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Check the main page for the sticky post and vote now! + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +I used to surf the darkweb in highschool where I learned about the silk road, and in turn learned about bitcoin. + +I bought $50 worth at roughly $3 bucks a pop. Almost 17 coins worth around $600,000 today. + +I sold them all for $100 to buy modern warfare 3 and some snacks with some left over for candy. + +Now don't get me wrong, the mountain dew voltage and dorito fueled madness of MW3 multiplayer was fun, but I don't know if it was half a million dollars worth of fun. + +Just imagine how many double XP boosters I could've bought with the money? :( +Help me understand something. I know what leveraged etfs are, basically, and why they are riskier than non leveraged etfs, and that many people use them to speculate. But long term on the S&P500, where a 6-7% annual return is average, wouldn't you want that leverage? UPRO, a 3x version of SPY, has returned 390% over the last 5 years while SPY has returned 92%. What am I missing? + +Also, I know we've been in a bull market and that past returns don't guarantee future returns, but are there other reasons to not use leveraged etf of the S&P long term? 30 years for example. +It seems like everyday, there's a media talking head laughing at cryptocurrencies by saying it's "magic internet money" that doesn't really exist in the real world. They are telling us that BTC, ETH and such are basically worthless because it doesn't have a physical existence and are not backed by a government. + +Well, those people conveniently forget that fiat money doesn't exist, either. Well, most of it. + +You see, banks are allowed to leverage their holdings in what is called the fractional reserve banking system. If you deposit 100$, for example, they only keep a fraction of that money in cash (let's say 20$), and they use the remaining 80$ to generate yield, generally by lending. What that means is, if every customers of the bank tries to cash out in a short amount of time, **the money won't be there, because it's been lent and doesn't exist anymore**. + +When you deposit cash in a bank, what you get in return is basically a glorified IOU. Should the bank get into trouble, your cash could very well disappear. + +Now, of course, the governement can intervene to prevent such bank runs. But it's always in the favor of the rich. That's what happened in 2008-2009 : the fat cats got bailed out, while the ordinary citizens went into bankruptcy. And it only works in stable countries ; when you live in a failed state, the government won't help you in such a crisis. + +Compare that with crypto. If you are in control of your keys, and assuming their are not compromised, **nobody** can access your funds without your permission. Not the wallet devs, not the government, not the DEX. Nobody. **You are in full control, and you will still be in control even if the governement of your country collapse**. + +In that sense, I think that cryptocurrencies are actually more real then fiat money. Decentralised networks are much more resilient then centralised authorities, and therefore are more likely to survive in the long-term. + +I think we still got a few years ahead of us before the mainstream media catches up with this revolution. Until then, I will accumulate as much as I can. +# Bad stocks if your goal is to Squeeze Citadel + +[Citadel Advisors Llc ownership in CLOV](https://fintel.io/so/us/clov/citadel-advisors-llc) + +* They own 513,775 shares +* 922,000 call options valued at $6,970,000 USD +* 429,000 put options valued at $3,243,000 USD + +*They will make money if you buy/own this stock.* + +[Citadel Advisors Llc ownership in TSLA](https://fintel.io/so/us/tsla/citadel-advisors-llc) + +* They own 58,176 shares +* 24,465,000 call options valued at $16,340,907,000 USD +* 20,683,900 put options valued at $13,815,397,000 USD + +*They will make money if you buy/own this stock.* + +[Citadel Advisors Llc ownership in KALA](https://fintel.io/so/us/kala/citadel-advisors-llc) + +* They own 21,512 shares +* 86,400 call options valued at $582,000 USD +* 71,000 put options valued at $479,000 USD + +*They will make money if you buy/own this stock.* + +# Decent stocks if your goal is to Squeeze Citadel + +[Citadel Advisors Llc ownership in WISH](https://fintel.io/so/us/wish/citadel-advisors-llc) + +* They own 957,396 shares +* 547,800 call options valued at $5,084,000 USD +* 1,006,500 put options valued at $9,340,000 USD + +That's a difference of $1,228,000. Assuming they lose every put, they can cover the losses with the shares they have. + +[Citadel Advisors Llc ownership in INO](https://fintel.io/so/us/ino/citadel-advisors-llc) + +* They own 1,000,574 shares +* 127,400 call options valued at $2,013,000 USD +* 205,100 put options valued at $3,241,000 USD + +That's a difference of $4,256,000. Assuming they lose every put, they can cover the losses x2 with the shares they have. + +# Good stocks if your goal is to Squeeze Citadel + +[Citadel Advisors Llc ownership in AMC](https://fintel.io/so/us/amc/citadel-advisors-llc) + +* They own 724,599 shares +* 4,110,000 call options valued at $41,963,000 USD +* 5,676,200 put options valued at $57,954,000 USD + +That's a difference of $15,991,000. Assuming they lose every put, they can cover the losses with the shares they have. + +[Citadel Advisors Llc ownership in BB](https://fintel.io/so/us/bb/citadel-advisors-llc) + +* They own 2,188,729 shares +* 1,582,000 call options valued at $13,336,000 USD +* 3,002,100 put options valued at $25,308,000 USD + +That's a difference of $11,972,000. Assuming they lose every put, they can cover the losses with the shares they have. + +# Great Stocks if your goal is to Squeeze Citadel + +[Citadel Advisors Llc ownership in GME](https://fintel.io/so/us/gme/citadel-advisors-llc) + +* They own 22,405 shares +* 2,278,000 call options valued at $432,410,000 USD +* 3,271,400 put options valued at $620,977,000 USD + +That's a difference of $188,567,000. Assuming they lose every put, they can **NOT** cover the losses with the shares they have. + +[Citadel Advisors Llc ownership in AMD](https://fintel.io/soh/us/amd/citadel-advisors-llc) + +* They own 4,811,493 shares +* 18,242,400 call options valued at $1,432,028,000 USD +* 25,062,700 put options valued at $1,967,422,000 USD + +That's a difference of $535,394,000. Assuming they lose every put, they can **NOT** cover the losses with the shares they have. + +[Citadel Advisors Llc ownership in U](https://fintel.io/so/us/u/citadel-advisors-llc) + +* They own 748,900 shares +* 568,800 call options valued at $57,056,000 USD +* 1,545,600 put options valued at $155,039,000 USD + +That's a difference of $97,983,000. Assuming they lose every put, they can **NOT** cover the losses with the shares they have. + +[Citadel Advisors Llc ownership in PSTH](https://fintel.io/so/us/psth/citadel-advisors-llc) + +* They own 373,512 shares +* 1,497,200 call options valued at $35,948,000 USD +* 2,439,700 put options valued at $58,577,000 USD + +That's a difference of $22,629,000. Assuming they lose every put, they can **NOT** cover the losses with the shares they have. + +&#x200B; + +**If my goal was to** ***Squeeze Citadel*****\*\***, I would HODL $U, $AMD, and $GME. Not financial advice. If there is more interest in this post I can continue the research.\*\* +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! + +Options trading is literally a race against time. The clock ticks in favor of the seller, but the movement of the underlying can move against them much more rapidly. I'd like to demonstrate this with a quick example. + +Imagine today that right before the market closed you decided to sell a CSP on AMC. AMC was trading at $24.50 a share, and you sold a $18 put expiring at 1/21, collecting a $1.86 premium. You might reason, "I don't like the stock very much, but I'll collect a lot of theta even if AMC drops, as long as it doesn't drop too much." This is a fundamental mischaracterization of the trade that you're making. + +Now imagine that tomorrow, AMC closes at $24.33 a share, dropping less than 1% from today's close. This seems like a pretty good result, right? Not really. Assuming no changes in IV (as well as r, the risk-free interest rate), your sold option will still be worth about $1.86. Yes, you collected theta, but you lost money on movement in the underlying, and they roughly cancelled themselves out. + +You decide to check back at the end of the week, after market close on Friday. AMC is now trading at $23.66. The put that you sold for $1.86 is now worth $1.90. You now have an unrealized loss, even though the market did not move against you very much over those 3 days. Now let's say on Monday you catch a break, and AMC rallies 5.6% to $25 a share. Your puts will now be worth about $1.63 for a gain of $27 from Friday's close. About half of that gain will be from delta and the other half from theta. You can expect similar results on most days. Given how volatile AMC is, your profit/loss in any typical day will reflect movement in the underlying as much or more than it did theta decay. + +In this sub, people mostly talk about CSPs, CCs, and the wheel, which are all largely the same strategy (CCs and CSPs both have the same risk/reward profile). However, I find it rather misleading to call them theta plays. It is analogous to saying "cream with coffee" instead of "coffee with cream." You're emphasizing the less significant item. Your standard CSPs/CCs/wheels are delta with a side of theta, not theta with a side of delta. The extent to which the underlying is responsible for your day-to-day profit/loss depends on both strike and DTE. + +I think the recent selloff in some of the more speculative/memey stocks has provided a good/expensive lesson for many people. You really do need to be fairly confident about the movement of the underlying, or you're going to get demolished at some point. I just wanted to further emphasize this by offering some numbers. I won't tell you what trade to make, just to be informed about the trade you're actually making. I encourage you all to play with options calculators to see where your gains (or losses) are really coming from. + +(And to those that don't like the idea of trading "delta with a side of theta", I'd encourage you to look into hedges that allow you to minimize exposure to movement in the underlying while still netting yourself significant theta.) +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. +EDIT: I just wanted to say, these answers have helped me more than I could have imagined. I'm so incredibly grateful for your experience, advice, and taking the time to provide input. Thank you all so very much. + + +I was very fortunate and FIREd early, before 30 years old. I spend maybe a couple hours a week checking in on things, but I've been unnecessary in my passive income for a few years now (even if I wanted to spend more time managing, it would be pointless). The last couple years I have passed the time focusing on family and pets, watching shows, researching purchases, playing games, all the things I couldn't dedicate time to when I worked all day. + +It seems so ridiculous, but I'm in a rut. I don't want to sit in front of a screen all day until I die. I don't want to travel, and can't travel for a few more years anyway due to my numerous pets. I pick up hobbies but still feel no interest in them. I picked up instruments, pottery, puzzles, sports (golfing, shooting, tennis), going to local plays and restaurants, nothing is sticking or consistent. + +I feel insane, immature, and ungrateful. This was the whole goal of FIREing, but I've never felt less interested in having free time. There's little motivation to do anything if there's nothing to work towards. Those of you with a lot of time on your hands, what do you fill your day with? What do you look forward to? Thank you for your input. +I know that in fatFIRE, the RE part is not as important as in other fires, since here we don't hate our jobs and have no rush to leave it (if at all). + +My question however is, as an ambitious professional, do you struggle with giving yourself a break and enjoying your down time? After all, we cannot do great work if we're not well rested and fulfilled. What are the 2 biggest issues you're dealing with in this sense? +I understand the QQQ is the top 100 tech companies in the nasdaq and that the TQQQ is triple leveraged against it's daily gain or loss. But can someone explain how this would make a significant difference for multi-day gains or over a year? I just don't understand how that it would apply triple for a days value but not necessarily for a year? +Hello! Let's change the narrative for a moment-- no "*rate my profile*" or broad index funds here. + +Post (and upvote) your favorite theme-based ETFs. + +&#x200B; + +\[... curious about what the heck we're talking about? [Learn More](https://www.wsj.com/articles/investors-love-thematic-etfs-and-mutual-funds-but-they-arent-always-loved-back-11604854815)\] +Let's start off by detailing that I only had data that went back as far as April 19th and I do plan to update this every now and then. I did this for fun and because I like this community. This analysis shows us what Tickers we are often talking about. This took way longer than expected but was fun. + +# Method: + +1. I found each weekly Megathread and saved the links. + +2. Then I went into the threads 1 by 1 and copied over every single ticker I could find in the comments of that thread and how many upvotes the comment received. This means that there can be multiple tickers in a comment and each one receives the same number of upvotes. *Each Ticker was only counted 1 time per comment***.** The date of the weekly Megathread was also saved into the excel file. + +3. After compiling the data I began to create the data tables and charts + +# What we have to view as of today: + +**Mario Kart like ranking system for the top 10 Tickers mentioned**: In this table/ranking system I added up the number of times a Ticker was mentioned week by week. Then I assigned each ticker a ranking (the highest number being 1st place and the lowest being last) and the number of upvotes the ticker had on the given week was the tiebreaker. However, not all ties could be broken. Once I got the current and last week's rankings set, I was able to find the movement by finding the difference. This was inspired by Mario Kart. I'm tired and sorry if I am making no sense. *All you need to know is this is the rankings from the week of April 19th to the week of May 31st.* + +[VTI has been killing it](https://preview.redd.it/bynzqlgmbd471.png?width=377&format=png&auto=webp&s=267b4b8d9908f01ae355de5e8d8280d405b5d230) + +**Progressive Count of the Top 10 Tickers:** This is essentially the same as the Mario Kart Table but represented in a line graph. This allows seeing how much we truly love VTI as a subreddit lately. This line graph is useful because we get to see the *FLOW* of the ticker mentions over time. + +[VXUS looks to be picking up steam](https://preview.redd.it/smtzhr1kcd471.png?width=2708&format=png&auto=webp&s=50414b18cbc86a29e521e462a9640c883202f7c2) + +**Count of top 20 tickers mentioned in a stacked collumn chart:** This chart shows you excactly how many time the ticker was mentioned in the comments. Blue represents april and green represents may. Now much to say here. + +[Dont forget april only had 2 weeks](https://preview.redd.it/gzvxdt02dd471.png?width=2822&format=png&auto=webp&s=f3874771a28fe2d231e124ba3b02b8e12c114f4e) + +**Count of top 20 tickers mentioned in the comments by the upvotes they recieved in the stacked collumn chart:** Similar the previous chart except it is by upvotes. Surprised me how difference they are. + +https://preview.redd.it/dhhb7wqidd471.png?width=2805&format=png&auto=webp&s=c3e0d32976454da7b7ba873361bec99661ee1978 + +**Pie chart of number of times each top 10 ticker was mentioned:** These percentages are only out of the top 10. + +https://preview.redd.it/uuhpa0aydd471.png?width=2593&format=png&auto=webp&s=c4ccecbe244a61e69924952ef83ceebda26f0f8c + +**^(Anther pie chart except)** **This Pie chart shows the percentage of the given catergory:** The categories are: tickers mentioned once, tickers mentioned 2 to 5 times, tickers mentioned 6 to 10 times and tickers mentioned more than 10 times. This was to show how many times a ticker has been mentione ONCE. + +https://preview.redd.it/1elzz8thed471.png?width=2567&format=png&auto=webp&s=64e0f3db74275fe01c1d22e54c02839e6436fb99 + +**Here is a simple bar chart of alltickers mentioned more than once:** + +https://preview.redd.it/pobpzy5led471.png?width=3154&format=png&auto=webp&s=c4302e60495cfd6cd9812097e87b1b33c1d2c5fe + +&#x200B; + +And lastly and my least favorite, here is the top 10 tickers by mentioned count by Week. + +[JK love all them the same](https://preview.redd.it/20gns7bred471.png?width=2569&format=png&auto=webp&s=fafc9838787decda9947e2cacaef95212f129c5c) + +&#x200B; + +&#x200B; + +Thank you so much everyone for actually looking at this!!!! + +Edit: in the future I want to see how we mention tickets vs how they actually do. And proud of use for basically no meme stocks. +https://qz.com/1623418/index-funds-now-account-for-half-the-us-stock-market + +> The shift has been going on since 2006, with money flowing out of active and into passive every year since then. It’s taking place as a growing number of investors realize that highly paid money managers are seldom able to beat broad benchmarks of stock market performance. More than $39 billion of cash went into passive US equity funds last month, compared with $22 billion for their active counterparts. + +> When it comes to passive investments, can there be too much of a good thing? A concern is that, if too much money flows into funds that simply track an index, markets will become inefficient, and prices will no longer reflect the underlying value of specific assets. It’s worth remembering that many passive funds are used actively, with investors and traders buying and selling them regularly to rebalance their portfolios. Indexes have become a way for some investors to pursue individualized strategies. +Hey all, I’m 16 years old(almost 17) and I opened a Roth IRA account a little over a week ago! I work at a local restaurant making 10/hour and am planning on contributing between $500 and $1000 dollars this year into my Roth IRA (I have already contributed $250 into it). I opened the account through a friend/broker through American Funds and currently my money is invested into AIVSX. I was wandering if this type of investing will be profitable in the long run or if I need to be investing in something else? The main reason I wanted to go ahead and open this account is because I realized I have the factor of young age on my side and I have almost 40 years until I retire to let the money compound! My approach to this is to be pretty conservative and not worry about making a lot of money real quick, instead, contribute consistently and let the money do it’s work! Do y’all have any advice on what I am doing? Or any advice on investing in general? Thanks! +Looking for some advice, found myself in a strange situation. I going to buy a car with an element of finance attached to it. Completed all paperwork, even changed over my Insurance. Was all ready drive off in my new car, and then was the dealership told me they found a fault in the car and couldn't sell it to me. + +A few days later I received a "hope you love your new car" email from the finance company. I called and explained that I ended up not buying the car. The guy said no problem, we will unwind the loan. As a precaution I also called the dealership who confirmed the money had been returned. All sorted.... or so I thought. + +I kept getting post, text ect from the finance company, so called again a few days later and was told that the money had not been returned to them and my loan was still outstanding. That's when I found out that they intend to try to start taking payments on the 1st of April (I cancelled their direct debit earlier in the week). + +I gave it a few days assuming it would get sorted, and called them again today to confirm. The lady I spoke to give me the same story that they are yet to receive the money and until the money is back with them (I'm told it is but can't prove it) my loan will remain active and they will try to take payments on the 1st. I explained that I am obviously not paying for a car I don't have, and that since the finance company clearly have a relationship with the dealer, this should be straight forward and isn't my responsibility to resolve. + +I have no confidence that this is going to be sorted without further action from me. But am now going to raise a complaint with both dealership and finance company to try to get a resolution. + +How can I avoid my credit score taking a battering when they try to collect on the 1st and the payment is request is rejected from my bank? +Tenants paid at beginning of the corona. + +May it’s a few days late. +June a month late. +By September it’s a couple hundred bucks here and there +Rental assistance by December - 3 months. Still 6 months behind. +I have continually mentioned cash for keys. Upward of $1,000. +“I can’t apply again” last 5 months. +New cars. Household of 5. Milking the system. Blatantly posting it on social media. + +I file for eviction in April. +They call me one night and say. “We’ll be out in 2 weeks. You don’t need to move eviction further” +The day before they ask for 3 more days. +End of those 4 days. +I call “oh. Something came up. 1 more day” + +So, I go over. Door unlocked. A lot of big stuff gone - furniture, table, 2 beds. A lot of stuff still there - 2 beds, TV. +Trash everywhere. Literally. Like just random stuff. Like a school trash can ripped open with papers. Receipts. Fast food. Junk mail. Random boxes. + +I call and say. Tomorrow. 5pm. + +So, should I proceed with eviction just so no one else has to deal with this or let dead dogs lie and move on with life? +I've been a minimum wage retail slave since finishing community college. My parents were broke immigrants and it was always a struggle making ends meet. Before all this I dreamed about saving up a measly five thousand dollars so I started to play options which led me to the gambling sub. + +When the buy button was turned off I KNEW some shit was going down. When it crashed back down to forty I dumped all I had into it. + +Everyone was screaming that it was a pump and dump. That I'd lose everything. That I'd be a bagholder. + +But really, what's a couple hundred bucks when I'm already rockbottom? That's what I thought. I was hoping to make a few thousand dollars so I wouldn't be riding the line of homelessness constantly. + +While MSM screamed that hodlers were losing money....I watched my unrealized gains hit my dream amount.....then higher....then higher...then higher. + +Since then I've set up automatic deposits into computershare twice a month every paycheck. Yeah I'm barely scraping by. I got an inflation raise but it's still pretty much minimum wage. + +But for the first time in my life I don't just have a couple hundred bucks saved up. I have moon tickets that are already showing green. Already showing me more money than I ever dreamed I could make as a community college graduate 2nd generation immigrant. + +This is my chance. I've already succeeded. I like the stonk and the stonk likes me. + +Buy. Hodl. Drs. + +🚀 +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I've used Capital One as my primary 'brick and mortar' bank for many years now. Never had an issue with them until recently. A few months ago I logged in to find that in addition to my own bank accounts, I mysteriously had access to 3 new bank accounts with a total of over $100,000.00. This was very concerning because I wasn't sure if in turn, someone else had access to my accounts. I immediately drove to my Capital One location. They said they would escalate to their security division. The problem was never resolved. A month ago I called their security division for another update. They said that they didn't have record of this issue (ugh), but they would resolve it within 2 weeks. It has now been over 2 weeks and the issue has not been resolved. **I literally have access to other people's money and they don't seem to be taking this issue seriously?!** I need some guidance on this. I'm scared of identity theft and this smells rotten... + +Update 1: I've been on the phone with Capital One for the last hour, being transferred from department to department. I do think they are starting to take this seriously though. I really appreciate everyone's guidance. Thank you! I am also in the process of transferring money out of MY accounts into my secondary bank as a precaution. Capital One has assured me that the other people do NOT have access to my accounts, but I want to play it safe. Many of y'all have joked about messing with the other accounts, but I won't do that because I don't like playing with fire. I'll post another update if I get anywhere with Capital One today. Otherwise, I will post a complaint with the several regulatory bodies you guys have suggested. + +Update 2: I was finally escalated to someone in their 'management staff' whatever that means. They said this type of issue typically takes 20 business days to resolve from the time the case was officially opened. He said I should expect the issue to be resolved in the next few days and that I would hear back from them directly once it is closed. I did document the Case Number as well as the names and departments of the two primary people I spoke with. I will go ahead and file a complain with the OCC and/or CFPB. + +Update 3: I filed a complaint with the OCC. + +Update 4: I filed a complaint with the CFPB. I need to step away from my computer for a while, so no more updates until I hear something from someone. Thank you all for your guidance! + +Update 5: A lot of you have asked whether I can see the other people’s PII. The answer is yes. I can open up each of those accounts, see their names, their address, their spending history, and even look at pictures of their cashed checks with their signatures on them. + +Update 6: **\*\*Final Update\*\*** Looks like this got sufficient attention and Capital One's 'Escalated Solutions Team' called me this evening confirming everything has been resolved. I have checked my account online and everything looks good. Apparently the primary account holder for these mystery accounts named me as the Power of Attorney. Supposedly I share the same name as the person they actually intended on naming as the Power of Attorney. This is crazy considering I have a very rare name. Apparently I've had access to these accounts for much longer than I realized, but they assured me that no one ever had access to my accounts. Per the person I spoke with, their legal team also notified the primary account holders. Boy, I would have loved to be a fly on that wall. I have also taken fastidious notes about this whole process and requested a formal letter from Capital One explaining all of this and the final resolution. I'm just glad this is hopefully all behind me. You can't imagine the amount of time I spent on the phone with Capital One today. + +&#x200B; +Seen a lot of hype around this company and claims about it's technology so thought I'd clear some things up. I have nothing against this company individually, but this sector is renowned for managing to hoodwink people who aren't engineers. + +**Energy from waste is not recycling**, it is at the bottom of the waste hierarchy, just above landfill. The push from gov't is towards making packaging economically viable to recycle, not making syngas from it. + +**Pyrolysis / steam cracking EfW (energy from waste) plays have been around for ages and all gone bust**. See German examples below. + +**Be highly skeptical of a company who has a new technology but doesn't tell you the process efficiency**... all I can find is references to it being super efficient. The problem with these systems is you use a huge chunk of the energy to power the reactor. What proportion ends up as H2? What is the process loss? Who will buy the syngas (is the syngas going to be burned for electricity generation? coz that ain't green and you might as well cut out the middleman and burn the waste) + +**EfW is having a bit of a rebrand** atm as it's very difficult to get planning permission for an incinerator. A new name with 'eco' jammed on the front isn't going to make green campaigners suddenly love it. + +Anyone interested should read this hilarious academic [review](https://doi.org/10.1016/j.resconrec.2018.10.038). As well as joking about all the crazy claims from pyrolysis EfW, it also gives examples of companies who tried to do this in Germany, but failed. Here is a choice quote: + +A linkage between widespread commercial failures and a lack of focus on thermodynamic fundamentals is also identified, along with an environment of indifference or ignorance towards energy balances and sustainability when these technologies are presented, assessed and financed. Though proposals to build machines which violate physical laws is not new, in a modern context this phenomenon is found to be stimulated by competitive financial rewards. The situation presents a high risk to investors and has the potential to adversely impact on societal transitions to a more sustainable future. + +Imho, turning unrecyclable plastic into new feedstock via pyrolysis has a place, but the goal of a functioning waste management system is to make that place as small as possible and focus on more thermodyamically favourable options. + +&#x200B; + +**Tldr: The technology to turn plastic into syngas has been around for a long time. This company has just put 'eco' in front of syngas.** + +Edit: [here](https://www.lowimpact.org/pyrolysis-not-solution-plastics-problem/) is a link to an article to the academic who wrote the review which uses plainer language +I am the owner of a small business that is doing fairly well - this year I'm looking at around 550k of profit and next year I hope to double it to around 1 million USD. I'm in a sector where I doubt I will ever get it to a point that I'll be able to sell the business for millions or the gravy train will run for decades. I anticipate that over the next 5 years, I will make around one million to two million dollars every year. I am almost like a one woman show with seasonal/part-time employees and employees on contracts that are paid (I don't add this into profit of course). + +I am worried that at my age what will I do to turn that cash into longer term investments and diversify, in the case that my business shuts down in my thirties. What would you do if you were in my shoes? + +Should I get into real estate? +About two years ago, my significant other and I were serious enough to open a joint savings account together. I am not great with money, and I tend to spend anything I get. Often, I spend any extra money on paying off student loans, but that doesn’t negate the fact that my personal accounts frequently hover close to zero. + +With one joint account, we each deposit a set amount every pay cycle. That money cannot be touched for anything besides the already budgeted necessities like rent, groceries and the electric bill. + +Because we deposit slightly more than we actually need, in a relatively short time we built up the account and now both have easy access to roughly $2000 in case of emergency. + +I would never have been able to do this alone, but knowing it’s our money as opposed to my money means I leave it where it is. I would only use it in a real emergency. + + +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! + +Anyone noticed that Next Investors only display results from 2019 onwards? No doubt they are masters at short term pumps; but how do they perform long term? + +Unfortunately for them, old websites are archived and can still be viewed. Just go to the Wayback Machine website. So I pulled up Next Investors from 2014 and looked over their Mining picks. Results below, please feel free to correct any mistakes, as this is what I could gather from Google searches, since most of these stocks are now delisted. + +**Cleveland Mining (CDG)** +Bankrupt May 2018 - 100% loss + +**Tigers Realm Coal (TIG)** +Bought 0.17 cents - Now 0.008 - 95% loss + +**Orinoco Gold (OGX)** +Bankrupt April 2019 - 100% loss + +**Potash Minerals (POK)** +Delisted - unclear why - possibly acquired? + +**Australian Minerals and Mining Group (AKA)** +Delisted - generic name makes it hard to find info why, guessing bankrupt? + +**Cradle Resources Ltd (CXX)** +Bought around 0.20 - Now 0.067 - 66% loss + +They have heaps of other picks as well for other years and sectors. I only had a quick look at some of those, but got the idea pretty quickly. + +Waste company **Anaeco (ANQ)** bankrupt a few years after Next take a "relatively large position". Another one is **Esense (ESE)** which has been in a trading halt since last year and it looks like Next are probably still bagholders with a position. + +The morale of the story is to dump before they do. +So over the last 3 days Muttley Fools have changed their stance on Z1P 3 times. Last night the cnts said it’s a share to sell this week and this morning they said it’s a buy with Morgan Stanley being bullish with a target of $12. Correspondingly it pumped and dumped this morning. Nice work you Motley Cunts. Fucking over retail holders like us. Now I know who is holding the red dildo that has been ripping my asshole apart. +Hey /r/povertyfinance, + +I don't really have anyone to tell this to but you. + +This summer I had no car, a job barely above minimum wage that I hated (hotel front desk is not the ideal job, trust me), and almost no money. I was sleeping on a makeshift bed in my dad's living room. I saved everything I could, which was most of my income thanks to my dad covering the mortgage and most of the groceries (thank you, dad). + +This fall I moved out to go back to school and got an apartment with two friends off campus. I also got my first office job, an internship in software engineering. There was a gap of about a month between quitting my old job and starting my new one, and buying a car was the last of my money. I started the school year and my job with less than $50 to my name, plus a car loan for a few thousand and a maxed-out credit card, thankfully with a $500 limit. + +Now, 4 months later, I am making regular payments on my car loan and credit card, and can pay my bills on time. + +The reason I'm writing this is that I just put $20 into my savings account. I haven't had money that wasn't immediately needed for something since I moved in. It's almost surreal. + +I know it's a small step, but I'm making more than I'm losing. +The title says it all. I'm curious as to why this happens. + +BTW, I have no BB shares yet but I wanted to understand why a company like BB can go down even when they seem to be on the right track? + +Thanks. +Apes. + +When scrolling down r/Superstonk this morning, I (and many other apes) noticed three and counting posts about a certain user who posted cryptic messages a few weeks ago. All of a sudden, people seem *suspiciously* interested in all of that. + +I sense bullshit because: + +* They are trying to create a sense of urgency ("we must go down this rabbit hole now, it's so important!!1!!") +* There are multiple seemingly independent posts on the same matter popping up at a seemingly random moment +* The accounts that engage in those discussions are highly suspicious. + +Elaborating on the last point: + +I do not want to call out any specific users in case I am wrong. However, if you scroll through the comments of those posts and click on random user names, you will find the following: + +* Many users commenting in one of those posts comment in the other posts on the same matter aswell, and they seem to be met with the same amount of surprise and awe every time they encounter that post ("whoa what a rabbit hole" in all three posts) +* Most commenters that push that agenda are very young, created either in Jan/Feb of this year, or, interestingly, in March 2020 +* I found accounts that seem to be managed by multiple people each - Or one person that never sleeps. They comment on posts around the clock, there are no breaks between comments that are longer than 3 hours. + +People, please be careful and question everything you read on here. Shills, please be more subtle than that, your blatancy is an insult to our intelligence. + +Edit: I really don't like it when people who disagree with me get downvoted. +I was talking to my doctor yesterday, and her hospital is expecting to lose a bunch of people because they are not vaccinated and will not get vaccinated. + +Keep an eye on your local hospital systems... These kinds of jobs are food, housekeeping, patient transport, various office jobs... It's not necessarily direct patient contact. + +Where I am, these jobs are unionized, and pay decently. +It makes no financial sense for me to share legitimate strategies. + +There are might other reasons rather than financial: be popular in some area, share ideas, create community, etc. + +But I think in most cases it's cheating. + +What do you think? +When I heard he was imposing tariffs on allies, such as Canada, I immediately just assumed that it was dumb. Then I heard they tariffs on us first and were asked to stop before Trump did what he did but that was from someone that doesn’t know the situation that well. So my question is were they tariffing us first? And if they were why? How long? And on what? + +Edit: thank you to everyone that has responded, I think I get it now but if there is anything that you feel was messed please go ahead and explain it. +Everywhere I go I see "Now Hiring." Yet, many service positions remain open and service is slow. Restaurants, grocery stores, department stores, etc. My grocery store has had open jobs signs for the last month, and I just talked with an employee and they've got 15 open positions they're just unable to fill. They're overworked, underpaid, and anxious about the impending holiday busyness. I want to find out how we got here, what the next few months will look like, and what solutions may be out there. I'm creating a documentary that explores this subject and why the current job market sits where it is, why everyone is hiring but jobs aren't being filled, how the holidays will look, etc. I would love to know your thoughts. Thanks! +Can anyone explain the pros and cons of a Wealth Tax? Income tax I totally understand, but I'm not certain I understand a wealth tax. I'm no monopolist fan, but if the stock market is overinflated (as it is now) and Jeff Bezos's stock portfolio inflates accordingly, he'd owe billions of dollars in taxes on *unrealized/paper* gains. + +The only way to pay the tax bill would be to cash in some stock, which could a) sink the value of the company because of the sell-off, and b) he'd quickly lose control of his own company in a few short years. (In fact, if everyone had to start selling off stock every tax season, we'd see huge drops in the market each spring, wouldn't we?) +I wanted to post this as a reminder to check your recurring subscriptions! There might be something you forgot about/ don't think about until the payment comes out of your account. The three I cancelled are +Amazon Prime: $15 +HBO subscription: $16 + Chegg Study: $15 +and there is one more that I'm on the fence about, but it would save another $11 each month. + +I don't know why I kept these for so long. I rarely order from Amazon. Definitely not enough to justify the prime membership, and I signed up for that free trial of HBO and then forgot about it. I haven't used Chegg in a year. + +I'm planning to put this $46 straight into my savings account each month. That will be an extra $550 by this time next year! + +If you haven't already, look through your bank statements from last month and make sure you cancel anything you're not using! +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 daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +This post is going to be all over the place, but I am looking for financial/life advice from you guys who are presumably older and wiser than me. I figured this is a good subreddit to ask about what to do with a large inheritance. My grandfather is going to pass away soon and I am in a position to receive anywhere from $1.5 to $2 million. I recognize this as a financial blessing and a massive responsibility. Anyways, I am currently an underclassman enrolled in a T20 U.S. university and consider myself to be a fairly competent individual. + +I, obviously, have a whole life ahead of me, and I want to grow my net worth into 8 digits before 35. It is definitely easy to lose money quickly after a sudden windfall (e.g. lotto winners), so I am looking to formulate a long term strategy grow my grandfather's legacy. I have a few questions for you guys: + +1) If you were in my position with the knowledge you have now what would you do? + +2) What sort of majors should I consider going into? Right now, I am thinking economics and computer science; however, I have been told a few times that "undergrad isn't that important". Would it be wise to join the workforce for a few years prior to going to grad school? + +3) Investment advice? I know real estate isn't super popular here, but it seems that I would have a jumpstart on a real estate journey. Otherwise, I am thinking of investing in some Vanguard funds and a much smaller percentage on some stock picks. +Wanted to open some dialogue up as to how people think ETH will be perceived as a store value during a global economic recession? + +My background: I’m well educated on macro-economics and there are lots of indicators suggesting the USD will buckle imminently due to massive inflation in global housing, stocks and also U.S bonds. + +Quick summary on why I think a crash is imminent: If you look back at the history of ALL Fiat currency it’s a cyclical pattern of debasing, subsequent inflation and then a flock to precious metals when the fiat currency has perceived lack of value. The USD is no different and in recent years we have seen quantitative easing (vast lump sums of money printed into existence) implemented by fed reserve. Initially QE was used to bail out the banks in 08, but recently it’s been required to stimulate a highly unstable and dependent banking system and by proxy, economy. This has sped up inflation exponentially to the extent that world trade deals are no longer being backed against the USD and nations are choosing to trade direct. This is very important as it shows 1. the lack of confidence markets have in the USD and 2. Nations see the opportunity of trading behind the U.S’ back greater than the political consequences. The USD is the lynchpin in global finance, virtually all other currencies are backed against it. It the USD goes down, 90% of nations fall with it. + +There are many other indicators such as the hoarding of precious metals by nation states, the very recent downturn of the two biggest housing bubbles in the world (Australia and Canada). If you follow financial media, you’ll have read about the recent stake increase by George Soros who’s shorting U.S stocks + Buffets recent cashing up. I could go on & on, the evidence is overwhelming….we’re due an imminent (within the year) global recession/crash. + +Whether this will be a quick overnight crash or a drawn out recession is tough to gauge, but once it’s apparent the market will start to back the traditional safe havens (bonds/precious metals). The really worrying thing is that bonds are also grossly inflated right now & once this is realised we’re in for a 100% definitive crash. + +My initial thoughts on the impact on Crypto: Crypto was specifically designed off the back on the 08 crisis and the market understand it’s a viable alternate currency system. We’ve already seen a transfer of wealth into crypto from past use cases of struggling economies (Cyprus/Greece). This is a very positive indicator for the health of the crypto during a fiat recession/crash. + +I believe that if said recession happens, we will see very large gains in the top 10 coins. I think the vast majority of wealth coming in will be backed by an uneducated crypto market and they will subsequently default to Bitcoin. Rationale - the masses currently perceive it as the safer option as it’s a known media commodity and it has the reputation as digital gold. + +This same new market will perceive ETH as being reliant on world trade/business, and I’d infer the short term gains we make will not be as large as Bitcoin. But… we will make gains. BIG gains and over time, once this new market becomes crypto-educated we’ll see the wealth shift to eth. + +Would love some opinion on this. How do you see the crypto space playing out in the event of a recession/crash? Which coins do you think would thrive? Which coins will struggle? Investment strategies? + If workers own the means of production, the only mandatory labor would be socially necessary labor, which inevitably would be a small fraction of the labor time used up in capitalist society. + +Hence, the work people must do would be minimal, allowing for lots of free time which can voluntarily be spent on socially unnecessary labor (to trade produce and/or for recreation). + +However, specialists in the medical profession would be considered socially necessary labor but I cannot see how the supply of such services would meet the demand. Society needs proctologists for instance. Since it is such an unappealing job, the primary incentive for people to get such a job in capitalism is money. Yet, the supply of these kind of niche specialties remains so low that these people tend to work full-time at least. + +Hence, I cannot see how the supply of niche specialties can meet societal demands in a non-capitalist society. +How much should be in an emergency fund?? I know most people will answers 6 month expenses and that seems reasonable. Once you hit that goal do you leave the money in a savings account or invest it somewhere you have easy access to it? I’ve just hit the 10k mark for my emergency fund and feel like it’s a waste to just leave it in savings with no ROI. +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! +Lockheed Martin (LMT) has been slowly trending down for about a month now and is showing no sign of stopping. The stock before the March crash was over $440.00 a share and crashed to around $290.00 a share. It since than started to recover but than started to trade sideways and has been bouncing and touching the $390.00 mark but now its been pulling back again and today it closed at $357.98 a share. It has been trending down and couldnt find any significant negative news as to why other than the CFO leaving. It currently has a dividend yield of 2.89% and its very undervalued in terms of the overall market. It has a P/E of 14.03 and a forward P/E of 12.84. Overall this seems to be a very hidden gem in the market right now because I don’t hear anyone talking about this stock but I have been buying the dip on it every time it goes down and I will continue to do so if it keeps staying in this bearish trend. Overall I love the company and love what they are involved in. I especially love their increasing revenue and contracts for their Space field and their research into hypersonic technology and AI. Anybody else been watching this stock and buying aggressively like me? How low do you think it will go? Overall I love seeing strong buys like this in an overvalued market. + + +Edit: I see these comments all over my post and this is the response to all of them. This post wasnt meant to be a debate on morality and ethics but was to talk about a stock being undervalued. This is the same response I gave to someone in the comments and I am posting it here for the rest of you. So here is my response to those the righteous moral people in the comments. Defense is necessary, every country has to have it and puts money into the military whether you like it or not. Also where do you draw the moral line at? Do you not invest in MSFT because they build and do equipment and technology specifically for the military which is used to kill people? They just got a contract with the Army not to long ago. Do you not invest in AAPL because they use cheap labor overseas to build their products? Do you not buy bank stocks like BAC, JPM, etc because they do a lot of shady practices and screw people over by the day? Do you not buy WMT, TGT, or COST because they are big businesses that push out smaller businesses and ruin the competitive atmosphere? Do you not buy health stocks like JNJ, PFE, or MRNA because the whole healthcare sector is run by money and its a business that determines whether people live or die based on their financials and health insurance and the drugs are made and tested by inhumane experimentation? I got news for you but no company is clean or cleaner than one. All are involved in dirty practices. When you invest in big corporations you are not exactly Mr. Moral Man regardless who you invest in. Just something to think about when investing in the stock market. +&#x200B; + +Just sharing some stocks that I am currently looking at for longer term plays, possibly even shorter term "investments". These are just a few on my current watchlist, and I might share more if there is demand! + +[AA. Looks very good to me, I would put a PT of $100 \(previous ATH - 09\) as reasonable within a couple years. Very high r:r. Company has been around as long as stock exchanges. Very, very safe bet ](https://preview.redd.it/7ftb6zbyiqh61.png?width=1008&format=png&auto=webp&s=c4d82e25e47cf834134d098760b1defd76e98b10) + +&#x200B; + +[ACCO. PT looks like 12 then 15 or so should be reasonable. Pays a dividend and has been around long enough that it could also be considered safe ](https://preview.redd.it/9lqgxj15jqh61.png?width=1008&format=png&auto=webp&s=0ac4ead7482001d649e3cfc201ec09aceac3a6e1) + +&#x200B; + +[ACEL. Beautiful Triangle setup, $20\/$25 PT Some nice fib lineup, and RSI looks good Also, a bit of an inverse H&S or triple bottom if you zoom in to the 1 hour ](https://preview.redd.it/695ekxj9jqh61.png?width=1008&format=png&auto=webp&s=b10a266fd04f155c5e58b645f348ac94d5dc1923) + +&#x200B; + +[ ACGL, an insurance company. Practically only goes up. Went up during the dot com bubble and straight after the GFC. The only real correction they have ever had was the Covid crash Near term, $70 seems reasonable and long term $100 is my PT ](https://preview.redd.it/7ivmnt3hjqh61.png?width=1008&format=png&auto=webp&s=fff03f010648c649532bc4965eba449dbad5b990) + +&#x200B; + +[ ACIW. Nice consistent uptrend, recently hit new ATH. In a rising channel since the Covid crash, entry upon a touch of the lower boundary would be ideal. PT of $55-60 ](https://preview.redd.it/wuhxpevkjqh61.png?width=1008&format=png&auto=webp&s=6fbb04d4f6fe959eaf287ba54da3ad163b020937) + +&#x200B; + +[ ACLS rounded bottom. Or possible cup and handle formation. The RSI makes me want it to be a cup and handle, with optimal entry on a pullback to the rising trendline, maybe even between 30 and 36 ](https://preview.redd.it/sauqyqrqjqh61.png?width=1008&format=png&auto=webp&s=73716a80ffaa452a12f207425b92a62507b5d389) + +&#x200B; + +[ WRK. Confusingly beautiful chart, like almost to good to be true kind of confusing. Recent year lows are only around $21, and that was the covid crash, so the company must be sound. Slight downtrend since 2018, but price recently broke out of that. Now in a rising channel. RSI is really nice, and shows room for more upside. Possible cup and handle, or rounded bottom formed. $69 \(previous high\) seems reasonable to expect within a few months. Also has 1.87&#37; dividend. 1.87&#37; extra gains, because why not ](https://preview.redd.it/noqtttiujqh61.png?width=1008&format=png&auto=webp&s=134a4b94609f93a5f0820f0ed28b303beb0f781a) + +&#x200B; + +Feel free to ask me any questions on these, and I welcome any and all feedback. + +Many thanks, + + ***NathMcLovin!*** +Just been reading about the immense amount of uncertainty right now due to rising cases, US elections and global cues - so wanted to ask if it’s a good time to do some profit booking and probably re-enter if and when the market goes down much further? Or is it just a better idea to think long term and hold positions? + +* Which bank do you recommend for savings account or fixed deposits? +* How is your experience with wealth management services? Discuss your experience with Citigold/CitiPriority, Kotak Privy League, db WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. +* What bank offers the best foreign exchange rates? +* Discuss the quality of the bank's mobile apps and the services they offer. +* How are the lending practices at your bank? Did your housing loan get approved on time? Were you required to purchase additional products (like insurance) to avail a loan? + +You can ask for a general review of a particular product or service that you are researching - "Is bank X good? Is it recommended for basic services no-frills accounts?", but please avoid asking for personal advice. The discussion is for consumption by a broader audience. For advice regarding your personal situation (like "I am Sharmaji ka beta, and my family is pressurising me to take a home loan, what would you suggest?"), the bi-weekly advice thread is recommended. Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +I feel like a lot of the books I’ve been reading have been hammering this concept over and over into my head but I’m not sure if that’s a proper strategy to follow. As a new investor, I feel almost angry when the market is up because it means that I can’t buy it for cheaper. Should I break this mindset? +I’m finally in a position where I can start saving for a home for my child & I, which I am so grateful for because it’s been a really rough few years. + +I won’t say how much I’ve saved, it’s laughably small. But it’s an amount that I can reliably put away each week. + +The pride, excitement and accomplishment that I initially felt was short lived. + +I know it’s irrational on paper, but I can’t help but feel impatient, frustrated and agitated when I look at my own personal Mount Everest and the huge amount of time it will take to finally have my own home. + +I don’t have anyone to talk to about this. And regardless of how I feel, I’m determined to keep saving that set amount each week. + +But the gnawing frustration and impatience is really souring my feelings of pride and diligence. + +I hope this makes sense. Please share any wisdom you have. +As someone who's "new money" there are several skills I'm lacking. + +One is giving gifts. + +I have a personal who's done a great deal for our business. It's their job, but they went over the extra mile. + +I'd like to show my appreciation but I'm lacking on gift ideas that are classy and appreciated. + +Think lawyer/banker/realtor type of a person, they're not used to getting gifts, so something extravagant like a Rolex won't fly and might get them in trouble. + +In the past, I've given a higher end fishing equipment to a similar type of guy, but I knew him better. + +Do you have go to gift moves, or more memorable ones you've given/received? + +Experiences are largely out of the question, and we're in an area where recipients might not drink alcohol. +https://www.cnbc.com/2020/07/16/retail-sales-june-2020.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard + +U.S. retail sales were expected to rise by 5.0% in June, after soaring 17.7% a month earlier. + +This is breaking news. Please check back for updates. +If you wish to trade Bitcoin, and not just HODL, here is how based on historical data. + +# Buy Bitcoin: + +When price is below 2 Year Moving Average + +&#x200B; + +[2y MA Buytimes](https://preview.redd.it/77o6wlya8mc81.png?width=1326&format=png&auto=webp&s=f63540876c57c395eb0154d84f40734dbc3322fe) + +When Puell Year Multiple is below 0.5 + +&#x200B; + +[Puell Buytimes](https://preview.redd.it/2erqqh4i8mc81.png?width=1414&format=png&auto=webp&s=1ef12daa7bbea20633ca427d633fc7a02eb67d95) + +When Fear and Greed Index is below 20 + +&#x200B; + +[F&G Buytimes](https://preview.redd.it/nvrp83mp8mc81.png?width=1446&format=png&auto=webp&s=a7ea9d436e86b1389726b8680f98d994debe921c) + +*Buy times usually line up: Like in January of 2019.* + +# Sell Bitcoin: + +When price is above 2 Year Moving Average x5 + +&#x200B; + +[2y MA Selltimes](https://preview.redd.it/vk3znfw09mc81.png?width=1376&format=png&auto=webp&s=36ffaa46b1d56495f5615e1376eeedbc1eaf3153) + +When Puell Year Multiple is above 4.0 + +&#x200B; + +[Puell Selltimes](https://preview.redd.it/dg5wa3i69mc81.png?width=1364&format=png&auto=webp&s=496466499106e7b491ad9c3ca61513423f835717) + +When Fear and Greed Index is above 75 + +&#x200B; + +[F&G Selltimes](https://preview.redd.it/v42djsqh9mc81.png?width=1460&format=png&auto=webp&s=abcc34370ebff2cd08252f168976bd2825776518) + +*Selltimes line up less, but did so at the end of 2014 and end of 2018.* + +It’s that easy. I mean I'm not going to do it because I’m never selling the greatest most appreciating asset I own, but if you are so included, these are your best bets. +I've seen a few posts here and there about "I have paid all my bills, I have $28 in my checking account, how do I make it last until I get paid in two weeks?" and this post is an attempt to give you at least one option. + +'Biga' is Italian starter dough. In ancient times, Italian artisan bakers didn't have instant yeast like we do today, so they would save a small portion of the dough used each day, and use it as the starter dough the next day. + +You can make biga and keep it on your counter or in your fridge, and it will allow you to continue to make bread forever as long as you continue to 'feed' it, hence the title *endless bread*. + +You primary ingredients for biga are all-purpose flour, instant yeast, and warm water. + +I use Gold Medal all-purpose flour, which costs $1.98 at my local Walmart for a five lb bag. You can find store brands much cheaper than that, even as low as $.99, but I like GM flour. What brand you use is immaterial, use your favorite brand or a cheap store brand near you, they all work. + +Fleischmann's Active Dry Yeast sells for $1.39 for three packets at Target near me, some places sell one packet for $.99 or less, you only need one packet for our recipe here. If you like to bake and want to get three packets, go ahead and spend the $1.39, but we only need one packet for this recipe. + +So, we've spent $1.98 on a 5 lb bag of flour and $1.39 on three packets of active dry yeast, so we've spent $3.37, under our $4 limit. + +Making the biga is simple. + +Open the bag of flour, measure out three cups of flour, and pour into a large mixing bowl. Take the packet of yeast, measure out 1/2 a teaspoon, and sprinkle it over the flour. (I've seen estimates that each packet contains 2.25 teaspoons of yeast, but just measure out 1/2 a teaspoon. This is why we only need one packet of active dry yeast.) If you don't have something to measure half a teaspoon, a tablespoon equals three teaspoons, so 1/6 of a tablespoon is 1/2 a teaspoon. If you end up putting in 1/3 of a tablespoon, or one full teaspoon, don't sweat it. You only need 1/2 a teaspoon to make the biga, but it's not going to be an issue if you use a little more in the recipe. + +Take a wooden spoon (recommended, but any spoon will do, even plastic ones), and stir your flour and dried yeast for 10-20 seconds, just mix them up a little. + +Now pour in 1 3/4 cups of warm water. You do not want hot water, it will kill the yeast. Warm water. Measure temp with your fingers. Think baby bathwater warm. Lukewarm is also fine. + +Stir all of the flour, yeast, and water together for approximately four minutes. You want to incorporate all of the flour and yeast into the water. When all of the water and flour is incorporated, it will make a soupy wet consistency. + +Cover the top of the bowl with plastic wrap, and let rest at room temperature for 8-24 hours. You will see the biga bubble as the yeast feeds on the flour and begin to rise and fall over the 8-24 hours, this is normal. You can use the biga after 8 hours, but the longer you wait, the more character and flavor develops, so waiting 24 hours is best. + +After 24 hours, you have your starter dough. + +If you don't want to refrigerate your biga, you can keep it at room temperature and use it to make bread every day for the next two weeks, just make sure you leave save some of the biga to act as your starter for the next day. If you refrigerate your biga, you can use it to make bread once a week, and keep it for perpetuity as long as you keep 'feeding' it after every use, hence *endless bread*. + +When 'feeding' biga, you replace what you take. So if I take one cup of biga to use as my starter in a recipe, I replace it with half a cup of water and half a cup of flour. You pour the water and flour into the bowl with the remaining biga, give it a good mix to incorporate it, and voila, your feeding is done. You don't **have** to replace at a 1:1 ratio, I just find that it is the one that works best for me. + +I currently have a bowl of biga in my fridge that is still going strong into its third week. I know of a case where a famous pizzaiolo in California and NY had his biga for going over seven months when he was interviewed for an article several years ago. As time goes on, the new flour entered in with the feeding continues to grow and feed on itself, and you essentially replace all of the original biga. You have basically created a living organism that provides you endless food just by feeding it every day or once a week. + +You can use the biga to make you basic Italian bread, make pizza dough, make rolls. I have used it to make Italian bread, pizza dough, sandwich rolls, and bread sticks these past two weeks. + +**Basic Italian bread recipe** + +One cup of biga +3 cups of all purpose flour +1 teaspoon of salt +1-1.25 cups of warm water +1 tablespoon olive oil or cooking oil + +Take your one cup of biga, and put it into a bowl. Pour half of the warm water into the bowl, let slowly massage the biga in the water with your hand, letting is saturate. Pour in three cups of flour, one at a time, mixing it into the water and biga with a spoon or with your hands. Pour in the teaspoon of salt. Mix it until all the flour is incorporated and you begin to get a shaggy dough. If you're doing it with your hands, this will take one to two minutes of mixing. If you're using an electric mixer, this will take about one minute for the dough to form. + +After the dough has formed, shape it into a ball, and leave it in the bowl for 20 minute. Set a timer, and walk away. After the 20 minutes has passed, spend 30 seconds to one minute kneading the dough with your hands into a soft, supple ball. The dough should shape easily into a smooth, satiny ball. + +Top the dough ball with one tablespoon of olive oil or cooking oil, put it in a bowl, cover it with plastic wrap, and let it rise until doubled in size. It may take up to 3 hours, that's fine, let it take as long as it needs, if your kitchen is warm, it may rise faster. + +After it has doubled in sized, remove the plastic wrap, punch it down, and take it out of the bowl. Roll it into a ball again, and cut the ball in half. You easily have enough dough for two loaves of bread. + +Using your hands, shape the dough into two elongated strips, almost like you're shaping sub bread. + +Line a baking tray with parchment paper. If you don't have parchment paper, lightly flour the bottom of the tray so the dough doesn't stick. Put the two dough loaves on the baking tray, and let rise for a second time for one hour. + +At the 45 minute mark, preheat your oven to 450 degrees. + +After the second rise, the dough will flatten a little and spread out. Put the tray in the oven, and bake at 450 for 30 minutes, or until the crust turns a nice golden brown color. If you think it is done before 30 minutes, remove from the oven, and tap the bottom of the loaf. If it is done, it will sound hollow. + +Let cool for 15 minutes, and then slice and eat. It tastes great by itself, but even better with butter or cream cheese. You make this right, you will never need to buy garlic bread or fresh bread from a bakery again. + +[Italian bread](https://i.imgur.com/AZFBcrC.jpg) + +[Crumb shot](https://i.imgur.com/BEe1adW.jpg) + +You can literally make this bread every day for two weeks so everyone has something to eat while you wait for your next paycheck. + +Edit to fix spacing. +I have a bowl containing 100 loose strings. We randomly pick two ends from the bowl and tie them together, continuing until there are no ends left to tie. What are the expected number loops when we finish? + +P.S. let me know in the comments if you'd like me to post more brain teasers / probability questions like this. I have a huge stack of them from old quant trading interviews! + +**\[SOLUTION\] - Spoiler Alert!** + +Congratulations to everyone who got the correct answer:1 + 1/3 + 1/5 + 1/7 + ... + 1/199, which is approx 3.28 loops + +This problem has recursion written all over it - how can we turn a problem about k strings into a problem about (k-1) strings. See the below whiteboard write up with commentary (which is the same approach used by [thebush007](https://www.reddit.com/user/thebush007/)) + +https://preview.redd.it/pl8wobprwuv51.jpg?width=2957&format=pjpg&auto=webp&s=7a726e2cdaf0c5912b33b424030b052c848db413 + +**Commentary:** Let E\_k denote the expected number of loops obtained with k strings. We start by picking one end. The next end we pick will be the same string with probability 1/(2k-1) and another string with probability (2k-2)/(2k-1). In the first case we obtain 1 loop and are left with (k-1) remaining strings that need to be tied. In the second case we obtain no loops and also left with (k-1) remaining strings. +I come from an engineering background and I think it’s interesting that the general population especially the aspiring “entrepreneur” type of folk sort of think getting into real estate is easy and they can just buy a bunch of properties and fix them and flip them etc. lots of these people are people who have never even hammered a nail in their life… + +We live in a modern world that has a lot of other tech and things to get into other than just you know residential fix and flips or renting out bare bones properties. I feel like that’s an ancient business mode + + +So my question is, where did this idea of easy real estate success being easy come from? Maybe I’m wrong but I feel like there is this very non accurate idea of what real estate investing actually is floating around out there. But maybe I’m wrong and it is actually easy compared to other business or investments? + +The reason I am slightly annoyed is because I recently looked into buying a house with a family member in order to fix it, and the realtor was really annoying me and you know trying to encourage me even though they realized I have no experience…so it made me realize you know there are probably a ton of people out there with zero experience who get taken advantage of, and it all stems from this idea that has been pushed upon that it’s easy or guaranteed results . Needless to say I backed out and decided I will stay on the backend and work with people who need engineering or design work rather than being the guy who is actually buying and fixing the property. Engineering and design is my passion so I will stick to that specifically. + +Thanks in advance +Recently there has been a significant increase in the retail participation in the stock market, be it through direct stocks or equity mutual funds. What would this mean for the participants in terms of return potential and risk? + +&#x200B; + +Reason for this question: Let's say everyone puts their money in Nifty 50 fund, this would make the underlying 50 companies overvalued (after a certain point of time) since people are just buying the stock, indirectly pushing the prices up. Now, how should we as retail investors look at this information. + +Would this mean that investing in the nifty 50 companies would entail lower return and also higher risk since markets would essentially come back to its intrinsic value once the bubble bursts. For instance, there would be few companies in the index which are/were already overvalued, but index investing would just increase the size of the bubble further. + +The counter argument could be that many of the pension funds and insurance funds also might be doing index investing since its lower risk on paper being the biggest 50 companies in India, so the risk would be minimised in that way. + +&#x200B; + +In general, is the retail participation a good thing for retail investors specifically in the Indian markets? I would like read what the sub opinions are on this topic. +I recently went to my bank (large national bank chain) to retrieve some contents from my safe deposit box and when the bank employee opened the safe deposit vault there was no box inside! + +I had several paper I-bonds in there that are now gone. Plus some gold. The bank said they’re opening an investigation into what happened but that it could take months. + +I’m completely at a loss as to how this could possibly happen. I thought safe deposit boxes were very secure since it requires two keys and the bank doesn’t keep a copy of my key and everything is tracked and video monitored. It’s astounding that not only are the contents gone but the entire actual metal box inside the safe deposit vault was gone too! It had to have been an inside job, I can’t fathom how else this could’ve happened. When I last opened the box in February everything was there. Have there been cases of this happening before? What are my options? + +For the lost I-bonds, I thankfully have photocopies of all the bonds and I think I can report the lost bonds to the Treasury department to retrieve them as electronic versions right? I’m worried that whoever stole it might try to impersonate me and cash the bonds before I can do that. + +Edit: Wow this really blew up. I really appreciate all the advice. I'm going to file a police report and CFPB complaint. I'm hoping the bank investigation will reveal at least some clues, through the video or vault logs. I'll post any updates if I find out anything more. Thanks again! +I know I know everyone is going to say why crypto, it's got no intrinsic value, it's a ponzi scheme, it's a scam. + +Listen, I get it. It can be every one of those things. Or it can be not. I don't know, and so does everybody else. + +But I am young, 27 years old, and I **have to be aggressive**. + +I am **willing to loose 90%** of my crypto. It will suck, but it's the risk that I am willing to take. + +I wanna get into individual stocks because my country offers a special equity savings account, that has its tax benefits. However I can only buy individual stocks in it. I can buy and sell as much as I like, but I only pay tax when the money leaves that account. + +For this I'll mostly be buying tech companies. Fb, Microsoft, nvidia etc. + +My investment time horizon is **long term. I'm investing to retire early**. + +I'm also in the tech industry, so will have job security hopefully. + +I can also share exact numbers if that will be useful. + +Please critique this portfolio, and let me know your thoughts. +I know I know everyone is going to say why crypto, it's got no intrinsic value, it's a ponzi scheme, it's a scam. + +Listen, I get it. It can be every one of those things. Or it can be not. I don't know, and so does everybody else. + +But I am young, 27 years old, and I **have to be aggressive**. + +I am **willing to loose 90%** of my crypto. It will suck, but it's the risk that I am willing to take. + +I wanna get into individual stocks because my country offers a special equity savings account, that has its tax benefits. However I can only buy individual stocks in it. I can buy and sell as much as I like, but I only pay tax when the money leaves that account. + +For this I'll mostly be buying tech companies. Fb, Microsoft, nvidia etc. + +My investment time horizon is **long term. I'm investing to retire early**. + +I'm also in the tech industry, so will have job security hopefully. + +I can also share exact numbers if that will be useful. + +Please critique this portfolio, and let me know your thoughts. +Hey everyone, + +I wanted to share my accomplishment I hit today! When I first started, I played super risky, but it paid off. 50% of my portfolios were allocated for options. so what I've been doing lately is trading options, taking the profits and buying and going long on stocks. + +If there's one person I have to thank, it's the guy on here that showed me the importance of following experienced investors and understanding that losses are a big part of the market. he taught me lots of strategies and investment ideas that I use to this day. if he's reading this, thank you for your help! + +To everyone else out there, it's never too early to start investing. get your lazy butt up and get to work. + +**EDIT: I WILL NOT SHARE THE NAME OF THE INVESTOR I FOLLOW BECAUSE HE HAS ASKED TO NOT BE MENTIONED** +Hey Guys whats up, this is my first analysis. I would like to get some feedback on it so give me your thoughts. + +# Core Business + +Google’s operations are divided in three categories: Google Services, Google Cloud and so called “Other Bets” consisting of several ventures including A.I., robotics, autonomous driving and pharmacy. As Google Services and Google Cloud generate >99% of Google’s revenue I won’t go into much detail on the “Other Bets” Category. + +## Relevant Acquisitions + +Through it’s acquisition activity google amassed around 250 acquisitions, expanding their research capabilities in fields like A.I., quantum computing and robotics. Below the most important ones are summarized. + +**Youtube** + +The most famous one of all Google acquisitions. Purchased in 2006 for 1.65 billion dollars Youtube has risen to world wide success and an unchallenged standing almost as relevant as it’s parent company. With revenues as high as 28,8 billion dollars (2021), it generates over 10% of Google’s revenue. It has proven to further expand their earnings-power besides ads with it’s Youtube Premium and Music subscription, which according to Alphabet was the major contributer to an increase of $6.3 billion in Google’s “Other Revenues” (1). + +**DoubleClick** + +DoubleClick was an ad service provider, who worked with advertising agencies and served major brands like Coca-Cola, GM and Microsoft. After it’s acquisition in 2008 for $3.1 billion lots of customer relations and technology was integrated into Googles ad business. In 2018 Google announced it’s plan to rebrand all ad platforms and merged DoubleClick with Googles own ad platform into the new Google Marketing Platform (2). + +**Motorola Mobility** + +When Google acquired Motorola in 2011, the company was struggling to gain a foothold in the smartphone business and reported the fifth straight quarter of losses. The company cost $12.5 billion dollar, Google’s largest acquisition, and was motivated as a strategic move to increase Google’s patent ownership and defend the Android operating system. After closing the deal Google sold parts of the business to Arris Group for $2.35 billion and led the smartphone division to success through a focus on high-quality entry-level smartphones. In 2014 Google sold Motorola for $2.91 billion, while keeping a major part of the patents. (3) + +**Mandiant** + +Google announced that Mandiant would be acquired in March 2022, to get integrated into the Google Cloud division. + +**Fitbit** + +Fitbit, a producer of wearable technology was acquired by Google in January 2021 and integrated into it’s hardware division. + +**Nest Labs** + +To expand it’s home automation business Google acquired Nest labs in 2014 for §3.2 billion and merged it with the Google Home brand in 2018 to create Google Nest. + +## Industry Enviroment / Competition + +**Advertising** + +Through it’s search engine and Youtube, Google generates significant revenue with advertisment campaigns for it’s customers. It is unchallenged with a market share of 92% for it’s search engine and Google Chrome leading the browser market with 65% (4). Competition in it’s most relevant business is almost irrelevant for it’s earnings power and market position as most major players (Microsoft with Bing, Yahoo) have failed to attack it. + +**Google Cloud** + +In the highly competitive cloud computing industry Google competes with giants like Microsoft, Alibaba and Amazon. It isn’t in a leading position, but increased it’s market share from 5% (2017) to 10% (2021) with only AWS and Microsoft Azure above. (5) (6) + +## Income Statement + +## Revenue Growth + +Google’s revenue has increased by an average of 21% annually in the last 10 years. With Growth accelerating in the past 5 years (23,3%), the question should be if similar growth can be expected in the future. + +Google’s main business of advertising stands as strong as we have discussed above and with more digitilization and e-commerce growth not slowing down the market for it’s search engine and it’s ads will continue to grow. Growth projections in that business reach from 11% to 15%. (8) (9) + +As Google Cloud has gained more market share in the last years and has grown it’s revenue by more than 40% on average, it’s safe to say that it will grow at least as much as the overall cloud computing industry if not more. In a recent market research report a Compound Annual Growth Rate (CAGR) of over 16% was forecasted until 2026. We will take that at face value for our worst case scenario and will add to it as in a best case scenario, Google will gain more market share. (10) + +## Cost Development + +**Costs as a Percentage of Revenue (Table 1)** + +||2016|2017|2018|2019|2020|2021| +|:-|:-|:-|:-|:-|:-|:-| +|Cost of revenues|38,92%|41,12%|43,52%|44,42%|46,42%|43,06%| +|R&D|15,45%|15,00%|15,65%|16,07%|15,11%|12,25%| +|Sales and Marketing|11,61%|11,63%|11,94%|11,41%|9,83%|8,89%| +|General & Admin|7,74%|6,20%|5,94%|5,90%|6,05%|5,24%| +|European fines|0,00%|2,47%|3,71%|1,05%|0,00%|0,00%| + +**Cost Development as a Percentage of Revenue (Table 2)** + +||2016|2017|2018|2019|2020|2021| +|:-|:-|:-|:-|:-|:-|:-| +|Cost of revenues||5,64%|5,85%|2,06%|4,51%|\-7,24%| +|R&D||\-2,94%|4,39%|2,68%|\-6,02%|\-18,90%| +|Sales and Marketing||0,13%|2,64%|\-4,44%|\-13,81%|\-9,55%| +|General & Admin||\-19,88%|\-4,19%|\-0,65%|2,61%|\-13,40%| +|European fines|||50,17%|\-71,71%|\-100,00%|| + +**Cost Development in general (Table 3)** + +||2016|2017|2018|2019|2020|2021| +|:-|:-|:-|:-|:-|:-|:-| +|Cost of revenues||5,64%|5,85%|2,06%|4,51%|\-7,24%| +|R&D||\-2,94%|4,39%|2,68%|\-6,02%|\-18,90%| +|Sales and Marketing||0,13%|2,64%|\-4,44%|\-13,81%|\-9,55%| +|General & Admin||\-19,88%|\-4,19%|\-0,65%|2,61%|\-13,40%| +|European fines|||50,17%|\-71,71%|\-100,00%|| + +In recent history Google was able to decrease different parts of it’s costs effectively, thus increasing profitablility. Cost of revenue is made up of \*\*\*\*traffic acquisition costs (TAC) and other revenue costs. **TAC** consists of payments made to traffic distributors, giving Google the platform and audience to advertise for it’s clients. + +Other revenue costs consist of licensing fees for **acquired content** sold on YouTube and Google Play, expenses in it’s **data centers** and costs related to Google’s **hardware business**. + +**Composition of cost of revenue (COR) (Table 4)** + +|Cost in ($ Mio)/Year|2020|2021| +|:-|:-|:-| +|TAC|32,778|45,566| +|Other COR|51,954|65,373| +|Total COR|84,732|110,939| + +With past cost development it’s important to use the studied data to make forecasts into the future regarding revenue, cost and profit development to feed our DCF model. We will look for patterns in which relation costs follow growing revenue. With the following table I will try to point that out. + +||2013-2014|2014-2015|2015-2016|2016-2017|2017-2018|2018-2019|2019-2020|2020-2021|Average| +|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-| +|Revenue Growth|18,88%|13,62%|20,38%|22,80%|23,42%|18,30%|12,77%|41,15%|21,42%| +|COR|16,81%|9,63%|24,76%|29,73%|30,64%|20,73%|17,85%|30,93%|22,64%| +|R&D|37,76%|24,92%|13,56%|19,19%|28,84%|21,47%|5,98%|14,47%|20,77%| +|Sales and Market|24,06%|11,27%|15,89%|22,97%|26,68%|13,05%|\-2,81%|27,67%|17,35%| +|General&Admin|32,02%|4,87%|13,84%|\-1,62%|18,25%|17,54%|15,72%|22,24%|15,36%| + +The cost of revenue has trailed revenue quite close and I expect it to continue to be around 40-43% of all revenue. R&D expenses have risen with revenue but have slown down in recent years. It’s not attached to revenue growth directly, but we will assume a small average growth of 10% for the upcoming years as the R&D expenses are already high enough to guarantee Google to be a potential player in all upcoming high-tech industries. Further reductions in the SGA expenses relative to revenue is possible with revenue outpacing those costs, as it has been seen in the past. Still we will assume it too be just stable to have a more conservative approach. + +## Balance Sheet + +## Debt Level + +Google’s long term debt is almost non-existing with $15 billion. It’s earnings were >$70 billion in 2021 so it’s debt could have been paid off with just 20% of that. The company also hold’s $21 billion in cash, which makes debt for the valuation almost irrelevant. + +## Capital Intensity + +As Google’s business needs large amounts of land, offices and server infrastructure. Aside from large marketable securities positions, most capital is tied up in purchased land, offices and information technology assets like server farms. The company is determined to expand it’s position in that area, which will result in rising capital expenditures for both new offices and new IT assets. (1) + +## Liquidation Value / Tangible Book Value + +To calculate the Tangible Book Value I will use the most recent book value and exclude all assets I think are intangible. TBV calculation in $billion: + +|Book Value|254,004| +|:-|:-| +|\-Goodwill|\-23,010| +|\-Property and Equipment|\-104,218| +|\-Other non-current assets|\-5,778| +|TBV|120,998| + +Note: I didn’t exclude smaller positions as it would make the formular unnecessarilly large with no real effect. It’s also quite reasonable as normally the Property and Equipment of Google of cause could be sold for at least a fraction of the audited value. + +Google has a TBV per share of: $120998 million / 673.22 million shares = $179,73 per share + +## Cashflow Statement + +IT assets generally have a high turnover frequence which results in short depreciating periods (4-5 years). The replacement makes up a large portion of the $24.6 billion of capital expenditures, which are needed for the business operation. + +Still Google has great liquidity through it’s short-term marketable securities and it’s large cash reserves. + +With almost over $60 billion dollar of free cashflow, Google used most of it ($50 billion) to make stock repurchases. Still the company has only really started to do repurchases in the last 4-5 years and because of it’s high valuation the amount of shares outstanding has only decreased by 5% in 3 years, which is quite a disappointment (11). $15 billion were paid in stock compensation and to account for that we won’t add it back into the DCF-valuation even though it’s a non-cash expense. + +## Other + +## Insider Trading / Ownership + +Insider Trading has no significance for Google as high management only sold insignificant portions of their ownership. (12) + +The founders Larry Page and Sergey Brin still have small stakes in the company of around 3% each, even though they slowly continue to sell them off. There is also no insider with a significant stake in the company. (12) + +## Risks + +* Lower advertising spending by customers +* Google’s value for it’s customers could decline +* Competition disrupting the occupied markets + +## DCF Model + +Summary of the Assumptions made: + +* The revenue of Google Services will increase with the projected growth of the overall market of 11%-15%, which is conservative as parts like Youtube are growing at much higher rates +* Google Cloud’s revenue has increased at an annual growth rate of over 40%. In a worst case scenario it will grow at a CAGR of 16% in line with it’s industry projection, but there is a real possibility of it to accelerate at the current rate until it has gained enough size. Our worst, base and best case projection will still stay conservative at 16%-24$ +* As COR is staying volatile around 45% of revenue we will assume it to stay at that level +* R&D will rise around 10% every year unrelated to revenues +* SGA (sales, general, administration) expenses will stay at the current level of 14% relative to revenues and won’t decrease any further +* capital expenses have remained quite stable at around $24 billion dollars. We will still assume an increase of 10% per year as in the most recent 10-Q report the capex has risen by over 40%. +* Depreciation rises at CapEx rate +* 2021 is not an outlier +* Share repurchases will range between 2-5% per year, as those are highly dependent on the share price + +We will use a projection of the next 15 years to determine Google’s fair value in 3 scenarios at a **discount rate of 8%** + +||Worst Case|Base Case|Best Case| +|:-|:-|:-|:-| +|Google Ads CAGR|11%|13%|15%| +|Google Cloud CAGR|16%|20%|24%| +|COR|45% of total rev|“”|“”| +|R&D CAGR|10%|“”|“”| +|SGA|14% of total rev|“”|"”| +|CapEx and Depreciation|10%|“”|"”| +|Share repurchases|2%|3,5%|5%| +|Fair Value|$1690|$2518|$3805| + +I would consider te base case to be highly plausible as past growth has indicated much higher growth rates. Of course it’s up to you to choose your margin of safety, but I will consider to pick up some shares if Google falls below $2000. + +## Sources + +(1) [https://www.sec.gov/Archives/edgar/data/1652044/000165204422000019/goog-20211231.htm](https://www.sec.gov/Archives/edgar/data/1652044/000165204422000019/goog-20211231.htm) + +(2) [https://en.wikipedia.org/wiki/DoubleClick](https://en.wikipedia.org/wiki/DoubleClick) + +(3) [https://en.wikipedia.org/wiki/Motorola\_Mobility](https://en.wikipedia.org/wiki/Motorola_Mobility) + +(4) [https://gs.statcounter.com/browser-market-share#monthly-201407-202204](https://gs.statcounter.com/browser-market-share#monthly-201407-202204) + +(5) [https://techcrunch.com/2022/02/04/cloud-infrastructure-market-soared-to-178b-in-2021-growing-49b-in-one-year/](https://techcrunch.com/2022/02/04/cloud-infrastructure-market-soared-to-178b-in-2021-growing-49b-in-one-year/) + +(6) [https://www.statista.com/chart/18819/worldwide-market-share-of-leading-cloud-infrastructure-service-providers/](https://www.statista.com/chart/18819/worldwide-market-share-of-leading-cloud-infrastructure-service-providers/) + +(7) [https://www.sec.gov/Archives/edgar/data/0001652044/000165204418000007/goog10-kq42017.htm](https://www.sec.gov/Archives/edgar/data/0001652044/000165204418000007/goog10-kq42017.htm) + +(8) [https://www.grandviewresearch.com/industry-analysis/e-commerce-market](https://www.grandviewresearch.com/industry-analysis/e-commerce-market) + +(9) [https://www.statista.com/outlook/dmo/ecommerce/worldwide](https://www.statista.com/outlook/dmo/ecommerce/worldwide) + +(10) [https://www.marketsandmarkets.com/Market-Reports/cloud-computing-market-234.html](https://www.marketsandmarkets.com/Market-Reports/cloud-computing-market-234.html) + +(11) [https://www.macrotrends.net/stocks/charts/GOOG/alphabet/shares-outstanding](https://www.macrotrends.net/stocks/charts/GOOG/alphabet/shares-outstanding) + +(12) [http://openinsider.com/screener?s=GOOG&o=&pl=&ph=&ll=&lh=&fd=1461&fdr=&td=0&tdr=&fdlyl=&fdlyh=&daysago=&xp=1&xs=1&vl=10000&vh=&ocl=&och=&sic1=-1&sicl=100&sich=9999&grp=0&nfl=&nfh=&nil=&nih=&nol=&noh=&v2l=&v2h=&oc2l=&oc2h=&sortcol=0&cnt=1000&page=1](http://openinsider.com/screener?s=GOOG&o=&pl=&ph=&ll=&lh=&fd=1461&fdr=&td=0&tdr=&fdlyl=&fdlyh=&daysago=&xp=1&xs=1&vl=10000&vh=&ocl=&och=&sic1=-1&sicl=100&sich=9999&grp=0&nfl=&nfh=&nil=&nih=&nol=&noh=&v2l=&v2h=&oc2l=&oc2h=&sortcol=0&cnt=1000&page=1) +Hey all, I did some digging into Point72 today. I've been meaning to take a peek, since whenever Point72 is remotely discussed, strange things start happening (major forum sliding on Superstonk. Remember the lego thing?) + +That said, I found this gem in the SEC archive. It's a Form D filing (a sale of stock without the hassle of an IPO), dated January 29th, 2021 (great timing Steve). + +[ Jan. 29, 2021 Form D Filing, Point72 Capital ](https://preview.redd.it/6rrfeu6m18g71.png?width=1339&format=png&auto=webp&s=043d37f345d06bfcaab85e2094faf4cb8735204b) + + Now that begs the question - who's the one buying stock? And for how much? Look no further. + +&#x200B; + +[ We have a buyer - hello Shorebridge ](https://preview.redd.it/9qcl5s5p18g71.png?width=1329&format=png&auto=webp&s=e60cc10037f35e6a42424b76ef0a98f4fdbb7bd9) + + How much you ask? + +&#x200B; + +[ 5.3 billion in this one filing alone ](https://preview.redd.it/dt4j3n5s18g71.png?width=1355&format=png&auto=webp&s=9e90e167f2f380da497db839888d48b55b2c98d1) + + Okay, so we have a buyer, and we have an amount. Now, I've searched all 3 of the major subs for Shorebridge, and I haven't seen it mentioned. I took this opportunity to dig a little bit. Oh look - + +&#x200B; + +[ The Homeland of White Collar Crime ® ](https://preview.redd.it/rd9bko6u18g71.png?width=1185&format=png&auto=webp&s=d28a20bf053abafa722d49882e13b57ba58d3364) + +So.... what does this mean? I'm not entirely sure. Kinda hoping you guys can provide insight as you always do. Biggest takeaways for me - the \*timing\* (January 29th), the \*amount\* (5.3 billion ain't no chump change), and the \*location\* (Cayman Islands?? Could you be any less discrete). My novice opinion is that this may be a shell company, but I encourage people to poke holes in this. + +TL;DR- Point72 sold 5.3 billion worth of stock to Shorebridge Capital Advisors, LLC on January 29th, who are incorporated in the Cayman Islands. + +Edit- credit to u/throwawaylurker012 for this excellent info- "Hey OP stellar goddamn find! Thought this info might be useful as well for your post whether on here or super stonk! + +1. Saw someone else found the Douglas Blagdon name affiliated with the account. WaPo published Bloomberg's piece by Hema Parmar, Saijel Kishan, etc. on "Fallen Hedge Fund’s Head Among Investors Getting PPP Relief". They wrote in the article last July 2020:**"ShoreBridge Capital Partners, a firm that helped billionaire Steven Cohen raise money from hedge fund investors after a regulatory ban on him managing other people’s assets was lifted, got approval for a $150,000 to $350,000 loan on April 13. ShoreBridge founder Douglas Blagdon didn’t return messages seeking comment."** (Blagdon and Cohen are utter assholes for this btw, taking PPP loans during a pandemic.)*Source:* [https://www.washingtonpost.com/business/on-small-business/fallen-hedge-funds-head-among-investors-getting-ppp-relief/2020/07/06/c0f26cd6-bfee-11ea-8908-68a2b9eae9e0\_story.html](https://www.washingtonpost.com/business/on-small-business/fallen-hedge-funds-head-among-investors-getting-ppp-relief/2020/07/06/c0f26cd6-bfee-11ea-8908-68a2b9eae9e0_story.html) +2. You're right, they have those Cayman Island filings not just through the islands in general **but Ugland House, which was posted about not just by Atobitt** but also in a semi-recent TIL ([https://www.reddit.com/r/todayilearned/comments/k8ks9i/til\_of\_the\_ugland\_house\_a\_registered\_office\_in/](https://www.reddit.com/r/todayilearned/comments/k8ks9i/til_of_the_ugland_house_a_registered_office_in/)). It's marked on those SEC filings as "pooled/other investment fund" but declines to disclose issuer size (revenue range, aggregate net value). +*Sources:* [https://sec.report/CIK/0001729976](https://sec.report/CIK/0001729976) +3. **Seems incorporated in 2018**, with 1st share sale Jan. 28, 2018 (am I reading that right?) +4. By Feb. 2018 had 8 investors during a share offering of about 111 milly invested.By Feb. 2019 had 72 investors, in an amended filing saying now 568 milly.By Feb. 2020 had 98 investors, in an amended filing saying now 679 milly.**By Feb. 2021 had 108 investors, in an amended filing saying now 819 milly.**Guessing they file this amended filing every Feb, guess we'll see what happens by next Feb." (comment from DDintoGME) + +Edit2- OMG GUYS ITS WAY BIGGER THAN I THOUGHT THERES EVEN MORE MONEY +https://www.sec.gov/Archives/edgar/data/0001465991/000089914021000108/xslFormDX01/primary_doc.xml +Posting soon + +Final edit- More dirt on Point72 and ShoreBridge. + +https://www.reddit.com/r/Superstonk/comments/p0sysd/point72shorebridge_update_another_65_billion_on/?utm_medium=android_app&utm_source=share + +https://www.reddit.com/r/Superstonk/comments/p0uh7w/deeper_into_shorebridge_and_point72_we_go_part_3/?utm_medium=android_app&utm_source=share + +JK FINAL EDIT 2 - Thanks u/GreedyJester for pointing out the cyclical nature of these deposits. Quote-"Looking at this Form D, [Shorebridge appears to be the broker](https://www.bloomberg.com/profile/company/1390781D:US) in this case (Item 12) and received $2,233,142 in commissions for sales (Item 14). + +Form D is an annual filing, for as long as the offering exists they must file an amended Form D (D/A) every year. [This offering started in 2018 and has been filed every year at the end of January](https://www.sec.gov/edgar/browse/?CIK=1461642) (Also shown in Item 7)." + +This pokes a clear hole in the timing part of my theory - I'm grateful. The amount and location part still smells funny, so I'm going to look in that direction. + +Thanks for the fantastic insight I was hoping for! +We’ve always been cities people, lived in different major cities all of our lives, we live the diversity in food, culture and people. + +Lately, and partially due to having kids and getting older, we’re considering permanently moving to the countryside to get a bigger house, lots of land and a more peaceful living. I’d imagine we’ll be able to get a really nice place with almost everything we need - gym, gourmet kitchen, we can even get large garden going... + +We are also considering homeschooling our kids. + +Country home would still be within 3 hour drive of a major city in case we need stuff. + +Want to hear from fatFIRE city people who’ve made that move - are we just delusional in conjuring up images of a bucolic lifestyle full of gardening and animals? Or is this really a lot of work, make inconvenience, and boring all around? +I love Ethereum, but something I've always been worried about (which is why I don't hold much of it) is that almost every ICO of the past few years has been done with Ether. + +It's always the cryptocurrency of choice to utilise Ethereum smartcontracts for ERC20 token ICOs, and even for independent blockchain ICOs pre-swap. + +This means that thousands upon thousands of dev teams are holding Ether as their main source of funding, and by my calculation, a lot of the team lock-up periods from 2016 and 2017 will be ending right about now. + +It often hasn't been possible for crypto project teams to convert the Ether into something else for safekeeping either, as when it's moved to an exchange, everyone panics and thinks the team is dumping. + +I know there's been a bit of FUD lately for other reasons, but with interest in ICOs waning during the bear market (which has historically been one of the main reasons to buy Ether) wasn't it just a matter of time before many of these projects tried to cash out from Ether to fund their work and therefore create massive selling pressure? + +This issue also compounds the downward movements, as with all these projects holding Ether, they'll all be trying to get out to save the funds they have. + +If this is the case, then Ethereum will ultimately end up being a victim of its own success in the ICO space. +Original: + https://www.reddit.com/r/stocks/comments/oitmxh/my_parents_gave_me_my_grandfather_and_great + + +I contacted my bank and they were looking into both stocks for me. This was the response I received: + +------ + +I am following up on the status of your stock certificates. Below, you will see the response from our research and custody team: + +Strategic Materials Corp. went bankrupt in 1969. Their stock is worthless. + +Overbook Improvement Company still exists, however their stock is privately held. LPL doesn't accept private stock on non-retirement accounts. The client would be best advised to contact the company directly. We could not find contact points, but their business records are available with the State of Pennsylvania should the client like to chase further. + +While Strategic’ s value may be in framing the certificate as a keepsake, Overbrook may have some value. I hope this gives some insight to the next step regarding this. + +------ + +Welp, time to look into Overbrook and see if it does have value! + +Update: weirdly I found an address but...it doesn't seem to exist though is in my zip code! +https://www.cnbc.com/2020/05/12/surge-in-layoffs-is-unlikely-to-help-profits-no-matter-what-the-market-thinks.html + +Companies have cut some 30 million workers, but that may not be enough to help profit margins. + +The obstacles include lower profits, falling demand and uncertainty around the coronavirus. + +Stocks have rallied about 30% off their March lows even amid terrible economic data and gloomy earnings prospects. + +For the first quarter, earnings are on track to fall 13.6%, according to FactSet. Forecasts for the rest of the year see a 40.6% drop in Q2, a 23% decline in Q3 and 11.4% in Q4 +> A new Spectrem Group report on millennials focuses on income levels rather than net worth in an effort to discover how this generation of high earners is using its significant income to create a portfolio of investment and savings vehicles. + +>Spectrem noted that the oldest millennials are approaching 40, and the way in which they invest their money has implications for the future of the advisory industry. + +>“As America’s largest generation, millennials have fully arrived as investors,’’ Spectrem’s president George Walper Jr. said in a statement. “They matter now to all financial advisors and providers who are paying attention to generational changes among investors.” + +>The research was restricted to millennials with minimum annual incomes of $100,000 for singles and $150,000 for couples. It was conducted between May and August, and involved 443 participants. +Two-thirds of high-income millennials in the study had education-related debt, but only about half reported a personal financial effect from their student loans. + +>This is in contrast to the situation millions of Americans burdened with student loan debt find themselves in. + +>The Spectrem research found that high-income millennials placed a higher priority on saving for retirement than paying off student loans. + +>At the same time, more than half agreed or strongly agreed that their education-related debt prevented them from contributing as much as they would like to their 401(k) or other employer-sponsored retirement program. + +>The study shed light on how high-income millennials are saving or spending their money, and how they are allocating their investable assets. + +>Among the findings, 53% of millennials defined success as the ability to afford leisure activities, while 45% said it was raising a family. + +>About half purported to be more concerned about their aging parents’ health than about their own, which could influence their investing decisions, Spectrem noted. + +>Three in four millennials in the study said they planned to retire between the ages of 50 and 70. Spectrem said this indicated that few put themselves in the “I will never be able to retire” or “I don’t plan to ever retire” categories. + +>Slightly less than half of high-income millennials reported that they had a financial advisor, and a comparatively higher percentage of younger ones said they had found their advisor through advertisements rather than from referrals. + +Edit: article https://www.thinkadvisor.com/2019/09/27/high-income-millennials-put-retirement-savings-ahead-of-student-loans-survey/?amp=1 +My father recently retired with a Vanguard 401k. + +He’s not very financially savvy and called Vanguard to move his 401k into an Edward Jones account. + +The folks at Vanguard misunderstood what he was trying to do and cut him a check for his entire 401k and gave it to his previous employer to forward to him. + +The folks at Edward Jones are telling him that he will owe $20k plus in taxes. + +Is there anyway to reverse the transaction or minimize taxes if he ends up having to take the check? + +Thank you. +For starters let me provide some context so I can attempt to explain where i’m coming from. + +I’m 29, im recently in a new job earning 130K (very stoked and proud of getting here) I’ve got 64k in the stock market (24 in roth, 40 in stocks), 60k in crypto’s and 70k in the bank. + +I work hard. I freelance on top of my full time stuff, I freelance on top of freelance, i’m often rebalancing my portfolio and looking for any and all ways I can make some extra dough, like selling things on facebook market or doing quick design gigs for friends. + +I enjoy work, I enjoy setting goals and meeting them - and learning through the process of sending cold emails and outreach and working with teams and being responsible and challenging myself - it’s all part of what makes you better overall. But I also feel myself further from being able to ever really relax. I so badly want to be a millionaire in my early thirties and I know I can, and I know I’ll have to put in the work for it - but at the same time it’s like i’ve forgotten how to take a break sometimes. + +The older over gotten i’ve also realized the importance in really putting time in strategy before executing, and I need to transition away from the go go go work work work mentality but it’s difficult. + +I have two friends who are younger and older than me who both made a million off the crypto come up, and id be there too if I simply +held the investment (although at that point in time a few years ago, I had essentially no savings and was not doing so hot financially and had to liquidate what I had for rent) and I sometimes find myself sulking in that fact. It’s unfair to play the woulda shoulda game, but knowing how hard i’ve worked for what I do have now - it’s aggravating thinking I could +have had even more than my current net worth by literally just letting time pass. + +This post is really just me aiming to start a dialogue with people who might have had similar struggles of really just consuming themselves in work - for better or worse, and their findings and how to keep your mental health in check while you’re on the financial journey. + +Thanks and any input is appreciated +**Currently pumping at 6M MC** + +The $FCF team has won the Crypto Innovation of the year at the dubai crypto expo! FCF PAY is changing the way the world spend and earn cryptocurrency. + +The team is in negotiation and signed NDA with dozens of Payment service providers and top tier exchange to partner with FCFPAY to allow merchants into easily accepting any crypto as currency! + +The Team is doxxed, always delivers on their promises! This token is 1 year old and keeps on growing! + +**Discover our Revenue Sharing Token Ecosystem! (RST)** A real world product(FCFpay) that keeps fueling our investor token $FCF! + +33% of all the fees collected by FCFPAY are used for buy backs and burns! Another 33% Goes directly to the holders in BNB! + +$FCFpay integrates with the 3 biggest e-commerce platforms – WooCommerce & Magento & Prestashop. But FCFpay doesn’t stop there… The flexible API allows it to be integrated into practically any existing payment system, even in physical retail stores! In fact, a large proportion of the first merchants to use it will be physical stores. + +**Imagine paying directly with crypto!