02/26/debt-among-older-americans-increases-dramatically-in-past-two-decades.html + +Total debt for Americans over age 70 increased 543% from 1999 through 2019 — the largest percentage increase for any age group, according to the Federal Reserve Bank of New York. + +Seniors have been "disproportionately harmed" by a deterioration in the country's "modest social safety net," according to a study. + +Carrying debt in retirement isn't necessarily bad if people have the cash flow to pay their bills and still live comfortably, according to financial advisors. +So I had about 3700 in cc debt. I paid for an entire semester of classes and some other stuff. I just threw 1500, which was basically my most recent paycheck, at it (minus 50 bucks). I'm not going to spend money on anything except for gas for my scooter (~$3 a tank) and maybe cheap produce if I need food. I've been eating out almost daily for the last 2 months so I need to reign that in as well. + +If something comes up I have an emergency fund that can pay rent for a few months. I pay rent on the 15th so on my last paycheck I set that amount aside already. + +My work feeds me, I have groceries for a while, and I have soylent that could take me into the beginning of next year so I dont have real food expenses right now. + +Only other bills are internet ($50) and power ($50). And cat food/litter ($35+$15) but I have lots of that. + +I have a gym membership on the card I need to cancel but I've been dreading it, even though I haven't gone in months cos they're nice people, I moved and it's much further now and it's just not practical for me to make it there because they're class based and my schedule doesnt work with it. + +This is the first time I've ever had so much on a cc, and I've had a laid back attitude about it because "eh I can always pay it back" but for the last couple months it's been bouncing back and forth. I'd throw in a lump sum payment and feel good then I'd spend a bunch because I'm well under my limit (it's the amazon prime signature visa). + +My credit report went down almost 20 points from high utilization. + +I want to start the new year off right so I'm starting now. + +The crazy thing to me is that this is more than my student loan debt from trade school, which I've just been very lazy about because the payments and interest are so low. My student loans are $2200. I'm so far ahead on payments that I dont even have a minimum payment right now and the last time I paid was july. + +I'm going to really try to kill this debt before the end of the year. Wish me luck! tips and tricks appreciated. Have any of you ever done "no spend " weeks or months? +I am a landlord of 14 doors. Been doing this for a little over 20 years, now I am 49 years old. This has always been a side hustle for me( I have a stable full time job). + +I am hearing about all these out-of-state investors looking for a property manager. Are there any landlords out there who got into property management after years of landlording? + +What are the pros/cons and how did you find properties for management? +tldr: The annual 401k contribution limit does NOT include employer matched contributions. + +The annual 401k contribution limit in 2020 is $19,500. I had always thought Employee contributions plus Employer Contributions had to be less than $19,500. This is incorrect. The $19,500 limit is just on Employee Contributions. The 401k limit for Employee contributions plus Employer contributions is $57,000 in 2020. + + Some simple math to help understand. + +Salary: $100,000 + +Employer Match: Dollar for Dollar Up to 10% + +I only opted my 401k for 10% of my paycheck because $10,000 employee + $10,000 employer > $19,500. In actuality, I could have opted in 19.5% of my paycheck. I wasted 9.5% of pre-tax dollars by thinking I had already hit my limit for the year. Hopefully some of you can learn from my mistake. +MILLIONAIRES. YES, EVEN YOU JOE FUCKHEAD WITH YOUR 1.2 SHARES. YES EVEN ME WITH MY 2+ SHARES. MILLIONAIRES. + +Fucking say it out loud. “MILLIONAIRE.” + +This will be the ONLY bone life will ever fucking throw at us. The odds of the events leading up to this happening are ASTRONOMICAL. LETS TAKE BACK THE DOLLAR. I genuinely believe I will be a millionaire. I genuinely believe we can do this. We can do this. + +WE CAN DO THIS. + +FOR YOUR LOVED ONES. FOR THOSE THAT CANT HELP THEMSELVES. FOR THOSE WHO ONLY HELP OTHERS. FOR THE CHILDREN. FOR THE ELDERS. FOR THE COMMUNITY. FOR US. FOR YOU. FOR ME. FOR GAMESTOP. POWER TO THE PLAYERS. POWER TO US. POWER TO THE APES. + +WE CAN AND WILL BE MILLIONAIRES. ALL YOU HAVE TO DO IS HODL. + +DO. NOT. FUCK. THIS. UP. IT WILL TAKE ALL OF US. + + + + +TO THE MOON YOU BEAUTIFUL BASTARDS + +EDIT: NOT FINANCIAL ADVICE +I'm an active member of this sub, but grabbed a new account to post this, as there's a few too many personal details. This was originally written for r/airforce, so it's from a military perspective, but I figured you guys would might like to read it, too. PCS/PCSing = permanent change of station, or when we move from one base to another. BAH = basic allowance for housing. + +TL;DR: Rental real estate is a pain, but can be very lucrative if done right. Here's a whole bunch of things you might need to consider. + +EDIT: Alrighty, I'm wrong about depreciation. Depreciation is still a thing, still affects your personal income taxes, but I'm heading right back to google to correct my own information. Guys, I wrote this whole thing off the top of my head based on what I have personally learned, and I sincerely apologize, I don't mean to be handing out bad advice. Looks like I personally need to learn a whole bunch more about how depreciation recapture works. + +EDIT 2: The VA and FHA loans *can* be good options. However, YOU need to shop all of your options. Do not just assume that the VA is the best way to go. If it is the best option for you, go for it. If not, go with other financing. + +Edit 3: I'm pretty risk averse when it comes to over-leveraging. I'm never going to suggest that someone buy a house with nothing down, especially not while in the military and subject to a short notice relocation. If you do your own research and choose to buy with nothing down, that's on you. I'm still not comfortable with it. + +Alright... wall of text coming in. Take what you can and leave what's not useful. Everything written here is what I've personally learned. I'm not a realtor or a professional property manager, but have been a landlord for 6+ years and have learned a lot. Most of those lessons learned had huge price tags on them, too. I purchased my first home in 2011, our second in 2014, and our third just last year. The first two are rented out. Not everything will apply to you, but here's what I've learned along the way. Topics are written in the order that I thought of them, my apologies if it's not 100% cohesive. As of right now, I have awesome tenants in both properties, but that hasn't always been the case. My approach to real estate is to 1, protect my own investment and 2, to provide a good home to my tenants. I've made some more generous financial decisions to both of those extents, and while those decisions cut into my profits a bit, I have no regrets. + +**Purchasing your first home** + +**Should I rent or purchase?** + +Don't over buy on your first purchase. + +I say again, don't over buy. + +If the market is white hot, it's going to cool off. And you don't want to be holding the chips when that happens. You really don't have the time to sit on the house and let it recover, unless you've got money somewhere you're not talking about. 2008 took about 10 years to fully recover from and to gain back the lost appreciation (most markets, at least) and you don't have 10 years. ​ If you do a zero down VA loan and roll the closing costs into the loan, it takes, on average, the first 18 months just to pay off the closing costs. Takes about 3 more years to get down to a break-even point with seller's closing costs included, and about 5 years before you'll make money. Yes, it seems like a lot of BAH to be "throwing away", but look at the actual makeup of a newly amortized mortgage - most of your payment is going towards things other than principle. + +If you bring a down payment to the table, you've mitigated that part of your risk, but you're still exposed to lose money at the sale of the house. You've still got your purchase closing costs, which, on a $190k house are probably between $6000 and $9000, depending on your financing. Most of that is money that just evaporates. + +If you can rent for LESS than the interest/insurance/taxes part of the payment and just dump the principal part into savings/mutual funds/TSP/IRA, you'll come out ahead. Granted, that normally means renting a smaller apartment instead of living in a nice house, but it's the sacrifice we make to be financially responsible. + +Money in real estate is made 3 ways: + +1, getting a good deal on the purchase. + +2, holding the property for forever and getting the appreciation. + +3, renting it out and making a profit off of someone else. + +Normally, you want a good mix of all 3. The first takes PATIENCE when you're looking to purchase, and from what you've told me, a good deal just isn't available to purchase in Vegas right now. Strike one. Are you going to live in it long enough to ride out the bubble you see and make money when you sell? Meh, maybe not. Strike two. Do you want to landlord? If you've thought about it, scroll up and re-read again. If you're still on board, then its a consideration ​ + +Renting is buying patience. Seems like in your area, patience is what you need. There's always a house to buy in the future. + +Rents do rise and fall, but they don't rise and fall nearly as fast as real estate does in a white-hot market. Hence the 1% per month rental price as an approximation. If there's a $200,000 house that's renting for $1500 a month, and the house next door sells for $220,000, the first house likely went up 10% in value. However, your landlord isn't going to jack your rent 10% in the middle of the lease just because Zillow thinks his house is now worth what the one next door sold for. If you rent, you're protected from the competitive spikes in purchasing, and are more exposed to the long-term appreciation of pricing. Your landlord's costs of ownership are fixed (unless he's on an interest only loan, and then he's stupid), so he can offer you rent at a fixed or gradually increasing rate. He's not trying to compete with other buyers to purchase a first home like you are. + +**VA Loan** + +The VA loan... not my favorite topic. First off, you're almost always better off going with conventional financing if you've got a down payment, and no one should ever purchase a home if they don't have one. The VA loan brags about not having PMI, but the funding fee is essentially pre-paid PMI. On a conventional loan, you can request that PMI be removed once you hit 78% LTV, but there's no option to un-do the prepayment of the funding fee. + +The first time the VA loan is used, the funding fee is 2.15% of the loan. After that, it's 3.3% of the loan unless the borrower brings 5% down. (https://www.veteransunited.com/education/library/va-funding-fee/) + +The max amount of loan that the VA will insure is $453,000. You can have more than one VA loan at a time, but the two can NOT total more than that amount. With the median home price today, you're likely going to be going with conventional financing on the next house, anyway. The other option is to refinance the soon to be rental with conventional financing and re-use the VA entitlement on the new purchase, but again, I tend to shy away from VA loans all together. + +When I purchased my last home, my loan officer just assumed that I'd go with VA financing. I asked her to pull a quote for conventional and give me the break-even point. She didn't want to, but I made her do it anyway. She was shocked that, wow, I was right about my financing options. Not to brag, but she's used to checking boxes on paperwork, while I'm used to scrimping to make that precious SSgt pay last as far as possible. + +**I'm buying near a military base, it's a good market, right?** + +Ah, but buying close to base is BAD for appreciation. Because of the high turnover of military personal, there's always someone trying to sell their house. Always a lot of people, actually. This leads to high inventory and low demand. When there's high inventory, people start dropping prices to sell faster. You've seen the opposite right now in Vegas - low inventory and high demand cause a price spike. Same math, different side of the equation. + +With values depressed because of high inventory, sellers in a heavily military area will likely sell for their break-even point. If sales prices don't go up, neither does value. Neither does rents, and so BAH remains flat. BAH remains flat, and the next guy can't afford to buy your house for any more than you bought it for. It's a vicious cycle and it's common near bases. In this equation, the only people making any money are the real estate agents who have an unlimited supply of customers. + +The plus side is that you can usually get a lot of house for the money near a base. The only real way to break that cycle is to have an outside economic influence bleeding off the extra inventory. This happens when a small(ish) base is located in an area with other good paying jobs. If the only places to work in a 20 minute radius are the base and retail, tread carefully. + +**Working with a realtor** + +Realtors are real estate professionals, and I always recommend a first time buyer work with a good agent. However, keep in mind that the realtor has a vested interest in you purchasing just as much home as you can. Same thing with the bank, they WANT you to borrow as much as they can reasonably let you have. Most people will make a decision about choosing a realtor based on personality and how well they "jive" with the person, but that's the wrong answer. You want someone who no-kidding knows the local market and who can educate you. + +It's like working with a military recruiter. It's their JOB to put you in the military and that's the direction they're going to steer you. And of course the recruiter is gonna tell you all the awesome things about the military - they've reenlisted and stuck around a while. Doesn't mean it's for every applicant, and it's still the applicant's job to do their own research. Same thing with the realtor. + +Anyone can show you homes and point out how awesome a kitchen is. Anyone can give you a listing from the MLS. That's not what you want. You need someone who can no kidding educate you and be your advocate. + +Now you're faced with the decision to sell or rent after your PCS. Here's some thoughts: + +**Selling expenses** + +Look at your HUD/Closing statement from when you purchased the house, but look at the seller's side of the page. Assuming you sell the house for a similar amount as you purchased (within 10% or so), you can assume that selling closing costs will also be within about 10% of those listed on the closing statement. Normally, you can assume that 10-15% of the value of the sale will be eaten up in closing costs and realtor fees. This could vary based on the terms of your sales contract, but most buyers push the seller to pay as much as possible. So, if your home is worth $200,000, you can expect to take home $170,000 - $180,000 after closing costs. If you owe more than that, then YOU will have to write a check to the bank for the difference at closing. It you owed $185,000 on the $200,000 home, and your net was $180,000, then you pay the bank the extra $5000 to close. Decide if it's worth it to "feed" the home (more details later) month to month as a rental or if it's better to take the lump sum hit now. If you rolled your purchase closing costs into the loan, did a zero-down VA, or have not owned the home very long, look at the numbers closely. The home may have appreciated enough to cover everything, it may not have. + +**Fair rental value** + +Industry standard is 1% of the property's value each month as rent. This should (should) give you a pre-expense rate of return of 12% on your money before appreciation. However, that estimate is not accurate in every market. Work with your realtor or property manager to figure out a good price point to start at. I started a little bit high, then negotiated down to my bottom line. Price too high and you won't attract a tenant. Price too low and you'll attract the wrong kind of tenant. Factor in your own expenses, but if your expenses are high, you may have to "feed" the property (more on that later). Find out what houses near you are currently renting for, and get a good guestimate for what you could get for your home. Factor in any perks - like if the washer/dryer are included, if there's a pool, if you allow pets, etc. + +1% monthly works, sorta. In a high-rental but low-ownership neighborhood, rents may be more like 1.5% of the sale-able value. In a high value neighborhood, you're likely not going to get quite 1% as anyone who can afford $5000 a month rent on a half million dollar home will just buy the thing themselves. + +**Rental expenses** + +Here's what you need to factor in when estimating your monthly expenses: + Mortgage payment + Property tax increase (more below) + Landlord's insurance (more below) + Vacancies + Turnover cost + Repairs + HOA fees + Extras like lawn care or pool maintenance + +**Vacancies** + +Industry standard is 8-10% time vacant, or about one month a year. Factor this into the price of your rent to maintain year-round profitability. You may have a year with 20% vacancy, and then your next tenant stays for 4 years. No telling what will happen. 1 vacant month each year is a generic estimate. + +**Turnover cost** + +Regardless of how awesome your tenants are, there's going to be standard wear and tear on your property. Each turnover will require a deep clean New carpet and new paint will be required every 3-5 years, more often with kids/pets/smokers. If you're not physically able to do this work, you'll be paying out-of-pocket for a contractor to do this work, and it adds up fast (mine was $40 an hour). The longer this work takes, the longer your property is empty, and it's hard to show a house that's not in good condition. Some of the more egregious turnover problems can be taken out of the security deposit, but that could also be contested by the departing tenant. + +**Utilities during turnover** + +The property owner is responsible for turning on the utilities while the home is vacant. It's very difficult to do turnover repairs without water or electricity, and almost impossible to show a home without electricity. Usually a phone call to the local utility company to re-open the utilities in your name is all it takes, but the utility company may require you leave a deposit with them. This is something your property manager can take care of for you if you're no longer in the local area. Factor this into your cost of turnover. + +**Repairs** + +Industry standard is about 10% of the rent set aside for repairs - this number combines turnover repairs AND the day-to-day issues. This could vary widely, based on the condition of the home, price of the rent, standard of tenant, etc. The more expensive rent price attracts a more financially responsible tenant, who will either take better care of the home or be pickier about you repairing every little thing. Finding a responsible tenant who treats the property well and who does the little things themselves (I had a tenant who thought I owed him lightbulbs) will go a long way. + +**Listing fees** + +The typical realtor who's listing your property for rent will take half the first month's rent as the listing fee. Half of that remains with the listing agent, and half goes to the tenant's agent. Factor this into your price of rent. Half the first month's rent, paid once a year (estimate, with 1-year leases turning over once a year), is about 4% of the annual rent cost. This is normally in addition to monthly management fees. + +**Management fees** + +Usually 10% of the monthly rent in addition to the listing fees. Make sure you're getting your money's worth with this. If you've got a good tenant and can manage repair issues long-distance, you may only need to pay for listing fees. However, that leaves your property without an eyes-on look from someone other than a tenant, and that's not wise. Either way, find a good handyman in the area and keep them on speed dial. + +**HOAs** + +Read your HOA docs and find out exactly what you need to do to rent the property. Your HOA may require board approval of your tenant. Get that process started early. If there's strict lawn care or other appearance standards, it may be beneficial to hire a lawn care company and just include it in the price of the rent. Be sure to list HOA standards in your rental contract and leave the tenant responsible for adhering to them. HOA fees are normally included in the rent so that you guarantee that they're paid. + +In a condo situation, FHA financing regulations require a certain percentage of the complex to be owner-occupied or the complex will not be eligible for typical financing. Without the ability to get FHA financing, the units will be less sell-able, and therefore will drop in value. In an effort to preserve the sale-ability and value of the entire complex, condo HOAs will deny requests to turn an owner-occupied unit into a rental IF the complex is close to that percentage. When purchasing a condo with the intent to rent in the future, ask the HOA about this. HOAs are also responsible for the maintenance of the parking lot, exterior structure, etc, and if the finances are poorly managed, it could result in an assessment against each unit. This is yet another financial contingency you must be ready for. + +In a typical single family home neighborhood, the management of the HOA can still make-or-break the rental situation. Do your research and talk to the board. + +**Pool** + +A pool is easily $40,000+ worth of value in the home, and it's likely to your financial advantage to properly maintain it. Tenants may or may not care for it the way you would, you have to make the risk management decision. Consider hiring a pool maintenance company and include it in the price of the rent. One less thing for the tenant to worry about, and you've got the asset covered. Similar consideration should be made to AC system maintenance - just have the AC guy come once a year for a tune-up and add it to the pile of expenses. + +**Pets** + +Your call on pets. Once pets live in the house, it's going to be hard to rent to non-pet owners unless you replace all the carpet. Pets can also kill the lawn and/or landscaping. I personally have pets and have had my own pets in my homes, so I've allowed my tenants to also have pets. You can attract a tenant who's willing to pay a bit more to have a good house with a good yard for their dogs. I always charge a non-refundable pet deposit, usually $250. That money will go towards cleaning or replacing the carpets or other damages directly from the pets. + +**Landlord's insurance** + +You will need a new insurance policy on the property. A typical homeowners policy covers the home AND the contents, whereas a landlord's policy covers just the home. As the landlord's policy covers less, it's generally cheaper than the homeowners policy. However, if you had any challenges underwriting your home (pool, trampoline, closeness to the water, unpermitted work, etc) you'll have those same challenges underwriting a landlord's policy. + +**Property taxes** + +Many states have a homestead exemption for a first home that's occupied by the owner. Once you rent out your home, you will lose the homestead exemption the following tax year. You will have an escrow deficiency that year (make it up in cash) and then a higher payment after that year's escrow analysis. Homestead exemption is typically $50,000 off the assessed value, so you can guestimate by adding that much to your value and then figuring out what the new taxes should be. For my house, it's about $1100 extra a year, or just shy of $100 a month. Make sure you include this in your rent pricing, and do careful research into the property tax laws of your county. + +**Cash flow break-even rent pricing** + +Mortgage payment (including increased property taxes) , +10% management fee, + +4% annual turnover, + +10% expected repairs, + +8% vacancy, + +HOA fees, + + extras (pool, lawn). + I'm not factoring in pool or lawn expenses, as those are usually considered perks and added in afterwards. + +With a property manager: payment + 32%. Without a property manager: payment + 22%. Without a property manager and self-listing: payment + 18% + +Now, take that number, and compare it to the typical market rents of houses near you. Can you cover your expenses? Break even? Come out ahead? Will you have to "feed" your home? If so, how much? + +**Feeding the home** + +Feeding the home is when you're spending more in expenses monthly/yearly than you're making in rent. Sometimes this is due to a catastrophic repair event, sometimes this is due to market fluctuation. Sometimes this is due to over-leveraging in your financing (zero down loan) and a high interest cost. Whatever the reason, you need to make a risk calculation to decide to continue feeding the property extra money or to just cut your losses and sell the house. Here's a few ways to look at it. + +First, calculate your expected net loss at closing if you were to sell the property. Next, calculate how much you'd have to "feed" it monthly. Compare the two and find out your break even point. If you're looking at a $5,000 loss at closing, but only feeding the house $200 a month, your break even point is 25 months, or 2 years. In that 2 years, your property values can go up, your cost of ownership can go down (mostly your monthly interest cost), and market rents may increase. So, 2 years from now, calculate if it's worth it to continue keeping the property and move on from there. If you're feeding it $100 a month in contrast to a potential $20,000 loss, feeding it is likely the way to go. If you're feeding it $500 monthly while looking at a $2000 closing loss, you're probably better off to just sell it and move on. + +As you pay down the house, your equity increases and the cost of ownership decreases. Your return rates will therefore increase. If your monthly mortgage pay-off amount is around $450, but your feeding the house $200, your cash flow will show that you're losing $200 monthly, but your network has an overall gain of $250 monthly. This can be a fantastic long-term strategy, if you've got the finances and budget to sustain it in the short term. + +Catastrophic repair events happen, too, but these can increase the value of the property. For example, a new AC system may be $7000, but you'll get that money back when you sell it. Its a factor in planning, but not really a month to month expense. More on that later. + +Granted, all of these numbers are looked at before the emotional factor of personal finance is considered. If it's worth it to you to spend $200 a month to keep your dream home for 2 more years until retirement, then that's an emotional decision. A perfectly reasonable one to make, if that's what you want to do. Just factor everything in together when looking at the big picture. + +**Tenant screening** + +Obviously, selecting good tenants is key to maintaining a good rental relationship. I had tenants who ended up growing pot in my house and cost me a significant amount of money. Renting to military families is also hit or miss, I've had fantastic military families in my homes and challenging military families in my homes. Even if you list the property yourself, run a full background check and look at their financial ability to pay you. I don't pay too much attention to their credit score (unless there's a glaring problem), but do look at their ability to PAY their rent on time. + +**Managing the tenant relationship** + +There's another person living in my largest financial asset. I try my best to be open and accessible, without getting too buddy-buddy. If there's an issue with the house that falls on the landlord's responsiblity, I've tried to err on the side of the tenant. For example, the month that my tenants had to heat their house with their stove while we installed a replacement HVAC system, I covered their natural gas bill. With good tenants, the good will generally pays off quite well. + +**Income Taxes** + +You will pay income taxes on your rental profit. That's after deducting your expenses. Rental property expenses are not deducted in the same way as your primary mortgage interest - that's the difference between taking the standard deduction and itemizing. I normally take the standard deduction, as I don't have personal expenses worth itemizing. However, your rental property is treated like a small business and rental expenses will count against your rental income to get the bottom line. + +The following expenses are deductible: Insurance, interest, property taxes, utilities, listing fees, management fees, HOA fees, repairs. You can also take depreciation (more later on that.) Upgrades and capital improvements are not deductible, but can be straight-line depreciated (I've never done this myself.) If, say, the roof goes bad and you spend $10,000 on a new roof, that's deductible. If you ADD on a deck, that's considered an improvement. + +The main out-of-pocket expense that you can't deduct is the principle part of your mortgage payment, as that's not an actual expense. That money still go towards increasing your net worth by increasing your equity in the property. + +I do my own taxes every year with the $79.99 version of TurboTax and a few hours worth of research. Good record keeping during the year is essential, especially when adding up all of those Lowes receipts for repairs. + +**Depreciation** + +Oh, boy... Depreciation is the idea that an asset has a limited lifespan, and after a certain amount of time, the asset will be worth zero. The IRS allows you to take a fraction of that every year, and consider it an expense against your income. (https://www.investopedia.com/articles/investing/060815/how-rental-property-depreciation-works.asp) Taking depreciation will reduce your income taxes, however, you will pay capital gains taxes on the depreciated amount when you go to sell the property. + +With long term capital gains set at 15% (for most people), chances are that you're better off taking the depreciation if your current marginal (not effective) tax rate is above 15%. There's no telling what tax rates will do in the future, though. If/when you sell the property, hopefully you'll have the cash available to pay the taxes at that time. + +Depreciation can be compared to the tax advantages of a retirement account. It's is more like the Traditional instead of the Roth, where you take the tax break now but pay for it later. + +When you sell the property (either because you wanted to or because you're dead and the estate is selling it), the capital gains taxes are paid as follows: Net of sale (market rate minus selling expenses), minus original purchase price, plus depreciation taken. + +If the house purchased for $100,000, depreciation will be around $3000 a year. Letssay, 4 years in, you've depreciated the house by $12,000. Your basis in the home is now $88,000, NOT the original $100,000. You sell it for $150,000, net $127,500 (15% of $150,000). $127,500 - $88,000 = taxable gains of $39,500 x 15% = taxes of $5925. Without depreciation, the taxable gains would have been $27,500 and taxes of $3300. + +**The emotional factor of landlording** + +My husband and I rented out our first home after we upgraded to a larger one. A few months later, he was at the home fixing a minor issue and saw how our tenant was taking care of the property. The place was dirty, smelled bad, and overall not well kept (bad tenant screening on my end). This was OUR home, the home we brought out daughter home from the hospital to, the home that we shared our wedding night in. Seeing it treated poorly by a stranger was a punch in the gut. No amount of money was worth seeing our memories misstreated like that. + +Or is it? You're going to have to decide what your emotional investment into the property is and if you can allow it to become someone else's home. This isn't a financial decision as much as it is a personal one. The personal influence can cause you to make a less than optimal financial decision concerning the property, so just keep that awareness as you make those critical decisions. + +**Internal financial management** + +Per most states' state law, rental security deposits must not be commingled with other monies. I keep a separate savings account with the security deposit and just don't touch it. Any interest that the deposit accrues is owed back to the tenant at the time that they move out. + +I have a separate checking account for my property. Rents are paid in, expenses paid out. That way, everything is in ONE location and it's easy to figure out exactly what our profit/loss is. If you're managing a property locally, get a debit card on that account for Lowes purchases. I also keep a savings account for each property for escrow and repairs. (one property is paid for, so I maintain a manual escrow account, the other is a straight emergency fund.) + +I structure my personal budget to pay my mortgages and rental expenses out of our base pay, and then use the rents to put money into retirement, savings, and my daughter's college fund. That way, if (when) there's a vacancy or a problem, I'm not coming out in the red during those months. We can at least cover our expenses on our base pay, even if there's a month or two where we don't quite get to retirement contributions. + +In addition to emergency funds set aside directly for the property, make sure you can handle the one-off catastrophic emergency. + +**Catastrophic emergency** + +Last year, I lost $22,000 in rental real estate, between rehabbing my first home, fixing up the second, recovering from crappy tenants in the second, and worse. The city hit my sewer main, said it was my fault, and I was out $10,000 in a single month. 3 years ago, the heater in my first house went out in December, and I wrote a check for $7000. I currently have $16,000 invested in 3 different sewer main re-builds under two different houses. (never, EVER again buying anything with cast iron pipes.) These things happen, and we dealt with all of this on SSgt pay. Thankfully, most of those losses have been made up over the next 1-2 years' worth of rent, but you NEED to have the cash on hand to be able to cover these types of emergencies. Good credit is also helpful - I had to borrow $10,000 once to cover turnover and repairs, but ended up coming out on top in the end. Ultimately, your rental property is likely a significant chunk of your net worth, and while it may hurt to spend ten grand on a repair issue, that's only 5% of the value of a $200,000 home. Not worth losing a whole asset over 5%. + +**The hassle factor** + +Landlording is not easy. Dealing with people, finances, local real estate markets, construction type repairs, etc. It's a package deal. Some months I spend 30 minutes on it and make a decent amount of money. Some months it's 30 hours a week and I lose money. Overall, I've done pretty well, but it's the law of averages. + +Purchasing the next home with a rental + +SOOOO... you're on the brink, ready to rent out your current house and go buy another one. Here's some things to think about: + +**Financing considerations** + +So, you've PCSed and now want to buy a new house at your next duty station. That's great, now you need to convince a loan officer to give you another mortgage for another property. + +First, you're going to have to be able to afford a second mortgage with your current debt to income ratio. If your rental mortgage is all the debt you have, you're probably in a good spot. Add in some vehicle or student loan debt, and now it doesnt look too good. + +You can use you rental income to compensate for the rental mortgage, but the bank will want to see 2 years tax returns with the income. Depending on when you converted it to a rental and what time a year you want to buy, 2 years tax returns can take closer to parts of 4 years to document. + +**Purchase conservatively** + +The bank will do all they can to max out your DTI (debt to income ratio) to earn just as much interest off of you as they can. By choosing a smaller/cheaper home for your initial or second purchases, you can reign in the budget. Think of who you're going to rent to when you PCS, and make sure you can afford to rent within BAH rates. Just because the bank says you can borrow a half million dollars on a mortgage doesn't mean you should. And if you do, you will have zero room to finance the next property. Scroll back to the top where we talked about not over-buying. + +**Leverage ratios** + +Alright, heading into the weeds here... The more you've borrowed against a property, the higher the leverage ratio. This isn't generally a problem if you're living in your own home and plan to remain there for quite some time, but it does become a factor when the bank starts looking at your suitability for the next purchase. (https://www.thebalancesmb.com/top-don-ts-in-using-real-estate-leverage-2867098) + +If you owe $90,000 on a home worth $100,000, your leverage ratio is .90, that's very high. If you owe $90,000 on a home worth $400,000, your leverage ratio is now 0.225. That's very conservative. With the same debt to income ratio, the real estate owner with the lower leverage ratio is going to be a much safer customer to the bank. You can better your leverage ratios by 1, paying down the house or 2, letting it appreciate. The first is within your control, the second is not. + +**Interest expense** + +The single greatest expense in the first year of home ownership is the purchaser's closing costs. Beyond the first year, the greatest expense on a financed property (barring an enormous catastrophic event) is the interest expense. The lower your interest expense, the higher your profit. You can lower your interest expense by 1, getting a better rate and 2, borrowing less. You can borrow less by either putting more down on the home, or by paying it down early. + +**Paying off a house early** + +So, this one is highly controversial in the landlord business. Some folks will say to borrow as much as possible against a rental property because the interest is completely tax deductible and you can leverage your cash to purchase multiple properties. It's also possible (some years) to make a better rate of return in the stock market. While both of these schools of thought have validity, it's overlooking the factor of RISK. I've personally paid off a rental property and it was one of the greatest feelings in the world. Sure, I'm not making quite as much on that money as I could, but the risk on a paid for property is much lower than with a financed property. It also doesn't count towards my DTI any more, and isn't much of a hassle factor in future property financing decisions. At a minimum, paying off the house will give you a return equal to the interest rate, minus the marginal taxes you would have paid if you had taken the deduction. However, if you achieved a greater rate of return elsewhere, you'd also owe taxes on that, at either capital gains rates or your personal marginal tax rate. + +If your goal is to churn and burn and just buy as many properties as possible, you're likely going to finance all of them as much as you can. If your goal is to retire from the military with one or two investment properties, then work towards paying them off at a reasonable rate. + +**Conventional VS creative financing** + +Creative financing is an option, but not one that most of us use. This would be something like, say, getting a loan from your uncle's IRA to buy the house, and then you pay your uncle the interest. This is do-able if you've got rich friends/family who are willing to invest in your mortgage. However, loans like this require much more documentation when you're looking at the next deal. Because banks are used to dealing with conforming loans (the fancy term for loans that fit all the rules), they may balk at a lender with a creatively financed asset in their portfolio. You'll have a greater burden of paperwork and proof to demonstrate your continued creditworthiness. + +**Rental VS Owner occupied financing** + +You can borrow money to purchase a rental, but the interest rates are usually a full or two full percentage points higher. On $100,000 borrowed, each full interest rate percentage is $1000 a year or $83 a month. Obviously, that amortizes, but that's the starting expense at month 1. + +**Refinancing a rental as a rental** + +Once the home is no longer owner occupied, it doesn't fit the criteria for owner occupied financing. A re-finance at that point (to pull cash out, clear the VA entitlement, or re-structure of payments) will likely cost that $83 per month per $100,000 borrowed. If you live in a home that will be a rental and you need to update your financing, do it before you move out. + +**Larger down payment** + +You can always entice a bank with a larger down payment. The more money you put down on the next deal, the lower their risk is. Borrowing less also raises your DTI by a smaller amount, and that can help get you approved. Coming up with a larger down payment while turning your current property AND PCSing can be challenging, so plan ahead. + +Here's another thing to think about with the down payment: Your down payment is your buffer between you and the real estate market fluctuating. If you have 5% equity in your house, and the market drops by 5%, you're basically imobile. If you have 25% equity and the market drops 5%, you're still down by that much of your net worth, but the remaining 20% equity gives you the ability to cover closing costs if you choose to sell, cover a dip in rents, etc. Better to lose money you have than money you don't. + +Let me say that again - Better to lose money you have, than money you don't. + +**Balanced portfolio** + +Guys, rental real estate isn't the whole thing. For the average homeowner, our home makes up the largest asset in our portfolio. If the house is paid for, it's probably the most significant portion of our net worth. As soon as it's rented, you now have one single asset worth a LOT of money, and all of your net worth is in the same asset class. + +Don't forget to contribute to retirement through tax advantaged accounts (IRAs, TSP, 401Ks, etc). There's been seasons in our life where we had to stop retirement contributions to get over a hump, but that should be the exception, not the norm. Do your own research if your rental property income changes the equation for you while deciding between Roth and Traditional contributions, but chances are, it shouldn't make that big of a difference. + +**Liquidity** + +This is a problem, too. $100,000 worth of home may be worth $100,000, but it's very difficult to convert a house that another family is living in, into cash. Borrowing against the property is an option, but only if your DTI can support it. Selling the property, at a minimum, will take 60 days. Maintain the amount of liquidity in your overall net worth (mine is in my emergency fund) to balance the amount that's non-liquid. Your personal liquidity needs are dependent on your financial situation and your risk tolerance, but it is a factor to consider. + +If I missed anything... ask, and I'll find an answer. Hope this is helpful to someone here. + +Hopefully this is the right sub. I'm single, 42, and childless. Retirement is set. No debt. **EDIT: This money is after Tax** + +I read the windfalls link on the sidebar, but I feel like some of my questions haven't been answered. I have followed some of the suggestions, like keeping it basically a secret and such. I'm turning to you guys and gals for a little advice, before I contact a financial planner. + +I would love to invest this money in some way to where I could live off the interest or gains, and/or make the amount grow at the same time. I'm excited by my sudden life change, but I'm not going to go crazy and blow the cash on toys, hookers, or blow. I just want to make it so I never have to work again, starting ASAP! + +Should I look into CDs? Stocks? Money Market accounts? An annuity? Put it all in savings and live off of the interest? I have been looking around the web for some ideas to bring to the planner, but a lot of the info seems dated and my Google-Fu isn't very strong! Should I trust the planner to pick the best way to go with my financial well-being in mind? +As you can tell, I'm a little overwhelmed by it all. If you guys could help me in a manner with layman's terms, I would greatly appreciate it. Thanks! :) +Why is the economic outlook for China so much better than for other countries? China seems to be the only country with projected GDP growth in 2020 and significantly higher growth in 2021 compared to others (source: oecd). I have a few ideas on what are the reasons, but why would China be so exceptional? +I'm interested in grad school working with data but the problems arising in economics fascinate me. So my ideal future would be using the power of statistics to data related to an economic issue/problem. + +My only question, however, is that econometrics and statistics look very similar to one another and the difference seems as if it's only a matter of the type of data. Would this be accurate to say? In what ways does an econometrician differ from a statistician working with economic data? Is there a difference at all? If so, is there a difference in approach or philosophy? Thanks! +I just saw this article today and trying to wrap my head around it. + +[Buffett’s Berkshire bought about $1 billion worth of Activision shares before Microsoft deal](https://www.cnbc.com/2022/02/14/buffetts-berkshire-bought-activision-stock-before-microsoft-deal.html) + +I have a few questions that I can't answer by myself. + +1. It seems like they knew about the deal but dow? +2. Is that considering an insider trading if someone from inside Activision informed Berkshire about the deal? +3. Is that the advantage of being a big investor rather than a retail investor? +4. Are we, as an individual investors, ever going to know this kinds of deals before they actually happen? How? Just by following the news? + +I just feel like if retail investors would have known that it's going to happen then most of us would have made a choice if investing in Activision too, just like people jumped on Peloton after the Amazon and Apple news. + +I am not looking to get answers for all of my questions at the moment but just a discussion on this and to know what some of you folks think of it. +My dad is looking to buy his first gas station. But, he does not want to run it. He wants to lease it out to an individual/company. + +When I search this up online, all I hear about is two options: + +1. Buying a gas station and running it +2. leasing a gas station and running it + +I am confused on the structure/relationship and would like some advice on this. + +I was wondering a few things: + +1. What factors should we look for while buying a gas station? + +I read checking for fuel leakage and running fuel storage on the property is a must. What else? + +2. How would I model this financially? + +If we are putting 20% down on a 2 mil property. 400,000 equity, 1.6 mil debt with 4% interest rate. Interest per year = 64,000. + +My research on the property shows it would yield 120K in cash flows. **But, I’m confused if that’s the case for running the entire gas station OR owning it and leasing it to an individual/company.** + +Assuming it’s for owning it and leasing it out, Earnings before taxes / Equity = 14% + +Am I doing this correctly? + +3. What are the disadvantages of owning the gas station but not running it? +4. what other questions should I be asking? + +We have experience in owning residential property but never gas stations. Insight into this would be valuable! + +If you believe I am asking for very basic advice, please let me know! I will do more research and come back with more specific questions. + +Thank you in advance! +Hey everyone, long timer lurker here but I thought I would make my first post on breaking down the data on a duplex I'm thinking about getting. I've read a couple books and taken a lot of notes from lectures on Bigger Pockets but wanted to challenge some assumption I've made on here. + +The price of the Duplex is $400,000. + +Both units are around 1250 square feet with the first one renting for $1550 and the second one renting for $1350. + +The $1550 unit has been fully remodeled and does not have a tenant currently while the second one has a tenant who has been there for a couple years and would like to stay. + +This is a gross of 34,800 with my mortgage payment (including home insurance and taxes) at around $23,600 a year ($1968 a month). I'm assuming around 7% off the top for vacancy and then around $2400 ($200 a month) for small repairs, large repairs, and maintenance. + +With all this combined I have a cash-on-cash rate of around 10% with the 1% rule falling at around 0.85%. + +My real question is if you guys think my assumptions are relatively accurate, how I could improve my assumptions, and if this seems like a worthwhile investment. + +P.S. this sub has been really awesome and I hope I get to the level where I can also contribute back! +So, I finally found a Company that will let me migrate from Germany to Spain while not slashing my salary in half, which is something I’ve been looking for for quite some time. + +Once migration happens, they agreed to cut around 20% off the German gross salary at that time and offer a regular contract from their Spanish entity. + +Sounds very good to me, especially with lower taxes and CoL, but they keep saying the contract will have “regular Spanish conditions”. They’re not into slavery so I assume their Spanish contract will be as fair as their German one, however I’m not particularly familiar with “regular Spanish conditions” especially regarding paid time off/vacation. + +Can anyone tell me something about PTO in particular or anything regarding Spanish employment contracts that I should be aware of? + +Anything else I should take into consideration like private health insurance on top of the public system? Or is it better to just go ahead and pay out of pocket for anything that isn’t covered by the public insurance? + +What about retirement savings? I’m planning to continue to put money into etfs as I do now (maybe crank them up a bit more). + +I’m not worried much about being fired/protection as the field I’m in is highly sought after, so I’m pretty confident to find something else quickly if need be. + +In case it does make any difference: I’m 38, plan to migrate in the second half of 2022, and aim for the canaries. Work in IT. + +Any hint is highly appreciated! +Thank you +I originally wrote this for the options betting sub, but the mods took it down within minutes... + +I know a lot of people here already know most of this, but I am sure not everyone is reading this sub daily anymore, and may have missed some of this info. + + + +Matt Furlong the $GME CEO, stated the following last August during earnings; + +**"After spending a year strengthening our assortment, infrastructure, and tech capabilities, we're now focused on achieving profitability, launching proprietary products, leveraging our brand in new ways, and investing in our stores,"** + +I'm not going to cover everything we already know about the above( increased product offerings immensely, two new distribution centers, new GME branded products, stock options for employees etc) + +For the first time in 3 years GME's foot traffic is higher than pre pandemic ( as of October), and with the release of God of War, MW2, Pokemon Scarlett, increased PS5 inventory 400% YoY etc , and many others this coming Q4 is looking pretty good( also notably GME's best cyclically quarter because of the holidays) . See below: + +&#x200B; + +https://preview.redd.it/fpuc5r5ysr0a1.jpg?width=1378&format=pjpg&auto=webp&s=f883b9de757a0156509e5792f8bbdf9309c2b272 + +&#x200B; + +[Pokemon Scarlett Launch yesterday](https://preview.redd.it/mrz7hc10tr0a1.jpg?width=1152&format=pjpg&auto=webp&s=ebf503374a6881f352ccfe73b82105c764277f40) + +&#x200B; + +GME started a brand new offer new offering for its Pro member's recently; spend $200 and get a free NFT on their marketplace. Now before you blast this as some sort of gimmick; keep reading.... + +&#x200B; + +[GME NFT PROMO](https://preview.redd.it/z8mluh12tr0a1.jpg?width=1280&format=pjpg&auto=webp&s=1d37b75ee6a1b82d1e0c6a1d04f5d9a82edc4516) + +GME not too long ago air dropped( sent out a free NFT) to the first 5000 users of their NFT marketplace. Those users received this [NFT Pin](https://nft.gamestop.com/token/0x0c589fcd20f99a4a1fe031f50079cfc630015184/0x8a1967f5f93da038ad570a5244879031d010b8efa5c95eadcdf7df0f8cfbd25c) . + +80 ETH in trading volume currently, 650 ish sales, ranging from .245 to .09 ETH( $300 to $100 USD roughly). [Sales Data](https://explorer.loopring.io/nft/0xdcf8ff6b4de163873066118a8eeec9e68c93e284-0-0x0c589fcd20f99a4a1fe031f50079cfc630015184-0x8a1967f5f93da038ad570a5244879031d010b8efa5c95eadcdf7df0f8cfbd25c-10) + +So I don't know about you, but even my 6 year old son told me to buy $200 from GME, as it could potentially be 100% free in the end. Either way there is a chance for a decent size discount, as there is a large GME community that can't get in on the original promo( people overseas without local stores, or those who simply missed it etc). Also there are a lot of crypto speculators too. I've personally made 700% on my 7K investment into the GME marketplace so its definitely a place where you can make money. + +I believe GME will use this same incentive structure to gain more market dominance in both the video game & collectable industry. For example if GME convinces Sony to sign up at their marketplace and offer an NFT collection, GME could bundle this collection as free incentive to those who purchase a God of War PS5 bundle through GME. This would give GME a huge edge over other competitors. Sony would be incentivized to become a creator here, as they would make a royalty on every NFT sale, and they already have a fleet of digital image designers etc, so it would take very little leg work. Furthermore, and more importantly Sony would then have access to every secondary customer's wallet address, and be able to offer direct coupons or other incentives to those secondary customer that they might never have contact with. It could reel in a lot more business for Sony. I was NEVER into crypto or NFTs before GME for example. A lot of people simply will want to collect these Sony NFTS outside of monetary gains too. I have 150+ now, and some are just neat to have, just like all my Marvel cards when I was a kid in the 80/90s. I make lot of money, so its peanuts to me. My wife has 100K worth of american girl stuff, don't under estimate people's willingness to collect stuff; its human nature. Don't forget GME also gets a cut of each NFT transaction too, a double dip here on top of the original PS5 bundle sale. + +Once other businesses take note of this, many more will start reaching out to GME, and I believe GME will start basically selling their NFT marketplace services to other industries; just like they did with the [Saw Movie Game](https://nft.gamestop.com/collection/saw) . It will then more importantly cross link with their marketplace, like IMX is doing with their video game NFT customers( video game developers). A centralized hub that will increase the liquidity drastically( necessary for an type of exchange to operate, and be profitable). GME has the customer basis for this, as they have noted is one of their largest assets. + +Speaking of IMX, they have now finally integrated with the GME NFT marketplace. + +[https://nft.gamestop.com/games](https://nft.gamestop.com/games) + +&#x200B; + +https://preview.redd.it/9489s084tr0a1.jpg?width=679&format=pjpg&auto=webp&s=71cd3725f9dadf38bf39f72cbc92974d5b5771a5 + +5 million worth of trades in the first week with only 6 game collections + +The owner of IMX; [u/robbieimmutable](https://www.reddit.com/u/robbieimmutable/) mentions, " + +"More than half of these logos didn't exist 3 months ago. Immutable is onboarding web3 games at a record pace in the middle of a bear market. " + +All of these games will be going on to the GME marketplace. IIRC something like 1000+ games are in the works. + +&#x200B; + +https://preview.redd.it/00c1pra5tr0a1.jpg?width=2560&format=pjpg&auto=webp&s=e0b1c9af071eb5907f2b2b130d1ce617a4c8cd01 + +I am sure out of 1000+ there will be something for every type of gamer. Furthering GME's bottom line, some of the NFT collections are cross useable between platforms, incentivizing even more trading. + +[Cyber Crew](https://nft.gamestop.com/collection/cybercrew) and many other GME NFT collections are now doing this. + +[Cyber crew in Kiraverse game](https://twitter.com/KiraverseNFT/status/1573069779832905731?s=20) + +All of this combined with reducing store leases( 4573 down to 2963), and closing all stores in Switzerland in Q1 2023( so not yet), I expect GME to become profitable in the next 6 to 12 months. + +In 3-4 more weeks we will know more on their Q3 earnings call. If they have reduced their cash burn rate from finishing their tech investments, its going to start to get spicy. Consecutive profitable earnings would be a first in 3 years I believe, and if all of the above works out; I foresee a lot of institutional buy ins. With the float mostly owned by retail who will not sell( as proven by [DRS](https://www.computershared.net/) 8-k sec filings) this is going to make the January sneeze not even registerable on the 5 year chart.... +r/PersonalFinance has locked this post because it has turned into a legal issue. I copied the post and added more information to r/LegalAdvice. Please follow the post there if you want updates. Thank you all for your help and advice. The initial responses here were extremely helpful and I greatly appreciate it. + +https://www.reddit.com/r/legaladvice/comments/rl61cx/xpost_carmax_called_me_tonight_asking_i_return/ + +Original Post: + +I sold my car to CarMax today and the process went smoothly. It took a couple hours, but overall I was impressed. It's a car I bought new in 2018 and due to covid has low miles. They appraised it on-site for an hour and have me the price they quoted through their website. I was chuffed. + +Leaving the dealership I get this text message from an unknown number: + +> CarMax maintains the right to determine which customers it will conduct business with and, based on information in our systems, CarMax has elected to not do business with you. I don't know the exact reason, but it could be related to a prior interaction with CarMax or information you have provided. This decision is final and is applicable at all CarMax locations. + +I thought it was spam so I didn't respond, but I called carmax to tell them about this, thinking someone was using their info to scam people. The customer relations person was confused and said it was weird and gave me the corporate number and asked that I report it to them so they're aware. + +I gave up after sitting on hold, thinking I'd call back tomorrow. + +That's when the store called me directly and the manager asked that I bring back the bank draft immediately and they would give me the car. They said that corporate demanded it and they had zero information as to why. I was extremely skeptical and asked for common reasons why this could happen and he gave me nothing. He seemed nervous and asked me to call back tonight with a time I could come back or he would follow up tomorrow. + +I read the *signed* contract and the breach clause states they can demand to cancel a transaction if I misrepresented something at some point, which I haven't. + +I have nearly perfect credit, the loan is current, the car is in excellent condition (and they appraised it themselves) and we have a signed contract. My wife is on the loan and she signed everything right next to me. We didn't lie whatsoever. + +I called CarMax corporate and the nice customer service lady couldn't reach anyone at corporate (it's 6pm) so she's going to call the location GM and call me back by 7. + +I called the loan holder and they saw the loan payoff request from CarMax at 1:49pm today and confirmed the payoff amount the CarMax told me. + +I've also called my aunt, a lawyer, and told her the situation and I'll see what she says. + +But right now, I'm not doing squat. Unless they tell me how I was in breach of contract, I'm considering it valid. My only worry is that they won't pay off the loan (I already deposited the bank draft). + +All I can assume is that they didn't like the deal after the fact. They have an identical car (all options, color and mileage) listed on their lot for only $998 more than they paid to us, implying they're oy making $998 on the car they just bought from me. + +Either that or it's a case of mistaken identity? + +But seriously, has anyone ever heard of this before? What options do I have??? + +Thanks, PF. Let me know of there's a better sub for this question, but you guys are so helpful I thought of here first. :) + +Edit: corporate customer service just called back and told me that the information provide (i. e., none) was accurate and they want to unwind the deal, citing that they have the right to choose who they do business with. + +I told them that until they can show me how I breached the contract, I'm going to consider it valid and not do anything. She said she'll let legal know. + +No idea wtf their problem is. It's not like a car company has never lost money before. I can't imagine there's any other reason for this B. S. + +Final edit in r/PF: + +r/PersonalFinance has locked this post because it has turned into a legal issue. I copied the post and added more information to r/LegalAdvice. Please follow the post there if you want updates. Thank you all for your help and advice. The initial responses here were extremely helpful and I greatly appreciate it. + +https://www.reddit.com/r/legaladvice/comments/rl61cx/xpost_carmax_called_me_tonight_asking_i_return/ +Ok, so its been a little quieter round here over the last fortnight. + +&#x200B; + +We still have some new business below, also a sneak peak at what's coming up over the next week or so. + +&#x200B; + +We are getting ready for the inevitable rash of **CGT** posts, I'm actually surprised that we have not seen more already. Perhaps everyone is more hardened to the losses this time around... + +&#x200B; + +Regardless, business is business so lets get through the nitty gritty below and then fuck off to enjoy the weekend... + +&#x200B; + +&#x200B; + +**UPDATES** + +&#x200B; + +\- Blade runner has been busy [Dropping hints](https://www.reddit.com/r/ASX_Bets/comments/nzgwkg/get_ready/?utm_source=share&utm_medium=web2x&context=3) for the next Competition. + +&#x200B; + +\- u/NoSammy put up an interesting bit about [Market Manipulators.](https://www.reddit.com/r/ASX_Bets/comments/nz85xf/well_go_after_social_media_but_hedgie_and_goldman/?utm_source=share&utm_medium=web2x&context=3) Granted the piece wasn't about the **ASX**, but the implications definitely come our way and warrant a decent discussion. + +&#x200B; + +\- u/THE_SHYT posted up a contrarian view of [Sub darling DW8](https://www.reddit.com/r/ASX_Bets/comments/o03bx9/i_analysed_dw8_and_it_looks_wildly_overpriced/?utm_source=share&utm_medium=web2x&context=3), its worth a read even if you don't agree. + +&#x200B; + +\- u/Fun_Understanding_21 posted an update on the [Highest gains from DD posts](https://www.reddit.com/r/ASX_Bets/comments/nyn40m/dd_on_dd_how_200_asx_bets_due_diligence_stocks/?utm_source=share&utm_medium=web2x&context=3) series they have running. + +&#x200B; + +\- u/somewhereinrussia is doing good things, presumably not in Russia, this time with a [Charity donation](https://www.reddit.com/r/ASX_Bets/comments/nxxnpx/charity_to_support_top_voted_by_26_june_will_get/?utm_source=share&utm_medium=web2x&context=3) post. + +&#x200B; + +\- There is a [loose history of our sub](https://www.reddit.com/r/ASX_Bets/comments/nx6sbt/an_evolution_of_degeneracy_looking_back_asx_bets/?utm_source=share&utm_medium=web2x&context=3) for the super bored... + +&#x200B; + +&#x200B; + +**NEW BETS** + +&#x200B; + +\- u/luner124 claimed **LKE** would touch **26c** by June 11 or they will [Dine on live crickets](https://www.reddit.com/r/ASX_Bets/comments/nrzo8h/weekend_thread_for_general_discussion_and_plans/h0rat8b?utm_source=share&utm_medium=web2x&context=3) + +Let the record show they won the bet, thus saving any cricket the trauma of a ride in the r/ASX_Bets [Wagon...](https://www.reddit.com/r/ASX_Bets/comments/nxbruf/spotted_in_a_shitty_part_of_perth_happy_friday/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/ChZakalwe bet **ROG** to reach 2.5 cents by the 11th of June or a weeks ban. **HOWEVER**, user has deleted their comment. It appears to be part of comments deleted in general, rather than bet specific, but it is advisable NOT to delete your bet comments until settled, lest you be branded a "Piece of Shit Coward Fuck" + +&#x200B; + +\- u/WadoBJJ87 has bet **FFX** to hit 60c by the end of the month or [else a weeks ban.](https://www.reddit.com/r/ASX_Bets/comments/nw9tb8/market_open_thread_for_general_trading_and_plans/h180qz8?utm_source=share&utm_medium=web2x&context=3) They have also stated that if it hits **70c** within this timeframe they will make a **$100** donation. + +&#x200B; + +\- u/icanhasanonymity then also joined in on the [donation pledge](https://www.reddit.com/r/ASX_Bets/comments/nw9tb8/market_open_thread_for_general_trading_and_plans/h184icw?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- u/cheebaihai has umped on the **JXT** flogging train, stating that if **JXT** touches **30c** before July 1st the will [shove a gummy bear up their nose with a shot of Gin](https://www.reddit.com/r/ASX_Bets/comments/nvi5wu/market_open_thread_for_general_trading_and_plans/h13nvdc?utm_source=share&utm_medium=web2x&context=3). + +Go figure.... + +&#x200B; + +\- Another ~~victim~~ punter has hopped aboard the **IVZ** express, u/Mast3rfinish25 coming in with a bet that it will [Touch 30c](https://www.reddit.com/r/ASX_Bets/comments/nx1kwt/ivz_30c_by_end_of_july_or_3_month_ban_putting_my/?utm_source=share&utm_medium=web2x&context=3) before July 30th or its a month in r/ASX_banned. + +&#x200B; + +\- u/peglegsmeg with a blast from the past, **9SP** to hit .02 by July 11th or its a [1 month ban](https://www.reddit.com/r/ASX_Bets/comments/nx24q7/market_open_thread_for_general_trading_and_plans/h1cgzk6?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/NotTheTomatoHead has a bet running on [FFX](https://www.reddit.com/r/ASX_Bets/comments/nzljg7/next_stop_the_moon_for_morilla_the_gorilla/h1s20df?utm_source=share&utm_medium=web2x&context=3), claiming it will touch 50c by Friday June 18th or its a 2 week ban. + +&#x200B; + +&#x200B; + +**COMING DUE AT EOFY** + +&#x200B; + +So there are an awful lot of bets coming due in the before the next installment of **Bans/Updates**. + +Listed below, lets see what fuckery Old Tommy can pull out to either save or condemn the Autistic brigade... + +&#x200B; + +*- We have a second hat eating bet, with* [*u/Hasra23*](https://www.reddit.com/u/Hasra23/) *claiming that* [*JXT will hit 30c by EOFY.*](https://www.reddit.com/r/ASX_Bets/comments/li4kri/thankyou_for_your_sacrifice_bans_and_updates/gniwcvb?utm_source=share&utm_medium=web2x&context=3) + +*The standard has been set regarding the* [*consumption of hats*](https://www.reddit.com/r/ASX_Bets/comments/iv47fk/autist_eats_hat/?utm_source=share&utm_medium=web2x&context=3)*, click the link to see that Legionare's caps were on the menu last time......* + +&#x200B; + +*-* [*u/EvilShogun*](https://www.reddit.com/u/EvilShogun/) *has bet* ***IOU*** *to hit $1 by the end of the financial year or they will post the* [*survey post*](https://www.reddit.com/r/ASX_Bets/comments/lsj8c5/market_open_thread_for_general_trading_and_plans/gosd8b9?utm_source=share&utm_medium=web2x&context=3)*.* + +(*Note that when the bet was made, this would have sent the user into the shadow world for approximately 7 trillion years. However, since the* [birthday celebrations](https://www.reddit.com/r/ASX_Bets/comments/m4vmww/happy_1_year_rasx_bets_in_celebration_of_this/?utm_source=share&utm_medium=web2x&context=3) *resulted in the forgiving of all survey bans, user will only be banned for a month...)* + +&#x200B; + +*-* [*u/crookgypsy*](https://www.reddit.com/u/crookgypsy/) *claims* ***ADX*** *will hit 1.4c by* [*mid year*](https://www.reddit.com/r/ASX_Bets/comments/m6ug3z/premarket_thread_for_general_trading_and_plans/gr8bsvg?utm_source=share&utm_medium=web2x&context=3) ***(June 30th****) or they will take a months ban.* + +&#x200B; + +*-* [*u/Andrew5269*](https://www.reddit.com/u/Andrew5269/) *has bet that* [*ARU will hit $1*](https://www.reddit.com/r/ASX_Bets/comments/kxtg2m/if_aru_doesnt_hit_1_by_the_end_of_the_financial/?utm_source=share&utm_medium=web2x&context=3) *by EOFY or they will* ***eat a $100 note.*** + +&#x200B; + + *-* [*u/HyperIndian*](https://www.reddit.com/u/HyperIndian/) *has become a man, betting* ***MGT*** *will go to $****0.12*** *by the* [*30/6/21*](https://www.reddit.com/r/ASX_Bets/comments/n1hmug/market_open_thread_for_general_trading_and_plans/gwd5x0s?utm_source=share&utm_medium=web2x&context=3) *or a 6 month ban.* + +&#x200B; + + *-* [*u/Maleficent\_8448*](https://www.reddit.com/u/Maleficent_8448/) *has bet a* [*6 month holiday*](https://www.reddit.com/r/ASX_Bets/comments/n3j4ab/market_open_thread_for_general_trading_and_plans/gwqzhgb?utm_source=share&utm_medium=web2x&context=3) *on the BPH approval being done by the End of* ***June*** + +&#x200B; + +*-* u/SugeKnight_StandOver *has joined the gambling circle, taking the plunge with* ***IVZ*** *hitting 30c by June 30th or* [*A month in the shadow realm*](https://www.reddit.com/r/ASX_Bets/comments/n89k9x/premarket_thread_for_general_trading_and_plans/gxhergo?utm_source=share&utm_medium=web2x&context=3)*.* + +*-* u/phlanoe *took the contrarian route, disputing the above bet for an equal length ban and a Donation to* [*The Wombat awareness mob...*](https://www.reddit.com/r/ASX_Bets/comments/n89k9x/premarket_thread_for_general_trading_and_plans/gxjg2ua?utm_source=share&utm_medium=web2x&context=3)*.* + +*-* u/tynub89 *joined the* ***IVZ*** *ranks betting it will hit 30c by June 30th. If it does, donating* [*$400 to guide dogs*](https://www.reddit.com/r/ASX_Bets/comments/nabb9o/market_open_thread_for_general_trading_and_plans/gxswynq?utm_source=share&utm_medium=web2x&context=3)*, if it doesn't, taking a months ban.* + +&#x200B; + +*-* u/CaoticMoments *bet* ***BPH*** *permit gets denied by EOFY or they'll* [*take a weeks ban*](https://www.reddit.com/r/ASX_Bets/comments/nc397s/weekend_thread_for_general_discussion_and_plans/gy7j57x?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +*-* u/maybethough *is betting on the Helium rise, backing* ***RLT*** *to hit* [*$3 on or before June 30th*](https://www.reddit.com/r/ASX_Bets/comments/njklkl/market_open_thread_for_general_trading_and_plans/gz8wsm6?utm_source=share&utm_medium=web2x&context=3) *or it will be a month in the shadowland.* + +&#x200B; + +*-* u/check_meat *bet a months ban* ***TLG*** *with be $1.8* [*by the end of June*](https://www.reddit.com/r/ASX_Bets/comments/nlbgyy/premarket_thread_for_general_trading_and_plans/gzhriz1?utm_source=share&utm_medium=web2x&context=3)*.* + +&#x200B; + +*-* u/dunny29 *has popped the betting cherry, with a odd claim that they will* [*Adopt a Penguin*](https://www.reddit.com/r/ASX_Bets/comments/nja7t5/ffx_firefinch_dd_26_week_plan_targeting_a_50_gain/gz7wfbv?utm_source=share&utm_medium=web2x&context=3) *if* ***FFX*** *touches* ***69c*** *by* ***EOFY****.* + +*Let the record show that Coup's and dodgy governments will not stop the Penguins thriving.* + +&#x200B; + +*-* u/Rosencrantz1710 *has caught the gambling bug, this time around with a* [*Complex portfolio wager*](https://www.reddit.com/r/ASX_Bets/comments/nq851w/market_open_thread_for_general_trading_and_plans/h0a35le?utm_source=share&utm_medium=web2x&context=3)*. Its due* ***June 30th****, or its a week in* r/ASX_banned*...* + +&#x200B; + +*-* u/WistfulWhiskers *has bet* ***MAN*** *will be 40c by the end of June or the will do an* [*improvised milk keg stand*](https://www.reddit.com/r/ASX_Bets/comments/npoqxs/premarket_thread_for_general_trading_and_plans/h06hkie?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +&#x200B; + +**BANS** + +&#x200B; + +We have a special mention this week, but not for anything good. + +u/Same_Application_444, owner of the [Molten Yowie](https://www.reddit.com/r/ASX_Bets/comments/n4dhk4/if_my_investment_in_yow_doesnt_double_by_cob_1st/?utm_source=share&utm_medium=web2x&context=3) Bet has gone silent and absconded without payment. + +**Mods** contacted the user who claimed via message they would fulfill the obligation, but since then they have disappeared, leaving nothing behind but empty promises and the foul stench of Cowardice and broken dreams. + +They are a **Piece of shit Coward Fuck,** have earnt a flair of the same title and will henceforth be forever banished from the realm. + + + +\- All the bans from [last time](https://www.reddit.com/r/ASX_Bets/comments/nry9a9/donations_a_missing_taco_and_a_vote_to_be_cast/?utm_source=share&utm_medium=web2x&context=3) have been handed out. + +&#x200B; + +\- u/poowee69 owes us some proof of a **DW8** [$10k yolo](https://www.reddit.com/r/ASX_Bets/comments/nu72jn/premarket_thread_for_general_trading_and_plans/h0w4tqt?utm_source=share&utm_medium=web2x&context=3) tick tock... + +&#x200B; + +\- u/Thertrius owes us a [proof or ban](https://www.reddit.com/r/ASX_Bets/comments/o0thqo/sayona_to_the_moon_syaasx/h1x87cr?utm_source=share&utm_medium=web2x&context=3). + + FYI posting links about tweets you made doesn't prove shit... + +Tick fucking tock..... + +&#x200B; + +&#x200B; + +**TLDR** + + Θα μας σώσει ο Τομ????? +This is a great time to get a job if you're inclined. Everyone who is living off the covid relief money is going to hit the job market at the same time when it runs out and they'll all have to compete with each other. +Ortex came to us. Two years into this saga, over a month since activating their Reddit account. And they reached out to the mod team for verification 16 hours ago…. Before the events of today? For what reason? + +To be ready to go when the shit hits the fan and cut us off at the pass? Bring the whole convo to this suppressed community. And keep it off the major airwaves (Twitter and the like) where all kinds of people might take notice? + +Seems sus to me. +Let's say I buy an investment properties with intent to rent it out. If all monthly expenses (Mortgage, Taxes, Insurance) come out to $1000/month, but I'm able to rent the place out for $1300/month, what are the downsides to this? + +Isn't that just $300/month of cash flow? + +Assuming I put only like $20,000 down, that is sort of like 300\*12/20000 = 18% ROI each year. + +Am I over-simplifying this? + +Sorry if I sound Naïve, but I'm only a week or two into my research of real estate investing. Thanks! +1) They can't pay back customers + + +This means they stole customers funds! + +FTX isn't a fucking bank. They aren't supposed to have fractional reserves. They arn't allowed to lend out your assets. They are an Exchange. They are supposed to have all customers funds covered 1:1. Anything apart from this means they were committing fraud + +2) They inflated thier Balance sheets + +This is simple enough. If 1) is true then it means FTX is insolvent. They can't pay back their creditors. Namely customers who they lied to that the funds were available + +Alameda also inflated its Blc Sheet by increasing the value of its own assets. Thus pretending they are Solvent. A little company called ENRON did this too. They used this inflated Blc to get credit to gamble on crypto + +3) They traded against their customers + +They were using the data from FTX buy and Sell orders plus your own money they took! To move the market against you. They used your own money to fuck you + + +FTX was going to collapse regardless +Let’s say for example that 100,000 people all bought CALL options for AMZN stock that calls for AMZN to be at $4000 a share in March of this year. + +Does the mass purchase of these options actually affect the value of the underlying stock? + +If so how? And by what mechanism is the price driven by that? + +To me it seems like it’s just 100,000 people making a prediction but that they could all be completely off and the price is unaffected. +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! + +Perhaps I'm having something of an existential crisis, but I'm curious as to why we're doing any of this if nobody's beating SPY? Over the long run unless you are actually living off the income from theta who cares if you are less volatile than the market if you're not even beating the market? Am I wrong in saying that the huge percentage of investors are literally just wasting their time when they can just pluck their money away in SPY? + +update 8/13/2020 3:52pm EST: Thank you for the direction and comments, I think I sometimes just forget that these are not normal times, and though I started mid-June, I should not compare to the literal rocket ship of a market that has been for the last couple month because that is not the long term average. I have have many successes in rolling where a buy and hold would have lead thousands in losses with same entry and exit. Major shoutout to u/cameron9980 for the input +One argument I commonly hear against veganism is that supply and demand work on a more macro than individual scale and my individual choices (as a vegan) are unlikely to ever lead a facility producing tens of thousands of animals to adjust the number they produce. + +How accurate is this? +I see $200 a month for groceries recommended on this sub a lot. Does anybody have a shopping plan or something that they could share? Just curious as to what types of stuff I should be buying/ eating. I live in LA and am just shopping for myself, with some items being split with my roommate. +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! + + +https://www.theguardian.com/business/live/2018/sep/13/bank-of-england-ecb-turkey-interest-rate-decisions-john-lewis-profits-tumble-business-live + +lmao what a shitshow +The "contact me" page on her website is... wait for it.... non-functional. My shocked face. 😐 + +And all she's been doing recently is crying about mistreatment by... wait for it again... another journalist- on MSNBC who "emboldened her critics" after a past interview. She insists no one should trust ANY media journalist. You know... except for her, I guess. + +My other shocked face. 