diff --git "a/reddit_finance_43_250k_155.txt" "b/reddit_finance_43_250k_155.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_155.txt" @@ -0,0 +1,10000 @@ + +It gets a little boring from here but for the sake of completion... + +&#x200B; + +https://preview.redd.it/kpl5ftiyrik81.jpg?width=794&format=pjpg&auto=webp&s=a642681f528ac14a2c6952ab35d211aba9e0c645 + +Notice the clauses “pursuant to the provisions” and “evidenced by such certificates”. All of these requirements pertain to securities owned by CEDE, not every security. + +Paragraph 7 pertains also to securities not contained in the Balance certificate but are to be registered in the name of CEDE. + +Example: + +Grandma wants to sell her Telephone stock for said lambo. But instead of a broker, she sends the certificate to Computershare. Computershare then reregisters that paper share into the name of CEDE. This could be added to the balance certificate for the DTC but if it is not, the transfer agent must present that certificate to the DTC. + +Then there is a whole section about what happens if there are missing securities, and the amount of insurance the transfer agent has to have for any physical accidents while securities are housed or in transfer. + +https://preview.redd.it/g3scx715sik81.png?width=802&format=png&auto=webp&s=f2c2f4b3eee6b06866460a702ee82807e5d7b221 + +And then we see why they sometimes create multiple balance securities…. + +https://preview.redd.it/l6w6xvxbsik81.jpg?width=778&format=pjpg&auto=webp&s=980b3aa1101c613fd51f0d2a7b8125b8813f28a8 + +…So that if there is a dispute on a portion of the securities owned by CEDE they can still provide a balance certificate for the rest and if the balance security contains an excess value of what was insured, they can break it up. + +(This is most likely why Computershare was able to increase the sellable Limit for Gamestop stock. Gamestop probably authorized an increase in this deliverable insurance….. Bullish) + +&#x200B; + +[ ](https://preview.redd.it/7vjyq6dhsik81.png?width=747&format=png&auto=webp&s=c76c9fb2c0a1f6a24cc94a3680f0680c7e568054) + +The transfer agent may act according to the terms of this agreement or it may ask for more authentication as it feels necessary. + +And finally reasons for termination of this contract and basic disclaimers for non-negligent induced losses. + +https://preview.redd.it/kjx0vbzusik81.png?width=775&format=png&auto=webp&s=a82895f754c6278b74d0475f63de51d7a3e62c65 + +So in the end it is a pretty standard contract but has nothing to do with shares held in Direct Registration other than the method that shares are added and subtracted to CEDE and Co when your Registered shares are moved in and out of Direct ownership. + +One other interesting tidbit to note is that the **DTC doesn’t even hold these Balance Certificates themselves. The transfer agents do.** Which is made even more interesting when you realize that the entire reason for the DTC existing was to hold these certificates… + +When people try to call me on this claim, I used to direct them to this [video](https://dtcclearning.com/videos-page/player/86/381.html) put out by the DTCC that has 2 DTC employees chatting about how the FAST system works and explaining that it allowed them to decentralize the holding of certificates. + +Lately the DTCC has decided that this video should be put behind a paywall even though it doesn’t really give out any specifics of anything else. I guess they wanted to make sure only people they knew had access to that information. + +Oddly enough, it seems that someone had the foresight to download and save this video before the paywall was put up. He saved that video on a Google drive. If you want to view it the owner of the site might see your email address (or so I have been told) so you may want to use incognito mode to watch it [here](https://drive.google.com/file/d/1th7I1ctb0tIm96OE3vFplIRTqZh1xTO9/view). + +**TLDR: When you DRS your shares the shares are deregistered from the nominee name of CEDE and Co and registered in your name as specified in the 'FAST' contract between the DTC and the transfer agent (Computershare). The legend on the FAST agreement contract only applies to shares registered to CEDE and Co. not to shares registered in your name.** + +Anyways, Thank you for listening to an old lady rant. 💎✋🚀♾🟣 + +\*This is not Financial or Legal advice of course. You have to pay someone for that kind of thing! + +Ape no fight Ape! Please be gentle + +Source links will be in the comments + +Please leave questions in the comments, I will answer if I’m able (I am afraid of direct messaging👀) + +Edit: expanded the TLDR for clarity +By winning the suit against ripple and the execs (for anyone who’s been following the suit ripple are absolutely smashing it) there will be case precedent. + +They will have the big fish and case law. + +This means any ico or sale of crypto from the inventors of said crypto will be targeted. There’s one thing the SEC likes and that is money. + +They can see an untapped wealth of fines and settlements here and they want to be the regulator who controls crypto in the USA. You might hate Xrp, but right now ripple and their lawyers are preventing the SEC from getting their hands on the crypto market. + +I have been following this case very very closely, the BtC Is The BesT tHe ResT aRe ShiTcOinS mentality is fcking stupid. If you cannot see what the SEC is trying to do here then good luck. Legit good fcking luck. EVERYONE should be paying very close attention to their strategy I KNOW those who are launching ICO's and have done in the past are and are seeking legal advice. The SEC is going for the keys to the kingdom via ripple. + +Fortunately + +Ripple, Brad and Chris went and hired a whole bunch of ex sec lawyers, including commissioners to represent them and they are doing an exceptional job. +Relevant for USAA auto insurance members: + +[https://communities.usaa.com/t5/Press-Releases/USAA-to-Return-520-Million-to-Members/ba-p/228150](https://communities.usaa.com/t5/Press-Releases/USAA-to-Return-520-Million-to-Members/ba-p/228150) + +Relevant passage: + +>USAA, the country’s fifth largest property-casualty insurer, will be returning $520 million to its members. This payment is a result of data showing members are driving less due to stay-at-home and shelter-in-place guidance across the country. Every member with an auto insurance policy in effect as of March 31, 2020, will receive a 20% credit on two months of premiums in the coming weeks. + +I've been a member of USAA for 15 years; I know that I pay a premium over what other insurers charge, and my dividend has been lackluster over the past few years as the company has pursued aggressive growth, including massive TV ad campaigns, but I have had nothing but good experiences with claims. In my life, I've submitted three auto claims and one renters claim; every single experience has taken an incredibly stressful situation and made it just a little bit easier to manage. + +This action - while probably just the first in a round of similar actions by other insurers - exemplifies why I continue to be a member. I know some folks have had rough experiences with them, but mine has been nothing but positive. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +https://s3.ap-southeast-2.amazonaws.com/hdp.au.prod.app.vic-engage.files/8615/7343/6424/Regulatory_Impact_Statement.DOCX + +https://s3.ap-southeast-2.amazonaws.com/hdp.au.prod.app.vic-engage.files/9615/7300/8175/Proposed_Residential_Tenancies_Regulations_2020.docx + +Speaking to several property managers both metropolitan and regional, they are extremely concerned about the fallout from these changes. The vibe is that many landlords are unwilling/ unable to conform to the regulation (energy efficient appliances, heating requirements and the other minimum standards) and are considering withdrawing their properties from the rental market and offloading them as a result. Obviously this will impact rental prices as supply diminishes however will the flurry of properties on the market destroy any hope of price climbs? Being investments that can no longer generate a yield (as they are untenable or discounts are offered due to non-conformance) I expect these properties to be sold in a hurry and quiet possibly at a discount to ensure a swift sale. + +Further to this, who will buy them? Other investors will probably stay clear due to the costs of rectification. This will obviously impact older properties more so. Poorly maintained inner fringe and regional properties come to mind. + +Some of these changes will be extremely expensive. Upgrading heaters, new appliances and upgrade to switch boards are just a few. + +Any thoughts on this? RE industry is very worried at the moment from what I’m told. More so from a property management side. I am told (sounds far fetched so could be wrong) that agencies will be forced to refuse to have these nonconforming properties on their books. This will also heavily burden agencies financially as rental income makes up a substantial income stream for these businesses. + +Personally, I think these changes are great. Everyone should have the right to live in a comfortable environment. It encourages landlords to keep properties up to date. Unfortunately all investment comes with risk via regulation. This is an example. + +I am led to believe April is D-Day. I believe it was pushed back due to COVID. + +Will this influx of properties impact property prices? +Hi all - report as my title was low effort and deleted apparently! + +New account as some people know my username. + +I'm 31 and currently have no accessible savings and in 2022 I want to change that. I've recently been promoted and with that came a nice pay rise and I feel now I'm in a position to actually save some money, invest and stop living paycheck to paycheck BUT, I have no idea where to start. ISA? Stock and shares? Savings account? No clue so looking for some advice on where to put money and advice on how much if possible. + +Goal is £2000 at the end of year. Small but its a start, I've historically not been good with money and when I have tried to save something has always happened. Saved £400? Car broken down and will cost 400 to fix etc so I'm being conservative but ideally like to save more. + +Currently earn £47500 a year I pay max pension contributions already and have about 35k built up in that, just nothing outside of my pension. Not saving for anything in particular just want to have a rainy day fund and long-term savings so we can live s bit more comfortably. + +Big outgoings +Rent £725 +Childcare £613 +Food £450 +Loan £200 (4 years to go) +Council tax £149 +Utilities £250 + +Can go into further detail if needed just really looking for some advice. Thank you for the help! +- Complex algorithms will soon be behind more daily stock trades than humans. What if the math goes wrong? + +- Complex algos will, at some point, take over the Indian stock market. Is it fair for a few well-heeled market participants to secure undue advantages with the help of technology? + +Article link: https://www.livemint.com/market/stock-market-news/algos-are-changing-india-s-stock-markets-11578840300963.html +I see policies like HDFC ERGO and Niva Bupa covering Diabetes and Hypertension from Day 1. I'm looking for something that covers Diabetes and Cholesterol from Day 1 for my parents. (both in their early 60s) + +Is there a way to minimise these PED waiting periods? Some advisors say, it's possible to get a PED rider to reduce it upto 1 year. Is that the minimum period upto which it can be reduced? Also, I don't see a lot of policies having this PED rider. + +My parents are already covered under my company's health insurance (TATA AIG mediclaim) I don't think how far it will benefit god forbid if we were to use them, because the cover is low. I'm not even sure if these corporate insurance covers PED anytime now. + +Hence I'm looking for separate policies where I can get my parents covered. Going through these policy wordings, reviews, etc.. is pretty stressful and making me more anxious. Pls share any tip, suggestions that might help me. Thanks in advance! +[https://www.livewiremarkets.com/wires/aussie-house-prices-fall-for-the-second-month-in-a-row-and-the-pace-of-declines-is-accelerating-quickly](https://www.livewiremarkets.com/wires/aussie-house-prices-fall-for-the-second-month-in-a-row-and-the-pace-of-declines-is-accelerating-quickly) + +&#x200B; + +"In what should come as no surprise to regular readers of this column, Australian house prices have declined for the second month in a row in June--and the pace of losses is accelerating sharply. According to CoreLogic's market-leading daily hedonic index, dwelling values across the five largest cities fell by more than 0.8% in June following on from a 0.4% loss in May. " +Hi all thanks for looking. My partner and I are likely breaking up and we were after some advice around splitting the house. Situation is: + +- 15% deposit on house when we bought 2 years ago +- I paid 60% of deposit she paid 40% +- just started 3rd year of 5 year fixed mortgage +- we have been paying 50/50 on every monthly mortgage payment + +Questions +1. Myself (60% deposit) would like to buy her out. I imagine this will involve calculating current market value, but any advice on how best to calculate what I owe that's fair? +2. How do we legally do this? As we are both co-owners of the property.... Do I just send xxx amount to her bank account and then let some government agency know I'm owner? +3. Can we do this without telling the mortgage company? Are there any implications regarding this? Fyi I can very easily pay 100% of the mortgage due to a significant pay rise since first getting the mortgage (plus I plan to get a lodger) + +Many thanks! +Tesla really are innovators, being an electrical engineer I understand the benefit their Carbon motors, battery technology and long lasting commitment to electric cars has on solving global warming and that's great + +That being said they really are slipping incredibly shady practises under the rug while being funded by an unprecedented belief in their stocks. From subscriptions for seat warmers being adopted by other car companies to criminally poor customer service and fighting the right to repair... on a car!? + +This company is going to make so many changes to this industry for the worse if left unchecked (and honestly has already) + +This sub grew to what it is today fighting rich billionairs who steal from the little guy but why let Tesla do that to their consumers? + +Anyway that being said, I'm all in on selling $TSLA covered calls because I'm out of this company, peace and well wishes fellow autists ✌ +my car battery died this week, and i had to get it completely replaced today. for the first time ever in my life, i could pay for it without having to take out debt, start sobbing, or be forced to choose between food and rent. it has taken me a long time to get to this point, and the freedom to give that mechanic my card without feeling like dying inside made me so happy. hope y’all are staying safe and healthy, sending love and stability from california. +I don't know how many of you heard of the man who got the 800k tax bill on 45k day trading profit because of wash sales rules (just Google it if you haven't cause dumb automod won't let me link it since it mentions the forbidden broker) but I got a question about that whole situation. So to all the frequent day traders/scalpers out there, how do you guys avoid such a catastrophe with the wash sale rule? I understand how the rule works I just don't entirely understand how you are supposed to not get slapped with a tax bill that is more than your profits if you continuously day trade/scalp same tickers for small profits and losses days in and out as losses are essentially disallowed in these instances but the profits are recorded. So if you have any knowledge in this area please share it with me because dumb Google gave me a bunch of articles on what a wash sale is and none on how day traders deal with it. Thank you :) !! + +EDIT: +Okay after reading all of your comments ( thank you so much for all the explanations btw!! ) here’s like a summary. Most of you don’t have to worry about this (assuming you are decent traders who can turn a profit EVENTUALLY lol). Even if you sell for a loss and buy back the same stock within 30 days the loss will be just added on onto your cost basis. So if you are scalping same tickers over and over again your goal is to eventually turn a profit on them. If you can’t turn profit on them cause you took a big loss on a ticker, stop trading it in the end of November (just to be safe) to the end of December (so 61 days passes) and your losses will get settled and everything will be good. What I think that guy did was that he had winning tickers and losing tickers but he never stopped trading the losing tickers so his 1.4 mil profit was booked and sent to the IRS but his 1.05 mil losses never settled because of wash sale and therefore were never sent to the IRS. So his 800k tax bill is on his 1.4 mil gains while his losses were not accounted for because of wash sale. So in the end just don’t be retarded :) +Look at this post by one of the shareholders: + +[https://hotcopper.com.au/attachments/rac-bisantrene-synthesis-pdf.2961879/?filename=RAC-Bisantrene+Synthesis.pdf](https://hotcopper.com.au/attachments/rac-bisantrene-synthesis-pdf.2961879/?filename=RAC-Bisantrene+Synthesis.pdf) + +Inside the PDF (54 pages) has everything you need to know about RAC's drug Bisantrene. Even if you don't agree with the valuations or are perhaps skeptical that these people are upramping and echo chambering their stock, there is no denying that there is an outstanding amount of effort and DD in this. It is a very compelling summary of what has been discussed and researched so far by their most passionate shareholders. Has links to all research and provides an eloquent commentary throughout. +Hello everyone. I am a young man in university pursuing an early and wealthy retirement. I have had a discussion with others around me on the topic of essentially whether marriage/a serious relationship can stunt a person’s growth. + +This may seem odd to ask in this subreddit, and I apologize if it’s the wrong place to ask, but seeing how this sub attracts successful and high-achieving people I figured it would garner very valuable responses. + +My question: At what age did you get into a serious relationship/married, how do you feel it may have disadvantaged you, and how do you feel if helped you grow? + +Thank you for your time, and thanks in advance for your response. + +EDIT: Thank you to everyone for all your insights! I appreciate all your responses and advice. + +I am definitely not one to choose a partner on how rich she will make me, however growing up in a poor to middle class environment has motivated me to do what it takes to be a high earner. + +I have always thought that one would be able to grow with their partner (in more ways than just financially). There are many people that preach that a long term relationship slows/stops person from reaching their full potential. All of your responses have shed light on this discussion and have given me more clarity in my thoughts, so thank you again. +Lately, there has been growing chatter around whether the current rally that we are experiencing over the past one and half years is mainly driven by speculation and if we are in one of the largest investment bubbles ever. + +>Why the Stock Market is in a bubble? - [Business Insider](https://www.businessinsider.com/stock-market-bubble-when-will-it-pop-powell-fed-stifel-2021-11)Investors are overestimating earnings growth far more than they did during the dot-com bubble - [Bank of America](https://www.businessinsider.com/stock-market-crash-bank-of-america-warning-sign-shows-drop-2021-11) + +Even professional investors whom I consider level-headed and not indulging in sensationalization are calling the current rally unsustainable. + +>This Will Not Last - [Nick Maggiulli](https://ofdollarsanddata.com/this-will-not-last/) + +Adding to all of this, we can see that the [Shiller PE Ratio is now climbing close to the 2000 dot-com bubble level.](https://preview.redd.it/095t1dtniq281.png?width=899&format=png&auto=webp&s=7db181ad101f44183162eae205bcdb5fb857e01f) + +While it’s easy to say that it’s all a bubble and we should be liquidating all our investments based on the current trend, I feel that we might be missing the other side of the story. The 2020s are wildly different times compared to the 2000s and we should not be looking at both scenarios through the same lens. There is an immense difference in the available capital, interest rates, and ability of the retail crowd to invest in stocks now compared to 20 years back \[1\]. + +So what I wanted to analyze is: **Should we really be worried about the current trends or is this the ‘new normal’ given the drastically different situation we find ourselves in?** Finally, this would give us an insight into how to manage our current portfolio and future investments! \[2\] + +**The Warning Signs** + +Let’s first look at the dive into the various concerning trends that we are observing in the current market. (Spoiler alert — there are a lot of them!) + +**PE /Shiller PE (CAPE)** + +The price to earnings ratio has been historically used to understand if the market/company is overvalued when compared to historical trends. Shiller PE is adjusted for the cyclical nature of earnings when compared to normal PE. + +The current concern is that as of Nov’21, the Shiller PE for the S&P 500 crossed 40, which is **the highest reading in the last two decades**. The last time the Shiller PE crossed 40 was during the 2000 dot com bubble (The value reached only a max of 27 before the 2007 financial crisis). + +The red flag here is that those who invested when the CAPE was above 40 last time (1999-’00) had to wait another 7 years to break even for a brief period of time (just before the 2007 housing market crash) and then wait another 5 more years before the market consistently settled above their buy-in price. + +**Money Supply Growth (Aka ‘Money printer go brrr’)** + +[1/5th of all U.S Currency in circulation was printed in 2020.](https://preview.redd.it/fzax1ecriq281.png?width=600&format=png&auto=webp&s=b59bc4f2bfde765ffab5deb3376ddae53b5fe4c3) While it might be argued that there are structural reasons why this was required, there is no denying that only a small portion went into the actual paychecks that people received and a vast majority was used for keeping companies afloat. One can argue that even the stimulus has been increasingly trapped within the financial markets and fueled speculation. + +**Increasing use of leverage** + +There are two ways of using leverage while investing. The first method is borrowing money to invest in the markets and the other is using options. Both of these have seen a dramatic rise in the past 2 years. + +[This survey conducted by Magnifymoney](https://www.magnifymoney.com/blog/news/debt-to-invest-survey/) for almost 1,000 investors shows staggering results. 80% of Gen Z and 60% of Millennial investors have borrowed money to invest in the market. More than 50% of the surveyed population borrowed more than $5k or more for investing. While leverage works great in a bull market, it can destroy your portfolio during downturns. \[3\] + +[Research by Goldman Sachs](https://preview.redd.it/kkx1cfjtiq281.png?width=854&format=png&auto=webp&s=b8af5f2398c5273fc770ba1f6a265ad3ffcf1a7b) shows an even more concerning trend. Retail brokers alone are now trading more options than ***the entire market used to do in 2019***. While this can be attributed to the democratization of complicated investment instruments by platforms such as Robinhood, Fidelity, E-Trade, etc., it’s highly unlikely that all the retail traders who are using options completely understand the instrument and the inherent risks while using it. + +**Rise of new issues and speculative assets** + +More than $600 Billion have been raised by IPO’s this year. This is the highest number of deals in the last decade or so and has even left the 2007 record in the dust. The cherry on top was [the Rivian IPO](https://marketsentiment.substack.com/p/rivian-ipo) where the company is now valued at more than $100 Billion with zero revenue and less than $50 Million in pre-order deposits. + +SPACs \[4\] also witnessed incredible growth with the number of SPACs jumping from a mere 59 in 2019 to 248 in 2020 and then a massive 559 in 2021 (As of Nov ’21). The staggering rise in IPOs and SPACs showcases the availability of cheap capital and investors’ desire to hold assets. This is very similar to the dot-com bubble where there was a [large spike in IPO’s just before the crash.](https://www.statista.com/statistics/270290/number-of-ipos-in-the-us-since-1999/) + +This is without even getting into the speculative world of Crypto where [NFTs are being sold](https://www.cnet.com/news/this-cryptopunk-nft-just-sold-for-530-million-kind-of/#:~:text=CryptoPunk%20%239998%2C%20part%20of%20a,for%20%24530%20million%20on%20Thursday.&text=It's%20the%20most%20expensive%20NFT,ethereum%20%2D%2D%20about%20%24532%20million.) for more than half a billion dollars, a coin that started as a literal joke has a market cap of $27 Billion and there are now more ICOs than anyone can keep track of! + +**Investor expectations** + +More than the P/E ratio, **i**[nvestor expectations seem to be the highest in recent history.](https://preview.redd.it/qnfuyiqwiq281.png?width=1125&format=png&auto=webp&s=fb279b8dae3bd9803be4b8f7bf26c1984f7a87b8) The price-to-sales ratio shows how much the market values every dollar of the company's sales. As we can see on the chart below, more than double the companies are trading above 10x their sales when compared to the 2000 dot com bubble. + +If you consider a [four-year time period](https://ofdollarsanddata.com/this-will-not-last/), stocks that had a very high P/S ratio have underperformed those having low P/S ratio since most companies don’t grow as per expectations. + +Now that’s a lot of bad news for anyone to digest! But, + +**Are we certain it’s a bubble?** + +There are multiple factors that can be attributed to the current rally. Just because we are in an impressive rally, it does not mean the only eventual outcome is a bubble and subsequent crash. Let’s look at the key factors that are driving up the stock prices over the last few years. + +**Low-interest rates** + +This is one of the key aspects that many miss while comparing the current rally to the 2000s dot-com bubble. Between 1997 and 2000, the fed rate varied from 5 - 6% compared to the [historically low 0.25% that we have now](https://preview.redd.it/x1408niziq281.png?width=700&format=png&auto=webp&s=ee123520c9b2ea0d2f9b10b59d6b2fd181fac446). This means that the capital available now is much cheaper (to prop up the economy after Covid) than it ever was. This is bound to have a positive impact on the stock market with investors moving their money from bonds and other lower returning funds to the stock market in search of better returns. + +**New Investors** + +It’s no secret that we all hate Robinhood. [But the data they put out during their IPO filing](https://preview.redd.it/lpojhko0jq281.png?width=935&format=png&auto=webp&s=1ede81940da2355edc282ba1feca54bad415c4b0) shows that there has been a staggering growth in new investors/traders coming to the market. All of these new investors would bring fresh capital into the market triggering another bull run which we are experiencing now. + +**401(k) and Index funds** + +As I have highlighted in [one of my previous article](https://www.reddit.com/r/wallstreetbets/comments/piyri4/the_index_fund_bubble_should_you_be_worried/)s, the amount of inflow US index funds receive is massive (more than $50 Billion fund inflow is expected to occur to just the Vanguard 500 index fund this year) and index funds are expected to make up [more than 50% of the fund market](https://www.theatlantic.com/ideas/archive/2021/04/the-autopilot-economy/618497/). According to [this report](https://www.cnbc.com/2021/08/19/401k-balances-hit-a-new-all-time-high-fidelity-says-.html) from Fidelity, the average 401(k) account now has a balance of $129K and 12% of workers increased their contribution. + +The key point being: all this new capital that is being allocated into the index funds is expected to cause a rise in the overall valuation of the stock market \[5\]. + +**What’s the implication?** + +As long as the above factors remain as is (Fed maintaining its rate and a steady supply of fresh capital) we might see the party go on much longer than expected. + +**Conclusion** + +The market of 2021 is significantly different when compared to the 2000s. As we can see there are more investors, cheaper capital, and even more passive funds that are flowing into the market than ever before. So I feel that looking at the current market and comparing it directly to the dot-com bubble is a tad wrong. + +But, that’s not to say that all is well. Almost all the fundamental indicators are flashing red and even the experts are predicting a significant drawdown in the near future. + +The expected annual return by investors [above inflation is a whopping 17.5%](https://preview.redd.it/b4vspq13jq281.png?width=928&format=png&auto=webp&s=aa81e2478da9eb80ba1b001e0a2c6b29d9313b97)(which is 161% more than what is realistic) — This is a testament to the euphoria we are seeing in the market now where a yearly double-digit return is the norm. + +Even if we are in a dot-com bubble-like scenario, [this thread from Corry Wang](https://twitter.com/corry_wang/status/1345192541545766915) perfectly summarizes the issues with making money calling a bubble in the middle of the bubble. + +Basically, even though everyone knew it was a bubble back in 2000 (Investment firms did entire conferences comparing the internet companies to Tulip mania as early as ‘98), **making money using that information was hard!** There were a few investors such as Mark Cuban and John Templeton who successfully shorted the stocks at the peak of the bubble and made a killing when the market crashed, but there were many others who lost their entire investment shorting an overvalued market which went on for longer than anyone could have expected. + +It makes perfect sense to be apprehensive about investing in the current market. But, pundits have been calling a [crash from as far back as 2017](https://fortune.com/2017/08/10/stock-market-crash-today-down-bubble-2017/). Right now based on fundamentals, the chances do look far higher. It does make sense to not make significant one-time investments in the market now. But, changing your portfolio significantly based on recent trends might not be the best long-term strategy! + +As Peter Lynch quoted, + +>Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves + +Until next week… + +**Footnotes and Existing Research** + +\[1\] The amount of commission charged per trade before the rise of the zero-commission trading model was staggering. In the 1980s average commission per trade was $45. + +\[2\] As always, I am not a Financial Advisor. This is not investment advice. Please do your own research before investing. + +\[3\] Leverage only makes sense as long as the equity you are investing into would give better returns than the cost of capital at which you borrowed. Otherwise, your losses are magnified as you have to pay the interest for the borrowed money as well as take your losses on the underlying asset. + +\[4\] For those who don’t know, a [special purpose acquisition company (SPAC)](https://email.mg1.substack.com/c/eJxdUEGOwyAMfE05ogABkgOHvew3IgJuihpIBE6j_H7d9rbIYLAGe2aCR1i2ejmEhmzfGk547eAKnG0FRKjsaFCnFB2LrrMy2JmlNt0rQPZpdWw_5jUFj2krb5SyojOCPZwJMoo4Cun16Me7hiDuYMMsNS26fYf5IyYoARy8oF5bAba6B-LeburnJn8pzvPkqbyI3rZDTJ6HLVOZmOVG-bN3H7hvO0tOdlIIobpu7K1SXHIDQUejej9bqXsV-TBUa1aVb32XF8HbMTf04fluy6rLvj4BGxRMmQ6-phcQcnlr_UBI7kQ5HyXhNUHx8wrRYT2A4dfEjy_TAgUqmRsnj04YNUijje57M3yFk1X06IXVghGHuNGv8n_8H82YjVI) is a company that has no commercial operations and is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring or merging with an existing company. It’s generally considered riskier to invest in a SPAC as it has lower reporting/regulatory requirements when compared to traditional IPOs + +\[5\] And no, this is not going to cause an [index fund bubble](https://www.reddit.com/r/wallstreetbets/comments/piyri4/the_index_fund_bubble_should_you_be_worried/). +Ok guys I've been investing for awhile, Im not the most wrinkle brain but I've got a few... I've invested in long term value stock, dividend stocks, but my favorite type (before I YOLO'ed it all in Gamestop) was the sub-penny stocks... + +(Please hang in there while I explain the opposite of GME) + + For all you smooth brain apes out there a sub-penny stock trades between .0001 and .0009 and you have the oppertunity to make alot of money.. (well what I thought was alot, before I realized the potential of GME) Let's say you buy 1,000,000 shares of a company at +.0001 for 1000$ and 2 days later you sell that stock for +.0004. Guess what? you just made 3000 dollers. Pretty good huh... + + + Well now your feeling pretty fucking good about what you just did... so you take all those tendies and confidence, and you wolf of wallstreet that shit into a cool million shares of another company at .0004 ($4000) then the next day it goes down 0003.. fuck, 0002, 0001. And you keep holding it..... you think it's going to go back up but it doesn't... Eventually you have had enough. You think ahh fuck, whatever, I'll just sell it at .0001 and get out with my initial investment, right? + +(HA HA HA!! fuck no!) + + Why not? Well sometimes with these types of stocks they go into what's called a no bid.... and that's when you are the bag holder in every sence of the word. You can put a sell order in at .0001 but it will not execute. Why? Because nobody wants to buy it.... Believe me I put a good till closed limit order in on one and that expired I did that 4 times before it finally sold... It took years BTW..... + +(This is where Gamestop comes in and why it has almost unlimited potential if you HODL) + + I was snacking on a box of 96 today and had an Apepiffiny... What happens when they need to buy but nobody is selling... + + So, as all apes know by now, gamestop is shorted.... A Fuckton... 200% 300% 400% 1000% who knows? We will find out soon, either way.... The shorts MUST cover!! + + And this being the case, along with a new breed of traders (Apes with 💎✋).. The likes of which the market has never seen before.... Will put us in a unique situation that I don't believe has ever occured..... + +In walks..... THE NO ASK!!!! + + The Bid during the MOASS will just keep rising to the next ask .... 10,000 shares at 1000... Then 20,000 shares at 2000... So on and so forth till all the paper hands have folded. All that's left is a huge army of great 💎✋🦍... And all of the sudden, the ask is blank.... The last traded price is there. The shorts still need to cover so the Bid starts rising... above the last traded price, still the ask is blank... It keeps going and going and going until one of us apes decides, well that seems like a fair price for 10 shares. $20,000,000$ done... Ape sell 10.. his account has 200,000,000$. GME Price goes to 20,000,000 stock goes to no ask again, bid rises untill another ape decides to sell, 25mil, 30mil, 32mil, 40mil.. Untill all the shorts have covered + + I'm not positive, but I don't believe volume will matter during the MOASS. The Bid will simply rise to the next ask and the shares will be bought... towards the end.. when the only shares left to cover are owned by Apes... I hope we all get to witness fellow apes HODLing.. with the No Ask... + + I have only a few wrinkles and I'm not a financial advisor... Just a guy who has experienced the opposite of the situation we are currently in... + +And my Tits are jacked.... +Still couldn't find amazon post in this sub, wanted to discuss. These are amazing numbers. It has been consolidating in this range for past 7 months. Ready to shoot up and find new base. Shares went up almost 5% after hours and strangely closed red on Friday. + +EPS: $15.79 vs. $9.54 expected + +Revenue: $108.52B vs. $104.47B expected + +Outside NA growth almost doubled and also increased their guidance for next quarter + +Aggregated price target is now raised to $4100 and highest being $5500. + +some more info + +In 2020, Amazon invested heavily on coronavirus-related measures like safety protocols and wage increases for front-line workers. As a result of these costs, Amazon last quarter forecast operating income of $3 billion to $6.5 billion in the current period. Those coronavirus-related costs are expected to slow this year, although on Wednesday, Amazon said it would spent more than $1 billion on pay raises for more than half a million of its U.S. operations workers. + +[https://www.cnbc.com/2021/04/29/amazon-amzn-earnings-q1-2021.html](https://www.cnbc.com/2021/04/29/amazon-amzn-earnings-q1-2021.html) +Hi there, + +&#x200B; + +I'm currently trying to learn Economics, but I don't know if I'm doing it the most optimal way. + +I took two eco classes in college a few years ago, I watched all the Economics videos on CrashCourse. Currently I'm going through Economics textbooks (actually I'm on my first one) from an University near me and I watch Jacob Clifford's videos on youtube. + +&#x200B; + +Are there any other resources (youtube videos, blog, some subreddit or online community, different kind of books) that would help me? + +How would you sturcture your study if you were in my place? + +&#x200B; + +Thanks! +It seems like the pepperoni ones should be more expensive, given that the pepperoni pizzas are just cheese pizzas with pepperonis added to them. + +Additionally, the pricing scheme leaves them open to arbitrage. Someone could buy pepperoni pizzas and then sell the pizzas and pepperonis separately. As long as the pepperonis sell for a positive value, this is guaranteed profit. +I'm attending a school with a pretty good economics program and I am trying to go down the honors track. I need to do some type of undergraduate research, but I don't know how to go about it. After this semester I'll only have some calc classes and macro under my belt so I feel like any type of research is out of the scope of what I already know. Any advice? +*“Compound interest is the eighth wonder of the world. He who understands it, earns it . . . he who doesn’t . . . pays it.”* — Albert Einstein + +It’s hard to understate how powerful a force compounding is. Over the years this can create a snowball effect in growing your money. + +Let’s take an example to see why it’s so important to get started early because time plays a very important role. + +Say we have friends Tina and Evan at age 25. They both start working right out of college but Tina decides to put $4,000 per year toward her retirement account right away into stocks. + +Evan decides to hold off on investing. On Tina’s 36th birthday, she decides that she no longer wants to contribute to her retirement account. After 11 years, she’s invested a total of $44,000 and won’t put in a penny more. + +Evan, at the age of 36 decides it’s time to start investing. He puts in $4,000 a year toward his company’s 401(k) retirement account. He continued this until the age of 66, a total of 31 years. Evan invested consistently for 20 years more than Tina. + +He contributed a total of $124,000 compared to Tina’s $44,000. Who do you think ended up with the bigger nest egg at age 66? + +Is it Tina, who only invested for 11 years or Evan who invested for a whopping 31 years? + +If you think Evan ended up with more money, you’d be wrong. + +Let’s run the numbers and see what they both ended up with assuming an average annual return of 10% per year. (Close to the historical average for stocks.) Take a look at the following table. + +&#x200B; + +https://preview.redd.it/8ujfujh401s71.png?width=296&format=png&auto=webp&s=a678bf78a6f6f79cddac6415033d2a2754b2de45 + +Despite investing for only 11 years, Tina managed to grow her nest egg to $1.5 million while Evan grew his to $800 thousand even though he was investing for 31 years, 20 years more than Tina. She still ended up with almost double the amount of money! Why is that? + +It’s the fact that she got started a decade earlier than Evan. That money she initially invested was able to compound for a longer time. Such is the power of compound interest. It turns into a snowball effect. + +Point in case: Starting investing early is important. Although don’t despair if you haven’t yet. It’s never too late to start making wise decisions. +The streaming industry is getting a lot of exposure lately with all the news from Disney+ and HBO max. Looking for a pure play in the streaming service I came across CuriosityStream. Basically the platform offers documentaries about science, history, politics, etc... and they have over 3000+ titles in the platform. The founder is John Hendricks, founder and former chairman of Discovery. + +After digging a little bit I was surprised to see that despite having 13M subscribers total revenue for Q3 was only $8.9M, giving an ARPU of only $0.15 which seems ridiculous for the amount of value you are getting. It seems like a good amount of the subscriber base comes from bundled packages at a heavy discount. They are looking for exposure while growing at all costs. Here are some key point: + +&#x200B; + +* The company has no debt and $180M cash in the balance sheet. +* **The company went from 2M bundled subscriptions in Q1 2019 to 13M in Q3 2020** +* Over 60% gross margin +* They project 10x growth by 2025 with $400M in revenues + +Giving the uncertainty of the current market environment it seems pretty safe to buy something that sells $1 a month subscriptions and is disrupting an industry, targeting a more sophisticated customers instead of the average becky who likes stranger things. The last time John Hendricks created something (Discovery) he turned a $5M investment into a $32B company before stepping down and creating CuriosityStream. + +I would like to hear your thoughts on the comment section and discuss if in fact CuriosityStream is already fairly valued, undervalued or maybe overvalued. + +&#x200B; + +***Side note:*** John Hendricks has been buying shares this month increasing his position by 21%. +We saved about 400k over the last few years. Never bought a property before. + +We live in Sydney so are now considering an apartment in other major cities, not far from the cbd. + +My thinking is we should not continue renting and we should not get a mortgage at this point. + +Getting a small place cash in hand, would save a lot of fees and headaches, no mortgages, no sweating rate increases, no fearing losing our jobs or getting paid less, etc. + +Does this make sense? Part of my money is invested in the market as ETFs. I would go back to having very little savings, but a roof and no rent going forward. + +Thank you! + +Edit: I’m 40, partner is mid 30s. We both work in tech, remote. +Disney releases D+ just in time for the pandemic and is now highly competitive with Netflix which has 182.8 million subscribers globally compared with 104.5 million for Disney as of Q2 earnings report (including Hulu and ESPN, both of which Disney owns) without even launching in all international markets yet and launching Hulu in Europe next year. + +This weekend alone, D+ downloads rose +68% due to Mulan. Most importantly, with D+ launch access to Mulan at $30, they have complete ownership of all sales instead of sharing it with movie theaters. Consumer spending inside the D+ app spiked 193% this weekend. Source: https://finance.yahoo.com/amphtml/news/mulan-disney-plus-downloads-68-percent-weekend-194701349.html + +But the key thing to my thinking is that while Disney’s stock has performed relatively well during the pandemic due to D+, post-lockdown they have pent-up demand for their parks, cruises, and theatrical releases too. They are a lockdown play, a post-lockdown play, and a vaccine play. At every moment, they have a winning play and are highly differentiated with every competitor. The sum is worth a lot more than the parts. Thoughts? + +Edit: Wow didn’t expect this to get such a reaction. Some additional info, sources, and clarifications included +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) +I have moved from a poor third world country to EU little over a year back with little to none in savings and a dream to have a better life. + +I have a full time job which lets me save close to €1500 every month and and my current net worth is around €10000. + +I aim to obtain citizenship in another 4 years and live the rest of my life here. That means future expenses like buying an apartment, family etc to follow in the next half decade or so. + +Am I already too late to make it in Europe financially? My risk tolerance is medium-high and knowledge about shares is low. How do I strategise my investment to save up enough for a comfortable retirement corpus? Plan to retire in 20 years. +Hello all, + +I am 30 years old with a steady job in a big firm. +Until now my idea for my portfolio was : +-10% emergency fund +-10% bonds +-80% world ETF + +But in the next 2-3 years there will be a wedding, the purchase of a house. And following that probably a child. + +Being scared of a stock market crash in the next few years, i am considering changing my allocation. +With bonds being what they are today, I don't really know where to put my money. +What would you do in my shoes ? + +Thank you very much in advance. + +Best regards +I have been using their platform since the beginning of this year and here is why I am leaving them: +- They sit a mandatory “guaranteed stop loss” at 45% of “stock” value for French users. This means that you can never invest in stocks that are volatile or that experience seasonal fluctuations. +- Just last Monday they sold all my VUKE stocks at loss because of a stop loss trigger. This stock is boringly stable so I double checked and discovered they fucked up cuz there was no dip in the prices. After I made a lot of noise they finally admitted they fucked up. Their customer service told me in the phone “technical errors do happen, look at Facebook”!!! They will pay me the money I lost but they cannot give me back my stocks at the price I bought them with :))) + +The core of their business is really immature and I wouldn’t trust them with my money and you should not too. + +I hope this post helps anyone before they fall victim to that platform the same way I did. +Hello everyone. I have so far invested all my money into property. I buy houses with cash in order to get rental income. But I am considering diversification. But I cannot bring myself to buy dividend stocks because it does not seem to make great sense. + +Example, in my country I can buy a semi D house close to my city for about 250k euro. Then I get a rental income of about 1250 euro pre tax. + +But then if I spent 250k on Microsoft for example, the dividend would not come close to what I can generate in rent. I understand that rents can fall, but property does still seem a bit better than dividends. I am hoping someone can correct me! Thanks +Hi all. Hope your trading has been going on well. + +&#x200B; + +The image shows the SPY AUG 19 2022 expiry call contract on the left side on Tastytrade platform. The blue horizontal dash line is the 1 standard deviation line marked by the platform. But when I click on the call at the 1 standard deviation, the delta it's only 7.35. Shouldn't 1SD option have 16 delta? Anyone got any idea? + +https://preview.redd.it/ktkbmhtgka491.png?width=2039&format=png&auto=webp&s=c434c3bfba4cae659f4eb47c4cc345bb793ba8b4 +First off, a big thank you to the golem team ([https://blog.golemproject.net/how-to-find-10m-by-just-reading-blockchain-6ae9d39fcd95](https://blog.golemproject.net/how-to-find-10m-by-just-reading-blockchain-6ae9d39fcd95)). + +My question is, had polo been drained of their ERC20 tokens (let's say $100M), what do you think the price of ETH would've changed to? + +Does anyone else realize we dodged a bullet? Maybe even a second DAO? +In the 2008 crisis when Governments worldwide had to inject an incredible amount of money into banks, why didn't they just give the money to the people? Governments could've created perhaps a sort of "national bank account" where all the money people had in the ruined banks was given to them, as proven by people's most recent bank statements. That way people would not lose their money, the bankers would actually go bankrupt like Capitalism says they should, they would lose their business and still go to court and would owe that money they lost by mismanagement as a lifelong debt to the government. It seems to me that putting money into banks is no solution because their business model won't change, the high risk business has not decreased that much and the 2008 crisis is bound to happen again! If it does, the 2008 crisis will seem like nothing because governments don't have any more money to give bankers and central bank's interest rate is already too low. Nothing changed since the crisis and hardly anyone suffered consequences for playing with other people's money. +Hi all :) + +My husband (33) and I (32) currently both invest 15% into our separate retirement accounts. I have $80k saved (started working my career later than him), and he has $250k saved. + +He just accepted a new job as a software engineer. Base pay is $155k. We were planning on doing the 15% still, which will max him out at $19500 for the year. He is also getting a $90k sign on bonus for the first year, and $60k signing bonus for his 2nd year. These bonuses are to paid monthly (about $7500 a month, before taxes). Should we also be saving for retirement with these bonuses? If so, what type of account is best? + +I’m not sure if it’s better to contribute more to retirement, or save in our bank account, or pay off debt (only debt are cars and home). + +Thank you! +Let’s say I could snap my fingers and eliminate social security without issue for the millions taking benefits. Instead, I’d give everyone the option of putting their social security tax into their 401k/Ira each year or have it as income. Do you think people would save it? Do you think people would invest it properly? Or do we need a mandatory system because people need to be forced to save? + + +Hi, + +Not sure if this is the right place to post this – I am pursuing fire and saving 50% of my income which with all the knowledge of how to invest in index funds has opened up my eyes to my parent’s situation. Now I’m trying to help “safeguard” my parents’ investments for them. + +I am looking for some advice on what would be an optimal retirement portfolio for my parents. They are both 61 this year. + +My dad was/is an entrepreneur and made a good living but made most of his money from a relatively small bet on Apple years ago. It’s now worth \~$6M dollars. My parents also have 2 paid off houses (\~$700k) and some property that might be difficult to sell so won’t include here. Since neither have a traditional job any longer and both primarily volunteer they buy insurance on the affordable health care market place. They are also both very frugal and live off the dividends. + +My concern is trying to convince my dad it’s NOT a great idea to have the majority of your retirement savings in 1 stock (Apple). When I’ve brought this up before and said hey maybe keep 10% in cash and put another 20% in index funds/bonds he brushes it off as – everyone has told me to sell for years and it just keeps going up. Would also like to note my dad is not an idiot, and actually quite smart, but very very stubborn. Obviously this makes me wildly nervous as I don’t want his Apple stock to go down the toilet once something new comes along. Which will happen. + +I would like some advice that I can point to and say this would be a good strategy for someone who is ‘retired’, X% in bonds, etc. Also any resources out there that might help would be appreciated. I have also wanted him to see an estate planner for years but he doesn’t want to do that either….. + +I welcome any advice/helpful thoughts. + +Thank you. +So I graduated in Summer 2019 with a 2:1 Economics degree at a good Russel Group university. I speak a couple of languages, have five fairly interesting jobs on my CV (but not internships or office work) and got As in statistics-related courses. In theory, I fit the requirements for most graduate schemes and internships, as stated on their websites. + +I tend to apply for graduate jobs in the 20k-28k range. I've tried the Big Four, banks, civil service jobs, local councils, consultancies, large companies, small companies, local companies and companies based all around the UK. Over 95% of the time I get rejected in the first round of recruitment. + +Now, I specifically work part-time on minimum wage so that I can spend over 10 hours per week on my job search (sometimes a lot more). I go above and beyond to personalise each application, from researching company values to looking at how my skills relate to their current projects etc. I then use that to customise each CV and cover letter as well as I can. + +I've been offered plenty of good advice by the university careers service and friends/family with knowledge of HR. I've practiced for all sorts of psychometric tests that employers require and worked incredibly hard on essays and presentations required by employers. + +So it certainly feels like I've been banging my head against a brick wall for the last eight months; I've made zero progress and have learned very little during this time. Most employers seem reluctant to give feedback, even if you got to the final round before the interview. So here are my questions: + +1. Am I even close to being good enough for these jobs? Maybe there's an unwritten rule that you actually need a first class degree? +2. Should I change my strategy and settle for non-graduate jobs in the 18k-20k range or maybe seek to gain new/vocational skills? I don't want to be on part-time minimum wage for that much longer. + +What do you think reddit? Thanks a lot! + +Edit: Whoah, I did not expect this post to get so many comments. I posted it right before work and got back in the evening, so haven't had time to sit down and respond (will do this now). Having skimmed over the comments, it seems like there's a lot of really helpful advice for people in my situation. Many thanks to everyone for taking the time to share their wisdom! +I'm in my 50's and expect to reach my FIRE date in the next year or so. I love to travel and look forward to having more fun in my life after a long dreary public-sector career. The problem is that most people never reach independence and are slaves to their jobs, debts, and other commitments. Because of that asking a friend or even family to take an open-end trip somewhere or do much of anything I might enjoy is out of the question. How do people connect with other financially independent people who are looking to enjoy what they've achieved? +In the interest of encouraging more donations to great causes, I started a Hall of Fame post for the redditors who donate to any reputable charity as a result of seeing this post or others on fatFIRE. If you'd like to be included, please verify your donation by sending your proof to the mods*. + +#Total verified fatFIRE donations so far: $72,001 +Donor | Donation | Recipient +---|---|---- +fire_burner_acct | $22,222 | GiveDirectly +ambidextrous_mind | $17,278 | $5k to World Food Programme, $5k to Save the Children Federation, $7,278 to Doctors Without Borders USA +spool_em_up | $6,000 | Save the Manatees +FatFIRE_FA | $5,500 | GiveDirectly +rezifon | $5,000 | GiveDirectly +scrapman7 | $5,000 | Greater Cleveland Food Bank +IAmABlubFish | $2,500 | Greater Cleveland Food Bank +techflow4 | $2,500 | Greater Cleveland Food Bank +DesignatedVictim | $2,500 | Greater Cleveland Food Bank +-Hawaiian-Punch- | $1,500 | $800 to St. Mary's Food Bank, $700 to Second Harvest Food Bank +throwaway373706 | $1,001 | Covenant House Toronto +Flowercatz | $1,000 | Local Food Bank + +*Fine print: Submitting proof of donation to the mods does not guarantee that you will be listed here. The mods of this sub are not affiliated with any of the charities listed to the best of our knowledge. Being listed here as an individual or charity does not count as an endorsement by the mods. There are no special perks for being on this list. Anything listed here may be removed at anytime for any reason by the discretion of the mods. +Been running covered calls on SNDL to the point where my net share cost is zero or soon to go negative. + +On something like a meme stock that likely will get pumped again at some point this seems like a low risk way to cash in on an irrational price jump. Hell, even a nice way to get free shares of a long term hold ticker. +**Saudi Arabia renews push for $2 trillion Saudi Aramco valuation** + +>Saudi Arabia is making a last-ditch attempt to persuade its institutions and wealthiest families to buy shares in Saudi Aramco after it floats on Wednesday as Crown Prince Mohammed bin Salman refuses to give up on his $2 trillion valuation. + +>*“They’ve been told that it is their duty, and everyone understands what that means”* said one adviser to local wealthy families. *“This is another Ritz, through different means”* said another banker working on the deal. + +>Prince Abdulaziz bin Salman, the kingdom’s energy minister and Prince Mohammed’s half brother, criticised the IPO’s sceptics last week. They could, he added, “bet” that the shares would rise to a level that values Saudi Aramco at more than $2tn. + +>One of the people said: *“With enough arm-twisting, the government should be able to reach that level.”* + +https://www.ft.com/content/0043ccf6-1b42-11ea-97df-cc63de1d73f4 +**TLDR** + +Not a fan of [facebook.com](https://facebook.com), but valuation of its parent company is becoming attractive. I'm sizing up with caution. + +**Outlook** + +$FB stock recently had the biggest market cap wipeout ever in U.S. market history due to declining users and rising costs associated with new initiatives. Deciding if this is "fixable" or a beginning of a long term trend is what this investment depends on. + +$FB primary businesses are Facebook, Messenger, Instagram, WhatsApp, Reality Labs. Several of them count their users in the billions. Existing businesses have been in good shape in the past with good momentum until recently. Revenues still have positive momentum - numbers of daily and monthly active users are still increasing. So is average revenue per person. There are large differences in performance between different geographic regions, i.e. there are clear directions for improvement. $FB is heavily investing into metaverse, where potential remains unproven. Regardless, parent company's valuation is becoming attractive. Core products of $FB have strong market position. It also is a highly profitable business – strong cashflows not accounting trickery. $FB is in a comparatively good position in a high inflation environment, unlike e.g. carmakers. + +Do "declining users" users indicate that $FB is on the downtrend or is this a temporary thing? This is what this investment thesis depends on. + +**Valuation** + +This is meant to provide a quick overview, thus only one select metric. For the purpose of evaluating $FB, EV/FCF is in my view better than P/E, P/S, EV/EBITDA and others. Here is a peer comparison, to give some perspective. + +||Current EV/FCF (lower is better)|10yr EV/FCF range (excluding outliers)| +|:-|:-|:-| +|Meta Platforms|8,8|20 to 80| +|Twitter|50|\-25 to 50| +|Alphabet|25,2|25 to 100| +|Microsoft|35,5|20 to 40| +|Snapchat|\-49,3|\-80 to -8| +|Pinterest|14|\-15 to 14| +|Walt Disney|130|20 to130| +|Netflix|\-100|\-130 to -30| +|Spotify|100|40 to 100| +|Walmart|13|13 to 23| +|Apple|27,5|10 to 30| + +* Some of the comparison companies are from wildly different industries and this is intentional. +* Data above is taken from a paid service called Börsdata Pro+. + +**Sizing** + +Position size is a great risk management tool. I have recently entered a smaller position (1/2 of my regular size) in $FB and will gradually increase it if $FB stock price continues to fall while outlook remains the same. DYODD, always. + +**Your comments** + +Vote and share your view, especially criticism. +**TLDR** + +Not a fan of [facebook.com](https://facebook.com), but valuation of its parent company is becoming attractive. I'm sizing up with caution. + +**Outlook** + +$FB stock recently had the biggest market cap wipeout ever in U.S. market history due to declining users and rising costs associated with new initiatives. Deciding if this is "fixable" or a beginning of a long term trend is what this investment depends on. + +$FB primary businesses are Facebook, Messenger, Instagram, WhatsApp, Reality Labs. Several of them count their users in the billions. Existing businesses have been in good shape in the past with good momentum until recently. Revenues still have positive momentum - numbers of daily and monthly active users are still increasing. So is average revenue per person. There are large differences in performance between different geographic regions, i.e. there are clear directions for improvement. $FB is heavily investing into metaverse, where potential remains unproven. Regardless, parent company's valuation is becoming attractive. Core products of $FB have strong market position. It also is a highly profitable business – strong cashflows not accounting trickery. $FB is in a comparatively good position in a high inflation environment, unlike e.g. carmakers. + +Do "declining users" users indicate that $FB is on the downtrend or is this a temporary thing? This is what this investment thesis depends on. + +**Valuation** + +This is meant to provide a quick overview, thus only one select metric. For the purpose of evaluating $FB, EV/FCF is in my view better than P/E, P/S, EV/EBITDA and others. Here is a peer comparison, to give some perspective. + +||Current EV/FCF (lower is better)|10yr EV/FCF range (excluding outliers)| +|:-|:-|:-| +|Meta Platforms|8,8|20 to 80| +|Twitter|50|\-25 to 50| +|Alphabet|25,2|25 to 100| +|Microsoft|35,5|20 to 40| +|Snapchat|\-49,3|\-80 to -8| +|Pinterest|14|\-15 to 14| +|Walt Disney|130|20 to130| +|Netflix|\-100|\-130 to -30| +|Spotify|100|40 to 100| +|Walmart|13|13 to 23| +|Apple|27,5|10 to 30| + +* Some of the comparison companies are from wildly different industries and this is intentional. +* Data above is taken from a paid service called Börsdata Pro+. + +**Sizing** + +Position size is a great risk management tool. I have recently entered a smaller position (1/2 of my regular size) in $FB and will gradually increase it if $FB stock price continues to fall while outlook remains the same. DYODD, always. + +**Your comments** + +Vote and share your view, especially criticism. +The CEO of OmiseGO met with [APEC](https://twitter.com/omise_go/status/985674172499046400?s=21) today to talk about the power of Ethereum to advance payments and financial services. APEC is the Asia Pacific Economic Committee and they coordinate free trade between over 20 countries including China, US, Canada, Australia and all major SE Asian countries. Very promising stuff for Ethereum and OmiseGO! +I’m out of cards today so balance transfers. I have 11k in credit cards and one card with $4,400 on it. I’m going to use that bonus money to pay that card off. + +October backtracked because over $2,000 of unexpected things came up. Slowly I’m digging myself out of this hole.. +Back in the day I would literally set alarms at night to check the price, which caused major anxiety and rash decisions. Don’t let price fluctuations consume you’re life. It’s a silent slow killer. + +Become numb, it’s the way to go. +Imogen Tow at the Times says yes and wants the age of auto enrollment reduced to 18 https://www.thetimes.co.uk/article/7eee562e-6bfa-11ec-87c8-7ab22098d3fb?shareToken=4da0146b4e08c313fb52ed5e86364516 + +Sam Bowman disagrees https://twitter.com/s8mb/status/1478276318315880451?t=xPL4Yhq2xY8peoLNXwEIBA&s=19 + +Anyone have thoughts? +It's odd that for months, there have been so many posts about 'popular times' in regards to Citadel. We've laughed, been shocked, been amazed. + +But tonight, I have seen SO MANY posts and comments about how it's 'getting old', 'boring', 'annoying'. It's interesting because for months the whole sub has enjoyed these, but tonight of all nights (002, T+21) all of a sudden it's offending some people. + +If you don't like it, scroll on. You'll be alright. I, for one, love it. It confirms my personal bias. Why are they working this late if they covered? After hours market was done almost two hours ago... +The feeling of anxiety it gives you to go grocery shopping fearful of the number on the screen and fearful of what you bought not being enough. You could have 2,000 dollars in the bank account and the anxiety of spending your money on food is terrifying but the idea of buying less is also terrifying because you have been raised to be in survival mode. You don’t know how to remain calm and just buy things everything is on a budget everything is calculated and based on necessity. Everything you have you fight for. Everything is a need. +[https://finance.yahoo.com/news/robinhood-hit-with-record-finra-fine-of-57-million-to-settle-past-issues-143447830.html](https://finance.yahoo.com/news/robinhood-hit-with-record-finra-fine-of-57-million-to-settle-past-issues-143447830.html) + +[**Ethan Wolff-Mann**](https://www.yahoo.com/author/ethan-wolff-mann)**·Senior Writer** +**Wed, June 30, 2021, 10:34 AM** + +[**GME**](https://finance.yahoo.com/quote/GME?p=GME) **-0.19%** + +The [Financial Industry Regulatory Authority](https://www.finra.org/media-center/newsreleases/2021/finra-orders-record-financial-penalties-against-robinhood-financial) announced that it fined Robinhood $57 million and ordered the online brokerage to pay approximately $12.6 million in restitution, plus interest, to thousands of customers for a total settlement of $70 million. + +"The sanctions represent the largest financial penalty ever ordered by FINRA and reflect the scope and seriousness of the violations," the authority wrote, noting "significant harm" to "millions of customers who received false or misleading information from the firm, millions of customers affected by the firm’s systems outages in March 2020, and thousands of customers the firm approved to trade options even when it was not appropriate for the customers to do so." + +The wide-ranging settlement covers trading outages, options-trading approval processes, incorrect display of data, customer service practices, and [even its checking and savings debacle from 2018](https://finance.yahoo.com/news/robinhood-launch-checking-accounts-3-211615271.html). (To be clear, the settlement is not related to the so-called meme-stock frenzy of early 2021 when, at one point, Robinhood temporarily stopped customers from buying shares of several companies, including GameStop.) + +This is a notable step in the meteoric growth of Robinhood, the stock trading app that some argue helped herald the "gamification" of Wall Street. The company's introduction of free trades forced other brokerages to respond with zero-cost trades to stay competitive. That swashbuckling attitude that changed the industry, however, was exactly what Finra impugned. Following the rules, the authority, argued, are paramount in the industry.  + +"Compliance with these rules is not optional and cannot be sacrificed for the sake of innovation or a willingness to ‘break things’ and fix them later,” Jessica Hopper, Executive Vice President and Head of FINRA’s Department of Enforcement, said in Finra's press release. + +(Though Robinhood "accepted" the settlement, it did not officially admit or deny the allegations.) + + **Robinhood says it has fixed most of the problems** + +The settlement will no doubt embolden Robinhood's critics, but it also represents catharsis for the company as it grows up — and looks toward a long rumored and anticipated IPO. Robinhood said it has taken “numerous remedial measures” to address Finra's charges, detailing them in a "corrective action statement" attached to the Finra release. + +“Robinhood has invested heavily in improving platform stability, enhancing our educational resources, and building out our customer support and legal and compliance teams,” Robinhood said in a statement to Yahoo Finance. “We are glad to put this matter behind us and look forward to continuing to focus on our customers and democratizing finance for all.” + +The company said it had completed the “restructuring and enhancement of its legal, compliance, and anti-fraud functions; strengthening of its supervisory structure and written supervisory procedures, including with respect to supervision of technology; expansion of customer support, including with respect to options and margin trading; remediation of certain customer communications and data displays at issue in the AWC; and improved supervision of options trading.” + +— + +[***Ethan Wolff-Mann***](https://www.yahoo.com/author/ethan-wolff-mann) *is a writer at Yahoo Finance focusing on consumer issues, personal finance, retail, airlines, and more. Follow him on Twitter* [*@ewolffmann*](https://twitter.com/ewolffmann)*.* +I haven't heard from him since he got banned and the whole "Citadel Coke Break" footage blew up. It also appears his phone was disconnected at that time. + +We were chatting a bit last week about how the footage went viral, but I haven't heard from him even after I checked in on him [yesterday](https://imgur.com/a/4eT2KQm) + +If you're wondering why those last two messages are green and not blue, so am I. I had a good connection when I sent those and was absolutely connected to WiFi as well. This is rather unusual for him as he normally responds within the day at the latest, and we'd been communicating daily beforehand. + +Drone Guy, if you're out there, and you're reading this, I hope you're okay. You're the best damn drone pilot in Chicago, you've got balls of steel for posting that footage on your personal Youtube and reddit account, and a good friend. I hope when all this is over we can have a drink on the moon together and you can tell me what happened after you went off the grid. + +It sounds morbid, but I would also like to make [this](https://imgur.com/a/92Uxn1f) text public. For those of you wondering how I know Drone Guy, I was his navigator and lookout, not a good enough one though I suppose... +Guys. I am on a mission. I am planning to pay the mortgage of my house by the time I am 57. Yes 57. It is never too late but i need to make sure that i do not worry about mortgage payments after 65 ..ha..so wish me luck. + +My stats: +308K +30 year fix +3.875% +The plan: add $1200 extra/month. Every year will be adding extra $100/month. + +Discipline is the key. + +Wish me luck. Will report monthly. +Also I lost the 2 days a week my stepmom was watching my 1 year old. And I never got a penny from FL Unemployment, not for lack of trying. + +This was in April. We’re doing better now, but I haven’t spoken to my dad since. +Hi All. Canadian here, with a potential to relocate to Brussels with the family. The offer is for 54,000 EUR/ year, gross. I think that roughly comes to 2700 EUR net, per month. + +We have two children (4,2). My wife is a photographer, and I anticipate she will be able to start earning an income after some time, but it wouldn't be wise to count on it. + +I just want to get a sense of what kind of living standard we would be looking at. Rough ideas of what to expect in terms of rent etc. would be great. (Is it realistic to want to live in a part of the city where we wouldn't have to drive?) + +Thanks! +Hi all, + +I have a job offer in Switzerland to work in Zurich. + +My current job in the UK pays £85k. This doesn't take into account the experience I have gained which increases my value but is not reflected in my salary as I have not had a pay rise for 1.5yrs. + +My cost of living in the UK annually is £20k. + +What should I expect in terms of salary for a similar job in Zurich? I am expected to move there for the role, it is a full-time permanent job. + +I am a single person. +Why why why would the S&P rally after such devastating news? That CPI report will cause the Fed to hike rates even fast. I’ve heard people think the odds of a 1% rate hike is about 80%. So if people expected a .5% or .75% hike and now they expect a higher hike, why would the market rally? + +There’s been way more talk of a recession too. Why would everyone buy stocks when we can expect a crash on the next Fed announcement? What’s going on? Why are markets pumping? +Around 10-11 years ago, when BTC was still a novelty, i mined it with my pc (those where the days) for a few weeks. Used to have around 12 of em if i recall correctly. Total value at that time was under ten dollar. I lost interest and did not go to the effort to cash out. Don't recall where the PC went, thought it long lost. When the crypto hype really started kicking of around two years ago, i used to joke to friends how i unwittingly threw away a lot of money. + +Until last week... when we found a few pc's from that era on my grandma's attic. It is very likely that my pc from back then is one of em. I need to get some legacy hardware (IDE adapters and such) to check the harddrives, so i am not sure yet and wondering if it is worth the effort. Of course... if this BTC is still on that pc or otherwiser recoverable via clues ON that pc... it would be more than worth it to go to great lenghts to recover it. + +Problem is, i do not know where to start. I have no idea what software i used for mining, if i used a wallet online or one on the pc... or maybe left it with the pool. Anyone willing to give me some tips on where to start? Most likely i left em in the pool... does that mean it is lost after these years? +H&R REIT ([HR-UN.TO](http://hr-un.to/)) I have written about a few times. I believe we are at the final 120 days before the NAV gap is finally reduced. + +Previously, I have outlined my price target for H&R in detail. Currently, even after H&R reported with slightly higher NAV, we are trading at the bottom end of the post H&R Spin Off estimate. Post Split Target $16.72 to $18.95 is my target at a $22.29 NAV. NAV was upped to $22.77 during the Q3 Report. The price targets should be raised accordingly. + +[https://www.reddit.com/r/CanadianInvestor/comments/qiv0c2/hr\_reit\_spin\_off\_announcement\_update\_by/](https://www.reddit.com/r/CanadianInvestor/comments/qiv0c2/hr_reit_spin_off_announcement_update_by/) + + +After Q3, Analysts raised their price targets. National Bank is $21.50 and TD is now at $20.00. Analysts have been overwhelmingly bullish on H&R's spin off strategy, and their targets far exceed my high target. + +&#x200B; + +\---------- + +&#x200B; + +**Why Q1 2022 will show the success of H&R's years of planning** + +&#x200B; + +**Spin Off** + +Mid December, we have the H&R Spin Off Vote. It is widely expected this will be voted in favor by unitholders, and the Spin Off will commence. + +&#x200B; + +\---------- + +&#x200B; + +**Special Distribution** + +The Special Distribution will be 73 cents. 10 cents cash, 63 cents in units. This will retain NAV in the REIT, instead of a typical drop in NAV after such special distribution. This is bullish for the unit price in general. You can read more about the special distribution as it is a mix of cash plus units, and then units are being consolidated so units outstanding will be unchanged. In the end, its a bullish move for capital gain investors as the units are not expected to drop after the special distribution, and the ACB of units will go up reducing future capital gains taxes. Perfect for selling after the unit price has recovered. Remember this for when I talk about Tom below. + +&#x200B; + +\---------- + +&#x200B; + +**Distribution Increase** + +Although a minor increase, its worth noting that in 2022 after the spin off, we will see an increase up 4.3% to 72 cents a unit from Primaris and H&R combined. + +&#x200B; + +\---------- + +&#x200B; + +**Tom's Retirement & H&R Takeover** + +This is speculation, and I have not discussed this yet. The move for H&R to spin off its Residential and industrial as a package, and plan on selling their office over time, will be the best long term plan for H&R. Although H&R will be diversified with office until the office assets are sold, when the office is sold its expected to capture close to full NAV. This is longer term positive versus spinning off Office today and only capturing 80-85% of its value in a pure play office REIT. What this move will entail is 5 years of building out Residential and Industrial, and utilizing Office sales to pay for this. As the average lease term for office is nearly 10 years, a 5 year plan will easily be achieved without the risk of non-renewals of office tenants. This will leave their Office portfolio essentially 100% leased throughout the next 5 years and not a risk to investors. Wait, what does this have to do with Tom? Well, although this is speculation, Tom is pushing his late 60's, and is past average retirement age. Since founding H&R in 1996, Tom has been leading H&R REIT. As a significant unitholder that put his family's trust into H&R, with millions of units in his hands, the best exit would be a buyout. Selling his stake in H&R would be very difficult due to its size. As a buyer, they would not want to purchase units from the founder just so the founder can leave. H&R would need a new leader, and that is a very unlikely succession plan that would drive interested buyers. Not to mention H&R and his family trust's savings would be out of Tom's control, which obviously he has shown he likes to be the one in control. The best succession will be to sell H&R to the highest bidder, so Tom can retire and take his money out. H&R has mentioned in past earnings calls they have had a lot of unsolicited interest in their residential and industrial assets. After the spin off is approved, I expect either H&R to recover its unit price quickly, or a buyer to come forward. We have not seen buyers today, as the buyers for a heavily diversified REIT is very limited. At least with this new H&R Plan, a buyer for H&R without Primaris is very plausible, and likely if units remain a substantial discount to NAV as they are today. + +&#x200B; + +\---------- + +&#x200B; + +**Conclusion** + +As we know, H&R has immediate catalysts to bring the unit price up closer to NAV. It is my belief the if units do not recover, H&R will be gobbled up as H&R will be holding the perfect industrial and residential assets (without the retail) to be a prime takeover target. Analysts are bullish (much more bullish than myself), and I strongly feel if unit price does not go up on their own, H&R will simply be bought out. Either way, H&R I expect will see a unit price recovery in the next 120 days.  + +&#x200B; + +\---------- + +&#x200B; + +**Disclosure** + +I own H&R, and have recently picked up more units on the recent drop. I did sell some units to reduce my stake in the $17.XX, but have repurchased most my holdings below $16.50. I am not a trader, but the opportunity has presented itself to bring a strong return over the next 120 days. I do plan on purchasing more units if we see further continued weakness. + +&#x200B; + +\---------- + +&#x200B; + +**Risks** + + +The obvious risk of a new wave of COVID shouldn't need to be mentioned, but I will anyways. Additionally, the risk of the spin off being voted no is a risk, although very unlikely. This will be the best way for unit holders to see their units return closer to NAV.  + +&#x200B; + +\---------- + +&#x200B; + +**Artis REIT** + +I do have a write up on Artis ([AX-UN.TO](http://ax-un.to/)) REIT about to be published. I do believe Artis is a compelling investment. Both H&R as well as Artis are giving us a great buying opportunity today, in my opinion. Dream Impact ([MPCT-UN.TO](http://mpct-un.to/)) is the third REIT I am actively accumulating. +I recently got a job at a warehouse doing night shift duties. Lots of heavy lifting and repetition but it's pretty straight forward. I clear about $1080 per week after tax. I have this feeling like I'm not suited for the job and the physical exertion is taxing even after 16hrs off between shifts, but I know that compared to other jobs out there that I am paid well, at least I think I am? +This week would be Oct 21 50 strike for .29. I was thinking of selling the .10 delta every week. You have to factor in the fact that, getting assigned amd at 50 bucks is not the worst deal in the world, I mean, that's genuinely a steal regardless and it's a wheel. +# 2021 INVESTOR MATERIALS + +&#x200B; + +**2021 INVESTOR MATERIALS will come out today. It should be a huge power hour (or AH) catalyst.** + +&#x200B; + +*edit 1 :* + +annual report just came out!!!!!!!! - [**https://www.proxydocs.com/branding/962080/2021/ar**](https://www.proxydocs.com/branding/962080/2021/ar) + +proxy statement not out yet... + +&#x200B; + +*edit 2 :* + +Proxy statement just came out!!!!!!!! - [**https://www.proxydocs.com/branding/962080/2021/ps**](https://www.proxydocs.com/branding/962080/2021/ps) + +&#x200B; + +https://preview.redd.it/j0g8n4fk8zv61.png?width=930&format=png&auto=webp&s=4d7f834e8b99cec2f1cb1cbbb509059ee6c61300 + +[**https://www.proxydocs.com/branding/962080/edocs/2021/issuer/**](https://www.proxydocs.com/branding/962080/edocs/2021/issuer/) +For those of you who are unaware, the New York Mets are basically baseball's version of Murphy's Law. Literally anything that can go wrong for them, will indeed go wrong. + +After having arguably the worst owners in baseball for decades, the Mets were bought last year by Steve Cohen (yes, *that* Steve Cohen). Currently, he stands as the richest owner in baseball. The belief was that with the New York market and this now incredible amount of money, the Mets would finally be able to put together a team that would regularly challenge for the World Series. + +The absolute most Mets thing of all-time would be if a bunch of redditors bankrupted their new owner and completely fucked over the franchise. + +That is why I'm absolutely positive this will indeed happen. + +Tl;Dr = Buy puts on the Mets +So I just recently started making a little over 40K. My girlfriend doesn’t make as much, but we’ve been wanting a place of our own and so we signed a one year lease for a $950/mo apartment. We’ve been together for 3 years and thought this was a good step. Her parents knew we were doing this, but as soon as they found out she was also on the lease (not just me) they went bonkers. They say that since she’s their dependent, she’s a liability to them now if something goes wrong. If I die or get mangled, or whatever, the realtors told us we could break the lease by finding new tenants. I told the realtors I was the primary earner, but they did insist that all full time occupants be accounted for on the lease. We didn’t see a problem, but her family is literally ready to disown her and cut her off from the car they got her, rescind their offer to give us a bed and some kitchen supplies (which is whatever, I can afford those, it’s just a shitty game they’re playing.) She works and can afford a car with careful planning, but it’s a really aggravating setback. Bottom line, as a first time lease signer, did we make a mistake? It all made sense to us both until her parents went off the wall. +[One Share Per Day](https://preview.redd.it/dfgljkjfa1191.jpg?width=1700&format=pjpg&auto=webp&s=49a6f27809874d5a807b91b17ee6744a905fe26a) + +You're doing great. Gamestop is undervalued after trading below it's Revenue Per Share of **$82.79** two weeks ago on May 11th and May 12th, 2022. If your average is between **$153.10 to $172.00** then you're in the stable zone of GME's price action! *(attached chart)* + +Revenue Per Share is a metric that is important to Gamestop because they are in a transformation phase that lowers profit to zero or below zero. Gamestop trading below **$82.79** this month indicates the shareprice is disconnected from the company, and retail investors can exploit this disconnection by going long on shares (buying and holding). + +This is the equivalent of finding a price error at a store then filling your cart. + +More ways to valuate GME: + +1. **$154.00** based on the post-sneeze low of **$38.50** multiplied by 4. (February 2021) +2. **$155.00** based on u/DeepFuckingValue's last known buy-in price. (Mid-2021) *source: DFV's update posts* +3. **$225.20** based on Gamestop selling 5 million shares for $1.13 billion. (June 2021) [*source*](https://www.barrons.com/articles/gamestop-stock-sale-51624371309) + +Today's closing price is $95.66. We are in deep fucking value. + +**Disclosure: I own $200,000 GME shares. 🚀🚀🚀** +Can we talk about how anytime politics become part of the discussion, the comments get locked. + +The mods need to understand that investing has a lot to do with politics and political systems. We need to let people know about risks involved in investing in non democratic countries. + +People always seem to forget the number one rule of capitalism. Only invest where your capital ownership is protected. + +In otherwords, never loan money to the king of Spain... since he is the judge that will ultimately determine if has to pay you back. + +Please let people discuss issues steming from investing in non democratic political systems. + +Thanks. +Hey Hey, + +Thanks for all your feedback regarding the Marc Cohodes AMA, let me reassure you, your voices have been heard. I certainly underestimated the reaction everyone would have - there were those who were interested in it to those who were against giving him a platform and many more views. The decision was made originally as it fell on journalistic integrity, to capture "both sides" of the story, regardless of that fact and the good intention of doing so - it's extremely hard to look over his past interactions with our community in one way or another. + +Reflecting on why we held AMAs in the first place, it was to gain more information and insight. However in our current situation, the DD has been done. Further AMAs in this realm only act as a form of entertainment and have lost their purpose of what they originally meant. + +Saying this, we will look to hold AMAs still in areas of interest that have not been fully explored yet, (i.e. Brad from IEX is a constantly requested AMA) or any new areas of research that pop up and could benefit from an expert. + +Therefore...... + +We will not be hosting the AMA with Marc Cohodes and Lucy. If she wishes to interview Marc through her platform, we encourage that by all means. +Hey guys. So I signed up for stock advisor since Amex has an offer where you get the yearly fee back as an account credit. Immediately on logging in, the very first thing it shows me is a page trying to upsell me to a service called Rule Breakers that costs 4 times as much. Seems like a massive red flag and dirty tactic since all the marketing before signing up focused on Stock Advisor. As to the stock picks themselves, it shows a very small handful of picks some of which seem pretty strange. New York Times, Pinterest, and Lemonade for example. + +Any thoughts/ Experience? +I’ve been trading options for the past 2 years. WSB style- after getting tired of losing I switched to theta gang. Deposited $1500 back in April into TW and sold strangles around AMD. Profited over 125% in 2.5 months. I was ready to close out my short strangle when INTC dropped the unexpected news of its slowed future chip growth. AMD proceeded to pop... wiping nearly all of my gains. I rolled my strangle out to the end of AMDs earning week. Expecting to profit on IV crush and minimal, downward price movement. AMD popped even higher putting my $62 calls underwater. Now I’m down about 90% YTD. + +Kicking myself here but I deviated from my trading rules- 45 DTE with a tighter than normal short strangle during earnings. Of course no one could’ve anticipated AMDs huge run up. But damn was I proud of my early theta gang profits. +All is not lost, I didn’t bet the farm but still hurts! + +TLDR; went from +125% to -90% after AMDs run up over the past 2 weeks. Stick to your trading rules and do not deviate from the plan! +As above, i don't want to think for myself or DYOR etc etc if i did I'd pull on my slippers and head over to Aus_finance or just buy AFIC. + +TL;DR +$500 into the most popular stock + +P.s, i don't think this post breaks the rules but i might stand corrected soon. +I quit my job in July and I was applying everywhere to get some work fast unfortunately nothing was happening and then in august I got a job at Kroger luckily for me they pay every week I’ve been there for about 3 weeks now and I’ve been using every paycheck I get to catch up on my mortgage and pay bills and credit card debts I have I stole a roll or napkins from work and I’ve been using that as toilet paper it’s lasted a good bit but I’ve run out a day ago and today I got paid and I finally had some spare money to buy toilet paper and a couple of snacks it was 30$ basically half of my savings but I’m happy I was at -57$ for 3 months before today and I feel like things are starting to look up unfortunately I lost my car if I had 600$ I could probably get it back but at the moment im utilizing Public transportation unfortunately it’s in Houston and the bus stops are so disgusting I just wanted to share with someone I don’t have anyone to tell +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. +Long live /r/ethtrader - I really do love you guys and the sense of community we all build here. + +Preface: I watched the entire fight go down. I didn’t take part in it. There was hostility whenever someone would give feedback and it was just a toxic environment. I still really like and respect some of the mods who left such as JT, cutsnek, Adam, and I’m pretty upset at how this fight went down, and with their decision to (loudly) leave if I’m honest. I’m still kind of bugging them both to see if there’s any chance to reconcile and make reddit history and re-unify because I think that’s best for the ENTIRE ETH community. For us to be united and strong. **I just want to come on here and be part of the community with all of you.** Mod fights, fracturing the community, etc just hurts it all for everyone. Over the past few days I feel like I’ve been forced into a position where I have to push back on accusations against the subreddit and I am frustrated by that. But people are still asking for the “other side” of the story and I feel like a LOT of attention was given to the “mutineer” side but not a lot to the ethtrader side. + +Basically: Adam (mod) was an inactive mod and he asked if ethtrader would endorse a newsletter he is working on. Knowing Adam I bet his newsletter will be interesting, and we discussed if abit in the chat around if ethtrader should endorse projects or not. Carl (the top mod) politely told Adam that ethtrader really shouldn’t endorse personal projects of mods (conflict of interest) and Adam got kind of annoyed / angry at this. Carl noticed Adam was really inactive and this newsletter thing was kind of a final straw so he demoded him. + +Other mods were angry at this and wanted to talk more about it before the demod happened. Personally I didn’t mind too much because while I like Adam, he was really inactive as a mod in the sub. He also didn’t answer my question about if his newsletter was an open source community project or if he was the CEO of it etc (although to be fair arguing was pretty loud at this point). + +Anyway, I wont lie the mods who left argued like school children for a few DAYS in the chat. They asked for mine and Aminok’s feedback, but when Aminok looked for compromise bchuned was a real jerk to him. Called him different names including a snowflake at one point. Kind of confused how he ended up here but there was no way they would be receptive to feedback at all unless the feedback was to side with them. I wanted no part in it. Around then is when I stopped checking discord because quite honestly I had better things to do then read the mud slinging. + +At some point JT said something along the lines of “re-instate Adam or a few of us will leave very soon in a very public way” and Carl just politely thanked JT for his contributions to moderating and it seemed fine enough. + +Then I came online to the 6 mods doing the mutiny. I was instantly annoyed at them because they were using ethtrader to advertise for their own subreddit, and they weren’t outright lying but definitely they were telling the series of events with some bias. They also stole our (beautiful) theme and CSS! They call Carl a dictator for removing Adam, but... Adam was a really inactive mod who randomly came into chat one day and asked our entire subreddit to endorse his personal project, and he got mad when we said no.... I mean.... okay..... + +I stayed because I obviously wasn’t going to mutiny against ethtrader. Even if you hate carl, doing a mutiny so loud like that just winds up hurting the entire community and causing chaos. I now view the mutineers as selfish to be honest. They aren’t interested in trying to reconcile, and they jumped ship because they don’t like the hierarchy here.... but they have the same hierarchy at their new subreddit under DCInvestor. +Ok so the biggest post of this weekend (or even month) by u/thabat is truly amazing but one part is very wrong and I think it needs some clarification (in case someone doesn't know what post I'm taking about: [https://www.reddit.com/r/Superstonk/comments/pmj9yk/i\_found\_the\_entire\_naked\_shorting\_game\_plan/](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/) ) + +u/thabat is speculating that the number "6347.00" might be the result of dividing $31,735 by 5. Well, it's not. It's just $190.41 (current price) divided by 0.03 (EPS estimate that yahoo is using). + +Don't believe me? [Check this out](https://www.nasdaq.com/market-activity/stocks/gme/price-earnings-peg-ratios): + +&#x200B; + +[https:\/\/www.nasdaq.com\/market-activity\/stocks\/gme\/price-earnings-peg-ratios](https://preview.redd.it/3ll0jzd3r4n71.png?width=828&format=png&auto=webp&s=00a7dc224a3a2ff20e522a26c25c69861b6943cf) + +Nasdaq is saying that the P/E estimate for 2022 is 9520.5. I got hyped as fuck when I saw this but then I asked myself (same as u/thabat) how the fuck did they come up with this? And then I saw in the [other section](https://www.nasdaq.com/market-activity/stocks/gme/earnings) that the EPS estimate for 2022 is 0.02 + +&#x200B; + +[https:\/\/www.nasdaq.com\/market-activity\/stocks\/gme\/earnings](https://preview.redd.it/z3sid75gr4n71.png?width=820&format=png&auto=webp&s=eab35b418afd045a53453562e66a9c74b6991515) + +# 190.41/0.02 = 9520.5 + +# 190.41/0.03 = 6347.0 + +So as for the rest of things in the post (especially float of 249mm and obviously cellar boxing post) I'm really hyped, but this is not one of them. **This just means that Yahoo is using the value of 0.03 as the consensus for EPS forecast.** + +**Learn, buy and hodl!** +Hi community + +&#x200B; + +I have read all posts in this subreddit. Most of people do not suggest the indicators/TA. I am a little bit confused and want to just clearify it. + +\- Are indicators useful at algo-trading? +\- Which topics are good with algo-trading? (I do not ask any strategy, just main topic.) + + +Good trades, thanks +I want to live in one of the units and have the rent cover my mortgage. I looked at a triplex recently in my neighborhood. If I put 20% down, my mortgage would be about $3,500. The other 2 units would bring in about $3,700. It’s not ideal, but I can afford the $3,500 with my partner (we both pay around $1700/month right now). + +I know the obvious risks such as not having a tenant and repairs, but how do I put together a solid plan? What are the less obvious risks and how do I prepare for them? Is it a bad idea in this market? +I've seen a lot of negativity today about the lack of gains today and the big dip yesterday. GME was at $48 on 2/24, it's now around $260. As much as we would love to see it, we're not gonna see gains of 30-40% every day. It's costing the hedgies millions each day in short interest, all we've gotta do to keep fucking them is to keep holding. 3/12 calls that are ITM will be exercised tomorrow, just have patience. Eat some crayons, sniff some glue, jerk off while watching your wife get fucked by her BF, just make sure you HODL +Andreas has a talk called "The Lion and the Shark". The idea is that both ETH and BTC are apex species, but they live in different worlds and don't compete with each other. + +I like Andreas and I understand that he's trying to appeal to two audiences that see things differently. Good for him. But... + +I disagree with Andreas' analogy. ETH and BTC are *directly* in competition. + +Investors choose between them. Developers choose between them. Users choose between them. + +ETH has a long list of advantages. BTC has one advantage, which is slipping away. +My mom is divorced and has about 29 M liquid and owns one house worth 1.4 M. She lives well within her means, but I’m worried her and I (separate accounts) wealth management company is taking advantage of her lack of financial knowledge. She recently to me that they recommended doing a reverse mortgage for 500k on the house for remodeling. With rising interest rates and the fact she could pay cash for the remodel, I’m worried that their milking her. I also came across a projected income model from them and their manage fee is 5% of post tax income. + +Relevant Info: the management company is full service for high net worth individuals and includes doing taxes. They used to manage my parents money when they are together. Now two different wealth managers manage my moms money and my dads separately. + +TLDR: I’m worried that my mothers wealth management company is taking advantage of her. +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). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +I know there are lots of "when Lambo" memes that get thrown around and it's great banter. But I was wondering, has anyone in this forum actually ever Bagged out their profits and bought a lambo or super car of the like? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +I doubt my complaint will amount to anything, but I feel a little better now. Too many "bugs" and coincidences surrounding the Brazilian puts for my taste. I filed a complaint under the SEC Whistleblower Program ([https://www.sec.gov/whistleblower/submit-a-tip](https://www.sec.gov/whistleblower/submit-a-tip)). Could care less about a potential award - I have enough GME shares to retire comfortably. I'd just love to see a little justice. + +Many thanks to the apes who provided feedback to the 'Brazilian Puts' posts (bottom), but especially to u/Criand, u/Broccaaa, u/wladeczek44, u/ammoprofit, u/LordSnufkin, u/GuitarEvil, u/Effective-Island8395, + +&#x200B; + +https://preview.redd.it/wq27vqop20g71.jpg?width=1151&format=pjpg&auto=webp&s=a84e8392155ec26831d6c9e0bef6c2b0be548baa + +[https://www.reddit.com/r/Superstonk/comments/ozekd5/brazilian\_puts\_bloomberg\_follow\_up\_none\_of\_those/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ozekd5/brazilian_puts_bloomberg_follow_up_none_of_those/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/oxv148/brazilian\_puts\_bloomberg\_says\_they\_were\_a\_bug\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/oxv148/brazilian_puts_bloomberg_says_they_were_a_bug_and/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/ovaorq/credit\_suisse\_put\_options\_540k\_gone\_in\_bloomberg/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ovaorq/credit_suisse_put_options_540k_gone_in_bloomberg/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/ovf7ab/historical\_put\_positions\_in\_july\_bloomberg/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ovf7ab/historical_put_positions_in_july_bloomberg/?utm_source=share&utm_medium=web2x&context=3) + +**TL;DR** Filed SEC Whistleblower complaint for Illegal Options Trading for $GME Stock Used to Reset Reg SHO Close-out Obligations + +&#x200B; + +Edit 1: Comments/questions about whistleblowers: [https://www.sec.gov/whistleblower](https://www.sec.gov/whistleblower) + +“The Commission is authorized by Congress to provide monetary awards to eligible individuals who come forward with high-quality original information that leads to a Commission enforcement action…” +Hi my names Colin. +This post is going to be very much emotions and how I feel right now in life. + + +I've grown up and lived in poverty all of my life. My mom and dad. +I currently work as a line cook at a local bar thats about a mile or less away from my house. +I am fortunate to have such a steady job so close to home that pays well. +I barely passed through high school. Due to many factors but I was a slow learner a shut in and lived an unhealthy lifestyle at home. I got a job right out of HS and it improved my work ethic greatly. + +During the last year I did make bad financial decisions and did not save my money properly. +I learned how to save up money and be frugal over the winter. As I had barely any work hours or money. + + +I live in a small cottage thats 500 a month it's very tiny but big enough for me and my girlfriend. +The internet is now $90 and my phone is 35 but i do not pay my cellphone bill myself. I used to and when i can afford to i want to. I plan on opening up a bank account with my tax return and not touching it and putting money into it to save for an automobile or some sort of automotive transport. + + +[21/mtf] she is transgender and hasn't been able to get her medication covered since we've been together for 2 years. We do have healthcare we merely don't get much time to go to the doctor. +She does not work and is very apprehensive and scared about taking action in her life. She was homeschooled but never actually got her ged. The place I work at she would be able to get a job but it requires a ged. It bothers me and we have other personal issues. If she could get a job I feel we'd be doing much better. I hope she can get her meds soon. + + +During clear days I ride my bicycle to work. Even if it's cold sometimes. + + +I live up in ohio near lake erie. It snows a lot during the winter and is hard to traverse without a car. I rely on my family members who are my safety net. They pay for my communications bills right now. +They bring me everywhere I need to for important things only. + +Groceries, Laundrymat, doctors. +I have to fit to their time schedule and have to fit my life around when my family can take me places. + + +I haven't had a hair cut in nearly a year now. I need one due to my job. +I am on EBT in ohio. Without ebt I would not be able to afford rent during the winter and put money aside. + + +I can and never will be able to repay my family members for the money they have covered for me when i missed proper rent because i did not have enough money. If it wasn't for my girlfriends mother getting a new job position we'd be screwed. + +I make around 9.15 an hour I got a 15 cent raise a few days ago. +I live in a village thats a vacation spot. It's mainly seasonal work during the summer for teens and young adults. The Pay is awful for most of the jobs though. As the work up here at most of the resort/amusements is targeted at teens. + +I live in an area that is 5 miles or more from the nearest town. +The local town isn't very far by car. But by bike it takes 45 minutes to an hour or more. +The road I travel to town is very busy and is a straight away so often cars drive recklessly. It scares me I've done it before but I'm often times sweaty and too tired by the time I get home. + +I moved up from west Virginia to live with my girlfriend because I wanted to move away and be happy. I'm pretty happy that she still loves me. But I am unhappy and depressed about my financial situation. + +I want to find another job. I was recently offered a job up at a factory as a janitor. I was told by the employer I'd make $700 dollars every too weeks. The man who offered me the job guaranteed me it too. But I don't think I'd be able to keep my promise because it's so far away from my house. + +But I got scared because I told him I do not have my own car. This is contractual work. What if I miss a day or I show up late because of my bike. My family members did offer me help. But they drive me to work during the winter already. It's still winter near spring It's cold out I can't bike 5 miles in the cold than come home at night fora 5 mile bike ride. I do not have lights on my bike. + +I want to buy a car or a scooter or moped or motorcycle! I just want to be free! I want to be able to get a proper car or scooter to commute on. I want to be able to go get eggs and milk I want to be able to take my girlfriend on a date to the movies. + +I am very fortunate her family is here to help me when they can but I feel like a leech I sometimes even feel like her family hates me for being here. Because I am a burden. + + +Whats it like to own a car and to not have to feel like your pestering your family just to go to a doctors appointment. I want to have clean clothes when i need them. + + +Hopefully during the summer things will pick up at my job I might get more work hours. I hope I can find a second job. But I don't know. Things could be much worse they really could be. But I still feel stuck living paycheck to paycheck. +Last year was beyond an embarrassment for apes and it also caused a TON of drama and in-fighting. Can we just not this year? We can all attend virtually/quietly. Let the people at GME do their talking and announce vote results. Maybe I'm in the minority. I don't know. Promise I'm not trying to be negative or a dick. HODL! + +That is all. +$LOF - 6M market cap - 30k Holders. Small Cap Gem 💎with REAL utility & COINSBIT listing Tomorrow.💸💸😱Next 10.000 Investors Get Rewarded💰 + + +Unique Rewards. Charity Giving. Community Driven. 💎 +This is LonelyFans – $LOF. The cryptocurrency that empowers and supports talented content creators. 🤳🏼 + +🚀The next 10.000 Investors that invest $100 will get a VIP OnlyFans subscription.🔒 +🚀One of the first #BSC tokens with a REAL use case. 💼 +🚀Charity token that is donating against Sexual human trafficking.💜 +🚀A project with great long term potential. Marketplace which will contain limited edition and exclusive NFTs from our 5 star top content creators. ⭐️ +🚀A very strong LOF community with a transparent team. Respectful and interactive community. 💙 +🚀Coinsbit listing on Monday (tomorrow) 🗯 +🚀CMC listing extremely soon! 