** You can nowshop online or in person, and spend your crypto gains without having to send them to the bank or use a “crypto credit card” that is actually just swapping your crypto for fiat. Crypto is about to fulfill its true purpose as the CASH of the internet! + +Fcfpay allow you to buy flowers with BNB and order food with Cardano (or any other crypto)... just about any combination you can imagine, and all without requiring you to use a traditional offramp, such as a centralized exchange. + +This will allow FCF to unite the $4 trillion-dollar online shopping industry with the cryptocurrency world. This unification positions FCF to lead the way towards mass adoption and secures the future of FCF as an essential crypto technology! + +That’s why their motto is “EMPOWERING CRYPTO”! + +**$FCF is listed on Pancakeswap, LBANK and hotbit. The next goal is a tier A Exchange!** + +The payment gateway is used daily by several PSPS and is growing every week! + +$FCF rewards holders with BNB dividends based on trading volume (5% of each transaction goes to the dividend pool and is distributed proportionally) AND from a portion of transaction fees once + +FCFpay is launched. Yes, you will earn dividends on every payment gateway transaction! This safeguards your investment from bear markets by establishing a second source of dividend revenue! Imagine receiving a portion of the $4 trillion-dollar e-commerce industry simply by holding FCF! + +FCF POKER ROOM and Licensed casino is live and you can play with your crypto now! + +**Buy and hold for 30Days and get a full tax refund!** +**The Dev is always active and always OVERDELIVERS.** + +**Dev is Doxxed, KYCd and a Certik audited!** + +[https://linktr.ee/fcf\_bsc](https://linktr.ee/fcf_bsc) + +[www.frenchconnection.finance](https://www.frenchconnection.finance) +I've just bought a house and I'm currently purchasing furniture for it. + +I'm buying the bedding from John Lewis. They say that one of the things you should never "cheap out" on is a mattress. I'm willing to spend around £1200. + +Are pocket sprung generally regarded as being better than memory foam? + +I don't suffer from any back issues. I just want something super comfortable, doesn't everyone! +Welcome to the Daily Discussion [Moontalk] 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 meant to be more free and relaxed than the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes inside this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. +- Important news worthy content is not permitted here and should be submitted as a separate post. + +*** + +* 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. + +*** + +Thank you in advance for your participation. Enjoy! + +Feels like everyone has the same goal in life: Owning a house. + +With the current market, everyone is losing sight on that specific goal or feel super bummed and depressed because of the ever increasing prices. + +Also, I've read a reply here recently about the return of investment of someone who bought a house for 300k 30 years ago and sold it for 900k today. I don't have the specific numbers, but it was something like 2-3% / year, which can easily be beat by investing in the stock market. I found that very eye opening and it inspired me to make this thread. + +I'd like to hear about the people who **chose** to rent and invest their money in the stock market instead of buying a house. + +Hopefully the answers will be eye opening to the other possibilities or strategies that life has to offer other than just « owning a house » and complaining about the market prices. +First off, before you think I'm crazy, we are paying extremely cheap rent. My mom owns several investment properties and graciously allowed my husband and I to rent one for half of market value while I finished graduate school, and my husband is building his career. We realize we are extremely lucky and we are very grateful to her. + +I live in Southern California where property is extremely expensive. The only way we would be able to afford property of our own is if we moved to the outskirts and we both resigned ourselves to a long commute. (over an hour one way in heavy traffic) We have decent nest egg to put down for a down payment on a cheaper property. Would it be a completely stupid idea to buy a property on the outskirts of our city to rent it out, while still renting ourselves? +Gamestop wasn't responsible for this, and neither were brokers or countries. ONLY THE DTCC were the ones that screwed this up, so yes, every [insert country/broker] did too if you ignore every single post explaining who was resposible. You're flooding the sub with redunant posts and not acknowledging or knowingly ignoring all of the posts that spells this out. + +Edit1: Your posts won't be used in court if anything ever ends up there. They'll be using communications between the DTCC and the brokers. + +Edit2: Please gain a wrinkle by checking out this post https://www.reddit.com/r/Superstonk/comments/wg2e7j/beyond_the_wool_the_smoking_gun_and_how_the_dtcc/ + +edit3: i am not saying supress evidence, I am saying submit it to the regulators and relevant authorities. Don't just post "my country too!" especially since every dam country has already been covered. SUBMIT THAT SHIT, POST YOUR SUBMISSIONS. The governing bodies aren't using your posts to start investigations! +I'm making this post to help US citizens who have their money on [Binance.US](https://Binance.US). + +Recently, I made a trade and sold off some crypto to keep some funds in USD for a move down I anticipated happening. Everything was going according to plan and the next morning I got up to make my trade, only to find more than $1000 was missing from my USD funds. + +&#x200B; + +[The $11 buy was with separate money](https://preview.redd.it/ikvei79uho871.png?width=1044&format=png&auto=webp&s=cdb7a73aebf9c8f9d99d08c7ee3eb8b3a0d2f495) + +&#x200B; + +[This is the amount I woke up to](https://preview.redd.it/o9qb57q2io871.png?width=1044&format=png&auto=webp&s=f5dbc5c56de1c1a24a54598b6d3e6167b46d21fb) + +Confused, I tried to reach out to [Binance.US](https://Binance.US) to no avail. I did some research and found out people have been waiting months for tickets to be resolved. That was unacceptable to me, so I filed formal complaints with the BBB and the SEC, of which both cases are still open at the time of this writing. + +Today, [Binance.US](https://Binance.US) emailed me back and notified me they removed $1000 from my trade because "their records" show a deposit I made on the 25th of June never went through. + +&#x200B; + +[This is the first indication I got of where the money went](https://preview.redd.it/x4y4wdp8jo871.png?width=701&format=png&auto=webp&s=4f94935728d624b64c5456677d638fdcfe13320b) + +Confused, I logged into my bank account to check my account and sure enough, there was a transaction for $1000 on June 25th. + +[Bank Statement](https://preview.redd.it/b7r6h0fkjo871.png?width=1028&format=png&auto=webp&s=e3c42ed146079c84c70640419107325757db1a1d) + +The most alarming thing about this is that [Binance.US](https://Binance.US) gave me ZERO indication that they were doing this, and if I wasn't the type of person who pays very close attention to his account, that money would have been gone forever with me being none the wiser. There were no emails, no alerts, nothing on my account, zilch, to indicate what they did. And to top it all off, it was done in the middle of the night, somewhere between 3-4am PST, as the market was falling. So when I woke up, the PNL looked as if it was a normal red day. To top it all off, they took MORE than $1000 when they removed the money from my account. + +If you guys are using [Binance.US](https://Binance.US), get your money off of that exchange ASAP and watch your funds like a hawk. There will likely be a lawsuit that stems from these types of practices, and it shows that [Binance.US](https://Binance.US) is being grossly incompetent with people's money to the point of negligence. Please do not use them and use this message to protect yourself. + + +UPDATE: Binance.US is doubling down and saying they never received the funds. I called my bank and they confirmed the transaction did go through in a timely manner. + +I traced out my bank statement with my USD deposits on Binance.US and they match up perfectly, minus the $1000 + a few extra they took without telling me. +hey guys, + +THE ASX IS GONNA WREK EVERYONE + +you may ask why, I'm being such a gay bear well take a look at this graph + +&#x200B; + +https://preview.redd.it/ft5g3zw3pjq71.png?width=1016&format=png&auto=webp&s=e41f03c3dd3ec36e0f5d7bdc0086029439244a99 + +what do you notice about this graph? Apart from the blatant underperformance of au markets/us markets, its clearly evident that the asx is strongly collated with the performance of the spx. + +and oh boy the s&p 500 is not looking good + +https://preview.redd.it/97go3e5nrjq71.png?width=1642&format=png&auto=webp&s=cf9b6eca82787e7a00cb483b27490c3b15de1146 + +the market hasn't acted like this since the covid crash, but you may ask isnt this just another dip but this time a little bit longer? to that I would say fed tapering, inflation, evergrande, china, high evaluations, fed members selling their assets, but of course thats all speculation but theres one thing we can all agree isn't speculation + +forget your boring indicators rsi macd moving average blah blah blah + +behold the infamous buy signal that has never failed us + +&#x200B; + +https://preview.redd.it/5vlzbe3rsjq71.png?width=2700&format=png&auto=webp&s=754b82222dbd9ddc041ab10bcff26988a6a475e9 + +whenever this man appears in headlines stocks always go up, but in this recent dip he wasn't in headlines, I think this is a clear warning that the crash isn't over, be very careful guys + +ps: I sold my Z1P calls yesterday 10% lower than the market price + +tldr: see old man buy calls, if man gone, calls gone too, buy puts +Yes, hello, it's true, as u/jswyft crystal balled months ago, PLS is gonna start paying dividends. Fuck the boomers, this is my millenial boomer fave now! + +mining.com "[PILBARA MINERALS TO BEING PAYING DIVIDENDS](https://www.mining.com/web/pilbara-minerals-to-begin-paying-dividends/) + +"Investors have been bidding the Pilbara Minerals share price higher today after the company unveiled its capital management framework. + +With Pilbara Minerals generating significant free cash flow from its operations, it is now in a position to start thinking about capital management. + +Pleasingly for shareholders, this means that dividends are expected to be paid from FY 2023, with management aiming to pay out 20% to 30% of its free cash flow to shareholders." +**Disclaimer: I'm currently in RAC with 2500 shares at $1.27 and may buy more in the lastest cap raise. TLDR at the bottom** + +RAC. Race Oncology. I don't think I've ever seen a more polarising biotech company discussed in this sub, and it appears the recent pre-clinical results + cap raise has put it back to the forefront of some people's minds. Most of us don't have any problems with buying into a dream - I suppose with all the speculative zero-revenue companies that get passed around here that's hardly a surprise. On top of the die-hard RAC believers (RAC-cultists? RACers? RACists? Kool-aid drinkers?), we also have a large amount of people calling the company a scam dream. + +The reason is pretty obvious - Dr Tendies and his rather impressive obsession with Haute Crapper, because let's be real very few people fully care about / understand the science (most of us can't even read so you're pretty elite if you can read this post). + +All of us can have differing opinions on how busy the Chief Science Officer should be, what they should do, and whether or not pre-clinical lab work or clinical trials is hardcore 24/7 (I don't think he actually does any of the trials personally. Also personally I found my limited experience with lab work to be boring - awful lot of waiting around for computers to run assays, reagents to mix etc. Clinical research instead relies heavily on data entry and analysis, which I'm not sure is better.) + +However, regardless of how eager or over-enthusiastic the CSO and some holders are (and I agree some of the price targets from Haute Crapper are absurdly high), I'm not sure how the directors (and Dr Tendies in particular) are going to manage any kind of rug-pull or run a lifestyle company. Seriously -> the good doctor holds 13,450,000 shares or 9.31% of the company as of the latest [annual report](https://onlinereports.irmau.com/2021/RAC/62/), and RAC typically trades <300k (often <150k) in daily volume. Not sure how he can dump all those shares without someone noticing a *Change of Director's Interest Notice*. + +But /u/n00ba7l1f3, can't they just siphon all the money in the company's coffers and run it as a lifestyle company? Perhaps dear viewer. Let's take a look at the FY21 annual report again: + +Non-executive director fees: $178 306 + +Employee benefits expense: $216 524 + +Travel and accommodation: $874 (yes, eight hundred and seventy-four) + +Share based payment expense (the big one): $2 276 196 + +Alright, so this last one is by far the most significant - as far as my smooth brain can tell half of it is options at very generous exercise prices (<$0.50), and the other half is at $2.150 strike. Issue though - if all the "lifestyle companying" predominantly entails employees getting options, how can they realise those gains in the low volume without an official ASX notice? + +**Now let's see what some other ASX oncology companies are up to** + +**IMM** - which has had a pretty bad fortnight, after they released [this annoucement](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02449716-2A1337596?access_token=83ff96335c2d45a094df02a206a39ff4) on 10 Nov on their final results from a PhaseIIb study. Let's see - "*Statistically significant and clinically meaningful OS benefit confirmed now in three pre-defined patient subgroups (patients <65 years, low monocytes and luminal B)*". Sounds promising, bit odd with the sub-groups but they were pre-defined (unlike DXB) and in oncology with immunotherapies / targeted therapies it's pretty common to have drugs which only help certain patients - perhaps some of these subgroups had certain mutations which benefit from their drug? + +Oh wait, I see the big problem - "*In the total patient population... reflecting a survival benefit of +2.9 months (HR = 0.88, p = 0.197)*" and thus they didn't mention anything about statistical significance overall because there wasn't any to be had with 95% confidence intervals (CIs). Seems market didn't like that news too much. + +Which is a shame, because it turns out sometimes CIs don't have to be at 95%! Or so that's what **IMU** decided in [this announcement](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02311873-3A556044?access_token=83ff96335c2d45a094df02a206a39ff4) released about a year ago, using 80% CIs for the only time I've ever seen in my life to say the key words STATISTICALLY SIGNIFICANT! Also they keep yammering about a one-sided p-value - it seems they mean they ran a one-tailed test. I'm no biostatics genius but I hope that's not what they meant because one-tailed tests are only if the estimated data is known to be definitely on one side of the reference data - aka absolutely not the case in a full on clinical trial for a new drug. + +Even though they have since stepped away from using the 80% CIs per [this announcement](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02416151-3A574809?access_token=83ff96335c2d45a094df02a206a39ff4) in September (not that that would have been helped due to a p-value of 0.266), they sure are sticking by their one-sided tests. In all fairness, IMU is looking at a broad scope, these are still early stage trials with few participants, and there might be some misunderstandings on my part. + +**TLDR: But still, are we really going to cry and hate on an over-eager Dr Tendies from RAC who has no feasible way to dump all his shares, and ignore other biotechs which appear to use certainly unorthodox statistical analysis in a possible attempt to chase the 'statistically significant' buzzword?** +hi guys.. i’m actually 17 about to turn 18 in a few months, for about 6 months now i have been putting in hours and days learning forex trading and everything in between. when i’m 18 i get 10k to play with for forex. now my question is should i spread the 10 all over different brokers or one account with 10k in it. Also since i’m at my step fathers place i don’t have topay anything like expenses, rent, etc etc, i want to be able to move out around 21 years old achieving this thru forex profits is the ideal scenario. I think this is very possible... what do you guys think? what should be realistic expectations? +I live on the edge. I have been using short take profits for the past couple months. When my trades run bad ... I let em! They have always come back. Today 4 of them came back from..... waaaaaay in the red on xau/usd. I took profit. My account is up 10%. + + I'm using .01 lot sizes. Margin call you say? What's that? This is working better than my actual trading strategies or things I researched. + + +Edit: for those trading using other strategies, what do you think is making you profitable using a SL? What are your confluences? +Be Careful about the $40 DD that’s circulating + +I know we’re all apes, but let’s be human for one second and use our advanced brains: + +The post circulating claiming that hedgies can cover under $40 is bullshit and just trying to spread FUD that we LOSE when they drop it below $40 tomorrow. + +1. The original thread does some fucking INSANELY detailed DD, but he doesn’t understand you can’t cover with Puts? Almost as if the guy wrote an insanely long DD post to convince people that he’s smart and to listen to him without critically thinking... + +2. RANDOM Accounts are copy and pasting that post everywhere on r/wallstreetbets, r/wallstreetbetsnew, r/gme etc... These accounts then make some happy supporitive replies on any comment that agrees. They avoid any questioning regarding puts not being able to cover shorts. + +3. The timing is just fucking weird. They drop the price around $40, this dude somehow comes up with this insane DD based on data from 3 days ago and drops it today, right before the first day the close is $40. + +4. Read [this](https://www.reddit.com/r/GME/comments/ln9d2m/regard_the_last_dd_on_why_40_matters/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +5. The OP of the $40 FUD post, doesn’t once call himself a re tard or reference his favorite flavor of crayon. what the actual fuck. + +Let’s be clear. They cannot cover shorts with puts. + +Hopefully, I’m wrong about his intentions and this post helps keep the price above $40. BUT if it drops below $40, then don’t be a little paper handed bitch who believes the lies from that DD. Nothing changes, they still need to cover. Just because it’s a long post and has a lot of numbers doesn’t mean you nod and repeat after him. We are apes, not parrots. + +If it looks like a hedgie using sketch tactics to make you scared and sell, if it sounds like a hedgie using sketch tactics to make you scared and sell, it’s probably a hedgie using sketch tactics to make you scared and sell. + +Remember what DFV said today... +“I like the stock” + +Quite frankly, I agree with him and will be holding 💎🤲 + +Not financial advice. I am legitimately retarded and my favorite crayon flavor is magenta +So today we saw that Union Bank had confirmed to closing over 400 locations. This can be seen through the following post: [https://www.reddit.com/r/Superstonk/comments/mv6k4z/union\_bank\_confirms\_emergency\_closing\_of\_over\_400/](https://www.reddit.com/r/Superstonk/comments/mv6k4z/union_bank_confirms_emergency_closing_of_over_400/) + +The reason this is very fascinating to observe is because it reveals a much deeper image of their collapsing empire. How does it do that you ask? Well, if you look at the Parent company of Union Bank it turns out it is: **MUFG Bank.** + +From wikipedia: + +"In August 2008, Mitsubishi UFJ offered to buy the 35 percent of Union Bank it did not already own, which Union Bank accepted.[\[10\]](https://en.wikipedia.org/wiki/MUFG_Union_Bank#cite_note-10) On November 4, 2008, the Bank of Tokyo-Mitsubishi UFJ (BTMU), a wholly owned subsidiary of Mitsubishi UFJ Financial Group (MUFG), announced that BTMU had successfully acquired all of the outstanding shares of UnionBanCal Corporation.[\[11\]](https://en.wikipedia.org/wiki/MUFG_Union_Bank#cite_note-11) + +In 2014, MUFG integrated the U.S. operations of its subsidiary The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) with those of San Francisco–based Union Bank, N.A.[\[12\]](https://en.wikipedia.org/wiki/MUFG_Union_Bank#cite_note-MUFGAmericas-12) + +In April 2018, the Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) was renamed to MUFG Bank, Ltd.[\[12\]](https://en.wikipedia.org/wiki/MUFG_Union_Bank#cite_note-MUFGAmericas-12)" + +So now we go ahead and look at our dear MUFG Bank, and its holdings... and guess what we start to see: + +* [UnionBanCal Corporation](https://en.wikipedia.org/wiki/UnionBanCal_Corporation) (approx 63% in Feb 2005; 68% in 2004; 100% in 2008) +* [Chong Hing Bank](https://en.wikipedia.org/wiki/Chong_Hing_Bank) (9.66%) +* [**Morgan Stanley**](https://en.wikipedia.org/wiki/Morgan_Stanley) **(22.41%)**. On September 29, 2008, Mitsubishi UFJ Financial Group announced that it would acquire a shareholding in Morgan Stanley for US$9 billion. In the midst of the October 2008 stock market crash, concerns over the completion of the Mitsubishi deal caused a dramatic fall in Morgan Stanley's stock price to levels last seen in 1994. Morgan Stanley's share price recovered considerably after Mitsubishi UFJ closed the deal on October 14, 2008.[\[15\]](https://en.wikipedia.org/wiki/MUFG_Bank#cite_note-MS-TMSF-01-15)[\[16\]](https://en.wikipedia.org/wiki/MUFG_Bank#cite_note-MS-TMSF-02-16)[\[17\]](https://en.wikipedia.org/wiki/MUFG_Bank#cite_note-MS-TMSF-03-17)[\[18\]](https://en.wikipedia.org/wiki/MUFG_Bank#cite_note-MS-TMSF-04-18)[\[19\]](https://en.wikipedia.org/wiki/MUFG_Bank#cite_note-MS-TMSF-05-19) + * The payment from MUFG was supposed to be wired electronically; however, because it needed to be made on an emergency basis on [Columbus Day](https://en.wikipedia.org/wiki/Columbus_Day#United_States_observance) when banks were closed in the US, MUFG cut a US$9 billion physical check, the largest amount written via physical check at the time.[\[20\]](https://en.wikipedia.org/wiki/MUFG_Bank#cite_note-20)[\[21\]](https://en.wikipedia.org/wiki/MUFG_Bank#cite_note-21) The physical check was accepted by [Robert A. Kindler](https://en.wikipedia.org/wiki/Robert_A._Kindler), Global Head of Mergers and Acquisitions and Vice Chairman of Morgan Stanley, at the offices of [Wachtell Lipton](https://en.wikipedia.org/wiki/Wachtell,_Lipton,_Rosen_%26_Katz).[\[22\]](https://en.wikipedia.org/wiki/MUFG_Bank#cite_note-22) +* [Bank of Ayudhya](https://en.wikipedia.org/wiki/Bank_of_Ayudhya) (76.88% on January 5, 2015; 72% on December 19, 2013)[\[23\]](https://en.wikipedia.org/wiki/MUFG_Bank#cite_note-23) + +**Morgan Stanley** is a familiar name to all apes. First remember that Morgan Stanley had also: [https://www.reddit.com/r/Superstonk/comments/ms1bus/morgan\_stanley\_posts\_911\_mln\_loss\_tied\_to/](https://www.reddit.com/r/Superstonk/comments/ms1bus/morgan_stanley_posts_911_mln_loss_tied_to/) + +And most importantly let us not forget this wonderful source confirming ARCHEGOS CAPITAL WAS LIQUIDATED OUT OF SHORT POSITION IN SECOND LATE FEBRUARY $GME SHORT SQUEEZE: + +[https://twitter.com/Fxhedgers/status/1378574873866330116](https://twitter.com/Fxhedgers/status/1378574873866330116) + +The web is connected, and it has been never more clear to see through it. WE ARE ONLY STARTING TO SEE A GLIMPSE OF THIS CATASTROPHE UNFOLD. It is all collapsing and burning behind the scenes and there is BUT ONE ROCKET OUT OF THIS APOCALYPSE, THE ROCKET THAT THEY TRIED TO BRING DOWN SO HARD THEY ENDED UP DESTROYING THE WHOLE WORLD WITH IT. Remember, the majority of analysts, economists, financial advisors, money managers, and whoever the fuck else you think has credibility and ''experience'' in the market, actually are the equivalent of people who bet on sports. Sure based on research and experience you may know where to place your sports bet on a regular match, but THIS HERE IS NOT A REGULAR MATCH AND WE CAN CLEARLY SEE THIS IS LITERALLY ANOTHER 2008 IN THE MAKING... I KNOW YOU ANALYSTS DONT KNOW WHAT THE FUCK IS GOING ON BEHIND THE SCENES AND THINK THIS IS JUST ANOTHER STOCK PLAY... BUT REALLY IT IS NOT. SO STOP WITH THE ANALYSTS SAY THIS, ANALYSTS SAY THAT... 2008 FLEW OVER ALL THEIR HEADS, AND GUESS WHAT, THIS ONE IS GOING TO TOO. + + +Edit: Adding very interesting comment below from /u/[DeityofDeath](https://www.reddit.com/user/DeityofDeath/): + + "No clue if this is related but ex British PM David Cameron is currently being investigated for lobbying with Greensil capital. Greensil capital got liquidated out the same time as archegos capital got margin called. both were connected to credit Suisse and they are taking massive losses. +Ironic a scandal comes out of a collapsing british credit company. + +also, new proposed european football "mega" league from JP morgan gets the go ahead the weekend after JP Morgz do an incredible bond sell off, then the league gets cancelled tuesday right after they have made their money from the news hype. Seems like short shorts" +There is hardly a week where someone doesn't come in, asking why their account was blocked for 'review purposes'. And let me tell you, most of those times they are blocked for no apparent reasons. I had plenty of those whose accounts have been blocked for weeks, they had no access to their money, and in the end, the 'suspicious transactions' were transfers from family, or, even funnier, someone e withdraw THEIR OWN MONEY from bank A, transferred to bank B and then back to bank A. +And my bank has the audacity to ask about the source of funds, depriving them of often their only money source. Because banks don't allow you to withdraw anything until they are done doing their review. And what happens when it turns out to be banks mistake? You can file a complaint and... That's about it. Go deal on your own with the investments you lost, food that you didn't have etc. +Here is why Bitcoin is needed. So that some enormous corporation can't ask you 'Where did that $1000 come from?'. Oh, and if you answer them the same day, good luck getting an answer in anything less than 2 weeks. They just don't care, as long as they can work your 'potentially unearned' funds. + +Also, they block your accounts if you invest in BTC. because terrorism, right? No, because they want you to put your money into their 'fantastic deal' 0.01% APR savings accounts, instead of staking for a MUCH higher percentage. +There is hardly a week where someone doesn't come in, asking why their account was blocked for 'review purposes'. And let me tell you, most of those times they are blocked for no apparent reasons. I had plenty of those whose accounts have been blocked for weeks, they had no access to their money, and in the end, the 'suspicious transactions' were transfers from family, or, even funnier, someone e withdraw THEIR OWN MONEY from bank A, transferred to bank B and then back to bank A. +And my bank has the audacity to ask about the source of funds, depriving them of often their only money source. Because banks don't allow you to withdraw anything until they are done doing their review. And what happens when it turns out to be banks mistake? You can file a complaint and... That's about it. Go deal on your own with the investments you lost, food that you didn't have etc. +Here is why Bitcoin is needed. So that some enormous corporation can't ask you 'Where did that $1000 come from?'. Oh, and if you answer them the same day, good luck getting an answer in anything less than 2 weeks. They just don't care, as long as they can work your 'potentially unearned' funds. + +Also, they block your accounts if you invest in BTC. because terrorism, right? No, because they want you to put your money into their 'fantastic deal' 0.01% APR savings accounts, instead of staking for a MUCH higher percentage. +# $GME shares Direct Registered at Computershare Update! -- 12.7 MILLION!!!🟣 + +https://preview.redd.it/77dtdr25hu391.png?width=645&format=png&auto=webp&s=0c46c42c2711d4d41e5598d9359af711d6c8b42d + +**NEW HERE?** Are you wondering what DRS is? Do you want to know how and why people are Direct Registering their shares? **Please ask away in the comments! Try to search the comments first to see if your question has been answered.** + +[May Megathread](https://www.reddit.com/r/Superstonk/comments/ugnqsg/drscomputershare_megathread_052022/?utm_source=share&utm_medium=web2x&context=3) + +[April Megathread](https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare_megathread/?utm_source=share&utm_medium=web2x&context=3) + +**HAVE YOU GONE THROUGH THE PROCESS OR RESEARCHED IT?** We have some helpful people already willing to answer questions. If you want to be one of them too, hop in and help where you can. We appreciate every last one of you. This thread will sort by new, to make it easier to find unanswered questions. + +**WANT TO FIGURE IT OUT ON YOUR OWN?** [our comprehensive Computershare Guide](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +[LIST OF CUSTODIANS - for IRA shares](https://innovativewealth.com/wealth-management/research/self-directed-ira-industry/the-ultimate-list-of-self-directed-ira-custodians-and-administrators/) + +[IRA Guide](https://www.reddit.com/r/Superstonk/comments/scpxs9/another_path_to_drsira_with_no_taxable/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) \-- involves moving shares to a custodian, please research the risks involved with various [custodians](https://www.abc.net.au/news/2021-03-05/share-custodians-holding-your-stocks-explainer/13177716) + +[another IRA Guide, this time using an LLC](https://www.reddit.com/r/Superstonk/comments/tc3n8g/how_to_drs_your_ira_shares_the_god_mode_cheat/?utm_source=share&utm_medium=web2x&context=3) + +[DTCC explaining DRS](https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system) + +When you buy through a broker-dealer, they will be in the "street name" aka they're registered with your broker-dealer. + +What can they do with street name shares but not with direct registered shares? LEND THEM OUT TO SHORT SELLERS! + +From DTCC - REDUCES RISK ASSOCIATED WITH PHYSICAL SECURITIES PROCESSING, INCLUDING TURNAROUND DELAYS, MAIL LOSSES AND RISKS ASSOCIATED WITH STOLEN, FORGED OR COUNTERFEIT SECURITIES\* + +link to Computershare's chart that shows that direct registered shares are removed from Cede & Co. / DTC: [https://www.computershare.com/PublishingImages/company-share-structure.jpg](https://www.computershare.com/PublishingImages/company-share-structure.jpg) + +link to Computershare's FAQ page that also has that chart: [https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +&#x200B; + +# FAQs + +**Do you want to post your DRS position but don't have enough karma?** Post in [r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/) to feed the bot, there's no karma requirements there. + +**How to transfer from Fidelity?** You can call or use the chat online and tell them you want to DRS your shares. They will send your shares over to Computershare for you. Once that happens, Computershare will send you a letter in the mail with your 'customer code' so you can set up an online CS account. + +If you don't want to wait for the code, you may be able to verify your ID online - After your shares no longer appear in Fidelity you can simply go to CS and register for your account with your SSN, Zip code, and the name of Gamestop. They will ask a couple verification questions and then you will have an account. If this doesn't work the same day the shares disappear, then check back in a day or two. + +**Can I buy/open an account through Computershare?** Yes. You have to create an account by adding your bank account info, then they send you a letter with your customer code. You use the code to create an online account. Once you have an online account you can create a purchase order. The money will take 3 days to settle, then they buy however many shares they can get with the amount of money you deposited. The shares take T + 2 days to settle. + +If you're outside the US you can use [Wise.com](https://wise.com/) and set up a bank account there, same process. [https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us](https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us) + +How to sell? You may request that Computershare sell all or a portion of your shares online at [www.computershare.com](http://www.computershare.com/). If you want to set the price you're comfortable with, a good-til-cancelled (GTC) limit order is your friend. If the stock reaches the price you set or higher, it will automatically sell for you. + +**Book vs Plan** + +Both plan and Book are removed from the DTC and are registered in your name. But there are two key differences between plan and book: + +1. Plan shares automatically re-invest any CASH based dividends (this does not apply to stock or crypto based dividends) +2. Plan shares are held in a pool with Computershare. This means they can allow for fractional shares. Even the fractional shares are registered in your name and removed from the DTC. (So you can only convert whole shares to Book). + +Transferred shares are automatically "book", and when you buy directly through Computershare they are automatically set to "plan". + +**Transfer Request forms** + +[TDAmeritrade](https://www.tdameritrade.com/content/dam/tda/retail/marketing/en/pdf/TDA371.pdf) + +[DriveWealth](http://pages.drivewealth.com/rs/124-INJ-520/images/Outgoing%20DRS%20Transfer%20Form%20V5.pdf) + +[E\*Trade](https://us.etrade.com/e/t/estation/ESReqCert) + +[Wealth Simple](https://help.wealthsimple.com/hc/en-ca/articles/4408382062107-Register-your-shares-with-a-transfer-agent-via-DRS) + +[Chat with Fidelity](https://www.fidelity.com/customer-service/contact-us) + +**Guides for various brokers** + +[IRA Guide using Mainstar as a custodian](https://www.reddit.com/r/Superstonk/comments/ub4e95/ira_drs_visual_guide_traditional_and_roth_sdira/?utm_source=share&utm_medium=web2x&context=3) + +[SCREENSHOT of my Fidelity Chat from 03/30/22](https://imgur.com/X3NpAQH) + +[Degiro to IBKR](https://www.reddit.com/r/Superstonk/comments/ra4mp3/degiro_to_ibkr_transfer_effective_in_4_days/) + +[Danish/English guide to transfer to and from IBKR](https://www.reddit.com/r/Superstonk/comments/u1k6n8/we_need_translations_to_get_people_outside_the_us/?utm_source=share&utm_medium=web2x&context=3) + +Guide for [CANADA](https://www.reddit.com/r/GMECanada/comments/qpwjvx/new_canadapes_read_here_first_before_posting/) + +**How to DRS from Vanguard** + +Call the Vanguard Outbound DRS Transfer agent at: 855-730-0325 + +Provide them with your brokerage account details, your Social Security Number (they no longer rely on you providing your Computershare account number anymore), and how many shares you would like to transfer to Computershare. + +Total call time was 8 minutes. They said it will take 5-7 business days to arrive in Computershare. + +**To Contact GME dept in Computershare - 800 522 6645** + +or [https://www-us.computershare.com/Investor/#Contact/Enquiry](https://www-us.computershare.com/Investor/#Contact/Enquiry) + +**International number - 00800-3823-3823** + +If you want to ask questions here but your karma is too low for the sub, DO IT! Automod will remove your message but I will manually approve it for you💜! + +To reduce clutter I will remove off-topic comments. + +[GME plan details](https://cda.computershare.com/Content/7e2c2c4c-aeb6-4614-83a3-b67e32756a78) +A quick search of r/thetagang reveals countless posts from traders who sold an OTM put that is now deep ITM and they are panicking and looking for ways to get out of it. Why is this? Weren't they fine with buying the stock at the strike price? Are we doomed? + +I'm here to hypothesise that this phenomenon is due to the 'Price-Perceived Quality Relationship' and that **you need to be aware of it when selling OTM CSPs or else you will panic too**. + +To put it very simply, there is an empirically observed positive correlation between perceived quality and price. We use price as a mental shortcut to determine the quality of something. For example, + +* The $30,000 couch must be better than the $500 couch in Home Depot. +* The $2,000 bottle of Scotch is better than the $30 Whisky. + +This simplification skirts over some finer details, but if you really want to you can check out the more seminal meta-analyses of the relationship here. ([Rao and Monroe, 1989](https://www.jstor.org/stable/3172907); [Volckner and Hofman, 2007](https://www.researchgate.net/profile/Julian-Hofmann-4/publication/5153015_The_Price-perceived_Quality_Relationship_A_Meta-analytic_Review_and_Assessment_of_Its_Determinants/links/0c96052b377ce0d043000000/The-Price-perceived-Quality-Relationship-A-Meta-analytic-Review-and-Assessment-of-Its-Determinants.pdf)) + +This relationship is generally studied and observed with purchasing goods, so how does it relate to short puts? Well, it might not, but let's play out the thought experiment and hopefully this will illustrate my hypothesis. + +**Let's say AMD is trading at $145 and we wish to commence the 'Wheel'.** + +Conventional wisdom calls for a 30 Delta or reasonably OTM short put. We sell a $115 put for 30-45DTE and what are we supposed to tell ourselves? + +*"I wouldn't mind owning the stock at $115"* + +We tell ourselves this because *in the context of the* *current* strike price of $145... $115 looks like a steal! This is also a neutral to bullish strategy, we expect AMD to go UP. + +**Fast forward two weeks and AMD tanks to $100**. + +All of a sudden, several things all at once are screaming at us that we are idiots and cause panic: + +1. We had a neutral to bullish position that we were badly wrong on - the stock went down. +2. If someone were to open a CSP on AMD now, they might open it at $80, thinking $80 is a steal in the context of a current price of $100 - if only we had waited. +3. If AMD can fall from $145 to $100, who's to say it can't fall further? + +**With our initial assumptions rattled, we might resort to using Price as a cue for quality. Now that AMD is much cheaper, perhaps it isn't a good quality stock and we don't want to own it. $100 now in the context of the** ***initial $145*** **might not seem like a steal anymore!** This downward spiral of 'price-perceived quality' is something that impacts most CPG companies fighting in competitive markets. If the price keeps dropping - the goods stop signalling quality to consumers. + +&#x200B; + +**SUMMARY:** + +When we sell an OTM CSP, we don't **fully** comprehend the reality of the stock price falling. Our bullish assumption is immediately questioned when the stock price falls and we start to use mental shortcuts - the share price - to determine quality. We then want to bail from the position ASAP as this lower price signals to us that the stock sucks. + +I'm just a moron so I don't really have a solution. But u/scottishtrader and others make it very clear all the time. **STOCK SELECTION IS KEY**. You need to sell CSPs on companies that you are long term bullish on, so that if *short term* declines do occur, then you aren't phased by picking up a **quality** stock at a **discount** and that you can filter out the noise when a stock goes against your short put. +A quick search of r/thetagang reveals countless posts from traders who sold an OTM put that is now deep ITM and they are panicking and looking for ways to get out of it. Why is this? Weren't they fine with buying the stock at the strike price? Are we doomed? + +I'm here to hypothesise that this phenomenon is due to the 'Price-Perceived Quality Relationship' and that **you need to be aware of it when selling OTM CSPs or else you will panic too**. + +To put it very simply, there is an empirically observed positive correlation between perceived quality and price. We use price as a mental shortcut to determine the quality of something. For example, + +* The $30,000 couch must be better than the $500 couch in Home Depot. +* The $2,000 bottle of Scotch is better than the $30 Whisky. + +This simplification skirts over some finer details, but if you really want to you can check out the more seminal meta-analyses of the relationship here. ([Rao and Monroe, 1989](https://www.jstor.org/stable/3172907); [Volckner and Hofman, 2007](https://www.researchgate.net/profile/Julian-Hofmann-4/publication/5153015_The_Price-perceived_Quality_Relationship_A_Meta-analytic_Review_and_Assessment_of_Its_Determinants/links/0c96052b377ce0d043000000/The-Price-perceived-Quality-Relationship-A-Meta-analytic-Review-and-Assessment-of-Its-Determinants.pdf)) + +This relationship is generally studied and observed with purchasing goods, so how does it relate to short puts? Well, it might not, but let's play out the thought experiment and hopefully this will illustrate my hypothesis. + +**Let's say AMD is trading at $145 and we wish to commence the 'Wheel'.** + +Conventional wisdom calls for a 30 Delta or reasonably OTM short put. We sell a $115 put for 30-45DTE and what are we supposed to tell ourselves? + +*"I wouldn't mind owning the stock at $115"* + +We tell ourselves this because *in the context of the* *current* strike price of $145... $115 looks like a steal! This is also a neutral to bullish strategy, we expect AMD to go UP. + +**Fast forward two weeks and AMD tanks to $100**. + +All of a sudden, several things all at once are screaming at us that we are idiots and cause panic: + +1. We had a neutral to bullish position that we were badly wrong on - the stock went down. +2. If someone were to open a CSP on AMD now, they might open it at $80, thinking $80 is a steal in the context of a current price of $100 - if only we had waited. +3. If AMD can fall from $145 to $100, who's to say it can't fall further? + +**With our initial assumptions rattled, we might resort to using Price as a cue for quality. Now that AMD is much cheaper, perhaps it isn't a good quality stock and we don't want to own it. $100 now in the context of the** ***initial $145*** **might not seem like a steal anymore!** This downward spiral of 'price-perceived quality' is something that impacts most CPG companies fighting in competitive markets. If the price keeps dropping - the goods stop signalling quality to consumers. + +&#x200B; + +**SUMMARY:** + +When we sell an OTM CSP, we don't **fully** comprehend the reality of the stock price falling. Our bullish assumption is immediately questioned when the stock price falls and we start to use mental shortcuts - the share price - to determine quality. We then want to bail from the position ASAP as this lower price signals to us that the stock sucks. + +I'm just a moron so I don't really have a solution. But u/scottishtrader and others make it very clear all the time. **STOCK SELECTION IS KEY**. You need to sell CSPs on companies that you are long term bullish on, so that if *short term* declines do occur, then you aren't phased by picking up a **quality** stock at a **discount** and that you can filter out the noise when a stock goes against your short put. +4:1 SPLIT DIVIDEND ALLOWS THEM ROOM TO DO A 3:1 SPLIT AFTERWARDS AS A BACKUP. + +SINCE THESE "DIVIDEND SHARES" WILL BE RECORDED/JOURNALED BY COMPUTERSHARE, OUR THEORY IS THAT LENDERS/SHORTS/MMs WILL BE FIGHTING AND SCRAMBLING FOR THE LEFTOVER SHARES THAT THE DTCC WILL HAVE TO DISTRIBUTE AFTER COMPUTERSHARE DIVIDENDS ARE GIVEN OUT FIRST. + +IF THERE IS NO BUYING PRESSURE FROM THE SHFs TRYING TO CLOSE THEIR POSITIONS DUE TO CRIME, GAMESTOP WILL ESSENTIALLY SAY "FCK IT, WE TRIED TO GIVE YOU A CHANCE TO CLOSE YOUR POSITIONS. SINCE YOU DECIDED TO CREATE MORE FCKERY, WE WILL EXIT THE DTCC AND/OR DISTRIBUTE A 3:1 NFT DIVIDEND, WHICH YOU WILL NOW HAVE TO CLOSE SINCE NFT IS BLOCKCHAIN SO IT CAN BE TRACED." + +90 DAYS AFTER JULY 21ST IS OCTOBER 19TH 2022. + +OCTOBER IS THE MONTH MOST RECESSIONS HAPPEN. + +IF THEY SAID 7:1 INITIALLY, THERE WOULD BE NO BACKUP AND THEY WOULD HAVE TO VOTE ON AN INCREASE OF MAXIMUM NUMBER OF SHARES AGAIN. BUT SINCE THEY ARE DOING A 4:1, THEY CAN NOW DO A 3:1 AS ANOTHER DIVIDEND SPLIT IF FCKERY CONTINUES. + +I'VE HAD TOO MUCH COFFEE THIS MORNING. + +DRS YOUR SHIT. LFG! 🚀 + +&#x200B; + +EDIT0: I AM JUST REALLY HYPED FOR THE DIVIDEND SPLIT GUYS. SORRY IF ALL-CAPS POST OFFENDED ANYONE. + +EDIT1: THE SHILLS ARE STRONG THIS MORNING. + +EDIT2: MAN SO MANY SHILLS THIS MORNING. \~76M (OUTSTANDING) \* 4 = 304M SHARES. 304M SHARES \* 3 IS 912M SHARES, WHICH LESS THAN THE MAXIMUM 1 BILLION. + +EDIT3: GOT REPORTED FOR BEING SUICIDAL LOLOL. SHILLS ON MAX DUTY. + +EDIT4: HEDGIES R FCKED! 🏴‍☠️ +I’m off to university (ty God) soon. Hopefully I’ll take myself and all those around me out of poverty. I’m wondering if your mental heath improved. Poverty feels like a shadow that stalks me everytime I dare to feel some joy. +I was touring a new gym the other day and the salesperson mentioned that they do not accept credit cards and a bank routing number and account number would be used for automated billing. + +I'm concerned for a number of reasons: +*misuse / theft of the bank info +*ill-timed withdrawals +*I generally don't give that information out + +Am I being paranoid? +I was reading [this](https://www.reddit.com/r/Autisticats/comments/p9rija/gamestop_lay_back_enjoy_the_show/) wonderful post on [Loan-only Credit Default Swaps](https://www.investopedia.com/terms/l/loan-credit-default-swap.asp) and how a [credit-event](https://www.investopedia.com/terms/credit-event.asp) involving [Europcar Mobility Group S.A.](https://www.creditfixings.com/CreditEventAuctions/holdings.jsp?auctionId=9169) may have been what caused the sneeze in January. + +Upon further research I see that IHS Markit are the leading institution that handles the swaps market. + +[https://ihsmarkit.com/products/markit-cdx.html](https://ihsmarkit.com/products/markit-cdx.html) + +They manage Credit Default Swap indices such as the CDX. (Could this be the 'meme stock' swap basket?) + +According to their site: + +> The indices roll semi-annually in March and September. Credit events that trigger settlement for individual components include bankruptcy and failure to pay, wherein credit events are settled via auctions. + +So these CDS index's rollover and the securities inside are restructured every 6 months during March and September. + +Their [news page](https://www.markit.com/NewsInformation/GetNews/CDX) lists a few PDF's that show the Index Rollover Dates - + +March - + +[March 10th.. sound familiar?](https://preview.redd.it/0pxj1czbm6m71.png?width=753&format=png&auto=webp&s=d82519e9d1d00ea0725f41126398edaaac87cb8f) + +So just at first glance we can see on March 10th they released their list of additions and removals from the index. I imagine this is akin to a restructure of securities, something like what an ETF would do. Apes will remember March 10th because it was the day when GME ran to 350 before being shorted down 170 moments later. + +https://preview.redd.it/8ui55cfan6m71.png?width=347&format=png&auto=webp&s=9d839bbf0dd0839f3e3a6f4b8a72423dbfe0b9ed + +September - + +https://preview.redd.it/1obpqhdpn6m71.png?width=764&format=png&auto=webp&s=03005fdc12d47fd66aa7c2105ac5105ad2ed4b9b + +The next rollover dates show that the same index restructuring from March is occurring again on September 8th. + +&#x200B; + +Correlation does not equal causation, but considering we know GME is being abused by Credit Default Swaps, and high volatility was present during the last rollover date, we may see another price run tomorrow. + +P.S. I'm smooth-brain and have no clue what I'm doing. I'm not a financial advisor, I just like the stock. hedgies r fuk + +TL;DR + +We're back at March 10th, a credit default swap index is being restructured again and so we may see increased volatility tomorrow. +9 out of 10 dentists agree that this is more than likely a sign of good things to come, including even higher moons and money in their wallets and (if they got into ETH), maybe even respect from their relatives after losing it for going into such a vile, scary profession. + +May your day be as good as ETH's price is atm. 🌛🚀 +Edit: THANK YOU to everyone what commented. You all have helped me tremendously in knowing I’m not alone, etc. I’ve read every comment, but can get overwhelmed replying to each one; please know I appreciate you all!! + +I used to work 40+ hours a week for a decent (4K/mo approx net) salary as a single person with higher education degrees. A decline in both states of health has made it difficult to return to a 9-5 and in turn have reduced my income. I’m heading into homelessness and have wiped out all of my savings, still waiting on a disability determination, and work part time due to said health issues. I’m finally feeling better after numerous visits and trial and error with medications, etc., but the financial damage is already done. I can’t wait until I can bounce back though. This experience has really humbled me. +Just checked my Fidelity account (like I’ve done religiously at 5:15am every morning for weeks/months) and the info to vote was now available!!! Headed to vote as we speak!!! The end is near and I’m so proud to be a part of this!! + +To the moon 🚀🌕🚀🌕🚀🌕🚀🌕🚀🌕🚀🌕🚀 + +Apes Together Strong 🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 + +Checking Vanguard next!! + +Edit 1: Vanguard still not showing “no data to display” + +Edit 2: Comments below indicating Vanguard is open as well...haven’t been able to check mine yet! + +Edit 3: TD Ameritrade, JP Morgan, +Charles Schwab, Webull, ETrade, SoFi, and others incoming too! Get ready Apes/Apettes, the floodgates are open(ing)! + +Edit 4: Received Vanguard email to my email linked with the account but nothing in the Corporate Actions folder or my secure messages on the actual website. +https://www.cnbc.com/2019/11/29/warren-buffetts-latest-attempt-to-put-his-cash-to-work-is-thwarted.html + +Tech Data says it has agreed to be bought by private-equity firm Apollo Global Management for $145 a share, which values the tech +company at about $5.14 billion, excluding debt. + +The deal was sweetened from Apollo’s previous bid of $130 a share, or just over $4.77 billion, after an unnamed suitor topped Apollo’s original offer. + +The undisclosed competing suitor was none other than Berkshire Hathaway, CNBC has learned exclusively. +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* +I'm questioning whether or not it is even possible to have consistent profits, or make enough profit to before your trading system fails to make it worthwhile. The question mainly being, if someone can do it at home, why wouldn't whatever strategies they found be found/exploited by the countless people doing this full-time at hedge funds? +Title says it all. I am 25, I’ll finish school in one year and I’ve supported myself the entire way off of the money I made myself. I’ve learned to live pretty frugally and soon I will have access to large amounts of “disposable”(investable) income. + +Even if Bitcoin crashes I’ll just use that time to accumulate tonnes and tonnes of cheap sats. I’m hoping to retire somewhere nice at 35 years old. + +Thank you Bitcoin and FIRE communities. +**TL:DR:** GameStop needs to become a gaming brand that people can connect with. Not a soulless corporate retailer. They can do this by pulling a 100 Thieves and sponsoring content creators. More nitty gritty YouTube technical stuff below. + +Edit 1: Holy shit guys, thanks for all the love and support!! + +I was checking r/Superstonk this afternoon like I usually do and saw a screenshot of u/brrrrpopop talking about how atrocious GameStop's YouTube channel is and how they could be the next IGN or GameSpot. + +https://preview.redd.it/be0npf8nfp571.png?width=591&format=png&auto=webp&s=6b143e8e4fcb9b4557ef302179727b3a09cdf070 + +He asked someone to write a DD with recommendations to GameStop so I thought I'd rise to the occasion! :D I've been working as an editor / manager for YouTube channels for 5 years now and have been studying it non-stop for years. I worked as a manager for the leading YouTube production company [Render.GG](https://Render.GG) and have worked as a contractor with many other channels. I've seen how powerful YouTube can be when used properly. I can't imagine how well GameStop could utilize YouTube with all the resources at their disposal. Even if they devoted a fraction of their budget to getting this thing off the ground, it could be huge for them. Let's talk about it! + +# YouTube Gaming is Already Massive - And It's Growing + +In 2020, YouTube Gaming had it's biggest year ever. **100 Billion Hours of gaming content was watched in 2020.** That's TWICE as many hours watched as 2018. Of course, a lot of this had to do with COVID. But this isn't a fluke. The global video game market is expected to hit $204 Billion in 2023 - up 15% from where it is today. YouTube Gaming will keep growing with it. Let's take a look at GameSpot and IGN's YouTube channels and compare them to GameStop's: + +&#x200B; + +https://preview.redd.it/ix9ltvhckp571.png?width=2332&format=png&auto=webp&s=33b4d8405fe134059dd1275082448fbc7281a37c + +&#x200B; + +https://preview.redd.it/cxcjn5pfkp571.png?width=2333&format=png&auto=webp&s=f4386dc421ed48b90bcdff1f742bef07c44038a9 + +GameSpot's YouTube channel has garnered 300,000,000 views in the past year alone. Their channel art is catchy and colorful. The thumbnails are varied and somewhat interesting. (I think GameStop could blow both IGN and GameSpot out of the water but I'll get to that later). + +IGN's YouTube channel has garnered 2,200,000,000 views in the past year alone. Their channel art is modern, catchy and **relevant.** 'Summer of Gaming 2021.' Their thumbnails are also fairly interesting. Both GameSpot and IGN probably make millions off of YouTube ad revenue and sponsorships every year. The kicker is **I know GameStop could do way better.** But let's take a look at GameStop's channel in its current state: + +&#x200B; + +https://preview.redd.it/1nj67j92lp571.png?width=2338&format=png&auto=webp&s=198f1788453ea7e55371f942f3c0855dc87cca9f + +What the fuck is this?? This looks like an amateur podcast channel. The banner is lifeless and uninspiring. Their descriptions lack any semblance of decent SEO. The thumbnails are boring as hell. The production quality in these videos is abysmal. In the hyper-competitive environment of YouTube Gaming, this channel doesn't stand a fucking chance as it is. (I love you GameStop and RC, just being honest here). This speaks to a larger problem that GameStop has that I'm going to cover next. . . + +# How GameStop Can Blow Both IGN and GameSpot Out of the Water + +GameStop still has a huge opportunity to capitalize in areas that IGN and GameSpot aren't. Let me explain. + +1. GameSpot and IGN are huge but they're like cold, corporate news outlets. I haven't met, known or heard of a single gamer in my entire life that feels any personal attachment to GameSpot or IGN. In today's business world, consumers want real connection. Everyone is sick and tired of the clinical corporate shit we see every single day. This is where GameStop has the biggest opportunity in my mind. They need to pull a 100 Thieves and become a real gaming brand. Not just a retailer. A BRAND that people can connect with. For starters, they should probably rebrand their YouTube and all their socials with some legitimate design work. Next they should do what 100T did; go sponsor tons of streamers and content creators with existing followings and actually connect with the viewers. Work out partnership deals with those streamers that incentivize their viewers to purchase through GameStop. Create top tier content with those content creators. Have those content creators plug GameStop in their content. Create content with those personalities that's exclusive to the GameStop channel. Hell, maybe even create fire merch like 100T has done and offer them to viewers. Bottom line, GAMESTOP NEEDS TO BE A GAMING BRAND THAT PEOPLE THINK ABOUT. Not a soulless corporate entity. +2. GameStop should start publishing YouTube shorts. Somehow corporations aren't catching onto the fact that YouTube is becoming TikTok and that shorts are EXPLOSIVE. YouTube has introduced a new system called 'YouTube Shorts.' Vertical videos, under a minute long. It seems that YouTube shorts follow a different algorithm than regular YouTube videos. This algorithm is straightforward and hella powerful. If you create shorts that are entertaining and highly watchable, your channel can blow up in a matter of days. I've witnessed multiple Warzone, Minecraft and GTA channels go from 2k views / day to 1, 2, 10 million views per day simply by posting shorts. These channels start with 2k subs and explode basically overnight. Create entertaining shorts that people can enjoy and connect to. Cover as many games as you can and make them relevant / entertaining to even people who don't play that game for max algorithm juice. Publish like 5 of them every day. Shorts are the hack to the YouTube algorithm. +3. Figure out how to actually do SEO or hire someone who ACTUALLY knows YouTube to do it. The SEO on these videos is pathetic. +4. Make better use of your titles and thumbnails. Interesting titles that make people click. Instead of **'Battlefield 4 Epic Play'** something like **'Dice Forgot This in the Battlefield 2042 Trailer 😮'** or something like that. The thumbnail should add something to the title and should be well designed! The most common mistake that I see people doing all the time is re-stating the video title in the thumbnail. Come on! The thumbnail is free real estate. You get the title and the thumbnail to make people click. Make good use of them. +5. Find a way to keep up with current YouTube / Gaming trends and capitalize on them. Maybe hire someone who knows the system well. +6. Potentially delete and re-create the GameStop channel. The channel is super dead and dead subs factor HUGELY into the YouTube algorithm. + +There are so many more good things they could do with their YouTube channel as far as specific video ideas go - I could go on for AGES. But these are the broad strategic things they need to address first. + +# In Conclusion + +In conclusion, GameStop is wasting their potential with their YouTube channel. They need to hire people who know YouTube in and out and are up to date with trends. They need to find content creators that they can sponsor and get behind. They need to become a real gaming brand that people can connect with. Just imagine the sales and ad revenue they could generate from a YouTube channel that's getting **2 billion views per year or more** with a loyal dedicated audience. + +Thanks for reading! I hope this was helpful and informative to you all. I'm so excited for where the stock is right now. The MOASS has so many good things going for it right now it's crazy. Any day now my friends, any day now! Much love to you all 💎🙌 +It’s basically an interview with Wade Pfau on the 4% rule and the sequence of returns risk: + +Re­tir­ing dur­ing a mar­ket down­turn and soar­ing in­fla­tion can feel like sail­ing into the wind in­stead of the sun­set.  + +The mar­ket’s per­for­mance in the first few years of re­tire­ment can have a big im­pact on how long a nest egg lasts, partly be­cause losses take a big­ger bite out of a port­fo­lio when it is typ­i­cally at its largest, ad­vis­ers and econ­o­mists say.  + +Of course, it isn’t al­ways pos­si­ble to time your re­tire­ment to co­in­cide with a bull mar­ket. + +But those near­ing re­tire­ment right now can take some com­fort in re­search that shows that even peo­ple who re­tired in the worst time to do so since 1926 would have made their money last 30 years by stick­ing to cer­tain rules. As the sto­ries of the four re­tirees The Wall Street Jour­nal pro­filed this week show, even those who re­tired in 2008 have done fine pro­vided they man­aged their money well.  + +Neg­a­tive re­turns at the start of re­tire­ment, when a port­fo­lio is usu­ally largest, cre­ate a prob­lem be­cause the com­bi­na­tion of mar­ket losses and with­drawals can leave a port­fo­lio too de­pleted to last decades. + +“The five years af­ter re­tire­ment are a piv­otal pe­riod for de­ter­min­ing a sus­tain­able life­style in re­tire­ment,” said Wade Pfau, a pro­fes­sor at the Amer­i­can Col­lege of Fi­nan­cial Ser­vices in King of Prus­sia, Pa., and au­thor of “Re­tire-ment Plan­ning Guide­book.” + +Con­sider a 62-year-old who re­tired on Jan. 1 with $1 mil­lion and is fol­low­ing the 4% rule to de­ter­mine how much to spend in re­tire­ment. (Such an ap­proach, which has been ques­tioned re­cently, calls for spend­ing 4% of a bal­ance in the first year of re­tire­ment and ad­just­ing that amount in sub­se­quent years to ac­count for in­fla­tion.)  + +Af­ter tak­ing the first an­nual with­drawal of 4%, or $40,000, the in­vestor would have $960,000 left. With a 15% loss in the first year, the bal­ance would fall to $816,000. Two more years of sim­i­lar with­drawals and 15% losses would leave about $527,000 to last po­ten­tially for decades. + +By con­trast, a 62-year-old who re­tires with $1 mil­lion and ex­pe­ri­ences 15% an­nual gains would have about $1.36 mil­lion af­ter three years of $40,000 with­drawals. + +De­spite the mar­ket’s im­por­tance in early re­tire­ment, his­tory shows that the port­fo­lios of peo­ple who re­tire in down mar­kets can re­cover. + +Thanks to the long bull mar­ket and low in­fla­tion that fol­lowed the fi­nan­cial cri­sis of 2008, some­one with 50% in stocks who re­tired with $1 mil­lion on Jan. 1, 2007, and spent $40,000, ad­justed an­nu­ally for in­fla­tion, would have had about $874,000 left af­ter two years, but would have about $1.63 mil­lion to­day. + +“As long as you didn’t panic and sell your stocks in 2008 you’d be do­ing fine to­day,” said Mr. Pfau, who crunched the num­bers for a port­fo­lio with 50% in U.S. large-cap stocks and 50% in in­ter­me­di­ate-term U.S. gov­ern­ment bonds. + +An­other les­son for re­tirees con­tend­ing with losses is to cut spend­ing if pos­si­ble, since “if you’re over­spend­ing from a port­fo­lio that is si­mul­ta­ne­ously dwin­dling, that just leaves less in place to re­pair it­self when the mar­kets even­tu­ally re­cover,” said Chris­tine Benz, di­rec­tor of per­sonal fi­nance at Morn­ingstar Inc. + +The worst 30-year pe­riod in which to re­tire be­gan in the late 1960s. Those who re­tired then were clob­bered with back-to-back bear mar­kets that started around 1969 and 1973, plus years of high in­fla­tion. These fac­tors caused many to drain their nest eggs faster than they would have oth­er­wise, al­though many in that era were able to fall back to some ex­tent on tra­di­tional pen­sion ben­e­fits. + +If mar­kets slide and in­fla­tion re­mains high for the next cou­ple of years, as some econ­o­mists have pre­dicted, Mr. Pfau said it could cre­ate “the per­fect storm,” leav­ing in­vestors with a choice be­tween with­draw­ing more from a shrink­ing port­fo­lio or cut­ting spend­ing to try to pro­tect their nest eggs even as prices rise. + +Here are steps re­tirees can take to im­prove their odds of mak­ing their money last: + +Cut spend­ing when mar­kets de­cline + +The 4% rule would have pro­tected re­tirees from run­ning out of money even in the worst 30 year pe­riod since 1926 in which to re­tire, which turned out to be from 1966 to 1995, ac­cord­ing to Mr. Pfau. + +For cur­rent re­tirees, Mr. Pfau rec­om­mends for­go­ing in­fla­tion ad­just­ments fol­low­ing any year in which your port­fo­lio in­curs losses. + +“A very small change in spend­ing can have a dra­matic ef­fect,” said Mr. Pfau. + +For ex­am­ple, some­one who re­tired in 1966 and stuck to the 4% rule would have run out of money af­ter 30 years. But by spend­ing 3.8% to start in­stead, the in­vestor would have pre­served most of his or her orig­i­nal nest egg by year 30, he said. + +Man­age volatil­ity + +Peo­ple en­ter­ing re­tire­ment of­ten have 40% to 60% or more in stocks to help their nest eggs grow. + +A 2014 study by re­searchers in­clud­ing Mr. Pfau finds that those who start re­tire­ment by re­duc­ing their stock­hold­ings to 20% to 30% of their port­fo­lio and then grad­u­ally push it back up to 50% to 70% in stocks have the high­est prob­a­bil­ity of mak­ing their money last 30 years us­ing the 4% spend­ing rule.  + +Those who take a dif­fer­ent ap­proach, ta­per­ing stock­hold­ings from 60% to 30%, are likely to run out of money af­ter 28 years in the worst-case sce­nar­ios, ac­cord­ing to the re­search. + +Freelink: https://www.wsj.com/articles/when-best-and-worst-times-for-retirement-11661816598?st=7j8e5xbcjicz3ok&reflink=desktopwebshare_permalink +I will be renting a room next month at $600 and landlord is an elderly lady. Its inconvenient for her to withdraw from the bank so she prefers cash payment. However $600 is alot for me and I'm afraid of situations that may arise with the landlord claiming she forgets receiving payment from me. How do I ensure I have proof of any kind when I hand her the cash payment just in case? + +Update: I would like to point out that it's pretty common for older landlords to demand cash payment and their attitude can get pretty nasty (saying that you don't trust them and is being overly fussy when their previous tenants happily paid without demanding receipt) when you ask them for a receipt as I've encountered it before. I'm also afraid to upset them as renting from their property meaning you're at their mercy (they have access to your room and could evict you anytime). +Physical holdings, not REIT's, and not including your principal residence. + +Bought my first rental property 29 years ago, currently sitting on around 30% of my net worth in real estate (less than 30% cash, the rest in mutual funds and equities - though recent gains have made me consider upping my cash position). +Just thought I'd share this as I sometimes see health insurance issues here. + +I got a bill from a medical test that was taken in a doctors office that was IN NETWORK. A year later I got a bill for the test that they had sent out to a company in California that was not in network. + +I was about to just write a check and be done with it and decided to call and pay with my rewards credit card so it wasn't a total loss. I complained about the bill to the customer service rep I got and she said 'let me put you on hold because Florida has a No Surprises law'. While on hold I googled it and it passed in 2016. + +Since it was out of network but from an in network dr/issue the bill was zeroed out and I don't have to pay it. + +It was nuts. From a $400 bill to nothing and had I not called I would have been out $. + +There may be other states with this law so check before you pay. +Due to an administrative snafu, my previous employer overpaid me in the fall of 2017 to the tune of over $10k. We caught it before they did (if they ever would have) and reported it. They immediately reversed the entire deposit and deposited the correct amount. + + +Fast forward a few months to Q1 2018 when I am doing taxes. The W2 from that employer is incorrect, with the error being exactly the amount of the revered overpay deposit. I call the employer, who starts working with ADP (payroll processor) to get it resolved. I wait, and I wait, and I call for updates and get none, then I call the IRS. They tell me to go ahead and submit the correct W2 info while the employer gets their act together. So I do. + + +Mid 2018, I change jobs and move. Now, fall 2019, I get a underpayer letter from the IRS. You guessed it, the employer didn't ever get the W2 fixed, and now the IRS proposes that I owe them $4k of tax and interest. So I submit my paper trail as requested, to include emails back and forth, bank records showing the deposit and reversal, etc. That wasn't good enough, according to the response that came this month. They want the correct W2. The letter I sent them with my response explained that I had tried and failed to get the W2. + + +I called my old boss at ex employer this week, and they don't care. Talked directly to the payroll dude, and he was going to try again to talk to ADP. Radio silence since then. + + +As far as I can tell, my next step is to file the paperwork to allow the IRS to directly approach the employer about the W2. I'm not really getting a warm and fuzzy about this, though. What is going to happen if the employer ignores, lies about, or otherwise mistreats this request? Is there anything else I should do, other than start recording calls (one party state)? +I know this isn’t the right subreddit for this, and that a lot of people are just gonna say that we should’ve never used Coinbase or GDAX, but this problem goes far beyond the normal issues. + +A transfer from an external wallet/platform to GDAX appeared in all of our Coinbase accounts, and then said that it transferred successfully to our GDAX accounts, but then never showed up in our GDAX accounts. So it would appear our money is gone, because our balances are zero. We’ve all opened tickets with support with absolutely no responses, posted on their subreddit, and called to only be on hold for hours without any help. I really don’t know what else to do except try to get us on the front page of a bigger crypto community. + +More details about this issue are here https://www.reddit.com/r/CoinBase/comments/7mx88o/urgent_coinbase_to_gdax_transfer_disappeared/?st=JBUBPP35&sh=a19f1463 + +Thank you so much for your help to anybody who can spare an upvote to bring some attention to this. + +If anybody from Coinbase finally wants to help, my support ticket number is 3221822 + +UPDATE: there’s a comment response from the Coinbase CEO, saying they’ll get to our tickets. Since I doubt they’ll respond again to me (and my balance is still 0 on GDAX so basically this whole issue was still not enough to fix our problem) - here’s my response: + +What proof do I have that my coins are not lost? My balance on GDAX is 0, and my LTC balance on Coinbase is 0. This kind of thing should be a priority issue if people are getting balances of 0 on GDAX with an automatic send to their wallet transfer from Coinbase to GDAX like this. I’m even more frustrated that with 3.5k upvotes and a response, my LTC balance is still 0 from an error on their side. + +One last clarification: I do not have any pending transfer issues (these I’m familiar with an have learned to wait). The transaction on the blockchain finished, the funds even appeared in my Coinbase account. The automatic transfer from Coinbase to GDAX (which has happened at least 5-10 times with no issues for me) this time withdrew the money from my Coinbase account and said the deposit to GDAX was completed. But my balance is 0 for LTC on Coinbase and 0 on GDAX, so this last move to GDAX (which is supposed to be instant, and says completed) zeroed my LTC balance. My balance has been 0 LTC for over 3 days now. This has nothing to do with their wire transfers, although I really feel for everyone still waiting on their withdrawals and hope they resolve that soon. + +UPDATE: it’s been 4 days and still missing all of my LTC + +UPDATE: 5 days now. No more holidays. I have no faith in crypto exchanges anymore. + +6 days now. What a joke. I’ll post the next update in 6 months when my support ticket gets addressed and if I’m lucky they’ll fix our problem. + +FINAL UPDATE: Fixed finally after 6 and a half days. My account has been transferred the litecoin that were missing, thank you so much everyone on reddit for bringing attention to this. I really owe everyone because I had no power at all over this situation and I like to think this post helped get Coinbase to at least address this issue. It would appear others are still having problems with this Coinbase to GDAX transfer, or at least haven’t had their missing coins returned yet, just as an FYI. Thank you so much again everybody!!!! +This morning at 8:30am eastern it was announced that the US Consumer Price Index had reached '7%' Year over Year and 5.5% YoY excluding food and energy. However there are a lot of analysts and economists thinking this year with fed rate hikes that they should hopefully slow down this high number. + +*US Dec Consumer Prices +0.5%; Consensus +0.4% + +*US Dec CPI Ex-Food & Energy +0.6%; Consensus +0.5% + +*US Dec Consumer Prices Increase 7% From Year Earlier; Core CPI Up 5.5% Over Year + +*US Dec CPI Energy Prices -0.4%; Food Prices +0.5% +This seems like passable legislation in this climate: https://www.sfchronicle.com/business/networth/article/California-lawmakers-propose-a-15482011.php + +If you're affected by this, how would you react if it passes? +Latest update in my process of transferring to Fidelity, I asked them to resubmit my transfer of [assets request which after Chase finally told me they rejected it](https://old.reddit.com/r/Superstonk/comments/muslxz/my_transfer_from_jpm_to_fidelity_was_rejected_for/). + +So I called Fidelity, their customer support was fast and courteous and they refiled the request within 10 minutes yesterday. + +Now I called Chase bank back this morning and my **REQUEST WAS CANCELLED AGAIN**. I ended up spending *1 hour on the phone* with their customer support before they finally admitted that they cancelled it erroneously and they're now asking me to resubmit the transfer. + +They continue to be evasive and delaying when transferring my GME shares. They won't give me a straight answer about why they are rejecting or taking too long. Also these rejections have all been silent, without them notifying either Fidelity or myself. They're just trying to sweep it under the rug and prevent users transferring out shares. + +Fuck Chase bank. + +**EDIT** Have now asked Fidelity to resubmit the transfer request for the **THIRD** time. Ball is in Chase's court again. + +**EDIT 2** Another hour on hold with Chase and no real response from them. More delays and evasions. The amount of anger I am feeling at this company right now is hard to put into words. + +**EDIT 3** Called again and they hung up on me. ~~Audio recording from latest call with hold times and identifying data edited out~~ + +**EDIT 4** Deleted recording link + +**EDIT 5** Since this gets asked a lot, here are my reasons for leaving YouInvest: + +* JPM's risk exposure to Citadel/GME squeeze is too high for my comfort. I consider that there is a high risk their broker fails in the event of a GME squeeze. When they raised $13 billion in bonds last week it seemed too coincidental and risky for my comfort and prompted me to move my position out. +* Their web UI enforces arbitrarily low sell limits ($1000), and you have to call customer support to place orders over $1 million +* Terrible customer service +* They denied my application for level 2 options trading several times with no explanation. I was able to get the same approval on Fidelity within the same day I opened an account. +* No after hours trading support + +**EDIT 6** after about 6 more calls and threatening to file a complaint with the CFPB they **finally** started the ACAT transfer of my GME shares into Fidelity. I also sent them a link to this thread which may have helped. +We backed out of our LOI and now the strategic buyer came back with a more reasonable offer. However, my investment banker and currently attorney are butting heads. Our attorney has M&A and tax experience, but is lacking in software experience. However, we like working with our current attorney because he really cares about the transaction and has very reasonable rates. + +This week, we interviewed 2 law firms that specialize in M&A (US-based), but both gave us an estimate of $150k - $200k for the entire transaction. One of these two firms worked with our acquirer as their buy side attorney in the past. + +Curious if any of you who has been on this road before can provide any advice on the following: + +1. Is $150k - $200k what we should really expect from big (East Coast) law firms for this transaction? Our current attorney estimates the bill to be $50k - $75k. Since we know we are not getting market rate for this acquisition, we really do not have the appetite to spend so much for an M&A law firm. +2. I am here to seek recommendation on an experienced US-based M&A attorney you have worked with experience in SaaS and software with more reasonable pricing closer to what we are expecting to pay our current M&A attorney. +3. Do SaaS / software M&A transactions vary significantly from other M&A transactions that we really have to replace our current attorney and pay 3x the cost for big name law firms. +https://www.cnbc.com/2020/08/25/jeremy-siegel-coronavirus-spike-in-the-fall-wont-derail-stock-rally.html + +A spike in coronavirus cases this fall would not seriously impair the stock rally on Wall Street, according to Wharton School professor Jeremy Siegel. + +"It's not going to be a serious correction, not anywhere again down near those March lows," Siegel said on CNBC's "Squawk Box" on Tuesday. + +Siegel believes value stocks may outperform tech next year, but added that there is "room really for both groups to go up in 2021." +What has changed? Really? Everything that made you buy Z1P is still there. Quadpay American expansion, UK coming next year, visa integration. + +Westpac selling their stake means that huge institutional investors BOUGHT their shares at a price north of 6 dollars. They would only do that if they saw long term growth potential. + +Z1P probably will be red for the next few weeks, but it clearly isn’t overvalued if INSTOS are paying 90% of the market price. + +Use your heads + +Z1P 🚀 +I am long on Suncor to start off, but I want this discussion to stay unbiased. + +I can't understand how the current share price is still under $22? They are an absolute giant with mountains of cashflow, yet seem detached from the rest of the energy market. With the current price of oil hovering around $55 and likely on it's way to $60 ( http://ca.investing.com/analysis/chart-of-the-day-this-trading-pattern-shows-oil-is-heading-toward-60-200446695 ), does anyone have any insight? + +Suncor has stated openly that oil @ $35 covers costs and dividends. We have been above this price thoughout the quarter. With an average price target around $28-$30 and strong possibility of dividends increasing with tomorrows earnings report, it seems like a no brainier right now at current prices. + +https://www.tipranks.com/stocks/tse:su/forecast + +https://www.marketbeat.com/stocks/TSE/SU/ + +Analysis in the last few weeks regarding earnings predictions seems positive as well with price targets raising. Interested in all opinions, thanks! + +https://www.nasdaq.com/articles/why-earnings-season-could-be-great-for-suncor-su-2021-02-02 +Basically the title. What are, in your opinion, the best value add moves to make, and what is there value? + +Ie: are you looking for an opportunity to add a bathroom or shower? What is the value for that? Are you trimming costs? If so how, and where are the most cost efficient places to do so? +What's an unusual piece of advice or something you figured out that's helped you save more money? + +Edit: thanks so much for all the tips! I made a summary post [here](https://www.reddit.com/r/UKPersonalFinance/comments/qh1zex/helpful_savings_advice_12_tips_summary/?utm_medium=android_app&utm_source=share) :) +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 just listened to Peter Schiff on the latest episode of JRE and I want someone with a knowledge of economics to weigh in here. Schiff says that the US is in major trouble with hyperinflation, unsustainable debt and a currency crisis on the horizon. He predicted the Housing Bubble and the GFC so is this a likely outcome and how will it affect Australia? Or is it catastrophizing the situation and another case of “a broken clock is right twice a day”? +***A brick-and-mortar video game retailer in the time of digital downloads will go up to unimaginable heights while the entire stock market crashes.*** + +That's MOASS. Now, for a minute, take back everything you learned from here, **everything**, and just see how stupid and absurd that statement was. + +Now re-incorporate all the information you've learned and re-realize that it's precisely the absurdity of this scenario that the bettors on the losing side made this all possible. + +Who cares about video games discs? People download games these days. Gamestop will fail soon -- short it. + +Even if there is still some demand for video game discs, there's Amazon to deliver it to them anyway. Gamestop cannot deliver at that scale -- short it. + +Gamers are a small subset of the economy. They're just a bunch of basement-dwelling nine-to-fivers earning minimum wage so they don't matter. Gamestop cannot make money off of these monkeys even if they tried -- short it. + +Gamestop only has 76M shares outsanding and is just a few dollars away from becoming a penny stock. If we keep the selling pressure even deeper, it'll go down to $0, especially because nobody will go to their stores during COVID-19 -- **naked short it**. + +&#x200B; + +Well, ok. + +&#x200B; + +Except that high quality games take too long, way too long, to download. + +Except that Gamestop is now following the Chewy model of delighting a dedicated niche. And that very model has beaten Amazon in that market. + +Except that many gamers aren't actually basement dwellers, but healthy individuals with disposable income they can use for recreation, and now they can use that money for investing in Gamestop. Even further, they will work overtime and sell their blood to buy some more. Even more again, these gamers have developed the dedication, patience, and perseverance needed to scour the internet for information to figure out tricky gaming scenarios as kids and now, these adults and young adults will use that very skill to figure out the games the suits play at Wall St. to clear this stage. + +Except that because a portion of that 76M shares are already owned by insiders and institutions, only the remaining fraction is needed to be registered in the company books. Once completed and there are still shares held in brokerages and omnibus accounts, then the supposedly basement dwellers will have pinned the suits in a checkmate scenario, irrefutably proving that more shares have actually been sold than exist, in other words, that they just said trust me, bro, then stole the investors' money. And now, they will have to buy it all back at potentially unimaginable prices until they are liquidated. + +So, if people are laughing at you now for investing in a stupid video game retailing company, just remember that you can either put up with it, or stay quiet, but it will not change the fact that the premise of MOASS is as solid as diamonds can be. + +The shorts can only say weightless arguments against Gamestop, because they know that if they address point-by-point everything that has been said about the MOASS thesis, then they are just going to open a can of worms for themselves, because none of their arguments make more sense than the best of the basement dwellers' research. + +Sure, they can call it again as one of those silly old conspiracy theories, it's easy enough to make one after all... but they almost always don't include multiple repeated calculations, internal debates, and government agency reports supporting them. +It's odd that for months, there have been so many posts about 'popular times' in regards to Citadel. We've laughed, been shocked, been amazed. + +But tonight, I have seen SO MANY posts and comments about how it's 'getting old', 'boring', 'annoying'. It's interesting because for months the whole sub has enjoyed these, but tonight of all nights (002, T+21) all of a sudden it's offending some people. + +If you don't like it, scroll on. You'll be alright. I, for one, love it. It confirms my personal bias. Why are they working this late if they covered? After hours market was done almost two hours ago... +I will try to make this quick. My father and I both have the same name, except my parents added the Jr. suffix to my official title. My father does not use a suffix. Neither of us have middle names. My father filed for Chapter 13 bankruptcy in 2016 after he became permanently disabled. In May 2018, Equifax reports to have received notification of a bankruptcy and has mistakenly applied the Public Record to my credit report as well. + +Now is where the fun begins. + +I file a dispute with Equifax in 2018 after the bankruptcy appears on my credit report. They close the dispute and have determined that the bankruptcy has been correctly assigned to my report. Oh Jesus, here we go. + +I call Equifax again and I'm told that the Jr. suffix does not exist in their records and I will need to send correspondence with an official cover letter and pertinent official documents (Birth Cert, SS card, License, Utility Bill, etc.) asking them to add the official Jr. suffix that is on ALL of my documents since birth. + +After a week, I call Equifax again. They claim that my address on the fax that I sent them was illegible and they cannot complete the request. Great, now I need to re-do all of this because their printer is out of toner. + +Equifax also tells me on this phonecall that they can see the bankruptcy is filed under my father and has also been applied to my credit report. But the woman I spoke with cannot do anything about it other than file another dispute, which she doesn't review, and will not disclose to me who reviews it. She advised me to contact the United States Bankruptcy Court to obtain a letter stating that the bankruptcy is my father's and not mine. + +So I call. They don't provide, and have never provided, such a letter to anyone. I am then advised to enter the court records and purchase copies of anything that could maybe help me. + +I am currently writing 2 cover letters. One for the Jr. suffix addition, and one for the incorrectly assigned bankruptcy. I have printed out anything from the court records that shows my fathers SSN and his name on the same page because I cannot trust Equifax to do any investigation of their own. I will be sending these packages by certified mail this time, and not fax. + +&#x200B; + +If anyone has any advice or guidance, please let me know. I'm 25 years old with a great job and I cannot buy a car, I cannot buy a house, I cannot buy a ring, I don't qualify for ANY credit cards or loans. My entire future is on hold because Equifax refuses to fix their mistake. Here's the kicker, Experian and TransUnion both have all of my information recorded correctly! Its just Equifax, the turds that exposed almost every American's identity in 2017. + +&#x200B; + +EDIT: Update\*\* Thank you everyone for your amazing advice, personal stories, and informative explanations of what's happening to me and the processes to fix it. I will be filing complaints with the FTC and CFPB immediately. The reddit community is truly amazing! I will keep everyone updated with the status of my situation as it moves forward. Again, thank you to everyone who upvoted and commented, it really means a lot to me. + +&#x200B; + +EDIT: Update#2\*\* Hey everyone! So I have sent the two correspondences I was writing yesterday via certified mail & return receipt. I have also filed a complaint with the CFPB. The FTC website seems to just redirect you to the CFPB when filing a credit complaint on their website. Maybe I will file one under the "other" tab for the FTC's complaint system to receive a separate ding. + +I have not spoken to an attorney quite yet, but if this is not resolved once I receive my return receipts (hopefully next week) I will most definitely be speaking with / hiring one immediately. A very kind redditor has also provided me with some executive emails to escalate this further once they've received my correspondence. + +I was at my wits end with this whole ordeal, and all of your support and advice has really softened the blow. Thanks again! I promise to keep updating all of you! Stay kind! + +&#x200B; + +EDIT: Update#3\*\* Hello again, I have just mailed out my request for my LexisNexis Full File report, apparently disputing and correcting information with them is a helpful way to ensure false information doesn't appear on any other background checks or credit reports in the future. + +If anyone has any tips on how to prove that they have never lived somewhere. Please let me know. I'm stumped. +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) +https://www.unclaimed.org/ + +This is a clickable map of the US; each outline takes you to your state's government-run website for unclaimed property. This isn't a bunch of for-profit third party stuff; this is literally just an easy to use state-by-state guide to looking into any funds you may not have realize are owed to you. + +Happy tax season, PF! + +edit: wow, I thought this may just catch a few people before disappearing into the ether. Pleasantly surprised to have underestimated the post and really shocked by the coins. Thank you! +Any advice for a financial newbie, I've been living paycheck to paycheck so far doing freelance photography work and have no idea how to save and invest and all that good stuff. + +What are some of the first things I should get?? Health insurance?? Start investing?? A bunch of cocaine?? + +Also I'm 27 and feel super behind because of my age. I'm on mobile so sorry for formatting. +I recently completed a somewhat unique deal and wanted to share it with the sub since I have benefited from the in-depth reviews of others, and because I relied on others in the sub to help me shape the deal during the negotiation period. +In 2017, I purchased my first property, a dilapidated duplex for approximately 150k. I spent about 60k and lots of my own time fixing it up and it appraised for 275k. I pulled all this money out and bought another house, then another. In late 2018, I learned that the person from whom I had bought the original duplex was liquidating the rest of his portfolio, and had three more properties to sell, one of which was in the immediate area and two others about thirty minutes away. I drove by it—another duplex in terrible shape. The hunt was on. + +The mortgage broker who sent it to me told me that he thought of me because the property was a “problem property.” I have developed a reputation with others in the real estate community for having an appetite for large renovations or riskier investments that require some TLC to bring back to rentable shape. + +The property was located in a C+ neighborhood that had probably been a C or C- neighborhood five years earlier. Fortunately, I had lived in a slightly nicer enclave of the same community in the past, so I was familiar with the upward trend in the resident profile. The property had a significant foundation problem. When the original builder had created it in the early 1980s, he had improperly backfilled the foundation with fill dirt and failed to compact it. Combined with the fact that the property was built on a relatively steep slope, the house was “crowning,” or slowly crushing its own slab as the exterior walls were sinking into the ground. This led to a noticeable slant in the basement and a host of other structural problems, which the owner had previously attempted to fix via the cheapest possible methods. There were also some water intrusion issues in both units, as well as a great deal of deferred maintenance. The two units were rented on the Section 8 rental program at $875 and $895 per side for a total rent of $1770.00 per month. + +I requested the property management company’s records and realized that the owner was losing money or just barely breaking even over the past four years due to inefficient management, high repair costs, and under-market rents. I also discovered the following facts about the property: + +* The owner was selling because he was 70+ years old and wanted to divest himself of his real estate holdings. He is a serial entrepreneur that simply lost interest in residential projects. His net worth is likely over 5MM. +* The property was secured by a mortgage of $739 per month, which was part of a portfolio note on the other two properties he had, which I did not want to buy. +* The existing tenants were on month-to-month leases. +* The seller wanted $200,000 for the property. +* The seller was willing to consider creative financing solutions to allow the transfer of his structurally compromised property. +* The realtor handling the sale was the seller’s son. + +With these pieces of information in hand, I consulted with /u/GringoGrande to develop a plan of attack. I submitted the following offer: + +* $185,000 on a note with a 5 year balloon term. +* Seller would loan me $50,000 at a 6% interest rate to cover the structural repair. +* I will pay the approximately $250/month interest throughout the term of the note, which would also be five years. +* I will pay the $739.00/month mortgage or else pay the money directly to the seller during the interim. +* I would assume property management duties as of the date of the sale. +* I would pay a 6% commission to the seller’s son. +* I would cover any repair costs over and above $50,000.00. + +I attached some photographs of the renovation I had completed on the seller’s previous property as evidence of my ability to manage a large renovation project. I also included an engineer’s report specifying the extent of the foundation problem. + +In a couple of days, I received a call from the seller, which included the following objections to my offer: + +* He needed something closer to 200k. + +* He couldn’t transfer the property without a big cash payment to offset the note because his residential properties were cross-collateralized. + +* He didn’t want to loan me $50,000 for a term as long as five years, but he could do it on a shorter term if I showed credit-worthiness. + +* He wanted his son to receive a commission on the property. + + +We went back and forth over the next several days as I tried to overcome these objections. Of particular annoyance was the seller’s “mortgage consultant,” who tried like hell to stymie my efforts and then, when he saw that I was going to get the seller to agree, attempted to get me to pay him a 2% origination fee to submit an application to a local bank for me for a loan product I could have easily received myself. A lesson learned here was to try to cut out intermediaries and hangers-on from the seller. If I had requested a one-on-one meeting, I think I would have had an easier job. + +The ultimate terms of the deal were: + +* A purchase price of $240,000.00. +* The seller would reimburse me for up to $45,000.00 in repairs provided I submitted receipts and lien waivers from subcontractors. I was responsible for anything over that $45,000.00. +* Seller requested copies of my tax returns for the past two years and a personal financial statement. +* The closing date was set six months in the future. +* I had the right to early possession, right to receive existing tenants’ rents, and I had the right to install new tenants and would receive those rents from the date that my earnest money deposit went hard, or 21 days after ratification, when I needed to waive the inspection contingency. +* I would pay $1000.00 per month to the seller for every month prior to closing. + +I had an inspection of the property by a structural engineer in my pocket which told me the cost of those repairs would be around $40,000.00. I knew I could fix the rest of the house up very well for another $40,000.00. With reimbursement, my purchase price for the house was $195,000 plus approximately 5k closing costs. My goal was to get out for $240,000 on the property, rent it for $1250 per side, and own a house worth $280k in an appreciating neighborhood. This would be a very well-performing property in the well-recognized town where I live, where housing prices are quite high in comparison to cost of living. Small multifamily properties generally trade at 0.75 to 0.8% monthly rent to purchase price. This would have been about an 10% CoC return, 14% including principal paydown. Not great, but good for my market, and the property was ten minutes from my house and in an improving neighborhood. + +I ran into a few surprises along the way, to include some very weird plumbing in the basement and a full roof replacement, but I accomplished a nearly complete renovation for about 100k minus 45k reimbursement. The rough breakdown of costs is below: + + + +Item| Cost | Notes +---|---|---- +Roof | 7k | full replacement with some decking +Structural| 43k | 3/4 underpinning, waterproofing, retaining wall fix, replace some framing +Electrical | 2k | trim out, add some lights & outlets +Plumbing | 4k | replumb washer/dryer, new fixtures, add dishwasher +Carpentry | 10k | retaining wall, framing, add fir shutters, rebuild deck +Flooring | 10k | Coretec LVP w/ new shoe molding and transitions approx. 