diff --git "a/reddit_finance_43_250k_16.txt" "b/reddit_finance_43_250k_16.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_16.txt" @@ -0,0 +1,10000 @@ +3. **Margin of safety.** This means that you only purchase securities that are trading at a significant discount to intrinsic value. For example, if you think a business is worth $10 per share and you want a 50% Margin of safety, you would only purchase the stock if the price dropped to $5 per share, assuming the underlying business is worth as much as before by your estimation. In my experience, some businesses require larger Margins of safety than others. Large, established brands with huge economic moats and competent management may only require a 20% Margin of safety. + +*^(Disclaimer: This post and any of my comment replies are for entertainment and educational purposes only. This is not investment advice and I am not your investment advisor nor am I a registered fiduciary. Please hire a professional investment advisor if you're looking for advice specific to your situation.)* +Me and my teacher are homies, no one was being mean to eachother. My economic teacher, yes I’m a 17 year old degenerate, and I have been arguing all year about tesla, and now GME. He’s been teaching our class about bubbles (GME is a bubble it just hasn’t popped yet, there’s still profits to be made) in the market and is always talking down to me like I’ve got no knowledge in the stock market. He kept saying GME had no chance to pass $60 today because of hedge funds and such. I can’t bringing up that a short squeeze was possible. + +Today we argued abt GME. I told him it was going to the moon, talked about the short sellers, shitron and such. He called WSB a bunch of idiot millennials who will go broke, said the same thing about tesla. Today I had the honor of telling him to check GME when the ticker was at +79%. He stared at me pissed off and I said “how are your puts now e-trader”. + +Ik the dudes a ton smarter then me on economics I just thought it was funny + +Boys we took a dub today. All of that gets left behind us if we sell. Don’t let them win. + +Positions: GME Feb 26 ‘21 $115 call, 45 shares + +Edit: I have a custodial account, me and my teacher always mess with eachother like that I’m not “bullying him” + +Edit 2: I know I’m retarted I thought the story was funny cause he is smarter than me damn chill +Car insurance came in. They dropped the renewal by 15% just because I said I wanted to look elsewhere. + +It is a freaken game. The whole 'I need to see the manager' bull for authorisation to lower the quote. + +Years ago I would have felt bad. Now it is routine to ask for a better price. + +Edit 3 hours in. Thanks for the great replies everyone. I'll do my best to get some upvotes back at you. + +FAQ - I can choose an electricity provider in my area. It was meant to keep prices down but lots of people like '2014 me' just paid the bills as they arrived. No more. +In the last 24 hours Tether, the creator of USDT, has minted $1,500,000,000 worth of USDT out of thin air. + +Nowhere it is documented where the money which was just created comes from and where it actually went. + + + +Before 2019 Tether claimed 100% of its reserves would be backed by actual cash + +Suddenly in April of 2019 Tether claimed only 74% of Tether would be backed by "cash and *cash equivalents*" + +A pie chart (yes, this is how they want to proof their reserves) released by Tether in 2021 revealed that only 2,9% would be backed by cash + + +How much of it is actually backed of the $1,500,000,000 they somehow created in less than 24 hours? You can probably guess + +[(source 1)](https://www.ft.com/content/529eb4e6-796a-4e81-8064-5967bbe3b4d9) +[(source 2)](https://whale-alert.io/transaction/tron/1a23f7a875deb2120f7efca0b426772737c3d2fc1f51b07ba9f9418d8027552f) +[(source 3)](https://coinmarketcap.com/currencies/tether/) +This happens everywhere I go. +Car dealership, "So what do you want your monthly payment to be?" +Insurance agent, "Great so your downpayment is $XX and your quarterly payments are $XX" +etc.. + +Um, I want to know what the final out the door price would be? + +"Well tell me what you can afford and I'll see if we can make this work for you. So how much are you looking to pay a month?" + +Why is this bad? Because you cannot compare apples to apples with just a monthly payment. Sure they can make your monthly payment super low and just extend your term to forever so they make more money. Or for insurance purposes you cannot compare that policy vs another one. + +Also you should know the true cost of the items you are buying. Sure those $150 airpods at 5 bucks a month on your credit card is easy to afford. But once you factor in that 22% interest rate over how long it takes to pay it off were they REALLY worth the $180+ you just paid? + +I feel like majority of uninformed consumers should be considering the true cost of items vs they I can afford that monthly payment mindset. No wonder people live paycheck to paycheck thinking they cannot afford to have an emergency savings because all of their money is going towards those monthly payments. + +Wait emergency savings? I don't need that, I have available credit on my credit cards! +In the past year I've been much more serious about my finances and paying off debt primarily. I need some motivation to keep moving forward and have nobody to humbly brag too in real life. So I've paid down $13,000 in debt in the last 11 months and it feels great, I went from -$33,000 to -$20,000. 14k is my car note, ~1.5k on a credit card, and the rest is student loans. I just paid my mom the last $1000 I owed her from a car accident years ago, and she's the last person I owed money. Now it's just the feds and the bank. It feels really good to keep making progress even though it's so hard to see sometimes. Also for a little bit of perspective I'm 22 M now working to keep paying down that debt and save up to get out of moms house lol. Cheers everybody + +Edit: Wow!!!! I never expected this post to blow up like this. My first ever awards on reddit!! :) <3 thank you so much. + +Thank you everybody for all of the heartfelt comments , they're very much appreciated and I'm feeling extremely motivated to keep this train moving!!! A bit more background, I work in construction mon-sat and deliver subs on sunday. Construction is where I make the bigger money, but I oftentimes have to drive very far (2hours a day,) which is why I've allowed myself this 14k car note, as It's on a 2018 vehicle, low mileage and manual transmission. Aka very reliable. Also Made in my home country so cheap to maintain. I have been using the debt snowball method. +[source](https://www.moneycontrol.com/news/business/citigroup-to-shutter-retail-banking-operations-in-13-countries-including-india-6774521.html) + +*The 13 nations Citibank will pull out from are Australia, Bahrain, China, India, Indonesia, Korea, Malaysia, Philippines, Poland, Russia, Taiwan, Thailand, and Vietnam.* + +Notably, investment banking operations will continue in markets where the company is exiting consumer operations. +I've(25F) always been under the impression that this is the case. Probably because that's what my parents told me, but were they talking about just like bills or is there something else? + +I can see how following the 'get married, buy a house, have kids' can be expensive but I don't really want any of those things. I can also see unexpected medical bills, potentially more so when you're older. But is there something I'm missing? + +I ask because I'm at a crossroads where I can continue a job that stresses me the heck out OR I can try something else. I'm just concerned that my constant hopping around will make for lower financial stability in my older years when I may need it. +Are academic degrees losing their relative power? No doubt that they have but by how much? And at what rate will they continue to decline? What are the actual values of a general bachelor's degree by subject? A Masters? A Ph.D.?. This is a question I am interested in pursuing as an MA research topic. I have yet to find any economic research on the topic so I figured I would reach out here to see if anyone had any sources for papers or articles written by economists (or other similar researchers) on the topic. + +Any feedback would be greatly appreciated and yes I am aware of some economists' views of degrees as signaling but I am more interested in the relative "purchasing" power of various degrees now, compared with years prior. + +Cheers. +\- BCG have awards from the Federal Government dating back to 2009, but it wasn't until 2016 that we see an explosion of awards going their way. + +\- The $$$ amount has been increasing every year since 2016 + +**This poses the question:** Were these contracts awarded in good faith or do they have rats in our Government awarding our tax money to themselves? + +&#x200B; + +**THIS IS NOT AN ACCUSATION, I'M MERELY PRESENTING VERIFIABLE FACTS** + +&#x200B; + +1. Mitt Romney got his start at Boston Consulting Group: [https://www.rollingstone.com/politics/politics-news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-183291/](https://www.rollingstone.com/politics/politics-news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-183291/) +2. Guess who sits on the United States Senate Committee on the Budget, the Committee responsible for drafting Congress's annual budget plan and monitoring action on the budget for the Federal Government? **Mitt Romney.** +3. Nearly 70% of BCG's total award amount comes from the Department of Defense. Guess who sits on the United States Senate Committee on Homeland Security and Governmental Affairs (and Subcommittee on Emerging Threats and Spending Oversight)? **Mitt Romney.** +4. Nearly 23% of BCG's total award amount comes from the Department of Health and Human Services. Guess who sits on the United States Senate Committee on Health, Education, Labor and Pensions? **Mitt Romney.** + +**CONCLUSION:** These data points may all be coincidental, but one thing is for sure, those are some high priced consultants that the tax payers paid for. Some might even call them: *OVERPRICED* + +&#x200B; + +**SOURCES:** + +Here's an overview that breaks down the numbers: + +[https://www.usaspending.gov/recipient/56fc3a42-7aa4-b007-e8de-b6878f527b0f-P/all](https://www.usaspending.gov/recipient/56fc3a42-7aa4-b007-e8de-b6878f527b0f-P/all) + +&#x200B; + +Here's the list of contracts awarded to them: + +[https://www.usaspending.gov/search/?hash=e58490d9982b6efde5f84ab6dab4f3e6](https://www.usaspending.gov/search/?hash=e58490d9982b6efde5f84ab6dab4f3e6) +Nothing was taken luckily but all they’ve basically done is left a voicemail to apologise and asked me to call back to discuss. As usual, my return call wasn’t answered. + +I understand that there’s not much more they can do about the unlocked door except apologise, but I would like to get some compensation for the lights being left on as surely this will drive up our next electricity bill. +What do you think my chances are of receiving anything? + +Obviously I won’t allow an unsupervised inspection ever again…. + +Edit: as some people have kindly pointed out, lights don’t cost as much now as they did when I was a kid. I’ll forget about electricity compensation but I am still mad about the door issue. +I do feel lucky that nothing was taken. Hearing some of these stories is simultaneously putting this into perspective and sapping what little respect I had left for agents +# LET'S GET READY TO RUUUUUUMBLE! + +Hello there fellow PENNY PUMPERS and MEDV FREAKS! Welcome to tonight's MAIN EVENT! + +Despite the WWE-styled theatrics, this really is meant more of a simple comparison that will illustrate how severely undervalued MEDIVOLVE is, using a competitor as an easy example. + +This is not investment advice, and certainly not meant as a bash of CBDT, which has had a stunning performance in recent weeks. It is moreso meant as a detailed rationale of why I personally believe that MEDV is extremely undervalued at the present time. Much of these numbers below are inferred from webinars and other documents released by these companies, and so I can't take any kind of responsibility for the accuracy of this post. But I welcome any corrections or additional info in the comments and I will add to the original post. + +**LET THE GAMES BEGIN!!** + +# **DING DING** + +\--- + +# IN THE LEFT CORNER.... + +**MEDIVOLVE**($MEDV on NEO / $COPRF on OTC) + +Current Share Price: $.38 CAD ($.30 USD) +Outstanding Shares: 149.8M +TOTAL SHARES (including warrents / options / etc): 180.6M +Market Cap: 54.18M USD +Estimated Q1 Revenues: $30-$40 Million USD + +Company Description (as supplied by company) :Medivolve Inc. (NEO:MEDV; OTC:COPRF; FRA:4NC) seeks out disruptive technologies, ground-breaking innovations, and exclusive partnerships to help combat COVID-19 and generate remarkable risk-adjusted returns for investors. Specifically, Medivolve offers investors a diversified investment in the COVID-19 medical space across three areas; prevention, detection, and treatment. + +Medivolve’s primary focus is to provide convenient and assessable medical services for testing of the COVID-19 virus to help combat the pandemic. This is achieved largely through two acquisitions: 100% of Collection Sites, LLC and 28% of Colombian Sanaty IPS. Collection Sites is setting up a series of COVID-19 testing sites across the United States with appointments and payments will be handled through the online portal [www.testbeforeyougo.com](http://www.testbeforeyougo.com). Sanaty is setting up a series of full-service medical clinics offering a complete COVID-19 testing solution. + +**Important Facts:** + +* **Main business focus** is providing accessible COVID Testing across the USA via their "Collection Sites", with the option of three types of testing available from $59 - $179 USD per test (the vast majority of customers have been opting for the $99 Rapid Antigen Test). + * 78 Collection Sites currently active (although some were temporarily closed in Texas due to extreme weather of mid-February) + 33 new sites coming soon. + * \^\^ This is a 144% increase from 32 Collection Sites operational across the USA in January + * Plans to roll out 740 COVID-19 testing sites currently "under contract" across the U.S., with the potential for up to $428K USD of monhtly revenues PER collection site. (according to [Investor Presentation](https://medivolve.ca/pdf/Medivolve-Investor_Deck-31-Jan-9.58-am222.pdf)) + * January Sales of 73,973 Tests TOTAL at an Average Price of $96 per Test = **$7.1 million USD revenues for January**, *from only 32 Collection Sites* (Feb. 4, [source](https://finance.yahoo.com/news/collection-sites-provides-january-sales-123000629.html)) + * Reported serving 200,000 customers so far during Feb 22 Webinar (this webinar has not yet been made public sadly), which would = **$19.2 million USD in revenues in Q1 as of Feb 22** (if $96 average price remains) + * \^\^ It is unclear whether this may include some tests done in December 2020, however even if averaged over 90 days (Dec-Feb) this still indicates **well over 2000 Tests Per Day!!