📢 + +Where to buy (Make Ssure To Buy On V1) +Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xB3225aC90B741f762BecA76dEA1eaD278Ef26A96 + +Contract address: +0xb3225ac90b741f762beca76dea1ead278ef26a96 +Bogged: https://charts.bogged.finance/?token=0xB3225aC90B741f762BecA76dEA1eaD278Ef26A96 + +Website: https://lofcrypto.com +Telegram: https://t.me/LOFcrypto +Twitter: twitter.com/LOFcrypto +Discord: https://discord.gg/vyqHDyrQ +Instagram: https://www.instagram.com/lofcrypto/ +Reddit: reddit.com/r/LOFcrypto/ + +Much LOF 💙 +Title. + +Just wondering why that's the case. Yes, I understand individuals picking stocks aren't successful over a long-term horizon, but anytime someone asks what company looks better, 90% of the answers go directly to VTI or SPY or other index funds!?! + +Isn't the purpose of this sub to discuss individual stocks? I thought index funds were for r/Bogleheads and r/investing ? + +&#x200B; + +Thanks, and I will probably get downvoted for asking this simple question. +Title pretty much sums it up. Never thought I’d get addicted to the stock market... I’m constantly distracted and keep checking my phone for updates, don’t listen to lectures (never really did anyway fuck zoom university smh), and once the market closes, all I do is read the news about certain stocks and companies, then go on reddit, then discord, then twitter, then instagram. I swear I watched every single video about stocks on YouTube already. I literally can’t sleep right now cuz I’m excited for 9:30 am tomorrow. Fuck bro this is unhealthy but I’m making bank. anyone else feel the same way? + +$GME $BB $AMC 🚀🚀🚀🚀🚀🚀🚀🚀🚀 +*From* ***Grattan Institute***\*:\* + + More than three-quarters of Australian workers earn less than the average full-time wage of $97,439 a year. + + ... + + The typical full-time Australian worker actually earns $84,628, and the typical Australian worker earns just $63,041. + +I just can't fathom how **most** Australians are living on less than $55k per year *pre-tax*. Even most **full-time workers** are individually earning less than $100k with the median being almost $15k lower than the average. + +It's worth noting that the 99th percentile is almost exactly double the 95th percentile - as expected there is a HUGE right-skew in the earnings distribution. + +I am, as I imagine most of this sub are, in the top 5% of earners in the country and frankly I don't feel wealthy - at best I am comfortable but as a Gen Z I am still going to struggle to do basic stuff like buy a bloody house. + +How the hell does this make sense? Did I just overestimate what prosperity was, or has there actually been a material change in the standard of living in Australia over the last 20 years? Do you guys feel wealthy?? + +Sources + +* [ABS Average Weekly Earnings, Australia](https://www.abs.gov.au/statistics/labour/earnings-and-working-conditions/average-weekly-earnings-australia/latest-release) +* [Grattan Institute 2022 Cheat Sheet](https://grattan.edu.au/news/grattan-institutes-2022-budget-cheat-sheet-on-what-australians-actually-earn/#:~:text=More%20than%20three%2Dquarters%20of,Australian%20worker%20earns%20just%20%2463%2C041.) + +https://preview.redd.it/bpamph66ays91.jpg?width=1040&format=pjpg&auto=webp&s=ce93d25bcd06931f32ec72fba853b0ab640bb691 +Have a 2.6 million dollar net worth. All of it is in stocks other than about $160,000 in cash. + +I would like to diversify about 16% of the 2.6 million into real estate. + +The problem is I have no ties to anywhere. So what do I do about buying real estate? How are people choosing where to buy? are 99% of you just choosing where to buy based on where your work is and where your family is? What if you have no home base for work and you have very few friends/family? +I can feel the downvotes coming based on my question but here it goes. + +We are mid-30s, well situation on our path to fatFIRE. Our current NW is 1.3. We have a frugal approach to our lifestyle. The initial target is 4.5M, and then we will likely keep going to 7 before we fully RE. We currently make 600-700k a year (this has increased in last 4 years, but I expect it is starting to plateau), and invest (between savings, RSUs, deferred comp, 401k matches..,) 63% of this. Next year changing our housing, 70%. I expect to add 1M in principle savings in 3 years at this rate. This is on top of the 1.3M net that is largely invested in an moderate risk investments. + +Here is the problem. Frankly, I've become obsessed with investing and maximizing return on our salary. I came from blue-collar working family, and I constantly fear it may go pop one day (hence FI push in the first place). This is a fear that is not rooted in reality because our careers both continue to be in high demand, and our jobs and companies continue to be very stable even in the COVID-19 world. + +**The problem:** I want to buy a car, and a nice one. + +The car 60k, and we can easily put down 25K, and finance the rest at 0.9%. The 70% saving rate above is inclusive of this car payment. I very much want the car, but I still am struggling to pull the trigger because I feel like no matter what I spend it's "wasteful" or foolish. + +Frugality has become a game but to the extreme. Does anyone else have the problem where even though they hit their goals, the urge for "a little bit more" makes it difficult to enjoy yourself? + +The car payment will be 2% of our net take home in a given year. Numbers wise, it feels like I am being very conservative yet I can't shake the opportunity cost factor if I didn't spend 60K on car. Put another way, between now and 2023 we project to invest/save 1.3M, and this car is 4.6% of that total. Do others think this is tiny, and I am being a baby, crying with two loaves of bread under my arms? Or should I let the frugal side win and scrap the car for something much cheaper (30k range). + +[Edit] Pulled the trigger. Now it’s just a matter of taking delivery with Covid-19 keeping dealerships closed. +I know people preach the end of days perpetually, but given everything that’s going on I think a recession is incoming. I’ve never been an adult during a recession but early days of COVID had investing opportunities that I failed to see. Im not going to miss what’s next. Recessions suck, but for an investor it’s an opportunity. + +With that being said I’m on the lookout for good investment opportunities. Not buying a house while things are peaking. + +For other investments im looking at electric freight like hyliion and some others. + +What are you gonna jump on in the case of a recession? +Hi, +I’m living in europe and I’m looking into starting long-term investing into ETF’s that are available for investors from europe. I would put approximately 1000€ into the ETF’s every month. The plan is to hold for a long time (20-35 years) saving for retirement. What are the kind of ETF’s that I can invest to? ETF’s that would have low fees and ETF’s that would preferably invest the dividends automatically back into the ETF. Does this have to be a specific ETF or can you choose with every ETF whether you want the dividends paid to you or invested back? + +I’m looking into 4 different ETF in the sectors below. Do you know any ETF’s in the sectors below? + +1. ETF investing into S&amp;P 500. Similar to VTI or VOO + +2. ETF focusing on high dividend yield, maybe in the US markets? + +3. ETF for emerging markets + +4. ETF/REIT to US real estate market + +Thanks for your help. I am a beginner and have just invested into some individual stocks. Help would be appreciated :) +I have $200 a month I want to invest in some higher risk stocks/ETFs. I'm mainly looking for a shorter term investment (2-5 years?) and I'm okay with potentially not making money on this. I'm already investing in much longer term securities in a Roth IRA. I'm currently thinking of just doing 50% ARKK and 50% ARKG. I might throw another $100 a month at QQQJ. I figured with this amount of money it would be best to just invest in a couple ETFs rather than try to diversify like crazy. + +Anyone have any thoughts? Thanks! +hello all, this post is just to raise awareness about 4 new thematic ETFs from fidelity to keep your eye on: + +&#x200B; + +[Fidelity, vanguard, and schwab are typically the cheaper of fund providers to hold. These fidelity ETFs charge an ER of about 0.39&#37; however this is below industry average and generally ETFs investing in these futuristic themes tend to have high ER](https://preview.redd.it/0enige7fzus71.png?width=1375&format=png&auto=webp&s=0e8b94fafaa7299dbc192462039ac37f4bf4e6db) +I got rehired at a job and started working as a RN on October 25. I was expecting my first paycheck to be direct deposited on November 12. Of course, being a new hire again, I can understand delays with first paychecks, but I was able to see on our employee portal that a pay stub was generated. There was no money in my account however. + +Once I investigated further it appears that they (payroll?) entered my checking account number incorrectly. It was off by one number, but thankfully not a real account, so the bank just reversed the transaction because it was clearly an error. + +I have been calling, emailing, (and honestly just annoying) in any way I can the HR department about this issue and even emailed my union rep for the hospital. It seems like every time I reach out to them a different person answers the phone and we get nowhere. + +So, as of now I still have not received my funds and have not received any solution or expected resolution and said paycheck is almost 2 weeks overdue and still in limbo. Luckily my significant other has been able to cover my expenses. But, + +1. Is there some sort of more serious action I can or should take? It seems insane to me that this could go on when most people have mortgages, bills, etc. It seems like negligence on their part, but I’m aware my emotions are involved, so I’m open to feedback if I am overreacting.. + +2. Is this just a SOL situation and I keep on waiting and calling and move on? + +TLDR: I’m 2 weeks overdue for my first paycheck due to a payroll error in entering my account number and want to know if there is more I can do that I’m not already +Last night several threads warned about Trezor phishing scam and almost on cue, today I read a post by 7 year crypto veteran that he fell for it and lost everything, about $72,000 in Bitcoin. + +It can happen to anyone. You're tired, arguing with your gf, distracted, etc... nobody is perfect. He lost everything. I can't afford that. Shit gives me nightmares. + +I've been intending to buy a Trezor for some time now, but I keep hesitating. I've been so nervous about the whole thing. What if I lose my seed phrase? I live n NYC, someone breaks into my apartment, a fire, collapse, etc.. call me paranoid. + +Now that Coinbase One offers insurance, I'm not even going to worry about cold storage. I sleep better this way. I don't care about all the "not your keys not your coins" arguments. I have a legally enforceable contract with Coinbase now that I pay for. + +True, it's price is kinda steep at $30 a month, but to me it's worth it. It comes with no trading fees which sweetens the pie. Also comes with "priority" customer support, which I tested and only had to wait 2 minutes before I was speaking to a live agent. + +So yeah, fuck that. I'm just too paranoid. If US gov ever looks like it's on the verge of collapse, then yeah, I might put it in cold storage before I bounce out of the country. Until them I rest easy with my coins insured on an exchange. + +Let the hate begin... + +&#x200B; + +&#x200B; + +Edit 3: For those of you who calling me a shill, here is a link to the review I wrote a week ago about CB One. It's a fair review. Just my expereince. I don't sugarcoat anything. [https://np.](https://www.reddit.com/r/CryptoCurrency/comments/tsi85k/is_coinbase_one_worth_it_1_week_review/)[www.reddit.com/r/CryptoCurrency/comments/tsi85k/is\_coinbase\_one\_worth\_it\_1\_week\_review/](https://www.reddit.com/r/CryptoCurrency/comments/tsi85k/is_coinbase_one_worth_it_1_week_review/) + +EDIT 2: As mentioned, I live in NY. Only CB and Gemini are available here. Kraken and CDC and Binance are not available in NY. I know that CDC also offers insurance up to $250K and they don't charge for it so long as you use 2FA and whitelisting. + +EDIT 1: Here is a link to the Coinbase Insurance T&C for those who have been asking for it. + +[https://www.coinbase.com/legal/user\_agreement/united\_states#coinbase-one](https://www.coinbase.com/legal/user_agreement/united_states#coinbase-one) + +&#x200B; +Since this situation began, I've been wondering whether the lockdown will finally change how companies perceive working from home. Prompted by another thread on here from earlier today where a lot of people shared their company's current WFH policy, I got really curious to know more about this topic. + +Which industry are you in and how has your company's working from home policy changed? Were you freely able to WFH before, or was it frowned upon? If going back to the office is the preferred way of your company nonetheless, when are you expected to do that? +With almost 150B in Cash, they could easily return above the S&P return (inc. dividends) while still having enough dry powder left for elephant size acquisition. +What sort of signals or signs will be evident that we are in a housing crash or that we have crashed? + +I'm a long term ETF investor and my number 1 rule is to not try time the market and just buy when I have the funds to do so. Does this principle carry over to buying a property? + +I'll be ready to buy early next year and occupy the house, not looking at interms of an investment. + +Lastly, with a decrease in house prices and increase in interest rates, the morgage repayments will probably not change a whole lot from where they would sit at the moment, correct ? +For the developers, engineers, IT specialists among us, [CodeProject.com](https://CodeProject.com) spotlighted a blog post this morning that really resonated with me that I wanted to share here regarding the importance of having an F-U fund. + +[https://www.sitepoint.com/why-the-highest-paid-developers-fight-their-coworkers/](https://www.sitepoint.com/why-the-highest-paid-developers-fight-their-coworkers/) + +&#x200B; + +Particularly this segment regarding why developers continuously put up with situations like this: + +* One of the designers you work with consistently pitches vanity features that triple your team’s work. No one says anything about it. Your boss consistently blows his stack when your team fails to ship on time. +* Your account manager is an enabler. Clients feel scope creep is a virtue so they request more work with no change in the timeline. You’re expected to deliver these results. +* One of the developers on your team does *terrible work*. You know his work is shoddy so you’re constantly cleaning up after him. He gets all the credit for your pristine edits, though. +* You write pristine code that performs beautifully. Your coworkers, who didn’t understand what you did, decide to change a “few things,” they break everything. Everyone is angry. The developer who made the changes to your code points at you. +* You’re forced to work with a prima donna developer who feels his work is (much) better than yours. He doesn’t mind saying so on a daily basis. Your boss says you have to work with him, so you take his abuse and try to finish quickly. + +&#x200B; + +Having been in this business for decades this really hits home for me, and it makes me regretful that I didn't focus on gaining financial independence earlier in my career because I worked so much crunch and took so much abuse from customers for just the reasons the author states; I really needed the money. +# What is $RAINBOW? + +$RAINBOW is a hyper-deflationary, multi-faceted token that employs 7 resilient protocols which uniquely combine to create a single, robust cryptoasset. Check out the chart and you can see that it **peaks higher with each market cycle!** This is because its seven protocols combine perfectly for a **very bullish token!** + +This project uses first-of-its-kind tokenomics to make it a truly unique BEP20 token that has never before been seen. I am extremely excited for how far this project can go, **it's still so incredibly early to be investing when you read what is upcoming for Rainbow!** + +The developers are creating multiple products behind the RAINBOW brand and are currently focusing on building a decentralised token launchpad service that specialises in user friendliness, flexibility and utility for the native token, $RAINBOW. + +# How does the token work? + +Each buy transaction is taxed 7% and split into seven equal portions: + +&#x200B; + +🔴 **Burn**: A portion is permanently burnt directly to the dead address. Since the dead address also has reflections enabled on it, a faster rate of burning occurs as the number of RAINBOW tokens in this dead address builds. This makes the token truly hyper deflationary, reducing the supply over time and making each token more scarce / valuable! + +&#x200B; + +🟠 **Buyback**: A portion of the tax is sold into BNB which is stored inside the contract. This BNB is then used to purchase back tokens after every sell. The purchased tokens are then permanently burnt, meaning the price permanently increases relative to the circulating supply. + +&#x200B; + +🟡 **Reflect**: A portion is reflected to every existing holder based on the % of the total supply they are holding. This means just by holding $RAINBOW you earn an interest yield automatically and straight into your wallet. + +&#x200B; + +🟢 **Charity**: A portion is used to donate to charities that the development team and community feel strongly about. + +&#x200B; + +🔵 **Liquidity**: A portion is used to increase the size of the liquidity pool. This means as time progresses, the price impact of relatively large sells goes down, and larger investors are able to purchase bigger amounts without losing out to slippage. This both alleviates some of the sell pressure whales can put on projects, and allows a larger range of big investors to buy into the project. + +&#x200B; + +Ⓜ️ **Marketing**: A portion is sold into BNB and sent to a marketing wallet. These funds are solely used for business & marketing purposes, helping spread the word of $RAINBOW so that more potential investors are exposed to the project. + +&#x200B; + +🟣 **Lottery**: A portion is held in the contract inside a side pot. These extra tokens are awarded to a random (real) buyer, this provides further purchase incentive for Rainbow and awards real active investors instead of bots. + +&#x200B; + +They also have their own **anti-whale tax** system for large volume sellers - this is incredibly important as it reduces sell pressure from whales considering dumping their whole supply! + +For more in depth information on each protocol and the project in general, check out the telegram: https://t.me/rainbow_crypto or whitepaper: https://rainbowtoken.finance/whitepaper.pdf + +# Why $RAINBOW? + +Other than the fact that $RAINBOW has a great and unique idea, these are the reasons why I know I want to be a part of it: + +🌈 💰💰 **HUGE BUYBACK POT OVER $150000** 💰💰 + +🌈 **Fiat on-ramp** will automatically push up price when users buy $RAINBOW with credit/debit card + +🌈 Promoted by a celebrity and other huge influencers + +🌈 Chart is **incredibly bullish** breaking **ATH after ATH**, holder numbers are growing constantly + +🌈 Presale Launchpad "Bifrost" gives a **utility** for the token + +🌈 NFT P2E Game, Staking/Farming, mintable NFTs are all set to come in the future - **check out their impressive roadmap in the white paper!** + +🌈 **Community is rewarded for shilling** on Twitter with the RainBot + +🌈 Verifiably doxed & experienced developers + +🌈 Viral marketing is being used to create parabolic growth + +&#x200B; + +For all these reasons, this project is more than worthy of being a part of - but don't take my word for it! Read the whitepaper, join the Telegram and as always, DYOR. + +# Links: + +[Telegram](https://t.me/rainbow_crypto) + +[Website](https://rainbowtoken.finance/) + +[Twitter](https://twitter.com/rainbowtokenbsc) +Hi, so I was checking my PF account in the Umang app and I saw that I have two PF passbooks, one from my previous job and another of my current one. When I joined my current company they asked for my UAN number and I was under the impression they transferred my previous PF to the current account but looks like both are under different passbooks. + +So my question is firstly is there supposed to be two/separate passbooks for different companies you work for ? or is the previous balance supposed to be transferred to the new one? and if so how do I do this? + +any help would be really appreciated, thanks. +IDFC Enters Credit Card business with a bang - not to charge interest on cash withdrawals from ATM during the 45-day free credit period and 9% APR (Min) + +A credit card allowing cash withdrawal – and interest free – sounds too good to be true. But IDFC First Bank is offering one, claiming another industry first perquisite by way of the lowest finance charges that would be synchronized with customer ratings. + +IDFC First Bank has said that it will charge interest as low as 9% on revolving credit for those with a good track record. The private sector lender will also not charge interest on cash withdrawals during the 45-day free credit period. But cardholders will have to pay a nominal fee of Rs 250 per cash withdrawal against Rs 500 charged and interest charges levied by other major lenders. + +Worth mentioning here is that at present, lenders are charging interest on revolving balances at the rate of 1.99% to 3.5% per month, which comes to about 40% annually. + +IDFC First’s credit card will not have an annual charge and reward points too would not have any expiry, the lender said. + +While not all cardholders will be eligible for the best rate of 9%, young customers without the required track record will be charged annual interest at 36%, which is still lower than the rate charged by leading players in the segment.  + +IDFC First Bank is looking at segmenting the market into wealthy global customers, those who are big spenders and have excellent credit records. For millennials and big spenders, the attraction would be relatively higher rewards, which will be available on all transactions except fuel and insurance premium. + +“We are hoping to shake-up the industry with these disruptive first-of-its-kind initiatives; we hope with this we will be a reasonably strong and one of the most preferred cards as we go along,” the *Economic Times* quoted B Madhivanan, chief operating officer, IDFCFirst Bank as saying. “Today, so much data is available on customers that we have the ability to give the right price to the right guy.” + +Madhivanan, who joined IDFC First Bank in the previous year from ICICI Bank, where he was chief technology officer and head of digital initiatives, is leading the credit card segment of IDFC First Bank. + +According to Madhivanan, the pandemic has redefined payments in the country with a huge shift to digital. “While the credit card market is crowded, we see scope for growth as many potential customers are facing barriers. Our strategy is to come out with a product, which does away with all the barriers, makes life simple and gives cardholders a rewarding experience,” + +IDFC First Bank's credit card range comprises four variants and will initially be offered to existing customers by invitation. For new customers, the card will be launched in March. + +The lifetime-free credit card includes four variants, FIRST Millennia for digitally savvy millennials, FIRST Classic aimed at value seekers, FIRST Select for the aspirational and FIRST Wealth for those who prefer premium benefits.The bank will offer a standard reward point structure with 10X reward points for incremental spends of over Rs. 20,000 in a billing cycle and 3X reward points on all spends, 6X on all online spends. There will be no cap or expiry on the reward points. + +&#x200B; + +Edit 1: + +Here are my takeaways: + +1. Cash withdrawal without any interest payment in the credit cycle will be the most important attraction. This will help in structuring the emergency corpus slightly different. I can even park it in Arbitrage fund and few days delay wont affect things much. +2. 9% APR are biggest attraction for people in debt trap - though most of them won't be eligible for lower interest. But even few % drop in interest will help them. It won't be of any attraction to people in this sub as most of the people are out of debt trap. +Hi, + +A few days ago I posted a comment(in a subreddit) saying I could code up a twitter bot to tweet back Moving Averages and other details of stocks. + +I have almost finished it up. It is now capable of answering(it is not live as yet, sandbox mode), still testing it though: + +1- Buy/Sell/Hold - Ready + +2- Moving averages - Ready + +3- Setting alerts for you, i.e. it will mention you and remind when event triggers, it can be price crossing a certain point, or price at a particular time in the future. + +(Unsure whether to add this, it is a bit of a data hog) + +4- Updating you based on your list of shares about results(Upcoming date). + +(Still testing this part) + +5- A very very useful feature which I am still pondering whether to start now or after some time. + +I am looking for more suggestions or advice on things you would like me to add in. + +TIA + +&#x200B; + +PS: Mods I am not sure if this counts as self-promotion, if it does please remove it. +I have plenty of time to kill and I am reading a lot of annual reports as a result. I read Chipotle and Amazons earlier 10-ks and they are very insightful. Im now looking for Indian companies, any suggestions? + +edit: the fuck is wrong with this sub? downvoting genuine discussions? seems like mods prefer countless MF and PPF type noob questions. +Hi All, + +I was arrested in May 2016 during the weekend of my finals at UCL and duly convicted a year later on May 2017 for “Possession with intent to supply a controlled substance “Class B”” and sentenced to 11-weeks in prison, suspended for one-year and 150hrs of Community Service. + +Since completing my sentence, I have finished my undergrad at UCL, completed a Masters at Imperial and have been offered a few graduate jobs, which have then been rescinded after my conviction became apparent. + +These include working for Trucost (a sustainable investing arm of the S&P500) and the job I really wanted of becoming a Teacher. That one hurt the most as it’s something I really wanted and felt that my life experiences would’ve made me really good at. It didn’t help that I met all my teaching class-mates and got to know each other for the first week of the course before I was embarrassingly dismissed. I’ve always loved academia and am a pretty reputable Private Tutor in London. I began my GCSEs a few years earlier than normal and have decent A-Level grades. I am currently a Tutor for a few different firms and am quite popular on one of the most used websites in the UK to find a tutor. + +Due to the pandemic, I’ve lost a lot of my clients and am wondering about what I’d like to do with my life. I never imagined when I was sitting GCSE exams in year 8 that I’d be 25 and on an online forum seeking anonymity to ask for help with my employment struggles, but here we are. I don’t blame anyone else for my mistakes (although sometimes I wish I grew up in a different environment, but then I look at my friends who I never would’ve met if I didn’t grow up in a council estate and I stop wondering what could have been) but I constantly replay the day I got arrested 4 years ago in my head. It’s difficult to move on when jobs won’t let me. + +I wanted to ask what careers can I pursue? Or am I basically on my own here forever and have to build something myself? I’ve considered expanding my Tuition and moving to YouTube where I can become a teacher irrespective of whether any institution wants to officially qualify me as one. I want stability and something with progression. Has anyone got any advice? + +My conviction became “spent” last month. + + +I appreciate all input. Many thanks. +My wife and I got talking about 'The Silent Generation', those who were born before WWII ended. We thought about all the people we knew, or know of, in that generation. + +We saw a pattern in terms of money. Low spenders and big savers. Frugal, not out of necessity but ingrained in their DNA. Prepared for any eventuality. + +Like, those people probably paid off their mortgage in five years. Yet I've never known one 80+ yr old that spends a lot or has an extravagant house. Most of their lifestyles are very basic. And yet, they have money. Thousands of it, lying in accounts. + +Does anyone have the same experience? Is it because of the war and the long term effect it has had on them? +It has happened to me earlier this year but fortunately luck was on my side. But this trader in question lost $60 per spread when his max risk defined was less than $1. That’s why I wanted to share it with this community. + +TLDR; ALWAYS close your spreads, never leave it to expire worthless. There is a slim time window AH during which your long protection has just expired worthless but your short option can still be exercised. + +https://youtu.be/rtVFj9nRRDo + +Edit: some members suggested that this title is click baity. I want to clarify I am not subscribed to project options in any way. +Some members also suggested that this post gets repeated a lot around here. I’m sorry about having posted something that you already know. From the type of posts in the daily thread, I know there are tons of new traders here. Plenty of people have tried to explain this risk in this group before but I just think this video sums it up nicely and refers to a real example that’s fresh in memory (TSLA being kicked out of SnP500 inclusion). +So I summed up the [historical volume (NSDAQ) ](https://www.nasdaq.com/market-activity/stocks/gme/historical) from January 4th 2021 to July 14th 2021. The sum/ total volume was 3,284,802,823- or 3.28 billion shares. + +Now looking at the [daily short volume ](https://www.shortvolume.com/?t=GME) since January we can see it seams to have an average short volume percentage around 55-60%. + +Here’s an image if you don’t like links- https://imgur.com/a/23os95v + +Now if we multiply the total volume by short volume (3,284,802,823* .60) we get roughly 1,970,881,693 (1.9 billion) shares sold short since January 4th. 🤯 + +Disclaimers: + +1) Short volume and short interest are not the same. Short volume measures the number of shares that have been shorted over a given period of time, short interest represents the number of shorted shares that have yet to be closed out or covered by investors. [(link to short volume vs short interest)](https://finance.zacks.com/read-short-interest-ratio-5076.html) + +2) MMs (market makers) provide liquidity to the markets. So if retail investors are buying a stock, the MM can fill their order without purchasing the security themselves, which will be marked as a short sale and reported in daily short volume. Sometimes they can profit off this through [arbitrage](https://www.investopedia.com/terms/a/arbitrage.asp) + +3) Short volume is self reported my MMs + + +Now back to the 1.9 billion shares in short volume. + +If these were retail/ ape buy orders that were getting reported as short volume, than it would account for 65.6x or 6,560% of the open float (roughly 29 million) held/ bought by retail investors- since January 4th 🤯 + +If these 1.9 billion shares were a mix of retail buy orders getting filled by MMs and plain naked shorting than the same point would stand. Shorts would need to get closed out, and retail buys would also need to get closed out for the books to be rebalanced. + +It is also my belief that since these short volume numbers are self reported by MMs they likely aren’t fully accurate as nothing MMs, hedge funds, or institutions have reported so far has been very accurate. They do seam to report the lowest numbers possible tho, which makes me wonder if short volume is actually quite a bit higher. + + +None of this is financial advise. Also, please poke holes in this if you believe any info is incorrect. + +POWER TO THE FUCKING PLAYERS. BUY AND HODL. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + + + + +Edit 1: Fixed link + +Edit 2: u/loggic had a good comment below explaining how this calculation represents the best-case scenario for us apes, and assumes that zero of the short volume since Jan 4th has been covered. So let’s look at worse-case scenario. + +If we pretend that 100% of the short volume has been closed, than that should lead us to a total cumulative volume of 3,941,763,386 (1,970,881,693* 2) + +If we now subtract 3,284,802,823 (actual cumulative volume) from that number were left with 656,960,563. + +This would mean that the bare minimum of shares that would still need to be closed since Jan 4th- July 14th would be 656,960,563, or 22.6x the open float, or 2,260% + + +TL:DR + +Best-case scenario 6,560% (Of the open float) +Worse-case scenario 2,260% (Of the open float) + +.... this also does not account for any shorting/ short volume taking place before before January 4th +Watched the Martin Lewis show this week and the focus was on how to maximise the best savings accounts. + +As we all now rates are still so pitiful that none of these accounts are beating inflation. To me putting money into low risk etf’s or pension is a complete no brainier versus savings accounts …. But it still seems that society is obsessed by savings accounts. + +This ain’t the 90’s…with the base rate where it is surely people like Martin Lewis should be focussing on educating society on the correct way to invest - rather than recommending money to rot in savings accounts. + +I guess the question is …. Am I wrong? Why is there still a culture of savings and hating risk. + +Saturday morning musings. +They wanted the home in collingwood and Fitzroy with the cool cafes. They may have even taken 800k all under fomo. They thought housing will never ever go down. I have multiple friends with homes on the banks dime, 1 year ago they all said housing won’t go down and it’s go more room to rise. It was fomo, greed and people wanted to say “look at my portfolio”. They wanted to own the nice inner city house and were willing to pay insane amounts for it. + +A lot of people are going to get hurt in this and exposed a lot of people to some potentially scary times ahead. +1. You can't be certain about the outcome of a trade, because each trade is an uncertain and unique event. Uncertainity is the only thing that is certain in trading. It just takes one trade to move the market in the opposite direction. +2. The paradox lies in the fact, that although you can't control the outcome of any trade(win or loss), you are responsible for the result of the trade, How? Nobody is forcing you to take this trade particular trade, so win or loss, the trade is your responsibility. +3. You must not be confident or fearful about the outcome of the trade. Your, job is, when your edge is presented, you assess the risk, and enter the trade and act according to the market's response. You must be confident in your ability to trade when your edge is presented by the market and act upon it, without any fear or hesitation. +4. The market does not induce negative or positive emotions. It is neutral, your interpretation of the market is positive or negative due to how your brain associates emotions with previous experiences. +5. The market provides an opportunity, just as you provide the market with an opportunity. Both of your goals are to extract money from each other. +6. You should let go of the fear of losing, because, that is not in your control, losses are part of the process and always will be, because of how probability of uncertain independent events work. +You should accept when you are wrong instead of holding on to a loser and taking a much bigger loss. +7. You should have a predefined set of rules (Risk Reward ratio) before entering each trade. If you don't have it, you have not analysed risk properly and simply gambling. +8. Don't become overconfident, the moment you think you have figured it all out, is the moment you have lost it all. + + +Here are few of my interpretations, did I miss anything? Would you like to add something more to this? +I applied for an Amazon pay credit card 2 days back and Kyc is scheduled to be in the coming Saturday. This is my first credit card and was wondering what are the chances of getting this card approved since I have no credit history. + +And in case it gets rejected what are some ways to get it approved again or any other card for online spends which easily approves my application? + + + + +Edit: It got rejected! The kyc appointment was scheduled to be yesterday but no one showed up and in the evening I got a text that it has been rejected. +Looking to do my first flip soon and wondering why people don't just get business card with a 25k or more limit with 16 months (or more) to pay off. + +Why would you borrow money at 8-12% interest when a credit card will give you it for free? Isn't that half the reason for a business card? + +Even besides credit cards, if you're gonna buy appliances or other big purchases, most stores have payment plans. + +Yeah its bad to have various payments for a lot of ways, but if you're going to refinance the money out anyway in a few months.... why not? +The 540,000 put options held by Credit Suisse are no longer in Bloomberg as of this morning. u/Ravada and I both posted screenshots of these two days ago. They had expirations dates of 10/15/21, so I'm not sure why they wouldn't be there anymore. Here is u/Ravada post: [https://www.reddit.com/r/Superstonk/comments/otxj0x/after\_my\_terminal\_post\_yesterday\_i\_checked\_again/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/otxj0x/after_my_terminal_post_yesterday_i_checked_again/?utm_source=share&utm_medium=web2x&context=3) + +Here are the put options sorted by # of contract held in Bloomberg as of this morning (7/31/21): + +https://preview.redd.it/hn7tccgwtke71.jpg?width=1904&format=pjpg&auto=webp&s=fbb06201fd71232d91450ee07acc7c65e146084e + +Here is u/Ravada screenshot from 2 days ago: + +https://preview.redd.it/j45mcvxluke71.png?width=1918&format=png&auto=webp&s=365373e89ff53595b4236e70088c3089b0f1a3a5 + +Here is my screenshot from two days ago with Credit Suisse expanded to show that contracts held in the "multiple portfolios" were all indeed all puts: + +https://preview.redd.it/635bj8cxvke71.jpg?width=1893&format=pjpg&auto=webp&s=71a4974eb21703ceadfeb8e0a42381e291f66064 + +Note that my screenshots have dates at the bottom right of the pics. + +Edit 1: Note that Bloomberg does not have the Credit Suisse (BRA) put options in u/Ravada post on July 27. [https://www.reddit.com/r/Superstonk/comments/otj6da/28072021\_gme\_bloomberg\_terminal\_information/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/otj6da/28072021_gme_bloomberg_terminal_information/?utm_source=share&utm_medium=web2x&context=3) + +https://preview.redd.it/esqpi9cazke71.png?width=1915&format=png&auto=webp&s=8b1b124a801d8951085fcdaae8ccecbc2540be62 + +Edit 2: If anyone wants to peruse put positions for the month of July, here you go: [https://www.reddit.com/r/Superstonk/comments/ovf7ab/historical\_put\_positions\_in\_july\_bloomberg/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ovf7ab/historical_put_positions_in_july_bloomberg/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Edit 3: Just got the following chat message. Of course, take it with a grain of salt. + +https://preview.redd.it/odeqbggtcne71.jpg?width=823&format=pjpg&auto=webp&s=1506f795355024628a982b2f0d14b17dd1c7dd31 +So around two and a half months ago, I abruptly lost my job. I am, admittedly, in a field where it is not too difficult to find a job so I didn't panic but it was stressful for me and my wife. But, thanks to the advice on here and the work we have done to manage our finances, it wasn't as traumatic as it could have been. + +First, we had been budgeting and saving and living frugally for the past few years. Because of this, we were able to live off of my wife's income and the unemployment I was receiving without too much of a lifestyle change. + +Second, while I started a new job this week, I will not get paid until the 15th. Although we only had about $2500 in savings in our emergency fund, during this first week of my job, we incurred a few large veterinary bills totaling close to $1000, which was frustrating, but we paid them while staying debt free and didn't have to worry about being able to pay bills. + +Just a good success story from even having a small emergency fund and a solid budget. Thanks /r/personalfinance ! +😈🥵💯🚀Sh\*talik F\*ckerin, a f\*ckface who is already a multi millionaire, rugged his own community for 1 BILLION US Dollars in order to "donate the money to India." Idiot.🚀💯🥵😈 + +&#x200B; + +In short, he forced each and every one of the holders in his community to donate to a cause they might not even support. He suspended the free will of his community. He stole peoples savings in order to be a virtue signaling f\*ckface. This can not be left unnoticed. Never forgive, never forget. The guy is an empathetic sadist #1. + +&#x200B; + +With the Shitalik Token we want to raise enough money to start a mega advertising campaign and show the world that you can NOT dump on your community, extract 1 BILLION USD of someone elses wealth and excuse it with the fact that you did it for "charity." + +&#x200B; + +We want to: Buy billboards, newspaper and online ads and if this thing pops off really well, even radio time. + +P.S. Elon Musk is a f\*cking shithead too. + +&#x200B; + +TOKENOMICS + +♦️ - 15% FEES PER TRANSACTION + +♦️ - 5% distributed to all holders. + +♦️ - 5% auto add to the liquidity pool. + +♦️ - 3% marketing and development. + +♦️ - 2% burned. + +♦️ - 100% of LP is Locked + +♦️ - Contract is Renounced + +&#x200B; + +Proof in TG: u/ShitalikBSC + +&#x200B; + +1,000,000,000,000,000 total supply (1 Quadrillion) + +Developers pre-own 3% of supply. + +&#x200B; + +🧾 CONTRACT: + +[https://bscscan.com/address/0x4e23bad44de68085a8250ae8f9b247293cee124e#code](https://bscscan.com/address/0x4e23bad44de68085a8250ae8f9b247293cee124e#code) + +&#x200B; + +🧾 RUG SCREEN CERT + +[https://www.rugscreen.com/scan/certificate?tokenid=79dea73a66](https://www.rugscreen.com/scan/certificate?tokenid=79dea73a66) + +[https://www.rugscreen.com](https://www.rugscreen.com) + +&#x200B; + +🧾 LP LOCK + +[https://dxsale.app/app/pages/dxlockview?id=0&add=0x11d9fBDF23184B1a22368E8ffAa3262D68691544&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0x11d9fBDF23184B1a22368E8ffAa3262D68691544&type=lplock&chain=BSC) + +&#x200B; + +🧾 OWNERSHIP RENOUNCE + +[https://bscscan.com/tx/0x41959bf6dded8df5ca955309e029972d7ad6500ace95626327c763a54082ff33](https://bscscan.com/tx/0x41959bf6dded8df5ca955309e029972d7ad6500ace95626327c763a54082ff33) +I’m coming here in brutal honesty towards myself with shame and embarrassment towards myself. I’m 24, I have 2 beautiful kids and I work currently as a furniture removalist. I have huge ambition, I’ve always wanted a job in sales and to have a job where I’m not limited to a certain pay an hour, and more so a job I can work extremely hard and build customer relationships and to just have the hard work I put in pay off. + +Now here’s where I need advice. I’ve stupidly (and I can not stress that enough) spent the past years of my life getting into debt. I currently owe friends a lot of money (which I have amazing friends and there is nothing more I want to do then to pay them back to show my appreciation) whom I still talk to and are still great friends, I have debts from loans I’ve got (only small) that I’ve never paid back, I’ve gotten a laptop that again I never paid back the company and a phone bill which yet again I never paid back. + +I absolutely hate myself for this. I never knew how important things such as a credit rating were when I did all these things. And there’s nothing more I want in this world to get a pay check (which is only small as I find it hard to get much work where I am now) and the pay check basically be mine except for bill. I’m forever paying people back and just stuck in a rut. + +I know all this is my fault and I very well know how stupid I’ve been but I’m not in denial. I’m ready to change and fix my life. + +My question is, someone in my position I know it’s a very long shot, but is there any sort of loan I can go for so I could be paying back one provider rather then having to have so many at once. Because I feel I’m failing as a father and my children are my world am I’m going to do whatever I can do to get on top. + +I’ve even stood on the side of the road with a sign looking for work which is how I obtained my current job. + +I’m sorry this post is so long, and I’m sorry if it’s not necessarily the right post for this sub. But I read this a lot and so many of you people are inspirations to me and I just don’t have family I can go to for advice like this. Again, I know this is embarrassing on my behalf and I’m prepared to get roasted. + +Any help would be appreciated. Thankyou + +Edit: This morning I’ve booked into tafe to do a real estate course, I have a financial counseling session booked and am heading out to hand out resumes now. + +just wanted to say Thankyou so bloody much to each and everyone that has given me advice every single comment here means the world to me. + +I just wanted to add that I always talk and communicate with my friends and they’re great about it and they know I’ll get them back I’d never lose my friends we are all so close and it’s great. It’s more so just a respect thing by me wanting to get them and people have said on here good ways to approach! And as for my kids I never let money affect them because money doesn’t buy happiness ! But my love for them does and we are always doing fun activities and what not. ! Thank you guys +Hi everyone. I really qualify as "poverty finance" level myself so I'm not trying to come in here and preach. It's just that I noticed a lot of common 'mistakes' or things people in our situation could be doing to avoid problems and fees at the bank. + +1. Read your account disclosure. You know that booklet of tiny text that you got when you opened your account? I know some people view it as 'just another legal thing that is hard to understand' but they are usually written pretty simply if you actually read it. **You can skip to the part that talks about your specific account type.** You don't need to read the whole thing, but do read it in order to know how your account works. + +2. Do not sign up for automatic payments. I've seen this go wrong far more often than it has actually helped anyone. They are nearly always impossible to cancel at the last moment if you are close to overdrawing your account. If you do use them, make **DAMN** sure you put them on a calendar with alerts and stay aware of what is coming up for the next pay cycle. + +3. Do not habitually overdraft. Almost anything is better than overdrawing your account. Even credit card interest is FAR less than an overdraft fee. If you do the math, that $25 or whatever per charge is worse than a payday loan in almost all cases. I've seen people who had over 300 overdrafts in the last year. At $25 each, that is giving the bank thousands of dollars of free money. There's always a better way than doing that, but it's not like the bank is going to call you up and volunteer that information. You have to ask for help if you *are* in that situation. + +4. Understand the posting order of your account. Charges don't always come out in the order in which they occurred in real time. Please talk to a bank associate if you don't understand this by reading your account disclosure and they would be happy to explain it, as it works differently at every bank. But at the bank I worked for, ACH (direct debits) would come out before debit card transactions. So let's say you had $600 in the bank. A $599 direct deposit came out for your rent. Then you did 6 debit card transactions for $2-5 each. You would actually get charged 6 overdraft fees even though you barely went over. There are a lot of situations where our posting order *helped* customers, but also situations where it royally screwed them over. + +5. **Free checking accounts still exist.** You are getting ripped off if you're being charged every month just to have your checking account open. Period. Look into local banks and **ask** for the free option. They're not always advertised. And if they don't have one, go somewhere else. + +6. Understand how "opting out" of overdraft fees works. Federal law requires banks to allow you to opt out of getting fees for most debit card purchases. However, you can still get fees for ACH (direct debits that I warned against earlier), checks, and **subscription services**. Yes, that $7 netflix subscription can cause a $25 overdraft fee even if you opt out. + +7. If you do get an overdraft fee for something stupid, feel free to call and explain the situation. However, know that customer service reps are required to *justify* each refund if asked by a supervisor. If they just give you the refund despite the fact that you've overdrawn your account 10 times in the last year, they could *lose their jobs*. So cut them some slack. + +8. Do not rely only on online banking. It sounds oldschool, but keeping a checkbook register is the most reliable way to avoid overdraft fees. Online banking has no way of knowing if you have a check outstanding, for instance. It also has no way of knowing that you added a tip to a restaurant bill until the restaurant processes it. I've seen many people become overdrawn because of this. + +I hope some of these tips help. It killed me to see people lose so much money on fees. +Edit: KezTheGuru, AstroFX, DirectForexSignals, FalconFX, Kureva Global, Efex FX(Starling FX), OANDA Assets, PLTSignals, ProfitX, IncomeClass, IMarketLive/ Academy, ITG.Trader24x7, JetTrades, + + +Ask these for a ‘double verified MFB’ = Expect to be Blocked. +One of my parents is 68, lives in Virginia and will receive $100k in inheritance. They don’t receive much from social security monthly, live month to month with no debt, rent and are Medicare abcd and Medicaid. Looking at meeting with financial advisor to avoid any mistakes. Ultimately the inheritance would be there as a financial cushion for any medical costs as they age and to possibly invest until later needed. Researching and it looks like they’ll pay $2k- $5k for a one time financial plan. Any recommendations on next steps or things to avoid doing? Edited to add details. +https://www.france24.com/en/20191018-us-imposes-record-7-5-billion-tariffs-on-eu-goods-targeting-wine-and-airbus-1 + +>Speaking in Washington hours before the tariffs were due to come into effect, France's Economy Minister Bruno Le Maire warned the move would have serious repercussions. + +>"Europe is ready to retaliate, in the framework of course of the WTO," he told reporters shortly after meeting with US Treasury Secretary Steven Mnuchin on the sidelines of the International Monetary Fund annual meetings. +I (34, F) was recently given $350k from my parents to go towards a house deposit. My partner (38,M) has $20k in the bank. My dad suggested I buy a house and put it in my name, so that if my partner and I split, I’d keep the house. My partner suggested I buy a house, and he’d pay me rent. I wanted a prenuptial agreement, so that we could buy the house, and then be partners in paying it off and raising a family together. My parents were very traditional in sharing all property and finances, so that is what I deem to be normal, but I’m wondering how modern couples manage such situations. + +TLDR: should I buy a house in my name, or get a prenup? +Here is the start of the Real Estate Investing Book List... it will continue to be updated and will eventually become a wiki entry. + +Thank you [u/HandyBananaMan](https://www.reddit.com/user/HandyBananaMan/) for contributing many books to this list. + +&#x200B; + +|**Title**|**ISBN**|**Author**| +|:-|:-|:-| +|2 Years to a Million in Real Estate|9780071471879|Matthew Martinez| +|7 Secrets to Successful Apartment Leasing: Find Quality Renters, Fill Vacancies, and Maximize Your Rental Income|9780071462587|Eric Crumley| +|A Million Bucks by 30: How to Overcome a Crap Job, Stingy Parents, and a Useless Degree to Become a Millionaire Before (or After) Turning Thirty|9780345499721|Alan Corey| +|Am I Being Too Subtle? Straight Talk From a Business Rebel|9780698408883|Sam Zell| +|[Asset Protection for Real Estate Investors](http://a.co/b9qTJ6H)|9780979786044|Clint Coons| +|[Building Wealth One House at a Time, Updated and Expanded, Second Edition](http://a.co/6Q8KEvY)|9781259643880|John Schaub| +|Burn Zones: Playing Life’s Bad Hands|9781662269288|Jorge P. Newberry| +|Buy It, Rent It, Profit! Make Money as a Landlord in ANY Real Estate Market|9781515913580|Bryan M. Chavis| +|Buy Right, Sell High|9780585181707|Robert Irwin| +|Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Renal Property Investment Strategy Made Simple|9781947200081|David Greene| +|Commercial Mortgages 101: Everything You Need to Know to Create a Winning Loan Request|9780814415078|Michael Reinhard| +|Commercial Real Estate Investing: A Creative Guide to Successfully Making Money|9780470227381|Dolf de Roos| +|[Conscious Living: Finding Joy in the Real World](http://a.co/01Vcuga)|9780062514875|Gay Hendricks PhD| +|[Crushing It in Apartments and Commercial Real Estate: How a Small Investor Can Make It Big](http://a.co/f19rErs)|9780998381602|Brian H. Murray| +|[Every Landlord's Legal Guide](http://a.co/2Hl9nLX)||Marcia Stewart et al.| +|[How I Turned $1,000 into a Million in Real Estate in My Spare Time](http://a.co/1gHkBH9)|9781607966746|William Nickerson| +|How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started|9780997584707|Brandon Turner| +|[How to Win Friends & Influence People](http://a.co/30TibeL)|9781439169780|Dale Carnegie| +|[Invest in Debt](http://a.co/h0edAVI)||Jimmy Napier| +|Investing in Apartment Buildings: Create a Reliable Stream of Income and Build Long-Term Wealth|9780071498869|Matthew Martinez| +|Investing in Real Estate|9781118172971|Gary Eldred| +|[Investing in Real Estate Private Equity: An Insider’s Guide to Real Estate Partnerships, Funds, Joint Ventures & Crowdfunding](http://a.co/8HFw9Hv)|9781980587026|Sean Cook| +|[Investment Real Estate: Finance and Asset Management](http://a.co/6W5T650)||Fred W. Prassas| +|It’s a Whole New Business! The How-to Book of Syndicated Investment Real Estate|9781511928809|Gene Trowbridge| +|[Landlording on AutoPilot: A Simple, No-Brainer System for Higher Profits, Less Work and More Fun (Do It All from Your Smartphone or Tablet!), 2nd Edition](http://a.co/di4rlJw)|9780471789789|Mike Butler| +|Long-Distance Real Estate Investing: How to Buy, Rehab, and Mange Out-of-State Rental Properties|9780997584752|David Greene| +|[Man's Search for Meaning](http://a.co/0SGPm9b)||Viktor E. Frankl et al.| +|Multi-Family Millions: How Anyone Can Reposition Apartment for Big Profits|9780470267608|David Lindahl| +|Never Split the Difference: Negotiating as if Your Life Depended on it|9781504735049|Chris Voss| +|[Note Investing Made Easier: How To Buy And Profit From Distressed Mortgages](http://a.co/a0kqSf4)|9781546664314|Martin Saenz| +|[Pitch Anything: An Innovative Method for Presenting, Persuading, and Winning the Deal](http://a.co/jh4XllM)|9780071752855|Oren Klaff| +|Raising Private Capital: Build Your Real Estate Empire Using Other People’s Money|9781947200982|Matt Faircloth| +|Real Estate Finance & Investments|9780071238212|William Brueggeman| +|[Real Estate Riches: How to Become Rich Using Your Banker's Money](http://a.co/3Pr9MZQ)||Dolf de Roos et al.| +|Real Estate: Analysis and Strategy|9780060418939|Gary Eldred| +|[Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!](http://a.co/eErHL17)|9781469202167|Robert T. Kiyosaki| +|Set for Life: Dominate Life, Money and the American Dream|9780997584714|Scott Trench| +|[Tax-Free Wealth: How to Build Massive Wealth by Permanently Lowering Your Taxes (Rich Dad Advisors)](http://a.co/5Cpxpgi)|9781549181276|Tom Wheelwright| +|[The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich](http://a.co/a1JiPgn)||Timothy Ferriss| +|The 9 Month Investment: A Passive Investor’s Guide to Achieving 10 Years Worth of Wealth Accumulation in Only 9 Months|9780982379363|Darin Garman| +|The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss|9781619697232|Ken McElroy| +|[The Big Leap: Conquer Your Hidden Fear and Take Life to the Next Level](http://a.co/gOCUFoF)|9780061735363|Gay Hendricks PhD| +|[The Book on Estimating Rehab Costs: The Investor's Guide to Defining Your Renovation Plan, Building Your Budget, and Knowing Exactly How Much It All Costs](http://a.co/ai1CwO6)|9780988973718|J Scott et al.| +|[The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential Properties](http://a.co/c4w2fsL)|9780988973701|J Scott et al.| +|[The Book on Investing In Real Estate with No (and Low) Money Down: Real Life Strategies for Investing in Real Estate Using Other People's Money](http://a.co/cw7eTMl)|9780990711711|Brandon Turner et al.| +|The Book on Managing Rental Properties: A Proven System for Finding, Screening, and Managing Tenants with Fewer Headaches and Maximum Profits|9780990711728|Brandon Turner| +|The Book on Negotiating Real Estate: Expert Strategies for Getting the Best Deals When Buying & Selling Investment Property|9781947200067|J. Scott| +|[The Book on Rental Property Investing: How to Create Wealth and Passive Income Through Intelligent Buy & Hold Real Estate Investing!](http://a.co/3op2QBO)|9780990711797|Brandon Turner| +|The Buy and Hold Real Estate Strategy: How to Secure Profits in Any Real Estate Market|9780471009627|Michael T. Schumacher| +|The Complete Guide to Buying and Selling Apartment Buildings|9780470323915|Steve Berges| +|The Definitive Guide to Apartment Marketing: How to Generate More Leads, Close More Leases & Improve Resident Experience|9781537268484|Josh Grillo| +|[The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It](http://a.co/eCkIJsD)|9780887307287|Michael E. Gerber| +|[The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers](http://a.co/gGSWx67)|9780062273208|Ben Horowitz| +|[The Millionaire Mind](http://a.co/dwpZwgG)|9780740756627|Thomas J. Stanley| +|[The Millionaire Next Door](http://a.co/5HFV13Y)|9780671015206|Thomas J. Stanley Ph.D.| +|[The Millionaire Real Estate Investor](http://a.co/35RQgpp)|9780071446372|Gary Keller et al.| +|[The Miracle Morning: The Not-So-Obvious Secret Guaranteed to Transform Your Life (Before 8AM)](http://a.co/2wD1VDu)|9780979019715|Hal Elrod et al.| +|[The One Minute Millionaire: The Enlightened Way to Wealth](http://a.co/ecQq9oU)|9780609609491|Mark Victor Hansen et al.| +|[The Richest Man in Babylon](http://a.co/5uVOhKZ)|9780451205360|George S. Clason| +|[The Unofficial Guide to Real Estate Investing](http://a.co/0QGL2Q7)|9780028636658|Spencer Strauss et al.| +|The Wall Street Journal - Complete Real-Estate Investing Guidebook|9780307345622|David Crook| +|[The Wealth of Nations](http://a.co/6T8jqY9)||Adam Smith| +|[Think and Grow Rich](http://a.co/fWaKLf6)|9780449235041|Napoleon Hill| +|[Wealth Can't Wait: Avoid the 7 Wealth Traps, Implement the 7 Business Pillars, and Complete a Life Audit Today!](http://a.co/243PPnG)|9781626344198|David Osborn et al.| +|[What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures, Updated Edition](http://a.co/hCWKZbf)|9780071422574|Frank Gallinelli| +|[Who: The A Method for Hiring](http://a.co/daCcGGK)|9780345504197|Geoff Smart et al.| + +&#x200B; +🚀 IronyManBSC + + +🚀 This token purpose is to succeed as another Elon Musk coin. This has insane potential and can easily hit 1 million market cap and more, stop being late and join in now! + +&#x200B; + +🔥 NEWLY LAUNCHED BSC PROJECT!! + +PRESENTING YOU IRONYMAN + +&#x200B; + +🚀 If you missed out on all Elon Musk related coins, the next one is here and if you are seeing this you are early + +&#x200B; + + + +🚀 $IRONY MAN has came to life after Elon Musk's recent tweet mentioning this + +&#x200B; + +🐳🔓ANTIWHALE MEASURES + +&#x200B; + +🚀 ALREADY LAUNCHED PANCAKE LINK: + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x2c40a80565b595c03cd94217c077c47e3f41937e](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x2c40a80565b595c03cd94217c077c47e3f41937e) + +&#x200B; + +🔒Locked Liquidity Proof + +[https://unicrypt.network/amm/pancakev2/pair/0x510323cd625a52d899d63ba403444a664f33479d](https://unicrypt.network/amm/pancakev2/pair/0x510323cd625a52d899d63ba403444a664f33479d) + +&#x200B; + +FOR MORE QUESTIONS PLEASE JOIN THE TELEGRAM + +[https://t.me/IronyManBSC](https://t.me/IronyManBSC) + +&#x200B; + +Locked Liquidity link in telegram!! + +&#x200B; + +🚀 Contract address: + +0x2c40a80565b595c03cd94217c077c47e3f41937e + +&#x200B; + +DYOR. The community has rapidly growing and this was just released 15 minutes ago we could have something really special on our hands, something that could repeat what some other coins have achieved and maybe even surpass them +Thought this could be cool for people who are heavily into BTC or ETH to see some other promising coins. So if you had to pick ONE coin you own (or wish you owned) to be a sleeping giant waiting to awake, what is it and why? +Hello everyone I’m a 32 year old man and a first generation immigrant from Asia. I’m a dual US/Canadian citizen and my wife is a 30 year old natural born citizen. Recently we just hit the first major milestone of $1 million combined networth. We currently live in a MCOL city in Texas (not Austin) making about $220,000 a year combined. Most of our networth are from 401K/Roth, index funds and equity in our house. + +Here is the quick networth progression over the years. The healthy recovery and increase of the market during the pandemic really skyrocketed our networth since our jobs weren’t affected. + +Please note that numbers before 2018 are rough estimates. + +&#x200B; + +* Year : Me / Wife / Total +* 2013: $0 / $0 / $0 +* 2014: $15K, -$90K, -$75K (wife’s student loans) +* 2015: $35K, -$65K, -$30K +* 2016: $50K, -$40K, $10K +* 2017: $90K, $0K, $90K (loan paid off) +* 2018: $180K, $30K, $210K +* 2019: $224K, $90K, $314K +* 2020: $352K, $187K, $539K +* 2021: $479K, $301K, $780K +* Now: $606K, $396K, $1 Mil + +I have a Bachelors in Mechanical Engineering and my wife has a Masters in Biomedical Engineering. I’m currently working as an engineer in a company that provides different components to the Aerospace/Defense, Oil & Gas, Semiconductor and Medical industry. I’m proud to say that our components were used in the production of the Pfizer COVID vaccine (microchip sold separately). My wife works for a company that produces various surgical equipment. Here are salary numbers over the years: + +&#x200B; + +* Year : Me / Wife +* 2013: $75K\*, $0 (Wife in grad school) +* 2014: $75K\*, $65K +* 2015: $75K, $65K (Job switch for me) +* 2016: $75K, $75K (Job switch for wife) +* 2017: $78K, $82K +* 2018: $80K, $89K +* 2019: $100K, $96K (Job switch for me) +* 2020: $104K, $103K +* 2021: $110K, $110k + +\*My first job out of college got paid $57K with free company furnished housing for 2 years (My W2 was $75K). After 2 years of the program my salary would drop down to $62K so I found a job in Texas. While I got to keep my salary, it didn’t increase much due to the performance of the company (all the money went to the CEO/shareholders I’m sure). + +Our total networth breakdown are the following: + +* 401K/Roth/HSA: $472K +* Brokerage/Index Fund: $391K +* Cash: $37K +* House equity: $100K +* Crypto/Meme stocks: $4K + +Our Index Funds are mainly SP500 equivalent like VTSAX. We have approximately 75/20 split between US and International Market funds with the rest in bonds. + +Like a lot of couples and families in this sub, having a partner that wants to save and FIRE is a huge help to achieve our goals. Since we are pretty frugal we didn’t really track our year to year spendings, I estimate we range from $45K to $55K per year. Besides a big vacation each year we don’t spend a ton of money on luxuries. We use what we have until it breaks before we get something new. This way we are not cycling through cars, electronics and toys constantly like most consumers. We try to limit eating out to one to two times a week, partly due to cost and partly due to the health benefits of cooking our own meal. We are not gamblers or financial gurus so we stuck to the tried and true index funds. We live by the rule that there’s no such thing as “getting rich quick” and stick to what we know the most, our jobs. + +Our future plan is to have a kid in 2-3 years and FIRE in 3-5 years with a total networth of $1.8 million+. We are trying to stick to a more conservative withdrawal rate of 3.5% and flexible spending of $60-75K depending on market conditions. If we decide that we might need a bit more to raise our child then we’ll "do one more year" and bump our NW past $2 mil. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +So I've been trying to diversify my portfolio, with different types of investment strategies. Smallcase is mostly filled with Growth and momentum based strategies and some dividend based strategies. Which makes me want to ask, does anyone know of a smallcase which follows, Value investing strategy? +**Short recap:** + +Today (10th June 2022) GME filed an S-8. This details the incentive plan, which was approved during the shareholder meeting. The S-8 details that from the 1 billion shares that GME has available (not outstanding!) 8 million will be taken for employee compensation. + +This is extremely bullish and I'll tell you why. The first reason being obviously that if employees are compensated in stock, they are incentivized to improve the value of the company and therefore the stock price. Also, the board would be best advised to ensure no one is manipulating this stock price in any unfair way. + +However, there is a second reason, which I think is even more bullish: + +&#x200B; + +**Time for some Napkin Math:** + +8 million shares x $100 stock price = $800 million compensation + +8 million shares x $125 stock price = $1,000 million compensation + +8 million shares x $150 stock price = $1,200 million compensation + +This is a theoretical calculation on what GME might give it's employees through the incentive plan, considering current price range of GME. Even over the course of 2-4 years, giving out $1 billion in compensation through stocks, would be a lot, in addition to normal cash salaries and bonuses. + +&#x200B; + +**Time for some history:** + +Matt Furlong received stock rewards worth roughly $15 million dollars in the form of 60,000 at a price back than of about $250 (June 2021). He is the CEO. + +Ryan Cohen owns 9,101,000 stocks + +Larry (Lawrence) Cheng owns 8,022 stocks + +The new COO Patel Nir Vinay will (or has) received an yet undisclosed amount of shares + +&#x200B; + +**What mean?** + +This is a lot of money and stock. Comparing it to what insiders already own and as a current notional value. It is simply really really a lot. + +Incentives from an S-8 are not disbursed immediately. GME had it's last S-8 filed in 2019 and comparing to Microsoft and Apple, they also file an updated incentive plan every 2-4 years. Meaning this is roughly the timeframe over which these stocks will be handed out. + +So, again, this is a lot. Handing out hundreds of millions of dollars in stock each year is something an established high growth tech company would do. But not a value stock currently in a huge transform and only at the beginning of being a high growth tech company. + +For this plan to make sense, the price per share decrease. And how would GME do that without devaluing the company? You guessed it: SPLIT! + +&#x200B; + +**TL;DR**: Incentive plan with a lot of shares and money is in effect as of today. However, this is way too much in comparison to what insiders already have or were awarded. Only conclusion can be, that we will soon have a split. Because only then the number of shares would make sense. Which in return would mean, that this S-8 was drawn up with the upcoming split in mind! + +No dates, but I'm guessing split announcement before the end of the month! + +&#x200B; + +**Edit to clarify some comments/questions:** + +* The 8 million shares are NOT taken from the current flow. Imagine GME having a storage with a total of 1 billion shares, where these 8 million would be taken from. +* The 8 million shares are NOT awarded immediately. Usually an S-8 lasts for 2-4 years, meaning this would be the timeframe they are awarded over. They also don't need to be awarded fully. +* As of now we don't know who, when or how these stocks would be awarded. +* The 8 million shares are NOT affected by a split as long as they are with GameStop. Only awarded shares to employees would be split, if the split goes into effect. If the split were to be end of month and none of the 8 million shares would've been awarded, it would still be 8 million shares. +* The 8 million shares have no value as of now. Look in the S-8. There they are described with $0.001. GameStop also does not have to "pay" for them. They are essentially "free", but of course will affect existing insiders like Ryan, Larry and Matt, because more shares with the same market cap means a lower price per share. +* To put the 8 million again into perspective: This is more than 10% of the current float. No way a company just hands out this amount of shares, even over 3-4 years. Matt Furlong was awarded roughly 60.000 shares when he become the freaking CEO. +* Employees will not be "showered" with those shares. I can imagine people outside of the board being incentivized to receive them, but even growth companies from the tech world don't do it like that and for them shares are a major part of compensation. +* Most likely some of the shares will be used now (let's say within 2022) and the majority after split. From a company pov there is no difference if you give 1 or 7 shares. As an employee the notional value is more interesting, depending on the stock price. If you want to incentivize an employee with $100, you could either give them 1 share right now, or 10, after a 10:1 split. +Why did you invest in ethereum? To make money? Duh. I did too. But why? No really, WHY? Did you do it to make a quick profit and scalp a little gains and buy yourself a nice meal just to return to your normal lifestyle without giving it a second's thought? Or did you buy it because you believed in it. + + +With times like these, a lot of us get caught up in the hysteria and euphoric feelings of seeing our investments gain 25% in a single day, or 200% in a month, sometimes more. But be stoic. Bring your mind back to it's original state, and see with logic, and think to yourself, why did you really invest in this? Now, after figuring that out, what is your choice? Do you want to hold it for a year? How big do you think it's going to become? Is this the beginning of a huge downfall? Or is this the opportunity to be involved in a revolution, a technological revolution that could very well be injected into the backbone of our everyday society? Could this be the underlying platform on which our financial systems, healthcare systems, and more are built on? Could this be the woven material that makes up the global economy as a whole and keeps it tightly packed together? + + + +Some people might see this post as just another bullish guy who thinks he knows something because he is making money. And you're right, I am bullish, I am making money, and I do know something. I know this. When I first found out about ethereum it was 10 dollars, the DAO had already happened, I had just got in a wreck and awarded a settlement that couldn't even pay for a bachelors degree. I knew about bitcoin. But I stumbled upon ethereum, and the more I researched, the more I realized this could truly change the entire world as we know it. I had just talked to a financial advisor and she said I should just put my money in index funds and let it gain 4-10% interest per year. I told her thanks but i'm investing in ethereum, and I did. She didn't know what it was. Hardly anybody still knows what it is, but we do. And because we are the first, we should be happy. You should be happy whether you knew about it yesterday, a year ago, or 10 minutes ago. You know about something 99% of the entire population doesn't. + + + +This is the opportunity of a lifetime that the generation before us may not have had. So before you get caught up in your emotions of the price and all these announcements, think back to what you knew before the price was $150 and ask yourself this "Am I in this because I want a quick buck, or am I in this to be apart in the revolution of the world?" When the price was 10 dollars, I was engulfed in this no less than I am now. I read this subreddit 10+ times a day for news and sentiment and visit other places as well. I watch crypto like a fucking hawk eyeing a baby squirrel. Not just because I think it's going to change my life, but because it's going to change everyone's around it too. +It seems that DRSing has hit a brick wall around 90k Computershare accounts. + +Coincidentally, the number of Computershare accounts aligns very closely with the number of members of the more recent sub: the jungle. The mods of the jungle stopped accepting new members because they detected a sharp rise of suspicious activity from new accounts around 90k members. + +I believe that most people that subbed the jungle came from here. If we subtract those 93k jungle members to the 697k members of this sub we get 600k accounts. + +So we have 93k jungle members who are most likely in Superstonk as well and around 90k CS accounts. Are the other 600k accounts bots and shills? + +If not, why is DRSing stalling when Computershare account numbers are 97% of the number of jungle members? +So the fed wants to put more emphasis on full employment and less emphasis on keeping inflation low. + +Are the values of our properties about to go up? + +Thoughts? Also, my local market is super weird right now. Tight inventories and higher than normal prices. + +Edit: Sources for claim re new inflation stance: + +[https://www.forbes.com/sites/rogerhuang/2020/08/28/the-federal-reserve-wants-to-create-more-inflation/#50891e063244](https://www.forbes.com/sites/rogerhuang/2020/08/28/the-federal-reserve-wants-to-create-more-inflation/#50891e063244) + +[https://www.washingtonpost.com/business/2020/08/27/powell-jackson-hole-inflation/](https://www.washingtonpost.com/business/2020/08/27/powell-jackson-hole-inflation/) + +[https://www.marketwatch.com/story/here-are-the-major-changes-to-feds-strategy-to-foster-jobs-and-stable-inflation-11598541283?link=MW\_latest\_news](https://www.marketwatch.com/story/here-are-the-major-changes-to-feds-strategy-to-foster-jobs-and-stable-inflation-11598541283?link=MW_latest_news) +>Amazon employees in 20 countries are preparing to strike on Black Friday as part of the "Make Amazon Pay" campaign.  +> +>The campaign includes a coalition of 70 organizations, including Greenpeace, Oxfam, and Amazon Workers International. +> +>The protests come amid mounting dissent from Amazon employees over working condition and union busting.  + +This seems like a one more strike that is going to have no effect on working conditions, stock or anything really. Share what you think. +Have you gone back to study to get a degree in your mid-30s to 40s? + +What did you study? What work did you do during your studies? Did you find a new job relevant to your degree with ease after? + +Looking for some inspiration! + +Cheers +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* 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! + +OK so what the fuck is the point of these countless numbers about esoteric mechanics of the market when the big dogs can just bypass literally any negative consequence of pushing it too far? If $GME's utilization is at 100%...that's like enormous news right? Am I crazy for saying that? Unless I'm actually retarded, that means 100% of ALL AVAILABLE SHORTS are currently not available to lend out...and yet nobody is talking about it except here. + +I just don't understand how people on the economy, stocks, and general market trading subs are just completely fine with the repeated glitches and indicators that something with this ticker is massively fucked up. You'd think even with the amount of paid off shills and compromised individuals running subs there'd be more people scratching their chins and wondering why this GameStop thing keeps popping up in the news. + +I'll grant you, I'm not a financial expert and I shove Crayolas up my ass before eating them, but I just don't understand how people in this industry who are versed in complicated as fuck things like swaps and options and FTD's are just completely ignorant or dismissive of what is happening behind the scenes, and that's not even regarding GameStop's bullish as fuck fundamentals, or the fact that retail is actively taking shares out of the market and directly registering them, which is in and of itself an *extremely bullish indicator*; it's like everyone that's a professional in the market is living on another planet that still thinks it's the year 2015 and GameStop is on its death bed. + +To be honest this saga of events has just completely ruined any positive hope that I'd be able to retire in my old age, let alone be financially stable *in the here and now*, because of just how ***crooked*** the entirety of our lives appears to be: + +Want to retire? Sorry pal pensions are a thing of the past and Social Security is gonna be 6-feet in the ground by the time you're applicable; oh and we're raising the age limit too so you'll be working till you're 90 years old and shitting yourself into a colostomy bag while working at Amazon warehouse #501295. + +Want to try your luck and play the stock market? Sorry pal we're gonna take away the buy button if you manage to catch us slipping, trading is a hard game don't you know? Stick to a 401k kid, even though everything inside that 401k we're actively shorting and profiting immensely off of. + +Want to go to school because you need a high five-figure job just to live in a shitty one-room apartment? Sorry pal but we bought your student loan and shoved it into a basket with a ton of other stupid kids' loans and are selling it as a prime investment for already enormously wealthy entities. + +Want to buy a fucking car so you can literally do anything in America? Sorry pal but we bought your auto loan too...and we shoved it into a fucking basket with a bunch of other people's auto loans and are selling it as a prime investment for already enormously wealthy entities. + +edit* thank you to u/Caeser2021, u/Region-Formal, and u/chasing4tendies for telling me what Stock Utilization actually means lmao +DYOR btw + + +Animal coins, shitcoins, memecoins, safe coins... We're all tired of em. + +Hell, I was in safemoon and safestar early (sold too early and lost like 15 grand in potential profit lmao) and people were getting tired of these sorts of coins even back then. The difference with FOX is that the community isn't cheeks and we have a goal. + +Have you heard those two lines before? Probably. So, here's some evidence: + +* active admins in discord and tg +* daily competitions +* friendly community -- I've seen less FUD in the past week than I did in one day of the safemoon or safestar tgs/discords. +* Fox conservation: We like foxes, so we're planning on donating to charity. Hell, Steve straight up adopted a fox virtually through WWF. Proof: [https://i.imgur.com/klcvDCs.jpg](https://i.imgur.com/klcvDCs.jpg)[https://i.imgur.com/mOvkBWF.jpg](https://i.imgur.com/mOvkBWF.jpg) +* dedicated NFT artist: they have an nft artist in the admin team, and nfts are in the roadmap. +* dev got rugged on other shitcoins, set up FOX as a friendly coin and community project. +* Devs had a competition where if you planted a tree you got FOX. There are now more trees planted on Earth. Pog. +* a community member was kind enough to create stickers and art for the team, so the art for the project is community made :) + +Now, it isn't all sunshine and roses, of course-- the dev team hasn't doxxed themselves (planning to in the future though once some legal stuff is worked out) and there are a couple whales. However, if you've been around the block like I have this stuff isn't too abnormal. The undoxxed devs might be a bit of a concern for some, but they are very welcoming to any questions you might have for them (though they're foreign so be aware of timezones) and are working hard to advance the project. We're growing steadily, and some whales just dumped-- saturdays are generally bad days for shitcoins, so now is a great time to buy in! I'm not going to say this is "1000X EASY GAIN MOONSHOT ROCKET EMOJI" because frankly I don't like people like that and I think y'all can agree with me. I CAN, however, say that a 5x is easy here. CG and CMC listings are underway, should be coming probably within the next week. Devs are currently working to add new reasons for the community to look into or give to conservation efforts and nature restoration efforts, and overall, it's just a great time. Great community, great purpose, great opportunity. You also get 6% back on every transaction and 6% goes to liquidity. + +[https://foxfinance.io/](https://foxfinance.io/) website with white paper. + +[https://bscscan.com/token/0xfad8e46123d7b4e77496491769c167ff894d2acb](https://bscscan.com/token/0xfad8e46123d7b4e77496491769c167ff894d2acb) bscscan + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb) pancakeswap. Set slippage to 12-15%. + +[https://discord.gg/9XZNnTnhqp](https://discord.gg/9XZNnTnhqp) discord. + +[https://t.me/foxfinancebsc](https://t.me/foxfinancebsc) telegram. + +[https://goswapp-bsc.web.app/0xfad8e46123d7b4e77496491769c167ff894d2acb](https://goswapp-bsc.web.app/0xfad8e46123d7b4e77496491769c167ff894d2acb) goswapp chart + +[https://poocoin.app/tokens/0xfad8e46123d7b4e77496491769c167ff894d2acb](https://poocoin.app/tokens/0xfad8e46123d7b4e77496491769c167ff894d2acb) poocoin chart. it defaults to 1m, I would look at 15 min. + +Come join us in our quest to help out foxes worldwide! + +Edit: I completely forgot! We have some marketing out already, and more coming very soon! + +edit 2: just to disclose my holding here: I have about 505 billion fox. Not a whale by any means, though I am broke so it's in my best interest to shill kek + +edit 3: just gonna make this edit any things that come to my attention: + +* blockfolio price tracker just got fixed for $FOX, also we're verified on blockfolio btw +* apparently there was enough traffic to slow/almost crash the website, I love you all <3 +* also applied to openocean coinspot and livecoinwatch. +* I've heard word there is a metal straw challenge coming up once the website is back to 100% due to the massive traffic bogging it down. more eco friendly engagement >;3 +I'm not a large whale, just a small guy who got lucky. I jumped into GME in October after reading all the DD I could (thank you DFV, Rod on twitter and many others!). I got serious with my positions in November 2020 and have now developed a condition known only as 'diamond-hands.' + +I've crossed out the shares / position-identifying attributes. + +Just know that in THIS account alone, I've got $1M+ riding on GME. + +PS. I have almost the same amount invested via retirement / 401k so holding for a decade doesn't scare me. Kenny boy, does it scare you? + +&#x200B; + +&#x200B; + +https://preview.redd.it/o6kl1d8818z61.png?width=630&format=png&auto=webp&s=f7098168080b7e7b57722b58d0e2ecadfc799a14 +The DRS numbers coming out next week have the potential to be catastrophic to ALL shorts in GME. + +https://imgur.com/FqNLmjv + +Looking at this, we can determine the public float is around 35m then we take out 5m from Gamestop's released DRS numbers last earnings leaving up with a grand total of 30m ish free float. + +If you're a small hedge fund and you're short GME say, 5-10m a reasonable number for those who regularly short GME, you will absolutely have to pay attention to this week's upcoming DRS number. If GME comes out and posts the DRS number =+15m we're effectively cutting the public float of GME by **HALF**. If you're short GME you have to be biting your nails at this point. If the float is confirmed to be cut nearly in half this week it could lead to a bank run of shorts essentially. How? + +You're a small hedge fund and you're short GME a reasonable number. The DRS number comes out and says the float is 50% smaller than you thought. What're your first thoughts? "I have to close my position before the float is less than my short position." What does this cause? It causes a run up in GME from smaller shorts closing their position. Remember, most of these positions take days to close. + +It's exactly as we predicted on this sub. As the DRS number from GME gets higher and higher, the window for shorts (every day short sellers, not naked shorts) gets smaller and smaller. The first one out will be the one that takes a huge loss but ultimately comes out alive. The ones that close after? They're likely to be gone; *vaporized* by the blast. + +Everyone on this sub has been talking about the PSY OPs SHFs and the MSM have been using against retail for the past year but I'm not sure everyone realizes that DRS is the exact same PSY OPs against the shorts. + +This game is about to get extremely messy. The weekly indicators on the chart are beginning to turn up after showing a double bottom from Sept-Jan. The DRS hype is higher than ever; the earnings report was pushed forward a week (secret bullish indicator); the marketplace announcement is nigh; + +I haven't been this excited for GME news in a while. +https://seekingalpha.com/news/3569652-disney-will-forgo-1h-dividend-payments-cfo-says + +Stock was up after earnings this afternoon until this was said on the call. +I’m in a very fortunate spot in life right now. I (31M) am in the process of selling my home for $110,000 and every penny of it is mine as I have no mortgage. Reason for selling is I am currently in a mobile home and am paying monthly rental charges for the land, which if worked out over several years equates to a small mortgage. + +I’d rather put that money towards a mortgage payment so I see something out of it later on in life. + +Right now I am either looking at a home for myself in the $130,000-$170,000 range or possibly something more expensive with a rental for extra income. + +I’m not sure what I should do regarding a down payment on the house. Other than monthly bills, I owe nothing on my CC and have about $25,000 left on my car payment. + +Would I be better off putting down around 60,000-70,000 towards the house and paying off my vehicle and keeping a small amount in the bank/my tfsa? Or paying more towards the house and continue to make car payments. + +Also I may have to rent an apartment for a few months while I find the right house. If I did this I will have about 100k leftover from the sale, what is the best way to invest/spread it out and make a bit of money while I rent? +I've always been a bad student. Call it laziness, call it a lack of interest in what I'm studying. Either way, it's taken me a long time to get through college. I just landed a job that pays me just shy of 80k/year and now I'm wondering if it's even worth it to see college through. I currently have 50 credits remaining and with my schools rates that would run me another $24,750. Additionally, it'd probably take me 3 more years because of my work constraints I wouldn't be able to take more than 1-2 classes at a time. I'm 25 years old and was slated to be the first college grad in my family. But I already got the job, how much do I really need the piece of paper? Half my friends from college graduated and couldn't find anything above entry level work. I feel very grateful to be in the spot I am and I'm wondering if it doesn't just make more sense to call it quits. If I decide later I want to go back, I'll always just be 50 credits away + +EDIT: To provide more context, I'm studying marketing and my job is in project management. I work for a commercial real estate company that also does office management for our clients. The client account I'm on is one of the big 5 tech companies. I've already accepted the job and am about a month in. I don't really have any interest in the marketing field. Coming out of high school I wanted to go to film school because making movies has always been my dream job. My family and teachers told me that was impractical though so instead I went to business school. +I am trying to buy a piece of land in an area where land rarely goes up for sale (\~6 hours drive from us). There is one sale every \~1-2 years in the immediate area for equivalent pieces of land. + +The land in question was listed for sale today. Asking price is 2.25M. + +The people who own it purchased it for 950k in 2016 (they overpaid based on comps by about 50-100k). It has a small (non-liveable) home on it in addition to a tear-down barn. The value is in the acreage. + +When people do comps on the land, about half of the comps are other sales that are \~30-40 miles south of this land. Land value in this area has been stagnant for about 10 years with comps over that 10 years showing this. There are 2 comps from the last 2 years in the immediate area that can be used to justify a value of closer to 700k - with comps further away justifying a price closer to 900k. Immediate area land is not able to be used as farmland - the land 30-40 miles away is farmland. + +We would pay over market value for this land, but not substantially so. + +**What is the best route to go about getting this land at market value?** + +It was just listed today - and there is absolutely no way it will sell for close to ask - so I am not opposed to waiting quite some time before approaching them. + +**Current plan (please tell me if there is a better approach):** + +1 - Wait until the property has been listed 90+ days and approach the seller's agent. + +2 - Look at the property - and ask for comps. The comps that come back (I am familiar with all of them) will either be in the 750-900k range - or will be in the 2m range and have homes on them worth 1m+. + +3 - Make an offer of approx. 900k (with plans to negotiate up to 1m). Justify this offer with comps and put a timeline of \~1 week on the offer. + +**All advice is appreciated!** +First of all, don't judge me... I was watching Survivor last night when I saw a most unusual commercial. It was from the [CDIC, the Canada Deposit Insurance Corporation](https://www.cdic.ca/). I couldn't believe my eyes! Tell me why there are commercials, during prime time TV, informing us that our money is is insured?! JESUS! Tell us something BIG is coming without telling us something FUCKING HUGE is coming!!!! + +Go to the CDIC site and the commercial is right there on the front page. +Greetings, FIers! I [retired in summer 2021](https://old.reddit.com/r/financialindependence/comments/oqdj5r/i_retired_today/). As is tradition, I'm back to fill you in on how it's been going. + +Basic details: 39M at retirement, 40 now. I live in New York City. Married, one kid. Worked a 15-year career in tech. I FIREd last July with $2.3M in investments, zero debt and a paid-off place. Technically, this one-year update is a little late, but I have an excuse: I've been having too much goddamn fun! + +OK, let me put this out there to start with: I'm a complete fraud. I'm not living off investments. + +The plan was for my wife to quit in 2022. But then the markets dropped, and she didn't like the idea of giving up her paycheck while our net worth was decreasing. Her job is easy, low-stress and 80% working from home, and she wants to keep working at least until the stock market recovers. Her salary plus the dividend payouts from my taxable account cover our expenses, plus we get that sweet employer-paid health insurance. + +I'm down about $400,000 from my all-time high, but I'm not stressing at all. I was planning to withdraw between 2.5% and 3%, which should survive a dip like this, but I'm not upset about not having to put that to the test just yet. I've done my best not to pressure my wife either way. If she wants to join me in retirement next year so we can travel more, or if she wants to keep working a while longer and let our net worth grow, both those options are perfectly fine with me. + +While she's working, I'm the stay-at-home dad to our son. Over the summer, I repainted his room, took him to the beach, took him on hikes, and spent many hot days at the pool. Now that school is back in session, I walk him to school, read books and do Legos with him, and help with his homework. It takes a lot of time, but I'm grateful that I *have* that time. I can be there for him without any competing obligations. I hope that gift of presence is something he'll benefit from and remember fondly when he's older. + +Between COVID, my wife's work schedule and my son's school schedule, I haven't done lots of traveling. Even so, I feel like I've made the most of the past year. I went to the Delaware Water Gap and Acadia National Park to enjoy spectacular scenery and great hiking. I've explored hidden treasures in the Hudson Valley like Croton Gorge Park, Innisfree and Untermeyer Gardens, and took a weekend trip to Riverhead out on Long Island to see old shipwrecks on the beach and stargaze at the Custer Observatory. + +Around the house, I'm exercising more, listening to more music, reading a lot of books and catching up on long-overdue deep cleaning and decluttering projects. I'm handling all the cooking and most of the household chores. I'm growing a flower garden with native pollinator-friendly species, and a vegetable garden where I've grown green beans, peas, tomatoes, cucumbers and corn. It's not a money saver, it would definitely be cheaper to just buy produce from the supermarket, but there's something incredibly satisfying about eating food you grew and picked yourself. + +Now that I've had some experience of it, what strikes me about retirement is how *normal* it seems. It feels like nothing special, just my life - a life where I can run errands, do a workout, or sit in a coffee shop with a book in the middle of the day on a weekday. It's hard to remember that I once had to commute in to an office and sit at a desk five days a week. + +The sharpest reminder of my unusual circumstances is trying to make plans with non-FIREd friends. It's almost a little frustrating that I'm free on weekdays and they're not. There are so few weekends, and they fill up so fast! + +Admittedly, FIRE hasn't made my life a nonstop orgy of unicorns and rainbows. I still have petty frustrations and crappy days. But let there be no mistake: early retirement is *great*. I love that every day is my own, to do with as I see fit. I can weed my garden, or listen to a podcast, or clean out my attic, or go for a long walk on a beautiful morning as the mood strikes me, and I don't have to answer to anyone's expectations about my schedule or my productivity. I haven't been bored for an instant. The hardest part is deciding what I want to do with each day, when there are so many choices! + +Happy to answer questions and comments. I'll also accept GFY's. +Guten Morgen to this global band of Apes! 👋🦍 + +Last week was quite the week in the GME saga, and this week has the potential to be even bigger! Last week, we saw the stellar earnings release from GameStop, the subsequent short attack, the near-immediate recovery from said short attack, and finally that the Short Hedge Funds did *not* roll their quarterly futures by the traditional deadline, leaving that event to happen this week. Then, of course, over the weekened there has been nonstop speculation about what the wacky numbers coming from Yahoo Finance indicate, inspiring some very interesting (and fresh!) DD. Let's just say that *many* tits are currently jacked like never before, and only time will reveal what GME has in store for us this week. + +Today is Monday, September 13th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$194.78 / 164,69 €** *(volume: 3267)* +- 🟩 115 minutes in: $194.10 / 164,11 € *(volume: 3061)* +- 🟩 110 minutes in: $194.05 / 164,07 € *(volume: 2600)* +- 🟩 105 minutes in: $193.99 / 164,02 € *(volume: 2566)* +- 🟩 100 minutes in: $192.75 / 162,98 € *(volume: 2329)* +- 🟩 95 minutes in: $192.66 / 162,90 € *(volume: 2298)* +- 🟥 90 minutes in: $192.65 / 162,89 € *(volume: 2262)* +- 🟥 85 minutes in: $192.78 / 163,00 € *(volume: 2227)* +- 🟥 80 minutes in: $193.67 / 163,75 € *(volume: 2207)* +- 🟩 75 minutes in: $194.15 / 164,16 € *(volume: 2108)* +- 🟥 70 minutes in: $193.92 / 163,96 € *(volume: 1837)* +- 🟩 65 minutes in: $194.48 / 164,44 € *(volume: 1646)* +- 🟩 60 minutes in: $193.73 / 163,80 € *(volume: 1615)* +- 🟥 55 minutes in: $193.53 / 163,64 € *(volume: 1562)* +- 🟥 50 minutes in: $193.55 / 163,65 € *(volume: 1507)* +- 🟩 45 minutes in: $193.56 / 163,66 € *(volume: 1496)* +- 🟩 40 minutes in: $193.52 / 163,62 € *(volume: 1488)* +- 🟥 35 minutes in: $193.47 / 163,59 € *(volume: 1337)* +- 🟩 30 minutes in: $193.49 / 163,60 € *(volume: 1333)* +- 🟥 25 minutes in: $193.46 / 163,57 € *(volume: 1274)* +- 🟥 20 minutes in: $193.64 / 163,72 € *(volume: 938)* +- 🟥 15 minutes in: $193.65 / 163,74 € *(volume: 877)* +- 🟩 10 minutes in: $193.79 / 163,85 € *(volume: 803)* +- 🟩 5 minutes in: $193.08 / 163,25 € *(volume: 457)* +- 🟩 0 minutes in: $192.62 / 162,86 € *(volume: 124)* +- 🟥 US close price: $190.41 / 161,00 € *($191.05 / 161,54 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1827. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Does anyone else wake up on Sunday with an internal gut feeling of anxiety for the work week to come? Even with a US (3) day work week, I always feel my Sunday has a cloud over it. I can never fully enjoy the day as I’m already worried about everything I have to do this upcoming week and even more worried since it’s a short one, since I have to rush everything. + +Every Sunday I’m reminded the freedom FI and potentially RE would give me. It’s a weekly shove to trust the process and stay on the course. + +I’d imagine my Sundays would eventually feel like Friday nights, where I can know I control the week ahead. + +Oddly enough I even like my job/coworkers and industry, it’s just the pressure of being forced and obligated to do certain things. + +Cheers to everyone’s journey, let’s keep our eye on the prize. + +👊🏼 +We have a buy pressure floor that is rising just as fast as the margin debt ceiling is falling. + +Eventually these two "lines" are going to converge - and this is when MOASS will **inevitably** happen. However, at the moment we know that the **Fed is currently unable to print any more money; or sell bonds**. + +Mitch McConnell is fighting with Dems to lift the ceiling; because without doing this; that convergence point is getting ever closer by the day. They need this to happen to delay MOASS. + +Edit : (/u/Careful-Translator51) - **I made some statements opposing this overall argument; but I have** [**learned**](https://www.reddit.com/r/Superstonk/comments/opezb3/recent_events_are_proving_that_we_are_currently/h658i9v) **that I was incorrect /misleading with some statements I made in earlier conversations within this post** + +>McConnell declared he believes not one single Senate Republican would support raising the debt ceiling, which expires at the end of July. The federal debt has reached $28.5 trillion. + +[~~https://www.breitbart.com/politics/2021/07/21/mitch-mcconnell-takes-stand-on-debt-ceiling~~](https://www.breitbart.com/politics/2021/07/21/mitch-mcconnell-takes-stand-on-debt-ceiling/) + +[https://thehill.com/policy/finance/564067-mcconnell-warns-gop-wont-vote-to-raise-debt-ceiling](https://thehill.com/policy/finance/564067-mcconnell-warns-gop-wont-vote-to-raise-debt-ceiling) \- more "PC" friendly link; story / facts remain the same + +Feds **NEED** to lift the ceiling to print more money / sell more bonds. Without this they are FUK and cannot short any longer. + +The only thing that lifting the ceiling would do is push this can further, and make the aftermath even **WORSE**. The sooner this happens, the better off we will be because less damage will be done (versus delaying ever longer). Printing **MORE money** means **MORE inflation** that **WE will have to pay for later** if ~~THEY win~~ the ceiling is lifted. + +We are literally in the end game. Resistance (IE: Las Vegas victims) efforts through shills are picking up; getting more and more aggressive and "violent"...death threats to mods....RedditCares alerts. It is happening - this is undeniable. We are getting CLOSER! + +HEDGIES R FUK. **BANKS ARE BLEEDING!** +Documenting this in case he tries to shill a false track record in the future. + +[https://www.reddit.com/r/Forex/comments/bztb60/if_you_want_some_free_money_sell_gold_enjoy/](https://www.reddit.com/r/Forex/comments/bztb60/if_you_want_some_free_money_sell_gold_enjoy/) + +[https://www.reddit.com/r/Forex/comments/c00u9a/for_those_of_you_bagging_on_this_gold_short/](https://www.reddit.com/r/Forex/comments/c00u9a/for_those_of_you_bagging_on_this_gold_short/) +As tax filing season gets underway, people are starting to post queries indicating confusion about why their tax software shows a big refund when they've only entered one of several W-2s and then that refund indicator drops to a smaller refund or even says they owe taxes as they enter other W-2s. + +This can happen whether you are a Single taxpayer with multiple W-2s or are Married taxpayers filing jointly who both have incomes. + +The reason this happens is the interim "refund" value isn't really a valid figure, because it is misrepresenting what your income is and how it gets taxed. + +I'll give some numeric examples to illustrate, but first it may help to know that your W-4 "allowances" setting is going to influence how much of the income you earn at one job is going to be considered untaxed by the withholding system as it estimates your yearly tax in order to figure out what to withhold from any particular check. + +In 2017, for Single filers: + +considered not taxed = 2300 + 4050 * allowances + +In 2017, for Married filers: + +considered not taxed = 8650 + 4050 * allowances + +Let's see how this plays out in some scenarios. I'm using 2017 tax numbers here, since right now people are struggling with interpreting their 2017 tax situations. + +--- + +EXAMPLE A: Single filer with two jobs all year + +Suppose you are a Single filer with a 24K job and a 36K job and on both your W-4s you put "0" allowances, thinking that would cause more than typical withholding. Let's say the 24000 job had 2789 withheld and 36000 job had 4589 withheld, which is likely amounts for full year withholding. + +Job 1: 24000 wages, 2789 withheld using S-0 +Job 2: 36000 wages, 4589 withheld using S-0 + +Let's see what happens when you enter just Job 1 W-2 into typical tax software. Here is what the software interprets is happening. + +income = 24000 + +deduction = 10400 + +taxable income = 13600 + +income tax = 9325 * 10% + 4275 * 15% = 1574 + +payments = 2789 + +"refund" = 2789 - 1574 = 1215 (Yay!) + +I put the refund in scare quotes because this is an invalid number, since only one income has been entered. If this were your only income, you would indeed get this amount of refund. And this refund number certainly gets you thinking that the withholding at the first job was more than enough. + +--- + +What happens if instead you enter just Job 2 W-2 into software? Similarly, it would tell you you're getting a refund if that's your only income. + +income = 36000 + +deduction = 10400 + +taxable income = 25600 + +income tax = 9325 * 10% + 16275 * 15% = 3374 + +payments = 4589 + +"refund" = 4589 - 3374 = 1215 (Yay!) + +By the way, the apparent "refund" is the same in this example because in each case the withholding system was told to use "0" allowances instead of "2" allowances, and this made the withholding system imagine your income in each job would be 4050 * 2 = 8100 more than it really was, which causes about 8100 * 15% = 1215 too much withholding to happen for that job considered by itself. + +In other situations, you may find that the nonsense "refund" values you see when you decide to switch the order of entering W-2 will be different, as a consequence of how allowances settings were done and what tax bracket each income seems to put you in. + +Notice that no matter which W-2 you enter, the withholding systems believe that some income is not taxed, some is taxed at 10%, and some is taxed at 15%, but no income is taxed at 25%. This turns out not to be true when you actually compute your tax. + +---- + +Let's see what happens when you enter the second W-2 after entering the first W-2. Now the software has your actual total income information and total withholding information, and the final result is valid. + +income = 24000 + 36000 = 60000 + +deduction = 10400 + +taxable income = 49600 + +income tax = 9325 * 10% + 28625 * 15% + 11650 * 25% + += 932.50 + 4293.75 + 2912.50 + += 8139 + +payments = 2789 + 4589 = 7378 + +"amount owed" = 8139 – 7378 = 761 (Hey!) + +Instead of getting a refund, you actually owe about 761. Yikes! + +---- + +What happened? + +Was something "wrong" with the withholding at Job 2? Not really. No more than what was wrong with the withholding at Job 1. + +Your withholding wasn't actually enough. + +Using Single 0 W-4 settings at both jobs wasn't enough to account for the actual tax, because some of the income really does get taxed at 25% when you "stack" your two incomes together. + +One way of thinking about this is that the withholding systems at both jobs effectively thought of this as how the income falls into brackets: + +considered not taxed: 2300 + 2300 = 4600 (because of use of "0" allowances) + +considered taxed at 10%: 9325 + 9325 = 18650 + +considered taxed at 15%: 12375 + 24375 = 36750 + +considered taxed at 25%: nothing + +In reality, when the two incomes are combined, this is how the actual income falls into brackets: + +not taxed: 10400 + +taxed at 10%: 9325 + +taxed at 15%: 28625 + +taxed at 25%: 11650 + +Although the withholding had a low value 4600 for tax-free space compared to reality of 10400, the withholding had a very skewed idea of how big the tax bracket spaces are, so the withholding systems interpreted more of the income as being taxed in lower brackets. + +It's not fruitful to blame the withholding at each job. At each job, the withholding system is just following the instructions conveyed by "0" allowances, and it is hamstrung by not knowing the total income. Each job treats your income as if it's the only job. + +Solution: This taxpayer should have considered using S-0, S-0 settings but also have extra withholding taken from paychecks to send in about 760 more tax across the entire year. Extra withholding of $30 from biweekly paychecks at one of the jobs would have been enough. However, owing 760 at tax time isn't going to cause this taxpayer any underpayment penalty, because it's under $1000 shy. + +tldr: If your overall withholding was not enough, it's still possible for you to see an apparent interim "refund" value when you enter just one W-2 into tax software. You need to ignore this interim value because it doesn't represent a real refund you could get, since it is not based on knowing about all your income and all your withholding. Also, you should not blame the second job as having faulty withholding. + +*I'll append another scenario in a comment, involving married taxpayers, as this post is already long.* + +Edit: [Link to EXAMPLE B, a married couple](https://www.reddit.com/r/personalfinance/comments/7ttim8/some_insights_into_the_answer_to_why_did_my/dtg5k45/) who see two different meaningless "refund" numbers depending on whose W-2 is entered first. + + +Defi is such a buzzword these days that almost everyone is using it. + +Not only retail investors, but a growing number of institutional investors, are interested in participating as well + +There is no reason to deny that the DeFi space is expanding. + +With the newly emerging solutions, businesses and individuals alike want to capitalize on the benefits of decentralized finance. + +Decentralized finance has not only increased the potential for global financial inclusion, but it has also increased the potential for using and managing digital assets. + +So, what exactly is Defi- + +Decentralized finance (DeFi) is an umbrella term for a variety of public blockchain applications and projects aimed at disrupting the traditional finance world. + +DeFi refers to financial applications built on blockchain technologies that are inspired by blockchain technology. + +So, prior to the establishment of Defi, we had been using Cefi for, let's say, thousands of years, but the system is getting old. + +I can still remember how stressed I felt the last time I needed to loan some money from the bank. + +So, yes, there was a need for change, and yes, change is the only constant in the world. + +Defi introduced new possibilities by eliminating the intermediary found in Cefi and connecting the user directly to the smart contracts. + +There are several ways to use Defi to your advantage now. + +Crypto custodian solutions like Unido and Fireblocks assist institutional investors and SMEs in utilizing Defi and crypto, allowing them to invest in a seamless manner for maximum profit while also resolving cash flow issues. + +However, we may not be delving into that right now + +Now let discuss staking. + +DeFi staking is the practice of entrusting crypto assets to a smart contract in exchange for becoming a validator in a DeFi protocol or a Layer 1 blockchain and earning rewards for performing the duties required by the role. + +That's as straightforward as it gets. + +However, there are several risks associated with Staking that you should be aware of before diving in. + +**Risks in Staking** + +The first thing you should know is that the safety of the staked tokens is directly proportional to the safety of the protocol. + +Slashing, volatility risks, validator risks, and server risks are all possible. + +Furthermore, you may have to deal with issues such as fund loss or theft, reward waiting periods, project failure, liquidity risks, minimum holdings, and extended lock-up periods. + +So, why should you stake? + +Staking earns you steady passive income, rather than just saving your tokens in a wallet why not stake them to earn more + +There are some staking pools that will offer you very high APY for passive income, but as I always say, the higher the apy, the higher the risk. + +I'll be listing some of the platforms I've previously staked as well as a new platforms I'm looking forward too + +Crypto.com- You can stake your stables and other altcoins coins on it, and the APY is determined by how many CRO you stake with the other token. + +Celsius is a community of over 1 million users who earn up to a 17% return on their cryptocurrency. + +You can get new coins every week and borrow money at 1% interest. + +With no fees, you can buy coins, earn yield, borrow, and transfer them. + +Web and mobile apps are available. + +IMO + +The APY isn't as high as on Crypto.com, but it's still worthwhile in the long run. + +https://celsius.network/ + +Kucoin staking- The KuCoin exchange allows users to stake their coins without locking them. + +This is accomplished through a process known as Soft Staking. + +Unido + +In-app staking is also on the horizon, and I'm eager to learn how much APY it will provide. + +Unido enables enterprises and institutional investors such as hedge funds, asset managers, and digital banks to manage and invest in DeFi and Crypto markets in a seamless manner. + +It's a platform that promotes mass crypto adoption, and I believe it will be extremely valuable in the future. + +Its Community beta wait list is now available, and I have signed up. + +https://pac-21249071.hubspotpagebuilder.com/en-au/unidoep-community-beta-testing + +It's the best time to earn some passive income, so leave more projects that allow staking in the comments section so I can go through them as well. +Given NKLA’s response was [flat](https://www.barrons.com/articles/nikola-disputes-short-seller-report-additional-detail-stock-falling-alternative-fuel-truck-51600092110), so far as showing linkedin employees (almost none of whom were previously in EV), Hindenburg has responded back, resulting in NKLA down 6%, to $33.74 in premarket trading.  + +Hindenburg Research says Nikola’s response yesterday was a “tacit admission of securities fraud.” + +They go on to say: “We included 53 questions at the end of our report that we believe shareholders deserve answers to. The company promised a full point-by-point rebuttal, but then only responded to 10 of our questions. Of those 10 responses, the company debunked nothing. Instead it either confirmed or sidestepped virtually everything we wrote about, and in some cases raised new unanswered questions...” + +Further saying: “In our report, we explained how the company released a video called ‘Nikola One in Motion’, which made it seem that its Nikola One semi-truck was traveling under its own power at a high rate of speed. Angles in the video were edited to make it appear as though the semi was moving on a roadway that was flat, or even uphill. In Monday’s response, the company acknowledged that its vehicle was not functioning under its own power, and instead, was apparently simply showcasing the power of gravity. It claimed that using the term ‘in motion’ dispelled the deceptive nature of the video. We disagree. Beyond common sense, the company referred to the Nikola One as ‘the 1,000 HP, zero-emission Nikola One semi-truck’ in the description of its video. Obviously, the truck can’t have 1,000 horsepower or even 1 horsepower if it doesn’t power itself.” + +For those interested: [Hindenburg response](https://hindenburgresearch.com/nikola-response/). + +So, puts!!!! +I am under contract for a duplex that we agreed back in January, when the developer was mid renovation. Since then the market in this area has been very hot, and he has brought up on several occasions how he underpriced it to me. Note that it was very fair at the time, but I do agree he could get more now. + +Also for background information - I did make a mistake in that some of his promises were pretty vague such as "I will do something with this xyz, Im not sure yet". He has a good reputation so I trusted him on it. + +Now the property is almost complete, but he has done the absolute minimum. On one hand it is still a good deal for me, but on the other hand I feel like I am being screwed. Would you guys push on this and if so, how can I word it while maintaining a good relationship for future projects? He seems angry about the price we agreed on, but it is not my fault that the market has went up. Also, he is in compliance with the contract, so I have no legal right to anything other than cancelling the contract. + +Edit: thanks all for the feedback, even the ones calling me stupid which I deserve. But to clarify - he is flipping the house and I am under contract to purchase it. He is not my contractor. He did show me previous houses he had done prior to this when we agreed it and told me it would be the same standard - but it is not. +I dont, but I do have a margin account for other strategies so was thinking it might be worth using the margin account for all strategies at this stage. + +How do you make sure you're not over-leveraging? Is there a way or do you just keep an eye on the total BP usage? Or what do you do? + +Thanks in advance + +Edit: +Positive takeaways: a lot of people said definitely do it as long as you make sure not to use over a certain amount of buying power or calculate the amount it'd cost if all positions were exercised and make sure its not more than your account balance. +Side note some people did praise margin when working with Futures + +Negative: don't use margin unless you know what you're doing with it. +The premise is that you can 'defend' a losing position by buying to close at a loss, but then immediately opening a position that is far enough out that the increased premium will make up for the previous loss. + +So, to rephrase this strategy—if you put yourself in a losing position due to poor entry and poor exit, you should now tie up your collateral even longer by putting yourself in an even worse position, and waiting even longer to hopefully break even. + +Let's just call it what it is. A sunk cost fallacy where the trader doesn't want to admit they made a bad call. It happens. Maybe that collateral will be better used elsewhere. Or maybe today's market conditions just aren't right and it'll be better to just wait until tomorrow to open a new position. + +But it's rare that the best strategy is to double down with the same failed move that got you into this position. Sometimes you just gotta take an L. + (Unbiased responses with some FACTS please!) I feel like Obama took over at a really low point and then left at a rather high point. Is it the claim that the economy would have recovered more quickly without his policies? Is it that unemployment rates were artificially low, because people stopped looking for work? (Is that true?) Something else? Not trying to troll or push an agenda, but I hear so much "Obama and the democrats just waste/spend money and ruin the economy" rhetoric, but from my lay perspective, it seems like the economy did really well under Obama. (Is THAT true?) What's the reason for all the criticism? +NEW YORK – Amid continued revelations over the outsized influence of Reddit’s r/wallstreetbets on the market, machine-learning trader Cedar Hill Capital declared bankruptcy this week after their algorithm learned how to YOLO 100% of the firm’s funds on a NKLA option expiring the next day. “As Bloomberg recently reported, the market’s big players are all watching and scraping popular forums like r/wallstreetbets for retail trading sentiment analysis,” our market expert noted. “The most advanced use machine learning to predict what moves the traders on Reddit might make next. After just a few hours of studying the forum, bankrupted Cedar Hill’s algo learned to spend literally every dollar the fund had, plus margin and an advance on the company credit card, on 0DTE 9/11 $45 NKLA calls which expired worthless several hours later.” + +Observers were quick to point out that Cedar Hill’s algorithm had done exactly what it was designed to do in modeling the behavior of a r/wallstreetbets user. Before being discontinued, the algo also posted a screenshot of its billions in losses to the forum and spent the next day suggesting that other users’ wives had boyfriends. + +[Source](https://www.reddit.com/r/TheHedge/comments/iuaiqt/trading_firm_bankrupted_after_machinelearning/) +**Currently pumping at 6M MC** + +The $FCF team has won the Crypto Innovation of the year at the dubai crypto expo! FCF PAY is changing the way the world spend and earn cryptocurrency. + +The team is in negotiation and signed NDA with dozens of Payment service providers and top tier exchange to partner with FCFPAY to allow merchants into easily accepting any crypto as currency! + +The Team is doxxed, always delivers on their promises! This token is 1 year old and keeps on growing! + +**Discover our Revenue Sharing Token Ecosystem! (RST)** A real world product(FCFpay) that keeps fueling our investor token $FCF! + +33% of all the fees collected by FCFPAY are used for buy backs and burns! Another 33% Goes directly to the holders in BNB! + +$FCFpay integrates with the 3 biggest e-commerce platforms – WooCommerce & Magento & Prestashop. But FCFpay doesn’t stop there… The flexible API allows it to be integrated into practically any existing payment system, even in physical retail stores! In fact, a large proportion of the first merchants to use it will be physical stores. + +**Imagine paying directly with crypto!