2500 sq. ft. +Holding Costs | 5k | Utilities, rent to seller +HVAC | 2k | disconnect, repair, reconnect after underpin +Painting | 10k | interior and trim, exterior siding, trim, shutters +Dumpster | 2k | 4 dumpsters +Tiling | 2k | backsplashes in kitchen +Appliances & Windows | 4k | two dishwashers, fridge, bathroom vanities, toilets, two new windows +**Total** | **101k**| + + +The 101k figure was somewhat offset by rent I received during the interim from the two section 8 tenants, which was about $1000, plus half a month from my new tenant of ~$700. + +I received a ton of interest in the property during the six months the renovations took, so I knew I had shot too low on the rent in my initial projections. I ended up renting it to two families who were referred to me by current tenants at other properties. The total rents were: $1325 for one side and $1450 for the other. Total rent is thus $2775.00 per month. + +I financed the purchase with a local bank with whom I have a pre-existing relationship. Terms were 15% down, 4.5% 5/5 ARM, 25-year amortization with no balloon. Backing out 7% for vacancy, 6% for maintenance, plus insurance, taxes, HVAC maintenance, and hiring out all the yard work, my cash on cash was 10.63% and principal paydown included was 15.28%. Total investment was 97k including $6200 closing costs, 36k down payment, and 55k repair. There was a substantial tax benefit associated with these repairs and improvements, also. + +This is a good result, and I could have stopped there. But keeping in mind a mantra I had heard from Peter Fortunato and other investors, I started thinking about the “deal beyond the deal.” A family member had recently sold a house and downsized to something smaller as they were nearing retirement. I asked them what they intended to do with the money and they said it was sitting in a savings account earning 1.9% interest. I proposed that they lend me $50,000 of their cash on a note at 7% interest for 5 years. They were pleased to earn a monthly income in excess of a bond return without worrying about fluctuations in the stock market. $50,000.00 at 7% yields a monthly note payment of $291.67. This decreases cash flow from 10.3k per year to 6.8k per year. However, it boosts my return significantly. Final figures on the deal are 14.5% cash on cash, 24% including principal. The house appraised for 330k, and I have no doubt I could sell it for more today with $2775/mo in rental agreements in place. In addition to the cash return, I accumulated about 45k in raw equity before transaction costs on the sale. + + +What made this deal possible: + +1. **Deal Source**. I only heard about this off-market deal because I had previously instituted a “referral program.” I told all my subcontractors, including my mortgage broker, that I would pay them $500 for any deal they brought me that closed. I stole this idea from someone on the sub a few years ago, or heard it on a podcast. I wondered whether the small amount would motivate people, but calling or emailing me with a potential lead is easy enough, and I have received several promising opportunities already through this simple program. I highly recommend it. + +2. **Creative Deal-Making**. The seller and I worked together to create a solution that created more value for both of us. He couldn’t sell the house without the repair being done because no bank would finance. I couldn’t buy it at the price he wanted and cover all of the repair costs out of pocket because it represented too much risk and too much money. We met in the middle, in large part due to the relationship I had with him already where I had closed on a property in terrible condition and turned it around. + +3. **Change course**. When it became apparent that I could spend a bit more money to dramatically change the interior appearance of the properties (flooring, backsplashes, paint, new trim, new sealant on basement slab), I did so, despite deviating from my original plan. This allowed me to charge a rental premium over competing properties in the area and attract a higher income tenant pool. + +4. **Strong network of subs and engineers**. I work hard to develop these business relationships so that I can tackle big projects like this with confidence. When I get an invoice, assuming all the work is complete to my satisfaction, I write the check and mail it that day. If they invoice me electronically, I pay within an hour. I also send them a small cash gift at Christmas and invite them over in the summer for a cookout with their families. I read in the book “Landlording on Autopilot” that for many contractors, this is the closest thing they get to an annual office party where their hard work is acknowledged. This sounds kind of cheesy, but many of my contractors have become friends and they have told me directly that they look forward to attending the event each year. None of these things are earth-shattering and they amount to less than $1000 per year. For people not in the trades, you would likely be surprised at the abuse they endure from homeowners and general contractors alike. At several points in the project, I was able to trade on this relationship to get things done faster and/or cheaper than a normal customer would. I try to treat my contractors with respect like I would anyone in my professional career. They are the foundation of my successes on value-add projects. + +Undoubtedly someone will observe that this is a lot of work for a 14.5% deal. No doubt! If there were easier opportunities to purchase properties in my area that earn 14.5% CoC, I would pursue them instead. If there are, they are very difficult to find. I did very little of this work myself, and mostly directed people on what to do from my computer, which is where I sit all day anyway. Out of curiosity, I searched and realized I sent or received 350 email chains relating to the project. I learned even more about structural fixes, which is a fix niche on which I want to focus in coming years. I certainly made some mistakes along the way, but I am pleased with the final outcome, and believe I will be able to raise rent on both units by 3% next summer. + +I encourage people to continue to think outside the box and write “weird” offers if they make sense to you and seem to solve a problem for the seller. I would have laughed at the letter I sent the seller two years ago because it was so strange, but he was receptive to its key points and we ultimately struck a deal that left both parties very pleased with the transaction. +I hope this write-up has been helpful and good luck to all of you in your real estate endeavors this fall! +I am usually situated in Dublin, Ireland but also open to invest in other EU markets: Netherlands, Germany, etc. I really want to create an investment strategy for myself where I try to invest into multiple residential properties over the next 10-15 yrs. I want to inform myself more about this topic by learning how to eg. request multiple mortgages, what market indicators can I best look at when investing, etc. Can someone help me with how I can best inform myself to start creating this investment strategy. Are there certain resources I can look at, are there people I should network with? How do I get the ball rolling? +I'm reaching out to this sub, as well as people I know, real estate meet up groups, and biggerpockets for advice on formulating a concrete plan. + +I have $10k to start right now. But, I continue to save 50% of my income, as I moved back home to save. + +It seems like my best options thus far are partnerships, house hacking and BRRRR. I live in California and so buying here to start might not be a wise option. + +I plan to buy in another maket, perhaps the Midwest. I plan to reassess in a few years to see about trading smaller properties for fewer bigger ones. + +What do you guys think? What's the best way to do this? Should I look for 20 properties at $250 per door or see if I can put more money down for 10 properties at $500 per door? Is this a crazy goal? + +Thanks in advance. + +Edit: Looks like this post got a few comments. SO! Here are my thoughts: Whenever you create a goal and explicitly put it out for the world to see I notice two things: some provide encourage that it can be done and some temper expectations that it cannot be done. Both are invaluable perspectives, and I value them both. But, that means ultimately one is right and one is wrong. I think it is up to me now to choose which group is right. And I also invite you all to create this same goal for yourselves. If you have $2k per month now, bump it up to $5k by 2025. If you have $0K now, then you're like me--go get that $5k. We are all going to be 6 years older in 2025 anyway, let's have a little bit of passive income by then to show for it. Good luck! :) +EPFO hasn't paid interest for previous year yet - isn't that a loss as you would loose cumulative interest ? This is bad also for the people who are doing VPF isn't - (something i wanted to check as an avenue). + +[https://www.thehindu.com/news/national/entire-epf-interest-amount-likely-to-be-credited-today/article33460418.ece](https://www.thehindu.com/news/national/entire-epf-interest-amount-likely-to-be-credited-today/article33460418.ece) + +Have people received it ? +EPFO hasn't paid interest for previous year yet - isn't that a loss as you would loose cumulative interest ? This is bad also for the people who are doing VPF isn't - (something i wanted to check as an avenue). + +[https://www.thehindu.com/news/national/entire-epf-interest-amount-likely-to-be-credited-today/article33460418.ece](https://www.thehindu.com/news/national/entire-epf-interest-amount-likely-to-be-credited-today/article33460418.ece) + +Have people received it ? +Most of us use either a full brokerage service from a bank or a discount brokerage. +But what about the big market players who actively invest? and Institutes? +to brokerage accounts for lending, shorting , general fookery. And it’s also to get people to stop DRSing now, and to scare them from DRSing the splivvy shares. I’m certain. The entire premise of being mad about it is ridiculous. Even at the reduced limit, it’s still way higher than most brokers limits. They must really be on the ropes, time to deliver the knockout blow with more Buy/HODL/DRS/Shop. Apologies in advance but I plan on reposting this in couple other places. +It’s a clever , but will not work. Apes are too dumb. Now LFG!! 🚀🚀🚀 +Hi all, + +I got my tax return in early March and wanted to spread it out with some in savings, some paying off bills, and some in the market. The market had started collapsing and working in tech, I saw Cisco and Zoom as potential "breakouts" as we had just gotten notice we would be working only remotely. Well...here we are. I have a very nice short term return on that decision but now I'm a deer in headlights wondering what to do. Or should I just do nothing? My thought at the time was that this was going to change office work forever and force a shift to more remote work, meetings, etc. + +&#x200B; + +Edit: Thanks everyone for your feedback. This was my first post here and I learned a lot as a complete novice. Ultimately, I made these buys when I did as I thought COVID would signal a permanent shift as it relates to technology in the office and I still feel that way. The amount I invested was very modest, and I did so as the market was basically bottomed out, so I'm just going to hold for now. +Hi guys, please feel free to feedback on my current ETF holding would really appreciate to get insights/suggestions from the investors here much appreciated + +1) ARKG (ARK GENOMIC REVOLUTION) + +2) AWAY (Travel Tech) + +3) CQQQ (INVESCO CHINA TECHNOLOGY + +4) ESPO (VANECK VIDEO GAMING ESPORT) + +5) ICLN (ISHARES GLOBAL CLEAN ENERGY) + +6) JETS (US GLOBAL JETS) + +7) LIT (GLOBAL X LITHIUM & BATTERY) + +8) MSOS (PURE US CANNABIS) + +9) QQQJ (INVESCO NASDAQ NEXT GEN 100) + +10) VEA (VANGUARD FTSE DEVELOPED) + +11) VTI (VANGUARD TOTAL STOCK) + +12) WCLD (WisdomTree Cloud Computing) + + + +VTI accounts for 24% and the rest of the ETFs account for around 7% each. Thanks again for looking at this +I just wanted to put a PSA up about this guy. He messaged me after I made a post in this subreddit about wanting to invest with him on something called Binary Options Trading. + + + +Seems like a scam and he's messaging people who might have some spare cash. Sorry if this is against the rules. +**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? +Hi! The question is serious. I am a "trader" interested in algotrading and investing more of his time into this domain. I understand pretty good the financial markets, but my only results are from a portfolio management perspective. I know that this industry is harsh as f\*ck and the only constant is "change". (plus the concept of a minus sum game in short term discourage me). + +I am seeking some advice or opinions from people with experience if my time (6h+ per day) would be spent better in other domains or in algotrading. (I want to take this business seriously). + +So far, I met people with over 10 years of experience (both winning and losing years) that discouraged me, and people with a maximum of 2 years in this domain that have over 70% annual return (only in bull market), that encourage me. + +I seek to make money and behave around algotrading like a business. + +Thanks for your advice! +The dentist's office confirmed they accepted my insurance over the phone. However, when I got there for my appointment and they did the preliminary mouth check, they told me I'd require a different kind of cleaning procedure which my insurance wouldn't cover and I'd have to pay out of pocket for it. I needed it done, so I agreed, got the cleaning, paid and left. + +A few weeks later I got a call from their billing department telling me that I owed them some money for the visit. I told the lady I had already paid out of pocket. The lady checked the system, told me I was correct and we hung up. + +This got me thinking. I called my insurance to see if the dentist's office had filed a separate claim. They confirmed that a claim was indeed filed, and that they had paid the dentist part of the procedure fee. The dentist's billing dept was reaching out to me to collect the balance. + +My insurance provider has confirmed that this is fraud, which the dentist's office committed knowingly since the billing dept lady didn't mention to me that they had filed a claim. + +I can just call the dentist and ask them to refund me the whole amount, or what ever they collected from my insurance, but I'm pissed that they did this, and want to see what other options I might have? It's not right that they're scamming people like this! + + +**Edit**: Thank you guys. I was pretty upset after talking with my insurance today. But after going out for dinner and coming back to the responses here, I feel... more calm. I'm going to speak to my insurance and dentist tomorrow. My insurance's benefit summary says that cleanings are covered 100%. I'm going to talk to them and find out exactly how much I should have paid for the type of cleaning I got, and then call my dentist and speak to the dentist herself and explain the situation. I'll take it from there, and If they give me a hard time refunding my money, I'll threaten to report them to my state's insurance commission and dentistry board. + +**UPDATE**: Jesus Christ insurance is so damn convoluted. I spoke with both my insurance and the dentist's billing department today. I got the full bill from the dentist's office, and the claim they filed with my insurance. In summary, what I got done at the dentist was: + +* A Full Mouth Debridement (FMD)- This is the 'deep' cleaning, and it is 50% covered by my ins. + +* Intraoral and panoramic X-rays (only one X-ray is covered 100% per 6 month period) + +* Comprehensive oral examination (100% covered) + +What I paid for out-of-pocket was additional stuff they had to do to perform the FMD, stuff which isn't covered by my insurance: + +* Irrigation per quad x2 + +* Peridex + +* Orquix + +* Panoramic x-ray; The intraoral x-ray was the one covered 100%. + +The claim they filed with my insurance was for the comp exam, x-ray, and FMD, and they got the pay out for the portions that my insurance covered (the codes check out). And the rest I was responsible for out-of-pocket. + +There's nothing I can argue here. Unless I can prove that the additional stuff they did to do the FMD, stuff that wasn't covered by my insurance, was not required. Perhaps some dentists can fill me in on that? Otherwise there is no refund. + +That being said, non of this was properly explained to me at the time of the visit; I walked out with the simple understanding that my insurance wouldn't cover the cleaning, which is partly true. Like some of the people who have worked, or are working, at a medical office here have said though, because of how different insurance plans and coverages are, the office won't know about the full break down until after the claim has been processed. After which I feel like they just mess around with the numbers until they get their max monies. And the reason I say this is because what they billed my insurance, and the charges I was told and what I paid for in my bill are different. My guess is that they see what the max the insurance will pay out, and then mess with the charges for the other items on the bill to get their total? This is all speculation of course. Regardless, it's so fucking confusing, and unnecessary IMO. But that's a whole other discussion. + +Thank you again guys. I got some great answers here, especially from the people who tried to explain how the whole billing aspect of this process works. I found those insights interesting. I was ready with my pitchfork... But it turns out that this whole (insurance) system we have to abide by is incredibly complex, making it difficult for patients to make sense of what they're being charged for. +If you are familiar with the Tyranny of Choice, I have coined The Tyranny of Opportunity to describe my FatFire problem. + +I _can_ to.... Anything. + +Start the crypto idea? Ok. +Pursue the Metaverse idea? Ok +Launch the local honey ECommerce idea? Ok +Ignore it all, and focus on the day job? Ok +Do nothing and actually 'enjoy life'? Maybe + +And for each of them I have invested a lot of time, and a little money to prove enough that each one _could work_... + +And this causes me anxiety, and stress, and I swirl in my own thoughts. + +Perhaps analysis paralysis, but personal. + +Anyone worked through this, as they transition to the RE part of the story? +What title says. many many stocks are down 80%? Facebook netflix amazon which were not too long ago considered impenetrable are down 30% and more? Im not saying the worst is here yet but surely we have experienced a huge crash? +https://www.fool.com/retirement/2016/12/17/baby-boomers-average-savings-for-retirement.aspx + +With a conservative draw rate of 4% it makes me wonder if boomers are going to be a major drag to our economy as they get too sick to work. + +37% have less than $50k + +13% have $50-$100k + +14% have $100-$200k + +12% have $200-$300k + +9% between $300-$500k + +15% have $500k+ +Exxon mobile poasted a net profit of 5.5. billion this last quarter - more than doubling its earnings from a year ago. despite a 7% inflation (PPI and CPI are influenced by inflation right? maybe PPI was even slightly higher?). some say oil and gas are "gauging" customers. to what extent are their record profits a result of higher oil prices ? versus a villainous "profiteering"? +Fellow Europeans, + +For context, I'll provide some personal details, though I'd like to aim this post to a more general target audience. + +We are DINKs, late 20's, careers in tech and medicine, living in W-Europe with traditional social safety net perks. We are homeowners, have paid off cars, safety net of 6 months in cash. + +Combined (post-tax) income is 6k, and will rise to 10k+ when Mrs finishes her residency and starts her own practice. Country-wise we are in the 95th or higher percentile. + +Out of personal interest, I have done quite some reading over the years on investing/personal finance/... + +Now the question is, as we are very fortunate in terms of earning potential, have a high-risk tolerance (let's, for the sake of this discussion, assume we can stomach drawdowns of 50%) and have a 20+ year investment horizon, isn't there anything we can do besides pouring all excess cash into a VWCE or IWDA+EMIM portfolio? + +Though I find stock-picking interesting, it is common knowledge that it is hard to outperform a low-cost diversified fund. Real-estate I believe is time-intensive and also wouldn't necessarily outperform the stock market, leveraged ETFs are at a disadvantage by rebalancing daily, ... + +The closest thing I've found to what I'm looking for, appear to be margin loans, though I would need 100k+ to get interesting rates from e.g. IB. + +Are there any other options that I should consider? Or should I just accept the fact that the index fund strategy is the best I can do and stop reading about investing until my risk tolerance becomes lower and/or my investment horizon starts to shorten? Though I like it as a hobby, I don't want to invest time in e.g. stock picking if I know in advance that it is very likely to reduce returns. +As the title suggests I am worried I might (unknowingly) be committing fraud. + +Using a throwaway and without revealing to much identifying information, I have two employments. + +I have been made a furlough worker from "Job A" and will start to receive my 80% on Thursday. This job was my main earning job as this was full time 40 hours. + +I am still working "Job B" and I'm accepting overtime shifts. This is classed as a key job. My normal hours would be 9 hours but I have accepted an additional 18 next week. This is on full pay + +Am I committing fraud by working Job B and receiving my 80%? I have had the letter from my boss at Job A confirming I am a furlough worker. Both A and B know of my employment status and I have not been advised on the situation. For scale, A is a small family business and B is a large well known supermarket. Please can anybody better educated on the matter help me. + +&#x200B; + +Thanks + +&#x200B; + +EDIT: Just to add some more information, SOME of the overtime hours at B fall into my normal working hours of A, however my contractual working hours and other overtime hours fall outside of A working hours. +Background - I'm 34M, single (but in a relationship), no kids. Stable job at a FAANG company. $600K NW. VHCOL area. + +I don't consider myself an extravagant spender, but I haven't been a strict penny-pincher either (buy the latest gadgets, stay at nicer hotels). + +My income & career have risen fairly quickly over the past few years, but I've held my expenses constant, to the point now where my monthly savings hover around 40% (current TC \~$350K). My NW rose from negative to its current value over the span of the last 6 years (mostly due to RSU's). + +I'm currently in the process of getting a promotion + raise. If I kept everything constant, I'd expect my savings rate to be boosted to 50-55%. Because I've rented the same tiny apartment for 5 years, and because WFH will likely continue for some time, I've been eyeing a couple luxury apartments. They're not cheap though, and this would put my savings rate back down to 40-45%. + +My question is - at what point in life did you allow yourselves to take part in your increasing income/NW? On one hand I'd like to enjoy the fruits of my labor, but on the other hand, I don't own property and I should continue to save. + +Disclaimer - I know I'm not $5-10M like others here, but wanted to follow in folks' paths. Posting here because I already know the answer if I posted in /FI. +First off, the collapse of Luna caught the attention of regulators around the globe, especially in the USA. Stable coin regulation is coming and there is nothing anyone can do about it. I don’t actually think this is a bad thing to prevent future meltdowns (full audit of tether pls). + +So what does this c#ck head do…….creates Luna 2.0. This is a regulators wet dream. The optics on this whole thing are so incredibly bad. + +To ALL of the exchanges out there who listed this token……you fucked up. + +Not only do the regulators have hard on for flogs like Do Kwon, but you are in their crosshairs even more now. Exchanges literally listed the exit pump token for Do Kwon’s initial ponzi. Utterly psychotic. Like how can they be so stupid. + +Exchanges should have denied the listing of Luna 2.0. + +This is why we are so far away from full scale adoption. It’s bullshit like this and maybe it’s time for the regs to come in and clean this bullshit up. A lot of people lost a lot of money in the last couple of weeks, Do Kwon is causing more and more damage every day he is active in the crypto asset class. +Their servers are completely unreliable. I just bought $20,000 worth of shares and planned to sell covered calls as a hedge but have been faced with 30 minutes of 'Temporary Time-out' messages so now I'm in a completely naked fucking position. This is the last fucking straw with these cunts, they earn billions every quarter and they can't handle the same bandwidth as [snake.io](https://snake.io)? Infuriating. +Early in my career I worked at an old fashioned savings and loan bank. We offered the best rates in town, and this attracted a certain kind of customer. One emblematic individual was Mr. Tonlin. He was meticulous in his management of his $4,000,000, which was divided among fifty or so accounts with different maturity dates. He would come in every week with his list on a clipboard held proudly to his chest and carefully make decisions about which ones to get, haggling with management for better rates. He carried the air of a business magnate from the Industrial Revolution. This was his pride and joy. Then, after years of this routine, his wife passed away. + +Mr. Tonlin came in the afternoon after the funeral—perhaps to get some grounding in his routines. He seemed like he had lost six inches of height. He came into the bank lobby expressionless, posture limp, disoriented. Various staff came up to him, expressing their condolences. He ambled to the counter holding his clipboard, which now seemed to be very heavy to him. We waited for him to say something as he looked at the list. Then quietly, looking down at his clipboard, his chin quivered and his eyes welled up, “I should have spent this money with her. What am I going to do with it?” + +It’s been over a decade since this happened. I would bet that a week hasn’t gone by that I haven’t thought of that man and this single phrase. + +After telling my clients this story, I repeated the question to these trailer park millionaires, “What’s the point?” + +I believe that those who have saved up deserve the reward of minimizing their fears about money while maximizing their energy for the real things of life. Ask yourself: what is the point? This is not a rhetorical question. If you and I optimize your financial life, leaving no stone unturned, what’s the point? What would change? What should change? + +To me, the point is this: you should have the luxury of diverting your emotional energy away from worrying about money. Spend that same energy on more important things like family and friends, pursuing goals and experiences, enjoying life, or giving back to the world. The emotional cost of financial chaos is profoundly impoverishing. Bringing order to chaos will enable you to divert your energy to the things that enrich your life. + +Financial strength is not about having a lot of money. The ancient Romans had a saying, “Money is like seawater. The more you drink, the thirstier you become.” As you grow in wealth, you must also grow in wisdom. + +Full post: https://coloradosun.com/2019/04/12/chad-gordon-wealth-by-virtue-excerpt/ +I live in Bangladesh and whenever the question of why we are so undeveloped compared to the most developed countries come up, the common answer is the exploitation by colonial empires. Its almost considered a scientific fact even in media discourse by Bangladeshi scientists. We also read a lot on how the riches countries in the world, especially in Europe are rich because of colonial exploitation economics. + +However, looking at the map of Europe I realized that a lot of the countries in Europe did not have colonies. Although they do tend to be much poorer than the colonial ones, they still feature in the World Bank High Income countries: https://en.wikipedia.org/wiki/List_of_countries_by_GNI_(nominal,_Atlas_method)_per_capita + +I am guessing these non-colonizer countries in Europe became rich their neighbors through close proximity which might have provided transfer of knowledge, capital, resources etc. Or maybe these countries were part of the colonizer countries once and so received the benefits that way. + +Can someone explain how the non-colonizer countries of Europe are so rich without a history of colonization? +Part 2 of https://old.reddit.com/r/thetagang/comments/sbqy0d/hot_damn_i_just_sold_so_many_puts/. Part 1 earned 1% in the past month while the market returned around -7%. + +I'm going to write puts on mostly the same companies as last time with strikes 30%+ under the market price (targeting March 2020 lows), targeting 15-30DTE. +https://arstechnica.com/information-technology/2019/05/pornhub-wants-to-buy-tumblr-and-restore-site-to-former-porn-filled-glory + +> "Verizon Communications Inc. is seeking a buyer for blogging website Tumblr, according to people familiar with the matter, as it tries to steady a media business that has struggled to meet revenue targets," The Wall Street Journal reported yesterday. + +> Pornhub quickly announced its interest after the news broke, although it isn't clear whether the two companies have talked. Verizon banned all adult content from Tumblr in December 2018, and Pornhub wants to restore the site to its former porn-filled glory. + +> The WSJ report said Verizon's sale process for Tumblr "is ongoing and may not result in any transaction," and that "[i]t is unclear how much Verizon might get for Tumblr." The WSJ report didn't mention any potential buyers. + +> Yahoo bought Tumblr for $1.1 billion in 2013, but it later wrote down about half of that value. Verizon bought Yahoo's operating business, including Tumblr, for $4.48 billion in June 2017. + +> Verizon hoped Yahoo and previously acquired AOL would help it create a huge online advertising business. It hasn't gone well. Verizon laid off 7 percent of employees in the Yahoo/AOL division in January this year, a month after telling investors that the media division had "lower-than-expected revenues and earnings" as it lost ground to online advertising industry leaders Google and Facebook. **Verizon recorded a non-cash goodwill impairment of about $4.6 billion, wiping out nearly all of the Yahoo/AOL division's goodwill value.** + +I knew Verizon was struggling with AOL/Yahoo. I didn't know it was that bad. +## Dear Binance u/Jager_Binance, + +3 weeks ago you blocked my account and after a long conversation because of my “security issue”, still nothing. + +My account is 3rd level verified, allowing me to take out more than 100 Bitcoins per day, the account isn’t inactive or suspicious. As soon as I noticed my account was frozen, I applied to have it unfrozen, but then you cancelled that and responded me with documents request and I gave you at least five documents you asked for in order to verify it was really me and even had a more than hour-long video call with you. + +I’ve done everything you’ve asked by the strong deadlines you’ve given, and then you just ignore me and don’t answer me at all. I can’t get any information from you about the process of unblocking my account and you still have all of my money; I can’t get any of it back. Could you please answer me and give me a reason for all of this? + +Everything you’ve said to this point hasn’t been true or according to your rules. I’d really appreciate some clarity and some answers. + +u/Jager_Binance + +**What I’d like to know is, what is the real reason for blocking my account? Please PM me!** + +**Why are you ignoring me? Could you comment on this? Why do I have to make all these things public just to attract your attention?** + +**P.S.** + +That was an official Binance answer before they blocked me in their official subreddit + +u/Jager_Binance I have already provided EVERYTHING you have requested and more! Why are you still ignoring me after 2 weeks of conversations? You’ve given me no choice but to make it public. 3 messages without any reply! + +https://i.redd.it/pnfg7c0wxko11.png + +https://imgur.com/gallery/mPz52zF + +&#x200B; + +Here's another sfh purchased early this year for 151k and did 0 rehab. I put 10% down plus closing costs around 19k total down payment. I'm now recieving 21k back at closing so pretty much all my money . Home is rented for 2700 a month and mortgage is 1700 . + +There's always ways to make money guys just be persistent. + +The story on this one is I find it on facebook and the house has just been remodeled . The realtor is extremely lazy and they wanted 180k but I knew its worth minimum 220k I tell her look its a cash closing and you get both commisions. She pushes it hard to seller and we closed 2 weeks later with a loan. + +On the low end I expect to profit 7k a year on this property with 0 capital invested and I gained around 60k equity to add onto my net worth just by taking on some debt and allowing my tenants to payoff my properties for me. + +&#x200B; + +Good luck out there and don't let the people who own 1 or 2 homes discourage you from investing. I'm 3 years away from my goal of 40 million in real estate rentals. No reason to stop no matter what the market is and when i refinance deals like this I'll cash flow around another 400 a month so eagerly waiting for rates to drop again. + +&#x200B; + +This family of 4 adults earns 240k a year and have no issue paying the rent. + +&#x200B; + +I have another 7 brrr I just refinanced in the last 60 days just been really busy but I'll post them soon enough and have another 6 refinances in the next 2 months. + +I forgot to add im buying another 148k property in 2 weeks so I'm effectively putting this money into new home. Increasing my cash flow another 700 by recycling this capital. + +This home was also on Facebook for 7 days and most of the people were fthb but didn't have the money etc. The realtor was really annoyed with the inquiries being bs from so many people. +Hi guys, I noticed a lot of newcomer investors are joining lately. A lot of them are not very informed, if at all. So they end up doing rash decisions based on media headlines and random suggestions. + +That’s why I spent some time creating this guide that can help everyone make a bit more informed decisions, at least in regards to the oil markets. Let me know if you find it valuable, I might try and do other similar guides in the future. + +As for the guide - [Here It Is](https://zerotofreedom.org/everything-you-need-to-know-about-the-2020-oil-crisis/) +I see in this subreddit sometimes discussions on kids and the cost of having them. I've always been interested to read what others said, but I knew I wanted kids no matter what so I never felt like I would choose not to have them in favor of retiring earlier. + +Well last year I got pregnant, and now we have a child. Our child has Down Syndrome. + +One unexpected thing for me is that I think this will turn out to be the thing that gets me to FI even faster. My motivation is way higher now. I am motivated to keep buying rental properties. I am motivated to be strategic about my job and plan to start a business. Because I want to provide a life for my child that has every possible opportunity. I want passive income flowing so if something happens to my spouse or me, our child has income. Many people with special needs can't find a job even when they are willing and able to work. If my child wants to start a business, I am determined that I will back them. + +My motivation before was that it would be nice to not answer to anyone and be able to travel and do whatever I want. My motivation now is about a million times more intense. There is no question in my mind I will achieve my goals. +I recently got offered a position for a legal tech company for $X salary plus commissions, since I'm in a dire need for a job I accepted the offer. Fortunately another company in a different field offered me 15K more. How do I negotiate with the first company the difference in salary?? +Thanks so much for reading. + +We checked our credit score, it went from excellent to good because of an extra $1000 of debt and numerous inquiries we never made. We reported the fraud to Experian, are obtaining an affidavit from the FTC, and plan to it to file a police report. + +What else should we do? How can we successfully contest the accounts fraudulently created? + +Any agencies you'd recommend we contact for help so we can put this nonsense behind us? + +EDIT: I welcome the jokes, friends (I'd make them if I saw this post, too), but, for anyone who is unironically wondering...my wife has my absolute trust. + + +Hi All, + +I (22M) started my first full-time job in February and am looking for some guidance for how I should prioritize some financial goals. + +My salary is $74,000, with my monthly take-home being around $4,300. Standard monthly expenses (Rent, utilities, insurance, food, etc.) total about $1,800, leaving about $2,500 net per month. + +I am currently contributing 10% of my earnings to my 401k (employer matches 3%), which means I have around $1,900-$2,000 to play around with each month. + +I currently have around $22,000 in student loan debt that I have not yet begun to pay off, as the grace period doesn’t end until September. I have no credit card debt. My emergency fund is about $6,000. I will need to buy a new (to me) car soon, as I currently drive a beater with 200,000 miles on it. I also hope to save for some larger future expenses like an eventual down payment on a house, wedding, etc. + +So, my question is how should I prioritize these financial goals? Should I pour every dollar into paying off my student loans as fast as possible? Should I add even more to my 401k and pay the student loans and car payments over time? Should I chip away at the student loan and pay for a new car in cash as soon as possible? Should I forget everything else for a few months and bolster my emergency fund? + +I really appreciate any guidance or thoughts you have!! :) +It’s been a while coming that things got to this moment. Most of you don’t really know me, I’m Burn, I’m the other guy who founded. Technically, it’s my name at the top of the sub and I have the keys if I got mad with power. You’re probably thinking “You don’t mod much.”, that’s because I’m the roadie mod. When I do it right, you never know I was there. But this place is something that I love, despite the work that it is. + +&#x200B; + +As my flair says, I recently lost my job, I was there for quite a while and it took me across the country. I met my partner due to where they sent me and now I have a kid, she wants to be an Astronaut (some days, little bunny is another option apparently). I know all mods are unemployed layabouts really on the inside, but now I actually am. When I first learnt about this, I was a bit sad and had to assess things. I had to take a night alone to think about things so I went to a place I can do a little project in and have a beer. I then thought about what I could do and how shit things were to not be making things that matter any more. + +&#x200B; + +Then I looked up from my own work and whining and saw someone I didn’t know working on the lasercutter. I had been at the first meeting to found the workshop, I’d later brought together the real movers by total accident and was on the founding committee to create the place. Later, my life took a bit of a turn, so I didn’t have time and I left. My interest in 3D printing went mainstream and faded for me, leaving me with a few spare bitcoins I had bought to tip a guy with and lessons about fucking up when I tried making my own business while the rest of my life was a mess. + +&#x200B; + +The workshop had gotten the lasercutter after I left the committee and stopped being a member. I had no clue who she was that was working on the lasercutter, but she seemed to be enjoying her project thanks to this place. It suddenly all became clear to me. I helped to create something and then I left. But that place still did great and it got more cool stuff. It was fine after I was gone. + +&#x200B; + +I realized that the last time my life was going a bit in it’s own direction, we ended up with this place that a lot of people have been having a lot of fun with for over a decade. This time, we all had that moment in 2020 and we got /r/ASX_Bets. It’s time to know that it’ll be fine after I am gone. + +&#x200B; + +I have my own plans for where I’m going from here. Those include a business for myself. It will likely fail, but I’ll have a go. If it gets to the point where it might end up involving the ASX and thus is a conflict, I'll give the keys away permanently. BRN on the ASX is already taken by some weirdos unfortunately. I suspect a conspiracy, I did take that free horse those Greeks gave me (ASIC I'm kidding). + +&#x200B; + +For most of you, this change means very little, I’ll still be around, but not really doing day to day modding. Consider this a semi-retirement, do not @ or message me about sub business except in emergencies, it has been said that awakening the old ones makes others go mad. The wording on some announcements might change a bit. The Automod is still doing as it’s told and not going rogue about Bananas, so I’ll be helping keep it in line. I’m still a failed stand-up comedian so the really mean flairs may be me, but other mods do them too, so don’t just blame me. But for me, consider this a ride off into the sunset unless we have some strange catastrophe that I need to come back for. But don't worry, i'll always be in your hearts... + +&#x200B; + +Besides, this is reddit, it's not like it's not hard to make new accounts. Hell, 90% of the mod team could be my alts. This could be an elaborate house of cards built on sand in a fault zone because me “retiring” but remaining in charge was always the plan. Burnanon knows the truth. This sub could actually only have 2 real members talking to each other and they are really all six kids in two trenchcoats. As a man smarter than me once said, “More and more I’m beginning to suspect the entire written content of the internet is being produced by a team of 7 or 8 people.” Are you actually a walrus? Speak into my Umbrella for the real answers. + +&#x200B; + +**NEW MOD** + +&#x200B; + +Now, I’m not a total prick to the existing mods (mostly), so I decided to bring in a new mod to take my place. I looked around the regular posters and who could bring the gravitas. The depth and the detail to replace me? Clearly /u/Plucky26 was the one. When Plucky went off their meds almost a year ago, they got banned for a few weeks but came back strong. They also were banned due to a legit bet over the summer, but it’s good to have them back. + +&#x200B; + +And now /u/Plucky26, clearly the most deserving, will ascend into Modhalla. All shiny and Chrome. + +&#x200B; + +I see no negative implications of this whatsoever. + +&#x200B; + +\-Burn +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! + +JoukeH [discovered](https://www.reddit.com/r/Bitcoin/comments/4hf4xj/creator_of_bitcoin_reveals_identity/d2pf70v) that the signature on Craig Wright's blog post is not a signature of any "Sartre" message, but just the signature inside of Satoshi's 2009 Bitcoin transaction. It absolutely doesn't show that Wright is Satoshi, and it does very strongly imply that the purpose of the blog post was to deceive people. + +So Craig Wright is [once again](https://bitcointalk.org/index.php?topic=1282144.msg13196947#msg13196947) shown to be [a likely scammer](https://www.reddit.com/r/Bitcoin/comments/4cdsna/craig_wright_nigerian_prince_and_other_unlikely/). When will the media learn? + + Take the signature being “verified” as proof in the blog post: + MEUCIQDBKn1Uly8m0UyzETObUSL4wYdBfd4ejvtoQfVcNCIK4AIgZmMsXNQWHvo6KDd2Tu6euEl13VTC3ihl6XUlhcU+fM4= + + Convert to hex: + 3045022100c12a7d54972f26d14cb311339b5122f8c187417dde1e8efb6841f55c34220ae0022066632c5cd4161efa3a2837764eee9eb84975dd54c2de2865e9752585c53e7cce + + Find it in Satoshi's 2009 transaction: + https://blockchain.info/tx/828ef3b079f9c23829c56fe86e85b4a69d9e06e5b54ea597eef5fb3ffef509fe?format=hex + +Also, it seems that there's substantial [vote manipulation](https://www.reddit.com/r/Bitcoin/comments/4biob5/research_into_instantaneous_vote_behavior_in/) in /r/Bitcoin right now... +📢 MISSED EARLY DOGECOIN OR SHIBA INU? +If you're reading this you are super early! A 100x is a 100 million MC from here! + +Shibonk has a lit community and active Devs. Partnership with PIXL COIN and Broadcast West. Shibonk is taking the quality of memes to a whole 'nother level. Straight Studio Quality! We have commercials ffs! WEEKLY AMAS EVERY THURSDAY! +Past AMAs and content posted on YouTube(shibonk token) + +A+ Audit from Dessert Finance, check out our bonk paper (whitepaper) as well as road map on the website shibonk. Net + +Active on all social platforms! + +☆Twitter +☆Facebook +☆TikTok +☆YouTube +☆Reddit +☆Telegram +☆Discord +☆Instagram + +TOKENOMICS: + +●5% REFLECTIONS PER TRANSACTION + +●5% BURN 🔥 PER TRANSACTION + +●CONTRACT OWNERSHIP RENOUNCED + +●LIQUIDITY LOCKED 🔒  AND BURNED 🔥 FOREVER + +●1 Quadrillion total supply (40% already burned 🔥 + +● LOW MC <2 Million + +NFTS with staking and gaming releasing soon! + +This is a true 💎 and the potential for 1000x is there. So undervalued it should be ILLEGAL 🚫  Hop on the 🚀  Shibonk is aiming for MARS! + +Connections to Shiba Inu. And future plans on the Shibarium Network. Future metaverse gaming to bring actual utility to the MEME token world 🌎 + +Shibonk has an organic community NO marketing tax! And not a P&D! + +Contract: + +0xf224ade71c20f9823e34e0792f72437596b4e28c +I understand that Apple has announced that it plans to repurchase its stock for the hefty amount of 100 billion dollars. + +The market cap it currently at 917 billion. What will happen to the market cap? I thought that when a business went public, the whole thing was public and divided into shares. Does that mean that the company will now only be 89% public? +Welcome to the New World. + +&#x200B; + +NFT related discussion only. Any comments or post relating to Stonks, mushrooms or anything other than NFT's will be deleted and the user banned. + +&#x200B; + +You've been warned. +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! + +EDIT: I asked and I received. Lots of good points here. I think I'm going with my gut here and staying put. I'm on easy street right now and should really only leave for the job that seemingly 'checks all the boxes'. This one doesn't. Therefore the decision is clear. I see friends and family every other weekend so it's not like I'm deprived - It just takes more effort than usual to do so. Thank you all. + + +25..I already know which way I'm leaning. I just want someone to play devils advocate with me. + +I work for a big defense contractor 3 hours from home/friends/family. Extremely stable. + +Got offered a 100% remote position for virtually the same amount of money. Benefits not quite as stellar. And it's in the aerospace industry. + +Pros: I love aerospace. I can work from parents house near friends. No more rent. Much better area. + +Cons: 4th job in 3 years. insignificant pay bump. Unstable industry and company. + +FWIW, I WFH here and there currently anyway. i take weekend trips back home consistently. + +On one hand, I want to just chill out in an area for more than a year and get some experience. I'm set up well where I'm currently at. But on the other, I know I will eventually be moving home. So maybe I should just rip the bandaid off. +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! +They say imitation is the sincerest form of flattery... + + If you haven't heard of EverRise, where have you been? The 4000 BNB presale sold in seconds. With their unique automatic buyback function, this is the first token since March that has multipole billion dollar marketcap potential. I repeat, This has never been done before EverRise, get in in the next big play this week. + +Stop falling for the imitators and ride up with the big boys. + +* Multiple exchanges inbound - Bitmart, BKEX and more! +* Celebrity endorsements ;) +* Certik Audit has been expedited +* over 30,000 holders in it's first week + +The same way SafeMoon popularized the redistribution to holders feature we see being used today by almost all defi tokens… EverRise is doing the same with their proprietary automatic buyback feature. + +The way is works is a 6% transaction fee is stored in the contract and used to buyback coins through pancake automatically. The transaction is triggered after ever sell…. With this brilliant coding, you will never see 2 sells in a row! WOW + +&#x200B; + +* By investing in EverRise, you also become early investors in their two official use-cases, EverLock and EverOwn, which are sure to revolutionize the BSC space. More information in their whitepaper. + +Get in there and see what it's all about! + +Whitepaper: [https://www.everrisecoin.com/wp-content/uploads/2021/06/EverRise-Pitch-Deck-1.pdf](https://www.everrisecoin.com/wp-content/uploads/2021/06/EverRise-Pitch-Deck-1.pdf) + +Telegram: [https://t.me/everriseofficial](https://t.me/everriseofficial) + +Website: [https://www.everrisecoin.com/](https://www.everrisecoin.com/) +I have no debt/rent to pay. + +The current job: + +- I have no interest whatsoever in the career path + even if i had any, I know eventually someday i will have a breakdown. ( I actually would rather stay in my currwnt position than be promoted because of the stress I'm seeing on my supervisors). + +- The pay is fairly good. + +- The hell to any personal goals/life goals if I stay ( Owning a decent business/ learning and growing / traveling) + + + +The other job. + +- Has less hours ( which will let me to focus more on my business ) and more vacation time. + +- salary is less by 30% from my current one. + +- Its not in customer service, its administrative work. + + +The only downside with the new job is that there is no much room for improvement/promotions. + + +What do you think ? + +Edit: more info + +Edit 2: I have read every single comment that you guys made. Thank you everyone. They really made a difference. + + + +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. +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'm pretty comfortably FI, but not fat. I don't know where else to ask this question without sounding like a huge prick since I'm in an incredibly privileged situation. I'm Canadian, but I'm going to use USD in the numbers below since most people here seem to be American. + +I have $1.7M in investments, no debt, and don't own a home. My expenses are $40k/yr (2.3% of investments). I don't try to keep my expenses low. I just don't know what else I'd spend money on. My top hobbies, in order of time spent, are reading, climbing, dance, board games, and programming. These just aren't expensive hobbies. If I quit my job, programming would probably move up to #2 behind reading, but I can't think of a hobby I'd add that would cost more than any of my current hobbies. I've tried numerous other hobbies and the ones I enjoy tend to be ones that involve athleticism or analysis and these are generally not expensive hobbies. + +I work remote for a U.S. tech company and I'm not planning on retiring in the near future since my job is fun, low stress, and allows me near total flexibility in when and where I work. I literally don't know what use I have for the money other than giving it away to charity. + +I'm replacing my 20 year old car this year for safety reasons. Even if I go with [the luxury car mentioned here](https://www.reddit.com/r/fatFIRE/comments/idf4zv/best_discrete_luxury_car/), I could get a used 2017 model coming off lease for $35k. Volvo comes out with a new platform every 7 years or so and I don't see much value in upgrading to another vehicle on the same platform, so the amortized annual expense of getting a luxury car instead of driving an old beater around is still only $5k/yr. Ignoring investment income, every year I work, I can save another $300k. If I keep saving at this rate and my investments return 0, I'll have $5M in savings after a little more than a decade. Buying a nice car or two won't put a dent in my savings. + +I don't want to buy a home since I might want to move in the next few years, but I could buy a clone of the condo I'm renting for $500k. I'd still be comfortably FI since I'd then have $1.2M in investments with about $20k in annual expenses. A detached house would take a real bite out of my investments but would still be affordable. + +I saw a comment on this sub about how kids cost $100k/yr. They can, but I grew up poor and I know that kids can also cost $5k/yr. I don't plan on raising kids as if I'm impoverished, but I don't see kids as a major expense relative to my current savings let alone relative to what I'll have if I work a few more years.As someone who doesn't enjoy travel and doesn't want to own multiple homes, what can I do with more money that I'd get value out of? +I want to keep a monthly record of the evolution of a 2500$ investment +Mind that I'm in Europe, so this will be slightly different for everyone +depending on your local taxation, inflation and so on. But maybe it's a nice +economy exercise to do for yourself. + +I compared giving 2200 euro (about 2500$ dollars) worth of certain things, roughtly 1 BTC. +And I'll compare the evolution of the net worht in euro, dollars and BTC over time. + +So I bought in on 2nd of June 2017 (the "high of the bubble according to some") + + +**2200 euro bought me either one of these:** + +1,08 BTC +23 DIS (Disney stock) +3.3 kg of silver (bars) including tax and costs +11 ETH (Ethereum) +42 SCHB (Schwab EFT in S&P 500 stock) (59$ a piece) +2500 dollars (cash on my account in dollars) +2200 euro (if I just kept the cash in an enveloppe) +1.8 ounce of gold (incl after taxes and costs) +5434 GNT (Golem network tokens) + +Updates are done in this sheet: +https://docs.google.com/spreadsheets/d/14X6_b0Kj81yT9-HKAv7_FhFdFnDwDlYL1j5nuw-JVRo/edit?usp=sharing + + +567 Big Macs (for comparison of life costs, 3.88 euro a piece in EU zone on average according to the Big Mac index) http://www.economist.com/content/big-mac-index + +So this was recored at 2nd of June +And I'll update how all these different investments/gambles work out. + +I'll act like I have all these individual things bought, like 23 DIS stock and so... and I'll track the original worth over time. This way you can see the evolution. +In the long run, I think ETH will win here over a 3-year time span, but that's just a gamble of mine :) + +I'll update it within the thread. + + +--- +Edited the Big Mac price, by suggestion of a reaction in this thread to reflect the average € price in the Euro zone for a big mac, which was 3.88 on jan. 1 2017 +The original price was 6.75 in my own local MCD, so 325 big mac's with the original amount. + +Edit 2 June 4th 2017 : Thanks for all the reactions, and the many DMs :) This idea can be bigger. -spreadsheet made, see in the post above + +Edit: 30/6 - Edited a mistake, I accidentally switched dollar/euro with the Disney stock price, bought 23, not 19 (including transactions) - Also updated the linked sheet with the results after 1 month. +I used to work in public accounting and was always told that when I moved to industry my work/life balance would be great. Unfortunately after 2 different industry jobs I found that I was still working until 6/7pm every night. These hours seemed so normalised amongst all of my accounting friends and I'm surprised at the vast majority of people I met that worked hours of overtime every week. + + +I've now moved into business analytics where its the standard 9-5 with paid overtime for any (rare) additional hours. I took a side step rather than a pay increase to get into this role but I feel like my mental health has improved so much in the past 12 months. + + +I'm keen to hear other experiences. As I'm progressing through my career I feel like work/life balance is one of aspects of a job I place the most importance on. +I recently got a letter in the mail from the company my life insurance is through. It stated that I owe $2600 on loan that was taken out when I was 19. + +My Father back then was in a financial crisis, so he took out the loan to help him get by. The issue though is that he never paid it back, and now that it automatically transferred over to me, I'm responsible for paying it back. Whenever I called and talked to them about it, I told them that I'm not going to pay back a loan I didn't take out. Unfortunately, this will end up on my credit report that I am very strict about. I have no late payments, a good score, and I'll be damned if my score gets hurt. + +Is this truly legal? Is there anything I can do without paying and making the loan dead even and canceling my policy? + +Edit: Wow, this post blew up! I wish I could've replied in real time but I had to go to bed. Thank you everyone for the replies and insight. I can tell that I'm very uneducated when it comes to this, and that I need to do more research. To everyone that has replied and gave advice, I appreciate it. + +I also want to clarify that my Father and I have a very good relationship, and that I need to see this situation from a different perspective over the knowledge you all have given me. Thank you, Reddit! + +Edit-2: This policy was taken out on me when I was a newborn. This policy is a whole-life policy. Whenever I contacted the company that the life-insurance is through, it was confirmed with whoever I spoke to that I am the policy holder, and it transferred over to my name the day I turned 21. + +Final Update: Thank you to EVERYONE for your input. I have decided to cancel the policy. What's crazy is that I asked about term life insurance, and they offered me 100k at +$20/m vs. the policy I have now. What an eye opener to the world of Insurance. + +To everyone who thinks my Father is a bad man, I want to clear that up. He is a very good person who just made the wrong call in the end by miscommunication. He's done a lot for me, and I would never attempt any legal issues towards him. + +Again, thank you and I hope you all have a wonderful day! +Please use this thread to discuss various methods of filing taxes. This can include: + +* Tax Software Recommendations (give detail as to *why!*) +* Tax Software Experiences +* Other Tax Filing Tools +* Experiences with Filing Manually +* Past Experiences using CPAs or other professionals +* Tax Filing Tips, Tricks, and Helpful Hints + +If you have any specific questions, or need personalized help with taxes that don't belong here, feel free to [start a new discussion](http://www.reddit.com/r/personalfinance/submit?selftext=true). + +Please note that affiliate links and other types of offers will still be removed in accordance with our [Subreddit Rules](http://www.reddit.com/r/personalfinance/wiki/rules). If you have any questions, please [contact the moderation team](http://www.reddit.com/message/compose?to=%2Fr%2Fpersonalfinance). + +We are a couple with one income around 90k annually. Have 3 yo son. We recently got a house as we are expecting another baby soon. We end up spending more than the income for last 6 months…on average 1k more than income. Hospital charges and furniture expenses are main culprits. What should I do to increase income (side hustle) or to decrease expenses? I decided to stop sending my child to daycare, but daycare expenses will come back sooner or later after second child is born. We barely spend much on eating outside, entertainment, travel, etc anyway. +Hi, I’m a beginner and just want to learn more about planning for my future and learning about personal finance and things I should do to get the best out of my money. +Hi. Im 20 years old and using a throwaway account because my friends know my other U/. I recently made a really good play, bought GME at 19$ and sold around 410$. Im sitting on a boatload of cash just past 6 figures. More money than i ever imagined i would have at this age. + +Im going through a bit of shellshock, but now its been 5 or so days since i sold and im ready to get back out there or at least develop a plan. + +Long story short: my dad wants me to use 100k of it and develop a good equities portfolio, then use the remaining 20-30k to play around with myself. A mix between r/investing and r/wsb. I was thinking more like doing some theta gang plays. I could lowkey spin the wheel on TSLA, which could be profitable, but id be risking like 70-80% of my entire portfolio. I dont know. Maybe i need to read the intelligent investor and this isnt the right place to come to with this issue. + +Either way, if you have any tickers, strategies, or thoughts please share. The way i look at it, i was able to make a lot of money for someone my age, but this isnt a ticket to complete financial freedom.... yet. I want that ticket. +So with lowballing how often do you guys actually strike a deal? It’s probably a weird question but I’m trying to stick to 20% below market value which are most of the time REOs or abandoned homes. Sometimes homes where the person was evicted and all of their crap is still there as well. Your thoughts ? +Just a quick quote off of Wikipedia: + +> In 2005, Burry started to focus on the subprime market. Through his analysis of mortgage lending practices in 2003 and 2004, he correctly predicted that the real estate bubble would collapse as early as 2007. + +Just remember this when everyone is throwing around dates. Maybe rewatch the movie the big short. That scene where he is angrily waiting and everyone is losing hope? Those 2 minutes are worth 2 years in real life. + +HOLD. They want you to break down and sell. + +Focus on other things in your life. I am currently starting to learn playing piano at mid 30s of age. Great past time and very rewarding. The MOASS will happen in time... and I will be playing Major Tom on the piano when it happens. +I know this is ausfinance and we all earn more than $200k+.... + +But, with the topic of recession on everyone's mind, it begs the question: is anyone feeling the pinch or struggling financially? + +From what I can see, the job market is booming and there doesn't seem much risk of a recession. Yes, rents are high, food prices have gone up, and petrol as well (lowering real incomes). But since the job market is hot, those costs seem manageable. That's unlike a situation when everyone is losing their jobs, which typically signals a recession (i.e. GFC or early-2020 COVID). + +Used/new car prices are still elevated, showing evidence of strong demand which favours a strong economy as well. + +The construction and mining sectors appear to be strong as well... + +But what do I know. + +Can anyone see any pending real-time cracks? + +Perhaps I'm somewhat out-of-touch with what's really going on... + + +2 and a half weeks will be over before we know it. + +We can't assume everyone has voted, we need 100% participation!!! + +If anyone has any questions please do not hesitate to ask. We have resources posted all over the sub and plenty of kind apes willing to help. + +Let's go!!!!! 🚀🚀🚀 +Title says it all. I think we should get together and perform a hostile takeover of multiple big pharmaceutical companies who overcharge for insulin and epipens (looking at you Milan) + +Why should people have to pay so much for a basic need? We could literally buy the companies, change the pricing, short it on the way down, and write off our initial expense as a loss. + +Just a poop thought. +I guess I set it up wrong? I really don't know how it came to be. I didn't notice because it was setup in the agreed initial payment arrangement - it did not accrue as Available funds for redraw like any extra payments would. + +I have adjusted our payment amounts several times over the years - mainly reduced, as our family (and expenses) have grown. And every time - never figured it out. Have paid \~$57,000 off the principle over the past 4.5 years. + +This certainly explains why we felt we were really struggling these last years! + +Haven't figured out what the lesson learned it yet - if anyone knows, feel free. + +And now to go home and explain this to my Wife - wish me luck. +My mortgage is currently $2000 a month and similar properties are renting for around $2400 a month. With HOA, I stand to net around $300 a month on my property. + +I know profits are going to vary for every property but as a first time “land lord”, I’m trying to understand if this is sufficient. I know a management company would further eat away at those profits but it might be required if I move out of state. + +Would you guys go in on a property if it only netted you $300 a month? Is the pain with the little margins ? +What are some of you all doing out there to find a deal? I feel weird sitting on cash like this and want to get into another property but I can't find anything worth while that'll give me the cash on cash return I want. + +Any advice? +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. +Initially, I, a Jan Ape, was in it for a quick buck. Since then I've religiously read the DD for hours day, everyday and have realized that without you wonderful apes the fraud will continue. We hold the key, the real shares to affect change against this rampant fraud... i.e. those who LIE, CHEAT, AND STEAL from the investing class without regard for humanity, solely for their own greed. I'm hardened. + + I'm 💎🙌 more than ever, and pledge to not sell 15% of my stake for all those X and XX HODLers so that we all can make the necessary changes to this system to make a fair and balanced market. + +A sincere, heart felt THANK YOU to the mods and many wrinkle brains, who refuse to be bought, for your AMAZING contributions to this ABSOLUTELY GENIUS trade. You see the need for change and have the courage to resist a sell out, and for that, I thank you. + +Just amazed! Peace to all. See you on the moon my fellow apes. + + 💎🙌 🚀 +https://www.cnbc.com/2019/04/04/mackenzie-bezos-to-keep-25-percent-of-couples-amazon-stock-after-finalizing-divorce.html + +MacKenzie Bezos shared on Twitter Thursday that she and ex-husband Jeff Bezos completed the process of dissolving their marriage. + +MacKenzie said she will give her interests in the Washington Post and Blue Origin, Jeff's aerospace company, to her ex-husband. + +She also granted Jeff 75 percent of their Amazon stock, along with voting control. +I keep seeing snarky comments like “can’t believe anyone is still delusional enough to trust GG” or “no way he gives a real answer”. + +WE KNOW. Nobody fucking “trusts” GG anymore. THATS NOT THE FUCKING POINT. The point is simply for him *to be asked, on record, by Jon Stewart*. + +I’m not here just to get rich, I’m here to expose government and Wall Street corruption. Having Jon ask these questions can ONLY help both causes, simply by bringing more attention to the topics and this community. + +If all you’re bringing to the table is negativity, then shut your fucking trap and quietly DRS. + +As for everyone else, make sure you actually post your questions to twitter, not just here! + +Edit: [here](https://twitter.com/TheProblem/status/1578097770082320384)is where questions should be posted +All of reddit/ social media is basically a trash can. Too much political talk and plain toxic. I love coming here cause we all here for one thing, no politics, no bullshit. If we can print money off it, we in, we don’t care which side. Bull gang, bear gang , whatever gang. + +&#x200B; + +It’s impossible for us to be a cult, at the end of the day, this is the Wild West where everyone for themselves. If you don’t like the way some people are betting or don’t like one of the gangs , you’re always free bet against them. Unlike other online forms, I love how most don't care about arguing or proving our point to others, cause the proof is in the pudding. Either you can make money or you can’t. + +I fucking love you all, props to the mods, never change WSB +A big part of our lifestyle is global travel, and the technology improvements over the past decades have been astounding. + +From the first global GSM phones (right out of Star Trek!), to the I-phone "internet in your hand wherever you are on the planet", to "free" global calls on facetime and internet access on the planes over the oceans. + +Then the business class seats have evolved from big seat (with a leg rest!) to slopey, to lie flats, and now to mini-cabins. + +For private aviation the business model innovation of "Net Jets" allows for easier access to private jets without arranging charters. + +As much as we talk about what can go wrong in the world, at least for the fat global traveler, things just keep getting better (assuming post-covid globalization returns). + +What do you think are the next innovations coming that will improve the "fat" lifestyle? +I haven't reached FATFIRE yet or even close to FIREING, but I'm starting to think that the magical feeling of "making" it never seems to happen. Looking back, I've gotten through some very challenging hurdles (i.e. got into a top school, job at big tech company, earning 6 figs out of undergrad, etc...) all on my own merits (neither of my parents graduated from high school and they make less than 30K per year), but it seems like each time you "level" up, you realize there is a HUGE pool of people who've also made it this far and of course, people that are above you. Before I got into my school or my job, I used to think that once I have move past it, I will be at the top of the universe. The opposite is more true. + +There's the illusion that you haven't accomplished that much, because you're just an ordinary i.e. 1/10000s Amazon engineer. When I reflect back, it's not the job offer that I remember, but the journey and the unique struggle to get to this point that makes me feel fulfilled. + +I feel like most people out there wouldn't be able to relate as to why you would want to push for more when you're already **set.** I'm not sure if this is a personality disorder, but I always want to accomplish what many people can't. Personally, I never cared too much about money or prestige, but it's more about shattering your beliefs of what you're capable of. It's helps that I started off at the bottom, because I have more milestones to crack. + +For those who have FatFire, do you feel like you've made it (w.e. that means)? +I’m looking to create an irrevocable trust for my child upon birth, but trying to figure out how much I should put it in it. A few thoughts for this trust: + +1. Pays for their education (if needed) +2. Making sure they have a buffer to help them pursue their dreams if it requires any capital +3. I don’t want to put too much as to discourage them from being productive members of society +You stupid dumb fucks. Pouring 200k of your grandmas will or 400k of daddy's money into Goldman Sachs bonuses. + +Fuck are you chimps thinking, you just crawled into a financial arena with the best and your throwing your life savings around. + +If it's your first time in the market, your just a retard waiting to get run over. So instead of that, become a retard with 10 lives, put 10% in your account each time and blow that up until you realize how stupid you are. +You stupid dumb fucks. Pouring 200k of your grandmas will or 400k of daddy's money into Goldman Sachs bonuses. + +Fuck are you chimps thinking, you just crawled into a financial arena with the best and your throwing your life savings around. + +If it's your first time in the market, your just a retard waiting to get run over. So instead of that, become a retard with 10 lives, put 10% in your account each time and blow that up until you realize how stupid you are. + + +[Archegos Capital Management was forced to liquidate positions at the end of last week](https://www.cnbc.com/2021/03/27/archegos-capital-forced-position-liquidation-contributes-to-viacom-discovery-plunge.html). The moves by the multibillion dollar U.S. family office, founded by former Tiger Management equity analyst Bill Hwang, caused a wave of selling pressure on Friday, with U.S. media stocks and Chinese internet ADRs taking the brunt. + +[A trader who asked to remain anonymous told CNBC this weekend](https://www.cnbc.com/2021/03/29/heres-what-happened-in-that-wild-trading-in-china-internet-stocks.html) that Credit Suisse — along with [Goldman Sachs](https://www.cnbc.com/quotes/GS), [Morgan Stanley](https://www.cnbc.com/quotes/MS) and [Deutsche Bank](https://www.cnbc.com/quotes/.BBKA) — all forced Archegos to liquidate a number of positions. + +CNBC reached out to Archegos Capital over the weekend, but calls and emails were not returned. +After four years at a decent job, thanks to the FIRE movement, I now have the ability to make a huge life change. I have been running extra hard in the rat race for far too many years (even though some would call me young). I worked very hard, even working to support myself through college and the grad school. I neglected my health, my friends, and my family along the way. The COVID quarantine was a wakeup call for me. It gave me a taste of what life would be like when I didn't have to commute across the city to sit in an office for certain prescribed hours each week. I'm hooked and I can't go back. + +The past several years, I house-hacked and side-hustled my way to FU money and to be honest it came so much faster than I anticipated. FU money in hand, I've realized that I can't stay in my day job anymore. I need to be free to do my own thing. In the next 3-6 months, I'm moving from my M/HCOL city to a much smaller LCOL city near the water. I just put a cash offer on a house and I hope it gets accepted. It's a small house that needs work but it's in a safe location near downtown, it's livable, and most importantly in my budget. I plan on renting out the house I currently own which should cover it's mortgage and give me some cash flow. + +Recently, I paid cash for a 4 year old economy car with 48k miles on it which should last me many years so my expenses are going to be very low. I am looking forward to waking up in the morning, working out, then cooking a healthy breakfast before tackling some home improvement projects in between working for clients at my own work from home business. When I land a new client, I am going to treat myself with lunch and a couple of beers at my local joint. Occasionally I'm going to wake up on a Tuesday morning and go to the beach and chill all day because I can. + +And I'm going to focus less on myself and more on the people I care about. I'm not waiting any more. I'm going to do this now while I can. I've had friends die in their 20s and relatives live to over 100. You never know when it's the last time you'll ever see someone again. I'm going to surprise my sister with tickets to her favorite musical artist and take her to a show. I'm going to visit my old college buddy who is married with a kid and have a few beers. And I'm going to help my dad restore the classic car he bought which is very similar to his first new car. I still have my car from high school though it hasn't run in years. Maybe I can get that fixed up and my dad and I can take our cars to a car show together. + +I don't want to stop working. I have no desire to ever fully retire. I think as humans, we crave progress. And progress comes from work. It's not just satisfying, it's a damn privilege to be able to work. But you have to work on something that you're passionate about. I want to invent things. I want to create things. I want to design things. I want to build things. And most importantly, I want to teach and inspire people to do great things of their own. This world is far from perfect, but hopefully by the time I'm gone it'll be one step closer. +I used to surf the darkweb in highschool where I learned about the silk road, and in turn learned about bitcoin. + +I bought $50 worth at roughly $3 bucks a pop. Almost 17 coins worth around $600,000 today. + +I sold them all for $100 to buy modern warfare 3 and some snacks with some left over for candy. + +Now don't get me wrong, the mountain dew voltage and dorito fueled madness of MW3 multiplayer was fun, but I don't know if it was half a million dollars worth of fun. + +Just imagine how many double XP boosters I could've bought with the money? :( +Does anyone else here feel like they can’t keep up with the other FIRE minded people here? I’m specifically talking about maxing out tax-advantaged retirement accounts, but this applies elsewhere too. + +For me, our HHI is $130k. We’re mid-20’s, so I feel extremely forturnate to be in this position (considering I grew up with my parents income never combining for more than $70k each year). + +We max our HSA and contribute enough to get the full employer 401k match (roughly 10% our contribution), plus we max both of our Roth IRAs. + +I feel like we underbought on our house (purchased for $250k), and our only other debt is a pickup truck at $550/mo. No student loans or cc’s. + +Every dollar in our budget is accounted for, between Saving, Spending, or Investing. + +It never seems like we will ever get to golden standard here of maxing out all retirement accounts. + +On top of that, we do want to do some home improvement projects of both moderate and considerable size (eg. vinyl privacy fence for $8k, bathroom and master bedroom update for $30k) however I have no idea where the funds will come from, given that we are shoveling every dollar we can into investments to set ourselves up for FIRE at age 45-50. + +Does anyone else feel like they can’t keep up with the savings rates on here? +I've been lurking this sub for a few months and been sniping off premium here and there with CSPs. I had mostly been a call/put buyer since August 2020 to slowly grow my capital. Now after GME (got a bit too greedy but still made a crazy windfall), I found myself with a nice stack of cash where now I can focus more on thetagang. I used to be a WSBer until 2 days ago when it was apparent that GME is in full dump phase and the remainder of that sub are now cultists. + +I'm currently playing CRSR for their ER. Always have been a PLTR bull (in since $17) and playing CSPs on that. + +What other tickers do you guys recommend? What's your method of stock discovery? +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/ +[https://www.domain.com.au/property-profile/17-curragundi-road-jindalee-qld-4074](https://www.domain.com.au/property-profile/17-curragundi-road-jindalee-qld-4074) + +I mean like you but um how is this not a bubble +We will pay taxes. They stand to gain so much when the squeeze has squozed and that's not all they will gain. We will help our communities. Apes are charitable creatures. + +&#x200B; + +[https://www.nytimes.com/live/2021/04/13/business/stock-market-today](https://www.nytimes.com/live/2021/04/13/business/stock-market-today) +What are they getting out of it? I'm asking because I found a virus in a project I downloaded yesterday. I've also learned almost everything I know about programming through Github. I have trouble systematically reading through a manual and prefer to learn by example. + +UPDATE: I did a scan on virustotal. Result: + +https://preview.redd.it/ds7ws6gcbld61.jpg?width=1661&format=pjpg&auto=webp&s=d4595ae02baf99369ae91585b74049e25ba409d1 +Hi everybody, I hate Facebook, they contribute nothing good to the world. I have some VOO and I'm thinking about selling all of it to look for a better ETF with good American companies that actually make meaningful products or services. Is this impossible? Any suggestions or should I forget about ethical investing? +Background: I graduated University in 2017, a 2:2 in Music Management, which I soon found rather useless. While I have dreams to make use of this still, as I am a musician and make a few pennies worth from Spotify etc, I work around 30+ at Nando’s to support myself, make savings and reinvest into my music. As of last year, I’ve had to start paying rent. + +I live with my mother, brother and sister. + +The situation: +1- The house rent is a total of £1700 per month. The utilities are about £240 per month, Council tax another £230 approximately. This is a total of £2170. My mother’s only income is benefits of £1450, so my brother and I cover the rest. + +2- We had to move out of a house in June 2020 because we owed too much rent and bills. My mother didn’t tell us until it was far too late but by the time we moved out we owed 7 or 8 months in rent, around £9000. My brother and I did our best to cover the rent in that house as well, but we found out when we were owing around £6000, it was never going to work really. Now we pay about £140 per month towards what we owe for that rent. (It’ll take years before that’s paid off, I don’t know where that’s at). My brother and I cover this as well. We also covered deposits etc. + +3- In a bid to try to cover some costs, my mother took out an overdraft and is now having to pay that back, even though her income is exhausted on the rent so brother and I cover this as well. We also pay her phone bills and whatever other miscellaneous bills she has coming out of her account. That costs us around £100 monthly. Just to speed this up a bit, my brother and I cover groceries, and the like as well. Financially, we’re exhausted, though I’ve still managed to save up to around £1000 until now. + +4- Recently, my grandfather, my mother’s father, died. Seeing as my mother doesn’t have any money, she asked my brother and I to cover these costs as well, which we obviously didn’t want to do but it had to be done so we did it. My grandfather, grandmother and Aunt and her family live in another country, she’s had to go to bury him and sort out all those kinds of things. My brother and I obviously had to cover these costs which came out of my savings, so I’m now down to £300, at great pain and anger. + +She’s recently left me with a list of figures and what needs to be in her account and when etc which is how I know all these figures. Before we were blindly paying around £600 monthly (£550 for rent, and around £50 for food and other needs), while my brother pays around £550 monthly (£400 for rent, £75 for internet and house line and around £75 for food and other needs). We didn’t know that the situation was this bad until yesterday and she’ll be away for the next 3 months. + +I’ve tried to budget as best I can, to the point that we break even in terms of income and expenditure but this obviously can’t continue. With the lightest pressure, everything will collapse, and that feels like it could be anything at this point. I also must work overtime obviously (which is how I got to where I was at with my savings) and set any investments for myself to the side for now if this is going to work. + +I have told my mother repeatedly to get a job, anything, because the strain is too much on us. She was only employed for a few months ago via an agency when she worked for a school. Those few months disrupted what she was getting for the benefits and she’s had to make repayments which my brother and I cover also. She’s an accountant by trade but has not found anything for so long that she has now started her own accounting firm as of December 2020. + +Please, any advice or help you have for me to consider is greatly appreciated. What would you do in this situation? My sister is 16, at school and about to take her GCSEs with these weird COVID changes. + +Edit: As I’m sure you can imagine, I’m currently at work and will continue to be as much as I can. Thank you for all the advice so far, I will take out time to read and respond as soon as I can. +Newbie investor here so this is my first federal election. How might the campaign and the results impact sentiment in the markets? Do campaign promises and polls throw TSX stocks for a spin? +**Intro** + +* Hello, +* my name is O.J.M., I live in Ireland, and I joined the revolution last summer. +I’m a crypto enthusiast and firm believer that Bitcoin will change the world. When I started trading I choose Kraken to be my main exchange because of leveraged trading and because Kraken had a really good reputation and I believed Kraken is more trustworthy than other exchanges. And I stuck with Kraken even thought user experience on the site was terrible at times. What a mistake that was. +Intro + +**10th** **of** **January** + +* On the 10th of I had 2.14 BTC on my trading acc and I had 2 open LONG positions on EUR and USD pairs both. When the Korea FUD started (11th of Jan around 4am) I flipped my EUR position, I sold all of my BTC and I was just about to flip my USD position when the Kraken site went down with no warning what so ever. + +**Down** **time** **–** **11th-13th** **of** **January** + +* How unprofessionally and poorly Kraken handled the “upgrade” that was supposed to be 2 hours and ended up being 2 days you can see on the here: https://status.kraken.com/incidents/nswthr1lyx72 https://www.reddit.com/r/ethtrader/comments/7qcj9u/why_kraken_is_an_unsafebad_exchange_and_why_you/ +And during this 2 days I was surprisingly calm and chilled because I believed that Kraken isn’t doing an exit scam and that my funds are safe. +Even thought I had an open long position that I didn’t want, and that I couldn’t close. + +**Back** **online** **-** **13th** **January** + +* When the site came back online I was -2 000€ on my USD long position and -2000€ on EUR story position. I don’t need to tell you I would never put myself in this situation if I could log in normally. So I decided to wait a bit and see what the price does, before I start closing anything. + +**BUG** **time** **-** **15th** **January** + +* I decided to take some loss and close parts of my positions just to reduce the risk. And I went ahead to close 0.5 BTC position and I was supposed to lose about 200€ on this but instead of 200€ I lost 24.82€ and 0.43989 BTC (about 5700€ at the time), and than another 0.1 BTC = 0.53989 BTC lost to the bug. + Trades no. TN3GFZ-MUTQZ-UUEGJT and TLAROT-6QQCT-D7K7VB, you can see the screen shots here: https://postimg.org/gallery/23wckpjj0/629bad23/ + Of course after that I did what you are supposed to do when you find a serious BUG, you contact support and wait for instructions. What a mistake that was. + +**“Support** **time”** **-** **15th** **-30th** **January** + +* I contacted Kraken support Ticket #1369001, I managed to get my ticket “escalated” quite fast. I was contacted by Mr. Jochen from Kraken customer support quite fast I must say. +* But here is where real problems started. + Jochen sent me 2 emails on the 15th, Jan but he didn’t answer not one question I had or gave me any useful information. He just said: “We have identified the issue and hope to resolve this as soon as possible.” + My main question was: **“What do I do with my open positions?”** + There’s a bug… If I closed my positions I would get completely liquidated. Jochen completely ignored me and he answered my question on the 30th of January saying: “The bug is resolved and you can close positions without issues.” That’s 15 days to late. If I closed the positions on the 30th I would have some 0.3 BTC left on the account. + +**E-mails** **-** **15th** **Jan** **-** **1st** **of** **Feb** + +* During this time I sent over 30 emails to Jochen and Robert from Kraken customer support. +Robert didn’t replay not even once. And Jochen sent me 3 emails. 2 on the 15th saying that they are “on top” of the problem and 1 on the 30th (15 days to late) saying that I can close my position (and get liquidated). + You can see his emails here: https://postimg.org/gallery/1u0tompss/ + And you can see some of my emails here: https://postimg.org/gallery/33nm6p924/ + My emails for the first few days were: “What do I do? **Can I close my position?**” and then after they were just: “Can someone please answer me?” + +**Summary** **1st** **of** **Feb** + +* I had 2.14 BTC before the Kraken went down +* I lost 24.82€ and 0.53989 BTC directly to the BUG +* I lost another 10 436.01€ and 0.1172BTC holding because of the BUG (waiting for the replay for 15 days) +* And I lost some 0.3 by my own fault trying to trade without margin… (has nothing to do with bug, I was panicking, and I’m not expecting to get this bit back) xD +* After closing all the positions I have 1880€ or 0.25BTC at current prices left on my account. + +* Witch makes my **total** **losses** **to** **the** **BUG:** **~1.6BTC** + +**Questions** **for** **Kraken** **staff:** + +* Can I please talk to someone…**actually** **talk…** **back** **and** **forth** **conversation…???** + Why didn’t you answer me for so long? + When will I be reimbursed? And in which currency? + Will I be reimbursed for indirect loses as well? + There’s only a small number or people affected by the bug, why is this lasting for so long? + WHERE IS MY MONEY ?? + Will I have to wait for another 15 days for your answer? + Can someone please answer my questions finally? + I did everything “by the book”, I found the BUG, I reported it and I waited for your instructions. Was I supposed to lose my funds to the BUG on purpose? + +**Other** **People** **affected** **by** **the** **BUG:** + /u/Meteorite777, /u/dofarian, /u/Stark2019, /u/traderjoesmo, u/dark_gunner1 and /u/yunglymedisease + +**Kraken** **Staff** **I’m** **expecting** **some** **answers** **from:** + /u/kraken-tyler, /u/jespow, /u/kraken-jpj + +**EDIT:** + +* I’ll update the topic how the story evolves +* I’d appreciate an upvote for visibility. Thank you very much… + +OJM +1st of February 2018 + + +* ps. +posts from other people affected by the BUG +please upvote all of us: +https://www.reddit.com/r/btc/comments/7q8um2/psa_major_kraken_bug_resulting_in_missing_funds/ +https://www.reddit.com/r/ethtrader/comments/7q8pe7/major_unresolved_bug_with_kraken_please_upvote/ +https://np.reddit.com/r/ethtrader/comments/7qcj9u/why_kraken_is_an_unsafebad_exchange_and_why_you/ + + + +* EDIT II: +the post is being down voted by the Kraken people I'd sad... (why would anyone else down vote this post?) +please upvote to counter.... + +**______________UPDATE's_______________** + + +**UPDATE I.** + + +https://www.reddit.com/r/ethtrader/comments/7ui3gk/kraken_bug_how_kraken_exchange_destroyed_my_acc/dtldask/ + +This is the latest comment by /u/kranen-tyler **HOW** **IS** **THIS** **FAIR** **???** + + + + +**UPDATE II.** + +I just received an email from Kraken customer support member Alex: +>From +Me <o@mail.com> Fr 2. Feb 03:24 +To +Alex (Kraken Support) <support@kraken.com> +Re: [Kraken Support] Re: lost to much BTC after closing the margin trade +Hello Alex, +Thank you very much... This is excellent news... +and can you tell me anything about returning the funds that I lost due to the "forced hold" for over 15 days? +or was I supposed to deliberately activate the BUG to get the refund ? +and can you please stay in contact with me and the other lads until this matter is finished. +Thank you very much once again. +Best regards, +OJM + + +>2. Feb 2018 03:17 by support@kraken.com: +Alex +Alex (Kraken Support) +Feb 1, 19:17 PST +Then engine took an incorrect amount of XBT on position closing. +Ledgers: +LZYLNT -.44 +LD4VFK -.1 +Show the .54 XBT taken. Your account will be credited with the full amount, the position will stay closed at less cost to you than the actual position loss. +I will try to get these funds credited to your account as soon as possible. +Your account will also be credited with 50k KFEE, this will cover $500 in trading costs. +Alex- +Kraken Client Engagement +Ticket #1369001 +This email is a service from Kraken Support. Delivered by Zendesk. + + +**UPDATE III.** + +This morning I received the following from Kraken: + +_02-02-18 07:44:30 +0000 Adjustment Bitcoin (XBT) ฿0.54000_ + +at the current prices this is worth 3700€ + +this makes my total losses to the BUG at 13-14.000€, or in other words I was reimbursed for **about 20%** of the total losses... + +**_I still didn't get no replay to any of my questions_**, no emails, no apology, just the "notice" you can see above in UPDATE II. + +is it too much to ask a nice back and forward conversation? + +I mean this is great news, and we did get something back, fer play to Kraken, not every exchange would do it. + +but can we please get someone from the Kraken customer support on the case... **someone who will actually talk to us...** answer some questions...? + +**UPDATE IV.** + +Some really good news guys: +I just got this email yesterday + +>David (Kraken Support) Feb 2, 21:54 PST +Dear O, +We have received your message, and we'll have a trading specialist review your trades to verify your losses. If your loss was due to our error, then we will reimburse you for the loss. Please allow us 2-5 business days to complete our review. +Sincerely, +David +Client Engagement +We do not provide phone support. Please beware of phone scams: https://support.kraken.com/hc/en-us/articles/115012482487-Beware-of-phone-scams +Ticket #1369001 + + +REALLY really good news... + +Someone is finally on the case and hopefully now everything will be grand... + +I'll keep you updated... + +ps. + +you can find my replay to David's email here: http://textuploader.com/dh0ua +I am beyond ecstatic. I know it really isn't a big deal in the way of debts, but it really does feel like a major milestone to have finally cleared it. +If you wish to trade Bitcoin, and not just HODL, here is how based on historical data. + +# Buy Bitcoin: + +When price is below 2 Year Moving Average + +&#x200B; + +[2y MA Buytimes](https://preview.redd.it/77o6wlya8mc81.png?width=1326&format=png&auto=webp&s=f63540876c57c395eb0154d84f40734dbc3322fe) + +When Puell Year Multiple is below 0.5 + +&#x200B; + +[Puell Buytimes](https://preview.redd.it/2erqqh4i8mc81.png?width=1414&format=png&auto=webp&s=1ef12daa7bbea20633ca427d633fc7a02eb67d95) + +When Fear and Greed Index is below 20 + +&#x200B; + +[F&G Buytimes](https://preview.redd.it/nvrp83mp8mc81.png?width=1446&format=png&auto=webp&s=a7ea9d436e86b1389726b8680f98d994debe921c) + +*Buy times usually line up: Like in January of 2019.* + +# Sell Bitcoin: + +When price is above 2 Year Moving Average x5 + +&#x200B; + +[2y MA Selltimes](https://preview.redd.it/vk3znfw09mc81.png?width=1376&format=png&auto=webp&s=36ffaa46b1d56495f5615e1376eeedbc1eaf3153) + +When Puell Year Multiple is above 4.0 + +&#x200B; + +[Puell Selltimes](https://preview.redd.it/dg5wa3i69mc81.png?width=1364&format=png&auto=webp&s=496466499106e7b491ad9c3ca61513423f835717) + +When Fear and Greed Index is above 75 + +&#x200B; + +[F&G Selltimes](https://preview.redd.it/v42djsqh9mc81.png?width=1460&format=png&auto=webp&s=abcc34370ebff2cd08252f168976bd2825776518) + +*Selltimes line up less, but did so at the end of 2014 and end of 2018.* + +It’s that easy. I mean I'm not going to do it because I’m never selling the greatest most appreciating asset I own, but if you are so included, these are your best bets. +If you wish to trade Bitcoin, and not just HODL, here is how based on historical data. + +# Buy Bitcoin: + +When price is below 2 Year Moving Average + +&#x200B; + +[2y MA Buytimes](https://preview.redd.it/77o6wlya8mc81.png?width=1326&format=png&auto=webp&s=f63540876c57c395eb0154d84f40734dbc3322fe) + +When Puell Year Multiple is below 0.5 + +&#x200B; + +[Puell Buytimes](https://preview.redd.it/2erqqh4i8mc81.png?width=1414&format=png&auto=webp&s=1ef12daa7bbea20633ca427d633fc7a02eb67d95) + +When Fear and Greed Index is below 20 + +&#x200B; + +[F&G Buytimes](https://preview.redd.it/nvrp83mp8mc81.png?width=1446&format=png&auto=webp&s=a7ea9d436e86b1389726b8680f98d994debe921c) + +*Buy times usually line up: Like in January of 2019.* + +# Sell Bitcoin: + +When price is above 2 Year Moving Average x5 + +&#x200B; + +[2y MA Selltimes](https://preview.redd.it/vk3znfw09mc81.png?width=1376&format=png&auto=webp&s=36ffaa46b1d56495f5615e1376eeedbc1eaf3153) + +When Puell Year Multiple is above 4.0 + +&#x200B; + +[Puell Selltimes](https://preview.redd.it/dg5wa3i69mc81.png?width=1364&format=png&auto=webp&s=496466499106e7b491ad9c3ca61513423f835717) + +When Fear and Greed Index is above 75 + +&#x200B; + +[F&G Selltimes](https://preview.redd.it/v42djsqh9mc81.png?width=1460&format=png&auto=webp&s=abcc34370ebff2cd08252f168976bd2825776518) + +*Selltimes line up less, but did so at the end of 2014 and end of 2018.* + +It’s that easy. I mean I'm not going to do it because I’m never selling the greatest most appreciating asset I own, but if you are so included, these are your best bets. +Hi Reader, + +My name is Blake and I’m an idiot. I am 28 years old, have $120k+ of debt with zero actual assets. + +Bam! That’s hard to actually admit. But I intend to fix this over the next few years and thought a blog might help me be accountable and to maybe help someone else in a similar situation find inspiration. + +Here is a breakdown. + +Car loan 10kRent to buy home contract (only way I could see of getting a home in my credit score situation.) $70k plus $100 per week in rent until it’s paid off.