diff --git "a/reddit_finance_43_250k_152.txt" "b/reddit_finance_43_250k_152.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_152.txt" @@ -0,0 +1,10000 @@ + +EDIT EDIT EDIT: Almost 2am and I have to be up in a few hours... I am blown away by the amount of interest. Thanks /r/investing... I will pm everyone details of the stream later and post another thread at some point. As a reminder I do not want to discuss stock picks, how to value a company, how to pick the best stock, etc... Investing in the stock market is **very risky** and I strongly advise against it without the proper education, practice, and understanding the risks involved (which aren't even clear 100% of the time). Even with the experience I have I would consider myself an amateur and as I mentioned earlier my own portfolio is still in the red. I am simply interested in answering basic questions to understand how markets work, theories, and verbiage. Hopefully this is still valuable for many of you! Thanks! + + +**Update: Sorry for the delay everyone... I am quite busy this week but have decided to do the stream next Wednesday, July 11. I will still be PM'ing everyone with more info and post a new thread with information in the next few days. Thanks!** +I am in the process of finalizing exactly what i want me portfolio to look like i want it to be simple, diversified, safe and efficient. + +VTI is my main holding at 70%. That will not change. I allocated 10% to stocks (my play/ fun/ risk), 5% to SCHD for dividends/ mostly value stocks, 5% to SMH (semi conductors), and 5% to VIS (Vanguard industrials) due to VTIs lack if industrials plus i believe infrastructure will be a big thing year over year. So that leaves me with 5% to go. + +I am debating on whether that is better allocated to tech heavy QQQM and QQQJ or VOO. + +QQQM +This is the alternative to QQQ but has a lower daily volume and expenses ratio. They are identical, however, QQQ does hold one more stock than QQQM according to a few tools I've seen and this does result in a higher performance for QQQ (less than 1%) + +Tracks nadaq top 100 stocks +Tech weight- 63% +ER- 0.15% +YTD- (-)0.47% +1 year- 71% +5 year- 24% +10 year- 20% + +QQQJ + +Tracks nasdaq 100-200 stocks. +ER- 0.15% +YTD- 1.67% +1 year- 18% +Unfortunately this ETF is new and doesnt have any more performance data. + +Average YTD return- 0.59% +Average 1 year return- 45% + +VOO + +Tracks the top 500 of the S&P. + +Tech weight= 34%. +ER- 0.03% +YTD- 4% +1 year- 62% +5 year- 16% +10 year- 14% + + +Performances wise Voo best QQQM/J over the last year however QQQ has best VOO year over year. + +7 of the top 10 holds of VOO (~23%)/ QQQ (~44%) are the same however hold they hold a much heavier weight in QQQ. + +79 of QQQMs 103 holdings and 42 of QQQJs holdings are in VOO for a total of 121 holdings for abouts a 60% find overlap. + + + +This is where im not really sure which is best for me. + +On one had QQQM/QQQJ have consistently out performed VTI while VOO has fallen just short or been withing <1%. + +QQQM/J is much heavier into tech than VOO. which i believe to be a downside in the long 15-20 year hold (6 months ago I wouldn't have thought that but this correction we are in has humbled me). VOO does provide a much better diversification than QQQM/J while still being overweight in tech. + +The lower ER of VOO is a nice bonus. + +VOO does also have about 0.5% higher dividend pay out than QQQM/J put together. + +VOO is 98% large cap stocks while QQQM is 100% large cap but QQQJ is primarily Mid/ small (no actual weight available when i researched). + +Note- due to VOOs S&p weighting it has survived this dip we are in much better than QQQM/J, however, has the S&P rises to new highs will we see a pull back thatll wash that fact out...? + +In the end which is better is the question. + +Someone who believes in tech and or believes in up and coming tech could be easily persuaded to QQQM/QQQJ. + +While someone looking for diversification and less risk while still toting a nice return would be interested in the 500 holding VOO. + +Which will out perform the other over the next 20 years? Well that is a good question. + +Right now after this DD.... I am leaning towards QQQM/J. but i also am very tempted by VOO due to its wider holdings, lower ER and performance. +I see a lot of ppl with so many etfs in their portfolio. my portfolio has 1 for emerging markets and one for world am i doing somtin wrong? Should i expand my portfolio? Or is havinh more just a safety net incase some etf will fail? +I see a lot of ppl with so many etfs in their portfolio. my portfolio has 1 for emerging markets and one for world am i doing somtin wrong? Should i expand my portfolio? Or is havinh more just a safety net incase some etf will fail? +Anyone around since 2016 might feel like ETH has been undervalued lately. + +First off, ethereum is actually pretty scarce. On the supply side it takes 6 ETH to get 1 BTC, but price wise it takes 33 ETH to get 1 BTC. I don't believe for a minute that ethereum should have 17% of the market cap of bitcoin either, it should be correcting upwards. + +ETH was cruising comfortable around the $200-$300 range for quite some time while other coins simmered. Now that bitcoin has been picking up more recently ETH hasn't been keeping pace with it until just today. + +Frankly, the ETH dapp ecosystem is much stronger today than it was in 2016-17. A lot of the garbage has been shaken out and several great projects have remained at the forefront. + +Consider that in about a year, serenity can hit with Staking rewards for holding ETH in nodes. Whether it's 32 ETH per node or 95 ETH per node, the bottom line is that accumulation now can pay off in the form of more staking rewards later. A single full staking node could cost so much as $5500 at current market prices and the days of <$100 ETH are long gone. + +Enjoy the ride +Look, I'm prepared for the downvotes but I believe this needs to be said and genuinely considered and acted upon - just like you're acting upon the DRS movement. + +Options. Scary, right? The sentiment I've seen towards options on this sub is worrying, to say the least. Options are frowned upon and people seem to think they're a crime to touch for GME holders. This is BS, imo. If you're anti-options, I would love to hear why (like seriously, feel free to rip me to shreds in the comments). + +# What happened in January 2021? + +Ah, the sneeze. It's been a year and apes have heard this story many, many times... shorts, hedging, gamma ramp etc. Yeah, we all know what happened, yet we still seem to not grasp the concept that a significant catalyst for the sneeze was due to call options. + +The week leading up to the "buy button" incident, the price of GME was going up, up and up, bringing almost every call option ITM. The option chain added strike prices up to $570 which GME was comfortably going to fly by. **GME was genuinely 30 seconds from blowing up the entire market**, not just GameStop shares - the ENTIRE stock market. Hence - the buy button (disgusting). The hedgies and market makers literally ran out of liquidity and **couldn't** hedge for the options anymore without blowing up. + +&#x200B; + +[Weekly Option Chain 29 Jan 2021](https://preview.redd.it/7kby35tnqcf81.png?width=1892&format=png&auto=webp&s=a921632b704f535e0ddae194f8c57cef95976779) + +&#x200B; + +&#x200B; + +[Distribution of Options 29 Jan 2021](https://preview.redd.it/m4bp3qmsqcf81.png?width=1142&format=png&auto=webp&s=a61f43f81acdb5c7598c6f609a848038d75524b3) + +You see, as more and more call options went ITM and were being **exercised** (important), market makers were **forced** to hedge these shares. Not a can-kick down the road, not an IOU (yeah yeah I promise I'll get you the shares later mate), not an, "oh, got any shares I can borrow my bro?" They were **forced** to go into the open market and buy shares at whatever price they could get them for. + +Anyone remember the people whose shares sold for over [$2600](https://i.imgur.com/nszA7MY.jpg) and well over $5000 (can't link this one) during the sneeze? Do you realise the severity of this fuck-fest they were put in? Mind you, this was before a significant portion of the float was locked up. We love ComputerShare. + +# Okay, nice throwback Condor, but why are you telling me this? + +I guess what I'm trying to say is what many other apes have been trying to say for months now. Options aren't the devil. In-fact, they're literally the perfect catalyst to ignite this fuse and end the can-kicking. DRS is removing liquidity from my favourite stock and the reason the buy button was turned off was due to *lack of liquidity.* Can you imagine what chaos it would cause if there was another gamma squeeze with fuk all liquidity nowadays? Even back then with a lot more liquidity, sell orders were executing for absurd amounts (in comparison to the ticker). This is the MOASS. This is how it begins. + +I'm not here to ask you to YOLO into call options - no, that's retarded, even for us. Weekly options are also retarded - pretty much a gamble. Far-dated call options -> bingo. + +I'm prepared to get flamed in the comments and prepared for a downvote galore, however, you need to get this through your head. + +DRS = less liquidity. + +Call options = price increase. + +DRS + Call options = MM's having to hedge for a fuck ton of shares with fuck all shares able to be hedged. + +The main responses I see from other posts in regards to options is: "well I don't understand options so I'll leave it to people who do." + +As much as I understand what you mean, it takes money to buy whisky - it takes learning to get tendies. + +Again, I'm not you. I'm not telling you to do anything. You're you. You do you. I love you. + +I understand this post may get buried, ignored, or straight up downvoted to oblivion, but please try to understand the chaos options can cause to the market makers. **Stop ignoring options.** + +Love you guys, take care, leave feedback. + +Edit: as expected, I’m getting flamed, being called a shill etc. + +I’d just like to restate: in no way am I trying to distract you from DRS. Prioritise DRS before anything. I’m just trying to portray how much of a kick in the nuts it is to MM’s when they are FORCED to buy shares from the market - no can kicking BS. + +As much as I appreciate constructive criticism and feedback in general, I wish the comments were less aggressive and we could have a discussion rather than attacking. + +Still love you guys. +I saw a video on Hedge funds on YouTube and I'm curious how they are constantly giving good returns. +1. Now I'm curious to know how are they different from Mutual funds and are they regulated the same way? +2. Are retail investors allowed to invest in them directly? +I’ve been following Superstonk since it started. If I had not seen the posts about the real estate market and MBS’s/the coming fallout, I probably wouldn’t have refinanced my house several months ago and got rid of my HELOC and got a better interest rate. I don’t think I could’ve survived financially with the variable rate on my HELOC. For once in my life I was educated and prepared for what was coming. Thanks apes! +Im a 22 year old guy I live with my single mum. I find a job but every time the starting day comes i turn into an anxious wreck. I had worked with family doing air conditioning installs in sydney and KFC up until 2017 when i had a brain aneurysm burst. My HSC studies went out the window and so did my chances of driving and such. I feel like im letting my mother and family down by not making enough money. I am on the DSP at 500 dollars weekly. Should i speak to a psychologist? Im not sure what to do? Im young and everyone wants me to work plus i feel like i owe it to them for helping me. I dont really know what to do. + +An update 20/9/22: I have a list of things to discuss with my gp and an appointment is booked for tomorrow, i spoke to my mother and am having a discussion with my sister over dinner tonight about anxiety. I will continue to update you all next week! Thanks so much everyone. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + +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! +# Two New Mods + +Hi everyone. Really short post. We have added two mods to help with general moderating tasks around the sub. They are going to be long term mods, and they are so far impressing the rest of the mod team. I think we have some dedicated people coming in. + +As I forewarned, we would be expanding the mod team, and creating a structured system of limited permissions for each mod. It still stands that "config" permissions only exist for myself u/redchessqueen99 and u/rensole. We are still working together great, and these changes were discussed and agreed on with the mod team. + +Actually, these two have been in chat with us for a day or so and we're getting along great. + +**Please welcome** u/Nauaf101 **and** u/Hieronymus1_1 **to the mod team.** + +# Restructuring + +Please do not be alarmed if over the weekend (April 9-11) you see mods being removed. **I am going to be moving** u/rensole **to the #2 spot on the mod team (I am admin, Ren is Top Moderator after me)**, and then preserving hierarchy by removing mods and re-inviting them. To some, that may be alarming, so I am warning you now. All the mods know we are doing this. It's coordinated, so rest assured, the mods will all be added back quickly (or as soon as they accept because I will be doing it as quickly as possible). + +This restructure is a one time thing and you do not need to worry about it happening all the time. It also is a critical aspect of our mod structure, as Ren and I will be a double-layered defense against any compromised mods. + +That's about it. Thanks everyone! + +♦️Red + +EDIT: It's looking like this will primarily be done tomorrow. Rest assured u/rensole will not be removed at all, only the other mods and then reinvited in order. Thank you! + +EDIT 2: Also, we have a few mods who are not that active, so we may rearrange slightly so that the active mods doing some great work are higher on the totem pole. We want an active mod policy of sorts. + +EDIT 3: Please note that despite this hierarchy, all mods are considered a team in all regards and autonomous in some. Ren and I are equal admins, and the mods are equal mods. This is a big part of our organizational leadership, as it allows mods to be independent but also have accountability. + +EDIT 4: u/atobitt will be added to the mod team as a strictly DD-focused role with limited permissions for reviewing DD posts and SuperstonkBot +Not a trip or anything. Just what do you do? Any real details. I could technically retire now ($2.1m liquid, not including my house), but I wanted to get to $3m in case I have medical issues, etc... and I don't like to budget. I am close to retiring myself. I am 46. + +I am worried if I retire, I'll just sit on the couch all day long and watch TV or play video games. +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 have been on edge in my current role of 2.5 yrs as a Senior public accountant in a mid-tier accounting firm. It will be 6yrs since I started in this industry this July. I have grown to very much dislike what I do professionally over the years, but I am in my last year of my CPA course and will probably wait it out until I complete it at the end of the year before I hand in my resignation. My question to all you professionals that dislike your job very much, how do you block out all your work-related or work thoughts once you finish work??? Cuz, currently its taking a serious toll on my mind, every working day it's miserable. + + + +Edit: Appreciate all the replies, I will also add how do you cope with a job you loath so much, but can't leave because you need the money & need to finish a qualification? +As title says, how many times did you “wipe out” your account before you became consistently profitable? I put wipe out in quotes because I don’t mean like you went bankrupt and lost your family as collateral or something lol, I mean just how many times you lost your trading capital. + +I ask this because I took a fat L yesterday so I wanna hear some of your stories to cheer me up while I work on not being a dumbass + +Edit: Some missed a key point in my post, so I want to clarify, I did not blow up my full account, I blew up 0.05% (not even a full 1%) of my account, this is what I consider my “trading capital” as I use this for practice till I get enough experience to size up, rest is locked away. I am full aware that you shouldn’t go all in or that you should set stop-losses, I just happen to make a really dumb FOMO decision after a day of overtrading and sleep depravation so I wanted to hear some of your dumb mistakes in the past + +anyway conclusion: fomo while sleep deprived after 10 straight hrs of trading nonstop is BAD lol +I’ve noticed most posts in this thread are focused on net worth and total amount in savings vs passive income coming in. + +I ask this for honest feedback based on my current strategy and plan. + +I live in a HCOL area but just recently invested $40k into a multi family property that’s generating roughly $1,500 a month in passive income not to mention a mortgage that’s being paid off by my tenants and a property that increases in value yearly. + +I’m so hooked on this strategy I can really only think about doing this over and over again until I have enough passive income to have financial independence. + +I’m definitely maxing out my 401k every year and trying to save some money it just seems like building a portfolio of multi family properties that generate real passive income is so much more valuable to me than trying to save money. + +Anyone else get as excited as I do about building passive income to get to financial independence? +Building a comprehensive list of value investors to track through 13fs. My question is what are your guy's thoughts regarding Bill Ackman? It seems that he has made good investments in the past, but also some crazy ones too. Thoughts? + +edit: If you beauts want to list other great investors that you follow, I would not mind at all. +Hey kind people of Reddit, I am new to the whole investing in stocks (started my journey a month back ) and most of the articles and books I read talk about value investing. But, in this current day and age of convenience of information, I am sure a lot of people would have access to figuring out what stocked are undervalued. I personally know a lot of people who started investing since the pandemic. In this scenario would any stock truly be undervalued? +**Is this the time to buy Disney stock? Will Disney+ make this company a must have? What is my price prediction for Disney?** **Read until the end of the post** **as I reveal my price target for Disney and what I expect to happen next** + +**\~Very Very Long Post\~** + +\[Please Note I made this DD about a week ago, but I wasn't part of this Subreddit until the last few days\] + +Hello everyone and stock analysis in which we will go into an in-depth analysis about Disney’s stock! We are going to talk about Disney as a company and what’s the upside for the stock! So, let’s go over the company a little before moving on to some fundamental, technical analysis, predictions, cash flows analysis and my price target for the stock in the next years & months. + +Let’s start by talking a little about [Disney](https://ibb.co/PMhMz9f), yeah, I know everyone knows Disney, their movies, their parks and much more, but I believe Disney is still undervalued at this current price, especially due to their Disney+ and other streaming businesses which have taken of since the start of 2020. + +Disney is the biggest entertainment company in the world, and has the 20th biggest market cap as they operate a number of profitable segments including cable networks like Disney, ESPN and many more others, while they also have a vast segment of parks & experiences including multiple Disneyland resorts, cruise lines and many others. Disney also operates a studio entertainment business under multiple big names like Marvel, Pixar, Walt Disney pictures and also offer Direct-to-Consumer networks & streaming services like Disney+, Hulu, ESPN+ and others. The company has over 200K employees and is nearing 100 years since it was founded. + +So, we have to talk about the adjustment Disney has made starting in 2020. The company has cut the [dividend](https://ibb.co/YQQ8xLL) payouts and has focus its efforts into growing the company, with the company accelerating their move to an elite streaming business, which was supposed to have a time horizon of at least 3-4 years, and which has now surpassed all their expectations, and made the stock pop to all time highs of over $180 just recently. + +Disney just had their latest Investors Day meeting in which they announced a lot of promising business opportunities for the company related to their developing streaming business. + +They announced at least 10 Marvel [series](https://ibb.co/RQrxPfR) like Captain Marvel 2, a new Doctor Strange development while continuing [movies](https://ibb.co/87CcQ7B) for Thor, Black Panther and [others](https://ibb.co/Dpr73G2). They also announced at least 10 Star Wars [series](https://ibb.co/9HBrXZj) [including](https://ibb.co/PZkKTC4) the continuation of their big hit The Mandalorian and also provided updates on more child friendly productions with 15 Disney & Pixar [series](https://ibb.co/HNkMYvT). + +The company has far outpaced any of their previous [GUIDANCE](https://ibb.co/vhWGCRd), as their initial guidance in all 3 big streaming services, Disney+, Hulu & ESPN have been reached in less than a year, with Disney+ and ESPN+ hitting the top of their expectations for 2024 while Hulu is just shy of their bottom expectations, as Disney+ was a hit since its start, with over 10M signups in the first [DAY](https://ibb.co/PW4WRfY). + +Disney+ also keeps expanding into multiple countries, as they continued to launch the streaming business in over 15 [countries](https://ibb.co/Kwk9dd1) just recently in November, as their streaming services are [offered](https://ibb.co/4N8s3yt) on most devices like Android & Apple devices, Amazon’s Fire TV, Roku streaming platform and Google’s devices. + +The company has extreme pricing power due to their capability to generate revenues from their other income streams but haven’t chosen to abuse that with only minor increases in price while also offering a great Disney [Bundle](https://ibb.co/R2p28zM) for just $13/month that includes the top 3 streaming services, Disney+, Hulu & ESPN+. + +Hulu has seen a huge subscriber [growth](https://ibb.co/XkVCK72) in the past years, adding around 8M subscribers/year since 2017 as they offer multiple subscription [choices](https://ibb.co/sFnV4gV), starting from 6$ up to 71$ for their no ads & live TV service. After these results, Disney has slightly increased their bottom-line expectations for the [service](https://ibb.co/4sK1HR7) to 50M by 2024 and are expecting Hulu to become [profitable](https://ibb.co/W3C6Ybm) as soon as FY 2023. + +They also revised the [ESPN+](https://ibb.co/S0wx121) expectations from between 8-12M to an incredible 20-30M subscribers range by 2024 as they also expect this service to become [profitable](https://ibb.co/4S8Qj8b) by FY 2023. + +But guys, by far, the biggest [guidance](https://ibb.co/3swTzSG) upgrade for Disney has come from Disney+, with a revised guidance of over 230M and a top expectation of 260M subscribers by 2024, which is 30% more than Netflix has right now, after over 20 years since it was founded. They are also planning on [pricing](https://ibb.co/zZszZWR) Disney+ at $8/month starting this March, as they have revised the content [expense](https://ibb.co/kKK2Rxq) to over $8B for 2024, more than double their previous estimates, as they look to provide as much and as good as possible content for their customers. + +Despite the huge number of subscribers, [Disney+](https://ibb.co/1Lrscqx) is still losing money due to very high costs of getting the service of the ground, but the company has revised their expectations and expect peak operating losses from Disney+ to come up this year and are expecting profitability by 2024, which is pretty much on schedule. + +So, let’s go a little through the latest quarterly & yearly results for [Disney](https://ibb.co/x3n4Bmb). The company has been hugely affected due to the events that happened in 2020, as they were forced to close or operate at a significant reduced capacity their Parks, Experiences and Products segment. The company reported a non-GAAP loss of $0.20 for the 4th quarter and a loss of $2.02 for the year. Despite this loss I think the company has done as good as was possibly expected, as the situation accelerate their growth of their Disney+ service. + +The company [reported](https://ibb.co/Bjpz16L) just over $7B in Media revenues for the 4th quarter and over $28B for the year, both of them being increases of at least 11% vs the previous year. Disney also reported a 41% increase in Direct-to-Consumer revenues for the 4th quarter with almost $17B in revenues for the year, while on the other hand both the Studio Entertainment & the Park, Experiences & Products segment saw a major loss of revenues, with both of them being down more than 50% for the 4th quarter vs 2019. + +[Disney](https://ibb.co/G0KBJQG) also improved their operating results in both Media Networks and Direct-to-Consumer but only manage to obtain an operating income from their Media Networks and their Studio Entertainment business, totaling an operating income of just over $8B for the year, a 45% decrease over 2019. + +Their latest moves to accelerate the growth of Disney+ had a big effect in the operating [results](https://ibb.co/t3wfwzC), as the costs of rolling out Disney+ eat up the revenues, while very few of their Movies were actually released to the cinema, which also impacted their Studio Entertainment top & bottom line. Also, to be noted that the eliminations segment includes the inter-segment transaction between their Media & Studio segments to their Direct-to-Consumer segment. + +[Disney](https://ibb.co/SxXHZLK) also saw their Parks & Experiences revenues decline drastically as well as their operating results as a result of the closing or operating at a reduced capacity for all of their resorts, which is estimated to have had a negative impact of $2.4B for their operating income. + +Studio Entertainment was hit just as bad with a decline of more than 50% in both revenues and operating income as theatrical releases were mostly put on pause as most of the theaters around the world have been closed or have operated at a significantly reduced capacity. + +We also saw Direct-to-Consumer operating loss and revenues [improve](https://ibb.co/G7Sg19n) for the 4th quarter, as ESPN+ & Hulu were a boost while Disney+ continued to burn money at a very high rate, that is needed for a rapid growth of the service. + +We can also see that all 3 major streaming services had a big increase year/year, with ESPN & HULU gaining more than 7M paid subscribers while Disney skyrocketed to over 86M after the latest numbers from their investors meeting. Despite this numbers the only increase in monthly revenue/subscriber was seen in [Hulu's](https://ibb.co/LzmrvwV) top package while the rest of them dropped, very likely due to the high number of promotions in the Asian markets. + +It’s also to be noted that though most of their parks & resorts were affected, Disney didn’t stop investing in them and had a [Capex](https://ibb.co/2jsth35) of over $4B in 2020. + +The [company](https://ibb.co/dk88L7f) also received other sources of income due to their gains in DraftKings, but most of these gains were offset by their interest expenses. + +So, you should now that I am bull on Disney but I am willing to hear other opinions so don’t be afraid to leave a comment down below! + +I have made some predictions based on the growth rate of the company, the latest [plans](https://ibb.co/9WxkCyd) announced by them and used some estimates and expectations of their revenues streams to normalize in the next years. So, keep in mind this are only projections and are calculated by myself, this is not an investment advice and you should do your own research and so on… + +So, let’s start with the Unleveraged discounted free cash flow [projections](https://ibb.co/mtb7s5y), though this is not my favorite type of projections we will get to that very soon. + +I implied the same growth rates for the total revenues based on my growth projections and also implied that EBITDA margin will slowly recover to the levels it stood before the massive investments in their streaming business, as the EBITDA margins [stood](https://ibb.co/Svr8NjN) at over 30% before that, and with streaming business being a very lucrative affair I can easily see that happen again. + +I also used the Depreciation & Amortization from 2020 and implied a 10% growth, while also doing the same for the Net Working Capital. I used a 15% capex increases like I will do in my growth projections, and used a 9% discount rate, which is above the avg SP500 return in the past 60years. + +Now there are 2 methods of doing the valuation, either the perpetuity method or the EBITDA multiple method, but for Disney I think the EBITDA approach is better suited as I expect the stock to be re-rated after they start to turn profitable on their streaming business and you will see with my growth method that it shows pretty much the same results. + +So, this means we have an estimated $56B worth of FCF for a 9% discount rate. I also assumed the company will continue to grow at a 3.5% rate after 2025, and that would mean that Disney will be worth almost $500B by 2025. So, let’s do the math for the growth approach and with a share count of 1.81B, that would mean a stock price of $175 and would imply a return of just over 2%. But I don’t expect this to be the best way to value the company. I think the EBITDA approach is better suited for the growth that lies ahead for the company. So, I wanted to be conservative and used only a 16 times EBITDA, which is the last multiple Disney traded before 2020, though I think with this new approach to the business we can see Disney valued at even higher multiples, maybe even 20 to 25. So, with this 16 times multiple, the stock would be undervalued by over 40% right now, but for safety reasons I would use an average of the 2 approaches. So, I expect [Disney](https://ibb.co/hM8mqnd) to trade around 210$ using the DCF model, which would imply a 22% return, which seems pretty good. + +I think now is the time we move on to my favorite valuation [approach](https://ibb.co/jkL0JG9) for the future. + +I like to value companies based on multiples of future price earnings. So, let’s take a look at what Disney earnings/share will be by 2025. + +For my [projections](https://docs.google.com/spreadsheets/d/1Bp9cIUB8s-VZSaBbQHw1IYI3zO9CIWsegPb_xmKHZ4c/edit#gid=1003936878) I actually just used their full year results and implied different growth rates for each revenue stream. So, for the Media Networks I implied a 10% increase for next year and a decreasing growth after that and did pretty much the same for the Studio Entertainment Business. I did however imply a return to normal in Parks & Experiences revenues by 2022 and a slowing growth after that, while for the Direct-to-Consumer I implied a bigger growth rate as by their own forecast, Disney+ should account for around $20B in revenues by 2025 on its own. + +For Disney’s cost of sales, I maintained the 68% expense ratio on their Media Networks, while for their Parks & Experiences I implied a very big cost of sales for the next 2 years and expect that to normalize towards the end of the period. Meanwhile for the Studio Entertainment business I actually used a bigger expense ratio just to be safe and for the Direct-to-Consumer cost of sales I implied a loss for 2021, a break even for 2022 and just starting to become positive after 2023 ending with a cost ratio of 75% in 2025. For the eliminations revenues and costs I implied a gradual 10% decrease in each year, but this shouldn’t affect the results that much in the end. + +I used their Capex spending from 2020 and implied a 15% annual growth, as this will continue to increase at least for the next couple of years, while for the interest income & expenses I implied a 10% annual decrease, but this numbers are again so small that they don’t impact the end result that much, and didn’t want to assume and other significant losses or income. + +I used the nominal US TAX rate of 21% and implied a .5% dilution of the stock each year. + +So, let take a [recap](https://ibb.co/nj7sX5h), I expect Disney to have over $137B in revenues in 2025 and almost $35B in gross revenues. After subtracting their $8B capex and the almost $700M related to interest, and also account for the tax rate, Disney should have just over $20B in income after tax or just over $11 in earnings/share. So, adjusted for the .5% dilution, this would mean the stock is trading at just over 15 times price to 2025 earnings right now. + +I know Disney has traded under a PE of 20 historically, but with them renouncing dividends and focusing on growth, especially as I can see every streaming business being valued very highly right now, I think we can see a multiple expansion on Disney vs the previous normal. So, depending on what PE you assume for the stock between 20 and 35, the stock can trade between $220 and almost $390. + +So, after all these estimates what are my price targets? [Here](https://ibb.co/849LJH3) are my actual price targets… I think the bear case 2025 price we can see Disney trade at is $249 which would imply a return of over 45%, while my base case and my pretty safe assumption is that Disney will trade at 304$/share by the end of 2025, implying a 77% return on the current price. But my most bullish case would see the company trading at $359, which would imply a return of 110%. So yeah guys, this are my Overall price targets for 2025, my bear case is an average of the 20 & 25 PE ratio, while the normal case is the average between the 25 and 30 PE’s with the most bullish case valuing the company between a PE of 30-35. + +So here is the [FULL](https://docs.google.com/spreadsheets/d/1Bp9cIUB8s-VZSaBbQHw1IYI3zO9CIWsegPb_xmKHZ4c) spreadsheet that I have projected for Disney by 2025, if you do have another opinion or a suggestion please leave a comment down below, I think I have been conservative in most of my projections, but feel free to give your opinion. + +Keep in mind, these targets might sound ridiculous, but just look at the growth Disney has had just in the past year in the past. The company has [increased](https://ibb.co/BP8SVHK) in value by more 18% despite all the obstacles it has faced and was up 57% in the 4 years [before](https://ibb.co/bHxHf5h) 2020. So yes, I think Disney will be one of the best re-opening plays and stay-at-home trades as well, so a win-win no matter what. + +The company also has very good [financials](https://ibb.co/JntSMr8), with more than $35B in current assets vs only $26B in current liabilities and with over $200B in total assets. So, the company is way more than solvable at any point in the near future, even after the bad year they had in 2020. + +And let’s also take a look at what the estimates are from the analysts. We can see that the [analysts](https://ibb.co/1sRqCTB) expect somewhat smaller revenues by 2025, of around $115B compared to $137B that my Growth Valuations are projecting. But I think this haven’t been revised enough and don’t take into account fully what the streaming business will mean for them even after their other revenue streams come back to normal. + +So, what do I expect in the next couple of days, weeks and months for Disney? + +Let’s look at this [CHART](https://ibb.co/cTCvdgf), Disney has had a history of gapping up and then filling back the gap-up in the past 6 months with the stock doing so 2 times. But more recently they didn’t fill the gap-up after the vaccine news and even gapped even higher than that after the revised subscribers’ numbers revealed at the investors day. The stock was almost overbought and overbought for pretty long stretches of times in the last 6 months, but right now the RSI has dropped to 51, which could be a sign the stock is ready to move up once again. So, my personal opinion is that we can see the stock trade flat or even drop a little more but not below 158$ before the next quarterly [earnings](https://ibb.co/k8x6cCW) are released in February. Last time around they beat expectations by quite a lot and I think they might actually pull it off again with the increasing strength in the streaming business, and that might be enough to push the stock even higher. So, using the [DCF](https://ibb.co/ZfcJZz9) valuation, I think we can see Disney trading at around $210 by the end of the year, especially if things start to get back to normal and their parks & other revenues streams come back at increased strength. + +And let’s take a quick look at what 27 [analysts](https://ibb.co/VJNg2m5) on Wall Street are saying. They are mostly very bullish on the company with an average price target of $181 and a high price target of $220, as 20 of the 27 analysts are either bullish or very bullish on Disney. So yet again, I think the analyst are undershooting the price of Disney, as it’s always better to undershoot and overperform rather than the other way around. + +So, what would I do? Well, I own Disney stock and I believe it still has plenty of room to grow, so I would start building a position on any weakness, and I would especially buy more if the stock drops to $160. + +One last thing to mention about Disney is that they also have a very big % of their shares held by institutions, with over 65% of the float being held by big [funds](https://ibb.co/5KRGT0Y) like Vanguard & Blackrock. + +So, this are my projections and my expectations for the company, I think Bob [Chapek](https://ibb.co/1JJzyq2) has done a terrific job since becoming the CEO early in 2020, and has driven Disney to a renewed approach to their business, so, if you do want to check out the spreadsheets you can find the link [HERE](https://docs.google.com/spreadsheets/d/1Bp9cIUB8s-VZSaBbQHw1IYI3zO9CIWsegPb_xmKHZ4c)! + +**Thank you everyone for reading🙏 Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market! Have a great day and see you next time❗** +My mother passed away on 11/21. She had been sick for quite awhile. My wife and I just found out we were expecting and my mother was so excited, as were we. Understandably, we had to take several days off to mourn this loss. Neither my job (small company) or hers (large hospital but she’s classed as PRN) provide any type of bereavement leave so now we’re two paychecks behind and I have no idea how we come out of this and still be able to have a Christmas. + +As if losing my mother wasn’t enough, this shitty society kicks lower class families while they’re down. I mean what do you even do at this point? +“It looks like the Reddit Raiders are at it again,” says Michael Pachter, analyst at Wedbush Securities. + + +No, Michael, we are not "at it". + +We're not doing anything. We're simply holding and the world is moving to catch up to us. + + +And it's very dishonest to say the cause of this rise is somehow our actions when there is so much DD available to journalists, reporters, traders etc... the "not financial advice" opinions and research on reddit is all openly accessible to anyone. There is no subscription required or corporate interest in misleading people (Did you hear the fool who said you should invest in Air Canada over AMC today?) + +Painting us as this evil cabal moving the markets at our whim is the most disengenous claptrap I've ever witnessed. Everyone is here because they hold the stock and they like the stock. The end. + + +We don't have a game plan, there is no we. We don't have billions of dollars and bailouts waiting for us. We don't have control over the markets, able to manipulate buying and selling pressure. + +There is amateur technical analysis and a dude who stuck a banana up his technical analysis. + +Personally, I like the stock. +I figured I'd post a brief roadmap to where I am today and then my roadblock. I noticed recently a lot of criticism on the sub as there being a ton of folks on here who just 'make $300K annually and then FIRE'. There was a recent post a few weeks ago from someone with a blue collar background which I appreciated. While I am starting a career in tech, I'm not in the six figure range by any stretch, but I am off to a good start. + +**Post College and Early Career: 2013-2018** + +Due to a combination of grants, scholarships, support from my parents and somehow an understanding that no loans was better than taking loans, I was fortunate enough to graduate without any student loans. My two years after graduation I worked and lived abroad. Basically spent what I made on living and traveling and had fun with a couple thousand in cash reserves that I saved during college. + +I moved back in late 2015 and started my career in 2016 making $35K per year as a Project Manager. I saved up enough cash to move out and live on my own and had a small savings. In 2017 I moved into my own place I started to get serious about personal finance, started listening to Dave Ramsey and the like. Focused on my emergency fund and then maxing out my ROTH. I didn't learn about the ROTH until late that year so I wasn't able to fully max, but have done so every year since. When I moved I made sure to move into a really affordable 1 Bedroom apartment ~$800 per month and stayed in that apartment until moving in with my GF in 2020. This is anywhere from 200-400 cheaper than many other 1 bedrooms in the area so I made sure to keep it as long as possible. + +In 2018 I moved to a different team internally for a salary bump and change of pace. I ended up really liking my new team and role and enjoyed my work. Now that I had maxed out my emergency fund and my ROTH was on track, I was able to increase my 401K contributions above the employer match. I believe I was contributing ~8% at the time. + +2013-2015: NW ~$5K, Salary ~$10K +2016: NW ~$20K, Salary $35K, $42K +2017: NW ~$37K, Salary $49K +2018: NW ~$60K, Salary $55K + +**Career Growth and Job Change 2019-2021** + +In 2019 I continued to excel in my new role and received another pay bump. I was doing well and loving my job and met a girlfriend I really liked, but my company was doing poorly. We were losing major clients, and my portion of the business was the only one excelling and it was too small to survive without our biggest clients. I jumped off the sinking ship in December of 2019 for a new job at a larger company with a massive $24K salary bump. My previous company went out of business in May of 2020. + +With my newfound job and salary I was finally able to max out my 401K, and I knew my FIRE journey would really start rolling. In February of 2020 I finally hit a NW of $100K. I had been waiting years for that moment and was so excited and proud of myself. Then the pandemic happened and a few weeks later it dipped back down, but I didn't care. I also had been saving money for a house down payment the previous year and a half. I decided to take the $15K I had saved for a house and dump that into a combination of obviously undervalued stocks and index funds in late March/Early April of 2020, which proved to be an incredibly shrewd decision. With the market rebounding so quickly I blew past $150K NW by the end of the summer. + +Things were going well with my GF, so in October we decided to move in together. I got rid of a bunch of my furniture and we were living out of her $1K per month apartment and splitting the expenses, which enabled us to save even more. We saved that money for furniture for a future 2 bedroom. Continuing to max out my 401K and ROTH and additional brokerage contributions due to living with my GF set me up to get to the ~$250K point by this April. I was shocked to hit 3 milestones almost within a year of one another and am really proud of the progress I've made. + +2019: NW~$75K, Salary $60K +2020 Feb: NW~$100K, Salary $84K +2020 June: NW~$150K, Salary $84K +2021: Current NW ~$265K, Salary $84K + +**Current Situation** + +Long story short, things have blown up with my GF and we are breaking up. Her mom had to move in with us in January of 2021 so the three of us and my GFs dog were sharing a 1 bedroom apartment. Mom was in the room and GF and I were on an air mattress in the living room. Also I have been WFH throughout all of COVID, so I was home working all day with her mom around while my GF went into the office. This was immediately untenable, so we moved into a nicer 2 bedroom apartment so we could all have enough space and rent is $1650 per month. This price was great when splitting it, because we have 1200 sq ft and really nice amenities, but my GF wants to leave and not take the place so I'm kind of stuck with it (no wiggle room on the lease). + +I've had to already cut my 401K contributions in half and can't invest any extras in my brokerage accounts as I'm basically paycheck to paycheck now each month to afford the extra $1k in rent and utilities she wont be covering. I was feeling so encouraged with my progress but now only being able to put $10K into my 401K instead of the max is bumming me out. All I can think about is how much that $9K I'm not investing will be worth in 30 years. I know I've been very fortunate so far and am on a good path overall. Just feeling a bit dejected and shitty right now. I know others have had way worse bumps in their FIRE path (medical issues, divorces, etc.) but any words of advice and encouragement for me to stay positive through this rough patch are greatly appreciated. + +Thanks and love this community! +3 minutes before premarket open all major indices in Europe just took a massive dump as much as 7-8% did a margin call in Europe take place? + +Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill Fill fill +One of my goals is to retire off of dividends in my early 40s- I'm 19 now, and I don't plan on having kids and I've always been a frugal guy. And yes, while I am in college, I'm debt free, and as long as I keep my grades up I'll most likely graduate without debt. + +I remember hearing from a friend that one needs roughly 3 million dollars invested in order to make 100,000 dollars a year in dividends. However, he said that to do that one needs to buy individual stocks, and frankly, I don't have the time or patience to research different stocks at the moment (I'm pretty busy with college and work). + +That being said, I'm curious if anyone knows of any funds that produce similar results (100k a year in dividends) with the same total investment (3 million). VYM seems good imo but I'd like to know if there are any others you guys can recommend. +I make 10k a month a average. For the last 2 years. I have less then 1,000 in my account. + +I need serious help. My spending for this year is 80 grand. The worst part is I don’t even know what the fuck I bought. + +How do I stop this. I need to start being a adult and learn to be responsible with my money. + +Edit: Was not expecting this to get as much attention as this did. When I wrote this half panicked yesterday I expected to get 3 comments calling me a dumb ass and single comment to really help me out. I want to say thank you to everyone who took the time to share there opinions on this subject. From the bottom of my heart. You have no idea what it feels like to ask for help and get overwhelming amount of it. I have read each and every comment and well I am not replying to any I have saved and screen shot the ones that have stuck out to me. + +Today I took half a day off from work and spoke with my bank. They have set up a financial plan with me to try out for the next 3 months. Showed me projected savings for 3 months and a handful of years. I have also checked out the YNAB website and book everyone is recommending along with downloading mint and setting things up there to see a break down. + +I can say a large portion of my income goes to dinning, shopping and travel with only about 21% going towards actual bills. Guess you don’t realize how much those dinners add up. + +As for the people who dug through my comments and found I have a history of gambling I can see where and how we got to the conclusion it may be a gambling problem. However, I can promise you the amount I spend on poker is a tiny amount. For the year I have spent 1400 since February on gambling. Which I get is wasted money however, well I play a lot of poker. I deposit very few times. Poker stars transactions are only 5 for this year. + +A lot of people asked about my past. I went from making 26k a year for 6 years of my life thinking that was good money. Until I realized I couldn’t do anything with that except pay bills. Couldn’t take girls out to dinner. Couldn’t go with friends anywhere. + +When I got my first $9,762 dollar paycheck (I looked up my last years income file) after my first month of sales I blew it all. I told my self I’d never do that again. Month after month I had these paychecks coming in. Some months larger, other months smaller. The outcome was the same. I’d spend it all because I knew I’d make more. It’s horrible. Im glad I posted on her and received the help I did. Thank you everyone. +[https://www.marketwatch.com/story/netflix-plans-2-billion-bond-offering-2018-10-22](https://www.marketwatch.com/story/netflix-plans-2-billion-bond-offering-2018-10-22) +Hey all, I know In this big run up were all looking towards the ETH/BTC ratio of 0.1 and that would be a huge milestone. I just want to remind people of another number, one that would be a truly magic number and that is a ratio of 0.173. As it stands now, this is the ratio of the issuance of ETH to BTC, for those that are unaware there is about 6 (5.76940010778) times as many ETH in circulation as there are BTC. What all this means is that at the moment the ratio hits 0.173 the market capacity of ETH and BTC will be equal, the outstanding value of all ETH will be the same as the outstanding value of all BTC. Anything after 0.173 means ETH is the #1 valued cryptocurrency on the planet. Lets look forward to 0.1 for now, but don't take your eye off the real prize and don't forget that as the flippening approaches there is a good chance that this could very quickly snowball out of control, these numbers can be here sooner than you might think. +Economic growth is not turning out to be as robust as originally estimated so 2019 appears to be primed for [a massive federal budget shortfall](http://thehill.com/homenews/administration/397445-white-house-budget-projects-1-trillion-deficit-in-2019). This is concerning for several reasons.... 1) We are currently in an economic expansion. This is the time for fiscal restraint to have a rainy day fund set aside for future recessions. 2) The current 2019 projections could get revised much lower if the economy slows down at all in the next couple of quarters. 3) Some cures for budget shortfalls are either to cut spending or increase taxes... both of which are going to be a headwind for future economic growth. + +If one estimates equity returns of 7-9% for the next 10-20 years, I would imagine this news would dampen that enthusiasm. Maybe 5-7% is more likely with a real return of 2-3%. Unfortunately fixed income and real estate both appear to be priced dearly at the moment so where does one look for decent inflation adjusted returns over the next 10-20 years? Diversification across all asset classes including lots of international appears to be prudent at the moment IMHO. + +Edit - Apparently people are somewhat confused about the difference between that US national debt and the federal deficit. The national debt is the total debt owed by the federal government (I believe it is around $20 trillion). The annual deficit, is the amount we are adding to the national debt each year (tax revenue minus federal spending). Starting in 2009-2010 the deficit was gradually declining each year until this year. It appears to be back on an increasing trajectory. +I understand that raising interest rates to decrease the rate of money supply increase (and therefore demand) aims to reduce inflation. + +But could this also cause inflation? + +Higher interest rates are also a negative supply shock not just demand. If business loan repayments go up, they will need to take in more cash to pay them. If homeowners mortgage payments go up, they will need a higher wage to pay this. + +If this is a greater force than the reduced demand (say because people deplete their savings) could inflation be made worse? + +Would it not be more worthwhile to raise interest rates on new lending only? +Hello, many people are claiming that inflation is not being driven by supply chain disruptions nor an increase in the money supply, but because of corporations raising their prices to accumulate more profit. + +My question is: if inflation is the result of corporations wanting more profit, what is the problem with this? + +Isn't inflation the result of suppliers increasing the price to move the market closer to equilibrium because in the previous state demand exceeded supply? + +Also, if corporations increase prices and demand barely lowers, doesn't that mean that prices were previously too low? Put differently, if corporations increase prices and the demand barely changes, doesn't this mean the market has now moved closer to equilibrium? + +Lastly, if corporations increase prices and people are still (begrudgingly) happy to pay these prices, aren't corporations merely profiting off the excessive demand relative to the finite supply of their products? And isn't it the purpose of corporations to generate as much profit as they can? + +To me, I am not seeing what the problem is. Isn't this how markets are supposed to work? +Good day, I'm a freshman taking AB Economics (i really thought this would take less math). + +My first year is proceeding not as I've expected it thanks to our math subjects. Algebra for this year, two calculus for next. Econometrics, Math for Economics, and Statistics are following. The term is ending and I'm planning to self-study mathematics before things take a wrong turn. But studying from scratch would just lead me nowhere. I even saw, from an earlier post I made, that trig is barely used but our subject is Alg + Trig. + +I won't say I'm terrible in math but I also won't say I'm good in it. I'm just pretty average who didn't take calculus during high school (regretting I didn't, thankfully I did during middle). + +&#x200B; + +So can anyone provide me a grasp of what topics I should focus on? + +Here are what I know: + +Algebra + +Calculus + +Statistics + +&#x200B; + +But these are too broad, tbh. I do know, however that I need to focus in Algebra is Linear Algebra, yet not disregard the others. Also I should learn a lot about matrices. In calculus I'm not really sure but I did see some online videos saying that it'll mostly be about optimization, differentials, and integrals. For statistics, on Linear Regressions. + +&#x200B; + +Statistics may be difficult, yet that's the only subs we're allowed to use tools so I really wouldn't focus on that much (still i'm planning to study it). Can anyone provide me the topics I should focus on and focus on the most. Espeically with econometrics and all the scary ones. + +&#x200B; + +Thank you for the help! I'm falling in love with the program! +Comment got too long (that 1500 word limit) so I'm gonna make a post to discuss the SAC capital/point72/plotkin/Citadel partnership. + +> SAC Capital Advisors was founded in 1992 and ***converted its investment operations to the Point72 Asset Management family office in 2014.*** In 2018, the firm reopened to external investors after a two-year ban and began accepting outside capital + +POINT72 ASSET MANAGEMENT Subsidiaries + +* Cubist Systematic Strategies, LLC + +* Point72 Europe (London) LLP + +* Sigma Capital Management, LLC + +* EverPoint Asset Management, LLC + +* Point72 Asia (North Asia) Limited + +* Point72 Asia (Hong Kong) Limited + +* S.A.C. Capital Management, LLC + +&nbsp; + +> [(Reuters) - Billionaire investor Steven A. Cohen will lose one of his top portfolio managers when Gabriel Plotkin sets up his own hedge fund, a person familiar with his plans said on Thursday.](https://www.reuters.com/article/us-hedgefunds-sac-plotkin-idUSBREA2J2B920140321) + +> Plotkin, who managed roughly $1 billion in positions at Cohen's SAC Capital Advisors, is expected to leave before the end of the year and Cohen is likely to invest some of his money in the new venture, said the person who is not authorized to publicly discuss personnel matters at the private firm. + +&nbsp; + +> [Citadel LLC and Point72 Asset Management are investing $2.75 billion in hedge fund Melvin Capital Management, an emergency influx of cash that is expected to stabilize what has been one of the top performing funds on Wall Street.](https://www.wsj.com/articles/citadel-point72-to-invest-2-75-billion-into-melvin-capital-management-11611604340) + +&nbsp; + +> After news of the investment from Citadel and Point72 came out, speculation abounded on social media platforms about Griffin's possible role in the unfolding drama. [In a now-deleted tweet, Twitch co-founder Justin Kan said he "got a tip" that Griffin may have been involved in Robinhood's move to throttle access to GameStop bulls.](https://www.cnbc.com/2021/02/19/citadel-billionaire-ken-griffin-defends-melvin-stake-against-what-he-calls-an-insane-conspiracy-theory.html) + + +&nbsp; + +> Melvin was famously short GameStop and lost more than 50 percent during January following a short squeeze orchestrated by a Reddit forum called WallStreetBets, whose members included retail investors in GameStop. [As the stock soared, various online brokerages catering to those investors, including Robinhood, restricted buying shares of GameStop, among other stocks heavily shorted by Melvin.](https://www.institutionalinvestor.com/article/b1r2h6zshrklf7/Melvin-Capital-Is-Facing-Nine-Lawsuits-Related-to-the-GameStop-Frenzy) + +&nbsp; + + +*** + +> Gabe Plotkin’s Melvin Capital has been short GameStop since the fund’s inception six years ago, the hedge fund manager told members of the House Committee on Financial Services during a hearing Thursday on the turmoil surrounding trading in the stock last month. + +> ***GameStop’s stock was trading at around $40 a share when Melvin first shorted it in 2014, Plotkin told the committee. When asked what he thought GameStop was worth at the time, Plotkin said, “I don’t recall.”*** + +> [Last year, when the shares fell as low as $2.57, however, Plotkin held onto his GameStop short.](https://www.institutionalinvestor.com/article/b1qm7508qzvkhd/Melvin-Capital-Added-to-GameStop-Shorts-as-WallStreetBets-Took-Aim) + + +&nbsp; + +After graduating from Northwestern University with a degree in Economics in 2001, Gabriel Plotkin joined Ken Griffin's hedge fund Citadel LLC, and later Connecticut-based hedge fund North Sound Capital.[5] Prior to starting Melvin Capital, Plotkin was a trader at Steve Cohen's SAC Capital, where he managed a portfolio of mostly consumer stocks valued at about $1.3 billion.[1] + + + +&nbsp; + + +> Mohammed Grimeh is rapidly expanding his macro team at Point72 Asset Management, tripling the number of portfolio managers to more than 30, with plans to bring on more. + +> Grimeh, who has been on a hiring spree since joining the firm in February 2020, has snapped up nine new portfolio managers so far this year, according to a person familiar with the matter. [Three of them hail from rivals Citadel and ExodusPoint Capital Management and two come from Goldman Sachs Group Inc.](https://www.bloomberg.com/news/articles/2021-06-22/point72-macro-head-poaches-from-citadel-goldman-in-hiring-spree) + + + +&nbsp; + +Then right after giving Plotkin a ton of money, Steve had to raise more immediately. + +> [Steve Cohen’s Point72 Asset Management has raised $1.5bn from investors, boosting the hedge fund’s assets under management after it lost 10 per cent in January and provided emergency financing to Melvin Capital, the firm at the centre of the GameStop short squeeze.](https://www.ft.com/content/d57150cf-1f96-41a5-9bd0-3285e7f0073f) + + +> Melvin, run by Mr Cohen’s protégé Gabe Plotkin, received $750m from Point72 and $2bn from rival Citadel last week after suffering steep losses on its short positions. Retail traders co-ordinating on Reddit drove up shares in GameStop and other companies Melvin was betting against. + + +&nbsp; + +Melvin has $2 billion of Citadel's money and $1.75 billion of point72's. Point 72 had a billion in Melvin before the bailout. + +> [One of the rescuers was Cohen's hedge fund, which has roughly $1 billion under management with Melvin, NYT said.](https://www.reuters.com/article/us-gamestop-point72-idUSKBN29X0C7) + +> Point72 decided to add $750 million, Melvin said on Monday, besides accepting an investment of $2 billion from Citadel, the Chicago-based hedge fund led by Ken Griffin. + +&nbsp; + +[This happened](https://twitter.com/Kr00ney/status/1291873556683534342) during the pandemic + +> Point72 has reached out to other trading platforms and investing apps in a hunt for new trading signals, according to people with direct knowledge of the outreach. + +> The requests came just hours after popular trading app Robinhood restricted access to an API that showed what stocks were most popular among its users. [The owner of one website that used the data, robintrack.net, told Bloomberg in June that he'd seen evidence that Point72 and quant hedge fund D.E. Shaw were trying to scrape his data.](https://headtopics.com/us/point72-contacts-other-investing-apps-after-robinhood-data-taken-down-business-insider-14927250) + +&nbsp; + +> Robinhood customers used these “scoreboards” to generate trading ideas, as did certain hedge funds. [One of those hedge funds was reportedly Point72, run by Wall Street legend, Steve Cohen.](https://www.forbes.com/sites/michaelcannivet/2020/10/17/for-robinhood-the-smartest-choice-is-to-keep-user-data-private/) + +> When the Robinhood data feed went dark, Business Insider reported Point72 immediately started calling around to other trading platforms and investing apps, searching for similar data the firm could use to generate “new trading signals”.  + +&nbsp; + +A line from 2016 that I thought was interesting + +> Billionaire investor Steven Cohen said that too many hedge funds placing the same types of bets contributed to sharp losses for his $11 billion Point72 Asset Management earlier this year. + +> “One of my biggest worries is that there are so many players out there trying to do similar strategies,” Cohen said Monday, speaking at the Milken Institute Global Conference in Los Angeles. + +> [“If one of these highly levered players had a rough run and took down risk, would we be collateral damage?” Cohen said. “In February we drew down 8 percent which for us is a lot. My worst fears were realized.”](https://fortune.com/2016/05/03/steven-cohen-blames-other-hedge-funds-for-losses/) + +&nbsp; + +***EDIT***: Point72 [filed an amendment](https://www.sec.gov/Archives/edgar/data/0001603466/000089534521000552/ff318036_406ba.htm) a week ago that I believe states they took their investors money ($1.75B) and invested it in Melvin and basically just said no take backs if it fails. *They hustled their customers.* + + +***(page 9):*** + +>"It is possible that an investment program may be structured in which a Fund will ***co-invest in a portfolio company*** (or a pooled investment vehicle) with a Point72 Entity or with an investment fund or separate account, ***organized primarily for the benefit of investors that are not affiliated with Point72 (“Third Party Investors”)^4 and over which a Point72 Entity exercises investment discretion*** or which is managed by a Point72 Entity (a “Point72 Third Party Fund”). Co-investments with a Point72 Entity or with a Point72 Third Party Fund in a ***transaction in which Point72’s investment was made pursuant to a contractual obligation to a Point72 Third Party Fund*** will not be subject to Condition 3 in Section IV below (the “1940 Act Co-Investment Restrictions”). All other side-by-side investments held by Point72 Entities will be subject to the 1940 Act Co-Investment Restrictions." + +They say they signed a contract outside of the purvey of the 1940 act, and in some way exercise investment discretion. + +>^4 "These Third Party Investors may include, for example, U.S. and non-U.S. institutional investors such as public and private pension funds, foundations, endowments, and corporations, and high net worth individuals resident in and outside of the United States." + +^ the money is in one of those, *that they had contractual obligations to.* That allows them to ignore the 1940 act? + +There's also this in it + +> The Applicants request an exemption from [Section 17(j) and Rule 17j-1](https://www.sec.gov/rules/final/ia-1815.htm) (except the anti-fraud provisions of Rule 17j-l (b)) because the requirements contained therein are burdensome and unnecessary as applied to the Funds.  Requiring each Fund to adopt a written code of ethics and requiring access persons to report each of their securities transactions (including the attendant record review and retention procedures) would be time consuming and expensive, and would serve little purpose in light of, among other things, the community of interest among the investors in such Fund by virtue of their common association in Point72; the substantial and largely overlapping protections afforded by the conditions with which such Fund has agreed to comply; ***the concern of Point72 that personnel who participate in such Fund actually receive the benefits they expect to receive when investing in such Fund; the fact that the investments of such Fund will be investments that usually would not be offered to the investors in such Fund,*** including those investors who would be deemed access persons, as individual investors; and the existing written compliance policies and procedures that have been adopted by Point72 under the Advisers Act which, among other things, include a code of ethics and securities pre-clearance procedure, each of which will generally be applicable to members of Point72 and Eligible Employees.  + +So they basically are saying they don't want to report shit because it takes time and is burdensome and let us crime in peace. + +The other point being, if this wasn't in there in January and Melvin went under. Point72 investors were on the hook for $1billion invested. And we know what that can turn into with Archegos/Credit suisse. ***there was no clause in January to cover the investment in Melvin with customer funds or adding the $750m of investor funds.*** they put it in now due to reporting requirements changing. +EDIT 4: It's on track. I remain cautiously optimistic. Stay positive and I'll see y'all at 4pm! + + +FINAL EDIT5: It appears a $20 run from a premarket low of $104 isn't good enough for y'all... Guess what, WE AIN'T LEAVING. Now, someone point me to the goalpost so I can kick the hell out of it!!! + + +Interesting timing of all of the hate regarding the sub's most prominent players, especially before tomorrow, which is the same day in the cycle last year GME ripper over 100% and halted into close. It then went on to climb up to $348 before earnings, before dropping to $172 and recouping to $250 all within two hours. This recent post is discrediting tens of THOUSANDS of combined hours with zero credible data or sources. This is "I told you so" to fill your mind with doubt against some of the hardest working and dedicated contributors in this sub. + +Dude to this dedication and uncovering of information, the cycles theory has been 100% ACCURATE OVER THE LAST YEAR AND A HALF. Yes, I'm a firm believer, 6/6 cycles seeing VERY positive price action is enough for me. The hedge funds are stuck, and very generous and ingenious contributors have worked tirelessly to dive into the WHY. + +If this is the case, we will rip tomorrow and Friday. Hopefully. + +#THE HEDGE FUNDS DON'T WANT RETAIL TO USE LEVERAGE, THE VERY THING THAT CREATED THE SNEEZE ON JANUARY 2021. + +They have gone out of their way to distract you from options, put fear in your mind about them, and create false narratives regarding other potential catalysts that stroke your confirmation bias. Popcorn, the fire, jets, building lights, ECT - All distractions. + +If the price doesn't run tomorrow, I'll never return to this sub again. My money is where my mouth is. I have weekly calls I purchased today on the dip below $115, I have April 14 calls purchased a few days ago, and I am an XXX holder who began in January 2021 at $35. + +Everyone should hope that the price runs tomorrow, because it means we can precisely predict at least SOME price action damn near down to the day. Anyone, ANYONE who wants options to fail is someone who bets against GameStop. Anyone who wants DRS to fail is against GameStop. You don't like TA? Don't read it. Don't want to DRS? Don't do it. Don't like options? Don't do them. Hating on DRS or options is basically a bet against GME and should NOT be tolerated. + +Let me finish by saying I've hated a lot of things here for a long time. I've given DRSers a hard time for absolutely no reason, as it's success is my success. Please allow me to clear the air and finally get this fucking MOASS ball rolling with DRS creating illiquidity and holding the shield, and options kicking their teeth in and forcing them to start buying, starting with tomorrow's rip. + + +Good luck everyone, and I'll see you all tomorrow! + + +EDIT: I have to say thank everyone for the well wishes. This has blown up way more than I expected. Best of luck tomorrow, and every single day you hold GME!!! +EDIT2: Thank you all again. I can't keep up anymore lol. Let the POSITIVITY REIGN DOWN and GME REIGN UPWARDS!!! + +EDIT3: This is based off of the cycles theory via u/gherkinit . The credit belongs to him and his team if this thing takes place! +Last call for anyone who doesn't see what's going on here. + +We're talking about a **doxxed chad dev who spent $500,000** on marketing and development and then **raised more than $1M in capital hours ago, before the U.S. even made breakfast.** + +International support for Afrostar is huge, and the US is about to hit their trading primetime ready to catch up. Can you get in before they do? + +**Afrostar has mooned to $20M** right off of launch and **volume is pumping**, leading to big reflections for holders. No need to worry about any dumping either, the presale was occupied by a large contingent of the **current 2500 holders**, meaning no one is holding major stacks relative to where this is going. + +Even the devs face lengthy vesting schedules, so this has proper runway to continue mooning, which it should if you've paid attention in the least to the TG. + +Seriously, check it out. It's full of **AMA'S, video conferences, promotions,** and explanations for where this is going and why, which should give you just a small hint of the hard work and transparency the Afrostar team has been built around. + +This level of hype and funds currently printing and rolling right into development could mean **insane payouts for those who hold through its inevitable adoption as a blue chip asset** for the emerging African cryptocurrency market. + +Consider that 100M Indians are using cryptocurrency right now, representing an outsized proportion of the crypto population. That's the kind of upside we're looking at when we're talking about Afrostar's goals for the continent in the long run, as Africa is the last frontier for massive economic growth on the planet, and cryptocurrency is the most promising tool for unleashing that economic potential. + +And the marketing is going to reach far. They made the [front page of the newspaper in the Metro](https://ibb.co/2hh32hb). Not an easy feat and already catching tons of eyes as this next bull market emerges. + +Afrostar is just getting started today. Start holding, start earning reflections, and remember fondly years from now about when you **got ahead of the next wave of adoption.** + +🌟 [Website](https://www.afrostar.io/) 🌟 + +💫 [Telegram](https://t.me/afrostarcommunity) 💫 + +🌍 [Buy Link](https://pancakeswap.finance/swap?outputCurrency=0x2f4e9c97aaffd67d98a640062d90e355b4a1c539) 🌍 +I've seen a lot interesting conversation across a lot of different threads, but I'm interested to hear your thoughts on what we need to do to recover from COVID-19, as well as grow the economy. Or sustain the economy or whatever your goal is for the economy. + +Any and all ideas welcome, I'm interested to see what you think. + +Also, what are you personally doing at this time to a) come out better off and/or b) mitigate any negative impacts? + +&#x200B; + +EDIT: omitted words +To be terse, as my income increases I find myself increasingly scrutinizing the “do it yourself” route to my problems. What are some things you outsource to an assistant/Fiverr/contractor without batting an eye? +(This is from my personal investing notes. I wanted to put it out there and see if anyone feels the same. Hopefully others are willing to contribute knowledge and observations about this very anomalous event) + +I realize that this journal entry got a bit lengthy, so I chopped it into three parts, plus a very hand-wavy speculative conclusion part. + +---- +The Pump +----- + +Mid-January 2020, articles begin pumping TSLA as Musk announces share purchases. + +_Markets Insider - Tesla short sellers have lost nearly $12 billion in just 7 weeks_ + +_Markets Insider - Tesla has yet another biggest bull on Wall Street. Here's why he thinks the stock could surge 57%._ + +_Electrek - Tesla (TSLA) gets new $800 price target based on its ability to execute_ + +Musk is no stranger to stock pumping. Last year he advertised a private share price of 420$, "funding secured", to draw in investors. It is not surprising that this time the company (or another party) has turned to media outlets to get article placement from a third party. It is frowned-upon, but not uncommon, for companies to pay journalists, through brokers, to place articles in major publications. + +At the same time, mid-January, coordinated social media and message board posts appeared hyping TSLA and urging users to buy stock. Social media posts appeared on reddit, twitter, facebook about the price of Tesla on trajectory for $1000/share. Many influential users were caught in the frenzy and spread the word. A reddit and twitter user named /u/WSBgod began buying calls in TSLA at $600+; posting his positions and urging his large follower base to do the same. Many of these social media posts were well-written, edgy and bear the hallmarks of professional copywriters. + +---- +The Dump +---- +Tesla price began to rise. Viral social media posts and positive articles created high demand for TSLA stock, driving retail investors into a frenzy. On some message boards, users were seen urging people to take credit card advances or student loans to buy Tesla stock at $600+. + +At this point, a short-term "spike" in Teslas price occured. For the purposes of discussion, we will consider $767 (the stock issue price, discussed below) at market close to be the defining price of the spike. + +This spike began on 02/03 and ended on 02/26. The stock market was open 18 days during this window. More remarkably, the closing price of TSLA was only above $767 per share on *12 days* during the window. +**Chart of the 767$ price line and the recent spike**: +https://gfycat.com/quaintslimyeuropeanpolecat + +It turns out this short stock market spike was no surprise to Tesla. Tesla and Goldman Sachs were already preparing to issue stock during this narrow period. Tesla filed an 8-K on 02/19 to issue 2.65 million new shares at $767 per share. Teslas/Goldman's "luck" allowed them to issue on one of the top ten highest dates in TSLA history. + +Social media and message board influencers sold dreams of $1500 "moon" prices to middle-class retail investors. Many of his new investors were young; drawn by the new mobile-based, zero-commision brokers such as Robinhood. These younger investors typically turn to social media for their stock research. + +Many new and inexperienced investors are unfamiliar with stock "dilution" (the concept that issuing new stock devalues existing shareholders). Some shareholders even took to message boards to praise Tesla/Goldman for issuing more shares. Tesla raked in $2.31 billion of that cash advance, student loan, and summer job money during this short period of time, by issuing new shares at the $767 price. + +While the stock issue was happening, insiders began exercising options and dumping their stock. There is nothing intrinsically wrong with insiders selling stock. However they were *very lucky* that this period happened mid-February - directly in-between earnings calls. This is one of the few timeframes outside of their blackout dates (blackout dates tend to cover most dates in the year for executives, particularly around earnings). + +Five insiders can be seen exercising (buying) options and dumping stock during the narrow 18-day February spike time frame. Amidst the insider sales there is only one insider purchase - a well-publicized stock purchase by Elon Musk himself. + +https://www.marketbeat.com/stocks/NASDAQ/TSLA/insider-trades/ + +---- +The wreckage settles +---- + +After the dump finished, the retail investor money was safely in the hands of insiders and Teslas cash reserves. Nameless large traders (known as "whales") began dumping the shares in high-volume batches, reaping the final harvest of the inflated stock price. Coincidentally, Covid-19 caused a general decrease in stock prices on the NYSE. The stock price plummeted. TSLA is now hovering around ~$400/share on 03/18, less than half the price of the all-time high where retail investors were paying upwards of $800-900 per share. + +Tesla is now $2.31 billion richer (although Tesla's high cash burn rate will incinerate this money within two quarters). Insiders at Tesla have gained hundreds of millions from their timely exit. + +On twitter and message boards, many users are depressed and downtrodden. The investment they purchased during the flurry of hype has lost its value. Many of the users who bought TSLA now joke about suicide or selling their house. Many users who got caught in the Tesla hype are silent - ashamed of their losses. Many are selling their devalued shares at a huge loss and will not return to invest in stocks for the time being. + +----- +The other kind of speculation +---- +Stock frenzys are not a new phenomenon. We can blame the media for the unrealistic moonshot expectations towards TSLA during the hype period. + +Yet, it is tough not to look at the timing of the entire event and squint: +* The company orchestrated one of its largest stock issues during a very narrow 12 day market peak window - a masterstroke in perfect timing and preparation +* The media blitz "pump" occurred despite Teslas high debt load and extremely low car production rate (400k/year). +* Institutional investors stayed put and let retail investors run in to the slaughter, chasing promises of $1000+ TSLA +* Tesla insiders dumped their stock during this period + +Sadly, the SEC has been in a deep slumber for the past two decades. With the tech industry oligopolies running amok; plus thousands of pump-and-dumps that could only be orchestrated in a now socially-interconnected world, we need their enforcement now more than ever. + +Maybe there is some mythical horn we have to blow to rouse the SEC from its slumber. Until then, we can only look at incidents like this and squint at the happenstance. I hope that people far smarter and better researched than myself will look into the Tesla spike and verify that everything is above-board. + +"Funding secured" + +----- +Edit: Counterpoints +----- + +There are a few aspects of this situation that go against my hypothesis that the price was pumped. + +* The dump occurred during the Covid-19 outbreak. It is difficult to seperate market manipulation from the general downturn during this period +* Tesla insiders still hold a large portion of TSLA stock +* Musk himself purchased stock during the spike. (This is a good point, although I don't believe the stock purchase represents a major buy, considering Musk's enormous wealth. Teslas survival is a point of personal pride to Musk. He has been known to play dirty when his reputation is threatened - he once hired a private investigator to dig up dirt on a dive instructor from Thailand that snubbed him) +* The price rose due to the short squeeze. (This is a counterargument I generally disagree with. The short interest was orders of magnitude smaller than the purchase volume that drove the price to $900+) +Would a mutual fund be the best way to go? I'm kind of nervous because the stock market seems disconnected from the economy. I have a feeling it's going to retest the 2020 lows and possibly go lower depending on a number of problems in our economy. What should I do? +(edit: THANK YOU ALL SO MUCH❤️ seriously made my day y’all) + +Hi! This is my first post here because today has been extremely difficult for me mentally. Lots of crying and i’ve even has some suicidal ideation. + +For some back story, I’m 18 years old and a senior in high school. I got accepted into one college out of the 5 I applied to. It’s an awesome college (Virginia Tech) and I’d love to go. + +However, I have one problem. I’m out-of-state. My total for 4 years of Virginia Tech totals up to a little over $200,000, $41,000 per semester. Though my parents want me to go, my parents can’t afford it. I thought I’d get some decent financial aid from the FAFSA since my parents are divorced and I basically have a dead beat dad. Didn’t give me shit. As of now I also plan on attending law school so that’d be even more debt. + +I was rejected from every other school I applied to, except for Appalachian State. Now I didn’t get accepted into that school either, I got waitlisted. Appalachian State isn’t as prestigious as VTech BUT it is about $6000 a year. + +Honestly I have no clue what to do and I’m sick of arguing with my mom about what to do with my life. Please help me out with some advice. +:( +Alrighy, i'm hodling just fine, but while looking at the charts this realisation just became very real for me. What is stopping the market from going back to a state that was merly 180 days ago? At that point it was already getting big. Not trying to FUD here ofc. just an honest question. Since it is not uncommon for prices in the traditional market go up and back down over a longer period of time. Talk some sense into me people. What do you think +I have a Rolex GMT master II for almost 20 years. Stop working, then took it to an authorized dealer for service. They said I could sell it for $13k in this market (I paid $3k). I don't know anything about investing in luxury watches or jewelry and curious if any of you do that. Is it as saturated as some said, any success stories you can share? +Hey guys + +Long story short, my lease is coming to an end within the next 2 weeks. I've (virtually) inspected new places but have decided I like my current place more. As a result of my research, I have discovered a lot of places in Sydney are discounted by 15-25% per week and most landlords are willing to negotiate price. + +My job is fairly stead at the moment \*touch wood\* and I haven't had my income reduced - just no salary increase for this FY and no bonus (which I wasn't eligible for anyways). The more financially astute side of me wants to show my landlord the cheaper listings and lock in a contract until the end of the year that is around 20% off the current price. The more humane (?) side of me feels somewhat bad - my landlord thus far has treated me fairly and I've noticed he seems to be working less. I also feel like rent reduction should be taken up by people who actually need it...and I'm a 27 year old single male making just over 100k. At the same time, there is a voice in my head telling me that even a reduction of $25/week means paying $1.3k less a year...a $1.3k that could be invested or used to treat myself. + +I don't know...what do you guys think? What do you think my chances of success are and do you have any tips re negotiation (besides, having everything in writing)? + +EDIT: by rent reduction, I don't mean asking to pay less for the remainder of my lease - I fully intend to pay what is stated on the lease until the lease is up. I just mean going up to him after the lease is up and saying "hey, look. I want to still be here but I want $XYZ amount off the price" +Help them build up ideas for new inventory. You better believe they are tracking and recording every search through their website. It could also help them innovate new products that gamers want but no one / few people are making. You want an officially licensed gaming blanket? How about some of those LED tiles people put all over their walls? Mountain Dew flavored Doritos?? Cool Ranch flavored Mtn Dew?? +Regional and national construction companies will work on a thinner margin - under 5% - whereas smaller firms or smaller projects can achieve many times that. (Talking about % of job revenue here) + +This seems to fly in the face of the theory that average costs decrease as scale increases. + +Source: I do the books for a construction company and the smaller projects have more margin at the end, whereas margins on bigger projects and the accounts of bigger firms I've seen are typically much thinner. + +In trying to find a sweet spot for what projects this firm should take on this has come up as a sticking point. +I saw [this](https://www.reddit.com/user/fatfiresub/comments/suo5mx/rfatfire_survey_now_that_were_over_250k_members/?utm_medium=android_app&utm_source=share) advertisement recently, with the title "[r/fatFIRE survey, now that we are over 250k members, please fill out this survey so that we can understand who is a part of our community](https://www.reddit.com/user/fatfiresub/comments/suo5mx/rfatfire_survey_now_that_were_over_250k_members/?utm_medium=android_app&utm_source=share)". This seemed like some scam, because: + +1. Why would anyone pay for reddit ads for this - just post it on the subreddit. +2. The user who posted it does not seem to appear to be a mod of this subreddit, though I'm not too sure. + +Just thought I'd warn people of this potential scam - in case someone was about to fill out the survey subconsciously if/when it comes in their feed, and they don't notice it's an ad. The form does look pretty benign, so idk what use a scammer would make out of this either. +Wasn't sure where to post this but I've been thinking about it a lot today. + +I'm a front end manager at walmart which involves being over moneygram and other money transfer services. We get a fair amount of attempted fraudsters calling or trying to pick money up. But yesterday we had this woman come in who was trying to send 2900$ to India. The desk associate asked a typical questions like 'do you know this person' and the woman broke down and started telling her about this man who was on the phone with her, telling her he was in her computer and was going to clean out her bank account if she didn't send him the 2900. + +Apparently she had had some virus and for some reason went to an online geek squad site where this guy talked to her and 'refunded' her like 200$, but of course accidentally sent her way more than that and then demanded she send him the balance back or he was going to ruin her life and take all of her money, not just the amount he had given her. So she ended up sobbing at our counter afraid her life was about to be ruined. + +Obviously we didn't send it, and I ended up telling her this story about when I was a teenager and was selling this guitar on Craigslist. A guy mistakenly sent me a check for like 3000 and wanted me to send him back the difference, minus a few hundred bucks for my troubles. She calmed down, I told the guy on the line to fuck off, and I think she ended up being alright. + +Tl;dr/the point of the story: people always ask who is stupid enough to even fall for things like Nigerian prince scams or stuff like that, and it's really just sad older people who don't understand how technology works and they just get scared into making decisions they probably know they shouldn't. + +Kind of bummed me out, sorry if this is the wrong sub. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +I know I’ve heard time in the market beats timing the market, but would it be risky/foolish to just open an account (let’s say with vanguard) and put 100k into VTSAX right now? +Or would I be better off contributing in 10k increments over a few months? + +What would you advise? +I have foolishly let too much of my money sit in my HYSA and I’d like to put it to work asap. + +Thanks for any insight or advice you can share. + + +Edit: Wow, lots of mixed opinions on this. I think I'm going to proceed with the top upvoted advice: "Do 50% lump sum and DCA rest on red days. That way you don’t even feel bad about red days." +This seems like the best of both worlds. Get the money in there to do its thing ASAP (time in the market). But then DCA the other half for some peace of mind/pacing. +My mother owns a retail building in Texas, if location matters. + +Tenant will not pay full rent because of stolen property. It happened after a scheduled building repair, and all tenants were given notice beforehand. The tenant runs a salon and claims that her grill and other cooking supplies was stolen which was stored outside the back of the building (The back of the building is fenced off almost up to the roof with a lock on the fence entrance). The salon owner blames the repairmen, but nothing was found on the security cameras. + +So now she blames my mother (the landlord) for theft, even though we have functional locks and other security measures. We have even given the salon owner the repairmen contact information. Rent comes along, and the tenant did not pay full rent and refuses to pay late fees in order to fund her stolen property. + +What are the lordland's options in this situation? + +I will do my best to answer any questions. +Hi there. I have been reading this forum for 4-5 years. As many people do, I devoured all the content I could read -- MMM, MadFientist, Daily threads, etc. and got on board with everything. Dramatically lowered my costs, boosted up savings in tax advantaged accounts... even made a career pivot in order to dramatically increase my income. All of that went really well for a good chunk of time. + +In Winter 2018, I started to read and learn about cannabis stocks. Learning of the dramatic returns that many companies had produced due to generous estimates of forward multiples, I became seduced by the prospect of accelerating my path to FI. Over the coming months, I started to weight my portfolio heavily and more heavily in favor of cannabis stocks, going overweight in one in particular (Sunniva Inc) that, based on incredibly extensive DD conducted by me, I thought presented really promising prospects for dramatic returns. My rationale to myself was that if this thing goes south, I'm still relatively young (31 years old) and have plenty of years ahead of me to earn lots of money and save it. + +As it would turn out, this did not go well. That company has disappointed shareholders time and time again, and in the process I ended up losing 75% of my total portfolio. I sold my shares in the company a week or so ago and was completely devastated. I had such high hopes and expectations for this company delivering dramatic returns and transforming my entire financial situation. It did indeed transform my financial situation -- just not in the direction that I had hoped for. + +The lessons learned here are pretty obvious, and they go back to FI principles -- diversification matters, difficult to beat the market, etc. I've lost a substantial portion of my net worth in this move. This isn't a post about shitting on that particular company -- for all I know, given enough time, they will go gangbusters and produce incredible returns for shareholders. That said, I've learned that I simply am not comfortable with that sort of investing. I'd rather trust the basics and control my financial situation by increasing income, decreasing costs, and investing wisely in a simple, diversified portfolio risk adjusted for my age and net worth. + +It is really easy to read MMM, this forum, etc. For me, clearly it was harder to internalize the wisdom of that advice and apply it year in and year out. I hope that I have learned my lesson and will get back on the sound path to financial freedom. +So I made post yesterday about whether is it better to put all my capital in advance rather than little by little in ETFs and the response I got that mathematically it makes more sense to put it all at once. + +My next question is: + +Does it make financial sense to take a personal loan in order to invest more as early as possible rather than putting in the same amount of money in the span of 1 or 2 years? + +For example. Say I can put 500/month into ETF (maybe P2P too) investments. That's 6000 a year. + +Does it make sense to take a 6k loan, invest it straight away and use the 500 to repay the loan over the course of a year? + +Alternatively take 12k loan and pay it back over 2 years? + +Thoughts? + +Any advice is appreciated 🙂 +I have a non-profit project that I am helping to build in Kampala, the capital of Uganda. + + +My family always wants to go to the beach, stay at nice places, all that BS. If it makes the kids happy, then it makes me happy. But you know what would make me happy? Finishing that project in Uganda and seeing other cultures, not the tourist version of that culture. I want to see real life. I want to hug the people I am hoping to help. I don't want to hear what the news says about a place. I want to experience it. + + +So in light of that I made a decision to take my 7 year old boy and myself, and we are going to go to Uganda this spring. + +That's what FatFIRE means to me. I can say eff you to everything else and do what I want to do. +32-year-old suspected of plundering Retrophin to pay debts. + +In the case that closely tracks that suit, federal prosecutors accused Shkreli of engaging in a complicated shell game after his defunct hedge fund, MSMB Capital Management, lost millions. He is alleged to have made secret payoffs and set up sham consulting arrangements. + +Don't miss that KBIO short today, 50% down pre-market! + +http://www.bloomberg.com/features/2015-martin-shkreli-securities-fraud/ +Quite possibly the most structurally sound and rug-pull proof coin I have encountered on BSC. + +This is a project with a real use case, the developers found a great opportunity in the BSC market and decided to take advantage of it. One of the main advantages of this project lies on its tokenomics and the implementation of NFT's in a way that encourages holders to stake their holdings, providing liquidity and supressing dips while at the same time making considerable profits on every $BOG transaction that occurs. Selling $BOG results in the seller being stained with $NGMI, a shame token that cannot be removed from the seller's wallet, listing it on the Hall of Shame on [bogged.finance](https://bogged.finance). $NGMI holders have a major disadvantage in future native NFT summoning and market participation, a system which discourages holders from selling $BOG. + +At the time of writing this, $BOG has been listed on CoinMarketCap, CoinGecko, CoinBase charts, CoinStats, LiveCoinWatch and Blockfolio. + +**Lightpaper** + +A detailed description of how the ecosystem works can be found in the project's lightpaper:[https://boggedfinance.medium.com/the-bogged-protocol-lightpaper-16c7394e250f](https://boggedfinance.medium.com/the-bogged-protocol-lightpaper-16c7394e250f) + +**Contract** + +$BOG's contract is up for everyone to audit and can be found on BSCscan:[https://bscscan.com/address/0xd7b729ef857aa773f47d37088a1181bb3fbf0099#code](https://bscscan.com/address/0xd7b729ef857aa773f47d37088a1181bb3fbf0099#code) + +**Tokenomics** + +The coin's initial liquidity has been locked for at least 6 months. It has an initial supply of 2,500,000 BOG, with 4.4% of transaction fees being redistributed to stakers and a 0.1% burn rate, decreasing total supply. Since launch day, $BOG holders are encouraged to stake part or all of their holdings, not only for the staking rewards which can be very significant at times of high volume, but also to get a chance at summoning their unique NFT, Sminem. + +**Sminem** + +The ecosystem's native NFT token. Currently, 500 Sminems are being summoned by $BOG holders with a further 250 Sminem NFT's being available for summoning soon for a total of 750. Each Sminem NFT has been numbered on a first come first served basis. The developers have confirmed this will be visible, increasing the NFT's value. Once summoned, the owner will be able to create their own design (webm, JPG, PNG or GIF) which must portray Sminem boy in some way. Holding $NGMI means there is a 25% chance the holder's Sminem gets wounded and returned to the claim pool for anyone but said $NGMI holder to claim. A Sminem NFT marketplace is planned, allowing for you to buy and sell custom Sminem NFTs. + +TL;DR, If you want to be sure you're going to be a Sminem NFT owner, don't sell your $BOG. + +**BogTools & BogCharts** + +BogTools are deployable individual BSC contracts. The first use case has been on-chain historical price oracles, used on [bogged.finance](https://bogged.finance) for live price tracking. As development progresses, these oracles will be able to get information on any BSC coin pair, including both live and historical data. BogCharts is what BSC coin holders are asking for, a free-to-use live price monitor paired with a UI package for charting on the token's website. BogCharts' hosting commission will be paid in $BOG by new coin developers, supporting and expanding the project. + +More use cases will be implemented in the short future, such as limit order trading on PancakeSwap and automatically tethering when whales are moving large amounts into exchanges. + +In terms of competitors, BRY is doing oracles on BSC but the BogTools team has managed to do more in 3 weeks than BRY has in 6 months in terms of product roll-out and such. Coins such as SafeMars and SafeMoon are part of the shitcoins surrounding $BOG that have no utility or use-case. + +These infographic guides on [How To Buy $BOG](https://imgur.com/a/73i4b46) and [How To Stake $BOG](https://imgur.com/a/jvCcdQ5) make the process easy. + +The devs are very active on [Telegram](https://t.me/boggedfinance), answering all questions and providing daily updates on development and hosting AMAs. + +If I were you, I would [answer the call](https://bogged.finance). + +&#x200B; + +EDIT: $BOG is starting a group on WeChat for our Mandarin speakers! Link to our dev's WeChat [here](https://imgur.com/11KzrLz), he can add you to the group. +I rented my house out to a realtor who wrote the lease for herself. Now I’m having trouble collecting rent. She put a nominal late fee and is doing terrible job communicating with me. I have another mutual friend I met that said she’ll manage the property for me but told me to phrase it as a consultant. Is it a bad idea for me to bring her on to help me with this? Is it time to evict my tenant if she’s over 15 days late? +# tl;dr + +Citadel Securities (market maker) received outside funding for the first time in the amount of $1.15B; [Paradigm](https://www.paradigm.xyz/) is a Web3/crypto-oriented firm, so there's a strong likelihood that Citadel Securities will expand by becoming a crypto market marker + +*Edit2: recomposed the tl;dr and incorporated original tl;dr into the Preface.* + +# Preface + +I've seen too many posts/comments today that seem to think the **hedge fund** is getting propped up, which is incorrect. What's truly insightful is the ***why*** this investment was made in the ***market maker*** side of Citadel. While the two "Citadel" entities are synonymous due to ownership, they are distinctly different and not interchangeable in discussion. So after a year of us all being here, the following links are for the uninitiated: + +[https://en.wikipedia.org/wiki/Citadel\_LLC](https://en.wikipedia.org/wiki/Citadel_LLC) + +[https://en.wikipedia.org/wiki/Citadel\_LLC#Citadel\_Securities](https://en.wikipedia.org/wiki/Citadel_LLC#Citadel_Securities) + +*Edit3: if you want the entire mouthful, it's* [*Citadel Enterprise Americas, LLC (formerly just Citadel LLC)*](https://sec.report/Document/0000905148-19-001031/)*.* + +# Insight: the WHY of it + +Here's a Wall Street Journal (WSJ) article that offers insight as to ***why*** these firms have invested in Citadel Securities. + +[https://www.wsj.com/articles/citadel-securities-to-receive-first-outside-investment-11641905101](https://www.wsj.com/articles/citadel-securities-to-receive-first-outside-investment-11641905101) + +Those who have been keeping their ears to the ground might find the following quotations of interest: + +>Venture-capital firm Sequoia Capital and cryptocurrency investor Paradigm have agreed to invest $1.15 billion (in Citadel Securities)... +> +>Paradigm is focused on crypto and Web3, a reimagining of the internet, ***areas Citadel Securities is likely to incorporate in the future*** as they become more regulated. + +Now ask yourself: [am I aware of a company that's currently pursuing a Web3 and crypto-backed](https://gmedd.com/blockchain/gamestop-explores-expansion-into-web3-nft-marketplace-and-blockchain-gaming-platform/) [NFT marketplace](https://nft.gamestop.com/)? [Is there a certain DEX that has long been rumored to be partnering with GameStop](https://gmedd.com/blockchain/loopring-ceo-on-gamestop-nft-partnership-i-cannot-comment-on-that-in-new-interview/)? + +*Edit6: Web3+NFT link above swapped out for GME DD to avoid confusion about the irony of the* [*Protocol article*](https://www.protocol.com/newsletters/sourcecode/gamestop-nft-web3) *criticizing GME's move into the space.* + +Don't fixate on Citadel's potential market-grab and potential competition with GameStop/Loopring; consider the move as *a sign of the technological times* and as further emphasis that GameStop is attempting to get ahead of the wave. Citadel is now playing catch-up and needed a metric crap-tonne of money to do so. + +For comparison, GameStop raised [\~$551M in the April offering of 3.5M shares](https://www.reuters.com/business/gamestop-raises-551-mln-accelerate-e-commerce-push-shares-jump-2021-04-26/) and [$1.13B in the June offering of 5M shares](https://www.reuters.com/business/gamestop-raises-about-1-bln-latest-equity-offering-2021-06-22/), though not all of the GME offering capital went to the NFT Marketplace endeavors ([GameStop paid off some debts](https://www.retaildive.com/news/gamestop-upgraded-as-it-raises-cash-for-turnaround-and-pays-off-debt/599787/)). Compare the \[$551M + $1.13B\] vs. \[$1.15B\] numbers as a measure of how serious Citadel Securities (and friends) are and the potential enormity of what they have planned, which is a setup for the Speculation section... + +# Late Additions + +The following excerpt is from an official announce by Citadel Securities. This hadn't come up in searches for me earlier today. I've bolded the important parts. + +>“In Sequoia and Paradigm, **we have partners** that appreciate how the strength of our market expertise, advanced predictive analytics and superlative software engineering can **redefine an industry**..." -Citadel Securities Chairman Ken Griffin +> +>“As **technological innovation in financial markets** becomes only more important, we see enormous opportunities to meet **the needs of our clients across more markets and more products**. Our partnership with Sequoia and Paradigm puts us in an even stronger position as we continue to scale our business, **broaden into new markets** and attract the world’s most brilliant minds.” -Citadel Securities CEO Peng Zhao +> +>[https://www.citadelsecurities.com/news/citadel-securities-announces-1-15-billion-investment-from-sequoia-and-paradigm/](https://www.citadelsecurities.com/news/citadel-securities-announces-1-15-billion-investment-from-sequoia-and-paradigm/) + +Here's what Paradigm is all about. Directly from Paradigm's [front page](https://www.paradigm.xyz/): + +>We take a deeply hands-on approach to help projects reach their full potential, from the technical (mechanism design, smart contract security, engineering) to the operational (recruiting, regulatory strategy). + +It was brought to my attention that Ken Griffin *says* he doesn't like cryptocurrency, though there is an *exception clause*. Get ready to laugh at the irony in the bolded portion of the quotation. + +>Hedge-fund billionaire Ken Griffin criticized the amount of time and energy spent on cryptocurrencies, saying it’s “a jihadist call” that some people don’t believe in the dollar. +> +>Still, while he’s not a fan of the resources allocated to the digital assets, he said **his firm would trade cryptocurrencies if they were properly regulated and he praised Securities and Exchange Commission Chair Gary Gensler for paying greater scrutiny to cryptocurrencies.** +> +>[https://www.bloomberg.com/news/articles/2021-10-04/griffin-sees-crypto-mania-as-jihadist-call-against-the-dollar](https://www.bloomberg.com/news/articles/2021-10-04/griffin-sees-crypto-mania-as-jihadist-call-against-the-dollar) + +Given the recent amount of cryptocurrency attention by congressional and the SEC/GG, I'd say Griffin may have had a change of heart. + +# Speculation + +Consider the following quotations from the WSJ article: + +>Citadel Securities is set to receive its first outside investment... +> +>The deal will give Citadel Securities capital to continue expanding globally, the company said, and could be a precursor to an initial public offering for the business. There is no guarantee the firm will go ahead with a listing and there are no plans to launch one imminently. + +Notice how they only said "first outside investment" and nothing followed? There may be more outside investments to come, or *there may never be a need for follow-up outside investment given the second quotation.* It's possible that Citadel Securities will create an IPO to general grotesque amounts of capital to pursue additional ventures, such as creating their own crypto centralized exchange (CEX) to supplant existing exchanges - **though it's likely Citadel Securities will mostly become a market maker for** ***crypto options***\*\*.\*\* Given their [history of exploitation of trades](https://www.sec.gov/news/pressrelease/2017-11.html), consider the likelihood of how Citadel Securities can capitalize on such a venture. + +*Edit1:* [*Barron's appears to agree*](https://www.barrons.com/articles/citadel-securities-could-become-a-crypto-player-51641922119)*.* + +*Edit4: the CryptoCurrency sub also appears to agree, but I can't link that here.* + +# Final Word & Today's Lesson + +As a community - not just Superstonk - let's not become so myopic that we overlook the bigger picture, and let's certainly adhere to the DD groundwork that's previously been laid by researching prior to posting/commenting; I'm talking about not confusing or conflating simple terms and details. + +No matter how exploitative the entities are - yes, Citadel - remember the following when consuming information and the implications: + +Citadel Securities ≠ Citadel LLC + +Market Maker ≠ Hedge Fund +*Note: Mods, this would be a Data flair, please and thank you for all you do*. + +There's a trending post today about their[ office activity being a crucial datapoint we have](https://www.reddit.com/r/Superstonk/comments/o7kcy4/citadels_office_activity_is_a_rare_and_crucial/). + +If you want a healthy dose of confirmation bias on how many people are at Citadel after-hours... + +I've been doing some food delivery in the Loop (CBD of Downtown Chicago), never starting before 5pm CDT. I always get deliveries to Citadel Center (the name of the whole building). + +In the past 2 weeks, they've moved from leaving deliveries at the visitor desk to having a person whose entire job is watching a cart of revolving order drop-offs and pick-ups. During the 60 seconds I run in/out of the building I see multiple people dropping off food orders. Picking up from nearby businesses I see people in their Citadel Securities fleece vests who have gone out for a quick takeout dinner. + +Now, this is a huge building that's probably full of many businesses, but you should know, from the ground... they really *are* busy in the evening. + +--- + +***This is not financial advice!*** +*This post was **anonymously** submitted via **[www.superstonk.net](https://www.superstonk.net/)** and reviewed by our team. +Submitted posts are unedited and published as long as they follow r/Superstonk rules.