** You can nowshop online or in person, and spend your crypto gains without having to send them to the bank or use a “crypto credit card” that is actually just swapping your crypto for fiat. Crypto is about to fulfill its true purpose as the CASH of the internet! + +Fcfpay allow you to buy flowers with BNB and order food with Cardano (or any other crypto)... just about any combination you can imagine, and all without requiring you to use a traditional offramp, such as a centralized exchange. + +This will allow FCF to unite the $4 trillion-dollar online shopping industry with the cryptocurrency world. This unification positions FCF to lead the way towards mass adoption and secures the future of FCF as an essential crypto technology! + +That’s why their motto is “EMPOWERING CRYPTO”! + +**$FCF is listed on Pancakeswap, LBANK and hotbit. The next goal is a tier A Exchange!** + +The payment gateway is used daily by several PSPS and is growing every week! + +$FCF rewards holders with BNB dividends based on trading volume (5% of each transaction goes to the dividend pool and is distributed proportionally) AND from a portion of transaction fees once + +FCFpay is launched. Yes, you will earn dividends on every payment gateway transaction! This safeguards your investment from bear markets by establishing a second source of dividend revenue! Imagine receiving a portion of the $4 trillion-dollar e-commerce industry simply by holding FCF! + +FCF POKER ROOM and Licensed casino is live and you can play with your crypto now! + +**Buy and hold for 30Days and get a full tax refund!** +**The Dev is always active and always OVERDELIVERS.** + +**Dev is Doxxed, KYCd and a Certik audited!** + +[https://linktr.ee/fcf\_bsc](https://linktr.ee/fcf_bsc) + +[www.frenchconnection.finance](https://www.frenchconnection.finance) +The title is my IDEAL situation, to move out and get a new car by May. I’m 20 years old (yes I wish I could just stay home and save but I really need out). Not going to school at the moment but might go back in Spring. I currently am a server at a restaurant and was making pretty decent money, however that is starting to decline. I’m hoping to maybe stay serving and also find other ways of income (possibly Uber Eats or a similar service) through Winter. Regardless I’m really trying to grind and be able to move out safely by Spring. Just seeking some tips and potential money opportunities +EDIT: I do have an 2005 Hyundai I drive now with 125k miles on it. I’m looking to get something newer in the Spring that will last a long time, aiming for a 2015 Jeep +&#x200B; + +https://preview.redd.it/f873m85tikt61.png?width=1147&format=png&auto=webp&s=1ce4090e570736176663166840f876f8f7a31966 + +Apes, I would like you to meet Motley Fool Asset Management [https://www.mfamfunds.com/index.html](https://www.mfamfunds.com/index.html), the sister company of the Motley Fool. + +This company has several funds and ETFs on their site. So I took a look at the top holdings for each one then did a search on motley fool for their articles to see if they are upholding their mission to [help readers obtain financial information and discuss ways to make investment and personal financial decisions](https://www.fool.com/legal/the-motley-fool-disclaimer/) are just a propaganda machine to boost the stock prices of their holdings **(spoiler alert: It's the propaganda one)** + +You can find their funds here: [https://www.mfamfunds.com/our-products.html](https://www.mfamfunds.com/our-products.html) + +\---------- **#1 Holding: Amazon** + +**Amazon is their number 1 holding in their FOOLX fund** but can be found at some % on most of them\*\*.\*\* And just take a look at the articles. literally they are banging out 3-4 articles A DAY saying how amazing Amazon is + +&#x200B; + +https://preview.redd.it/1dvetdmbgkt61.png?width=612&format=png&auto=webp&s=d1af72ea5b82530bfe91a0201ef05ab8e64b21f8 + +&#x200B; + +**---------- #2 Holding: Watso Inc.** + +This is the **number 1 holding in their TMFGX fund.** I had never heard of this company, but motley fool has over 100 articles about it and once again all singing its praises. + +&#x200B; + +https://preview.redd.it/u7jcbrvtgkt61.png?width=620&format=png&auto=webp&s=9efcac945d00ce1f774a33009ae2946eff999108 + +**---------- #3 Holding - Apple** + +Apple is their **number 1 holding in their motley fool 100 ETF (TMFC)** and they actually **wrote some negative articles** about them... **just kidding!** + +&#x200B; + +https://preview.redd.it/sq41ovmhhkt61.png?width=621&format=png&auto=webp&s=17dfe859749415d28c53a814f10d114a130cfba4 + +**---------- GME** + +AAAAANNNNDDD now let's get to GME: + +&#x200B; + +https://preview.redd.it/rhn78akyhkt61.png?width=615&format=png&auto=webp&s=d892feb2f6fb4bab9e9565fb465a26319d79ff52 + +https://preview.redd.it/7brwqb47ikt61.png?width=618&format=png&auto=webp&s=b432faaeeb4dc209429d80e3eb6544791a3f1c78 + +As you can see, not so great. They even did some comparisons between amazon, i wonder what they suggested... + +&#x200B; + +https://preview.redd.it/lfxkxsbpikt61.png?width=673&format=png&auto=webp&s=bd24a53fd8e0efbb52605fe4826bef620788eb64 + +**Now some of you may "wait, this seems like blatant market manipulation?" and if this was a just world then answer would be DUH!!!** + +**BUTTTTT, at the bottom of their articles, they disclose that they do have a position in the stock (and even their call option recommendations...), its just in size 5 font after another long disclaimer.** + +**So at least they are nice enough to let you know they are manipulating you if you bother to read the fine print.** + +&#x200B; + +https://preview.redd.it/2b6r3y0zbmt61.png?width=825&format=png&auto=webp&s=4cef39ad2e04f26ea5f78b441d14f18a8d00e05e + +**Update:** so i clicked on their disclosure policy [https://www.fool.com/legal/fool-disclosure-policy/](https://www.fool.com/legal/fool-disclosure-policy/) and found this GEM: + +&#x200B; + +https://preview.redd.it/xpwt5n3i9mt61.png?width=905&format=png&auto=webp&s=0a7c551aec5aff72562b7d9e1c715796b03c4c22 + +and also this from their disclaimer page [https://www.fool.com/legal/the-motley-fool-disclaimer/](https://www.fool.com/legal/the-motley-fool-disclaimer/) + +&#x200B; + +https://preview.redd.it/r2p46pqaamt61.png?width=889&format=png&auto=webp&s=a3f17d9e01dc5c26fdcc1305fbee0db78d02c8a3 + +**So funny that they say that they are not here to give you buy or sell recommendations when they literally say "Recommends Apple. The Motley Fool recommends the following options..."** + +# So if you had any doubt about the purpose of motley fool, it is just propaganda to prop up their holdings and downplay any other company that could threaten them. +**Preamble:** There is no way around it. A vast majority of us Redditors absolutely hate The Motley Fool. I feel that it’s justified, given their clickbait titles or “5 can't miss stocks of the century” or turning 1,000 into 100,000 posts designed just to drive traffic to their website. Another Redditor summed it up perfectly with this, + +>If [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) and [r/stocks](https://www.reddit.com/r/stocks/) can agree on one thing, it’s that Motley Fool is utter trash + +Now that that’s out of the way, let’s come to my hypothesis. There are more than 1 million paying subscribers for Motley Fool’s premium subscription. This implies that they are providing some sort of value that encouraged more than 1MM customers to pay up. They have claimed on their website that they have 4X’ed the S&P500 returns over the last 19 years. I wanted to check if this claim is due to some statistical trickery or some outlier stocks which they lucked out on or was it just plain good recommendations that beat the market. + +Basically, **What I wanted to know was this - Would you have been able to beat the market if you had followed their recommendations?** + +**Where is the data from:** The data is from Motley Fool Premium subscription (Stock Advisor) in Canada. Due to this, the data is limited from 2013 and they have made a total of 91 recommendations for US-listed stocks. (They make one buy recommendation every 4th Wednesday of the month). I feel that 8 years is a long enough time frame to benchmark their performance. If you have seen my previous posts, I always share the data used in the analysis. But in this case, I will not be able to share the data as per the terms and conditions of their subscription. + +**Analysis:** As per Motley Fool, their stock picks are long-term plays (at least 5 years). Hence for all their recommendations I calculated the stock price change across 4 periods and benchmarked it against S&P500 returns during the same period. + +a. One-Quarter + +b. One Year + +c. Two Year + +d. Till Date (From the day of recommendation to Today) + +Another feedback that I received for my previous analysis was starting price point for analysis. In this case, Motley Fool recommends their stock picks on Wed market close, I am considering the starting point of my analysis on Thursday’s market close price (i.e, you could have bought the share anytime during the next day). + +**Results:** + +https://preview.redd.it/oo61ht373bw61.png?width=623&format=png&auto=webp&s=8c8d785445785475c739f84ea3638bb820420bb2 + +As we can see from the above chart, Motley Fool’s recommendations did beat the market over the long term across the different time periods. Their one-year returns were \~2X and two-year returns were \~3X the SPY returns. Even capping for outliers (stocks that gained more than 100%), their returns were better than the S&P benchmark. + +https://preview.redd.it/qo4xaop93bw61.png?width=623&format=png&auto=webp&s=8bf4985e21430a811827242ce9b3587e9a4ae25a + +But it’s not like all their strategies were good. As we can see from the above chart, their sell recommendations were not exactly ideal and you would have gained more if you just stayed put on your portfolio and did not sell when they recommended you to sell. One of the major contributors to this difference was that they issued a sell recommendation for Tesla in 2019 for a good profit but missed out on Tesla’s 2020 rally. + +**How much money should you be managing to profitably use Motley Fool recommendations?** + +The stock advisor subscription costs $100 per year. Considering their yearly returns beat the benchmark by 13%, to break even, you only need to invest $770 per year. Considering a 5x factor of safety as historical performance cannot be expected to be repeated and to factor in all the extra trading fees, one has to invest around $4k every year. You also have to factor in the mental stress that you will have to put up with all their upselling tactics and clickbait e-mails that they send. + +**Limitations of analysis:** Since I am using the Canadian version of Motley Fool’s premium subscription, I have only access to the US recommendations made from 2013. But, 8 years is a considerably long time to benchmark returns for the service. Also, I am unable to share the data I used in the analysis for cross-verification by other people. + +But I am definitely not the first person to independently analyze their recommendations. [This](https://www.researchgate.net/publication/321057021_Evaluating_the_performance_of_the_Motley_Fool%2527s_Stock_Advisor/fulltext/5a0af7be458515e482743bf9/Evaluating-the-performance-of-the-Motley-Fools-Stock-Advisor.pdf?origin=publication_detail) peer-reviewed research publication in 2017 came to the same conclusion for the time period that was before my analysis. + +>We find that the Stock Advisor recommendations do statistically outperform the matched samples and S&P 500 index, since the creation of Stock Advisor in 2002 regarding both short-term and long-term holding periods. Over a longer holding period, the Stock Advisor portfolio repeatedly outperforms the S&P 500 index and matched samples in terms of monthly raw returns and risk-adjusted measures. Although the overall performance of the Stock Advisor portfolio benefits from remarkable recommendation performances between 2002 and 2006, the portfolio still exceeds the benchmarks regarding risk-adjusted measures during the subsequent period between 2007 and 2011 + +**Conclusion:** + +I have some theories on why Motley Fool produces content the way they do. The free articles of the company are just created to drive the maximum amount of traffic to their website. If we have learned anything from the changes in blog headlines and YouTube thumbnails, it’s that clickbait works. I guess they must have decided that the traffic they generate from the headlines and articles far outweigh the negative PR they get due to the same articles. + +Whatever the case may be, rather than hating on something regardless of the results, we could give credit where credit is due! I started the research being extremely skeptical, but my analysis, as well as peer-reviewed papers, shows that their Stock Advisor picks beat the market over the long run. + +*Disclaimer: I am not a financial advisor and in no way related to Motley Fools.* +# 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 \*tend\* to agree but since I usually invest in long-standing shares that have good established reputations and a good moat, the past performance does sway me. + +However my question is this : + +Anybody here invested in a company with a steadily declining share price (say 5 to 10 years) that has experienced a turn-around? + +Cheers. +[This is the post in question.](https://www.reddit.com/r/Superstonk/comments/vbuvrm/update_understanding_computershares_max_sell/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +I think OP means well, but he should have looked into the matter more thoroughly before making a post. Sharing uncertainty isn't helpful. + +To keep this short and sweet, THERE IS NO HARD CAP ON WHAT AN ORDER THROUGH COMPUTERSHARE WILL FILL AT. + +Yes, the maximum *limit price* you can set for an order is ~$214k, and yes you can only set a combination of price and quantity in an order up to $9,999,999 total order value (limit price x quantity). + +What this DOES NOT mean is that you are restricted to $214k or $10mil as the price at which your sell order will fill. + +The restrictions through CS result from the old software that passes orders from CS to their executing brokers. From that point onward, the brokers are not restricted by the software. They will get you the NBBO when they execute your order. + +You will not be "capped" at $214k or $10mil if there are bids available above those prices. + +Want to learn more about NBBO and order execution? [Read this post I made a while back. It should help clear up any misunderstanding.](https://www.reddit.com/r/Superstonk/comments/sr5a5h/navigating_moass_a_beginners_guide_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + + + +EDIT: people are raising some concerns about how market maker liquidity and the NBBO will (dys)function during MOASS. Those are complicated questions that need deep dives of their own and are outside the scope of this post. + +Whatever happens to those things have nothing to do with Computershare or any shares held there. My intention with this post was to refute the claim that orders made through Computershare would be treated any differently than any other limit orders. + +If you share the opinion of some of the people in the comments, that there will be no bids available during MOASS, then keep a handful of shares in a broker which allows for higher limit sell prices. And maybe consider doing some DD yourself and share it with the community. We're all rightfully skeptical of market makers and brokers, but "there won't be bids available" is a big claim that needs to be backed up by compelling evidence. +Throwaway account, even though I’ve never posted here from my main account. + +I recently had a financial meeting with my parents, and their advisor, and found out that I have a trust that is currently worth $10 million. Obviously this will continue to grow overtime in the advisor expects at least a 5% annual return. + +My parents started gifting my sister, myself and our spouses $25,000 annually starting last year. One thing my parents and the advisor recommended was that my sister and I start to put our gifts into a separate checking account where we are the only name on the account and also open up a personal brokerage account. This way it is safe just in case of divorce. + +We both discussed with our spouses that this was recommended they were not happy at all. Does it make sense to keep my assets/gifts separate? There was also talk of intra-family loans in other ways to gift us the inheritance (growth) before my parents death. + +My sister and I have both been with our spouses for more than 15 years and we are both in our mid to late 30s with kids. + +Any thoughts and advice would be greatly appreciated! + +Edit: my wife has always made about twice as much money as I do. So now she is worried that if we get divorced I will come for her assets while keeping my millions because they are safe in a different account. + +Edit 2: I really appreciate all of you that have commented already. None of this is my point of view, which is why I am seeking advice. I just wanted to see different points of view if they even existed. + +Edit 3: it seems like it wasn’t made clear the exact reason of the separate accounts. The 25k checks aren’t important to keep separate because it’s such a small percentage of the estate. But my parents and their advisor wanted to start a pattern of behavior because family loans will come into play eventually in the 7 to 8 figure range and they want that to be separate. I thought I made that clear in my original post, but it must’ve gotten glossed over. +At this point, I don't care if God himself came to me and said that TSLA isn't overpriced. No stock that isn't in a bubble has its price double in like a month. And before all the Elon fanboys downvoting this and telling me that "Aktshully TSLA has incredible upside potential for the future and they're leading in the industry" I know it has, but in my eyes, it's like its already priced in and btw Elon himself said the stock was overpriced WHEN IT WAS AT 420$! and don't get me started on the market cap compared to other carmakers like Toyota or Volkswagen. I'm gonna put a remind me in the comments and we can see how it goes. +&#x200B; + +https://preview.redd.it/ojjd5ewm2g071.png?width=1024&format=png&auto=webp&s=103487b6a5c4f725cea969eeedc38d8f35cf031d + +Good Morning San Diago, + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/6yp9zngo2g071.png?width=680&format=png&auto=webp&s=8acbab1f1ec5ae24fb2c7b527b5bbfc4c4752ca5 + +# Did someone deliver mayo? + +Written by u/rensole + +So it seems that yesterday was a busy day at the Citadel HQ, there was a thread [here](https://www.reddit.com/r/Superstonk/comments/nhctbx/citadel_is_having_some_trouble_right_now/) showing a large police and fire trucks on the scene. There were some apes who were kind enough to hop on the train and even go there. + +What we found out: + +It was most likely a suspicious package that showed up, as some users already noticed that the fire trucks there were the ones with Hazmat suits in them (I didn't even know that there was a special version truck for this tbh), but as [/u/xsonusx](https://www.reddit.com/u/xsonusx/) mentioned in the comments; + + "Suspicious package called in earlier. Nothing going on at the building at the moment" + +&#x200B; + +https://preview.redd.it/qss27jwp2g071.png?width=640&format=png&auto=webp&s=8432cdc0c6ee73e920351f6403d7c4a9b11cffcb + +# OFFICIAL AMA- Lucy Komisar Part 2 - Monday, May 24, 2021 @ 4:30 p.m. Eastern + + + +This is the official AMA (Ask Me Anything) post for **Lucy Komisar (Pt. 2)**, who will be joining [u/Luridess](https://www.reddit.com/u/Luridess/) once again 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](https://www.reddit.com/r/Superstonk/comments/nhglmp/official_ama_lucy_komisar_part_2_monday_may_24/). + +Be sure to give the thread a read and leave your questions you have for her there, and if you've not seen part one you can view it [here](https://youtu.be/wKXWvEpnN34) + +&#x200B; + +https://preview.redd.it/kodqxcnq2g071.png?width=640&format=png&auto=webp&s=97f50305dc7fbf92fc637778e7dc19a5b0332f27 + +# DR BuRRRRRRY + +At this point everyone here has most likely seen "the big short" a couple of times, or even better, read the book. + +Well it seems that other stock subs are noticing that there is something big going on, most of the ones ask questions like "Is there even a stock with negative beta?" or they started to look into Dr Burry's findings, because well... the dude is smarter than all of us put together. + +[This thread](https://www.reddit.com/r/Burryology/comments/nga3as/margin_debt_archegos_capital_total_return_swaps/) goes over some of the findings and indicators Dr Burry uses to check the market, it's mostly about the margins debts and how Archegos was overleveraged and how that affects the rest, and how a market crash is very close. + +be sure to give it a read + +Also on the repo market (something you've undoubtedly seen mentioned a few times here now) here is a video of about 5 minutes explaining what Repo's are and what they mean and what they're for. + +[https://www.reddit.com/r/Superstonk/comments/nh9g0u/you\_may\_develop\_some\_wrinkles\_george\_gammon\_repo/](https://www.reddit.com/r/Superstonk/comments/nh9g0u/you_may_develop_some_wrinkles_george_gammon_repo/) + +&#x200B; + +[Can you smell that?](https://preview.redd.it/0j9nrhrr2g071.png?width=640&format=png&auto=webp&s=b6b47d56194563e63f6c34762a344eda64ad15b1) + +# 004 + +004 was the rule about members of the DTCC defaulting then the other members could buy up their stocks for pennies on the dollar before turning to open market, making sure they can profit off of other defaulting members. + +Also a thread was made in update for the 005 here: + +[https://www.reddit.com/r/Superstonk/comments/ngwhzu/where\_is\_srdtc2021005\_the\_update/](https://www.reddit.com/r/Superstonk/comments/ngwhzu/where_is_srdtc2021005_the_update/) + +the user had some personal interaction with the SEC/dtcc on where the hell it is. + +It comes down to "we're on it" but again read the thread itself. + +&#x200B; + +https://preview.redd.it/vtu3vent2g071.png?width=640&format=png&auto=webp&s=51c287a3be33ca64294f019e0811a4d8ee4388c0 + +# Robbin da hood + +Over the last few days we have seen a lot of different posts coming up about robinhood giving weird statements, showing that people who are transferring out of RH (and to Fidelity or another one) they get statements showing all their shares were fractional shares bought at times and prices that don't match up with what is going on right now. + +I remember a member having XXX shares but their cost basis was around 1.3 million, while they didn't spend anywhere near that, or people having single shares bought around the 600 mark and the ATH of the stock was below 500. + +Now there are multiple ways to explain this. + +1) something deep dark and sinister is happening, users have speculated that RH is buying them off of Citadel at inflated prices, meaning they're using this to stave off a margin call + +2) Robinhood's system is just bad and fucked up. + +3) Robinhood is buying them from darkpools, and seeing the stock is getting harder and harder to come by they are asking for higher prices. + +&#x200B; + +For me personally I think it's number two, Robinhood has shown to be incompetent on multiple accounts and times, whenever crypto goes up their system goes bust and have an "unexpected planned maintenance", transferring out does not go as smooth as it should for some members, this all leads me to believe that RH's tech stuff has been a shitty system at best, and no one expected a mass exodus from their platform and their system is not equipped to handle this, ending in lots of errors. + +No matter the case be sure to keep your receipts in case the IRS ever comes knocking so you can show your actual cost basis and amount of shares. + +&#x200B; + +[https://www.reddit.com/r/Superstonk/comments/ngx2ag/hypothesis\_robinhood\_is\_currently\_buying\_the\_gme/](https://www.reddit.com/r/Superstonk/comments/ngx2ag/hypothesis_robinhood_is_currently_buying_the_gme/) + +[https://www.reddit.com/r/Superstonk/comments/ngkrg3/proof\_that\_rh\_had\_to\_scramble\_to\_find\_shares\_when/](https://www.reddit.com/r/Superstonk/comments/ngkrg3/proof_that_rh_had_to_scramble_to_find_shares_when/) + +[https://www.reddit.com/r/Superstonk/comments/ngun6e/proof\_that\_rh\_scrambled\_to\_find\_shares\_during\_my/](https://www.reddit.com/r/Superstonk/comments/ngun6e/proof_that_rh_scrambled_to_find_shares_during_my/) + +[https://www.reddit.com/r/Superstonk/comments/ngw2xo/i\_just\_fully\_transferred\_out\_of\_robinhood\_to/](https://www.reddit.com/r/Superstonk/comments/ngw2xo/i_just_fully_transferred_out_of_robinhood_to/) + +&#x200B; + +https://preview.redd.it/i2rsf0bv2g071.png?width=640&format=png&auto=webp&s=e79d83a4e5459aecc4e4104c2d3d5a1ecd6ce33e + +# Weird transactions for the past few days + +3 days in a row weird transactions have been happening, this was found out by the german sub r/Spielstopp but still need to look into this on it's validity and not sure what this could possibly be or mean perhaps some smarter apes here could take a look and find out what it could possibly mean. + +[https://www.reddit.com/r/Spielstopp/comments/ngfhuw/dritter\_tag\_in\_folge\_324106\_aktien\_blocktrade\_auf/gytoixh/?context=3](https://www.reddit.com/r/Spielstopp/comments/ngfhuw/dritter_tag_in_folge_324106_aktien_blocktrade_auf/gytoixh/?context=3) + +&#x200B; + +https://preview.redd.it/z56lpl8w2g071.png?width=640&format=png&auto=webp&s=457e8f3a80eb0e3a7d31c732e579a1266ec7e2fc + +# The best for last + +**GO VOTE**, again check [this](https://www.reddit.com/r/Superstonk/comments/nhc8x4/dont_be_lazy_and_think_enough_people_will_vote/) thread. + +READ IT, AND GO VOTE. + +if your broker does not let you vote, nag them, keep asking them until you can. + +&#x200B; + +https://preview.redd.it/0ix29mpx2g071.png?width=554&format=png&auto=webp&s=3f932bb7568a04d509df8ee6e9a3b40f28705901 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + + + +https://preview.redd.it/lw9bhlpy2g071.png?width=400&format=png&auto=webp&s=01ae7ba1aaa556b264c954358f21b3fdbfd242c3 + +Remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) +My gf is on her 4th debit card over the last 6 months from BoA because someone keeps continuously draining her account onto a sketchy "untraceable" website. We honestly do not understand how this can keep happening and it's breaking my heart. We have a theory tho. For background, 8 months ago she was living with her previous bf and luckily got out after experiencing domestic abuse issues (this will become relevant). While living there, she had all of her important personal financial info in the house in some desk. Because of the aforementioned issues, she had to leave quickly (escape) and as a consequence she had to leave many things behind. Unfortunately this is a case where returning there to retrieve all of her info isn't really an option. We just want to know if/how it's possible that someone even with that sensitive information, is still able to use her card despite getting new one after new one with different security codes. Does anyone have any ideas? We are working on next steps. Thank you. + + +Edit: Thanks for the responses. I pushed for the idea of opening a new account and switching banks when she first told me because I too hate BoA. At the time I hadn't known it had happened so many times because she was feeling a lot of shame from her previous relationship and refused to talk about a lot of it which I've learned is common. The point of this post was for your ideas about how it keeps happening so the answers about the routing and account numbers make the most sense. To those accusing me, well, this is reddit and I expected no less lol. We will go thru the credit protection checklist and hope this becomes a non issue after a while. Thanks again +I covered my opinion in the title, but here is some decentralized filler I wrote: + +This is a determined filing, for devoted fighters with degenerate fingers, set to denounce Fintel's defective findings by demythologizing fictions in a decorated finale of seemingly demented fixes. The decrepit fiasco of derivative filching by defrauder firms is to have it's dense filth deconstructed finally in a demonstrative fire, designed firmly to defeat fictiveness, to declare fiscal freedom a deserved fixture, and to debase fiendish, demoralized financiers who somehow still deny finality of their defiled fiat. +I’m currently banking with Schwab (checking) and Ally (savings) for all the benefits . But I’m wondering if there is something better out there where to put my everyday hand cash in. + +For investments I currently have Vanguard for 401k and IRA, but I’m thinking of venturing out and opening with other brokerages. + +I have a Robinhood account for my investing for “fun” account, do you guys also have something else extra on the side with another company or apps? +So recently I learned that all of my grad school classes are going to be online from this Fall-Summer. This means that I can complete my classes remotely. After that, I’m assuming my final semester (Fall 2021) will be in person and I’d definitely have to live near campus which is ~7 hours away from my hometown. Tuition for the whole program is estimated to be around $18k and I don’t have any loans from undergrad and have around $3k prepaid money left for college. + +Housing near campus would be a little less than $600 a month including utilities and I currently have $11k in savings. My parents might help a tiny bit if needed and I also get $200 a month (not from them) to spend on whatever I’d like. Usually it’s food. I also don’t have a car so no gas expenses there. If I stay at home, I wouldn’t have to worry about rent or food costs. + +I know I’ll probably get a biased answer here since you all think in the most financially beneficial way but I really need help making the best decision. On one hand, my stinginess with money is telling me that the obvious choice would be to stay at home, work while taking classes, and save money. + +On the other hand, I would feel happiest if I lived near campus this year so that I could have my own independence, allow myself to personally develop even further, spend time with my friends, and improve my mental health because I’m tired of being around my family. I also believe that I would perform better in class since I wouldn’t be bothered by them and have time to myself to study and do my own thing. I also hope to get a part-time job or internship to make a bot of income if I move close to campus. Time and happiness is something I won’t be able to get back and I know that once I graduate and get a job I could earn back the money I would spend by furthering my education. + +What do you all think I should do? I’m kinda leaning more towards moving close to campus but I don’t want to regret that decision if I could’ve just saved money by staying at home. Help :( +I am a 21 year old female and I’ve been living on my own for about three years now. 2 years with my significant other and now one year on my own, with just my own income. My parents are dead and no one ever taught me how to save or budget. + +I have no savings, no emergency fund, and have 2k in credit card debt, 2k in collections (from a semester of college), and about 5k in medical debt that has not been reported to collections yet. Thankfully I do own a reliable vehicle (my dad left it to me), so no car payment. + +I work full time at an entry level job. I bring home around 2k a month, sometimes a little more, sometimes a little less. Currently my fixed monthly bills are: +Rent: $650 +Auto insurance: $200 +Credit Cards: $100 (min payments) +Dog Food/Care: $100-$200 +Utilities: $60-$90 +Cell phone: $60 +Internet: $70 +Gas: $120 +Medical Payments: $60 +Gym: $22 + + +My more flexible expenses look like this usually: +Groceries/Household items: $300 +Eating out: $100-$200 +Alcohol: $60-$90 + +These numbers are not extremely accurate because I’ve honestly just been winging it. I get paid and pay all my bills on payday. Then I buy groceries and just waste whatever money I have remaining from that paycheck and do the same thing when the next payday rolls around. I’m starting to realize that I’m quickly headed to financial disaster, if I’m not already there yet. + +There are things I definitely need to cut out like alcohol and eating out, and try to cut down on the grocery bill. Some will say that I need to get rid of the dog too and from a financial standpoint that’s probably right. But I’d rather try to chip away at other expenses before that. + +What are things I can do and tools I can use to get my finances in order and start a decent savings? I’m clueless +I understand that smart investment decisions are gold mines, and timing the market correctly is golden. + +That being said, reminding people about how much they would've made if they invested X amount of dollars in a certain project **then**, only leads to people making poor financial decisions **now**. + +Believe me, I would've loved to keep my stacks of 0.08 cents ENJ that I bought back in 2018, and I'm fully aware of what they'd be worth now.... I know my opportunity may come again - but for newcomers they may feel pressured into making poor decisions by "chasing the Crypto dragon". + +Remember, time in the market is better than timing in the market. There's no need to feel like you missed out because you didn't invest at the right time. + +Stick to the fundamentals, and you'll be just fine.... Don't be made to feel bad or feel as if you missed out because an opportunity slips through your fingers. +I decline a lot of invites because I don't have much space in my budget to buy food or drinks to contribute to occasions or events. Maybe I'm just terrible at finding ways to contribute that don't necessarily require extra budgets. I have bad spending habits myself that I need to fix but I do feel guilty about not "investing" into this part of my life +Happy days are here. I hope this a sign of GG taking the SEC in the right direction. So many things bubbling beneath the surface. It could blow at anytime. Let's go!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! (Forgive me if this is a repost. I was just excited.) [SEC removes auditor ](https://finance.yahoo.com/news/sec-gensler-removes-head-u-200018386.html) +I'm a young financial professional but I am severly burnt out. I made a lot of great changes, however, I +just don't think I want to sit at a desk the entire day. + +Are there any decent jobs that intersect low stress, non-client/customer facing and preferably not overly physical? I don't care if it is watching paint dry. I just don't want to be in an office. I am willing to learn new skills but assume I revert back to my usual occupation eventually. As always, thank you fine people at r/ausfinance +I’m new to forex and crypto. I joined crypto to make a fortune but too bad i went on a big loss. Anyways, i saw on instagram someone saying he could teach me forex and i can earn good money from it. But i know he’s just a scammer. + +- now I know where to start, from babypips. +But is that enough? Do I need anything else to read or watch? +- any tips for me and for my fellow beginners who are interested in learning forex? +- I really want to make this as a full time job and work for my self. +Your help is highly appreciated. +Thanks +**Edit:** Thanks everyone! Gotta sign off after 4 hours, but deeply appreciate everyone's comments and may try to jump in a few tomorrow. Thank you!! + +Hi everyone. I touched on this a [bit yesterday](https://www.reddit.com/r/Superstonk/comments/ucapbh/comment/i69bxju/?utm_source=share&utm_medium=web2x&context=3), but it’s so nice to be invited here and I continue to appreciate that anyone deems my words worth reading. Thanks to KylIlIlIIllIle (only know their Twitter UN) who was the first to propose this AMA, and [u/badasstrader](https://www.reddit.com/user/BadassTrader/), who promptly set it up. Thanks to other Redditors and mods for also recommending and helping set this up. + +I ended up here today after I posted a [Tweet](https://twitter.com/ballmatthew/status/1516905884609302528?s=20&t=N5w_aamTz3Jn9GJWeXlxug) demonstrating that a Metaverse report by BCG had plagiarized my intellectual property. A few reporters subsequently tagged RC, who then joined the chorus ([\#1](https://twitter.com/ryancohen/status/1516924809736728576?s=20&t=f46pHDdUWr2DujGq3OKGMw), [\#2](https://twitter.com/ryancohen/status/1516932557627019264?s=20&t=f46pHDdUWr2DujGq3OKGMw)). You can find the outcome of the issue [here](https://www.reddit.com/r/Superstonk/comments/u8mns9/bcg_reached_out_to_matthew_ball/i5n4cuj/?utm_source=share&utm_medium=web2x&context=3). + +**My goal today is mostly to talk about the Metaverse!** I’m considered one of the leading experts in the nascent and sometimes inchoate field. In July, W.W. Norton will publish my book “The Metaverse and How It Will Revolutionize Everything”. It’s 375 pages on what the Metaverse is, where it comes from, why it matters (and why now), how it’ll be built (and what it needs), what sorts of experiences it’ll enable, where it’s going, the businesses that will be built for it, who is likely to lead, the regulatory response (and need), and so on. I’ve been fortunate to receive some advance reviews and endorsements, which include the CEOs of Epic Games, Sony, Unity, Microsoft Gaming, and Netflix; the blurbs can be found on my blog [here](https://www.matthewball.vc/metaversebook). + +&#x200B; + +I’m also the Co-Founder of the Roundhill Ball Metaverse ETF (NYSE: $METV). It is the world’s largest Metaverse-themed ETF (also the largest gaming ETF, if you choose to define it as such). It was also the largest sector ETF launch of 2021 and second largest ETF launch overall (excluding mutual fund conversions). It is not enjoying CY 2022! Edit: The ETF is passive-rules based. That is to say, we do not actively pick any stock. It's based on qualifying measurements around sales, adoption, users, APIs, deployment etc. The criteria was established by a council of experts from Nvidia, Oculus, Rockstar/TakeTwo, Spotify, a16z, etc. + +My day job: I’m a solo VC mostly focused on the gaming space. I also advise a number of start-ups as well, and am producing some TV shows, films and games. + +If you have any questions feel free to reach out to BadassTrader who will be able to assist. Really big thanks to BT; very patient with me. + +I spent last night typing up a dozen or so responses and have a few hours today! Hi again! + +\---------------------------------------------------------------- + +**Questions and Answers:** + +\*\*\* + +**(Q) What is your favorite and worst future vision of the metaverse? -** u/mt_dewsky + +(A) Many characterize the Metaverse as inherently dystopic because Snow Crash, Ready Player One, Neuromancer, et al, specifically or transitively portray it this way. I find this flawed. Human drama is the essence of fiction and utopias tend not to produce much of it. In 2017, Neal Stephenson told a reporter “Keeping in mind that \[Snow Crash was written\] pre-Internet as we know it, pre-Worldwide Web, just me making shit up”. But more broadly, the many proto-Metaverse that have been developed, whether they’re MUDs and MUSHs, Habitat, Active Worlds, Second Life, Roblox, Sandbox - they are entirely different in feel. About creation, exploration, community, expression, collaboration, identity. Which is to say, we should look to social virtual worlds when imagining the future vision of the Metaverse, not science fiction literature. + +That’s not quite your point, so I’ll return to it. There’s a lot said about the war of centralization versus decentralization. What’s important is to recognize that neither side can really “win”. Partial centralization is an inevitable byproduct of growth in digital ecosystems with no marginal costs and huge returns to scale. Metcalfe’s Law says that a platform with 10 users is more than twice as valuable than one with 5. At a certain point, this means inferior platforms can offer superior value to users. We see similar feedback loops from data growth, revenue growth, talent growth, brand, etc. Look at OpenSea today - it doesn’t own, or even exclusively retail any NFTs, it doesn’t own user accounts, payment information, etc. It even charges higher rates than many competitors. Yet its share is estimated at 80-90%. Habits, brand, ease of use, etc., all centralizes. And now OpenSea is valued at nearly $20B and is actively policing the NFT ecosystem. + +Recognizing the role of centralization - often good, terrible in extremes, and somewhat inevitable - is key to building a Metaverse we want. A few years ago, Tim Sweeney said “This Metaverse is going to be far more pervasive and powerful than anything else. If one central company gains control of this, they will become more powerful than any government and be a God on Earth.” To avoid this, we need to be really active and smart about which companies and technologies and business models we support, which regulations we advocate for, and what we build. + +The worst version of the Metaverse is one where the world is more centralized, gatekept, and controlled than it is today (I’d argue even today’s degree of centralization, but in the Metaverse era, would be awful). + +**\*\*\*** + +**(Q) What are your thoughts about GameStop, LoopRing, and Immutable-X ushering the world into Web 3.0? -** u/Independent-Ad4660 + +(A) I’m an investor in/advisor to Dapper Labs and Polygon, which are leaders in NFTs, L2s/ZKRs, and in attracting Web3 game developers. They have incredible momentum and I have huge confidence in them. It wouldn’t be appropriate for me to get deep into my thoughts on competitors and alternatives. But I want to be clear: I don’t want or believe in single chain futures and I think the brilliance of these models is that liquidity/entitlements/graphs are not owned by single companies, and the stated and technical goals are interoperation and openness. Which is to say, those who deserve should and will win, and then need to keep fighting to deserve and retain the crown. + +What I can say is that so much of GameStop’s Metaverse opportunity depends, unfortunately, on regulation. Consider, for example, that none of the major gaming platforms (including iOS or Android) enable blockchain-based games outside the browser (and they limit browser-based ones, too). You can’t even buy an NFT in the OpenSea app! These platforms also don’t really support third party stores (e.g. no GameStop on iPhone or Xbox), nor third party entitlements management services. They also block third party game bundles. I’m a strategic optimist, but these are big restrictions for a company like GameStop - no matter the brand, community, aspirations, capital, it’s hard to get around these problems. And of course, one of the reasons why platforms love the end of physical media is they exclusively sell digital alternatives, then manage that right in perpetuity - meaning more margin versus a GameStop sale, and lock-in forever (can’t resell or take your disc elsewhere). + +These issues are at the heart of why Epic Games sued Apple and Google + +The good news is regulators are definitely coming here. I wrote more here: [https://www.matthewball.vc/all/applemetaverse](https://www.matthewball.vc/all/applemetaverse) + +\*\*\* + +**(Q) What's the most succinct and powerful answer you can give to a person who doubts the value of cryptocurrency, NFTs, the metaverse, etc.? -** u/twincompassesaretwo + +(A) I would consider these different. It’s a bit like saying “tell me why digital payments, deeds, and electrification are so important”. Not a perfect analogy, but hopefully it comes across. + +More important than cryptocurrencies is the fundamental argument that blockchains are programmable money. Digital payments today are just facsimiles of credit card, ACH and wire services. There’s a lot of value in being able to contract into “money” and make money legible to software. This is why smart contracts are fast and easy, lawyers unneeded, staking/DeFi so fluid. This doesn’t require blockchains, though, to be clear. NFTs are a manifestation of this. If “money” is programmable, you can program whatever you like + +As for Metaverse [https://www.reddit.com/r/Superstonk/comments/ucapbh/comment/i69xfzg/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ucapbh/comment/i69xfzg/?utm_source=share&utm_medium=web2x&context=3) + +**\*\*\*** + +**(Q) Hey** [**u/ballmatthewtweets**](https://www.reddit.com/u/ballmatthewtweets/)**, I see a lot of talk about the Metaverse in terms of gaming and office work, but I work in Manufacturing and companies are quietly spending hundreds of millions investing in Metaverse tech for manufacturing field applications. I have recently started a new role as a Metaverse Engineer in manufacturing with the scope of developing the infrastructure to empower augmented workers in the field and bridge the gap between physical and digital assets in production environments. -** u/cntry82txn + +**(Q) How big of a game changer do you think the Industrial Metaverse is and why is it not being discussed as much in public? -** u/dndpoppa + +(A) I like to describe the Metaverse as the fourth wave of computing and networking. The first was mainframes, from 1950s-1970s, the second was the PC and TCP/IP (the Internet Protocol Suite), from 1980s to late 2000s, then the most recent was mobile and cloud. We shouldn’t think of these as replacing the prior wave (there are more mainframes today than ever, we still use PCs and TCP/IP, etc), but building iteratively on top. Instead, they change who accesses computing and networking resources, when, where, why, and how, and so on. + +What’s interesting is that each of the prior three waves began and/or was first adopted by governments or mega enterprises. Consumer use cases were last. The Metaverse seems to be doing the reverse - and there are really good, fascinating reasons for why, which I get into my book but would require a chapter to get into here. + +But the result is we typically think of the Metaverse in consumer use cases in entertainment leisure. Of course, almost all of the value in the global economy sits everywhere. And so IF you believe the Metaverse is a successor state to prior eras, then it’s enterprise and industry which will be the primary use cases. It’s just not as exciting to talk about digital twins, automated plants with AR reporting, etc. Just as no one got excited about cloud CRM when talking about the Internet. + +In the fall, Johns Hopkins performed its first ever live patient surgery in XR. The surgeon, who also leads the neuroscience department, said it was like driving with GPS the first time. This is a great example. Today, we decide between Oculus and PS5. Oculus usually loses because it’s lower powered, with fewer and typically worse games, and a smaller player network - it might have some relative advantages, but not enough. Yet XR in industry isn’t an “or”. You don’t drive GPS instead of driving a car, you use the former with the latter. You define success like a surgeon does: better outcomes. This will be remarkably transformative. + +Have a look at the Atlanta Water Street Project in Unreal [https://www.unrealengine.com/en-US/spotlights/transforming-real-estate-visualization-with-an-xr-based-digital-twin-of-tampa](https://www.unrealengine.com/en-US/spotlights/transforming-real-estate-visualization-with-an-xr-based-digital-twin-of-tampa) or Nvidia’s Omniverse collaborative simulation platforms. Real estate is the single largest asset class globally, and it’s being made legible to software. + +\*\*\* + +**(Q) How would you elevator pitch the metaverse to someone like me that knows absolutely nothing about it?** + +(A) Couldn’t resist and answered this yesterday! [https://www.reddit.com/r/Superstonk/comments/ucapbh/comment/i69xfzg/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ucapbh/comment/i69xfzg/?utm_source=share&utm_medium=web2x&context=3) + +\*\*\* + +**(Q) Thanks dude. I just want to know how you made your leap from MNR to what you're doing now. Much love -** u/eatmykarma + +(A) Thanks u/eatmykarma. For other readers, MNR refers to the Ministry of Natural Resources. For two years, I was an initial attack wildfire fighter. Helicopters, drops, sleeping in tents, all that. I was based in Ontario, Canada, but we could be deployed anywhere, including the U.S. There was no clear leap. I was and remain very fortunate, but I worked hard, followed passions, knocked on a lot of doors (and kept coming back when ignored). Got a few breaks. Followed my passions. My writing has always been the big elevator. I loved my time firefighting (sometimes), though the damage to my knee is awful. A 54kg pump broke and kicked it in. + +\*\*\* + +**(Q) Hey Matthew, your written work on the subject is incredible, you’re pretty much the go-to metaverse guy so it’s awesome to have you reach out to interact with us Apes, thank you!** + +What’s your take on independent development companies creating their own VR-integrated metaverse? Do you think these projects have a chance to survive or will they get eaten up by the mega corps with unlimited funding etc? - u/YoitsPsilo + +I absolutely think they have a chance. RecRoom and VR chat are awesome and have more users than PS VR, any Oculus title, etc. Because we’re in this early transitional phase, it can be hard to assume anyone but today’s winners will thrive - they have the cash, assets, conviction, et al, to lead. Yet we were continuously taught over the last 30 years that this was not sufficient. + +Microsoft was as ahead and convinced of the mobile Internet as anymore, but they still ended up completely sideswiped on devices and browsers and web services. This was the result of many fundamental thesis errors. Facebook nearly lost mobile due to its bet on HTML5 over apps (they didn’t have a real app until 2012!) and spent many billions to get there (such M&A won’t be possible for the Metaverse). We see lots of this playing out today - there are different theses around VR versus AR, smartphones versus new devices, focusing on enterprise versus consumer, etc. + +One of the biggest challenges for these companies is always cultural feedback loops. If you spent 15 years building tech for, and rewarding employees for algorithmic optimization, does that skillset transfer to virtual social worlds and UGC economies? Probably not. A simple analogy. To thrive in the arcade era, a publisher had to make games that were (1) Great for 2-3 minutes of play; (2) Simple; and (3) Pay per use. This is because arcades were bought by businesses and shared devices. + +The introduction of consumer-grade gaming hardware (i.e. consoles) in the 1980s represented a ground-breaking change: suddenly you could game at home, play multiple titles, and, most importantly, save your progress. Saving meant games could have richer, longer, story-based narratives, and users could play endlessly without an additional fee. This was an entirely different experience. Being good at making Space Invaders or Pac-Man didn’t mean you’d be good at the next medium. Which is why the leading publishers of the arcade era didn’t lead in console, the console leaders don’t really thrive in mobile, or PC, or GAAS, and none in sandbox platforms like Roblox and Minecraft, etc. + +\*\*\* + +**(Q) Any time anyone hears “NFT”, all they think about are scam JPEGs and that it’s bad for the environment, and it seems to me like this will be a significant hurdle. What are your thoughts on how the bad press surrounding NFTs can be overcome? -** [**catsinbranches**](https://www.reddit.com/user/catsinbranches/) + +I agree with you. There’s a ton of scams out there. At the same time, there’s always scams at the next frontier. The Klondike Rush and rush to non-territorial West were real, but lots of fake shovels and deeds were sold. + +Many believe the cost ($ and environmental) will be solved. Solana claims their average transaction uses less energy than two Google searches. ZK and other L2 solutions are also helping. Part of the problem with, say, Ethereum, is that it treats every transaction like a $100,000 wire. There’s a reason Starbucks doesn’t ask for your zipcode, let alone your address and a signature, but the bank needs that and your ID. The intensity of a transaction should be commensurate with its importance. L2s and Zks do this by reducing security, processing time, etc, relative to their necessity. (And for what it’s worth, it’s not like going to bank to place a wire in person doesn’t have a very high allocated dollar and environmental cost compared to a $5 Venmo) + +\*\*\* + +**(Q) Out of all the companies who have taken the initiative to become a pioneer in the industry by ushering in the era of the metaverse through innovation and technology, which company do you think has had the best approach/execution thus far and why?** + +(A) Epic. They are relentlessly focused on finding ways to make it easier, cheaper, and faster for developers to build better and more lucrative experiences. To this end, they are more focused on the Metaverse’s GDP than their own revenue, knowing the latter will follow a thriving former. This is a brilliant thread [https://twitter.com/mikeBithell/status/1469657086678245376?s=20&t=pNwfGd5JguVP8SzlQ2UIvA](https://twitter.com/mikeBithell/status/1469657086678245376?s=20&t=pNwfGd5JguVP8SzlQ2UIvA) + +\*\*\* + +**(Q) Ryan Cohen appears to be extremely selective about his tweets. Why then do you think he chose to reply to you, knowing full-well the strength of the microscope lens he is under just from this community, let alone the bad actors and SEC? - mikekal717** + +(A) Not a clue, but the financial press tagged him into the post a lot + +\*\*\* + +**(Q) What would you say drives your interest in digital media? What did you find fascinating as a kid or young adult that led you down the path you’re now -** **- a\_blue\_ducks** + +(A) I’ve always been fascinated with technology and storytelling. I ran a BlackBerry reseller business on Craigslist while in grammar and high school, moderated Digimon websites and message boards, imported manga in the pre-Ebay days and loved Dragon Ball, Zelda, Metal Gear and all that. I try to build or write about the stuff I love and want to see. + +Finished up but more replies below! +This has been the longest year of my life. But somehow the shortest too. Anyway, I need this. My family needs this. My friends need this. Tons of my fellow apes need this and their families and friends need this. + +Christmas is right around the corner, rent is due, my car is on its last legs, I’m burnt out from the everyday grind of corporate wage slavery, and it’s starting to take a toll on my mental. (I’ll be ok 👍) + +But it would really be nice if this could happen soon. Whoever needs to hear this prayer, I hope it finds you well. + +Amen. +I work a standard 40 hour week in an office. 8-5 Monday to Friday. I'm not short on cash by any means and earn a decent enough wage, but I feel like I have a lot of spare time in the evenings that I could be using more constructively and maybe making a bit of extra money. + +I've tried googling things but all the suggestions don't really seem very suitable, especially living in the UK. + +So, what do you guys do? (If anything). + +Edit: Ok I'd like to clear some things up. I'm married, have a lovely home and a big bed that I share with my wife. I have hobbies and a campervan so I very much do take time to relax and enjoy my leisure time. We plan on having a family in the not-so-distant future so I just thought it might be a good idea to use a few hours of my spare time to prepare for that financially. +You can smell a shill from a mile away. Even when cloaked in the clothes of the superstonk community, acting like a supposed member of our community with the best interests of the community at heart, their style gives them away. It’s abrasive, aggressive, divisive, angry, upset. It’s all negativity, it’s all about fostering discord and disharmony. + +Guess what shills? We ain’t selling! +Why would I not max this out? I understand that I-bonds exist to simply keep up with inflation and if the S&P moons I have missed out, but this kind of no risk return is not something I have come across in my short time investing. The other side of the coin is the S&P could continue to struggle. + +Someone explain to me why I shouldn't throw my money at this. + +8.37% comes from 7.12% from the first 6 months and the calculated 9.62% for the second 6. +Here's the link https://www.dropbox.com/s/g8pzexm6ejbn1dh/finances2017.xlsx?dl=0 + +Hi guys, I shared this sheet a few times on here so wanted to help out again if anyone is interested. + +Notes on how to use the Sheet: + +* Each Row denotes a day, so you can keep track daily. I find it best to do that. I keep my receipts and at the end of the day I quickly add up the total for each category and put it in the correct cell (I also write a comment for each cell so I can remember what it was that I did with that money. ex: if I go out to lunch and dinner I add both totals in the Food cell for that day (=5.54+25) and then in the comment I write: Breakfast at Starbucks, Lunch at Slater's) + +* Column J is the monthly Totals. Halves breaks the month into 2 from the 1st to the 15, and from the 15th to the end of the month). + +* The Initial row in column N and O are there to put the amount of money in your Checking and Savings account that you have the morning of the 1st (take into account the money that has not cleared due to the holiday). + +* Column M is for the description of where the money comes. So if its from your employer you can Put WORK, if its from Taxes, you label it Taxes and So on. + +* Column N is for the actual income amount. So if your paycheck is $2,000 after taxes you write that down on the corresponding cell of the day you were paid. + +* Then on Column O, you can add anything that you pass to your savings account. So if your paycheck was $2,000 and are saving $500 of those, you put the $2,000 in Column N, and then the $500 in column O. + +* P18 holds a marker for the amount you have available in your Checking account, P19 shows your Savings, and P20 shows your liquid cash. I keep that near the month I'm on so I can quickly see this amount instead of having to scroll down the sheet and find it there (These are the same amounts as M370, O368 and M368, respectively). + +* The boxes labeled Net Gain in column P Show the relationship between the amount you spent that month with the amount you made that month. If its a negative number, you spent more than you made. + +* P25 is a rough hourly estimate of how much you are making per month (It's a left over from the days I was paid hourly. The 4.3333 is the 52 weeks divided into 12 months. Not the best but its supposed to be a rough estimate). + +* Row 368 gives you your up-to-date year totals in each category for the expenses. For the Income section it gives you your Total amount in Bank (Savings and Checking) and then Savings and Checking amounts individually. + +* the Monthly Payments section starting at B370, simple adds the defined amounts that need to be paid each month, settings a basic expenses monthly total. (this helps me see how much I spend over the basic things I need to pay for) + +* In the Income Section starting in L376 you can change the change the formulas in M377 and M378 to include your jobs' names. This goes with what you put in Column M and it keeps track for you of the income per source. + +* The section starting at B379 is the totals from column J neatly organized to see the month expense totals, average, minimums and maximums for each category. You can make some neat charts from this. + +* This year I added a new Net Worth tab to this sheet. I want to thank u/secondnameIA who inspired me to do this from [this post] (https://www.reddit.com/r/dataisbeautiful/comments/55wngb/ive_been_tracking_my_net_worth_for_7_years_xpost/). +How this works: at the end of the month I look up the amounts in my bank, the value of my stocks, hard assets (house, collectibles, cars, etc.), Retirement assets (401k, and any other sort of savings account for this purpose), and the debt I have on credit and add it to the specific month. This will figure out your net worth and give you some percentage data. (this section is still pretty new, but works fine for what I want) (also, for the house, I don't own a house [i put my guitars and lego collectables on this section] but I'm guessing if you do own a house/houses, you might want to subtract the mortgage amount from the value of the house but I'm really not sure how to go about it for this case) + +One thing to note: this chart does not take into account any expenses done with credit cards. I try to avoid those at all costs so I hardly ever have to worry about it. + +Let me know if you have any questions and I'll try to explain what the sheet does. + +I’ll admit it. I’ve always been a phone snob. I had to have the next newest iPhone every time one came out. I’ve also always been a service snob. If I didn’t have the name brand service it wasn’t good enough. + +Well, that all changed. My wife and I have started budgeting and trying to cut costs in places to start saving more and increase expendable income. This was a great place to start. We had the available funds to buy out our phones and have them carrier unlocked. Once that was done we switched to cricket wireless. I can’t speak for everyone but our service is BETTER now. + +Do your research and see if a prepaid service around you offers comparable coverage to what you have now. You may be able to save a bundle! + + +Edit: for clarity sake, this is for TWO lines. +$45 per line per month. Coverage is unlimited LTE and talk/text. 10gb LTE hotspot +We chose cricket because it gets the best service is our area as far as prepaid goes and because we were able to bring the phones we bought out of our sprint contract. Not every prepaid carrier took our phones. +Seriously, think about it. Take medicinal marijuana last year. Or llithium this year. It's big news for a while. Stonks go up and up for months. Khunts get FOMO. Jump on board. A few might make a profit, yeah. But then price tanks. It's basically a Ponzi scheme, and we're all supporting it. +I have to pay 6 figures in taxes next year. I am a new business owner. Business is going very well. I have the the money in a business account. + +My fear is that it will lose value do to inflation. + +Help? + +My ideas so far: +1. Leave it all in the bank, &amp; pay taxes with it next year + +2.Invest it into low volatility index funds. + +3. Invest into a dividend aristocrats + +4. Yolo GME calls. (This is a joke. I use humor to ease my stress) + +Thanks in advance for your help and support. +I am shaking while writing this, but I know that I need to suck it up and put it all out there. I've been struggling financially for the past few months and I am feeling so suffocated under all of this that I can't see a way out. I have been more stressed and anxious about this than anything else in my life. I could barely sleep last night, my heart beating out of my chest, knowing that I was going to type this post up and submit it today, asking for help/advice/suggestions/a way forward. + +I feel so overwhelmed I don't even know where to begin. + +First, some info about me: I am a 26 year old law student, in the middle of my final year of school. I go to school full-time, am a senior editor on the law school's law review, and I also work two part-time jobs (one is at Starbucks, the other is a legal internship for the federal government that limits me on how many hours I can work). I do about 12-18 hours at starbucks and only 4 hours with the government per week. On top of that, I am doing lots of post-graduation job searching, networking, applying, interviewing and other things to try and help me find decent-paying legal work after I graduate. I have little to no time formyself and It is *killing me*. I am stretched thin, tired, losing weight, struggling to keep up in school and on top of all this, I've always got money and my debt and my insufficient income to help me out on my mind.  + +I've tried reading some self-help financial books, but a lot of them seem to be geared more towards people who are already pretty financially stable, who need advice investing or saving for retirement, etc. I can't even begin to think about that right now. It scares me, freaks me out, makes my heart rate speed up. I am terrified that I've fucked over my future, because of stupid decisions and irresponsibility. + +When I graduate in the spring, I will have roughly $150,000 in student loans. That thought terrifies me. Currently, I have $17,931.87 in credit card debt. In late spring earlier this year, I opened a balance transfer card to send some of my debt over there, in the hopes of avoiding paying more interest on it. As you will see, that didn't come to fruition, and I've ended up gathering more debt since then... + +This has all accumulated on top of my student loans for a number of reasons: cost of living increased much more than I expected, unexpected car troubles/emergencies hit me that I was unprepared for, and during both of my summers in between years of school, I was working away from home, unable to sub-let my apartment, and without student loans in the summer to help buoy me, was paying to live in a different city for work while also having to maintain my apartment at home. I ended up being unable to save anything from either of these two summer jobs, had to rely on credit cards to just pay rent/utilities/travel expenses/etc., and now, here I am. Drowning in debt, suffocating, feeling like there is no end in sight. I'm not trying to make excuses, I know I'm in a deep hole and I need some help to get out of it.  + + +I am terrified. I am feeling so lost and helpless and ashamed. I'm depressed and suffering mild anxiety attacks, which has never happened before. I never thought this would happen to me but I don't know what to do or where to turn or what to even *start* doing now to fix anything. I hope I haven't ruined my life and my future. I need some help, please.  + +To help out, I've tried to outline my accounts, and bills that I know I will for sure need to take care of in the coming months. I don't get another student loan deposit till January. I don't know what to do, or where to begin, or how to move forward. I feel stuck and like there's nothing I can do, but I am motivated to try something to improve my situation. + +**Current Funds**: + +*Checking Account* - $4117.29 (The base of this is remaining from the student loans dispersed to me in August. I've got ~$350-400 coming in every two weeks, after taxes, from the two part- time jobs I am working. But it’s never a set amount.) + +Jan 1~ - *student loan deposits* ~$10,141   + +*Savings Account* - $600 + +**Current CC Balances / APRs / Minimums**: + +*Slate Card* - $1413.77 / 24.99% / $25 minimum + +*Amazon Prime* - $5003.19 / 24.24% / $145 minimum + +*American Express* - $6147.12 / 9.99% until 11/11, then goes to 20.24% / $117 minimum + +*Discover* - $5367.79 / 0.00% until 09/19/19 - used this as a balance transfer card for previous credit card debt :( / $115 minimum + +**Future Expenses/Bills**: + +Oct 20 - 150 due for total utilities + +Oct 28 - 465 for November rent + +Oct 28 -25 min for slate card + +Nov 6 - 117 minimum due AMEX + +Nov 8 - 145 minimum for amazon card + +Nov 11 - 115 due for car insurance + +Nov 14 - 115 min for discover + +Nov 20 - 150 due for utilities + +Nov 28 - 465 for December rent + +Nov 28 - 25 minimum due for slate + +Dec 6 - 117 minimum due AMEX + +Dec 8 - 150 min for amazon card + +Dec 11 - 115 due for car insurance + +Dec 14 - 115 minimum due discover + +Dec 20 - 150 due for utilities + +Dec 28 - 465 for January rent + +Dec 28 - 25 minimum due for slate +Long story short, I've been in talks to buy a house for 2 weeks and I keep flaking because the conveyancer wants more information from the certifier. She basically wants to know if the land is a filled lot before I sign. Also the bank estimate for the house came in lower so I might have to pay more cash up front for my LVR. + +Anyways the vendor is refusing to dig that information out for me (only they can access the information from the certifier) because they think I've been dicking them around for too long while I'm just trying to play it safe being a first home buyer putting my life savings into a house. + +Am I being too cautious? Im pretty sure the agent is losing her shit at me and the vendor is probably stressed to hell +It's not like I'm stopping them from selling it to someone else.. +Anyway now I'm worried they'll trash the place before I sign and move in + +Any advice? Is what I'm doing normal? Has anybody ever pissed off their agent/vendor + +Meanwhile the agent keeps saying if I don't sign thEn tHe HoUsE InSpecTioN on SaturDaY wiLl go ahEAD +After 9 years of operations they are losing 2 billion per year, and now they want to beg for money in the stock market so they can eventually achieve their grand vision for the future of working + +[https://imgur.com/gallery/lJNiVfc](https://imgur.com/gallery/lJNiVfc) + +Wework is in the business of coworking office space. According to deskmag.com, coworking is described like this: + +**“What makes coworking special? An important precondition of coworking is the exceptional situation of coworkers. They work mostly in self-determined situations: the majority are self-employed freelancers, or entrepreneurs with their employees, as well as an increasing number of employees of large companies”.** + +It sounds great, but….it’s been 9 years now. To lose 2 billion dollars in 1 year would be a huge blow to any company. Even Google or Amazon would feel a loss like that. Whats worse is that the concept of coworking hasn’t even been proven or widely accepted yet. We don’t know yet if it is more efficient (its not, common sense goes a long way sometimes). Anybody who has worked by themselves knows very few people can do it efficiently, and this is why the standard template of executive/manager/worker will never go away. Wework is still a unique idea that is worth trying out, but building 41 billion dollars of unique office space based upon this theory is insanity. It’s almost reminiscent of China’s highly inefficient BRI, where cities are built inland far from any water source and [Sri Lanken seaports go virtually unused ](https://www.straitstimes.com/asia/south-asia/inside-chinas-us1-billion-port-in-sri-lanka-where-ships-dont-want-to-stop). It’s all about that long term though right. + +&#x200B; + +Regardless of how inefficient the Chinese are sometimes, they make up for it with their 996 work schedule, and you could only imagine the reaction you’d get if you showed them some of Wework’s office spaces. How is our generation supposed to compete when this is what our idea of work is. Seriously? If this is the case, we are fucked! Better start learning Mandarin sooner rather then later. + +&#x200B; + +The problem with expanding a business before you even know it will work is……………………………..ehm…………………..what if your plan, that incredible all seeing vision of the future was wrong………..Or even better, what if ………things like………I don’t know………………change. + +&#x200B; + +Nobody knows the future, but history is replete with people that thought they did, and the result was always the same. Just because the concept seems like it will work, doesn’t mean it will, and that is why it is usually not smart to go all in at first. Like the saying goes, don’t put all your eggs in one basket, and don’t go all in at first, or start small then work your way up, but history will always repeat itself, and the reason why is because human psychology will always stay the same. Some of the greatest minds the world has ever seen have made some of histories greatest mistakes. They will make excuses, or look the other way, or in Weworks case, pretend some expenses don’t actually exist by inventing completely novel and unheard of internal accounting standards. + +We have all heard of EBITDA, and some of us have also heard of Adjusted-EBITDA, but have you ever heard of “Community-Adjusted-EBITDA”? Nobody has. Why? Because WeWork made it up! Not only are they innovating the world of working, but also accounting!! Genius! When you have no cash, just pretend you do and everything will be okay! + +[https://imgur.com/a/rSWao2R](https://imgur.com/a/rSWao2R) + +I guess General and Administrative Expense, a fundamental part of any normal business, just doesn’t count…I mean counting that would conflict with their core community vision right? Take a look at this video. + +[https://www.bitchute.com/video/d2OcUen5pFTp/](https://www.bitchute.com/video/d2OcUen5pFTp/) + +A normal business would cut growth to generate cash, or maybe even sell some assets, but because Wework is so devoted to their grand vision, and so sure it will work, doing this would be counter productive in their eyes. I mean, I guess you can understand their logic from that angle. If you know it is going to work, just find the money somewhere else, then wait for this inevitable growth to flatten out those wrinkles……..eventually…..someday……..it will work. It’s only 41 billion. Think of the market they are tapping. Everybody works, so the possibilities are almost limitless! + +For more on Wework, watch this great CNBC report. + +[https://www.youtube.com/watch?v=QJt8F7sNITc](https://www.youtube.com/watch?v=QJt8F7sNITc) +At first the agent asked why I wanted to do this and said it was a long process and wanted to talk to me about doing a asset transfer rather than a direct registration as it was easier. Told her no thanks, just the DRS. She had to call a supervisor. After waiting on hold for a few minutes, the agent came back and said it was done and that the supervisor said that the issue has come up A LOT, so fidelity has made the processes quicker and easier. +Buckled up. + + +Edit- +Seeing a few downvotes. + +Thanks for the awards +**Let me be clear - hedgies are dead... but they still have a strategy to survive... this post is trying to show you what I think their strategy is - Hedgies are dead... all of them because there are far too many longs and synthetics out there....** + +I have seen a number of funds with Long and Short positions on GME options. Most of the funds have a "call bias"... meaning... they are betting it goes up overall/in the grand scheme of things... + +**Hedge Funds Plan to survive short squeeze... Buy more calls than puts... buy GME... when MOASS happens try to outlast everyone else...** + +[Cutler Group with an Extra $600 million in the Calls... ](https://preview.redd.it/niwxfn9p7ul81.png?width=1309&format=png&auto=webp&s=c34e2f659c6309badb52fcd05fff84dbb8878d70) + +&#x200B; + +[CTC $83 million in the calls](https://preview.redd.it/4uku2n2z7ul81.png?width=1296&format=png&auto=webp&s=192aa8710159d01b6f3a8a741cc2aaa6039bc9fd) + +[CTC $55 million in the puts](https://preview.redd.it/g0jpaxm48ul81.png?width=1318&format=png&auto=webp&s=c59006bb01ad9c711d5b44b4ce596bb7eab408ae) + +[Capital Fund MGMT with a $13 million Call Bias](https://preview.redd.it/h0fmdynf8ul81.png?width=1310&format=png&auto=webp&s=a8a9b39490ac64387d1816e955bae7ece11f26af) + +&#x200B; + +[Citadel with $440 million in options and almost $18 million in GME](https://preview.redd.it/juputhlm8ul81.png?width=1309&format=png&auto=webp&s=eea805f6d9614ddd60559acc84a4352746b68788) + +&#x200B; + +[D.E Shaw with $4 million more in calls](https://preview.redd.it/jp0oz1ct8ul81.png?width=1302&format=png&auto=webp&s=0048d7e631084390e7e99471b7cec441ddf3c621) + +&#x200B; + +[J.P Morgan with more puts but owns lots of GME also... ](https://preview.redd.it/qammrgj19ul81.png?width=1305&format=png&auto=webp&s=3acc43e4d2f97d65b1f11a96e21605dba35e2cf6) + +&#x200B; + +[IMC CHICAGO with $130 million in options... ](https://preview.redd.it/ja83lf6i9ul81.png?width=1309&format=png&auto=webp&s=7ee10ed0e56169333b93df8fe8112c62dbb41268) + +**I could have kept going. I have noticed much more long positions for GME amongst hedge funds...** + +my theory is MOASS is around the corner - these hedge funds are literally trying to hedge out exposure for MOASS... If someone with a bloomberg can look at the expirations on these calls, that might give us a better time signal - + +theres nothing they can do - they are all dead - this is desperation - MOASS confirmed by new GME long positions appearing in the funds. + +they cant wiggle their way out of it - but thats what they are trying to do - remember they have a lot of synthetics off book - and those are much much much more short - even those this says net long thats just the legit shares - +Nobody's advice is going to perfectly suited for your personal situation. + +Given that, why the hell is there so much hate on MMM around here lately? There is a shit ton of practical information on that website, from the immediately tangible (how to save on grocery bills, utilities, how to start up aquaponics) and the philosophical (stoicism and FI, why saving is about more than just you, it's also your community and environment) as well as interesting perspectives on savings and value (making every $10 count, looking at the long term value of money save via compounding). + + +Sure sometimes he can come off as pompous due to his writing style, but not nearly as pompous as the people around here who enjoy shitting all over him for no clear reason. Can someone please explain to me why it's suddenly the "in thing" to bash his blog and his FI strategy, which has helped thousands of people turn their shitty consumerist lives around? + + +EDIT: instead (or in addition to) downvoting this post or my comments, please speak your mind! +My dear sweet apes - I had an insane idea last night reading all the GG posts (why do the craziest ideas come in the middle of the night?!?!?) ***What if we invited GG for an AMA?*** I am just a smooth brain ape that has no involvement with the AMA team, nor do I know anything about the process of AMA. I could be fuking nuts and this could be totally impossible, but crazy ideas bring on change, amirite? Wish I could make this post a poll, just to take the temp of the sub. There is a sliver of hope that this idea could work - the fact that he is on social media and MSM, addressing the same concerns - such as dark pools and short selling. IDK I could be fuking nuts. Just writing this feels absolutely insane. + +Ya, I could be totally off with this idea - go ahead and crush me for it - I will continue to buy and hodl. + +Taggin the Mods for them to see this ridiculous idea [**u/Bye\_Triangle**](https://www.reddit.com/user/Bye_Triangle/) [**u/jsmar18**](https://www.reddit.com/user/jsmar18/) [**u/\_Badtothebone\_**](https://www.reddit.com/user/_Badtothebone_/) [**u/ButtFarm69**](https://www.reddit.com/user/ButtFarm69/) [**u/Nauaf101**](https://www.reddit.com/user/Nauaf101/) **- Not sure which mods to even tag - left out the satori squad** + +edit - tagging [u/dlauer](https://www.reddit.com/u/dlauer) [u/atobitt](https://www.reddit.com/u/atobitt) [u/sharkbaitlol](https://www.reddit.com/u/sharkbaitlol) + +Edit 2 - Thanks for the awards apes! It seems that an AMA would be a little tricky, and the best idea would to be have a very structured educational session with GG - if anything at all happens. I truly love this sub. Excellent ideas, thoughts, angles to look at this.🦍❤️🦍🚀💎🖐🍌🍦🍌🍦🍌🍦🍌🍦 +"**Try to separate a man from his soul. You'll only strengthen him, and lose your own."** + +&#x200B; + +Hello once again, my beautiful dipshits! I find myself in a type-y mood this evening, so I might as well put it towards a bit more confirmation bias. But this wont be all feel-good vibes. I've gotta hit you with some realness as well, and I hope you'll be receptive to it. But first, a little more of that yeezus juice for your veins: + +&#x200B; + +You aren't market manipulators, gamblers, a "cult", or any other form of bullshit MSM or the shorts would have you believe. In fact, they're all holding back smirks as they try to paint you as the culprit when they'd do the exact same in your place. In fact, I'll wager one mooned GME share that Melissa Lee and friends are all long on this bitch. You've made arguably the most intelligent single play in market history, followed closely by the shorting of the British pound. And it fucking infuriates them. You little plebs from all walks of life, with your imperfect information, your memes, and....ugh, your HOPE. Disgusting. + +How could you possibly have found, understood, and capitalized on a decade's worth of education in a matter of months? How could you be holding through the wildest swings and the most extensive fraud the market has ever seen, defying "economic fundamentals" the whole way? As popular as behavioral economics have become in recent years, this is still unprecedented behavior. What good is buying "one more day" when the end result will ALWAYS be the same? How is it possible that NOTHING has an effect on diamond hands?!?! + +&#x200B; + +They've never understood, and never will. They haven't been through what you have. To them, the American Dream is still very much alive. How couldn't it be, when it was handed to them on a silver platter at birth? It takes a special kind of idiot to shirk your birthright, your easy path to easy paydays. To allow the shame and regret of what you're a part of wash over you completely and drive you down another path, rather than bottling it up and hoping it doesn't eventually kill you. + +\*waves\* + +To John Q Public, the American Dream is dead, and has been for some time. As I've said before, the proletariat is only complacent until they're not. History doesn't repeat itself, but it does rhyme. This boom/bust cycle has become steadily and steadily more egregious and offensive each iteration. And as wonderful wrinkly fuckers like /u/dlauer, /u/criand, and /u/atobitt have pointed out, this situation runs SO much deeper than just Gamestop, just "meme stocks", just individual stocks. This has pervaded every dark nook and cranny of the global economy, but especially here in the U.S. And for the first time in history, technology (as obscured as what we have access to is) is allowing us to expose it in real time. + +You'll see a lot of people pointing to '08, Overstock, or recent examples of FTDs being dragged out ad infinitum. And even though grandfathering was abolished after the Overstock situation, with the promise that it would never happen again, who knows what shorties might try this time around? They have access to all these tools and tricks and fuckery we don't, right? Well, yeah, but as many others have pointed out, there are simply too many eyes on this now. Everything they do or try is exposed here and on other social media platforms within hours. And yes, it would be the ultimate "fuck you", the ultimate kick in the balls, the ultimate sign to retail from around the globe to NEVER touch our markets ever again. + +But, believe it or not, the problems for our nation and our government run a lot deeper than just that. + +GME is just the tip of the iceberg. Don't get me wrong, it's a WONDERFUL tip. I can't think of a better example of fundamentals winning out over fuckery. Unlike a certain popcorn stock, there are wonderful, trustworthy, customer-focused professionals at the helm. Our Goliath nation has been holding open auditions for the role of David for quite some time now, and Ryan Cohen couldn't be a better candidate. However, as I've always urged, when you're talking about the likelihood of a scenario happening, you can't ever view that scenario in a vacuum. + +&#x200B; + +**What's Coming** + +Again, as the posters I listed above have pointed out extensively and thoroughly, what we're headed for is scary. Terrifying, even. We will see "the worst economic fallout since the Great Depression, and possibly even worse" (quote courtesy of Broviet Sr.). One is forced to consider the ramifications of letting (or even incentivizing) this to happen, versus what stands to be lost. + +Given the depth of the fuckery afoot in all corners of the market, GME will truly be a drop in the bucket, even if they're paying out millions+ per share. There's more toxic bullshit being traded back and forth than you could shake a stick at. The coming crash is undoubtedly going to disenfranchise and destroy millions of lives. '08 on PCP. Global devastation. So why, with all the other dogshit positions that must be addressed, would they care about making sure the lil ol' Gamestop rocket goes off as it should? + +Just ponder, for a moment, what a monumental pain in the dick it has been to pass just a couple measly stimmies. And even when we do manage to get them approved, they're for a paltry amount of money that does almost nothing to save the average drowning citizen. Yet since they are available to every citizen, even a paltry sum like 1200 bucks adds up to a massive payout. + +A GME mooning would cost the market and the FED the equivalent of a few stimmies. The difference is how that money would be appropriated. First, as has been discussed, the federal and state governments will get back half that can immediately be put to use staving off the disaster that is headed our way. But you have to look beyond just that. If you give a 1200 dollar stimmy to an apartment complex full of people...congrats, you've saved them a month of rent. If you give a GME hodler 50 million dollars, he can buy the damn apartment complex and turn it into a homeless shelter or soup kitchen, etc. + +The consolidation of tendies isn't inherently evil. It's only evil when consolidated by evil people. Any behavioral economist worth his salt could spend a week on Superstonk and tell you that, from a utilitarian perspective, allowing this squeeze to happen (and even forcing it to) is the absolute best thing that could be done for the average global citizen, given the fallout that's coming. This play not only gives the government a ton of cash to play with to address widespread economic distress, but apes will be helping them every step of the way. + +The alternative? Well, that's....much darker. You'd be talking about hundreds of thousands, if not millions, of disenfranchised, homeless, dead. And if that happens, Occupy Wall Street would be choosing a much less friendly verb this time around. + +&#x200B; + +&#x200B; + +**TLDR: I'm not sure how many of you even realize this, but your behavior is indeed "hyper-rational". People always talk about "not investing money you can't afford to lose". Well, when the alternative is losing the shirt off your back anyways, you tend to give far less fucks about that few grand you dumped into the one play that might save your family's lives. There is less than nothing that they can do to force you to paper-hand. It could drop to 20 dollars on Monday, and I'd have not a shadow of a doubt in my mind that 99% of you would be gripping and ripping right back to the promise land. There's nothing that can be done, and they're running out of time. All digging the hole deeper does is widen the prospects of what we can do for our countrymen (no matter where on Earth you are) once the MOASS does hit. The government/SEC may not choose to fuck Wall St outright, but if they've any sense at all, they certainly won't be stepping in on their behalf. It's okay to be "tired" or "scared". But you know damn well you ain't selling until you see a stupid number 😈** + +&#x200B; + +**STLDR: "I'm just bout that action, boss." -Marshawn Lynch** + +&#x200B; + +🙌💎🚀❤❤❤ +Recently Virgin Galactic had a successful test flight of its spaceship to the edge of space. This test flight will likely result in FAA approval for passenger flights and precursor to the Richard Branson spaceflight that is likely on his birthday on July 18th. + +https://www.cnn.com/2021/05/22/tech/virgin-galactic-spaceflight/index.html + + +Since then a hedge fund who is short on Virgin Galactic starting taking shots at Virgin Galactic, link below + +https://seekingalpha.com/article/4433159-virgin-galactic-holdings-inc-putting-the-zero-in-zero-g + +Why do you think they would do that? Is this common in the investment industry? What do you make of it? +*“Behind every great fortune there is a crime” – Balzac* + +This post is the collective narrative behind the plays on GME by large institutions. This will be a multi-part DD post gathered from excellent insights on this sub. As there have been no open confessions of these activities by the perpetrators (a la Bernie Madoff), or books that have yet been written, this will only exist as a **theory** with pieces of evidence to support where we can. It is designed to be high-level, approachable, supported by available sources where possible, and represent key players and interests as it relates to the events surrounding GME. It is incomplete. Where information cannot be confirmed, it will be marked as rumor or speculation and should be treated as such, but it should not be a rabbit-hole. It will be ongoing and require updating as well as contributions from you, outlined below: + +* \[] - request for link to relevant DD (DD posts or legitimate sources) +* /e?/ - expert insight requested (e.g. legal review – I’ll try to call out specific users that are known for their specialties on this sub) +* /R/ - further research requested + +(Setting expectations for the veteran readers of r/GME and r/SuperStonk: you will already be familiar with many of the terms, events, and points described in this first post. However, even if it is already familiar to you, I hope this post will still be a valuable summary and an easy introduction for anyone who wants to know more about the stock. Please feel free to contribute sources you might see are missing) + +*** +# Part 1: The Crime of Citadel + +$GME + +The current price of GameStop stock is artificial. In simpler terms, the price of $GME is **not** determined by normal market dynamics - supply and demand. This is because Citadel and others have been illegally manufacturing fraudulent shares of GME, abusing their special designation as Market Maker to profit their firms. The more straightforward term for their activity is *share counterfeiting*. Citadel & others have been counterfeiting shares of GME, profiting from non-existent shares, dumping fraudulent stock to lower the price, and abusing system lapses to hide their activities. Their scheme that has grown wildly out of hand and now threatens to wipe out many more firms in the market due to their risky behaviors. + +#An overview of the mechanics of this scheme: + +**FTD** (for **F**ailure **T**o **D**eliver) – a key term to understand + +1. FTD is a standardized term for a delay in delivering a share that’s been purchased. *In the context of Citadel, an FTD represents a counterfeit share.* +* In the US market, a share can be sold regardless of whether or not it actually exists. The financial system accepts the transaction at face value so that the buyer can continue trading. +* The delay in delivering a share is meant to be temporary... +* ...but for Citadel’s case, they never had the share they sold; they abused their position to “sell” something they didn’t have. +* Outright share counterfeiting is highly illegal, and one of the financial crimes that [carries prison sentences](https://www.criminaldefenselawyer.com/crime-penalties/federal/Securities-Fraud.htm) +* For Citadel to perpetrate this crime, they needed to hide it among their transactions and appear legitimate (FTD’s can be legitimate, and enforcement is subjective “[*...will depend on the facts and circumstances of the particular activity*](https://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm)”) + + +#Citadel’s Scheme, Part 1: Create a Share, Legitimately + +1. [Citadel](https://en.wikipedia.org/wiki/Citadel_LLC)’s activities are recognized as a [“bona-fide” Market Maker](https://www.mmlawus.com/newsitem/alerts/larry-bergmann-addresses-regulation-sho-and-bona-fide-market-making/), an industry designation which allows them special authorities and responsibilities. +* One of their special authorities is to “create” shares in the marketplace as part of their role of providing liquidity. (“Liquidity” is finance speak for – “keeping the shelves full with the stocks people want”) +* Citadel is allowed to execute transactions without owning the share – i.e. Market Makers can temporarily “create” a share from nothing – with the understanding that it is illegal to manufacture shares for their own profit. +* This “temporarily created share” is recorded as a “short”: designed to be sold to the marketplace then bought back within a brief period of time, to prevent an enduring non-existent share in the marketplace. +* “Shorting” is also a common practice of borrowing a share from someone else’s account. The borrowed share is sold into the marketplace, and ideally bought back at a lower price and returned to the account (many financial companies do this legally, Citadel included). +* Both traditional shorting and “bona-fide” market maker shorting creates a “legitimate” non-existent share – temporarily. Again, the non-existent share is meant to be a placeholder until a real share is delivered. +* If the share is out in the marketplace long enough without being repurchased, the share is flagged as an FTD – failure to deliver – since there was no *actual* share delivered. If it is never reconciled, it becomes counterfeit. + +#Citadel’s Scheme, Part 2: It’s Only Illegal If You Get Caught + +1. The process of determining an FTD is technically complex. There are regulations for the amount of days which need to pass [before a share is declared an FTD](https://www.sec.gov/investor/pubs/regsho.htm). +* Additionally, *AFTER* a share is delcared an FTD, there are additional times allowed for counterfeit shares to to be rebought, with even more time allotted for Market Makers to do so. +* But once the allotted time passes and the delivery is still failed, the party at fault is subject to enforcement measures. +* The enforcement measures are weak – [small fines levvied far after the violation](https://financefeeds.com/citadel-securities-fined-275k-reporting-violations-700k-fine-2020/) (generally for less than the profit made from the activities)... +* ...and it is difficult to track. Individual shares may trade dozens or hundreds of times per day, and there is no way to follow the path – or origin – of each individual share. +* So the “counterfeit” share is logged against the overall pool of shares, not knowing which particular one is non-existent. But the contracts for the sale remains on the books of the parties involved. +* And while enforcement agencies are not interested in small volumes of counterfeit shares or low cost shares, Citadel has been manufacturing millions of fraduluent shares at a price of hundreds of dollars each, getting away with it under the guise of “bona-fide” Market Maker activities that have yet to be settled. +* However, any company with a “short” position on their books will retain the debt of the counterfeit share for the duration it is on the market… + +#Citadel’s Scheme, Part 3: Take the Money... + +1. Once the counterfeit share is sold and becomes an FTD, there are several options for addressing the FTD. +* Buying a share in the marketplace is the primary way of closing out an FTD. This also closes out the “short” position that is on the seller’s books. +* A second way to close an FTD is when the price of the stock goes to $0, and the stock gets de-listed. This voids *all* of that company’s stock, including the fraudulent shares. [] The FTD problem simply goes away with all of the other stock. +* **For a party engaged in the criminal act of counterfeiting shares, their main interest is in avoiding consequences of FTDs - not getting caught. They intend to sell shares they never have and never pay for them.** +* Paying for shares from the marketplace is undesirable to Citadel, not only because it increases costs (“the cost of legitimacy”), but also because the price of shares could go up and make the transaction a loss. +* Flooding the market with shares also has the added effect of dropping the price of the stock, because the market is overwhelmed with supply... +* ...and if the price goes so low that the stock gets de-listed, the “debt” of the shares on the seller’s books becomes a writeoff, which they will enjoy a tax benefit from []. +* **So bankrupting copmanies is the most desirable outcome from share counterfeiters.** The targeted company is an unfortunate casualty, chosen for its ability to be shorted into bankruptcy. +* **This is the first part of Citadel’s scheme: target a company, flood the market with counterfeit shares, drop the price of the stock to $0, walk away with the profits from the counterfeit shares, and enjoy the tax writeoff.** +* Note: Short positions are not publicly disclosed, and a company’s banruptcy closes all positions, so tracing these activities to Citadel is extremely difficult. These activites can happen entirely behind closed doors and leave little evidence in the public marketplace. That is what this sub has been working with: trace evidence of counterfeiting activities in the marketplace. + +#Citadel’s Scheme, Part 4: …and Run + +1. Profitably closing an FTD (either via bankrupcy or repurchase) requires one thing: **the price of the target stock to go down.** +* In this case, **the $GME stock price went up** during their scheme. +* This caused Citadel to find an alternative to closing the FTDs. So perhaps as a temporary stop-gap, or perhaps as a last resort, Citadel chose to **perpetuate FTDs without closing them** - they would keep the FTDs ongoing as long as they could, never getting caught, until circumstances let them exit their position. Hiding until they escape. +* Since FTDs are reported by *time*, Citadel figured they could reset the “timer” to avoid getting caught (very similar to floating credit card payments). They could do this two ways: +* First, they could short the traditional way – borrow or acquire a batch of the shares from an exchange or *dark pool* (an off-exchange trading room), and then turn around and close their FTDs. Those new shorts would later become new FTDs, but it would give them a few days. +* Second, they could counterfeit additional shares. While it is uncertain if it was possible for Citadel to use counterfeit shares to close out FTDs [], their releasing more counterfeited shares into the marketplace let them easily borrow or buy the shares back, then turn around and close out the FTDs. Again, shorting gives a few more days until thes counterfeit shares became FTDs. +* Citadel could reset FTDs like this continuously, never running into the enforcement limits without being able to reset the FTD timer again. +* This would also keep the marketplace full of shares - normally a desirable outcome. But in the interest of their counterfeiting scheme, keeping an abundant supply of shares in the marketplace also keeps the stock price low, the availability of additional borrows high, and the interest on the borrowed shares low. +* And if Citadel was worried about availability, they could also re-borrow the share they just sold (i.e. borrow from A, sell to C, then borrow the same share from C – a process known as “rehypothecation”) – a legal practice. + +#Citadel’s Scheme, Part 5: But at what cost? + +1. The cost of resetting the FTD timetable – “kicking it down the road” – is twofold: +* First, there is a daily interest paid on every shorted share Citadel has. The interest rate is decided by the lending organization, and is related to the price and availability of the share to be borrowed. [] +* Second, for every short Citadel left open, the debt of that share remains on their books. As Citadel shorts more shares and as the price of the shares went up, their overall debt increases. If the debt gets too large, Citadel would potentially be “margin called” – their debtors would force Citadel to pay up. [courtesy: u/atobitt - [Image of Citadel's 2020 "securities sold but not yet purchased"](https://preview.redd.it/83uepbgudqm61.png?width=829&format=png&auto=webp&s=7c8b1f1475be0cf61d55f87e29fd282c45833b3c)] +* It is unknown when or how large their debt must be before Citadel is margin called.[] +* Additionally, due to Citadel’s activities it is difficult to know what a *legitimate* short term debt is on their books, from their legitimate activities, or what a fraudulent debt is from their counterfeiting activities. +* But by using a legitimate function to hide their scheme, they can achieve the illegal results – selling shares which they don’t have and never intend to deliver. +* Citadel’s activities also pose an extreme cost to the system. Fraudulent shares circulating in the marketplace means investors may become unsure that their shares are legitimate. Or investors may become unsure that the price of the stock is a reflection of legitimate supply and demand, but is instead artificial – lowered because of a surplus of fake shares. + +*** +Addtional reading: u/atobitt 's - ["Citadel has no clothes"](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/) +u/canhazreddit 's - ["It's painfully obvious that when GME has a ton of FTDS, they're immediately reversing them with their hedgefuckery."](https://www.reddit.com/r/GME/comments/mijfq9/its_painfully_obvious_that_when_gme_has_a_ton_of/) +*** +**TL; DR & Summary:** +Citadel has been perpetrating a crime – illegally counterfeiting shares into the marketplace in order to profit. They are selling shares they don’t have and never intended to deliver. Citadel has been using their designation as a Market Maker to cover their activities as well as continue to counterfeit shares. This poses an increasing risk to their own business and moreso the overall market. + +Edit: u/Vipper_of_Vip99 smartly recommended updating the bullets to numbers. + +*** +Final note: here is an excerpt on Bernie Madoff from the [Madoff Investment Scandal wiki](https://en.wikipedia.org/wiki/Madoff_investment_scandal): +>At one point, Madoff Securities was the largest buying-and-selling "market maker" at the NASDAQ. +> +> In 1992, The Wall Street Journal described him: +> +>*... one of the masters of the off-exchange "third market" and the bane of the New York Stock Exchange. He has built a highly profitable securities firm, Bernard L. Madoff Investment Securities, which siphons a huge volume of stock trades away from the Big Board. The $740 million average daily volume of trades executed electronically by the Madoff firm off the exchange equals 9% of the New York exchange's. Mr. Madoff's firm can execute trades so quickly and cheaply that it actually pays other brokerage firms a penny a share to execute their customers' orders, + — Randall Smith, Wall Street Journal* + +And here is an excerpt from [Citadel's wiki](https://en.wikipedia.org/wiki/Citadel_LLC#Citadel_Securities): +>Citadel Securities automation has resulted in more reliable trading at lower costs and with tighter spreads. [...] Citadel Securities is the largest market maker in options in the U.S., executing about 25 percent of U.S.