** +* **Secondary business focuses** include: + * 40% Ownership in Marvel Diagnstics' BlowFISH collection technology (ie. Covid and other Medical Testing through a simple breathalizer, which would replace nasal swabs) - [more details](https://finance.yahoo.com/news/medivolve-announces-investment-marvel-diagnostics-123000452.html) + * 100% ownership of Covixshield, a non-toxic disinfectant that converts into a protective shield when air dry, killing the coronavirus among other pathogens for up to 90 days after only 30 seconds of contact. - [more details](https://finance.yahoo.com/news/medivolve-enters-agreement-acquire-100-143000181.html) + * Transition of Collection Sites to eventually offer other services including blood work, vaccines and shots, telehealth, etc. However, this is really where Medivolve falls behind Empower in my opinion, is that they haven't established as clear of a plan for the company's future. +* Recently launched **$600,000 Investor Awareness Campaign** to take place over the next 3 months (began on Feb 24, [source](https://finance.yahoo.com/news/medivolve-announces-launch-investor-awareness-123000911.html)) with 3 different marketing companies: *Amherst Baer Marketing Services*, *Winning Media Marketing Services* & *EMC Marketing Services*. \[[source](https://finance.yahoo.com/news/medivolve-announces-launch-investor-awareness-123000911.html)\] + +**Q1 2021 Bottom Line:** + +* Revenues : Anticipated Q1 Revenues of ***$30 Million - $40 Million USD***\*, which in one quarter is 55-78% of their current Market Cap!\* + * \^\^\^ T*his estimate is only testing revenue, and does not include any other potential revenues from BlowFISH or Covixshield.* +* Margins : Medivolve has stated that their EBITDA margin is 55% [\[source\]](https://medivolve.ca/pdf/Medivolve-Investor_Deck-31-Jan-9.58-am222.pdf) + +**Upcoming Catalysts:** + +* Updated February Testing numbers to be released any day now. Expected to be over 100,000 or 3,500+ per day = $9-10 million in revenues at least in February +* Official Q1 Financials expected in early April +* Possible commercialization of BlowFISH Technology +* Possible commercial orders of Covixshield being announced. + +**More Info:** + +* Investor Presentation: [https://medivolve.ca/pdf/Medivolve-Investor\_Deck-31-Jan-9.58-am222.pdf](https://medivolve.ca/pdf/Medivolve-Investor_Deck-31-Jan-9.58-am222.pdf) +* *Test Before You Go* Website (public facing site for boooking a MEDV test): [https://testbeforeyougo.com/](https://testbeforeyougo.com/) +* Earlier Reddit DD on Medivolve: [\[](https://www.reddit.com/r/pennystocks/comments/l9orij/medv_coprf_additional_dd/)can't post due to this subs rule of not promoting other subreddits in posts...\] + +\--- + +# IN THE RIGHT CORNER.... + +**EMPOWER CLINICS**($CBDT on CSE / $EPWCF on OTC) + +Current Share Price: $1.30 CAD ($1.03 USD) +Outstanding Shares: 295M +TOTAL SHARES: 350M +Market Cap: 360.5M USD +Estimated Q1 Revenues: $16-$20 Million USD + +Company Description (as supplied by company) :*Empower* is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders. + +**Important Facts:** + +* The share price of Empower has increased by nearly 400% already since January 1st. +* Main business focus is to us COVID Testing funds to fund the expansion of a network of privately run clinics in the USA & Canada that focus on the following care: Family physicians, Walk-in physicians & Tele-medicine and virtual care; as well as paramedical care including: Chiropractic, Physiotherapy, Registered Massage Therapy, Chiropody, Acupuncturists, Osteopaths and Nutritionists. + * Currently has **6 clinics** in the US that pull in a total of approximately $2.4 million annually -- all together approx. $600,000 USD in revenues for Q1 + * Recently announced the locations of 3 clinics in the greater Toronto area ([source](https://finance.yahoo.com/news/empower-clinics-announces-locations-first-084500108.html)). It is very unclear in [their press release](https://finance.yahoo.com/news/empower-clinics-announces-locations-first-084500108.html) how much revues they truly expect from these 3 clinics, since they actually say 3 different estimations in the press release... however, as I understand it they expect $960,000 - $1,200,000 USD per year per clinic for now and $2,560,000 - $3,600,000 USD once each location is fully operational. It's unclear whether they anticipate any revues in Q1 from these clinics. + * Empower has a roll out plan of clinics with milestones of 10, 20, and 30 clinics. Currently they have 6 with the recent announcement of 3 more locations in Canada. +* Secondary business (which it is know best for) is it's COVID-19 Testing through it's wholly owned subsidiary KAI Labs, which has the capacity for up to 4000 tests per day. + * KAI Labs purchased by Empower in October 2020 ([source](https://finance.yahoo.com/news/empower-clinics-acquires-medical-laboratory-073000243.html)). + * KAI Labs has the ability to test for variants of the virus ([source](https://finance.yahoo.com/news/empower-clinics-kai-medical-laboratory-083000387.html)), which I think is very important and it is not clear whether Medivolve has the capacity to do currently. + * Announced over 1000 tests completed by KAI Labs in one day for the first time on February 16th ([source](https://finance.yahoo.com/news/empower-clinics-kai-medical-laboratory-083000904.html)) which precipitated a significant increase in SP for Empower in the following days, followed by a more recent draw back in SP. + * Expected Test Numbers are as follows : + * January 2021 is expected to exceed 8,000 tests + * February 2021 could see daily rates hit 1,000 tests per day + * March 2021 could see daily rates hit 2,000 tests per day + * TOTAL for Q1 = approximately 100,0000 X $150 per test = **$15 million in Q1 revenues** + +**Q1 2021 Bottom Line:** + +* Revenues : Anticipated Q1 Revenues of ***$16 Million - $20 Million USD\*****, approximately 4-6% of it's market cap.* + * \^\^\^ This estimate would include $15 million USD from COVID Tests, $1 million from the US clinics, and up to $4 million in additional revenues from additional clinics opening, which I think is very generous. +* Margins : Unclear at this point what Empower Clinics margins are (I couldn't find this info, but if you have it please comment and I will add) + +**Upcoming Catalysts:** + +* Additional opening of clinics imminent (some estimate as many as 2 new clinics every month) +* February / March Test Numbers hopefully to exceed 2000-3000 per day. +* Q1 Financial Results in April + +**More Info:** + +* Investor Presentation: [https://www.empowerclinics.com/wp-content/uploads/2021/02/EMP-D2-2-W-FEB16-FINAL.pdf](https://www.empowerclinics.com/wp-content/uploads/2021/02/EMP-D2-2-W-FEB16-FINAL.pdf) +* Empower Website: [https://www.empowerclinics.com/health-wellness/](https://www.empowerclinics.com/health-wellness/) +* Previous DD on Empower: [\[](https://www.reddit.com/r/pennystocks/comments/l9orij/medv_coprf_additional_dd/)can't post due to this subs rule of not promoting other subreddits in posts... will add link in comments if it lets me\] + +\--- + +# HOW THEY STACK UP... + +**COVID TESTING** + +Medivolve is clearly leading the way in COVID Testing, which is not surprising given that this is 100% their primary focus. According to the numbers reported thus far, Medivolve has sold over 79,000 tests in January alone, versus Empowers approximately 8,000 tests for January. So for January at least, Medivolve appears to be selling 10x the tests that CBDT is selling. + +And if we believe Medivolves February 22nd claim that they have served 200,000 customers, that means on average from December to February they are selling over 2,000 tests per day. In that same time frame, Empower Clinics announced on February 16th that they processed over 1000 tests in a day for the first time... Definitely significantly behind MEDV's numbers, despite the flurry of share buying that this announcement precipitated. + +**To summarize:** + +**Medivolve (with a 54m market cap) expects $30 - $40 Million in revenues from COVID Testing in Q1** + +**Empower (with a 360m market cap) expects $15 Million in revenues from COVID Testing in Q1** + +\---- + +**OTHER POTENTIAL REVENUES** + +Empower definitely has a more proven alternate revenue stream, although at the moment it is not that substantial compared to their expected COVID testing revenues. Their 6 US clinics generate $2.4 million in revenue each year, whereas the COVID testing is set to bring in $15 million in Q1 along. + +Empower is also opening 3 more clinics in Canada in Q1, with approximately 2 more each month in North America. Empower expects these new clinics to bring in $3 million per year in revenues once they are fully staffed and operational. Why then does their 6 US clinics only generate $400,000 each for a total of $2.4 million annually in revenues? If it is possible for each clinic to generate $3 million in revenue every year, why are the 6 existing clinics only brining in $400,000 each per year? I would love if someone could please explain this to me... + +Medivolve on the other hand has the unproven technology of the BlowFISH breathalizer tech and also the Covixshield long-term surface sterilizer. Both of these items could prove commercially viable, but neither has been proven. If the BlowFISH tech is approved for use in the USA or Canada, this would be very significant news, as testing for COVID via rapid breathalizer tests could really accelerate re-opening plans, mass events, travel, etc. But at this point it is not clear how close to commercialization BlowFISH is. Covixshield on the other hand seems to be available for possible orders through their website, so it will be interesting to see if there is any traction with this product in the remainer of Q1. + +**To summarize:** + +Empower expects additional revenue in Q1 of possibly around $1 million, with an ambitious clinic opening strategy to continually add to revenues throughout the remainder of 2021. + +Medivolve does not appear likely to have additional revenues in Q1 beyond that of COVID Testing. However, sales of Covixshield are possible. + +Bottom line here is that both companies are really relying primarily on COVID Testing for Q1 revenues, but Empower has a stronger plan for diversification for the future. + +\--- + +# WHICH IS A BETTER BET FOR INVESTORS.... RIGHT NOW? + +Empower has already seen a tremendous rise in SP since the beginning of January, and at this point I am personally not convinced that their SP will double or triple again in short order. Medivolve, on the other hand, certainly has this opportunity to double or triple in the coming weeks, although it has to overcome investor skepticism generated by lackluster SP performance in February. + +Empower overall has a stronger plan for the future, post COVID Testing. However, it's my personal opinion that COVID testing is going to be with us for many years to come, and that maximizing revenues by becoming a leader in COVID Testing will ultimately give Medivolve a greater financial runway to pivot in the future. + +Empower is in the process of rolling out 10, 20, even 30 fully staffed and operational clinics, which is ambitious but also incredilby expensive and complicated business, that certainly has its risks. I personally think Empower's estimate that ALL of these clinics will be bringing in revenues of $3 million each once they are setup is probably unrealistic, in the short term at least. If it was realistic, their 6 existing US clinics would already be bringing in close to this amount, but they are only bringing in $400,000 each annually so far. + +**Medivolve is the leader here in terms of COVID Testing**, **and this is not at all reflected in their current SP.** I could see the MEDV SP double or triple in short order once their Q1 revenues are realized and their shareholder relations improve through their new $600k shareholder marketing push. + +Medivolve is likely to have over 100 testing sites across America by the time Q1 is over, and according to their current numbers they have significantly surpassed Empower's testing numbers. If Medivolve does end up posting $30-$40 Million in revenues from COVID Testing in Q1 as is expected from the information available, I can not fathom how the share price could not increase at very least to the .50-.80 cent range. **$30-$40 Million USD in Q1 alone would be 55-78% of their current Market Cap!** But hey, it's the market and things don't always make sense based on fundamentals. + +At the same time as I am optimistic, I will caution that Medivolve has a lot of work to do to impress on shareholders that it can deliver both in terms of creating value for investors by increasing it's beaten down share price AND in creating a strong and smart plan to pivot the company into future viability... No small task, but one that I believe is possible. I actually think they might be an attractive company for acquisition, depending on how the next few months go. + +Bottom line for me is that I believe there is a strong chance that I personally will be able to make money off of MEDIVOLVE. I believe they have a very good chance at doubling or tripling their share price in the coming weeks... + +This is something that has ALREADY happened for Empower and that I don't see happening for them again soon. + +\--- + +# TL;DR + +I believe MEDIVOLVE has the potential to be an excellent short term play over the next month, as its $30-$40 million in projected revenues for Q1 clearly illustrate that this company is severely undervalued compared to it's competitors like CBDT. This, combined with a $600k Investor Relations marketing campaign, gives Medivolve a good chance at drumming up support from investors to positively impact share price in the next 4-6 weeks. + +Price Target: $1+ CAD by mid-April + +\-- + +**DISCLAIMER** + +**Of course this is all just my opinion and is not financial advice, nor am I a financial advisor. Do your own DD and don't complain to me about this or anything. Not my problem. I will probably be wrong now that I took the time to write all this shit.