* +So I wanted to write about a scam I \*almost\* fell for recently. I haven't seen anything else out there about it. I don't consider myself gullible and these people were prepared for savvy folks. + +The other day, I received a text message purporting to be from Bank of America, warning me that someone tried to send $3.5k to someone using Zelle. I was asked to respond YES if valid and NO if not. I of course have not authorized such, so I said NO. + +I then received a call that appeared to be from Bank of America (it was the same number as on the website and the back of my debit card). They gave me their name and employee ID, and MOST IMPORTANTLY- THEY NEVER ASKED ME TO SHARE ANY PERSONAL INFO. + +However, the $3.5k transaction didn't show up in the records on my side. It was the steps they asked me to go through that made me suspicious. They wanted me to send money to myself to "refund" the money that was supposedly "stolen". + +They first told me that since Zelle is third-party, they couldn't stop the transaction directly. They then asked me to send myself two $$ transfers to get my refund- one for $2.5k and one for $1k. They also had me give them a code that came from an email- supposedly from Chase bank as they were the bank the "stolen" funds were sent to. I didn't give the correct code just in case, but after looking at the email details (sender etc) I don't think it came from Chase at all. + +I was suspicious at this point and made a comment about how it won't let me do that because I didn't even have that much in that account. They then said that they'd do a refund for the $2.5k from their end, but I still needed to do the $1k transfer to get all my money back. I said that didn't make sense- if they could refund part from their end they should be able to do all. He couldn't give a logical answer. + +At that point I hung up and called Bank of America directly. The lady said that BOA texts only come from short-text-codes and they don't call after that. If I say no, a transaction is simply denied and there's no reason to call me. (?? I'm not sure about that). She confirmed that his ID number was false and so was the procedure he tried to get me to complete. + +I'm not sure how the scam would have worked exactly if I had sent those transfers. I assume they were trying to set up another Zelle account with my email address, that would have collected the money I would have thought I was sending to myself? I'm not sure. On my bank I used my phone number for zelle, not my email, but they clearly have both. + +But they were good. They didn't ask for personal info, they spoofed the bank number and made up employee numbers. They were careful to be ready for savvy people who ask questions. + +They didn't expect me to hang up and actually call the bank, since it looked like they were calling from the bank. While I was talking to the bank lady, they were trying to call me back. They tried a few times the next day too. + +Be careful out there y'all. If anyone calls "from your bank", hang up and call the bank directly right away. + +I did post this at r/scams but I thought I'd ask here too, thinking someone might have more insight into how his scam would work. If you know, please enlighten me. Since I don’t know how the scam works, I don’t know if I’ve covered all my bases + +Learned: + +* Banks only text from registered short text numbers; these are almost impossible to spoof +* If in doubt, hang up and call the bank yourself, always!! +Well, US markets had another shocking day. Wallstreet bets is losing its mind. Businesses around the world are having supply chain issues because of corona and economic indicators are still declining in AUS in a more general sence. + +Rather than 100 individual posts, perhaps we should discuss the markets today in one consolidated post. + +Lets post questions , comments and conversation about the coming trading day. + +I'll start. + +EDIT: +At 750am - + +* **s&p**: -3.05pc + +* **nasdaq**: -2.74pc + +* **oil**: -3.09pc + +* **gold**: -1.68pc + + + + +EDIT 2: +Markets now open. Edit at 10:30am + +* **ASX200**: already down **-2.00pc** + +* MCY leading the large cap losers at -5.45pc + + +EDIT 3: 10:45am + +* Mid cap **HLS** seeing big green at +14.85pc after half year ann + +* Mid cap **NEC** seeing good green at +7.12pc after half year ann + +* Seek **SEK** takes the lead in large cap losers at -6.80pc + +Today my positions are shifting into karma, feel free to drop an upvote on your way out. Would be nice to see something going upwards today.... + + +A project created on 20 of March with a very strong community. There were already two big spikes, and the price never went below the previous spike value. SAFEBTC **price is currently consolidating and getting ready for the next big jump**. Take a look at their whitepaper, ownership was renounced and the project was already audited. Listed on DigiFinex and Indoex. + +SAFEBTC is a community deflationary token where all holders have the ability to generate passive income due to the tokenomics of a 4% tax (slippage) that needs to be used. Without having to pool your tokens, the SAFEBTC community is continuously rewarded through group distribution of 2% of every transaction completed with SAFEBTC. Another 2% of every transaction gets locked for liquidity forever. + +**Current Price:** **$0.000000074982668** + +**Fully Diluted Market Cap : $6,860,229.72** + +Total supply: 1,000,000,000,000,000 + +Circulating supply: 391,608,684,642,113 + +Burned forever: 608,391,315,357,888 + +OFFICIAL WEBSITE: [https://www.safebitcoin.io/](https://www.safebitcoin.io/) + +TELEGRAM: [https://t.me/safebtcoriginal](https://t.me/safebtcoriginal) + +CONTRACT: 0x380624A4a7e69dB1cA07deEcF764025FC224D056 + +Block explorer: [https://bscscan.com/token/0x380624A4a7e69dB1cA07deEcF764025FC224D056](https://bscscan.com/token/0x380624A4a7e69dB1cA07deEcF764025FC224D056) + +Next Steps: + +Wallet app and credit card are the next big launches. + +\+ than 175k holders and the number is growing + +Take a look at the graph, we are currently approaching the 3rd **best entry point**. + +[https://imgur.com/a/ofOX0kZ](https://imgur.com/a/ofOX0kZ) + +PS: As always, DO YOUR OWN RESEARCH NOT FINANCIAL ADVICE! +I’m curious how most people view mortgages. If you were 40 and bought a new home, would you do a 30 year? + +We plan to retire at 55 so we won’t have a mortgage that goes over that. +I’d like to buy it because of the crazy housing crisis in Australia. I know of three families who have been struggling with housing and have had to move in with friends and family. It’s crazy out there. I’m afraid an opportunity to buy a cheap house this will never come again. + +There are a few issues: + +Missing gutters, a tree needs to be cut because roots are moving toward house, paint job inside and outside needed, new roof needed in 10 years, bathroom is ugly. + +It’s aboriginal housing. I’m renting the house and I’ve been in it for 8 months. + +Other than that it’s really cheap, 2 bedroom house. Big yard. Good neighbours. + +I would offer $80k for it, I’d go $100k max for it. + +I have no kids, no car. My only major expense is my cat but she’s low maintenance. + +Should I go for it? +For some background, I will be trading using iTrade as I am required to use one of a small number of brokerages for compliance reasons due to my job (sadly none of the discount brokerages are on the list, nor is National Bank). + +Ideally I would just continue buying XEQT every 2 weeks and forget about it, but for the amounts I will be buying the $10 trading fee per transaction will put a big dent into my gains. However, XGRO is one of the ETFs that is offered with no commission fees, which makes it more attractive for biweekly purchasing. + +As I see it, the two most sensible options are: + +1) buy XGRO with no fees, accepting the slightly lower returns over time + +2) pool my cash and make larger purchases of XEQT less frequently + +If I go with option two, I would probably buy somewhere between $500-$1000 (depending on how the rest of my finances look) maybe once per quarter. $40 per year in trade fees isn't so bad, but I'm not sure if losing out on 2-3 months in the market each time is worth taking into consideration? + +Any input is helpful! + + +Hi everyone, + +looks like JP Morgan is offering a 5.25% CD right now. I think it looks good to me, but before i pull the trigger i was hoping to see what other peoples perspective might be + +Jp Morgan Chase Bank Na (TAXABLE, MULTI CALL, COND PUT) +**Trade** + +Coupon +5.25 +Maturity +Nov 22, 2027 +Quantity bid/ask +\--/5000 +Price bid/ask +—/100.00 +YTM bid/ask +—/5.25 +YTW bid/ask +—/5.25 +Don’t want to over complicate anything. This approach seems fine to me. I’ll just contribute quarterly and continue buying individual stocks in my taxable brokerage account. +Two of the popular advice are: + +1. Be patient during some losses and not sell position at the first sign of trouble. If you are an investor, hold it patiently for years. + +2. Don't be married to your position. If a stock is losing you money, exit it. + +These 2 seem a bit contradictory to me. Suppose I own some stock of a company for the long term, how do I know if I should be patient or get rid of my position? + +Update: + +One more follow-up question. As an average investor without even accounting background, I have no way to do thorough DD. If a stock falls tomorrow, I can give you a dozen reason on why it's a bad stock, but if the same stock goes up, I can give you many reasons why it's a good stock. How do I know if DD is correct. I think there is no way to know it for sure? +Of course, I am thinking about fees, credentials etc, but I am also wondering what all things should be checked before giving out personal finance information and so on +I had just gone to bed when something occured to me. I am typing this idea on my phone and would love some input. + +________ + +This hypothesis is an attempt at explaining the current downward price trend, and why it may signal that the battle is nearly won. It also theorizes that shorts may have inadvertently shown their hand. + +_______ + +**"For shorts to stay short and keep shorting, the price must fall"** + +This thought rung inside my head for a few minutes after laying down. + + +For the last few days we've seen an almost linear downward turn of the price. This is counterintuitive, as apes have been buying. + +My theory is that shortsellers are running out of leverage, and fast. Apes keep buying, the short interest keeps growing... and they can't close. This leaves one option. + +We already presumed shortsellers (Citadel) could control the price by routing buy orders through dark pools and filling them with synthetic shares, created through options(correct me if wrong).. what few people realize is they may be able to control it almost entirely, so long as they get to fill just some of them. + +If they run out of margin, their only option is to reduce the value of the stock, by filling every buy order with a synthetic short, so as to eliminate upwards price movement, and thus deliberately lower the price. + +Every share sold short adds to their debt. + +Every lowering of price reduces their debt. + +Therefore, to keep their short within margin, if they want to keep shorting (which they MUST or the price explodes), they have to keep selling their synthetic short shares cheaper and cheaper, at a lower and lower price. + +With this in mind, I present my theory that shorts are running out of margin, to the point where their only option is to increase their leverage exponentially, through naked shorting at lower and lower price points. + +The price is exactly what they need it to be and this is their deathspiral. + +But what's down there? Apes, more and more eager to buy the dip. + +If their short interest doubles, they have to force the price down to half, to keep the debt the same. + +Shorts have to sell synthetic shares cheaper and cheaper to keep their margin covered. The price is falling because... For shorts to stay short, the price *must* fall. + +_______ + +Alright time for bed. Someone with more wrinkles, kindly critique or review how likely you think my hypothesis is. + +_____ + +**Edit: TL;DR** +*Buy and hold. Price will drop becuase hedgies will go bang if it doesn't, so they are forced to drop it artificially by filling buy orders with cheaper and cheaper synthetics. This is an accelerating pattern (deathspiral) which will make them go bang anyway, and probably soon.* + +*When the short interest doubles, the price must drop by half, to keep the margin the same. The more shares apes buy, the cheaper hedgies have to sell them to avoid triggering MOASS.* **If apes keep buying, hedgies are fucked.** + +**buying the dip forces them to make more and even cheaper dip, repeat till MOASS** + +____ + +**Edit 2:** I sketched up a lil visual representation https://imgur.com/a/FeXKDdt +When you buy, their debt grows, forcing them to tank the price by selling synthetics cheaper, to keep their debt in check. This lowers the price, **making GME move exactly opposite how you'd expect** a stock to react to buying and selling. The higher their Short Interest %, the more vulnerable they are to any and all catalysts (such as a dividend payout) +I'm currently freaking out and need help as to what I should do next. + +I was trying to find a remote job off of Indeed and heard back from a recruiter on LinkedIn. She told me I'd be hearing from a manager, and when he called me all he asked was my availability. Didn't say anything about the job, but told me I'd be receiving an e-mail in regards to the next steps. + +He asked for my phone number, SSN, and pictures of the front/back of my driver's license. After some investigating, I was contemplating whether or not I should do it but desperation took over and I sent it. He had e-mailed me earlier this morning, and I only just responded to said e-mail a few hours ago. I checked LinkedIn and noticed the recruiter's account is now gone, confirming my suspicion that it was a scam. + +I've never been in this position before cause I usually know better, but I genuinely have no idea what steps to take next. Any advice would be super appreciated. + +TL;DR + +I got scammed out of my SSN and a picture of the front and back of my driver's license and need to know what to do next. + +EDIT: + +Thanks so much for the help everyone, I'm genuinely super grateful. I've frozen my accounts with Equifax and TransUnion and set up alerts as well. Currently in the process of trying to deal with the mess that is Experian but here's to hoping I can get things situated. + +EDIT 2: + +I've frozen my accounts and set up alerts with Experian, Equifax, TransUnion, Innovis, and ChexSystems, as well as setting up a Credit Karma account. I alerted Indeed and LinkedIn, so here's to hoping the scammers face some sort of repercussions, or at the very least others don't fall victim to the same people. + +Thank you all again so, so much. I didn't expect such a big response, but I'm beyond grateful for all the articles and personal stories you've shared that helped me feel not so alone in this awful experience. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [��� AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Original post here: [https://www.reddit.com/r/AusFinance/comments/d3zpwa/sister\_bought\_car\_she\_cant\_afford\_not\_even/](https://www.reddit.com/r/AusFinance/comments/d3zpwa/sister_bought_car_she_cant_afford_not_even/) + +Figured I should post an update since some people were asking what eventuated. + +As a quick summary for what happened: + +* Sister \[19\] went to a car dealer who managed to convince her to buy a 20k car (not financially-savvy, didn't know about interest on loans, and dealer convinced her she could pay it off for $50 a week or so). She had no other savings and only a casual job from which she doesn't even earn enough to pay tax, plus most of it goes to rent (so even $50 a week probably wasn't doable). +* She traded in her old car (totalled) and put down deposit of around 2.5k. She signed a few things. She was given the car (this is all on the same day - has not even applied for a loan). +* I found out about this about a week later and basically told her to return it and get her stuff back. +* Dealer was a pain and lied about many things. Some examples: + * Claimed they had already sold her car she traded in so they couldn't give it back (we later found this to be false). + * Claimed the new car was legally under her name and she 'owned' it, and if she didn't pay for it or give it back (without getting back deposit and old car) they would call the cops and claim it as "stolen". (???) Also found to be false, she never signed anything from what I saw regarding any transfer of registration. + * She asked to be given all documentation that she agreed to. They kept saying they emailed it but they never did. After several days of calling over and over she just went over there to get it physically. They gave her a page which she had signed - "Offer to buy x car" (and right to 1-day cooling period was waived) - without the terms, conditions etc. which she signed to. She asked for the rest of the documentation and they insisted this was EVERYTHING. (clearly wasn't). + +She tried to go to a bank to get some proof that she couldn't afford a loan, but she didn't even meet the criteria to APPLY for a loan. The dealership kept telling her she HAD to buy the car, or trade down. Or she could get a loan with them for around 10k for a different cheaper car. + +Eventually they realised it wasn't gonna happen. They called and said: "We'll give you back your old car (??? thought it was sold? and deposit) if you give back the new car. + +We went there and they said they'd already sent the deposit, it would arrive in a few days. I didn't believe it for a moment. I didn't want her to give the car back until she got the deposit in her bank. The man talking to her manipulated her, trying to establish trust with her by speaking with us in our background language and trying to build rapport which was clearly fake. We asked him for some written statement or proof she would get it back but he refused, apparently feeling insulted we didn't "trust" him (lol). I wish we never gave back the car until we got the deposit but regrettably we did; they were so manipulative, aggressive and pushy. I was probably the worst person to go with her, being shy and non-confrontational. She had also gotten into a big argument with one of the managers about it as he said she may not get the full deposit due to admin fees getting taken out of it, and he threatened again to call the cops for the "stolen" car after she started shouting at him. This left me more stressed and anxious.. + +So you guessed it. She returned the new car, got back her old car. SHe didn't receieve the deposit after a few days. She called them up and they said, "No, you signed some terms and conditions, you won't get it back." So looks like they lied about having already sent it. + +At this point she basically gave up. + +Personally, I was so angry at the ordeal that I wasn't going to let it stop there. Yes, my sister made a stupid mistake from ignorance. I also contributed to the mistake of not stopping her from giving back the car without receiving the deposit first. I felt we had no power, especially with him threatening to call the cops, and I still had no idea what she had signed/agreed to since they still have never given any of the documentation except for the "Offer to buy". Regardless, I felt everything that happened was so unethical and I didn't believe that they could actually keep the deposit. I believed they were withholding the documentation regarding this, again to lie about it. + +So I decided we should post a review about this on productreviews, hopefully to draw some attention from a representative. I realised there was an option to mediate before posting the review. So I highlighted all the lies and unethical things that occurred, and noted we were going to lodge a complaint to ACCC (we actually did call them for advice, but it hadn't been very helpful). + +**A representative got back to us, and sent back the deposit. Just like that.** + +I still don't know what my sister had signed to other than "Offer to buy". I think the car should not have been given to her, and deposit not accepted, without a pre-approval for a loan. The way everything was done was not right, and I hate that they took advantage of her naivety. I think she's definitely learned a lesson from this. + +**edit:** Also I just wanna thank everyone who posted advice on the original post. Honestly I have next to no knowledge on dealerships/cars and the legalities behind it all. I'm appreciative that most comments were constructive and helpful. My sister and I did not really have anyone to go to about this. Also why I was the one to accompany her. My sister and dad don't talk/have no relationship, so the help he could give was limited. I am almost a parent to my sister in that I give her guidance and help in life, since my parents cannot and aren't in good situations themselves, but I'm 22 myself so my knowledge and experience is minimal. +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! +**Solar Full Cycle (SFC)** is a tokenized utility platform for investors and the industry, dedicated to establishing the recycling of panel waste in the burgeoning solar industry. + +### 🛰️ **SFC Use Cases** + +● Approach End of cycle solar power plants, map/calculate salvage value, logistics and other fees (including taxes). + +● Prepare an agreement between SFC and Solar Power Plant (SPP) ownership/ +management on the block chain, in exchange token against agreement (locked-in account until plant dismantle date). + +● Let recyclers acquire the plants' contracts with SFC tokens and also pre-sale of the capacity of the recycling plant in exchange tokens that even PV plants owners directly book and initiate the recycling process. + +● Set up agreements with the Recycling Companies (RC) where SFC management can send and receive payments via SFC token and get the involvement of the RC owners/management to trade in the SFC trading platform. + +● Set up agreements with Logistic Service Providers (LSP) that SFC management can reserve shipments in cost-efficient ways and SFC management can make the payment via SFC token for the logistics payments. + +● Introduce the SFC trading platform to the LSPs so that they can generate extra profits from the SFC token trading. + +● Token holders can buy PV panels made out of recycled materials at a discounted price and pay for its after-sale services via tokens. + +● PV panel manufacturers can buy recycled materials for their own manufacturing listed on SFC via tokens. + +● SFC physical business profits will be turned back into a token by burning to tokens which is equal to the values of the profit. + +● SFC management will take their salaries and other payments via tokens which is similar to the value of the USD on the payment date to keep the liquidity pool stable. + +● SFC token holders can invest in proposed energy projects and receive rewards via tokens when it’s up and running, also a solution for reducing emission and slippage. + +● SFCNFTs on a green blockchain with smart properties and linked to SFC tokens. + +### 👨🏽‍💻 **Marketing** + +▪️YouTube Influencers + +▪️BscScan ads + +▪️More banner ads incoming + +▪️AMA on DxSale + +▪️IDOPresales promotions + +▪️Twitter ads & more + +### 📉 **Tokenomics** + +As of November 2021, SFC has a circulating supply of 1,000,000,000 tokens. A breakdown of the SFC Tokenomics outlines that: + +• 0%-5% of the transactions will be deposited to a wallet which will be used for marketing and other development costs + +• 0%-5% of each transaction will be distributed to all holders as Reflective Holding Rewards, or Reflections. + +• 0%–5% of each transaction will be locked into liquidity – a pre-emptive measure in stabilizing the price ahead of potentially-larger transactions. As time goes on the price will become even more stable. + +• Any combination of these taxes can be implemented as long as the total tax does not exceed 10% at any given time, and there can be different taxes for buying and selling the $SFC token. + +• Initially, taxes will be set to 4% for buys and 8.5% for sales, and as it open on more DEXes and CEXes these taxes will be adjusted accordingly. + +• There are no taxes for wallet to wallet transfers, only interactions with smart contracts are taxed. + +• $SFC will launch at an original price of $0.0003 (+- depending on BNB price) per token on Binance Smart Chain. + +• $SPE holders eligible for the private sale of this SPEPad launch will be able to acquire a limited amount of tokens depending on which tier they are in, for $0.000275 per token. + +• There will eventually be several bridge solutions for BSC and Polygon, and there are more blockchains we will be expanding to also in the future. + +### 🔗 **Relevant Links** + +**Website:** https://solarfullcycle.io/ + +**Presale Link:** https://dxsale.app/app/v3/defipresale?saleID=1602&chain=BSC + +**Contract:** https://bscscan.com/address/0x0556551F81623aE32c5c7CF853c67fafBE61648a + +**IDOPresales KYC:** https://idopresales.com/kyc-service/solar-full-cycle-kyc-verification/ + +**Solidity.Finance Audit:** https://solidity.finance/audits/SolarFullCycle/ +I have a number of rental homes I have had for between 10 and 20 years. I only accept a minimum of two year leases, therefor all of my tenants have been in their homes for at least two years, some for 4 years or more. Some are still on original or renewed leases and often as leases expire I allow them to just go month to month. The real estate market has been so strong our area has seen very rapid appreciation in real estate values and rental rates in the last two years. I find all of my leases are considerably under the current rental rates being advertised for comparable homes, by $200-$ 500 per month, even the homes I just leased two years ago with leases soon expiring could be leased for considerably more. With the number of homes I have, this is a total several thousand dollars in monthly cash flow for me. I like to think of myself as a capitalist and business is business, although am having qualms about going to a tenant who has been in their home for 2-3-4 years and say as your lease expires if you want to stay your rent is going up by 20 or 25%. On the flip side of that, I could be making several thousand dollars a month more by renting the homes at current rates. Any other landlords faced with this? Suggestions of how you are handling it? +When robbinghood halts trading when the MOASS begins, please don't spam this sub with your stupid ass shit posts saying HOW CAN THEY DO THIS AGAIN AND START CRYING HERE. + +You had 4 months to move out. You dint. +You totally deserve every penny that you will lose. + +They will not only halt trading but also close your positions without you having to do anything. + +I salute all the users who has switched to fidelity and the other respectable brokers not only going away from robbinghood but also moving away from margin accounts which so far has been a big time player in suppressing the real price though it might not be obvious in our eyes. + +Once again I repeat, do not for fucks sake post your tears in this sub and takeaway the good DDs and quality content that will be followed by MOASS soon. + +INFACT I CALL FOR A PETITION ON THE ABOVE FOR ROBINHOOD HOLDER TEARS POSTS TO BE REMOVED BY MODS ONCE MOASS HITS. +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’ve been here since 2016 and I can tell you very confidently right now that this is nothing still. I’m not trying to be that snobby guy, I’m just saying this so that many of you newcomers don’t panic + +You newcomers are the future of this project and it is now that your faith in this project starts getting tested.Many of you (including myself) bought some ETH near ATH and its very frustrating to watch how the market is acting up right now but stay put. + +There are key elements that bolster Ethereum’s position especially for the long term.It has a TON of liquidity and all the major dApps and smart contracts are built on it. + +No other L1 chain has proven to be as reliable, decentralized and safe as Ethereum + +Whales are still buying ETH which is bullish asf cause these are the market makers. Open Etherscan and you’ll know what I’m talking about. Giants like BitDAO alone already have more than 200,000 ETH in their treasury and are buying on average 380 ETH daily. + +All of these factors combined make Ethereum a safe bet for the long term. So to anyone that’s panicking, don’t. Separate frustration and panic from each other and keep HODLing cause Ethereum is truly the pinnacle of crypto projects right now. +Hey everyone I’m wondering what I should do in my situation. I want to finance a truck - 2020 Silverado 1500 work truck for $22,000 (really good deal because of truck month) I have an 8 grand down payment and I work 50 hours a week for 16/hr as a carpenter. In the winter coming up I’ll be plowing on top of that. My family keeps telling me it’s a bad idea and I should just get a cheap crap truck to beat up. What does everyone think? +I see the line from the title repeated over and over in r/thetagang. Most readers here know that selling options is not quite as simple as the title, but a recent study published by the most excellent /u/spintwig really drives home why that is the case, and I wanted to highlight it. The study contains tests of four different expiration strategies, but this post will pick on the 45DTE (Days Till Expiration), as that interval is the most popular thanks to TastyTrade. + +A highly oversimplified explanation of Spintwig's test is that he backtested selling a put option against the SPX every day for two years. You should absolutely read the entire thing to get all the details (will link in comments as automod typically removes posts with links in them as spam), but here are the parts to this discussion: + +5D options are very far out of the money, so we'd expect small premiums, but a very high win rate. And sure enough, when selling 5D (5 delta) options with 45DTE, the win rate was a whopping 95%. Pretty good right?? I mean, with win rates like that, how can you lose?? + +Turns out you can lose pretty badly. The Covid dip caused losses that completely destroyed the profitability of the entire strategy, even after the market came back. **The 5% of the trades that were losers for the strategy not only wiped out every cent of gains from the 95% of the winners, but ended with the strategy down 12% overall, even after the market recovered.** + +I will quote another very well informed contributor to these subs, u/imnotarobotyouare: + +"This is a successful options seller:" ++1 ++1 ++1 ++1 ++1 ++1 ++1 ++1 +-7 + +"This is a losing options seller:" ++1 ++1 ++1 ++1 ++1 ++1 ++1 ++1 +-9 + +The moral of the story is: Do not conflate win rate with edge. As Spintwig demonstrates, you can play it safe by selling far Out-of-the-money options, win 95% of the time, and still lose a lot of money when the fat tail hits. + +Thanks to Spintwig again for his excellent work and generosity in making it available for free. + +EDIT: Some people seem to think this post is an endorsement of a completely mechanical “sell a SPX put each day” strategy. It’s not. It’s a demonstration of how even a very high win rate can still be swallowed by tail risk. That’s it. +Been a coin and kite user for almost a year. Didn't face any issues and UI/UX is also decent. But there are two main problems for which I'm considering switching. + +1. No auto-debit from bank feature for monthly SIPs. I read it is after the rule since July, but others got the feature quick so what's the hold up for zerodha. +2. After the recent 2FA rule, I need to first get the OTP then get the timed code from kite then use it on coin. I prefer websites and don't like keeping apps on my phone specially the finance ones, just for such a small use case. Plus I'm more focused on MFs and not much on stocks right now. + +It sucks because I don't like hopping from platform to platform so want to make the switch final. Not using AMCs directly because I have 5 MFs with 5 different AMCs. + +Looking at other platforms solves my above two problems along with, from limited things I looked and found: + +Kuvera: + +* Decent UI and navigation. +* Many features and options in one place. + +MF Central: + +* Okish UI but from what I've seen slow loading and components pop ins. +* Officially backed so reliable(?) +* Services, I doubt I need but good to have. +* There is also MF utilities, looks horrendous. And why MFC came when other site existed, heck confused about what is what. + +Groww: + +* Amazing and best UI of all. +* Contains QOL small features and the data is well presented, from what I've seen. +* Requires to create a demat acc just for MF. + +Any suggestions and what am I missing? I never needed in coin but how is support service for others? +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! + +This is part 2.3 continuing from [part 2.2](https://www.reddit.com/r/Superstonk/comments/qx8zby/the_algorithm_the_ouroboros_part_22_exposing_hf/). + +# Mirror Mirror on the Wall... Street + +Starting with the first data point to mirror shit that would happen a fuck ton later. Dec 18, 2002 and June 4, 2019 both had similar OHLC as well as having a significant drop in share price. + +[2002 and 2019 Dates Exhibiting Similar Characteristics](https://preview.redd.it/l4h02cjc6h081.png?width=909&format=png&auto=webp&s=01d15100a5155b94ca79c43b2da95eccbabaef5d) + +We know who's on bottom so let's identify the top. And look at that, April 17, 2008 and November 14, 2018 were both peaks AND had similar values. + +[2008 and 2013 Dates Exhibiting Similar Characteristics](https://preview.redd.it/6ex95pwe7h081.png?width=895&format=png&auto=webp&s=1e7d908eede5ac4306775d98a96312b8c57e4855) + +From those (2) peaks also had the same rate of change to the cliché, stick-man, angry-mouth trend we see in the middle. + +[Rates of change to and from the angry mouth are the same](https://preview.redd.it/2rzgbqf66h081.png?width=1022&format=png&auto=webp&s=d457dc15a88090848f59f4d3aaf6e2fece1cc03b) + +# I don't know what to do with my hands. What do I do with all this data? + +Each time frame have similar lows and highs with similar behaviors. Also, we have (2) points each and that's all we need to make some lines. Using these dates are creating a line to find the intersect, we begin to see how a transitional period occurs around the beginning of 2011 and possibly specifically January 18, 2011. Prior to 2011, the share price had a damping oscillating behavior. + +Once 2011 hit, there was no room to continue this oscillation, so a transitional period was forced to begin. As a result, the share price was no longer a very “well-defined” swing in shape. + +[Intersection of trend lines highlighting a transitional period](https://preview.redd.it/l9p8eqq49h081.png?width=975&format=png&auto=webp&s=bae1f9561767afb4f6a3a341345aef990e409c79) + +# Currently Tin Foiling Helmets + +HFT trading entered the scene in 2002 but it was a shit algorithm so a crash happened in May 6, 2010. They were redesigned made to the original programming with hopes to prevent a similar event from happening again. Given how days from yore are still displaying the same behavior, not much else was changed. So while they may have added a greater downwards trend to the new shit introduced in like 2011, they didn't change shit else and definitely did not predict people buying and holding. + +This brings you up to speed where I currently am now with my math shit!! + +# 2021: MOASS Era + +When a super complex script is made that is also of great importance, you do not go out and create your own. Nah. You use what's already there and make edits to optimize. As such, I under the belief that the current values are direct reflections of those in the past. I am still in the middle of definitively proving this as thoroughly as I like to so not all of this shit may be accurate. I wanted to provide why analyzing this data is important despite how it all occurred in the past. + +# Data Planarization + +Data planarization is when you take data and you transform it to fit a new plane. This is helpful when you can to better compare different types of data by making them more similar to one another. So while 2021 data is so nice and pretty and flat so there isn't congestion of data creating noise and such clean sideways trading as seen below + +[2021 Close and Volume vs Date](https://preview.redd.it/94fup03vch081.png?width=1269&format=png&auto=webp&s=d01987c8cccf497264069a97b074f49d7543de1b) + +The years prior to that looked like this shit where it isn't as sunshine and rainbows to easily identify what is going on and when: + +[Pre 2020 Closing Share Price versus Date](https://preview.redd.it/dv2nv1obdh081.png?width=1264&format=png&auto=webp&s=3af5fad3957c0d8e65dc86eda3a7f4f864d73d34) + +To planarize data, you have to identify (2) points to create you x-axis and then use one of those as an origin. In the example below, I have placed green lines at various peaks and then have a vertical yellow line showing where their corresponding values would appear on the red line once planar. The purple lines are the width of the planar peak to peak width. Since an angle has been introduced, the purple line is going to be shorter than the original green line. + +This image also shows how choosing different (2) starting points to creating a new axes can affect the resulting purple width. This also gives rise to a lot of potential trouble because if you don't initially choose good starting points, the planar data is going to be even worse. + +[Data Planarization](https://preview.redd.it/mymeu006fh081.png?width=1101&format=png&auto=webp&s=f2b5eccbd264318331da721040a3e33c1224d2b9) + +# The Methodology in Live Action + +Here is a prime example of how choosing different starting points affect the same original data. On top is the original closing data from years past. The middle and bottom are planarized closing data with different locations for the starting points. + +Since the middle and bottom data has been planarized using the top and bottom of the swings, their corresponding values on the y-axis are different and especially different than the original close data. + +[Historical Close Share Price Planarized](https://preview.redd.it/91qo5vfbgh081.png?width=1050&format=png&auto=webp&s=3c849cbcd58a3d237c804dcf69e38a9fe3224a7d) + +I chose these locations to specifically use as an initial attempt to create boundary lines to better characterize the dampening share price data. + +[Pre 2021 Share Price with Initial Boundaries](https://preview.redd.it/mfsampl9hh081.png?width=894&format=png&auto=webp&s=1884af2c14fe34b6a4f257b2b29065ee0af97826) + +I don't want to give away all my secrets because I like to leave the audience craving more. *Also, I'm still going through this myself and I don't like providing data unless I'm 100% certain it's been thoroughly done.* + +Those new lines are all values discovered while doing the planarization study. Further points out the similarities amongst all the dates. + +[Historical Data versus Dates using identified significant values](https://preview.redd.it/h9n01n8kih081.png?width=2585&format=png&auto=webp&s=8994b235f2553c0ccefd51b55e3a42c003f32a0e) + +Similar to planarizing tilted data to make it flat, you can reverse uno card it to tilt planar data. After isolating significant dates from ALL THE YEARS to use as my new x-axis, it's providing me these type of new limits / boundaries for the 2021 dates. It's still very much a work in progress but I wanted to provide solid reasons as to why analyzing past data is important. + +[All the potential initial limits](https://preview.redd.it/53k9r2l7ih081.png?width=1081&format=png&auto=webp&s=d83a309372466d9cb4a93af1bae74c0e89c8e022) + +Similar idea but with different significant past dates used for analysis. + +[All the colors of the rainbow](https://preview.redd.it/v65eind6jh081.png?width=1106&format=png&auto=webp&s=225d74ef35a21be5c59e2628b7b20ca3387161fa) + +TLDR: + +* HF started to fuck with GME in late 2002. +* The share price and dates of when they occurred seem to be happening exactly the same to the dot +* All the values are controlled and / or constrained. +* The same HFT algorithm used in 2002 is being used today. +* 2021 data may have been already set in stone from previous data +* Keep you hands diamond. Your balls titanium. And your butthole clenched. +* Hold the line. I'll see you on the moon apestronaut. +* Yolo + +[GME Share Price Sauce](https://finance.yahoo.com/quote/GME/history?p=GME) + +[tweet](https://twitter.com/pwnwtfbbq/status/1461565804554514437?s=20) +It's been quite the decade since this subreddit was created, and I thought I'd reflect on how our personal histories inevitably shape our perspective on the world. + +If you "grew up" investing in the period this subreddit has been around, the total US stock market has looked like [this](https://imgur.com/21P3P31) ([source](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=2&startYear=2011&firstMonth=11&endYear=2021&lastMonth=11&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1_1=100)). From Nov 2011 to Nov 2021, the market saw a real CAGR of over 13% while the largest financial shock was a 21% downturn that recovered within 4 months. If you "grew up" investing in the period this subreddit has been around, why would you invest in a globally diversified portfolio of 80% stocks and 20% bonds when the comparison looked like [this](https://imgur.com/Eeg7Pch) ([source](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=2&startYear=2011&firstMonth=11&endYear=2021&lastMonth=11&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&portfolioNames=true&portfolioName1=100%25+US&portfolioName2=Global+80%2F20&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1_1=100&allocation1_2=48&asset2=IntlStockMarket&allocation2_2=32&asset3=TotalBond&allocation3_2=20))? You'd have given up 5% real return every year in service of diversification, or as it's often called these days, "diworsification." + +Had this subreddit been founded 10 years earlier, though, the first 10 years would have looked very [different](https://imgur.com/jV8lfAu) ([source](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=2&startYear=2001&firstMonth=11&endYear=2011&lastMonth=11&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1_1=100)). From Nov 2001 to Nov 2011, the market saw a real CAGR of only 2% with downturn loss of over 50% that took well over a year to recover. The globally diversified 80/20 portfolio wasn't a fun hold either, but it offered a lower downturn of 44%. When measuring the relative performance compared to the US stock market, the globally diversified portfolio offered a [60% better return](https://imgur.com/RWCN8So) (3.4% vs 2.1%, [source](https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=2&startYear=2001&firstMonth=11&endYear=2011&lastMonth=11&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&portfolioNames=true&portfolioName1=100%25+US&portfolioName2=Global+80%2F20&portfolioName3=Portfolio+3&asset1=TotalStockMarket&allocation1_1=100&allocation1_2=48&asset2=IntlStockMarket&allocation2_2=32&asset3=TotalBond&allocation3_2=20)). + +It's hard to overstate the psychological difference these returns can have on an investor's perspective. Even "basic" concepts like volatility have vastly different meanings in these two eras. The single best resource I can think of for getting into the mindset of what it is like to go through the stress of a real financial downturn is [this thread](https://www.bogleheads.org/forum/viewtopic.php?t=25126) at the Bogleheads forum. I can't help but empathize with the scenario of someone who *knew* the concepts of stay-the-course and "don't panic," but who also had to face the fact of losing a year's worth of retirement income in a single day. I am convinced that there is no amount of math or modeling that would have helped you sleep well at night during that terrifying period, month after month of falling returns with no knowledge of where the bottom would be or *whether it even existed*. + +This is to say that we are all the products of our time. We *know* the facts of investing: invest early and often, keep costs low, diversify, and, above all, **stay the course**. But living these facts, month after month, year after year, isn't easy. We know we should ignore the noise and disregard the financial media clickbait. But the noise is here too. It's in the Bogleheads forum as well. The noise is the collective investing perspectives of all contributors, all in large part informed by the financial environments those contributors grew up in. I don't mean this to target the US stock market in particular, but when someone recommends going 100% with a given asset, integrate the possibility that they have only ever seen that given asset rise or bounce back rather quickly. And when giving financial advice or considering your own portfolio, consider the financial environments that you've grown up in and ways you can find outside perspectives. +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 +https://www.cnbc.com/2020/02/24/coronavirus-plunge-msft-aapl-googl-amzn-fb-lose-220b-in-value.html + +Shares of Big Tech companies took a hit Monday after a surge in coronavirus cases renewed rears of a global economic slowdown. + +Altogether, Apple, Facebook, Amazon, Microsoft and Google — six of the most valuable U.S. companies — lost over $220 billion. +I am shaking y’all. + +Aug 2018 - Nov 2020, I was making $30,000. + +In Dec 2020, I increased my salary by 60%. + +Now, I just received a job offer that increases my salary by 112%. + +I am shaking. I can’t believe it. I’m so afraid of celebrating because I have anxiety that the new job will fall through or something. + +I grew up poor. My parents are immigrants who worked flea markets and video shops. I sold cans and plastic bottles for extra pocket money growing up. I would have never imagined that I could make a 6-figure salary in my life. + +I know people say to budget well, especially since more money means more expenses. I am all over the place right now but I wanted to share the good news. + +EDIT ————- + +Thank you everyone for your incredibly kind words and great insight. A lot of what you’re saying (investing, budgeting) is new to me, so I’ll take the time to do more research and be smart with my finances. Truly appreciate everyone’s congratulations. I won’t forget my roots! I want to save good money to do something really special for my parents in the future. + +I’ve been getting some chats and questions, so I am more than happy to chat further! My remaining 2 weeks begins now, so I have some good time to talk more about my career path if anyone is interested. Cheers! +Hey fatFIRE crowd. + +How much of your yearly income are you realizing personally? + +I’m asking this for two reasons. + +1)The income tax rates above $200k are so ridiculous +50% that I end up living a more austere lifestyle than I want because I fundamentally disagree with the government taking that much money from me. + +2)The amount of investments I find in the double digit ROI arena is basically endless (ie. commercial real estate, operating companies expansion, angel investing etc) + +Was there a stage in your journey where you thought “aight, enough is enough, I need to start consuming more”. Was it a particular age? Did your kids grow to a certain age? + +Background for me: $8m NW, 2 kids under 5, early thirties, no equities, 100% RE and private businesses. +As I’ve grown older one of the more peculiar things I’ve realized is that there really isn’t any proven path to professional success. In fact, there doesn’t even seem to be a consensus definition of success. I’ve had the opportunity to break bread with Chinese billionaire clients, former high school friends turned blue chip VC partners, and post-entrepreneurial retirees in their thirties now training at my boxing gym. Metrics of professional success vary wildly, from raw net worth to annual portfolio ROI to the amount of daily leisure time afforded. The path(s) to achieve such diverse definitions of success is an order of magnitude even more varied. + +But there is one common trait that every “successful” person I’ve talked to has espoused, and that is the cultivation and application of good judgement. Naturally one might ask, what does good judgement look like? I find good judgement to be easy to recognize when I see it demonstrated, but curiously difficult to actually define. One working definition I like is the *ability to understand the long-term consequences of your actions*. Another is *the ability to recognize, control, and channel your emotions, rather than allowing your emotions to hijack, control, and use you*. + +Perhaps it’s easier to define and better illustrate the benefits of good judgement by demonstrating the application and pitfalls of poor judgement. I’ll share three examples from my own career that I’ve done some reflecting on over the years. It’s going to be impossible to capture all the nuance and specifics of each situation, but I promise to be as honest and objective as I can. + +# Personal Directive + +The most common behavioral interview question consulting firms ask prospective students is *“why do you want to do consulting?”* If we were all telling the truth, the overwhelmingly most common answer would be *“prestige”*, followed by *“exit opportunities”.* For me it was both. I interviewed well and got several offers coming out of school. However, during my first go-around at consulting, I was absolutely miserable, and perhaps more importantly, terrible at my job. + +I spent so much of my time positioning myself to get onto the sexiest projects. I networked well and was able to do so. My peers were jealous of me; early on I was seen as the high-flyer amongst my class, and I reveled in it. However, I consistently underperformed on my projects; I was sorely lacking all the fundamental junior consulting skills my peers had developed on less sexy projects. After two years of underperformance, I did not make the promotion cut and was transitioned out. + +**I exhibited poor judgement** by spending too much time chasing what I thought would position me best for exit opportunities, and not enough time figuring out if I actually enjoyed / was good at consulting. My insecurity and (at the time unknown) need for external approval clouded my internal decision-making process. Better judgement would have been to reallocate much (not all) of the time and effort spent networking into actually developing the core consulting skill set. I believe this would have made me a better consultant, and more importantly it would have helped me realize more quickly if I truly wanted to do this long-term. + +# People Management + +Fast forward a couple years after being unceremoniously booted from my first consulting firm; I was now an engagement manager at another firm running a high-profile project for a first-time client for the firm. One of the team members staffed to this project was an experienced associate up for promotion soon. Over the first two weeks, she spent a good amount of time “coaching” other team members, but not enough time looking after her own work. I shared my concerns with her during our feedback session, where I was met with a combination of defensiveness and lukewarm acceptance. The following week I asked her to own a menial but critical task (cleaning and aggregating raw data into a pivot table), where she let me know in no uncertain terms the work was beneath her and she would not do it. + +Filled with moral indignation and self-righteous fury, I went to the project partner and demanded she be rolled off and replaced with a more competent associate. I told him she was endangering the project, and for good measure, added she was jeopardizing his chances for future projects with this client. This particular partner was not someone I would consider a role model, but on that day he did deliver some sage if not brutal career advice: “*You’re not a leader because you make pretty slides and talk a good game. You become a leader when you can turn a group of mediocre performers into a high-performing team. Figure it out.”* + +On that project, I was unable to figure it out. In the end I could not get any meaningful contributions from the aforementioned associate, nor could I get her rolled off the project. We managed to deliver an acceptable work product at the end, after 11 weeks of consistent 70+ hour weeks. The associate was not promoted and was soon counseled out. The partner did not manage to sell any follow-on work to the client. I received poor marks during my review and developed a reputation among the juniors as a project leader to avoid getting staffed with. + +**I exhibited poor judgement** by failing to realize not everyone makes decisions I would. As a junior consultant, I was always insecure about my lack of industry knowledge and a such was always happy to exchange grinding unpalatable tasks on my part for mentoring from my managers. I assumed everyone else was the same; I was wrong. The associate in question had a PhD and several years of industry experience; in hindsight it was preposterous to think she would have the same goals I did when I as in her shoes. + +Even more damning, **I exhibited poor judgement** by letting my indignation and sense of righteousness get the better of me. I was so caught up in how I was wronged; I did not have the wherewithal to simply ask her what she wanted, and *actually listen*. In hindsight, it’s painfully obvious now that one of her developmental goals was to demonstrate more leadership in order to position herself for advancement. It would have been simple for me to reassign the task to an intern and have the associate manage / complete the workstream. Intern gets the reps and coaching, associate gets the management experience, and I get a quality work product. Win-win (win). + +# Capital Allocation + +I am a small-time philanthropist, donating to local charities and non-profits that champion causes consistent with my value system. I am also a big proponent of impact investing, where the success of the fund is not measured (only) in ROI but in efficiently investing in projects consistent with its mission. I take great personal pleasure in deploying my personal wealth (and time) towards causes I am passionate about. + +But I am also a professional investor, where my first and foremost objective is to maximize risk-adjusted returns. Earlier in my career there was a certain political ideology I felt quite strongly about. I believed I, and the people that agreed with me, were the “good guys” and refused to believe those on the other side had anything to offer intellectually. I invested a good amount of personal capital, and even more so personal time and energy, in areas that aligned with my (at the time) ideology. In my mind, I was NOT investing for impact; I truly thought this was the highest ROI decision available to me at the time. + +**I exhibited poor judgement** by seeing the world the way I wanted to see it, rather than the way it was. I fell victim to confirmation bias, seeking out opinions that validated my own and discrediting anything and anyone who disagreed with me. My anger at the “bad guys”, and more importantly my failure to realize that my anger was driving my decisions, clouded my financial and even spiritual decision making. Please note I do NOT think it is a lapse in judgement to invest in causes you care about; the mistake I made was confusing what I wanted to be true with what actually was true. + +# Conclusion + +A natural question to be asking at this point is “how do I cultivate better judgement?”. I’ve already rambled on for longer than I originally intended to in this post, but if there’s interest I could certainly see myself starting a thread / discussion on that topic at a later date. Most of my thoughts of the matter touch on the intersection of philosophy and spirituality and may not be appropriate for this particular subreddit. + +As a closing remark, I certainly do not think it is any sort of “moral failing” at all to be exhibit poor judgement throughout one’s life. I find it’s the best (perhaps only?) way to grow and consequently exhibit better judgement in the future. A mind capable of good judgement is hard-earned; a mind capable of perfect judgement is an asymptote we can strive for but accept we will never reach. In my humble opinion, the moral failing, if there is one at all, is to be capable of yet refuse to live an examined life and learn from our past mistakes in judgement. + +Thanks for reading. +Hi guys + +I have around 250k saved up (inheritance + good saving habits). + +I remembered that when I first put the bulk of it into my HISA it was because they were offering around 2.5% interest rate - which is higher than the 1.8% indexation rate of HECS. + +Yesterday, I rechecked and the interest rate had fallen to 1.5% - this figure was before tax and lower than the HECS indexation rate. + +My question is - given this, should I just pay off my HECS debt (around 30k) all at once? I want to buy property if the price drops in the next 6-12 months but I still have more than enough for a mortgage (220k) afterwards. + +What do you think? +This is a 6 month update after my first [post about installing solar panels](https://www.reddit.com/r/AusFinance/comments/m69mh4/my_first_electricity_bill_after_installing_solar/). Shortly after posting all the numbers, Energy Australia sent a 'ooops, we miscalculated your bill and you overpaid' letter so my numbers from that original post are off. I mentioned making the switch from Energy Australia to AGL in my first post and I have since moved over to chase a higher FIT but the peak, shoulder and off peak rates are higher at AGL compared to Energy Australia. All plans mentioned in the original post are no longer available on the current market as of Oct 2021. + +I've now had 9 full months of data with the smart meter running so [here's the new album on Imgur](https://imgur.com/a/1nufYMy). I have annotated the pictures with greater detail. + +Details: + +* 8.4kw system (24 solar panels from Q Cells and Enphase Microinverters) + +* Sydney + +* $0.17 feed in tariff + +* Main home plus granny flat on same electricity meter. 6 adults and many separate home offices. + +Jan to March inclusive were spent with Energy Australia which at the time gave me a $0.095/kWh FIT. I also had an old 2 or 3 year locked in plan which gave me 25% off + 3% off usage charges discount. They were shuffling me off that plan which also contributed to me switching providers. That discounted rate was also predicated on an early payment of the bill otherwise it would have jumped to the higher rate depicted in the bar graph. + +April to Sept inclusive have been with AGL. The daily supply charge is lower in comparison to EA and the FIT is currently $0.17/kWh. We've been in lockdown for the entirety of the July to Sept inclusive bill. + +From Jan 01 to Sept 28 I have paid $826.43 for electricity purchased from the grid. + +I anticipate far more sunlight in the last quarter of the year so a much smaller bill compared to our autumn + winter bills, even with high air-con usage. +I'm still relatively new to algotrading, but I've noticed people saying that crypto is easier than stocks, which are easier than forex. Is this true? Why is crypto the easiest of the three? Why is forex the hardest of the three? Is this correct? +Not looking for active vs passing MF discussion. + +Say, you have conviction and process and invest in stocks directly. Do you compare your track record to index performance e.g. investing (or redeeming) the same amount on same date across your direct equity portfolio versus some index (or index MF). + +Why or why not? + +If you do, what did you find? Did that change your decision/process? +He basically says he wants to fix up trailers and rent them out or resell them. I don’t know much about this but something tells me this isn’t the way to go about this. He’s already purchased signs and got other family members involved. But everyone’s in crippling debt, or have credit issues. What advice can I offer him? +**Arithmetic vs Geometric Means** + +There is more than 1 way to calculate the mean. For the purpose of this post we will focus on 2 ways, arithmetic & geometric means. (Note - there are others, but not relevant to our return conversation). + +Arithmetic means “math dealing with addition, subtraction, division, and multiplication”. + +However, THE arithmetic mean is what you likely of when you think of an average. The arithmetic mean is when you sum up all the numbers in a set and divide by the count of numbers in a set. + +\-------- + +A geometric sequence is a series of numbers that each number gets multiplied by the previous numbers. (Hmm…numbers multiplied in a series…sounds almost like how stock returns are calculated period to period huh?) + +The geometric average is when you take the product of a set of ‘n’ numbers and then take the 1/nth root. + +**Simple Example:** + +To make a simple example, lets say that you look at your last 4 years of investing. In no particular order, you see returns of 10%, 15%, 20%, and -7%. + +Not bad, 3 good years and 1 bad year. + +What is your average return? + +If you take the arithmetic average you sum up 10% + 15% + 20% + (-7%) and divide by 4: + +[arithmetic avg](https://imgur.com/a/VFz59o8) + +If you take the geometric average you multiple (1 + return) for each year and then take it to the 1/4th power minus 1: + +[geometric avg](https://imgur.com/a/NvJ0zGY) + +Now this is where is gets to the important point. What is the actual return you would have over the last 4 years? IE - What is the correct answer? + +If you invested $100 four years ago and got a 10%, 15%, 20%, and -7% return over the 4 years, you would have: + +[return table](https://imgur.com/a/ZjwG21m) + +And the correct answer is the geometric average. The geometric average will give you the average return to use to get to the same ending value. + +You can check by taking the ending value of the actuals and seeing the annualized return and confirming it matches. (141.17 / 100 )\^(1/4) - 1 = 9% + +*\[Note - you can see how all the returns & portfolio growth formulas use the same multiplication as the geometric mean.\]* + +**Bad Math & Over Estimating Growth** + +If someone were to take the ‘average’ of the last 4 years of returns and tell you them, and then if you used the ‘average’ return to project out your future expected portfolio growth, you would get very different numbers depending on which average you used. + +Even in our simple example with only a 50bps difference in return results in a huge different ending value: + +[variation in returns (excel graph)](https://imgur.com/a/sEkeKf4) + +The easiest average to calculate is the arithmetic average. It is the one most people know. It is the one most people think of with average. And it is the one that gets used in these type of statements. + +If you use a higher arithmetic average, it is easier to imply some low dollar amount will grow to over $1 million dollars over a long-enough time frame. + +>**Remember, the arithmetic average will ALWAYS be larger than geometric average when looking at historical returns.** + +The graph above may look relatively close, but the ending values are \~$950,000 vs \~$1,130,000. You are getting almost 20% lower ending values from that 0.5% difference, nearly $200k. + +**Wrap-up: Arithmetic vs Geometric Mean** + +Using the arithmetic average when referencing prior returns should be a jailable offense, particularly if done in a way that over estimates the future portfolio growth. Even using a 4-year history, you can see how quickly arithmetic and geometric averages can start to differ. + +\-------- + +So, what's the point of this post? + +**Contributions Make The Actual Realized Average Return NOT The Geometric Average** + +Going back to the simple example above, assume over 4 years you get returns of +10%, +15%, +20%, and -7%. If you invested $100 today, it would grow to $141 after the 4 years. + +We showed that the arithmetic average of the 4 numbers is 9.5% but the actual return you received was the geometric average of 9.0%. Geometric averages are always lower for returns, 50 bps in this 4 year example. + +*Now it is time to take it a step further* + +If you were to contribute $100 at the beginning of every year, what would your ending value be? + +Plug the numbers in and $100 invested at the beginning of the year, grown at 9% for 4 years =$498. + +But also wrong. The actual answer is $454 to $551. + +Why the range? + +Because when you contribute money over time, the ***sequence of your returns matters.*** You can’t just look at the average return. Below in the 2 tables it shows the 2 paths to get to $454 or $551. (The ending portfolio value is highlighted in blue). + +If the asset price goes down 7% then goes up 10%, 15%, & 20% you get a higher ending value than if the asset price does the reverse (up 20%, 15%, 10%, then down 7%). + +[table](https://imgur.com/a/gbvC0F2) + +However if you look at the peach cells, you see that in both cases the ending price of the asset is the same $14.12. This aligns with the 9% average return over 4 years. *\[$10 \* (1.09\^4) = $14.16 which is off by a few pennies for rounding when calculating\]* + +If it isn’t clear from above, when the price goes down first, you are able to accumulate more shares with each contribution. Your initial purchase the price is $10 under both scenarios. When you make your 2nd contribution: + +* In the “down-then-up” scenario, the price of the asset has dropped to $9.30 and your $100 buys 10.75 shares, vs +* In the “up-then-down” scenario, the price jumped up 20% to $12, which means you only are able to buy 8.33 shares with $10. +* You were able to buy almost 30% more shares if the market goes down first. + +A similar story happens for your 3rd and 4th purchases. In the decrease then increase scenario, the prices are lower and you are able to buy more shares with each contribution. + +You end up with 39.03 shares vs 32.17 shares for the same $400 of contributions. Over 20% more shares are owned going into the last period. + +Then in the last year, you get a 20% growth on your larger share count in the “decrease-then-increase” scenario really driving a big pop. Whereas in the other scenario, right when your portfolio is the largest, it drops 7% leading to a big $ loss. + +**Result - Sequence of Returns Matters When Making Contributions** + +Both of these scenario have an ‘average’ return that is the same. A 9.5% arithmetic mean and a 9.0% geometric mean. + +But you wind up with 20% less value in this simple 4 year example just from the different order of your returns. This is when your average is not your average. + +Since each contribution is in for a different period of time and each contribution grows the portfolio, you have more $ contributed at the end than the beginning. To get the real average return, you need to weight each return by the money in the portfolio. + +The solution? + +**The Money Weighted Rate of Return:** + +This is simply an internal rate-of-return (IRR) calculation where each contribution you make & the ending portfolio value gets discounted back to time 0. You are solving for what rate makes it so all your discounted contributions = your discounted ending portfolio value. + +[formula](https://imgur.com/a/9xbBzPj) + +How does the MWRR work for our two 4-year scenarios above? + +[solution](https://imgur.com/a/UvzlbAT) + +All right, now we have one potential answer for the actual realized ‘average’ return. You can check the results to confirm it is accurate with our Future Value function and see that it matches: + +[FPV](https://imgur.com/a/kXdYUjY) + +We match. 13.2% is the actual realized return on all of our contributions in the decrease then increase scenario. We had the most money into the portfolio and then the last year saw a big 20% return. Since we had $400 of contribution in there that had grown 3 years already, the 20% return got the most ‘weight’ by portfolio size. + +While in the increase then decrease scenario our actual realized return is 5.1%. We only had a $100 contribution in when the bit 20% return hit, but had our biggest portfolio ‘weight’ to the -7% down year, which dragged down performance. + +\------ + +To bring this first circle, I decided to a theory from the start. $555 a month contributed at an average return of 9.5% for 30 years is over $1 million. + +I started with the SP500 Total Return (TR) index going as far back as I could get it (Feb 1988). + +* Total Return index INCLUDES dividends, so it is typically 1-3% better returns than the regular SP500 index. Regular SP500 index is a price index and ignores dividends. By choosing the TR index, we are giving the chance for the MOST growth. (ie-best chance our test shows $1,000,000). +* I took the 30 years of monthly returns for each 360-month period possible up to the present (6/15/2022). + * March 1, 1988 to Feb 28, 2018 is the first 30 year period + * April 1, 1988 to March 31, 2018 is the second 30 year period + * July 1, 1992 to June 15, 2022 is the last 30 year period (month not over, but included the month-to-date return) +* There is a total of 53 returns + * Note- I would love to have a longer history and more data, but this does a sufficient job of showing the potential difference in outcome even with only 53 possible periods +* The lowest Geometric average return across those 52 periods is 9.3%. Very close to the 9.5% return in the tweet listed at the start. + * $555 monthly contributions at an average of 9.3% for 30 yrs is $1,090,300 + * Note - The lowest arithmetic average of 30 years is over 10% + +**To Summarize:** + +“The lowest average return over a 30 year period since 1988 is 10.3%. If you contribute $555 a month at an average return of 10.3%, you would have $1.35 million in 30 years.” + +* Technically, the arithmetic average is 10.3%, so that is an ‘average’. And if you got a constant 10.3%, you would have $1.35 million in 30 years. Both statements are ***not*** false, although both are misleading. + +Enough build up…what does the actual historical numbers say? In our scenario with a 9.3% average (geometric) return, did we hit $1,000,000? + +Nope, only $838,736. + +You fell nearly 20% short of expectations + +[graph](https://imgur.com/a/oNTx4G2) + +If you look at the above chart, you can see that the worst scenario (blue) is very close to the best scenario (orange) till about year 27. Then there is a big divergence at the end. + +**Conclusions: Money-Weighted Rate Of Return Is The Average You’ve Been Looking For** + +The arithmetic average returns are 10.4% vs 12.1%… But these are obviously incorrect. + +The geometric average returns are 9.3% vs 10.9%. But that is misleading because you can’t use the geometric returns when you making contributions over time. + +The money-weighted returns are 8.5% vs 10.9% (coincidently). This is the real ‘average’ return your money made over the 30 year period. + +This is why my flippant response to the question of “what is the best advice for a lower income to have a successful retirement?”…Be born in the right year. + +The best scenario above is from 1/1/1992-12/31/2021. The worst scenario is 4/1/1990-3/31/2020. You have 2 people who do the exact same behavior (invest $555 a month for 30 years). One ends up with over $1,300,000 and gets almost an 11% money-weighted return. The other ends up with less than $900,000 and gets a 8.5% MWRR. + +A 50% difference in results based on being born 2 years later. +I am a person who fled from Afghanistan in the year 2000......back when the Taliban was in charge as well. It is horrible for me to see them rise to power again today. + +My family is still in Kabul. I can tell you that cryptocurrencies would not have saved them. As soon as other countries heard of the Taliban rising, they closed all embassies so nobody could get a visa. It used to be easy to get out of the country to atleast Pakistan, India or China but they too closed their borders when the Taliban march became too 'real'. With no passports, no visums and no money for 90% of the Afghan people, where would they go? + +As more and more provinces were being taken, more and more people were forced to go to Kabul. Most of these fugitives had fought against the taliban in their own province and were now forced to sleep in the parks, on the ground and in the parkings lots. The locals of Kabul spared them whatever food they could....... + +When the Taliban circled Kabul, hyperinflation occured. Prices of all foods skyrocketed out of fear of dying of starvation. Do you really believe cryptocurrencies could have changed this? + +**I think not.** + +Also what many people don't realise is that many in Afghanistan are UNBANKED. They only hold some cash and use it to buy stuff. Cash would be more useful in this scenario than having cryptocurrencies on some exchange or even in your wallet. What if they turn off the internet? They will surely censor a large part of the internet if not compeletly turn it off. I remember back in 2000, you weren't even allowed to listen to music, hold a wedding etc. I fear for my family but all I can do is pray. + +&#x200B; + +EDIT: + +1. Some people are asking 'who said this' => This post was mostly a reaction to the **comments** in this [post](https://www.reddit.com/r/CryptoCurrency/comments/p50c9y/people_flocking_to_empty_banks_and_atms_in/) (not to OP!). Also, if you read through the comments in this post, you will find people with similar ideas here. +2. I am grateful to all those who are writing kind words to me and my family. Your warm words have a profound effect on the heart. Ideally, I would like to thank every one of you personally, but this post has grown much larger than I expected and I am no longer at capacity to do so. However, I will read through every comment and upvote you when I find you. +I am very new to investing. I have no bought any shares yet. + +I have been following [www.fool.co.uk](https://www.fool.co.uk) blog for a couple of weeks. + +I just received an email from them with some tips regarding some mining companies. They were described as 'Must buys' and a great sense of urgency to buy (which makes me quite suspicious). In order to actually find out what the company is, I have to pay the yearly fee of £150 which will unlock other tips. + +Is The Motley Fool a credible source in investing? Is it worth signing up to their Share Advisor for this price? +Full tweet is "I’m excited to share that we’re appointing @elonmusk to our board! Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board." +He goes on to say. +"He’s both a passionate believer and intense critic of the service which is exactly what we need on @Twitter, and in the boardroom, to make us stronger in the long-term. Welcome Elon!" +[Here is a link to the tweet.](https://twitter.com/paraga/status/1511320953598357505?s=21&t=5xpJeKF-FsakkYSPvLeaNg) + +Musk tweets, "Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!" + +[If you missed it.](https://reddit.com/r/stocks/comments/tvyoxd/elon_musk_takes_92_passive_stake_in_twitter/) Yesterday It was announced of Musk taking a large stake in Twitter. + +How does everyone feel about this? +10 Stocks to Buy Now (Growth) 2021 +Some are shorter-term some are longer-term. +Stops and pivots and targets are given on each. +https://youtu.be/ebiPvtU5V3E +[Original Post](https://www.reddit.com/r/AusFinance/comments/c34xkq/bankruptcy_does_the_home_need_to_be_sold/) + +We are not bankrupt yet. Last time I posted the ATO had rejected our offer towards paying the tax bill. Well it turns out the bill was a sham anyway thanks to our fraudulent bookkeeper whom I had replaced. I have been working with an accountant to be trained in how to manage bookkeeping software so that I could take over and be competent. + +Piece by piece, the work done by our previous bookkeeper was uncovered to be done completely wrong. Eventually we realised that they had IGNORED over a decade's worth of receipts and had only worked half assedly off of bank statements. + +This set in motion a huge undertaking to completely redo all the taxes from scratch. Hundreds of thousands of dollars worth of deductibles were added as well as contractors. It was really upsetting at some points looking at how fraudulent this bookkeeper was. + +As of a few weeks ago all amendments were submitted. We managed to cut his income tax by 80% on top of over half a mil of added cash receipts and thousands and thousands in contractors. I have done everything I can and it is all in the hands of our lawyer and the ATO now. + +We have started to voluntarily pay a set weekly amount that I totally think is fair. Some amendments have gone through, but Im sure they are picking through the years with the largest changes. We have sent proof of the original returns plus our new workings so they can confirm we have not doubled on anything. I welcome any audit because we did a beautiful job and I have everything required on paper if further investigation is required. + +My hope is that the amendments are completed and a new request for remission of the penalties and interest are granted via the new hardship application that was submitted shortly after the amendments. If that is approved, then the amount we are paying weekly will hopefully be accepted as the final payment plan. This will stop my FIL from having to even get a loan on his home and completely saves them from bankruptcy. Fingers crossed, I will be proud of the job I have done here forever, I am also pretty proficient in taxes now lol. +Hi. +In a related post where I mentioned Cleartax and free ITR2 filing, a person said they probably sell my data as its free. + +Nowadays a lot of good service is free. As I understand, they might be "selling data" to manage their business cost and earn a profit. But what all data can directly affect me as an individual? + +I keep separate email and phone for bank and credit cards. + +Other data available with multiple portals would be + +1. Date of birth +2. Address +3. Buying behavior +4. Relations +5. Phone and email +6. Pan and Aadhar too in some cases. + +and many more. + +As I see it, its already available now with so many portals. + +Questions + +1. My data is already available +2. How would people use it to harm me financially in a direct way as banks have many checks too. Otp is one where my phone is different and I use a password manager for strong password? +3. If people target me through customized ads, I am not so concerned. I am not into buying stuff unnecessarily anyways. + +Hope to know more about this data breach scare and how to protect myself as data is already available with many portals that I wouldn't even remember now. + + +Hi Mods. This is not a strict investment post. But thought this sub would be able to help as it can affect finance and avoid loss. + +Guide me please if I need to post this somewhere else. +As a sequel to "10 interesting and useful ETFs with less than $1b AUM", I'm back with 10 more ETFs that have less than $1b AUM but that I think are interesting and possibly useful and some comments on each. Too often only the biggest ETFs, or most popular, get people's attention. I think it's worth looking further to see what's out there. + +Starting with a Peter Lynch inspired strategy (Lynch popularized the price/earnings-to-growth ratio), + +1. SPGP: Invesco S&P 500 GARP ETF, [https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&ticker=SPGP](https://www.invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&ticker=SPGP) . "Growth at a Reasonable Price" (GARP). This ETF is an interesting combination factor screener. It only selects from S&P 500 stocks, and screens them first for 3-year earnings and sales growth, and second for financial leverage (debt), return on equity, and earnings yield (trailing-twelve-month or "TTM" net income / market cap). Holdings are weighted by growth score, not market cap. SPGP's historical performance is surprisingly good; it beat the S&P 500 since January 2020 and beats both the S&P and traditional CRSP growth/value factors YTD. It also outperforms the S&P on some longer timeframes. Index rebalanced semiannually (3rd Friday June/Dec), and it costs a moderate 0.34% ER. It's designed to hold 75 stocks. Check SPGP out when it rebalances later in the month! + +Moving on to Factor ETFs, + +2. FVAL: Fidelity Value Factor ETF, [https://screener.fidelity.com/ftgw/etf/snapshot/snapshot.jhtml?symbols=FVAL](https://screener.fidelity.com/ftgw/etf/snapshot/snapshot.jhtml?symbols=FVAL) . This ETF tracks and index that calculates scores for: free cash flow yield, EBITDA to enterprise value, book value to price, and forward earnings to price. The first two factors result in it having some tech giants such as FB, GOOGL, AMZN, and AAPL in the index. But not some others, such as TSLA, which scores very poorly on... well, every factor. Banks are just scored on book to price and forward earnings to price, as their business model is not comparable to most other stocks. FVAL provides an interesting way to get exposure to possibly-not-overpriced intellectual property-heavy companies, as well as traditional value stocks. Currently holds about 130 stocks. + +3. FIVA: Fidelity International Value Factor ETF, [https://screener.fidelity.com/ftgw/etf/goto/snapshot/snapshot.jhtml?symbols=FIVA](https://screener.fidelity.com/ftgw/etf/goto/snapshot/snapshot.jhtml?symbols=FIVA) . The international (mostly developed markets) counterpart to FVAL, this ETF fills a great niche since forward-looking international value ETFs are few and far between. Most value ETFs are heavy on book value, and rely on backward looking metrics or ignore free cash flow. FIVA (and FVAL) take a different approach. Currently holds about 120 stocks. FIVA is perhaps the single most overlooked ETF in this entire list -- it provides a unique type of international exposure, and at only 0.39% ER. International factor funds often have slightly higher ERs than total market funds, but may provide much greater total return given desirable macro-economic conditions. For example, since the first vaccine was proven effective (which kicked off the value rally), FIVA has outperformed VEA by about 6 percent. + +4. JVAL: JPMorgan U.S. Value Factor ETF, [https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-us-value-factor-etf-46641q753](https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-us-value-factor-etf-46641q753) . JVAL's index is also a value screen. It scores via four metrics: earnings yield, book to price, free cash flow yield, and TTM dividend yield. Pretty well-rounded in that it includes earnings, book, and yield measures. It does not include forward earnings metrics. Due to the cash flow and earnings metrics, it ends up including some big tech companies like FB, GOOGL, and MSFT. While it includes a dividend metric, the JVAL ETF has a lower 30-day SEC yield than VTV or dividend-focused ETFs such as SCHD, so I would not consider it as a dividend fund. Holds about 350 stocks. + +5. FQAL: Fidelity Quality Factor ETF, [https://screener.fidelity.com/ftgw/etf/goto/snapshot/snapshot.jhtml?symbols=fqal](https://screener.fidelity.com/ftgw/etf/goto/snapshot/snapshot.jhtml?symbols=fqal) . Quality ETFs depart from value ETFs in that they're less concerned about price/earnings metrics. Fidelity's offering in the space weights stocks on free cash flow margin, return on invested capital (one of Charlie Munger's favorite metrics), and free cash flow stability. For banks, it looks at return on equity and debt to assets. This ends up having a lot of overlap with the S&P 500, but it ends up filtering out companies like TSLA and as per its goal, only has about 130 companies overall. Like FVAL, this costs 0.29% ER. Fairly common for US factor funds. + +6. JQUA: JPMorgan U.S. Quality Factor ETF, [https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-us-quality-factor-etf-46641q761](https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-us-quality-factor-etf-46641q761) . JPMorgan handles "quality" a bit differently. They have 10, yes ten, different metrics that go into measuring quality. They're grouped into categories for "profitability", "solvency and financial risk", and "earnings quality". Loosely stated, they're looking for companies making reliable cold hard cash hand over fist that are not too indebted. Like the Fidelity offering, it ends up looking a lot like the S&P 500 but with slightly different weights. GOOGL currently sits at the top of its holdings. + +Let us not forget commodities, + +7. COM: Direxion Auspice Broad Commodity Strategy ETF, [https://www.direxion.com/product/auspice-broad-commodity-strategy-etf](https://www.direxion.com/product/auspice-broad-commodity-strategy-etf) . A fascinating ETF, it covers 12 different commodity futures in categories for metals, agriculture, and energy. Different from most other commodity ETFs, it's almost like a commodity trend advisor (CTA) fund because it can take both long and "flat" (neutral/no) position in each commodity. This helped COM wonderfully during the commodity crash in 2Q20 because they were able to go flat and preserve value, avoiding the oil crash. If inflation comes back big time, commodities will benefit. And if a commodity bubble bursts, this fund may be able to avoid some of the downside. No K-1 form. Might be my go-to outside of GUNR (equity ETF) for commodity exposure. + +8. CMDY: iShares Bloomberg Roll Select Commodity Strategy ETF, [https://www.ishares.com/us/products/292741/ishares-bloomberg-roll-select-commodity-strategy-etf-fund](https://www.ishares.com/us/products/292741/ishares-bloomberg-roll-select-commodity-strategy-etf-fund) . A somewhat newer offering from Blackrock, this broad commodity fund systematically positions itself to best handle carry cost in the futures curve (and thus adjusts for contango / backwardation curves). It has generally outperformed other popular long-only commodity funds, and avoid being overweight on oil/energy futures. + +Seeking dividends? + +9. SCHY: Schwab International Dividend Equity ETF, [https://www.schwabassetmanagement.com/products/schy](https://www.schwabassetmanagement.com/products/schy) . A new offering from Schwab, it's the international counterpart to SCHD. Its index filters for companies that have made 10 consecutive years of dividend payments, and ranks them by cash flow to total debt, return on equity, dividend yield, and 5-year dividend growth rate. After a volatility screen, the results are weighted by a capped market capitalization approach. A wonderful mirror to SCHD for those seeking reliable income, but who also want to diversify outside of US markets. I predict its AUM will go up by 10x in less than 2 years. Also quite inexpensive at 0.14% ER -- Schwab is likely subsidizing this, in order to help it grow. + +Finally, like it or not, blockchain is here to stay, + +10. BLOK: Amplify Transformational Data Sharing ETF, [https://amplifyetfs.com/blok.html](https://amplifyetfs.com/blok.html) . The AUM of this ETF is right around the $1b mark, but I'm including it anyway. It seems to be the best-of-breed actively managed ETF for exposure to stocks benefiting from bitcoin mania and blockchain tech. Clearly, it's volatile. And it's not a pure bitcoin/ethereum play -- some small amounts of Samsung, IBM, and so on sneak in due to them having a connection to the space. But it does hit all the big names, including recently listed Coinbase ($COIN). If you can't be bothered to follow or deal with crypto in general but want something that will remain correlated to it, this is the ETF. Pricey at 0.71% ER, but, it's actively managed and still has a lower ER than ARK's funds. + +Disclaimers: this is not financial advice. I currently have a position in FVAL, but no position in any of the other ETFs at time of posting. That may change at any point in the future. I am not predicting future performance for any of these funds. Do your own due diligence (and please post in reply with what you find!). + +What do you guys think? Any of those look like something you might invest in? Anyone else want to comment on a personal favorite small/medium sized fund? +Had minor outpatient surgery on Wednesday, drove myself home. +Started bleeding inside. A lot. Ended up in the hospital for emergency surgery. + +I will recover, but it will be weeks. I have a stent in to let all the blood out. + +I have good insurance, but so what if it costs me 20K? 50K? + +I'm not worried about it. + +What if I can't work for a month or two and stop getting paid? + +I'm not worried about it. + +What if I lose my job because I can't return to work this year? + +I'm not worried about it. + +This is the privilege of being FI. + +It shouldn't be that way. You shouldn't need a net worth of a million bucks to get the medical attention you need. I am so thankful for this privilege that many people or even most people do not have, but I am sorry this privilege is necessary just to be well. +UPDATE: First - I love you all. Second - many of you were right. After mom called today she reconfirmed the original $2K/month amount from her earlier benefit matrix. They indeed sent a letter based on her eligibility from my father's SSA and completely forgot to include any of HER earnings in their calculation (well, at least that's all the letter referenced). The first person she got today insisted the $1K/month was right and said she's just have to contact someone else. When she called back a supervisor answered and actually apologized before she even spoke citing all the new people who aren't fully trained yet. He said he knew the system was flawed (in that it wouldn't generate the correct benefits letter until June) but that a updated one was on it's way for the quoted amount. + +I see posts here at all ends of the financial spectrum but one common thread is how money is tied to self worth. Specifically the guilt and shame from those who "aren't where they're supposed to be". My mom was barely making the minimums on her CC payments a decade ago and thought she would never retire so the whole thing has been emotional for her. Your input helped me cite logic and reason, and we're both grateful. ❤️ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +So after a week of lovely send offs my mom was finally feeling good about her decision to retire. She had done her math and made multiple calls to all agencies involved and kept diligent notes. As an almost 70 year old woman she thought the quote provided by the SSA (multiple times) was something to count on. After coming in late last night from a family surprise party she opened her mail to SSA Retirements, Survivors, Disability "Important Information" sheet citing $1016.10/month. Multiple calls and emails to SSA had always quoted her $2092.10 (she had numbers to account for taxes, medicare, etc already included). + +Ya'll - she is panicked. I've been trying to assure her that a big difference like this means it's more likely a mistake (like some form they never processed) than her new reality. She's been in social work for the State of Iowa doing mandatory overtime (60+ hr weeks) since Covid hit. She was struggling to feel worthy and this form has brought up all her insecurities and fears about her continued independence. I know that we won't get any actual answers until Tuesday morning when she can make some calls, but is there anyone who has any guidance or familiarity with this process? I just don't want her crying all weekend :( + +&#x200B; + +Edit: welp this is my first post I've had trouble keeping up with but I wanted to thank everyone who's provided information or just good vibes. I'll update this after Tuesday but so far I've learned a LOT. For reference: she did log in to [SSA.gov](https://SSA.gov) but after receiving spousal benefits it stopped being able to estimate her earnings (b/c to them, she was already earning). It also provided information closer to what she was quoted dependent on the exact age of retirement. Also, I think we've established the Windfall Elimination Provision, while tricky for those in certain government jobs, does not apply to her situation as IPERS is covered and she has paid into SS her whole career. If I didn't reply to your comment please know I owe all of you a cold beverage and appreciate your info! +My mums a diehard qanon nutter, i love her to death but shes just crazy. + +Anyway my brother tells me shes making money using "the goldsilver ratio" and apparently has made like %33 gains from like 4 months of doing this after sinking 10k in so i got him to send me a link. + +Every single one of my scam senses is tingling with this shit, theres a seedy get-rich-quick feel to it. YT has been up for a year and has not 2k subs but like 200 videos. Very badly edited vids. Ect + +Im not sure how these guys get your money or even if they do but i can feel somethings not right.i think it might be the app but idk and im worried my mums getting scammed. Was hoping yall could have a look and put your collective hivemind to good use + +TLDR; i think this site is a scam, please tell me why + +https://youtu.be/7vACoy0tzB4 <-- YT +https://www.goldbusters.co.uk/ <- website + +Edit:Update +So i have another driblet of info from my brother (my brother and mother live in a different state to me so im quizzing my brother for info) apparently she is using a trading platform called Auvesta, it honestly seems more legit then the goldbusters, what do you guys think? https://www.auvesta.com/gold.php +Hello wonderful pf community. This is in partial response to yesterday's top post entitled "Buying a house 'responsibly' impossible for many?". While this was a great post, I'd like to point out that renting isn't half bad for what you get. A rent payment doesn't *just* cover the roof over your head. You also get: + +- Included appliances, such as stove, dishwasher, fridge, laundry units, etc. This could cost thousands of dollars out of your pocket when you own. To not only buy the equipment up front, but also repair them. + +- Lawn care. You either have to buy your own mower upfront and be out in the hot sun for two hours every Saturday, or pay a lawn guy. + +- Amenities. If your rental has a pool, gym, etc. you might pay a slight premium in rent for all of these, but the value is still there. Gym memberships are *costly* these days. Pool ownership and maintenance is a *hassle* (any current owners know this is true). + +- Above all else, flexibility to move at basically anytime, so long as you have the cash on hand to buy out of your lease. With a house you have to factor in: possibly being underwater if you don't have enough equity, the extreme length of the sales process (even in a good market it could take up to a year!), and in a worst case scenario not even being able to sell it. I'm sure everyone already saw the "leave your current job every 5 years or so to get a significant raise" post. What if the next great opportunity is across the country? Ya never know. + +All this is *not* to say that renting beats homeownership. Certainly the huge advantage of having no mortgage payment at the end of your 30 years (or however long) is great. But you have to do it right to make it work. Just hoping to change the minds of some "rent averse" people! + +Edit 1: Also property taxes! + +Edit 2: It's been pointed out that if you rent a *house* rather than an apartment that some of these perks wouldn't be included. But you also get more square footage and more freedom (not having to worry about pet regulations, not having neighbors literally on top of you, etc.) +[https://www.marketwatch.com/story/youre-saving-a-penny-to-lose-a-nickel-why-robinhoods-65m-fine-is-a-cautionary-tale-for-retail-investors-2020-12-17](https://www.marketwatch.com/story/youre-saving-a-penny-to-lose-a-nickel-why-robinhoods-65m-fine-is-a-cautionary-tale-for-retail-investors-2020-12-17) + +Is this applicable in Indian context too? Though I don't trade much, over the last few years, I have been leaning towards zerodha. + +Is it even possible to compare the trade prices between two brokers to says that one is favourably inclined than other? + Before anyone goes nuclear I will say that ETH is too damn expensive. But are the alternatives really so much better? + +Recent news about Cardano congestion shooting up around 90% and more, Polygon being borderline unresponsive during Sunflower popularity/incident, and AVAX fees getting sky high while network suffered congestion a few months ago. + +If these networks had the Ethereum levels of activitynon them, they wouldnt hold for long. Cardano has a handful of dapps and its already clogged? Same with Polygon. 1 dapp putting whole network on stop is really not what people would expect of the so called "next gen eth competitors." + +While I 100% agree that gas fees on Ethereum are absurd, I wonder if the alternatives that we have at the moment in top10 are going to solve that. All claim insane TPS and finality times, but when the shit gets real, the fees and network congestion go up to the sky. +I have been running numbers in excel and also on a few online cost of living difference calculators, but I want something more concrete in terms of calculating value differences in the incomes. I know that housing is going to be the biggest increase in expenses, and the sticker shock of the apartments I am shopping for is indeed hitting me. + +I want to make sure that this is actually a raise after accounting for the cost of living differences before I accept or decline the offer... Any suggestions? + +Edit: **The job is in the south bay but I would be open to live anywhere within a decent commutable distance. I currently am living in Texas. It's a fortune 100 company, so I am also going to inquire about potentially receiving a living stipend or possibly commute help.** + +Edit 2: I have done some deliberating with my SO as well as my new boss. I was able to get a smaller pay bump and remain in Dallas for 3-5 months to save up a bit more capital and pay off a few of my higher interest debts, after which I will make the jump to the valley and move up to the originally offered salary. Thanks for the input from everyone, it was fantastic to have so much perspective on what to do. I think in the long run the opportunity to be in the heart of the tech world and put higher matched contributions into my 401k will be a better move. +**\*\*\*\*\*\*\*\*\*\* I am not a financial advisor, this is not financial advice \*\*\*\*\*\*\*\*\*\*** + +[Not calling computer apes sheep, just an analogy. ](https://preview.redd.it/wa1wfk14ly271.jpg?width=500&format=pjpg&auto=webp&s=7038463e40b13d86e37ee7267f632bd2adf35ab7) + +# Intro + +bahhhhhhhhhhhhh bahhhhhhhhhhhh bahhhhhhhhhhhhhhhhhh. Woah apes, did you hear that? Oh no.... it's..... it's our greatest weapon.... the computer apes..... the geniuses.... THEY'RE HERE....... + +Alright apes, this is gonna be a strange post. So as many of you know, I recently sent out a request for coders/big brain apes for a DD that I plan to make. I am not joking when I say that I have received well over 350 messages (a testament to how many extremely intelligent apes that are in this sub). + +https://preview.redd.it/b6ogf7huly271.jpg?width=650&format=pjpg&auto=webp&s=71b671b580ff9b1ff6ce1208d266d27c9f192352 + +When I posted that request, I thought that I'd get MAYBE 50 responses and would filter them out to about 20 people. NOPE. You apes defied expectations yet again. With over 350 messages in my inbox, I prepared a detailed request for what I wanted to computer apes to calculate. That was the easy part. The difficult part was how I would get my data request out. At first, I sent it individually (about 50 apes have a copy of this already), but that took too long and I knew I wouldn't be able to respond to all apes. Then I thought about making a discord or a group chat, but again, thought that would be too unorganized. So, I decided to go with ole reliable: a post to my favorite sub. I think that the benefit of this is that apes will be able to comment on this post their data so that it is publicly available for all apes to see; however if you would like to keep your data/post private, feel free to message me. Along those lines, PLEASE only message me if it is absolutely crucial question or if it is your data/model/whatever. I am at the point where I have far too many messages to respond to, so please keep that in mind. + +Alright, so, yes, I will still be making a DD (topic on that will be discussed below), however, I hope that the comments of this post can be used as a hub of publicly available information for apes to share - again, if you'd like to keep yours private or only feel comfortable sharing it with me, please message me. + +# What I hope the DD will be + +Many of you probably noticed in my last post that I said we need to stop all of this AMC conspiracy stuff. I still believe that and could make an entire post about why we need to stop doing that and why it's wrong - that's not what this DD will be about. Instead, I hope to make this DD about the fact that every meme stock (GME, AMC, KOSS, NAKD, BBBY, NOK, etc.) have all been trading in extremely similar patterns since December and are now ALL SQUEEZING AGAIN. Short squeezes are rare, really rare. Stocks following almost identical trading patterns is weird, really weird. But both of those things happening to 5 different stocks? Now that's fucking asinine. I am also fairly confident that many if not all of the aforementioned stocks follow an FTD cycle as well. Finally, isn't it weird that all of these stocks got restricted at the exact same time by every single brokerage and they all claimed it was because of liquidity issues. The funny thing about liquidity is that it works on both the buy and the sell side, so if they really had liquidity issues, they would've just halted buying AND selling. That screams "systematic risk / something more than meets the eye" to me. + +IMO, if we can get data that confirms that these stocks are in fact correlated to a statistically significant extent, all have FTD cycles, all have extremely high short interest that has fluctuated in concert, and all have similar volume patterns, then we can get the closest proof that shorts have not covered other than literally seeing their accounts. The point of this DD would be that if we can prove to a statistically significant extent that all of these anomalies are correlated, then we can prove that it is not the media narrative of retail buying and is instead shorts being forced to cover. IMO retail mass buying has been tapped out since March. Now I think that retail only buys a little and still holds it's fucking balls off. Retail holding is why this is able to happen. However, IMO, HF forced covering is why the price keeps going up. + +Now, you may be thinking "ok if what he's saying pans out to be true then it could divide apes and take attention away from GME." First of all, IMO, the truth is what's most important here. Second, and most important, GME presents the greatest opportunity out of all of these stocks, has BY FAR the most retail support (in terms of holding), and has by far the most retail media attention (i.e. reddit). I don't believe that this will take away from GME whatsoever. HFs put us in this situation with lies and if we can get closer to the truth, we can get closer to unearthing their lies and ultimately winning the battle. Below is a slightly altered version of what I sent to some apes in my messages. Please note that if you sent me a message saying you're a data scientist and want to help, though I appreciate you, I will be declining all of those messages to clear my inbox for messages from this post (remember what I said above about only messaging me very important things). + +# The data request: + +&#x200B; + +\*\* This is not financial advice nor a paid solicitation\*\* + +&#x200B; + +My goal for this DD is to obtain data that will be the closest thing other than seeing actual HF positions to allow us to conclude that shorts have indeed not covered. I will be using the data that I get from this assignment as well as my own data and charts. If you follow my DDs, you’ll notice that over the past few DDs I’ve really hammered the point about GME, AMC, KOSS, BBBY, NOK, and EXPR being a part of the biggest failing of HF shorting of all time due to abusive shorting that started during covid but was hampered by a faster than expected recovery. IMO, the visual similarities of the graphs of these stocks are too striking to ignore. I also believe that AMCs recent run up is not a distraction like many people think it is, instead I think it’s a symptom of something much greater. This is why I believe that all of these stocks are related and that getting concrete data on this correlation might help us to reveal something about an even bigger FTD cycle that HFs are stuck in (IMO this is probably why all of these stocks were unprecedentedly restricted). + +So, a lot of this document will have tasks that ask you to compare those stocks in some way. Please note, that this document does not portray the complete picture of what my next DD will contain as I have more points and data that I will be including. Again, it will be difficult for me to answer questions, so if you have any questions, I invite you to answer them yourselves by adding your own assumption or personal touches. Thank you apes. + +Note: For chart view please use a 1 day chart unless I ask for a specific time of day (then use 1 min or 5 min). If, however, you think that using a smaller view would be beneficial, go ahead! The time frame can be as long as makes sense to you - again I will be getting tons of these so I am all for variation! + +I hope to complete this DD by Sunday so I can post on Monday before earnings and the meeting. If you could try to get this to me ASAP I’d be very grateful. + +**QUESTION:** Is there a statistically significant correlation between the price action GME, AMC, KOSS, NAKD, BBBY, NOK, and VIX? + +**EXPLANATION:** I’d like you to run a comparison of each of these stocks to GME and then, if possible, compare them all simultaneously. From your comparison, please try to determine the degree of correlation and its statistical significance. The data that I suggest using is from Yahoo finance. If you go on the historical data tab of the stock, there will be a link to download the price and volume data into an excel file. Finally, if you have time and if you are able, do the same thing but with the volumes. + +**QUESTION:** Is there a statistically significant correlation between the OTC trading data of GME, AMC, KOSS, NAKD, BBBY, and NOK? + +**EXPLANATION:** I’d like you to use FINRA data (I think some is on fintel as well) of the aforementioned stocks and try tell me if there is a statistically significant correlation between the trading patterns, volume, and price action of these stocks on the OTC markets. + +**ALTERNATIVE ASSIGNMENT:** If what I said above confuses you, then I invite you to simply take the OTC data available on the listed sites for the aforementioned stocks and make me some graphs and tables so that I can visualize it. + +**QUESTION:** When did the short interest for GME, AMC, KOSS, NAKD, BBBY, and NOK start to increase significantly? + +**EXPLANATION:** I’d like you to try to find out when exactly the SI for all of these stocks started to increase. Did they all increase around the same time? Who had the biggest increase? Etc. To find this information, you can use FINRA data or, if you have an Ortex or Fintel subscription, you might be able to find it from those. If you could also give me a graph of the short interest of these stocks over time that would be great. + +**QUESTION:** How often do major short squeezes happen? + +**EXPLANATION**: I’d like you to try and find out how often major short squeezes happen in the stock market. My definition of a major short squeeze is when a stock doubles in price (or more) within one week (so TSLA would not be a short squeeze by that definition). I don’t need you to tell me each specific case, I just need to know how often they happen on average. + +**QUESTION:** Is the FTD cycle statistically significant? + +**EXPLANATION:** You’ve probably seen my posts on the FTD cycle where GME markedly increases every 21 trading days or 35 calendar days (with a margin of error of about two days). I’d like you to run a test to see if these increases are statistically significant. For reference on when this starts, see my most recent FTD cycle post. For the stock’s data, go to Yahoo Finance and under historical data, you will be able to download the price and volume into an excel doc. + +**EXTRA:** Do the same for KOSS, BBBY, AMC, NOK, EXPR + +**EXTRA EXTRA:** Create an FTD cycle model for GME (other stocks don’t matter for this) that predicts future FTD cycles based on the rate of change of the FTD cycles we’ve already seen. Essentially, just make a model predicting the FTD cycle prices and show me the equation you used, if any. + +QUESTION: Is retail really behind the recent GME push? + +EXPLANATION: Robinhood only offers premarket trading from 9-9:30. Assuming that Robinhood is mostly retail, is there a statistically significant pattern of GME price increases between 9-9:30am? (This would be when retail overnight buy orders are executed) + +**\*\* MODELING: Most difficult assignment (I do not expect anyone to be able to do this, but I thought I’d put it out there):** + +Remember when it was pretty well known that GME had 140% SI right before the squeeze? Well, us apes know it was definitely higher, but you remember. Remember when Robinhood and every other broker cucked us by restricting buying? Well, what if they didn’t? I’d like you to construct a model that predicts how high GME’s price could have gone without the restrictions. Because I have sent this to so many people, I expect these models to be extremely different, so you will undoubtedly have to make some of your own assumptions, and that’s a good thing! For example, you might assume that the SI was actually 400%, that volume would have continued to increase, and that apes would’ve continued to hold. Contrastingly, you might assume that SI was indeed 140%, that volume would have been higher some days and lower others, and that paperhands would have won the day. Either way, I want to see what your model says about GME’s price without the brokerage restrictions. If SOMEHOW, you complete that model, first, you’re fucking brilliant. Second, and only if you feel like it, please do the same for AMC, KOSS, NOK, BBBY, EXPR + +**FINAL ASSIGNMENT:** + +If I decide to use any of what you provide me for my DD, would you like me to give you credit or would you like to remain anonymous? + +&#x200B; + +# Conclusion + +That was the list of questions that I sent to other people. The point of it is to essentially prove that all of these stocks are interconnected and all go back to one big fucking blunder on the part of the HFs that they are now trying to fix (in vein I might add). + +Again, if you would like to add your own creative touches or even make a completely different data model, be my fucking guest. If you want to share your data as public information in this sub or on this post as a comment feel completely free. If you would rather remain anonymous and just send it to me, feel free as well. I will still be making a DD with the data from this and, because I think a lot of this will now be public, I think that many other apes will as well. Please remember what I said about only messaging me things relating to this data post or CRUCIAL questions. As always, + +Stay strong, apes. + +&#x200B; + +**\*\*\*\*\*\*\*\*\*\* I am not a financial advisor, this is not financial advice \*\*\*\*\*\*\*\*\*\*** +I have always dreamed about being a wall street trader when I was a young teen and now that I’m legally old enough I finally decided to jump in. I invested 750 dollars into my webull account 8 days ago and it is currently sitting at $897.92. The thing is I feel like I’ve gotten incredibly lucky my first week from just reading webull comments and Reddit posts and don’t actually know what I’m doing. + +My current positions are: +ALLK +2.83% +CVS +1.23% +BRTX -24.45% +CNTX -17.26% +AMC +0.49% +INTC +2.40% + +And SOPA which I made over 100 dollars on by buying in at 9 dollars and selling at like 17.50 on 18 shares, I let it drop into the 16.00 dollar range and bought right back in for 13 shares which is: + +SOPA -6.73% + +So my question is, how do I learn how to do this? I feel like I just got lucky being up 150 dollars after this last week. Because I don’t know what I’m doing and I need someone to teach me or some resources to learn. I’m very passionate about this and don’t want to be an “ape” I want to do this for a job. I am begging for advice. +Interested to hear a breakdown - ideally including those outside of just financial… I.e include family, health, spiritual etc too if you’re happy to share 😊 + +EDIT: M, 34yrs w/ wife and 3 kids, 10M NW. Live in New Zealand. I FATFire’d 2 months ago and thinking through what life will now look going forward! +I'm relatively new to Reddit and no crypto expert. I'm an amateur computer scientist, economist, and investor; I'm a professional risk manager; and I'm all in on Ethereum [EDIT: my only crypto is ETH and I'm very optimistic, but I also hold boring index funds]. Take my opinions with a grain of salt. + + +**TLDR;** Cryptocurrencies are great. I have miscellaneous thoughts I want to write down and get your feedback. + + +**The idea of value intrinsic to an information system is bigger than most people realize.