🙄 + +Lol I can't wait for all the shit so many "journalists" are gonna eat someday down the road here. + +Just keep DRSing your shit. Peace. +It's a common requirement in larger cities: your income is at least three (sometimes even four!) times the rent. Many will say it's to protect the landlord to assure a renter can pay the rent. + +I'm at a point where I'm chomping at the bit to get out of my current city. I found a place that's everything I'm looking for - walkable area, far away from big-city bullshit, closer the water, it's even surprisingly cheaper than my current place. But what do I run into? "Renter must provide proof of income that indicates three times the rent". + +I have very good credit, I have no evictions, no missed rent, no felonies, nothing. But, I make about 2.8 times the rent, so after talking to the management company, it looks like it's a no-go. Damn. + +But am I the odd one out for thinking this is kind of insulting? Like they assume if you only make 2.8 times the rent, you're gonna skip out on the rent to pay for bubblegum? Or that people with a lot of money can't be financially irresponsible? My overhead isn't very high at all. And if for some reason I ran into trouble, I not only have a good amount of savings, but I'm also the guy who's gonna be eating ramen and peanut butter to make sure the rents being paid no matter what. But no, what if I suddenly have to make child support and have student debt and get 2 car loans and have go pay remunerations and get my wages garnished by the IRS??? + +It just really frustrates me how I never get a chance to explain any of this, or if I did, they wouldn't care. The rule of thumb in this country is "always assume everyone's trying to fuck you over", and maybe rightfully so, but honest guys like me get lost in the shuffle because saying "I'm gold for it" means nothing to anyone. +I’m 46, I’m married 3 little kids all 6 and under. My wife stays home and home Schools our kids at the moment. + +-primary salary is $135k a year + +-Home mortgage of about $210k left, the house is probably worth $240k bought for $265k(ugh), been living in it 9 years and refined once. My area is not a booming town. + +-$160k in my 401k- unfortunately started late. Contribution 11% currently. Company matches 50% + +-emergancy savings only $5k, trying to grow this but it’s tough with one income since my wife stopped working + +-i do own 4 rental properties. This is my side hustle ( 8 total 2 bedroom units) combine all of the mortgages/tax/insurance ect I net $2k a month. I pay an extra $1k of that net back toward the loans. I have this in a separate LLC and have about $16k liquid. But am trying to get that to about $20k as a safety net. + + - we both have school loans. Mine are less than $3k and my wife is about $20k. + +-we have zero credit card debt, I’m big on never having this kind of debt. + +-we do have about $7k in emergancy medical bills that I’m on a no-interest payment plan with the hospital. + +-two auto loans totaling about $750 a month, both will be paid off in about 4 years. + +I feel like we live kind of paycheck to paycheck. We don’t live rich but I’m positive we can and should try to save more. I don’t know if I’m doing the right things toward a more secure future or drowning. Sometime it feel like both. Wife not working has been the biggest hurdle. But it’s what’s best for our kids and we both feel strongly she gets to raise them instead of daycare. Once the kids are all school aged she plans to back to work. She is teacher and her salary is about $37k. But she gets good benefits. I just wish I had parents or someone I could talk to about this. My parents both died early and i don’t really have any family members that are good with money. Any advise (hopefully positive)is welcome. +My God this pullback has brought out this surreal seething hate from people that honestly is hard to put into words. Massively up voted posts across reddit from people calling bitcoin a scam, saying that they're popping champagne watching people lose money. In what world are people that obsessed with an asset that they don't even own? Not to mention that the ENTIRE macro market is in a pullback right now, not just crypto. Yet you don't see gold, the s&p 500 ect getting anywhere near this amount of shit, it's only crypto. I'll never understand it. You don't want to own it, don't own it. But who obsesses so much about an asset that doesn't affect their lives at all is beyond me. +Today May 22, 2022 crypto lovers are celebrating Bitcoin pizza day. Our 12th anniversary. + +Previously cryptos were not accepted as a payment method, but after a man from Florida bought a meal using Bitcoin, that was all people could talk about. + +On 22 May 2010, Laszlo Hanyecz, a programmer and BTC miner from Florida, used the crypto to purchase two pizzas from Papa John’s. **It is the first physical item purchased with the first decentralized digital currency.** + +https://preview.redd.it/deaz05tzvu091.png?width=798&format=png&auto=webp&s=3e537cbd4ec411462bb1a2fb6bdda423a0709293 + +https://preview.redd.it/aohtm4qjxu091.png?width=747&format=png&auto=webp&s=c447e279f194415e477963ba08d2e05b7e2dbb37 + +**Laszlo Hanyecz who spent cryptocurrency (10,000 BTC) now worth over 295,000,000.00 USD on 2 pizzas said he has no regrets.** + +After the first transaction, Hanyecz would go on to do it many more times and spend a total of 100,000 Bitcoin on pizza that summer - now worth $2,9billion. + +THE NUMBERS ARE GROWING AND SO IS CRYPTO, more than 15,000 establishments worldwide already accept cryptocurrency as payment. + +**To commemorate Lazlo's legendary transaction, May 22 is dubbed Bitcoin Pizza Day.** + +https://preview.redd.it/93a1im5txu091.png?width=434&format=png&auto=webp&s=7278db2b0826d6476d05f28fde39d22a2df0c8e2 +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + 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! + +Hi friends,In your estimation what is the best ethereum wallet rn?I'm looking to take my eth off a couple of exchanges - as everyone should imo.. + +Ideally looking for wallets with all the necessary features (Displays NFT's, atomic swaps, something that doesn't break all the time like Metamask) + +Cheerio! + + +**EDIT:** Ty for all the great recommendations. From all the suggestions in the comments I ended up choosing [Liquality.io](https://Liquality.io). The UX felt superior and it has all the features that I was looking for. The Loopring wallet didn't quite make it for me. +Good morning! Here's the daily update on RRGs, and I will write more about each sector every Monday. + +&#x200B; + +https://preview.redd.it/k3vf9bmn4dq61.png?width=1600&format=png&auto=webp&s=24562fc3a5dd850ef938d7f833cf72ca9ecf26be + +https://preview.redd.it/iyumq1lg4dq61.png?width=1600&format=png&auto=webp&s=072e7f4ad1a933ca02d0fe92f0a2fda234f1fbe7 + +&#x200B; + +https://preview.redd.it/cqjq596m4dq61.png?width=1600&format=png&auto=webp&s=43b8ddd5930eceb63bc4562ce876226c34085737 + +I also made a chart that shows the top ten stocks with high IV (and decent volume) based on [barchart.com](https://barchart.com). + +&#x200B; + +https://preview.redd.it/xi5v6h4v4dq61.png?width=1600&format=png&auto=webp&s=ee6743360bcd3f7c6666c0b2c5d73b4d21ddad07 + +You can find stocks within each sector [here](https://imgur.com/a/4hEdBuW). + +Edit: Thank you for the gold and silvers! +Looking to get LASIK, but want the best outcome, and able to go anywhere. I’m based in the States, but have heard good things about the London Vision Clinic and some other places. Although, I’ve heard the laser machine does the surgery, and that matters more, but I’m clueless how to find what the “best” machine is. It seems like every ophthalmologist says they have the best. Also happy to hear any personal stories. +What are your thoughts on the possibility of a catastrophic housing market crash in Australia? + +Factors for: + +* Rising interest rates, pushing new purchasers to the limit and forcing over-leveraged investors to sell +* Government plans to drive up housing stock, leading to increased supply to match the existing demand +* Increased regulation resulting in tighter lending rules, locking Australians from accessing sufficient capital to make purchases + +Factors against: + +* A rapidly increasing population in Australia means that everybody needs a place to live and unlike shares which are not necessary, housing and home ownership are essential parts of our culture which will never go away +* Some people would say that keeping house prices high is good for individuals who currently own homes and/or investment properties (some of whom are in government and/or have significant lobbying power) +* Banks are lending on the assumption of an interest rate rise and many homeowners have paid off a significant chunk of their mortgage, have significant emergency buffers saved up and/or are able to cut back on living expenses to maintain their mortgages + +What are your thoughts on the future of our housing market? Is this a bubble about to burst or only the start of a massive boom? +My company has always offered 25 days of annual leave and subsidised gym memberships (tech industry), but I'm keen to hear what companies are offering post lockdowns where it's becoming harder to find candidates. + + +What does your company offer and what industry do you work in? +The Reddit Economics Network (REN) modteam is excited to announce a new [FAQ entry on carbon pricing](https://www.reddit.com/r/Economics/wiki/faq_carbonpricing) written by /u/Serialk. The FAQ covers many of the questions and misunderstandings we see repeated on the various economic subreddits as discussion of climate change has become a popular topic in the last few months. + +Please feel free to leave any comments or questions about the FAQ in this thread. + +If you are interested in contributing to the wiki by adding a new topic or updating an old entry please message the modteam. +This is a post to show the sadder side of the market. Not all stocks go up and not all companies are honest. I want to encourage more people to create DDs on companies showing the negs. I sucks just seeing all positive posts like every stock is going to go up 40-100% in the next month. So that being said here it is... + +Just wanted to make this post on following up the news released regarding the increased target of HBO MAX subs. + +Current Subs 61 million (worldwide) at the end of 2020 + +Current rev from HBO MAX 6.8B + +I am trying to figure out where they get the 6.8B number from so if we take + +61M x 15 = 915,000,000 x 12 = 10.98B + +so if the current SUBS stay with the product for 2021 with 0 growth you can expect 10.98B in rev right? + +Well not exactly, Most people get HBO MAX for free with qualifying services (AT&T unlim plan, FIBER, AT&T TV, and HBO) + +AT&T has been keeping A LOT of this info private (as far as how many people who have HBO MAX have other services and are taking advantage of the free product) so I can not bring to you guys numbers however, what I can do is theory. + +Just about every PAID TV subscription AT&T has released in the past year has shown exponential growth in the first year, only to completely decline in the few years. Lets look at AT&T TV Now (formally DirecTv Now)... 1.85M subs in 2018. Only to currently have 683,000. That is down 63%. So how does AT&T get its high numbers? Well its easy... They give away their products for free or at an extremely discounted price at the start. Shall we take DirecTv NOW as an example (Different that Direct TV) Well... AT&T faked the numbers for its DirecTV Now streaming service ahead of the company’s Time Warner merger, according to a lawsuit filed by investors, [Bloomberg reported](https://www.bloomberg.com/news/articles/2019-09-16/at-t-accused-of-faking-directv-now-accounts-ahead-of-merger). The suit alleges the media giant pressured employees to boost DirecTV Now’s numbers by secretly adding the product to existing customers’ accounts. It also claims the company touted DirecTV Now’s user growth, when in reality, subscribers were leaving as their promotional periods ended and the service’s price hikes were limiting new sign-ups. + +In addition, the suit speaks to overly aggressive sales quotas, high churn from deeply discounted promotions, technical issues, and unsustainable pricing. It noted how AT&T finally disclosed that by the end of 2018, none of the 500,000 heavily discounted DirecTV Now subscribers remained on the service, and subscriptions had dropped by 267,000 as a result. In April 2019, it reported another 83,000 subscribers had left the service, and in July, 168,000 had abandoned it. + +Why did they do this? To obtain the capital to Merge with Time Warner. Okay, well lets see here... AT&T needs money to build its 5G network... And it just so happens HBO MAX is doing amazing with record number of subs? I do not buy it, They just changed their tactic and instead of discounting the product as a stand alone service they decided to tie it in with other products that millions of people already own (AT&T unlim plan, FIBER, AT&T TV, and HBO) and give it away for free. This will keep the sub base high without the drastic drop in subs that happened to DirecTv Now. It is joke and how could this work right? Well, by making old data plans worthless by added data caps to data and hotspot as well as keeping users from accessing the 5G network without switching plans it makes customers forced to switch off their old plans onto the new ones which will most likely happen after they upgrade their phones. AT&T has pitched these plans to be cheaper when in fact they are 10% more than older plans. This is going to cause even more damage to the brand. In 2021, I predict that AT&T is going to continue to report false numbers on increased subs and rev and sometime as early as mid 2021 or 2022 the truth will come out and people are going to realize that there isnt much growth left to this company until they pay off their debt. Not to mention as AT&T plans get more expensive as T-mobile and Verizon is getting cheaper. There is a massive Façade here and they are trying to fake it in hopes it can save their div for another year. But here's were it gets interesting if the economy stays strong I personally think they can pull it off.. However, any slight economic recession can destroy this company cutting the market cap as much as 30% in the matter of months. Just look at the numbers over the last year the S&P 500 has posted a total return of just over 100% as AT&T (including the Dividend) was just 2.3%. This company is in for a tough 5 years to come and strongly encourage people to dig in deeper before investing. + +&#x200B; + +\*\*\* EDIT [**https://www.cnbc.com/2021/01/27/hbo-max-activations-double-to-17point2-million-in-fourth-quarter.html**](https://www.cnbc.com/2021/01/27/hbo-max-activations-double-to-17point2-million-in-fourth-quarter.html) + +[https://www.fool.com/investing/2021/02/17/take-hbo-max-subscriber-count-with-a-grain-of-salt/](https://www.fool.com/investing/2021/02/17/take-hbo-max-subscriber-count-with-a-grain-of-salt/) + +Good articles here explaining a current situation with the HBO MAX SUBS + +&#x200B; +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'm male, 33, married with 3 kids (5,3,0. And yes, I know. Terrible names...) + +I hit $130,000 in passive revenue this month, (not really passive. Rental real estate) and my net operating profit margin is a little under 55% right now, so I hit my goal of $60,000 NOI per month (adjusted for inflation since 2008 when I set the goal). + +It took a long time, and I'm super happy about it, but I can't tell anyone. My wife doesn't even really know how much money we have now. I'm very weird when it comes to money (ie, I bought a "new" car for $2,175 in between two +$1MM property purchases because I'm a cheapskate, and I have several hundred rental properties (all low income), but I myself live in a rental home. Again, because I'm a cheapskate and didn't want to spend down payment money on a house when I could spend it on multifamily properties) + +Total debt from my real estate portfolio is about $4,820,000 and the value is probably in that $12MM - $16MM range, which is still on the low side compared to comparable sales. + +It's not passive because I do the offsite management (cheapskate), though I don't "do" things. No fixing. No onsite. I own 11 multifamily properties in 6 states, and only 2 in the state I live in, so I only do the paperwork/bill paying/accounting side of things. + +Nobody knows. I look like a hobo sometimes because I own only 5 pairs of everyday pants, and they're all the same (4 light grey, 1 dark grey), I only wear t-shirts and wool hoodies/quarter zips. I drive an old minivan, and my wife drives a slightly less old minivan. I rent a very normal townhouse in a slightly-lower-income-but-not-too-bad part of town. + +I haven't decided what to do now with all the money, other than continue re-investing it. I kind of don't want to do that forever. My wife's a couple years older than I and is a veterinarian. She deserves nice things. However, I don't know what to get now that I've hit my goal. Obviously a house, which we'll start building this or next year, but that's all I've been able to come up with. I'll pay down some debt probably, but that doesn't translate into any meaningful lifestyle change. + +My wife is incredibly patient and supportive. I want to tell her what I've been able to build up lately, but she has zero interest in money related things. Which is a good balance, because that's about all I care about. Money scares her a little, and she asks me not to tell her too much about the finances, so I only giver her the broad strokes. She knows we're sort of rich, but living poor so that we can save up for the future. I do have an emergency file for her in case I die unexpectedly, but she knows very little about how much money we actually have. + +I have this weird mental block about spending money. Now that I've reached my goal, and since I've kept it a secret so long, it's been anticlimactic since I haven't told anyone. It's not depressing or anything, just a little air out of my sails. + +So, I figured the best place would be to post on this sub which I troll but never post on because I need to tell somebody, and the nameless kindred spirits here seem like as good a group as anyone. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + +To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +I’ve only stumbled upon this subreddit a few weeks back.But I’ve been doing algo trading for years now.Here is my story. + +Also this story is about crypto. From what I have been reading the past few weeks, this sub is rather neutral towards it, so I hope you guys don’t mind. + +This post is consisting of two parts. Part 1 is my story. Part 2 is some info about my strategy and tech used. + +**Part1: Story Time** + +First a bit of backstory. I got involved with crypto in 2013. In hindsight I should have just bought bitcoin and held it till today. + +I’ve got involved in mining both with mining services as with ASICs. I waited like a year for my Butterfly miners back then, only for them to be outdated upon arrival. Lost some BTC on MT. GOX and kind of gave up for a few years. + +Restarted in 2016. Tried my hands in day trading. But realised I could not keep up. As a software engineer, I thought: “Hey here is something I can automate”.I felt like a god in 2017 until I realised, even though I was making huge profits, it was just due to the bull run. The whole year I tried to optimize my algorithm, but the general market just outperformed me. + +So in December 2017, I gave up and cashed out. This time I was lucky and went out at the top.But it still did not let me go. Mid 2018 I started again. And this time I went in much more methodically. I started to record numbers and created statistics.And there it was: I found an asset subgroup within crypto where my algo actually worked.The only problem was I had to trade pairs outside that sub group too, to keep my trading volume up.So now I had 2 pots. Pot 1 was a requirement for pot 2 to operate but was making losses.Pot 2 was generating profits. But overall, I was still generating losses. + +In 2019 I decided it would be this cycle that would either make or break me.I’ve took out a credit to beef up my pot 2. Nothing to big. Repaying it, would cost me 6 months salary over 5 years. + +2019 was basically a black zero. I did not yet quite make it into real profit. In 2020 I finally found the right tweak that allowed me to allocate resources more precisely into individual trading pairs. + +At the End of December 2020 I’ve managed to iron out the worst bugs and optimize the code. I’ve ended up with a small profit. I’ve pig backed on the rest of the bull run and ended 2021 in a massive 147% profit. More than enough to repay the credit and offset all the losses I did until 2018. + +In 2022 the real test for my algo came, with the crypto crash it had to prove it could preserve the value during hard times. And it did with the crypto market down -58%, my portfolio is up 10%. + +**Part2: How my trader(s) work** + +Everything was written by me by hand in Java. I’ve only used libraries for things like: Exchange API, REST, WebSocket Client, JSON, etc. No trading software. + +The basic idea of my algo is: I have no idea where the price is going long term, but short term (a few minutes) the price is more or less stable. I’ve I can just do a few dozen trades every minute and squeeze out a few cents and do this fast enough, then I should be able to make profit + +First I’ve started by writing a BTC/Euro trader. Then I’ve abstracted from there to a universal trader where I’ve just passed the 2 assets I’d like to trade. Next I’ve allowed more things to be parametrised: Order Size, number of orders, speed, minimum spread, etc. + +Then came the optimization. Whit a growing number of trading pairs, single threaded programming was just not cutting it anymore. So, I rewrote the whole thing to use proper multithreading. Which lead to a whole lot of bugs and racing conditions. + +Then I’ve started to work on a 2nd trading strategy. This time it was arbitrage trading. For this I had to start using WebSocket’s as I just could not get the data in a useful way over REST. Also I had to find out where the Exchange servers where hosted and moved my virtual Server into the same region. + +My current setup looks like this: + +https://preview.redd.it/pesn2fv8kdc91.png?width=944&format=png&auto=webp&s=d2b259334d73ed0461dea434b525325197e1975c + +I’ve recently finished Abstracting my Trader into an Abstract Class that only has the Algorithm but not implements any methods to get the data. So far, I have implemented the Trade for 2 different platforms. I have an Information Broker between the Trader and the API that caches information and only gets it from the API if it is expired. + +Currently I run 17 Trader and 793 Arbitrage Trader on Kraken. 1 Trader on CoinbasePro. + +The next Steps are: + +* Adding more trading pairs on CoinbasePro +* Abstracting the arbitrage trader +* Implementing the Coinbase arbitrage trader +* Implementing the Gemini trader +* Implementing the Gemini arbitrage trader +* Implementing cross platform arbitrage trading + +Everything runs on an AWS t3a.xlarge instance (4 CPU, 16 GB). The CPU load is at 30% under normal conditions. I consume about 1.2 TB of traffic each month from the WebSocket’s. The data from the REST API is neglectable. The Trader, Arbitrage Trader and the WebSocket Client implement the Runnable Interface and are all run from an Executor to use al CPUs. All Classes from the same Exchange share one Information Broker. The WebSocket Client gets all events from all orderbooks and writes the live status to the Information Broker. + +My results from January 2021 till today look like this: + +https://preview.redd.it/t38kgz1akdc91.png?width=914&format=png&auto=webp&s=58c94b5d1d67c88129e0bd0a76c524101ccff97b + +Edit: Please don't write me any pm’s. If 8 years in crypto told me anything it is: Do not answer pm’s. +Hello, + +I'm 23. Been trading stocks since I was 19 but I've been getting more serious lately and I picked up options trading last month. I've tried a few different strategies, and right now I'm selling covered calls and credit put spreads on WKHS (most of my calls are pretty far OTM because I wouldn't be super happy getting my shares called away). I've been making a nice little profit--about two hundred a week. + +My main goal is to eventually sustain myself solely with income from selling premium (so that I can spend my free time making music), and I just really want to know if anyone out there makes a living selling options and at what age/with how much capital they were able to do so. Love this sub reddit! Thanks, guys! +Hello, + +I'm 23. Been trading stocks since I was 19 but I've been getting more serious lately and I picked up options trading last month. I've tried a few different strategies, and right now I'm selling covered calls and credit put spreads on WKHS (most of my calls are pretty far OTM because I wouldn't be super happy getting my shares called away). I've been making a nice little profit--about two hundred a week. + +My main goal is to eventually sustain myself solely with income from selling premium (so that I can spend my free time making music), and I just really want to know if anyone out there makes a living selling options and at what age/with how much capital they were able to do so. Love this sub reddit! Thanks, guys! +I am not a financial advisor and this is not financial advice. + +I've been seeing numerous posts about GME going to the hundreds of thousands or millions within a couple of days or a week or two, and I wanted to clarify some basic stuff for the new autistic apes. + +Just because GME, for example, goes to $500, it does not mean SHF get margin called, let alone close their position. Each SHF have different price points on when they get margin called. There are a lot of factors that need to be considered, such as their leverage, position amount, and assets used as collateral. + +Now let's say that a SHF does get margin called, it would take 5 days before the broker/clearing house takes over and force buy. In that 5 business days, if the price point goes below their margin requirements, that SHF is saved by the bell. It would take another margin call and another 5 business day before the liquation. + +As this affects all SHF in certain stocks, we can assume, they are all colluding together. A simple powerhouse like SIG can do many things to drop the price. I won't go into details on what they can do, as there is a lot of DD on deep itm puts/calls, shorting the ETFs with large volume of GME, or future swaps, and etc. This is simply to explain the basic that many don't seem to understand. + +[Rostin Behnam postponed bank swaps until 2023. They think you'll forget and not care.](https://preview.redd.it/0iih4p7bj0781.jpg?width=250&format=pjpg&auto=webp&s=2c85a05d1f61d6feba52d0572eda2a8800faad79) + +Now let's say that these SHF are not colluding or cheating, but rather they went by the books. If a SHF does get margin called and in 5 business days, the broker/clearing house takes over, it does not mean the price will jump immediately. I'll use Credit Suisse and Archegos as the example as it relates with GME. + +Archegos lost their excess margin (cushion) of 900 million in the initial GME January run-up, and after March 22nd, ViacomCBS crashed, which happened to be Archegos majority holding. Credit Suisse margin called them and a day later, they were forced closed. + +First, GME went to $500 a share and due to the excess margin limits Archegos had, they did not get margin called. I am re-iterating this since you retards think every SHF will get margin called at $500. Second, when they closed their position, the price did not spike. Why? Probably other short institutions spread the baggage amongst each other. They're not going to buy in the lit exchange immediately. That's the last resort. + +What's interesting in the CS report is that Archegos asked for a standstill agreement. This would have meant that all brokers would not default Archegos and they would have the ability to wound down their position. It got rejected, but it shows the potential f\*\*kery brokers and HF can do. And if a broker/clearing house is exposed more than their whole asset, I doubt they'll be margin calling their own demise. + +Source: [https://www.credit-suisse.com/media/assets/corporate/docs/about-us/investor-relations/financial-disclosures/results/csg-special-committee-bod-report-archegos.pdf](https://www.credit-suisse.com/media/assets/corporate/docs/about-us/investor-relations/financial-disclosures/results/csg-special-committee-bod-report-archegos.pdf) + +Why is Archegos interesting? It had an exposure reported to be 120 billion. Bill Hwang used leverage of 10x. So basically a run-of-the-mill hedge fund impacted the market to such extremities it could have potentially stopped the music. Sounds similar to what the FED has been spewing out about MEME stocks right now. What do you think would happen when a major players gets margin called and force to close their position or a broker going bankrupt? + +This brings up another point that gets overlooked. The NSCC 2021-010 explains the DTCC would take the institution or broker/clearing house asset and loan them money until it could be paid back. + +What they do with the cash, the rule is ambiguous. I assume they risk it all again in huge leverage to try to get out of their bad position one last time. The point is that a market flash crash going from 100 to 0 is unlikely. The DTCC would simply hold the assets and gradually sell without disrupting the market. The market vast and broad and there are many factors to consider, but simply keep in mind of this rule. + +Source: [https://www.sec.gov/rules/sro/nscc/2021/34-93532.pdf](https://www.sec.gov/rules/sro/nscc/2021/34-93532.pdf) + +Source: [https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-010.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-010.pdf) + +So now what happens when a broker/clearing house goes bankrupt? It takes 35 business days until the DTCC takes over. The DTCC has about 55 trillion dollars, and no they can't use all 55 trillion. + +Source: [https://www.dtcc.com/about/businesses-and-subsidiaries/dtc](https://www.dtcc.com/about/businesses-and-subsidiaries/dtc) + +It's been a while since I looked into, but I believe it is about 15 trillion that could be used to cover. If someone knows, let me know. + +And now what happens after the DTCC goes kaput? The FED would take over and print our damn money. + +[This post is way too long](https://preview.redd.it/fqcol0drj0781.jpg?width=960&format=pjpg&auto=webp&s=c949ccfbf63f07addbde9a07a7219e5a26f7f755) + +So now that you know the basic knowledge on what to expect, allow me to assist with your diamond hands. I use TSLA as an example, although different from GME, the general gist is similar. + +TSLA has been shorted(20%) for quite some time, but the core belief of the TSLA shareholders is that they held because they liked the company. Blackrock closed their shorts and the shares you had before the 5:1 stock split, and at the peak in Nov, it comes to about 6.2k per split initial amount. + +GME is another dimension. The price went to $500 to $39 and the vast majority didn't sell \[diamond hand\]. GME has a smaller float. GME short interest is over 140% based on January numbers. The Robinhood Class Action SI reports states it's about 226%. I doubt both numbers. It's over 700% and I have no evidence or source to back that claim. + +I will be conservative and use the January short interest of 140%. That would mean GME would have a minimum value of 36.7k a share. So even if you're a paper hand f\*\*k, any number less than that makes no sense. FUD? No retards, I am not saying the price is capped at 36.7k. I am saying that's the absolute bare minimum the price should be before you even think about selling. **The shares are worth fucking millions you retards as long as you DRS and HODL.** + +[DRS](https://i.redd.it/dbtocqyhj0781.gif) + +A side note, Finra changed how they report SI calculation back in Feburary. It's no longer reports short interest but short % of the float, so keep in mind before you start screaming what you think the SI is. No one knows anymore. It's all fake. + +Source: [https://www.finra.org/rules-guidance/notices/21-19?utm\_source=MM&utm\_medium=email&utm\_campaign=O%5FWeekly%5FUpdate%5F070721%5FFINAL#notice](https://www.finra.org/rules-guidance/notices/21-19?utm_source=MM&utm_medium=email&utm_campaign=O%5FWeekly%5FUpdate%5F070721%5FFINAL#notice) + +TLDR: DRS and GME is worth in the millions +Edit: Grammar\* +In the 11th hour, the Senate has [snuck](https://www.coindesk.com/podcasts/coindesk-podcast-network/dangerous-28b-crypto-provision-infrastructure-bill) in an infrastructure bill provision that would dramatically expand financial surveillance of the crypto-economy. Policies that impact basic freedom and the future of the Internet should be debated carefully and should never be attached to must-pass bills. + +As lead negotiators for their respective parties, it is critical that we strongly urge Senator Kyrsten Sinema and Senator Rob Portman to remove this vastly overreaching provision from the infrastructure bill as soon as possible. The Senate votes on this today, so we have to move fast! + +**The most important thing you can do is to call their DC offices at 517-200-9518. We'll connect you to their offices and guide you through the process.** + +**When a staff member answers, tell them:** + +**“Hi, I’m calling to ask that you remove the cryptocurrency provision from the infrastructure bill. This provision would dramatically expand financial surveillance, harm innovation, and undermine human rights. Policies that impact basic freedom and the future of the Internet should be debated carefully and should never be attached to must-pass bills. Thank you.”** + +*Edit: This is not about taxes! This provision would force a vast number entities in the crypto-economy to start recording and reporting information like your name, address, and the public address of a given transaction. That way, from one transaction, they can unmask you, and track and monitor all of your cryptocurrency activity. These details would facilitate mass financial surveillance that is totally overreaching and unacceptable.* +Here is the [Tweet](https://twitter.com/ryancohen/status/1557550311786459136) I am only asking we show silent support during this horrible time. We know linking Ryan with the CFO's death is absurd. It will take two seconds and any time RC wants to be reminded of how many retails investors support him, he can check his Twitter. It will always be there. + +edit: Holy shit. We've gone from 18.5k to 19.4k (08:00 EST). Nice work, Apes. +edit 2: (01:00) 22k. His Twitter is blowing up and he hasn't tweeted in weeks. I hope he figures out why. +Guten Tag to this global band of Apes! 👋🦍 + +Congratulations to Apes around the world who are now the proud owners of 4x the number of shares that they had yesterday. +I'm sure many of us had resigned ourselves to a certain number of X's in our position size, and are pleased to have jumped to the next tier. +While the total value of our positions remains roughly equivalent across the split, this event is nonetheless exciting. + +Of course, the SHFs couldn't resist attacking the price directly at open, could they? +I consider it to be the 'missing' short attack from Wednesday, where they exceeded the Critical Margin Theory line but we didn't see a steep sell-off. +It is of little concern. +Apes *know* that nobody is selling just ahead of the split by dividend, and it's exactly the kind of fuckery that they've been engaging in anytime the price exceeds their margin limits. +The SEC may ignore such behavior, but we see it clearly for what it is, and each incident strengthens our resolve. +When the MOASS destroys these market manipulators in a spectacular fashion, the evidence of their crimes will be laid bare as we advocate for true market reform. + +Many of you know that I write these words ahead of market open, and I can honestly state that I have no idea how the split-by-dividend will affect GS2C. +I expect GS2C to open at 1/4 the price with 4x the shares. +Please be patient if there are errors in my updates today, as I may need to adjust values unexpectedly. + +Today is Friday, July 22nd, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$38.66 / 37,91 €** *(volume: 42203)* +- 🟩 115 minutes in: $38.67 / 37,92 € *(volume: 41460)* +- 🟥 110 minutes in: $38.58 / 37,82 € *(volume: 39678)* +- 🟥 105 minutes in: $38.61 / 37,85 € *(volume: 38946)* +- 🟥 100 minutes in: $38.69 / 37,94 € *(volume: 37532)* +- 🟩 95 minutes in: $38.78 / 38,02 € *(volume: 36955)* +- 🟥 90 minutes in: $38.69 / 37,93 € *(volume: 35198)* +- 🟩 85 minutes in: $38.80 / 38,04 € *(volume: 34659)* +- 🟩 80 minutes in: $38.62 / 37,87 € *(volume: 34330)* +- 🟥 75 minutes in: $38.60 / 37,85 € *(volume: 33902)* +- 🟥 70 minutes in: $38.62 / 37,86 € *(volume: 33015)* +- 🟩 65 minutes in: $38.76 / 38,00 € *(volume: 28520)* +- 🟩 60 minutes in: $38.75 / 38,00 € *(volume: 25369)* +- 🟥 55 minutes in: $38.66 / 37,91 € *(volume: 23821)* +- 🟥 50 minutes in: $38.70 / 37,94 € *(volume: 22193)* +- 🟩 45 minutes in: $38.79 / 38,03 € *(volume: 19078)* +- ⬜ 40 minutes in: $38.78 / 38,02 € *(volume: 18685)* +- 🟥 35 minutes in: $38.78 / 38,02 € *(volume: 17655)* +- 🟩 30 minutes in: $39.06 / 38,30 € *(volume: 13973)* +- 🟩 25 minutes in: $38.99 / 38,23 € *(volume: 13136)* +- 🟥 20 minutes in: $38.98 / 38,22 € *(volume: 11408)* +- 🟩 15 minutes in: $39.08 / 38,31 € *(volume: 10412)* +- 🟥 10 minutes in: $39.06 / 38,30 € *(volume: 7471)* +- 🟩 5 minutes in: $39.14 / 38,38 € *(volume: 5117)* +- 🟥 0 minutes in: $39.06 / 38,30 € *(volume: 3375)* +- 🟥 US close price: $153.47 / 150,48 € *($152.50 / 149,52 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0199. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Have you not watched his show? He hams stuff up for ratings. You really think he's all pissed and upset about all the tweets? He's laughing his ass off as his social media interaction scores are going through the roof cuz of your lame-ass insults. And then you double his pleasure by tuning into CNBC and posting links to it. + +Odd's are the people bragging about giving him static are his own shills. + +Don't like who he is? Just don't look. +Just curious. New to wheeling. If I sell covered calls above my basis is that just free money? + +If I get assigned, I sell my shares for more than what I bought them for (implying capital gain), and keep all of the premium. + +If I don’t get assigned, I keep my shares and all of the premium that came from selling the option. Yes that would imply that the stock didn’t do well but I’m already doing better than someone who would have otherwise just held naked shares. + +What am I missing here? Thanks. +My sapphire reserve has been a good companion for a while but I'm hitting spends of 250k+/yr across my cards. Don't know if I'm even close enough to getting a black card, and if I am, if it's worth it at all. I figure there has to be another step up from my sapphire reserve in credit card benefits though. So far I've just heard people talk about black cards through rumors. Would love to hear personal experiences. + +Edit: also to clarify this is personal spend. Not biz + +(Also I have no clue what to flair this) +Have a large lump sum from a property sale that I don’t know what do to w right now. Already have plenty of savings in the bank, no debt outside a small mortgage on my primary home, and VTI in my retirement accounts. + +I was thinking SCHD as a 3-5 yr holding spot for the funds. I’d like to buy another home down the line. + +My concern is that the markets at an all time high. In Schwabs own prospectus it shows “deteriorating conditions” and recommends “do not initiate new position” + +Again it’s not money I’m going to touch for at least 2 yrs. + +Thoughts? +Currently husband and I have the following: + +11k in savings + +8k in credit card debt + +13,500k on car at 3.8% + +14,400k on car at 4.7% + +20k in student loans, not pslf eligible interest rate 7% + +155k on house + +I got a significant raise a year ago that enabled us to build savings up 5k plus pay off debt. Credit cards should be paid off by October. + +However, once second child gets here that extra money will have to go towards daycare. From November to February, what would you do with roughly $1200/month: put it towards debt or add it to savings? In other words, as a family of 4, are we better off having 15/16k in savings and manageable bills for longer terms or the 11k in savings and less monthly commitment? +I'm 22 and I have a full-time job earning around £1400 a month - luckily I live rent free with my parents but recently I've split from my boyfriend which has obviously effected my plans for buying a house. + +I'd really really love to go back to education and do an undergraduate degree, but I've already done one so there's no finance to make it happen. It would cost around £4500 a year making the total around £13,500. I'd then love to do a master's and PhD. + +I put away £500 a month, I have a help to buy ISA, stocks and shares ISA and several other savings account trying to get the most interest for my money. It feel like I'm climbing a mountain the keeps getting higher. + +I just feel defeated, like I have to let go of the idea of buying a house if I want to pursue my education. + +Does anyone have any advise? Should I just stop saving for a house for now? I just can't see how I'll ever be able to afford the full education I want to complete. +The coronavirus recession was suppose to cause falls in house prices but they actually went up! Monetary and Fiscal policy worked together so that most people actually had increased savings and with nothing else to do we bought goods and property. Although when you buy a house, most people have to borrow from the bank, and using their serviceability requirements they gave out more generous loan amounts. + +Variable interest rates were around 3.5% pre-Covid, now it is around 2% (Reserve Bank dropped interest rates from 1.5% to 0.1%) how did it affect a person's borrowing capacity? It meant you could borrow an extra 21% compared to pre-COVID, ([https://imgur.com/a/ZAop3eg](https://imgur.com/a/ZAop3eg)), and not surprisingly the annual change in housing increased 22.4%. + +The main reason for property growth was the increased borrowing capacity, not because of population growth/demand, or scarce stock. The effects will reverse when interest rates start to go up, but that is another story. + +Edit: Thanks for all the 'interest' on this hot topic. I will be doing a follow-up post to actually quantify how much of an impact interest rates have on house prices. *Spoiler Alert:* It is a lot! +I'm seeing a lot of posts today about buying the dip and how today is different than 2018 because of increased adoption and more advanced tech, mainly in L1s. I hate to break it to you, but none of that matters. Have a look at this: + +https://preview.redd.it/y9221orvlhd81.jpg?width=2786&format=pjpg&auto=webp&s=e6877e80aa8975d8c8aa86f82c5f9972fc6222dc + +**EDIT: The chart cuts off at 2016...which is apparently making some people think there was a bear market sometime after 2016. Let's have a look:** + +https://preview.redd.it/0us34zsk3jd81.png?width=2108&format=png&auto=webp&s=79de6ff34018315c748a2e743caef0ca3b277c65 + +**There was no bear market. There was a relatively small crash in 2020 as everyone panicked over Covid. That's not a bear market. This picture also shows you that it's even worse, the market has been absolutely parabolic for almost 2 years.** + +That's the S&P 500 index. Notice something? Every ten years or so there's a severe downward correction which lasts 1-2 years. In the early 2000s it was the tech bubble, in 2008/9 it was the mortgage crisis. As you can see here, we've been in a sharp uptrend for over 10 years now. This uptrend has been fueled not in small part by record low interest rates. This is turn has resulted in parts of the market being hopelessly overvalued, a prime example being Tesla. + +Now look at the crypto charts, specifically the top 50 alts. Most of them have had absolutely face melting pumps over the last 18 months. Do you think that's just going to keep going up? Their valuations are now so ridiculous that 'crypto market caps' are basically a meme, completely detached from reality. Of course market caps are hardly ever a true reflection of what company is worth, but they are a reflection of the amount of speculation in the current market. Just to look at a few: + +Cardano MC $36 billion, doesn't have fully functional smart contracts, lots of promises while continually underdelivering, if at all. + +Solana: MC $30 billion, has been unusable for the last 48 hours, has suffered multiple outages over the last 6 months which lasted up to 17 hours. + +Dogecoin: $18 billion MC....don't think I need to go into more detail on this one. + +Ethereum: $288 billion market cap, supposed to disrupt the global banking industry (along with everything else), meanwhile it costs $200 for a simple ERC20 token swap. + +BTC: $665 billion market cap, supposed to be the future of digital store of value, meanwhile, has lost more than 50% in value over the course of 2.5 months. + +etc.... + +The point is that these market caps aren't a reflection of the current states of those projects, but rather their promised states at some future point in time. Unless that point in time is very close as in a few months away, that's not sustainable. I personally don't think that point in time is very close, as almost nothing in crypto currency works as advertised. + +**What would a multi year global bear market mean for crypto?** + +\- BTC bleeds more than stock market + +\- ETH bleeds more than BTC + +\- Alts will bleed even heavier than ETH and a good number will never recover. You have to remember something very basic here: if an alt your holding loses 90% of its value in the bear market, it has to pull a 10X just to get back to its previous price. + +**Further complication:** + +DCAing into projects is obviously the way to go in a bear market, but it becomes more difficult to predict what projects will have merit the longer the bear market continues. Will your favourite project still be relevant in 2024 or will it be replaced by something that hasn't even launched and won't until 2023? The longer the bear market lasts, the more likely that outcome becomes. Do lots of research, try to keep up with the tech developments in crypto. The next Solana or Luna is probably being planned as I write this. Try to find it. +&#x200B; + +[Banner submission by u\/Yooooooo0o0o ](https://preview.redd.it/usmd0l5lurz61.png?width=2100&format=png&auto=webp&s=d1a9b99d7fe20c6fe8f07727d4be772441dd2841) + +# Good Morning Superstonk!! + +This is your Daily news, Live from San Diago! + +**Today is another AMA day! 🚀🚀🚀🚀🚀🚀🚀🚀🚀** + +\*insert flashy intro screen\* + +https://preview.redd.it/wk5junuf1tz61.png?width=680&format=png&auto=webp&s=9fcb56cf81b6b4754526a0011d418c0bb9cb17d6 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# Y'all ready for another AMA?! + +*Written by* u/pinkcatsonacid 🦄 + +# [Today at 4:30 pm eastern we have Attorney Wes Christian](http://www.csj-law.com/attorneys/jchristian.html)!! + +# His primary focus in the last 11 years has been suing Wall Street for fraud. + +Wes Christian is a Texas attorney with [an accent as big as his list of accomplishments](http://www.csj-law.com/attorneys/jchristian.html)! + +&#x200B; + +[Wes Christian](https://preview.redd.it/l8sw44levsz61.png?width=170&format=png&auto=webp&s=30566ca147a7bf7d97992cfadde50a766f0526ac) + + Once again I'm going to [shamelessly plug the old documentary Wall Street Conspiracy](https://youtu.be/Kpyhnmd-ZbU), where I first learned of Wes Christian along with all of the other OGs we've been talking to. And a fun fact... our former AMA guest and very favorite resident wrinkly brain, [u/dlauer](https://www.reddit.com/u/dlauer/) has served as an expert witness for Wes multiple times in the fight against naked short selling. They go way back... + +# Which is why we're having [u/Dlauer](https://www.reddit.com/u/Dlauer/) cohost* this AMA with his old pal Wes!! We are literally assembling the dream team here!! 🚀🚀🚀🚀🚀🚀 + +**\*the AMA will be curated and hosted by** [u/Jsmar18](https://www.reddit.com/u/Jsmar18/) + +**Here's what Dr. T has to say about how she first met Wes in her book, Naked Short and Greedy:** + +&#x200B; + +Chapter 3: A Sidewalk Café in New York. At the request of a business colleague, I have coffee with a lawyer from Texas who tells me that a problem was about to blow up the financial markets: Wall Street brokers are using short sales and fails to deliver to grab the assets of American entrepreneurs. I feel a pang of guilt for not sticking it out to fix this before I left DTC in 1993. By 2003, it was a full-blown regulatory crisis! + +&#x200B; + +# The Napkin Story + +&#x200B; + +"One afternoon \[in late 2003\], my boss tells me he has just come from lunch with an old friend, Gary Jewell, a Houston-based lawyer. Gary said that he was in New York looking for someone who understands post-trade clearing and settlement, possibly someone who may have worked at the DTC. My boss recognizes the company name as part of my past work experience. He asks me to meet Gary over coffee. The two of them had run marathons in their younger days and my boss presents it to me as doing him a favor. Gary brought Wes Christian to that casual meeting. + +&#x200B; + +James "Wes" Christian, is a Senior Partner at Christian, Smith, & Jewell in Houston. If not for Wes, I may not ever have become aware that the crack in the system Ray Riley brought to me in 1993 was becoming a gaping chasm in 2003. Wes was born, raised, and educated in Texas. He comes complete with a pleasant drawl that belies his non-nonsense approach to the matter. Wes would lead a team of 65 lawyers as he eventually uncovered more than 1,200 hedge fund and offshore accounts working through more than 150 broker-dealers to strip mall and medium size public companies of their value."- Dr. Susanne Trimbath, Naked Short and Greedy. + +&#x200B; + +We are so honored, humbled, and thrilled to bring you these top-tier AMA guests! If only we could go back and tell our February selves how far we've come 💖 + +&#x200B; + +**Tune in today at 4:30 pm Eastern for the Wes Christian/Dave Lauer/Jsmar AMA mashup panel that is sure to wrinkle some brains and blow some minds!** + +# [Link to Superstonk Live YouTube](https://www.youtube.com/watch?v=2rJujnpKiqM)! + +[**Here's a countdown timer!**](https://www.timeanddate.com/countdown/generic?p0=179&iso=20210518T1630&year=2021&month=5&day=18&hour=16&min=30&sec=0&msg=Countdown%20Timer) + +# Past AMA Transcripts + +**Huge shoutout to** u/Bye_Triangle**,** u/Leaglese**,** u/Cuttingwater_**, and** u/Luridess **for their work on these bad boys! It's no easy task and they are committed to making this information accessible to EVERY APE! 🦍🤝💪** + +&#x200B; + +[Carl Hagberg AMA Transcript](https://www.reddit.com/r/Superstonk/comments/nce9kq/carl_hagberg_ama_transcriptsummary_12/?utm_source=share&utm_medium=web2x&context=3) + +[Dave Lauer AMA Transcript](https://www.reddit.com/r/Superstonk/comments/n7234n/david_lauer_ama_transcriptsummary/) + +[Dr. Susanne Trimbath AMA transcript](https://www.reddit.com/r/Superstonk/comments/n1vubv/stonky_news_special_report_dr_susanne_trimbath/) + +Lucy Komisar Transcript Coming Soon!! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# + +[\(x\) Doubt](https://preview.redd.it/5g0kk26vguz61.png?width=960&format=png&auto=webp&s=a095148e4801ec30845bdb183fb83245ea6e2d55) + +# Glacier Capital + +Written by u/Rensole + +Glacier capital does not exist, or at least that was the [post](https://www.reddit.com/r/Superstonk/comments/nezcn1/glacier_capital_does_not_exist/) made yesterday written by u/timmmmmmmyy + +One of the main points was that on their adres ( 44 Boulevard de Verdun, L-2670 Luxembourg ) there was no legal entity but after a quick search with google I found them registered at the adres + +[https://opendatalei.com/lei/984500BB91F55397AC42](https://opendatalei.com/lei/984500BB91F55397AC42) + +Now this may look weird as hell to be using as a hedgefund right? well no not really. + +Something a lot of people may not know is that in Europe "mailbox businesses" are fairly commonplace, this means that they have an address anywhere within europe for tax reasons (this is mostly seen in Curacao, Luxembourg and other tax haven countries). + + u/Bud_Friendguy even did a great response (which unfortunately got caught by automod and should be back up in that thread), he reverse image searched and found out that the images don't match up with the names, so all in all the company may be a real company, or a subsidiary of a bigger company located in Luxembourg. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# SEC is Slinging Dough (if you make that whistle blow) + +*Written by* u/pinkcatsonacid 🦄 + +&#x200B; + +[2 different whistle blowers got PAID](https://preview.redd.it/6sfeqxvmksz61.png?width=570&format=png&auto=webp&s=4948233659d352fa2a50005d8287d1f14f3ebe23) + + + + *"In the first order, the SEC awarded almost $27 million to two claimants who provided SEC staff with new information and assistance during an existing investigation, including meeting with the staff in person on multiple days.  Their information and cooperation helped the Commission bring the enforcement action, which resulted in the return of millions of dollars to harmed investors.* + + *In the second order, the SEC awarded one whistleblower an award of approximately $3.75 million and the other whistleblower an award of approximately $750,000.  While both whistleblowers independently provided information that assisted SEC staff in an ongoing investigation, the whistleblower who received the larger award provided information and assistance that was more important to the resolution of the overall case.*"- [source](https://www.sec.gov/news/press-release/2021-85)  + +&#x200B; + +So it looks like the SEC has yet again awarded several lifetime supplies of cash to a few whistle blowers. This time it looks like it's been split up between 3 different people, 1 getting a HUGE FREAKING PAYOUT OF $27,000,000! How tf can there be this much corruption going on right now, that it's worth THAT much money, yet we know nothing about it, and probably never will? I'm starting to think the whistle blower program is probably a money laundering scheme too, at this point... + +https://preview.redd.it/nlksgbvt5tz61.jpg?width=840&format=pjpg&auto=webp&s=18bf115b8e10e0ca0960d15c877f93201e373480 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# GME Back to Largest short value and hardest to borrow + +Written By u/rensole + +The thread is fairly self explanatory so give it a quick read + +[https://www.reddit.com/r/Superstonk/comments/nel0dg/gamestop\_ibkr\_slb\_report\_update\_asof\_514\_gme/](https://www.reddit.com/r/Superstonk/comments/nel0dg/gamestop_ibkr_slb_report_update_asof_514_gme/) + +&#x200B; + +https://preview.redd.it/cx6lufabiuz61.png?width=640&format=png&auto=webp&s=1be946b2e86ab61400988077d8894e07fdad96fa + + \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# FINTEL 13-F FILING/SHORT UPDATE + + written by u/rensole + +A thread got posted by u/Mikeymikers0n [here](https://www.reddit.com/r/Superstonk/comments/ner3cx/fintel_13f_filingshort_update_welcome_to_the/) + +&#x200B; + +https://preview.redd.it/lhsf5sa6huz61.png?width=3698&format=png&auto=webp&s=01f2d9db67c2c2fb3e12f4d29a973c6a0fbedcc7 + +Seems that our friends over at Citadel have almost doubled their bet against us, let's do it kenny, I'll call your bluff. + +The one thing that did caught my eye is that Melvin is no longer on this list (maybe it still needs to be updated?), but it could also be possible they have "closed" their positions, or shifted it in long otm options, or even shifted to another subsidiary of theirs. it's just something interesting imo and we should/could look into this. + +As the DTCC said they didn't force anyone to close their positions in January it's very interesting to find out were they all went. + +&#x200B; + + \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +https://preview.redd.it/u6dw5wheiuz61.png?width=640&format=png&auto=webp&s=2f48684af767568bfe811d73472640d1b57977c2 + +# I love you, but I don't like you + +Written by u/Rensole + +This was tweeted yesterday by the man with the plan RC yesterday. + +It seems that others have found that its a reference to the song + +# [Smokey Robinson & The Miracles - You Really Got A Hold On Me](https://www.youtube.com/watch?v=AdDnqSFYXFs&ab_channel=latacabre1) + + + +\-----> **I don't like you, but I love you** +Seems that I'm always thinking of you +Oh, oh, oh, you treat me badly +I love you madly, you really got a HOLD on me +You really got a **HOLD** on me, +you really got a **HOLD** on me, +you really got a **HOLD** , baby +I don't want you, but I need you +Don't want to kiss you, but I need you +Oh, oh, oh, you do me wrong now +My love is strong now you really got a **HOLD** on me +You really got a **hold** on me, +you really got a **hold** on me, +you really got a **hold**, baby +I love you and all I want you to do is just **hold** me +**HOLD** me, **HOLD** me, **HOLD** me + +Tighter +Tighter +I want to leave you, don't want to stay here +Don't want to spend another day here +Oh, oh, oh, I want to split now, I can't quit now +You really got a hold on me, you really got a hold on me, you really got a **hold**, baby +I love you and all I want you to do is just hold me, please +\-----> **Hold me, SQUEEZE, HOLD me, HOLD me** +\-----> **You really got a HOLD on me** +\-----> **You really got a HOLD on me** +\-----> **I said you really got a HOLD on me** + +Again this could be fully coincidental and his granny just really loves this song, but on the other hand it seems like a reference like usual, and just like the "MOASS Tweet" it was "sent from Iphone" while the rest on the official GME twitter was sent by their salesforce. + +Could be something, could be nothing. + +&#x200B; + +https://preview.redd.it/shj28kyyjuz61.png?width=400&format=png&auto=webp&s=41ac20c8b2dae11dde64396c24cabf00eb27e18a + + \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +# Hello $180, my old friend + +&#x200B; + +[It feels good to see you again](https://preview.redd.it/nmtohouxksz61.png?width=1080&format=png&auto=webp&s=372e23c8f467ee0c962d25af4451b5aba580aaed) + +Green crayons for the class!! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# [Don't forget to Rock the Vote](https://www.reddit.com/r/Superstonk/comments/n6isp6/rock_the_vote_proxy_voting_101_the_most_important/?utm_source=share&utm_medium=web2x&context=3)! + +*written by* u/pinkcatsonacid 🦄 + +&#x200B; + +[Awesome artwork by u\/Bye\_Triangle ](https://preview.redd.it/jq6vi03zvsz61.png?width=1000&format=png&auto=webp&s=48e911fc3f0c10aee218428b4fdd44ff4a534dac) + +# Vote your shares and get your flairs! + +**Type !apevote! if you voted and want to show it off with a custom vote flair!** + +**And if you tried to vote but couldn't because the system is crooked, type !novote! for a custom attempt vote flair!** + +If you're in the !novote! club, you HAVE TO read this post from Carl Hagberg regarding those who are struggling to vote their shares. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +https://preview.redd.it/n2u4ebgfsrz61.png?width=554&format=png&auto=webp&s=11a5166dde1822236a452aac526d9bdee9d55e1d + +# Excellent! + +**Be excellent to each other!!!** + +Be friendly, help others! + +We are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes.** + +**This helps us weed out the shills really fast, because if everyone is helpful, the ones who aren't stand out.** + +Remember the fundamentals of this company. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can. + +&#x200B; + +https://preview.redd.it/7vjjds6wvsz61.jpg?width=960&format=pjpg&auto=webp&s=060d6a41a94c95e611b5651a815334e027a580ae + +&#x200B; + +Mods have carefully considered what to do during a reddit blackout and advise the following - IF REDDIT GOES DOWN AT A PIVOTAL MOMENT go to the team's socials to look for additional instructions on where to muster (these are the most active twitter accounts on the mod team at this time!). And check in on SuperStonk's YouTube Channel for an Emergency Broadcast, if necessary. + +&#x200B; + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[Superstonk YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +&#x200B; + +# 🚨 ... AND VOTE YOUR SHARES!!! 🚨 + +&#x200B; + +[**Rock the Vote!**](https://www.reddit.com/r/Superstonk/comments/n6isp6/rock_the_vote_proxy_voting_101_the_most_important/) **💪** +I own a duplex in San Diego where I have about $500k equity, and yielding about $20k per year cash flow. I bought in 2017 and house hacked. Converted a detached garage to a 1 bd 1 bath. + +The argument to sell…I’d get the equity capital gains tax free if I sold it before May 2023 (used to be my primary residence). It’s about half of my net worth. + +The argument to hold… San Diego has appreciated so much so fast which could continue over the next few years and the property is in an opportunity zone that could be re-zoned to multi family in the future or through submitting proposed plans. + +On a personal note, I’m a little concerned about California long term, between drought, climate change and people seemingly leaving the state. But I’m generally more paranoid than most. + +Should I sell before May or hold for a longer term? +**TLDR: The USD is the reserve currency of the world for a reason. To make global investors lose all confidence in the US market is nothing short of self-destruction and would lead to a lot more than just the collapse of the stock market.** + + + +After the posting of u/atobitt's HOC DD, as a result of it implicating practically the entire stock market, its owners and regulators, a lot of apes have had their faith shaken and doubts have arisen, some reasonable, some unreasonable. This has given shills an easy opportunity to stir up FUD within the ape troop, so I wanted to make a post to put your fears to rest, specifically about the nigh impossibility of the United States government stepping in to bail out shorts from having to cover. + + +A common piece of FUD being circulated right now is that the government is more likely to preserve the status quo of the current stock market and wealth distribution than it is to allow the covering of shorts and to allow huge upheavals in society. While initially appearing as a legitimate concern, this scenario is impossible precisely because saving the shorts (in forms other than a cash bailout because in that scenario GME holders still get paid) would have even ***more*** drastic consequences than even what could be the largest redistribution of wealth in history. That is because an intervention here carries the very real possibility of what is essentially **the destruction of the United States of America as you know it.** + + +Huge sections of the government, regardless of party and especially those with ties to the financial system and the stock market, are corrupt. Wall Street is corrupt and exerts huge control on the government. Many, if not all of the financial regulators are corrupt, and in the deep, deep pockets of Wall Street, and together with the government form a sort of huge corrupt cabal of money laundering and upward wealth movement. However, EVEN THOUGH Wall Street is capable of exerting extreme pressure on the government, EVEN THOUGH Wall Street can ask for itself to be bailed out time and time again, the United States Government is helpless to intervene and save hedge funds this time, even if it wanted to, for the obvious reason that to do so would be self destruction, plain and simple. An intervention on behalf of hedge funds that allow them to exit their positions at little cost would unambiguously destroy all trust in the stock market, this much is obvious to anyone. However, the counterpoint has been raised, that given the widespread fraud uncovered over the process of GME, faith in the stock market has already largely evaporated and that it would be preferable for the government to step in, get hedge funds out, and sweep the whole incident under the rug and be left with only a handful of disgruntled retail investors with no power or money to their name. Everybody else is happy, believing their retirement funds to be safe while hedgies continue to gamble them away and in true corrupt fashion, **the rich continue to stay rich.** (this part is the crux of the issue, I'll get to it in a bit). + + +To do this would then immediately lead to the largest exodus of capital humanity has ever known and the complete and utter annihilation of the US economy. Why, you may ask? "Surely government intervention couldn't cause something like that to happen, right? I mean, they've intervened before and nothing happened.", to which I say that in the event of a bailout (which is not the type of intervention we are talking about), as the rightful owner of your shares, you are still entitled to the price you sell them at and you will still be paid, as well as ask you this: If not even domestic investors can have trust or faith in the US market, how could an international one? If the US government, the upholder of Capitalism itself, can desecrate the one thing it extols beyond all else, by manipulating the supposedly free market in plain sight, the very thing it promises to investors from every corner of the world, what faith could anyone have in its economy? It's not a matter of erosion of trust, it's a matter of total eradication of trust. If you are a foreign investor, how can you then reasonably believe that the value of your investment is safe from fraud or state manipulation? If you are a foreign government, how can you then reasonably believe the treasury bonds you hold will retain their value decades years from now seeing as the US government openly engages in fraud and violates its own rules? + +I would like to remind everyone that the US has taken **tens of trillions** of dollars in debt to finance itself. Were the US to engage in behaviour that blatantly violates principles of trust and parity in the market, all of a sudden a US treasury bond is now the most useless thing since Shitadel's risk management team. If no one wants them, the interest premiums of every government bond issued will skyrocket and future premiums will be similarly incredulously high in order to try and get them off the hands of whoever's currently holding them, to which the US stands **absolutely zero (0) chance at paying back** except through default, or by printing more money, both of which lead us to the grim reaper of debt ridden economies - Weimar Germany, the late Soviet Union - hyperinflation and recession. Every single foreign dollar invested into the US market is immediately withdrawn, because the USD is worth nothing. Everybody who is currently paying off a US loan can afford to do so at hilariously low prices, because the USD is worth nothing. Every participant in the global economy refuses to take USD as payment ever again, because the USD is worth nothing. Europe and China immediately convene to create a global financial system where America is practically never relevant again. The US becomes isolated from the entire world, the worth of its dollar rapidly approaching zero as hyperinflation takes place and every financial entity under the sun looks to offload as much of their USD as they can. Forget international investors, even domestic investors are now aware that the very valuation of their assets being in USD is not only a risk but practically a death sentence. To admit to the global economy that the US market is totally fraudulent, to not only ADMIT it, but to explicitly ACT TO MAINTAIN IT is less like the straw breaking the camel's back, and more like the elephant that will crush it to death instantly. + +And here we return to the crux of the issue. If the US dollar is worth nothing, neither are all the now god forsaken digits in even Jeff Bezos' bank account. ***The rich cannot stay rich.*** Even a handful of retail investors becoming very wealthy is an infinitely more preferred alternative to what is essentially the downfall of not only the US, but the rest of the billionaires and the rest of the corporations that were otherwise not implicated in the workings of the stock market. **And that is why it cannot happen.** +It's probably not the first time someone is asking this, but im down 25k and got 6k left on my account. I think i learned some valueable lessons along the way but it seems everytime i try to get in the market again i just lose more money. + +What would you do in my situation? What kind of strategy do you think i should follow from now on? + +Thank you. +I am single, 37f, no kids. Every time I log in to Fidelity, I see a message saying that I am behind on saving for my retirement. I recently received a raise from 87k to 95k. I barely have 84k saved across all retirement accounts. How am I supposed to get to $285k saved in the next 3 years?! + +I feel so discouraged because I feel like I am behind on my savings goals. I recently changed my contributions from 5% to 11% but I still feel so far behind. What else can I be doing? I wasn't able to max out my 2021 Roth. I could only do 4k and while I hope to max out to 6k for 2022, there's only so much money to go around. + +Are these financial check ups from Fidelity accurate or am I bugging? + + +UPDATE: I wanted to provide more context to my situation. I did not starting saving for retirement until age 30. I did not start contributing to an IRA until 2021. The reason why I only contributed the minimum match (5%) for the last few years is because I was applying all available savings to my student loans. I have now saved $38k over the course of about 2.5 years so that when repayment begins I will be able to pay my student loans off in full. + +UPDATE 2: Thank you all for the many responses. I increased my 401k contributions to 17%! It's the best I can do for now. I feel a lot better about my financial outlook now that I have gained some much needed perspective. +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! + +How do we figure out who those 17 clients are? + +250 characters 250 Characters 250 characters 250 characters 250 Characters 250 characters 250 characters 250 Characters 250 characters 250 characters 250 Characters 250 characters 250 characters 250 Characters 250 characters 250 characters 250 Characters 250 characters +35M married with no kids yet, working as a senior tech lead for a FAANG. Pay is great. Work/life balance is fantastic. NW is at 5M. Entrepreneur all-in type personality but failed two startups as a cofounder in 20s. Now own 8M worth rentals and growing. NW went up by 2.5M last two years alone which made my after-tax pay a petty 10% of total annual NW growth. Never talked about personal finance with peers but know my peers are all younger HENRYs living in luxury apartments doing YOLO everyday without any savings. + +I feel very disconnected with my peers. I don’t care promotions. I don’t care career development. I just need this comfy job now for getting loans and reaching my 10M NW sooner so I can full time doing RE management and investment. I get lots of joy from working, especially towards something meaningful. But now I feel I am wasting my time and potential at this job. + +Anyone experiencing similar things in their career? Any tips to rekindle my motivation? +4/21 - four twenty one million day BANANA DAY 🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌 + +4/22 - four 20 part deux + +4/23 - twenty third day of April + +4/26 - the Monday market doubled up day + +4/27 - apes and wildlife appreciation day + +4/28 - double down again day + +4/29 - the last day of 4/20 quadruple double down day + +4/30 - the end of April, buy 1 more gme or go all in again + +Edit: BANANAS 🍌 🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🦍🦍🦍🦍🦍🦍❤️❤️❤️❤️❤️❤️❤️🚀🚀🚀🚀🚀🚀🚀 +[https://www.zerohedge.com/markets/market-bloodbath-middle-east-stocks-crater-kuwait-halted-aramco-below-ipo-dow-down-500](https://www.zerohedge.com/markets/market-bloodbath-middle-east-stocks-crater-kuwait-halted-aramco-below-ipo-dow-down-500) + +&#x200B; + +edit 2: + +WTI futures down to ~~$32.5 (-20%)~~ $28 (-33%) after the futures market opened: + +[https://m.investing.com/commodities/](https://m.investing.com/commodities/) + +&#x200B; + +edit 1: NY Times article with some good info (and for those who don't like ZH) + +[https://www.nytimes.com/2020/03/08/business/saudi-arabia-oil-prices.html](https://www.nytimes.com/2020/03/08/business/saudi-arabia-oil-prices.html) + +“Saudi Arabia is protecting its market position in the face of a collapse in oil demand, a shrinking physical market and greatly reduced prices,” said Sadad al-Husseini, a former executive vice president of Saudi Aramco. He argued that both Russia and Saudi Arabia would “come out of this down cycle as stronger players, while shale oil, oil sands and other costly or politically unstable producers struggle for financing.” + +“If you are Russia, it’s worth it for you to take a three-month price hit to see if you can knock out U.S. oil exports,” said Amy Myers Jaffe, an oil and Middle East expert at the Council on Foreign Relations. “They might be correct for three months but the shale never gets destroyed.” + +She said that the divergence in Saudi and Russian strategies “signals that the relationship between Saudi Arabia and Russia is on the skids.” + +In a report published last month, the International Energy Agency, the Paris-based monitoring group, said the Saudis could produce more than 2 million barrels a day more while the United Arab Emirates, Kuwait and Iraq could add roughly 1 million barrels a day between them. + +The crown prince’s ambitious and expensive economic development program, known as Vision 2030, could also be in trouble, Mr. Krane said, if oil producers open the taps and beat down prices. + +“A price war would cause the Saudis to put the entire Vision 2030 diversification plan on hold, while the kingdom hunkers down on austerity wages,” Mr. Krane said. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +If your freaking out about a 100 dollar correction after over 600 dollar push. You need to get the fuck out of crypto. Your $124 to $160 retrace to $149 isn’t the end of the fucking world. Chill out, jerk off, and go back to playing animal crossing. All your doing is making other clueless people freak out too. +I understand that smart investment decisions are gold mines, and timing the market correctly is golden. + +That being said, reminding people about how much they would've made if they invested X amount of dollars in a certain project **then**, only leads to people making poor financial decisions **now**. + +Believe me, I would've loved to keep my stacks of 0.08 cents ENJ that I bought back in 2018, and I'm fully aware of what they'd be worth now.... I know my opportunity may come again - but for newcomers they may feel pressured into making poor decisions by "chasing the Crypto dragon". + +Remember, time in the market is better than timing in the market. There's no need to feel like you missed out because you didn't invest at the right time. + +Stick to the fundamentals, and you'll be just fine.... Don't be made to feel bad or feel as if you missed out because an opportunity slips through your fingers. +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 +If your entire business model is pocketing investors' money and showing them fake numbers on a screen - why wouldn't you multiply the fake numbers by 4? Why bother looking for shares? Most people will never transfer brokers. + +You know exactly what they will do when they can't DRS anymore: + +*they will delete all GME shares from brokerage accounts* (maybe even reimburse you with what you originally paid for them). + +They will say there was a technical mistake and they shouldn't have sold them to you. + +The only way to avoid this is by MOVING THEM OUTSIDE OF YOUR BROKER INTO COMPUTERSHARE. +Some text from the full report + +* Despite a strong run up in Indian equities in the first half of 2021, the +majority of active funds in the large-cap and mid-/small-cap fund +categories lagged their respective benchmarks +* Over the one-year period ending in June 2021, the S&P BSE +100 was up 55.96%, with 86.21% of funds underperforming the benchmark. Over H1 2021, 53.13% +of the funds underperformed the S&P BSE 100. +* For the last 1, 3 and 5 year periods >80% of the surviving large cap funds have underperformed the index +* The bond funds fare worse than this - we sorely need a good inde fund in the bond space + +Source: [https://www.spglobal.com/spdji/en/documents/spiva/spiva-india-mid-year-2021.pdf](https://www.spglobal.com/spdji/en/documents/spiva/spiva-india-mid-year-2021.pdf) +Have to get this off my chest: + +I bought 22 ETH @180 + +I was the biggest supporter, telling all my friends and family. When I would tell all of them, i always focused on the product, rather than the price. In conversations, i spoke of my unrealized gains to support my intrigue, not define I️t. Don’t get me wrong, seeing the price rise 280% was an unbelievable feeling. I practically lived in this sub for months. + +This was in May 2017. + +Then the summer crash happened. + +I watched the price go from $180 to $550 back to $180 in a week or two. I panicked, and sold during a “dead cat bounce” around $220. + +Why did I sell? I had weak hands. + +I trusted and believed in the tech. I saw the slow and expensive Bitcoin. I believed ETH would undertake mass migration, market cap growth, and notoriety. + +To those in the ETH community - enjoy the run. I will be rooting you all on. + + +Seriously. House prices are through the roof, and lots of houses are selling. Clearance rates are ridiculously high. + +But where is the money coming from? It can’t all be from the bank of Mum and Dad. Are people really taking out near 1 million dollar mortgages? + +I earn a decent salary, single income no kids, have a modest mortgage in Melbourne, but shit, how on earth are these families paying it off? +I'm very confused right now. There's a lot of rabble about the 'soon to crash economy' and an impending recession, but I haven't seen it. In fact, all of the indicators I'm seeing on the ground seem to be saying that the economy is going up, not down.  + +Here's what I've personally experienced in the last month: + +* I tried to order cabinets for a kitchen remodel. Every single shop or distributor I call is booked out 6 months, working at full capacity. Pre-pandemic, you could get cabinets in 6-8 weeks +* I called a few woodworkers in my area to help with some molding work, they are all turning down work. Way too over subscribed as they said. +* I'm booking trips for work. Ticket prices are at all time highs. Business class cabins either totally sold out or only have a few seats left.  +* Hotel prices still at all time highs  +* Car dealerships are still asking for "market adjustments" for run of the mill cars (not the rare special ones). That NEVER happened pre-pandemic  + +I was in my 20s and a working professional in 2008-2010. I remember people basically begging for work and not just laid off mortgage brokers, plumbers, electricians, etc were all desperate for work. Car dealerships were dropping their pants on car prices. Hotel and airfare at rock bottom prices (in 2010 I stayed at the nicest resort in Bora Bora for $450 a night. Now that goes for over $2k/nt).  + +People are still out there spending like drunken sailors and there seems to be no end. For all the people that say another 2008 is around the corner, this looks NOTHING like 2008.  + +What the f*** is going on? +Hey all, + +I hope you’re all doing well! + +With the stock market taking it’s toll downwards, it can be very difficult to see.. + +How are you feeling? & what are you doing to cope with the feeling? + +Personally, I’ve just stuck to XEQT, some blue chips and let it all ride out… and haven’t been checking my portfolio. + +—- + +I hope everyone is doing well, hope you have a good day & weekend! + +Take care, + +Stay safe! + +Happy investing / trading! +S&P 500 now closer to its all time high, than at the peak of the May 2008 bear market rally + +Thought about selling a part of my portfolio multiple times since the 2900s; think I'll just hold for a few decades +Hedges, you will NOT shake this very patient ape. + +I’ve reached the acceptance phase in all this. I’m maxed out on shares I can afford, so I’ve just buckled up in the rocket and can wait indefinitely for this launch. Even if it’s a “boring day”, I get excited just knowing that we’ve moved 1 day closer to the INEVITABLE 🚀. + +You can not win. + +You will not win. + +Obligatory: 🦍💎🙌🏼🚀 + +EDIT: Whoever gave this the all-seeing upvote, thank you kindly 🐈 +Is this bothering anyone else? + + +I’ve heard speculation that SI is MAX 226%, as in the computer can’t register more than that, or show more than that. So isn’t it convenient that 113% shows up today? Of any number able to be put on to a data set, why exactly half? Something the computers just “can’t handle”? + +This just confirms my bias that there absolutely is something going on behind the scenes and we are absolutely closer than ever. + +Edit: here’s a post you might remember + +https://www.reddit.com/r/Superstonk/comments/o7klxj/looks_like_the_recent_robinhood_class_action_si/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Note to mods: I see the no MEME STOCK rule. This subject discusses the entire "meme" basket in the context of real numbers and facts. It is in no way intended to be negative at any single security or subreddit. Hope it can stay up as part of a larger discussion about swaps and criminal activities shorting our beloved GME. I just don't know how to tell this story without mentioning MEME STOCK. + +I’m a quiet ape. I’ve been here since before the beginning, watching, buying, learning. I’m not a financial ape, just a humble ape with a knack for patterns and big pictures. A few weeks ago I posted this speculative piece on swap evidence, no need to read it first, I only want to highlight I’m the same person since much of this post builds upon this original. You can find it on my profile if desired. + +**Updated TLDR June 29, 1:35PM ET** + +**TLDR: Citadel is using the meme stocks in swaps to cellar box all of them. I have numbers, RC pointing as clearly as possible at swaps and key events relating to those swaps. Not all meme stocks are the same. GME, Headphones, and Baths maxed in January, MEME STOCK, Blackfruit, and NOQ in June. I explain why. RC's second buy aligns to late July and Early August as his first buy to the Jan 2021 sneeze. I also clearly explain the meaning and timing of the 69 tweet and the tombstone tweet. Those are best revealed in context....** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# INTRODUCTION: + +Do you ever take a moment to think about how we all got to this point? Yes, we all know about the crime, swaps, naked short selling, payment for order flow, DOOMPS. + +I mean specifically, what happened to cause the January 2021 and June 2021 sneezes? The DD covering post sneeze and how SHF’s are controlling the price are amazing, however they are looking at data after January 2021. + +I want to understand this saga from much earlier. What did RC see before he bought? What previously set in motion sequence of events did he discover and divert, setting us on this journey to the stars? + +# PART 1: The theory + +Enter Shill Whisperer <[https://twitter.com/ShillWhisperer/status/1530623185229586432](https://twitter.com/ShillWhisperer/status/1530623185229586432)\> on twitter describing a derivative swap: + +“Free float market capitalization (ffmc) \[swap\] between GME and \[meme stock\]. Wherein as long as \[meme stock\] ffmc is greater than GME swap is intact.” + +In plain English: Citadel and a Bank traded a set number of shares of equal $ of GME and MEME STOCK. Citadel is the owner of the MEME STOCK shares and receives the GME shares. The Bank is the owner of the GME shares and receives the MEME STOCK shares, all off the official books of course. + +&#x200B; + +* Citadel pays the Bank interest equal to Libor plus 1-2% (estimated) for duration of the swap. +* If GME Market Cap and MEME STOCK MC move together, swap is neutral +* If GME Market Cap drops relative to MEME STOCK MC the Bank must pay to equalize swap +* If GME Market Cap increases relative to MEME STOCK MC Citadel must pay to equalize swap + +The Bank assumes a steady income and covered risk if GME goes up relative to MEME STOCK. Citadel gets paid if GME MC is below MEME STOCK MC. + +I think you can see where this is going. + +Swaps are the critical piece of this whole puzzle. If you understand how this works, the rest of this post will make a lot more sense. Huge credit to u/Blanderson_Snooper for their DD on swaps. Go read the whole thing [HERE](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/). He is talking about slightly different swaps, but the concepts and how they are leveraged applies. + +Here is what I think happened sometime in 2017 Q1: Ken Griffin walked into a bank and the following conversation happened: + +&#x200B; + +https://preview.redd.it/z3l7cjei3g891.png?width=1190&format=png&auto=webp&s=45b792265c9ba61ef5420fc110628bb2d5a6f238 + +Sr. Banker: Welcome Ken, good to see you. + +Ken: Likewise. If you don’t mind, Im a busy man, lets get down to business. + +Sr. Banker: Sounds good. What do you have in mind today? + +Ken: I have a million shares of MEME STOCK worth about $32M id love you swap with you. + +Sr. Banker: Interesting, what were you looking to swap from our portfolio? + +Ken: Im interested in GME today, you have more than $32M of that on your books I believe, its about 1.4 million shares. + +Sr. Banker: GME? Again? Under what terms? + +Ken: Same as before. We swap the shares worth a total of $32M, I’ll pay you Libor plus two percent. If GME moons, I’ll cover the difference. + +Sr. Banker: (Laughing) And let me guess, if GME tanks I’m on the hook? + +Ken: That’s right, just like the BlackFruit and Beds deals we did end of 2015 and last Spring. + +Sr. Banker: Sounds good to me. I presume you have the paperwork all drawn up? + +Ken: Right here. + +After reviewing and signing the documents Ken shakes the Bankers’ hands and departs the conference room. + +Sr. Banker to Jr Banker: Go short GME. If I know Ken, he’s about to obliterate it and there’s no way I’m losing money on this deal. + +Jr. Banker: I’m on it. What happens if GME goes up? If Ken doesn’t hedge his position we can get stiffed when Citadel blows up. + +Sr. Banker: Don’t worry. Its Ken Griffin, he knows what he’s doing. + +————————————- + +Ken probably did this multiple times with multiple banks just like our buddy Mr. Burry as shown in the Big Short. Just like our recently bankrupt friends at [Archegos](https://en.wikipedia.org/wiki/Archegos_Capital_Management) did to get margin and large positions in a select few companies. + +It also conveniently creates an insane number of synthetic shares. The 1,400,000 GME shares swapped in the example above are now synthetic and will be sold by Ken. They are still technically listed under Institutional Owners with the SEC. It gets worse. The Bank also opened a short position covering their 1,400,000 GME share exposure to Ken. That’s 2,800,000 shares shorted from thin air, which should still be tucked away safely in the Bank’s holdings, from a single meeting, with no record. + +# PART 2: The numbers + +During the dramatic telling of the now infamous swap meeting(s), I intentionally used $32M and the specific dates. Go back and take a quick look. These dates and numbers are going to be important. + +Tighten your tinfoil moon helmet, time to enter the rabbit hole…. + +Our first stop is a high level view at Citadel’s holdings of the "meme" securities Don’t worry HEADPHONES will be covered further down. Let’s just say it’s a little….different. + +Using this super handy site [https://13f.info/](https://13f.info/) I pulled Citadel’s 13F quarterly holdings for each security from Q1 2015 until Q4 2020. These are positions, not gains/losses. Positive means they are net long on that security that quarter. Negative means they are net short that security that quarter. Net position = Shares + Calls - Puts + +&#x200B; + +https://preview.redd.it/ef46v4kn1g891.png?width=1422&format=png&auto=webp&s=468d2f884d691e8b1f6726eb75f9a81e83de39fd + +What the hell are we looking at! That’s a lot of numbers and shading! The green means long, red is short. Darker the color, the higher the value. Its fascinating to see how they transition into and out of positions. Take note of **$32,349,000** MEME STOCK position in **Q1 2017** and the corresponding GME position. + +See any patterns when compared to our story? + +Here is the stock price calculated from the 13F over the same timeframe. The yellow corresponds to each local peak Citadel position greater than $10M, the peach cells are local peaks less than $10M: + +https://preview.redd.it/4e1q8xxo1g891.png?width=1340&format=png&auto=webp&s=a00c0b6aadd159711a03271ea4d0843ab67e4cbf + +The first take away is the shocking consistency a large position is immediately followed by a drop in position and share price. The biggest positions are followed by Citadel transitioning to a short. I wish I could always sell huge positions at the peak, must be nice to control the price. + +But that’s not the scariest part of this chart. Enter HEADPHONES: + +&#x200B; + +https://preview.redd.it/1em2steq1g891.png?width=1596&format=png&auto=webp&s=830a0479be1c1914c2ce161a59a1590b2db504ac + +&#x200B; + +https://preview.redd.it/2vx1i5qr1g891.png?width=1560&format=png&auto=webp&s=58aea233e4fb4fda883f14575dbeec7a018b43c3 + +WTF!? Why is a hedge fund worth $400B taking out $29k positions in essentially a family business? And the timing is super suspect. + +Is that tinfoil moon hat still tight? + +It takes big positions to destroy companies. We aren’t talking about a pump and dump, turning a buck with a brief short, or fractions of pennies from billions of transactions. We are talking about total and complete destruction of companies. + +&#x200B; + +https://preview.redd.it/risvktbt1g891.jpg?width=1472&format=pjpg&auto=webp&s=9467434edb697ff5b81f03a8aa4c2464b2d996c6 + +Doing this takes multiple big positions in the swapped security(s), the receiving security(s) and leverage. Looking at the peak positions on a quarterly basis, there is a pattern. + +**Of the 24 quarters between Q1 2015 and Q4 2020, only the six quarters with a HEADPHONES position have three or more securities at local peaks. In other words, HEADPHONES and a pair or more of securities are all local peaks prime for a swap. The other 18\* quarters appear to be repositioning quarters.** + +\*2018 Q1 has three securities without a HEADPHONES if you include MEME STOCK $7.5M position. This is a small position therefore I’m taking liberty to ignore it since there is no HEADPHONES position. 2015 Q1 with a HEADPHONES position includes a $5.1M Blackfruit position to be 3 peaks in the quarter. Yes, my theory is a little inconsistent, but that is not evidence against my theory. There aren’t rules for Ken to follow here. + +Here are what I believe are the swaps: + +&#x200B; + +https://preview.redd.it/mf74epfiih891.jpg?width=1596&format=pjpg&auto=webp&s=994b9afa25e17e8afedd832f4d173846303ba9c1 + +Why is HEADPHONES involved? No clue. Why is it such a small position? Im too smooth brained. I do know something is suspect as hell and I think its a remnant, a trace, of something far bigger. + +Theories: Used to “true up” one side of the swap? Quick liquidity - small cap stock with big spread? + +Gut check. Does all this madness make sense in the lens of Citadel? Does this theory, and these numbers, produce insane returns for them? + +* First, building up a big position and selling at the top is always profitable. +* Second, selling all of those swapped GME shares and buying them back for pennies, literally. +* Third, if GME Market Cap drops relative to MEME STOCK MC the Bank must pay to equalize swap. Remember the Bank is also short GME which causes the Bank to owe even more to Citadel. +* Fourth, all the benefits of cellar boxing a company. No taxes, never buying back the shorted securities, etc. + +By the way, if you don’t know what cellar boxing is. Go here: [half way down this link](https://old.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/) + +Ok, it certainly aligns with their clearly stated company objectives. It explains huge quantities of synthetic shares. But it doesn’t explain the sneeze. Someone or something must have messed up their game. + +Here are positions from 2021: + +&#x200B; + +https://preview.redd.it/wx7stbpz1g891.png?width=1344&format=png&auto=webp&s=682373a630ec45234517ee2b3f0f5026a8d4d487 + +# PART 3: RC has entered the chat + +Part 2 looks at this saga from the view of Citadel, let's look at this from RC’s perspective. Let’s assume RC has done way smarter analysis than me and discovered the swaps outlined in Part 2. How can we test this theory? + +Remember our swap thesis? If GME Market Cap is larger than MEME STOCK MC, Citadel owes money, I will refer to this status as “triggered,” and the other status is “intact.” Lets pull the Market Cap numbers and see what we find: + +MEME STOCK MC - GME MC so positive delta is INTACT swap, negative delta is TRIGGERED swap: + +&#x200B; + +https://preview.redd.it/mhsfwyg82g891.jpg?width=1636&format=pjpg&auto=webp&s=a346da54edbccc7c1e3122f9e496c6347ff5319d + +The three highlighted dates are when the MC of the two companies cross. Around those dates we should find the key impact factors. + +**September 18th, 2020** MEME STOCK: $0.61B vs GME $0.62B First time GME exceeds and stays above MEME STOCK. It’s notable that September 18th, 2020 was Quad Witching (QW) day. What happened to cause the flip? + +How about this 19 days prior: + +[https://www.nasdaq.com/articles/gamestop-stock-surges-after-rc-ventures-acquires-stake-2020-09-01](https://www.nasdaq.com/articles/gamestop-stock-surges-after-rc-ventures-acquires-stake-2020-09-01) + +Did RC kick Ken Griffin (criminal) in the nuts and mess up one of his swaps? Maybe, but must be a coincidence. + +**December 18th 2020**, Quad witching day. Regarding the swap, this is a good day to assume any delta in MC’s should be settled. Lets also assume Citadel failed to settle. + +**January 26th, 2021**: The sneeze starts. Approximately 26 market days since QW and 133 days after the swap triggered. + +\-------------------------------------------------------- + +Now that we have passed June 9th with no news, lets revisit the 69 tweet posted on January 28th, 2022, the anniversary of the day the buy button was removed. He is clearly explaining why that happened: Swaps. + +From the wikipedia article linked: “The participants are thus mutually inverted like the numerals 6 and 9 in the [number 69](https://en.wikipedia.org/wiki/69_(number))" + +# PART 4: RETURN OF THE SWAP + +**May 24th, 2021**: RC knows something is coming: + +[https://twitter.com/ryancohen/status/1397047791889879041](https://twitter.com/ryancohen/status/1397047791889879041) + +**June 2nd, 2021**: MEME STOCK: $30.07B GME $20.49B + +This is a very large change in MC vs the other two times the swap flips. Not just anyone can move markets to that level that quickly. + +What happened: Murdick buy in (second time) and massive sell off of stock + +&#x200B; + +https://preview.redd.it/zmbmukgc2g891.png?width=1790&format=png&auto=webp&s=32e09b24b4bf4d9e50c23cb5b2cd12111115ca71 + +Driven by a distressed company hedge fund and a capital raise which should have diluted share value ends up causing a massive run? Total share count quintupled (400%) since pre pandemic levels. That’s not good for apes locking a float. Its quite the opposite. + +Also note, GME is leading the run up until the news of financing launches MEME STOCK and the swap was reset just in time for June 18th 2021 QW. + +**Finally time for the tombstone tweet.** + +Thinking about this from RC’s perspective: its May 28th. 2021, MEME STOCK stock is moving on hyped news of fresh financing. RC’s big move to blow up Citadel swaps just got obliterated by the wall street powers that be. He is having a very very bad day. Things were trending in the wrong direction for him regarding this swap. So what does he tweet? + +&#x200B; + +https://preview.redd.it/7vsaevdz2g891.png?width=1186&format=png&auto=webp&s=99be3e689b8745abeea9371ceedfb3e078443510 + +**The swap is going be restored! He’s a dead dumb ass!** + +\----------------------------------------------------------------------- + +Taking a step back. At this point we’ve had two sneezes, but each sneeze impacted these securities differently. + +GME, BEDS, and HEADPHONES have peak MC in January 2021 sneeze: + +**GME** + +https://preview.redd.it/kf0qkild2g891.png?width=1448&format=png&auto=webp&s=e865c09752c178e4ea67d8edfe0cc1c806cad6d9 + +**Beds** + +https://preview.redd.it/pxabapoe2g891.png?width=1408&format=png&auto=webp&s=e9a61ecc1ce33e3214cc2793979b7dae5178b3fc + +**HEADPHONES** + +https://preview.redd.it/vackh5ai2g891.png?width=1402&format=png&auto=webp&s=d74c492ed62fee682400693bdccfff882184a364 + +MEME STOCK, Xpress, NOQ look a little different, their peaks occurred in June 2021 sneeze or later: + +MEME STOCK + +**Xpress** + +https://preview.redd.it/6zvngibj2g891.png?width=1406&format=png&auto=webp&s=235404ca92325d25c4a07ce7397e01704d2866fa + +**NOQ** + +https://preview.redd.it/czg0e5jdtg891.png?width=1398&format=png&auto=webp&s=b9d474db6f0e2f29f3aadc3b04b525a20c897e72 + +Blackfruit is unique and equal in both sneezes + +https://preview.redd.it/ikctms5n2g891.png?width=1448&format=png&auto=webp&s=d1ca901eb43172797a206988c9b3bf7d3c5ca924 + +I can’t prove anything, but looking back at our swap groups MEME STOCK, Xpress, NOQ and in one case Beds, appear to be the securities Citadel is giving as the counter security to his target. This theory is further bolstered by the counter security Citadel position is slightly smaller than the target security Citadel position. Blackfruit is used on both sides which I believe explains why it is equal MC in both sneezes. + +**THE SECOND SNEEZE BOOSTED THE COUNTER STOCKS TO SAVE CITADEL!!** + +Summary of the swaps: + +&#x200B; + +https://preview.redd.it/48v3a9po2g891.png?width=1714&format=png&auto=webp&s=9bfb50f7753724fb6b78528b8cbcc5287945c6b3 + +I think my tin foil moon hat is cutting off circulation to my smooth brain. + +# PART 5: RETURN OF THE JEDI + +Fast forward to the final flip… + +**April 4th, 2022**: MEME STOCK $12.03B GME $12.39B Another subtle flip, two weeks after March 18th QW. I wonder what could’ve happened about 2 weeks before: + +[https://www.reuters.com/technology/ryan-cohen-picks-up-100000-gamestop-shares-stock-jumps-2022-03-22/#:\~:text=Register%20now%20for%20FREE%20unlimited%20access%20to%20Reuters.com&text=March%2022%20(Reuters)%20%2D%20Billionaire,16%25%20higher%20in%20extended%20trading](https://www.reuters.com/technology/ryan-cohen-picks-up-100000-gamestop-shares-stock-jumps-2022-03-22/#:~:text=Register%20now%20for%20FREE%20unlimited%20access%20to%20Reuters.com&text=March%2022%20(Reuters)%20%2D%20Billionaire,16%25%20higher%20in%20extended%20trading). + +No f#@& way. RC Kicked Ken Griffin (criminal) in the nuts twice! No way this is a coincidence now. + +**June 17th, 2022** Quad witching day. Regarding the swap, this is a good day to assume any delta in MC’s should be settled. Lets also assume Citadel failed to settle. + +**July 26th 2022**, a Tuesday, is 26 market days since QW. + +**August 1st, 2022**: Approximately 133 days after the swap triggered. + +&#x200B; + +Additional supporting documentation RC is signaling the swap: Is he dancing? + +[https://twitter.com/ryancohen/status/1510818828695052289](https://twitter.com/ryancohen/status/1510818828695052289) + +[https://twitter.com/ryancohen/status/1514297711675256840](https://twitter.com/ryancohen/status/1514297711675256840) + +Swap is intact: November 11th 2021 + +[https://twitter.com/ryancohen/status/1460127511619252230](https://twitter.com/ryancohen/status/1460127511619252230) + +Swap is triggered: May 6th, 2022 + +[https://twitter.com/ryancohen/status/1522669176569188358](https://twitter.com/ryancohen/status/1522669176569188358) + +Multiple apes have pointed out his tone changes around March. + +# Part 6 Conclusion + +I have one goal with this post. To spread this knowledge so another ape can connect the next dot and find concrete evidence of the swaps. The dates used are real and serve as the best indicator for where to dig. All of these companies are being driven out of business by pure greed. + +RC discovered the existence of the swaps against GME and is two for two when buying and causing the swap to sour, and he is signaling good or bad based on the condition of the swap. Further, the only correction of the swap was caused by institutional and insider investors causing a rapid massive swing in delta market cap between the companies. RC's buy in early 2022 is going to cause chaos very soon. + +**This is not financial advice.** + +&#x200B; + +PS: Im zen and not a threat to myself or anyone around me. + +\----------------------------------- + +Edit: u/dash-dashman doesnt have enought karma to post, but pointed out this mind blowing little tidbit: + +# 7 stocks 4 1 swap basket. + +Go give him some Karma. + +EDIT Bonus data: HEADPHONES short interest. December 2020 was spicy! This totally destroys any narrative retail drove the HEADPHONES sneeze. + +https://preview.redd.it/i0ehbtjzlh891.jpg?width=640&format=pjpg&auto=webp&s=b6b64923351d5d27e39215ea164f51c7addd6040 +I assume everyone has sizeable amount of cash in these days, so what are the best way to protect against inflation, in case government announce some large welfare package? +Been looking at Boston and Denver but considering other places as well. Boston is a lil too expensive, both I heard aren't the best for asian minorities. Oddly enough considering montreal (not in usa but heard its great) +The goal is to get to FI as quickly as possible without sacrificing too much in regards to quality of life. +Looking for places that are cheap, but not boring for someone live in for someone in their 20s and single. Salary would remain the same regardless of location. +Making 77k a year pre tax. + +My ideal city: + +Legal weed + +Growing Tech field + +Lots to do, events, city life + +Preferably less driving needed or none at all due to public transportation or ease of walking + +Affordable col doesnt have to be lowest but shouldnt be high. Or at least low property tax and or income tax + +accessibility to unique nature elements such as mountains or beaches are optional but nice + +Would like to hear your thoughts! +I imagine at least a few other folks are in a similar position as me. I opened a few TWTR calls last week, 55cJune22, and was a bit excited to see the premarket action on it. I was quite surprised to see upon open that my option is down 50% and has slid a bit to -55% even though the underlying is up about 3 to 4%. Anyone know what’s going on here? + +EDIT: thanks for the replies everyone. Now that the deal is final, my question doesn’t really apply anymore. In hindsight, it’s interesting to see and a good lesson to learn that the value of the option can go down so much even before the deal is official. + +EDIT2: it’s extra painful that you can be so correct on direction within 1 trading day of opening your position, and get punished 65% right away. +Renaissance Technologies is the Greatest Hedge Fund of All Time. + +Founded by math genius Jim Simons, it's flagship fund Medallion has an average gross return of 66.1% since 1988. + +With an average net return of 39.1% after fees. + +The Medallion Fund is available only to current and past employees and their families, closing to outside investors in 1993. + +Since, 1988, the Medallion Fund has racked up trading profits of more than $100 billion. + +Now, I mentioned a net return of 39.1% after fees: well, the fees have been greater than the usual '2 and 20' structure (which means a 2% management fee and a 20% performance fee). + +Medallion has had a 5% management fee, and from 1988 to 2001, a 20% performance fee and from 2002 until now, a 44% performance fee. + +Notice in particular the return in 2007 and 2008, a time when many were completely REKT. + +In 2008, a return (after these monstrous fees) of 82.4% + +**To make us all feel terrible, if you had invested $1000 into Medallion in 1988 you would have today, after fees, around $23MM**. + +That certainly beats inflation... + +So, how did they do it and what can we take away from this story (aside from searing jealousy)? + +&#x200B; + +**PART 1: The Early Stages** + +Early on, Simons had a goal of algorithmic investing. + +Remember, this was the late 1980s before the phrase big data became a household name and most investment decisions were made over the phone based on gut with the likes of Jordan Belfort trying to scam you! + +“I don’t want to have to worry about the market every minute. I want models that will make money while I sleep,” Simons said. “A pure system without humans interfering.” + +Simons hired Sandor Straus to help him collect historic commodity information + +Straus’ was essential to Renaissance Technologies early success in commodities trading. + +He became somewhat of a data guru ensuring pricing was consistent and accurate, checking his numbers matched with yearbook data provided by commodity exchanges, Wall Street Journal, other newspapers and anything else he could get his hands on. + +Over time, Straus and his colleagues discovered additional historical pricing data, helping the development of new predictive models. + +In fact, some of the stock market data they'd later find went back as far as the 1800s! + +At the time, the team couldn't do much with the data, BUT the ability to search modern history to see how markets reacted to unusual events would later help Simon's team build models to profit from market collapses and so called 'Black Swan events'. + +The return in 2008 is a prime example of that. + +Commodity markets were relatively simple and RenTec found success in deploying simple trading strategies. + +The fund wasn't bothered as to why these trading patterns existed - the only thing that mattered is that they occurred in a predictable and actionable way. + +&#x200B; + +**PART 2: Intellectual Capital** + +Now in order to build these quantitative models, RenTec is composed of mathematicians and physicists of the highest order and it has even been described as the "best math department in the world". + +Therefore, their quantitative researchers are well aware of the problems with data mining, over-fitting and spurious signals. + +We are taking A LOT of data: 9TB per day in fact. + +RenTec originally focussed on trading commodities, currencies and futures. + +The strategies were mainly trending (i.e. price will continue to move in same direction) and mean reversion (i.e. price will return to original value). + +Simons was experimenting in the stock market (equities) since the late 1980s but the strategy that had worked well on futures was not working on equities. + +In 1995, David Magerman, an early employee, spotted a line of simulation code used for the equity trading system showing the S&P 500 at an unusually low level. + +This test code appeared to use a figure from back in 1991 that was roughly half the current number. + +It had been written as a static figure, rather than as a variable that updated with each move in the market. + +Magerman also spotted an algebraic error elsewhere in the code. + +Finally, the simulator’s algorithms could finally recommend an ideal portfolio for the trading system to execute. + +The resulting portfolio seemed to generate big profits, at least according to Magerman’s calculations. + +Only then did Renaissance commit significant capital into the equity markets, and since then...well, pretty good.... + +&#x200B; + +**PART 3: Infrastructure** + +Now I mentioned before about the sheer amount of data RenTec is utilising. + +Big data has obviously caught on, but many hedge funds continue to under-perform the market and even some hedge funds focussed on quant methods haven't fared too well. + +The problem, and one of the reasons RenTec is so special, is the barrier to entry is so incredibly high: + +Building a data pipeline and the infrastructure required to process that data is no trivial matter. + +To then get profitable trading signals from that processed data is a mammoth task. + +RenTec has been in the game for over 30 years, constantly refining their algorithms and improving the efficiency of their data processing pipeline. + +They have completely automated the process of signal discovery: + +They don't hire researchers to manually derive novel insights or trading models from data, and they don't really bother with exclusive sources of data. Instead, they hire researchers to improve methods for automatically processing vast amounts of arbitrary data and extracting profitable trading signals from it. + +RenTec has automated the data processing and feature extraction pipeline end to end. + +The data is a pure abstraction to them. They don't bother with forming hypotheses and trying to find data to test them, they allow their algorithms to actively discover new correlations from the ground up. So many quantitative funds advertise how much data they work with, and how they have all these exotic sources of data at their disposal - but the data does not matter. The models for the data do not matter. + +The mathematics of *efficiently processing* that data are what matters. + +**CONCLUSION:** + +**The takeaway from this is the following: do not day trade, you will get REKT.** + +**You are competing with immense infrastructure and intellectual capital of the highest level.** + +&#x200B; + +[https://www.youtube.com/watch?v=jcy8QaILDJI](https://www.youtube.com/watch?v=jcy8QaILDJI) + +&#x200B; + +BRAVE BROWSER: [https://brave.com/fin894](https://brave.com/fin894) +My circumstances are that i live with a friend and pay below average rent so i suppose I’m in a good position to wait if i have to. I’m also in a position to buy and have pre approval ready to go +In 2020 the company I work for gave me a 401k. They match my input of 5% of my paycheck. + As of today I have earned 1% of my deposit including employer contribution. The account was set with default settings as I did not adjust anything. It is set to 90% stocks, 10% bonds. + +This earnings percentage seems terrible to me. Am I looking at this wrong? + +What are typical ROI's for this set-up? + +What can I do to better my ROI? + +I called the company which I have the 401k with and they were not very helpful and said they would refer to their team and email the answers to my questions. I'm very curious if others have experienced anything similar or if any professionals have any advice. + +Thank you for taking the time to read this. +I have a hard time understanding what % of income my wife and I should aim to save. We are moving into a new home, and when I factor in the entire monthly mortgage and ALL expenses we have per month (including miscellaneous expenses such as going out to dinner, haircuts, my wife getting nails done, etc), we are saving: +1. 21% of our net income +2. When I factor in our estimated tax return, we are saving 25% of our net income +3. And when I factor in our tax return and the $ we contribute to our 401k, we are saving 31% of our net income + +Should I be factoring in 2 and 3 to our overall savings percentage, and are these good ratios? +Hi All + +My partner took out a 49 month PCP agreement on a BMW M1 series. We are now in month 48 and his agreement expires next month. + +His bubble payment is £6,000 and he cannot afford that, and neither can I. Because he is utterly useless with his finances, his credit rating is appalling. He has, however, kept up with the monthly payments for the car for the whole 48 month period. + +The car is worth far more than £6,000. I wondered if anyone could advise me: + +1) Could he give the car back, cover the balloon payment and make some money? +2) Could he give the car back, cover the balloon payment and put that towards another car on a PCP, despite his credit rating? +3) Any other options. He could buy it for £6,000 and loan the money but I’m not in a position to help him with this. + +Any help would be greatly appreciated. I am at the end of my patience with his terrible financial organisation. +https://www.bloomberg.com/news/articles/2020-04-21/china-called-out-in-u-s-warning-over-emerging-market-investing + +Edit: Article + +When it comes to companies exposed to emerging markets -- most notably China -- investors should beware the lack of visibility into their books, U.S. Securities and Exchange Commission Chairman Jay Clayton said Tuesday. + +Foreign jurisdictions aren’t maintaining adequate standards of investor protection, and the U.S. has little control over that, Clayton and other officials said in a strongly worded statement. The group also underlined a longstanding point of conflict: that the main U.S. accounting watchdog can’t inspect the work that Chinese auditors do for companies that sell stock in American markets. + +“In many emerging markets, including China, there is substantially greater risk that disclosures will be incomplete or misleading” and substantially less access to recourse in the event of investor harm, said the statement from four SEC officials and William Duhnke, chairman of the Public Company Accounting Oversight Board. + + +The issue over inspections of Chinese accounting firms dates back more than a decade and has always been a point of tension between the two countries. While U.S. regulators can access work papers underlying audits in most countries, China’s prohibition hampers their ability to conduct investigations and inspections designed to catch mistakes or malfeasance by auditors. + +In December 2018, Clayton and Duhnke issued a joint statement saying that U.S. regulators “currently face significant challenges” in overseeing the financial reporting for listed companies based in China. They said that among auditors of 224 companies with total market capitalization of $1.8 trillion that posed obstacles for U.S. inspectors, 213 were in China or Hong Kong. + +Tensions with China have been rising as Republicans, under pressure as critics assail President Donald Trump’s handling of the coronavirus crisis, accuse the Asian nation of failing to give sufficient warning about the pandemic and offering misleading information about its severity. + +Though the auditing issue hasn’t always been on the front burner, companies like Alibaba Group Holding Ltd. and Baidu Inc. have raised billions of dollars in the U.S. while avoiding regulatory scrutiny. Nasdaq earlier this month halted trading in Luckin Coffee Inc., a Chinese chain enmeshed in an accounting scandal, and said the shares will remain frozen until the company satisfies requests for information. + +In their Tuesday statement, the U.S. regulators said investors should especially consider the potential effects of the PCAOB’s blind spot in China. + +“Even when the auditor signing the audit report is not based in China, if the company has operations in China, investors should consider whether significant portions of the audit may have been performed by firms in China,” the group said. + + +The PCAOB keeps a list of companies whose auditors it can’t inspect on its website. +I just read that Portugal does not tax crypto sales, i.e. you can seell crypto to FIAT and you pay literally 0 tax, which is quite appealing to me. I had a general question regarding moving to another country for tax avoidance (not evasion!). + +Let's assume I move to portugal in Jan, and stay for most of the year there, then I presume I become tax resident there. during that period I sell 200 billion USD worth of crypto (not really but good for illustaion :) ) and then I head out of the country and move somewhere else. Would I have 0 tax due in Portugal and as such, nowhere else for that year ( I assume there is no double taxation of any sort like e .g. for US citizens)? Thanks! +I have 20k invested in VEQT at 23 years old. I live at home with nothing to pay except a phone bill. I'm probably going to be dumping 3k a month in it for the foreseeable future (3-5 years). + +When did you see compounding funds really boom? 100k? 300K? 500k? +I'm finding it incredible just how many people in crypto are confusing the triple halvening/cliffening which comes with the merge and EIP-1559. I have seen multiple YouTubers (and not the shitty bybit link shilling, shitcoin pumping kind) and many people on Reddit thinking that the cliffening is happening in the next month with EIP-1559. The amount of misinformation is frustrating. People are going to look at EIP-1559's respectable change to ETH supply (but not dramatic like the merge) and claim "oOh, LoOk, EIP-1559 diDn'T MaKe eThEReuM DefLaTioNaRy!" When in reality, EIP-1559 was never going to make ETH deflationary except for when gas fees were well into the hundreds of Gwei, something which is unlikely to last now that layer twos are taking off. + +Anyway, let me clarify for anyone who is still unsure: + +- **EIP-1559** will reduce the ETH going to miners by an estimated 30% and burn most of the transaction fees going forwards (it will also make gas fees *a lot* more stable. No more guessing what to pay to get into the next block!). This means ~30% less constant selling pressure from miners and anywhere between 0.5 and 5% of the ETH supply being burned each year. Most likely about 1-2% of supply per year based on gas fees over the last year. This would still leave ETH with a net inflation rate of about 1.5-3%. + +- **The Merge/The triple halvening/the cliffening** or whatever you want to call it is the move from Proof of Work to Proof of Stake. To do this, we will be merging the ETH 1 PoW blockchain with the ETH 2.0 PoS blockchain (which currently is running in parallel and has no transactional functionality, just staking, so if you stake your ETH, you're moving it to ETH 2 and waiting for a future update to allow for full transactional functionality on ETH 2.0). This upgrade will result in a reduction of annual ETH issuance from 4.5%pa to 0.5%pa since miners no longer need to be paid for all of the electricity they waste when securing the network It is also worth noting that after the merge, Ethereum will be the most secure and most decentralised blockchain with its over 150,000 validators and greater security guarantees from Proof of Stake due to the ability to slash (punish) bad actors. When combined with EIP-1559, this will result in ETH becoming deflationary or "ultra sound money" since the fees burned through EIP-1559 will be greater in value than new ETH given to validators/stakers. This upgrade is currently looking like it will go live in Q1 2022. + +Finally, I would like to give my own 2 wei on the effects of these upgrades. For over a decade now the crypto market cycles have revolved around the Bitcoin halvings when the supply of new coins going to miners halves. This is important because miners are majority sellers. They have electricity bills to pay and so the inflation from new coins is almost always being dumped on the market. If halving this amount can consistently create a parabolic run, then what do you think will happen when Ethereum gets rid of it entirely? There will be no automatic sellers and what little ETH is given to validators will be less likely to be sold as stakers by nature are ETH holders and don't have electricity costs to offset. Meanwhile, ETH is still sitting at a middle ground ETH/BTC ratio compared to the low and its 2017 highs set in a time when ETH had no apps, no DeFi, barely any NFTs except crypto punks, ETH 2.0 and PoS were still a pipe dream and there were no layer 2 scaling solutions. At some point the market will realise the significance of this supply shock and the price will adjust accordingly. Until then, I will keep on stacking ETH. +My friend has wanted a home for years, but they have very little savings, and little credit. They have proven themselves to be pretty trustworthy over the years that I have known them. + +I would like to help them, but I'm not quite sure what would be a fair and financially responsible way for me to get involved. I don't want to gift them the house, and I don't want to lock up a bunch of capital without getting some kind of return on it. + +Assuming I would fund the down payment and guarantee the mortgage, and they would be responsible for making the monthly payments of PITI, what would be a fair way of distributing ownership of the property? Like some kind of gradual increasing share of ownership up to sun maximum, or up until my principle was paid off with interest? + +If they got a job and had to move out of state, What kind of incentive structure could I put in place that would make them want to make sure the house was rented or sold at a profit? + + +Would love to hear about what models have worked for you, or what you've heard of or think would be a good choice. +Has anyone tried the magic formula on Joel Greenblatts the little book that beats the market? Is it really that simple? I know everything money on YouTube tried to fund $150k worth and was up 60% in 1 year. +Regardless of personality or marketing ploys, in what way are the 8 pillars bad? What others numbers are you supposed to know about a company? How is a company with all 8 check marks not a well valued purchase? +The allure of quick money. I hear about a student whose wealth jumped to $110 million overnight, but the question is how often does this happen? And if it happens, how consistently can it happen? Personally, I’d go for the tried and tested method of log-term investing, the kind Warren Buffett teaches. + +What do you think? Who wins in the long run, traders or investors? + +Do you think trading can consistently work in the long run? +Hi, + +I was wondering if anyone know if there's an archive about all the investments Warren Buffett made throughout his lifetime (especially the early days in 1950s where his compounding was the highest) and the respective financials at the time of the companies he invested in. + +The reason I'm curious to see this is to see what he saw in those businesses in terms of financials and quantitative numbers. I'm sure that'd help us all in learning as much as possible and I'm always curious to know more about Buffett. + +Thank you +Currently at the Michigan vs. Colorado St. game. As soon as the first half buzzer went off, almost in sync, I watched roughly 6 people all immediately turn on Instagram. More followed a few minutes later, and even saw someone watching a YouTube video of one of Michigan’s previous games this year. + +Does this count as DD? +There are around 80 million cars sold per year globally. If Tesla were to capture a whopping 25% market share at \~$50K/car, that would still only be 1 trillion in revenue, less than the current valuation. Sorry if this question or similar has already been asked a bunch... Is the stock being valued as if most people will one day own a Tesla? Am I missing something important here? +Hey everyone, I work as a type of software engineer for a massive evil corporation. Toward the beginning of the year I invested roughly $15k into ETH over the period of a month or two. I made some bad trades here and there, but all in all I am looking okay right now at 738 ETH. I did a lot of number crunching and believe that I have the means to sustain myself indefinitely if I continue to invest intelligently and also start a home cryptocurrency mining operation. I ordered some mining gear and put in 3 months notice to my manager. Even if my plans fail, I should be able to sustain myself for years before I need to work again. Worse case scenario I just take a long vacation. + + +Anyways, I just thought that other's might find this inspiring. Feel free to share your own stories. +I just backtested my TQQQ algobot on QQQ, and was surprised to find that while it has roughly expected returns (about 1/3 of what I was seeing on TQQQ, per trade) it made fairly different trades, and only about half the trades that it made on TQQQ. All of my logic is based on things like moving averages that should behave the same on the two stocks. + +So my question is how exactly are these stocks matched throughout the day? Is there some divergence that then gets corrected overnight? How much stray is there? I'm trading on 1 minute charts, but backtesting by stepping through 1s at a time. +Today I went in to my local bank to close accounts to get rid of monthly fees. Long overdue. Got to talking with the banker who was helping me close the accounts and while making small talk, I found out he was househacking (sharing house with a friend to be able to afford move from LCOL to HCOL). We also got to talking briefly about mutual funds vs. index funds, retirement planning and money management issues. As we were parting ways, he asked me (almost hesitantly...as you would if telling people about your cult) if I had heard of FIRE. Ha ha. Only too well, my friend. Only too well. :) What are your experiences stumbling into FIRE folks out in the wild? +I’m going to be a first-time father and don’t have any friends that are budget conscious with young ones so I’m hoping my reddit family can help. I’m curious on what to expect for expenses over the next few years that come with having a child. We are well prepared financially, but I’m interested in how it will affect our savings rate and ultimately how to factor it into our FI calculation. What would you allocate per month/year and how will it adjust as the child grows older? + +Thanks in advance for any help! +You know what’s crazy… + +According to Pokémon.com, Blastoise is 5’3 and weighs 188 lbs. + +Tell me why tf I always thought that Blastoise was 8 feet tall, 500 lbs, and slung a bbc lmao. + +Anyway, whether he’s 5 foot tall or 8, the fact of the matter is everyone loves Blastoise. + +And it just so happens that the Blastoise token ($BLAST) just launched! + +My suggestion is to ape in now and come back later to read the facts. + +Every second you waste is **like taking an axe to your potentially big gains**. + +But for those who need more convincing, here’s why you should ape in: + +&#x200B; + +First off, yes your funds are safe. Here's proof of locked liquidity: [https://team.finance/view-coin/0xDcD48D12b73C43249Ac2ceA37eEd1C544eEc8268](https://team.finance/view-coin/0xDcD48D12b73C43249Ac2ceA37eEd1C544eEc8268) + +&#x200B; + +**The Marketing:** + +I talked to the dev and he said his team has their marketing plan already figured out! + +How many times have you seen a coin launch and the dev expects the holders to do all the marketing?! + +Or they’ll say that marketing will begin “soon” and they give some BS excuse as to why they can’t start it now (they mostly never do, btw). + +With $Blast, they already have **a plan right out of the gate**, giving this a massive advantage over all other meme coins. + +Instagram influencers, Twitter influencers, partnerships with owners of large telegram groups, partnerships with other meme coins, etc. + +This is one of the most PREPARED meme coin teams I’ve seen. The team also has a background in marketing so they know a thing or two about **branding, creating a community, and creating hype**… + +&#x200B; + +**The Effort:** + +One of the reasons I’m most confident in this token is the amount of effort put into it. + +Go look at their website, the graphics they’ve made, the gifs they’ve made…it’s INSANE. + +The bar is pretty low in the meme coin world. No, actually there is no bar. + +So when I see a coin like this that has a super well-rounded team, a pristine website, tons of marketing material, and thought put behind it, it shows that this IS NOT a pump and dump…that’s why I’m so bullish on the $BLAST token. + +&#x200B; + +**Token Distribution:** + +Token distribution looks amazing and there aren’t any huge whales that could send the price plummeting. + +&#x200B; + +**Other things yet to come:** + +\- Tokencontract audit + +\- Listing on CoinGecko, CMC, and Blockfolio + +\- An NFT related project + +\- Partnerships (look out for these!) + +\- A HODL incentive – they’re gonna be giving people a reason to hold, which is huge since most meme coins are missing this vital KEY! + +&#x200B; + +&#x200B; + +**Tokenomics:** + +\- 10 billion token supply (only 5 Billion circulating) + +\- 50% initial burn (25% of that was sent to Vitalik) + +\- 2.5% burn on every transaction + +\- 2.5% distribution to holders on every transaction + +&#x200B; + +&#x200B; + +And yes, this token is on eth. But here’s why that’s a good thing… + +Plain and simple, people on the eth side hold longer. + +You see… + +People on the eth side tend to hold longer because their gains need to be worthwhile in order for them to pay the gas fees required to pull out. + +People will hold for much longer because they need to get a 2x…a 3x or more for it to be worth it. + +And this is a good thing for you and everyone else. + +People holding longer means you get **BIGGER and more SUSTAINABLE gains**. + +Pound for pound, the eth side creates way more 100x coins than the bsc side. So don’t let this discourage you. + +So what are you waiting for?! Get in now. Trust me, you’ll probably end up FOMO’ing in eventually so you might as well get in now and get more tokens for your money. + +Save yourself the regret, anon. + +&#x200B; + +&#x200B; + +Site: [http://www.blasttoken.com/](http://www.blasttoken.com/) + +Etherscan: [https://etherscan.io/token/0xdcd48d12b73c43249ac2cea37eed1c544eec8268](https://etherscan.io/token/0xdcd48d12b73c43249ac2cea37eed1c544eec8268) + +Dextools: [https://www.dextools.io/app/uniswap/pair-explorer/0x716cb02637f316bf9c206e6ba3ed447afbd94f6f](https://www.dextools.io/app/uniswap/pair-explorer/0x716cb02637f316bf9c206e6ba3ed447afbd94f6f) +I apologize if the formatting is bad. I’m writing this on my phone, but I am in the process of selling my home and it looks like I am going to get a check for $60,000. + +I know this isn’t really a lot, but I grew up with not a whole lot of money. My family is extremely bad with their money and I was the first person to actually ever buy a house. So it is difficult to get advice from them. This is by far the most money I have ever had and I am not entirely sure what I should do with it. Any suggestions or advice would be greatly appreciated. +HCOL HENRY, earning $500k-1m per year, single no kids + +Anyone have an experience they’re willing to share of putting your money to work in a way that created work for a trusted family member? So long as the ROI is non-negative, the priority would be creating a decent full time or part time job for a laid off family member over the next 1yr+. + +Managing rental properties seems like an obvious answer, but we’re both in the Bay Area where the economics of buying a rental property just don’t make sense. +Australian home values are now shrinking at an annualised rate that exceeds 15% based on the three months of CoreLogic compositionally-adjusted index data to 10 September. In Australia's largest city, Sydney, the annual pace of house price depreciation has stabilised at a hefty 22% since late August. Property values in the nation's second largest metropolis, Melbourne, are falling at 14-15% annualised clip.  + +Wonder what the property bulls will make of this... + +[https://www.livewiremarkets.com/wires/aussie-house-prices-now-falling-at-more-than-a-15-annual-rate?utm\_campaign=8493&utm\_medium=wire-page-share&utm\_source=twitter&utm\_content=aussie-house-prices-now-falling-at-more-than-a-15-annual-rate](https://www.livewiremarkets.com/wires/aussie-house-prices-now-falling-at-more-than-a-15-annual-rate?utm_campaign=8493&utm_medium=wire-page-share&utm_source=twitter&utm_content=aussie-house-prices-now-falling-at-more-than-a-15-annual-rate) +I am 21, no debt, and after rent, car, and all other bills, I am left with an extra 500$ish a month. + +I've invested some money into crypto, as well as the stock market. So far my returns have been very Good, however I want to look at other options to diversify my income. + +So what options would you recommend that I look into? I have an emergency fund and will keep that, I am just looking to branch out as much as I can to see what I like best, and focus more on that. + +Edit: thanks for all of the advice, hopefully this post helps out more than just myself +I'm aware of the concept of moral licensing, doing a bad action because you did a good action. + +But let's say a company suspects it's competitor is fraudulently doing something to gain a competitive edge? + +For example, using a cheap material but fraudulently saying they are using a better one. + +The competitor that suspects this action is happening actually goes and does a similar thing, to keep a competitive edge, even without proof that the first company actually IS doing this? + +Is there a term to describe this? I'm asking out of pure curiosity. +I don't know if this is reasonably answerable, but I thought I'd ask. + +There are plenty on both sides of the isle that thinks the banks should have went under instead of being given bailout money. What do the effects of that look like for the country and maybe even the world? +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! + +Edit: For UK apes! iWeb has since confirmed they can transfer ISA GameStop shares to ComputerShare. They were bullshitting me before when they said the couldn't. DRS! + + +Sorry for the wall of text, just copied and pasted the transcript. This conversation is amazing: + + +Edit: An ape told me off for not making the broker clear at the start. It's iWeb, owned by Lloyds Banking Group. + +&#x200B; + +Me: + +Hi I'd like to Vote my share now that the window is open to do so +stock: GME +what is the control number? I will do it myself rather than have iweb do it for me +Agent +Hi, you are unable to do this yourself we have to pass this vote on for you +If you provide me with your personal reference number I can log this for you +Me +one sec.. +Agent +Sure +Me +are you sure about this +i'm pretty sure I can do it via investorvote.com +by punching in my control number there +Agent +I have just requested some info on this but from my knowledge we do it on your behalf +Me +ask them how iweb does it. surely iweb is also just punching in the control number themselves +regardless i'd like my control number +thanks +Agent +Is it Game Stop you are enquiring about? +Me +yes +Agent +Thank you for waiting. I'll be with you in just a moment. +Me +ok +Agent +Hi, in this case, we no longer guarantee ability to get that information on control numbers so would not be able to provide that info to you and we dont do voting on US Stocks. +I apologise for the inconvenience +Me +??!! +Agent +the reason for why is that US stocks are held externally and can then can be held by 3rd parties from there, it takes a long time to get the info and there is no guarantee would be able to get it even with a long lead time, there was a big issue with GME last time around and caused a lot of complaints, that was the point at which stopped Voting on US +Me +so how did i vote on these shares last year via iweb if you dont do voting on US stocks +Agent +The reason we have stopped voting on US shares is due to the complications which came about from the previous Gamestop vote +Me +interesting info. so basically you have just confirmed what Dr Susanne Trimbath has been saying all along; that brokers (even boomer brokers like yourselves) are screwing over retail by not vote counting properly +Buy, Hold, DRS! +thanks for your help +Agent +I apologise for the inconvenience , this is a business decision that I have no control over and can't over rule unfortunately. Is there anything else I can do for you? +Me +no problem i am not blaming you personally at all. i should thank you for the confirmation. have a great day! + +End Transcript + +&#x200B; + +This is a boomer broker. no PFOF or cfds. They get paid on fees. they are owned by a bank that has half a TRILLION assets under management (took Mark Cuban's advice.) They are as straight as a broker can be. They are literally saying they changed their rules because of GME. They straight refuse to vote on these shares. They are saying that they don't have the control number, because they can't get it, because it's a fking mess behind the scenes with the absurd numbers of synthetics, rehypothicates, FTDs and god knows what else. They don't have the shares; they refer to a third party who holds them (DTCC i see you!) + +&#x200B; + +Note: + +I have the majority of shares in ComputerShare so I'm good and I voted on them there. But I kept some in my boomer broker because a) they were in a tax wrapper and I couldn't transfer them unless I sell b) I'm fine with the notion of selling these at phone number prices and leaving the CS shares in the infinity pool - coz fk em, that's why. + +&#x200B; + +DRS is the fking way!! Dr Trimbath you were 100% right and my boomer broker confirmed it! Moon soon! + +Edit: Multiple comments asking who the broker is. It says it multiple times in the transcript - iWeb. This broker is owned by Lloyds Banking Group. + +Edit2: I edited an now it's turned into a complete wall of text. Damn you reddit! +Good Day, fellow Investors. + +The last few Month, i was more interested on some quick Gains. + +So i was focusing more on trading with futures and Value-investing. + +I saw huge Gains and huge losses all in all, im up 24% with my trading Portfolio and + +im up 17% with my Value Portfolio. + +But at what cost, it was just to stressfull, i mean 9 hours work in my daily job and the same at home watching charts and searching for undervalued companies. + +NO THANK YOU. + +After a long Process of evaluating, i came to the conclusion, i need back the boring stuff in Life to enjoy it. + +I mean what is better than searching, for some Dividend paying companies and giving them Money every Month, so they give you Money every Quarter, for doing nothing. + +You research them once and then u take a closer look at them every Quarter. + +For me there is nothing better, so i researched a few Companies and ETFs to let them pay me. + +&#x200B; + +|Companie |Dividend %| +|:-|:-| +|3M|2.92| +|Bank of Nova Scotia|4.60| +|Royal Bank of Canada|3.5| +|Porsche SE |4.38| +|Allianz SE|4.46| +|Lowes|1.2| +|Nintendo|2.21| +|Merck& CO|3.42| +|Developed Market Property yield|2.8 | +|European Property Yield|3| +|Ahold Delhaiz|4.02| +|Walmart |1.55| +|Pepsico |2.97| +|Procter& Gamble |2.53| + +So that is the list of Companies, ill give Money every Month. + +(Srsly those Canadian banks r Diamonds) + +Im allready heavily Invested in ABBVIE (picked them up at 60€), so the Pharmaindustry is already covered. + +As soon, this list is producing enough Income, ill add JNJ, because, DUH, its obvious. + +If you want to know something, about any of these Companies, let me know. + +Criticism is very welcome, let me know your thoughts. + +Happy investing, have a nice Day adios +I’m 33 almost 34. + +I have the tsp going for some years now. I’m at 100k kinda late start. And I track the C fund which is the s&p 500. + +I put 1000$ a month right now into it. That’s with the Matching. I’m just gonna let that continue for another 20-30 years. Well until I get a couple years out and diversify that. + +I still have 500-1000 a month left over to invest. +I don’t have an Roth IRA. But I plan to start one once I liquidate some property in 5-10 years. + +So as of now. I’d like to start a dividend system. And reinvest the dividends. My grandfather built a really nice wealthy portfolio. + +His strategy, but brick and mortar companies that pay a good dividend and at minimum are 50 years old. Stay away from tech. +He doesn’t smoke, so he invests in tobacco, he never drank, so he invested in alchohol. + +And he invested in tire companies and waste services. He’s an old Italian guy from the 40’s in Detroit. Go figure lol. + +So I’m looking to some of the same things, but I’d like to modernize that. And In fact he’s about to die, so picking his brain is hard right now. + +Anyone do something similar? And can expand on his strategy? And maybe suggest a similar idea ? + +I am curious on if anyone uses fidelity fractional shares ? I set up an account with them. Haven’t moved any cash in yet. + +Thanks -Joel +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Breaking news or important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Breaking news or important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Hello, so I am going back to school in a year or so for a graduate program that costs about 40K. I have been living far below my means over the years and have about 20K saved up right now. Salary is 30k a year after tax. So here's my dilemma: The more money you have saved up (this counts amounts in TFSA/personal accounts), the less OSAP you get, which in a way punishes me for making good financial decisions. I am considering investing all the money into Gold or collectibles (i.e assets that retain value but aren't counted by OSAP as assets). Another option is to just spend all the money on useless things. A final option is to keep it all invested in stocks and hope that the stocks will appreciate enough in a year to allow me to comfortably cover my tuition in its entirity but I'm not sure I like that one. + +Also, I'm considering getting a TD student LOC instead of OSAP so that I can keep my TFSA investments. I'm not sure that would be wise due to the interest rates though. + +In case more info is needed, I live alone. + +How should I proceed? +I’ve been reading a lot of opinions of Stonkers that are doubting if this -the splividend- is it. + +Sure, we’ve witnessed months and months of fuckery. Ups. Downs. Triple witching, quadruple witching, FTD’s, S&P changes, runic glory, etc. And every time we hoped for something it turned out to be a wet fart. + +But what if, *what if*, this time around it is different. This time around it could be really something. This time it’s not us assuming a date or hyping a release of bodily $fluid. This time it’s GME doing a thing. + +I truly believe that the splividend is very a calculated move by RC and GME. We are all assuming what will happen coming days. Nothing, everything, we don’t know. But I think this is it. The beginning of the end. + +They know what they are doing. And they aren’t doing anything without some deep purpose. + +I think it’s just a matter of weeks before we have phone numbers on our bank accounts. What will happen in the coming weeks will change lives. So many lives. And I’m so looking forward to it. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Just relax….this can go up all day and then they literally push it down to below what we opened….if your heart is racing now, imagine when it actually goes to 1k+, anything before that is meh. I know a lot of you haven’t been in since below $40, but take it easy. Be Zen, we’re not there yet, might’ve not even started. + +Shoutout to my brother/sister apes that held down to $40 and back up! + +Edit: for those of you saying “let people be happy”, or “no shit it’s not the moass” it’s a tiny run up and we have a lot of new apes. Many have not seen it go up $20 and have no idea if this is moass or not. Others put their entire life savings into this and don’t know where to go. If you’ve been in this for a while, it might seem obvious to you, but not them. I also see cringey post at times and wonder ugh, here we go again, but then I remember, not everyone has been in it a long time. We have 660k+ members, remember that and move on. + +Edit 2: Getting some hate for this post. Seems like some of you apes are tired. Stay strong, there’s new baby apes… stay humble and remember Ape don’t fight Ape. Stay hyped everyone, stay calm, and we’ll take off eventually. + +Edit 3: didn’t think this would blow up so much. Really just wanted the new apes to take it easy, enjoy the moment, and not get discouraged when crime is afoot. But a big thanks to everyone for the Internet points and I was glad to briefly chat with some of the other $40 apes. +Ok so it? President Biden is getting blamed by many. I thought it is another effect of coronavirus. I don't blame his policies. I also thought that if Trump were president, he would be facing similar inflation rates. +I'm still relatively new to algotrading, but I've noticed people saying that crypto is easier than stocks, which are easier than forex. Is this true? Why is crypto the easiest of the three? Why is forex the hardest of the three? Is this correct? +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! + +"[Ethereum guys] got led in by the concept of smart contracts and all the decentralized politics built in around that. But I think that that emphasis, whether political first or technical first, is a huge driver. Because the Ethereum community generally speaking is pretty typical for nerds. It's much like a Linux user group. The Bitcoin stuff on the other hand is a very typical space for hard core libertarians.” + +“Cryptocurrency is a frontier, and it's a frontier that requires an enormous technical complexity to survive,” Gupta said. “As a result, what you get is very very smart, very forward looking, very risk hungry technical people in huge numbers. And that's genuinely a unique environment, that doesn't happen very often, and when it does happen, you tend to get explosive breakthroughs in technology.” These futurists will one day be right; it is just a matter of when. + +https://www.forbes.com/sites/rahulsingireddy/2017/10/18/this-revolution-will-be-tokenized/ +The splividend might not instantly force shorts to close the second it goes live. We're in uncharted waters here, and there is plenty of fuckery afoot. Other similar scenarios (like tesla's split for example) took a long time (months) for the stock price to fully respond. You can bet your ass MMs and brokers will be trying every trick in the book to kill or delay the MOASS too. + +MOASS is coming. Just don't throw a fit if it doesn't happen at 4:01PM on the 21st. +Ive been scalping SPY ITM weekly options. It has been very profitable. Usually I make between $100-$300 per trade but I would do that multiple times throughout the day so it adds up. I use the TDameritrade LRC indicator and MACD to help me know when a bounce or reversal will occur. + +This is about me venting about taking profits. I was up over $700 on one trade with a SPY put and thought that would go down more due to greed. Then it reversed and I ended up losing $3k. What’s even worse is that I was being speculative and thought that it was going to reverse. It was on Thursday when SPY hit new ATH. So I decided to hold and hope for a reversal but it never did. I went from $700 up to down over $3000. Safe to say, I learned my lesson. I should’ve have just taken the $700 profit and go from there. + +Lesson learned: people never went broke taking profits. They have gone broke by being too greedy and trying to hold out for more profits. + +I don’t need to try to make $1000 on 1 trade. I can make 330 on 3 separate trades and that will add up. Trading is a marathon. Not a sprint. + +Edit: please stop messaging me asking how I did my trades or if I can teach you. I’ve already stated how it’s done in my post. Please just read up on LRC channel and MACD. There’s YouTube videos about it. +Hello, + +As the title says, I will be dipping my toes into the trading world. Can you give me any advice or tips to get off to a good start? Thank you in advance! + +Edit. I was looking to get into crypto and stocks, day trading, but not opposed to long term trading. Any resources you recommend that helped you? + +Thank you in advance! +I Know that right now the s&p is pretty shaky and they say is a bubble, etc. but lets asume that the s&p is behaving like it always (or almost always) does. Basically, the thing always go up. Like 99% of the time. Assume the conditions that we had since 2009 until 2018. Basically almost 10 years of going up. What if in any day withing that period you would buy a daily candle ( And i mean ANY daily candle ) and your risking crazy ammounts, lets say 10% of your account in each trade, and no matter if the price drops, you just leave the trade 2 weeks, 2 months, whatever until you are green. Thats it, thats the strategy. This means that you would have a very high succes rate (honestly close to 90% in that period) and you are winning 10% each trade, and yes, when you catch a big correction you will lose arround 30% before you get out, but like, if you take in consideration all the winners, those few loses of 30% arent much are they? if you had done exactly that in that period you would be a friking billionare today. WHY people dont do these things? I know that you should have a 3:1 or 2:1 or 1:1 risk to reward ratio, and here im proposing something like 1:3, risking 3 to make one, but since your succes rate is so high and you have a market that goes higher 90% of the time it still makes the strategy viable at least in my view. What are you thoughts on this? would this work on another trending market? is this just some stupid thought from an ignorant person? please, i want to know why this would not work in any case + +Edit: what if instead of just risking 3 to make 1, you would go to a 1:1, putting a stop bellow structure, losing 10% or winning 10% on each trade, would this make the strategy more viable? +Source: https://www.reddit.com/r/Superstonk/comments/xtcv7h/this_post_was_spot_on_ready_for_liftoff/iqpcsf0/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3 + +To the god damn moon baby! + +DRS. +This is embarrassing to admit, but I've always had a tough time with keeping my savings untouched - I'll "borrow" money from myself whenever I've made dumb financial decisions and am suddenly almost broke + +I remembered yesterday that I still had an account at another local bank that I hadn't touched in years (there's only the bare minimum to keep it open). I don't have a debit card for it, and I thought, wait, why don't we transfer our savings to that account? That way there's no way we can spend/touch it, and transferring it to my current bank account would be a pain in the ass + +I don't know why I didn't think of this sooner, but I think it'll help me in my journey to becoming more financially responsible + +Does anyone else do this? Does it help? Any other advice would also be appreciated +https://www.marketwatch.com/story/at-a-10-year-high-wage-growth-for-american-workers-likely-to-keep-accelerating-2019-03-08 + +Tightest labor market in decades forcing companies to pay up + +It’s been a long time coming, but American workers are finally reaping the rewards of one the longest economic expansions ever. And they may get rewarded still. + +Hourly pay earned by the typical employee rose sharply in February, pushing the increase in wages over the past year to a 10-year high of 3.4%. + +The last time wages grew that fast was in early 2009. +I just bought come C and ARCC, and I have other dividend stocks too. What’re some good dividend stocks that still have room to grow in price as well!! I need more stocks to buy! +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 +Hi, + +I am aware there is already a lot of information out there, reviewing these challenger banks although usually are paid promotions or short term users. + +So far I have preferred Revolut out of the three and have been using it for years. +Main reasons are: +mostly free services +good and fast money transfer services +great platform +accurate expense tracking and +debit/credit messages + +Lately I have seen Starling and Monzo as the preferred option for several people in my network and readers/subscribers, so wanted to ask is there any reason to consider the alternatives? +What do you think? +Any comments are welcome, +Best +FV +**TL;DR: There's reason to believe that not only were media outlets and journalists paid to bash GME and publish anti-GME articles, but (at least some) YouTubers were also part of the web of corruption, taking in undisclosed sponsorships/jobs in return for helping SHFs targeting a takedown of GameStop as part of a short and distort scheme.** + +\--------------------------------------------------------------------------------------------------------------------------------------------- + +I want to discuss something that's been on my mind for a while: [YouTubers bashing GameStop](https://imgur.com/a/KyPR7gy). + +If you search up "GameStop" on YouTube and scroll down, you might find some YouTubers consistently bashing GameStop to the point of suspicion. + +Here's some examples of what I'm talking about: + +https://preview.redd.it/m0mbe7z6pb1a1.png?width=509&format=png&auto=webp&s=447fe9b4c945d474bc3026ca6135c6e60acca04d + +https://preview.redd.it/b1ocisj8pb1a1.png?width=701&format=png&auto=webp&s=384510410cf9d7d30e2dbc7ecb28a233b7647e29 + +When I see dedicated attacks like these on GME by the same YouTubers, I have to wonder if there are financial incentives behind making these specific types of videos that we don't know about. + +For instance, Cheryl Wischover from [Vox](https://www.vox.com/2018/8/31/17801182/beauty-influencers-pay-negative-reviews) reported that there's brands out there that do pay influences to bash competitors (same method could be applied by a hedge fund to a company they're shorting): + +https://preview.redd.it/67wxdn0apb1a1.png?width=1149&format=png&auto=webp&s=e64b5b7b7f84910b134e939fd2f456ef96c90ec0 + +So, we do know that this stuff actually happens irl. + +Upon further research, I also found an [alleged confession from a paid shill as far back as 2007](https://www.investorvillage.com/smbd.asp?mb=445&mn=25514&pt=msg&mid=1288319), who was paid to artificially create negative sentiment towards other companies, so this has possibly been happening as early as the 2000's. + +https://preview.redd.it/2babfr8bpb1a1.png?width=959&format=png&auto=webp&s=4d379117c388a3115b3c0a9f35dcd2264b411c0b + +I can't confirm if that post is true, but the fact of paid bashers being a widely discussed topic as far back as the 2000's intrigues me. It's not improbable that this was happening back then, because these would be very effective methods in facilitating pump and dump schemes, as well as short and distort schemes. + +Just a few years ago, a [YouTuber](https://www.youtube.com/watch?v=rkl39ppvTGg&t=0s&ab_channel=ValueInvestingwithSvenCarlin%2CPh.D) exposed a company trying to recruit him as a shill to facilitate pump and dumps, which also exposed a long line of many other YouTubers that actually took the money and kept quiet. + +https://reddit.com/link/z137ou/video/tzgtgxzxpb1a1/player + +So, it seems that only a tiny fraction of people that encounter these recruiters will come out, be honest, and help expose them. + +If it's happening to help long investors pump stocks, then the converse is likely to be true; it could be used as a means to help short investors tank a stock, and profit greatly as a result. + +For those of you that don't know, Ape "[pinkcatsonacid](https://www.reddit.com/r/Superstonk/comments/msdr64/yall_wanted_proof_here_is_the_first_60_seconds_of/)" recorded a phone call with a shill recruiter last year that tried to get her to make artificial DD posts on SuperStonk (distraction DD posts, in particular). + +https://reddit.com/link/z137ou/video/jx7i6zftpb1a1/player + +While I haven't seen a lot of shill recruiter activity recently, there were tons of reports last year of shill recruiters trying to get Apes to mislead the community with artificial DD posts, some trying to distribute negative DD, others trying to facilitate pump and dumps to rug pull options traders. + +A media company actually did reach out to me in June last year. They were talking about how they were going to give me assigned DD posts that I could slightly alter to make it fit more with the community, but the DD was going to look bullish and promote a "date". I deduced that, on that date, or as we got closer to that date, the price of the stock would tank, and whoever was paying these 3rd party companies to recruit shills was making money off options traders being influenced by the DD posts thinking something was gonna happen on that particular date, going heavy in calls, only to get swept under the rug when nothing happened. + +They wanted me to post on a few subs, including this one. I asked the recruiter for an example of what he wanted me to post, and the example he gave me was about promoting July 14, 2021 as "the MOASS date". I kept that information to myself for a long time, even when I exposed them, because I thought if I brought it up, it'd be FUDdy. When I exposed them last year, I received DMs threatening me to delete the post or I'd get sued or some shit. Some meltdowners told me it was a prank and to delete the post, and I was honestly getting 2nd thoughts, because I wasn't sure if it was 100% legit anymore. But, sure enough the stock tanked hard as it approached July 14. Nothing happened on that very anticipated date. Everyone that bought call options expecting MOASS got rekt. Ever since then, I became very skeptical about date hype posts, especially from YouTubers like the pickleboy that consistently spit them out. + +But, I digress. It is very much possible that they have both shills outright bashing GME as well as plants inside the community causing harm from the inside by promoting misleading DD posts that just hype dates. + +As for the YouTubers outright bashing GME, the oldest videos of the YouTubers consistently bashing GME were from 10 years ago, which was still *after* Citadel began shorting GME. + +For those of you that don't know when Citadel started shorting GME, Ape "Freadom6" makes a very convincing argument for why Citadel began shorting GameStop around the end of 2008, in his DD "[Citadel Used 2008 Bailout Money to Begin the GME Shorting Saga](https://www.reddit.com/r/Superstonk/comments/oq7rqi/citadel_used_2008_bailout_money_to_begin_the_gme/)". + +Basically, Citadel got bailed out in 2008, started significantly engaging with GME calls/puts (which we know can be combined to create synthetic short positions), all while the short interest concurrently increased, which leads me to believe that around that time is when Citadel began shorting GME. + +https://preview.redd.it/7ujod3d2qb1a1.png?width=765&format=png&auto=webp&s=01c2bb7d0990c253636b1b4a2dd5e4889e924602 + +However, Citadel didn't do as good of a job shorting GME in the beginning. It wasn't until 2016 when they became GME's designated market maker, when they actually were able to consistently tank GME hard. So, now you know the magic trick. + +https://preview.redd.it/cywiiyj3qb1a1.png?width=743&format=png&auto=webp&s=f84a1d9becd7dc2fe6db8401a8dd010323884dd0 + +That being said, I'm sure from 2009 and on, they were looking for a variety of ways to short GME. And if shills were active as early as the 2000's, then it's entirely possible that Citadel has had 3rd party companies pay YouTubers to bash GameStop since the early 2010's. + +I can't prove it, as these types of back-end deals rarely go disclosed, but I am fairly confident it has been and is still happening. This shit isn't limited to Jim Cramer and MarketWatch. The web runs much deeper than that. + +So, what can we do with this information? Well, we can stay vigilant, percolate the genuine DD from the misleading DD that has no substance except date hyping/options promoting. Furthermore, take this as a sign you're in the right stock. Countless articles, media outlets, and paid professional shills attacking GME over the course of years doesn't tell me that GME is a bad stock—it tells me that GME is a legitimate threat to SHFs, and they've been desperately trying to shut the lid on it to no avail. + +Not many Apes know this, but GME was trading above $10 in 2007 (over $40 pre-split), which, if adjusted for inflation, would equate to over $14 (nearly $60 pre-split). That was *all* the way back in 2007. There was no Ryan Cohen, no DFV, no 58% of the free float DRS'ed. Right now, GME is not even twice the amount it was in 2007. There was no short squeeze in 2021; that was just a run up. We never had a legitimate short squeeze. The fact that we had TONS of documentaries and bullshit movies trying to act like the short squeeze happened is further sign that SHFs really want Apes to believe that shorts closed, and to forget about GME. Are Apes going to forget about GME? Hell no. We all know SHFs are trapped, and DRS will finish what they started. Time is on our side, not on theirs. 