** + +**MY POSITION: 14000 MEDV Shares @ $.40 CAD** +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I recently won about $2.3 million playing the lottery in my state. Using a throwaway for obvious reasons. Note, this is AFTER TAX money, in my pocket now. No need to discuss annuities, etc. + +I'm 30 y/o, have a full time job making about $100k per year. I have about $125k in a 401k, an another $25k in cash. I understand a lot about finance, investing, etc. + +I don't want to buy a new house or car or anything major. I already own a $600k home with about $400k left in mortgage. + +What are your thoughts about what I should being doing with this cash? I'd like to make a few small donations to charities and schools. Should I pay off the mortgage? Invest in an index fund? Hedge fund? + +Can I comfortably retire now if I estimate a need of about $80-100k per year for a withdrawal? + +Thanks all. +We are a couple with one income around 90k annually. Have 3 yo son. We recently got a house as we are expecting another baby soon. We end up spending more than the income for last 6 months…on average 1k more than income. Hospital charges and furniture expenses are main culprits. What should I do to increase income (side hustle) or to decrease expenses? I decided to stop sending my child to daycare, but daycare expenses will come back sooner or later after second child is born. We barely spend much on eating outside, entertainment, travel, etc anyway. +Living in poverty fucking sucks. Most of the people who say “money isn’t everything” have never struggled financially in their life. Because if they have, they would know there isn’t a lot of shit you wouldn’t do for money in that situation. It’s not fucking fun. Being able to barely scrape by and not being able to afford basic shit like the dentist. Poverty has made me severely depressed. I think about suicide frequently. But apprently my feelings are invalid because “money isn’t everything” fuck off. We never claimed money was everything. MONEY IS THE BARE FUCKING MINIMUM TO LIVE A COMFORTABLE LIFE. It’s fucked up that a lot of us can’t even have that. +Denver city council has struck again. Renters and landlords were both against this but they just passed it anyway. Unbelievable, cities just want more and more money and more and more control. + +Also, just think that this is being added while there have been ongoing eviction moratoriums.... + +https://www.denverpost.com/2021/05/03/denver-landlords-rentals-long-term-license-new-law/ +The ETF's that have been pushed hardest on this subreddit are the one's tanking the hardest. + +Just funny the way things work. People follow the crowd (ETF's already up 100%), but fail to be forward thinking and invest in the next 100% ETF. + +ARK + +ICLN + +QCLN + +LIT + +PBW + +TAN + +YOLO + +LIT + +ESPO + +HERO + +CLOU +I posted here a few weeks ago about trying to afford an apartment. In my post, I mentioned I was a candidate for a much better paying job. + +I got said job. I got my first paycheck a week ago. + +Today, on my usual Aldi grocery store run, I saw a toy I had been wanting to buy for my child. If you know Aldi, you know these items are not consistent. I had been looking for months, and it - if it was even on special that week - was sold out. + +A few weeks ago, I would have picked up the toy, sighed, and stared at my cart - mentally calculating what I could put back to stay within my allotted budget for the week (usually $45) in order to buy this $12 toy. + +Today, I put it in my car. Just like that. I didn't even have to worry about the $12. + +I got to my car, and now I'm so overwhelmed with relief, I'm emotionally typing out this Reddit post. Because I just have to have some kind of pressure release. A lot of people don't understand what it's like to be working poor. Y'all do. You get why I'm overcome with tears. + +Just had to share. + +ETA: I was so excited about this damn toy I forgot to include - yes, I DID get approved for an apartment. One that the rent still leaves me enough money for cushion. I have money in savings now. I'm going to finally be getting ahead. + +EDIT 2: Holy cow this blew up! I really appreciate all the kind words. I've been struggling financially for quite some time due to my spouse's fiscal irresponsibility, Covid, and the wage gap in general. Any one else who is going through this, please - apply for the job you'd think you'd never get. The shortage is granting some opportunities that didn't exist even just a few years ago. Hugs to you all. We'll get through this. +i’m broke + +edit : i am not trying to get anyone to give me money, i was looking to see if there were ways to get money online or anything like that, that is all!!!! +So, I finally got my first paycheck yesterday. (I had to wait for my pay card which is why it came Monday instead of Friday.) It’s only about $71 because I only worked two days on it. I am terrified to spend it. I woke up this morning, and I’m hungry, and I know the logical thing to do is to go get some food, but I’m so scared. What if I spend the wrong amount? What if there’s an emergency, and I need it? + +My brain won’t shut off, so I just sit here and stare at it in my account and don’t do anything. Part of me wants to go out and buy the most lavish meal, but clearly that’s not responsible. The other part of me wants to buy $1 ramen. I have no idea how to budget. I have no idea what I’m doing here. Any and all advice is welcome! I’ve dropped a list of things I need down below, and if someone could help me decide what is priority and what can wait I would appreciate it. + +List of needs: +Food +Water (clean drinking water isn’t always available while homeless) +Shelter (hotel rooms are too expensive, but I may be able to find something on Airbnb) +Gym Membership (so I can have a shower when I have no place to stay) +Clothes (I need new clothes for work. I only have two outfits.) +Shoes (my tennis shoes have worn down to threads and I am now wearing my work flats everywhere and they are starting to look bad) + +That’s basically everything I can think of. If you’ve read this far, thanks for listening to me ramble. I’m just having a mini freak out. + 🔥 What is mystery Coin all about? + +Mystery Coin is an entire ecosystem of coins that will interlink with shared tokenomics. The concept is that each coin released on the ecosystem benefits the already existing coins. Visit their website and checkout the roadmap. The first coin has already been released (Mystery Brother) and that did over 300x on launch!! Do not miss the next release (Mystery Sister) that’s coming on June 24th at 20:00 UTC. Make sure you join the telegram for constant updates or to chat to the Devs in voicechat! + +Check them out on telegram - [https://t.me/MysteryCoin](https://t.me/MysteryCoin) + +Check out their website - [https://www.mysterycoin.family](https://www.mysterycoin.family) + + 🔒 Is this Safu? + +✅ Doxed Devs + +✅ Locked Liquidity + +✅ No Team Tokens + +✅ Ownership renounced after launch. + +✅ No false promises of projects that will never happen! + +✅ Big Marketing Budget + + 📣 Tokenomics (Sister) Launching 24th June! + +Sister is a bit of a pyromaniac and likes to BURN things! The purpose of this coin is to dramatically increase the value by rapidly reducing the supply. Sister will also burn 2% of her brothers’ tokens with every transaction! You MUST hold at least 50 billion Brother Tokens to purchase this coin right at launch. + +🤝 14% Burn + +🤝 5% Marketing + +🤝 4% Auto Liquidity + +🤝 2% Brother Burn + + 📣 Tokenomics (Brother) & Contract details + +Brother likes to SHARE his things! The purpose of this coin is to make all holders gains by heavily encouraging people to hold and benefit from the high reflection percentage. Brother also has a 5% marketing tax so that they can heavily invest in marketing and properly promote the coin. The one thing you can expect from this coin is that it will be everywhere! + + 🤝 15% Redistribution to holders + + 🤝 5% Marketing + + 🤝 3% Auto Liquidity + + 🤝 2% Burn + +Mystery Coin Brother (MYS) + + 🥇 Contract Address: 0x344424e5d0b3037c78c698609cd56b36e7481951 + + 📱 JOIN THE DISCUSSION!! + +[https://t.me/MysteryCoin](https://t.me/MysteryCoin) +Hi, + +First I just want to say I make no excuse for my past mistakes and poor money handling. I just want to give some context so everyone can understand why I have been terrible with money. + +I am almost 30. I was raised in housing commission, both my parents were in and out of gaol. I spent a fair amount of time in juvy. I dabbled in and sold drugs (with my dad) and that was my only job until I was about 23. I met my girlfriend at 22, she too had a similar background to me. Her dad died from a heroin overdose and her mum spent the bulk of her life in and out of gaol. Anyway, she somehow turned out perfect, went to uni and got a decent job. She convinced me to go to uni, I did. I relapsed a few times going back to doing drugs, drug dealing and what not. In the midst of this I racked up massive debts; car loans, Centrelink debt, credit cards, toll notices of all things... I even used nimble (and defaulted... 2 or 3 times from memory). Anyway, I was scum. My girlfriend really pulled me out of my slump, I realised I really needed to cut ties with everyone I know, including my family and move. I was lucky to not have an adult criminal history, I finished uni and got my first real job at 27. I was an absolute moron and am paying for it now. + +Now at almost 30, as of this week I have all my debts paid off. I still have incredibly poor credit history (score is 213). I have one default still listed on my credit report. That will still be on my history for 2 more years, I have 9 credit enquires also. I assume these disappear in 5 years also? If so, that will also be in about 2 years. + +I want to buy my own house with my mrs. I want to own something I never thought I could. I want to settle down, marry my mrs, have kids and give them everything I can. I just don’t know where to start. + +As a background, I now earn 98k PA +My girlfriend earns 60k PA +We pay $1600 rent a month +We live in Sydney and would like to buy in south west Sydney for under 650k. +We don’t have guarantor options or the option to move back home. + +I have heard about the 5% scheme, I have budgeted and we can save 5% within a year or 2 easily. But I assume I would not be approved due to my credit so I will have to save more. I know 20% is the standard recommendation but I am eager to just move forward in life... any thoughts? + +Any thoughts on the first home super saving scheme also? + +TLDR: I am an idiot with bad credit, how do I now buy a house? + +Thank you everyone +I recently paid $750 for a Vitamix blender and absolutely love it! We blend a lot and this is probably our 4th or 5th blender. This beautiful machine sits proudly on our benchtop. + +I also remember a really great night out I had with the missus before we had kids where we just went into the casino with about $100 each then just gambled, drank and ate until we ran out of money about 10 hours later. We had an absolute blast, met some fun people and enjoyed the very-hard-to-replicate thrill that is winning and losing money in an instant. Certainly don't regret that one, but also don't recommend it for obvious reasons. + +Edit: it’s awesome to see that people out there aren’t afraid to spend some of their money. While reading through this sub and some of the other finance subs on here, one can easily get caught up in trying to be frugal and even feeling guilty for spending their own money on things that make them happy. + +By all means cut spending on things that don’t matter to you, but don’t be scared to buy that robo-vacuum, or that motorbike, or that holiday or even a giant leather rhino. +From a historical perspective is capitalism “real”? + +In an economics course I took a few years ago, one of the things talked about was that many economists, and some economic historians, have largely ditched terms like “socialism”, “communism”, “capitalism”, etc because they are seen as imprecise. What was also discussed was that the idea of distinct modes of production are now largely seen as incorrect. Economies are mixed, and they always have been. + +I know about medievalists largely abandoning the term “feudalism”, for example. So from a historical & economic perspective, does what we consider to be “capitalism” actually exist, or is that the economy has simply grown more complex? Or does it only make sense in a Marxian context? + +I’m not an economic historian by training so I’m really rather curious about this +In particular, interested in hearing from those that reached FIRE through tech and may have more financially diverse backgrounds. + +I'm the 4th in a family with 6 children and my wife has 3 siblings as well. We are very close with all of them and their kids. Some of my siblings are middle class but others are scraping by. None are close to retirement and they don't know of my plan to retire soon. I'd love to buy a big vacation for us all or perhaps gift them something like new cars or something when I hit FatFIRE. Why? Because I think it'll be a time to celebrate and I want to do so with my best friends, who are my family. I know some of my siblings would genuinely enjoy that and be happy for me. I'm concerned that some others would feel resentment in accepting a gift like this. + +Anyone have good or bad experiences to share with this? +Right now, the trends and data indicate that Depression-level economic fallout from the covid-19 pandemic is a real possibility. The last time we saw a pandemic of this level was the Spanish flu in 1918-1919. But why did the influenza back then not devastate the economy like we are seeing now? Cities implemented social distancing nearly 100 years ago as well. So why did this not result in 20%+ unemployment rate and cratering of stocks? +For the purpose of this question, assume I'm extremely rich. Can I sell my house to someone for just $5 in the state of Ohio? Assume I pay all other fees included and the buyer literally just owes me $5 + +I know this is odd but I'm very curious if I can actually do it. +I am literally begging you guys — if there’s a fairly easy way to make some money from home, please enlighten me and educate me. I have been studying for my boards exam for almost 2 years now and can’t seem to pass this horrid medical exam. My whole life has just been on pause for almost 2 years now and I feel like a completely failure to myself and everyone around me who are all wondering when I’m going to pass this darn boards exam. I just feel like a total bum. Are there any legit easy ways of making money from home? + +I’ve tried signing up for some in the past and they make you pay a monthly fee — which defeats the whole purpose for me. Please let me know if you have any suggestions! Anything can help! Thank you for your time! +The only time I do is if someone smokes and drinks and complains that they can’t afford to feed their children. Apart from that, I couldn’t care less how other people spend their money. +I tried to Google it and a lot of people were saying that it is too low, but it seems like compared to most other countries it is very high. Is this just because of cost of living? +# + +https://preview.redd.it/yk7q3bvntml61.png?width=1602&format=png&auto=webp&s=4da710a1a5a0ab54ad63e59de93808ace97daa91 + +# Summary + +In late January I set the goal to double my account of $100,000 within six months. So far I have traded 25 days, and the account is currently at $171,700. I'm posting updates every weekend to help others learn from my successes as well as failures. + +I took 18 day trades this week, 15 winners and 3 losers. The most profitable day trades were in MDLA, GRPN, and PTON. These three trades all happened between 9:30 and 10:30 EST, in the first hour of trading. + +# [Dashboard](https://public.tableau.com/profile/nate8689#!/vizhome/GratefulTradingFundTracker/GratefulTradingFundTracker?publish=yes) + +Track my progress and see every equity traded [here, via Tableau Public](https://public.tableau.com/profile/nate8689#!