$39k in a debt consolidation agreement part ix. + +I am behind in payments on almost all of this – except the home. + +**EDIT**I was on 91k for the last 3 years and have just jumped into a job where**I am on $120k per year leaving me about 7k after tax a month. + +Pay +$7000. Child support -$1160. Rent to buy -$650. Debt part ix -$1015. Car loan -$360. My leftover amount covers bills, groceries and silly purchases. + +I am going to fix this so I am living below my means but not becoming a penny pinching sob story. + +Here is the plan. + +The next few months will be tough. + +Minimising my expenses. Pay the overdue accounts back up to date. Close any unnecessary bank accounts and only run 2 accounts (a transaction account and a savings account) All while saving 20% of my take home pay for the start of an emergency fund (I’ll be aiming for 3 months of take home pay for it so $21k)(this will also be a long term goal) + +Once I make it through the next few months I will reassess and create further goals. + +So join me on my journey to reverse my mistakes and feel free to get in contact to give me tips, share your stories or ideas. +We've all heard the 1% rule. But almost every major city I see doesn't get 1%. Often nowhere close to that. I've calculated some areas as cash flowing maybe .5% if that. But there's obviously tons of people buying the properties to rent them out. Surely they're not just bad investors and have a different goal? + +What is their thinking, and why isn't that mentioned more as a strategy? I often hear from some on Reddit that 1% is pretty much the *minimum* they'd do. I suspect appreciation is the answer, but that's just my guess. +I'm not sure how much traction this will get and I might be in the minority here.... Also bear with me, I'm on mobile due to the power going out. + +Anyway, I subscribed to this sub to see posts about real estate investing, people's numbers, their spreadsheets, ideas and strategies. As of late, there are numerous posts that are just political circle-jerking. Many articles are being shared that are little more than opinion pieces on proposed legislation that the OP then gets their jollies off calling "leftist commie ideas". I get it, legislation affects what landlords can and can't do, but posting about and discussing legislation is different than posting about "wild crazy ideas" only to be like, "man wtf are they thinking"..... + +And I'm proud of a large percentage of you guys that generally correct the OP or give an alternative view of things. + +Again, I realize a lot of this is being inflated by what's going on with Covid and the media overall sensationalizing everything.... Sorry for the rant. +Whenever we see an event that takes a small toll on the entire marketing always remind my friends not to put all their cash right into the market. If you bought the first 5% down in March 2020 (as many did) you still had a long way down before it came back up. Smart investors know what they’re going to do *before* an event takes place. How much you add in and at what stages if up to your risk tolerance, goals, specific securities or funds you’re watching etc… I personally made a few small purchases today, but if the markets did the same thing every day for 2 weeks I’d still have residual cash to add in. +I was wondering if you have any opinions about the effects of the possible coming inflation in the U.S. can have on the EUR/USD conversion rate? There have been some hypotheses that the U.S. is about to experience high inflation due to the money printing from the feds and the stimulus packages. + +For context, I have a loan in USD, but earn in EUR, so I am trying to decide (speculate) about the best repayment strategy. + +Thanks! +I am new to the entire options trading strategy and honestly, it has been going really well. I went abit crazy on the CSP for AMD so it earned a little more. But for the PMCC strategy, I stuck to a strict 0.9 delta and selling 0.1-0.2 delta weekly, and it has been able to generate almost 3% a month without a sweat. + +But it confuses me, if it is so easy to execute and doesnt take much capital (a SPY PMCC is only 12,000) why isnt everyone rich. A 3% monthly return translates to at least 30% (maybe some losses here and there to buy to close) and compounded over a couple of years, it would easily make anyone a millionaire. + +Can someone explain that? +At least that's been my experience. IBKR, T212, eToro, DeGiro are my frames of reference. The know your customer process takes about 2-3 days minimum. + +So the "I found this. I trust you. I'm in." Is almost completely bullshit. Especially the "never invested before, first time, just yolo'd". + +Like... How dumb do they think we are? +I’m not hating on nor am I praising NFTs. I’m just saying that NFTs do indeed have potential for extra use cases yet for some reason all the hype was centered around hyper expensive JPEGs of apes and pixelated portraits. + +Billions of dollars combined were dumped into these NFT projects and I just hate the fact that we never saw any utilization of these funds. + +Okay, you made your point “if someone is willing to pay for it, then its valuable” that’s great. But what else did you contribute to the market and the whole existence of crypto? Nothing… + +NFTs can be used for a multitude of things. + +It could be used in music streaming, legal documents of irrefutable ownership, fight against counterfeit and much more than hasn’t been tapped into because the sole focus was on JPEGs. + +Gaming was also a huge success with NFT utility but sadly it soon got ruined as well because of all the lookalike games. + +See, because this market isn’t regulated there isn’t any standard or quality control so any developer can basically create a knockoff of a successful and popular NFT game and still make some cash. + +This utterly destroyed the NFT gaming market and stole one last utility that NFTs had going for them. + +We still see some funding going toward actual utility though. + +There are some new music streaming platforms utilizing NFTs. I’m also starting to see some concerts selling NFT tickets. And there are some organizations like BitDAO working on bringing back the glory of NFT gaming through funding NFT gaming projects like Game7 that actually work on creating exciting and entertaining games unlike most of the knockoffs we’re seeing today. + +But that alone is not enough. Even during this bear market and with the NFT market cap falling to record lows, the absolute amount of money invested in NFTs that bring zero utility to the crypto space is absurdly large. + +We seriously need to stop buying into hype and start funding things that can actually help crypto go mainstream and gain more adoption from companies and institutions looking to utilize crypto into their systems of work. +Hi everyone, + +For a long time now I’ve read lots of inspiring posts from people who have a got themselves out deep financial holes, or people who have started their own road to recovery. I’m been down a deep dark money hole for so long I don’t think I’ll ever get out to be honest. I suppose I would just like to hear about how people have managed to recover, and if it’s really possible to turn things around. + +&#x200B; + +I’m 39 years old, £47K in debt, married with two young children (4 & 2). A combination of bad decisions, big loans, credit cards and 20 years of struggling with a gambling problem, all contributed to that big debt number. Despite having a good job I struggled in my 20s in a payday loan spiral, which took a good number of years to escape. And I gambled and gambled, so deep in the mess to realise how bad it was. With support from GamCare and some really helpful individuals I’ve managed to put the gambling behind me, and though I have to live with being an addict I have no desire to return betting ever again. Gambling is vice that grips you tight. I use to gamble in my sleep, I’d never stop. Recently I stepped back and looked at the mess, made myself accountable, and knew this couldn’t continue. Now it’s time to take on the next mountain. The debt. + +&#x200B; + +If I forget about the finances, life has been good to me. I have an amazing wife, two beautiful children. Two years ago we managed to buy our first house. We are happy and life is good. But when you look under the covers, the finances are a mess. I’ve spoken to Stepchange in the past. I earn about 35k a year, My wife works part-time earning about 22k. Decent enough salaries, when we did our budget with Stepchange we had a range of options. As we had an excess in our budget the most sensible option was to maintain the payments and try to pay the debts down over time. On paper that seems manageable, but I’m struggling. As is evident managing money is not my strong point, but it's always been my worry. It's funny how thing that you're really terrible at is always at the front of your mind. It does wonders for your self confidence! + +&#x200B; + +As much of this debt in my fault, I hold myself accountable. So I need to pay it. But as my wife is only part-time much of my salary goes on the bills - mortgage, utilities, loan and card repayments, car, insurances etc + +&#x200B; + +*The breakdown is something like this… ( I do have a full budget spreadsheet, so I know on paper what we spend. But that doesn’t always reflect on the bank statement)* + +*My salary - 1950 (money comes off gross salary for pension and childcare and a few other work benefits - critical illness cover etc)* + +*Partners salary - 1250 (again money off gross for pension and childcare)* + +***Main monthly outgoings*** + +*Mortgage, utilities, council tax, car, insurances, tv internet, phones etc - 1600 per month* + +*Loans and credit card min repayments - 700* + +*Groceries - 500 - 600 per month (this seems high, but I track it with Monzo and that’s what we spend, and we are not that extravagant. We buy in bulk and eat healthy. I don't really want to change that)* + +Updated to include a better breakdown... + +1600 is like this.... + +Mortgage 780 + +Energy 88 + +car tax 14 + +Council Tax 180 + +Mobile phone x 2 (both my self and wife) 60 + +bt (broadband) 36.99 + +TV licence, netflix + factor fees 60 + +Mbna 50 + +Life Insurance + buildings, contents, life and critical illness 85 + +Car repayment 265 + +Debt is... + +LOAN 1 384 per month (26500) (6.2%) + +LOAN 2 126 per month (8500) (7.2%) + +Natwest CC 140 min per month (8300) (7.2 apr) + +M&S CC 50 min per month (2700) (18% apr) Zero percent deal expired and credit not great to get another one + +Overdraft 1000 + +&#x200B; + +That’s the main expenses we’ll obviously have other things like petrol, clothing and days out with the kids etc. So there’s not much left at the end of each month. We try to build up a little savings / emergency fund, but then it just gets spent. We’ve had things we’ve had to do around the house too. So we need to build that up again - ideally between 1 - 3K. + +&#x200B; + +The debt is mine. I want and need to pay it. Much of the bills come out of my salary - mortgage etc and all the min repayments. So I always feel like I’m chasing my tail and don’t have much else I can throw at it. Getting a second job. cutting costs are big options. Covid stopped my overtime at work, but it's slowly returning so I can pick up extra cash doing weekend shifts - maybe get another £200 - 300 a month. It's still a drop in the ocean to what I owe though! + +&#x200B; + +I have my pension, I pay the max I can each month to that which is 8% - roughly 260 per month, my work add another 10%. - Value is about 50k at the moment. So this is good and I’ll thank myself later (I still do know if it enough for retirement!). Do I drop this pension payment down for a couple of years to throw money at the debt? That seems like a mistake to me. + +&#x200B; + +We inherited some money recently (not much), so I paid off a little of the debt and we had some major things to fix around the house, so that got done. And I put 5k each away for the kids in an S&S ISA on a Vanguard Index fund. Which we will add too and they should have a healthy pot of money when they get to their 20s. Also we have about 1 - 2k in a savings account - money they’ve been given as gifts and we’ve added. We are planning to put that in another S&S ISA and add and grow it over the next 20 years to help pay for weddings and other lifetime events when the kids are older - so I think we have a semi-decent plan for that. + +&#x200B; + +But then I have almost 50k of personal debt and don’t know how to get out of it. I really want to snowball it, but I can’t seem to get started. I don’t want to declare bankruptcy, it took us a long time to get our house and I don’t want to lose it. Our fixed mortgage deal expires in 3 years and I’m worried about that. What if we don’t get offered a remortgage as my debt total has increased since we initially bought the house. That does keep me awake at night. + +&#x200B; + +Sorry for the long post. In many ways I just needed the cathartic experience of finally writing this down. But I do want to hear how another people have managed experiences like this, as I need to tackle this mountain for good. + +&#x200B; + +\[UPDATE\] \*\*\*\* I really appreciate all the replies to this thread. It's easier to just tag this on the end of this post than replying as most people have offered the same helpful advice. Get the 10K out of savings and pay off debt. I've explored this option this afternoon, and perhaps a sign of my financial naivety. The funds are invested in a JISA's so cannot be accessed. So I'm gonna have to do this the hard way!! + +It was always my intention that money (which was part of an inheritance) was for my kids future and not pay for the mistakes of my past. But accept that's a crazy way of looking at it considering the position I find myself in.\*\*\*\*\* + +&#x200B; + +&#x200B; +We keep our finances separate because it's easier for us to organize things that way. I've dropoed basically all of my savings/fun money into GME, and haven't mentioned a word of it to her partially because she has pretty strong risk aversion. She also never has good dreams. She just told me that last night she had a dream where she woke up and had $200,000 in her bank account, and paid off her credit card and her student loans, but she had no idea where the money came from. + +I don't know about you guys, but that sounds like confirmation of moon soon. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🌛 +This is the official $GME Megathread for r/Superstonk. 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PayPal has recently introduced a new "charge for lack of service" 3% transfer fee on money being withdrawn in a currency other than your primary currency. + +This is now costing any Aussie business that accepts USD through PayPal an additional 3% on top of thier already exorbitant 3.6% +30c for receiving payments from an international customer. + +I just did a test to see exactly how much this new transfer fee affects us. We had $200 USD in our PayPal account. + +At 9:10 am on the 30th I did two transfers + +Transfer 1 - $USD 100 to our Bendigo Bank Account accepting PayPal's atrocious Forex rate and received $AUD 131.11 [XE.com](https://XE.com) says the USD-AUD exchange rate at that moment was 1.3606 + +Transfer 2 - $USD 100 to our Transferwise USD Borderless account accepting PayPal's new dodgy transfer fee (aka 3%), when I received the $USD 97 I used Transferwise to convert it to AUD (at 1.35364 + USD .42c fee) and then transferred it to our Bendigo Bank account and received $AUD 134.23 + +Even with PayPal additional dodgyness we still saved 2.32% by transferring it to Transferwise first and avoiding PayPal's currency conversion markup. + +Just FYI. + +The moral to this story is PayPal are lower than a dog shit on hot asphalt and avoid them the same way. + +BTW: I thought it was illegal for financial institutions to charge fees for "services" that cost them nothing to deliver (like transferring money from one account to another). +Well, that happened quickly. + +I personally denounce u/WardenElite for his behavior. You don't call this epic community "idiots", you don't try and make money off of us, and you don't write half-assed posts that are clearly FUD when you're in a respected position. + +Let’s clarify the largest thing that many picked up and noted in his most recent post. + +# Stop Order + +Don’t use them, it’s as simple as that. I have no idea what mindset he was in when he was typing that up, but it’s very much talking like a day trader re the use of stop losses. Guess what we don’t do? Day trade, we buy and HODL. + +The mere fact of mentioning using stop orders will exacerbate the issue he is talking about in regards to stop loss hunting. The best way to avoid the situation he describes? Don’t use a stop loss. + +# Limit Order + +The largest negative about limit orders, add liquidity orders among others is execution risk. He mentions this and it’s not wrong. + +I think it’s wise that everyone knows the risk of using a limit order, but not so you don’t use it. Understanding the risk helps us know how to use it but be aware of how to better set the price of a limit order in certain market conditions. + +**Example**: Oh shit it’s moving fast (in either direction), i’ll make sure to set the limit so it’s further away from the spread instead of right next to it which is where the execution risk is the highest. + +# Market Order + +I’m pretty sure I was the first to ask apes to use different order types than just ye old Market Order, so i’ll say that if the market conditions are truly moving too fast as warden pointed out in his post (and really badly FUD like at that….) you could get burned using a limit. + +# Conclusion + +So use them wrinkles, limit orders are the best option, if the market conditions are really that bad, use your judgment as it might be better to use a market order. But with your new knowledge on the execution risk of limit sells, you should be fine in my eyes. + +Don’t use stop orders. + +Not financial advice. + +**Edit:** Just want to say not to continue attacking him. It's all done and dealt with, so let's move on from the drama. He's young, he fucked up, he has now received a life lesson that he hopefully evolve from. + +**Edit:** Been seeing questions pop up re broker limitations, e.g. eTorro. When I get back home I'll add in an update regarding my thoughts on that. + +# Round Two + +Back home (and just finished handmaid's tale season 3 - recommend), sorry for the wait. There have been two themes, the first being broker limitations on order types and the second being Stop-Limit orders. + +# Stop-Limit Orders + +Similar in name to a stop-loss order, but they are different. The main being that stop-loss guarantees execution (trade-off of price slippage, resulting in orders being filled below strike price). + +Better to explain stop-limit through an example: + +><Random Ticker> is at $190, you wanna buy, you place a stop-limit order to buy with a **stop price** of $200 and a **limit price** of $210. If the price goes above the **stop price**, the order is activated and it's now a limit order. If <Random Ticker> gaps up, above the **limit price**, the order will not be filled. + +Flip it around for the sell-side logic. Execution risk again being the main thing to understand. But understanding the risks and how to use various orders is all about adding tools to your arsenal. Know when to use what and in which situation. + +Also, develop that wrinkle further with some [more reading](https://www.investopedia.com/terms/s/stop-limitorder.asp). + +# Brokers + +eTorro is widely being asked regarding their order types, I don't use eTorro so I'm uncomfortable commenting on them directly. But I'll give you some non-financial advice that is generalizable to **every single broker.** + +Identify what order types are available to you, google their definition and understand how each functions. If you feel restricted, sure move brokers (**obviously risky**, given the squeeze feels closer than ever) to a broker that offers more order types. Else you're stuck with what you've got, learn your options, understand them and make/amend an exit plan that includes your newfound knowledge. +https://www.foxbusiness.com/money/amazon-biggest-carrier-ups-fedex + +Amazon has become its own biggest carrier after cutting ties with FedEx and reducing its reliance on UPS, which delivers about half the company's packages globally. + +Amazon ships more than 2.5 billion packages a year in the U.S., while FedEx and UPS ship 3 billion and 4.7 billion, respectively, according to recent estimates from Morgan Stanley. Amazon's deliveries will reach 6.5 billion by 2022 at $10 a package, analysts said, posing the threat of a $65 billion loss in revenue for UPS, FedEx and the U.S. Postal Service (USPS) from Amazon's business. +I stumbled upon the following Mortgage calculator: + +[https://mortgage.monster/](https://mortgage.monster/) + +Sharing as some may find it a useful alternative to the various bank offerings. Mortgage Monster appears to be capable of including/accounting for market forecasts, other costs, and extra payments (into an offset or otherwise). + +Website is attributed to Rob Shearing. Thanks Rob - looks like a useful tool. +A little background: I am a 18 yrs old and a student planning to go in Uni. I have a few thousands sitting in my bank which i amassed through summer jobs. Should i put a sum of money sit in a tfsa? Should i invest in etf’s and mutual funds? If so, i’m with td bank, which mutual funds/etfs should i invest in? + +Edit: Thank you everyone for the answers! They’re really helpful advice and I learned quite a bit and I hope people in my position learned also! +For more context, i was planning on not using the money invested in my tfsa whatsoever and let it grow for 10-15 yrs with the “buy and forget” mindset to eventually be able to afford a house per instance. So i think i’ll just go for VGRO like ETF’s in wealthsimple and compound the returns in my tfsa. I think investing 2000$ on diversified etf’s and then proceed with 100$/month on the same etf’s. I do understand i am young and a high risk high reward could be the move, but i don’t have a full-time job and salary that i could use to pay losses and debts. +1. Early November it's announced BTC will have two Futures Market. +2. Shortly after the announcement Hedge Fund Managers along with the wealthy elite start buying up BTC by the billions in order to drive price up to ATH (19k) with the knowledge of knowing they would short the 1st BPOE future. +2. First Future Market set at 15k +3. Hedge Fund Managers start laddering sales of their now ATH BTCs making BILLIONS. +4. These large sales slowly create panic and more people start selling. By this time The hedge funds guys are close to cashed out. +6. Market takes a dump and the Hedge Funds Made Billions buying BTC Low and selling high while at the same time NAILING their short call on Future Market. + +OK GREAT HEIST RIGHT? BUT WAIT THATS NOT ALL. + +7. Hedge Funds Managers and Wealthy Elite go LONG on BCME Future which is due 10 days after the first futures call. +8. Market takes a complete nose dive back to 9k and gues who is their to start buying again? Thats right the Hedge Fund Managers and Wealthy Elite. +9. With their newly made BILLIONS the Hedge Fund Managers push the price back up over course of 7 days in order to hit their LONG CALL on 2nd Futures market. + +If you see a spike in the price of BTC and overall market cap after 1pm PST today (when 1st future call settles) you will have witnessed one of the greatest robberies of ALL TIME. + +EDIT: PLEASE NOTICE THE AMOUNT OF PEOPLE USING AD HOMINEM ATTACKS ON ME BECAUSE I POST TO r/conspiracy TELLING HUH? + +EDIT 2: We dont need regulation we need innovative blockchain companies that would squash this.... There are financial disrupters working on this as we speak...... These companies will be truly change finance like Orbitz changed the travel industry. + +EDIT 3: 30 Minutes till settlement and BTC is up close to $1000 in the last hour. +EDIT 4: 30 Minutes after close of 1st future BTC up another $1000 That is a $2000 spike in an hour and a half. + +EDIT 5: Thank you kind souls that gave me gold.... I wonder if I can buy StrongHands With it? Also let me set the record straight..... I DONT KNOW SHIT. I've been trading Crypto around three months. I'm not a guru nor should you take what I say as financial advice. One thing I've learned in three months which has been MOST USEFUL is understanding peoples reactions to new and the human emotional decision making process can be predicted to some extent. + +EDIT 6: Just seen that CME has a new subscription service allowing us to get live info on their futures market. "Due to client demand, we are providing BTC data in real-time until January 26, 2018. If you would like to license real-time data after that point, visit our Market Data section". http://www.cmegroup.com/trading/equity-index/us-index/bitcoin.html +Hi, + +So I just found out I’ve won £1,000,000, and I’m pretty clueless. I currently live rent free with my parents, and have no debt. + +I’d like to move out when possible, and purchase a new car with the money. + +I have someone in the family who works in wealth management and has arranged for me to meet with them and a financial advisor. I would like to invest the money and pay most my bills from the interest. + +I am wondering how much I can afford to give to my family still leaving me enough to invest. + +Any advise is appreciated! +Fund of $95,000 and I will only need $30,000 of that tops. Right now the money is just going into my checking account. My initial thoughts were to hold back $30,000 in checking or savings then invest the rest in index funds to later put a hefty down payment on a house after 5-10 years. My big three questions are what type of account is best for the initial $30,000? How do I go about buying index funds cheaply? How much should I intend on putting into a downpayment vs a retirement plan? + + +Edit: None of this is student loans, read pls + +Edit 2: Thanks everyone for contributing to the conversation. This is more advice than I ever thought I would be getting and it is very helpful. Also the mods here are amazing. +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! +This is based on data provided at [https://nifty-pe-ratio.com/](https://nifty-pe-ratio.com/) + +This might mean prices are good enough already to invest specially for Nifty Index investors. Please feel free to refute this. + +EDIT: Please keep in mind that the earnings will take a hit so this PE is expected to increase once the new earnings come. +From past few days I am getting random OTP sms messages from my bank for a supposed request initiated through Internet Banking, even though I have not initiated any of these requests. + +I am worried that someone else might be making these requests. Anyone faced anything similar? Am I being paranoid or should I be worried? what steps should I take to safeguard myself? + +Thanks in advance! +There are around 30 health insurance companies in India. I have asked multiple questions about the best health insurance plan and have not received a satisfactory response. Hence I took the initiative myself and compare the companies and plans in India. This is part 1 of my research. Please correct any mistakes and give your inputs. + +&#x200B; + +**IRDAI** \- Insurance Regulatory and Development Authority of India. This agency regulates the insurance industry in India. + +&#x200B; + +They released their annual report on December 16, 2019. The report can be found at: [IRDAI all annual reports](https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_NoYearList.aspx?DF=AR&mid=11.1) + +According to the report, below is the ICR % of all the Health Insurance companies in India. + +&#x200B; + +**Public Companies** + +|*Company Name*|*ICR this year (2018-2019)*|*ICR last year (2017-2018)*| +|:-|:-|:-| +|National insurance|107.64|115.55| +|New India assurance|103.74|103.19| +|Oriental insurance|108.80|113.86| +|United India insurance|110.51|110.95| + +&#x200B; + +**Private Companies** + +|*Company Name*|*ICR this year (2018-2019)*|*ICR last year (2017-2018)*| +|:-|:-|:-| +|acko general|24|65| +|bajaj allianz|85|78| +|bharti axa|89|98| +|cholamandalam ms|35|40| +|dhfl general|46|08| +|edelweiss general|115|70| +|future general india|73|87| +|HDFC ergo general|62|53| +|Go digit|11|60| +|ICICI lombard|76|68| +|IFFCO Tokio|102|91| +|Kotak Mahindra|47|48| +|Liberty Videocon|82|75| +|Magma HDI|90|35| +|Raheja QBE|33|18| +|Reliance general|94|107| +|Royal sundaram|61|61| +|SBI general|52|53| +|Shriram general|53|51| +|TATA AIG general|78|61| +|Universal Sompo general|92|104| + +&#x200B; + +**Standalone Health Insurance Companies** + +| *Company Name*|*ICR this year (2018-2019)*|*ICR last year (2017-2018)* | +|:-|:-|:-| +|Aditya birla health|59|89| +|Apollo munich health|63|62| +|Cigna TTK health|62|46| +|Max Bupa health|54|50| +|Reliance health|14|na| +|Religare health|55|52| +|Star Health and allied|63|62| + +&#x200B; + +&#x200B; + +* What is ICR percentage? + +*ICR % = Total money paid by the company to the users as claims / Total money received by the company as premium. x 100* + +Higher ICR is better. ICR % of 20 means the company received ₹100 as premium but paid back only ₹20 as claims. + +ICR of over 100 means that the company is paying back more than it is receiving. In that case, the company may be running in losses. + +&#x200B; + +**All public companies have over 100 ICR. All 4 of them have paid at least 200 crores more than they have received each year.** + +&#x200B; + +**Companies with too low ICR are:** + +Acko general + +Cholamandalam + +DHFL general + +Go digit + +Kotak Mahindra + +Raheja QBE + +Reliance + +&#x200B; + +They have paid less than half of what they have received. ICR < 50 + +&#x200B; + +Please consider this data when buying Health Insurance. + +ICR alone is not the criteria. In the next few posts, I will compile and compare more data to reach a general consensus. + +&#x200B; + +Edit: formatting +THE SEC HAS THE POWER TO END THIS - THEY'VE DONE IT BEFORE AND CAN DO IT AGAIN + +This is extracts from a 92 page document, I highly recommend reading the whole thing + +[https://www.sec.gov/rules/final/2008/34-58773.pdf](https://www.sec.gov/rules/final/2008/34-58773.pdf) + + Effective Date: October 17, 2008 until July 31, 2009. + +July 2008 (the “**July Emergency Order**”) and September 2008 (the “**Short Sale Ban Emergency Order**”) + +In these orders we noted our concerns about the possible use of unfounded rumors regarding the stability of financial institutions by short sellers for the purpose of manipulating the prices of securities issued by the financial institutions to increase profits through “naked” short selling.3 + + We intend that the temporary rule will address potentially abusive “naked” short selling by requiring that securities be purchased or borrowed to **close out any fail to deliver position in an equity security by no later than the beginning of regular trading hours on the settlement day following the date on which the fail to deliver position occurred**. This temporary rule should provide a powerful disincentive to those who might otherwise engage in potentially abusive “naked” short selling. + + The July Emergency Order required that, in connection with transactions in the publicly traded securities of the substantial financial firms identified in Appendix A to the Emergency Order (“Appendix A Securities”), **no person could effect a short sale in the Appendix A Securities** using the means or instrumentalities of interstate commerce **unless** **such person** or its agent had borrowed, or arranged to borrow, the security or otherwise **had the security available to borrow in its inventory, prior to effecting such short sale**. The July Emergency Order also required that the short seller deliver the security on settlement date, prohibiting any fails to deliver in the Appendix A Securities.24 + + T**he Short Sale Ban Emergency Order temporarily prohibited any person from effecting a short sale in the publicly traded securities of certain financial institutions**. On October 2, 2008, we extended the Short Sale Ban Emergency Order due to our continued concerns regarding the ongoing threat of market disruption and investor confidence in the financial markets.28 Pursuant to the extension, the Short Sale Ban Emergency Order terminated at 11:59 p.m. EDT on October 8, 2008. + + As discussed above, due to our concerns about potentially abusive “naked” short selling in certain non-threshold securities, we recently issued the July Emergency Order to temporarily impose enhanced requirements on short sales in the Appendix A Securities. Following our issuance of the July Emergency Order, we issued the Short Sale Ban Emergency Order in which we took the additional step of prohibiting short selling in the securities of a wider range of financial institutions than those subject to the July Emergency Order. In addition, we issued the September Emergency Order which, in part, imposed enhanced delivery requirements for transactions in all equity securities and made effective immediately a “naked” short selling antifraud rule. **We took these emergency actions because we were concerned about panic selling in securities due to a loss of confidence that could be further exacerbated by “naked” short selling.** + + In addition, we are concerned about the negative effect that fails to deliver and potentially abusive “naked” short selling may have on the market and the broader economy, including on investor confidence. **Temporary Rule 204T addresses these concerns by requiring a participant to immediately close out a fail to deliver position by purchasing or borrowing securities by no later than the beginning of regular trading hours on the Close-Out Date** + +&#x200B; + + If a participant does not purchase or borrow shares, as applicable, to close out a fail to deliver position in accordance with temporary Rule 204T, the participant violates the close-out requirement of the temporary rule. In addition, the temporary rule imposes on the participant for its own trades and on all broker-dealers from which that participant receives trades for clearance and settlement (including introducing and executing brokers), **a requirement to borrow or arrange to borrow securities prior to accepting or effecting further short sales in that security.** + + Specifically, temporary Rule 204T(b) provides that the participant and any broker or dealer from which it receives trades for clearance and settlement, including any market maker that is otherwise entitled to rely on the exception provided in Rule 203(b)(2)(iii) of Regulation SHO,71 **may not accept a short sale order** in an equity security from another person, or effect a short sale order in such equity security for its own account, to the extent that the broker or dealer submits its short sales to that participant for clearance and settlement, without first borrowing the security, or entering into a bona-fide arrangement to borrow the security, **until the participant closes out the fail to deliver position** by purchasing securities of like kind and quantity and that purchase has cleared and settled at a registered clearing agency.72 + + 78 See 17 CFR 203(b)(3)(vii) (discussing bona fide purchases for purposes of Regulation SHO). It is possible under Regulation SHO that a close out by a participant of a registered clearing agency may result in a fail to deliver position at another participant if the counterparty from which the participant purchases securities fails to deliver. However, **Regulation SHO prohibits a participant of a registered clearing agency, or a broker-dealer for which it clears transactions, from engaging in “sham close outs” by entering into an arrangement with a counterparty to purchase securities for purposes of closing out a fail to deliver position and the purchaser knows or has reason to know that the counterparty will not deliver the securities, and which thus creates another fail to deliver position**. See id. at (b)(3)(vii); 2004 Regulation SHO Adopting Release, 69 FR at 48018 n.96. In addition, ***we note that borrowing securities, or otherwise entering into an arrangement with another person to create the appearance of a purchase would not satisfy the close-out requirement of Regulation SHO. For example, the purchase of paired positions of stock and options that are designed to create the appearance of a bona fide purchase of securities but that are nothing more than a temporary stock lending arrangement would not satisfy Regulation SHO’s close-out requirement.*** + +&#x200B; + +# In addition, we seek comment on the following + + The temporary rule requires participants to immediately close out a fail to deliver position by no later than the beginning of regular trading hours on the Close-Out Date. S**hould we narrow the close-out requirement further?** S**hould we allow** a longer or **shorter period of time within which to close out a fail to deliver position?** What would be the justifications for allowing a shorter or longer close-out period? + + **Should we permit participants to close out a fail to deliver position for long sale transactions by borrowing as well as purchasing securities**? Please explain. + + The temporary rule allows a participant to close out a fail to deliver position attributable to bona fide market making activity by a registered market maker, options market maker, or other market maker obligated to quote in the over-the-counter market by purchasing securities of like kind and quantity by no later than the beginning of regular trading hours on the third settlement day after the settlement date. **Should this close-out period be a shorter or longer time-frame?** Please explain. + + An arrangement to borrow means a bona fide agreement to borrow the security such that the security being borrowed is set aside at the time of the arrangement solely for the person requesting the security. **Should we define “arrangement to borrow” as requiring a contract between the broker-dealer and the lending source?** + + Should temporary Rule 204T(b) require that participants and broker-dealers from which participants receive trades for clearance and settlement borrow securities prior to effecting further short sales, rather than allowing for either an arrangement to borrow or a borrow? If a fail to deliver position has not been closed out in accordance with temporary Rule 204T, **should we prohibit the participant, and any broker-dealer from which it receives trades for clearance and settlement, from effecting any further short sales until the fail to deliver position has been closed out?** + + The temporary rule imposes a close-out requirement on fails to deliver for all equity securities. Due to this hard delivery requirement **is it necessary to retain the “locate” requirement of Regulation SHO for short sales?** What are the benefits of continuing to require that broker-dealers have a **reasonable grounds to believe that a security can be borrowed** so that it can be delivered by settlement date if a participant is required to immediately close out a fail to deliver position by no later than the beginning of regular trading hours on the Close-Out Date? + +&#x200B; + +\-------- + +Tldr; SEC can issue an emergency order. First order aimed to stop all FTD's by reducing the cycle to three days, and to prevent continued short selling if you had outstanding FTD's. The second order straight up banned short selling. They then put out a series of highly directed questions to get feedback on how to best target those responsible for the abusive naked short selling. + +&#x200B; + +Get your ass into top gear Gary. You know it's happening. You know how to stop it. There is a precedent. + +https://preview.redd.it/qw9zgckod2i71.png?width=1916&format=png&auto=webp&s=03a9dc2cb675d1ef8636a39ee38c3d4a11d06a1c +I don’t typically enjoy adding to stocks when they are in a downtrend, but it has worked well for me with dividend stocks in the past (KO, KDP, PEP, PG, FAST, NTAP, others). Lots of stocks on sale, so which do you like right now? +I would be extremely appreciative if someone could very guide me through the steps I should take to invest this money in ETF's with the intention of continuing to invest $250 monthly thereafter. + +I'm 25, based in Canada, will receive the $7,000 in a few instalments and would like to invest $250 monthly thereafter for at least the next 20-30 years. + +I've been looking at the Questrade and the Wealthsimple app, which one makes more sense for my situation? Do either of these apps have an option of automatically taking $250 out of my bank account and investing it back in the ETF? Lastly, the big question is obviously which ETF should I invest in? I was looking at XEQT. Is there a more recommended ETF? + +Is it as easy as? + +1. Download one of the apps +2. Transfer/deposit $7,000 into the app +3. Purchase $7,000 of XEQT or other recommendation +4. Continue purchasing $250 of XEQT or other recommendation every month? + +Please let me know if I’m missing any steps! + +Sorry for the basic questions but I hope you understand my situation and that I really appreciate any help! +I am at a time in my life where I'm trying to dig deep and discover what is really driving my ambitions. + + +I am wondering if anyone in this community has any book recommendations that might aid the thought process of discovering the 'why' behind the drive for more. + + +My biggest concern is that no matter how much I achieve, I won't be happy unless it's going to get me to where I truly want to be. We've all been there I'm sure - there's the short-lived thrill of hitting a goal, but it quickly dissipates and it's onto the next. + + +I am looking to develop more core values and mission to inform my decisions and live with minimal regrets. + + +Thanks everyone. +Hey guys, I have been lurking in this subreddit for a while and this is my first post. I have finally decided to start investing after a 6-8 months of reading books/watching youtube videos and following communities such as this one. + +I am 21 years old, recently (this year) moved to Vienna,Austria. Right now I am working at store but next year I will apply for univesity. My income is 1200 euros/month,of what I am saving 500 euros pro month and 700 goes to all of my life expenses. I already made a 5 months savings fond before my investing, as recommended. + +I want to investing in mid to long term (10-25 years). I would like to invest 75% in funds and 25% in stocks. I will invest 500 euros every month. I have already made Degiro account but I am open to new suggestions. Now,as a begginer,I have a few questions. If one of these questions have been answered,please put links in comments. + +1. What app/broker to use? As I understand, Degiro is good for stocks, but Trading212 is better for ETF. In last few years there have been some new better options with lower fees,but not as much trustworthy. Since I am in Austria,I have heard that Flatex is adding my taxes for me so it is easier. Also Flatex bought Degiro? What does that mean? + +2. When I started my journey, all tips were for USA. Why is not smart to invest to S&P 500 from Europe/Austria? What is the best equivelent to that in Europe? A1JX52? Of what is that fond even made? And what about stocks? I would like to invest in Apple,Tesla,Facebook,Amazon and Google,but is there any differnce becouse they are all american companies? + +3. No 401k roth IRA equivalent to account in Austria? Or am I missing something? I could not find anything like that. + +4. Taxes in Austria. I have seen many different answers to this question. Is it 25% on invesment? Please excuse my ignorance I am at very start and I want to cover all bases,and tax is the most confusing one. + +**I dont expect this post to get many traction becouse I assume that for you guys these things are basics,but any answer would be much appreciated! Thanks a lot in advance!** +"Most people used to cancel their cable-TV subscription only when they moved house, says Doug Shapiro, a former chief strategy officer at Turner Broadcasting System, a television company. Now, he says, they are “becoming accustomed to churning on or off over the quality of content”, signing up to devour the latest hit and then cancelling their membership. Apple TV+, which has the most serious retention problem, loses a tenth of its customers every month, according to Antenna, a data firm, meaning that every year it churns through the equivalent of more than 100% of its members (see chart 2)." https://imgur.com/a/83Wohkk + +https://www.economist.com/business/disney-netflix-apple-is-anyone-winning-the-streaming-wars/21807591 + +I didn't know there was lots of us that stop and start streaming services +Looking to move soon ( have to, can’t live at home) just trying to figure out the best calculation for how much I can afford in rent without breaking my bank and still saving. I also have student loans. +Thanks! +Since the past few days I was toying with the idea of parking my idle money, which I might need in 4 to 5 months, in overnight funds or liquid funds. These funds invest a part of it in Government Bonds and T-bills. + + +Instead of investing in those funds why not buy 91 day T-bills directly? On doing so I will be getting much better returns. + + +Is there any disadvantage in direct buying of T-bills? Will there be a lot of hassle when I have to redeem them after their maturity?? +I have a property in California that I currently “rent” to my sibling and her young family. They’re renting for well below market value. I have been saving the rent they paid and intended to gift back that money. My original plan was to take that money and help them buy their own home. But with prices going up so high I don’t think we would be able to afford a similar home in the same area anymore. She has 4 young kids and they’re very much in love with their neighborhood. + + +I paid cash for the home in 2019 so there is no mortgage. + +I was wondering what would be the most efficient way to gift this home to my sibling? The homes value has skyrocketed (up over 150k) in the last 3 years. Would I be on the hook for capital gains if I transferred the home into their name? What other tax implications are there? Would a quitclaim transfer trigger a transfer tax? + + +I have done some research online and there seem to be a lot of options and they’re all a bit confusing. I was just hoping for some advice before I speak with a lawyer. + + +Any advice would be greatly appreciated. + + +Edit: wow thanks for all the replies, after further research it might be best to put the home in a trust and make her a beneficiary as someone here suggested. I’ll be speaking to a CPA and an attorney later this week to go over all the options and see what works best for us. + + +Thank you very much for the replies. +Bill for statewide rent control was passed by Senate and now going to assembly for approval. + +State wide rent control is soon to be hitting multi unit and LLC and corporate held properties come January 2020. +Happy 4th everyone! My wife and I are currently working overseas, but looking to relocate to the Midwest at the end of this year. + +We have been considering using our cash savings to build out a rental portfolio of multiple homes in the 75-100k price range. + +We currently own and manage two cash flowing SFHs and have another 250,000 cash. We would like to use our current savings and leverage this out to at least 1,000,000 in homes with the goal of this being our primary income. + +Using the 1% rule, our plan seems like it should be possible although we don’t know how realistic we are being with the numbers, current interest rates, and the market. + +Does this seem possible, or are we being too optimistic? Any advice or insights you have about the realities of this idea. +**Kilimanjaro is growing a lot! Only 11 days old, just 600 holders and with an mcap 8x times bigger than yesterday.** They were audited today with great results and are waiting for a full listing on CMC. + +**Amazing community, devs really active:** [**https://t.me/kilimanjaro\_community**](https://t.me/kilimanjaro_community) + +**🔒Rug proof:** + +* [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) + +**💵 Purchase on Pancake Swap:** [**https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8**](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8) + +Lottery token that applies a **5% tax to each transaction**. + +2.5% is automatically burned - 2.5% goes into the lottery pool + +Cool winner selection process. Get more info and look at their awesome website [http://kilimanjaro.finance](http://kilimanjaro.finance/) +I've spent 18 yrs on the road by ER travel nursing throughout the US, and plan to retire in 2023. I own 5 properties across different states. 3 are vacation rentals with property managers, 1 is vacant that a family member maintains, and 1 has long-term renters. None of the properties have a mortgage and I like the vacation properties as I am able to stay in them as long as I block out the dates several months in advance. Since my lifestyle has been unstable geographically, I am worried I'll have no "roots" or social circle once I stop working. My life's been full of short term professional acquaintances, and I've never stayed in the same location for longer than 6 months for almost two decades. I don't know how to spend or know what I'll even do when retired. Most of the time I worked 12hr shifts 3-5 days per week, and if my assignments were near nature I would hike, mountain bike, ski, rock climb, or sail on my days off, looking back I already fulfilled most of my adventures desires and I just don't know how to "plug in" with a community if I were to stop working and settle down. + +Any retired nurses with a successful retirement that wasn't restless? +Like the title says, I'm a 35M with nearly $6MM NW (give or take, depending on the how the market is doing on any given day). Married, no kids, no intention of having kids. I'm in a $800k/yr job right now at a big tech company, and my wife earns $250k/yr at another tech company. We're adding about $400k/yr to our investments at this rate, on track to hit our $10MM fat retirement number within 5-10 years unless the market does something stupid. We hate working salary jobs and have no motivation to continue further though. The pay is good, but the day to day is absolutely soul crushing. + +Has anyone else been in this spot and left a million/yr behind to start your own business or try another line of work? What about those of you who just sucked it up and stuck it out? Did you regret it? +**EDIT: I appreciate the positive feedback and the kind words. It means a lot.** I hope you all find the chart helpful. Unfortunately though, I'm here to tell you that **I'm not going to update it anymore**. I got **immense back pain** because of my broken chair and I can't continue working like this. I don't have money to buy a new one and considering that I received zero donation/support (aside from 0.5$) it just **isn't worth it for me** to continue working on this chart, and this way also **risking my health.** Again, thank you to everyone for their kind works, I really appreciate them! + +\--- + +**INTRODUCTION** + +Hey everyone! This took me around 300 hours of dedicated work (tons of research and sleepless nights). But I'm finally finished with it and I'm proud to present to you the ultimate, the most complete crypto YouTuber tier list & analysis chart you have ever seen, with so many informations that will blow your mind (hopefully). + +\--- + +**WHAT IS THIS?** + +[A quick look at the Tier List & Ranking tab.](https://preview.redd.it/69immafs53371.png?width=2341&format=png&auto=webp&s=96a06b2ce7a3eec52511386ebdf81cbf43074910) + +It's a comprehensive chart of more than 110 crypto YouTubers/channels that incorporates tons of written information and mathematics-driven statistics that helps you to identify the quality and trustability of the given content creators. The chart features roughly 17 different types of data (written and mathematics-driven) for each and every YouTube channel. + +This list doesn't just show you which YouTubers you should subscribe to and why, but also which ones you should avoid and/or which ones you should prioritize if you are looking for price predictions, or guides etc. It paints a complete picture. Or at least as much as it is possible by the work of one man. + +\--- + +**WHY I MADE THIS CHART?** + +[A quick look at the recommendations tab.](https://preview.redd.it/y152xyrwfy271.png?width=1157&format=png&auto=webp&s=03b5ad596560973e6dfc79395ef8316e3981e0dc) + +Crypto is going mainstream. Right now, an overwhelming majority of rookie investors/traders rely first and foremost on YouTube content creators to make their financial decisions and/or to educate themeselves, but it is just as true for the most part in the case of more experienced traders (there are many reasons behind this, but these are irrelevant here). + +So I felt it was important to create some kind of a comprehensive and content rich source that provides as much information and help to people as possible when it comes to these YouTubers they (want to) follow, so they can eventually make the best financial decisions and so on and so forth. + +\--- + +**DISCLAIMERS** + +[A quick look at the Useful Informations tab.](https://preview.redd.it/0thtry00gy271.png?width=1041&format=png&auto=webp&s=dee9e852a7b4078119f2645ef9761dba624731c1) + +I'm one man. Even though I have spent 300 hours (more than 2 months) making this chart, it more than likely has some flaws, miscalculations, misjudgements about a channel or person, contradictions etc. It's practically unavoidable when we are talking about this amount of data (you'll see). Also, I can't know everything about every YouTuber. + +But that's partially the reason why there's so many different types of data for each and every YouTuber. Even if you do not agree with some data (that are less math-driven and more subjective) or even if there's a mistake somewhere, all of the data combined together will more than likely paint a realistic picture about the given content creator. + +Oh, and I'm also not a native English speaker so sorry for any grammatical errors. Plus I know that token and coin is not precisely the same but for conveniance, I used them interchangably in the chart. + +\--- + +**HOW TO SUPPORT ME?** + +[A quick look at the Currency Summary tab.](https://preview.redd.it/yfxda192gy271.png?width=1262&format=png&auto=webp&s=d4b241a6967d84571cd19fa8be114351514e9fa9) + +Just to make things clear, I'm not some kind of a rich crypto invenstor/trader... far from it. I'm from a relatively poor country and I'm someone who has started crypto only a couple of months ago and invested his spare 660 dollars into proven, good quality coins... a couple of weeks before the big crash... so... you probably guess the ruest. I don't even have money for a new chair so I made this list with continuous and immense back pain because I used this [broken chair](https://i.imgur.com/ZEuhBJH.jpg) while I was working. I still wanted to help people the only way I could in the crypto space. + +Now, I would be very humbled and would deeply appreciate it if you would consider doing the same and supporting my work if you found it in any way helpful. This chart is extensive and content rich, I made sure of it, but it's still just a rough blueprint / foundation on which many things can be build upon. And I'll gladly do that if there's enough interest in it and I'm more than happy to let the community to get involved too in this project to help to perfect it. + +But for the continuous development of this chart, I need your help. You can support me by opening the chart, then clicking on the Donation/Support tab (there, you can see all the possible options). Additionally, if you want it, I'll display your name in the Donation/Support tab of the chart so everyone can see that you supported my work. + +If you wouldn't like to support me this way and/or you can't, please, share my work and leave a like on it if you find it helpful so it can reach more people. + +\--- + +**THE CHART** + +[Every single YouTuber\/channel has an overview\/introduction. Here are a few examples.](https://preview.redd.it/xdg3zq06gy271.png?width=1488&format=png&auto=webp&s=274f0492e08b5088b5d33bfb769e330ecb42f7f3) + +I was thinking about explaining how the chart works, but pretty much every single column/row in it has some kind of a written explanation paired with it. The chart has everything you need to won't get lost and to be able to understand every information and data it contains. + +\--- + +# [LINK TO THE CHART (GOOGLE SHEETS)](https://drive.google.com/file/d/1bvEmMAq22sxsOSPUFupGoA-I1XYJqfBn/view?usp=sharing) + +**You need to be signed in into a Google account in order to be able to view notes, e.g. YouTuber/channel overviews, category explanations etc. (marked by a black triangle in the top right corner). After you have logged in, click on the "Open With" button at the top of the screen, then click on "Google Sheets".** + +\--- + +**EDIT 1:** The chart is updated with three Adjusted values (Adjusted Simple Score, Adjusted Complex Score, and Adjusted Tier). These will better reflect the overall quality of the given channel and/or a channel's relative quality to other ones, if you only really want to rely one on statistics to compare them. + +**EDIT 2:** Even though I said I'm not going to work on the chart anymore, I made another tab (Best To Worst Ranking) that you can use to check all the crypto YouTube channels in descending order (from best to worst, based on Adjusted Complex Score). +I got this idea by chance. A close friend of mine is applying at Twitch (Amazon acquisition) and he is probably getting stock options so I asked myself what is the value of those stock options. I also run/own a medium size ecommerce agency. I also happen to have some AWS certifications so I am trying to be specially aware of my biases here. But I would say AMZN is inside my circle of competence. + +Amazon has been hit this last Q with a loss, mostly due to its 7.6 Billion paper loss in Rivian, which in combination with current market correction in the tech sector plus inflation and supply chain issues, generated the perfect storm for a missed quarter and a considerable decrease in the stock price. + +I disagree with the way the SEC forces companies to include this changes on their income, I don't think its irrelevant but I think it should not be reported in the income statement, and Buffet does too, but I digress. + +Amazon has compounded its revenue at a rate of 24.5% for the last 10 years. Yes, some of it comes from COVID, but two things here. 1. Growth was considerable but not unreasonable even if there wasnt any COVID. 2. I manage over a 100 online stores through my agency and I see mostly, online sales growth stabilized but is not decreasing. I believe COVID caused a systemic change in the market, perhaps I am wrong but thats why we have a margin of safety. Honestly my main worry for my clients' is Amazon eating up their product category. + +In terms of operating cashflows, they've been compounding that at a rate of 27% for the last 10 years. And 29% for the last 5 years minus 2 years of COVID. + +They have several businesses and Amazon is the poster child for what Mr. Pabrai would call spawners. + +The company's board has recently approved a 20 to 1 split, which I think could be a catalyst for share price growth. I think is worth mentioning but not particularly relevant because I think this is a long term holding. + +My DCF analysis has the following assumptions: + +* An expected cashflow growth of 25% for the next 5 years, and 15% for the next 5 years. +* Free cashflow terminal multiple of 40. This is relatively conservative considering Amazon's average has been around 65 for the last 10 years. +* Adjusting for the last missed quarter, I believe the current Price to Free Cash Flow is at around \~43. +* A very aggressive 15% discount rate (I want my investments to return me 15% at least). +* This calculations represent 60% of the weight of my DCF, with this assumptions im getting an intrinsic price of 3.4K. +* The combination of my previous scenarios plus two other scenarios with lower weights (one more negative with a 7% FCF growth, and one more positive which mostly assumes continuation of current averages), yield a 3.7K intrinsic value. + +Amazon has one of the highest quality moats, if not the best in my opinion. It commands a controlling marketshare stake at the online retail business and the cloud infrastructure business. Its prime subscription reminds me very much of Costco, which is another holding of mine. I believe the cloud infrastructure market will continue to grow massively and show strong pricing power due to its unique tech and extremely high switching costs. I know this costs and the value of AWS offering by first hand. I believe Amazon in particular is a leader in the serverless trend which allows developers to deploy solutions at scale at an order of magnitude faster than before, again something I've personally experienced. + +Amazon has an excellent flywheel effect where it can continually attract more customers through low prices, this customers in turn attract more sellers, which increases competition and decreases prices. This is a moat that gets deeper and wider by the day. + +I've also looked at balance sheet health, share issuance and employee share compensation and they seem at reasonable levels. + +In general, I believe amazon not only has one self-sustaining and self-widening moat, but several and they all compound with each other, this does not happen often. + +With all this considerations, I believe Amazon is an amazing buy at current bargain prices. + +I appreciate your criticism to my analysis. +I work as a full-time software engineer, and yet I didn't code for weeks . I spend at least 6 hours a day in here reading DDs, watching charts, raising the floor for the lols, and buying the same stock over and over again. + +I read every DD in this sub. I mean EVERY DD. + +I've spent half of my lifetime savings (which is about 450k) on GME & AMC (80% GME, 20% AMC), and these DDs sounds so crazy and surreal, that I just can't stop thinking about 216k apes Superstonk members, just gathering together in one giant jungle and laughing at me spending more and more money at GME, rubbing their hands together and thinking "we are getting his money". + +It's either a giant collaborated conspiracy against me, or the whole world's financial system is a giant collaborated conspiracy. I don't know which one I want to believe more. + +Anyway, I'm buying more GME tomorrow. Laugh at me apes, laugh. +Hey guys, + +**by now we have all seen the headlines, Melvin Capital supposedly closes Q1 with a 49% loss:** + +&#x200B; + +https://preview.redd.it/bn8x1n751ds61.png?width=741&format=png&auto=webp&s=7897c2e26252b3063d85d9836e53b77c02bf1a52 + +Of course, whether that's true or not remains to be seen, but I have just spent half an hour inputting stock price changes into Melvin's portfolio, and **if it's true, IT'S REAL BAD.** + +Apart from being **a fraudulent short seller**, Mr. Melvin is actually a pretty shrewd investor. + +For the period ending 31 DEC, he reported to the SEC a **Portfolio Value of $22,639,690,000** across 77 positions, opening 5 new ones, and closing 36 positions. Mister Melvin sold a lot of profitable calls and stock at the start of this and previous quarter (at first glance), so it's also likely he is sitting on a sizeable cash reserve. But that's not the crux of this analysis. + +&#x200B; + +**In this report for 31 DEC 2020, Mr. Melvin reports holding $19,787,325,000 LONG in the following stocks:** + +&#x200B; + +[ Great bet on AVIS, Mr Melvin! I will spend it wisely. ](https://preview.redd.it/gw82szhk1ds61.png?width=1237&format=png&auto=webp&s=a25a7ea04fe8a552c635a94bb72cd0afed0404e4) + +[ ANF sure turned out to be a shrewd pick, huh?! Good going Gabe! ](https://preview.redd.it/6ybn0a4l1ds61.png?width=1123&format=png&auto=webp&s=3ab77b2b11dd94d40ac1aaac2ace149488336135) + +[ Gabe with the X-ray vision on XRAY! ](https://preview.redd.it/6tlgnmll1ds61.png?width=1122&format=png&auto=webp&s=9b1c23a56c939ff22ca4062ed3144d65727cd818) + +# Let's zoom the total in: + +&#x200B; + +https://preview.redd.it/8yv5tg431ds61.png?width=511&format=png&auto=webp&s=a3577b71407bc9372c9e863677c81a83ef8b0534 + +# Mr. Plotkin posted a 7.62%, or $1.507bn profit in his LONG holdings between the 31 DEC report, and 31 March 2021! + +# Well done Mr. Plotkin! Thank you for making sure you have enough liquidity to pay any liabilities that may come up in the future! + +&#x200B; + +**49% of Mr. Plotkin's LONG portfolio would be:** + +# $10,434,209,633! + +A $10.43bn loss, guys! + +**A $10.43bn loss, so far, Gabe.** + +&#x200B; + +\---------- + +**Find more long-read DDs in my profile, I now research and write about GME full-time thanks to the kindness of the apes!** +I read a [post](https://www.reddit.com/r/Superstonk/comments/uhc13x/reminder_ken_griffin_said_13_months_ago_retail/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) yesterday that had a great question in the comments, I rewrote my version of it, and I think it would be a great idea for all GME investors to ask GameStop a version of this question at the meeting. I would love to hear the thoughts of the community on this subject: + +“Computershare has indicated that it is at the company’s discretion whether or not to allow 401ks, IRAs, pensions, and mutual funds to be direct registered NON-ACAT. As a shareholder, I would like this option to be available to me, so that I can hold my shares in my own name and partake in future governance of the company. Does GameStop have any intention of allowing these retirement accounts to be direct registered, and if so when can that change be expected to occur?” + +This might be the single most important question that could be asked, and the more voices echoing it, the more likely we are to get an answer. + +👊Apes Together Strong💪 + +🟣DRS GME BOOK🟣 +I have been working on an emergency fund and retirement to a lesser extent. But I went a little overboard. I prohibited myself from seeing friends to save petrol and money and I wouldn't allow myself to buy meat when I felt like cooking something fancy. I've missed out on bands in town. I don't travel to see my mother because the train fare means spending. Now I'm sitting here feeling sad and lifeless. I'm just posting this in case someone here is going down the same path. Being sensible is one thing, denying yourself completely is another and a false economy. I would give up a bit of my money not to feel so depressed now. Anyway I'm going to go treat myself to something today so hopefully my mood will improve. +I've started to look at REITs more, as it's something I haven't really paid that much attention to. + +So far I have small positions in SAFE (Safestore Holdings on LSE), and PSA. + +I've kept my eye on Realty Income for a while, but it's quite high, shall I wait for a pullback around the $60 mark before buying in? +I am sure many of you might have found the title a bit odd or confusing. Please help a noob out. + +For the past few months, I would buy/sell index funds or funds investing in a particular sector just before cut-off time to gain an advantage of the fall/rise in NAV value of the mutual fund on that day. This was possible because these particular funds were highly correlated to the sector indices or Nifty/Sensex values (depending on the fund). + +Few people I talked told me that I am not an investor, since I am purely looking at short-term gains. I can't call this trading also because there is no intra-day or short-selling option available to me. + +While I have tried my best to give a brief background of what I did, the end result was that I would earn between 3-5% on my investment over a period of 7-10 days. If the fund has an exit load of 15 days, I'd sometimes wait for 15+ days to redeem the gains. + +For example Nifty fell around 4% on 21st Dec. I bought Mutual units of an Index fund that day and sold it 3 days later with no exit load. Got 3%. Because I have been tracking the market for quite some time, I knew that the UK virus cannot lead to a free fall greater than that, and I gambled that the market would bounce back. But this is just an example, and the point of the post is something different. + +The whole point of this post is: Can I not do this from 1st January onwards? I am genuinely concerned because of the new rule that says - From Jan 1st 2021, all investment transactions, irrespective of the amount and type will be processed by the Mutual Fund companies only when the money reaches their account.  + +I have very few people around me who are into investments, and the few who are don't invest in mutual funds and only do stocks. I am open to having a discussion here or DMs. +Doge Coin is not even a day old with only 150+ holders. Holders earn passive income in dollars (USD Tether) every 60 minutes. Rewards are auto-claimed and you don't have to take any action to claim your earnings. + +&#x200B; + +A very active dev who is online in the Telegram group for 12 hours every day. Paying for marketing from his own pocket and marketing will never stop! + +&#x200B; + +There is even a song created for Hello Doge! Join our Telegram and check it out for yourself! + +&#x200B; + +Hello Doge is a very unique and catchy name with no copy-cats yet. Just think about it, what is the possibility of Elon Musk saying "Hello Doge army" one day? People look for us then. + +&#x200B; + +By the way, a big Instagram page will also promote Hello Doge soon! + +&#x200B; + +Website: [Hellodoge.io](https://Hellodoge.io) + +&#x200B; + +Telegram: [https://t.me/hellodogecoin](https://t.me/hellodogecoin) + +&#x200B; + +Contract: 0x050b9bef49c3804a979c32e3dd13a78b1f2d2a3f + +&#x200B; + +Pancakeswap: [https://pancakeswap.finance/swap#/swap?outputCurrency=0x050B9bef49c3804A979c32E3Dd13a78B1F2d2A3F](https://pancakeswap.finance/swap#/swap?outputCurrency=0x050B9bef49c3804A979c32E3Dd13a78B1F2d2A3F) +For those who are trying to piece things together, and get a broad overview of the whole GME situation, I have put this post together to highlight important events that have taken place recently, as well as to point out some things to potentially look forward to. Others have done the real DD, and this is simply an attempt to organize the important points. + +**I am not a financial advisor, none of this is financial advice, and I encourage you to do your own research on all of these topics / any trade that you decide to make.** I am simply presenting information that I have found elsewhere. + +Throughout the post you will see me say multiple times, "People are saying..." or "We have seen...". When I say this, I am not talking about what people on the street are saying, I am talking about good solid DD that you can read about each of these topics. (Sorry for not linking to other relevant DD, but you'll find them if you are interested in digging deeper) + +**Here are the important things to know / look into further.** + +# GameStop company value increasing + +* 175% Increase in online sales in quarter 4, compared to previous year. These online sales accounted for 34% of their net sales, as compared to 12% in the previous year, meaning that the online sales "pie slice", almost tripled +* 11% Increase in sales for January, as compared to previous year +* Ryan Cohen announced as new chairman of GameStop (He will become the chairman after the company's annual shareholder meeting, which is scheduled for June 9). Ryan Cohen not only knows how to make an online business thrive / explode, but he is young and knows what gamers like, which means that he will soon transform GameStop into, "The Amazon of Gaming" +* New board members from HUGE companies (Google, Amazon, Chewy, and more) +* GameStop now sells computers / computer parts, game chairs, TVs and other electronics, and more +* GameStop payed off $216.4 million in debt. In addition to this showing a solid financial situation for the company, this gives GameStop the ability to give dividends, and commence a share recall or audit. Dividends, a share recall, or a share audit, may have the potential to put pressure on hedge funds, and cause them to buy back their shares +* GameStop gained $551 million by selling shares, to speed up their e-commerce transformation +* GameStop expanded their fulfillment network by leasing a new 700,000 square foot fulfillment center +* \*Don't forget that lots of people like disc-based games too. Personally, every other store in my town that sells disc-based games is far inferior to GameStop + +# Possible catalysts / Big news + +* We are awaiting the GME shareholder vote count. We expect to see many more votes than the number of shares that are supposed to exist, which will prove that hedge funds have been manipulating the stock, and will give GameStop the ability to recall / audit shares... causing the shares to be covered / causing the squeeze to start. +* New SEC rules being put into place. These are rules that can make hedge funds finally pay what they owe (i.e. Buy back shares / start the squeeze) People are waiting for these rules to take effect. +* Time itself: As the price continues to rise / refuses to fall, and as hedge funds pay more interest + spend more and more to short the stock, they become more and more overleveraged, and closer to getting margin called regardless of big catalysts. At some point the people who lent to hedge funds are going to want their shares / money back, pure and simple. You can't just keep taking out infinite loans without extra collateral forever +* On the first day that GameStop was able to see the vote count, GameStop tweeted a picture of an astronaut drinking a beer on the moon, and replied to people with many bullish comments... then the next day GameStop advertised "Mass Effect" and replied with a comment that has now been deleted: \*moass\* effect. That's right, they tweeted about the mother of all short squeezes! Shortly after Ryan Cohen tweets a picture of himself at a GameStop in Arlington VA, which is VERY close to Washington. Some people think that Ryan Cohen may have shared the vote count with the SEC by now. +* \*GameStop acknowledged the possibility of a short squeeze in their earnings report +* \*Fidelity shows that 5 times as many people are buying GME, as those who are selling + +# Shills / insight into the other side + +I believe it helps to get insight into what the other side is doing, as it makes me realize how real the situation is. + +* We have seen many apes claiming (and providing proof) that they were contacted by people who tried to get them to post negativity about the stock +* We have seen overwhelming amounts of articles that say to "Forget GameStop", and lots of other articles that appear to be desperately trying to get people to sell or buy into other stocks +* We see articles that make incredibly good news look like bad news, or otherwise we do not see the good news written about at all +* We see blatant price drops / short attacks right after very good news +* We have seen a video of Jim Cramer in 2006 bragging about the same dirty tactics that the hedge funds are using now to drive (manipulate) the price down, where he was literally saying that he encourages others to use the same techniques + +# But what if someone stops the squeeze? + +Nobody knows what will happen, but I have heard two supporting statements in reply to this question that I want to mention here. + +* People have mentioned that the government stands to gain trillions of dollars in capital gains tax, not to mention the benefit of trillions of dollars being given back to the people / pumped into the economy +* People have mentioned how at this point, when so many people have purchased GameStop including large institutions as well as international investors... doing something to stop the squeeze instead of letting the market operate as it should, would cause widespread distrust for the American market, not just for retail traders but for big financial institutions too +* In addition, some people are saying that the SEC, DTCC, etc. are actively preparing for the squeeze to happen, and rather than planning to stop it, are putting things in place to keep innocent people safe from the fallout + +# A world wide event: We are not alone + +* There are billboards and traffic signs that support holding GameStop stock, which shows how big this thing really is +* There are huge institutions involved on the long side (Such as perhaps BlackRock). Don't feel like retail is alone on this one. Some big guys have skin in the game / want the squeeze too +* DFV exercised his options, AND bought 50k more shares at market price, and now he holds 200k shares +* Ryan Cohen also owns 9 million + shares +* Institutional ownership of GME is 200% or more of the float +* It is believed that retail traders own 100% or more of the float + +# All shorts must cover + +When it comes down to it, all shorts must cover, and hedge funds have not done so yet. + +Hedge funds have shorted WAY more shares than are available in the float, which kicks the can down the road, but digs the hole deeper. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +&#x200B; + +https://preview.redd.it/3hfyc9cvvaz61.jpg?width=500&format=pjpg&auto=webp&s=012e7509e6ddf5ffdc0b2e2082dc49d982e01900 +I am thinking about buying a fourplex with an FHA loan and plan on living in one of the units for at least the first year while renting out the rest of the three units. This will be my first loan ever so I am a bit confused about the whole loan process in general. After that first mandatory year that I must live at the fourplex, I want to buy another fourplex or single-family house that I would need an additional loan for. How do people start out with these loans and then move on to having multiple loans like this, is it as simple as just having enough money for another 20% or so down payment for another property? Thank you in advance for any advice/comments and I will reply as quick as I can if I have any more questions, the reddit community is the best! +Hi! I'am currently 14 years old and wondering if it is worth planning different acconts over my lifetime to take the biggest advantage of interest and shares. I would also appreciate advice on saving for University and a house. 🤠 +\*Obligatory - I am not a financial advisor and this is not financial advice. The information below is what I have discovered from my own studies. All investors must do their own due diligence and come to their own conclusions. + +**TL;DR** This post is a summary of the ongoing liquidity crisis at the NSCC, how an *idiosyncratic security* (GME) is wreaking havoc on the clearing funds backtesting, and some rules I believe the NSCC has implemented (or is trying to implement) to cover their own butt. + +Now they’ve submitted a new proposed rule, NSCC-2022-006 which states that it is making very minor changes to it’s Stress Testing & Liquidity Risk Management Frameworks, but the NSCC fails to provide half of the proposed rule by redacting the actual changes they are attempting to make. WTF + +# Summary of Original Post + +In [The NSCC Liquidity Crisis & An 'Idiosyncratic' Security](https://www.reddit.com/r/Superstonk/comments/t8mujx/the_nscc_liquidity_crisis_an_idiosyncratic/?utm_source=share&utm_medium=web2x&context=3) we explored that the NSCC didn’t have enough capital on hand to cover the potential default of its largest member (or member family) 5 times from **Q1 – Q3 2021**. This had never happened before **Q1 2021**. + +The NSCC was exposed to a $40.7B hypothetical loss had the “worst-case” scenario came to be in **Q1 2021**, which is $591M more than they had set aside to cover the bets of their largest member. Ruh-roh. This is known as it’s “Cover One” obligation and it is a requirement to have a high degree of certainty that this capital is available at all times. + +The NSCC was caught short of this requirement twice in **June of 2021** ($1.02B and $5.1B shortfalls) and listed, ***Russell Indices Reconstitution activities*** *and options expiration dates* as the main reasons for the shortfall, **during the same time GME was moved from the Russell 2000 to the Russell 1000.** + +All the while, an *idiosyncratic* or *concentrated security* has been wreaking havoc on the Clearing Funds backtesting (the ability to liquidate the portfolio of a member in 3 days’ time) every quarter of 2021. An *idiosyncratic* or *concentrated security* had never been mentioned before Q1-2021. I wonder what that security might be? + +The approval of NSCC-2021-005 on **8/11/21** (with implementation within 20 days) caused every member to increase their Required Fund Deposit from $10,000 to $250,000. This rule gave the NSCC a nice liquidity injection and closed the gap on the agency’s clearing fund shortfalls, but it still wasn’t enough to completely cover the shortfall in **Q3-2021** ($32.7M - September). + +I then went on to explain why I believe proposed NSCC-2021-016 is attempting to increase member capital requirements by insane amounts so the NCSS has enough liquid capital to cover EVEN HIGHER bets by its largest member, and they’re making smaller broker/dealers’ foot the bill, or be driven out of the market by not being able to afford the requirements within the proposed rule. + +# Q4 2021 NSCC Quantitative Disclosure + +Since that time, the [Q4 Disclosures](https://www.dtcc.com/legal/policy-and-compliance) came out which shows they used another new rule, [NSCC-2021-002](https://www.sec.gov/rules/sro/nscc/nsccarchive/nsccarchive2021.htm#SR-NSCC-2021-002), 5 times in **Q4-2021** to prevent more shortfalls. This rule allowed the NSCC to pull payments (Supplemental Liquidity Deposits) from members in the event they are likely short of their obligation. **Had this rule not been passed last year, we may have seen the NSCC be short to cover the potential default of its largest member 10 fucking times last year.** That’s a lot. + +Visual representation: + +https://preview.redd.it/ggzexn8o3g291.png?width=587&format=png&auto=webp&s=5fe943b98ccdbd03d442924552e0b9ac21d4eeb6 + +# NSCC-2022-006 + +As we’ve seen for quite some time, the DTCC subsidiaries have been submitting some rules which do not benefit retail. Individuals have spoken out against these proposed rules and even caused some of them to be pulled ([NSCC-2021-010](https://www.reddit.com/r/Superstonk/comments/ttsm7v/your_voices_were_heard_nscc2021010_withdrawn_see/?utm_source=share&utm_medium=web2x&context=3) as an example). + +On that note, the NSCC just submitted another rule proposal, [NSCC-2022-006](https://www.dtcc.com/legal/sec-rule-filings), which is attempting to “amend the Clearing Agency **Stress Testing Framework** (Market Risk) (“ST Framework”) and **the Clearing Agency Liquidity Risk Management Framework** (“LRM Framework,””... + +Oh, so now they’re looking to amend their stress testing framework and methodology? This is the same information we've been covering in this post... What coincidental timing. It feels like anytime these self-regulatory organizations, ratings agencies, or Federal Reserve systems don’t like the results of their methodologies, they change them to paint a rosier picture, but that’s a story for a different day. + +I’ve read quite a bit of the rule, and on surface level, it reads okay, but it also seems like they’re not giving the full story. Pages 17 – 41 are basically just a repeat of the general changes listed in pages 1 – 16 (but double spaced) and pages 42 through 85 are redacted… More than half the document. I wonder why? + +Here are the **omitted items:** + +· Liquidity Risk Tolerance Statement (sample). + +· Clearing Agency Stress Testing Framework (Market Risk) (marked). + +· Clearing Agency Liquidity Risk Management Framework (marked). + +How is anyone other than the DTCC and the SEC supposed to have any input on a rule change that omits the actual changes it is planning to make? How is anyone supposed to leave any educated comment on a proposed rule that has half of the document missing? And what appears to be the most important half at that? + +I encourage all individual investors to read the rule proposal, and keep an eye out for upcoming comments (and comment period) on the proposed rule so that way you can educate yourself and decide if you should leave a comment regarding this rule. I see no transparency in this proposal as the documents which are being modified are not provided. + +The U.S. needs markets that operate with transparency, not in the dark. + +Tanks fo reedin + +Edit: Grammatical +I am 26 and live with my fiancé and 2 year old child, and I currently have a job in the northwest where my current total compensation is roughly £48,000 a year + pension contributions. My partner is a stay at home mother. + +I would love to move closer to my partner’s family in Yorkshire to buy a house in the countryside, but this would move me away from my family in the north west and my workplace. + +So my question to this forum, in your experience is a potential 90 minute commute worth the £48,000 job? + +Edit: I would only have to do this commute 2 days a week! +The whales are leaving #Safemoon #eclipse #bonfire + +They are looking for their next investment + +Are you? + +DÚI is a Rug Proof Low cap token with anti-whale mechanism built into the code.10% Tax -5% to liquidity and 5% redistributed + +Our liquidity pool is built to stay low enough so no whales can make huge sell orders as our price rises. + +This project offers NFTs, and is a charity token focused on donating to Animal shelters and animals in need. The token idea is a spin on the whole animal meme craze, embracing it all. + +Looking at the chart, you will see a big spike followed by a huge dump at launch. This was caused by issues with DxSale, causing people to be unable to sell. The team has fixed everything now, and the token is growing organically. + +This is THE BEST TIME to get into DÚI +#DÚI + +BY THE COMMUNITY + +FOR THE COMMUNITY + +🌕 DÚI is a token dedicated to going to space… literally. 🌕 🚀 + +* ✅LP LOCKED + +* ✅MAJOR Influencers coming tomorrow! + +* ✅PROFESSIONAL marketing team! + +* ✅Doxxed team! + +* ✅CoinGecko Listing soon! + +* ✅TechRat Audited! + +* ✅Unirocket Applied For! + +* [PANCAKESWAP]([https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8943b6d1677a4addbe5aa58f429e11e856746fba) ⬅️Buy Now! + +* [TELEGRAM](https://t.me/Duicoinofficial) ⬅️Join Now! + +* [WEBSITE]([www.duicrypto.com) +Ryan Cohen buys BBBY shares and calls in March 22. + +Apes know about this for ages. + +Some apes buy BBBY the weeks after. + +BBBY gets hyped on 2xUSB. + +BBBY gets flagged "The new Gamestop". + +Cramer hates on BBBY (inverse Cramer kicks in). + +Ryan Cohens filings and holdings get hyped on 2xUSB. + +BBBY skyrockets. + +Ryan Cohen suddenly is the saviour of 2xUSB. + +Ryan Cohen sells. + +2xUSB gets spammed with posts that Ryan Cohen betrayed everyone and "apes" should stick it to him by selling their GME. (Yeah 'cause we all are a bunch of kids who got their sweets taken from them. You think investing is a damn game?) + +Ryan Cohen gets reported to the SEC and is being called for a subpoena on the same day. + + +Now i don't know how many crayons you ate today but this shit sounds like an obvious play to discredit Ryan Cohen and Gamestop shareholders. +They fucking shorted Gamestop right at the time BBBY fell to make it look like "apes" were mad and sold both. + +I'll tell you what. I made money with BBBY, i got out when i should have and every penny is going straight into GME and DRSd. Everyone knows 2xUSB is full of bots, most of the posts hyping up BBBY were new accounts. + +Losing faith in Gamestop? Today convinced me even more those crooks don't care for anyone on this planet but themselves. Threw a bunch of investors under the bus just to form a false narrative. +This is a follow up thread on this [this](https://www.reddit.com/r/eupersonalfinance/comments/zlhal5/is_euro_the_safestmost_stable_currency_in_europe/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button), where a lot of people are suggesting and are comfortable with the idea that savings should be invested in the stock market rather than depreciate by staying in a bank account. + + +I've posted similar questions couple of times before, asking for advice on how to invest and if this is a safe way to hold money.I got valuable responses but still, as someone that comes from a family that never invested, I cannot see myself doing it. + +I have this fear that essentialy I am blowing my money in the air by investing. +It just seems too risky. +And Ive never gone through the proccess in the past. + +(I literally dont even know how would I withdraw money from the stock market in case I need it.Is the liquidity considered the same as bank account savings?) + +As opposed to bank savings, where from a young age I got a taste of the security and trust that you get with bank savings, knowing that I am essentially two blocks away from my money.(Drive to the bank, check my balance, withdraw amount from the ATM) + +Another problem is that there is always going to be some arguing in the opinions I get, always someone is presenting the option X as the 100% only safe option to put my money in, only for the following commentor to disregard this opiniom as too risky etc. + +I am sorry if this looks like a rant.I would love to hear your advice. +Edited 1) as per comment requests: in addition to reading up on u/atobitt and u/con101smd, please read up on u/criand. + +Edited 2) For new 🦍🦍’s. +Simply click on the blue 🦍 names linked here then once their link is open click anywhere on 🦍. Or, go to the Reddit home page. Type either u/atobitt, u/con101smd or u/criand (or other Reddit name) into the search bar and click search. Click on the 🦍 you want. You will be directed to that 🦍’s post info. Grab some 🍌🍌 . Buckle Up! 🚀 + +I recommend you read u/atobitt’s posts: +- Citadel has no Clothes +- Walkin’ like a duck/ talkin’ like a duck +- The Everything Short +- A House of Cards 1, 2, and 3 +- Goldman Sachs info + +I recommend you also read u/con101smd’s posts: +- “The Long Con” Part 1, 2, 3, 4, and 5. + +Edited to add: 😊😊 + +Please read up on u/criand + +https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/?utm_source=share&amp;amp;amp;utm_medium=ios_app&amp;amp;amp;utm_name=iossmf +I am originally from a large Canadian city, however I got an offer immediately after graduation in a high paying professional services career (consulting/banking) in the US East Coast. I decided to pick up and make the jump, with no contacts or friends in the new city. I am single and have made a ton of friends through work, but little else. + +A couple years later, I make decent money (mid-100's), and I have been offered a corporate strategy job at FAANG, all the way in SF. I'm pretty burned out from my current job, so FAANG would be more relaxed while still paying well (offer is 150-200k). However, it seems very daunting for me to pick up and move again, have no friends, start all over again, and for what? To sit on my piles of money while my friends back home build families and memories? To move cities again when something better pops up in a few years? In addition, it makes it hard to make any large investments in real-estate because I would essentially be planting my flag for the long term. + +Many days I miss my friends and family, but there is frankly very little opportunity to fatFIRE in Canada, especially in tech. I also don't think professional services is a long term solution, due to the stress and hours. Not sure what advice I'm looking for, but a bit of ranting never hurt anyone ;) Perspectives are much appreciated. +[https://www.telegraph.co.uk/money/consumer-affairs/house-prices-break-250k-market-shows-signs-losing-steam/](https://www.telegraph.co.uk/money/consumer-affairs/house-prices-break-250k-market-shows-signs-losing-steam/) + +The average house price in the UK has risen 7.5% since October last year. With the median household income standing at \~£30k houses now cost 8x average earnings. This means even if lenders are willing to offer 4x salary mortgages (£120k), buyers will need a £130k deposit. + +Are we reaching an affordability ceiling? Will we see a slow down or correction in 2021/2022? Will we see mass layoffs when furlough comes to an end in March? At the same time the stamp duty holiday comes to an end. Will the end of mortgage holidays result in mass defaults? Will the market see an increase in supply when the older generation passes on their wealth and their children wish to sell their houses to split the inheritance? + +Or will the dream of owning continue to drive up prices, with people normalizing spending larger and larger percenatges of their income on housing? Will the demand for home offices and greater space for home working justify higher prices? Will cities outside of London see prices rise due to greater flexibility of remote working? + +What are everyones thoughts? +The title says it. + +&#x200B; + +In addition , point to discussion - I have seen previously that when people were pulling the shares out of robinhood their position was transfered by the fractional shares. Now , webull is blocking all actions with the GME. I think all the shitty PFOF brokers will somehow convert the position into fractional, to delay the inevitable. + +I think we should list all of that crap. + +EDIT2:Interesting though [here](https://www.reddit.com/r/Superstonk/comments/w53xov/comment/ih5vmq4/?utm_source=share&utm_medium=web2x&context=3)What if those brokers who instantly 'had' our shares last night are the ones synthezising them? And those who really have them need the time to get them? by u/ [**b4st1an**](https://www.reddit.com/user/b4st1an/)and [here](https://www.reddit.com/r/Superstonk/comments/w53xov/comment/ih5xxpm/?utm_source=share&utm_medium=web2x&context=3)I am just confused as to how people were getting there shares in some of the brokers before i got mine in ComputerShare. Many of the official statements from Brokers mentioned the 26th for there distribution. There definitely just adding number onto accounts © u/BornAbility5254 + +EDIT3 : Dudes and dudettes, I am having problem modyfing the table because I have to work + +Spreadsheet deleted-> it was not anonymyous! + +Feel free to add yours -> this spreadsheet is anonymyous. + +EDIT1: Adding table + +|Entity|OK/NOK|Comment| +|:-|:-|:-| +|IBKR|OK|Delivered| +|Cortal Consors|NOK|Not yet delivered| +|Wealth simple|NOK|Takes up to 6 days| +|Freetrade|NOK|Nothing yet| +|Revolut/Drivewealth|OK|For some delivered| +|Deutsche Bank|(?)|You receive three additional shares for every share in your portfolio after hours 21st of July. The new shares will be registered as entitlement shares with a blocking period. After receiving the shares we lift the block. **The delivery is not happening before 26th of July.**| +|Fidelity|OK|Delivered| +|TD Ameritrade|NOK|Not delivered| +|ETORO|OK|The thing is, they shouldn't have these shares yet if Computershare is still distributing them to registered holders first. If anything this proves they just put a number in a database and don't have to locate the shares for you.| +|Freetrade|ok|\-| +|HL|NOK|by 27th| +|Saxo|NOK|Not delivered| +|Swedbank|NOK|Not delivered| +|Degiro|NOK|Not delivered| +|Vanguard|NOK|not yet delivered| +|Interactive Investor (UK ISA|NOK|not yet delivered| +|Merrill Edge|OK|Delivered| +|ETRADE|OK|Shares delivered| +|CashApp (Drivewealth)|OK|shows 4x shares at pre-split prices| +|Flatex|ok|Delivered| +|Cmc markets|NOK|they're waiting on their custodian to deliver which is BNP Paribas.| +|Trade Republic from Germany|OK|Susquehanna is an investor of them| +|Onvista|OK|| +|Scaliable Capital||Mon 23th| +|mBank(KBC Broker)|NOK|| +|ING DiBa|OK|delivered| +|stake|OK|delivered| +|WeBULL|NOK|Banned activities| +|Trading 212|OK|They had a link to an explanation section that didn't even mention dividends.| +|Nordnet|OK|delivered| +|TDA|?|split price per share but didnt give me any! So my $ balance is now 1/4 what it should be!!| +|Schwab|OK|Delivered| +|Cortal Consors|OK|delivered| +|Nordea Finland|OK|price not updated yet.| +|Boursorama|OK|delivered| +|comdirect|OK|delivered but I suspect only syntetic shares (comdirect was faster than cs) ©8aplus| +|Merill Lynch|NOK|Not delivered| +|DKB|OK|Delivered| +|ING diba , Germany|OK|Delivered| +|Citibank|NOK|Not delivered| +|German Postbank , retail division of Deutsche Bank|OK|Delivered| +|Chase investments|OK|Delivered| +|Swissquote|OK|Delivered| +|BGL BNP Paribas|NOK|Not delivered| +|Tiger Brokers Singapore|OK|Delivered| +|LHV PANK ESTONIA|OK|Delivered| +|Erste Bank|NOK|Not delivered| +|Questrade|NOK|| +|TD canada|NOK|Not delivered| +|Firstrade|NOK|Not delivered| +|Sofi|OK|delivered| +|DISNAT|NOK|Not delivered| +|Scotia iTrade|NOK|| + + + + +EDIT 4: Hey everyone , I was out . I will update table according to the feedback. +Hi all, + +Dumb question: If property prices are already out of reach for most working people AND the wages are stagnation/regressing... Who is buying all of these unaffordable properties? + +I read somewhere that the prices are something like 9x the price of a an average working person's salary. + +Yes I am sure there are wealthy people... but that doesn't make sense? Sorry I am a bit confused as there is a wide gap between what people earn and the ridiculous prices of a home. +Since 2013, I have been working over 60 hours a week in one way or another. Twice because I had very demanding jobs, and all the others because I was working side gigs. I’ve worked nights in a restaurant, freelance written after work, and worked in promotional events on weeknights and weekends. + +From a financial standpoint, it was a fantastic boost for my goals. I was always making $15/hr or less, and usually in temp jobs. I needed more security. (As of March, I have a new permanent job that pays $20/hr. Remember this, it’s important later.) + +I paid off my student loans in 7 months, got out of $4,000 in credit card debt, saved $10,000, and was able to move into my own apartment where I live alone. + +I finally settled into my place about a month ago, and I’ve had a lot of time to think. I was looking at my budget thinking and wondering what the next “thing” was. Use side money to begin contributions to an IRA? Get enough money saved for a down payment on a car when mine kicks the bucket? Extra money for a vacation? But nothing was immediate. That was frustrating, so I had to think more about what the side gigs could help me with. + +During this time, I also started thinking about a lot of opportunities I missed BECAUSE of my side gigs. I had to decline friends’ invitations to hang out, visiting my family, and taking up hobbies. I also did not focus as much on things outside of my main job that could have improved my main income, like networking and doing a little outside research. + +I realized something: I was becoming a robot. I was not truly involved in the things I was doing - just going through the motions to get the money I needed. I felt empty knowing there was nothing left financially to achieve... and that made me feel kind of pathetic. My life had revolved around making money. I didn’t even know what was going on in my friends’ lives, and I couldn’t answer “what do you like to do in your free time?” outside of making money and pushing myself to meet goals. + +On top of that, there was no longer a NEED to be a robot. I made enough now to live comfortably and save way more than $200 per month. I’ll be eligible for the 401k next year. We get yearly COL raises and bonuses. There was no reason to continue busting my ass when I had enough now to live in my means, and a little more, and I was in a healthy financial place. + +So two weeks ago, I decided to stop all forms of outside money-making. The only thing I will continue to do is one summer gig that doesn’t pay well, but genuinely makes me happy and doesn’t eat too much of my time. Things are already changing for the better. I’ve had more time to study for my job (which my boss has noticed and was impressed I took initiative on) - that will mean doing my job better, and getting a better raise next year. I have also talked to my friends and family on the phone more and found out what’s going on with them. Even having the space to make healthy meals and exercise has been a huge benefit for my mood. + +And, I did carve out space in my budget for saving for a new car and some vacations. While continuing to put away towards my emergency fund. + +Side gigs are excellent opportunities to get yourself out of bad financial situations. Overall I don’t regret it - but in hindsight, I wish I had made a game plan to know when to stop. It’s easy to become addicted to the extra income, but it’s not worth it at your own expense as a human being. Side gigs are just that - something you do on the side because it’s either fulfilling or getting you out of a bad spot, not a permanent band aid. + +I didn’t expect my rant to be this long! But I hope it helps others not lose themselves in the pursuit of money. + +EDIT: Just wanted to say that I love the discussions happening in the comments. It’s great to hear the pros and cons of side gigs, when to halt and when to take it to the next level, and all the gray area and special circumstances around the gigs and “side job” culture. You hear “find a second method of income” as part of a lot of financial advice, but there’s much more to it than just showing up and waiting for the money. Thank you all for your input! +At least when compared to countries such as Denmark. I saw one report stating that McDonalds workers in Denmark earn twice that of US workers. Are profit margins (for the owners) in the US that much higher or what are the reasons? Is there a report exploring this topic? +Thanks in advance! +Sorry if it sounds like a stupid question but what does it really mean. Google tells you that it means private ownership of goods with individual trade and commerce. But I feel like most of the time this has been the case before since it just feels natural. Has it been first used before or has the term never been used until critics came up for a word for it? Do economists even use the word "capitalism"? And how do you know if a country is primarily capitalism? +This is not the place for day trading. You will get clobbered. Nothing makes sense with the price. + + I could see them planning to push you here just to tank the price and have you sell just to get out before you had a chance to read and learn and figure out what is going on here... and no offence... but it might be what you guys are planning to do with your crypto and throw it at gme. (Which I think is smart but what do I know) this isn't the place for that. Look at all the good news about the company. New leadership. No debt. Big move to e commerce. The list is a mile long. Squeeze no squeeze this is a great company that's about to do great things. Just stay calm. Read the dd. And hodl. + +Do your own research... make your own plans. This is not financial advice. I'm retarded etc etc. +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 🍌 🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌🦍🦍🦍🦍🦍🦍❤️❤️❤️❤️❤️❤️❤️🚀🚀🚀🚀🚀🚀🚀 +"Ethereum is also going to be optionally quantum-proof with EIP 86 and Casper, because it will support any signature algorithm that the user wants to use." + +"More languages will come. Viper, Bamboo, LLL, etc. And Solidity itself will continue getting better." + +https://answers.thenextweb.com/s/vitalik-buterin-13gxQB +Discussed during today's dev meeting. Vitalik was in favor of hardcap, Nick Johnson was against, other devs did not give input on preference. Devs agreed that the community does show broad support of hardcap, so 120m cap will likely be added to next hardfork update. Vitalik mentioned wanting to hear more feedback before making a final decision. + +Link to dev meeting discussion of the hardcap: + +https://youtu.be/SoPfoNpqG0k?t=3605 +Greeting my fellow dividend lovers. Just curious on what everyone's plans are when this whole GME thing blows over. Are you planning on loading up on your dividend payers if the it plays out the way everyone seems to think it will? I've seen articles warning that this could crash the market(I don't think it'll be that severe). Nevertheless, in the event of a large downswing, are you loading up, or just holding onto what you have? Cheers. +TRYP Therapeutics (TRYP: TSXV) announced after hours yesterday a phase 2a [\#psilcybin](https://www.facebook.com/hashtag/psilcybin?