** + +There are many books (one of my favorites is William Bernstein's *The Birth of Plenty*) that try to identify the factors that drive economic and societal growth. One of the most important growth factors is how quickly we can scale resources. Land can't be scaled at all, and economic growth was very slow when land was the key constraint. The world has transitioned from an economy based on land to labor to capital to information, each time utilizing a quicker and more scalable resource. + + +For information based systems, the main constraint is the need to interact with slower resource types. If I could misappropriate cryptocurrency terminology, think of information systems being hampered by the number and types of oracles they need. You can gain a lot from improving these oracles (think of wearables replacing manual entry of health data), but the real revolutions come where we can remove these references to outside systems altogether. Virtually everything involves money, and money is one of the slowest, bureaucratic, and nationally constrained concepts. The real power of cryptocurrencies is that they can store value **within** an information system, without the need for outside reference. I think this is what makes the concept so interesting. Benefits often cited like reduced government manipulation or ease of cross border transactions are secondary or can only exist because of this main property. + + +When blockchain technologies mature, I think this will lead to possibilities we can't even imagine now. One day my A.I. may negotiate with and receive binding quotes from other A.I.'s around the world for some service I need, without having to reference anything outside the digital world. Think about how amazing it is that we can actually create scarcity in a digital world where everything can be copied for free. That's truly revolutionary. + + +On a side note, being intrinsic to the system is also why I think proof-of-stake will be more secure in the long run than proof-of-work. PoW relies on assumptions outside the system - that hashpower will be proportional to energy usage. If we're thinking decades, at some point a government or company could come up with a novel way to significantly speed up hashpower (an ASIC using carbon nanotubes or whatever) and quietly build resources to take down the system. PoS bootstraps its own value within the system, so as long as the network is big enough it should be safer for longer. + + +**We should stop comparing cryptocurrencies to equities** + +Both on Reddit and in the news I see comparisons of market caps for cryptocurrencies with market caps for companies like Apple, implying present value of fees determines value. Transaction costs and mining/staking fees are a necessary evil but are not where the value of cryptocurrencies come from. If we could create an economically stable decentralized currency without any fees it would certainly be more valuable than the same currency with fees. + + +**Ethereum is positioned to be the dominant cryptocurrency** + +I hope that the end state for cryptocurrencies will include multiple competing solutions with competition and innovation, but at least for now I think Ethereum is best positioned to be the dominant platform. I like how in many ways Ethereum taking the opposite approach of Bitcoin in terms of being open, ambitious, and flexible while Bitcoin is focused, narrow, and stable (in terms of protocol, not price). If Ethereum's ICO model fails, it might still be successful as collateral for financial transactions, or may become dominant in micropayments in the internet of things. Ethereum is flexible enough to adapt to the unknown risks it will face as it matures. I'm not worried about regulation because not all countries will be so short sighted to shut it down, and the countries that don't will prosper from it. I'm not worried so much about the ICO bubble or other specific issues because not all use cases will fail. The road will be bumpy and there will be multiple >50% price crashes, scams, hacks, and crises, but I think ETH has the people, momentum, and flexibility to ultimately deal with these challenges. + + +**Banks aren't going anywhere** + +Being able to be your own bank is like saying you can keep cash in a safe in your house. For many technically inclined people on this sub it's definitely better to get a hardware or paper wallet and truly own your crypto. For 98% of the public, they will be better off keeping their account with some trusted company with a password they can reset, two factor authentication, and consumer protections. I don't think that in any way changes the vision for what crypto can do. + + +**Speculators sometimes get lucky** + +Right now the value of crypto is ridiculously volatile compared to fiat because there are so few use cases and value is determined based on expected uses many years from now. It seems unfair that a group of speculators (us) can get lucky and make crazy returns without contributing much to society, but life isn't fair and there's precedence for this. During the industrial revolution many destitute populations in the middle east because insanely rich just because they happened to possess oil reserves. As smart as we think we are, most of us who have been in more than a month or two are lucky and should have the humility to recognize that. + + +Theoretically, if all the moontalk comes to pass and ETH is worth $30,000 each and you can purchase any digital good with it, it will be as stable as fiat. For a new ETH user they shouldn't care if ETH is $300 or $30,000 as long as the fiat to crypto conversion rate makes sense. In this scenario a group of speculators makes millions but late adopters don't appear to be hurt, and that can only be because fiat is devalued. Just for this risk I think most serious investors should hold a very small investment in crypto to hedge their exposure to fiat. + + +**The possibility space is wider than people assume** + +People greatly overestimate their ability to predict the future. With a new concept like crypto, I think the range of possibilities in the near and far term are much wider than people realize. By the end of the year ETH could crash to $1 because of some unforeseen flaw, or it could hit $10,000 as part of a truly global bubble with Elon Musk saying ETH will be the only currency accepted on Mars. + + +Here's a thought experiment for the absolute maximum you should invest in crypto. You're allowed to wager money on a coin flip. If it's heads you'll be paid out 10x your investment and if it's tails you'll lose it all. How much would you wager? Regardless of how much of an optimistic moon kid you are, don't invest more than this. + + +If you read this far, thanks. I wrote more than I expected, but this is a great community in the early stages of what could be world changing tech at an exciting time to be alive. +It's not about the price. I don't care about the price. I'm holding till the back ass of the MOASS, but guys and gals, I'm tired. + +I know we've all been holding for months now, and what happened tonight wasn't anything new, but to see the same desperate moves over and over again, and like clockwork, the shill media emerge from their swamp with another round of lies and paid propaganda... + +I'll admit, tonight it hit me hard. + +***I don't want to live in a world where this bullshit is allowed to continue.*** + +How many more companies must we sacrifice to these lying, cheating bastards? Tens of thousands of good companies subjected to thirty or forty years of this ***bullshit***. + +***Not one of those companies*** had an incredible band of apes save their ass and take them to the moon. + +***Nobody*** came for those countless, nameless, hopeful entrepreneurs who took a chance on themselves and their idea, founded their company against all odds, only to get callously shorted into the dirt on some fucking billionaire's whim. + +Their entrepreneurial spirit ***crushed***. Their families and friends who believed and invested in them, ***stomped out***. Collective dreams, ***shattered***. Future prospects for a better world that you and I could have lived in, ***denied***. + +Just so a cabal of obscenely rich elites could add another couple million to their vast hoard of unearned wealth. + +It's deeply fucked up and abhorrent. + +I want to see these people go to jail for the rest of their lives for what they've done. For what they continue to do unashamedly, even with the eyes of the world now on them, and the law biting at their heels. + +Yet they continue their blatant criminal operation - ***because they know they're untouchable.*** + +**That has to change.** + +Dearest apes I implore you. After the MOASS, lets never let up on these fuckers. + +When we look down from the moon with all the dirty money we've taken from them, lets remember to finish the fucking job and wipe these greedy fucks off the face of the earth. + +***If we can pool our money to clean oceans, we can damn sure build a giant money cannon and aim it at this entire fucking corrupt system.*** +Finally have something giving me decent results... a few hundred box here and there. Also was able to reign in some decent risk management for the last few weeks. It's ALIVE!!! + +That aside this is the typical timeframe one looks at and I am a CS MSc holder with math and about 25 years of work experience and maybe 20 interested in deep learning algos: + +1. Started my first algos in the 1990s +2. Worked for a stockbroker for a few years +3. Endlessly learning new things i.e physics/engineering etc... and a lot of academic papers reading as well as books on the most esoteric AI strategies. +4. Took the SIE etc... +5. Still lost money no matter what math or strategy I tried for intraday. +6. Finally realized after 2 decades what I am really up against. Like the stuff no one teaches you anywhere and what really happens intraday with countless infighting of algos and large institutions and their HFTs. +7. Made 80% of the breakthroughs and improvements in the last 2 years. This may include novel discoveries as I don't see them mentioned anywhere. In the process could apply what I discovered to other fields, like physics. +8. Testing and squeezing the $$$ intraday took a good 100+ hrs of work per week for sustained months on end. + +This is what it takes to build a system... that doesn't lose you money. And maybe if you're really really lucky, make you some. + +There is no quick rich scheme or solution. You will be out there against systems created by large investment firms and hedge funds. +Finally have something giving me decent results... a few hundred box here and there. Also was able to reign in some decent risk management for the last few weeks. It's ALIVE!!! + +That aside this is the typical timeframe one looks at and I am a CS MSc holder with math and about 25 years of work experience and maybe 20 interested in deep learning algos: + +1. Started my first algos in the 1990s +2. Worked for a stockbroker for a few years +3. Endlessly learning new things i.e physics/engineering etc... and a lot of academic papers reading as well as books on the most esoteric AI strategies. +4. Took the SIE etc... +5. Still lost money no matter what math or strategy I tried for intraday. +6. Finally realized after 2 decades what I am really up against. Like the stuff no one teaches you anywhere and what really happens intraday with countless infighting of algos and large institutions and their HFTs. +7. Made 80% of the breakthroughs and improvements in the last 2 years. This may include novel discoveries as I don't see them mentioned anywhere. In the process could apply what I discovered to other fields, like physics. +8. Testing and squeezing the $$$ intraday took a good 100+ hrs of work per week for sustained months on end. + +This is what it takes to build a system... that doesn't lose you money. And maybe if you're really really lucky, make you some. + +There is no quick rich scheme or solution. You will be out there against systems created by large investment firms and hedge funds. +https://www.cnbc.com/2019/04/08/netflix-isnt-killing-theaters-people-who-steam-more-see-movies-more.html + +Streaming services are not disrupting movie theaters. + +At CinemaCon in Las Vegas last week, movie distributors and theater owners alike say there is little to fear from a growing population of streaming services. + +The U.S. box office is expected to grow about 1 percent to a record-breaking $12 billion this year. +While I trust our developers to write the code which powers Ethereum and the many dapps on top of it, I feel that many are so focused on the day-to-day of the *technology* they develop that they myopically view blockchains as "just" distributed *software programs*, where better functionality can easily challenge entrenched competitors overnight. Many continue to voice fears of competitors displacing Ethereum- perhaps as a call to action, or perhaps because they are legitimately worried. + +**What they may miss is that blockchains represent powerful economic and social communities as well. There are (at least) many hundreds of thousands of people who hold Ethereum, and even more who hold Bitcoin. [Lindy effect](https://en.wikipedia.org/wiki/Lindy_effect) and entrenched [network effect](https://en.wikipedia.org/wiki/Network_effect) are exceptionally powerful for the adoption and survival of blockchain networks.** + +So let's take a look at Bitcoin, which is still the "#1" blockchain by many metrics, including market cap. Here you have a protocol which has basically stopped meaningful L1 innovation. Before I get the Maxis in an uproar: I'm not saying it won't evolve at all, but its L1 scope has been significantly narrowed towards use cases which support the "digital gold" value proposition. Its roadmap has eschewed further advancement in many areas, and is very murky on others (like privacy). And in the face of Ethereum and other networks, it has still persisted as #1 (for now). I don't believe that lead is unassailable though, as they've effectively "thrown in the towel" on many L1 use cases, and I believe the market will reject many L2 / sidechain solutions on Bitcoin- especially when they can get better functionality and security on Ethereum. + +Now let's take a look at Ethereum, which already allows for many valuable use cases today via L1 and many emerging L2 solutions, and has a roadmap to achieving dramatically enhanced functionality with Eth 1.x and Eth 2.0. That functionality is expected to be very competitive with that expected from many of the upcoming Ethereum competitors. These include chains like Dfinity, Polkadot, Cosmos, Filecoin, Telegram, Hashgraph, and others. + +**Here's the paradoxical part of all of this: if all of those competitors launch within about 1 year of the release of Eth 2.0, they will compete with each other more than they will with Ethereum directly. They can't just be better than Ethereum, they have to be better than each other to have any hope of gaining a preponderance of network effect- something that is absolutely critical for a blockchain network to be successful.** + +If the Ethereum roadmap didn't have a good path forward, I might be worried. But personally, I've been very encouraged by the progress in recent months around Eth 2.0, and the focus in developer activity upon it, engaging many teams across the community to create multiple clients. And the model being proposed appears to be more durable and decentralized than that I have seen from any L1 competitor- many of whom make unacceptable compromises to deliver enhanced performance (often through on-chain governance, combined with flawed token distributions with heavy VC and hedge fund involvement). + +**Ethereum's long PoW phase (with well-distributed tokens), unwavering commitment to decentralization (even if things are harder and take longer), and proven track record in adversarial conditions are its biggest assets- and they have encouraged development by more developers than any other blockchain.** That type of advantage can't be lost in a day, a month, or even a year. Nor can it be bought (as many here pointed out when EOS launched), it has to be earned. And often, those things can only be earned with time- something the new wave of Ethereum competitors do not have in abundance. + +No, Ethereum can't rest on it's laurels, and it isn't. The dev community is working incredibly hard to improve Ethereum today, and get us on the road to Eth 1.x and Eth 2.0. And even with the current limitations of the network, [amazing things are being done around important use cases like decentralized / open finance.](https://www.reddit.com/r/ethtrader/comments/au54ae/daily_general_discussion_february_24_2019/eh7u0o7/?context=3) Those decentralized / open finance use cases are perfect examples of dapps which rely upon heavy interoperability and network effect in order to be effective. + +When I see another chain in operation which can decentralize the world better than Ethereum, I promise that you all will be the first to know it. **Until then, it's fairly clear to me that all of these chains will be in an epic battle for second place, as Ethereum continues to be relied upon as the world's digital asset ledger of record- with the largest user and developer base of any robustly programmable blockchain.** +I have to admit - I avoided Reddit for a long time. This platform is notorious for the sheer number of trolls that seem drawn to any popular post. + +This Day Trading Sub is clearly not immune to that phenomenon. + +I see many on here ask great questions and others giving excellent advice/feedback. It’s those people that make forums like this an excellent resource. + +Sadly though I also see a number of people whose primary goal seems to be to tear down any sign of success. If you look through their comment history you’ll find a clear trend of negativity. + +My theory? These are failed Day Traders, and they are angry. They’ve convinced themselves that it is impossible to make money Day Trading - because if others can do it, why can’t they?? + +Unfortunately new Day Traders are intimidated enough as it is, worried they are going to lose money and looking at a steep learning curve. It doesn’t take much to push them into believing that Day Trading isn’t an option (pun intended). + +These past 7-8 months has attracted more people to trading than ever before - they are at home more now, perhaps they need income, or a new career. And instead of providing education and encouragement, these disgruntled failed traders stalk the subs looking to tear down any optimism in the name of “hard truth”. + +Well, I’m here to tell you all who are thinking of taking up Day Trading - ignore them. Yes it’s hard, and yes there is a steep learning curve. There’s no “get rich quick” scheme and you shouldn’t fall for the constant barrage of those claiming to have the “magic bullet”. But - It is doable. Everyone has their own style, but the foundations of it can be picked up by anyone and built upon. + +So don’t let those that couldn’t hack it due to their own failings bring you down. I’m a profitable Day Trader, I know many profitable Day Traders, and with dedication you can become one as well. +I'm currently working within the technical sector. Within my job one of colleagues told me they were on £40kpa. + + +I'm currently on £26kpa, we did the same job he just had more experience. I have set myself a soft target of earning £30k pa before I turn 30. I'm 26 at the moment. + + +Recently I've spent some time on my CV to make it far more presentable, updated all the job boards/linked in profile. But it seems there's a 'wall' to get into this £30k+ region (Unless I'm setting this wall by myself). Without have a degree/uni education. Do I have a hope of getting to my goal? What would you all recommend/suggest I do? + + +I know it's pretty vague, so feel free to ask questions to help get a better understanding. + +EDIT: Not checked reddit over the weekend. I'll do my best to respond to as many comments tomorrow! +Sorry if this is a bit vague. I’ve been reading and listing to different ways to find properties, make sure the numbers work, how to find a good PM, how to finance, etc. + +I’m a little nervous to make a rental purchase for the fear of the unknown because I don’t have the operational experience of owning a rental. + +What do you wish you knew about real estate investing that you can only know through experience? +**Edit:** + +In the 12 hours since I made this thread, yields have tanked an ungodly amount. We have now (11am EST) an almost 100% chance for a 75 point cut this month. + +If there's more flight to bonds, we could very easily have another emergency cut. That is unless the Fed decides to not do what the market wants this time. But the chances of that happening is extremely low. + +- + +- + +- + +Two weeks ago, we were talking about modest chances for *one* rate cut of 25 points. There's a very realistic chance we drop a total of 125 points in 3 weeks flat. Someone hold me. +I’d love to hear from those of you who currently live in NYC (and are planning to stay there) who are on the path to fatFIRE or meet the definition. + +I’d love to hear how you’re currently living: career, total income, NW, # of kids, which neighborhoods you live in, type of home (#bedrooms/bath, sqft, townhouse vs. condo vs. penthouse vs. brownstone, renting or buying, how much you pay), public or magnet or private or elite private schools, own a car?, how you spend your free time and what you do for fun, etc? Do you love it here and plan to stay? + +We are currently on our way to fatFIRE in NYC, but are looking to learn how others are making it in NYC. + +Thanks! + +EDIT: I would love to have a conversation about this topic (fatFIRE in NYC) from anyone who is willing to contribute rather than focus on schooling. Thanks! +https://www.bloomberg.com/news/articles/2021-08-17/cathie-wood-says-burry-doesn-t-get-fundamentals-of-innovation-ksg2m0aa + +> Cathie Wood has responded to Monday’s news that famed investor Michael Burry has placed bets against her firm’s flagship fund. +> +> In a Twitter thread on Tuesday, Wood laid out the thinking behind Ark Investment Management’s approach and called out Burry directly. +> +> He made a “great call” in the mortgage market, she said, but she doesn’t believe he understands the fundamentals that are creating “explosive growth and investment opportunities” in the innovation space. + +I read the whole article, and I didn't find it convincing tbh. + +So i MARCHED right into Cathie Wood's office and Declared that I am going SELLING all my ARKK ETFS and she Pulled my Pants DOWN and gave me a BARE-BOTTEMED SPANKING!! !!! + + +Hey Guys, I closed my 2nd property. It’s a Duplex + +I did a post on my first property. Here is the [Reddit post](https://www.reddit.com/r/realestateinvesting/comments/hpnw65/details_actual_numbers_and_lessons_of_my_first/) to that + +**Back Story** + +I live in Toronto and invest in smaller markets outside Toronto (because properties barely cash flow here) + +When I went for an inspection here, there was a sign on this property that said “Slum lord’s Bait Shop” (it’s on the image). The tenant who put it up there told me that he was upset with the deferred maintenance on unit which is understandable. His unit has roaches, mice etc. His ceiling has a whole (swipe to see it). This property is need of some love! + +**Some Number** + +I was able to get a pretty decent deal on this. Here are the numbers: + +· Purchase price: 115K + +· Rent: $1,740 ($840 for the lower unit + $900 inclusive for the top) + +· Expenses: $1,100 (Taxes, Property Management, snow ploughing, vacancies etc) + +· Cash Flow: $640 + +The tenants living upstairs left on closing. His unit needs some minor renos about 5K to 10K. But once we do that, we should be able getting the following numbers + +· Estimated After Repair Value: 175K-185K + +· Estimated Rent: $1,940 (after redoing the upper unit we can slightly increase the rent) + +· Estimated Expenses: $1,000 (the new tenants will pay their own utilities) + +· Estimated Cash Flow: \~$940 + +**A little bit of Motivational reason as to why** + +As sappy as it may sound successfully finishing this is like a my dream of mine!! + +But managing renovations 400km will be tough! I am going to have many stressful days and sleepless nights. I have to have to sacrifice my evening and my weekends. And still I might fail. Shit! + +I heard Kobe once something like… when you have a real dream then you are willing to give it all and be willing to accept the possibility that you might fail even if you gave it your best shot and accept the fact that you were not good enough to achieve your goals and if you can do that… that’s when you have a real dream.. Let’s see how it goes.. + +If delete my reddit post in a couple of months that means this project probably when bad! Haha im Joking😉 + +**Let's Connect!** + +I believe Network = Net worth! If you guys want to connect with feel free to reach to me. Here is IG account: + +[https://www.instagram.com/p/CHfxEq2BEfY/?utm\_source=ig\_web\_copy\_link](https://www.instagram.com/p/CHfxEq2BEfY/?utm_source=ig_web_copy_link) +Hi all, I'll try to keep this as brief as possible with all relevant info. + +Financial situation: I [26M] currently have about $17k saved up in my checking account plus $3k as an emergency fund in savings. I have very low expenses due to living with my parents, so I'm able to put away as much as $1500/mo. I'd like to move out as soon as possible for the sake of my mental well-being, but being able to accumulate this much money is too great a temptation for now. The only debt I have is a car loan. I have been contributing to an HSA as of last year, and this year I've decided to start maxing out my contributions. + +Dental work: My jaw isn't lined up right, so I only have one set of usable molars and have a substantial open bite, to the point where I can't bite into anything with my front teeth. I recently got an orthodontic consultation. If I get my mouth fixed, they'll extract my wisdom teeth and four molars ($1500? IDK; I would possibly get this done regardless of whether I pursue the other work or not), followed by braces ($6700), orthognathic surgery ($4000 if my insurance covers it, I'll find out in July; if they don't cover it the point becomes moot since the surgery costs like $100k), and dental implants (??? maybe $8000 @ $4000 per implant, maybe more if they have to do bone grafts first or want to put 4 implants in instead of 2). + +The Dilemma: I've gotten by this long without the dental work, so it almost seems foolish to drop this much money on something that's partially an aesthetic problem. It would go a long way towards a down payment on a house or to pay for some education. At the same time, it would be really nice to get my teeth fixed and be able to eat/smile normally, although my confidence isn't really negatively impacted that much by my current facial aesthetics. + +I can tell my immediate family is kind of hoping I won't go through with it, they've always just suffered through dental problems since they've never had this much money to spend. + +I guess I'm just looking for some outside perspectives on the financial aspects of this decision, feeling a bit overwhelmed and out of my element. + +Thanks. +I'm aware of; [**Cryptohopper**](https://www.cryptohopper.com/) and [**Cindicator’s Stoic bot**](https://cindicator.com/stoic) but never tried them before. I'm currently running Cryptoping (Free Version), it seems to be quite handy but I am usually 'Pinged' about 20-30mins after the real pump starts. + +Has anyone had experience using either bot? Or how could I best find quickly trending coins? +The fact that we are standing up and defying our standing and position in the world given to us by the elite, for the betterment of ourselves and our neighbors let’s me know that what we are doing is not only amazing, but is also what is right. Congratulations on already winning the respect that you can only gain by fighting for yourself and your own freedom and life. I salute every single one of you diamond handed apes that have been in this journey while struggling and just grinding. We love this stock because of what they do for their communities. Because we all want to be able to do the same for our communities. Thank you all. + +Edit: Thank you all for the kindness and support. See you all on the moon apes 🚀🚀🚀🚀🚀 +From page 31: + +* NSCC was going to charge an additional margin requirement to A SINGLE, UNNAMED firm (i.e. RH) +* but decided not to because of **"an affiliate transfer"** (i.e. someone else - **one firm** - paid for it). +* [sauce](https://i.redd.it/8k1um7ua3bu71.png) p.31 +* THIS WAS NEVER DISCLOSED. Only disclosure was that RH was doing another ["round of funding"](https://www.nytimes.com/2021/01/29/technology/robinhood-fundraising.html). +* Language in the report implies: 1) it was ONE firm, who would have significant leverage over RH (i.e. could compel them to shut off buy button), and 2) implies it was a firm the NSCC trusted with funding immediately - did not need additional clearing funds, time, etc. +* This is essentially an indirect implication that Citadel also bailed out RH + +WHICH IS IN DIRECT CONFLICT TO KEN'S [CONGRESSIONAL TESTIMONY](https://www.youtube.com/watch?v=YRR6dBR5dnY) + +HOLY SHIT + +edit: I don't have access to historical NSCC data, but Melvin is not a current member, and RH is +So, for context: +I'm a 20 year old male with a girlfriend who I love very much. + +About half a year ago I found out about the BRRRR method, flipping houses and real estate investing in general and have been reading as much as I possibly can about the subject as well as watching some YouTube videos on the subject. + +I recently mentioned this newfound passion of mine to my girlfriend and she started calling me names, said I was stupid and the whole lot. The thing is, money has been scarce in her live so far and therefore she was thaught not to do anything risky with it. + +Now, I have been planning, for the past few months, to save up for a duplex or triplex for us to live in while we finish our master's degrees but she is obviously not at all interested in renting out anything, not even if it's a seperate apartment. + +So, my question for you, dear reader, is: What should I do? + +------------------------- +EDIT 1: +Been banned from commenting or posting, guess you guys got something out of this post tho. +I won't be letting her go based on this one incident. You guys might be right about me ending up in a cubicle but hey, that's life for most people. + +EDIT 2: +Unbanned!!! I was collateral damage :)))) + +Thanks for reading! +As the title says. Worked for a(nother) Subway for most of last year. They constantly would leave me to close the store alone, which was located in a high crime area of [major city]. It was more than a few times that either the place was robbed, or there was someone suspicious hanging around trying to catch me when I left the place after closing. I once had someone try to follow me from the store, presumably because they were too dumb to understand than I'm not a manager and don't have any money for them to to steal. Had to cut through a couple of dark alleys and someone's backyard in order to ditch then before heading down my own street and to my building. + +Would normally have to work 12pm-10pm. They'd have someone else work with me 2pm-8pm. Of course, before I took the job, I specifically asked if they world have a minimum of 2 people on until closer, which I was assured they would. LMFAO, right. That was the first thing to not happen. Then, the night time person (younger sister of the manager, who in turn was the wife of the owner of all the local Subways) would leave at 7pm. Then 6pm. Then world not show up until 3om. Then 4pm. I think you're seeing how this is going. So, SO many times I complained that I didn't want to get shot by dinner scumbag so they could rob my empty wallet. Oh, and you'll live this, they demanded that I absolutely not call the cops if/when the place gets robbed. Why? Who knows. + +Anyway, I finally got fed up. One day, when it was particularly slammed, with me by myself, customers yelling at me, threatening me, etc, it came to about 5:30pm with no one showing up. A customer starts yelling at me about shit in the floor. Not trash, not food; literal shit. Human feces. Some guy went into the bathroom, threw shit everywhere, smeared it all over the toilet, on the walls, stomped it all over the floor, ask over the door and door handle, and then tracked it all over the floor through the restaurant. I said fuck it, got a chair and sat down behind the counter and tried to serve anyone else. Didn't take 5 minutes before I got a call saying they could see me on the cameras and wtf am I doing, etc. Another 10 minutes, and the manager magically asked up, her sister (who should have been there hours ago) in tow. I said nothing. I stood up, I walked out. + +Fast forward to now. First week of February, I'm waiting on my w-2. I normally have my taxes ready to go, ready to be e-filed the day the IRS starts accepting returns. No w2 is showing up. Got 3 others weeks ago, from the other places I worked. I really, REALLY didn't want to have to contact these people, but what choice did I have, I want my damn refund. Call them up, ask when I can expect a w2. The answer? Never. They're not going to send me my w2. Apparently they have no intention of sending it because I "treated then poorly" and "dunt deserve a payment" or some bullshit. IDK, it's not easy understanding wtf this guy is saying with his Indian accent over his shitty quality phone line. But I figure it's pretty clear what the intention is. + +So of course I had to use a 4852, which means I have to file by mail. Which in turn means I have to take time away from sleeping (I now work 3rd shift) to walk in the rain to staples in order to print out my returns, and the 4852s, and manner copies of paystubs. Then figure out how the hell that's all supposed to go together, waste more time and energy going back and forth, then to a post office to mail the damn things. Not to mention the fact that I world have gotten my refunds in a couple of weeks, bit instead it will take who the hell knows how long. Blah blah blah. + +And of course, there will no consequences for this guy, because of course not. This is someone who passes health inspections with cash payments. + +Well, that's my rant. My completely useless, unnecessary rant. Maybe when I get out of work tomorrow morning I'll have a new post, with actual descriptions of things that need to actually get done, and a request for actual advice on how to do it. You'll love that one, as it's about how to get a apartment when apartments cost twice your monthly wages and the people renting out the apartments want you to make per month, 4-5 times the rent they are charging. + + +Edit* So just added info. As I've mentioned, I've already sent my tax return by mail, so I honestly don't care at this point whether I actually get the w-2 or not. If I get one eventually, and the numbers differ from what I reported on the 4852, I'll file an amended return. I've already been through this whole process a few years ago, for yet another Subway of all places that never provided a w-2. For that one, I went to work one afternoon only to find the store closed and locked. The owner wouldn't answer his phone, and that was just... that. The store never opened again and I never heard from the guy. Never even got my last paystub. I had to use my paystub from the week before, plus the direct deposit amount of my last check (so my net pay), then take that use that info and the payroll calculator on the ADP website to reverse engineer the gross pay and then the tax deduction that would have appeared on my last pay stub. Used that info to file, and yes, reported the missing w-2 to the IRS. I eventually received a w-2 in the mail, in friggin June. Had to file an amended return and ended up getting an extra $20 or so refund. + +As for calling this person or that department, and report here there and everywhere: honestly, that's not going to happen. I have pretty severe social anxiety, among other things, and will go to great lengths to NOT make phone calls, or be put into situations where I have to deal with people. Just posting in public forums like reddit is honestly terrifying an fairly stressful(though yes, I do it anyway, as a mild form of attempted self-treatment, as and when I can manage. Better than many of the alternatives). On top of that, c'mon. My post was about working for Subway. It should be pretty obvious I'm dirt poor and have much more immediate things to worry about than how to get old employers in trouble. It's been 5 or 6 months since I've worked there. I've had a number a much worse things happen in the last 6 months that I've had to deal with, I just can't be bothered dedicating any more mental energy to Subway, beyond writing up a quick post just to rant about all the BS. + +So yeah, this was just a rant. A way to vent. And by the look of the comments, I'm certainly not the only one. Hopefully other people in the same situation, maybe someone with more energy and less beaten down than I am, can use some of the advice in the comments. +Disclaimer: Not gonna beg for money. I'm fine physically. +However, I just got in a car wreck this morning and now I'm walking into a dealership with an envelope containing $6,000. +That $25-$50/paycheck is worth every penny. + +Edit: +I know I would get a better deal from a private party sale. I just never bought a car from a dealer before so I figured I'd see what it was like. I didn't buy anything. +Instead I bought a 2004 Chevy 2500 diesel to replace the truck I wrecked. I picked this guy up for $4k title in hand just registered it and transferred my plates. Now just waiting on then insurance check to come in to refund my emergency fund. +X + +I think it’s important that traders (especially new traders) know what is expected of them and what to expect from the markets. + +Prop firms and social media have you thinking that 10% a month or so is easily achievable, and yes maybe for the top 2% of traders it is, but these are either masters at the game, who are risking less than 1%, maybe even 0.5% per trade along with years of experience, consistent experience, or simply someone who is over leveraging and doesn’t mind losing the account. + +You should not be thinking you need to make 10% every month, that is a large amount, and prop firms expect you to over leverage yourself to reach this, it’s their business model. It seems achievable, especially when you look at their leaderboards and traders on social media claiming massive returns. + +If we look at the top 2 funding firms, FTMO and MFF, they only expect you to make 2.5% a MONTH within 4 months to scale your account, what does this tell you? When you manage to pass their stages, and you’re managing their real funds, you are expected to deleverage, lower your risk appetite and aim for a more appropriate and ‘realistic’ target. + +Again, I’m not saying 10% is impossible, all you have to do is look at the leaderboards. But you also have to consider, the majority of people on these leaderboards are risking massive amounts per trade, they probably have other accounts using a lot less risk and so don’t mind if they lost this account, and they are also masters at their craft. + +You should be focusing on creating a consistently profitable strategy, one that follows simple market principles that have stood the test of time, doesn’t have large periods of drawdown and risks a minimal amount of your account. +Hey guys , + +Just wondering how has trading changed your life for the better from a professional aspect and personal pov? + +Thanks for sharing in advance 🚀 +*Questions at the end* + +Perhaps this would be more fitting to a small business sub, but after seeing a lot of toxicity elsewhere vs. the positivity and support offered here, I am hoping there is a good level of interaction. + +A bit about me: 28, I don’t come from money, educated at a struggling comprehensive school in the north of England, single parent mother. + +Up until the age of 21/22 I thought I was destined to work as a tradesperson and hoped to earn 30k a year as an ‘adult’ nearly double my mother’s annual salary. + +The one thing I always thought was odd through my life was that people listened to me and saw value in what I had to say. I don’t know how else to put it; I had a lot of ideas and opinions, and people liked them. + +Fast forward 6 years, one thing led to another, and I am in an okay position. + +I started a small holiday rental business 4 years ago (I had no property knowledge whatsoever, I just liked houses), which then led to property management, and now sales. I quickly realized after I started that there was no point dealing with ‘cheap’ properties. So I’ve always focused on the ‘luxury’ market. + +I had 14 people working for me pre Covid. I’d be able to take 300k this year now our sales business has taken off, 150k in the last 2 years. + +All of the people I deal with I assume to have a net worth of >10m. + +Everyone I speak to treats me as an equal which is great. But I still feel like the kid in the room - like I’m out of my depth - but people still listen to me and trust me. + + +The above is a load of crap about my situation, the real questions are here: + +1) When and how did you stop feeling out of your depth when running your business? + +2) What changes did you make so that you could take control of your future? + +3) Realizing that you probably can FATfire at 35 with 5-10m if growth continues, what did you focus on in business so that it either a) accelerated growth or b) made it very attractive to future buyers? + +4) I have a lot of ‘anchored’ feelings where I believe this is just pot luck and that I will end up on a building site in a few years because I’ve failed. Is this normal? Do these feelings go away? +**Never using Robinhood ever again.** + +LoNg story ShOrt - I was using Robinhood and ended up treating it like a casino \[Options\] with the recent mayhem going on for the past week. + +My current investment portfolio is now **$** **15,556.02** in Robinhood cash (No Margin), previously **$35,694.34.** + +**Do I feel sad?** No.. and I don't know why.. there's lots of people would kill themselves over losing that amount of money and I'm grateful to have money backed up. + + It's probably just the simple fact that I'm young and employed and I have a lot of time left in my life to recoup the $20k. I do have another **$31,348.35** saved in cash so it's not like I put all of my savings in there(Thank god I didn't). + +**What will I do next?** Change brokerage accounts. I've sold all my stocks and will be moving over to TD Ameritrade(unless you guys know a better brokerage)? I'll continue investing $200 a week on the same Wednesday I get paid from my job into QQQ like I have been on Robinhood and will lay off using Options for a very long time.. Maybe never again. + +**What will I be doing with my remaining 31k saved?** Not sure yet. I have a full ride in College studying Business Administration and Finance(the irony) so I don't have to worry about tuition and books. I've always wanted to start my own business so I can imagine that happening someday, maybe soon. We'll see. +ETA: Volunteer post is now closed. Thank you to everyone who has submitted their name. Be on the lookout for a DM from one of the mods as we sort out the logistics of making this happen. + +Howdy apes! u/Bradduck_Flyntmoore here! As the Ape-bassador, it is my pleasure to announce that Superstonk mods are interested in finding a few apes who are going to the GameStop Annual Shareholders Meeting in person, who might also be interested in taking some footage of the events. Think seed footage for the greatest hype film ever put together. + +If you are such an ape, please comment below. If you are not such an ape, but know one, please tag them below. Lastly, if you know someone who ISN'T an ape, but is still going, and might be interested, please let us know if you can act as a liaison to get us the footage. We are hoping to get as many angles on this as possible, but we cannot do it alone! Apes together strong! + +Power to the Player! 🚀🌙 + + +ETA Confirmed Volunteers (52 total; 6 conditional): + +u/jay_em86 - contacted - responded ✅ inv + +u/AnnaKLeBaron - contacted - responded ✅ inv + +u/medicfourlife <--if there are no restrictions to entry - 📈 backup team + +u/jessesal - contacted - responded ✅ inv + +u/Appleejaxx <--if their health allows 📈 backup team + +u/tricky4444 - contacted - responded ✅ inv + +u/Kkykkx - unable to contact ❌ + +u/Lunarsprint <--if they can make it 📈 backup team + +u/WhiteCollarBiker - contacted - responded ✅ inv + +u/bebiased - contacted - no response ❌ + +u/Sekou_17 - contacted - responded ❌ + +u/iPaddleNXT - contacted - responded ✅ inv + +u/Giant110 - contacted - responded ✅ inv + +u/LaReGuy - contacted - no response ❌ + +u/cheelout19 - contacted - responded ✅ inv + +u/SPCEMember593 - contacted - responded ✅ inv + +u/X-XX-XIX <--if they don't have to attend work meetings - 📈 backup team + +u/Realchilldyl - contacted - responded ✅ inv + +u/BigCatChromatic - contacted - responded ✅ inv + +u/Dull_Shift - contacted - responded ✅ inv + +u/BodySurfDan - contacted - responded ✅ inv + +u/HumbleAdvantage3919 - contacted - no response ❌ + +u/drsmile9ja - contacted - responded ✅ inv + +u/QuarterSavant - contacted - no response ❌ + +u/FrozenRaider <--if they can get covered at work - 📈 backup team + +u/ayyayyron - contacted - no response ❌ + +u/drpocketcamper - contacted - responded ✅ inv + +u/letak2018 - contacted - responded ✅ inv + +u/gnsn - contacted - responded ✅ inv + +u/SamuraiGnomeKitsune - contacted - responded ✅ inv + +u/ISeeGlitches +1 - contacted - no response ❌ + +u/Complex_Twist6184 - contacted - responded ✅ inv + +u/Noah2029 - contacted - responded ✅ inv + +u/HuntCoProducer +1 - contacted - responded ✅ inv + +u/Coachbonk - contacted - responded ❌ + +u/atrector +1 - contacted - responded ✅ inv + +u/Similar-Stock-8811 - contacted - no response ❌ + +u/eryc333 +1 - contacted - no response ❌ + +u/BigOlHammer - contacted - responded ✅ inv + +u/SnooWoofers9189 - contacted - responded ✅ inv + +u/Tkshorty9 - contacted - no response ❌ + +u/Dan_Unverified +1 - contacted - responded ✅ inv + +u/imnotcoolasfuck <--if in town that day 📈 backup team + +u/HennyDthorough - contacted - no response ❌ + +u/Totally_Kyle - contacted - responded ✅ inv + +u/FacenessMonster - contacted - responded ✅ inv + +u/DueBerry3192 - contacted - no response ❌ + +u/Altruistic-Sir-6329 - won't be there/offered back-end assistance - contacted - responded ✅ - 🧙‍♂️ back-end team +The decades of unrestrained capitalism syphoning trillions to the already rich killed my mom. 15 hour days, 3 jobs at time, still needing housing and food assistance, having broken teeth and no insurance, having every joint hurt and still having to pick up the slack of 25 year olds or work solo because 'the money isn't there' to hire someone to help. + +I am numb. I am rage. I am crippling sorrow. + +Most of us know this system is a sham. + +Workers wages have become a decreasing share of GDP and productivity since the 70s. + +2008 destroyed our parents'/grandparents' retirement funds and now they're back with the sequel. + +My hatred of the wealthy parasites, our spineless shitbag "leader's", and the system from top to bottom will never fucking cease. + +I'm going to hold until the world burns. Fuck them all with a bedpost. +https://www.washingtonpost.com/business/2018/08/08/rep-christopher-collins-r-ny-charged-with-insider-trading-federal-prosecutors-announce/ + +https://www.wsj.com/articles/new-york-congressman-chris-collins-is-arrested-on-insider-trading-charges-1533736677 + Bitcoin maximalists keep preaching that adoption is important and Ethereum doesn't have adoption + +[https://media.consensys.net/ethereum-has-4x-more-developers-than-any-other-crypto-ecosystem-638668eba41d](https://media.consensys.net/ethereum-has-4x-more-developers-than-any-other-crypto-ecosystem-638668eba41d) + +Ethereum has 4x the number of developers than Bitcoin. How's that for adoption? +Recently transitioned to a Horizons TRI (unregistered) and Vanguard DRIP (registered) portfolio for 90% of my assets. The other 10% are dogs I still believe will turn around. + +I used to waste so much time on this and there are hobbies and life etc. but how do you peeps stop yourself from making tweaks and changes and embracing the set it and forget it? +Hey guys, anyone been watching BRK.A at all? Seeing the huge dip? Notice in 2008 when it went down? Now it's going down again. I'm just putting on my conspiracy tinfoil hat at this point, but I think something is going to happen... + +https://finance.yahoo.com/news/warren-buffett-letter-on-philanthropy-and-resignation-from-gates-foundation-130453249.html +Real estate is one of society's largest, oldest industries and has managed to resist significant disruption for many decades. According to the latest news, the performance of major housing companies is getting tougher, and my observations also confirm this. + +In general, most indirect indicators signal us about a forthcoming crisis - hiring activity has significantly decreased, investors are pessimistic, and the short interest level is growing for most of the main players. + +We all saw that **better.com** (a pre-IPO company) [fired 900 employees](https://edition.cnn.com/2021/12/05/business/better-ceo-fires-employees/index.html). CEO said - «The market has changed, as you know, and we have to move with it in order to survive so that hopefully we can continue to thrive and deliver on our mission». + +It looks like a powerful signal, so from words to data! Let's take a quick overview of the main US real-estate-related companies and try to understand the overall market situation: + +**1. Opendoor Technologies Inc. (**[**$OPEN**](https://contora.ai/ticker/open)**)** \- the biggest player in the real estate market. + +If you're a home buyer or potential real estate investor, you need to be paying attention to what's going on with Opendoor since they buy and sell more homes in the US than anyone else. And if they're crashing down - that's definitely a strong signal of what you can expect to see in the whole housing market. The $OPEN stock is already 30% down over November: + +https://preview.redd.it/iuwglbmqc7481.png?width=673&format=png&auto=webp&s=3050e2beece0ca9b648048b559cf10844ad469a4 + +We can see a constantly growing [short interests](https://contora.ai/ticker/open#short_interest_level) level for $OPEN as well, which means that the company is actively being shorted: + +[$OPEN short interest](https://preview.redd.it/jkbu7ddsc7481.png?width=1397&format=png&auto=webp&s=a21c4b6b004418b37a385a6078060d6a1629b8dc) + +Another bad sign for Opendoor is the growth of [insiders selling activity](https://contora.ai/ticker/open#insider_trading_activity): + +[$OPEN insider activity](https://preview.redd.it/hk9c7gmtc7481.png?width=1383&format=png&auto=webp&s=997e3e2049ccd82fde8e74bb92e3ba19f5d58841) + +When these insiders sell the stock, it's only natural for outsiders to wonder if something is afoot. But with the support of other powerful signals - it's crazily bad :( + +&#x200B; + +**2. Zillow Group (**[**$ZG**](https://contora.ai/ticker/zg)**)** \- Opendoor's largest competitor, a digital real estate company, operates real estate brands on mobile applications and websites in the United States. + +The second negative signal was made by Zillow company a month ago - its stock price has reduced significantly. + +https://preview.redd.it/5h5s2egvc7481.png?width=538&format=png&auto=webp&s=47b61a630d7bfd72ce57e74b705e50ce13d41f58 + +The number of [open job positions](https://contora.ai/ticker/zg#job_openings) at Indeed and Glassdoor has dropped to zero, which means that $ZG can't afford to hire employees: + +[$ZG hiring dynamics](https://preview.redd.it/nsmm358xc7481.png?width=1397&format=png&auto=webp&s=32ac5613ad773113b6eedb3c1859448bc31bc3fb) + +And situation with [short interests](https://contora.ai/ticker/zg#short_interest_level) level is similar to $OPEN's: + +[$ZG short interest](https://preview.redd.it/i6dxprqyc7481.png?width=1388&format=png&auto=webp&s=4c21e6956a8d8278073638bfc987f8aa15401217) + +**3. Redfin Corporation (**[**$RDFN**](https://contora.ai/ticker/rdfn)**)** \- a residential real estate brokerage company in the United States and Canada. + +The third company in a list - a third bad sign. The Redfin's shares dropped 20.9% in November: + +https://preview.redd.it/mx96mi20d7481.png?width=667&format=png&auto=webp&s=677f394eccaea950bc9e1f0048e113526a0f1a7f + +At present, $RDFN has a market cap of $4 billion. But Redfin only generated low numbers in gross profit over this year and had no net income: + +[$RDFN fundamentals](https://preview.redd.it/ihops7j1d7481.png?width=1391&format=png&auto=webp&s=3e76f36202c4144df79a412d2633a9831d36a665) + +If it's unable to grow its business over the coming years, the stock will likely fall even more from here. Also, the company is [actively being shorted](https://contora.ai/ticker/rdfn#short_interest_level) over the past few months as well: + +[$RDFN short interest level](https://preview.redd.it/yj13uh83d7481.png?width=1380&format=png&auto=webp&s=d4dfce16f1a7101fced10f6557c03764e284ee85) + +What are your thoughts on the real estate market? This is a fairly quick overview of the current market situation, but even from these facts, we can understand that the housing market is going through a period of turbulence. + +If this post was interesting,  I can try to prepare a more detailed analysis of the market situation and include more alternative indicators and players there. +# + +# Elongate Deluxe is like Safemoon, but better. We utilize advanced elongation meme technology based on over 100 decades of grueling research. Our elongation tech is second to none. + +# Every transaction (buy and sell) is taxed 9.09% where 4.20% goes to liquidity and 4.20% gets distributed to holders according to their stake. .69% gets added to a black hole address and disappears on every transaction, meaning the supply is slowly decreasing over time. + + + + +🌚🌚🌚🌚🌚🌚 + +✅LIQUIDITY LOCKED 3 MONTHS (will relock for uniswap v3) + +✅ALL OF THE PRESALE MONEY WENT DIRECTLY TO LIQUIDITY + +✅TEAM HAS TO BUY TOKENS LIKE EVERYBODY ELSE + +✅ANTI BOT LAUNCH + +🚫NO MASSIVE DEV WALLETS + +🚫NO MARKETING WALLETS + +🚫NO MINT FUNCTION + +LIQUIDITY LOCKED + +🌚🌚🌚🌚🌚🌚 + +Website: COMING VERY SOON LITERALLY APRIL 30 + +Token Contract: + +0x348b7f3106b5da47405332534d06069ff9ce4d1b + +Twitter: + +https://twitter.com/ElongateDeluxe + +Etherscan: + +https://etherscan.io/address/0x348b7f3106b5da47405332534d06069ff9ce4d1b + +Buy Link: + +https://app.uniswap.org/#/swap?inputCurrency=0x348b7f3106b5da47405332534d06069ff9ce4d1b&outputCurrency=ETH + +Dextools: + +https://www.dextools.io/app/uniswap/pair-explorer/0xec745519247642fbf14689ac7254068dffba08e3 + +Vitalik's tax: + +https://etherscan.io/tx/0x340befa7f5b5d1b193c3a5124bdbd7475907781139a6adc5b53dcee6e3719542 + +Liquidity Locked: + +https://etherscan.io/tx/0x39e4ff8070d1c6dcf06f0372b1899e31771f710f4046365ce97ec25a19168b67 + + + + +Twitter: [https://twitter.com/ElongateDeluxe](https://twitter.com/ElongateDeluxe) +I have a Masters degree in Social Work which I have around $42k in student loans for (luckily had a full ride to undergrad) and have about $6k in credit card debt. My goal is to pay off my card with my highest APR first, then second card, then tackle the loans. Just started a new job where my income is laughably $42k, after taxes I’m taking home a little over $3k a month. + +Between my rent ($1300 monthly, literally half my paycheck), utilities, internet, car insurance, health insurance (almost out of my 90 days and can’t believe how expensive health insurance is), minimum credit card payments and eventual student loans payments that start up in January, and groceries/gas…I feel like I’ll never be able to be anything other than stay afloat. + + +I am very frugal, rarely go out, don’t try to buy anything expensive, always buy used, I don’t even have savings because anything extra I put towards my credit card. To top it off I’m almost 3 months pregnant and that adds so much more financial fear. I am very lucky I have a partner who is working overtime right now to pay off his loans and save up. But I’m just feeling so jaded by life right now and the fact that I’m making pennies when I have a Master’s and the job I found actually pays better than most others based on my experience. Will I ever get ahead? + +Edit: I appreciate all of the comments suggesting I look for a different job. I’m working as a mental health therapist toward my LCSW so I’ll have more opportunities when I reach that. But I have barely enough energy for my current job, I could not handle a second job or side hustle. So I would consider a different job but the one I have now has been the best I could get as I just graduated and have little interest in other areas like working in a hospital. +I work for a German owned American subsidiary that employs about 1,000 people in North America. I run sales for a specific market segment and have been with the company for 20 years. + +Sales are down because of bad management. The CEO, CFO and several VP's were fired earlier this year. A former colleague that ran sales for a different market segment was fired in April and his work load was dumped on me. I now have my former full time job as well as his. They have indicated that they are not done with the layoffs. + +I was not given any sort of raise. + +I make $65,000 as a base plus 3% commission on what I sell. I normally make around $110,000 - $140,000 a year. I've had terrible years where I made $100,000 and outstanding years where I've made more than $300,000. + +The guy who's job I took over made $120,000 a year plus a bonus of up to an additional $30,000 a year. He never hit his bonus which is why he is now gone. + +I was told that my 3% commission would extend to the new market segment I took over but do not have anything in writing. My 2nd quarter commissions will be reported at the end of the month so I'll know in short order if they plan on paying me or not. + +Regardless, I'm now working my ass off trying to keep up with both jobs. I'm putting in ten hour days six days a week. I am having to travel across the country at least once or twice a month now. I feel that I should ask for my base to be adjusted to compensate me for all the additional work I'm doing. + +The program I took over is in shambles and I will have to rebuild it from the ground up. If they listen to me and allow me to make the pricing changes I need, I could end up with a program grossing $5 - 7 million a year. If they don't, it will be around the $1 million mark where it presently sits. + +How do I ask for a base raise when the company is still laying off people? Should I let the dust settle before broaching the subject or should I put them on notice now that I need to be taken care of? + +This is a throwaway for obvious reasons. + +TLDR: Company is still firing people and I took on double the responsibilities. Should I ask for a raise now or wait. + +Let’s say someone starts with just 10k. They make 1% every day on average but they reinvest it all. They will have 200 days per year to trade. If they compound like this for 20 years, they could have insane money. Why do we never see this? +I’ve been an Intel user since forever. + +After seeing all the NVDA/AMD news for the past few weeks, I even considered upgrading my Intel CPU to an AMD CPU. This makes me wonder, what happened to the great Intel? Are they stoned? + +&#x200B; + +\---Promise or Non-sense?--- + +&#x200B; + +# INTC is beaten badly on the market. + +The most demand for semiconductors is from business instead of gamers/ individuals. Intel has been losing their customers as they lost competition. + +On the other hand, AMD gradually over the quarters, showing innovation with a cutting-edge chip and in other sectors. + +&#x200B; + +# Buy Intel’s dip instead of AMD or NVDA? + +It’s a big no for me. + +Don’t get me wrong, Intel is far from dead or less competitive. Balance sheet is great and the new CEO looks pretty promising. + +However, the big question - Will INTC go back to their glory days? + +Not gonna happen if they don’t show any innovation. I’m laying my hands off for now. + +&#x200B; + +# Don’t panic if you have INTC, here’s why. + +If you already got some INTC on your hand, don’t sell just yet. INTC is kind of overlooked due to how great NVDA and AMD did recently. However, if you do hold INTC, best case scenario INTC gets back on their feet and stomps AMD and NVDA. + +Worst case? + +They stay like this for a couple more years. Nothing really bad would happen for a company with such cash in hand. If they use the cash the right way, many things could be achieved. + +What do you guys think? Do you still have faith in our good ol’ intel ? +I'm curious about how closely analysts actually follow their companies, and how much time they have to spend on each. What information do they have access to that we don't? + +For example, I'm following a company involved in a patent dispute. A number of the court filings are available for public viewing. If an analyst is following this company, is it reasonable to expect they would read this type of documentation in detail, or will they only have time to focus on the financials and management presentations/quarterly commentary? + +I understand the general advice that analyst projections don't mean much, but I want to understand a little more about what they actually do. +I think it's very likely that a growth ETF will outperform but can't seem to find empirical data to support my hypothesis. If my hypothesis is true, why would so many people recommend a S&P500 ETF as a main long-term investment instead of a growth ETF? +This will be long term but I can monitor it once a week or so. I have $40k in it right now. + +* 20% ARKG +* 20% ICLN +* 20% VTI +* 20% VXUS + +What do you guys think? +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! + +🍑 PAWGNation 🍑 + + +🍑 $PAWG 🍑 + + +PAWGcoin is disrupting the viral meme coin market by providing a cryptocurrency that powers transactions between content creators and content enthusiasts of tasteful noods. + + +The roadmap is centered around the creation of a platform for content creators and consumers where creators can create and offer exclusive NFTs and NSFW content to their fans. All NFTs and content will be available for purchase with PAWGcoin! + +&#x200B; + +Content Creators will have the tools to upload pictures, GIFs, and videos, determine the amount available for purchase, and have the ability to set a $PAWG price or allow fans to place $PAWG bids on their NFTs. + + +Total Supply: 1,000,000,000,000,000 + + +Contract Address: 0x19B60612F9A93359bca835A788A334D4157E675B + + +Tokenomics: + + +\- 4% to holderss + +\- 4% to marketing wallet + +\- 2% auto liquidity injection + +&#x200B; + +Partners: + + +\#1 TYGA + +\#2 LANA RHOADES + +\#3 Abella Danger + +\#4 Mia Malkova + +&#x200B; + +Updates: + +\- Coingeko listing + +\- WhiteBit listing signed + +\- Kucoin applied + +\- CMC incoming + +\- Bigger members incoming soon + +&#x200B; + +Links: + +&#x200B; + +TG: [https://t.me/pawgcoinbsc](https://t.me/pawgcoinbsc) + + +Website: [https://www.pawgcoin.io/](https://www.pawgcoin.io/) + + +Buy: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x19B60612F9A93359bca835A788A334D4157E675B](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x19B60612F9A93359bca835A788A334D4157E675B) +So I was in my calculus class and the professor started talking about the black scholes equation and how gradients can be used to predict the market or maximize profits in options. Does anyone know how that exactly works or if it can be applied to both selling and buying options? +Just a post to say thank you for those who routinely reply to those in need on this sub and for those who have put the effort together flowchart and wiki. + +At it's peak, I had a Next credit account, Argos account, DFS sofa, Dreams bed, two credit cards (maxed) and my s/o had a credit card maxed also, as well as a long term loan for £10k+ and a car on HP. I was driving myself mad looking at my spreadsheet every month getting angry I'd got myself into this mess through some terrible decisions on my part and life unfortunately not being on my side in others. + +Through following the advice here and reading hundreds of threads over the years, I'm now at a point where I have £10k saved, a mortgage that's been accepted and have cleared all of my credit card debt off (only left with a HP for a car and a small part of a long-term loan left to clear). + +To those who constantly lurk and question whether or not you can do it, just take each debt at a time, follow the [flow chart](https://ukpersonal.finance/flowchart/) and it will be the most boring few years of your life but once you reach the end, it's euphoria. + +Again, thank you thank you thank you. + + +Cohen securing the chairman's seat was widely applauded as good news- so why didn't we launch today? + +The answer is simple: our institutional holders didn't want to launch quite yet. Face it, even if retail owns the entire float, we can't generate the kind of trading volume needed to launch this 🚀 . We're hodling but we're not mission control. We don't get to push the big red button. Why? Because we simply can't generate the volume. + +Of the last 60 days of trading, we've had 29 days in the green and 31 days in the red. Of those 60 days, only 9 of them have had a volume under 10 million. Of those 9 days, **six occurred over the last 7 trading days.** Volume is lower than my wife's standards (after all, she married an ape!). + +As Chad Kroeger might sing, 🎶LOOK AT THIS \[photo\]-GRAPH🎵 + +&#x200B; + +https://preview.redd.it/nl9e3xopu1s61.png?width=987&format=png&auto=webp&s=79ff223bcc09988f515acf091d394e80343a5f63 + +&#x200B; + +https://preview.redd.it/drfvdfcru1s61.png?width=985&format=png&auto=webp&s=625a373fdcdbb45f2a4a4b2dc4a86096a37945fb + +Is it sinking in yet? There may be 10 million of us apes out there holding tight but we're not the ones driving the volume needed to take us to the moon. Not all of us can buy more shares, and many of us who are buying the juicy dip can only afford a handful of additional shares at a time. It's not our job to drive up volume to over 50 million. **We literally can't do it.** So what **is** our job then? You know the answer. + +&#x200B; + +https://preview.redd.it/bnz3vxvtu1s61.png?width=735&format=png&auto=webp&s=89464a0c729a6597d6c0ef331dd8b36d00c78db5 +Astutest of astute investors, and the roughly 70-80 ongoing upvoters and presumed readers of this series, how the bloody hell are you? Recovered from yesterday’s bloodbath yet? Yeah, I don’t want to talk about it either. + +As it’s the 13th instalment of this series today, let’s talk about unlucky numbers. + +Like all of you, I have some – let’s say - on the spectrum tendencies, and because I’m here, I like playing with numbers and data and seeing what I can find out. And I’ve noticed more than a few instances of astute investors around here saying that tickers with numbers in them are dogs. + +But is that really true? And what even is truth? + +When I was forced against my will to study the poetry of Keats in Year 12 (real useful, anyone get a job with one of the big poetry corporations lately?), the one thing that stuck with me was this absolute shitter of a line: + +*“Beauty is Truth, Truth Beauty.' – that is all / Ye know on earth, and all ye need to know”* + +What the fuck does that even mean? Is everything beautiful true? If I, on a summer’s day, gaze upon the beauty of that cutie in marketing, am I to expect instant enlightenment? Is it the post nut clarity that comes immediately after time spent with a beautiful person of your choice, or the mental images thereof? And where does Paul Keating’s famous quote of “a beautiful set of figures”, probably more relevant to the ASX, come into it? + +Is there beauty in numbers? Is 5 more beautiful than 3? Is 8, of the shapely hourglass figure, more beautiful than the slender 1 or the obese 0? What is more beautiful, the smoke haze of the 420 gag or the titillating 69? Is 2 better than 1 when it comes to beautiful members of your preferred gender? (Not necessarily, threesomes can be awkward). Why was 6 afraid? Because 7 8 9! + +But, as my year 12 English teacher said, “Rosencrantz1710 needs to focus on the task at hand”. So, today in the unlucky 13th part of this occasional series that attracts about as many upvotes as the meme I posted last Friday but with much more effort, I want to test the hypothesis that a ticker with a number in it is just a dog stock in the making. + +**Disclaimer: numerology is no basis for investment decisions** + +Given this is focused on trying to work out whether numbers have an influence on share price, we are now in the realm of numerology intersecting with share trading. Not technical analysis, actual numerology. It’s even worse. + +If you actually think numerology is a suitable basis for determining whether you should buy or sell a stock, go right ahead and do it; it sure as hell isn’t my fault if you do. DYOR GALAH 3.141 + +Also, the data here could be wrong or I could have done this entirely incorrectly, because I am no smarter than you lot at any of this. I do things like incorrectly calculate change all the time because of my *unique and quirky* way of mentally calculating these things. Just ask the customers regularly short changed at my first retail job. + +**So how are we going to figure out whether astrology is relevant to stock picking?** + +That’s such a Sagittarius thing to say, because we were talking about numerology, not other things that I used to read about in my Mum’s copies of New Idea when I was a kid. + +(Do they still do a feng shui column in there? My Mum got a bit worked up at one point about our dunny being aligned with our front door which is apparently financially bad, but it was a house in Sydney so let’s be honest, she’s done allright in the long term. But maybe if your stocks keep losing money, consider putting a red ribbon in your dunny doorway or around your Z1P investment to mitigate negative energy or some such). + +There are 2,112 individual tickers on the ASX, according to the ASX. And I think they would know that, so I am going to take their word for it. + +I’m a busy guy so I automated the search for tickers with numbers, sort of. By using this convenient and easy to remember Excel formula: + +=SUMPRODUCT(LEN(rng)-LEN(SUBSTITUTE(rng,txt,""))) + +…you can count instances of a specific character occurring in a range. So you use that formula ten times, substituting “txt” for a number, and then add it all up. + +(If you want to know how this works in detail, I got it from [Exceljet](https://exceljet.net/formula/count-specific-characters-in-a-range) and I owe them a beer for making this easy. If Exceljet sell shares, you should buy some). + +Doing this, I can tell you that there are 188 instances of numbers occurring in ASX tickers. But that’s not necessarily 188 tickers with numbers in them, because there are some instances of there being two numbers, such as in **88 Energy Limited (88E),** or weirdly, **92 Energy Limited (92E),** which is obviously four energy better than 88E and is therefore more deserving of being a meme stock around here. And there’s the all numerical **Life360 Inc (360),** which is the only instance I could find of an all numbers, no letters ticker. + +I didn’t go through all 2,112 tickers to eliminate all possible double counting but we’ll eliminate those that appear early in the list because they start with numbers, including **29 Metals Limited (29M)**, which sounds like something from the old ICQ/MSN Chat days (29M and you? 13F you say? Oh shit, bye) and **99 Loyalty Limited (99L)**, which I presume sends you 99 red balloons if you are sufficiently loyal and also a fan of 1980s German pop music. + +So that leaves 183 numerical tickers, probably fewer, but that’s a good enough number for our purposes. That means 8.7% of the ASX has a number in its ticker. + +**One is the loneliest number** + +Maybe for you on a Saturday night, Romeo, but not on the ASX, where 1 is actually the most common number to appear in a ticker with 72 occurrences. Now, recent comments suggest people get a kick (or a feeling of existential dread) out of this series mentioning stocks they own. So a shoutout here to **AIC Mines Limited (A1M),** which I hope is doing better for you than **A2 Milk Limited (A2M)** \- one of 28 tickers to have 2 in it, making it appropriately the 2nd most common ticker number. (A1M by the way is doing waaaay better than A2M, so less milk and more mining I say). + +3 occurs 20 times, but 4 only occurs a mere 7 times. That however does allow me to again mention **4DS Memory Limited (4DS)**, which I understand some of you find triggering so off you go to a safe space, and also **4D Medical Limited (4DX)**, which I guess allows for medicine across four dimensions, if that’s a thing. + +5 occurs an appropriate 5 times, with 6 being slightly more popular at 10 instances, and 7 being pretty uncommon with only 4 hits. There are also no tickers starting with 6 or 7. + +So you reckon 8 might be a lucky number though, according perhaps to the Chinese tradition? The ASX agrees with you, as 8 appears 30 times including in subreddit fallen favourite **Digital Wine Ventures Limited (DW8)**, and a company which is perhaps having an each way bet on being lucky or not, **Black Cat Syndicate (BC8).** + +This one intrigued me particularly – it turns out to be speccy gold mining outfit based in WA, of fucking course, but the company’s own website has this [absolute gem of a discussion](https://www.blackcatsyndicate.com.au/about-black-cat-syndicate/the-name/) about the name: + +*“The name Black Cat Syndicate has generated amazing interest. Described as an “unusually named company” our name sticks in the minds of investors in an increasingly crowded space.* + +*There are many superstitions about black cats stemming from the Middle Ages. However, the ancient Egyptians revered both black cats and gold. Similarly the Chinese. Contrary to superstition, many historic, high grade gold mines around the world have been named “Black Cat” – possibly reflecting a touch of irony by the old timers. One such mine was the successful Black Cat gold mine at Mt Magnet, Western Australia where one of our directors, Alex Hewlett, grew up. The name was reinforced when a large black cat ran in front of our vehicle (without injury) on our initial trip to the Bulong Gold Project.* + +*The Black Cat name was coupled with “Syndicate”, commonly used by groups funding the early exploration and development of gold ventures in Australia.* + +*Our ASX code of BC8 is also built around a luck theme with “8” being lucky in Chinese culture.* + +*So “Black Cat Syndicate” is a play on good luck – for our investors and us. We have coupled this with a dose of respect for the early financiers that boldly made the Australian gold industry what it is today.”* + +Having said all that, BC8 is down 21.43% for the year, so maybe they’ve also been walking under ladders. + +9 gets used 10 times, and zero apparently appears only twice – once in the aforementioned 360, and if you’re the first commenter to reply with the other one, I will donate a crisp 20 to the registered charity of your choice. (I actually don’t know what it is, and I want someone else to do the work of finding it). + +**Yeah yeah, you’re a regular Count of Sesame Street right here. Is they is or is they ain’t dog stocks?** + +Here’s how I worked it out. We now know that 8.7% of tickers have a number in them, more or less. + +I figured that the worst performing 10% of the past year was a reasonable place to draw some conclusions – that is, the 211 companies that suffered the greatest percentage decline in their share price, without ending up being delisted etc, because too hard. + +Then I went through that list and manually counted the ones with numbers (because I'm a busy guy, as I said), and… + +**Tickers with numbers in them are notably overrepresented in the bottom 10% worst YTD share price performers.** + +I counted 28 of them in the bottom 10%, for a representation rate of 13.3%. + +Is that statistically significant? If I’m honest, calculating that properly would bring back bitter memories of having to do first year econometrics twice, so I’m not that keen to go figure it out. But instinctively, I would suggest that on a sample size of just under 10% of the ASX, the representation rate being 1.53 times the overall representation rate is meaningful. A quick hunt around online suggested that my sample size was about right for a 5.5-6% confidence interval in this case. If you have the time and knowledge to work this out properly, please do. + +However, I’ll note that a number ticker is not the worst or even second worst performer of the year – but it is the third worst, with **Sensera Limited (SE1)** being down 84.5%. What does SE1 do? + +*“The Company designs and manufactures MicroElectroMechanical Systems (MEMS) and sensors for applications that improve the way things are done.”* + +What…everything? All things? How can a company improving literally everything not be rockets right now? + +**What about the reverse? Are tickers with numbers underrepresented in the top 10%?** + +Same methodology, same potentially slightly inaccurate manual count, but this time, the top 211 performers of the past year. + +16 tickers with numbers appear in the top 10%, for a representation rate of 7.6%. + +**Tickers with numbers in them are slightly underrepresented in the top 10% YTD share price performers, but perhaps not dramatically so.** + +However, I will note that it wasn’t until we were past the top 100 that numbers stated to appear relatively frequently in my manual count, so that might be something. For the first 100 or so, I was starting to think there looked like being significant underrepresentation – so I counted just the top 100, and: + +**Tickers with numbers in them are notably underrepresented in the top 100 YTD share price performers.** + +I counted only 6 of them, when there should have been 8 or 9 to be relatively represented – and the first one doesn’t appear until **Complii Fintech Solutions Limited (CF1)** at #9, who have got the Fin part of Fintech absolutely-bloody-nailed with a 1525% YTD gain. + +**Numbers are a funny thing.** + +Yes, and it gets better. Because I’ll leave you with these two final observations. + +The 88th best YTD performer, as of 7 December 2021 when I’m writing this, is **88 Energy Limited (88E).** I counted several times to be sure. + +And…you will think I am making this up, or that I did this on purpose, but I’m not, and I didn’t. + +The universe has provided me with this simply spectacular link to a longstanding company of interest. A veritable linchpin of this series. The subject of many a discussion to date, and perhaps emerging meme stock, if I may be so bold. + +You know how I drew the line at the top and bottom 10%, which encompassed 211 companies at either end of the spectrum? + +The 211th best performing ASX company over the past year has been… + +**Queste Communications Limited (QUE)**, up 103.7%. Somehow. + +There’s no better place to end than there. Until next time, astute investors, may your numbers be green, getting larger, and ideally in multiple digits. +I've seen a lot of posts asking if there's still fuel in the rocket, the good buy in price, how long it will moon etc etc. + +If you haven't, please read my DD post on brainchip. + +The deals predicted there are starting to come through. With each new partnership we are seeing a 20c increase, and even on no new announcements in the last dew days, the share price is increasing dramatically. + +When we get the announcement that the chip is working (this week in my opinion), the stock price is going to hit $1. +After that, as announcements, partnerships, and orders come through, we will see this stock price reach rediculous heights. + +Genuinely I believe $10 by next Christmas, however I though originally $1 by THIS Christmas, and that's definitely going to get blown out the water. + +The potential of BRN is quite literslly limitless. + +So, when to sell? + +At least 12 months time. You guys have to diamond hands this shit like nothing before. Because it WILL keep rising, and you WILL lose out on profits. + +To those who already sold, have a serious think about buying back in. + +For everyone else, hold 12 months, not only for the 50% off at tax time, but to see the unbelievable potential of this company. + +May our lord and saviour Peter rain tendies upon thee. +So you degenerates have been busy again. + +&#x200B; + +Mods are unsure exactly how much psychological damage was inflicted on our users due to Mondays **ASX** debacle, but the odds are good it was one of you lurkers that did the deed.... + +&#x200B; + +Before you all ask, yes we have some bans resulting from the Election Mega threads. + +Honestly though, deciphering some of the garbled rhetoric in those threads was a fucking challenge. + +Y'all some opinioned MOFO's, but we love your demented ramblings and crazy diversity. + +Those bans **will come due**, but we ain't touching that until it's all over, whenever the fuck ever that may be. + +&#x200B; + +&#x200B; + +**FAIR WARNING** \- Post **ANY** more election comments on this thread at your peril. + +&#x200B; + +&#x200B; + +We have a few noteworthy mentions here and then lets get into the juicy that is coming up. + +&#x200B; + +&#x200B; + +Before we hit the Bans though, a moment to congratulate u/minskins & u/Arandomfitguy. + +Both made moderately big dick claims on [ADN last week](https://www.reddit.com/r/ASX_Bets/comments/jtco01/its_been_a_good_day_adn_gang/?utm_source=share&utm_medium=web2x&context=3) and both provided proof when asked. + +Enjoy those gains and your shiny new Flairs you Mad-Lads.... + +&#x200B; + + [u/meragy](https://www.reddit.com/user/meragy/) dropped 40K into a [NSB YOLO](https://www.reddit.com/r/ASX_Bets/comments/jvplzp/just_dropped_40k_on_the_ultimate_biotech_gamble/?utm_source=share&utm_medium=web2x&context=3). + +This post generated some decent discussion and counter points, showing just how diverse opinion can be on speculative Bio-Tech Micro's. + +The winners are out there, but you have to know what to look for. + +Will this **YOLO** be a winner? + +We wait with bated breath................... + + + +Also a shout out to [u/pricklyapple12](https://www.reddit.com/u/pricklyapple12/) , a little bit of [Loss Porn](https://www.reddit.com/r/ASX_Bets/comments/js31wm/anyone_lose_40_of_their_portfolio_today_just_me/?utm_source=share&utm_medium=web2x&context=3) goes a long way. + +&#x200B; + +&#x200B; + +**BANS:** + +&#x200B; + +&#x200B; + + [u/brettthehitmanhart](https://www.reddit.com/u/brettthehitmanhart/) got in the ring and started sprouting they made [100k profit this year](https://www.reddit.com/r/ASX_Bets/comments/jqydbz/for_everyone_here_that_has_purchased_the_last_few/gbs3bdt?utm_source=share&utm_medium=web2x&context=3). + +Proof was requested multiple times and in what has become a tired sequence, no proof was delivered. + +They didn't respond for a while, then shit escalated when they sent a private message essentially saying ''*I don't need to prove shit*'' and a spicy little personal insult. + +Now, Mods do understand that it can get a little awkward when we call people out on their fantasy stonk gains, but insulting messages on a weekend really is a bit much. + +So it's time to depart [u/brettthehitmanhart](https://www.reddit.com/u/brettthehitmanhart/), spandex is generally on sale at Christmas ( *~~so I've heard?~~* ) if you are looking to re-purpose those alleged gains. + +You've potentially tried to Con the simple folks at r/ASX_Bets and besmirched the good name of a wrestling icon. + +&#x200B; + +The Hart foundation would be ashamed. + +&#x200B; + +&#x200B; + +https://preview.redd.it/v8mixhjk3bz51.png?width=708&format=png&auto=webp&s=99000e62402981b60e6d9c179ea3f202541ce265 + +&#x200B; + +&#x200B; + +&#x200B; + +**RMX** dealt u/chanticleer85 a cruel blow, finishing 0.001 above open to deliver a weeks ban for [betting it would close in the red.](https://www.reddit.com/r/ASX_Bets/comments/jvpajd/daily_thread_for_general_trading_and_plans_for/gclf1xq?utm_source=share&utm_medium=web2x&context=3) + +In fairness though, this was almost a self-sacrificial Ban, they desperately wanted their fellow Autists to make sweet tendies and figured a little reverse psychology Voodo might do the trick. + +&#x200B; + +Drill result gang salute you. + +&#x200B; + +&#x200B; + + [u/l8sz](https://www.reddit.com/user/l8sz/) said they would [YOLO 20K into the highest upvoted Stonk](https://www.reddit.com/r/ASX_Bets/comments/jtu6hr/20k_yolo/?utm_source=share&utm_medium=web2x&context=3) on their post. + +Enter **ZIP.** + +User messaged and admitted they simply couldn't do it, and bought **4DS** instead. + +So, on the one hand we will congratulate you on a wise purchase, but on the other hand a deal is a deal. + +See you in 3 months, yet another **ZIP** statistic. + +&#x200B; + +&#x200B; + +&#x200B; + +**COMING DUE:** + +&#x200B; + +&#x200B; + +Come the end of November we have an event to remember. + +In the murkiness of r/ASX_Bets past, **BRN** arose on the sub to a plague like proportion, led by the failed puppet Messiah Melvin. The other **BRN** prophets escaped Melvin's fate, but the legacy lives on in the form of u/Whichers. + +This user is the proud owner of possibly our most worrying Flair and the [infamous brain bet](https://www.reddit.com/r/ASX_Bets/comments/iuury5/im_back_baby_double_or_nothing/?utm_source=share&utm_medium=web2x&context=3). + +Now, it is theoretically possible that **BRN** will reach the bet breaking price of **0.65** before the end of the month. + +Theoretically. + +In the event that it doesn't, Mods will be in contact with u/Whichers to organize you degenerates a truly grotesque spectacle. + +There have been some seemingly legitimate health concerns raised over this bet, rest assured these will be kept in consideration whilst not undermining the perverted disgusting-ness of this task. + +&#x200B; + +&#x200B; + +**COMING UP IN DECEMBER:** + +&#x200B; + +&#x200B; + +It's going to be a busy month, that's no lie. + +A whole pack of you Autists must be in the festive mood, because we have the following to look forward too as stonking stuffers for the holiday season. + +&#x200B; + +\- We have a new **Perma-Ban** bet running from u/Vulpes-corsac. + +Why is it people seek a lifetime ban after a conversation with a hairy bear? + +Anyhow, this user states that if [EM1 hits 0.14 by New Years they will depart on a Perma-Ban.](https://www.reddit.com/r/ASX_Bets/comments/jv1kc5/what_it_must_have_felt_like_buying_em1/gch08xf?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + + + +\- The spicy chicken wing crew will be sending tendies across the nation, [betting that](https://www.reddit.com/r/ASX_Bets/comments/jeii88/where_to_buy_shorts/?utm_source=share&utm_medium=web2x&context=3): + +On **Thursday the 24th of December** (last trading day before Xmas), based on the price of **APT** at close: + +If above $100 - [u/archbishopofoz](https://www.reddit.com/u/archbishopofoz) buys [u/itsdankreddit](https://www.reddit.com/u/itsdankreddit) 10 Wicked Wings + +If below $100 - [u/itsdankreddit](https://www.reddit.com/u/itsdankreddit) buys [u/archbishopofoz](https://www.reddit.com/u/archbishopofoz) 10 Wicked Wings + +&#x200B; + +Don't forget, the loser also has a week on the sidelines. + +It's also traditional for the winner to make a ''**Tendies Received**'' Shitpost. + +&#x200B; + +&#x200B; + +\- We still have [HAIR OF THE DOG](https://www.reddit.com/r/ASX_Bets/comments/jabega/hair_of_the_dog/?utm_source=share&utm_medium=web2x&context=3) running with [u/T3MUR](https://www.reddit.com/u/T3MUR/) and [u/nottherealmalhotra](https://www.reddit.com/u/nottherealmalhotra/) , coming due **31/12/2020** + +Strange that potentially consuming pubes and wine seems perfectly reasonable to everyone, but brain eating has caused a big old kerfuffle. + +&#x200B; + +&#x200B; + +\- [Our Nude run](https://www.reddit.com/r/ASX_Bets/comments/iik6o6/sezzle/?utm_source=share&utm_medium=web2x&context=3) is looking more and more ominous, [u/alimessimourad](https://www.reddit.com/user/alimessimourad/) , **SZL** to $13 by Christmas has about the same % chance as you not being unseemly violated during your nude run around the [Opera House](https://www.sydneyoperahouse.com/) on **New Years...** + +&#x200B; + + + +\- [u/theautistikinvestor](https://www.reddit.com/u/theautistikinvestor/) is still tracking with **ZIPPY**, running the theory that it will [be outperformed by ANZ over the next 3 months.](https://www.reddit.com/r/ASX_Bets/comments/jkg37k/the_nasdaq_was_green/gaja3ka?utm_source=share&utm_medium=web2x&context=3) Or a 3 month Ban. + +Give us an update of your progress in the comments section please [u/theautistikinvestor](https://www.reddit.com/u/theautistikinvestor/). + +&#x200B; + +&#x200B; + +\- Perpetually confused [u/ItIsYeGiraffe](https://www.reddit.com/u/ItIsYeGiraffe/) cums due on Christmas, with the other **ZIPPY** claim when they [said ZIP will hit $10 by Christmas or they will fuck their own Dad.](https://www.reddit.com/r/ASX_Bets/comments/jfqxzc/dw_z1p_to_the_moon_10_by_xmas_haha/g9lxwjl?utm_source=share&utm_medium=web2x&context=3) or a 3 month Ban. + +All Daddy wants for Christmas is a **ZIP** rocket. + +All other rockets to remain sheathed. + +&#x200B; + +&#x200B; + +\- [u/plucky26](https://www.reddit.com/u/plucky26/) & [u/fahrenheitc](https://www.reddit.com/u/fahrenheitc/) are still locked in a battle over the [ICI market cap.](https://www.reddit.com/r/ASX_Bets/comments/jiap0d/daily_thread_for_general_trading_and_plans_for/ga5e826?utm_source=share&utm_medium=web2x&context=3) + +The Due date for this is **December 20th**, can one of you Autist's give us an update in the comments, although from my limited googling this one looks to be done and dusted. + +&#x200B; + +&#x200B; + +Also, while I remember, a bunch of you autists owe u/atayls beers. + +Own up below and save being hunted down by said Hairy Bear, it's coming into summer and those fuckers get nasty when denied their Peroni... + +&#x200B; + +( u/atayls, turns out I did mention it.... + +*Damn I should have taken your bet*...) + +&#x200B; + +&#x200B; + +That about wraps it up for now folks, how do you say that in Greek? +I’ve just made my final voluntary payment, which will clear my HECS. It will obviously take a few days for the balance on ATO / MyGov to be updated, but what happens once the payment is processed? Do I get a notification or something? +I can appreciate the hustle to a point because I work in real estate but despite the fact that Im on the do not call registry I get calls and texts everyday. Its incredibly annoying and Id love to ha e one day where someone wasnt trying to buy my house. Any suggestions? +I owe about 155k or so on a rental property that I currently charge about $2700 a month. Have just under 10 years left on the loan until it’s paid off. I’m just wondering if it makes sense to sell a stock that I’ve made significant gains on (~120k), to pay down the loan and get it paid off quicker. It’ll take a few years (maybe 4-5) to make back what I put down..obviously I would be increasing the rent over time as well. + +Would this make sense, or should I just leave it as is and do something else with the stock gains. + +Edit: I’m mid 40’s, current rate on rental is 3.625%...I appreciate all the comments and feedback. The more I’m reading the more it doesn’t make sense to pay down/off the loan. I’m considering taking out a Heloc on the property and purchasing another rental as well. + +Edit pt2: the stock in question is a FAANG stock, I’m currently up about 150% on it overall. The home was purchased in 09 for 328k, refi’d a few years ago to a 15yr, its now down to 155k or so with just under 10 years to go. Currently homes are going for just under 600k in the area (SoCal). I know that I would take a hit on capital gains (long term). I don’t know what to do..leaning towards just doing the Heloc and buying another property. +**Background:** I achieved FI (chubbyFIRE target) two years ago in my mid-40s, working in the SF Bay Area in biotech. One year later, I handed in my employee badge and drove out of the company parking lot, almost certainly bringing my 20+ year career to an end. A few weeks later my family moved to the Central Coast of CA. Now twelve months after leaving my job, I found it a useful exercise to reflect upon what I've learned along the way. I'm hopeful that someone might find my experience useful. + +After a year I still generally avoid the term “retirement” or I place it in quotes as I’ve done here. At my age, I still think it unlikely that I’m completely done with all things that could be termed “work”. It is true that I leveraged reaching FI to step away from the only career I’ve had – and still have no intentions of going back. But it’s also entirely possible that one of the many ideas I’m exploring could turn into gainful revenue generation. Who knows? That flexibility is exactly what I was targeting with my FIRE journey. That said, I can’t imagine myself schedule-bound to an office job at someone else’s company. 🤮 It seems more likely with each day that this will continue to be the case. Right now the only thing I do that could be called "work" is pour wine one day a week at a local winery tasting room. It's super fun and that's why I'm doing it! - it's just a little fun money, really. My budget assumes no non-investment income. + +Without further ado and in no particular order… + +**Lessons learned in year one:** + +* It can be very difficult to resist the temptation to fill all your time with “stuff”. Our careers train us in this way and it takes active effort to get comfortable with anything else. But I think that having truly “free time” is **vital** to allow the creative process to happen! +* Like any big changes, leaving your career behind is an emotional roller coaster with many highs and lows. You can’t truly prepare for that, short of just being cognizant that the mental churn will happen and is **completely** normal. It’s really important to reflect on what you’re feeling. Journaling or blogging can help! (I won't self-promote here but I've found the latter **so** useful.) +* Talking openly with your partner & family is **really** important. Sharing the emotions you’re feeling helps everyone. After all, they are going through this huge change with you! Keeping it in will only create tension that helps nothing. Ask them how things are going now that you’re around so much more and see if anything needs to be adjusted. +* If your identity is tightly wrapped up in your former job as is common, it will be a **substantial** change when this is removed. Thinking about your purpose and what defines you and is important **now**, is really useful. What is your next phase of life going to be about? +* Don’t fear trying things and setting them down. This is the very heart of having the freedom to choose how to spend your time. If like me you have many interests, it’s perfectly OK to try them out only to decide “that’s enough for now” or “I don’t actually want to do this”. +* Related to the above – it’s important not to pressure yourself to find “the next thing to do”. At least in my case, this created stress in the first few months. Financial independence means that additional income – while nice, is not required. Your time is better spent exploring, from which may spring that next great idea! But don’t rush into anything hastily. +* As many will agree, it can be **really** tricky talking about FIRE and early retirement – particularly with people you’re meeting for the first time. Admittedly I often tell people I am a consultant. Yes, it’s a total cop-out, but it works before I get to know someone well. It’s worth thinking through how you will handle this in advance. You’ll get **lots** of practice, I promise you. +* The things you miss about the workplace may surprise you. Giving some thought to this before you depart may help you identify other ways to satisfy those needs – but it won’t be perfect. Again, this is just part of the emotional roller coaster that will surely come. +* Many workplace friendships are just that, and they won’t all persist after your shared work life is no longer there. COVID + moving certainly didn’t help in my case as visiting people wasn't an option and Zoom meet-ups are only so effective. But I am convinced that many relationships at work are very much tied to the workplace itself. This is perfectly OK! +* On a related point, it’s easy to under-appreciate how much socialization occurs at work. What will you do during those weekday “working hours” while your friends are busy? Finding appropriate avenues to engage with others is still really important. Clubs, civic groups, volunteering, and other means to find like-minded people is important – particularly if you relocate in retirement, as I did. Pouring wine one day a week is proving to be fun for me and plenty social! +* Lots of people make bucket lists of big and small things they intend to do once they retire. I have found since leaving the workplace that I continue to generate ideas of things I might like to do. I keep these out of sight (I use Notion) in an “idea funnel” that I revisit from time to time. It’s fun to see how my thoughts change about prioritization; there’s also no pressure to feel like it is a “to do list” that I must achieve. This subtle difference feels really good to me. +* Building skills and “making” things are **really** effective ways of continuing to challenge yourself, to keep learning, and also to feel productive. They are also great mechanisms to unearth potential business opportunities or at least new hobbies and avenues of personal entertainment. Knocking procrastinated chores off your to-do list only lasts so long! +* Just because someone is willing to pay (a lot) for your expertise doesn’t mean it’s the right thing to take on. I’m grateful to have been presented many consulting opportunities over the last year. While tempting, I’ve had to be **really** careful about not over-committing at the peril of being unable to do all the other things I want to do! These days I'm not doing any consulting at all. It just doesn't fit what I want to do presently. Be sure to choose wisely. +* The freedom gained via FIRE has proven to be **well** worth it! I love being able to choose how to spend my time. I can’t count how many times I’ve woken up with zero plans and at the end of the day realized what a fun day I had, just taking things as they come. My wife is much more spontaneous than me and I’m **finally** starting to understand the joy in this. +* On a similar point, I’m **really** excited to finally get the chance to test out our interest in longer term travel. This summer we’ll take a five-week trip to visit family and friends. Like most Americans, we’ve never been away more than two weeks on vacation. It’s a little scary, but almost entirely in a good way! + +These are merely my observations from my own experience. For sure, there is not one “right way” to do this. From talking to others in this community or elsewhere, whether in FIRE or traditional age, retirement is definitely individual. We each have our own goals, our interests, and our individual preferences. I do think many of the points herein apply broadly. But we each need to determine what is important to us and how we will spend this next phase of our life. + +I hope you’ve found this useful! It's been really helpful reflection for me. I remain incredibly grateful to be in the position I am. It is my earnest hope that in sharing my experiences I can assist others in their own journeys. Thanks to all in this sub and others from whom I learn much each day. Best wishes to you all! + +\--- + +EDIT: **Wow!