/vizhome/GratefulTradingFundTracker/GratefulTradingFundTracker?publish=yes). This is updated at least once a week, from a report downloaded directly from the brokerage. + +# Scale Orders + +I used scale orders for the first time. Scale orders are useful in low volume conditions, including after and pre-market. This week I used a scale order to enter and then exit a trade in MDLA, which was the most profitable day trade of the week. The price was dropping steadily toward the support level I identified, and instead of setting a limit order at that level, I created a scale order starting 0.05 above and ending 0.05 below the level. The order began to fill steadily as the price entered the range, and by the time it began to bounce, my position was complete. I then moved on to the exit strategy below. + +# Profit Taking + +Once a trade comes into the money, I've started taking half the position off the table to lock in some profits, which allows me to set a stop price risking only these profits. With an OCO stop/limit order the outcomes are either 1) reap best-case-scenario profits on the second half, or 2) risk up to half of locked-in profits on a stop out if it goes the other way. With this exit strategy, you're only risking some of the money you already made. + +As always, feel free to ask questions and I will answer as many as I am able. Happy Trading! +Tony Hsieh, the CEO of Zappos, died yesterday in a house fire at the ago of 47. This is just a few months after retiring in August. He had a net worth of $840M upon retirement. + +Hopefully this can serve as encouragement or a reminder to those that are hesitant to pull the trigger and enjoy what they've worked hard for over the years. You never know when something will happen to you. +As stated in the title I have an AWESOME tenant who has been nothing but easy for the last 2 years. hOA fees are starting to increase. I am still cash positive for now - but after this next year it will be close to even. What is the best strategy for introducing a gradual increase in rent? Or is it worth keeping things where they are to not risk losing an exceptional tenant? +After dabbling in algo trading a bit, whether its making a simple BTC chart detection python algo on binance, or sophisticated commodity trading algo that scans for pattern in global climates.. surely we - solo algo traders, have found a profiting algo at one point or another. + +My question is: do you really have an alpha? or are you just riding the market's wave up? + +Institutions have serious hires when it comes to data scientists and quants, how can we ever beat them? This is almost a philosophical question.. same can be asked in the context of a tech startup. And the answer is, startups sometimes look where big companies dont, or they actually have an edge! (say a proprietary IP) +Today I had a tenant from a long time ago call me with a proposition. + +She found a property for a little under $300k that she liked. I was told that I should buy the property and rent to them. They would pay me $1,000 per month and also cut the grass. + +Now the kicker, this is a tenant that I previously had to chase down for rent every single month, moved out with no notice, had the police at the property several times, would call me to ask if she could borrow money because she was low (while behind on rent), and moved several people in without notice. She lived in a property with rent that was sub $1,000 per month. + +At first I tried to explain how that would not work and was a horrible “deal” as I would just lose money on this. I was told that since “I make more money than I know what do with” that it wouldn’t hurt me to do that and I should do the deal to be supportive. According to her, I did not need to rent properties to profit and it shouldn’t be allowed anyway. + +I laughed a little as I was not really sure I could follow the logic but whatever. I tried explaining that I would just go spend my money to have a good time with my family if I was trying to lose money, not pick up actual work. + +I was kind of surprised by the discussion but then again, I wasn’t. + +I realized I was wasting my time attempting to explain how investing works and ended the conversation. + +Anyway, I figured one of you guys would enjoy my frustration. + +Please tell me you have a similar story lol + +Edit: I posted this at 01:45 am because I got this entertaining phone all at 01:00 am +I know they are trying to set expectations but this is so misleading and almost enough to put people off using S&S altogether. Goes without saying they are recommending a couple of chosen stocks along with this brilliant strategy. + +So if you run those numbers, 12k x 8 = £96 000 of your own capital. Motley recon you can make up the remaining 4k via compounding gains over 8 years. + +This is around a 1% annual gain. Might as well stick to a savings account and save money on all the trading/account charges. + +[https://www.fool.co.uk/2021/11/13/how-id-invest-via-my-stocks-and-shares-isa-with-a-100k-target/](https://www.fool.co.uk/2021/11/13/how-id-invest-via-my-stocks-and-shares-isa-with-a-100k-target/) +Not saying I know anything but they have been teasing a major announcement on top of their already major celebrity power. Now is the time to get in and if you're reading this, consider yourself lucky AF. I know I'm personally sick of these "first name and pic" dox and "website in development" BS. Their entire team is actually doxed - here's CEO LinkedIn: [https://www.linkedin.com/in/karimquazzani/](https://www.linkedin.com/in/karimquazzani/). + +This is probably one of the most legit and underrated projects out there, but don't take my word for it - please DYOR and remember that this is not financial advice! + +**Project Details** + +$UPI aka Youpee is a crypto utility token from Pawtocol - $UPI was created as a way for animal’s in need to help themselves! + +Pawtocol is a global online community of pet lovers who are disrupting the pet industry by leveraging blockchain technology while monetizing data about their pets. + +Data is aggregated from IOT devices like our Blockchain Pet Tag, vets and more. Users maintain full control over the data about their pets. + +**What we do -** *Working to create a better, safer pet industry* + +1. Help a global community of pet parents collect and process data about their pet's well-being through the use of sensors and professionals to help prevent illness through tailored care and nutrition instructions. +2. Give users a Universal Pet Income (UPI Token AKA Youpee ) that compensates them for the value of the data they provide to the network. UPI can be exchanged for products and services on the platform. +3. Help eliminate predatory marketing practices while recommending medicines, foods, treats, and toys from providers proven to benefit pet well-being. + +**How we do it** + +*Rewarding Participation - We want to make sure everyone feels rewarded when using the Pawtocol app.* + +* Userbase - With UPI and points for sharing data about their pets, shopping, reviewing products and more +* Businesses - By putting them in front of pet parents that our AI thinks would benefit from their product or service + +*Artificial Intelligence - Bringing the world's most powerful technology to pet owners.* + +* Health Tips - The AI is always analyzing trends, assessing risk and providing advice making your job as pet parent easier +* Recommendations - By analyzing relevant breed and location data the AI's suggestions get smarter as it gets to know your pet + +*IoT Technology - Using IoT sensors and embedded tech to collect and share pet data* + +* Blockchain Pet Tags - Your pet brings their data with them everywhere and it shares what you want people to know +* New Devices - With the ability to integrate 3rd party and official IoT devices, no pet data is out of reach + +**Features** + +* Virtual pet adoption - sponsor a pet from a shelter +* Animal NFTs - a marketplace dedicated to pets with a set amount proceeds donated to Animal Welfare Organizations +* Blockchain Pet Tags - connect a pet to the Blockchain with the app that also CREATES NFTs! +* Treat! Toys! Foot! - Pet’s can earn $UPI with the data they generate and for their own shopping! + +🦄**Tokenomics**🦄 + +* Total supply: 1,000,000,000 +* Circulating supply: 252,924,377 +* Market Cap: coingecko.com/en/coins/pawtocol +* Token Transparency Statement - t.me/PawtocolNews/279 + +💹**Where to buy**💹 + +* Probit - [https://www.probit.com/app/exchange/UPI-USDT](https://www.probit.com/app/exchange/UPI-USDT) +* Bitforex - [https://www.bitforex.com/en/spot/upi\_usdt](https://www.bitforex.com/en/spot/upi_usdt) +* UNISWAP - [https://app.uniswap.org/#/swap?outputCurrency=0x70d2b7c19352bb76e4409858ff5746e500f2b67c&theme=dark&use=V2](https://app.uniswap.org/#/swap?outputCurrency=0x70d2b7c19352bb76e4409858ff5746e500f2b67c&theme=dark&use=V2) + +🐶**Other Links**🐶 + +* 📍Telegram Channel - [https://t.me/pawtocol](https://t.me/pawtocol) +* 📍Website - [https://pawtocol.com/](https://pawtocol.com/) +* 📍CMC - coinmarketcap.com/currencies/pawtocol/ +* 📍CoinGecko - coingecko.com/en/coins/pawtocol +* 📍Etherscan - etherscan.io/token/0x70D2b7C19352bB76e4409858FF5746e500f2B67c +* 📍Whitepaper - pawtocol.com/whitepaper +Hey guys, I'm in highschool and just had my first economics class this year and found it fascinating. However, the pace we're going at makes a glacier look like a formula 1 racing car, we barely did anything more than supply and demand. Apparently we'll only get to Keynes by the end of the second to last year ): I've watched crash course economics up to episode 15 which I like, but I think I'll finish it soon, so I wanted a little bit more of a challenge. + +I found that the two best introductory books were Mankiws' 'Principles of Economics' and Hayfords 'The Undercover Economist'. But which one is better for someone like me? +Here’s an interesting article on personal finance and schools now that we’re kicking banks out of schools + +https://www.abc.net.au/news/2021-02-12/financial-literacy-compulsory-subject-in-school-experts-argue/13135540 + +What are your thoughts on all this? + +As a parent I’m finding it challenging that with the move to cashless teaching kids has become a lot more abstract since you just tap and buy and everything is just magical. + +How do I do the digital piggy bank well? I’m using the Barefoot Kids thing with the jars and it worked really well until COVID. It’s been tricky since. +I've never liked tipping just because plenty of companies make billions from the service they provide, and I think they should be the ones paying more. It's the business that takes advantage of the employees, the customer, and possibly other businesses. This happens with ride-sharing apps, delivery apps, restaurants, bars, you name it. Oftentimes these businesses charge pretty dang high too. So why make the customers pay twice for the service? Also, why do people think it's rude not to tip? +It surprises me that this point has not come up more often, or if it has, I have not seen it often. I am perplexed that congress would even consider this bill as it will obviously stifle innovation in one of our strongest economic sectors and hurt the overall economy. It has been said before and often, but the entertainment industry has failed to create a product that is worth the price they want people to pay. They refuse to adapt and innovate, and instead want the government to legislate artificial demand for a product that isn't worth the price they want people to pay. I know there are ulterior motives regarding censorship as far as our government is concerned, but I am not sure why economists are not howling and screaming about the damage our government is going to do to our economy by passing this bill into law. + +/r/economics, what are your thoughts regarding this and how can we more effectively emphasize the importance of the negative impact this will have on our economy? +So I guess I'll share it here + +I paid off all my debt (about 3k maybe slightly more) in less than 6 months, my credit score shot up over 100 points, I was in the 500s now I'm at 734 according to credit karma (ik not accurate but I know there was serious growth) took a bit of a hit to my score with this car loan fiasco that was a huge mistake but it didn't cost me dearly, I'm just sure my score would be higher now if I didn't do that. I lost my job but have another source of income that plus my savings kept me afloat during this time and I got assistance. I have around 3,500 saved for an emergency fund, trying to build that to 10k so I've got a solid 6 month fund. I grew up homeless, in group homes, foster care etc and have never had much money. I'm 21 and I feel really good about what I've accomplished. I've also been able to finally travel outside of the US, and I'll be going back to school (likely at no cost to me) in September. I'm on a pretty good track with everything I'd say. I'm starting to get into the Robinhood app but nothing serious only invested under 100 bucks.and I plan on finding a job I can ride my bike to that hopefully pays a bit above min wage but that's TBD If anyone has any advice or anything like that I'm open to it! +We’re in a position where we would love to make the jump over to an EV because it is clearly, far and away the better option in almost every category except price. + +We are struggling with the absolutely ridiculous entry price of ~$60k to 80k for an EV that is even remotely useful for a young growing family, and dismayed at the fact that some larger car companies seem to have given Australia the cold shoulder. + +It’s unbelievable how few (if any) incentives there are to make the switch, and really hammers home how backwards this country is with anything to do with renewable energy and/or climate. + +Bit of a rant! + +Edit: not talking about Tesla, talking about Hyundai, Kia etc. +I recently won 80k on a scratchcard and I have around 15k in savings leaving me just shy of 5k from paying off my mortgage. My 5 year fix ends in May and I'm thinking of paying it almost all off + +Having a house paid off sounds great but would I be better off investing the money instead? + +What are smart ways to play this? I'm sure by the time my fix ends rates will be around 5pc for mortgages. +**Poseidon Project and its effect on our world** + +Poseidon platform will allow for the immutable tracking of carbon credits, ensuring that there is no double counting and that as much funding as possible gets to the projects that need it. + +Poseidon will make it easier than ever for consumers to measure their progress towards carbon sustainability thanks to the availability of transparent data. Poseidon can aggregate that data and present it in many ways, including grouping by geography, age and gender, among other demographics. + +Poseidon's strategic partner, Ecosphere+, is part of an impact fund and as such has extensive [impact reporting](https://www.ecosphere.plus/wp-content/uploads/2017/09/2017-althelia_impact-report-lowres.pdf) on the projects supported by Poseidon's platform. This data, along with photos, videos and updates from the ground are all available within Poseidon's app, so you can [see your impact](https://poseidon.eco/assets/documents/Poseidon-White-Paper.pdf#page=11) right down to the plot of land you've protected trees on. +I can’t imagine paying rent or making a car payment will stimulate the economy. Landlords/ banks may just retain the cash (because the economy is still shit and risky). Credit leads back to a bank. Perhaps some people will bank the money and pay a student loan. + +But I can’t imagine many people remodeling their kitchen or bathrooms with it. Maybe just the grocery store and target? + ***"I think almost anybody can draw \[on the\] lessons from Warren’s achievement at Berkshire. The interesting thing is you could go to the top business schools and none are studying and teaching what Warren has done." Charlie Munger*** + +And you're absolutely right, most business schools these days focus on academic rubbish like portfolio theory, quantitative finance, excessive diversification, and so on than big investors like Buffet, Munger, Li Lu, Mohnish Pabrai, Stanley Druckenmiller or Jim Rogers despise. Although it seems that Columbia Business School is the great exception. + +They have a Value Investing department called "The Heilbrunn Center for Graham & Dodd Investing" where they focus on teaching the margin of safety and the whole philosophy of Graham, it is taught by professors who have been successful in investing (not academics with unverifiable theoretical models), and has connections with the industry that invests in value, hedge fund such as Himalaya Capital Management, Pershing Square, etc. A great place to study if you want to follow in the footsteps of Buffet, Munger, and Graham. + +[https://www8.gsb.columbia.edu/valueinvesting/coursesfaculty/valueinvestingprogram](https://www8.gsb.columbia.edu/valueinvesting/coursesfaculty/valueinvestingprogram) +The deal was announced on Jan 18th 2022. In the announcement Microsoft said " The deal is expected to close in fiscal year 2023 " their fiscal year 2023 starts July 1 and ends June 30. The current price of ATVI as I'm writing this is 75.04, that means spread is 26.59% but that is for 9 months, it is ≈ 35% annualized. We know Buffett bought 9.5% of the company expecting the deal to go through ([https://www.cnbc.com/2022/04/30/buffett-berkshire-owns-9point5percent-of-activision-blizzard-shares-in-merger-arbitrage-bet.html](https://www.cnbc.com/2022/04/30/buffett-berkshire-owns-9point5percent-of-activision-blizzard-shares-in-merger-arbitrage-bet.html)) and Satya Nadella recently said that he believes the deal to go through as well([https://www.bloomberg.com/news/articles/2022-09-22/microsoft-ceo-is-confident-about-activision-deal-approval-handling-of-economy](https://www.bloomberg.com/news/articles/2022-09-22/microsoft-ceo-is-confident-about-activision-deal-approval-handling-of-economy)). I think this arbitrage bet offers a strong opportunity in the current bear market, especially given that Microsoft would only rank third in terms of gaming revenue after Sony and Tencent if the deal closes. I recently made an investment in ATVI and anticipate the transaction will close as well. What are your thoughts? + +&#x200B; + + I also talk about this in the end of my last video. Here is a link if anyone is interested: [https://youtu.be/XXkgdBrdoeM](https://youtu.be/XXkgdBrdoeM) +Here is what I think happened today. + +Looking at the options chain, 25k $50 call options expiring this Friday were purchased today. Assuming that the delta was .5, that is 1.25 million shares that was bought to gamma hedge. Then the price of the GME stocks started to rise causing a chain reaction in MMs covering. + +If you look at the $60 call options, 23k were purchased and assuming that the delta on that was .5, that’s another 1.15 million shares that were purchased to hedge. + +Another 17-18k options were purchased between $51-$59, which means around another million shares were purchased during the run up. + +This is entirely assuming that delta on those were .5. If the Delta was higher = more shares were bought. + +We’ve had this shit happen before last month. + +So get ready. If this is a gamma squeeze part II, the fall will be just as fast as the moon. + +But I’m just an ordinary dude (not an expert or a specialist in this field). This post is also not financial advice. DYOR. + +TL;DR, ordinary redditor thinks todays run up was triggered by gamma squeeze +I had, in my infinite wisdom, agreed to buy two LIC endowment plan from a family friend. After I learnt more about investing thought of surrendering them, but due to family pressure did not. The agent died a few months back in COVID. I did not see any reason to continue the policies. So went ahead and surrendered it. Below is my experience. + +1. Called LIC helpdesk and asked what is required. They said you have to go to the branch to surrender. They will give you couple of forms. Submit and it will be done. + +2. So, one fine day, I took leave from work and went to the branch. There was a queue of 10 people who wanted to enter the office. Due to COVID they are only allowing limited people inside office. + +3. Fine, I will wait. After 30 minutes I was able to enter. Asked the enquiry person, "I want to surrender my...." He pointed towards a room without looking at me. + +4. There was a queue of another 5 people in front of that room and only one was allowed inside at a time. + +5. Fine, I will wait. After one hour I was in second and was able to look and see into the room. + +6. There were 4 people in the room which had 7 tables and computers. One old lady, who sat near the door was working. Other three (all males in their 50s) were sitting in a circle and having a very heated discussion. + +7. Finally when my turn came, I handed the term papers to the lady. She heard me patiently. Then said, are you sure? You will have to take a loss. I said, I am sure and I appreciate her concern. But I am sure of my decision. + +8. She handed me couple of forms and asked for cancelled cheque, ID proof, Address Proof, revenue stamp of 1₹ and a written application for surrendering the policies. + +9. The forms had basic details like policy number, name, signature, disclaimer that I have been explained the financial aspect of my decision etc. + +10. I took everything and submitted the forms. Lunch break started and all of them went out. + +11. Fine, I will wait. A cat meanwhile decided to inspect my forms. It walked all over the table and finally plopped down on the keyboard. + +12. Post lunch, the lady came back and after shooing the cat away found that her account has been locked. + +13. Fine, I will wait. After another 30 minutes of hand waving and muttering she logged in using someone else's ID. I, and the whole office heard that username and password. It is Shamim1965. + +14. Finally she informed me the exact amount that I will receive and asked me if I am sure. I said yes. She stamped and stapled all the documents and handed it to me. + +15. I submitted the whole bundle to another table where another geriatric person very painstakingly wrote down the policy number and a barely legible scrawl said surrender. That is my receipt. + +16. The cat pissed on my boot while I was waiting at the last table. + +That's it. +Edit6# credit to u/ThaStonk + +“https://www.rakuten-sec.co.jp/ITS/company/pdf/co16_kitei_05.pdf + +This is their TS for the foreign stocks +check section 10-10 + +I had to call them and tell them that I wanted to check my voting rights according to this, and they had to find someone who knew about it and they will call me back, and they did but it went to voicemail.” + +There is nothing that says Rakuten users can’t vote in their PDF. If you’re with Rakuten and bought shares before 4/15 then call them and bring this up when speaking to them. I’ll try again tomorrow and use this knowledge ThaStonk shared with me. You can be mad at Rakuten as a company but don’t be rude over the phone when speaking with the staff. Hope this helps y’all Samurai Apes!! + + +Edit5# I will read Rakuten Securites user terms and agreement in a few hours to see if share lending/margin is mentioned. Japanese friend and I will proof read and update once more. Stay strong (update Rakuten does not lend shares by default, you have to register for that, and for margin account) + +Edit4# Take this update with a grain of salt, doesn’t mean your shares are on margin but this does seems fishy to me, IGNORE anyone telling you to transfer/sell. I just want to bring light to this: + +[DEBUNKED, choosing any topic on the chat option changes chat HTML to /margin + +Sorry but I’m wrong on this one, seeing the html change to /margin gave me ptsd and made me jump to conclusions. I’ve come to dislike that word too much for my own health. + +I went to chat with their customer service here: + +https://www.rakuten-sec.co.jp/web/help/chat/ + +When you choose to chat about [米国株式] (US Stocks) the HTML link changes to: + +https://www.rakuten-sec.co.jp/web/help/chat/margin + +—��————————————————————————————— +Rakuten Securities won’t let us apes vote because according to them they use Interactive Brokers as their US custodian and the shares are under Rakuten and not under our names! + +THIS IS JUST AN EXCUSE! + +Tiger Brokers who use Interactive Brokers as their US custodian under Tiger Brokers name let apes vote because of high demand for voting! IF THEY WORK THE SAME AS RAKUTEN THEN RAKUTEN HAS NO EXCUSE! THEY ARE LAZY AND INCOMPETENT! + +Let’s get 楽天証券無能 (Rakuten Securities incompetent) trending on Twitter!!! + +Anyone who is Japanese or international, knows Japanese or even just google translate is enough!!! We need to push them to let us VOTE! + +Please, this is a cry for help. Most Japanese GME holders don’t know about the DD so there has not been a big movement yet. I’m trying my best to inform people around me but there’s not much I can do alone. + +I have so much love and respect for all you Apes! + +Edit3# comment by u/HalleysComet41 + +I would recommend adding the hashtag #ゲームストップ事件 or gamestop incident, as that is what it is commonly referred to. (By commonly, I mean common among the very very small percent of the population who is active in investing / investing news / or watches Horiemon) + + +Edit1# RAKUTENS TWITTER HANDLE IS @RakutenSec + +https://twitter.com/rakutensec + +Edit2# what you can write to @RakutenSec: +update by u/WowSuchinternetz : + +Your Japanese translation is garbage. Here's a better one. + +楽天証券によると顧客の米国株式はカストディアンであるインタラクティブ・ブローカーズが保管しており、顧客名義ではなく楽天証券名義で保有されているため、顧客にはゲームストップの議決権を行使させることは出来ないとしている。 + +これは単なる言い訳です！ + +タイガー・ブローカーズは楽天証券同様にインタラクティブ・ブローカーズをカストディアンとしており、同様にタイガー・ブローカーズ名義で保有されているにも関わらず顧客にゲームストップの議決権を行使させている。タイガー・ブローカーズは楽天証券と同じ様な管理形態になっている。タイガー・ブローカーズは顧客に投票させているのに楽天証券はさせないというのは言い訳が立たない！楽天証券は怠慢で無能だ。 + + #楽天証券無能 (don’t forget the hashtag!!) + +Translation: + +According to Rakuten Securities, Interactive Brokers is the custodian of US stocks and your shares is under Rakuten name, not our name, so @RakutenSec will not let shareholders of GameStop vote. + + This is just an excuse! + +Tiger Brokers, who uses Interactive Brokers as a US custodian under the name of Tiger Brokers, let shareholders of GameStop vote! Tiger brokers works thr same as Rakuten. Rakuten has no excuses when it works for Tiger Brokers! Rakuten is lazy and incompetent. +Some days I'm still in my pajamas when my kids get home from school. I have an eleven year old and thirteen year old. Eventually they are going to start wondering WTF i do all day... +23rd March 2020, was a red letter day for Indian equity investors. A year ago, Nifty reached a real low point, closing around ~7.6k levels. + +On this date, UTI Nifty Index fund had a 1Y return of **-47.7%** (NAV of 74.4731 on 25th March 2019, NAV of 50.4013 on 23rd March 2020). + +[This image should put things in perspective](https://i.imgur.com/oDMyqzk.png). + +What back then no one could've known, was what's coming next. A historic bull-run, that'd go on to drive valuations up to astronomic levels. + +_It's not the fall that makes it special, it's what follows_. + +Some observations: + +- SIPs that have been running for 7 years till March 2020, were in losses and not breaking even. This would prompt a generation of advisors to update their definitions of long term to be higher than 7 years. + +- We've had people hopeful for Nifty reaching 6k-6.5k, so they could wait a bit before "deploying capital". + +- There were those who started promoting dynamic asset allocation funds or other exotic "hedge" products. + +- Those who've deployed significant capital around March-April 2020, would now go on to preach how their "PE-based" (or some other made-up strategy) ideas have done great, and every investor should follow these. You won't hear from these fair-weather talking heads when the next crash comes around. + +- NFOs and IPOs have shown how everyone wants to cash in on a raging bull run. + +If you're looking for reasons to **not invest now**, market would give you plenty of those. All the time. + + +--- + + +A crash like that can be a teachable moment for lot of investors: + +- If you had liquid corpus for emergencies parked in an asset back then, that made you worried; that asset cannot be where you park your emergency corpus. + + There were 2 weeks of Liquid / UST funds posting negative returns, every day. One day in March, even PPFAS Liquid Fund had negative 1-D movement. + + If that worried you, it's time to rethink your emergency corpus and where you're keeping it. + +- People look at historic crashes and salivate how they could have made the most of it, if they were around at the time. + + In reality, historic crashes don't just crash the markets. It puts your life / career / family / well-being on the line. + + When a historic crash actually rolls around, last thing on your mind would be your equity portfolio. + + +[For reference, I had posted this on 16th March 2020](https://www.reddit.com/r/IndiaInvestments/comments/fjmpwg/in_times_like_this_it_helps_to_look_back/) +I have 500k net worth making 24k per year (2k per month) in dividends. + +These are more or less minimal If any growth on the principal so assume zero capital growth. + +I’m 27 and I absolutely hate my job and working in general. + +Can I afford to just give it all up, move to a small town, and live off of the 2k per month? I think I can also do some part time minimum wage job to keep me busy and add a bit of income? What do you guys think? + +EDIT: I know that there’s the smart choice of trying out a different job/career. But for the sake of discussion, do you think I theoretically could just give it all up and move to a small town? +——————————————————————————— +THANKS TO EVERYONE’s INPUTS. THERES TOO MANY RESPONSES TO REPLY TO EACH ONE BUT I READ EACH ONE AND UPVOTED THEM. + +To answer some frequent questions: + +1) no I did not inherit, I lived frugally and did surprisingly well in some stock investments in the past 5 years +2) my job is in corp finance (accounting heavy) +3) yes the divs I stated is net of tax. It’s a mix of REITs and dividend ETFs and covered call ETFs. +4) I do not own a house or car yet, but I’m always welcome to come back and live with parents for free + +On my thoughts: + +1) Half of you guys say go ahead and I can do it +2) Half says it’s not enough (due to inflation, COL, healthcare costs, too much time ahead) +3) Living in a cheaper country can work, though I still want to hold myself to a “US standard” regardless +4) Yea this gets near impossible if I have a wife+kids + +Everybody agrees that I should take a 6mo/1yr mental health break, travel, soul search, and learn smthn new or find a career/job I enjoy more. + +^ I totally agree, and I think my situation is such a predicament which is why I asked here. And the 50/50 response of yes/no illustrates the tough choice here. + +I guess I’ll take the break, and try to work myself to 1M net worth before I turn 35 and revisit this question later. + +I truly appreciate all the advice and loved reading those who shared their personal experiences having gone through this situation in the past, and those who shared how they or their friends lived in small towns. Love you all! +I have been chasing fatfire since I started working. I started working 29 years back as a scientist in a govt agency. Now that I have reached my goal I felt great for 1 week. I fell into mild depression very soon after that 1 week of elation.I now feel that the goal of fatfire was just a distraction for my mind that kept me engaged with life and work. I guess it was a helpful distraction in my case. I now wonder what life is all about since I no longer have any goals. Has anybody else gotten into this situation. Fat fire has given me now too much time to think about the absurdity of life itself which is not a good sign. We humans have evolved to not be able to look at life with absolute clarity at a very high level because that’s actually depressing. We have been evolved to be distracted by life details, emotions,society and lack of time. The singularity of mind is not meant to be achieved but only persued while we live. +Personally, I love the idea of wheeling options. It just makes sense and seems to have a safe win rate when the underlying doesn't go to zero on CSPs, but I wanted to link to this backtest: + +https://spintwig.com/spy-wheel-45-dte-cash-secured-options-backtest/ + +It not only shows the wheel doing worse on multiple backtests vs buy and hold, it also shows that the 50% max profit exit strategy (popular on this subreddit) is worse than hold until expiration. + +I know I will probably get torn up about this post, but the only backtesting I see on this subreddit is linked to a small Tasty Trade backtest of the wheel, so I wanted to open discussion to a different source. + Grab a Kleenex and clench your fist in anger as you watch a hero of crypto get treated like crap 😡😠 + +[Bitcoin 2021: Ross Ulbricht](https://www.youtube.com/watch?v=3V_SkLxgQjQ&t=369s) + +Are you inspired to do something after watching that? We sure as hell are. + +Bitcoin early adopters Julian Assange and Ross Ulbricht helped spread the use of Bitcoin when it was less than $10 dollars and someone in this community finally made a coin to help both of them get out of jail and for its holders to make some money. We call that a win-win where I’m from. + +😲 Who the heck is Julian Assange?! 