-listed equity options volume. According to the Wall Street Journal, about one-third of stock orders from individual investors is completed through Citadel, which accounts for about 10% of the firm's revenue. Citadel Securities also executes about 13 percent of U.S. consolidated volume in equities and 28 percent of U.S. retail equities volume. +Title. Unable to link the news article that reminded me. + +Equifax is offering a 6-month credit monitoring or $125.00 cash payment as part of the settlement. You can also file a claim if your identity was stolen as a result of the data breach. + +If you are unsure if you were impacted by the breach, I encourage you to visit the site to check anyways to make sure. + +Again, tomorrow (22 January 2020) is the last day to file a claim. + +EDITS BELOW: + +Edit number 2: Messed up the link + +equifaxbreachsettlement.com + +Is the website. Towards the bottom is the link to see if you have been impacted. + +The sum of $125.00 is not the sum you will receive if you decide to take the cash payment. It will only be a fraction. Others have said the credit monitoring is for several years and not just 6 months. If you do take the cash option in the settlement, you must first prove you currently have credit monitoring set up. +&#x200B; + +https://preview.redd.it/spm73itvggh71.png?width=619&format=png&auto=webp&s=6dddfe62bbbec981bc4f862750811f30b05e00e6 + +Duties (per job description): + +* Data entry and bookkeeping via our Xero accounting platform +* Preparation of Sales, Cash Flow and Expenditure Reports, Profit and Loss Statements & Trial Balances +* Accounts Payable & Accounts Receivable +* Bank Reconciliations +* Preparation of Business Activity Statements and Tax Statements for the ATO +* Assisting with general administrative duties as required +* Aside from these traditional accounting functions, you will also have the opportunity to participate in and contribute to building and developing solutions, systems and processes to support the business growth. + +&#x200B; + +Link [here](https://www.linkedin.com/jobs/view/2679798524/?refId=ChgNpwu62ep1z7Q3nOfInw%3D%3D&trackingId=0iK8qfCVehn12YJTwWIyJQ%3D%3D) to job advertisement. +**Business Model and Prospects** + +* Understandable, simple and predictable business models. Must easily find how they are making money and what their product/services are. +* The business must be currently profitable. +* The way the business makes money is sustainable in the long-term and will be fundamentally unchanged. +* The business must remain relevant in the future by providing a good product or service to answer demand from consumers. +* Main demographic and consumer base should be the average everyday individual. The business must have a form of consumer connection and build brand loyalty. +* Includes integrated and forecasted supply chains to deal with supply issues. (Not as important) + +**Competition and Risk** + +* Must strive to dominate. The business must continue growing to control market share. +* The business must build high barriers to entry to keep market share away from well established and new competitions. +* The competitive advantage/moat must be sustainable and is intrinsic to the business. A small and new business that is moated could compete with bigger brands. +* Limited exposure to extrinsic risk that will affect the business. +* Long-term economics is favorable to the business. Supply is limited while demand is growing. + +**Management** + +* Good governance and management. +* Operated by honest, hardworking, adaptable, and competent people. +* Management must have a good track record and reputation. Must have industry and business experts. Must do what it takes to improve their business. +* Stock buybacks and clustered insider buying especially with top management is favorable. Insider selling is a red flag. + +**Ratios and Measures** + +* PEG +* ROA +* ROC +* EBITDA +* EV/EBITDA +* High net profit margin +* Consistent revenue growth and earnings +* Free cash flow generative +* Strong balance sheet with valuable assets. Also account for off-balance sheet items +* Outside capital is not needed to run the business as the needed capital is provided by the business’s profit. +* Good equity to asset ratio. Low debt to equity ratio + +Some companies I looked at are SBUX, AMD, ETSY, BAC and CROX, some metrics are off but I like the fundamentals. I enjoy looking at growing companies in growing/in-demand industries that can eat away bigger names but also looking at the dominate companies that have space to expand due to demand . I really don't care of market cap. + +Basically would this work? How efficient is it? What type of investor am I? Any advice and fixing? +Curious to hear opinions on the importance of consistent share buy backs. I was taught that it's an important metric, as you don't want your current holdings to become diluted assuming you are a share holder. + +The reason I ask is because I'm having a very hard time finding a REIT that practices consistent share buy backs. Perhaps this is industry related. I understand that real estate often times is a "debt heavy" industry. Continuing to issue more shares is another avenue to raise capitol and perhaps avoid accruing more debt. As a potential share holder, this makes me think twice. + +Am I paying too much attention to this metric? +Ether fell below its 2018 bull run peak of $1,440, touching $1,423 and that's some really blood red for quite a number of traders and investors. + +That's about 70% below its November ATH of $4,878, and that's about 13% down in just about 24 hours. + +Yea, I know Ethereum isn't going to fizzle out like some other altcoins, and Ethereum has a merge upgrade coming soon which is its full transition to become a proof-of-stake network just like Cardano, Zetrix and BNBchain. + +But considering that the market is in a bear, how much dip should we expect from Ethereum, and could the Upcoming merge cause a turnaround for the price of ETH? + This is purely speculation. Some of this will be talking about the world outside of cryptos - specifically other markets, equities, and a bigger picture. If that's not allowed on this subreddit, totally understood, but I thought I'd bring an outsiders perspective to this, since I am utterly unsurprised by the events of the day and have been expecting this (or something like it) for some time. + +This is not meant as financial advice. Do your own research. Make your own decisions. If you think I’m right, great! Act on it. If you think I’m wrong, great! Act on it. Do your own thing. I'm just some guy on the internet, and my opinions are about as valuable as a guy spinning a sign on a street corner. + +Finally, this is not intended as a FUD post - if you come to the same conclusions I have, there will certainly be fear involved, but hopefully no uncertainty or doubt, and you can make decisions that lead to healthy financial outcomes for yourselves and loved ones. I’d like to post a TLDR that everything is going to be okay at the end, but I don’t necessarily think that’s going to be the case. I think scary and volatile times lay in our immediate future. I have no crystal ball, and whether that's tomorrow or 3 months from now I don't know, but I think we're facing choppy seas. + +I believe we're about to see a major market correction, and the volatility in cryptocurrencies is just the beginning. I believe this will hit every sector of the economy, from housing prices to the value of the USD. I believe cryptocurrencies in particular will see extreme volatility, both in a downward trajectory and later, an upward trajectory. + +Here are some core premises this speculation will be based on. + +1. Cryptocurrencies have not yet found a price equilibrium that reflects their ultimate value. Currently, they are a speculative asset. + +2. Despite not having to file their positions on their 13F forms, hedge funds and investment banks are very much involved in cryptos. + +3. Cryptos are a relatively unregulated market, which makes pump and dumps a much easier prospect. + +4. In their current form, cryptos have not achieved any real detachment from the US dollar. Meaning, that when the market goes up, cryptos go up, and when the market goes down, so do cryptos. Their promise of breaking from the USD an becoming an intrinsically stable currency appears to not have matured for the moment. + +Here are some ancillary premises. + +1. In order to shore up the economy during covid, the government did a few things: it started loaning money at 0% interest like crazy, and it reduced collateral requirements to increase liquidity in the marketplace. + +2. Collateral is heavily rehypothicated right now. An example of this goes as follows: company A has a 20 year treasury bond. It’s keeping it on its books as collateral to meet its margin requirements so that a lender will give it money to invest on margin. Company A then proceeds to lend that treasury bond to company B. Company A keeps it on its books though, because they can recall it as collateral any time they need to in order to meet their own collateral requirements. B now goes to a lender and says “hey, I have this treasury bond as collateral, will you lend me some money?” This process is repeated several times, until you eventually have an absolutely massive amount of margin being lent out on a single treasury bond serving as collateral. Go take a peak at the repo market. People are literally paying borrow US Treasuries to hold as collateral because collateral has been so overleveraged. + +3. During Covid, the economy has suffered. unemployment is up, supply chains have been stressed, companies have been going out of business, and savings have actually gone up for the lucky people who have been able to hang on to their jobs, and they're not out spending money. This has lead to an abnormal situation in which the stock market, which is typically (at least loosely) tied to the economy and goes up or down in tandem with the economy as a whole disconnecting - meaning that while the economy is doing poorly, the stock market has boomed to a new ATH at an unprecedented rate. + +4. Margin debt in the financial markets has seen an enormous spike in the last year. The market as a whole is extremely leveraged - which means that small events can have enormous impacts, and wider market implications. + +And finally, here are some more speculative premises. These concern what I believe is, and will be the catalyst, and the hope for crypto in the future, but they're not essential for the argument that the market correction is imminent. + + + +1. Naked short selling is an enormous problem facing the US financial markets. To understand why, it's important to understand the difference between short selling (locating and borrowing a share, selling it, and promising to buy it back later on the hopes of a lower price), and naked short selling (creating a synthetic share that was never issued by the original company and selling it). +2. Naked short selling has long seen lax oversight by the regulatory agencies. Through a series of revolving doors and allowing the markets to run their own regulatory agencies, this enormously profitable business gets a blind eye from the regulators tasked with stopping it, because those same regulators are ultimately also the ones who profit from it when they move back into the private industry. +3. Naked short selling is the financial equivalent of creating a counterfeit share, selling it for profit at the cost to the shareholders and company, and having 0 intention of paying it back. This tanks company value, and effectively steals value from actual shareholders. It has been used for decades to drive companies out of business. Occasionally, you get a company like Overstock that beats the odds and sees a short squeeze followed by a share price resurgence, but it frequently results in a company going out of business. +4. Naked short selling can be hidden in a variety of ways. While people frequently turn to the short interest as a way to examine how shorted a company is, there are a variety of methods that market makers can employ using options chains to create FTD's (shares that are a failure to deliver because they never had them in the first place, and never intended to find) and then recycling those FTD's ad-infinitum until the targeted company goes bust. +5. When Covid hit, several hedge funds, banks, and market makers decided which companies they were going to short into oblivion, and profit off of their demise. They picked companies that would in theory be particularly hard hit by a reduction in customers that were used to entering a physical location. +6. For many companies, those efforts failed. The companies did not go out of business, and these Hedge funds and market makers find themselves in a position where they cannot close their positions, they are losing money every day. The two most well known companies in this position are AMC and GME. +7. Shorting a company exposes the short position to infinite loss. +8. There has never been a perfect storm of a short squeeze as GME. AMC may squeeze to a lesser extent - but it has no where near the amount of shorts that GME does. +9. There are a variety of catalysts that can cause GME and AMC to squeeze. Contrary to common opinion, the surge in share price in January and February was due to what's called a gamma squeeze, not a short squeeze, and the shorts have not covered. + + +Which brings us up to today. I believe that multiple hedge funds and market makers are in very deep on their short positions, and that they are fighting on a day by day basis at this point to stay solvent. I believe that if the US financial market is the overloaded and unstable Jenga tower, these companies are the live hand grenade placed on top of the tower, and have had the pin pulled. + + +However, whether or not they're the catalyst is relatively unimportant in the overall picture - the markets are over leveraged on crazy high margin right now either way. There was a liquidity test last week, and the results were not published, but the markets have been...sketchy at best since then. Because of how over leveraged the market is, I believe that virtually any hedge fund that gets margin called is too big too fail, because it's walking on that much of a knifes edge. And when it comes down, it's going to take everything down with it, from the real estate market (both commercial and residential). I believe that speculative assets in tech and crypto are going to be particularly hard hit. The house of cards is staggering like a drunk man that just got hit in the head, and doesn't know that he's bleeding internally and about to die of an aneurysm. + + +So why did Crypto across the board see such a huge (and similar across different currencies) dip followed by a massive rebound? Because as a largely unregulated asset, it's extremely ripe for pump and dumps. Hedge funds can use it to inflate their assets on paper and get access to margin. + + +And I believe that yesterday they got margin called. GME has been sitting above what the speculated margin call price should be for a day or two now (although nobody is certain what the exact price is at the moment, the speculation is between 170-180) and their lenders were demanding better collateral than the crypto they had on their books. When you get margin called, you have some time to come up with the required collateral before it's considered a default and your broker starts liquidating your positions. I believe they met their margin requirements this morning, managed to hold off default for another day, and immediately started pumping crypto again. They simultaneously shorted GME down and dropped the price from $180 to $165, thus probably lowering their margin requirements as well. + + +Again, I can't stress this enough: while I believe that GME and the hedge funds and market makers massive short position is involved, the argument that a bunch of hedge funds got margin called yesterday is not dependent on that - the market has been dipping the past few days, and it could simply be a matter of being over leveraged and seeing a few red days in the market that caused a margin call. All of the people all over the world that have been buying GME at unprecedented rates for the past 4 months could be totally wrong. But even if they are, this crypto dump still has the looks of a margin call. Both BTC and ETH have dropped over 50% from their ATH this morning before the rebound. The timing of hitting their low points 3 minutes before OCC-007 (which raises collateral requirements for the month) came into effect seems telling to me that somebody was really close to going under. + + +And I believe that this is the first of many margin calls, and eventually, somebody is going to default, and the dominos will begin to fall, leading to a massive market correction (or collapse, depending on how you want to look at it) that leaves everybody hurting bad. + + +What happens next, and how I personally plan to respond is more up in the air. The Fed can respond to this in a variety of ways. They can opt to fire up the printer and start devaluing our currency to try and buy our way out of debt with a worthless USD, or they can opt to embrace the pain and raise interest rates and create a few decades of pain and stagnation while we dig our way out of a deep depression through long term austerity. Whether or not I (and everybody else betting on the GME thesis) are right will also play a big role in what happens next. If we are correct, it's going to create what is essentially a black hole for liquidity in the markets, as money flows out of the hands of the wealthy and leaves big reliable blue chip companies, and moves into the hands of GME holders. If that's the case, money is going to be flowing into the hands of people who have a deep, deep distrust of the US financial system and the regulatory agencies, and I anticipate a massive boom in crypto's as people look for places to store their money outside of US financial market control. If my speculation is correct, we'll see bitcoin hit the teens (or maybe even single digits) before they begin to climb back up, and we'll eventually see surging and setting new ATH's in the near future afterwards, and a similar story for ETH. I'm less certain about the less well known coins - my assumption is that they will not see nearly as much of a rebound as BTC and ETH, but who knows. + + +If the GME thesis is not correct, but the economy does crash and the fed Fed fires up the printer, I still anticipate a huge rebound in crypto - it is, afterall, still ripe for pump and dumps, and at the end of the day, it is in theory a pretty good place to store value in an inflation resistant location. + + +If the Fed opts to raise interest rates and embrace deflation over at the opposite end of the spectrum though, than cash will be king and crypto will be utterly screwed for the next 5-10 years I'd bet. If hyper inflation is a great way of turning a Weimar Republic into a Nazi Germany, deflation and austerity are a great way of turning into Greece. Neither are great options though. Hopefully some smarter people can come up with something better. + + +TLDR: If the market crashes, which is very likely, Crypto is set to take an enormous dip with it. Every hedge fund that's dipped its toes in is going to dump it like a hot potato, and if you thought it dipped fast this morning when it dropped over 20% in an hour, what comes next will make your head spin. But for now, they met their margin call and live to fight another day. Eventually though, somebody is going to trip and the economy is going down with them. And when that happens the Fed will be forced to embrace either inflation or deflation, and I expect Crypto to rebound if they choose inflation. Additionally, if the theory of GME turns out to be correct, there's going to be quite a few new millionaires with money burning a hole in their pocket to be spent, and they'll be looking for speculative inflation resistant assets that are not subject to corrupt US regulatory agencies. There's always the possibility that over the next few months, companies slowly manage to deleverage and increase their collateral without causing a market wide panic for the exits, and simultaneously the GME theory of everything is wrong, and the markets continue largely as they have been now. + + +Whatever the case, I believe it's going to be a bumpy ride with more volatility in the near future, and I wish all of you the best. Good luck to everybody. +My parents are immigrants who never really became financially savvy and worked low paying jobs their whole lives. My father is living off disability because he had a stroke a few years ago and my mother has stopped working and is living off cash my grandfather gave my parents before he died. + +They have no mortgage and live in a pretty affordable suburban town on the East Coast. However, the house they live in has 3 judgements on it from the 1990s (my father had a failed business and couldn’t make his credit card payments… we were able to stay in the house because of the homestead rule that says you can’t take someone’s house if it’s their sole residence). + +Anyhow, my parents are frugal but just bad with money. They never learned to invest and have no savings. + +I inherited my grandfather’s house and it’s worth about two hundred and fifty thousand as is, but worth more if updated and renovated (contractors in the area are quoting around 40K for a full renovation). + +How can I use the house to fund my parents’ retirement? Would it be wiser to rent it out and build equity or to sell it and put the money into Vanguard index funds and bonds for them? Furthermore, I’m not sure how I can put a huge chunk of cash into a tax advantaged retirement account for them as neither of them work anymore…. Not sure if my mom plans on working again in the future, but I advised her to start a Roth IRA and max it out for herself and my father if she works / had taxable income in the future. But the annual contribution limits are quite low and there’s not much time for their money to grow. +How are you currently mitigating life risks, or thinking about mitigating, to reduce various risks for you and your family? Think 'estate plan' but beyond that, what do extremely wealthy people do? Would also love to hear unconventional things regardless of whether it's cheap or costly. + +I can start (NW $8M). I've done many of the following: + +&#x200B; + +* Health + * Whole body MRI to catch potential cancers while it's early and more treatable. Just had my closest childhood friend ($100M+ NW and in early 30s) diagnosed with late stage cancer, devastating. [Podcast from Dr. Peter Attia](https://peterattiamd.com/rajpaulattariwala/) + * VO2 max test since there is a crazy strong correlation (and likely causation) between VO2max and all-cause mortality. [Podcast from Dr. Peter Attia](https://peterattiamd.com/ama27/) + * Getting a safe car - for youngish people car accidents are one of the highest probabilities of death + * All the standard stuff: standard blood panels yearly, good nutrition, 8 hrs of sleep +* General risk reduction strategies + * Get a second permanent residence/citizenship outside of the U.S. Haven't done this one but been musing about it, who has done it here? + * Estate plan + * Emergency water and other supplies for 2 weeks +* Finance risk reduction + * Umbrella insurance + * Question: Are other non-home/auto insurances worthwhile when you are $5M? If so, which ones? + * 529 college savings plan & education savings account when my son was born (this is less of a risk reduction but more of a hack that few know about) + +Edit 1: + +a) Thanks all for your own ideas and comments. The goal of this thread was to really hear from you all to see what other "financially sophisticated" folks are doing since only in the past year did I do 90% of what I mentioned above. In other words, I still feel like I don't know what I don't know in certain areas especially in things like tax havens. **If you are fatFIRE, or just have a solid idea to add, please contribute below on what sort of unconventional, but wise, things you would do or consider.** + +b) I saw a lot of comments about exercise and my lack of mentioning in my original post. I had only mentioned things that I thought were incremental $ and/or unusual but worthwhile things to consider. Exercise is a must and I completely agree you should be doing it before considering a VO2max test. I do 3 hrs of zone 2 cardio training and 0.5 hrs of high intensity interval training per week. In addition, I do pushups, pull-ups, squats, lunges, and a whole host of stability work. However, more than half of Americans don't exercise and one could argue that for a minority of those people, doing a VO2 test could shock and motivate them to start an exercise routine. I've heard the same goes for calcium artery scoring tests, it can motivate you to get your health #$%% together. + +&#x200B; +I’m 41 my partner is 30, we have been saving our money and recently hit 22k in our savings account. I’d like to invest in something however I am completely ignorant to money and anything financial. Any advice on how to grow our money safely? +[https://bitinfocharts.com/comparison/dogecoin-transactions.html#alltime](https://bitinfocharts.com/comparison/dogecoin-transactions.html#alltime) + +This is why DOGE was nothing else than FOMO and viral investing. This is why DOGE will fall from the Top10. Will it come back? Sure, after crashing to 1 cent, the viral cycle can start again. And it will be temporal again. + +15474 transactions. The lowest in almost 4 years, in the middle of a bull run. We had 20-30k transactions in 2018-2020, during the crypto winter. + +How many transactions other chain process? + +* Cardano 80k +* Bitcoin Cash 100k +* Litcoin 150k +* Avalancha 170k +* Bitcoin 250k +* Tezos 300k +* Ethereum 1.2M +* Algorand 1.3M +* Fantom 1.5M +* Polygon MATIC 5.5M +* Binance Smart Chain 9M +* Solana 15M (not counting votes) + +Most of these chains are doing transactions not far away from their ATH. DOGE ATH happened in 2013. 8 years ago!! after that, it had 8 Pumps and 7 dumps. The 8th dump is happening right now. The code is a fork of a fork of Litecoin done in 2013, and it hasnt improved sifnicantly since then. It doesnt have the throughput to be a global payment system. Elon just loves the attention and the marketing points. After being in the media so long time, adoption decreased. Investors multiplied by 10, by almost none of you are actually using it, just investing for the profits. + +Invest as you will, just be aware, that those funds could be lost. Don't invest more you can afford to lose. + +PS: Why do I attack DOGE? Because I think it's a distraction for Crypto and damage its credibility. Hundreds of thousands of people will be burnt in this FOMO, and will distrust crypto in the future. It has provided ammo to skepticals, and the reputation damage will take time to repair. Shiba, RocketCum, and many other shitcoins, are the worst of this space. +My understanding is that we close positions at 21 DTE in order to limit gamma exposure. + +Why use DTE as a proxy for gamma? I can see my position's gamma in my brokerage platform. Why not close a position if it's reached some gamma threshold X? +Hello everyone, + +I have been investing in NPS for a while now and always this question comes to my mind since I will be investing 80% of my corpus in annuity after a few years that what happens if my annuity provider like ICICI, HDFC or UTI goes bankrupt? Who will honor my annuity contract and is there any law or framework in place to safeguard the interests of pensioners in this case? +What's the best infrastructure sector mutual fund for India? (Couldn't find a similar thread on this) The Invesco India Infrastructure and BOI AXA Manufacturing & Infrastructure seem highly rated. Although I prefer the former for the higher exposure to Larsen & Toubro, the latter has had a much higher historical return. + +And yes, I'm interested in these after yesterday's budget. Grateful for your opinions. Cheers. +Hey everyone, I'm 17 and will be 18 by the end of the school year. My mom and dad don't want me to live with them really, so from a young age I was told that by your 18 move out. Since I was 15 I've done numerous side hustles, jobs etc. To save up some money and in total I have around $4,778 dollars to my name. It's in my own bank account. And im earning from my side hustles + +Regarding rent, my friend who's like 20 or so I know him since young, he's in IT and has an apartment it has two rooms. One is his, and he said he can rent out the other one. It'd be $800/per month for me. There is no security deposit, and I don't have to put anything down as he told me. Just pay the monthly rent which is $800 and im good, it includes utilities etc. He said I can rent on monthly basis. + +Would it be possible for me to move out? I'm not really into fancy things or so, as long as my food, rent and expenses are taken care of im good. + +EDIT: Also I don't need a car, second my utilities would be taken care of in my rent payment, and regarding my phone bill it's $10/month. for food I know how to make good food for cheap I've done it before. Because my parents do a thing where like I have to make and buy my own food so I'd spend $100USD from my money, monthly and make food from that budget to last me 30 days and it'd work out perfectly, and it'd be plentiful so im not concerned about food expenses. + +EDIT 2: Some are mentioning stay with my parents as long as I can yeah thats not an option, they are toxic and were a\*\*\*ive and have given me numerous mental health issues. So moving out is the best choice for me, just wanting to make sure here that it's feasible because I can actually talk with others here and see if what im doing is right. + +&#x200B; +Lotta people hoping it's going to be a major catalyst to moass, but I doubt it even cause a huge wave in price action. It's going to be years before the nft marketplace takes off in the way people are hoping especially with whats happening with nft narrative going on in mainstream media and the crapto market. When it releases by next month and you aren't magically rich don't scream crime because it's npt crime it takes time. +I am feeling a little overwhelmed with the state of my finances in regard to property. + +I know I'm not alone but nobody seems to really care too much about what this means for finances (or society at large) long term. + +I'm supposedly on one of the very best graduate schemes in the country and whilst I don't expect to live a life of luxury in London, or immediately be rich, I find myself living in a flatshare with people who (naively) growing up I thought were at the age of having a house, kids and being quite independent. They're on a lot of money too. + +I'm just finding it a bit overwhelming, I'm ploughing money into H2Bs, stocks and shares and considering buying random houses away from here and renting them out or in the EU (Croatia) etc just to get some sort of hard asset. + +Moving from a working class northern family where even we had our own house it's quite a shock to me that only the 'elite' here really have bricks and mortar and you're blessed if you have a flat. The irony is the kids that were not as academic at school are now mortgaged up and although they might earn less in terms of gross pay, they are probably much better off than me. + +I don't expect this place to have a solution, but is anybody else filled with anxiety for it? I'm terrified should my relationship go south I'll be in my 40s still asking flatmates to do their washing up. + +Is buying property in cheaper parts of the country and renting it out, or in cheaper parts of the EU viable? I've had a look and reckon that I could get some properties outright for what it would cost me for a deposit here. +**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 you all backtested your strategy for months or years to see if it’s profitable or are you truly confident with your skill set to trade without the need to backtest? I feel like backtesting is for more of a ‘set and forget’ strategy. From my hundreds of hours watching live charts and placing trades, every single trade is unique with its movement even though all trades are following the same strategy. +Hey guys, +Posted on here last week about taxes and a 2nd home. Spoke with my accountant and wanted to update in case anyone else is in my situation. + +I am a NYer. Have been in FL for 3 months. Going to buy a beach house and stay here till next fall. Afterwards I will rent it out. Want the house bc: (i) it’s near my business partner and working together in person will help new products be successful (ii) it’s close to my aging parents and my less fortunate siblings could use to visit, (iii) my kids aren’t going back to school till next fall, (iv) will be a nice place to retire eventually. + +Accountant says: +- Claim residency in FL and eliminate a large portion of income tax. $500,000+ income this year. I was worried about an audit, but if I’m legit in FL all year, I’ll have no problem. +- Next year treat it as a rental. 27.5 yr straight line depreciation on cost of house, most major improvements. Furniture, fixtures, and appliances can be depreciated much faster. +- was planning on cash offer, but he suggested mortgage as rates are low and interest on rental can be deducted. Only the IRS’ passive loss rule will push out deductions a year or two. They won’t let you deduct passive (rental) expenses on active (from my company) revenues. +- fun fact: it’s still a “cash offer” if you pay for half with a mortgage, you just can’t back out if it doesn’t appraise for what you expect. + +Going to proceed with an offer. Have a great day! +So after starting the year with 6000€ in debt, I will be officially debt-free this Monday (as soon as the loan company finishes processing the payment). + +I'm super happy that I'm finally achieving this goal, after years of carrying and almost paying off debt, but never getting there. Now I want to see what's next for me and I'd love to hear some input on this. + +I have a 3000€ monthly salary (after tax), with my budgeting I will be able to save 1000€ each month, maybe more if I move to a cheaper apartment (I will need to save for a deposit, agency fee...). + +Currently, I have the following savings and other investments: + +\- 2700€ in savings divided into two ongoing funds: + +\- 2200€ - Emergency fund +\- 500€ - Xmas bonus - I put 100€ every month to have an extra 1200€ save up for xmas + +\- 3600€ in stocks of the company I work for now. I contribute 2% of my pre-tax salary to this, and they match it, then if I keep the stocks for 2 years, they will do another match. +\- Around 2700€ invested in different cryptos (tiny piece of bitcoin, and xrp, 0x, stellar). This is super volatile but I just consider them sunken funds. I have bought some small amounts over time and we could say that now I have some "gains" but they will not be real unless I withdraw them, which I don't plan to do anytime soon. + +I would like to put together a smart plan so I can put my monthly 1000€ to work, including savings and investment. Options within Spain are fine, or something Europe-based. + +Any input and advice will be appreciated! +I am a CFA Level 2 candidate, and moving to India from USA in next couple of months. As much as I know about Investing, I don't know much about Financial Planning for raising a family in India. Looking for some recommendation/books so I can start something. I can make a plan myself, and would be good enough, but, I'd still like to follow best practices if I can find for Indian Circumstance. + +Edit: I started reading this as it was only $4.77 + tax on Amazon. Looks decent, quick, and easy read. Works for my purposes. [Amazon.com: How To Be Your Own Finance Planner in 10 Steps (Master Your Financial Life Book 2) eBook: Chauhan, Manish: Kindle Store](https://www.amazon.com/gp/product/B00JOMOXR6/ref=ppx_yo_dt_b_d_asin_title_o00?ie=UTF8&psc=1) + +&#x200B; +As a value investor, I use screener and money control for getting numbers and then end up going to the annual report for companies that I'm interested in. I wish it was easier to find info about the companies' future plans though. Major investments etc without having to delve deep into news sources and reading every page of annual reports. What do you look for when investing? Is there anything on your wishlist that you'd like to see that is not easy to get currently? +Mind you Walmart is at 400b market cap. So what this means is that Tesla would need to make as much profit as 3 Walmart corporations In the future in order to even justify it's CURRENT market cap. It's actually absurd. It almost seems like people who are investing into Tesla don't really understand what it's current market cap even means... + +I've heard from a Tesla investor that Tesla would become an industry leader like hibachi Ltd.... And once that happens Tesla is going to moon..... And its like dude .. hibachi Ltd market cap is at 50b . Forget about mooning once Tesla becomes an industry leader like hibachi Ltd. Tesla would need to be an industry leader like 20 hibachi Ltd just to even justify it's current valuation lol.... + +If Tesla becomes the world's most profitable corp like apple. Get this .... You'll justifiably only 2x your money if you invest In it now 🤣🤣🤣🤣🤣🤣😂 . Bruh such a tall order to fill just to 2x . + +Look I get it. Tesla is innovative yadadada yes . The company is still in it's early stages and it'll be better later on. Yes that too. The company is at it's early stages. However, the stock valuation of this company is not. The stock valuation of this company is already at a level where it can swing it's dick around and smack China with it. + +The question is. What would Tesla even need to do.... For profit at a level where it's absurd valuation is justify? + +Another note Toyota is currently the most profitable car company and it's valuation is 300b..... (I'm not saying Tesla is just a car company) Tesla's is already at 1.2t . 4x the most profitable car company already... Without making any profit... Tall order to fill . Let's just say that. + + + + +Edit : this is just speculation but hear me out on this Tesla's car margin went up 30% recent quarter ... Now I did some googling turns out Tesla's build quality and assembly is ranked the lowest . So what does this mean? Well it's obvious. This is a very common stock hype strategy. They sacrifice build quality by getting cheap parts and assembly. on paper itll look great for short term profit it's no wonder margin is at 30% then they report it. Boom everyone eats it up HYYYYPPPE. Stock shoots up!! Bruh at this rate Tesla solely survives on hype and elon fucking knows it 😂😂😂😂😂😂 . It's a very obvious stock hype strategy tbh. Do you seriously think this company that is entirely pressured to perform on paper wouldn't go this length? Honestly this is the only thing Elon can do in order to maintain this level of stock price . It's actually a no brainer. Because as soon as that sheet of paper looks bad. Y'all know what's gonna happen. And he knows what's gonna happen. So long as he report good news albeit paper news . All's is well. + +It's a very common tactic for public company in order to showcase short term paper gains. In order to shoot the stock upwards. Some even layoff workers, it's just speculation. But my money is on this. + + + +Edit 2: reading many of the comments , it seems like alot of people are confused that there's actually a difference between company and stock. Saying that Tesla is a growth stock (disregarding it's current market cap), just because the company is still growing is essentially the gist of many responses. While Not realizing it's already priced in on a veeeerry optimistic note at that. + +Also do people ever stop to think how the hell is this dude gonna monopolize all these different areas of innovation? Amazon focused on 1 thing only , it took them 2decades to reach 1.7t. and monopolize that one thing . honestly , the ideas are decent ,but what about execution? People invest like all his ideas are already at monopoly level. + +Battery grid, EV cars, AI, spaceX , renewable energy, solar, boring company tunnels, internet grid, something about monkeys , And many more projects. I've heard the argument that Tesla is "not a car company" to justify it's current valuation. Like somehow this dude is going to monopolize all these different fields. Ironically If anything EV cars is where he'll most likely have a Monopoly. + + + Saying Tesla is a growth stock just because the company is still growing while it's already at 1.2t marker cap, is the same as saying GME is a growth stock during MOASS when it's market cap is quadrillions . Just bc " the company is still growing it hasn't implemented NFTs yet" . + +Edit 3: Also y'all remember when Tesla double in market cap, AKA double it's company's worth (for those who don't understand market cap) ,just because musk boy said "5/1 split" 😂😂😂 yo this stock is surreal. Any other company with these kinds of specs , it'll be a no brainer to short. Puts all the way! Not Tesla. Hell fucking no. You think I'm gonna bet against a stock where the company double in valuation just because "oOoOO it's "cheap" now!" --- (P.S you actually paid more for a smaller piece.) + + you outa yo goddamn mind if you think I'm gonna go against this kind of retard strength! This is the kind of company that will go up 100b if they announce theyre creating their own gaming console . 0 - 100. From announcement to best case completion price all in a day. +I’m in my early 20’s, so I’m on the fence on if I want to stay where I am or go somewhere new. Wondering if it’s worth investing soon or wait until I’m fully decided. Thank you. +I was thinking about putting in $1000-$5000 a year ago and I decided not to and moved on with my life. + +I am hating myself so much right now for not doing so. +TL;DR: If long institutions wanna vote against the plan (because they are friends with SHF) they have to recall their shares and add buying pressure because SHFs did done already sold their sh!t. So, SHF can't wiggle their way out of this move by trying to curry favour with long institutions to vote against the plan. + +RC making the Stock Split/dividend voteable at the Annual Shareholders Meeting forces any long institution that wants to vote against it to recall their shares. Thus, making it harder for SHF to keep shorting GME in the run-up to the meeting. + +Wanna vote against the plan as an institution? You have to recall your shares. If you recall, then SHF have to find a share to give you back since they already sold that sh!t. Since there aren't any real shares available, they have to buy it. Thus, moving the price up. + +Don't wanna recall and vote against? Cool. The plan will go through and gain Board approval making MOASS a 100% sure thing. + +Damned if you do, damned if you don't. 180 No Scope 69D Chess Master RC! + +[https:\/\/www.investopedia.com\/ask\/answers\/05\/shortsalevotingrights.asp](https://preview.redd.it/eqgiqu7ewvq81.png?width=1254&format=png&auto=webp&s=72666d62b24ac6a6cbee73427053e1f196b4b7dc) + +See you all on the Moon baby! + +Edit: clarified SHF are the ones that are fkt +Edit 2: not NFT…just regular old dividend as a stock split +https://news.gamestop.com/stock-split/?n + +The most important sentence in the GameStop news: + +> 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***. + +Keyword: ***impact*** + +Instead of being distributed the dividend shares, most brokers are being told by the DTC to operate a simple split. This will impact their accounting. Consequently, this will impact their business. + +Until now, only stakeholders were victims of the massive amount of synthetics. + +With this splividend event, ***brokers who were told to do a split are HURT!*** Their business is impacted, and they should not be happy with this. Now, brokers have a very good reason to pressure the DTC into doing things correctly. The splivi is aligning the brokers' interest with the investors' one: A PROPER ACCOUNTING OF GME SHARES + +So what do? We were told what to do: + +> ***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 "***may want to make our brokerage firm aware***" that they could be impacted by recent DRS activity if they did not receive the shares from the DTC (which is the case for most). + +It's good to put pressure on brokers. Instead of harassing them and calling them liars, ***make them aware*** that they are getting fucked by the misleading instructions from the DTC. + +Exactly as Germany's financial regulatory authority BaFin said today, once they are aware they will expect shares from the DTC. Once made aware, ***they will do the job***. They will pressure the DTC. They will ask for a proper accounting of GME shares. + +If your broker was told to do a split, tell them this: + +---------------------------------------- + +Dear Mr, dear Mrs, + +I am contacting you because BROKER's own accounting of securities may be impacted by a recent financial event. This could also impact your business as a major broker. + +GameStop (CUSIP Number: 36467W109) operated a split in the form of a distributed stock dividend on July 21, 2022 + +8-K form: https://news.gamestop.com/static-files/99aee59e-55a4-48b9-8b55-e5e66eb0cb74 + +8937 form: https://news.gamestop.com/static-files/1764b8e4-0e1d-41a6-b502-8c5ab7604dc8 + +In a recent official communication, GameStop confirmed that the distributed shares (3 for every 1 in existence) were correctly issued to its transfer agent (Computershare), which has confirmed it subsequently distributed the appropriate number of shares of common stock to DTC for allocation to brokerage firms. You should have received from the DTC 3 shares for every 1 share held in your own accounts to operate the stock split properly. + +source: https://news.gamestop.com/stock-split/?n + +Many brokers were told to operate a regular split. However, GameStop's legal forms and recent communication clearly shows that the split is in the form of a stock dividend, which is entirely different from an accounting point of view. Only shares distributed from the DTC should be considered as valid for this split. Without them, a broker's own accounting of shares could be impacted. + +Germany's financial regulatory authority BaFin recently confirmed this for all German brokers. + +source: https://twitter.com/BaFin_Bund/status/1556561133514985473 + +I believe you would like to maintain a proper accounting of your shares. I would suggest you to contact the DTC to ask them for your fair amount of shares in order to operate the GameStop's 4-1 split as it was instructed. + +Please use the official GameStop's documents provided in this email when doing so. + +I remain at your disposal for any information, + +Yours, +Mr Ape + +---------------------------------------- + +You are not ASKING them. You are TELLING them. You ***make them aware*** that they are getting fucked by the DTC. + +---------------------------------------- + +I am 100% DRS but I already sent this message to Degiro and IBKR, since I still have an account with them. + + + +EDIT: to those saying that I don't realize brokers make up the DTCC board, yes I do. + +Only a handful make up the board of DTCC. [From this post](https://www.reddit.com/r/Superstonk/comments/wjjpwb/broker_master_list_of_splividend_confirmations/?utm_medium=android_app&utm_source=share), u/NebulaPlague counts approx 58 brokers apes are in relation with all over the world. This is our lever. + +Also, am I saying brokers are our friends? No. Am I saying they never did anything wrong during the GME saga? No. Am I saying we should forgive them? Also no. + +I am saying they are hurt by the DTC wrong instructions, and this is an enormous lever to use in order to corner the DTC. I simply suggest you send a message to your broker to make them aware, SHOWING them the GameStop official documents and TELLING them how they can be impacted if their customers DRS after a vanilla split. + +EDIT2: [this post](https://www.reddit.com/r/Superstonk/comments/wju2xs/dave_responded_to_me_and_it_feels_neat_drs/?utm_medium=android_app&utm_source=share) from u/odinthedoge where big Dlauer says it's only a problem for brokers if vanilla split shares get DRS'd. + +So in priority, let's inform the brokers that 1. did a vanilla split and 2. allow DRS +Update: 2 weeks later, for folks reading this who are in similar situations + +1. I contacted my credit cards and humbly told them I'm considering bankruptcy, and all of them agreed to lower my interest rates for six months. By then, my current consolidation loan will be paid off and I'm likely to qualify for a new one. + +2. I have used many budget apps in my life - Mint, goodbudget, several others - But none have changed my relationship with money the way YNAB has. It was recommended to me here, and now I'm recommending it to anyone who reads this. The peace of mind is wonderful, especially for a paycheck-to-paycheck lifestyle. After two weeks of the trial I've decided it's definitely worth a yearly subscription fee, even though I'm not a subscription person and clearly money is tight for me. ;) + +3. I contacted free legal aid in my county, and I'm in the process of setting up an appointment to discuss whether or not bankruptcy would be right for me. + +4. I contacted several local agencies I'm interested in working with - including my local city government - to sign up for job notification lists that weren't readily visible on their websites, because they use a mix of in-house and third party hiring sites. Who knew! + +Good luck, everyone!!!! + +....... + +Edit #3: I'm so moved by the continued support, even private messages I'm receiving from all of you kind people with great advice and encouragement. I'm in tears with gratitude. It may take me a few days, but I'll get back to all of you. Thank you so, so, so much for humanizing me and helping me see hope. + +--- + +I make a little over $15 an hour as a Visual Merchandiser at IKEA. My raise is only 3% a year, and there's no promotion I'm interested in. (See edit) I've kept an eye out for a better paying job, man I don't see one. + +I have: a debt consolidation loan through BestEgg, 18k in high interest credit card debt over 2 different cards, and only 4k remaining in student debt. + +I have tried and failed to qualify for a second debt consolidation loan to stop bleeding out from interest. Last week I successfully applied for a 0% interest balance transfer card. It only accepts $750 in balance transfers, and it's interest free for 15 months. A drop in the bucket and I didn't want another card, but I'm struggling so much with this interest I had to try. + +My credit score is 680. I have never been late on a single payment. I've been struggling with this debt for years since leaving a financially/emotionally abusive husband, and I'm exhausted. Because I live paycheck to paycheck, I sometimes feel I have no choice but to use the high interest card for emergencies (plane tickets to see sick relatives, for example). I have *nothing* in savings. Saving feels impossible and has for years. Sometimes I'm late on my rent. I don't own a car or a computer, but bankruptcy still feels like a bad idea. + +In September, my debt consolidation loan will be paid off. My current plan is to apply for another debt consolidation loan at that time with the hope that it will lower my interest charges and whittle down my debt more. + +I live a simple life and I don't need to feel wealthy. I'm frightened of retirement, and frightened to have no savings. + +I am so open to advice. Lordy. + +**Edit:** Thank you so much for all of the good advice! I feel I have a clearer sense of direction now. + +My parents live across the country and both are in poor health - sick is a classy way to say possibly dying, so for my life priorities that does indeed qualify as an emergency. And no, I'm not going to take a management job that would make me miserable every day for the sake of paying off my debts more quickly. I see the burnout rate and I'm not interested. It is already a balancing act to keep my body healthy enough to earn income, let alone adding that level of stress for a few bucks an hour. + +But I appreciate the guidance about different approaches to managing debt. You've been very helpful, thank you so much. + +**Edit again:** I was trying to avoid this type of share, but - I have several chronic health problems that make taking a second job or adding to my stress more of a risk to my earning potential than it's worth. + +I understand all of you who are reading my story and calling me lazy or spoiled, or unwilling to leave my comfort zone. I already have FMLA coverage for days when my body won't let me get out of bed, and although I can't afford to use them I often have no choice. I don't know how else to say it - my body creates very real limitations for me. Yes, that gives me discouraged emotional reactions about my livelihood. + +I've used a friend's computer to look for opportunities to work from home, and I can't find anything that justifies the debt of buying a computer. + +I was raised an only child on a farm, adopted by older parents who didn't have much. I have worked since I was 16 years old. In college, I worked three jobs in addition to attending classes full time. I always had savings before I got married. My clothes are all from thrift stores. I live in a shared space situation that costs me only $450/mo, incredible for Philadelphia. I eat red lentils, roasted vegetables, and rotisserie chicken. People at work comment about how I always bring my lunch and it's always the same, lol + +There is not a promotion merrily dangling in front of my face that I am too good for. To clarify, part of why I am not interested is because I am not qualified. My current payband is the same as any management position I could compete for within the company. IKEA has made drastic paycuts. + +No, I'm not scrolling through Indeed with Princess Face saying no to jobs that "aren't good enough" for me. I literally can't see a career path I feel qualified for where I can make more. I have been a janitor, a server, a tick farmer, a graveyard shift shelf stocker. I am not too good for things, I never have been. + +Someone mentioned working in insurance - I'll look into it. I never see posts for that type of job online, I'm not sure where exactly I should look. + +I hear a lot of people saying I should file for bankruptcy. I'll look for a lawyer I can speak with. + +I'm also picking up what you're putting down w/r/t being needlessly discouraged by HR's pie-in-the-sky job qualifications. I'll try to bear this in mind. +The only confirmation bias I have needed for the last 6 months is the ownership data and the options chain. They reveal the nature of the SI and set a lower limit on the amount of covering that needs to be done, and is clearly in excess of the currently reported 20% short. + +You do not need the assurances of some moronic streamer who’s streams consist of ‘might go up or down or sideways’; if you bought in to the BS they’ve been selling it’s time to get back to basics. +Hi guys. I am a lurker but decided to post as I am on the fence of whether or not I should leave RBC for Wealthsimple. I really like the RBC platform as it is easy to use but its $10 per trade. I understand Wealthsimple doesn't have trade/commission fees but I understand this platform doesn't have real time prices. I would really appreciate some input from you guys regarding these two platforms. +I thank you all in advance for your kindness. + +Edit: I have read every single comment so far and I really appreciate you guys. This has broadened my perspective. + +A Massive thank you to each one of you for taking the time to help me. + +I also want to answer some questions: + +1) I've been an Index fund / ETF person since I started investing. + +2) the bulk of my investments i have through my employer who also happens to be one of the biggest financial institutions in NA and the world. This means I pay close to nothing in MER's and other fees and get free financial advise. I get a match on my DCPP and a nice discount on their shares through the ESPP. + +3) I have a TFSA with RBC and I have been looking at a number of stocks that I want to work on... get in, make money, get out. With RBC that type of trading is expensive. +I live in the south east and for the last 2 years we have been trying to buy a house. We have had 3 failed purchases at different stages, here is what I have learnt. + +Find a broker (these are free) for your solicitors and one that will give you a buy one get next one on them, this is for both the local search’s and building survey. Make sure you check if these expire, preferably get one that does not expire. + +The reason I say a broker is because they will place you with a solicitor who best fits your needs, and does not have too many purchases running at the same time. + +As much as parties try to push you, do each stage 1 at a time. This is where our first time failed. + +We got our mortgage approved, we were encouraged to pay for the local searches while the mortgage did the valuation to keep to process going as quick as possible, but long story short is the bank wouldn’t lend without lots of caveats and the sale fell through. 2 weeks after we got the local search’s through. it then took us too long to find another house and the “free” local search offer had expired. So £350 wasted. + +The order we processed with our purchases has been. + +- Mortgage offer +- Mortgage searches +- Building survey +- Local Searches + +The reason for this is in my experience each stage down the list the likelihood of issues arising goes down. + +Always get a full building survey. Our 2nd purchases fell through because of movement on the property. Long story short here is that we tried to negotiate at structural engineer to check it and the vender refused and just wanted to take 10x the cost of a engineer off the house price. Sounded to suspicious and we walked away. We had gone with a broker this time who had a unlimited time limit on the next building survey, £700 safe for next time. But this wouldn’t have been picked up on just a homebuyers report. + +Next thing is, as hard as it is, never get too excited, after mountains of paper work, “free” survey, £350 local search’s and 4 months of waiting. Our 3rd purchases fell through because the vendor “changed their mind” just before exchange, no penalty to them. + +For our next purchases our circumstances had changed and so had a better rate and we could borrow more so we had to go with a new lender. + +This is where the broker came into their own, we could no longer use the solicitor we had used for the last 2 attempts as they couldn’t process mortgages for our new lender, within a hour they got back to us with a new one, this new solicitors were absolutely amazing and I wish we had them for all of our other purchases. + +So for our 4th attempt everything was going well, we had a free local search but had £700 for a building survey to pay out for. We were told early March we would be able to exchange in a weeks time...... then lockdown happened and our hearts sank at the idea this will stall and fall through. That was up until about 2 weeks ago when we were told that the chain was ready to move, but because of the current climate we need to exchange and complete on the same day. So we send our life savings to our solicitors with no concrete confirmation we actually have a house, handed our notice in on our rented flat and just sit tight. Then 2 days ago we got the keys to our house. We have decided to let it sit and then clean it down before moving in because of the virus. + +We also now have to move with me and my partner while entertaining a 14 month since we can’t get the help from friends to move, we do have 3 weeks and we will do it no matter how hard it will be. All that matters is we finally have a home for our family. + +No matter how disheartened you get about finding a new home, hold in there, England’s house buying systems is so broken it’s hard to make sense of but you will get it, we now have a house and it is the best one out of the 4, we would have a forever home that 2 years ago was out of reach and would have meant we would have had to get a bigger house once we out grew it. + +Edit - spelling + +Edit 2 - just to clarify, we did use a mortgage broker, he cost £400 and did all 4 application for 1 fee and was an amazing guide for us, the broker I am talking about here is a broker to find solicitors and chartered surveyors +Hello world 👋 +Last day of the week, let's see if we can reach our brothers and sisters at 300 US-$, wouldn't that be something? 😉 + +Current price "115 minutes in: 250.27 US-$" + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is crucial, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting:                  254.06 US-$ + +5 minutes in: 251.25 US-$ + +10 minutes in: 251.13 US-$ + +15 minutes in: 251.25 US-$ + +20 minutes in: 251.74 US-$ + +25 minutes in: 251.74 US-$ + +30 minutes in: 251.86 US-$ + +35 minutes in: 251.86 US-$ + +40 minutes in: 251.61 US-$ + +45 minutes in: 251.74 US-$ + +50 minutes in: 251.98 US-$ + +55 minutes in: 251.98 US-$ + +60 minutes in: 252.96 US-$ + +65 minutes in: 253.57 US-$ + +70 minutes in: 251.98 US-$ + +75 minutes in: 251.86 US-$ + +80 minutes in: 253.33 US-$ + +85 minutes in: 253.69 US-$ + +90 minutes in: 253.69 US-$ + +95 minutes in: 250.51 US-$ + +100 minutes in: 250.51 US-$ + +105 minutes in: 250.51 US-$ + +110 minutes in: 249.90 US-$ + +115 minutes in: 250.27 US-$ +The only debt fund in my portfolio right now is ICICI short term debt fund direct growth. I have been holding it for approx 6 months, and have got a pre tax return of 0.83% which is much worse than savings account if my maths is not wrong. I thought it must have been my mistake when selecting the fund but then with some research I found out that most popular funds of this category have been performing worse than savings account returns. + +On doing further research, I found out that the reason for low returns is probably the interest rate hike by RBI. Is my analysis till this point correct? + +Now that we have just entered the rising interest rate cycle, does it even make sense to add new short term debt funds in my portfolio? I am thinking it might be a better choice to add ultra short term fund or FD instead of short term debt fund in my portfolio. + +More context for those interested: I am 23M, and am going to receive a bonus of ~7. 5L from my employer today or tomorrow, so I am exploring and comparing in which debt instrument to park the money. I will most likely hold the investment for 3 years so that I get charged LTCG instead of STCG on the returns +https://www.cnbc.com/2020/02/01/apple-temporarily-shuts-all-stores-and-offices-in-mainland-china.html + +Looks like the analysts calling an even sharper dip as things worsened weren't kidding. +No saving for retirement. No saving for a house. We are two paychecks away from living on the street. + +Most people invest in crypto because they know living paycheck to paycheck is like being a slave. Now it's almost impossible to own a house when you barely afford to survive. +Is there no rule? We all know why this is happening but can't we delete and/or refer on to UK investing to annoy them? I know it'll be short lived but kinda ruining the sub at the minute. Yes, it's personal finance technically but it's repetitive and timing the market and there are more appropriate subs. +I entered into a contract for a home purchase around October 20th. I shopped a few lenders and finally decided to go with Ally for my home loan. I have banked with them for over 5 years, and never had an issue with their savings/checking. I'm an easy borrower (great score, solid job, 20%+ down), and the home is not even 4 years old, so I figured there weren't too many ways for this deal to go sour. + +Physical contingencies were wrapped up quickly. Inspections were clean. Out of nowhere, I receive an appraisal from Chase Bank (who was my second choice lender, and I did not do anything past shop a rate with them) valuing the property above what I am paying. I find this odd, but don't think much of it and see it as a good sign that my Ally appraisal will come back above asking. + +I paid my appraisal fee with Ally up front in order to "lock in my rate". Appraisal contingency was due 11/4, and Ally has absolutely nothing. My real estate agent has pressed them since day 1 to stay on track, since this market is hot and sellers are not screwing around with buyers who can't meet deadlines. Ally promises to have the appraisal done by the 6th. + +Welp, the 6th rolls around and my agent asks Ally where the appraisal is. Ally's reply: + +"they (AMC) do not have it, and they probably won't have it for a long time". Ally now telling me they did what they could, but this wont get done in time. + +What is the best way for me to request a refund for my appraisal (which obviously did not get done in time)? I signed a "mortgage written commitment letter" with Ally. Can this be voided since they have failed to meet the deadlines of my purchase contract? + +Thanks in advance for any replies! + +&#x200B; + +EDIT 1: + +Heard back from Ally today (through my realtor). Apparently they have reassigned another appraiser on priority for the property (not sure how reliable this is). My realtor and I decided to give this until Monday to hear back from Ally before thinking about jumping ship. We are about 90% done with this deal, just waiting on the damn appraisal. A one week extension is going to look better to the buyer than starting over with an entirely different lender (and having to change all of the title paperwork and contracts). The entire transaction has gone smoothly aside from this appraisal issue (although I admit, Ally's communication is extremely unprofessional). + +Update for those who are saying Chase didn't do an actual appraisal: I can assure you they did one. The stack is about 20 pages deep, with "Uniform Residential Appraisal Report" at the top and Freddie Mac form 1004 at the bottom. Photos of the property, inside and out. Again, not sure why they did this exactly, but it did happen. Realtor is telling me we can't have the appraisal transferred from Chase to Ally, but I can poke at Ally and give it a try to see what they say. + +Thank you folks for the replies. I read all of them. I'll keep you updated as we continue trying to make this deal work. + +EDIT 2: + +So I guess I really should be blaming the AMC. Ally ended up getting an appraisal done, and they have actually done quite well afterwards. My loan docs were completed without any hiccups, Ally has been in contact with me and my realtor throughout closing, and we plan on getting the keys today! (one day after scheduled closing). + +If anyone has more questions I would be happy to answer. Looking back, Ally did not have the best communication skills, but damn they actually got things done despite having trouble getting an appraisal. Their rate was the best, their online interface is easy...I was really worried this deal wouldn't get done, but in the end going with Ally might not have been so bad. +A lot of you probably have cars that haven’t moved in a long time (thanks COVID) and might find yourself in a situation where you’re unknowingly sitting on car lease equity like I was. Here’s how I found out and how to check for yourself. + +I recently paid the last month of my car lease so I planned to turn it in to the dealership and pay a $300 disposition fee like most people do, but due to a change in my commute length and COVID leading to WFH for the past six months I ended up using only half of the miles I was allowed in the lease. I decided to get the car appraised by used car dealers and was surprised to learn I had $4k of equity in the car (appraised at $17.5k while lease end buyout was $13.5k). $4k is almost ***half*** the total amount I paid to lease the car over the past 36 months, so this is a ***huge*** return. + +I accepted an offer from an online used car dealer, scheduled the inspection/pick-up, and two days after they took the car I got my equity check in the mail while the check for the lease end buyout was sent directly to the financing company by the used car dealer... It was that easy. + +Here’s a brief rundown on how to do this: + +1. Call the lease end maturity center for your car and ask what the current lease end buyout is for a third party dealer. Be specific because this amount is different than if you were to buy it out yourself. This amount also changes every month as you make payments, so only call when you’re serious about ending the lease. +2. Make sure to ask your financing company if you can sell your lease to a third party dealer. Some don’t allow you to while others won’t let you do it during the last 30-60 days before the lease maturity date, so if you’re thinking of doing this call asap to ask how the exact process works so you can plan ahead. +3. When you're ready to sell get as many appraisals as possible. Carmax, Carvana, Vroom, Shift, and used car dealers are all places to get free appraisals. Online appraisals are generally higher than in-person ones, but check everywhere. These appraisals only last 2-6 days so you need to be ready to turn in your car fairly quickly. +4. Accept an offer, set-up the pick-up/drop-off, and make sure the dealership buying the car has the information needed to make the lease end buyout to the financing company +5. Cancel your car insurance for the sold car, end your registration/turn in your plates (some states don’t require this), and hopefully walk away with some surprise money + +TLDR - My car lease was coming to an end and I was going to pay a $300 disposition to give it back to the dealership, but decided to get it appraised and ended up making $4k by selling it to a used car dealership. + +EDIT: Not here to argue whether leasing is good or bad (that's up to you) or if specific cars should/shouldn't be leased (depends on the deal you can get), I'm just here to present an often overlooked and *potentially* lucrative end of lease option to those who do choose to lease. + +EDIT 2: Didn’t realize this would get so much attention, but glad to help in any way. This whole scenario happened in California. The process could differ slightly in another state as some have pointed out and I have no idea how this process works in other countries, sorry! + +EDIT 3: **You don’t have to wait until lease end to do this, but you need to check with your financing company for your situation.** If you have a car that’s not near lease end, but you don’t need anymore you can also use this method to *potentially* get out of the lease without paying early termination fees by giving it back to the dealer. Make sure to ask for the current third-party lease buyout (might also be lease payoff amount, same thing), *not* lease end buyout as they might give you the wrong figure. Also ask if there are any fees associated with an early lease buyout just in case. + +EDIT 4: Getting a few messages about this, **please** **DO NOT lease a car assuming this scenario will play out for you.** this is 100% a result of the circumstances we're living in now that if you can take advantage of, you should. Lease a car assuming you will get nothing back and will have to pay a disposition fee to get rid of it if you don't keep it because that's the reality for a lot of people. Remember I did not make a PROFIT on my leased car, I just got a significant portion of the amount I paid for the lease back that I didn't anticipate getting. +I just took a quick peek at the top 20 coins by market cap and over the last SEVEN days Ethereum has plummeted 32.03% as of this writing. + +Only 2 other cryptos have fallen more, and barely:CRO has dropped 32.99%, but I believe a large part of that is due to the rate change and unbonding periods ending and sell of out of spite. + +AVAX has dropped 32.62%, I don't know about this coin so I won't even surmise a reason why. + +Do you think ETH's fall has to deal with the merge or something else I am missin?Just curious. + +Thanks. + +\*\*\*EDIT1\*\*\*It's price is down 33.98% over the last 7 days as of this edit. It has now depreciated greater than ALL top 20 coins. (Again, as of this edit). + +\*\*\*EDIT2\*\*\*It's price is down 37.488% over the last 7 days as of this edit. It has now depreciated greater than ALL TOP 27 COINS. (Again, as of this edit). 9:49 am 6/15 + +\*\*\*EDIT3\*\*\*It's price is down 38.57% over the last 7 days as of this edit. It has now depreciated greater than ALL BUT ONE OF THE TOP 53 COINS. (Again, as of this edit). 9:45 am 6/16 + +&#x200B; +I was thinking about this recently, and typically the really basic questions I hear are like "how fast can you make $X?" "If I give you $100k, what would you be able to make?" "Can you manage my portfolio for free?" It's hard to answer these without clarifying several key concepts like risk, account size, and what's in it for me, so I think they are typically bad questions. + +What are some of these questions you get? It can be family, friends, or strangers online, or just something you read somewhere. +I've been having trouble saving up for food due to bills and recently had two customers come in today and started talking to them a bit. I also had to help them with gas, after doing so, one gave me $20 and another $5. I was able to put some of it towards groceries that'll last a week before I'm able to go shopping. I'm not sure why I feel bad about it, but I really needed the food. +Bought 100 shares at $32.35 on Monday and sold a covered call for next Friday with a strike of $34 for $140 premium. The next day it was trading at $36 so i rebought my call for $320 and sold a $37 call exp 2/5 for $350. Since then it's now risen to $45 during trading yesterday and now it's $51 pre market. + +Any ideas how to salvage this trade? I'd be up $1800 if I didn't write any calls... D'oh! +Oil price at all time recent highs. Not to mention of stock buy back or at least returning back to old dividend rate despite oil hovering well above 2019 level for a few months now. Any reason to why that is? I feel like I made the wrong choice by selling off chevron and Canadian natural resources to double down my position in suncor. +Currently I can get margin on Ibkr at 1.546%. Is it a bad idea to burrow a few thousand and drop it on a few dividend safe stocks and use the difference to cover the interest and eventually pay down the principle using only the dividend? I currently have $15000 in Ibkr and im thinking of using around $3k on margin so I dont have to worry about being margin called. Isnt this basically what Smith maneuver is? I just dont have access to a heloc. +First off I know nowt about CC but with all the NFT/loopring speculation I've been reading up on gas fees etc and just why loopring is a game changer and I think RC's latest tweet is a reference to the super low gas fees that will equalise the NFT market and make them viable for all. + +https://www.investopedia.com/terms/w/wei.asp + +A wei is the smallest unit of Eeether- the coin used on the eth network. Imagine a world where fees are minscule for the trading of NFT's. That world is here and RC has it in his hands. + +Edit. As to being backwards something something about reverse compatibility but as I said I know diddly squat about these things. +Like everyone I came for the memes and the money. Over time like everyone here I read and learned more about our financial system. I have had this sense of inequality, unfairness and "something is wrong" for most of my adult life. And like most people I have had the demoralizing feeling that it doesn't matter, that we can't change it anyway - but that's what they want us to feel like. + +We can change things. We are. First through awareness, through their own rules and tactics, and maybe soon through the sheer volume of our movement. + +I'm just posting this to get it off my chest. **I no longer care about profits on GME. All of that money has become an investment in structural change.** I will hold as long as it proves a point, as long as it puts the financial elite in trouble. I will keep holding, upvoting and participating in this community just to help keep it active. To teach more people about the crippling unfairness of our global financial system. I want our community to grow so much GME becomes the most well-known stock on the planet. That Gamestop and superstonk become a testament to change, to anger, to the little guy being fed up and taking back what's rightfully theirs. + +I want change. I want all of it. **I want our economy to belong to us again - for it to support and nurture the people that keep it going - instead of it being designed to suck us dry.** And maybe I'm delusional, maybe I had too much to drink and not enough sleep. And maybe this is all just too much for a retarded ape to deal with. But I hope there's the smallest chance that that's just what we need to force things to become better.. A million angry apes that are just fed up and can't deal with it anymore. +PLEASE HELP! *Trezor Catastrophe* + +I’ve used Trezor for years, they’re great. I was helping my in-laws move their crypto (sadly they divorced and wanted me to separate their crypto) and fear I have made a TERRIBLE mistake.. I set up my father in laws new Trezor and sent his half of crypto from my mother in laws wallet. Success.. + +I realized I did not get the seed words from the Trezor, (I think it got disconnected from the lap top during initial setup) and I had to secure the USB connection and continue setup. What I didn’t realize at the time was I ‘believe’ that was my one and only shot to collect my seed words. Not knowing that I continued the setup with a PIN and sent the funds. They showed up but I realized I did not have ANY of his seed words and if he lost this thing or it got stolen he would be screwed.. + +So I sent the funds back to mother in laws Trezor, successfully. + +I saved the address to the wallets and WIPED my empty father in laws Trezor and successfully set it up, (this time collecting all seed words). + +I SENT THE CRYPTO to his old address that was wiped and I don’t have the seed words to!! I was hesitant to even get involved, they are older and not technology savvy, but I got them into the crypto space years and wanted to help them with this separation. This was NOT a small amount of Crypto and has become a strain on the family. I had the best intentions.. + +I reached out to Trezor support but they have not gotten back to me. + +Does anyone have any advice please?! +Hi, + +I was offered a Proposed Transfer of my assets to IBCE (in Hungary). I am from Poland and would absolutely not like to have my assets stored by a Hungarian broker (neither would I go with a Polish one these days for that matter also due to political issues here). + +1. Is there any way of getting my account transfered to Ireland or Luxembourg? Should I file a ticket or is there no way for that to happen? +2. Or should I move to a different broker? I definitely have more than 20k EUR assets so wondering where I should go from here.. + +Thanks for anyone's help? +What would you do in our situation? 30y couple. + +Bought an apartment last year in eastern european country and locked in a low rate. Monthly payment is about $600 for a building made in 1980. + +Made some renovations that were needed and we are paying an additional $350 per month, getting to around $950/month. So everything costed so far $150k with 15% down payment. + +We regret our decision, especially me. I think we rushed and we are paying quite a lot for nothing. + +This is an old building with central heating from the city, so we are depending on that, the rooms are quite small, the shared hallways inside the building look old and need renovations. Turns out neighbours are mostly gone or rented and there’s not much community around. I can count on my fingers the kids in this building and not many in the area also. We do not have a dedicated parking spot. I can hear the neighbours tv if it’s quiet, especially in winter. + +A rent at $950/month would be something really nice, with heated floor, underground parking, new building but maybe in a not that great area. + +I just come to realise I do not care about the area so much. It’s nice, safe and close to center, but we are working from home. She is ok with the area and likes it. + +Now regarding our finances, we are bringing in about $6k after taxes together in the house. We both come from poor families and work as software engineers. We are quite frugal and save at least $3,5k/month. I’m mentioning this because we are thinking on eating up our mistake and paying the property, but it will still take years. + +Still, I’m not happy with this place, I think we are paying a lot for area, but this will benefit us after 10 years maybe. Until then, we can’t leave the house in the evening with the car, because at return it will take 20 mins to find a parking spot. Central heating is old and every winter we stay stressed that we’ll be without it, since it has a reputation of breaking down a lot. + +She agrees with me, but also doesn’t mind staying here. + +I just want to work on my personal projects, stay confortably and travel for the next 5 years and have a kid later. She is in the same boat about this plan. + +I do not mind paying even a lower rent at about $700 and live comfortably while putting aside our money. Both of us are not even sure if we want to remain in this country. + +At the current rates I’m not even sure if we’ll be able to take our money back, but we are willing to sell at a loss. + +What would you do? +[https://imgur.com/a/w9ZpoCd](https://imgur.com/a/w9ZpoCd) + +I stare at this spreadsheet of my expenses almost daily. + +I live in the metro area of a northern European city. I own a car that is garaged, can't park it on the street for a few reasons (no space, slightly sketchy area). + +Other people seem to be very efficient at putting savings away but I feel like it would be impossible to save any more than 20% of my net pay. Any advice? +Had a few Thomas Cook & Cox & Kings bought a couple years ago, when it was still feel good and "travel story" times.. Sold out at a loss during the last year after the losses and financial finaglings. Among the shares that taught me a lesson on tight stop-losses. + +Today's international financial news is blaring headlines on Thomas Cook starting to wind down. You can easily look up the details. Didn't see it much in the Indian ones, so just an early warning ~~to book out ASAP on Monday~~. + +In India, it shows 8/- up on Friday though. + + +I'm keen to scalp some promising altcoins, but I cannot find a solution with enough liquidity and security, with no KYC. + +I made a 10% return in the last 2 weeks based on support/resistance strategy and I wish I could leverage the same strategy. I also want to profit when alts go down (which I anticipate this year). I'm from UK, by the way. +Ethereum has been on a tear lately, >26% in the last week, >56% in the last Month, 750% y/y. + +The meteoric rise is causing new investors to flock to the crypto markets, with ETH firmly in their crosshairs. This is causing the price to continue to rise, and will do so uninhibited at least until the $2k level, then we hit some potential resistance. + +This upwards momentum is going to cause shorts to have to cover, further driving the price upwards. We saw this happen with the meme stocks GME, AMC, NOK, etc... but this is different. ETH is the future of defi and ETH 2.0 is the real deal (over $32 Billion locked into the defi market) + +Based on this, I think 10k is a real possibility in 2021. It may be a spike price, but the upwards trend will continue for ETH, making it a great long term hold opportunity. + +I like ETH more than BTC this year, a lot. Like a whole lot. And I doubt you'll be disappointed if you get in at the $1600 - $1800 levels +I know most people on here wait for trend days and when there are "choppy" sideways days they get killed. But I just don't understand it. On sideways days I do great, easy to pick a range and just trade it back and forth. But on a day like today, when the market goes straight up with no pullbacks, what are you supposed to do? There is nothing that could beat buying the open and selling the close. Literally zero point to trying to enter and exit all day, because if you were caught flat or short at the wrong moment you got left behind. Why do I see this the opposite of the rest of you? +Yes it's true. Despite all the retailers using every trick in the book to try to separate me from my hard earned money, I held strong. Yes, we will do some shopping for the holidays but not this madness that is a retail frenzy for me. My hope is others we as successful in managing and controlling their dollars and credit cards. Good Luck going forward and Happy Holidays to All! + +Edit: Wow! I never expected this great response. Now I will admit, we went to our local Walmart grocery store on Sunday to get some cleaning supplies and food for the house, it wasn't what I consider part of the Black Friday retail weekend experience. I was even telling my wife to stay away from the meat department because we had plenty of ham/turkey from Thanksgiving day. We will be eating ham/turkey sandwiches until it is time to throw it all out....we will freeze some for some lazy weekdays when we don't want to cook. I hope everyone had a great holiday and keep up working on your plan to get to a better financial place. You don't have to be a Scrooge, but work YOUR plan. + +Edit 2: Wow! Silver and Gold for not spending dollars or using credit in the retail spending frenzy. But that is kind of what this sub is about. Make a budget, put some aside for savings/emergencies and you will find a reward for all the hard work. I'm not living on the edge any more but I'm still close enough that I can see the edge. So hang in there everyone. Keep working your plan...I may be one terrible life disaster away from being back in the hole, but it does get better. Thanks to everyone. +ANNOUNCEMENT + +From here on, Posts which include "Should I buy/sell BBOZ/BBUS today/right now/In three minutes/When my wife's boyfriend is finished with her" will not be allowed. Post them in the Daily thread unless you have some DD, or something enough to make a legit discussion thread where you can discuss something (Will Scomo do this pointless descision, or will Trump get sick from too much orange spray and it tanks the market) + +&#x200B; + +&#x200B; + +We are in danger of being flooded with 5 posts a day asking the same questions over and over again when BBOZ goes up or down 1%. Obvious shitposting is different, but it better be either very stupid or creative. + +&#x200B; + +&#x200B; + +Current rules for a YOLO Post are as follows, they will put up somewhere soon, but this sub is a week old. Not even a Priest would suck it off. + +&#x200B; + +&#x200B; + +YOLO Flair rules + +BBOZ= $15k + +BBUS=$10k This is due to the added risk of BBUS malfunctioning during a limit down + +Options/Warrants=$1k For now. Bonus points for shorter expiry dates. + +CFD= To be worked out, neither of us do that shit. Discussion welcome. + +Otherwise, it goes in the daily thread. + +&#x200B; + +Also, if you have trouble editing the wiki, send me or burn a message and we'll look into it. At this point, the flair you all want to have is the coveted "retarded, but less retarded than most". + +&#x200B; + +Discord is [https://discord.gg/BFa5sJa](https://discord.gg/BFa5sJa) It is not anything official yet. It's link may be rescinded at any time we feel like it. +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). +S'up cucks. + +&#x200B; + +The end of the financial year is upon us and the bleeding carcass of our portfolio's will once again be scavenged over by the ATO. The luckier ones amongst us even have the luxury of an accountant to provide them with yet another level of shame to deal with. + +&#x200B; + +Down at **Mod** HQ, we have been thinking about a way to give a little something back to the community. Also, the dungeon was getting full, so we need a clean out. + +&#x200B; + +Over the last few years, we have had all sorts through this place. + +We have had the **piece of shit coward fucks** who have tried to dodge bans, or made bets and never followed through. + +They are forever consigned to the flames. There shall never be any mercy for them. + +&#x200B; + +But, we have also had some proper staunch fuckers that have made ~~foolish~~ bold predictions and been willing to risk a large wager on them who have come up short, taken their medicine and sailed nobly off into the banned lands. + +&#x200B; + +Well, todays the day you poor shmucks get to divert your attention to someone else's plight instead of your own. + +&#x200B; + +Below, you'll find a short blurb on some of our longest cellar dwellers. In the spirit of u/plucky26, a poll has also been commissioned. Cast your vote, the winner will be released from the shackles of their perma-ban to once again haunt our sub-reddit. + +&#x200B; + +**IMPORTANT NOTE**: *Sadly, you'll not find the artist formerly known as* u/BrilliantMove7, our since departed resident troll among the selections. They have nuked the account, which is a pity because they would have gotten my vote for sure. + +&#x200B; + +&#x200B; + +**OPTION 1**: u/AdHot6827 + +This poor fucker took on a [multi leg bet](https://www.reddit.com/r/ASX_Bets/comments/mzbigt/comment/gw0by3g/?utm_source=share&utm_medium=web2x&context=3) with 100K on the line and tripped on the first hurdle. Currently residing in a cell for one serving a perma-ban, that was upped from the original 3 year ban when they made the bet and doubled down. Ouch... + +&#x200B; + +**OPTION 2:** u/Coloneloscoppy + +The only offering not on death row, this perma-bear made a big balls bet on [BBUS](https://www.reddit.com/r/ASX_Bets/comments/r5k2zh/november_is_over_i_lose_long_live_the_bulls_see/?utm_source=share&utm_medium=web2x&context=3), staking a 2 year hiatus on the market tanking. They were off with their timing and currently locked down for the stretch in a room with green candles while all their bear buddies are rejoicing... + +&#x200B; + +**OPTION 3:** u/Tobesity + +I had to go into the basement, behind the forbidden door and into the locked filing cabinet to find this one. Proud owner of the 1 trillion day ban from [survey post death](https://www.reddit.com/r/ASX_Bets/comments/lyyt5q/ahahahahahahahahahahahaahaahahahahahaaahahaahahaha/?utm_source=share&utm_medium=web2x&context=3), this user was not granted amnesty in the great '*'lifting of survey bans*'' last year due to the notoriety of their post. Currently dwelling in the deepest depths of the pit... + +&#x200B; + +**OPTION 4**: u/gorodemon + +This sick fuck took the gamble on 88E being below 0.015 during the [pump phase](https://www.reddit.com/r/ASX_Bets/comments/ml6lt7/comment/gtn8zaa/?utm_source=share&utm_medium=web2x&context=3). Ruin cast them into the flames where they have languished ever since, not even water from the failed drilling project could stop the burned flesh smell.... + +&#x200B; + +**OPTION 5:** u/LackOk2824 + +The original LKE-Tard. Bet on sub favorite to [touch $2](https://www.reddit.com/r/ASX_Bets/comments/l2g0sm/to_all_my_lke_autists/?utm_source=share&utm_medium=web2x&context=3) before chrissy and missed the mark, way before Steve exited stage left with tendies a plenty. Sailed the good ship LKE-tard into oblivion and has been watching from the banned lands ever since... + +&#x200B; + +**OPTION 6:** u/unahbs + +Bet a perma-ban on BECKY fav DUSK [getting to $5](https://www.reddit.com/r/ASX_Bets/comments/n89k9x/comment/gxh89f7/?utm_source=share&utm_medium=web2x&context=3). Fuck knows why, but they have been locked in the scented candle room downstairs for the last 9 months and it's driven them fucking crazy... + +&#x200B; + +You may now set one of these uber degenerates free... + +&#x200B; + +[View Poll](https://www.reddit.com/poll/vo1grd) +Hoping this doesn't get deleted but I wanted to post somewhere it might be appreciated. + +My children have been working their little butts off and saving their pennies for months to buy a Nintendo switch. Today they finally have all the money, including tax. +I just so proud of what they accomplished. I know others can afford to go buy these things for their kids, but I'm glad I at least taught mine how to avoid impulse purchases and save. +Thanks for reading. +lots of bulls still around. lots of people who have seen only V shape recoveries. But now we have a Oil crash and Treasury yields at all time lows. These are historic moves. Until the dip buyers capitulate, we will not see the bottom. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hedge fund shills are spreading disinformation saying $800 is make-or-break for $GME. Call options expiring ITM on Friday will drive the price up if levels are maintained, but may not trigger the short squeeze. + +It may be Friday, but it could be next week the we see the real squeeze. + +DON'T PANIC IF THE SQUEEZE DOESN'T HAPPEN. + +It's not guaranteed to. The only thing that is guaranteed mathematically is that the shorts will have to cover at some point in the future. They are trying to get enough people hooked on the false expectation of Friday so that if/when it doesn't happen, enough will sell out of panic/despair. IMAGINE IF YOU HAD SOLD EARLIER THIS WEEK AT $40! + +WE CAN STAY RETARDED, LONGER THAN YOU CAN STAY SOLVENT!! +Ok so the biggest post of this weekend (or even month) by u/thabat is truly amazing but one part is very wrong and I think it needs some clarification (in case someone doesn't know what post I'm taking about: [https://www.reddit.com/r/Superstonk/comments/pmj9yk/i\_found\_the\_entire\_naked\_shorting\_game\_plan/](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/) ) + +u/thabat is speculating that the number "6347.00" might be the result of dividing $31,735 by 5. Well, it's not. It's just $190.41 (current price) divided by 0.03 (EPS estimate that yahoo is using). + +Don't believe me? [Check this out](https://www.nasdaq.com/market-activity/stocks/gme/price-earnings-peg-ratios): + +&#x200B; + +[https:\/\/www.nasdaq.com\/market-activity\/stocks\/gme\/price-earnings-peg-ratios](https://preview.redd.it/3ll0jzd3r4n71.png?width=828&format=png&auto=webp&s=00a7dc224a3a2ff20e522a26c25c69861b6943cf) + +Nasdaq is saying that the P/E estimate for 2022 is 9520.5. I got hyped as fuck when I saw this but then I asked myself (same as u/thabat) how the fuck did they come up with this? And then I saw in the [other section](https://www.nasdaq.com/market-activity/stocks/gme/earnings) that the EPS estimate for 2022 is 0.02 + +&#x200B; + +[https:\/\/www.nasdaq.com\/market-activity\/stocks\/gme\/earnings](https://preview.redd.it/z3sid75gr4n71.png?width=820&format=png&auto=webp&s=eab35b418afd045a53453562e66a9c74b6991515) + +# 190.41/0.02 = 9520.5 + +# 190.41/0.03 = 6347.0 + +So as for the rest of things in the post (especially float of 249mm and obviously cellar boxing post) I'm really hyped, but this is not one of them. **This just means that Yahoo is using the value of 0.03 as the consensus for EPS forecast.** + +**Learn, buy and hodl!** +There’s a lot of discussion about avoiding lifestyle inflation, and watching that your expenses don’t creep up to match income. I am in full agreement with that, but also wonder which little (or not so little) luxuries you have been able to afford yourself that you totally love. +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. +http://imgur.com/a/FT7le + +I like reading the personal accounts so I thought I'd post mine. + +**2014** + +* June - graduated college with a net worth of $0 (was lucky to not have student loans) + +* August - started working at a job with a $60K salary and $12K sign-on bonus in a LCOL city. Rent was $675 with a roommate. + +* September - bought a new sub-compact car for $17K, which I believe is one of the cheapest new cars to own over 5+ years. I'm hoping that this purchase comes out to costing around or less than $5K/year average. I'm not very knowledgeable about cars so buying a new car seemed like a better option for me than an older car that might require more maintenance. + + +**2015** + +* April - received a $7.5K bonus bringing total year's compensation to about $80K. Also received a raise to $67K. +I hit about $25K net worth around here. + +* July - moved to a HCOL area with income of $75K not including bonus. This was a move my job insisted on, and I was a little uncomfortable with it because $75K in a HCOL area is quite a bit less than $67K in a LCOL area. I justified the move because of the increase in career opportunities ultimately. Rent jumped to $1375. + +**2016** + +* January - I was very unhappy with the team I was on and started feeling depressed because of work as well as compensation. I also had few friends in my new city. I felt I had made a bad career decision and considered looking for a new job. + +* April - My bonus this year was about $10K, bringing total compensation to about $85K. I also received a $2K raise to $77K. I was still unhappy and started looking for a new job. + +* July - I changed teams at work, which was a huge relief because I was so unhappy on my previous team. I still wanted to make more and so I kept looking for new jobs. + +* August - hit my Mint goal of $65K in cash. + +**2017** + +* January - I got offered a new job and brought the offer to my boss, who matched the salary of $95K. I know this isn't recommended, but it was the absolute right decision for me. Can talk more about this if any of you are interested. + +* April - Received an $18K cash bonus + $10K deferred cash (I get it over 2 years), bringing total compensation to $113/$123K depending on how you look at it. I expect my compensation to go up from here pretty rapidly because I've hit a point in my company where they will give equity. + +* May - turned in a large expense report, bringing my official net worth to $100K. Note that this does count my car, which I value at $10K. + +**My thoughts** + +* While I feel proud of saving this much, I think it wasn't that hard to do at my income level. There's definite evidence of lifestyle creep here. I saved about $33K each year, even though my income has gone up. Part of this is the move to a higher COL, but I know I could have saved more here. I don't currently have a roommate, for example, and it's not impossible to think I could have learned more about cars to feel comfortable buying a used car. + +* At the same time, I was fairly depressed in 2015/2016, and I am proud of pulling through. Part of the increase in spending is due to making more friends, which I am proud of doing. As some background, I suffered from extremely severe depression in college, so it's important for me to recognize when finances need to take a backseat to basic happiness. I spend money when it makes my life easier or happier, and I am proud of doing that. What I want to eliminate is spending that doesn't bring me happiness proportionate to the $ amount. + +* I'm very lucky to have started adult life off with no debt. I went to a top college that was very expensive, and I haven't recouped that cost yet (I'm not actually paying my parents back, but I like to think of it that way sometimes). While I wouldn't have been able to get my job without going there, I think there are similar career tracks where I could be making an equivalent amount. When I have kids, I hope to retire in a state that has excellent public colleges (I grew up in a state with very poor public colleges) if we still have the absurd setup that exists now. +I tried posting this during trading hours and it got lost, gonna try to add more info with the new title. I *think they may have been trapped, Madoff style.* + +History doesn't repeat itself but these guys sure tried to rhyme with internalization. + +To start, I'll give a [definition from the SEC](https://www.sec.gov/fast-answers/answersinternalizationhtm.html) + +> **Internalization** + +> When you place an order to buy or sell a stock, your broker has choices on where to execute your order. Instead of routing your order to &gt; a market or market-makers for execution, your broker may fill the order from the firm's own inventory. This is called "internalization." In this way, your broker's firm may make money on the "spread" – which is the difference between the purchase price and the sale price. + +*** + +&nbsp; + + +> On September 14, 1999, Citigroup’s Smith Barney, Morgan Stanley, Merrill Lynch and Goldman Sachs partnered with Madoff to compete with the New York Stock Exchange in a venture called Primex Trading. + +> Madoff had purchased the rights to a new technology called Financial Auction Network (FAN) created by Christopher Keith, a 17-year veteran of technology creation at the New York Stock Exchange (NYSE). Keith had retired from the NYSE and started a technology think tank in lower Manhattan in the early 1990s called Exchange Lab. FAN was one of the early technology offerings and the rights to develop it were bought by Madoff, ostensibly with stolen customer funds it now appears. The firm that emerged was Primex Trading, a division of Primex Holdings. + +> In addition to Keith from the New York Stock Exchange, Primex hired Glen Shipway, the Executive Vice President of Nasdaq, whose duties had included market surveillance of broker dealers. Madoff and his big Wall Street partners told the press that the purpose of the venture was to bring better price execution on stock trades to the investing public. A very different motive was at work. + +> [The real goal for Primex was to legitimize the highly questionable practice of “internalization,” where big Wall Street firms match their customers’ buy and sell orders in house.](https://www.nytimes.com/1999/09/14/business/4-leading-securities-firms-join-forces-to-back-primex.html) + +&nbsp; + +*** + +&nbsp; + +*Fast forward 2 decades* + +> [Morgan Stanley, Fidelity and Citadel Securities among backers of new ‘Members Exchange’](https://www.wsj.com/articles/wall-street-firms-plan-new-exchange-to-challenge-nyse-nasdaq-11546866121) + +> A group of financial heavyweights including Morgan Stanley, Fidelity Investments and Citadel Securities LLC plans to launch a new low-cost stock exchange to challenge the New York Stock Exchange and Nasdaq Inc., the companies said. + + +> The creation of the new venue, called Members Exchange or MEMX, comes after years of frustration among Wall Street brokers and traders with the fees charged by U.S. stock exchanges. + +&nbsp; + +> The MEMX, or “Members Exchange,” will be owned by a group that includes the retail-oriented firms Charles Schwab (SCHW), TD Ameritrade (AMTD), E*Trade Financial (ETFC), and Fidelity Investments; the investment banks Bank of America Merrill Lynch (BAC), Morgan Stanley (MS), and UBS Group (UBS); and the computerized market makers Citadel Securities and Virtu Financial (VIRT). The founders said the new trading venue will feature lower costs, greater transparency, and simplified order types. + +> The do-it-yourself initiative follows years of bitter feuds that the exchanges and brokerage firms had fought in the rule-making process of the U.S. Securities and Exchange Commission. Exchanges tried unsuccessfully to push through a “trade-at” rule, allowing traders to designated a particular exchange for the execution of their orders, while brokers and market makers sought rules to limit the fees that exchanges charge for price data and for access to their trading venues. In their announcement, the MEMX group notes that three businesses (ICE, Nasdaq, and Cboe) now own 12 of the 13 U.S. stock exchanges. + +&nbsp; + +Oh you wanna ban PFOF? They'll make a free version to keep going. + +> The Members Exchange, an upstart exchange backed by the likes of JPMorgan, Goldman Sachs, and Citadel Securities, is putting its market data on a blockchain network in a nod towards the potential future of how Wall Street accesses its information. + +> [The equities exchange is offering free access to its real-time pricing data on the Pyth Network, a distributor of financial market-data that sits on the Solana blockchain.](https://www.businessinsider.com/memx-stock-exchange-market-data-pyth-network-solana-blockchain-2021-10) + +That they can then charge for after people forget about PFOF + +> [MEMX launched with free market data and connectivity and is still not charging but Kellner said MEMX will bring in fees when the exchange reaches a certain market share.](https://www.tradersmagazine.com/uncategorized/memx-to-launch-retail-focused-midpoint-order/) + +&nbsp; + +While arguing they should be able to cellar box faster by trading half pennies. + +> Investors could see Apple Inc. and Bank of America Corp. stocks selling for $152.005 or $42.115 a share if regulators sign off on a proposal submitted this week. + +> [Members Exchange, a startup exchange backed by major Wall Street firms, said in a proposal that the Securities and Exchange Commission should allow some heavily traded stocks to be priced in increments of half a cent.](https://www.wsj.com/articles/members-exchange-urges-regulators-to-allow-half-penny-stock-prices-11630402202) + +&nbsp; + +But at the same time, are removing actual market improvements to protect against internalizing via lawsuit. + +> [Citadel Securities sues SEC over approval of new stock-order type](https://www.reuters.com/article/us-citadel-securities-sec-iex-group-laws-idUSKBN27201E) + +> The lawsuit, which was filed on Friday and first reported by the Wall Street Journal, increases Citadel Securities' dispute over IEX's "D-Limit" order type. The D-Limit is designed to give traders a way to buy or sell stocks at the exchange while protecting them against unfavorable price moves. + +&nbsp; + +Look who was fined for doing this in 2017 + +> The Securities and Exchange Commission today announced that Citadel Securities LLC has agreed to pay $22.6 million to settle charges that its business unit handling retail customer orders from other brokerage firms made misleading statements to them about the way it priced trades. + + +> [The SEC’s order finds that Citadel Execution Services suggested to its broker-dealer clients that upon receiving retail orders they forwarded from their own customers, it either took the other side of the trade and provided the best price that it observed on various market data feeds or sought to obtain that price in the marketplace.  The process of taking the other side of the trade of the retail orders is known as “internalization.”](https://www.sec.gov/news/pressrelease/2017-11.html) + +Here's a great [image explaining it from the article]( https://imgur.com/z7dToxE.jpg) + +> But the SEC’s order finds that two algorithms used by Citadel Securities did not internalize retail orders at the best price observed nor sought to obtain the best price in the marketplace.  These algorithms were triggered when they identified differences in the best prices on market feeds, comparing the SIP feeds to the direct feeds from exchanges.  One strategy, known as FastFill, immediately internalized an order at a price that was not the best price for the order that Citadel Securities observed.  The other strategy, known as SmartProvide, routed an order to the market that was not priced to obtain immediately the best price that Citadel Securities observed.  + +Note: see how PFOF would make that crazy strong? + + +&nbsp; + +Even [Dlauer mentions they knew this shit about PFOF and internalizing in 2004](https://www.twitter.com/dlauer/status/1423036232288849920) guess they saw no one do anything about it so they went for it. + +> Citadel made the exact same arguments in 2004 about PFOF and "internalization without material price improvement." This is not a fringe or extreme argument, and it's the law in most other countries. + + +&nbsp; + +Who exactly is having issues DRSing your shares? Sure looks like those participating in MEMX... + + +&nbsp; + +A couple other exchanges and brokers who have gained market share since January also have some history. + +> Fourteen trading firms, including subsidiaries of some of Wall Street’s top banks, on Wednesday agreed to pay a total of nearly $70m to settle civil charges that included allegations they “traded ahead” of clients for their own benefit. + +> The settlements announced on Wednesday by the US Securities and Exchange Commission involved violations that allegedly occurred from 1999-2005 on the American Stock Exchange, the Chicago Board Options Exchange, the Philadelphia Stock Exchange and the Chicago Stock Exchange. + +> “These firms violated the public trust by abusing the privileged position they had as specialists on the various exchanges,” claimed James Clarkson, acting director of the SEC’s New York regional office. + +> [Among those settling were Goldman Sachs Execution &amp; Clearing and SLK-Hull Derivatives, which Goldman purchased in 2000. The SEC alleged in its complaint that improper trades by those two firms cost investors about $6m.](https://www.ft.com/content/866f2990-0903-11de-b8b0-0000779fd2ac) + +> [Other parties to the settlement included Automated Trading Desk Specialists, since acquired by Citigroup, ETrade Capital Markets, and Susquehanna Investment Services.](https://www.ft.com/content/866f2990-0903-11de-b8b0-0000779fd2ac) + +&nbsp; + +*Side note,* that [Goldman DMM shit is owned by Citadel now.](https://www.prnewswire.com/news-releases/citadel-securities-reaches-preliminary-agreement-to-acquire-dmm-unit-from-imc-301149075.html) + +> Citadel Securities, a leading global market maker, today announced that it has reached a preliminary agreement to acquire IMC's Designated Market Making (DMM) business on the floor of the New York Stock Exchange (NYSE). + +> IMC has been a DMM on the NYSE since 2014, when it acquired Goldman Sachs' DMM business. Since 2014, IMC has expanded its market making operations with an increased focus on ETFS and options and has also increased its U.S. operations almost two-fold to nearly 400 people in support of its trading operations growth. The sale of the DMM business at this time, which represents a small portion of its overall U.S. operations, is consistent with IMC's growth strategy. IMC is committed to growing its ETF and options business, as evidenced by its ongoing performance as a Lead Market Maker in over 150 ETFs and a Lead Market Maker in over 500 Options classes, as well as registered market maker in all products it trades.   + +&nbsp; + +*** + +Go read [Madoff's papers from prison he talks about:](https://www.forbes.com/sites/dianabhenriques/2012/03/20/exclusive-the-secret-madoff-prison-letters/) + +> Feb. 3, 2012 6:46 A.M. … It was perfectly proper to short [my clients] securities or purchase those positions back from those clients or others with any profit or loss recorded on my books. … The point is that this was my practice prior to the time that I fell into my crime of ­staying Naked Short. The fact that the prosecutor and Trustee seemed clueless of this is why my frustration is so great. + + +> In order to avoid an ugly period of litigation and negative press, I agreed to take over the contra side of the hedge transactions with the understanding that the domestic client would hold me harmless from the losses on the hedge transactions. Provisions were made in the client’s trust agreements and wills to protect me even in the event of their death. Their hope was that the market would continue to sell off and erase the hedge loss. Unfortunately the ­opposite occurred. The market moved higher (post-crash), resulting in huge loses on the naked short hedge position. + +> For a period the client sent in bonds and cash to cover the margin calls but after a time claimed his inability to help due to his tax and other investment obligations. He assured me he would be able to re-liquify in time and honor his agreement. + +> The rest is history. + + +&nbsp; + + +> Nov. 24, 2011 6:51 P.M. … When you look at my RIDDLE [in the Nov. 23 letter], consider the fact that there was in fact no crime until I did not have enough capital in the firm to cover the losses. There is your real STORY. + +&nbsp; + +> Dec. 13, 2011 12:35 A.M. I know you might think I am rationalizing my actions, and to some degree that may be true … + +> I keep asking myself how I let this happen. … The reality is that for thirty some years I was successful earning substantial legitimate profits for everyone. Then I did allow myself to be put into a terrible financial situation because of a few trusted clients. This was my own ego and weakness to please that has always been my nature. I can blame no one but myself for allowing this to happen. … + +&nbsp; + +*** + +&nbsp; + +To [quote /u/j4_jjjj](https://reddit.com/r/Superstonk/comments/q3cdox/isnt_it_weird_how_the_inventor_of_the_biggest/hfr3tgr) + + +> Adding on some more info: + +> Payment for order flow (PFOF) is the compensation, as much as 1 penny per share, that a stockbroker receives from a market maker in exchange for the broker routing its clients' trades to that market maker.[1] ***It is a controversial practice that has been called a "kickback"***.[2] + +> In general, market makers are willing to pay brokers for the right to fulfill small retail orders. The market maker makes a profit from the bid-ask spread and rebates a portion of this profit to the routing broker as PFOF. Another fraction of a penny per share may be routed back to the consumer as price improvement. + +> Notice here in the next part, it shows the main brokers who use PFOF: + +> Brokers in the United States that accept payment for order flow include ***Robinhood, E-Trade, Ally Financial, Webull, Tradestation, The Vanguard Group, Charles Schwab Corporation, and TD Ameritrade*** + +> which highlights EXACTLY why people are having trouble transferring from those, and users on fidelity and ibroker are having very little issues. + +> https://en.wikipedia.org/wiki/Payment_for_order_flow + +> # Buy. DRS. H♾️dl. + +&nbsp; + +*** + +&nbsp; + +*To translate this differently:* + +Broker has agreed to send their orders to the guy paying them a kickback in return for being told what everyone is buying. (The scam known as PFOF) + +Kickback guy (market maker) grabs a basket of trades and decides if they will; + +* buy the shares now at a lower price, and sell to the costumer much later after a ton of orders have come in, pocket the difference and kickback a bit to the broker (this is a bet the stock will go up) + +Or + + +* not buy the shares, but still sell the orders [(Madoff exemption)](https://www.reuters.com/article/us-madoff-sec-remarks-idUKTRE4BG6US20081217). With a plan to buy the shares later at a lower price and pocket the difference and kickback to the broker. (this is a bet the stock will go down) + +The market makers made a bet the stocks would go down, didn't buy the baskets of stocks. It went up and hasn't gone back down. Leaving not only the market maker naked short, the brokers using PFOF with the market maker that made that bet are also 2nd degree naked short as they never got the shares from the MM who made the bet but doesn't have the cash to buy all the shit back they need later. + +Now you tell me why Goldman is [jumping to BNY Mellon just as they start a line of credit with Citadel Europe (who closed their office the same month, only to announce one still not open)](https://reddit.com/r/Superstonk/comments/q50q3j/was_bny_mellon_taken_over_by_goldman_from_the/) (title is salacious sorry) + + +&nbsp; + +**Side note** ***guess who was giving loans to Robinhood in January*** + +> [Robinhood’s lenders include JPMorgan Chase & Co. and Goldman Sachs Group Inc., according to data compiled by Bloomberg.](https://www.bloomberg.com/news/articles/2021-01-28/robinhood-is-said-to-draw-on-credit-lines-from-banks-amid-tumult) + + +TA:DR; + +Madoff got fucked by an event like January where he bet the opposite market move would happen. Kenny boy might be on the hook and being handed loans to stave Marge via a line of credit with BNY Mellon and their EU office. *He's getting loans from his triparty bank.