__eep__=6&__gid__=198286964043212&__cft__[0]=AZUT6mDwpUvgmSJYnS_E6usn8pcw7FzN6mvuLjJ2oHBlV3qvbg73AmIW6SvjvuCstO9nVfSzPhNhjs87O_aMUCY7F1lOoscIptB1Z2JkhIgChXaTyqRUWy1WWlDhQJKBfOg&__tn__=*NK-R) trial for eating disorders with University of Florida's Dr Jen Miller. + +TRYP already has drugs in the pipeline. A orphan drug for Sarcoma (Cancer), and a psilocybin drug for chronic pain/ [\#Fibromialgia](https://www.facebook.com/hashtag/fibromialgia?__eep__=6&__gid__=198286964043212&__cft__[0]=AZUT6mDwpUvgmSJYnS_E6usn8pcw7FzN6mvuLjJ2oHBlV3qvbg73AmIW6SvjvuCstO9nVfSzPhNhjs87O_aMUCY7F1lOoscIptB1Z2JkhIgChXaTyqRUWy1WWlDhQJKBfOg&__tn__=*NK-R). + +For compairson's sake to other [\#Psychedelic](https://www.facebook.com/hashtag/psychedelic?__eep__=6&__gid__=198286964043212&__cft__[0]=AZUT6mDwpUvgmSJYnS_E6usn8pcw7FzN6mvuLjJ2oHBlV3qvbg73AmIW6SvjvuCstO9nVfSzPhNhjs87O_aMUCY7F1lOoscIptB1Z2JkhIgChXaTyqRUWy1WWlDhQJKBfOg&__tn__=*NK-R) companies at phase 2a clinical: + +TRYP at a $65M mkt cap + +CYBN - 280M +MMED - 1.88B +FTRP - 250M (Pre-Clinical) + +I think now that TRYP's early listing paper has been chewed through this will continue to set new highs. + + +[https://ca.finance.yahoo.com/news/tryp-therapeutics-plans-phase-2a-234200479.html](https://ca.finance.yahoo.com/news/tryp-therapeutics-plans-phase-2a-234200479.html) +There’s always a lot of talk about making “side money”, but often this requires some sort of upfront investment. Not everyone has money lying around like that. + +So what are some ideas you have that can earn spare cash without having to shell out any money to get started? +https://www.cnn.com/2022/07/04/economy/chinese-developer-shimao-default-intl-hnk/index.html + +Another Chinese real estate investment missed payment. So just how bad is this. I mean, evergrande seem to have fall out of news for no reason. + +People have been predicting Chinese real estate collapse for over a decade. Now for some context, in that time, chinas economy has continued to grown to the envy of the world. + +Now, specifically for Chinese real estate, let’s look at some incredible numbers. The real estate debt has grown to now accounting for over 40% of all debt obligation. China’s national debt to gdp went from barely 30% to now over 80%. Also, 64% of all local government revenue are funded by real estate development vehicle and land lease and real estate account for over 70% of household net wealth. Over 90% of all Chinese MBS are rated AA or higher. + +As of late, the government is reducing required initial payment for home purchase, contemplating allowing 40 year mortgage, and opening up private individually directed retirement fund. + +So either China has figured out a way to keep milking the real estate growth for seemingly forever, or we are looking at a house of card with a inevitable collapse that will make the MBS financial crisis in 2009 looking like a relative minor hiccup. +Good morning everyone, + +I am currently battling a dispute with Goldman Sachs over a $2,000 charge and am looking for some advice. I will do my best to summarize this situation and any and all help is more than appreciated. + +In April I went on vacation and was using my Apple Card to cover all of the expenses. On the 7th of April I made two payments, one in the amount of $1,000 and another in the amount of $2,000. After a few hours I realized "Okay, that $2,000 was a bit excessive" and called to have the payment cancelled before it was posted. It went through successfully and it was properly reflected on my account so it was nullified. + +On April 10th I made an additional payment of $1,000. This brought my credit balance down to $3116.12 and all was well. On the 11th of April I was issued a "Credit Reversal" for $2,000 that brought my balance up to $5116.12.. this charge should never have happened as this happened on the 7th when I cancelled the payment. + +I then called them to dispute this claim.. four times. Each time I spoke an an agent, we went through the statements charge by charge and it ultimately ended with them SAYING and ANNOTATING "Oh yeah, you were charged twice. I don't understand why this happened" and then they proceed to escalate it. After a day or so I receive an email notification from the dispute department informing me that the charges were accurate and my account is good to go so no action is taken. + +I then went through and added all of my charges up (including the roll over debt from March) and saw that the grand total of my Apple card debt totaled up to $5116.12 (before payments) to date. Now, assuming that the $2000 payment that I made and later cancelled never happened, in addition to the two individual $1000 payment, my debt would be $5116.12 exactly. But, that's not what happened and I did make those two separate $1000 payments. My debt should be $3116.12 exactly. + +What can I do at this point? Goldman Sachs is refusing to fix this $2,000 charge even though the numbers do not make sense at all and I am being double charged! The only way these number make sense is if my debt was $7116.12, then those two $1,000 payment would have brought it down to $5116.12. + +What can I do? + +Thank you all in advance. + +TLDL: I cancelled a $2000 credit card payment on the 7th of April and had it reversed. Five days later I was charged an additional $2000 for that same exact transaction. Goldman Sachs refuses to fix this issue. + +Update: After speaking with my bank, it appears as though Apple tried to withdraw an additional $2,000 the next day after I cancelled the previous payment and was issued a refund. Perhaps this is where the problem is? + +Edit: Typo + About a year ago I learned that my father who I never met died and I inherited his land, which by my request my family sold. I now have about $70k waiting for me when I turn 18. + Aside from owning a home and a car, my ultimate goal is to own a small bakery. What is any advice you people could give someone in my position to spend and/or grow this money so that I can accomplish my goals? +Anyone stuck in the same place as me? I’m losing momentum… growing up and over the last 20 years or so I’ve just wanted to be rich. Now, at 40 years old, I’ve got $2 million NW, a wife and a little kid, about $400k annual income, living in an expensive and very desirable neighborhood in Chicago. But I have lost my drive and motivation to earn more or work very hard. This feeling has made me uncomfortable and I’m not sure what to do… if anything but stay the course… + +EDIT: I should also share that as I have approached $2 million NW, I have allowed myself to spend more that I did 10 years ago. Because $100 more on my NW is not really that interesting anymore to me... +My current strategy has been putting everything into growth stocks (mostly VOO) for 10 years or so and then after it's grown over the long term, sell it and then hopefully by then I can buy enough dividend stocks to have a nice source of passive income. + +Is this a good strategy? Any things to consider? Any strategies when selling the growth stocks for tax purposes? +I’ve heard many stories of investors loosing it all during the 2008 crash and wanted to see what people’s opinions are to prevent this in the future in case their is another major crash… not saying if it’s going to happen but not a bad idea to have a plan + +I’ve got a small portfolio of single family rentals all in B- C+ neighborhoods. They are all cash flowing, and have at least 25% equity in them. I also keep cash reserves for repairs, vacancy exc… + +What would cause me to loose my portfolio and what are some reasonable steps to put in place to protect these assets? +Why would GameStop break news of their NFT marketplace the way they did? Why not simply use their amazing SMRT to post the call for NFT creators to the official GameStop Twitter, like FB did with Meta (lul)? + +&#x200B; + +[Show the competitors how it's done GameStop!](https://preview.redd.it/677srmtt8u881.png?width=609&format=png&auto=webp&s=0ced7ce88cc7350868ed1ddabfdd40977d7a2380) + +&#x200B; + +[Zuck's stuck with posting to social. No word-of-mouth swag at all.](https://preview.redd.it/584hfjfz8u881.png?width=449&format=png&auto=webp&s=ea26971a315c32271086718160d479e7f83feb45) + +It’s simple: GameStop leveraged the fact that investors and others in the NFT space would share the call for creators themselves. And it’s spread like crazy in a ridiculously short amount of time. + +In marketing, word-of-mouth marketing (WOMM) is hands down *the* most effective (and inexpensive becuse it's free!) way into the mind of consumers. Hearing about a product or service from a friend or family member will do more to persuade people to take action than any call-to-action button, ad spend, or social media post ever will. + +Some stats about WOMM effectiveness: + +>23% of people talk about their favorite products with friends and family every day.  +> +>Furthermore, 78% of people rave about their favorite recent experiences to people they know at least once per week.  +> +>90% of people are much more likely to trust a recommended brand (even from strangers).  +> +>88% of people had the highest level of trust in a brand when a friend or family member recommended it.  +> +>Out of the top five popular ways to recommend a business, word-of-mouth comes first, followed by Facebook, Google, and Twitter.  +> +>26% of people will completely avoid a brand if their friend or family tells a negative story about their experience.  +> +>21% of people will lose trust in a brand, whether they’ve been a customer or not, because of bad word-of-mouth.  +> +>[Source](https://www.semrush.com/blog/word-of-mouth-stats/) + +Additionally, it absolves GameStop from revealing their development, and protects them from attacks from MSM and competitors. We saw how flatly the nonsensical 🍿 partnership article fell. It was baseless conjecture and was received as such. Social media and MSM did their best to keep radio silence on the NFT Marketplace. + +**Unfortunately for them, GameStop supporters took to direct messaging and phone calls to spread the news to our friends, family, and even strangers who are into NFTs.** + +I know their are those of us on both sides of the “it was an announcement/it wasn’t an announcement” argument. The reality is, it was both. A masterfully executed “leak” of their NFT marketplace project. Think critically for a moment, and you’ll realize their was no need to add the words “GameStop NFT Marketplace” on the site. They could’ve just as easily stopped at “NFT creators.” + +We are the best shareholders in the world (GameStop’s words). They knew we would do the rest for them and love every second of it. And they didn’t have to spend a dime of marketing. Very SMRT. + +Understand this. Not many brands can muster this magnitude of word-of-mouth marketing. In general, luxury brands and premium brands do it best (Lamborgini, Supreme, and Tesla come to mind). I'd venture to say GameStop knows they have the \*crème de la crème\* fans that other brands can only dream of obtaining. + +Be proud. +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! + +After we had a series of rate cuts in the last few months, some of the long term debt funds had a big jump in the NAVs, probably because of promised higher returns in the holdings of those funds. + +I noticed that some of the holdings for such funds , like the ICICI Prudential Long Term Bond Growth Direct Plan , had 7-9% return papers for the next 6-10 years. So if the current repo rate set by the RBI, was around 7.5%, we would see similar returns from such funds(i.e in the range of 7-9%). But since the RBI rate is lower, hence the market rate of such papers has increased, and hence the fund NAV has jumped as well. + +But whats the upper limit for this increase ? Say if a bond which is part of that fund had an issue price of 1000, and now has a market price of 1100 to bring down the YTM to match the current rbi rates. Is it safe to assume that the fund NAV will only increase till the time the constituent bond market price comes to an equilibrium to match the rbi rates ? + + +Secondly, tomorrow many are expecting a rate cut. So wouldn't the price of these already issued papers be expected to increase further or do you guys think that is already priced in at the current market rates for these papers ? PS: Not asking because I wish to invest, but just out of curiosity. I would rather sit on the sideline than take the risk incase no rate changes happen. + +Stock market often times move in anticipation to changes in RBI stance/laws/other factors. Does the debt market move in a similar manner as well ? +You know, the ones supposedly nobody wants to work? + +I keep applying for companies that say they're in desperate need, they're hiring fast, blah blah blah, but I haven't heard back from any aside from a single, solitary rejection email. + +And it's not like I'm applying for CEO, neurosurgeon, NASA engineer or things that I'm clearly not qualified for. I wasn't even applying for things that I'm somewhat questionably qualified to do, although I am now, purely out of desperation. I need a job like yesterday, so I'm sticking with what I've always done - retail, customer service, etc. The kind of shit they normally hire people right out of high school to do. Not one response. Not one. + +Yet every day I see another headline about all these jobs out there, or screenshots from bosses and managers complaining about how we're all twiddling our thumbs while they're severely understaffed, all these companies are jacking up their prices and making record profits because they can't get enough people to do the work...meanwhile I'm out here flailing my arms like a psycho, trying to get someone's attention, all with the hope of making a whopping $11 to $14 an hour. If that. + +No response. + +This is absolute BS. + +Edit: I really appreciate everyone offering to help, those who reached out with suggestions, and those who recognized the area I'm in and DM'd me with even more local suggestions and advice. I haven't been able to reply to everyone yet but I've got mad love for y'all ❤️ +**Series Intro: (I am getting increasingly worried about the amount of warning signals that are flashing red for hyperinflation- I believe the process has already begun, as I will lay out in this paper. The first stages of hyperinflation begin slowly, and as this is an exponential process, most people will not grasp the true extent of it until it is too late.** I know I’m going to gloss over a lot of stuff going over this, sorry about this but I need to fit it all into four posts without giving everyone a 400 page treatise on macro-economics to read. Counter-DDs and opinions welcome. This is going to be a lot longer than a normal DD, but I promise the pay-off is worth it, knowing the history is key to understanding where we are today.) + +&#x200B; + +# This is a continuation of [Part 4.0](https://www.reddit.com/r/Superstonk/comments/png8nu/hyperinflation_is_coming_the_dollar_endgame_part/)- If you haven't already, PLEASE go back and read the prior sections before continuing. + +# + +*I want to caveat the below by stating that I do not think a potential hyperinflation in the U.S. would look the exact same as Weimar Germany. We have had 100 years of technological and social advancement, and thus it would manifest very differently today. The 1920’s German hyperinflation is a worst-case scenario, but it is vital to understand the history to analyze the similar situation which our nation faces.* + +&#x200B; + +# Hyperinflation Begins + +&#x200B; + +As 1921 dragged on, the fiscal situation continued to worsen. **The German Government faced an impossible situation: they could either choose to hike taxes to over double their current rates (which were already high due to tax hikes authorized during wartime), which would most certainly cause a political revolution in Germany and potential default; or they could continue to print their deficits, and hope that the Allies wouldn’t seize German assets or that the rising cost of living would cause food shortages and riots. They continued down the path of money printing, unaware that they were steering their country ever more rapidly into the abyss.** + +In March 1921, [France occupied German ports](https://www.businessinsider.com/weimar-the-real-story-of-the-devastating-collapse-that-haunts-the-eurozone-today-2012-10#during-the-war-the-german-government-used-extensive-propaganda-to-hide-the-inflation-from-the-population-2), due to increasing frustration on the side of the Allies of the Germans’ inability to pay. The Rhine ports of Duisburg, Ruhrort, and Dusseldorf were seized, which further reduced the ability of exporting businesses to sell their products, driving their shares down on the exchanges. The next month, another devastating blow was dealt as the Commission finalized the determination of Germany’s War reparations. Adam Ferguson continues: + +&#x200B; + +[\(pg 36\)](https://preview.redd.it/pfugql21jvn71.png?width=776&format=png&auto=webp&s=ce6d0320415afcd9ca98226d78811c7dcede2b5e) + +With the political situation becoming more volatile, large banks and wealthy Germans began to sell their marks on the foreign exchange. At the beginning of the negotiations, this had begun as a slight trickle, as most educated Germans believed that the Treasury officials would right the ship, balance the government budget, and be able to pull Germany out of the quagmire. + +&#x200B; + +But, as the situation deteriorated through 1920 and 1921, bankers, speculators, merchantmen, and wealthy industrialists all began dumping marks on the exchanges, further driving down the value of the mark and thus increasing the import prices of foreign goods for Germans. **By July 1921, the German merchant banks began ordering foreign exchange traders to sell all holdings of paper marks- at any price that was bid.** + +&#x200B; + +Soon, the general public joined in. Anyone with any excess wealth held in marks took them to the exchanges to sell and convert to more stable currencies, further adding to the dumping of marks on the exchange and crushing its value in foreign exchange markets. Capital had begun fleeing the country en masse. + +&#x200B; + +Meanwhile, inflation continued to soar. As the Treasury continued to spend, it found that the prices it was paying for goods and services (worker pay, food, oil, coal, steel, etc) kept rising, which in turn increased the amount of money the Treasury itself needed to spend just to keep the government running. + +&#x200B; + +**This increased demand for new currency fell on the Reichsbank, who readily printed it into existence and handed it to the Treasury- thus representing ANOTHER devastating feedback loop that would lead to an exponentially increasing money supply.** + +&#x200B; + +[\(pg 46\)](https://preview.redd.it/gjz452dyivn71.png?width=780&format=png&auto=webp&s=ba20eecf3614d8a820fa5d014a1c7bcaad20d3da) + +&#x200B; + +Furthermore, as seen above, the Tax system could not keep up. The bankers and the wealthy industrialists had already moved the bulk of their wealth overseas or into foreign currencies, and the middle class, squeezed by the ravages of inflation, had no patience for any increase in taxation. + +&#x200B; + +**Like most industrialized nations, the government collected most taxes on a yearly basis, but with inflation growing past 100% by the winter of 1921, the annual taxes were basically a moot point.** If the government charged an individual with a 100 mark tax liability, and he paid it a year later, it would only be worth approximately 16 marks or so- and the longer he deferred it, the less he would have to pay (in real terms). + +&#x200B; + +Other sources of government revenue, such as railway fares, patent fees, coal taxes, and import duties, were fixed at low pre-war levels. The large and complex German bureaucracy made changing these fees extremely difficult, and even when they could adjust these fees, they could never raise them fast enough or often enough to keep up with inflation. + +&#x200B; + +When the government needed taxes the most, the population began a mass program of tax evasion, due to both anger at the current incompetence of the Weimar government and the rapidly rising inflation. **Thus, the government had no response but to continue to increase their request for printed notes from the Reichsbank, as all other sources of financing (taxation and borrowing) were slowly being cut off.** + +&#x200B; + +[\(Hyperinflationary Positive Feedback Loop\)](https://preview.redd.it/b8310dw8jvn71.png?width=591&format=png&auto=webp&s=c7af063ca7ad75da2a72bd661e6120644e706086) + +&#x200B; + + **European bankers soberly concluded that it was impossible for Germany to continue to pay her payments to the Entente, and sooner or later she would have to declare herself bankrupt.** The state of the mark on the foreign exchanges continued to deteriorate. It had somewhat stabilized in mid-August at 310 to the pound, but had sped downwards to over 400 by mid-September, and was still going down. (pg 45). + +&#x200B; + +**By October 1921, the state of the budget was sombre. In terms of paper marks, the sum of the governments’ ordinary expenditure plus the reparation payments to the Allies was more than 191 Billion Marks. The revenue from the previous budget and new taxation proposals of July would only amount to 152 Billion Marks. (pg 49, paraphrased).** + +&#x200B; + +In November, a buying frenzy had begun. Seeing the steady decline of the mark, throngs of people rushed to stores to buy out their stocks. Cash accounts were emptied at the banks, and safety deposit boxes were stripped of all contents except gold and silver as prices began to skyrocket in terms of paper marks. Store shelves were stripped bare, and black markets of food and manufactured goods quickly developed. British Embassy Councillor Addison observed the scene: + +&#x200B; + +[\(pg 57\).](https://preview.redd.it/3mlgo77gjvn71.png?width=779&format=png&auto=webp&s=00000cabb201283b0675f05e355c76d829bba382) + +&#x200B; + +That same month, mass strikes began across the country. In Berlin for instance, Addison reported that he had to work in his office in semi-darkness due to a strike of municipal electrical workers. + +This strike was only broken by a promise of wage increases all around, involving an extra expenditure of $400 million marks, pushing the State budget even further underwater. He commented “the impossibility of the working classes to obtain even obvious necessities except at exorbitant prices, coupled with severe winter setting in, might lead to serious trouble.” (pg 58). + +The mark, already in serious trouble, dropped to over 1,300 to the pound in late November. Food riots began taking place in Berlin. + +&#x200B; + +[\(Lines of Shoppers outside Grocer, 1922\)](https://preview.redd.it/4r9vz8xjjvn71.png?width=682&format=png&auto=webp&s=73675d36f334a96e284e7dbcbffbf5773fdc8f8a) + +&#x200B; + +With essential goods shortages becoming more and more frequent, people began lining up in queues hours before stores opened. Those who had the means hoarded dozens of pounds of food, saving much of it for their families and selling any extra on the black markets for exorbitant profits, as black market prices were often 30% higher than in-store. + +To the anger of the beleaguered Germans, foreigners of all stripes began to pour in and purchase everything off the shelves. French citizens poured in by the thousands, as even the common working man could now afford items in the high-end boutique stores, due to the favorable exchange rates. + +Europeans from all around wined and dined in the most exclusive restaurants, buying out all the finest entrees and cakes. Workers could only helplessly watch from the windows as the citizens of the victorious nations now rushed in to engorge themselves on cheap German goods. + +The first few months of 1922 offered no reprieve. Food prices continued to soar, and theft in stores became commonplace. By the end of March, the prices had soared another 50% compared to the previous December. + +Gambling on the stock exchanges became rampant. As capital continued to lose value daily, the opening of the stock exchanges became a national pastime, with hundreds of thousands of Germans, from bellboys to cab drivers, dumping any extra funds into the exchanges in some hope of keeping up with the rapid inflation. + +The favorites were firms of heavy industry, of steel, coal, or iron, as well as agricultural production or clothing manufacturers- really anything that dealt in real goods. The clearing houses were days behind in settling trades as the volumes were soaring to levels never seen before. + +&#x200B; + +By July 1922, Mr. Seeds, the Consul-General in Munich, wrote to say that his chauffeurs’ weekly expenditure on food alone was now more than 550% more than than a year ago. Rarer items, like butter and marmalade, could not be had for less than 8 times their price the previous year, and could only be found on the black markets, which were outlawed by the Congress. + +The foreigners who had bought up entire stores full of goods now set their sights on German real estate. Prices for land were soaring in terms of marks, but even they could not keep up with the rapidly rising exchange rate- this meant that in terms of foreign currency, the price of homes was actually falling. Wealthy French, Italian, British, and Japanese businessmen began buying up swaths of real estate for literal pennies on the dollar. + +**The wealthy took advantage of the rapid collapse by taking out massive loans to buy assets, as the real value of the debt collapsed due to the rampant inflation. Hugo Stinnes, an industrialist and multi-millionaire, became infamous nationwide, as he built a manufacturing empire which held one-sixth of the country’s total industrial production.** + +**He saw his debt payments for his factories inflated away as the Reichsbank’s printing presses continued to churn out marks in ever increasing quantities during 1922.** He justified inflation as a means of guaranteeing full employment- It was, he maintained, the only way whereby “the life of the people could be sustained” (pg 74). + +Lord D’Abernon, British Councillor to the Ambassador in Berlin, wrote in his entry for July 10, 1922: + +“The whole sky is overcast and gloomy. The fall of the mark continues- today it is at 2,430, or about half the price of a month ago. Prices are rising, and will soon be double the level of June 1, wages and salaries must be adjusted. Adjusted to what?” (pg 81). + +In the four weeks of July the index of wholesale prices had risen from 9,000 to 14,000, another monthly rise of over 50%. The Frankfurter Zeitung recorded that wholesale price of goods had gone up by 139 times since before the war; of leather and textiles by 219 times. An egg which had once cost 4 pfennigs now cost 7.20 marks, a 180-fold increase. A bank clerk’s annual salary, would therefore only keep his family alive for about a month. + +&#x200B; + +[\(pg 85\). ](https://preview.redd.it/i8swmql1kvn71.png?width=784&format=png&auto=webp&s=54321e66c68083a271b75c81642f4ee72754ceb8) + +&#x200B; + +The excessive rise in the cost of living put more and more pressure on employers. **Government officials were granted a 38% salary increase on August 1, and workers an additional 12 marks an hour- a further burden of 125 Billion marks on the State budget.** There were no plans to meet this besides a 50% increase in railway fares and another increase in postal rates, which only provided a fraction of the needed revenue. + +To say that the inflation was ravaging the middle classes was an understatement. The German Ministry of Education came out in early 1922 stating that they found the average school child two years behind in development, both physically and intellectually, due to the lack of available bread and milk, as well as the children being pulled out of school to work to provide for their families. + +In wealthy neighborhoods, lower- class mothers were seen searching the garbage bins for discarded food, in hopes of finding their children something to eat. The fate of the elderly, was far worse however. Their fixed pensions and savings held in government bonds had been inflated away, so much so that some could not even afford a single apple. With no salary, they had no way of keeping up with the skyrocketing costs of living. Many began to starve and beg in the streets. ([pg 87](https://imgur.com/gallery/Eew6vSN)) + +**Meanwhile, the politicians continued to deny that the printing press was the cause of their woes.** Dr. Rathenau, the Minister of Reconstruction, began to claim that a *rise* in the value of the mark should immediately worry the populace, as any strengthening of the mark against other currencies likely would cause increased bankruptcies across all major industries as debts become comparatively more expensive to pay. The Chancellor echoed this note: + +&#x200B; + +[\(pg 89- milliards means billions\)](https://preview.redd.it/8rwy9f3bkvn71.png?width=823&format=png&auto=webp&s=988c76a19719ba9102b2c85be75577979ecd2805) + +&#x200B; + +It was no surprise that with real wages plummeting, bribery and corruption became rampant. Workers at the patent offices would demand large cash bribes, sometimes of 1,000 marks or more, to file patents, and government officials of all types began adding exorbitant fees which they personally collected instead of sending to the State coffers. + +The only people living with any comfort were those living off the country- farmers, ranchers, and the like had the readiest access to real values, and their products, primarily food, continued to rise in price, increasing their profits. Any land debts they owed were evaporating before their eyes- a mortgage of 7 years’ standing had been 399/400ths paid off by inflation alone. **The end of August 1922 marked another grisly milestone, as the mark plunged past 9,000 to the pound- more than 3 times its level just two months prior (108).** + +Those who owned land, houses, manufactured goods, precious metals, and raw materials were the only ones whose wealth remained intact. For all others, the mark’s plunge by this time had destroyed virtually all of their wealth. + +On September 9 1922 the financial authorities announced that in the previous ten days 23 billion marks had been printed and distributed, representing 10% of the total circulation of paper in the country. The newspapers recorded, “**The daily production of the Federal printing press has now risen to 2.6 Billion paper marks. In the course of this month it will be increased to 4 billion paper marks per day, at which figure it is hoped the shortage of money will definitely be overcome**” (pg 111). + +&#x200B; + +[German CPI](https://preview.redd.it/im9x03ejkvn71.jpg?width=780&format=pjpg&auto=webp&s=8fd8eeef62504185a738ad419e8307f6cb896059) + +In October 1922, the situation continued to worsen. The mark seemed to enter a state of free fall, falling from 9,000 to 13,000 in a matter of weeks. September’s 26-mark litre of milk became October’s 50 mark litre. Butter at 50 marks a pound in April could only be had now for 480. The price of a single egg had also doubled, to 14 marks. At the end of October, the mark had slid again, to over 18,000 to the Pound. + +The disparity between the rise of the cost of living and the rise in wages had now become very marked. Whereas the former had gone up by about 1,500 times, the wages of the miner- the best paid worker in Germany- had gone up by barely 200 times. With the mark in Mid-November at 27,000 to the pound, and prices following course, even the highest paid workers were unable to purchase the barest necessities of life. The others- especially those on fixed incomes, suffered accordingly (113-114). + +&#x200B; + +[\(117\)- Money Velocity Increasing](https://preview.redd.it/upx21a7wkvn71.png?width=805&format=png&auto=webp&s=6b8ecfdcf68c31752c74c3b43bf7ef76321210f6) + +&#x200B; + +Social and political unrest continued. Hatred of all foreigners, but especially Jews, became widespread, as the popular explanation was that the Allies and the Jews were collaborating together to manipulate the exchanges and drive the mark ever downwards. The newspapers, goaded on by government officials anxious to drive the public anger away from themselves, propagated and supported these theories. + +In the third week of November, there were serious collisions between police and crowds of angry workers across Germany after they demanded a 100% wage increase and threatened to strike. In Dresden there was a fierce outbreak against the cost of living, with provision shops looted and damage estimated at 100 million marks. This was followed by a noisy display of xenophobia in front of the hotels which housed the foreigners- whose presence in the country was commonly supposed to be the cause of the rise in prices. Food riots followed in Braunschweig and in Berlin. + +Mr. Seeds’ chauffeur still instinctively regarded the mark as being as good as gold, failing to realize how desperately sick it had become. His records in December reported that milk which had cost him 78 marks a litre in the first week of November cost him 202 marks a month later. Butter had risen from 800 to 2,000 marks a lb, sugar from 90 a lb to 220, eggs from 22 each to 30. Meat of any kind was practically unavailable, as sausage skyrocketed to 1,400 marks per lb. + +&#x200B; + +# 1923- The Year of the Wheelbarrow + +&#x200B; + +Even more monetary chaos was yet to come. The French, Belgian, and Italian members of the Reparation Commission, with Britain dissenting, decided on January 9th, 1923, that Germany had been in voluntary default on her coal and timber deliveries under the peace treaty. + +There was then no legal way from preventing Poincare (French Commissioner) from carrying out his threats of invasion. On January 11th, French and Belgium forces crossed the border and seized the Ruhr “for the purposes of securing deliveries”, beginning a formal occupation of the valley. The French Prime Minister warned that sanctions and “coercive measures” would be used if necessary. + +&#x200B; + +[\(French soldiers entering The Ruhr\)](https://preview.redd.it/glcc6yw2lvn71.png?width=683&format=png&auto=webp&s=eb5dc598a2e5676a3ad31fc982870ea869f60cb8) + +&#x200B; + +The Ruhr Valley represented the beating industrial heart of Germany, and accounted for the vast majority of her manufacturing power. The populace there, many of which were war veterans with undying patriotism for the fatherland, began a mass campaign of passive resistance, called “Ruhrkampf”. Hardly anyone worked; hardly anything ran. Coal mining was halted. The population there - 2 million workers, 6 million souls- had to be supported by the rest of the country. + +The German economy was now called upon to subsidize an open-ended strike, and denied the most important domestic products and raw materials- coal, iron, and steel- and was also robbed of its substantial earnings from the Rhine-Ruhr exports. The Exchequer (Treasury) was itself deprived of all the normal tax revenue from a huge portion of the nations’ industry, as well as the coal tax and railway fares. All railway lines within and out of the Ruhr were shut down, as workers refused to operate them, and in some cases, blew the tracks up (122). + +&#x200B; + +[\(127\). ](https://preview.redd.it/5z6t4jlblvn71.png?width=798&format=png&auto=webp&s=dc25a98f6ca800e6317fde26046d3c10a412f85f) + +&#x200B; + +**The significance of the loss of the Ruhr cannot be understated. With her industries no longer producing, and millions out of work, refugees from the Ruhr flooded into the rest of Germany. Goods shortages became even more severe as thousands of farms and factories in the Ruhr were left unattended. Fewer goods being produced meant that prices had to rise even more to account for the shortages.** + +Hemingway, visiting from France, recorded in March 1923 for the Toronto Daily Star that champagne cost 38,000 marks a bottle, and lunch 3,500 marks. + +In March, April, and May of 1923 the government’s income was less than a third of its expenditure. The state of the budget continued to worsen. The Reichsbank, printing out trillions of marks a day, began to run out of ink. + +**The officials resolved, therefore, to only print the markings on one side of the bill to save ink. They then ordered periodicals and newspapers to cut down issuance so that their ink and paper could be appropriated for use by the printing presses. Between May 1st and may 31st the mark fell from 220,000 to 320,000 to the pound. The 1st of June was celebrated with the issuance of the first five-million mark note (pg 137).** + +Petty crime, the crime of desperation, was flourishing. Pilfering had of course been rife since the war, but now it began to occur on a larger, commercial scale. Metal plaques on national monuments were removed. The lead was beginning to disappear overnight from roofs. Petrol was siphoned from tanks of motor cars. + +Barter was already a usual form of exchange, but now commodities such as brass and fuel were becoming the currency of ordinary purchase and payment. A cinema seat cost a lump of coal. Shirts were priced in potatoes. “The Middle Ages have come back,” a German remarked. (139). + +&#x200B; + +[Wheelbarrows of Cash](https://preview.redd.it/asvlkkuflvn71.png?width=682&format=png&auto=webp&s=2a1bd0dda3dfcce36ff4ed6c54a536e79ce892c8) + +There were stories of shoppers who found that thieves had stolen the baskets and suitcases in which they carried their money- leaving the money itself lying on the ground. Workers who had collected paychecks monthly just a few years before, now demanded daily payment- and they brought wheelbarrows with which to pick up their cash. + +&#x200B; + +[\(pg 142- A Milliard here means a Billion\)](https://preview.redd.it/7238snbtlvn71.png?width=845&format=png&auto=webp&s=fba25bcbe5898c640f58192870c2e2694fd16d71) + +&#x200B; + +Prices for everything exploded exponentially higher. The announcement of the exchange rates via the radio became commonplace in shops, as shopkeepers wanted to be updated every minute. Shoppers who walked in to buy cheese, for instance, found that the cost had risen from 6,000 marks to 8,000 marks per pound by the time they left the store. + +Tradesmen could not know how to establish prices, and often simply shut up shop. Cafes began requiring down payments on coffee as the price would double in an hour, and the owners wanted to be sure the customers could pay. + +The sickening truth that was beginning to set in was that as prices rose, the demand for money itself rose. With nearly all food prices upwards of 10,000 marks per pound, the country needed billions of marks per day of new notes to satisfy these prices. They were stuck in a vicious cycle that seemed to drive them ever further into the depths of monetary destruction. + +**During the last days of June 1923, the mark sank from 600,000 to 800,000 to the pound, as the Reichsbank, desperate for foreign currency, was printing marks wholesale and selling them in order to purchase other currencies on the exchange. A month later, the mark would trade at 5,000,000 to the pound.** + +Companies began to pay workers in shoes, or leather, or anything else they could get their hands on. Many businesses began to refuse accepting marks altogether- unless they had ready means of getting rid of them immediately. The Reichsbank, running out of paper, requested all forms of paper be turned in for use by the presses. + +&#x200B; + +[Ratio of Paper Marks to Gold Marks](https://preview.redd.it/g9pengv1mvn71.png?width=800&format=png&auto=webp&s=020bfc5bdbfee9ac9647b64721c7b7c742aa430b) + +Pay raises became daily occurrences. Those firms and cities that did not comply faced mass rioting and looting of their businesses. The demand for money continued to exponentially increase, with one company in Coblenz reporting that it needed $300 Billion marks in cash on Monday in order to stave off riots from the union workers. + +The Reichsbank in early August promised to print locally a trillion marks per day- 2,500 times that which had been printed daily 8 months before. Again the government ordered price increases of 400% for railway fares, and 140,000% increases for income and corporation taxes. A few days later it was proposed to be 600,000% increase. Even if the taxes worked, it would not have reduced the budget imbalance by half (pg 165). + +On August 17, Dr. Havenstein, President of the Reichsbank, stated with pride “Today we issue 20 Trillion marks of new money daily… In the next week, the bank will have increased this to 46 Trillion daily. The total money supply at present amounts to $63 Trillion- thus we will be able to issue, in a few days, 66% of the total prior circulation. Before he spoke the mark was trading at 12.5 million to the pound, within 48 hours it collapsed to 22 million to the pound. + +The state of the people was desperate. **Farmers, seeing the monetary chaos unleashed by the Reichsbank, withheld their produce and meat from the cities. Bakers hoarded their bread, as each passing day they waited to sell, the prices climbed even more.** + +**This created the perverse scenario where farms were filled with food, and barns bursting with produce- but nothing at all to eat in the cities, where mass starvation began.** Looting of grocery markets became commonplace, so they shut down. Tens of thousands began dying of starvation. A general state of famine was unfolding across Germany- as recorded by a British businessman: + +&#x200B; + +[\(pg 199\)](https://preview.redd.it/bvd1y8ocmvn71.png?width=758&format=png&auto=webp&s=8113f2d882d77d43492b3852e6e324bdaa0765e4) + +&#x200B; + +The Nazi party, unknown to most before 1922, exploded in popularity. On September 2, 1923, 100,000 demonstrators gathered for a rally at Nuremburg, where Hitler stood and launched a virulent attack upon the government, which was about to surrender Germany’s honour to France. Within a week, sometimes speaking 5 or 6 times a day, Hitler was calling for the installation of a national dictatorship. + +The government, hungry for anything that still held value, ordered soldiers to raid cafes in Berlin, forcing customers at gunpoint to hand over all foreign currencies. The soldiers only collected a few thousand dollars worth of money, but the exercise demonstrated not only the futility of the policy, but the desperation of an advanced industrial nation which was unable to find bidders in a foreign market for their marks. + +**British Councillor to the Ambassador, Addison, recorded on September 9th, 1923 that the mark had collapsed from 300 million to the pound to 500 million just in the last 24 hours.** In an act of desperation, everyone, Ministers and the Chancellor included, were hoarding all the food they could, and refused to pay taxes. The only impediment to the distribution of food was the lack of negotiable currency to pay for it. + +By late September, the Reichsbank was printing 3.2 Quadrillion marks per week, an astounding amount which only purchased a measly 5.2 million Pounds. Calculating prices became near impossible, as the dizzying numbers were hard to contemplate. + +&#x200B; + +[\(The cash needed to buy a single loaf of bread, Oct 1923\)](https://preview.redd.it/tmpe58bfmvn71.png?width=681&format=png&auto=webp&s=175785e0829d266d3a0807bc11cb6f7813f6ff3c) + +&#x200B; + +The Government’s control of the political, let alone financial situation, was near the breaking point. On September 26th, Stresemann, the Minister of Foreign Affairs, suspended the Weimar Constitution, declared a State of Emergency, and gave executive powers to Herr Gessler, the Defense Minister. The transfer was a formality- Effectively, from then on, for five months, General von Seeckt, Commander in Chief of the Reichswehr (Weimar Army), was the supreme executive power in the land. There were whispers of a military coup in the streets. + +**On October 15, the marks’ rate against the pound passed 18 billion. Six days later, it was at 80 billion. At the end of the month, the total M1 money supply (bills in circulation) amounted to 2,496,822,909,038,000,000- or 2.49 Quintillion marks. The mark traded Oct 31st at 310 Billion to the pound.** + +As November started, a new man, Dr. Schacht was appointed as Commissioner of the Currency. The state of the National Budget was appalling. In the previous 10 days, Federal spending had exceeded revenue by 1,000 times. The financial statements of the State included on every page a reminder that all figures were in Quadrillions. + +**The cost of living index, taking 1914 as 1, had risen from September’s average of 15 million, to 3.6 billion in October, and reached 218 Billion on November 12, 1923.** + +Dr. Schacht ordered the immediate halt of the printing press on November 15. Havenstein, the President of the Reichsbank, was furious. Schacht recorded that all the unissued paper marks then in the hands of the Reichsbank, would have filled 300 ten-ton railway wagons. + +**The mark, already in freefall, had too much downward momentum, and thus continued it’s parabolic decline. 12 Trillion to the Pound on November 15- then 18 Trillion to the Pound just 5 days later.** + +Schacht announced the creation of a new currency- the Rentenmark, which was to be backed by land. + +&#x200B; + +[\(pg 206\)](https://preview.redd.it/4evlmecmmvn71.png?width=823&format=png&auto=webp&s=bedeb584615fe50e1104bbcbbfd2f6972ab5b298) + +&#x200B; + +By November 30, 500 million Rentenmarks went into circulation. This finally did the trick- as there was a fixed issuance of notes, and they had been backed by a scarce commodity like land, the people, exhausted from the chaos of the months before, readily switched to the Rentenmark. Prices stabilized, exchange rates normalized, and food started flowing back into the city markets. The new money was accepted, despite the fact that it was an inconvertible paper currency. It was held and not spent as rapidly. + +**The exchange rate from the paper mark to the old gold marks was 1,000,000,000,000 to 1- one Trillion old marks for each gold mark. The previous exchange rate before the war had been 4:1. The total old paper mark note circulation (M1 Money Supply) had ended November at 400 Quintillion.** + +By December, the food shortages had completely resolved, and the political situation stabilized somewhat. The Weimar Republic would exist for another decade, until 1933, when the Nazi Party, led by Hitler, took over the government and permanently suspended the constitution. + +&#x200B; + +&#x200B; + +# Smooth Brain Summary: + +Germany entered WW1 due to a complex web of alliances that dragged it into conflict via Austria Hungary declaring war on Serbia in 1914. + +Millions of men died, and enormous amounts of infrastructure were destroyed. The German state loaded itself up with debts to pay for the war, and spending continued to increase after the War, setting the nation up for a monetary disaster. + +As no financing options were available, the State decided to allow the Reichsbank to print the State deficits, so that they could come up with the money needed to pay reparations payments and keep government services functioning. + +Inflation began soaring in 1921, and devastating feedback loops came into effect. German banks began dumping marks on the exchange, and capital began fleeing the country. Social confidence in the mark deteriorated, and money velocity started to accelerate. Inflation reached into the thousands of percent. + +Furious that they were being paid in ever more worthless paper marks, the French occupied the German Ruhr river valley in early 1923. This was the last straw, as the Ruhr was the industrial heartland. Goods became even more scarce, and prices raced upwards. + +In mid-1923, the mark, already in a hyperinflation, began to go parabolic. Food shortages became common, and riots and political turmoil followed. Radical elements, like Hitler, grew in popularity. + +Things were finally stabilized in late November 1923 with a monetary reset- a new currency was introduced, one that was backed by land, and monetary velocity + inflation finally began to fall, prices stabilized. The seeds were sown for the Nazis’ ascent to power a decade later. + +&#x200B; + +# Epilogue: + +We’ve covered in depth the rapid collapse of the mark and Germany’s descent into the abyss of hyperinflation. The next sections will focus on the United States in the present day, and the dilemma the Fed faces- how to deal with the insurmountable debt levels now permeating the entire American economy and Federal Gov’t- and their ultimate dilemma; whether to destroy the Treasury (by raising rates) or destroy the Dollar (by printing it to oblivion). + +As we continue through this series, I want you to reflect on the factors present in Weimar Germany in 1919 before the collapse, compared to the modern U.S. Of course Weimar is not a perfect analogue to the US, we are 100 years more advanced technologically, more socially progressive, and not under threat of military invasion. That being said, there are important similarities. + +Factors: + +* **Massive, unpayable government debt** +* **Rapidly increasing Federal deficit spending** +* Tax evasion, especially by the wealthy +* Recently lost a costly war +* **Exponentially growing money supply** +* Inflationary Feedback Loops +* **Rising Inflation** +* Increasing political polarization +* **Social and moral decay of the upper classes; decline of institutions** +* **Increasing wealth inequality; Mass amounts of homeless veterans** +* Increasing xenophobia +* End of debt cycle + mass bankruptcies of companies +* **Political turmoil, riots against the establishment** +* Profiteering by wealthy industrialists to buy up huge swaths of real estate +* Banks using backchannels to move capital out of the country +* **Massive loss of industrial manufacturing** (In Germany, due to War/Occupation- in the US, due to China) +* **Shortages of goods** +* **Evaporation of the Middle Classes** +* **Rapidly rising home + asset prices** +* Gambling on the stock exchanges (WSB in general, except GME) +* Rampant corruption and greed in government offices +* Central banks buying massive amounts of government debt +* Politicians’ continual denial of the worsening inflation + +&#x200B; + +&#x200B; + +# BUY, HODL, BUCKLE UP. + +# >>>>>>>TO BE CONTINUED >>>>>>> PART 4.2 “AT WORLD’S END” + +&#x200B; + +**(Adding this to clear up FUD- My argument is for hyperinflation to begin in a few years- this is a years- long PROCESS, and will take a long time to play out. It won't happen tomorrow, but we are in the same situation as Germany after WW1. BUY AND HOLD.** + +*Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that – an opinion or information. Please consult a financial professional if you seek advice.* + +\*If you would like to learn more, check out my recommended reading list [here](https://docs.google.com/document/d/1nSw9odLoExaq0oEBqIHrCK1Xj5KfyjBkGQZ93LTh34g/edit?usp=sharing). This is a dummy google account, so feel free to share with friends- none of my personal information is attached. You can also check out a Google docs version of my[ Endgame Series here](https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit?usp=sharing). If you want a PDF version, [u/zedinstead](https://www.reddit.com/u/zedinstead/) made copies of Parts 1,2, and 3 in his Superstonk DD library [here](https://www.reddit.com/r/Superstonk/comments/p7fx8w/the_superstonk_library_of_dd_art_books_and/). +My wife is graduating this Spring and just landed a job to the tune of 80+k. I still have two years until I graduate and we are both comfortable with our current frugal circumstances. Neither of us have any debt and with our small income from student work, research, and internships we could make it through the next year or more without using any of her income. + +&#x200B; + +Essentially, we will be jumping from 20k to 100k a year. Neither of us have ever experienced money like this. We want to increase our credit and put our money where it will grow. We are trying to plan out the next 4-5 years. What sort of plans would you make, what investments should we look into and what things might we not be aware that come with having a large income increase? + +Edit: Thanks for the great thoughts. So get the 401k match, max both IRAs, and then finish the 401k with a 3-6 month emergent fund seems like the ideal. +With what remains, how can we prepare for big purchases (house) and starting a family in the next 3-5 years. What options are there to provide a good return over the next 5-25 years? I’d like those funds to work for our family, not just our retirement. +So a bit of backstory. in June of 2020, I bought a 2019 Toyota Camry LE for 16K from a dealership. It had 19k miles and was exactly what I wanted. My previous vehicle had been totaled in a hail storm so between that, and what I had saved, I only had to take out a 6k loan. I worked hard and had the 6k paid off in 8 months. + +I graduated in 2020 with a bachelors in computer science, and now have a remote job making 40k per year, which is pretty good for where I live. Even working through collage, and having 50% of my school paid via a grade based scholarship, I still have 28k in student debt. + +Then the Covid hits, and my loans are now on pause until spring. So I start to save, and manage to get 8k in savings. Also because of Covid used cars go up in value crazy high. My 2019 Camry I bought for 16k now is worth 26k even though it has 12k more miles and is 1.5 years older. + +So I sold it, and now have 34k in my money market account at .3% interest, but my only car it a old beater that need a couple hundred in repairs. + +The money from my car sale is in there (making $90 per month) until my student loans come due in May, then I will pay it off. Which will still leave me 6k to buy a decent car, if I save nothing. + +&#x200B; + +I am worried about the car market not going down, and having to buy back in high. Was this a smart move? What is your opinion? Let me know if I screwed up. + +Thanks! + +&#x200B; + +EDIT: + +Can anyone confirm my math + +10k profit + 40k wages - standard deduction of 12k = 38k taxable income, which is below the minimum threshold for capital gains taxes correct? + +also I will have a couple thousand in charitable contributions, so can I use that and the standard deductions? + +&#x200B; + +EDIT 2, I know my math on .3% of 29k is wrong +Title kind of says it all—how do you all plan ahead so you have money for different types of goals? Do you only care about long-term goals, or do you like saving for smaller goals as well (like buying a TV or taking a vacation). Curious what everyone's process is like. + +I use Betterment auto investing every week for some goals (future car purchase, saving for a home, etc.) and then don't plan too much ahead for smaller goals. +So, I was digging more about this whole Wu-Tang Theory, and I started reading articles about the lawyer who facilitated this deal back in late July. Peter Scoolidge had this to say about the deal in his interview with Vice the day after the deal was made: + +&#x200B; + +[https:\/\/www.vice.com\/en\/article\/jg8kxg\/we-talked-to-a-lawyer-who-listened-to-the-pharma-bros-wu-tang-clan-record](https://preview.redd.it/0t1zepnh2iv71.png?width=654&format=png&auto=webp&s=0e13018e368fedbeae9b4f4c3780f4eea0a20e63) + +This led me down a rabbit hole of finding more information about this lawyer, which brought me to his LinkdIn profile. He claims to have worked on some interesting topics: + +&#x200B; + +https://preview.redd.it/8wk2q4xo2iv71.png?width=785&format=png&auto=webp&s=9d0482daf4cbe6a1e4fa6a7dce01344be8b22ac7 + +&#x200B; + +https://preview.redd.it/shqak63q2iv71.png?width=747&format=png&auto=webp&s=f74c1214d1aff88c2e19aab8e618aa54103d084d + +Hey! I know some of those buzzwords! + +Also, I think this was mentioned by another user here before, but I can't for the life of me find the original post. This is getting more tinfoil-y, but in the same interview with Vice, Peter Scoolidge said this: + + + +https://preview.redd.it/113ucg1z2iv71.png?width=665&format=png&auto=webp&s=64249c6ca1763d4e15b4cf4b23238b45992f2233 + +Although it took PleasrDao nearly 90 days to finally reveal themselves, exactly 30 days after the purchase of the Wu-Tang album was completed, our man, RC, tweeted about 60s music and pillowfights. Exactly 60 days after the purchase, he tweeted about it taking money to buy whisky. + +Now, I don't know about you, but that is a hell of a *cohencidence*. Also, (tinfoil intensifies), could these tweets be snippets of lyrics from the never released album itself? +We froze the economy in the middle of a bull market. We forced a global wide retraction of the economy. We don't know how travel or tourism will ever recover or if it ever will. + +The US government itself infused billions of dollars into the economy. + +I work in the wholesale construction and maintenance industry. We have a pretty good outlook from where we sit on how the economy is operating. + +First of all all predictions are forecasting growth. + +Second the supply issues are keeping the economy in check. People won't spend on commodities when they are priced so high. Wood, concrete, PVC, Copper are insane right now. This is making investors act cautiously and conservatively. + +Three that means we're seeing less projects and less risk. The money people had pre pandemic and the money they gained during the pandemic is sitting there. + +When businesses are over stretched and can't pay bills thats usually the start of a cascade of failures. + +Business A fails, suppliers don't get paid, bank doesn't get paid. Bank forecloses business. Suppliers lose business from loss of Business A. Their suppliers shrink or they fail and this hits manufacturers. The manufacturers shrink or fail and this affect producers of raw goods. + +Right now supply chain can't service Business A. Manufacturer can't supply supplier and raw material are being backed up. This is increasing demand and driving prices up. People don't spend money cause prices are too high, Money just sits there. So failures happen but at slower rates dues to the amount of savings. + +So we are currently here: +Manufacturers increasing capacity to solve the log jam and drive prices back down. Suppliers meet back orders. Business A completes projects. Manufacturers expansion has thrown an influx of cash into the economy. A number of ancillary businesses servicing the manufacturer grow. + +Those businesses are hiring +The manufacturer is hiring + +And as business A gets its log jam solved, they too hire because they have money to invest. More jobs then people. + +On the other hand though a lot of people bave been living on government substance. A lot of people haven't paid rent. Those rental businessaes have yet to show significant failire. And it might be because of the billions of dollars infused into the economy. + +So on one side is massive expansion with tons of available job + +And on the other a powder keg of foreclosures and people on the streets without jobs. (just because many jobs are available doesn't mean it's here or they're qualifed) +I've recently gotten a ton of requests from people wanting me to create tokens for them on the cheap. Deploying a token isn't spectacularly hard, but it does take time and effort even if its just a plain ERC20 token, so I created Coinify instead. + +https://bwheeler96.github.io/coinify/ + +All you do is fill out the form and send the transaction with you Ethereum wallet, and it will make your ERC20 token for you, and you will be the sole owner of the token. You can add the token to your MetaMask account instantly, and transfer/sell it from there. + +The whole thing is based on my smart contract that acts as a deployment factory for the new ERC20 token https://etherscan.io/address/0x79d03e5c093fee6f489a9bdc2f3e0103da9b5ef7 + +I want fundraising on Ethereum to be more accessible to the little projects. These massive ICOs are fine, but I really like the idea of Ethereum as an egalitarian technology that anyone can use. There's no reason for smaller players to be forced to go through all sorts of overhead just to raise a small amount of capital (I paid over $1,000 in fees starting my corporation this year). If someone wants to kickstart a small project with Ethereum, and they don't have the technical ability to issue tokens, they should be able to make that happen. +27 M/F, $700K NW (about half cash, half equities / retirement), earning $450K/year in MCOL, looking to buy a house soon, in the $500K to $900K range (which is a nicer, more luxury home in the MCOL / LCOL markets we are looking at). For our current stage in life, we consider ourselves DINKs and HENRYs but considering kids in the future. + +Trying to get a gauge on how the pre-FatFIRE / HENRYs of the sub are approaching the current housing market. Why HENRYs and not everyone fat? If you're already fat, you can probably offer cash at or above asking price - even if you plan to finance, your affordability and perspective on the market are biased a bit differently by your assets, particularly if you already own the home you're leaving (or keeping) while buying a new one. If you're a HENRY, you're more likely to be financing a house, and without significant assets to fall back on, your earnings are driving affordability. + +What we're seeing is that as rates are going up, buying is drying up, so houses are staying on the market longer. However, prices aren't really budging, and for the MCOL / LCOL areas we are looking at, prices are still inflated by some 10-20% above fair market value - I'm defining fair market value as pre-COVID, since that was a complete aberration of housing prices in most markets. + +We can absolutely afford to wait, but seeking lifestyle changes has us wanting to move soonish. Our strategy has been to submit offers below the ask just to see what sellers bite - we're offering above pre-COVID fair, but below peak (our markets are all priced at December 2021 peak, they haven't really adjusted downward at all). Some of the homes we're considering making offers on haven't gotten a single offer in the months they've been on the market, so there's maybe this quixotic hope that by submitting a genuine low offer, we can either bring sellers to terms with the market reality. + +We're happy to pay the premium for a luxury home, but we're not looking to lock in an inflated price that we can "hope to refinance soon" from, if it means potentially taking a 6 figure loss if we need to exit and sell the home in a few years at a potential market bottom. + +*From the HENRY side, are you waiting it out? What is your time horizon, 6 weeks, 6 months, happy to wait 6 years? After 2008, didn't housing prices take until 2012 to stabilize at the bottom? Are you offering at the ask, lowballing, if you're lowballing, by how much and how are sellers responding?* +My coworker is originally from Spain and has been living in UK for 5 years. Never had a debt or even a credit card usage. His mum got really sick and had to help her with expenses for private hospitals in Spain. He got different loans from banks (total of 30k) as his credit score was really good. He paid for a few months but now he needs to move back to take care of his mum and he won’t be able to pay his debts. + +He believes if he doesn’t tell the banks that he moved away nothing will happen to him if he stop paying. He won’t ever come back and stay there even if he loves living in Uk. I know he is desperate and not thinking clear and I told him they can still find him. He asked me how and honestly I didn’t know how to answer that. + +Can they possibly find him in Spain? Even if he doesn’t tell nobody in UK? I need help so i can advice him to find another solution! He’s a good man but I believe her mum’s situation is blinding his mind. +A friend sent me check for several hundred dollars, but there was a error in how the letter was addressed that caused it to be misdirected to another apartment in the complex—basically, two pieces of information (including the name) point to me, and one piece of information points to the other apartment. I know this because I use the USPS's Informed Delivery, which sends you pictures of your mail before it gets to you, so I am pretty sure I know which apartment got it. (Unfortunately, I didn't notice the error until I went back to start hunting for the check.) + +Someone else cashed the check about a week ago. My friend who wrote the check has reported it to his bank is waiting on them to get him more specific information on what happened to the check. I am going to ask the apartment management who lives in the unit that the check was apparently delivered to, but am not sure what to do with that information. + +Should I need to file a police report? Is there anything else I need to do? How likely is it that my friend will get that money back? +I’m a few years away. Very inspiring to see someone FIRE in real life instead of just reading about it online and doing your own calculations all the time. The resignation letter he sent to our VP was gangsta. Respect. + +I’m trying to talk him into going in together on opening an ice cream shop here in town. +[BBC Article](https://www.bbc.co.uk/news/uk-england-hereford-worcester-55707027) + +Edit: The article has now been updated to clarify that there were negative reviews of the quality of the products and that dropshipping has faced some criticism which does make the article more balanced. + +BBC news do put a nice spin on it but it seems a bit crazy that it's homepage news? + +To me it seems irresponsible to make a very risky (and perhaps ethically questionable) business a main story in a time when a lot of people are struggling +10 shares of SCHD would bring in about $6 in dividends, but 4 shares of chevron, would give you $13 in annual dividends. Which one would y’all prefer for someone starting out but wants to put atleast $600 in a dividend stock or etf.. which ones better for lifetime or retirement. Thanks in advance +I make very little money as a receptionist but through some careful savings/spending I’m basically debt free. The stock market has always seemed like a “rich person’s” game to me and I had just planned on working until this old body shuffled off this mortal plane. + +But all this news about stocks got me interested in retail investing (I didn’t even know you could buy $5 worth of a company!). + +My inherently frugal nature steered me clear of some of the wilder Reddit advice and I took that $5 and bought a fractional share of Pfizer. + +I saw on Robinhood that my first dividend (of $0.05) was pending and I couldn’t be more happy! + +Anyways, I’m glad I discovered this community and I’m looking forward to learning more about investing for long term income! +Hi guys, since the news came out that HSBC and Standard Chartered have both publicly backed China's security law for Hong Kong I'm looking at alternatives for my current account (I bank with HSBC at the moment) + +I've done some digging into ethical banking and think I'll go with Triodos but am open to suggestions. + +Do these sorts of news stories impact you at all? +Hey all, this is my first time actually contributing to the sub. Usually I come here for advice but now I have some for you. At the end of 2018 I downloaded a budget template and logged all transactions throughout 2019 and I have never felt more in control of my finances. By keeping an indepth budget sheet I was able to pinpoint and realise where my money was going where it shouldn't be and to where it should be going instead. Being able to track every cent I spent or earned was the best thing I did in 2019. + +You don't need to use the template I am, but I would recommend it: [~~https://www.thefrugalgene.com/budget-spreadsheet-free-google-docs-planner/~~](https://www.thefrugalgene.com/budget-spreadsheet-free-google-docs-planner/) use this one instead: [https://docs.google.com/spreadsheets/d/1qxe7PBGLVknHwJmRGP-1J60UsjCXsMffKFEnbmb3-SI/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1qxe7PBGLVknHwJmRGP-1J60UsjCXsMffKFEnbmb3-SI/edit?usp=sharing) + +The biggest obstacle is to keep yourself motivated to continue filling it in as the year goes on. Keep your receipts to make it easier. If you share your finances with an SO or similar, keep each other motivated. At the end of the year you will find yourself in a much more powerful position when it comes to your finances. Logging all my expenses made me see how much money I wasted on junk food and the sorts. + +If anyone has anything else to add please do so as I wont claim I have all the answers. I hope this post helps some of you :) + +And lastly, Happy New Year everyone! +In a poor family. Came out of school with decent grades, but not further education grades, got a job. Asked my boss recently for some support with university (rather than a raise) and he approved of it. + +He's paying for me to go to university. + +Much better than the raise I was about to ask for. +Some anecdotal observations about the state of the market, I've been tracking some properties that failed to sell at auction e.g. + +https://www.realestate.com.au/property-house-vic-brunswick-140848600 +Vendor bid at 1.25m. Relisted now as private sale for 1.32m + +https://www.realestate.com.au/property-townhouse-vic-aspendale-140563643. Originally listed for 740-780. Now listed for 935+ + +IMO the market correction still hasn't happened in many vendor's minds yet and they'll be in for a shock if they're ever forced to sell. For all the first home buyers out there, don't feel bad if you're "lowballing". Chances are, these prices are already overinflated for whatever reason. +it seems that everyone on this sub is just starting, and i would like to see someone that has been implementing this strategy for some time now just to see real life profits as opposed to forecasts. :) + +&#x200B; + +EDIT: Thank you to all the veterans that replied i keep coming back to this post and re-read! +I have recently started accumulating SCHD and so far have acquired 550 shares of SCHD and my avg cost basis is now $72.1 and I am already 5.6% down on it but I am a buyer and goal is to add another 400 shares this year. + +What’s your avg cost basis? + +Are you panic buying? Panic selling? Or doing nothing? +As a new options trader, today was very valuable experience for me. I had heard some of the "rules" from more experienced traders but didn't really grasp why they were guidelines until today. + +* Weeklies are risky because of the short time horizon. Big swings are hard to recover from. +* Closing out winners at 50% is a good idea because the longer you go, the riskier it gets that you'll have a big swing and wipe out your profits with not enough time to recover. "Letting winners run" is dangerous. +* Being delta neutral can help you hedge your portfolio so that when one side goes down the other side goes up. But you can still make money if the market stays in a certain range as long as you're relatively good at picking stock directions. + +Edit: Wow, my first ever awards. Thanks internet peeps! +Excerpting from this substack post - [https://theparlour.substack.com/p/neural-landscape-for-option-modelling](https://theparlour.substack.com/p/neural-landscape-for-option-modelling) + +Machine learning can be used to price derivatives faster. Historically, Hutchinson et al. ([1994](https://sci-hub.st/10.3386/w4718)) trained a neural network on simulated data to learn the Black-Scholes option pricing formula and more recently a number of efficient algorithms have been developed along these lines to approximate parametric pricing operators. This in turn can eliminate the calibration bottlenecks found in more realistic pricing models. + +Another way to use machine learning is to avoid the use of simplified models and to directly calibrate models using market data and the tools of machine learning to avoid overfitting. The problem with calibrating to market data is that it becomes hard to understand what is driving the price of the derivative and can be a cause of unease for regulators and risk managers. It is also true that data modelling and preprocessing might introduce a unique set of risks. + +1. Functional models: Some models rely on computationally expensive procedures like solving a partial differential equation (PDE) or performing Monte-Carlo simulations to estimate the option price, implied volatility, or hedging ratio. For these models we can use offline neural networks to approximate a pricing or hedging function through parametric simulations (Hutchinson, Lo, & Poggio, [1994](https://sci-hub.st/10.3386/w4718); Carverhill & Cheuk, [2003](https://sci-hub.st/10.2139/ssrn.480562)). +2. Hybrid models: Other models use a hybrid approach whereby they first leverage a parametric model to estimate the price and then build a data-driven model to learn the difference or residuals between the price and the parametric model estimate (Lajbcygier & Connor, [1997](https://sci-hub.st/10.1142/s0129065797000446)). +3. Solver models: A range of parametric models need to solve a PDE and neural networks having the ability to deal with high-dimensional equations are quite adept at solving PDEs (Barucci, Cherubini, & Landi, [1997](https://link.springer.com/chapter/10.1007/978-1-4757-2644-2_9); Beck, Becker, Cheridito, Jentzen, & Neufeld, [2019](https://arxiv.org/abs/1907.03452)). +4. Data-driven models: Other models disregard the parametric models in its entirety and simply use historical or synthetic data of any type to learn from an unbounded model that is free to explore new relationships (Ghaziri, Elfakhani, & Assi, [2000](https://www.researchgate.net/publication/279585687_Neural_networks_approach_to_pricing_options); Montesdeoca & Niranjan, [2016](https://sci-hub.st/10.1109/ssci.2016.7850014)). +5. Knowledge models: These models constrain a universal neural network by adding domain knowledge to the architecture to learn more realistic relationships that increases the interpretability of the model e.g., forcing monotonous relationships towards one direction by adding penalties to the loss function (Garcia & Gençay, [2000](https://sci-hub.st/10.1016/s0304-4076(99)00018-4); Nadeau, & Garcia, [2009](https://jmlr.csail.mit.edu/papers/volume10/dugas09a/dugas09a.pdf)). +6. Calibration models: These models use price or other outputs to calibrate an existing model and obtain the resulting parameters. This method also provides enhanced interpretability because the neural network model is simply used in the calibration step of existing parametric models (Andreou, Charalambous, & Martzoukos, [2010](https://sci-hub.st/10.1016/j.jbankfin.2009.08.027); Bayer, Horvath, Muguruza, Stemper, & Tomas, [2019](https://arxiv.org/abs/1908.08806)). +7. Activity models: A number of option types like American options benefits from learning an optimal stopping rule using neural networks in a reinforcement learning framework or benefits from learning a value function or a hedging strategy that benefits from temporal optimal control i.e., a model that takes evolving market frictions into account (Buehler et al., [2019](https://sci-hub.st/10.2139/ssrn.3355706)). +8. Generative models: A generative model can take any data as input and generate new data that either looks similar to the original data or use inputs that are conditioned on other attributes to generate different looking data. This generated data model’s purpose is simply to aid the performance of traditional parameter models and models (1)-(7) as a form of regularisation and interpolation (Bühler, Horvath, Lyons, Perez Arribas, & Wood, [2020](https://arxiv.org/abs/2006.14498); Ni, Szpruch, Wiese, Liao, & Xiao, [2020](https://arxiv.org/abs/2006.05421)). + +to [see the diagram](https://theparlour.substack.com/p/neural-landscape-for-option-modelling) +> - Visa is buying Plaid in a deal worth $5.3 billion — roughly double the start-up's last private valuation. +> - Plaid's API software lets start-ups connect to users' bank accounts and works with Venmo, mobile investing app Robinhood and cryptocurrency exchanges Coinbase and Gemini. + +> - Plaid says 25% of people in the United States with bank accounts have connected to the fintech company through an app. Visa and rival Mastercard were early investors in the start-up, along with the venture arms of Goldman Sachs, Citi and American Express. + +[Entire article on CNBC](https://www.cnbc.com/amp/2020/01/13/visa-to-acquire-plaid-the-fintech-powering-venmo-and-other-banking-apps-for-5point3-billion.html) +> Saying the road ahead was “very difficult,” Tesla’s CEO Elon Musk said Friday that the company would be cutting its staff by about 7 percent.... +> +> Musk said Tesla hopes to post a “tiny profit” in the current quarter but a 30 percent expansion in its workforce last year was more than it can support. https://www.usatoday.com/story/money/cars/2019/01/18/tesla-workforce-reduction-model-3-production/2612566002/ +Thanks. + +Edit 1: Yeh, I do agree that there is definitely a fine balance to be struck here when it comes down to - when do I treat myself? +I strongly agree withsome suggestions where you split it and save x percent and spend x percent, if you do struggle getting no present use with the money, or you just wanna buy some cool stuff - but I strongly suggest it's stuff that you really want or need. +There is nothing worse than spending for the hell of it. +I've been digging around and trying to decide how i should allocate my ~$6k/year for my Roth IRA. + +I want to be moderately aggressive with dividends, since gains are tax-free, but i also want to see about a bit of growth potential too. My focus is on dividends, though. + +What are some of your favorite stocks that might fit the criteria? + +Edit: To clarify, I'm investing in stocks with an average yield of 3.5% or higher. For example: + +IBM, EXG, O, DX, GOOD, HRZN, and others. + + +Edit 2: I just came across this on the r/dividends sub-r, and it's amazing info. This is helping me plan out the solution to my own question:. + https://www.reddit.com/r/dividends/comments/nq19ob/updated_dividend_champions_list_available/?utm_medium=android_app&utm_source=share +Since joining this subreddit, I have seen nonstop, SCHD, VTI, and VOO, to name a few ETFs. I personally do not invest in any of these, but may I ask why this subreddit only talks about these ETFs rather than stocks like MCD, O, or T that pay consistent dividends as well as are great companies? Do any of you invest in stocks other than SCHD or VTI or VOO? +Title says it all. I'm currently working as a legal assistant at a small legal services company for $15/ho. I've essentially plateaued there and have been searching for new positions elsewhere. I'm currently in-line for a job making $20/ho at a loan company, but there's no guarantee that I got it. Even if I do, It's only one small step forward. + +Cost of living here is very high, and as such, I'm still living at home. I save about $1,000 to $1,500 a month, and currently have $10,500 in the bank. My goal is to be able to save enough for a down payment on a home within the next 2-3 years. I have excellent credit, with a current score of 788. + +I have several paths from here I can take. Military and law enforcement are constants, but both have pretty big negatives. Military would remove me from my home and my family, and law enforcement is difficult to get into, especially with five traffic tickets on my record in the last few years. + +Going back to school is another big step I want to take, but there are so many options, with so few ways to know which will pay off the best. I have a BA in English from the Cal State University program, which is largely useless, and it's preventing me from being able to go back into a Bachelor's program. As such, I would need to either get into a trade school or an AA program. I've considered paralegal, computer science, and business, while leaning pretty heavily towards computer science. + +I also intend to start making use of Khan Academy and other free resources to build a knowledge database for business and programming, but have no idea how applicable my accomplishments with those programs will be for getting a job. + +Please offer me any advice, big or small. I welcome all of it. Feeling like I've wasted my life up to now and have no idea where to go. +It's of course between several accounts and envelopes, but I'm super excited to hit my first $1000. At 35 years old, this will be the first time I'll have that much money in an account that isn't going somewhere immediately after it hits my accounts. +So, last eid (Muslim celebration), I received 20 GBP. I decided to invest it in order to help save more money to the end goal of 60 GBP (I am saving to buy MW 2019). I bought shares in AMD PLC (Not because my PC is full of AMD stuff, but because more people would buy components during the lockdown period as they would have little to do, and would maybe take up PC gaming. Also, people would need new workstations for working at home.) At first, I thought it was a faliure, as AMD shares went on a small downwards trend. But, over the last month, AMD shares increased by 25%. I have now made a profit of 25%, with £25 in stow (£20 original amount + £5 earned) (My dad is acting as a buyer on my behalf, he is investing larger amounts of his own money for long-term investments). This was my first time EVER buying shares, and it has worked out quite well for me. Just wanted to share this with you guys. +Ethereum has a larger market cap than these: + +- Visa +- JPMorgan +- Alibaba +- Bank of America +- MasterCard +- Disney +- Nike +- Netflix +- Coca-Cola +- McDonalds +- Platinum +- And more…. + +Probably nothing. +I’ve seen a lot of discussion happening over how all these hedgies are going to be able to buy back all the shares they have shorted. So let’s break this down to simple terms if we can. ELIA + +(Please interject any criticism you may have of this explanation and I’ll do my best to edit, I am a smooth brained ape and could use some help to clarify this even for myself from some wrinkled apes. This is an explanation of how I’m viewing the scenario) + +First, it is important to realize that once the hedge funds are MARGIN CALLED, they are no longer in control of the situation. All buyback is handed over to their clearing houses that handle balancing the books to cover all their losses. The HFs that are short will have to buy back all the shorted stocks they have done, until the correct amount of shares in circulation are really on the market. + +Let’s break this down as a formula. (I’m not going to assume any SI% or use real numbers in this because enough DD has been done on it to begin with) + +A (the amount of shares that are currently in circulation held by instituations, insiders, and retail and all other entities, along with all shorted stocks, including the naked shorted shares) -(subtracted by) B (the number of shares that should be in existence) = C (the number of shares that will have to be bought back to rectify the number to what it should be) + +A-B=C + +The hedge funds will have to purchase an amount of C shares to clear their debt. And their clearing house will do that for them. They are not able to do anything crafty and turn 1 purchased share into purchasing 10. They have to purchase 1:1 what they owe. + +A key to business is that for every buyer, there needs to be a seller. They have to buy back what is on the market for sale. If there are none, then they just keep raising the price until there are some put up. If retail investors (I’m not going to assume the amount that retail currently owns) do own more than what the float is AND collectively choose not to sell to the hedge funds, does this mean that retail sets the price? + +Well no. Anyone saying that they have to buy back all of our shares is not accurate. They have to purchase the amount of shares necessary to get back to the original amount. But the more shares held and not sold during this going up will make the price increase with less “stops” along the way. We also have to account for the fact that the amount of shares held now will not be the same as during the MOASS. People will be jumping on board as this is going up, including institutions. If they choose to sell their shares to get immediate tendies, this will count toward the balance of shares owed by the evil hedge funds. + +Does this mean that some 🦍 will be bag holders? + +No, rest assured you will have an opportunity to get your tendies apes. Some key things to remember about this are as follows: + +1. Their continuous purchasing of the stock will make this price go up continuously as well. The upward pressure on this thing will cause jumps in prices of which the stock market has never seen. + +2. If the SI is anywhere close to what some of the DD is mentioning (could be 200%, could be goddamn 5000%. We don’t know because they’ve been able to hide it with deep ITM calls) then this is going to take a looooooooooooonnnnnnnngggg time to unravel. They will be buying back shares multiple times over. This is not going to be reconciled in a matter of hours. You will have time to get to your moon that you choose. + +3. FULL DISCLOSURE, I’m putting an edit here to clear up any misunderstandings about the price drop. When the purchasing is done, and they’ve finally balanced the books, this is STILL going to take a while to come back down to earth. The price of the stock will hover for quite a while and it will not plummet from 10,000,000 to 100 in seconds. Do not be afraid that you won’t win this. You will get tendies. As long as there is buying pressure, you will be able to sell. Remember though that to sell your stock, your broker needs to have a buyer at a certain price. A seller always needs a buyer as pointed out below by u/MrFrozenMan So if there are no buyers, you may have to wait on option 4. + +4. Even with the purchase price currently, you will get tendies. This announcement of what they’re going to do at the annual shareholders meeting is excellent news. Ryan Cohen is going to transform this company into a powerhouse. It will be unstoppable, especially with the support of newly minted millionaire 🦍. The fact that they are paying top level people by profit the company makes gives them incentive and motivation to kick this into overdrive. (Something the previous board lacked) + +TL;DR: Dear apes, keep HODLing. Keep the faith. Prepare for this MOASS that is about to take place. Prepare an exit plan, prepare for life changing money. Prepare, prepare, prepare. + +Personally, I’m holding to $10,000,000. See you retards on the moon + +💎🙌🏼🚀🚀🚀🚀🚀🚀 + +This is not financial advice, do what you feel. This is just to give reassurance. I’m smooth brained. Don’t listen to me or look to me for guidance. + +Edit 1: One quick edit to start. This goes for all HFs too. Not just Citadel. As pointed out by u/TheRecycledMale +Each one will be going through this same process if they shorted GME. Remember too, all their other short positions will be exposed and if they’re going bankrupt, those will have to be covered as well. + +Edit 2: I’m going to try to reply to all I can, but this has already gotten bigger than I expected. I’m currently at work and I have to do at least A LITTLE today. + +SO CALLING ALL 🦍 +Any questions please jump in and help me out. This is why we are a COMMUNITY! To discuss and educate each other! Much appreciated! + +Edit 3: from u/roseeon_ +There will be trading halts on the way up for such large increases. This is not a time to worry! This is a safeguard that is in place for the stock market to hopefully regulate prices on normal stocks when things get crazy. This however....will be crazy....and is not normal...so expect multiple upon multiple halts with prices as the increase rapidly. Just sit back and know that 🦍 🦍🦍got your back and are holding just like you! +On March 22, RC purchased 100k GME shares. This gave him a total of 9,101,000 shares. +Now we’ll come back to this later. On June 9, 2021 Gamestop released a [424B5 Prospectus](https://www.sec.gov/Archives/edgar/data/1326380/000119312521186796/d192873d424b5.htm) for their 5 million share offering. In section 16, there is an interesting paragraph. + +*If a depository for a series of securities is at any time unwilling, unable or ineligible to continue as depository and a successor depository is not appointed by us within 90 days, we will issue individual securities of such series in exchange for the global security representing such series of securities. In addition, we may, at any time and in our sole discretion, subject to any limitations described in the applicable prospectus supplement relating to such securities, determine not to have any securities of such series represented by one or more global securities and, in such event, will issue individual securities of such series in exchange for the global security or securities representing such series of securities.* + +Gamestop announced a splividend and it was executed on July 18th (although delivered on 21st). + +Now remember that 90 days limit for removing shares from the DTCC? 90 days from July 18th is October 16th, 2022. + +Now let’s go back to the number of shares RC has : 9 1 0 1 0 0 0 If we flip the number 9101 upside down. + +It reads a date, + +#10 / 16 + +I believe this is the day the blockchain stock exchange will be unveiled. LFG +I’m a 24 year old software dev making $90,000 (which should continue to increase by a decent bit over the next few years) that wants to make the most out of my money. Originally I was just dumping excess into stocks (about $2500-3000/month) but it seems like real estate can yield better returns than simply throwing money into index funds. I want to shoot to retire in my early 50s and if I get lucky my 40s. + +My very rough plan is to do what’s mentioned above until a get to 4/5 properties, putting ~10% down for each. Making sure I keep my equity at a decent % to prevent ruin (what % would this be?). While also continuing to invest in stocks. + +I’ve paid off my student loans. + +What should I start doing now to prepare for this venture? + +Edit: I don’t care too much about living lavishly as well. + +Edit: forgot to put my credit score, 770 +I haven’t heard this term before, but just saw it in [this article](https://www.fool.com/the-ascent/personal-finance/articles/the-new-fire-financial-independence-recreational-employment/) + +I guess it’s pretty much Barista FIRE, but it’s catchy! Lately I’ve been leaning more toward something like this - work in my software engineer job until I have a solid amount of moolah invested, then do something I feel like I’d really enjoy like working in a music store or opening a dog park bar. I could transition before I actually hit my FIRE number and let my investments grow until I’m there, then retire if I want. (CoastFI?) + +Of course, employment in general maybe isn’t so “recreational” no matter what it is. I’ve seen many of you do something like this and realize it’s not fun to have a boss and a schedule again so 🤷‍♂️ + +Anyway, just thought I’d throw another term into the pile of FIRE variations. Happy Friday! +A bit of backstory - lost my wife in 2020 and sold our home in 2021 to move closer to family. The proceeds from that sale are enough to pay off the mortgage on my new home. I’m getting conflicting advise on if I should leave the funds (app $200k) in savings, pay off part of the mortgage, or pay off all the mortgage. Most of my friends say leave it in saving for better tax use. I file simple every year so having the PMI and other mortgage stuff did not help me at all for federal and the state/local yearly tax is of course rolled into my mortgage. + +I have about the same amount in my 401k, work full time and also receive a pension. I’ve been pulling the mortgage payment +$500 additional from the savings each month. + +I’d appreciate any ideas on what and why I should do! +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) 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 daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Hi all! + +I know some of these topics have been discussed before, but I wanted to open the floor for a few questions I have that I haven't quite seen a lot of feedback on. + +The tl;dr is that I've (32 y/o) been casually "dating around" for my 20s but now am finding myself \~6 months in with someone and feel like this could be "it". In the past \~2 years, I've managed to increase my liquid wealth by +$15M and haven't really been serious with anyone since this happened, so these are new conversations to navigate. (If it matters, she does well but not FAT well – think \~$100k salary) + +A few things are springing to mind: + +1. When (if ever) should I start to get into specific numbers? A lot of guidance I have seen for the newly wealthy is around "stealth wealth" / pretend like it's not real / cautionary tales about how it changes people's perception. I've been following this advice for better/worse, but obviously hiding things from a partner is not a good move long term. She currently knows that I'm doing well, but is that enough? Obviously if we were to get married/committed, I think at some point we get into specifics, so I guess I'm just not sure when that "milestone" happens. +2. Along the above, I am happy to spend money on wonderful experiences for us. I've occasionally asked that she not post specifics on social media just to avoid her friends / others getting another image of my/our situation. i.e. if we go out to michelin dining + four seasons trips every month, that feels like it starts to project an image to her friends. She is understanding but I've had trouble wording this to her because of my desire to not get into specifics (see above). + +I guess I'm realizing the common link/concern here is "image." I can control my image in my social life, but I can't (i.e. shouldn't) control her image. But her image impacts how I think others may perceive me, which is the concern here at the end of the day. + +Sorry if this is rambling. I may be overthinking it. I guess I am just a little uncomfortable and looking to hear from others who have been in this position. these are all "good problems" at the end of the day :) +One of the first things I learned about finance is that interest rates are a tool to ease inflation. + +How come the US is so much more proactive in raising interest rates despite having better inflation numbers than the UK? + +US: 4.25-4.5% IR, 7.1% YOY inflation + +UK: 3.5% IR, 10.6% YOY inflation. + +My first guess was that UK want to inflate away our debt, due to our debt to GDP being high (~80%), but it turns out the US is way higher (107%) - but maybe it's the case that being the world reserve currency changes the risk of that though. + +Any ideas? Are we just worse at managing money or is there a decent reason for the discrepancy? +I’ve been in the market for years but only passively. Bought some stocks here and there but didn’t focus too much on it. Mainly relied on savings and 401k to help with retirement. + +Now I’m in early 40s, married and with kids and house, etc. and looking to build the another source of income. + +What monthly dividends should I consider now while everything is “on sale”? So far I have QYLD and O. + +Looking to invest about $25-30k across several ETF or Stocks. + +Thanks! + +============ +UPDATE: I was considering the following... + +WPC, SLG, ALX +Before we get started make sure you check back tomorrow for another story time! + +After yesterday’s $Bingus [post](https://www.reddit.com/r/CryptoMoonShots/comments/mnjg5r/the_genesis_of_bingus_charity_token/?utm_source=share&amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;utm_name=iossmf) we saw a huge uptake in price, market cap, and community members. At the time of this post the current market cap is $5.5M. We can’t thank you all enough! We got 450+ upvotes and such a heartwarming response from everyone here at r/CryptoMoonShots, it’s clear we have a lot of fellow animal lovers here! The best news of all is that people have recognised the determination of this project, and the price has remained steady, showing that people share our long-term goals. We will grow together and reach higher highs. + +There’s no need for us to make a hard sell or a major promotion today. Instead we want to reflect on all the progress we’ve made. Please send your thanks and love to the devs and the core team who have been working 24/7 for $Bingus. And don’t forget to thank yourself and the Moonshots community for supporting us. + +All this amazing progress means the charity pot has grown a substantial amount. The devs are making sure our third donation will be sent out soon, to be followed shortly by many more. There’s plans to have community input on the charities that will receive the donations. + +As we have not been listed anywhere yet this means we will still make huge gains from the attention that will get us. You’re really not too late to join us and to become part of real change. We’re only on day 8 and the best is yet to come! + +Unlike another coin you may be familiar with we’ve done our due diligence in regards to copyright etc. The $Bingus token and project is applying for trademarks so there will be no worries about any legal issues, as well as there being no existing trademarks on Bingus. + +So once again thank you to *everyone*. Be sure to check out yesterday’s [post](https://www.reddit.com/r/CryptoMoonShots/comments/mnjg5r/the_genesis_of_bingus_charity_token/?utm_source=share&amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;utm_name=iossmf). + +A quick word on the tokenomics, taken from yesterday’s post: + +There’s a 3% fee on pancakeswap. 1/3 goes to the charity pot, 1/3 to holders, and 1/3 gets burned. This helps out critters, raises the price, and gives back to all you lovely holders! It’s **win-win-win!** + +**Here’s some links and resources:** + +If you want to buy Bingus tokens you can trade on pancakeswap by clicking [here](https://exchange.pancakeswap.finance/#/swap?outputCurrency=BNB&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;inputCurrency=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8). + +Charts are available [here](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8). + +You can also place a Buy Limit Order [here](http://bogged.finance/trade) + +The shiny new website [bingus.finance](https://bingus.finance/) + +Our [Telegram](https://t.me/bingustoken2official) (we just reached 1k members) + +Our [Discord](https://discord.com/invite/qKdZdd558F) + +r/abingus for all your memes and Reddit fun + +A Bingus giveaway is live on Twitter [@BingusToken](https://twitter.com/bingustoken/status/1380542296219811846?s=28) + +We also have a community competition to design our logo. You can find out more details on our social media! + +[Charity Donation 1](https://imgur.com/a/Evvmvah) **Forgotten Animals Rescue** + +[Charity Donation 2](https://imgur.com/GjMOBt5) **Wright-Way Animal Rescue** + + +**THANK YOU ALL** +================= +Before we get started make sure you check back tomorrow for another story time! + +After yesterday’s $Bingus [post](https://www.reddit.com/r/CryptoMoonShots/comments/mnjg5r/the_genesis_of_bingus_charity_token/?utm_source=share&amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;utm_name=iossmf) we saw a huge uptake in price, market cap, and community members. At the time of this post the current market cap is $5.5M. We can’t thank you all enough! We got 450+ upvotes and such a heartwarming response from everyone here at r/CryptoMoonShots, it’s clear we have a lot of fellow animal lovers here! The best news of all is that people have recognised the determination of this project, and the price has remained steady, showing that people share our long-term goals. We will grow together and reach higher highs. + +There’s no need for us to make a hard sell or a major promotion today. Instead we want to reflect on all the progress we’ve made. Please send your thanks and love to the devs and the core team who have been working 24/7 for $Bingus. And don’t forget to thank yourself and the Moonshots community for supporting us. + +All this amazing progress means the charity pot has grown a substantial amount. The devs are making sure our third donation will be sent out soon, to be followed shortly by many more. There’s plans to have community input on the charities that will receive the donations. + +As we have not been listed anywhere yet this means we will still make huge gains from the attention that will get us. You’re really not too late to join us and to become part of real change. We’re only on day 8 and the best is yet to come! + +Unlike another coin you may be familiar with we’ve done our due diligence in regards to copyright etc. The $Bingus token and project is applying for trademarks so there will be no worries about any legal issues, as well as there being no existing trademarks on Bingus. + +So once again thank you to *everyone*. Be sure to check out yesterday’s [post](https://www.reddit.com/r/CryptoMoonShots/comments/mnjg5r/the_genesis_of_bingus_charity_token/?utm_source=share&amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;utm_name=iossmf). + +A quick word on the tokenomics, taken from yesterday’s post: + +There’s a 3% fee on pancakeswap. 