🤦 + +Julian Assange is the founder of Wikileaks, an international non-profit organization that publishes news leaks and classified media provided by anonymous sources. + +🤯 How about Ross Ulbricht?! 🤦 + +Ross Ulbricht created the first darknet market, the Silk Road, as an exercise in free market capitalism, a website where users were free to post and buy whatever they felt necessary so long as no party was being harmed. + +These pioneers who have fought for individual freedom, now need our help to be saved from unjust prosecution and sentencing (far reaching government oversight amirite?). + +Join our fight and help raise funds for the legal defenses of Julian Assange and Ross Ulbricht. Protect your rights and generate yield at the same time! + +🎇 Ad Campaign! 🎇 + +This project launched with NO ICO and is just getting started! We are starting our marketing push in December so get in EARLY!! + +💸Shillers will be rewarded too!💰 + +What are the Tokenomics? + +✅ Utility! The “Free” in Freemoon! + +5% of every transaction is donated to the legal defenses of Julian Assange and Ross Ulbricht. Fight For Freedom! BE A HERO! + +💲 Autonomous Yield AKA Money for Nothing!💲 + +3% of every transaction is automatically redistributed to existing token holders via reflection. + +⬇️ Deflationary Supply🆙💰 + +2% of every transaction is put back into the liquidity pool and LP tokens are burned, creating a deflationary supply. + +💍🙌 HODL!💎🙌 + +Transaction Fee 10% + +🔐 Liquidity Lock 🔐 + +For further price stability, Freemoon will use DxLock to restrict 50% of the supply for a duration of 4 years. + +👨‍👩‍👦‍👦 Team?👨‍👩‍👦‍👦 + +Due to the sensitive nature of our cause, the team will keep things private for now. (Sadly, freedom for the good guys is a touchy subject for some lawmakers). + +👷‍♂️ Contract 👷‍♂️ + +[https://bscscan.com/address/0x0725384edd4637f7c26de9cd3c086c14071688d5](https://bscscan.com/address/0x0725384edd4637f7c26de9cd3c086c14071688d5) + +⏰Future Plans🕰 (We’re in this for the long haul!) 🚚 + +Our Road Map includes 📍🗺🧭 + +A Decentralized Exchange 💰 + +Yield Farms 🐐🐓🐴 + +NFTs if we’re feeling sexy 🐇🐰 + +Listing on CoinGecko and CoinMarketCap 📈 + +Arriving on a centralized exchange near you! 📈 + +Freeing Ross Ulbricht and Julian Assange 💪🏽 💪🏽 + +👨‍👩‍👦‍👦 Social Media📲🤳 + +📈 SHILLERS WILL BE REWARDED with tokens and a sense of moral superiority over others! 🤜Become a Freedom Fighter today!🥊🤛 + +🕸Website (Visit it, we spent a lot of time on it)🕸 + +[www.Freemoon.io](http://www.freemoon.io/) + +$Buy it$ (It’s why we’re here) + +[https://freemoon.io/howtobuy.html](https://freemoon.io/howtobuy.html) + +📮 Telegram (Join it, it’s what you do in crypto nowadays)📫 + +[https://t.me/freemooncommunity](https://t.me/freemooncommunity) + +📸 Instagram (There will be memes) 🎥 + +[https://www.instagram.com/freemoonofficial/](https://www.instagram.com/freemoonofficial/) + +📚 Reddit (Join us, it’s good Karma) 📖 + +[https://www.reddit.com/r/FreemoonOfficial/](https://www.reddit.com/r/FreemoonOfficial/) + +🐦Twitter (Activism through Slacktivism)🐥 + +[https://twitter.com/freemoonmain](https://twitter.com/freemoonmain) + +We have a Medium too! + +[https://medium.com/@freemoonofficial](https://medium.com/@freemoonofficial) + +🌖 Freemoon, it’s a good cause 🥊, but also let’s 🚀🌖 + +# $Freemoon Airdrop Instructions are here! So easy your grandma could do it! + +## Whitelist your address by December 31st 2021 to claim your free Freemoon tokens! + +First why would we give Freemoon away? + +We believe Freemoon is about the community coming together for the common cause of helping to free our crypto brothers Julian Assange and Ross Ulbricht who are languishing in jail while we enjoy this most recent bullrun. + +We hope this Freemoon Airdrop will raise awareness of the two men who are in a big way responsible for crypto's success, and mobilize a movement of people to make a positive change in the world. + +# Community Development + +Freemoon has set aside 300 Trillion tokens for community development and this is your chance to gain a small percentage of that on the ground level before we launch for the moon. + +Early adopters rejoice! History will look back on your crypto addresses with envy! You are the foundation for building this community and making a difference in this world! + +# AirDrop Details (Easy as 1 2 3) + +This Airdrop is the first of many promotions to show the community and the world we mean business, in the coming weeks we will hold more promotions, however this is your chance to be earlier than the rest of the early adopters! + +Here's how: + +1. Follow us on: [**Twitter**](https://twitter.com/freemoonmain) & Follow us on [**Telegram**](https://t.me/freemooncommunity) +2. Enter [HERE](https://freemoon.io/airdrop.html) on our website and fill out the required information as seen below +3. DON'T FORGET TO CHECK YOUR SUBSCRIPTION! + +# Future AirDrops? Don't mind if we do! + +We will be monitoring and rewarding active members in our community as time goes on, remember this is a movement for freedom. Help us build, spread the word, give us suggestions for improvement and earn yourself Freemoon tokens for fighting for a good cause (HINT: You should probably follow ALL our social media sites). + +Contribute and you will be rewarded + +For more information visit our snazzy website: +[Freemoon.io](mailto:support@freemoon.io) + +Support Email (Even though earlier I said your grandma could sign up for this): +[support@freemoon.io](mailto:support@freemoon.io) +You may remember that RBI had asked HDFC to improve their systems and fix accountability for the issues seen in 2020. They were given 6 months and were given the stick of suspension of the lucrative credit card issuance business. + +The site is down again - as of 30 Mar forenoon. For their own sake, hope that this outage is not too long. +You may remember that RBI had asked HDFC to improve their systems and fix accountability for the issues seen in 2020. They were given 6 months and were given the stick of suspension of the lucrative credit card issuance business. + +The site is down again - as of 30 Mar forenoon. For their own sake, hope that this outage is not too long. +Here is mine? + +My daughter misplaced a $10 gift card and it made me start to think about some of the dumbest lost money moment of my life. Besides investments that didn’t work out. I thought about a time at work when I was asked to fly across the country to present to another team and as a token of appreciation the local manager gave me a $1000 Visa gift card. I put it in my wallet only to forget about it. I went to use it a few years later only to discover that it expired. On top of that or course the $1000 was added to my paystub for taxes. So lost the 1k and paid out of pocket for it as well. Dumb move. What is yours? +So from what I understand, pump and dump is when you inflate a stocks price by coordinating a demand that by normal means does not exist to give a stock an upwards trajection that it should not have, and then selling high once other people are in on it. + +And what most of these hedge funds did was to short stocks that were priced fairly to dip them into lows they should not have been in the first place to profit by covering their positions at low prices. + +How are these 2 things different in any way besides one targeting the bulls and the other targeting the bears? +I was hoping to get a little bit of career advice here from those of you who have graduated with economics and have entered the workforce outside of academia. + +I am almost finished with a BS in economics, with major electived including a minor in math(focus on stats), business forecasting(econometrics), and advanced finance courses. + +I have a strong suit for finance and math, but math drains my energy. My past jobs have been assistant manager ×2 and currently a glorified credit card salesman. I don't have the strong social skills currently to succeed strongly in sales nor did I have them when I was a manager(I could handle the rest but the social skills destroyed it). + +I greatly enjoyed my macro economics courses the most, and I love the practicality of finance. Finally, I find immense value in the social skills that a sales job forces me to develope despite how draining and unnatural it feels. + +I'm hoping to use my economics degree to get a job that focuses on market responses to changes in products, and to leverage macro economic understanding for business decisions. That being said, I am not a numbers guy because it drains me so much, despite having strong intuitive/numerical grasp. I'd like to hover around a social role in that not directly sales where my performance comes down nearly entirely to my social skills, but enough that I am still developing sales/social skills. + +Do any jobs that economics sets you up for leverage macro economics to inform business forecasting and market analysis, yet stay fairly strong in social skills. + +Down the road I envision myself more as a salesman than a number cruncher, but also I envision myself more as a decision informer for a businessbased on macro economic trends than a salesman/accounts. Someone with strong social skills but who specializes in understanding macro economy movements. I'd like to keep delving deeper into macro econ, yet also use it to inform business forecasting and use it as an advisor +So...theoretically, for a married couple filing jointly in retirement, if they have no other income other than dividends, then they can earn up to $100,000ish in qualified dividends a year and pay zero money to the government on it, right, once s.d. is factored in? + +This is qualified dividends only. No other source of income. + +If dividends increased and surpassed the limit, then would you have to pay on the entire amount, or only on the amount over? +I'm slowly but surely crawling my way out of that lovely college student debt I incurred over four years and gaining financial independence. I've found out how insanely important meal prepping can be. + +Every Sunday, for about 2 hours, I cook and cook and cook. I make sure I make enough for my fiancé and I to have lunches for the entire week. That's all it takes, two hours! And like $40 in groceries. When I was really struggling for money, I would still find myself going out to lunch every single day and spending $10-$15 a meal. That's $50-$75 a week! Now I cook for two people for less than that. + +Just a little advice and personal success here - meal prep your heart out and your wallet will thank you. + +Edit: wow! Did not know how popular this would get. I can't keep up with replying to posts so I'll address two common comments here. + +1 - a lot of people keep bringing up the point that the "cost" of my time is not worth the meal prep and I beg to differ. These two hours I use are two hours that I would just be playing Overwatch or something like that. And the money I'm saving can work for me in paying off debts and investing, so personally it's my best option. I realize this doesn't work for everyone. I also can't take the easy way out with $5 boxes at Taco Bell or something similar as my body doesn't tolerate gluten which cuts out most fast food options. + +2 - every week I go to Aldi and stock up on brown rice, black beans, corn, ground turkey or tofu, a bag of chicken and some veggies. Most common meal prepped is burrito bowls. Which is 1 pound of ground turkey, 2 cans of beans, 1 can corn, 1 jar of salsa, and brown rice mixed with cumin, chili powder, garlic powder and coriander. Makes 12 cups of food at 1,220 calories total. I divide this up into six 2 cup containers. Then usually make chicken with veggies or gluten free pasta for the remaining two days of meals for us. Utilizing four burners, a stove, and a microwave all at once produces a surprising amount of food very quickly. I store it all in Tupperware for the week and it stays well. Some people recommend prepping and freezing as well. Are there some days where I dread eating the same meal and eat out? Heck yes, but it's not every day like it used to be. And my wallet and waistline has rewarded me greatly for that. +Hello all, + +I did my first AMA on this sub 4 years ago and since then, the market, my business, and this sub have all evolved. The increase of sophistication on this sub in particular has been impressive. + +This time around, I want to again provide any guidance I can as well as some of my thoughts that I think might be helpful. Most are new, but some are copied from the last post as they still stand. + +Hopefully this proves helpful. + +All the best, + +HobbesNYC + +&#x200B; + +**Should I invest in Real Estate right now?** + +* It depends what you want your real estate investment to do. +* It’s an excellent time for market mitigation, cash flow, and maintaining upside. +* It’s a terrible time to house-hack, BRRR, and 10X +* You can no longer rely on refinancing or exiting your way into larger/more properties +* If you can hold, however, you have an excellent mid-long-term outlook + +**Should I be worried about my multifamily assets?** + +* Not if you are like the majority of people on this sub who operate assets directly or aspire to someday. +* If you have a stable model, you can hold and wait out any slowed rental growth and/or lowered valuations. +* If you are institutional or aggressive investor where you outsource, focus on growth, and have interest coming due, however, you may need to be prepared to put up cash or be forced into a sale. + +**But what if debt keeps increasing?** + +* There is a limit to the effect of debt can have on multifamily valuations. For example, if the debt rate went to 15%, would a multifamily asset only sell for a 15% cap+ (meaning a 15%+ return per year if purchased with all cash)? Of course not. There are always non-debt buyers who would be happy to take a 15% or even 10% yearly cash flow at a higher valuation. + +**Should I consider all cash purchases?** + +* Absolutely, I don’t think it’s ever been a better time. +* If you have an operations component and/or manage directly, you can get cash flow that will protect you from market mayhem, and if the debt market eventually comes down like it did 2016-2022, you have an incredible opportunity to refinance then. +* It’s downside protection with mid-term upside. + +**What strategies are doing best right now?** + +* Conservative - Small / All Cash Deals - Whereas before it was impossible to get an owner to sell these, we’re finally seeing an opportunity to buy these assets in mass. As stated in the above section, these can have exceptional downside protection, high cash flow if you operate directly, and if debt ever comes down, a great upside potential. For people that looking for long-term, stable growth, this makes a lot of sense. ***It's the best time period I've seen in my career for this strategy***. +* Moderate - Assets that need drywall, electrical, plumbing, or anything requiring a permit - The cost of this type of work is astronomical right now. I’ve seen $35k+ bids per unit with poor work that takes 9 months to complete. If you can do the work yourself or can partner with someone that can, the cost can be as low as $5k a unit and done in 1/8th the time. There are a tremendous amount of owners out there still waiting on contractors, so you can take these assets off their hands, finish the work, and then hold for cash flow, refinance, or sell. Even with the higher debt and lowered valuation, there is still a massive spread here. 50%+ levered returns in a year are not unrealistic. +* Aggressive - Niche Single Family Home Development Plays - Despite everything you’ll see in the headlines, there are still great profits in certain types of home development plays. For context, most new home builds are suburban style homes that are built in mass on a 1.2-1.4X margin. So, if home prices come down 20-40%+ these developers could be wiped out. On in-town luxury product, however, where buildable lots are extremely rare, there is still a massive pool of demand for extremely limited product. The spreads on these types of projects are 2.0X-3.0X. This gives you an absolutely massive margin of safety. There is a lot of volatility here and it’s not the best for everyone, but I think it makes sense for a small portion of a portfolio looking for more aggressive plays. + +**What cities should I invest in?