** I never would have anticipated this kind of response to my post. I'm so grateful for all the kind words, questions, and feedback that have been shared. Engagement with others on the FIRE path is one of my true passions in the moment. I've so enjoyed these exchanges and I'll do my best to keep up with responses to any future comments. At the suggestion of several of you, I have created a sub for my YT channel. Please feel free to check it out if you're interested in following my continued journey. I'm very interested in helping others to the very best of my ability. Thanks! [https://www.reddit.com/r/TwoSidesOfFI/](https://www.reddit.com/r/TwoSidesOfFI/) +Beginning traders try to over complicate their trading by adding a bunch of indicators, a ton of criteria, watching and analyzing 50 stocks at once, putting up 4+ monitors, and just adding a ton of flack to make it seem like they are doing something "advanced" so it justifies trading as an actual career. + + What they fail to notice is that all this does is just adds noise to their trading and causes significant mental burnout. + +The best trading strategies all have these things in common. + +- Volume + +- Price + +- Key Levels + +- Trend + +Focus on the basics and try to simplify your trading. +Less is more. +Beginning traders try to over complicate their trading by adding a bunch of indicators, a ton of criteria, watching and analyzing 50 stocks at once, putting up 4+ monitors, and just adding a ton of flack to make it seem like they are doing something "advanced" so it justifies trading as an actual career. + + What they fail to notice is that all this does is just adds noise to their trading and causes significant mental burnout. + +The best trading strategies all have these things in common. + +- Volume + +- Price + +- Key Levels + +- Trend + +Focus on the basics and try to simplify your trading. +Less is more. +\*\*\*UPDATE\*\*\* TREND CHANNEL TRADING + +A Strategy to Overcome PDT Rules + +@ Yeezy\_Trades + +&#x200B; + +This is an update to my post from this past weekend.. You can find it [here](https://www.reddit.com/r/Daytrading/comments/ltuym7/trend_line_channel_trading_a_low_risk_high_reward/) Since making that post I have received a ton of responses, some great, some horrible. I have had people tell me I got lucky, that I am a fraud, that I should sell this as a lesson, that they would pay me to trade for them, or pay me for one on one lessons. Which I will never do. Anything I post on here relating to this strategy is free. I just want people to stop with the bad trading habits and actually find some success. Nothing else feels better, I promise you. + +One more thing, If you have not read the original post this is just going to be a bunch of pictures. You **must** read it first to understand what I'm talking about. (It'll take about 4 minutes to read - please upvote if you do read it) + +&#x200B; + +You can also check out my Twitter, @ Yeezy\_Trades , all of these pics and more are there as I tweeted them in real-time and narrated the market movements. + +&#x200B; + +[We had just seen a correction in momentum earlier as this bounces off 383.00. Momentum was to the upside but had found some resistance.](https://preview.redd.it/qayx95vi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=3330ded5a47abd13e62068adaa0b04968d48b548) + +&#x200B; + +[My pre-determined price target being hit](https://preview.redd.it/mh7fkavi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=ac9e82d367a44cb172ec83912c59463e7388eeff) + +&#x200B; + +[The bounce off the trend line](https://preview.redd.it/cky4dvvi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=96009ab315b9097ea9f4f2dff6cf452c9d152dae) + +&#x200B; + +[Resistance, watching for a reversal possibly](https://preview.redd.it/5q6kkmvi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=b4493e4e619ec892a91601a18b3f7f615b5ee4fc) + +&#x200B; + +[Upward momentum still strong enough to carry us up](https://preview.redd.it/npxqhhvi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=44d9a0b126333480a934561cef008a68b3875dbf) + +&#x200B; + +[I'm telling followers there is momentum to move up but some hesitation](https://preview.redd.it/vbl2bivi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=712b17402af7db222eef01dbe53158249d572d73) + +&#x200B; + +&#x200B; + +[Upward momentum continued until it hit previous resistance \(white line\)](https://preview.redd.it/7hwfsgvi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=d7461f287176b9d23a4b3d1eb3a0eb93fc7538b8) + +&#x200B; + +[Working its way back down to the lower trend line on the channel - It break, I tell followers the trend is broken](https://preview.redd.it/qyq9xgvi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=2956ee260816f91ea2924f4327772d3efb4832b0) + +&#x200B; + +&#x200B; + +[Price has bounced off the lower trend line on the new channel and is working its way up](https://preview.redd.it/tg6e4avi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=c0ad8268ed3259b35873e2bdff4dc6a22743795e) + +&#x200B; + +[Confirmation of the new trend line as it bounces around.. I tell followers it's a go.](https://preview.redd.it/39t2pgvi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=3b42d1f1bdc08b1422adf77057b63515eb46b577) + +[Me calling the downtrend target \(I was incorrect\)](https://preview.redd.it/ui0jogvi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=1fb491f8045b96eee4e96b1e8d406795b088e395) + +[A resistance level I did not see, it was pretty stout. ](https://preview.redd.it/cqngkgvi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=6e32bf792422d94a10863a86c55a1e71ca907064) + +&#x200B; + +[New trend line I have mapped out but isn't confirmed yet.](https://preview.redd.it/i9xlu4vi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=9179bff034907f746dce476a01acb97fac320cc4) + +&#x200B; + +&#x200B; + +[Downtrend continues and I have determined a new price target \(green\). I marked the old one as orange, to keep me honest.](https://preview.redd.it/9nlejmvi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=447b004620e6b341b4ec63e4f7c11e99657dcdcf) + +&#x200B; + +[Watching indicators just to get a little extra confirmation](https://preview.redd.it/rbuo4evi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=d997d0cda915a3a09147298f1611cef40e33bc8c) + +&#x200B; + +[Oh we are getting close...](https://preview.redd.it/kcbalbvi2xk61.jpg?width=3520&format=pjpg&auto=webp&s=2c77f8361f88d3b64c6e205e619bada4a941e811) + +&#x200B; + +[That counts! But it isn't what the strategy is talking about. We want trend lines.](https://preview.redd.it/ip20xgrw3xk61.jpg?width=3520&format=pjpg&auto=webp&s=829d79cdb5013dec1f2028769f511b5ded43191a) + +&#x200B; + +[Eeek Eeek...](https://preview.redd.it/tajbquqw3xk61.jpg?width=3520&format=pjpg&auto=webp&s=16e9fd651fc30c98d81acfcdf9deb98c4b8599bb) + +&#x200B; + +[Bangerang. ](https://preview.redd.it/3bros6rw3xk61.jpg?width=3520&format=pjpg&auto=webp&s=148fe22ae98ea1be479e9958448a20a1e8df4741) + +&#x200B; + +Ok so that's a lot of pictures just to basically walk you through what I am telling you can work and will work. Charting is a powerful tool. And what is beautiful about it is that any monkey with an internet connection can do it. + +&#x200B; + +A few disclaimers.... I will NEVER ask you for money, I will always answer your questions. I will do whatever I can to help you understand what I am seeing and why it works. + +&#x200B; + +Thanks again for the read, I hope you enjoyed it. I will continue to post to my twitter and work out some material that will help my followers better understand. Next on my list is how and why I pick a particular strike. + +&#x200B; + +As always, IF YOU HAVE QUESTIONS JUST MESSAGE ME ON HERE OR ON TWITTER... + +&#x200B; + +Update - I have received way more responses than I ever imagined. I am trying my best to keep up with it all but if I miss you don’t be afraid to reassert yourself. + +\-yt +This may not be the first time this is asked, may not be the last. But that doesn't mean that every time it creates an interesting exchange. +For as long as I can remember, my mind has been on 'saving' mode. Sometimes I forget that money can be spent, and that is not usually a healthy thing to happen. We should live in moderation and find a balance. But I know I am not the only one to sometimes lose it. I sometimes struggle between accepting the buying of 'stuff' as something acceptable - but I have fewer issues when eating out or taking an Uber Black instead of a normal one. +I am on my way to FIRE. Currently 33 yo with a SR of 66% and a NW of ca. 600k. At this rate it may be possible before I turn 40, but I'm not trying to fix a date. + + +I'd like to know, not how you 'splurge' but what you do/buy/allow yourselves in order to stay sane. I hope it's ok to ask this here! Thank you all! +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) + + +my friend is SO CONFIDENT IHL will hit $2 MINIMUM in the future. he is very certain with this. the company is only succedding with their research and drugs. should i believe my friend . he also claims to have 160 IQ. + +do i sell my car for 20k and go for it. is IHL a good investment +Unless your head is under a rock or you’re holding on to KNI thinking it will “be the next VUL” it’s time to jump on the #uranium train to make some serious fast cash + +1. Spot price climbing every day + +2. Sprott hoarding as much U as possible + +3. Nuclear reactors getting turned on around the world + +4. True clean green power to the grid + +5. Power shortages with the EV boom + +6. Last Bull run saw stonks go x100 & x1000 🤑 + +7. Shortage of U is starting a squeeze + +8. Elon supporting nuclear + +9. 🚀 🚀 🚀 🚀 🚀 🚀 🚀 + +WHO YOU GOT? + +I’m balls deep in Peninsula. +USA largest producer on standby. Debt free, fast to market with unique low PH product. +Team running the company was behind Paladin during their +x 1000 run 🍆 💦 🦍 +[Don’t pay your mortgage, urge climate activists](https://www.thetimes.co.uk/article/dont-pay-your-mortgage-urge-climate-activists-s83bzjwzr) + +&#x200B; + +Please, Please do not do this. +I have some questions about legitimacy of the e-Residency. Imagine you work for an spanish company, and while you work, you are having some good savings. I don't want to quit my job, just wanna save more efficiently. + +My long term goal was to open a small Limited Liability Company to keep my net worth secure (at the moment, this is irrelevant as I have a very small net worth, just planning for the future). My idea was to invest around 30-40% in real estate in Spain, and the remaining in US and European Stocks and a little in crypto. + +As my company will be mostly working in foreign markets, is it legal to use an Estonia Company to handle all the activity? + +I am aware that that I will have to pay the personal income in Spain, but as I don't want to gain any money for the moment, that's not concerning. + +Am I missing anything? +I am a young programmer living in Poland and for some time I was looking for remote jobs abroad. I found one in Norway, they are interested in me and soon I'll be discusing our contract, but I don't really know how such contract will look like considering that company doesn't have entity in country of my residence. Can you explain to me what are the options of such employement, what to be aware of and how careful I should be not to do something stupid? + +I am really sorry for low quality post. I know absolutely nothing about options of such employment. +What do you think are the most stable, best dividend stocks that someone should have in their portfolio if they believe the market might crash again in the next 1-2 years? +Hi, lovely people. + +I see that the stock prices are keeping on falling down due to "inflation worries". +What generally happens to stock market (growth stock, dividend stock, etc) during inflation that might come? +I guess I should just hold on to my stocks? I have +$IBM, $AAPL, $AMZN, $BLK, $D, $TBLT, $RJF, $BP +Trying to leave politics out of it- but can someone ELI5 what a higher tax rate on the super rich would mean for the economy? I read that Warren’s new tax plan would cost Bezos several billion dollars. + +I know bezos doesn’t have like billions in cash- so I’m assuming he would need to liquidate some of his portfolio to cover a higher tax bill. + +What would be the effect of the super rich pulling their assets out of the stock market in this manner? + +Thanks. +Apparently someone bought multiple Iphone XS and opened an AT&T account in my name last month. I just received a bill with past due fees and it totals over $730. + +I have T-Mobile, not AT&T. What do I do now? + +Edit 1: I called AT&T and they confirmed it was fraud. Opened through a third party service online "Enjoy". They used full social and name/address. I also called my bank and put a secret codeword on my account. I've filed a freeze with experian and equifax. I'm working on Trans-union. + +Someone mentioned police report, is this really important? What is the purpose? What else should I do? + +Edit 2: I've filled a report through Identitytheft.gov. I'm keeping records on my laptop so I can access these things later to unfreeze my accounts and such. I'll try to pull another credit report tomorrow to check for fishiness. + +Thank you for the help! + +Edit 3: I've pulled my credit report and noted about 4 hard inquiries in the past week on Equifax. With "Frontier", "Comenity", "First Premier Bank", and another. How do I proceed with these? +Hi there, + +So I recently started investing (start of 2020) and have a few thousand in a Vanguard LS80, which I am making small monthly contributions to. + +I'm 22, earning a solid stable wage and will be intending to hold and contribute to my vanguard funds for many years to come - probably 15+ years. + +However, I'm aware that the LS80 has a weighting towards the UK and as a result I'd like to diversify as much as possible. + +I'm thinking of investing in an additional fund through Vanguard, which will hopefully provide a bit more global diversification. I.e. the FTSE Global All Cap. +The idea is that I'll contribute on a monthly basis to each fund. + +Is this a sensible decision? Or would I be better off selling my LS80 altogether and going for a combination of Global All Cap and then something else too? + +Any thoughts or recommendations are welcome! What does your Vanguard portfolio look like? Thanks :) +This was something new to me that I learned of a few years back — https://www.harborlifesettlements.com/4-ways-filial-responsibility-laws-can-affect-you/ + +I tried posting in a few other subreddits at the time, but never ended up with any meaningful discussion on the topic. + +In a nutshell, if your parents ran themselves flat broke because they were irresponsible - and yet you were very responsible and FIRE’d, your state may be able to come after your hard-earned finances too. Your parents credit card debts may not be able to be transferred to you, but depending on your state their medical costs potentially could. + +Has anyone consulted with a lawyer or trust attorney in order to build strategies to protect assets from these types of cases? I wonder whether certain asset classes are beyond reach - such as retirement accounts, and a home. + +I know a lot of people here are working hard to reach FIRE, and have some very smart ideas on how to get their and how to live on a safe withdrawal rate. But a $200,000 nursing home bill would probably blow a giant crater in most people’s plans ... so I’m curious to know if anyone had devised strategies to protect their financial futures as much as possible? +So I've bought in LRC token recently and I'm new to the crypto scene about 6 months in at this point. But my genx brain still can't comprehend the whole NFT thing. My reasoning for buying into LRC was a potential announcement of a partnership with GameStop. I have in a week tripled my investment but I'm now starting to think about the rug pull that you folks talk about. I guess my question is would and established company like Loopring do something like that? And also if LR and GameStop actually are able to apply nft technology to gaming would this not be a great long term hold? +I turned $200 into $20K since December. At What point do you guys Cash Out? I didn’t take my $100K Profit back in 2018 and told myself that I wouldn’t do it again, but here I am. I don’t know if this an addiction or if this just gives me a serotonin release (I’m convinced that Checking on the Portfolio release the Happy Brain Chemical haha). So seriously at what point should someone take profits? I got paid 2.15 ETH ($300) for a GPU back during The Summer and that turned into ~$4,000. Tell me your Opinion/Strategies and your thoughts. I’d love to hear some opinions and insights. I have no Bills or Debts or loans at this Moment in my Life. +So I'm earning around $90k after super and have enough of a deposit to put 20% down on a $650k property. +I'm going through the process of finding a suitable loan product with my broker they say they're having a lot of issues with my $130k HECS debt and I'll only be able to borrow around $400k. +This seems on the low side to me as I have no other debt. In initial talks with my local bank they said my large HECS debt wouldn't be a big issue and wouldn't massively impact my borrowing power like this. +Is my broker doing a poor job, or do I need to re assess what I can realistically afford? +ok, I work for FINRA, so let's get this straight. + +RC had access to non-public material information because he has been meeting with the board of directors over at BBBY. We all know this. He sent a rather poignant letter many moons ago. He even advised the share buyback. He also ~~owns~~ owned a substantial portion of that company in common stock. The options do not count towards his share count. + +In my professional opinion, and yes, it counts, because if this were ever to land in my arb room, I'd determine the same: + +RC is an insider at BBBY. That is why they submitted a form 144 and 13f to cover their bases. + +Done, now move on people. + +MODS, happy to verify if needed u/platinumsparkles can confirm my identity and position. +Let's assume you borrow money let's say for a mortgage an have a fixed interest rate of 1% for 10 years, and all of a sudden the inflation rate is 5%. Isn't this a great situation to be in for the mortgage holder? + +If so how do you calculate how much you are better off? + +Let's say I borrow 100k. Need to pay 1k in interest but in real terms 100k would be 95k because of inflation. So the 1k that I need to pay is better than the 5k that I lose right? + +Does that make sense at all? +First, my understand of inflation is that it is basically an economy wide increase in prices and a subsequent reduction in purchasing power. If this is an incorrect definition, please correct me. + +Also, I hear people always throwing around the term inflation talking about how this ecoconomic policy or that economic policy cAuSeS iNfLaTiOn. + +For example, Wage increases across the entire economy because auto workers became 4 times as efficient and now grocery store clerks expect a pay raise increasing grocery store prices isn’t generally considered inflation since it isn’t economy wide, but I’ve heard people say that wage increase cause inflation? What gives? Or another example, some say increasing the money supply increases inflation, but what if that money never enters circulation? + +But stepping back, what actually causes inflation? + +As I understand it, inflation happens when aggregate demand outpaces aggregate supply. Is that correct and how would this affect increases in money supply or pointed wage increases etc etc? +I recently graduated from Undergrad as an Economics major and have been lucky enough to gain employment at a company that allows me to utilize that same skills I learned in college. With that being said, I sometimes feel like I don't know a single thing beyond what I'm doing at work. For example, if I'm talking about monetary policy with a friend, I don't feel qualified to give an opinion on it because I have a tendency to forget a lot of the things I learned in undergrad and would rather take the time to refresh my memory in order to give a better statement. Is this imposter syndrome? Do other economist (can't call myself that unless I get my PHD) /Econ grads go through the same thing? +I'll give credit where it's due, especially to the apes who wrote all that beautiful DD. But beyond them, I gotta give credit to myself. + +- For taking the time to read all that DD, verifying it myself and believing in it. + +- For buying and hodling onto my stonks no matter WHAT the price said, especially during the craziest ups and downs. + +- Ignoring the immense amount of FUD coming from all directions. + + +and I'll especially be giving credit to myself for hodling through the MOASS. Avoiding all the pressure from friends, family, the media and myself won't be easy. I'm going Zero Dark Thirty when things start getting serious with the price. +TL;DR +45F trying to claim excessive, previously present damage in a very minor traffic incident against a young driver (M19) + +Hi everyone, +I’m looking for advice on what I can do next. + +In July this year, I (M19 on green P’s) was driving my ute (in Queensland) when a small plastic lid (weighing less than 300g) flew off the tray and hit the windscreen of the driver following me (it was a plastic lid of a very light quality 60L bin from the $2 shop). No other goods were lost. + +After realising my load had moved (after maybe 10-15km), I stopped to secure my load again when the driver(~45F) pulled up and read me the right act, they did not provide me nor ask for any details regarding insurance or names ect. + +After I looked at the damage to her windscreen which I rubbed with my finder and removed the majority of the 10cm white plastic mark, she got back in her car and sped off before I got a chance to take any photos. +I only narrowly got a photo of her number plate as she drove off. +I had a passenger who agreed that there was very, very minor damage, she did not have any passengers. + +Fast forward over 4 months, I receive a letter of demand from her insurance company for $2400. +She is trying to claim a complete repair of her roof and bonnet as well as 12 days of hire car use. The car was clearly previously damaged (I should have gotten photos of the rest of the car) and with the low damage that the plastic lid could have caused, this claim seems very excessive. + +I could have understood if she had claimed a new windscreen (at the very most) or windscreen polish (the windscreen was only scratched) however she is trying to claim all damage to the front end of her car. +She is trying to claim damage on the bonnet and roof even though after the incident she said that it only hit her windscreen. + +Upon inspection of the claim receipts, she did not get the car inspected for 3 weeks after the incident and the repair invoice states “0 repair days required” so it makes me question why there are 12 days of hire car use. 1 or 2 days I might be able to understand but not 12. + +It definitely feels like she (who is old enough to know how to pull this sort of thing) is taking advantage of me because I am young and inexperienced. + + +Is there anything that I can do to argue the amount claimed? +Thank you I’m advance +So im 26 and I kinda feel like crap cause I have no degrees mostly because I kept going back to college but since I work full time I always fall behind. Upon looking at my credit on credit karma I realize that my score is building fast and I only owe $1300 in all accounts total which can be paid off in a month then I will be completely debt free. But I still feel bad because I have no degrees, I mean im working on my a+ certification and other certifications and I still plan on going back to school. Please tell me, am I stressing for no reason? Because I realize that most Americans are in debt but many also have degrees and great jobs. +Its at a call center which I am not a fan of and I am hoping this job Im interviewing for on friday for a warehouse goes through but its a job none the less!!! After four years of treatment Im finally getting off SSDI (Bipolar II), Medicaid, Medicare and food stamps! I'm still poor but I will be a fully fledged productive member of society again! 😀 + + +Edit: Thanks to everyone for their kind words and updoots! :) +I missed ONE credit payment in the last 3 years a month ago. Entirely by accident. Thought I was on autopay. It was $17!!! Credit immediately reduced by $1700. FICO score drops 73 points. Fuck this system. I’m trying to buy a house later this year and shit like this just infuriates me. It’s no wonder my [32M] demo is stuck at 650 avg credit. +Throwaway account for anonymity. + +I’ve recently discovered that my credit score is in the ballpark of 500 even though I’ve never owned a credit card in my life. I checked my credit report and discovered a plethora of negatives and unpaid accounts totaling to about $7000. All of the charges occurred when I was around 16-years-old so it would’ve been impossible for me to have made them. I asked my parents and they admitted to having made the charges and said that they would "make things right". That was 2 years ago. I did some research and discovered that even IF they paid the accounts off I’d still have a pretty shitty credit score. I’ve also talked to my brothers and they’ve reported having the same thing happen to them. My score has prevented me from securing a car, applying for housing to move out, and securing loans. My score is also not a reflection of my financial literacy and it sucks because I have great money management skills and have always paid my bills on time. I need advice on how to go forward with the situation. +I know everyone is different, but I’m just trying to gauge if this is a ridiculous amount to spend on a holiday to Europe- + +It’s not until the end of next year - it’s for two adults and two teenagers. + +Flights via Dubai to Venice +2 night stop over in Dubai +Seven night Mediterranean cruise in a Balcony room. +Flights to Paris. +2 nights in Paris +1 night/ 2 days Disneyland Paris +Eurostar to London +10 days London/ drive to Bath & York. + +$21,000 + +Might embrace cheaper in 2023, but right now I’m using this years prices as a guide -ie, it’s $8,800 for flights to Europe. Pre-Covid they were $6,000. + +I was discussing this with a friend on a similar income as ours, and she was shocked we would spend that much money on a holiday. BUT they never travel overseas. We love travelling. + +Do you think this is a too much to pay for the above trip? + + +I’m getting paranoid that I’m getting carried away by being able to travel again! +After GME share prices moved above $40 in the middle of August, shorts responded by working actively to suppress the upward momentum by heavily shorting; and using the broader stock market sell off as a smokescreen to press down GME shares in recent weeks. Despite the shorts’ attempts to scare away buyers, retail investors responded by heavily buying the price dips. + +&#x200B; + +(As background, [this past June](https://www.reddit.com/r/Superstonk/comments/vi292l/most_gme_shorts_will_be_losers_above_160_share/) I created the Shorts R-FKD indicator to keep track of where most shorts would be losers, based on trading activity going back to the January 2021 sneeze. Recently I have updated the indicator to account for the new price after the stock split, and to take into consideration the actual daily short volume figures available from [ChartExchange](https://chartexchange.com/symbol/nyse-gme/short-volume/). The revised and enhanced version 2 of the Shorts R-FKD indicator is represented by the red line in the chart below. Above $40 most shorts go back to losing territory.) + +[\(Indicator based on shorts since the sneeze high of January 28th 2021\)](https://preview.redd.it/luo8jaukdfm91.png?width=636&format=png&auto=webp&s=94b0aae24585471f32c98be406650acfdf38e287) + +When GME shares crossed above the $40 threshold in August and started to approach $50, the shorts had to interrupt the momentum by attacking GME with waves of heavy shorting to keep share prices from taking off towards $100. The shorts went on the offensive and the short volume spiked upwards of 70% of all trades, as shorts tried hard to suppress GME from blasting off. For comparison, the average GME short volume % in 2020, 2021, and YTD 2022 has been 50%, 59%, and 60% respectively. The chart below demonstrates the significant recent spike in shorts volume during the end of August that exceeded 70%. + +&#x200B; + +(If you examine the historic periods also, you will notice multiple points where GME price spikes were followed by spikes in short volume to press the GME shares back down to or below the shorts’ breakeven point as represented by the red line. It has been a cat and mouse game, with share prices going back and forth since 2021. But the shorts are running out of tricks.) + +https://preview.redd.it/a7ci8ftvdfm91.png?width=634&format=png&auto=webp&s=374a0acc7f8393711dfe654e9076f2554e26a86e + +All this shorting is basically adding more fuel to launch the GME rocket in the future. GME is becoming like a compressed spring, and these shorts are just putting themselves in more danger of a larger blowback with each additional short they take on. The (naked) shorts are temporarily disrupting the normal supply and demand dynamics of the market, and despite their heavy interference share prices can shoot up above $40 again soon, toward the $50 to $100 range, and ultimately heading towards the moon. They are using a lot of ammo right now, and when it runs out, there is no stopping lift off. + +&#x200B; + +Why are shorts shorting so hard? + +1. Some might just want to push prices below their $40 breakeven point to get out of losses. +2. Some might want charts to show a slide to trick retail traders into (panic) selling. +3. Some might be trying to trigger retail stop losses by pushing prices down. +4. Some might just be speculating on a price drop to make a quick buck. +5. Some might really dislike GME as a business. +6. Some might be jealous of retail investors outperforming them. +7. Some might be dumb Stormtroopers. + +&#x200B; + +https://preview.redd.it/x0f0iz85efm91.png?width=929&format=png&auto=webp&s=2c79923c79facd266cc1b1a4c8774b6b4db59e64 + +How are GME retail investors responding to the shorts? + +1. Using dips as buying opportunities. +2. Becoming longer term investors and ignoring the short-term volatility. +3. Not using stop losses that can easily be triggered by market manipulators. +4. Giving the GME team time to make the company stronger. +5. Finding new ways to support the business they love. +6. Making the shorts more jealous by HODL-ing. +7. DRS-ing shares so those dumb Stormtroopers can’t hit any of their targets. + +&#x200B; + +https://preview.redd.it/0cvb10abefm91.png?width=515&format=png&auto=webp&s=bc068b53da7be0eb1c594c457516a0bf1aecffaf + +Zooming in on the last few days of trading activity in the chart below, we can see GME got pressed down hard several days in a row. + +https://preview.redd.it/d2un99reefm91.png?width=702&format=png&auto=webp&s=471c9ad1a86bdd0420480a322786cc8a4792847f + +On those same down days, a very high percentage of the volume came from shorting volume, which was mostly near 70% on back-to-back days (see the teal bars in the chart below). + +&#x200B; + +Additionally on those same down days, around 80% of the total retail orders were BUYING based on data from Fidelity (see the purple bars in the chart below). The exceptionally high retail community support for GME is clear, with 87% of retail trades being buy orders most recently. + +[\(Sources: ChartExchange and Fidelity.\)](https://preview.redd.it/brjvyfzhefm91.png?width=700&format=png&auto=webp&s=7b93d906e424c68759ad8799d819e97c3b8741bd) + +Although the short volume and retail orders are not an apples-to-apples comparison, putting them together still shows the important fact that GME retail investors are resiliently buying in the face of the shorts’ typical scare tactics. Retail is not selling. The relatively high volume of shorting just indicates a level of desperation by shorts to suppress the share price, and to counter the recent onslaught of retail buying. The price seems artificially low given the retail investors’ continued high demand for shares. + +\---- + +The shorts think no one will realize what they are doing, making it look like this is a natural selloff in GME shares by investors. But investors are not selling. From August 16th until the first week of September, the S&P 500 slid down -8.4%. The shorts used that broader market backdrop as a smokescreen to press GME down sharply -41.3%! Shorts (and market makers) flooded the market with sell orders to put GME share prices on a downward trajectory, despite there being more retail buying than selling by a wide margin as the data shows. The data seems clear as day that GME is being pulled down in a funky way not consistent with a properly functioning fair marketplace. Hello… any regulators awake to look more closely into this?? + +\---- + +Shorts are stuck in a cage match with Apes, and Apes aren’t scared to snatch up those shorts! After the shorts experience a super wedgie at the hands of Apes pulling up their holdings, those shorts are eventually going to crack, and witnessing MO-ASS will be inevitable. Let’s 🎃 go! + +https://preview.redd.it/6ki2475oefm91.png?width=998&format=png&auto=webp&s=bd64af4a94a11c8c25032ef4c5c48312becde5bb + +\---- + +TLDR – data shows shorts are shorting heavily to push GME below $40, and retail Apes are just buying up even more shares at a discount, fueling up for MO-ASS. 🚀 +Hello World, + +So yesterday I posted [this DD.](https://www.reddit.com/r/Superstonk/comments/rabv96/the_orangutan_papers_citadels_equity_handling/) In it I covered a deep look at a document Citadel provides to broker dealers around how it handles all the orders it gets from broker dealers. + +I'll be honest, it didn't land the way I thought it was going to, that's on me though. The content is fine, the content is important. The problem was my presentation on the content and the document. So this is 2.0, most of it is unchanged but I'm trying to address yesterday's criticisms. + +**Addressed points** + +**1. How I got the document.** + +I got it, I'm not posting the PDF for reasons, if mods wish to DM on this I will provide further explanation. + +Instead, I will provide you either with [Screenshots of the document, hosted on imgur](https://imgur.com/a/PLk24Wj) or [my YouTube video, with just the document.](https://www.youtube.com/watch?v=9ybToFl1dIw&t=3s) (EDIT- Video got removed) + +**2. TL;DR** + +This document shows, that Citadel can class the vast majority of orders given to them as "not-held" (opposed to held), not held-orders lose a whole wrath of protections and benefits that held orders get. + +Citadel also uses this document to provide the framework to do pretty much unilaterally what they want. + +This document also provides further evidence that Buy, DSR and hold is the best way to defeat this long term. Shorter term direct buying, and making sure your buying means your order is classed as a held order is the best. + +All derivates (such as options) are classed as not held, but it seems that they are still important in the long term fight (but buying and holding the actual shares is more important, but the two exist in a relationship). + +**3. What I want to show from this DD.** + +It's not just us, but broker dealers that are getting fucked. But due to the laws of gravity this means broker dealers are fucking us harder than citadel fucks them. + +I also want more wrinkle brains than just me to have eyes on this. + +**4. Dilution of posting.** + +I posted it lots of places, here, twitter, Kengriffinlies dot com, my own YouTube. + +This time around you will only find it here, and [the original version of my YouTube video](https://www.youtube.com/watch?v=Imsygsz6sCE&t=1s). + +My reason for dilution was I wanted as many people to see it as possible, I will retain back up versions, as I fully and sincerely believe that if this gets the attention it deserves that there will be efforts to get it removed. + +**Original DD Repeated.** + +The rest of the DD below, is yesterday's DD repeated. Which is a deep dive looking into every page of the DD. + +Enjoy. + +=================================================================================== + +**Things to be wary of while reading.** + +1. This is dated Feb 2019. A full 34 months ago. That is a long time for some policy documents, at the same time my work has some policy documents from the 70s. It should be taken with a grain of salt. +2. This could be a very carefully crafted document (22 pages long) to fuck with apes, and is a total fake. +3. My interpretation of this document may be wrong, this is also why I provided the link to the document so other apes can pour over it and find stuff I missed, or correct things I got wrong. + +That being said, I've done what due diligence I can on this. + +And on the balance of probability this look like the genuine article. + +**Stand out sections.** + +*There is a lot, so I've put the ones I think to be worth extra attention in italics, like I've done here.* + +**By page breakdown.** + +Let's go over every page in detail. + +**Pg1.** + +Citadel states here what they are, and the two sides two their business. That they place orders as a market maker for their clients as well as the fact that they also trade for their own profits. Most importantly they CLEARLY state they may trade in tickers that they both trade as a market maker and as a non-market maker (aka hedgefund). + +They also begin to explain their duty of best execution, which continues onto pg2. + +**Pg2.** + +They speak about how best execution is a multi-faceted consideration. + +>i.e a market may show a better price, but have a lot less shares available. + +But the take away I have is they go onto say, the people that review whether they have met the requirement of providing "best execution" meet on a quarterly basis, and comprise entirely of people employed by Citadel, including Senior management. There isn't a mention of a single person from the SEC, FINRA, FINTEL, DTCC or NSCC (even though these org are blended as it is). + +Meaning Citadel decides if Citadel is giving best execution or not... nice that. + +We then briefly mention that Citadel's duty to give best price execution is to the clients (The broker dealers) and not to the client's customers (us, retail, apes). Totally flying in all the shitty PR statements Citadel has tried to spin. + +>I can see the spin already tho, they provide best execution to clients, who provide it to us. If that happens don't let the fact they clearly state here who they consider their obligations to be to. + +We then go onto discuss Automated & Manual order receipts (This continues onto Pg3). + +**Pg3.** + +Citadel talk about how it's SOLEY up to them if an order is automated or manually processed. They also talk about the fact they can trade during extended hours (Pre-market/After hours). + +They then go on to talk about how Citadel reverses Sole discretion to cancel or reject any client order and that they have no further obligations to an order once cancelled/rejected. + +They also mention that they can choose to ignore a cancellation order if they have already gathered part or all of the equities to fill the order. Again at their sole discretion. + +We then go onto Order Handling, this section lasts until PG 14. As such I'll be breaking it down by subsection. + +Within order handling they first discuss order routing. Citadel states for non-directed orders that they can basically filtered it partially or wholly where they like, including to Citadel Connect. + +>So where possible, direct your order to a lit-exchange such as IEX. + +Citadel picks how it does this via it's "heat map" technology (NFD), which uses order flow (Another reason to dislike PFOF) they finish off by stating it's up to Citadel how much information on the client order goes to the market centers. + +**Pg4.** + +Order Types- Citadel defines held and not held orders.(Held orders need to be filled immediately, not-held can be delayed as to try and get a better price.) + +*The requirements to be classed as not-held appear to be so vague to Citadel that near enough every order could be classed as not held. This isn't a good thing, as we discuss in detail through the entire DD.* + +**Pg5.** + +We continue with more about order type. Something (which might burst people's bubble) that stands out is that not-held orders include certain categories. One of these is Algorithmic trading. And the thing about not-held orders is there is no requirement, and therefore Citadel doesn't, display them. Which further means trying to divine information from the order book (at least as citadel is concerned) is largely pointless. + +>Doubly so as Citadel could easily choose what to display and what not to display in an order book to further mess with us. + +*But the next part really irks me, as it seems to fly totally in the face of the best execution statement.* + +*Citadel may trade ahead of not held orders, and buy/sell at the same, or indeed better price for it's own accounts and in doing so doesn't even have to fill the not-held order.* + +We then go onto additional conditions in not-held orders in OTC equities (Stocks that don't meet the requirements to be listed on a main exchange, or derivates such as options). This continues onto pg6. + +**Pg6.** + +The OTC orders that have specific instructions (such as trading via VWAP) will be traded manually by a trader where the instruction is actionable, if not Citadel will go seek clarity on the order or reject the order. + +If there are no instructions on the OTC order than it will be determined as manual or automated depending on how big the order is, and how many shares are within that order (and the price of those shares). + +The final note on it, is that most OTC orders will be meet by "netting", more on this later. + +We then go onto algorithmic trading, which continues onto pg7. + +**Pg7.** + +A broker dealer may choose to place an order with Citadel using one of it's algorithmic strategies, in doing so Citadel treats it as a not-held order and has sole discretion on how to execute the order (but caveat they need to keep it in line with the chosen strategy). + +Citadel can also break the order up, into smaller child orders each with it's own strategy. + +This can include lit, dark or internalised venues. + +Then we cover pre-order handling. There is nothing overtly new here, Citadel reserves the right to not execute the order, pretty much same as the rest of their orders. + +**Pg8.** + +On close orders- It splits it into Market on Close (MoC) and Limit on Close (LoC), they are exactly what you'd expect but happen at close. + +*A big stand out is that Citadel may guarantee part or all of a MoC, if they do Citadel can hedge against that order (which in turn may effect the price) this is massive and may account for all those ridiculous 1 min to close/post close candles.* + +The language in the next paragraph seems to indicate that this is not limited to MoC and that LoC orders can also be hedged against. Though this isn't spelt out anywhere. + +**Pg9.** + +OTC stocks have the same requirements for MoC/LoC as listed. + +We then go onto IoC (immediate or Cancel) & FoK (Fill or Kill) orders. + +Both are at Citadel's discretisation to fill or cancel or reject. + +*And likewise, they are considered not-held, so everything that applies to not-held orders applies to these guys.* + +*AoN (All or None) orders are next. They make mention that these orders are not allowed on exchanges (which implies they must be dealt with by way of OTC), and as such present unique risk to them. As such they aren't considered not-held or held, but that Citadel's handling of these may effect their price execution.* + +**Pg10.** + +Day orders- Nothing contentious here, they state they may execute a few mins after close. + +>Again adding to the ridiculous minute before/after close candles. + +Good till Cancelled/Good till Date Orders- Again nothing overly contentious here, they don't display them overnight. Which seems to fly in the face of the earlier statement about not displaying Not-held orders at all (again showing us that trying to divine info from the order book may be largely pointless). + +Stop orders continues on to page 11. + +**Pg11.** + +Stop orders, nothing overly contentious other than the fact Citadel looks to bunch triggers into a bulk order, and prioritises speed over price improvement in a bid to compete with fast moving markets. + +They do state that Citadel may engage in trading that may trigger these orders. + +*My big take away from this, if citadel has enough knowledge of stop orders (or trailing stop orders) they can force a crash to take advantage of that. AKA CITADEL CAN SEE YOU STOP ORDERS SO DON'T PLACE STOP ORDERS. March 10th anyone?* + +Short sale marking and locate requirements, not the same as Citadel Short selling (and this document doesn't cover that) it states the onus is on clients to mark shares sell long, sell short, sell short exempt. This is a hand washing statement nothing more. + +**Pg12.** + +Risk management and market access control- This is the bit I've had to stop my self skipping ahead to read. + +Citadel reserves the right to delay any order it wishes to make sure it's correct, accurate and despite all this Citadel accepts no responsibility for client errors. This is so vague a statement that in theory Citadel could delay any order in the name of ensuring it's correct, even if that order was to be a massive benefit to retail and to the detriment of Citadel. + +Order protection, Finra rule 5320 and 5270. + +*5230, Citadel aren't allowed to trade a share for it's own account while they have a held order that would benefit more from that trade... shame for retail most orders can be classed as non-held.* + +5270, citadel aren't allowed trade in their own accounts on a security that they have non-public information about a block on... like say a block on the buy button. THIS LITERALLY SPELLS OUT A RULE THEY BROKE IN JAN 28TH. + +>This doesn't seem to be broken down by not-held and held orders. So it literally spells out a rule that was broken. + +We then move onto information barriers, Citadel claims their teams work in silos (that is to say isolated away from each other), so that the team that deals with it's own accounts doesn't have any information that the team dealing with client accounts has... shame we've all seen the videos and the relative open planning of the Citadel offices and know that they aren't even siloing on a physical level, never mind an informational one. It's not like WhatsApp, telegram, discord, <<Enter 100 other messaging services>> exists. + +*It goes to further define that "Not-Held" & "Institutional Orders" don't get the (limited) protection of 5230 (meaning citadel can trade ahead, if they trade the client order at all, for their own profit).* + +**Pg13.** + +*We then cover facilitation, hedging & pre-hedging, In short it states Citadel can trade ahead of knowledge of a block in a security if it is for one of these three purposes.* + +*The thing is hedging is such a broad term, as previously defined in this document and defined elsewhere, that it allows Citadel to unilaterally make trades to protect itself against black swan events in a way that pretty much no one else (other than other market makers presumably, such as Virtu) can.* + +>I am not advocating buying puts but if you had prior knowledge of the Jan 28th buy block, you could have bought a ton of puts (dirt cheap may I add), made a killing and have done so in the name of "hedging". It's actually sickening to me. + +We then cover something which may warrant further digging elsewhere, Retail Order Liquidity Programs, all Citadel state here is that Citadel won't treat an order as a retail order unless explicitly told to do so by a client (this also may be a way to provide themselves some cover if the program provides any additional protections or benefits to retail orders). + +>As I said, further digging into what this program is may be warranted but it's not covered in this DD, and after this DD I'm tapped out of anything other than my normal weekly/daily posts for a while unless I come across something like this again. + +Corporate actions, citadel will adjust open orders based upon those asked corporate actions. It's a small vague, but seems relatively harmless. + +*Order routing & conflict of interest. Citadel states that it gets kickbacks and fees to route order to certain markets and if the kickbacks are larger than fees they will receive payments from these markets. As such Citadel reserves the right to route to certain markets provided it keeps in line with the "best execution principles" (That one that is judged solely by people of Citadel... again nice that).* + +**Pg14.** + +*System failure and abnormal market conditions (Jan 28th and maybe this now), this is the last subsection of order handling section. And would you believe it, Citadel reserves the right to apply, cancel, partially apply or EVEN CHANGE client orders without prior notice during periods of system failure and abnormal market conditions.* + +>Meaning Citadel can, and will, pull out every dirty trick **WHEN (not if)** MOASS happens. + +We then go onto the Order execution section, again this lasts until page 18 and as such I'll be breaking it down by subsection also. + +Price improvement, this subsection states that Citadel can determine whether or not to improve a clients order for a better price at their sole discretion, even if price improvement is within the NBBO (National best bid offer) and one of the factors in making this decision is Citadel's own positions. + +**Pg15.** + +Customised execution strategies, Citadel allows clients to choose a metric if they so desire to prioritise in execution if they wish, this may result in worse results in other metrics. Standard handwashing statement. + +NBBO calculation (which is further broken down into even smaller subsections), as a whole Citadel relies on direct market feeds, then SIP feeds (Security information feeds). + +*For OTC trades it refers to the OTC NBBO bulletin board, and chooses the right to exclude any information from this bulletin board it deems unactionable. Which is important as remember non-held orders (which is most orders) can be put through as OTC trades, and the statement of what it deems to be unactionable is not further clarified and therefore suitably vague and full of leeway.* + +**Pg16.** + +*We then go onto Net trading, Citadel re-states that most not-held orders (which is most of them) is dealt with by netting, if at all. This is the MOST IMPORTANT PART OF THE WHOLE GOD DAMN DOCUMENT. as it spells out how Citadel gets paid as a market maker, they net by taking the opposite side of the trade elsewhere in the market at a better price, and then fill the trade at the other end. The difference/net is what Citadel takes as payment.* + +>*For example you ask to buy stock ABC at $10, your broker gives that order to citadel who sees someone is selling it for $9.95, as such they buy it, give it to your broker, who gives to you and Citadel NETS the $0.05 difference.* + +*They can only do this for not-held orders, which is most orders. (I know this is repeating my first sentence in this section, but it's important).* + +We then move onto trading halts, nothing contentious here. Citadel has to abide by them (nice to a see one of the rules apply universally for once). + +We then go onto erroneous trades, Citadel has certain conditions it has to adhere to due to the SEC, FINRA etc but citadel also reverse the right to cancel or alter order/trades that don't fall within SEC/Finra/SRO rules if citadel deems it erroneous (much like when your older sibling babysat you and decided to add extra rules that mum and dad didn't have). *Again nothing further is expanded on what Citadel would deem erroneous that SEC/FINRA/SRO don't.* + +**Pg17.** + +Deals with extended trading hours (pre-market/After Hours) Citadel states they will accept and trade client orders during these times but makes a warning on all the risks of trading during these times. + +What is implied though, reading between the lines, is that Citadel will also trade for it's own accounts during these times as well. + +**Pg18.** + +With Order execution done, we go onto another handwashing statement/section, regarding rules around OTC re-sale. Some OTC securities may not be re-sold, it is the client, not citadel's, responsibility to ensure that non-resalable OTC securities aren't traded. + +We then go onto another section with multiple subsections, Orders from Canadian internalised securities and foreign markets. + +*First subsection is Canadian internalised securities, when a stock is traded on both U.S and Canadian markets citadel will only accept it is it's an Immediate or Cancel (IoC), or Fill or Kill order (FoK). If you cast your mind back you'll remember these orders are considered not-held, and therefore lose all the protection of held orders.* + +**Pg19.** + +Orders in a foreign market is next, first thing that stands out is that Citadel have a portal where the OTC prices sit, including foreign, Citadel gives access to this portal to clients but clients are forbidden from passing it on (I'd jump at the chance to have a look). + +*Next is currency, all orders should be placed in USD and then Citadel makes extra money by marking up or down the exchange rate (presumably on top of their netting).* + +Citadel then lays out the ways they may fill the order, they give preference to internalising the order (i.e Citadel takes the opposite side and net trades it) but that they may use other methods, or a combination. + +**Pg20.** + +This page explains the previous pages netting/best execution etc. + +*One part they spell out is that an order will still be considered best executed even if there was price improvement available that wasn't taken, provided Citadel make profit.* + +*It then states what rule, FINRA 5320, that it needs to adhere to, so that it can be considered best execution, but remember two things one "the committee" that judges this is made up of citadel staff according to this document and two all foreign orders are dealt with by OTC and are therefore Non-held and therefore FINRA 5320 doesn't apply, makes me wonder why they brought it up at all.* + +**Pg21.** + +Use of client information is our next heading. Citadel states it may use the following information and how it's used, but that they don't need to tell their clients. + +They can also state they can change what information, and how the information is used without informing the client (unless required to by law or ruling). + +*First it breaks it down by client order information, Citadel can use past and present trading information on determining how to handle that order. Also citadel may use the info for their own purposes (both market making and for their own accounts).* + +IOI/RFQ (Indication of interest, Request for quotation) Citadel can use past client, or client customer information to determine whether to supply this info and at what price/ranges. + +Finally, and nice to see it spelled out at the end, citadel may share the information within Citadel or other Market Makers but on a time delayed basis when there should be an information barrier. *They don't state how time delayed though which is nice and vague (not that I believe there is any time delay given the setup of the office and other factors, but that's speculation)but for them a time delay may be 1 second, 1 minute,1 hour... who knows, not us or broker dealers it seems as it's not spelled out.* + +**Pg22.** + +Last two sections deal with who a citadel reports trades to for the purpose of reporting to the consolidated tape. Nothing contentious here. + +**Thoughts** + +>Hope you found that insightful, here's my socials ([Twitter](https://twitter.com/TheKiltedTrader) & [YouTube)](https://www.youtube.com/c/TheKiltedTrader), though I'll be taking a break for a while after this other than my normal daily/weekly posts. + +We always knew we were getting the raw end of the deal, but it seems that raw end of the deal extends to our broker dealers as well (and by laws of gravity, shit travels down so we likely are getting an even worse deal once our brokers add in their conditions as well). + +This document clearly lays out the unilateral, and frankly frightening level of powers and unaccountability Citadel seems to have. I would presume that extends to other market makers as well. + +But here is the thing, forearmed is forewarned. + +None of these conditions seem to apply to though if you make your order both directed to lit exchanges (there is mountain of DD on this) and make sure your order comes under the held category the issue seems to be in getting it to apply to that held category. + +So the next issue on top of that is making sure your shares are, well your shares, and registered in your name. + +As such you need to make sure you are DSRing you shares. + +The most important thing though is this, these are your shares. You sell them, when you decide. All the evidence points to shorts having not covered. + +Given the Earnings call this week, and the battering to the price we now, more than ever need to have diamond hands and show the citadel and market makers of the word one thing. + +WE ARE NOT LEAVING. +Good morning UKPF :) + + +Had the (grim) chat with my dad recently about his will, and he was talking to me about me and my brother's inheritance. He initially was playing with the idea of gifting us the house to minimise tax etc. but I quickly shut down that idea as I know the taxman isn't stupid and we should just pay taxes due. + +What is interesting however, is that although me, my brother and parents all have a great relationship... the topic did come up about how the inheritance of the house will be fair. My brother, bless him, is a bit of a layabout. He lives with his GF and her mum, whereas I am a homeowner and concern was expressed that if we were to inherit the house, nothing would stop him moving into it and me owning 50% of effectively something that will never benefit me until he decided to move/sell (if ever). + +Ultimately, I wouldn't want this possibility to cause any friction between me and my brother, especially in what would be such distressing conditions, but I know my dad is very interested in keeping things absolutely fair and even between us. + +Is there anything we can do to ensure this? Can a clause be written up in a will to say that inherited property *must* be sold within a certain timeframe and not moved into? +Gary Gensler's propensity to break up handshake settlement deals has created some distrust with current staff, sources say. Meanwhile, law firm demand is also driving some exits. + +July 23, 2021 at 05:30 AM + +8 minute read + +The original version of this story was published on National Law Journal + +What You Need to Know +Recruiters and former SEC lawyers are expecting an exodus of talent from the securities watchdog. +From his days at the CFTC, new SEC chair Gensler has a reputation for pushing his lawyers. +But any outflow will likely be covered by a fresh batch of hiring at the SEC later this year. +Gary Gensler, the new U.S. Securities and Exchange Commission chairman, is pushing for tougher enforcement on a raft of investment and compliance issues. But in the process, he seems to be causing a stir among the agency’s senior attorneys. + +The SEC has seen high attorney attrition this year, according to a tally of moves from the agency, and those talking with internal SEC lawyers are expecting more attorney exits. Some former SEC lawyers say Gensler’s propensity to break up handshake settlement deals that were in process before he became chairman in April has created some distrust with current SEC staff, as well as his hard-charging approach to managing SEC lawyers. Meanwhile, law firm hiring demand appears to be driving some exits, too. + +According to data provider Firm Prospects, which tracks attorney moves including in and out of federal agencies, 16 lawyers left the SEC from January through July 21 to return to private practice. + +Only two of them—Chairman Jay Clayton, appointed by former President, and ex-SEC trading and markets deputy director Elizabeth Baird—arrived at the agency during the previous administration. Baird was hired by the watchdog in September 2018 and left last month to Steptoe & Johnson. Clayton returned to his old firm, Sullivan & Cromwell. + +One legal industry recruiter said the phone had been “ringing with associate director-level SEC attorneys in D.C., and senior officer regional director-level folks” who are looking for law firm jobs. + +The exodus has not yet reached the heights of the first year of the previous administration; by July 2017, the SEC had already lost 24 lawyers that year to private practice, according to Firm Prospects. In the same 2017 time period though, the agency also hired 20 more lawyers directly from law firms—resulting in a net decrease of four lawyers. + +So far this year, the SEC has only added another nine attorneys, according to Firm Prospects—leading to a net decrease of seven in all. + +Former SEC attorneys said they predict more defections this year based on some internal agency conflict. In particular, private practice lawyers who have recently left the SEC point to Gensler’s willingness to scuttle handshake settlement deals that agency attorneys already negotiated—more so, apparently, than previous chairs.  + +Deals made by the enforcement division with rulebreakers require sign-off from the commission. While this sign-off is no rubber stamp in most cases, the commission often takes its cues from the lawyers who have worked on the deal and division management, explain lawyers familiar with the process. + +According to lawyers who have recently worked on enforcement deals with the SEC, multiple settlements have been rejected as they’ve been presented to the commission for approval because Gensler, they say, wants more compensation from the defendants and feels the levels of the last few years have not been sufficient. + +“He wants these cases settled, but he wants the resolutions to be stronger and more significant,” one former SEC lawyer, who is now a partner at a D.C.-headquartered firm, said. + +The situation is disconcerting on two fronts, say former SEC lawyers who are now in private practice. One is that the staff is demoralized when a settlement is rejected by the commission. The other is that it “doesn’t look good,” said another ex-SEC attorney based in D.C., to go back to defense counsel and say “we thought we had authority to reach the settlement we agreed [on], but we don’t.” + +“Then SEC lawyers are probably going to have to litigate the action—assuming they can’t get defense counsel (who is now very irritated) to sign off on more severe remedies or penalties,” the lawyer continued. “Yet the SEC enforcement division probably doesn’t have the manpower to litigate, because the staff has shrunk due to attrition over the last four years. So, they’re trying to do more with less.” + +Having to renegotiate settlements is leading to a lack of trust between the commission and Gensler on one side and the SEC lawyers who negotiated those settlements in good faith on the other, the lawyer said, adding, “That brings a lot of tension, and that makes people want to leave.” + +A D.C. securities litigator said the SEC has been “pushing hard” in some of the investigations he has been handling for clients. “They’re pushing hard in areas that seem a little excessive compared to previous negotiations.” + +Yet one securities litigator who regularly negotiates with the SEC on enforcement matters says it is often the case that the commission rejects initial handshake agreements. + +“The frequency of rejection might be up at the SEC at the moment, but the commission knocking back initial settlement agreements is not a rare occurrence,” the securities litigator said. + +The SEC did not reply to a request for comment. + +Gensler’s Approach +Some of the SEC exits are no doubt driven by law firm hiring in an environment of heightened securities enforcement. + +“The potential of more cases being investigated, more charges being brought, and more cases being litigated, there is more work on the defense side,” the legal industry recruiter said. “There is a market for those folks wishing to leave the SEC, especially given the complex nature of the work and the benefits of having counsel who understands internal SEC processes.” + +But sources also point to Gensler’s no-nonsense approach to managing staff as potentially turning away some agency employees. + +According to one lawyer now in private practice but who worked with Gensler at the Commodity Futures Trading Commission (where he was President Barack Obama’s commissioner from May 2009 to January 2014), Gensler was notorious for pushing his lawyers hard when he was overseeing Dodd-Frank regulatory implementation. + +“Back then, it wasn’t the CFTC’s enforcement division that was bearing the brunt,” the ex-CFTC attorney said. “Instead, it was the regs people who were implementing Dodd-Frank [the sweeping post-financial crisis Wall Street reform act] who were under intense pressure from Gensler.” + +As a result, Gensler’s CFTC was able to come out with its Dodd-Frank regulations ahead of the SEC. But the pressure exerted on the watchdog’s staff, the former CFTC lawyer said, ultimately contributed to the regulator’s staff unionizing. + +“He’s an aggressive regulator—and people have to work,” the ex-CFTC lawyer said. “But in this current environment—when the lateral market for attorneys is so buoyant—I could see why folks would want to leave.” + +It is no surprise that Gensler’s SEC would be more focused on enforcement than Clayton, lawyers familiar with the inner workings of the SEC across multiple commissioners and administrations say. A Democratic administration’s model for enforcement often places more emphasis on more cases and more individuals; the so-called “broken windows” philosophy of policing the markets was a distinct characteristic of Obama-appointed Chairwoman Mary Jo White’s tenure at the SEC from 2013 to 2017. + +Gensler recently told investment lawyers and bankers that his agency would pursue aggressively bad financial actors “playing with working families’ savings.” The chairman is also taking a key interest in the reporting of environmental, social and governance (ESG) information by listed companies, according to reports, and this focus will likely expand the responsibility of the enforcement division. + +Gensler is potentially counting on adding more staff that will get behind his vision of a watchdog with sharper teeth. In his FY 2022 budget request, Gensler asked for nine additional positions in the enforcement division and in total wants to raise staff from its current 1,316 to 1,330. + +Adam Oliver, co-founder of Firm Prospects, said he expects to see some additional hiring by the SEC this fall. “Hiring by the agency tends to track upwards after the summer months, with 2017 being the one exception in recent years,” he said. + +In testimony in front of a House appropriations subcommittee on May 26, Gensler said enforcement in 2020 had 6% fewer staff on board than it did in 2016. + +“Other divisions are similarly stretched thin,” he told lawmakers. “As more Americans are accessing the capital markets, we need to be sure that the commission has the resources to protect them.” + +In May, he appointed seven-year SEC enforcement veteran Tejal Shah to be his enforcement counsel. Shah has deep experience investigating and litigating the range of cases the SEC brings, including broker-dealer accounting fraud and compliance failures, insider trading and market manipulation. + +The SEC saw turnover in the top slot in enforcement this year, when former Paul, Weiss, Rifkind, Wharton & Garrison partner Alex Oh resigned from the director’s position just a few days after taking the job. A couple of months later, the SEC announced the appointment of New Jersey Attorney General Gurbir Grewal as the new enforcement boss. +SPY has a 0.0945% expense ratio while the other four listed all have 0.03% expense ratios and similar dividend yields? + +You clearly lose 0.05% compared to these other ETFs and over 30 years that could translate to 1.5-2% reduction in your portfolio. + +Is it because that 2% is pretty insignificant? On $1M that would be about $20K + +Edit: So the answers I’m getting are volume related. However, others have pointed out that volume would only be more beneficial if I was trading options due to factors like liquidity and smaller spreads. I’m not holding options against my SPY holdings so I wouldn’t really benefit too much from that side. My strategy is more buy and hold for 30 years on this so the advice seems to favor a lower expense ratio ETF in that case. +Hello superstonk, + +Having noticed various articles written by fool's popular investing blog, I was curious to find out how their views have swayed over the past 20 years. + +This is the link to the gme's profile on their site - [https://www.fool.com/quote/nyse/gme/](https://www.fool.com/quote/nyse/gme/) + +**METHOD:** + +1. Using my browser, I came across a **publicly available** HTML file on [fools.com](https://fools.com) (exact url above), +2. made a copy of my findings and +3. recreated a custom csv file +4. I helped myself to few pivot tables while working on this + +**SCREENSHOTS BELOW** + +Article count by years and months + +[remember to forget that 1 stock](https://preview.redd.it/7mtfqcuec2j81.png?width=1074&format=png&auto=webp&s=136a51bfb894eab37b2941144891de64be634c43) + +Prolific GME experts by count of articles + +[keep those fingers typing boys & girls](https://preview.redd.it/jtmir0lgc2j81.png?width=274&format=png&auto=webp&s=03a84b3b8b8ad3dc81b64820afae49997a7f8209) + +**ADDITIONALLY** + +I am adding source csv file for anyone to use this as a repo of the fools' stance **FOR** or **AGAINST** GME (i could not read all of these things, just not possible ¯\\\_(ツ)\_/¯), therefore i for one could not be certain. + + What was very clear to me that they have increased their volume of article last january and february significantly. + +heres the sauce - [https://github.com/mrrippington/fools\_gme\_articles](https://github.com/mrrippington/fools_gme_articles) + +[what IS your definition of fun?](https://preview.redd.it/hj1zp03lc2j81.png?width=1313&format=png&auto=webp&s=b716d698ad39ba7e2d711bfd5b453188843e3ab4) + +Other interesting things to look at would be: + +1. While I am doing this I also thought about finding their hedge funds filings, which I thought to use against this data. + +>Can anybody share a link to that? +> +>i.e. when the fools hedge fund arm increase/decrease gme position, what do they write about the stock? +> +>I don't think such an influential news blog would mix journalism with investing activities or suggest that. + +2. use some intelligent logic to save these articles to webarchive? + +**BONUS 🏴‍☠️** + +>Dear Kate,  +> +>Here’s to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They’re not fond of rules. But they have no respect for status quo. You can praise them, disagree with them, quote them, disbelieve them, glorify or vivify them. About the only thing you can’t do is ignore them. Because they change things.  +> +>Take Care, +John Appleseed + +\----------------------------------------- + +Any feedback most welcome, take care all of you. + +obligatory: 🦍🚀🌌 +Discussion for the day. Free discussion to discuss what your plays are and how your portfolio is doing. + +NEW SUGGESTION: Add your entry, exit and stop loss for the positions. This is a community to learn + +**Downvotes are discouraged. Be friendly.** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +Traveling across the US this past week, and flew through Houston, Toronto and Washington Airports. + +In one airport alone, I’ve noticed a total of 11 people (actually counted) throughout the airport who were wearing GameStop merch or GME reference clothing. + +Apes are literally everywhere. Can 100% confirm. +I started my job in 2015, making $45K. Three years and a few promotions later, I'm at $85K. My paycheck is nearly double what it used to be, I've almost entirely avoided lifestyle creep, and the majority of that increase is going straight to retirement/other investments. + +I still find myself feeling like its not enough. Like, I'll find myself scrolling through part-time weekend jobs seeing if there's anything I can pick up to pull down a few hundred more dollars a month. There's no real reason for this- I'm underpaid at work, but not severely, and I have no major purchases or life events I'm saving for/putting on hold because I can't afford them. + +Anyone else feel this way? What gives? How do you put those thoughts to bed? + +EDIT: Wow, this blew up. I couldn't possibly respond to every comment here, but I'm trying to read them all. Thanks PF for the insights, good and bad. It's been a helpful read. +Good morning everyone! + +**Small Cap Watchlist (under $10)** + +1. TYME: Gapping up on a COVID catalyst. Currently showing strength in premarket with high relative volume, I'll be keeping an eye on this one, but be patient and don't force trades. Resistance around 4.00 on the daily chart. +2. CPSH: Gapping up on a seemingly pretty weak catalyst. Low float, so could see some volatile swings this morning. Be careful, and make sure to have an exit strategy if you choose to enter a trade. Premarket resistance around 9.80, with support at 8.85-8.90. +3. AREC: Gapping up continuing momentum from yesterday's trading, no new catalyst. Low float so could see some volatile swings. Sometimes these day-2 plays die down early in the morning without providing trading opportunities, but it's worth keeping an eye on for a continuation play if price action and volume permit it. Premarket resistance at 4.63. +4. ZYNE: Gapping up without a known catalyst. Seeing decent volume and price action in the premarket. Premarket resistance at around 4.40, with a potential gap to fill to a daily chart resistance of around 4.80. +5. SNDL: Gapping up on momentum from previous days of trading, no new catalyst. Showing some strength in the premarket, with good price action. Extremely high float, so this could be a slow mover, but I'll be keeping an eye on it. +6. SELB: Gapping up without a known catalyst. Good price action on okay volume in premarket. Showing some weakness now after if failed over premarket resistance, but I like it if it can get back up and cross that resistance at 5.74. +7. CRBP: Gapping up on momentum from yesterday's trading. Seeing good price action and volume in the premarket. Premarket resistance around 3.14, with possible support around 2.50. +8. CANF: Gapping up on momentum from yesterday's trading. Seeing good volume and decent price action in the premarket, with resistance around 2.55 and support at 2.10. + +**Large Cap Watchlist (over $10)** + +* Gapping UP: SLS, VCVC, ENLV, FUTU, CLNE, ZGNX, MJ, TLRY, APHA, GRWG, PYPL, CRSP, BEAM, MGNI, DKNG, PLTR, LAC, MARA, RIOT, GME +* Gapping DOWN: SPOT, VXRT, X, HYLN, GSK, INO, CCIV, SQQQ, UVXY + +Lots of stocks gapping up today, and good day for small caps in particular--lots of gap ups. We could see a push back to all-time-highs for SPY, but I expect to see some resistance. Silver up again today, and I'll be watching GME with popcorn once again. We've been seeing some little spikes in volatility, so things could potentially get choppy again. If it does happen to get choppy, use proper risk management and there is nothing wrong with sitting a day out. But until you see signs of choppiness, I'm expecting a relatively smooth start to the day. Selling cash secured puts is one of the strategies that I utilize, but I am currently being cautious regarding selling puts after we saw that recent correction. + +Always remember proper risk management, and be a picky trader. Only you decide when you want to enter a trade, so don't force anything. Hope everyone has a great day, and let me know if you have any questions :) +It's no secret that companies with generous cash reserves will fare better. Not only will they weather this extended recession and possible depression better than others but crucially when we do open up, companies with cash in hand can negotiate better with their suppliers and companies with sufficient funds may even look at buying up other companies on distress sales. +* As reported earlier, SEBI announced the enahnced risk-o-meter for mutual funds +* A new category of 'very high risk' has been introduced +* Parameters have been defined and scoring system introduced +* Very interesting - parameters for debt funds also include liquidity risk +* parameters of equity funds include market cap, price variation, and impact cost +* Risk values of 1 to 6 would correspond to the meters... Low <=1Low to Moderate between 1 and 2Moderate 2 and 3Moderately High 3 and 4High 4 and 5Very High >=5 +* Changes are effective Jan 1 2021 + +Official link: [https://www.sebi.gov.in/legal/circulars/oct-2020/circular-on-product-labeling-in-mutual-fund-schemes-risk-o-meter\_47796.html](https://www.sebi.gov.in/legal/circulars/oct-2020/circular-on-product-labeling-in-mutual-fund-schemes-risk-o-meter_47796.html) + +&#x200B; + +Edit: Another circular renames dividend plans. + + Dividend (old name) = Income Distribution cum Capital Withdrawal (New name) + +and similar for dividend reinvestment. Stick to growth plans anyway - it would at lease make your scheme names shorter! +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.. +It's no secret that companies with generous cash reserves will fare better. Not only will they weather this extended recession and possible depression better than others but crucially when we do open up, companies with cash in hand can negotiate better with their suppliers and companies with sufficient funds may even look at buying up other companies on distress sales. +Spent 8 months chasing a refund cheque for £300 and finally got a cheque through after what feels like months of phone calls for £3000…. The evil part of me wants to cash it and then when they notice say “you should hear within 6 weeks”…. Do I phone them now and get a new cheque or do I cash it, keep the £300 and return the rest when they ask? +My friend and I have been looking for hours and read the "How to get historical data for free" sidebar without luck, so we've turned to /r/algotrading. + +Our question is if anyone here knows a free API that allows us to pull data for 100s or 1000s of stocks. The data would be price, market cap, RSI, MACD, Implied Volatility for ATM strikes with a set expiry (for example 14 days) and perhaps more indicators. + +Our idea is inspired by [this post](https://www.reddit.com/r/thetagang/comments/q0o7n2/high_iv_stocks_list_with_market_cap_rsi_stats_all/) + +Any help is much appreciated. +I've been getting my feet wet with investing since July, adding a couple hundred bucks a month into my Roth IRA. So far I have only bought VTI and SCHD. I'm looking to add O for some diversity and to also start a monthly dividend. + +Does anyone with more experience than me have any opinion on this? For me right now, I'm investing for retirement and trying to keep it simple while I get more comfortable with investing in general. +In my current life I’m so time poor I’m happy to throw money at inconveniences to keep things running as smoothly as possible, but I was wondering if that changes for some after FatFIRE when one shifts to having plenty of time. Simple example is yard work - something I don’t mind doing (and that I sometimes enjoy) but that I pay to have done for me now. Another random one that is purely about convenience is valet parking, I do it all the time now but it seems a little like overkill. I’m curious for those that have RE, do you take on more tasks / less convenience after retiring? Has your time v. money calculus changed? +It seems like most people who are focusing on and planning for an early retirement work as employees. I know some business owners and they don't talk about retirement. They seem to work until they die or until they are unable to work anymore. They don't complain about their work. I've never had a business, but I get the impression that there is a lot more satisfaction when you work for yourself. + + +For me, personally, I've always hated having a boss. I can't stand having to wear a fake smile and saying "okay, that sounds good" in response to every idiotic thing that comes out of some boss's mouth or every idiotic decision that some boss makes. I don't like being under the thumb of someone else and have always detested authority figures. I also hate having to wear a fake smile and be fake friendly around coworkers and other people at work who I detest. I get the impression that is why most people hate their jobs and is a strong motivator for FIRE. I know it is for me . +So there it is. I'd love to dive in my childhood games, such as Tomb Raider, Hitman, Might & Magic, etc. Might even consider buying an old PS1/2 console to be able to play them. And, you know, take my time to play them slowly :) Do you feel doing the same once you FIRE? If so, what video games are you certainly going to play/buy? +I have been doing some reading and have noticed a pattern. It seems like owners of multiple rentals seem to keep loans on them instead of paying them off. I’m always kind of shocked to see higher property numbers with lower cash flow simply for the fact that a mortgage has to be paid every month leaving a smaller overhead. + +Is there any sort of benefit to keeping loans around? Wouldn’t it be better to make $2000 off of a property instead of $200? + +Also please forgive my ignorance in the matter, I’m still doing research on it so I would love to read some candid input. (I also apologize if this is a common question, I’m new to this sub as well) +A question to those who already have Zerodha IDFC 3-in-1 account, can you share your experience? + +Specific questions: + +1. Are there any hidden charges that I should be aware of? - Zerodha says the only charge is Rs. 25+GST, aside from annual maintenance charges. IDFC account, would be 'free' +2. Did you experience any issues with quality of integration? +3. When you have a bank connected with Zerodha, you have to transfer money manually (or through Mandate) to Zerodha. Is it the same for Zerodha-IDFC integration... or, can Zerodha directly take money from my bank account to invest in my SIPs (for e.g.) +2-3 weeks ago i read a post about a guy who recommended NIO when it was at around 5-10$, en no recommended PLTR when it was at $14. I Jumped straight in with 250 shares and boy oh boy was the guy eight. Big shoutout to him btw, I tried to find the post but couldn’t. + +How do you guys discover these companies? + +Thx bulls! +PLEASE SEE UPDATE TO THIS POST ---> [HERE](https://redd.it/6nq0u0) + +Most Recent Price Targets and Trading Range --> [HERE](https://www.reddit.com/r/ethtrader/comments/6nq0u0/ethereum_update/dkdx1fz/) + +(As is not unusual, people inevitably become defensive or angry when facts are explained contrary to their held beliefs. I urge you to take this simply as an attempt to help you make a more informed decision, and nothing else. Use this opportunity to add to positions when you see fit, but do so in an informed and responsible manner.) + +Having just completed an aggregate of $360k in Tezos, TenX, and Aeternity ICO's, and because I work for an asset management fund that handles alternative assets, I have spoken to several of the foundation board members and founders for 6 to 7 ICO's who will be offloading their raised funds, so there is going to be a huge flood of ETH coming back into the market in the near future. + +By a huge flood, I mean roughly ~$175M is likely to be sold back onto the market over the next 5 months or so. Not including any future ICO's which we might handle. I know roughly this amount for certain because that's what we have agreed to purchase OTC and exchange for several recently completed crowdraises. Not sure to what extent other brokers and asset funds will be helping convert these recent crowdraises, so this number could be substantially higher. + +ICO's are not slowing down, and the demand for ETH will likely continue in relation to the need for participation in future token sales. However, let me wholeheartedly warn you $190 isn't the bottom, we will likely see closer to $100 when all is said and done. Our portfolio has a NLT price of ~$97, and we'll be slowly dripping roughly 950k ETH into various exchanges. (This NLT is not exact and shouldn't be taken to be exact, as some users have mistakenly done so) + +As a result, the supply curve is going to be thrown very out of whack with various companies liquidating their raised funds. (Regardless of how meritless and overvalued they are) These overvalued raises have provided myself, and several other analysts that I work with, great hesitation in the price action in the near future. This technology and protocol aren't going away anytime soon, I just genuinely don't want to see people get wiped out of their entire position by buying these recent pullbacks. Let me fully disclose that I hold ETH, XMR, and XRP, and that I want nothing but success and price gains for all of them, I am simply trying to highlight a growing concern that is playing out as we speak and will likely continue into Q4. + +If you're a trader looking to rebuild a position, tread carefully as these insiders have already expressed their liquidation plans to myself and other firms as well, and we are currently in the strategy and analysis stage of how to do so in the least disruptive way possible. +In other comments below I have discussed various strategies that are commonly used to ensure we do not incite flash crashes or panicked selling by offering more than the market can handle. (See Link Below) + + +This is akin to walking a tight rope: balanced supply of what we need to liquidate on one side and demand expressed by the markets and institutions on the other side. Let's keep this civil and positive, pullbacks happen, and are healthy use it to grow your portfolio. + +Sincerely, You Crypto-Asset Fund Manager + +Ps. For those wondering the underlying strategy of my job, here ya go. [Enjoy :)](https://themerkle.com/what-is-a-bitcoin-dark-pool/) +As I'm sure you are all aware of, the flash crash that occurred a little over 2 weeks ago highlights a potential result of the [irresponsible liquidation](http://www.marketwatch.com/story/what-caused-the-ethereum-flash-crash-2017-06-22) + + + +Disclosure: Long ETH, XMR, BTC, and XRP +. + +. + +. + + + +Current Price Updates: + +Time of Post - $199.02 - USD - (7:20 PM - EST) - July 14th + +First Update - $181.38 - USD - (9:50 AM - EST) - July 15th + +Second Update - $164.24 - USD - (9:12 PM - EST) - July 15th + +Third Update - $130.50 - USD - (9:05 AM - EST) - July 16th + +Fourth Update - $168.04 - USD - (9:16 AM - EST) - July 17th + +Fifth Update - $193.75 - USD - (9:15 AM - EST) - July 18th + +Sixth Update - $222.23 - USD - (9:12 AM - EST) - July 19th + + +. + +I cannot and am not attempting to tell you where the bottom is, and any analyst or trader that says they can is being supercilious. I'm simply highlighting market forces for the near term that will inevitably drive the price of BTC and ETH lower from where they have currently been trading. Realistically you should never attempt to catch a bottom and rather scale in over time, cost averaging around what ends up being the bottom. Good Luck Fellow Hodlers + +. + +. + +. + +. + +. + +. + +(Edit) + + "We're doing really well as far as pairing off blocks, we're probably just shy of 50% through our first tranche with 2 more smaller tranches to go. It likely won't go higher than the $240 - $260 range, and if it does it'll likely be brief and unsupported at those levels. + +Again this is based on "current" metrics. We're seeing the strongest demand between roughly $210-$234 this seems to be the sweet spot and we've been able to increase our daily outflows. But this is likely to fade in the weekend look for sub $190 by Friday. + +Can't be certain, but the demand is holding steady (for now), and our pool is really cranking out our outflows. Best of luck. The main concern is that 3 more ICO's just closed this week and are likely to begin divesting soon thereafter." --> [LINK](https://www.reddit.com/r/ethtrader/comments/6nq0u0/ethereum_update/dkdx1fz/) + + + +Hey guys, have you heard that: "The Solana Network is currently experiencing degraded performance due to an increase in high compute transactions, which is reducing network capacity to several thousand transactions per second. This is leading to some failed transactions for users." + +I would like to hear your opinion on this matter. And also ask a question, maybe Solana is not a real "Ethereum killer", since it cannot cope with a large number of transactions, and this title is claimed by, for example, NEAR Protocol which has sharding and is already ready for a heavy load on the network? +You read that right. Closing on 565k property and appraisal came back at 390k… our lender says he’s never seen anything like it. This is a flip bought at 200k and completed in 3 months. Reasons listed are near busy road, bonus room does not count as square feet so loss of 1 bed and 1 bath, next to rock quarry, unknown status of in-ground pool and spa. We are challenging appraisal as comps were not great match and house is being currently taxed with square footage of bonus room included. Even with some increase, let’s say it goes up to 450k and we provide 10 cash, is there any world where seller would agree? + +EDIT: This is property in high traffic tourism area with huge cash on cash return for short term rental even with 565k. Yes, we did do comps. We expected it to come in around 515k and figured seller was just getting greedy and we’d renegotiate when time came… didn’t expect it to be THAT LOW. Both selling and listing agent were floored and adamant appraisal is far off. House is business zoned so even if ordinance/laws in town change about short term rentals, it wouldn’t affect property. Should note “quarry” is more like a rock pile area vs active site and main road is probably far enough away where you notice it but don’t NOTICE IT - in case of short term rental is right near all main attractions. As we all know, getting offer accepted is a full sport these days so we plan to just offer what it comes back at 2nd time, but have no issues walking. +When I made the statement 2 years ago at this point, bitcoin was much less mature and far lower in value. I had always believed that at some point it would hit 10k, but I didnt believe it would be before the end of 2017. Needless to say, I was wrong. + + I am invested in bitcoin and have been a supporter since 2012, so hitting 10k was a mixed bag. I will still be bag holding my coins going forward, but unfortunately my testicle bag will have to part with half its stash. Without further ado, here is the video.WARNING: THIS IS GRAPHIC AND NOT FOR THE SQUEAMISH! + +~~https://www.liveleak.com/view?i=2f5_1512012007~~ taken down + + +https://streamable.com/svn6e + + +Hi, everyone. My wife and I recently relocated to a large US city, and we are seeking new doctors. We're in our 50s and are in reasonably good health. I've started looking into concierge medicine options. + +The range of prices I have encountered is astonishing. From as low as \~$2K per year up to a stunning $40K/year per person! + +The $2-3K options are not affiliated with top local hospitals. FWIW, my sense on the $40K option is sort of a luxury good. In other words, I think a lot of the value seems to come from the ability to brag about paying $40K/year for your doctor. + +I am leaning towards the concierge service offered by the most highly rated hospital in the area. My thinking is that this gets you into the best system, and makes it easy for the concierge doc to refer talented specialists when needed. This service comes recommended by a friend. It would cost us $5-6K/year each. + +I'd love to hear feedback and advice from the community. Where do you think the price/value curve flattens? Is anyone paying >$20K/person? Do you think you are getting differentiated value? + +Thanks! +Just read the book “Die with Zero - Getting all you can from your money and your life” by Bill Perkins. + +Some really interesting concepts and actually made me reassess some of my spending / saving goals. Just wondered if anyone here has read it and had any opinions or thoughts? + +Edit - Just some info on leaving children or family money - The book talks in detail about this, the idea that if you want to give your kids (or other family members) something, then give it whilst you are alive. This normally means you give them the money at a stage of life when they need it (say in their 20s to buy a house) than in their 50s when you die. +Hi guys, +I have a couple of watchlists of stocks on Kite which shows the previous close/open percentage change but I'm looking for a way (Kite or third party site or any other way) to monitor real-time percentage change from 52w high (even better if there's an option to change the time range from 52w to 1 month or 3 months) + + +Thanks :) +I've read this subreddit for years and never felt that I had anything of substance to post. I value the ethos of FI tremendously and came across it while already doing some of the things anyways (cooking my own meals, paying down debt, investing in index funds, etc.) but wasn't truly on the FIRE path because I was wasting a lot of money on things without realizing it (cable TV, eating out at crappy restaurants too much, ordering crap from Amazon that we didn't need, etc.) + +So I realize none of this is really all that unique. What I wanted to share is that my wife and I had some friends that also discovered FIRE around the same time, and went much more hardcore into it. They stopped going out to eat for any reason at all; would never go get a drink for any reason; would never buy something new for any reason; moved 10 states away and now live like hermits. In essence, if an activity cost any money at all, they just wouldn't do it. While they are definitely going to achieve FIRE earlier than we are, they've sacrificed a lot of things along the way like friendships and relationships, and it has led me to much contemplation about the differences in our paths. Some of the relationships I've kept by doing things like going out for the occasional drink have led me to conversations about jobs and career choices that catapulted me into interviews and new jobs that have ended up tripling my income, while these friends of mine are still scraping by earning the same amount they always have. Our savings rate of ~40% is nowhere near theirs and certainly not bragging rights on this sub, I realize, but we still have a rich social life and enjoy ourselves along the way, while our ultra-FIRE friends have faded completely from our social circle and live a pretty spartan existence. + +I realize that in itself is worth considering, too; perhaps they've chosen to remove themselves because they feel that these social connections to people that don't understand their FIRE motivation are hampering their journey. Maybe they really are happier without having friends or ever going out for a drink. I don't mean this post to say that they are wrong and I am right; or vice versa. The roots of this movement were about giving up consumption and I recognize that I really haven't been able to completely do that. The point I was really trying to make with all of this is that however you found yourself on this path, it's important to remember to think through these kind of considerations - is it worth giving up your friendships because of your dedication to FIRE? To us it wasn't, and to our friends it was. I wish them the best and I am a bit jealous that they'll be truly FI earlier than we will. But I've also had a lot of really good times along the way with the friends we all shared, and there is a hole there where they are missing from it all. +Has anyone else had these kind of thoughts or experiences along the way? Am I going to get downvoted to oblivion for not belonging here? I'm more curious than anything. +Hello fellow Apes, + +**Obligatory Disclaimer: I am not a Financial Advisor, and this is not Financial Advice. Always do your own homework. That being said.. lets get started.** + +**TL,DR:** Hedies R FuQ. I used data from FTSE Russell's own Database 'Mergent Online' to calculate the current ownership numbers for GME... and my TITS ARE JACKED. + +I found some very interesting ownership numbers for GME today. I am using Mergent Online as my data source, which is produced by FTSE Russell.. yes the same FTSE Russell that runs the Russell 2000 Index, which GME is *currently* a part of. I have access to Mergent through the university I am currently at while finishing my bachelors in Finance in a few months. + +Now before we get fully started on a simple ownership analysis.. I'm going to take us on a trip back to middle school math class and the dreaded topic of Algebra. Proportions and Cross Multiplying are a pretty simple topic and go something like this: + +&#x200B; + +[Proportions and Cross Multiplication](https://preview.redd.it/mz00tbfuwy171.jpg?width=720&format=pjpg&auto=webp&s=8b5901da8109b43c71e29b3807a9a5637e8fb716) + +For making Ownership calculations we need a base to go off of. Mergent Online (once again information reported by the index that GME is a part of) reports the ownership of GME at the following: + +[GME Ownership](https://preview.redd.it/6io407b6yy171.jpg?width=3634&format=pjpg&auto=webp&s=ea4aaabfb669429f115e1adb79cfdfbb65828caa) + +Mergent Online has **GME Shares Outstanding as 69,936,000**. We need to keep in mind that this is a number reported **as of 1/30/2021**. Since then, GME has made a secondary offering of 3,500,000 shares. This gives us an **Issuer-Stated Total Shares Outstanding of 73,436,000 or 73.436 Million shares.** + +Now that we know how many shares there are ***supposed*** to be, lets check out the Insider Ownership. + +&#x200B; + +[GME Insider Ownership](https://preview.redd.it/9haw4oug0z171.jpg?width=3622&format=pjpg&auto=webp&s=14a97865a44e6a912bf5246a906f1219fde92345) + +We can see that the Insider Ownership is broken into two distinct categories: **Direct and Indirect Ownership**. Direct Ownership is when the shares are listed *directly* in your name, and not say.. in shelter company like **RC Ventures**. We will do two different calculations in order to display the situation correctly. + +Mergent lists the Direct Ownership at 8,057,864 shares totaling 11.52% ownership pie (we all like pies). This leaves 88.48% left over.. ***but how many shares is that wrinkly brained ape?*** Lets put our trusty friend **Algebra** to the test. + +(11.52/8,057,864) = (88.46/X) + +11.52X=712,798,649.44 .. now to find X we divide each side by 11.52. + +X=61,874,882.76 + +Now to check our math we add the 88.46% to the 11.52% to get a total ownership number. + +**Previously stated ownership: 69,936,000** + +8,057,864 + 61,874,882.76= **69,932,746.76** + +To me.. being around 4,000 shares within the "Stated Shares Outstanding" checks out enough to me. To calculate the Free Float I added in the extra 3.5 million shares that were a part of the secondary offering **(total shares outstanding 73,436,000)** + +This would put GME at a **Free Float of 65,378,136 shares.** + +**BUT APE NO INCLUDE TENDIE MASTER!!** I know, we are getting there. + +\***RC Ventures WAS NOT listed on the "Direct Ownership" list. The Indirect Ownership is stated at 15,760,670 shares.** + +Adding the two 'Insider Ownerships' together gives us the following: + +8,057,864 + 15,760,670 = **23,818,534 for insider ownership** + +This new number would give us a **Free Float of 49,617,466 or 49 Million shares.** + +*Up until this point this is all stuff that we have basically already known.. its about to get a little more spicy.* Next we will cover the **Institutional Ownership** side. Now the Institutional numbers have always been wacky for GME, but I believe these next calculations provide insight into **just how big of a hole hedgies have dug themselves.** + +**GME Institutional Ownership- As Stated by Mergent FTSE Russell:** + +&#x200B; + +[Hedgies R FuQ](https://preview.redd.it/z3kg7s9q5z171.jpg?width=3647&format=pjpg&auto=webp&s=dcd3b4b6e56200b41888ca0102fd80528de62b8e) + +**Two things IMMEDIATELY stand out to me: #1 Institutions own 56,158,356 shares.... AT 28.87% ownership.. WHAT?!?** This statistic is what is ***REPORTED*** to the index, these numbers definitely could be fudged.. but most likely to the downside and not the upside. + +***So smart Ape.. if Institutions own 28.87% of GME with 56M shares.. how many shares does everyone else (aka Insiders and Retail) own at 71.13%?*** Once again, our friend Algebra comes into play. + +(28.87/56,158,356) = (71.13/X) + +28.87X = 3,994,543,862.28 (now we divide each side by 28.87) + +**X= 138,363,140.36 or 138.36M shares.. GO APES!** + +If we then subtract out the higher Insider Ownership number (Direct + Indirect) this gives us a ***Retail Control*** **of 114,544,606.36 shares or 114 MILLION SHARES.** + +***What the Fuq did hedgies get themselves into?!?*** + +Now according to the "Institutional Ownership" numbers I wanted to see around about how many **Naked Shorts** the firms had rehypothecated. To get the Total Shares Outstanding we would then add Institutional Ownership with Retail and Insider Ownership stats: + +56,158,356 + 138,363,140 = **194,521,496 shares.. 194 million fuqing shares.** + +So with the institutional numbers and the Issuer stated numbers I came to the conclusion that: + +194,521,496 - 73,436,000 = **121,085,496 or 121 MILLION SHARES NAKED** + +**What did Kenny get himself into.. well covering 121 MILLION shares he can't get his hands on because 114 MILLION are in the hands of Apes.** + +***Please keep in mind these are the reported numbers.. they could truly be MUCH higher.*** + +I am always open to criticisms and questions/discussion. + +**Be Excellent and Rock on Fellow Apes.** + +\- H3RB + +Edit: Here is the screen shot from above with the dates highlighted for the base calculations: + +&#x200B; + +https://preview.redd.it/tr50evybjz171.jpg?width=3354&format=pjpg&auto=webp&s=8e1f8f284ff23268916cabf08369388a8b1947bd + +Edit 2: Full Screen Shots of Institutional Ownership Stats: + +&#x200B; + +[Institutional Ownership 1](https://preview.redd.it/nwicrfepoz171.png?width=3693&format=png&auto=webp&s=473fcf5d17515aa04e6c6cc8150696426c04bba5) + +&#x200B; + +[Institutional Ownership 2](https://preview.redd.it/dia9iacsoz171.png?width=3644&format=png&auto=webp&s=364688f6593f56bf6726ec2a440c2cc0b41877f5) + +Edit 3: Direct vs. Indirect Insider Ownership **RC Listed as Indirect** + +&#x200B; + +[RC Listed as Indirect](https://preview.redd.it/oz019rwsxz171.jpg?width=3668&format=pjpg&auto=webp&s=861b89415e9b82028514b010ad6e0be7189705e1) + +EDIT 4 (5/29 afternoon): I am doing a more comprehensive review of ownership comparing the numbers reported by Mergent and FTSE Russell to those of: GameStop Proxy, Yahoo Finance Premium, FinteliO, Whale Wisdom, Koyfin, Fidelity Research, Nasdaq, CNNMoney, and MarketBeat (I think I named them all.. may be more I'll update as needed). I am trying to match numbers to see if I can find any discrepancies in data reported. + +I have also contacted Mergent & FTSE Russell to try and see if I can get any information on *how* they source their information. On their website it states they have a **dedicated data team that updates the data live daily from multiple market sources**. I am not sure how true this is, but in the data columns it did say "as of 5/28/21". I will updated on any information about data sources that I receive. +(Originally posted Friday, reposting for visibility) + +What’s up + +FTSE Russell’s website has been crashing for the past 5 hours but I was finally able to get it to load. Today, FTSE Russell announced preliminary changes to some of their indexes. + +Why is this important? Well previously, **GameStop was in the Russell 2000, 2500, and Microcap indexes**. You can see how companies are organized into these indexes [here](https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf?_ga=2.52998315.2077289559.1622740584-1724202943.1618684881) page 21. + +GameStop was in these indexes because they are market cap weighted, and as of the last reconstitution **in 2020, GameStop’s market cap was a measly ~$200M dollars.** It was scraping the bottom of the barrel for these indexes, even the microcap one. You can see the ranges for these indexes [here](https://www.ftserussell.com/research-insights/russell-reconstitution/market-capitalization-ranges). + +Now this is a big deal because as you can see from the median market caps for the mentioned indexes, **GameStop was on the bottom half of each one. But the date of record for adjusting stocks for 2021 was May 7th, and GameStop’s market cap was a *whopping* $12.5B.** + +That means **it should be removed from those three indexes**, and **added to the Russell 1000, 500, and Midcap.** Now typically this isn’t a great thing for price action, [this article](https://www.nber.org/digest/nov13/stock-price-reactions-index-inclusion) discusses how going from the top of the 2000 to bottom of the 1000 causes selling pressure due to adjustments in weight from one of the heaviest weightings to one of the lightest weightings. + +However, our pal GameStop has been putting in work recently. Using the medians from the link further up, you can see that **GameStop is going from below the median (bottom 50%) in the old indexes, to above the median (top 50%) in the new indexes** (other than in the Russell 500). **This means that it will gain weight** and **passive fund managers will have to buy oodles of our favorite stock to accurately match the new Russell indexes.** + +The Russell 1000 is a big deal as far as index funds go, much harder to short a whole index of Wall Street favorites compared to the 2000. **Apple, for instance, is one of the top holdings in the Russell 1000.** There is also the question of what happens to previously shorted ETFs containing GameStop. + +Now, this is just speculation, albeit heavily supported speculation. **FTSE Russell hasn’t released the official index changes for the 1000, 500, and Midcap just yet.** They should announce the changes in one of the updates on the 11th, 18th, or 25th. **But they did announce changes for the microcap today, and [GameStop is being removed](https://www.ftserussell.com/files/support-document/russell-microcap-deletions-2021), thus confirming the theory.