* + +This info came about, [trying to figure out why BNY had the 4.1M shares in put contracts in Brazil that keep disappearing from Bloomberg terminal.](https://www.reddit.com/r/Superstonk/comments/q50q3j/was_bny_mellon_taken_over_by_goldman_from_the/) Turns out Goldman execs are moving to BNY in sync with decisions elsewhere like an exec joining Citadel and a line of credit opening for Citadel. + +in addition to utilizing PFOF this way it is also a possibility a greedy MM would be buying options in line with the way the were selling shares as they knew the trajectory. + +Meaning [those puts](https://www.reddit.com/r/Superstonk/comments/plxc2m/bloomberg_terminal_released_45m_shares_hiding_in/) might quite be real. And Goldman took them [with this company](https://imgur.com/a/VDeKsIv) to send them to [Brazil via BNY Mellon](https://imgur.com/2uTQgH9.jpg) to hide them from Reg SHO (FTDs). + + +After all [Goldman Sachs is the clearing broker for Citadel](https://www.reddit.com/gallery/meov7p) "and in that capacity may have custody of funds or securities of Citadel Securities LLC" +There are a LOT of posts in new, many making their way towards the front page, about how the Shorts Available to Borrow data that we’ve been looking at for months seems to show that there are very few shares being lent out today. + +Now, of course, this may turn out to be a good thing - and I really hope that it is! But it’s too early in the day to tell. I don’t want apes to get their hopes up based on incomplete data, and I certainly don’t want anyone to fall for the first stages of a potential FUD campaign. + +In short (teehee), SHARES AVAILABLE TO BORROW DOESN’T MEAN SHIT WHEN THEY CAN JUST CREATE SHARES OUT OF THIN AIR TO SELL SHORT. + +We know that they can do this. That’s the whole reason they’ve found themselves in the mess that they’re in. Which means, of course, that THE NUMBER OF SHARES AVAILABLE TO BORROW WILL NOT NECESSARILY CORRELATE WITH PRICE ACTION, IF NAKED SHORTING IS OCCURRING. + +If I was Shitadel, this close to the Gamestop shareholder’s meeting and with a vote count, potential transformation roadmap and NFT news on the cards, I would no longer give a flying fuck about trying to limit naked shorting. I would go ALL OUT. + +And you know what else I would do? + +I would, in tandem with naked shorting the shit out of GME, try every trick in the book to make it look like a natural sell off - including, but not limited to, failing to mark sales as short, flooding reddit (especially wsb) with GME gain porn, and MAKING IT APPEAR AS IF THERE ARE NO SHARES AVAILABLE TO SHORT. + +Now, I may be wrong, and there may actually be no shares available to short - but we have known for months now that the iBorrow data on this is incomplete, and only represents a handful of brokers, if that. Shitadel and co. will certainly be aware that we’ve been tracking it. + +Personally, I’m expecting major fuckery today, just like every day. + +As ever though, if the MOASS doesn’t happen today, it’ll happen tomorrow. And if not tomorrow, then it’ll happen the day after, repeat ad infinitum. It is, after all, inevitable. + +Love to all apes, BUY HOLD VOTE. + +Tldr; shares available to borrow doesn’t mean anything when you can naked short with impunity. Be wary of a potential FUD campaign based around incomplete iBorrow data. BUY HOLD VOTE. + +Edit: For the record, I hope that I’m wrong and the shares available to borrow data really is the canary in the coal mine for the MOASS. However, many previous FUD campaigns have started with a huge swathe of posts on the same topic flooding New, and a little critical thinking never hurt anybody. BUY HOLD VOTE. + +Edit 2: Do not think this post is trying to make people wait for a dip that never comes. Time in the market beats timing the market, after all. I’ve been buying dips, rips, tips and shits for months now. Waiting and trying to time a dip in order to buy is, in my opinion, daft as fuck - especially when we know that the price could take off into the stratosphere at any moment. +House prices show no sign of slowing down yet, having risen by almost 8% over the last year with the vast majority of that coming in the last five months. + +The last five months from July to November have seen the average house price rise by 6.5% – the strongest five-month gain since 2004, according to the latest Halifax House Price Index. + +The price of an average property rose by 1.2% in November to £253,243 taking it 7.6% higher than November last year. + + +Source: Yourmoney.com + + +So the reduction in stamp duty led to a predictable rise in house prices thereby wiping out the stamp duty savings. +I have a simple truth, one that you have probably seen before and dismissed but I can certainly tell you is the only reason you are not profitable. There is only one difference between you now and unlimited potential. I will tell you now how I am profitable, how I do this full time. I have a repeatable, back tested by myself edge, I only trade that edge and I beat it into the ground. I am not going to just leave you hanging with that I am going to give you suggestions. + +&#x200B; + +1. One is develop your edge, you might find it in technical analysis like I do or it may be something fundamental but you have to back test it and manually, automatic back tests can never be true to how you yourself would trade something and therefore can never be accurate due to lack of objectivity. You must back test as if you were trading it live, like oh that was a huge candle I would have definitely moved my stop loss there, or you will have no idea how YOU would profit with it. +2. Don't obsess on what the edge is just make sure it fits the frequency and trading style you desire and have respectively. It can be the most boring setup in the world but you will take it, every single time it appears without fail you are in the market to make money not screw around. The one time you miss it might be the one time the setup hit a home run and produces insane returns. I have been on 900 pip movements in forex setups that lasted less than 8 hours, they happen. I was in MRNA options last month when it popped 140+ dollars in 2 weeks. Do not ignore your setup when it appears because a "gut" feeling. +3. Your feelings are irrelevant. You show me an emotional man and I will show you a bad trader. If you are too attached to your money, you are trading too large with your capital that you cannot afford to lose. You have to be stalwart, if you enter a position with logic do you think you should exit it with emotion? No amount of size changes that the trade is still the same trade. +4. Stop losses. They don't have to be physical but they damn sure better be there at least mentally and you better keep them. If your winners and losers both run you will have no consistency and will never be able to do it full time, furthermore most people cut winners short because they don't want them to become losers and they let losers run hoping for a last minute turn around. Don't, it is bad practice and you will only become profitable with best practices. +5. Trail your profits. This one is debatable but assuming you have sane trailing stops this is your best bet. I worked as an analyst for years and still have no idea how far a trade might go. Why leave it up to conjecture? Just trail it until it hits. +6. Data is your friend. If you don't have eidetic memory you need to record your trades. Bonus if you use a program that records them automatically like [forex](https://forex.com).com. Why? Digital data points. Recording manually is fine but being able to easily filter trends and data into subsets like what days and times am I trading at my best is a real competitive edge. + +There is nothing more to trading. There is no mystery. No mysterious force. You do the above and you will see life from the mountain top. There is no limit to the amount of money you can make. Speaking from first hand knowledge. You will only be limited by your goals and your ambition. Do not put this off. Start changing today. Research some strategies and go back test them manually. First step. Get off reddit. Come back when you have something good to tell me. There is literally no more than this. Everything else is elegant overcomplications, you don't need a guru, mentor or course. You need yourself and time and effort. Go. +Long time lurker here, I've been seeing quite a few questions regarding the worst financial choices made across Reddit, so thought I'd ask what the best financial decision you've ever made is and why? + + +These could range from good investment opportunities to just sensible planning budget wise. + + +Also any advice on how to follow your good financial decisions would be greatly appreciated! +Sorry if this has been posted before, but I looked through everything and cant find specifics, which is what I am curious about. + +Say you get in on a coin before the main stream media gets wind, basically any of the recent ones that have just blown up. Usually what precipitates a blow up is the coins addition to major platforms like Coinbase, Robinhood, etc. + +How do you cash out? Your $1000 dollar investment is now worth 10 Million (whatever, made up numbers), so now what? Your coins are probably in whatever wallet you use. Do you just transfer and cash out? +What's up Apes + +TLDR at the bottom. + +I've been sitting on my FOIA requests for about two months now, not wanting to make a post until I received an actual response. My request for a fee waiver was granted, so I didn't have to spend any $$$ better suited for more crayons to shove between my gorilla molars, but my request for an expedited process was denied. Apparently the financial risks to hundreds of thousands of Ape wallets doesn't constitute a national emergency, so I had to wait two more months before hearing anything back. + +Imagine my delight this week when those emails finally popped up in my inbox. Unlike *some* people (or government agencies), I won't waste any time scratching my own balls before sharing this information with those that deserve it. One, because anatomically I don't have any balls, and two, because fucking duh. + +(In all seriousness though, I'm just being coy. It could very well have taken them two months to scour all their records. I know jack shit about what kind of archives and record-keeping systems they have up in the SEC.) + +Also, none of this is financial advice. I'm literally an idiot. And nothing in this post is meant, in any shape or form, as any type of advice, financial or otherwise. I'm just a little ape who sent in an FOIA request, got a response, and am sharing it with the sub. What you do with this information is your own prerogative. I'm still HODL because that's *my* prerogative. + +# Before I get into it, though, some background. + +For those of you who are unaware, the Freedom of Information Act allows members of the public (like you and me) "the right to request access to records from any federal agency." These federal agencies are required to disclose information requested under the FOIA **unless** the information falls under one of nine exemptions with the general purpose of protecting personal privacy, law enforcement, and national security (because fucking duh). In which case, the individual who requested the information will receive a polite little email to tell them that their request will not be granted (and a list of the relevant exemptions why). + +The nine exemptions are, in detail (found on the [FOIA.gov](https://FOIA.gov) [FAQ](https://www.foia.gov/faq.html)): + +>**Exemption 1:** Information that is classified to protect national security. +> +>**Exemption 2:** Information related solely to the internal personnel rules and practices of an agency. +> +>**Exemption 3:** Information that is prohibited from disclosure by another federal law. +> +>**Exemption 4:** Trade secrets or commercial or financial information that is confidential or privileged. +> +>**Exemption 5:** Privileged communications within or between agencies, including those protected by the: +> +>\- Deliberative Process Privilege (provided the records were created less than 25 years before the date on which they were requested) +> +>\- Attorney-Work Product Privilege +> +>\- Attorney-Client Privilege +> +>**Exemption 6:** Information that, if disclosed, would invade another individual’s personal privacy. +> +>**Exemption 7:** Information compiled for law enforcement purposes that: +> +>\- 7(A). Could reasonably be expected to interfere with enforcement proceedings +> +>\- 7(B). Would deprive a person of a right to a fair trial or an impartial adjudication +> +>\- 7(C). Could reasonably be expected to constitute an unwarranted invasion of personal privacy +> +>\- 7(D). Could reasonably be expected to disclose the identity of a confidential source +> +>\- 7(E). Would disclose techniques and procedures for law enforcement investigations or prosecutions, or would disclose guidelines for law enforcement investigations or prosecutions if such disclosure could reasonably be expected to risk circumvention of the law +> +>\- 7(F). Could reasonably be expected to endanger the life or physical safety of any individual +> +>**Exemption 8:** Information that concerns the supervision of financial institutions. +> +>**Exemption 9:** Geological information on wells. + +# + +# My FOIA Request + +On April 2nd, 2021, I submitted a Freedom of Information Act request to the SEC. I specifically requested records **between and otherwise concerning** the SEC and Reddit, Gamestop, Citadel, Robinhood, and Melvin Capital, including any and all communications and investigations revolving around Gamestop and GME. The SEC responded four days later, splitting my bulk request into five individual requests: + +1. **21-01374-FOIA**: for any and all documents, internal communications, communications, and complaints between the *SEC and Gamestop* +2. **21-01375-FOIA**: for any and all documents, internal communications, communications, and complaints between the *SEC and Citadel* +3. **21-01376-FOIA**: for any and all documents, internal communications, communications, and complaints between the *SEC and Robinhood* +4. **21-01377-FOIA**: for any and all documents, internal communications, communications, and complaints between the *SEC and Melvin Capital* +5. **21-01378-FOIA**: for any and all documents, internal communications, communications, and complaints between the *SEC and Reddit* + +In the same response, I received a fee waiver (I was classified under the "educational" fee category, probably because I cited the purpose of my FOIA request was to gain and share valuable information regarding SEC's involvements in matters relevant to Gamestop investors. For the "educational" category, search and review services are free.) However, my request for an expedited process was denied, because I failed to demonstrate a "compelling need". To quote from the letter they sent me: + +>"Compelling need" means that a failure to obtain the requested records on an expedited basis could reasonably be expected to pose an imminent threat to an individual's life or physical safety or, if the requester is primarily engaged in disseminating information, by demonstrating that an urgency to inform the public of actual or alleged Federal government activity exists. + +Obviously, I disagreed. But I didn't disagree enough to bother with a lengthy appeal process, so I sucked it up. + +&#x200B; + +# Final FOIA Responses + +Well, finally, after nearly two months, I received a final response on two of my five requests. I figured I'd share them both with y'all now, rather than wait for all five to come in, because god knows how much longer that'll take. + +Now, I'm a bit technologically inept, so I have no idea how to include the email PDFs as images within this text post. I'll downloaded them to ~~my google drive~~ Imgur and I'll add the links--hopefully you'll be able to access them that way. If the links don't work, let me know and I'll try to fix it. And if there's a better way to do it, please let me know. Giving you guys access to the links is mostly for verification purposes--I'll disseminate the main points within the letters in this post. Also, for privacy purposes, in the links I inked out my name and the name of the FOIA employees who processed the requests. Hope you guys don't mind. + +So, without further ado: + +On May 19th, I received a final response regarding Request No. **21-0177-FOIA**. In this request, I asked for "any and all documents, internal communications, communications, and complaints between the **SEC and Melvin Capital**". + +This request was not "denied", per say. The language used in the letter was "withheld". In any case, the conclusion is the same: 'no, we're not going you these records.' If you recall what I said above, this is legal under nine exemptions. The relevant exemptions they cited in the response--that is, the exemptions they're using to withhold the information from me in this case, are: + +>"FOIA Exemption 3, which protects records or information that are specifically exempted from disclosure by statute. Pursuant to 15 U.S.C. 78u-6(h)(2)(A), the Commission shall not disclose any information, including information provided by a whistleblower to the Commission, which could reasonably be expected to reveal the identity of a whistleblower; +> +>FOIA Exemption 6, which protects information the release of which would constitute a clearly unwarranted invasion of personal privacy; +> +>FOIA Exemption 7(A), which protects records or information when disclosure could reasonably be expected to interfere with law enforcement proceedings; +> +>FOIA Exemption 7(C), which protects records or information when disclosure could reasonably be expected to constitute an unwarranted invasion of personal privacy; and +> +>FOIA Exemption 7(D), which protects records or information that could reasonably be expected to reveal the identity of a confidential source." + +My Immediate takeaways: + +While it sucks that I've been denied the information, even denial of information in of itself is informative. **This is clear evidence that an investigation IS taking place into Melvin Capital. A whistleblower HAS stepped up, and has been verified enough to be protected.** + +This is not proof that the SEC is investigating Melvin regarding it's involvement in GME. While that was the intent of my original request, if you remember, my bulk request was split into five individual requests, each regarding the SEC and one of five organizations (and any relevancy to Gamestop is no longer explicit). When reading the language used in this letter, there's no indication that the records being withheld have anything to do with an investigating into Melvin Capital *and Gamestop*. ONLY that Melvin is being investigated for *something*. + +You can see the full letter here (I hope): [https://imgur.com/a/Q8FX8yI](https://imgur.com/a/Q8FX8yI) + +&#x200B; + +On May 20th, I received a final response regarding Request No. **21-01378-FOIA**. In this request, I asked for "any and all documents, internal communications, communications, and complaints between the **SEC and Reddit**". Keep in mind that this was nearly two months ago, when there was still a lot of talk about us and joint market manipulation, which, you know, was and still is fucking stupid. + +Anyways, this letter is even more disappointing than the one about Melvin: + +>"...we conducted a thorough search of the SEC’s various systems of records, but did not locate or identify any information responsive to your request." + +This feels.....misleading. There was a lot of talk about investigating Redditors for this whole debacle, no? Am I, like, being delusional? The SEC really has NOTHING about Reddit, or individual Redditors? No communications? No complaints? + +I was very specific about my intentions in my request, but perhaps the SEC pulled a sneaky and deliberately re-phrased my request to be about records/communications/complaints **between** the SEC and Reddit as opposed to records/communications/complaints **about** Reddit. Which, in my unprofessional opinion, would be ridiculously shady. I don't have any evidence that this is what happened, but it's what makes the most sense to me at the moment. + +**This letter is as inconclusive as it gets.** I need some more time to think about it, though I'm probably going to file an appeal. Your thoughts would be appreciated. + +You can see the full letter here (I hope): [https://imgur.com/a/d0MHRgc](https://imgur.com/a/d0MHRgc) + +&#x200B; + +I'll keep you guys updated as I get more responses. I imagine the other three regarding Citadel, Gamestop, and Robinhood are taking longer because there's a lot more for the FOIA people to comb through. **Perhaps** this in of itself is evidence that there's some juicy stuff going on here at the SEC. At this point, though, that's nothing more than educated conjecture. + +Thanks for reading! I know this was fucking long. Sorry about that. Your thoughts are appreciated. + +And if TLDR: The SEC responded to my Freedom of Information Request to tell me that they can't disclose anything regarding Melvin in order to protect current law enforcement proceedings and the identity of a whistleblower/s. Further, no records, communications, complaints, and any and all other documents exist between the SEC and Reddit. That isn't to say nothing exists **about** Reddit, only **between** the SEC and Reddit. Semantics is everything in bureaucracy, so this is shady AF. + +&#x200B; + +EDIT + UPDATE: Changed Google Drive links to Imgur links. Also fixed a typo. + +Thank you guys so much! I'm really glad that you're all finding this information helpful. + +After some discussion in the comments, I've decided to call the FOIA employee in charge of my requests tomorrow to discuss the specific semantics about my request and how they interpreted it. I'll update this post afterwards to let y'all know how it goes. + +&#x200B; + +# UPDATE 2 BOOGALOO: + +Good morning Apes! Or afternoon, or evening. + +Thank you for your patience! + +I spoke to the FOIA research specialist in charge of my Reddit and Melvin request. We’ll call her Ally, to help keep this update coherent—she was very thankful when I told her that I had redacted her name from the letters before posting them to Reddit, so please forgive me when I insist on using a pseudonym here on out. + +I want to make one thing exceptionally clear: I’m being absolutely transparent in everything I tell you. I’ve gained some juicy confirmation today, and I’m going to leave nothing out. I’ve also made a few mistakes, and I’m going to tell you all of them. My goal here is to share everything I know, along with my opinions, and leave you to reach your own conclusions. + +I called Ally this morning. Her office email and phone number were on the response letter. She was a real sweetheart and spoke to me for a full hour while I unloaded each of my questions in a hundred different ways. I continually rephrased my questions and mentally noted any discrepancies in her answers, so keep that in mind as I give you the general run-down. + +I’ve got a lot to share with y’all, so please bear with me. + +# MY ORIGINAL REQUEST + +First and foremost, a lot of you pointed out that the phrasing I used in my original request could have severely impacted the ultimate results. Unfortunately, I don’t have a copy of my original request on hand. FOIA requests for the SEC are submitted through a form on their website, and I wasn’t clever enough to save a screenshot before I hit submit on April 2nd. + +On April 5th, I received a total of SIX emails—one that informed me that my bulk request would be split into five, and then five separate acknowledgement emails to confirm each individual request. (I didn’t include those in my original post because I honestly didn’t think they were relevant, but if y’all are interested, I don’t mind uploading them.) + +I remembered that my original request was a bit more specific than the phrasing used on these letters, so the first thing I asked Alley was if she could send me a copy of my original request. She wasn’t sure what the proper procedures were and told me to email her about it and she would get back to me on Monday (I’ll be doing that after I post this). HOWEVER, she didn’t have any problem with reading my original request out loud. Bureaucracy, go figure. + +My original request (verbatim to the best of my abilities—I’ll update this post when I finally receive a copy of my original request next week): “Any and all documents, internal communications, communications, and complaints between the SEC and Gamestop, Citadel, Robinhood, Melvin Capital, and Reddit, related to investigations of the manipulation or shorting of Gamestop security, repurchase and reverse re-purchase agreements, and treasury bonds.” + +Time range: December 2018 to the present + +So yes, unfortunately, I did use the word “between” rather than “about”. Theory discredited, idiocy confirmed. + +Because I said “between”, the people searching the records narrowed their search to meet this criterion. So, it’s not necessarily that they deliberately withheld information using my specific wording as an excuse (ie, I only asked for X, so they’re only going to give me X and not a smidgen more), but that my specific wording acted as the boundary for the scope of the search (ie, I asked for X, so they only searched for X). + +# THE THREE BIGGIES + +According to Ally, the three words/phrases that likely had the largest impact on my FOIA search were my use of: + +* “between” +* “Investigations” +* “repurchase and reverse re-purchase agreements” + +Because I said “**between**”, it’s possible that they only searched the records and correspondences exchanged between the SEC and the specified companies. Any records and complaints (and Ally placed a large emphasis on complaints) ABOUT any of the five companies (again, Gamestop, Reddit, Robinhood, Citadel, and Melvin) would not *necessarily* appear in the search. + +Because I said “investigations”, the search was narrowed to only include any records and information related to an *investigation*. Public and customer complaints unrelated to an investigation would not be included. Because the response to my FOIA request regarding Melvin Capital was a denial of records, I asked Ally if I could reasonably assume that it meant an investigation was, in fact, taking place. She said, “I cannot confirm nor deny”, (fucking duh), but at another point in the conversation she agreed that, **given the reasons the SEC is denying access to these records, we can reasonably put together that an “inquiry” is “going on”.** This is not phrased to be a guarantee, or a confirmation. But it’s pretty damning. She gave a similar response when I specifically asked if the mention of **Exemption 3 can be interpreted to mean that a whistleblower exists.** + +The third I found a bit odd. My request was a general request for any and all records “related to investigations of the manipulation or shorting of GME, repurchase and reverse repurchase agreements, and treasury bonds”. (Remember I submitted this two months ago, when these were the hot topics on whatever subreddit we were using at the time). However, Ally kept emphasizing my use of the phrase “repurchase and reverse repurchase agreements”. Really, she kept going back to it, isolating this specific phrase from the rest. She said that if I submitted a new request without this specific phrase, it’s possible that I would receive a different result. She said that because I used this phrase, this is what the people “definitely” searched for. More, she said that with the search’s scope narrowed to repurchase and reverse repurchase agreements and treasury bonds, that’s probably why the final outcome of the request was a withholding of records. + +It felt fucking odd that she kept emphasizing “repurchase and reverse repurchase agreements” as opposed to the other things in my request. I kept returning to this point, asking for clarifications, and she grew *very* careful in how she responded. I asked whether records would be denied if I hypothetically submitted a new request excluding that phrase. She said, enthusiastically, it “might”. She said there’s no guarantee. She said it would be “worth a shot”. She seemed encouraging, but at times overly hesitant. + +It's difficult to properly convey tone over text. So I’ll tell you that, *personally*, through a mix of Ally’s tone, the conversation’s content, and my own internal speculation, the vibe I’m getting is that the records regarding Melvin were denied because of an existing and ongoing investigation related to repurchase and reverse repurchase agreements. This is speculation. Make of it what you will. + +At the very least, this means that all five requests are, in fact, still related in some way to GME, repurchase and reverse repurchase agreements, and/or treasury bonds. + +# WHERE ARE THE WELLS??? + +I asked Ally about exemption 4 and 9, because there was some interest in the comments. + +Regarding exemption 4, Ally said that it’s mainly used when someone is trying to get trade secrets, how a company operates, their financial information, that might be covered under a confidential order. + +When I asked about exemption 9, she laughed and exclaimed ‘are you kidding me!’ Apparently, for *some* reason, and I can’t possibly imagine why, the SEC doesn’t exercise exemption 9 very often. In fact, Ally hasn’t seen it happen once in the past 15 years. The FOIA and its exemptions are standard across every U.S federal agency, so it’s an exemption designed for other agencies that regulate geological land, land use, “things like that”. She said that if you guys are interested, you can check out the [Department of Justice Office of Information Guidance](https://www.justice.gov/oip/oip-guidance) for the history of each exemption. + +# MOVING FORWARD + +Obviously, I’m still waiting on the other three requests. They are being processed by a different employee. Ally gave me her contact information and I might reach out next week for an update. + +Alley gave me advice on how I should phrase my request in the event that I decide to appeal or submit a new one. I will definitely be submitting a new one, taking her advice to be much broader in scope. I’ll also be using this post to support my argument for an expedited process, as the number of upvotes clearly demonstrates a large public interest in the existence of “actual or alleged Federal government activity”. We’ll see if it’s enough. + +# MY TAKE-AWAYS (and TLDR) + +Obviously, I fucked up when I submitted these requests. I always say, hindsight is a beautiful bastard. That being said, these requests are still substantial, and the responses are tremendously valuable. + +We now know that records that meet the criteria of my request **exist** between the SEC and Melvin Capital. (If they didn’t exist, then the FOIA response letter would have simply said that no records were found, like it did with my request regarding Reddit.) These records are related to an **investigation** and the existence of a **whistleblower** (as can be extrapolated from the exemptions exercised in the SEC’s withholding of its records.) You can choose to look at it as strong conjecture, but I personally see this as an **indirect, yet official confirmation.** The SEC deliberately selected these exemptions as the reasons behind its refusal to release its records. It even went above and beyond to describe exemption 3 as related to the identity of a whistleblower, when exemptions 7 A, C, and D were almost copied and pasted. The SEC wouldn’t mention protecting a whistleblower in this letter if there was no whistleblower to protect. + +This investigation and whistleblower is related to either the shortselling of Gamestop security, repurchase and reverse repurchase agreements, and/or treasury bonds. + +Reddit, as an organization, is not currently being federally investigated for anything related to the manipulation of GME, repurchase and reverse repurchase agreements, or treasury bonds. + +The *real* conjecture imo is whether this all means that Melvin, or an employee within Melvin, is the whistleblower, since the scope of this request was strictly on records and communications *between* the SEC and Melvin. Now *that’s* some tinfoil-hat soup I can get behind. + +# CONCLUSION + +Fuck this was long. Sorry if this update was a bit messy. I wrote the whole thing with a cat on my lap and a million other responsibilities looming over my shoulder. I wish I could take more time to properly organize this, maybe condense it, but I’m a bit pressed for time and I want to get this out as soon as possible. I’ll respond to your comments as I can, though I won’t be active later tonight or all of tomorrow. + +I’ll make new posts for the other requests as the final responses come in. Hopefully they’ll be just as juicy as the one regarding Melvin. + +Holy shit, thank you guys so much for all of your support, and for taking the time to read through all of this. I hope that I can take advantage of the traction that this post has gotten to convince the SEC’s FOIA department to expedite my new request, but I’m keeping my expectations tame. + +Have a fantastic weekend, Apes! +This has been bothering me for a while now partly because I unknowingly helped create the problem that we see in the housing market today packaging and selling large numbers of houses to institutional investors . The lack of supply is largely due to the fact residential single family housing has become an institutional asset class over the last decade. We now have large homebuilders switching business models and building to rent, rather than to sell. [This article talks about it.](https://www.builderonline.com/land/development/the-single-family-build-to-rent-markets-rise-to-fame_o) in a builder trade magazine and here is a [WSJ article](https://www.wsj.com/articles/if-you-sell-a-house-these-days-the-buyer-might-be-a-pension-fund-11617544801). + +This is going to have long lasting negative ramifications as we are seeing the largest asset most Americans will own in their lives being transferred to these funds. As a result, we are seeing rental prices as well as home sales prices sky rocket. Some has to do with Covid and prices will surely come down some, but long term this is going to have negative effects on all of us if these funds keep buying up entire subdivisions of brand new homes with regular homeowners having to compete against institutional cash. I can tell you first hand Blackstone was overpaying for properties back in 2012-2014 to the point where other investors could not even compete. It seems this is where we now and it's not going to be a good situation for smaller investors or homeowners if this continues. + +I have considered only selling to direct homeowners and even putting in a deed restriction (which I know isn't the smartest thing to do investment-wise). Curious to hear how others feel in the industry? +So you find a house for 100k, you put 20k down, the bank loans you 80k for 30 years at 3%, so you owe them around 360 a month. + +But, when you buy the house, you might need to put another 10k to remodel it, and another 5k in closing costs, so now your ROI is to be calculated for 35k, not 20k. + +So you rent it for 1k, 40% goes towards maintenance (so 400), 360 to the bank, you're left with 240, which is 2880 a year. + +Now, on 20k, that's more than 14% COC, which is good, however, on 35k that's only 8% COC. + +Do you take another loan to remodel the house, or how do these numbers make any sense ? + +&#x200B; + +What about doing an interest only loan ? How does that work ? You would pay 200 a month rather than 360, however, before your total payment is due, do you refinance and pay the bank or sell, pay the bank, and keep the rest and do a 1031 exchange ? Thank you all in advance for contributing to such an amazing community +Walmart's cost cutting measures will remove some truly retarded spending. Less overhead = greater profits. + +Unfortunately this will also get rid of a key backup job for most of us here on WSB. + +Edit: There appears to be some confusion on the morality of this tactic on the part of $WMT. I would remind anyone who thinks Walmart is acting immorally that public corporations have an ethical and legal fiduciary duty to act on the part of their shareholders to maximize profits. Changing the job requirements to push out the mentally and physically disabled was the only thing to do in this instance. Some of you have also mentioned that these employees are subsidized. In a purely capitalist world employment subsidies wouldn't exist. $WMT is doing the right thing. +Hi everybody, I hope you are well. + +I've been value investing for about a year now and it has been paying off well (but I guess the whole market has). I thought of myself as a long-term investor. My original strategy was to find value stocks put my money in and then not worry about them for 5 years. But I've noticed many of my picks have passed my original fair value, so I've re-done some DCF on a few of them and they're coming up overvalued. With everything going on right now I'm not rushing into selling them or anything, but it has made me start to consider establishing an exit strategy rather than just the 'set and forget forever' mentality. + +How do you determine your exit strategy? Do you re-evaluate every quarter/year and sell if it is getting overvalued and move that money somewhere else? Do you hold for a specific amount of time regardless? Thank you in advance for your guidance & help. +The 100th Monkey Effect is the spontaneous transference of knowledge throughout a species once a certain number of individuals has learned a new idea or action. It bypasses physical barriers. A mind-to-mind jump. A leap in consciousness. + +“In 1952, on the island of Koshima, scientists were providing monkeys with sweet potatoes 🥔dropped in the sand🏝. The monkeys liked the taste of the raw sweet potatoes🤤, but they found the dirt unpleasant🤢. An 18-month-old female named Imo found she could solve the problem by washing the potatoes in a nearby stream🧠🌊🥔🤤. She taught this trick to her mother. Her playmates also learned this new way and they taught their mothers too. This cultural innovation was gradually picked up by various monkeys before the eyes of the scientists. + +“Between 1952 and 1958 all the young monkeys learned to wash the sandy sweet potatoes to make them more palatable. 🧠🐒🐒🐒🐒🤤🌊🥔Only the adults who imitated their children learned this social improvement. Other adults kept eating the dirty sweet potatoes. (boomers) Then something startling took place. In the autumn of 1958, a certain number of Koshima monkeys were washing sweet potatoes — the exact number is not known. + +“Let us suppose that when the sun rose one morning there were 99 monkeys on Koshima Island who had learned to wash their sweet potatoes. Let’s further suppose that later that morning, the hundredth monkey learned to wash potatoes. Then it happened! 🤯By that evening almost everyone in the tribe was washing sweet potatoes before eating them.🐒🌊🥔🐒🌊🥔🐒🌊🥔🐒🌊🥔 + +“The added energy of this hundredth monkey somehow created an ideological breakthrough! 🐒🐒🐒🔜🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒🐒A critical mass of monkeys was reached. A most surprising thing observed by these scientists was that the habit of washing sweet potatoes then jumped over the sea 🌊to colonies of monkeys on other islands🏝🏝🏝 and the mainland troop of monkeys at Takasakiyama began washing their sweet potatoes. + +TL:DR +One monkey on island learn to wash potato. 1st Monkey teach other monkey how to wash potato until many monkey know learn to wash potato. Eventually a Critical mass of monkey who know wash potato was reached. Now all monkey on island wash potato and some monkey on other island wash potato. Knowledge of potato washing spread like virus until all monkey know how to wash potato. + +Why this is significant and how It relate to Apes: + +1st ape 🦍 learns how to HODL with diamond hands💎👐. 1st Ape 🦍teaches other apes 🦍🦍🦍how to HODL with diamond hands💎👐. Now many apes🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 know how to HODL with diamond hands💎👐. Eventually a critical mass of Apes HODLing with diamond hands is reached and All apes on the sub are HODLing with diamond hands💎👐. Other ape that are not actively on sub start HODLing with diamond hands 💎👐and soon almost every share holder is HODLing and we rip past the floor while our rocket leaves the solar system.👐💎🦍🤑🦍💎👐 + +What does Diamond hands 💎👐really mean? Its when you realized that the price action has absolutely zero effect on your emotions. You just keep smiling when it rips and smiling when it dips. For those of you with paper hands, just let the heat and pressure to sell turn those carbon paper shares you hold to diamonds.📄🔜💎 + +Are you going to be one of the hundred monkeys to push us to critical mass? It’s a leap of faith to believe in the 25 million floor. Every single one of you who chooses to take this leap of faith pushes us closer and closer to critical mass. So, jump on in and the snowball will grow faster and faster. Its up to you. + +Trust the process! + +Apes together strong!🦍🦍🦍🦍🦍 + +My tits have never been this Jacked!!! + +Critical mass has already been reached!💎 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +feel free to copy and cross post to other apes. Perpetuate to snowball. +Hello! I’m purchasing a property in Texas and supposed to sign closing docs remotely tomorrow for a Friday close. During the final walk through today, we noticed that the seller hasn’t began moving yet. Not a single thing looked moved, there were dishes in the sink. + +From what I understand, if they become “holdover sellers” and stay past closing, I’ll have to formally evict them. They’re willing to do a leaseback and pay rent for the weekend. It seems like my options are to accept the leaseback and follow through with closing or delay closing. + +Closing lands on a Friday and so maybe they only have time on weekends for moving... + +First question, what would you do? + +Second question, in you all’s experience, how common is it for sellers to follow through and actually hustle to move out versus staying long and potentially requiring an eviction? + +Thanks in advance for any wisdoms you can share! +I signed a 3 year lease in starting May 1, 2017, which technically ended April 30, 2020, smack in the middle of our shutdown for covid (Iowa). The landlord said I had to continue paying rent while we were shutdown, I did ask two times for assistance, each time I was told to get the PPP. I got pissed and tried to find another building but the space we have, almost 14k square feet at 4500/month, there was nothing even remotely close. We are also located in a commercial area next to Walmart, restaurants, grocery store, shopping, etc. Until this point, he’s been amazing. Has loved what we do for the kids and community. So at least I know he’s not a complete tool. + +Long story short, things are pretty much back to normal, we are filled at over 90% of enrollment and trying to keep up with the demand. + +This is the interesting part...I contacted the landlord to ask about purchasing the property. I did this about a year and a half ago as well. He told me he had the property appraised and the asking price was 1.2 million. Over the last couple weeks I brought in several contractors to get a bid on replacing the HVAC system, replacing sliding doors that don’t work consistently and a small remodel that I would like to be done along with a few other smaller issues. About $75k total on the high end. + +My appraisal guy came back with $1.075 million. So $125k less. I talked to the bank about financing if I could get it at the $1.075m. I received an option of: +*10% down +*Bank finance 50% at 3.5% 5/1 ARM, 20 year amortization +*SBA finance 40% at 2.5%, locked in at 20 year +Payments would be less than 4500. + +Cut to Wednesday night when I’m talking with the landlord...he’s willing to work off of the $1.075m. So I figure 50-75k off to do the few fixes, so essentially a million dollar loan. He says, “let’s just do 200 payments at $5k a month until it’s paid off, no early penalty prepay.” + +So my understanding of this is, I’m getting an interest free loan of a million dollars for this building. Every payment I make is pure equity. Am I right about this? I told the bank this and she was stunned. + +Anything I should be looking out for?! Anything I need to ask a business attorney about or have in a contract? + +He is a doctor in his late 50s and owns a good amount of property. Some of the corporations that rent his land or space are Sam’s Club, Perkins, Abbadent Dental, a car dealership...so he’s not going broke anytime soon. + +I’ll answer any questions if you need more information. +**TL;DR:** The Achilles Heel? The Silent Majority of probably \~3000+ at the SEC. + +Let's look at how the SEC works. Why does the SEC suck? Anyone with any competence is bought with 6-7 figure paychecks or buried. It's an organization (like most) where those at the bottom do all the work and those higher up spend all their days trying to politic their way to the top and get a promotion to be one of the 5 commissioners. The easiest way to do this is to get influential people on Wall Street on your side. So you have the 5 commissioners, there are probably \~100-1000 bootlickers underneath trying to become a future commisioner or just work their way up. The rest dgaf about the political ladder in the org. Can anyone that's worked at a government org, also validate this? + +How many people work at the sec? \~**4,200!** + +That means there are around \~3000 people. That are just there to do their job. These are the people that do the actual work. These are the people that read the comments to the letters. That bring a summary to their bosses who then make the final decision. These are normal people with a conscience. They exist in their SEC bubble. They don't know. They're like Lisa from the recent AMA. They don't even know what DRS is. These 3000 people spend time amongst each other, spreading rumours and eating lunch. Just like any work place. The know what they know and that's it. + +These 3000 people would not be able to work if they were getting thousands of passionate letters from retail investors. Most passionate. Some very intelligent. These are the people that HAVE TO READ EVERY LETTER. **THAT IS THE ACHILLES HEEL**. These people don't care enough to find out the truth about the markets unfortunately. Like most of us before GME. Those you hear from at the SEC publicly are a part of the other 1,200 trying to climb up the SEC letter. 3000, the vast majority, aren't part of the shit show. + +These are the people that do all the work, and these are the people whose lives would be ruined emotionally if they found out the truth. They would not be able to exist in their little SEC bubble. Word would spread like wildfire. You can go on CNBC and tell the public that it's all a conspiracy theory. This strategy would not work at the SEC. They're too close to the data. They're the ones who do the actual work after all. All of a sudden too many things would start clicking. These people would want answers. They would ask too many questions that their bosses would not be able to answer. + +How many letters? Thousands for every rule, every time. It's the equivalent of setting the SEC on fire and giving the silent majority Thor's hammer and telling them to fck their bosses up. If it was any easier it would have been done ages ago. + +Let's arm the silent majority at the SEC against their bosses. Forget the top 5, educate the 1000s working under them. We have the ability to arm them. The silent majority at the SEC. + +I think it's time we start arming the SEC with both our passion and our DD. Give them a mandate from the people they can't ignore. These people HAVE TO READ EVERY COMMENT LETTER SENT. + +If you're smooth brain, ask as passionately as you can for their help in stopping the corruption. In saving the country. Speak from the heart. + +If have any wrinkles, hit them with that good DD. Arm them with the knowledge they need to go into battle. Speak from the brain. + +Our goal isn't to reach those at the top at the SEC. It's to reach those thousands clocking in and out underneath. + +&#x200B; + +Edit: [https://www.sec.gov/rules/proposed.shtml](https://www.sec.gov/rules/proposed.shtml) + +thanks for the link u/I_DO_ANIMAL_THINGS + +A good place to start to at least have an idea of the rules in process. Hopefully we can get a thread going with the rules and translations from local wrinkle brains u/Bye_Triangle at some point. + +Also I'm sure there's other places to leave comment letters as well. Hopefully we can round those up too. A few hundred letters meant GG had to ask congress for a higher budget last time. To hire a few more people just to read all the letters and comments. Let's see if we can't get a whole new department just to read the letters this time. + +Another link, thx u/my_oldgaffer + +[https://www.sec.gov/oiea/Complaint.html](https://www.sec.gov/oiea/Complaint.html) +I spoke up today at work in a small team huddle. I asked my boss' boss about something borderline illegal that the company did and lied about. I have known for a while now, others know as well but no one spoke up. FIRE has allowed me to get over the fear of losing my job and spoke up. I feel so much better after speaking up + +Thank you for sharing your journey and motivated me to do the same. So happy that I can share with someone about this small achievement. + +Edit it wasn't that climatic. I simply asked "can we address x" and the response was meh. I was just really really happy I could speak up for once and wanted to share. not whistleblower worthy and I would rather spend my time finding another job at a more honourable company. +Fully understanding that this is partially politics, but this would have a drastic effect on the markets. Trump has used bankruptcies to help his companies in the past and it looks like he wants to bring that mentality to the US government, what effect would this have on the markets? What tools could he actually use to implement this? + +https://www.cnbc.com/2019/09/11/trump-says-fed-boneheads-should-cut-interest-rates-to-zero-or-less-us-should-refinance-debt.html + + +https://preview.redd.it/2lo80plh87o91.png?width=1169&format=png&auto=webp&s=9f8aca01503e92e2e3036326b3796a47af1967cb + + + + + + + +[View Poll](https://www.reddit.com/poll/xfnrjw) +Hey all, + +Just to clarify, I’m not looking for any actual advice i guess - just reading views and insights in this sub helps as it is. But I was out in the pub with a mate last night, toiling over a decision, and he passed on what I thought was some really good advice on a non-financial topic.....that you should alway imagine what your future self would want you to do right now? + +I thought that was really good advice and an interesting viewpoint and made me wonder......What is the best piece of financial advice that anyone has ever given you? +Hello All, + +Has any of you ever tried ultra low latency trading (micro or nano second execution time) and have experience with FPGA? What is the set up and monthly cost like? What software do you use and how difficult is the programming? what do you trade and what brokers do you use? I want to try it out for a few months and see if it is really worth it. i mainly trade equity index futures and bonds. + +I also want to see what was your experience good and bad. I don't think most retail algo trader go further than just using simple cheap VPS. if you can already get a few milliseconds execution, do you really need 0.2 microseconds execution time? + +I appreciate anything you guys can share. +Hi everyone, I'm new here but something's been on my mind lately and I was hoping to get some advice on it. I'm 24, and my grandparents started an Edward Jones account for me when I was born, and it was then signed over to me when I turned 18. I'm extremely grateful that my grandparents did this, as I know it gives me a financial cushion that many people don't have. For a couple months now I've been thinking about leaving Edward Jones. Not necessarily because of how my account has performed, but because of the advisors. My advisor told me if I didn't get back to him he would "liquidate my entire account" and I feel like it's not really cool to be threatening your clients like that. I also always feel like if I'm taking money out of my account it has to be for a "valid enough reason" which is ridiculous. It's my money, I should be able to take it out whenever I want, whether that's to buy a pink sparkly unicorn or a down payment on a house. I shouldn't have to justify that to anyone. This advisor also told a family member of mine that she needed to be careful or "she would be eating dog food." This struck me as extremely unprofessional and the judgement just isn't needed. Other advisors with this company have been very rude as well. Does anyone have any advice? +So I summed up the [historical volume (NSDAQ) ](https://www.nasdaq.com/market-activity/stocks/gme/historical) from January 4th 2021 to July 14th 2021. The sum/ total volume was 3,284,802,823- or 3.28 billion shares. + +Now looking at the [daily short volume ](https://www.shortvolume.com/?t=GME) since January we can see it seams to have an average short volume percentage around 55-60%. + +Here’s an image if you don’t like links- https://imgur.com/a/23os95v + +Now if we multiply the total volume by short volume (3,284,802,823* .60) we get roughly 1,970,881,693 (1.9 billion) shares sold short since January 4th. 🤯 + +Disclaimers: + +1) Short volume and short interest are not the same. Short volume measures the number of shares that have been shorted over a given period of time, short interest represents the number of shorted shares that have yet to be closed out or covered by investors. [(link to short volume vs short interest)](https://finance.zacks.com/read-short-interest-ratio-5076.html) + +2) MMs (market makers) provide liquidity to the markets. So if retail investors are buying a stock, the MM can fill their order without purchasing the security themselves, which will be marked as a short sale and reported in daily short volume. Sometimes they can profit off this through [arbitrage](https://www.investopedia.com/terms/a/arbitrage.asp) + +3) Short volume is self reported my MMs + + +Now back to the 1.9 billion shares in short volume. + +If these were retail/ ape buy orders that were getting reported as short volume, than it would account for 65.6x or 6,560% of the open float (roughly 29 million) held/ bought by retail investors- since January 4th 🤯 + +If these 1.9 billion shares were a mix of retail buy orders getting filled by MMs and plain naked shorting than the same point would stand. Shorts would need to get closed out, and retail buys would also need to get closed out for the books to be rebalanced. + +It is also my belief that since these short volume numbers are self reported by MMs they likely aren’t fully accurate as nothing MMs, hedge funds, or institutions have reported so far has been very accurate. They do seam to report the lowest numbers possible tho, which makes me wonder if short volume is actually quite a bit higher. + + +None of this is financial advise. Also, please poke holes in this if you believe any info is incorrect. + +POWER TO THE FUCKING PLAYERS. BUY AND HODL. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + + + + +Edit 1: Fixed link + +Edit 2: u/loggic had a good comment below explaining how this calculation represents the best-case scenario for us apes, and assumes that zero of the short volume since Jan 4th has been covered. So let’s look at worse-case scenario. + +If we pretend that 100% of the short volume has been closed, than that should lead us to a total cumulative volume of 3,941,763,386 (1,970,881,693* 2) + +If we now subtract 3,284,802,823 (actual cumulative volume) from that number were left with 656,960,563. + +This would mean that the bare minimum of shares that would still need to be closed since Jan 4th- July 14th would be 656,960,563, or 22.6x the open float, or 2,260% + + +TL:DR + +Best-case scenario 6,560% (Of the open float) +Worse-case scenario 2,260% (Of the open float) + +.... this also does not account for any shorting/ short volume taking place before before January 4th +BlackRock Inc. Chief Executive Officer Larry Fink had a stark message for a private audience: As bad as things have been for corporate America in recent weeks, they’re likely to get worse. + +Mass bankruptcies, empty planes, cautious consumers and an increase in the corporate tax rate to as high as 29% were part of a vision Fink sketched out on a call this week. The message from the leader of the world’s biggest asset manager contrasts with the ebullient tones of a stock market that has snapped back from recent lows. + + +Even among Wall Street luminaries, Fink speaks with particular clout. He has been advising President Donald Trump on how to navigate the effects of the coronavirus pandemic. And BlackRock is playing a key role in the Federal Reserve’s efforts to stabilize markets, helping the central bank buy billions of dollars in assets. + +Fink said on the call with clients of a wealth advisory firm that bankers have told him they expect a cascade of bankruptcies to hit the American economy, and he wondered if the Fed needed to do more to provide support, according to a person with knowledge of the remarks. + +A BlackRock spokesman declined to comment. + +Even as the U.S. is plunged into deepening economic gloom, it will have to raise taxes to pay for emergency efforts to rescue sectors grappling with a difficult recovery, he warned on the call. + +Among his predictions: lifting the 21% corporate rate signed into law as part of 2017’s tax overhaul to about 28% or 29% next year, according to the person. Fink also said he sees tax rates for individuals going up. + +Read more: BlackRock Takes Center Stage With Trump Seeking Calm Markets + +​Raising taxes would water down the biggest legislative achievement of Trump’s time in office, when he and a Republican-controlled Congress drove through the most significant changes to the tax code in decades. + +Lower corporate rates juiced profits and showered cash on shareholders through increased dividends and stock buybacks. Now, at a time when many taxpayers are less able to bear the burden of higher taxes, the government may be forced to extract a larger share of companies’ and individuals’ income. + +The spread of the coronavirus, and measures taken to mitigate it, slammed the brakes on the economy. While Trump pushes to reopen commerce and his officials predict a rapid rebound, public health experts and some economists are skeptical the crisis will soon be over. + +Politicians, business leaders and economists are beginning to confront the risks of a limited federal response that might speed up the demise of smaller companies and wreck state and municipal finances that pay for schools, law enforcement and infrastructure. + +Read more: From Houston to New York, America’s muni finances are in tatters + +That won’t be the only strain on companies. Many may have to operate with only about half their staff in the office for more than a year, according to Fink. Across white-collar industries, millions are working remotely from home. It would be hard to see a complete return without mass availability of rapid testing, he said. + +There’s a risk that the U.S. outbreak will be severe enough to leave a long-lasting impact on the American psyche, undermining Americans’ willingness to take public transport or fly, according to Fink. He said he’s not aware of any of his CEO peers planning international travel this year. + +Underscoring the point, this week home-sharing leader Airbnb Inc. and ride-hailing firm Uber Technologies Inc. announced plans for mass layoffs as they wrestle with falling demand and dimmed prospects for the rest of the year. + +Read more: Gig Economy Companies Are Facing Twin Crises + +Many of the U.S.’s 30 million small businesses have struggled to get the relief they need. If the crisis continues, about 25% of those companies could close permanently before year-end, according to an April report released by Main Street America, a network comprising approximately 300,000 small businesses. + +Restaurants that typically operate with thin margins will struggle to survive as they plot out ways to lure back customers with social-distancing measures in place, Fink said. + +Fink also said he was concerned the worsening economic duress could further fan the flames of nationalism. The devastating impact from the coronavirus could make it a bigger threat to the global order, he said. + +https://www.bloomberg.com/news/articles/2020-05-06/fink-delivers-grim-outlook-with-tax-hikes-for-corporate-america?sref=s0L1qQ1H +On Sunday I went to fix a small leak around the bath, one I hoped was limited to the corner of the bath and shower screen. +2 days later I have found water damaged subfloor (thin ply), have removed a wall of tiles that the shower was mounted to, as that was also water damaged plywood. +Right now there is no shower, no panel to mount is to, and some flooring removed. +I need to now have a new panel on the wall (other tiles will no longer match, so probably remove them too. New plywood sub floor and new flooring... + +Even on a budget its probably going to be £1000 to fix, as ive done the removal work myself and will do the flooring. Luckily I can spend a bit more and replace more of the bathroom. + +NOT ASKING FOR ADVICE ETC. This is for the people asking why we have an emergency fund and how much it should be + + +EDIT: I do have home insurance with a good provider however this isn't a pipe leak so isn't covered (called them first thing this morning) +One of the most common recurring questions on /r/personalfinance these days seems to involve a scenario where a close friend or family member, often a parent or sibling, wants the poster to cosign on some sort of financial commitment for which the acquaintance would not otherwise qualify, due to problems such as poor credit, insufficient/inconsistent income, or other unspecified issues. + +In many cases, the person pressuring the poster to cosign will offer an emotional argument which resonates with the poster, such as pointing out times in the past where they've helped the poster in one way or another. + +This post is an attempt to canonically summarize the community wisdom around this recurring topic. + +**Here goes:** + +If you cosign on any sort of financial obligation with another person, you're equal partners in that obligation. This means that you're on the hook for payment just as much as the person asking for your cosignature. There are (at least) two major implications of this fact: + +- If the person for whom you are cosigning finds themselves unable or unwilling to continue making timely payments, **you** will be pursued for the debt and held accountable as much as they will be. This means that unless you step up and take over making payments, debt collectors may be sent after you, the delinquency will likely be reported to your credit score, and you will, broadly, suffer the exact same consequences as if *you'd* defaulted on a loan that was solely in your own name. + +- Additionally, and *just as importantly*, even if all is well and timely payments are being made, the loan will show on your credit report as though it is yours (since it effectively *is*). This means that in the case of a major loan such as a mortgage, or even an auto loan, your ability to get a loan of your own in the future may be negatively impacted. If you cosign on a mortgage to, say, help a parent out of a bind, you may find yourself unable to secure your own financing when you're ready to buy a home of your own, as until the cosigned loan is paid off, you already have a mortgage. + +For these reasons and more, the community consensus is almost always that cosigning a loan is inadvisable and should be avoided. Do not cosign on any obligation that you aren't prepared to take full responsibility for if things go awry. If you're absolutely sure you could and would take on that responsibility without derailing your other financial goals, it **might** be okay to *consider* cosigning on, say, an auto or student loan -- but if you aren't ready for that responsibility, then run, don't walk, away. As for a mortgage, it is advised that you should never cosign on a mortgage with someone you are not married to, full stop. This means you are advised not to cosign on a mortgage for a sibling, parent, or friend -- ever. Marriage (in the United States and countries with similar legal systems around marriage) comes with legal parameters to help determine what happens in case two people separate while sharing a debt. If you aren't married, there's no protections, and any sort of falling out or separation is dramatically likely to result in a major, regrettable headache. + + +Furthermore, even if you feel that you are fully prepared for the possibility of being held responsible for payments, take time to deeply consider all other potential financial implications of the decision before taking on this commitment. When a bank refuses to provide specific financing to a person, that means that they've made a determination that it's a bad idea. If they've made determined that it's too risky for them to facilitate the financing, it's almost always safe to say that it's too risky for you to consider as well. + +No matter how hard someone works to convince you that you're in a position where you can do them a major favor, it's important to recognize that by cosigning on a debt that they are potentially not going to be able to repay, you would be setting them up for even more significant hardship down the road. Even if it seems difficult to refuse, in the vast majority of cases, choosing not to cosign is ultimately the better choice for *all* parties involved. + +--- + +I put this together and proofread it a couple of times, but if I missed any important details or misstated anything, please feel free to offer suggestions/corrections/formatting improvements. Thanks, folks! + +EDIT: Thanks for the huge response, as well as for the gold, y'all! I'm going to try to work through some of the responses and make refinements to the post based on the feedback. I appreciate all of the feedback as well as the robust discussions taking place in the comments! + My MetaMask wallet was hacked and a few thousands worth of ETH vanished. + +So long story short I got a notification that some ETH was sent from my wallet to another wallet, a transaction which was NOT initiated by me. + +Curiously, the transaction itself isn’t visible in my MetaMask history, so clearly this wasn’t a transaction I had made. + +You’d think this would be enough to resolve things, right? + +WRONG. + +After I contacted their support, MetaMask basically said they’d get back to me in a few days (still waiting for them to get back to me). + +I know there are lots of stories about hot wallets being hacked or people getting scammed, but this level of security t is frankly trash. + +Mind you, it’s not just about the ETH since I only keep a small amount for trading anyways. But I just feel robbed blind, and don’t get what I did wrong. +Hi all, I've been looking for a house to buy for three months, and had an offer accepted recently. Last Friday, my solicitor informs me that the property's solar panels are not owned by the seller. They're leased, owned by a third party that gets a cut from the profit from the electricity generated by those panels. Because the paperwork on the lease looks dodgy, my solicitor is advising me not to buy that property and there will be additional legal costs. +I'm thinking of renegotiating the price down with the sellers, first because there was no mention that the panels didn't come as part of the property, second because I might have to pay for additional legal costs. Additionally, I don't want to inherit any leasing contract, so I would like for the seller to deal with that issue. Since this is the real world, I know I won't get all of what I'll ask for, so I'm asking this sub what you think of my thought process and if you've faced a similar situation when you bought a house. This is also allowing me to vent and I already feel better for just writing this. + +Tl;dr: found out the solar panels on a house I'm buying are leased. What should I do? + +EDIT: Thanks for all your comments. This was really helpful. I think I'm ready to give up on this one. This is too big a purchase to have buyers remorse later. +While everybody is talking about a goofy, irrelevant streamer destroying a silly tile game, legislation is being passed that’s gonna deprive Apes of banana 🍌. Get your head back in the game apes. So you got a dividend coming, job finished? Jobs not finished. Get back on BCG, expose them. + +Not to mention this distraction comes when there is finally proof that the RRP we have been watching all this time has been used by the FED to bail out the hedgies. + +Reporters are black listed from reporting who exactly the hedgfunds are that the fed is bailing out. So much more important things than a silly tile game. It’s the weekend, get back to work Apes. +The podcast gets 200M+ listens a month, and that doesn’t even count YouTube views on clips/full episodes. Spotify is going to see a huge boost in users, have to assume some will enjoy the app and be interested in having their podcasts/music in the same place. Currently trading @ 176.45. How big of an impact can it have? I think it could be huge, I’ll be downloading it again even though I have Apple Music. + +UPDATE: It closed @ 174.90 from day traders capitalizing on the news. Still up 8% on the day though. Buy the dip? + + +Another Note since there’s confusion below: You do not have to have Spotify premium to listen, you just need an account, and you can listen for free. However, having Premium will remove all advertisements, which are usually very lengthy on his show. Also: Joe says he still has 100% creative control, it is a licensing agreement. He is not censored in any way. +&#x200B; + +https://preview.redd.it/lgajh8023i391.jpg?width=1536&format=pjpg&auto=webp&s=f41a1535d60bc46bcf4fe9c1617a3fb6fa10d1d4 + +u/TooManyStocks22 mentioned a couple of days ago in the daily that they were interested in helium due to the current shortage, and it's true that a lot has happened lately so it's probably time for a bit of a summary. I'll start with the element / market and end with the companies and what will probably end up as a long stream-of-consciousness rundown of RLT, so fair warning. + +**What is it?** + +Inert gas, floats, makes your voice funny. It gets very cold without freezing, and is produced very slowly from radioactive decay and then floats away into space.It can't be stored anywhere above ground for very long, because in gas form it escapes through basically every other material. And then floats away into space. + +As a liquid it needs to be kept at cryogenic temperatures and as soon as you put it on a boat/truck it starts to slowly boil off, escape, and float away into space. + +**Where's it used?** + +Cooling superconductors (MRIs and scientific equipment), semiconductor manufacture, lifting things (eg. weather balloons, party balloons, airships), welding, underwater breathing, airbags, military stuff, rockets, more general applications for coldness and/or inertness (eg. datacentres), fiber optics. + +**How is it sold?** + +Upstream, either as a mixed gas to someone who can actually separate it out, or as a liquid in ISO containers. Mid/downstream it's sold in bulk by ISO container which contains approx. 1 million cubic feet of gas (1mmcf), liquified, or in smaller tanks of varying sizes. + +Separation typically either involves chilling a mixed gas until only the helium is left as a non-liquid, or doing that and then taking the further step of liquifying the helium. + +**How much does it normally cost?** + +Under normal conditions with supply and demand more or less in balance, about $200-250 USD per 1000 cubic feet (1mcf). For a comparison, 1mcf of natural gas goes for about [$4 - $12](https://www.eia.gov/dnav/ng/hist/n3035us3M.htm). + +**What does the market normally look like?** + +Five major facilities (United States BLM cliffside storage, Exxon Mobil's LaBarge and Hugoton, Algeria and Qatar) currently sell around 80% of global upstream helium. Both Hugoton and the BLM are starting to run low, but the market's plan was for Russia to step in with their Amur plant and, alongside significant expansions from Qatar, pick up the slack there. + +Midstream is made up of about the same number of players: Linde, Messer, etc. Contract pricing and even an accurate spot market price has traditionally been hard to source and people have tended to rely on anecdotes or old auction data from 2018. + +As usual, end users pay more. Universities can pay $500k for one of those 1mmcf ISO containers. + +**What does the market currently look like?** + +Late last year, [part of the Amur plant blew up fairly catastrophically](https://www.reddit.com/r/CatastrophicFailure/comments/q40t1i/fire_at_amur_gas_processing_plant_081021/), then they ramped up the other trains and those blew up too. The story is that they insisted on manufacturing parts of the plant in Russia and it didn't work with the specialist equipment which they bought from Linde. The truth? fuck knows. + +Next, the the US Federal Helium Operations at BLM cliffside [went down](https://www.blm.gov/programs/energy-and-minerals/helium/federal-helium-operations) citing compressor failures, "several strange events" with the electrical system, natural gas leaks, etc. The pressure has since been steadily dropping and has reached a low enough level that the ability to legally extract what's left without the consent of the defense department has come into question although they seem now to be contracting Messer to try to deal with the problem via the private sector. + +Then Russia invaded Ukraine. The west responded with sanctions, and Linde has had to cease assisting Gazprom in recovering Amur. + +Next Europe went into (more of) an energy crisis, and Algeria turned off their helium liquifiers to pipe more natural gas to Italy. The US apparently asked Qatar if they could ramp up LNG production, and they responded that their new LNG/helium facilities that should have been ready this year now have been delayed until 2025. + +Some other fairly minor plants in the US also caught fire and were forced into retirement. + +The result of all of that is that liquid helium became basically impossible to source, and the spot price of the gaseous stuff shot up to $2000-$3000/mcf, with at least one cargo trading at $10000/mcf. + +Laboratories have had to decommission equipment, weather stations have stopped sending up balloons, they cancelled some dumb shit in nebraska where they used to just let a bunch of balloons go because football, and becky's 21st birthday is ruined. + +**What about demand side post-crisis?** + +Helium demand in the future is mostly at the mercy of rocketry and semi manufacture. In semis it's mostly essential and nowhere near expensive enough to cause demand destruction. Rockets use a lot, and seem to be launching more. + +In future, helium's role there is theoretically replaceable with mechanical action but that's yet to be attempted or proven. + +MRIs are being modified to recycle more, welding and breathing could switch to other inert gasses if the prices of those settle down with some resolution in Ukraine. The current crop of MRIs will still need topups until they retire. Weather balloons etc will come back if the price becomes manageable again. + +**Helium on the ASX** + +We've got a small handful of explorers, one newish china play and a developer/near producer. + +Explorers: BNL, GGE, NHE. + +Honestly, I wanted to do a good job of these and there's probably a comparison to be made but it's seriously complicated by the fact that it seems like the Tanzanian ones (including HE1 here who aren't ASX listed but are who NHE are shadowing) in particular have plucked their prospective resources out of thin air. + +The US-based ones look a bit better, particularly if they can avoid the liquification stage and just sell the mixed gas off to some bigger player and avoid all of that capex since each well costs them a good 300k and so far they've been struggling to even log them. At least they've hit something, though. + +Let's leave the explorers there and just say they're a punt. Nothing wrong with that, and right now you're fairly early in terms of how much time it's going to take to find, prove out and extract a viable resource (despite them not being all that cheap, considering), so there's some upside there if they get lucky. Both GGE and NHE appear to be NI affiliated. + +HE8 is the China play. They used to be smallcap O&G, but now they're approaching chinese LNG producers and JVing with them to extract helium. The chairman there is an extremely well-connected chinese australian businessman, the largest ASX shareholder in RLT and what I suppose one might call a helium enthusiast. More on him later. + +Which brings us to.. + +**RLT** + +There are quite a few DDs and partial DDs for RLT if you search the sub. It's an interesting company, I hold at an avg of about $1.80. + +**Reserves** + +These guys hold a production right (the only onshore petroleum production right) over what would probably have been a mostly orphaned gas field in South Africa, then the helium showed up in the logs and made it worth developing. They have helium reserves in the ground (13.6BCF @ 2P) with an in ground value of approx. AU$4.7B at 2021 prices, and about 407BCF (2P) of natural gas (approx 1TCF contingent). + +They've explored about 14% of their 462000 acres, and now that they know more about the geology and markers they don't think it was the most prospective 14% either. + +**Stage** + +They're splitting development up into 2 phases, the first of which was funded by the US government via debt for US$40M @ about 6-8%. Phase 1 will produce 320kg per day of liquid helium, which goes straight to Linde who have most of it contracted at AU$42/kg, and 2600GJ per day of LNG which they'll sell to a mix of industrial users (Consol Glass, Italtile) and to heavy vehicle fueling stations as a diesel replacement, at somewhere in the ballpark of AU$25-30/GJ. This one moves a bit because the deals are pegged to LPG and diesel and those prices have gone up a lot since the last estimates were floated. + +I'm not sure how much helium output is left over (likely very little) after the Linde offtake but I would assume that any there is goes to the spot market (currently something ridiculous like AU$3k/mcf or about AU$500/kg). Quick math puts that deal (with no spot) around AU$23M/year for 340 days of operation, bit more if that $42/kg figure was USD (hard for me to tell from the source). + +P1 is built. It's in the final stages of commissioning and should turn on in the next couple of weeks.The second plant, "Phase 2", is currently sized at 5 tonnes per day helium, 24000GJ/day LNG and 60MW of electricity generation. 65% of that helium is contracted to Messer/isi Auto/Helium24 and will go for circa AU$380/mcf or about $76/kg. + +The LNG hasn't been contracted as of yet, and the power is contracted or soon to be contracted to Ivanhoe Mines at a market rate. Quick math on this one is harder since the prices of everything are currently going so wild, but if we assume the world goes completely back to normal the figure looks something like AU$400M/year. + +If Russia stays fucked or gets more fucked, the Helium24 offtake may be in question and that would leave that part to be renegotiated at higher prices. If the spot market stays higher for longer then that $400M number doubles. + +The electricity side of things is a moving target too. The CEO said [yesterday in an interview](https://www.engineeringnews.co.za/article/renergen-says-gas-project-can-catalyse-free-state-manufacturing-revival-2022-06-03/rep_id:4136) that he wants other business to colocate and create a manufacturing hub in the region, centred around comparatively cheap and significantly more reliable electricity than their national grid (which suffers from chronic loadshedding and aging infrastructure) provides. + +**Costs/Funding** + +P2 will cost about $1.2B to build if they're lucky, so they're out sourcing finance now. Robert Friedland (of Voisey's bay, Kamoa-Kakula, Oyu-Tolgoi, Platreef - an unreasonable number of tier 1 discoveries - fame), reached out, and the absolute freak of minerals exploration & development's Ivanhoe Mines put about $18M in for a 4.35% stake, and said that they may, after a DD period which ends on or around the 13th of July, increase that stake to 25% of the company at a 10% discount to the 30 day VWAP (14th June - 13th July, should they choose to execute and do so immediately). + +At the current SP, that second tranche would be around $100M. Should it trade higher/lower, more/less. They also have an option to increase their holding from there to 55% or an additional $250M in new shares. + +The other party currently doing DD is the South African Central Energy Fund - they've offered to buy 10% of the Renergen subsidiary which holds the project for AU$91.3M. They're currently in the midst of 141 days of DD which ends on or around August 16th. + +RLT have also launched what is essentially some kind of futures thing on the blockchain to allow them to pre-sell some of phase 2 to fund the plant. It bounces around a bit but currently trades at AU$460/mcf. It's not yet known how many tokens Renergen themselves have managed to sell, but [it trades on pretty good volume considering](https://www.bitmart.com/trade/en?symbol=ARG_USDT&layout=basic). They aim to sell about $25M. + +As an aside, it being up over this recent period probably makes it one of the best performing crypto currencies around. + +After all of that, the final hurdle will be to source the remainder in debt, which should come once the figure is known (i.e after IVN and the CEF execute or don't). Not much to go on here, but the CEO has said that it's been easier to fund than P1 and is talking to the US again, among others.P2 is due to commence production in (fairly optimistic) '25 with ramp up in '26. + +**Other notes** + +* Small float, especially on the ASX, and it trades like it; both on the way up and on the way down +* Scholz holds (Whatever, probably bought for the pumpable small float and got lucky that it turned out to be a real company. It also attracted Exalted's ~~pump~~ crew at one stage, but they all left at the low last August for IHL). +* Top ASX shareholder is Hui Ye with about 11M shares. He's the grandson of an ex CCP leader and family friend of the Xis, and apparently (random HC rumour only) the guy who got Rio their first China deal. +* The stock is massively popular in South Africa among very small retail holders. Something like 30000 shareholders with <1000 shares each. Despite that, institutions (eg. pension funds) and insiders hold the bulk of the shares on the JSE, with the ASX mostly big private holdings and some small retail. +* Financials are in $ZAR. For a quick estimate you can divide by 10 to get AUD but do the conversion properly if you're making any important decisions. +* The primary listing is on the JSE, so it essentially trades from 10am until 11pm eastern aussie time. +* Not going to put any per share NPV here, because it'll depend too much on what price the IVN transaction goes through at. +* The CEO is very public-facing and media-savvy, and the share price seems to feed off that attention for better or worse. For my part, I like him. At the risk of sounding like some fake HC fanboy he's been both quick and thorough in his responses to any questions I've had. + +https://preview.redd.it/4qj3uztn3i391.jpg?width=2048&format=pjpg&auto=webp&s=2c0f270ff3c69556a22974cc650e5c7d3a4c2ca6 +I am new to trading, just discovered the concept of options. I know little bit about options but still have some doubts. Please recommend some resources that can help me. +I’m very new in trading and tho I’ve been doing my research these past few weeks, I don’t know where to start. Many of the trading softwares I have tried don’t offer services in Afghanistan, do you know any trading services that I can use in Afghanistan? + +I want to buy shares from NIO before January +Portfolio: + +Tesla + +Amazon + +Google + +Every time one goes above 10 percent profit, it is cashed out. +When it drops, it is bought again + +this happens roughly every 3 months. +Can someone help me understand what happens, or is likely to happen to other fiat currencies in the event of a US dollar collapse? (Specifically local purchasing power of said currency within its own country: peso in Mexico for example) + +Also, what would happen to other fiat currencies in the event of the US dollar losing its world reserve status? + +Which currencies, if any, would you see being relative safe havens of value/purchasing power in these events and which would actually make the best investments in your opinion? + +I've been reading books and videos about markets, trading, investing, etc. They all say emotions are bad and systems are good. But trading seems to be something with a lot of freedom, including *not* doing it at all. And that leads me to wonder why people here choose to trade (or looking to start). + +Are you doing it just because you want to? Is it something you feel you have to do, for some reason or another? What keeps you in this game? +Hey guys, + +I've been following the markets for a few years now but have decided to try and make a go of trading and have been taking it seriously the past month. I used to work in a back office P/L shop about 5 years ago before it went out of business so I have some experience in the industry. I just wanted to run a few things by you guys to make sure I have my head on straight. + +Over the past month I have read about 3-4 swing trading books centered around technical analysis along with about 5-6 shorter e-books. From what I gather, when you are starting out it is good to focus on one set up and learn it inside and out instead of jumping around and spinning your wheels. + +Also, a big pitfall I have read about is that many beginners do not have a risk management strategy, so I have created an excel spreadsheet that I also use as a trading journal. This spreadsheet takes my entry and stop loss, and calculates my number of shares i should buy based on not wanting to lose more than 1% of my trading capital per trade. It also calculates my win percentage and from that, charts my min RRR to be profitable. This is what I use in order to determine whether it's worth my while to take a trade. I also annotate all my charts using tradingview and save them to the spreadsheet as well. + +As for my strategy, I've decided that I want to adopt a system based on MACD crossovers and verified by the histogram. With a holding time anywhere from 3-10 days. The specifics are as follows: + +**1) Screen:** + +So to screen for stocks, I take a look at stocks that are either up or down for the week and trending in that direction on the weekly candles (with the intention of trading in that direction), with an average volume greater than 500k, a relative volume more that 1.5 and a market cap greater than 300 mil. + +Then I look to see if there is a pull back on the daily chart into a place of value. Typically somewhere in between the 11 and 22 day EMA. + +**2) Entry:** + +To time my entry I use the MACD histogram, once I see that the histogram has changed directions (in the direction of the weekly trend) I enter the trade. Now as far as I understand, in trending markets oscillators are unreliable so I sometimes wait until the MACD crosses the signal line. And I also make sure that the move is on strong/increasing volume. + +**3) Exit :** + +I typically set my stop loss 1 ATR below the previous day high/low in order to keep from getting stopped out too early. I usually aim to take profits or at least scale out when the MACD histogram reverses direction. + +&#x200B; + +So that's basically it. I understand that each trader is different and that I have to find a strategy that works for me. But, I am the only person I know that has a desire to do this and I dont have any mentors to get me going. Am I headed in the right direction? Is there anything glaringly wrong with this strategy? I only have about 10-12 paper trades with this and my win rate is only about 20%. Should I continue developing this strategy or should I scrap it and start over? Any help is appreciated. Sorry for the long post, I'm just excited by the process of developing a viable strategy and I want to make sure I'm setting myself up for success in the future. Thanks again. Cheers + +&#x200B; +Hey guys, + +In the beginning of this year I was starting with crypto. Firstly it was not that problem. I just invested into few coins. But with time I was starting with leverage swing trading. This was the moment where I began to lose a lot of money in the following months. +I can stop spending money on leverage trading. +I love the feeling of getting money. But sadly most of the time I lose money with leverage trading. +Also my work and my private life is going down because of this now. I’m looking 24/7 at the chart. Even on work. Also Im making debts because I spend all my money on crypto and can’t buy food anymore. So I have to rent some money for food. + +I think the best thing would be, that I’m deleting all leverage exchanges like ByBit. +Maybe just hoddling is better for me. +Or do you think I just have to learn to be a better leverage swing trader. +I'm sure these questions get asked constantly, but guys like Tim Grittani and Dux both seem to be pretty mathematically/pattern based traders (as a math guy myself, this naturally attracts me). + +Tim Grittani in particular seems to specifically say what patterns he looks to look for an actively trades. Why would he do this? From my understanding (which is probably flawed), in order to make money on the market he needs an edge. If for example, everyone understands the exit point that he is seeing, and also gets out of a stock, wouldn't that drastically hurt his value as well? + +Is the market just so big it doesn't really matter? Is he just feeding BS? These guys seem to get to such a technical level that I have a hard time believing hes just feeding you BS. I know they're pushing products and courses for you to buy, so maybe they're just outsmarting you. Others say their pumpers and they're looking to benefit of their followers getting in on a trade. + +A lot of this comes from my end goal of learning how to trade mostly using technical analysis, patterns, and purely numbers. A lot of HFT seems to be built specifically on that, so I know its possible. Lately I've been following all these 'pumpers' on twitter who are just following stocks and earnings and going through websites speculating on prices. That stuff interests me less as it seems a lot more subjective. +I'm a bullish investor, I like when the numbers go up, I want to invest in calls. + +I understand calls mean, you get the RTB for the stock in units of 100 + +BUT I don't understand how my personal risk factors into this purchase. So let's say + +STOCK STK is $10.00 a share. I buy calls on STK@10 (presumably?) the stock moons to 20.00 i choose to sell the RTB call @ 10 that person now has right to buy and then I scoop some form of value from this sale. + +If STK is 10 when I buy the call, and the stock craters to $5 i then have to have someone buy it off of me, and I absorb some value of loss. + + +That is about as well as I understand can anyone fill in these holes for me also, how do I figure out how much an option is going to cost to purchase? +1. **Denial** - You’re certain cryptocurrencies like Bitcoin and Ethereum are a massive hype bubble doomed to crash, the modern equivalent of tulips or the dot.com era round 2 but so much worse. You're informed because you saw a [chart comparison of bubbles](https://www.marketwatch.com/story/why-bitcoin-is-now-the-biggest-bubble-in-history-in-one-chart-2017-12-13) and this is the biggest ever. You believe the pundits that tell you that blockchain is the real innovation but cryptos are a scam. +2. **FOMO** - You observe prices keep going up, people are getting richer, and you want to get rich. Even though you know it’s all a fraud, you see the opportunity to make a quick buck and then bail before it all falls apart. You’re smart and not a believer, so you’re better than all those other cryptoheads. You got this. +3. **FUD** - You check prices every hour only to realize you bought at a peak just in time to witness a crash. You experience all 5 stages of grief. You sell on the dip to cut your losses. You swear off crypto for good. You feel relieved about your decision to sell because prices continue to drop even lower and you know you narrowly missed the bursting of the entire bubble. +4. **Repeat step 2** +5. **FML** - Prices crash again but you don’t sell this time. Instead you mentally write off the investment as dead money - whatever happens happens. You accept that you suck at trading and you don't understand the technology. +6. **HODL** - The price rockets back. You’re so elated that you start actually learning about the technology that’s making you money. You love to read pop-science article about the crypto revolution. You start proselytizing crypto to your friends. You become *that guy* at parties and family reunions for a bit. You get bored with it eventually, stop checking the price. You achieve inner peace. + +Okay, need some advice here. This is my first tenant. He's been in the property since May. Rent is due on the 15th. He messaged me on the 14th and told me there was an issue with his paycheck, he had already reached out to his employer and they're correcting it and he'd pay rent late. I told him no problem, the late fee has a grace period anyway. Well, today the grace period expired and my online system applied the late fee ($90; 5% of rent). Now, I feel like I should waive it as he gave me a heads up. BUT previously he was paying by money order and mailing it to my house (which I finally got him to stop doing and now he pays through the online portal) and so it was _always_ ~5 days late. Which, I'm not stupid I know that the mail works faster than that, but I was fostering good will and also not trying to delay myself getting paid so I was removing the late fee from the online system once the deposit cleared my account. Last month was the first month he paid "on time" (within grace period). So, do I waive the late fee this month and tell him it's the last time regardless of circumstance? Or do I have him pay? + This is a link to Michael Robert's [blog](https://thenextrecession.wordpress.com/), I see a lot of people on the far left cite him as a reputable economist that agrees with their ideas (but honestly I think this is based on confirmation bias) so I wanted to know whether he's credible and what you guys think. +I’m not an economist, I’m an engineer, so the ideas of proving economic ideas seems squishy at best to me. Just wondering if some hopefully unbiased econ folks could shine some light on if the founding ideas of MMT and whether they should be accepted, denied, or taken with a pinch of salt. I know not everyone agrees with it, and I would love for some opponents to explain their points of view as well (from my non Econ background preferably). Feel free to suggest any books that you think would be approachable and interesting! +Long story short, I have 6btc saved up that I bought much lower than today’s price. An opportunity has just come up to buy a brilliant property. Forever home type thing, tons of potential. Despite maximum mortgage and money for elsewhere, I’m still running around £100k short. + +Simple answer, sell 2.5 btc, buy the property and live my life. But… I can’t seem to pull the trigger. Even though this type of place comes up only once every year or two, I just can’t bring myself to sell it. Even sitting on a 1200% profit, it just ‘feels’ like it’s a bad idea. + +Am I wrong? Right? What would you lot do? + +Edit: + +Thanks so much for all the feedback. I’ve read through all the posts but rather than repeat on each one… + +Overwhelming majority say to get the house. I think this is the right thing to do. Whilst the numbers on the screen are nice, they actually cause me a lot of stress too. I think I’ll be far happier with fewer coins, but a nice property for my family to live in. You’ve helped reassure me that this is the right choice. + +Regarding the CGT comments. Yes, tax needs to be paid, but not until January 2023. The tax bill will be around £15k max (as we have 2x tax free allowances to use), and my savings rate over the next year will more than cover this. + +Regarding solicitor and bank questioning source of funds. I’ve already spoken directly to three high street lenders who all assured me it is fine to use btc profits for a deposit. As long as the bitcoin is sold, and gbp in a bank account, it’s fine. Solicitor is happy as long as I can show evidence of transaction history. Times have definitely moved on since the silk road days. + +Regarding crypto backed loans. Too much risk. Both from a counterparty perspective, but also because bitcoin is so volatile there is a very real risk of losing the entire collateralised position. There were many borrowers who had their entire position sold during the March 2020 crash. NOBODY saw that coming. +Backstory: I bought ten bitcoin when they were $3 each. I spent them about a week later for diamonds in a minecraft server. + +Now, you might be wondering why I wouldn't regret spending what is now worth half a million dollars on fake rocks in a videogame, but the more I've thought about the more I've realized: + +- At $3 bitcoin still felt like a fun experiment. I had NO idea what I had. +- More importantly, let's say I kept those coins. When Bitcoin hit $20 I would have been tempted to sell. When it hit $100 I would have been verrry tempted to sell. $1,000? I'd cash out for sure. There are so many milestones where I and many of us thought it was topping out where I without question would have so;d, especially in the early years. The likelihood of me keeping those coins for a decade with the assumption that today's prices were even possible at all is extremely unlikely. + +So ultimately don't beat yourself up if you sold some coins for lower prices than we see today. You made a decision that was probably right for whenever you made it. +Edit: Sorry if it was not clear. My question is why is it advised to close the losing trade and immediately reopen a new trade *on the same ticker*, **instead of opening a new trade on a new ticker**, which may offer more premium? The common advise is to always roll on the same ticker. No one suggests "hey maybe do some research, there could be another ticker that offers even better premium/better risk than the ticker you just closed". It seems to me that if you close a losing trade, you should not just reflexively open a new trade on the same ticker. Instead you should do your research and find the best ticker available to open the trade on. + +--- + +I'm new. It is commonly suggested here that if your CSP or CC is a loser, you can either take assignment or roll the trade. And by rolling the trade, it always refers to buying-to-close the losing short on a given ticker, and then selling-to-open another short *on the same ticker* at a later expiration, "hopefully for a credit". + +To me, this sounds like the sunk cost fallacy. Psychologically, if you roll out on the same ticker for a credit, you can tell yourself you didn't really have a loss. But of course, you did have a loss. You would have been better off if you didn't make the first trade at all, and instead just made the second trade. + +What is the point of opening a new position on the same ticker? Wouldn't it be far superior to open a new position on the best ticker available, which may or may not be the same ticker? + +Am I missing something? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +On the suggestion of the tacomaster, share here your favourite stock at the moment + +Edit: to make it more fun, I will put 5k into the highest voted post (that isn’t DLC) + +Edit 2: and this, tacomaster, is why we can’t have nice things… + +Edit 3: current leaders are +Z1P +VML +LKE +EXR and GRR not far behind + +*fuck off with your bboz, that is not a stock you gay bear 🐻 +Im in Michigan, where they just announced a 3 week stay at home order, and my job is not considered essential. + +Like the title says. I called Chase, who I've banked with for over a decade and refinanced my Mortgage with in 2017, to find out about deferred Mortgage payments, as several of my Friends have said they've done successfully with their Bank. All Chase is offering is to not report to my credit for the next 90 days if I have late payments. Nearly every other major mortgage provider is deferring payments for their customers due to the ongoing COVID-19. Am I missing something here? They did say I could apply for a Mortgage hardship program, and "see if an investor will allow a change". However, I don't think people should be having to do this at this time. I'm especially frustrated because I've talked to several people who told me they simply had to call their bank and the bank, understanding the situation, took care of them. I'm not in a unique situation, most everyone will be impacted in their ability to make mortgage payments. + +Just to be clear, so no one misunderstands, I'm (we're) not asking to just skip payments, but simply push them back to the end of the loan. From people that I've talked to, and articles I've read, this shouldn't be this difficult. + +If this is not the appropriate place to post something like this please let me know. + +Chase's facebook page is flooded with people saying the same things. +Link: [https://monzo.com/flex/](https://monzo.com/flex/) + +This feels really scummy, especially from a bank, and screams desperation to make money. Monzo seems to be struggling at the moment, so it's unsurprising, but it's sad that this new payment model has become a norm with such an easy way to access it. +There was an update to the Robinhood app today and the banking section which later became the cash management section has completely disappeared without explanation or press release. Looks like they're giving up on it for the time being. +Hey guys + +My bank is after me, I’ve invested in Btc and they want to know my balance on exchange and wallet, exact amounts and proof of holdings. What’s next they are gonna ask for my seeds??? They will shut my accounts down today. Because I’m scared of providing them proof, what if they get hacked one day?? All my info, holdings, personal number, phone number, address will show up.. they are gonna close both business and private accounts, setting me in a terrible position. I’ve called another bank and they told me that they only want to know my holdings. But I don’t feel like giving it to them, but they don’t understand what risk involved with those informations. +Congratulations to all that have held since the beginning, congratulations to all that have accumulated since 2017, congratulations to all the ones that just bought last night. You all have helped ETH reach a new all time high. This is a great moment in crypto. Congratulations 🍾 +I just want to see what's out there. Just stats. I'm not asking for strategy (yet lol). + +For some context. I typically trend follow and mix in mean reversion into my portfolios. Trend following systems are easy to build, so I spend most of my time trying to find a "good" mean reverting system to mix into my portfolio. + +Mean reversion systems generally have a negative skew, high win rate (>70%), large number of trades (2-10/week), and a win/loss ratio of 1:3. + +I recently developed 17 different mean reverting algorithms, and ran them for a year on a test account. Every one of these algos had those characteristics. + +&#x200B; + +[2021 Mean reverting algo performance](https://preview.redd.it/t202hwf5o5n81.png?width=1213&format=png&auto=webp&s=e5f24fbb4d11eef3722d745fa385880d25bb6e7a) + +So I'm probing this group to see if anyone is running a mean reverting system with positive skew, 3:1 win/loss ratio, frequent trades (2-10/week), and a high win rate (>70%). + +If you want to watch the 2022 performance of these algorithms you can see it [here](https://billiondollaralgorithms.com/live-trading). There's also a public FXblue account for them [here](https://www.fxblue.com/users/laronbillions). +I'm sure those companies also want the credit line that comes with a sky high valuation, but even with that, I do not see WeWork surviving a 2020 recession, especially if it comes with a dip in property values. + +EDIT: I am not a professional investor in any way shape or form. +My dad passed away and I inherited his fancy 3 bedroom condo with no mortgage that's worth somewhere around $500-600K. He lived just outside a large city in the Midwest but I was wanting to move there anyway. So moving in the condo seems like a great idea. But then I find out the taxes are more than $12K per year. The HOA ( assessments) is like $800 per month. That's basically $1800 per month for a fancy condo that's actually larger than I even need. What I actually \*need\* is a smaller apartment... that rents for about $1800 per month. I don't have a steady income right now, so it would seem like I should just sell and use that money to help with rent. The problem is the real estate market is soft right now, and properties aren't selling quickly, and even worse, they don't increase in value the way they do in LA or NY. It's basically gone up $50-100K since it was first purchased in 2003 -- and this is a great, gentrified area. + +So my question is actually as follows. If renting costs me $1800 per month and owning costs me $1800 per month, is there really any larger benefits to owning in a city where the housing is fairly stagnant? + +**Edit:** When I mention the option of renting an $1800 apartment, I'm just guessing the cost of a decent one bedroom apartment in this area. It might be a bit less. I might find something great for $1300 but that's probably the bottom and it would be a lucky find. +Hi guys, + +I am fucking jacked to the tits or... Jacques le Tits. + +With all the recent things regarding the Yahoo float sudden increase, I just started to think about something. + +I am French, and France has a very very very small ownership. According to various Bloomberg terminals you can see that the **ownership of GME in France is between 0.02% and 0.03%.** + +[Bloomberg terminal shared yesterday on SuperStonk](https://preview.redd.it/z9x4g6p6mum71.png?width=1917&format=png&auto=webp&s=dce910366fa6db47d22b9ecccd348e9ed68d2638) + +That's ridiculously low indeed. GameStop is unknown in here (we have Micromania). And the GameStop saga is clearly not as well known as in English speaking countries. + +At the same time, I have very large position in the 5 digits shares. I know, no position and such. But it's for the good cause. + +Myself, friends, family (people where I know the exact position and screenshots) have a **total of 42K shares** spread on different accounts on French banks directly. + +A very large chunk of those securities are detained by companies I own or friends do own. In France/Europe we have something called an LEI number. It's REALLY strictly enforced, you really can't buy on an open market with a bank without an LEI number. It's used to trace all transactions, money laundering, etc... So a large chunk of those shares are even more linked on the "France ownership" than you could imagine ... which would not be the case with mainstream brokers. + +Actually, I know other people holding as a person (myself included) on Revolut, or Degiro but I have excluded voluntarily those to avoid a mix in ownership countries (Degiro = NL, Revolut = UK, etc..). I only took the numbers from French banks. I wanted less shares, but more precise ownership shares to avoid any false hope. + +**If you take the "official" float of 70M and you take 0.02% \~ 0.03% ownership in France** + +We should have a total between **14K or 21K shares for France only.** + +If I can account with my own eyes, my own friends and family, 42K shares strictly owned in France.... that's at least between **200% to 300% more than expected. Actually, if I take into account shares I can witness with European brokers (revolut/degiro) or without a strict ownership, we are already near 500%.** + +My tits started to get really erected... but now think about it... France is not small country. Yes, GME is not really well known, indeed.... but we are a country of a 65M people. + +If I account 42K shares with like a dozen people I can trust or I have proof... imagine that there are least one thousand at least people invested GME. I try to be really conservative in here. + +I am sure there at least a few hundred French apes just on SuperStonk only. + +**The real float is probably in the 1000%+ if you take into account the whole French population, that's the beauty of a large country with a very small ownership percentage.** + +**We can get amazing results. I am sure we can do the same calculation with our German apes for example. The ownership is low, if you have a few strong shareholders you know, you will end up with the same calculation.