** + +* Firstly, you should always start where you have the best operational advantage. After that, consider the following: +* The rapid rise in housing costs in major metros has begun pushing people out. Starting about 6 months ago there has been a major reversal in rent growth from large towards small markets. +* Previously booming markets such as Austin, Phoenix, and Vegas that witnessed incredible appreciation are now showing decreases in rental rates while smaller markets are getting more demand. +* It makes far more economic sense for a waiter, educator, city worker, medical provider, or most of the 90% of the working population making less than $100k to move to a lower cost metro. So for every one new tech job, there are many more people who don’t want the associated cost of living that come with the new employer. +* This all results in larger rent growth in smaller, more affordable markets, which is exactly what we are seeing. +* Conclusion: From a pure growth standpoint, I believe you have the best rent growth relative to entry price in smaller, more affordable markets. +* Where to get rental data: This is a great [source for raw data pulls on 200+ metros.](https://www.apartmentlist.com/research/category/data-rent-estimates) + +**Should I 3rd Party PM, Direct Management, or Syndication?** + +* What do you want your real estate to do? +* Conservative - If you want stable cash flow with some upside potential, operate it yourself or invest in a syndication that does. +* Aggressive - If you want quick turns and believe certain markets are poised for large rent growth, then use 3rd party property management. You may not get any cash flow, and are in a riskier position, but if the valuations go up, you get the most return for the least amount of work. As much as I hate to admit it, this is who did best over the last 2 years. + +**What can I do to improve the likelihood of solid returns?** + +* Align with your broker - by getting them into the deal, you can usually get a better price. +* Focus on the middle-market of renters – this is the majority of demand and the most insulated from market changes. +* Implement a Tenant Respect Model - All too often in B/C class assets, especially in smaller markets, the tenants are not very well respected. A little can go a long way. Consider preventive inspections, holiday gift cards, accommodations for unique needs, staff training on communication, etc.. +* Consolidate assets – Buy a 30-50 unit then buy a nearby smaller assets. Run everything together for a much lower op cost. +* Keep the units under market - don't chase the highest return, chase stable occupancy. +* Keep substantial extra cash on hand to weather any kind of storm. This will lower total returns but also smooth them out and prevent the likelihood of needing an expensive injection + +**What returns are realistic, what should I target?** + +* It depends on the strategy, but assuming you are buying a multifamily asset, you could conservatively achieve a 5% cash on cash return in year 1, and 7%+ by year 2. +* Over the course of 5 years, this should model out to about a 10-15% IRR with some work and an exit, unless the debt market drops in which case it would end probably 20%+ +* The returns in good syndications are often the same or better than if you manage directly, with a lot less work, but you can’t force an early sale, so there is a trade-off. +* Anything below these returns and I honestly think you are better off investing in bonds, or if you have a long time horizon, the S&P 500. + +**Should I have others invest with me?** **Should I invest with others?** + +* Over time, it's probably best to do both. It doesn't really matter the size, but it's more about the experience. +* If you take on investors, you should have a clearly articulated strategy for not just the current aspect but the next few. 95% of my investors either came through someone who has already invested with me, or they started with a small amount and we built the relationship over-time. So if you have just 1 asset you're looking to take down, that's not that compelling to an investor; but if you want to buy 3-4 multifamily assets in an area over the next few years and manage yourself, well, that's something you can build on. +* If you invest with others, a few quick things to look for: minimum 8% preferred return, no catch-up provision, 7%+ in Y1, and an understanding of how the group can own/manage the asset more efficiently than the previous owner. + +**I’m in college and I love real estate, I want this as a career, so what should I do next?** + +* There is no better way to learn the business of Real Estate than being a real estate or business owner, and I recommend starting as early as you can. +* Counterintuitively, if you want to build a career in RE, don’t start there. Right now as it takes a tremendous amount of capital to create meaningful profits. So instead, consider buying a coffee shop, laundromat, car wash, etc… This will require much less money than a big real estate asset and you can cultivate a much larger impact. Most importantly, it’s going to force you to learn marketing, legal, investor relations, people management, etc… all at the same time. I believe this will prepare you far better than any job at a real estate firm. +Hi there fuckwits...Ruin here. I want to have a few words for you....just you. Not the actual real members here, I want the Pumper. Not the decent...or the not so decent, not the hard researching or even the poorly researching...I mean, basically everyone but you assholes. + +&#x200B; + +I'm talking about the ones who keep posting (and Automod has killed, at least here) links to your shitty pump groups that claim to "have the answers." and even admitting that you're responsible for recent Pump and Dumps. [It turns out even newspapers that are notable for their lacklustre reporting have noticed you.](https://www.afr.com/markets/equity-markets/pump-and-dump-group-targets-ipo-rocket-kuniko-20210826-p58m5f) + +&#x200B; + +Stop it. Stop it now. Get the fuck out of our sub, get the fuck out of our community, get the fuck out of our planet. The world has got enough Parasitic entities that infest us these days (that weird itching aside), we don't need more. + +&#x200B; + +Ahem...now for the rest of you. Our members. + +&#x200B; + +Don't listen to these shitheads. I will now briefly explain how these groups work. + +&#x200B; + +Imagine a party. The Party has blackjack, cocaine, hookers, all the wholesale priced, bulk ordered green Dildos you could ever need. At this party, they take a hit and decide what they are going to do next week. They decide just how much Cocaine, hookers, all the good stuff that people will want. They buy it now. They get it cheap, no one knows that that is what will be next weeks party cool topic. + +&#x200B; + +This is the inner party. You are not here. + +&#x200B; + +Then there is you, you heard there is a big party going on. Some weirdo you met online told you about it. You heard all about the stuff going on. Then you show up. Then they explain "Yep, we are all having a party here. Just buy or bring in some stuff and we're all gonna be higher than Mark McGowan's Approval rating." The guy at the party tells you what to buy, you heard people had fun here. So you buy in. But everything is already going great you can see, the stuff they told everyone to buy and bring is making everyone have a great time, I'm sure you'll offer people your own stuff and it'll be loads of fun when you want to get out. But that's weird, the price of everything has already doubled when you needed to buy, which isn't surprising, given there are a lot of party goers here. You get to the party, yeah, it is going actually. You are about to start getting enjoyment when suddenly you realise that everyone is already high as fuck, so no one wants the fun you're bringing. + +&#x200B; + +Then you turn around and the guy who told you to come today and even sold you some dildos is gone. He sold out, he sold out to you. He made all the money and you have a bag of what you realise is stuff that no one wants. + +&#x200B; + +This is the outer party. This is where they brought you to be fleeced. + +&#x200B; + +Yes, in theory you can make some money and have fun, but the odds of that happening are pretty fucking low. Your purpose here is to be their victim. + +&#x200B; + +I'm not telling you to never go elsewhere for your ASX news and shitposts, we looked into forming a cult and decided against it (Cult leaders get to have sex with their followers and no offence...actually, yes, feel free to be offended....No, that's not happening). But have half a brain and realise that while the people here are weird, they are strange and they have a strange obsession with milk, they are at least not setting you up to fail. These other groups are. + +&#x200B; + +I am the Lord of Ruin. + +&#x200B; + +TLDR. Pump and Dump groups aren't there to make you money, they are there to make the organisers money, because they buy before you. Because its a fucking scam. +Many Hollywood movies and sometimes even motivational speakers push this silly idea that to be successful, you just need to quit your job and follow your dreams. + +What they usually omit is ...this only applies to ***upper middle class*** people. + +Lower middle class is dangerously close to abject poverty and you are always one month's salary away from bankruptcy. But since you aren't actually in the poverty line, you don't qualify for any govt programs, so you have to pay for every emergency out of your pocket...making it harder to truly save up money. + +I remember watching once a story about victims of the Australian serial killer Ivan Millat and one of the tourists was backpacking because his Dad wants him to study to become a medical doctor, but he was not sure of his career path, so he took a year off to travel. + +I'm sure you've seen the movies where the main character quits his dayjob to go pursue his passion and becomes an immediate success. + +I've heard this in motivational speeches too. + +Here's the thing. That's just not possible for most of us. + +I can't just quit my job and travel. I would be broke in a week. + +The idea of quitting my job to start a business or become some sort of artist is romantic but....far fetched. + +I was reading up on Elon Musk and apparently (surprise surprise) ...he comes from old money. He didn't build from scratch. +So I recently applied for a home loan increase, borrow against the equity, fairly straightforward, got all the paperwork in. + +Today I received an email asking about my children because they "Noticed spending indicating you have children on your account, but you have declared no dependents" + +Now as you'll be able to see from my post history, I post in r/TesticularCancer because I'm infertile....I don't have any kids... + +What kind of spending "indicates children"? + +I mean once every few months I might buy a DLC for a game as it's released on Steam...but I know other adults that do that and they have no kids.... + +I have nieces and nephews and occasionally (like once a month, or every couple months) buy them gifts, you know, cool aunty and uncle type deal. I know heaps of other people in the same boat. But looking back, these were JB Hi-Fi and stuff purchases.... + +I mean Christmas just came and went, and obviously presents for the kids in our surrounding circles, nieces, nephews, close friends who have kids. + +But really, what would be "Spending indicating children" in your life? + +I imagine having a kid full time would be much larger in the purchasing of children's things, compared to if you buy the occasional thing for a child you interact with? +All jokes aside, have economists provided a "smart" and **just** way to tax rich individuals ? + +Media is talking about taxing rich billionaires, but most of them have their wealth in stocks. Say you tax them when their wealth increases (i.e stock goes up) if you don't give them tax credits when their stock goes down, this would lack any form of justice. +I'm assuming there was more than one factor and there's probably not on single definitive answer of course, but what were some of the main causes. I've heard the gold standard made it more difficult to conduct monetary policy as a reason why the depression was so deep for example +Dear apes and apettes, + +after all this time we've spent together we should know one thing for sure and that is the SHF's games of f\*ckery. Almost every effing time we got our tits so jacked we almost couldn't hide it anymore what came next was a f\*cking dip. So be prepared for f\*ckery even if you're as zen as I am. + +Remember: It's not a loss when you do not sell, dips are sales and the only thing you have to do is BUY&HODL (and maybe buy some more). + +Buckle up! + +I love all of you. +Just thought I'd do a poll on current sentiment. I've got a good long-term outlook but the charts are looking ugly... + +&#x200B; + +What is the lowest daily average that ETH will hit in 2018 in USD? + +[View Poll](https://www.reddit.com/poll/9o70ez) +I can appreciate those strategies and all the commentary here about them. I really can.... but it would also be nice to hear some other strategies that have been consistent for people. + +Also by strategy I mean going beyond ‘I sell verticals’ and let’s get into the weeds of your set ups. + +I will even go first! + +My strategy (which many of you will hate btw): + +Sell 7 to 12 delta call spreads with 2-3 dte in the SPX when the rsi is above 40. When below 40 and IV is typically higher I will do the same with put spreads. I usually am doing $50 wide spreads. No real science to the width, just helps with buying power and ultimate loss back stop. I do this 3 to 4 times a week. Very little management needed. Works out to be about 3’ish% roc per trade. + +I have been doing this for years and it’s been an amazing money maker. I was ‘lucky’ enough to be short calls into COVID and really have not had more than $4K loss on a single trade on say $30k of buying power. I have never been close to max loss in a trade since the short strike is already at the 10 delta area. Good years I make $100k+ not so good years I have made just shy of $70k. I have not had a losing year yet... famous last words! + +So that’s one of my go to strategies I use consistently. + +Now lets hear yours!! +Hi everyone, + +I've seen a bunch of posts/comments (and have been the target of many) that seem confused over a stock split vs a dividend. I wanted to clarify my understanding of the corporate event that just took place. I will say the following is how I understand it at the moment - I'm not infallible, this could be partially incorrect. I am not posting this for any