🦍🟣🦍 +Hi all + +I'm just wondering if anyone can enlighten me as to why reaching $100k in your super seems to be a big milestone for some on here? + +I remember reading a comment before where someone basically made the point that once you reach that benchmark, you're kind of sorted. Can anyone explain this theory to my little brain? +&#x200B; + +&#x200B; + +https://preview.redd.it/m5tw25x8b6b81.jpg?width=1800&format=pjpg&auto=webp&s=a6d98a65a43a4646795b73789b8f0963894b0638 + +&#x200B; + +I've watched on-chain data for years. I'd argue that currently, it's the most bullish I've ever seen it, and the micro backdrop looks the same. I'm calling for $500k in the next 12 months. Longterm holders are in a longterm uptrend, while short-term holders are in a longterm downtrend. When you consider the halving we had in 2020 (which means only 6.25 coinbase per block), the rise of commercial mining (which means huge amounts of HODL'ed bitcoin), the parabolic growth of the LN (which means ever increasing amounts of BTC locked in nodes), the explosion of hard wallets (Trezor will give you 13% off if you wait to buy yours, and Ledger tripled its capacity), the possibility of spot ETF's (which means pension, IRA, and institutional exposure), and that 90% of all BTC has already been mined (the last 10% will take over 100 years to mine), there's not much time left until we reach the counterpoint. That's where governments, financial institutions, and wealthy families late to what we've known as inevitable, compete for the last large tracts of UTXO space on the blockchain, and bring about the type of volatility that the gold/papiermark enjoyed, just before bitcoin's transactional (medium of exchange) epoch arrives: + +&#x200B; + +https://preview.redd.it/dtjkna3cb6b81.png?width=601&format=png&auto=webp&s=3c5a310fb1c2c31678582e086a9bd05b54236542 + +On the micro side, all the publicly listed bitcoin companies (miners, FinCen, etcetera), are at exhausted RSI's and trading at or below 52-week lows. The perp funding rates are negative. Futures ETF's have been in a consistent downtrend since November. The fear and greed index reached multi-year lows two days ago. Too, the massive amount of Asian selling is drying up (Huobi alone dumped 350k coins over the last quarter and several exchanges dumped all their Chinese customers). But you'd never know any of this from the story on-chain data is trying to tell us that dumb money isn't heeding: + +https://preview.redd.it/stqgygmyb6b81.jpg?width=1800&format=pjpg&auto=webp&s=78ae90722bc8c98455aef5e353d922f4e7a49591 + +&#x200B; + +https://preview.redd.it/p7bjjtv7c6b81.jpg?width=640&format=pjpg&auto=webp&s=a10a5ca31e4c4e6028b53172221bd5f3649bf758 + +So for me, I'm going to follow the subtext, and not listen to the noise. I'm going to trust the math. I'm going all-in with my dip money which I usually keep at 5% of my BTC holdings. I'll do so un-hedged, and prepare a loan on my BTC in the event one of the below FUD's drives us down briefly. + +**FINAL FUD** + +There are 3 potential FUD's this year, and after, there won't be anymore, ever. + +* Regulation. This will obliterate altcoins and almost all stablecoins. +* Mt. Gox distribution date +* Russian invasion of Ukraine. This could spike energy prices, clobber mining's economy of scale, and force distribution of several miner's holdings to pay overhead. Kazakhstan produces energy at .04-.05 cents per kWh, which is about the cheapest in the world and has 20% of the hash power for example. Adding .01 to that is extremely severe. + +Bitcoin will pivot off all of this quickly. +Ladies and gentlemen - the weekend. + +So since we’re all not busy looking at charts I figured I’d bring up a topic I feel should be talked about to some extent. But before I dive into this I’d like to say that I do think that this community is solid and after all the drama and migrations the best we have had so far. I’ve been around for a while, got the majority of my shared DRS’d and Kenny if you are reading this: Better stock up on mayo, who knows how long you’ll be able to afford it :) + +Now that we got that out of the way, I’d like to take this opportunity to talk about the transparency in the sub, because I think it is lacking at the moment. I have kept an eye on the moderator list and have noticed 4 mods disappearing recently, but none of these changes have been announced publicly - and I think the community deserves at least that level of transparency. I have messaged them asking about it, and several confirmed that there has been no public info about this. When asked about the reason for leaving, they all were suspiciously vague about the reasoning. + +Originally I thought “Meh, whatever” but one of the current mods mentioned it being quite toxic behind the curtain. Which would be a shame because toxicity is bad on all levels :) Except Citadel HQ, let them tear each other apart :P + +This has led me to these three questions: + +**Why have those four mods been removed?** + +**Would it be a good idea to have something like a weekly update to let the community know what’s being discussed?** + +**Is there anything the community can do to improve the situation?** + +Overall I do think the community has its own moral compass and the risk of anyone in this sub doing anything malicious that could hurt the community is very low. That doesn’t mean that we shouldn’t all try doing our best to create a nice, social, friendly space here. Mod, user, or bot - let’s all do our best to be nice to each other! :) + +Thanks for taking your time reading this - I’m curious to see what other people think! + +&#x200B; + +EDIT: Because it came up several times in the comments, these people are not mods anymore: + +[u/jsmar18](https://www.reddit.com/u/jsmar18/) + +[u/Bradduck\_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) + +[u/DeadDevotion](https://www.reddit.com/u/DeadDevotion/) + +[u/Chared945](https://www.reddit.com/u/Chared945/) + +&#x200B; + +EDIT2: Looks like there won't be a reply from one of the current mods, which makes me a bit sad. I don't think my questions are unreasonable, at least reasonable enough to be worth replying to. I guess I will see you all next weekend :P +Soon I will turn 18 and I plan to implement this portfolio over the long term. Please critique it, tell me what you think about it, and bombard me with any other advice you can offer. Thanks! + +Here it is: + +50% VTI - total usa market + +30% VXUS - total international market + +10% VGT - information technology market + +10% VNQ - usa real estate market +I just bought lump sum into VTI and VXUS yesterday. Not sure if I’m doing it wrong as the prices is currently at all time high, plus for the past few months the upside movement has been huge after the COVID recovery. + +Wondering if there would be a huge correction soon. Should I even worry? + +Sorry for my noob questions, have been playing crypto mostly in the past but moving my profits to index funds. +Thoughts on LIT? + +[https://www.etf.com/LIT#overview](https://www.etf.com/LIT#overview) + +Maybe a good way to hitch your wagon to all things using Li batteries (EV, green energy, electronics). + +The fund has holdings from mining, refining, and manufacturing of Li batteries. High expense ratio (0.75%) but I don't worry too much about that right now. Also... if high ESG ratings are important to you, you might want to shy your eyes. + +It's been erratic this calendar year after a little (post election) run, maybe it's ready to do another little run? + +[LIT 6 months](https://finance.yahoo.com/quote/LIT/chart?p=LIT#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) +Hello everyone I’m looking for some high dividend etfs or even high dividend stocks. Can you please leave below some suggestions/favorites? wanting to add some consistent cash flow into my portfolio by dividends. Thank you! +A new cryptocurrency token based on the community and driven by it. + +There will ever be a limited supply of 300T VIC where 40% were burned since the very beginning and 60% were added as liquidity on pancakeswap pool. To make this a 100% community token the developers decided to renounce their ownership directly after its creation. + +With liquidity locked, ownership renounced and not a single red flag no matter where you scan, there is no way for the developers to manipulate anything. + +Fair launched with everyone in telegram and the devs answered every question we had, huge marketing coming. + +With all of the whales gone and marketing coming, its a matter of HOURS before this goes 10x or even more. + +&#x200B; + +Chart : [https://charts.bogged.finance/?token=0xfce58c823210Ab99f677b165D151F6693e641e3a](https://charts.bogged.finance/?token=0xfce58c823210Ab99f677b165D151F6693e641e3a) + +Contract : [https://bscscan.com/token/0xfce58c823210Ab99f677b165D151F6693e641e3a](https://bscscan.com/token/0xfce58c823210Ab99f677b165D151F6693e641e3a) + +Pancake : [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfce58c823210Ab99f677b165D151F6693e641e3a](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfce58c823210Ab99f677b165D151F6693e641e3a) + +Liquidity : [https://bscscan.com/tx/0x251df725acd91f29ea522e4883d279860c290ae1ed63449243892b4e790af2a1](https://bscscan.com/tx/0x251df725acd91f29ea522e4883d279860c290ae1ed63449243892b4e790af2a1) + +Burn : [https://bscscan.com/tx/0xb49b392b2d88a0cf1b65b42ec0e8ba09e6bbc3f15b9630188421adaf96e10591](https://bscscan.com/tx/0xb49b392b2d88a0cf1b65b42ec0e8ba09e6bbc3f15b9630188421adaf96e10591) + +Ownership : [https://bscscan.com/tx/0x809ceb97edb84ee79c7a0e80dd774c35b2dde119bdc6bf1cd70085a368c45689](https://bscscan.com/tx/0x809ceb97edb84ee79c7a0e80dd774c35b2dde119bdc6bf1cd70085a368c45689) + +Twitter : [https://twitter.com/FinanceInvictus](https://twitter.com/FinanceInvictus) + +Telegram : [https://t.me/InvictusFinance](https://t.me/InvictusFinance) + +Website : [https://invictusfinance.io/](https://invictusfinance.io/) + +​ + +​TOKENOMICS: + +300T Total supply + +40% burn 120T + +60% liquidity 180T + +Tokenomics + +5% to holders + +5% into liquidity +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. +**Edit: wow, there is a serious divergence of insightful opinions here. Was expecting a more unified response that maybe I was just overlooking in my situation. Nonetheless, thank you for all the thoughtful responses and friendly support!** + + +32 years old in MCOL area with solid IT job of 7 years. + +Salary: $80K + +Net monthly income: $3600 + +Leftover after rent and bills: $1000 + +Roth IRA, HSA, employer 401K match all maxed + +$15K in savings. Assume my mortgage would be the same as what I’m paying currently to rent. + +Have a leased Lexus and I’m handing back the keys in June when the lease ends (which will free up $600 in extra cash flow per month). I’m also living in an apartment and the lease ends in July. + +Scenario 1) I can go out and buy a $10K Toyota in cash and have $5K as a small emergency fund while I build it back up using the extra cash flow. Sign apt lease for another year while I build up my savings again to put down on a house/duplex later. + +Scenario 2) I can take that $10/15K and put it down on a duplex now and house hack. Build equity and have a home secured for the future. Eventually buy another home and rent out the 2nd part of the duplex I was formerly living in for cash flow and extra equity. + +——————————————— + +Thoughts on each scenario: + +Scenario 1 - I’ll have a paid off reliable car for years to come and increased cash flow to build the e-fund up faster. But the downside is that I continue to rent. + +Scenario 2 - an FHA loan allows me to put $10K down to secure a home (another $5k in savings for maintenance), build equity and create extra cash flow in the process. Downside is I wouldn’t have much for a down payment on a car so I’ll be paying a higher monthly payment and have a car that is not close to being paid off. + +What would you guys do in my circumstance? +I was looking at some houses for sale and came in contact with someone looking to offload multiple properties. They are all at “zestimete” value or less. + +I don’t have the down payment for all of the properties together. Is it possible to get a HELOC, or a loan for zero down? + +All but one property has tenants, and the last is in process of being renovated. + +Am I crazy to be interested in this deal? I believe if I can’t float the payment I have no problem trying to sell or letting a property go into foreclosure. + +Edit: +Currently the owner is giving his renters the opportunity to purchase. So, if I do look to buy the time frame will be down the road. + +As for taking going into foreclosure, unless the market cools, I don’t think that will be an option. + +When I have a chance to move forward with the deal, I’ll get all the information that I see recommendations for. +Given we can't travel or do pretty much anything else, COVID has substantially cut down on our spending. My wife and my (age: 30's) saving rate is now over 70% (it was \~50% to start). We have substantial existing savings already, and luckily have very good job security. So we effectively have a first-world/FAT problem where we have too much money and no good way to spend it. + +But, one of us has a serious immune deficiency, so we can't go anywhere while COVID is rampant (e.g., any travel, restaurants, and public parks are all out of the question). We're going stir-crazy as we enjoy traveling and going out a lot, and now haven't left our place in over 3 months and likely won't be able to for the foreseeable future. + +What are good luxury purchases or experiences you can do from home that don't involve other people coming over (e.g., massages are a no-go)? + +We're renting an apartment as we live in a large city and are likely moving within the next few years (at which point we will then buy property). We already do a lot of work with non-profits, and just donating more wouldn't do the trick as an "experience." We also already cook a ton ourselves. + +Any ideas would be greatly appreciated. +Tesla on tweeter announced a plan to split stock. It is seeking investor approval in the next general meeting. However, no further details was given, no mention on the meeting date, or the split ratio. + +Also today, due to COVID restrictions in China, Tesla gigafactory in Shanghai will be shut for 4 days. It has already shut for 2 days in mid March. Current estimate is the factory could produce just over 2,000 vehicles per day ( output in Dec 2021 was 70,000 for the month). So that is over 12,000 less cars to be shipped in March. + + +If you think a stock split has a bigger impact on the market, then congrats, you are right. Although I'm considering throwing all my financial books down the toilet at this point. +&#x200B; + +[Mitigating Anxiety is Mitigating the Unknown, and Mitigating the Unknown is Mitigating Downside Risk](https://preview.redd.it/p7iethoi3fz71.jpg?width=3907&format=pjpg&auto=webp&s=0576d1b2c223bce6cb25dbb3e47bcdc661b5fe4a) + +Note: Its a long post. Please don't forget to upvote if you like the content. I worked hard on it and I want folks who experience trader anxiety to benefit from my work. Over 5000 words, 15 minute read. + +**Overview:** For those of you who consider yourself seasoned traders, ignore this... although I promise you that you will learn something. For those of you who have anxiety issues I think this will prove to be an invaluable resource. I'm going to put a lot of time into writing this and it is directed at those who have high amounts of anxiety while trading in the markets. + +# Reddit is an Enabler of Trading Anxiety: + +Back in the day I used to post a metric ton of highly detailed DD on Reddit. I posted my research on Reddit for a simple reason ... I wanted feedback ... I wanted to crowdsource my DD. One of the primary issues I continued to run into was few, if any, added any substantive value in the comment section. I would post DD and 2-4 weeks later I would get a flood of comments of folks who never commented on the thread before, but nevertheless tanked me for all the money they made as a result of reading and taking action on a ticker I wrote about. It was then I noticed that people on Reddit are frequently looking for justification to throw money at anything that may bring them a return. As it turned out the information I posted provided that justification. But this was not the reason I posted the research. Once again, I wanted to crowd source DD. + +I stopped posting DD on Reddit altogether. It was a lot of work for too little feedback. I can do a complete deep dive & workup on a company in my head with a pad and pencil within an hour. Putting it all together and posting the information takes considerably more time. I realized that there is a large segment of people who wanted to be told what to invest in with a detailed summary as to why. They generally want to know the risks, they want to know the possible rewards, and they wanted to know when to buy in, average down, and sell. I therefore opted instead to publish a daily newsletter instead of positing on Reddit. + +People on Reddit are buying what they don't understand with information posted by people they ought not to trust. A great deal of DD on Reddit only comes about when some poor fella is bag holding deep and suddenly realizes that he/she wants to share the amazing value with the world under a misguided understanding that they may be able to generate undue interest in the stock. DD on Reddit is bag holders paradise. DD posts on Reddit nearly always means the author is losing money. Remember more recently when SNAP, WISH, or PTON dumped on very poor earnings? Did you happen to notice all the DD that was posted on those tickers days to weeks after? Those were bag holders folks. In part, their anxiety from their losses led them to the desperation of taking to Reddit to pitch trash. + +Reddit is a trash heap of poorly written "DD" and bad advice. For every solid bit of analysis found on reddit there are thousands of poorly written items that are neither "due" nor "diligent." How much "DD" have you seen posted, for example, with absolutely no consideration for the risk factors? If they're missing a risk section can we honestly say they're being "diligent" ... or are they just trying to pump a stock? And there are plenty of new retail traders who have absolutely no clue what they're doing for these fellas to prey on. + +There is a reasons so many new retail traders are taking to Reddit for answers. Reddit has received a lot of attention in the media as a result of the GME/AMC fiasco. So new retail traders see Reddit as a place to look for guidance, but instead of guidance, they end up looking for profit in a sea of bad advice. Many are new to the market, they do not know how to read the financials, they do not know how to assess economic conditions, and they do not know how to read/assess (or even find) 10-K's, 10-Q's, 8-K's, earnings calls, etc... They do not know how to value a company, how to identify entry and exit points, how to assess debt, how to conduct competitive analysis, and some even think technical analysis is all you need. They do not know how to assess trailing PE, forward PE, PB, BVPS, PEG, current ratios, PS, Enterprise Value, GAAP EPS, NON GAAP EPS, operating margin, and the list goes on & on & on. And even if they could somewhat do all of this, they don't have the time. So what's the result? ... Massive amounts of confusion, massive amounts of ignorance, and massive amounts of fear of the unknown. + +# Fear of the Unknown is the Number One Reason for Trader Anxiety: + +The reason that most of you suffer from trading anxiety is a lack of confidence in your picks which leads to a great deal of fear of the unknown. And there is only one way to eliminate the fear of the unknown. ELEMINATE TO THE GREATEST EXTENT POSSIBLE THE UNKNOWN. And if you're are trying to eliminate the unknown through scrolling through insufficient DD posts on Reddit, then your anxiety will likely be amplified when you suddenly find out that most of your trades will fail. + +# Eliminating the Unknown will Eliminate Anxiety: + +Before I retired, I spent 8 years in the Marines as an Infantryman and 13 years in the Army as an intelligence analyst. I've been on the receiving end of information and the production end of information. I've seen the horrible results of bad information, and the absolutely amazing successes in good information. In my experience analysis should overwhelmingly be risk based. Assessing and mitigating risk in my former line of work meant an increased likelihood of mission success, friendly lives saved, and civilian lives saved. The less information you collect and process, the more you simply do not know. Having too many unknowns greatly increases risk and diminishes the chance of mission success. I approach trading in the same fashion. And I know from experience the largest risks come from the unknowns. Learning to identify and spot those unknowns comes largely from experience but you need to begin somewhere. There are 3 types of unknowns. + +* **Known Unknows:** These are the items you know you do not know. The overwhelming amount of your effort when assessing an equity is dedicated to filling in the gaps of those items you know you do not know, but would like to know. And much of it is easy to find, but what if you can't? There are many cases in which you would like to know something but the information is not available. In those cases you look for indicators of the information requirements you need to make your case. Remember, you are both looking for indicators that justify your trade and indicators that do not justify your trade. For example, if you are invested in Ruger, Smith & Wesson, an ammunition manufacturer, or an outdoors sporting goods store, the [F](https://stocktipstips.substack.com/p/a-message-for-stocktips-subscribers)[BI's NICS Firearm Background Checks](https://www.fbi.gov/file-repository/nics_firearm_checks_-_month_year.pdf/view) tracker is a damn find indicator. There are hundreds of government indicators and thousands of open source indicators available. You just need to know where to look. +* **Unknown Knowns:** These are things you know, but either forgot you knew, or failed to apply what you knew to your analysis. Perhaps you have solid information to go on, you just didn't thing to use that particular source. To remedy this you simply need to critically think about what you know and how it applies to your analysis. For example, we all know there are websites that check online traffic patterns. Did you ever think to apply this as an indicator for the online retailor you're invested in? I'm willing to bet no! +* **Unknown Unknowns:** This is perhaps the most dangerous, as it is ALMOST completely derived from ignorance. The more ignorant we are on a certain subject matter the more we run into unknown unknowns. Once you've started on your known knowns, identified your known unknowns (and their indicators), assessed your unknown knowns, you draw your attention to the unknown unknowns. Essentially this is asking "what the hell am I missing and where can I go to find it," or "where can I look to find the things I do not know I'm missing?" + +# Eliminating the Unknown and Mitigating Anxiety: + +Investing first and researching later is no way to go about business and it can greatly increase your anxiety! The more you know about your company and the current and future economic conditions, the less anxiety you will have. (Note: Much of the data referenced below can be found under the statics tab of [any given company on Yahoo Finance](https://finance.yahoo.com/quote/AAPL/key-statistics?p=AAPL). Bottom line is if you know the relative value and prospects of what you own, and the risks thereof, your confidence goes up, and your anxiety drops considerably! + +* **Assessing the Known Knowns:** When you begin your analysis you will always start with assessing what you know. You know, that no matter what company you're looking at, you will generally want the following: + * A forward PE (Price to Earnings) that is lower than the trailing PE, unless you think the market forward PE consensus is wrong. + * A PE that is relatively lower than sector/industry peers unless you are expecting massive growth. + * A BV (Book Value) and BVPS (Book Value Per Share) that is closer to the market cap/share price as possible as compared to industry peers. + * A PS (Price to Sales) ratio of one or less (ideally less than industry/sector peers) of unless, once again, you're expecting massive future growth. + * A PEG (Price to Earnings Growth) ratio of one or less unless you are pricing in massive growth (Few if any tech companies have a PEG ratio less than one). + * An enterprise value that is near, or higher than, market cap. Unless, once again, you are expecting massive growth. Companies that have a enterprise value significantly lower than market cap can be possible buyout opportunities. + * Manageable debt relatively lower than industry peers. (A current ratio above 1 but lower than 5) + * The company can pay their dividend (see payout ratio) + * A solid amount of cash on hand. + * Moderate to high amounts of institutional investment. + * A solid and growing operating cash flow and operating margin. + * Increasing YoY Quarterly Revenue Growth and YoY Quarterly EPS Growth. + * Trading at a value on a pullback of no negative consequence. + * Solid forward guidance + * A history of insider confidence through insider buying + * Solid buy rating analyst coverage and upgrades (Take it with a grain of salt, there are more shitty analysts out there than stars in the sky). + * Share buybacks are always nice + * Did you read the most recent [10-K and 10-Q?](https://www.sec.gov/edgar/searchedgar/companysearch.html) + * Did you read the the Risk Factors on the most recent 10-K and 10-Q? + * Did you read the latest [SEC filings?](https://www.sec.gov/edgar/searchedgar/companysearch.html) + * Did you review the last 4 earnings (Seeking Alpha collects them all to include the earnings transcripts under the news section under any given ticker) + * How many analysts cover the stock, what rating did they give, and has it been recently been [upgraded or downgraded?](https://www.benzinga.com/stock/aapl/ratings) +* **Eliminating Unknowns About the Company:** You can never eliminate all the unknowns about the company. But you can ask yourself the following: + * Is the company at risk for an offering? + * Can future revenues cover additional debt and reinvestment? + * What are the chances the company does not preform as expected? + * How critical will it be for my investment if the company misses EPS projections? Its an important question to ask. Companies underperform EPS all the time amid earnings. More often than not it means the company is still growing, just not at the rate analysts expected. For most profitable companies, missing EPS projections does NOT mean the company isn't profitable. Companies with a positive EPS should typically be better off this quarter on the books than the previous quarter. + * Is the company's goals realistic and obtainable? + * Is the company under or over shooting projected guidance? + * Are analysts under or over shooting guidance? + * Is the space the company competes in overcrowded? + * Is the company losing or gaining market share as compared to competitors? + * Does the company have a competitive advantage or disadvantage? + * Is the leadership competent? +* **Eliminating Unknowns About the Current and Future Economic Conditions:** This can be tough but at minimum you should study current and [upcoming economic datasets](https://tradingeconomics.com/) and ask how a positive or negative change in the various categories affects your company. You will also want to come up with your own short, medium, and long term projection of economic conditions and how they will affect your company. Always pay attention to the [economic calendar](https://www.reddit.com/r/StockMarket/comments/qsubyk/next_weeks_economic_calendar_1115202111222021/)! + * Inflation Rate (Low is good for preventing dramatic shifts in personal spending, high is good for paying off long term debt. Remember if inflation ever gets to a point where people economize on needs and cut back on wants, it can mean bad news for the wants!) + * Semiconductor Shortage + * Worker Shortage (Can they meet demand with the workers they got? If not can they beat previous quarters EPS with the workers they got?) + * Supply Chain Bottlenecks (Check their domestic inventories as a solid indicator of how affected they are by this) + * Rising fuel and Energy Costs + * Rising Shipping Costs + * Government & Regulatory Environment + * Federal Reserve Policy + * Reliance on China and Chinese Economic/Regulatory Environment + * Unemployment Rate and Labor Force Participation Rate (Too high less people are buying, too low and the cost of labor goes up) + * Always Pay Close Attention to the [ECONOMIC CALANDER](https://www.reddit.com/r/StockMarket/comments/qsubyk/next_weeks_economic_calendar_1115202111222021/) and the results reported! + +# Perspective and Expectation Management Also Mitigates Anxiety: + +It's gonna go to the moooooon!!!! No it isn't! Read my part on Big money below to find out why. It's important that you have reasonable expectations. It's important that you have a decent and realistic perspective on the outcome of your trade. Doing this will go leaps and bounds toward mitigating your anxiety. + +* **There is NO Such thing as a Perfect Stock:** If your anxiety is so through the roof that you're forgoing great trades on good companies, cut that shit out! There is no such thing as a perfect stock and you will always need to accept a certain degree of risk! +* **Do not Sweat Minor Misses in EPS:** You're company barely missed analysts EPS or Revenue Expectations? So what!!?? Are they profitable? Are they growing? If they had positive revenue and EPS, chances are they're still growing on the books. Sure their rate of growth may have changed but they're adding money to the balance sheet! It would be one thing if they lowered guidance, but short of that a small EPS miss isn't nothing to frown upon and might put you in the position to buy some more stock for a cheaper price on a really good company! If holding a little longer gives you anxiety then its because you're attempting to get money quick by swinging trades, which is fine, but can add an additional layer of anxiety. I love it when companies miss small but stand by their guidance. The street has a fit as the share price sells off, affording me the chance to enter in. +* **Expect the Unexpected and Have a Plan:** Black Swans happen. Major unexpected economic shifts happen. Your dry bulk carrier will catch fire or lose their cargo in the ocean. Oil companies will have spills. Companies get sued all the time. Adjusted economic numbers come out every day of the week. Your stock WILL NOT trade as everyone expects it to. Get used to this and you will mitigate your anxiety. Buy in slowly and have a plan, and you will mitigate it even more. +* **Analysts are Always Wrong:** Firstly it is important to understand that analyst price targets are where the analyst expects the stock to be in a year or so. Not right now. I see a lot of retail traders complaining about the company share price not being at the analyst price target. Its ridiculous expectation management! And unnecessary anxiety. +* **Understand how Big Money Operates and Expect their Antics!:** When large institutions dealing in millions to billions of dollars decide to buy or sell a stock, they are well aware that they will inevitably move the share price. The volume they create can be massive. To mitigate this they will either sell calls or buy puts when they sell a considerable lot of shares, or buy calls or sell puts when they buy a considerable lot of shares. Therefore it is important to understand that institutions can often make money no matter which way the stock trades. Unlike most retail traders they even have the option to go both long & short on the same security at the same time. They can, & do, often go short to take advantage of the bearish sentiment they inevitably create while selling large blocks of shares while locking in their profit using a combination of options strategies. Always remember that retail does not own the market … big money does. This reality forces us to come to grips with the necessity not to fight them, but to ride their backs. This includes having the discipline & courage of our convictions to hold through the bearish sentiment institutions inevitably create, on perfectly good companies, when some big firm takes profit. Consider retail traders like ourselves the small Remora Fish attached to a large Great White Shark (The Institutions), waiting to ride their backs out of but a temporary rut of no true consequence. +* **Trading Psychology:** Psychology plays a large part of why stocks can continue to trade below street value (The value most traders believe fair). Once a stock sells off due to large institutional profit taking, the street wonders why. Does someone know something we don’t? Was there some economic data that cast bearish sentiment on this particular industry or sector? Does the street expect the company to act in a way that will lower its valuation? Such questions, & many more, aren’t just asked by us. They’re asked by everyone who holds a position in the company we do. And these questions cause anxiety. Even analysts may downgrade a stock for no other reason than to tailor their expectations a year out from now. Indeed they hate to be wrong, & they always are. So do not be surprised not only when a security we thought was already undervalued sells off further than expected, but also stays down as it may take time for traders to feel comfortable entering again. Corrections back to street value can often take a few weeks to a few months. Sometimes until next earnings to relive fears of both retail & large institutions. + +# Processes Mitigate Anxiety: + +Processes mitigate anxiety. The more efficient the process the less time you spend searching for places to put that money that's burning a hole in your pocket. Some traders feel as though they are in a rush to hurry up and strike while the iron is hot and put their money somewhere only to find out that they rushed their trades and realized a loss. Below is my process and a few additional pointers for researching equities and it mitigates A LOT of my personal trader anxiety. + +1. **Assess the Economic Conditions First!:** Assessing the economic conditions first grants you the opportunity to single out those sectors that stand to benefit the most from current and future economic conditions. If you do not know how to do this please see an earlier post I made on this very topic [HERE](https://www.reddit.com/r/investing/comments/qrtkox/understanding_and_profiting_from_our_current/). Also investing in companies that stand to benefit the most from economic conditions gives you an extra layer of confidence to fight anxiety. +2. **Make a Price Based Assessment Watchlist and Set your Alerts:** A Price Based Assessment Watchlist is simply adding companies that you've 1. Assessed the Current or Future Economic Conditions as Favorable. 2. Did a Quick Review of the [Company Financials](https://stocktipstips.substack.com/p/stocktips-investment-research-series). 3. Set your alert at your desired reassessment price. ONLY when that alert hits is when you do the rest of your research and DD. That way you ONLY use your valuable time on the most promising of circumstances. That way you aren't frantically searching and scrolling for plays, but letting the plays come to you, which helps with anxiety! +3. **Buy on a Pullback of Little to No Negative Consequence:** I love a good dump. Perhaps it comes from a bad market day, perhaps it comes from the sector in general doing poorly that day, and perhaps it comes from a whale taking profit. I don't care. If the financials are great, I expect the company to grow, and the economic conditions are favorable, such a pullback will trigger my buy alerts letting me know its time for a starter position. But first I do a quick assessment to see if there is any recent negative news that is driving down the share price. If there is negative news, I ask myself to what degree is the news of legitimate financial substance to the growth prospects of the company. If very little, I'll be happy to buy that dip. Some would argue that they want to jump in on solid relative strength. Yeah ... they're chasing and I don't chase. I like it when its cold, not when its hot. Later, when my thesis becomes true, then it gets hot and I watch everyone else chase. But buying on a pullback of little to no consequence will give you that extra layer of value and security you may have been looking for. You wont be worried if the security is over pumped and about to fall, but rather patiently waiting for it to pump again. I think the latter of the two holds less anxiety. More profitable too! +4. **Keep Track of the News:** If you want to monitor your investments stop looking at the chart and read all the news that comes out on your company. Two good places to do this are seeking alpha (Put the ticker in and click the news tab) and, believe it or not, StockTwits! The bots and the news scroller on StockTwits are money! Ignore the people there, read the news scroller! +5. **Set Price Alerts on Current Positions:** Set price alerts at 5% above or below your starter position price. Its a lot more easy to go about your day that way, and waaay less anxiety when you can be rest assured that at minimum your investment has not pumped or lost 5%. If your stock does dump 5% and you get alerted, perhaps then you might want to check for bad news and average down as necessary. Otherwise leave it be! + +# Anxiety Mitigating Rules to Live by: + +Some added anxiety killing tips! + +* **If you aren't willing to hold the stock long term, stay away from it!:** So you think you're going to swing it real quick and get out so you don't need to put too much effort into the trade? Think again. The technical analysis guru on YouTube may have a pretty technical set up, but he's going to throw your anxiety through the roof. And only IF you're lucky, you MAY make a profit. +* **Quit Checking your Phone, Set Alerts Instead:** Set share price points where you want to be alerted and quit checking your phone. I promise you that your anxiety is really going to increase when you're fired from work because you spend too much time checking your investments and too little time getting anything done. +* **Stay Away from Risky Options Strategies:** So you wanted to get rich quick so you bough a bunch of naked calls or puts? All or nothing baby!! Well there goes your anxiety. The more professional you are with options the less anxiety you'll have. +* **Be a Net Options Seller:** Covered calls while you're waiting for your position to turn over long periods of time is a great idea. Its like getting a free dividend and it lowers your cost basis. I've been selling POWW calls for the last three months and in addition to profiting from the increase in share price, I've cashed in $0.56 in premium per share, a 9% gain on the overall position on options premium alone. At this point I don't care how the stock trades. Talk about low anxiety huh? I'll sell calls till the cows come home and if the shareprice on the last day before expiry is slightly over the strike on the calls I sold, pending I want to hold on to the shares I'll just roll the options to another month for additional premium. Furthermore when I can't get a stock for the price I want I often just sell an in the money cash secured put if the options premium is worth it. Lets say a stock is trading for $6.00 but the $7.50 strike put is trading for $2.70. That means the real price to me if assigned is $4.80 per share. Talk about a steal! I'll sell that contract all day every day! And with practically no anxiety on a solid company! +* **Don't buy in all at once, do NOT chase!:** Don't just throw in a full allocation all at once on a stock. Rather establish a starter position and buy in slowly in the red. This will greatly lower your cost average and increase your profitability. For example, if you established a starter position but now you find yourself down 5%, you can just buy an equally sized position and now you only need the stock to increase 2.5% to recover from your loss. Does this help with your anxiety? You bet it does! Finally, if the stock skyrockets don't chase it. Enjoy the profit and move on. Chasing has been the windowmaker of plenty of traders ... particularly in the penny stock world. +* **Keep 25-50% Cash to the Side:** Sure it limits your profit, but it can also enhance your profit too. Especially amid uncertain times. The market will never react the way you think it will and it is important to keep some cash to the side in the event the market turns sour. And imagine the amount of anxiety you save by knowing in the long run you can not only double down on a good company, but you can profit more as well. Lets say the stock you're in dipped 25% on a market panic. Well if you bought a reliably profitable company you will eventually recover. But if you used that cash to the side to double down you'll only need to wait until the stock rebounds 12.5%. By the time the stock recovers 25% you'll have made 12.5% profit. +* **Margin is for Emergencies:** Margin for small retail traders should strictly be used for emergencies. One such emergency for me was the big COVID dump. Sure I made some decent money shorting DIS but that alone did not make up my losses. I also had some cash to the side. And I bought the dip. Much to my surprise however the market kept dipping. I took out 25% leverage on my marginable positions. Because I had cash to the side and I saved margin only for emergencies, I was able to profit big from the rebound. +* **Stay away from unprofitable companies and Penny Stocks:** This speaks for itself. I have analyzed a the risk on a bunch of penstocks. And unprofitable companies can often disappoint. Indeed the volatility is there, and there is profit to be made amid volatility. However trust me when I tell you that if you are reading this, it means you likely need help in your trading habits, and you should just stay away from penny stocks and unprofitable companies. +* **If You go Short, Consider Buying a Call:** If you're short, you can lose a lot of money if the trade turns against you. But by buying an at the money call when yo go short on 100 shares, you have the same effect of buying a put when you're long. The max you can lose if you're short and you bought an at the money call, is the price of the call and perhaps just a little bit more in some circumstances. The price of a stock can literally go from $10 to $1000, but still, if you bought a call, your losses are capped at the strike of the call plus premium. You wont even need to cover. When the call is assigned it will automatically cover the play for you. And if the price dips low enough to the point you received enough profit to cover the cost of the call and a little more, you can cover the stock and if you so choose to hold on to the call option, it's paid for! Its a free call. You can sell it if you wish, or hold it as a lotto. But either way you're anxiety is reduced because you can only lose so much on your short position! This is why I laugh when people say "shorts are scared." Big money ALWAYS hedges their short position. They cant stand the anxiety of a naked short and neither should you! +* **So You're Down 5%? Who Cares?:** 5% is nothing but a great place to average down. You did your DD, you've assessed the economic conditions, plenty of institutions are satisfied with the stock, what have you got to worry about? Expect this and let it in to your way of life. It's going to happen. Just average down with the money you have to the side and hold. They will continue to make money quarter after quarter which will increase their book value which will eventually get realized by upward price momentum. +* **BUY RELIABLY RPOFITABLE COMPANIES PRIMED FOR GROWTH, TRADING AT A SECTOR RELATIVE VALUE, ON A PULLBACK OF NO NEGATIVE CONSEQUENCE, WITH A DECENT AMOUNT OF INSTITUTIONAL INVESTMENT, UNDER FAVORABLE ECONOMIC CONDITIONS!:** Swing for grand slams and you'll strike out, or ground out nearly every time. Swing for base hits and you'll hit base hits, home runs, and grand slams on a very regular basis! + +# You will NEVER Get Rid of All of your Anxiety: + +Its got to be said! You will never get rid of all of your anxiety. You just put a significant amount of cash you worked hard for into shares of a company subject to both positive and negative market forces. There will always be unknowns. Therefore, there will always be anxiety. + +**TL;DR:** First, I HIGHLY suggest you read this if you feel that you are the target audience. The thesis above speaks to the fact that anxiety in trading largely comes from the unknown, & the more you mitigate the unknown the less anxiety you will experience. Above there are plenty of steps you can do to mitigate the unknown, thereby developing your confidence, and become a more profitable trader. I also argue that you can mitigate a large portion of your anxiety simply by understanding what you're buying in an equity, understand the markets, understanding trading techniques, developing a sense of perspective, and buying "*reliably profitable companies, primed for growth, trading a sector relative value, on pullback of little to no negative consequence, with a decent amount of institutional investment, under favorable economic conditions.*" This post is for people serious about mitigating their anxiety and learning how to trade in a manner that will benefit both their mental health and their wallets. In summary, if traders respect their own money and do what they're supposed to do, it will go a long way to mitigating anxiety. +&#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) +So Fox Business pissed off popcorn apes with a blatantly false headline & quickly corrected it. Anyone else out there thinking that headline wasn't wrong, just too soon? + +I think they fucked up and that headline was planned to come out later. Its no secret belief that popcorn is likely a distraction & used to delay [MOASS](https://twitter.com/hashtag/MOASS?src=hashtag_click). It would not be surprising that once all popcorn insiders are rid of the shares they keep offloading, that they go private and leave shareholders fucked over. Fox just said the quite part out loud, or too soon. + +Its not the first time articles have been posted knowing the future before it happens (manipulation). They just don't usually give this much notice. + +https://preview.redd.it/y6zntcqcpjb81.png?width=529&format=png&auto=webp&s=cc63d90e9830030887b89786fe9d5cf7b942eee4 + +Edit: I'm seeing a few comments about how this is related to Gamestop. First off, we are in several of the same ETFs, so what happens to them effects our share price too. Secondly and most importantly, MSM is a common enemy and knowing what tricks and 'errors' they are using against another stock prepare us to know what's likely coming our way. Know thine enemy. +Hi - + +So I'm 22 and my brother is 19, I'm on 26k a year whereas he's on 21k. We both have 10k in LISAs each and I have a further 7.5k in a S&S ISA that I'm contributing to monthly. Rest of our money is in current accounts. + +We both like the idea of buying a house together as we are both renting at the moment and could also have a friend or two as paying lodgers that will help with the mortgage. Is this a good idea? If we went ahead with this is it worth putting all of our inheritance down as a deposit? + +On the other hand, is it better to use a lot of the money to max out my S&S ISA for a few years? + +Thanks. +This algorithm was tested on euro/usd 1 minute chart, 1:1 risk/reward and pyramiding set to 10, and at a sensitivity over 2. + +I used a $1/100,000 commission rate. + +(10x leverage was used) + +The code is a simple Least squares regression moving average cross with a confirmation based on the two slopes. + +let me know what you guys think. + +Code: [https://pastebin.pl/view/8698848d](https://pastebin.pl/view/8698848d) + +&#x200B; + +[68&#37; profitable, 60tp,60sl,10x pyramiding, 1\/100000 commission](https://preview.redd.it/c3ruhjy0kl991.png?width=1366&format=png&auto=webp&s=e3047adab91bc6247693dbd7aac64871bc3826a7) +What man actually needs is not a tensionless state but rather the striving and struggling for some goal worthy of him. What he needs is not the discharge of tension at any cost, but the call of a potential meaning waiting to be fulfilled by him. -Victor Frankl + +And that’s my struggle. In 78 days, I can hang it up. But I have 35 dedicated, caring, committed employees that depend on me to lead, support them and help them with their careers and ultimately, support their families. I suppose someone else can do it, but would I lose my search for meaning? +> In February, Rivian raised $700 million in a funding round led by [Amazon](https://www.cnbc.com/quotes/?symbol=AMZN), following rumors that GM would also invest. + +And + +> [Ford](https://www.cnbc.com/quotes/?symbol=F) said Wednesday it has invested $500 million in electric truck maker Rivian to build a new battery-powered electric vehicle for the Detroit manufacturer. + +[https://www.cnbc.com/2019/04/24/ford-to-invest-500-million-in-electric-truck-maker-rivian.html](https://www.cnbc.com/2019/04/24/ford-to-invest-500-million-in-electric-truck-maker-rivian.html) +Let’s address some of the misconceptions around the MBS. The money Medicare pays when a doctor bills for services rendered to you is YOUR rebate, not the doctor’s. + +What doctors have done over the years is either: claim the rebate amount directly with no out of pocket fee to you (bulk-billing), or bill you the full amount and have the rebate automatically reimbursed to your bank account, leaving you out of pocket for the gap. + +A lot of people seem to think that they’re entitled to free healthcare, but that isn’t the case. Bulk billing in General Practice was introduced by Geoffrey Edelsten in the 1980s, when he built clinics that were the precursor to the modern corporate practices we see today. + +In the old days, you used to receive your bill from the doctor and pay upfront. Then you would have to go to the Medicare office to claim your rebate. Doctors have taken on this burden of administration (by investing in accounting systems, receptionists, record keeping, etc), thereby relieving both you and Medicare of the time and inconvenience and cost involved in claiming a rebate. + +Sadly, bulk-billing is in its death-throes. It would be prudent for every Australian household to make a place in the budget for the cost of GP visits. The safety net we all had in the 80s and 90s is falling away. It would be wise to start paying attention to your health, as staying healthy over the years will save you a lot down the track. + +A lot of the item numbers in the MBS are designed to incentivise preventive healthcare. So when a doctor identifies that you have risk factors for chronic disease (such as increased blood pressure, elevated cholesterol, family history of disease) and books you in for a health assessment, that’s not ‘stacking’ to claim item numbers, that’s good prevention, because simple awareness and lifestyle modifications and a bit of monitoring carried out in your 40s can save you from landing in hospital in your 50s and 60s (thereby also saving the system tens, if not hundreds of thousands of dollars). That’s what a GP is SUPPOSED to do. + +Of course there are bad actors, rorters; people who are greedy and abuse this system. Nobody is denying this. But there is already a system in place to deal with this kind of behaviour. It is called the Professional Services Review, or PSR. They analyse billing data in great detail and harshly penalise healthcare practitioners (not just medical) who are found to have dodgy claiming activity. The thought of being hauled before the PSR makes any GP’s blood run cold. The PSR has extraordinary powers and can order doctors and other health professionals to pay back amounts in the hundreds of thousands, if not millions. They are, in effect, the ‘police’ of this system, just as any system with rules and laws needs to have its enforcers. The government created the system, and the government has created the body that polices it. GPs are already under a shit-ton of regulation and enforcement, with the PSR, AHPRA, the HCCC, and the risk of litigation hanging over their necks like a guillotine. + +So when you log into MyGOV and review all the item numbers that have been claimed on my behalf, instead of asking “is my doctor rorting the system,” you might also want to ask, “is my doctor getting most value for me out of what I am entitled?” + +If you have a chronic disease, have you had your health assessments; have you been offered referrals for subsidised visits to allied health services such as a dietitian, podiatrist, physiotherapist, occupational therapist etc under a GP Management Plan? + +If you are struggling with depression or anxiety or other mental health issues, have you been offered a Mental Health Care Plan, so you can access subsidised treatment with a psychologist? + +If you have risk factors for chronic disease, or a family history of chronic disease, have you had a comprehensive health assessment, to identify which risk factors can be modified and possibly prevent you from developing serious disease? + +If you have to take a lot of medications and are struggling with the complexity of it all, have you had a Home Medicines Review? + +If you have an elderly relative who is struggling with health issues or mobility, have they accessed their health assessment for people aged 75 years and older? + +People who are saying that Medicare is on its last legs; who are pointing the finger at rorters… they don’t seem to acknowledge the role of the PSR or the fact that good preventive care at the primary care level can save hospital budgets from blowing out. I see lots of criticism out there... but very few proposing actual solutions, especially for how to tackle the increasing health burden of our ageing population. + +Does anyone consider that perhaps the deterioration we see in the state of our hospitals is partly due to how hard it is to get into a GP these days? +Question about this. Hopefully you all can help me understand the rationale for doing this, or scenarios where this is the strategy to be employed. I know the question is general. If I sell puts, they are usually out of the money or at the money, where I am trying to hunt premiums, or I’m trying to acquire an equity on sale. + +But I don’t understand the rationale of selling ITM puts, unless you are very bullish on something and want the bigger premium, but at point, it becomes essentially a covered call. If my understanding is correct (maybe it isn’t) you need a larger amount of buying power ITM versus out of the money… + +A real life example that a colleague was telling me about. Facebook dropped a lot on Thursday, he owned 100 shares. He sold the 100 shares at 237. Apparently he purchased them at 225. So took a little profit. He then sold a six month expiry put at 265 for $44 premium. + +So if you do the math, if the selling price comes down to 220 you are essentially cost neutral… + +BUT if you sold an OTM put with same DTE, at a strike of 220, the premium is $20, and the price comes up 220, you are still cash positive. And in doing so, only tie up some of your assets as collateral versus the entire amount when it is ITM. + +So clearly if you are bearish and want a better price, this doesn’t make sense, and if you are extremely bullish, then I guess it makes sense, but at point why not just hold the stock write a covered call, especially if there is a dividend involved. + +Also, and this may be a rookie question, if you sell an ITM put, can’t you get exercised early? + +Thanks everyone +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your 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) +**If you were turning your company around, you'd be pushing that everywhere. Any other company would be promoting the hell out if it. PR campaigns. Advertising. You name it.** + +*I appreciate this sub does a great job of promoting them already but that's not the point.* + +&#x200B; + +**I believe GameStop are fearful of sparking a mass buy in and ultimately getting sued. Any news has to be airtight and justified. I take this as hedgies r fuk.** + +&#x200B; + +# They're patiently waiting to execute their plan. + +# Be patient with them. + +&#x200B; + +Buy. HODL. Wait. + +# +There are a lot of newbies entering the space. There are many reasons this is great news, but I've also noticed that the quality of posts and discussion about bitcoin has plummeted. We really aren't having the important discussions with nearly the frequency that we should. + +Now I know some of you won't like me saying this, but it really does need to be said. Someone needs to be realistic with our new friends and give them the bad news and tell them the things they don't want to hear. So here goes. + +I feel that we're due for a correction, and I really don't think we've even gotten started. I've been around this rodeo a few times and it always -feels- different in the moment, but in reality it's mostly cyclical. In 2017/2018 we saw a months long sell off after the run up to 20k that saw Bitcoin fall to 4k. That's more than 75% in the red from the preceeding ATH. Refer to this figure later. + +I think we're going to see a few -15%'s, maybe even a -20% or -30% before we're really back in bear territory. When it comes I expect the new crowd to go through the same things I and many others went through when we were the new kids. + +Weak hands will get shaken out. People getting way over leveraged/exposed and taking out credit to buy BTC are going to be burned hard and maybe leave the space forever. Some will risk it all and put their house on the line, and nearly all of those will lose their home. People will buy into BTC expecting their investments to double overnight, everynight. + +This shit happens every time. The vets come in to tell the new guys not to panic, or not get into serious debt chasing the bull run, and we get ignored. People will tell us we're trying to short, or how we might be causing this guy to miss out on SICK GAINZ by telling him not to take a second mortgage out to buy BTC. In reality, most of us really do care about the space, and want to see it grow. It hurt me every time I read about someone blowing years of their life away trying to chase the dragon at the end of the bull run. It hurts me more now to see it happening again, and the same arguments getting thrown about as justification for being reckless with their finances. + +Refer back to that -75% figure I dropped before. Would you rather that be the value of your house? Or would you rather it be the money you saved over time to buy ₿ responsibly? I made my own mistakes too, thankfully not with my house or something else vital to me, but mistakes nonetheless that put me in severe debt when I tried to chase BTC back in 2013. I only just now climbed out of that hole. (I literally made the last payment before posting this) + +Bottom line is that BTC unfortunately attracts the get rich quick types, and when shit hits the fan they are NOT happy. They will panic sell to stop the bleeding. If you gamble your life savings on Bitcoin while it's at ATH because of FOMO, it's going to really hurt. + +The harsh truth of it is, if bitcoin is going gangbusters and you don't already own your position, you're too late for the bull run. Your best bet is to accumulate over time, so that in four years when we're looking at this situation again you can be the guy making five figures in his sleep, and making posts like these telling the new guys to have a longer term view. + +I dunno, I just don't want to see people FOMO themselves into crippling debt like I did, and have heard so many horror stories about. It's the beginning of a very wild ride over the next couple of months. + +EDIT: With this getting a lot more attention than I thought it would, I'd like to just say thank you to everyone for even giving this the time of day. I was initially replying to another comment on a different thread and the whole thing got a little long winded, leading me to just post this here instead. + +I just wanted to clarify a few things that I feel got left out or that I missed the mark on: + +1. I am very bullish. I do not believe we're crashing imminently, but rather wanted to caution those getting sweaty palms of what could happen should they get too emotional and overextend while we're in uncharted territory. + +2. I don't think we're going to follow a picture prefect pattern of the previous bull runs. The price is entirely unpredictable, and if one could tell you with any certainty what the price or market sentiment would be at any given time they would have to be a time traveler. + +3. It is never too late to get into BTC. But you should temper your expectations when you're a late entry to the cycle. The 10x gains come later when you've held through a full cycle. +I'm thinking about trying daytrading and I brainstormed a couple of rules to follow + +* Mentality - Do not place a trade if you are anxious; only open and close trades with equanimity +* Timing for entry and exit - Base this on technicals. Only trade along the line of least resistance and exit when the position moves against you by 10%. +* Position sizing - determined by the type of position (stocks or options) and my risk tolerance. Never risk more than 1% on any options trade and 5% on any stock trade +* Trading frequency - Increase the frequency of trading while things are going well. If it isn't, reduce the frequency. +* Accountability - Be honest with myself when things aren't going well +Inversely why do you dislike them? There’s a million pro/con review websites but filtering the noise can be difficult. I’m fairly new to all of this and trying to learn. + +I’m currently using Robinhood and it seems to get a lot of hate. So far my in my experience the pros/cons are kind of one and the same - it’s very basic. It makes buying a stock very simple and the app is easy to navigate. The downside is there is not much else there to evaluate what you are considering buying, pretty much any research/analysis will have to be found elsewhere. +Hi all, +Im looking to create a system them keeps income and some growth for a few generations. (2, then it gets foggy) +I have received $250k plus I’ll have about $600k equity in my home if I were to sell. +My kids go to college in 5-8 years. +I was thinking a 50/50 split in JEPI/JEPQ with 50% drip and 50% passive income. +What are your takes on this. I am not from wealth and my parents and I have worked quite hard to get here. I’m looking to make life easier on at least the next two generations of me! +I'd like to move away from my country (already in Eu) but I don't have a clear idea. First off I only speak english (besides my native language) so that certainly narrows down the options. A second factor is that I'm studying finance and would like to land a job in the field. A logical conclusion would be England but it's not in the Eu anymore sadly, and moving there seems like a nightmare regarding documents, permits and so on (Right?). Scandinavian countries seem great in everything but the culture there is the polar opposite of mine and the cuisine sincerely frightens me, but I could adapt I guess...Netherlands seems a good medium and when I've been to Amsterdam and Rotterdam it looked extremely intercultural (I know it's not a good sample but at least I've seen it) but I have no idea if the financial world is flourishing there or if you could survive with English only. So... any advice? +Newbie question. I have inherited a multi unit property in good condition with little to no repairs needed. I’ve wanted to grow an investment portfolio of rental properties for a while and potentially using this property’s equity to work towards that. My ultimate goal is to grow my cash flow to the point I can quit my day job. Would it be a good idea to take out a loan against the apt complex in order to free up some cash to buy other rental properties? +I started a new job. As part of it I need to call people semi-regularly and when COVID is gone down again I'll be travelling so using data for things like tethering, navigation etc. + +My contract stipulates they do not provide a phone and usage is done on employees own expense. Obviously I already have a phone with a SIM only contract but I'd much rather prefer not using my personal phone for work purposes. Don't want late night calls or customers calling me on holiday! + +If I was to buy a cheap PAYG phone with a PAYG sim or a cheap phone on contract. Can I in some way reclaim these costs as work expenses? + +I'm just a regular employee so everything goes by PAYE so I imagine I'd need to fill out a self assessment and there would be some limit so I can't expense something silly like an iPhone 12 (and the benefit would only be 20% tax, right?) +Newbie here, would like to invest in Index Funds &amp; ETFs on Zerodha. Any guidance on where to look for these index funds and their performance over the last 1y, 5y, 10y and so on..?? Thanks in Advance !! +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! + +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'm currently making a list with companies I would want to own at certain prices. I thought it would be good to start out with companies that are great, and then figure out what a fair price for them would be. + +So what are your favorite companies in the world that you would absolutely want to own if price didn't matter? Thanks! +Hi, + +I'm looking to hear some ideas and to expose myself to as many bargains as possible with the recent dips. + +Any bargains that you are personnally looking to add or that you are adding that are under 2 billion market cap? + +I generally feel the biggest arbitrage opportunities are found in the lower market caps. + +For myself - I'm adding Zumiez - lots of money on their balance sheet, growth year over year, no debts and huge cashflow and 52 week low. At the current valuation, I personnally feel it's a safe bet. + +Looking to hear you guys and if we can help each others finding securities that we like.. why not. + +Cheers + I opened up a Lloyd's account to be able to get the free movie tickets + one of their regular monthly savers @2.5%. They charge you 3£ a month if you don't deposit 1500£ monthly. On the day I opened my account I deposited 10£ first as a test then deposited 1500£ more + +Given I'd met my minimum requirement I decided to withdraw on the same day. When I made the order to transfer on the app the transaction was flagged as suspicious and stopped. I was asked to go to the bank with photo ID and my account was completely locked. + +When I went to the branch the person at the desk made me speak to someone on the phone who got me to agree that I was aware this wasn't a fraud etc. Basically like a laundry list of things which I had to say yes to on the phone being recorded. + +Then the bank teller was quite angry when I told her this wasn't my primary account and I was going to do this every month and was using the account for movie tickets and maybe the monthly savers. She says this isn't the way to use the account and why I applied for this account and how did you get approved etc. + +Can they legally stop me or make it difficult for me to use the account given I've told them what my intentions are? +Hey guys, hoping someone here can make me make sense of what's been a disappointing shift between jobs. Essentially, having moved to a new company I've moved from a role with a $55k gross salary to one with a $66k gross salary, but upon looking at my first full payslip, my take-home pay has actually gone down by over $200. Even though I'm now paying off my FEE-Help debt at a rate of $300/month, I'm not sure how getting an $11k increase could only equate to a gross $100 payrise per month, given that I haven't jumped a tax bracket. + +Is my new employer paying too much tax, or did my old employer perhaps not pay enough? Both are significantly big companies, so I'd assume they're both doing everything very much by the book. I've used a couple of tax calculators to try and work out what's going on, and according to the ATO calculator the amount of tax being withheld on my new payslip is correct. Seek's, however, seems to think I should be getting paid much more, even after my HELP debt is deducted + +I've attached an image of [my last payslip with my old role](https://imgur.com/HLD0XtU), and [my first payslip at my new role](https://imgur.com/a/Y0cSAdC). + +Thanks! +Just keep in mind this is not the same sub as r/personalfinance. A lot of us came here because it's alienating to be in r/pf. + +We're trying, but keep in mind not to get condescending or judgemental with us. A lot of people are great here, but I've also seen people advised not to start an emergency fund until credit cards are all paid off and get condescending about savings. When I click on post histories and see you're a regular of r/pf and post about how much $$$$$ you have, I see where the disconnect is. + +Before you post about how great credit unions are, for example, keep in mind most credit unions use Chexsystems and a large amount of people in poverty are barred from access to banks and credit unions alike, which is why Chime, Simple, and prepaid cards are a big industry. + +We're glad you're here, but keep in mind that people in here may not be at the stage you're at. Most of us can't even imagine buying a house yet-I'd wager a lot of us are just thankfully counting the years we haven't been homeless again. + + +Since January I, and all of you, have witnessed history. We have seen the greatest uncovering of financial and institutional fraud ever found. There has never been this much fraud in any system since the beginning of all recorded history, since the start of time. Think about that for a minute. The smartest minds have come together to figure out the biggest amount of criminal and fraudulent activity on a global scale. For once retail investors have overcome Wall Street and we will win. There is no way out for the hedge funds, the banks, or the SEC. The only end to this situation is for a payout of millions of dollars per GME share, there seriously is no floor since we apes own the entirety of the float, and we decide how much the cost is per share. + +So prepare for the end game. Prepare for the fuckery that will be going on. Prepare for the FUD. Prepare for the shills. The media will try and convince you to sell, paper hand, and for you to convince others to do so. DO NOT SELL NO MATTER WHAT! Buy and HODL! Even if Reddit goes down during the squeeze, go to the Gangnam Style YouTube video, or just go to the Superstonk moderator Twitter accounts for more info. + +Today GameStop raised over one billion in capital. Tomorrow 002 is going live and will stop Citadel’s bullshit charade once and for all. Thursday is another T+21 launchpad date. Friday GME will be added into the Russel 1000. The amount of bullishness, buying, technicals, and order flow that is going into GME right now is making it a powder keg that’s about to explode. This is the apex of what’s been coming since 2008, it truly never ended. And I’m not saying that the squeeze is gonna happen tomorrow or the next week, but it will happen very, very soon. Get ready for the biggest times of financial history. + +And you know what? Maybe we should fucking dance. Our generation and the generations that have come before us have been getting fucked by the super wealthy and ridiculous politicians forever. It’s our time to shine, to have some fun, TO FUCKING DANCE! And to those who say that peoples retirement accounts and savings will be completely destroyed, I don’t think that’s completely true. I still have some faith in the system. I don’t think everyone’s savings and retirement accounts will be turned into nothing. We wouldn’t be fighting for massive amounts of money if we thought the economy would completely fail. There is justice, just not for the rich. GME is just allowing us to take advantage of the situation that is currently plaguing the economy and stock market. + +#The Endgame Is Here. The Economy is on the verge of collapsing. The biggest wealth transfer from the rich to the poor is about to happen. Get ready for the once in an eternity short squeeze. Be fucking relentless. Be fucking greedy. Do not sell no matter what. Apes Together Strong. Get fucking hyped. GUH! + +#Diamond Fucking Hands are engaged.💎🤲 + +🚀🚀🚀🚀🌕💸💸💸💸🐵 + +*This is not financial advice.* + + +I shared a piece of my story a few days ago and despite it receiving a large number of positive votes and comments, the powers deemed it inappropriate. So allow me to try again and this time I will be much more direct in my thoughts. + +Several years ago, just as the ‘08/’09 crisis was irrupting I greatly expanded my business as a final push towards my own FIRE goals even though I had never heard of the FIRE movement. The brass ring was inches from my fingers when my industry was utterly destroyed upon the shoals of that disaster. Even though I didn’t fulfill my goals, I got close enough to enjoy some of the fruits of my labors and I stopped working 80 hours a week. My life’s story has been one of never quite making it, but being happy with the outcome nevertheless. + +Now for the rest of the story… + +Quite a few years ago I knew the scale had tipped. My yesterdays outnumbered my tomorrows. You can look at actuary tables, family histories and still you only have a guess at best. On May 27th I found out how far my guess was from reality. I knew something was wrong with my heart and asked my wife to drive me to the ER. Attempts at installing stints failed and I was scheduled for immediate open heart surgery. My surgeon explained to me that with disease this progressed you usually never find out about … but your family will. I survived and am on the mend but I am facing a very long and difficult road which is unlikely to lead back to my old work life. (Thank God for small favors!) + +The Stoics talk about living life as if you are about to die, which is what I used to think I did. That is until I faced the very real possibility of not surviving the surgery (which I almost didn’t). I am unsure as to what changes, large and small, I will make in my life and perspective. I am not making any even slightly major decisions for at least another 3 months. + +My thoughts for this group is simply to take my experience as a cautionary tale. My life nearly ended shortly after my 58th birthday. I almost became one of those “it is a shame he died so young.” You do not know the extent of your tomorrows, but you do have today. Cherish your loved ones, call your parents today, hug your spouse, and be a friend to someone who needs it. These are far more important than anything else because tomorrow you may not have. + +Pursue FIRE, for it is a worthy objective, but never forget to keep things in balance and be sure to have lived today. +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! + +Is now the wrong time to be spending a majority of savings? + +Hey all, + +I’m 20 years old and work in the mining sector. I’ve always been a good saver even on minimum wage but now I’m making more I seem to be doing okay. + +I am in desperate need of a new (to me) car and I’ve found the perfect suitable second hand candidate for $42,000. I have the funds to buy this car outright without a loan leaving me with about $5-6000 after the purchase. My question is, is right now the wrong time to be spending majority of savings with the way the covid situation that’s going on? Should I be waiting a few months? + +Thanks for anyone who reads and answers. I’m located in Australia too if that’s of any help/difference. +With most of us being more than a month into lockdown, I was wondering what quarantine realizations you made that you'll take with you after the virus passes. Here are my top 3: + +* You can't buy health. Covid19 happens to disproportionately affect people with some preexisting conditions. Although there are some preexisting conditions you can't prevent, the pandemic gave me perspective on making sure I take my health seriously and prevent any preventable disease in my power. + +* It's important to have a comfortable living environment. In an uncertain time, it's nice to be able to control your home so you can be the most comfortable. My SO and I rearranged a lot of stuff to make sure our home was organized the way we wanted and our home offices were set up. It would be nice if we had an extra room or a yard. Maybe that's something to keep in mind for the next place. + +* Outsourcing home labor can be a luxury, but it could be a liability if everything changes. I hadn't gotten used to a cleaner, childcare, cooks, trainers, etc, but I could see how this would have been a tough transition for those who relied on these people to help them through life. If I hire these people in the future, I think I won't take them for granted as something that will always be there and plan for my lifestyle inflation doesn't get too big that I wouldn't be able to function if they were taken away. + +What are yours? +So help me understand this. My mortgage is at 5% interest, CDs only pay 3% interest . Am I better off paying down my mortgage (interest is a write off anyway) or investing? Currently considering ibonds (9.62% interest). Any ideas on how to grow my money over the next few years? +Good day Everyone, + +I recently came to know that my father (who left intestate) held some shares in a company (prefer not to disclose) whose current value is in several lakhs. The physical share certificate cannot be traced anymore. The only data available with me is the folio number. Using this I checked on the company's website that it does list my father as the owner and that the shares have been transferred to IEPF as no dividend was claimed for 7+ years. + +I did research about the recovery process and I am not even sure how to get started with obtaining the [list of documents required](https://www.indiainfoline.com/article/news-sector-others/lost-share-certificate-steps-you-should-take-for-issue-of-duplicate-certificates-113111500068_1.html). Should I seek professional help? If yes, from whom? +Should I ramp up how much I'm contributing? Seems like an easy thing a layman like me can do. Should people adjust their contribution percentage based on how the market is performing at this or that time? If, in the end, the value always goes up, does it not make obvious sense to go hard right now? +I’m looking to sell my first CSP tomorrow on CRSR but was also considering selling CCs on some shares that I own for extra income opportunity (which would consider of me opening multiple positions). I work a 12-13 hour shift desk job that takes a lot of focus during the day. Do you ever feel like it’s overwhelming to manage and monitor multiple positions when you work day job? Am I better off starting with one position and seeing how I manage? +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'm a chartered wealth manager in the UK and work for a large consultancy firm. I specialise in finance and investing in all areas of wealth management. + +I'm considering starting a YouTube channel to lay out the benefits of investing (for people in every wealth bracket) and go through the terminology, key points and any misconceptions about the financial world. + +The reason for this post is I'm checking whether there would be any interest in this? There are some decent channels that already do this, however they are far more US and Canada centric and therefore don't always apply well to people in the UK. + +If there is any interest, I'd be very keen to hear what in particular you would be interested in hearing more about, and any other ideas you may have for the content. + +Thanks 😁 +Hello all, + +&#x200B; + +I've been following this group for several months now. Based on the posts, I'm curious of a couple things: + +&#x200B; + +1. How many people here actually trade with automated systems? Meaning, traders using real money. There is a ton of posts about backtesting and paper trading accounts, but not many about live applications. +2. I've been trading full time for a couple years now. I'm in a few trading groups/communities. In these groups, my fellow traders are using traditional methods: crawling through tickers with their ideal setups in a very manual process. A good portion of these guys (and gals) have been trading this way for decades. Using these methods, they do just fine. My trades are still a very manual process as well. I have written scanners and other things, but they really don't provide value to me. Because of liquidity, everyone is looking at the same set of couple hundred tickers (stocks, futures, etc). I've found that my scanners would catch setups around the same time someone from the group would catch it. And usually, entries/exits would be better outside the scanner. Has using automated tools really enhanced your trading? If so, in what manner? I've been dabbling in automated tools for years, but nothing seems to be worth the code base upkeep (market environments change, APIs change, etc). +3. Has anyone heard of Jeff Augen? If so, what do you think of viewpoint to algos and the market? I think his viewpoints on the market are very interesting. Just wondering what others think. + +&#x200B; + +A little about me: intraday trades account for 90% of my trading. 