1/3 goes to the charity pot, 1/3 to holders, and 1/3 gets burned. This helps out critters, raises the price, and gives back to all you lovely holders! It’s **win-win-win!** + +**Here’s some links and resources:** + +If you want to buy Bingus tokens you can trade on pancakeswap by clicking [here](https://exchange.pancakeswap.finance/#/swap?outputCurrency=BNB&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;inputCurrency=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8). + +Charts are available [here](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8). + +You can also place a Buy Limit Order [here](http://bogged.finance/trade) + +The shiny new website [bingus.finance](https://bingus.finance/) + +Our [Telegram](https://t.me/bingustoken2official) (we just reached 1k members) + +Our [Discord](https://discord.com/invite/qKdZdd558F) + +r/abingus for all your memes and Reddit fun + +A Bingus giveaway is live on Twitter [@BingusToken](https://twitter.com/bingustoken/status/1380542296219811846?s=28) + +We also have a community competition to design our logo. You can find out more details on our social media! + +[Charity Donation 1](https://imgur.com/a/Evvmvah) **Forgotten Animals Rescue** + +[Charity Donation 2](https://imgur.com/GjMOBt5) **Wright-Way Animal Rescue** + + +**THANK YOU ALL** +================= +For me, answering that is easy. I wish I had known the power of holding when I first got into crypto. I was too wrapped up in the FOMO and quick money that I sold a lot of coins too soon and lost more money than necessary. In my 7-yr journey, I’ve learned quite a bit but this tops all those lessons every time. I also wish I got in earlier when I first learned about it and had the chance to. How about you? + + +I am full stack software developer who is involved in blockchain technologies for over 2 years now. I am competent in C++, C#, Java, Javascript and Python programming languages. + +This article consists of comparison of two platforms from developers point of view. I will evaluate points which are important for a programmer working on dApps development. The first project is well-known with and boasts a billion dollars market capitalization while the second one is a hidden gem which have been labeled as scam on a number of occasions, but shows good potential for future development at the moment. + +&#x200B; + +|| EOS | Credits | +|:-|:-|:-| +| Programming language|C, C++, Rust|C++, C#, Java| +|Consensus protocol|Delegated Proof of Stake (DPOS)|Delegated Proof of Stake (DPOS) & BFT (Byzantine Fault Tolerance)| +|Network capacity|10 thousand transactions per second|Over 1 million transactions per second| +|Transaction fee |Free|From 0.001 USD| +|Block interval |0.5 seconds |0.2 seconds | + +&#x200B; + +* Smart contracts on EOS are written in C++. It is Turing complete, but quite complicated programming language. Credits developers need to use Java to create a smart contract. It is the most widespread programming language in the world and also Turing complete. +* On Credits platform developers will have opportunity to create decentralized applications operating with the objects in real time mode. Discreteness of the smart contract code execution is minimized due to instantaneous block formation time (5 blocks per second); +* EOS has one of the developers community and the most active github thread. They have already released Mainnet which offers full platform functionality and have swapped Ethereum based ERC20 tokens. Unfortunately, there is a lot of FUD about the level of decentralization and security of the platform. +* Credits has not released Mainnet yet, but current software version - Testnet 2.2 has the functionality of a final release. Credits platform offers advanced smart contracts features - cycles and schedules allow to execute smart contracts according to a predetermined schedule at the defined time. + +What conclusion can we make from this article? EOS is a great platform and has already finalized their technology, there are lot of opportunities for developers to create dApps and services, but lots of areas were not covered and it's hard to say if they will be covered in the future. Credits technology seems to be pretty interesting for developers and companies and can help solve majority of current problems of blockchain technology, but they don’t have final release, awareness is low and lot of things need to be done. +OK, so I pulled the trigger and retired to Cambodia. +Almost lean FIRE but i'm rich over here. + +$330 000 CAD in high dividend ETF's = $1200 CAD per month +$28 000 CAD in LRSP = returns reinvested +$75 000 USD rental house in Cambodia = $400 USD per month +$75 000 USD home in Cambodia = -$125 USD per month (water, power, WIFI, cable) +$10 000 USD emergency fund = $0 a month + +So we have about $40 give or take to spend a day over here, which is hard to spend. Beer is 40 cents a can, I just had Pad Thai at a restaurant for $2. Let's just say it's very cheap. We want to put a little coffee shop on the ground floor of our house so we can "barista FIRE" but it's more just for fun to give my wife somewhere to hang with her friends. + +Cambodia uses the USD which sucked when buying our place but whatever. My cell phone plan 4g unlimited is $8 a month. I was paying $120 in Canada. + +Always saved a bit back in Canada but mostly I felt like Canada was becoming very expensive for the quality of life achieved. So I sold my house and moved. There is something inherently pleasing about swimming in the ocean every day, eating truly fresh meat and veggies, and getting a full body massage daily. + + + +Good bye Calgary. + +Shoot me any questions. + + + + + + + + + +All, + +[First of all I encourage you to give this a quick read](https://www.reddit.com/r/Superstonk/comments/rtn7vz/my_theory_on_the_nft_marketplace/) for a theory I put together on some real world applications for NFTs that are currently already in the works and will soon be adopted by many different large retail brands (starting with the limited luxury market and expanding from there). Once you start to realize the real potential of NFTs for real world use you see why it's unlikely that GameStop is just making another jpeg gallery. They will do that and more. Much more. + +There is a lot of speculation as well as corresponding evidence to support the possibility of GameStop forming a partnership or some other type of relationship with Loopring. This is fairly well known at this point by just about everyone following this saga. Loopring provides massive cost reduction and scalability on Etherium L2 using their zkRollup technology which essentially bundles up many transactions into a single transaction, thereby dividing the gas fee up between all of those individual transactions. This drastically lowers gas fees and brings affordability and practicality to many advanced features possible on the Etherium blockchain. + +This gets more interesting when you read the WSJ article that says GameStop "is close to signing partnerships with two crypto companies to share technology and co-invest in the development of games that use blockchain and NFT technology, as well as other NFT-related projects." + +So what's the second company? + +I was reading some SuperStonk threads today and came across [this thread](https://www.reddit.com/r/Superstonk/comments/s01ql4/possible_meaning_to_it_takes_money_to_buy_whiskey/) which I though deserved it's own post. + +[Which brought me to WiseKey's Website](https://www.wisekey.com/) + +When I looked into their website I noticed they had a section on their front page about the first ever NFT secured watch by the luxury brand Hublot. Hublot makes some very expensive and very limited quantity watches, some of which are counterfeited by some fairly advanced Chinese factories that aim to profit off of Hublos brand name and designs. Often times, these counterfeits will be purchased from China and sold as if it were a real watch to rip off unknowing buyers here in the US (and likely other countries). Sound anything like what I was speculating this NFT marketplace could be used for in my post above? WiseKey uses NFTs to verify the legitimacy of real world items. You think GameStop might have some interest in this for their marketplace? [Now give this video from that page a watch](https://www.youtube.com/watch?v=oiEL3TO0QIo) + +So I kept digging and discovered that WiseKey also actually has their own NFT marketplace as well: + +https://platform.wise.art/ + +Seems like a pretty nice package that might make a lot of sense as an acquisition by a larger company that is currently building out their own marketplace, doesn't it? A company that already has their own secure NFT marketplace, that has experience using NFTs to verify and secure real world items? Hmmmmm. + +Then you look at Ryan Cohens tweet. "It takes money to buy Whiskey". Could he have been referencing a potential acquisition of WiseKey???? + +I need all your help looking further into this. I could just be wildly speculating or there could really be something here. +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. +I’m selling the final shares I hold in my biz and will have around 600k in cash. Registered plans are topped up for the wife and I. + +I suspect I’ll largely live off a the cash for say 10 years or so for tax reasons, but it still has to be invested. My wife wants to go ultra conservative, but I hate the idea of leaving money on the table. + +What routes would you suggest to protect the capital and still earn a little something that’ll outpace inflation? +A huge section of people got the Ujjivan SFB IPO at Rs 35 whereas the remaining ones didn't even get it at cut off price.The above case left me intrigued since I didn't get 400 at 37rs and a friend of mine got 600+ at 35.So the deal was to own Ujjivan Shares to be eligible in a separate category altogether. +So here's a list of Parent companies you might wish to hold atleast 1share of by upcoming year to try a better luck at their subsidiary IPOs: + *Upcoming IPOs List:* + +*1. SBI Card* - Parent - SBI + +*2. HDB Finance* - Parent - HDFC Bank + +*3. Equitas Small Finance Bank* - Parent - Equitas + +*4. Kotak AMC* - Parent - kotak + +*5. PNB MetLife* - Parent - PNB + +*6. Reliance Retail* - Parent - Reliance + +*7. Reliance Jio* - Parent - Reliance + +*8 . UTI AMC* - Parent - SBI + +*9 . ICICI AMC* - Parent - ICICI + +*10. Axis AMC* - Parent - Axis Bank + +Edit 1-05/02/2020 +Hope it helped you guys in getting your SBI Card IPO +Following is the allotted criteria for shareholders. + +Share holder quota was +Subscribed 25.00xx +So allotment as per proportionate ratio +Would be as follows +19 shares would be alloted to +1 out of 25 in (14345) +2 out of 25 in (28790) +3 out of 25 in (43035) +6 out of 25 in (86070) +13 out of 25 in(186435) +If any rejection in share holder quota propionate ratio would change.. +DFVs calls expire on the 16th. His tweet could have been refering to that, and that only. The expiration of these doesn't mean anything in regards to a squeeze, or anything else that matters in regards to the bigger picture of the GME situation. + +Remember what happens when people get too hyped about dates. Remember 'quadruple witching day' where nothing happened. + +Remember they can still tank this thing. If they're in trouble, they'll throw everything and the kitchen sink at it in the hopes they can put you off, and get out. + +Thought it worth mentioning incase people forgot. The hype is just seeming a bit sus right now. +It’s funny to see how human psychology works. I know there are too much panic in the market right now and you don’t want to risk your funds but if you are in for long term you would kill for this price. +Hi Everyone, I would like your honest opinion on my investment strategy. I invest in 4 ETFs monthly, SPY, VOO, DIA, VTI. I buy approx. 0.1 share of each ETF every month. + +I am a PhD student and use a portion of stipend to invest. I am investing for the long term. +How people here can still think investing in company like Tesla is still worth it? I know that tech is not so easy to evaluate but p/e around 4000!? Are you guys crazy or something? I'm new in investing. Doing a lot of reading and current situation here and on a lot of similar forums is looking like 2008 or bitcoin. "It can never fall, there will be only profit". A lot of people that don't understand tech and a lot of people that think past profit == future profit. Maybe I'm missing something but to me it looks like typical bubble situation. +Recent college graduate: My salary is 40k and I am planning on to move out. How much rent can I afford? I live in Michigan which has a low cost of living. I have about 25k in student debts. +It’s absolutely massive. + + + +Prime Minister Scott Morrison has announced a $130 billion package to support the wages of up to 6 million Australian throughout the coronavirus crisis. + +The “jobkeeper” subsidy will be worth $1500 a fortnight. + +“We will pay employers to pay their employees,” he said. “Our government has made a decision today that no government has made before. + +Mr Morrison said the wage subsidy package was an "economic lifeline". + +https://www.smh.com.au/national/coronavirus-updates-live-scott-morrison-upgrades-social-distancing-restrictions-as-australia-s-covid-19-infection-rate-falls-20200329-p54f3b.html + +Factsheet here + +https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet_Info_for_Employees_0.pdf +**HOLY MOLY!! ComputerShare accounts are growing exponentially!!** + +**Highest Score (so far):** Current CS MOASS-a-Meter winner is u/damn_u_scuba_steve with account number 254,XXX (date Sept. 20) + +Low Score: 32,XXX (Jan 31 - also the oldest) [u/Sisyphus-Syphilis](https://www.reddit.com/u/Sisyphus-Syphilis/) + +&#x200B; + +[WEN MOON? MOON SOON! Update 7:30 PM EST](https://preview.redd.it/2ubgw1dg8cp71.png?width=779&format=png&auto=webp&s=1c84a425e24913dfbec5847392593530fa9f37cf) + +Data is based on my earlier post (please keep commenting): + +[https://www.reddit.com/r/Superstonk/comments/ptyizl/can\_we\_use\_cs\_account\_numbers\_to\_estimate\_how/](https://www.reddit.com/r/Superstonk/comments/ptyizl/can_we_use_cs_account_numbers_to_estimate_how/) + +Apes please continue to comment or DM with your data (first 2 digits of account number only)! + +There is only one outlier (see that sharp drop with account number 122,000), but it's likely because they purchased directly from CS and got an account number several days before the purchase date - so that date is off. + +I can personally confirm these account numbers are specific to GME since we also have shares of another stock on CS and the account number for that is in the millions. + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +**Get ready to GET YOUR TITS JACKED with some MAFFFS** + +Highest account number reported (so far) = 25X,XXX (purchase date Sept. 22) + +This means 250K CS accounts have been opened holding GME! + +If we subtract 40K accounts (because the earliest ape to comment had an account number of around 40K on July 26), that means (250K - 40K) 210K ape and apette accounts on CS just in the last 2 months!! + +Since it takes anywhere from 3 - 10 business days for a purchase to go through and for you to get access to your account number, this number is probably a week behind and we are seeing exponential growth in that chart. + +&#x200B; + +**How much of the float do apes currently own on CS?** + +Based on a float of 35M available to retail (please correct me if float is wrong), we get the following numbers: + +Conservative estimate of 10 shares / account = 210K \* 10 = 2.1M + +Realistic(?) estimate of 50 shares / account = 210K \* 50 = 10.5M (this is 1/3 of the way there) + +&#x200B; + +**What CS account number will be the winner of the MOASS jackpot?** + +Conservative estimate (10 shares/account): CS account number 3,500,000 will be the winner + +Realistic estimate (50 shares/account): CS account number 700,000 WILL BE THE WINNER!!!! (we are already 1/3 of the way there) + +KEEP SUBMITTING YOUR LOTTERY TICKETS APES - it's just a matter of time! + +&#x200B; + +\*\*\*\*\*\*\* + +Edit 1: Clarifying a few points + +1. **These are all GME accounts** (not popcorn or any other stock accounts). I'm waiting to confirm this with CS, but we also hold stock in another company and the account number for that is in the millions (fortune 500 company). Other apes have DMd me the same thing and see [this comment](https://www.reddit.com/r/Superstonk/comments/pu40ur/comment/he1b3pm/?utm_source=share&utm_medium=web2x&context=3) explaining why the data supports this. +2. **254K is the minimum number of ACCOUNTS, not apes**. It's possible for one ape to have more than one account, as several apes have confirmed. In fact, this all started because superstar ape [u/iamthinksnow](https://www.reddit.com/u/iamthinksnow/) posted his/her 3 different accounts showing increasing account numbers. +3. **There's no way to know how many shares are in each account.** But, I'm planning on updating the highest account number daily, and providing some tables. This is information that we all have and can share, and there's no reason not to (there's no sensitive data and positions rule isn't violated). It can be used to calculate some very conservative numbers on how many shares are in CS and how many apes have transferred. Each account has at least 1 share, and I still stand by my earlier statement that 10 shares per account is a conservative estimate. +4. **This number is several days behind.** Between 9/21 - 9/22, apes have indicated account numbers ranging from 220K - 250K and most started the transfer days before. That means 30K new accounts were created in just a few days (no way to know exactly what day the account was created). +5. **Keep the numbers coming!** I will continue to update data if apes keep DMing or commenting on this or the [original post](https://www.reddit.com/r/Superstonk/comments/ptyizl/can_we_use_cs_account_numbers_to_estimate_how/). I'll update the high score daily as the migration continues - but it all depends on you to keep the numbers coming! + +\*\*\*\*\*\*\* + +**TLDR:** The data most likely confirms that CS account numbers have been assigned sequentially. In the last 2 months, apes have opened AT LEAST 210K accounts in CS. Estimating 50 shares in each account, we are already 1/3 of the way to owning the float on CS!!!! Keep submitting your CS account numbers (first 2 digits ONLY). +Looks like Robinhood sold out. According to this they will no longer show how many users are holding a stock and will be restricting access to the API. Looks like no more tracking for Robintrack...RIP + +How do you guys think this will affect the "meme stocks" we've seen massive runs in recently? I'm wondering if we will see these types of idiotic squeezes slow down. + +Source: https://twitter.com/Kr00ney/status/1291873556683534342 +Here is the tl;dr paragraph: + +*Polygon and Hermez announced a merger over the weekend, the first of its kind in the industry. It hit me like lightning, because the 13 members of Polygon were already a rockstar group amongst the industry's best, but adding Hermez's 24 members...well, they now form a DevOps team which is the most talented in the crypto-asset world, probably by far. So as an Ethereum bull, I decided to force myself to steel man my own beliefs about Ether, and write a post on why Ether has to change or risk oblivion. It didn't feel good or natural. My apologies. Read at your own risk.* + + +With Polygon's Hermez merger and a zkEVM inbound, what purpose does Layer 1 serve other than transaction finality and redundant security communication? Only a fool uses Layer 1 for anything other than staking ETH. It's too expensive, too slow, and all the newest and desirable stuff has built atop Polygon, because it just doesn't work on Layer 1, wether that's gaming or complex NFT's. All the legacy Dapps are migrating (or plan on migrating) to L2 as well. + +DeFi has a learning curve accompanied by far too much friction for the masses to use yet. That means anyone that knows how to use L1 DeFi now, doesn't need help climbing up to L2's Valhalla, in a matter of minutes. And that's what we've been seeing happen steadily since the spring. + +Will the ETH 2.0 merge help? No. Throughput will still be crap until sharding, and although fees will be lower, they'll still be too high compared to competition, and the elephant in the room that everyone's ignored will finally get recognized: GOVERNANCE. This last bit is going to be a political quagmire that sees future EIP's and innovation take serious time for implementation. Meanwhile L2 and unrelated projects will busy at light-speed, checking-off roadmap markers in record time. + +What Layer 1's native coin Ether needs, is to become the protocol's Bitcoin. It needs to become an excellent store of value, a gas token, and passive income generator simultaneously. Thankfully EIP-1559 took us a step in the right direction, but it's still not enough. If Ether focuses on this, it can ground the EVM in times of global economic inflation, volatility, and speculation. Then it can give on to L2 seamlessly in a global deflationary environment (these often coincide with credit crunches) which can set DeFi on fire, as speculation turns to low-risk high-return yield. + +Issuance of Ether must get cut to where it's far less than what's being burnt, ie true deflation. Currently we're burning about 27% of the daily issuance. The problem is this: L1 activity might decline significantly in the next year as other projects raise ecosystems and Polygon continues syphoning L1 users. This could mean that issuance is roughly equal to what's burnt. That's not good enough in this competitive environment. And speaking of EIP-1559, Polygon will implement their own version of it this fall. Their version will see the burnt base fee of MATIC get sent to the protocol's treasury, where it will be community governed and used for more acquisitions, for hacking bounties, development, distributions, partnerships, etcetera, making certain Polygon will never be completed, its imagination always financed. + +I authored a post a few weeks back talking about not buying ETH anymore + +https://www.reddit.com/r/ethtrader/comments/oiikcd/i_wont_be_buying_eth_again_my_investment_thesis/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +and instead suggested buying, staking, and stacking tokens from the EVM's top projects: + + - MATIC + - LINK + - AAVE + - SNX + - UNI + - etcetera... + +Because these projects thrive on all levels, and with coming interoperability bridges, they'll spiderweb themselves into many different projects. DO NOT be surprised to see these same Dapps begin to form the backbone of DeFi not just in the EVM, but across the crypto-asset space. Then there's composability, I won't get into that here, but it's a tenet of Web 3.0 + +My point is that Polygon does what L1 only wishes it could. And unlike other bullshit blockchains without ecosystems yet, it already has the users, talent, trust, Dapps, partnerships, and ambitious roadmap. Now with ZK-rollups (the holy grail of crypto) going commercial maybe late next year, Ether has to change, or I see no reason for it to trade above $1000. Nobody I know uses L1 for anything anymore. And as I hinted at above, community governance is going to wreck havoc on L1 after the full 2.0 merge—an achilles heel nobody's bothered talking about. + +Polygon on the other hand I've placed an enormous price target of $40-$60 on in the next two years, which will put its market cap still below *Bank of America* or *Mastercard*. Is that unreasonable? Not with an exploding TVL, a holy grail, and exponential user growth making up the progressive half of the Byzantine Empire. 🤷‍♂️ Change my mind. + + +*Postscript:* + +*25% of my crypto portfolio is still ETH, and that won't change.* +Myself and many others in the daily chat are very confused about CS being pushed so suddenly. Attempts to ask questions are downvoted, and responses are mostly just other people with the same questions. Remember how we all agreed that urgent calls to actions, basically anything other than buy + HODL, are likely FUD or scams? Well myself and many others are attempting to figure out for ourselves what the fuck all this CS hype is about. + +Here is the CS DRS thesis: the DRS process with CS will catalyze the MOASS. The catalyst occurs because only real shares can be registered directly. I think pretty much all apes understand this thesis perfectly fine. We understand what it means to be a beneficiary or a direct owner. We aren’t looking for explanations of the thesis, we are looking for confirmation. A source. + +1. We can all easily understand the concept of direct registering — you have your name on some books as the direct owner of share, as opposed to e.g Cede and Co. Fine. But how do we verify for ourselves that a direct registration will actually remove shares from pool available to the DTCC? How can I confirm it will do anything to the shorts at all? I’ve been unable so far to find an actual first-hand source about this. Links appreciated, but all links I’ve seen so far have no sources for this point. + +2. Dr. T said sone positive things about direct registering. Okay sure, but she didn’t actually confirm or provide a source as to how this affects the DTCC. Honestly she hadn’t really explained anything about how it would start the MOASS at all. + +3. The point of HODL is to crush the shorts who have manipulated the market and sell shares during MOASS. A direct registration adds in latency of when you can sell. So without any confirmation about how direct registration negatively affects shorts, it seems like kind of a bad deal beyond simply diversifying brokers. + +4. All the DD I’ve read so far about CS is low quality. They don’t explain, with sources, how they know it can start the MOASS, how they know it can be a catalyst, or anything really. These critical points are merely asserted without any way for an individual to validate their correctness by checking sources. + +5. Yes GameStop uses CS for some services, but that doesn’t validate the catalyst thesis by DRS with CS. + +6. Pushing CS DRS without properly explaining answers to these concerns is super sus. Calls to action are sus. Hype fads like these are sus. If DRS with CS is the real deal I would expect high quality DD to be readily available… But I haven’t really seen it yet. So go ahead and link me your best DD so we can confirm for ourselves if this whole thing is worth the hype. + +7. Let us assume that CS DRS will create a bonafide share under the books at CS. We don’t know if this actually removes a “real share” from the DTCC. We’re talking about criminals here printing supply. The real and fake shares likely completely indistinguishable. Now imagine we register the float at CS. So what? Remember the float on the market is huge, and dwarfs the 75.9 million total outstanding shares. It’s like a drop in the bucket compared to all the fuckery going on. It’s a bit silly to think the magnitude of DRS shares relative to an infinite supply printer will matter in terms of supply/demand ratio. Sure, there may be some recourse as proof of fuckery will exist, but beyond shedding light I don’t see any *mechanism* we can understand and verify through a citation that DRS harms the shorts. + +And finally, check my post history. I’m an actual contributor to this sub and have been around the block a few times. If I’m still asking these questions, then many other apes are as well. Downvoting or responding with sarcasm to legitimate questions/concerns simply because the questions grade against the hype is unintelligent and rude. + +Edit: + +Let me put out a counter thesis. I will assume DRS is good for a couple reasons, and then provide the counter thesis. + +- DRS gives us another layer of security about having a share. Diversification of brokers can be a very good thing, especially if something dramatic happens regarding GameStop switching depositories. + +- A DRS share under the book of CS can not itself be shorted. However, this is *not nearly enough* to "fight" the supply printing. In terms of magnitude there are way more printed shares than we could possibly register at CS. We're paying real money for DRS while the criminals are creating fake supply out of thin air. That's not a fight of brute force we can possibly win. I'm bringing this up because it's touted as one of the main points to perform DRS. In practice the effect of a single DRS share will be heavily diluted by fake supply. + +Now the anti-thesis: We have no source or citation about the inner-workings of the DTCC (yet) that definitively confirms the DRS process will actually force, in a mechanical way (i.e. how the system currently works), to close a short or make a real purchase. All we know is that the DRS process names a share directly on *another* book. You have to remember that even CS is a part of this fraudulent system. We can't just assume that there's a magical catalyst mechanism somewhere in DRS. Even if we register the entire float it's highly presumptuous that CS would even publicize that information, or take any kind of action against the DTCC. + +Edit: + +Here's the closest I've found to an actual source, thanks to u/tatonkaman156: https://www.reddit.com/r/Superstonk/comments/ppafab/because_everyone_keeps_asking_why_dr_your_s/ + +It says "prevents previously cancelled certificate from circulating", so I'm not exactly sure what that means, "cancelled", or how that would affect printed shares if at all. It doesn't sound quite what we're looking for, but a positive find nonetheless. +Hi investors (in their 50s or 60s) + +Often people subscribe to (and follow) certain investment ideas in their youth, but realize late in their life that it wasn't the right strategy to take. + +What are the different lessons you've learned about personal finance, that you wish you knew when you were young, and now it is too late? +Every day I see O below 62, I keep nibbling. Problem is, I'm eventually going to run out of funds. I know I keep seeing "O is always a good buy" "You can't time the market" etc etc, but if you had a couple grand lying around for investing, would you rather buy little by little and watch the market everyday or buy 1 or 2 large chunks at prices you really like and be done with it? +You would need a rather large amount of dividend stocks to get a reasonable amount of cash from the dividends, with little growth in the stock price itself (in my very little experience) + +But I feel like I’m missing something here, people put dividend stocks (schd) in their IRAs sometimes, but if it’s not gonna grow, how would that be useful until you retire? + +Probably a noob question but, I’m generally confused +Yo Yo Yo waddup Apes!, Boner here...again, Coming at you with yet another OBV update post. Lets dive right into it shall we?🚀 + +&#x200B; + +[HODL THE LINE](https://preview.redd.it/we26nphx9h671.jpg?width=828&format=pjpg&auto=webp&s=d562f5b6c646597d7a94a0174ac13a610a273da1) + +So after many many requests I have made the post everyones been asking to see... + +Here is an overlay of the OBV and the GME chart! + +Let's take a gander at it and talk about what we're seeing! + +&#x200B; + +[180 day chart for GME\/ 180 day OBV overlay](https://preview.redd.it/yutnkl2bah671.jpg?width=828&format=pjpg&auto=webp&s=25ef9bebbc2952ea3f2321a3ec1f3b7124cbc623) + +What you have laid your eyes on is the 180 day chart for GME, The purple line you're looking at is the 180 day OBV (On balance volume) line. Now as you can see here the price of GME has fluctuated up and down drastically... or has it? Well from what the OBV tells me is that the price in theory should not have gone down at all.... according to the OBV the price has only gone up because of positive buying volume and or stayed stagnant sideways due to Diamond Hands. This tells us no one is selling and the Apes are HODLing their shares with there rock solid diamond hands. The hedge funds are manipulating the price to break lower on our chart; (more on this later). On the hedge funds charts the price of GME could be exponentially higher than what we see. Obviously this is speculation but something fishy is going on here.... + +&#x200B; + +"How could hedge funds keep the price of GME down if there is mostly positive buying volume?" + +&#x200B; + +[Vlad the stock impaler](https://preview.redd.it/52ig8y1nbh671.jpg?width=828&format=pjpg&auto=webp&s=700db55a05898ee4e8d69ca1f0d253481e7d0a3d) + +As I have said in my previous post... + +Thats because there is actually buying pressure outweighing the selling pressure or coming damn near close to being even!  + +\-There are many great DDs out there explaining how hedgies use ETFs to short gamestop. In my opinion I believe the OBV is indicating that YOU, the Diamond Handed apes are HODLING your shares and buying more that the OBV is staying up do to holding and buying pressure, and it proves that the price is indeed WRONG!  + +Hedgies are shorting gamestop through ETFs/ Dark Pools to artificially deflate the price, this keeps the price of GME down temporarily until they stop, once they stop shorting ETFs, GME begins uptrending because of buying pressure. Therebare no more shares available to short in Gamestop so they resort to shorting ETFs like Xrt which is a big one. this does not effect the volume on GME because the hedgies are shorting ETFs, not GME directly, therefore the price of GME deflates but the OBV is showing otherwise. This is only a temporary fix for the hedgies. They are FUK either way. + +This leads me to believe the price is 100% WRONG! Hedgies are trying to get Apes to paper hand and sell. And Apes are proving that it takes nothing to HOLD, and costs them everything to kick the can down the road. + +If you would like to learn more about the OBV and how it works please feel free to visit my original post + +[https://www.reddit.com/r/Superstonk/comments/o0fxnk/obv\_does\_not\_lie\_gme\_at\_217\_obv\_still\_rising\_the/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o0fxnk/obv_does_not_lie_gme_at_217_obv_still_rising_the/?utm_source=share&utm_medium=web2x&context=3) + +I hope this helps any questions you may have! + +Thank you all for taking the time to read and hope it helped! + +&#x200B; + +[Remember DIAMOND F\*CKING HANDS](https://preview.redd.it/56bcsq9tch671.jpg?width=828&format=pjpg&auto=webp&s=1d990b8238e9f29d3416ed57b121de54281d8205) + +📈As for me, I like the stock📈 + +🐻Hedies R Fuk🐻 + +🚀🦍See you on the moon Apes 🦍 🚀 + +\-Boner out✌️ + +(If i missed something or if anyone has info to add please leave it in the comments or DM me and i can add it)   + +❌Obligatory: \*not financial advice\*❌ +Been looking at ARKK top holding and tried to use basic metrics to valuate Cathie's picks. I know that she pretend that forward looking numbers should increase with time but truly, what is she really expecting from roku, zoom or even shop? For me Cathie track record shows that she has been constantly underperforming. Is Burry right to short the hell out of her? + +Tesla - p/e: 250x p/s: 19x + +teladoc - p/e: -126x p/s: 11.41 (was in the 20s in feb) + +Roku (lol)- p/e: 214x p/s: 21x + +Coin (bought close to ipo valuation, yikes)- p/e: 18.30 p/s: 13.30 + +Unity- p/e: -106x (lol) p/s: 32.53x + +Zoom (fucking lol)- p/e: 117.5x p/s: 31.22 + +SQ - p/e: 235x (lol) p/s: 8.9x + +Shop (lol) - p/e: 78x p/s: 49x + +What is your opinion? Is Cathie a genius or a fraud? + +Personally I believe she got lucky with the market reaction over tesla, she has been surfing on that hype since then, but truly time will catch up on their outrageously overvalued picks. + +&#x200B; + +&#x200B; +I see posts with people my age (\~25) on 90k+/year and at least 100k saved or getting consequential inheritances. I'm 24, from a poor family that lives overseas, so on my own, well with my partner. I'm on 65k working ridiculous hours (but love my job), 10k saved. + +Not studying, just working, spending time with partner, playing WoW, sleeping. I do want to start my own business or buy an investment property at some point but idk I feel like I'm so behind on people my age. + +I'm sure a lot of people are exaggerating on their posts or even talking shit but I'm also sure some of them are true +I'm a bit in panic mode but I've done everything I can to contact linkedin, and just want to get as much help as possible so now I'm here. + +Basically, the *only* way I was able to message a particular staffing agent I needed to contact was to start the free trial for the premium account. I should have immediately made a reminder to cancel it, but I messed up and now that mistake may end up costing me $800. Anyway, LinkedIn doesn't really take calls so I made a help post on their forum and DM'd them on twitter. + +As soon as I saw the charge I cancelled it, but I realized that made me unable to go through the normal refund button where they "review" your account, because I no longer have the premium account. And on the website it said their help is very occupied so I've done everything I can and would just like some reassurance or guidance. It seems that many others have gotten refunded in my exact situation, except for the fact I just cancelled the subscription. + +**EDIT:** I have been refunded. Messaging them on twitter did the trick. +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! + +**TL:DR - Teachers pension pots are seemingly at risk, SHFs don't want investors pulling their money out of the NYSE and the MSM still aren't doing anything to warn the public of the trouble brewing beneath the surface. MOASS soon?** + +What a crazy weekend. + +Didn't think after all the chaos and adventure we had at the end of July (and all of August), we'd be seeing posts asking for **more** proof that the DTCC committed international securities fraud but I guess there's never any harm in collecting as much concrete evidence as possible to present the facts - and thanks to the collaborative efforts of internet sleuths everywhere, we are able to accomplish just that. + +That said, be sure not to be distracted from other important conversations like [the upcoming EU vote on the CSDR rule](https://www.reddit.com/r/Superstonk/comments/wz2n2k/why_you_should_care_about_the_upcoming_eu_vote_on/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) or [SEC is allowing the OCC unlimited access to money in pension funds and insurance companies](https://www.reddit.com/r/Superstonk/comments/x56h7d/the_fox_is_guarding_the_hen_house_the_sec_is/) \- but let's get back to addressing the elephant in the room. + +**The DTCC committed international securities fraud** and no one is talking about it. + +................................................... + +^(\*\*Here's some of the assembled evidence we have - please do link more below in the comments:) + +* [^(Evidence the Stock Split dividend ISO code is DVSE, Not SPLF)](https://www.reddit.com/r/Superstonk/comments/x5eshu/everyone_keeps_asking_for_proof_of_the_fraud_by/in13pjv/?context=3) +* [^(DTCC form for GME splividend from DnB - includes reference stock split, not dividend)](https://www.reddit.com/r/Superstonk/comments/wf9mos/dtcc_form_for_gme_splividend_from_dnb/) +* [^(Here is the Securities Fraud law broken by the DTCC. Securities and Commodities Fraud 18 U.S. Code Statute 1348)](https://www.reddit.com/r/Superstonk/comments/x5sgk2/here_is_the_securities_fraud_law_broken_by_the/) + +^(In regard to clarification about the FC-02/FC-06 code, seems this has been debunked. Leaving here for visibility:) + +* [^(DD which aimed to clear up any further confusion on said allocation of code)](https://www.reddit.com/r/Superstonk/comments/whup7y/clearing_up_the_recent_misinformation_about_the/?utm_source=share&utm_medium=web2x&context=3) +* [^(DTCC instructed the transaction partner of Trade Republic with the FC-02 function code)](https://www.reddit.com/r/Superstonk/comments/x6a3mv/german_ape_here_second_try_due_to_me_forgetting/?utm_source=share&utm_medium=web2x&context=3) +* [^(Comment that debunks theory - A stock split in the form of a dividend SHOULD be FC-02.)](https://www.reddit.com/r/Superstonk/comments/x6m6za/comment/in7sk4j/?utm_source=share&utm_medium=web2x&context=3) + +[CEO Michael C. Bodson stepped down from his role on the 12th August after ten years at the DTCC, just after the GameStop Stock split. How about that for Cohenicidences? ](https://preview.redd.it/7m2sw25f0tl91.jpg?width=872&format=pjpg&auto=webp&s=fdc239852c68716e18a5cc3e0ae39ab72fdb1a35) + +In [earlier posts](https://www.reddit.com/r/Superstonk/comments/x47lgr/its_been_nearly_a_month_since_a_letter_entitled/?utm_source=share&utm_medium=web2x&context=3) I explored some potential reasons for the on-going media blackout but realise that I haven't really talked about **WHY** is it important that the mainstream media needs to report that the **DTCC committed international securities fraud** and seemingly, why the story getting out could spell trouble for the SHFs whilst protecting the general public. + +# BACK TO BASICS + +**So who are the DTCC / DTC, and what do they do:** + +* The Depository Trust and Clearing Corporation (DTCC) is a financial services company that provides clearing and settlement services for the financial markets and settles most securities transactions in the U.S. DTCC's subsidiary. +* The Depository Trust Company (DTC) provides securities movements for NSCC's net settlements, and settlement for institutional trades (which typically involve money and securities transfers). + +Basically this means that the DTC, an extended division of the DTCC corporate umbrella, have a contractual obligation (as custodians of the shares on the NYSE) to manage securities in a way that meet the expectations and demands of the companies, like GameStop. + +And here's a recap of how I understand our current situation to be: + +1. ⁠Gamestop is the victim of **naked** shorting by hedge funds, meaning more shares exist than should be legally possible. +2. ⁠Gamestop declares a four-for-one split of the Company’s Class A common stock in the form of a [stock dividend](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-four-one-stock-split) +3. ⁠There exist more shares than available dividends meaning the DTC need to make up for this somewhere or reveal the fact there they are short. +4. ⁠Everyone gets their shares / everyone is suspicious. +5. ⁠Various brokerages across Europe inform apes that they were told to issue the dividend as a stock split. +6. ⁠We were provided [again, more damming evidence of the wrongful processing procedures used.](https://www.reddit.com/r/Superstonk/comments/x5eshu/everyone_keeps_asking_for_proof_of_the_fraud_by/) + +As such, we are beginning to understand now that the DTC were unable to facilitate the distribution of the dividend as instructed by GameStop, and thus went against the companies wishes by telling brokerages to issue any outstanding shares as a stock split. **This was fraudulent.** + +# So why is this a big deal? + +Because there is no reason there should have been an issue with allocating the dividend shares, as were provided by Gamestop, to the shareholders - that is, unless the company had been victim of **naked shorting which is the** [**illegal**](https://www.investopedia.com/terms/n/nakedshorting.asp#:~:text=Naked%20shorting%20is%20the%20illegal,before%20they%20sell%20it%20short) **practice of short selling shares that have not been affirmatively determined to exist** \- so why process this as a stock-split, and not a dividend? + +Not to mention, these are some of the issues that have happened as a result of this: + +1. People didn't receive their shares when promised. +2. People had their shares removed from their accounts after the dividend-split *(I'll refer you to the German saga that took place here around the start of August).* +3. People had GME short positions opened in their \*cash\* accounts as a result of the split *(this was a* [*wild one*](https://www.reddit.com/r/Superstonk/comments/wb54hz/ibkr_have_admitted_to_opening_a_short_position_on/?utm_source=share&utm_medium=web2x&context=3)*).* + +And who knows if there are tax-related implications that could also follow? + +So given that this is something of 'red flag' already, it strikes me as odd that if those as accused had the evidence to prove their innocence or correct us on this matter - wouldn’t they have absolutely done that already? I mean, I would imagine **any** opportunity to expose this corner of the internet as the true 'cOnSpIrAcY' theorists they claim we are would be something they would bite off your hand to do. + +But alas, they haven't. + +And judging by the growing assembled evidence, it's because they can't. + +............................... + +So going on the assumption that everything we have collated together here is indeed, **correct**, let's have a look at some of the possible reasons for the on-going, and painfully deafening, radio silence: + +*\*\*and for a more in-depth coverage, there is countless great DD out there in which explore all these topics in exquisite detail.* + +# THEY DON'T WANT INVESTORS TO WITHDRAW THEIR FUNDS FROM THE NEW YORK STOCK EXCHANGE. + +Seems an obvious point to make but roll with me on this one. + +I'm only going to gloss over these points as there are far more proficient write ups out there on this subject and I would be doing them an injustice by trying to replicate it here but it seems to me that if investors get spooked and remove their money from the NYSE, well - that might just spell out trouble for anyone over-leveraged out there and any value in the collateral they hold, especially if they hold a number of open naked short positions. + +I mean if this was the case, and SHFs were in fact frightened that investors might withdraw their money from under their domain, they would probably do something about it, right? + +Like, say **Citadel setting new withdrawal terms for clients?** + +https://preview.redd.it/3aghm2fpttl91.jpg?width=686&format=pjpg&auto=webp&s=6cbdf4c1cd4d31eb1e27bf2f5727337a9f2e46a6 + +\[[source](https://www.reddit.com/r/Superstonk/comments/rabfs7/citadel_set_new_withdrawal_terms_for_clients_wut/) / [source](https://www.reddit.com/r/Superstonk/comments/raeuih/citadel_limited_investors_withdrawing_in_08_also/)\] + +According to a number of these sources, looks like Kenneth Griffin (Founder, chief executive officer, co-chief investment officer, and 80% owner of Citadel LLC) restricted clients from withdrawing investments last year (approx. 9 months ago) with these amended terms and conditions. + +Just for context, see how this compares to the previous T&Cs + +&#x200B; + +[Fees to put money in, fees for them to manage it, and fees to withdraw it. Citadel never miss an opportunity to make money.](https://preview.redd.it/uufajjz5utl91.jpg?width=960&format=pjpg&auto=webp&s=f96c6fd7592f139d2caaf3d5cf6ab065dd22acdb) + +\[[source](https://www.reddit.com/r/Superstonk/comments/raljjj/youve_seen_the_posts_about_citadel_updating_their/)\] + +And it seems that history has a way of repeating itself, because would you believe it - it's not the first time they've done this! + +Anyone else remember the crash in 2008? Seems Citadel Securities restricted investor withdrawals back then, too! + +https://preview.redd.it/jo6noz5tvtl91.png?width=722&format=png&auto=webp&s=c9eb5b2d6cd1116b10742ad999659b32924bb5a3 + +\[[source](https://www.thestreet.com/investing/funds/hedge-funds-the-road-back-10468466)\] / \[[source](https://www.reuters.com/article/citadelinvestment-idUSN1614248720090916)\] + +Anyone else noticing a pattern here? + +[Seems history really does repeat itself.](https://preview.redd.it/yd9pv14zvvl91.png?width=1764&format=png&auto=webp&s=8fb3b4ead2e72609576766cebf9b6d3c023e1cbe) + +\[[source](https://www.reddit.com/r/Superstonk/comments/nz7qzl/ken_griffin_talks_about_how_they_survived_2008/)\] + +But rest easy, seems that some people are getting the memo as according to this post, **Citadel Securities has had investor withdrawals of $470,000,000 as of February 25th, 2022 per self-reported 2021 financial statement:** + +https://preview.redd.it/5agv2u2wutl91.jpg?width=960&format=pjpg&auto=webp&s=c7c2475031f704ad31f4404450fe30de9cc6a5c7 + +\[[source](https://www.reddit.com/r/Superstonk/comments/t3lwpp/citadel_securities_has_had_investor_withdrawals/)\] + +So assuming that if there are any short hedge funds still in trouble out there, which is surprising as many financial bodies have gone to *excessive* lengths to reassure the public they have closed their short positions (and it's not as if any of them have *ever* lied before [**https://www.kengriffinlies.com/**](https://www.kengriffinlies.com/)) they may not be wanting to lose any further access to investor funds. + +Especially considering that Kenneth Griffin had to borrow a whooping [$600 million dollars](https://www.ft.com/content/f3206b39-0cd9-4956-8a87-f5b2f85025ea) earlier this month. Ouch. + +https://preview.redd.it/cvah861gwtl91.jpg?width=960&format=pjpg&auto=webp&s=7016f4cfdb6710168fdb0ab5eb065095af0d30e6 + +Objectively speaking, it could be interpreted that Citadel might be in a bit of a financial pickle here - and should news of the **DTCC Committing International Securities Fraud** get out, I could only imagine this would make things worse. + +Not to mention, it's not just the US share holders we're talking about here but a load of international investors withdrawing all their funds would probably have quite the impact on the value of the dollar (and can't imagine the FED would be a fan of that considering they are already flooding the US with an [infinitive supply of funds](https://www.reddit.com/r/Superstonk/comments/vywx2r/phone_number_price_target_confirmed/?utm_source=share&utm_medium=web2x&context=3) at the federal reserves, which might have something to do with the increasing inflation rates). + +https://preview.redd.it/pataww47ytl91.jpg?width=1208&format=pjpg&auto=webp&s=be37b9dc3e7b135aa05a18c798ef7e66450cfcd2 + +And speaking of international investors - according to this [post](https://www.reddit.com/r/Superstonk/comments/w0nhl8/did_anyone_catch_that_citadel_advisors_llc_became/) \- **Citadel Advisors LLC became Citadel L P in March of this year, and their SEC filing shows that 44% of their clients are non-United States persons, and most of the money under management (72%) belongs to non-U.S. persons.** + +Woah. + +Seems Citadel really need these international investors. + +Now just imagine the MSM actually did take to reporting the news and informed the general public, based on the evidence we have collected here, that the **DTCC committed international securities fraud** and then everyone removed their shares from the NYSE platform. + +Well... I wonder what that would do to all value of the stocks listed as assets on all those SHFs books once people started to withdraw their investments? Bye bye collateral. Bye bye liquidity. + +Not to mention what it would do for the integrity of the New York Stock Exchange. Wouldn't that speed up the crash that Burry keeps going on about? + +https://preview.redd.it/6bfrq1hkktl91.jpg?width=640&format=pjpg&auto=webp&s=7338140756fd9d6c5ac28309f6a8e4f5d7770c82 + +And god forbid, SHFs suddenly find themselves margin called because they no longer have enough collateral to off-set all their bad bets because their clients are withdrawing their money and selling their stocks on mass. + +https://preview.redd.it/2tltra0jktl91.jpg?width=600&format=pjpg&auto=webp&s=1e5de250ee839c8aa4da118bc971f03f9b67cc03 + +Well, that's just one theory. + +.............. + +And very briefly focusing on matters a little closer to home, it seems that in a bid to get access to more money - there's now developing some considerable cause for concern when it comes to the safety of **teachers pension pots.** + +I really wish I was kidding. + +Even now, there's been a fair bit of conversation surrounding **the SEC allowing the OCC unlimited access to money in pension funds, insurance companies, and other institutional investors.** \[[source](https://www.reddit.com/r/Superstonk/comments/x56h7d/the_fox_is_guarding_the_hen_house_the_sec_is/)\] and I see you recoiling in horror when thinking about how innocent, under funded and hard working school teachers, of all people, might find themselves suddenly caught in the cross-fire but I'm afraid - it's not easy reading from here on. + +Well, some have speculated that: **Ken Griffin plans to use teacher pensions to go long on REX (GameStop single stock short ETF) which he will then naked short REX in to oblivion as a counter measure to the MOASS** ([source](https://www.reddit.com/r/Superstonk/comments/x2vmif/ken_griffin_plans_to_use_teacher_pensions_to_go/)) ([source](https://www.reddit.com/r/Superstonk/comments/vygz4z/are_you_infuriated_at_the_incoming_singlestock/)) + +[Investor protection, what's that?](https://preview.redd.it/qrrjzozkpul91.jpg?width=1170&format=pjpg&auto=webp&s=cf3e6ded3c716fac95b5fad53acedacface9f3c3) + +And it's not as if it's the first time a hedge fund has lost money from pensions. check out **Allianz, in Germany, who lost 7 billion from Arkansas Teachers pension \[**[source](https://www.reuters.com/business/finance/germanys-allianz-its-us-funds-troubles-2022-05-17/)\] + +Here's hoping SHFs won't be borrowing any money they can't pay back. + +Especially since there appears to be a less than harmonious relationship there already. Here's Kenneth Griffin (2021), **directly blaming teachers unions for our economic issues: \[**[source](https://www.reddit.com/r/Superstonk/comments/uulhve/ken_griffin_is_so_concerned_that_apes_looted/?utm_source=share&utm_medium=web2x&context=3)\] + +And some research I found into some of his recent investments: + +[Financed anti-teacher campaigns AND wanted to break the Chicago Teachers Union too? ](https://preview.redd.it/itb750h2oul91.png?width=1180&format=png&auto=webp&s=1a4746ae10849faf311ce1e8544f935cd9e64b29) + +\[[source](https://news.littlesis.org/2019/10/18/striking-chicago-teachers-are-taking-on-the-billionaire-class-that-is-robbing-students-neighborhoods/)\] + +Seems to me that MSM need to be doing more to **warn and protect** those might be at risk and why there are such issues surrounding the mis-managements of funds and securities on Wall Street - especially when this affects a lot more than *just* the retail investors out there. + +**And regardless of whatever stories they paint about us after MOASS, you can see here that we have been trying to spread the word so we can HELP people.** + +................................................... + +So what do we do about it? + +[Let your voice be heard.](https://preview.redd.it/d2rp7390dul91.jpg?width=620&format=pjpg&auto=webp&s=9a81a71693a05ec4294e4976dbbd16e2d2ffc7c6) + +Well since the corporate-owned media institutions, or even the publicly funded ones like the BBC, are seemingly unwilling to report this to the public **(that does not get them off the hook)**, it seems we need to throw the net a little wider and reach out to independent journalists. + +The ones that inspire us constantly with their integrity, tireless determination and provide us with the ground-breaking stories that change the world (like the whistleblowers featured in the incredible film [Spotlight](https://www.imdb.com/title/tt1895587/)). + +I feel collectively we have a responsibility as the bearers of this knowledge to warn others that their livelihood and investments are potentially at risk. Especially, seemingly, since others are unwilling to do so. + +So I’m going to share again a **UNIVERSAL TEMPLATE** that anyone could send to those you think may be willing to listen. + +\>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> + +**Dear Sir/Madam,** + +**I have evidence to believe that the DTCC has committed securities fraud on the ticker GME (GameStop) which is diluting the value of shares held by institutional and retail investors around the globe.** + +**Here is a very short article on Medium:** [https://medium.com/@cuitlahuacpinedayouniss/has-the-dtc-failed-to-deliver-gamestops-dividends-25860d01d1f8](https://medium.com/@cuitlahuacpinedayouniss/has-the-dtc-failed-to-deliver-gamestops-dividends-25860d01d1f8) **which aims to not only provide context as a basis for this letter - but shows there exists extensive evidence demonstrating that many brokerages around the world were informed by the DTC, who are the custodians of these securities, to issue shares on behalf of GameStop in a manner that was fraudulent and against the wishes of the company.** + +**The Depository Trust and Clearing Corporation (DTCC) is a financial services company that provides clearing and settlement services for the financial markets and settles most securities transactions in the U.S. DTCC's subsidiary, The Depository Trust Company (DTC) provides securities movements for NSCC's net settlements, and settlement for institutional trades (which typically involve money and securities transfers).** + +**Being such an essential functioning key participator within the American Financial Markets, it struck me as odd that instead of filing the correct form needed to carry out the split-dividend as was issued by the company (a statement as provided by GameStop to clarify the nature of the request as was issued 05/08/22:** [https://news.gamestop.com/stock-split/?n](https://news.gamestop.com/stock-split/?n)**) the** **DTC told brokerages in the US, and internationally, to split the GME shares into four, rather than issue dividend shares as per the corporate action described in GameStop's 8-K filing.** + +**Here in this form, you can also see the process type was listed as 'stock split' and not dividend, as was instructed:** [https://www.reddit.com/r/Superstonk/comments/wf9mos/dtcc\_form\_for\_gme\_splividend\_from\_dnb/](https://www.reddit.com/r/Superstonk/comments/wf9mos/dtcc_form_for_gme_splividend_from_dnb/) + +**It should also be noted that this** **should have been performed under the DVSE ISO code but, again, wasn't. Further discussion and evidence to support these claims can be found here:** [https://www.reddit.com/r/Superstonk/comments/x5eshu/everyone\_keeps\_asking\_for\_proof\_of\_the\_fraud\_by/](https://www.reddit.com/r/Superstonk/comments/x5eshu/everyone_keeps_asking_for_proof_of_the_fraud_by/) + +**The DTC instruction also specified ISO-15022 code SPLF (Forward Split) rather than DVSE (Stock Dividend) so cannot be excused an US Imperial/Metric cause of mistake. See:** [https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm](https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm) + +**And here is the Securities Fraud law broken by the DTCC. Securities and Commodities Fraud 18 U.S. Code Statute 1348:** [https://www.reddit.com/r/Superstonk/comments/x5sgk2/here\_is\_the\_securities\_fraud\_law\_broken\_by\_the/](https://www.reddit.com/r/Superstonk/comments/x5sgk2/here_is_the_securities_fraud_law_broken_by_the/) + +**So this begs the question: Why can’t the DTC deliver the product they are custodians of?** + +**Canada's own CDS (The Canadian Depository for Securities Limited) has stated that the DTC advised them to split the shares rather than distribute new dividend shares. The GameStop 8-K filing, dated July 6, 2022 states that the 4-1 split is to be issued "in the form of a stock dividend." Reference:** [https://news.gamestop.com/node/19826/html](https://news.gamestop.com/node/19826/html) + +**In Germany the same thing is occurring and the Bafin (essentially the securities exchange police), have confirmed that GameStop dividend shares are incorrectly booked in Germany. Reference:** [https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Meldung/2022/meldung\_2022\_08\_02\_gamestop.html;jsessionid=6718D126425080BD1AD3C6C26C55F6A3.1\_cid502](https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Meldung/2022/meldung_2022_08_02_gamestop.html;jsessionid=6718D126425080BD1AD3C6C26C55F6A3.1_cid502) + +**The same reports are emerging at a concerning rate from as far reaching as Korea, Hong Kong, Switzerland, Cyprus and many other countries around the globe.** + +**Reports out of Korea are stating that their International Equities Team along with their Depository Leader and Counselor will be making a statement on this situation shortly. This is all further evidence that naked shares (otherwise known as synthetic shares or counterfeit shares) have been issued en masse to retail investors around the globe. For your reference, Naked shorting is** **the illegal practice of short selling shares that have not been affirmatively determined to exist.** + +**This should be front page on every newspaper around the world and now that this information is in your capable hands, I trust you will do all that you can in your endeavours to investigate this further for the sake of ensuring that the public are well informed and protected in light of potentially criminal activities.** + +**Thank you,** + +**Additional reading:** + +1. [https://www.reddit.com/r/Superstonk/comments/wg2e7j/beyond\_the\_wool\_the\_smoking\_gun\_and\_how\_the\_dtcc/](https://www.reddit.com/r/Superstonk/comments/wg2e7j/beyond_the_wool_the_smoking_gun_and_how_the_dtcc/) +2. [https://twitter.com/dlauer/status/1554128249638330369](https://twitter.com/dlauer/status/1554128249638330369) +3. [https://www.reddit.com/r/Superstonk/comments/whu9dm/we\_having\_fun\_yet/](https://www.reddit.com/r/Superstonk/comments/whu9dm/we_having_fun_yet/) +4. [https://www.reddit.com/r/Superstonk/comments/wg19eg/korean\_apes\_havent\_received\_their\_dividend\_ksd/?context=3](https://www.reddit.com/r/Superstonk/comments/wg19eg/korean_apes_havent_received_their_dividend_ksd/?context=3) + +**>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>** + +Any improvements or corrections, please share them below and I will amend. **And here are some contacts you can start by reaching out to but feel free to add more in the comments below:** + +[International Consortium of Investigative Journalists](https://preview.redd.it/0kgnjkc5aul91.png?width=2642&format=png&auto=webp&s=d558c54cce37d5dd22a2812ba343c191eb7286a9) + +* International Consortium of Investigative Journalists - [https://www.icij.org/leak/](https://www.icij.org/leak/) / [contact@icij.org](mailto:contact@icij.org) +* 60 minute news - [investigates@cbsnews.com](mailto:investigates@cbsnews.com) +* Jon Stewart - [thedailyshow@comedycentral.com](mailto:thedailyshow@comedycentral.com) \*\**sharing this as he's done work on this subject matter before, as well as an AMA here.* +* Wall Street On Parade *-* Russ Martens [ram741@aol.com](mailto:ram741@aol.com) / Pam Martens - [pamk741@aol.com](mailto:pamk741@aol.com) +* The intercept: [https://theintercept.com/source/](https://theintercept.com/source/) / [tips@theintercept.com](mailto:tips@theintercept.com) +* Top 12 Most Influential Journalists Of 2020: [https://www.nyfa.edu/student-resources/top-12-influential-journalists-today/](https://www.nyfa.edu/student-resources/top-12-influential-journalists-today/) + +*If you have other contacts, please share and I will update the list with your recommendations.* + +**Contact Government representatives:** + +1. To find your local MP (in the UK) - you can do this here: [https://members.parliament.uk/members/Commons](https://members.parliament.uk/members/Commons) +2. To find your state representative (US) - you can do this here: [https://www.house.gov/representatives/find-your-representative](https://www.house.gov/representatives/find-your-representative) + +**Financial regulators:** + +1. If you've bought shares through a UK broker, they are regulated by the FCA (Financial Conduct Authority): [https://www.fca.org.uk/markets/market-abuse/how-report-suspected-market-abuse-individual](https://www.fca.org.uk/markets/market-abuse/how-report-suspected-market-abuse-individual) +2. For the US, Canada & Mexico this is how to contact your state/province securities regulator: [https://www.nasaa.org/contact-your-regulator/](https://www.nasaa.org/contact-your-regulator/) + +....... + +^(For clarification sake, I do not represent this community and will never speak on behalf of it) *^(especially)* ^(to any MSM source. I am an individual retail investor and my concern lies exclusively with sharing information as pertinent to people’s investments and raising awareness to activity that poses a risk to said investments as held and managed within the US stock exchange as I have evidence to suggest that the DTC has committed international securities fraud. This is not financial advice.) +And then wimped out... + +About two weeks ago, I was going to remove all my funds from IGUS (tracks S&P 500 and is currency hedged) and put it all in CMOP (basket of commodities ETF, not currency hedged, so exposed to the dollar). + +Given the way global inflation is going, this seemed an absolute no brainer but I couldn't pull the trigger on investing what I'd cashed out from IGUS into CMOP. + +I did part one of the plan, but not part two... + +I'm really coming round to longing CMOP until inflation shows signs of slowing. Growth stocks really don't seem a super great investment at this level, in these macroeconomic conditions with the Feds hawkish attitude now they've all dumped their respective portfolios, not to mention the recent jobs report, which was excellent, re-enforcing the feds need to hike interest rates further. Not to mention CPI on Friday which is probably going to be sizzling... + +Thoughts? + +Update: Since I made this post + +CMOP: +0.1% + +IGUS / SP 500: -9% + +🤣... +Think about it, after bouncing around from 150-200 for the last 7 months with some spikes above, the stock is doing something different. This means that the game has changed, or at least the variables are changing. + +That being said something to keep in mind is that we know from the retail side that the main change is that Apes are DRSing shares, which is locking the float. Apes are still diamond handing the stock and not selling there has not been a significant FOMO event to invite new paperhands in. So other than removing shares that we thought were restricted to ensuring they are nothing has changed. + +This means changes are happening on the SHFs side that is causing the stock to behave as it has. As much as we like to make fun of the SHFs they are not dumb and know all the tricks in the book to manipulate the stock and shareholders in an effort to control the price and narrative. If they know all these tricks then the question is why now. Why wait 7 months for them to make this play and drop the stock like this. What is different about this post-earnings trading period vs previous ones? + +I have to think SHFs are doing this out of desperation or fear. There is a multitude of external factors that could have this thing blow up in their faces, and all those timetables are shrinking and synchronizing. + +The analogy of us playing poker against the SHFs is a perfect way to think of this. We have the nuts there is no hand that can beat ours, but the SHFs are bluffing and posturing in an effort to try and have us make a mistake and fold our hand. It's the only way they can win and they know it, so they are shoving their chips into the pot and declaring All-in. All that is left to do is to flip over our cards for the world to see and collect our tendies. +It has only been a few weeks since the **OCTAVERSE** dropped their OCTAN's token, a crypto asset designed to be used within their marketplace infrastructure, as an official currency for their project. This is no 'get quick rich' scheme, or overnight moonshot, this is a longterm project with a large team of based developers. + +Developers who have had **20+ years within the games industry**, working alongside some of the biggest titles as a PR / Marketing Partner, developing some of the best commercial strategies catered to each product. CapitalGames, their already established umbrella company, operates in-house for all their distribution related activities, marketing, sales and logistics. Based in Portugal, the company has rooted itself into the world of gaming from the ground up. Acting as a major asset in the country, as well as South Europe as a whole, for some of the biggest games companies out there. + +Taking their experience from CapitalGames, along with the already developed partnerships and brand deals, assets and allies within the industry; The OCTAN's project has a solid foundation to grow into something spectacular. Links to CapitalGames can be found at the bottom of the post. + +Currently already listed on **CoinGecko, Blockfolio, & CoinMarketCap,** and are currently in talks with **Whitebit**. The price chart is also available on **Coinbase**. **55,000 holders** and counting. + +Thanks to their prior connections, the team have the partnerships to supply Octan's Marketplace, with exclusive products; purchasable with OCTA as a currency. Including licensed merchandising rights with **Disney, Star Wars, Marvel & DC Comics.** The marketplace is set to be just one of the many planned projects under the OCTAVERSE umbrella. The team is set to list NFTs based upon their own designs, as well as working on further licensing deals within the NFT space. This is to expand the potential for **commercialised NFTs,** based upon the franchises of the trademarks above (Disney, Marvel, DC etc). This will be an incredible hub for **content creators** of NFTs, as it gives them far more freedom through using OCTAN's marketplace to host NFTs. + +*What this shows is the developers are clearly working towards an end goal with the project. They are securing the rights to move forward as an entity in this business, and not just a shitcoin/moonshot.* + +This project is very new, and will grow over time. The devs are incredible at what they do, and are building the foundation for something amazing. Within the last two weeks they've hired teams worth of skilled individuals to fulfil the growing needs of the project. + +Today is shaping up to be full of huge announcements from the project, and all will be revealed in today's weekly **OCTACAST** AMA. + +If you'd like to keep up to date with what's going on, I recommend joining the OCTAN's community and checking in weekly for updates. + +Links are below. + +Telegram Chat:[ https://t.me/OCTA\_OCTANS](https://t.me/OCTA_OCTANS) + +Discord:[ https://discord.gg/avh5qUwS](https://discord.gg/avh5qUwS) + +Website:[ https://octanscrypto.com/](https://octanscrypto.com/) + +Reddit:[ https://www.reddit.com/r/OCTANS\_OCTA/](https://www.reddit.com/r/OCTANS_OCTA/) + +CMC:[ https://coinmarketcap.com/currencies/octans/](https://coinmarketcap.com/currencies/octans/) + +Blockfolio:[ https://blockfolio.com/coin/OCTA](https://blockfolio.com/coin/OCTA) + +CoinGecko:[ https://www.coingecko.com/en/coins/octans](https://www.coingecko.com/en/coins/octans) + +Twitter:[ https://twitter.com/OCTANS\_OCTA](https://twitter.com/OCTANS_OCTA) + +Wallet Investor: [https://walletinvestor.com/currency/octans](https://walletinvestor.com/currency/octans) + +Contract Address: 0x86c3E4FfAcdB3AF628ef985a518cd6ee22A22b28 (OCTA 8% Slippage) + +Also check out their parent company as mentioned above: [https://www.capitalgames.pt/trade-marketing-en](https://www.capitalgames.pt/trade-marketing-en) +I use the backtrader package in Python alongside TA-Lib. Through playing around with some ideas, I've generated some truly ridiculous performing algos that get upwards of 1,000% - 2,000% gains in 3 months. + +[Here's an example of performance](https://i.imgur.com/hihgC6T.png) + +[Cumulative performance of 300 random 3-month time periods](https://pastebin.com/zVV86VK1) + +[Here is a histogram of that data where X is the ending portfolio value](https://i.imgur.com/LF4kN2K.png) + +However, I've written a Python script hooked up to a CRON job that runs every four hours checking the market for the right conditions on an Oanda Demo Account. I've let it run for about 3 months now, and the portfolio is slowly bleeding out. + +It could be an infinite number of things from order execution to hyperparameter tuning, but I don't want to wait another 3 months on a forward test to find out. + +Is there a way that I can optimize my development process so that I come to a more confident conclusion on a trading algo before I hook it up to a forward-walking test and waste time twiddling my thumbs to see how it performs? + +Any tips would be helpful :) +Called yesterday to make my internet payment. Up until now, we were doing the past due balance, payment extensions and post dated checks. The lady on the line sounded surprised when I said I wanted to pay the past due AND the current balance. Little victory, but feels amazing to be current on one bill. + +Edit: thank you kind stranger for the gold. My next drink is to your health and happiness. +I have one I need to prep for winter and get filled. As a kick in the butt I asked my daughter if she wants to camp out at it. So we are now in sleeping bags in our own rooms. Am I crazy? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to $AstroPup 🚀 + +The first 30 hours have been astronomical to say the least, we’ve achieved so much! We’ve nearly hit an astonishing **3,000 holders** and hit an **ATH of $10.1 Million** Market Cap, and we aren't done yet. + +AstroPup is a Auto Yield Deflationary token that rewards the holder. 10% tax on every transaction, 7.5% goes towards the holder and 2.5% goes back into liquidity which is used to help against trade volatility. + +We have burned the 50% of 1 Quadrillion Supply to increase Pumpanomics. Contract has been ownership renounced, LP is also locked, and there are no dev wallets. + +We have a very solid road map with our initial focus being marketing. This hype has only been from Reddit posting. So imagine when we start to pump promotions on all platforms such as tiktok, YouTube, Twitter to say a few. + +CoinGecko has been applied for and CMC will be applied for soon. We have a trending listing on CoinHunt.cc, TrustWallet logo/price is on the To Do list also, TokenSniffer & CoinHunt Promotional ads today. And we’re going full force on marketing from today. + +We hope you can join in on our amazing journey to flying our pup to the moon. + +&#x200B; + +How To Buy AstroPuppies? + +Contract Address: 0xaaa304abe41870600274160df1fc9f0c136a13cc + +Buy on PancakeSwap(v2): +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xaaa304abe41870600274160df1fc9f0c136a13cc](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xaaa304abe41870600274160df1fc9f0c136a13cc) + +BcsScan: +[https://bscscan.com/token/0xaaa304abe41870600274160df1fc9f0c136a13cc](https://bscscan.com/token/0xaaa304abe41870600274160df1fc9f0c136a13cc) + +Chart: +[https://charts.bogged.finance/?token=0xAAa304aBe41870600274160df1fC9F0C136a13Cc](https://charts.bogged.finance/?token=0xAAa304aBe41870600274160df1fC9F0C136a13Cc) + +&#x200B; + +👉 Check out the website - [https://astropup.finance/](https://astropup.finance/) + +👉 Join the Telegram - [https://t.me/AstroPup\_Official](https://t.me/AstroPup_Official) +Welcome to $AstroPup 🚀 + +The first 30 hours have been astronomical to say the least, we’ve achieved so much! We’ve nearly hit an astonishing **3,000 holders** and hit an **ATH of $10.1 Million** Market Cap, and we aren't done yet. + +AstroPup is a Auto Yield Deflationary token that rewards the holder. 10% tax on every transaction, 7.5% goes towards the holder and 2.5% goes back into liquidity which is used to help against trade volatility. + +We have burned the 50% of 1 Quadrillion Supply to increase Pumpanomics. Contract has been ownership renounced, LP is also locked, and there are no dev wallets. + +We have a very solid road map with our initial focus being marketing. This hype has only been from Reddit posting. So imagine when we start to pump promotions on all platforms such as tiktok, YouTube, Twitter to say a few. + +CoinGecko has been applied for and CMC will be applied for soon. We have a trending listing on CoinHunt.cc, TrustWallet logo/price is on the To Do list also, TokenSniffer & CoinHunt Promotional ads today. And we’re going full force on marketing from today. + +We hope you can join in on our amazing journey to flying our pup to the moon. + +&#x200B; + +How To Buy AstroPuppies? + +Contract Address: 0xaaa304abe41870600274160df1fc9f0c136a13cc + +Buy on PancakeSwap(v2): +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xaaa304abe41870600274160df1fc9f0c136a13cc](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xaaa304abe41870600274160df1fc9f0c136a13cc) + +BcsScan: +[https://bscscan.com/token/0xaaa304abe41870600274160df1fc9f0c136a13cc](https://bscscan.com/token/0xaaa304abe41870600274160df1fc9f0c136a13cc) + +Chart: +[https://charts.bogged.finance/?token=0xAAa304aBe41870600274160df1fC9F0C136a13Cc](https://charts.bogged.finance/?token=0xAAa304aBe41870600274160df1fC9F0C136a13Cc) + +&#x200B; + +👉 Check out the website - [https://astropup.finance/](https://astropup.finance/) + +👉 Join the Telegram - [https://t.me/AstroPup\_Official](https://t.me/AstroPup_Official) +Last year I finished college and wasn't making a lot of money so I applied for medicaid. After submitting all of my documents including my W2 (~$12,000 in 2016) and recent paystubs showing that I made less than 1300/month, I was approved. + +In October of this year, I picked up a lot of overtime in preparation for being out of work for an upcoming surgery and my income for the year shot up to ~$19,200. This is according to the woman at welfare, because I haven't received my 2017 W2 in the mail yet. + +Most months I was under the limit, but medicaid only looks at the year-to-date in order to calculate how much money you made every month. They said I made an average of ~$1600/month over the course of 12 months. + +So because I went over, the woman from Welfare called me and told me that I'll have an overpayment of $1,000/month to pay Medicaid back and that I'll receive paperwork in the mail. + +$1,000/month is literally what I take home every month if I'm lucky. I asked her how she expected me to pay that when I need to pay for car insurance, college loans, and now (most likely) health insurance. + +She basically said that it wasn't her problem and to wait for paperwork in the mail. + +I guess it's my fault for making more than I should have. I had a lot of medical issues that I needed to take care of, so the medicaid was essential in helping me pay for surgeries, doctors appointments, etc. Even then, there was a lot of money that came out of my pocket because many places don't accept medicaid. + +Now I'm going to have to find a way to pay this money and I have no idea what to do. I probably can't pay what they ask. Am I going to jail? + +Is there any way for this to be forgiven? Given what's already on my plate, and my emotional and medical problems (currently see a psychologist and physical therapist regularly), I have no idea what to do. + +I haven't worked in a month due to my knee surgery and I'll only be working two days a week for the next month or two while I recover. I'm in a pickle. + +Welfare lady also said that my medical coverage will "roll over to the affordable care act" once my medicaid ends this month. + +I have no idea what's going on and I'm kind of freaking out because my mom is permenantly disabled and makes less money than I do. Any suggestions would be appreciated. + +Edit 1: Edited for accuracy. +Where do you end up paying less taxes generally (taking into account wage differences(edit)? + +Also, would you ever consider moving countries in order to save taxes / save more money? +My thought is this. + +We are currently in the middle of one of the biggest and most rapid market corrections we’ve seen in years. All stocks are dropping fast. With that simple fact in mind if GME was not a threat then GME would naturally sink with the rest of the market. NO SHORT ATTACK NEEDED. + +Here is the crux of it all. The fact that these SHF are borrowing shares to short attack GME (when the market correction should be doing it organically)makes no sense. If the entire market is crashing (GME included)let it crash why would you bother wasting money creating synthetic shares for any company in these market conditions. + +But this does not seem to be the case…..during this free fall SHF are borrowing hundreds of thousands of shares to short GME most likely due to the fact that GME isn’t susceptible to what’s happening to every other stock right now. + +In conclusion GME is such an outlier that it needs to be shorted to be kept down even during the worst market downturn in years. + +BULLISH. +The 2nd month of the quarter was a good one, the dividend total was just $100 less than last year despite continually selling off positions from my taxable stock account. + +T was the biggest contributor with a dividend payment of over $1200. ABBV came in 2nd with a payment of over $630. My T position changes every quarter. I added a few ABBV shares last month so my payment from them was $20 higher than last quarter. I DRIP my ABBV shares, so they purchased 6.654 additional shares. I hold T in all 3 of my stock accounts, the T in my Roth are also DRIPed and they purchased 11.735 additional shares. All other dividends went to cash. +I’m getting married next year and plan to legally tie the knot to file jointly married for the next tax cycle. My dad insists otherwise because: + +• “when you get married and file together that will be both of your debt, because Biden called for income based repayment, so if salary is less, repayment is less” - my fiance has privatized student loans. When I googled this, I saw “Even in community property states, debts incurred before the marriage remain the sole responsibility of the individual. + +•”when you combine your credit scores will be affected based on your separate debt to income ratio” - when I looked this up, credit does not change at all when married according to multiple sources online. + +I (M23) honestly think he wants another year to claim me as a dependent even though I have moved out almost a year ago and the only thing they still cover for me is car insurance (though I am buying my own insurance next month), health insurance (through my mom’s work) and phone bills. I pay 100% of the rent, food, gas, entertainment, car maintenance, etc myself. Also my brother has turned 26 and though still lives at home, I don’t think can be claimed as a dependent anymore, so I think it’s because he wants to claim me as it for another year as he won’t be able to do that once married. + +Can anyone validate the validity of his claims? When is filing separately as a married couple actually beneficial? Sources online say it’s really only beneficial in a large disparity in income, but we will very soon be making the exact same and are always in the same bracket. +I am not opposed to hard work and dedication, I have ~90 credits in college but haven't gone in 1 year. Most of these credits are in social sciences towards my associates degree in criminal justice. + +My steps I can infer myself are: + +Find a better paying job as is + +Learn a skill to improve job hours, regularity and open my schedule for schooling. + +Find an affordable school in South East Pennsylvania where I will be eligible for in state tuition in 10 months + +I am aware of MIT's advertised free Online Courseware and have an interest in computer science, health/nutrition as well as math. I just don't know the path of achieving and completing these steps so to apply them in my overall goal of financial progress. What are my options to advance my career away from retail management, and educate myself into a position where I can choose a career path that is more fulfilling and financially secure? + +I am aware many people are on here trading tips on stocks, putting away for retirement, playing with amounts of money I don't make in a year and that's GREAT, I can strive for that but first and foremost my goal is to continue to feel stable on my feet, as I currently feel that something like my car breaking down, or substantial speeding ticket for instance would result in financial ruin. + +Edit: I just want to say thank you to you all +✳ELONONE is a hyper-deflationary, holder-rewarding ERC-20 Protocol. A 2% tax is applied to each transaction which is instantly and automatically re-distributed to all existing holders of ELONONE at the time of each transaction. + +✳#ELONONE is fully owned and governed by its amazing community. Our volunteers AKA 'Cadets' consistently discuss new ideas and help build #ELONONE into the most positive and impactful community in crypto. Salute to the Cadets! + +✳The #ELONONE project is safe, with a 100 year liquidity lock and a successful security audit by Solidity Finance. + +&#x200B; + +💰 Tokenomics: + +✅2% tax that gets redistributed to all holders on every buy, sell, and swap. + +✅Redistributions are also reallocated into the burn wallet making the token deflationary with every single transaction as well. + +✅Vitalik Buterin was given approximately 45% of the token at launch in April. On October 31st, he burned 38.7% of the total tokens supply! + +&#x200B; + +🌟Upcoming: + +✅Gasless NFT Marketplace with DROPS feature which allows artists to drag, drop and create their own generative smart contracts which cuts out the need for a developer. + +✅Rocketdash 3D NFT racing game with gambling features and RNG technology by Chainlink + +✅FEGEX listing + +✅Tons of partneships (ie. Token Frame digital NFT picture frames) + +&#x200B; + +📝Contract: + +Address: 0x97b65710d03e12775189f0d113202cc1443b0aa2 + +🔗Links: + +📈Dextools: [https://www.dextools.io/app/uniswap/pair-explorer/0x9ec5149472db6acffb9023a47d37b4ecbcf68a4b](https://www.dextools.io/app/uniswap/pair-explorer/0x9ec5149472db6acffb9023a47d37b4ecbcf68a4b) + +🗣Facebook: [https://www.facebook.com/groups/557839712083505/permalink/570815420785934/?sfnsn=mo&ref=share](https://www.facebook.com/groups/557839712083505/permalink/570815420785934/?sfnsn=mo&ref=share) + +📱Telegram: [https://t.me/astro\_elon](https://t.me/astro_elon) + +🤝Audit: [https://solidity.finance/audits/AstroElon/](https://solidity.finance/audits/AstroElon/) + +🔐Liquidity Lock: [https://team.finance/view-coin/0x97b65710D03E12775189F0D113202cc1443b0aa2?name=ASTROELON&symbol=ELONONE](https://team.finance/view-coin/0x97b65710D03E12775189F0D113202cc1443b0aa2?name=ASTROELON&symbol=ELONONE) + +💻Discord: [https://discord.gg/aKUCQtVRFf](https://discord.gg/aKUCQtVRFf) + +🦎CoinGecko: [https://www.coingecko.com/pt/moedas/astroelon](https://www.coingecko.com/pt/moedas/astroelon) + +🔗CoinMarketCap: [https://coinmarketcap.com/currencies/astroelon/](https://coinmarketcap.com/currencies/astroelon/) + +🌎Website: [https://astroelon.net/](https://astroelon.net/) + +🐦Twitter: [https://twitter.com/AstroElon](https://twitter.com/AstroElon) + +💬TG Announcements: [https://t.me/astroelonannouncements](https://t.me/astroelonannouncements) +The following list contains every possible way I know to earn some actual, free cryptocurrencies. I avoided shady websites, apps that I didn't try personally, and those services that make you download shitty games and malwares. This list contains only trusted services, without any referral codes. + +If you think I missed something, please share it in the comments so that people can check that out as well! + +&#x200B; + +**Coinbase Earn** **\[about $30 in different cryptocurrencies\]:** + +This is one of the most popular ways, although it is not really the quickest. You need a Coinbase account and to complete verification (so photo + document). Once you are verified, you will be put on a waiting list that usually lasts a couple of days. + +Once you get accepted, all you have to do is watch a video explaining how a project works, and answer some questions about it. It is not anything hard and you can find the answers online. + +Right now, you can earn XLM, COMP, CGLD, GRT, NU, but they often update it with a new project so definitely keep the account once verified. + +[LINK](https://www.coinbase.com/earn) + +&#x200B; + +**CoinMarketCap Earn** **\[various cryptocurrencies\]:** + +Basically the same as Coinbase Earn, but hosted by CoinMarketCap. For this, you'll need a CoinMarketCap account (just needs e-mail and password) and a verified Binance account (which requires verification, but there's no waiting list once verified). + +The payouts are slower than Coinbase Earn, since they are distributed after weeks and not immediately. + +[LINK](https://coinmarketcap.com/earn/) + +&#x200B; + +**Faucets \[various cryptocurrencies\]:** + +This is one of the easiest and most immediate ways to get a small amount of crypto. You just need a wallet that can hold the coin and the relative address, and you're good to go. + +They're basically websites that distribute small amounts of cryptos to the users asking for it, and they're supported by donations/ads and stuff like that. + +There are a lot and you can often find them just by searching on Google "<name of the coin> + faucet". + +A [good read](https://coinmarketcap.com/alexandria/article/what-is-a-crypto-faucet) about them and some examples: [freenanofaucet](https://www.freenanofaucet.com/) and [Doge Faucet](https://www.dogefaucet.com/en) + +&#x200B; + +**Airdrops \[various cryptocurrencies\]:** + +An airdrop, in the cryptocurrency business, is a marketing stunt that involves sending coins or tokens to wallet addresses in order to promote awareness of a new virtual currency. + +They can be free or they might require holding certain tokens or doing small tasks. + +Airdrops happen on many different platforms and for many different coins, so it's often hard to find them if you aren't familiar with the community or the platform. Anyway, [Airdrops.io](https://Airdrops.io) is a good website that gathers the best airdrops happening. + +&#x200B; + +**Bounties \[various cryptocurrencies\]:** + +In the crypto world, it is a marketing strategy where an ICO allocates a percentage of their tokens for “bounties”. These are tasks that are open to the public to complete and their reward is the new token that is launching. Once the token is launched, participants of the bounty will receive their tokens. + +As you may have noticed, they're similar to airdrops. As airdrops, it is often difficult to find them. [This](https://beta.bounty0x.io/explore) is a good website that gathers some bounties that are currently active. + +&#x200B; + +**WeNano \[NANO\]:** + +This is one of my favorites, so I encourage you to check them out since the project is awesome. + +Have you ever played Pokémon Go? Well, this is a similar app, but instead of capturing Pokémon, spots are created by users around the world, and by visiting them you can earn NANO and chat with other users. The payouts are actually really good, especially in large cities, and the community around it is awesome. + +[This](https://www.wenano.net/) is the official website (it's available both for Android and iOS) + +&#x200B; + +**NanoQuakeJs \[NANO\]:** + +Another favorite of mine. It's literally just Quake 3, on your browser, and for each kill you get some NANO. I challenge you to find something cooler. + +[This](https://nanoquakejs.com/) is the website, you just need a nickname and a NANO address and you're good to go! + +There are some other similar projects, one of which is [PlayerKillers](http://playerkillers.exchange/), but I mean, Quake is Quake. + +&#x200B; + +**Reddit \[MOON, DOGE, NANO\]:** + +Yeah, Reddit. There are actually a couple of ways to earn crypto on Reddit. + +First, our favorite, MOONs. You just need to set up your vault (on the app) and you're ready to receive moons next distribution! They happen once a month, and a fixed amount of moons are distributed to the r/CryptoCurrency community, based on the Karma you gained that month. So start shitposting! + +Other subreddits, like Dogecoin's and Nano's have bots that allow you to tip users, so if you make a good submission there you'll probably receive some coins from kind redditors. + +Also, subs like r/dogecoinbeg exist, where you can... Well... Beg for dogecoins. + +&#x200B; + +**Publish0x \[ETH\]:** + +This is a really cool project that I personally love. It is basically a website like Medium, where users can post blog entries. + +The best thing about this is that the website provides the coins. You will literally earn crypto just by reading content on the website (which is crypto-related), sharing content and writing it (although you'll need to apply as an author to do so). + +[LINK](https://www.publish0x.com/) + +&#x200B; + +**SteemIt \[STEEM\]:** + +Steemit is a blogging and social media platform that uses blockchain technology and a cryptocurrency to reward its users for creating content, commenting, and upvoting other posts.  + +It is really similar to Reddit, [here](https://steemit.com/)'s the link + +[Cent](https://beta.cent.co/~discover/) is another similar social network built on top of Ethereum, worth checking out. + +&#x200B; + +**NFT marketplaces \[various cryptocurrencies\]:** + +Many websites offer the possibility to sell artworks, collectibles and in general NFTs. NFT, for the newcomers, stands for Non-Fungible Token, and means a token representing something unique. + +You can think of it as an art piece: although you can copy it, scan it and print it, there will only be one original copy. NFTs are used to verify and confirm the uniqueness of something and its ownership. So, let's say I make a beautiful digital painting, I can "link" it to this token and whoever owns the token, owns the digital painting and can therefore sell it or trade it. + +[KnownOrigin](https://knownorigin.io/), [Mintable](https://mintable.app/), [Rarible](https://rarible.com/) and [OpenSea](https://opensea.io/) are all great example of such marketplaces. If you're a creative person and want to sell some of your works, those are great places to do so. + +&#x200B; + +**Games and Collectibles \[various cryptocurrencies\]:** + +Many games run on a blockchain, using NFTs to create unique and rare in-game assets. Think of a card game like HeartStone: on the blockchain, it is possible to create only 10 cards of a specific type (using NFTs), so only 10 users in the world can own that card, so that card would extremely rare and therefore valuable. + +Usually, it is not easy to earn crypto this way, you'll need to play a bit before getting some good stuff that you can sell, but if you find a game that you like you can surely earn while having fun! + +Examples of games are [MyCryptoHeroes](https://www.mycryptoheroes.net/home), [EverDragons](https://everdragons.com/), [Axie Infinity](https://axieinfinity.com/), [Decentraland](https://decentraland.org/) and [Brave Frontier Heroes](https://bravefrontierheroes.com/). + +Some aren't even games at all, just collectibles that you can buy, trade and earn. Examples are [CryptoKitties](https://www.cryptokitties.co/catalogue) and [Clovers](https://clovers.network/) + +&#x200B; + +Endnote: especially services using NFTs on top of Ethereum are, right now, subject to really high fees that make it often impossible to trade these tokens effectively. Be careful when doing a transaction. + +&#x200B; +&#x200B; + +EDIT: +Some I forgot or didn't know about: + +* **Brave browser**: allows you to earn BAT just by browsing and seeing ads. Both on PC and mobile. +* **ethtrader and fortniteBR**: they're also subreddits with a governance tokens (like moons), so you can earn some money shitposting there too. +I can feel a lot of the newer autists on here scratching their heads as to why we are seeing so much red lately. I'm just as retarded as the next guy but here's my two cents, feel free to add anything or correct me in the comments. + +# Rising Bond Yields and Inflation + +Firstly if you're unfamiliar with how bond yields correlate to asset prices here's a short explanation. + +Bond yields are based on expectations of inflation and economic growth (as well as a few other things that aren't important here). As interest rates rise, the price of bonds fall while bond yields rise. + +As a result of U.S stimulus, the anticipation of the economy opening up and an increase in vaccinations the expectation of coming inflation is high. The potential for fast paced inflation during the economic recovery is causing bond yields to increase sharply as people do not want to buy them. Another important factor to understand is how bond yields correlate with company valuations, i’ll let you look into that yourself. + +Another potential reason for a "correction" is that U.S stimulus has driven benchmark indices to record highs during the pandemic, with retail investors making increasingly speculative plays with too much debt. With an influx of retail money which is highly over leveraged the fears of rising interest rates is the perfect catalyst for a sell off or potential correction. + +There is more to be said but i have to go to work so i'll leave it at that for now. In my opinion the market is still incredibly optimistic and this over reaction will be short lived. Just remember not to be an emotional retard and sell off over the coming week. + +TLDR + +Fears of inflation causing bond yields to rise, more focus on fixed income investments. +Following on the previous tracking post ([http://redd.it/i2mmzg](http://redd.it/i2mmzg)) and the highly upvoted request from /u/DJ-Ascii , I've set up this post for another round of underrated or undervalued stock picks. + +As before, let us know what stock you believe is underrated and a consistent winner that has done well for you, or you believe will do well going forward. + +In order to make this easier to track please use the following guidelines for submitting. + +1. Only one submission per comment. You can make multiple comments, but please only submit one stock per comment. +2. Please include at least the ticker and the company name. Feel free to explain why you think this is a good stock. + +I'll add these new picks alongside the old survey so as to update you on each portfolio over time. Don't worry about any overlaps. + +Edit 1: I've compiled everyone who has posted so far, but I'll look out for any final additions tomorrow. The list will then be locked EOD on Friday the 7th of August, and all prices will start from there. + +Edit 2: All picks have now been locked down and consolidated into the list below. Stocks are sorted in alphabetical order of their company name and the ID corresponds to the approximate order in which they were submitted. The next update will be in 30 days. + +|**ID**|**Company**|**Symbol**|**Provided by**|**Upvotes**|**8/7/2020**| +--:|:--|:--|:--|--:|--:| +|194|10X Genomics Inc|TXG|Unlucky-Prize|1|$96.13| +|111|1ST TR EXCHANGE/NASDAQ CEA CYBERSEC|CIBR|komoggmu321|1|$35.40| +|176|2U Inc|TWOU|DickDaddy|1|$41.49| +|110|AAR Corp.|AIR|paulo92834|4|$18.77| +|180|ACM Research Inc|ACMR|moveitover|1|$101.92| +|23|Activision Blizzard, Inc.|ATVI|Mondanivalo|12|$82.47| +|8|Advanced Micro Devices, Inc.|AMD|ArneGo, apqwer, LoveOfProfit|13|$84.85| +|28|Ageagle Aerial Systems Inc|UAVS|fishkillr|16|$3.26| +|205|Agraflora Organics International Inc|AGRA|spreeshark|1|$0.05| +|22|Air Canada|TSE:AC|priamXus|0|$15.73| +|19|Alexion Pharmaceuticals, Inc.