** + +Shoutout /u/WisePhantom for the links + +TLDR: GameStop is most likely getting added to the Russell 1000, 500, and Midcap, at a greater weight than it was when it was in the Russell 2000, 2500, and microcap. This is very bullish if true and should result in buying pressure due to passive funds rebalancing ETFs that track the Russell 1000 and others. The reconstitution should be finalized by the 25th. +My friend was saying he expects higher than usual inflation due to higher government spending, but that it shouldn’t make much of a difference in his spending or investment decisions if his wages increased as well. Is this right? Or is the problem that wages usually don’t keep up with inflation? + +His point was that if inflation goes up and his wages goes up things even out. Stocks go up, debt goes down. + +So how might this kind of inflation actually affect us? +Survey reveals young people expect to retire at the age of 63 (and 8 months), and one in eight are looking to retire by 55. + +Source: https://www.google.com/amp/s/uk.movies.yahoo.com/amphtml/young-people-expect-to-retire-by-63-eight-months-pension-103609263.html + +Better get those pension contributions upped, kids! +Hi all, + +I just received my water and power bill and it was nearly $2000. I don’t understand how this happened. I’ve never had a bill even a fraction of this much, and the DPW confirmed that this address has never had such a bill. + +This bill is split pretty evenly between electric and water, both being almost $1000 each. + +Period is 6/7/22 - 8/18/22 + +The only thing I can think of is maybe the construction the landlord is doing out back on another unit. I’ve seen them use our hose and plug in their tools to our outside outlets. Could they be using a bunch of water to mix cement and stuff? + +We haven’t changed our lifestyles but the bill is like nothing we’ve ever seen. + +Any thoughts? Thanks + +— + +Added: + +4153 kWh + +78 HCF + +— + +More added info: + +They said they were apparently splitting off the apartment out back onto a separate meter. They also dug up the backyard to access all the pipes underground during construction. Maybe they did something there? + +They replaced our hot water heater out back at one point. + +— + +Had the Mrs. check the electricity meter. It does indeed show what they say. I’ll check the water meter when I get home. + +— + +Looks like the landlord set the sprinklers to turn on every night in the wee hours of the morning. Could that be it? 58,000 gallons… in sprinkling a small lawn? + +Either way, I’m definitely changing that. Lawn doesn’t need to be watered that much. +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! + +Like most of you I read the post « Attention Superstonk » from the mods. I fully understand the point of view of Reddit Admins and I really appreciate the professionalism and dedication of the mods. + +Unfortunately, bad actors could easily get Superstonk banned/nuked in less than 24h anytime from now by impersonating r/superstonk users and intentionally breaking the reddit admins rules. Seing the dedicated level of fuckery from the bad actors, why would they not try that? And they will hit at our worst time to create mass panic. + +Better be safe than sorry, I think it’s time to set up an official Mastodon server for Superstonk as a Plan B, it will be an ark of Noah just in case. + +A lot of nice apes try to make one, there are now multiple unofficial superstonk. + +I think it should be made by the mods and pinned as the official mastodon for our community (I also feel bad to ask mods more work, they already do an incredible job). + +Or we could designate an already existing Mastodon superstonk server as the official one but this introduce more risks than the mods making the official one. + +Worst case scenario: a few hours wasted setting up the servers +Best case scenario: it’s the ark of Noah and limit mass panic incase r/Superstonk is nuked + +Feel free to talk about it but seriously I see it coming, they will nuked the sub (speculation of course) + +Edit : TL;DRS : +The subreddit r/superstonk is now vulnerable and bad actors could now get it banned instantly from now, setting up an official Mastodon server by the mods would allow us to considerably mitigate this vulnerability and to have a Plan B. Being 100% dependent on Reddit is a risk that bad actors will exploit (if I was them with the same ill intentions). +So I'm 40yrs old and I have basically nothing for retirement. I'm a late bloomer financially speaking since the whole personal finance thing didn't hit me until last summer. Then corona came along. Lucky I didn't hit me to bad and only went about 5 weeks not working and I had enough money to get by but now I'm starting over with the worry of going back to not working. + +My income is 19.50/hr and a normal work week is 58.5hrs. And I have a separate account for 30 a day for per diem. When I do my budget I work with 600 a week. I low ball my income on my budget to keep myself in check (still learning financial responsibility and spontaneous spending). I'm working on my credit and paying down debt. At the same time as saving for emergency fund. + +My question is is there a faster way to save? My first idea is to get a CD and put money in savings at the same time. After a year use the money from CD and move to an investment account and hopefully start having my work generate a little more income to work with. Are my thoughts on the right path or am I just gonna spent all this time and not have it pan out when there are better options? And I know this takes patients and is a big part of it but I also want my money to work for me and actually feel I'm financially improving. Any advice is much appreciated. +Sup Apes + +Not financial advice in the slightest. I am retarded. + +First and foremost, before I begin, I honestly (if you couldn't tell by the title) think I cracked the code. I'll show you why as you dive into this DD, but the simplicity of it all when you realize it will have you sitting there thinking "wow, I am retarded. How did I not notice this?" + +Without further ado, my one request as is per all u/possibly6 posts is to play something that fits the vibe. For today, that is this: [https://open.spotify.com/track/49X0LAl6faAusYq02PRAY6?si=2892c25c9beb4a26](https://open.spotify.com/track/49X0LAl6faAusYq02PRAY6?si=2892c25c9beb4a26) + +A preface, I admit that previous analysis has been incorrect. Not all of it, but for the most part the recent GME analysis has not been on point. I own it, and all it does it make me scratch my head looking for data points I may have missed, because I've never encountered something as hard to predict as GME using BASIC (key word) technical analysis. What I've realized is i really need to think outside the box here, and not take the approach I would with a traditional stock. + +In terms of SPY, that's been more or less spot on. Won't be going too in depth on that today, I have so much to say for that as well. But, so far the count has been holding up. + +onto GME. For those that follow my twitter, I tweeted this today: + +[noice?](https://preview.redd.it/ptdjbfmj08f71.png?width=1156&format=png&auto=webp&s=69e68226a08052df79083d1d27d844b543bcd978) + +&#x200B; + +[noice.](https://preview.redd.it/sklyn75o08f71.png?width=1032&format=png&auto=webp&s=8cfec712872d49126af6c85aeb3154f5594005a1) + +okay, so what. This is super basic Fibonacci TA. what's so special about it? + +And this my friends is why I have been incorrect in my previous assertions. I wasn't looking big picture enough. I was analyzing GME like any other ticker I normally would, which don't get me wrong works in the uptrends, but does NOT work to predict the end of a downtrend technically speaking. + +On a super basic level, we can expect a wave 2 to retrace ideally 61.8% of the entire wave 1 move. This would have theoretically put GME at a low of around 203/204. That failed, 78.6% failed, 1:1 of A failed, you get the gist. It had me scratching my head. Was I missing something? + +Nothing is unpredictable or unexplainable, the issue is there are so many ways to predict an outcome, how can you be sure your hypothesis is correct? + +anyway, I decided after being incorrect in my supposed bottom targets time and time again, I took a step back to see what was really going on. + +Now for the analysis so simple you're gonna read it and think to yourself, "wow, how did I not think of that?" + +I've seen so many "we are here" posts when compared to the previous cycle with no real data to back it up. Well, I present to you, my OCD project. Why GME has been so stagnant and how we can predict a reversal. + +So what did I do? I did what any retard who makes incorrect predictions would do, **I counted**. day by day. each daily candle. I started from the top of the March FTD cycle as that was the last completed cycle with the slower rip and the longer lasting dip. + +[DUH](https://preview.redd.it/5indm7cg68f71.png?width=2012&format=png&auto=webp&s=0cc50c001afd859d46553c2667bcc53ae155b9ac) + +On the surface, first of all I can't believe I haven't seen anyone else take this approach. It's pretty obvious at this point that GME moves cyclically. I won't dwell on t+21 or t+35 whatever, that doesn't really play a role in my analysis. What I can tell you is that we should theoretically have 3-5 more days of stagnation before we begin to move, at least when comparing previous cycles. + +Let's dive deeper. + +Weekly chart (this is where it really started to click): + +&#x200B; + +[voila](https://preview.redd.it/yd9vmz8c78f71.png?width=2366&format=png&auto=webp&s=65c1cd482168e90a854ea196c6dc074ed05a77cd) + +take a minute and study the candles. Fuck whatever chart patterns patterns you think you see, that's irrelevant right now. The most basic answer is usually correct. + +Okay, so today marked day 39 of stagnation, the last cycle had 43 days of stagnation since the march high before the cycle started to ramp up again. If this theory is correct, we should theoretically see another few days of boring action before really ramping up next week. BUT, we should also, at least if the candle patterns match up, begin to slowly uptrend from here into next week, but don't expect any face ripping quite yet. + +Onto the fibs: + +[.854 in blue](https://preview.redd.it/k158nkj588f71.png?width=2486&format=png&auto=webp&s=a5238347eb4ac657c878a8f14f61dd1c91c0abb7) + +this is a daily view, in typical TA, to see if a trend is bullish or bearish , you want to see candles close above/below a significant level to affirm your bias. In this case, we broke below 150.15 today, but closed above. This hasn't always necessarily proved true for GME, but for reference, if you look at the first red candle to touch the .618 level (gold) you'll see it actually closed below, which in hindsight was a que to expect more downside in the future, but I bought there anyway lol. + +From here, if the weekly candles replicate themselves, which so far they have pretty accurately, we can expect a doji candle for the week. + +[doji](https://preview.redd.it/k3wklyua98f71.png?width=625&format=png&auto=webp&s=58c7ed76a4bc5d75d2feb822851db07bbf9a9ab5) + +&#x200B; + +&#x200B; + +[yes](https://preview.redd.it/6h5nektf98f71.png?width=1272&format=png&auto=webp&s=72cf23375b7d5da6a332c6e7bac5884d1a278b94) + +to form this pattern, price will likely break above this weeks high, though settle back down close to this week's opening price of around 162. IE, I predict this week we will close right around 160 if this analysis holds true (ish) + +Normally this type of analysis will make you lose a lot of money on normal stocks, as they are not quite cyclical like this, but GME is obviously very far from normal. + +Another reason I think today marked a low for the week, besides the bounce off a critical fib, fib time extensions. As we made a new low today within wave 2 (of around 148), the trend is (was) technically still bearish. With fib time extensions, we can often predict the end of a trend. Fib numbers are everywhere. I measured the length of the primary wave 1 (120 ish to 344) to get fib numbers in relation to that time period, visualized: + +[time extensions](https://preview.redd.it/rgr6lo06a8f71.png?width=2814&format=png&auto=webp&s=9d5bed5f4d2de4026d96d2f1f4c7364970d265db) + +You can see at the 50% level (white) this was seemingly the break of the trend, as we made a lower low but began to uptrend. The head fake. obviously we kept dipping, but this also narrows down our turn date targets, next one being, you guessed it, tomorrow (purple .786 level). + +IT GETS BETTER! + +The last cycle was a bit more wonky with the length and timing of the upside run, but low and behold, the .786 time extension of the move marked the very lowest of the cycle. this was march earnings. + +[purple .786 time extension marked the low of a wave 2 in march](https://preview.redd.it/q14aewvza8f71.png?width=1382&format=png&auto=webp&s=8a97b7beb2fdb75a5803b12f42de7c9882fab4d7) + +I have many more DD's to write but I don't want to compile all the information into this one. In terms of upside targets, I'll just give you one short term one to watch for with today's low because I fucking LOVE how the targets line up. + +Within a wave 3, the target for a super bullish wave 1 is a .618 extension of the larger wave 1 move within the overarching 3 (sorry, confusing but here's the visualization) + +&#x200B; + +[.618 in green](https://preview.redd.it/ju1kur75c8f71.png?width=2794&format=png&auto=webp&s=1ee11e5bd0de0223266619355608e54500e4ced5) + +Here's why I fucking love this, the target lines up EXACTLY with the gap down we had (green box) on earnings. fucking EXACTLY. Whenever this happens, I'm insanely confident that my count is correct if there is more than one method to predict a possible short term upside target. If you trade gaps, you would arrive at the exact same conclusion as EW, at least for a 1st target for a wave 1 within 3 of 3 of 3. + +Anyway, watch for a short term rejection around 290, but I doubt the retrace will be steep, as it wasn't in the previous 2 cycles. + +I think that about covers everything I wanted to talk about. I don't think this week will be particularly exciting unless we get some black swan event, next week though? The fun begins. + +shoutout the shills + +[nice ](https://preview.redd.it/tbtir2m5g8f71.png?width=656&format=png&auto=webp&s=db49647e142cb8e5d27976a66364fb113b6a5ad1) + +TLDR: just read it, lots of pretty pictures. Tidal wave incoming 🌊 + +edit: forgot to show you my log scale pitchfork, finally tested the lower bound: + +https://preview.redd.it/52vjy8gvg8f71.png?width=2642&format=png&auto=webp&s=b806c6ed2bc9a899aae06ef1d08e503412cc4a4f +https://www.cnbc.com/2019/07/03/boeing-sets-aside-100-million-for-families-of-737-max-crash-victims.html + +The funds will be available over the next several years, Boeing said. + +They aren't part of any compensation Boeing may have to pay to those who sue the company for damages related to accidents. + +A total of 346 people died in the two crashes in October and March. +Hi everyone, this is my first post here. I wanted to share with you some idea I have been implementing recently. I came across an NN model which predicts market moves using the limit order book data. + +# NN model + +I have trained a model to predict market moves based on the history of the limit order book. The model is based on the [DeepLOB](https://arxiv.org/pdf/1808.03668.pdf) paper and consists of the CNN and LSTM layers. A sequence of CNN layers is meant for automatic feature extraction while LSTM layer should capture temporal dependence. As input the model takes prices and volumes of 10 bids and asks closest to the mid-price for the 100 most recent timesteps (so vector of size 400 for the input). Based on this input the model infers probabilities of the down-move/no-move/up-move after several ticks. The labels are built based on the difference of the future and past moving averages, which are quantized to -1/0/+1 based on the specified threshold value. If the threshold value is too high (i.e. we try to capture only sizable market moves), the classes are going to be imbalanced and the prediction power of the model lower. The threshold value is thus chosen to indicate a move of size of several dollars. + +[Training results \(random guessing would have accuracy of 33.3&#37;\)](https://preview.redd.it/t1du7o8btmd71.png?width=698&format=png&auto=webp&s=7e10de1a306814663fa363ff78a43da80c4cee87) + +# Data + +I pulled \~3h of LOB data for BTC-PERPETUAL across several days from [deribit.com](https://deribit.com). I use data from one day for training and validate / backtest using data for another day. Splitting the dataset from a single day and using one half to train and another to validate / backtest yields slightly better results (perhaps there is a presence of a certain regime in the market). + +# Portfolio construction model + +In the original paper they act on the signal by longing / shorting a single futures contract and retain the position until the opposite signal prevails (in order to avoid buying / selling on a neutral signal). One could perhaps incorporate some ideas on Kelly criterion to size the position, however, in the current context it's not entirely necessary. + +However, since the model sometimes isn't quick enough to timely predict the opposite move, I have modified the strategy using EWMA to give up the position after a while if the neutral signal has been around for too long. + +[Top: predictions for the probability of the market move for 1 minute period. Bottom: best bid of BTC-PERPETUAL for the same period. Chosen strategy is colorbar at the bottom.](https://preview.redd.it/xtppf9enimd71.png?width=1780&format=png&auto=webp&s=ab2808b03b45625f7b4fb478ba06ed1b27416afa) + +[Top: best bid for BTC-PERPETUAL for 3 hours. Bottom: PNL profile for the same time period without consideration of the fees. Chosen strategy is colorbar at the bottom \(1 perpetual contract is traded everytime\).](https://preview.redd.it/yejvhwnhpmd71.png?width=1776&format=png&auto=webp&s=86a9c5e867e5118d82e297dd3e4debba3c2873b8) + +# Fees + +Major problem is that given the fees structure. In order to capitalize on the predictions, I have to cross the spread and execute market orders (since the markets moves against my limit order and it would never get filled). Lowest fees one can get in the BTC field are \~0.05% for liquidity takers (0.00% or even a small rebate for liquidity makers, there are some exchanges boasting no fees but they have huge spreads and tick size). Given the current value of around \~30k for BTCUSD it amounts to $15 for a trade. So my model has to predict a market move of >$15 on average. Obviously, the objective is to remove the number of trades and while only entering a position if the predicted move is strong enough to beat the \~$15 fees per contract. + +The model is, however, not perfectly accurate, and the predicted jumps are not always that large. I guess in the paper they cut corners and didn't put a lot of effort into the portfolio construction model since the general sentiment in acamedia for such matters is that investment banks have a lot of market power anyway and thus barely incur fees. + +One way out of it would be build a strategy with limit orders. However, as I can see it, limit orders could be used to capitalize on the excursion (a down-movement followed by an up-movement and vice versa), but not on a single move up or down. + +Anyway, I would be interested to hear your thoughts on the viability of this idea! +https://www.cnbc.com/2020/02/28/us-stocks-erase-3point18-trillion-in-value-this-week-amid-coronavirus-tailspin.html + +The S&P 500 lost $203 billion in value on Friday, according to estimates from S&P Dow Jones Indices. + +Friday’s losses bring the weekly total for U.S. stocks to $3.18 trillion, the firm’s Senior Index Analyst Howard Silverblatt told CNBC. + +Stocks cratered again on Friday as investors fled riskier assets amid intense fears about a slowdown in global growth caused by the deadly coronavirus. +[Livestream C-SPAN](https://www.c-span.org/event/?508545/robinhood-ceo-reddit-cofounder-testify-gamestop-stock) + +[Livestream YouTube](https://www.youtube.com/watch?v=RfEuNHVPc_k&ab_channel=FinancialServicesCommittee) +[https://www.smh.com.au/national/the-bulk-of-gps-aren-t-overbilling-you-for-their-priceless-care-20221018-p5bqpk.html](https://www.smh.com.au/national/the-bulk-of-gps-aren-t-overbilling-you-for-their-priceless-care-20221018-p5bqpk.html) +I don’t want my dad to go back to jail; but at this point, I’m willing to do what I need to do to get MY life back. I have been denied housing, transportation, etc. all because he has opened several accounts in my name. The frustrating part about it is when i dispute these with Equifax, Experian, etc. they don’t believe me for some reason. + +How can I escalate this? My father and I have the same name, except I have an additional middle name…which most of the time, I’m unable to add to the middle name part of applications & such (can only add one initial for the middle name most of the time). + +I’m done letting my dad ruin my life. I want financial flexibility and the peace of mind knowing he will never do this again. I am begging for any and all advice. + +EDIT: I always thought of Reddit as somewhere to go to get people’s “real life” opinions on random topics; video games, favorite 3 topping pizza combo—etc. I never knew that today, I would learn that this is a family. YOU ALL SHOWED OUT TODAY!!! I laughed, I cried, I reminisced, and I sat alone without my phone & did some deep thinking. I want each of you to know how much your input means to me; this post was never supposed to get this type of attention, and while it’s a sad situation, there is comfort in the empathy, love and protection you all have shown me. From the bottom of my heart, I am GRATEFUL for you all. I love you guys. +So from what I experienced so far I have to admit, like most others, that: + +1. Alpaca sucks and is unreliable/buggy at times. +2. Ditto for TD + +Not sure about interactive brokers... and others, but now frankly thinking about getting close to the source and bypassing the middlemen. + +From what I gather, and after passing my SIE and some good experience in the field having worked for a stock brokerage company as a software developer a while back, the steps are: + +1. Have a working decent algo. Kinda a requirement after all. +2. Register with FINRA (7k or so) after reserving a business name and having a corporation to use. +3. Approach exchanges as a FINRA registered company. + +I can see where some investors and guidance would be needed as the fees can skyrocket. Now if I stay a lone artisan the FINRA fees seem reasonable. + +I assume the exchanges use something like FIX for their data and some kind of basic protocols? What kind of technical stuff am I looking at? Given I am not a cargo cult programmer and can easily get down to machine language/ basic stuff and not afraid to get into hardware level tinkering I assume I could handle any low level protocol I am given but I would like to hear from industry insiders about their "non confidential" setup if they are willing to share. +https://www.cnbc.com/2021/02/09/spacexs-starlink-accepting-99-preorders-as-musk-considers-ipo.html + +Prospective users of SpaceX's Starlink can now preorder the service for $99. + +The company's website emphasizes that the preorders are "fully refundable," noting in fine print that "placing a deposit does not guarantee service." + +Elon Musk's company so far is offering Starlink to customers in the U.S., Canada, and the U.K. + +The SpaceX CEO also said that "once we can predict cash flow reasonably well, Starlink will IPO." + +Thanks for the awards. +This DD post was dropped over the last weekend by a Reddit user who has since deleted his account, shortly after dropping this thermonuclear of analysis on HOW the shares have been suppressed and WHERE they are most likely located. + +His username was u/leavemeanon, and in his post he claims that everything he is about to say is based on JUST 6 months of his own DD he has done and gathered, having no prior experience with market trading whatsoever. + +When asking myself why in the world, would someone go this far into a DD analysis and yet delete their account shortly after, along with calling themselves 'u/LeaveMeAnon', I only find myself concluding one thing, + +This. is. what. this. guy. does. He might as well be an unofficial whistle-blower who wanted no traces back to him, bc the info contained in his DD is PRECISELY what is occurring right now. + +Once you read through it, I guarantee you will come to the same conclusion I did. There is absolutely NO way someone can deduce what he has, backed with logical data and evidence-based links, to this extent and say they learned it all over the course of a few months. + +It is by far one of the best breakdowns I've seen, and the two topics discussed in detail are EXACTLY those which were used this week to short the stock down. + +ETFs and Married-Puts. + +It's a 3 part breakdown but you will want to get through the entire thing if you start, I'm genuinely surprised how under-the-radar this DD has flown. Mainly considering it has accurately described, and in a sense, predicted the movements we've seen this week. + +Don't believe me though, take a look for yourself and come to your own conclusion. Something the anon poster himself will also ask of you to do, based on his evidence. + +Here it is, + +[https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip\_uleavemeanon\_where\_are\_the\_shares\_part\_1/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/?utm_medium=android_app&utm_source=share) + +**EDIT 1:** Alright one of the finest damn smooth-brains in the comments section just brought my attention to some unbelievable information, until I saw it for myself..See his comment and the associated picture from my own digging into it! + +&#x200B; + +[https:\/\/nft.gamestop.com\/](https://preview.redd.it/gpad0nakxq471.jpg?width=852&format=pjpg&auto=webp&s=ac84dfb9f05dea98633bea1083429c2355a503e8) + +&#x200B; + +[https:\/\/etherscan.io\/address\/0x13374200c29C757FDCc72F15Da98fb94f286d71e#code](https://preview.redd.it/9pk4m8nrxq471.jpg?width=912&format=pjpg&auto=webp&s=3a81154224da79fc74091644e403b5c204247982) + +My tits have left the building. u/m40air You are the smoothest damn wrinkle I've had the pleasure of speaking to in a LONG time. Well fkn done lad! + +&#x200B; + +**EDIT 2:** Well squeeze my nips and call me Kenny. There's more... + +https://preview.redd.it/vvluk4mx5r471.jpg?width=832&format=pjpg&auto=webp&s=19ac68d97c31abfbabd963facd602aca572483b0 + +&#x200B; + +[https:\/\/nft.gamestop.com\/](https://preview.redd.it/846wo2na6r471.jpg?width=786&format=pjpg&auto=webp&s=7201e3c0dd352949ed4c920c9c81d9d1938c810c) + +I'm just going to leave these here..I do not believe in coincidences, BUT I will also not make immediate assumptions as to the connection these pics hold. Nonethefknless.....this is certainly hard to ignore. Come to your own conclusions, comment your insight onto the matter, and decide for yourself, what the above could possibly mean. u/sanchonumerouno thank you for your insight fellow ape. + +Either way, I know what I'll be jacking tonight....(🚀Y🚀) + +**Edit 3**: The following is a discussion I had with one of the apes who brought the above to my attention, upon being provided his go-ahead, I would like to share some additional insight he provided. It is **critical that any ape who reads the following discussion** ***takes it as speculation and nothing else until proven otherwise.*** That being said, **this ape makes a fascinating connection** that certainly did not cross my mind. So without further ado, we leave you guys to ponder upon the following, + +https://preview.redd.it/bi74z93ear471.jpg?width=838&format=pjpg&auto=webp&s=868cc4971c0d00a4a4e503ded36907a239ad6e0b + +**Edit 4:** You guys are truly something else..something special..**smoothingly special.** It would seem another fine wrinkle-brain below has additional insight into **another connection that may be related to 'Game On Anon' and** u/leavemeanon\*\*'s DD I originally made this post about.\*\* + +u/Relatable_Yak Well done lad, well done indeed. + +[https:\/\/twitter.com\/accel\_capital\/status\/1379930517613682690](https://preview.redd.it/c7a843qjlr471.png?width=752&format=png&auto=webp&s=f0702cd2e8f08e3ab21873f559e15825d5825930) + +The second link provided by the ape above directs you to this page..... + +[https:\/\/acceleratedcapital.substack.com\/p\/the-metaverse-index-](https://preview.redd.it/gnn5puuamr471.png?width=672&format=png&auto=webp&s=641829639c4c17ab9b8c5935d31ba2e488f5d0d5) + +Here's a further breakdown of **what you're looking at....** + +[https:\/\/acceleratedcapital.substack.com\/p\/the-metaverse-index-](https://preview.redd.it/0danmh5fmr471.png?width=1500&format=png&auto=webp&s=e23c25841b5422fa6032715edd24a72324772e83) + +and now, the last part which seriously caught my attention\*\*, understands that you are entering the\*\* \*\*\*smooth-brain speculation zone. I am making some of these connections as I go, relative to what I have seen and read about in the past. This info is still NOVEL and should be considered as such..\*\*\*here it is, + +&#x200B; + +[https:\/\/acceleratedcapital.substack.com\/p\/the-metaverse-index-](https://preview.redd.it/aeaihoplnr471.png?width=508&format=png&auto=webp&s=2cb02274c34635bae4847b14b5ddcb63c3c330b4) + +Now I highlighted the 4th bullet point here b/c the first thing I recalled upon seeing that statement, was the issuing of ***another company's first coin, which was done in the not too distant past...*** + +**I** could be wrong...but I recall this ***same company also issued this first coin on Etherium and is currently run by a chair..*** + +&#x200B; + +**Edit 5:** This is somewhat getting out of hand on my end, so if my ***speculations*** **are** reaching a bit here...take them only as they are until unless you see fit otherwise, as **grains of salt.** But I am coming to you once more...**with another ape's input into a tangible connection to 'Game on Anon'** + +**(**I am quite literally adding these edits as I review the comments on my post, this is about as **smooth-brained of a DD I would possibly ever find myself forming, as it initially was meant as a discussion but is forming into something far more smooth, so please, bear with me on this journey)** + +Here we go, the next commenting ape's addition to the build-up, + +***"Is this in reference to this guy’s username? It’s cool but I think I’m missing a step in the ladder that makes this mind-blowing. Could you spell it out for this smooth-brained ape?*** + +***Edit: Maybe I answered my own question here for anyone wondering:*** + +[https://www.reddit.com/r/Superstonk/comments/noytar/tinfoil\_hat\_why\_the\_game\_on\_anon/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/noytar/tinfoil_hat_why_the_game_on_anon/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)" + + u/Relatable_Yak coming through once again, this time possibly from an unbeknownst angle! + +Before providing the next piece of insight into all of this, shoutout to the OP of the link posted located by our fellow smooth brain above. [u/fraxybobo](https://www.reddit.com/user/fraxybobo/), I think you were onto something **big...welcome to the smooth-brain convention👩‍🦽🚀** + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/noytar\/tinfoil\_hat\_why\_the\_game\_on\_anon\/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://preview.redd.it/dqngl13wsr471.png?width=842&format=png&auto=webp&s=b42eacf17240b4d54fa41ca9e248eeaf4d985645) + +And here are my findings from continuing down this trail........**this next part is fkn mind-boggling.....**I looked up the game on steam and read its description to see what u/fraxybobo's post was referring to in regard to the game called **Leave Me Anon.....**see for yourself.. + +[https:\/\/store.steampowered.com\/app\/1349860\/Anon\_Hacker\/](https://preview.redd.it/xv5knh4dsr471.png?width=816&format=png&auto=webp&s=d08cf78769844f24f822896d550ad68f9d3016f1) + +I am also 1/3 Certifed reteard so absolutely none of this is financial advice. I still walk upstairs on all fours..and breathe through my mouth...**You have the links, and all that I have seen. The remainder as to what this all could mean is up to each and every one of you to conclude!** + +That being said, it might be a smart idea to ***buckle tf up*** 🚀🚀🚀🚀🚀 +I work in a tech space and mainly handle people and talent acquisition. Because of the labor shortage and strong hiring demand across the market, my role has seen a massive increase in pay. + +I love the company that I work for now. The work life balance is amazing and the culture is fantastic. But I am always open to having conversations about a new role if the numbers make sense and the interviews go well. I just finished final round interviews with this company and they verbally offered me over a 100% raise. I was shocked. + +My wife and I are about to have kids in the next year and we bought a house about a year ago. We a have a little bad debt ($25k in CC debt) + a car loan but it’s “manageable” at this point. But with this new role we could wipe out all debt in 6-9 months. Then we could start a family debt free with equity in our home. It seriously seems like a game changer. + +My problem is I love the company where I work and I am slated to be promoted in a few months. The pay increase wouldn’t be close to my new offer but I also want to take into account the importance of the relationships I have built at my existing company. What seems like the more sensible thing to do? Sorry if this seems like a silly question but I have never been in a situation like this. Kind regards. +Throwaway account for anonymity. + +Hello Everyone, + +I need some advice/help regarding my investment in ELSS fund via Kuvera. + +I have invested Rs.40,000 to Axis Long Term Equity Growth Direct Plan-ELSS fund on 1st Feb 2021. Payment was made via Internet Banking and it was approved. + +[Bank Statement](https://imgur.com/a/9MxINbz) + +[Kuvera App Screenshot](https://imgur.com/a/sxGh1Xg) + +It has been almost a month now(28-02-2021) I have been following with Kuvera via email and I am getting the same generic response every time. + +[Email communication with Kuvera](https://imgur.com/a/yA7FrWw) + +I am running out of options now, I don't know where to go for help. This is the first time in my life, I have invested in MF other than usual PPF and FDs after following this sub for sometime. + +I don't know whose fault is this. Please someone point me to the right direction. I am feeling very hopeless at the moment. + +&#x200B; + +# UPDATE + +* Got email from AXIS MF on 3rd March 2021, that transaction has been processed and portfolio number is assigned. +* th March 2021, portfolio details updated on Kuvera app too. +* NAV date is still 1 February 2021, so that's a relief. But can't underestimate the headache and sleepless nights for a whole month. + +Thanks! everyone and Kuvera for the efforts. I still believe in Kuvera and their customer support and I'll keep investing via their service in future too. +Newly constructed Townhome, that I am looking as an investment property to be leased out, is in a growing part of DFW. Local real estate is hot, so there is always the risk of buying at peak, but I see a lot of retail and office space being created, so post covid, I see huge potential. + +Looking at the numbers, townhouse is \~$430k, 25% down and with a 8% vacancy, all costs included would be $2600. Current rent estimate for comparable new leased apartment is $3500, so I am expecting at least $3200 in rent. [Here](https://imgur.com/a/X69ShHk) is the calculation. It's barely cash flow positive for the year at \~$2k, but I have factored in all possible expenses. + +Wife is worried that a) I am buying at the peak, b) rents wont necessarily increase over time if there is a downturn, so my barely cash flow positive property will turn negative, not to mention drop in property prices. + +Would like to know your thoughts. I think I may be experiencing the "fear of missing out" syndrome, so would love to get some unbiased feedback. + +Edit: Forgot to add. Charles Schwab, a Fortune 500 company, moved its SF HQ and has set up shop 1/2 mile away. Other employers in the area are Fidelity and TD Ameritrade. +So I just got divorced after 3.5 years. The whole process cost 48k in legal fees and then another £140k to buy her out of her share of the family home. + +I managed to do the above and clear all my debts completely including mobile phones, credit cards and any other minor debts. In fact, the only debt I have now is my new mortgage. I’ve only now just started to save for an emergency fund. + +My kids have been through hell over the divorce, and they have both been mentally effected. One is seeing a councillor. I really want to do something awesome for them, like take them on a holiday this year. + +The only way I can afford it is to get a 0% card and then pay it off over the 36 months. + +Both kids have only been on an airplane once each in their lives. They are 13 and 8 years old. + +I want to create memories for them, rather than physical items as the memories will last a life time. + +I’m completely torn tbh. They need a break. I need a break. Am I mortgaging their future? I’m pulling in just under 50k a year and I know I can pay it back. But why am I hesitant? + **$2 Million Dividend Portfolio:** +\- 40% SCHD (Schwab US Dividend Equity ETF): **2.94%** dividend yield +\- 15% XYLD (Global X S&P 500 covered Call ETF): **9.21%** dividend yield +\- 15% NUSI (Nationwide Risk-Managed Income ETF): **7.73%** dividend yield +\- 15% JEPI (JPMorgan Equity Premium Income ETF): **7.08%** dividend yield +\- 5% IEP (Icahn Enterprises Holdings): **15.83%** dividend yield +\- 5% QYLG (Nasdaq 100 Covered Call & Growth ETF): **5.37%** dividend yield +\- 5% DIVO (Dividend & Option Income ETF): **5.03%** dividend yield + +**Annual Revenue (before taxes):** +\- SCHD: $23,520 +\- XYLD: $27,630 +\- NUSI: $23,190 +\- JEPI: $21,240 +\- IEP: $15,830 +\- QYLG: $5,370 +\- DIVO: $5,030 + +**Total Annual Revenue (before taxes):** +$121,810 + + +Thoughts on this approach? +I am trying to find the balance between taking out profits and reinvest them somewhere else (or leave aside to reinvest when asset dips) vs leaving them compounding hence taking advantage of appreciation of assets plus the rewards. + +I invested into DeFi (crypto) three months ago. The APR is currently around 60% but it was 100% when I started. I put a chunk of money and managed to pay off most of the Credit Card debts by taking profits everytime the asset made a new ATH. It reached the point where I had almost triplicated my initial investment and today I am back to square one (though without CC debt). + +In the crypto space people say that is better time in the market than timing the market. However this was obvious and I knew the dip was coming. I just had to watch my portfolio go down up to 60%. If you are familiar with crypto you realise this is common, specially after hyped rallies up. So I guess this is where I failed. I did not have a plan to follow so I just held. + +What would be the best strategy to take out profits vs compounding? I guess I'm looking for experiences or strategies that have worked for you or advice. Would be appreciated. +&#x200B; + +[$8.89 close back in 04\/26\/2019!! ](https://preview.redd.it/5w11854xpmv61.jpg?width=999&format=pjpg&auto=webp&s=5b2b55de6ab3934bb618b1c193dba89d191abf47) + +Edit 3: OMFG, I was wrong! Thank you, u/ixAries, for pointing it out! I took a photo of 2019 and not 2020! It's even more interesting to compare it now! + +&#x200B; + +[April 27th, 2020 - GME Market cap was $411M !!!!! With the money they got today for 3.5M shares, they could buy the entire stock and keep $139M!](https://preview.redd.it/yx5jor9symv61.jpg?width=994&format=pjpg&auto=webp&s=efe43569f8819b2ed7885bc3e88019898c5c33a3) + +&#x200B; + +Edit 1: Many APES are questioning the price move today. I truly believe this excellent DD by u/ihatedmyboss has an excellent explanation about what happened to the price today during normal trading hours. The stock moved without any news. + +Linkt to the DD: [https://www.reddit.com/r/GME/comments/mfk7xa/gme\_price\_significantly\_jumps\_every\_2122nd/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/GME/comments/mfk7xa/gme_price_significantly_jumps_every_2122nd/?utm_medium=android_app&utm_source=share) + +The after-hours move was a totally different story. The great news moved it. + +Based on u/ihatedmyboss DD, this has been happening every month since December 2020. We can have another confirmation tomorrow if the price explodes. Please read it and get informed. I wrote down on my calendar the next day this is going to happen. It's going to be from May 27th to June 1st. + +&#x200B; + +Edit2: NSCC-2021-005 was signed today. It's fully effective in up to 20 business days. This is a shit ton of rocket fuel for May 27th week! If it walks like a rocket and talks like a rocket...BOOM! + +[https://www.reddit.com/r/GME/comments/mz9gjd/nscc2021005\_has\_been\_signed\_today\_implementation/](https://www.reddit.com/r/GME/comments/mz9gjd/nscc2021005_has_been_signed_today_implementation/) + +&#x200B; + +My good apes, + +Not financial advice. I'm really dumb. + +I feel bullish as fuck right now. Back on April 26th, 2020, the Gamestop closing price was $8.89! That's a total market cap of $629M for their 70.77M shares (plus the fake ones). + +Today they sold their newly minted 3.5M shares for $551M @ $157.42 while the price kept going up, reaching $190 AH today. + +&#x200B; + +Look at the image below. Chewy back in Ryan Cohen's days raised $451M in 4 years! Now, this company is beating amazon on the pet segment. + +&#x200B; + +[Just for comparison, Chewy raised a total of $451M, and it's now worth $34.31B](https://preview.redd.it/gy0t23j8blv61.jpg?width=1544&format=pjpg&auto=webp&s=6ae63ba4640ed274824b0dda453dfa1246a643b5) + +My question is: What can Gamestop do, debt-free, gearing for e-commerce game domination with fresh $551M in the bank? I'm bullish AF on this company even after the squeeze! + +How are we so far: + +&#x200B; + +1. Ryan Cohen for Chairman +2. Best in the class team for their e-commerce transformation. +3. $551M added to their bank account today, totaling $900M cash in fucking hand. While shooting the stock up after hours! +4. Optimizing retail locations to improve costs while improving customer service. +5. The company is about to short squeeze! +6. People are flooding the brokers with phone calls asking for their proxy! +7. I'm jacked to the tits full force! +Hi everyone, hope you're doing well. + +First of all - sorry if you've read this title and thought "aw piss off". This really isn't intended to be a boastful post, I'm just wanting some advice on how to better manage/set up what might become an unexpected business. + +I've been making YouTube videos since 2008 and this past month I have finally had my 15-minutes of fame. I don't know how long it will last, but there seems to be a lot of interest in the videos I'm making because as a collective, they received 20 million views this month. I'll be paid for those views next month. + +On the off-chance that this streak of luck does continue, I was wondering what the best way forward is as I'm currently just a sole trader splitting the profits 50/50 with my brother (who I run the channel with). I'm assuming this is not the most savvy or tax efficient way to proceed. + +I was therefore wondering, should I start a limited company and is this hard to do? I looked into it and got quite overwhelmed. I was going to ask my accountant about this, but they're currently very busy with tax returns. + +My financial goals (right now) and the way we run this channel are quite simple. We pay other people to write scripts and edit the videos, then pay ourselves whatever is left over. I have a mortgage of £100,000 that I'd like to pay off (I know that over payment would return more invested, but I'm prioritizing the peace of mind from owning my house outright). + +I don't really know what else to share. If you have any advice I would really appreciate it and if you have any questions, I'd be happy to answer them. + +Thank you! + +edit - sorry for the delay in responding to comments... forgot the password for this throwaway! Really appreciate all the helpful and largely positive responses. +Down about 7% so far, mostly on blue chips. Tempted to move everything to mostly cash and gold. I can only see things getting worse from here on, and I think it's going to be a bloodbath. +As far as I'm concerned this bloke is an idi**... + +One thing you hear continuously throughout the book is that a house is a liability, and I'm sitting here thinking, hey maybe he's right if you look at it as real estate and rent it out you would make x amount of dollars a week which adds up over the years. +What the book fails to point out however is the fact that everyone needs a place to live and you will still end up paying rent somewhere. + +He discusses mortgage repayments as a "trap" that will get you stuck in the "rat race." Now I'm no expert but say I went out tomorrow and borrowed about $400k. My monthly repayments would be around the $1.8k mark. I'm already paying $500/wk in rent which works out to about $26k a year. + +The author says that a house is a liability, this would imply that you do not build any equity in holding a property. if you bought a place interest only and rented it out for 4 years you might pocket around $30k and that's great and all but how are YOU going to live? + +By spending in the ballpark of $100k in rent, that's how. So at this point, you're down $70k and have no assets. + +Now for the flip side, buy the house with a $100k deposit and pay the mortgage repayments for 5 years. $1.8k x 12 = $21.6k. +AND +You will build about $40k in equity with a 2.5-3% interest rate. +AND +You have the option to now invest an extra $4k elsewhere every year. + +SO YOU HAVE TWO OPTIONS: +A - You can either buy real estate rent it out and pay rent somewhere else and lose $70k in 5 years. +OR +B - Buy your own place for $400k ($500k total) with a $100k deposit save/invest $20k over 5 years, build $40k in equity, and possibly even make some nice CG if you're in the right area. + +Please tell me I'm missing something... because from where I'm sitting the author of this book is a scam artist and I have no idea how it is so popular. + +EDIT: On that note I know there are a bunch of books in the wiki but is there anything anyone here would personally recommend for an average 20 something? + +EDIT 2: Jesus I did not expect this response reading through all the comments soon thanks for the helpful info and tips ppl! +https://www.cnbc.com/2019/02/25/buffett-between-stocks-and-bonds-for-the-next-10-years-i-would-choose-the-sp-500-in-a-second.html + +Berkshire Hathaway's Warren Buffett says that given a choice between stocks and bonds over the next 10 years, he'd put his money in equities. + +"If I had a choice today for a 10-year purchase of a 10-year bond at whatever it is ... or buying the S&P 500 and holding it for 10 years, I'd buy the S&P," Buffett said. +Should I invest in VOO (Vanguard S&P 500) or VEU (Vanguard FTSE All-World)? Which one is better and why? I am investing for the very first time and I would like to invest 50% on my assets into one of these two. My investing horizon is 5+ years. Thank you for an explanation! +It usually doesn't bother me, but today I've seen far too many comments or posts talking about buying and holding $TQQQ with the intent of keeping it long term. It is not meant to be held long term. It is a tool for day traders and (at most) swing traders. The losses and gains that are listed on brokerages are not what you would've made by holding it over that period of time because of the way it is rebalanced in order to maintain proper leverage every day. + + +It is not a "get rich quick" scheme to just multiply the gains of $QQQ. If that were its intent, why would ProShares have an inverse, $SQQQ? A get poor quick scheme? It exists as part of a set of tools for traders. Both of them do. + + +I'll let [ProShares](https://www.proshares.com/funds/tqqq.html) themselves explain: + +>This leveraged ProShares ETF seeks a return that is 3x the return of its underlying benchmark (target) ***for a single day***, as measured from one NAV calculation to the next. Due to the [compounding](https://www.proshares.com/funds/performance/the_universal_effects_of_compounding.html) of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return and ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings as frequently as daily. + +Here is the [prospectus](https://www.proshares.com/funds/prospectus.html?ticker=TQQQ) for further reading if you want. + + +Thank you for taking the time to read this PSA. Hope it saves people some money. +hi folks, + +I'm still a noob and reading sub and a website called optimized portfolio ([www . optimizedportfolio . com](https://www.optimizedportfolio.com)) has been helpful in learning the basics. There is a section where the author lists 52 lazy portfolios, all back tested. + +I looked at them and have no idea which is the best! Maybe it's staring me right in the face and I can't see it. Obviously I am looking at maximum growth with minimum risk. + +How do i see which is the best portfolio for me? ( [https://www.optimizedportfolio.com/lazy-portfolios/](https://www.optimizedportfolio.com/lazy-portfolios/)) +RC owns 11.9% of GME. + +RC owns 9.8% of Bath with calls that could take him to 11.8% if exercised. + +RC is basically taking an IDENTICAL position to Bath as GME. + +I hear apes talking about RC using Bath to make money off the MOASS and being dismissive about it. IIRC Bath is insane short interest as well. + +If RC was just trying to make some side money, why would his position in Bath be almost IDENTICAL to his position in GME? + +My spidey senses are tingling. I get the feeling that RC has something BIG planned with Bath. [He has written a letter to the Bath board of directors](https://www.reddit.com/r/Superstonk/comments/t8d4xx/ryan_cohens_actual_letter_to_bbby_board_for_all/), IIRC he has influence on new board members, and he has several tweets that have been speculated to be about Bath and their board. + +I'm NOT trying to convince apes to go buy Bath. Please do not misunderstand my intention. + +My intention with this post is to start another discussion about a tinfoil hat theory about a bigger picture that includes BOTH GME *and* Bath as cooperative entities. Is this plausible? + +**RC's buy in to Bath is LARGER than his buy in to GME.** + +What does this mean? + +We are so hard core in our support of GME that we want to ignore all other tickers. I get that. But I tried to bring up this discussion before and my post got deleted by mods for being too focused on Bath and it being 'unrelated' to GME. + +I am asking for help in figuring out how it *could be* directly related to GME in RC's long term plan and maybe his 4D chess strategy rolls them together in a way in the future that we are simply not aware of yet. + +Again, this is tinfoil hat and I'm not trying to encourage anyape to buy Bath stock. I'm asking for discussion on speculation on what RC's plan may be for his stake in Bath that is almost identical to his stake in GME at buy in. + +It is my speculation that he would not simply start two completely independent positions in two companies at the same time that have *heavy* mail order infrastructure in place without considering pooling their resources. + +Apes talk about GameStop rivaling Amazn and taking significant market share from them. You need infrastructure to do that. A LOT of it. How much infrastructure does Amazn have now compared to GameStop? How would that compare to GameStop PLUS Bath? + +*Maybe* RC is already thinking 2 years down the road in exponential growth. You KNOW he is. + +Is it so unreasonable to think that his stake in Bath is him thinking about GameStop's expansion in the future? + +What about all of his talk about CEO's and board members OWNING STOCK and aligning with shareholders? What about 'It takes money to buy whiskey'? + +He is putting his money where his mouth is. He is practicing what he is preaching. He is doing EXACTLY what he says the respectful leaders *DO.* + +In my speculative opinion, I think Ryan Cohen is making 4D chess moves with Bath and he is thinking 12 moves ahead or more, and we are just too smoothe brained to see it because he is a 4D chess master and I can't hardly play a regular game of 2D chess. + +I think there might be something incredibly significant to GME about Bath. I just don't know WTF it is. But at this point my speculation is that RC might 💎👊 that Bath stock just as tight as his GME stake. + +More tinfoil: Maybe they completely merge years down the line. If RC had *equal stakes* in each, would that somehow benefit a merger? I don't know. But it is certainly a spicey meat-a-ball-a. + +I apologize for not linking all of the sources of the numbers, but you can look up the numbers easily enough. I'm on a shitty phone that is really lagging on typing so this post is tedious to type out. I welcome any corrections to anything I have stated. That is one thing I love about this community. + +Mods, if there is anything about this post that you disapprove of, please let me know how to change it to meet your approval. + +American apes, enjoy your fireworks, and please be extra careful if you are in a draught stricken area as fires start easily with fireworks. + +And as a head nod to OG apes: +"None of this is financial advice and +[I love eating crayons for breakfast](https://imgur.com/a/yRepZAs)." + +(thank you u/Bubbola2600 for your inspiring post) + +tldr: RC's buy in to Bath is larger than his buy in to GME and almost exactly the same positions as far as percentage of ownership. I speculate he is making 4D chess moves thinking years into the future of folding them together and I want to provoke discussion on this topic. + +(I am not promoting apes buy Bath.) + +edit: + +11.9% vs 11.8% + +Less than 1% difference with GME>Bath + +***WHY?*** + +(I encourage apes to refrain from using any stonk tickers unless it is GME) +The US stock market has now wiped out the entire $11.5 trillion of value it gained since Trump's 2016 election victory + +https://markets.businessinsider.com/news/stocks/stock-market-outlook-2016-trump-win-gains-erased-coronavirus-risks-2020-3-1028991585 +I've noticed a fair number of co-workers have bought rather expensive homes recently (expensive for what I know we all generally get paid - $3 to $4m). It's come up in discussions that many of them (maybe all) have used interest-only mortgage loans to afford these places. I have a much cheaper home with a more traditional style mortgage, but have felt like I'm maybe doing something wrong given the prevalence of these IO loans amongst my peers. Granted they aren't paying off any of the principal, but if their home value appreciates, they'd still make some money above and beyond the down payment they put in (assuming they sell within the appropriate timeframe). Also, I've heard their monthly payments are quite a bit lower than my mortgage payments and even rents around the area. I've prioritized FIRE above overspending on fancy things, but wonder if the IO mortgage would have been a way to have both. + +Is this generally a good approach to real estate or is this more of a way to "live beyond your means" for a short period of time? +Using my anonymous account for this. Sorry if this is the wrong subreddit. Short story: 23 years old with 120K saved currently invested in the stock market with another 60K in retirement funds. Expecting to make six figures next year and (hopefully) continue in that trajectory. + +I’m a big fan of passive investments like the stock market but I was told the stock market pales in comparison to buying real estate and renting it out. I understand how each works but I feel as though real estate investing is for those looking to leverage money to grow. Meanwhile, I feel like I am at a great starting point to the point that I could just safely play the long game (stock investing) and be fine at the end. The main draw to real estate for me is the additional income coming in each month but it seems to be far from a “passive investment.” I ran some numbers assuming a $100K initial value and, over the course of 40 years, the real estate category barely beat the stock category in terms of returns. Although I should note that I only considered the initial properties and didn’t make adjustments for any added along the way. I just feel like real estate is incredibly risky and almost a “get rich quick” scenario. Could someone shed some light on whether or not they recommend stocks over real estate? Thanks in advance +Yesterday my Mom kicked me out. + +We’ve had a poor relationship for most of my life, and she feels that whenever something good happens to her I ruin it in some way. For the past year leading up to this I’ve rarely been in the house, just as a way to try and avoid the constant conflict. I’ve been in therapy for some time and it’s taken this year to realize that the way she treats me is “abusive,” and my constant paranoia in my own home was not normal. While I was packing my things yesterday she said many hurtful things, telling me I’ll ‘never amount to anything’, she ‘never wanted me’, and I’m ‘the most selfish and dramatic person she’s ever met’. + +Before this happened, I’ve felt I have a lot of things going for me. I’m currently in University, an honours program I’m going into my second year with. I worked a well paying job as a pharmacy technician in high school that allowed me to buy my own car in full, now only needing to worry about insurance. Currently, I am working a casual part-time retail job, a decision I had made to lessen stress so I could focus on studies. Come September I will be commuting to school once again (45 minute drive away) and presumably my hours at my job will go down. + +Right now my boyfriend’s family has taken me in, so I have somewhere to sleep. However, I worry about becoming a nuisance in some way like I was to my own parents. I have another 3 years of University to get through, so I will need to find my own place at some point. + +My biggest fear right now is that I’m going to lose everything. I have an education plan, a job (albeit, not anything special), and a car, but how can I keep this up with costs? Especially considering the eventual need to find my own place to live. + +My savings are fairly minimal. I have about $450 in my account right now, and about $1600 tucked away in another account I don’t have a card to right now. + +I would really appreciate any advice any of you have! + +[TLDR] 18F, Living with boyfriend for time being. Second year in University with a part-time retail job, and a car. Scared of future and eventually being on my own. +I have 150 shares of T at an average cost of $34. While I love receiving $320 a year in dividends, I highly regret buying this stock. And yet I still hold it. + +WHY I REGRET: + +1. $150B in debt. That’s an insane total. Although to their credit they held true to their promises to prioritize paying off debt. 2 years ago it was at $180B + +2. Seemingly everyone hates them, even their own customers. No one loves them + +3. 5G infrastructure costs will probably be a significant burden on profitability/cash flow + +4. A history of baffling and overpriced acquisitions, like DirecTV + +5. They are now the smallest telecom provider of the Big 3, behind Verizon and post-merger TMobile + +6. They strike me as an inefficient bureaucracy + +7. Long term share price depreciation, despite a historical bull market + +8. Mass exodus of Time Warner leaders since the acquisition + + +WHY I’M HOLDING + +1. Love that dividend + +2. HBO Max has growth potential comparable to Netflix. Share price growth could be comparable to Netflix’s too, right? + +3. They’re selling off underperforming business units and becoming more agile/efficient + +4. Holding telecom is like holding a utility, but supermassive and less accountable to society. And T pays the biggest dividend in telecom. + +5. Too big to fail? + +6. New, seemingly-refreshing, dynamic leadership in CEO John Stankey + +Let’s settle this once and for all. Is AT&T good or bad or what? +I ran away from an abusive home 4 years ago, and for my own mental health cut all ties with my mother. My older brother (who lives quite far away) called me 8 weeks ago in a panic because she'd sent him a suicide note that indicated that she was offing herself and blamed my 14 year old brother for her mental state. Once he got a hold of her, she tells him that she's decided not to off herself after all, and has instead told my young brother to leave her house and never return. +I searched for him for hours, finally finding him at a mall in the area wandering around, so I took him home and he's been with me since. Steps are being taken to terminate parental rights and give me full custody. + +I work a hard manual labor job, making $17.50/hr 50hrs/wk. When I was responsible for only myself, this was plenty for me to live on and save some up, but my savings were recently decimated by a shady roommate who broke our lease contract, left significant damage to the property, made my dog very sick, and refused to pay the bills. All told, between the vet bills and angry ex-landlord, about $5,000...**poof** + +So of course life throws me the craziest curveball of all - a teenager. +To be clear, I love this kid and I will fight for him til the day I die. He's seen some shit, and I'm dedicated to giving him the start I never got. But Jesus Christ he eats like a horse with 3 empty stomachs! And apparently, family law lawyers have bills to pay too. +The financial side of having a teenager has blindsided me in a big way, and I'd love some solid advice right now. I hadn't been stuck in a paycheck-to-paycheck situation in 2 years and now I'm barely making it to Friday every week. + +So, basics first, HOW DOES ANYONE AFFORD TO FEED A TEENAGER?! +Is it even possible to climb out of this horrible gutwrenching "waiting on payday" cycle without somehow finding a shiny new, miraculously better-paying job? +I'm so sorry if this isn't the right subreddit, but I thought I'd ask here since this is the Hugest stressor in my life right now and I don't know of any other place to get financial advice without (ironically) paying through the nose. + + +EDIT: +Thanks everybody who has been awesome and actually read my whole post! The outpouring of support and information has just been incredible and overwhelming. I've received a ton of really helpful tips for getting my food spending & other bills under control, and I'm so optimistic that that will help me get my feet back under me. + +Thanks redditors, you're amazing. I wish I could hug you all. + +EDIT2: For those of you who are experiencing a similar situation, there's a wonderful lady who blogs about her experience and started a FB community page as well. Her blog is called sibs raising sibs. For me, it was great to see that I'm not walking this path alone. +This is my first year at my new company, and I learned a month ago that all the ladies go somewhere special for dinner during December. I RSVP’d a couple weeks ago. + +I was talking to a woman at work about it, and it came up that everyone splits the check evenly at the end of the night. Last year it came to about $100... per person. + +For my income and the expenses I’m expecting next month, that’s a lot of money to shell out - and people are already commenting that this year’s choice is more expensive. + +I feel stuck. On the one hand, I know I’ll have a lot of expenses next month with Christmas, putting aside money for a friend’s out of state wedding in February, and the beginning of working with an ADHD coach. We’re having another Christmas party in two weeks that I do plan to attend (no bill-splitting). And this year people expect that it’ll be more expensive. + +On the other hand, it’s my first year at the company and want to make a good impression. I also don’t want to look stingy by voicing why I don’t wish to attend. Plus it seems like a good bonding experience to get to know my coworkers better. + +I lean towards finding an excuse to bail, but wanted to weigh in other opinions. What would you guys do? + +UPDATE: I decided to cancel my RSVP. Even besides the money factor, we are having a company-wife Christmas party that is free to attend. I prefer to go to that so I can see all my coworkers without breaking the bank. + +As most of you suggested, I sent an email to my boss just plainly as “I won’t be coming to the dinner, but I’ll see everyone at the Christmas party.” She did ask why, so I gave her the honest answer. She said she understood, and kind of left it at that. I felt better about being honest instead of weaving a story. And if it bites my ass later, so be it. + +I was wary of coming off as rude or making things awkward in a fairly small office. But you guys were right, that doesn’t matter I’m the long run. I feel better doing what’s right for me. + +Thank you everyone for your advice! +Hello superstonk, + +Having noticed various articles written by fool's popular investing blog, I was curious to find out how their views have swayed over the past 20 years. + +This is the link to the gme's profile on their site - [https://www.fool.com/quote/nyse/gme/](https://www.fool.com/quote/nyse/gme/) + +**METHOD:** + +1. Using my browser, I came across a **publicly available** HTML file on [fools.com](https://fools.com) (exact url above), +2. made a copy of my findings and +3. recreated a custom csv file +4. I helped myself to few pivot tables while working on this + +**SCREENSHOTS BELOW** + +Article count by years and months + +[remember to forget that 1 stock](https://preview.redd.it/7mtfqcuec2j81.png?width=1074&format=png&auto=webp&s=136a51bfb894eab37b2941144891de64be634c43) + +Prolific GME experts by count of articles + +[keep those fingers typing boys & girls](https://preview.redd.it/jtmir0lgc2j81.png?width=274&format=png&auto=webp&s=03a84b3b8b8ad3dc81b64820afae49997a7f8209) + +**ADDITIONALLY** + +I am adding source csv file for anyone to use this as a repo of the fools' stance **FOR** or **AGAINST** GME (i could not read all of these things, just not possible ¯\\\_(ツ)\_/¯), therefore i for one could not be certain. + + What was very clear to me that they have increased their volume of article last january and february significantly. + +heres the sauce - [https://github.com/mrrippington/fools\_gme\_articles](https://github.com/mrrippington/fools_gme_articles) + +[what IS your definition of fun?](https://preview.redd.it/hj1zp03lc2j81.png?width=1313&format=png&auto=webp&s=b716d698ad39ba7e2d711bfd5b453188843e3ab4) + +Other interesting things to look at would be: + +1. While I am doing this I also thought about finding their hedge funds filings, which I thought to use against this data. + +>Can anybody share a link to that? +> +>i.e. when the fools hedge fund arm increase/decrease gme position, what do they write about the stock? +> +>I don't think such an influential news blog would mix journalism with investing activities or suggest that. + +2. use some intelligent logic to save these articles to webarchive? + +**BONUS 🏴‍☠️** + +>Dear Kate,  +> +>Here’s to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They’re not fond of rules. But they have no respect for status quo. You can praise them, disagree with them, quote them, disbelieve them, glorify or vivify them. About the only thing you can’t do is ignore them. Because they change things.  +> +>Take Care, +John Appleseed + +\----------------------------------------- + +Any feedback most welcome, take care all of you. + +obligatory: 🦍🚀🌌 +Hello superstonk, + +Having noticed various articles written by fool's popular investing blog, I was curious to find out how their views have swayed over the past 20 years. + +This is the link to the gme's profile on their site - [https://www.fool.com/quote/nyse/gme/](https://www.fool.com/quote/nyse/gme/) + +**METHOD:** + +1. Using my browser, I came across a **publicly available** HTML file on [fools.com](https://fools.com) (exact url above), +2. made a copy of my findings and +3. recreated a custom csv file +4. I helped myself to few pivot tables while working on this + +**SCREENSHOTS BELOW** + +Article count by years and months + +[remember to forget that 1 stock](https://preview.redd.it/7mtfqcuec2j81.png?width=1074&format=png&auto=webp&s=136a51bfb894eab37b2941144891de64be634c43) + +Prolific GME experts by count of articles + +[keep those fingers typing boys & girls](https://preview.redd.it/jtmir0lgc2j81.png?width=274&format=png&auto=webp&s=03a84b3b8b8ad3dc81b64820afae49997a7f8209) + +**ADDITIONALLY** + +I am adding source csv file for anyone to use this as a repo of the fools' stance **FOR** or **AGAINST** GME (i could not read all of these things, just not possible ¯\\\_(ツ)\_/¯), therefore i for one could not be certain. + + What was very clear to me that they have increased their volume of article last january and february significantly. + +heres the sauce - [https://github.com/mrrippington/fools\_gme\_articles](https://github.com/mrrippington/fools_gme_articles) + +[what IS your definition of fun?](https://preview.redd.it/hj1zp03lc2j81.png?width=1313&format=png&auto=webp&s=b716d698ad39ba7e2d711bfd5b453188843e3ab4) + +Other interesting things to look at would be: + +1. While I am doing this I also thought about finding their hedge funds filings, which I thought to use against this data. + +>Can anybody share a link to that? +> +>i.e. when the fools hedge fund arm increase/decrease gme position, what do they write about the stock? +> +>I don't think such an influential news blog would mix journalism with investing activities or suggest that. + +2. use some intelligent logic to save these articles to webarchive? + +**BONUS 🏴‍☠️** + +>Dear Kate,  +> +>Here’s to the crazy ones. The misfits. The rebels. The troublemakers. The round pegs in the square holes. The ones who see things differently. They’re not fond of rules. But they have no respect for status quo. You can praise them, disagree with them, quote them, disbelieve them, glorify or vivify them. About the only thing you can’t do is ignore them. Because they change things.  +> +>Take Care, +John Appleseed + +\----------------------------------------- + +Any feedback most welcome, take care all of you. + +obligatory: 🦍🚀🌌 +https://www.thestreet.com/technology/apple-aapl-stock-5g-iphone-12-sales-target-production + +Apple (AAPL) - Get Report is preparing its suppliers to mass-produce more than 75 million of its new 5G-enabled iPhones ahead of the phone’s fall launch, a sign of how much demand the technology giant is anticipating for its flagship product even amid the global pandemic and economic downturn. + +Cupertino, California-based Apple reportedly has signaled to its producers in China to begin ramping up production of its next generation of iPhone models. The company is expecting shipments of its various iPhone 12 models to reach as high as 80 million units in 2020, Bloomberg reported on Tuesday. + +Thanks for the awards. +I know many are big into YNAB, but it is not for me. It doesn’t allow me to connect my EU bank accounts which immediately makes it unusable for me. I also don’t have the time needed to make use of such a detailed offering. + +I have tried Bankin’ which is actually decent in terms of bank account connectivity (Amex, Revolut, standard bank account) and interface/analysis, but the expense categorisation is terrible. I think something like 80% of my expenses are uncategorised which makes the budgeting analysis part of the app kind of pointless. + +Linxo is a good french one, with much better expense categorisation (and when you manually categorise an expense it applies to all similar historical expenses) but there are connectivity issues with Revolut for example and lastly the app is in french which kind of sucks for me. + +Spendy didn’t have the right bank connectivity for me. + +Does anyone use a good app here they can recommend? + +My criteria are: +- bank account connectivity +- decent expense categorisation (at least just average) + +I’m really more interested in a broad overview so as long as the interface is good and my banks connect correctly then I will probably be happy. +I have been reading The Simple Path to Wealth and I am completely sold on the idea of regular investing in Vanguard funds. However it seems they are not available in Ireland and that the tax rate here makes it not worthwhile. + +I am really confused about my options for investing. I already have a personal pension plan I pay into and one with my job where they match my contributions. However I have the goal of retiring early and I understand that you cannot use your pension until you are 60. + +I am looking for a fund like VTSAX that I can invest in. What are some good options for someone living in Ireland? Should I forget the idea and just go all in on my pension plans? +I'm selling tomorrow. Too much nonsense and the Donald keeps getting dumber. I'm taking a chance on timing the market. I don't know what other subreddit to post this in, but I sure can't be the only person going against /r/Investing standard investment philosophy. + +I'm wrong for doing this, but I'm not the only one. + +edit: + +I'm 80% VTSAX, 10% VTIAX, 10% VBTLX + +See my latest comment. + +Edit 2: If you're still wondering, I am selling EOD. I don't have regrets if the market continues to climb. Peace of mind is worth more than a few thousand bucks. + +Edit 3: Gary Cohn +What are the biggest reasons renewable stocks have been going up these past months? + +The Biden-Harris campaign has some impact, but there has to be more to the story. Do you think part of it is just riding the wave, speculation, or just general transition to renewable energies? +After todays FCC announcement of TikTok and their recommendations of banning it from stores, a lot of information regarding what they collect from users came to surface. + +It’s even worse than I imagined. + +**TikTok is said to collect “everything”, from search and browsing histories; keystroke patterns; biometric identifiers—including faceprints, something that might be used in “unrelated facial recognition technology”, and voiceprints—location data; draft messages; metadata; and data stored on the clipboard, including text, images, and videos.** + +Im way too old and unattractive to be fiddling with TikTok but if any of you is using it, I highly recommend that you move your assets to new wallet(s) as the possibility of TikTok acquiring your seed-phrase and a ton of other personal data is very high. + + +Be safe guys and girls. +Nintendo is projecting a rough year due to their chip shortages and material costs. The stock has been in decline for some time, however there is likely more room to fall. The financials are great and it may be a good investment once the chip shortages fade away. +By a few, I mean a lot, but I'll try and condense down to the ones I'm working on now. If you do decide to chime in you'll have to hang in there with me. Finance is not my full-time job and I've got the IQ of a small monkey, so apologies in advance if I appear stupid. I am, but I'm trying because I genuinely love the subject matter. So with that out of the way, here's what I've got for questions. + +**1) Is (EBITDA - CapEx) a decent proxy for the true underlying earnings power (free cash flow) of a business?** + +My understanding of EBITDA is that it provides a less cloudy picture of a company's steady-state earnings because it doesn't include things like acquisition costs and/or other one-time items. I've also been viewing it as the cash flow a company can tap to pay down debt. I'm unsure if this is a valid view on EBITDA, but it seems to make sense to me. What I don't understand is why people neglect to subtract capital expenditures from EBITDA when using EBITDA as a proxy for cash flow. To me, CapEx looks like a recurring annual cost of doing business and should not be lumped into the same category as one-time costs and therefore should be subtracted from EBITDA if EBITDA is going to be used as a proxy for cash flow. Why is this view generally frowned upon or not considered? + +**2) What are some decent metrics for measuring short-term and long-term solvency?** + +I've been thinking about this one for a while now, and maybe solvency is the wrong word, but these are all I've been able to come up with - feel free to explain why they suck or how they can be made better: + +Short-Term Solvency Metrics: + +(Current Assets / Current Liabilities); + +(Current Liabilities / (Current Assets + EBITDA - CapEx)); + +(Current Liabilities / (Current Assets + ((EBITDA - CapEx) / 2))); + +Long-Term Solvency Metrics: + +(Tangible Total Assets / Total Liabilities) + +(Tangible Total Assets + ((5-Year Average EBITDA - CapEx) / 2) x 3 Years)) / Total Liabilites; 3 Years can be replaced with the time frame to nearest debt maturity. + +((Current Liabilites + Long-term Debt) / (Current Assets + EBITDA - CapEx)); + +**3) Should I be using Enterprise Value in place of Market Capitalization when valuing businesses?** + +As a shareholder, I feel the value relevant to me would be market capitalization since I'm not going to buy the entire business. However, enterprise value does seem like a truer proxy for value when compared to market capitalization as it takes into consideration debt and preferred. If a buyout were to occur, the acquirer would look at enterprise value, not market capitalization assuming my understanding of the two different values is correct. Does that mean I should switch my definition of market value from Market Capitalization to Enterprise Value? Does enterprise value even concern me since my focus is on the equity side? + +**4) Is Research and Development a capital expenditure and if so, is it included on the cash flow statement under the line "Purchase of Property, Plant and Equipment" (aka Capital Expenditures)?** + +From what I've read, R&D appears to be an expenditure in that the lack of investment in that area leads to deteriorating future performance. R&D, from what I understand, is essentially what drives future sales growth assuming it's done right. Meaning it's a slightly variable never-ending recurring cost of doing business sort of like CapEx. "Unavoidable recurring cost of doing business." + +**5) Is Cash Flow From Operations - Capital Expenditures a good enough proxy for Free Cash Flow when developing Discounted Cash Flow Models?** + +I understand there are multiple proxies for cash flow, but the one above seems to be the quickest to calculate when filtering through large amounts of companies and even appears similar to Buffett's Owner's Earning's figure. If it's good enough for that guy, it should be good enough for this monkey right? So, is this figure reliable and can I use this figure consistently when developing discounted cash flow models or should adjustments be made? I've been looking into Free Cash Flow to Equity lately and that, in some ways, looks like a better metric since it takes into consideration all flows that can be used to pay out dividends. I don't believe CFO - CapEx (FCF) includes proceeds from the issuance of debt which in theory could be used to pay a dividend? If I read my sources right, that debt could technically be used to pay out dividends so it should be considered a cash inflow and should be added into your model's cash flow figure. I need to read up on the topic some more, but if anyone has a definitive answer I'd love to hear it. Just to be clear, here's what I might consider Free Cash Flow to Equity to look like: FCFE = Cash From Operation - Capital Expenditure + (Proceeds From the Issuance of Debt - Payments of Debt) + +**6) Banks... CFO - CapEx doesn't seem reliable in that industry. Does that mean I need to make Net Income my proxy for Cash Flow?** + +I've slowly come to understand that a banks asset values are marked to market each year meaning that book value is actually a decent representation of asset value, but I can't seem to wrap my head around the correct proxy for free cash flow. It appears to be something like this: Net Income - Growth Capital + Other Income. I definitely need to spend more time digging into this, but any leads on the topic would be greatly appreciated. + +**7) Real Estate Companies... Net Operating Income, Funds From Operations, Free Cash Flow, Owner's Earnings, Net Income. Which one of these should I be using if I want to expand my horizon and start looking at these types of companies?** + +It seems like it's dependent on the people in charge of the company. I really don't like that answer because that leaves room to inflate numbers. There has to be one metric that's the best. My thought is, its free cash flow (CFO-CapEx) like any other capital-intensive business. You have a house, you bought the house with debt, you rent the house out, there's a cash flow left over after payments on debt, taxes and maintenance and utility costs. Free Cash Flow right? Hopefully, that's not too simple of an example. It does get my mindset across though. + +That's all I've got for now. I mean I've definitely got more, but I won't bore you any further. I truly appreciate any response to the questions above and I know this is Reddit, so I apologize for the long-winded post and I apologize if you come across spots in the reading that seem incoherent. This monkey is simply looking for some new tools he can craft to make life easier so I hope you can forgive me. + +I hope everyone's doing well and I wish ya'll the best. +I live in SF City, and I see a lot of money printing businesses like restaurants and bars. They're immensely popular, highly crowded (even during weekdays), provide amazing experience, and charge premium price. +I'd love to invest in them if I could do so at an attractive price. If you've invested in similar businesses, how's your experience been? How did you do it? What are the major risks that you've faced? +I grew up in a low income house hold, and really only started caring about my financial situation at around 27yrs old after watching financial videos off YouTube. I have tried to get my family thinking about heir finances more but they are pretty much still in the same boat living pay check to pay check. I wish financial literacy was more prevalent in Australia. If I had gained the mindset of saving and investing at 20yrs old I would be in a far better off position. +Hi everyone. Long story short, I’m a new investor that got caught up in WSB and essentially lost $700. Its my own fault and I’ve def learned. + +Im looking into more long term, blue chip stocks that pay dividends. I am looking at individual stocks because as a Muslim, I cant invest in ETFs due to compounding interest. + +So far I’ve bought AAPL, T & ABBV. I’m also investing in other stocks that dont necessarily pay dividends but look solid long term (Uber, Pelaton). However my priority is consistent investing in blue chip dividend stocks & DRIP investing. + +Any particular stocks or tips you guys may have? + +Edit***: wow did not expect this much of a response. Thank you all! For those that had religious questions, I am simply not aware. Investing is a new territory for me and how religion plays in a part in it is very complex. I am trying to find out more myself. +Hello everyone! + +I have a daughter who will be starting college next year; so I'm setting up a brokerage account and Roth IRA account for her. I told her, I'd give her 5k to invest and whatever money she's able to invest herself for a year, I'll match it until she's 21. + +I advised her to do VT 100% in her Roth and AAPL and MSFT in her brokerage account 50/50 split + +She wants AMC and GME in the brokerage 75/25 and O 100% in the Roth. + +What are you guys thoughts on this? +For anyone in need of a refresher, here is GameStop’s statement from Friday, Aug 5, 2022: + +https://news.gamestop.com/stock-split + +“On July 6, 2022, GameStop announced a 4-for-1 stock split in the form of a stock dividend, effective as of July 21, 2022, for stockholders of record on July 18, 2022. Tax information related to this stock split can be found here: https://news.gamestop.com/static-files/1764b8e4-0e1d-41a6-b502-8c5ab7604dc8 + +GameStop Guidance for International Stockholders with Split-Related Questions + +GameStop has notified its transfer agent and the Depository Trust Company (“DTC”) that some of our valued stockholders in international geographies are still trying to determine if they have received the proper stock dividend associated with the Company’s recent 4-for-1 stock split. Please note GameStop has already distributed the shares of common stock required for the stock dividend to its transfer agent, which has confirmed it subsequently distributed the appropriate number of shares of common stock to DTC for allocation to brokerage firms and other participants. We recommend that stockholders using a brokerage firm contact that firm with needs or questions. Stockholders may want to make their brokerage firm aware if they recently moved shares to the Company’s direct registered list, as we have been informed this move could impact a firm’s distribution of shares. + +We appreciate your investment and enthusiasm. Although we are not able to engage with individual brokerage firms, we are monitoring this situation and will keep you informed of any relevant updates we obtain through our transfer agent or DTC.” +State turned me down for help, my only asset is my car. I have $500 left in a checking account. I have medical bills, credit card bills, and car insurance that I can't pay. Seriously I have no clue what to do. I've been filling out job applications for months. I'm not qualified to stock cans on shelves apparently. I'm contemplating suicide and that's not a joke. +I (34, FAANG my entire career, set to FIRE in 4-5 years) have a 1-year old. + +Besides worrying that my kid is growing up pretty darn well off and being out of touch with how fortunate he is compared to everyone else, I worry that if they see me retire, they won't have a role model for how to work hard as an adult, or have unrealistic expectations career-wise if he looks at me: I was a really good student but I still think I lucked my way into getting and staying where I am and just expected to live like my parents and turned out to be living well beneath my means. I think it'd be very optimistic that straightforward FAANG-like opportunities will be around in 20 years for my id. + +All this to ask - any advice, books, or other resources on how to steer my child away from such traps and attitudes? +I come from a lower class family so grew up only knowing poverty. Throughout college and after I could never find a job that paid enough to cover all bills (and college debt) and still have spending money afterwards. In the meantime I found a beautiful and wonderful woman who I adored. She came from a similar background and when we started to live together, we would have enough to treat ourselves once a month. She took a chance on me and we got married about 4 years ago. The first year together, aside from being just in love and amazing, also saw both of us getting small but extremely helpful raises. We were out of poverty and able to save. She decided she wanted to try her hand at pet care and I fully supported her. We never discussed finances so I never doubted she could at least make her half of the bills. Before long, she was working 12 hour days every day and still not able to cover her half of the bills. I started helping and did my best not to be upset. That's what a partner is for right? Well she eventually had to take a more secure job as a vet tech assistant as she loved animals and it was in a field she knew. She said she'd do much better financial as well. Over the last year, I started eating through my savings and finding odd jobs to help cover her half of the bills. I started to struggle because I never saw her, when I did she was extremely exhausted from work so just did nothing at home (I did ALL chores) and our relationship started to crater. I got therapy because I needed to understand my emotions and how to handle frustrations. Two weeks ago she left me because I asked her if she knew when she would be able to start helping pay her half of the bills again. I didn't get mad, I didn't even get frustrated (thanks meditation!) but I thought since we are in our 30's I should be able to have a discussion about our shared finances. She snapped and kept saying all I cared about was money (I don't, I just couldn't keep paying all bills on my salary) and that we couldn't live a lifestyle that I wanted. The only lifestyle I wanted was to keep the one that we had created together. I never added any bills into the mix that she didn't want, and the place we rented was actually the place that she wanted to live and move into. Once she said "that's what a husband is for is to provide for his family" I started to feel devalued and cried. When I asked her what is a woman suppose to provide then if I do absolutely everything she said she couldn't be with me anymore. So I'm now going through a divorce and on top of paying her bills while she isn't even at home anymore, I now have to pay her half of the rent since the lease agreement would cost thousands to get out of and into another place. + +I'm so defeated, sad, lonely, I just miss her and now I have to get a second job and work every day to pay for a life she helped me create. I just am struggling and needed to vent. I'm sorry for the wall of text. I'm just dying inside and keep repeating how she made me feel like I want to be rich when I just wanted to be able to cover bills we created together. To lose love and companionship and have debt and bills on top of it makes it harder. +So, I purchased a duplex in NJ back in November. JUST finished all the work on it and have tenants moving in 8/1 + +$172k purchase price +$140k in repairs/renovations + +All in just under $325k. + +Rents are $2700 per month ($1500+$1200) + +Monthly expenses are around $2200 (taxes, mortgage, etc) + +I was wondering if anyone had any advice or tips for a first time landlord! + +Any and all advice is appreciated + +EDIT: House also appraised for $399k - but not sure if that’s accurate as the nearest “comps” If you will are about 15-20 miles away as it’s in Hunterdon county (very rural) +I'm just starting to get into this but am noticing that there's a lot of people with social media presence that are marketing doing BRRRR and investing in real estate. Lots of active people on social medial have podcasts, youtube videos, local meetups, offering seiminars, instagram posts providing free education on this subject. + +They are always talking about financial independence, exiting the rat race, monthly cashflowing properties. + +I don't mind the free material and some of the podcasts are indeed good and provide value. I'm just wondering if there's an alterior motive behind this. My only thought is that they are trying to sell you something or are trying to raise money by getting capital joint venture partners because they are tapped out in financing further properties themselves. + +The ones that do weekly podcasts/youtube videos spend a lot of time and effort on this. And some are really good and don't directly try to sell anything. What's the motivation of spending all this time and giving away all this free material if that just creates more investors into your market? +Someone went into the mobile store, presented a fake ID, and got a new sim card for his phone number. With the new sim card, all his accounts happily sent over password resets, and bank accounts were drained, and a "mid-six figure" sum was stolen out of two crypto accounts. Some other damage, too, that he's trying to track down. + +The friend had been very careful with passwords and the like, but was still vulnerable due to a flaw in the way our whole system works, using phone numbers as identification and verification. I also wonder if he wasn't directly targeted by someone who knew something about him, which is another issue entirely. + +I've already gone to my own provider and added an extra layer of security. [Here's a Wired article](https://www.wired.com/story/sim-swap-attack-defend-phone/) that talks about this vulnerability and some stuff you can do to protect yourself. It's scary to think, though, that a teenager at a mobile phone store might be the only thing standing between you and serious financial harm. +For example, before investing in Apple, you were critical about how the company was dodging taxes and not doing enough for the American people but after you started buying shares, you stopped criticising its tactics? + +or + +that defense companies like Lockheed Martin or Boeing spend billions lobbying the government for favourable contracts etc.. +Hey Apes, Crux here. I’m the degen untangling the web that is Ken Griffin’s Citadel Empire. + +I have a new tidbit of info for you today. A small, steaming, turd nugget that the media has never reported on 💩 + +TLDR: Skip ahead to see pics of Griffin’s chopper + +# 0. Background (skip if you don’t care how I figured this out) + +Ken Griffin and Citadel’s well publicized move from Chicago to Miami, announced earlier this year, had one potentially unintended consequence. When they moved, all the companies holding Griffin’s personal assets were registered with the Florida Division of Corporations with an address of 200 S. Biscayne Blvd, Suite 3300, Southwest Financial Center, in Miami. That is the address of Citadel’s new headquarters. + +What’s the big deal? From an open source/public records standpoint, which is what I use for my investigations, it was immensely helpful. + +Griffin had not registered all of these companies in Illinois. If they were registered in Illinois, the records were not helpful, i.e. only confirming that the company exists. Florida’s records contain more information like an “authorized representative” (person who can sign on behalf of the company) or “member” (person/entity who owns the company). + +These records have led to numerous new leads to investigate, which have resulted (so far) in my finding other assets that have gone unreported in the media such as real estate, sports cars, and that he is co-owner of a helicopter with two of his billionaire buddies. + +Spicy. But let’s focus on the helicopter for now. + +# 1. The Helicopter + +One company registered in Florida was NYHCH LLC. \[assumed acronym for: **N**ew **Y**ork **H**eli**c**opter **H**olding LLC\] It was a “foreign” LLC, meaning it was first registered in another state, and the registered address matches Citadel’s Miami headquarters. Further, the sole member listed was KP Holdings LLC, which has been previously established as the primary holding company of Ken Griffin’s personal assets. Link to Florida filing: [https://tinyurl.com/yvffa23b](https://tinyurl.com/yvffa23b) + +[NYHCH LLC registered address matching Citadel's new Miami headquarters address.](https://preview.redd.it/4s1durz9hyw91.png?width=673&format=png&auto=webp&s=957ee4d38e74a03b4b5a5c045e30089de03b2bdd) + +[KP Holdings LLC is the sole member listed.](https://preview.redd.it/lc85ftjchyw91.png?width=737&format=png&auto=webp&s=d4352e9ad0fe119908838b4325c67bd1c23e860b) + +Federal Aviation Administration (FAA) registration records reveal NYHCH LLC is one of four owners of a Sikorsky S-76D helicopter, N-number N800SG. Link to FAA registry: [https://registry.faa.gov/AircraftInquiry/Search/NNumberResult?nNumberTxt=800SG](https://registry.faa.gov/AircraftInquiry/Search/NNumberResult?nNumberTxt=800SG) + +[FAA registry owners of N800SG](https://preview.redd.it/9n67wxd6hyw91.png?width=972&format=png&auto=webp&s=45411b00a8f44419bdd6fbdbc58ce3e01a48dd33) + +Here is N800SG: + +[Photo credit: Haofeng Yu](https://preview.redd.it/vir35p14hyw91.jpg?width=1200&format=pjpg&auto=webp&s=c1493aaee91fb6e208662c5d4282d7ab51533e43) + +[Photo credit: Haofeng Yu](https://preview.redd.it/3yu6srd2hyw91.jpg?width=1920&format=pjpg&auto=webp&s=fa08f8d5634b6553569f298605227f3ef61b8a4d) + +"Whirlybird LLC" is registered at the same address as the Los Angeles accounting firm Breslauer Rutman & Anderson, and California filings show the type of business is "Aircraft Related": + +https://preview.redd.it/4rvo7muzgyw91.png?width=755&format=png&auto=webp&s=bff180666b34f94565ebcea55ee523ebbdc22437 + +You can search California business filings here: [https://bizfileonline.sos.ca.gov/search/business](https://bizfileonline.sos.ca.gov/search/business) + +This firm maintains a low profile; best I can tell from reviewing LinkedIn profiles is that they provide accounting, tax and other business services for high net worth individuals and family offices. I didn't spend much time looking into them, as this role makes sense given the other three owners. + +# 2. David Geffen, Barry Diller and Blade + +David Geffen has been the founder of record companies, including the David Geffen Company (DGC) and was a co-founder of Dreamworks. Forbes estimates he is worth $7.7 billion. [Source](https://www.forbes.com/profile/david-geffen/?sh=6ebb4fff17e0). Geffen is also a collector of expensive art, and in 2016 sold two paintings for $500 million to Ken Griffin. [Source](https://www.foxnews.com/us/billionaire-drops-500m-for-2-masterpieces). + +Barry Diller founded Fox Broadcasting, USA Broadcasting, was Chairman and CEO of Paramount Pictures, and is still the Chairman and CEO of IAC, a media conglomerate, which he founded. Forbes estimates he is worth $3.8 billion. [Source](https://www.forbes.com/profile/barry-diller/?sh=681dd5672555). + +Here is a picture of David Geffen and Barry Diller doing their best evil billionaire looks: + +[David Geffen \(L\) and Barry Diller \(R\)](https://preview.redd.it/wtckr76rgyw91.png?width=348&format=png&auto=webp&s=bcfd7b885957e71113a4a5dde733198c911b7cdb) + +Back to the helicopter. + +DGC-VTOL LLC is David Geffen’s holding company for the helicopter. \[assumed acronym for: **D**avid **G**effen **C**ompany **V**ertical **T**ake-**O**ff and **L**anding LLC\] + +A California filing for the company reveals that the David Geffen Company is the member/manager and the type of the business is simply “HELICOPTER”. Link to the California filing: [https://tinyurl.com/5asmjn8f](https://tinyurl.com/5asmjn8f) + +[DGC VTOL LLC filing](https://preview.redd.it/s3xljjrmgyw91.png?width=490&format=png&auto=webp&s=fe09920076f48eb86954d7de51987d3ab1995b7d) + +Arrowcopter LLC appears to be Barry Diller’s holding company for the helicopter. This connection is more difficult to make; I’ve not been able to find public documents directly linking Diller to Arrowcopter. However, there are a couple pieces of evidence suggesting given the “Arrow” prefix of the company’s name: + +“Arrow Partners” is the family office of Barry Diller and his wife, Diane von Furstenberg. + +Source: [https://www.pionline.com/article/20050118/ONLINE/501180705/arrow-partners-the-family-office-of-barry-diller-and-the-von](https://www.pionline.com/article/20050118/ONLINE/501180705/arrow-partners-the-family-office-of-barry-diller-and-the-von) + +Barry Diller is Trustee of “Arrow 1999 Trust”, which invested in a company named Blade Air Mobility, Inc., f/k/a Blade Urban Air Mobility, Inc. (“BLADE”). Source: [https://www.sec.gov/Archives/edgar/data/1779128/000110465922070615/tm2217172-3\_424b3.htm](https://www.sec.gov/Archives/edgar/data/1779128/000110465922070615/tm2217172-3_424b3.htm) + +What is BLADE? They describe themselves as a “technology-powered, global air mobility platform,” who “neither owns nor operates aircraft,” and focuses on “booking and aggregating fliers through our mobile app.” Source: Id., at 1. + +BLADE is the Uber of helicopters. + +Geffen and Diller all invested in BLADE, which was apparently [newsworthy](https://www.reuters.com/article/us-blade-m-a-breakingviews-idINKBN28P2PN): + +[Snip from the Reuters article linked above.](https://preview.redd.it/poxtal8kgyw91.png?width=782&format=png&auto=webp&s=ff642e150090c4b969130b3f0c5b8c47ead32aec) + +Griffin was also invested through Citadel, as shown in the prospectus I linked above. + +[excerpt of page 13](https://preview.redd.it/ozr3nheigyw91.png?width=964&format=png&auto=webp&s=cd16b37e0922066f149fbcbc7ea793154a10456a) + +[excerpt of page 14](https://preview.redd.it/h1dojqkggyw91.png?width=940&format=png&auto=webp&s=73b7c2feca1703ba782dce6753940644bbe6a3db) + +One can also look back in time at N800SG's flight paths using ADSB Exchange. It hasn't flown in a couple of weeks, but here are a couple of days flights flying routes where BLADE helicopters fly. + +Oct 12, 2022: [https://globe.adsbexchange.com/?icao=aae374&lat=40.924&lon=-73.693&zoom=9.6&showTrace=2022-10-12](https://globe.adsbexchange.com/?icao=aae374&lat=40.924&lon=-73.693&zoom=9.6&showTrace=2022-10-12) + +https://preview.redd.it/clb7849dgyw91.png?width=1074&format=png&auto=webp&s=83c841155ba21934a3ab705fc7fe797a0abc9ad8 + +Oct 10, 2022: [https://globe.adsbexchange.com/?icao=aae374&lat=40.922&lon=-73.210&zoom=8.6&showTrace=2022-10-10](https://globe.adsbexchange.com/?icao=aae374&lat=40.922&lon=-73.210&zoom=8.6&showTrace=2022-10-10) + +https://preview.redd.it/po5pjy3cgyw91.png?width=1100&format=png&auto=webp&s=eaeb23321232b96965ace749ef90d012c3047c43 + +So Ken Griffin and his billionaire buddies bought a helicopter to rent it out through a company they invested in. No crime, but interesting, and like I had said I do not believe the media had previously reported these facts. + +# 3. Microsoft-Activision merger + +No crime with Blade, but did you think I would end this post without any controversy? Hell no. Whenever I start digging into Ken Griffin’s shit I find, well, more shit. + +In March of this year the Wall Street Journal reported that Diller, Geffen and Alexander von Furstenberg (Diller's wife's son) were under investigation for trading options days before Microsoft's acquisition of Activision was announced. They allegedly made $60 million on the options trade. Source: [https://www.wsj.com/articles/u-s-probes-options-trade-that-gained-on-microsoft-activision-deal-11646787000](https://www.wsj.com/articles/u-s-probes-options-trade-that-gained-on-microsoft-activision-deal-11646787000) + +One of the best parts of the article: + +https://preview.redd.it/6vymf707gyw91.png?width=737&format=png&auto=webp&s=5545b565e270640572a5573090d1cd77310a5576 + +Isn't that how inside trading happens? + +But they claimed to have no knowledge of the deal: + +https://preview.redd.it/egbppun5gyw91.png?width=716&format=png&auto=webp&s=dcc8c476af60b68e10242828d39f6849ad10210b + +I have not seen resolution to this matter yet; I'm sure their attorneys are negotiating a settlement for pennies on the dollar of the alleged ill-gotten profits. I haven't looked into Citadel's position on this, but I imagine if they purchased options between quarterly reporting dates, and just prior to the announcement that represented <5% of the stock, that they would not have to disclose their position. + +That's all I've got for now, happy weekend apes. 👊 + +🚀🚀🚀 +I’ve been a long time lurker of this sub, and I’m currently in the process of testing some of my hypotheses. I don’t have any association with Quantopian, and strictly use it to test out some of my ideas before pursuing them further. I consider myself a beginner and come from a programming background, so learning the language of finance has been where most of my time has been spent in the space. As a beginner, running through strategies on Quantopian, I realize how discouraging it can be to try, try, try, try and try again different ideas that just fail in backtesting or practice. I love how the principle of Occam’s Razor constantly looms over this field. Anyway, through learning I came across this [video](https://m.youtube.com/watch?v=7PyKtUvuHNU) and I think it’s incredible. It’s actually an entire series but this video shows how simple a hypothesis can be. The video is a step by step process of for developing an algorithm, but the main takeaway is that the strategy that worked. If you don’t watch, all the strategy consists of is the measurement of the percentage change of the forecast of analysts on earnings. Replicating outside of Quantopian might present its own challenges, but if you are someone who is down, check this out and it might help you rethink how complicated your strategy needs to be. +Just wanted to thank you guys for this sub. I’m probably older than most of you guys but I’m finally getting into stocks by cashing out some of my crypto. The other stock subs are good but this one is great for realistic/safe viewpoints. Ty again! +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’m a recent first time homeowner in a large city. When I started paying my water bill from the city I received what seemed like a predatory advertisement for insurance on my water line for an extra $12 each bill. At first I didn’t pay because it seemed like when they offer you purchase protection at Best Buy, which is a total waste. + +Then after a couple years here I was talking to my neighbor about some work being done in the street in front of his house. He said his water line under the street was leaking and even though it’s not in his house and he had no water damage, the city said he’s responsible for it and it cost him $8000 to fix it because his homeowner’s insurance doesn’t cover it. + +I immediately signed up for that extra $12/month. Well guess what. Two years later I have that same problem. The old pipe under the street has broken and even though it has no effect on my property, I’m responsible. But because I have the insurance I won’t have to pay anything at all! + +Just a quick note to my fellow city homeowners to let you know how important it is to have insurance on your water line and sewer. +Tens of Millions of short untenable positions in GME will expire this month. Hence, an all-out effort by hedgies to suppress the price. + +DRS is working. Slowly, but surely, the float is reducing. Hedgies are now resorting to desperately short ETF's multiple times over. + +GME quarter ending 31st Jan. will be a blockbuster. With great inventory, long queues at outlets, and strong seasonal demand, the revenue numbers will beat all expectations - as is happening past few quarters. + +Operational efficiency and closure of non-performing stores will cut overheads and cost. It is just a matter of time before GME goes green based on these and improved margins. + +NFT Marketplace will be a game-changer. The hedgies are so afraid of this development that they have resorted to pre-empt and break this news despite there being no official announcement from GME. + +NFT dividend? Or just plain cash dividend? Both are in the realms of possibility. It is for the hedgies to worry about it happening. For GME holders, it's just one of many positive surprises to look forward to in future. + +GME Buyback? With 100 Million leftover cash for buyback, any announcement on this score will be a bombshell revelation. + +Ryan Cohen/Insiders buying the dip? No GME insiders are selling. However, there is a possibility of insider buying, especially with the juicy dip. This will greatly boost the sentiment for the stonk. + +In short, stay Zen. Buy. Shop. HODL. DRS. +&#x200B; + +https://preview.redd.it/lb5ikxhieu171.jpg?width=700&format=pjpg&auto=webp&s=2c9b640b67832942b459dae3e450158b4929bbbf + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/6mdyrgkleu171.png?width=2000&format=png&auto=webp&s=591f932dd7773dc0d3301b2a547e3e951f94e7f7 + +The Australian Mutual Provident society (AMP), was formed in 1849. It started out as a non-profit insurance company and mutual society. In 1998 it was listed on the ASX as a public company. For over 170 years AMP has provided insurance, banking, and wealth management, as well as has been a huge investor in real estate and infrastructure capital. + +As part of their wealth management business, AMP manages large superannuation funds. At the start of 2020, between their 'Superannuation Savings Trust' and the 'Wealth Personal Superannuation and Pension Fund' (which they run), AMP served 1.8million super members across Australia. With 100 billion in assets at that time, it would have put them in the top 5 super providers by asset value. + +According to Wikipedia, AMP also has one of the largest shareholder registers on the ASX exchange (ouch!). Currently, they have over 700k different shareholders on the books, of which more than half own less than 1k shares. + +# The Checklist + +* Net Profit: negative in 2 of the last 5 years. Bad ❌ +* Outstanding Shares: significant cap raise 2019. Bad ❌ +* Revenue, Profit, & Equity: sharp decline last 5 years. Bad ❌ +* Insider Ownership: 1% w/ some buying, but major sell by CEO LY. Bad ❌ +* Debt / Equity: 652% w/ Current Ratio of 0.1x. Bad ❌ +* ROI: 7% Avg L10Y w/ 0.6% FY20. Bad ❌ +* Dividend: 18% yield 10Y Avg Yield w/ 0.0% FY20. Bad ❌ +* BPS $1.24 (0.9x P/B) w/ NTA $1.06 (1.1x P/NTA). Good ✅ +* 10Y Avg: EPS 20.8cents (5.6x P/E). Good ✅ +* Growth: -15% Avg Earnings Per Share Growth L10Y. Bad ❌ + +&#x200B; + +**Fair Value: $3.28\^** + +**Target Buy: $2.29\^** + +^(\^These prices are based on figures for what is fundamentally now a different business, as they include figures from insurance unit, which is now sold. This historical fair value & target buy price have no real relevance other than to give us a general idea on what the business used to be worth, on average.) + +If anything, the above quick checklist really brings home the point that a business should be evaluated on more than just its basic valuation metrics. By nearly all counts, this is a terrible business to invest in. However, working off stuff like EPS and BPS exclusively, it would seem one is getting a great deal. + +# The Knife + +[marketindex.com.au](https://preview.redd.it/g3gt5osdfu171.png?width=961&format=png&auto=webp&s=79d67e45a99bf1cc4c5f2291984a7ce7894ec3d5) + +At it’s all time high in 2001, AMP’s share price rose as high as $16 a share. AMP's fall from grace for the share price itself has evidently been long and arduous. + +This decade, AMP enjoyed a more recent high in 2015 of over $6 a share. At that point, AMP’s market cap was just under $20 billion, and they were considered one of Australia’s top 20 largest public companies. Indeed, they were a member of the S&P/ASX20 index up until 2018. + +Early 2018 marked the year of one of AMP's most dramatic collapses. Investors who had bought in the years leading up to that point, would at the close of Friday at $1.17 (28th May 2021), be down anywhere between 70% and 80% of their investment. Even had they bought AMP 1 year ago today, they would still down 30%. + +# The Diagnosis + +The Short Answer: The Royal Commission on Banking & Super funds dealt a serious and maybe fatal blow to AMP’s reputation in the market. + +The Long Answer: AMP’s business is a cluster fuck and appears to have a major management and culture problems. These problems are quickly destroying a business, which had already been struggling for the last couple of decades. + +**Banking Royal Commission** + +&#x200B; + +https://preview.redd.it/x9en6u6wfu171.png?width=3500&format=png&auto=webp&s=236dfac144d12c07f2066bd468a5e976cca395e9 + +At the end of 2017, the Australian Federal government launched a royal commission into the misconduct in the banking, superannuation, and financial services industry. What they found were many instances of abuses by banks and financial institutions. Not many in the industry spared criticism of the commission, but perhaps the most damaging of these findings were the revelations that AMP was charging clients for financial advice that was not being provided. + +The widespread and systematic nature of AMP’s fee charging regime was no mistake, was not isolated, and had been occurring for many years. Direction for the illicit behavior appeared to have gone right up to some of the top echelons of management. On top of all of that, AMP were found to have mislead the ASIC on multiple occasions. The CEO of AMP at that time, Craig Meller, resigned. Many other board members also resigned in the years since, as the organization has struggled to try to renew its image and turn around the sinking ship. + +**Class Actions** + +https://preview.redd.it/mhiss3h7gu171.png?width=2400&format=png&auto=webp&s=c2ff71d13a271eff78875bdef924bcbf47fbf337 + +The commission proved to be only the opening salvo. A dogpile of plaintiffs emerged to take a bite out of the disgraced business. Several class action suits launched against AMP. Shareholders suing for loss of value in light of ASIC misrepresentations; insurance customers accusing AMP of overcharging on premiums; and former financial planners alleging breach of contracts. I believe of these the planner suit is still ongoing. Regardless of the tangible costs, perhaps the more long-term cost has been to exact an even steeper price from AMP’s already damaged reputation. + +**ASIC Lawsuit** + +The latest of the developments is the very recent news this week (27th March) that the ASIC has lodged a suit against AMP for allegedly charging premiums to dead people. They claim that AMP charged life insurance premiums and advice fees to more than 2000 deceased customers. Further, they alleged that AMP knew that these fees were being charged but did not try to fix the issue. + +&#x200B; + +[Like... a lot of them.](https://preview.redd.it/yzahhp2igu171.png?width=736&format=png&auto=webp&s=a09d64e4ec07bbb2673fddda4309c7f83937fb3d) + +Honestly, trying to comprehensively assess all of the negative news regarding AMP has been almost impossible. The more I dig, the more I learn of some other major development in this saga. If anything, the latest news of charging dead customers is just more fuel on the burning dumpster fire that is AMP. + +# The Outlook + +Not good. + +&#x200B; + +**Demergering the Businesses** + +Coming away from the Royal Commission, the major strategic direction of the new CEO and AMP’s management appears to have been to split up the business and sell off the viable parts. The first of which was their then loss-making insurance business. After 170 years in insurance, AMP sold the arm to Resolution Life, a Bermuda based company, for $3 billion. The irony is that they had to conduct a $650million capital raise just to have the funds necessary to piece together the demerger. + +Originally the plan was to include the New Zealand based wealth management business in the sale, but that later was cut from the deal. It’s not clear to me which party decided to walk away from that portion. Though AMP has still broadcast intentions to offload their New Zealand business unit eventually. + +&#x200B; + +[Tis but a scratch!](https://preview.redd.it/7uah7k1lgu171.png?width=960&format=png&auto=webp&s=ccb766053fe9d786047ed4d3448523b2c68ce4c6) + +This year, AMP was preparing to sell a majority stake in AMP Capital (their infrastructure and real estate investment business) in a deal with Ares, a private equity firm in the US. This is after Ares initially looked to purchase AMP outright. Both deals have thus far fallen through, however. Since then, AMP has offloaded some of the individual capital investments to other firms like Lendlease. + +These moves seem almost desperate, but when you look at their balance sheet, you can see why that might be the case. Their long-term debt is 600% larger than their total shareholder equity. Their current liabilities amount to about 25billion, while they only have about 3.3billion in current assets to cover those with. + +Ultimately, AMP has indicated that they want to reduce the business to the Banking and Australian Wealth Management units only. Though that assumes AMP can complete its transformation plans without going insolvent first. The way things are shaping up, I could very well see the Banking side being cut away as well in a fire sale. Either way, when everything is said and done, there will not be very much left of the original Australian goliath. + +**Financial Planning Industry** + +What little is left will be heavily focused in an industry that has long been in decline: financial planning. Part of this decline is a changing of standards. One result of the commission was the federal government setting up FASEA (Financial Adviser Standards & Ethics Authority). New rules coming into effect will increase the level of qualifications required to continue to operate as a financial planner. This will provide further barriers for new planners, and likely push some portion of those currently practicing out of the business. + +&#x200B; + +[Phasing in new qualification requirements](https://preview.redd.it/11fc660qgu171.png?width=1600&format=png&auto=webp&s=0b348f422831ef6fcf54f5666921986e5bc160c8) + +Though, I think the writing has been on the wall for a long time as far as that goes. If anything, it will only hasten a decline that was well underway years prior to this. AMP had been cutting back heavily on their roster of financial planners for years even prior to the Commission, and things have only gotten worse since. Indeed, Friday (28th March) it was announced AMP plans to cutting an additional 20% of its staff to “streamline” the business. Stinks of last ditch effort to stay afloat though. + +# The Verdict + +I think AMP’s troubles extend far beyond simply a damning Royal Commission report and a gradual decline in an industry. If AMP’s long-term strategy is to reduce the business to core banking and financial planning, then it leaves them in a strange position. Financial planning is essentially commoditizing advice. Banking is the safeguarding of other’s money. They are both industries that rest upon a foundation of trust. + +&#x200B; + +[Photo from The Australian](https://preview.redd.it/fxfyb6hvgu171.jpg?width=1280&format=pjpg&auto=webp&s=2cb5bf78206152dcdd65e9d476ee11545b040bc9) + +With AMP’s name sullied by a string of accusations of unethical behavior, they’ve become a pariah of the industry. I expect they will struggle to build on their client base, if they survive at all. The only optimistic angle I can find is if the wealth business is completely sold off and rebranded. And that evidently is not off the cards. AMP’s name itself may be the ultimate casualty of management’s questionable activity over the years. + +# The Target + +But let’s ignore all that for a moment and try to value this business as sits now. It turns out that is somewhat difficult. Part of the problem is that the business has been split of from their insurance business at this point, so the consolidated historical figures are largely irrelevant. So, to give it a proper valuation, we need to base it on estimates of AMP in the future. However, that is also clouded owing to an uncertainty over what will actually remain after the business is fragmented and portions are sold off. + +That being said, we can get a baseline by limiting our focus only to the business segments that AMP have claimed they want to retain in the long term: the Australian wealth management and banking businesses. + +Determining book value is also tricky, given a bulk of its assets are likely tied up in AMP Capital. Though, maybe we can use a rough estimate taking the FY20 equity ($4.27billion) and discounting it based on the proposed sale of a 60% stake in AMP Capital earlier in the year (at $1.35billion). This works out to be a $2.25billion grossed up value, which is just over half of their current book value. + +Dividends would change long term as well. However, AMP has not paid any dividends in the last couple of years, so leaving them out of this evaluation seems appropriate. + +&#x200B; + +[AMP FY20 Annual Report](https://preview.redd.it/cxwo3627hu171.png?width=997&format=png&auto=webp&s=d4ab9e02677c54caa007663c51a4489d50c13700) + +Working off FY20 figures, AMP Bank in FY20 made $401million in revenue and out of that achieved a NPAT of $119million. AMP Aus Wealth Management in FY20 made $1,062million in revenue and out of that achieved a NPAT of $110million. Combined it comes to $1,463million revenue, $229million NPAT, and $2billion in equity. With 3,436million outstanding shares one gets the following stats: + +&#x200B; + +* SPS 42.6cents +* EPS 6.7cents +* BPS 58.2cents + +This would give us revised long term price targets of: + +**Fair Price (Long Term) - $1.09\*** + +**Target Price (Long Term) - $0.88\*** + +\*Keep in mind, these price targets fail to factor in any additional fines and damages coming out of the currently unresolved lawsuits, and the result of those could be quite significant. + +# The TL;DR + +The Banking Royal Commission turned out to be catastrophic for AMP, when it found that they had been ripping off customers for years and misleading the ASIC to boot. Since then, an army of skeletons have been jumping out of AMP’s closet, further driving a stake into the heart of this dreadful business. AMP’s problems are not structural *per se*, but the business appears to have an unrepairable internal culture and hopeless (to put it nicely) management. + +One might be able to try to piece together the wreckage and find a fair value off what will be the core business when the dust settles (Wealth Management and Banking). I personally think the only opportunity for those holding this stock now is a complete breakup and sell off of the company. Luckily for them, this appears to a real potential, with a deal nearly getting done with a private equity firm earlier this year. + +If so, there could be a light at the end of the tunnel for bagholders. In 2020, the USA listed Hertz car rental company announced that they were filing bankruptcy. Despite this, many people continued to buy their, at that point, $1.00 shares. The gamble paid off and shareholders are now set to be paid $8 per share when the company is sold off to two investment firms. Could AMP present a similar opportunity? It isn’t clear. I feel bad for all of the bagholders that have been stuck holding this train-wreck, and so I hope it works out for them. + +Talks with private equity had the business as a whole potentially being sold for $1.80 per share. However, there’s still a lot of baggage with potential additional external costs from fines and lawsuit damages that would erode this value. Personally, I wouldn’t put $1 dollar into this stock under the circumstances. But if I were game for a punt, I’d be waiting until the share was well below the net tangible book value ($1.06) before I even considered it. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀 + +*I'd love to hear other's opinion on AMP and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*Currently on the Watchlist (rough order): TGR, IFL, RFG, TPG, RBL, CGF, NXL, URW, IPL, SXL, ASB* + +*Previous Editions of Catching the Knife:* + +1. [The Second Australian Company (AGL)](https://www.reddit.com/r/ASX_Bets/comments/ms53c0/catching_the_knife_the_second_australian_company/) +2. [The Daigou Milk Company (A2M)](https://www.reddit.com/r/ASX_Bets/comments/mxf4xu/catching_the_knife_the_daigou_milk_company_a2m/) +3. [The Largest Australian Energy Company (ORG)](https://www.reddit.com/r/ASX_Bets/comments/n1va2b/catching_the_knife_the_largest_australian_energy/) +4. [Amazon’s Bogan Australian Cousin (KGN)](https://www.reddit.com/r/ASX_Bets/comments/n7cpxk/catching_the_knife_amazons_bogan_australian/) +5. [Putting the Autistic Individual in AI (APX)](https://www.reddit.com/r/ASX_Bets/comments/ncm2on/catching_the_knife_putting_the_autistic/) +6. [The Australian Telecom Company (TLS)](https://www.reddit.com/r/ASX_Bets/comments/ni771f/catching_the_knife_the_australian_telecom_company/) +Tether is usually reports its supply on their official website once every day, at an inconsistent time. That's why you can see stairs like this on a market cap chart: + +[Tether market cap in the past 7 days - not counting the depeg it's the same as the supply](https://preview.redd.it/dymvdlxi03091.png?width=951&format=png&auto=webp&s=098410d180c50328cbe0103ebc98317c3d72f917) + +If you go to their website you can see their current circulating supply with the same latency: + +[The last update date is not true - it's actually May 14 and the supply exactly the same as it was 3 days ago](https://preview.redd.it/1vtvjvqez2091.png?width=1298&format=png&auto=webp&s=390553ce99b2cdb44d12eb745cf9b3505c77c9aa) + +So they're not only not reporting the supply, but they're also lying about updating it. The only reason why would they do that is because their supply fell significantly in these 3 days and they don't want more people to follow. If they didn't hide the 8B that dropped during 5 days, how much are they hiding from these 3 days? + +Tether is getting more and more shady with everyday. They will probably try to buy back some of the withdrawn Tether with their reserves, decreasing their actual reserves and shooting themselves in the foot further. Of course Tether collapsing is not a good thing, many people will lose their money and a crypto crash will follow. Under any circumstances, don't hold Tether. +Yesterday someone used my mother’s card details to make 18 x £1000 purchases at Apple, £1000 at Argos and £1000 at John Lewis. This wasn’t flagged by the bank as suspicious and her card was only blocked when she tried to make an £11 payment in Starbucks. +Last week someone used her card details to make a £500 purchase in Argos, she rang the bank to tell them and got a new card sent out. The thing is, the £20k that was spent yesterday was made using her new bank card details which she only received in the post on Thursday and hadn’t used online at all. + +The bank are still dealing with the first fraud that happened, they said that even though the bank stopped the payment the £500 would come out of the account but would then credit back immediately and that someone would call her. The £500 hasn’t gone back into her account and nobody has rang her so the bank seem pretty useless tbh. + +My mother has moved the majority of the money out of the bank account in case it happens again. She’s put in a complaint with the bank about £20k not being flagged as suspicious and is going to go to the FOS about it too. + +Is there anything else she should be doing to try and stop this happening again? Any other advice? + +I hope this makes sense, and thanks in advance. + + +UPDATE - as so many have asked, the bank is TSB. + +20M I currently invest $6000 per year into a RothIRA(managed by robo) and $300 per month through Walmart associate stock purchase plan. My expenses are extremely low, I scrape by roughly on $400 monthly and currently have a savings near $7000. I want to ensure an enjoyable retirement and that I will be able to provide education etc for my future family. What steps should I take to ensure that? Currently I am working towards a career job because pinching pennies will only get me so far and I’d like to improve my quality of life. Thank you for any responses. Happy Holidays 🎄 +My wife and I both work full time with 2 kids in our mid twenties. I make $74,000 a year + $5,000 bonus as a marketing consultant. I also have a 9% 401k match. My wife makes $42,500 + $8,300 bonus as an elementary teacher (she can also earn another $5,000 a year for teaching summer school). I also have a side hustle I’ve done for a few years that generates another $10,000 a year. In all, we will make a little over $140,000 this year once we get our yearly raises. + +I feel like we both could be paid more. For my wife it would take a career switch, for me it would just take some work applying. We live in a LCOL part of the country and our biggest expense is daycare at $1,130 a month, even with owning a 1300 sq foot house. In a non bonus month, we take home a little over $9,000 and of that no more than $4,000 of that goes to expenses. On average we put $1,053.11 per my paycheck into my 401k (including match, 26 checks a year), $1,000 into Roth IRAs (maxed both since 2018) and at least $2,000 into taxable accounts. Our oldest stops daycare in May, so our free cash flow will increase by $550 then as well. + +I feel like any job one of us got would only increase our savings, not our life style, and we already save over half of our income. Should We strive to leave comfortable jobs for a higher salary if we are doing well financially? +Hi all! I’d like to have catered advice on how to intelligently invest my money based on my profile. + +**INTRO** + +Here’s the situation: since I was a kid, I saved up all the money I could get my hands on (birthdays, Christmas, and eventually summer jobs), and now in my 20s I have a total net worth of about 20K sitting in two different accounts (one in the UK \[£6K\], and one in France \[€14K\]). + +My UK account is my main one, covering all my current expenditures; whereas my account in France is just collecting dust. As a result, I want to use this money efficiently and am hoping to grow my wealth, but have no experience/knowledge as to how to approach this. + +**SPENDINGS** + +I have an approximate spending of -£673.5 per month (\[-£300\] in costs of living and \[-£373.50\] in rent/bills). Based on my needs, this is the cheapest price for rent I could find in my city, and this is my optimal costs of living expenditures (although I could potentially cut further down to \[-£250\] if I abstained from night-outs). + +**INCOME** + +I currently obtained a summer job that will bring me about \[£1125\] per month (or \[£4500\] in the next 4 months). Subtracting my monthly spending, this leaves me with a net income of £451.5 per month (or £1806 in the next four months). + +**THE PLAN?** + +\- My initial thoughts were to invest a big bulk of those €14K (maybe 10K, and keep the remaining 4K as emergency fund) into something (stocks ? what sort? something else?). + +\- How should I use the net income I’ll obtain in the summer? + +**ADDITIONAL INFO** + +* I’m full solo, my parents won’t support me. +* I’m currently residing in the UK and will stay here a few more years. +* I’m about to finish a useless Arts & Humanities degree (on the plus side, 'got a bursary, 'am paying zero tuition fees for it). +* I don’t have a car, am not planning on buying one. +* I have no student debts whatsoever. + +Please abstain from troll comments or "this is reddit, don’t take advice from strangers" remark; only want (constructive) advice. + +EDIT: typo +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Your markets are run by bots. Now your Weekend threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned. +What would happen if you put $100 on 100 new cryptos to emerge? It would cost $12 or 13k to do (exchanges, penalties, etc.) and you'd lose it on quite a few of them, but wouldn't it be worth it for the few that did well? Has anyone run the numbers or attempted this? +Whether you ‘get it’ or not, NFT is here to stay. + +[https://i.ibb.co/2MQdJ3Z/internet-mad-at-nft.png](https://i.ibb.co/2MQdJ3Z/internet-mad-at-nft.png) + +The skeptics reading this will immediately roll their eyes and scoff. + +*“I don’t get it. It’s just a GIF”* + +*“It’s all hype bro. It’s already crashing.”* + +Ok, I admit. + +Selling NFT of a tweet for $2.9M ([https://apnews.com/article/cryptocurrency-bitcoin-coronavirus-pandemic-financial-markets-jack-dorsey-266837b2a2b84b3cd39c2111723ddf3c](https://apnews.com/article/cryptocurrency-bitcoin-coronavirus-pandemic-financial-markets-jack-dorsey-266837b2a2b84b3cd39c2111723ddf3c)) is totally asinine. So is an ‘NFT-Powered’ hoodie that sold for 26k ([https://hypebeast.com/2021/4/overpriced-nft-powered-hoodie-sells-for-26000-usd](https://hypebeast.com/2021/4/overpriced-nft-powered-hoodie-sells-for-26000-usd)) + +If you are disillusioned with the mainstream hype of NFT and its degeneracy, I don't blame you. + +But here are three exciting use-cases of NFT that may shift your perception: + +1. Collectibles: cryptoKitties, crypopuffs.app, cryptopunks, NBA TopShot, Sorare (PSG Football Club) +2. Gaming: Chain guardians, Axie Infinity, F1 Delta Time +3. Tokenization of real-world assets and properties to represent ownership. + +Despite the pundits’ opinions, NFT is here to stay. + +[https://i.ibb.co/KxSgCN2/Screenshot-2021-04-17-9-58-25-AM.png](https://i.ibb.co/KxSgCN2/Screenshot-2021-04-17-9-58-25-AM.png) + +[https://i.ibb.co/HPWz1p3/Screenshot-2021-04-17-9-56-01-AM.png](https://i.ibb.co/HPWz1p3/Screenshot-2021-04-17-9-56-01-AM.png) + +Institutional investors are taking notice. Illuvium ($sILV) recently raised $5m for their NFT-based fantasy battle game [https://venturebeat.com/2021/03/11/illuviam-raises-5-million-for-nft-based-fantasy-battle-game/](https://venturebeat.com/2021/03/11/illuviam-raises-5-million-for-nft-based-fantasy-battle-game/) + +There’s a small project on Binance Smart Chain that will be making waves with its mighty fins in the coming days. + +(Why BSC? I believe the low gas fees makes the ecosystem accessible to the masses. Until ETH can solve its gas congestion issues, it’ll remain a walled playground for the early adopters and the wealthy.) + +Enter Blowfish: [blowfish.one](https://blowfish.one) + +[https://i.ibb.co/MVBSLsR/66d4aaaa-4c82-4f8f-ae57-fe7b0d599122.jpg](https://i.ibb.co/MVBSLsR/66d4aaaa-4c82-4f8f-ae57-fe7b0d599122.jpg) + +If you've checked my post history, you will see that I’ve been hyped on this project for a while. If you aped in then, you could've made a cool 50x. + +There’s been some nice pumpage for $BLOWF leading up to the NFT launch tomorrow: [https://i.ibb.co/tKtGD7x/Screenshot-2021-04-17-11-38-55-AM.png](https://i.ibb.co/tKtGD7x/Screenshot-2021-04-17-11-38-55-AM.png) + +So, is it too late to ape into blowfish? + +Not at all. + +Sitting just around 4 million market cap, Blowfish has a lot of room to flap its fins to new heights. + +As a comparison, gamified DAaps like Chain Guardians (chainguardians.io) have a full diluted market cap of 208 millions. Axie infinity (axieinfinity.com) has a market cap of 328m, or 2B fully diluted. + +I’m not claiming that Blowfish ($BLOWF) can hit those figures. But I do know that it doesn’t take that much funds to pump a project from 7 figures to 8 figure market cap. Taking a project with already 8 zeros to the next level is exponentially more difficult. + +So what’s all this hype about Blowfish’s upcoming NFT? + +[https://i.ibb.co/svy5MZv/Screenshot-2021-04-17-11-42-30-AM.png](https://i.ibb.co/svy5MZv/Screenshot-2021-04-17-11-42-30-AM.png) + +Here’s the rundown: + +1. You collect Cryptopuffs NFT by depositing BNB & Blowfish’s native token, $BLOWF ([https://coinmarketcap.com/currencies/blowfish/](https://coinmarketcap.com/currencies/blowfish/)). The longer you stake (1 \~ 6 months) the higher the chance of unlocking rarer blowfish. +2. You can trade Cryptopuffs NFT on any BSC marketplace. Blowfish.one will also be developing its own NFT marketplace. +3. In the near future, you will be able to battle other Blowfish - autobattle is the rumor I'm hearing - to improve your Cryptopuffs’ attributes + +Blowfish team is committed to continuously adding value to $BLOWF token by releasing more Dapps in the near future, which makes this one of the rare microcaps that I can hold and sleep through the night. + +NFT ecosystem launches tomorrow and whitepaper is coming along with it. + +Here's the main website, [https://blowfish.one/](https://blowfish.one/) + +And the preview site for NFT: [cryptopuffs.app](https://cryptopuffs.app) + +Trade $BLOWF on Pancakeswap +https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xA55BB91dE33B4abdf3aC64913D98A55ad84Dc3A8 +***Not financial advice.*** + +There is 1 big bullish event no one's talking about. I've posted about it 3 times before, let's go for attempt #4. + +* **TLDR:** GME might join a super massively big Index. The Russel 1000 series of Indexes. +* **TLDR 2:** This could be an anti-catalyst, not sure. Unconfirmed, must wait and see what happens if anything happens at all. Perhaps there could be an initial sell off if we move from one Index to another or other unforeseen price drops for reasons i don't know. + +**NOTICE:** Probably not happening, there's 1 funny requirement for joining the Russel 1000 that GME does not tick the box for. + +Companies with only a small portion of their shares available in the marketplace are not eligible for the Russell indexes. Companies with less than an absolute 5% of shares available will be removed from eligibility. See Section 7: Adjustments to Members’ Shares Outstanding (Float), for details on calculations of available shares. + +LMAO + +# What the hell is the Russel 1000 and why should i give a shit? + +**TLDR:** Tons of non-GME lovers buy GME daily by buying ETF shares. If we join the Russel 1000, this is bullish as fuck. The price will go vroom vroom. + +\----- + +Right now, the biggest index containing GME is the Russel 2000. Yes the 2000, not the 1000. + +Simply by joining this index, because it's a bigger index than the Russel 2000, ETFs that hold GME will have to increase their holdings of GME accordingly and this means buying more GME shares. + +**Well, put simply, the price would start going vroom vroom!** + +&#x200B; + +&#x200B; + +# How big is this Russel 1000 thing? + +**TLDR:** Pictures speak volumes, so i'll just leave this here. Ticker IWC. + +https://preview.redd.it/qjekdww2lox61.png?width=712&format=png&auto=webp&s=6d4acc6a939a19be33b9b28b5eeb776c03272cfd + +I don't know if we'll be leaving one Index to join the other or if we will be in both. + +&#x200B; + +&#x200B; + +# When do they check if GME is eligible to join? + +**TLDR:** Not guaranteed we're 100% joining yet, but we'll know soon. The process starts TODAY (May 7) + +\----- + +**Russel Ranking Day** + +TODAY (May 7) the FTSE Russel people are going to start the process of **ranking** a bunch of stocks out there to figure out which ones should join the Russel 1000 (or get removed from it cause they turned to shit). + +This is called the **Russel Ranking Day.** + +Source and details here: [https://www.ftserussell.com/resources/russell-reconstitution](https://www.ftserussell.com/resources/russell-reconstitution) + +https://preview.redd.it/oeon01ejcnx61.png?width=962&format=png&auto=webp&s=ff325712a067b75b222f7d8a1dc49940ee203efc + +&#x200B; + +# What's going to happen when if we do join + +**TLDR:** Massively bullish. The ETFs who follow the Russel Indexes will have to buy more GME shares so they can offer them to their buyers. BUY = PRICE UP = Happy Ape + +\----- + +The change in the contents of ANY Index is called **"Reconstitution"**. This is because the Index reconstitutes itself, it changes it's contents e.g stocks that it contains, hence the word "**Reconstitution**". + +&#x200B; + +In the last Reconstitution in 2020, **this happened!** + +[Nice](https://preview.redd.it/grjmwk69cnx61.png?width=933&format=png&auto=webp&s=7b87902ee51d7693b08dd673ce80f5217846a473) + +* This doesn't mean you'll see VOLUME = 69.9 Billion (nice) for GME on the day of the **Reconstitution**. +* ~~You are likely to see a big number close or above~~ **~~100 Million~~** ~~(guestimate) as they buy the shares they need for their ETF.~~ + +You know what that means you dirty monkeys. + +[https:\/\/en.wikipedia.org\/wiki\/Jacques\_Tits](https://preview.redd.it/v0kyut45enx61.jpg?width=1280&format=pjpg&auto=webp&s=d8f74fa19854a0978beda790603267e1296dc7c3) + +&#x200B; + +&#x200B; + +# Aight, so when are we joining this Russel 1000 thing? + +**TLDR:** June 25 (Really it's June 28) + +\----- + +The reconstitution finishes on June the 25'th (Friday) + +[https://www.ftserussell.com/resources/russell-reconstitution](https://www.ftserussell.com/resources/russell-reconstitution) + +&#x200B; + +https://preview.redd.it/w0w8266wenx61.png?width=947&format=png&auto=webp&s=9a5c9b41140715097e723e3bef788927bf312d23 + +&#x200B; + +The actual finished and reconstituted Index will be available to trade on the 28'th of June (Monday). We will find out whether we're actually truly joining the Russel 1000 series of Indexes sometime from TODAY until the 25'th of June. + +**So sometime in the next 49 day from today May 7, we'll know whether we're joining.** + +&#x200B; + +&#x200B; + +# How do they decide whether we're good to join? + +**TLDR:** If stock price is high enough = Join + +\----- + +If you're a wrinkly brained bastard with free time, the methodology on how they pick stocks during the Ranking is available here + +[https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf](https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf?_ga=2.22793595.1387236641.1620369231-174493700.1617795049) + +&#x200B; + +From what I've read, we're good to join. Have a read as well and **"AKSHUALLY"** me if you think i'm wrong. + +[Kidding tho, do correct me if i'm wrong in something and i'll amend the post.](https://preview.redd.it/l1n21bkfgnx61.png?width=680&format=png&auto=webp&s=92f7f9a0278d9f3cbded903f684bb1a244f81962) + +&#x200B; + +# Try not to ignore important shit like this + +This sub (Some users) is pretty reactionary and disses future looking (speculative) information. I'm here to shit on those users. + +This is important future looking information you need to take in consideration. For you who are totally smoothbrained, don't be disappointed if nothing happens. GME will still moon. + +*"Simple as" - Baz* + +&#x200B; + +The Russel 1000 isn't 1 Index. It's a series of Indexes like Kathy Woods ARK ETFs (but isn't an ETF). Just like she has ARKW, AWKW and so on... the Russel series of ETFs have Russel 1000 Growth, Russel 1000 Value and so on. I don't know which one we might be joining. + +&#x200B; + +More Russel Info + +[https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf](https://research.ftserussell.com/products/downloads/Russell-US-indexes.pdf) + +&#x200B; + +**Random info** + +* We're not joining the S&P500 anytime soon. They need "the sum of the previous four quarters of earnings must be positive as well as the most recent quarter." [https://www.investopedia.com/articles/investing/090414/sp-500-index-you-need-know.asp](https://www.investopedia.com/articles/investing/090414/sp-500-index-you-need-know.asp) + +&#x200B; + +[\\"Original Content\\"](https://preview.redd.it/otlnmbdjfnx61.png?width=554&format=png&auto=webp&s=a6516c3fcdd2a01b3465ad9371bf83ed9d4aa866) + +**Edit: Corrected ETF/Index wording.** + +**TLDR:** MAYBE WE JOIN BIG INDEX AND GME PRICE GO VROOM VROOM OR MAYBE NOT +This is not a shitpost, I’ve included screenshots and will provide additional if needed by the ghey mods to show this is real. + +I logged into a device’s Robinhood account (I’m from Iowa btw) and linked my bank account. Then immediately I transferred $15k into my Robinhood account by accident. I frantically tried undoing it, but they seemed to have eventually noticed because it says the password changed. So far, nothing has changed so I don’t think the person realizes what’s going on. The $15k is set to clear on the 10th (Tuesday) and I’m thinking about this non stop because why would this happen? I emailed Robinhood about it and they haven’t replied yet. + +I posted on legal advice and the responses were lackluster, but one commenter advised me to go to WSB since whoever I’ve tried to scam would likely be retarded enough to post about it. I figure I might as well come here to get a second opinion. What do I do? + +Edit: for the longest time I wondered how some people are retarded enough to go -99% in their accounts, but I now realize most of you are in fact actual crayon eaters +Link to a Tweet of Hudson: https://twitter.com/hudsonjameson/status/1097546558332121088?s=19 + +I hope Afri is not in serious danger. I am very grateful for what he has done for the Ethereum community. Maybe he was with one foot out the door already. Afri did not make the impression on me to back away from some criticism. + +By the way I am strongly against the personal attacks against Afri. However, there were also some valid critical comments against Afri's statements and actions. You cannot just take the stupid overly-aggressive and personaly attacking outliers and say: "Oh yeah the Ethereum community overreacted". + +Of course there are some idiots who attacked Afri personally, which does not help anyone and I am sure the majority of the community agrees with me. But there is also no denying that there was valid and constructive criticism coming from the community, which also had a lot of support. + +I wish Afri all the best for the future and if he makes his mind up what he really wants and which projects he wants to fully support, and one of them happens to be Ethereum, from my side he is always welcome. Maybe a little break is good for everyone, the community to calm down some stupid idiots and Afri himself to gain more perspective on his goals and outlooks for the future. + +English is not my native language, so sorry for all the mistakes :) + +Thank you Afri for your hard work. + + +/rant/I mean I am investing in stocks for 22 years now and I wouldn’t even know the abbreviations of my own holdings +. How do you expect me to rate your portfolio when you just post abbreviations? I am not going to fucking google all of them …. /rant over/ + +Edit: Some folks in the comments don’t seem to understand my point. This rant is not about the moment you buy a stock - yes you need tickers for that. This is about the moment someone asks for their portfolio to be reviewed. The ticker is not the most important . The most important is to know the name of the company in order to give feedback. + +Edit2: English is not my first language - we call it abbreviations here - most people call it ticker elsewhere. To those who called me dump because of this - at least I speak 2 languages :) lol +I sold my TSLA holdings today and have $10,000 to work with. I want to set this up for my 1 year old so by the time they are 18-20 they will be able to access this for college. + +DRIP portfolio: + +QYLD $5000 + +MSFT $1000 + +O $2000 + +SCHD $2000 + +What do y'all think? +Imagine any major company announced in a 10k that 25% of its total shares had been bought by another entity. It would be headline news on the financial websites. + +Now imagine that not only has 25% of the company been bought, but the entity continues to buy more and more at a faster pace. Even more newsworthy. + +Now imagine that this entity is actually a diverse collection of regular people who communicate on an open public platform and month by month put their earnings into buying pieces of this company. That's new, and again, quite newsworthy. + +It doesn't matter if the media outlet wanted to praise, mock, or undercut the DRS movement, it's NEWS. They're supposedly in the business of bringing new, interesting things to their audiences. + +But with DRS, never a whisper. Never a passing mention. They mock us for a lot of things — deifying Ryan Cohen, buying stupid jpegs on the NFT marketplace, throwing our money away at a dying brick and mortar, being unsophisticated bagholders, and on and on. + +But no one in the media makes fun of us for our weird DRS habit. No one even mentions it. Day after day of purple circles, and nary a word. It's completely taboo. And it's not like we can't be mocked for it. Other investing subreddits are happy to do it. But the media who take their orders from the powers that be? Silence. + +This tells me DRS is something they truly fear. +Just curious before we put it through. The house needs for nothing and is moveable straight away (recently refurbished etc). + +It’s been up on the market since June, hasn’t been reduced at all. We’re first time buyers and with stamp duty (which I get isn’t the sellers problem) would take us to our budget around the 550k mark. + +We have the budget to buy it at 570k but we don’t want to offer that, we’d rather find somewhere we can get a bit of a bargain on and use our FTB status for something great. + +Keen to know what everyone thinks! +According to a number of articles President Trump is seriously considering firing Federal Reserve Chairman Powell because he feels that raising interest rates is misconduct. What impact would this have on the stock market if Chairmen Powell is fired? + +[https://www.reuters.com/article/us-usa-trump-fed/trump-has-discussed-firing-federal-reserve-chairman-powell-bloomberg-idUSKCN1OL050](https://www.reuters.com/article/us-usa-trump-fed/trump-has-discussed-firing-federal-reserve-chairman-powell-bloomberg-idUSKCN1OL050) +First, a bit of information about my dad: We are european, he is around 50 years old. He is a matemathician and a teacher, so he is a knowledgable person. + +So, I was explaining to my dad the existence of these dark pools. + +Now, I didnt mention GME, citadel or anything concrete. Just pointed out their existence and how unfair it is. + +At first he didnt seem to believe it but after I showed him a Reuters article about it he was extremely surprised. + +He had no idea this could even possibly exist. + +Essentially what I wanna say is, people know crime when they see it, we just need to show them it exists first. +EDIT: Wow! Thanks so much for all the kid words and, jeez, the awards- you guys are all special! + + + +Like, I’m a grown ass man. I’ve had some success in my life. I worked for a Fortune 50 company for many years and Ad agencies who supported that same Fortune 50 company. Lots of years and salary and benefits, vested stock- all the bullshit. And the money was good, until it wasn’t. + +I never wanted to be the person I was becoming, a marketing asshole, driven by accounts when I was on the advertising side, and driven by being perceived as better when I was the client. Money got in the way of what I was really good at- being a creative. Working with Small teams, collaboration, the ability to turn the wheel in the right direction at ‘our discretion not corporate assholes., + +These are the words of a 50+ year old man who on paper seemingly has many of the answers to life. Nice cars, nice house, 2 kids I’d fucking kill for (seriously). + +I hate myself and the opportunities I lost. I chased a little more cash instead of what I really wanted- autonomy and self sufficiency- for a slightly better apartment at the time, and more money for booze and eating out. Don’t be like me. That’s the hindsight view of my life. + +What I see today, and every day since January, is a bunch of numbers and posts and scrolling, reading, researching, communion, loyalty, mania, and love in my life. + +While my life hasn’t changed much, my outlook on it has changed tremendously because of all of you beautiful apes. + +THANK YOU! +I am currently in college, graduating in December 2022 with no debt. + +I have a part time job making minimum wage. + +Should I invest this money anywhere right now if I will need it to move out in 2-3 years? + +or should I just put it in savings and invest when I move out and get settled? + +&#x200B; + +edit: I see a lot of people are saying yes, what would you recommend I invest in? +To set the stage - +In 2006, I was broke, freshly transplanted to major city California, and had 1 job, 30 something hours a week as a baggage handler at the airport. +I made $11 an hour, and slept on the couch of a friend's apartment. I never set foot in a grocery store. Everything was fast food. +I lasted 3 months. Failed. Moved back home. +2007 and 2008 had the same cycle. Pick a state. Move. Find a job. Find a roommate. Fail. Move back home. + +In 2009, I started college, a cheap university high up in the mountains. +A Pell Grant was enough to cover all my expenses, and I could have lived modestly. 4 easy years, living on the governments dime while I got a degree. + +Instead... Shitty friends, fast food, weed, and booze. A car I couldn't afford but looked good. New clothes to not wear to the classes I skipped. + +In 2011, I failed out. Car had been repo'd. Work fired me for missing days. Bank charged me for overdrafts. Rent came due in a hurry, and I didn't have it. + +I had no job. I was becoming homeless. +I stayed in a shelter for 6 weeks, working as a dishwasher in a buffet, and server in a dine-in pizza place. I saved all my money, for 5 full weeks... and blew most on drugs and alcohol. Its amazing how many friends you accumulate when they're drinking your beer for free. + +When the money ran out... The party stopped. And I failed again. Crashed hard. + +I sold everything I owned, and mom chipped in the rest for a bus ticket. + +In 2012, I moved back to my home state (in my late 20's) with $0 in my pocket, half a bag of rolling tobacco, and my skateboard. +The only good thing in my life... Was my credit was too shitty for a credit card. So i had no CC debt. I was truly at $0. + +I slept on the living room floor of an old friend's rental house, because the couch was already claimed. +I got on SNAP benefits. +I found a job. $10 an hour. +I spent as little as possible. +Found a trailer to rent. Found a better company doing the same work... + +And for 6 years, I've done my best. +And it has been hard. + +Like... Grown man lying in bed breaking down crying in fear and stress and anger and frustration, and somehow... +Lasting one more day. Telling myself... This is not your best. This is good for now, this is a good today, and I can make tomorrow better. + +I've worked on my own car, taken side jobs, asked for raises and more hours, and accepted any task thrown at me. +Scrub food out of the floor sinks in the kitchen every night? Ok. +Work from 5am to 230pm, then go assist from 9pm to 3am on a grease trap replacement inside a restaurant? Sure. +Drive an hour every day to the jobsite? You've got it. + + +Now, I'm soon to be married. Stepkids. A house in the near future. A car loan. A solid job. A company vehicle. + +We paid our wedding off already. $100 a week each, instead of dining out or going to the movies or buying makeup or clothes. It took almost 7 months. + +I've learned how to cook for 5 people for $100 a week. $20 per person for 12-15 meals, since the kids are still in school. Eggs and potatoes and onions go far. Pasta is a mainstay. Rice is a miracle filler. + +We pack lunches and take snacks to work. +I wait for the sales on brand name cereal and buy 10 boxes for $15. I buy a dozen gatorades when they're 58 cents each through the grocery store app, instead of $2 each at the gas station. I go to the spanish grocer for cheap produce and off brand cleaning supplies. + +We buy clothes from discount racks, and entertainment secondhand. Bikes and video games are from CL or Letgo. +Fish and turtles are dirt cheap pets, and you can find a tank for $10 or less. +A football or soccer ball is maybe $5 at goodwill, and gets the kids out of the apartment and playing with friends. + +Our next goal is to stop paying rent, and start paying a mortgage. We'll get there. + +I've been seriously working on Me, for 6 years now, so I didn't repeat the cycle again. I didn't have a car for almost 3 years. It took me 4 years before I had an emergency fund. It took 5 years before the money in savings stayed there. + +And it's working. + +It's getting better. + +And if I can do it... Me, the loser pothead dropout failure with crooked shoulders and scrawny arms, that used to make your pizza, mad at the world, and deep down... Hating myself for being the situation I was in.. + +If I can do it... +You can. + +EDIT: +THANK YOU ALL. +I'll do my best to respond to each comment when I'm on lunch. +I live in a city where many people are street homeless, and I get asked for spare change around x3 a day. Previously I have always said “Sorry, I don’t carry cash” (which is true). I am sick of hearing myself saying it. I am lucky enough to be in a fairly privileged financial situation, and I would like to start giving £1 each to people who are street homeless who ask for change. + +My question is, where can I take out a lot of pound coins (I.e. £100 pound worth of £1 coins). + +My bank don’t offer pound coins anymore. Is there somewhere online or in-person that I can order them from? There is a small Tesco locally that gives small amounts of £1 coins, but I doubt they’d be able to give me more than a few, whereas I’m looking for around 100. + +Edit: I live in Bristol, England, UK. +**SpaceCorgi** - More than a meme - Has actual utility - Partnerships with major Pet Service iOS/Android apps. + +There is a lot of FUD around BSC tokens because of Elon and Vitalik. A lot of that is around dog tokens especailly, and there is good reason to be weary. But this is r/CryptoMoonShots and **SpaceCorgi** has actual potential as a 100-1000x coin. Here is why I'm going big on **SpaceCorgi**: + +💥 Major pet partnerships from day 0. They have a major partnership with the [biggest iOS/Android dog waste removal app](https://scoopers.club/2021/05/05/80640/). Scoopers even has an online shop coming that will be completely powered by $SCORGI: https://www.youtube.com/watch?v=y3Ts_xKTrTE + +With SpaceCorgi's partnership with Scoopers.club, just look at similar projects that once started from zero: + +- Chewy: MC = $29.7billion + +- Wag: MC = $800 Million + +- Rover: MC (estimate) = $1.4billion + +- Petco: MC = $6.3billion + +Imagine passing on any of these companies in their infancy if you had the chance. Remember that SpaceCorgi has TRUE UTILITY. + +💥 The dev team is incredibly experienced. They had some of the fastest CMC and CG listings I've ever seen and that is with all the congestion that so many shitcoins have caused. One member of their dev team is also recognized on a Forbes list. Their identities aren't public yet but they plan to announce after the first Centralized Exchange Listing + +💥 Honestly, how well the community and dev team have held up in the past few days when BTC and ETH have dropped so much is enough to convince me that SpaceCorgi is a long-term play and here to stay + +💥 I've seen a lot of TikTokers mention SpaceCorgi and honestly that's how I first heard about SafeMoon, so maybe I'm biased but I think that is a good indicator of turbo chad market caps. Dev team says they have a bunch of TikTokers and even celebrity shout-outs scheduled for this week. + +💥 First AMA is this week + +**DYOR** I am not a financial adviser. + + +Website: https://spacecorgi.finance + +Subreddit: r/SpaceCorgi + +📈CoinGecko: https://www.coingecko.com/en/coins/spacecorgi + +📱Telegram: https://t.me/SpaceCorgiDiscussion + +✅Contract Address: 0x5a81b31b4a5f2d2a36bbd4d755dab378de735565 + +🥞Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5a81b31b4a5f2d2a36bbd4d755dab378de735565 +Thought this would be an interesting little bit of data for those with Premium Bonds or those considering investing into them. + +I started saving seriously into premium bonds back in 2019 in anticipation of a future house purchase, and wanted safe storage for my deposit cash with potential returns better than the dire bank interest rates. + +It eventually grew to a pot of £38k this time last year, at which point I ceased investing. So here's the prize money I've won in the one year since, up to today: + +Date | Prize +:--------|:--------: +September 2021 | £25 +September 2021 | £25 +August 2021 | £25 +July 2021 | £25 +June 2021 | £50 +January 2021 | £25 +December 2020 | £25 +November 2020 | £25 +November 2020 | £25 +September 2020 | £25 + +**Total: £275** + +...Or **0.72%** returns. + +Fortunately I have other investments that have performed orders of magnitude better than this, with far less capital investment. + +I am still in the process of looking for a new house, so I'm hesitant to do anything reckless with this cash, but the temptation to withdraw most of it and stick it in my S&S ISA is palpable. + +But as I said, I wanted this cash to be 100% safe. I was well aware of the non-guaranteed interest rates here, and to be honest it is quite fun checking results every month to see if a prize has been won. + +In hindsight, I just shudder at the thought of how much more I could have earned over the past year elsewhere though. + +Thanks for reading! + +Oh, and of course I try every day to forget how much inflation and house price increases have kicked my arse over the past year! +I have been investing for about a year and have been focusing on dividend stocks and etfs for the better part of the last 8 months since reading the intelligent investor. So far my best performer has been SPYD s$p 500 high dividend etf and was just curious what everyone else thinks of this ticker and if there are other well paying index dividend etfs that people like. +Both of us are interested in real estate. I listen to bigger pockets podcasts every day. She also listens and reads about real estate investing. We are young and willing to take some risks. + +Full financials: +Me 62k/ year + +Her 68k/ year with 10% bonus most years. + + +Both have very stable jobs but are actively looking for new jobs closer to home. + + +Savings: she has 30k in an investment account that she wants to move to real estate and I only have 6k which will go to real estate. Extra 50k that we don’t want to touch. + + +Debt: +14k in car loan; 330 a month; 2.3% interest. +26k student loans; 230 a month: 3.5% interest. + +Rent: 780 a month, utilities 30 a month + + +Biggest expense is eating out and golf. I like to golf and we are actively working on eating at home (50% less a month than last year). Golf is around $60-100 a month. + + +Location: right now we live in one of the fastest growing markets in the country. Still affordable rent but we are priced out of any doubles we could get ($300k for a really rough 1900s duplex). We want to move closer to family which is near Chicago. + + +Skills: I worked construction for 4 years and everyone in my family is in construction. Planning on doing everything ourselves. + + +Goals: we want to be able to travel and not be stuck in our office jobs. I want to be able to work a stable job with lots of vacation time while she can stay home with kids. Dream is to live off investments. + + +Worries: Covid house prices are high. Every house is in bidding war. Interest rates are high. + + +Family tells us to wait but we want to start and work on our dreams. It’s a huge step in our lives and we feel like it’s the worst time in the market. +As most know, the cannabis sector has been absolutely destroyed in the last 6 months. Every single large, mid, and small cap is down over 50%, some have delisted, and others are hanging on by a thread. + +I initially invested in Canopy and doubled my money. Thankfully I sold that one at a good profit. However, I started with playing other stocks in the sector, and now I've lost more than I made in the entirety of last year, including my non-weedstock portfolio. I did not manage risk properly. + +The other 3 positions were VFF, OH, and VGW. I sold VFF at a 50% loss because I needed to reduce my exposure to the sector. I'm still holding VGW (-25%) and OH (-55%). + +Should I just cut my losses at this point and call it a lesson learned? Or hold to profit or $0? I'm paralyzed by the choices. On one hand I think they can come back, but on the other, there's a real possibility they don't and I lose even more. Fuck me for ever buying into the hype. This sets me back nearly 2 years. +\*\*\* I am editing this post daily \*\*\* + +&#x200B; + +I would like to ask the help of the community for an overview of API data sources. + +As of now, I made an overview of the following sources that I found relevant. + +Please feel free to post some suggestions in the comment sections, so I can make it more complete. + +&#x200B; + +**Brokers** + +|Name|Website|Usage|Quality|Limitations|Options|Crypto|Stocks|ETF's|Data| +|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-| +|**Alpaca**|[link](https://alpaca.markets/)|Free||Only US based|||||Yes| +|**Tradier**|[link](https://tradier.com/)|Commission|||||||| +|**Ninety nine**|[link](https://www.ninetynine.com/)|Free|Coming soon!|Coming soon!|||||| +|**ETRADE**|[link](https://us.etrade.com/home)|Free: Stocks, options, and ETFs, Commision: Options contracts, Futures contracts, Bonds|||Yes (including market data)|No|Yes|Yes|| +|**InteractiveBrokers**|[link](https://www.interactivebrokers.com/en/home.php)||||||||| + +**Data API's** + +|Name|Website|Usage|Quality|Limitations|Options|Crypto|Stocks|ETF's| +|:-|:-|:-|:-|:-|:-|:-|:-|:-| +|**Polygon**|[link](https://polygon.io/)|||||||| +|**Alpha vantage**|[link](https://www.alphavantage.co/)|||||||| +|**IEX cloud**|[link](https://iexcloud.io/)|||||||| +|**Yahoo Finance API (unofficial)**|[link](https://rapidapi.com/apidojo/api/yahoo-finance1/details)|||||||| +|**Tiingo**|[link](https://www.tiingo.com/)|||||||| +|**Financial Modeling Prep**|[link](https://financialmodelingprep.com/developer/docs/)|Free||||||| +|**Tardis.dev**|[link](https://tardis.dev)|||||||| +|**CoinAPI**|[link](https://www.coinapi.io/)|||||||| +|**KAIKO**|[link](https://kaiko.com)|||||||| +|**Nomics**|[link](https://nomics.com/)|||||||| +|**Cryptowatch**|[link](https://cryptowat.ch/)|||||||| +|**Alpha vantage**|[link](https://www.alphavantage.co/)|||||||| +|**BraveNewCoin**|[link](https://bravenewcoin.com/)|||||||| +|**CoinMarketCap**|[link](https://coinmarketcap.com/)|||||||| +|**Amberdata**|[link](https://amberdata.io/)|||||||| +|**CoinGeko**|[link](https://www.coingecko.com/)|||||||| + +[**Tardis.dev**](https://Tardis.dev)**:** tick level raw historical trade, order book, open interest and funding data both normalized and in exchange native formats. API access for historical market data for the first day of each month is free. Free real-time normalized data via open sourced client libs (connecting directly to exchanges WS APIs) + +**CoinAPI:** free 100 requests per day + paid plans. Real-time normalized market data API via subscription access (connecting to coinapi API which in turn connects to exchanges APIs). + +Kaiko: tick level normalized historical trade, OHLC and 1 minute order book snapshots. Real-time normalized market data API via paid subscriptions (connecting to kaiko API which in turn connects to exchanges APIs). + +**Nomics:** free historical ticker data. Historical OHLC, trades and 100ms book snapshots available via paid access. + +**Cryptowatch** + +**Crypto:** focused mainly on real-time market data, available on subscription basis (connecting to cryptowatch API which in turn connects to exchanges APIs). There is free plan. + +**Special mentions** + +|Source Name|Website|Type|Usage|Quality| +|:-|:-|:-|:-|:-| +|**IQFeed**|[link](https://www.iqfeed.net/)|**Application based**|**Paid**|Very reliable| +|**CSI data**|[link](http://www.csidata.com/)|**Application based**|**Paid**|Very reliable| +|**Norgate**|[link](https://norgatedata.com/)|**Application based**|**Paid**|Very reliable| + +&#x200B; + +&#x200B; + +I will update the quality metrics later, they are now a simple first judgement +I have called the last 6 serious dips. Just look at my post history.Below I have listed each time. Do you know how I call these. It is so easy as you just have to see the FUD and how thick it gets. Same characters are always involved China, WSJ, CNBC and a army of new posters that spread some serious FUD on both reddit and bitcoin talk. Most posters are new and less than 1 month history on reddit, but they come in droves. + +Here it is for the newbies once again and you need to hammer this in your brain. THERE IS NOT ENOUGH BITCOIN SUPPLY. 16.5 million outstanding and 4-5 million lost through bad passwords and failed hard drives. 2.5-3 million held by the original people like Satoshi ( I am convinced it is the deceased Hal Finney), Craig Wright ect. 4-5 million coins held by Hodlers. It leaves only 5-6 million coins between 20+ major exchanges and the entire WORLD. I keep seeing all this TA, but this is not a stock. The people that sell are going to regret it again, and again. If you are in over your head and need it for bills you should have never bought this. This is when the weak hands get slaughtered. + +I just bought some more at 3915 and keeping another chunk for 3500-3600 range which not sure if it will hit. Take advantage of the FUD. + +Also I really hope China finally bans it outright. they will soon realize you can't ban a decentralized network. They should also ban mining while they are at it. This will be the best news in a long time. I really have a hard time believing China capital outflow theory. There is something else going on, and it could actually be a group of people in China are making major $$$ through the buy/ FOMO / sell / short /FUD / cover / buy. Why else would the second largest economy in the world go after something over and over for the last 4 years. Bitcoin will be so much stronger without these people just like when we split from the big blockers. + +In addition look at all the new tech headed are way. Lightning network, MAST, Schnorr Signatures, and on and on. + +Upvote me if you have conviction here !! + +Dip in late July 2016 post is on Bitcointalk + +Dip from 1150 to 775 in January off the China bans bitcoin +https://www.reddit.com/r/Bitcoin/comments/5ncue0/perfect_time_to_buy_bitcoin/ + +Dip from 1300 to 950 off the ETF +https://www.reddit.com/r/Bitcoin/comments/5ycmci/about_time_to_buy_more/ + +Dip 2100 to 1700 +https://www.reddit.com/r/Bitcoin/comments/6avtaq/sell_at_all_costs/ + +Dip from 2900 to 1800 +https://www.reddit.com/r/Bitcoin/comments/6dj5kf/for_all_the_people_getting_burned_right_now_let/ + +Dip from 4400 to 3600 +https://www.reddit.com/r/Bitcoin/comments/6v8z7q/sell_now_the_end_is_near/ +First-time filings for unemployment insurance totaled 2.44 million last week as the tail effects of the coronavirus shutdown continued to impact the U.S. jobs market. + +Economists surveyed by Dow Jones had been looking for 2.4 million claims. + +The total, while still well above anything the nation had seen in pre-coronavirus America, represents the seventh straight week of decline following the record peak of 6.9 million in late March. + +In addition, a review from last week brought the number down substantially, from 2.98 million to 2.69 million. + +https://www.cnbc.com/2020/05/21/us-weekly-jobless-claims.html +I'm new to this ape fest, but I just dropped an order to put my entire 401k into GameStonk tomorrow at the open. I'm a crypto guy, and I don't necessarily need the 401k, nor do I even really believe it'll be there when I'm ready to retire anyways. + +I also know what it's like to have TheSuites™ drop continuous naked shorts on an asset with the goal of harming/murdering it. Not sure if the rules permit mentioning which project, so I'll refrain. Suffice it to say, I'm sympathetic to the cause here. Fuck these naked shorters who destroy everything good about markets and business. +I'm new to this ape fest, but I just dropped an order to put my entire 401k into GameStonk tomorrow at the open. I'm a crypto guy, and I don't necessarily need the 401k, nor do I even really believe it'll be there when I'm ready to retire anyways. + +I also know what it's like to have TheSuites™ drop continuous naked shorts on an asset with the goal of harming/murdering it. Not sure if the rules permit mentioning which project, so I'll refrain. Suffice it to say, I'm sympathetic to the cause here. Fuck these naked shorters who destroy everything good about markets and business. +*"There is only one stock which poses an idiosyncratic systemic risk" (ticker: GME)* + +**TLDR: Look at the pretty pictures. GME 🚀and 🍿 no rocket** + +Apart from swaps and how Citadel is actually long on distraction stock, on which there is very good DD, let's have a look at the fundamentals and insider trading activity of both GME and 🍿. + +[🍿 is very much diluted](https://preview.redd.it/29h4bszxa0491.png?width=1094&format=png&auto=webp&s=0bc6fcf247b056ce63ee2aa1905697871d4a204d) + +[Debt = bad](https://preview.redd.it/74zdd3sdb0491.jpg?width=1082&format=pjpg&auto=webp&s=2bfb8b0f628779994fa0fc24b49a18098a5afb9f) + +[So let's look at the facts](https://preview.redd.it/aq4ust0gb0491.png?width=473&format=png&auto=webp&s=0f8ceb2239dc5535e22eba549df7073c35840127) + +[They think the price will rise](https://preview.redd.it/xu68eyzib0491.jpg?width=1920&format=pjpg&auto=webp&s=ec41022df62d90c1489d837c9deeb8e69ff1e5c6) + +# INSIDER TRADING OVERVIEW, COMMON STOCK BUY/SALE: + +https://preview.redd.it/8r0tstumb0491.jpg?width=1029&format=pjpg&auto=webp&s=d37583d36b6bff42641cc7cf0a674fd2825d16b4 + +Please note that of the insiders who sold GameStop shares since 2020, only James Grube and Jajeh-Saadeh are still with the company. 99.72% of shares and 97.56% of the total sale money were sales by insiders who are no longer with GameStop. + +Regarding distraction stock, John D Mcdonald and Stephen A Colanero has since retired. A lot of stock was also sold by 10% owners Mudrick Capital Management, Silver Lake Group and Wanda Group. According to the SEC Filings, Silver Lake and Wanda Group were both 10% owners as well as distraction stock Directors. + +The contrast is extremely clear with distraction stock seeing no insider share buys since 2020, while GameStop has seen 1.36M insider shares bought since 2020.Of the current distraction stock board, 100% of the directors has sold shares since 2020. Of the current senior officers of distraction stock, 39% has sold shares since 2020. + +# INSIDER TRADING OVERVIEW, STOCK OPTIONS: + +https://preview.redd.it/49jgqbazb0491.jpg?width=1030&format=pjpg&auto=webp&s=e083ebc6b6d03a250c665cbc68999655ceac9ce0 + +In total, since 2020 GameStop insiders were granted a little over 2.5M shares in the form of vested stock awards, subject to performance targets and multi-year timelines. + +Since 2020, distraction stock insiders were granted over 9.15M shares in the form of vested stock awards, subject to performance targets and timelines. 4.66M of these were granted to Adam Aron. + +While distraction stock had 0 dispositions of vested shares, 2M GME shares were not granted to insiders because of reaching 0% of set performance targets. + +The snek George Sherman missed out on almost 900K shares. + +There is also plenty of insider stock activity for tax purposes, exercising of options and conversion of options. The intentions behind these activities are hard to gauge without having access to all details so this is mostly omitted. + +It is important to note that GameStop explicitly states in their SEC Filings that in the case of a Tax Withholding event, no GME shares are sold but the vested shares are instead not given out by GameStop to the insider. + +*"The Reporting Person (George Sherman) did not sell any shares on the Transaction Date. Rather, shares were withheld by the Issuer on a vesting of restricted stock to cover applicable withholding taxes, with the number of shares withheld based on the 6/9/2021 closing pricing."* + +&#x200B; + +[Overview of transaction codes](https://preview.redd.it/tujbp6ejc0491.png?width=764&format=png&auto=webp&s=c3aebeeba4f470149fb6fbaf18c43fe69a1bb802) + +https://preview.redd.it/n1mnlo5lc0491.png?width=617&format=png&auto=webp&s=4af5d03eef5459f200e3a1cba1f024ee8b76c9e0 + +Adam Aron gifted 500K shares to his sons and about 124K shares were gifted by other distraction stock insiders as charitable donations. While I fully endorse supporting nonprofit organizations (remember how apes helped the Dian Fossey Gorilla Fund? 🦍), it’s important to note that not all nonprofit organizations are as charitable as they seem and the gifter enjoys a tax break because of the charitable contribution. + +# OTHER FUNDAMENTALS/TURNAROUND PLAN: + +https://preview.redd.it/0bxihmmpc0491.jpg?width=1333&format=pjpg&auto=webp&s=54c036c940da402f4ac54f87969754b28a8b00d1 + +**TLDR: Look at the pretty pictures. GME 🚀and 🍿 no rocket** +Majority of people invest in those 500 stocks (as they don't understand investing) meaning they don't consider the intrinsic value of the stocks. It's the no. 1 investing advice "Buy S&P 500 if you don't know what to invest in". + +So they pour money into them each month without any fundamental analysis thinking it's the safest investment. I would assume this would cause them to be overpriced eventually, because despite them being the best stocks on the market the demand for them is just getting too big? +I was in an auto accident Monday and I had it towed to the dealership I bought the car from originally before I contacted my insurance. After I contacted my insurance I decided to have it towed to AutoNation collision center which is a recommended collision center with my insurance. + +I called AutoNation yesterday to check in as it was 2 days after the accident and I heard absolutely nothing from them. They claimed they do not have the car so I called my insurance and to see what the deal was so they checked with their tow company to see what happened and the tow company said the first collision center I towed it to did not have the vehicle, or that is what they claimed. + +I plan on going up there so I can walk to lot to see if I find it myself. I honestly don't know what to do after this point if they find it or not, any advice? + +UPDATE: The car was found at the first collision center once my insurance said if the car is not found I would report it stolen with them being the last known person in possession of it, then magically they found it within 5 minutes. + +Double update: Just got back from the new collision center. My car was the same as I left it at the first, so I took the roof rack and paddles out as that was the only expensive stuff. After some advice from the comments they recommend me take it from AutoNation and take it to caliber collision, so I may end up doing that as AutoNation said they can't even look at it until late tomorrow but most likely monday. +Hello Apes! Nice to "meet" you all. We love you, and we are here to make sure your wants/needs are represented on the Hill and at the Agencies. You should be proud that YOU APES are the ones who "Ripped the Curtain Back" as DK says in *Gaming Wall Street.* And as much as you need us fighting for you, we need you, too! Let your voice be heard – APES ARMY UP – and start flooding the SEC with Comment Letters. Go to our Get Involved page: [https://bettermarkets.org/get-involved/](https://bettermarkets.org/get-involved/). We've posted upcoming rules that are important to retail investors, a summary of those rules, along with a downloadable template to get you started. Dave Lauer's website also has resources to learn how to file at [https://www.urvin.finance/advocacy](https://www.urvin.finance/advocacy). Don't feel intimidated! No need to have a wrinkly brain like DK or our other SMEs to submit one. + +*Edit: This post was submitted by staffer Natalie Shotts, but please know Dennis is seeing and reading your comments.* + +https://reddit.com/link/td7th9/video/zawu2u27t5n81/player +I run a small team, 7 folks including myself. Recently I had 2 key employees put in their resignations, both moving on to better paying jobs - as in 40% & 60% pay increase. In their exit interviews both employees stated that the reason they're leaving is due to their pay, and both commented that I am a great boss, that the company should hold on to me "for dear life", etc. With them gone, I am scrambling to train up 2 of the junior staff and hire 2 new folks. I have a lot of responsibility and weight on my shoulders. I put in a lot of hours (that's not a new thing). I want to ask for a raise now but is this a good time to do so? + +The staff that left are correct, we do pay less than other companies in our general area. I can't leave now, going through escrow and was just granted permanent WFH permission so I can move away and continue to work at this company. +# + +[I can wait....](https://preview.redd.it/mhrsn09y25f71.jpg?width=1024&format=pjpg&auto=webp&s=6a3617290951cff7ee84ee457fc4d5c3b041b6a7) + +# + +# Apes, + +# + +# I think it's time for a pep talk. I hit Zen a while back and I've not been as active as I was before. I realize that it's been a while and this constant FUD that you can be exposed to can be overwhelming. So, here is your "Pep Talk". + +&#x200B; + +If you are new here or haven't heard me ramble, welcome! Anyone else, knows I'm long winded Marine but I love this stock. I'm 100% in on GME. I bought most of my position back in the $250 range. I bought my first share when it was in the 30's and bought a couple premarket at $480. I've see GME run up 3 times. I won't give away my position but I've seen more money in my account during the run ups....yet I didn't sell. I'm 100% convinced that Apes are right and now it's seeing how the corrupt broken system will handle it. + +# This is the DTCC, SEC, politicians, bankers, brokers, etc worse nightmare come true. Apes figured out the the secret of their corrupt little games of naked short selling which was always overlooked and Apes are exposing the dirty rotten underbelly of the financial system to the masses. + +&#x200B; + +# The only thing that needs to be said at this point is SHORTS DID NOT CLOSE THEIR POSITIONS FROM YEARS OF FUCKERY. They hid them in the options chains and are stuck. + +# + +The DTCC literally had to rewrite their own rules and Apes are literally forcing rules to possibly be enforced. The longer this goes on the more evidence Apes have of the corruption. They needed to close for losses back in Feb when it was $40 a share but they got greedy. They thought retail would take it's losses and move on. + +&#x200B; + +&#x200B; + +# Why am I convinced? + +&#x200B; + +&#x200B; + +**I've never seen a stock act like GME. I've been trading a long time and I've never once seen a stock trade like GME. Like never fucking ever.....** + +* Never have I seen a normal stock (non penny stock) have the buy side shutdown.....in plain sight of the world like back in Jan. Then they couldn't get their acts together enough to lie effectively to congress + +&#x200B; + +* Never have I seen a stock swing wildly on ZERO news. I've seen GME run up and down like 50% in a day on ZERO news. Most of the time, they at least pretend to cover their moves with a news article they feed their cronies, with GME, there isn't even an attempt anymore. + +&#x200B; + +* The millions of articles saying "It's over." "Here are 5 stocks we like better than GameStop" "Reasons GameStop is going down" ***(Guess what: You know who talks about things being over 10 times a week for 7 months...? People who are trapped in bad positions who are desperate to close their positions)*** + +&#x200B; + +* The amount of time and effort they are using to spread FUD means they are stuck. Listen, if they could easily close this positions for a sizable loss, they would have already just cut ties already. **Shorts are stuck.** + +&#x200B; + +&#x200B; + +* **The magic OTM Puts and ITM Calls that magically appeared the day the SI % dropped hugely.** + +&#x200B; + +&#x200B; + +* **Any good news is met with shorting and a ton of ITM Puts used to temporarily drive the price down. On low volume (Because retail isn't selling), they are able to manipulate the price down.** + +================================================================================= + +* **\*\*\*\*This is the my last and probably the most important part for new people.** + +# The Price of GME does not matter. + +&#x200B; + +This is probably the hardest part to understand. You are watching your money go up and down. At times GME is seriously down when HODLing. It's gut wrenching......but it's part of the fuckery. **Guess what, GME's price is being manipulated. (Gasp: Shocking but true)** + +Imagine you are a large and powerful Hedge Fund or Market Maker and now you are stuck with a Short position on GME. You had been short for years and then last year, Ryan Cohen fucked up your plans. The stock starts running in the wrong direction and then Jan your crony from Citron insults Reddit and it become a shit show. **You aren't used to losing, especially not to retail so you decided to pull some fuckery. You get the DTCC/Prime Brokers/ everyone to let you off the hook for the good of the entire market.** + +&#x200B; + +**So now you hide your shorts in the options chains and now it's time to convince everyone this is over.** Retail is stupid, they will be convinced after the stock is hanging in the $40s and we write up a million articles how shorts covered. So you do that but then a smaller fund gets margin called in Feb and the stock runs up to $350 and again in May. + +&#x200B; + +Now these big short guys can literally control the bid/ask on low volume. Retail is pretty much tapped out as far as cash to buy in. The believers are all in or in as much as they are comfortable owning. The paper hands are out. A lot of Institutional buyers already in for a much lower cost basis but GameStop has not produced enough of a track record for new institutional buyers to start buying in large amounts. + +&#x200B; + +So they tried flash crashes but they realized they don't work. Apes would just buy the dips. So the new tactic is the slow bleed. Weeks of just slow red bleeding. When I was in the Corps, we learned about tactics used in Panama's against General Manuel Noriega. Noriega loved Opera, and when the US learned this, they blasted Heavy Metal into the compound. He couldn't sleep, was worried what would happen next. It drove him nuts. + +&#x200B; + +SHF's know Apes get excited over fast green bars. What is the opposite of that? Slow, bleeding red bars for weeks. The community starts getting worried, people start doubting, and they start to turn on each other throwing FUD accusations around. Basically, instead of flash crashing they are trying the opposite. Every time you have hope, they short the fuck out of the stock with ITM puts and sell off their own shares they bought long to drop the price. + +&#x200B; + +There is like an infinite amount of cash in the market at this point. The market should have crashed but the Fed went BRRRRRRRRRRRRRRRRRR. There is enough money in circulation to keep this going for months. So stop buying options and be patient. + +# If you keep supporting GameStop (After some good quarterly numbers), the whales will come. + +# If they want to tank the price to the 130s or lower.....just remember what Mark Cuban said: The lower the price of the stock, the more power retail has..... + +============================================================================== + +&#x200B; + +# What I'm doing...... + +# I get paid weekly. Each week I buy more and will continue to do so until these fuckers pay my family back for that bullshit they pulled in Jan, with motherfucking interest. + +&#x200B; + +# Just remember. Shares never expire.... + +&#x200B; + +# Keep Strong. Apes are right. You are sitting on a winning lotto ticket. The numbers have been drawn and you won..... Now everyone is trying to convince you that you didn't; just so you don't collect your winnings. They are throwing every obstacle in your way but you hold that winning ticket. The price of the stock and their manipulation can only last so long.......and at the end of the day if you held......you will change your family's life! + +&#x200B; + +# Apes Strong...... + +&#x200B; + +https://preview.redd.it/9vjt5eaw25f71.jpg?width=800&format=pjpg&auto=webp&s=d53a95d12b38367c1e9c7d3fd3e179412617b9e2 +I plan to open up a portfolio with M1 in March when I turn 18. I will have about $3000 saved up that I plan to invest. I have a portfolio of ETFs compiled that I plan to DRIP. + +My question is: lump sum or auto-invest at a specified rate? + +If the latter, how much, and how often? + +Thanks in advance! + +Edit: For those suggesting DCA, can you please give a brief description or link a good resource? +[Source](https://www.federalreserve.gov/newsevents/speech/powell20210827a.htm) + +EDIT: [Video of his speech](https://www.youtube.com/watch?v=axIzxqB1tvk) + +>**Longer-term inflation expectations have moved much less than actual inflation or near-term expectations, suggesting that households, businesses, and market participants also believe that current high inflation readings are likely to prove transitory** and that, in any case, the Fed will keep inflation close to our 2 percent objective over time. + +**Ummm, aren't we seeing businesses adjust prices and models accordingly BECAUSE they don't see this going away?** + +&#x200B; + +>History also teaches, however, that central banks cannot take for granted that **inflation due to transitory factors will fade.** The 1970s saw two periods in which there were large increases in energy and food prices, raising headline inflation for a time. But when the direct effects on headline inflation eased, core inflation continued to run persistently higher than before. One likely contributing factor was that the public had come to generally expect higher inflation—one reason why **we now monitor inflation expectations so carefully**. + +**Are you really monitoring though? Especially when you massage the numbers to paint the picture you want?** + +>Central banks have always faced the problem of distinguishing transitory inflation spikes from more troublesome developments, and it is sometimes difficult to do so with confidence in real time. At such times, there is no substitute for a careful focus on incoming data and evolving risks. **If sustained higher inflation were to become a serious concern,** the Federal Open Market Committee (FOMC) would certainly respond and use our tools to assure that inflation runs at levels that are consistent with our goal. + +**It is still an 'IF' problem to him!!!** + +>That brings me to a concluding word on the path ahead for monetary policy. The Committee remains steadfast in our oft-expressed commitment to support the economy for as long as is needed to achieve a full recovery. The changes we made last year to our Statement on Longer-Run Goals and Monetary Policy Strategy are well suited to address today's challenges. +> +>We have said that we would continue our asset purchases at the current pace until we see substantial further progress toward our maximum employment and price stability goals, measured since last December, when we first articulated this guidance. My view is that the "substantial further progress" test has been met for inflation. There has also been clear progress toward maximum employment. At the FOMC's recent July meeting, I was of the view, as were most participants, that if the economy evolved broadly as anticipated, it could be appropriate to start reducing the pace of asset purchases this year. The intervening month has brought more progress in the form of a strong employment report for July, but also the further spread of the Delta variant. We will be carefully assessing incoming data and the evolving risks. Even after our asset purchases end, our elevated holdings of longer-term securities will continue to support accommodative financial conditions. +> +>The timing and pace of the coming reduction in asset purchases will not be intended to carry a direct signal regarding the timing of interest rate liftoff, for which we have articulated a different and substantially more stringent test. We have said that we will continue to hold the target range for the federal funds rate at its current level until the economy reaches conditions consistent with maximum employment, and inflation has reached 2 percent and is on track to moderately exceed 2 percent for some time. We have much ground to cover to reach maximum employment, and time will tell whether we have reached 2 percent inflation on a sustainable basis. + +**Still just talking about tapering... They should be tapering now, heck Korea and Iceland actually just raised RATES, yet JPow still talking that tapering is going to happen--maybe...** + +# The Fed will still continue to plow away with $120 billion in assets purchases each month: + +https://i.redd.it/ahgwq402twj71.gif + +$40 billion a month in mortgage-backed securities. This will continue to depress mortgage rates and **only continues to add gasoline to the inflation fire**. + +$80 billion in Treasury securities a month (with policy rates near 0%): represses short-term and long-term interest rates in general, and inflates asset prices and consumer prices, which **further DESTROYS the purchasing power of the dollar**. + +[While the rest of the world's banks are acting](https://www.reddit.com/r/Superstonk/comments/okicjz/inflation_alert_bank_of_canada_and_bank_of_new/), the Fed still claims this inflation is “transitory"... + +TL:DR - The Dollar losing purchasing power + Inflation = Permanent Loss of purchasing power. Unless one of the many other catalysts triggers the MOASS, [I believe inflation is the match that has been lit that will light the fuse of the rocket](https://www.reddit.com/r/Superstonk/comments/oe6i3l/tldr_i_believe_inflation_is_the_match_that_has/). + +Buckle Up. + +[ Thanks for dropping by and taking a dive! Please let me know if you have any questions or ideas on other areas to explore, happy to try and help. I hope everyone has an AWESOME Friday and an even better weekend!!! ](https://i.redd.it/aigc4qr4twj71.gif) +I hope I am wrong here: I expect this post to get lost, downvoted by shills, or generally unpopular, even if I end up being amazing accurate, like my previous posts (see my profile). If you are reading this, count yourself lucky, as many will not. + +**Shorts are trying to push GME to 155, and DRS is making this much more difficult for them.** + +In looking at the last three cycles/pops, we start seeing a repeating pattern after each rally, where the price action consolidates lower to a target price point, before it pops again. Luckily, shorts cannot change the long term trend of higher lows. As we draw parallel channels for the tops and bottoms, we start seeing a trend. + +The white trend lines illustrate a long-running macro channel I had established months ago, and the price action continues to confirm to this larger high-level trend over months. The red and green trend lines create a channel showing the downward consolidation. + +https://preview.redd.it/soabv6lry9q71.png?width=2560&format=png&auto=webp&s=ea0e55294b2eb9cc311fde1be3f65234efce6152 + +How do we know that DRS is working? The price action is the publicly-accessible data point. If we look at the angles of each of the red trend lines, we can see that the angles since the DRS movement has drastically decreased, from -19° and -28° to -15°. Additionally, the price action volatility, also shown in the Implied Volatility (IV) of options tables, show that GME is becoming less volatile. This means that shorts have less and less ability to control the price action over time. + +https://preview.redd.it/abyok2lry9q71.png?width=2560&format=png&auto=webp&s=6f7244b91ae323d83ac961e7f10e4e739793c4ed + +In looking at the AVWAPs, we have the following supports/proper entries: + +* 02/19 AVWAP @ 175.26 +* 02/09 AVWAP @ 166.41 +* 02/02 AVWAP @ 155.14 +* 01/15 AVWAP @ 147.74 + +Currently, the support is at the 02/19 AVWAP @ 175.26. When we go below this, possibly around 10/07 or 10/08, we may see a rally to the green trend line, that defines the top of the current channel. At that point, shorts will make a renewed effort to push the price back down. + +Previously, we've seen the 01/15 AVWAP @ 147.74 touched by the price action on 04/13 05/11 08/04. However, due to the higher lows, shorts can no longer push the price levels down to this price level. As shown by the price action on 08/19, the 02/02 AVWAP @ 155.14 is the lowest they can push. + +https://preview.redd.it/2ms603lry9q71.png?width=2560&format=png&auto=webp&s=aa1d4b82e4fe236ad9f5f47bc198e530e7ac888d + +What is the target of the shorts? If we look to the right of the right, we can see that we have an intersection of three points: + +1. Red trend line of the current channel +2. While trend line of the macro channel +3. 02/02 AVWAP @ 155.14 + +This is illustrated in the blue dashed line in the chart below, where we see an intersection on 11/11. + +https://preview.redd.it/cxz9n2lry9q71.png?width=2560&format=png&auto=webp&s=400b983de1936021c95d1bddd2c6039e316ccc4e + +I believe that we will not hit the 02/02 AVWAP @ 155.14. With the pressure from DRS and apes snapping up shares in ComputerShare, shorts are fukd. At best, the higher probability is a low at the 02/09 AVWAP @ 166.41. All shorts can do is to try to keep pushing down GME as much as possible, and they are hitting a wall. If enough of us DRS our shares, they will run out of shares. Additionally, the macro environment does not support this being sustainable to November. The general sentiment is a concern for a major correction at the end of October (my guess is around 10/19), that will deplete the capital that shorts have available. + +BUY HODL DRS. This is the way. + I had some test bots running on FTX futures and was preparing to migrate there from binance because the fees were 50% cheaper than binance. + +We all know how this test ended, but I liked their low fees and liquidity. + +I understand some risk is always involved, but which exchanges have low fees for algotrading and are not an obvious scam? Just looking for futures, for spot I am happy with binance. +Really sorry I could not do this post last month, since I was slightly busy with the investment tracking app that I was working on (r/Artos). Here's the post for this month. + +**Companies MFs love the most.** + +This is computed as the weighted average of the AUM allocation for the company for the mutual funds that hold it. + +1. HDFC Bank (7.1%) +2. Gillette India Ltd. (6.14%) +3. ICICI Bank Ltd. (6.09%) +4. Reliance Industries Ltd. (5.54%) +5. Infosys Ltd. (4.63%) +6. HDFC (4.1%) +7. LT (3.89%) +8. Kotak Mahindra Bank (3.8%) +9. Glaxosmithkline Pharmaceuticals Ltd. (3.55%) +10. ITC (3.53%) + +Notes: + +1. This is the first time I've seen HDFC Bank hit 7%. +2. SBI is out of the list. + +**Companies MFs bought the most.** + +This is computed as the % change in the number of shares held by all MFs. + +1. ICICI Lombard General Insurance Co Ltd. (102.03%) +2. 3M India Ltd. (46.88%) +3. Lemon Tree Hotels Ltd. (42.05%) +4. Zee Entertainment Enterprises Ltd. (42.01%) +5. Avanti Feeds Ltd. (34.87%) + +**Companies MFs dumped the most.** + +This is computed as the % change in the number of shares held by all MFs. + +1. Indiabulls Housing Finance Ltd. (-72.26%) +2. Bombay Burmah Trading Corporation Ltd. (-61.08%) +3. Ujjivan Financial Services Ltd. (-31.38%) +4. Indian Energy Exchange Ltd. (-25.09%) +5. L&T Finance Holdings Ltd. (-20.58%) + +**Companies most MFs increased the stake in.** + +This is computed as the net funds that increase the stake in the company to the total fund holding the company. + +1. Glaxosmithkline Pharmaceuticals Ltd. (84.62%) +2. 3M India Ltd. (77.14%) +3. Lemon Tree Hotels Ltd. (73.91%) +4. Heidelberg Cement India Ltd. (72.09%) +5. REC Ltd. (71.43%) + +**Companies most MFs decreased the stake in.** + +This is computed as the net funds that increase the stake in the company to the total fund holding the company. + +1. Indiabulls Housing Finance Ltd. (-77.48%) +2. Ujjivan Financial Services Ltd. (-59.26%) +3. Adani Ports and Special Economic Zone Ltd. (-57.14%) +4. Steel Authority Of India Ltd. (-52.5%) +5. Redington (India) Ltd. (-47.37%) + +Comment your thoughts about these companies, if there are any you are looking into, or the ones that you dumped. + +**About the data:** + +1. The data is over around 575 companies. +2. Companies that are held by less than 10 funds have been excluded. +3. The funds include ETFs, and arbitrage funds. + Notes from FM's press briefing + +Focus is on agriculture, rural, casual and migrant labour, self employed + +Context + +* 3 cr farmers have availed of moratorum +* Farm loan interest subvention extended to May 31 +* Kisan credit cards with 25,000 cr loan limit +* 63 lk farm loans disbursed +* 11,000 cr to states disaster response funds +* These can be used for migrant workers +* 10,000 cr spent via mrngea for migrant workers +* Work offered to 2.33 cr seekers under mnrgea on most days in May + +Announcements + +1. State govts have estimated about 8 cr migrant workers; GOI would take the expense of providing free food grains for 2 months; state govts to implement +2. One nation, one ration card - 83% coverage by Aug 20, 100% by Mar '21 +3. PMAY extended to affordable rental acco for migrant workers - PPP with conceession +4. Shishu Mudra loans in good standing, including moratorium, would have interest subvention of 2% for 1 year +5. Street vendors - 5000 cr special credit facility with easy access - estimated for 50 lac vendors - initial working capital upto 10,000 +6. Further incentives for street vendors accepting digital payments - could help them with future credit access +7. 6000 cr funds in tribal welfare funds to be spent for afforestation and plantation, forest management, etc. - money is available and is being spent on approved projects +8. May 2017 credit linked subsidy scheme extended to Mar 2021 - for housing for middle class - another 2.5 lac families could benefit - 6 lac to 18 lac is annual income limit +9. 30K cr additional emergency working capital fund through NABARD - usuall spend is 90K crore, 30K cr is additional. RRB and RCB would use the credit - could benefit 3 cr farmers +10. 2 lac crore concessional credit for 2.5 cr farmers who don't yet have Kisan credit card; fishermen and animal husbandry farmers would also be part of this + +Labour code + +Below are part of the labour code - tabled in the parliament - 44 laws to 4 codes + +* National floor wage being suggested to address disparity in minimum wage across states +* A definition of inter-state migrant workers +* Extension of ESIC benefits to all district... +* Extension of social security measures to gig workers +* All options to be open for women - including night work with safety measures +* Portability of benefits across the nation +* Appointment letters for all workers +**Update:** We now have 2 sandboxes that are hosting this online! Big thanks to the community for making this happen. Use whichever you'd like, and resort to running it locally if you run into any problems. Still hoping to raise enough to host this via AWS / Heroku so please use the donation addresses at the bottom of this post if you use this app and find it helpful :) + +You can access the app at these URLS: + +http://whales.cracklord.com/ + +http://ac.com.au:8050/ + +--------------------------- + +ORIGINAL POST: + +--------------------------- + +So it looks like whales that build walls found a work-around to my whale-watching app. Sucks for them though because I found a work-around for their work-around, so now even if the whales stack different orders of the same volume AND same price, I can still see that it's just one person behind a particular buy / sell wall. + +For anyone that hasn't heard about this yet (I know a lot of you have helped and offered advice so big thanks to you all!) check out the GitHub here. All you need is Python installed and you can run it locally :) + +https://github.com/pmaji/eth_python_tracker + +P.S. I'm linking the ETH donation address here (hoping to raise enough to host this on a website via AWS / Heroku). It's also on the GitHub for those who don't want to click through: + +**ETH ADDRESS: 0xDB63E1e60e644cE55563fB62f9F2Fc97B751bc49** + +**BTC ADDRESS (if you hold the lesser currency haha): 145KRXepS8r3o6hiUZWittn6U8qVvfTk9t** + +P.P.S. There is an open issue on the github with a few programmatic improvements that I'm hoping to make but not quite sure where to start. All python savants are welcome to look / comment. The next item up is moving from automatic refresh to a push-to-click refresh system. + +Hello, I have a young Americans for liberty meeting tonight where we'll be discussing the national debt and the gold standard. Most of the group are Rand Paul/ Ayn Rand types who I believe favor the gold standard and I'd like to provide an opposing viewpoint. + +Bonus points if someone can paint their arguments in a libertarian/monetarist perspective. +I know this is a broad question which can be approached in a huge number of ways. But for context, I am someone who is very fascinated by the field of Political Science. As you can imagine, Economics is often highly interconnected with our Societal Politics. I often hear of ongoing debates between Marxist economists and Austrian school Libertarians (among others). What I want to try and understand is this question: to what extent can economics be viewed through an objective and/or scientific lense. I admit to having my own biases and economic calculation is not my greatest strength by any means. I feel some much needed perspective on this issue is needed. +When people are talking about how much companies like Amazon or Walmart pay their workers, they often bring up how "rich" they are. + +Usually it is people like Bernie Sanders, but I stumbled on some clip of Tucker Carlson also talking about it--and he mentioned something about how Jeff Bezos was the "richest man, maybe ever", and also about how the Walton family was worth about $160 Billion, but still didn't pay their workers well. + +And my question is: **How is their net worth relevant**? + +For example: Jeff Bezos' roughly $126 Billion dollars of net worth is mostly in his 78,000,000 amazon stocks he owns--about 16% of the total Amazon stocks--they have increased from something like,$1 per stock over a decade ago--to about $1500 today. + +Jeff Bezos obviously can't just sell his stocks at once--he has to slowly sell them bit-by-bit if he wants to liquidate them, which apparently he is doing to fund his Blue Origin space company--He sells about $1billion worth a year according to sources I find (although I can't be sure about that, given how unreliable everything is). + +Is it possible or legal to pay your workers with money from selling stocks? + +Is it at all sustainable? + +**Shouldn't they** **be looking at something like his profits, and profit margins instead?** + +How badly would selling most of his stocks (if it was possible) damage Jeff Bezos' position in his company? + +Do these people think Jeff Bezos is like Scrooge, just swimming in $126 Billion of liquid money that he could just hand out to his workers if he felt like it? Or do they want their viewers to think that? + +How badly could selling his stocks damage the company as a whole? + +And again, do they have any justification for bringing up his net worth, other than for fear-mongering , rich-people hate, and convincing the masses, etc.,--in other words, could he actually pay his workers using any of his net worth--**without destroying his company.** +Sorry, if this is a stupid question. I was just wondering that if for example, country A and country B both have a nominal GDP of USD 100. Country A has an inflation rate of 8% for a particular year whereas country B has an inflation rate of 2%. The real GDP growth of country A is 2% whereas for country B, it is 6%. I know that inflation rate usually has an impact on the exchange rate but let's say that country A's currency is the dominant world reserve currency (like USD) and so the exchange rate remains more or less the same due to high demand of its currency. So as far as I understand, country A would have a nominal GDP of USD 110 whereas country B would have a nominal GDP of only USD 108. This doesn't really make sense to me as country B had higher real GDP growth but just because country A had higher inflation, it's nominal GDP became higher. Just want to know if I am missing something or is this how nominal GDP works. +I've noticed a lot of people suggesting Ethereum is outdated tech and that BNB is the future because it has lower fees. That couldn't be further from the truth. + +BSC is an Ethereum clone and all they did to reduce fees was increase the gas limit. That means that more transactions can be processed for lower fees but it requires more powerful hardware and thus more centralization. Ethereum could do this in 10 minutes if they thought that was beneficial to the network but they haven't because doing so would break a lot of the decentralization and security of the network. + +Ethereum is so widely used and trusted **because** it is so decentralized and secure. + +Ethereum has the most developers and researchers working on it than any other blockchain project by a very long way which means it is literally the bleeding edge of crypto tech. The Eth killers have a long way to go to knock it off as king of DeFi. + +That's not to say that ADA and DOT aren't very promising projects but putting BSC/BNB in with them is almost laughable. It's just a clone! It will always be behind. + +Check out Ben Cowen's recent [fundamentals video](https://www.youtube.com/watch?v=NguprqQyUDo) to understand a bit more. +This is my first deep plunge and I thought I would panic. + +Edit: I’m not judging people who sell, that’s actually the most intuitive thing to do. I respect your strategy. Without you sellers, I wouldn’t be able to buy cheap. + +I know this sounds (and probably is) confirmation bias but it is dead on +[Timing the market](https://www.reddit.com/r/financialindependence/comments/c02ml4/timing_the_market_the_absolute_worst_vs_absolute/) +I was lucky enough to scoop up some LMT when it dipped hard last year. Currently up roughly 35%. I’ve enjoyed the dividends LMT pays so far… I’m just wondering if I might be better off taking the profits and moving those funds into VTI or VOO. Thanks! +Beyond Meat**®** announced its Q2 results ending July 3, 2021, on Thursday after the closing bell. + +##### Key Highlights: + +* Net revenues were $149.4 million, an increase of 31.8% year-over-year. + +* Gross profit was $47.4 million, or gross margin of 31.7% of net revenues. + +* Net loss was $19.7 million or $0.31 per common share. Net loss as a percentage of net revenues was -13.2%. + +* Adjusted EBITDA was a loss of $2.2 million, or -1.5% of net revenues. + + +[https://risingcandle.com/marketnews/beyond-meat-announces-q2-results-revenue-up-32/](https://risingcandle.com/marketnews/beyond-meat-announces-q2-results-revenue-up-32/) +Hello, + +I am a managing director - handling the whole data science/retail area - working at an European bank. I am 30 years old make decent money and if everything works out I can retire in the next 15-17 years the way I want. + +Last year I bough a house for my wife and daughters without taking any loan. The home is basically our safety net and we intend to stay until we die. + +I am currently investing my money mostly into cryptocurrency (as this is sth. that I really enjoy staying informed) and I am constantly searching to buy a flat as investment property. + +My job is quite stressful and I usually work 10-12 hours a day. This does not leave much time for family and kids. If kids are in bed I am using the evening and night to work on my own things. (if I am not brain fogged from the day.) I am an avid coder and try to learn and practice my skills everyday. + +As the banking landscape is changing - margins for banks go down in retail, organizations tend to become more flat etc. - I am fearing that they might cut my job in the next 10 - 15 years. Furthermore, I have always dreamed to own my own business. + +I was thinking to start a side business, which I can transition into when they cut my job or I just want to: + +* Has anybody of you started a side business, while having a stressful job? How did you do it? +* Is this path recommendable? + +I really appreciate your thoughts! + +Currently 8 months into a 24 month grad program with a large Australian company however the program is just exploitive of grads and I have come to learn that I have no interest in the industry as well. I partially rushed into accepting the program as it was the only grad offer I had received. +Would it reflect badly on myself and my resume if I were to quit? I have a business degree and currently searching for other opportunities that interest me +https://www.cnbc.com/2019/05/02/warren-buffett-heads-into-berkshires-big-weekend-with-stock-underperforming-over-long-term.html + +Berkshire Hathaway shares are trailing the S&P 500 over the last one, five, 10 and 15 years. + +One Berkshire Hathaway stakeholder says they’re growing more uncomfortable with their position, given the company’s reluctance to flex its cash hoard. + +Berkshire Hathaway’s annual meeting, where 30,000 shareholders and Buffett fans gather in Omaha, Nebraska, is Saturday. +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 +Last year I challenged myself to invest at least $25 automatically in Tesla each week using a recurring transfer. I figured it would be a good way to build up my investment in the company while taking a manageable risk and potentially getting some market gains. Since my brokerage offered partial share investments I figured it would be a fun way to see where my money was in a year. + +After 1 year here are my results: + +Start Date: July 6, 2020 + +Initial investment: $30 (.023017 shares at 1,300.38 edit: after 5:1 split ~$260) + +July 6 2021 Investment Value: $2,546.70 + +Total Invested with Auto-Transfer: $1,300 + +Total Return: $697 (+37.64%) + +Extra periodic market buys: ~$550 + +Average Cost of entire stake: $447.40 + +Current price of Stock: 657.54 (about 150% gain since initial investment date) + +Conclusion: Although it would have been great to be able to increase my investment on each dip, having the recurring transfer helped me take advantage of the partial share feature offered by my brokerage and keep my average cost low. During the same time period SPY gained about 36% edit: however, the only way to have gained 36% would have been to have had the $1300 I invested back last July. Otherwise, with the same auto transfer method the gains would have been 17% in SPY. Still a good return but 19% lower than the higher risk TSLA investment(math below in another edit). Although it would have been nice to be able put $1300 back in July 2020 and see it more than double, because I didn't have cash on hand, I only got about 1/3 of the potential gains of holding the stock the entire time. This gamble netted more than having the money in spy, but I guess that’s the risk premium. I am happy with the results of my little experiment and plan to continue this process and add a few more dollars per week into other companies and ETF's that I feel strongly about. + +Let me know your thoughts. I know this isn't groundbreaking stuff, but it's a small look into what you can do if you are literally storing the equivalent of 3 lunch meals a week in an investment account. Obviously one side note, the biggest downside to this way of investing is that my tax lots are all over the place and if I have to sell, I have an ongoing 1 year rolling date for "long" tax rates but, I don't plan on selling any time soon, so as time goes on, that will be less of an issue. + +Edit: Forgot to add a little more context: I currently have $150 a month going into a Traditional IRA, 9% of my income going into a 457 (~350 per check 2x a month) and a bunch that goes into my public servant pension. In addition to that, I regularly put ~200-300 into various stocks and ETF's that I hold each month. Although this investment represents a small amount of what I invest and save, it was probably the most exciting thing to watch all year. + +Edit 2: this was posted as a comment but here it is here too. + +A number of people point out that the price of the s&p has gone up YOY an amount equivalent to what I earned on this investment. Now a couple disclaimers: I don’t believe that this is a viable investment option for someone to do with their whole check. But here is an apples to apples comparison (excluding dividend which wouldn’t only affect it a few bucks since we are dealing with such a small amount.) But, here is the apples to apples comparison. This is using the weekly open price on yahoo finance for a year investing $25 per week. Again not trying to say this a better investment than spy, I don’t think it is but this is apples to apples. + +https://i.imgur.com/0rG0Ol5.jpg +Hello. I'm a 23-year-old living in Portland, OR. While we were living in Washington, my family had me co-sign on a full year lease for the place they were living in order to "build my credit". I unwittingly obliged, and later moved out and into an apartment with my current partner. About a half of a year ago I found out that my parents had broken the lease we had all signed, by way of applying to apartments in Portland, only to be rejected for having an eviction on my account. + +My parents were apparently court summoned, but did not show. I am now estranged from them, and desperately want to move, but my options seem incredibly limited. Is there any way anyone can rent to me in this situation? Even if I am the roommate and not the main lease signer? Should I contact a lawyer in order to sort this out? Can I be in contempt of court if I try to pay off the bill? + +More info: It was only two or three months into the lease when they broke it. Both me and my partner have over 740 credit scores. +At this point I feel it's absolutely vital we find an Ape with sufficient coding experience and another with access to Bloomberg (+all these other data/analytics paid services) to implement a script that scrapes then logs all of the options data say every couple minutes so that we never miss one of these potential "glitches" as they come and go. + +Not only will this help us direct our attention and potentially give more insight into shorts' strategies, but I can guarantee having this information saved and public will genuinely help speed along any future investigations when Bloomberg either *has trouble locating all previous data from this long ago* or fights against making it available to the relevant agencies. + +If you can offer either of these things, please comment down below. Edit: or PM to remain anonymous +If a Government decided that a business venture could use their own capital for any legal avenue such as + +- Salaries +- Investment +- Innovation +- Debt Reduction +- Expenditure + +However, all profits over a certain threshold (5%, 10% etc) should be surrendered to the social purse. + +Would this result in a net positive or negative for a society? + +Specifically thinking that this would disincentivise negative behaviours since the upside is capped. The company would be incentivised to use the profits for salary increases, employee benefits, modernisation or capital expenditure... + +We could say to a company, you can make as much as money as you want but excess money is returned to the state for investment leading to a more prosperous and healthy society with greater income to be spent. + +The legislation would applied to all sectors equally. + +Has this been tried or discussed anywhere? + +TL:DR I am asking, what good are excess profits after all investment, compensation and risks have been accounted for? +They are not distributed to employees or to customers via lower prices, so what good are they serving society? + +At present, it is estimated 2.1 trillion dollars are offshored by companies as untaxed profits rather than repatriate them to the USA. So...why should we not simply cap upper profits and stop companies building huge war chests? +My wife and I had an idea to "make a quick $10,000" with bitcoin, easy, right? Well, we purchased $30k worth of bitcoin (at around 45k each) hoping to sell it all for $40k total(gain of $10k). We hit our goal during the rise last week but we were both busy working at the time and couldn't talk about our exit strategy. Last time we were talking about bitcoin over dinner, and I said "You know, btc is close to 68" and the look on her face lit up and she said "So we made it???" I showed her my account and it was now at $45,300. I hit sell all. Gain of +$15,300 8n a few months. Not bas for a newly wed 28 year old couple. Now we have an extra $45k in the bank on top of our regular savings. I plan on reinvestong the gains of 15k back into btc and using the 30k to help pay off our mortgage. We hugged and said "We made it! $45 thousand dollars!" and my 9 year old daughter sitting there says "How did you guys just win $45,000?" "well honey, you know that thing called bitcoin I've been talking about for a couple years now?" + + +https://preview.redd.it/5b4wg37mc5w91.png?width=950&format=png&auto=webp&s=ca4389947afa4b242ff7819d81b75b59d6b3231d + + + + + + + +[View Poll](https://www.reddit.com/poll/ydxbvq) +Since we have a bit of a movement in crypto today and the amount of " is correction coming " threads in sub going over 9000 per week recently I decided to make a guide for average user on how usually thread goes about any price decline in anything in this sub and what to expect + +If you look at any volatility period over the past couple of years ( august 2015, start of 2016, brexit etc ) you will see a pattern on how decline of any securities thread in r/investing develops , the basic framework is the same and usually follows the same pattern: + +1. some bullshit happens , sp500( or crypto or oil, whatever ) opens with monstrous -0.63% , people wake up with Robinhood accounts been in the red and the grief of loosing 27$ of life savings makes them start a thread asking wise people of r/investing about imminent correction and what to do in this macro environment + +2. sp500 crushes to -.81%, thread getting traction with people giving each other advice how shit is on discount and we should all buy the dip and prices lower then yesterday bla bla bla, cant time the market and some quote from Buffett, cb_hanson gets triggered about market timing says something about selling volatility and how its predictable and posts 60 page pdf , none has time to read this shit because everyone is thinking if they should add to NFLX or NVDA with extra 100$ they need for food but YOLO and ramen for a month will work + +3.sp500 drops -1.3%, the first sign of correction thread is someone posting quote about blood in the streets and buying, people argue about historic context and brag about how awesome dividends are on their stocks, , argument starts about what's better dividend or capital appreciation and people find out that apparently dividend is not some magical fairy money from thin air, minds get blown + + +4. someone notices that bonds are up , discussion starts what the fuck are bonds and why you even need them , MCS says something reasonable about how they reduce volatility and provide better risk adjusted return and that 80/20 is pretty much 100/0 with much lower volatility and almost same return, someone admits they are 90/10 so they can buy on the dip , gets called conservative pussy. Note: any discussion about bonds ever on the sub ends in hydrocianade telling someone to go fuck themselves after arguing about where yield and price are the same or not + +5. somewhere in the middle of shitstorm dvdmovie1 posts a reasonable comment about how sick and tired he is from this bullshit posts about corrections and volatility nothing new and you should own good companies but gets dragged into argument about Ford and how awesome their dividend is trying to educate people why Ford stock sucks + +6. after sp500 dives to -2.03% another 10 threads appear in sub because everyone has a special unique problem and they want a special attention, mods merge threads, top post is ALWAYS suicide hotline and bits of wisdom how its just money, link to scene from margin call gets posted, everybody talks how awesome that movie is + +7. markets close, new thread starts where people do dick measuring contest about who is down the most in terms of weekly/monthly/yearly pay, the more you are in the red the more bad ass you are, bonus points if you have diversified portfolio of FB, TSLA, NVDA and BTC +Guten Tag to this global band of Apes! 