** + +EDIT : Added bloomberg terminal as proof. + +EDIT2 : Added LEI number / institution clarification to explain how precise I tried to be. + +EDIT3 : One interesting comment said that Bloomberg is only scraping from 13F filings. The user (/u/semerien) may be right. Just to clarify and avoid spreading FUD : we are not at all an US institution. We have absolutely no link with the US. But we are required to have a LEI number in Europe to identify us, and we also have to file a beneficiary form each time we do a trade to identify us and to avoid double taxation between France and US (because US are taking the tax directly at the source). + +The form we need to comply with is called "W8-BEN" and it's being sent to the IRS by the bank. Maybe Bloomberg is using that tool ? Maybe the banks are filing more things for us to comply with US regulations ? I am digging that part. Don't want to spread FUD by accident. +Hi all, + +I've been fortunate to have a few RE investments go my way. Now with considerable capital gains tied to investment properties: + +1) How do you balance your direct RE exposure across your total asset allocation? + +2) How will you eventually monetize your active investments in a tax-efficient manner (if you want to retire early and have access to those proceeds)? + +I am fully aware of 1031 exchange (and section 121 exclusion), but 1031 is a tax deferral strategy and not necessarily an end goal tax-minimizing strategy (unless you die and transfer property to heirs). RE investment property has been good to me and I want to do more, but am wary of trapping money. Is the simple solution to just bite bullet and pay the tax man LTCG tax when you are in a low tax bracket? +Here's my story.. + +As a kid, I didn't know my family was low income since we never went hungry or had our power cut off, but my family definitely made it known that we were not well off. My dad was the breadwinner making $65k a year working 60+ hour weeks supporting my mom, myself and four other siblings, and my grandparents. My mom and my grandparents didn't know any English so their job prospects were very limited. I remember my dad always complaining about how broke we were which really stressed me out as a child. Although we lived in a middle class neighborhood, the inside of our house was bad. Stains everywhere on the walls, duct tape to cover the cracks on the kitchen counter, tiles missing on the kitchen floor, etc. There wasn't even space for all of us in a four bedroom house. I shared a room with my sibling and my youngest sister had to sleep in the same room as my parents. I was so embarrassed to bring anyone over to my house as a young teen. + +I eventually got into a prestigious college after years of my mom telling me that the only way to be successful was through my education. Due to my family's limited income, I was able to able to get many grants and scholarships and graduate debt free. I will always be grateful to my college to having a program to allow low income families to graduate debt free (I plan on donating to their scholarship fund in the future). My dream was to work in healthcare, so I took several low paying jobs the next 2-3 years to get into grad school. I worked as a nurse aide for $11/hr and the job was pretty awful. The hospital I worked at was very understaffed and would often give overtime with "staffing crisis" bonuses on top on that. I was making $25/hr some days and was easily working 60+ hour weeks to save up money for grad school. + +I eventually got into grad school while living at my parent's house again and am now in my dream career making close to six figures. With my spouse, we were able to buy a house in a nice neighborhood and can now save a significant amount every month and are working on our emergency savings fund. After maxing out IRA and 401ks, we save about $50k a year. I am still very, very frugal and feel guilty about buying nonessential things. I bought a Kate Spade purse for $80 at the outlet and felt bad since I already have a $30 purse that's perfectly fine. I sold it the next day and got my money back. I still worry about money a lot and am constantly trying to cut out things from my expenses. I am grateful for growing up low income, because I realize actually how hard it is to make good money, but it's hard to actually enjoy it sometimes without the added stress and guilt. For those of you guys who've made it out of poverty, can you relate? +any advice?! +Edit: I don’t have gap insurance because I canceled it 2 months before the accident. +I already settled with the insurance on the amount so that isn’t negotiable anymore. + +How about if you don’t have anything helpful to say then Don’t say it!?? I know i’m in a really bad situation and I screwed myself, but i’m human and having a really difficult time with this. thanks to the people who have been helpful +[edit] Because so many have asked: Celcius, w/ 1% APR @ 25% LTV... +Calm down everyone - I'm not doing this for our ENTIRE HOME DOWNPAYMENT or some shenanigans like that. This is a proof-of-concept venture, and we won't be leveraged deep AT ALL. I've HODL'd since 2016, so I'm totally aware of the volatility. And Yes, I'm totally aware that CeFi is not ideal - We plan on getting our coinage back ASAP, for this reason. Again, this is a proof-of-concept venture with relatively small leverage. BTC would have to hit 15k for liquidation to even begin. +Anyway, thanks for all your advice! ^_^ +Hi Friends, + +I am looking at this twitter deal. Elon is buying all of the shares at 54.20 but right now the stock is trading around 50.20. That's around an 8% premium. Why shouldn't I put all of my portfolio into twitter until the sale and then move everything back to my normal portfolio??? + +Thanks + +&#x200B; + +Also, I am struggling to find the closing date for this transaction. When are the shares being called? +So I’m working on a portfolio using about 5-6 ETFs (I’m still working on which funds), but I want to be sure I’m comfortable with the overall stock and sector weightings. + +Is there a tool that does this for you easily? I figure I can do it manually in Excel using holding data from each ETF’s official website, but I’d prefer not to do that if I can help it. +My wife and I were born and met in the mid-Atlantic. She had lived out west for 10 years before we met. + +She was after me to buy a 2nd house, so we did in Jackson Hole. The intent was to be a second home, but within 3 months of the purchase I was fired from my job and another 3 months we had moved here full time(our firstborn was 11 months old). + +I had no idea how difficult it would be to raise children alone far from your support networks but that is not the point of this post. 1.5 years later we had our second child, born here in Wyoming. + +So basically we are living in an area that gets 5-15’ of snow per year at our house and 40’ on the biggest peaks. Winter is November - April. We are skiers, so this is great. Although temperatures routinely hit -20* for a few weeks. It is pretty easy to get out of town for Thanksgiving and Wyoming does an incredible 2 week spring break that the town empties for. Everything in between is ski season. + +Our youngest started school this year. At this age the winters are easy for her and I’ve raced down the mountain with her shouting “faster skis faster”! + +That said, winters with kids under 4-5 are extremely difficult in this town. We have a pool, a childrens museum, and that is about it. The latter is now closed for a few years until they rebuild. Taking your 2 year old to see the Dog mushing race and it’s -10*, isn’t exactly fun. There is just very limited activities for little kids here in the winter time. My wife and I are 100% mountain people and not beach people but children’s activities in the winter wasn't something we put on our pro-con list when we moved. We simply put no thought on that aspect. + +If I was able to do it again I would give serious consideration to a warm local until the kids were 4-5. On our winter warming vacations to the south, it’s heaven to open the door and let them play. At the very least winter activities for kids <5 should be looked at before you move. + +Now that our kids are all in school they’ve attended ski school several times at -15*. I laugh when I drop them off - I know they drink more hot chocolate then do ski runs but that’s ok. Now they love winter just as much as summer and are old enough to enjoy it. My 8 year old is an incredible skier, well really all of them who grew up here are. We were just hiking in Joshua Tree last week 30 minutes before dark. A nearby Mom was hysterical with her teens. We were 1/4 mile from the parking lot. She thought they were going to fall on the rocks or get lost. Meanwhile my 5 year old is climbing the rocks and points out the direction to the parking lot. + +Just some of my experience for anyone making some of the same considerations. +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! + +What's the best way to mitigate the risk of selling mutual funds when you don't know what the price will be? + +I have to commit to a sale before I know what the price will be at the next pricing point (usually the next day) - so it's a risk. The price I end up getting could be very different to the price I see when I hit the 'sell' button. Is there a smart way to approach this? Some sort of dollar cost averaging maybe - selling a bit at a time over a given period? + +Any suggestions welcome! +I posted last week asking which stock to buy (BNS vs. NWH.UN) and I reasoned that one of my reasons for buying BNS was to DRIP at least one share per quarter. + +And this got me thinking: do you care a lot about DRIP that you buy enough shares to ensure you are covering the drip , at least for the short term? For example , if you think the BNS share price for the next 12 months will be $80-100, then you buy enough so that your quarterly dividend return more than covers that range. + +Does this figure into your stock purchase decision making? +I noticed some interesting stock and option block trades today in UWMC. Starting right about 12:13PM over 200,000 in stock was purchased, leading to the largest volume and price spike of the day. Within a minute of the stock purchase, a sweep of 2,000 Mar 19 10C contracts was traded. + +[200,000 stock purchased](https://preview.redd.it/6l4qxw1nyam61.jpg?width=667&format=pjpg&auto=webp&s=7593fe078609db8ef8ce5ccaab14a99d810705a2) + +[2,000 10C](https://preview.redd.it/lkdfh2u20bm61.jpg?width=712&format=pjpg&auto=webp&s=a095742299fb19b61b9b01c74f134609be153fb9) + +My interpretation here is that some big money purchased the 200,000 or so shares (at an avg price of $9.10) and then covered it with the 2,000 calls (selling price $0.60 each). If UWMC ends above $10 next Friday and the stock is called away, that would be a profit of $1.50 per share, resulting in a tidy $300,000 profit, a nice **16.5% ROI** in just 10 days. +Entrepreneurs and investors are leaving their high-paying corporate jobs to focus on the fast-growing marijuana industry, Reuters reports. Alan Gertner used to be head of Google’s Asia-Pacific sales team, but he had decided to trade his comfortable corporate job for something a lot less conventional. He is currently building a cannabis brand from a small Toronto office. Gertner managed to raise 10 million dollars in capital in just 10 months. Eric Eslao, a former senior production manager at Apple, also jumped on the bandwagon about a year ago to focus on producing cannabis chocolate bars. + +The legal cannabis market is currently worth about eight billion dollars. According to Arcview Market Research, it is predicted to triple in size by 2021. If these predictions come true, the legal cannabis market will outperform America’s most profitable sports organization, the NFL, which aims to reach 25 billion dollars by 2027. + +The significant influx of capital is what helps finance the paychecks of 150,000 workers in the legal cannabis industry in the United States. The industry had a job growth of 20 percent this year. The stigma of joining this industry, legal risks and challenges, and mixed signals of Donald Trump’s administration, however, may present a problem.The banks that work with cannabis-related businesses operate in states where the industry is legalized and are limited to accepting cash deposits. On the other hand, Americans increasingly support marijuana legalization, according to a Reuters poll. + +Ian Laird, the co-founder of New Leaf Data Services LLC, said, “The evolution or rollback of prohibition is inevitable. It’s not like it stopped anyone from getting it.” + +Cannabis investment is still dominated by wealthy individuals, although that is expected to change as the industry grows. The wide-open landscape of opportunity is what draws investors. They are focused on support services and technology. This is how they manage to bypass the legal risk cultivating and selling cannabis still entails. + +At the moment, the cannabis business seems to be about risk arbitrage. Medical cannabis producers are experiencing high returns because the risk is currently high. That too is expected to change soon, since the industry itself keeps creating jobs, as well as tax revenue. Apart from that, Americans are becoming aware of the futility in preventing marijuana use. + +https://www.inquisitr.com/4667846/the-legal-cannabis-market-is-predicted-to-triple-in-size-by-2021/ +Step 1: Bait individual retail investors with an obvious, over-the-line, blatant attack (i.e. Investomania Ad). + +Step 2: Wait for individual retail investors to express outrage and publicly communicate a desire to unite against the attacker (i.e. coordinated class-action lawsuit). + +Step 3: Paint individual retail investors as a coordinated and united front. + +Step 4: Launch new attack campaign accusing “coordinated” retail investors of various forms of market manipulation. + +Step 5: Enact rules to “protect” investors and the “free” market by further restricting trading, halting stocks, reversing trades, etc. + +(Per SEC website: “The SEC may suspend trading in a stock when the Commission is of the opinion that a suspension is required to protect investors and the public interest.  Circumstances that might lead the Commission to suspend trading include: +Questions about trading in the stock, including trading by insiders, potential market manipulation, and the ability to clear and settle transactions in the stock.”) + + +Why would they do this? + +Theory #1: In general, a class-action lawsuit takes several years to reach a verdict. MOASS may be mere weeks/days/hours away. This may be a last-ditch hail mary attempt at thwarting the inevitable (potentially market-destabilizing) MOASS. The system hates that retail finally has a voice and wants nothing more than to shut it down. + +Theory #2: Gary is the Trojan Horse, taking down the SEC from inside, knowing that a slam-dunk class-action lawsuit win will inevitably result in demands for SEC reform. Gary himself implied that the SEC has no real regulatory power (see Jon Stewart interview). Therefore, a landmark case would encourage the Government to empower the SEC with greater regulatory power, enabling them to ACTUALLY regulate the market as intended (i.e. no more settling for useless “punitive” fines). + +Which of these theories is more likely? + +Remember: There is no “we”. I am an individual investor. I make self-educated investments based on my own research. I, on my own accord, choose to BUY, HODL, and DRS solely because I LIKE THE STOCK. +The ultimate goal of Hedgies was Gamestop going under so that they could maximize profits, so they were holding their shorts tight, even not realizing massive profits, with eyes on the ultimate goal. + + +And on the opposite side are the longs, that (mostly) just wanted to make some quick money off a yolo play, and saw one of the biggest shit shows of the last couple of years unfold before their eyes. I believe most of them didn't expect it to develop as it is developing now, and didnt initially plan on holding GME for so long. Well, I, personally, like the stock, and do now. + + +And let's be 100% real, Hedgies have the ultimate skin in the game. It's absolute victory or absolute defeat now. If they fail, it's bankruptcy and possibly jail time. They're fighting for their lives, so no one is surprised they'd try every trick - legal or not - in the book to win. + + +But they're not going to win. I like the stock, lots of others like the stock, so much so that there's not a whole lot of stock left. But they're trying, and they'll keep trying to drive this ship to the ground as long as they stand. So now, Hedgies, if you're reading this, look at me. You're the one going to the ground now. + +I maximize my profits when this ship goes to the moon, and it only goes to the moon when you stop driving the price down, when you're forced to cover. So the thing you were hoping would happen to GME, I'm waiting for it to happen to you. + +Don't go into the stock market without clothes, someone is going to want a piece of your $ASS. +I recently got interested in making my money grow more especially during this pandemic. I have always wanted to start forex trading ever since I started investing (mutual funds) at 15 years old but I knew the risks were too high for me at that age. Could you guys recommend me free tutorials maybe on youtube (if they’re recommendable) or some free resources found online? And maybe tips and tricks of your own? Also if possible, I’d like to know some sites where I can trade for a minimal starting price since I’m only a student. Thank you very much and happy trading! :) +So I'm 28. I have nothing invested into my 401k. I have an autoimmune disease that is gonna knock like 20-30 years off my life. I'm already fairly unhealthy, I'll be surprised if I make it till 50 but it's one of those things we won't know until the time comes. + +I've been thinking a lot about my future and my financial situation lately. Right now, I'm not in a good spot. I don't have a car, I'm renting a room with my girlfriend and her family. I'm making $17 an hour where minimum wage where I'm at is $10.50 I don't see my self finding a better opportunity any time soon. + +My job offers 401k and I'm trying to decide if it's even worth investing considering I don't have a long expected life span and also considering how much I make. + +I'm sorry if this doesn't make much sense, I'm not very knowledgeable on this subject but I'm trying to learn. +At least do not make a TrueCar account unless you want to be inundated with non stop phone calls. + +I made an account because it was going to allow me to see “TrueCar” prices on the app. Turns out what it does is immediately send all of your information to the dealerships right away. No confirmation that you want the dealerships to contact you about this specific car or anything like that. + +I saw the initial disclaimer saying that this would give them the ability to send my info to the dealerships, but stupid me thought that meant I would select that option once I actually knew what I wanted... + +And the big kicker is they have “no way” to cancel an account for their service. That is the answer customer service gives you... I would understand them saying that my number went out and they can’t stop them from calling me but to not be able to cancel my account at all... + +Utter bullshit that will allow me to never use the service for anything again. + +So save yourself and do not make an account. +Please. +" Company repeatedly misapplied loan payments, wrongfully foreclosed on homes and illegally repossessed vehicles, incorrectly assessed fees and interest, charged surprise overdraft fees, along with other illegal activity affecting over 16 million consumer accounts " + +[https://www.consumerfinance.gov/about-us/newsroom/cfpb-orders-wells-fargo-to-pay-37-billion-for-widespread-mismanagement-of-auto-loans-mortgages-and-deposit-accounts/](https://www.consumerfinance.gov/about-us/newsroom/cfpb-orders-wells-fargo-to-pay-37-billion-for-widespread-mismanagement-of-auto-loans-mortgages-and-deposit-accounts/) + +Have to feel this is material to earnings going forward. +Using a throwaway account. + +I am currently an SVP at a public tech company (~$10b mcap), reporting into c-suite (not the CEO), and run a tech department. My TC is ~$2m, 24% base and bonus, 40% RSUs, and 36% PSUs. + +I am talking with a similarly sized company regarding a c-suite role and we are beginning to discuss compensation. This is my first c-suite role and I am not sure how to negotiate compensation or what other contract details to look for. I expect a bump in TC (LTI will be RSUs and options), but it is hard to get a sense of what to expect. Proxy filings were not very helpful as this position in similar companies is not often an NEO. Any suggestions on where to get a baseline? + +Also expect there should be a termination/change in control package in the contract. The ones I have seen allow for the accelerated vesting of any equity and one year’s salary. + +Anything else I should be looking for? + +Edit 1: (for FatFire relevance) +The company is in the same field as my current company and I do believe in the mission, but I am still undecided if this is the right move. At my current position, I could easily reach my fire number within five years. I imagine taking this role could bring that in a bit, or allow me to fire fatter, something I would not mind and could be meaningful, but I don’t want to work for much longer that another five years or so. There is also the ambitious aspect of wanting to make it to the c-level before firing. In balance, not sure it is worth what I expect to be more politics and grief. +**Franklin Templeton India (FTI)** is one of the oldest asset management companies in the country. Respected and lauded as pioneers in collective investing, they are generally viewed as early proponents of equity investing. They have several long standing funds in virtually every category: equity, debt and hybrid. + +FTI is a subsidiary of **Franklin Templeton (FT)**, the American AMC. Lately, the company's outlook is looking bleak. The UST fund fiasco was mentioned several times in this sub. Warnings popped up [here](https://www.reddit.com/r/IndiaInvestments/comments/dpaxfd/biweekly_advice_thread_october_31_2019_all/f5yc4y2/) and echoed [here](https://www.reddit.com/r/IndiaInvestments/comments/dq1yuz/warning_franklin_india_ust_mutual_fund_has_369/). Another update was [posted](https://www.reddit.com/r/IndiaInvestments/comments/epno3o/vodafone_ruling_impact_on_franklin_ultra_short/). FTI finally felt the pinch and their debt funds [dropped by up to 4%](https://kuvera.in/blog/franklin-ft-ultra-short-term-fund-down-4-on-16th-jan-what-happened/). I give them credit for how they handled it. [Marking down](https://www.franklintempletonindia.com/downloadsServlet/pdf/franklin-templeton-fixed-income-portfolio-update-january-2020-k4z79buz) the debt shows transparency and quick action in the face of a crisis. However, they should have unloaded before the downgrade. + +On the other side of the world, Franklin Templeton is facing a similar dilemma. Michael Hasenstab, manager of Templeton Global Bond Fund, [lost $1.8bn in a single day](https://citywire.co.uk/wealth-manager/news/fixed-income-star-loses-1-8bn-in-single-day-as-big-bet-blows-up/a1259470). His bets on Argentinian sovereign bonds turned sour as debt restructuring and political instability gripped the country. + +In the US, FT has lost 55% of its stock value over the last 5 years. Its active funds have consistently underperformed the S&P500 while charging a higher expense ratio. Another player with presence in India, Invesco, has experienced similar falls. Invesco has underperformed even in India. Their large cap fund has given [Nifty50 returns](https://kuvera.in/explore/invesco-india-largecap-growth--RGBLD1-GR#performance) over the last 3 years while charging 1.46% TER. + +FT has a tough road ahead. Their long and robust existence means they have pushed through tough times and shined but now they are being squeezed by risky plays and revival in the short term looks difficult. This was some DD I wanted to share with the community. Your opinions may differ from mine. +Despite endless campaigns getting apes to sell, daily FUD, hype day after hype day, this individual is an example to us all when it comes to true diamond hands. + +Without them, hedge funds would be able to walk all over the common retail investor, yet they are the one who has stood firm consistently, trusted their instincts and research and led the way as a value investor. + +I could name them here, but I’ll let their profile do the talking for me. [Legend](https://www.reddit.com/user/me). +I decided to pull the trigger to sell our IP apartment, bought in 2009 for $380K. I bough it at ridiculous price at that time. I have been trying to sell for years, hoping get a break even. Seven year ago, thinking to sell, price $340K. I said to my self, it would go up. Five years ago, estimate price was $340K, I waited again. +I realised, it would not go up, so I just pull the trigger, and move on. +I hope none one made mistake like I did. Sorry for bad grammar. +Idk who needs to hear this. + +Almost everything the DRS DD has predicted is coming to fruition. + +The DD has always said that GME will not moon until the market (and Citadels collateral) crashes. + +The point of DRSing is to removed shares from DTC/Cede and co. custodial care. + +The DD on DRSing has always said that DRSing will lead to the ♾️ pool. + +As more shares get removed from DTC/Cede and co custody the stock becomes more illiquid. As that happens **it becomes easier for SHF to drop the price on fewer volume**. + +This is all part of the DD. This is the dip before the rip. + +Buy. DRS. Hold. + +**Edit** + +Remind me, when did the DRS campaign really pick up steam? + +Summer of 2021, right? + +Take a look at this. + +www.reddit.com/r/Superstonk/comments/t629e1/today_was_9th_lowest_volume_in_the_last_5_years + +You see that? + +**All 10 of the lowest volume days in the past 5 years of GME trading have happened in the past 7 months**.(summer of 2021) + +DRS is working. Stock is drying up. + +TickTok. + +Buckle up. +I've had the opportunity to see a relative acquire a good chunk of land in a beautiful location, build a fairly sized wood cabin and cultivate the land, collect water and use solar for energy, and I've never seen this relative so fulfilled, in fact he told me "I've never been this content with life", I've also had the great chance of experiencing some Homestead life for a few uninterrupted weeks and It changed my outlook on life in a pretty drastic way, akin to taking psychedelics for the first time, i.e experiencing a set of experiences you didn't know were even available, they were hidden, and now you know and while the afterglow will dissipate you will never be the same again. + +This is one of the reasons I'm interested in FI, anyone else in a similar spot? +Update: told them we would be moving on if payment hasn’t arrived by a specified time. They paid immediately after I sent that lol… wish me luck over the next year with this individual… smh + +Had an applicant who will be moving here fly in from out of state to view the property, got background and credit checks and proof of income, everything checked out. Have sent them the lease agreement through docusign which they have signed. I also sent them a request to pay the deposit and first months rent. + +I should have waited for them to send it BEFORE I signed, but I mistakenly did not. They are now not responding. What can/should I do? +Missed out on Tiki Token? Check out 💎 Spinel Token, a new token on BSC which rewards its holders with bnb that is AUTOPAID every 60 minutes meaning no need to connect your wallet or sign on everyday. + +&#x200B; + +💎 **Use case:** + + The Spinel News Network is the first project to emerge from the Spinel ecosystem. Following the launch of the network, 50% of all revenue earned by ads/clicks will be paid to $Spinel token holders via our reinvestment program. + +&#x200B; + +💎 **Blockchain:** + + With the launch of the Spinel exchange and blockchain, Spinel token holders will receive an air drop of Spinel Coin. The Spinel coin will then be staked automatically to generate the holder with Spinel tokens. + +&#x200B; + +💎 **Other features** + +Anti-Dump Logic. $Spinel sales include price protection features. Single transactions that would involve selling more than 0.1% of the total supply will be rejected to prevent a major drop in token price. + +&#x200B; + + 📃 Extra 3% sell fee. To prevent swing trading and to entice holders to hold tokens, there is an extra 3% sell fee in addition to the 15% fee (total sell fee = 18% \[12% BNB redistribution + 6% pool\]). + +&#x200B; + + 📃 Audit: Paid for and being completed by Hashex right now and will be out before presale + +&#x200B; + + 📃 The Movement has Begun + +&#x200B; + +🚀 Presale: 25 June, 6:00 CST + +&#x200B; + +**From every transaction there is a 15% tax** + +✅ 5% LP addition + +✅ 10% Redistribution to holders + +✅ Presale Hard Cap: 600 BNB + + + +🚀 Presale on bounce finance protected by password to prevent botting + +&#x200B; + +Whitelist is being put together right now and group is growing fast. Check it out! + +&#x200B; + +**Socials:** + +Website: [https://spineltoken.com](https://spineltoken.com) + +Telegram: [https://t.me/SpinelToken](https://t.me/SpinelToken) + +Twitter: [https://twitter.com/SpinelToken](https://twitter.com/SpinelToken) +I’ve read a bunch of the old posts on public vs private schools and I wanted to get others thoughts on a specific point between the two. + +A few colleagues and I were talking about the ‘value’ of an elite private high school. For reference, we all live in a HCOL area with phenomenal public schools so it’s not a question of getting the best education. However, their argument was that I’m paying for the connections / bonds my kids (and maybe me with other parents) will make throughout their school years. One of the guys (my employee) went to an elite private HS and then a prestigious private college. The other two have kids my age, and both said they plan on sending their kids to elite private schools. + +As a background, I went to a small ruralish HS with barely overly 100 kids per grade. It’s wasn’t a very good school with only a handful going to the top state school caliber school. I feel while I worked hard to get her I am, I was extremely lucky to meet a current partner. Without meeting him, I guess I wouldn’t be nearly where I am today without some other kind of luck. I have only a few friends from HS I would consider ever reaching out to business wise. I probably should have networked better in college but I was too busy going out. So I feel I have almost zero people I could reach out to in the business world from high school while my employee has a ton of friends from high school in the same business world. + +The question is… will the $50k a year be worth the ‘extra luck’ for my kids with the connections they might make assuming all else equal (they will work hard and be driven either way)? Or is it better to just give them the equivalent money? A few comments on previous posts touched on this topic so I was curious what others have experienced themselves or through their kids. +I plan to make this my first car, I plan to use it everyday I go to work, run errands, or cruise. I plan to take care of this car as best I can if I get my hands on it. Is it worth it? I’ve been driving my grandmas car for 1-2 years now, I have my license and all. Any tips? + +Edit 2: I will try and use my parents car as long as I can, who knows, I might Inherit it in the future. seems like saving is the best thing I could do rn at my age and with the income I make. I’m still reading all your comments tho :) +https://www.cnbctv18.com/economy/from-colgate-products-to-red-bull-over-1000-non-swadeshi-items-wont-be-sold-in-paramilitary-canteens-6043921.htm + +> The government has put out a list of de-listed items or products that will not be sold by the Kendriya Police Kalyan Bhandar (KPKB) with effect from June 1 with an aim to boost the use of 'Swadeshi' or India-made products. + +> Other products that have been delisted include Colgate Palmolive's products like body wash, mouth wash, Havells India products like Iron, hair straightener, GlaxoSmithKline's certain product categories of Horlicks and Hindustan Unilever's Kwality Magnum chocolate ice cream. + +> The list also includes Loreal Mybelline Kajal, several products of LG Electronics, Mars chocolates, Nivea, Philips, Bajaj electronics, Panasonic, Blue Star, Eureka Forbes, Samsung, Borosil Glassware, TTK Prestige, Timex, Tommy Hilfiger, Cello plastic and homeware products. + +> Abbott Healthcare products such as Similac Isomil, Addidas body spray sold by Cavinkare, Gillette's shaving range products sold by P&G, Air freshener Airwick (Reckitt Benckiser), Safari, Samsonite, VIP luggages products, Sleepwell blanket range (Sheela Foam), Dabur Real fruit juice range and Nilkamal plastic product range like chairs etc are also included in the list of products that will not be sold. + + +Lot of these products are made by companies which are listed in our stock exchanges and are highly priced FMCG stock. Is it time to start dumping these stocks & buy the high yield Patanjali bonds? +Now that I have your attention, I was sucked in by a personal banker to buy HDFC Life Sanchay Par Advantage plan. The guy just called. Showed me mouth watering illustration of how I will get 39k every year, If I just invest 1 lac every year for the next 12 years. He didn't give me enough time to think. I was sucked in. But since then, I have seen reviews of the plan and they are NOT favorable at all. How do they arrive at the 39k per year cash bonus every single year. I kept pointing out that this 39k is non-guaranteed in the illustration. But he kept on telling me not to worry. Id be grateful if someone can point out what they are hiding? The illustration is here: [https://imgur.com/a/nlYutfP](https://imgur.com/a/nlYutfP) + +Update: July 17th. + +So, I have initiated the cancellation process. I spoke to the agent just to know what he is going to say, and he was like I will only get back around 89k for the 1 lac premium that I had paid. Even if it is within the free look-in period. I immediately knew he is bull shitting and proceeded to mail HDFC Life to cancel it. They emailed me back saying I had to go to the nearest HDFC Life branch to get it cancelled. I realized that they would try to convince me in the branch, hence I insisted on cancelling by mail itself. They accepted and have now initiated the process. Meanwhile, I wait and hope they refund the amount to my credit card before the due date of the credit card bill. +My wife and I are now WFH since covid-19 and we have our young kids (5/10) home with us all day. We seem to have so much free time, house is immaculate, lots of unfinished projects done. Console games are being finished and lots of reading. But we are self isolating, so not seeing any friends, or going out to lunch. I guess I am getting a taste of early retirement but I am just not sure how I feel about it. I do realize I am spending next to nothing, and since my house is paid off, my bills are minimal. Looking for perspective from others. +In many posts people describe themselves as 30M or 35F or whatever when asking what's best for them or what options are available Now I get that age makes a difference to the answer but apart from possible loss of income around child birth and slightly higher life expectancy when does gender affect the reply? + +EDIT +Thanks for the replies. A summary seems to be is that it affects + +Earning potential which I alluded to, but not broadly enough + +What seems to be illegal bias from employers and financial institutions which I had not thought of, as I knew it was there 40 years ago, but did not realise still a big issue, + +In some case higher expenditure (from personal appearances) + +The social norm that the women gets the kids more often in the case of separation, leading to a higher risk of reduced saving potential due to consequent lower income and/or higher costs +I picked up 91,000 shares of XOP.CN yesterday for $910. [CANADIAN OVERSEAS PETROLEUM INC] + +Calgary-based. + +Lately it hovers between 0.01 Ask and 0.005 Bid, waiting on results to spur it upwards. + +Lots of discussion on CEO.ca, Yahoo Finance, etc., about their oil exploration in Africa. + +Anyone else in on XOP? Thoughts? +My Family is emotionally abusive and I was planning on moving out but didnt expect it so abruptly and soon. Im currently sleeping at a friend's couch and I am safe for now. I'm trying to file my taxes so I can ensure I get the stimulus check but till then I dont know what to do. I have 0 credit no debt and am currently two hours from any major town. There are little to no jobs and im just trying to land on my feet but I think this is the worst possible time to be on my own. + +I was thinking of moving to a major city because there I would get more support for being homeless and more possibility of jobs, but I think everything is shut down regardless. I just got a job at a grocery chain and im trying to sell my gaming setup to maybe buy a tent so I can get to work for acouple weeks till I can make a deposit on a apartment from selling my gaming rig hopefully. Im a girl so im trying to avoid the streets but honestly dont know how this all will work out. + +I'll take any and all advice because im feeling hopeless and just want to get out of these rough times so I can go back to school in August and study for my lifetime dream. Im scared and dont know what to do. + +Thanks. + +**Edit** for those asking im in Texas. + +Been trying to read every comment and pretty much have been crying cause I thought I was alone and the fact that there are people out there who care when I've been taught so differently has made me have hope again in humanity. It's 7 am and I should probs go to bed. The plan is to file taxes, start the process of applying to food stamps and finish the day with just job searching. Once Monday hits im going to start calling to see what I can do. I'm determined to not end up as a statistic or get lost to the system and fight for my education. Thank you. + +**Edit 2** I woke up and this blew up. Holy. +Thank you guys so much after two hours I just finished responding to most pms and chats. I am copying and pasting alot of the advice in this thread to a google doc so I can work on that. Im replying to more dm's if anything but im trying to read every comment since you guys have made me realize im not alone. I grew up in a household that taught me no one cares about your problems and never ask for help and today I have realized that is so wrong. Ive been crying because it's been this subreddit that has given me motivation to keep going and made me realize there really is faith in humanity. Thank you. +Activist investor Carl Icahn amassed a Twitter stake worth more than $500 million in the past few months and made a sizable profit on Tuesday after Elon Musk proposed to go ahead with his takeover of the social media platform, the Wall Street Journal reported. + +Twitter shares jumped more than 22 per cent to end at $52.00 on Tuesday, after a securities filing showed Musk intends to go ahead with his April offer of $44 billion to take the company private, signaling an end to a legal battle that could have forced Musk to pay up. + +Icahn paid in the mid-$30s a share for the stake, the report said, citing people familiar with the matter. The estimated profit for Icahn Enterprises LP could exceed $250 million, it added. + +Icahn made the investment on the belief that Tesla Inc chief Musk wouldn't go through a trial that he looked likely to lose, the report said. He also believed that the stock was worth close to the mid-$30s in the long term. + +Other investors, including D.E. Shaw Group and Daniel Loeb's Third Point LLC, also placed bets on Twitter shares in recent months and could make sizable gains as well, according to the report. + +Source: [https://www.wsj.com/articles/icahn-others-clean-up-on-musk-s-twitter-about-face-11664926249](https://www.wsj.com/articles/icahn-others-clean-up-on-musk-s-twitter-about-face-11664926249) + +Carl Icahn made a $250 million profit yesterday after purchasing Twitter (TWTR) shares worth over $500 million months ago, betted Elon Musk will end up buying TWTR one way or another. TWTR rallied 22% yesterday after Musk revived the buyout deal. Did you also think Musk will eventually buy TWTR same view as Icahn? +Apart from liquidations many shorters were also forced to cover their positions after BTC closed above options strike price 35k. + +All this happened over a weekend. Bullish weekend usually leads to even more bullish week. Right now anyone shorting has a serious set of nuts! Based on my analysis, if price closes above 38k today then we're gonna pump to 43k very soon. + +[Liquidation Data](https://www.bybt.com/LiquidationData) +What is the best way to get new community members up to speed on what has really happened GME stock? + +We might get a rush of new members due to the movie, if they find Superstonk we should be as helpful and informative is possible. + +My opinion is that we need to communicate: +1. Shorts never closed +2. Retail is not responsible for the price action on this stock. +3. And then point to the DD +This is going to be a new series which I discuss books I have read and give summaries along the way and lessons I have learnt. The first one I’m going to go over is the intelligent investor by Ben Graham that I personally think is one of the most well respected and known books in finance, largely because Buffett sees Graham as the father of value investing, which is largely against the majority of stonks mentioned on here. But anyway my point is he was well respected and isn’t some guy claiming to be a financial guru offering some $50-$200 finance course which teaches you jack shit. Now the books I cover will be largely investing focused and a bit more intermediate than basic books like the barefoot investor which I think is largely common sense and I don’t understand the hype around him, but that’s another debate. + +The intelligent investor is a book which focuses extremely on value investing and is not a fan of things like speculating and changing strategies, its all about understanding a company and then finding a good safety margin to invest in. this doesn’t mean just finding some great company, but also considering the great company may be overpriced and you may need to wait, which isn’t the best strategy these days for everyone, but is one I still think can be used. Ideas like Bitcoin would be dismissed very quickly and Graham would be rolling over in his grave at these ideas. Now, because the book is so long ill be doing a 2 chapter summary each time to keep the length down. + +Chapter 1+2- Investing, speculating, inflation! + +The first thing that is covered is ensuring the reader has a clear understanding on Grahams views of speculating compared to investing, he explains that investing is having a solid understanding of a company which allows for adequate returns and a decent safety margin, if these features are not met then it is a speculation. This doesn’t mean you cant speculate stocks if you want to, but he really emphasises that you need to understand your strategy and to stick to it, don’t speculate and try convince yourself you’re investing as you will just get into a bigger and bigger hole. For example, to use an extreme example, Afterpay by these definitions would be considered a speculation for multiple reasons. The first one is it doesn’t allow for adequate returns, the variance is so extreme that your returns will be extreme and does not meet this criteria. The next point is that the company the last 2 years has constantly being expanding into unknown territory and it would be extremely hard for anyone without hindsight 2 years ago to say with confidence that there was a high global value and safety in the company. + +Graham then highlights that there is 2 main types of investors, defensive and aggressive. Defensive investing is what we will cover first and is a bit outdated but can be adjusted to todays times. The first point is that they believe a balance between bonds and high grade (blue chip) stocks, with bonds never reaching below 25%. Now you may think bonds? What the fuck am I, am underwear model? Bonds are where you loan money to the government for set returns. Aus 10yr bonds are currently at record lows in returns and in 1965 for example bonds offered 3.25% on tax-free US government bonds. Now if you check Aus 10yr government bonds are 1.6%, which is still much higher than banks and is a perfect example of why fook saving your money in banks. The book mentions that in 1971, you could get a 6% return from US 5yr bonds, which is essentially a government guarantee is extremely safe, but times were different back then with inflation and interest rates. + +The next thing to consider is the aggressive or active investor. This person will want and expect higher returns than a defensive/passive investor, but the main caution here is to make sure you do not get less returns…WHICH IS WHERE THE MAJORITY OF PEOPLE FAIL! The book then breaks down 3 ways you can do this, the first is trading, which the book mentions is about momentum and buying/short selling to follow the last few % and rinse and repeat. The next one is a short term focus which is buying/shorting a stock which is expected to have better/poorer earnings or macro conditions which you can anticipate. The last one is long term investing and this is what Graham focuses on, because they rule out trading as its not investing and they rule out option 2 by default that the retail investor is buying/shorting on news priced in or is wrong about. + +The last part is commentary provided Jason Zweig who I have no idea who he is but his commentary has been excellent. Now if you remember any part of this, this is what I would like to highlight. In 1999 6 million…MILLION people were trading online and about 10% were day trading. The commentary provides examples and quotes of famous people like Barbara Streisand who said “Im Taurus the Bull so I react to red, If I see red, I sell my stocks quickly”…sound like anyone? The point is retail investors were starting to think they were geniuses with the .com bubble and we now all know how that ended. Wanna hear another example, sure. December 20 1999, Juno online services announced it would give all retail services free of no charge and spend all money on advertising, the share price then went from $16.75 (have a guess what it went to in 2 days) to $66.75. Yes a company which announced it would no longer make revenue and increase expenses quadrupled in value, let that sink in. 12 months later the share price was $1.09. Theres more examples in this chapter alone including Motley fool where the commentary destroys the hype and articles of shit finance gurus and companies were sprouting. + +Inflation! + +This chapter was where I learnt that holy shit, numbers are the only thing that can be relied on because you can find an opinion from some financial person to match your point of view these days, but numbers are the only thing you should trust (Yes, I know that theres dodgy companies who manipulate numbers). The book then gives a very bold statement that essentially unless you have a brick for a brain you should be able to realise a 100% stock portfolio is not a good idea long term, and this puzzled me and I still don’t agree with it, but ill provide his reason why and why I disagree. Now inflation will take away a small % of your gains and this will fluctuate year after year, sure that’s easy to digest and agree with. The issue is that they mention if there is a stock market crash it can take years if not decades to get back to the level pre crash and during that time you have lost out to inflation and would of done better in bonds. Now this is obviously correct, 3% a year is better than losing 50% in a year and then getting 5% returns the next lot of years (as an example). From 1929-1932 General Electric shat the bed and it took 25 years! 25 YEARS! To recover the losses investors had in those 3 years, now that’s a very fooken long time. They use this claim to justify that the next time an investor sees a huge bull market (the past year for us) they will use this idea to justify that the shares must keep rocketing rather than seeing it as a danger sign and cashing in profits. Now I disagree with this because everyone knows there’s peaks and valleys, if you didn’t look up the business cycle and compare it with the stock market. But thinking about it now its evident theres a lot of this thinking online, whether its through US shitty youtubers and reddit posts or even our own reddit posts, and I have now changed my mind and strongly agree with the thinking, but I still disagree that a 100% stock portfolio (ignoring a % in cash) is wrong. Bonds are useful to protect against inflation, but will we see a long drawn out crash again? Well that’s to be debated. + +The last point I want to highlight from the book is that Graham is wrong multiple times in terms of his prediction of the markets after the book or how he would deal with certain dilemmas. One of them is inflation and he says Gold is not useful, because you pay a storage cost and even though gold has slowly risen in price, the storage cost defeat the purpose and bonds would be better. However since this writing, the commentator has cited multiple sources showing that even a small amount of gold or precious metal in a portfolio should not be dismissed as a bad year is not enough to outweigh the good years of gold which can help carry your portfolio through inflation swings. + +This is the first 2 chapters essentially summarised from the book! I cut down the 2nd chapter on inflation after I realised how long the first chapter was, if you would be okay with a longer summary then let me know and ill add more depth and detail into the next part. The book has 20 chapters so this may be a long series! As always this is a recap with my opinions, so if any of this does sound interesting I highly recommend buying the book (revised version) to form your own opinions and learn, it is not a beginner friendly book so make sure you have a basic understanding of the markets in general before you buy. +This is going to be a new series which I discuss books I have read and give summaries along the way and lessons I have learnt. The first one I’m going to go over is the intelligent investor by Ben Graham that I personally think is one of the most well respected and known books in finance, largely because Buffett sees Graham as the father of value investing, which is largely against the majority of stonks mentioned on here. But anyway my point is he was well respected and isn’t some guy claiming to be a financial guru offering some $50-$200 finance course which teaches you jack shit. Now the books I cover will be largely investing focused and a bit more intermediate than basic books like the barefoot investor which I think is largely common sense and I don’t understand the hype around him, but that’s another debate. + +The intelligent investor is a book which focuses extremely on value investing and is not a fan of things like speculating and changing strategies, its all about understanding a company and then finding a good safety margin to invest in. this doesn’t mean just finding some great company, but also considering the great company may be overpriced and you may need to wait, which isn’t the best strategy these days for everyone, but is one I still think can be used. Ideas like Bitcoin would be dismissed very quickly and Graham would be rolling over in his grave at these ideas. Now, because the book is so long ill be doing a 2 chapter summary each time to keep the length down. + +Chapter 1+2- Investing, speculating, inflation! + +The first thing that is covered is ensuring the reader has a clear understanding on Grahams views of speculating compared to investing, he explains that investing is having a solid understanding of a company which allows for adequate returns and a decent safety margin, if these features are not met then it is a speculation. This doesn’t mean you cant speculate stocks if you want to, but he really emphasises that you need to understand your strategy and to stick to it, don’t speculate and try convince yourself you’re investing as you will just get into a bigger and bigger hole. For example, to use an extreme example, Afterpay by these definitions would be considered a speculation for multiple reasons. The first one is it doesn’t allow for adequate returns, the variance is so extreme that your returns will be extreme and does not meet this criteria. The next point is that the company the last 2 years has constantly being expanding into unknown territory and it would be extremely hard for anyone without hindsight 2 years ago to say with confidence that there was a high global value and safety in the company. + +Graham then highlights that there is 2 main types of investors, defensive and aggressive. Defensive investing is what we will cover first and is a bit outdated but can be adjusted to todays times. The first point is that they believe a balance between bonds and high grade (blue chip) stocks, with bonds never reaching below 25%. Now you may think bonds? What the fuck am I, am underwear model? Bonds are where you loan money to the government for set returns. Aus 10yr bonds are currently at record lows in returns and in 1965 for example bonds offered 3.25% on tax-free US government bonds. Now if you check Aus 10yr government bonds are 1.6%, which is still much higher than banks and is a perfect example of why fook saving your money in banks. The book mentions that in 1971, you could get a 6% return from US 5yr bonds, which is essentially a government guarantee is extremely safe, but times were different back then with inflation and interest rates. + +The next thing to consider is the aggressive or active investor. This person will want and expect higher returns than a defensive/passive investor, but the main caution here is to make sure you do not get less returns…WHICH IS WHERE THE MAJORITY OF PEOPLE FAIL! The book then breaks down 3 ways you can do this, the first is trading, which the book mentions is about momentum and buying/short selling to follow the last few % and rinse and repeat. The next one is a short term focus which is buying/shorting a stock which is expected to have better/poorer earnings or macro conditions which you can anticipate. The last one is long term investing and this is what Graham focuses on, because they rule out trading as its not investing and they rule out option 2 by default that the retail investor is buying/shorting on news priced in or is wrong about. + +The last part is commentary provided Jason Zweig who I have no idea who he is but his commentary has been excellent. Now if you remember any part of this, this is what I would like to highlight. In 1999 6 million…MILLION people were trading online and about 10% were day trading. The commentary provides examples and quotes of famous people like Barbara Streisand who said “Im Taurus the Bull so I react to red, If I see red, I sell my stocks quickly”…sound like anyone? The point is retail investors were starting to think they were geniuses with the .com bubble and we now all know how that ended. Wanna hear another example, sure. December 20 1999, Juno online services announced it would give all retail services free of no charge and spend all money on advertising, the share price then went from $16.75 (have a guess what it went to in 2 days) to $66.75. Yes a company which announced it would no longer make revenue and increase expenses quadrupled in value, let that sink in. 12 months later the share price was $1.09. Theres more examples in this chapter alone including Motley fool where the commentary destroys the hype and articles of shit finance gurus and companies were sprouting. + +Inflation! + +This chapter was where I learnt that holy shit, numbers are the only thing that can be relied on because you can find an opinion from some financial person to match your point of view these days, but numbers are the only thing you should trust (Yes, I know that theres dodgy companies who manipulate numbers). The book then gives a very bold statement that essentially unless you have a brick for a brain you should be able to realise a 100% stock portfolio is not a good idea long term, and this puzzled me and I still don’t agree with it, but ill provide his reason why and why I disagree. Now inflation will take away a small % of your gains and this will fluctuate year after year, sure that’s easy to digest and agree with. The issue is that they mention if there is a stock market crash it can take years if not decades to get back to the level pre crash and during that time you have lost out to inflation and would of done better in bonds. Now this is obviously correct, 3% a year is better than losing 50% in a year and then getting 5% returns the next lot of years (as an example). From 1929-1932 General Electric shat the bed and it took 25 years! 25 YEARS! To recover the losses investors had in those 3 years, now that’s a very fooken long time. They use this claim to justify that the next time an investor sees a huge bull market (the past year for us) they will use this idea to justify that the shares must keep rocketing rather than seeing it as a danger sign and cashing in profits. Now I disagree with this because everyone knows there’s peaks and valleys, if you didn’t look up the business cycle and compare it with the stock market. But thinking about it now its evident theres a lot of this thinking online, whether its through US shitty youtubers and reddit posts or even our own reddit posts, and I have now changed my mind and strongly agree with the thinking, but I still disagree that a 100% stock portfolio (ignoring a % in cash) is wrong. Bonds are useful to protect against inflation, but will we see a long drawn out crash again? Well that’s to be debated. + +The last point I want to highlight from the book is that Graham is wrong multiple times in terms of his prediction of the markets after the book or how he would deal with certain dilemmas. One of them is inflation and he says Gold is not useful, because you pay a storage cost and even though gold has slowly risen in price, the storage cost defeat the purpose and bonds would be better. However since this writing, the commentator has cited multiple sources showing that even a small amount of gold or precious metal in a portfolio should not be dismissed as a bad year is not enough to outweigh the good years of gold which can help carry your portfolio through inflation swings. + +This is the first 2 chapters essentially summarised from the book! I cut down the 2nd chapter on inflation after I realised how long the first chapter was, if you would be okay with a longer summary then let me know and ill add more depth and detail into the next part. The book has 20 chapters so this may be a long series! As always this is a recap with my opinions, so if any of this does sound interesting I highly recommend buying the book (revised version) to form your own opinions and learn, it is not a beginner friendly book so make sure you have a basic understanding of the markets in general before you buy. +I've seen some people float the idea around here like it's an actual good possibility of ETH reaching a price of $1,000 but it seems pretty far fetched to me. + +Bitcoin has a market cap of ~18.5 billion. If ETH hit the same cap, the price of ETH would be just barely over $200. In order for ETH to reach a price of $1000, ETH would have to gain 5x the market cap beyond that. We're talking ~100 billion. The current market cap of all coins is estimated at roughly ~27 billion. ETH would require a massive implementation very beyond what bitcoin already is to get this. + +I can see the possibility of ETH matching bitcoin in the relative near future (1-2 years). But beyond that with $1,000 in the eye sight, I can't imagine it being possible any time soon, maybe it'll change in 5-10 years. + +Thoughts? +I really hope this post doesn't come across as quintessential 'wow i'm 20 and only have six figures in savings how ever will I manage' but I'd genuinely like advice. I know this is a nice problem to have. + +I'm 20 and have made 120k (after tax) in crypto. All sold, sorted and tax return being prepared. The entire 120k is now in a Vanguard account invested in the FTSE Global All Cap (split between ISA and GIA). + +I don't know what my next steps should be. My salary is 16k as an office assistant so this is a fuck ton of money for me and I don't want to mess this up. I'm torn between keeping it in the markets for the next few years while I rent/flat share (currently live with parents but they're driving me mad so I'm thinking of leaving later this year.), or just buying a house with a mortgage later this year or next. + +I can't decide. Renting gives me flexibility as I'm at the start of my career, but my friends and family (will probably regret letting them know my situation but never mind) all agree it's throwing money away if I can afford to buy a house, and 'most people my age will never be able to so I should go for it.' However, buying a house gives me so much responsibility and I don't know if I'm ready for that at this age. + +Does anybody have any advice? + +Thanks a lot +Has anyone been following Pabrai's shameless cloning or free lunch portfolio? Basically buying what other top value investors are buying, what are your thoughts on this type of strategy? +Alright, you may say when they are not undervalued anymore. But how do you know? + +I've been following value strategies for the past 8 years and am very happy with my picks and returns. However I have never sold anything. I've just been pouring more and more money every month. + +Obviously, my current P/E and P/B are way higher now than on purchase date. + +Some value investors recommend to sell when the P/E reaches 40. Others say to reuse my criteria for buying a stock and see if I'd buy it again now. If not, sell. + +Any insight? +Apparently when I was born, my grandparents started a savings account for me in Germany (I'm German, they're German, at the time everyone lived in Germany). Following a move to the US with my parents as a young child, the information my parents had on said account got lost (even which bank/etc). Unfortunately, my grandparents are no longer around to ask. + +Is there a way to figure out if said account exists and where? My parents are sure that it was created and paid into, but have in the past \~25 years forgotten the finer details. This phantom account has come up in conversations here or there over the years and I'd like to try and track it down (who wouldn't?) if at all possible. + +Thank you for any links/resources/ideas! +I've been trying to save money over the past year+some months. I basically paid all of my bills every pay cycle, made sure there was food; and anything leftover before receiving my next paycheck would go into my savings. Sometimes it was $50, other times it was $200+. When it came time for tax season last year, I vowed that I would put all of my return into my savings. In prior years, I'd look at my return and then decide on something expensive to buy myself instead of saving it, so last year was a big change. I just did my taxes two days ago and I'm getting $450 back again this year. When I take that same $450 and put it into my savings this year, it'll push my savings up to over $6,000. It's the most money I've ever saved by myself and I'm proud that I was able to change some of my spending habits. +I just don’t understand why people (general public) are terrified of shares, but so keen on investment properties? Like even on a managed fund you’re gunna earn more than an investment property, without all the stress/costs that come with being a landlord. + +Please excuse the basic language, I have very little education, thus vernacular, when it comes to this stuff! +Two ways to save - earn more, or spend less. I've been thinking of moving into a sharehouse (groan) for a year so I can halve my accomodation costs and save the difference. This got me wondering about what other things people have given up, at least temporarily, to get a bit more cash behind them. +I finally gave up buying a PPOR in Sydney and planning to buy an investment property in Brisbane. I spoke with few property investors and everyone, literally everyone tell me how I should buy more than a handful of properties over a course of 10 years and how I could comfortably retire then. Everyone were backing new house and land packages so you have don't have to pay the whole mortgage at the same time (registering land and building takes time and you pay mortgage only incrementally) . You don't have to pay your full tax and all those investment property calculations that tends to favor the ones who are inclined to risk. Calculators don't lie, do they? + +Their premise is the tenants and the depreciation of the house pays for itself. Always buy a brand new house so you can claim more on depreciation. They don't even know and see where and what they are buying. They just build with standard inclusions and don't really care about the quality because they are going to sell when it starts getting to suck. They are confident they have landlords and other insurance. + +The other question "they force" to ask yourself is, do you know anyone who has regretted buying a property (if they had hold it atleast for a decade) ? Do you think if you go back in time and bought something ten years ago, would you regret now? The answer obviously is no to both the questions. + +Lots are literally getting sold in couple of hours (I've seen it myself and attest to it). I'm a migrant and a citizen now and almost every migrant I know (irrespective of where you are from, but mostly I talk with Asians) supports this theory and working towards it. + +I honestly don't have anything to gain from this but I think they are not completely wrong. I would love to hear what you think. + +Edit: I forgot to add how they always about the very high rental yield and low vacancy rates. And even a capital growth of 4% is sweet. And again, the data supports the claim. + +Edit2: Lot of people might right come up with similar ideas like /u/MrX2285 which is *"This mentality is in part causing the housing boom, and these people will be the most affected when the housing bubble bursts and causes a major recession. This will be a fine idea if you're sure the housing market won't crash before you die/mortgage is paid off, but if it does crash then you may need to work for many more years to pay off the mortgages or declare bankruptcy."* + +**But the investor might only need to have a tenant occupying his property during the crash. The tenant basically pays off his interest only mortgage while the investor sits tight and would sail through the crash and sell it later. That's why the property "gurus" advice people to have at least a 15 year horizon. Again, without prejudice they have a point there.** + +Edit3: As /u/crappy-pete has rightly pointed out, it might be very difficult in this current scenario to live off only with the rents from IPs. **But, what if, this still provides a fantastic vehicle to retire early with the capital appreciation and you do a barista FIRE or something of that sort rest of your life? Can it alteast advance the retirement from the full time job by 10 years?** + +Edit4: As /u/soupie62 said - *If things go bad and interest rates are 15% or higher, how much would you need to raise the rent?* **The only real economy Australia has real estate and the jobs surrounding real estate. Again these are the words of my bloody property gurus. They talk about how savings is going to generate negative interest rates, and how increasing interest rates on housing is a disaster for the whole country and thousands would lose homes and no political party would let that happen. It's very evident even during covid, isn't ?** + +Edit5: Sorry, it's not a new trend. My bad! +My job pretty much puts me at the forefront of retail, and for the past 2 years I’ve felt something was off, I just didn’t know what. I was brought into GME by a fellow autist I met through a shitcoin and dove in without knowing much about it. + +After finding the DD (which is a blessing in itself, because it’s FREE, easily accessible information for anyone) - and really trying to understand it, I realized this move was a lot bigger than myself. + +That’s when it really hit home. I halted 401k contributions, Roth IRA contributions, and started weekly contributions to my #drs total of #GME and #GME only. I no longer want to take part in the system my parents, grandparents grew up in - and I don’t have to. I voluntarily choose to go against the system, and it’s because I’m better than the wagecuck job this system forces me into for 40 years so *hopefully* I have a chance to retire and live a decent life. + +This system was not made to benefit me, you, my parents, my grandparents. This system doesn’t give a fvck about my or your retirement. The US equities market is a parasite that has been leeching off the working class for a lot longer than the DD gives it credit for. + +This is the hill I die on. +Congratulations to all that have held since the beginning, congratulations to all that have accumulated since 2017, congratulations to all the ones that just bought last night. You all have helped ETH reach a new all time high. This is a great moment in crypto. Congratulations 🍾 +# Introduction: + +Good evening everyone. This post will be an in-depth look at IBM, and is likely going to end up being a bit lengthy. The stock is in a bit of a weird position, there is no doubt there will be people on both sides of the fence when looking at this stock. First we will take a look at the business for those unfamiliar, then the financials, and lastly their potential road ahead. + +There will be a few questions we are looking to answer: + +1. Is there revenue growth? +2. Is there earnings growth? +3. Is the company really leveraged? (Low/High debt) +4. Is there strong cash flow? + +# IBM - International Business Machines: + +International Business Machines' mdel is to be a part of everything IT's enterprise needs. The company primarily sells: + +* Infrastructure services (37% of revenue), +* Software (29% of revenue), +* IT services (23% of revenue), +* Hardware (8% of revenues). + +IBM operates in 175 countries and has over 80,000 business partners to service 5,200 clients – which includes 95% of all Fortune 500. IBM’s outward impact is substantial. For example, IBM manages 90% of all credit card transactions globally and is responsible for 50% of all wireless connections in the world. + +**Strengths:** + +>\- The company has been able to use its large free cash flow to invest heavily in the future (R&D and acquisitions) as well as buy back significant amounts of its own stock. Additionally the cash flow is allow the company to transition its larger customer base from old lower margin businesses to new higher margin, higher growth products and services. +> +>\- The company consistently tops the annual list of U.S. patent beneficiaries. +> +>\- The acquisition of Red Hat is transforming the company toward new Cloud technology. + +**Risks:** + +>\- IBM’s old mainframe business is in a long term decline. As we will see in the next section, over the last 10 years the company’s Revenue growth is negative, Cash Flow from Operations (CFO) is barely positive. +> +>\- While the stock share buybacks were listed as a positive, they are also a negative. IBM's Earnings Per Share (EPS) is only positive because they bought back so many shares. +> +>\- And most importantly, data and analytics businesses face fierce competition from corporations such as Amazon, Microsoft, and others. + +# Financial History: + +There is going to be a lot to unpack here, let's look at the general trend here. + +|Year|Revenue|EBITDA|Debt|Debt / Earning| +|:-|:-|:-|:-|:-| +|2011|106,916|26,361|27,163|1.0| +|2013|98,368|27,478|29,680|1.4| +|2015|81,741|20,372|38,702|1.9| +|2016|79,919|18,551|40,902|2.2| +|2017|79,139|16,223|45,086|2.8| +|2018|79,591|16,711|42,656|2.6| +|2019|77,147|16,844|66,883|4.0| + +The revenue has decreased approx 4% each year over the last decade, earnings has also decreased down to $16 Billion while their debt has ballooned to over $66.8 Billion setting the current debt/earnings ratio to 4x...big ouch. + +Looking back at the first chart there are two things that need to be pointed out. Firstly, the decline in revenue and EBITDA has been leveling out, from 2017-2019 we can see there hasn't been as much of a decline. Secondly, the ballooning in debt in 2019 is attributed to IMB acquiring Red Hat. + +So let's answer some of the questions. + +1. Is there revenue growth? - No +2. Is there earnings growth? - No +3. Is the company really leveraged? (Low/High debt) - Lots of Debt +4. Is there strong cash flow? Hmmm. + +This is where things are going to get interesting. and less gloomy. (But it is still gloomy) + +&#x200B; + +|Year|Cash Flow from Operations|Capital Expenditures|FCF/E Ratio| +|:-|:-|:-|:-| +|2011|19,846|4,108|16,787| +|2015|17,225|3,579|13,594| +|2019|14,770|2,286|31,365| + +What is really interesting, and a little weird here is they are generating \~$15 Billion in cash flow, and only putting \~$2.3 Billion back into the company, leaving around $12 Billion of free cash flow. When we look at their Free Cash to Equity we can see this has sharply rose, despite declining revenue and earnings. + +At the current stock levels the free cash flow yield over the last decade has been \~11%. So if they can continue to stop their decline, or even turn around at this point there could be strong profit potential. + +Let's quickly look into where the money is coming from. + +**Revenue:** + +|Revenue Sector|2018|2019|Year-Year Change| +|:-|:-|:-|:-| +|Cloud & Cognitive Software|22,209|23,200|\+6%| +|Global Business Services|16,595|16,634|\+2.4%| +|Global Tech Services|29,146|27,361|\-3.7%| + +Looking at only the top 3 of their revenue sectors, we can see their Cloud & Business services growing at a \~2.65% weighted, and their Tech dropping by 3.7% from 2018 to 2019. This is potentially promising and their new CFO and CEO are investing heavily into this Cloud services. From their prospectus they are projecting potential 60% growth revenue models. + +This also does not take into account the potential from their Red Hat acquisition. + +# So what's the big if? + +The big "IF" is whether or not they can turn the business around from where it is currently at or if it will just continue to decline. The earnings/revenue/debt numbers look terrifying right now, but strong cash flow is what allows companies to survive into the future. If IBM can increase their revenue and earnings, pay down debt, and maintain or increase their current cash flow there is a potential for a strong return. + +# Some other numbers: + +NOTE: Current for November 2020 and very likely to change. + +|Current Annual Payout / Share|$6.52| +|:-|:-| +|Yield|5.84%| +|10 Yr Div Growth Rate|11.6| +|3 Yr Div Growth Rate|5.3| +|1 Yr Div Growth Rate|3.5| +|Current EPS Payout Ratio|72.77%| +|Years on Consecutive Div Increase|25 Years| + +As it stands right now, the company is remaining committed to the dividend payouts. They currently have the cash flow to support it, however the payout ratio is already 72%. To maintain this their revenue will need to increase in the coming years. + +# Final Thoughts: + +IBM has been beaten down and currently sits in an interesting position. It is a global behemoth of a company with a wide moat, it is very intertwined in many different services, yet, over the last decade, it has languished financially under their previously poor leadership. + +Picking this up, maintaining your current position, or staying far away depends on your personal risk tolerance. They have been declining, but the decline has slowed. Their growth in the Cloud sector is becoming more profitable, but it has many competitors there. There was a change in upper leadership. They have high levels or debt, but high levels of cash flow. So much is going on. (They are also involved in crypto - Stellar Lumens for those interested in that, won't be talking about it in detail here) + +Ultimately, you need to ask yourself, do you believe in this company? + +I hope everyone found this post interesting, please supplement this with your own research. What is everyone's opinion about the company? + +As always, thanks for reading, and have a good day/night! + +EDIT: Fixed some math errors. Thanks everyone for the comments, remember this post wasn't an endorsement or recommendation to buy or sell, just something to get brain juices going. +So here I am, awake at 2am looking at different brokerages and insider trading when I came across this nugget. I couldn't believe it because this is just straight up scary. Why would the Chairman be dumping tens of millions of dollars in stock in his own name? Are they shorting GME? Any apes with insight on this? Do we have a recent Bloomberg terminal? I would love to look into this some more. + +The Charles Schwab (NYSE:SCHW) Insider Buying and Selling Activity + +Insider Ownership Percentage: 10.80% +Insider Buying (Last 12 Months): $296,268.02 +Insider Selling (Last 12 Months): $202,010,989.03 + +Either someone is getting ready for the biggest transfer of wealth or someone is getting ready for the biggest transfer of wealth. + +Not financial advice but holy smokes. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Grab a seat, grab a beer and strap in. It's going to be a crazy ride. + +Buy, hodl, vote. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +https://preview.redd.it/l0yhf5uo39w61.png?width=1351&format=png&auto=webp&s=f357dd42b4ff7be7cfed67977945b4388550fec1 +I’ve noticed a trend. As soon as I start having some successful days, I start to imagine what my life would be life if I became a full time trader and started making good money. I start to fantasize taking my wife to a nice restaurant after a good day of trading. + +And it seems like as soon as I start having those mindsets, it’s the start of a losing streak. + The 10% correction, that has taken place in October 2018, is the forth largest stock market monthly drop since the year 2000. Here are the other monthly drops since 2000 that were over 10%: + +September 2002-- 10.10% loss (During a dot com recession of the early 2000s) + +October 2008- 17.48% loss (The month the investment banks went broke in the GREAT RECESSION) + +February 2009- 10.53% loss (During the GREAT RECESSION) + +This huge drop this month is not a simple stock market correction because it happened in such a short period of time and in a good economy. It is also very rare that the bond market drops too during a stock market correction like this month. +I wanted to throw this out there as a quick example mostly for our younger investors who may not appreciate in relation to time how money compounds in real life (hint doesn't feel like a straight line). + +Here is an example of a situation a real life investor might experience: + +If you take a 30 year old and he/ she starts to invest $1500/ month (18k/ year) for 30 years (until age 60) at a imaginary 8% return per year he/she will end up with 2+ MILLION. + +That is the type of example everyone has seen, but here is what most fail to appreciate which makes investing hard for many folks even with the best intentions... + +1/2 of that return (1 MILLION) was gained only in the last 7-8 years of that 30 year period. So even if the investor was diligent and did what he/ she was supposed to do they would have felt like they weren't making any progress, i.e. spinning the wheels for the first 22 years or so! In fact, waiting for high growth at the end is NORMAL. Folks get bummed out they aren't millionaires after about 1, 3, 5, even 10 years, but the above person ended up with 50% of all their future money to spend in the last 8 years or so (age 52-60 in this example). + +Just an observation that may help others. The point being once you have an set asset allocation your job is just to be a robot and save EACH month over and over again and don't worry about the total $$$ in your accounts. The latter you won't appreciate until the end of the journey (20+ years later from when you started). + +If anyone wants to visualize this play with the calculator on the SEC website: [https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator](https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +We are looking in to Thatcher School for our 2 social and independence loving children. We are moving to Ojai so Thatcher is our top choice. At MOST we would want to be a helicopter ride away but driving distance is much preferred. + +For those who have gone or sent their kids to boarding school: + +what did a typical year look like? + +Do you feel you got enough interaction with your children/parents despite living away during the semester? + +How often did they/you visit home on the weekends? + +Were there ever times your child/you chose to stay at school on weekends/breaks? + +Did you/your child feel like they were well taken care of and comfortable during their time there? + +What boarding schools would you recommend and which would you avoid? + +Any other things we should know or questions we should be asking? +Is it financially advantageous to just stay in the first house we ever bought? + +There are opportunities to buy way further away from work for less and possibly cash in on a hot market, but I’m not sure if I would even like the area anyways. + +Am I somehow missing out on the property game if I just stay in one place forever? +Wife and I are going back and forth with having an accountant do our taxes this year. We bought our second property in 2020. My hope is that if we got an accountant he can help us get set up for 2021 to run more like a business and less “mom and pop”. At what point did/will you get one? +Some people’s inability to understand the financial impact of even buying *one* share at $40-$200+ is embarrassing. We are in one of the worst economic times in history and most people are living paycheck-to-paycheck (assuming they even get one). Now they have to come to this sub only to be vilified and accused of being a shill. It’s like the Red Scare 2.0 now. + +Oh you have a triple-digit amount of shares and can still pay your bills? Awesome. You should serve on the frontline of the MOASS while being less reliant on the anticipated profit as “smaller” apes collect what is rightfully theirs after the peak. + +All apes want the tendies. They are not selling. They are looking for support. (Interestingly, the “anti-tired” memes are the ones that imply selling the most.) + +Now please stop mocking people in this sub and in turn, doing the enemy’s job for them. Call me a shill. Downvote me. Report me. I dont fucking care because this sub is showing its true colors and I dont need anymore validation that the MOASS is imminent. + +Buy and HODL. The floor is now $30MM. + +(Edit: I’ve held GME since last September after reading DFVs DDs. I distinctly remember him being mocked on the “other sub” for dropping $50K on GME and was inspired. I never realized what it would become and Im grateful to be here w/ you all. My only regret is not going all-in back then.) +I read through Ashok Leyland’s financials this week and they seem to have everything in order. It seems like a valuable BUY at this price. What do you guys think? +I think it's fair to assume (and we've probably all factored in) that there will (more likely than not) be more rate hikes this year. + +However, after three consecutive rate hikes, do you think there will be some "respite" (in inverted commas cause I don't know what your personal situation is) or a 4th consecutive rate hike? +This correction HAS been needed and it just happens that the South Korea FUD was the catalyst. + +Having a correction is also a psychological "fix". After a long bull run, if there isn't a correction, we start to become sceptical which in turn creates weak hands on the first sign of "FUD". + +After a correction, a new "bottom" price is created and in our heads we think "Ok... now that's correction is out of the way, we can increase again... so let's buy up". + +EDIT: Seems everyone has a different opinion on what a "correction" actually is. How long is a piece of string eh? +What could be a good way to learn python and algo trading for a high school only educated person. +I ahve 3-4 hours a day beside my work that I can go on to learn something, have started learning python 20 days back, bought a book called automate the boring stuff using python. How do I go ahead with this algo trading stuff? +Excluding costs from broker & execution (slippages, spreads, carry, transaction fees, Custody, etc.); approximately, how much do you pay per annum? + +Costs can include: + +* VPS or any Cloud host +* Data Subscription +* Trading Platform (some are free, some require subscription) +* Research platforms (maybe you are using some proprietary software to do machine learning work) +* Business Intelligence Platform for Internal Reports and Monitoring +* Electricity +* Tax +* Accounting/Auditing +* Legal +* Other + +What are the other costs you think that I have not listed? + +Do you think your annual returns can cover these costs? + +I dont want to discourage beggining traders or algo traders, but you have to think of trading as a serious business. Otherwise costs could eat up your returns. If you cant manage these, then youre better off with Smart Beta Portfolio than a Portfolio of Algo Systems. +I just made an offer for a 1 bedroom condo in Vancouver and there was 20+ offers along with mine. It does not seem to be a cooled off market at all from my own experience. +Here are the 10-year rates of the G7: + +|USA|1.75|| +|:-|:-|:-| +|UK|1.15|| +|JAPAN|0.15|| +|GERMANY|\-0.056|| +|CANADA|1.72|| +|ITALY|1.30|| +|FRANCE|0.27|| + +It makes no sense to me that the US is paying such a high rate when compared to other countries. The dollar will strengthen against other currencies and cause imports to become more expensive, leading to inflation. I can hardly fathom that Germany has negative rates or that Japan's rate is non-existent. + +With the Fed likely to continue to increase rates the U.S. will be at 2.5% before too long. Why are other countries skating by? Isn't inflation a worldwide event? +Hi traders, + +We wanted to get your feedback on the recent influx of users posting screenshots of their wins without context. + +We have Rule 2 (Don't glorify losses) where we require you to instead create a post detailing what you did and ask for advice on how to improve your trading. + +We're thinking of requiring something similar for wins - create a post detailing how you did it and give advice to help others. Because posting a picture of your account showing that you made x amount of money, without any context, is somewhat useless to the community. + +We get that users want to celebrate their wins and users also find the posts motivational, but we think with this change they can also benefit the community. + +Feel free to leave your thoughts and feedback! +Stop brigading the DTCC on Twitter with copy-pasted grammatically half-assed wannabe comments. You wanna look like a Russian botfarm? Well, you're on the right track then. + +&#x200B; + +Stop the low-effort trolling of DTCC, FED, Citadel etc Twitter accounts. We're here to ask questions and hold people accountable for fuckery, not to look like a bunch of pissed teenagers with social media accounts. + +&#x200B; + +IN PARTICULAR, stop harassing individual employees of any of these firms (as has been suggested in some posts here). Very few people deserve to be in the eye of a shit storm for their company's policies. + +&#x200B; + +This is how you loose the goodwill of bystanders. This is how you provide a negative narrative for media outlets. This is potentially even how you open yourself to legal measures and the sub as a whole to being shut down by Reddit. + +&#x200B; + +I am all for asking questions and publicly shaming institutions like the DTCC or Citadel. But this is not the way. Let's be smarter than the average Nigerian prince, please. + +&#x200B; + +I really think this is the latest pathetic forum sliding attempt by the shill army. Don't fall for it, don't jump on the bandwagon. We're above that. + +&#x200B; + +Edit: added "copy-paste" on top to make clear that I'm in particular referring to those low-effort spam comments, *not* polite and legitimate questions and holding the DTCC etc accountable on social media in general. +Hello all! I have written many DD’s about Direct Registering Shares including: + +* [Dispelling the FUD surrounding ComputerShare / Direct Registration System (DRS)](https://old.reddit.com/r/Superstonk/comments/p3owe8/dispelling_the_fud_surrounding_computershare/) (August 2021) +* [Why I’m moving my shares to Computershare](https://www.reddit.com/r/Superstonk/comments/ob0m9w/why_im_moving_my_shares_to_computershare/) (Opinion / June 2021) +* [Gamestop Shareholder List - The Final Catalyst](https://www.reddit.com/r/Superstonk/comments/nptiio/gamestop_shareholder_list_the_final_catalyst/) (June 2021) +* [ComputerShare’s Positive Price Impact and Tracking Batch Orders](https://www.reddit.com/r/Superstonk/comments/ptu49w/computershares_positive_price_impact_and_tracking/) (Sept 2021) + +I believe I have a good understanding about the Direct Registration System (DRS) and want to expand on the DD I had written previously. I believe despite DRS being widely discussed and popular there are still a few unanswered or unexplained questions that get brought up regularly due to confusion about DRS. + +**Lets talk about it.** + +I am aiming to answer the following commonly asked questions: + +* If DRS works, why is the price going down? +* How does locking the float do anything? +* How do you **know** it will do *anything*? + +## Compartmentalized Information + +I think we need a little bit of background information on how everything is laid out and how information is known by various parties in this whole market system. For this purpose I have prepared this graphic: + +[Compartmentalized information graphic](https://preview.redd.it/mtuezvbx1zp81.png?width=1000&format=png&auto=webp&s=8bcf498828bae8e46249da587b40213505cf1ecc) + +**DTCC** \- The DTCC knows almost everything about what is going on. They are the *only* organization that has any awareness of how much shorting is going on, what is naked short, where the shorts are, who is failing to deliver… etc. This whole fraudulent system is completely facilitated by the DTCC. They have all the data, information and they let no one know anything. + +**Brokers** \- They only know about their own client’s holdings and what is available in public filings. They do not know what other brokers hold nor the whole extent of everything. All brokers combined may have more shares than outstanding, but as long as they are not aware of the other broker’s holdings, they have no reason to believe anything is wrong. + +**Shorting Hedge Funds** \- Likewise they do not have all the information about what is going on in the system. However they have developed ways to get information from Brokers and Companies to form a more complete picture. Using things like Payment for Order Flow they spend money intercepting data from Brokers. This gives them huge power to understand and know where things stand, where market sentiment is and how things are moving. They use planted consultants, hire former employees and other tactics to get a complete picture. + +**Shitty Consulting Groups** \- They get hired by bad actors to get insider information, sway company decisions and then consultants ultimately get paid by Shorting Hedge Funds by hiring the consultants that have acted in the shorting hedge fund’s best interests. Consultants are hired to consult on their consulting (provide insider information). + +**SEC** \- They are supposed to be an oversight body, but they are purposefully kept in the dark about everything. They have limited power and due to revolving door policies their employees are not incentivized to do any work. They rely upon the required filings and whistleblowers to provide information, but their information and investigations are usually very delayed. If they find something it takes years to unwind it and ultimately leads to small insignificant fines. + +**Transfer Agent / Computershare** \- They hold **the** book. The transfer agent holds the legal book outlining where the shares are and who they belong to. This book of ownership is the strongest legal form of ownership. If you have shares held on their book you are an owner of the company, full stop. They have extremely limited knowledge though of what is going on outside of their own book. + +They know: + +* How many shares were issued. +* Who owns them (direct registered, insiders, institutions) or are they beneficially owned by Cede & Co / DTCC. + +That’s about it. They have very very limited knowledge about who owns shares in the brokers. They do get some of this data once per year when they request *non-objecting beneficial owner* lists from the DTCC during annual shareholder meetings. This information is however, highly manipulated to prevent overvoting of shares. + +The transfer agent knows how many shares are direct registered and the DTCC is also aware of this number. Brokers and Shorting Hedge Funds **do not** know how many shares are directly registered (more on this later, obviously). + +**The Company / GameStop** \- They know what their transfer agent knows. Ultimately very little. Lots of people were asking why the company doesn’t just come out and say their shares are being manipulated through naked shorting. They cannot make that claim, they do not have the evidence. The only people that know that for sure are the DTCC and the shorting hedge funds that engage in it. + +Hopefully this paints a picture. Information is compartmentalized from everyone. It is a system purposefully built to keep information separated and non-public. That is why data providers make a lot of money to provide real time data. That is why a shorting hedge fund is willing to pay hundreds of millions of dollars for payment for order flow. It gives them the data they need to make money. If everyone had the data, no one would be able to manipulate the system. + +## Direct Share Registration happens in a vacuum. + +It doesn’t matter how many shares are direct registered. Only the DTCC, Transfer Agent and Company know how many shares are registered. The Brokers are in the dark. The Shorting Hedge Funds have limited knowledge. Even the SEC has virtually no idea. + +It doesn’t matter if the float is 1% locked or if it is 99% locked. The effect of direct registering is exactly the same, negligible. (Please keep reading). + +That is why Direct Registration was not doing anything. That’s why despite the best of efforts and intentions direct share registration was doing nothing. The price was sinking with even more aggressive shorting to try and play the narrative that direct registration does nothing. This was the FUD that has been pushed for the last 4-6 months: + +>If DRS works, why is the price going down? + +**ENTER GAMESTOP** + +That was. Until GameStop filed form 10-Q on December 8, 2021 and included the following line: + +>As of October 30, 2021, 5.2 million shares of our Class A common stock were directly registered with our transfer agent, ComputerShare. + +Suddenly, everyone was aware of how many shares were direct registered. Filing the 10Q with the SEC created a factual known and public data point for the number of shares direct registered. There was suddenly no denying that shares were being direct registered. + +The stock was however, still going down. + +This is where we were met with the FUD: + +* If Direct Registering works, why is the price *still* going down? +* It’s only 5.2 million shares, it will never be enough. +* You’ll never hit 10 million shares, it will take years! + +Then GameStop filed form 10-K on March 17, 2022 with the following line: + +>As of January 29, 2022, 8.9 million shares of our Class A common stock were directly registered with our transfer agent, ComputerShare. + +**Boom.** + +Suddenly there were two very public and factual data points. This was enough for everyone in the dark to see how many direct registered shares there are and the trend and forecast for where these numbers are headed. + +* It allowed Short Hedge Funds to calculate how fucked they are. +* It allowed the Brokers to calculate how many shares may exist outside of their own brokerage based on their own customer accounts and other trends. +* It allowed the SEC to get an idea of who holds what shares based on the information in the public filings. + +Direct Registered Shares *would* not have done anything prior to being 100% registered, UNTIL GameStop released the numbers in their SEC filings. Now that everyone knows these numbers we suddenly see borrow rates going up, Brokers are suddenly more aware of how many shares are actually available. The claim that there was a good faith belief they could locate shares to short was suddenly growing narrower and narrower. + +**GAME ON** + +Thanks to the efforts of /u/Roid_Rage_Smurf (DRSBOT), /u/jonpro03 ([Computershared.net](http://computershared.net/)) and /u/StopFuckingWithMe (CS Account High Scores) we now can calculate the number of direct registered shares to a high degree of accuracy. The current number is without a doubt, above 10M. + +# How do you know its going to do anything? + +## The Volkswagen Squeeze + +I absolutely hate that I am about to mention the Volkswagen squeeze. It is the *‘ole reliable’* trope, *‘we’re here’*… but history does repeat. Let’s take a quick cursory overview of what happened with Volkswagen. + +* Porsche purchased a 42.6% stake in Volkswagen. +* They also purchased 31.5% in **ITM** call options totaling a combined ownership of 74.1%. (Yes, that 741). + +This mere act of purchasing these shares and call options did not cause Volkswagen to squeeze, in fact it looks like the price dropped during the purchasing period. This purchase effectively happened in a vacuum, just like direct share registration. It was not until Porsche **announced publically** that they had acquired the high percentage of ownership that the shit hit the fan. + +With public filings, it was known that Porsche effectively owned 74.1% and another institution owned 20%. At that exact moment everyone was publicly aware that the float was only \~6%. Through other public filings, it was reported that the stock was 12.8% short. Since 12.8% is greater than 6% suddenly there was a rush on the stock. Short sellers calculated that they were fuk. This would not have happened had the data not been made public. + +## Side quest: Ryan Cohen and BBBY + +Similarly Ryan Cohen buying 10% of BBBY did not cause the price to increase. The price actually was somewhat flat and even dropped around the times he purchased. It was not until he filed and announced publicly he had purchased that the price spiked. + +## Applying the same idea to GameStop. + +Through filings and other data we know approximately how this may apply to GameStop. (I am using numbers from [Computershared.net](http://computershared.net/)) + +&#x200B; + +|Category|Shares| +|:-|:-| +|Issued Shares|76.3M| +|Institutional|\-13.7M| +|Mutual Funds|\-7.9M| +|ETFs|\-6.6M| +|Insiders|\-12.7M| +|Direct Registered|\-10.5M| +|ITM Call Options|???| + +Remaining shares: \~24.9M +“Reported” Short shares: \~15M (according to Ortex) + +Right now 15M < 24.9M shares so an immediate short squeeze isn’t guaranteed. The odds of a squeeze however will increase more and more with one of the following things happening. + +* Direct register another \~10M shares & report those direct registered shares in a public form with the SEC. +* A large investor or institution buys \~100K ITM call options and files their purchase publicly. +* Institutions / insiders increase their positions by \~10M shares and report their purchase publicly. +* Short sellers increase their short position by 10M more shares OR the actual short numbers are revealed to be much higher to the public. + +**Again. The key to all of this is the information being made available publicly. Back room deals made in dark pools or even buying on lit markets will not do anything unless you can file and report that you are an owner of the stock. This is why institutions, holders of over 5% stock and GameStop reporting their direct registered numbers is so important and powerful.** + +If there is a factual and known public data point showing that shorts exceed the remaining shares then everyone will be aware. All parties will know that the shorting hedgies r fuk and they will be exposed. There will be FOMO buying, there will be panic and the price will start to squeeze. Demand will exceed the supply. + +This is a mathematical certainty. + +## Where does direct registering go from here? + +**Up. We go up.** + +In the past \~10 days or so we have seen a third wave in direct registration. We have also seen large positive sentiment on UUSB and an increase in YOLO options. Information on how to Direct Register has been spreading to more and more investors. Shout out to [https://www.drsgme.org/](https://www.drsgme.org/) and /u/millertime1216. + +I believe it is possible we could see a huge spike in direct registered shares and we could definitely add another 10M shares to the DRS count in the next 4-6 months. + +Wave #1: DRS Finally Gains TractionWave #2: Fidelity accidentally says they have 10M shares to lend.Wave #3: Increased price action, new interest in stock (FOMO). + +Here is a graph thanks to [Computershared.net](http://computershared.net/): + +[DRS Graph from Computershare.net](https://preview.redd.it/5iu4w1ou1zp81.png?width=1000&format=png&auto=webp&s=2d8460e6a5dfd5069c81ffee9a53917d91191af5) + +This is a waiting game, MOASS is a certainty. DRS your shares. 🚀🌙 + +**TL;DR:** Direct registering locks up shares so that the DTCC cannot touch them, but direct registration happens in a vacuum. All of the various parties are in the dark about the actual number of shares direct registered. That was until GameStop announced the direct registered numbers in their public filings. By doing this, it allowed every party to calculate the situation more accurately. We saw the borrow fee increase as a result. It can be shown that with public filings, stock movements can occur with the new information, such as what happened in the 2008 Volkswagen squeeze (old reliable). Direct registering shares is finally having a direct impact due to the publicly available information. Price increases, insider buy ins, FOMO, options and UUSB are all having an increase on direct share registration. MOASS is a mathematical certainty. + +&#x200B; + +OBLIGATORY. This is not financial advice. I may be wrong, please let me know if I have anything wrong in the comments below. + +&#x200B; + +EDIT #1: I want to elaborate on something regarding the additional 10M shares DRS'ed to enter short squeeze territory. This assumes that no one, including institutions, insiders and mutual funds intend to sell. That's just my baseline where you start to threaten to squeeze through certainty. For even greater certainty, you would need to register the whole subsection of float, which is another 25M shares. This would lock all the floating shares, but would still leave the ability for insiders, institutions or mutual funds to sell which would hinder a squeeze. You would then need to DRS an additional 15M shares (the number of shares sold short) to effectively lock in a squeeze and prevent it from being overly impacted by institutions, insiders and mutual funds. + +My squeeze table would look something like this: + +&#x200B; + +|\# of DRS Shares|Impact| +|:-|:-| +|10M|Increasing borrow rates. (We are here)| +|20M|Float = Short shares (Squeeze territory)| +|35M|Float = 0 (Zero liquidity)| +|50M|Float = -15M (equal to 2x shares short)| + +Once you start to hit that 35M level of shares DRS, you are eating into mutual funds and institution's shares. They will not allow that to continue and would hopefully have recalled any lent out shares well before that point. +I have been working to parse company filings so I can build my own database of company fundamentals. That being said, it has been a royal pain. + +I have been primarily working in Python, and have tried various different methods to extract this data. The biggest issue is naming conventions because it changes company to company, year after year. Past 2010-2011 is a lot easier because they utilize XBRL and have formatted tables available, but beyond that I have been stumped. + +The most recent method that has worked the best is converting the filing to a PDF and extracting table data that way, but still the table data is not formatted properly sometimes, there is missing data sometimes, and again with the naming conventions. The naming conventions isn’t a huge issue with this method, it’s more the formatting and missing some of the data. + +I have been doing research on this sub, and all of Reddit to be honest, and there have been some various different methods posted. One being using the Quantmod R package, but I tested this last night and got an error because google stopped supplying the data for balance sheets, income statements, etc. Another method talked about parsing XMLs in parallel and dumping extracted fields into an SQL database, but I have not tested this yet and don’t want to waste more time if it’s not going to be successful. + +I am going to re-assess my process today and I wanted to reach out you all to see if you have been successful in parsing these filings, beyond the XBRL formatting. I am not looking for a how-to or to copy anyones work, but I would love some tips, ideas, guidance, etc. Anything helps! +My son's mother and I have split custody of our son. In the past we have alternated on claiming him on our taxes. I was supposed to claim him this year. She just told me she claimed him and would continue to do so instead of filing for child support. Is there anything I can do if she has already filed and claimed him? +Thanks for all the replies and advice! To clarify we were never married and have nothing in writing or have been to court regarding custody or child support. +***UPDATE IS POSTED ON r/KindVoice + +I originally posted this on r/kindvoice and was recommended to post here for advice on the financial side of this situation. + +This story is long and complicated, but here's a sort of summary. + +I met my roommate on a dating site a little over a year ago. We went out once but ended up becoming friends instead of dating. In January she went through some stuff with her roommates and ended up staying with me at my sister's house where I was renting a room. I purchased a condo at that time, got the keys on February 1st. I let my friend move in rent free because she was still paying rent at the other apartment until May. Since January she's taken advantage of me in many ways - financially and emotionally. I basically supported her for a bit because she lost her job. I have about $14,000 in credit card debt, much of which has racked up because of her. In May, she scraped the side of my car along my garage, didn't offer an apology, and expected me to use my insurance to pay for the damages. She borrowed money from me countless times, asking me for gas money, expecting me to buy groceries, and always saying "thank you" profusely. + + +I don't know when I realized that she didn't intend to pay me back, but today I went to the bank to see about debt consolidation. I was denied a loan from my longtime bank because of the sudden increase in my balances. I walked out of the bank, sat in my car and cried. I know I still have options, but it was overwhelming. Not only are there financial difficulties - she's difficult to live with. She doesn't flush the toilet, she calls my dog "our dog" but never takes her out or plays with her (unless it's for her Snapchat story), she uses my makeup and brushes, and has been making some mean comments lately. I don't understand why she is treating me this way - there was no foreshadowing before she moved in. I know I gave too much, I enabled her. But she's 26, she should never have taken advantage of me this way and I don't think I can respect her anymore. I have a hard time trusting people and she's broken my trust so many times now. + + +I need to tell her to move out. Or maybe I can stick this out, but a talk needs to happen. I'm not good with confrontation and I don't know what to say. I feel like the bad guy. She has nowhere to go and I have no one else to move in. + +If you have read this far, thank you. I don't really have anyone to talk to about this. Everyone else has stuff of their own and I hate bothering people. Thank you. + +Edit: many people are assuming I'm a male. I am a 22 yo female. +Hello you weird big family, it's me, an individual retail investor. + +You probably know me from my ability to make informed decisions based on cleverly constructed due diligence. + +You're also like me, but different because we don't share the same brain. And as a consequence, we don't share the same reasoning behind our decisions. + +And that's OK. + +We don't need to all agree about something to be a part of this sub. In fact, the only reason we are in this sub in the first place is to gather information based on hard evidence, to the best of each one's ability, so that we can make our own decisions. + +There is no we. + +I am an individual and so are you. + +And so is Gherkinit. + +I do not agree with his reasoning about DRS and that's OK. + +We have enough material out there to allow people to search for and read about DRS without needing constant reassurance from single individuals. + + +Let's all be excellent to each other in these times of massive FUD. + +Let's all live and let live, with constructive discussions instead of accusations. + +Love you all, ya weirdos. +There is a ton of great information coming out right now but I am realizing more and more that GME apes don't have a lot of knowledge about cryptocurrencies and the connection between GME and Loopring is a bit confusing. I am still learning myself, but I have a pretty good grasp on the concepts of why the Loopring and currency (fiat) on-ramp is SO important to crypto as a whole (although I am open to corrections and I recognize this is very surface level stuff). + +**Condensing the scattered information** + +The problem is, all this great information is scattered throughout the sub and its in bits and pieces leaving our more "special-er" apes to fend for themselves, piecing it all together. I wanted to make a very short summary that should bring some of you up to speed on what is happening, why this is HUGE, and why it's BIG for GME. + +**Crypto's Problem and What Loopring Addresses** + +When Googling cryptocurrency, the first thing you'll find is **exchanges**. Exchanges like Coinbase, Gemini, Kraken, etc. all allow for a method of exchanging your regular cash money (called fiat) into cryptocurrencies. With this, they charge a fee and hold a whole mess of cryptocurrency to act as an exchange facilitating transactions. Well, if you're any ape at all, you that exchanges are icky. Some ickier than others, and some like to turn off the buy button (and in crypto's case, the sell button). An exchange that has a central controller such as a corporation is called a **CEX (Centralized Exchange)**. *Sex For Dummies*, anyone? + +The problem here is not only the ability to turn off the buy/sell button, but also the ridiculous fees charged by the exchanges as well as gas fees charged when transferring from wallet to wallet or converting to outside the exchange cryptocurrencies. I am not going to go into too much detail about gas, but basically, when you undertake a transaction, you pay gas fees that can sometimes (at this point) being in the 100's of dollars making cryptocurrency trading off exchange much less appealing unless you're a whale. This problem also impacts the possibility of realistically getting non-fungible tokens (NFT's) to go mainstream but that's for another discussion (but another huge reason you're gonna be rich). + +Enter **decentralized exchanges (DEX's)**. Dex's demonstrate why CEX's are for dummies (hint hint). Decentralized exchanges instead utilize a peer-to-peer marketplace as opposed to a centralized exchange as described above. This prevents someone from "turning off" your buy/sell button but instead relies on the coding of the currency you're utilizing as well as the DEX you are using. This provides for a fair marketplace without large entities dipping their hand in your wallet for fees. + +I don't want to complicate things too much, but remember this: **Level 1 networks** are the big players like bitcoin, ethereum, litecoin, and anything else that serves as a decentralized ecosystem (thanks Google). **Level 2 protocols** operate on top of level 1 networks. Loopring, is a level 2 protocol that operates on the ethereum blockchain. + +Loopring as a level 2 protocol solves a specific problem in crypto at this time: It creates a decentralized marketplace for cryptocurrency trading with an orderbook and transactional capability WITHOUT the need for an exchange. This is all done automagically through something called a **zkRollup**. This technology allows for transactions to take place in a different way as to exceptionally reduce gas costs (remember that issue above?), increases anonymity of the user, and also allows for it to move much quicker than on the blockchain of ethereum directly (because higher levels are always better, right?). + +**Recent News** + +The most important news I have seen recently is related to the confirmation of the fiat (money) onramp for Loopring v2. It was clear from previous tweets that Loopring had prepared the technology and were waiting on providers to prepare their end of things to allow for you to put your money where your mouth is, because it takes money to buy whiskey. Assuming the on-ramp integration is successful, this will result in the ability for you, in your owned and self-custodied wallet, to not only deposit money to your wallet to purchase cryptocurrency without a CEX (because they're dumb), but also purchase cryptocurrencies (and other spicy things like NFT's) independent from an exchange's permission. **This allows everyone to buy and trade with freedom, saves ridiculous amounts of money in gas fees and transaction fees, and opens up financial freedom for everyone.** + +**Why GME is Going to Skyrocket** + +Alright, now we are to the part that you wanted to see. Loopring is an important piece to Gamestop as a technology company. Loopring's marketplace will revolutionize crypto and make centralized exchanges like Coinbase and Robbinghood **unnecessary and outdated**. Loopring is great and all, but if only there was a company that we knew, we trusted, had sufficient infrastructure, sufficient expertise, and sufficient cash to make this into a huge product. + +The underlying technology from Loopring will power a marketplace where your financial transactions are your own and you alone are in control. You will be able to purchase crypto-related products and store them in your wallet to be retrieved whenever you decide you wish. **Your various cryptocurrencies will be all in one place, to be traded at will, while your NFT's can be kept for yourself, traded to others in the marketplace, or even minted right on the marketplace (conjecture) at minimal cost.** + +**But Wait, There's More (RIP)** + +What if this marketplace, backed by a multi-billion dollar corporation, with their fancy one-of-a-kind technology, then decided to integrate the market place into gaming and metaverse products that could also be bought/sold on the marketplace interface and sent to the wallet only you control? Yes, I do want to keep my favorite t-shirt in my Loopring wallet, bring it into all of my games for my character to wear, and then subsequently sell it at a profit when I learn it's rare. And then, I learn that the game I was playing that I am bored of is selling for good prices on the marketplace and I sell that and then find a great different t-shirt that I can wear in the games I am still into, all bought on the marketplace. + +**TL; DR:** Buckle the f\*\*\* up apes, it's not just a squeeze, it's a technological revolution. + +*Resources for the wrinkly apes:* + +Loopring and zkRollups: [https://medium.loopring.io/guide-how-to-use-loopring-l2-a267d005255b](https://medium.loopring.io/guide-how-to-use-loopring-l2-a267d005255b) + +Fiat On-ramp: [https://www.reddit.com/r/Superstonk/comments/rcpb5c/omg\_its\_happening\_on\_ramp\_for\_lrc\_directly\_on\_l2/](https://www.reddit.com/r/Superstonk/comments/rcpb5c/omg_its_happening_on_ramp_for_lrc_directly_on_l2/) + +Edit: Thanks for the kind words on this, I truly hope it helps. I will be trying to make my way through the comments to try and clarify where possible; although I’m not sure I’ll have a ton of time to do so I apologize in advance if I miss yours. 