10% are swing and longer term trades. + +&#x200B; + +Looking forward to everyone's thoughts. +I'm 26 years old and in great health, but let's say I die in a car crash - what do I need to do to ensure my savings and assets go to a preferred beneficiary? I have a decent chunk in savings that I would like to go to select family members if something were to happen to me. Any advice? +At exactly 11.50am, there was a massive transaction of roughly 93 million units of spy traded. To put it into perspective, 5 day average is 88 million. + +&#x200B; + +What do you think happened? + +Liquidations? + +options? + +New NSCC rule playing out? + +Personally, I believe it was a transfer of assets to the NSCC/DTC to regain collateral. Some one blew up Archegos style and this time it was someone who is a member of DTCC. + +We will see some news about it in a few days, but I really want to know what you think. + +&#x200B; + +Cheers +Hi Personal finance, + +I'm hoping I'm posting this in the right place, if not please feel free to direct me to the right place. + +I checked my bank acct today, and saw my bank took $900 out of my checking account. I called them, after being transferred about 10 times, they finally told me the people I need to talk to only work on the weekdays. I have $300 left in checkings, and nothing in my savings. I just moved into a new apartment, and my rent is due today. It isn't an auto-pay for my rent, because that is only $500/month. There is NOTHING that I could have spent $900 on in the last 24 hours. Has anyone had this issue before? Does anyone have any advice on what I should do? + +Thank you!! + + +EDIT: I meant weekdays, not weekends. I'm sorry for the confusion! I was typing in a rush. + + +UPDATE: they said it was a bad check from my work.... I've worked there well over a year & have never once had any issues with my checks. I took it to my HR department yesterday & they told me they would get back to me today about why the check was bad. +So I spent a few lakhs on home Civil work. The contractor had initially promised a bill but then just gave me something with company letterhead and no GST no. All money was transferred electronically. He asked extra 18% at the end for GST no. I realized I was a victim of bait and switch. I have not paid for the extra GST amount, but have I done something illegal especially if money can be traced ? +Listening to the eth core dev meeting had me seething on this part. + +I'm not blindly opposed to EIP 999 but the insistence from Parity on fast tracking this thing is insane. + +WHY are you even discussing if it's worth to have 2 chains over the hard fork to implement a recovery proposal??? + +It's not! + +There is no critical systemic risk to the network here, it's NOT like the DAO and even that much less controversial hard fork had some serious implications. + +Funny thing is i DID participate in the Polkadot ICO and i would love to see my money help development/grants but certainly not if it leads to a contentious hard fork. + +And thanks to Peter for pointing out a coin vote isn't necessarily fair because of the massive amount of coins in Parity's possession.not a level playing field. + +It's a bailout pure and simple. + +I'm STILL not convinced this would have been treated the same if it was another company in the space that had lost the funds. + +\-\- + + ~~i posted this same thing on~~ r/ethereum ~~25 mins ago and it was removed,i want to believe i inadvertently triggered a badword and it was deleted by automod and not by a mod with an agenda:~~ + +proof: + +[https://i.imgur.com/wtQZXAn.jpg](https://i.imgur.com/wtQZXAn.jpg) + +[https://www.reddit.com/r/ethereum/comments/8dogdz/eip\_999\_is\_controversial/](https://www.reddit.com/r/ethereum/comments/8dogdz/eip_999_is_controversial/) + +EDIT:baseless speculation/insinuation, turns out it was automodded after all and it was not maliciously removed,thanks to u/nickjohnson for manually approving it. +A few days go, i created a post about a script/tool/program i was using to open new csp positions. I received positive response for the tool. +I have uploaded the code on github and the binaries are available to download from github as well. +here is the link to code [https://github.com/sreeshas/thetagang](https://github.com/sreeshas/thetagang) +here is the link to binaries. [https://github.com/sreeshas/thetagang/releases/tag/v0.1.3](https://github.com/sreeshas/thetagang/releases/tag/v0.1.3) + + +\`\`\` +I wrote a (script/tool/program) and thought others might find it useful as well. +It basically accepts buying power/capital and list of (ticker,strike) as input and outputs how roi compares between different tickers at different expiry dates. +heres the link to small section of output for BP of 340k USD +[https://imgur.com/a/pDbZ23S](https://imgur.com/a/pDbZ23S) + +\`\`\` +Hi, I need to know if I'm crazy or just anything right now. I feel trapped and don't know what to do. I'm 20, and pregnant with my first kid. My bf, 19 and I have been living together for a year now. We've been renting a bedroom so far while looking for an apartment. We live in central/northern? california lol for reference a 1 bedroom goes for 1000 here and minimum wage is 14$ an hour. Well anyway hes excited about the baby and so am I. We finally applied to an apartment and they turned us down. This is the first we actually applied to. Then we got news that we have to leave before the 1st of February. Right now he is in panic mode and his mom keeps wanting to send him to Las Vegas because of the "better opportunities" and cheaper living. The reason I apposed this is because I think its crazy leaving my job and him aswell to try and see if things workout there. I'm already 2 1/2 months pregnant. I dont think we need to be taking risks. Also neither of us know what we're doing. I think staying near family is better for raising a kid we have no idea how were raising. Not only that but staying here my family would help with furniture and taking care of the baby but if we leave we dont have support from anyone. Hes so set on it that if I choose not to go he is going without me. His mom won't let it go either. He also wants to live in different households while we find out what we're doing because he's not comfortable staying with either of my parents and his mom doesn't want me at her apartment. Any advice? ANYTHING? Am I crazy here? Also feel free to ask any questions. +Edit: It feels like my bf talks more about all of this with his mom then with me. This is our design to make, our baby, our lives that are being effected and instead of talking. He keeps calling his mom and speaking to her for hours. I can barely get 30 minutes on this topic. In fact we were talking and then he went to call his mom for backup and thats when our conversation ended. +EDIT2: So I spoke about everything with my bf, decided to order food and have a small date and talk about things calmly, nothings decided but hes not going to give up on staying but if all else fails hes still going to go. He'll try it out for a month or 2. Before then hes going to go back and forth from his moms house and mine. Doesnt feel to comfortable around my family but my family is able to help out more with transportation since his is usually working around the times he needs help. This will be until he gets his license and we have a van my mom gave me to get around. +I don’t know enough about the Telecom sector or $T’s financials to make a confident decision. +With a dividend of 7% and a P/E ratio of only 5-6, surely this company is an insane value play right? So why the constant selling? What am I missing. +I’d love to buy in but, not if there’s some broader issue I’m unaware of. +A near-record number of tech stocks have plunged by some 50% in an echo of the dot-com crash. + +Roughly four in every 10 companies on the Nasdaq Composite Index have seen their market values cut in half from their 52-week highs, while the majority of gauge members are mired in bear markets, according to Jason Goepfert, chief research officer at Sundial Capital Research. + +“Whatever the fundamental and macro considerations, there is no doubt that investors have been selling first and trying to figure out the rest later,” Goepfert said in a note. + +Another way of thinking about the tech wreck: At no other point since the bursting of the dot-com bubble have so many companies fallen like this while the index itself was so close to a peak. + +“Valuations are at historical highs, companies are raising billions based on fairy dust, and the Fed is signaling a tightening cycle,” Goepfert said. “All of these are scaring investors that we’re on the cusp of a repeat of 1999-2000.” + +Tech stocks have been under pressure since the start of the year amid a bond-market selloff that’s driven yields on 10-year Treasuries to 1.72%. The carnage worsened after minutes of the Federal Reserve’s last policy meeting — released on Wednesday — pointed to earlier and faster rate hikes, suggesting to some that the central bank became more hawkish quicker than many had expected. Traders were quick to unload tech shares, whose high valuations become harder to justify in a rising-rate environment. + +All this could spell trouble for active managers with broad market exposures since so many stocks are off their recent highs. + +https://www.bloomberg.com/news/articles/2022-01-06/number-of-nasdaq-stocks-down-50-or-more-is-almost-at-a-record?utm_content=business&cmpid=socialflow-twitter-business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social +**MoonRetriever, bringing a new era of safe investments to DEFI** + + +By now it should be clear for most of us that DeFi is an environment filled with opportunistic scammers who are looking to continue on their mission of stealing peoples money. + + +Unfortunately the majority of victims are new or inexperienced investors looking for opportunities. As it stands right now the opportunities people see for maximum or instant turnover is getting in early on new projects. + + +At the same time, these investors are exposed to the highest risk of getting wiped out by bots, scammed by honey-pots, rug pulls, coordinated team token dumping and a lot of other devious tactics. + + +To avoid this today an inventory must check multiple websites, search for vulnerabilities in code, understand tokenomics and collate all the data together in order to make a decision. + + +That’s simply too difficult for the majority of us and is a major issue that we need to resolve before we truly can make the crypto sphere feel safe for the general public and gain mainstream adoption. Anyone who solves or helps bring new innovative solutions to this issue is in my opinion, sitting on a potential goldmine. + + +**That’s where MoonRetriever comes in.** + +$FETCH is the operating asset of the MoonRetriever Project, the first-ever DEFI project on Binance Smart Chain that serves as a crypto risk assessment platform aiming to help people find safe investments, by bringing an array of features together, + + 🦴 No Rug Pulls From Now On + +A solid multi-featured rug-check system is in place to invest safely. + +🦴 Never Miss Important Transactions + +Track specific wallets and keep a close eye on burn and developer wallets. Follow your favorite wallets and copy their movements! + +🦴 Track All Market Movements + +Always stay up-to-date. Keep track of the market movements and chase opportunities. + +🦴 Secure Your Future Investments + +No more blind investments! MoonRetriever will assist you to choose the safest early-released tokens and presales as they are launched. + +🦴 Upcoming ILO launchpad with automatic LP lock and Team Token lock as well as project screening to ensure the safety of our $FETCH holders. + +Own $FETCH and invest safely with this good boy. + +**I know, this might sound too good to be true.** + + +But luckily for us, it’s not. + + +The devs have over and over again showed their transparency + + +With the market finally looking like it wants to recover, they've got some very exciting news to surprise the community with very soon. + + +There was an announcement this morning saying they’re pushing out an initial wave of influencers and partnerships now that the market is looking better - while they’re still waiting for the perfect opportunity to bring out the real deal they’ve got hidden up their sleeves. + + +They have also mentioned that they will be having a voice chat AMA this week where the lead devs will introduce themselves to the community, give some updates. This is a perfect opportunity to have all of your questions about the project answered! + +&#x200B; + +Voice Chat with the DOXXED Marketing Lead happens nearly every day as well for questions surrounding that and general market info sharing! + + +I have zero doubts about this team and I have a feeling there’s a lot juiciness coming these days ahead of us, but I’ll leave you at that, check them out yourself! + + +**Relevant links** + +🐶 [**Website**](https://moonretriever.com/) + +💬 [**Telegram**](https://t.me/MoonRetriever) + +🥞 [**Buy on Pancakeswap**](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8bfc1c564E4490790DFac641C9a0FecD3f91F584) + +💬 [**BSCscan**](https://bscscan.com/token/0x8bBc1712158B9ff8Eb81d54b022641bAb19a9752) + +📈 [**Charts**](https://charts.bogged.finance/?token=0x8bfc1c564E4490790DFac641C9a0FecD3f91F584) + +✋ [**Ownership renounced**](https://bscscan.com/tx/0x998a08eedfac51775d8f3d70b5df7f255d0cf8e9707fabca46294cae13d1db36) + +🔐 [**Locked liquidity**](https://unicrypt.network/amm/pancakev2/token/0x8bfc1c564E4490790DFac641C9a0FecD3f91F584) (make sure to connect your wallet to be able to verify it) +Title says it all. I'm calling it, the Wu-Tang Clan album will be one of GameStop's NFT "launch titles". Think about it: +* PleasrDAO claims that they are interested in getting this out to the public, but so far haven't done it. That's because the right NFT marketplace didn't exist. +* An exclusive Wu-Tang Clan album is exactly the kind of high-impact NFT that is needed to promote the marketplace. +* Having this album on the marketplace will show doubters what NFTs can be. Shills will have a hard time arguing that "NFTs are just jpeg images I can right-click" if one of the first NFTs is literally an album that just wasn't available to the public for years. +* It also sets a standard for the NFT marketplace. And by that I mean that it simply gives other creators a level of quality to strive for. This is the equivalent of an exclusive AAA game on a video game console, and the NFT creators on the marketplace are equivalent to indie game developers who have to try to compete with these AAA titles by having a unique idea or an unique aesthetic. + +I'm not gonna put anything in my ass if I'm wrong, but I think this is just a perfect match, it makes sense for PleasrDAO and it makes sense for GameStop and for the NFT marketplace. + +The constitution could have been another of these launch titles, and who knows what other cool projects GameStop has been in contact with in order to get a really good lineup of exclusive launch titles. + +All I can say is that I'm really excited about this! I'm really looking forward to the official announcement. This will not be something the media can ignore, and it will be difficult to put a negative spin on it. +Title says it all. I'm calling it, the Wu-Tang Clan album will be one of GameStop's NFT "launch titles". Think about it: +* PleasrDAO claims that they are interested in getting this out to the public, but so far haven't done it. That's because the right NFT marketplace didn't exist. +* An exclusive Wu-Tang Clan album is exactly the kind of high-impact NFT that is needed to promote the marketplace. +* Having this album on the marketplace will show doubters what NFTs can be. Shills will have a hard time arguing that "NFTs are just jpeg images I can right-click" if one of the first NFTs is literally an album that just wasn't available to the public for years. +* It also sets a standard for the NFT marketplace. And by that I mean that it simply gives other creators a level of quality to strive for. This is the equivalent of an exclusive AAA game on a video game console, and the NFT creators on the marketplace are equivalent to indie game developers who have to try to compete with these AAA titles by having a unique idea or an unique aesthetic. + +I'm not gonna put anything in my ass if I'm wrong, but I think this is just a perfect match, it makes sense for PleasrDAO and it makes sense for GameStop and for the NFT marketplace. + +The constitution could have been another of these launch titles, and who knows what other cool projects GameStop has been in contact with in order to get a really good lineup of exclusive launch titles. + +All I can say is that I'm really excited about this! I'm really looking forward to the official announcement. This will not be something the media can ignore, and it will be difficult to put a negative spin on it. +How do you know if your setting up a meaningful stretch goal, or simply over committing? + +I’m about to sign a building contract to build a $2.5m house on a $2m block of land. + +It’s a stretch for sure, feeling the pressure to increasing earnings to try get the debt paid down quickly. + +Inherently I know I can make it work but it’s a bit of a “level up” in terms of financial commitments. + +I know it will push me to scale the business and will be some motivation to grow after coasting for a while. + +Find my self second guessing myself and thinking I’m overcommitting. + +The loan will be $2.3m on $4.5m value home. + + +34m. Three kids under 5. + +$1m income ($700k after tax). +$250k burn rate. +$1m cash (going into the build) +$2m equity in other properties +$1m listed / unlisted shares +There are a lot of headlines about increasing defaults on car loans. This problem is way overstated and isn't going to cause a financial meltdown like the subprime crisis of the great recession. + +[https://awealthofcommonsense.com/2019/02/auto-loans-are-not-the-next-subprime/](https://awealthofcommonsense.com/2019/02/auto-loans-are-not-the-next-subprime/) +I'm in a sales role, so my exact income is a mystery to me until the end of the year - it can vary a lot from year-to-year. What happens if I start putting money into a Roth IRA now, but at the end of the year find out I don't qualify because of my annual income for 2020? +Direct quote from the interview; + +*“Bitcoin, it just seems like a scam,” Trump said. “I don’t like it because it’s another currency competing against the dollar ... I want the dollar to be the currency of the world. That’s what I’ve always said.”* + +Clearly he thinks that Bitcoin is a true competitor to the global supremecy of the USD. He is fearful of Bitcoin disrupting the USD as the standard currency of the world. + +This is some of the most bullish news I've read all week. +With the recent influx of newcomers I expected them to be a little more irrational and spontaneous in their decision making process. However, I seem to see a lot of FUD being spread in the daily discussion and in the comment section by people with recently made accounts or with obviously low cryptocurrency knowledge and experience. + +I see posts with not very rational/constructive FUD comments being upvoted to sky, which is not common in this subreddit. So I am trying to figure out if someone really wants to see eth fail, is this the newcomers or else who? + +IMHO, I think somebody is pushing a bearish agenda here. If this is the case, be very careful with the information you read and make conclusions by yourself.Saddly, Ethereum has many enemies and we should not underestimate their capabilities. +&#x200B; + +https://preview.redd.it/lcctwoi5r2281.jpg?width=700&format=pjpg&auto=webp&s=8a86d51eb014847a54988e91e2b50bd7f27a7813 + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +https://preview.redd.it/0eprl007r2281.png?width=1200&format=png&auto=webp&s=ba7248446100e67c48497236529425f940cfcd4f + +Aurizon traces its roots back to Queensland Rail, whom were founded in 1865 when the State government endeavoured to link up the scattered towns along Queensland’s coast. Over the many years of their operations, they established bulk and container transport business. In 2004, these divisions were split off from Queensland Rail under the banner of QR National and was subsequently floated on the ASX on 2010, and rebranded as Aurizon in 2012. + +&#x200B; + +[FY21 Report](https://preview.redd.it/e6g0u238r2281.png?width=1500&format=png&auto=webp&s=b54bddfd4dbe33fb005ab2fe66e1154cd5e5bff4) + +Since then, Aurizon has focused its business to coal & bulk transport only, cutting loose its intermodal container business. It has also expanded its footprint to include major networks the other States like NSW and WA. Aurizon has grown to be the largest rail-based transport businesses in Australia. + +# The Checklist + +* Net Profit: positive 10 of last 10 years. Good ✅ +* Outstanding Shares: trending down (!) L10Y. Good ✅ +* Revenue, Profit, & Equity: R & NP stagnant, E trending down. Neutral ⚪ +* Insider Ownership: 1% w/ absolute ton of on-market buys. Good ✅ +* Debt / Equity: 92% w/ Current Ratio of 1.1x. Neutral ⚪ +* ROE: 10.3% Avg L10Y w/ 12.8% FY21. Good ✅ +* Dividend: 7.0% 10Y Avg Yield w/ 8.5% FY21. Good ✅ +* BPS $2.32 (1.5x P/B) w/ NTA $2.3 (1.5x P/NTA). Good ✅ +* 10Y Avg: SPS $1.82 (1.9x P/S), EPS 29.8cents (11.4x P/E). Good ✅ +* Growth: -(2.0)% Avg Revenue Growth L10Y w/ -(1.9)% FY21. Neutral ⚪ + +**Fair Value: $4.91** + +**Target Buy: $3.72** + +Looks like a very solid reliable business overall. Probably no surprises here, given its position essentially as a monopoly in its industry. I should note that the growth as neutral in large part because the share buybacks have been able to keep pace with the slight decline in nominal revenue. + +# The Knife + +[marketindex.com.au](https://preview.redd.it/nf3yauqer2281.png?width=1844&format=png&auto=webp&s=5a0d9d098b2048bb7f22f2ff1817090a4f444df8) + +At their all-time high, AZJ broke the $6 mark. In fact, it held around that level quite solidly for most of 2019. However, when the crash in 2020 came along, the floor fell out, and AZJ plummeted like a rock. It hit a multiyear low of $3.38 on the 23rd of March. Interestingly, that price level proved to be quite short lived at the time. Only a few days later, AZJ had popped back up to just under $5.00 and looked bullish going into the middle of that year. + +But the last 18 months have not been kind. By Nov of 2021 AZJ had broken its March 2020 low, albeit only just, and is now trading as though the ASX were still deeply in the red, sitting on 4,400 points like it was on the 23rd of March. As of the close of Friday 26th of Nov 2021 @ $3.44, those that bought AZJ at its all time high would be 44% down on the capital of their investment, with the stock now trading in a range that it used to 10 years prior. + +# The Diagnosis + +The Short Answer: AZJ really COP’d it. + +&#x200B; + +https://preview.redd.it/2ey7zckgr2281.png?width=1000&format=png&auto=webp&s=9bd14e413cd716bea9ed210913cf534c90070cb6 + +The Long Answer: It’s actually somewhat interesting trying to pinpoint the issues involved with Aurizon. Overall, the business looks strong. Indeed, they are posting better results than they were in FY19, and with fewer shares outstanding. Genuinely, the ESG concerns are very likely the primary culprit here. With major pressure now for institutions to show their commitment, many previous stalwarts of the Australian stock market have been showing unusual weakness in their share price, often with price levels not seen for a decade. + +&#x200B; + +https://preview.redd.it/63819vbhr2281.png?width=1065&format=png&auto=webp&s=46fa1ce66ae9512efe29f6d9028f6e42bbb5f039 + +Looking at the 10-year consolidated figures, one might point to the drop off in nominal revenue, but when considering the per share figures the differences are marginal at best. For example, despite the revenue being nearly $700m less in FY21 than 10-years prior, the relative SPS actually increased due to there being 600m less shares outstanding. The EPS for FY21 of roughly 30cents is well in line with their previous years. + +&#x200B; + +[tradingview.com](https://preview.redd.it/n240jh9ir2281.png?width=1843&format=png&auto=webp&s=5b84405dc092e6ddee49f9058f13d095c4ac44d3) + +Interestingly, AZJ trades a lot like a bank stock. For example, the 2016 dive was mirrored to a smaller degree by the big 4 banks at the time. That year commodity prices in both the iron and coal sector were bottoming out at decade lows. Long-term prospects looked pretty rough for many operators. Given that 35% of Australia’s exports are from the mining sector, and primarily of these two commodities, it makes sense that there were wider scale economic implications. It just so happens that a couple of the biggest drivers of the Australian economy are transported on AZJ’s trains. As such, the company’s prospects are linked to macroeconomic factors more than anything else. + +Furthermore, AZJ’s business is essentially a monopoly with long term price contracts. That means predictable and consistent revenues. The main concern is really just about capital management. Add to that AZJ’s many share buybacks over the years, investors otherwise can be relatively confident in maintaining their capital investment (at least on fundamentals sort of level). All of this means that the value of an investment in AZJ rests entirely in its ability to reliable produce a profit. In other words, yield. Perhaps yet another reason it trades like a bank stock. + +# The Outlook + +Therefore, it would seem quite simple to determine if the future for AZJ is bright or not, but of course nothing is as simple as it seems. Case in point is the current circumstances of its share price. Under ‘normal’ circumstances I think AZJ would be trading quite well right now. But with so much institutional focus now shifting hard toward ESG, it would seem that the big players have their hands full and would rather not get tied up in what is now considered a legacy industry. + +This might be seen as somewhat simplistic though. A third of AZJ’s business is in bulk transport (e.g. iron ore) with a further third of its business concentrated in metallurgical coal (i.e. steel production). Even still, its perhaps too big of a hurdle for investment managers to stomach the idea of buying a business of which 68% of the revenue is tied in with the coal industry. + +**The Future of Coal** + +Despite all that, the coal industry would seem to be doing quite well. + +&#x200B; + +[“Resources & Energy Quarterly Sep 21” – industry.gov.au](https://preview.redd.it/gz9tg48kr2281.png?width=1822&format=png&auto=webp&s=e64d23ec8a35d11ab445933743e7a0a3784b331e) + +Forecasting by the Department of Industry, Science, Energy and Resources in the latest Resources and Energy Quarterly projects coal exports for the next two years to be quite in line with the last decade. Similar forecasting done by the Minerals Council of Australia expects demand globally to increase by about 25% by 2030 in both metallurgical and thermal coal. + +How can this be? + +Should one be watching the news, the Australian utilities sector is replete with stores about AGL closing down big coal power stations like Liddell in NSW in a couple of years (2023), and Energy Australia bringing forward their closure of Yallourn in VIC by 4 years (2028). For all intents and purposes, the time is ticking on thermal coal. On the metallurgical side of things, Fortescue has made big news announcing major investments in its Fortescue Futures Industries, with the goal of developing green technologies in the refining of iron and production of steel. + +&#x200B; + +[“Coal 2020” – iea.org](https://preview.redd.it/mtt1xq7nr2281.png?width=1600&format=png&auto=webp&s=30e497f7fa83b6c398b3d7307f480a08181868d6) + +Well, the trouble is that countries like China and India, along with countries in the developing world, have somewhat different plans in mind. Analysis by the International Energy Agency expects that coal consumption worldwide will remain largely steady into 2025. With Australia exporting nearly half of the worlds coal, there would seem to be quite healthy and ongoing demand for the industry here. + +[“Boom and Bust 2021” – globalenergymonitor.org](https://preview.redd.it/6rwtxdnor2281.png?width=1200&format=png&auto=webp&s=5d51dd301167300fefbac0de2f38c9f9fd74948f) + +The major reductions in usage by the Western world have been more than offset by increases in Asia. Even with the major retirements of old coal plants in the developed nations, there are more coal plants today than there have ever been. The biggest driver of this by far is China. They have been constructing an unbelievable number of coal power stations in the last 20 years. In 2017 it was reported that globally there were plans for over 1,600 new coal power stations to be constructed in 62 different countries. + +&#x200B; + +[Coal Plant Dashboard – globalenergymonitor.org](https://preview.redd.it/c8w8cshrr2281.png?width=1000&format=png&auto=webp&s=ad9c02ad3b4768aecaaf677e0974483ed59e95d8) + +COP26 endeavoured to address this, but have come away with a fairly weakly worded and nonbinding agreement to “phase coal down,” whatever that means. The thing is, many of the currently operating coal plants are quite new. According to research by Global Energy Monitor, the vast majority of the operating plants were built in the last 20 years. The design life of most coal plants is between 40-50 years, which implies that even if the world commits to building no additional coal plants from this point forward, much of the current infrastructure could be in operation for the next 30 years. + +&#x200B; + +[How dare you!](https://preview.redd.it/ucexzamvr2281.png?width=1100&format=png&auto=webp&s=bece6eb5449299b0b425d5709c90d3d75cabbd69) + +Presumably, the coal industry will continue to rake in the money during that time. + +**Levelized Cost of Energy** + +There is a further and perhaps less recognized dynamic between the green energy industry and fossil fuels and it relates to the relative costs between them. As investors in [AGL well know](https://www.reddit.com/r/ASX_Bets/comments/ms53c0/catching_the_knife_the_second_australian_company/) the utility sector these days is… complicated. Coal, gas, oil, solar, wind, hydro, and nuclear markets do not operate in their own little bubbles. Each are different sources of the same product: electricity. As such, each source is interrelated with the other, because it operates under the larger economic umbrella of the energy market. + +&#x200B; + +[“Levelized Cost of Energy Analysis Oct 2021” – lazard.com](https://preview.redd.it/xv8qg4wwr2281.png?width=2800&format=png&auto=webp&s=a84d69f6fe353a92db3367625d153c45da730e16) + +Considering the Levelized Cost of Energy (LCOE) can help to clarify the point. Some energy sources may be more cost effective when viewed in terms of $/MWh. Within a market setting then lower costed sources are more competitive, as economies look to lower their costs of energy. This naturally results in higher demands for those sources, at least until the rising demand pushes those costs higher. And as those costs rise, additional energy sources become viable alternatives, which broadens the supply base and ‘levelizes’ costs across all sources. + +One might consider then that the profile of energy generation source diversification is a direct manifestation of their relative costs per MWh. And therefore, changes in the underlying costs to produce one source influences the market price of all other sources, as the energy market finds a new levelized equilibrium. + +&#x200B; + +[ourworldindata.org](https://preview.redd.it/znurr3x3s2281.png?width=1500&format=png&auto=webp&s=a9ae0c236608dfafa185923fb97909fbe83a13e9) + +In terms of electricity production globally, Our World in Data indicates that coal accounts for the lions share at about 35% of total production. Keep in mind that much of this is disproportionally in Asian economies. + +**Market Distortion** + +But what happens when some of the largest economies in the world are actively divesting from certain energy sources like fossil fuels? Or otherwise selectively favouring certain sources (e.g. gas) over others (e.g. coal). + +Good news! We’re finding out the answer to that question right now. 😺 + +&#x200B; + +[This meme writes itself.](https://preview.redd.it/54su2k9yr2281.png?width=1200&format=png&auto=webp&s=af2f0bf38859c2464b30f9dcc047ef92a129bba1) + +Europe in some sense is a Petri dish for the kind of energy market distortion an economy can experience when governments selectively shutdown coal and nuclear generation assets in favour of wind and solar, with only gas as a backup. In a simplistic sense, this has artificially limited the supply of energy sources, perhaps with the intention to raise the levelized cost and make green tech like solar and wind more competitive. The trouble is, those sources have not been capable of supporting the shortfall, and the effort has instead caused an energy crisis in that region. Subsequently, the market has put so much demand on the only other viable option, gas, as to have raised spot prices on that commodity almost 10-fold. + +&#x200B; + +[An inconvenient price.](https://preview.redd.it/o5h97ikos2281.png?width=1600&format=png&auto=webp&s=fad86f902cf87c140259cf8ebf4cfab1ae10b393) + +There is perhaps some irony in the fact that as a result of that, the European demand for gas has influenced global supply. To that extent it pushed other economic regions in the world, namely Asia, away from gas and towards other cost-efficient sources like coal. Newcastle coal prices hit an all-time high of $270 USD/t earlier this year, more than double its historical highs, and instigated China to take drastic measures to try to control the price. The European energy crisis effectively had spilled over into their backyard. The implication here is that Western economies divesting away from coal may have the conterintuitive result of driving up demand for it globally. + +I’m not sure if that was the intended effect, to be honest. 😸 + +Part of this is the chronic underinvestment in this sector for the last decade and even more difficulty moving forward for companies to secure funding for developmental projects. Personally I would be hesitant to get involved with explorers in these industries, but it would seem that current producers and industry supports like AZJ will have a very solid demand base for the foreseeable future. At least until green technologies can close the gap on energy production and reliability. + +# The Verdict + +With all that being said, AZJ recently has taken a major step towards diversifying its business, making it more relevant and resilient in the longer term. I think that is ultimately what makes this company appealing as a long term investment. + +**One Rail Acquisition** + +&#x200B; + +https://preview.redd.it/ie9rsvcrs2281.png?width=1200&format=png&auto=webp&s=14d0abc6ed6f1bcd736032aa39e1b6bbda7d6c63 + +In October, AZJ announced that it had signed an agreement to acquire One Rail Australia and that the $2b+ acquisition would be funded through cash and debt. + +&#x200B; + +[Acquisition Investor Presentation](https://preview.redd.it/zxf8uy5ss2281.png?width=1500&format=png&auto=webp&s=fa5c6dbe0a66a3e2df25b248d323461f2c1280ba) + +One Rail’s business spans rail, ports, and transportation infrastructure. Its bulk operations include a major rail network that runs from Tarcoola, SA to Darwin, NT, primarily hauling iron ore. It also runs a fleet of locomotives in NSW and QLD, part of its East Coast Rail (ECR), which transport coal in the Hunter Valley region. + +AZJ plans to sell the ECR assets once the acquisition is complete, with the intention ideally of recouping a large share of the costs associated with the overall purchase. Otherwise, barring an attractive offer, AZJ has proposed that it could instead demerger and spin it off into its own listed entity, “whichever creates greater value for Aurizon shareholders.” + +From historical figures the remaining One Rail network would only really represents a small addition when compared to the larger AZJ business, which did just under $3b in revenue for FY21. Indeed, the ECR portion, which AZJ want to quit, is the more profitable half of the business. This makes the overall price tag of the acquisition merely to gain the non-coal One Rail business seem a bit high. + +&#x200B; + +[Acquisition Investor Presentation](https://preview.redd.it/lx2kbi2us2281.png?width=1500&format=png&auto=webp&s=c066baa71f34fc296a12700f7eaa7ccce3367bd0) + +However, in the longer term, I think that the network that AZJ gain is a game changer for them. The Central Corridor is ripe with opportunity in the very commodity sectors that are positioned to benefit quite well from the transition towards green technology. The region has development projects in copper, potash, graphite, lithium, and nickel to name a few. AZJ as such would be well positioned to benefit in the medium term through ongoing demand in legacy coal, while in the long-term having an incredible footprint in the future green industry. + +# The Target + +Should one be optimistic on the basis of that investment case, it remains to be asked: what is AZJ actually worth? + +Interestingly enough, the market didn’t respond very well to the acquisition news. To be sure, the downtrend was established well before AZJ announced their plans, and I think that solely rests with ESG concerns. Yet, one cannot overlook the fact that the immediate effect of AZJ’s announcement was a 10% drop, going from \~$3.90 to \~$3.40 in a matter of days. + +Some of that might due to the execution risk of being able to offload ECR in a trade-sale. It’s not at all clear who would want to buy a coal transport business given ESG concerns, which means AZJ would be saddled with the additional debt in the long term. + +However, given AZJ historical correlation to bank stocks, I personally think the rerate was much more mechanical, and not indicative of the value of the acquisition itself. But first let’s look at the expected figures. + +&#x200B; + +https://preview.redd.it/chwz4oyws2281.png?width=1065&format=png&auto=webp&s=7a86098ac551bc4b93c9bd660f995eab93306ba0 + +^(Note: One of the primary unknowns here is how the acquisition effects shareholder equity. This is not explored in the presentation, so I’ve have opted to presume that the transaction it is roughly breakeven after the additional debt is factored in. Furthermore, uncertainty around the nature of the demerger of ECR, whether by trade-sale or separate listing,) ^(further complicates the post ECR book value of AZJ. Again, I’ve opted to presume that its ends in a separate listing, which would have little effect on debt levels or equity, though AZJ have indicated that 500m of the transaction would be allocated to the debt against the new ECR entity.) + +Buying AZJ right now is inclusive of later value extracted from ECR, so for the valuation I’ll used the combined figures. Thus, using the per share figures above, we get the following: + +**Fair Price (+ORA) - $4.96** + +**Target Buy (+ORA) - $3.36** + +AZJ have indicated that they will reduce their dividend from payout ratio 100% to 70% for the next couple of years to enable them to service the additional debt obligations. Naturally, the lower yield will make AZJ less attractive in a relative sense vs other yield-focused investments, like the big 4 banks. Interestingly, my estimated dividend payout post acquisition at the rerated $3.40 share price works out to be a very similar yield as compared to AZJ’s historical average yield at their previous $3.90 price level. + +It would seem to me that the market at this stage places AZJ fair value strongly in line with a \~6% dividend yield. As such, the question of bullish or bearish dissolves into one purely of macroeconomic concerns and that of relative yields. What that means for AZJ’s share price into the future, I’m not entirely sure. However, given that the average yield of ASX listed companies since 1980 has been a touch over 4%, it would seem AZJ is a pretty attractive investment if it can continue to pay out at 6%+ yield. At least that is, if one likes dividend stocks. + +# The TL;DR + +Initially started as a division of Queensland Rail, Aurizon has historical roots going back 150 years. Split off and listed in 2010, it has grown to become the largest publicly listed railroad company on the ASX, and has claim to be the largest rail-based transport company in Australia. + +The share price has taken a beating in the last year. With coal transport representing almost 70% of Aurizon’s business, the major push from institutional investors toward ESG lately have likely led it to be cut loose from major portfolios. + +Despite this, coal is projected to be a core part of the global economy for at least the next couple of decades. Additionally, Aurizon has signed a deal to acquire a rail network in the heart of Australia, prime territory for future projects in green tech commodities. + +With a foothold established now both in the old and new worlds, Aurizon otherwise looks to be a solid business with a significant economic moat and a high dividend. Thusly, I personally think that this looks like an attractive long-term investment for yield seekers. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀 + +*I'd love to hear other's opinion on AZJ and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*On Deck Next Fortnight: RFG* + +*Currently on the Watchlist (no particular order): CGF, IPL, Z1P, FLT, QAN, CWN, FNP, OML, WPL, CIM.* + +[Previous Editions of Catching the Knife](https://www.reddit.com/user/Nevelo/comments/sfc7gi/catching_the_knife_series/) +OK, I want to buy a car that is roughly 40k. + +Currently I have 38k in 80/20 split personal Vanguard account. + +I have 30k in High Yield Savings. + +And I have 80k in single company stock from work. + +What is the best place to pull the money from to buy said car? + +This is assuming I cannot get a 0% loan for the car and I would like to not have to deal with a payment month to month. Also, I can probably get a better deal for the car with paying cash. + +Another complicating factor is that I will most likely upgrade my house in the next year. Currently we have a 340k note on a 500kish house with a really good low rate. So the new house will probably need some cash influx to keep the payments down. + +Made a throw away account to keep some anonymity. + +Thanks! +Resolution Source: [https://www.bls.gov/bls/news-release/cpi.htm](https://www.bls.gov/bls/news-release/cpi.htm) + +Answer will resolve to total CPI, NOT core-CPI. + +[View Poll](https://www.reddit.com/poll/txma3z) +Goldman Sachs must have lost alot in the GME squeeze because they told CNBC the market is now a "greed hive" with "engineered short squeezes". + +They didnt mention WSB or GME directly but it's very easy to read between the lines. They mentioned "illiquid stocks, traded on margin" and "speculative Options" as if these are actual concerns and as if they haven't been doing this same shit for the last 50 years. + +Keep in mind these are the pricks who sold CDOs and helped engineer the 2008 crash. + +TLDR: Institutions are starting to get scared and the slander is begining. + + +The stock market is at or near the most-expensive levels ever by most measures + +https://www.cnbc.com/2021/01/23/the-stock-market-is-at-or-near-the-most-expensive-levels-ever-by-most-measures-when-will-it-matter.html?__source=androidappshare +I wanted to share my story. I'm currently 29 and my 20s are almost over. + +I graduated from college with a 2.7 GPA with a marketing degree from a D3 school. I never cared about grades I just wanted to graduate, and I barely did to be honest. I failed accounting, economic, and a 1 credit gym class. + +I was 22 when I graduated and I started to apply for random sales jobs on indeed / monster. All my interviews sucked. I got denied from multiple places that only paid $35,000 a year and had to made 100 cold calls everyday. So I figured I needed to get more specific in what I'm doing. + +Turns out there is a ton of money in insurance. Both on the company side and insurance broker side. I didn't even know what an insurance broker was. And im NOT talking about individual insurance sales for life insurance, cars, or homeowners / renters. Pretty much every employer, city, school district, has what's called employee benefits broker. Employees get paid in two was, in money, and in benefits. So health insurance, dental insurance, vision, life insurance, disability insurance. And all employers use an employee benefits broker to help set up the plan for all of their employees. The broker gets a small commission (2-5% of the policy premium). But when the policy premiums is millions of dollars or even just hundreds of thousands of dollars this adds up very very fast. Just like a real estate broker, stock broker, wholesale broker, the list goes on. None of these people that have these jobs really went to school for that job. + + +So I figured the barrier to entry in insurance is pretty easy. It's just a license you need with your state and you have to take a class and pass the test. No where near as hard as financial requirements. You just gotta show up and study for 2 weeks. However, I didn't even get my license before I got my job. + + +I googled "employee benefits brokerage" in my area. I found 4 firms I've never heard of. I looked at whose the branch president online and I cold called them. I prayed they wouldn't answer the phone. But I rehearsed exactly what I was going to say and I hoped I could just leave a voicemail. It was a very simple message. "Hi \_\_\_\_\_ my names Kyle. I'm a recent graduate at \_\_\_\_\_\_ with a marketing degree. I am a motivated sales driven individual and I believe I could be a positive asset to your team in a sales capacity. If you are looking to hire a young motivated individual that's willing learn please let me know, you can reach me at\_\_\_\_\_" + + +3 of the 4 called me back. These 3 all gave me interviews. One interview me to be an account manager for a broker so I could learn the ropes first. They did not hire me and rejected me. The second brought me in to interview to be an account manager again. At the end of my interview the broker looked at me and said "Kyle you are not account manager material. You are broker material. I'm going to recommend that you become a broker here and have to interview with this person." That person then called me and said "Kyle your resume came across my desk highly recommended, I'm looking for a young hotshot to come on board and make a boat load of money. Are you in?" And I said "Where do I sign?" I was shocked to get this call. He laughed and said I need to meet you first and he took me out to a very nice restaurant to get to know me. + + +I had a great meal with this man and made him laugh and like me. He hired me shortly after for $50,000 a year and the ability to make a lot of commission. My job was to call / email/ network/ send LinkedIn messages/ any way possible to get my senior broker a meeting to talk about employee benefits. I had no knowledge of employee benefits. They put me in a licensing class and paid for the classes and paid for me to learn. 3 weeks later I'm a licensed insurance professional. I took some adderall and isolated myself from the world for 3 weeks. I actually passed with the MINIMUM passing score of exactly 70%. But a pass is a pass. + + +I get on the phones, I get on emails, I get on linked in. With one goal - book appointments for my senior broker. Go on the calls with him, don't talk and listen. Learn. I did that for a year, my senior broker actually sold none of them. I was very frustrated. Everyone there was making so much money. I was still at $50,000. (which was more than I could ever have even dreamed of making at the time, but I saw everyone else had more). I struggled very bad my first month trying to land a single appointment. It was hard to sleep at night knowing I had to come in the next day and make calls and get rejected over and over. But I figured I have no skills in life. But my skill can be the willingness to keep going, the willingness to get rejected, the willingness to try. So I stuck to it. I had my first panic attack 2 months in and actually went the ER. I had no clue what it was and I legitimately thought I was dying. Every morning I played motivational YouTube videos on my phone in bed and on the way to work. I'MA SHOW YOU HOW GREAT I AM. - the great Muhammad Ali helped me focus and keep going. + + +13 months in I had zero sales. My senior broker wasn't very good. But I had learned a ton and I felt I knew what to say and what not to say. So I tried going on appointments alone. The then firm fired me for "not being a team player." When in reality I felt I was not doing anything wrong. I was fired on a Tuesday right after I bought my first car, and resigned my apartment lease because I thought they liked me and still believed in me. I was very wrong. I only had $2,000 saved up. I went home on that Tuesday and cried. I called my dad and said I'm a failure. He helped pick me back up and told me a story of the times he got fired in his career and said "Kyle every salesperson gets fired at least once in their career." On Wednesday it was gut check time. I sat at home and asked myself do I have this in me. Can I actually do this? Am I cut out for this? On Thursday I redid my resume. Friday morning I put my best suit on, went to the library and bought resume paper and loaded it in the printer. I printed off my new resume. I then got in my car and drove to 4 other firms in that area that were my previous employers biggest competitors. + + +I was very nervous to walk in to these firms. I'm 23 and just got fired with no sales. Who the hell would want to hire me? This was right before the new Star Wars movie was about to come out. I was a huge Star Wars fan and I was very excited to see Kylo Ren and I loved the trailers. I actually recorded the part of the trailer where Kylo says "Nothing will stand in our way...... I will finish. What you started." And I put that on loop on my iPhone and played it very loudly in my car on repeat psyching myself up to go in and try and get a job in person. I walked in and said to the receptionist "Hi my names Kyle, I have an interesting story and I was just terminated from the \_\_\_\_\_\_\_ group on Tuesday. I'd like to talk to your hiring manager about me joining here in a sales capacity." (I had researched who I needed to ask for and I asked by name). No one was either there to meet with me or they just wouldn't let me in without an appointment. But I left my resume and asked if they could give it to that person and for that persons business card. + + +Once I got home that Friday night I sent each person an email saying I stopped in and attached my resume and would like an opportunity to talk to them about coming on their organization in a sales capacity. + + +Every place brought me in for an interview. Turns out there is almost NO ONE that does this. There is NO ONE in their early 20s walking in asking for a job. Everyone now hides behind a computer and applies online. This is a terrible strategy for a sales job. You needed to apply for the job in the same manner they would expect you to call on business for them once you're employed by then. This is how I got a second chance. + + +Only one firm offered me a job of the 4. But I actually got a raise out of it. They hired me for $60,000 and the ability to make big commission and the ability to go on my own appointments. No more senior broker. At the time I was cash advancing my credit cards to pay rent and for my car, I had to move to a different city only 60 miles away. They even paid for my moving expense. I was able to sublet my place to someone on craigslist for the next 10 months of my lease. Perfect. + + +I arrived with a bigger determination that I've ever had. IMA SHOW YOU HOW GREAT I AM. And the burning sensation to prove my last firm wrong. And I applied my only skill in life. The willingness to keep going. + + +After a few months I made my first sale. I made $67,000 my first year and had a pretty good sales year. I finally had a client that would be a reference for me. I'm now 23/24 years old. + + +At 24/25 I made about $80,000. Success builds success. Get a win. Tell everyone you can about that win and why they bought with you. Parlay what works until you are blue in the face. Find other companies that are similar to them and explain why you improved the last company like them. It gets easier. You get more clients that are willing to be a reference. More wins. + + +25/26 I had a huge year. 6 figure club. Making over $100k a year. My CEO loves me and I'm getting invited to special exclusive events and trips. + + +26/27 was my best year still. I made $132k. I bought a luxury 1 bedroom condo. Nothing feels better than success and rewarding yourself. + + +27/28 the show goes on. $125k. Had my first big client loss. It was a fairly large City. The mayor didn't seek reelection. And a new mayor got election and he had a friend who did what I did. So out I went on that account. + + +28/29 coronavirus. Very hard to make sales. Employers laying employees off. So my money goes down. Still barley made 100k. So no stimulus lol. Bought my dream car of a Tesla. + + +And now here I am looking back on my 20s. The highs and lows. I had many very low moments. Moments I cried. Moments I felt like failure. Moments I felt unstoppable. Moments I had climbed to the top of the. mountain. Moments IMA SHOW YOU HOW GREAT I AM. + + +Moral of the story, everyone loses. But only the ones who keep going end up winning. Skills not required in life. Some skills are just the ability to keep going. + +Edit(does it auto post edit?): when I was 26 I had my first seizure. I was in the shower and i suddenly couldn’t use my hand. It wouldn’t fire. I went down and passed out and seized up. I woke up hours later in bed still wet. I had no memory almost of what happened. I was super late for work and had a terrible headache and my tongue hurt. I looked in the mirror and I had bit my tongue extremely hard. I’ve only had 2 other seizures since. I went to the doctor a bunch and no answers. So me buying the Tesla was very very important. Self driving mode gave me peace of mind. The start of a seizure I can always tell and I have about 2 seconds to react with motor function. I was scared of dying driving or killing someone getting a seizure. For a little more clarification on why getting a Tesla was really important for me to get. +TL;DR: + +I’m a solo programmer in NYC with decent trading knowledge but lacking in math skills, willing to work full time on trading systems without salary. How can I start to work with other people either in a business context or otherwise, that would be beneficial for all involved? + +Edit: By "willing to work without salary" I just mean my first preference would be either work for equity or some sort of "I trade my programming skills for your math skills but we keep our business interests separate" type arrangement, though I'd also be open to other options. I didn't mean it as "I'll work for free until I prove myself". My goal is to be able to work on programming the trading stuff I enjoy working on and make a living from it, whether it's by actual alpha generation or something else + +\*\*\* + +I’m a programmer who has always been interested in trading and markets and have always dabbled in side projects in that area. + +The holy grail for me has always been developing profitable automated trading strategies. I’m not particularly good at stats or finance math, but I have decent knowledge of the mechanics of trading and market microstructure and I consider myself a solid programmer. + +I do all my programming in Clojure, a not particularly popular language, but I know it well and love it, and it’s worth it for me to work in it despite the disadvantages of it being a small language. There are not as many robust trading/finance/stats libraries readily available so sometimes I have to spend a few days implementing something that would be available to use instantly in python for instance, and my solution is perhaps not as battle tested and robust. But I end up with an intimate knowledge of the inner workings, and in my opinion often a more general solution that is better able to leverage clojure’s core library and existing general purpose libraries than many other more closed backtesting systems. I have tried these systems before (quantopian, ta4j), but I simply yearn for clojure while using them. This is a flaw of mine, I know, but it is what it is and I accept it. + +Another potential flaw of mine that I’m more interested in fixing is that it feels much more natural to me to develop trading backtesting and analysis systems and tools than it does to do the actually analysis myself. + +I’ve now decided to focus 100% on finding profitable trading strategies and ultimately implementing them on live (though I’m extremely conservative with putting real money on the line). + +My problem is I get somewhat overwhelmed with all there is that I need to learn and need to implement to get to the point of being confident in a strategy and implementing it. I’m at a point where I am happy with the ability of my code to express arbitrary strategies and run them against historical data. But I really need work when it comes to statistically evaluating them, especially when it comes to things like confidence intervals and avoiding overfitting. + +To an extent I’ve been trying to learn about these things, but the process has been slow. I’d rather be coding and improving other areas of my analysis software. + +I feel very time constrained. There’s plenty to do when it comes to just developing backtesting infrastructure and tools, but there’s also clearly endless time that could be spent finding and testing new strategies, and then there’s also endless things i need to learn. + +I get the feeling that there would be mutually beneficial relationships that could exist out there. I’d be happy to code all day on this stuff without getting paid. I have capital available when it comes time to deploy it. There have to be people out there with complementary skills right? People that are more into finance math than they are programming? People that I can ask questions of all day about what math is needed to give me confidence in strategies. People that can request GUI tools and widgets that I can make them. How do I find you? + +How do I structure a mutually beneficial relationship? I’m not afraid to share my code for free. In theory it’d be cool to have a small group of people sharing code and ideas for free but working closely together all day in like a chat where ideas can be shared privately? But I wouldn’t want to do this if it would add even more mental overhead in terms of daily work. + +I think the ideal thing for me would be to work full time for equity in some sort of trading firm. How unrealistic is this? Again I have some capital potentially to invest, and am a programmer willing to work for free. I also live in NYC, obviously a major trading hub. Part of me feels like this should be easy, but I don’t know really where to start. I’ve dabbled in Cofounderslab.com but it doesn’t really seem like that’s going to lead anywhere fruitful. + +The initial release of my small backtesting library is here: + +[https://github.com/jjttjj/trateg](https://github.com/jjttjj/trateg) + +And I have a few other small trading related projects on my github + +[https://github.com/jjttjj](https://github.com/jjttjj) +I grew up in a low income house hold, and really only started caring about my financial situation at around 27yrs old after watching financial videos off YouTube. I have tried to get my family thinking about heir finances more but they are pretty much still in the same boat living pay check to pay check. I wish financial literacy was more prevalent in Australia. If I had gained the mindset of saving and investing at 20yrs old I would be in a far better off position. +Here's the backstory: + +I'm 22m. Dropped out of college. Currently have no job. Currently renting a space with my friends mom while I sit on youtube and reddit all day trying to figure out ways to make my life worth living. Currently struggle with self-confidence issues, hopelessness, depression in general. I hate my image. + +Lately i've been staying in my room due to many problems compounding in my life. I have no desire to go get a job, improve my life, any of that. + +The only thing good about my life is I have 40k in crypto. + +Here's one thing that's been bothering me my whole life though and it gets worse with time. + +I've never been in an intimate relationship before. + +I've never had a girlfriend. I've never had sex. + +And as a 22 year old male, it bothers me because I don't really feel loved even though I know I am. + +I know my friends love me. I know my family unconditionally loves me. But I still feel alone. + +My friends have lives. They have jobs. They have their own relationships. They have their priorities. + +Idk I just want to be with someone I guess. + +But the thing is I have no idea where to start. I've never done this before ever in my life. + +I've been through high school. I've done a year of college. + +I've never flirted with any girls, no girls have ever showed interest in me, and over time, it really hurts my self confidence to where I don't even take care of my hygiene as much as I should. + +I shower every other day, wear the same clothes because I know I'm not going anywhere, I really don't do much and I know that's another thing that pushes the problem further. + +A couple of days ago my friends tried helping me by going to a bar and even then I barely said a word. I guess I'm just shy and get overwhelmed by the crowds of people and loud music. + +I actually felt miserable when you are supposed to be there to have fun. It's like the whole time I was just waiting to go back home. :( + +So I know I'm not going to be meeting any potential partners at any clubs or bars. I knew this about myself from the start but my friends though it might help out my situation but I guess im not an extrovert. + +I don't know where I'm going to be meeting anyone new my age anytime soon. I'm starting to realize that it's hopeless and I just need to accept it. + +But I just want to try to have sex. I've never done it and it's something I've always wanted to do. + +So I was considering using my ethereum profits to hire a prostitute. + +I was wondering if prostitutes will give me a tutorial of some sort? Do they offer services like that to virgins like myself? + +Has anyone ever done anything similar to this or know someone that has? + +I just want to lose my virginity so I don't have to die a virgin. +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) +Let's say that you invested in crypto, and that investment paid off BIG TIME, from night to day you made 50 Million dollars, what would you do? We are talking about life changing money right here. + +I know it's unlikely to happen to the normies of this sub, but it's still healthy to dream about getting rich right? It's our goal when investing after all. + +I really want to know your crypto exit plan, but on steroids, 50 Million after all. + +Personally, I would try to keep it as low key as possible, you always hear about people that win the lottery and then get harassed 24/7. And I don't want any of it. So I would try to hide that info as much as I could until I'm actually comfortable. + +Then I would save money just to pay taxes, as I always see people forgetting about it and ending up in bad places. + +Then I would created another passive income for myself, maybe buy a apartment complex and then rent it? I don't know, but something like that. + +What about you? + + +*Edit: I see a lot of people in the comments without their Vault open, come on guys, you have to open your vaults, otherwise no $50Million for you!* + +#*Edit 2: Thanks for the Happy Cake Day wishes!* +I’m a F 26 y/o. I have a stutter. I’m an introvert and is seen as a quiet person (more like I can’t physically say what I want to say). + +I went to uni and did a year of Science to get into Medical Imaging. I was a great student with very high GPAs every semester but extremely weak social skills. In Medical Imaging, I was very depressed and anxious. I hated placement and I also hated the role play exams. So I dropped out. It was very hard to get into imaging but in the end, I did what I thought was best for my mental health. + +Fast forward, now, i have a cert 3 in lab assistance but I’m stuck in a low paying highly physical labour job in a private pathology job as a lab assistant. I push and handle trolleys of 20, 000 samples a day. My income is extremely low - not even average income. And It gets very tough physically. However though, my social skills have improved despite my stutter still affecting me. I’ve been at this job for over 2 years now and I’m sick of it. Very high turnover rate. I’m also sick of working 7 days to earn more money to still earn below average income. + +I feel really trapped in my job right now. I know going back to study is the only way out of this. I love studying but looking through the list of degrees I can pick, I know I will enjoy the content and the theoretical side of things but the end job.. I’m not sure if I can do it with my speech impediment and actually like it. + +I know that I love health and anatomy and the human body because I loved the theory side of medical imaging. But I’m lost.. I’m not sure what to do besides knowing that going back to uni is probably the best way. I’ve looked through TAFE and the courses offered I’m not all that interested either. + +Is anyone able to offer me any advice for my situation? + +Edit: I haven’t gone to therapy but I’ve tried slowing down my speech as well as following techniques that I’ve found on YouTube. + +These techniques work when I practice alone etc but when I try them out in real life conversations, I revert back to old habits. Even trying it out on family members who know I stutter has had no success. The brain is very strange. + + +Edit 2: Omg wow! I did not expect to receive this amount of encouragement, support and suggestions. Thank you everyone. I will look into the recommendations. I truly appreciate everyone’s time in reading this post and commenting with such valuable advice. Thank you all. +I currently rent a house with my ex bf (recently split) and we split the bills 50/50. The bills amount to about 1800 total a month (internet, electric, rent, water, etc) so we each pay around 900. When we moved we agreed he would continue paying 50% until the end of the lease. + +I want to stay here at the end of the lease but I feel like 1800 is a stretch unless I can get a 6 mo lease or month to month. + +I make around 4k a month after taxes, my retirement, health insurance, etc. + +A roommate is out of question. + +I just started saving for a home as I just paid off my debt and have an emergency fund. + +What would you do at the end of the lease? +Hi everyone, + +First time poster, and this might sound like a really weird situation. + +I met a couple who also has two cats who are currently homeless and struggling to get by in Brisbane. + +I am in a great financial position earning mid 6 figures and am considering the option of helping them out, but I really want to do it in a way that can get them back on their feet. For example whenever they get enough money they just pay for a motel for $150 to $200 a night and the money is gone again. I am sure it will be near impossible for them to rent a place as they aren't the reliable tenants owners would want. + +Here are some of my thoughts. + +Purchasing a studio in Brisbane for around $250k. With a deposit of $50-$60k I can cover stamp duty too and annual rates is around $8k. I will ask them to pay $200 a week in rent which will cover the annual rates. I see this as a good option for me as I will have a property in the future if I ever plan to travel to Brisbane and a $250k studio normally can rent for $300 so I am really losing out on anything. I can afford the $1k a month mortgage payment quite easily and by doing this I am really only losing out $100 a week in potential rent. + +2nd Option + +Buy them a Van or something they can sleep in. I have no idea how that works in terms of, can they just find somewhere to park and sleep overnight and my guess for a decent van or campervan would be maybe $30k or $40k. + +I don't have any other good options and would love to hear from all of you if you have any ideas. In case people are wondering, + +I don't have a figure in mind but maybe imagine I have $100k to do this but I would realistically only want to lose $30k of it. If I could spend $100k by parking it somewhere or buying property in the first scenario and not lose that much money while still being able to help that would be ideal. + +Thanks in advance! + +Update: Thanks everyone so far for all your replies, I have been reading all of them and has got me thinking a lot. I will still be going through with helping them in one way or another but will digest everything written here before making my mind up on what the best way is. + +It definitely will be a one time thing and I will be careful as everyone suggested. I probably won't do a rental property as it may cause more trouble than it's worth in the future if it doesn't work out. But I will try to find a way to help them not just with money but advice on how they can manage their expenses properly with their current Centrelink income plus my help. + + +I work for a US broker and all you GME chads are the highlight of my life. You are literally fucking spot on how trading and settlement works, we get bombarded with amazing fucking questions by you beautiful bastards who think the whole world is on your side when in reality the more money you make the more money we make. I cannot wait for the day GME shoots to the moon and explodes then pours wealth into the fucking lot of you which leads to your happy, based, life because you all fucking deserve it. Hope you read this and realise how high iq and based you are and consequently blow your own loads into my wife. + +Chad's. +I will include the past post text (don’t know how to link it because of my oh so smooth brain) and will provide an update after as I have received several DM’s requesting a new post on the matter. Also my post was questioned by apes and I was approached by mods and satisfied all their requirements, thank you to skeptical Apes and prudent mods as I completely support both. + +Past Post: + +!Ape help! I’m meeting a journalist for a top US national paper tomorrow. What should I show him on GME?! + +I’m being cautious, even to the point of not naming the paper as I want to ensure nothing gets out. I am spending a full workday with an award winning journalist from a top national news outlet tomorrow! I’ve actually spoken to them (off the record) and casually brought up GME just saying that I can’t believe there hasn’t been major coverage on this to which they replied, “Really? I feel like there’s been a lot of coverage on it…” so obviously they know nothing about it… +I am seeking help from my fellow apes and will print off material for them so what evidence do you think would raise an award winning journalists attention to dig further? + +If mods require proof I can do that as I’m all about verification but I have to protect myself and them at this point. There are a lot of eyes on our sub and I only have one day with the individual and don’t want to turn them off thinking I’m some kind of fanatic as we are meeting on an entirely different subject. This is a 6 hour window to bring this up in a way that interests someone who knows nothing about this, may even be skeptical and thinks there’s already been coverage on the issue when we know it’s biased propaganda. + +I’m not promising anything will come of this, I am opening this opportunity up to all apes however… do your thing you beautiful retards, you’ve always made me proud! + +New Post: + +Apes… It went oh so well! + +So spent the day and did our thing, stayed cool as a banana far away from any rectum and just allowed organic discussions on whatever the journalist wanted and ape magic happened… + +Keep in mind I was approached by this journalist on an entirely different issue and I know that absolute respect has to guide this interaction for obvious reasons. I also want to stress that I don’t, nor do I claim to represent anyone but myself. So after making the last post and going over every comment/link several times I felt zen about the next day but still curious as to how I would broach the issue. The day began largely as was expected, I guided the individual through several interviews and subjects for their piece. By the end of the day we ended up with extra time as I was driving the individual anywhere they wanted and GME naturally came up. I fkn memorized the most important points after reading all the advice on this post (multiple times as well as from months of DD) as I usually do as these situations which come up in my line of work pretty often. Now off the record banter we got to talking about global issues which affected my work which the journalist was writing on and I made the link… I was talking about how education and knowledge are the greatest form of power to change societies and global issues and how my personal studies greatly impacted the trajectory of my life and how more recently what I’ve learned tumbling down the rabbit hole of GME and how it gave me a whole new perspective of US markets and markets in general. This warranted my next comments regarding the overt, insane level of manipulation perpetrated by hedge funds, market makers and even possibly government agencies. Sure enough he bit… + +After my comments he began asking me questions directly on the GME issue, inquiring as to how I know there is illegal manipulation occurring? What’s important was the tone of their inquiry, they asked as a journalist, not in disbelief, not in resistance, not facetiously, but with professionalism as genuine curiosity. Having refreshed myself with all the amazing feedback form apes I brought them through a labyrinth of issues: + +- Hedge funds and Market Makers are affectively using retail shares against us through stock lending and options shorting the stock down + +- It’s mathematically impossible that SHF’s covered during the January “sneeze” + +- Self reported shorts can’t be reported more than 140% of the float and we now know through court documents that in January it was at 220%. They simply couldn’t have covered + +- FTD’s & dark pools + +- Survey’s done are showing the float is owned in Canada & Germany respectively and is owned multiple times in the US + +- Dr. Trimbath, David L., West C. and Lucy K. have all weighed in giving a lot of context and history to these situations (sent the investigative articles as well) + +- Obvious “hit pieces” in financial media that completely miss any meaningful points on what’s driving this “idiosyncratic” stock & how hedge funds financially back these publications + +- Overstock just recently winning their court-case with prejudice in releasing a digital dividend destroying shorts as they were falling victim to the same predatory shorting + +- New communications between Robinhood and Citadel revealed through court documents proving Vlad and Ken committed purgery in the congressional hearings + +- DRS and the solution to stock manipulation + +- There’s financial incentive to bankrupt companies as all shorts are paid out tax free, that’s why hedgies targeted brick-n-mortar companies during a pandemic + +- There are over 600k apes on Superstonk from around the world ripping through huge technical documents in days, lawyers, marketing pro’s, from every corner contributing + +- We are seeing a historical social movement online galvanized by access to esoteric information on market practices used to benefit from retailers ignorance + +- No one has been able to prove Apes wrong yet + +This of course wasn’t everything as it was as a lot of back-and-forth which was the best part. The journalist was asking a lot of questions, and good ones, I was being interviewed on this subject! Not only was he interested but he wanted me to send him some articles I’d mentioned which I did on the spot. He asked me to send him links which I’ve sent (DD library, academic studies, data sites, etc.). They said they were going to pass this onto coworkers in the financial side of the publication, I didn’t ask them to do this. I genuinely told them that whatever they do with the info they can truly consider the data and it’s implications, to really look into it, even for their own benefit. This will be the greatest financial transfer of wealth in history by catching the fkrs who caused 2008 at their own game, locking dubious players into a death spiral by simply buying and holding against all their risk matrix’s, algorithms and anything else they thought they could use against retailers, that this is history in the making and nobody is truly talking about this in the mainstream in a meaningful way. Mind you since then there have been some new articles which may even give their financial journalists and editors the balls to go even further? + +Another crazy development… It turns out I now have access to another award winning journalist, but this one is independent and loves exposés. So I will now be reaching out to them today and this one I feel free to go all out! + +I truly thank all of you beautiful apes as almost every link was sent in the email, I read every comment multiple times and truly considered all advice/warnings. It went way better than I could’ve imagined and I will update any developments because you know I’m going to follow up! Today another ape may be looking up at the moon. One with a lot of influence… + +Edit: Inclusion of DRS point (thank you ape) +I finally bought a ps4. It's used, and the controller is kinda busted, but I saved every dime and now I finally have one. + +Just wanted to share. :) + +Edit: I started today just happy to finally buy myself a very rare luxury item. It snowballed into so many amazing people sending me games they don't play anymore, games they never played and flat out buying games for me. You all are fucking amazing. This is crazy. I just wanted to share that I bought myself something, and you all have made my month. Thank you all so much. +Just curious how much of a role your adeptness in schooling/education has played in your FATfire journey. Did you learn most things for success in school? Or did you pick it up as you went along? +So i recently got a job at ups for local sort at 14.50 an hour. I get full medical benefits after 6months? a 1$ raise every year. I plan on Applying for delivery as soon as i get my liscence i need to have had it for 2 years as well, starting pay for that is 22.50 an hour, after 5 years im bumped to top pay at 45-50$ an hour, and i plan on driving the feeder trucks as well. Planning everything in my head, I should be able to afford a house by the time im 26-27. Does this sound like a decent plan? My parents say i should just take out a home loan, but i would prefer just to pay it in full wothout having to worry about a mortage. i plan on doing the same with the car im going to buy. Edit: i am 22 +We’ve been working hard and are ready to sip on our favorite Cocktail after a long day. What better way than a $COCKTAIL that works for YOU with auto buyback, auto rewards, and a rewards multiplier. $COCKTAIL, the first rewards multiplier coin in the BSC network that rewards holders. 