|ALXN|fisk47|39|$103.28| +|70|Alibaba Group Holding Ltd - ADR|BABA|helio987, ScreeMart, Necessary_Club_6714|-1|$252.10| +|17|Ally Financial Inc|ALLY|jcurtis44|1|$21.47| +|24|Alteryx Inc|AYX|Kme2|30|$121.38| +|222|Altimmune Inc|ALT|Spes-Caritas|1|$27.38| +|117|Altria Group Inc|MO|ARGENT_UM_PUR, gm14202|1|$42.17| +|143|American Tower Corp|AMT|editviewgo|1|$257.61| +|175|American Water Works Company Inc|AWK|InfamousLegato|1|$149.79| +|183|Anglo Asian Mining|LON:AAZ|krenaldi1|1|$161.50| +|129|Aphria Inc|APHA|Aprhria, Bdghablig|1|$4.47| +|119|Apple Inc.|AAPL|tcldstnvdw|-1|$444.45| +|184|Ares Capital Corporation|ARCC|ThemChecks|1|$14.87| +|54|ASML Holding NV|ASML|EthosPathosLegos, earthmoonsun|15|$366.07| +|113|Atlassian Corporation PLC|TEAM|shadowrckts|1|$170.93| +|224|Avalara Inc|AVLR|nomdeplume_alias|1|$122.71| +|244|Axon Enterprise Inc|AAXN|ansofteng|1|$83.88| +|150|Aytu Bioscience Inc|AYTU|Bkzkilla2, beefy-ambulance, subaruveganguy22|2|$1.38| +|236|Banco Bbva Argentina SA|BBAR|GAV17|1|$4.23| +|128|Bank of America Corp|BAC|oobydoobydoobydoo, wrs97|2|$26.11| +|247|BELLUS Health Inc|BLU|NhatNguyen2112|1|$2.74| +|29|Berkshire Hathaway Inc. Class B|BRK.B|Jeroen_Jrn, Cuza|31|$209.48| +|45|Best Buy Co Inc|BBY|1madeamistake|2|$102.90| +|35|Beyond Meat Inc|BYND|Kreisensalat, _Flipside_|8|$131.51| +|33|BlackBerry Ltd|BB|mh1t, EthosPathosLegos|25|$4.84| +|208|Blackline Inc|BL|veebeew|2|$79.26| +|196|Booz Allen Hamilton Holding Corporation|BAH|i_smel_hookers|1|$84.67| +|75|Boston Beer Company Inc|SAM|Top_Island|2|$825.79| +|114|Brainstorm Cell Therapeutics Inc|BCLI|BigSexyTolo|2|$12.79| +|92|Brookfield Asset Management Inc|BAM|duongroi, Avaronah|2|$32.32| +|187|Brookfield Property Partners LP Unit|BPY|Onarco|1|$11.75| +|140|Brookfield Renewable Partners LP|BEP|YourPineapplePunch|1|$45.25| +|227|Cameco Corp|CCJ|jh4962772, Commandobolt, 3STmotivation|13|$10.37| +|109|Canadian Solar Inc.|CSIQ|MrMineHeads, vvv561|6|$25.32| +|204|Cardlytics Inc|CDLX|whossayn, YarManYak|2|$66.28| +|146|CBS Corporation Common Stock|VIAC|1987supertramp|1|$26.21| +|74|CD PROJEKT S A/ADR|OTGLY|Thtb|8|$28.50| +|229|CDW common stock|CDW|plorfu|1|$114.77| +|95|CEL-SCI Corporation|CVM|Golden_Pineapple|1|$12.19| +|242|Chegg Inc|CHGG|Boots2243|1|$86.98| +|36|Cloudflare Inc|NET|thereisnospoongeek, olliemacg, Boots2243|220|$40.06| +|80|COLLIER CREEK H/SH CL A|CCH|RIC_FLAIR-WOOO|5|$13.84| +|246|Coty Inc|COTY|NhatNguyen2112|1|$4.00| +|209|Cresco Labs Inc|CRLBF|UncleSlippyFist|1|$6.28| +|3|Crispr Therapeutics AG|CRSP|emtvaikkajoku|98|$89.81| +|142|Crown Castle International Corp|CCI|jkgator|1|$168.19| +|*16*|*CureVac*|*Pending IPO*|*Tangerinho*|*8*|*#N/A*| +|223|CVS Health Corp|CVS|handsomeandsmart_|2|$64.96| +|65|Cyberark Software Ltd|CYBR|Kevenam|2|$110.59| +|239|CytoDyn Inc|CYDY|dufmum|1|$4.79| +|165|Daqo New Energy Corp|DQ|stonk_daddy|1|$122.55| +|241|DexCom, Inc.|DXCM|InformalAid|1|$440.70| +|6|Dicerna Pharmaceuticals Inc|DRNA|earthmoonsun|7|$21.03| +|73|Digital Turbine Inc|APPS|toop4|6|$22.59| +|130|Docusign Inc|DOCU|h3ku, Teach-101|0|$204.76| +|185|Draftkings Inc|DKNG|boomshalock|1|$34.09| +|39|Drive Shack Inc|DS|Bobjenkins97|2|$1.65| +|4|Editas Medicine Inc|EDIT|earthmoonsun|7|$34.71| +|145|Edwards Lifesciences Corp|EW|TheTubbyOlive|1|$76.94| +|139|EHang Holdings Ltd - ADR|EH|TheEUR0PEAN|1|$9.21| +|230|Electrameccanica Vehicles Corp|SOLO|IHaveUsernameBlock|1|$3.07| +|118|Elevate Credit Inc|ELVT|ScoreFuture|1|$2.58| +|218|Else Nutrition Holdings Inc|BABYF|PringlesAreUs|1|$1.36| +|85|Empire State Realty Trust Inc|ESRT|silverpaw1786|4|$6.66| +|21|Enphase Energy Inc|ENPH|deGoblin|31|$72.84| +|197|Equinix Inc|EQIX|gce1010|3|$791.70| +|86|Essent Group Ltd|ESNT|veggie-man|1|$35.82| +|235|Etsy Inc|ETSY|PeskyShart|1|$135.06| +|84|Fastly Inc|FSLY|AwesomeMathUse|3|$79.33| +|93|Federal National Mortgage Association|FNMA|figbuilding, onkel_axel|2|$2.12| +|168|Fire &amp; Flower Holdings Corp|TSE:FAF|tobcar|1|$1.01| +|207|First Mining Gold Corp|FFMGF|RecCenterBall|0|$0.41| +|219|FLIR Systems, Inc.|FLIR|_zerokarma_|1|$37.48| +|52|Fluor Corporation (NEW)|FLR|lost_searching|2|$11.38| +|90|FORUM MERGER II/SH CL A|FMCI|Mug_of_coffee|3|$14.53| +|81|Franco Nevada Corp|FNV|AwesomeMathUse|1|$153.57| +|155|FuelCell Energy Inc|FCEL|i-kno-nothing, dewaser|2|$2.68| +|98|Games Workshop Group PLC|OTCMKTS:GMWKF|MAUSECOP, Thenattylimit|2|$120.95| +|115|GameStop Corp.|GME|EmployerOfTheMonth|2|$4.16| +|200|Gan Ltd|GAN|emcdeezy22|2|$20.29| +|159|General Motors Company|GM|Buttershine_Beta|-1|$26.72| +|251|Genius Brands International Inc|GNUS|due11|1|$1.59| +|156|GFL Environmental Inc|GFL|lenadunhamsbutthole|1|$21.56| +|99|Gilead Sciences, Inc.|GILD|Leroy--Brown|1|$69.35| +|138|GLB X FUNDS/HEALTH &amp; WELLNESS T|BFIT|Venhuizer|2|$20.69| +|126|GLB X FUNDS/VIDEO GAMES &amp; ESPORTS E|HERO|sgtyzi|1|$26.00| +|186|Golden Minerals Co|AUMN|YEEEEEAAAAA|1|$0.44| +|151|Gran Colombia Gold Corp|TSE:GCM|Linnake|0|$7.46| +|67|Grayscale Bitcoin Trust (Btc)|GBTC|asherlevi|2|$13.06| +|234|Great Panther Mining Ltd|GPL|Tony0x01|1|$0.93| +|152|H&amp;R Real Estate Investment Trust|HR.UN|CaptainCanuck93|0|$10.34| +|122|Helen of Troy Limited|HELE|aa341|1|$201.26| +|55|Hikma Pharmaceuticals Plc|HKMPF|Marvins-Room|1|$31.08| +|20|Horizon Therapeutics PLC|HZNP|thesearchforanswer|3|$76.06| +|103|Huntington Ingalls Industries Inc|HII|howtoreadspaghetti|1|$167.90| +|9|IAC/Interactivecorp|IAC|dvdmovie1|36|$133.05| +|61|Ibio Inc|IBIO|PrairieDogger69|1|$3.80| +|101|Immunovia AB (publ)|IMMNOV|jennyther|3|$161.60| +|108|Ingles Markets, Incorporated|IMKTA|kimjungoon|1|$42.97| +|77|Inmode Ltd|INMD|meta-cognizant, craneman813|4|$31.77| +|123|Innovative Industrial Properties Inc|IIPR|Dalis_Ktm|1|$114.63| +|201|Inseego Corp|INSG|esoccer141414|1|$12.08| +|214|Inspire Medical Systems Inc|INSP|JPINFV2|1|$104.92| +|134|Intel Corporation|INTC|ionlypwn, TitanCrasher54, niknikniknikniknik1|5|$48.03| +|5|Intellia Therapeutics Inc|NTLA|earthmoonsun|7|$19.83| +|164|Intuitive Surgical, Inc.|ISRG|swalloforswallo|2|$685.85| +|252|INVESCO EXCHANG/SOLAR ETF|TAN|z74al|2|$51.20| +|71|InVitae Corp|NVTA|emtvaikkajoku, CrackHeadRodeo|6|$28.43| +|228|ISHARES TR/GLB CLEAN ENERGY ET|ICLN|drheman25Q|1|$15.88| +|112|John B. Sanfilippo &amp; Son, Inc.|JBSS|chris011186|2|$89.24| +|171|JPMorgan Chase &amp; Co.|JPM|wrs97|1|$99.38| +|58|Jumia Technologies AG - ADR|JMIA|Jerund, souptrades, 7YearOldCodPlayer, CharlieBrown364, fortnitehead|7|$19.26| +|144|Kaleyra Inc|KLR|souptrades|1|$5.87| +|158|KEFI Minerals plc|LON:KEFI|Scipio-Africannabis-|1|$1.88| +|216|Kirkland Lake Gold Ltd|KL|New_username_|1|$52.58| +|238|Kroger Co|KR|bxkrish|1|$35.24| +|2|Lemonade Inc|LMND|br1ghtness, skkreet, hahadumblloyd|4|$66.84| +|15|Limelight Networks, Inc.|LLNW|cyberdex, thug_funnie|3|$6.10| +|63|Livongo Health Inc|LVGO|staniel_diverson, Raybay192, Drifter 1996, moveitover|22|$120.88| +|182|Logitech International SA|LOGI|CharlieBrown364|1|$73.03| +|217|LONZA GRP AG/ADR|LZAGY|Fuck512|1|$62.92| +|66|Lydall, Inc.|LDL|Henisockle|1|$20.89| +|191|Macerich Co|MAC|skvettlappen|1|$7.85| +|97|Magnachip Semiconductor Corp|MX|samtony234|1|$12.08| +|233|Mamamancini's Holdings Inc|MMMB|Jayesslee|1|$1.70| +|88|Match Group Inc|MTCH|BallinLikeImKobe24|1|$115.88| +|79|Maverix Metals Inc|MMX|AwesomeMathUse|1|$4.61| +|107|Maxar Technologies Inc|MAXR|Borne2Run|1|$24.74| +|221|Mediwound Ltd|MDWD|blueblade408|1|$3.91| +|34|Mercadolibre Inc|MELI|pontoumporcento|14|$1,193.97| +|161|Micron Technology, Inc.|MU|Wexoch|3|$48.75| +|253|Microsoft Corporation|MSFT|TBSchemer|34|$212.48| +|179|Millicom International Cellular SA(SWE)|STO:TIGO-SDB|joseph460|1|$245.50| +|116|Mills Music Trust Unit|OTCMKTS:MMTRS|ARGENT_UM_PUR|1|$39.00| +|10|Molson Coors Beverage Co Class B|TAP|howtoreadspaghetti|1|$37.27| +|170|Morgan Stanley|MS|wrs97|1|$50.35| +|127|Naspers Limited|NPSNY|Demandredz|1|$34.60| +|11|Nathan's Famous, Inc.|NATH|howtoreadspaghetti|1|$51.25| +|181|NCR Corporation|NCR|IAMBEOWULFF, fistymonkey1337|4|$20.11| +|211|NESTLE S A/S ADR|NSRGY|suburban_robot|1|$118.47| +|124|New Relic Inc|NEWR|Dalis_Ktm|1|$53.62| +|249|New York Mortgage Trust Inc|NYMT|ToKeepAndToHoldForev|1|$2.77| +|162|New York Times Co|NYT|jonhuang|1|$45.61| +|69|Nio Inc - ADR|NIO|makesalotofmoney, Carrera_GT, Charlie Brown364|3|$13.42| +|59|Nokia Oyj|NOK|perfectriot, LiabilityFree|52|$4.98| +|37|Novacyt SA|ALNOV|Snoopmatt|1|$3.60| +|254|Nuance Communications Inc.|NUAN|IwantmyMTZ|1|$29.48| +|13|NVIDIA Corporation|NVDA|TBSchemer, friedtea15|66|$447.98| +|198|NVR, Inc.|NVR|Linnake|1|$3,875.01| +|154|Okta Inc|OKTA|Bcr731|3|$208.23| +|160|Opko Health Inc.|OPK|CS1026|1|$5.63| +|100|ORSTED A/S/ADR|DNNGY|BrentfordFC21|2|$47.37| +|190|Otonomy Inc|OTIC|Unlucky-Prize|1|$3.56| +|46|Oxford BioMedica plc|OXB|arabidopsis|12|$850.00| +|121|Pacific Ethanol Inc|PEIX|adamtejot|1|$2.69| +|220|Pagerduty Inc|PD|throthrowth|2|$29.85| +|25|Pan African Resources plc|PAF|Fruity_Pineapple|2|$26.30| +|245|Paradox Interactive AB (publ)|OTCMKTS:PRXXF|I_worship_odin|1|$24.30| +|174|Patriot One Technologies Inc|PTOTF|DanReynolds|1|$0.73| +|148|Peabody Energy Corporation|BTU|aviatoraway1|0|$2.52| +|237|Peloton Interactive Inc|PTON|loosetingles|1|$68.30| +|188|Penn National Gaming, Inc|PENN|Calpool|1|$49.00| +|87|Pershing Square Tontine Holdings, Ltd|NYSE:PSTH-UN|5_yr_lurker|7|$21.08| +|31|Pharmacyte Biotech Inc|PMCB|DillieTheSquid|0|$0.01| +|47|Pinterest Inc|PINS|EthanPhan|10|$34.98| +|149|Planet 13 Holdings Inc|PLNHF|MMatter1|3|$2.67| +|43|Plug Power Inc|PLUG|lukwas_|4|$11.28| +|147|Polaris Infrastructure Inc|RAMPF|CaptainCanuck93|1|$11.50| +|120|Prologis Inc|PLD|ImPinkSnail|5|$105.07| +|250|PROSHARES TR/ULTRA MSCI JAPAN|EZJ|Necessary_Club_6714|1|$32.13| +|132|PROSHARES TR/ULTRAPRO QQQ|TQQQ|iggy555, Guiterrezjm6|5|$126.99| +|48|Proto Labs Inc|PRLB|JEesSs|3|$130.13| +|166|Purple Innovation Inc|PRPL|jloy88, CharlieBrown364, RemiMartin|6|$23.95| +|44|Raytheon Technologies Corp|RTX|anon2019L|21|$61.23| +|210|Razer Inc|RAZFF|ThatOneRedditBro|1|$0.22| +|32|Realty Income Corp|O|bushysmalls|5|$62.72| +|199|Redfin Corp|RDFN|shreddit47|8|$43.69| +|206|RENAULT S A/ADR|RNLSY|jw8700|1|$5.33| +|178|Retractable Technologies, Inc.|RVP|EmreCanPuns|1|$10.18| +|94|Rigel Pharmaceuticals, Inc.|RIGL|Gay_Demons|1|$2.58| +|203|Rite Aid Corporation|RAD|ManagerMilkshake|1|$15.05| +|12|Rocky Mountain Chocolate Factory, Inc.|RMCF|howtoreadspaghetti|1|$3.20| +|163|Schrodinger Inc|SDGR|TipasaNuptials, asianmarysue, RattleGoreBitcoin|1|$71.17| +|72|Sea Ltd|SE|scatterblodded, tradeintel828384839, thug_funnie, Meymo|16|$129.00| +|215|ServiceNow Inc|NOW|cookingboy|1|$431.21| +|189|Shiloh Industries, Inc.|SHLO|brainbroked|1|$1.40| +|82|Shopify Inc|SHOP|AwesomeMathUse|-1|$1,053.12| +|213|Sibanye Stillwater Ltd|SBSW|marqui4me|1|$11.39| +|231|Simulations Plus, Inc.|SLP|hellohi3|1|$65.83| +|173|SiTime Corp|SITM|drbh_|1|$58.92| +|248|Six Flags Entertainment Corp|SIX|EthosPathosLegos|1|$18.38| +|202|Slack Technologies Inc|WORK|AntwanDixon_|2|$28.95| +|51|SmileDirectClub Inc|SDC|meeni131|3|$9.05| +|49|Solaredge Technologies Inc|SEDG|m4r1vs|14|$211.47| +|27|Sony Corp|SNE|drorhac|13|$80.03| +|177|Sorrento Therapeutics Inc|SRNE|DowJonesLocker|1|$14.42| +|225|SPARTAN ENERGY /SH|SPAQ|bigsexy12|1|$12.36| +|40|Spirit Airlines Incorporated|SAVE|Matous_Palecek|0|$17.28| +|153|Spotify Technology SA|SPOT|_Hard4Jesus|0|$252.12| +|7|Square Inc|SQ|cuti95, ConstructivePlayer, Lfastrsx, jercky, CharlieBrown364|21|$147.22| +|1|StoneCo Ltd|STNE|GromGrommeta|73|$49.06| +|104|SunPower Corporation|SPWR|Hadouukken|1|$11.86| +|60|Sunrun Inc|RUN|FactualNeutronStar|2|$46.00| +|195|Switch Inc|SWCH|gce1010|1|$18.03| +|83|Taal Distributed Information Techs Inc|TAAL|AwesomeMathUse|1|$1.85| +|76|Taiwan Semiconductor Mfg. Co. Ltd.|TSM|Paks_12345, sogladatwork, BlissfulThinkr|13|$80.03| +|102|Tandem Diabetes Care Inc|TNDM|liao24|1|$104.15| +|169|Target Corporation|TGT|Kosher-Bacon|1|$131.75| +|26|Tesla Inc|TSLA|Skurinator, goldcakes, redmars1234, Drortmeyer2017|3|$1,452.71| +|137|TJX Companies Inc|TJX|princess-smartypants|3|$55.45| +|18|Toronto-Dominion Bank|TD|robbierox123|0|$45.77| +|141|TPI Composites Inc|TPIC|polwas|1|$28.81| +|53|Trade Desk Inc|TTD|all_hail_hypno, Kay312010|6|$493.20| +|106|TransMedics Group Inc|TMDX|DropoutEngy|1|$18.05| +|131|TransUnion|TRU|AndyCircus|0|$87.38| +|78|Travelcenters of America Inc|TA|jk_tilt|1|$17.27| +|226|Trevena Inc|TRVN|pacosteles|1|$2.38| +|243|Trulieve Cannabis Corp|TCNNF|grphelps1, Cucumber_Cooling|2|$18.83| +|38|Tupperware Brands Corporation|TUP|Scumbaggedfriends|1|$14.98| +|68|Turtle Beach Corp|HEAR|chancsc11|1|$18.37| +|62|Twilio Inc|TWLO|MarconianRex|8|$249.00| +|41|Uber Technologies Inc|Uber|DukeBD2021|-1|$32.90| +|96|Unibail-Rodamco-Westfield SE|URW|eams66|2|$42.44| +|125|Universal Display Corporation|OLED|niknikniknikniknik1|1|$186.51| +|64|Valero Energy Corporation|VLO|chickenandcheesefart|1|$52.66| +|133|Vanguard Total Stock Market Index Fund Admiral Shares|VTSAX|WackyBeachJustice|1|$82.67| +|135|Veeva Systems Inc|VEEV|JohnSpartans|3|$261.22| +|193|Ventas, Inc.|VTR|Unlucky-Prize|1|$41.52| +|57|VirnetX Holding Corporation|VHC|vyts18|2|$5.26| +|172|VMware, Inc.|VMW|kingbrow2020|1|$142.31| +|50|VolitionRX Ltd|VNRX|RiDDDiK1337|1|$3.35| +|91|Waitr Holdings Inc|WTRH|exstaticj|1|$5.15| +|14|Walker &amp; Dunlop, Inc.|WD|TBSchemer|0|$57.70| +|167|Walmart Inc|WMT|anthonyjh21|6|$129.97| +|30|Walt Disney Co|DIS|jadenmc2189, biz_student|6|$129.93| +|192|WELL Health Technologies Corp|TSE:WELL|Unlucky-Prize, IcemanVish|2|$4.49| +|105|Wells Fargo &amp; Co|WFC|yehdhbdjdjd|1|$25.07| +|240|Westinghouse Air Brake Technologies Corp|WAB|warman506|1|$67.23| +|42|Wizz Air Holdings PLC|WIZZ|Matous_Palecek|2|$3,412.00| +|157|Workhorse Group Inc|WKHS|VisionsDB|5|$16.52| +|89|Xebec Adsorption Inc.|XBC|Mug_of_coffee|3|$4.95| +|232|Xpel Inc|XPEL|Bkazzle|1|$20.06| +|212|Yeti Holdings Inc|YETI|boomwhackers|1|$50.40| +|136|Zagg Inc|ZAGG|ni_shi_shei|2|$3.98| +|56|Zoetis Inc|ZTS|BearBearChooey|19|$158.88| +I pay £7.42 per month for my plusnet plan (sim only, unlimited texts and mins, 3gb data) and this morning found out that there were deals on their website that gave more data for less money! Switching literally took 2 mins. Why didn't the bastards tell me? They'd been increasing my plans price steadily over the months while keeping the intro price the same for everyone else! And I could have switched back to the intro price at any time! + +Anyway, this is your reminder to check your plan once in a while +This is Part 4 of the series since I can't post too many pictures in one post. + +[Part 1: Major assets vs. GME](https://www.reddit.com/r/Superstonk/comments/vyv5xl/part_1_critical_margin_theory_shown_in_price/) + +[Part 2: The behavior of "normal" stonks](https://www.reddit.com/r/Superstonk/comments/vyv7u2/part_2_critical_margin_theory_shown_in_price/) + +[Part 3: Basket stocks in comparison](https://www.reddit.com/r/Superstonk/comments/vyv8ri/part_3_critical_margin_theory_shown_in_price/) + +[Part 4: Kenny's world is crumbling](https://www.reddit.com/r/Superstonk/comments/vyv9x4/part_4_critical_margin_theory_shown_in_price/) + +# Summery of Parts 1 - 3 & Introduction to Part 4 + +This is essentially one continuous post, that I had to split into 4 parts due to the limitation of the number of pics allowed per post. I highly recommend checking the other parts as well. + +We've seen how GME acts in relation to major assets and how it is prevented from crossing a certain price ratio, seen how "normal" stocks look like in comparison but also how other basket stocks behave. + +This is where things get spicy. + +The big question becomes: **Why** is GME prevented from crossing a certain price ratio with most major assets? And more importantly: Where exactly did Kenny get his lil PP stuck in this big ass jar of mayo? + +# Critical Margin Theory + +The answer is probably quite simple really. It can't just be explained by GME itself because in each of those charts there are **two** factors involved: GME itself and some other ticker that is **not** a constant. + +Since the second ticker in those charts is not a constant but a variety of different and (more or less) unrelated assets such as indices like SPY, QQQ, US2000, futures, crypto and what not there should **not** be such a connection for each of them with GME in the form of a line (=price ratio) that it clearly bounces off each time. + +The most logical explanation to this relation is probably the simplest: + +* They're all collateral for their massive short positions. When GME has a run up they risk having their shorts under water and getting margin called (the "critical margin line" apes have been posting). +* To kick the can down the road they either short GME back down (costly or digging their graves deeper with synthetics) and/or pump all those other major assets they are using as collateral to keep a certain ratio (also costly when others are cashing out due to an economic downturn). And yes many people noticed already that as GME went up (e.g. on positive news), the whole market suddenly turned green shorty after, even on negative global/economic news, such as yesterday. + +But is there a way to get a clearer picture of this? Let's have a look at... + +# Shitadel's portfolio of long positions aka collateral + +Well we can go back and have a look at individual stocks Kenny keeps in Citadel's portfolio of doom, see how they relate to GME and check whether we can see any connection there as well. (Disclaimer: due to the 20pic limit per post I'm not including all their longs but it's still a big chunk.) + +&#x200B; + +[AAPL\/GME](https://preview.redd.it/qg8xsq18zib91.png?width=1243&format=png&auto=webp&s=b056e5e1312f143947ad2e7978ac394f6a95523b) + +&#x200B; + +[ADI\/GME](https://preview.redd.it/d5fircodzib91.png?width=1243&format=png&auto=webp&s=70dfc535b7df2e5f4d7fe667fd0e0c12c5074506) + +&#x200B; + +[AMD\/GME](https://preview.redd.it/3rlkq7gezib91.png?width=1243&format=png&auto=webp&s=21d223236b25c76d4f8f10de873f5934fac4c9a3) + +&#x200B; + +[AMZN\/GME](https://preview.redd.it/w0sk5abfzib91.png?width=1243&format=png&auto=webp&s=19cf7f7e90b98aacbad219fb1d3f168fd939fac7) + +&#x200B; + +[BABA\/GME](https://preview.redd.it/b0knvn3gzib91.png?width=1243&format=png&auto=webp&s=b0470308b0c3e598f44f2dd994628dce8f5822ce) + +&#x200B; + +[DHR\/GME](https://preview.redd.it/jv69o9zgzib91.png?width=1243&format=png&auto=webp&s=10835cb8b068c451e7d48cc7f5c82241043ed7fe) + +&#x200B; + +[KO\/GME](https://preview.redd.it/o13av1vhzib91.png?width=1243&format=png&auto=webp&s=4eb583889e63023461b2f2e90308d9a76af7bd67) + +&#x200B; + +[LOW\/GME](https://preview.redd.it/jqjp84zizib91.png?width=1243&format=png&auto=webp&s=a0c15693864e9ccb95a21b6dab75f7bd8ef5816d) + +&#x200B; + +[MCD\/GME](https://preview.redd.it/amvd1fujzib91.png?width=1243&format=png&auto=webp&s=f8d802f9cd4109ae6f472aac070db997e43b95f3) + +&#x200B; + +[MSFT\/GME](https://preview.redd.it/luqteihkzib91.png?width=1243&format=png&auto=webp&s=3f12cbf724cd2eac6cd1d5dd24bd41f90f1e1f3f) + +WELL FUUUUUCK ME, all of them play along. All of them display this clear as day trendline, which should not be happening naturally when putting several completely differing and disconnected stocks in relation to GME. + +Again: kind of similar charts **are** to be expected since one of the two factors is always the same. But an obvious trendline, which again in this case means a "price ratio", across so many different assets should **not** be there. Unless there is a connection between all of them. Which in this case we already kind of knew there is. Meet Kenny. + +# But Kenny's world is crumbling... + +It will be interesting to see how long they can keep this up for and avoid getting margin called. Just take another look at the SPY/GME chart again (see part 1), which after all is representing both the broader market as well as being one of Kenny's longs: Yesterday was the first day since June 8th 2021, where we visibly broke through the trendline. Unsurprisingly they pushed us back up a hair above the trendline just before close. I assume because Kenny was afraid of Marge or something? + +Anyway, as you see in Kenny's charts of continuous pain above, these hold quite well for now (or are just right at the trendline). But from Kenny's longs there are also quite a few that have already broken through that trendline. Big names even, where some are listed in the SPY, which also explains why SPY/GME is also on the verge of crossing. Take a look: + +&#x200B; + +[CRM\/GME](https://preview.redd.it/hhkhd2303jb91.png?width=1243&format=png&auto=webp&s=9b78230aaab81eab5c78f259e3cbce339f4e8ffa) + +&#x200B; + +[GE\/GME](https://preview.redd.it/tya5cp813jb91.png?width=1243&format=png&auto=webp&s=f129c1297510d74da643e4c03649300eedc69dfe) + +&#x200B; + +[GM\/GME](https://preview.redd.it/li9003f53jb91.png?width=1243&format=png&auto=webp&s=295298671110100b64e86581028716642b477c4d) + +&#x200B; + +[GOOGL\/GME](https://preview.redd.it/ndy1drm63jb91.png?width=1243&format=png&auto=webp&s=aacd6a9b84f6f4a4714d9484ecc0409d92dc7bbf) + +&#x200B; + +[META\/GME](https://preview.redd.it/b442ap283jb91.png?width=1243&format=png&auto=webp&s=4c091c8534b05f1b47b847733452106aa46384c3) + +&#x200B; + +[NFLX\/GME](https://preview.redd.it/er485z593jb91.png?width=1243&format=png&auto=webp&s=c1584f5d12744c758605b8b642149c5804e2adee) + +&#x200B; + +[NVDA\/GME](https://preview.redd.it/y8lodv0a3jb91.png?width=1243&format=png&auto=webp&s=c7c744ec8a2ea1f2503d974a6e9cfa6765d08c3b) + +&#x200B; + +[SNAP\/GME](https://preview.redd.it/buc7403b3jb91.png?width=1243&format=png&auto=webp&s=28320a65edb922fb44352ae4c00a5c5b2482c5dd) + +&#x200B; + +[UBER\/GME](https://preview.redd.it/zpwi38zb3jb91.png?width=1243&format=png&auto=webp&s=9d19239974dea19a0e534a25de76e52946471639) + +# Conclusion + +Tick tock Kenny. I see some dead collateral of yours and some that is about to be crossed by GME as well. + +It's a trust me bro moment I reckon, but I have a feeling as u/ultrasharpie also pointed out, that when we truly cross on the SPY/GME chart, shit is about to hit the fan. And to jack your tits some more, if we continue to push through it this week, this will more than likely also coincide with pushing through the bull flag we're currently trading in the normal GME chart. Whoops MOASS or something? + +Well that or they manage to short GME back down again. But with the NFT marketplace, splividend, FOMO and who knows what kind of announcements are about to be dropping soon, I have a feeling Kenny is already starting to choke on his mayo. + +# + +# Edit: The casino is open + +Lets have a look at SPY/GME just after market open. + +[SPY\/GME crossing. Wen Marge call?](https://preview.redd.it/j1sqdzygijb91.png?width=1243&format=png&auto=webp&s=8bab79c35023367c80e0eb768cf1fb58d9ae376e) + +Whoopsie... Also checked some other assets like Bitcoin and they also crossed today. So MOASS is tomorrow. Unless it's today. +There’s a ton of content prescribing that 20-somethings purchase rental properties but not a lot telling them how to talk to a bank, how to find a tenant, how to find a decent contractor, how to find several decent contractors, how to handle getting sued by your tenant, what to do when anything on the property breaks and you’re negative on that month’s revenue, etc. + +It really is crazy that people like Grant Cardone have gotten away with this for so long. The realities of being a landlord are never mentioned by any of these people. It’s completely irresponsible and a sign there’s way too much money in circulation when these cowabunga dumbasses can say it’s a good idea with a straight face. + +Edit: I didn’t even mention the absolute hell that being trapped in a bad mortgage is, and you’re *trapped.* +Another man down. Seems as though he’s deleted his account. I have no idea why. I always appreciated his wise words, even if he could be a little emo sometimes. Let’s all take a moment of silence for u/Vanguer and u/Supplyanddemandguy +Is anyone here actually making money trading Forex? Reliably and long term? + +I've tried so many (technical) strategies and each of them failed backtests longer than 1 year. I had to "fit" them to the failing year and then they failed the previous and the next year, etc. etc. + +From my daily observations the markets sometimes react to news with big moves (like the EURUSD and Italy vs the EU recently) which should make them predictable to a degree, but more often than that they move for no obvious reason at all. It seems to be completely random. So altogether I just don't see a way how anyone can make consistent long-term gains in Forex. + +What is predictable about Forex? +I know very little about economics and am curious how the majority of those educated in economics vote. I'm particularly curious what you guys think the economic outcome of the whole ron paul / ayn rand philosophy would be because I have a few friends waving that flag pretty high at the moment. It seems to be getting pretty popular. I'm not looking for a debate. I'm sure there are arguments going in all directions and I don't have the education to go there. Just an independent voter trying to gather good info., or even just a good book to read for a basic understanding. Thanks. +BTW, I thought I posted this correctly about an hour ago, but it doesn't look like it. If this is a repost, my mistake +Could this all be covered by simply raising taxes on the super rich or would we have to dip into the military budget and/or hunt down corporate tax evaders too? +&#x200B; + +The SEC has a long History of being corrupt. These guys are dug into the financial system like ticks and they have zero regard for ethics. Lets look at the Madoff investigation. The SEC had thousands of complaints about Madoff over a span of 8 years. Harry Markopoulos, a competitor of Madoff, left his job to investigate. He compiled hundreds of documents and clear cut math to prove that Madoff was running a multi-billion dollar ponzi scheme. He was ignored by the SEC and the press. + + + +https://reddit.com/link/rprt08/video/pluwnwlt64881/player + + + +I looked into a few people and read through the document from the Inspector General David Kotz, who investigated the SEC. He Resigned after because it was found that He violated conflict of interest rules by investigating people he had personal relationships with. + + + +Document: [https://www.sec.gov/news/studies/2009/oig-509/exhibit-0022.pdf](https://www.sec.gov/news/studies/2009/oig-509/exhibit-0022.pdf) + + + +The gross conflicts of interest Did not stop there. + + + +**1.** **Arthur Levitt – Chairman** + + + +https://preview.redd.it/6tj7uixy64881.jpg?width=1170&format=pjpg&auto=webp&s=8773fa2cda3af8cdb3c9020c350b0c726e89244b + + + +He was Forced to Resign. + + + +**2.** **Lori Richards - Director of the Office of Compliance** + + + +https://preview.redd.it/0keuymtz64881.jpg?width=1170&format=pjpg&auto=webp&s=5e1b75fdb1a4b9a6ab6822646d43ea202f85c736 + + + +I couldn’t find the clip so I used a snippet from the trailer of “Chasing Madoff” to introduce to you this gem of a human being. + + + +&#x200B; + +https://reddit.com/link/rprt08/video/en8ayzv174881/player + + + +She was with the SEC for 24 years. She was forced to resign after Madoff investigation and went to work for PWC between 2010 and 2013. Then she went to JPMorgan Chase as the Chief compliance Officer for 4 years until in 2018 she became a board member for…. Drum roll please… The Financeial Industry Regulatory Authority (FINRA). + + + +https://preview.redd.it/meczrbq874881.png?width=1169&format=png&auto=webp&s=9b1aab1484b46e5563641cba4c8c392007190d9c + +https://reddit.com/link/rprt08/video/hi0nlzvc74881/player + + + +**3.** **John Andrew McCarthy – Associate Director under Lori Richards** + + + +John Left the SEC briefly to work at Knight Capital, a firm we are all familiar with. He was questioned on why he left the SEC to work at Knight Capital because Knight was being investigated by the SEC for an “execution issue.” + + + +https://preview.redd.it/oo4wn16o74881.jpg?width=1170&format=pjpg&auto=webp&s=baf9422f02400d3a8d57e85ce71de76fd78d12cd + + + +What I found interesting was what he did AFTER he resigned from the SEC. + + + +https://preview.redd.it/0qwvkacq74881.jpg?width=1170&format=pjpg&auto=webp&s=afb09bb6d408d451b1281a0b33e566ab95095964 + + + +He stated that he went to work for “Getgo LLC” so I searched and found nothing. Then In my research I stumbled upon this: + + + +https://preview.redd.it/dv2lkc5r74881.jpg?width=1170&format=pjpg&auto=webp&s=55ce0015f0cb6d842c8f00d1733e0da0cf4ea48c + + + +Someone did a DD on S3 Partners and found that Getco merged with KCG. I searched KCG for board members and employees and here you go: + + + +https://preview.redd.it/rc9rbbjs74881.jpg?width=1164&format=pjpg&auto=webp&s=aa816e3b7d4092bef1dadce563eca13d4fd3ac31 + + + +It was a typo in the Inspector Generals report. + + + +I stumbled upon an article that may be related. The CTO of Goldman Sachs worked with John McCarthy at KCG between 2016 and 2017 before he left a high paying job to go to PharmaCann. + + + +https://preview.redd.it/jvu8l09u74881.png?width=1169&format=png&auto=webp&s=3d263cd31198ea9955e22e0f6327718707bb61f5 + + + +PharmaCann has plans to go public this year. + + + +https://preview.redd.it/3x3e0q2v74881.jpg?width=1170&format=pjpg&auto=webp&s=148cf7260589ffaa604d210d0aee32cde5e73480 + + + +This Gives me serious Bain Capital Bust out the competition vibes. + + + +[https://www.reddit.com/r/Superstonk/comments/np33hr/amazon\_bain\_capital\_and\_citadel\_bust\_out\_the/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/np33hr/amazon_bain_capital_and_citadel_bust_out_the/?utm_source=share&utm_medium=web2x&context=3) + + + +Especially after looking at Tilrays Chart. + + + +This Brings me to the “meme stock basket theory.” + + + +[https://www.reddit.com/r/Superstonk/comments/p37osl/are\_futures\_or\_swaps\_the\_secret\_sauce\_to\_price/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/p37osl/are_futures_or_swaps_the_secret_sauce_to_price/?utm_source=share&utm_medium=web2x&context=3) + + + +You can draw your own conclusions on weather or not this relates to GME, but I think it does. + + + +After all of the research that has been done by members here and sent to the SEC I am sure they are well aware of it by now. Even Lori Richards is on the board of FINRA, another regulatory body. Why haven’t they done anything about it? + + + +&#x200B; + +https://reddit.com/link/rprt08/video/ov60zd5284881/player + + + +They could have shut down Madoff in a Day, but it took them almost a decade. The kicker? Madoff TURNED HIMSELF IN when the market crash happened in 2008. The SEC didn’t bring him down. History doesn’t repeat but it sure does rhyme. + + + +https://reddit.com/link/rprt08/video/j2uv95x684881/player + + + +The countless complaints we have submitted with solid math and evidence don’t matter. We are not considered a “credible lead” by the SEC. They will ignore us. Directly Registering your shares to remove them from the DTC is the ONLY thing we can do. WE ARE ON OUR OWN. + + + +https://preview.redd.it/eax00knk84881.jpg?width=1170&format=pjpg&auto=webp&s=5598b813575f9236c72236ab4c91b957f9a58cdf + + + +As you can see, the SEC handles whistleblower complaints very arbitrarily. + + + +Also, I did not look into Eric Swanson from the SEC. Theres more research to be done. + + + +NOT FINANCIAL ADVICE. +**Part 1 – Anatomy of a Short Squeeze** + +Pick the first thing you can think off – let’s say, bananas. Then think of any characteristic of that banana, lets say “size of bananas”. I can assure you that, if you plot into a graph the size of every banana in the world, you would get a Gauss (normal) Distribution for that characteristic. + +“μ” (mu) is the middle point, which is the most common size for bananas. + +&#x200B; + +[Statistics says your banana is average in size](https://preview.redd.it/5ao72bwmkls61.png?width=567&format=png&auto=webp&s=70209b33d48b9ac0eea3ef16f251fd58049ac1e9) + +What the Gauss Distributions refers to is the probability of finding that characteristic or behavior in your sample – So you can say that if you pick a random banana in your local supermarket, the probability that it has size “μ” is \~40% for all bananas in the world. \~65% for the size ranges from μ+σ or μ-σ, and so on. (mu plus/minus sigma) + +This is true for a lot of characteristics, natural phenomena and even **human behavior**. + +You read it right, “human behavior”! A lot of companies evaluate their coworkers in a Gauss Distribution normalized way. Yes, this means that you, me and most of us are average in most things in life, including our jobs. + +&#x200B; + +[You're average. Don't worry, everyone else is.](https://preview.redd.it/o9zz367okls61.png?width=567&format=png&auto=webp&s=e07d0d17d4d8d07fc3ab80f9d20749216da28f40) + +But Gauss Distribution have derivatives and there are other Statistical Distributions that better represent specific phenomena. What do you mean by derivatives? + +Lets go back to our study case with bananas - Say you plot the size from every banana in Europe, then you plot every banana from Africa, then America, Asia and Australia. What would you find? + +&#x200B; + +[Banana Size from each Continent](https://preview.redd.it/qkqodk7pkls61.png?width=320&format=png&auto=webp&s=aa585077a5a493b211e8e062ef9bb1425bb8a927) + +What this means is that different groups may have a different baseline for a common characteristic, or that in some groups that baseline is more or less prominent. + +In the above plot, it is more common for Bananas from “Yellow Continent” to have diferent sizes, while most Blue bananas are the same size and green bananas are commonly smaller than everyone else’s banana (in this chart, μ or X is the size of bananas) + +Does this mean that everything in the world - characteristic, phenomena or behavior - is rule-based and can be plotted into a graph? The answer is yes! Besides some known random Chaotic phenomena (check **Chaos Theory**), and even those phenomena are predictable to some degree of certainty. + +[https://en.wikipedia.org/wiki/Chaos\_theory](https://en.wikipedia.org/wiki/Chaos_theory) + +Think about this… You have free will right? But if everyone’s combined free will (actions and behaviors) is predictable, so is it really free will? + +Enough with philosophical issues – we are here for the tendies! + +**So what does that mean for the Anatomy of the Short Squeeze?** + +So now you ask, is the stock market predictable? Yes it is. That is why you have Technical Analysis, Indicators, common and known behaviors. However, it is also chaotic in some degree, lets say… Apes not selling crashing GME stock – completely unpredictable so you can consider that diamond handed apes are a chaotic variable. + +**So is the short squeeze plot predictable**? I believe it is, and it will resemble a Gauss Distribution or a derivative like Exponential or Log-Normal Distribution, which is more applicable to stock market behavior. + +Now that we know that behavior is predictable, lets analyze the “timing of sale”. + +So when the squeeze starts, most of us will be diamond handing this into hundreds of thousands, even millions, but then our free will breaks, predictable human behavior starts to kick in and we start selling. + +&#x200B; + +[\\"You Have No Free Will\\" Graph](https://preview.redd.it/h2dnl6oqkls61.png?width=566&format=png&auto=webp&s=65c8b7431e6db917e4e22b4a902c834f5d393f01) + +So does this mean 50% of us will sell after the peak and lose money because the first 50% apes sold higher during rising or at the peak? **Yes and no**, but I’ll leave this to “Part 2”. + +This means most of us will sell at a specific point in time and that point it time is probably when the share price starts to flatten. + +If everyone was holding exactly 1 share of GME and there was, let say, 1% to 100% short interest ratio: + +1. If price is rising, **demand is bigger than offer** (Shorters are trying to buy more volume than apes are selling) +2. If price is flattening, **demand is equal to offer** (shorters are buying the same volume than apes are selling) +3. If price is decreasing, **demand is less than offer** (shorters are buying less volume than apes are selling.) + +So if you oversimplify market operations, like everyone having a 1 share cap of GME and long/short positions being the only variable affecting price, the squeeze plot graph would mirror the “You have no free will” graph – A beautiful Gaussian Normal Distribution. + +But remember, market is predictable but also chaotic, there are dozens of possible operations and variables that affect price fluctuation, so what do you end up with? + +&#x200B; + +[Is this a Gauss Distribution? ](https://preview.redd.it/zd0s8x0skls61.png?width=476&format=png&auto=webp&s=7784ed7729125abe93f254c939f0035025d429c6) + +“But hey, this is not a Gauss Distribution!” – this is just chaos in buy orders and sell orders. + +Well, lets remove the chaos of the market, like option executions, 1 person putting 100.000 volume orders, price manipulation through HFT – How do we do this? By averaging every past price variation, you remove the outlayers (the chaos in this beautiful, predictable and normalized universe). + +Lets add 2 Moving Average indicators with 20 and 50 period to the 1H candle graph. + +&#x200B; + +[The Wonderfull Gauss Distribution at the 50-period MA indicator](https://preview.redd.it/da55vfmtkls61.png?width=566&format=png&auto=webp&s=2addc50ec70b531dda0883451e31b5876d3b7c09) + +**BEAUTIFUL** – Look at those MA plots - Even in chaos there is predictability. As you can see, when you zoom out and remove the outlayers, the GME January gamma squeeze follows a wonderful Gauss Distribution pattern. + +This is what I believe will be the **Anatomy of the Squeeze** – It will be a bumpy ride to the top, the peak doesn’t matter, because you’ll be trading around the peak for days or weeks, what truly matters is the beauty of the Gauss pattern. Remember to zoom out, 1 to 15 min candles will feel like you are a mouse in a fishing boat during a seastorm – Remember, you are Atlas, you’re Poseidon, **You Are The Storm**. So do not paperhand yourself because there was a 30% dip and the day closed in red. Next day it will peak even higher. + +&#x200B; + +**Part 2 - Why No Ape Will Be Left Holding The Bag** + +Now you know how it looks. But **how big it will look?** + +Lets recap our previous assumptions to remove Chaotic variables and behavior, so we can plot a squeeze on top of the “You have no Free Will” Gauss Distribution graph: + +1. One share per shareholder +2. No complex operations +3. No additional variables besides long/short positions +4. Paperhanded Humans own +100% of float +5. Short interest is around 13% of the float + +&#x200B; + +[Short squeeze plotted in blue on top of predictable selling behaviour, or the \\"You have no free will\\" Graph](https://preview.redd.it/d7xzb0sukls61.png?width=566&format=png&auto=webp&s=b604dca13e16f1712e63189871a1e4d2e5001c00) + +Why does this happen? Short interest is low, so as soon as most humans start paperhanding, stock price will stable, and even start going down. + +**This is important -> I believe at more than 100% SI, Shorts won’t cover at peak, Shorts will even out their demand with the available offer and cover at the end of the short squeeze.** + +Now the funny part! Lets add some chaos: + +Remove Paperhanded Humans and add Diamond Handed Apes: + +&#x200B; + +https://preview.redd.it/34hlav5wkls61.png?width=273&format=png&auto=webp&s=48518fb2d99ebdfd23bdfedcefaa52ec646b99d9 + +Apes are strong, apes know that bananas are valuable so they set the price they want! The problem? Short interest is low, so while some apes will sell at 1M or 10M, a lot of apes will be selling at 100k or less, which is sad for every ape, because SI will even before or during the peak. + +Lets add MORE Chaos. + +Say we have 300% short interest ratio... Remember, price is a function of volume demand and offer. + +Can you guess what will happen? Yep, even after most Apes sell their shares, demand for volume is still high, because at this point short interested will probably be above 20, 30, 100% who knows?! + +&#x200B; + +[Red plot shows that no ape can stop this rocket from bending spacetime into oblivion](https://preview.redd.it/usqwubdxkls61.png?width=264&format=png&auto=webp&s=a13c631d4707d8c33d10043f188a1abb238a1182) + +**I think most apes will sell after the peak**, because with short interest ratios above 300% and float ownership of retailers close or above 100%, apes alone cannot satisfy the demand for shares, and someone will have to intervene to stop this madness from bending spacetime and crush the universe. Some other DDs where published regarding actions to avoid price going into infinity - go read them. + +Now add all the remaining Chaos into the graph above and you’ll end up with a bumpy, infinite flight to Andromeda that will eventually fall because someone/something will put a break on it. Remember it will flatten out for days/weeks, so the peak won’t be a peak, but more of a field. + +And everyone will probably short GME again like crazy so the ride down will probably be a bitter faster than the ride up. + +So looking at this, what should ape do? + +**Just hold…** + +**If your price is 1k congrats, you’re the rarest of apes, the μ-5σ, the 0,01% that waited 6 months for the train to leave, only to leave the train when it started moving.** + +**If your price is 1M/10M/100 Million you just have to wait, because the probability of you selling at whatever price you decide is probably close to 100%.** + +**Remember, 1 share at a time, after the peak…** + +This is just a thought experiment on statistical analysis without any numbers to backup my amateur plots. If you feel Gauss Distribution is not the proper one for this analysis, let me know. If you crunch some numbers and end up with a different or similar conclusion, please let me know as well. + +TL;DR: Statistics can predict everything besides chaotic variables. Apes are Chaos. You’re already a millionaire, you just have to wait. + +I’m not a financial advisor and you should decide what’s best for you in your financial decisions. + +Edit1: thank you for the comments and awards. I have to reiterate that this is a thought experiment with unreal assumptions like 1 share/shareholder. What I meant to show is that if diamond handed apes sell later than paper handed humans it will push the price higher. Also, if you assume SI is of the charts, the MOASS average graph will skew to right and overlap the apes selling, but at the expense of institutions and insiders not selling. As stated in previous DDs it is unlikely that insiders, ETFs and indexes sell. But no one knows about institutions and whales. They can sell, but since HF-fuckery could have send SI% into infinity, in theory the last share, being hold by the last ape could be the one needed for the last short to cover. Not once in history there was so much SI% and diamond handed apes together, so I’m excited to see how far will the rocket go. 🚀 Be prepared - Read your exit strategies DDs, learn about Moving averages, macd, volume, and you will enjoy the ride to the peak instead of being in FOMO and paper hand earlier. + +&#x200B; + +Edit2: Pictures were embeded after edit 1. I believe its ok now +I got a voicemail from Chase the other day instructing me to call them back at a number to "verify online activity". I had made a large transfer between accounts the day before, so it wasn't completely out of the blue. I googled the phone number. Nothing official from Chase came up, but I found a forum post of people confirming it was indeed a Chase number. + +So I called it, waited on hold, and then was greeted by a rep. They asked me for my name, SSN, and birthdate. After nervously giving those out, they asked why I was calling. Uhh, shouldn't they know that? They looked over my notes and said they had to send me a verification code before proceeding futher. + +They asked me for my cell number to send the code (shouldn't that already be in my account? If not, what is sending a code even accomplishing?). I also was wary because this is a common scam to gain access to your account as scammers try to log in. I received a code from a number that had previously sent me a verification code for a *different* financial institution. That old text message said "Agents will NEVER ask you for this number." Something definitely felt wrong, so I hung up. + +I tweeted to Chase support and they confirmed that is a legit Chase number (their fraud department, ironically enough). This time I called them back on their official number, that agent confirmed they had contacted me about my transfer, and they re-connected me to that department. I went through the same verification again (SSN, birthdate, text code) and we resolved the issue. + +Still, it's crazy to me that this is an official protocol from a major bank, which basically mirrors all the warning signs we tell people to look out for. +Please please please for the love of Harambe do not use a market sell. Expect all kinds of fuckery by the SHFs and market makers. Using a market sell can cause algo’s to pick it up and use a fake out bid to snag your shares for a much lower price than what you should be getting. + +I was running through my exercises of mentally preparing for the MOASS and this scenario was playing out. I’m the kind of person who hopes for the best but I like to imagine worst case scenarios happening. Thought I’d help spread the word in case anyone forgets. I know this should be common knowledge at this point, but a reminder every once in a while isn’t a bad thing. + +Stay safe out there you sexy apes. See you on the moon soon! 🚀🦍🚀 +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +&#x200B; + +[Remember this post? Yeah. It still holds true today. ](https://preview.redd.it/f5dbd6hwyfz61.jpg?width=1440&format=pjpg&auto=webp&s=bbab73a2b2c2d0f9a956604ee7bdcf04ee143f25) + +# A Few Reasons Why a $20,000,000 Floor is Possible. + +If the following statements are true, then a $20,000,000 floor must also be true: + +**Statement 1: Apes own the float. There is no doubt about that.** + +* If Fidelity transferees own 19 shares each, they’d own over 100% of the shares that should exist. + * Source here: [https://www.reddit.com/r/Superstonk/comments/nbku8x/if\_fidelity\_transferees\_own\_19\_shares\_each\_theyd/](https://www.reddit.com/r/Superstonk/comments/nbku8x/if_fidelity_transferees_own_19_shares_each_theyd/) +* Across all online brokers, if apes own only 5 SHARES EACH on average, which is a severe underestimate, then we own the float. + * Source here: [https://www.reddit.com/r/Superstonk/comments/mxrdcb/updated\_dd\_i\_did\_the\_math\_there\_is\_literally\_no/](https://www.reddit.com/r/Superstonk/comments/mxrdcb/updated_dd_i_did_the_math_there_is_literally_no/) + +**Statement 2: The amount of shares Hedgies have shorted is MORE THAN the total amount of the float and very possibly even the total amount of outstanding shares.** + +* Just take a look at these SI calculations. Even conservatively, the SI is at 218%. I'm not even going to type the not-so-conservative percentages. + * Source here: [https://www.reddit.com/r/Superstonk/comments/nc1lny/ive\_estimated\_the\_current\_si\_based\_on\_the\_si/](https://www.reddit.com/r/Superstonk/comments/nc1lny/ive_estimated_the_current_si_based_on_the_si/) +* Even if you don't believe in the SI estimations, you know what will be SOLID PROOF of shorts being more than the float? The proxy votes results. So why don't you just sit back and relax? + * Want some hype? [https://www.reddit.com/r/Superstonk/comments/nb590g/the\_gamestop\_from\_rc\_tweet\_is\_right\_next\_to\_the/](https://www.reddit.com/r/Superstonk/comments/nb590g/the_gamestop_from_rc_tweet_is_right_next_to_the/) + +**Statement 3: When a margin call happens, Hedgies have to buy back EVERY SHARE they have ever shorted.** + +* This is simply a factual statement. There is literally no doubt in that. + +**Statement 4: It stands to reason that for the above reasons APES NAME THE PRICE.** + +* More specifically, only a SMALL PERCENTAGE of apes need to sell at $20,000,000 for the price to be $20,000,000. Remember the geometric mean? Warden can sell at whatever price he wants. As long as say, 5%, of apes sell at $20,000,000, then the price WILL be $20,000,000. + * More on geometric means: [https://www.reddit.com/r/GME/comments/m9td6w/estimations\_for\_the\_total\_payout\_of\_gme\_based\_on/](https://www.reddit.com/r/GME/comments/m9td6w/estimations_for_the_total_payout_of_gme_based_on/) +* You know what this means? This means that even if 95% of apes fall for FUD (which is almost already impossible), the price will STILL be $20,000,000. + +**Statement 5: It is in every ape's best interest that they sell with a floor of $20,000,000.** + +* When you align your interests with the interests of those you have a similar end goal with, then beautiful things can happen. And in this particular case, the interests of apes are definitely aligned. + +**Conclusion: So yes, a $20,000,000 floor IS VERY POSSIBLE and it very much WILL HAPPEN.** +To not think about money will help remove greed, fear, moving stop loss, moving take profit, soo many great things will happen. + +I’m trying my best to just apply the trade set up and that’s it. Very hard to do but I believe once you get to that mindset it would be pretty awesome. +**TL;DR** - Promotions to the S&P MidCap 400 have had cumulative mean returns of +9.7% from the time of announcement to the implementation of the change. Like with everything, there is no guarantee that this will occur, however, considering the typical price movement upon announcement AND effective change date, and the relative weight of GME to the indices’ total market cap (read: very little difference), my tits are jacked to the MAX. + +**Introduction:** + +The promotion from the S&P SmallCap 600 index to the S&P MidCap 400 is a VERY different animal than the promotion that GME had from Russell 2000 to Russell 1000. There was never any evidence that showed any potential price movement as I wrote in my previous post, [Watch out for Overhype on Russell 1000 inclusion: It may not affect stock prices as much as we hope](https://www.reddit.com/r/Superstonk/comments/o7qbds/watch_out_for_overhype_on_russell_1000_inclusion/). + +However, THIS time, there is significant data for the S&P promotion that indicates significant movement in the price of stock that face promotion on BOTH the trading day following the announcement (in the case of GME, July 28) and the effective date of the implementation of the change (in the case of GME, August 4) + +**What has happened to other stock in the past?** + +If a stock is promoted from the S&P SmallCap 600 to the S&P MidCap 400, the day after announcement sees an average of +6.7%. On the effective change date the promoted stock sees an average of +5.7%. Promotions to the S&P MidCap 400 has had CUMULATIVE abnormal returns of +9.7% from the time of announcement to the implementation of the change. From about 50-75% of the price movement that occurs up through the implementation date is PERMANENT and doesn’t revert back to pre-movement numbers. + +**What does this mean for GameStop?** + +Since the typical cumulative returns is roughly 10% over the course of a week between announcement and implementation, this could provide the price pressure that might ignite the fuse for MOASS. + +Look for strong positive movement tomorrow, July 28th, then again on August 4th. If this price pressure and visibility of the promotion to the S&P MidCap 400 affects volume, even a little, this has a strong chance to be the catalyst we’ve been waiting for and beat the average positive price movement that has been seen in the price. + +Unlike the promotion to Russell 1000, we will not be significantly net negative in total shares added by ETFs hinged on the S&P indices, which means we will NOT see the same downward pressure that we saw in the Russell promotion. The relative weight of GME to the total market cap of the indices indicate very minimal change in overall shares. And if the jackedness of my tits can be included as an indicator of GME price movement, then we are ready for launch. Buckle Up! Let’s GOOOOOOOOO!!! + +**Reference Docs** + +[GXO Logistics, Victoria's Secret & GameStop Set to Join S&P MidCap 400; Strategic Education, World Fuel Services & Lakeland Financial to Join S&P SmallCap 600](https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20210727-1426761/1426761_4xpo6lb4wri64spin2.pdf) + +[S&P MidCap 400 Factsheet](https://www.spglobal.com/spdji/en/idsenhancedfactsheet/file.pdf?calcFrequency=M&force_download=true&hostIdentifier=48190c8c-42c4-46af-8d1a-0cd5db894797&indexId=410) + +[S&P SmallCap 600 Factsheet](https://www.spglobal.com/spdji/en/idsenhancedfactsheet/file.pdf?calcFrequency=M&force_download=true&hostIdentifier=48190c8c-42c4-46af-8d1a-0cd5db894797&indexId=2239) + +[Stock Price Effects of Changes in the S&P MidCap 400 and the S&P SmallCap 600 Indices](https://www.academia.edu/1590715/Stock_Price_Effects_of_Changes_in_the_S_and_P_MidCap_400_and_the_S_and_P_SmallCap_600_Indices) +Much like everything on reddit, this sub tends to be quite US-market-focused, while there is a world of wealth out there in other markets (ones I, personally, know far less about). + +Any thoughts on the LSE? Or European markets? Japan? Finland? heck... South Africa? +Two weeks ago I made a post about my plan to sell ZIM prior to the dividend and buy back later for a cheaper price. So... how did that go for me? + +**The ZIM Dividend** + +For those not watching ZIM, it is an Israeli shipping company that makes an insane amount of money. It currently trades at $73/share and earns about $14 per share. Per quarter. + +They recently paid a massive $17 per share dividend which went ex-div on March 22nd. I sold my entire ZIM position the week before the dividend and bought it back (plus some more!) in the week after. How'd that go for me? + +**The results:** + +I was able to buy back my entire position for less than I sold it for. I sold 7,374 shares for an average price of $83.61. I bought 10,000 shares later for an average price of $71.65. The difference was $11.97/share. This was disappointing and quite a bit less than the dividend. However, in post-tax terms I think I will come out even or slightly ahead. Unfortunately for me, ZIM (like the market) went up a lot during the week before the dividend. If the opposite had happened, I would have come out way ahead instead of even. + +**The good:** + +The nice thing is that I am already fully invested in ZIM before other people get their dividends. I expect ZIM to run up a lot after April 5th when people get their dividends and reinvest it back in ZIM. + +**The bad:** + +I was really hoping for a better price differential. + +**The ugly:** + +This was really scary for me. On the day after ex-div, ZIM raced from $74->$78. I stood my ground and didn't chase the price, but if it had continued going up I would have been forced to buy at a higher price or miss out on my opportunity to repurchase ZIM. This could have led to huge regret. + +**Would I do it again?** + +I'm not sure. Probably on the smaller dividends. Sometimes a $2 dividend can lead to a $10 drop in stock price which recently happened with Eagle Bulk Shipping. The $17/share dividend was so huge it caused a lot of strange distortions. So many people shorted the stock for technical reasons that the borrow rate hit 300% at one point. Volatility was high. Next year, if there is another $17 dividend, I'll probably just hold through it. +There is little I learn from Buffet today but continue to reread his statements and advice as a guideline for how I should conduct myself as an investor. The advice to never lose money, expect investing to be very boring and control emotions has helped me to keep the right mindset and know that I’m investing, rather than gambling and calling it investing. I am nowhere near wealthy and, if I lost all of my money, can make it back within one year simply by working. But this is a mindset that, if learned now and enforced over time, will bring me some degree of financial success. + +Just my thoughts while I cannot sleep. I won’t say why, but international events (not financially related) have kept me awake. Please stay safe and healthy +Hey all! + +I have started Damodaran's valuation course on youtube. In one of his lectures he cites a study that buy recommendations are given 9x more frequently by analysts than sell recommendations. In an effort to combat this overwhelming positive sentiment in stock market websites, I'd like to read bearish views on stocks I am researching. Hopefully, these views will broaden my perspective and bring up points I haven't considered. However, I am finding bearish cases really hard to come by. Does anyone have any resources or websites to recommend? +Hello all - this is a genuine question...but I am expecting downvotes. + +From Investopedia - Value investing is an investment strategy that involves picking stocks that appear to be trading for less than their intrinsic or book value. Value investors actively ferret out stocks they think the stock market is underestimating. They believe the market overreacts to good and bad news, resulting in stock price movements that do not correspond to a company's long-term fundamentals. The overreaction offers an opportunity to profit by buying stocks at discounted prices—on sale. + +So as an example, Halloween candy goes on sale right after Halloween. So before Halloween the candy is trading at $4, but I believe it's really only worth $2. So if all I care about is buying candy at a discount, I would wait for the price to drop after Halloween. Doesn't that mean I am timing the market? + +You may come up with an intrinsic value through fundamental analysis which drives your decision of whether to purchase a stock, but you still need to wait/time the market until that stock price reaches what you believe is a good trade. + +If you really like a company to the point where you will buy it at any price and hold for 10+ years (so not taking time or price into account at all), wouldn't this by definition not be value investing? +We (39/40) are in the lucky position of being not too far from FatFIRE and still at an age where we could try for another kid (already have two). We like kids and think another sibling would make our kids and us happier in the long run. + +At the same time, the thought of going through another 3 years of stress and sleep deprivation with a newborn/toddler is painful. And it would probably delay our exit / enjoying fat perks (like extensive travels) for a couple years. + +Has anybody been in a similar position and and can describe how your decision making process has played out? Also, if you decided to take that route, what strategies have you used to leverage your stash to alleviate some of the downsides in the early phase? + +Also curious if anybody has experiences with family additions through adoption in the FatFIRE phase. + +Thanks! +How to Overcome 3 Tricks Car Salesmen Use to Take your Money. + + +Purchasing a vehicle from a dealership can be an anxiety inducing experience. What I discovered was that the number one emotion women felt when considering buying a vehicle was ANXIETY followed by uncertainty. In this article we will review 3 tricks that dealers and car salesman use that cause this anxiety and uncertainty. I will teach you how to overcome these feelings, and become immune to the tricks. + + The worst thing that can happen to us as consumers is purchasing something and quickly regretting it. This is called buyer’s remorse and it is a terrible feeling. Why? Well you just spent $20,000 and you are married to a monthly payment for 3-6 years. I do not want this happen to you! The following tips are designed to prevent you from being pushed around by the salesman and to ease your mind of worries in regards to overpaying. + +#1 ~ Emotional Manipulation + +During my car salesman days, we were taught many subliminal tactics to get customers interested in vehicles. One is emotional manipulation. The reason salesmen often insist on test driving is to get you to create a sense of ownership in your mind. “Ma’am take a seat, adjust the mirrors, now adjust the seat until you are comfortable . Go ahead and turn on your favorite radio station and flip back the sunroof.” Is your heart beating faster and you excitement increasing? You are unknowingly getting excited and your mind is taking mental ownership of this nice new vehicle. That awesome new car smell isn’t helping either is it? That feeling of euphoria is a very human response. They are counting on you to feel this way. + +What happens next is quite primitive. As our excitement builds, the emotional part of our brains begins to take over. When this happens, we are much more likely to make a choice based on emotions. Have you ever heard of dogs that go crazy and get scared during lightning and thunder storms? I had an adorable shizu dog that would run miles away when thunder rumbled the house. RIP Bootsy. During these storms the logical part of his brain would turn off and the emotional part would take over. In this case fear dictated my dog’s behaviors. Much like my old boy Bootsy (my mom named him btw), this happens to us when we take mental ownership of a new car. The budget we set and the price we wanted are now more likely to be negotiable. + +**How to overcome trick #1 “Emotional Manipulation”** + +Be mindful of your emotions. Simply being aware of this tactic beforehand and how our mind/bodies will respond is a half of the battle in not making a poor emotional based decision. I always recommend that we sleep on it. My rule of thumb is to never make a large purchase the same day. This isn’t the same as picking up a Snickers while in the checkout line. This is a 5 figure purchase that we will be married to for the next 3-6 years. Be smart, go home, sleep, and revisit it the next day when your mind has had a chance to tend to other matters. + +#2 ~ Pushing you towards Payments + +After the test drive we will be directed to go inside, sit down, fill out our contact information, and discuss the price. Car salesmen are taught to negotiate the payment with us instead of the price of the vehicle. This has two benefits for them. 1) Making an affordable payment is relatable and gets your mind off of the actual price. We end up paying more this way. (See Ex1 at the end for a math based scenario) 2) The interest rate and the length of the loan can quickly fall into the background with this payment focused presentation. The payments method works because we are more likely to digest the affordability of a a monthly payments versus the 5 figure sticker price. Over six years, a $100 dollar increase is not that much, but by doing the math it will add on $6K to the total price - wow, that's mind-blowing! See below how Customer 1 saved $4,200 by focusing on a $70 lower payment. This is worth repeating...A $70 monthly difference saved $4,200!!! + + + + +**How to overcome #2 “Pushing you towards payments”** + +Tell the salesman up front “I am not interested in going over payments right now, let’s stick to the price of the car out the door.” You must be proactive here. A skilled salesman may even give you a rebuttal of “well ma’am, I just want to make sure you get something that is affordable and fits your budget”. Just smile at your new adversary and politely say “While I appreciate your concern, I have all of that figured out, please just get me the out the door price”. (Make eye contact and smile for added value and enjoyment). They will get the picture. You want the individual price of the car and that is what you want to negotiate. You have now become a formidable opponent. You have now indirectly saved yourself hundreds if not thousands of dollars by directing the negotiations down this road. (See Ex1 at the bottom for a math based scenario on why this works) Also, the out the door price is the price of the car plus all of the fees that the dealer adds on. Better to know sooner than later what fluff fees the dealers will add. + +#3 ~ The Finance Office + +After a price has been agreed upon, we are sent into the finance office. Here you meet the Finance Manager. This person finishes your paperwork, gets you financed (or takes your check), and offers you products to protect your new vehicle. This is where even the toughest buyers lose. Why? They lose because their guard is down. When we agree upon a price, we get a handshake and a congratulations. Usually the sales manager gets in on this as well. You give out a big sigh of relief. In my sales days, I will never forget this one customer who was an excellent negotiator. He knew what he was doing and worked us down to a super low profit. He clearly was prepared and this resulted in the dealership making around $100 on the car (Nice job!). What happened next really opened my eyes. He ended up paying $4500 on the warranty and GAP products as well as accepting an interest rate 2% higher than he should have. (explanation of these products below in Example 3) All of the money he had just spent his energy and time saving was washed away in the finance office. Customers let their guard down when a price has been reached with the salesman. Don’t let this happen to you. Being aware of yourself and the situation is half the battle. + +I want you to know the background of the Finance Managers and how they get that job. It’s not by going to business school and majoring in Finance. They get there because at some point they were the top car salesman in the dealership selling 20+ cars a month. That is part of the car sales business ladder. It takes a different set of skills since they are selling an intangible product. You can’t put your hands on a warranty or an interest rate. Therefore it takes a higher degree of sales skills to be successful here. They are the best at what they do and that is why they get paid the big bucks. + +The first move when we enter the finance office is to make us feel comfortable. Let’s nott let his smile and firm handshake fool us. He has one clear goal. Convince us to buy what he has. He doesn’t make as much money otherwise. He will once again show us the NEW payments if we were to purchase products A, B, or C. They make money in 2 ways. The first is by increasing the interest rate we are charged. They borrow your loan money from Bank A for 3% and charge you 4%. The dealership gets a part of that and the Finance Manager gets around $500 per % point he charges us. See Ex 2 to see how a 1% increase can cost you well over $500. The second way they make money is by selling us the company warranty or gap products which can vary drastically. + +**How to overcome #3 “The Finance Office”** + +As before, we want to ask for the total price of the product we are interested in. It really is a personal preference whether you want any of these or not. I personally have and never will get any of them even if they do add free oil changes. Don’t let my stance deter you though because there are some amazing packages out there that add free oil changes for years. Be ready to pay a little extra than you would normally though. The convenience is worth it for some. (See example 3 below for more information on products and how to get the best deals.) Next if not already done, we want to clarify what the interest rate is. + +Good luck! I hope that this information will allow you to walk into a dealership with confidence. I hope this was helpful for you and will aid you in saving hundreds, if not thousands of dollars on your next purchase. + +www.iwillteachyoutosave.com ~ My site + + +**Example1** + + We are purchasing a $25,000 car. Let’s say we go in wanting to pay $22,000. +The salesman comes out and says you can choose from a payment of $460 or $391. “Which one works better for you sir?” Do you see what he did there? He changed your $3000 price reduction to a payment and asked you a question directing you to pick from HIS two options. Many people lose here. They say they like one of the payments and lose OR they say they negotiate and say they want to be at $350 a month. The salesman takes your $350 request to his sales manager, they come back at $360 (They always come back higher). Great. Car is sold. Let’s do the math though. You wanted to be at $22,000. By accepting $360 you just paid $23,000 for that vehicle AND you have no idea what the interest rate is. The lesson here: Keep things simple and stick to the vehicle price first. When that is settled THEN work on payments. + +**Example 2** + +A $23,000 car loan for 72 months at 4% ~ You will pay $25,920 over the life of the loan assuming you pay 72 normal payments +A $23,000 car loan for 72 months at 3% ~ You will pay $25,200 over the life of the loan assuming you pay 72 normal payments +That is a difference of $720 +Know your local credit union or banks rates before you finance a vehicle. + +**Example 3** + +Be familiar with the products BEFORE you go into the finance office. + +GAP Insurance: http://www.bankrate.com/finance/insurance/car-gap-insurance-is-it-right-for-you.aspx +Extended Warranty: http://www.consumerreports.org/cro/magazine/2014/04/extended-warranties-for-cars-are-an-expensive-game/index.htm + +The $4500 example above was many years ago. Competition in the warranty market has increased and they are much less expensive nowadays. Still, do your homework and check around. Credit Unions often offer much cheaper products that do more if you finance with them. Companies like State Farm Insurance now do auto financing and will give you GAP for FREE if you finance through them! My credit union charges $349 for GAP. Dealerships charge $750 and above. I hope you can appreciate the value. + +Edit: Editing + +Let me know if this is helpful. I want to start a website / course on car buying. Any feedback is appreciated. + +Edit2: Holy Shit, i love Gooohohohohooold. Front page:) Thanks Reddit for confirming I'm on point with the writing and material. You have given me the confidence I need to continue my journey with this stuff. There really is a problem/opportunity with an industry that triggers so many negative emotions just at the THOUGHT of it. + +Edit3: Disclaimer: there are MANY honest salesmen and dealerships out there. This was written to be informative not to put anyone down. The problem is the decade long stigma the industry has created in our minds. I find that being polite, persistent, and educated on rates and prices has gotten me the best deals. And to all the butthurt ppl commenting that this is all bs, read the comments, these are a testament to how ppl feel about the industry. Don't hate the player +Why does it seem like there is some sort of feud between economics and sociology. I often hear people say "I don't believe in economics I believe in sociology". I would say it feels more one sided with people in sociology disliking people in economics. Where did this start or am I just imaging this? + +Edit: Articles like this one is what I'm talking about [https://www.nytimes.com/2017/03/17/upshot/what-if-sociologists-had-as-much-influence-as-economists.html](https://www.nytimes.com/2017/03/17/upshot/what-if-sociologists-had-as-much-influence-as-economists.html) +I wanted to see what the consensus is in terms of purchasing LEAPS on stocks like Apple, Amazon, Microsoft, google, or spy now when stocks are down and then running the poor man’s covered call strategy against the long call, and if no why not. Thanks in advance. +Put away your credit card. Don't buy crap you don't need, unless it's something you've really needed and been ogling for a long time. + +And for the love of fiscal sanity, do not go into debt for great deals on Amazon Prime day. It's not a good deal if you're paying it off for a year. +# Free education for all Ape Nation! 🦍🤝💪 + +&#x200B; + +https://preview.redd.it/1p4btnw142571.jpg?width=600&format=pjpg&auto=webp&s=c7fd2a7cbc2894176a1b768ae39ff5c89e978111 + +&#x200B; + +New to Superstonk? Been here a while, but have a question, and at this point you're too afraid to ask? Well bring it here! + +&#x200B; + +&#x200B; + +https://preview.redd.it/6br4csoy32571.png?width=786&format=png&auto=webp&s=48570348631daee7ea999e1c924ce5e671943b26 + +&#x200B; + +Ook Ook!! +Hello fellow Apes! + +I am making this post as it appears no Apes caught this recent lengthy piece from SEC Commissioner Hester M. Peirce. This is a very lengthy piece, and I cannot fully navigate all of it myself, but I did see a bit that stuck out to me in particular. [Here is the link](https://www.sec.gov/news/speech/werewolves-of-change) for the full read if you'd like to give it a go, and the piece I'm putting beneath this is from the very end of the page. None of this is financial, or legal advice, I'm just an ape that found the crayon and was able to read (barely). If any smooth-brains, or wrinkle-brains have any other input please provide it! + +>*I suspect that* ***many of you are wondering what other changes you have to look forward to under the new leadership at the SEC and other agencies****. I share that interest and look forward to hearing Chairman Gensler set out his priorities for the coming months. Market events, of course, will dictate some of the agenda.* ***The staff is working on a report about the events related to meme stock trading earlier this year, and some regulatory initiatives may come out of that work****. Similarly, as we understand more about the* ***failure of Archegos Capital Management, discussion about regulatory changes might be appropriate****. As usual, commentators have gotten a head start and have identified a number of regulatory responses, including possible regulation of family offices and* ***enhanced disclosure requirements for synthetic stock positions created through the use of total return swaps and possibly other derivative instruments****. Determining which proposed regulatory response will develop momentum is hard, and resisting that momentum once it has started is even more difficult. Let us not assume, as regulators so often do, that there is a problem and that since something needs to be done, any “something” will do.* ***Let us instead carry out the necessary analyses to determine whether there is a problem that market participants cannot resolve on their own****.* +> +>***Preventing family offices from losing their fortunes is not in the category of problems that the SEC needs to step in to solve. I am much more interested in expanding access to our capital markets so that less well-heeled families can build their fortunes. Similarly, the mere fact that trading desks at some financial institutions lost a lot of money should not cause us a great deal of concern as long as their activity was consistent with our rules. The very nature of trading in the financial markets means that trading desks occasionally will lose money.*** +> +>*Financial regulators do have a legitimate interest in risk management at regulated entities, and it may be worth exploring whether there were problems in this area that need to be addressed. But even here, such* ***events inevitably serve as lessons for risk managers*** *(underscored by the demotions and firings that followed the Archegos failure),* ***but they need not serve as justifications for more regulation****.* ***The counterparties of market participants like Archegos have the strongest incentive to get their risk management processes correct and to determine whether those processes have weaknesses that need to be addressed. I encourage you all to take this responsibility seriously, to identify weaknesses, and to work to remedy them.*** +> +>*Thank you for the chance to join you today. I would be happy to take your questions now.* ***More importantly, looking forward to a road that is likely to be rich with regulatory change, I extend an offer to you to talk to me about how we can make that road smoother. The goal is to achieve the intended objectives without unnecessarily inhibiting the ability of our markets to achieve their objective of serving people. Working together appropriately to adapt the regulatory framework to market developments, I am sure that we can keep the werewolves at bay.*** + +Interpret this however you decide, **$25,000,000 (25 million)** is my **mother fucking floor**. 💎🙌 +I have to pay 6 figures in taxes next year. I am a new business owner. Business is going very well. I have the the money in a business account. + +My fear is that it will lose value do to inflation. + +Help? + +My ideas so far: +1. Leave it all in the bank, &amp; pay taxes with it next year + +2.Invest it into low volatility index funds. + +3. Invest into a dividend aristocrats + +4. Yolo GME calls. (This is a joke. I use humor to ease my stress) + +Thanks in advance for your help and support. +Think about it, it’s the morning of the MOASS. The premarket opens, not much happens. You think it’s just another day of sideways trading. Then all of a sudden the spike happens. It hits $350 in a matter of seconds. $420. $500. $750. $1000. + +The adrenaline rush kicks in, suddenly you need to take a seat. You’re dizzy. You take a drink of water and go back to watching the ticker climb. You call off work for the rest of the day. + +$10,000. +You log on to /r/superstonk, 500,000 people are online. Confusion and excitement floods the sub. The memes are off the charts. + +$50,000. +You’re in disbelief, but you’ve known for months this would happen. The countless hours you’ve spent reading DD were right. You’ve done your best to prepare for this moment. Now you’re wondering how high will this actually go. + +$100,000. +The balance between the 1% and 99% are beginning to teeter. Suddenly the mega rich are fearing for their wealth while dumb money is becoming multimillionaires in a matter of hours. + +$1,000,000. +A few days go by. You quit your job. You begin to realize you’ll never have to work another day in your life. You won’t have to fight and slave away anymore at a job that doesn’t appreciate you. + +$10,000,000. +A week passes. You’ve found generational wealth. Your friends, family, children, will never have to work another day in their life. Euphoria takes you. + +$25,000,000. +You’ve probably sold a few shares. You’ve secured generational wealth. You quit your job, you hug your significant other and tell them to pick out their nicest outfit because you’re going to drop $10,000 on dinner tonight. Now it’s time to decide on what your ultimate vacation destination is. + +$50,000,000. +You’ve sold a few mores. Now you’ve left the remaining bit in the infinity pool. How far will this actually go? It doesn’t matter, you have more money than you will ever need. It’s time to return some of that wealth back into the community. + +I can’t wait for tomorrow. + +Edit: As others in the comments have pointed out, only sell on the way down! This blew up a lot more than I anticipated! +Getting a long megabus this morning. + +Young Junior Doctor here + +Thought I'd kick it off with what methods do you guys use for frugal living? + +I'll start off. + +1) I occasionally go to the local small co-op and tesco (about 10minute walk away) to buy reduced goods at 8pm. I get loads of sandwiches, packets of sushi, meat etc for 70% off! With a busy job I'm terrible at meal prepping (which is my next goal to achieve) so I get some variety and cheap ready food for work the next few days. + +2) Rarely ever buy lunch at work. I always take some protein powder and fruit incase I feel extra hungry and that always helps with hunger levels and energy levels way more than tucking into some fish and chips from the cantene! + +3) I don't drive. I try to live close to public transport. Everyone drives now a days so I can always just chip in for petrol and carpool. This has its big draw backs when I myself want to go to IKEA or any other random place. But the odd taxi here and there is still way cheaper than MOT, insurance, maintenance, petrol etc. + +Would love to hear all your thoughts and insights! With inflation hitting highs, salaries arnt going up much. I wanted to try and get everyone 2cents + + +EDIT: I think its crazy that as a junior doctor I'm posting on here for frugal tips. But our salaries are effectively going down, hours are going up and I take care of my parents who have low incomes. What a world we live in! I really feel for anyone on lower incomes. + +My parents joint household income was around 25k / year growing up. The 4 of us lived well! But I don't know how that would be possible now! +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! + +Asmongold is currently streaming on twitch with 100k viewers. They are coordinating to remove peoples spaces and they keep hovering around Superstonk. WE MUST NOT LET THEM WIN!!! This is your call apes! Apes strong together. Do not let these nerds overtake our space!!!! +I'd like to leave school with literally anything in my savings. I pay for college with loans and day to day stuff by myself. I have a job and I would love to work on budgeting. Is this a good sub for me to ask questions even though I'm super privileged? +To get straight to the point. As you all know already, we are unable to DRS due to being under their custodial crap! The fact that we don’t even “own” these shares.. + +DRS is the only play, “our” shares on etoro or “brokers” alike are doing absolutely nothing, apart from feeding these SHF.. just take a look at fidelity now. +So the question… + +SHOULD WE SELL AND BUY BACK ON IBKR STRAIGHT AWAY? OR ON A PLATFORM THAT ALLOWS US TO DRS? + +There is a huge amount of RCs children on etoro and if they managed to get it DRSd that would for sure lock the float! + +I know some may hate the idea of selling but do we even own the shares in the first place to be worried about that selling or not we do not own the full rights to the shares + +“Talk is cheap, it takes money to buy whiskey” + +Use this as a place for a civil discussion, no hate… just teach and inform! + +**EDIT- so for all the apes and apettes that have been trying to find a solution for DRS.. there’s been 2 main solutions.. BUT please remember this is not financial advice in any way i failed my maths and English GCSEs 3 times in a row, Im not one to take advice from ive bought the peak every single time! Okay u get the point! + +Solution 1) if you do have money left, it’s a safe play to start buying from a broker that allows Transfers to DRS even getting 1 or 2 down to play safe and not to miss out on a possible NFT special (speculation ofc) but hold what you have on etoro + +Solution 2) now this solution should be taken with a pinch of Salt .. which is to set up on a new broker (IBKR etc etc) and re buy there… HOWEVER and it’s a big HOWEVER… I personally feel we need to dig into etoro a lot more before any THOUGHT of selling of any amounts happen! WE DO NOT WANT TO SELL IF WE DONT HAVE TO!! REMEMBER THAT OKAY! But with there being a discussion whether they even hold our shares.. that’s what we need to find out before this takes place.. AGAIN.. RESEARCH FIRST BEFORE U TAKE APPROPRIATE ACTION! + + +We need to set up a campaign not just ppl on etoro but all apes to get ETORO TO ALLOW US TO TRANSFER!! Any ideas on the best way to go about it please leave a comment below all ideas welcome! + +APES STRONG TOGETHER!! 🦍💎🙌🏽 + +***Editt*** an ape has put forward something he’s found take a look and see what you get from it.. could be big might not be TAKE A LOOK 👏🏼 https://www.reddit.com/r/Superstonk/comments/r6p1y7/uk_apes_assemble_has_the_answer_been_in_front_of/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf +My wife and I are both professionals with professional school debt and a mortgage on our home. We have a perfect four month old daughter who is scheduled to start daycare in a couple weeks. + +I make right around $100k/year. My wife makes about $65k/year. We both have amazing retirement benefits. + +She's madly in love with our daughter and has made it very clear she doesn't want to go back to work. It's very sweet, but I'm worried it is a bad financial decision. I've crunched the numbers and we could do it. It'd be really tight, and we'd have to give our Roth's and other savings considerably less until our school debt is paid, but it could be done. + +But to be honest, I don't think I want to take the life style hit. I want to take our family to Disney World, put my girl in private piano lessons, and maybe even save for private college. And I don't think my wife realizes the sacrifices we would have to make to get by on one salary. + +Any advice about this Reddit? How should I be approaching this? How should we make this decision? + +Thanks for any help! + +EDIT: + +Can I edit a locked post? Thanks all for the help. This is a tough call, I love and respect my wife and my child, and there's a lot to go in to it. To all the trolls saying, "poor baby, you make a lot of money." I get it. I'm very lucky to have these sorts of problems. This is a tough decision and I'm taking it seriously. +I trade the US session, since the market closes at 4pm EST, I’ve found there’s a lot of volatility the last hour of the US session before it closes, which is 12-1pm for me since I’m on the west coast. + +I have started to notice that I have been doing really well that last hour and not as consistent trading other times. Do you guys trade one hour exclusively if that’s what works for you? I’m not sure if I should just disregard all the other times and just focus on that hour. Let me know what you think +I had put aside \~£50k in the UK over the last couple of years to buy a house. + +However, due to COVID, my life circumstances have changed and I left the UK to temporarily relocate to Italy. + +I will probably relocate by next winter to Switzerland and I need to decide what to do with this money. + +I am not very knowledgeable when it comes to the market and investments, however, I do know that in Switzerland there is tax exemption on the stock market with only a minimum capital tax being applied. + +My question is, given that I would like that money not to be eaten by inflation or sitting still in my UK account, what options do I have? + +* Keep them in my UK bank account and invest there (what would be the benefit to keep them in the UK? What are tax implications if I am a Swiss resident). +* Transfer them to a Swiss bank account (will probably lose a \~£500 fee in the process if I move the money with TransferWise) + +I know these are really broad questions, but I would like to have an idea of where to move them, and then: + +&#x200B; + +* What to invest them into? I am risk-averse and haven't built up a pension pot yet (I am in my early 30s), happy to have that amount invested for 5-10 years, but would be helpful to be able to access it in case of extreme emergency. +* I would love to invest in a property, but from my initial understanding Swiss market is quite prohibitive and a lot of people never join the housing ladder and rent for life. +* Buying in Italy would be equally tricky as I wouldn't know the local market and not sure I want to get into that level of bureaucracy. +* Buying in UK at this point is out of the question as I would need a mortgage, which I wouldn't probably qualify for if I move out (also housing price is really inflated considering the quality of built). +# Brett Harrison answers Superstonk's questions about the Gamestop partnership, crypto, ownership of assets, the FTX platform, and the future of finance! + +# [Youtube Link](https://youtu.be/pbjQHt73NKg) + +[Gamestop FTX Partnership](https://investor.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-ftx) + +What is [FTX](https://about.ftx.us/)? + +**FTX.US** is a brand new US-regulated cryptocurrency exchange, built from the ground up. Their mission is for FTX.US to grow the digital currency ecosystem, offer US traders a platform that inspires their loyalty, and become a market leading US cryptocurrency exchange over the next two years. + +**Brett's Bio** \- Prior to joining FTX US, Brett was Head of Semi-Systematic Technology at Citadel Securities, where he managed technology for the firm’s Options, ETF, OTC, and ADR trading globally. He began and spent the majority of his career at Jane Street, where he led the firm’s algorithmic trading system development. He also previously worked at Headlands Technologies as a senior software developer. Brett received his M.S. and B.A. in Computer Science from Harvard. + +[https://twitter.com/Brett\_FTX](https://twitter.com/Brett_FTX) + +^(\*thanks to) [^(u/Doom\_Douche)](https://www.reddit.com/u/Doom_Douche/) ^(for recording) + +^((shoutout to) [^(u/rimjeilly)](https://www.reddit.com/u/rimjeilly/) ^(for reaching out to him! Here's) [^(their post)](https://www.reddit.com/r/Superstonk/comments/x9mjre/mods_ftx_brett_replied_to_me_and_agreed_to_an_ama/) ^(showing Brett's response)) +Hello everyone, +I work as a veterinary technician in Washington State and have been working full time in my field for 3 years now. The small animal clinic I'm currently at I've been working at for 14 months now and haven't had any problems until about 1 month ago. 1 month ago we got a new manager who every single week once I've hit 40 hours asks me to clock out but stay and continue to work. Every time he has asked me this I've told him I have no problems with working extra hours but I won't stay and work without pay. I've already brought this up with the clinic owner and she has taken no action and has only claimed she would talk with him. I've brought it up with her twice now the last time being about a week and a half ago. I assume she has yet to take any action because he continues to ask. When my manager asked if I would stay and work (yes, without pay) after hitting 40 hours earlier today he seemed visibly upset after I said no. Which is making me start to wonder if my job is at risk because of this. I've already contacted and sent my resume out to other possible employers to prepare for a worst case scenario but I was wondering if anyone else has been in a similar situation and has any recommendations on what I should be doing differently. +It looks like everyone is obsessed with mega caps and large caps when it comes to their dividend selection but there is a lot of value in small cap space where you can see a nice yield at a reasonable price. Of course these require more research and some digging under the surface but people rarely talk about them. You'll be surprised how many good dividend stocks you'll find in small cap space and how many of them have been raising their dividends for many years not to mention continuing to grow their business. +I bought a bunch of T when it was around $30 planning to hold it long term for my dividend portfolio. Two quarters later, they then sold all their media holdings and stock tanked to $28 and they will probably stop paying out so much in dividends from what I heard. Should I sell now and cut my losses? Or do I hold, hoping for a rebound and that they will keep high divvies? Any advice appreciated. +I had to cut my hair and get serious again just like 07. Attend some meetings. Pause some plans. Down maybe 40% but I knew things were frothy and I'm heavy tech, China and cannabis, all of which were destroyed. Envisioning more of the same in '23 but nothing lasts forever and there have been no noticeable lifestyle downgrades. i have found stoic philosophy and an 'embrace adversity' mindset to be particularly helpful in maintaining equanimity so no mood impact although I do admit kicking myself for some overly optimistic decisions. +So I'm finishing April as my first profitable month. I should be thrilled about this but, I feel flat. I'm trying my best to Be upbeat about about it. Let me explain... + +I went live with my account at the beginning of this month. I put in £800 and I grew it to £1,060 within the first 2.5 weeks. I felt great that all my work was coming together and I was seeing consistent results. + +Then...emotions took over, I took a couple of losses. Went off track on my plan once or twice and my confidence took a turn for the worst, which amounted in more losses. I admit I overtraded and let discipline fall as I wanted to get back to the figure I was at. + +So I made a choice today, stop for the month. Take a week break come back after the Bank Holiday. Re energize and understand how I could have prevented this. + +Overall my account is at £900 so I'm up £100 for my first real month trading, just over 10%, I should be pleased with this but I feel deflated like I've let myself down. Once upon a time I dreamt of having my first profitable month and now I've had one it feels completely clouded by my stupid errors. + +Hopefully a small break will do me good. Has anyone else had a similar experience? Did a break help you if so? +I see a lot of NOOBS and new traders here and you all remind me of myself about 5 years ago. I stuck with forex and put more effort into it than almost anything in my life. I am now doing this full time for myself and for others. I just want to say that it is possible to become profitable just keep working and learning and that the FX market is not irrational or evil or mystical. Taking a big picture view of the market will help you to become more confident. + +So what I wanted to share with you all today is yield spreads as these are a way to step back from the technical picture of the chart and to get a bigger picture of the market. **The bond market is the most important part of the financial market for fx and should be tracked daily** + +A yield spread is simply the difference between two different bond yields ex US2 yr vs AU2 yr spread. Just something that people new to forex would not really ever think of incorporating because it involves the bond market (of every country whose currency you are trading). The sooner you graph this you will be able to see one market getting ahead of the other and can trade accordingly. + +good luck out there guys + +Indexes are being shorted +ETFs are being shorted +And GME is so dry, you don’t even have to scroll thru level 2 marketing to see large ask prices. + +Edit to add; more banks creating more liquidity. I think it 6 out of 7 of the major American banks(?) + +Edit again: crypto is NOT falling out of the sky, there was a simultaneous drop when I was writing this, I apologize for the confusion. + +Calm down. If you have a share you will make more money than you had before. Enjoy the ride. No matter what, the stock is currently undervalued. No matter what, you’ll make more than you’ve invested. Don’t let the FUD sow division in apes. The price is whatever apes hold til. There is no we. But if all apes hold tight, who knows what could happen, this isn’t called the MOASS for no reason. No one has ever done this before. Even Rensole said he could be 100% wrong. + +Relax, light up, sit back and enjoy the ride. Your life will change if you just sit tight and allow yourself to observe this moment in history. Don’t worry, be happy❤️ +I've been writing an app to use the TD Ameritrade API in Python to do some trading, and while trying to figure out authentication I found [this guide](https://www.reddit.com/r/algotrading/comments/c81vzq/td_ameritrade_api_access_2019_guide/). Needless to say, the thought of people rolling their own OAuth clients to access a service that could potentially bankrupt them made me... nervous. I instead used a standard OAuth library to do authentication and make requests, and I thought I'd share my auth code with you all so you don't have to suffer through doing it the hard way. Without further ado: + + def get_client(secrets_path): + 'Returns an OAuth client, using the given path as a secrets store' + # Find you + API_KEY = '<Your API Key, AKA Client ID>@AMER.OAUTHAP' + REDIRECT_URI = '<Your Redirect URI>' + + import os + import pickle + from requests_oauthlib import OAuth2Session + + # Load old token from secrets directory + token_path = os.path.join(os.path.expanduser(secrets_path), 'token.json') + token = None + try: + with open(token_path, 'rb') as f: + token = pickle.load(f) + print(token) + except FileNotFoundError: + pass + + # On failure, fetch a new token using OAuth and Selenium. Unfortunately TD + # only supports the webapp workflow, so we have to open up a browser. + if token is None: + from selenium import webdriver + from selenium.webdriver.chrome.options import Options + + oauth = OAuth2Session(API_KEY, redirect_uri=REDIRECT_URI) + authorization_url, state = oauth.authorization_url( + 'https://auth.tdameritrade.com/auth') + + # Open a Chrome browser to take the credentials + chrome_options = Options() + user_data_dir = os.path.join(secrets_path, 'chrome') + chrome_options.add_argument("user-data-dir={}".format(user_data_dir)) + with webdriver.Chrome(options=chrome_options) as driver: + driver.get(authorization_url) + + # Wait to catch the redirect + import time + callback_url = '' + while not callback_url.startswith(REDIRECT_URI): + callback_url = driver.current_url + time.sleep(1) + + token = oauth.fetch_token( + 'https://api.tdameritrade.com/v1/oauth2/token', + authorization_response=callback_url, + access_type='offline', + client_id=API_KEY, + include_client_id=True) + + # Record the token + def update_token(t): + with open(token_path, 'wb') as f: + pickle.dump(t, f) + update_token(token) + + # Return a new session configured to refresh credentials + return OAuth2Session(API_KEY, token=token, + auto_refresh_url='https://api.tdameritrade.com/v1/oauth2/token', + auto_refresh_kwargs={'client_id': API_KEY}, + token_updater=update_token) + +This code opens a Chrome webdriver to take your login info, listens for the redirect, records the result, and fetches a valid token. It then returns an OAuth session configured to automatically refresh the token, which is something that guide above doesn't actually show you how to do. + +It also handles saving and restoring the token from the given directory. I **highly** recommend password-protecting that directory, since anyone who gains access to it can do whatever they want with your money. On Mac OS, I recommend [creating an encrypted disk image](https://support.apple.com/guide/disk-utility/create-a-disk-image-dskutl11888/mac) to store your secrets and unmounting it whenever your code isn't running. + +As for how to use the returned session, here's an example of how you'd use this to get quotes: + + import json + client = get_client(secrets_path) + resp = client.get( + 'https://api.tdameritrade.com/v1/marketdata/quotes', + params = {'apikey': API_KEY, 'symbol': 'AAPL'}) + resp = resp.json() + +Hope this saves you a ton of frustration! + +(Needless to say I’m offering this code on a strict “use at your own risk” basis. I offer no guarantees it’s correct or useful in any way, so please don’t come after me if it crashes your computer or causes you to lose all your money) +#DUE DIDDLYGENCE ON DUSK + +ASX:DSK +Share price: $3.63 SOI: 62.2M MC: $226M + + +#Why should you care + +- Capital light business with strong cashflows + +- Scalable business model with low ROCE (see two points down) on new stores + +- Experienced management with full performance hurdles incentivising management to grow EPS by 15% per annum and total shareholder return by greater than 15% per annum + +- Good reinvestment opportunities (stores cost ~$210,000 to open and the average first year return is $281,000). Therefore, payback period is **less than 12 months** + +- High gross margins and a differentiated business model + +- Relatively low evaluation on an EV/EBIT and EV/FCF basis + +- Tailwinds heading into 2H FY2021 from AUD/USD exchange + +- No debt, $35M cash representing 56c of cash per share + + +#Why could this be mispriced + +- Recently IPO’d in November 2020 when there was lots of positive vaccine news + +- Market believes this is just candles, however, candles only make up 34% of total sales. The other 66% is attributed to homewares, mood reeds, diffusers and consumables and others. A lot of these are repeatable sales and not one-offs. + +- As it is new, its financials don’t show up on many websites yet but will after the FY21 results + +- Strong guidance updates given which haven’t fully been digested by the market + +- No explicit dividend announcement, however, when FY21 results drop and show its trading at a 12% grossed up value, we should see dividend hunters coming in to increase the evaluation. Go to commsec and across to details and you'll understand what I mean here. Currently listed as -% dividend yield so can't be found on scanners. + +- Uncertainty around post-pandemic normalised revenues and how a post-covid world will affect sales + + +#Q3 FY21 Trading Update + +[PDF]( https://newswire.iguana2.com/af5f4d73c1a54a33/dsk.asx/2A1292953/DSK_Trading_Update) + +Q3 Sales: $27.7M ; Q3 EBIT: $4.9M ; Q3 EBIT Margin: 17.6% + + +#1H FY21 Results + +[PDF]( https://newswire.iguana2.com/af5f4d73c1a54a33/dsk.asx/2A1283045/DSK_1H_FY21_Results_Presentation) + +FY21 9-month YTD (June-March) +Sales: $118.7M; EBIT: $33.2M ; EBIT Margin: 28.0% (Important later) + + +#Risks + +- Cyclical nature of retail and changes in consumer trends + +- Expansion in NZ or elsewhere could fail + +- Excess cash on balance sheet could result in poor acquisitions if they eventuated + +- The 2020 shitstorm and stimulus bringing forward sales + +- Increased rates in the future and obviously market meltdowns, however the latter is not representative of the business operations + +#Stores and Operations + +Dusk currently operates and owns 118 companies as of December 2020. + +The ROCE on stores is less than 12 months + + +#Top 20 Holders + +[Top 20 Holders own ~81% of SOI](https://imgur.com/a/ydG5bNx). However, this is now inaccurate as we know: + +- WAM have been buying and hold 3,346,461 shares (~5.37%) + +- BB Retail Capital have reduced from 4,531,258 (7.28%) to 3,831,258 shares (6.2%). And again, BB Retail Capital have reduced to 3,090,393 shares (5.0%) **Still significant holder** + +- Catalyst Buyout Fund 2A have reduced from 25.4% to 14,296,049 shares (23.0%) + +[AFR article talking about how BBRC Capital and Catalyst Buyout trimmed their holdings. *”Sources”* say this is a **US based investment firm Kinderhook Partners**. Kinderhook plays a very low profile in the ASX but notably they have bought early into **Afterpay** and hold a **13% stake in Temple and Webster**. So, we know that Catalyst and BB Retail were selling over to Kinderhook.]