🚀 +Me (21) and my fiancee (21), want to learn about finances. I have a basic understanding about things like credit, retirement accounts, loans, and investing; but I have a tendency to overwhelm her when I try to explain things. I would love to find a great resource that can both teach her the basics, and strengthen mine as well, just wondering if anybody knows or has used any website, blog, or Youtube channel or anything else where they learn alot that they think could help us as well? Thank you! +I work in legal services (barrister chambers) and I am going on furlough from Friday as court hearings have all but dried up. Let me know which industry you’re from so we can see how the widespread issues are. +This new job were i was about to go, went down. Now i'm feeling a bit lost, and with all this bad news about COVID-19 and it's impact in the economy i feel like I'm about to have a hard time to find a new job because companies are cutting down expenses and not hiring new people (the great majority). + +# My current situation + +Now i have no income but i keep having my bills to pay. + +Luckily, i have an emergency fund. + +The only **expenses that i have now** are food and my rented room (in the city where i had my job and probably my next job - most tech companies are in this city). + +**I'm currently in parents house,** and i'm only available to **pay more 3 months of rent** without make use of the room. If i do this and still not get a job, i have money to sustain myself for 1 year, to improve skills and find another job (giving up the rented room after these 3 months). If give up the room now, i have 1 year and 6 months. + +In the worst case scenario, the best option is to give up the rented room because i can withstand the pandemic if it endures more time, and probably when things go back to "normal", i could start a new job with some money perhaps. + +**If i keep paying the rented room,** and the pandemic stays for more time, i risk spend all my emergency fund and go back to my parents house the same. + +# Pros/Cons + +(Of giving up of my rented room now) + + +| **Pros** | **Cons** | +|:---------------------------------------------------------------------------:|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------------:| +| Save more money | Risk spending more money for nothing | +| Maintain myself for 1 year (hopefully time enough till the pandemic passes) | Mantain myself for 9 months | +| More time to work on side projects that have potential | If I get another job, and the quarantine stops in the next months, I will have a hard time to find another room in the city, even harder for the same price and conditions. | +| More time to take some courses that I’ve already bought | | +| Start a new job with some money when things go back to “normal” | | + + +**What are your opinion? Should i keep the room?** + +**Note:** I'm already in parents house, so my rented room is "empty". I'm basically paying it just to assure it, but i'm not making use of it. +Asking on behalf of parents (72M & 69F), but also for personal interest after watching my aunt go through one of the worst medical outcomes possible. What are the specific FATfire means you take to optimize your longevity and quality of life? I will start it off with things that range from common sense to things that work for me. However, those are primarily budget-friendly so I want to hear your Fatfire suggestions- things like longevity clinics that focus on preventive medicine through regular screenings and advising on how to optimize health through diet, supplementation, lifestyle and risk factors. Im into things like the Huberman Podcast, + +Common-Sense Stuff: + +\-Exercise... basically as much as possible as far as I can tell cardio + strength training. If exercise is a huge chore for you do what you enjoy and what you can and don't beat yourself up about it. What is the fatfire approach to this during aging? + +\-Diet: Whole non-processed foods, fruits veggies and not industrially produced meats. lots of leafy greens, not a lot of carbs especially the processed bullshit in the states, avoid sugar, avoid processed seed oils, have a caloric restriction for yourself, and stick to it, especially at specific times. + +\-Fasting: Seems to be pretty important with the principal rule is don't always be eating + +\-Have a strong social circle. A super underrated one that probably alludes people. Seek people through common interests and shared values. Community breeds purpose. + +\-Purpose: Purpose breeds positive emotions + +\-Mental health + +\-Sleep optimization: How do fatfire folks optimize their sleep? I have terrible insomnia but understand the importance of sleep. Some common sense sleep approaches: avoid blue light at night, exercise, cool bedroom, breathe through your nose during rest and at all times, have a very dark sleeping area that is cool, Huberman's light exposure circadian stuff- aka get outside in the AM upon waking, as much as possible during the day, and at sunset. So basically go outside. + +\-Outdoor Exposure: Is proven to improve health outcomes and gratitude. + +\-Gratitude: Apparantly literally changes your brain like meditation. + +\-Meditation: Expands your mind like breathing exercises + +\-Breathing exercises: These have really worked for me and seem to be increasing in popularity. There seem to be two kinds IMHO uppers and downers. Exercises to upregulate your nervouse system and exercise to downregulate- use them respectively to get more awake and in your body and alert or to calm and relax and less alert. + +\-Cold & Heat Exposure: I love both cold exposure and sauna and firmly believe in the associated health and wellness benefits. I consider them positive stressors- health optimization isn't about minimizing stressors. In fact, humans are considered anti-fragile whereby the system becomes more resilient in response to stress. However, chronic stress of a negative and environmental kind must be avoided at all costs- they will ruin you and destroy your health and well-being. Interestingly, an apparent key factor in how to determine if a stressor is positive or negative is your mindset. When I get into cold water I tell myself that it's for my own well-being and therefore it is, and even the though first part always sucks I wouldn't trade it for anything, and the endorphin rush after and during is amazing. + +\-Positive Stressor Maximaztion & Negative/ Chronic Stress Minimization: Find some positive stressors that you can leverage + +&#x200B; + +&#x200B; + +Some Random Things Not To Do Before We Get Into FatFire Ideas: + +\-Smoke tobacco + +\-Drink in Excess + +\-Be Overweight + +\-Use motor vehicles with extreme caution and never drive drunk + +\-Use hard drugs + +&#x200B; + +Fatfire? + +\-Executive physicals (?) + +\-Screenings for common diseases (could people specify exactly what these would be?) + +\-Genetic Testing (what specifically should one be aware of in this space? Are services like 23andme etc good enough or no? If not, what would you recommend) + +\-Dentist, dermatologist, regular physicals + +\-Wearables (do these things actually help at this point are apple watch, oura ring, ect there yet?) + +\-Regular blood testing(does anyone have experience with services like insidetrtacker or a suggestion in this area?) + +\-Supplementation: I don't really even know where to start with this one, especially for people who are aging... I take an occasional multi-vitamin and but never know if it's + +\-Healthy Hobbies & Passions: Things that you enjoy doing and optimize health and ideally are outdoors are just a win win win- share you fatfire hobbies that keep you fit, healthy, and excited to go outside. +Most of you here like me are ETH maximalists over BTC. It has better devs, better features and a better future. But, everytime BTC goes up, ETH seems to lag behind, and everytime BTC goes down, ETH goes down harder. That wasn't the case during parts of last year and very early this year. So what's changed and what needs to happen for ETH to outgrow BTC? +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! + +Some colleges and universities in the USA will pay for 100% or a very large portion of your tuition if you are a full time employee. A lot of people dont consider working at a University if they dont want to be a professor or in academia but they forget about all the other job opportunities! Every school has a finance department, HR, an IT department, a communications and marketing team, and other departments that could fit your career goals and don't have much to do with academia at all. My roommate wanted to work in government affairs, got a job at a university doing that, and is now getting her masters in public policy 100% paid by them. I also work at a University and am getting 100% of my masters degree paid for. Its a smart way to further your education without the worry of more student loans and its doesnt have to be a forever job. + +Edit: I understand that this isn’t every college! I was simply suggesting something people could look further into as an option that they may not have considered, that’s all! +I'm 40. Landed a role that's 95k plus super. + +I have no assets and very little super because I used to be an addict. (Sober 8 years. Took a while to get where I am now). + +What do I do? I've never had this kind of money before and I have no real experience with managing funds. + +There's lots of choices and I don't really have anyone to reach out to for guidance. + +Any help is really appreciated. +I fucked up. + +I see a lot of posts about medical costs on here and I just want this story to serve as a reminder to all medical related issues: if you ignore it now, it will cost you later. This happened to my teeth, aka my 'optional bones' according my insurer. I had to get a root canal done because it got infected. I had a very slight lingering pain but 4 days later it hadn't gone away. I was concerned enough to see a dentist asap, and they confirmed a hole in my tooth was heavily infected and a root canal was needed asap. I asked for a quote first. The dentist happily ran the numbers: $250 plus $25 copay. I would also need antibiotics. I decided to put it on my credit card and pay it off with the next paycheck because I didn't want to delay it; infections are serious. Don't fuck with them. I once ignored a fever for a few hours and wound up in the ICU for 6 days. + +So I got the root canal done and quite a significant amount of tooth had to be sheered off. It wasn't a fun recovery, but the antibiotics cleared it up and after the swelling went down, I now had a functional - though slightly stubby and short - tooth left over. + +I was told I would need a crown too, to make up for the missing tooth mass, and because they had really drilled deep in there: teeth aren't so strong when they're hollowed out. I asked her to run the numbers again. This time, my insurer denied it. I would be paying 100% out of pocket because I had hit my cap for THE WHOLE YEAR. It would cost $2000. I said no. The tooth had recovered well and I would be losing about 5 months worth of savings for something my insurer declared was purely cosmetic. The dentist warned me against opting out, but I said I'd have to come back later when I can afford it. Honestly, I was willing to wait until January 1st for my insurance to roll over, since it would cut the cost of any work down by half. + +Today, two months after my root canal, I was enjoying some slightly refrigerated chocolate and heard a "crunch". I spat out what I was chewing on and searched the mess for what I initially thought was a giant grain of salt. Nope, it was a full one-quarter of my damaged tooth. I washed my mouth out and see the gap that's now glaring at me in the mirror. + +The cost of restoration + sealant + moulding + crown + x-rays + whatever, it's going to be far more than if I had just sucked it up in the beginning. Emergency savings are meant for emergencies, but I was convinced by my lack of insurance coverage that a crown was purely optional, just restoring the cosmetic shape of my original tooth. I also assumed the dentist was just trying to con more money out of me with unnecessary add-ons. Welp, I was wrong. And now I feel bad too because my dentist is absolutely lovely and I've just been mentally tainted by the whole US health system (as an Aussie). + +It would honestly be cheaper to fly home and get dental work done, and I am returning to Aus in August, but I am not fucking with this again. I found a teaching dental school in my city that quoted me about 800-1200 for a single tooth of work. It's still such an enormous chunk of my savings but I told them fuck yeah get me in asap. I'm not making this dumb mistake again. + +Don't ignore small medical issues, they snowball into big medical problems very quickly. +**What happened to PCS?!?** + +If you tried to login to the V1 PCS today, you would have seen an error message informing you that PCS will no longer support V1 liquidity. + +All projects launched before the botched pcsV2 migration are using V1 liquidity contracts, and this means that all contracts with permanently locked initial liquidity will never be able to migrate. With PCS pretending like they're abandoning these contracts (they're not), we must ask ourselves, is there an alternative to their absolute lack of communication and continued shenanigans that cause inconvenient disruptions to the BSC ecosystem? + +**The answer is undoubtedly YES!** + +During the first V2 migration disaster, the B o g tools team worked overnight to release their own swap interface ahead of schedule. They have worked tirelessly since then to make improvements and offer novel solutions to the unnecessary problems caused by PCS. + +Unlike PCS, right now you can go to BogSwap and swap your favorite tokens with ease. The BogSwap intelligent router will automatically route your trade through the most efficient liquidity pool to ALWAYS give you the best price. They currently support PCS V1, V2, and ApeSwap trade routing, with support for more dexes and a native dex coming in the near future. Additionally BogSwap will not restrict you from dumping your sh\*tcoins or sh\*tcoin dust due to price impact like PCS does, which means you can escape those dreaded honeypots. With the forthcoming BogSwap update, you will be able to save/bookmark your custom tokens as well. + +**Why hold $BOG?** + +In addition to this time and money saving platform, the Bogtools team has their own native token, $BOG, which just passed 20,000 proud hodlers. There are many benefits to holding $B O G, in addition the current upward price trend. Holding $B O G allows you to: + +Place limit buy and limit sell orders on all of your tokens, with stop losses and V2 support being released shortly + +Use the $BOG Token Sniper to buy the next moonshot token at launch before the competition, and use the limit sell to automatically take gains. Stop staring at the chart now and get some sleep! + +Stake $BOG-BNB for high APY rewards paid in $BOG + +Many more features to come from the Devs that don't stop delivering. + +So go grab a bag of $BOG now before you get priced out from all of the forthcoming game-changing features the dev team has planned. + +**But wait there's more!** + +Bogtools has also developed the slickest charts on BSC to accompany the fully featured trading platform. The 1 minute charts update automatically and accompany the up-to-the-block super accurate transaction list below. + +Jump on the Bogwagon now and join the journey to ultimate BSC trading dominance. + +Get on or get bogged. + +So watch this space traders: Once Limit orders V2 go live B O G will be the only one stop trading shop for BSC tokens. If you aren't using Bog platform to trade right now, then you aren't making the most of your time. The Bog Token Breakout is impending. + +Any questions hit up comments here or join the BogTools TG which is incredibly responsive ( and not full of moon/lambo chat) + +Links: +[Bogged.Finance](https://Bogged.Finance) \- Trading Platform +[Bogtools.io](https://Bogtools.io) +Chart - [https://charts.bogged.finance/](https://charts.bogged.finance/) +[Bogged.Finance/swap](https://Bogged.Finance/swap) \- can buy bog (& anything else) here +Twitter - [https://twitter.com/bogtools](https://twitter.com/bogtools) +Hello all. I'm a 20-year university student who is heavily invested in the stock market and have been looking more and more at the potential of owning real estate. Given the fact that I'm studying and working part-time, I don't have loads of money. Should I start saving for a downpayment for real estate at this age? When is it appropriate to start going for it? How difficult is it to get loans at a young age? +I own an AMD JAN 20 '23 $80 call (which has a delta of 0.86 right now) + +I sold and got exercised on an AMD FEB 04 $117.5 call. Basically I'm short 100 shares of AMD at the strike price of $117.5. Obviously this position is in the red while my LEAP is significantly in profit. Enough so that if I close both my LEAP and short position, I will end up on a profit. + +However, the greedy me is wondering whether I should wait on my short position until it goes to breakeven at least. That means AMD hitting $117.5 or less. That way I don't take a loss on my covered call and also get to keep my leap. The daily chart looks fairly strong though so that may not happen and if AMD keeps climbing up I will lose more money as my short position has a delta of 1 while my LEAPS is at 0.86 delta. + +To make it easy, my choices as far as I can see are the following: + +1. Close my LEAPS option & my short position resulting in a profit; +2. Take loss on my short position and keep the LEAPS; +3. Wait for my short position to go on breakeven and keep my LEAPS; + +What would you do? Thanks! +Bought stock at its top during 2020 and now stuck with heavy bags with it being down over 50%. Seems like it will be impossible for it to ever recover as you will need it to gain over 100% to even breakeven. + +And on the same mindset, for people who is buying in at these prices which have already fallen off massively, when the stock does breakeven the people who buy in now will be rewarded with over 100% gains which is not something that is very likely to happen hence the chance of the stock ever recovering from its ATH seems extremely slim. Heavy ass bags man. +I'm no market expert but there seems to be a complete u turn happening at the moment in the market. Since Baillie Gifford was arguably one of the best performing fund managers last year, I'd be interested to here if people think they are heading back to normality considering their funds are quite tech heavy? + +I don't know anything about BG before last year but I'd be interested to hear views on how they were faring during the 2008 crash - pre covid markets. +I keep seeing a lot of ads from these and am wondering if it is some kind of bot generated content. + +Some of the content was 'buy these great dividend stocks' and both were at their 52 week high. + +What are they selling? +https://www.bloomberg.com/news/articles/2020-04-21/china-called-out-in-u-s-warning-over-emerging-market-investing + +Edit: Article + +When it comes to companies exposed to emerging markets -- most notably China -- investors should beware the lack of visibility into their books, U.S. Securities and Exchange Commission Chairman Jay Clayton said Tuesday. + +Foreign jurisdictions aren’t maintaining adequate standards of investor protection, and the U.S. has little control over that, Clayton and other officials said in a strongly worded statement. The group also underlined a longstanding point of conflict: that the main U.S. accounting watchdog can’t inspect the work that Chinese auditors do for companies that sell stock in American markets. + +“In many emerging markets, including China, there is substantially greater risk that disclosures will be incomplete or misleading” and substantially less access to recourse in the event of investor harm, said the statement from four SEC officials and William Duhnke, chairman of the Public Company Accounting Oversight Board. + + +The issue over inspections of Chinese accounting firms dates back more than a decade and has always been a point of tension between the two countries. While U.S. regulators can access work papers underlying audits in most countries, China’s prohibition hampers their ability to conduct investigations and inspections designed to catch mistakes or malfeasance by auditors. + +In December 2018, Clayton and Duhnke issued a joint statement saying that U.S. regulators “currently face significant challenges” in overseeing the financial reporting for listed companies based in China. They said that among auditors of 224 companies with total market capitalization of $1.8 trillion that posed obstacles for U.S. inspectors, 213 were in China or Hong Kong. + +Tensions with China have been rising as Republicans, under pressure as critics assail President Donald Trump’s handling of the coronavirus crisis, accuse the Asian nation of failing to give sufficient warning about the pandemic and offering misleading information about its severity. + +Though the auditing issue hasn’t always been on the front burner, companies like Alibaba Group Holding Ltd. and Baidu Inc. have raised billions of dollars in the U.S. while avoiding regulatory scrutiny. Nasdaq earlier this month halted trading in Luckin Coffee Inc., a Chinese chain enmeshed in an accounting scandal, and said the shares will remain frozen until the company satisfies requests for information. + +In their Tuesday statement, the U.S. regulators said investors should especially consider the potential effects of the PCAOB’s blind spot in China. + +“Even when the auditor signing the audit report is not based in China, if the company has operations in China, investors should consider whether significant portions of the audit may have been performed by firms in China,” the group said. + + +The PCAOB keeps a list of companies whose auditors it can’t inspect on its website. +Any random stranger on the Internet (me included) is telling you things out of their best interest, not yours. Don't listen to anyone who promises any kind of price change. No one knows. Be safe and don't follow hype and don't follow FUD either. + +Hopefully we can move on from these garbage technical analyses prevalent on this sub claiming $400 ether in 36.483 hours. I'm sure more than one person here has some kind of loss after the recent hype/pumping on this sub. Anyone who ONLY gives you tip on bullish moves and doesn't warn you about bear turns is being disingenuous at best, overtly manipulative at worst. + +edit: For the record, I'm a long-term ether bull. I bought some below $100 (if only I had swooped on that $20 ether or below...), then I bought more above $100, then I bought more at the ~$195 peak... now I'm going to buy more again soon. + +The point is, but when someone says "LAST CHANCE TO BUY $200 ETHER, BUY NOW" well just think about it... where do you think the price of ether is going long-term? If you're bullish on it, does it matter whether you buy at $195, or $208? + +If someone says the price is going to go up, critically analyze their reasoning before deciding to buy more. And if someone says the price is going to tank (and provides justification) - don't simply flame them or downvote, read their bear prediction critically, because guess what? That guy or gal's information could help you; if you find their reasoning sound, and the price does dip, that's a nice buying opportunity for you. +# Original post: + +[There seems to be huge opportunity for a ... bot that scalps ... volatility.](https://www.reddit.com/r/algotrading/comments/ons3gc/there_seems_to_be_huge_opportunity_for_a_crypto/) + +# Famous last words: + +>high percentage winning strategy but the losses would be larger. + +# Input: + + import random; from matplotlib import pyplot as plt # Imports. + + config = {'run_days': 1_000, # ~3 years. + 'sell_limit': .02, # 0.2% profit short & long exit. + 'volatility': .05, # +/-0.5% per candle. + 'tick_per_day': 1440, } # Mins in day. If open at end, auto-settle. + + def swing_proof(lim_sell: float, vol: float, open: float=1.0, num: int=2**11): + """Proof simply buying and selling volatility in tandem doesn't work.""" + scalp = lambda opn,p,dif: ((opn + dif) if (max(p) > (opn + dif) # Scalp. + if dif > 0 else (min(p) < (opn + dif))) else p[-1]); lst = [open] + for _ in range(num): lst += [lst[-1] + (random.random() - 0.5) * vol] + return (lst, *[scalp(open, lst, s) for s in (-lim_sell, lim_sell)]) + + def run_test(run_days: int=100_000, sell_limit: float=0.02, + volatility: float=0.05, tick_per_day: int=2**11) -> tuple: + """Run test of swing_proof over many iterations (run_days) w/ params.""" + res = [swing_proof(sell_limit, volatility)[1:] for _ in range(run_days)] + shrt, lng = list(zip(*res)) # Tuple[float]: # Tuples short/long returns. + out = sum(1 - s for s in shrt), sum(l - 1 for l in lng) + return sum(out) / (2 * run_days), shrt, lng # Tuple[float,tuple,tuple] + + res, short, long = run_test(**config) # Run scalp test w/ config. + for p, c in [[short,'r'],[long,'g']]: plt.plot(p, color=c, alpha=.7, lw=.7) + print(f'Average α: {res * 100:.{7}f}%\n' # Print alpha per trade & total. + f'Account α: {(((1 + res) ** config["run_days"]) - 1) * 100:.{6}f}%') + +# Output: + + Average α: -0.6904268% + Account α: -99.902025% + +# Chart: + +[Consistent small alpha both short & long. Rare larger losses as OP suspected.](https://preview.redd.it/bwmy5qc2qfc71.png?width=954&format=png&auto=webp&s=55642f53a05f8980e22912e752c1265317c35354) + +# Conclusion: + +The rare large losses greatly exceed the very common small gains. The result is almost always losing **\~99.9%** of your initial balance here. Although I did see a *+17%* gain one time when running the simulation. + +This should be *obvious*, but I thought it would be helpful and educational for this sub to see exactly why. + +Feel free to play around (Python) with the config. There's an interesting relationship here with the average returns if you can spot it. + +Bonus points if you can explain exactly why the above outcome is **fundamentally** the case from inception. +[https://github.com/lhwolff15/InsiderTrading](https://github.com/lhwolff15/InsiderTrading) + +Recently I’ve been focusing on how to tell if insiders in a company anticipate a potential upside or downside to their company. As the great Peter Lynch once said: “insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.” I couldn’t find a data source that compiled all the buying and selling data for companies, so I made one. I created a Python script that picks up Insider Trading transactions for all publicly listed companies. I just completed it so I haven’t had time to test out the impact insider trades have on the stock price, but I thought you guys might think it was a cool source of data. Let me know what you think! + +&#x200B; + +UPDATE: Just wanted to share my resulting spreadsheet. Interpret the data as you will! + +[https://drive.google.com/file/d/1x2K-HKcFTEmgnEslvYEz2j3XZ9PHe2fj/view?usp=sharing](https://drive.google.com/file/d/1x2K-HKcFTEmgnEslvYEz2j3XZ9PHe2fj/view?usp=sharing) + +&#x200B; + +I wanted to include a link the page where the data is drawn from on the SEC site (the table on the bottom of the page). I just used Apple as an example. + +[https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0000320193](https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0000320193) +### UNITED STATES + +* **Futures** are down this morning in the US and global stocks are falling as well +* Budget discussions took a sharp turn and it now looks like the government will indeed shutdown tomorrow unless $5bn are allocated to build a border wall +* Data from the *Philly Fed* shows regional **manufacturing** **activity** **slowing** and "hours worked" reversing course to 2016 levels + * **New Orders** and **Expected Investments** are holding steady though  + +### OTHER + +* The Bank of England reduced Q4 growth forecasts from 0.3% to 0.2% for the **British economy**  +* **UK Retail Sales** came in strong (Expected 2.3% | Actual 3.8%) +* A court in **Germany** is making **Apple** stop selling certain iPhones after finding that they **infringed on Qualcomm** patents  +* **Oil** continues to get battered with the price of **Brent** **Crude** falling below $55/barrel  +* The Malaysian government wants $7.2bn from **Goldman** **Sachs** for their involvment in the **1MDB** corruption scandal +* **Carlos Ghosn** was rearrested amid suspicion that he shifted $16 million in personal losses to **Nissan** + +### CHINA + +* The gap between Chinese stock underperformance and US stocks is narrowing  + * US stocks have underperformed Chinese shares since the end of October  +* [The South China Morning Post is bullish on American stocks ](https://www.scmp.com/comment/insight-opinion/article/2178855/why-federal-reserve-rate-hikes-and-us-market-fundamentals) +* Charges have been filed by the US against two Chinese citizens for their role in a campaign to steal information from US businesses and the government  + +*\*This will be my last time reading the news for you until Dec. 27 - Happy Holidays* 🎅 +EDIT: Now down over 1000, the second worst drop ever +No I'm not some doomesdayer and I realize interest rates are only partly why the drop happened. Most likely another correction relax +Hello Everyone, + +I realize this may not be specifically on the topic of fatfire, but the wisdom here is consistently helpful and I suspect people here may have come across these frustrations. + +I’ve recently finished training. Having spent most of the last decade living in daylight basements decorated with couches harvested from the nearby alley, I like the idea of filling our newly purchased home with nice furniture. + +I’m a furniture salesman’s dream. I make great money. Own nothing but a futon and old desk, and our vacuous new house is begging to be filled. Unfortunately, I can’t find a single appealing item. Locally the options are just awful. Overpriced creepy junk that you wouldn’t take home free (this is coming from a guy that once tolerated a coffee table made out of pizza boxes and plywood). + +I’ve tried ordering from online, but it’s very hit or miss. Mostly misses. Impossible to tell quality from a picture and returning is a hassle. + +Money is not an issue, but it doesn’t seem to alleviate any issues on this subject. As the price goes up, items just become more unnecessarily ornate or gaudy. + +I’m hoping someone has some insight. Maybe a trusted vendor, website, or trick? Do people pick up furniture when they travel (my wife suggested this)? I’m usually too busy goofing off. + +I realize furniture is personal, but I can’t be the only wealthy person looking for well-made, clean, simple, functional furniture. Or does everyone approaching fat fire inevitably succumb to billowing couches and sprawling dining room tables? + +Also, some context, I live in Alaska. Local options are limited. So maybe this isn’t a problem for folks living in San Francisco. + +Thanks everyone. Appreciate any advice. + +Only furniture we can tolerate is the stuff my wife makes. She is a talented woodworker and welder. But it takes immense effort and I suspect that nice furniture can be bought from somewhere. + +Edit: Wife and I have been rejuvenated by all the advice. You’ve turned a frustrating process back into something with potential and optimism. The collective wisdom on this sub is potent and responsive. What a neat thing to behold. Thank you. +This subreddit is full of people talking about their aspirations to FIRE or how much they love it... + +To those who *have* FIRED: do you ever regret it? + +Maybe an investment didn’t work out as planned so money is tighter than expected. Or you miss work, or you’re bored. Or wish you’d spent money on that ski vacation back when you were young and healthy. + +Especially interested in hearing from anyone who has already FIRED (preferably who is 50+ and has at least one child) +What do you guys think about AMD? Their stock took a hit this past quarter, but they are expected to do some big numbers this upcoming quarter, could this propel their stock to triple digits in the future? Is it a buy? Thanks for any advice. +DISCLAIMER: Hey guys, had some good discussion with some people and there are some concerns surrounding Mainstar that have people second guessing this post. I also apologize if this post seemed like a call to action, really wasn't my intention. Just was a bit excited. I'm trying to learn from other people on this sub and truly thought this was a good option. We should definitely explore these options in more depth before rushing into it. I've been looking into this for a few months and I would never encourage someone to do anything less. Its good to have such a solid community fact checking each other and bringing up concerns in a civil manner. I'm going to pause on this for the time being, if nothing else though I hope this post has gotten a lot of people looking into alternatives for DRSing IRAs that doesn't create a taxable event. +TLDR: jury is still out on Mainstar Trust + +&#x200B; + +Hello Apes, + +I hope you are enjoying this wonderful dip! I know I am! + +I just went all in with my last $12,000 in my IRA at $91 this morning. + +Since I'm tapped out I decided to seriously start looking into the process for DRSing my IRA WITHOUT creating a taxable event. + +With a special thanks to the people over at [drsgme.org](https://drsgme.org) I decided to follow through on the IRA in kind transfer and boy oh boy do I have some spicy news ([https://www.drsgme.org/direct-register-shares-from-ira-in-kind-direct-transfer](https://www.drsgme.org/direct-register-shares-from-ira-in-kind-direct-transfer)) + +I reached out to Mainstar via their online email form a week or so ago and didn't hear back anything from them so I figured I'd give them a call. + +I spoke to a person saying I have some shares that I'd like to DRS and that I want Mainstar to be the custodian on the account to maintain my IRA status and not create a taxable event. + +They forwarded me along to an account specialist. To which I reiterated my intentions, in the middle of me explaining she cuts me off and says "Is this for GameStop?". I did NOT mention GME at all, just the fact that I had some shares that I wanted to DRS. This definitely jacked my tits. It jacked my tits even more when she said "YES" we can do this for you! + +Q: Would Mainstar be the custodian on the account? + +A: Yes + +Q: And this won't create a taxable event? + +A: No, as long as you do a direct transfer from one account to another. + +Needless to say I'm super pumped! + +I plan on creating a follow up post with more details! + +&#x200B; + +For starters I was told to go here: [https://mainstartrust.com/forms](https://mainstartrust.com/forms) and select the paper work for the account you are trying to transfer over. + +&#x200B; + +See you on the moon apes! + +EDIT: SEE HOW OTHER APES DID THE SAME! [https://www.reddit.com/r/Superstonk/comments/scpxs9/another\_path\_to\_drsira\_with\_no\_taxable/](https://www.reddit.com/r/Superstonk/comments/scpxs9/another_path_to_drsira_with_no_taxable/) +You idealise a 5’5 cuck who can’t talk without getting out of breath every sentence, because of the amount of SHIT he’s tryna talk all at once. + +Now, let’s get into the sad stuff. + +Jordan stole from, lied to, connived against, scammed, ignored, and killed a LOT of retail investors for nearly a decade. + +Who did he do this to? Us, the apes. + +He is an ape killer. Multiple ape families lost everything directly as a result from Stratton Oakmonts greed, lies and manipulation. Sound familiar? Bit like Citadel no? + +So many ape suicides are on this motherfuckers hands. Apes killed themselves because of this man. Let that sink in. + +Imagine if you will, waking up one day ready for another day of trading, you open your broker app and everything is just .....gone. + +Everything is shut down, a banner has replaced the usual portfolio page saying “404 error”with a picture of a fucking CAT looking at you. + +You had EVERYTHING in that trade, your kids college fund, your future mortgage payments or life savings. You were promised riches - the wolfs DD was very convincing. Now......poof. Gone. + +You look at your wife’s smile as she asks what’s wrong, how can you tell her? + +You look at your kids, their little faces looking up, so sweet and innocent. + +“What have I done?” + +You go to the garage and weep. Take the hosepipe, put it in the car exhaust and sit in the drivers side. “Breath boy. It won’t hurt. They will be better off.” + +That was the reality in some capacity of a LOT of apes because of this man. He should be banned from this sub. Nothing but a Charlatan, lier and murderer. Ape poacher. Ape killer. + +I don’t know about “Wolf” - but he’s the slipperiest snake in the banana forest. + +We love LEONARDO DI CAPRIO. A kind man, who cares for apes and the habitat (quite literally) - a great actor who made little Jordan look cool. + +Little Jordan is NOT Leo. Stop promoting him. He is just as bad as Bernie, Ken, Gabriel, Vlad and that Asian man who scammed his way to bankruptcy lately. + +Read the book. You will see what he really did. The film is a very condensed version of who he is. Just a short ass little scum bag. + +Look after yourselves apes. +Love you all +Harry ❤️🦧🦍🤲🏼💎🇬🇧❤️🚀🚀🚀🚀🚀 + +EDIT: JB says he teaches the “straight line” technique to legit businesses. I used to work for two companies that turned out to be scams.Wine/Land/Art dealers - all here in the U.K.. I’ve redacted the names. + +Guess who was flown over and came and trained the floor? AND who wrote the scripts for them? + +You guessed it. Cuck Boy + +EDIT 2: No I was not a salesman, I had a small printing business and done their brochures etc. + +EDIT 3: Feel free to repost this to help new apes if anything. Just credit me. Thanks + +EDIT 4: I included his height because that’s his height. I’m 6’1 and he came up to my chin on a good day. In no way am I slandering short apes. It’s included only for depiction and presentment. 😂❤️ +Sen Warner who was behind the WH supported amendment has introduced a last minute amanedment + +This removes "proof of work" from the validations exception. This means proof of stake validators are also exempted, if this passes. + +But it still does not contain the exception for protocol and wallet developers. This is the important aspect that needs to be included as an exception, as it is impossible for protocol developers/wallet developers etc to KYC their users. + +Keep calling and asking your Senators to do the right thing. + +Watch the Senate proceedings here: https://www.senate.gov/legislative/floor_activity_pail.htm + +Follow the Senators votes here: https://didtheyvoteagainst.me/ + +Update: Senator Steve Daines, from Montana has tweeted in favor of the Wyden-Lummis-Toomey Amendment! + +Jeff Stein (Washington Post) says additional changes are still expected before the vote. + +Senator Ted Cruz, Senator Marsha Blackburn are committed to Wyden/Lummis/Toomey Amendment + + +**UPDATE**: The latest amended text specifically carves out exceptions for both proof of work, and proof of stake. By name, it mentions these 2 consensus as mining and staking. Other consensus mechanisms aren't mentioned. Still no exception for developers - which is still KEY. + +**Senate breaks filibuster to advance $1.2 trillion infrastructure package.** + +**UPDATES:** WaPo reporter claiming further amendments are due! Wtf?! +They are really legislating about things they have no clue about. Apart from PoW and PoS, there is proof of history, proof of capacity, proof of storage.. so many new technologies that are being built. How does Sen Warner and his staff even know about any of this, do they have crypto experts on their team? This is just a farce! +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’d like to make a proposal. My proposal is that the entire market is fake, prices are controlled through dark pools, negative pressure existing under stocks in the form of swaps, naked shorts, shorts that have never been closed out, backroom deals, etc, and only in a few events do we see TRUE price discovery peeking through the overly manipulated/controlled system. Why? **Because they force buys through the lit market to one degree or another.** + +This isn’t really a revelation – or it shouldn’t be – we know that price and volume is manipulated by following $GME for the past 2 years (and really well before that, we as in retail just haven’t been paying attention prior to $GME). But what the HELL does that even mean? + +[You](https://preview.redd.it/waj80qfigpj91.png?width=490&format=png&auto=webp&s=b3367f8af1a4121e1e13c5ffbd74ad0aa5e5d00f) + +[The guy she told you not to worry about](https://preview.redd.it/07f8d8fkgpj91.png?width=490&format=png&auto=webp&s=0300d09717b1796bbf49b7e7b1cf9617ee28fe4a) + +[Charts with supporting documentation found here](https://arxiv.org/abs/2201.00223) + +The only way a situation claiming [infinite liquidity](https://twitter.com/shayne12_/status/1534740656102551554?s=20&t=ro9UJbXWsnkg050aY9gx0Q) exists in a world without infinite capital is if the entire market is carefully controlled. Think of throwing your actual cash into a big dryer bin as its tumbling. Your money enters the machine and the exact same amount moves out the other side. If you buy shares, they get internalized and IOUs given are off. If you buy calls, puts can be bought to negate the pressure. + +You’re then given an IOU for that cash, but the cash no longer exists to the degree you assume it does. This would explain why ETF growth has ballooned over the past 10 years and is expected to continue. The ETF market is heavily theorized to be jam-packed full of IOUs. + +[u/leavemeanon2 explains beautifully where the shares are.](https://www.reddit.com/user/leavemeanon2/comments/qiiklg/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=web2x&context=3) + +[separate bank account to prevent price discovery](https://preview.redd.it/zxbxg59ngpj91.jpg?width=995&format=pjpg&auto=webp&s=d55f4d0e9d31facdaaf3e33425de1651c474e551) + +In my previous post [linked here](https://www.reddit.com/r/Superstonk/comments/wssqzb/rcs_an_absolute_genius_yes_hes_playing_69741d/), I exclaimed that RegSho is the kicker that shot $GME to uranus territory. Towel stonk is on RegSho now and marching towards the T+35 dates. Other apes have speculated Opex shoots $GME to Uranus, other apes speculate buying through IEX shoots $GME to Uranus, others have speculated ComputerShare shoots $GME to Uranus. + +**REGSHO:** + +As mentioned in my previous post, RegSho is heavily theorized to have caused the Jan 2021 sneeze, as well as the Feb 24th mini sneeze when blew $GME from $50 to $200 after hours. Below is the data supporting this statement. + +&#x200B; + +https://preview.redd.it/qojh0puqgpj91.jpg?width=609&format=pjpg&auto=webp&s=8e228d7d777f1dd909de720b0cc91bf15ed09940 + +https://preview.redd.it/r7wl1yqsgpj91.jpg?width=584&format=pjpg&auto=webp&s=0ea9ff97caad648d3ca73f065f5c7240d68c598f + +https://preview.redd.it/p6zpo3ytgpj91.jpg?width=207&format=pjpg&auto=webp&s=65144e54afc97f3d08d07e09f9d29406e1411692 + +***TL;DR – Market makers lost control of price due to buildup of FTDs and force closing. Sneeze happened because $GME no longer existed in a vacuum like the rest of the market.*** + +**OPEX:** + +**I am not a professional at options. I don’t even use them.** **I am not saying buy options, I am making connections between buys hitting lit market and forcing some semblance of true price discovery, which seems to be where the price action we are used to seeing in the market breaks down.** + +We all know when you trade options, market makers are on the other end of that bet. In order to properly hedge, they either have to buy or sell the underlying stocks. + +&#x200B; + +[I mean, yes they do. But not in the way this picture describes.](https://preview.redd.it/uhlgexcvgpj91.jpg?width=660&format=pjpg&auto=webp&s=d02495d6362e1512b77495d9ed618563366c1309) + +Towel Stonk Opex – today. We know towel stonk has had a ridiculous amount of interest from reddit over the past month, and we can only assume with that increased interest comes increased call option exposure. Well, something caused a 31% rip in pre-market on Aug 24, 2022 - and we can absolutely assume the rip in price **DID NOT HAPPEN** because of retail buying through brokers during pre-market. + +https://preview.redd.it/m7rh732ygpj91.jpg?width=554&format=pjpg&auto=webp&s=8162af40163abfc90a2081cceba9aa1d33511589 + +I would take it a step further than just towel stonk and say stocks are usually rather volatile around Opex/tri/quad witching because of the mass volume of calls/puts hitting the market at once. If we assume 100% of the shares you are holding are IOUs (unless you go to ComputerShare), then your buys and sells are not impacting the underlying price **unless they need to**. You’re buying IOUs, not actual shares. + +TLDR: ***Mass call exposure centralized to a few stocks causes mass appreciation in price based off market-maker hedging. Why do you think the majority of financial advisors you talk to advise that you invest in low fee broad index funds? Not only are you buying IOUs, but you are not centralizing risk in one stonk to put extra strain on the system ie; $GME. You’re spreading the risk to the system out over 500 different stocks in the S&P500.*** + +**ComputerShare:** + +Thanks to ComputerShare, we know our buys are only dealing in “real” shares, no IOUs allowed, therefore we know with certainty our buys are hitting the tape. CS usually has 2 batch buys per day, both of which have large volume hits (hell, any larger volume hit in $GME is huge when it comes to hitting the tape). That trade is not internalized, and real buying pressure shows up. + +https://preview.redd.it/zct9k2t1hpj91.jpg?width=927&format=pjpg&auto=webp&s=92b8c80097c325d04e9a10bf5e81a71edcae8bb9 + +Another side benefit of ComputerShare (outside of direct ownership) is that the companies tradable float is being reduced. If a company has 100m total shares outstanding, and 50m are directly registered, only 50m shares are available to short. This increases the probability with each day that goes by of the stock hitting RegSho, which brings us back to example 1: forcing a huge wave of lit buys to hit the tape at once. + +*TLDR:* ***Not only does ComputerShare provide direct ownership of the shares that are being used to provide “infinite liquidity”, buys through ComputerShare hit the tape and go directly into your name. DRS’d shares are the plaque that builds up in arteries, which eventually causes the heart attack. It’s not necessarily @ 50%, 70%, 99%, just the more plaque that builds up the more strain that’s put on the system. The heart attack in this situation quite literally is the squeeze, and it happens whenever the system breaks.*** + +**IEX:** + +IEX we know hits the tape, so at least a real buy occurs. What happens to the share after that, nobody knows. Maybe you keep the real share, maybe it just goes to Fidelity and they have an increased share count since you’re the beneficial owner. I won’t speculate on where the share goes or the ownership of it – I’m only speculating on events that interrupt an “infinite liquidity” system. + +&#x200B; + +https://preview.redd.it/hbblce63hpj91.jpg?width=668&format=pjpg&auto=webp&s=8f8955c53aee475f1d93e9c913aca57d0c8c2f29 + +*TLDR:* ***Self-explanatory really. I’d venture to guess with a 2.4% market share, IEX and ComputerShare direct buys are probably tied for the least IMMEDIATE impact on price. It’s a hell of a lot easier to cover up my 2 share buy through IEX, 50 share buy through ComputerShare, than it is to cover up a 750 million share FTD pile-up from RegSho, or a call heavy Opex dump.*** + +Recap: + +What do these 4 events have in common? They all show some semblance of true price discovery. Two of these situations directly contribute to Violent Upside Potential (RegSho forced FTD closures, Opex). ComputerShare tightens the noose around hedgies neck while increasing the probability for VUP to occur (RegSho), and IEX forces shares to hit the lit market but can easily be countered unless there are millions of orders flowing through IEX. All 4 of these situations move completely against the "controlled" movement of the market, but they only occur when the ***people on the other side of the bet are forced to show price discovery.*** + +***Given the information above, who would it benefit the most to make sure DRS is criminalized, options are criminalized? Without Opex exposure, $GME will just limp along until it hits a certain point DRS'd, then it has a possibility of hitting reg sho. If sentiment around $GME can be controlled by the media, it will be very hard to get to that RegSho trigger without a super large DRS position.*** + +***Not DRSing is the literal definition of infinite liquidity, and you may as well be buying your $GME share exposure through ETFs - it gives the same effect to the underlying security.*** + +So yes, the entire market is fake. There is no right or wrong way to invest in $GME. There are, however, ways to help price discovery in the stonk you love. And there are absolutely ways to hurt price discovery (why the hell would anyone buy $GME exposure through XRT?). + +MOASS is just an equalization of supply and demand across the entire market. Such a major displacement of supply and demand requires a violent event for equalization. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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Check the main page for the sticky post and vote now! + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* + Paywall Link: [https://www.ft.com/content/31e3a8e4-b0ad-4516-8573-2677e77ef13a](https://www.ft.com/content/31e3a8e4-b0ad-4516-8573-2677e77ef13a) + + +**TL;DR** + +>Landlords are set to begin legal proceedings against retailers including Boots and Poundstretcher for refusing to pay rent despite staying open during the coronavirus lockdown. +> +>The pharmacy chain and low-cost retailer are among those who will be served with statutory notices in a bid to force them to pay up. +> +>Only 41 per cent of retailers paid rent on the latest collection day of March 25, according to data compiled by Remit Consulting from six leading property management companies covering more than 25,000 leases. + +> +>Atmore Group, a Liverpool-based landlord with £100m of property, said it would serve statutory notices for non-payment of rent to Poundstretcher and Boots on Tuesday. This gives them 21 days to respond or face a court hearing and the landlord applying to bankrupt them.  +Which option should I choose to start running a wheel strategy: (selling puts DTE Jan 21 on following at .35 delta) + +Option A: + +1- AAPL - $17100 -> $410 +2- MSFT- $32300 -> $700 +3- NVDA - $27800 -> $1410 +4- MS - $9700 -> $200 +5- V -$21100 -> $380 + +Total premium= $3100 +Cash held = $108000 + +Option B: + +1- SPY - $46000 -> $700 +2- QQQ - $38500 -> $770 +3- IWM - $21500 -> $500 + +Total Premium = $1970 +Cash held = $106000 + +Option C: +What you guys suggest? + +Thanks, +Mods - I think it would be awesome if we have a place for all the apps and websites made by the Thetagangers simply to help each other out. Seems like every week someone has a sweet new website to help us out, would love them all in one place! +I'd like to be able to run my trading more like a hedge fund. I'm not looking for funding just trying to deduct costs. + +Im looking to deduct education, subscriptions, equipment, tools. It would also be great to elect mark-to-market. + +Anyone do this? Or has anyone done this? +I get the general gist that maybe it's not worth setting an entity up? + +Thanks! +Hi all, I'm looking at selling puts on /ES or /MES. Due to my small account size, i think it will be more appropriate to do a spread on ES while MES I'm more comfortable to go naked. + +What should i put into consideration while deciding between the two option? + +For ES how far apart should the spread be? There is also risk that only one leg expire itm, how should this be dealt with? + +Thanks in advance! +Qqq options expire every 2 days out, right. So, the questions is, where can you very safely sell options every 2 days and have a near 100% chance of never getting assigned and make a few bucks. +With vaccination rates rising, talks about border reopening etc I was wondering if you have moved from SYD/MEL to avoid lockdown and are WFH for SYD/MEL based employer what are your plans if you are asked to come back to office? + +My thinking is that with the exception of a very few, most companies will not do full WFH or mandate full work from office once life goes back to normal, but will settle on some sort of hybrid model (3 days in office, 2 WFH). +Hi, 22M here. I'm reading into how much one should have saved by a certain age. It said that one should have saved .5x one's salary by the age of 25. Due to covid I took a pay cut and now make around $30000 a year. I have put all my savings into the stock market when it was very low. I put in about $40000. I'm scared of the market crashing again and losing money, but savings account annual return % dropped from 1.3% to 0.80%. Would you consider putting money into stocks to be the same as saving it? Also would you recommend to just save money into a savings account or just keep investing into the stock market and hold my funds in their instead? Thank you for your time. +I was wondering what is considered a fair way of splitting bills if one half of a couple owns a property and the other is renting from them? + +My situation is that I have been with my girlfriend for 2 years, the last year of which I have been living with her in a 2 bedroom flat she owns in south London near Sutton. She bought the flat through the help to buy scheme so has only been paying off the percentage of the mortgage she owns. + +To date we have split all monthly expenses 50/50 and this comes to £750 each per month. That includes the mortgage repayments (including £200 of over payments per month), council tax (£1850 per year) her life insurance and contents insurance, ground rent and property management fees (about £2000 per year), her car tax and insurance (I don't have a car but share use of hers), TV license and all utility bills. + +My girlfriend has talked to the mortgage company recently about buying out the government's part of the mortgage, so she would own 100% of the property. As a result of this the mortgage payments will go up significantly so total bills each month will be £2100, or £1050 each if split 50/50. + +I'm not sure if this is totally fair on me - on the one hand I have been on board with paying 50/50 for everything until now, but this is a very big increase in bills. She gets the benefit of owning the whole property and I get to pay about 50% higher bills each month, but own nothing. I checked the cost of renting a room in similar properties nearby and most are about what I pay now - £750 including bills. + +So I think I would be paying about £300 over market rate in rent & bills each month. She says that if it isn't split 50/50 then it's not fair she has to pay more but I'm not sure I entirely agree, as she is actually getting more ownership of the property. + +We have talked about getting married in the future and if that happens then I would probably get added to the mortgage and pay her 50% of what she owns at the time, so then we'd own the property 50/50. + +Has anyone experienced similar situations, what did you do and what do you think is fair? +Thought this would be a good use of the subreddit, seeing as all, or most, of us are experienced being degenerates at this end of the market playing with small caps are going to get us involved with directors who are trying to treat the Australian public like an ATM rather than make their company a success. + +From my experience these characters do the same thing over and over again, jumping from company to company, or even just changing up the company name and repeating the dodgy process rorting investors for decades. Thinking if we have a list of these repeat offenders, then it should be easier for us to do our due diligence and cross a company off the list when its mentioned by other degenerates here. + + +* People used to pay each other in gold and silver. Difficult to transport. Difficult to divide. +* Paper money was invented. A claim to gold in a bank vault. Easier to transport and divide. +* Banks gave out more paper money than they had gold in the vault. They ran “fractional reserves”. A real money maker. But every now and then, banks collapsed because of runs on the bank. +* Central banking was invented. Central banks would be lenders of last resort. Runs on the bank were thus mitigated by banks guaranteeing each other’s deposits through a central bank. The risk of a bank run was not lowered. Its frequency was diminished and its impact was increased. After all, banks remained basically insolvent in this fractional reserve scheme. +* Banks would still get in trouble. But now, if one bank got in sufficient trouble, they would all be in trouble at the same time. Governments would have to step in to save them. +* All ties between the financial system and gold were severed in 1971 when Nixon decided that the USD would no longer be exchangeable for a fixed amount of gold. This exacerbated the problem, because there was now effectively no limit anymore on the amount of paper money that banks could create. +* From this moment on, all money was created as credit. Money ceased to be supported by an asset. When you take out a loan, money is created and lent to you. Banks expect this freshly minted money to be returned to them with interest. Sure, banks need to keep adequate reserves. But these reserves basically consist of the same credit-based money. And reserves are much lower than the loans they make. +* This led to an explosion in the money supply. The Federal Reserve stopped reporting M3 in 2006. But the ECB currently reports a yearly increase in the supply of the euro of about 5%. +* This leads to a yearly increase in prices. The price increase is somewhat lower than the increase in the money supply. This is because of increased productivity. Society gets better at producing stuff cheaper all the time. So, in absence of money creation you would expect prices to drop every year. That they don’t is the effect of money creation. +* What remains is an inflation rate in the 2% range. +* Banks have discovered that they can siphon off all the productivity increase + 2% every year, without people complaining too much. They accomplish this currently by increasing the money supply by 5% per year, getting this money returned to them at an interest. +* Apart from this insidious tax on society, banks take society hostage every couple of years. In case of a financial crisis, banks need bailouts or the system will collapse. +* Apart from these problems, banks and governments are now striving to do away with cash. This would mean that no two free men would be able to exchange money without intermediation by a bank. If you believe that to transact with others is a fundamental right, this should scare you. +* The absence of sound money was at the root of the problem. We were force-fed paper money because there were no good alternatives. Gold and silver remain difficult to use. +* When it was tried to launch a private currency backed by precious metals (Liberty dollar), this initiative was shut down because it undermined the U.S. currency system. Apparently, a currency alternative could only thrive if “nobody” launched it and if they was no central point of failure. +* What was needed was a peer-to-peer electronic cash system. This was what Satoshi Nakamoto described in 2008. It was a response to all the problems described above. That is why he labeled the genesis block with the text: “03/Jan/2009 Chancellor on brink of second bailout for banks.”. Bitcoin was meant to be an alternative to our current financial system. + +So, if you find yourself religiously checking some cryptocurrency’s price, or bogged down in discussions about the “one true bitcoin”, or constantly asking what currency to buy, please at least remember that we have bigger fish to fry. + +We are here to fix the financial system. +I'm currently with octopus, I do have higher than average electricity use as we have an air source heat pump. + +&#x200B; + +Just thought I'd see if I could get on a decent fixed tariff, and the cheapest option is this: + +&#x200B; + + Your new quote + +£4,862.91 + +Based on your estimated annual usage, not the figures you gave when signing up. + +### Tariff cost breakdown + +⚡ Electricity Daily standing charge 37.74p /day + +Unit rate (day) 62.52p /kWh + +Unit rate (night) 40.35p /kWh + +Early exit fee£0 + +&#x200B; + +&#x200B; + +This is £400 a month for the whole year. Absolutely insane. Should the price cap not be stopping this price? Or am I misunderstanding? +Hello, + +I’ve been looking at single family houses to buy for a long term rental. I’ve put in a few offers on houses that need a fair rehab. (20k-40k). + +I’ve been outbid by others consistently. + +Anything offer that I am comfortable with ends up being way too low. + +I have low cost contractors. I could pay cash but prefer not to. Though I am not working as my own realtor though. + +I saw a house listed at 180k at 100/sqft with a good 40k rehab needed to take it to top dollar. Comps after remodel are 150/sqft. Which would put this house at 265k. + +So I offer $190k and am told they already have offers at $215 to 220k. + +How do investors make this work? How do they buy at $220k with closing costs and put $30-40k in to flip at 265k? Who puts all of that work in just to bring their final cost to market value? + +The ROI on a flip seems very poor, and the cash on cash return as a rental is also very poor. + +How are people making these work as an ongoing business? + +Is it safe to assume there is no good investment to be found on mls? Where do you find them otherwise? + + +Thanks for any input. +Serious question because most mom and pop investors make well under 10% and most under 8% percent annualized all things considered over a 30 year time frame. + +I'm simply amazed how many investors don't actually realize they'd be better off dumping their entire down payment into an index fund or a REIT focused on residential real estate and letting it sit. + +Most investors (when accounting for debt paydown , appreciation, cash flow, tax benefits yadda yadda ) make run rate returns well under the returns of the sp500. As we all know real estate is far from passive if you are doing right by your tenants and your properties. + +Some people actually seem to believe a property rising in value from 200k (with 30% down) to 800k fully paid off by tenants over 30 years with a break even monthly real cash flow that grows at the rate of inflation is a good deal. Yes it is investing and ALL investing can help you build wealth. But the simple truth is taking that 60k and putting it in something gets market returns would have given you more money and been truly passive. + +Yet people think for whatever reason you can get rich from real estate EASIER than other forms of investing without actually putting in work to improve property or doing the research to buy in the path of gentrification and then cashing out at peak. It is one of the biggest myths of real estate since most people don't put in work and most people don't accurately predict the next hot area. + +In short if you are looking to buy an investment property because you heard from a friend real estate will make you rich, you will get just as rich by dumping your down payment into the stock market and letting it sit (for most people this is true). If you are going to to do work on the property that gives you a 25% or 50% return that's a completely different story. But as we all know most mom and pops don't actually want to do work on property they are just in it for the loan pay down and appreciation which as history shows isn't where the money is for most real estate. + +Just curious on thoughts of others. Do you think it is simply ignorance on the part of mom and pops who don't have a finance background? Do people in America just not understand investing in general? Are people just brainwashed when looking at their portfolio? Ask any investor what his returns are and most will say 20% lol because they are in year 1 and haven't had to actually spend any real money on repairs yet that might even equal the cost of down payment for some lower end properties. Most people think they are cash flowing $200 and they don't even save monthly for reserves. It's madness! + +Edit: I'm not talking about people who buy 30% below market and have immediate built in equity, or people who do house hacks, or people who put 5% down and have extreme leverage. I'm talking about people who put down 25-30% on a property the bank knows is an investment and hold for full duration of loan. I'm talking MOST average vanilla transactions. Yes you can beat these typical returns by buying under market, leveraging 95% , hitting 5% - 10% annual appreciation because you have a crystal ball and selling in 10 years instead of 30. But that is good investing lol and NOT average investing which is what I am discussing here. 😄 + +Edit #2: Of course we are talking about BUILDING wealth here not simply preserving wealth. Low returns (if low risk) are acceptable if preserving wealth. Real estate is a great vehicle for wealth preservation but this discussion is more along the lines of investors looking to MULTIPLY wealth end up buying too many properties not suited for that task and then mismanage them. +Many people think and believe that the US Government is minting a lot of notes and that's going to cause a massive stock market crash in coming 2-3 months (or maybe sooner). What do you guys think? +https://www.shell.com/media/news-and-media-releases/2022/shell-intends-to-exit-equity-partnerships-held-with-gazprom-entities.html +> The Board of Shell plc (“Shell”) today announced its intention to exit its joint ventures with Gazprom and related entities, including its 27.5 percent stake in the Sakhalin-II liquefied natural gas facility, its 50 percent stake in the Salym Petroleum Development and the Gydan energy venture. Shell also intends to end its involvement in the Nord Stream 2 pipeline project. +How to make money when you're literally broke and have 0$ with you and there's still a few weeks to the end of the month ? + +To save and/or invest you need to have some *extra* money lying around but that's the problem , you find out there's nothing in your pockets or bank account, what to do now ? + +The answer may seen very clear for others that swiftly go and say; " get another job , work your ass off , cut your expenses" , + +What to do when you're already in that position: working two jobs , 40 hours a week and you still can't make it with some extra by the end of the month . + +What we should do ? + +Please help all of us in this position with a bit of your knowledge, wisdom and compassion. + +Hope you're all good. +Link: [https://decrypt.co/51846/crypto-exchange-coinbase-going-public-ipo](https://decrypt.co/51846/crypto-exchange-coinbase-going-public-ipo) +Tweet: [https://twitter.com/coinbase/status/1339644445457752064](https://twitter.com/coinbase/status/1339644445457752064) +Between rent, food, an endless struggle to find work and no luck filling for UI, I'm not going to make next month's rent unless I scrounge up about $150. It's pathetic that I seem completely unable to find such a small amount of money. I've looked at Craigslist and local gig and one-off work but it's a complete wasteland out there right now. Not only are far fewer of them available, but the one's that do come up have 100 people jump on them immediately because everyone needs money right now. I signed up with a temp agency, but they also warned me that not only are far fewer companies looking for temps right now but the jobs that do come up have tons of people who want them, so I shouldn't expect anything soon. + +I need tips for any random online work that can be done to scrounge up even small amounts of money. I'm talking filling out surveys, doing mindless busy work, or even writing/editing, essentially anything even if each individual task/project/job pays $5-$10. I'm hoping I can find enough that together I can hit $150. + +If anyone has literally any insights at all please let me know, thanks! + +**Edit:** I'm a little overwhelmed, I made this post, read a couple comments and then left for the day, and I came back to almost 200 comments and lots of incredibly nice DM's. I'm going to start reading through all of your comments now, but seriously, sincerely, thanks to everyone who's offering advice and help. I just wasn't expecting this and it's causing a lot of feelings on my end. It's been a really difficult few months and this is just so kind and unexpected. +&#x200B; + +https://i.redd.it/pijgvvvjw0q81.gif + +**Lot's of misinformation being spread by this user who's on the front page right now. Please read on and come to your own conclusions.** + +https://preview.redd.it/0l2xbhh2i0q81.png?width=902&format=png&auto=webp&s=824c89a6c7f2be5f2843dcc1539e4252e16d78cc + +"Under DRS, investors can elect to have their securities registered directly on the issuer's records in book-entry form." The issuer being GameStop. [Source.](https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system). + +If that wasn't proof enough here it is reiterated directly from [COMPUTERSHARE](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) with included graphic: + +https://preview.redd.it/fz385w0lj0q81.jpg?width=1500&format=pjpg&auto=webp&s=78071f79d26c6cc5eda3cdabacd2c144214bf016 + +WHY WOULD GINGER SAY THIS?!? + +https://preview.redd.it/1dsmbhcyk0q81.png?width=631&format=png&auto=webp&s=fb09d4110b9af9163c0b6145a2386cff6b0e388a + +"Holding in a broker also starves them of liquidity." - Ginger + +https://preview.redd.it/ztl5wfn7l0q81.png?width=800&format=png&auto=webp&s=e47db50d37e5eecbd648db557b8bc0fd9da6f162 + +https://preview.redd.it/8w965k42m0q81.png?width=590&format=png&auto=webp&s=395cf6dc04704e4143ed29cd9d03f1a1cca4cd42 + +"Me holding my shares in my cash account makes the stock as illiquid as me holding it in CS. Ergo, DRS is irrelevant." - Ginger. DID WE ALL JUST WAKE UP AND FORGET THAT FUDELITY AND OTHERS ARE LYING ABOUT THIS??? Can't link other subs but we all learned you couldn't even trust Fidelity to not lend your shares in a cash account vs. margin account. >!Look for this post: " I heard Fidelity is lending out shares from Cash accounts (GME in this case). I'd like to know if it's true."!< + +FUD about what the DTC's FAST Program does: + +https://preview.redd.it/cwwu5wsnp0q81.png?width=866&format=png&auto=webp&s=6dbdeffdfe90d28c63e97cbf5ef57d5a648d57ef + +The fast program "eliminates the movement of physical securities by allowing agents to act as custodians for the DTC." [Source.](https://www.dtcc.com/settlement-and-asset-services/agent-services/fast) So in layman's terms; they cut out paperwork to save money and be quicker. Ginger paints it as some evil thing. Oh and about that lien thing he was talking about. It's also a blatant lie: + +https://preview.redd.it/8po76kx0r0q81.png?width=603&format=png&auto=webp&s=0b10762465febe217f951345fe1a7a5ef4d086a7 + +[Source.](https://www.dtcc.com/~/media/Files/Downloads/legal/issue-eligibility/eligibility/operational-arrangements.pdf) + +**What I've noticed is that Ginger is banking on Apes ability to skim through shit and not read.** This is a running theme [as evidenced here:](https://www.reddit.com/r/Superstonk/comments/t6hlum/drs_your_sharesthe_crisis_will_never_be_resolved/hzbmdas/?context=999) + +&#x200B; + +https://preview.redd.it/upx1me2dr0q81.png?width=546&format=png&auto=webp&s=2e3613e24718209e4f5795e7ed26cb5961014750 + +Note that the person replying to Ginger actually went and read the letter. The letter was actually written by Steven G. Nelson and was a comment on a proposal amending FAST and DRS Limited participant requirements for transfer agents. + +Ginger goes and does it again later here: + +https://preview.redd.it/cuy3plkvs0q81.png?width=559&format=png&auto=webp&s=27a352d13d1009ab015006e9c4af65822b70c470 + +Again he tries to pass off the letter as *"Just one historical example of the controversy around the DTC DRS system we all enjoy today."* And again a wrinkly Ape opens and actually reads the document and comes to the correct conclusion! [The letter for your reading pleasure.](https://www.sec.gov/comments/sr-dtc-2006-16/dtc200616-32.pdf) + +Ginger does this a lot. [Here's a nice comment chain](https://www.reddit.com/r/Superstonk/comments/tjn296/comment/i1mcxus/?utm_source=share&utm_medium=web2x&context=3) where he pulls the same trick with a different user to the same end. **Apes have more wrinkles than he thinks!** + +Here is Ginger as of 23 days ago still spreading lies about what FAST does to paint DRS in a negative light: + +https://preview.redd.it/31jjai44u0q81.png?width=576&format=png&auto=webp&s=4f67c17b47569c76a3f591f01f763a1f57a9da11 + +Who's the one spreading FUD and lies??? He's now pushing bad graphs with the purpose of pushing his new narrative that it will take "a decade or more" to lock the float with DRS! + +https://preview.redd.it/xtdmnl5jv0q81.png?width=634&format=png&auto=webp&s=5b8438ee4e40674003a9aa43301a21ebffd168bd + +He has more upvotes that the poll used to decide the DRS posting rules so he must be right! + +https://preview.redd.it/mwoqo8dov0q81.png?width=620&format=png&auto=webp&s=e6581980f5d608c8311fd039d836357d789fba54 + +He's on the front page now so I just wanted to warn people before they go believing someone that will freely lie about things. Beware the telegraph: "I think we all have seen enough rug pulls so far on this stock to always expect one just around the corner." - Ginger. **You don't say.** + +Question everything. Learn something. Educate yourself. ***READ!*** + +https://preview.redd.it/onqnig4rv0q81.png?width=626&format=png&auto=webp&s=157ddf59a1c27f4b3b1dc3d647a0061360c5b39f + +https://i.redd.it/wsvylmnzv0q81.gif + +P.S.: Before anyone freaks out, the user in question actually asked me post this. [Link.](https://www.reddit.com/r/Superstonk/comments/to9kk2/comment/i25mdv3/?utm_source=share&utm_medium=web2x&context=3) +I wanted to see if people who don't need to work are looking at "retirement" the same way I do. + +I believe that the underlying concept of "retirement" whereby one ceases working, earning, and contributing is outdated. + +Historically when people used their bodies for work, retirement was aligned with people being unable to physically work any longer. Today communication tools enable people to contribute and collaborate without limitations of physical distance. + +Perhaps today if you don't enjoy your work then you can retire and do something else, but there's tremendous value in what you've built up. + +I believe that the default post fatFIRE shouldn't be hobbies and consumerism, as I've personally found that there's so much more to be gained in "retirement" by increasing your value and contributions to the world. + +Many people think this means volunteering or giving away time or money for free, but there's a larger spectrum of possibilities that could contribute more to society while furthering the value of your values. + +Are you doing any of these things? + +1) Mentoring & Teaching - SCORE is the only formal organization I know of, but there are definitely communities of people that could use you knowledge, experience, in a way that could help others. Perhaps you stumble upon something that provides you insight, enjoyment, and/or a financial return. + +2) Startup advising or investing - similar to mentoring - helping the next generation of people working on cool stuff. Going through universities or finding interesting people on LinkedIn and offering your help. Perhaps there's a young guy or gal with hustle that needs a bit of direction on a startup or real estate development project that you can help with and get a piece of the pie for yourself. + +3) Serving on advisory boards - prominent people typically get asked to sit on boards of corporations, startups, or community organizations to help set directions. These can be paid positions that enable you to contribute insights, networks, resources and can open up ideas and resources for those involved. + +4) Community, media, and/or political actions - using your time, skills, and resources to be the change you want to see in the world. + +5) Impact investing - putting your money where your values are to invest and support investments that generate a return and help human beings prosper + +I see these and other similar topics as creating virtuous circles of value and intertwining ethical values with economic values. + +Do you agree or disagree with this viewpoint? + +Are there other categories that I should include for "active fatFIRE"? + +Are there communities of fatFIRE folks who are staying active, engaged, and contributing in these areas? + +Thank you for your consideration of this topic among our community. +Just wanted to put it out that for all fellow passive, index fund investors - Dont sell, we are meant to ride through dips even recession inducing ones. + +https://www.usatoday.com/story/money/2020/02/24/warren-buffett-dont-buy-sell-stocks-coronavirus-fears/4855208002/ + +more indepth comments at +https://www.cnbc.com/2020/02/24/warren-buffet-interview-live-updates.html + +and more +https://finance.yahoo.com/news/warren-buffett-coronavirus-net-buyer-stocks-120743935.html + +Edit: I'm putting a personal anecdote here I have a friend who has a nice decent index investment plan going on for about 5 years now whose panicky husband is being a pain in the ass arguing with her daily to sell because the coronavirus is going to trigger a major recession. If your investment horizon is 30 years - this dip even if it's a few months or a year or a few years really doesnt matter. + +Edit 2: I'm removing my initial comment to maybe even consider buying stocks on discount as it's just creating more confusion and detracting from the main point which is basically for passive investors - dont sell. Just stick to the plan, buy at your regularly scheduled intervals and hold. None of this applies to active traders - you guys do you. + +Edit 3: also see this very wise comment https://www.reddit.com/r/investing/comments/f8un4b/-/finorbm +Extended family gathered for Thanksgiving and I ended up in a conversation with an older relative discussing some chronic medical issues he’s been having. Not to get into details, but essentially it’s a degenerative neurological situation leading to loss of balance/muscle weakness. He’s sharp as a tack mentally but the body is starting to go. The usual doctors/experts are stumped. + +What got me thinking was him saying “I’d pay a million dollars right now to be able to ride a bike or go for a run again” - he’s very financially well-off and I’m sure would actually go much higher if necessary - is there a direction I can point him where mystery cases like this would get world class attention? Mayo Clinic? Anywhere else? + +Edit - appreciate all the ideas so far, just to add a comment I placed down below - “6 years of spinal taps, gamma globulin, lyrica, etc etc etc. The local/regional options have failed to adequately diagnose the issue and the symptoms continue to slowly get worse.” + +Looking to think outside the box at this point - in-depth professional genetic analysis a must-do, will also recommend the Harvard undiagnosed network as an intriguing option. +From my recent haphazard forays into rudimentary economics I have noticed that left and right see the subject of economics very differently. Left leaning economics not only welcome government intervention in the economy, but also advocate for it. Meanwhile right wingers appear to be opposed to government intervention. Which action is best? Also, both sides have opposing explanations for crises and eventualities in the economy. Both of them can't be correct. So my question is simply this: how do we know who is right and who is wrong ? +So I've seen multiple opinions from traders and analysts when it comes to trading bear markets. + +Some will tell you to use these times to learn how markets move, understanding a bit of Trend Following strategies and DCA to gradually start building stronger positions. + +But I've also seen some focusing on different aspects which I consider are also highly important. Like starting to understand your trading personality and how to not fall for fear or greed. + +I believe bear markets are where the best opportunities are found, but given their volatile nature, it's also where most beginners quit. + +What would be your top tips to share with beginners who struggle with building a consistent strategy during these times? +Despite my spending all weekend trying to identify a single names source to support Evergrande making the payments on their overdue bonds, I’ve only found anonymously sources flimsy crap from the likes of NYT, Reuters, CNN, and Bloomberg. + +TLDR: just watch the video then +https://youtu.be/RhQpZH3uaHM + +There is literally nobody willing to go on record to say these payments were made. Meanwhile HSBC, UBS, and Nomura are in the press suddenly going bullish on China. I’ll give you one guess which banks are most exposed to Chinese Developers. + +We saw the same theme play out in 2007 when the banks unloaded all of there “AAA Rates” MBS on unsuspecting clients and didn’t tell the truth about what was really in those bonds until the last of that dogshit was off their own books first. + +I’d love to be wrong about this, but if the payment was really made, why would nobody be willing to go on record and say so? There is literally no reason to demand anonymity. There is however incentive to push the false narrative to give themselves more time to dump those toxic bonds. + +There is however one person, Dr Marco Metzler of German research firm DMSA who’s willing to go on record that the payments were NOT made. According to Dr Metzler, HSBC has $18 Billion in exposure to Evergrande alone and a $196 Billion portfolio of Chinese corporate loans (admittedly, that numbers seems too high to me to be real). But there is certainly plenty of incentive there to spin a phony story to cover up what would be one of the largest bankruptcies in history. +If investing is so easy, why do rich people (10M+ networth) almost always have a financial advisor? Why not just dump it into the sp 500 and forget about it like the rest of us peasants? + +&#x200B; + +Are all rich people just trying to beat the market? Seems like a waste of money if the SP 500 historically beats out most finanical advisors. + +&#x200B; + +Thanks for all the responses, got the answer I needed! +I’m off to university (ty God) soon. Hopefully I’ll take myself and all those around me out of poverty. I’m wondering if your mental heath improved. Poverty feels like a shadow that stalks me everytime I dare to feel some joy. +I'm still in relatively good shape. I can do weighted pullups, deadlift double my body weight, run, etc., but the extensive years in airplanes, at desks, and in general pulling my traps up to my ears while stressed as I'm hunched over a cramped computer has turned me into an unhealthy healthy person. + +I struggle to sit on the floor with my kids, I regularly throw my back out, and in general just ache. + +I'm assuming my body has a combined issue of muscular imbalances and lack of flexibility. + +Has anyone in the fatfire crowd approached this with something extremely effective either before or after retiring? + +I'm not sure the job title I'm looking for, but would love for someone to run my body through the gauntlet, figure out where I'm deficient and start making changes ASAP. + +I've tried +high end trainer +Massage therapist +Physical therapy + +Without success. + +What has worked for you? + +Update: There have been multiple mentions of diet and losing weight. Probably a focus on the title referencing building your net wealth rather than literally fat. I would agree with many of you that diet is one of the first places to start. I don't have any concerns there. I've consumed a whole food plant based diet solely for the last 2 years (no oil), have 6-pack abs again, low body fat, don't drink, and in general have a healthy life hence the focus on muscular imbalances/flexibility/mobility. + +I have not tried Pilates. I haven't done yoga in quite a while and never really felt like it was helpful, but perhaps I just didn't try it long enough. I feel like the lack of flexibility hinders me from even starting due to the inability to do the starting positions. + +There were many great suggestions here. Thank you all very much for taking the time to make recommendations. My back and children's play time thank you. +BTI, MO, PM are 3 tobacco firms that I currently track. I find them all to be extreme value plays ( cheap on metric base and are all companies that get consistent cash flow year after year ). What are your thoughts on the matter +The OPEC+ deal has collapsed, causing lower oil prices (atleast for the short term). Asia is an oil importer, so the markets should have celebrated this news. But Japan, HK markets have still fallen (Indian markets yet to open today). Why ? + +Of course, I am aware of the impact Coronovirus is causing globally. That is not new, the OPEC+ deal breakdown is new. Hence my question. +The CBO's monthly budget report was recently brought to my attention. It shows that tax receipts have increased by $14B from 2017 to 2018: [https://www.cbo.gov/system/files?file=2018-11/54647-MBR.pdf](https://www.cbo.gov/system/files?file=2018-11/54647-MBR.pdf). Granted the overlays increased too leading to an increased deficit, but my understanding is that that has to do with our increased military budget, not the tax cut. + +Did supply side economics work? Or am I missing something? I thought the idea that tax cuts could pay for themselves had been mostly abandoned by economists. +I live in my primary residence right now. It would be a great rental, if I refinanced with the current low rates which would drop my payment $200 a month. + +... After I do this however, I'd want to immediately rent it out and purchase a new primary for myself to live in. + +I do not want to live in it for another 12 months. + +If I refinance my current primary (as a primary), immediately rent it out, and then purchase a new home 1 month later... Will I be able to find lenders that allow me to do this? +Hello, + +I bought an old 4plex 2 years ago and it cashflows well, but the maintenance is obscene. Eating up a fair portion of the cashflow each month. + +For example: I had 3 different AC unit failures due to 108 degree heat each one 2 weeks apart. Their capacitor's exploded due to 108 degree heat outside and direct sun. So it was two $300 fixes and one $100 service call. So that was $700 one month. + +The prior month I had the plumbing back up and augured for $500. + +The month before that I had a drain leak under one sink and a laundry hose leak in another unit. + +&#x200B; + +&#x200B; + +For my next 4plex of similar age, I feel like bringing in a contractor up front and replacing everything at the outset. + +* Replace all faucets. +* Replace all under sink plumbing. +* Remove garbage disposals. +* Service all AC units (replace capacitors depending on age) +* Replace all toilet flappers +* Replace all laundry unit hoses + +&#x200B; + +I feel like I could lower the cost of a lot of my "urgent" maintenance if I just replaced everything up front when I buy the next property. + +Does any do this? The costs are so much higher when there's an active leak and I have to get a handyman or plumber out on <12 hr notice. + +&#x200B; + +How do you keep multifamily expenses lower? + +&#x200B; + +I am not at the scale where I have a crew, just a handful of people I call routinely. + +My super-reliable handyman gets expensive and my cheap handyman doesn't reliably show up in an emergency. + +&#x200B; + +Info: + +Bought for $550k + +Rents: $4600 + +Cashflow about $1300/mo before maintenance/repairs + +Principal pay down $800/mo + +&#x200B; + +Felt like a decent investment due to a good appreciating area, but the maintenance has flipped my perception the other way. + +&#x200B; + +Looking for advice. +I'm somewhat new to trading, but with a decent amount of experience also. I see people managing to profit huge amounts despite using such small accounts. For example I read about one trader making $90 in a day off of a $300 account. What exactly am I missing that people are able to profit so much in a day from very small accounts? Any ideas/help would be appreciated! +Yesterday I attempted to purchase shares through IEX, the order seemed to have gone through and thought nothing of it for the rest of the day. I check the ticker after hours and see the massive price jump so I hop on Fidelity, as is my ritual. I see under activity that my order has been cancelled, so I call fidelity and get transferred to the relevant dept. The rep is extremely courteous and goes out of his way to help, but cannot figure out what went wrong, I'm told he will call me in the morning after he and his supervisor can't figure out what the issue was. This morning I get a call from Fidelity telling me that IEX could not fill my order as there were no available shares. I told him thank you for finding the issue and asked if he could send me an email explanation for my records. I was told due to this being an internal communication he could not send a confirmation email. Can anyone help with this? + +edit:Rep mentioned he has never seen an issue like this before +edit 2: my order https://imgur.com/a/nJ133G9 +In **September 2021 it would cover 7%**, so I think it’s significant progress. In January this year, I bought a flat on the mortgage, renovated from my savings, and on 30.9.2022 I just had the best wedding. So from now on, I expect expenses to get under control and I can start putting more money into stocks. The recent bear market makes it great timing in my opinion. To be precise, my expenses were 2320 EUR in September, and in dividends, I got 254 EUR. This is what my quarterly dividends look like: + +[quarterly dividends dividend portfolio](https://preview.redd.it/v2uq5mtg9lr91.png?width=2226&format=png&auto=webp&s=43afd6495d3c539192336e385aa1ae40c131ea07) + +In 2022 my portfolio is **-22.84%** down (-10.84% in September) and with me being 32 years old, seems like a perfect time to double down on buying more quality dividends stocks. :) + +[heatmap of dividend portfolio September 2022](https://preview.redd.it/c6uzw58l9lr91.png?width=2270&format=png&auto=webp&s=fdfc0a1ac871099886e66c9a810a40137ea233ba) + +Posting this as Personal goal flair, so my portfolio value is currently $56,565.52 and here is my [full dividend portfolio](https://www.digrin.com/portfolio/24-dividend-growth-investing/). + +**What is the percentage of living costs that would be covered by dividends in September 2022 for you?** +GME at close was $128. I believe after the splividend we will see FOMO and Apes buying everything they can, pushing the price up fast. Well be back over $100 before you can say apple pie. If you assume that your 1 share now is already 4 @ $32 each, then it will likely never be this cheap again, especially with the imminent marketplace launch. + +Load up while you can at these discount prices!! + +Buy, hold, DRS. Power to the creators, power to the players. + +Edit: wow this blew up. Thanks for all the awards (and Sneks!) +Hey guys it's my first time posting on here so excuse if the format isn't proper 😅 So my father has a 401k through his current employer and he recently discovered that they haven't been putting money into his account for the last 4-5 years( has been employed there for 14 years) what options does he have? + +Thanks in advance! +My friend's mom died recently. His parents had a terrible habit of buying one, two, five, ten shares of a particular stock, then moving on to something else and repeating the process. This went on for nearly fifty years. + +Last year, as her power of attorney, he cashed 152 dividend checks all under five or ten bucks each. + +A lot of the stocks were never configured properly with their trust name or a beneficiary listed. Many stock certificates are missing. The effort involved to fix this and sell all the stock will probably take years to resolve. He estimates the total value is between $50K and $100K. + +I suggested the obvious by going for the most valuable first. Correct me if I'm wrong, but if he stops cashing the dividend checks, won't the dividends and the stock eventually be turned over to the state as unclaimed property? Would it be easier to cash it out there? Do you have a better idea? +Hello PF, I bought some shoes from Macy's, they broke after two weeks of use. The warranty at Macy's is 180 days, but when I tried to return them (with the receipt), they told me they don't have returns for broken products. I didn't wear them through a swamp or anything; they're dress shoes, and the laces snapped, back of the heel wore out, and the shoe separated from the bottom after two weeks of regular usage. + +If Macy's will not issue a return, can I file for a chargeback under ['Not as Described'](https://chargebacks911.com/knowledge-base/product-not-as-described-chargebacks/), since these were sold as regular dress shoes? Would this affect my credit, and how long would it take for a return? Or am I better off just eating the purchase and buying elsewhere. + +Thanks so much for your advice. + + +EDIT: Thanks again everyone for your input, I appreciate it. For everyone wondering, [these](https://www.macys.com/shop/product/alfani-mens-turner-chukka-boot-created-for-macys?ID=4876085) are the shoes in question. I get that they're cheap shoes, but they were $45 when I got them, and they're falling apart after 2 weeks. It looks like the consensus is to go back, re-iterate my case with someone above the shoe department person, then take a trip to /r/malefashionadvice/. + + +UPDATE: Good news everyone! The manager processed my return. Frustrating it took a half hour of my time, but here we are. Learned a few good finance lessons: + +1. Don't buy at Macy's +2. Don't buy cheap shoes 2-3 times a year ; buy a good pair once every five years +3. Ask for the manager. + +Thanks all! +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! + +Because that's what they'll ask of you. + +When the price reaches $100, they'll ask you to be reasonable. + +When the price reaches $1000, they'll beg you to be reasonable. + +When the price reaches $10,000, they'll try to force you you to be reasonable. + +But have they been reasonable? + +Were they reasonable when they gave mind-bogglingly stupid loans in 2008 to pump their profits, thereby causing our small worlds to crumble in the process? Did they come out scathed, homeless, and jobless from that ordeal, or did they use that as an opportunity to buy and own even more of what we could no longer afford? + +Were they reasonable when they shorted promising medical research companies into the dirt, purely because they stood to *cure* people of their illnesses instead of keeping them on an ever increasing dosage of status quo, for-profit, medicine? + +Were they reasonable by putting real people, with real families, out of real jobs, by killing the companies they work for, all the while contributing nothing to society like the parasites that they are? + +In the last two years, were any of them reasonable with their unjustified price increases, their stock buybacks, and their real estate vulturing? + +They caused this inflation, they took even more control away from us, and they seek to become like kings of old with their land baroning. They want to turn your entire life into a subscription service to them. + +And who are *they,* you ask? Because I know, the line does get murky sometimes. But I see it clear as day. *They* are the rich. It doesn't matter if they're the CEO of a fortune 500 company, a hedgefund manager, or a corrupt politician on the thinly veiled take. If they are generationally wealthy, then their interests **do not** align with yours, and they never will. + +Just remember, you didn't cause this. Their hate for you, their spite, their pride, and their unfathomable greed caused this. We have one *single* chance to wrest back control from the 'elite', without the need for blood or violence, and this is it. + +When it comes time, and this sub is closed down, and they're asking for you to be reasonable; please, I beg of you, *don't be.* You hold, and you hold, and you keep holding until you're damn sure that you can change the world around you for the better. + +Because that's what you need to do, that's what we all need to do; be better than them. +Bernie Sanders has unveiled a national rent control plan. Capping annual increases at 3% or rate of inflation, whichever is higher. + +Would this substantially impact your business or cause you to make any strategy changes? + +I'm newish in REI with 2 SFH so far in an area without rent control. Wondering what more experienced investors think about this. + +https://www.reviewjournal.com/news/politics-and-government/bernie-sanders-reveals-national-rent-control-plan-in-las-vegas-1848660/ +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! + +Investor Warren Buffett and JP Morgan Chase's Jamie Dimon are encouraging public companies to stop predicting their quarterly earnings and focus on long-term goals. + +https://www.cnbc.com/2018/06/07/the-associated-press-buffett-dimon-urge-end-to-quarterly-profit-forecasts.html +Sen Warner who was behind the WH supported amendment has introduced a last minute amanedment + +This removes "proof of work" from the validations exception. This means proof of stake validators are also exempted, if this passes. + +But it still does not contain the exception for protocol and wallet developers. This is the important aspect that needs to be included as an exception, as it is impossible for protocol developers/wallet developers etc to KYC their users. + +Keep calling and asking your Senators to do the right thing. + +Watch the Senate proceedings here: https://www.senate.gov/legislative/floor_activity_pail.htm + +Follow the Senators votes here: https://didtheyvoteagainst.me/ + +Update: Senator Steve Daines, from Montana has tweeted in favor of the Wyden-Lummis-Toomey Amendment! + +Jeff Stein (Washington Post) says additional changes are still expected before the vote. + +Senator Ted Cruz, Senator Marsha Blackburn are committed to Wyden/Lummis/Toomey Amendment + + +**UPDATE**: The latest amended text specifically carves out exceptions for both proof of work, and proof of stake. By name, it mentions these 2 consensus as mining and staking. Other consensus mechanisms aren't mentioned. Still no exception for developers - which is still KEY. + +**Senate breaks filibuster to advance $1.2 trillion infrastructure package.** + +**UPDATES:** WaPo reporter claiming further amendments are due! Wtf?! +They are really legislating about things they have no clue about. Apart from PoW and PoS, there is proof of history, proof of capacity, proof of storage.. so many new technologies that are being built. How does Sen Warner and his staff even know about any of this, do they have crypto experts on their team? This is just a farce! +Hi all, there was a recent post about celebrating milestones and it got me thinking. The milestones I considered and have mapped up going forward in my journey are not NW amounts but rather events that seem material in achieving my goals. My milestones have all been linked to either the financial performance of my businesses (breaking different size thresholds), transactions I have been part of or the success of some smaller projects I have set my mind on - even if they do not move the needle in the big scheme of things. + +What would you guys say have been the milestones in your FATFIRE journey? Are they purely NW linked? Do you keep a roadmap of what you want to achieve to stay motivated? +I personally don't, and believe that factors more subtle and more powerful than numbers are much more important for investment success. Obviously, numbers are useful, but I think they are over-emphasised. + +Inviting debate, discussion and a critique of my thought process. + +I have 4 simple reasons for my statement, from my own readings and thinking: + +&#x200B; + +**Numbers do not adequately capture the full picture/reality** + +Simply put, human senses are limited. So the information gathered by the brain is limited. That means humans will always have a limited view of reality, and whatever measures of reality they generate will also be limited. + +Numbers are a case in point. So at best, numbers can only make up a part of the investment decision-making process... because they can, at best, only understand a part of what is really happening. + +&#x200B; + +**Numbers do not capture the impact your decision-making will have on YOU** + +Best illustrated by an example. Let us say I screen companies using some traditional filters and pick one that looks decent. + +If it goes up and I record a big profit, I will always remember that. I will always be tempted to try that again... all my life. + +There is no number or numerical filter that captures this tendency. I cannot neatly measure and predict the degree to which this temptation will influence my future decisions. + +I can also not measure my ability to resist this temptation, whether short-term or long-term. + +But as you can see, it is very, very powerful and ever-present. It is much more influential in my thought process compared to almost any other factor because of the innate human tendency to try what has worked in the past. + +Investment is so random that every company's and industry's context/background keeps shifting, changing. That means every company has to be analysed from a fresh perspective every time. + +If I don't understand the implications a decision I take has on me, I'm ignoring the cyclical feedback loop that occurs every time I make a decision. + +&#x200B; + +**Numbers don't tell you what they are leaving out** + +Defining something means cutting it away. Separation is a necessary component of definition. + +But trying to tightly define something is very risky, particularly in a changeable field like investing because we don't exactly know what we are cutting out. That means we cannot understand the impact of what we are cutting out on our investments. + +For example, beta measures volatility of a stock. But it was only after value investors started talking about Beta's shortcomings that we could understand that it was seriously flawed. + +It does not remotely measure risk, but I doubt that many mainstream analysts properly understood that. Separating volatility from risk properly every time in the decision-making process is very slow and mentally tiring. + +&#x200B; + +**More difficult to detect underlying assumptions with numbers** + +Every single statement humans make will have underlying assumptions which make that statement possible. However, we usually do not have the time to coldly and rationally examine those assumptions. + +Examining those assumptions is important because they are much more powerful than the actual statements. Done correctly, the examination of assumptions will guide us much better than those statements themselves. + +If the assumptions are reasonable and stand up to scrutiny, we can be reasonably sure that we are on the right track. + +For example, companies are often valued in the mainstream by book value. + +However, there are very powerful hidden assumptions lying under that simple number. Once we start twisting and turning them under the microscope, some valuable knowledge is revealed. + +Assumption 1: Book value is a good measure of a company's worth. + +Assumption 2: Companies can sell their assets at stated book value if trouble arises. + +Examination: + +What if book value is not a good measure of a company's assets, or worth? + +It is a simple statement that the average investor relies on book value as a measure of a company's worth. Yet, in large part, the average investor's CAGR is not meaningful enough to increase his wealth drastically over the years, which is what every investor wants. + +So at least a part of that is caused by his reliance on book value. + +As for the second assumption, just try selling your used laptop on OLX. But before you do, just imagine that that laptop is part of a company's assets, and that the company's valuation is in part based on how much that laptop is valued at. + +So what would a typical CEO do? What are his incentives? + +His goal is to increase his company's value so that he gets paid more. Where do you think his incentives are leading him? + +Of course, to inflate the company's value by overstating that laptop's value. Obviously, when I try and sell it on OLX, it is going to go for far less. + +This entire mechanism is what results in some successful people only doing business with good people. Because it takes a lot of willpower to ignore perverse incentives, and not everybody can. + +Now if you want to cause some more mental pain to yourself, the entire paragraph above also has some implicit assumptions. For example, by asking the question of book value not being a good measure of a company's assets or worth, one would assume that book value is never a good measure. + +I'm sure that that is not the case. There are always exceptions, reality is stranger than fiction. + +Exceptions are powerful too. So we can logically deduce that at least in some exceptional situations, book value may of use. + +So by such thorough and mentally painstaking examination we can arrive at the conclusion that book value is just one numerical measure among many, is often not useful, but may be of use in exceptional situations. + +What those exceptional situations are, I do not know. But I would prefer not discarding variables so easily either - nobody knows everything. + +&#x200B; + +**Conclusion** + +Now we can examine the average investor's decision-making style. + +Most investors conduct some analysis of their own based on notions such as book value, mistaking it for fundamental analysis. Of course, it is based mostly on numbers and unexamined assumptions. + +Then they look at the supposed experts. These supposed experts also rely on increasingly niche and arcane numbers and measures, which I'm not sure correlate perfectly with reality. + +Smarter investors fall for this trap too. The higher the abstraction capacity of the individual, the more complex the numbers get. + +But the medium of analysis, which is numerical, never changes. Numbers don't become supplementary, they become the prism through which every investment is viewed. + +Then the investor proceeds to make his decision. But his decision is often faulty because it is based on extremely weak foundations. + +In that sense, I would say this is why investing is so tough. Everything is based upon layers and layers of information/perception, and the investor has to make sure to peel as many layers as possible and know just how important each layer is to that particular situation. + +Unless the investor knows that, it will not be a good investment decision. More importantly, his future decision-making will be compromised, priming him for further losses. + +Here is an old and famous quote, which is actually misquoted: + +*"Jack of all trades, master of none."* + +The full quote is "*Jack of all trades, master of none, but oftentimes better than a master of one."