🍸 + +&#x200B; + +**CA:** 0x10F292A6e694C38C5d570127da445143a2d882f3 + +&#x200B; + +✅ Announcing major Twitter Influencer Ambassadorships (1 million + following, and 700k + following) + +✅ Celebrity Appearances during AMA's - Actors from Breaking Bad, Legendary DJ, NFL Players, and more! + +✅ ACTIVE Dev Team and Marketing Team with frequent meet and greets + +✅ Experienced team from TIKI + +&#x200B; + +&#x200B; + +**$COCKTAIL of Rewards:** + +&#x200B; + +➡️ Choose Your Rewards Options: SAFEMOON, wBTC, wETH, wADA, XLM, MATIC, LINK, BNB, BUSD, CAKE, DOG, COCKTAIL + +➡️ Cocktail Lounge Rewards Dashboard: [https://lounge.cocktailbsc.io/](https://lounge.cocktailbsc.io/) + +&#x200B; + +&#x200B; + +**$COCKTAIL of Features:** + +&#x200B; + +➡️ Hourly AUTOMATIC reward payments airdropped to your wallet in the token of your choice + +➡️ Revolutionary REWARDS-MULTIPLIER so the more you PROMOTE, the more you get PAID (join Discord for more details) + +➡️ BUY-BACK WHALE 🐳 THAT TRIGGERS 🎉 PARTY TIME 🥳 + +&#x200B; + +&#x200B; + + **TOKENOMICS:** + +➡️ 1,000,000,000 Total Supply + +\-Tax 15% on all Buys & Sells + +➡️ -9% is redistributed as rewards to holders + +➡️ -3% used to fuel 🎉 PARTY TIME 🥳 Buyback 🐳 + +➡️ -3% used for liquidity + +&#x200B; + +**Official Links:** + +Website: [https://cocktailbsc.io/](https://cocktailbsc.io/) + +Twitter: [https://twitter.com/bsccocktail](https://twitter.com/bsccocktail) + +Official Telegram: [https://t.me/CocktailLounge](https://t.me/CocktailLounge) + +Discord: [https://discord.gg/fM3AZbvJ](https://discord.gg/fM3AZbvJ) + +Instagram: [https://www.instagram.com/cocktailbsc/](https://www.instagram.com/cocktailbsc/) + +Youtube: [https://www.youtube.com/channel/UCZux1Ggu15FbBvTHEYE\_b1Q](https://www.youtube.com/channel/UCZux1Ggu15FbBvTHEYE_b1Q) + +&#x200B; + + Let’s make this drink last so that we get rewarded for holding $COCKTAIL. Or better yet, let’s order another one. We all know 2 Cocktails are better than 1. At this pace we will have so many Cocktails that we will go to sleep, and wake up in the sky. You don’t want to miss this coin. Tell all your buddies to join us, and don’t forget to RSVP for this very important Cocktail party. 🍹 + +&#x200B; + +P.S. Don’t forget to tip the bartender. +As many of you, I love seeing lit up buildings or google activity data from our SHF Citadel. Quick upfront: Europoor Ape who likes to make memes, works in emerging technology and studied Philosophy. + +One thing I took away from university is the principle of bottom-up / top-down analysis. If done properly and emotionless, it gives a very clear image of a situation, no matter what opinions, pre-determinations or majority consensus thinks about a situation. So I thought, let's do this together. If you know something to add to the what we know section, we can come up with neutral assumptions. + +&#x200B; + +**What we know:** + +\- GME is a highly shorted stock which made the original shorting thesis of bankrupcy obsolete by raising capital and changing their direction and management team + +\- Assumptions point to a high probability situation in which the stock is multiple times over shorted + +\- Retail is overwhelmingly bullish on GME to a point where price discovery seems to not line up with buying pressure + +\- Citadel is a Market Maker and facilitates almost all retail trades for $GME + +\- Citadel is not a neutral entity: They oppose a bull theory and have gone short a long time ago + +\- Citadel pays various Neo-brokers to gain insights on retail activity, BEFORE they get executed + +\- Citadel is a leader in high frequency trading and essentially built programs that print money on arbitrage in the best case and blatant market manipulation in all others + +\- It has been known that various online platforms and MSM are used as datapoints to create technical analysis "patterns" and front run retail and leave them as the bag holders while profiting from the expected response to the action their HFT bots create + +\- Citadel is much more active with more people present in the office at any given moment than usually + they know we know this + +\- This tactic is USELESS in the example of GME: Buying and Holding a stock, no matter how many traditional sell signals there are, breaks their entire system. Sure, they can drop the price but if nobody to very few execute at these numbers, their gain might be less than their electricity cost + +\- Like it or not: Some of the smartest developers and mathematicians work for Citadel in order to perfect the gold shitting goose that HFT + Retail Manipulation and the ownership of the entire chain of transactions + the rights to naked shorting, is + +\- Our Forum is PUBLIC, now it should stay that way but it comes with benefits and risks: Open flow of information is our secret weapon and Achilles heel: We are way past the stage in which some guys scrape the forum and input some numbers, we got machine learning algos doing that a thousand times a second. + +&#x200B; + +**Ok now lets try to make some assumptions and then prepare for various results:** + +\- Citadels HFT Bots are probably useless and need to be updated + +\- Citadel is well aware of all the information on reddit and twitter readily available to be read by scraping programs and could use this to re-write their algos + +\- Superstonk is a lost cause for them, sure they can try to create dilution of information by having bots spam negative messages but we are basically the die hard GME fanclub and whatever you do, you will not be able to change the opinion of hooligans and ultras' towards their favourite football team + +\- Reddit is much, MUCH more than just Superstonk. And the internet is MUCH more than reddit. There is plenty of narrative and unknowing people to control. + +\- They used to do that, to the point where they basically mock us by putting up their logo in multiple screens on MSM + +&#x200B; + +**Now what could results and motivations of these actions be?** + +\- By playing a long game of controlling our emotions, they want us to feel angry and hateful towards their manipulative behaviour, mentally and financial market-ly + +\- Mainstream is so far on our side but scapegoating isn't a tactic for good will, its a tactic because it used to work, a lot. Human psyche does not change fast, we are very close to our versions 400 years ago. It could work again + +\- Activity at Citadel suggests that they A) lobby for rescue at various parties B) update their bots to counteract our actions by not simply lowering the price but actually giving us mental "floors" only to then break them, multiple times over. Posts suggesting that holding makes people tired is not a direct shill attack, its the result of their indirect attack. We need to be there for our community members feeling stress and anxiety from this insane situation. + +&#x200B; + +**So what can we do about it?** + +**- Detach ourselves emotionally** + +**- Take away any focus or eyes from mainstream media. They win every time we post something about Cramer or Fox News** + +**- Don't make this political** + +**- Don't expect any dates or outcome other than what's certain** + +**- Be above the enemy. If he slaps you on one cheek, you turn the other. If slapping doesn't hurt you, it will break the enemy in the long run** + +**- This is not a game of time: this is a game of persistence** + +&#x200B; + +&#x200B; + +As always: Buy, Hold, be patient + +Please feel free to add anything you think others could find useful to make their own assumptions in the comments. +[link](https://www.cnbc.com/2020/12/20/mcconnell-says-congress-has-agreed-to-900-billion-coronavirus-stimulus-deal.html?utm_content=Main&utm_medium=Social&utm_source=Facebook&fbclid=IwAR2uRFFTS_C1F32Pn2swO-ha4pde1W0MUJWq8RZywN_54slLZ-vuG98R7no#Echobox=1608504254) + +KEY POINTS +Congress reached a deal Sunday on a $900 billion coronavirus relief package, according to Senate Majority Leader Mitch McConnell. +Lawmakers will move to vote on the proposal, along with a full-year government spending bill, as soon as Sunday night. +Millions of Americans have awaited aid for months as Congress failed to agree on another plan to boost a health-care system and economy buckling under the weight of the pandemic. + +Congress reached a deal Sunday on a $900 billion coronavirus relief package, a long-delayed effort to boost an American health-care system and economy buckling under the weight of the pandemic. + +Senate Majority Leader Mitch McConnell, R-Ky., announced the agreement on a pandemic aid and full-year government spending bill. He did not delve into many details. Congressional leaders have not yet released text of the more than $2 trillion legislation, which they hope to pass in the coming hours. + +The agreement follows months of sniping on Capitol Hill over how best to fight a once-in-a-century crisis. A new round of aid cannot come soon enough for the millions of Americans who have tried to scrape together enough money to afford food and housing. + +The $900 billion coronavirus relief plan under negotiation on Capitol Hill was set to include direct payments of $600 to many adults. Some families were also expected to get $600 per child. + +The proposal was set to put at least $300 billion into small business assistance including Paycheck Protection Program loans. It would also add a $300 federal unemployment supplement and temporarily keep in place pandemic-era programs that expanded unemployment insurance eligibility. + +If those provisions expire the day after Christmas, 12 million people will lose unemployment benefits. + +The measure was also set to put critical funding into the distribution of the two FDA-approved Covid-19 vaccines. Health-care workers and top government officials have started to receive shots, and widespread inoculation in the coming months will help the world to emerge from the pandemic’s shadow. + +The rescue package was also set to send relief to hospitals, many of which have struggled to keep up with a flood of Covid-19 patients. It was also expected to put new money into education and transportation. + +As lawmakers finally reach a deal, the help comes too late for the nearly 8 million people estimated to have fallen into poverty since June. Many in Congress say the proposal will not go nearly far enough to address the scope of the health and economic crisis. + +Progressives and some Republicans have pushed for larger direct payments and retroactive federal unemployment payments. A $600 weekly supplement that buoyed millions of jobless Americans in the early months of the pandemic expired over the summer, and it took Congress months to agree to reinstate it. +It is day THREE of this GEM - catch the MONSTER buybacks when the vault is activated! + +The dev team from ROOTKIT on Eth, led by Professor Ponzo, found a way to utilize the locked liquidity from underneath a price floor to benefit holders. Liquidity is injected to buy back again and again, and recycle value. + +This token is designed for buy and hold, so there is a tax on sales and basically no tax on buyers. It can be bought on PancakeSwap V2, with 0.5%-1% slippage to buy. Sell slippage resets to 15% when a buyback occurs to prevent dumping, then gradually falls to around 7% over the course of 5 days. + +These tokenomics mean that the token is designed to ALWAYS GO UP with a very stable price. You can look at the chart and see that there has not been the typical huge pump and crash seen in many BSC tokens. Strategic buybacks are used to kill dips, increase upward momentum, and create a price floor that is always rising. + +The most exciting part is that the dev team has a plan to construct an entire upToken ecosystem, with ROOT as the governance token and upBNB as the hub token of future BSC upTokens. + +Initial liquidity was raised though an MGE. Original holders got in around $1 and current price is about $3.70, so there are not a ton of people who have made 100x trying to get out. The largest individual holder has 1.6% and there are no huge whales. This is an awesome project with an amazing team and fantastic community. + +Huge crypto influencers are already in on it, including: + +Pentoshi - https://twitter.com/Pentosh1/status/1387112573116502020 + +CryptoGodJon - https://twitter.com/CryptoGodJohn/status/1387233042582757382 + +ImNotTheWolf - https://twitter.com/ImNotTheWolf/status/1387247565926662153 + +ROOT did a 25x. upBNB is a more efficient version with 10x the amount of holders (4500+). It is hitting ALL TIME HIGHS today and should only go up from here. + +👉 Contract: 0x9c3bbff333f4aeab60b3c060607b7c505ff30c82 + +👉 Chart: https://dex.guru/token/0x9c3bbff333f4aeab60b3c060607b7c505ff30c82-bsc + +👉 CoinGecko: https://www.coingecko.com/en/coins/upbnb + +👉 Telegram: https://t.me/rootkitfinance + +👉 Medium: https://rootkitfinance.medium.com + +👉 Twitter: https://twitter.com/rootkitfinance + +👉 Team site: https://rootkit.finance + +👉 More info on revolutionary tokenomics: + +https://rootkit.trydiscourse.com/t/the-apes-guide-to-rootkit-finance/13 + +https://rootkitfinance.medium.com/introducing-upbnb-137412cae72 + +https://rootkitfinance.medium.com/the-power-of-a-price-floor-86fa74b59bd1 + +https://rootkitfinance.medium.com/developing-the-uponly-ecosystem-4a538f121b8c + +tl; dr: It goes up. This is not financial advice. Do your own research or stop by the telegram to learn more. +Fund management must take some blame for lack of UK startup tech entrepreneurs (according to one of the biggest UK tech investors James Anderson) + how innovation is being harmed even in large companies. UK doesn't understand Tech as well as our US cousins? [https://youtu.be/lKxzUl\_pFbo](https://youtu.be/lKxzUl_pFbo) + +What do you think? Keen to hear from the home turf. +I’ve found that doing DD on UK companies is sometimes a bit more difficult in comparison to US companies. Even just finding out how much they pay in dividends and finding their previous yields and payments is sometimes a lot trickier. + +Keen to see what you all have to say. +Hi all, + +&#x200B; + +At the weekend I went on a lovely vineyard tour and tasting in Wales (yes, vineyards in Wales!) and the whole concept piqued my interest. + +&#x200B; + +The number of UK vineyards is growing quite considerably, partly fuelled by climate change creating more favourable growing conditions in the UK and elsewhere (interesting [FT article](https://on.ft.com/3f6Vugt) on the broader agricultural impacts). It is also tipping traditional wine-growing areas such as Bordeaux into climates that are unsuitably hot for wine growing. According to the Welsh vineyard owner lots of these French wine firms are now scrambling for suitable sites further north in Brittany and even in the UK. + +&#x200B; + +I'm no expert, but UK wine seems to be growing in prominence and has an increasing number of respect and award winning wines. That said, I'm mindful that sometimes these 'awards' are given out firms that are created solely for that purpose and they don't always indicate great quality. + +&#x200B; + +I also wonder whether post-Brexit there may be a greater market for domestic consumption of UK wine, and additional emphasis from govt and industry to drive exports. Within the UK market there are also ecological/green arguments for sourcing 'local' wine versus imports. + +&#x200B; + +Does anyone have any exposure to UK wine growers or related industries? Or any thoughts on whether there is an investment opportunity here? + +&#x200B; + +Thanks! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Follow the golden rule. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- Serious discussion on other cryptocurrencies should be referred to the /r/CryptoCurrency discussion thread. [See here](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/). +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. [See here](https://www.reddit.com/r/CryptoMarkets/comments/65n8z6/monthly_trollbox_thread_15apr2017/). + +*** + +Thank you in advance for your participation. Enjoy! + +I don't know what all of these are exactly but I wanna get it figured out. I have a 401k and I noticed my employee has the option for a roth 401k and I want to know if I should take advantage of that. I've been meaning to open a Roth IRA regardless. Does it matter where I open it? I already have a Schwab account should I just do it there? Once I open an IRA account how do I know how to set up my investments? Is it something I can figure out? It seems confusing. + +Again I have no idea what mutual funds, IRAs, index funds, etc are. Any input is appreciated. Thanks. + +Edit. So many replies. I'm going to wait till Sunday to read everything so I have time to fully research. I GREATLY appreciate all the feedback. I love you all. +As many of you are aware, /r/wallstreetbets has undergone some changes on the mod list over the last couple of days. According to reddit, the top mods of the community were removed for violating rule 5 of the moderator guidelines, which is: "healthy communities have moderators who are around to answer questions of their community and engage with the admins." The attempt of the top mods to remove all of us and censor you failed, thanks to the actions of the reddit admins. We are grateful to everyone in the community who stood up for us. + +Unfortunately, /u/zjz will also not be allowed to come back to moderate the subreddit. This is a decision made by reddit, not us, due to the instability that was created by his last post on the subreddit. We know the respect that you all have for him, each one of us mods has that respect for him too. The hard work and time that /u/zjz put into the subreddit cannot be replaced, but we will try our best to keep the subreddit up to his lofty standards and our high expectations. + +Moving forward, we are working harder than ever and we need your help. Since /u/zjz ran all of our bots and was also the most active mod, there is a massive void left by his absence. If anyone has the desire to code a new bot for us and/or the time to moderate, as well as the experience on WSB (at least one year), we would appreciate your help. + +Do not harass any former moderators. We need to move on from this and put it behind us all. This is the best community on reddit, let's keep it that way. + +[Proof](https://i.imgur.com/gBFWFVm). +We recently went through a medical fire drill when a relative injured themselves while traveling through a small town far from home. + +The ER did some imaging and diagnosed a fractured bone, but needed further imaging with equipment that they didn’t have to determine treatment options. We wanted to transfer them to a world class hospital near home via air ambulance, but learned that this is only possible if a physician at the receiving hospital agrees to this. The physician denied the transfer because there was not a clear need for surgical intervention, but said they will accept the patient if they arrive on their own. + +After calling around several private ambulance / air ambulance companies, we learned that transferring from one hospital to another is not a service they could provide without that physician sign off, even if we paid out of pocket on the spot. As a result, the relative ended up needing to make the 10 hour drive to the home hospital in the back of a regular vehicle, with the fracture. The experience was frustrating because it felt like it should be possible to throw money at the problem, but in the end we couldn’t figure out how. + +Does anyone have advice on how to prepare for such emergencies in the future? The goal is to have confidence that when a family member gets injured, we can safely and quickly get them to our home hospital or another world class hospital. + +Edit: it was a hip fracture +Hi All, + +following crosspost from r/spielstopp (German sub) -> + +&#x200B; + +[Trade Republic offers voting](https://www.reddit.com/r/Spielstopp/comments/nh24t9/tr_affen_k%C3%B6nnen_w%C3%A4hlen/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Please, if you\`re using Trade republic go get your material from them and cast your vote! + + +I'd appreciate it, if you could upvote for visibility! +This is so great :) +DRS locked now around 90 million from 150 million of free float. They shorted OFFICIALLY 55 million based on sources we know. DO SIMPLE MATHS AND YOU COME TO THE POINT THAT THEY ARE AS FCKED AS JANUARY. WE NEED TO SHOW DOMINANCE AND NOT ALLOW THEM TO DO WHAT THEY WANT!! DRS now to end this circus sh*t show. + + +Look how they treat us, like conspiracy theorist, stupid people, a "cult", the big media is lying to you and Citadel and co look at us as their product. +WE ARE MORE, WE ARE THE GUYS WHO DECIDE WHEN WE STOP THE MUSIC, earlier or later they need to accept it. + + THEY STEAL OUR MONEY AND LAUGH ABOUT US. +If a guy in reallife steals 100 Euro of you, and you catch him, you beat the sh*t out of him. They try steal ALL your savings. WAKE UP GUYS!!! THE TIME TO ACT IS NOW!!!! + +If you want to become RICH, YOU NEED TO WORK!!! +DRS THE FASTER, THE FASTER YOU CAN BUY YOUR DIRTY LAMBO + +They have no other option than to keep shorting our stonk... TOGETHER WE ARE STRONG!!!! DRS IS WORKING. DO NOT SLOW DOWN RIGHT BEFORE VICTORY. INCREASE THE SPEED, SHOW THEM NO WEAKNESS!!!! + +Edit: let's hope for a big last short attack that we can DRS the free float faster and short squeeze after. +The hedgies became smarter and didn't dropped the price massive down lately because they don't want us to DRS faster +Community voted and now the new **minimum holding amount to participate in the lottery forever is just 50 KILI.** + +Just buy 50 KILI and participate in the biggest BSC lottery! Today's pot is already \~5800 USD and every day the post will start with a base of \~1500 USD. + +**Join the telegram:** [**https://t.me/kilimanjaro\_community**](https://t.me/kilimanjaro_community) + +**Check the website:** [**https://kilimanjaro.finance**](https://kilimanjaro.finance/) + +**💵 BUY ON PANCAKE SWAP:** + +[**https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8**](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8) + +**\*** Set slippage to 6% + +**🔒🔒 COMPLETELY SECURE 🔒🔒:** + +* [Audit by Solidity Shield](https://kilimanjaro.finance/documentation/audit.pdf) +* [Liquidity Locked by Unicrypt](https://unicrypt.network/amm/pancake/pair/0x6d38bc32c9bc4b3193f13ee03cee739a3edd3aea) +* [Dev and Marketing tokens locked by team.finance](https://team.finance/view-coin/0x865d0c78d08BD6e5f0db6BCbF36d3F8EB4ad48F8?name=KilimanjaroToken&symbol=KILI) + +================================================= + +**HOW $KILI WORKS?** + +Aggressive lottery token that applies a **5% tax to each transaction**. + +* 2.5% is automatically burned 🔥🔥🔥 +* 2.5% goes into the lottery pool. + +The lottery is **automatically** **triggered every day** directly by contract and selects **three holders**. If the amount of $KILI tokens that the winner holds surpasses the reward received, they get the full reward. If not, the holder only gets 50% of the reward and the other 50% is burned! + +**The funds are automatically sent to your wallet.** + +To **participate in the daily lottery**, you **only need to buy and hold 50 KILI**. Once you've done that, you'll participate in the lottery as long as you don't sell. +Defi is replacing traditional financing, in this use-case, film financing. + +website: [VooDooBikerGang.com](https://voodoobikergang.com/) + +Actors cast in the movie will promote the movie AND the token! + +Token address: + +0x2E86A090050Ea7B36d55963E194F893cCc173fD7 + +"movie budget" wallet instead of a dev wallet funds the movie + +Tokenomics: 10% transaction tax, 5% back to holders, 4% towards liquidity, 1% back to next movie! + +Action-horror film 'Voo Doo Biker Gangs' will be the first movie of a trilogy, and as the MC grows, more films will be made. This utility case token, with dev's 25 year Hollywood career, can become a virtual movie studio worth billions. By reducing middle men, films are shot less expensively and distributed immediately on Netflix, Amazon Prime, HBOmax, Hulu, and Apple TV. (Stevie Long, the dev, has had movies and shows on all of these streamers, and after the covid shutdown, streamers are all begging for new movies to compete with one another) + +Doxxed dev: Stevie Long (writer/producer/dev) + +The token owns the IP (intellectual property) of each film/franchise, which it then sells directly or licenses to show on a streamer. Profits from the film are put back into the token via lump purchases! + +Tired of rugs? I am the doxxed dev! Look me up on google, [imdb.com](https://imdb.com/), or read my reddit history! + +Dev is ALWAYS in the TG answering questions: [https://t.me/VooDooBikerGang](https://t.me/VooDooBikerGang) + +COIN GECKO LISTING ANY DAY + +Bags will grow quickly as the MC moons, as the bull market coincides with our production schedule! CASTING NOW so the actors will be promoting soon and when cameras roll, even more real-world promotion! + +And of course, feel free to join us on the movie set! +Many believe DogeBonk will be BinanceSmartChain's answer to Shiba: a memecoin with actual memes on a network where sending a transaction does not cost 50 dollars. DogeBonk's success is not sown from bots or fake promises, but by the community and the memes. Thousands have joined this community, developing a strong sense of belonging between like-minded members, most of whom have gone from investing in fundamentals, to accepting our crazy clownworld and investing in FUNdamentals. This whole movement spawned from a dead dog token someone found with locked liquidity, renounced contract and Safemoon tokenomics, which makes for a very comfortable hold that rewards those who hold.ed. The recent correction presents a unique opportunity for you to get in before the next take off or the news below comes to fruition. + +Many believe DogeBonk will be BinanceSmartChain's answer to Shiba: a memecoin with actual memes on a network where sending a transaction does not cost 50 dollars. DogeBonk's success is not sown from bots or fake promises, but by the community and the memes. Thousands have joined this community, developing a strong sense of belonging between like-minded members, most of whom have gone from investing in fundamentals, to accepting our crazy clownworld and investing in FUNdamentals. This whole movement spawned from a dead dog token someone found with locked liquidity, renounced contract and Safemoon tokenomics, which makes for a very confortable hold that rewards those who hold. + +Someone in the group started keeping track of the growth of Dogebonk, and it has already grown from 14k holders to 21k holders in the last week and from just 50 community members to over 3500 telegram members and 3000 members of our subreddit! The memes and energy flowing in this community is unheard of. Just explore the memes on the website or search DogeBonk on Twitter. DogeBonk is the most memeable project in the crypto space since DOGE. + +# Bonkenomics: + +* 10% tax on all transactions: +* 5% are distributed to fellow DOBO holders, +* 5% are added to liquidity to create an ever rising price floor. +* \->token with deflationary properties and automatic yield generation. (Burn wallet is receiving \~1% of all transactions FORTY% burned so far) +* There was no presale and to prevent bots from sniping the token, you can only buy/sell 0.5% of the total supply at the time 🎯 + +# Dogebonk Safu: + +* Liquidity was locked forever by burning all LP tokens 🔥 +* Ownership of the contract was renounced. +* See proof on our website. +* Contract is was certified audited (link below). +* Top holder owns only 1.9% of the supply. +* As microcap gems go, it’s an unruggable beauty. + +&#x200B; + +# Confirmed News: + +* Tiktok influencers are being looked at and currently negotiated. +* We have a large US billboard campaign event which will generate a lot ton of content. +* The marketing team is starting a twitch campaign that will generate huge viewership. +* We have a web redesign of the website planned by the same company that made the bitcoin website. +* Devs are based and created a MEMEcoin generator. +* Ongoing partnership with Rubic! +* Recently completed their AUDIT REPORT! + +&#x200B; + +# Information: + +Telegram: [https://t.me/dogebonk\_community](https://t.me/dogebonk_community) + +Website: [https://dogebonk.com](https://dogebonk.com) 🌐 + +Buy on bonkswap: [www.bonkswap.com](https://www.bonkswap.com) + +Whitepaper: [https://dogebonk.com/whitepaper.pdf](https://dogebonk.com/whitepaper.pdf) + +Contract: 0xae2df9f730c54400934c06a17462c41c08a06ed8 📝 + +Buy on PancakeSwap: [https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8](https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8) 🍰 + +How to buy: [https://dogebonk.com/#howtobuy](https://dogebonk.com/#howtobuy) 📖 + +Solidity Audit: [https://solidity.finance/audits/DogeBonk/](https://solidity.finance/audits/DogeBonk/) +I'm considering reading this book but I'm reluctant due to the controversial chapter on climate change, so my questions ostensibly consist of are the practicalities of geoengineering over carbon capping preferable from an empirical standpoint. What are your thoughts on the chapter and a book as a whole? +I’ve only really ever watched Economics Explained and a couple channels that don’t rlly specify in economics, but briefly touch on economic subjects. But I’d like to diversify that, because I feel like I learn best via video lecture or video essay formats. + +I’m an econ major, and I’d like to learn more about microeconomics, specifically stuff like consulting, analytics, or just anything that’s useful for someone planning to go into the private side of economics. However, I’m definitely not opposed to learning about macro subjects as well, so feel free to recommend either! +Hello + + +The neutral rate of interest consistent with full employment seems to have fallen significantly over time since the 1980's. I was wondering what the main factors for this change were. +Hi Everyone, + +Just want to take a moment to say thank you to this sub for educating me so much over the past couple of years in my own journey to FI. So many of you have been a tremendous help. + +I’ve been through 2 big downturns (2001 and 2008). My advice is to stay the course through this. We’ve all been saying that we would, but the rubber is meeting the road now and we’re all going to be tested. In my opinion, this is likely to get worse which as you all know gives us a buying opportunity. It has the same feelings the other ones had in terms of fear. Anyway, I wish you all the best. Just remember that the market always recovers in time, + +I’ll leave you with this from our good ol’ buddy JIm Collins. + +https://www.youtube.com/watch?v=OOGU94eL07E + +EDIT: Thanks for the awards! +Hi folks! I am trying to buy my first rental property in Texas. When running the numbers regardless of what I do I get negative cash flow. Unless I do a high amount of downpayment. The best case numbers scenario I have seen is at the end of each year equity is higher than initial investment + negative cash flow. + +Example +Townhome for 190k, +1055sq ft. Rent would be around ~1100 +Calculating 5% vacancy for expense +500/yr for random expenses +HOA is 100/Mo +Calculating Interest at 5% +I start house hacking this month in a home I plan to turn into a rental so I’m trying to get my systems in place now. + +Say you set aside $200 per property each month to save for capital expenditures or even basic maintenance. What would you do with this money so that you beat inflation, have access to it when you need it and have relatively good risk/return profile considering it’s purpose? + +It seems like most people use a high-yield savings account, but I feel like this leaves too much money on the table. I had the thought of investing this money into stocks, with a cash buffer for the first few years until the stock portfolio could pay for most capex costs even after a downturn, leaving the cash in the bank but no longer contributing more to the pile of cash. Obviously there’s more risk here, but it sort of mimics an HSA account, though the withdrawals would be taxed. + +I wanted to know what people thought of this idea, and what you do yourselves +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[Daily Discussions](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22&sort=hot) | [DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot) | [Possible DD](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot +) | [Discussion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&sort=hot) | [Question](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22&sort=hot) | [Education & Data](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&sort=hot) | [News & Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&sort=hot) | [MEGA Thread](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22&sort=hot) | [Social Media](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&sort=hot) | [HODL](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) | [Meme](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22&sort=hot) | [Fluff](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&sort=hot +) | [Opinion](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22&sort=hot +) | [Shitpost](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22&sort=hot) | [Art & Writing](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22&sort=hot) | [Stonky Pets](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22&sort=hot +) | [Daily News](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Daily%20News%20%F0%9F%A6%8D%F0%9F%92%8E%F0%9F%99%8C%F0%9F%9A%80%22&sort=hot) | [SuperstonkBot](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22&sort=hot) | [AMA](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1&sort=hot) | +| [Moderator](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22&sort=hot +) | [Red Seal of Stonkiness](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot) + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +The Options Clearing Corporation (OCC) \[[Wikipedia](https://en.wikipedia.org/wiki/Options_Clearing_Corporation)\] has filed two proposals with the SEC screaming for help and more liquidity (meaning *money*). Wall St wants Main St to bag hold their degenerate gambling losses *again*! These proposals are now in their **FINAL DAYS** for comments using the SEC website. Get your comments in ~~by~~ **~~Aug 10~~**! **The web forms to** [submit comments](https://www.sec.gov/rules/sro/occ-an.htm) **are still open!** + +**Proposal #1:** [**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/) + +**TADR:** OCC needs money to pay off Clearing Member gambling debts with pension and insurance money as an alternative to selling Clearing Member collateral. Actual quotes from OCC's proposal: + +>"In the event of a Clearing Member default, OCC would be obligated to make payments, on time, related to that member's clear transactions. ... **OCC now believes that it should seek to expand its liquidity facility to increase OCC's access to cash to manage a member default.**" +> +>"OCC would only enter into confirmations with an institutional investor that is *not* a Clearing Member or affiliated bank, such as **pension funds** or **insurance companies**, in order to allow OCC **to access stable and reliable sources of funding**..." +> +>"\[T\]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**." + +Let me be very clear about this proposal: ***As an alternative to selling Clearing Member collateral*** **to manage a member default, the OCC wants more access to cash from pension funds and insurance companies**. + +*Does that sound right to you?* Politely tell the SEC your thoughts on this: + +1. Go here: [SEC's page on OCC proposals](https://www.sec.gov/rules/sro/occ-an.htm) +2. Under [SR-OCC-2022-803](https://www.sec.gov/rules/sro/occ-an.htm#SR-OCC-2022-803) is a row for [34-95327](https://www.sec.gov/rules/sro/occ-an/2022/34-95327.pdf). The Details box to the right of that has a bullet with a link to **Submit Comments on SR-OCC-2022-803**. +3. Don't know what to write? [Check out what other apes have submitted](https://www.sec.gov/comments/sr-occ-2022-803/srocc2022803.htm). u/appleflaxen has a [draft outline](https://www.reddit.com/r/Superstonk/comments/w7zy4c/comment/ihnf9p7/?utm_source=share&utm_medium=web2x&context=3). Another draft [here](https://www.reddit.com/r/Superstonk/comments/wd0iw4/comment/iifso2s/?utm_source=share&utm_medium=web2x&context=3). Another draft [here in comment below](https://www.reddit.com/r/Superstonk/comments/wkfgbu/comment/ijncfaa/?utm_source=share&utm_medium=web2x&context=3) from [u/undernutbutthut](https://www.reddit.com/user/undernutbutthut/). + +**Proposal #2:** [**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/) + +**TADR:** In order to pay off Clearing Member gambling debts, OCC wants lopsided contracts to force others into giving them money fast (*within 60 minutes*) where everyone also just agrees that nobody defaults. + +>"The buyer would be **obligated** to enter into transactions under the MRA up to its committed amount **so long as no default had occurred** and OCC transferred sufficient Eligible Securities. The buyer would be **obligated to enter into transactions even if OCC had experienced a material adverse change, such as the failure of a Clearing Member**." +> +>"Funding mechanics would be targeted so that OCC would receive the Purchase Price in **immediately available funds within 60 minutes of its request for funds** and delivery of Eligible Securities and, if needed, prior to OCC's regular daily settlement time. These targeted funding mechanics would **allow OCC to receive needed liquidity** in time to satisfy settlement obligations, **even in the event of a default by a Clearing Member** or a market disruption." +> +>"OCC would require that the MRA not contain any additional events of default that would restrict OCC's access to funding. Most importantly, OCC would require that **it would not be an event of default if OCC suffers a "material adverse change**."" + +OCC wants everyone to agree there's no default even if the OCC suffers a *material adverse change*, such as the failure of a Clearing Member. + +*Does that sound right to you?* While the OCC has no interest in asking for your comments, you can still politely tell the SEC your thoughts on this proposal: + +1. Go here: [SEC's page on OCC proposals](https://www.sec.gov/rules/sro/occ-an.htm) +2. Under [SR-OCC-2022-802](https://www.sec.gov/rules/sro/occ-an.htm#SR-OCC-2022-802) is a row for [34-95326](https://www.sec.gov/rules/sro/occ-an/2022/34-95326.pdf). The Details box to the right of that has a bullet with a link to **Submit Comments on SR-OCC-2022-802**. +3. Don't know what to write? [Check out what other apes have submitted](https://www.sec.gov/comments/sr-occ-2022-802/srocc2022802.htm). Draft [here in comment below](https://www.reddit.com/r/Superstonk/comments/wkfgbu/comment/ijnf02t/?utm_source=share&utm_medium=web2x&context=3) from [u/undernutbutthut](https://www.reddit.com/user/undernutbutthut/). + +EDIT 1: Add link to templates. Thank you [u/undernutbutthut](https://www.reddit.com/user/undernutbutthut/)! + +EDIT 2: Updated text as u/whiskeybets pointed out the SEC web form deadline is tomorrow. After the web form closes, you'll have to submit comments by email and postal mail. Per an [interview with Dave Lauer and Lisa Braganca](https://www.reddit.com/r/Superstonk/comments/t8rlnn/transcript_dave_lauer_lisa_braganca_interview_re/) ([whiskeybets' to comment below](https://www.reddit.com/r/Superstonk/comments/wkfgbu/comment/ijo8nhu/?utm_source=share&utm_medium=web2x&context=3)): + +>You're not too Smooth to write to the SEC. Dave Lauer & Lisa Braganca BOTH confirm, from personal experience, that the SEC and other government agencies are legally required to actually read EVERY SINGLE COMMENT LETTER submitted. This is because of the Administrative Procedures Act would open them up to LAWSUITS for not addressing public comments, and rules can be overturned. They also confirmed that, while submitting a template comment letter can have an impact, WRITING YOUR OWN COMMENT LETTER IS FAR MORE POWERFUL than using a template. +> +>Not everyone is great at writing, thats ok. The [urvin.finance/advocacy](http://urvin.finance/advocacy) link is one big tutorial for how to write comment letters. Not everyone has time for this. Thats ok too, after comment periods close, the SEC has to read through all of the documentation anyway so you can still submit letters via email. “\[Industries\] have an army of lobbyists. So the only thing that can fight that is an army of individual investors.” +> +>LISA CONFIRMED COMMENTS CAN STILL BE SUBMITTED VIA EMAIL OR POST MAIL. THE DATE IT CLOSES ONLINE IS NOT AN OFFICIAL COMMENT CUTOFF DATE and comments will be read for weeks after Aug 10th. They will read emails they recieve after the 10th. . +> +>Sauce: +> +>Dave Lauer and Lisa Braganca - SEC Comment Letter Overview & How-To: [https://vimeo.com/683960170](https://vimeo.com/683960170) +> +>Summary of the Administrative Procedure Act (APA) [https://www.epa.gov/laws-regulations/summary-administrative-procedure-act](https://www.epa.gov/laws-regulations/summary-administrative-procedure-act) +> +>PDF of Administrative Procedure Act [https://www.justice.gov/sites/default/files/jmd/legacy/2014/05/01/act-pl79-404.pdf](https://www.justice.gov/sites/default/files/jmd/legacy/2014/05/01/act-pl79-404.pdf) +> +>Everything You Need to Know About the DOL Fiduciary Rule [https://www.investopedia.com/updates/dol-fiduciary-rule/](https://www.investopedia.com/updates/dol-fiduciary-rule/) + +EDIT 3: Web forms to [submit comments](https://www.sec.gov/rules/sro/occ-an.htm) are still open! +[Supply agreement with multinational cannabis company.](https://www.proactiveinvestors.com/companies/news/940463/pharmadrug-inks-supply-agreement-with-a-canadian-based-multinational-cannabis-company-for-eu-gmp-certified-medical-cannabis-940463.html) + +Seems like supply has been a big factor in holding the company back, but licensed ready to go supply for sale in the Germany could be big! + +I’ve seen a couple people who have positions here. How we all feeling? +Update: Thanks u/al-in-to for the wise suggestion. You can follow my journey at https://latecycle.com + +http://imgur.com/a/UmoRnfZ + +Leveraged: 150k (100k margin @ 4.1%, loan 20k @ 5.5%, loan 30k @ 7%) +Invested: 100k TFSA, 50k regular account, 196k margin + +Plan: Ride out the next five years come hell or high water, re-investing every penny. Unless there’s a sharp increase in interest rates, I plan to stay leveraged for at least five years. + +Detailed Plan: All accounts are set to pay dividends in cash, not drip. I am only looking at my stocks twice per year (end of June, end of December) and at that point will re-evaluate and re-invest. I will also be investing an additional 20-30k from salary/other income. At current yields, I am estimating $25000 cash payout year one (minus cost of borrowing, which is about 6k). This assumes no dividends are cut or reduced, which could happen. + +Assuming they aren’t cut, I’ll take the $20,000 in distributions (after margin interest), $20,000 income, and re-invest $40,000 per year in dividends yielding minimum 7%. This can be a combination of high and low yielding, but the average must work out to at least 7%. I work a stable government job with a defined pension, 30 years old, and playing the long game - don’t plan to sell any stocks unless they stop paying or drastically reduce dividends. + +Feel free to follow my journey to glory or bankruptcy. +I’ve seen a lot of “Yay I paid off my debt” posts here and just wanted to add in my experience. + +Paying it off is a massive success - be proud of yourself, youve worked hard to get to this point! But the biggest challenge is actually breaking the habits that set you down that path in the first place. + +It took me years to pay off my credit card, then the balance grew and then it took me several months to pay off but then it grew again... It started with a few purchases that were over budget combined with an “I’ve got all this extra money now” attitude and then suddenly my balance was more than I could pay off with my pay check - it was a slippery slope back to square one. + +If you are working towards your goal, make sure you set new goals when you achieve them. Paying off debt is fantastic, but keep the momentum going and avoid the same pitfalls that may have brought you there in the first place. + +I hope this helps someone out there and encourages those that might be in the same cycle I have been in! + +Disclaimer - Obviously this doesn’t apply to unforeseen circumstances (one day maybe we will all have emergency funds) but rather the change in attitude of not being “poor” and having money again. +I became ill in the autumn last year - I won't go into the illness itself because I'd rather not discuss the medical aspects - but I have received treatment through my private health insurance and I greatly respect their opinions and those of their NHS counterparts. Their messaging so far has been that A) I cannot expect to recover, but I might improve / recover over the course of several years, B) I need to take things extremely gently or risk making everything worse and C) there isn't a categorical test that everyone can point to, my diagnosis relies on expert opinion and consensus, and for the last year they have all agreed. + +My company agrees with their reports, and will only let me work a few hours a week (I'm in tech, so WFH is OK for them). If I do more, it has made me really ill, so it's fair enough. Financially, I'm in an OK place. Insurance is paying out ~£3k gross per month and my partner earns £45k. Between us, we have about £10k cash, £120k in pensions and £200k in ISAs, but owe £400k on a £600k property. We have two children, aged 2 and 4, but family are helping out so childcare costs are pretty low and everything else is minimal expenditure - Lidl, Freeview, SIM only etc. I'm turning 32 in December. My partner is 2 years younger. + +The problem is that this won't keep going forever. If I don't make a recovery within a year or so, then I expect my company will decide to get rid of me, and based on best guesses the insurance would drop to ~£2.5k per month. That's only if the insurer thinks I'm still unfit for work, though. If they order another expert to evaluate me at some point in 1/5/10 years and they disagree, then they could refuse to pay. That might mean I'm not as ill any more, but my skills are outdated, or that their expert has taken an overly optimistic view of my health. Either way, I may not be walking into a job. + +I've spent so long being frugal and saving that this feels like totally unnatural surroundings, and I've always been used to income being static or growing since I was 16 - the idea of potentially having no income is really scary. A part of me wants to move company or push harder to go back to full-time, but the risk of destroying my health and preventing me from being a parent is probably even more scary. I just can't figure out where to even start. +I’m new to fatFIRE and one of the things I most value is hiring top tier experts. + +When I was FIRE but not fat, I’d Google or Yelp for “best dentist” in my city or read specialist forums to find the best tailor I could actually afford. Or spend weeks researching supplements/exercise equipment/etc to find the best products. I can continue doing all of that, but it’s incredibly time consuming and I’d rather hire experts to do it for me. + +But the best people don’t need to advertise because they have word of mouth. Also, several services I’m looking for can be full remote. When you’re open to potentially hiring anyone in the world, or at least anyone in the USA, how do you do that search? + +Some of the services I’m most interested in: + +- High end interior designer: this one might need to be local or willing to do a few weeks in my city. +- Personal stylist: 2-4 in person visits yearly in a major city. +- Nutrionist / dietician: this one can live literally anywhere and be full remote for consultations. +- MD specializing in longevity: review comprehensive blood work yearly and work with my other specialists as needed. Potentially also in charge of my parents’ health because they’re getting older. +- Personal trainer: more for personalized program design and home gym design rather than actual in-person training sessions. +- Plastic surgeon: no specific needs, basically want to ask “what could we do?” +- Dental surgeon: I need my wisdoms out and it’s a bad case. I found someone very good in my area, but I’ll go anywhere for someone even better. + +Basically, I want to throw money at the things I find important. If a good exercise bike is $1k and the best exercise bike is $10k, that’s worth the premium for even a 5% improvement. I don’t want to spend the time finding that bike, I want to hire experts who are at the bleeding edge of their fields and outsource those parts of my life to them at the “no compromises” level - the ones who know the best new toys, read the journals, and follow the latest research. + +I realize this is a pretty high standard, but this is what I want out of my fatFIRE life. I just have no idea how to even begin finding these people and hope that others here have some advice! +Hey everyone + +I love this channel, and i learned a lot in the past 2 years overall focusing on dividend stocks. + + I have a coolest google sheets for my holdings, and I have several websites and newsletter Im subscribe to, that helps me with research + +But when I start on a research for a new investment I have like 3-5 websites and subscription I pay a lot to, to do those researches + +So.. as a software developer and one that loves coding, I started to work on a new platform (web application) + +At the moment I created many graphs that holds historical data (15+ years) per company, so I can find trends, behavior, dividend yields, debt, shared outstanding (buybacks), etc.. + +&#x200B; + +When the platform will be ready Ill share it here as well, and now it's a good time to ask + +what kind of information would you like to see? focus on historical data? + +For now it will be research only platform, later it will have portfolio + holdings and yield features + +&#x200B; + +Have a great week all :) +He doesn't give a shit, and he doesn't understand half of what Wall Street is about. People have accepted, that banks and rich fucks run the world, and they are not really angry about it. They have accepted the premises of the ruling elite. Their labor is worth much, much more than the money they are getting paid, and most of the population sees the current inflation as something that "just occurs sometimes". The markets, and by that, the entire world economy is privately owned. The Federal Reserve, who holds the right to print the most powerful currency (the US dollar) is owned by big banks and other shady entities. + +The "regulators" and the rating agencies like Standard & Poor's are also privately owned or just straight up corrupt. There is nothing worth saving in the current system. + +If you're in this game for the tendies, you're welcome to sell at a high price. I will hold on to my DRS'd shares until the markets are fair and blockchain based. + +Please hodl to take down Wall St. and send some fucking clowns to jail. I don't think there will be another shot at this. Make it count. + +Sorry for the drunk rant. +This is Annual update #3 ([first](https://www.reddit.com/r/financialindependence/comments/91j113/15m_invested_25m_goal_30m_30f_w_1_child_liberal/), [second](https://www.reddit.com/r/financialindependence/comments/cnt95s/update_2_175m_invested_25m_goal_31m_31f_w_1_child/)). I know my favorite posts in the subreddit are the ones that include all the raw details so i’ll do my best to include the relevant information. + +Quick recap: 32 year old couple in the SF Bay area both working at “FAANG” companies in non-engineering tech roles (ie Senior Data Science Manager for me) and our plan is to be able to retire by 35 but am currently a few years of schedule (wasn’t the case 3 months ago so I take that with a grain of salt). Earning fairly “Fat” bay area salaries but have more modest spend goals in retirement \~75K (excluding housing). I debated whether I should update this year since it feels strange posting mid-pandemic but felt it would be helpful for others to see how crazy the swings can be and how unpredictable rebounds can be (see charts below). + +We both graduated in the middle of the great recession with non-STEM liberal arts degrees (economics) from state colleges. I wanted to go into banking but the career fairs at my university in florida were spartan. Friends with top honors were getting their offers rescinded from the key players and I couldn’t even land an interview. Luckily found opportunities at local tech start ups and two jobs later was recruited to the Bay Area for nearly the same base adjusted for COL but clearly much more upside (full base salary history at the end). + +While 2020 has been rough trapped in a yardless apartment with an active toddler we are fortunate enough to both have remained employed (knock on wood). Covid also tossed in another interesting future option around longer term remote work outside the bay while maintaining \~90% of bay area salaries. So my original plan was to FIRE at 35 could turn into more of a glide out (really wanting to get out of the Bay Area ahead of my toddler starting elementary school). + +**Overall Investment Value as of 8/7**: $2.3M, +54% YoY (prev. 1.75M) + +* 290k from new contributions (large chunk from liquidity event) +* 260k from gains + dividends +* Current Asset Allocation: 53/33/14 (Domestic/International/Bond) 100% in low cost index funds +* Account Split: 57% Taxable (normal broker), 30% Pre-Tax (traditional 401k), 13% Post-Tax (roth) +* This is the majority of my networth. I own zero property, no vehicles, no debt of any type. Have an additional 300k in savings + +**My Favorite Charts (Updated 8/7/20):** [https://imgur.com/a/c6pGm16](https://imgur.com/a/c6pGm16) + +* [Overall Investment Trends Broken Out by Contributions & Gains](https://imgur.com/FspVw39) (Growth is all investment gains and dividends). As you can see this year was a bit crazy with "Growth" almost hitting zero. +* [Total Investments Stacked by Account Type](https://imgur.com/Jrk9zcv) (Helpful to see rapid acceleration of taxable plus you can see when I started contributing to a mega roth after losing access to contribute to a roth for a few years) +* [Retirement Projections](https://imgur.com/7zUi46E): Every year I model out my planned contributions along with very simple 5% gains. +* [Days Between 100k Milestones](https://imgur.com/KvRH5O0): I didn’t update this one. It really stops being useful + +**High level goals:** + +* Targeting >$75k annual spend ($2.5M @ 3% withdraw housing & education). I am nearly at $70k @ 3% withdraw rate today but still need another 2 years for the next two bullets (might also just bump up target to around 100k… have flexibility here and 1-more year syndrome is very real). Current spending is \~12k per month of which 70% is housing and childcare. +* \~500k available for house purchase in MCOL city; something like a Portland, Nashville, Austin, I am originally from Florida… so not there. Need to do more research on full tax treatment and public schools (ie TX has no income tax but high property tax so could be worse off than states with higher income taxes). +* 4-Years College paid for my toddler (state school level, \~23k per year est) + +**Income:** + +* Base Income: $400k \~6% Increase (includes my partner, yes i know this is ridiculous) +* Equity: $300k (1-time step change due to liquidity event but equity has also seen large gains in both new grants and company stock value over the past year, expecting at least the same for the next year but very much depends on company performance) + +**Personal Base Salary History** (Later on equity contributes a large portion of my salary but isn’t included here, note: don’t get overly hung up on the exact ages/dates everything is within +/- 1 year but smoothed out to make doxxing a little harder) + +* 2008 New Grad: $37k +* 2009: $44.5k (+20% new job) +* 2009: $48.5k (+9%, performance based raise) +* 2010: $48.5k (No raise this year, switch jobs at the same salary but more room to grow) +* 2011: $60k (+23.7% Performance based raise, it had been >500 days since my last raise) +* 2012: $66k (+10% annual performance raise) +* 2013: $80k (+21.21% Was a raise to get me closer to market salary and an effort for my employer to retain me, went along with a fancy inflated title) +* 2014: $138k (+72.5%, recruited to the bay area as a “data scientist”) +* 2015: $142k (+3%, percentage wise the smallest raise I ever received. Clearly an inflation based raise) +* 2015: $158k (+11%, Promoted during the year) +* 2016: $170k (+7%) Performance +* 2017: $190k (+12%, Performance) +* 2018: $210k (10%, Promotion) +* 2019: $225k (7%) Performance +* 2020: $240k (+6.6%) Performance + +Again, want more of my life story be sure to read my posts from last two years: + +* Update #1: [$1.5M Invested, $2.5M Goal | 30M & 30F w/ 1 Child, 5 Years to go](https://www.reddit.com/r/financialindependence/comments/91j113/15m_invested_25m_goal_30m_30f_w_1_child_liberal/) +* Update #2: [$1.75M Invested, $2.5M Goal | 31M & 31F w/ 1 Child | 4 Years to go ](https://www.reddit.com/r/financialindependence/comments/cnt95s/update_2_175m_invested_25m_goal_31m_31f_w_1_child/) +All I am going to do here is post this: [https://www.bloomberg.com/news/articles/2020-09-14/sec-said-to-examine-nikola-over-short-seller-s-fraud-allegations](https://www.bloomberg.com/news/articles/2020-09-14/sec-said-to-examine-nikola-over-short-seller-s-fraud-allegations) + +I assume it’s all over for NKLA. Where can they even go from here? + +*Kudos, to everyone who played puts. Of course lucky me I have some long-dated calls…* +Radio Shack is gone +Frys Electronics is gone +Micro Center locations are sparse + +The only option for many people is to order online. I would much rather place my order through GameStop, or swing by my local store, to pick up some hobby electronics items. Call me old-fashioned, but being able to run down to the closest strip-mall to buy a replacement motor for a project, or grab some resistors for my arduino/Raspberry Pi projects. + +There is a market, and I think it fits very well with the GameStop model that leadership is establishing. +Hypothetical numbers here, but say I need $10k by this rule, why not keep $5k for immediate use instead and invest the rest so the money makes some interest instead of sitting there doing nothing? + +In today's technological time, if I need more than $5k, couldn't I just put the balance in a credit card and sell the investment for the added amount needed and zero out the card balance? + +In safer mutual funds, I'd have the money in 3-5 days depending on a weekend or not. So why keep it all in cash? +Saw a condo that lives like a townhouse in Centennial Hills (SkyPointe) in February, was 210k. Yesterday one similar in same complex listed for 230k. Vegas I thought would be the one place in the country where the housing market would struggle. +My little brother passed and my father is legally his executor. He had around $40,000 worth of credit card and personal loan debt. He only has around $10,000 in his bank accounts with no property or other assets. His retirement and life insurance accounts had beneficiaries listed so it’s my understanding they are kept separate from the estate. + +What will happen when creditors start to reach out to my dad and we run out of money in his estate as we’re making payments? + +My brother passed in California. My brother had an estranged spouse in which he was in the middle of filing for divorce from. Will she be liable for part of his debt knowing that California is a community property state? + +I am looking into hiring a probate attorney to discuss as well. + +Please let me know if there is a better sub Reddit for these questions. Thank you so much in advance. + + +EDIT: Thank you everyone for the answers and information. This is super helpful especially at time where it’s difficult for my family to even get out of bed. I’m going to be consulting with a lawyer on what would be best for our family and his estranged wife given the situation is a bit unique. Much love to all 🙏🏽 + + +To start, I’ll give you a small clip of a recent podcast with Vitalik (creator of Ethereum) talking about Zkrollups and how he thinks Loopring is the solution for Ethereum problems of scaling and gas fees (fees from using etherium). + +https://youtu.be/XW0QZmtbjvs + +I recommend this bit from 1hr:14:00 to 1hr:17:40 to understand Loopring and ZkRollups from his words. + +The whole Rollups section is very interesting. +The whole video is also very nice for apes with more patience :) + +Let me explain in a simple version about the future of markets, finance and GME. + +People are often seeing crypto as a casino to go in there and bet to make money, not actually basing themselves on the project fundamentals. + +Fundamentals in a project is what makes the project (their approach to solve a need), the service/product they are providing, how is gonna perform towards the future and how is providing the solution for that need. + +Right now everyone has a need for a different financial sector due to the current market being corrupt and manipulated based mostly in politics and whatever the fed, HF, whales and central banks do with it. + +That completely disconnect the market from the fundamentals and performance of the projects/companies. + +So there is an urgent need to move to decentralized and bring back more democracy and global consensus instead of the 0.00001% controlling everything. + +Cryptos L1 (like Bitcoin or Ethereum or basically all cryptos) have 2 big problems. + +1: transaction speed (Bitcoin can do 7 transactions per second, Etherium 30 per second), compared to MasterCard that does 5000 per second, can’t be a viable option to use for a lot of people or a lot of transactions, will create a massive queue of transactions that also bring to number 2. + +2 transaction fees (gas fees) are priced based on supply and demand, transaction queues will leave to have a constant high demand but low supply of transactions, making them too expensive and a lot of the time even more expensive than the digital/real asset you with to purchase. + +Loopring created a winzip like tool by creating a off chain copy of a blockchain with massive scale ability (up to 400k transactions per second), then bundle all the transactions that happen on that L2 blockchain and send it to Etherium in massive batches, splitting the cost to all the transactions, make in it super cheap. + +Transactions in L2 are super fast since is in a off chain blockchain while zkrollups allow to be that bridge to get the L2 constantly verified and validated by the entire L1 of ethereum everytime those batches occur. + +This is the future of currency, finance and NFTs. Basically what finance can do, this can do it much better, while keeping the transparency and high security of a blockchain consensus based of ethereum, also while maintaining democracy and avoiding creating bubbles or synthetic shares. + +Keep in mind that there is something so beautiful on those projects and marketplaces, the market place doesn’t work for one institution or person (like a bank and CEOs), they work for the system itself. + +Let’s say you are a singer or have a band and your band releases your album but instead of selling it using dollars (fiat), decided to sell it using their tokens in L2. They split that song in 1million pieces, first songs are sold for $1 worth of the token at the start. + +Out of that $1 80% will go back to the entire network of owners of that band/album tokens, 70% of those are spread across everyone and 10% is burnt to keep reducing the supply increasing the net worth. The last 20% will go to the creator/artist, always, always that ratio. + +So if you are part owner of any piece of that song/album, everytime someone comes in or transaction that specific song, EVERYONE WILL BENEFIT from it. + +That is decentralized finance. That’s based on fundamentals, and that true value of investment, you believe in the band/artist, and the more sales and transaction and more popular becomes, more value will bring back to the entire network. + +This is where GME comes in. + +Not only bringing top expertise on blockchain and NFTs, but seen ahead to the future (I based this on Ryan Cohen long friendship with finestone). + +GME is gonna be the first massive project of this, already been tested and working on Loopring L2 (you can check yourself). + +The possibilities are endless, but let’s keep it simple with one example. + +Let’s say that there is a new Mario Bros battle royale, they decided to create 10 million copies of it and release them as an NFT. + +$10 worth of GME coins in the GME L2 marketplace. + +With those $10 you can play the game, but also you own part of the project, you can decide and participate in new updates and items released so give you more power towards the game. + +But also, if the game succeeds, the tokens you have by selling the game (if you decide to do so) will be more valuable against those initial ($10), because now the game market cap is gonna be bigger and we know decentralized market spread the spoils of sales to everyone that has that coin. + +Also, limiting the amount of copies will create that when all the copies at base rates are sold, a auction market for the copies will be the only way to purchase that game and getting into the project, then when there is higher demand and little supply, boom! The price of the copies are gonna increase. + +The NFT can store data, so in your copy of the game you can have the items you unlocked or purchased in game or save files, making your game unique and more/less valuable. + +Also, if this copy was owned originally by Ryan Cohen or any person that is famous, you can see it and confirm it on the blockchain and that will also will give added value to those transactions in the market place, making those copies more valuable. + +For every of those transaction no matter the prices are trade on, benefits THE ENTIRE NETWORK OF FANS and owners of the game. + +Also keep in mind that this system is lot more intelligent than any other financial transaction, these transactions are smart contracts, meaning that you can set specific rules for the transactions. + +For example, I can limit a copy of the game to be sold only 5 times and if sold a 6th time will self destruct, or can be only trades once every 5 days, or that the increases on price can only go up by 5 tokens at the time (controlling volatility) and so on, the list goes on with unlimited possibilities. + +TLDR: This is the future, and true financial democracy. GME is set to be the pioneers of this new technology that Vitalik himself (Ethereum creator) sees as the future. + +Above you will find a very easy to understand explanation of what is happening, why and how is happening with real examples. + +Please share for people that don’t understand what blockchain is and educate a bit about the future of possibilities. + +This is what I think they meant by + +POWER TO THE CREATORS +POWER TO THE PLAYERS +POWER TO THE COLLECTORS + +If any of you guys have any questions, I’ll be more than happy to answer. :) + +🍉 is out. + +Edit: Changed a mistake, ethereum is 30 transactions per second as opposed to 13 transactions per second. + +Edit 2: someone made a very good question so I this is the reply to clarify doubts. + +Question is : All you talk about is scarcity and value increase. Why would that be desirable and sustainable? + +My answer : + +The point is not about the actual increase or decrease of your value, in reality this is a replacement of banks. + +Let’s say you have $100 in your bank account sitting in there, that money goes to the market cap of the bank as an organization since they can “use” that money for themselves and you trust them with the keeping it, they don’t keep it. + +With inflation today (6.2%) your money by sitting still “in the bank” is actually losing value at that rate. + +That’s why the more money you have the most likely is for you to invest it in things that at the very least give you that 6.2% of your losing value back. Usually invested in government bonds which suppose to be “safe” and “low risk” since they are backed by the government and the government haven’t default ever yet. So you put your trust that at the end they will give you your money back plus your yield (6.2% or more). + +So even tho you have your $100 in your account, anything else around is going up at an inflation rate (6.2%), and suddenly your buying power is less, less things you can buy with the same $100 dollars. + +The bank used your $100 And let’s say they doubles that money (the on average get lot more than double), but doesn’t give you back anything really, probably a very tiny % of returns for you storing your money in the bank, a lot of the time they charge you fees and actually take even more money and value from you. + +This is the current system, helps the banks and big institutions with your money. Increasing the value of everything else also by printing counterfeit “legal” money at the FED and they call it QUANTITIVE EASING. + +So there is a reason and need for a currency to grow in value to keep up with everything growing in value around it. + +The token L1 will need a counter party currency to be exchanged (most common is US Dollar that use the fiat system). Blockchains have limited supply of token (a set amount of tokens), and the more currency injected to it (US dollars for example), the more market cap of that blockchain of tokens (ethereum cap is currently 250 billion) and the number of tokens supplied for ethereum is 117.7 million tokens/pieces. You divide those numbers and should give you the price per piece. + +The more people get into buying ethereum for example the bigger the market cap so bigger the price discovery. + +Edited: better example :) + +Let’s imagine this situation. + +In the current world we have: + +The singer will go to a label to promote his album, manager, Spotify, YouTube, etc, and they usually take the larger amount of the deals. + +Now let me explain better how the model would work with NFTs DAOs. + +A singer make one song and sell it to me in let’s say $1 and put in the contract that each time that song is resold the singer gets 80% of the profit and 20% goes to the seller. + +So I sold the song to somebody else, then in this case the singer get $1 from my original sell plus $.80 from my sell. I get 20% of it. everytime the song is resold, 80% goes to the artist and 20% goes to the seller in the network. No middle man like Spotify or Apple Music and the artist always gets its part and 20% for the seller. You can do it on and on and on with always 80-20. You had the song, listened to it and when you sell that. The owner will be the singer but everyone can listen to the song which is the product, like games. + +There are other models in which you can do 70% to the singer, 20% for the reseller and burn 10% of the albums with that extra 10% of money to reduce the amount of supply of copies and making it more exclusive. Increasing the amount of sales :) + + +You can make it 50-50, 40-50-10, it’s up to the project and the project goals. No one is forced to buy anyway and if the project is too greedy or doesn’t benefit everyone so you are free not to join. + +I think this explains it better so I’m gonna add it to the post :) + +This are smart contracts and you can customize it according to what you need. Don’t forget that. + +In comparison to the financial system we currently have, you put money in the bank and they use it for their market cap to make more money for themselves, giving you crumbs and you never owned a piece of the bank, but you did “invest in them” by putting your money in for them to play with. + +With blockchain you put your money in, you actually own a part of the project and the project success is shared with everyone equally and proportionally of your stake of course. So makes it easier to beat inflation and not letting others benefit from using your money to trade. + +Edit 3: there was another question to help apes clarify this. Why Loopring? What LRC has to do with all this? + +This is my answer: + +They are the ones and first that created a Zkrollup, that is a key component on how the interaction between L1 and L2 works, it’s the tool that compresses the off chain interactions from L2. + +Like Vitalik explained in the video, takes only the validation part of the NFT taking just a minimal part of data to verify in the L1 of ethereum which is the most secured one and will be even more secure the bigger it gets with the coming of eth 2.0 and sharding (multiplying eth 1.0 multiple times and connecting all in the network making huge scaling). + +Then they take all the minimal parts together (of each transaction in L2 off chain) and compressed them into lot less, making the cost of each transaction also be reduced by that amount of compression. + +That’s how you can make a L2 transaction of NFTs (of everything that has value in them and are validated of ownership in the ethereum blockchain ledger) cost cents, I’ve seen the current Loopring L2 in developments and tested constantly cost cents, I haven’t seen a transaction of a dollar yet and I’ve been monitoring it, and big movements transactions to Ethereum and fiat (US dollars). + +Hope that clears your mind and expand it ;) + +Hope this helps. + +Edit 4: thank you for all the awards apes, let’s share this out and get everyone educated about the future, it’s gonna be amazing! Apes are gonna be first too!!!! + +Buy, Hold, DRS and learn is what I do. :) + +I like to keep it simple stupid - DFV a value investor based on fundamentals. + +Source for the 30TPS for Ethereum, some other courses claim 13TPS, still pretty low for the needed demand in eth 1.0 + +https://www.google.com/amp/s/www.thestreet.com/crypto/.amp/ethereum/ethereum-2-upgrade-what-you-need-to-know +Pretty much every thread that's made on here discussing 'housing affordability' seems to ignore the fact that apartments even exist as a viable option for something to buy. + +The line spouted on here a lot is that it's "selfish" to deprive people of their own house... + +I'd argue it's "selfish" of people who are single/living alone to expect to be entitled to a multi-bedroom, freestanding house all to themselves given how disproportionally destructive that is to the environment, and a waste of space/land that a family could make much better use of. + +If we want a growing economy, which requires a growing population, then it's simply *physically impossible* for every single person to be able to own a detached house. + +More effort should be put into lobbying the government to enforce *better building standards on new apartment blocks/better insurance for apartment buyers in case of defects/stringent requirements on larger & more liveable sizes of apartments* for developers. + +Not trying to come up with ridiculous stimulus-fuelled schemes to make detached houses "more affordable" that just end up inflating the prices of them for everyone in the end. + +Single people: why are most of you "apartment snobs"? + +Note: I don't have kids & am currently renting an apartment with my partner, there's nothing wrong with it. +Median house price is 1.61m [https://sf.curbed.com/2018/4/5/17201888/san-francisco-median-home-house-price-average-2018](https://sf.curbed.com/2018/4/5/17201888/san-francisco-median-home-house-price-average-2018) + +A home ravaged by a fire sold for 2m [http://www.businessinsider.com/fire-ravaged-inside-san-francisco-home-sold-2-million-dollars-2018-7?r=UK&IR=T](http://www.businessinsider.com/fire-ravaged-inside-san-francisco-home-sold-2-million-dollars-2018-7?r=UK&IR=T) + +I get that silicon valley is there - so is the market set by a bunch of rich people who can just out bid each other? I mean, SF is a nice city, but I've been to nicer. The weather is nice but it isn't great, either. + +How did this happen and what gives? Is it going to eventually crash? +I am an evacuee from Fort McMurray. I have a significant amount of savings, so I'm not hurting for cash but my insurance company has called me three times offering to send me large sums of money, encouraging me to rent a vehicle (even though I'm not sure yet if there is any damage to my truck). Maybe this is a stupid question, but if I have the cash to survive - and I keep all my receipts - is that always the best option? Or am I turning down money for no reason? I can't imagine that an insurance company would have good intentions in any way... Just don't want to get raw-dogged. + +Thanks! + +Edit: I shouldn't say my house is fine. It will have a fair amount of damage to the exterior, but it's standing. + +Edit 2: I'm accepting an ALE payout for now that covers my first 3 weeks. Thanks for the advice. +**New Wealth Simple Socially Responsible ETF:** + +&#x200B; + +**(WSRI)** Wealthsimple North America Socially Responsible Index ETF + +TSX Listing: [https://web.tmxmoney.com/quote.php?qm\_symbol=WSRI&locale=EN](https://web.tmxmoney.com/quote.php?qm_symbol=WSRI&locale=EN) + +Factsheet: [https://www.solactive.com/wp-content/uploads/solactiveip/en/Factsheet\_DE000SLA9865.pdf](https://www.solactive.com/wp-content/uploads/solactiveip/en/Factsheet_DE000SLA9865.pdf) + +&#x200B; + +**(WSRD)** Wealthsimple Developed Markets ex North America Socially Responsible Index ETF + +[https://web.tmxmoney.com/quote.php?qm\_symbol=WSRD](https://web.tmxmoney.com/quote.php?qm_symbol=WSRD) + +Factsheet: [https://www.solactive.com/wp-content/uploads/solactiveip/en/Factsheet\_DE000SLA9899.pdf](https://www.solactive.com/wp-content/uploads/solactiveip/en/Factsheet_DE000SLA9899.pdf) + +&#x200B; + +**Official Press Release:** + +>We Made an Even More Socially Responsible Portfolio +> +>Introducing Wealthsimple’s new SRI portfolio. We designed it to be the most effective, low-cost, and, yes, socially responsible ETF in Canada. +> +>By Wealthsimple — June 16, 2020 +> +>We were pretty excited a few years ago when we introduced our [Socially Responsible Investing (SRI) portfolio](https://www.wealthsimple.com/magazine/news-socially-responsible-investing). There was a huge demand among our clients (and our own team) for a way to grow wealth while also growing a better world. Our SRI portfolio was a way to do just that: it had low fees, good returns, excellent diversification and invested in funds and companies that met a pre-determined threshold for social responsibility — low carbon emissions, cleantech innovation, sustainable growth in emerging markets, gender diversity. Finally: Here was a way to invest not just wisely and profitably, but with a conscience. +> +>We’re also dedicated to two important principles: first is reassessing our investments and the rest of our business to see if there’s a better way to do it, and second, to be as transparent as possible. And, transparently, we realized there was a problem with our SRI portfolio. The thresholds the funds used to pick companies to invest in left a lot to be desired. So rather than depending on outside funds, last year we began building our own, better version. And today we’re introducing two new low-fee Wealthsimple ETFs: WSRI, which holds North American companies, and WSRD, for developed markets outside North America, such as Japan, Australia, and Europe. Both ETFs trade on the Toronto Stock Exchange, and they’re the basis for our redesigned SRI portfolios on Wealthsimple Invest (plus some government bonds to mitigate risk). But first, let’s go back to what went wrong. +> +>**We Didn’t Want the Best Worst Companies** +> +>The problem with our previous portfolio was simple: the standard way ETF providers decide which companies get included in a socially responsible fund is flawed. What they do is rank companies in any given industry by their social responsibility, then invest in the highest-scoring companies. The problem with this approach is that it’s based not on being, on balance, responsible. It’s based on being responsible *relative* to other companies in any given industry. +> +>That way of filtering meant that some of these ETFs still invested in fossil fuels companies and tobacco companies and arms manufacturers and problematic mining companies. They simply invested in the least bad of those companies. The problem is that a company might be the “most responsible” weapons manufacturer — but it’s still a weapons manufacturer. And our clients who were being conscientious about their investments by and large didn’t want to invest in *any* weapons manufacturers — even if they happen to have lower carbon output than their competitors. The existing funds available in Canada just didn’t make it possible to do that (while also being diversified). +> +>**So We Made Our Own ETFs** +> +>We set out to build a fund with far more intentional and stringent filters for the companies we’d be investing in. That meant weeding out entire industries, and types of corporate behaviour. +> +>The result? When you invest in a Wealthsimple ETF, here are what the funds *won’t* invest in: +> +>Big polluters, like oil and gas-related companies. Companies involved in thermal coal mining or coal power generation. We’ve also omitted the top 25% of carbon emitters in each industry — lowering the overall carbon footprint of the funds without sacrificing diversification. +> +>Companies in violation of the UN Global Compact (major controversies and human rights violations). +> +>Any defence contractors or weapon manufacturers. +> +>Companies involved in the manufacture of tobacco products, alcohol products, and casino, gaming, and adult nightclub/entertainment companies. +> +>Companies without women on the board. Companies in these funds must have 3+ or 25%+ women on their boards. +> +>**What will we invest in, then?