👋🦍 + +Welcome to all of you wonderful Apes who normally don't pay attention to the German market action, but are joining us today to see where the the absurd spike in price after the market closed yesterday leads to. We all knew that the price was wrong, but I don't think anyone expected *that*. To summarize for anyone who might have somehow missed it, GME closed up a little bit, but shortly after the markets closed it spiked upward *hard* (on no news) after which articles started appearing trying to attribute the AH spike to reports of GameStop launching an NFT marketplace soon. + +My friends, I do not believe that the spike is related to GameStop's NFT plans. GameStop announced *nothing*, there are no new rumors or spicy speculation, the reports cite anonymous sources, and we've known about their focus on NFTs for most of the last year. There is something else going on, driving incredible upward price momentum, and it has nothing to do with GameStop as a company. This is an indication that someone needs to buy some shares immediately, and chose AH yesterday to begin buying them. It could be that one of the SHFs is jumping to try to close their position first, it could be that someone was margin called. Whatever it is, there is no way that it's over. + +This is a very exciting time to be an Ape with Diamantenhände. Please, if you have been on the fence about DRSing your shares, now is the time to take action and dial up the pressure. I value each and every one of you, and I am eager to see what today brings. + +Today is Friday, January 7th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$156.71 / 138,50 €** *(volume: 17918)* +- 🟩 115 minutes in: $156.63 / 138,43 € *(volume: 17177)* +- 🟩 110 minutes in: $156.60 / 138,40 € *(volume: 16830)* +- 🟩 105 minutes in: $155.89 / 137,77 € *(volume: 16216)* +- ⬜ 100 minutes in: $155.81 / 137,70 € *(volume: 16093)* +- 🟩 95 minutes in: $155.81 / 137,70 € *(volume: 15972)* +- 🟥 90 minutes in: $155.62 / 137,54 € *(volume: 15489)* +- 🟥 85 minutes in: $156.20 / 138,05 € *(volume: 14094)* +- 🟩 80 minutes in: $156.42 / 138,24 € *(volume: 13305)* +- ⬜ 75 minutes in: $156.37 / 138,20 € *(volume: 12197)* +- 🟥 70 minutes in: $156.37 / 138,20 € *(volume: 11893)* +- ⬜ 65 minutes in: $156.54 / 138,35 € *(volume: 11482)* +- ⬜ 60 minutes in: $156.54 / 138,35 € *(volume: 11297)* +- ⬜ 55 minutes in: $156.54 / 138,35 € *(volume: 10900)* +- 🟩 50 minutes in: $156.54 / 138,35 € *(volume: 10672)* +- 🟩 45 minutes in: $156.51 / 138,33 € *(volume: 10325)* +- ⬜ 40 minutes in: $156.49 / 138,30 € *(volume: 9783)* +- 🟩 35 minutes in: $156.49 / 138,30 € *(volume: 9561)* +- 🟩 30 minutes in: $156.42 / 138,24 € *(volume: 9172)* +- 🟩 25 minutes in: $156.19 / 138,04 € *(volume: 8856)* +- 🟩 20 minutes in: $156.12 / 137,98 € *(volume: 7263)* +- 🟥 15 minutes in: $156.09 / 137,95 € *(volume: 6490)* +- 🟥 10 minutes in: $157.76 / 139,43 € *(volume: 5119)* +- 🟩 5 minutes in: $158.98 / 140,50 € *(volume: 3767)* +- 🟩 0 minutes in: $158.69 / 140,25 € *(volume: 1295)* +- 🟩 US close price: $131.03 / 115,80 € *($160.51 / 141,86 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1315. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I built a Neural Network model (using Python and TensorFlow) for forecasting stock prices in 2016 and used the algorithm in my hedge fund in 2017. I made a [video](https://youtu.be/w1xXI4-l1D8) which provides a step-by-step walk through for how to create, train, and evaluate the model for the the purpose of generating buy and sell signals for financial securities. + +The methodology should be very useful for anyone looking to build something like this. + +This example utilizes a four layer neural network for trading volatility ETPs but can be easily modified to include other securities and metrics as predictor inputs. +The thought came to me as i saw this post + +https://www.indiewire.com/2018/10/chow-yun-fat-will-give-entire-fortune-to-charity-1202011765/ + +This guy is living the dream + +[Link is about chow yun fat a popular HK actor giving away MILLIONS to charity. Turns out he lived very frugal on just 107$ a month] + + +Some apes decided to share screenshots of their ComputerShare purchases. + +I went over the last 12 hours of poasts and tallied the results. + +PLEASE OPEN THIS LINK IN AN INCOGNITO WINDOW SO THAT YOUR NAME IS NOT SHOWN: + +[https://docs.google.com/spreadsheets/d/1DrUo43mLqJ3IbYIFaRXoiq8srru92ShVohZknlpkj3Q/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1DrUo43mLqJ3IbYIFaRXoiq8srru92ShVohZknlpkj3Q/edit?usp=sharing) + +&#x200B; + +You apes bought $59,289.98 worth of stonk. + +You apes transferred 2631 shares of stonk. + +The total value of transferred shares at $200/share and new purchases is $596,943. + +I updooted all of you and awarded almost all of you. Cheers! + +&#x200B; + +BUY HOLD DRS + +We are the catalyst. + +&#x200B; + +EDIT: + +\-APE YAWN- Good morning! Was not expecting such a positive response. Thank you all! + +A lot of calls for more updates. I have a programming background and some experience in data science. I'll see if I can script something together to make this easier to compile. I did this manually. I stopped at 12 hours b/c that's all my browser could muster 😂 + +I am NOT encouraging anyone to post their positions publicly. I personally have not posted mine, b/c people I know also know who I am on reddit. + +&#x200B; + +OOK OOK OOK APE TOGETHER STRONG! + +&#x200B; + +EDIT 2: + +Or, check out the work that fellow apes are doing: [https://www.reddit.com/r/Superstonk/comments/ppcq17/processed\_all\_of\_superstonk\_posts\_covering\_past/](https://www.reddit.com/r/Superstonk/comments/ppcq17/processed_all_of_superstonk_posts_covering_past/) + +&#x200B; + +FINAL EDIT: + +Here's the follow up: [https://www.reddit.com/r/Superstonk/comments/pppkaq/i\_compiled\_the\_last\_24\_hours\_of\_cs\_posts\_for/](https://www.reddit.com/r/Superstonk/comments/pppkaq/i_compiled_the_last_24_hours_of_cs_posts_for/) +Let's be honest as revolutionary as the blockchain is , it is hard to get your mind around it for most people. But if you think of it most people still have no idea how a computer works, I don't mean they don't know how to operate one , I mean they don't know what makes up a computer and how it actually works. It's the same with Bluetooth or most of technology itself. Consumers stop caring or trying to figure out how most things work once it starts working for then or provide utility. + +Crypto has hopes of solving many problems but people aren't able to wrap their minds around it (Nfts made it even harder). On top of that most of crypto is hard. Part of the reason most people are still using exchanges to store crypto. + +Of course none of it would matter if it is possible for it to be conveniently part of peoples life and is solving problems. + +We should stop explaining how things work to the average Joe and force him to into investing instead we need utility for the world to see. + +Once utility comes in , we wouldn't have any other option other than adopt crypto. +As the title says, I'm about to finish paying off my (substantial) Uni debt, which has led to me doing some self reflection on what my goals were before I started, and where I'm at with my career / personal life now. I thought this might be valuable for those who are considering studying an MBA in Australia or provide an opportunity to ask some questions. Feel free to not read the post in its entirety and just ask a question. + +I'll start with a bit of background. In 2015 I was working as Business Development Manager for a global company, selling engineered products into mining operations in WA. I had 7 years' experience in the industry with roles in sales and sales management. I was earning around $80K a year + a company vehicle + super, no commission. My performance in high school was pretty average; no TEE (what's it called now?) subjects and I cruised through without doing any homework or study and graduated in 2005. My primary drivers for looking into an MBA were to challenge myself academically, open doors into other fields if I decided to change career paths, and earn more dollarydoos. + +I decided to study with AGSM (Australian Graduate School of Management) due to their reputation and at the time they were offering WA based intensive lectures in phase 1, with phase 2 being intensives in Sydney. All up the fees were around $88,000 + flights + expenses, so let's call it $100K because I went on a study tour of South America with them. You don't need an undergrad degree to get into an Executive MBA in Australia. Some universities will however ask for entrance essays or some example of academic ability. + +My reflections: + +* It was a constant source of pain to see so much of my pre-tax salary taken out of my pay. Especially before graduating when I wasn't earning a higher salary. I didn't budget for this well enough and I was stretched at the time. +* The experience itself was fantastic. I met some wonderful people, and made a few lifelong friends. It isn't an understatement when people say that the main takeaway from an MBA is the networking element. There were people from all backgrounds, in one class we had a GP and an ex-army Sargent. +* While I only use about 20% of what I studied (everyone loves a made up statistic), it has given the functional knowledge to engage with most core aspects of a business. In saying that, you need to accept that you won't be a master of anything. I'm not a chartered accountant, I did one unit in accounting, so I can't expect to be as knowledgeable as our Financial Controller. Some people think an MBA instantly makes you a business god. It really doesn't. +* The attrition rate was high. AGSM's Exec MBA has two phases, with the first being 8 core units and the second being 4 capstone units. If you didn't average 65% in phase 1 you didn't get into phase 2. A lot of people dropped out within the first few units. It's not easy and it's not for everybody. Time varies from person to person, but I studied around 15 hours a week. +* 5 years' after graduating, I am now in far more senior position than I was when I started, and my salary has grown to just shy of $200K PA, excluding bonuses. +* Some (key word) companies genuinely care about the MBA in Australia. No it's not like in the USA, but it opened doors for me. An example is the last company I worked for, I was approached via LinkedIn by a VP of Sales in Australia who graduated from AGSM. It was a pre-requisite for the role he was recruiting for. In my current business, it's an unspoken rule that at a certain level, you need an MBA to progress. +* Some senior leaders in businesses I've worked for have a bias for 'higher ranked' providers, some don't. For me if someone's demonstrated they can complete an MBA, especially when working full time, that's a positive thing. + +I hope this is helpful or interesting to someone. Would love to hear from others with an MBA that differing views, I'm passionate about the topic, though I'll admit I'm lucky to have had such a NET positive experience. + +Edit: Even without the salary uplift, knowing what I know now and how I feel about the whole thing, I would do it again. + +Edit2: Broke out a couple of acronyms. +Greetings, everyone. Lately I found myself struggling with finding the right book (title). I read [this book](https://sng1lib.org/book/1005792/3f396b) but I wonder if somebody here knows better? + +Ofc I’m looking not just for reading and understanding FS, but judge them whether they good or not. How do I manage this one? + +Thank you +Let's say you planned and invested 10% in a stock. The stock keeps falling but you still have conviction because the fundamentals are strong. + +Should you still average down? Or keep looking for opportunities? + +Case and point: BABA +Do you think the first $100K is the hardest? How many people in their lives actually get to save $100K through hard work, investing, etc. + +For me, I knew it would not have been possible unless I was extremely frugal and worked multiple jobs. Frugality is important when you are starting off. I think now that I'm a little more comfortable, I can afford to spend a bit more, especially with a higher income and some investments working for me on the side. +Ryan Cohen is the largest individual shareholder of Apple with 6.2 million shares (edit for post split amount) He holds no positions with the company, but being such a large shareholder, being Chairman of Gamestop and founder/former CEO of Chewy, I would imagine he has some voice and pretty sweet connections with Apple. Also, RC only owns shares in two companies: Gamestop and Apple. + + As well, I just saw an article stating that Apple wants nothing to do with Zucks' Metaverse project. So, I gotta wonder, is there the possibility of something going on between Gamestop and Apple? I certainly think it is possible. Thoughts? +In a week and a half I may be going to jail for 3 months. What steps should I take to prepare financially for this? + +I have 7,000 dollars in my personal bank account, and about 5,000 dollars in a joint account with my wife. I have a good paying job right now where I bring home about 600/week, (2,500/month). We also have really good health insurance from there. My wife just started a part time job giving horse riding lessons. + +Our monthly expenses include 825/rent, 65/electric, 160/auto insurance, 200/food, 80/miscellaneous. + +I will lose my job and most likely will not get rehired by them once I get out. I will have at least 2,000 in fines once I'm out. I will only find out September 5th what the full extent of this will be. + +Any advice on what to do to secure my money before I'm gone and be in the best financial situation possible when I come back? +I recently got my first job that offers a 401k and everyone I’ve talked to at work about it recommends one. I’ve googled but that just confuses me even more. I don’t understand where the money goes, how much I should put in, and how I can get it out in the future. I’m very financially illiterate and don’t know where to begin. I feel uncomfortable asking friends and my family is useless when it comes to being smart with money. +Hey everyone, 28M here looking to get all my debt taken care of and get into a house within the next year. + +Primary income: 58k +Secondary: 10k +457:20k +Roth: 2k +Stock trading: 4k +Savings: 6k + +Debts: +2 cars: 41k +CC: 5k +Rent: 12k (annually) + +I'm trying to pay debt down and save for a down payment on a house. How do I do this? Do I "pay myself" and then work on debts, pay debts then save, or is there a different method? + +Thanks +Still in shock and not sure how to process this, but would appreciate advice on what to do moving forward and how this affects me. + +I have a stable job and earn over 100k have a credit score of 842 have a joint property investment with my brother. I'm not as savvy with my finances as you guys in this subreddit but live within my means. I have 50k in savings which I was planning on using a portion for the wedding and have been working on my spending habits and building this. + +Recently came to my attention after a serious discussion where he told me that he has atleast 70k in credit card debt over several cards...and a car loan. From what I've been told he earns about 80k. + +I don't plan on breaking up, but am working through the confusion, frustration and anger whilst trying to formulate a plan to sort this out. + Wow +- when we get married does his debt become mine? Does this only become an issue if he passes away or we divorce? +- how much will this affect his credit score and subsequently our ability to buy a house when the time comes? What time frame are we looking at after the loan is paid off for it to not be an issue? +- does it make sense for me to pay off a portion of the debt and for him to secure a consolidated 0% interest card for the remainder of the loan? My logic is that if don't help out, the extra money paid to the bank in interest is money we could have kept, saving for our future. +- if there is a 0% interest option, is there a point in getting that paid off asap or just minimum repayments? + +Can anyone provide finance management advice for couples that live together. (We currently don't) +- Should we keep finances seperate until it's all paid off? Even if we're married and living together? +- is there a point of him paying me back if after we get married 'whats mine is yours' + +Tdlr; found out the guy I'm about to marry is in a fuckload of debt and wanting advice so I can better plan a strategy to sort it out. +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. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +This is the official AMA (Ask Me Anything) post for **Lucy Komisar ft. Wes Christian**, facilitated by u/pinkcatsonacid on [Superstonk Live](https://www.youtube.com/watch?v=wuPizlDY0Ys) for a one-on-one discussion, with questions influenced by and taken directly from this post. + +We learned a lot from Wes Christian the last time he was here. And we have had a fantastic time hearing what Lucy has to say about Superstonk and about the issue of naked short selling, the SEC, and Gamestop. + +And she's ready to come back for round 3, and this time, she's doing the interview! This is a heavy hitting AMA you don't want to miss! + + +We will be choosing questions from this thread that have an SEC focus. Other topical questions are unlikely to be answered this time around! + + +[Lucy Komisar](https://preview.redd.it/o3wkaenodv071.png?width=1542&format=png&auto=webp&s=136d86fbaeaad6ca1c7548d1d7c00ae86bdfa21d) + + + +# Part 3 with Lucy will be Wednesday June 2, 2021 at 4:30 pm Eastern on Superstonk Live Youtube!!!! + + +**This AMA Post will remain active until the live stream begins, at which point this post will be LOCKED.** Please note that our AMA guests have limited time, and cannot possibly answer all questions, so we encourage you to put some effort into your questions so that they can be upvoted by your fellow apes for visibility. + +\--- + +**YOUTUBE INFO** + +Please note... **This channel is not monetized, nor will it ever be** (screenshot this and hold us accountable), and is strictly for education and discussion as it relates to [r/Superstonk](https://www.reddit.com/r/Superstonk/) topics and the interests of the community. The idea was approved by the mod team, and the channel was created and is administered by [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/). The stream itself will be handled through a third party service with many live-editing features (omitted for security's sake) that allows a stream through Youtube. + +Finally, we made the choice to create this platform because AMA guests seem to prefer the live stream method, since they don't always have a reliable platform to stream from. This allows us to offer them a choice of platform, and also a means of discussion with our members LIVE, that ultimately will cater to the interests of [r/Superstonk](https://www.reddit.com/r/Superstonk/) and this community of diamond handed apes. +I do not want to invest in debt funds that give a much higher return than bank FDs. They are too risky (remember Franklin UST). I will be happy with 7 to 10% per year, over the long term (5+ years). + +So I looked at the Conservative Hybrid Funds. I found PPFAS Conservative Hybrid Fund. Its debt component is all in Sovereign debt, no AA or even AAA. And its equity component is divided thus: 9% in REITs and just 12.5% in "pure" equity (spread equally in stolid names: Bajaj Auto, ITC, Coal India, Petronet LNG, Power Grid). + +It is a new fund, only five months old, and its trailing 3 month return is 3.33%. That is high from a purely debt perspective but I assume is due to the recent run up in equity. In comparison, the best performing fund in the category returned 9% over the same period. + +Since my time horizon is long, I will also benefit from lower taxation. + +Does investing a small part of my debt allocation in this fund make sense? Am I missing anything? + +On the equity side, PPFAS Flexi Cap is already my biggest holding. +I grew up in a trailer in a rural area, and was labeled trailer trash throughout my childhood. It always made me angry. And now I live in my own apartment all by myself. I pay my own bills. My place looks the way I want it to, and even though it’s a studio. It’s all mine. Younger me would be AMAZED. I feel like I’ve come so far. It’s been a lot of work. I just want to appreciate that I’ve made it this far. + +EDIT Update: Holy smokes! I didn’t expect so many people to read the post! I’m honestly so thankful for all of your support and responses. My heart is filled up. Thank you. +Given that I've asked /r/financialindependence a few times for advice over the last few months (or possibly years... it feels like years), I thought it was only fair to feed back a little. + +So, I've been working as a management consultant for most of my career, being farmed out at various banks so my bosses can make some good cash. With a FIRE-mindset, my challenge has generally been to leverage those opportunities and take as big a slice of my rate as I possibly can. My current employer (until March at least) has been a bizarre blend of great opportunities, insane management and cognitive dissonance. On the plus side, I've learned some key lessons that many of you probably have learned for yourselves. + +1) If you aren't senior enough to win political tugs of war, drink the kool-aid (see, I even learned to speak like ~~a Yank~~ an American when I need to) as and when necessary. In the past I've taken moral stands for the benefit of the group, but I've realised now that especially for FIRE purposes I'm best off picking my battles when it relates to my personal scenarios. A couple of colleagues have recently been all-but fired (the bad kind) for pointing out some management issues during a blue-sky thinking event. We discussed it, and realised that with our toxic management they should have known better and just trotted out the company mission statement repeatedly. The point of such events is to point out how well the bus is being driven and how comfy the seats are, even if you can all see the volcano crater a couple of miles ahead. + +2) Fight the big battles tactically. I asked for some thoughts on here before, as my little British company was bought out by NYC-Megacorp back in 2016, who decided to slash all the benefits and slowly replace us with cheaper staff. It was heavily recommended that I take a pay-cut on three separate occasions, and each time I carefully read the documents that HR presented, took them away, and then set up meetings with the key directors to explain the impact and how it seemed incongruous with their messaging to me about my performance. In each case, HR seemed to vanish, and by pushing hard at review I managed to get a couple of promotions in with pay rises (I know, figure that one out). + +3) When an opportunity comes along, grasp it with both hands. I had an opportunity to explore a niche industry within the banks, and quickly built up a reputation for it internally. I was attending conferences, writing articles for the website, and was invited into pitches for my specialist area, and regularly used it as leverage in reviews - i.e. who else can do this same work? + +4) A liar is always a liar. When the UK offices started to struggle in 2018, I was told that as a top performer I had nothing to worry about, but when the salary reviews came around they decided that adjustments would be 0% for some staff (me included) because profits aren't high enough (despite me being one of the most profitable staff in the company). I told them I was pissed off, and was advised that I would get some adjustments in 2019, presuming I achieved some ethereal goals, but date and amount undetermined. I thought that was bollocks, and told management so, but just hit brick walls at every turn. Today, 1 hour after handing in my notice, I was offered a 20% salary boost and a guaranteed promotion in June. I don't believe for one minute that this would have come through. Either way, it was an easy rejection for me. + +5) Have confidence in yourself. I suffer from imposter syndrome a lot, and when applying for new roles came back here for advice - I'd repeatedly been told I was beyond the top end of my company's pay scale, and was concerned that other employers would push back, so thought I might need to set low expectations. u/oracledba and others politely told me I was being a twat, so I took their advice and aimed big when I gave a target for my recruiters / interviews. Some told me there was no chance, but one came straight back and said "Hey, we like your CV and want to interview you. But realistically, we can't achieve what you've asked for. Our maximum offer would be X, but we have a very strong benefits package." With benefits, that made for roughly a 15% raise on my current, so I continued, and at the end of the interview process they made exactly that offer that we'd agreed at the beginning, which I accepted. Perhaps I could have negotiated, but I was extremely happy and relieved to accept - and having done some negotiation up front was very comfortable with the figures. + +In essence, thanks for your collective wisdom, and never forget that companies will stab you in the back at the first opportunity and the only person selling yourself is you. And whilst I've royally pissed off the boss by rejecting his counter offer, virtually all of the team have privately congratulated me and are very keen to stay in touch. And, of course, most importantly, FIRE is that little bit closer! +\$BUNNY has recently undergone a small correction from peak which makes now an excellent buying opportunity. Unlike all the other hyped coins \$BUNNY actually has a product, a realistic roadmap and a reliable core dev. The recent selloff was from whales and now \$BUNNY is free of them we have nowhere to go but up. + +As always, DYOR but I believe \$BUNNY can easily 10x from here with the upward pressure on price. + +Get in soon: Buy on uniswap: https://app.uniswap.org/#/swap?outputCurrency=0x3ea50b7ef6a7eaf7e966e2cb72b519c16557497c +28/M. Starting to really build cash reserves to go on the "offense", so to speak. I'm interested in purchasing rental properties, but know banks look for more experienced individuals and investors. + +I can qualify for a first time homebuyer loan. Should I be utilizing a first-time loan to show banks I'm capable of handling property loans? Build equity for 12-24 monthen the first property, THEN start purchasing rental properties? + +I'm particularly interested in multi-family properties (duplexes, triplexes, apartments, etc.), but I know I'll need 30%+ for down payments on those. + +Thoughts on how I should prioritize property types? + +Edit: Based in Southern California (U.S.) +Own a multi family property that’s very old. This neighborhood has never been hot, and with some big repairs on the horizon and with the property being far from my house, it’s becoming a burden and we want to sell it. Now that the neighborhood apparently is a hot bed for selling, we want to sell, as we are worried that the upcoming recession will hit this neighborhood hard and we will be selling for a loss. We just need something closer to us if we’re going to continue being landlords. + +However, I’m very concerned about using a 1031 and getting another property with the huge uncertainty of tenants being able to pay. I also know that totally cashing out will get us hit with big taxes, but maybe it would be worth it? + +Thoughts? +At the beginning of August the market started rallying in anticipation of more stimulus. Every day, higher and higher and higher. Then, the talks fall apart and we dont get the stimulus! Should have been huge news that took the market back down to at least beginning of August levels. But nope, this retarded market wants to stay at all time highs instead. + +Tuesday, Walmart reminds us that the only reason they did so well is because of the stimulus and business has slowed since it ran out. This trend is likely true for the entire recovery. The market modestly punished wmt for a day but mostly brushes it off. + +Wednesday the Fed does not say anything supporting the yield control that these crazy bulls keep talking about, they also remind us that the economy is not good and we need stimulus. Futures look bad that night but by the next day the market only falls a little, like a percent, then goes right back up by end of day Friday. All of this on historically low volume. + +Apple, already at ATHs, up another 5+% today on nothing. TSLA has a P/E over 1000. Thats right **over 1000!** Say what you want about p/e not being important but when it gets to these levels it matters. Its like people expect teslas to be in everyones driveway within 5 years. Like gas cars will disappear and Toyota, GM, and VW are entirely are incapable of making an EV. It is retarded. + +Meanwhile, Footlocker has very impressive earnings, reinstates their dividend, and it goes up only 1 percent. How does that make any sense? + +How long can the idiots run this market? It has become spiteful to reality. Its just, take what makes sense and do the exact opposite. Seriously wtf is happening? Its not just the fed, there has to be some serious manipulation going on behind the scenes. If we're going to say its inflation, then why is gold continuing to fall? There is no consistency, no context, no sense to any of this. Dont tell me the market can stay irrational longer than you can stay solvent- that cliche does not explain this insanity. Its not irrational, it is anti-rational. +I personally play the euromillions every Tuesday. + +In my mind this is a 90% entertainment, 9.999% charitable and 0.001% financial decision. + +It's mainly something which allows me to occasionally daydream about "if I won I'd do xyz". But nothing more. + +To some respect, I believe this is a privilege. This isn't my only ticket to financial freedom or living well, as I'm well educated and do believe that I'll be able to fulfil my financial dreams through hard work and determination. + +My question is do you play the lottery, what is your relationship with it, and do you think it holds people back with respect to the financial aspirations? +# Introduction: + +Good morning and Happy Holidays everyone. Thanks for the patience regarding this post, holidays have been a bit busy for us. For this review, I will be diving less in the financials since REITs are required to pay out 90% of it's income in the form of distributions, and since it is important to evaluate them based on their holdings rather than strict numbers. Especially when fluctuations in the Real Estate market are taken into consideration. + +Please note, I will not be discussing individual holdings, there are way too many to evaluate there, however I am going to link the investor presentation and 10K below. If you do anything with this post, please make it that, check out those slides, they are loaded with very useful company information that would take way too long to discuss here. Plus they have better visuals. Because I am including those links this post will be shorter than my normal ones simple because there is too much information to include in a single post that is better represented in the information they already have. + +# $O - Realty Income: + +**Sector: Real Estate Investment Trust - REIT** + +Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with commercial tenants. To date, the company has declared 604 consecutive common stock monthly dividends throughout its 51-year operating history and increased the dividend 108 times since Realty Income's public listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend Aristocrats index.. + +**Strengths:** + +>\- Very strong tangible assets. We will look a list of tenants below. +> +>\- Popularity amoung investors due to monthly payouts and increasing dividends. Dividends they managed to continuously increase through the 2008 subprime mortgage crisis. +> +>\- Conservative and responsible spending/expansion planning. +> +>\- Diversified tenants w/long leases. +> +>\- Occupancy has never been below \~95% +> +>\- 23 out of 24 years of earnings growth. (2008 was the one negative year, and only bt \~-2%) + +**Negatives:** + +>\- Dividends will be taxes at your ordinary income tax rate since they are non-qualified dividends. +> +>\- More susceptible to rising mortgage interest rates. +> +>\- Expensive compared to similar REITs. (due to popularity). +> +>\- Long term health/staying of traditional brick and mortar retail locations vs companies like Amazon. + +**Top 20 Tenants:** + +Many of $O's tenants are big names. As it stands, Realty Income has over \~600 tenants across 51 separate industries in both the United States and UK. Since 1990, it has grow from 630 properties to over 6,588 properties in 2020. + +* Walgreens\* 5.8% +* 7-Eleven\* 4.9% +* Dollar General\* 4.4% +* FedEx\* 3.8% +* Dollar Tree / Family Dollar\* 3.3% +* LA Fitness 3.3% +* Regal Cinemas (Cineworld) 2.8% +* AMC Theatres 2.7% +* Sainsbury’s 2.6% +* Walmart / Sam’s Club\* 2.6% +* Life Time Fitness 2.5% +* Circle K (Couche-Tard)\* 1.8% +* BJ’s Wholesale Clubs 1.7% +* Treasury Wine Estates 1.6% +* CVS Pharmacy\* 1.6% +* Super America (Marathon)\* +* 1.6% Kroger\* 1.5% +* Home Depot\* 1.4% +* GPM Investments / Fas Mart 1.4% +* TBC Corporation\* 1.2% + +So what was the impact of COVID-19? Surprisingly very small. Over 94% of Realty Income's tenants continued to pay their rents on time and in full. The 6% that were not able to continue paying include: + +* 60% of Theaters (\*cough\* AMC) +* 18% of Health and Fitness Gyms +* 3% of General Merchandise Retailors +* 1% of Casual Dining Restaurants + +# Dividend & Growth Highlights: + +The numbers we will be looking at here are the dividend and company growth since 1994. Remember that these numbers are not indicative of future growth since they are backwards looking. No one has a crystal ball telling them how companies will grow in the future. + +**Current Dividend Info:** + +|Stock Price|$61.25| +|:-|:-| +|P/E Ratio|51.00 (They are popular)| +|Current Annual Payout / Share|$2.81| +|Monthly Dividend Amount|$0.2340| +|10 Yr Div Growth Rate|4.7%| +|3 Yr Div Growth Rate|4.3%| +|1 Yr Div Growth Rate|3%| + +**Interesting Growth/Dividend Highlights since 1994:** + +* Compound annual return of 15.3% +* Compound annual dividend growth of \~4.45% +* Dividend Growth of 212.5% (Including Dec 2020) +* Market Cap vs Debt = $21.3 Billion vs. $8.5 Billion + +**What if you bought back in 2009?:** + +Suppose you bought 1000 shares back in 2009 after the subprime crisis, what would you investment and income look like now? Well: + +|1K Shares Bought on Dec 2009|$25,900| +|:-|:-| +|Investment Value as of Dec 2020|$61,250| +|Dividend Income in 2009|\~$1,700| +|Dividend Income in 2020|\~2,800 (Assuming DRIP)| +|Original Yield in 2009|\~6.5%| +|Yield as of 2020 (Assuming DRIP)|\~10.5%| +|Dividends Received from 2009 - 2020|\~$24,000 (Assuming DRIP)| + +So, without even considering the stock price appreciation, dividends would have returned you nearly your entire original investment amount of $25K. Again, all these number do assume you were reinvesting the dividends to compound your growth. + +# Link to the Investor and International Expansion Slides: + +[REALTY INCOME INVESTOR PRESENTATIONS](https://www.realtyincome.com/investors/investor-presentation/default.aspx) + +Here you can find slides that present the current company finance structure, outlook, levels of debt, and tenant information all visualized in a very good way. It is too much information to write about here so please take the time to check it out if you are more interested in those details. Much of this information starts on slide 31. Additionally the information can be found on page 34 of the annual 10K. + +[REALTY INCOME 10K ANNUAL FILING](http://d18rn0p25nwr6d.cloudfront.net/CIK-0000726728/d57a0155-979b-4fe7-a169-1a9306bf58e5.pdf) + +Here in the 10K is all the detailed information about their ownings, ownings by state, individualized income from those holdings, mortgage debt, revolving debt numbers, total income and investments, and payout dispersals. + +NOTE: Many of the numbers are can fluctuate wildly due to swings in the intrinsic value of their properties and the overall real estate market, this can make REITs a bit harder to evaluate strictly from a numbers perspective. + +# A quick note about the 10K: + +It is strongly encouraged you scroll through the 10K when you have time to relax and if you're interested in investing into the company. (Link right above in previous section) + +At a glance on page 34, it can be noted that they have steadily been increasing their profit margins over the last 5 years. Yes Debt has increased, but so has the overall revenue, and at a slightly wider margin than debt expansion. This is part of their strategy moving forward and is discussed in the investor presentation on slide 35+ in the link above. + +# Closing Thoughts: + +Realty Income is popular is a REIT for a reason, it has excellent holdings, pays monthly, has strong staying power even during market down turns (2008 + COVID), and competent leadership with responsible, relevant, and more conservative investment strategies. (This is particularly important during downturns, see AMC vs Cinemark right now) + +Again, please check out the 10K and Investor Slides above, there is much more useful information there that would simply take too long to cover here. This was a shorter post to simply get the brain juices churning before reading the information from the links. + +Again, thanks for the patience for this post, thankyou for reason, please do your own research, and everyone have a fantastic rest of their holidays. Happy (soon to be) New Year! + +Edit: I am highlighting this comment by u/methothimself for anyone looking into the 10k. REIT valuations are generally measured on a Price/FFO, Price/AFFO and Premium/Discount to NAV, which is why the P/E looks so distorted for most REITs as it accounts for a heavy depreciation line item. FFO adds back depreciation and AFFO adds back depreciation and recurring capex. On a P/AFFO basis O trades at ~17x on 2021 earnings. +Read an interesting article on Bloomberg. The major banks in the U.S. have cleared the Fed's stress test this past year. **This means that they may be allowed to increase dividend payouts to investors.** + +Banks were evaluated based on the Tier 1 capital ratio, in which the following ones listed below have passed: + +\- Bank of America + +\- JP Morgan + +\- Citigroup + +\- Goldman Sachs + +\- Morgan Stanley + +\- Wells Fargo + +&#x200B; + +Have a look at the prices. Some of them have dropped significantly over the past couple days, and are regaining some of the loss, albeit not fully. + +This is not financial advice. + +[Source](https://www.bloomberg.com/news/articles/2021-06-24/banks-easily-clear-u-s-stress-tests-setting-stage-for-payouts) +Disney down 7% - This company lost over $20BN in value today. + +[Disney stock 11-11-21 4:00PM](https://preview.redd.it/8r6m6vjd91z71.png?width=1644&format=png&auto=webp&s=4e5df8636de9f3e8a5310efdfed6f1c3037cc904) + +The Call Options Got Wrecked... + +[Even a retard smooth brain knows thats not good for people hodling them \^](https://preview.redd.it/rpege23t91z71.png?width=1610&format=png&auto=webp&s=baba042143435a9ff5d079b3406ede94fc5ce7f9) + +[Citadel Advisors with a $1.5B Call Option... ](https://preview.redd.it/ckk7xzv0a1z71.png?width=1868&format=png&auto=webp&s=9c1ffc0cecd9f1eed7c3331e8a51261532ce6c96) + +[https://stockzoa.com/fund/citadel-advisors-llc/#google\_vignette](https://stockzoa.com/fund/citadel-advisors-llc/#google_vignette) + +**TL:DR Far out Disney Call Options got wrecked today. One of Citadel Advisors Core Positions is a Disney Call Option valued at $1.5B. This will cause major damage if they still own that position. Based on the fund behavior (Ive studied it for a while now), I would say they still have that position open. Citadel holds their core positions.** +I realize as I progress along my goals (and get older quite frankly) my time investments and calendar management evolves. + +What did you learn along the way? How do you organize your calendar as you get to more executive roles? +I am buying a house soon which me and my girlfriend will be living in. I will be paying for everything and she won’t have to pay. We would be splitting living expensive such as food and internet. But if we broke up would she be able to claim a part of my property, how can I protect myself from this? + +I think things will work out, but I also don’t want to be stupid and ruin myself financially if things don’t. +An interesting article on Bloomberg today for people considering moving abroad because of the lower costs: https://www.bloomberg.com/news/articles/2019-10-03/thailand-s-surging-baht-shatters-expat-dreams-of-easy-retirement + +I think as these countries develop and get more industrialised, a lot of the cost advantages will disappear and that’s not even considering the currency risk. Something to keep in mind for people looking at 40+ years in FIRE +Hello everyone, I again am guest-hosting Diamantenhände while we all eagerly await u/DerGurkenraspler's glorious return. Apes unite around the world to watch the German market carry the torch until US pre-market opens! + + +- 🚀 US pre-market is open! 🚀 +- 🟥 120 minutes in: **$249.41 / 205,00 €** +- 🟩 115 minutes in: $249.72 / 205,25 € +- 🟥 110 minutes in: $249.48 / 205,05 € +- 🟩 105 minutes in: $250.33 / 205,75 € +- 🟥 100 minutes in: $249.90 / 205,40 € +- 🟥 95 minutes in: $250.14 / 205,60 € +- 🟥 90 minutes in: $250.33 / 205,75 € +- 🟩 85 minutes in: $250.81 / 206,15 € +- 🟩 80 minutes in: $250.21 / 205,65 € +- 🟩 75 minutes in: $249.41 / 205,00 € +- 🟥 70 minutes in: $249.23 / 204,85 € +- 🟩 65 minutes in: $249.54 / 205,10 € +- 🟥 60 minutes in: $249.29 / 204,90 € +- 🟩 55 minutes in: $249.35 / 204,95 € +- ⬜ 50 minutes in: $248.02 / 203,85 € +- 🟥 45 minutes in: $248.02 / 203,85 € +- ⬜ 40 minutes in: $251.66 / 206,85 € +- 🟩 35 minutes in: $251.66 / 206,85 € +- 🟥 30 minutes in: $251.60 / 206,80 € +- 🟩 25 minutes in: $251.66 / 206,85 € +- 🟩 20 minutes in: $251.36 / 206,60 € +- 🟥 15 minutes in: $249.78 / 205,30 € +- 🟥 10 minutes in: $251.48 / 206,70 € +- 🟩 5 minutes in: $251.54 / 206,75 € +- 🟩 0 minutes in: $249.41 / 205,00 € +- ⬜ US close price: $248.36 / 204,13 € + + + +FAQ: To generate this data, I'm capturing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and converting to USD. Today's EUR -> USD conversion ratio is 1.22039922. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +I'm not trying to permanently take over this tradition, just keep it going for fun on days when u/DerGurkenraspler doesn't start the thread at the normal time. They have been unexpectedly absent recently, but I will gladly bow out of this role when they resume updates. +Few hours ago Coin Market Cap removed Korean exchanges from their coin price calculations and being that all coins are about 30% pricier over there, it instantly tanked the price on CMC graphs. From what I see this is happening now : + +1. CMC removed Korean exchanges +2. Prices/graphs instantly tanked (but in practice not relevant to people outside Korea who dont trade there anyhow) +3. Large number of people did not recognize what actually happened and that there were not moves/selling on their western exchanges +4. Those same people are now dumping large amount of coins trying to "cut loses" because of the false impression that coin is crashing. +5. Random stuff happening + +My opinion is that this should have been handled much better by CMC. At least put a banner saying "WE HAVE EXCLUDED KOREAN EXCHANGES BECAUSE OF THIS OR THAT AND IT WILL HAVE SUCH INFLUENCE ON CALCULATIONS". I just hope they do not put back and remove those exchanges at random point in time. Any thoughts? +I'm looking to buy a property and relied on [Trulia.com](https://Trulia.com) showing a crime map with different layer colors if it had a lot of crime or not... is there any other websites to check how bad a neighborhood is? + + +Thanks! +Note: This is not a political post. I am interested in what the FI community thinks should be in this course. + +Here is the text of the recently passed Florida Senate Bill 1054, "Financial Literacy Instruction in Public Schools" enumerating what must be in the course: + +1. Types of bank accounts offered, opening and managing a bank account, and assessing the quality of a depository institution’s services. +2.  Balancing a checkbook. +3. Basic principles of money management, such as spending, credit, credit scores, and managing debt, including retail and credit card debt. +4. Completing a loan application. +5. Receiving an inheritance and related implications. +6. Basic principles of personal insurance policies. +7. Computing federal income taxes. +8. Local tax assessments. +9. Computing interest rates by various mechanisms. +10. Simple contracts. +11. Contesting an incorrect billing statement. +12. Types of savings and investments. +13. State and federal laws concerning finance. + +What things on this list do you like? What things are outdated? What things are missing that will be important over the next 30 years? What should we be teaching high school kids? + + +EDIT + + +Most people seem to agree the following things are outdated and less important: + +Balancing a checkbook, an inheritance, contracts, insurance + +Most agree that the "expert FI" edition of the list should include + + +BUDGETING AND INCOME + +HANDLING ON-LINE ACCOUNTS, INCLUDING SECURITY + +COMPOUND INTEREST + +TIME VALUE OF MONEY + + +BUYING A HOME + +MANAGING CREDIT: Understanding loans. + + +&#x200B; +I’ve been trying to do some research online and now I’m here and have been dreading asking this. My boyfriend and I are getting extremely serious talking about engagement and the future. When we first started dating he was very honest about filing for bankruptcy after getting a large sum of money at a young age and not being smart about it. The bankruptcy will be 2 more years approximately. I have a few questions: + +How would this affect me, who has good credit and a good amount of savings? + +Should I buy a house (by myself) before we get married? (I already own a small home but we want/need an upgrade). If we do that jointly would his credit/bankruptcy hurt us? + +What would joint filing taxes be like? + +He’s a union construction worker and within the next 14 months (becoming a journeyman) he’ll easily be able to make 6 figures with overtime. I’m a teacher. We’re both in our late 20s. + +Our relationship is amazing, very loving and fun, but how that will affect how hard I’ve worked to be a financially independent, female on a teachers salary scares me. + +Advice? Words of wisdom? Thanks! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +TLDR: Here is a picture for you. + +&#x200B; + +[All Holdings of GME Across ALL 13F Reports](https://preview.redd.it/sg1myj7pdh291.png?width=463&format=png&auto=webp&s=588c875dee4882b26573f9c95876887de4507455) + +&#x200B; + +I've been digging into the 13F reports a lot lately. I've posted about Sus and Wolverine both in the past day or so. I've been trying to figure out patterns in each Managers' holdings. I ended up taking ALL of the data from ALL of the 13F reports filed over the last 3 Quarters and put it into a spreadsheet. + +[If anyone wants to play along at home, I exported all my data into a csv file and put it into pastebin.](https://pastebin.com/BScff7Sz) + +I checked all the data 741 times, but no guarantees I didn't fat finger something. + +Anyway, there are over 400 companies that have filed a 13F report claiming to have a position in GameStop in the past 9 months. (Most of them have one for each quarter unless 1) they closed out, or 2) recently bought in. + +I sorted that data and then calculated the change in position between 4Q and 1Q...then sorted by size of that chage. And Apes: ***let me show you why my nipples exploded:*** + +&#x200B; + +[Top 80 positive changes in GME position from Q4 to Q1. ](https://preview.redd.it/4y244raseh291.png?width=910&format=png&auto=webp&s=4eda94dbb1b97a27b5b101dbaae571be396a2b39) + +🚨THE THREE COMPANIES WHO HAVE BOUGHT THE LARGEST AMOUNT OF GME CALLS DURING THE FIRST QUARTER ARE SUSQUEHANNA, CITADEL AND JANE STREET.🚨 + +They KNOW they are fucked.🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Not only are the short funds going long, the entire market is. For instance: D.E. Shaw closed their puts and bought 660k moon tickets. + +&#x200B; + +[D.E. Shaw Decided to board the Rocket](https://preview.redd.it/vw5na41igh291.png?width=927&format=png&auto=webp&s=830fdc456ab5e72811e0f2861ae3a68d3fb433c1) + +A lot of companies are doing this. Here are the consolidated total including all 400+ companies that filed a 13F: + +&#x200B; + +[Puts are inching up; Shares and Calls and skyrocketing.](https://preview.redd.it/psuro63afh291.png?width=312&format=png&auto=webp&s=9e3c948cdff07ffd33744c85ca02bddecca73604) + +Big Rocket Energy. It looks even better in crayon: + +[Everyone knows. ](https://preview.redd.it/a1ld9qcgfh291.png?width=463&format=png&auto=webp&s=5a5214b8a7d92aa066c677758c308ee45d9173d4) +A reverse-merger, or any sort of CUSIP # change or name change, will not work, and here’s why: + + +1. Dr. Trimbath, Naked, Short and Greedy: Wall Street’s Failure to Deliver, Page 172-173: “I had drinks with a person who is an expert in clearing on Friday. He said Patrick should do a rollback (he could always do a forwards split later) and change his CUSIP number. Is my friend right that this would force the system to reconcile all the claims into real shares? No, your friend’s suggestion could result in the issue being frozen at DTCC.” [Image](https://imgur.com/a/Jf5TClN) + + +2. Dr. Trimbath, Naked Short and Greedy: Wall Street’s Failure to Deliver, Page 41 (41 on the PDF, might be Page 43 in the paper copy): “Companies victimized by short sales, stock lending and settlement failures made numerous attempts over the years before 2003 to fix the problem: declaring reverse stock splits, recapitalizations, name changes, the issuance of warrants and “loyalty shares,” etc. All these efforts failed and eventually only made it impossible to fix the underlying regulatory failure.” That last line makes it seems that a change would actually make the problem *worse*, but I don't know. [Image](https://imgur.com/a/U2gZ12i) + + +3. In that same article that one of the original DD’s linked (https://theintercept.com/2016/09/24/naked-shorts-cant-stay-naked-forever/) they wrote “Once that CUSIP changes, the naked shorter has no apparent way to close out the naked short position. No stock under the old CUSIP number exists anymore; it all automatically converts to the new CUSIP. Those trades can sit in the Obligation Warehouse forever, in theory. But the “aged fails” — essentially orphaned naked short transactions — remain on the naked shorter’s balance sheet as a liability to be paid later. By DiIorio’s reckoning, then, the cycle of naked shorting and reverse splits would inevitably result in an ever-increasing number of aged fails. And if that was happening, and those liabilities grew bigger and bigger, then federal regulators could see the outlines of the scheme on any financial statement.” Meaning that it would not be a catalyst but rather a stain on their balance sheet that might look bad but wouldn’t for the shorts to do anything. Historically, it seems that the naked shorting issue would just get frozen at the DTCC in limbo and not actually addressed. *Also I reached out to the author on twitter and he has yet to reply so I'll update this if he does I guess.* + + +4. And [this tweet](https://i.redd.it/k1h6uwj0bb271.jpg) from Dr. Trimbath in which she states it’s not the move. + + +5. Take a look at [this Forbes article](https://www.forbes.com/2006/08/25/naked-shorts-global-links-cx_lm_0825naked.html?sh=7940abe48400) regarding Global Links Corp when they tried to do the same thing in 2005 even after RegSHO was passed. It states the following: “In the first four days of trading, more than 143 million shares traded hands. This is despite the fact that the stock was trading under a new ticker and a new trade tracking number, and despite the fact that it had only 1.1 million shares issued. The Depository Trust & Clearing Corp., which handles the lion’s share of U.S. stock settlement, had just 929,277 shares available for trading.” [Thanks /u/Warm_Fudge](https://www.reddit.com/r/Superstonk/comments/ngj4br/using_pure_logic_why_gamestop_will_be_the_ones_to/gyrjh10/) + + +I don't want to say [this post](https://www.reddit.com/r/Superstonk/comments/n7bv2h/ryan_cohens_kill_shotthe_reverse_merger/) and [this post](https://www.reddit.com/r/Superstonk/comments/nnmb4c/tombstone_tweet_confirms_reverse_merger_reposted/) are FUD, but the seemingly only source they have is the same article that says it wouldn't force the shorts to do anything, and Dr. Trimbath's work directly disproves it. + + +Voting and a crypto dividend are still cool though 👍 + + +Thanks! +Hi, I’m an American who just moved to France a few days ago for a year. I just saw that the Euro and USD are now about equal. Is there anything I can do to make the most of that? As of right now, I don’t have a European bank account. My bank assesses an international transaction fee of 3% to the converted US dollar amount at ATMs. In general, I will be paid in cash for the part-time work I’m doing here. If I run out of cash from my employer, I would pay with my credit card which doesn’t charge international fees. + +Anyway, is there anything I can/should do right now to take advantage of the more favorable exchange rate? + +Also, I hope I don’t sound insensitive to any Europeans this is affecting. I am 23 and don’t have much money, but I am really excited to be here to learn my 4th European language, and I want to do what I can to budget well and travel around to enjoy your beautiful continent :) + +Not thinking about trading since I have very minimal investment experience. I’m just wondering if it’s smart for me to make bigger purchases as soon as possible, like a computer or yearly gym pass, for example. Or other small-scale budget considerations. +Looking to add more monthly divedend stocks atm, currently hold some AGNC but looking to diversify and add to it so any suggestions would be great, thanks ! + +Edit: Thank you for all the responses, gonna be doing some research on some of these and hopefully find some to add to my portfolio, thanks everyone ! +[link](https://www.cnbc.com/2020/07/08/bed-bath-beyond-bbby-reports-q1-2020-loss-200-store-closures.html) + +Bed Bath & Beyond said Wednesday its sales tumbled nearly 50% during its latest quarter, even as online sales surged more than 100% during April and May with consumers stocking up on cleaning supplies and home decor. + +The company said it plans to permanently close roughly 200 of its namesake stores over the next two years, starting later in 2020, as it works toward getting back to profitability against the backdrop of the coronavirus pandemic. As of May 30, it operated a total of 1,478 stores, including 955 Bed Bath & Beyond shops. + +Bed Bath — which also owns the chains buybuy Baby, Christmas Tree Shops and Harmon Face Values — said these actions should generate annual cost savings of between $250 million and $350 million, excluding related one-time costs. +I do not think the dividend is to kick off MOASS, I think it is only to prove of so much fuckery so Ryan can pull the shares out of the DTCC and go to their own blockchain based stock exchange. THAT is what I think will be the final catalyst to kick off MOASS. Any thoughts? +Dumping brain. Topic in subject... + +There are many stories of "if only I had double what I have now, I'd be fine" on r/fatFIRE. Even studies showing that's how comfortable people think. I've been trying to pull the trigger for a year, and it's just so hard to leave a good salary, colleagues, and psychological stability. That would have been fine, if the work I do didn't feel utterly meaningless. Both my parents worked until retirement and the idea of even just a year off is so foreign to my middle class roots. That's not how society works, I've been taught. Learn, work, short retirement, die. OTOH, I'm the first to go to university in my family, so maybe there's some causality here. Will they resent me? How do I avoid that? It's my life, but shared with others. + +I've run the numbers again. I've set a date when I'll mention to my manager that I'll leave in a month or two (European notice periods, you know). Great. But I did that planning half a year ago too. I even told him I was about to leave -- a year ago. Decided to give it more time then. The numbers still say I will be able to live more than 50 years in my VHCOL location even assuming no real investment returns. The numbers are not the problem, even though they're tangible, and comforting. I have a number and *analysis paralysis* problem. + +What if leaving work will just make me a lazy sod that does nothing? I don't want that, or what it could do to my marriage. Perhaps it's different this time. I have three very concrete projects to focus my attention on, aside from family. They've been sitting in the back of my mind and maturing to a point where I don't so much think about the "end date," but what I'll be able to do the week after. It feels like a huge difference. *Looking forward to a new start, not an ending.* + +Going back to the question of family, I don't feel like I belong anywhere anymore, except with my spouse, the only person I can share my future with. Friends are mostly at various other stages of life. There's hopefully something good in having diverse friendships, but having friends that can relate would be better. I've heard enough horror stories about sharing too much with the wrong people, so I'm picky about who I talk to about what. I'm sure that'll turn out great while drunk at some party at some point. I talk too much when I'm drunk. + +Work, or rather my impression thereof, is stupid cyclical. Some days I want to leave tomorrow because of the meaninglessness. Other days it's "I can easily do this one more month!" And my colleagues are just so damn nice. Couldn't they at least show some dislike or something? I know I'm not perfect, but they just seem to ignore the negative parts. Bastards. + +--- + +Two years ago, when I started planning this, I honestly thought pulling the trigger would be nothing but joy, and be easy. It is absolutely nothing like that for me. Is it a hedge to jump over, or a mountain I'll have to keep climbing for eternity? + +In the end, I'm just looking to be *FINE - Financially independent, not employed*. Being able to make an impact, but not hold a corporate job far longer than I should for my own good. This feels better than "recreationally employed," at least right now. + +Edit: spelling +\#1 Trending Since Launch on DEXTOOLS + +29,000+ Holders + +22,000+ Telegram Members + +$50,000,000 Market Cap + +4000 BNB Pre-Sale Sold Out in Under 10 Seconds Listed on Coin Gecko in 2 Hours + +The same way SafeMoon popularized the redistribution to holders feature we see being used today by almost all defi tokens… EverRise has a chance to do the same with their proprietary automatic buyback feature and pave the way for other tokens to implement this feature… + +The way this 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 + +Why should you invest in Everrise? + +EverRise token holders are not only benefited through static rewards but also by the Buy-Back process of the contract. As part of Buy-Back process, contract takes care of buying back some of the tokens and burn them whenever a sell happens. In a nutshell, 98% of the time, you will not see 2 sell transactions at any time and there will never be three sell transactions continuously at any time. + +​ + +This is a run never seen before. We got listed on Coingecko after just 2 hours and i'm sure the project sells for itself, just give a look to our whitepaper and you will understand what make this thing so unique. + +​ + +Telegram: [https://t.me/everriseofficial](https://t.me/everriseofficial) + +Website: [https://www.everrisecoin.com/](https://www.everrisecoin.co/) + +Chart : [https://charts.bogged.finance/?token=0xC7D43F2B51F44f09fBB8a691a0451E8FFCF36c0a](https://charts.bogged.finance/?token=0xC7D43F2B51F44f09fBB8a691a0451E8FFCF36c0a) + +Buy on PancakeSwap : [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xc7d43f2b51f44f09fbb8a691a0451e8ffcf36c0a](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x6FCd82B45784A245AE85ca31ab54cc5302999392) +Currently working at domino's as a delivery driver. I drive about 500 miles a week destroying my car. I make about 3,500 a month. I recently got a job offer that pays 20 an hour working in a doctor's office. Should I take the office job? It's only 15 minutes away and only 9 miles away. +Or any similar large hospital group? + +[https://www.palmbeachpost.com/story/business/2020/02/03/university-of-miami-opening-concierge-medical-office-on-palm-beach/112270360/](https://www.palmbeachpost.com/story/business/2020/02/03/university-of-miami-opening-concierge-medical-office-on-palm-beach/112270360/) + +&#x200B; + +[https://umiamihealth.org/en/treatments-and-services/uhealth-premier/concierge-medicine](https://umiamihealth.org/en/treatments-and-services/uhealth-premier/concierge-medicine) + +&#x200B; + +[https://www.mayoclinic.org/departments-centers/mayo-clinic-medallion/sections/overview/ovc-20462968](https://www.mayoclinic.org/departments-centers/mayo-clinic-medallion/sections/overview/ovc-20462968) + +&#x200B; + +[https://my.clevelandclinic.org/florida/departments/concierge-medicine](https://my.clevelandclinic.org/florida/departments/concierge-medicine) + +&#x200B; + +[https://stanfordhealthcare.org/medical-clinics/concierge-medicine.html](https://stanfordhealthcare.org/medical-clinics/concierge-medicine.html) +It's div yield is currently around 1,79% when I bought it it was over 3%. + +I read that this price is too high for their performance. And I could realize a huge profit? + +What should I do? +When I purchase I willing to hold it forever but when I should sell stock? + +How do you deal with stock which became less good then they were? + +Thanks! +Currently at about 13 P/E I am thinking that BP and RDSB are good buys that will give a nice dividend when things settle down. + +I am interested in your views. I don't think Tesla currently at 134 P/E is the magic solution to the worlds energy problems. + +Perhaps the future is some kind of hybrid car but oil and gas are here to stay until they run out for good, possibly in >100 years. I also predict a social backlash on low carbon and that people will get sick of subsidizing when energy prices are sky high and the alternates struggle to maintain supply. + +Your views will interest me. +Hello everyone, + +I'm a .NET developer willing to develop my own crypto screener with some TA indicators. + +I found TA-libs and TulipIndicators but .NET dlls **seem** to be pretty outdated. + +Are they genuinely outdated or is it just me ? If yes, should I try another library ? + +Thank you in advance +Second exit is approaching, will have $30m+ liquid at 40 with a requirement to continue working for 2 years at $1m salary. Will likely retire after or at least move into a part-time role. We have been considering carving out ~$1m to gift money to close friends and family to share in our good fortune. + +Has anyone done anything like this and if so how did you do it? Cash gifts? Fund 529 accounts for their kids? Pay for something they may want (car, vacation, home improvement, etc)? + +Did you do the same amount across the board? Maybe a tiered system based on relationship - siblings get X, cousins get Y, friends get Z, as an example. + +We’ve considered spreading across multiple years to stay under the $25k annual gift exclusion but don’t want to overcomplicate things either. + +Just looking for ideas + +Thanks and happy holidays +10 days ago, someone smashed my car window and stole my wallet from the center console. I immediately cancelled all my cards and filled out a police report. 7 days after cancelling my debit card, I got a call from a local branch saying they had my ID and debit card. Someone tried to make a large withdrawal from my account so the bank confiscated my ID and debit card. After reviewing my bank account, I saw that two $5,000 transactions were taken out of my savings on the same day. After calling my bank to report fraud, I was told the transactions were made "over-the-counter" so I was unable to report the fraud over the phone and had to fill out a report in person. The bank also informed me this person could still have my account number as it is printed off on withdrawal receipts. My account had not been frozen even after the bank confiscated my ID and debit card, so I had to do so myself. +Is it some sort of negligence on the banks part that they allowed someone to withdrawal money from my savings account using a debit card that was reported stolen? How can someone withdrawal money without an account number or pin number? Has anyone else had a similar experience? How long did it take to get your money back? This person basically wiped out my entire savings, and I'm afraid with masks they may never be identified. + +Update: I went in to the branch to retrieve my ID and fill out a fraud claim. Apparently some person made a $5k withdrawal at one branch, made another $5k withdrawal at a neighboring branch just one hour later, and then tried to make a third withdrawal at another branch a few hours later using the drive through window. The bank never alerted the police or put a hold on my accounts, they just confiscated the card and ID and left me a voicemail. The assistant manager I spoke to didn't know fully what happened because she wasn't there that day. + I asked to have copies of the transaction slips and I could see someone just wrote $5000 on the withdrawal slip and signed my name. In a different hand writing was the account number of my savings account. I'm assuming the person did not know my account number or pin and just went through multiple drive thrus withdrawing until they got caught. It's crazy to me that someone could withdraw $10k in cash through a drive up window without even giving the account number or a pin or answering any security questions. +Anyway, I closed my accounts with that bank and alerted the deputy of my original stolen purse claim. +In 2007, Buffet made a [one million dollar bet](http://longbets.org/362) with Ted Seides of Protege Partners that over a period of 10 years, a low cost S&P 500 index fund would deliver a better return to investors than any five hedge funds hand picked by Ted. + +The bet matures this year and [the results show](http://imgur.com/4QguHTe) that Buffet is set to win by quite a margin. + +The results indicate that in seven of the nine years, the Vanguard S&P 500 has beaten the average of all 5 hedge funds selected. The overall gain to date shows that the index fund is at least 20% clear of it's nearest competitor. + +Buffets reasoning is quite clear: + +If "passive investors" invest in index funds that track the average movement of the market- they must by definition do average. If this is true than the "active investors" (those that try to maximise their returns by investing more strategically and with less diversity) must as a whole, also be doing averagely. + +The key difference between these two groups is that the active investors are paying significantly higher fees to their fund managers. It's these fees that give the index fund the edge. Buffet has continued to advocate for low cost index funds in his [latest Berkshire Hathaway letter](http://www.berkshirehathaway.com/letters/2016ltr.pdf). + +What does r/investing think about the whole thing? Buffet isn't claiming that it's impossible to beat the market. But he mentions in his letter that it's a lot more difficult to pick the right investment managers then you think. + +This quote stuck out to me: +>“There are, of course, some skilled individuals who are highly likely to out-perform the S&P over long stretches. In my lifetime, though, I’ve identified – early on – only ten or so professionals that I expected would accomplish this feat.” + +If one of the greatest and well connected investors in history claims to only know ten or so professionals who could reliably outperform the market, what hope do the rest of us have? + +This is the test of your personal al risk tolerance. +This is the reason why they tell us to *diversify* + + +I see the attitude of investors in their comments and it is quite obvious they can’t stomach their current exposure to the market. + + +I just read a comment on another thread, * “I’m losing money by holding” * + + +No shit. And we all made a killing since 2008 by holding. This is the game. There must be downs. It is part of the process. We will profit because people will break traditional investing rules. + + + +People are saying “this time it’s different” +THATS WHAT PEOPLE SAY IN EVERY RECESSION AND BEAR MARKET. Capitalism will find a way to make it work. If it doesn’t, then none of our money means anything anyway. + + +When all this dust settles, every one of us should take the time to reflect our thoughts and most importantly actions during this time. Your actions - did you panic sell? Did you try to time the market and lose? + + +What is your personal risk tolerance? Do you fee overexposed? Do you think we are in a extremely attractive buying opportunity? What will you being saying about your actions today in 7 years? +I picked it up about 7 years ago when they started to punish people for not having it during tax returns. + +Since then, it's been used less than a handful of times. The only two major things that come to mind are an ENT related surgery for myself and the use of the private suites for when my wife gave birth to our daughter. From what I understand, both of these would have been available through public health in some fashion, albeit with a slight decrease in comfort and/or an increase in wait times. I'm not completely familiar with our public health system but from what I gather, almost everything is covered in some way? + +Other than that, there's dental, which isn't a huge deal and could have been paid for out of pocket, or out of a savings account that would have been larger without having to pay out the ass for private health every fortnight, and the occasional use of optical and physio. + +Feels like we'd be better served depositing the money directly into savings for use when required. + +Can anyone give me any real reason it's necessary? +So, I rent out a SFH and had the HVAC unit replaced last September. After it was replaced the tenants noticed some high bills starting to come in, around $300. After a few months they informed my PM about it. They had one bill nearly $1000. I had the same company go out and troubleshoot the problem; come to find out, the fan was continuously running. Even when the thermostat was turned off, it would run. After further investigation, by the tech, he noted they installed the wiring incorrectly. + +Now, I decided to reimburse the tenants $1000, credited to next months rent. They gave me the bills so I know it's legit. My question is, should I see if the HVAC company can compensate me for their faulty wiring? Or just eat the costs? Thanks! + +Edit: this is what the HVAC tech said, that fixed the unit. + +"Arrived and found fan motor running even with system in the off position. Checked wiring and found pink wire on heat kit wired to R in low voltage circuit. Corrected wiring and system is back online and operating. Also adjusted wiring at thermostat. Cycled system on and off to insure system is now wired correctly Will follow up with service manager regarding bill from electrical usage." + +Also, the unit is a "4 ton heatpump horr Trane or carrier 14 seer." + +I tried calling the HVAC company supervisor and it appears he's been at lunch all day. 😬 +Hey, + +With the promising news on COVID vaccines ans treatments instead of placing my bets into one or two companies, I was looking for a fund that includes the key players. + +Any recommendations? +Are there any ETFs with comparable exposure to these two? 0.75% expense ratio seems excessive to me and will significantly eat into returns over 15 years. +I have a good chunk of my portfolio invested in QCLN and IHI. Considering how poorly they performed last month when the bond yields were up, do you think it would be a good idea to just sell them now or should I wait longer? +Hi! Atm I'm invested in VWCE, which is an accumulation etf and I was wondering if it would be useful to add a similar etf but dividend based, even though at the moment I don't need cash flow. Maybe in the future (with a family ecc) I'll need a cash flow so do you think it's a good idea to start investing in a dividend etf now or should I wait and for now invest only in accumulation etfs? Aldo do you have any dividend etf to recommend? +I am one of those people who goes all in. I was trading 30 DTE+ options and using strict stops my strategy was utilizing strict stops and if I saw a substantial amount of profit I would sell. Secondly, I had a daily goal of $1,500, but in reality I would be okay with anything above $500. +I recently [posted on Factom](https://www.reddit.com/r/CryptoCurrency/comments/pvts9p/promising_blockchains_can_fail_factom_history/?utm_source=share&utm_medium=web2x&context=3), an often mentioned blockchain in 2017 that is now a failed blockchain. Not every blockchain that is around today will survive the next 5 years. It can be hard to see a failing blockchain because they often drop during a bear market, when everything else drops, but then do not bounce back during the next bull market. + +What "popular" blockchain do you think will reach its ATH during this bull run and not bounce back after the next bear market? (include why) + +&#x200B; + +\*\*please do not downvote everyone who comments a blockchain that you are bullish on and think they are completely wrong about +Apparently someone bought multiple Iphone XS and opened an AT&T account in my name last month. I just received a bill with past due fees and it totals over $730. + +I have T-Mobile, not AT&T. What do I do now? + +Edit 1: I called AT&T and they confirmed it was fraud. Opened through a third party service online "Enjoy". They used full social and name/address. I also called my bank and put a secret codeword on my account. I've filed a freeze with experian and equifax. I'm working on Trans-union. + +Someone mentioned police report, is this really important? What is the purpose? What else should I do? + +Edit 2: I've filled a report through Identitytheft.gov. I'm keeping records on my laptop so I can access these things later to unfreeze my accounts and such. I'll try to pull another credit report tomorrow to check for fishiness. + +Thank you for the help! + +Edit 3: I've pulled my credit report and noted about 4 hard inquiries in the past week on Equifax. With "Frontier", "Comenity", "First Premier Bank", and another. How do I proceed with these? +[https://www.bloomberg.com/news/articles/2022-05-06/every-arkk-holding-is-in-the-red-this-year-except-for-its-cash](https://www.bloomberg.com/news/articles/2022-05-06/every-arkk-holding-is-in-the-red-this-year-except-for-its-cash) + +Remember when they started an inverse ARKK ETF specifically to bet against Cathie Wood's picks? Why is this fund still attracting any serious attention? +# 1. Preface + +I [can’t](https://www.reddit.com/r/fatFIRE/comments/q7fmu1/confessions_of_a_hectomillionaire_part_3_expenses/hgix3m9/) [talk](https://www.reddit.com/r/fatFIRE/comments/q9dquj/jealous_family_feel_like_we_cant_enjoy_money/) about any of this in that amount of detail with family or friends (this [post](https://www.reddit.com/r/fatFIRE/comments/q7fmu1/confessions_of_a_hectomillionaire_part_3_expenses/) also explains it well). I consider myself lucky and would welcome guidance, opinions, relevant experience sharing and any tidbit of wisdom. I read up a number of posts on this subreddit before finally deciding to write something up myself (first post ever). Hopefully some of my summaries and self-questioning will prove useful to some of you. I look forward to your comments which will inevitably make me think and hopefully make me slowly change so I [start enjoying](https://www.reddit.com/r/fatFIRE/comments/kyv7rx/a_little_stuck/) my life a little more. + +This is a long post: if you wish, skip straight to my questions which are highlighted in bold. Whether you read everything or not, thank you for dropping by. + +# 2. Context + +$1 million was my theoretical objective when I graduated. I figured that if I made 3% net of inflation, I could live off $30K per year. My rent was less than $10K per year and I wasn’t a big spender (at all – see below). Almost 20 years later, I’ve [kept going](https://www.reddit.com/r/fatFIRE/comments/ofknqn/anyone_else_sticking_around_at_work_as_a_sort_of/) – because I’m an idiot ([lesson 12](https://www.reddit.com/r/fatFIRE/comments/pve4cl/some_lessons_from_fatfire/), “it’s never enough”, although there are valid [counter-arguments](https://www.reddit.com/r/fatFIRE/comments/nd1yxv/the_case_for_30m_as_a_fatfire_goal/)) – even as I am close to the $10m net wealth mark. All along, I came up with personal projects, some of which were aiming to generate passive income: all failed, at least from the perspective of the “passive” nature of income, as I otherwise made non-significant (<2% of NW) income from consulting on the side. + +The details about me: male, in my early forties, no children (and will not have any), long-term partner, still working in a big company as a mid-level manager. I am European and live in Europe, which means that while I will express financial details in dollars, I am mostly interested with euro-denominated investments and am not eligible for things like 401(k)s. Having worked across Europe also means that I have automatically contributed to a pension system that will be fairly generous at retirement age (mid-sixties) unless I retire early (in which case the pension will be unfavourably discounted). + +# 3. Net Worth (NW) & Income + +$10m, give or take, as mentioned above. + +Since I saw in other posts that some readers were curious how wealth gets created, here is my simple story. 94% of my savings come from my work compensation: 65% from equity that I have mostly kept over time (the value has ballooned over time, hence the outsize share) and 29% from the cash/bonus portion of my pay. The remaining 6% corresponds evenly to gifts from parents and from lucky one-off trades plus side gigs. + +Current savings allocation is 55% in stock (equity in the publicly-traded company, in USD), 45% cash (logically not invested, in EUR). + +Projection: if I don’t “urgently” change my style of thrifty-by-habit living, I’ll realistically end up with $20m by the time I die – which means, I’d have worked many years of my life for nothing. Or saying it even more bluntly, I would have paid with my life to... work in a company. + +Compensation: roughly take-home (after tax and social contributions e.g. pension) cash is around $230K per year. Depending on how the vested stock has performed, I can generally add another $100K (in equity value) after tax each year. So total net income usually oscillates around $330K each year. + +Additional non-cash non-taxed benefits (e.g. travel, telecoms, insurance, etc.) can probably be estimated at $100K per year: if I were to pay for those myself, I would probably spend an extra $20K per year (because I wouldn’t fly business, etc.). + +Mistakes: + +* Renting out my apartment when travelling – not so much for the hassle of it (once I got the hang of it, it wasn’t that difficult) but because it obviously changed virtually nothing to my wealth (<1%). + +# 4. Expenses + +I own “nothing”: no real estate, no car, no expensive furniture. I generally don’t want to deal with the [hassle of maintenance](https://www.reddit.com/r/fatFIRE/comments/q6r1ko/how_to_prepare_to_throw_money_at_home/) of anything, and I’ve been raised to live thriftily that it has become a second, [obsessive and drama-fueling](https://www.reddit.com/r/fatFIRE/comments/q5b4h1/fatfire_territory_but_still_bicker_over_money/) nature. I’ve only indulged in professional camera gear. As one gets wiser, and as others have repeatedly said in this subreddit, one realises that many enjoyable things are free. I couldn’t have said it [better](https://www.reddit.com/r/fatFIRE/comments/lfb3jv/the_overwhelming_desire_for_minimalism/): “I find it interesting that with the means to have whatever I want, I want nothing. Even thinking about buying things stresses me out from the perspective of more stuff equals more problems and clutter in my life”. + +My rent is low for the HCoL country I live in ($20K per year) and fairly well protected by legislation (this is not the US). That explains why [I don’t see the need to change or buy a property](https://www.reddit.com/r/fatFIRE/comments/q919hy/anyone_planning_to_be_a_lifelong_renter/) (don’t want to die with anything left, or as close to that as possible), especially as the location I live in is particularly pleasant at various times of the year. The rest of the time, I generally travel for work or for leisure – if I were to stop working, I would likely spend a few months in warmer, and likely LCoL, climates (where I’ve already travelled extensively to). I don’t eat out – I do it enough through business travel or when on vacation. + +I did build a detailed financial model (inspired from the book *Die With Zero*) to calculate how much I would need to spend on leisure/entertainment so I don’t die stupidly with golden teeth in a golden coffin holding gold bars in my hands. It takes into account every possible variable you can imagine, from inflation projections to health costs and the likelihood of spending less in leisure activities as I get (much) older ([lesson 9](https://www.reddit.com/r/fatFIRE/comments/pve4cl/some_lessons_from_fatfire/)). It runs multiple scenarios (different inflation rates, retiring now vs. later, etc.). The range of leisure spending spans from $10K to $30K per month across all scenarios. Even taking into account the most conservative scenario ($10K per month), I’m nowhere near that amount of spending: I’m perhaps at 10% of it (again, I’m talking about spending beyond the basic necessities) – I actually don’t track how much I spend, since it’s so little. For the sake of comparison, almost every budget line mentioned [in this comment](https://www.reddit.com/r/fatFIRE/comments/nd1yxv/the_case_for_30m_as_a_fatfire_goal/gy8mie2) is a zero (or almost) for me, save for travel, groceries, utilities and donations. + +Every time I thought of buying small properties on various continents, which I would stock up with the same clothes and little things I need, it just never made financial sense e.g. buying for $500K versus spending 2,000 nights at $250 – yes, I know, there are other pros & cons in both cases, that’s just the back-of-the-envelope comparison: don’t forget I’m not planning on dying flush with cash so keeping real estate till I die makes even less sense. + +That’s not even taking into account the fact that I usually prefer to discover new spots or anyway wouldn’t spend that long in any given area (not more than a few months per year). As to the option of storing things away in each location (for the aspect of travelling lightly), I wouldn’t bother with that so in the end, I’m still lugging my duffel bag around (not a problem yet, I am still “so” young and healthy). + +Same rationale went with possibly buying a solar-powered sailboat – laugh if you will, I’m not even sea-experienced: doesn’t make sense financially, and I can’t be bothered with maintenance. + +Take-aways from other posts and comments: + +* Go to therapy ([lesson 8](https://www.reddit.com/r/fatFIRE/comments/pve4cl/some_lessons_from_fatfire/) and [one comment](https://www.reddit.com/r/fatFIRE/comments/q5b4h1/fatfire_territory_but_still_bicker_over_money/hg4sjmw) among many) – I actually tried that, a little, can’t say it helped much, if at all, but maybe I didn’t take it seriously enough or didn’t find a way to connect with the psychologist. +* Make a [budget](https://www.reddit.com/r/fatFIRE/comments/q5b4h1/fatfire_territory_but_still_bicker_over_money/hg4arbe) for specific activities and spend up to that limit (or at least that I don’t worry about every single expense as long as I’m within budget) – although that would mean I keep track of expenses, which I don’t. +* Buy high-quality items for things I use often. +* The dichotomy between experiences and material things is a [false one](https://www.reddit.com/r/fatFIRE/comments/q7fmu1/confessions_of_a_hectomillionaire_part_3_expenses/): fatFIRE means being able to do both; some material comfort can certainly improve experiences, up to a point. +* Material things that [some](https://www.reddit.com/r/fatFIRE/comments/nnzqwz/best_way_to_spend_15k_to_improve_quality_of_life/) of you [pointed out](https://www.reddit.com/r/fatFIRE/comments/l9q1d7/what_random_luxuries_do_you_have_that_add_a_lot/): noise-cancelling headphones, cleaning services, good bed + sheets, various house upgrades (mostly applicable if owning), gym equipment + +**Questions: If you’ve been thrifty for a long period of your life, how have you managed to increase your expenses? What slightly “expensive” new experiences and material purchases have significantly improved your life?** + +# 5. Investments + +"Time in the market is more important than timing the market”. Yes, I know. And yet, I’ve never managed to follow this, probably because I’m too risk averse. While this worked historically for the S&P, the same [isn’t necessarily true](https://www.reddit.com/r/fatFIRE/comments/q00myk/folks_that_have_5m_net_worth_whats_your_wealth/hf61w3s/) on European markets. Also, if we look at the markets *right now*, I am of the opinion that the markets can’t go up much more from where they are at the moment. I could be wrong, of course – and the “stress” is probably not worth it as opposed to just investing in an index fund and be better off when it comes to long-term investments. + +With [45% of my NW in cash](https://www.reddit.com/r/fatFIRE/comments/pqsakz/7mm_total_with_52mm_of_it_in_cash_stupid_right/), I “hear” many of you screaming already: “invest half of it on an S&P 500 ETF! Invest the rest on Bitcoin!”. I hear you. I’m stuck for the reasons stated above. I mentioned above I’m European with no plans to live in the US, I thus prefer to consider euro-denominated investments. I don’t want to take into account the additional currency exchange risk when investing in other currencies. Yes, I could play with hedging and invest in “world” index funds (VTSAX? VTIAX?), but I haven’t looked much into those so maybe you can shed your own light. + +Having said what I said regarding investments in EUR, the equity I hold from the company I work for is in USD – were I to sell that stock, I would convert the proceeds into euros once the exchange rate is favourable (say when EUR/USD is below 1.10). + +With 55% of my NW in my company’s stock, I also “hear” your recommendations to diversify. Yet I have not done it till now and I got very lucky. It certainly doesn’t mean I’ll be as lucky going forward (classic but hard questions: how would I feel if the stock were to tank 50%, or would I have invested the same way had I been given cash instead?). However I still “believe” in the company’s future (products and financials), especially as I still work for it (since I never needed the money, I never felt the urge to sell any of it). I “hear” you: I could reduce my exposure to the company’s stock (“no company is eternal”). I hear you. I’m stuck. I can’t resolve myself to change that allocation yet, even though I had set a rational alert when that allocation reached 40%. I ignored it and changed it to 45%, then 50%. And here I am, at 55%. + +It’s paradoxical because I’m otherwise very disciplined on most other things in life (ethics, work, diet, etc.). Ironically I’ve only created a detailed overview of my wealth a couple of years ago. I had a rough idea till then, but never had I detailed it so thoroughly. + +Past stock investments mostly involved European big-cap market ETFs and the occasional stock-picking: banks last year, now thinking about European airlines once they have issued and diluted shares, expecting them to recover over the following years. As mentioned above, while profitable, those past trades represent very little of my NW (3%). + +I’ve already touched upon the renting vs. buying topic in my case. The apartment I live in would probably sell for close to $1m (note: I wouldn’t buy it – I like my apartment for its use, acting as a base when I come back from travels; but if I were to buy, I would be looking at a small house, something that doesn’t really exist around here). At $20K annual rent, with no children to inherit from me, and with the flexibility of moving quickly (I probably won’t, keeping my current apartment as a base), it wouldn’t seem logical to buy property in my case. The only thing that’s silly with my approach is that I’m not investing the cash I could otherwise use to buy property. Side note: I do understand the moral comfort of owning one’s own place, no matter what happens in the world. Correct me if I’m wrong or missing something on this renting/buying approach of mine. + +I’ll add a wrinkle here: [if the real estate bubble pops](https://www.reddit.com/r/fatFIRE/comments/q919hy/anyone_planning_to_be_a_lifelong_renter/hgu3sn9) in any visible way (i.e. not just inflation eroding prices, meaning the numbers would on the surface look the same), I may reconsider my thinking here, but that would purely be from an investment perspective. I’m just wondering how I would convince myself to then sell, considering the laughable indecision I’m exposing in this post (in this novel, I should say, sorry). + +In general, I have no problems with paying taxes, at least in the country where I’ve set my home base at the moment. They’re fair, even as I sometimes pay 6-digit income tax bills. + +Mistakes I’ve made: + +* Playing with leveraged ETFs until I realised the mathematical decay of those instruments: I never lost but that’s only because I got lucky or because I waited long enough. + +Take-aways: + +* [Gradually invest](https://www.reddit.com/r/fatFIRE/comments/pqsakz/7mm_total_with_52mm_of_it_in_cash_stupid_right/hdejr1l/) some of the cash portion over the next months… not trying to time the market, waiting for a hypothetical crash, even if I [stupidly](https://www.reddit.com/r/fatFIRE/comments/pqsakz/7mm_total_with_52mm_of_it_in_cash_stupid_right/hdeybas/) can't get rid of my mind that it's inevitable. + +**Questions: any advice on investment allocation and how to stick to well-proven strategies? Any specific advice for investing on European markets and/or with EUR? Or would you recommend a “world” index fund?** + +# 6. Work + +I’m conscious that all jobs are trade-offs, especially if you’re not the founder/CEO: there are good things, there are bad things, and there are ugly things. How much one is willing to sacrifice their life for that mix and for money is up to anyone. I have some friendly colleagues, a useless manager who just won’t go away, and work that I know at the tip of my fingers. I’ve reached a glass ceiling as a mid-level manager and I have mixed feelings when it comes to considering moving teams/companies because I’m not sure I’m in the corporate mindset anymore. I know I can do more but [do I still want to](https://www.reddit.com/r/fatFIRE/comments/nhfr1u/anyone_else_not_take_their_job_seriously/)? I’ve been working more than a decade in the same company, I could jump ship – for more money and for no longer having to see some of the faces around me (which I thankfully see less of, “thank you” covid I guess) – but do I want to rebuild relationships, do I want to go through some other corporate political BS and come to dislike yet-to-meet sycophants and other conniving individuals? I really don’t know. I’m cynical but note that I don’t judge everyone through that lens, simply “some” of them, but they’re enough to make me occasionally feel sick in the stomach. + +I timed myself to see how much time I’m really working lately: about 20 hours per week, in meetings, emails, project work – I’m excluding all breaks, including alt-tabbing to reading news, that silly addiction that changes nothing to my daily life. Despite being perceived as a “high performer”, I’ve never completely let go of the impostor syndrome. For sure the fact that there is little accountability and little discipline around me doesn't help in reducing this feeling of guilt (that I could do more). I also sit in a corner of the organisation that’s quite safe from being dismantled (one never knows of course, but I’ve learned to read things over time). + +I’m liked by my teams, as per anonymous surveys but that doesn’t really matter, does it? As others have mentioned (see the paragraph on [the loss of status](https://www.reddit.com/r/fatFIRE/comments/pyqf2a/confessions_of_a_hectomillionaire_part_1/)), they will forget me as soon as I’m gone. I’ve experienced it before already, I accept that as a fact of life. Only very few genuine, caring individuals will stay in touch and become friends. + +I travel about half of the time (not forced for the vast part). My reputation is good enough that I never had to justify where I’m travelling to but, impostor syndrome being at play, I don’t know if I would dare working even just one month from another location if not justified for work reasons. Or I could risk it until I get [fired](https://www.reddit.com/r/fatFIRE/comments/q0unlg/how_were_you_able_to_walk_away_from_a_high_salary/hfbaaiy/), if that were to even happen. [Cruising](https://www.reddit.com/r/fatFIRE/comments/mke96k/homeoffice_as_a_svp_how_to_appear_hard_working/) – even more than I do now, although I'm still adding work to myself – could be another way to possibly get fired (not even sure) but it's not really my personality type. + +If I go by [these rules of thumb](https://www.reddit.com/r/fatFIRE/comments/q0unlg/how_were_you_able_to_walk_away_from_a_high_salary/hfc82aq/) (quitting when compensation < 10% of NW once one’s fatFIRE number is reached and once fed up with the job) then I should have quit a few years ago already. In addition of the money being “good” (although is it, considering those rules of thumb?), I’m held back by the prospect of losing my other investment: contribution to pension, that I’ve automatically made over the years (no way of escaping as an employee), which would be severely reduced if retiring early. That’s partly why I had been thinking of getting any form of minimal employment, or even self-employment (and ideally passive income), to not lose out on pension rights i.e. contributing the minimum possible. It may seem far-fetched but I view past pension contributions just like any other investment, with the big difference that I’m perhaps falling for the sunken-cost fallacy. + +Mistakes: + +* Having worked late hours for many years earlier in my career – but then it probably helped me get to where I am today +* Volunteering way too often to take on more work, although I've recently started to cut down on this +* A likely mistake? Staying in a job (now) that provides uneven intellectual stimulation and no more career progression, because the money is “too good”: yes, that means I’m “paying with my life” to get that extra cash that I probably don’t need. But it’s [not all bad](https://www.reddit.com/r/fatFIRE/comments/kx3det/i_made_10m_in_an_ipo_from_a_tech_startup_i_worked/gj8exs1/) either: some few colleagues are friends, some interactions are worthwhile, and I’m not “selling” something I don’t believe is actually good/useful. + +Take-aways: + +* Focus on my personal things first thing in the morning before jumping on my work – I fail though, almost every time. I would possibly like to “lay low” or “cruise” but it’s not really my style. As mentioned above, I already realistically work less than 20 hours per week. The irony is that I’m probably more productive overall than most of my peers – although that’s perhaps because they work even less (yes, it’s that bad) and I’m just not very smart! +* Work from other locations – not sure how much I’ll dare. +* Work part-time, as in officially, so I could gradually adjust to a new life ([lesson 4](https://www.reddit.com/r/fatFIRE/comments/pve4cl/some_lessons_from_fatfire/)) but since I unofficially already work less than 20 hours each week, I feel I’d be pretty dumb to accept a 50% pay cut to do what I’m already doing. + +**Questions: have you managed to “cruise” after relinquishing your ambition? Did working part time or taking a sabbatical help in opening your eyes? How has the new mode of working from home/anywhere affected your thinking on that front?** + +# 7. Hobbies / Personal Projects + +I like to think about quitting not as running away *from* something but going [*towards*](https://www.reddit.com/r/fatFIRE/comments/k9szyd/early_20s_exit_at_10m_burned_out_dont_know_what/gf66qfp/) something. I wouldn’t get bored in retirement though, I have enough things I’m doing now on the side that I can easily expand them to “fill the hours”. As mentioned above, I used to – and still do – come up with projects that aim to generate money: not necessarily passively, but they’re “fun” projects (to me), stimulating me intellectually. But the existential question increasingly looms over me every time: does it really matter, especially when I don’t need the money? Why not just do the other things I enjoy instead? Or perhaps it’s because I’m a dilettante, requiring “a bit of everything”. + +What I already do and could do more of, while being a “time millionaire”, unsure if it will help me being happy/happier but happiness is perhaps the [journey](https://www.reddit.com/r/fatFIRE/comments/q7sgpm/comment/hgm64c9/) along those vectors: + +* Volunteering at a charity and coaching others for free +* Reading and writing, especially travel anecdotes and stories so I get to enjoy a second time the photos I have taken +* Travelling: I’ve been on all continents but there are always new things to discover. I don’t need to have been “everywhere”, I gradually enjoy coming back to some of the same locations, learning to appreciate simply being alive and noticing the details of my surroundings. +* Playing music +* Playing sports and generally spend as much time outdoors as possible (in sunny/pleasant conditions – it doesn’t have to be the beach all the time) +* Seeing family and friends +* Coming to terms with striking off most of the dozens of personal fun/business projects on the side, whether because I finally get my stupid brain to understand I will never do any of them well in [my limited lifetime](https://www.reddit.com/r/fatFIRE/comments/n1vyvd/mild_case_of_depression_after_reaching_fatfire/) or because I just can’t find the relevant partners for some of them. + +Risks I foresee: + +* Partner will likely be unable to retire right away – besides us having somewhat different interests, but when feelings are present, it complicates everything. +* Friends/family will still be working: they may resent me and certainly won’t have as much time to spend with me as much as I’d want to spend time with them (e.g. for playing sports). +* Reading books will keep making me want to implement new ideas with my teams at work – I could repurpose those ideas in other ways (volunteering) but it won’t be the same in terms of access to resources. In other words: [regrets](https://www.reddit.com/r/fatFIRE/comments/kyv7rx/a_little_stuck/gjiwrdt/)... that will exist no matter what I decide to do. + +**Questions: what is something you took up that improved your life? What did you not expect, in good or bad ways, upon retiring?** + +Thank you for having taken the time to read – and thank you for any comment you leave. Before you ask, I can make you some breakfast. +I have been working at a company for 3.5 years now. I make $19.25 an hour. + +I just found out that the new hire make $24.50 an hour. + +I'm not being a jerk, but I do much, much more than most people in the office. + +We just concluded our annual reviews, but the wage increases are still being determined. + +How do I firmly yet understandably demand a significant wage increase to make that much without giving away that person's name or specific wage? +I suppose this question is mostly aimed at those who worked long hour, high stress, high risk/reward careers to make it to fatFIRE. + +For some personal context, I (29M) am preparing to assume full ownership of the S-Corp that has been the source of my family's moderate wealth for a few generations. The transfer of the family business from my father to me is set to occur at the end of 2020. I've made it a point to check the right boxes in preparing for the generational business transition - I have an advanced degree in the company's specific business field, I worked for other companies early in my career to get outside experience in the industry before taking an executive role in the family business, and I have been working my ass off to get as much experience as possible in the business prior to the impending ownership transition - I effectively run it now. I have the respect of my management team and all are on board with and ready for the transition. + +Historical business performance is no guarantor of future success, but the business's average yearly profit (which, as an S-Corp, goes to my personal bottom line) after taxes is 7 figures on top of a comfortable annual salary (I live in a LCOL area, so money goes far). On paper, I am walking into a situation that many would kill for. + +Here is the plot twist: the field in which I have chosen to work tends to be cutthroat, intensely stressful, and requires significant work hours - and this is applicable for non-business owners in the field. Running a successful business in any field is tough; running a successful business in a highly competitive field is extra-tough. + +I am married with a young child, and both wife and daughter are the lights of my life. Due to work stress and hours, the past couple years have been tough on my marriage and have taken away from my ability to be the father I want to be to my daughter. My marriage is still solid and my daughter and I do have a special connection, but I've had to accept that the most important relationships of my life are not as easy to maintain as they once were and will continue to suffer somewhat due to aforementioned hours and constant business pressure I have chosen to accept. It is my choice to be where I am in life, but I do find myself envying my peers who work 40 hour weeks and have every weekend off with their families even though their net worth ceilings are significantly lower than mine. + +Despite my opportunity, I go through periods where I want to hit the proverbial "eject" button and work a "normal" job again, and then I feel guilty/crazy for thinking about giving up the opportunity of a lifetime. I was at a low point a year ago when I accepted and then canceled a couple interviews for low hour/low stress positions that would give me work-life balance with a comfortable salary and modest pension. + +My family is intentionally discreetly wealthy (at least in terms of its net worth), and I aspire to fit this mold. Neither my wife nor I crave extravagance, so the whole point of wealth generation for us is to create a comfortable retirement nest egg, quietly travel as we please, and provide for our kids (and any future grandkids) the kinds of opportunities that I was provided by my parents and grandparents. + +Conversely, we could be perfectly comfortable if I worked a "normal" job and still set up future family members for success with a combination of normal job earnings and inheritance money. In this scenario my retirement date would be further in the future, but the path to retirement would be much more leisurely/normal. + +I get that the above paragraph may seem ridiculous in light of the significant opportunity in my immediate future, but I suspect many of you who have walked in my shoes know the internal conflict I am feeling. I make it a point to explain to my close friends who know my personal situation that the path I am taking is not full of sunshine and rainbows. Choosing to pursue wealth at the expense of physical/emotional health and deeply important personal relationships is somewhat dubious - and I have seen firsthand that this is often the cost of accruing wealth, at least to some extent. + +My specific situation differs from many of those in the fatFIRE community, but the overall equation of Business Opportunity + Long Hours + High Stress Work + Near-Mid Term Personal/Relational Sacrifices = potential for fatFIRE holds true. I would love to gain some insight from those who have "made it" - was/is the end worth what the journey took from you? What kept you going? Any regrets? What would you do differently if you started the process over? + +Thanks for the read. + +Edit 1: A sincere thank-you to all for the great replies and discussions to date. You all are a thoughtful lot. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned. +TYR (Tyro) caught my eye recently and I've been working through my personal DD today. For those not familiar, Tyro does point of sale terminals and small business banking services in the Australian market. They are in 5th place after the big 4 in the sector and have been growing at about 25% for 4 to 5 years. + +The company listed on the ASX in Jan 2020 and as of today has a market cap of $1.76B with about 499M shares at $3.50 per. They dropped to about $1 flat in March but have since recovered, and have traded as high as $4.49 shortly after listing. + +My work today has been primarily based on the 2019 Annual report and the 2020 HY update, particularly the financials. I'll use approximate round figures in the following sections to keep things simple, but you can look up the actual numbers if you want. + +So, the 2019 report has four years of figures going back to 2016, and we can make some projection for 2020 based on the HY report and Tyro's continued publishing of trading updates in recent times. It looks like they might not hit their 25% growth this year but they will still grow, and I will give them the benefit of the doubt by just doubling the half year results to get approximate 2020 numbers. + +These numbers show that TYR has been losing increasing amounts of money every year for five years as they grow (which isn't by itself a problem, but we'll get to that). Below are the most important figures, rounded off. I've rolled some things up and I had to do a little jiggery-pokery with things like 'total expense' because they aren't actually listed in the report, but the numbers are close enough. + +**Operating Financials 16 / 17 / 18 / 19 / 20 (~2*hy)** + +Revenue: 96M, 120M, 148M, 189M, ~ 234 + +‘Direct’ Expense: 49M, 64M, 79M, 106M, ~134 + +'Operating' (Other) Expense: 49M, 73M, 87M, 103M, ~134M + +Total Expenses: 96.7M, 134.8M, 165.1M, 207.5M, ~268M (after tax) + +Profit/Loss: -0.7M, -14.8M, -17.1M, -18.5M, ~ -34-38M (after tax) + +**Assets 16 / 17 / 18 / 19 / 20(hy)** + +Cash: 82M, 24M, 28.5M, 24M, 106M + +Other Current Assets: 39M, 70M, 42M, 53M, 94M + +Non Current Assets: 21M, 45M, 68M, 71M, 77.8M + +Total Liabilities: 12M, 20M, 32M, 55.5M, 75M + +Net Assets: 128M, 119.3M, 106.7M, 93M, 202M + +The things I most want to draw your attention to are the growth trajectories in revenue and expenses and the changes in cash position. + +First, you need to understand the two expense categories. The 'direct expense' (the term used in the reports) is the costs directly attributable to generating revenue. The 'other expense' category (the reports use 'operating expense) is everything else and in this case includes staff costs, marketing, contractors, depreciation, costs related to the IPO etc. For some companies as they grow the cost of generating revenue also grows in sort of a fixed ratio, but they outgrow their 'other expense' category (or it grows at a slower rate) and they start generating a profit. In the case of Tyro both expense categories have been growing at steady rates, there is no 'outgrowing your overheads' effect in evidence. This is basically the effect I was looking for when I started the DD in the first place. + +Revenue has been growing at about 25% YOY, Direct Expense at about 30% (but it is only half the size of revenue), and Other Expense at about 20% (for recurrent cost elements). The problem is that if you assume these growth rates continue into the out-years there is *no path to profitability*. They will lose more money this year than last year, then more money the year after, etc. + +This scenario is unrealistic, there no basis to assume that these growth rates will stay the same. However the fact remains that Tyro needs to massively change the ratio between revenue and operating/other expense in order to turn a profit. They can't really improve on the direct expense side as far as I can tell, and in fact their revenue to direct expense ratio has been compressing. + +Now take a gander at the cash position. The cash figure was getting pretty small compared to the annual loss figure in 2019 just prior to the IPO, then the IPO drastically improved the situation. It looks to me like Tyro *had* to raise money somehow as of 2019 to continue operating without running dry, and an IPO was the way they chose. This also allows them to continue growing, but if it hadn't been an IPO they would have had to take on debt or slash costs. You do have to take the other current assets into account to some degree, but those assets are not necessarily free to be treated like cash. + +Tyro's strategy is to continue revenue growth through market share and expansion into new product lines. You can find this in their prospectus and it makes sense. They have about 5% of the payment terminals and process about 3% of total CC payments in Australia, so there is room to grow, though it is surprisingly difficult to find this information (it requires wading through lots of noise). They have also been steadily growing their merchant banking services such as loans, deposits and accounts. I can see them continuing their revenue growth for a few years yet, even with COVID, but it all comes back to that 'Operating Expense' line on the financials. If the company is going to generate free cash it needs to stabilize operating costs at some point. If this is something that has been discussed in the company's publications, I've yet to see it. If it is there but it certainly isn't highlighted. + +If I run projections at the current growth rates the company blows through it's remaining cash in 2-3 years, just like it did before the IPO. Look at the valuation near the top of this post. It is $1.5B in excess of net assets. That is the risk weighted valuation of future cash flow to current owners. Even if Tyro somehow constrains the rate of growth of operating expense *while* maintaining revenue growth and starts turning a profit in 2-4 years, there is no realistic way I can justify that valuation. They would need to do better than a 10% growth in operating expense next year and every year thereafter to turn a profit before they burn through their cash, but still that wouldn't be enough to deliver the size of cashflow needed to justify the valuation. For that, I'm guesstimating they need to maintain revenue growth for 8 years while cutting operating cost growth to less than 5% YOY. (This would put their market share on par with the big 4 at the end of that 8 years). + +Obviously this is all crystal ball gazing, but it provides a rough gauge for what the market needs from the company to justify it's valuation. I just don't see it happening that way. I will note that I would reconsider this position at the $1 valuation from March, *if* there were signs that the company was working on those operating costs. As a parting shot can I just say how bloody useless and misleading the 'gross profit' and EBITDA statements in the TYR reports and prospectus are? No, company, you did not make money, you lost money. + +Maybe I'm wrong, maybe I just don't understand the sector, maybe the CEO had an interview where they outlined a plan to cap costs. Educate me. Otherwise take from this what you will, personally, I won't be touching Tyro with a 10 foot pole. + +**TLDR:** Company burn cash faster than company make cash. Company has no plan to change what doing. Company bad. +So, I’ve watched the hysteria surrounding lithium like a true cuck and haven’t bought a single share. I remember suggesting LKE to a mate of mine as an idea for us to jump in on back in February (I’ve checked the date in messages) and yet here I am today, still without a share - yes, my Wife’s out with her boyfriend hence me being able to write this novel. + +I’m after some genuine reasoning why, or why not to jump on at what feels like a late stage. I’ve done my own research before some boomer from HC jumps on my post with a “DYOR” “Gltah” “Tree Shakeout” BS, and can see the outlandish potential Lake has with Katchi. + +There’s a 45 page document on Lake’s website suggesting the potential for a target SP upwards of $6.50 by by mid-2025 and that has my FOMO juices flowing because I’d still be well in the money if that eventuates. + +I understand the Lithium supply demand thesis over the next 10 years too. + +TLDR; I’m a dumb fuck who’s missed the boat (thus far) on LKE and all other things lithium. Reason with me where this trains headed/what hurdles derail the train +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) + + +Sauce:[https://www.bloomberg.com/news/articles/2020-12-24/china-launches-probe-into-alibaba-over-monopoly-allegations](https://www.bloomberg.com/news/articles/2020-12-24/china-launches-probe-into-alibaba-over-monopoly-allegations) + +My guess as a Chinese, only my thought not investment advice: typical fighting among "nobles", won't affect a lot, probably after a month everything will be fine, Alibaba won't get any kind of real punishment, only to decide the ones who get more cake under the table. Good chance to make decent 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. + +*** + + 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! + +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. + May 23, 2022 + +GRAPEVINE, Texas--(BUSINESS WIRE)--May 23, 2022-- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced it has launched its digital asset wallet to allow gamers and others to store, send, receive and use cryptocurrencies and non-fungible tokens (“NFTs”) across decentralized apps without having to leave their web browsers. The GameStop Wallet is a self-custodial Ethereum wallet. The wallet extension, which can be downloaded from the [Chrome Web Store](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fchrome.google.com%2Fwebstore%2Fdetail%2Fgamestop-wallet%2Fpkkjjapmlcncipeecdmlhaipahfdphkd&esheet=52727257&newsitemid=20220523005360&lan=en-US&anchor=Chrome+Web+Store&index=1&md5=6520ad5a23cbc5c18d6f9ec6fdf52980), will also enable transactions on GameStop’s NFT marketplace, which is expected to launch in the second quarter of the Company’s fiscal year. Learn more about GameStop’s wallet by visiting [https://wallet.gamestop.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwallet.gamestop.com&esheet=52727257&newsitemid=20220523005360&lan=en-US&anchor=https%3A%2F%2Fwallet.gamestop.com&index=2&md5=80dcf035e7cc67638f5a8b7a63699617). + +**CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS - SAFE HARBOR** + +This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally, including statements about the Company’s NFT marketplace and digital asset wallet, include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” “when,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the SEC including, but not limited to, the Company’s Annual Report on Form 10-K for the fiscal year ended January 29, 2021, filed with the SEC on March 17, 2022. All filings are available at [www.sec.gov](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=52727257&newsitemid=20220523005360&lan=en-US&anchor=www.sec.gov&index=3&md5=26d736755e4ee16961fcb8b4827b0c6b) and on the Company’s website at [www.GameStop.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.GameStop.com&esheet=52727257&newsitemid=20220523005360&lan=en-US&anchor=www.GameStop.com&index=4&md5=8418da18bb3695cd1b6527e4701db016). + +View source version on [businesswire.com](http://businesswire.com/): [https://www.businesswire.com/news/home/20220523005360/en/](https://www.businesswire.com/news/home/20220523005360/en/) + +GameStop Corp. Investor Relations +(817) 424-2001 +[ir@gamestop.com](mailto:ir@gamestop.com) + +Source: GameStop Corp. +How much can you face mentally, emotionally and financially when the stock market finally crashes? + +I have survived, just barely, two major stock market crashes. 2000-2003 and 2007-2009. As my investments fell almost every day, I had panic attacks and did not sleep well. I was down hundreds of thousands of dollars. I lost more money some weeks than a year of contributions to my 401k plan when I was younger. I felt sick to my stomach. + +The 2007-2009 bear market and general financial crisis was even tougher because the media was reporting a possible 1930s type depression where the stock market could of dropped 80% or more. By early 2009, the market had already dropped 55% and there was no talk about get finally bottoming out. (We did not know at the time that in March 2009 it would start going back up and increase 400% percent.) Many of my friends thought it would go to near 0 and bailed out at the bottom and put the money they had left over in cash. + +So...Are you prepared mentally and financially for the next bear market? + +&#x200B; +Just sharing a story from today for those that might have an idea to game the system like I flirted with a few months back. + +&#x200B; + +I had a representative from the bank come by today to verify that I was occupying one of the units of a duplex I purchased 7 months ago. He asked if I was the owner, I said yes and he proceeded to take a picture of the living room as proof that he made the visit. + +&#x200B; + +I had done tons of research prior to buying this duplex and found that the banks NEVER check to make sure you moved in. Those that warned my said that they had never heard of someone getting caught. Let this be your warning. I was sooo close to not moving in here or moving out early several times in these past 7 months, good thing I decided to be a law abiding citizen. +I'm a 30-year old male who has been living with my 34-year old girlfriend for the past almost 5 years. We do not have any children, but she has one, a daughter, from her previous relationship. A lot of the time, her daughter is at my girlfriends parents house. She sleeps there a bunch and everything. + +The first couple years or so that I was with my girlfriend, things were pretty good. Not great, but nothing insane. Over the past couple of years, we started arguing a lot. At first they were typical fights that most couples probably have. But after awhile they started escalating, and happening over the absolute most ridiculous things. + +I have never in my life been violent with a woman. I've never even been in a fight with a guy. But as our fights started getting worse, my girlfriend started pushing and hitting me in the chest. She eventually took a swing at my face. It got worse and worse, to the point where she would start throwing things (plates, plants, video game controllers, eating utensils, full cans of soda or whatever, anything she could find). + +She became so violent that I started to fear for my safety. I've lived with her, with that fear, for probably about the last year or so. + +Due to a combination of a lot of things (I initially lost my job because of covid, then I had a health scare) I haven't worked in awhile, so she has been bringing home the income. I've basically had to rely on her to get by. + +Today when she went to work, I packed a duffel bag with some very bare necessities, some clothes, and I left and took a bus into the city. + +She's probably just finding out now. She also knows all of my online screen names and all of that stuff, which is why I'm doing this anonymously. + +I have, to be blunt, nothing. I have no money, no food, nowhere to go (my whole family, parents, grandparents, are dead, and I'm an only child), and I don't know where I'm going. I've been sitting on a park bench for hours, trying to figure out what I'm going to do. + +For anybody who has ever been in the position of being homeless, with no support, no sustenance, no whatever or anything, what did you do??? Where do I go??? What are some tips for living in poverty??? + +I know that's a lot to read but if anybody has been in this position I could use some words of wisdom right now + +*EDIT* - I'm grateful to you guys and girls for all of the info, phone numbers, well wishes, etc. I'm not really sure what I should do right now. I have doubts creeping in that I did the right thing; even if my girlfriend wanted to kill me, won't being on the street put me at risk of being killed, also??? Genuine question. So I'm not really sure what to do. Also have to take into account the fact that I legitimately have, like, nothing, and nobody. Having a hard time finding a DV shelter that will help me. + +*2nd EDIT* - Again, I appreciate the support and info and advice people have given me. It means a ton to me. I'm sorry I can't reply to everybody. I'm reading everything though. + +*3rd EDIT, the next day* - I was able to figure out a place to sleep last night. I may have a place for one more night; after that, I'm not sure what I'm going to do. Perhaps not surprisingly, I've talked to two different domestic violence resources. One said that they are primarily focused on women, and directed me to a regular shelter. Said maybe they could help. The second one gave me a few more numbers and things that they said I should try calling. + +I'm not really sure what to do at this point. Which is worse/more dangerous?? Doing what I'm doing, or turning around and going back to my girlfriend?? Genuine question. My mind is so scrambled and I can't even think straight. +Hi Theta Gang, this is going to be a long and somewhat cathartic post, so if you keep scrolling I won't blame you. That said, I think transparency and honesty is always important with your trades, and after a week like last week it's good to step back and see the big picture, so here's some things I learned playing $GME and losing $5K, or about 20% of my portfolio. If you've been in the game long enough, none of this will be new, but for the new influx of TG players I hope this is useful to you. + +Some background: Like many of you, I got into trading/investing because of the pandemic. Working from home and bored, I found WSB and RobinHood, and after losing a few grand buying puts *immediately after* the big crash, I found Theta Gang, and have never looked back since. Returns in 2020 were about 33% - nothing spectacular during a bull market, but I was also learning the ropes, and got my account to $25K. I keep an options journal [here](https://www.thetagang.com/hispanicatthedisco), though most of my gains came from holding and selling tech stocks. + +**1.) Stick to your rules - always.** I set a rule to never dump more than 20% of my portfolio into risky plays, and during the GME hype, it's the ONLY thing that saved me. It was the difference of losing a few months of gains versus blowing up everything I've worked for so far. + +**2.) The hardest part of trading isn't understanding diagonal spreads or reading SEC filings, it's learning to manage your emotions.** Waking up and seeing a sea of red in your portfolio is brutal. I was distracted from work, and sleep was hard to come by. But losses *will* happen, maybe not as large-scale as our WSB brethren, but enough to hurt. IF you can stomach the roller coaster and come out on top, that's half the battle. + +**3.) Even when you're right you can lose.** This one's not just about GME. Time and time again, I see blowout earnings reports, and the stock down after-hours. Profit-taking, unmet expectations, whatever. A thesis can be rock solid, and be completely wrong at the same time. + +**4.) Echo chambers are dangerous.** You'll always find some article, DD, or analyst that will confirm your bias. Until they return to their regularly scheduled programming, WSB will likely remain a virtual bubble, and I don't blame them. If I was down $1 million, I'd want to believe too. But hearing the other side, the flaws in your thesis, will keep your head out of the clouds. + +**5.) The Market Makers play dirty, and there are forces at play traders will never see.** Personally, I think hedge funds are a dying breed. As financial literacy increases, less trust is being placed in these institutions, and brokerages (yes, like RobinHood) are creating a generation of investors that *fundamentally* behave differently, thanks to the fast, free flow of information and stocks being as easy to order as tacos on Postmates. There's no going back. Still, I said *dying*, not *dead.* Big firms and banks still hold a lot of money, and will pull and move the market to their will because *that's their literal job*. It's not transparent, fair, or ethical, but for now that's how the game is played. + +Lastly, I'll say - Gains are only a means to an end. I was planning on using some of my GME gains (all gone now) on buying a nice dress for my gf. Yet, this weekend when I visited her for the first time in weeks, I was glued to my phone checking Reddit, looking at futures, and doom-scrolling through Twitter. The irony is almost too much. + +I'm taking a small break from the market just to decompress and recover sanity, and I'd encourage anyone in a similar boat to do the same. +Remember those deep OTM $GME Puts that Brazil made so famous last year ... the ones that make absolutely no sense unless they are being used to paper over "shares sold but not yet purchased" or some other b.s. ... well, they keep growing. + +[On April 14, there were 87,534 $22 strike \(and under\) OI puts on $GME ... 46,898 at $2 or less ... who thinks $GME is going to less than $2? Abso-fucking-lutely no one. It's fuckery, I tell you.](https://preview.redd.it/v4v6u0g22jy81.png?width=2192&format=png&auto=webp&s=17065f6920933307c01fe97ec13e763b385de439) + +[And today, May 9, there are now 95,904 $22 strike \(and under\) OI Puts on $GME, an increase of 8,370 \(representing 837,000 shares\). This huge increase occurred in only 16 trading days. The $2 and under puts have increased to 55,028, an increase of 8,130 \(representing 813,000 shares\).](https://preview.redd.it/pchk5lwn2jy81.png?width=1886&format=png&auto=webp&s=3cc09ce97fb17ea6874c87d854d572c9de292ff6) + +u/criand and u/atobitt ... any new theories??? Or same old shit, different year? I wonder if there is a connection if these numbers going up when we see 100% utilization ... +Hello folks. I am writing a python code to spot abritrage opportunities in crypto exchanges. So, given the pairs BTC/USD, ETH/BTC, ETH/USD in one exchange, I want to buy BTC for USD, then ETH for BTC, and then sell ETH for USD when some conditions are met (i.e. profit is positive after fees). + +I am trying to shorten the time between getting data of the orderbooks and calculate the PnL of the arbitrage. Right now, I am just sending three async API requests of the orderbook and then I compute efficiently the PnL. I want to be faster. + +I was thinking to write a separate script that connects to a websocket server and a database that is used to store the orderbook data. Then I would use my arbitrage script to connect to the database and analyze the most recent data. Do you think this would be a good way to go? Would you use a database or what else? If you would use a database, which one would you recommend? + +The point is that I need to compute three average buy/sell prices from the orderbooks, trying to be as fast as possible, since the orderbook changes very frequently. If I submit three async API requests of the orderbook, I still think there is some room for latency. That's why I was thinking to run a separate script, but I am wondering whether storing/reading data in a database would take more time than just getting data from API requests. What is your opinion on this? + +**I know that the profits may be low and the risk is high due to latency - I don't care. I am considering it as a project to work on to learn as much stuff as possible** + +&#x200B; + +**EDIT - For all of those who keep downvoting my comments: I don't care. Just deal with the fact that not everyone wants to become rich. The fact that this post has such useful and complete answers (right at the point) means that the question here is well-posed.** +could you please explain to me which statistical techniques have signal processing in common with algo trading? + +I'd like to read a few topics. Can you tell me the names of the topics to search on google? + + I thought of this thing thinking about Reinasence hedge fund that does 5% per year no matter what recession or not +Hey y'all. 39 yo male with beautiful wife and 3 kids in MCOL. I'm an optimist and very grateful with my life, knowing I've made it beyond my thought of a "successful" person in terms of salary and NW. I've always been responsible, with finances, with relationships, with career development, with family. +However, I'm near over the hill and have this gnawing feeling of doing something a bit (and I stress just a bit) impulsive, irresponsible- seems like a MINI midlife crisis to me. My understanding is that this is normal and can last anywhere from 6 months to 2 years. Thought I'd ask the sub if there were any small impulse buys that any of you did around this age. I'm not talking about a new house or lambo, but something awesome, memorable until this feeling goes away. + +Note that I'm talking to a therapist about this, but also looking at indulging or doing something impulsive. Not anything that will derail my life, but something different. Also wife is a few years older and she's similar to me and has a similar feeling. Is it COVID fatigue? How'd you get over it? +I thought I’d share something I’ve been thinking about lately, which is a slightly different perspective on the downsides of working a full time job. Many posts on this subject are focused on FIRE as a way of regaining control over your time. While I do spend a lot of time working, I find the biggest personal cost is actually the degree to which my job uses up my energy. In fact, I would say that I am often living in *energy poverty*. + +As an analogy to financial poverty, I think this terminology is quite fitting for my situation. Someone in financial poverty might have enough money for food and shelter, but they’re living paycheck to paycheck. Anything that might be a small inconvenience for a middle class person can be a real crisis. Get a flat tire, and they may miss the next rent payment. Need to see the doctor and they might have to go into credit card debt to get groceries. My energy level feels the same way. I can sustain things just barely, but if some issue comes up at work or home that requires more of my energy, there’s no “emergency fund” to pull from. I start borrowing energy that would have gone into relationships, exercise, planning for the future, or other things that are essential in the long term. And much like financial debt, once energy is taken from those things, it requires even more to get them back to where they need to be. This can cause a downward spiral of energy debt that can be tough to claw back out of. I’m curious if anyone else has thought about the cost of working in a similar frame. + +And just to clarify, I actually like my job quite a bit relative to other jobs I could work. I think the issue is much less about my specific job, and much more about my own temperament. I wouldn’t expect to feel significantly different in any other job in my industry. +**Don’t feel like reading? Take a quick look to visually understand our new and innovative “Pump-N-Burn” mechanic.**  + + ([https://imgur.com/a/6swubWX](https://imgur.com/a/6swubWX)). + +# Sorry to disappoint you: No dog breed name, no rocket/lambo spamming. + +We're a different kind of anti-coin, and we're rocking 100% honesty and transparency. + +**1) First, because you need to do your due diligence:** + +* We registered a company in Utah, USA: Useless Crypto, LLC. Feel free to look us up under Utah's official business registration site ([https://secure.utah.gov/bes](https://secure.utah.gov/bes)). +* No anonymous team. All six core team members, faces, names, and LinkedIn, are publicly identified on our website ([https://uselesscrypto.com/](https://uselesscrypto.com/)). +* We also appear live, weekly, on Twitch ([https://twitch.tv/uselesscrypto](https://twitch.tv/uselesscrypto)). +* Contract is owned by a multi-signature safe, where 4/6 of the doxxed corporate directors are required to sign each transaction and contract interaction. +* LP is locked. The website has the DxLock token locker links (make sure you're connected to the blockchain first, or DxLock token lockers sometime bug out). + +**2) The company is treated like a startup, with a focus on generating revenue:** + +* A simple, easy-to-use mobile-app ecosystem for charting, portfolio management, whale-tracking, and security ranking — with revenue from listing fees, advertising, and partnerships. - Powerful distributed applications (dApps) for tokenomics bypass and arbitrage trading — with revenue from transaction fees. +* Useless merchandise ([https://merch.uselesscrypto.com/](https://merch.uselesscrypto.com/)) + +**3) This is where the magic happens:** + +* once the revenue streams are established, we take 100% of the profit and inject it directly back into the token. +* This happens through buyback and burn, or liquidity injection. +* This process is automated via a proprietary "furnace" smart contract. +* The beautiful part about this model is that this token does not rely solely on holders for its success. + +**4) We are building the first LP-stabilized token.** + +* If liquidity is too low, the smart contract uses corporation profits to inject liquidity. +* If liquidity is too high, the smart contract uses corporation profits to purchase tokens and burn them. +* This will help keep our token liquidity at a desired percent of tokens in circulation. +* This increases the price floor over time, and once liquidity is high, lots of tokens get burned. + +**5) We are the first hyper-hyper-deflationary token. Burn happens through volume (tokenomics) — the first "hyper" in "hyper-hyper-deflationary"** + +* Burn happens through buyback and burn (profit-injection) — the second "hyper" in "hyper-hyper-deflationary" +* Buybacks are from external BNB, not recycled from internal BNB -- like so many other tokens! - Diagram explaining EXTERNAL vs INTERNAL buybacks: [https://imgur.com/a/0TwH42B](https://imgur.com/a/0TwH42B) + +# So, some more quick facts: + +* **We are part of the new “DeFi Alliance”** — created by former SafeMoon core team member Ragnar, which also includes notable projects such as PiggyBankToken and The Collective Coin. +* **95% friendly whales.** 29 of the top 30 holders came forward and have agreed to support the project. +* **Tokenomics – because why the hell not?** 4% is added to LP, 4 % is distributed to the holders (incl. burn wallet) Merch, as a proof-of-concept, is already running smoothly. +* **Apps are coming along well**, with weekly updates and reports for transparency. +* **We are striving to be the "Robinhood" of the DeFi-space** by catering towards simplicity, ease-of-use applications that cater towards those who are new to crypto. +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! + +Early 40s; should hit my $5M fatFIRE goal in 1.5\~2 years. I'm simply coasting at my job so that I can collect my RSU. I plan to move back to my hometown where it's an LCOL area. + +The only large expense is the private school tuition for kids, around 50k per year. Other than that, we should be able to get by comfortable at 3% SWR. (or occasionally 4% if travel is needed) + +Things I'm doing recently: + +* Exercise and losing weight -- I notice many people change their lifestyle to stay fit and healthy once they fatFIREd. I don't want to spend the first few years of retirement losing weight. +* Coasting at the job -- COVID has been a tailwind as I can WFH. I try to work 4-6 hours a day and have plenty of time to read books, etc. I used to work 10+ hours/day and 1 weekend day. I set a goal to reduce my working hours. I should be able to get to 30-35 hours a week "on average" -- sometimes shit happens and I still need to deal with it. But most of the time I work 4 days a week. +* Planning for retirement for my own true calling. + +The last one is actually VERY hard for me. It takes me a while to figure out what I want to do. I got some ideas but I'm curious to learn that if you are fit and still have parent duty for 6-7 years so long traveling or living overseas is not an option, what do you do? + +Here are a few things on my list: (don't plan to do all of them -- these are just ideas) + +* Get a pilot license +* Start a youtube channel +* Get a law or medical degree +* Get a real estate license +* Get my motorcycle license back (I had one before but it got revoked ...) +* Get a class A or B license (to drive a big RV) +* Try a few stupid start-up ideas (mostly website -- I can code or hire students to code) +* Write a book about my life stories -- don't know who will buy it but I don't really care (self-publishing is not expensive) +* Maybe start a blog (if writing a book is too much of work) +* Train for a triathlon (I don't know why I want to do it -- but this is something I need to get done before 45 or it will be unlikely to happen) + +While these are all great time-killing activities, I'm wondering how young retiree (35-45) spend their time when they still have a parent duty? +## Launching our latest wiki page: UK income and wealth statistics! + +We have painstakingly gathered some big-picture info on income and wealth in the UK from [the Office for National Statistics](https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork) - it's available by age, region, household, and more. Check it out if that's of interest: + +**https://ukpersonal.finance/statistics/** + +Any feedback on ways to improve this page is welcome, just comment here or [join us on Discord](https://discord.gg/kaetMg8). + +## I know a song that gets on everybody's nerves, and this is how it goes + +I'm sure we've all noticed that we've had an influx of posts recently from relatively high-earning/well-off posters: + +* Wanting to know if they're doing okay +* Anxious about their standard of living, ability to save or buy a house etc +* Asking what to do with their savings and income +* Trying to understand and optimise their tax and pension situations + +We want everyone of all income levels to be able to get assistance from the UKPF community about both practical and psychological aspects of personal finances. And wealthy or high income people aren't immune to anxiety, getting affected by the current bleak headlines, or general cluelessness about finances. + +However it is obviously frustrating to read quite so many posts from high earners anxious about their financial future, especially when they make others feel bad about their own situations. + +####Please help us to keep the sub a helpful and healthy place for all by: + +**1: Alert us about rulebreaking posts** + +* Report clickbait/ragebait as trolling. If it's not an intentional troll we can help OP phrase their post better to avoid raising the blood pressure of everyone who reads it (more on this below). +* Report 'is £x a good amount?!' posts as 'comparison post', and we'll remove with a message directing them to the [nice new stats page](https://ukpersonal.finance/statistics/). +* Report 'I have £x, what should I do with it?' posts as 'read wiki' and we'll remove and direct them to the relevant pages (such as [the flowchart](https://ukpersonal.finance/flowchart/), [student loans](https://ukpersonal.finance/student-loans/), [BTL](https://ukpersonal.finance/buy-to-let/) and so on). +* Same for tax efficiency for high earners, [we have a wiki page for that](https://ukpersonal.finance/tax-efficiency-for-high-earners/). + +To be clear, 'no comparisons' and 'check the wiki first' are existing rules which apply to all posters. We normally give posters lots of leeway though, especially once posts have gathered substantive discussion, as we don't want to delete people's thoughtful and helpful comments. But in cases where the post is also causing everyone who reads it psychic damage, if the OP is answered on the wiki, we'll just remove even if we're at 100 comments and counting. + +**2: When commenting, keep being your chill and helpful selves** + +If posts are within the rules but just a bit frustrating because OP doesn't seem to have a sense of perspective, please either engage with them politely, or move on. + +Engaging politely can absolutely include explaining to them *why* their post is frustrating to read, but it can't include calling them names, insulting their intelligence, calling the post a humble brag etc. If you see comments along these lines, please report them. We will remove and (temp) ban. + +If the post is truly irresistible bait we will likely remove and/or lock it. + +**3: When posting, provide sufficient detail** + +High earner/net worth posters, as mentioned above, do take the time to read any [wiki pages](https://ukpersonal.finance/) relevant to your query and mention you've done so. That [stats page](https://ukpersonal.finance/statistics/) can help give you perspective on your relative position, which may change how you feel about it. + +If you're still worried, put together some numbers together before you post so you can be specific about why. If you're not sure you can afford to rent in area X, give us your current and expected budgets. If you're working on longer term planning such as house buying or retirement, provide the relevant info such as your target property price or retirement income, current savings and savings rate, timeline etc. + +Providing this detail will help you get much more relevant and specific answers while avoiding frustrating people with posts that come across as vague requests for reassurance. +Yesterday my employer let us know that they will be offering a new program in January. Instead of matching up to 6% of our salaries in 401k contributions, we will have the option to put that money toward student loans. I currently have about 33k left and with regular monthly payments of $470, they will be paid off in roughly 6.5 years. I can currently add about $500 to the monthly payment, and at that rate, they will be paid off in ~2.5 years. Using my employer's new program, I could have them paid off in ~18 months. + +My 401k will be at about 12k by the end of the year. I make 50k, so the annual contribution between my self and my employer is 6k. That 6k over 40 years will be worth ~60k at least. Short-term, it would be nice to pay off my loans a year earlier, but long-term, my 401k loses a pretty big chunk of money. Is this a good assessment? + +I appreciate all responses, thanks! + +EDIT: DoWhatYouWantBB mentioned that the interest rates of my loans are important: +5,217.24 @ 6.55% +5,307.00 @ 6.55% +2,661.26 @ 3.15% +3,153.32 @ 3.61% +2,643.21 @ 3.61% +2,220.92 @ 3.60% +4,459.38 @ 3.60% +6,712.55 @ 3.60% + +Edit 2: Many people have commented stating I shouldn't post here. Point taken and I won't post in the future. + +Edit: Many people have reached out via DM asking questions or wanting advice. I did not do anything that involved earning a large sum of money overnight. I've been an ATM owner for a few years and I keep adding to my portfolio every few months. I've been a licensed speech pathologist for almost 20 years. I had the opportunity to work overseas for most of my career. I started my business based on my skillsets and experience. My business is 50% cash pay, 30% contract with an organization, and 20% insurance. I hope this additional information helps. + + +I know this may sound counterintuitive, but I am curious if there is anyone here who is open to sharing their journey to FATFIRE at a later age. There are tons of stories of people going to college, starting off with a high income and FATFIRE in late 20s or early 30s. Most of these people are married as well. I want to hear from someone who has a different path. + +As for me, I am in Healthcare (not a doctor) and was in debt as recently as 4 years ago. Now, I am on track to FATFIRE with 2.5 million in approximately 8 years based on my 2019 income and savings and even faster if I incorporate 2020 figures. I know 2.5 mili is not FATFIRE for most of you, but it is for me considering that I plan to go back abroad (currently in America) to live permanently. As of right now, I have my business and decent side hustle (owning ATMs). + +I am a single parent who receives no assistance, so that is "slowing" me down, but I can't imagine my life any other way. + +If this post is against the rules, please delete. Thank you. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +**Is this the time to buy Disney stock? Will Disney+ make this company a must have? What is my price prediction for Disney?** **Read until the end of the post** **as I reveal my price target for Disney and what I expect to happen next** + +**\~Very Very Long Post\~** + +Hello everyone and stock analysis in which we will go into an in-depth analysis about Disney’s stock! We are going to talk about Disney as a company and what’s the upside for the stock! So, let’s go over the company a little before moving on to some fundamental, technical analysis, predictions, cash flows analysis and my price target for the stock in the next years & months. + +Let’s start by talking a little about [Disney](https://ibb.co/PMhMz9f), yeah, I know everyone knows Disney, their movies, their parks and much more, but I believe Disney is still undervalued at this current price, especially due to their Disney+ and other streaming businesses which have taken of since the start of 2020. + +Disney is the biggest entertainment company in the world, and has the 20th biggest market cap as they operate a number of profitable segments including cable networks like Disney, ESPN and many more others, while they also have a vast segment of parks & experiences including multiple Disneyland resorts, cruise lines and many others. Disney also operates a studio entertainment business under multiple big names like Marvel, Pixar, Walt Disney pictures and also offer Direct-to-Consumer networks & streaming services like Disney+, Hulu, ESPN+ and others. The company has over 200K employees and is nearing 100 years since it was founded. + +So, we have to talk about the adjustment Disney has made starting in 2020. The company has cut the [dividend](https://ibb.co/YQQ8xLL) payouts and has focus its efforts into growing the company, with the company accelerating their move to an elite streaming business, which was supposed to have a time horizon of at least 3-4 years, and which has now surpassed all their expectations, and made the stock pop to all time highs of over $180 just recently. + +Disney just had their latest Investors Day meeting in which they announced a lot of promising business opportunities for the company related to their developing streaming business. + +They announced at least 10 Marvel [series](https://ibb.co/RQrxPfR) like Captain Marvel 2, a new Doctor Strange development while continuing [movies](https://ibb.co/87CcQ7B) for Thor, Black Panther and [others](https://ibb.co/Dpr73G2). They also announced at least 10 Star Wars [series](https://ibb.co/9HBrXZj) [including](https://ibb.co/PZkKTC4) the continuation of their big hit The Mandalorian and also provided updates on more child friendly productions with 15 Disney & Pixar [series](https://ibb.co/HNkMYvT). + +The company has far outpaced any of their previous [GUIDANCE](https://ibb.co/vhWGCRd), as their initial guidance in all 3 big streaming services, Disney+, Hulu & ESPN have been reached in less than a year, with Disney+ and ESPN+ hitting the top of their expectations for 2024 while Hulu is just shy of their bottom expectations, as Disney+ was a hit since its start, with over 10M signups in the first [DAY](https://ibb.co/PW4WRfY). + +Disney+ also keeps expanding into multiple countries, as they continued to launch the streaming business in over 15 [countries](https://ibb.co/Kwk9dd1) just recently in November, as their streaming services are [offered](https://ibb.co/4N8s3yt) on most devices like Android & Apple devices, Amazon’s Fire TV, Roku streaming platform and Google’s devices. + +The company has extreme pricing power due to their capability to generate revenues from their other income streams but haven’t chosen to abuse that with only minor increases in price while also offering a great Disney [Bundle](https://ibb.co/R2p28zM) for just $13/month that includes the top 3 streaming services, Disney+, Hulu & ESPN+. + +Hulu has seen a huge subscriber [growth](https://ibb.co/XkVCK72) in the past years, adding around 8M subscribers/year since 2017 as they offer multiple subscription [choices](https://ibb.co/sFnV4gV), starting from 6$ up to 71$ for their no ads & live TV service. After these results, Disney has slightly increased their bottom-line expectations for the [service](https://ibb.co/4sK1HR7) to 50M by 2024 and are expecting Hulu to become [profitable](https://ibb.co/W3C6Ybm) as soon as FY 2023. + +They also revised the [ESPN+](https://ibb.co/S0wx121) expectations from between 8-12M to an incredible 20-30M subscribers range by 2024 as they also expect this service to become [profitable](https://ibb.co/4S8Qj8b) by FY 2023. + +But guys, by far, the biggest [guidance](https://ibb.co/3swTzSG) upgrade for Disney has come from Disney+, with a revised guidance of over 230M and a top expectation of 260M subscribers by 2024, which is 30% more than Netflix has right now, after over 20 years since it was founded. They are also planning on [pricing](https://ibb.co/zZszZWR) Disney+ at $8/month starting this March, as they have revised the content [expense](https://ibb.co/kKK2Rxq) to over $8B for 2024, more than double their previous estimates, as they look to provide as much and as good as possible content for their customers. + +Despite the huge number of subscribers, [Disney+](https://ibb.co/1Lrscqx) is still losing money due to very high costs of getting the service of the ground, but the company has revised their expectations and expect peak operating losses from Disney+ to come up this year and are expecting profitability by 2024, which is pretty much on schedule. + +So, let’s go a little through the latest quarterly & yearly results for [Disney](https://ibb.co/x3n4Bmb). The company has been hugely affected due to the events that happened in 2020, as they were forced to close or operate at a significant reduced capacity their Parks, Experiences and Products segment. The company reported a non-GAAP loss of $0.20 for the 4th quarter and a loss of $2.02 for the year. Despite this loss I think the company has done as good as was possibly expected, as the situation accelerate their growth of their Disney+ service. + +The company [reported](https://ibb.co/Bjpz16L) just over $7B in Media revenues for the 4th quarter and over $28B for the year, both of them being increases of at least 11% vs the previous year. Disney also reported a 41% increase in Direct-to-Consumer revenues for the 4th quarter with almost $17B in revenues for the year, while on the other hand both the Studio Entertainment & the Park, Experiences & Products segment saw a major loss of revenues, with both of them being down more than 50% for the 4th quarter vs 2019. + +[Disney](https://ibb.co/G0KBJQG) also improved their operating results in both Media Networks and Direct-to-Consumer but only manage to obtain an operating income from their Media Networks and their Studio Entertainment business, totaling an operating income of just over $8B for the year, a 45% decrease over 2019. + +Their latest moves to accelerate the growth of Disney+ had a big effect in the operating [results](https://ibb.co/t3wfwzC), as the costs of rolling out Disney+ eat up the revenues, while very few of their Movies were actually released to the cinema, which also impacted their Studio Entertainment top & bottom line. Also, to be noted that the eliminations segment includes the inter-segment transaction between their Media & Studio segments to their Direct-to-Consumer segment. + +[Disney](https://ibb.co/SxXHZLK) also saw their Parks & Experiences revenues decline drastically as well as their operating results as a result of the closing or operating at a reduced capacity for all of their resorts, which is estimated to have had a negative impact of $2.4B for their operating income. + +Studio Entertainment was hit just as bad with a decline of more than 50% in both revenues and operating income as theatrical releases were mostly put on pause as most of the theaters around the world have been closed or have operated at a significantly reduced capacity. + +We also saw Direct-to-Consumer operating loss and revenues [improve](https://ibb.co/G7Sg19n) for the 4th quarter, as ESPN+ & Hulu were a boost while Disney+ continued to burn money at a very high rate, that is needed for a rapid growth of the service. + +We can also see that all 3 major streaming services had a big increase year/year, with ESPN & HULU gaining more than 7M paid subscribers while Disney skyrocketed to over 86M after the latest numbers from their investors meeting. Despite this numbers the only increase in monthly revenue/subscriber was seen in [Hulu's](https://ibb.co/LzmrvwV) top package while the rest of them dropped, very likely due to the high number of promotions in the Asian markets. + +It’s also to be noted that though most of their parks & resorts were affected, Disney didn’t stop investing in them and had a [Capex](https://ibb.co/2jsth35) of over $4B in 2020. + +The [company](https://ibb.co/dk88L7f) also received other sources of income due to their gains in DraftKings, but most of these gains were offset by their interest expenses. + +So, you should now that I am bull on Disney but I am willing to hear other opinions so don’t be afraid to leave a comment down below! + +I have made some predictions based on the growth rate of the company, the latest [plans](https://ibb.co/9WxkCyd) announced by them and used some estimates and expectations of their revenues streams to normalize in the next years. So, keep in mind this are only projections and are calculated by myself, this is not an investment advice and you should do your own research and so on… + +So, let’s start with the Unleveraged discounted free cash flow [projections](https://ibb.co/mtb7s5y), though this is not my favorite type of projections we will get to that very soon. + +I implied the same growth rates for the total revenues based on my growth projections and also implied that EBITDA margin will slowly recover to the levels it stood before the massive investments in their streaming business, as the EBITDA margins [stood](https://ibb.co/Svr8NjN) at over 30% before that, and with streaming business being a very lucrative affair I can easily see that happen again. + +I also used the Depreciation & Amortization from 2020 and implied a 10% growth, while also doing the same for the Net Working Capital. I used a 15% capex increases like I will do in my growth projections, and used a 9% discount rate, which is above the avg SP500 return in the past 60years. + +Now there are 2 methods of doing the valuation, either the perpetuity method or the EBITDA multiple method, but for Disney I think the EBITDA approach is better suited as I expect the stock to be re-rated after they start to turn profitable on their streaming business and you will see with my growth method that it shows pretty much the same results. + +So, this means we have an estimated $56B worth of FCF for a 9% discount rate. I also assumed the company will continue to grow at a 3.5% rate after 2025, and that would mean that Disney will be worth almost $500B by 2025. So, let’s do the math for the growth approach and with a share count of 1.81B, that would mean a stock price of $175 and would imply a return of just over 2%. But I don’t expect this to be the best way to value the company. I think the EBITDA approach is better suited for the growth that lies ahead for the company. So, I wanted to be conservative and used only a 16 times EBITDA, which is the last multiple Disney traded before 2020, though I think with this new approach to the business we can see Disney valued at even higher multiples, maybe even 20 to 25. So, with this 16 times multiple, the stock would be undervalued by over 40% right now, but for safety reasons I would use an average of the 2 approaches. So, I expect [Disney](https://ibb.co/hM8mqnd) to trade around 210$ using the DCF model, which would imply a 22% return, which seems pretty good. + +I think now is the time we move on to my favorite valuation [approach](https://ibb.co/jkL0JG9) for the future. + +I like to value companies based on multiples of future price earnings. So, let’s take a look at what Disney earnings/share will be by 2025. + +For my [projections](https://docs.google.com/spreadsheets/d/1Bp9cIUB8s-VZSaBbQHw1IYI3zO9CIWsegPb_xmKHZ4c/edit#gid=1003936878) I actually just used their full year results and implied different growth rates for each revenue stream. So, for the Media Networks I implied a 10% increase for next year and a decreasing growth after that and did pretty much the same for the Studio Entertainment Business. I did however imply a return to normal in Parks & Experiences revenues by 2022 and a slowing growth after that, while for the Direct-to-Consumer I implied a bigger growth rate as by their own forecast, Disney+ should account for around $20B in revenues by 2025 on its own. + +For Disney’s cost of sales, I maintained the 68% expense ratio on their Media Networks, while for their Parks & Experiences I implied a very big cost of sales for the next 2 years and expect that to normalize towards the end of the period. Meanwhile for the Studio Entertainment business I actually used a bigger expense ratio just to be safe and for the Direct-to-Consumer cost of sales I implied a loss for 2021, a break even for 2022 and just starting to become positive after 2023 ending with a cost ratio of 75% in 2025. For the eliminations revenues and costs I implied a gradual 10% decrease in each year, but this shouldn’t affect the results that much in the end. + +I used their Capex spending from 2020 and implied a 15% annual growth, as this will continue to increase at least for the next couple of years, while for the interest income & expenses I implied a 10% annual decrease, but this numbers are again so small that they don’t impact the end result that much, and didn’t want to assume and other significant losses or income. + +I used the nominal US TAX rate of 21% and implied a .5% dilution of the stock each year. + +So, let take a [recap](https://ibb.co/nj7sX5h), I expect Disney to have over $137B in revenues in 2025 and almost $35B in gross revenues. After subtracting their $8B capex and the almost $700M related to interest, and also account for the tax rate, Disney should have just over $20B in income after tax or just over $11 in earnings/share. So, adjusted for the .5% dilution, this would mean the stock is trading at just over 15 times price to 2025 earnings right now. + +I know Disney has traded under a PE of 20 historically, but with them renouncing dividends and focusing on growth, especially as I can see every streaming business being valued very highly right now, I think we can see a multiple expansion on Disney vs the previous normal. So, depending on what PE you assume for the stock between 20 and 35, the stock can trade between $220 and almost $390. + +So, after all these estimates what are my price targets? [Here](https://ibb.co/849LJH3) are my actual price targets… I think the bear case 2025 price we can see Disney trade at is $249 which would imply a return of over 45%, while my base case and my pretty safe assumption is that Disney will trade at 304$/share by the end of 2025, implying a 77% return on the current price. But my most bullish case would see the company trading at $359, which would imply a return of 110%. So yeah guys, this are my Overall price targets for 2025, my bear case is an average of the 20 & 25 PE ratio, while the normal case is the average between the 25 and 30 PE’s with the most bullish case valuing the company between a PE of 30-35. + +So here is the [FULL](https://docs.google.com/spreadsheets/d/1Bp9cIUB8s-VZSaBbQHw1IYI3zO9CIWsegPb_xmKHZ4c) spreadsheet that I have projected for Disney by 2025, if you do have another opinion or a suggestion please leave a comment down below, I think I have been conservative in most of my projections, but feel free to give your opinion. + +Keep in mind, these targets might sound ridiculous, but just look at the growth Disney has had just in the past year in the past. The company has [increased](https://ibb.co/BP8SVHK) in value by more 18% despite all the obstacles it has faced and was up 57% in the 4 years [before](https://ibb.co/bHxHf5h) 2020. So yes, I think Disney will be one of the best re-opening plays and stay-at-home trades as well, so a win-win no matter what. + +The company also has very good [financials](https://ibb.co/JntSMr8), with more than $35B in current assets vs only $26B in current liabilities and with over $200B in total assets. So, the company is way more than solvable at any point in the near future, even after the bad year they had in 2020. + +And let’s also take a look at what the estimates are from the analysts. We can see that the [analysts](https://ibb.co/1sRqCTB) expect somewhat smaller revenues by 2025, of around $115B compared to $137B that my Growth Valuations are projecting. But I think this haven’t been revised enough and don’t take into account fully what the streaming business will mean for them even after their other revenue streams come back to normal. + +So, what do I expect in the next couple of days, weeks and months for Disney? + +Let’s look at this [CHART](https://ibb.co/cTCvdgf), Disney has had a history of gapping up and then filling back the gap-up in the past 6 months with the stock doing so 2 times. But more recently they didn’t fill the gap-up after the vaccine news and even gapped even higher than that after the revised subscribers’ numbers revealed at the investors day. The stock was almost overbought and overbought for pretty long stretches of times in the last 6 months, but right now the RSI has dropped to 51, which could be a sign the stock is ready to move up once again. So, my personal opinion is that we can see the stock trade flat or even drop a little more but not below 158$ before the next quarterly [earnings](https://ibb.co/k8x6cCW) are released in February. Last time around they beat expectations by quite a lot and I think they might actually pull it off again with the increasing strength in the streaming business, and that might be enough to push the stock even higher. So, using the [DCF](https://ibb.co/ZfcJZz9) valuation, I think we can see Disney trading at around $210 by the end of the year, especially if things start to get back to normal and their parks & other revenues streams come back at increased strength. + +And let’s take a quick look at what 27 [analysts](https://ibb.co/VJNg2m5) on Wall Street are saying. They are mostly very bullish on the company with an average price target of $181 and a high price target of $220, as 20 of the 27 analysts are either bullish or very bullish on Disney. So yet again, I think the analyst are undershooting the price of Disney, as it’s always better to undershoot and overperform rather than the other way around. + +So, what would I do? Well, I own Disney stock and I believe it still has plenty of room to grow, so I would start building a position on any weakness, and I would especially buy more if the stock drops to $160. + +One last thing to mention about Disney is that they also have a very big % of their shares held by institutions, with over 65% of the float being held by big [funds](https://ibb.co/5KRGT0Y) like Vanguard & Blackrock. + +So, this are my projections and my expectations for the company, I think Bob [Chapek](https://ibb.co/1JJzyq2) has done a terrific job since becoming the CEO early in 2020, and has driven Disney to a renewed approach to their business, so, if you do want to check out the spreadsheets you can find the link [HERE](https://docs.google.com/spreadsheets/d/1Bp9cIUB8s-VZSaBbQHw1IYI3zO9CIWsegPb_xmKHZ4c)! + +**Thank you everyone for reading🙏 Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market! Have a great day and see you next time❗** +Have to get this off my chest: + +I bought 22 ETH @180 + +I was the biggest supporter, telling all my friends and family. When I would tell all of them, i always focused on the product, rather than the price. In conversations, i spoke of my unrealized gains to support my intrigue, not define I️t. Don’t get me wrong, seeing the price rise 280% was an unbelievable feeling. I practically lived in this sub for months. + +This was in May 2017. + +Then the summer crash happened. + +I watched the price go from $180 to $550 back to $180 in a week or two. I panicked, and sold during a “dead cat bounce” around $220. + +Why did I sell? I had weak hands. + +I trusted and believed in the tech. I saw the slow and expensive Bitcoin. I believed ETH would undertake mass migration, market cap growth, and notoriety. + +To those in the ETH community - enjoy the run. I will be rooting you all on. + + +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 am just wondering if others would throw out their experience with "coasting" during FIRE. I have a pretty secure passive income coming in for right now, and have around $600K coasting in very good brokerage accounts. I do have an emergency fund that would cover about 2 years expenses if something happened to my passive income in savings account. I just wonder if at age 56 if I don't touch the "coasting" money for say 10-15 years it will grow enough for me to take the 4% out of it then to add to my passive income (rental prop.). Just curious how others do it when in the coasting phase. Thanks!! +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 am unlucky. Always. I pick the slow line at the grocery, I never get a front row parking spot, I always get the last leftover scoop of lo main that has been sitting for 5 hours at the airport Chinese food restaurant and then watch them come out of the kitchen to restock with the fresh batch while I am still paying. Can you feel me? + +Things are changing. For the first time in my life, I just plugged in a USB device correct side up on the first try. Usually I get it right on the third try, or even the second try, but never the first. + +Buckle Up. This time is different. +🏛I know you're probably thinking, oh just another token. But you never know when you'll run into that token that changes your life for the better. So we would love to show you Upfinity. Upfinity was founded on September 21st 2021 with the goal of creating a fun and innovative ecosystem where all aspects are built with community rewards in mind. + +​ + +😶We noticed that there were a lot of very meem ecosystems or very serious ones, but not one that incorporated the best of both worlds and we wanted to always reward our community for choosing us over everything out there. + +​ + +🤯But being fun and innovative wasn’t enough for us, that’s why our token is powered by a unique smart contract with the capacity to adapt. It is possible for us to add and implement any new trends immediately, allowing our community to benefit from whatever is hot on blockchain at the moment. + +​ + +🎮Gamified and innovative tokenomics, NFTs with utilities, play to earn games, all sort of launchpads, a metaverse, you name it, we have or will have it. We're here for the long run, not a short term. + +​ + +💪We are building the ultimate ecosystem, you could either watch it happen or be part of it + +​ + +🌐Website: https://theupfinity.com/#/ + +🗣TG: https://t.me/UpFinityTG + + +📜Metaverse intro: https://theupfinity.com/Metaverse.docx +Apes, + +I can do a press release pushing drsgme.org and also have contacts with sites like Forbes.com, entrepreneur.com, business.com, etc. + +My name can completely remain hidden from the post and I would be fully protected. + +What I’m asking is what are the consequences of posting about drsgme.org and the issue at hand? + +These sites have 100% success rate as long as I’ve been a publisher and these articles would definitely receive traffic. + +Anyone with more knowledge regarding and legalities and such that I need to be aware of? + +Oh and I also can get quora answers in bulk with anything having to do with GameStop while adding question and answers there to support GameStop. + +Someone talk me off a ledge or tell me to push it. + +🚀🚀🚀🚀🚀🚀 + +Edit: lots of pros and cons as well as people private messaging me. I will be moving forward with this and I’ll be working closely with drsgme.org for the initial release and I will be posting statistics, places the PR shows up on, etc with the community. + +This is simply about awareness and after talking to my legal guidance along with getting approval from drsgme’s legal guidance, we will be moving forward. + +Stay tuned for updates! +I posted this discussion just over a week ago: https://www.reddit.com/r/personalfinance/comments/6jljom/company_is_flying_me_out_for_onsite_interview/ + +I had a really productive trip, met the entire team, and made a really great impression. Upon the advice of a couple of folks, I just rode it out and enjoyed the time there. + +Using some of that same advice, I was able to negotiate the pay I wanted and **I GOT THE JOB**! Just signed the offer about ten minutes ago. + +Thanks to [u/Frozenlazer](https://www.reddit.com/user/Frozenlazer), [u/Laser45](https://www.reddit.com/user/Laser45), and [u/wowlancer] (https://www.reddit.com/user/wowlancer) for giving me their two cents. It might've been a small thread that flew under the radar, but it really made an impact for me and helped to realign my focus. + +I'm on cloud nine right now. + +Update 7/7: Holy shit! /r/All....thank you to everyone for your kind words and support! I'm trying to respond to all of the comments but it might take me awhile since I'm still at my other job :P +25/M and currently on 70k but after 9 months, I've been offered a similar but slightly different role for 110k. The market is extremely hot at the moment for employees. The jump seems too high to turn down but there's a slight remorse for leaving after 9 months if i do. + +For your job, what percentage/$ value would it take for you to move company. +Just a thought, would love opinions on it. + +I see a lot of people bemoaning the fact that they didn't make as much as they realized they could have if they had waited to sell covered options. The truth of the matter is that we will almost never optimize a trade and will always leave some amount of money on the table. + +Instead of regretting the fact that a stock has blown past your covered call, remember that when you sold it you decided it would make you enough money to satisfy the risk you felt like you were taking by buying 100 shares. + +I'm all about the movement, but I'm not in this as a charity, I'm in it to make a lot of money and to ideally do it with as little risk as possible. So I for one won't be disappointed by 100% weekly returns, even if means I could have made 200% by holding out a little longer. + +Disclaimer, I own several BANG shares and plan on selling CCs weeklies on them. +I know this is one of the prettier things you can be worried about when you're trapped in poverty, but present-giving is still very important to most of us. So how can we stay within a useable budget and still get our loved ones things they want? + +Now, many of us will say, why, make your own gifts! But the thing is, I do not know how to knit, my art skills aren't great, and I would still have to invest in supplies. Plus, I don't know about most of you, but I work a lot around the holidays and I don't have time to make dozens of presents. You could bake cookies or cakes, but again, depending on your skills and time, this falls into the same problem. + + +So this brings us to grocery shopping. Does someone you love have a favorite inexpensive coffee? A favorite soda or chips? Even pet food for their furry friend? + +If you have a gamer in your life and you can't afford to buy them an expensive new game, you can build them a little gaming night basket full of candies and chips for a fun gaming night. Sports fan? CNN junky? Same deal. + +The beauty of this approach is that it is requires thought and care. It isn't just buying a gift card. Plus, if you're like me, actually unwrapping presents is an important part of Christmas and birthdays. + +The other great thing is that if you're on food stamps or EBT or some other restrictive form of assistance, you can potentially use those to pay for gifts. Depending on who you use these gifts and who you live with, then this is also a creative way to buy your groceries and still look like you got gifts. +I thought this was supposed to be a short squeeze. Instead I got cucked by you apes, who yourselves got cucked by Cohen. Cuckception. Go listen to Marvin's room. I'm holding what I have left out of pure spite. + +The shorts haven't covered. Do I think it can still be squeezed? No at this rate. Why? Cuz you apes are inconsolable and don't wanna listen to reason. +Not sure if there are any other teachers out there but just wanted to share my experience: + +I am a 34m. I have a Master's Degree in Education and work as a school counselor. My salary is 45,718.60. This is my 10th year working in education. + +I also have a wife and 3 small kiddos. My wife is staying home with the kids. This is a sacrifice but also an investment that we are purposely making. I also work part-time as a counselor making approximately 1,000 a month. There are significant student loans. + +The compensation at the school is simply not sustainable. I cannot provide for my family on that salary. + +I take full responsibility for my choices and career pathway and plan to work as a counselor full-time once the school year ends. I am grateful to even have the opportunity to utilize my skill-set but it is disheartening to witness a lot of caring people that I work with struggling to simply make ends meet, not to mention feeling the struggle myself. + +There really is no hope of achieving FI short of remaining in this job until 59 1/2 and taking the pension. But at what cost? + +This is a tight season financially, but a good teacher nonetheless. The things I spent money on frivolously when I was single have now become extravagant luxuries that would take away from the needs of my family. + +Thank you for reading. + +Can anyone out there relate? + +&#x200B; + +EDIT: I was not clear in my original post that I actually am transitioning to work as a full-time counselor in private practice in an effort to up my compensation. + +I also mentioned in reply post that this started as a question but became a vent for me as I processed the difficulty of those of us who have chosen a passion career and also desire FI. + +Thank you for all your responses. + +EDIT #2 + +Thank you again for all your heartfelt comments. I 100% agree it is a math problem that is simply unsolvable without a change. And for the record the ‘summer months’ for our district last from the month of June and 3 weeks into July, and that is in AZ. + +For our situation personally, we value the time my wife has with the kids so her working currently is not an option. 1: Day care is too expensive in itself. 2: We (and maybe this is the double edge sword of FIRE) value our relationship and time together more than the extra money she could make. Which answers the immediate question of the requirements of FIRE are sacrifices but again at what cost? It would be tragic to hear of people who achieved wealth but inadvertently sacrificed important relationships along the way. (I am a counselor 😐) + +We are not ready to move at this time but my poor current salary has actually forced me to consider other options and think outside the box; not only for finances but also for overall happiness. I love the suggestions about ED Tech, traveling abroad, tutoring, or other side gigs. My passion is woodworking and some day I hope to support people in therapy through woodworking. And hopefully make enough to live on and support my family and save for retirement. + +Thank you all again. +I’m at the point in my life where I’m early 30’s and can fatFire at this point (due to career success, living within my means, and some family luck). However, I’m a one step below c-suite executive at a fortune 50 company and I truly love my job. It’s not boring at all / I really do enjoy it, I get to go on cool trips, and I absolutely love the people I work with and supporting their careers. Now back to the question - + +Does anyone single here not retire due to the fact that their job is the #1 thing in their life? I don’t need more money. As such, I keep working for the reasons above and because those corporate goals (c-suite promo, succeeding in the market, etc) are what I care about most. It’s the work challenge that excites me since I don’t have much personally that I can’t / don’t already do. + +I’d love to hear your experiences / prospective with this. +I’ve seen a few posts recently linking to a site to search for a suitable union. All of my results look like they cost around £15 a month. + +Has anybody ever paid for a union and felt like it was worth it? I work in tech and tend to change jobs frequently, what benefit would a union bring to me? + +Obviously the RMT are all over the news and I think a lot of people support the strike. With the inflation and cost of living crisis I can see more unions planning industrial action in the near future. +Good day fellow dividend investors. Like most of you on this sub I absolutely love dividends and the magic of compounding over time. After 2 years of investing in individual dividend stocks I’ve built around a $60k portfolio that yields just over 3%. I’ve also seen decent capital appreciation over that time. No S&P 500 level returns, but I also made it through the current pandemic so far relatively unscathed with only one stock (WFC) cutting it’s dividend. + +However, the more I invest and learn the more I’m a little eager to focus on total return. Obviously, growth stocks are a large part of that and while I have some of those in my dividend portfolio like AAPL, MSFT, V, NKE, etc I’m interested in focusing more in this area. + +My question to the community is this. Does anyone strictly use their earned dividend income to buy shares in growth stocks or ETFs that may or may not pay a dividend rather than DRIPing? Now that trades our free with my brokerage I’ve turned off DRIP on all my stocks and manually reinvest them in whichever stock in my portfolio I see fit. + +Now, with a potentially more focused plan on growth and total returns I’m thinking that my monthly contributions will continue to go towards my dividend stocks, but any of their dividend income will go towards a growth stock or ETF. + +I’d love to hear the communities thoughts on this and look forward to your feedback. +According to a number of articles President Trump is seriously considering firing Federal Reserve Chairman Powell because he feels that raising interest rates is misconduct. What impact would this have on the stock market if Chairmen Powell is fired? + +[https://www.reuters.com/article/us-usa-trump-fed/trump-has-discussed-firing-federal-reserve-chairman-powell-bloomberg-idUSKCN1OL050](https://www.reuters.com/article/us-usa-trump-fed/trump-has-discussed-firing-federal-reserve-chairman-powell-bloomberg-idUSKCN1OL050) +I’m interested in investing my money into a property and making a profit. Just wondering what would be the best way to get into selling/ renting homes? I’ve been doing research on whole selling and flipping. Just looking for advice on what would be a good investment at this age with little money. +One theory I've heard as to why home prices soared this year is it was partly due to the money printing. The Fed was using this newly printed money to buy billions in MBS each month. They are slowing down those purchases and will stop sometime in March. + +&#x200B; + +Will this have any affect on home prices? + + +I know raising interest rates could slow down home price increases (in theory) but I'm not sure about the Fed tapering their MBS purchases. Couldn't banks/investors simply sell their MBS to Fannie/Freddy instead? + + +Any insight into the Fed's taper actions affecting home prices would be much appreciated. Thanks!! +Then you're over-leveraged. Learn to manage your account risk. + +The number of people here that worry when trades go against them seriously concerns me. Y'all are donating your money to hedge funds. Why are so many of you leveraging your entire account and then freaking out when things go wrong. I've got some news for everyone. **THINGS GO WRONG ALL THE TIME.** Unless you have a death wish for your account, you need to trade in order to survive 5, 10, even 15 trades against you at a time. You need to hedge your bets. You need to not sell 20 2-wide spreads with a $4200 account. I don't care how low your delta is. It's not if, but when you'll blow your account up. + +Are you a bag holding wheeler who can't lower your cost basis anymore because your ticker fell too far? Did you forget the first rule of the wheel? Sell on a ticker you want to own at a price you want to own it at. That means you're ready to walk away for a year. + +Black swan events happen. Bear markets happen. VIX spikes happen. We options sellers like to stay out of the way and win more than we lose. But lose we will sometimes, and losses are part of the game. Plan to lose. Be ok with losing. What will define your future as a trader is how you manage your losses, not how you manage your wins. +Amazon founder and billionaire entreprenuer Jeff Bezos has advised the American people to avoid large purchases such as new TVs, refrigerators or cars and “keep some dry powder on hand” during the coming holiday season as the US economy is likely to be in a recession soon, according to a report in the CNN. + +The tycoon had last month tweeted to his followers “to batten down the hatches”. When asked about the tweet, he told the American network in an interview that the advice was meant for business owners and consumers alike. + +He said consumers should postpone buying big basket items that they have been eyeing for some time and big businesses should also go slow on acquisitions and capital expenditures because the US economy is likely to be in a recession "very soon". + +“Take some risk off the table,” Bezos told CNN. “Keep some dry powder on hand... Just a little bit of risk reduction could make the difference for that small business, if we do get into even more serious economic problems. You’ve got to play the probabilities a little bit.” + +“The economy does not look great right now," he said, adding, "Things are slowing down, you're seeing layoffs in many, many sectors of the economy". "The probabilities say if we're not in a recession right now, we're likely to be in one very soon." + +The fourth richest person in the world said many people may be “feeling the pinch now” because of the extended economic downturn, but he appeared confident of a reverse in the trend in the coming time, saying as an optimist he believes the American Dream “is and will be even more attainable in the future”. + +Several other leading investors and analysts too have cautioned the American public about an impending recession. They have cited the Federal Reserve’s continuous efforts to curb inflation, which increased to a 40-year high of 9.1 per cent in June and remained at 7.7 percent until a month ago. + +In the interview, Bezos also said that he will donate a majority of his $124 billion net worth to charities to fight climate change and growing social and political divisions. + +Source: [https://www.business-standard.com/article/international/keep-cash-on-hand-don-t-buy-tv-fridge-this-holiday-season-jeff-bezos-122112000376\_1.html](https://www.business-standard.com/article/international/keep-cash-on-hand-don-t-buy-tv-fridge-this-holiday-season-jeff-bezos-122112000376_1.html) +I don't understand how the dollar value if the underlying companies are converted back into pounds. Is the ETF hedged against exchange rate risk? Or does the £ value of the ETF fluctuate as the exchange rate fluctuates? What are the costs/expenses of the ETF? Can I buy the ETF direct from Vanguard? Thank you very much. +RavenX is the first automatic donation token. Automatic as in NO HUMAN INTERVENTION IS NEEDED to move donation funds around - there is no trust needed. It automatically donates 2% of each transaction to the Binance Charity Wallet. + +$1 Million has already been donated! Over 1600 BNB in less than a month! 50% is going to Binance Lunch for Children and 50% to Crypto vs Covid. (The amount shown on the website has dipped to less than a million because the donations are in bnb and BNB tanked recently) + +This is literally a printer for charity! Sitting at a 4.5 million market cap, it has accomplished more than tokens with 50x the mcap. + +RavenX will donate forever, as long as trading volume exists. + +At just over a month old, RX has had organic, steady growth. 19k holders. ATH market cap was around $20 million. Sitting at $4.5 million. + +Taxes - 6% taxes are taken off each transaction - 2% is burned, 2% is redistributed to the holders, and 2% is donated to the Binance Charity Wallet. These charity donations have been verified by Binance Charities. You can see for yourself on the blockchain. + +Around 420 million $RX tokens are left in supply (around 80 million burned). + +As volume continues to rise, donations and burning go up too!!!!! We may see a point where $RX donates $1 million every day!!!! + +This can literally change the world. + +To buy - use either the RavenDex on their website (recommended) or Pancake v1. Also $RX is listed on the Whitebit exchange. + +Buy and sell NFT's on their marketplace! (Also on website) + +I want to give a shoutout to Jeff! You know who you are! You are freaking awesome! + +Secondly - I have a disclaimer: This is not financial advice. Always DO YOUR OWN RESEARCH before investing in ANY project. + +**$RX Resources** + +Website: https://ravenxapi.xyz + +Telegram: https://t.me/RavenXfin + +Reddit: /r/ravenx + +Twitter: https://twitter.com/ravenxfin + +Chart: https://dex.guru/token/0x8891de345808e77228677f0efb56125db1e93a49-bsc + + +Are you looking for a serious project with unlimited potential? Take a seat and read. + +SavePlanetEarth ($SPE) is a crypto project that was founded by a group of very qualified people with PhD's and MBA's, one of which is Imran Ali. Imran has been involved in environmental work for the last 10 years and has established a lot of meaningful partnerships throughout the world. Quickly closing in on 80k holders, this is a project you don't want to miss out on. + +The whitepaper v3 is live as of a few days ago, and it contains a lot of in depth information, if you would like to check it out it's available on SPE's official website "SavePlanetEarth.io", there are 55 pages, but it is definitely worth the read (translations of the whitepaper are currently in development). + +SPE has just hit 2 months old, and they have already made deals with the Sri Lankan and Maldivian government (they've both mentioned working with SavePlanetEarth on their official twitter pages. in total 101 Million Trees have been contracted between Sri Lanka and Maldives, and this is just the beginning as they aim to get 1 Billion trees agreed this year! It doesn't stop there though, they plan to delve into many other initiatives such as helping clean our oceans, produce cleaner water, cleaner beaches, solar power, the list goes on. Ultimately, the token will be sold on carbon credit exchanges as well as a cryptocurrency ones. + +SPE is on the binanace smart chain, with locked liquidity and a 20m market cap (up 50+% today). They have had 2 audits done, and a 3rd is underway by Certik. They're currently on 5 exchanges, Bitmart, Hotbit, Whitebit, Cointiger, and PancakeSwap, and they also have an integration called SPEswap, that allows you to buy it directly from their website. + +The app has been launched and has many useful features for quality of life enhancement with tracking things that have been developed already, and there are a lot of revolutionary things to come. The merch store is also being worked on and is in progress, they're in talks with a few different suppliers right now. + +SavePlanetEarth's main goals are as follows. +1. Become carbon negative. +2. Help all cryptocurrencies become carbon negative. +3. Help all of humanity become carbon negative. + +Seriously though, what are you waiting for? +Most newbies think that Crypto is something that will make you rich overnight, and they end up investing in low market cap coins before they "moon". Of course a few of them might have the potential to give you great returns, but a lot of people completely end up ignoring the risk factor. + +# CryptoMoonShots vs r/Cryptocurrency + +https://preview.redd.it/azvhoo2o3nb81.png?width=1099&format=png&auto=webp&s=d6668d709c5ff7f2f82bd1a4ef1ce276700af48d + +The CryptoMoonShots subreddit has even started to outpace the Cryptocurrency subreddit in terms of growth. It is a terrible thing to see considering the vast majority of the cryptocurrencies advertised there there are complete scam projects. + +Don't get me wrong. Some low market coins do have great utility and great future potential, but when you start going lower into the low millions or hundreds of thousands, the risk far outweighs their benefits. + +If you are new to Crypto, the best thing you can do in Crypto is DCA and accumulate larger projects for the long term. Crypto is not the stock market, and deviating away from trusted projects or trying to rely on technical analysis is very risky. + +TLDR: Unfortunately a lot of the newbies that are joining Crypto are completely ignoring even top 100 coins and are choosing to put their money in these shady "get rich quick" schemes which is nothing short of gambling. +We know you don't want to think of your demise - but bare with us for this article. It's really important to prepare a Will. + +Peace of mind is very important, both for you and your loved ones after you are no more. You would not want to be the reason for your loved ones’ quarrels after your death. Prepare a Will and tick one thing of your to do list today. + +**What do we cover in this article?** + +* 5 reasons you should prepare your Will today? +* When should I prepare my Will? +* How do I make a Will? +* Practical Issues + +See our simple 4-step process for preparing a Will below! See video here - [https://www.thegalacticadvisors.com/post/prepare-a-will](https://www.thegalacticadvisors.com/post/prepare-a-will) + +### 5 reasons you should prepare your Will today: + +**1. Distribution of assets as per your wish:** + +A Will helps you decide how your estate is distributed after your death. The distribution of assets is done as per your wish and you can distribute your estate in any way you deem fit. + +In case you die intestate i.e. without preparing a Will, your estate is distributed by the court based on the respective law governing you. A Will being a legally binding document, ensures that distribution is done as per your wishes. + +**2. Care and protection of your children:** + +A provision can also be made in your Will to ensure the safety, security and proper care of your minor children. A well drafted Will can make sure you decide in whose care your minor children will be in. Being minors, they may not be entitled to receive your property. + +The Will makes provisions for the care of the property and its utilization until such time your children attain majority and are legally competent to receive property in their own name. In the absence of a Will, the court takes it upon itself to appoint a guardian/ward for your children. + +**3. Obtaining a probate:** + +A Will speeds up the process to obtain a probate from the courts and smoothens the execution of your Will. + +**4. Estate tax:** + +In many jurisdictions, a Will can help you to reduce your estate tax burden. + +*Note: Currently there is no estate/inheritance tax in India.* + +**5. Reduce litigation:** + +A Will ensures that after your death, there is no litigation as to the distribution of your assets amongst your legal heirs and other dependents. + +### When should I prepare my Will? + +What is the correct time to prepare a Will? At what age should I prepare a Will? Am I too young to prepare a Will? We answer all these questions in the next section. + +* Benjamin Franklin once said, only two things are certain in life, death and taxes. +* Many people are under the false impression that a Will only needs to be prepared after attaining a specific age. This is a completely incorrect notion as no one knows what lies for them ahead. +* The law does not specify any age for preparing a Will or even to prepare a Will for that matter. +* In our professional opinion and based on the cases we have dealt; a Will should be prepared as soon as: +* one has any assets, whether movable or immovable, in his own name +* the number of legal heirs/dependants on a person are many in number +* you have minor children and live in a nuclear family / do not have anyone else to look after your children as guardians in case of your death +* you attain the age of majority, i.e. 18 years in India + +### How do I make a Will? + +There's 2 ways of doing this. The easy way? Contact Galactic Advisors and we'll help you out. The hard way - DIY. See the process below: + + +1. **Make a list of all the assets you own and liabilities you owe.** This includes all your movable, immovable, Indian, foreign assets and liabilities. Leaving behind even the smallest asset/liability might lead to huge future litigations. Also, it is advisable to talk to your family members/close friends/loved ones before finalising your Will. +2. **Decide what do you want to distribute and to whom.** It is imperative to be extremely specific. Any ambiguity may lead to long drawn legal battles in the future. +3. **Appoint an executor.** An executor, as the name suggests is a person who will carry out the instructions as mentioned in your Will. He will oversee the distribution process of your assets and fulfilment of your liabilities. It is advisable to appoint a trustworthy and unbiased person as the executor of your Will. Generally, an executor is a friend or a close family member who knows the ins and outs of your family and has cordial relations with the legal heirs. However, you may also consider appointing an external person like your Chartered Accountant, Advocate etc. as an executor. +4. **Drafting the Will** in a clean and simple manner leaving no scope for any future litigation. +5. **Signing and dating the Will** in the presence of 2 legally capable adults. It is not mandatory to register your Will as per the laws in India, however, it is recommended to do so. A Will which is not dated or signed Will not be considered as a valid Will. +6. **Placing the Will/ copy of the Will in the safe keep of the executor** or any other responsible person. +7. **Getting the Will apostilled** if required by the laws of the country of residence or the country in which the assets are situated. + +### Practical Issues + +Preparing a Will is a simple task. However, there are various legal aspects one needs to be aware of before preparing his/her Will. + +The smallest of grammatical errors may result in a completely different result. There are various other hurdles one may face while preparing his/her Will. Some of the major concerning questions we've faced include: + +* Applicability of a Will prepared in India on assets held outside India and vice versa +* What happens to the joint account holder in the bank account or demat account? +* Co-owner v. joint owner – difference between both and its impact on preparing a Will +* Nominee v. Legal Heir v. Beneficiary of a Will – who gets what? +* What happens to the right of a nominee? +* Is a separate Will required to be prepared for each country in which one as assets? +* Taxation of inheritances bequeathed in a Will +* What happens in case the beneficiary of a Will predeceases the person making the Will? +* What happens to the assets which are not mentioned in a Will either on purpose or by mistake? +* Enforceability of a Will +* Applicability of obtaining a probate +* Will v. Trust? Which is better for you? +* Including details of your social media accounts (eg. Facebook and Instagram) in your Will to make sure the details/information/control of those accounts do not fall in the wrong hands +* A new Will supersedes all the previous Wills made +* Getting a Will registered and apostilled – recommended or mandatory? + +Obviously, we're not trying to discourage you from preparing the Will - quite the opposite. We recommend making a Will as soon as possible. Like we said, leave nothing up to chance. +[https://www.team-bhp.com/forum/indian-car-scene/213029-august-2019-indian-car-sales-figures-analysis.html](https://www.team-bhp.com/forum/indian-car-scene/213029-august-2019-indian-car-sales-figures-analysis.html) + +5K lesser cars sold in Aug compared to July. +My husband has zero interest in the details of our finances, and he trusts me completely to manage everything. He works ridiculous hours (80-90 hours/week) and he has no time/doesn’t care to know any of our logins and passwords, and I doubt he could even list all of the financial accounts (checking, retirement, insurance, investments) we have. I’m 38 and in good health, but I’m worried about what happens if I die or become incapacitated unexpectedly. What’s the best, most secure way to make sure he has all of the banking and insurance information in case he needs to access it all without my assistance someday? + +EDIT: Wow, thank you all for the helpful ideas and recommendations! I am understanding that a three-pronged approach may be best here. + +1. I will put together a BINDER with lots of information about our accounts (institutions, account numbers, notes about what the accounts are used for but NOT Passwords) and other contacts like the kids' doctors and SSNs and stuff. I will also make photocopies of important documents and put them in plastic page protectors in the binder. I am looking into getting a fireproof safe or bag, but my head is spinning with the number of options, so if anyone has one they love let me know! Heavy for anti-theft, light for ease of grabbing in an emergency? Digital, combination, or key lock? What brand, where to store it? All of the questions! + +2. I will get us a digital PASSWORD MANAGER like Bitwarden, LastPass, Keepass, Dashlane, etc. I've been using the password manager on my iphone but I like the idea of it being accessible from other devices too, especially so it can update automatically if I have to change a password (yes I have at least one account where I am forced to change my password regularly- very annoying). + +3. I will bring in a THIRD PARTY and walk them through the binder and the existence of the password manager (I have many trustworthy options so I'm not worried about that). + +This will help me to feel so much better about the idea of what happens if I can't do it all anymore. As much as I HATE to think about this stuff (I was literally just up for four hours in the middle of the night thinking about it), it is so important to leave our loved ones with the best chance of the practical stuff going well if we die, because the emotional stuff is overwhelming enough as it is. Also, this discussion has made me realize how much I need to address this topic with my parents. + +A few more things. My husband's name is on all of our accounts so that is good. Yes I know he works too much. Believe me when I say I have tried everything to get him to give himself a break. Sometimes people are who they are. And lastly, some commenters suggested using Mint or similar to collect account and bidget info. I use YNAB faithfully every day, and you have made me realize how valuable that will be for my husband in the event he needs to know everything fast. I did log him in on his phone and show him how it works right after I started it, about a year ago. I don't think he has looked at it on his own since then, but I will remind him of his access to it. Almost all of our bills are on autopay since I mastered YNAB, so in the binder I will also leave info about the autopayments as well. + +EDIT #2: Thanks to those who suggested googling Erik Dewey. He has a FREE resource in PDF or excel form called “The Big Book of Everything.” I got the excel sheet this morning and I’ve already started filling it out. It’s extremely helpful. I will email it to my husband when I’m done (password protected), and also print it all out for the binder. + +EDIT #3: There is some doubt about how fireproof a safe can be. If you do use one, don’t put plastic (like page protectors) in it, because it will melt in a fire and ruin the papers (which can handle more heat). Also, definitely going to check out Everplans, which seems to be an interesting service. Digital backups of documents are important. +You know fam, it's been a mutha-fuckin strange year to say the least. + +COVID has impacted us like no one imagined, as a result the world looks very different to how we probably thought it would. Babies first Apocalypse has come and for us, people lucky enough to not have complete and utter morons in government(the bar it appears is pretty low here), the worst appears to have passed. + +Markets were wild, fortunes were ~~made~~ lost, general bedlam ensued. + +The Bears were primed, the Printer was loaded, The Hot Crapper Circle jerk went into Over-drive, Twitter got flooded with stonk lords and FaceBook.................................................................................... + +&#x200B; + +well its FaceBook........ + +&#x200B; + +Autismo's everywhere were crying out for something else, something different, somewhere to belong. + +&#x200B; + +And as they say, from crisis comes opportunity. + +&#x200B; + +Like a Phoenix from the ashes, r/ASX_Bets has arisen and spread its fiery wings across the reddit landscape, pushing us up close to 30,000 members in just over 9 months. I'm sure one of you math nerds can graph that shit for us, but its enough to say its pretty fucking impressive. + +&#x200B; + +[YOLO Bitches](https://preview.redd.it/isagbc1c5c561.jpg?width=555&format=pjpg&auto=webp&s=71cd144bd4cab7653efc3c71968ea91863bc6a30) + +And we couldn't have done it without you, each and every one of you perverted little degenerates plays a role in making this the sub of infamy that it has become, your demented ramblings, crazy bets, foolish predictions, shit-posting, wins and of course the loss porn meld it all together in a way that only the high functioning can. + +&#x200B; + +(True, we also manage to fit some exceptional **DD** in there as well) + +&#x200B; + +So in the spirit of giving this Christmas, your friendly neighborhood Mods are handing out some small pressies, generously donated by one of our finest Autists. + +&#x200B; + +&#x200B; + +Below, you'll find a poll the Mod team has put together comprising of some of the favorite contributions on the sub to date. + +&#x200B; + +Vote for your favorite moment or user on the poll attached, top 2 will receive a special little something in their Christmas stonking this year... + +&#x200B; + +&#x200B; + +\- We have u/HussySmurf, creator of the finest video submissions to date, including our legendary [Melvin Ban Video](https://www.reddit.com/r/ASX_Bets/comments/j3snfk/today_for_crimes_against_rasx_bets_melvin_butters/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- Or maybe you favor u/BigJimBeef, whose tireless efforts in all things **MeMe** have provided us all with so many laughs this year. + +&#x200B; + +\- Coming in from the **REAR** we have u/plucky26, who is currently serving a ban for the ICI market-cap bet but to be honest, the place simply is not the same without them haunting the daily thread and posting random polling options. + +Our more seasoned users surely can never forget the '*long night of anal polling*', Mods are still in therapy sessions over this. There were so many deep deep holes in the ground with liars standing next to them this night. + +&#x200B; + +\- Who can forget [u/DanTheManTheMate](https://www.reddit.com/user/DanTheManTheMate/), the [luckiest ZIP YOLO'er ever](https://www.reddit.com/r/ASX_Bets/comments/j6l1sa/hi_im_retarded_and_bought_5000_units_of_z1p/?utm_source=share&utm_medium=web2x&context=3) and the resulting chaos that it caused around here. + +&#x200B; + +\- Or perhaps you are a fan of [u/ItsmeElliot](https://www.reddit.com/user/ItsmeElliot/), who created the [Introduction to r/ASX\_Bets video](https://www.reddit.com/r/ASX_Bets/comments/ja4b9w/helpful_guide_for_new_members_happy_20k/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\-We also leave open a wildcard. Nominate a person. The highest voted nomination will be added as an option. Maybe we forgot someone you loved. + +&#x200B; + +Clink on the links or users above to re-live these moments prior to voting on the poll, also highest upvoted comment on this thread will receive a spot prize. + +&#x200B; + +Its a unique and pretty off the wall community we have created here, so take a bit of time over the break to reflect on what life would be like without our deranged, anonymous, slightly worrying in a *'you potentially need medical attention*' way, combative but wholly hilarious perverted little family. + +&#x200B; + +Have a good chrissy fucko's, raise a glass to r/ASX_Bets (preferably minus pubes, fake shit and baked hats) for all it has provided us throughout the year, Mods have had a blast and we all look forward too continuing on the lunacy bigger and better in 2021. + +[View Poll](https://www.reddit.com/poll/kiek27) +Alright, I don't know precisely how this ties into MOASS, but I do know this subreddit is particularly interested in information about irregular economic activities that indicate we are nearing an economic black swan event. + +I noticed something particularly odd today... something that I know almost NO ONE is paying attention to. + +**The Federal Reserve has quietly accumulated $164B worth of the IMF's international currency called the Special Drawing Right, or SDR.** + +Source: [https://www.federalreserve.gov/data/intlsumm/current.htm](https://www.federalreserve.gov/data/intlsumm/current.htm) + +# So wtf is an SDR? + +SDR's are the currency that the IMF used and still uses to bailout countries. You may recall that the IMF was bailing out countries like Greece and Ukraine a few years ago, and the news stories were always reported in "*bailouts worth X billion USD*". I have been paying attention to SDR's ever since the day I decided to dig a little deeper and figure out who was actually paying for all those bailouts. Turns out the IMF was not sending these countries greenbacks, they were instead paying them in SDR's. + +These SDR's were once a unit that was backed by physical gold, but in recent history they have been reformed and they are exchangeable for a basket of fiat, which is reflective of the global economy. + +Currently the SDR is backed by a combination of the U.S. dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling. + +You can read more about the Greece SDR payments here on trusty Wikipedia: [https://en.wikipedia.org/wiki/Greece\_and\_the\_International\_Monetary\_Fund](https://en.wikipedia.org/wiki/Greece_and_the_International_Monetary_Fund) + +And you can read more about the IMF's public information about SDR's here: + +[https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/14/51/Special-Drawing-Right-SDR](https://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/14/51/Special-Drawing-Right-SDR) + +# Why does it matter? + +In my experience, SDR's and their use are NOT widely discussed or even known about by ANYONE ANYWHERE, so I encourage you to do your own research. + +That being said, I am personally of the opinion that despite the way the IMF talks about SDRs "not being a currency", the SDR is in fact a de facto global currency... because they create them and then use them to give countries money. + +Given their history of being used to bail out nations, SDRs are the ultimate backstop for the global economic system. + +I also personally believe that every single global government was on a mathematical path to long term insolvency, BEFORE the pandemic. The fact is that they ALL spend more money than they bring in, and that math doesn't lie. + +The question then remains, what would happen when it comes time to pay the piper? + +I am firmly of the OPINION that the response to a real global economic shit storm will be to bail out entire nations and their central banks. And I am firmly of the OPINION that this will be done by the IMF using SDR's. + +Remember when the governments had to bail out the banks? Well who bails out the government next time? The IMF. + +How do they do it? SDRs. + +So I wonder why the Fed suddenly own $164B worth of em. + +# TLDR? + +**The Fed is quietly loading up on an international currency that will be used to bail out the world after the mother of all shit storms.** + +&#x200B; +It might seem dumb but how do economists think about things, the world, economic problems? + +What is the thought process you use when you consider an issue. Thanks. +Lately I have been informing myself about economics, I want to learn more about it. In one of the readings I came across the 2008 crisis came up. From what I understood the economy crashed because banks started lending money to everyone and their mother. Things like mortgage backed securities came up, I didn't understand what this was and ended up getting confused. + +Can someone explain? I'm a CS major and all of this id rather confusing for me. +Hello, r/askeconomics! + +I have a question for those of you who have done graduate study in economics and lived to tell the tale. + +I am a junior economics student; currently considering the possibility of pursuing an economics Ph.D. in economics with the goal of becoming a professor. + +On paper, an econ Ph.D. seems like a great career choice. I like economics, I love to teach, and economics instructors seem to be relatively in demand. Also, a Ph.D. in econ would be relatively cost-effective compared to other social science programs. + +However, I am not sure I have what it takes to get a Ph.D. In particular, I am not sure if I can handle all the math and stats required. I am not necessarily bad at math; I have taken calc 3 and foundations of mathematics, and I got As and Bs in all my math classes. I also did fine in my econometrics class. However, I am taking linear algebra right now, and am barely keeping my head above water. I feel like I am hitting a wall in my mathematical abilities, and am concerned about my ability to continue in more rigorous math classes. + +Also, while I somewhat enjoy statistics, mathematics is one of my least favorite subjects. I do not dislike most math; I guess you could say I have been strongly indifferent to most of my classes (though I hate linear algebra with every fiber of my being). Furthermore, it seems to me that the further I go in my studies, the more my classes have to do with complex mathematical models that have little to do with real life, and less to do with the fundamental economic questions, such as, “Why are some countries rich and others poor?” and ��What is the connection between economic policy and human behavior?” that originally got me into economics. Math is okay, but I don't want to spend the next several years of my life studying math for its own sake. + +I am led to understand that most graduate programs in economics are incredibly math-heavy, so I guess my question is this: If I love economics, but I neither enjoy mathematics, nor am exceptionally good at it, is a Ph.D. in econ worth the trouble? Or should I look into a less quantitatively rigorous program that might let me study similar questions, such as Public Policy or Political Science? Sorry for the lengthiness of my post; I would appreciate any advice you have! + +TL;DR. I want to teach economics, and I’m okay at math, but I don’t really like it. Is an econ Ph.D worth it? +Like I've heard from one source that they came up with some ideas like opportunity cost which is a mainstream idea, but I'm not sure if they came up with it. +Hey guys, + +I would like to get everyone’s opinion on my fiscal situation, and if i should be trying to save more. + +I’m a 25M, no debt at all, live in a HCOL city and pay $1900 a month in rent. I have $10k saved in emergency fund and then an additional ~$20k invested in the market that I’d prefer not to touch but would dip into if need be. I just accepted a job that pays 80k base with a 25% bonus (current job pays 82k and no bonus). I put $1,000 away each month and put 9% into my 401k (12% with employer match) and that account is at $22k. + +Also my father passed away about 3 years ago and i received a little more than $500k that i have invested with a stock broker. + +Am i living within my means? Should i be trying to save more? I currently try to save as if i never got that inheritance, but I’m a fool to just totally write it off. I would like to get a new car in the next 12 months, as mine has seen it’s better days. I would be able to get about $10-15k for it so i would use it as a down payment on the car i want (jeep grand Cherokee that’s roughly $45k). + +Thanks for any and all insight and advice y’all i appreciate it +Apologies I've been a bit slow to publish the results from the [survey I did on UKPF in November](https://www.reddit.com/r/UKPersonalFinance/comments/jxmtk9/how_has_the_pandemic_affected_your_financial/). + +Thanks to all the 2,300+ of you who responded! It turns out.... + +* 64.2% have either 'increased their savings' or 'saved a substantial amount' +* main reasons for this are: 81.6% 'not socialising with friends & family' + 76.5% not going out for entertainment + 67.6% not commuting or using public transport + 60.8% not buying lunch at work +* 37.6% of respondents say they've used these extra savings to put money aside to buy a house +* yet only 32.9% feel optimistic about buying a property + only 8.4% feel now is a good time to buy + only 7% feel they have a wide range of mortgage options available to them +* 28.8% say the pandemic has made them want to buy a home with outdoor space + 29.5% want to buy a home with a spare room for an office + but only 8.6% feel like they want to move out of an urban location + +Nothing unexpected in there, but it's good to quantify the trends people and press were discussing anecdotally. + +I should apologise for not doing a great job structuring the questionnaire, as was made clear to me in the original post. If there's a next time, I'll make sure to do a better job. +I see a lot of hate on GameStop because their beta market is having big errors when we should be HYPED that their first collection is getting so swamped it has flooded their servers. The company is making bank. Criminals are likely attempting as many attack hacks on the marketplace as they can right now but they are fucked. I love the stock! Fuck off FUD bitches +I made a post a while back about a property we bought and planned to BRRRR. I had a few comments asking to follow up with the finished product, so wanted to share :). ([Link to photos](https://imgur.com/a/D51JyQ5)). I can also share the Airbnb links if that's allowed (don't want to come across as self-promoting). + +&#x200B; + +I found this deal through a wholesaler on FB. It's in a historic near where I live that I've always wanted to buy a property. It's a shotgun (New Orleans Style) duplex. Only 1200sf total with 1 bed/ 1 bath on each side. I negotiated a 3-month bond for deed from the wholesaler who originally purchased it, then got a construction loan from a local bank. After the renovation was complete, I refinanced again into 30-yr freddy/fanny loan. We did a cash out refi and got all my cash out except for \~$15,000 (renovation cost much more than expected). We renovated just about anything you can think of with this place. It was a disaster. The foundation was so bad it felt like walking in a fun house. New panel, new roof, refinished the floors, brand new HVAC system in both sides, etc. I originally planned to rent it out to long-term tenants ($850 & $950), but a friend of mine convinced me to test out AirBnb with one side, so I gave it shot. I had a long-term tenant on one side and Airbnb'd the other side. The Airbnb rental is much more work ( also much more enjoyable), but the numbers are WAY higher than I expected! I anticipated getting around $1200-$1500/ month average (rather than $950 for a long term tenant). We haven't had a single month below $2,000 and a few months right at $3,000 for just the one side. When Hurricane Ida hit, we had a good bit of damage to the side with the LTR, plus his job moved him to another state, so we ended up converting that side to Airbnb also. Here are the numbers so far: + +Purchase price: $79,900 + +Renovation: $65,000 + +Airbnb decor/ Furniture: $14,000 + +Current PITI: $950/mo + +Rental income if LTR: $1,900/mo + +2021 Airbnb income: $16,100 (Aug-Dec) + +2022 income YTD: $4,000 (Feb booked with an additional $5,000 coming in)\* + +\*we average $2,500 per side with Airbnb. + +Appraised Value: $200,000 (although it would take substantially more for me to sell) + +30-yr loan amount: $160,000 +So far - + +* 3 year lock in (but still better than all others) + +* potential of equity risk ( but over long term equity doesn't loose) + + +What else? + +- +Edit - + + My final gist is + +1. ELSS as SIP ( so you don't invest on top of the market, ever ) + +2. 50-50 out rs. 1.5 lakhs goes to ELSS and PPF + +3. 3 year lockin is not worth talking about since all others are longer. +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/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period.