* + +Analogically speaking, the average investor will be better served by not relying only on numbers, or else he/she, even after prolonged and excellent effort, will just be a master of one. + +Please critique. +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. +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! + +After the CryptoKitties and Gods Unchained announcement that they've partnered to allow IP to cross over between games, i've realized how incredibly powerful interoperability can be. + +The ability to provably associate the assets and achievements a gamer possess, and repurpose those to provide value in other games and environments is truly a mind-blowing concept for gamers, and an entirely new marketing channel for publishers (specifically indies who can appeal to larger user-bases). + +I'm curious if you guys think it will be a main driver of adoption for dapps versus their traditional gaming counterparts. + +Reference to the CryptoKitties / Gods Unchained partnership: https://www.ethnews.com/cryptocollectible-collaboration-cryptokitties-and-gods-unchained-create-crossover-items +I live in the USA, which has provided ample opportunity to earn money, but I can't help but be enticed by the high quality of life offered by non-US cities. Is it worth it to relocate? Does fat-FIRE level in USA basically get you what you need at a comparable level overseas? + +Has anyone else relocated internationally and if so, what was the experience like? Any advice or regrets? +I'm just mentioning it here be aware that usually stocks move alot (in either direction, paradox hurt me last month uff) after their earning calls so now is a good time to make sure you know what you're doing and this stock has been mentioned alot by people here. + +There's nothing wrong with reducing your position if you're afraid of the risk or do the opposite if you're confident, just please don't risk anything that you can't afford to lose either way. +I have the cash on hand so I’d like to sign up for a travel rewards card of some sort to make this purchase with in order to take advantage of their teaser rewards. Whatever will yield the most in either airfare or hotel stays is what I’m after. +I have in hand a printed quote for a used car, from the dealer, handed to me by a salesman who told me verbally the price was good. I came back today to finalize things and, having a final price, dropped that I had secured financing through my bank. The finance manager immediately replied that the quoted price was only good if I financed through them. Now, I have no strong desire to have a second hard credit pull in my record, and I suspect my bank’s rate will blow theirs out of the water. I understand I can walk, but I also drove 200 miles to get this car. How should I respond? + +EDIT: Thank you all so much for the advice; I literally dashed this post off in 30 seconds while having a mild panic attack in the car (not the car I was buying), so to come back to this outpouring of support was wildly unreal. I ended up going the route of applying for their financing and then immediately refinancing, after confirming there are no early payment fees, so I’m spending today calling around and getting new rates. So far it seems like I probably won’t quite match my bank’s initial rate, but I’ll get much closer than the dealer offered, and honestly I don’t feel too remiss about paying an extra few hundred for this car. + +(Now, had I known more about the extended warranty bs, I could’ve saved a whole lot more money…but really that one’s on me. A valuable lesson for a first-time car buyer.) +I'm new to the thetagang and I've started to sell CSP's in the hopes of wheeling. I learn best by doing and I'm learning a TON! + +A few days ago I thought I would experiment with SNDL to see if I could reap some benefits of these insane IV's. I bought 1000 shares ($1.38) to sell $2 CC's at around 300%+ IV. + +Now, with the market dropping, I can buy-out of these with a 50%+ gain after only 2 days into the 24DTE contract. + +Is it advised to sell now and wait until there's some upward movement? I'm bullish that there will be someday given the volatility of this meme stonk. OR, do I sit on it and let theta deliver her sweet nectar unto my account? + +Thanks! +I would like to hear more from some of you if you have experience on HFT systems. + +Understandably, I know that most of the top firms in the arena are multi-million dollar systems and it might be hard to make a profit today especially with how much systems have advanced. + +I’d still be curious to see if it’s possible to still enter as a small size market maker or if it’s probably better to join a prop firm or larger market maker today. + +I remember reading that quant firms like Citadel and Renaissance Technologies had the advantage of being first movers. The more technology developed, the more they secured their spots in the industry. + +But is it still possible? If so how? Strategies like being a market maker that can buy up entire or large chunks of a security are probably not for a small shop, but what would be? + +I’d love to hear more if you have advice on learning more about becoming some form of a liquidity provider for an exchange like the CBOE. + +Thanks! +As the title states, my mom died unexpectedly. She was a single mother and Im her only child. All this has been very rough for me and Im trying to get by. Im not very close with her family as she was distant from them. I remember her telling me she had a life insurance policy but idk who it was with or for how much? Expenses are piling up and i want to know what I can do moving forward to locate it/confirm that it exists. +Hi! I'm 33 living in Czech Republic. I want to start investing for retirement and want to spend as little time and effort as possible doing it. +I'm thinking of starting with €1000 initial sum and then do monthly €100. And more when I get comfortable with this and see how things work. +From my limited research ETFs (accumulating ones) seem like the best option for me as I would avoid taxation and suffer relatively low fees only. And ETFmatic seems like a good fit as I don't really have the desire to be a very active or involved investor. +My questions are: + +1) Is there a better option than ETFmatic for what I'm planning to do as a small passive investor? +2) I came across the name Degiro when reading reddit and looking for other low fee options. What's the difference for me compared to ETFmatic? Would I have to be more informed and involved to start investing there? +3) Is there something else I should learn about before I actually start sending money somewhere? + +Investing is definitely not something I'm passionate about and I probably should have started a long time ago. It just seemed like such a daunting task with so much to learn that I kept postponing it. So, any help will be much appreciated so that I finally actually start doing it. +Thank you! +/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 +Hey guys, I am new to ETFs and I wanna invest in one makes a decent divident( per month if possible). Right now I have $600US as my budget as things are really tight with me. Also, I would like to know would it be more profitable/reasonable to buy a growth driven ETF to such a budget +I've wrestled with the idea of selling my ARK funds because I know the dangers of being emotional about a portfolio and selling when you're down. (I'm only down 14% in this correction given that ARKK was not my entire portfolio.) + +The question now is whether rising interest rates and incoming inflation mean that growth is falling out of style. I'm still sitting on really healthy profits from ARKK and so part of me wants to take my money and call it a day. I'm just conflicted because I can't make up my mind on whether I'm selling because market fundamentals are changing or for emotional reasons (which I know must be avoided at all costs). + +Peter Lynch wrote that you should only sell when the fundamentals change. The question now is whether the market fundamentals have changes so much that growth investing no longer work. I'm a great believer in doing what works at a given time. Deng Xiaoping had a great saying "It doesn't matter if a cat is black or white as long as it catches mice." Over the past decade growth investing has worked tremendously while stubborn value investors have suffered meagre returns. To me, the best thing is to switch your investing style with the times rather than to stubbornly stick to an out of style approach. Does growth investing no longer catch mice, is the question. +I work at a communications department that handles a lot of print work. I'm one of 5 graphic designers, all of which send several large, expensive jobs to print on a weekly basis. The way our process works, we get the specs for a piece and while we are designing the artwork, the piece is sent out to several printers on bid. Whoever winds the bid, obviously, gets the work. + +Well, recently we've gotten a new printer added to our bid list who has been winning all of our jobs by a LANDSLIDE. Each quote they give is substantially lower than they other printers. Upon inquiry, I discovered that the printer who was winning all our work was the prison! + +Now, I'm 100% for teaching prisoners skills and allowing them to work, but the reason they can charge so little is because they pay the prisoners next to nothing (I couldn't figure out how much this particular industry pays the prisoners, but research found they generally make 50 cents to $2 an hour) As a matter of fact, I read that Honda has paid inmates $2 an hour for doing the same work an auto worker would get paid $20 to $30 an hour to do! That's just insane. Upon further reading, I learned prisons have their hands in MANY industries from clothing production to telemarketing! After the initial outrage settled, I started to think about just how fucked up this situation is. + +Not only are prisoners being seriously exploited, but legitimate businesses who PAY THEIR EMPLOYEES are losing thousands of dollars in business per month- this is clear just from my personal experience.. local printers are losing thousands of dollars a month in just my little area! At this rate, I'm not sure how many of them will stay afloat for long. + +Next, we have people and clients in my office who are THRILLED at the savings. They will talk about how much they are saving and how wonderful the saving is "in this economy" while essentially helping to put businesses under the ground. (this is doubly infuriating because I work for a publicly funded institution so taxpayer dollars gets recycled and goes to the prison industry as profit) + +So now we have worker/prisoner exploitation and economic disaster! great. But that's not it. This private prison industry also promotes the obtaining of prisoners in the first place! Arresting people now seems to me like some sort of sick hiring process instead of punishment for legitimate crime. + +Here is one article I found on it. http://www.wsws.org/articles/2000/may2000/pris-m08.shtml + +There are many more if you google. + +I just thought it was crazy that this is affecting an average city in the south o drastically... I can't imagine the extent of the corruption across the whole USA. + + +This is just my opinion and reaction to a situation I've recently discovered. If I am wrong, or there is valuable information I don't know.. please inform me. + +TL:DR- Prisons are essentially slave labor camps and an industry that is stealing business from legitimate companies, exploiting workers and helping to destroy our economy. +the squeeze is inevitable and while we are quibbling about the floor I figured this was probably the most important information FOR ALL APES TO KNOW. During the squeeze, I would be shocked if all the bid prices magically vanish. Why is that relevant? if the price is climbing rapidly and starts hitting 1k, 10k, 100k, 1m, 10m, etc and you apes start getting really excited, you're thinking hmM MaYbE I ShOuLd SeLl now, and then press the big red sell button on your app, what happens. simply: the order gets filled at the highest bid, well if the hedgies are being liquidated on market orders but the retail buy order of 255$ is still sitting there even though the displayed price is $69696969 guess what. you just sold at 255$. !!!! bUt tHe pRiCe was 69429420! but you decided to use a market order. A limit order is a type of order that Guarantees the price is filled at that level or better, so if your limit order is 10mil you will not get filled for a single share below that (but you may get higher sell prices :)) this is also literally what the "ask price" is, limit orders sitting there waiting. Now some of you might be scared, now this is mostly fine because of gap filling, if someone does this it will trigger 1 hell of a halt but the continual market orders from the hedgie liquidation will continue filling back at the millions, this will simply increase the number of halts we experience. but most importantly you just sold at 255 NOT 10m so be careful out there apes. The sell limit order is like a triple-layered condom, protect yourself during the squeeze. + + +Edit: for people talking about Take Profit and Stop Loss orders, they are actually hidden market orders with stop prices. basically once the price is reached they become market orders which could leave with the same problem described above. + + +For anyone with a broker that currently doesn't offer sell limit orders, I believe it to be a very good idea in your own interest to look into other brokers that do offer sell limit orders and consider transferring or opening another account and buying there. don't want to see people miss the squeeze cause of a shitty broker. + + +TL: DR USE A GODDAMN SELL LIMIT ORDER OR YOU WILL RESET THE SQUEEZE AND MISS OUT ON TENDIES + + +NOT FINANCIAL ADVICE, I Just like the stock and the people in the community <3 +\*Disclaimer: I am not a financial advisor and I am not offering you financial advice. I am also not telling you to purchase any of the securities listed below as their was some "real" short interest covering during the referenced times below. + +**TL;dr** Hedgies never covered GME and we're going to see this by reviewing the below information on heavily shorted stocks from 2020. + +A Disney movie taught me, you can't know where you're going without knowing where you've been, and I would 100% agree with that thesis. + +I compared the statistics of 75 of the most heavily shorted stocks in 2020 and found some interesting information that leads me to believe it would be IMPOSSIBLE for shorts to have covered all of their exposed short interest as share prices trended upwards from March, 2020 - January 2021 due to increased retail trading. All of these stocks were listed with 24% short interest or more of shares outstanding at some point during 2020. This is probably not a complete list. + +# Heavily Shorted Stocks + +I found an article talking about heavily shorted stocks in 2020 so I decided to take a peek down the rabbit hole... I fell a long ways. Now, it's your turn! In early 2018 the FED began the reversal of quantative easing (QE) (QE is aimed to increase money supply in order to "stimulate" the economy) to quantative tightening (QT) (QT is aimed to decrease the amount of liquidity within the economy). This plan lasted until early 2019 when the FED noticed the negative effects on the market, and pumped the brakes on QT, turning back to QE to keep our economy and markets from tanking. During QT, the economy looked to be on a decline so bears came out of hibernation and began shorting A LOT of different stocks at ***heavy*** rates. We often hear about the "losses" that shorters suffer, but we need to keep in mind those loses are "unrealized" until the short position is actually closed, and there is no time limit to close a short position... This note will be important later on. We can also notice some patterns forming with quite a few of these securities after their "squeeze", similar to that of GME. Remember, GME SI% was incredibly high compared to the other stocks on this list. I also have evidence of what I believe to be real price discovery on a few of these stocks after short interest was truly removed, though this is a small minority. + +I did not realize how much of a cancer short interest, even a small amount, can be on a stock price until I started looking at the deep history of these stocks, their pricing, and their amount of short interest. It would almost seem as if, once SI is introduced, SI is responsible for price discovery as there is a complete inverse relation nearly all of the time, but that's a story for a different day. + +Here's the list of the heavily shorted stocks: + +[75 Heavily Shorted Stocks from 2020](https://preview.redd.it/88lk4hkcdjr71.jpg?width=1199&format=pjpg&auto=webp&s=5c8ed12cdae8a706710c84658bf26ac59ca5955c) + +Below, are the articles that I originally found that started this journey. I crosschecked their SI% with the SI% on ycharts and used ycharts information. The February, 2020 article actually calls out naked shorting of GME like it's no big deal: *"One explanation for how it's possible that the short interest can equal nearly all existing shares is that the stock held by institutions is loaned through a securities lending program. In this scenario, a corresponding buyer of those shorted shares subsequently lends the shares again, and those same shares are shorted multiple times."* Just naked shorting... + +[https://Beekingalpha.com/article/4322003-heavily-shorted-stocks-february-2020](https://Beekingalpha.com/article/4322003-heavily-shorted-stocks-february-2020) (replace the capital "B" with an "s" + +[https://Beekingalpha.com/article/4379061-heavily-shorted-stocks-october-2020](https://seekingalpha.com/article/4379061-heavily-shorted-stocks-october-2020) (replace the captial "B" with an "s" + +Another couple highlights from the Feb, 2020 article: + +*"2019 was difficult for short-sellers considering what ended up being a historically strong year for the broader equity market with the S&P 500 (*[*SPY*](https://seekingalpha.com/symbol/SPY?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link)*) returning 31%. Indeed, any bearish thesis based on an expectation that the U.S. and or global economy would spiral into a recession simply did not pan out or at least has not yet. The combination of supportive monetary policy, better than expected corporate earnings, and otherwise resilient economic growth was able to push stocks over the proverbial 'wall of worry' compared to fears in the first part of last year."* + +*"In many cases, climbing short interest has been a multi-year trend for these companies with the stocks down by even larger amounts from their all-time high going back many years. It's fair to say that a poor stock price performance simply attracts more bearish sentiment."* + +Bears are getting hungry. + +Let's break down a few highlights from the 75 heavily shorted stocks: + +1. 24 of the 75 stocks had a sharp run-up occur from 1/25 - 1/29/2021 similar to that of GME's on 1/27, albeit smaller run-ups. Some have trended up and some down from these spikes. +2. Nearly all of the stocks had a similar price spike in the weeks preceeding and the weeks after 1/27/2021. +3. 54 of these 75 stocks had their share price grow by more than 50% from bottoms in February and March of 2020 compared to their peak prices in January or February of 2021. + 1. 40 of those stocks saw their share price increase by more than 100%. +4. A LOT of short interest was "covered" from 12/30/20 - 2/15/21 (when most of the stocks were entering their peaks). +5. It wasn't all losing for the SHF's as 14 of these companies were delisted (due to buyout), bankruptcy, or the stock trading under $1 (which can remove it from NYSE/NASDAQ listing if it stays low). +6. It does appear that there was some real covering on some of these securites, probably those SHF's who could still make a profit, and some small loses, BUT short interest exposure far outweights any profits. +7. Had all of this short interest actually been covered/closed we would have seen a major drop in FINRA's reported margin debt statistics. Instead, we've seen a GIANT margin debt ERECTION since March, 2020 (when these stock prices began trending upwards) which has continued to rise since everything was cOvErEd. + +Here is average share price of these stocks from 3/2020 - 9/2020 (The bold red line is the trend line for all): + +[data from ycharts.com](https://preview.redd.it/wyhj4amxphr71.jpg?width=1063&format=pjpg&auto=webp&s=0a4829eb92b23d149a69d4fc8a9f2d2c89cb4fa0) + +Average share price is growing over time. + +Here is the average short interest % of outstanding shares during the same time period (The bold red line is the trend line for all): + +[data from ycharts.com](https://preview.redd.it/aymoqez6qhr71.jpg?width=976&format=pjpg&auto=webp&s=79383dfce79978dd64f885ca0ebf27065dcc843e) + +A lot of these securities experienced extreme drops in March, 2020 where short interest was piled on some of these. Average short interest for the group during these time periods are as follows: + +3/13/20: 27.95% + +6/30/20: 27.80% + +9/30/20: 27.95% + +If share prices are going up wouldn't that be bad for the shorts? Correct. Quite a few of the securities on this list actually saw an increase in SI% while the stock price was trending up (GME being the prime example, increase from 84.25% on 6/30/20 to 105.30% on 9/30/20 while the share price trended up from $4.80 - $10.35). + +Let's get to the fun stuff. Heavily shorted stocks share pricing and SI% of all shares outstanding near the run-up dates (all data from [ycharts.com](https://ycharts.com)): + +[Group 1 of 1\/27\/21 Share Price Run-Ups](https://preview.redd.it/ky5nfjk9bgr71.jpg?width=1113&format=pjpg&auto=webp&s=9cd78992d4bee1d432fa68bc23a839181a951465) + +[Reported Short Interest 1\/29\/21 \(My closing out at the peaks must have been EXPENSIVE\)](https://preview.redd.it/ynl2gjvibgr71.jpg?width=1114&format=pjpg&auto=webp&s=fd24f3aae005ed8cf6111bf0768fa1a2062e5b7e) + +As can be seen, the share prices and SI% correlation seems to indicate a short squeeze took place on all these stocks... But wait, THERE'S MOOOORE. + +[Group 2 of 1\/27\/21 Share Price Run-ups... Maybe you're already seeing some correlating prices post 1\/27\/21? But, I thought tHeY cOvErEd? \(Look at 3\/21 and 6\/21\)](https://preview.redd.it/p3jxjeqsbgr71.jpg?width=1225&format=pjpg&auto=webp&s=f96fb7383c0a817c4cf8e5417a44fdc06521f2b2) + +[Reported Short Interest 1\/29\/21... Covering a buttload of shorts](https://preview.redd.it/kf0cswwybgr71.jpg?width=1117&format=pjpg&auto=webp&s=9086b0a61ca2af3b8a10fc9aa5c2c0920457869d) + +[Group 3 of 1\/27\/21 Share Price Run-Ups. Boy, I'm still seeing some correlating patterns](https://preview.redd.it/z142h3y9dgr71.jpg?width=1223&format=pjpg&auto=webp&s=76ab2c4cbcf6667220aa720cb909f636206f1e8b) + +[Reported Short Interest 1\/29\/21... More \\"covering\\"](https://preview.redd.it/j3l8xcjjggr71.jpg?width=1117&format=pjpg&auto=webp&s=d1c051bafedcd20afb0703457819b71eb31bc6b1) + +[Group 4 of 1\/27\/21 Run-ups](https://preview.redd.it/ze33pagqggr71.jpg?width=1221&format=pjpg&auto=webp&s=97a767d727f1081a9df6d8dcd6a52ae438fe6f64) + +[Reported Short Interest 1\/29\/21... I said, tHey cOvErEd](https://preview.redd.it/p0gowynphgr71.jpg?width=1229&format=pjpg&auto=webp&s=1220c0712d5cce961fd67f3896ef88caffb07ad7) + +Let's take a look at a few more. Here are the 2/8 - 2/10/21 run-ups on heavily shorted stocks: + +[Group 1 of 2\/8 - 2\/10\/21 Run-ups on heavily shorted stocks... Patterns, patterns everywhere](https://preview.redd.it/a9hkmtybhgr71.jpg?width=1224&format=pjpg&auto=webp&s=9454ba0ae74eab8cdad785ce5f224063849a37fc) + +[Reported Short Interest 2\/12\/21... And... It's gone. \(1\/29 short interest is one tick back\)](https://preview.redd.it/gb06umnlhgr71.jpg?width=1345&format=pjpg&auto=webp&s=e33858e16a3c66ef6d2231cd475d0e93caa4dc8c) + +[Group 2 of 2\/8 - 2\/10\/21 Run-ups on heavily shorted stocks...](https://preview.redd.it/p9a6hxxaigr71.jpg?width=1111&format=pjpg&auto=webp&s=53185ff764b6dff6bfd525e7b4dc3a9bd7b9b3da) + +[Reported Short Interest 1\/29\/21 \(the chart says 1\/15, but the line is over 1\/29 data\)](https://preview.redd.it/lt91mlvligr71.jpg?width=1226&format=pjpg&auto=webp&s=ac8eeb01c4ee223c5cea8c69c971dc424dbea185) + +Here's some things to remember: + +* Short sales are ALWAYS held in margin accounts because you're borrowing something that isn't yours that needs to be RETURNED. +* Initial and Maintenance Margin requirements are substantially higher for short shares versus long shares opened and held in margin accounts. + * Long Margin Positions: Customer is required to put at least 50% cash down (in a margin account) and up to 50% may be borrowed. Customer equity must not sink below 25% the current market value of the securities in the account or a margin call will occur (maintenance margin). + * Short Positions: Initial cash deposited into a margin account must be equal to 150% the value of the short position being opened (1 short share at a $5.00 price would require $7.50 in margin). Maintenance margin is 125% minimally compared to current share price of the security. + +It would seem that if a lot of short positions were open, and the prices started to go up, we would see a pretty heavy spike in FINRA's reported margin debt... What's that? We have seen a giant spike since March, 2020? Interesting... Well, certainly when they closed all those leveraged short positions from December, 2020 - February, 2021 we would have seen a dramatic drop in margin debt... Wait a second, it keeps going up! This cannot be possible with the sheer amount of leveraged short positions being "closed" UNLESS there's still exposure we're not seeing. Hasn't the S&P 500 been on a rocket climb since last year? If these were margin long positions wouldn't their margin requirements be dropping, causing a decrease in margin debt? Yes, it should. I see your shorts Ken. + +[https:\/\/www.finra.org\/investors\/learn-to-invest\/advanced-investing\/margin-statistics](https://preview.redd.it/tph0gcbrahr71.jpg?width=654&format=pjpg&auto=webp&s=91adc7bf32312e8b5b4b64317833f19c5d3f98be) + +[Ruh Roh Raggy, why you not drop like a rock?](https://preview.redd.it/rni3dqgg9mr71.jpg?width=651&format=pjpg&auto=webp&s=b996c431cc4bcf4061b8ef66456e14947e8551c3) + +Okay, I've got 3 more pictures available to try and show you how I got here. First things first, as mentioned earlier, there is no time limit on how long a short position can remain open so we need to start thinking bigger picture, put on the wide view lenses to figure out price points that hedgies took out shorts to determine exposure/leverage. Here's a good example of a security I believe was allowed to unwind short interest after March, 2020: + +[10 year view RH Price \(purple\) v. RH Short Interest \(Orange\)](https://preview.redd.it/y5one094air71.jpg?width=918&format=pjpg&auto=webp&s=9c61d52456515f34901a584c882192c99ddb4ed7) + +As can be seen by the graph, from 2013 - 2015 SI was ramped up from basically nothing to about 27% SI in the $40 to $100 range. It appears they unloaded some of these positions during 2016. Not sure why the price dropped though. Short interest was then reapplied from early 2016 to late 2017 around the $25 - $80 range, but the price continued to climb which most likely made the SHF's realize they were in a losing battle. After this, short interest was gradually reduced, tapering off hard in 2020 which allowed the stock price to climb, reaching roughly $720 this year. + +Here's another shorted security where it appears short interest is being pulled back, allowing some level of actual price discovery, in comparison to GME: + +[DDS Price \(blue\), short interest \(green\) & GME Price \(purple\), short interest \(orange\)](https://preview.redd.it/0x1wh3c9bir71.jpg?width=932&format=pjpg&auto=webp&s=14a1a5288f858590c30cd1f445db3776b9a009cd) + +DDS went from a short interest of 20.19% on 12/31/2020 to 5.23% by 2/26/2021. DDS had an initial squeeze to $104.46 and has trended up ever since. That's a short interest of less than 1/5 of what GME had reported on 12/31/2020 at 109.3%, and I've got to assume GME has had a bit more buying/holding pressure than DDS over the past 10 months. This chart is my clearest indication that GME short interest has not been covered, and that some other high short interest stocks are being unwound so real price discovery can happen. + +Last image, GME short interest 5-year chart: + +[GME Price \(purple\) v, Short Interest \(orange\)](https://preview.redd.it/9r8pxib5gir71.jpg?width=953&format=pjpg&auto=webp&s=120eed8d027002c4739b0dafd7bdb3e71b9b33fc) + +GME short interest rapidly grew in late 2018 - late 2019 with a price range of roughly $16 when the shorting spree began, to a low share price of roughly $6.15 before backing off and reapplying in later 2020 with a price range of roughly $4.00 when the shorting began, to a share price of roughly $11.88 at it's peak (shorting on the way up). Anybody still think the hedgies covered? + +These seem like catastropic losses across the board. Why aren't hedgies buildings catching fire? Why margin debt continue to skyrocket? Why other securities showing major price improvements as SI% drops? + +# BECAUSE HEDGIES COULDN'T COVER GME WITHOUT GOING BANKRUPT. + +# Retail Involvement is Cause of Rising Share Prices + +Many of you are surely wondering why the prices steadily increased in 2020 while we were in the midst of you know what, and I'm not going to give you a long, complicated story because it is simple, and I've already written about it. The simple answer is it was [you.](https://www.reddit.com/r/Superstonk/comments/ok494x/the_rise_of_the_retail_investor_in_early_2020/?utm_source=share&utm_medium=web2x&context=3) Summary: There was a 95% increase in the S&P 500 trading volume in June of 2020 compared to October of 2019, and there is evidence to support that this was primarily you, the retail investor, and that instituational liquidity hadn't really improved. ATS reported trading went through the roof (where retail orders are routed) during this time, and the average trade size reduced (instead of getting 10,000 share orders, they were getting smaller orders). This trend has continued and accelerated into 2021. + +Supporting Evidence: + +[NYSE Data Insights Article](https://www.nyse.com/data-insights/market-volume-and-off-exchange-trading) + +[Trading Volume is Up from 2020's Breakneck Pace as Retail Investors Jump In](https://www.cnbc.com/2021/01/22/trading-volume-is-up-so-far-from-2020s-breakneck-pace-as-retail-investors-get-even-more-active.html) + +[Q2 2021 Retail Investing Already Outpacing 2020 Totals](https://www.businesswire.com/news/home/20210714005803/en/Q2-2021-Retail-Investing-Already-Outpacing-2020-Totals) + +# Additional Notes on Heavily Shorted Securities + +I'm all out of pictures, but here's some more information to finish this bad boy off. + +**Companies with high short interest in 2020 where the hedgies appear to have won, or are winning:** + +CRC: Filed bankruptcy October, 2020 + +WPG: Trading under $1 + +MNK: Under $1 + +GTT: Under $1 + +VAL: Filed bankruptcy 5/2021 + +AMAG: Delisted, bought by Covis Group + +MSGN: Delisted, bought by MSG Entertainment + +ERI: Delisted, merger with Ceasars Entertainment + +FIT: Delisted, bought by Google + +WDR: Delisted, bought by Macquarie + +HIIQ: Delisted, bought by Benefytt Tech + +INTEQ: Delisted + +JCPNQ: Delisted + +MIK: delisted, going private, bought by Apollo Management Group + +**Interesting Stock Price/SI% Charts to Review (remember, zoom out, sometimes to max view):** + +LGND + +SKT + +CLVS + +MAC + +M + +DVAX + +CVM + +CLF + +There's plenty more out there to review. Again, I'm not telling you to buy any of these, GME is the way, but there appears to be exposed short interest everywhere and when the debt bubble pops it'll certainly be interesting (and frightening) to watch it unfold. + +I don't care where you're hiding them Ken, whether it be in married puts/calls, swaps, FTD's, the mayo jar, etc. It's about time to pay up. You have been weighed, you have been measured, and you have been found wanting. + +Remember, don't trust information blindly. Go look into these comparison's for yourself. You can open a 7 day free trial version of ycharts anytime... Buckle up. See you on the other side of the moon. + +Tanks fo' reedin' +The report is based on an analysis of the 2014 Survey of Income and Program Participation (SIPP) data from the U.S. Census Bureau. It examines the distinct challenges posed by the current retirement system in America for working Millennials between the ages of 21 and 32. + +https://www.nirsonline.org/2018/02/new-research-finds-95-percent-of-millennials-not-saving-adequately-for-retirement/ + +**This only looks at retirement accounts through employer sponsored plan. It does not take into consideration other retirement accounts such as Traditional or Roth IRAs** + +**Access** + +* 66.2% of Millenials work for an employer that offers an employer-sponsored retirement plan +* Only 55% of these Millenials are actually eligible to participate in an employer-sponsored retirement plan +* Of those who are eligible to participate, the participation rate is at 94.2% which about the same participation rate as older generations. +* Overall, 34.3% of Millenials participate in an employer-sponsored retirement plan + + +**Participation** + +* 66.1% of working Millenials have $0 saved for retirement +* For the Millenials that have retirement account, the average balance is $67,891 and the median balance of $19,100 +* Taking into account an employer match, 14.2% of Millenials contribute 15% of more of their income into their employer-sponsored retirement plan + + +**Barriers** + +* 25.1% of Millenials are employed part-time +* Over half of Millennials have only been employed with their current employer for between one and two years (26.5%) or under one year (23.6%) +* The top three reasons for not participating are: Not enough hours (24.2%), Haven’t worked long enough (16.0%) and Can’t afford to contribute (9.3%) + +This may seem counter intuitive but if you find yourself unable to pay for rent and almost on the street, a gym membership will allow you to use a shower, a locker to put in your stuff, water and free WiFi. + +Planet fitness is my personal favorite because they’re often 24/7 so you can do this at times with lower traffic and they also serve pizza and bagels at times. + +Also: if you’re struggling with finding a job and need one immediately, look into pizzerias or local family owned businesses. A lot of them pay under the table, have a high turnover rate so they’re likely looking for people, don’t have the long and drawn out hiring processes and you’re more likely to talk directly to the owner. + + + +Edit: wow everyone, I was not expecting this much feedback but I’m glad other people have used this tip as well. Granted, it depends on where you are and how the gyms in your area function but a little research and calling can go a long way to make sure you at least have a place to shower. + +Edit 2: as someone mentioned (thank you for that) just because the place pays under the table, it does not mean you shouldn’t pay taxes. Put some of the money aside once you have enough to eat to pay in April. Not only is that fraud (uhm.... duh) but it can bite you in the ass down the line. A lot of places will ask for previous years’ tax returns and you do not want to have that hole in your tax history. Even if the IRS deals with bigger money, it does not mean that you should try to sneak by. Thanks again for that heads up. +Since every Tom and Dick seems to be throwing their TA out there, here is mine. + +https://www.tradingview.com/chart/ETHUSD/UcWpGkWV-EthUSD-Repeating-history-Idea-for-monitoring/ + +ETH is basically repeating fractals of previous bubbles over and over. + +That puts ETH at $11k-$12k by March 2019, with a sharp drop afterwards. + +In addition, Gold and Bitcoin charts after futures announcement are almost identical. + +https://medium.com/@obiwankenobit/bitcoin-futures-and-the-ghost-of-gold-81418864c961 + +$80k Bitcoin by December. + +Bitcoin is repeating it's 2013 fractal. + +https://twitter.com/NodeInvestor/status/978887451317035009 +Best thing is? My boss said she'd contact me to tell me if I am even coming in next week. So, no money for TWO WHOLE WEEKS, no paycheck coming in from ANYWHERE, and roughly $75.00 to my name. + +I'm F U C K E D + +**Edit:** It should have been *were* cut. Sorry, that was bugging me. + +**Edit:** Thanks for all the awesome replies! Stay safe, everyone (: +They’re buying the Bitcoin now at today’s prices, and it’ll be in a multisig wallet and disbursed weekly. They’re 1099ing me on the whole amount at purchase price. Waiting on the contract to be sent over. + +Is this real life? + +**edit**: Thanks for all the interest! I really love this community. + +Lots of good talk about taxes, yes they are thing, yes I know that, yes I’m prepared for it. It factors into my thinking. (I have a boating accident planned exactly 12 months from now!) (edit: surprisingly many people don’t recognize that’s a joke...) + +More importantly though, the two biggest things that recently convinced me I just had to do this, and I want to share, are: + +1) I bought something on Amazon with Bitcoin using https://paywithmoon.com/ and the process was as exciting as the first time I downloaded a song with Napster. (Edit edit: this is definitely not the company I work for btw, someone clever suggested that) + +2) I also read the piece “Masters and Slaves of Money” by Robert Breedlove (https://breedlove22.medium.com/masters-and-slaves-of-money-255ecc93404f) and it finally clicked: if someone can manufacture something for nothing and then get you to exchange your life for that thing, then you are a slave. It was true when the Europeans made aggry beads to buy Africans for the slave trade, and its true when the Federal Reserve and the Commercial Banks create monetary units by just pushing a button. Like a conscientious objector simply cannot fire a weapon, I simply cannot trade my time for slave money ever again. +I got into AQN during the pandemic at $17. By the end of 2020 it was approaching $22 and I was a very happy investor. It seemed to have resumed its post-2008 upward trend. I averaged up and doubled my position when it dipped to $19 again. + +But now it's approaching $18, and the 13 year upward trend is broken by the last 2 years literally being negative (ignoring dividends). + +I know they have had some challenges with Texas, but energy is on a rip. How are they not soaring? +So say, hypothetically I scroll through Reddits popular posts daily, and hypothetically, whenever I see r/Superstonk posts, I read a few lines in, remember I have no idea what any of it means (hypothetically) and continue scrolling. + +But then one morning there's a post telling me how people just like myself, are being stupid and with a small bit of investment could surely be a millionaire. + +Where would one hypothetically look, in order to start understanding and open up his first hypothical path into stonking? + +Edit: Just wana say a huge thank you for all the replies and people reaching out to help a young ape. +A large portion of you today were crying game over, spreading panic, fear mongering, and displaying other forms of ridiculous behavior in response to a 25% fall in the price of Bitcoin today. + +/r/bitcoin is a fairly large part of the Bitcoin community. People are watching us, some of the media is watching us. Maybe some of you should consider maturing up a bit. + +It's been said before and I will reiterate it: Don't invest more than you are willing to lose! Tattoo these words on your body! That way you can enjoy the ride rather than have panic attacks about losing your life savings and contemplating suicide. + +The price of Bitcoin is still hovering around $550-600 USD as of this post. Have you forgotten that just a few short months ago it was at $200? It's still incredibly valuable. + +If you're not invested in Bitcoin for it's potential as a currency and you don't understand the possibility that you could lose money, then do yourself and this community a favor: sell out and leave. +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) 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) +[https://imgur.com/a/i6PWTJ2](https://imgur.com/a/i6PWTJ2) + +She is 7 years old. For a year now, every Saturday she gets £1 in 10 x 10p coins and she decides how to distribute them between these three jars herself. It's really helped her understand the value of saving \- in fact, I have to encourage her to actually spend some of it instead of hoarding it all. She's got about £30 in the Save jar now, about £20 in the Give and another £20 in the Spend (her birthday money gets distributed too). When she's ready she can decide where she wants to Give money to go. +I went to checkout at the grocery store and only got a few things. Bread, pasta sauce , and guacamole. I thought I had around 20$ in my account so I thought I could afford it (it was around 12$ and my food stamps don't come in until Oct 1st). I normally go to self checkout but it was packed and the line with this cute girl at the register was the shortest. When I went to put my debit card in it said not authorized, so I asked to take the pasta sauce out and it still said not authorized. I was getting embarrased at this point and she asked if I wanted to try another card. I tried a different bank card but it said the same thing. I just said I would come by another time and I couldn't even look at her. I've been trying almost the whole year in interviews and can't get hired anywhere despite having a CS degree and work experience. My credit card is maxed out and thats another stressor. I was thinking about looking for a loan to pay off my credit card so I can drive for uber again. My credit score tanked in the last couple of months from the 600s to the 500s because I haven't paid my credit card in the last couple of months. +The story goes like this… + +If you go onto the XRP/USDT pairing on LAToken and scroll back to the 23rd February you can see the price dropped to 0.00004USDT per XRP. I had placed very low limit orders prior to this that have since been filled. + +When I logged into my account after placing these low bids on the market a while back, I was amazed to see I had amassed 632,151 XRP tokens. + +Here’s the heart-breaking bit. I naturally was mind-blown, so I tried to sell some of the XRP in the account then withdraw my profits from the exchange elsewhere, only to have the withdrawal declined and my account temporarily closed for 1 day siting a ‘violation of our terms of use’. I have done nothing wrong and simply set low limit orders that were filled. + +I contacted support asking why this has happened, they didn’t tell me why my account was restricted or what terms of use I had broken. After the 24 hours my account is back up, all the XRP is gone and I’m left with the cryptocurrency I had originally. I contact support again asking for my coins back, I get vague responses not related to the issue. + +For proof of this happening: [https://imgur.com/a/NSYsvqn](https://imgur.com/a/NSYsvqn) +To preface, I am extremely committed to retiring early and being financially independent. And by all means, I have been on this mantra since the day I graduated college. + + +I'm worn out. + + +I have saved and invested roughly over 50% of my paycheck for my entire post-university career so far (3 years) but to be honest? I'm miserable. + + +By all means, I should be proud of my ability to accomplish this feat. I make a modest $50k and live in a large US city. Yet I feel tired and bored all the time. + + +Last Tuesday a colleague asked me to get a drink and bite after work. I couldn't remember the last time I had gone out to a restaurant on a weekday and for a reason I will never know - I said, "sure". + + +In feeling semi self-aware, I thought I should treat myself to a nice dinner. With my belly full, I felt a sense of pride. I had never used my money on a weekday for a mere "fun" time. + + +Since then, I have relatively been treating myself to not always the cheapest menu item when I eat out and heck, I even bought a new pair of shoes! + + +And I feel happy. + + +I am far more relaxed at work, I laugh with my roommate. + + +I feel fortunate to realize being financially independent tomorrow is not worth suffocating your life today. + + +enjoy the present. + + +She and her husband helped a company get government bond business, and her daughter Karen Waters and son Edward Waters have profited from her connections. Waters replied that "They do their business and I do mine." Liberal watchdog group Citizens for Responsibility and Ethics in Washington named Waters to its list of corrupt members of Congress in its 2005, 2006, 2009 and 2011 reports. Citizens Against Government Waste named her the June 2009 Porker of the Month due to her intention to obtain an earmark for the Maxine Waters Employment Preparation Center. + +Waters came under investigation for ethics violations and was accused by a House panel of at least one ethics violation related to her efforts to help OneUnited Bank receive federal aid. Waters' husband is a stockholder and former director of OneUnited Bank and the bank's executives were major contributors to her campaigns. In September 2008, Waters arranged meetings between U.S. Treasury Department officials and OneUnited Bank, so that the bank could plead for federal cash. It had been heavily invested in Freddie Mac and Fannie Mae, and its capital was "all but wiped out" after the U.S. government took them over. The bank received $12 million in Troubled Asset Relief Program (TARP) money. The matter was investigated by the House Ethics Committee, which charged her with violations of the House's ethics rules in 2010. On September 21, 2012, the House Ethics Committee completed a report clearing Waters of all ethics charges after nearly three years of investigation. + +Obligatory: Buy if you can. Hodl. Vote if you can. Dance if you want. + +💎 ✋ 🐵 🚀 🌙 + +Edit 1: This is NOT a post to spew your political/thinly veiled racist agenda on. I'm only bringing to light things dealing with Maxine Waters and her involvement in our beloved stock ONLY! Leave your non-GME rhetoric out of it. This isn't the sub for it. I couldn't care less what her stances on anything else are because as we should know by now, both sides of the failed 2 party system don't give a fuck about us and are corrupt to the core. If you hate her for other reasons, fine, but don't bring that stupid divisive shit in here. THIS IS ABOUT MAXINE WATERS BEING A WOLF IN SHEEP'S CLOTHING WHEN IT COMES TO WALL ST REFORM AND GME. LEAVE THE OTHER SHIT OUT OF HERE. THANKS. Ape no fight Ape. +Ape TOGETHER 💪 + + +Edit 2: For everyone replying with some variation of "well no shit" or "I've known that forever" or "You're just now realizing that"....here's your gold star and a pat on the back! Now, why don't you take a minute to realize that every Ape is not on the same learning curve as you. Not everyone knows and might be just starting to realize that politicians who are mixed up in Wall St(most of them) don't give two shits about us. So why don't you do something "crazy" and look at it through the eyes of someone different than you. It's honestly gross how many so called "Apes" spit this divisive vitriol in a thread where we are supposed to be a community. Put your ego and goddamn pettiness aside for once. We are all eating from the same shit sandwich out here. Remember that. Please and thank you. Apes Together 💪! + 💎 ✋ 🐵 🚀 🌙 +Yes, this is what decentralization looks like a single mistake in line of code from the devs team is going to cost people $34 Million. + +>Bid count tracker calculated incorrectly. This caused downstream validation to fail permanently; preventing withdrawal of mint funds. + +Here's the whole thread if you want to know how it happened. + +[https://twitter.com/dapperSBD/status/1517766010442375168](https://twitter.com/dapperSBD/status/1517766010442375168) + +&#x200B; + +[Here another twitter user explaining the whole situation.](https://preview.redd.it/j1nbze6pxbv81.jpg?width=701&format=pjpg&auto=webp&s=8b9c6e0a7493a1f9db47d4a5b4d12c2035f3029d) + +&#x200B; + +&#x200B; + +https://preview.redd.it/nozyumqrxbv81.jpg?width=697&format=pjpg&auto=webp&s=01002ab2b7ccc2077b94f7229250c75c677b8e60 + +&#x200B; + +https://preview.redd.it/ht3rw7qtxbv81.jpg?width=697&format=pjpg&auto=webp&s=bb8769a692a2ab9ba15532567e0cf7c777705f10 + +Source for this thread: [https://twitter.com/0xfoobar/status/1517680400142716929](https://twitter.com/0xfoobar/status/1517680400142716929) + +RIP 11,539 ETH we will never see them again. + +&#x200B; + +Edit: + +> Arrogant team deliberately ignored people warning them of a poorly designed contract, all funds could've been locked forever, but exploiter acted in good faith so it seems all money will end up where it should. Thanks for reading! + + https://twitter.com/0xfoobar/status/1517662985690484736?s=20&t=Y5HJkTxMJ0btvki2601maQ +My wife and I have been sleeping on an air mattress since July. Actually, we’ve been sleeping on a series of air mattresses, since we’re both larger women and have several pets, and air mattresses in general aren’t exactly designed for day to day use. + +Here’s a perfect example of why it’s expensive to be poor. We are never able to save enough to buy a proper mattress and frame, but we can buy a cheap air mattress every other month. I realize we could put the air mattress money aside for a real bed, but then what do we sleep on? We’re both disabled, sleeping on the floor isn’t an option. We don’t have a sofa, either. + +My parents promised to buy us a bed this summer, but their financial situation is just as bad. My mom cried the other day because “someone with a master’s degree, thirty years of experience, and a full time job should be able to buy her daughter a bed”. + +So our air mattress just popped. I start a new job on Monday. Luckily new job will buy us a bed eventually but until then…. What do? This sucks. + +EDIT: Omg ya’ll, I didn’t expect anyone to read this let alone have such good suggestions and nice things to say. I appreciate each and every one of you so much for taking the time to help. I may not be able to reply to everyone, but please know I am really really grateful. + +EDIT #2: Once again thank you all for your amazing suggestions and kind words! For those of you going through my post history and making value judgements, that’s fine. I posted this as a rant not expecting any feedback and I’m blown away by the overwhelming helpfulness. I did manage a fix to last a little while: Breathe-Right strips! They’re super sticky, flexible, and adhere really tightly to the bed material. Figured I would give it a try for lack of anything else to use last night and it worked! I’ll be calling around to the local Restore, churches, and posting on my local buy nothing groups, etc today. Thank you all again so much, I am truly overwhelmed. +I'm a 36 yo specialist surgeon, 2 years into practice, and just starting the FIRE process. As with any physician, I'm burdened by a late start and student loan debt. I live in a VHCOL area, with a wife who is just finishing her professional training and a baby. + +&#x200B; + +Here are my numbers: + +Income: My 2019/2020 salary has been $400-500k/yr, starting from 2021, my base will be $637,500/yr, plus a future annual performance bonus that ranges from $250k-$700k (based on production in prior years). There is a partnership track I am on, realistically will take about 10 years to achieve. + +My wife will be starting a job soon (part time) and should be bringing in about $100-150k annually. We paid off about $150,000 in debt aggressively (credit card debt, student loans, personal loans) within the first year or so of my work. + +Assets: + +Savings: \~$90,000 + +Retirement (401k): \~$80,000, maxed out personal contribution with 3% profit sharing from practice + +Taxable investments: \~$53,000, contributing about $5,000 monthly + +Ownership shares in a Surgical Center: $90,000, will translate to distributions in hopefully 3 years + +Total NW: $310k/\~$140k liquid + +Debt: + +Rent - $3k/mo + +Childcare - 0 for now, but will be probably 2k monthly when my wife starts working + +Insurances (disability/term life/auto/home) - $1.5k/mo + +Cars - $650/mo lease, another 5yo car paid off + +Other bills (utilities, personal use) - $1-2k/mo + +Combined student loan debt: $450,000, paying off $7k monthly at least, plan on having this paid off by 2027. + +&#x200B; + +Although, at this point, it's hard to imagine retiring early, I do want to make steps, aside from increasing my annual income, to grow my net worth aggressively. + +&#x200B; + +I do plan on purchasing a house in the near future (1-2 years), probably in the 1-1.5mil range. I would like to diversify my investments in physical real estate as well, both residential and commercial/medical. + +&#x200B; + +What other early action steps are important to take? Other tax-advantaged account options? Considerations for the future of my baby? +Can you say what degree you got, how long you’ve been a data scientist and ballpark how much you make? + +I’m heading up a new data science department (uk) and want to get an idea of expectations, experience and where to pitch wages to get someone decent. It would be to build machine learning capabilities using python to inform decision making on trading commodities. + +From experience it is often difficult to find a good data scientist and harder yet to identify them from a standard interview process. + +thanks in advance +I've found a rental and the numbers make sense. What inspections should i do, questions should i pose to the current owner / realtor, etc.? First time rental property purchaser - hopefully this one goes through! + +Multifam, 4 unit home. 90 year old building in need of some TLC which i'm willing to do. I'm concerned there might be things beneath the surface of the home that I'm not aware of - how do i ensure i'm not buying a bag of nails? +I want to get into real estate investing and everything in my area costs $700k+ even for a studio. + + +I want to invest somewhere in the US, with 40k-50k down payment ready. Thus, I believe I can afford a house around $200,000. + + +Where would you invest with this budget for a rental property? + + +TIA + + +Update: I want to thank everyone for their insights and valuable contributions, it is so extremely appreciated. From having a negative number of upvotes (thanks to the haters) to currently being at over 80 up votes, just wanna say y’all are the best. Very thankful for this helpful community. Can’t wait to start making moves. I am currently traveling and will continue to read and respond to all comments! +I’ll make this as quick as I can, each month I send $700 to someone as my half of our living expenses. July 1, I go to my Citizens bank acct and using Zelle as always I send the payment. I got an alert that my payment failed, NBD I’m probably in a bad area. I try 3 more times, 2 of which failed and 1 finally sent. I get emails of the 3 failed $700 payments. Ok cool. Nope, wake up the next day to $2100 being out of my account. I call the bank (because it wasn’t deposited in the other persons account)and was told “The money hasn’t reached the other persons account, it’s in a dark place, like where the missing sock in the dryer goes! It’ll be back in your account in 3 business days, even though the payments failed this is just what Zelle does”. Ok whatever. So I stew on what she said to me and called back the next day because I felt I needed to. I was told “my colleague was correct you should have the money back in your account by July 7th If not give us a call. Well….yep nothing put back in my account. I then call them on the 7th only for them to file a claim. I leave for vacation in 8 days…. A claim can take up to 10….wish me luck and oh yea ……Thanks Citizens/Zelle +**Portfolio Update** + +My portfolio, like many, has seen a lot of ups and downs in the past few months. It's been tough to see the stock market downturn. But the good news is my dividends keep going up. Currently, the portfolio is worth about 900k, and forward annual dividends just exceeded 20k. I'm very excited about this milestone. + +$20,000 per year + += $1666.66 per month + += $54.79 per day + += $2.28 per hour + += 3.8 cents per minute + += 0.063 cents per second , every second of every day + +(I always loved this breakdown once I saw someone else do it. It makes me feel so good to know that I have a few bucks coming in every hour, even when sleeping!) + +&#x200B; + +My portfolio is roughly: + +* 25% VTI +* 50% individual div stocks & REITs (biggest holdings are ABBV, T, O, SPG, ENB, CVS, STOR, JNJ, MMM, BMY, BEPC, KMI, BTI, LMT, PEP, LOW, CAT, CSCO) +* 20% individual non-dividend stocks (mostly tech) +* 5% crypto (just BTC and ETH) + +My tech stocks and crypto have been pummeled by the recent drop, but I'm still in the green with those. I took some profits on tech around Dec/Jan but I should have taken more when those prices were so high -- I got a bit too greedy! + +I felt fairly comfortable with 25% of my portfolio in relatively risky tech + crypto. And now I'm trying to do some bottom-fishing in super-beaten-down tech stocks. + +When the market is down these days, div stocks are an amazing psychological balm. Instead of looking at prices and portfolio value, which fluctuates all over the place, I keep my focus on the dividend income, which has been steady and just keeps growing, even through down times. + +This goes both ways too. In 2021 when tech was flying high, I felt really good about my portfolio value, which went above $1M for the first time. But I had to remind myself -- it's the income that matters. Wealth is only good if it generates income to live on. And the simplest way to convert wealth to income is to buy businesses that pay you some of their income. + +It's really nice to see SCHD not crashing down like the whole market. (I don't own SCHD myself, but my own basket of div stocks matches it pretty closely) Companies that pay dividends are signaling to the market what their priorities are -- namely, generating cash flow. And investors who like cash flow can opt in to exactly that. It's a joy to know that these companies are working so hard to keep that cash flowing to my pocket. + +I'm still working at my day job, and still dumping most of my salary into this portfolio. I've been saving more money because the pandemic cut down most of my eating out / traveling. But no prob, I can stay inside and play video games and still have a good time. +My spouse and I married in Sept. 2020, and we just found out we are now over the income limit to make roth contributions for last year when filing as married. We both made the roth contributions, and are now seeing if there is anyway to avoid the 6% excess contribution penalty. We both also do not want to pull the money out completely of the IRA and face the additional 10% penalty. Is it possible to recharacterize it as a Traditional IRA before filing our 2020 taxes, then covert it back to a Roth down the road? Thanks! +It took me some time to realize this, but after DevCon 4 and Vitalik and team confirming that 2.0 is close, I can't help but feel that ETH should be THE safe play in crypto for when everything begins to reverse. A few reasons: + +&#x200B; + +1. It's fallen far harder than BTC and done the golden 84% retrace from ATH. +2. It's one of the main tokens that'll be offered with Bakkt and Fidelity trading desks. +3. The ETH/BTC ratio has never been this low for the past two years. Converting BTC to ETH now means you're getting it at the best deal anyone's seen since the beginning of 2017. +4. The main source of fud being their scaling issues, which I did find to be legitimate, looks like it will be fixed around when things are getting back into full swing. +5. If BTC returns to 20k, ETH will at least be heading back to 1k just on principle of the entire market being bullish and keeping its place on CMC. +6. The name brand at this point, does seem like it'll be enough to carry it until 2.0 releases, at which point there will be no competition. +7. Can you imagine, that if institutions are truly putting funds into crypto, the amount of FOMO that'll happen with Proof of Stake is active? Not only do you have the future world computer, but you have automatic interest on that investment. + +In this bear market I've been in and out of different alts, but just now I realized that if I want to stop risking my ass, I should just throw the rest into ETH and sit on my hands, especially since it looks like we've entered the flat market, with no clear trend. + +&#x200B; + +Thoughts or anything to add? +> The antitrust division is looking into whether or not carriers colluded in stifling technology that allows customers to switch providers without having to change out their SIM card. + +[Article.](https://www.cnbc.com/2018/04/20/justice-department-wants-info-from-att-verizon-t-mobile-and-sprint.html) +Wallstreetbets is unique on reddit because of its... "culture". We are all here for a single reason: To make money on high risk plays. + +Gains made overnight, or by holding through hell and high water, are to be equally celebrated. + +Losses should be mocked, derided, and if unique enough, given the high honor of being put into automod. + +At all costs, if we are to remain different than the rest of reddit, we must avoid the following: + +* Politics, we're not here to change the world (sorry) - we just like the stock. + +* Divisiveness, calling people bots and shills because they disagree with you only reduces diversity of thought, and drives away our best members. + +* Repetitive content, we have just barely enough IQ points to focus on multiple stocks at once, not everything has to be GME or Weedstocks. + +* Know it alls, remember rule 7 - "No Bullshitting". Stay humble and ask about what you don't know. After being insulted a few times, someone will help you out. + +--- + +#What you can do to keep this place great + +* Upvote new and interesting ideas. No one wants to see the front page filled with threads on the same stock or sector. + +* Mock people for not understanding something and doing their research, and don't speak beyond your knowledge. + +* Bring your own creative ideas to the table! Pick the dumbest company (over $1B market cap) and really read into their filings and let us know what you find! + +* Keep content related to megathread topics in the megathread. + +* Don't ask "what the next move is" - WSB is not your personal army, there is no agenda, no one speaks for WSB, and we don't "pump and dump" anything. Simply, we are a watering hole for risk loving individuals. + +--- + +#What we're doing to keep this place great + +* The whole mod team has been working overtime, clearing out low quality content and keeping things fresh. Less than 1% of threads make it out of /new. + +* In the absence of u/zjz's incredible bots, we're building new tools to assist with moderation efforts, but remain hopeful that zjz can return soon. + +* We're planning some fun community events. Can't say too much, but those of you who have been around will know. Guess we'll have to wait and see. + +* We will be reintroducing stickied DD threads. These will be automatically stickied based on flair, with high account age restrictions. + +--- + +#Why was my post/comment removed? CORRUPT! + +Over the past week, there were multiple *really good* DDs and YOLOs on PRPL, FNKO, SNDL, and many other stocks. The kind of stuff that gives you hope that the old WSB is very much alive. + +But you may have missed them because the front page was dominated with GME related talk. + +Don't let the bandwagoners steal your fresh DD. Downvote spam and low effort posts, upvote innovative posts. + +--- + +#A note on the moderation team: + +The team we currently have (missing you u/zjz) is the best we've ever had. Everyone on this team is entirely committed to keeping the subreddit stable and top notch. + +This mod team is a completely different beast than the two mod teams evicted over the past year. They are the ones who have actually put work into the subreddit over the years, and aren't just inactive. They have poured their souls into this sub for years. Yes, some are using throwaways because they'd rather not get doxxed (again), but if my vouch isn't enough, u/zjz vouched for them as well. + +Making everyone a mod for a week, paper trading competitions, automod responses, the discord and plenty of other fun facets of the subreddit were done by this very team. If you don't know what I'm talking about at this point, stick around. You'll have a blast. + +P.S. Dear SEC Intern: We don't endorse any tickers or movements. We're just here to trade and make dick jokes. +Hey r/eupersonalfinance + +I’m trying to find alternatives for Canadian/US ETFs from five factor investing model paper. Does anybody know the EU alternatives to aforementioned ETFs? +My father will soon collect his 3rd pillar in CH. + +Also, he will be receiving his pension in CHF, but most of it will be spent in HRK. + +&#x200B; + +How safe it is to use TransferWise to do the exchange? + +&#x200B; + +I know he can open a CHF account in Croatia and just use SWIFT to transfer CHF -> CHF for a small fee, but the bank exchange rate is not that good when withdrawing HRK. + +TransferWise has better rates. + +&#x200B; + +But how safe it is? + +As in, is there a chance for his funds to be frozen? + +&#x200B; + +How large a sum does he need to "call in" beforehand? + +E.g., can he transfer 20000 CHF to his TransferWise CHF balance, change that to HTK, then send that to his Croatian HRK bank account in a reasonable time? + +&#x200B; + +EDIT + +Thanks everybody! + +I asked because there have been a few post online with some scare stories. But those might have been simply because of the verification process, which I am having problems also with. + +But the responses here are overwhelmingly positive, so it looks fine. + +I will check with their support additionally for our situation. + +&#x200B; + +EDIT2 + +Ok, so apparently, you can only receive money in €, not in CHF. + +So if you need anything other then €, you will be charged conversion twice. + +Not ideal. Since we need to receive money in CHF and withdraw in HRK. + +&#x200B; + +I guess I'll need a different service after all. + +&#x200B; +> https://investor.salesforce.com/press-releases/press-release-details/2020/Salesforce-Signs-Definitive-Agreement-to-Acquire-Slack/default.aspx + +> Salesforce (NYSE: CRM), the global leader in CRM, and Slack Technologies, Inc. (NYSE: WORK), the most innovative enterprise communications platform, have entered into a definitive agreement under which Salesforce will acquire Slack. Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share, representing an enterprise value of approximately $27.7 billion based on the closing price of Salesforce’s common stock on November 30, 2020. + +> The board of directors of each of Salesforce and Slack have approved the transaction and the Slack board recommends that Slack stockholders approve the transaction and adopt the merger agreement. The transaction is anticipated to close in the second quarter of Salesforce’s fiscal year 2022, subject to approval by the Slack stockholders, the receipt of required regulatory approvals and other customary closing conditions. +I keep an eye on an equifax account mainly to see accounts in my name are correct and to try and prevent fraud. + +I know many on this forum, rightly, say to take the scores with a pinch of salt. Well here is an example of why. My mortgage was paid off last month and my credit score has gone down as a result 😂 i know having credit makes you a “better” customer but the scores are clearly a bit of a work of fiction. +I see a lot of users here advocating to find a partner just for the sake of getting on the property ladder. Which to me is wrong/disgusting. I also see a lot of people here shooting down singles and completely demotivating them. It’s just frustrating. + +I thought I’d create this post for singles who want to get on the property ladder but feel demotivated. + +So current single homeowners...Please inspire us. How did you get on the *property ladder*? What tips do you advise for singles? Please share any wisdom to help us. + +Single can do it too!! I know it’s possible as I’m almost there! I just want something to inspire singles as we head into the year. + +EDIT: lots of different pathways in this thread. Of course please take things with pinch of salt and do your own research! I hope singles are picking up some tips and tricks! We’ll all make it +"I FINALLY paid off $8 of credit card debt in 2 years while making $95k!" + +"My Grandfather, the CEO of a prestigious candy bar company, left me 250k after he died! Should I visit all 490 countries or start a boutique pickle company?" + +I'm exaggerating here, but growing up poor, some of the headlines on personalfinance have screamed "First world problems!" at times, and helped to reinforce the kind of uncertainty and anxiety I had as a Poor. I couldn't help but think that being secure in my own life was a pipe dream. + +As a foreword, I wanted to write to this post as a sort of tribute to r/pf (and r/frugal) because of all the invaluable information I've learned from it over the past few years, and how I've applied those lessons to my own life. But I also wanted to write this for those people who, like me, happened to be born poor, isolated, or desperate to escape your circumstances. + +A bit about me: I was raised by a single mother in a working class neighborhood in a large American city. She, my sister, and I lived for many years on a meager social security check we received each month because my father died young, and my sister had Down's Syndrome. + +Finances eased after my mom remarried (to a factory worker), until working class wages stalled in the late 90's and completely cratered around 2008. I received no financial education as a child--I had to google how to write a check at 22 because no one ever thought to tell me. I was also imbued with a healthy distrust of authority. + +Like many of you, I was considered a Child of Promise. It was a foregone conclusion that I would attend college. I was the shining star of the neighborhood, after all, and it was a powerful statement that I was bettering myself. As a first generation college student, coming from a working class school, no one questioned my major (writing), or my school choice (a private art school). I was 17 years old, unwittingly signing up for $80,000 of student loans. + +I was academically prepared for college, sure, but socially I was completely out of my element. Is this story starting to sound familiar? I know now that I'm not alone, not by a long shot. + +I didn't understand the value of making connections. I couldn't take that life changing internship because I worked part-time at my stepfather's factory. I graduated in 2011, right around the most stagnant labor market in 30 years. Saddled with debt and uncertainty, I did what many do: + +I didn't pay my loans, I wandered aimlessly, I battled anxiety like a full-time job. It wasn't until several years later, a move across the country (and back) that I started to get my life together. Thanks, in no small part to this sub and others that stressed financial planning, accountability, and discipline. + +But what nagged me was that while many people here posted about building something that lasts, I and millions of others were simply working towards that ever elusive 0: no debts, no masters. In fact, I still am. + +What follows is an incomplete list of things I've learned as someone born under the line, that they never taught us in school. That they never taught us at home. That I hope will help you + +1) **No one is coming** - It took a long time to let this one fully sink in. There will be no salvation. I don't mean this in a fatalistic way, just as a matter of fact. No one will pull you from poverty or desperation. Those lottery numbers aren't coming in. Your lady whose house you clean isn't leaving her money to you. The world is indifferent to your suffering. + +I found this freeing: It is solely up to you. + +2) **Adapt** Outside of maybe 6 fields, most jobs and careers are teachable to anybody with an 8th grade education. In a sea of equally qualified candidates, you will only stand out as a personality fit. This was a hard pill to swallow as a young person. I lacked social skills, and leaned heavily on my immaculate resume. What an employer really wants is a "3am guy." Someone who they don't want to murder on a late night, when the deadline's coming. Someone they can depend on, joke with. + + +Put yourself out there + +3) **You're not the only fuckup** I let my student loans default in my early 20's because I was literally too afraid to pick up the phone. When you're born poor, your standing is all you have, and the feeling of failure can be immense, unbearable. But you're not the only person struggling. These companies know the system is held afloat by a few top earners and the rest of us paying what we can when we can. Make the call, get your shit straightened out. You'll find them willing to help 9 times out of 10. + +4) **Lie** I assume this will be the most controversial point. I have lied on every resume I've ever written. I've lied in every interview I've ever taken. You will not get ahead over someone who has the time and means to perfect themselves. It simply will not happen. Lie, be charming, confident. Lie like your livelihood depends on it. It does. But know that you are now accountable to your lies. Be able to back them up with results. You will not get ahead by luck. The odds say you're not getting ahead at all. + +5) **You have more skills than you realize.** Poor people have a fear of failure ingrained into their psyche because the stakes are real, and many become bitter of people for whom failure is just a minor setback. But failure, true failure, is the greatest learning experience in the world. No rich kid has ever had to come up with $200 by rent day, keep the lights on, find a way to get to work or, pay for a funeral on a line cook's wage. These are the skills to run a business, to run a family, to run your life. You are hungry, and you are sharp. No one can take that away from you. + +6) **Don't become bitter.** This is the most important part. The world, despite how it sometimes feels, is amoral. Love. Grow. Hope. But be prepared. + + +I'd just like to thank the good contributors here over the years for all their help over the years. To all my fellow poors, you're not alone. + +Feel free to add more in the comments! + + +Edit 6/3/17 - I just wanted to say thank you to everyone that's seen this post, and thanks to the countless people who have sent me such kind messages, and for the reddit gold as well. As a writer, it's immensely gratifying to know that one person has actually read your work, let alone 90,000 and counting. + + + + +[Article](http://jalopnik.com/84-month-auto-loans-are-becoming-more-common-because-yo-1825414883) + +> Records have been set in practically every metric for auto loans, as of late: Americans owe a record $1.1 trillion in loans; a record 20 percent of new car loans have 72 month terms; people are overall paying record amounts for a new car; and a record 6.3 million people are 90 days or more behind on their loans. + +Maybe this won’t cause the next Great Recession, but it ain’t good. +Throwaway due to admittedly irrational paranoia. + +I work in banking/consulting/law/whatever the prestigious, long-hours, low-societal-value occupation *du jour* is. Not a doctor or engineer. + +I am extremely burned out. I ended up being the youngest elected partner/MD/VP in history at my global firm, and, having grown up in a poor background, it just about killed me to do it. I’m in very bad physical (I have rheumatoid), mental and emotional shape. I need to get a handle on this, because I’m starting to lose my grip a bit. + +Yes, I hear you on “therapy” - and if I’m going to pursue that route again, I need to work with someone that has experience with /r/FatFIRE ‘s admittedly small cohort of mutual experience. + +I’m unable to ask for recommendations from colleagues due to the competitive nature of my firm. + +Any advice from those who have been here before would be extraordinarily welcome. Thank you in advance. +My dentist over-charged me on a visit. I brought this up to him and he said he wouldn't charge me on another visit a week later. He told his secretary (also runs his billing) just before the 2nd visit. However, I got a $78 bill. My wife had to get her teeth cleaning a few days later and she brought it up and the dentist told the same secretary to drop the bill. + +I got a letter about the $78 bill. I called the office and the secretary said she would not drop the bill and it would go to collections on 12/28, she also mentioned to me the bill was never a mistake. + +Clearly this person will not drop the bill. Should I pay $78 or take the ding on the credit and try to fight it? Also I am going to a apply for a business loan in about 9 months, so I'm leaning towards paying it. + +Update: called the dentist and ended up paying the bill. Dentist said insurance company is to blame. He said they wouldn't cover white fillings on mollars. He also admitted they didn't run insurance but knew they wouldn't cover it. Total cluster, just paid it because I need good credit for a loan in 9 months. +[https://www.scmp.com/economy/china-economy/article/3050510/coronavirus-chinas-fear-mass-job-losses-looms-large-covid-19](https://www.scmp.com/economy/china-economy/article/3050510/coronavirus-chinas-fear-mass-job-losses-looms-large-covid-19) + +Just your daily reminder that **this is not the flu,** sars, ebola, or really anything else we've seen in our lifetimes. At the risk of beating a dead horse here.... this is not being priced into markets right now. At all. And at the risk of sounding alarmist, I am going to put my neck out there and say that this thing is the inevitable shock that always seems to kick off a recession (get your remind me's ready). With that said, it's going to take a little bit of time before markets digest the supply shocks that are going to come through from China's shutdown. And past that point, I really don't think anybody is pricing in the fact that this is going to start to mandate shutdowns elsewhere away from China as it spreads. + +The funny thing, is that from a data perspective, we actually were starting to get a mild recovery in the macro regime, suggesting the Fed may have actually engineered a sort of soft landing, at least for a short bit. Given, that soft landing would have been heavily stimulus and debt fueled, but, the means don't matter in the short term, and that's often how things go anyway. But this item is coming at a very very very bad time, and the economy just is not prepared to handle this even slightly. The markets obviously are not reflecting this right now for a variety of reasons, but markets aren't always the great discounters people would believe. + +I will say, we likely will see some sort of massive wave of additional stimulus, or at least an attempt at it. But the transmission mechanisms of getting said stimulus to the people who need it is going to cause this to falter when it's needed most from my view. + + +**Edit:** For those who don't understand the seriousness of this, here is a relevant quote from a highly respected authority - Mark Lipsitch, professor of epidemiology at Harvard. + +***"I think it is likely we'll see a global pandemic," said Mark Lipsitch, a professor of epidemiology at Harvard T.H. Chan School of Public Health. "If a pandemic happens, 40% to 70% of people world wide are likely to be infected in the coming year. What proportion of those will be symptomatic, I can't give a good number."*** + +He comments on this directly at: [https://twitter.com/mlipsitch/status/1228373884027592704](https://twitter.com/mlipsitch/status/1228373884027592704) + +[https://news.harvard.edu/gazette/story/2020/02/harvard-expert-says-coronavirus-likely-just-gathering-steam/](https://news.harvard.edu/gazette/story/2020/02/harvard-expert-says-coronavirus-likely-just-gathering-steam/) + +So look, is there a chance this will blow over? Sure. 100%, and I'm not an epidemiologist. But when leading epidemiologists collectively view this as being more likely to be a pandemic, yet markets are completely brushing this news off, I view that there is nothing being priced in here at all except perhaps stimulus. Even if there was only a 5% chance of the above scenario happening, I would expect markets to price in some of the massive risk that would be associated with this scenario, but that's not happening. +When I use my credit card, if I pay it off immediately I pay no interest. Does a HELOC work the same? If I pull money out and pay it off quickly, like within a week, will I owe any interest on it? + +Edit: I knew you guys would know the answer! Thanks for all the help! +The article in NYT outlines why ATT has all this horrible debt. Sounds like incompetence. All three deals were failures. And take a look at that last paragraph below. They spent over $150M just in advisory fees in 3 years to end up where they were to begin with but with more debt. “After all of that deal-making, ATT is sitting on more than $170 billion in debt. As part of the deal with Discovery, ATT will get $43 billion to help reduce its debt load. (The spun-off media business will begin its independent life with $58 billion in debt.)” + +https://www.nytimes.com/2021/05/18/business/ATT-WarnerMedia-Discovery.html?referringSource=articleShare + + +The DealBook newsletter explains how ATT got here, in three key deals: + +1..A $39 billion bid to buy T-Mobile. After regulatory pushback, in 2011 ATT walked away from an effort to become the country’s largest wireless company. T-Mobile paired up instead with Sprint, and the two went on to buy huge amounts of spectrum in the high-stakes battle for 5G, leaving ATT behind as it lobbies regulators to step in. The failed deal hit ATT with a $3 billion dollar breakup fee, at the time the largest ever. + +2. The $67 billion acquisition of DirectTV. In 2015, ATT bet on cable TV as a way to amass customers whom it could eventually convert to streaming. But DirectTV bled subscribers as customers cut the cord, and ATT unloaded a stake in the company last year to TPG that valued DirectTV at about a third of its acquisition price. The deal also cost ATT about $50 million in advisory fees, according to Refinitiv. + +3. The $85 billion acquisition of Time Warner. In 2018, Mr. Stephenson called the deal a “perfect match,” but the combined group struggled to invest in its telecom business while also spending enough to compete with the entertainment specialists at Netflix and Disney. Three years later, ATT is now spinning off the company so it can (re)focus on its quest for 5G market share. ATT paid $94 million in advisory fees to put the two companies together and an estimated $61 million to split them apart. +From the article: + +> NEW YORK, April 25 (Reuters) - Twitter Inc (TWTR.N) is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the chief executive of Tesla Inc (TSLA.O) has called his "best and final" offer for the social media company, people familiar with the matter said. + +> Twitter may announce the $54.20-per-share deal later on Monday once its board has met to recommend the transaction to Twitter shareholders, the sources said. It is always possible that the deal collapses at the last minute, the sources added. + +https://www.reuters.com/technology/exclusive-twitter-set-accept-musks-best-final-offer-sources-2022-04-25/ + +This was a fast turnaround from their "poison pill", if true. +**EDIT:** Dunno if there's a post flair for *solved*, but y'all figured this out for me. Thanks for all the quick help! + +&#x200B; + +Hi r/personalfinance, + +So as the title says, I've given my parents about $100K over the last 6 or 7 years for various reasons (medical bills, couldn't make mortgage or property tax, etc). Nothing too large at once that I couldn't handle, but it adds up. Not sure if it matters, but half the time these transactions were me cutting my folks a check and half the time it was me dealing directly with the creditors (is that the right term? whoever it was that they owed money). + +Anyway, in my mind it was always a gift b/c while I love my family, I'm realistic and never expected they could pay me back. Well, the housing market where they live is sizzling hot now and they're in the process of selling the family home. And bless their hearts, they want to pay me back once the sale goes into escrow. + +So this is nice, but I'm curious what the tax implications are? Like would I have to pay income tax on this after my parents already paid capital gains tax on the sale of their home? And why would it be income when it's just my own money coming back to me? What should happen here? My understanding of taxes is just whatever TurboTax tells me to do. + +Thanks, + +Thanos\_Snap\_Survivor + +​ + +(yes this is a new/throwaway account; apologies if that looks sketch to some people) +A CumRocket AMA was hosted today on Twitch. A recording is available [here](https://www.twitch.tv/videos/1014627189) + +1. CumRocket is incorporating as an LLC. They are registering in the UK +2. Centralized exchange confirmed: Cointiger listing is coming. More to come. +3. Decentralized exchange... No joke, CUMSWAP. Not an immediate focus but definitely a thing +4. V2 of NFT Marketplace Beta will be done by the end of this month +5. Centralized exchange token redistribution is being negotiated but likely will involve snapshots periodically to reward holders. +6. v2 platform will feature an auction service. Anyone can be a buyer and anyone can be a seller. You can buy NFT's of models, hold them, then auction them for more! +7. Porn Star content confirmed, this has evolved beyond amateur -- however, they will still be the focus. +8. They've made a game! Anime dating simulator. It's not a focus but a nice bonus + +For those unfamiar, CumRocket is an adult-entertainment NFT platform which allows users to buy NFT's and tip models using CUMMIES. It started off with the idea of becoming the OnlyFans of crypto and has steadily evolved into a fully featured and functional adult entertainment marketplace. + +Website: [https://cumrocketcrypto.com/](https://cumrocketcrypto.com/) + +Telegram: [https://t.me/cumrocket](https://t.me/cumrocket) + +Twitter: [https://twitter.com/CumRocketCrypto?s=09](https://twitter.com/CumRocketCrypto?s=09) + +Contract address: [https://bscscan.com/token/0x27Ae27110350B98d564b9A3eeD31bAeBc82d878d](https://bscscan.com/token/0x27Ae27110350B98d564b9A3eeD31bAeBc82d878d) + +How to buy: [https://www.youtube.com/watch?v=uc8jiGDgxUA](https://www.youtube.com/watch?v=uc8jiGDgxUA) +No third party intermediaries. In time, any currency can be added. Even fiat is coming (according to their twitter). If you can get a hold of some ETH, the entire currency/token world can be open to you. + +Think about this. On May 25th, we've learned, one of the major EEA members will be issuing an Ethereum token (suppose to be a big dawg, mainstream company). That token will be tradable on PRISM without engaging any third party. The synergy man! It is hard to get your head around. So many crazy examples like this. + +This is going to absolutely huge! Once PRISM goes public, we will see a game changing ecosystem shift. ETH is all you need to have anything else. Think about what that means. Seriously, think about it. If you can get your hands on Ethereum, which is now pretty available, you can secure ANY other currency trustlessly. That means Ethereum can be a base asset now for currency trading/investing. Potentially, any currency. Even fiat. + +**If the flippening doesn't happen before the public release of PRISM (I suspect it will), it WILL happen shortly after.** You have around six months to prepare (their estimated beta period). I suspect ETH will be in pretty high demand post-release. Also, ETH is being locked with PoS, potentially around that time. + +**Seriously folks! Holy shit!!!** +We are hosting a Ukrainian woman and child. It is not going brilliantly, especially from a financial perspective. I'm starting to get concerned that without our financial help they will never be able to move out and while I do want to see them out and settled, I can't bring myself to make them homeless. The council have been pretty clear that social housing isn't an option, they either find somewhere private, stay with us or become homeless. + +I have been thinking of starting to charge them rent at the limit that the UC housing component will pay, ie at no direct cost to them. I don't think any tax would be due unless we went over £7500. Then in May once they have been in the country for a year and have employment records, bank statements etc, we will give them the accumulated rental income as a gift to pay a deposit and hopefully a couple of months' living expenses, allowing them to move out and rent privately. She is working now so hopefully would be able to pay the bills etc herself after the first couple of months. + +My question is whether this would be seen as fraudulent by the DWP? You could say we are exploiting housing benefit for the purposes of giving it to them directly. I don't want them to face any repercussions. + +Any other suggestions would be much appreciated. +https://www.google.com/amp/s/www.cnbctv18.com/market/stocks/co-location-case-nse-to-disgorge-rs-624-89-crore-with-12-interest-from-april-1-2014-3139441.htm/amp + +What fresh hell is this ? What will happen to our investments ? Do we sit like ducks for 6 months? +After being severely underemployed at $8-10/hr at off-and-on temp jobs for the past 5 months, I'm finally starting a full time job with benefits on Monday! Gonna be earning $18/hr and I'm still internally crying from how much of a jump in income this is. I feel so grateful for whoever in HR decided to take a chance on me. + +Anyone have tips/tricks that they like for new jobs? I have my own rituals and anxiety-calmers, but interested in what some other folks do to calm those first day jitters, especially after being out of "real work" for the past year. + +EDIT: Wow, this blew up!! Thank you all so much for your insights. I read every single one of them but it's a little overwhelming to respond to each individually. Please know that I'm taking all your advice to heart and really appreciate it!! +It's literally a weed and grows like one. + +>A recent Sunday afternoon at the Bridge City Collective cannabis shop in North Portland saw a steady flow of customers. + +>Little wonder: A gram of weed was selling for less than the price of a glass of wine. + +>The $4 and $5 grams enticed Scotty Saunders, a 24-year-old sporting a gray hoodie, to spend $88 picking out new products to try with a friend. "We've definitely seen a huge drop in prices," he says. + +>Across the wood-and-glass counter, Bridge City owner David Alport was less delighted. He says he's never sold marijuana this cheap before. + +... + +>It turns out Oregonians are good at growing cannabis—too good. + +>In February, state officials announced that 1.1 million pounds of cannabis flower were logged in the state's database. + +>If a million pounds sounds like a lot of pot, that's because it is: Last year, Oregonians smoked, vaped or otherwise consumed just under 340,000 pounds of legal bud. + +>That means Oregon farmers have grown three times what their clientele can smoke in a year. + +>Yet state documents show the number of Oregon weed farmers is poised to double this summer—without much regard to whether there's demand to fill. + +>The result? Prices are dropping to unprecedented lows in auction houses and on dispensary counters across the state. + +http://www.wweek.com/news/2018/04/18/oregon-grew-more-cannabis-than-customers-can-smoke-now-shops-and-farmers-are-left-with-mountains-of-unwanted-bud/ +Suppose you are a U.S. citizen. + +How would you protect against a scenario where the U.S. has political instability that wrecks the banking system (say, [a civil war](https://www.nytimes.com/2022/01/06/opinion/america-civil-war.html)). Suppose that the euro and RMB are still functional currencies, but Vanguard and Schwab are not returning your calls because of the U.S. instability. + +Put assets in an account in Canada? (Don't you need to be a Canadian citizen?) + +Buy some gold? (But it's too heavy to take much anywhere.) + +Yes, this is an unlikely scenario, i.e. "tail risk." Also, yes, if the U.S. were chaotic, the rest of the world's financial systems would also be chaotic, but does that mean just throw up your hands and don't bother? + +**EDIT:** Thanks to all who answered! This was a serious question, and I am reading your replies. + +**EDIT 2**: I tried to summarize (without editorializing) in [this comment](https://www.reddit.com/r/fatFIRE/comments/rynnrt/comment/hrtux5u/?utm_source=share&utm_medium=web2x&context=3). Thanks all! +Just wondering what people here see on returns. I love research and am an analyst but don't have a business background. I could see myself setting up my own VI/gambling portfolio but to do it well, I'm skeptical I could possibly beat the market and capitalize on the time suck enough to make it worth it. +I feel like a lot of the books I’ve been reading have been hammering this concept over and over into my head but I’m not sure if that’s a proper strategy to follow. As a new investor, I feel almost angry when the market is up because it means that I can’t buy it for cheaper. Should I break this mindset? +In his 2006 lecture to Columbia Business School Li Lu recommends reading Value Line. Does anyone here use this service? + + I'm a little confused about what you get for the $598 price for the VL investment survey, like is it an annual fee for digital access to a catalogue of stock summaries? Or is it a one-off payment? Do they still do physically printed editions? + +&#x200B; + +Thanks in advance! +I suppose it is true in a way. Last year I decided I need to really look after my finances. + +I'm not in a highly paid job (£9.36ph) so I've had to work out how make my income work best for me. +One way I did this was to see if I could get universal credit (UC) and it turned out I could. I don't get much but it's a help. + +I noted that I was paying tax on my income so pondered what I could do. In the end I worked out how much I needed to increase my pension contributions to take me below the tax threshold. To start I increased to 15% and that got me just below, sadly the company doesn't off we anything above their 3%. Of course my take home went down so UC increased a bit then at the start of this tax year I increased it to 25%. I've changed the fund it was in and now it's worth 6.5 times what it was when I first started doing this last February. + +So yes in a way I am I guess. I don't feel bad about it though as it's going in to pension and not been spaffed up the wall. + +I've also been using covid to increase my career opportunities, I've started a degree and interviewing for entry level jobs with better pay so I won't need to have this crazy setup. + +Hopefully some other low income people on here may see this and can do something similar. Just thought I'd share. +I'm an adult. I didn't expect anything. A nice card would've been fine. It would've been responsible. I haven't worked since March and she can't work and is on disability. + +Just found out about her low balance and sent her money to avoid bank fees. But wtf? I do not understand her reasoning. It's stuff I didnt even need. + +In my view, I wasted my own money to send to her because she wasted hers on gifts. Who wins? The bank charging her overdraft fees. This holiday sucks. + +(I'm extra pissed because she's been telling everyone that she paid off my student loans. I've been paying them BY MYSELF since 1997.) + +**To the hateful comments calling me a LOSER for having student loans:** + +**Thanks, those comments hurt. I am almost debt-free despite all the setbacks. I've been laid off 4 times in the last 10 years. And I've resorted to stacking part-time jobs.** + +**I know a lot of people are in worse condition than me debt-wise. My credit rating is in the mid 700s. I owe very little in high-interest consumer debt. I only have a few thousand left on my student loans. I'm still poor, but I'm trying to be smart about my money.** + +&#x200B; + +&#x200B; +I had my showing day today. Lined up 6 potentials. First one qualified and paid deposit. Texted everyone "today's showing is canceled and the apartment is now unavailable, thank you" + +Got back the mother of all responses immediately. + +"Wow, okay. That's kind of bullshit! You couldn't have messaged sooner? Fuck you and your fucking over priced apartment that looked like shit when we went last weekend you dumb fuck. " + +To which I replied "good luck in your search" + +And got back "scumbag." + +Mind you the text was 5 hrs before their appointment. + +I've been doing it this way for years. People are just at the end of their rope and I got the hate for it. + +All in a day's work + +Edit: auctioning a unit is like the easiest way to train your tenant you only care about money. Properly training tenants to realize you care about the property and them makes management so much easier for the next 3+ years of their stay. That's important to me. Ymmv +I wanted to purchase a home as a first time homebuyer but I’ve found a home I love that is currently tenant occupied. I eventually plan on moving into the home but the tenants lease isn’t up until January, meaning the only financing I could do would be for an investment property. +[This article by ProPublica](https://www.propublica.org/article/ocean-freight-shipping-costs-inflation) is a deep dive into the ocean freight logistics mess that is contributing to inflation. The article says inland logistics problems are being exploited by dominant ocean carriers, who own the shipping containers, through detention (failure to return shipping containers) and demurrage (port storage from failure to pick up shipping containers) fees. The carriers are blaming the importers (using the port as extra storage space since their warehouses are full) and trucking companies (shortage of drivers). The marine ports themselves are partly to blame (e.g. containers can only be picked up or returned by appointment and a container can only be returned if they pick up another due to lack of space). The containers can't be picked up until all fees are paid and after any customs inspections. Congress approved a bill to give the Federal Maritime Commission more power over the shipping industry, and the commission has handed out some fines, but they're small compared to the industry's profits. + +It seems like a real big mess but how accurate is the article? Are the carriers mostly at fault here or is it everybody? There's been a bunch of posts over the past year regarding the outlook of ocean freight and trucking equities but obviously fuel costs and HR shortages are factors. It's hard to tell who is fighting for survival and who is having an opportunistic feeding frenzy. +Going into 2022 everyone and their mother is talking about how we’ll have a sizeable dip because rates are going to rise. Now I’m of the camp that when everyone KNOWS something is going to happen, it never will. But I’m curious about post-2008, was the thought process of people: “capitalism is dead, markets are going to crash again after they raise rates”? I’m in my mid twenties so I remember 2008 but I wasn’t exactly investing in index funds and reading the journal. +Techlead, the *"Ex-Google/Facebook Tech Lead, YouTuber (1M subscribers), multi-millionaire app entrepreneur, digital nomad"* is another one you should not trust. + +Here's how he is scamming his community, telling them to buy his new coin while he dumps on them This is his address: [https://etherscan.io/address/0x5922b0bbae5182f2b70609f5dfd08f7da561f5a4](https://etherscan.io/address/0x5922b0bbae5182f2b70609f5dfd08f7da561f5a4) You know it's him because it's the same wallet that minted the initial 1M MM. + +Transaction where he mints the 1M tokens: [https://etherscan.io/tx/0xb76ac1e9480d933bb50fb3b7a231355bb9acef129674b45dd0a39664828f7538](https://etherscan.io/tx/0xb76ac1e9480d933bb50fb3b7a231355bb9acef129674b45dd0a39664828f7538) + +From here he starts by adding liquidity in uni v2 and v3, small amounts per transaction, maybe he's trying make it look natural + +ie. V3: [https://etherscan.io/tx/0xa15dc505498208741204327404f78b437ddedd6afc492e8fb40c62da199d270e](https://etherscan.io/tx/0xa15dc505498208741204327404f78b437ddedd6afc492e8fb40c62da199d270e) + +July 1st he posts the first youtube video: [https://www.youtube.com/watch?v=xBSEMJDwvXk](https://www.youtube.com/watch?v=xBSEMJDwvXk) July 2nd he starts rugging liquidity while telling his community and followers to buy because it's going "to the moon". + +By removing liquidity and not selling, he's effectively selling without 'selling'. This way he doesn't have to tell the community that he sold while they all bought, he just has to hold his initial promise of keeping 1m of usdc liquidity + +He even holds all the liquidity in a 1% fee position so he can syphon out 1% of all the volume! + +In total he has his uni liquidity + 1m USDC extracted so far + +This is outright theft + +I'm pro defi, community should call it out when we can, don't need law enforcement but this guy is cutting himself close: + +* California citizen +* Doxxed +* Clearly a security +* All actions on chain +* Telling people do 1 thing as he does another + +In short, he literally rugs his own community (as a millionaire). **There are** legal implication for this. + +Research done by dcfgod. All credit to him +In my few short years with crypto I've never regretted buying. I've only regretted selling. If every time I bought I never sold I'd ve a millionaire every time I've sold I've made at most a few hundred dollars. There is a reason people constantly say hodl +Hello, +So, I just want to know for someone who saved up like a million dollars, the easiest most straightforward way of investing is by far buying a house and rent it out right? Or are there easier low risk ways to make money with 1 million? +Thank you! +Soldier who saved the majority of his money with deployments and eating at the chow hall majority of the time. I did not purchase a vehicle or get any loans. + +One year left in the Army and I want to start thinking about investing. I want to make my money flip, so I am willing to make big investment. Any ideas for me? + +EDIT: I can live with family after I finish my service rent free. +There’s clearly a lot more to this (and they definitely aren’t broke yet) but if they do go into external administration it’ll be the biggest construction insolvency in years if not decades. + + +https://amp.theaustralian.com.au/business/building-giant-probuild-preparing-to-call-in-administrators/news-story/b8f2c9066fb221a22a8d5198fcf1ea50 + +https://www.heraldsun.com.au/business/building-giant-probuild-preparing-to-call-in-administrators/news-story/b8f2c9066fb221a22a8d5198fcf1ea50?amp&nk=9bf3f60e49302668b22b18a9e37d7c7d-1645587888 +There’s clearly a lot more to this (and they definitely aren’t broke yet) but if they do go into external administration it’ll be the biggest construction insolvency in years if not decades. + + +https://amp.theaustralian.com.au/business/building-giant-probuild-preparing-to-call-in-administrators/news-story/b8f2c9066fb221a22a8d5198fcf1ea50 + +https://www.heraldsun.com.au/business/building-giant-probuild-preparing-to-call-in-administrators/news-story/b8f2c9066fb221a22a8d5198fcf1ea50?amp&nk=9bf3f60e49302668b22b18a9e37d7c7d-1645587888 +As stated in the title, I would like to hear from people with a significantly down portfolio, especially those who invested in tech stocks. How do you cope? And do you consider changing your investing plan? +My TFSA AND RRSP are already maxed out so I can't DCA for the rest of this year. Is it a good idea to try to consolidate and using the funds from selling some of stocks I believe in less to DCA in the ones I believe in most? Thank you. + +Edit : I had the cash sitting in my bank account for years, and when I decided to invest it, I lump sumed it last november when everything was at or close to ATH. Then did the same for my 2022 contributions in January. +I read recently of George Taylor's 'Hemline index' which predicts that women's skirts get shorter in bullish times and longer in bear markets. + +I'm also noticing a lot more 'recession hair' at work (home cutting, roots growing colour out, DIY dyes etc.) +I have been a poor single mom for 11 years. I have been on and off of food stamps and Medicaid. I lived out of a camper with my daughter and dogs over the summer and traveled across the country. I found a job that is work from home permanently and gave me the ability to get away from high cost of living city and for the first time in my entire life, I paid all my bills ON TIME! And I had money left over. I put in to a savings account and I finally at 35 years old I feel confident that I’m off to a good start. My car is on its last legs but I do not have to drive much so there is time to save up for one. I’m just so relived. I’m still living poor so I can pay off some old debts to raise my credit. But being able to have nothing on the verge of being canceled is the best feeling I’ve ever felt. Not many people will understand, but I feel like you guys will. Thank you all for the posts I lurk in. I didn’t feel so alone or crazy. +All I seem to read on this sub is how each rate rise increase (regardless of whether it is 0.5 or 0.25%) isn't high enough, that the RBA is run by a pack of Monkeys that have no idea what they are doing and their decisions are having no impact on inflation data. + +Perhaps I'm the crazy one on the bus here but I for one have definitely felt the impact of the rate rises. I settled on my property in June and since have had my repayments increase by close to $1000 a month which is really stretching the budget thin. Now don't get me wrong, I'll get by but I am definitely feeling the hurt and am praying for the day that it stops. + +Seems like everybody here wants to keep going higher which begs me the question, are you actually in the direct firing line or are you either + +a) Renting + +b) On a long term Fixed Interest Rate + +In which case I'd argue that you could not effectively comment on what the increases are doing because it actually isn't changing your life in the slightest. Sure you can still have your opinion on what you want to happen but just feels like 90% of this sub wants rates to hit bloody 10% or something silly. + +Anyway, as stated above. How many of us here are genuinely impacted by the rises and what are you doing to get by? +As I am doing my new graduate applications and writing cover letters for next years new grad programs I think I'm either getting cold feet or regrets about getting into my chosen field (Nursing) and definitely suffering from 'grass is greener syndrome'. Growing up teenage me always thought he would be in a much cooler, highly respected and higher paying job such as a firefighter, fighter pilot or lawyer. Then he grew up and faced reality. + + +However I have a feeling said jobs also have their trade offs or not so glamorous moments like any other job really. So regardless of industry or profession if your job pays well above median/average, is extremely competitive to get into or is highly desired/sought after or respected; What are the less glamorous things about it that one one else knows ? + +Thank you for your time and have a nice day. + +Edit: I know this isn't directly finance related but r/auscareers doesn't exist and given the nature of this sub I have a feeling people on higher incomes are more likely to gravitate here. And not sure if r/aus would be of any help. + +Edit 2: WOW this blew up big time ! Thank you everyone who contributed and for sharing your wisdom ! Also thank you to everyone who gave me their kind words, encouragement and support ! I highly appreciate it ! +Let's say my goal is $4,000/month in net income. If each mortgaged property is cash flowing $200/month, then I would need 20 properties to reach my goal. + +But if those homes each cash flow $1000/month after they're paid off, then wouldn't it be easier to just acquire 4 properties and then pay them off aggressively? It seems far easier to manage 4 instead of 20. Plus it's easier to get 4 mortgages than 20. + +I understand that interest rates are low and that your tenants could pay off your mortgage for you, but that takes 30 years. I'm sure I could pay off 4 little houses in the midwest faster than that. +**$GME wont be available for the Short\_wanksters anymore** + +[https://www.nyse.com/markets/nyse-arca/notices](https://www.nyse.com/markets/nyse-arca/notices) + +Short sale restrictions > Map with 2021 in the name > 202102 > in the excel sheet +Hey fatties, + +I'm looking to buy a home at around $2.5MM in Florida. + +Here's a quick overview of assets: + +* Age 37, married, no kids. +* $2.5MM actual cash (yes, like in a bank account, don't @ me). I would like to leave at least $500k in here. +* $6.5MM in individual investment accounts, mostly boring index funds. +* $1M combined between me and my wife's 401ks. +* About $1.5MM in real assets (two homes, cars, etc). The two homes will be rented out after we move to the tune of about $8,000/month in rental income. + +I'm trying to navigate the "smartest" way to handle the new home purchase. A year ago this was much simpler with mortgage rates being sub 3s, but with the recent rate increases and market volatility I'm now not entirely sure the best path. + +* I could withdraw a little bit from investment accounts and just pay full cash. +* I could put down like $2M get a traditional mortgage for the rest, but with rates so high this seems like a bad idea. +* Security/asset backed loans? I admit I don't know much about these and their pros and cons, I'm hoping one of you 300IQ-ers can school me. +* What other options are available? +Edit: I am aware success is different for everyone. This question was asked with the idea of everyone answering with their def of success. + +&#x200B; + +Sorry if this is so personal but I am really curious, looking for motivation, and want to ask some questions based on answers here. + +&#x200B; + +How many properties do you own? What kind of money have you made? Any advice? +I posted my interpretation yesterday with a pic of RC's Sears tweet, but it got taken down by mods because it was thought to be another redundant sharing. But it wasn't! I think most of the interpretations I've seen of the tweet (it's ARS: annual report to shareholders) or, as u/rensole put it this morning: "it could be how Sears had it's downfall in 2018 [https://www.investopedia.com/news/downfall-of-sears](https://www.investopedia.com/news/downfall-of-sears/) ... or it could be a cheeky reference with the 'Rip Dumb ass' tweet that this is slowly happening to the SHF." + +**None of those explanaitions is satisfying to me.** + +I can see why people thought RC was communicating "ARS" with the pic looking as it does, but **an annual report to shareholders doesn't seem like significant news.** The last [form K-10 that the company filed](https://investor.gamestop.com/node/18661/html) ( u/boomer_here2222 rightly pointed out that it's form 10-K, not K-10. I am ape!) was in March to summarize **fiscal year 2020**, which ended January 30, 2021. That report is DONE for the year, and shouldn't appear until next year. + +We all know there's an annual meeting next week that perhaps could have follow-up material for shareholders (another ~~K-10~~ 10-K? unlikely), but that's not something RC needs to clue us into. We're about to have Q1 results, the followup shareholder call, and then the meeting. Anything they would write down will have already been said/seen. + +**So what is RC saying? What WOULD be significant for us to know?** + +It's just my smooth-brained opinion, but I think "SARS" is what is being communicated in that tweet. It's clear the "E" from SEARS is being removed, and in the process part of the S got destroyed as well. But it's still there. It's just my opinion but SARS is the spicier interpretation. + +Why? + +# SARS = Suspicious Activity Reports + +[https://www.investopedia.com/terms/s/suspicious-activity-report.asp](https://www.investopedia.com/terms/s/suspicious-activity-report.asp) + +It's a [report you file under the Bank Secrecy Act](https://www.occ.treas.gov/topics/supervision-and-examination/bank-operations/financial-crime/suspicious-activity-reports/index-suspicious-activity-reports.html). **It's not readily available for us to find, so the only way we might know is through a clue like the one RC left for us.** He's saying, "I've seen the initial voting numbers and we've filed a report. We're on it." + +"Under the [Bank Secrecy Act](https://www.fincen.gov/resources/statutes-regulations/fincens-mandate-congress) (BSA), financial institutions are required to assist U.S. government agencies in detecting and preventing money laundering, such as: + +* Keep records of cash purchases of negotiable instruments, +* File reports of cash transactions exceeding $10,000 (daily aggregate amount), and +* Report suspicious activity that might signal criminal activity (e.g., money laundering, tax evasion)" + +# Wouldn't it be more helpful to know that GME has filed a suspicious activity report than that it files an annual report to shareholders every March? + +# I think so too. + +🚀🌕💎🤲🐵🍌🍻 + +EDIT 1: additional information + +Check out [https://www.fincen.gov/sites/default/files/sar\_report/sar\_tti\_15.pdf](https://www.fincen.gov/sites/default/files/sar_report/sar_tti_15.pdf) to see how Suspicious Activity Reports are used. I couldn't copy and paste from this doc, but here's a screen shot from p.18 re: shorts. + +https://preview.redd.it/swwsmeoi39371.png?width=2572&format=png&auto=webp&s=9025d98e2c59ae98bb39739e549d28482281dd39 + +EDIT 2: u/A_N3rdy_Guy made a good point that maybe someone with more wrinkles could help us understand. He writes, "So I don't have enough wrinkles to say for sure. But suspicious activity reports are for banks to file, not individual companies. It says so in the link you provided. I work for a bank and have yearly trainings about fraud, and Sars is a topic. I don't deal with fraud day to day so I don't know a ton about them. But I don't think they are used for the type of suspicious activity we are dealing with in the stock world. Somebody may know more about them and can comment. But wanted to offer a counterpoint to look into. " + +My thought: maybe Jeffries filed the report? + +&#x200B; + +EDIT 3: (tagging u/A_N3rdy_Guy) Did some digging and this is what I found on the Thompson-Reuters site regarding SARS: + +[https://legal.thomsonreuters.com/en/insights/articles/what-is-a-suspicious-activity-report](https://legal.thomsonreuters.com/en/insights/articles/what-is-a-suspicious-activity-report) + +## Who can report suspicious activity? + +A suspicious activity report can start with any employee within a financial institution. Employees are generally trained to flag and investigate suspicious activity. For example, if an employee notices an anonymous wire transfer of money out of the country or large amounts of money deposited into an account that had never seen such activity before, they would communicate their findings to supervisors who decide whether to file a report. **While most SARs come from the financial sector, law enforcement, public safety workers, city or state officials, business owners, and even the general public can submit a suspicious activity report.** The report functions in the same way as it does with financial matters. Whether it is a financial matter, or one related to national security, a suspicious activity report ultimately circulates to local, state, and federal agencies through the use of fusion centers. These centers make the information available to whatever other agencies may be affected by the flagged activity. + +&#x200B; + +# EDIT 4: tl;dr: GME likely filed a Suspicious Activity Report after seeing initial voting results. These are most often filed by banks, broker dealers, insurance companies, etc., but can be filed by anyone who suspects illegal financial activity. + +EDIT 5: changed K-10 to 10-K form + +EDIT 6: Also, these seem to validate the idea that SARs can be filed to report short selling abuses: [https://www.sec.gov/enforce/34-89404-s](https://www.sec.gov/enforce/34-89404-s); [https://www.sec.gov/enforce/34-86970-s](https://www.sec.gov/enforce/34-86970-s). +