** +> +>To clarify a popular misconception about SRI funds, it won’t be all electric-car companies and wind power. (That’s a different category of cause-driven investing called [impact investing](https://www.wealthsimple.com/en-us/learn/impact-investing), which you can do on [Wealthsimple Trade](https://www.wealthsimple.com/en-ca/product/trade/).) No, what we look for are companies that have diversity on their boards and walk the walk when it comes to progressive policies in the realms of sustainability and corporate governance. Internationally, this means a concentration of companies in Germany and the Nordic nations, which tend to have the most regulation in those areas. In North America, it means a wide range of companies in sectors ranging from financial services to real estate to food and beverage conglomerates. +> +>**No Baddies,** ***Plus*** **Lower Fees and Wealthsimple-Quality Performance** +> +>The other big benefit to making our own ETFs is we could charge lower fees. SRI funds are typically a little more expensive than non-SRI funds, for good reason: someone has to do the research and analysis that goes into deciding what’s included in and excluded from the funds, and that work comes with a cost. But since we’re the ones doing that research, and we’re no longer paying an outside firm a premium for the service, you’ll pay lower fees — the fee for WSRI is 0.20% and it's 0.25% for WSRD. The overall fee you'll pay for the equity funds in a Wealthsimple Invest SRI portfolio is only about 0.23% (compared to about 0.48% before). +> +>Like all our investing portfolios, our SRI portfolios are broadly diversified and designed for investors to keep their savings in so they can build wealth in the long term. There is no intended trade-off on returns — we believe you can still do well by doing good. +> +>**Get Started** +> +>All you need to do is sign up for a [Wealthsimple Invest](https://www.wealthsimple.com/product/invest/) account and choose “make my portfolio socially responsible” when prompted during the sign-up process. Your portfolio will include the two new ETFs, as well as government bonds to mitigate the risk — the proportion between stocks and bonds depends on how much risk you decide to take on. You can also buy WSRI and WSRD on Wealthsimple Trade (and pay $0 commission fees), or anywhere else you buy ETFs. +> +>And if you’re already a Wealthsimple Invest client with an SRI portfolio, you don’t need to do a thing. Your investments will automatically be transferred into to the new portfolio. + +Source: [https://www.wealthsimple.com/en-ca/magazine/news-sri-portfolio?utm\_source=exacttarget&utm\_medium=email&utm\_campaign=SRI](https://www.wealthsimple.com/en-ca/magazine/news-sri-portfolio?utm_source=exacttarget&utm_medium=email&utm_campaign=SRI) + +\-Edit- + +Added factsheets for ETF's + + +The Representatives who voted against the Short Sale Transparency and market Fairness Act. H.R. 4618 (house financial committee) + +Keep in Mind Ken Griffin has donated millions of Dollars to the Republican party through the Congressional Leadership Fund and, a super – PAC supporting House Republicans. He also sent half a million to Take Back the House 2022, a joint fundraising committee for GOP members. He is ranked at number 2 for donating 66 Million to republicans at present according to [https://www.opensecrets.org/elections-overview/top-organizations](https://www.opensecrets.org/elections-overview/top-organizations) + +&#x200B; + +Granted the initial vote was back in 2021. I think its safe to say the Mayo man has been working the politicians since GME first sneezed. + +Here Are The Representatives Who Voted AGAINST The Short Sale Transparency And Market Fairness Act , they are all Republican. + +For people who want to say keep the politics out of it, I don't give a damn about left or right, but it is important to know who the mayo man is paying , fuck these fucks. + +1. Patrick McHenry - NC 10th District (@Patrick McHenry) (Republican) + +2. Ann Wagner - MO 2nd District (@RepAnnWagner) (Republican) + +3. Frank Lucas - OK 3rd District (@RepFrankLucas) (Republican) + +4. Pete Sessions - TX 17th District (@Pete Sessions) (Republican) + +5. Bill Posey - FL 8th District (@congbillposey) (Republican) + +6. Blaine Luetkemeyer - MO 3rd District (@RepBlaine) (Republican) + +7. Bill Huizenga - MI 2nd District (@RepHuizenga) (Republican) + +8. Andy Barr - KY 6th District (@RepAndyBarr) (Republican) + +9. Roger Williams - TX 25th District (@RepRWilliams) (Republican) + +10. French Hill - AR 2nd District (@RepFrench Hill) (Republican) + +11. Tom Emmer - MN 6th District (@Rep TomEmmer) (Republican) + +12. Lee Zeldin - NY 1st District (@RepLeeZeldin) (Republican) + +13. Barry Loudermilk - GA 11th District (@RepLoudermilk) (Republican) + +14. Alex Mooney - WV 2nd District (@RepAlexMooney) (Republican) + +15. Ted Budd - NC 13th District (@Rep TedBudd) (Republican) + +16. David Kustoff - TN 8th District (@RepDavidkustoff) (Republican) + +17. Trey Hollingsworth - IN 9th District (@Rep Trey) (Republican) + +18. Anthony Gonzalez - OH 16th District (@RepАGonzalez) (Republican) + +19. John Rose - TN 6th District (@RepJohnRose) (Republican) + +20. Bryan Steil - WI 1st District (@RepBryanSteil) (Republican) + +21. William Timmons - SC 4th District (@Rep Timmons) (Republican) + +22. Van Taylor - TX 3rd District (@RepVanTaylor) (Republican) + + +Link to House committee meeting: + +https://youtu.be/1sljE4-Big4?t=33266 + +H.B. 4618 starts at 9:14:26 Mark + + +there was an error with two of the names equaling 24 ( its supposed to be 22) fixed and verfied , sorry for the mistake. Took me a while to find the actual spot in video. + + + +&#x200B; + +NOW, look at what Dave just happened to say here on twitter: + +&#x200B; + +[https:\/\/twitter.com\/dlauer\/status\/1586020806844612608](https://preview.redd.it/cuhi03dvz6x91.png?width=591&format=png&auto=webp&s=8fd78610b83ee79ff0e38964b5936de348354d01) + +Say what you will, love em or hate em, it all smells funky, makes hell of a lot of sense. + +Just some food for thought, this isn't supporting one side or the other, Kenny just took it there so I'm throwing it out there. + +*edit* I want to make clear. That I am certian there are people who will want this post gone, but I want everyone to ultimately realize that both Republicans and Dems were outperforming the SPY during the pandemic. Just because Kenny made it political, doesn't mean we should turn a blind eye to it imo. +> "We think GOOGL should spin off part or all of YouTube, which we estimate would be worth $300B on a stand-alone basis," Needham analyst Laura Martin says. + +> Martin sees several ways spinning off YouTube would create value for the company. + +> If YouTube becomes a $300 billion standalone company, it would rank as one of the 15 biggest companies in the S&P 500. + +https://www.cnbc.com/2019/10/29/analyst-alphabet-should-spin-off-youtube-would-be-worth-300-billion.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +We had not bought a house in several years. Bought one in June. I have been surprised at all the scammers coming at us as a result of the house purchase. The day after closing multiple bills arrived for recording our deed and getting a copy. The title company does that. We paid them. These things look very official, but if you look carefully you see little mentions here are there that this is not an invoice or we are not the government. + +Before closing we received numerous all-caps warnings about not wiring money to scammers. + +I posted here recently that the termite guy hired by the seller said we had termites and needed a $2,200 treatment. I was inclined to do it, but then he said it was $4,400 for tenting and fumigation. Orkin was called for a second opinion. They said there were no termites. Now we are waiting for a refund of the advance payment. Our son lives there and paid the advance without mentioning it to us. I never paid for such a thing in advance. + +The original termite guy double-checked and now agrees there are no termites and that he never made such a mistake before in his 29 years in the business. + +Uh huh. + +More recently, my son heard some scratching in the attic. He called an exterminator. $5,800. For Chrissake! We can probably buy something at the hardware store for $20 or so. + +Turns out the guy is going to turn a 72-year-old insulated attic into a pristine, eat-off-the-insulation, reinsulated, white-glove clean attic. And he is going to seal the attic so no vermin can get in there. + +No, thanks. We’ll try the hardware store. + +I had a queen bee set up in my house once. Beekeeper came and removed the queen. Her subjects left with her. The guy offered to charge more to seal all the little bee-width openings in the house. No thanks. Never had another problem. + +That guy and the attic guy claim they can seal the house so even insects cannot get in. That does not strike me as the nature of a house. We have never tried to seal any of our buildings that tight—even the one we had built new. Once a squirrel made a hole. We got rid of him and repaired the hole. When vermin invade. We kill them. That has always been all we needed. Maybe a half dozen episodes in 50 years. + +The fact that our son is 34 may be encouraging this. But my wife and I bought properties when we were in our 20s and 30s and were not hit with all these scammers. + +The new thing with the June purchase is our buying a home has triggered multiple scammers coming at us. That did not used to happen. Beware of such nonsense. +Well, the header is stamped with a court docket number. I googled it, and guess what comes up? + +CFTC vs Archegos Capital… + +case 1:22-cv-03401-JPO + +It seems that the fellas over at the Commodities Futures Trading Commission are busy doing other things besides just kicking the can for disclosures until 2025… + +Kind of ironic that their argument in court includes a failure of Archegos to disclose…to CFTC, or their swap counter parties… + +MAIN COMPLAINT FILING: + +https://storage.courtlistener.com/recap/gov.uscourts.nysd.578896/gov.uscourts.nysd.578896.1.0.pdf + +Edit: I’ve skimmed it, and no specific mentions of GME so far, but some pretty interesting dates like January 29, 2021, and mid-late March 2021 are cited. + +Edit: Found this gem in the comments by u/hkzor. + +https://www.sec.gov/comments/s7-08-22/s70822-20147032-312610.pdf +[https://www.theguardian.com/business/2020/apr/03/us-jobs-report-march-unemployment-coronavirus](https://www.theguardian.com/business/2020/apr/03/us-jobs-report-march-unemployment-coronavirus) +I use WS Trade and it's been great. I wish you could set up automatic contribution to your accounts (as you can in Wealthsimple Invest). It would even be better if you could program it to automatically buy ETF's of your choice every month. I would not mind even paying a bit for this feature. + +For example, on the first of every month, transfer $500 from my checking account to TFSA, then buy as many shares of VEQT as possible once the money clears. + +I think my most successful investments have been those that were set on automatic and away from my eyes. Anyone know if there's a different brokerage out there with this feature already? +Many who struggle to save equate saving with "denial" or "not being able to buy something they need/want". Others equate saving with "spending wisely" - leaving the crucial term "wisely" completely *undefined*. Simply defining "wise" as the "opposite of foolish" is vacuous and not useful at all. Consider the statement "I will not spend foolishly" - who can disagree with that? + +I'd like to propose some concrete guard-rails so that people can understand what "foolish/wise" mean **on their own terms**. + +First, establish a **budget** and make sure that your spending stays **firmly within those budgets**. + +Second, question each purchase to ensure that you are getting **value** for the money you propose to spend. The guidelines in "The Millionaire Next Door" by Thomas Stanley are great. In it, he says that whatever you choose to spend on, make sure that you are getting the best value. An example: You really enjoy flying business class - you hate flying coach (you can afford it, let's assume). Stanley's advice? Great - now find the *best value* business class fare. Simply put, "don't overpay." + +That is easier said than done. We routinely forget to search for value and consequently don't get it because of two reasons: + +- Most don't like to negotiate and/or are bad at it. +- We don't believe that any savings we get is worth the time it takes to find them. Why save $0.25 if it takes an hour to find such a deal? + +Which brings me to the Warren Buffett anecdote. On a TV show a few years ago, Warren Buffett was there with his son and grandson. The host asked the usual gushing questions of one of the richest men in the world - "How much money do you have in your wallet?", "How many credit cards?", etc. Anyway, at some point in the show, the grandson, in talking about one of his projects said something like "....it cost just $5000." He then went on to say other stuff. His father said nothing. The grandfather (Warren) chimed in and said, "It's not just $5000. It's a lot of money." + +My takeaway - There's no such thing as "It's just $x". Every dollar of it is super important. You have earned it by putting up with bosses who are jerks, long days, missed soccer games with your kids! Live well within the limits of what you have set. Never OVER pay for goods/services you purchase. Bring the Warren Buffett mindset to your spending habits! +[Official says authorities preparing for a potential pandemic; ‘It’s more a question of when’](https://www.wsj.com/articles/cdc-warns-it-expects-coronavirus-to-spread-in-u-s-11582653829?mod=hp_lead_pos2). + +> Nancy Messonnier, the CDC’s director of the Center for the National Center for Immunization and Respiratory Diseases, said Tuesday that the agency expects sustained spread and called for American businesses, schools and communities to brace themselves for potential outbreaks. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/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/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/EKU2tVBp9u) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +So the big boss of BRN might have let slip in an interview that there would be an announcement before the 4c. He said he couldn't talk in detail about something that would be mentioned in the announcement. Gay bears be gone 🚀🚀🥳🥳 +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) Last ban length: 1,048,576 days + +[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) +Hi Guys, + +I invested the last 2 Months to develop Strategies to beat Buy and Hold in the Crypto Market. I found a pretty solid one but it works best on the 1 Hour Timeframe. (Only backtested it, haven't used in live yet) + +As I started to develop my algorithm I thought about using lower timeframes, or maybe multiple timeframes. + +If you have an successful Bot running, which is the Timeframe you mostly use and why? +Hi everyone, just wanted to get some feedback about a certain few ETFs I was planning on buying. 28 years old saving to buy a house within 5 years in Alberta Canada. Will be using a TFSA to buy these ETFs on Questrade. I am looking for an aggressive approach given my age and have chosen these funds: + +VFV: 25% + +VCN: 25% + +ARKK or ARKW: 31% + +ICLN: 19% + +Any input whether there is a better aggressive strategy would be appreciated. + +Thanks +Hello All, + +I am still relatively new to ETF investing I guess, however I am knowledgeable on the topic and I of course have a set of criteria for choosing them. + +My question is more over the long term... So here is a scenario to help you visualize what I mean exactly. + +Let's say I wanted to invest in the ETFs VOOG or VUG. Both of them amazing returns over the 10-year which is great! 10-years to me is not that much time, I invest in ETFs because I never plan to touch them and it's to build my wealth overall. + +SO, if I want to invest my money in ETFs over a 30-year (or more) period.. how do I determine when a good inception date is? It seems that most ETFs have been created within 20 years but I struggle with determining if I should choose younger ones or older ones, or somewhere in the middle. + +Comment if you have any insight on this topic! Also I use Vanguard. + +&#x200B; + +Thanks!! +How far down do you figure ARKK may go down? Looked to be mounting a recovery Friday but seems like we will have more of the same (down) today. I'm an Arkk holder, hence the quesitons. Thanks. +Hello, fellow theta warriors, + +I've been selling wide ICs since May. + +All of them expire the same week as earnings. I sell them right before earnings and close them immediately after unless the stock price stays flat and my strikes are so far away that my closing order could not get filled. + +Sold 19 times and won 19 times (I haven't closed my FB/AMZN plays yet, which was sold yesterday). + +I know someone will say this is picking up pennies in front of a steamroller. Indeed, I used to sell ICs with risk as high as $60K. But now I limit the max loss to $20K and never do more than two plays at the same time. + +As for picking tickers, I first filter out low liquidity ones (unless the IV is really high), then choose from those with an IV of 80% - 200%. After that, I only follow my **instinct** whether this stock will fuck me up or not. I do go to WSB to see if a stock is over-hyped or not and adjust my instinct basing on that. But I never check the company's previous earnings, nor read technical analysis, nor draw a line on the chart or anything. + +For stikes, I check the 6-month chart to get a feeling on what strike is safe. Then I try to find a play that risks $20K and win $2K \~ $6K. If the play is not good enough, I simply give up and wait for next week. + +I almost got fucked a few times but eventually won. And I almost bought INTC & QCOM recently (for which I will definitely lose but I indeed gave them up as the plays did not look good enough). + +&#x200B; + +**My theory:** + +1. The market knows the price better than me do no matter how much research I perform on the ticker. The price right before earnings reflects the most anticipated price after the earnings (i.e., priced in). Assume the market is effective, this is actually the BEST guess you can have on the stock price after earnings (imagine the peak on a normal distribution). +2. High IV stocks are hyped by crazy people (WSB, Robinhood, etc.) who want to become rich in one trade. Option price before earnings are comprised of: \[true option price with expected movements priced in\] + \[a chance to become rich\]. My understanding is that the former has an expected profit of 0 (meaning if you do it enough times, your profit tends to be close to 0). And I'm collecting money not from the former but the latter part. + +&#x200B; + +**My questions:** + +Is it a good strategy or pure luck? + +What other risks in this strategy am I missing? + +Is it better to close a seemly super safe ICs right after earnings or wait for it to expire? + +Can the strategy be tuned to have higher (expected) profit but the same or lower risk? + +&#x200B; + +I'd really appreciate it if you can give me some insights. + +&#x200B; + +&#x200B; + +[My plays so far](https://preview.redd.it/ytcstqxck8e51.jpg?width=565&format=pjpg&auto=webp&s=68b7cebea631466b1b9c835ac62fe1ed90cf627a) + +&#x200B; + +&#x200B; + +[The play I had today, screenshot from Fidelity Active Trader Pro](https://preview.redd.it/xyjjus5hq8e51.jpg?width=1076&format=pjpg&auto=webp&s=4f69dd1b79fe50b48ac3fd19ac090118ec1a8203) +It seems too easy, but *in my opinion* there exists a no brainer method to handle the actual monster that GME has become, and what it will continue to be. If you already own at least 100 shares at a decent cost basis as myself, consider yourself lucky. Full disclosure: I was assigned on a $59 put i sold a few weeks ago. Sure, one can sell CSP's and hope to get lucky on a heavy dip, but i think selling near ITM CSPs may be the better bet, as assignment would be highly advantageous + +**Call premiums are through the roof, and they will only continue to increase as squeeze hype remains/continues to build** + +&#x200B; + +[These are Friday priced 41 day to expire call options for GME. Can you say easy money?](https://preview.redd.it/w1zy2nhfmil61.jpg?width=1440&format=pjpg&auto=webp&s=67ef4cb32b511056f245ff34de23918734bba14f) + +As long as WSB stands behind it, and the r/GME sub exists, the hype and call buying pressure will not subside. But here's the thing: The monumental MOASS that these types all but promise is not a certainty, in fact it is highly improbable. It is my opinion that GME may go through a Tesla-esque short burn, slowly increasing month after month as new shorts pile in, while Cohen and Co release direction and positive news to slowly churn the price higher. This is advantageous to the company and the stock in the long term. I believe it is in the best interest of the company to pursue this strategy. + +&#x200B; + +Selling 30-45 DTE far OTM covered calls will not only give you padding room for squeeze activity, but also pay out rediculous premiums as long as squeeze hype exists. which if you listen to apes, probably will never go away. My strategy: I will sell $300-$400 CCs and use the proceeds to buy more shares on dips, forever increasing my share count and CC selling ability. + + Cheers everyone! all thoughts expressed in this post are my opinion and do not represent investment advice! +I'm a Software Engineer working in Germany, thus getting paid in EUR. Since last year, I've been investing 40% of my salary in **VWCE**. + +I just read the news: + +>The euro slid to the lowest level against the US dollar in two decades as investors grappled with the prospect of an energy crisis that risks tipping the region into a recession. + +[https://www.bloomberg.com/news/articles/2022-07-05/euro-falls-to-lowest-since-2002-against-the-us-dollar](https://www.bloomberg.com/news/articles/2022-07-05/euro-falls-to-lowest-since-2002-against-the-us-dollar) + +Now, it's pretty obvious at this point, that we are opening the box of recession, globally. Investors know that and I assume the market is already being priced for the recession to a certain extent. + +However, as I'm getting paid in EUR, I'd like to understand how the EUR/USD parity change will affect the EU and how I can mitigate the potential losses, in terms of Purchasing Power. I don't want my EUR salary to melt away. + +Based on my market knowledge, I should either start investing in Gold, Silver, Oil, or a relatively stronger currency -- i.e. CHF? + +Is there a better way than these? How do you protect your EUR? +Hi! So I’m relatively new to Reddit and to Europe. Wishing to learn about personal finance... a bit about me: +I (29yo) EU resident ,living in Spain for 4 years(born in Latin America), I have a stable job where I save at least 800 euros per month. My expenses are really low as I am not really a spender. I live in a rental apartment with my partner. Right now I have aprox 7000eu in savings and I am trying to figure out how and where to invest it and subsequently continue investing at least 500eu per month. I Know it’s not much but I’ve worked really hard to get here and wish to maximize my gains. +I have downloaded DEGIRO and bought a vanguard etf just to learn about the app, is it a good plan to put the 500 per month into this? I would gladly appreciate any advise since I feel completely lost and have little understanding of the Spanish tax system. +Thank you! Have a great weekend! +Gavin Adresen posted that he's going to visit CIA to give a presentation at an Emerging conference for the US intelligence community. Remember that he was invited by the CIA for this conference. That means CIA I knew about Bitcoin. + + +This is what he posted + +>I want to get this out in the open because it is the kind of thing that will generate conspiracy theories: I'm going to give a presentation about Bitcoin at CIA Headquarters in June at an emerging technologies conference for the US intelligence community. +> +> +> +>I accepted the invitation to speak because the act that I was invited means Bitcoin is already on their radar, and I think it might be a good chance to talk about why I think Bitcoin will make the world a better place. I think the goals of this project are to create better currency, create a more competitive and efficient international payment incompatible with goals of government. +> +> +> +>I'm only very slightly worried that talking about Bitcoin at the CIA will increase the chances that they'll try to do something we don't want them to do. I think accepting their invitation and being open about exactly what bitcoin is will make it less likely they will see it as a threat. +> +> +> +>PS: Full Disclosure: I'll be paid a one-time fee of $3K to cover expenses and pay me for my time. I don't want any "Gavin is on the CIA's payroll" rumors to get started, either +> +> +> +>as always, comments and questions and discussion welcome. I'd really rather not hear any conspiracy theories about how they will secretly implant a mind-control chip in my head while I'm there, though. + +&#x200B; + +https://preview.redd.it/kg6ngk6hr4w81.jpg?width=1199&format=pjpg&auto=webp&s=8ef5921104fb19d1e9871ea4638dc2ad48cae672 + +After that Mr. Satoshi never made any post again. + +Source: [https://bitcointalk.org/?topic=6652.0](https://bitcointalk.org/?topic=6652.0) +They know there are some paperhands sitting around wondering if they should have sold yesterday while they were even/up after weeks of slowly bleeding the price. They want those people to see a big sell off this morning to make them pull the trigger on the sell button. DONT FALL FOR IT! + +The price is fake, the sells are synthetic. Imagine selling now right before the MOASS? I would never forgive myself if I walked away from life/family changing money because I got nervous. + +The stock market is a place where the patient take money from the impatient!! +Stuff is crashing. You should be aware, there’s a big sell off going on in bonds today. + +Ten year yields are up a lot, which is bad apparently. + +Interest rates expected to go higher, which will amplify the quickness of inflation happening. +(Edit: yes I know the Fed’s say they’re not raising rates. The market however, is reacting as if they will.) + +Dollar velocity expected to increase as the economy reopens, which will further quicken the effect of inflation. + +Multiple bearish patterns in the SPY chart, big bullish cup and handle on SQQQ (I’m in with 267 shares) which is an inverse of Nasdaq 100. + +Last yield curve inversion happened on this day of last year. It signals a crash one year later and has a 100% prediction rate over the last five decades. + + +I only have sqqq; no stonks. Waiting to see SPY down at 350. + +Good luck out there bois. +The other day I was telling a friend that I passed $50 annually in dividends. He asked how much I invested (just above 1k) and he told me thats such a waste, 1k for $50 a year is nothing. What do you tell people like that? + +EDIT: Thanks everyone for the replies, i made some progress with my friend and thankfully he has seen the light! +tl;dr Bloomberg Terminal is either the worst $24,000 investment you'll ever make or the outstanding shares are over 1 billion. That's for you to decide. + +&#x200B; + +I have been wracking my brain for the last couple days trying to make sense of the Bloomberg Terminal ownership screen from last Friday. + +&#x200B; + +[Bloomberg Terminal \(24\/06\/2022\)](https://preview.redd.it/5u6jr65qte891.png?width=1919&format=png&auto=webp&s=da3b1e67c05f2023e3cffae0ffef1703c9d3e9d8) + +&#x200B; + +Screenshot from u/ravada's latest post which you can find [here](https://www.reddit.com/r/Superstonk/comments/vjzda9/24062022_gme_bloomberg_terminal_information/). + +&#x200B; + +I have 3 question. + +&#x200B; + +# 1. Why is insider ownership 0.86%? + +We can say definitively this number is incorrect. We know this from the the GME quarterly reports as well as the insider trading forms RC has filed. + +&#x200B; + +# 2. Why is the institutional % of shares held larger than the institutional % of float held? + +We can say definitively that this number is also incorrect. The only way that you could own more of the outstanding shares than the float is if the float is larger than the outstanding shares. + +&#x200B; + +# 3. Why is the individual ownership 5.6%? + +We can say definitively that this number is also (x2) incorrect. Ape’s have DRS over 15M shares (according to [stonk-o-tracker](https://gme.crazyawesomecompany.com)) + +&#x200B; + +&#x200B; + +Let’s start with the insider shares. I’m going to low ball it and say that the institutional ownership is 9.1M shares. This number is from RC Ventures last insider trading form. The actual insider ownership is higher because the exec team owns shares but I’m going to use 9.1M. + +&#x200B; + +Insider ownership percentage is the shares owned divided by the total outstanding. + +&#x200B; + +(9.1M / 76.13M) \* 100% = 12% + +&#x200B; + +Yahoo Finance has it at 16%. That would be upward of 12M shares, but again I’m lowballing to show how egregious the Bloomberg terminal data is. + +&#x200B; + +9.1M shares of insider ownership makes up 0.86% of the shares outstanding according to Bloomberg. Working backwards, that would make the “real” outstanding shares…. + +&#x200B; + +(9.1M/OS) \* 100% = 0.86% + +OS = 1,058,139,534 + +&#x200B; + +Yes, with a B. That’s over 1B shares outstanding. + +&#x200B; + +But wait! Remember my second question from above? The float is presumably larger than the outstanding shares. How much larger? + +&#x200B; + +Let’s talk through the math because this one is a little trickier. + +&#x200B; + +If I own 42.63 shares and there are 100 outstanding, I own 42.63% of the outstanding shares. + +If I own 42.63 shares and there are X floated, I own 35.55% of the float. + +42.63 shares/X float = 0.3555 + +X Float = 120 shares + +&#x200B; + +So 100 outstanding and 120 float. That was a little disjointed but hopefully you followed. That means the float is….. + +&#x200B; + +Float/OS = 1-(120/100) \* 100% = 20% + +&#x200B; + +20% bigger than the outstanding shares. + +&#x200B; + +Float = 1,058,139,534 \* 1.2 + +**Float = 1,269,767,441 Shares** + +&#x200B; + +Holy moly. And the total value? + +&#x200B; + +Value = 1,269,767,441 \* $125/share + +Value = $158,720,930,100 + +&#x200B; + +**That’s 158.7 Billion Dollars for those that don’t number so good.** + +&#x200B; + +And since we’re here, let’s divid that by the actual outstanding shares of 76.13M + +&#x200B; + +Value per Real Share = $158,720,930,100 / 76,130,000 + +**Value per Real Share = $2084** + +&#x200B; + +One final experiment before I go. Bloomberg has the individual ownership at 5.59%. If you use the real float that’s 4,263,280 shares. Obvious BS because we have locked triple that with DRS. + +&#x200B; + +What if we use the fake outstanding shares? + +&#x200B; + +Individual Ownership = 1,058,139,534 \* 0.056 + +Individual Ownership = 59,225,813 Shares + +&#x200B; + +And for shits and giggles let’s add the insider ownership. + +&#x200B; + +**59,225,813 + 9,100,000 = 68,325,813 shares** + +&#x200B; + +Pretty darn close to the actual outstanding shares. Keep in mind I'm severely lowballing and this doesn't include institutional investors. + +&#x200B; + +Could this be another glitch? Maybe. But this is a $2000 per month tool and you're telling me they can't even get the insider ownership right? I'm not buying it. I think the Terminal is picking up something that we haven't seen from other data sources. + +&#x200B; + +As always call me out if I have made a mistake. This is for entertainment value, not financial advice. Personally, I will keep buying, holding and registering. + +&#x200B; + +&#x200B; + +Edit: Good call out about RC Ventures being an institution and not an insider. But the ownership was disclosed in a Form 4 which is for insider trading. + +&#x200B; + +https://preview.redd.it/vj3avkws3f891.png?width=2168&format=png&auto=webp&s=9468058a72a686132546a0dc656ebf138e5af7b9 +I was reading [this news article](https://www.5paisa.com/blog/reduction-in-number-of-weekly-bank-nifty-contracts). I know that there are weekly options and monthly options. But I don't understand where did this number 7 come from. 5Paisa page has tried to explain it by listing the options from December to February but I didn't understand the rationale behind choosing that time period. Could anyone please explain? +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. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| +|[**Social Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&restrict_sr=1)|||||| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +Guten Tag to this global band of Apes! 👋🦍 + +Welcome to all of you wonderful Apes who normally don't pay attention to the German market action, but are joining us today to see where the the absurd spike in price after the market closed yesterday leads to. We all knew that the price was wrong, but I don't think anyone expected *that*. To summarize for anyone who might have somehow missed it, GME closed up a little bit, but shortly after the markets closed it spiked upward *hard* (on no news) after which articles started appearing trying to attribute the AH spike to reports of GameStop launching an NFT marketplace soon. + +My friends, I do not believe that the spike is related to GameStop's NFT plans. GameStop announced *nothing*, there are no new rumors or spicy speculation, the reports cite anonymous sources, and we've known about their focus on NFTs for most of the last year. There is something else going on, driving incredible upward price momentum, and it has nothing to do with GameStop as a company. This is an indication that someone needs to buy some shares immediately, and chose AH yesterday to begin buying them. It could be that one of the SHFs is jumping to try to close their position first, it could be that someone was margin called. Whatever it is, there is no way that it's over. + +This is a very exciting time to be an Ape with Diamantenhände. Please, if you have been on the fence about DRSing your shares, now is the time to take action and dial up the pressure. I value each and every one of you, and I am eager to see what today brings. + +Today is Friday, January 7th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$156.71 / 138,50 €** *(volume: 17918)* +- 🟩 115 minutes in: $156.63 / 138,43 € *(volume: 17177)* +- 🟩 110 minutes in: $156.60 / 138,40 € *(volume: 16830)* +- 🟩 105 minutes in: $155.89 / 137,77 € *(volume: 16216)* +- ⬜ 100 minutes in: $155.81 / 137,70 € *(volume: 16093)* +- 🟩 95 minutes in: $155.81 / 137,70 € *(volume: 15972)* +- 🟥 90 minutes in: $155.62 / 137,54 € *(volume: 15489)* +- 🟥 85 minutes in: $156.20 / 138,05 € *(volume: 14094)* +- 🟩 80 minutes in: $156.42 / 138,24 € *(volume: 13305)* +- ⬜ 75 minutes in: $156.37 / 138,20 € *(volume: 12197)* +- 🟥 70 minutes in: $156.37 / 138,20 € *(volume: 11893)* +- ⬜ 65 minutes in: $156.54 / 138,35 € *(volume: 11482)* +- ⬜ 60 minutes in: $156.54 / 138,35 € *(volume: 11297)* +- ⬜ 55 minutes in: $156.54 / 138,35 € *(volume: 10900)* +- 🟩 50 minutes in: $156.54 / 138,35 € *(volume: 10672)* +- 🟩 45 minutes in: $156.51 / 138,33 € *(volume: 10325)* +- ⬜ 40 minutes in: $156.49 / 138,30 € *(volume: 9783)* +- 🟩 35 minutes in: $156.49 / 138,30 € *(volume: 9561)* +- 🟩 30 minutes in: $156.42 / 138,24 € *(volume: 9172)* +- 🟩 25 minutes in: $156.19 / 138,04 € *(volume: 8856)* +- 🟩 20 minutes in: $156.12 / 137,98 € *(volume: 7263)* +- 🟥 15 minutes in: $156.09 / 137,95 € *(volume: 6490)* +- 🟥 10 minutes in: $157.76 / 139,43 € *(volume: 5119)* +- 🟩 5 minutes in: $158.98 / 140,50 € *(volume: 3767)* +- 🟩 0 minutes in: $158.69 / 140,25 € *(volume: 1295)* +- 🟩 US close price: $131.03 / 115,80 € *($160.51 / 141,86 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1315. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +[https://www.marketwatch.com/story/coronavirus-creates-a-market-of-haves-and-have-nots-with-the-dow-posting-its-best-2-week-run-in-82-years-amid-22-million-job-losses-2020-04-18?mod=home-page](https://www.marketwatch.com/story/coronavirus-creates-a-market-of-haves-and-have-nots-with-the-dow-posting-its-best-2-week-run-in-82-years-amid-22-million-job-losses-2020-04-18?mod=home-page) + +I'm off the market until sanity comes back. +**Quick background:** Shitadel offered $600M worth of bonds back in 2019. Groups like Standard & Poor’s and Moody’s rated these bonds as mostly junk (Baa3 and BA1). + +FF to last month and Shitadel bonds are up for review again. When Moody’s re-evaluates these ratings, they give specific criteria for what would trigger an upgrade or a downgrade. The criteria is pretty on-the-fucking-nose about what the company is doing. For example, Raymond James Financial is up for review right now and this is the downgrade criteria. + +&#x200B; + +>Raymond James's ratings could be downgraded if the firm were to adopt an aggressive financial policy due to a significant increase in dividends, stock repurchases or a large debt-funded acquisition… + +(From November 9th 2021) + +&#x200B; + +And just under a month later Raymond James drops this. + +[Raymond James Financial Raises Quarterly Dividend, Approves $1 Billion Share Repurchase Authorization](https://www.globenewswire.com/news-release/2021/12/02/2345465/0/en/Raymond-James-Financial-Raises-Quarterly-Dividend-Approves-1-Billion-Share-Repurchase-Authorization.html) + +So, it’s fair to say that Moody’s isn’t just blowing it out their ass with these reviews. + +&#x200B; + +How about Shitadel’s downgrade criteria? + +>CSLP's and its subsidiaries' ratings could be downgraded if its profitability sustainably deteriorates **or if there is evidence of a significant failure in risk management and controls**... + +(From November 22nd 2021) + +&#x200B; + +Holy Moly! + +The upgrade criteria isn’t much better. + +>CSLP's and its subsidiaries' ratings could be upgraded should Moody's conclude its review by assessing that the firm has highly effective capital and liquidity planning for various stress scenarios… + +Yikes. I wonder what sort of stress scenarios they might encounter... + +Reviews usually happen within a 90 day window and I am very much looking forward to this one. + +And hey if you made it this far [here is a little bonus article](https://www.moodys.com/research/Moodys-says-Citadel-Securities-ratings-unaffected-by-debt-upsize--PR_439627) about how Shitadel upsized it’s debt by $1B on \*checks date\* January 27th 2021. Huh. + +Tl;dr hegies are fk, market knows it. +Im trying something new. + +Instead of SAVING as the goal.... my new goal is to not buy things I do not need. + +I started with simply RETURNING all of the dumb shit I did not need or use. Or bought thinking I might need or use something... that turns out... I neither needed nor used. + +Hardware store: $63+ back -- I planned to grill this summer. I swear I made elaborate plans. I bought a mini grill for $58. And... I HAVE NOT USED IT IN THE 3 WEEKS SINCE I GOT IT. That went back to the store. + +Grocery Store: $27 back. Yes, I did return the 42 oz of high-heat grill oil I bought a week back thinking I would grill. I HAVE NOT GRILLED. Returned! Alongside the long grill tongs.. I did not need either of these things. So i returned them. + +Hulu: ~$48 - How did I end up paying $15.99 for this? I cancelled my subscription, emailed customer service, and they refunded the last 3 mos of charges. I have not logged in for that pong. Thanks Hulu. + +Netflix: $20. Not as generous, but you know what? I'm happy they refunded 2 mos of charges for something I wasnt fucking using at all when they could have chosen not to. + +Was it a smidge embarassing to return an unopened walnut oil bottle to the grocery? A little. But not embarrassing enough to justify not getting my $16 back from this gentrified grease. + +You know what's a lot more embarassing? Being $16 short on rent because I was too proud to return some shit I didn't need. + +That's my brokeass thought. + +Stop focusing on saving for just a moment. Focus on returning the money-sucking unimportant things you realize you do not need. Don't spend what you get back. Set it aside for saving. +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! + +**Overview:** + +In the past month or so, we have been seeing a rotation from the tech sector to other industries such as finance and energy sectors. I want to see if there is a way to anticipate the rotation and trade accordingly the thetagang way. I got interested in Relative Rotation Graphs ([RRG](https://school.stockcharts.com/doku.php?id=chart_analysis:rrg_charts)) and wanted to make my own charts with stocks/ETFs that I usually follow. + +**Intro:** + +As a quick intro, RRG is a way to visualize stocks’ relative performance over time, displayed as a scatter plot. The x-axis is the JdK RS-Ratio, which measures the strength of the stock relative to a common benchmark, and the y-axis is the JdK RS-momentum, which measures the rate of change of the JdK RS-Ratio. + +* Stocks in the first quadrant (top right) have positive strength and positive momentum, which means they are leading +* Stock in the second quadrant (bottom right) have positive strength but negative momentum, which means they are weakening +* Stocks in the third quadrant (bottom left) have negative strength and negative momentum, which means they are lagging +* Stocks in the fourth quadrant (top left) have negative strength but positive momentum, which means they are improving + +**Industry Trends:** + +The plot below shows each industry’s performance relative to SPY. Each point indicates a trading day and the last arrow indicates the most recent trading day. We see that energy and basic material have been leading for the past few days while finance has started to weaken. Technology and healthcare have been lagging while utilities and consumer cyclical show signs of improvement. + +[Industry Relative Performance Against SPY](https://preview.redd.it/e3e8j3hzsrl61.png?width=1600&format=png&auto=webp&s=a125fc859318097776dcdbb23ae7e1b11e6b2adc) + +I also plot ETFs that I regularly track. ETFs such as XLB, DIA, XLF, and XLE have been leading in the past few weeks while IWM is weakening and may approach the lagging territory soon. ETFs such as QQQ and XBI have been lagging. ETFs such as XLU and XLV have been improving and may approach the leading territory soon. + +[ETF Relative Performance Against SPY](https://preview.redd.it/sv26pbf4trl61.png?width=1600&format=png&auto=webp&s=f4dba86fcff38d13806e67b8ca30da3bb997b445) + +**Trade Strategy:** + +Based on the plot above, my thetagang strategy would be: + +1. STO CSPs or credit put spreads on stocks that are in or entering the first quadrant (leading) +2. BTC CSPs or credit put spreads on stocks that are in or entering the second quadrant (weakening) +3. STO CCs or credit call spreads on stocks that are in or entering the third quadrant (lagging) +4. BTC CCs or credit call spreads on stocks that are in or entering the fourth quadrant (improving) + +I would love to hear your suggestions and thoughts on trading using RRG. + +**TL;DR**: Use RRG to take into account which stocks to collect premiums and don’t get whipped by rotation. +What's up everyone. Here's an updated list of "popular" stocks with high IV tickers and share price under $50 (for smaller accounts). + +Good luck to all! + +&#x200B; + +|Ticker|Market Cap|Stock Price|IV (%)| +|:-|:-|:-|:-| +|MARA - Marathon Patent Group Inc|1.08B|$16.69|199%| +|RIOT - Riot Blockchain Inc|1.3B|$19.17|196%| +|DGLY - Digital Ally Inc.|95.8M|$3.70|182%| +|AMC - AMC Entertainment Holdings Inc - Class A|330M|$2.04|179%| +|FUBO - fuboTV Inc|1.84B|$27.25|158%| +|BLNK - Blink Charging Co|1.33B|$41.34|138%| +|SBE - Switchback Energy Acquisition Corp - Class A|1.19B|$37.86|133%| +|GSX - Gsx Techedu Inc - ADR|0|$46.54|126%| +|GME - Gamestop Corporation - Class A|1.28B|$18.38|125%| +|LAZR - Luminar Technologies Inc - Class A|6.71B|$30.46|124%| +|ACB - Aurora Cannabis Inc|1.46B|$10.25|124%| +|TLRY - Tilray Inc - Class 2|1.44B|$10.74|121%| +|HYLN - Hyliion Holdings Corporation - Class A|2.49B|$16.07|113%| +|ARCT - Arcturus Therapeutics Holdings Inc|1.21B|$49.08|113%| +|WKHS - Workhorse Group Inc|2.85B|$23.66|109%| +|JMIA - Jumia Technologies Ag - ADR|0|$33.53|109%| +|APXT - Apex Technology Acquisition Corp - Class A|518M|$14.28|108%| +|SRNE - Sorrento Therapeutics Inc|1.85B|$6.98|103%| +|NKLA - Nikola Corporation|6.22B|$16.24|101%| +|CRSR - Corsair Gaming Inc|3.48B|$37.75|101%| +|APHA - Aphria Inc|2.5B|$8.39|101%| +|CODX - Co-Diagnostics Inc|297M|$10.48|98%| +|LL - Lumber Liquidators Holdings Inc|928M|$32.09|97%| +|APPS - Digital Turbine Inc|4.36B|$49.11|96%| +|XPEV - XPeng Inc - ADR|0|$41.52|95%| +|SPCE - Virgin Galactic Holdings Inc - Class A|5.66B|$24.07|95%| +|RIG - Transocean Ltd|1.64B|$2.73|95%| +|HUYA - HUYA Inc - ADR|352M|$20.48|94%| +|CRON - Cronos Group Inc|3.07B|$8.65|93%| +|PLTR - Palantir Technologies Inc - Class A|34.6B|$23.48|90%| +|PLUG - Plug Power Inc|14.5B|$35.01|89%| +|GRWG - GrowGeneration Corp|1.64B|$44.19|88%| +|BBBY - Bed, Bath & Beyond Inc.|2.65B|$20.95|87%| +|COTY - Coty Inc - Class A|5.33B|$6.95|85%| +|CNK - Cinemark Holdings Inc|2.03B|$17.17|82%| +|FOXA - Fox Corporation - Class A|19B|$32.02|82%| +|HOME - At Home Group Inc|1.13B|$17.30|79%| +|M - Macy\`s Inc|3.88B|$12.54|75%| +|CCL - Carnival Corp. (Paired Stock)|22.5B|$20.45|74%| +|SNAP - Snap Inc - Class A|61.5B|$49.76|74%| +|CGC - Canopy Growth Corporation|11.2B|$30.11|74%| +|PSTH - Pershing Square Tontine Holdings Ltd - Class A|5.27B|$26.41|73%| +|X - United States Steel Corp.|4.7B|$21.09|73%| +|GLUU - Glu Mobile Inc|1.53B|$8.86|72%| +|PRPL - Purple Innovation Inc - Class A|2.05B|$33.65|71%| +|NCLH - Norwegian Cruise Line Holdings Ltd|5.23B|$24.38|70%| +|UPWK - Upwork Inc|4.41B|$35.84|68%| +|SAVE - Spirit Airlines Inc|2.37B|$24.25|68%| +|FEYE - FireEye Inc|4.9B|$21.59|68%| +|DKNG - DraftKings Inc - Class A|19.2B|$48.53|67%| +|IQ - iQIYI Inc - ADR|13.6B|$18.64|66%| +|AAL - American Airlines Group Inc|9.39B|$15.48|64%| +|OXY - Occidental Petroleum Corp.|18.6B|$19.96|63%| +|TEVA - Teva- Pharmaceutical Industries Ltd. - ADR|12.1B|$11.03|61%| +|GPS - Gap, Inc.|8.01B|$21.30|60%| +|UAL - United Airlines Holdings Inc|12.7B|$43.35|60%| +|RKT - Rocket Companies Inc Class A|2.23B|$19.36|58%| +|LYFT - Lyft Inc Cls A|14.7B|$47.45|57%| +|CLDR - Cloudera Inc|4.31B|$13.70|57%| +|LB - L Brands Inc|12.1B|$43.47|57%| +|HAL - Halliburton Co.|18.4B|$20.91|56%| +|BIG - Big Lots Inc|1.69B|$45.33|55%| +|ICLN - BlackRock Institutional Trust Company N.A. - BTC iShares Global Clean|5.24B|$31.27|55%| +|MGM - MGM Resorts International|15.4B|$31.18|52%| +|UAA - Under Armour Inc - Class A|7.55B|$17.93|50%| +|NOK - Nokia Corp - ADR|2.66B|$4.05|50%| +|DAL - Delta Air Lines, Inc.|25.8B|$40.23|50%| +|GE - General Electric Co.|99.8B|$11.34|49%| +|DISH - Dish Network Corp - Class A|16.7B|$31.84|48%| +|VALE - Vale S.A. - ADR|96B|$18.14|47%| +|DBX - Dropbox Inc - Class A|6.9B|$21.81|47%| +|ZNGA - Zynga Inc - Class A|10.4B|$9.60|45%| +|DB - Deutsche Bank AG|23.8B|$11.51|44%| +|PCG - PG&E Corp.|24.5B|$12.37|43%| +|BP - BP plc - ADR|79.1B|$23.48|42%| +|ALLY - Ally Financial Inc|13.8B|$37.16|42%| +|LUV - Southwest Airlines Co|27.6B|$46.40|42%| +|PBR - Petroleo Brasileiro S.A. Petrobras - ADR|24.4B|$11.65|41%| +|WBA - Walgreens Boots Alliance Inc|37.2B|$43.17|41%| +|GM - General Motors Company|61.5B|$42.98|41%| +|WFC - Wells Fargo & Co.|135B|$32.62|40%| +|F - Ford Motor Co.|34.5B|$8.87|40%| +|HSBC - HSBC Holdings plc - ADR|115B|$28.13|39%| +|ARKF - ARK ETF Trust - ARK Fintech Innovation ETF|1.95B|$49.42|38%| +|XOM - Exxon Mobil Corp.|189B|$44.64|38%| +|GOLD - Barrick Gold Corp.|43.6B|$24.46|38%| +|FIT - Fitbit Inc - Class A|1.72B|$7.03|37%| +|WMB - Williams Cos Inc|26.1B|$21.54|33%| +|BK - Bank Of New York Mellon Corp|39.9B|$45.03|33%| +|BAC - Bank Of America Corp.|278B|$32.05|32%| +|HPQ - HP Inc|32.2B|$24.98|31%| +|PFE - Pfizer Inc.|205B|$36.79|30%| +|MO - Altria Group Inc.|77B|$41.42|27%| +|T - AT&T, Inc.|213B|$29.84|24%| +|KR - Kroger Co.|24.5B|$32.15|24%| +|CSCO - Cisco Systems, Inc.|188B|$44.48|22%| +|WORK - Slack Technologies Inc - Class A|20.4B|$41.73|16%| +After hours is a place where lately the price only moves a few cents. We are $12 down on all buy volume. I haven’t seen this except right before, and during the 3 times the price has peaked. + +I believe the market will open tomorrow and the price will go down hard and then slingshot. +$3/day is $1095/year; $91.25 a month. What could you do with an extra $100 a month? + +The rule is simple. I save three dollars a day. Somewhere, Somehow. At first this was as easy as not buying a coffee in the morning. Or not stopping for fast food on the way home. Now it is paying debt early, moving money around, more complex financial transactions. But, sometimes, it is still as easy as not buying coffee. + +The point is, the dollar amount made me THINK about how I handled money. It gave me a simple way to introduce myself to the idea of money as a future commodity. Pick your own amount. Pick your own way. But if you have trouble getting past the mental hurdle of digging out of debt and gaining financial independence. This trick may just help you. +29 f single mom to 3 boys (11, 7, 5). I left a verbally abusive marriage in June of 2018. The previous 4 years I had been a stay at home parent and did not hold a job outside the home. I've changed jobs 5 times in 4 years, each move a step up(higher pay, benefits, flexibility). My boys and I spent 3 years living with my parents while I worked on getting on my feet. I was left with horrible credit due to my ex taking out loans/credit cards in my name(one of the reasons I finally left). November 2021 I was finally able to secure an apartment for my boys and I. It was income based and I just barely qualified. Struggled for the next 10 months but finally had our own space. August of this year I received a call that would change our lives. I was offered a job that almost doubled my income. So much has changed since then. Apartment lease is up so we're moving into a house(I hope in a year to be able to buy), have been paying off remaining debt, and started a savings account. But the oh shit I THINK I'm making it moment? I took my boys grocery shopping and instead of our usual routine of "ok it's your week to pick the cereal or snack for everyone"... Each of my boys was able to pick their own snacks for the week and we got TWO boxes of cereal. + +I know it's not the end of the world for them to know money was tight. But holy cow... the looks on their faces when I said that to them... I cried right there in the store. My oldest kept asking if I was sure and said "it's ok, I like what my brother picked", until I finally assured him enough that it was ok, he could pick his own snack. He's my OG, and being the oldest he's seen the struggle and seen the tears, he's seen mama break down and skip meals. To see that joy and relief in his eyes when it clicked that "we're good now". I just cannot even describe it. + +A year ago I didn't think I'd ever be here, but here I am scaling the other side of the pit, clawing my way out. + +Don't give up. +I’ve recently received a job offer in Germany. Given the complexity of tax differences and exchange rate differences I’m hoping someone who’s been through the same can provide some insight. + +Current US - PA based job: +$87,000 + 10% annual bonus potential +27 PTO days, 3% 401k match, benefits. +In addition to PA state income tax, where I live I’m subject to a 2.1% local income tax. + +We own our home - Owe $214K, it’s valued at $250. Property taxes are around $7k per year. + +We have 2 cars, 1 paid off, other with a $440 monthly payment (owe $22k, valued at $25k) + +Kids are in school - grades 11, 2, and pre school. They currently do no speak German. Wife does not either. + +The job offer is in the Frankfurt, Germany area, though my actual sphere of responsibility would cover from Köln down to include all of Switzerland. I speak the language relatively fluently. + +Job offer is at €92,000 + 48% annual bonus potential. Company car is provided with an unlimited use gas card (can be used for personal use). Car is taxed to personal income at 1%. + +35 PTO days per year. Relocation Package, Housing assistance until we sell our home, 6 severance package + return package if I loose the job without cause (bankruptcy, downsizing, etc). + +I don’t have a full grasp on how medical works in Germany or the tax system. I’ve done some research and it appears that the first $100k made as an expat is not taxed in the US. I know the tax rate in Germany is significantly higher. + +A few things I’m looking to figure out - what are the real Net #s likely to be in Germany? Is moving a family that doesn’t speak a language (but are all willing to learn) a bad move? I know grocery and rental costs tend to be lower in Germany. The biggest COL difference is gas and that’s covered via the unlimited use car/gas allowance. + +Any insights would be very helpful. + + +EDIT: Thank to everyone who responded! A lot to digest here. We’ve already sat as a family and had initial discussions - there’s excitement and apprehension all around. + +Will probably take a trip there with the family to expose them firsthand (wife and middle child have been, oldest has never been) and see how they feel afterwards. + +Thanks again everyone! +Hello, + +Looking for some long term ETF investments for my children. They are currently 10 and we have saved about 4K cash. Thinking about putting 1k into two dividend ETFs (1 U.K. 1 global) 1K into green energy and 1k into emerging tech. Planning for the long term the next 10/15 years. + +Any suggestions/advice? What do you do? +I've recently landed a new role at a well known company which has a substantially bigger comp package. I've only been at the role for 2 months and I've already had 1 friend and 1 distant family member get in touch and subtly ask for some 'financial help' (1x 'invest in my business' 1x 'times are tough, can you help'). I find the situation very awkward and uncomfortable. Ofc, if I genuinely thought someone needed my help and they were close to me I would help, but I'm pretty certain neither of these 2 people need my help or are particularly close to me. How do people go about saying no to these sort of requests and also how do you make it clear it is not appropriate? +A few hours ago, Vitalik participated in a [Twitter conversation](https://twitter.com/vitalikbuterin/status/1133188901508648960?s=12) in which he highlighted some of the best features of Ethereum's DeFi ("decentralized finance") movement. + +Vitalik proposed a mashup of three of the best open finance projects on Ethereum: (1) Uniswap, (2) Maker, and (3) Compound. Uniswap allows you to trade against a pool of liquidity; Maker mints the stablecoin Dai; Compound allows you to earn interest, or borrow against a pool of liquidity. A few days ago, Compound [launched v2](https://medium.com/compound-finance/compound-v2-is-live-157db0b7cfc8) of their protocol, in which earning interest is "tokenized"; you can mint "cDAI", which is interest-bearing DAI (the interest comes from borrowers). + +Here's how the mashup would work: a Uniswap ETH/cDAI pool would allow users to trade between Ether, and interest-bearing DAI; contrasted with the current ETH/DAI pool (which consistently trades 200k+ DAI/day). It would be an automated exchange, where the market-makers are earning interest on their assets while they provide liquidity. + +If you want to participate (and are super advanced), the contract addresses are below: + +DAI: [https://etherscan.io/token/0x89d24a6b4ccb1b6faa2625fe562bdd9a23260359](https://etherscan.io/token/0x89d24a6b4ccb1b6faa2625fe562bdd9a23260359) + +cDAI: [https://etherscan.io/token/0xf5dce57282a584d2746faf1593d3121fcac444dc](https://etherscan.io/token/0xf5dce57282a584d2746faf1593d3121fcac444dc) + +Uniswap ETH/cDAI: [https://etherscan.io/address/0x45a2fdfed7f7a2c791fb1bdf6075b83fad821dde/](https://etherscan.io/address/0x45a2fdfed7f7a2c791fb1bdf6075b83fad821dde/) + +Uniswap: [https://uniswap.exchange/add-liquidity](https://uniswap.exchange/add-liquidity) (then search by 0xf5dce57282a584d2746faf1593d3121fcac444dc) + +Whether you've had a chance to use these tools or not yet, DeFi is absolutely one of the most exciting things happening in crypto right now. Period. +At exactly 11.50am, there was a massive transaction of roughly 93 million units of spy traded. To put it into perspective, 5 day average is 88 million. + +&#x200B; + +What do you think happened? + +Liquidations? + +options? + +New NSCC rule playing out? + +Personally, I believe it was a transfer of assets to the NSCC/DTC to regain collateral. Some one blew up Archegos style and this time it was someone who is a member of DTCC. + +We will see some news about it in a few days, but I really want to know what you think. + +&#x200B; + +Cheers +Mainly thinking along the lines of Virgin Galactic's tourism trips. Anyone here ordered tickets or have any experience? + +I know in the past, there's been 8 different space tourists that I'm aware of, and they each paid about $20-25 Million a head to travel with Space Adventures, and while that is definitely FAT territory, it's probably still out of reach of 99% of people on this sub, but it's still a really cool concept. + +However, Virgin Galactic has been making some serious progress and at $250k/person for a 2.5 hour flight including 6 minutes of weightlessness past the boundary of space seems definitely within reach of a lot of this sub. Anyone here bought tickets or planning to buy tickets once they've reached fat? +Wouldn’t it be sick to start a garage band hedgefund with your best friend and spend all day finding good trades and building a strategy. Too bad I don’t know anyone irl that’s into options like I am.... anyone here live in San Diego California... +I mentioned I had a friend who invests at Interactive Brokers and mentioned my account balances at Vanguard and other competitors. + +After a process where they submitted my requested rate, they were able to give me a 2.5% margin rate which is substantially better than the advertised rates. +There doesn’t seem to be too much commentary on the direction your property faces as a factor or consideration when discussing the dealbreakers and must-haves when looking for a new home. + +I'm currently looking for my first apartment, I’ve noticed especially with the new buildings, these are largely single aspect facing whereas the older 60s’ buildings have multiple aspects (another con of buying in a new building but that’s a whole other conversation). Those with single aspects, do you get enough light? + +For wellbeing reasons, it is a dealbreaker for me and one of the first things I look at when I see a floor plan. I have my eye on an apartment that faces North-West, does anyone have experience with this aspect? + +Also, while facing west gets a bad rap, I wouldn’t mind this as a secondary aspect if it’s not the main area i.e living space as I’d rather afternoon light than no light at all. + +Would love to hear the thoughts on how important aspect is to everyone else and whether you regret getting a single aspect apartment and/or not prioritising natural light when purchasing? + I'm a simple man that has had simple means to make something beautiful happen over the last 2 years. There comes a time when life calls that you need to make sure you take care of things a bit around the house. This is one of those times. + +I have a car that's a 1995 that is sitting in the shop right now that I'm not sure can be fixed. + +Meanwhile the van that I'm driving is a 1999 and it's my DJ business ride with a frame that's rusting out that probably won't last another year. + +Today I find out my 1996 Olds 98 has been stolen. This is my son's car that I haven't heard from in about a month. I'm not particularly sure that his story lines up and I'm working on things right now to rectify the situation. I'm driving around looking for that car right now because I will take that thing back because it's in my name and I need wheels. + +I have sacrificed so much over the years for my family and I have a little bit of an asset right here that can make things a little better. I'm only cashing out what I need to get things rolling again. + +It's time to make things move on the homefront. Take profit when it makes sense. Hodl the rest and Pay your taxes. + +So what car do I buy? I promise you any car that I buy now still going to be at least 10 years old. Cars depreciate and no one should lose money over such an overrated image. No one cares about Italian Tractors. + +Thank you Ethtrader. Big Hugs from KC. + + +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% +I (along with probably most of the country) am about to be hit by a massive price increase in my energy bills. I live in a two bed flat that I share with a housemate. We pay £124 a month(!!) for gas and electricity to OVO energy on their bog standard "simpler energy" tarrif. Our usage is about 245kwh a month for electricity, 2250kwh for gas. That price is going to nearly double from April. The flat is EPC rated as C, and it certainly isn't the most energy efficient, but it just seems ridiculous. + +Is there anything I can do? We are on a variable tariff unfortunately and there seems to be no way to switch on to a fixed tariff without taking a significant price increase (more even than the price will go up in April). + +Has anyone got any recommendations at all for dealing with this insane price increase? Is there anything that can be done? I just can't wrap my head around already paying over a hundred a month for a fairly small flat, and that we will probably be paying almost £200 in a few months. + +**Edit: +That gas usage (I have just realised) is a bit misleading. I just looked at the last couple of months which is obviously winter only. Gas usage in the summer is more like 260kwh. Highest usage would be January this year, 2413 kWh (for 18 degrees on the thermostat during the day, 15 at night (11pm-7am)) +I recently changed jobs and you can’t participate in the 401k program until you’ve been with the company for 1 year. I’m in my 50s and I’m worried about missing out on a whole year of 401k investment growth. My wife and I both have Roth IRA’s but the contribution limit is so limited compared a 401k that we’ll easily max them out. Any suggestions work be greatly appreciated. +I just lost \~9.5k on WKHS. By far the biggest realized loss of my investing career on a single ticker. I learned to avoid binary events as they are terrible for option sellers (premium wasn't even close to enough to compensate the huge crash) and to avoid selling too many contracts on companies I don't know inside and out. I do quick DD on everything but I'm going to limit myself to 2-3 contracts on any company I'm doing a swing play with and I haven't dove deep on. Also thinking of limiting myself only to defined risk trades (spreads) on any company I haven't dove deep on... Would have saved my ass on WKHS if I protected my downside. + +Anyone else want to share their Ls? +I covered my opinion in the title, but here is some decentralized filler I wrote: + +This is a determined filing, for devoted fighters with degenerate fingers, set to denounce Fintel's defective findings by demythologizing fictions in a decorated finale of seemingly demented fixes. The decrepit fiasco of derivative filching by defrauder firms is to have it's dense filth deconstructed finally in a demonstrative fire, designed firmly to defeat fictiveness, to declare fiscal freedom a deserved fixture, and to debase fiendish, demoralized financiers who somehow still deny finality of their defiled fiat. +I am a complete nerd when it comes to finances, and programming. Since I couldn't find a simulator to answer the title question, I decided to seek out answering it myself using Shiller's data. The idea is one that is obvious at face value but one that I think a lot of people can't quite wrap their minds around... that is, the market ebb and flow directly impacts our FIRE plans much more than we think. To use an analogy, if you're putting a boat into the ocean... running out when the water is receding can get you there much faster/smoother than deciding to run into the water as it's peaking on the shore and dealing with a shallow launch. The ocean is easy to anticipate in these situations, however the markets we watch... not so much. Getting out of the market when we're in a recession is ideal... though usually the opposite happens and we bail after a bull, just in time for the market to recede. + +I wrote this a couple years ago and will update the numbers to include that last two years if people are interested... I can also make the salaries and savings rates a bit more aggressive (30%, 40%, 50%) to match what many in the FIRE community are working towards. Let me know your thoughts. It's all just variables in the program, easy to adjust :) + +=== + +I came up with this first pass simplistic model, to outline what a difference a decade can make in when you started your working career. I'm fascinated by this, although it doesn't come as any surprise that getting horrible returns (or a recession) just before retirement would be a bad thing, it is still interesting to think that our ability (or rather the ease at which we get there) to create financial freedom from the market also depends on factors outside of our control. + + +Modeling Wealth Accumulation: + + +In this example I decided to explore what happens when a person consistently saves over their career. For this one I decided to make this accumulation phase 40 years (which could roughly correlate to someone starting to work at 22 and retiring at 62). I could tweak these numbers (and will in future models) but decided to just keep it simple for this first pass. So in this example we will assume the following: + + +* Starting Salary (in 2016 dollars) $30,000; individual saves 15% of salary every year for 40 years + +* Annual salary raises of inflation + 1.25% (which would bring the persons salary to $48,699 at the age of 62, in 2016 dollars) + +* (CPI) numbers are used in order to factor out inflation - or bring all examples to 2016 dollars. This allows us to compare market conditions in 1880s (using 2016 dollars) based on the above assumptions, to get apples to apples comparison of performance. Basically, we're not looking at the actual growth of your money in real value, but rather the growth minus inflation... or what your buying power would increase to. (It does no good to say today... yay I'll have $1,000,000 in retirement in 2050... if things cost twice as much in 2050 as they do today, then it's be better to think of that as you'll actually only have $500,000 in 2016 dollars once you reached 2050. + + +**Results:** + +Over a career of 40 years with an initial salary of $30,000 (2016 dollars) and a 1.25% raise each year, setting aside 15% of your salary towards retirement... you would have set aside a total of $231,703 (2016 dollars) into your retirement account. The worst year to have started working would have been 1881, because a combination of inflation an lackluster market conditions in 1915-1920 would conspire to inhibit your retirement account as it reached the finish line. Despite 40 years of compounding and growth, you'd end up with just $370,769 in 2016 dollars (knowing what we know about the great depression... you'd likely experience a roller coaster in retirement as you'd see your account skyrocket in the 20's only to CRASH hard in 1929). It's no wonder my great grandfathers generation was so conservative when it came to investing. Their parents lived this, and they grew up in that environment. + + +The best year to have started your career would have been 1926, makes sense that starting your accumulation phase just as the depression hit would award you a starting point of buying equities on extreme sale. This is why people shouldn't run from recession markets but rather embrace them for the discount that they are. Strong market conditions in the late 60's led this person to a final figure of $2,110,297 + + +Another interesting point is just how big a difference a few years can make... based on when you started accumulating. Someone who started working in 1968 would have seen their retirement account grow to $1,228,427 by 1998... but someone starting just two years later would have ended up with $692,122 because the last year before retirement they would have been hit by the dot com bust. + + +That's an anomaly, the median result of that kind of accumulation period is to end up somewhere in the $900K-$1.1M range. About half of all results fell in that range. But there were periods of time where the market continuously was above it... example starting your career between 1912 and 1934 always left you with above $1.1 million... and a median return around $1.7 million, with four of the cycles ending with above $2 million. + + +This brings me to an important point about this model... it's not all that ideal because people tend to move towards more conservative investments (introducing bonds) as they get closer to retirement. I'm going to track down the inflation adjusted bond return numbers and create an Asset Allocation situation for my next model that will follow this framework but have someone shift slowly towards more conservative investments in the later years of their accumulation phase. Also, what ends up happening is that people who don't quite have enough just work a few years longer... so the strict 40 years isn't all that realistic... but still helps to hammer down the point that even if you're diligent with savings, the market factors still dictate a bit of when you can actually pull the plug on working. + + +What might be more meaningful is to look at how many years (from each start date) it takes to accumulate say $1.5M by saving 15% of your salary every year (using the above figures 15% savings of a $30K salary that grew to $48,699 over your career -- all figures adjusted for inflation to be in today's dollars). + + +Here are the results... +YEAR STARTED: 1871 bank passes $1.5M after 53 years +YEAR STARTED: 1872 bank passes $1.5M after 52 years +YEAR STARTED: 1873 bank passes $1.5M after 51 years +YEAR STARTED: 1874 bank passes $1.5M after 51 years +YEAR STARTED: 1875 bank passes $1.5M after 50 years +YEAR STARTED: 1876 bank passes $1.5M after 49 years +YEAR STARTED: 1877 bank passes $1.5M after 49 years +YEAR STARTED: 1878 bank passes $1.5M after 49 years +YEAR STARTED: 1879 bank passes $1.5M after 48 years +YEAR STARTED: 1880 bank passes $1.5M after 47 years +YEAR STARTED: 1881 bank passes $1.5M after 46 years +YEAR STARTED: 1882 bank passes $1.5M after 45 years +YEAR STARTED: 1883 bank passes $1.5M after 45 years +YEAR STARTED: 1884 bank passes $1.5M after 44 years +YEAR STARTED: 1885 bank passes $1.5M after 43 years +YEAR STARTED: 1886 bank passes $1.5M after 42 years +YEAR STARTED: 1887 bank passes $1.5M after 41 years +YEAR STARTED: 1888 bank passes $1.5M after 40 years +YEAR STARTED: 1889 bank passes $1.5M after 46 years +YEAR STARTED: 1890 bank passes $1.5M after 46 years +YEAR STARTED: 1891 bank passes $1.5M after 45 years +YEAR STARTED: 1892 bank passes $1.5M after 44 years +YEAR STARTED: 1893 bank passes $1.5M after 43 years +YEAR STARTED: 1894 bank passes $1.5M after 50 years +YEAR STARTED: 1895 bank passes $1.5M after 50 years +YEAR STARTED: 1896 bank passes $1.5M after 49 years +YEAR STARTED: 1897 bank passes $1.5M after 48 years +YEAR STARTED: 1898 bank passes $1.5M after 47 years +YEAR STARTED: 1899 bank passes $1.5M after 46 years +YEAR STARTED: 1900 bank passes $1.5M after 50 years +YEAR STARTED: 1901 bank passes $1.5M after 49 years +YEAR STARTED: 1902 bank passes $1.5M after 48 years +YEAR STARTED: 1903 bank passes $1.5M after 48 years +YEAR STARTED: 1904 bank passes $1.5M after 47 years +YEAR STARTED: 1905 bank passes $1.5M after 46 years +YEAR STARTED: 1906 bank passes $1.5M after 46 years +YEAR STARTED: 1907 bank passes $1.5M after 45 years +YEAR STARTED: 1908 bank passes $1.5M after 44 years +YEAR STARTED: 1909 bank passes $1.5M after 45 years +YEAR STARTED: 1910 bank passes $1.5M after 44 years +YEAR STARTED: 1911 bank passes $1.5M after 43 years +YEAR STARTED: 1912 bank passes $1.5M after 42 years +YEAR STARTED: 1913 bank passes $1.5M after 41 years +YEAR STARTED: 1914 bank passes $1.5M after 40 years +YEAR STARTED: 1915 bank passes $1.5M after 39 years +YEAR STARTED: 1916 bank passes $1.5M after 38 years +YEAR STARTED: 1917 bank passes $1.5M after 38 years +YEAR STARTED: 1918 bank passes $1.5M after 37 years +YEAR STARTED: 1919 bank passes $1.5M after 36 years +YEAR STARTED: 1920 bank passes $1.5M after 36 years +YEAR STARTED: 1921 bank passes $1.5M after 37 years +YEAR STARTED: 1922 bank passes $1.5M after 36 years +YEAR STARTED: 1923 bank passes $1.5M after 37 years +YEAR STARTED: 1924 bank passes $1.5M after 37 years +YEAR STARTED: 1925 bank passes $1.5M after 36 years +YEAR STARTED: 1926 bank passes $1.5M after 37 years +YEAR STARTED: 1927 bank passes $1.5M after 36 years +YEAR STARTED: 1928 bank passes $1.5M after 36 years +YEAR STARTED: 1929 bank passes $1.5M after 35 years +YEAR STARTED: 1930 bank passes $1.5M after 34 years +YEAR STARTED: 1931 bank passes $1.5M after 34 years +YEAR STARTED: 1932 bank passes $1.5M after 36 years +YEAR STARTED: 1933 bank passes $1.5M after 39 years +YEAR STARTED: 1934 bank passes $1.5M after 49 years +YEAR STARTED: 1935 bank passes $1.5M after 49 years +YEAR STARTED: 1936 bank passes $1.5M after 49 years +YEAR STARTED: 1937 bank passes $1.5M after 48 years +YEAR STARTED: 1938 bank passes $1.5M after 47 years +YEAR STARTED: 1939 bank passes $1.5M after 47 years +YEAR STARTED: 1940 bank passes $1.5M after 46 years +YEAR STARTED: 1941 bank passes $1.5M after 45 years +YEAR STARTED: 1942 bank passes $1.5M after 44 years +YEAR STARTED: 1943 bank passes $1.5M after 46 years +YEAR STARTED: 1944 bank passes $1.5M after 45 years +YEAR STARTED: 1945 bank passes $1.5M after 46 years +YEAR STARTED: 1946 bank passes $1.5M after 45 years +YEAR STARTED: 1947 bank passes $1.5M after 45 years +YEAR STARTED: 1948 bank passes $1.5M after 45 years +YEAR STARTED: 1949 bank passes $1.5M after 46 years +YEAR STARTED: 1950 bank passes $1.5M after 45 years +YEAR STARTED: 1951 bank passes $1.5M after 45 years +YEAR STARTED: 1952 bank passes $1.5M after 44 years +YEAR STARTED: 1953 bank passes $1.5M after 43 years +YEAR STARTED: 1954 bank passes $1.5M after 43 years +YEAR STARTED: 1955 bank passes $1.5M after 42 years +YEAR STARTED: 1956 bank passes $1.5M after 41 years +YEAR STARTED: 1957 bank passes $1.5M after 41 years +YEAR STARTED: 1958 bank passes $1.5M after 40 years +YEAR STARTED: 1959 bank passes $1.5M after 39 years +YEAR STARTED: 1960 bank passes $1.5M after 38 years +YEAR STARTED: 1961 bank passes $1.5M after 38 years +YEAR STARTED: 1962 bank passes $1.5M after 37 years +YEAR STARTED: 1963 bank passes $1.5M after 36 years +YEAR STARTED: 1964 bank passes $1.5M after 48 years +YEAR STARTED: 1965 bank passes $1.5M after 48 years +YEAR STARTED: 1966 bank passes $1.5M after 47 years +YEAR STARTED: 1967 bank passes $1.5M after 46 years +YEAR STARTED: 1968 bank passes $1.5M after 45 years +YEAR STARTED: 1969 bank passes $1.5M after 44 years +YEAR STARTED: 1970 bank passes $1.5M after 44 years +YEAR STARTED: 1971 bank passes $1.5M after 43 years + + +What I found particularly remarkable about these results is that someone who started working in 1931 setting aside 15% of their modest pay reached $1.5M in just 34 years... while someone who started just 3 years later in 1934 had to work an extra 15 years longer to achieve the same level of financial security. A combination of inflation in the 70's and a 50% surge in the market in 1933 that got the compounding started early, created this disparity.