( https://www.copyright link/street-talk/smart-money-finds-dusk-fingers-point-at-afterpay-backer-20210416-p57jqj) + +Based upon this we know approximately ~86% of the SOI are held via the top 20. + + +#Peer Comparisons +Let’s look at their retail counterparts: **Lovisa (ASX:LOV), Adairs (ASX:ADH) and Shaver Shop (ASX:SSG)** + +- Lovisa is a fast-fashion style jewellery retailer. It has higher multiples and MC as it has expanded outside of Australia and NZ to Europe, NA and Asia. + +- Shaver Shop I’m sure you’ve all heard of. Personal grooming products for your pubes. + +- Adairs is an Australian home furniture and homewares retailer, similar to Nick Scali as well. + +**Keep in mind this is all 1H FY21 data, and DSK is in what I would refer to as an explosive phase of growth, so this is completely inaccurate come FY21 results**. + +|Company|Market Cap|EV|Sales|EV / S|GM|EBIT|EBIT Margin|EV / EBIT|Divvie Yield %| +:--|:--|:--|:--|:--|:--|:--|:--|:--|:--| +|ASX:SSG|$132M|$91M|$123.6M|0.73x|44.7%|$28.0M|22.6%|3.25x|5.73%| +|ASX:LOV|$1600M|$1659M|$146M|11.36x|77.8%|$30.5|20.7%|54.3x|1.35%| +|ASX:ADH|$828M|$806M|$243M|3.21x|66.1%|$60.2M|24.8%|13.3x|4.9%| +|ASX:DSK|$226M|$191M|$90.9M|2.10x|67.7%|$28.3M|28.0%|6.74x|8.26%| +|**ASX:DSK FY21 Guidance**|$226M|$191M|$150M|1.27x|67.7%|$38M|28.0%|5.0x|8.26%| +If you can put two and two together, it would seem that assuming Dusk can maintain close to 25% EBIT margins and grow sales at more than 5-10% per annum, that this is materially undervalued compared to its peers. ASX:LOV does get the exception that it is international, however. So, if Dusk were to reach a point where they expand overseas, I would expect to see a similar material raise in evaluation. + + +#Evaluation + +We’re using EV/EBIT and not EBITDA due to pre-lease expenditures (AASB16). +**Market cap – Cash + Debt = Enterprise Value** + +- So $226M – (~$35M) + $0 = $191M EV + +- FY21 Sales Guidance of $147-151M and EBIT Guidance of $38-40M + +$191M EV / $38.5 EBIT = **4.96EV / EBIT** + +We’ll also assume an evaluation using NPAT. + +- Sales guidance of $147-151M as outlined by company. + +- EBIT Margin for the YTD to the March update was 28%. + +- Net income of $147-151M * 0.28% = $41.1M-$42.2M * 0.7 (30% income tax) = **$28.7M-$29.5M** + +FY21 EV/Net income = $191M / $28.5M = **6.7PE** + + +#Dividends + +Management have stated payout ratio of 60-80% so we’re assuming 70% payout ratio = $19M / 62.2M SOI = $0.305c FY21 Dividend + +Yield = 0.305 / $3.63 = 8.4% fully franked, grossed up to 12%. + +We should get an increase in evaluation as dividend hunters come into buy. They *could* push this anywhere up to a 5% yield resulting in a **$6.10 share price** which is a 68% upside. + + +#Why the FY21 Q4 and 2H FY21 update is going to be stellar + +- Q4 2020 was a shitstorm. They had numerous store closures (20 stores in Melbourne which is 17% of their store totals were closed for 3 months) across April and didn’t reopen until the first week of May, where they had reduced trading hours and a progressive reopening. + +- Q4 of FY21 includes Mother’s Day (tell her you love her you dog and get her a Dusk candle) + +- Q4 2020 would have had reduced foot traffic in general. Now as most things are now reopened you have more generalised customer foot traffic and higher likelihood of spontaneous sales + +- Increase in Dusk rewards members (630k) driving repeat sales ($54M). Dusk members account for 59% of sales + +- New web platform going live in April and increased data analytics hopefully driving increased online sales + +- Stronger gross margins to 67.6% + +- Higher average transaction value (average spend $54) + +- AUD appreciation should provide a material tailwind to gross profit growth + +- 10 more new stores compared to same time last year. Resulting decreased in cost of doing business (CODB) from 45.7% in 1H FY20 to 34.7% in 1H FY21, so we can expect CODB% to be lower on 2H HY20 as well + +- Jobkeeper wage subsidy may be a risk here as they are repaying $2.8M in 2H 2021 + + +#TA for the chart dickheads + +Looking for buys at $3.20-$3.40 + + +#Looking Ahead to FY2022 + +Let’s assume $150M FY21 sales and a sales drop of 10% or only increases by ~5% in FY2022, resulting in $135M and $157M sales respectively. Assuming $191M EV. Assuming gross profit margins hang around 66% still and EBIT margins remain around 22% (**This is a 21% decrease in EBIT margins, so we are hopefully assuming worst case scenario here**). This EV calculation also assumes no additional cash; however, this is very unlikely to be true. + +**Scenario 1**: 10% drop in sales = $29.7M EBIT and $20.7M in NPAT + +**Scenario 2**: 5% increase in sales = $34.5M EBIT and $24.1M in NPAT + +**1**: $20.7M NPAT @ 70% payout ratio = 23c dividend at $3.63 = 6.3% yield + +**2**: $24.1M NPAT @ 70% payout ratio = 27c dividend at $3.63 = 7.4% yield + +**1**: 10x EV/EBIT = $4.21 share price + +**2**: 10x EV/EBIT = $4.98 share price + +**Now let’s do the same assumption with 28% margins for FY2022**: + +**1**: $5.51 share price + +**2**: $6.50 share price + + +#Final Evaluations + +High-quality capital-light business offering with strong gross profit and EBIT margins. In excess of 50% upside in 12 months and likely in excess of 100% over 3 years. **Suck my dick ETF boys. DYOR. GLTAH. Not financial advice. I’m just a retard on the internet.** + +**FY21**: + +- 10x EV/EBIT evaluation = $5.62 (+54.8%) + +- EV/NPAT evaluation @ 10PE = $4.01 (+10.4%) + +- EV/NPAT evaluation @ 15PE = $6.31 (+73.8%) + +- 5% dividend yield evaluation = $6.10 (+68.0%) + +**FY22** + +- Anywhere from $5.51 - $6.50 + +If you want even more reading: https://strawman.com/member/uploads/perspective/10398/ERR-DSK.pdf +While I have added comments in Computershare posts about previous trades on their platform, I made two sell orders this morning for another stock I own in Computershare. + +The first was a market order entered at 10:13 a.m. EDT. When I checked at 10:15, the order had executed. (Edit: Received a text of execution at 10:14, so I'm confident the trade took seconds) The second was a limit order, set for 104.72, 17 cents above the market price at the time, which had declined from earlier. This order was put in around 10:30, and when I saw that the price had risen at about 11:20, I checked and saw that it, too, had executed. + +Now, I'm not saying this is how it will work during Moass. No one knows how any platform or investor will perform in that scenario, because it's never happened. But I wanted to set the record straight, at least about how Computershare works during normal market conditions on actual sell orders (versus speculation). + +This is not financial advice. + +Edit: Screenshot added! + +Edit2: Thanks for all the awards, fellow apes, and FU to the turd who sent the suicide notice. + +Edit3: We really need to influence CS to increase their sell limits, and to tell us more about who they use for trading. + +https://preview.redd.it/677l96ky4pn71.jpg?width=1280&format=pjpg&auto=webp&s=4393628d1516fc6d443a8d6e65fab63cdf7a856e +My biggest position is Starbucks. Been buying a lot more since it has been dropping so much. What are your biggest holdings and what do you think is a good long-term bet? +Ricardo Salinas Pliego, the third richest man in Mexico, said that he wants his bank to be the first one in Mexico to accept Bitcoin. We heard about lots of banks that already have started to work with crypto, and BTC in particular. The main difference with this case is that Ricardo Salinas Pliego actually believes that BTC is a real equivalent of gold, and that fiat currencies in fact are a fraud. He says that the most significant feature of BTC is the fact that it has a total supply, which cannot be said about any fiat currency. +What do you think? Is there a real difference? Will it be a successful project? +I have been looking to buy a rental lately and when looking at a SFH I noticed that it does not really make sense price wise above the $150k range, that is if cash flow is your goal and assuming you are leveraging with 20% down. + +Or another way of saying what I mean is once you go above the $150k range, the 1% rule seems to go away. + +There was one article that I cannot recall to find atm, but it was mentioning how some areas like LA a $800k+ home rents for $3k, like 1/3% of the purchase price. + +Even in other cities, like randomly looking at SLC I see a SFH for $750k. Expected rent is 2600. Why would anyone buy this home simply other than people who intend to live there. Even for those who want there forever home, they could rent it for so much cheaper. + +I understand once its paid off owning is way cheaper than renting. But if I had the ability to buy a $750k home, I would much rather invest it so I could hopefully have my dividends pay for my rent rather than paying a mortgage monthly.... + +I hope this all makes sense. It's been bugging me for a while and I cannot seem to understand. +I have been looking to buy a rental lately and when looking at a SFH I noticed that it does not really make sense price wise above the $150k range, that is if cash flow is your goal and assuming you are leveraging with 20% down. + +Or another way of saying what I mean is once you go above the $150k range, the 1% rule seems to go away. + +There was one article that I cannot recall to find atm, but it was mentioning how some areas like LA a $800k+ home rents for $3k, like 1/3% of the purchase price. + +Even in other cities, like randomly looking at SLC I see a SFH for $750k. Expected rent is 2600. Why would anyone buy this home simply other than people who intend to live there. Even for those who want there forever home, they could rent it for so much cheaper. + +I understand once its paid off owning is way cheaper than renting. But if I had the ability to buy a $750k home, I would much rather invest it so I could hopefully have my dividends pay for my rent rather than paying a mortgage monthly.... + +I hope this all makes sense. It's been bugging me for a while and I cannot seem to understand. +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 +I doubt my complaint will amount to anything, but I feel a little better now. Too many "bugs" and coincidences surrounding the Brazilian puts for my taste. I filed a complaint under the SEC Whistleblower Program ([https://www.sec.gov/whistleblower/submit-a-tip](https://www.sec.gov/whistleblower/submit-a-tip)). Could care less about a potential award - I have enough GME shares to retire comfortably. I'd just love to see a little justice. + +Many thanks to the apes who provided feedback to the 'Brazilian Puts' posts (bottom), but especially to u/Criand, u/Broccaaa, u/wladeczek44, u/ammoprofit, u/LordSnufkin, u/GuitarEvil, u/Effective-Island8395, + +&#x200B; + +https://preview.redd.it/wq27vqop20g71.jpg?width=1151&format=pjpg&auto=webp&s=a84e8392155ec26831d6c9e0bef6c2b0be548baa + +[https://www.reddit.com/r/Superstonk/comments/ozekd5/brazilian\_puts\_bloomberg\_follow\_up\_none\_of\_those/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ozekd5/brazilian_puts_bloomberg_follow_up_none_of_those/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/oxv148/brazilian\_puts\_bloomberg\_says\_they\_were\_a\_bug\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/oxv148/brazilian_puts_bloomberg_says_they_were_a_bug_and/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/ovaorq/credit\_suisse\_put\_options\_540k\_gone\_in\_bloomberg/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ovaorq/credit_suisse_put_options_540k_gone_in_bloomberg/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/ovf7ab/historical\_put\_positions\_in\_july\_bloomberg/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ovf7ab/historical_put_positions_in_july_bloomberg/?utm_source=share&utm_medium=web2x&context=3) + +**TL;DR** Filed SEC Whistleblower complaint for Illegal Options Trading for $GME Stock Used to Reset Reg SHO Close-out Obligations + +&#x200B; + +Edit 1: Comments/questions about whistleblowers: [https://www.sec.gov/whistleblower](https://www.sec.gov/whistleblower) + +“The Commission is authorized by Congress to provide monetary awards to eligible individuals who come forward with high-quality original information that leads to a Commission enforcement action…” +Description says most of it. + +Was just curious if I'm alone here + +I've been so focused on optimizing every aspect of my lifestyle it almost became unhealthy. I wondered how sustainable it was because I was killing myself at a job that I hated and still was many years out from reaching my retirement goal. + +I realized that it wasn't work itself that I hated but the type of work that I was doing. I decided to adjust my thinking a bit and save enough money for me to take a leap and start my dream venture. I still plan on taking the FIRE principles of frugality, minimalism and maximum savings but for a slightly adjusted goal. + +Can anyone relate? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 262144 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) +>Delta on Tues­day re­ported a net loss of $5.7 bil­lion for the June quar­ter com­pared with a profit of $1.4 bil­lion a year ear­lier, with sales down 88% at $1.47 bil­lion. The $9.01 loss per share com­pared with the $4.16 con­sen­sus among an­a­lysts polled by Fact­Set. + +> The loss in­cluded $2.1 bil­lion in charges against its stakes in three over­seas part­ners—Latam Air­lines Group SA, Grupo Aeromex­ico SA and Vir­gin At­lantic Air­ways Ltd.—that are all in fi­nan­cial trou­ble. Delta also took $3.2 bil­lion in other pan­demic-re­lated charges, in­clud­ing re­tir­ing older planes. + +> Mr. Bas­t­ian said the pause in the de­mand re­cov­ery would leave it burn­ing $27 mil­lion in cash a day this month, in line with last month. It is still aim­ing to stop los­ing cash by year-end, but that goal hinges on pas­sen­ger de­mand and the cost of shrink­ing the air­line when gov­ern­ment aid runs out, which it is cur­rently sched­uled to do on Oct. 1. + +https://www.wsj.com/articles/delta-trims-flying-amid-coronavirus-pandemic-11594725393?st=0kwxxd5vl63a2vi&reflink=article_copyURL_share + +> “Given the combined effects of the pandemic and associated financial impact on the global economy, we continue to believe that it will be more than two years before we see a sustainable recovery,” Ed Bastian, Delta’s chief executive officer, said in a statement. + +https://www.nytimes.com/live/2020/07/14/business/stock-market-updates-coronavirus?referringSource=articleShare +I'd like to address a certain post on the front page where OP, a self proclaimed pro options trader, loses 100k from GME options. I'd like to do a quick deconstruction of what OP did very, very wrong. + +According to OP, ITM options were purchased on June 1st with the expiration date of November 12th. Why did OP buy a weekly expiration date back in June instead of 11/19 monthlies? Who knows, but [here's a visual representation](https://i.imgur.com/wGDS7oP.png). + +The white box shows time of purchase to expiry, the top of the white box is approximately the price of GME when OP purchased the options contracts. As you can see, if OP would've sold within a week of purchasing the options their options would have printed. Instead, OP got greedy. + +OP should've sold at the peak, but OP got greedy. + +OP should've sold when GME announced the share offering, but OP got greedy. + +OP should've sold when the price quickly dropped and option contracts were affected by [IV crush](https://www.nasdaq.com/articles/what-an-implied-volatility-crush-is-and-how-to-avoid-it-2021-07-09), but OP got greedy. + +OP definitely shouldn't have let their options slowly lose value over 5.5 months of time decay ([theta](https://www.investopedia.com/terms/t/theta.asp)), but OP got greedy. + +OP didn't get burned by GME options trading, OP was burned by poor decisions. Options are not for HODLing, they're for leverage and applying additional pressure on SHFs. Nobody is making anyone buy options, feel free to buy, hold, DRS if you aren't comfortable with options, but please stop spreading options FUD. + +Seriously, check out u/Gherkinit and Houston's stream for more info. + +https://www.youtube.com/watch?v=FBplxmTCXhg +I just got approved for an apartment (NSW), but the rental agent is asking for the bond to be lodged into her trust account for the first 6 months rather than government-run system. After the first 6 months she will lodge it through the official channels. + +When I asked why, she replied that it was tax beneficial for the owner. + +Obviously something is a bit shonky here. Anyone got some ideas about what the agent/owner are up to? +You are all kings here. + +You are the ones born to do the REAL WORK. + +While everyone sits comfortably behind their monitor doing exactly fuck all, YOU are putting your money where your mouth is, and taking the fight to financial terrorism. Right to their doorstep. + +Occupy Wall Street had them shitting their pants, but it fizzled because the average American is too god damn lazy to do anything but complain. + +They thought they had gotten away with it, but I have news for them, this collective of individual investors will prevail where others have failed. + +These investors are relentless in their pursuit of justice. The float will be locked. The synthetic shares will be exposed, and GameStop will become profitable. + +To the DD writers of legend, I salute you. You know who you are. + +Spirits remain unbroken, resolve intact. The MOASS will be had, and a system of corruption and oppression will be undone at the seams. + +Why? Because a bunch of people decided enough is enough, and ACTUALLY DID SOMETHING ABOUT IT. + +Cheers! + +Edit: They fear this sub because it's galvanizing. It terrifies them. +What's up fellas at Theta Gang. I made a tool called [FD Ranker](https://www.swaggystocks.com/dashboard/stocklabs/fd-ranker) that logs the average IV of some popular stocks. The tool is inclusive of almost 1,000 tickers now. + +**What is this tool good for** + +I often use the theta gang wheel strategy by selling cash secured puts close to at-the-money and I like to see where I can get some bang for my buck. A quick scan of the list will tell me what IV is looking like for certain stocks and when earnings is coming up and whether or not I want to do a weekly theta YOLO for earnings. You can sort by IV, stock price, or Earnings and filter by ticker. + +Here's some of the top tickers from this weekend. Instead of making a full list of tickers ranked by IV, I'll share some of the more common tickers mentioned. + +\***Smaller Accounts:** I made [this list earlier in the week](https://www.reddit.com/r/thetagang/comments/kx6oh6/iv_report_high_iv_tickers_with_share_price_under/) that highlights cheaper stocks. + +# High IV Tickers List + +\*Some of the market cap data is off, so always double check before entering any plays! + +|Ticker|Market Cap|Stock Price|IV (%)| +|:-|:-|:-|:-| +|AMC - AMC Entertainment Holdings Inc - Class A|383M|$2.38|237%| +|MARA - Marathon Patent Group Inc|1.43B|$22.29|205%| +|DGLY - Digital Ally Inc.|83.1M|$3.04|194%| +|RIOT - Riot Blockchain Inc|1.74B|$25.53|190%| +|GME - Gamestop Corporation - Class A|2.48B|$35.97|180%| +|TLRY - Tilray Inc - Class 2|2.63B|$19.70|159%| +|FUBO - fuboTV Inc|2.17B|$32.15|158%| +|SRNE - Sorrento Therapeutics Inc|2.5B|$9.45|145%| +|QS - QuantumScape Corp - Class A|11.2B|$53.43|142%| +|BLNK - Blink Charging Co|1.69B|$46.82|141%| +|ACB - Aurora Cannabis Inc|1.71B|$11.93|139%| +|LAZR - Luminar Technologies Inc - Class A|6.69B|$30.66|139%| +|APHA - Aphria Inc|3.7B|$12.36|128%| +|SBE - Switchback Energy Acquisition Corp - Class A|1.3B|$41.35|127%| +|PLUG - Plug Power Inc|25B|$61.38|127%| +|JMIA - Jumia Technologies Ag - ADR|0|$43.37|121%| +|RIG - Transocean Ltd|2.02B|$3.26|119%| +|APXT - Apex Technology Acquisition Corp - Class A|591M|$16.40|118%| +|WKHS - Workhorse Group Inc|2.81B|$23.26|109%| +|LMND - Lemonade Inc|8.36B|$149.06|108%| +|ARCT - Arcturus Therapeutics Holdings Inc|1.46B|$59.69|106%| +|GSX - Gsx Techedu Inc - ADR|0|$59.38|104%| +|CRSR - Corsair Gaming Inc|3.5B|$38.08|103%| +|PLTR - Palantir Technologies Inc - Class A|37.7B|$25.65|103%| +|NKLA - Nikola Corporation|7.58B|$19.78|102%| +|NIO - NIO Inc - ADR|87.7B|$56.27|100%| +|OSTK - Overstock.com Inc|2.55B|$59.64|98%| +|XPEV - XPeng Inc - ADR|0|$48.17|98%| +|HYLN - Hyliion Holdings Corporation - Class A|2.53B|$16.48|98%| +|CODX - Co-Diagnostics Inc|299M|$10.51|97%| +|COTY - Coty Inc - Class A|5.28B|$6.92|96%| +|APPS - Digital Turbine Inc|4.96B|$55.74|94%| +|SPCE - Virgin Galactic Holdings Inc - Class A|7.13B|$30.50|93%| +|PINS - Pinterest Inc - Class A|43.1B|$69.28|90%| +|AI - C3.ai Inc - Class A|0|$133.51|89%| +|GRWG - GrowGeneration Corp|1.89B|$51.23|88%| +|FSLY - Fastly Inc - Class A|9.03B|$88.02|88%| +|CRSP - CRISPR Therapeutics AG|14.2B|$200.41|87%| +|CGC - Canopy Growth Corporation|12.4B|$33.54|85%| +|DASH - DoorDash Inc - Class A|0|$189.29|83%| +|ABNB - Airbnb Inc - Class A|102B|$167.29|83%| +|GLUU - Glu Mobile Inc|1.54B|$8.98|81%| +|FVRR - Fiverr International Ltd|8.61B|$265.38|81%| +|TSLA - Tesla Inc|783B|$824.99|80%| +|ENPH - Enphase Energy Inc|24.1B|$189.93|79%| +|CNK - Cinemark Holdings Inc|2.26B|$19.09|78%| +|X - United States Steel Corp.|4.6B|$20.89|77%| +|PENN - Penn National Gaming, Inc.|15.4B|$99.48|76%| +|BBBY - Bed, Bath & Beyond Inc.|3.09B|$25.51|74%| +|SNAP - Snap Inc - Class A|75B|$50.02|73%| +|SEDG - Solaredge Technologies Inc|14.5B|$285.44|72%| +|NET - Cloudflare Inc - Class A|23.9B|$77.38|72%| +|UPWK - Upwork Inc|4.74B|$38.82|72%| +|HOME - At Home Group Inc|1.47B|$22.63|71%| +|SNOW - Snowflake Inc - Class A|14.8B|$290.99|70%| +|PTON - Peloton Interactive Inc - Class A|40.3B|$158.82|70%| +|NCLH - Norwegian Cruise Line Holdings Ltd|5.45B|$25.46|69%| +|NOK - Nokia Corp - ADR|2.68B|$4.11|68%| +|PRPL - Purple Innovation Inc - Class A|2.16B|$35.49|68%| +|MRNA - Moderna Inc|51.2B|$130.00|67%| +|W - Wayfair Inc - Class A|21.8B|$299.68|67%| +|DDOG - Datadog Inc - Class A|20.8B|$99.70|67%| +|FROG - JFrog Ltd|5.44B|$59.95|67%| +|M - Macy\`s Inc|4.04B|$12.98|66%| +|SFIX - Stitch Fix Inc - Class A|4.65B|$73.67|66%| +|ROKU - Roku Inc - Class A|51.8B|$408.88|66%| +|OXY - Occidental Petroleum Corp.|20.8B|$22.43|66%| +|ZM - Zoom Video Communications Inc - Class A|110B|$384.59|65%| +|TAN - Invesco Capital Management LLC - Invesco Solar ETF|4.19B|$107.39|64%| +|CVNA - Carvana Co. - Class A|13.5B|$286.68|64%| +|FEYE - FireEye Inc|5.04B|$22.08|64%| +|AAL - American Airlines Group Inc|9.54B|$15.79|64%| +|CHGG - Chegg Inc|12.6B|$97.48|63%| +|CCL - Carnival Corp. (Paired Stock)|23B|$20.86|63%| +|HUYA - HUYA Inc - ADR|379M|$21.91|63%| +|ICLN - BlackRock Institutional Trust Company N.A. - BTC iShares Global Clean|5.99B|$30.61|63%| +|RCL - Royal Caribbean Group|16.4B|$73.15|62%| +|CHWY - Chewy Inc - Class A|43.1B|$108.16|61%| +|DBX - Dropbox Inc - Class A|6.98B|$22.16|61%| +|CREE - Cree, Inc.|12.9B|$117.34|61%| +|RKT - Rocket Companies Inc Class A|2.26B|$19.60|60%| +|UAA - Under Armour Inc - Class A|7.57B|$18.07|60%| +|TWLO - Twilio Inc Class A|54.5B|$387.71|60%| +|BYND - Beyond Meat Inc|8.78B|$139.97|59%| +|TTD - Trade Desk Inc - Class A|32.9B|$783.24|59%| +|Z - Zillow Group Inc - Class C|31.6B|$137.13|59%| +|YETI - YETI Holdings Inc|6.44B|$74.10|59%| +|UAL - United Airlines Holdings Inc|12.9B|$43.95|59%| +|LYFT - Lyft Inc Cls A|14.8B|$48.22|58%| +|ETSY - Etsy Inc|25.8B|$202.37|58%| +|SHOP - Shopify Inc - Class A|141B|$1168.02|57%| +|ARKG - ARK Investment Management LLC - ARK Genomic Revolution ETF|9.34B|$108.19|56%| +|DISH - Dish Network Corp - Class A|17.4B|$33.20|56%| +|UBER - Uber Technologies Inc|97.9B|$55.86|56%| +|SPOT - Spotify Technology S.A.|57.9B|$317.97|55%| +|CZR - Caesars Entertainment Inc|13.5B|$79.10|55%| +|HAL - Halliburton Co.|18.3B|$20.70|55%| +|IQ - iQIYI Inc - ADR|14.4B|$19.70|55%| +|CLDR - Cloudera Inc|4.44B|$14.24|55%| +|CRWD - Crowdstrike Holdings Inc - Class A|41.4B|$219.82|54%| +|ARKK - ARK Investment Management LLC - ARK Innovation ETF|20.7B|$141.72|54%| +|AMD - Advanced Micro Devices Inc.|106B|$88.55|54%| +|SE - Sea Ltd - ADR|98.7B|$225.13|54%| +|ZS - Zscaler Inc|28.3B|$210.66|53%| +|VALE - Vale S.A. - ADR|93.2B|$17.66|53%| +|MTCH - Match Group Inc. - New|39.1B|$151.13|52%| +|WDC - Western Digital Corp.|15.6B|$51.16|52%| +|SQ - Square Inc - Class A|96.8B|$227.08|52%| +|LB - L Brands Inc|12.6B|$44.99|52%| +|MGM - MGM Resorts International|14.7B|$29.75|52%| +|ZNGA - Zynga Inc - Class A|10.4B|$9.70|52%| +|BIG - Big Lots Inc|1.93B|$51.96|51%| +|LL - Lumber Liquidators Holdings Inc|898M|$30.96|50%| +|GPS - Gap, Inc.|8.25B|$21.93|50%| +|GE - General Electric Co.|99.2B|$11.38|50%| +Hello, + + +I've been going down a rabbit hole with this question and there's so much conflicting information I'm not really sure what to do at this point. Hoping someone here as been in this situation and can help me with it. + + +My scenario is, I've been living in Berlin since 2017 working. I have a normal contract, an anmeldung, a tax id, health insurance etc all normal. +Now I am interested in moving back to my home country Portugal. I'd like to keep my job, and my company is happy to let me do that. +What do I do now? I'm very confused. +\- Once I let up my current rental in Berlin and do my abmeldung, will my company be able to pay me as normal? +\- Do I just keep getting paid normally and then when the time comes to report taxes in Portugal, I just show them I already paid taxes in Germany? +\- Do I need to change my work contract and payment method with my company? +\- Anything else I should be mindful about? + + +If more data is needed on this to be able to answer please let me know! Thanks in advance +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? +I am a 20 year old who put 10k into index funds a year ago. 20% Canadian, 40% US, 40% International. + +I'm not gonna lie, I love this shit. This feels like free money. There's no better feeling than going to classes and checking my portfolio in the middle of a lecture, and BOOM, $50 gains that day!!!! + +I know $50 is nothing to a lot of you guys but as a student who is used to making min. wage, that's like 5 hours of work. And I did absolutely nothing to earn it!! + +Feels so good to make my money work for me. + +Also, ever since I started investing, I pay more attention to the world news and have become more conscious of my spending. Thank you reddit for teaching me financial wisdom at an early age. + +inb4 2018 great depression + +We are excited to launch Coyote with a multitude of unique features, utilities, and future goals. Our roadmap, while not bulletproof, provides a transparent look into our aspirations pre-market AND post-market. Everything we are driving towards is centred around one thing: changing the way you think about crypto and providing you with a suite of valuable, tangible assets for your crypto journey. + +&#x200B; + +Whitepaper can be found on our website at: [https://coyoteco.in/](https://coyoteco.in/) + + + +&#x200B; + +Coyote Coin | Welcome to the Den | [https://coyoteco.in/](https://coyoteco.in/) | Launch announcement coming soon! | Dual Chain (BSC & ETH) | 3 years liquidity lock to Uniswap & PancakeSwap | Auto-liquidity @ 2.5% per transaction | Deflationary @ 3% burn per transaction | Static Compensation @ 5.5% to holders | Long and Short Term Token Lotteries | Devs are doxxed + +&#x200B; + +Transparency | Integrity | A team you can trust! + + + +The pack is forming and we’re hungry… + +&#x200B; + +Click the links below for more information about the upcoming launch! + +Subreddit: r/CoyoteCoin + +Telegram: [https://t.me/coyotecoinofficial](https://t.me/coyotecoinofficial) + +Website: [https://coyoteco.in/](https://coyoteco.in/) + +Twitter: [https://twitter.com/TheCoyoteCoin](https://twitter.com/TheCoyoteCoin) +I wanted to walk through these numbers on what happens to 100K saved in a high-interest savings account in Australia factoring in inflation and taxation on bank interest. + +If you want to find the best interest rates for savings accounts in Australia, the finder website has a page documenting the best rates. Some of these banks have additional qualifications like being under a certain age. + +The best seems to be with Westpac that offers a maximum savings interest rate of 2.5% if you are between 18-29 years old. + +If you fall outside of that age range the next best rate is a maximum savings interest rate of 1.35% offered at Rabobank. + +The current CPI for the last 12 months published on the RBA website is 3%. True inflation in terms of purchasing power for the average family may be higher, but I won’t get into that in this post. + +You are charged your marginal tax rate on interest income earned from having a savings account. So high-income earners are penalised more for saving money in a bank account compared to low-income earners. + +Some banks charge bank fees to account holders which vary by bank. + +Saving 100K with a savings interest rate of 1.35%, with a marginal tax rate of 37%, 3% inflation and $10 p.a. in banking fees ends up with an inflation-adjusted loss of over $2,000. + +&#x200B; + +[ $2,184 Inflation Adjusted Loss on 100K ](https://preview.redd.it/psitltjep8581.png?width=395&format=png&auto=webp&s=605ba65faee0cfe0e672afcd8a898e2bfed565a5) + +Saving 100K with a savings interest rate of 2.5%, with a marginal tax rate of 32.5%, 3% inflation and $0 p.a. in banking fees ends up with an inflation-adjusted loss of over $1,300. + +&#x200B; + +[ $1,363 Inflation Adjusted Loss on 100K ](https://preview.redd.it/luhy37dkp8581.png?width=395&format=png&auto=webp&s=dc9ed2cbd7be09c2d0b76b30f7afef07b59288e8) + +And the numbers just get worse as savings rates drop, banking fees rise and inflation rises. +Please mods do not delete this. This is a very serious issue that Robinhood and others NEED to see. + +Here are 3 examples I've found so far (one being me). I lost 1.2k this year, but my tax form is showing that I made 50k USD. This is absolutely wrong in every way. After doing a simple Reddit search I found others dealing with the same problem. After looking at my form there are multiple trades within spreads that are incorrectly labeled as "Washed" + +https://www.reddit.com/r/options/comments/lmf4s0/help_needed_robinhood_wash_sale_computation + +https://www.reddit.com/r/thetagang/comments/lmb347/taxes_on_spreads_need_help_lost_12k_this_year_but + +https://www.reddit.com/r/WallStreetbetsELITE/comments/lmhk3j/im_new_on_this_can_someone_explain_me_why_their + +I'm writing this to bring awareness to this problem. Robinhood is sending incorrect tax data to the IRS and if this doesn't get fixed, it will completely screw people over. + +Edit: I've already stopped using Robinhood as of 2021. +EDIT: Thanks for all the helpful replies, definitely going to do most of what is said here. +As soon as I get home I will get back into school, see if I can get a car, start calling the credit bureaus and make a police report when the time is right. +Thanks for all the helpful replies, you guys have dismissed most of my worries about things like being cut off, I'll still look at and reply to newer replies through out the day. + +Not much more to say, except for that I live in Alabama, and I'm a high school drop-out. What are the best options for me, and how do I get out of this? +Just curious. I’ve heard that trading foreign exchange markets is even more difficult to succeed at compared to trading stocks and the derivatives contracts (can’t say the O-word) associated with the securities markets (puts, calls, futures, spreads). + +I’m sorry if this is a commonly asked question. I’m interested in this and pretty new to exploring the foreign exchange markets, and Reddit’s search engine kind of sucks. +Learning it the hard way. + +On 1st July I did an investment of Rs.1 lakh in mutual funds via Groww, which uses BSE's Star MF platform at the backend. + +Transaction failed but money got deducted from my account. the automated message said that if the money was deducted, I will auto get a refund in 3-5 working days. + +When I didn't receive any refund after a week, I contacted my bank, which told me that transaction was successful at their end and money has been deposited to Indian Clearing Corporation. + +On contacting Groww, they said that I need to wait 1 more week for the refund as money is with BSE. + +It is now almost 1 month, countless email exchanges with Groww, a complaint filed with SEBI (scores portal), communication on twitter with BSE Star Mf team, has resulted in nothing. + +All I am getting is, please wait one more week.. + +On twitter I realized that there are hundreds of others stuck in the same situation as me, Tweeting, pleading, threatening and begging to get their money back. No one cares. + +Many are tagging media houses, journalists, politicians and what not. But since last 1 month, BSE has just taken people's money and not refunding it or doing it extremely slow. + +Now, this is not just about my Rs.1lakh. what if tomorrow BSE or Groww refuse to redeem my mutual fund money. I have close to Rs.20lakhs invested. What recourse do I have? + +What recourse do anyone of us have? + +I have prepared the full document file of all communication and transaction details and going to file a case in consumer court for refund of my money but that will take another 3-6 months of legal running around. + +All this just to get back MY OWN MONEY. +I am looking for some advice on how to go about keeping track of my portfolio and analyze it? + +I have a zerodha account and while the information they provide is useful I would like to analyze my stock portfolio a little deeper. + +For example, I do not know how to go about applying [https://zerodha.com/varsity/chapter/po2/](https://zerodha.com/varsity/chapter/po2/) + +without importing data by hand and painstakingly scraping information for beta and other variables. + +Are there any tools on Zerodha that I am missing? Do you guys use any specific software or any other tools. Any suggestion is appreciated. +Hoping this doesn't get deleted but I wanted to post somewhere it might be appreciated. + +My children have been working their little butts off and saving their pennies for months to buy a Nintendo switch. Today they finally have all the money, including tax. +I just so proud of what they accomplished. I know others can afford to go buy these things for their kids, but I'm glad I at least taught mine how to avoid impulse purchases and save. +Thanks for reading. +My friend from FF14 discovered I have a stake in ETH and suggested I try playing crypto games/metaverses with him so I can also earn more while playing. + +From a gaming POV, I can’t deny being interested after seeing the gameplay of these ETH titles. But I can’t help but feel hesitant from a staker’s POV. Here are some games I might play: + +* [**Kawaii Islands**](https://twitter.com/kawaii_islands/status/1444244382954127363)**:** The art really stuck to me NGL. I dig the woodpunk/fantasy JRPG aesthetic with idle game mechanics. Basically, you get a floating island you can treat as a farm of sorts. You can craft items with limited customization that you can sell as NFTs. With all the craze in edgy/flashy crypto games, I’m very much leaning towards Kawaii Islands for the idle mechanics. +* [**Axie Infinity**](https://axieinfinity.com/)**:** Linked for reference but everyone probably knows this already LOL. The USD 500+ entry rate is a bit steep for me, but the gameplay seems promising. Axies you breed and purchase come with skills that can’t be changed, so choice is always important. Turn-based cards + strategy reminds me a lot of FGO, so it’s definitely intriguing. +* [**CryptoKitties**](https://www.cryptokitties.co/)**:** Cats are cute lol. That aside, it's a straightforward creature collection with quirky but appealing art. It reminds me of Neopets, so there’s definitely nostalgia kicking in. It’s also one of the first NFT/ETH games to become popular, right? +* [**Brave Frontier Heroes:**](https://bravefrontierheroes.com/) Always been a fan of JRPGs and I did like Brave Frontier when it came out. I was surprised there’s a crypto game. From what I’ve seen, gameplay isn’t far from the original BF titles. It’s turn based, and units can be customized with items and skills like in the original games. +* [**Ember Sword**](https://embersword.com/)**:** I dig the isometric POV and the overall art. Reminds me of RuneScape/Albion since it’s a sandbox MMO with freeform fighting and crafting. I feel like the earring aspect might be tricky to get into since there’s a lot to do on the get-go. + +Do you think playing these games are worth it or do you have other recommendations? Really appreciate your responses. +Two months ago, I made this post about giving my kids $100 in crypto and asking them to choose three cryptos each. I was asked by many in the thread to post a monthly update. So, here are the results after two months: + +**M\*\* (9yrs old, boy): ETH, THETA, ADA.** + +[Gain 49&#37;](https://preview.redd.it/ldprnrcyz1n71.png?width=970&format=png&auto=webp&s=ca528f7151cac191469d3ba6c4584ebf69ce99a0) + +**A\*\* (7 yrs old, girl): ETH, AAVE, CRV.** + +[Gain 37&#37;](https://preview.redd.it/58i2cge002n71.png?width=958&format=png&auto=webp&s=45df9efcfacf2dc49bb681a213d5440ebc427788) + +&#x200B; + +**E\*\* (4 yrs old, girl): UNI, ENJ, CAKE.** + +[Gain 29&#37;](https://preview.redd.it/iiu70rvr02n71.png?width=957&format=png&auto=webp&s=b622ac9e4ebb5edaaf6233e352c1ad0c34e5644e) + +&#x200B; + +Original [Post from two months ago](https://www.reddit.com/r/CryptoCurrency/comments/ofzwd4/i_gave_my_kids_100_each_and_asked_them_to_pick/). (For some reason, it was locked, I never found out why). + + + +>I have three kids, M\*\*, A\*\* and E\*\*. I bought them each $100 worth of cryptos of their choice and will give them the entire investment when they turn 18. I let them make their choices based on whatever reasons they wanted. All I did was show them the top 100 list from [coinmarketcap](https://coinmarketcap.com/). +> +>These are their allocations and reasons for each decision: +> +>**M\*\* (9yrs old, boy): ETH, THETA, ADA.** He really loved the black diamond and thought the other two had nice aesthetic designs. +> +>**A\*\* (7 yrs old, girl): ETH, AAVE, CRV.** She also loved the black diamond, the AAVE has her favourite colour and starts with the same letter as her first name, CRV has a pretty rainbow. +> +>**E\*\* (4 yrs old, girl): UNI, ENJ, CAKE.** She loves unicorns and therefore, loves UNI. The ENJ logo has a very pretty E for her name. CAKE because she loves pancakes. +**HOLY MOLY!! ComputerShare accounts are growing exponentially!!** + +**Highest Score (so far):** Current CS MOASS-a-Meter winner is u/damn_u_scuba_steve with account number 254,XXX (date Sept. 20) + +Low Score: 32,XXX (Jan 31 - also the oldest) [u/Sisyphus-Syphilis](https://www.reddit.com/u/Sisyphus-Syphilis/) + +&#x200B; + +[WEN MOON? MOON SOON! Update 7:30 PM EST](https://preview.redd.it/2ubgw1dg8cp71.png?width=779&format=png&auto=webp&s=1c84a425e24913dfbec5847392593530fa9f37cf) + +Data is based on my earlier post (please keep commenting): + +[https://www.reddit.com/r/Superstonk/comments/ptyizl/can\_we\_use\_cs\_account\_numbers\_to\_estimate\_how/](https://www.reddit.com/r/Superstonk/comments/ptyizl/can_we_use_cs_account_numbers_to_estimate_how/) + +Apes please continue to comment or DM with your data (first 2 digits of account number only)! + +There is only one outlier (see that sharp drop with account number 122,000), but it's likely because they purchased directly from CS and got an account number several days before the purchase date - so that date is off. + +I can personally confirm these account numbers are specific to GME since we also have shares of another stock on CS and the account number for that is in the millions. + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +**Get ready to GET YOUR TITS JACKED with some MAFFFS** + +Highest account number reported (so far) = 25X,XXX (purchase date Sept. 22) + +This means 250K CS accounts have been opened holding GME! + +If we subtract 40K accounts (because the earliest ape to comment had an account number of around 40K on July 26), that means (250K - 40K) 210K ape and apette accounts on CS just in the last 2 months!! + +Since it takes anywhere from 3 - 10 business days for a purchase to go through and for you to get access to your account number, this number is probably a week behind and we are seeing exponential growth in that chart. + +&#x200B; + +**How much of the float do apes currently own on CS?** + +Based on a float of 35M available to retail (please correct me if float is wrong), we get the following numbers: + +Conservative estimate of 10 shares / account = 210K \* 10 = 2.1M + +Realistic(?) estimate of 50 shares / account = 210K \* 50 = 10.5M (this is 1/3 of the way there) + +&#x200B; + +**What CS account number will be the winner of the MOASS jackpot?** + +Conservative estimate (10 shares/account): CS account number 3,500,000 will be the winner + +Realistic estimate (50 shares/account): CS account number 700,000 WILL BE THE WINNER!!!! (we are already 1/3 of the way there) + +KEEP SUBMITTING YOUR LOTTERY TICKETS APES - it's just a matter of time! + +&#x200B; + +\*\*\*\*\*\*\* + +Edit 1: Clarifying a few points + +1. **These are all GME accounts** (not popcorn or any other stock accounts). I'm waiting to confirm this with CS, but we also hold stock in another company and the account number for that is in the millions (fortune 500 company). Other apes have DMd me the same thing and see [this comment](https://www.reddit.com/r/Superstonk/comments/pu40ur/comment/he1b3pm/?utm_source=share&utm_medium=web2x&context=3) explaining why the data supports this. +2. **254K is the minimum number of ACCOUNTS, not apes**. It's possible for one ape to have more than one account, as several apes have confirmed. In fact, this all started because superstar ape [u/iamthinksnow](https://www.reddit.com/u/iamthinksnow/) posted his/her 3 different accounts showing increasing account numbers. +3. **There's no way to know how many shares are in each account.** But, I'm planning on updating the highest account number daily, and providing some tables. This is information that we all have and can share, and there's no reason not to (there's no sensitive data and positions rule isn't violated). It can be used to calculate some very conservative numbers on how many shares are in CS and how many apes have transferred. Each account has at least 1 share, and I still stand by my earlier statement that 10 shares per account is a conservative estimate. +4. **This number is several days behind.** Between 9/21 - 9/22, apes have indicated account numbers ranging from 220K - 250K and most started the transfer days before. That means 30K new accounts were created in just a few days (no way to know exactly what day the account was created). +5. **Keep the numbers coming!** I will continue to update data if apes keep DMing or commenting on this or the [original post](https://www.reddit.com/r/Superstonk/comments/ptyizl/can_we_use_cs_account_numbers_to_estimate_how/). I'll update the high score daily as the migration continues - but it all depends on you to keep the numbers coming! + +\*\*\*\*\*\*\* + +**TLDR:** The data most likely confirms that CS account numbers have been assigned sequentially. In the last 2 months, apes have opened AT LEAST 210K accounts in CS. Estimating 50 shares in each account, we are already 1/3 of the way to owning the float on CS!!!! Keep submitting your CS account numbers (first 2 digits ONLY). +NASA: Not Another Shit Altcoin | Huge Partnership Announced | Rug Pull Relief Fund in Full Swing | 250K MC Hidden Gem - Moonshot Potential + +We bet you didn’t see this cumming 🤭. NASA Token has just teamed up with CUMROCKET to create for them their very own, exclusive Not Another Shit Altcoin NFT. Our NFT’s bring something unique to the table, an angle not yet explored in crypto. + +Both parties involved stand to gain from the partnership, with one possessing an NFT that can be sold to raise funds for development or marketing purposes and NASA benefiting from the additional exposure leading to more partnerships and opportunities for us in the future. + +But we’re not done there. NFT’s are just ONE of our many potential use cases for NASA. In addition to this, we’ve had a number of nastronauts apply for the Rug Pull Relief Fund and we’re pleased to announce that we have approved several applicants with many more to come on the horizon. + +&#x200B; + +Our NASA Auditing Service project has been progressing nicely, we’re on the cusp of revealing the report of our first audited token which again will only make NASA more valuable in the eyes of the general investor. + +Other developments underway at NASA Mission Control include: our own dedicated app where users can review their tokenomics accumulation, CMC listing, countless exchanges applied for with many approved, partnerships with multiple respected crypto influencers in progress and much much more! + +NASA has survived many dips and crashes over its very short lifespan all the while many around us have crumbled. This is a testament to our team's relentless perseverance as well as our community of dedicated, resilient holders. Our time is long overdue, soon the world will recognize that NASA is Not Another Shit Altcoin. + +&#x200B; + +Become a Nastronaut today!👩‍🚀🚀👨‍🚀 + +🌐Website : [https://www.nasatoken.net](https://www.nasatoken.net) + +🥞Pancake Swap : [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x70cf8d40a3d0f7bc88077ba7d103050d0001a653](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x70cf8d40a3d0f7bc88077ba7d103050d0001a653) + +📄Contract : 0x70CF8d40A3D0F7BC88077Ba7D103050d0001A653 + +🏛️BSCscan : [https://bscscan.com/address/0x70CF8d40A3D0F7BC88077Ba7D103050d0001A653](https://bscscan.com/address/0x70CF8d40A3D0F7BC88077Ba7D103050d0001A653) + +🗯Telegram : [https://t.me/officialnasatoken](https://t.me/officialnasatoken) + +💬Discord : [https://discord.gg/4qhbm6MzpN](https://discord.gg/4qhbm6MzpN) + +📣Twitter : [https://mobile.twitter.com/NASAtoken](https://mobile.twitter.com/NASAtoken) + +📷Instagram : [https://instagram.com/nasatoken?utm\_medium=copy\_link](https://instagram.com/nasatoken?utm_medium=copy_link) +**TL;DR:** The traditional American work ethic, while admirable and (perhaps) good for the collective, can be unhealthy for the individual. Many of us would be better off if we embraced a degree of self-centered self-indulgence and devoted ourselves to self-actualization instead of productivity, paid work or ‘the greater good’. + +I often feel discomfort watching remarkably talented friends trade their mental and physical health to climb someone else’s ladder. Many of them radiate an unmistakable din of desperation for a more tolerable life. The concern I feel for them motivated me to post this. + +In the US, the ethos of 'meaningful hard work and achievement' is so deeply rooted that most of my peers never question it. Why is this? Why do people continue to work in unhealthy environments when they could stop working decades before they finally do so? Obvious contributing factors include low wages, lifestyle inflation, financial illiteracy, etc. However, I believe that there are additional, less acknowledged variables at play. Below I discuss a few potential contributing factors. + +Until very recently humans had trouble obtaining the basics in life: shelter, food, safety, etc.. It was hard to get enough and nearly impossible to acquire a surplus sufficient for peace of mind. Those humans who continually strove for ‘extra’ were disproportionately likely to pass on their genes. + +Today things are different. It’s feasible for many workers in highly developed economies to obtain not only the necessary basics but also to have a sufficient surplus (e.g., an emergency fund) for unexpected developments. With this comes the question: at what point should people stop pursuing more? I see this phenomenon manifested in the many, many posts where people say —‘Can I actually FIRE at this point? Should I work a few more years to build up a little bit of extra savings?’ + +Further, many people have incomplete identities and few, if any, real passions in life. Therefore, they rely on paid work, artificial goals and milestones (e.g., degrees, promotions, titles, etc.) as a source of identity, meaning and reward. The fact that so many Americans derive their primary meaning and identity from work is, arguably, a reflection of deficiencies in their non-work lives. Perhaps If these same people had more non-work passions they would identify less with their jobs, work less and enjoy their lives more. + +Many people have difficulty developing their own structure and don’t have motivation to pursue their own goals. I believe that this is learned behavior that stretches back to at least elementary school; for the first 18 years of life most Americans have so much structure heaped upon them that they don’t learn how to develop their own (the negative consequences of not being able to create structure for oneself have manifested clearly during the pandemic). Further, many people are reluctant to leave paid work because they fear that they will wind up ‘doing nothing’ as if achieving FIRE would mean you would do ‘nothing’; there is a wide range between unhealthy inactivity and paid work in a job that sucks your soul. + +You could work your whole life trying to turn your ‘start up’ into the next big thing and fail. Or succeed and realize that it is another ‘facebook’ undermining democracy and the mental health of others. Or you could take an arguably less conventional path; you could chart your own course and self actualize. Grow like an unfettered, unbound, liberated bonsai tree. Find something other than paid work that gives YOU meaning and then strive for excellence as you define it. Travel, explore sunken wrecked ships, climb mountains, farm, etc. + +Among this list of potential meaningful activities I purposely did not include volunteering, establishing a non-profit or any other behavior that promotes ‘the greater good’. I value and engage in activities that benefit others. However, I believe that the default substitution of one form of obligation (to an employer) for another (to society) does not address the problem. I believe that too many people are reluctant to engage in a healthy level of self-centered self-indulgence, and that many of my peers would do well to shed the hand wringing, self-flagellating privilege guilt that keeps them on one treadmill or another. + +I believe that many of us will be a lot better off if we embraced the side of ourselves that enjoys self-centered indulgence, striving for excellence in activities that do not necessarily come with any monetary reward nor any societal benefit but are nevertheless meaningful, healthy and rewarding. You are not obligated to devote your free time and disposable resources to anyone or any cause. It’s OK to be a bit selfish at times. + +Lots of people experience true meaning and satisfaction from their paid work. They contribute to their communities and make the world a better place. I sincerely admire, respect and applaud them. I too have experienced lots of meaning from hard work and achievement in the world of paid work, but it came at a price. For me, devoting so much time, energy and resources to career progression undermined authenticity and self actualization. Leaving paid work meant I will never achieve x, Y or Z. So be it. I am much happier and healthier in my current situation. + +Now in my 50’s, I am happier, healthier and more self actualized than ever. FIRE helped me to get here. + +I welcome your perspective and comments. I recognize that this post may offend some. Feel free to let me have it. + + +**TL;DR:** The traditional American work ethic, while admirable and (perhaps) good for the collective, can be unhealthy for the individual. Many of us would be better off if we embraced a degree of self-centered self-indulgence and devoted ourselves to self-actualization instead of productivity, paid work or ‘the greater good’. +Twitter will allow you and its 300 million active users to add their own Ethereum or Bitcoin adress to their profile. + +https://imgur.com/a/OwNR70p +Menu which allows you to copy the Ethereum or Bitcoin adress directly + +https://imgur.com/a/EZdcdG3 +Field where to enter your own Bitcoin adress (potentially using the lightning network) + +https://imgur.com/a/dr93EIM +Field where to enter your own Ethereum adress + +This was reverse engineered by @alex193a, a Twitter developer also has hinted them using lightning network for Bitcoin donations. + +While being very likely, it is still speculation and not final, take it with a bit of salt. +I've posted many times before and have been in this state of holding forever. I'm a software engineer who wants to find a way to make money on the side. I don't mind my day job but it always would be cool to have something to do on the side that could have some upside. I've bounced around web development, SAAS, app development, and algotrading. I'm not trying to be the arrogant software engineer who thinks just because he can code he can make money on the stock market (although I was that guy ~3 years ago). I understand that these things likely take time and lots of studying, which is also why I realize I'm not sure I'll ever get there on my own. + +Algotrading might have the highest level of mastery required. What I have learned over the past 2 years is I love building systems, but have very little interest in learning about the actual finance. + +Those of you that are in my boat, have you ever teamed up with people that do know the market? One of the ideas that crossed my mind this morning, I have a decent amount of c++/C#/python code that I am sitting on. I had the idea of polishing up my 'system' and approaching it with a mindset of helping established traders quickly automate their strategies (some cases are easier than others obviously). + +What scares me about working with other traders like that however, is not really controlling my own destiny. The performance of the software really is only as good as the algorithm or market logic that is running it. Whereas in other fields as a software engineer it basically could come down to how well of an application/website I build (although I guess marketing could play a factor as well...). + +Anyways, those similar to me who have teamed up with traders in the past, how has it gone? Usually I get a lot of messages of people who think that software will make them profitable, and some real traders. Sometimes it gets frustrating because as an engineer some of these traders talk to you like you are lucky to be working with them, when in reality you are probably just as skilled in your respective field as they are if not more. + +Curious to hear if anyone has any similar experience. +I personally have $1000usd to put in, which might be enough to buy 5-6 large companies at bare minimum. Yes, you may lose all your US$, but imagine the feeling of being an Oligarch for a few days. Think of the stories you’ll tell your children, assuming the world exists long enough for you to have children. I would appreciate it if you would join me in this endeavour, and would love to hear your hairbrained ideas/drinks in the comments. +# What is $RAINBOW? + +$RAINBOW is a hyper-deflationary, multi-faceted token that employs 7 resilient protocols which uniquely combine to create a single, robust cryptoasset. Check out the chart and you can see that it **peaks higher with each market cycle!** This is because its seven protocols combine perfectly for a **very bullish token!** + +This project uses first-of-its-kind tokenomics to make it a truly unique BEP20 token that has never before been seen. I am extremely excited for how far this project can go, **it's still so incredibly early to be investing when you read what is upcoming for Rainbow!** + +The developers are creating multiple products behind the RAINBOW brand and are currently focusing on building a decentralised token launchpad service that specialises in user friendliness, flexibility and utility for the native token, $RAINBOW. + +# How does the token work? + +Each buy transaction is taxed 7% and split into seven equal portions: + +&#x200B; + +🔴 **Burn**: A portion is permanently burnt directly to the dead address. Since the dead address also has reflections enabled on it, a faster rate of burning occurs as the number of RAINBOW tokens in this dead address builds. This makes the token truly hyper deflationary, reducing the supply over time and making each token more scarce / valuable! + +&#x200B; + +🟠 **Buyback**: A portion of the tax is sold into BNB which is stored inside the contract. This BNB is then used to purchase back tokens after every sell. The purchased tokens are then permanently burnt, meaning the price permanently increases relative to the circulating supply. + +&#x200B; + +🟡 **Reflect**: A portion is reflected to every existing holder based on the % of the total supply they are holding. This means just by holding $RANBOW you earn an interest yield automatically and straight into your wallet. + +&#x200B; + +🟢 **Charity**: A portion is used to donate to charities that the development team and community feel strongly about. + +&#x200B; + +🔵 **Liquidity**: A portion is used to increase the size of the liquidity pool. This means as time progresses, the price impact of relatively large sells goes down, and larger investors are able to purchase bigger amounts without losing out to slippage. This both alleviates some of the sell pressure whales can put on projects, and allows a larger range of big investors to buy into the project. + +&#x200B; + +Ⓜ️ **Marketing**: A portion is sold into BNB and sent to a marketing wallet. These funds are solely used for business & marketing purposes, helping spread the word of $RAINBOW so that more potential investors are exposed to the project. + +&#x200B; + +🟣 **Lottery**: A portion is held in the contract inside a side pot. These extra tokens are awarded to a random (real) buyer, this provides further purchase incentive for Rainbow and awards real active investors instead of bots. + +&#x200B; + +They also have their own **anti-whale tax** system for large volume sellers - this is incredibly important as it reduces sell pressure from whales considering dumping their whole supply! + +For more in depth information on each protocol and the project in general, check out the telegram: [https://t.me/rainbow\_crypto](https://t.me/rainbow_crypto) or whitepaper: [https://rainbowtoken.finance/whitepaper.pdf](https://rainbowtoken.finance/whitepaper.pdf) + +# Why $RAINBOW? + +Other than the fact that $RAINBOW has a great and unique idea, these are the reasons why I know I want to be a part of it: + +🌈 Promoted by a celebrity and other huge influencers + +🌈 Chart is **incredibly bullish** breaking **ATH after ATH**, holder numbers are growing constantly + +🌈 Still incredibly early to be investing + +🌈 Presale Launchpad "Bifrost" gives a utility for the token + +🌈 NFT Game, Staking, mintable NFTs have all been teased to come in the future + +🌈 Verifiably doxed & experienced developers + +🌈 Viral marketing is being used to create parabolic growth + +&#x200B; + +For all these reasons, this project is more than worthy of being a part of - but don't take my word for it! Read the whitepaper, join the Telegram and as always, DYOR. + +# Links: + +\[Telegram\] [https://t.me/rainbow\_crypto](https://t.me/rainbow_crypto) + +\[Website\] [https://rainbowtoken.finance/](https://rainbowtoken.finance/) + +\[Twitter\] [https://twitter.com/rainbowtokenbsc](https://twitter.com/rainbowtokenbsc) +Thank you to all of r/realestateinvestment community for your help on this. Through post reply / DMs / and phone conversations you guys helped me pushed forward on this one. Can’t wait to go to the next one and glad to have a community behind me! +Can't we just lower the tax rate rather than having family trusts, negative gearing, double Irish sandwiches, capital gains discounts, franking credit refunds, SMSFs, hiding wealth in the home to qualify for the pension, novated leases, income splitting etc. +Total newb question... + +If I sell a stock at a loss inside my TFSA but don't take the money out and reinvest it into something else, that wouldn't affect my contribution, right? Only if I took out the money from the TFSA? + +I guess the question is when the contribution is calculated, every time $$ go in and out. Do I have this correct? +Im concerned by my nephews new found day trading vibe. He's been in to it about 4 months. He said he took a course to learn the basics and he looks for patterns to make his picks. No offence to the lad but he's 19 and pretty dumb, not clever at all. Some of the comments he's come out with in the past weeks include: + +I'm up $10k so far. +Im up $17k (literally a week later). +I just made $500 (while sitting next to me on the couch at 7pm at night - what would he be trading at this time of day?). +I have a feeling lithium will go well today (like wtf is this comment?). +I make more trading than I do at my work (he must make 30-40k year). + +He can't stop talking about it. I don't even answer back any more. Hes booked 1 big trip and is planning another cause he's claims he's making bank. He probably had about 10-15k savings to start with. + +Im concerned he's blowing all his savings gambling which he was saving for a car. What is the likelihood he's actually making this kind of cash? + +What questions can I ask him, or educate myself in to quiz him on it? + +Edit: I commented this below but got lost in the answers. What is going on in this pic he sent me? + + https://i.imgur.com/grSTgGN.jpg + +Is it possible to gain that much in a day? +Compared to the traditional stock market, suppose someone wanted to diversify their excess savings in angel investing, would they get a higher return than something like mutual funds? + +I can see that there are sites like angel co and lets venture which allow people to become angel investors (provided they have a certain net worth). + +What do you guys think? +I've got ICICI savings acc linked with Kite, Coin, smallcase, US stocks, etc. Other than using it for PPF and maintaining a 10,000 balance, its only use is to act as to and from gateway for my investments. Will that be a problem? + +PS: Using HDFC acc for UPI and credit cards, and IDFC First acc to park a small amount as a quick cash in case of an emergency. These 3 plus one salary acc are the only ones I manage. +The dev has been busy on a really nice website (it was a placeholder up until now). Website was just published at 8AM EST. This has burnt LP, a safe contract and a strong core team with marketing plans hitting this upcoming week. In short, this is a meme coin with a lot of growth potential (We love you D-coin, but the returns won’t be the same going forward.) + + +Initially found this project on the ape tool as it got published less than 3 days ago. It was fair/stealth launched a nano MC and they burned the liquidity shortly after. It launched without a completed website yet but they created a placeholder to hold us over until now and have been working on the site, roadmap, marketing plans, etc. I've been watching + +Watching the dev and team deliver on all their promises the last few days has given me a lot of confidence in this project moving forward. + +I’m posting because the Big Chungus Coin/ Chungus Coin BSC project is ready to release V1.0 of the Big Chungus Coin website and get new holders into the mix while at the same time growing our holdings and sharing transaction earnings with those that want to hold and make BCC a force among meme coins. + + +🌐 New, Professional Website: ChungusCoinBSC.io + +🌐 Previous Temporary Website: chunguscoin.xyz (should redirect soon) + +✈️ Telegram: t.me / chunguscoin + +As always, do your own research. Details below. + +🐋 Anti-Whale + +1% max transaction size (relative to total supply) may be lowered per community vote on May 15, 10% tx fee with 7% into liquidity + +💡 Tokenomics + +It's deflationary with 64% burned and 10% fee per-transaction with 7% going to liquidity and 3% going to reflection. The reflection+initial burn results in pretty significant deflation of supply. + +Total initial supply is 1,000,000,000,000 with 64% burned. There is a marketing wallet of 5% that is already down to 4% after a milestone burn. + +Liquidity is locked and ownership is locked to expire in one week on May 15th, at which point it's being renounced. The dev has stated that they want to be able to potentially lower the max tx size at a larger market cap to be more anti-whale/dumping. + +The community will vote on the max tx size before the next period. + +👉 community-based decisions +Logos, marketing spending, memes, and more upcoming -- check out the Roadmap! + +👉 1,000,000,000,000 (1 trillion). + +👉 64% initial burn + +👉 5% marketing but will mostly be burned + +💡 How To Buy BCC (Big Chungus Coin) + +Set slippage to 11% plus (10% fee) max 1% of market cap transaction size! So if market cap is $1K this will limit you to around $10 - $30 in BNB (around 0.02 to 0.05). This increases with market cap. + +⭐️ Contract Address: 0xa397233a0c08052df7569b089864afeb7dc7f8b0 + +🌐 Comfy Website: chunguscoinbsc.io + +✅ Burned Liquidity: bscscan.com/token/0xB3E3B6bb31b0103CCd3a2E2E66e922c7db2fbD99#balances + +✅ Locked Ownership (renouncing when becomes possible on May 15): bscscan.com/tx/0x4b9e4897933267a83b6294e766560446d371fe9ca9dab95539bf23baafca164b + +✅ Chart: charts.bogged.finance/?token=0xa397233a0c08052df7569b089864afeb7dc7f8b0 + +✅ BSCScan: bscscan.com/token/0xa397233a0c08052df7569b089864afeb7dc7f8b0 + +✅ PancakeSwap (v2): exchange.pancakeswap.finance/#/swap?outputCurrency=0xa397233a0c08052df7569b089864afeb7dc7f8b0 +Hi there, + +&#x200B; + +**Basic information** + +* [https://coinmarketcap.com/currencies/bogged-finance/](https://coinmarketcap.com/currencies/bogged-finance/) +* Their first website was [https://bogged.finance](https://bogged.finance), started of as a memecoin to get traction + * You can still find the buying and staking (some tasty rewards, like 1% a day) instruction there + * Don't let the phone scare you off, that was meant for the introduction of this coin +* New website is now live also: [www.bogtools.io](https://www.bogtools.io), which will be used in all communication +* Join the TG community or ask your questions here on how to buy, how to stake or to get to know more about the product + +**This week's roadmap** + +* Launch Price oracles. DONE +* Launch the new website. DONE +* New Branding for [Bogtools.io](http://bogtools.io/) DONE +* Verifiable Randomness Oracle. DONE +* Update Branding on CMC/CG/BSCscan etc. Awaiting Response +* Add Chinese Language Community Manager to our team. DONE +* Chinese Translation & Sina Weibo Setup: In Progress +* Coming Thursday: AMA with Satoshi Club +* Press Releases to BSC News and BSC Daily soon + +**Position** + +* Got in at 50c and bought the majority at 1.50. + +**Updates** + +This coin has been posted in this reddit already. However, a lot changed since then! + +* Edit (just added): They are developing charts for BSC tokens as well as limit orders for those. The chart is already live on [https://bogged.finance](https://bogged.finance) (Version 3) +* The coin only has a 5.5 million marketcap. HOGE had 400 million mcap without a working product and just hype and bigger exchange listings. Imagine what is possible once BOG gets listed on exchanges +* A whale dumped yesterday, so it's a perfect entry point. We see a lot of whales phasing out and get eaten up by smaller bag holders. Which is healthier for the coin. And at this moment a rug pull is not possible at all. +* The project didn't do any marketing yet, except for 2 smaller AMAs. However, on Thursday (so in 2 days) there'll be an AMA in a 50k telegram group ([check out Satoshi Club Telegram](https://t.me/Satoshi_club)) + * So even if you're here for the quick cash, it's a good entry point right now and you can sell it right after the AMA when it blows up +* Last night, they have released another product. The Randomness Number Generator, which is the basis for other coins to use as casino/gaming application. This is from their lightpaper: + * BogRNGVerifiable random number generation using a cryptographically secure off-chainfunction, which will be sent to the oracle when a user requests randomness. The off-chain oracle will callback the requester with the random number, wherein it can be hashed and compared with the number already stored on-chain to ensure the random number has not been manipulated in response to the user request. This can be used for many scenarios: ARGs, casino games, lotteries, and more. +* Even 2 exchanges requested to list this coin, but the founders don't want to make it a pump 'n dump coin. So they said no until they're ready for the bigger launch +* When they're ready, they'll flood the gates with their marketing. Funny note, yesterday a whale donated 9.5k BOGs in the marketing wallet. That's batshit crazy coziness from the community. + +**Want to read more?** + +Want to read what BOG is all about, check this extensive post: [https://www.reddit.com/r/CryptoMoonShots/comments/m4d6e4/bog\_bogtools\_undervalued\_moonshot\_backed\_by/](https://www.reddit.com/r/CryptoMoonShots/comments/m4d6e4/bog_bogtools_undervalued_moonshot_backed_by/) +I seems everyone is predicting continued inflation in the near future. If I have some money that I may want to use for a vacation home down payment in 2-3 years, what should I do with it? The thought of sticking it in savings, makes me sick at current interest rates, where it could lose significant value if inflation is high. But, inflation could also trigger the stock market to contract, making it a bad time to sell in the short term. Since buying the vacation home isn't a must, I could ride it out if necessary, but it wouldn't be ideal given some of our short-term plans that we have been building up to for many years. What would you do if you wanted to use the money in 2-3 years? +This is a total 'Trust Me Bro' post. At the same time, it will link together a LOT of actual facts, and if you connect the dots -> It points to there potentially being MASSIVE GME short positions held by Short Family Offices + +********************************************************************* + +A) What are Family Offices + +Family Offices are PRIVATE investment vehicles which hold money for just one person/one family and do not have to report anything + +Archegos was one such Family Office + +Because they don't have to report anything, they can do a lot more shady things than Hedge Funds (as hard as that is to believe), and negotiate a lot riskier deals with Big Banks + +Exactly what Archegos did + +************************************************************* + +B) Archegos is a small Family Office + +Yes, the Short Family Office that BLEW UP Credit Suisse and other big banks is a 'small' family office with $20 Billion assets under management + +The real big Family Offices are + +Bill Gates Family Office Cascade Investment LLC - rumored to have $100 Billion of Assets + +Bezos Family Office - rumored to have $125 Billion in Assets. It's called Bezos Expeditions + +Please keep in mind that Bezos' father and mother are two of the first investors in Amazon. They have an unknown and possibly massive stake in Amazon. So it is not just Bezos with $150 to $200 billion net worth + +His parents possibly have tens of billions of dollars too + +************* + +Many, many of the top Billionaires + +Please understand that Rich people ALWAYS do stuff like this. Bill Gates started his family office in 1995 - the year that Windows 95 came out + +So this is not some 'new' thing. It's been secret for so long because Billionaires LOVE being able to do everything in secret + +********************** + +We do not know whether or not they have super risky bets like Archegos + +We do know that if Archegos was going to 4 banks and getting loans against 4 different banks for the same SINGLE collateral, then + +it is quite possible that + +a few/some/a lot of these Large Short Family Offices would also be doing similar deals + +******************************************************************************** + +C) All the manipulation and market rigging and LACK OF JUSTICE does not make sense for + +saving Citadel's Ass + +In the grand scheme of things NO ONE cares about some small time $20 billion worth billionaire like Griffin. Did you even know he existed before GME? + +However, it suddenly makes a TON of sense if you realize that perhaps 20 of the Top 50 Billionaires in the world are at risk here + +Perhaps 40 to 80 of the Top 200 Billionaires in the world might be at risk + +Now consider their COLLECTIVE INFLUENCE + +Wall Street and Short Family Offices are all interlinked + +Bill Hwang is a Tiger Cub. Pretty sure many/most of the large Short Family Offices are run by ex Wall Street people + +Where else would they get domain expertise in cheating and stealing from every day people, other than Wall Street? + +So, when infinite money glitch like GME and other heavily shorted stocks comes around + +Short Family Offices have two options + +Option A: Sit around and do nothing. Let Wall Street Short Hedge Funds make all the money + +Option B: Jump in and ALSO take advantage of Infinite Money Glitch + +You think Billionaires became billionaires by passing up money making opportunities? + +******************************************************************* + +D) Bill Gates admitting that he has a $500 Million short bet against Tesla gives us a very valuable data point + +A company like Tesla, which no one in their right mind would short because it is such a strong story stock + +was being attacked by Bill Gates. Almost certainly through his Short Family Office + +Dude is willing to take on a trillion dollar company run by world's richest man (Elon Musk) + +What do you think that same Short Family Office thought when it saw GME and other Brick and Mortar Companies + +And then The Pandemic happened + +At the start of the pandemic -> anyone who had money and influence must have thought it is the opportunity of a lifetime + +attack brick and mortar companies + +pass legislation and do lobbying to hamper small and medium companies + +bankrupt them and take market share and assets for cheap + +******************************************************************* + +E) With GME we get four possibilities + +Possibility 1: Short Family Offices did not short GME + +Unlikely, and should still be considered a possibility + +**************** + +Possibility 2: Short Family Offices were shorting GME right from the start, alongside Short Hedge Funds + +We can see how many billionaires such as Amazon and Google Billionaires would benefit from this + +We know there is a Wolf Pack - a group of Short Hedge Funds that gang up on endangered companies + +We know that Amazon partnered with Bain and BCG etc and attacked Amazon competitors + +It is not a big jump that Short Family Offices are partnering up with the Wolf Pack and other short Hedge Funds to attack their Billionaire owners' rivals + +and also to attack weak companies + +************* + +Possibility 3: Short Family Offices found out from Wall Street Connections (most are Ex Wall Street) and jumped in to shorting GME + +********************* + +Possibility 4: Short Family Offices knew about GME being shorted, and then Pandemic happened, and they thought of it as + +either + +Infinite Money Glitch + +and/or + +Best time to eliminate brick and mortar companies + +And at start of Pandemic the Short Family Offices started shorting GME and some other of the heavily shorted companies + +******************************************************************** + +We have to consider all 4 possibilities + +The 3 possibilities that Short Family Offices are shorting GME are very strong because these are some of the most money driven people on the planet + +Just to become a billionaire takes an insane amount of money focus and money need. Imagine the drive and hunger to become worth $20/$50/$100 Billion + +That is why these people are always claiming 'I did it for the nookie' and 'I did it for the endangered species in Iceland' - they are scared of their rapacious lust for money becoming common knowledge + +************************************************************************* + + +What happens when we tie all these facts together + +1) Archegos was a short family office + short family offices do not have to report anything + +2) Archegos is a small family office compared to Gates and Bezos family offices + +3) Most of the Top 100 billionaires have family offices + +4) Bill Gates admitted to half a billion short bet on Tesla (imagine the balls on this Dude - to be shorting a stock like Tesla that can cause massive losses) + +5) GME went through a period of weakness + +6) That GME period of weakness was intensified and pandemic made it seem GME might get wiped out + +7) It seems that entire US Government is against GME MOASS and is trying to delay it + +8) Complete and utter Lack of Justice - which suggests some very powerful people are delaying the MOASS + +********************************************************************** + +Short Family Offices are part of the hidden 9/10ths of the Iceberg + +Melvin Capital getting wrecked is The First Chapter + +We are going to see a lot of surprises + +A lot of billionaires who get wrecked when MOASS happens + +Please check and see if they had Short Family Offices and whether or not those Short Family Offices had short positions on GME + +************************************************************************ + +This also means that Apes have to show patience and focus on what Apes can control + +locking up the float + +buying more shares + +buying more from GME (what Mark Cuban said - support the company by buying its products) + +support GME initiatives like Wallet + +The most popular wallets have million to a few million users - GME shareholders alone can make GME wallet #1 wallet in the world + +support GME NFT Marketplace + +***************************************************************** + +Paytience - Short Family Offices might be the reason the MOASS has been delayed + +And Apes don't just have to take on Griffin and Citadel + +Behind the scenes the Short Family Offices of 20 to 40 of the Top 100 Billionaires in the world might be involved + +One Unexpected Plus: That means there is a LOT more money available than just DTCC Insurance and Fed Printing Press. A lot of very rich billionaires (if they are short GME) are going to share their wealth with GME shareholders + +************************* + +Edit 1 -> This is from an Ape who doesn't have Karma to comment on SS. He's Trust Me Bro too, just like OP (me) + +Comment -> I work in FO, + +I think something else you should consider is that MFO’s often invest in institutions like Citadel in private pools or short term private placements often providing liquidity to the institutions when they are in a rough spot. + +(I’m personally long GME, my office does not currently work in equities.) +Did you miss Safemoon? Are all of your friends asking you about Doge? + +Moon Bud brings a real use case to BSC tokens. The dogs are getting SAVED. Think about when you tell you friends about the coin that helps dogs with EVERY TRANSACTION. + +In fact the very first donation is going to be $140,000. Yes, I said the FIRST donation. If you think anything like me, your brain is imagining MILLION DOLLAR DONATIONS being handed directly to these doggos. In my opinion, I can’t imagine a 7 figure donation for dogs NOT hitting the front page. + +Donation most likely coming this or next week, more details in the telegram. + +If you understand SEO, you understand that anything dog or moon related is on fire right now. I’m here to tell you that most coins run by honest developers are going up. Why? Because the Crypto market is expanding like crazy, and there is BRAND NEW money in the space each day. + +I believe MBUD will moon. + +Here’s a big reason I invested. The Dev wallet is locked for 3 months… What does that mean? If MBUD fails, they are broke. All of them have quit their jobs because they saw how big of a raging hole there is for opportunity in this space! They know what Moon Bud can do. + +It’s rug proof, the market cap is only 2.3m… Let’s do some math. If you put in $1000 now, and it goes to 230m (not accounting for token burn) that 1k is worth 100k. For reference Safemoon is near 8 Billion… Oh and remember “Cummies”, yeah that token got up to 300m… + +Do you want a real shot at life changing wealth, while you save the dogs? + +BUY THIS FUCKING COIN. + +I can’t promise anything, but I’m selling my car tomorrow (I hope) and I will leave proof if requested, in order to buy more. + + + + + +Website: [https://moonbud.space](https://moonbud.space/) + +Telegram: [https://t.me/moonbudofficial](https://t.me/moonbudofficial) + +PancakeSwap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +Contract: 0xbe8183612f145986a41ad8e8fcfefed1c2f9deba +Games Workshop released their interim results (6 months to end of Nov 21). + +Reading through its all positive: +- revenue is up £5m to £191.5m for the 6 months +- operating expenses are up £5m (due to some very generous staff salary increases) but net profit is only down £2m +- dividends were 115p vs 80p last year in the same period + +Outside the finances, its been another fantastic period for GAW. Their fantasy line is absolutely booming more now then ever before, and with some big releases planned for 40k (with some good media presence too coming) it should be another great year in 2022. + +The share price took a 10% hit today post news which makes no sense. EPS is only down 5% on the same period previously but everything is pointing to great results in April. + +The only gripe about increases espenses is due to the investment the firm is making in their staff, which I think should be lauded in this industry. I can't think of any other manufacturers/retailers who invest in their staff as much as GAW and their 98% staff retention YoY shows that. + +90% of my wealth is in simple index funds. A significant amount of the remaining 10% is GAW (most bought at £10 a share). I'm so tempted to top up a whole whack more as I see the recent drop just a knee jerk reaction. + +Any other views. +I have never posted here before with a buy or sell recommendation except for today to warn all of you about jumping into WISE. Yes the dip looks appealing but as with most things there's a reason it's tanking. + +1. WISE co-founder dumped most of his shares. + +2. No moat and many potential competitors like PayPal, Square and even Visa themselves. + +3. Facebooks Novi çrypto wallet poses the biggest threat. Partnered with Coinbase they have a customer base of some 3billion users, all with no fees using the pax pegged dollar. + +Yes there is still a market for WISE but there's an even bigger market for zero fee transfer of money and there's no shortage of competitors. I'm saying it right now WISE is a lost cause and sure it may go up tomorrow and I'll look like an idiot but long term its going to cause you a lot of pain I suspect. + +Maybe trade around the stock if that's your thing but if you're thinking long term please consider putting your money elsewhere. This is my personal opinion and whether I'm right or wrong this isn't financial advice. +Wondering if anyone has any particular thoughts on the WisdomTree emerging markets small cap dividend fund? I'm considering whether to hold this within portfolio rather than the broad based MSCI index? I believe that over time exposure to small and value should provide a premium although likely to be at higher volatility. This specific fund is closest can find on LSE that can get me exposure to these. The fund is quite small though and as has an OCF of 0.54 and indicative spread of 0.8% would you say this could be an expensive fund to hold long term or is there likely to be any other risks you see with holding this over the cheaper Vanguard MSCI index? + +Thanks +Final edit: + +#GO READ AND COMMENT ON THE SEC RULE PROPOSITIONS! + +Edit: **if I missed anything, please let me know in the comments.** +Edit 2: [SEC comment link - please consider commenting](https://www.regulations.gov/commenton/EBSA-2022-0008-0006) + +You know what? Nothing confirms my bias more than censorship! + +Shorts didn't close, they are desperately fighting us now. + +No more arrogant remarks, no more shilling. Now it's serious. Watch as they will try to get this sub closed down soon. + +Some of the reddit a dmins must be compromised by now, it's evident by the amount of innocent people who just got banned for 3 days just now, even the historian. + +Even a mod here got temp banned! + +Also imposing draconian overreacing rules like the username thing. Obvious desperation. + +**Edit: recapping the new rules, that are for this sub only, if u didn't know:** + +- We can't mention other subs. + +- We can't mention usernames + +- we can't even mention the name of this subreddit, in this subreddit!!! (In screenshots) + +It's clear that the DRS rugpull ^(see footnote) was their last Hail Mary (you stupid fucks, lol) and now they have no more covert strategies - they have to go fight us in the open now. + +If it wasn't apparent before, it is now. No way there would be this amount of a dmin attention and censorship if shorts already closed their positions. + +They can't control the narrative anymore and now they have to fight dirty, out in the open. I wouldn't be surprised if the word 'DRS' was the next shadowbanned expression, causing autobot to delete half the contents of this sub. + +More risky for them. They are exposing their weakness. An honest a dmin could leak the damning information. The more they fight us, the more they reveal their fuk'd'ness and attract more GME investors. + +We are close! + +Merry Yuletide + +tl;DRS + +--- + +In case anyone wonders what I mean by "DRS rug pull": + +the theory is that hedgies either directly or by proxy had institutions directly register shares for the first two quarters (to throw off the estimates by the bot and scraper) and then pull them again from the DRS system in Q3 to make it look like DRS official numbers were falling. + +But try as they might, we still had an increase in DRS numbers, and as a bonus saw right through their shitty scheme. Needless to say, the rugpull didn't work, and now hedgies are bare to square one, as fuk as they ever was +First off, this probably isn't the right sub. If there's a better one, I'd really love a recommendation. + +I've been in the process of buying a house and got pre-approved and all that with a lender local to where I'd be moving. We went under contract about a week ago and finally got the rates this week, which seemed high. So I shopped around, got some quotes for way lower, and asked my original lender if we could get closer to what I was seeing elsewhere. + +I was in lending for a bit, albeit a different kind, and this was common practice. However my original lender kind of went off the deep end and said because we were shopping rates that she'd cancel our appraisal appointment and tell the seller that our financing was in jeopardy. + +In my flavor of lending, the technical term for this kind of thing was "absolute bullshit". I'd really like to make a report to her licensing board for trying to blow up the sale, but even after some google searches I'm not sure where or who. Anyone have some advice? +**For anyone new to Invictus Energy (IVZ) story!** As the interest in this company grows and operations begin to heat up 🚀🚀🚀 I thought I may be able to assist with a brief summary of IVZ’s story. Please note, the below summary is based on my own research and may contain inaccuracies. Please do your own research before making any investment decisions. This is not financial advice. + + +*Synopsis: Invictus Energy is an upstream oil and gas exploration company that currently has 80% commercial ownership in an exploration project, SG 4571, being undertaken in the Cabora Bassa Basin, Zimbabwe. The main asset target, the Muzarabani prospect, has 5 stacked targets that were independently assessed to contain an* ***elephant size*** *estimate of 8.2Tcf and 249 mmbbls. The License also contains the Msasa Lead which is estimated to contain 1.05Tcf and 44 mmbbls. It is referred to as* ***one of the largest untapped oil and gas deposits in the world.*** 🙌🏽 + + +**SG 4571 License Prospect** 📋 + +The SG 4571 license is held by Geo Associates Ltd which is partially owned by I**nvictus Energy (80%)** and a local partner in Zimbabwe, One-Gas Resources (20%). The agreement allows One-Gas to participate in upstream, midstream and downstream segments of the oil and gas industry. + + +**Location** 🌍 + +The license area covers approximately 250,000 acres (101,000 hectares or roughly the size of King Island, Australia) in Northern Zimbabwe and runs along the border with Mozambique. The project site is roughly 4 hours North of Zimbabwe’s capital, Harare and access to the site is via a sealed road that goes until 1km from the proposed well site. + + +[Continental Location](https://preview.redd.it/legrg6xi7z071.png?width=668&amp;format=png&amp;auto=webp&amp;s=d107a0caeffe701b5bfa926f262b2796591eaa7a) + +[Regional Location](https://preview.redd.it/5j0btu9k7z071.png?width=776&amp;format=png&amp;auto=webp&amp;s=a4b92ee337c1e1cc274fd11cceec0bf477db6014) + +[Location of Prospects](https://preview.redd.it/nocq8rfo7z071.png?width=807&amp;format=png&amp;auto=webp&amp;s=bd1d8f7ceb0a6fd5d32a79d2cc719b9be9eecd21) + +**1990s Mobil Exploration** 🛢🛢 + +During the 1990s, Mobil conducted an extensive exploration program of the Mzarabani anticline in Africa, which extended from Victoria Falls to the Cabora Bassa Basin. The region of Muzarabani was selected for further analysis due to its favourable depths to host a conventional gas target. **US$30 million** was spent to acquire surface and subsurface data, including gravity surveys and over 1600 line kilometres of 2D seismic data. The studies determined that the Cabora Bassa Basin had all the required ingredients of a working petroleum system yet they relinquished the acreage when **their studies revealed that the basin had a higher potential for gas than oil**. Mobil at the time was exploring oil due to the lack of a structured gas market in the region and globally. Additionally, the Zimbabwean government in the 90s was under the regime of Robert Mugabe, a highly chaotic politician, so the sovereign risk was extremely high. The prospect was left dormant until 2018 not because of the technical issues but more because of the above-ground commercial issues (the previous government was overthrown). + +Mobil’s 1990s exploration program was during the pre-internet days so the dataset was not available in the public domain and just lay dormant and unknown. Invictus Energy was able to acquire the dataset due to the company’s competitive advantage of their presence in Zimbabwe (thanks Scott!) + + +**Reprocessing of Mobil Data - 2018** 🧑‍💻 + +Having acquired ownership of Geo Associates Ltd in 2018, Invictus sought to engage an independent party, Sewell and Associates, Inc, to reprocess Mobil’s original dataset from the 1990s using **updated processing techniques, basin modelling** and **industry classifications of source rock types**. Invictus also contracted independent global geoscience and geospatial services firm, Getech, to estimate the [**resource potential**](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02119028-6A935205?access_token=83ff96335c2d45a094df02a206a39ff4) from the interpreted data. + + +[Estimated prospect resources](https://preview.redd.it/lqp9eb8q7z071.png?width=1213&amp;format=png&amp;auto=webp&amp;s=b38c4c5d936c560055024520bace8ff125d48c34) + +Getech also stated that “The Best Estimates reported represent that there is a **50% probability** that the actual resource volume will be in excess of the amounts reported.” + +To put this resource size in perspective, the Pluto Gas Field Australia which has been a major cash-generating asset for Woodside has only half of Invictus’ estimated resources. + +[5 prospects with 1 well](https://preview.redd.it/mm2l76pr7z071.png?width=978&amp;format=png&amp;auto=webp&amp;s=4cc000b658f2e109992fb3e63f854a7637bdd5bb) + +As can be seen from the infographic, the most exciting opportunity of this project is that **5 of the reservoir targets can be drilled with only 1 well**, significantly reducing the capital costs required. Also, drilling a duster on one target doesn’t necessarily mean that the others are dusters. + +[Updated 2D seismic lines](https://preview.redd.it/zj03jgly7z071.png?width=1745&amp;format=png&amp;auto=webp&amp;s=7e3128b50d9494bf17ea8a442b52c69675e76a14) + +[Cross-section of prospect](https://preview.redd.it/9po2faqz7z071.png?width=944&amp;format=png&amp;auto=webp&amp;s=8346a71942ef2e33d9182d19a19824e32f1e99be) + + +**Geochemical Analysis of Source Rock - 2019** 🗿 + +In 2019, Invictus conducted a geochemical analysis from an outcrop source rock sampling program. The analysis was made by Geomark Research. A total of 19 samples were obtained for source rock analysis, with 7 of these samples undergoing saturate/aromatic, biomarker and isotope analysis. + +The analysis confirmed that at least two source rock facies are present in the Cabora Bassa Basin. The Mkanga Formation consists of a high-quality oil-prone lacustrine source rock, and the Angwa Alternations Member consisting of good quality gas and liquid prone source rock. The analysis also **confirmed the ability of the source rock to generate significant quantities of hydrocarbons**. + +The source rock analysis **also correlates with source rock data** from other African and West-Australian Basins where **billions of barrels and multiple TCF gas volumes have been discovered.** This has provided management with great confidence over the prospect and they believe this correlation is the most substantial element of the project. + +[Cabora Bassa Basin Stratigraphy](https://preview.redd.it/7cm5jms18z071.png?width=558&amp;format=png&amp;auto=webp&amp;s=a078dd25165f2595afc988d80b627b94acf9a0c3) + + +**New Seismic Data Acquisition - 2021** 🔎 + +The recent prospect estimates and basin modelling have all been calculated from the 90s raw legacy dataset. Exploration data acquisition methods, equipment and analysis have significantly improved since then, therefore allowing for more accurate interpretations. + +In April 2021, Invictus engaged Polaris Natural Resources, Canada’s longest-standing seismic company, to provide acquisition services for a 2D seismic program. The aim of this seismic campaign is to acquire refined seismic surveying lines that will assist in **selecting the drilling site location that will efficiently and effectively hit all 5 stacked targets with one well**. Plus, Invictus also hopes to unveil additional resource prospects. The 1990s dataset from Mobil had seismic lines of 15km however with the new data captured by Polaris, Invictus intends to refine the seismic lines to 2km (providing greater accuracy and clarity) + +The Polaris team behind the operation have recently completed the ReconAfrica prospect in Namibia, which demonstrated a substantial working petroleum system. From late May, it is expected that seismic surveying campaign work will take between 6-8 weeks and 1-2 months for analysis and interpretation afterwards. + +Invictus and Polaris are looking to employ and educate some 80 local personnel for the project, which bodes well for local sentiment towards the project. + + +**Chance of Success**📈 + +The estimated chance of discovery from the primary Upper Angwa target in the Mzarabani Prospect is 11%. The secondary Pebbly Arkose target has an estimated chance of success of 7%. The Dande, Forest and Lower Angwa have an estimated chance of success of 5% within the Mzarabani Prospect. The Msasa prospect has an estimated chance of success of 5-6% for all stratigraphic levels. Scott has previously stated that the COS is 35% - https://www.youtube.com/watch?v=3w12wVbUTBs&t=2394s. The Oil &amp; Gas industry average, as mentioned by a friend who works within the industry, is around 30%. In reality, though the chance of striking oil and gas is either 0 or 1... The oil is either there or it isn’t. + +The mere fact that Scott and Stuart, who have years of knowledge and technical experience, are quoting a 30% chance of discovery gives me confidence. I have not based my investment on the above statistics and neither should you. + + +However, it is important to note that this project is in **Wildcat territory** meaning that there are no close-by oil and gas projects that have confirmed the presence of reserves. This alone increases the risk significantly. Invictus Energy will be the first mover into the region, therefore this prospect carries a greater unknown as to whether reserves are there or not. + +From a technical perspective, Invictus has been able to **utilise the knowledge and data from successful prospects in East Africa** to compare their own datasets. Commercially, Invictus has used the comparable operations as case studies to help determine what is required to make their own project viable, thus assisting in creating a higher chance of commercial success. + +Chance of Success is calculated by combining all the data of a prospects **reservoir, seal, traps, source rocks** and **migration.** For the geology and mining nerds out there, [**THIS DOCUMENT**](http://envoi.co.uk/wp-content/uploads/2019/10/P255Invictus(Zimbabwe-SG4571)EnvoIProjectIntroduction.pdf) and [**THIS DOCUMENT** ](https://www.invictusenergy.com/wp-content/uploads/2021/04/6955885-2.pdf)is definitely worth reading as it details the above aspects in great detail. + +**PLEASE NOTE** that I don’t work within the oil and gas industry nor have any technical knowledge to interpret the information presented. I have spoken with two friends that work within the exploration industry and they are quite excited about the project's prospects. A similar sentiment can be found from industry professionals on forums. + + +**Project Timeline**🗓 + +*Previously completed* + +* Apr 2018: Invictus Deal &amp; Share Placement +* Sep 2018: Oil potential and source rock study +* Nov 2018: Independent Prospective Resource Estimate +* Feb 2019: Key Seismic data received +* May 2019: Gas Sales MOU with Sable Chemicals +* Jun 2019: Independent Perspective Resource Upgrade +* Jul 2019: Dr Stuart Lake appointment +* Nov 2019: Geochemical analysis of source rock type +* Dec 2019: Gas Sales MOU +* Jan 2020: Project received priority status from Government +* Aug 2020: Environmental Impact Assessment approved +* Nov 2020: Invictus receives non-binding farm-in agreement +* Mar 2021: Invictus signs Petroleum Development Production Agreement with government +* Apr 2021: Invictus awards seismic contract to Polaris + +*Future* *(expected)*