\* + +&#x200B; + +As I mentioned above, I'm open to suggestions on how to change the variables to get a more meaningful study of the market as it would fit the FIRE community. My guess is that a larger savings rate and shorter period of accumulation smooths these figures off a bit, however the actual year you start to save will still have a significant say in how market compounding impacts your FIRE timeline. +Well, you've all gone a little quiet over the last fortnight. + +I guess rivers of blood pouring out of the portfolio puts us all in a slightly less provocative mood when it comes to making foolish claims and bets. + +That's fair enough I guess, plus it has the added bonus of giving **Mods** less shit to keep a track of so no complaints here, other than the whole nasty red market business... + +Still there has been a little action so roll up your sleeves and lets dive in to the murkiness of your collective Autism exposed. + +&#x200B; + +**HIGHLIGHTS** + +&#x200B; + +\- **60,000+ Members**. Fuck me. + +&#x200B; + +\- Don't forget about the [Birthday Celebrations](https://www.reddit.com/r/ASX_Bets/comments/m1541g/500_flair_shakedown_vote_birthday_locations/?utm_source=share&utm_medium=web2x&context=3). + +Venues have been chosen, times are set and its your chance to meet the folks you spend more time with than the Missus. + +Plus, we wont judge you for losing all that money. Mostly.... + +&#x200B; + +\- Good to see some quality shit posting happening during the Red Wedding week, at least keeping a sense of humor hopefully stops some of us from panic selling. + +&#x200B; + +\- u/noobinvestin has been playing in the big boy sand pit, with YOLO's on [ALG ($135K)](https://www.reddit.com/r/ASX_Bets/comments/lxe2e3/135k_on_alg/?utm_source=share&utm_medium=web2x&context=3), [APT ($140k)](https://www.reddit.com/r/ASX_Bets/comments/m111ec/premarket_thread_for_general_trading_and_plans/gqb831c?utm_source=share&utm_medium=web2x&context=3) and old [Z1PPY ($115k)](https://www.reddit.com/r/ASX_Bets/comments/m111ec/premarket_thread_for_general_trading_and_plans/gqb831c?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/zanven42 has a big play happening on [PLL.](https://www.reddit.com/r/ASX_Bets/comments/lwl0u4/sometimes_you_just_gotta_send_it_full_savings/?utm_source=share&utm_medium=web2x&context=3) + +Some mad coward gains here for this user. + +&#x200B; + +\- The [Charity Flair](https://www.reddit.com/r/ASX_Bets/comments/m1541g/500_flair_shakedown_vote_birthday_locations/?utm_source=share&utm_medium=web2x&context=3) vote came in, **$500** to a registered charity gets you a honorable mention and the warm fuzzy of being a decent human who is giving back to the community that allows them the freedom to gamble degenerately on MeMe stonks. + +&#x200B; + +&#x200B; + +**NEW BETS** + +&#x200B; + +We have a bunch on the **LKE $1 by Easter** Ban-Wagon, so here is a reminder of where all our players are currently sitting and what is on the line. + +&#x200B; + +\- u/EvilShogun has bet **IOU** to hit $1 by the end of the financial year or they will post the [survey post](https://www.reddit.com/r/ASX_Bets/comments/lsj8c5/market_open_thread_for_general_trading_and_plans/gosd8b9?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/FameLuck reckons **BPH** gets [approval](https://www.reddit.com/r/ASX_Bets/comments/lxbdeh/i_have_used_this_picture_before_but_its_more/gpml9ts?utm_source=share&utm_medium=web2x&context=3) or they will take a year ban. + +&#x200B; + + \- [u/nomadnobad](https://www.reddit.com/u/nomadnobad/) has jumped on the **LKE** train, with [a $1 by Easter or Ban bet.](https://www.reddit.com/r/ASX_Bets/comments/legmkg/my_fellow_lketards_welcome_to_the_game_of_hands/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- [u/LackOk2824](https://www.reddit.com/user/LackOk2824/) has made a **Perma-Ban** bet with the mods, by their reckoning [LKE will be $1 by Easter](https://www.reddit.com/r/ASX_Bets/comments/l2g0sm/to_all_my_lke_autists/gk59cud?utm_source=share&utm_medium=web2x&context=3). + + + +\- [u/mercuryingatoraade](https://www.reddit.com/u/mercuryingatoraade/) has bet that **LKE** will be $1 by Easter or they will [dye their fucking hair purple](https://www.reddit.com/r/ASX_Bets/comments/l4j654/daily_thread_for_general_trading_and_plans_for/gksfivh?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +&#x200B; + +**BANS** + +&#x200B; + +\- All those deserving of bans from the [Last Bans Post](https://www.reddit.com/r/ASX_Bets/comments/lsqui8/loss_porn_tattoos_and_a_degenerate_returns_bans/?utm_source=share&utm_medium=web2x&context=3) have received them. + +&#x200B; + +\-We have another limp dick piece of shit who has scarpered from honoring a bet. + +u/limputg made a [pube bet](https://www.reddit.com/r/ASX_Bets/comments/l9umhw/which_stocks_are_you_long_on_fk_off_with_ur_penny/glka6mw?utm_source=share&utm_medium=web2x&context=3) with the Mods, claiming **4DS** would be at 30c by the end of Feb. + +User has been contacted and in cowardly fashion has gone silent. + +We deal with this only 1 way, u/limputg has received a **PERMA BAN** and will never again pollute our sub with false claims. + +&#x200B; + +\- [u/Calm-Attention-6779](https://www.reddit.com/u/Calm-Attention-6779/) banned for [proof or ban.](https://www.reddit.com/r/ASX_Bets/comments/lsk7ue/checking_my_portfolio_this_morning/gots8ih?utm_source=share&utm_medium=web2x&context=3) + +Pretty simple really yet an unsettling amount still don't seem to get it. + +&#x200B; + +\- One of our Sub Veterans, u/VPforFREE has sacrificed themselves as a lemming to the siren song of the [survey post](https://www.reddit.com/r/ASX_Bets/comments/lskzfk/this_is_for_my_own_good_seeya_retards_its_been/?utm_source=share&utm_medium=web2x&context=3). + +We shall miss your Sweet Candy Ass, this flair will no longer be gracing your daily thread with their Autistic Musings. + +&#x200B; + +\- The Survey Post Bans are up to about 7 trillion years, if you wish to peruse the carnage search the sub for the ''***User was Banned for this Post***'' Flair. + +&#x200B; + +\- We also have a bunch of users banned for spam, I would list them all but frankly spammers are not worth the effort. + +&#x200B; + +&#x200B; + +**COMING DUE:** + +&#x200B; + +\- All the shit from [last time...](https://www.reddit.com/r/ASX_Bets/comments/lsqui8/loss_porn_tattoos_and_a_degenerate_returns_bans/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +&#x200B; + +**TLDR:** Απολαύστε τις γιορτές γενεθλίων +I got a promotion at work. I went from waiting tables, to being a trainer while serving, to now being a key holding assistant manager. The hours suck and I have a lot of things about my new position don’t enjoy, such as working 50+ hours a week and being on a rotating schedule. But I get $16 an hour. That’s huge to me. Ever since I graduated college in 2010, I’ve struggled and not even made it paycheck to paycheck. +I’ve been in this new position for almost two months. I have a little over $2,000 in my daily account that I’m using to pay my bills and my debts. Most importantly, I have my first emergency fund with $550. It’s worth all the hard work I’m putting in to make myself stable, for the first time ever. +My friend found this investment group called ReLion Asset Management and he's already put $4000 into the "firm". They guarantee at least 1% every day and sure enough he's shown me the multiple deposits of $40 in his account. He also has successfully withdrawn and deposited the "returns" back into his personal account. Both times he attempted it, it was very straightforward and reasonable times to withdraw. Now that it's worked he of course is reinvesting his returns. + +Am I misunderstanding or is this company guaranteeing 365% returns every year? I'm a complete investment newbie so I might be misunderstanding, but is that not absolutely insane? I of course have googled the company and I'm not finding anything explicitly saying they're a scam but I'm also not sure how to legitimize them either. + +How can you definitively legitimize a financial institution or investment group anyways? + +He also sent me their verification documents which appears to be a badly photoshopped SEC filing, but again I don't know enough to recognize a legitimate or fake one. If someone tells me how, I can post the pictures. + +Edit: thanks for everyone's insight! I appreciate those who are actually trying to educate rather than pass judgment. It's clearly a scam simply due to the guaranteed high rate of return. I'll forward this on to my friend and we'll try to alert the appropriate authorities + +Edit2: my friend was very receptive to my feedback and is now reporting the scheme to the appropriate authorities and is attempting to pull out all his "investment". Fingers crossed +I am interested in hearing a bull case for doordash. I've seen many youtube videos, reddit posts, articles on why this stock is overvalued at 18 price to sales ratio which implies at least 20-25% sales growth (sales growth 6-9x) for the next 10 years based on my model. Even Uber, which I consider to be massively overvalued, (because of its unprofitable low margin,no moat, slowing growth business) is trading only 17 billion marketcap more for postmates, uber eats and most dominant ride haling service.(63 vs 80 bil) + +With earnings miss, i would thought that this stock would go down, but doordash ended the day up 3.5% while airbnb is barely up on better earnings. Even Disney stock, which crushed earnings, is only up 1%, and trades at a more reasonable valuation. In my opinion, you cant miss earnings, and expect to go up, yet DoorDash did and the guidance wasnt that great either. + +So why did doordash go up today on earnings? I didn't see any reddit post on doordash earnings, in fact I rarely hear anyone talk about this stock which is surprising considering its a 62 billion growth company. ( i hear more people discuss corsair which is a 2 billion company) Yet, despite the earnings miss, analysts kept upgrading the price targets for this stock today yet they never explain why they upgraded doordash. + +I would like to hear your thoughts on why this stock is worth the price, I always like to hear bull cases, on companies I find overvalued (i enjoy reading opinions on crowdstrike, nvidia, moderna so even thought I find those stocks are overvalued I understand the market valuation is so high on those companies.) Alot of stocks that I believe to have positive sentiment isn't really moving higher, like sofi, disney, shift, alibaba, amazon while stocks that I see have more negative sentiment on youtube/reddit like doordash, carvana, zoom are performing relatively better? (Even Nikola is still worth 4-5 billion somehow) + +In short, I am interested in hearing a bull case for doordash and why doordash went up on earnings while most stocks went down on earnings (like sofi, ttcf, which is consider to be reasonable valuation but fell 15%) +They are a miserable company which gets away with capitalizing on Capital One's colors, name, and card layout with various predatory schemes. + +I've had the card for probably 15 years. It was one of the first unsecured credit cards I got because it had a low credit score threshold. Paired with regular credit increases, it's an attractive looking option for this with bad credit. They problem is, especially for those with bad credit and a lack of financial savvy, membership exposes you to a variety of predatory practice designed to get you to pay additional fees. + +\- They do not let you make automatically scheduled payments. + +\- Unlike my other credit cards, where any member fee is a one-time fee, Credit One splits it across twelve payments. This way, even if the card is paid off, you have to continue checking in to make payments. + +\- They repeatedly try to trick you with an "Express Payment" option when you make a payment. This service costs $7.95. I guess the perk of it is that it gives you instant access to your money. But you have to pay for this privilege instead of waiting 24 hours. + +\- Canceling the card is made virtually impossible. The number you call for cancellation is clearly the one that gets the longest hold times and the most difficult to reach. Once you do reach them, they try to offer you perks or bonuses to stick with them. If you refuse, they then need to escalate the cancelation to a manger. I've twice now had to give up waiting on hold for the manager to come and cancel my account. +It’s time we give them a real reason to call it invasion day! We must band together and storm the asx and force them to open the markets tomorrow! + +Like they did in Washington, only we ride in on kangaroos with boomerangs and a slab of VB in each arm +Just transferred some ADA to Celsius, and while the process is beyond simple (copy paste address, confirm correct network), as soon as my entire stack of coins is on the line, I suddenly become my own grandma - What the hell is keyboard shortcuts, I prefer a right click > copy > right click paste, son. Trying to confirm I pasted it correctly, I suddenly need glasses and the latin alphabet turn into hieroglyphs, apparently. And once it's sent I _immediately_ panic and wonder if I did this or that wrong, like a perpetual second guessing of "did I turn off the stove??!" while boarding a flight. + +The best way to compare it is I know I can balance on a 3 feet wide plank, but raise it 100 feet above the ground and suddenly I cant even walk. With mornings like these, who needs coffee. Still havent recieved my ADA though, maybe 35 is a good age to start smoking? + +Edit: Update since so many are worried, it's in! +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 partner is German and we just opened our finances to each other (I'm American). I was a little shocked at how bad their investments were. They have a Bausparvertrag earning 1%, a couple of Riesterrente accounts, an employee pension, and some high-cost funds (1.5%!!!) that someone at a bank push on them. + +I was able to convince my partner to at least open a no-cost depot and cost-average 10% of their net income into a world ETF. However, what are their other options? Is there any way to disentangle them from all these boomer investments and create some kind of retirement plan that earns more than inflation? + +As a secondary question, Americans have access to inflation adjusted savings bonds (Series-I) and inflation protected securities (TIPS). Are there any such investment options for Germans? + +Thank you in advance for your input! +The DTCC used newly issued shares to (probably) give to HF’s and MM’s to clean up debts. Synthetics we’re (probably) given the holders outside of ComputerShare, while CS holders have the real shares. + +I am shocked the community has not made more noise about this. This is an extremely huge catalyst with massive amounts of verifiable data/facts showing DTCC internationally/domestically committed isecurity fraud. + +Community needs to regroup. Needs to get more serious about holding HF’s and MM’s accountable. As individual traders, we all possess our Computershare statements showing stock was distributed via split, NOT a dividend split. This is walk-in-the-park evidence of clear wrongdoing from GameStops filing statement and the outcome from the DTCC. +Hi all, curious to get book recommendations from you for books that made a real difference on how you view the world, manage your family or your business. + +Some from me that truly helped me up-level in different aspects of life: + +- Crucial Conversations +- The Inner Game of Tennis +- Hard Things About Hard Things +- Daring Greatly +- Thinking in Bets +Is there a scenario in which bitcoin actually shoots up the market after a hard fork? + +To my understanding and after researching a fair amount, it seems that the crypto community is stocking up on fiat and hedging against with Dash, Litecoin and Ethereum. The reason appears to be that August 1st will lead to the apex of the bear market, re emerging the bull market. + +Speculators are putting in their two cents saying a correction can be anywhere from 30% to 50% to even 80%. All scenarios are likely, some more likely than others. An 80% crash would in my opinion AWAKEN a bull market. Considering that 40% of the world population doesn't have a bank account, I'd say (pulling a number out of my ass) 95% of us in the reddit crypto world have access to a bank account. Third world and second world countries will prove strong and bring Bitcoin and cryptos back stronger than ever. + +Though I, personally, am expecting a correction, are there any possible and likely scenarios that could add further intuition into keeping everyone financially on top? + +(Also how do you see August 1st panning out to January 1st 2018?) +A few weeks ago they were calling for 2000 on the S&P. They were consistently bearish, even through the end of last week. + +Hate to be that guy (and typically I’m not one for conspiracies and the like), but it seems awfully strange to me. Any thoughts? + +Bloomberg Link: [https://www.bloomberg.com/news/articles/2020-04-13/goldman-says-u-s-stocks-have-likely-bottomed-on-policy-support?srnd=premium](https://www.bloomberg.com/news/articles/2020-04-13/goldman-says-u-s-stocks-have-likely-bottomed-on-policy-support?srnd=premium) + +Yahoo Finance link: [https://finance.yahoo.com/news/goldman-says-u-stocks-likely-073609205.html](https://finance.yahoo.com/news/goldman-says-u-stocks-likely-073609205.html) +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) +I find economics interesting, but I don't have any background besides what I've picked up off of reading newspaper Business sections. What are some books I need to read so I can consider myself somewhat knowledgeable on the topic? + +edit: Wow. I didn't expect this big of a response. Thank you everyone! +I've traded options for a couple years, mostly using theta decay strategies (the wheel, sometimes OTM spreads) and rarely buying far OTM calls and puts as lottery ticket plays. I've never done much with ITM options outside of buying them for leverage using LEAPS. + +Here's my thesis: + +I want to make an outsized bet that there will be some black swan event soon that could send the market toppling, or that inflation will start to get out of control fast and JPOW will do a 180 and go Paul Vlocker on this party and brutally murder the bull. + +In the event of raising interest rates or a sudden and severe downturn, I suspect zombie companies will start to blow up left and right. The HYG ETF is comprised of junk bonds, many of which are companies I would consider teetering, especially if we have a rapid onset recession or rapid interest rate increases. + +I was looking into selling ITM call credit spreads as a way to short the fund, with limited loss potential and without having to payout the dividend, pay borrow fees, or margin interest like I would if I was directly short. + +Looking at specifically selling the $70c and buying the $88c for as close to $18 a spread as I can get. Experation can be variable but I'm looking for in the next 6 months. + +Let's say I'm able to sell this spread for $17.95 and I sell 1000 of them. That's $1,795,000 in premium collected. If HYG collapses below $70c before expiration most of the intrinsic value will evaporate and I can close anywhere between break even and a $ million + payday. If I'm wrong I lose $0.05 ($5 per contract) per spread plus commission costs. ($5000 + $1300). So for a max loss of $6300 I could potentially make up to $1.7 million by shorting junk bonds when everyone is uncertain of the future. + +The only risk I see is if I get assigned early, I'll have to exercise my long leg early to cover the short created on my assigned short call. Even in this case I only lose $5 per contract that gets assigned early on me. + +The other "risk" I see is there's no way I can get filled that close to the risk free rate. ($18 a spread between $70c and $88c) maybe I'll have to adjust to $17.90 in which case max loss is $11,300. Or $17.85 where max loss is $16300. + +So long as I can get reasonably close it seems like an absolute insane payout for just taking on early assignment risk. + +What am I missing? + +Am I really that likely to get assigned early on my short $70c leg? + +Any input would be greatly appreciated. +Reference price: **$36,305.16** + +[Data will be sourced from CoinGecko](https://www.coingecko.com/en/coins/bitcoin) + +**FILTERING CRITERIA: 1w, USD, Linear Chart, Close Chart** + +Winning results will be based on the price **at 12 pm PDT on May 16th.** 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/ujr4rb) +The Collective is the future home of one of the first crypto decentralized freelance marketplaces bringing together artists, developers, marketers, and other providers of various products and services, while providing their prospective clients a safe and secure means to do business. + +The Collective Coin is a community driven Defi coin and will be the official currency of The Collective. The coin will be the main currency on the marketplace. + +📚Main features: + +🧮**COMMUNITY-DRIVEN** + +We strive to maintain a strong community that supports and represents what The Collective stands for. At launch, there will be five separate developer wallets that will each hold 1%, for a total of 5% of the total supply. These wallets will help fund the development of the Collective Marketplace. The developers of The Collective will then participate with the public in purchasing of additional coins. + +🔥**BURN SYSTEM** + +After every trade occurs 5% of the transaction will be burned forever into a burn wallet that is locked away. This will decrease the total supply and increase the value of the coin. + +🔄**AUTOMATIC LIQUiDITY POOL** + +After every trade occurs 5% contributes towards automatically generating liquidity that goes into multiple pools used by exchanges. + +🛍️**THE MARKETPLACE** + +Currently offering graphic design services in exchange for cryptocurrencies, the goal of The Collective is to create a decentralized marketplace, inspired by platforms such as Etsy and Fiverr, for other providers to also offer their products and services to clients in exchange for The Collective Coin, or virtually any established cryptocurrency of their choosing, for a small fee. + +Providers will create a profile, and have the ability to establish a virtual storefront on the Marketplace, which will be accessible through a dApp from the user’s wallet. + +⚙️**Tokenomics:** + +Total Supply: 500,000,000,000,000 (500 Trillion) Supply after 50% Burn: 250,000,000,000,000 (250 Trillion) Private Community ICO: 8.4% (21.5 Trillion) 375B/BNB - 73 Wallets Dev Wallets: 5% (12.5 Trillion) 2.5 Trillion/per wallet - 5 Wallets Unicrypt Presale: 27% (135 Trillion) 300B/BNB Liquidity Locked One Year, locked for 3 more years: 79 Trillion + +**Contract address**: 0xf8418d0a7f30bb899639b232f9748c0f1fa87870 + +**Buy $TCC here:** [https://exchange.pancakeswap.finance/#/swap?outputCurrency=](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x46DeE6f53af7c4490A9771693C959dC86AE2F99b)0xf8418d0a7f30bb899639b232f9748c0f1fa87870 + +**Audited** \- [https://github.com/solidproof/smart-contract-audits/blob/main/SmartContract\_Audit\_Solidproof\_TheCollectiveCoin\_V3.pdf](https://github.com/solidproof/smart-contract-audits/blob/main/SmartContract_Audit_Solidproof_TheCollectiveCoin_V3.pdf) + +**Listed on CoinGecko now** \- [https://www.coingecko.com/en/coins/the-collective-coin](https://www.coingecko.com/en/coins/the-collective-coin) + +**Whitepaper**: [https://www.thecollectivecoin.co/whitepaper AMA](https://www.thecollectivecoin.co/whitepaper%C2%A0AMA) video on Youtube: [https://www.youtube.com/watch?v=LpfEsmKs1Q0](https://www.youtube.com/watch?v=LpfEsmKs1Q0) + +**All Social Platforms:** + +**Website**: [https://www.thecollectivecoin.co/](https://www.thecollectivecoin.co/) + +**Telegram**: [https://t.me/joinchat/fhoHYQDHNitjN2Zh ](https://t.me/joinchat/fhoHYQDHNitjN2Zh%C2%A0) + +**Twitter**: [https://twitter.com/CollectiveCoin\_ ](https://twitter.com/CollectiveCoin_%C2%A0) + +**Reddit**: /[r/CollectiveCoin](https://www.reddit.com/r/CollectiveCoin/) + +**Facebook**: [https://www.facebook.com/thecollectivecoinoffical/](https://www.facebook.com/thecollectivecoinoffical/) + +&#x200B; + +Always DYOR before investing! +TA:DR +Toxic swaps are about to explode again for the first time since '08. You likely already know this, but its fun to read again. Buckle up buckeroos + + +Around last September an employee at a [bulge bracket bank](https://en.m.wikipedia.org/wiki/Bulge_bracket) (supposedly, we never can really know) posted an illuminating write up of his findings after researching his colleagues' active [Total Return Swaps ](https://www.reddit.com/r/Superstonk/comments/pbqrf4/bearish_negative_exposure_trsetrs_the_full/) agreements. + +With all the talk about swaps, and TRS in particular, let's remember that we've been told about this for a while, and if you haven't already, you should definitely buckle up. + + +Here is the original text from that post: + +All credit goes to u/zyzzbrah21 + + +"Let me preface by saying, my brain is incredibly smooth, but because I have all my FINRA licenses, this is financial advice (oops). Now I started off as a smooth brain retard in college with a mid 2.0s GPA and somehow by the stroke of luck (and lying on my resume, why? bc fuck their standards) I managed to get a role in Fixed Income Sales & Trading at one of the Bulge Bracket Banks. (Very happy to verify this with the mods if they need me to). + +That being said, I've been a lurker and Ape since mid-April and wanted to stay quiet bc at the end of the day when the House of Cards comes crashing down, I'm out of a job, but at least my bank account will look like a phone number. Over the last few weeks, I've started digging into a good amount of TRS/ETRS for both fixed income and equities at work and there is something that I uncovered that really painted a picture of just how fucked the world is because all these idiots that I work for and work with have gambled all of our money away over the last decade. (Now this has been talked about, but I want to dive a bit deeper on the dominos) Alas, I give you: The Bearish Exposure TRS (Negative TRS). Now I'm not good with pictures and graphs.. like I said low 2s GPA. but try to stay with me. + +So I work in FICC sales in which we deal a lot with TRS on Fixed income securities such as Libor, SOFR, various, benchmarks, and Treasury Bonds. That is fairly simple: + +US 30Y Bond TRS: +Counterparty A (Kenny) pays Counterparty B (Investment Bank) a fixed rate (0.05%) on X Notional (1BN for example) +Counterparty A (Kenny) receives Total (positive) Return (or pays Total loss) on 1BN 30Y Bonds over a set period of time (months or years) + +Now as a TRS trader at an investment bank, it's fairly simple to hedge this position. You turn to your bond trader next to you and have him sell you 100BN 30y bonds that way if Kenny's position increases, you are ok because you actually own the asset as your hedge. No matter what, you are walking away with the 0.05% fee that you are getting paid to do this which is a great deal. + +The same applies to equity TRS (think ape, think): +Kenny pays 0.05% and receives TRS on any stock or basket of stocks he wants.... At least that's the proper way to do it. + +But these clowns couldn't stop there... now I present to you: Bearish Exposure TRS on GME (or a meme stock basket): +Counterparty A (Kenny) pays Counterparty B (Investment Bank) a fixed rate (0.05%) on X Notional (1BN for example) +Counterparty A (Kenny) receives Total Bearish (negative) Return (or pays Total positive gain) on 1BN Notional of our favorite stock over a set period of time (months or years). + +Now here lies the problem, how the f*uck does an Equity TRS trader hedge this thing. OH, THAT'S RIGHT, YOU TURN THE CASH EQUITIES TRADER NEXT TO YOU AND SHORT THE STOCK. +-in this case, if GME goes down and Kenny is owed tendies, you are covered because you shorted the stock and can now pay out the bearish return while still making the fixed rate that you receive from Kenny. That a win?? Right?? Wrong. + +This is when I realized that the music had stopped and swiftly proceeded to move my entire 401k, and useless company stock to GME on top of what I already had. + +The reason citadel and friends need to use these bearish exposures ETRS's is because there may literally be no other way he can get a borrow to short the stock. Also, many market makers find it quite profitable to these TRS's because of course they make their 0.05% and their heads are so far up their own asses that they assume the house always wins..... until now. + +The dominoes start the fall... + +As the next gamma squeeze approaches and market makers slowly eat themselves alive without realizing it, the following will unfold: + +SHF's now have un-imaginable short exposure to a basket of stocks (specifically concentrated in GME) in both short positions, optionality and, negative exposure ETRS. (god help us all). +As call buying drives GME into a gamma squeeze (while market makers hedge their short calls), the value of the stock market will likely decay along with any collateral that short hedge funds have posted against their shorts. +Some crusty fat guy up in risk management will walk in and realize the end is near and now they all gather to prepare for the end. +our beloved marge is called.. now here is where it gets wild.... what happens when you fail a margin call??? That's right, forced liquidation. +By now we are already seeing numbers we couldn't even imagine. but it doesn't stop there...With SHF's gone.. there is this one little problem... WHAT HAPPENS TO ALL THOSE NEGATIVE ETRS SWAPS?? I'll tell you what.. They go, poof. And when a TRS counterparty that was supposed to pay you if a stock goes up goes poof, no one and I mean no one will be able to pay you that return that you were owned by Kenny since the stock soared to infinity. +And that's when you realize it all over because you just shorted a billion notional of a stock that's up 10000% to hedge a position that doesn't exist anymore. I'll let your imaginations paint the rest of the picture. +You (the TRS trader) piss yourself as the walls close in, your boss comes over and takes a piss on you, his boss comes over and does the same. you're all covered in piss as you walk outside, jobless, to a bunch of apes with fruit up their ass that took you for all the money in the world. +Now I've never written a DD before but this one seemed fitting. Once again, my brain is pretty smooth so there is some retardation to this all, but hopefully, it's enough for some of you to understand the general idea of it all. This is only a piece of the puzzle but it's one that they have been trying to hide because it really paints a picture of how deep the rabbit hole goes. SHF's, Prime Brokers, Market-Makers, DTCC, & The Fed in that order are going to feel whats it's like for the House to finally lose and I can't wait to stand there with you all when they do. + +That money in the caymans is ours, the money at the investment banks? Ours. The money at the Fed, believe it or not... ours as well. It's time to reset the natural order of the world. GLTA." +I made a post a while back about a property we bought and planned to BRRRR. I had a few comments asking to follow up with the finished product, so wanted to share :). ([Link to photos](https://imgur.com/a/D51JyQ5)). I can also share the Airbnb links if that's allowed (don't want to come across as self-promoting). + +&#x200B; + +I found this deal through a wholesaler on FB. It's in a historic near where I live that I've always wanted to buy a property. It's a shotgun (New Orleans Style) duplex. Only 1200sf total with 1 bed/ 1 bath on each side. I negotiated a 3-month bond for deed from the wholesaler who originally purchased it, then got a construction loan from a local bank. After the renovation was complete, I refinanced again into 30-yr freddy/fanny loan. We did a cash out refi and got all my cash out except for \~$15,000 (renovation cost much more than expected). We renovated just about anything you can think of with this place. It was a disaster. The foundation was so bad it felt like walking in a fun house. New panel, new roof, refinished the floors, brand new HVAC system in both sides, etc. I originally planned to rent it out to long-term tenants ($850 & $950), but a friend of mine convinced me to test out AirBnb with one side, so I gave it shot. I had a long-term tenant on one side and Airbnb'd the other side. The Airbnb rental is much more work ( also much more enjoyable), but the numbers are WAY higher than I expected! I anticipated getting around $1200-$1500/ month average (rather than $950 for a long term tenant). We haven't had a single month below $2,000 and a few months right at $3,000 for just the one side. When Hurricane Ida hit, we had a good bit of damage to the side with the LTR, plus his job moved him to another state, so we ended up converting that side to Airbnb also. Here are the numbers so far: + +Purchase price: $79,900 + +Renovation: $65,000 + +Airbnb decor/ Furniture: $14,000 + +Current PITI: $950/mo + +Rental income if LTR: $1,900/mo + +2021 Airbnb income: $16,100 (Aug-Dec) + +2022 income YTD: $4,000 (Feb booked with an additional $5,000 coming in)\* + +\*we average $2,500 per side with Airbnb. + +Appraised Value: $200,000 (although it would take substantially more for me to sell) + +30-yr loan amount: $160,000 +Convinced her to buy some when it was at around 30’000 back in July and has now doubled her investment . Granted it wasnt a huge investment but I think she now has a false sense of reality that doubling an investment in 4 months is easy and common. If she ever tries to invest in stocks she going to be hit with a hard reality. + +Update: No I’m not going to dump my girlfriend because of her lack of her financial knowledge and limited perspective. Don’t want my girlfriend to be ray dalio or Warren buffet …but there is some tempting ideas of leveraging her as an asset +50 day SMA in blue, 200 day SMA in yellow, Golden Cross purple arrow. + +https://preview.redd.it/d49e15kz5tg91.png?width=3154&format=png&auto=webp&s=792078fd771865e49315a059c7e50f463cd30361 + +&#x200B; + +Here is the log scale that yields the same results + +https://preview.redd.it/e565mqmb6tg91.png?width=3154&format=png&auto=webp&s=430dc3f43f9523a9e3dff821151cbb30cc32cf18 + +There is no new GC, even though it is close. + +u/region-formal claimed we hit a new one, when in fact, the latest GC was on Sept 8, 2020 + +his post here: [https://www.reddit.com/r/Superstonk/comments/wjfyfp/another\_615647\_increase\_from\_40\_during\_this/](https://www.reddit.com/r/Superstonk/comments/wjfyfp/another_615647_increase_from_40_during_this/) + +When you zoom in on his graph you can see his lines were extrapolated and the GC is ahead of the current data. + +&#x200B; + +https://preview.redd.it/ufd24zzr7tg91.png?width=970&format=png&auto=webp&s=8045f8116255e2ca9650b27b53ceef20a88cf504 + +My post yesterday didn't get a reply from u/region-formal so I wanted to post my findings more clearly in hopes that he can defend his misinformation. + +The Golden Cross is a lagging indicator, and we are in a bullish pattern so I believe we will see one soon. The key takeaway here is that we haven't seen one yet and I don't know why someone would fake technical analysis. + +Here's investopedia's definition - [GOLDEN CROSS](https://www.investopedia.com/terms/g/goldencross.asp) + +&#x200B; + +TLDR: There hasn't been a Golden Cross since Sept 8, 2020 + +Edit: September 8, 2020 instead of September 9, 2020 + +Edit2: removed personal attack +So that's it, there's no more shorting of GME anymore right? Look over at iBorrowDesk and check the list of shorts happening. It's a barren landscape, millions of shares available. Few people are actually shorting GME, right? Which means all of the dips in the chart have been us paper-handed bitches coming to our senses and selling, right? + +Fucking wrong. + +So if you've been watching the GME subreddit lately you may have seen some people speculating about potentially shorting GME via a proxy, essentially shorting GME using an ETF. The ETF in question is XRT. + +So I took a look at XRT and holy shit has there ever been some shorting going on this week. Over 1 million shares of XRT has been shorted. So how does shorting XRT impact GME? + +[A fucking lot, apparently](https://imgur.com/a/BH7Ur54) + +When you take a look at this chart, some things kind of don't quite add up perfectly with the iBorrowdesk times.But if you apply some wiggle-room to the iBorrowDesk times and stick with the dates you'll find things match up a little too fucking perfectly. + +My best guess is that iBorrowDesk isn't actually getting real-time updates about when the shorting happens, but they are at least getting updates at the end of the day. This would really explain why it appears like 1 million shares were shorted at the end of the 10th, when it would more logically occur during the fucking tear upward in the middle of that day. Remember when GME went parabolic for a minute on the 10th? They shorted a million goddamn shares to reverse the direction! Holy fuck! + +Guys, maybe the shorts covered *some* of GME. Maybe the interest on it IS down, but what is the current short interest of XRT now?! Shorts are still trying to fuck us, and [they're doing it through XRT](https://imgur.com/PvuUMCJ) in order to hide their movements. + +Now we need smarter people than me to start analyzing the implications of this. + +*edit:* +**TL;DR:** +Hedgies are shorting XRT instead of GME to throw everyone off the scent. This week's parabolic swing up was reversed by shorting **1 Million** shares of XRT. + +Also, side-note. XRT is currently 3.3 times more expensive to borrow than GME, the fee is 5%. Why would they short XRT and not GME directly? Hmm... + +~~*edit 2:* According to https://www.etf.com/stock/AMC, XRT also holds 6.5 million shares in AMC. This could be a missing link that explains how AMC and GME price charts became linked in the last few weeks! Thanks to /u/IsleepWithOpenAyes for pointing this out!~~ removed because I cannot find the portion of the site that corroborates this statement. + +**edit 3** Lots of people are asking what this means for the play, do you buy XRT or GME etc. I have a few half answers to offer. The first is I don't know your situation, only you know your position and how best to handle it, and I'm not qualified to provide financial advice. Also, I personally will not be going long on XRT. If the squeeze squozes, I think the effect will be more impactful to positions in GME since HFs will have to liquidate their other positions they've been buying in other stocks in the EFT. I personally will continue averaging down and holding GME, and watching https://iborrowdesk.com/report/XRT for further confirmation bias about when shorts are attacking the stocks I like. +Direct quote from the interview; + +*“Bitcoin, it just seems like a scam,” Trump said. “I don’t like it because it’s another currency competing against the dollar ... I want the dollar to be the currency of the world. That’s what I’ve always said.”* + +Clearly he thinks that Bitcoin is a true competitor to the global supremecy of the USD. He is fearful of Bitcoin disrupting the USD as the standard currency of the world. + +This is some of the most bullish news I've read all week. +**EPS**: $1.20 vs. $1.16 estimated, down 8% year-over-year + +**Revenue**: $83 billion vs. $82.81 billion estimated, up 2% year-over-year + +**iPhone revenue**: $40.67 billion vs. $38.33 billion estimated, up 3% year-over-year + +**Services revenue**: $19.60 billion vs. $19.70 billion estimated, up 12% year-over-year + +**Other Products revenue**: $8.08 billion vs. $8.86 billion estimated, down 8% year-over-year + +**Mac revenue**: $7.38 billion vs. $8.70 billion estimated, down 10% year-over-year + +**iPad revenue**: $7.22 billion vs. $6.94 billion estimated, down 2% year-over-year + +**Gross margin**: 43.26% vs. 42.61% estimated + +[Source](https://www.cnbc.com/2022/07/28/apple-aapl-earnings-q3-2022.html) +What a week it was last week... I don't know about the rest of you Apes, but the weekend provided me with some well earned rest from the *constant* tit jacking and salivating I have been experiencing in recent days. Perhaps my memory is playing tricks with me, but I honestly don't think there has been a period since this whole saga began that there has been **so much happening** around our beloved stonk, that right NOW! + +This post is intended to build on the fine work of u/Mattindeed in his weekend [post](https://www.reddit.com/r/Superstonk/comments/sm1ain/did_you_blink_3_months_of_news_just_happened_all/), that had a brief look at the various pieces of news that came out in the second half of last week. As we wait for the next round to begin on Monday, of what is sure to be more intensive mammary titillating action, I want to go through the various types of **WALLS** that seem to be closing in on the Short Hedgefucks at the moment. Actually I collated this for myself, so that I could get my head around it all, but thought it might be helpful for some of you other Apes as well. So without further ado, let's begin... + +&#x200B; + +**WALL 1: GameStop-Immutable X-Loopring can trigger MOASS by organic growth** + +Of course *the* biggest news of last week! After what felt like aeons, GameStop finally made good on "actions not words" by announcing a partnership with Immutable X. Very quickly Apes surmised that in fact it would be a partnership also involving Loopring as well, the full details of which may also be announced imminently. + +https://preview.redd.it/fxl1q2r3bbg81.png?width=393&format=png&auto=webp&s=c5ea2e2f4fc451da44fa9aa30760927ec541d4b7 + +The partnership would enable GameStop, Indomitable X and Loopring to dominate the NFT marketplace for both games and artistic creations. With not just the current size of this industry, but the anticipated future growth within it, it could very well mean that - when accurate price discovery is allowed again - the GME share price will naturally balloon over the next few years. For a great hypothesis on how this could happen organically, see the excellent post by u/Doctorbuddy which conjectures how this could happen as [7 steps](https://www.reddit.com/r/Superstonk/comments/sk25bb/ryan_cohen_told_us_to_judge_him_by_his_actions/?utm_medium=android_app&utm_source=share): + +*Step 1: Build NFT Marketplace for creators and artists. This was being built for the last 8/9 months or so with Loopring as the Layer 2 protocol. This Marketplace will be a competitor to OpenSea. In early January, they opened this Marketplace up to "memelords, brands, content creators, and artists". They recently closed submissions last week. This Marketplace is ready to launch and is done.* + +*Step 2: Announce partnership with Immutable and mention Loopring as primary provider. This is the official announcement for their Gaming NFT Marketplace - a marketplace for game developers and gamers to play Ethereum based games and trade in-game NFT assets. This marketplace will use Loopring as the fiat on-ramp / off-ramp and Immutable as the Layer 2 / NFT minting protocols. This marketplace is in development. And announcement for Game Developers and Gamers was made today to apply for a grant on this marketplace - https://nft.gamestop.com/* + +*Step 3 (we are here) : Announce the acquirement of Loopring. Daniel Wang, former CEO of Loopring, just stepped down today, the exact day of the GameStop announcement. I believe that Loopring will be getting acquired by GameStop and Loopring will be integrated into the GameStop corporation, with the new CEO, Steve Guo, being named the head of this division. This will allow GameStop to control all future in house Layer 2 developments with their NFT Marketplace and have all creative control for future Layer2 projects.* + +*Step 4: Announce the build out of a decentralized exchange using Loopring technology. With Loopring acquired, GameStop will utilize these Layer2 technologies to other business areas. This I think will be one of them.* + +*Step 5: Open up the NFT Marketplace for Creators / Artists. This will be available very shortly and I believe it will be opening in Q1 2022.* + +*Step 6: Open up the NFT Marketplace for Gamers. This is the Immutable / Loopring / GameStop exchange for gamers and game developers.* + +*Step 7: Open up the decentralized exchange using Loopring's technology (later in 2022/2023).* + +So how could this lead to MOASS? Well, at some point I believe the price suppression that has been taking place for over a year now will simply become too difficult for the SHFs to continue effectively. With the growth and profits that the above marketplaces can bring to GameStop and their partners, I believe value investors will pile in over time and the share price will start to grow towards a fairer, much more elevated, valuation. When it reaches a certain level, margin calls of the SHFs could ensue so this would be the relatively serene way to trigger MOASS. + +(For those thinking that the Short Hedge Funds, Market Makers and Prime Brokers can just prevent such organic price action from taking place, my counter would be that if they had *total* control over the price then we would already be back down to a single dollar figure. The fact is that the criminal market manipulators can control the game only so much, and that includes both downwards *and* upwards action on the share price. As last January goes to show, when there is enough volume their methods gets stretched to breaking point...and I believe the FOMO created over time - similar to Tesla's run in 2020 to 2021 - would mean MOASS will come at some point as GameStop's share price increases with this particular WALL.) + +&#x200B; + +**WALL 2: GameStop has the technical means to proivde shareholders with an NFT-based dividend, the issuance of which would trigger MOASS** + +But all these new partnerships could enable far more accelerated paths to MOASS too! The potential ways this could happen were best explained by u/OGBobtheflounder not long after the announcements, in his observation that the Immutable X collaboration is actually with [GME Entertainment, LLC](https://www.reddit.com/r/Superstonk/comments/sjtzck/the_immutable_x_licensee_agreement_is_between_gme/?utm_medium=android_app&utm_source=share): + +*The part that stuck out to me is that this partnership with Immutable X is not a direct agreement with GameStop Corp. (the parent company whose shares we all own) but rather a license agreement with "GME Entertainment, LLC". Now, GME Entertainment, LLC is not a new company or a new name, as they have had this name registered for several years. It seems that the whole NFT division that GameStop has been forming within their company has been doing business under the GME Entertainment name this whole time. So, what's the big deal? There is a juicy line in the agreement on page 3 that caught my eye...* + +*"To the extent any change of control occurs (for GME Entertainment, LLC) that results in Licensee no longer being a wholly-owned subsidiary of a publicly traded U.S. company"* + +*Uh, but why would that happen? Now, I'm not a lawyer (just a retarded engineer) and this may be absolutely normal legal language, but it seems like an interesting thing to slip in there with everything else in this section. There have been a few theories on what GameStop might one day do in order to help protect the financial interests of its investors, especially once the topic of NFTs and Blockchain came about.* + +*GameStop could issue an NFT dividend (similar to Overstock) and use it's non-fungible qualities to force shorts and synthetic shares to close out their positions since they cannot use cash as an equivalent dividend to issue to shareholders who are holding synthetics.* + +So why exactly could an NFT dividend issuance lead to MOASS? Well, here is my own post and [comment](https://www.reddit.com/r/Superstonk/comments/q6gume/occams_razor_the_simplest_explanation_is_usually/hgbzk4v?utm_medium=android_app&utm_source=share&context=3) from a few months ago that explains why this would be catastrophic for short sellers: + +https://preview.redd.it/4ymr6masabg81.png?width=707&format=png&auto=webp&s=ea001c9b3b28da5cc95bf32589ea7a6dcef266f1 + +&#x200B; + +**WALL 3: The 10-K filings** ***hinted*** **that a MOASS triggering share recall may be possible, but the partnership could provide the technical means to achieve this too** + +u/OGBobtheflounder's post also briefly mentions this potential MOASS trigger, although he does well to note that it is less likely than the others in this list, due to the potential legal barriers involved: + +*GameStop could recall it's shares and remove them from the DTCC and reissue them as tokens on the blockchain. This would have the same affect as the NFT dividend, but would result in all sorts of lawsuits and is probably not in the best interest of the company. The language is there in their 10-K filings, though, to go down a path where they pull their shares.* + +However the fact that an NFT-based decentralised financial exchange is in the offing does mean that removal of the stock from DTCC/Cede & Co. hands is technically possible, so this cannot be ruled out as a possible extreme measure. Note that share recalls are not carried out by a company's own decision making, but by a shareholder vote. So it is not implausible that a company whose shares are fully DRS-ed, with the vast majority of those held by retail investors who would be only too glad to see the back of the DTCC/Cede & Co., *could* be one where a majority of their shareholders vote to force such an extreme measure in a future Annual Shareholders Meeting... + +&#x200B; + +**WALL 4: GameStop spins off the NFT division to create a new company, a path which could lead to MOASS by facilitating a full share count/audit** + +Finally, u/OGBobtheflounder's post ends on another very juicy possibility: + +*GameStop could split off the NFT division of it's company into a new company. The new company would not have to issue shares on the NYSE, but instead could be publicly tradable on the blockchain using NFT tokens (since this is a main part of it's business model). Initial ownership could be distributed to existing shareowners of GME stock via NFT tokens.* + +u/Cataclysmic98 wrote about [this](https://www.reddit.com/r/Superstonk/comments/sjz2i3/an_nft_spinoff_for_moass_re_immutable_x_licensee/?utm_medium=android_app&utm_source=share) in some detail as well: + +*GameStop could spin off their NFT Marketplace division as a separate company with its own stock, but issued as NFT units'. Shareholders would receive an NFT 'unit(s)' for every $GME share(s) they own. Any market participant that holds a short position in GME would need to provide an NFT 'unit' for their counterfeit shares - which of course they don't have. If the NFT 'unit' is issued by GameStop in such a way that shorts cannot substitute a cash equivalent for the unit offering - the shorts will be forced to cover! R.C.'s 'Checkmate'!* + +How could this lead to MOASS being triggered? Well, to issue such tokens to existing shareholders, a proper audit and share count would be necessary in order to generate the shareholders list to whom the tokens would be issued. With the very high likelihood that this proves the existence of a vast volume of synthetic shares, a whole list of MOASS-inducing knock-on effects could ensure. Leaving aside the legal ramifications for Market Makers, SHFs etc, the FOMO buying by itself and the trading volume generated could again lead to a January 2021 level "sneeze", and with it the triggering of margin calls. + +&#x200B; + +**WALL 5: SEC Proposed Rule 87 FR 6652 prevents continued use of Swaps to hold back MOASS** + +If you thought all this humongous news from GameStop and their partners is the only bedpost throwing worthy news around, then sadly for Kenny and his cronies there's more. Much, much more... + +https://preview.redd.it/4z44qoh3gbg81.png?width=952&format=png&auto=webp&s=d20f4479f8a2788a9eff6c7af0f989bed04b836f + +The title of SEC's Proposed Rule 87 FR 6652 is self-explanatory, in that it is aimed at shutting down a number of methods the criminals have been using to stay in the game over the last year. u/Left-Anxiety-3580 broke this to this sub [here](https://www.reddit.com/r/Superstonk/comments/sk1hyd/only_viewed_133_times_todaythis_document_is/?utm_medium=android_app&utm_source=share) and I think a number of the comments to that post are very enlightening: + +https://preview.redd.it/sz065xq8hbg81.png?width=719&format=png&auto=webp&s=344bd8c94da16f4062404d98218737710b748c65 + +https://preview.redd.it/wanpxr0ohbg81.png?width=706&format=png&auto=webp&s=9a3b19999baeaa340a460bee93d77f670df78cb5 + +https://preview.redd.it/jnzvjb72hbg81.png?width=622&format=png&auto=webp&s=079dd36c4d8208478c0feb0d89a4aa25b577cd63 + +This proposed rule is now open to comments from the public until March 21st, and there is the potential that if it gets passed without radical amendments after that date, the main method the SHFs/MMs/PBs have been using to hide the short interest may well be no longer possible. If you're wondering how they have been doing this, the following diagram in u/Zinko83's [post](https://www.reddit.com/r/Superstonk/comments/qmtt6q/volatility_variance_dispersion_oh_my/) shows how they use these swaps. As per u/Criand's easier-to-understand [summary](https://www.reddit.com/r/Superstonk/comments/qvtmxm/clearing_up_some_things_about_options_and_how_it/) of it: *"Open up Variance Swaps to bet on the volatility in the stock, and to use them as insurance against their short position. They then sell a replicating portfolio (it replicates the swap with options) into the market. Doing this hedges against the swap."* + +https://preview.redd.it/9ohs2r6u8cg81.png?width=692&format=png&auto=webp&s=e45ebac5e12f94d3741644734fa0a4857fa9fd5f + +Should fuckery of this kind not be possible, the SHFs/MMs/PBs lose what has probably mean their main method of hiding their short positions, along with manipulating the price and preventing it from increasing to a level where margin calls could come into effect. Additionally, as u/LasVegasWasFun also [speculated](https://www.reddit.com/r/Superstonk/comments/sk4l29/do_we_get_to_see_whats_inside_the_swaps_on_feb/), the first of the changes connected with this rule may be in effect as soon as a week from today: + +https://preview.redd.it/paubpbtwibg81.png?width=737&format=png&auto=webp&s=099b24caeee9564f806ce45610af3ebc9952f54a + +The very fact that it may be possible to see what volume of Swaps trading has taken place could again have various knock-on effects that lead to MOASS, in my opinion. If as expected this shows massive abuse of these derivatives for the purposes of hiding short positions, not only could there by legal ramifications, but again I think the chances of FOMO buying of the stock would be very high. Once again, the conditions that came into being in January 2021 could very well repeat, due to the prospect of the regulators *finally* taking some action (or at least preparing to take action) post March 21st. + +&#x200B; + +**WALL 6: SEC and DoJ investigation could lead to SHFs being shut down, their short positions being force closed, and thus potentially leading to the MOASS** + +Around the same time as GameStop were making their announcement and the proposed SEC rule above came out, news started to also trickle through about the progress of a Department of Justice (supported by the SEC) probe into how SHFs may be violating securities laws. As per an [article](https://www.ft.com/content/08899017-2994-4990-84e8-4a6efb7c57c6) publised by the Financial Times: + +https://preview.redd.it/am1t5fu2bcg81.png?width=713&format=png&auto=webp&s=2bfdd275105cbf8f8679af7d804a65f1ce487f56 + +There is no telling how long the probe may take, but as per u/alexandrosdimo sharing this news [tweet](https://www.reddit.com/r/Superstonk/comments/skips9/umm_what_is_happening_is_this_why_buildings_are/?utm_medium=android_app&utm_source=share), the FBI (which is a part of the DoJ) seem to be taking steps to obtain relevant evidence before the storage facilities they are being held in have the possiblity of going up in highly coincidental infernos... + +https://preview.redd.it/gdb0tovzbcg81.png?width=736&format=png&auto=webp&s=9aada59e38a6001b002b4e7dd1ac3d9b209b911b + +So how could all this trigger MOASS? We know for sure that least a subset of the few dozen (so far) SHFs under investigation have been prominently involved, at one time or another, with the GameStop saga. Be that Melvin Capital, Citron Research or others, the paper trail may lead to them and other firms - including those currently holding short positions in the stock - facing the prospect of being shut down for securities regulation infringements. It may only take one or two to fall, triggering forced closing of positions, to potentially start a domino effect that also affects all the others...and with that the MOASS could be triggered very, very quickly... + +&#x200B; + +**WALL 7: Shorting is becoming both difficult to carry out and a LOT more expensive than even a couple of weeks ago** + +There have been numerous posts in the last few days about the borrow rate for GameStop stock constantly increasing e.g. [this](https://www.reddit.com/r/Superstonk/comments/shu5qs/update_questrade_borrow_rate_up_to_510_percent/?utm_medium=android_app&utm_source=share) post by u/chris2155: + +https://preview.redd.it/1bbyal3mfcg81.png?width=713&format=png&auto=webp&s=f5e595fa2d7a61436f9d606010d2a63acc4c2666 + +Not only that, but it appears that the volume of shares available for short sellers to borrow is also dwindling. For example, this post by u/Myid0810 indicated that even on a major brokerage platform such as that of IBKR, stock available to borrow actually fell to [zero](https://www.reddit.com/r/Superstonk/comments/sjnmcl/ibkr_shows_gme_as_not_shortable_been_tracking/?utm_medium=android_app&utm_source=share) towards the end of last week: + +https://preview.redd.it/mzjjdfo7gcg81.png?width=712&format=png&auto=webp&s=3a3765ce852e2526139922bc152c588583b15467 + +So why should this matter, and how could it lead to MOASS? Well, here is an excerpt from an [article](https://www.investopedia.com/short-sellers-lose-usd5-05-billion-in-bet-against-gamestop-5097616#:~:text=Due%20to%20the%20lack%20of,a%20prime%20short%20squeeze%20target) on Investopedia that I found from a year ago, in the run-up to the sneeze, that explains why this is very relevant, indeed: + +https://preview.redd.it/yy14p1wigcg81.png?width=961&format=png&auto=webp&s=3101c16d509cec997bc2013886d1b23aaea49c85 + +Now we are not yet at that level of borrow rate... But if the shares available to borrow keep falling, then the borrow rate will keep on increasing too. The 5.10% it may have reached in the last few days actually represents a 500%+ increase from what it was just a couple of weeks ago, and should this trend continue then such January 2021 percentages could become a reality the SHFs have to face up to once again to keep their short positions going. And once again, should the one holding GameStop short positions with the least access to capital fail to keep up with these payments, then they could fail a margin call and by that start a MOASS-triggering chain reaction. + +&#x200B; + +**WALL 8: Utilisation approaching 100% again - something that last happened in January 2021** + +This WALL is related to the preceding one, in that 'utilisation' is calculated by the number of shares that end up getting borrowed by short sellers. As per a definition by Ortex, utilisation is: + +*"The* *ratio* *between the number of shares on loan across all outstanding loans in the wholesale market and the number of shares available for lending at lending programs. 0% means that no shares have been borrowed or lent at these lending programs;* *100% means that all shares available to borrow or lend at a lending program have, in fact, been lent**. This does not represent the number of shares listed on the exchange that have been lent, because not all listed shares are available for lending; it indicates how much of the supply actually available for lending has been lent."* + +In their awesome [post](https://www.reddit.com/r/Superstonk/comments/sk0ygr/gme_share_loaning_utilization_is_an_important/?utm_medium=android_app&utm_source=share) about how the utilisation rate is now up to around 90%, levels not seen since January 2021, u/kainbeats shows a graphic visualisation of how we are coming out of the "dip" for this and getting back to extremely high levels once more: + +https://preview.redd.it/cwkbrwwwjcg81.png?width=992&format=png&auto=webp&s=29de33479c2f78ee333d553149ae1fdee53f5ccc + +So we are seemingly in the position now where the borrow fee rate is going up and up...but the SHFs are still continuing to borrow a ever shrinking supply of shares out on loan! In that same post, there is a very compelling demonstration of how a sustained high utilisation rate could have a big impact on share price: the big run-up in May that Popcorn experienced (this is not to promote that particular stock, purely to demonstrate how utilisation could have such an effect): + +https://preview.redd.it/lv932mktkcg81.png?width=699&format=png&auto=webp&s=2f700d672313cb0a3b1ed7d4e6c7b52a90ba5c1d + +I think the third chart here is just brilliant, because it shows a longer historical record of GME utilisation, and I think the assertion that "utilisation being at 100% could trigger a large share price run-up" looks more and more convincing based on this: + +https://preview.redd.it/ef38wuzglcg81.png?width=987&format=png&auto=webp&s=2ba8361859dfc1bce00322354b65ba26dcf518cf + +u/kainbeats goes on to speculate the reasons for why the utilisation rate is increasing once again - I will leave this to you to decide which is more likely to be accurate: + +*This can be due to two reasons:* + +1. *Investors (generally brokers/funds/institutions) are no longer loaning their shares (unlikely that this suddenly changed after December, although it is possible that large holders recalled shares in preparation for the upcoming votes), or;* +2. *DRS is removing shares from these loanable pools, especially brokers, and is thus ramping up the pressure yet again. As utilization goes higher and higher, it will get more and more difficult to obtain shares to loan and short. And GME may see another sustained price increase, no different than the one leading up to January. Jacked!* + +Whatever the reason may be, with the current upward trend in utilisation, it may not be too long before we are back at 100%. If that is the case, then based on the past instances of when this occurred, there is a possibility of another big run-up in price - once again, a potential trigger for the MOASS to launch. + +&#x200B; + +**WALL 9: Ortex Short Squeeze Signal flared again...** + +I am going to finish with a short ~~sweet~~ squeeze (pun intended) [WALL](https://www.reddit.com/r/Superstonk/comments/sj1bzn/ortex_short_squeeze_signal_fired_today_everytime/) from u/enfiniti27 about this: + +https://preview.redd.it/tsgy7v5dpcg81.png?width=736&format=png&auto=webp&s=499dff914ed04c642ecce014a0ba78eff4cebfe5 + +If you are wondering what this is, here is a helpful comment from u/Independent-Bend-333's that gives some detail of what this signal is based on: + +https://preview.redd.it/8mtdhvu9qcg81.png?width=674&format=png&auto=webp&s=a79aa8334ca20fe0edc1b63f6069a2f343f41a2c + +It should also be noted that the algorithm looks at the historical record of past short squeezes, to identify when the conditions make a squeeze on a certain stock likely. The only instance in the recent past when Ortex's signal proved to be incorrect was when GameStop issued additional stock, but otherwise it has had a very high success rate for predicting such moves on even our beloved, idiosyncratic stonk. If we are to take this latest signal flaring at face value, then yet another potential trigger for the inevitable MOASS! + +&#x200B; + +**TL;DR:** There are a huge number of WALLS closing in from various angles to the increasingly powerless Short Hedgefucks. We don't do dates on this sub, but personally I feel like the hay is wet with kerosene and a number of burning matches are just waiting to be dropped any day now. And if one of these WALLS doesn't amount to much, there are so many others just ready to take their place. **I have named nine in this list, but perhaps you Apes can point to WALL Number 10 too?** +Hey Apes - this theory is literally just that. A theory. So take with a dash of salt. + +I'll be operating with quite a bit of conjecture but this is after a critical assessment of the most relevent and important DD since Jan while also being intensely focused on the political/financial reactions that have taken place within the government and financial institutions. Additionally, applying the knowledge we've all gained throughout this saga to the political (NOT talking about sides) landscape using occam's razor we may just be able to better understand why the US Goverment actually WANTS this to happen. + +So, first off lets rewind history several decades and look at the general political landscape in the USA. In a country run by Capitalism, it has become common knowledge and a widely accepted truth that large private entities such as banks, financial institutions and corporations can and have often lobbied to influence political decisions in Goverment. Even though this practice has been criticized over the years, nothing has really been done to prevent this. In contrast to this, other countires have laws and limits in place that prevent how much a private entity can contribute thus limiting their degree of potential influence. + +**So in short- Goverment and politicians can be easily influenced to act in the interest of private institutions such as financial institutions and corporations because moneyz.** + +So, what does this matter? + +Well when you step back and review what happens when the weight of power shifts from private companies controlling the political landscape as opposed to honest decisions being made by uninfluenced people, you can easily deduce the fact that the system became broken a long time ago. Goverment is no longer acting on behalf of the people, making decisions for the people... No, their nutsacks have been squeezed by private enterprise that has consistently steered policy and developments for the past several decades in a manner that benefits the corperations and pads the pockets of politicians. Don't believe me? Why is it getting harder and harder to live in grow in a first world country? Food, jobs, housing, all becoming increasingly difficult to acquire for reasonable cost. (Yes other factors influence these as well) + +**So in short - Clearly no is working for you. Just a bunch of suits pretending to.** + +Now, how does this apply to MOASS and GME you ask? + +Well for argument sake, let's assume there are still a large number of good people working in Goverment that simply don't "fight the good fight" because it's an uphill battle that would last for an eternity... + +Hell, let's even just assume it's a few people that are in the right places. + +**Now lets create a scenario where something massive happened like a certain stock was shorted to oblivion several times over while a bunch of Apes decided to - worldwide - buy that same stock several times over which made it impossible for several large financial institutions to close their short positions without causing a nation wide financial implosion.** + +Well it looks like the nutsack squeeze of power that private institutions had over goverment to do their bidding just entered into a massive game of role reversal, if you will. Uno anyone? + +Now good old Uncle Sam is watching the institutions start to sweat and squirm. + +**And Uncle Sam is tired of getting fucked**. Uncle Sam has parts of him that know he must do good. + +Enter Gary. Fucking. Gensler. + +Gary sees the tables have turned and the USA is in a disastrous dillema right now that has been precipitated by the same fuckbags that have been bending over the good old U S of A for the past 50 years or more. Gary knows what's going on, Gary has exstensive knowledge in crypto, banks, poltics, etc. Gary knows the oversight of the SEC has done next to nothing to remedy the actual problems over the years and is literally there for nothing more than public optics that create the illusion of punishment for use of the secret ingrediant... *crime* + +But Gary knows for the first time in history, hundreds of thousands of hard working people that actually make the world go round, have stumbled on to NOT JUST the fuckery that occurs in Wall St and government... But HOW THE FUCKERY OCCURS. + +And you fucking Apes backed these discoveries with solid peer reviewed DD after DD. The absolute massive influx of eyes that have now fallen upon these criminals and their nefarious deeds is like pouring gas on the match. + +**We forced their hand because we did their jobs for them** which makes Gary's job easier because he can't be coerced into staying silent when a bunch of tenacious apes are out there shaking DD bananas out of trees on a daily basis. We are the back-up someone like Gary needed to drive this whole thing home. + +**"BUT WHY?"** you ask? Well, sorry I took so long to get there but the answer is simple... + +Power. + +**For the first time in recent history The Scales of Power can now be tipped back into the actual Goverment instead of corperations, financial institutions and other private entities getting to steer the ship. A revolutionary shift can now occur due to the circumstances that are already set in motion. My belief is many decent people in Goverment have been WAITING FOR THEIR OWN CATALYST to have an opportunity to flip the system on its head.** + +Who has been making the rules? Your elected officials? Hahaha, fuck no. Wall Street. Who has been generating the policies? Wall Street. Who has been making it harder for you to get by? Wall Street. The tentacles of Wall Street slither and penetrate through the countless networks and circles of people that should be working for you, but aren't. + +Thus, if you regulate Wall Street more, and limit the use of their secret ingrediant and fuckery, while forcing a level of oversight that provides a greater degree of intimidation and compliance or risk severe consequences, then you have effectively neutralized a massive tool these entities use in their bid to spread their influence and corruption. + +The United States of America may finally be realizing if their people are consistently the victimized by the the wealthiest criminals who consistently seek out ways to force people into parting with their own money... The American people could one day be in a potentially dire situation, nationwide. And that doesn't benefit anyone. The Goverment for many years now, has no longer been the one in power, running the country. It's these powerhouse institutions pulling all the strings. + +And I think there are enough people out there that are realizing or have realized this simply can't continue. Its unsustainable for the American people and the effects are beginning to show in the world around us. With the scales tipped, and the roles reveresed, America can begin to take back some of its power. + +This isn't often talked about in this way here but I genuinely believe this is a huge part of WHY people like Gary are legitimately purusuing change. + +Will it make a perfect system when the dust settles? No. It will never be perfect. + +But will Uncle Sam stop being a little bitch for the banks and rich dicks who have been bending his people over decades, and finally give himself the opportunity needed to dust himself off and fight back? + +I think so. + +I hope so. + +<3 You Apes. + +**TLDR/Edit: I just wanted to add for clarity - The US Goverment redistributing power by way of limiting Wall Street influence does not necessarily equate to rainbows and buttetflies for all. The government can still operate poorly and dysfunctionally on it's own, even with less Wall Street - but this theory is meant to illustrate that taking power back is ALL THE MOTIVATION THEY NEED. Because in the minds of them, Uncle Sam should be the power. Not Private Corps and Wall Street. What they do after this is anyone's guess.** +I currently work in a sales role where I work 6 1/2 days a week and always take work home with me. I really like the job and next year if I continue on the course that I’m on I’ll be earning 110k but that is working my ass off. + +Yesterday I got a call from a client asking me if I wanted to go work out at a mine site driving trucks on a 7/7 roster earning 110k a year and then it goes up each year after. + +Has anyone left a job they liked to go out to the mines ? Did you enjoy it and would you recommend it ? +$ROK Ragnarok Launch: The Journey To Valhalla Resumes + +Ragnarok Token has officially relaunched as Ragnarok ($ROK). + +&#x200B; + +As promised, this has been accompanied with the unveiling of our brand new website as well, whose design and visual appeal will tell you how serious we are about this moonshot project. + +&#x200B; + +Our token’s previous contract had a configuration error in its code, which prevented the auto-liquidity function from being executed properly. That is why we have now migrated to a new contract, with all previous hodlers being airdropped the new token. The new contract has been tested with 2 test tokens, so we can now assure you that the previous issue has been conclusively resolved. + +&#x200B; + +We want you to know that we are still on track to build a real use case for our token, just as our community had previously decided. For those who are unaware, The Ragnarok community had collectively decided that its use case will be to build a platform with data visualization tools for cryptocurrencies which will alert the user of any suspicious transactions taking place, so that they can be wary of putting their money into coins which might be rug pulls, pump and dumps or some other kind of scam. + +&#x200B; + +As part of this platform, machine learning will also be integrated into the system to conduct automatic audits of various cryptocurrency projects, in such a manner that each project is given a confidence score between 0-100% depending on how legitimate and safe it is. + +&#x200B; + +Apart from this, the Ragnarok team will also accept applications from projects to conduct full fledged audits of their code as well as audits of developers’ KYC information. + +In the coming days, much more exciting news is in store for investors who decide to buy the $ROK token, and the team is optimistic about seeing the market valuation growing by leaps and bounds to reflect the token’s progress in building a solid community-led project. + +&#x200B; + +If you have any further doubts or questions regarding Ragnarok, feel free to hop in to our Telegram group, and ask away. We respect differing opinions but we are sure that we will be able to turn even the most hardened skeptics into ardent supporters of our project. + +&#x200B; + +WEBSITE: [https://ragnaroktoken.com/](https://ragnaroktoken.com/) + +Medium: [https://ragnarok-token.medium.com/ragnarok-token-day-2-and-3-summary-deep-dive-into-our-use-case-af248f1d151d](https://ragnarok-token.medium.com/ragnarok-token-day-2-and-3-summary-deep-dive-into-our-use-case-af248f1d151d) + +TG: [https://t.me/ragnaroktoken](https://t.me/ragnaroktoken) + +Twitter: [https://twitter.com/ragnarok\_token](https://twitter.com/ragnarok_token) + +BUY NOW: [http://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1717cc260bacb7841b37fed8d06846101b31e5c8](http://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1717cc260bacb7841b37fed8d06846101b31e5c8) + +Contract :0x1717Cc260bACB7841B37Fed8d06846101b31e5C8 +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +# flair links