reason other than to try to clarify some things that appear to be confusing a lot of people (and frankly a lot of brokers). If I'm wrong, I will edit this, and make sure it stays as correct as I can make it. + +First and foremost, it was a stock split. This is really important. Gamestop was crystal clear on this point in their press release: + +https://preview.redd.it/pcjsllp9m5f91.png?width=1148&format=png&auto=webp&s=6a34f3b4cc4747e2c33e9936d201daa82e1c50a9 + +This is a **split**, in the form of a **stock dividend**. Now, the first reason it is VERY important that this is a split is that there would be tax implications otherwise. If this was a straight dividend, you would have to pay taxes on it - cash dividends are taxable, and my understanding is that normal stock dividends are a taxable event too. Here's [something from Cornell](https://www.law.cornell.edu/cfr/text/26/1.305-1) that clarifies that receiving a stock dividend means receiving the value of that stock dividend, and that according to Treas. Reg. § 1.305-1(b) stock dividends are taxed on the fair market value of the stock on the date of distribution. + +So I think it's important to understand that this is a split first-and-foremost, so that it is NOT a taxable event. Next the question becomes how is the split being distributed? It's being distributed as a dividend (which is why I've referred to it in the past as a split-via-dividend). This means that instead of brokers just adjusting their books and records on the split date to reflect an increase in the number of shares someone is holding, Gamestop distributed actual shares that have to be sent to all shareholders. Distributing as a dividend is unique for a stock split - it's happened before, but it's not common. That's why many brokers did adjust your holdings on the ex-date, but that wasn't backed up by actual shares because it took time for those shares to transit the system and get to your broker (if they did, of course). + +Since this is a relatively unique way of doing it, most brokers are probably treating it as a plain vanilla stock split, because, again, it is a stock split. Their systems are setup to accommodate stock splits, books and records will do so appropriately, there shouldn't be any additional transactions, and MOST IMPORTANTLY there shouldn't be any taxable event associated with it. + +The fact that some brokers are really struggling, especially for those of you who DRS'ed in between the record date and the distribution date, suggests that these brokers have hit an edge case that their systems weren't designed for (and of course there are other possibilities as have been extensively discussed on this sub). But I'm not surprised at the posts that show that brokers are treating this as a split, because it is a split, just distributed differently. I think that distribution mechanism has revealed some problems, but I'll leave that discussion for another time - maybe the company is watching and hopefully looking to protect their investors. + +I hope this is helpful. + +EDIT 1: One of the main edge cases I've heard of is from those who were in the process of DRSing in the midst of the split. This is obviously unique as compared with the examples everyone keeps pointing to - GOOG, TSLA & NVDA. It's not that it hasn't happened before, but it is unique in terms of how closely you are all watching everything, and in the midst of the push to DRS the float. The other issue is obviously foreign brokers, and I'd certainly be curious if those other games had similar issues. + +Some have also suggested that stock dividends aren't taxable events when you receive them, only when you sell. I'm not an accountant, so I may be misreading the link above, so please never take anything I say as tax advice! But I read it that there are issues because such dividends CAN be received as cash, so they're treated as such. Again, not an accountant. +Trying to understand macro-economics better, and have been kind of annoyed with the state of our government with giant corporations appearing to have a ton of power over our lives and super rich people taking advantage of the dips and rises in certain stocks. + +&#x200B; + + Just saw this post on the front page [https://old.reddit.com/r/PublicFreakout/comments/fyhriw/cnbc\_anchor\_shocked\_by\_guest\_saying\_who\_cares/?sort=controversial](https://old.reddit.com/r/PublicFreakout/comments/fyhriw/cnbc_anchor_shocked_by_guest_saying_who_cares/?sort=controversial) + +Former Facebook exec says he doesn't care if airlines fail and don't get bailed out. He says that the company would be the banks property and the employees wouldn't lose their jobs. Is that correct? I would have thought that either the company would try to liquify all their assets and get rid of as many people as possible before it goes under leading to a ton of unemployment or that the airline would be bought out by another big airline only worsening the problem of monopolization? Am I correct in that at all? Or is the assumption that every airline would go under, and how would that impact the industry? + +Going off that I just watched The Big Short, where at the end for a second they talk about how the big banks should have failed and been broken up but wouldn't there be a similar scenario of even more people losing jobs than already had? I guess the illegal activity of the banks would have a large role to play in their scenario and wouldn't line up with our current situation perfectly. That being said are these similar situations or is there something that differentiates giant banking corporations with other corporations? + +&#x200B; + +Sorry if this is a fuckload to ask. I would appreciate even if someone could direct me to a good source for understanding this stuff. +Listen gang, + +I’ve been around the game awhile. I’ve got credentials, letters behind my name, experience in banking and trading professionally... + +If you think it’s easy. You’re going to be fucked. Volatility is a controlled variable, and over time it’s bound to correct. + +If something works. Then great, but don’t over use it. The wheel can hurt you, and it likely will over time. + +Please use diversified strategies and don’t listen to all of the “new trader” nonsense. Even people who’ve been trading options for 24 months may not understand how lucky they have been. + +I like the wheel, I think it’s got a good spot in most options portfolios, don’t make it your religion. + +Good luck out there. +In the last 24 hours Tether, the creator of USDT, has minted $1,500,000,000 worth of USDT out of thin air. + +Nowhere it is documented where the money which was just created comes from and where it actually went. + + + +Before 2019 Tether claimed 100% of its reserves would be backed by actual cash + +Suddenly in April of 2019 Tether claimed only 74% of Tether would be backed by "cash and *cash equivalents*" + +A pie chart (yes, this is how they want to proof their reserves) released by Tether in 2021 revealed that only 2,9% would be backed by cash + + +How much of it is actually backed of the $1,500,000,000 they somehow created in less than 24 hours? You can probably guess + +[(source 1)](https://www.ft.com/content/529eb4e6-796a-4e81-8064-5967bbe3b4d9) +[(source 2)](https://whale-alert.io/transaction/tron/1a23f7a875deb2120f7efca0b426772737c3d2fc1f51b07ba9f9418d8027552f) +[(source 3)](https://coinmarketcap.com/currencies/tether/) +I was reading the following article: + +[Priced out: Young professionals making $60,000 — even $120,000 — say they can no longer afford Toronto and will likely have to leave](https://www.thestar.com/business/2021/12/03/young-torontonians-cant-afford-to-live-here-any-more-we-spoke-to-three-to-find-out-where-their-money-goes-and-why-theyll-likely-have-to-leave.html) + +&#x200B; + +And it occurred to me that due these housing costs, most of the talent would leave Toronto and Vancouver and probably choose US because there aren't really other good options. This will in the long run hurt the production because of lack of talent and slow the economy. + +&#x200B; + +What do you think? +I currently make $52K, and got a job offer for $65K for a "senior" role in my field. The benefits are all better too, with a much better 401K match. I've only worked at my current position for 10 months though, so I'm not sure leaving so soon would be a good thing. Is it bad to jump jobs so frequently? Would it look bad on my resume? + +EDIT: to add more specifics of the situation, my manager just went on maternity leave until November, and I assumed many of her responsibilities. If I were to accept this offer, I'd royally be screwing over the people i currently work with, and would no doubt burn the bridge behind me. +My partner and I make combined $150,000 and we have a morgage of $600,000. We are first home buyers and bought at the worst possible time in history (earlier this year) + +We don’t like waiting around so we look up what the banks are expecting the terminal rate to be and increase our repayments to match it. Current estimates are 3.85 giving a 6.05 morgage rate. + +It’s pretty crazy how expensive that is, it’s above our stress test thresholds and am pretty much saving nothing now. + +I feel pretty unlucky to be a first home buyer at this time. Very jealous of all the people with paid off or paid down mortgages or lots of equity. Everyone wanting rates to go crazy high clearly don’t care about young people who are trying to get started. + +I think we are going to rent out one of our bedrooms +Every millennial complains that they studied so hard to achieve a degree and now they're either flipping burgers or unemployed. I came to this subreddit looking for the "whys", searched previous threads, but there appears to be consensus that "millennials have it better than any previous generation". + +I was wondering if both statements could be true. + +I have found data showing that [the fraction of population with tertiary education has increased a lot during the past 4 decades](https://data.oecd.org/eduatt/population-with-tertiary-education.htm), and then there's [this graph](https://i.imgur.com/a1BFISs.png) showing a significant share of overqualified workers (from [this eurostat publication](http://publications.europa.eu/resource/cellar/d0b7da52-9988-11e5-b3b7-01aa75ed71a1.0001.02/DOC_1)). But this alone isn't enough, probably the economy has shifted in a way that more skilled professionals are needed than before. + +I haven't found is historical data about overqualified workers decades ago. Do you have such data? Could that explain the different, apparently contradicting perceptions on the subject? + +(Also, I'd appreciate if you can offer a global point of view. All the information I can find about millenials in English talks very specifically about US problems, all the information I can find in Italian is specific to Italy's problems... but if this is happening everywhere then the causes must be much bigger than any country alone.) +About me: 25 y/o, making 6k a month. + +I pay about 300 in rent (living with parents during COVID), have about 500 in other monthly expenses and rest of my paycheck goes straight to my checking account. + +Im slowly dipping into stocks, but Im still learning there. I know that having this much money in a checking account is useless, but I dont know what to do with the money. I have no large purchases planned other then maybe renting an apartment around end of 2021, but thats about it. What advice would you guys suggest for me to do with my money? +I noticed that recently with the hype around meme stocks back that there are many who think they see opportunities surrounding meme underlyings to sell premium. + +I just want to leave a warning to potentially save some folk’s asses because I noticed that there’s something that is severely misunderstood by this group of traders. + +The option pricing model used by most brokerages, websites, and tool suites is called the Black Sholes options pricing model. This model was built on several assumptions, with the main one being that stock prices have Brownian (random) lognormal movement in the short term. + +Option sellers use this model in conjunction with the statistical concept of mean reversion to capitalize on the difference between today’s IV and the typical IV as well as the RV. + +So knowing that, what’s the problem with meme stocks? The problem is that meme stocks price movements don’t follow a lognormal distribution and it’s difficult to determine what’s a “normal” price is for them to revert to. The same goes for their volatility, both implied and realized. In short they are too unpredictable and we cannot rely on the underfitting models we have to make statistically favorable trades. + +I’m sure some have made money trading them. But as billionaire investor Howard Marks says, you can’t judge the quality of a decision by the outcome. In markets bad decisions can work out due to good luck, and good decisions can fail also due to bad luck. Over time, luck should mean revert and reveal which decision makers were successful and which were failures. + +I urge you to think about whether your strategy and decisions are sustainable over time, whatever they may be. +I consider myself to be in a fairly good position financially, with a healthy proportion of my pay being put away somewhere each month. + +Because of this, I wasn't really focussing too much on what I was spending each month. I just put my personal spending on a credit card (paid off in full each month), and just distribute what's leftover in my current account into savings. + +This afternoon, I sat down and looked at everything being spent on that card. Things I uncovered: + +- I pay £45 per month for a gym membership I have only used twice in the past three months, and had fallen into the trap of 'if I'm paying for it, it will convince me to go'. Actually, it was just making me feel bad about doing exercise that wasn't in the gym. +- I pay £15 per month for a 200gb SIM-only contract from SMARTY (they quadrupled my data for a year). But my average usage is about 6gb. +- I spend £75 per month on meal deals +- I've spent about £50 per month on a few Steam games that I've barely touched, whereas the games I play 90% of the time have been in my library for years +- I assumed fuel was the cause of spending a bit more than expected each month, but actually it's less than I predicted + +So from all of that, some entirely realistic things I could do to save money are: +- Cancel the gym membership (£45) +- Get a 12gb SIM-only deal for £7 from the same provider (£8) +- Ditch the meal deals (£75) +- Spend less on games I don't play (£40) + +Total amount saved from these easy changes would be almost £170 per month. That's equivalent to a pay raise of £3-4k (edit - to clarify, this is worked out by looking at what rise I'd need to have that change in net pay each month), or a decent amount put into an S&S ISA per month. Or I could even spend the money in countless better ways than eating rubbish sandwiches at the shop. + +I guess my message is this - even if you're in a fantastic financial position, take a look at what you're using your 'free' money on - maybe you're already sensible, but very easily you could be a different version of me! +Hi everyone, I got a kettle last year. Before getting her, I extensively researched how much they would cost over their lifetime, what unexpected costs may occur etc to make sure I could financially be responsible. Now that I have had a kettle from new -> 1 year I thought I'd share my costs! + +**Expected:** + +£9.99 - cost of the kettle from Argos - Cookworks White - https://www.argos.co.uk/product/6992277 + +£0.025 per boil @ 730 boils per year + +Sub-total: £28.24 + +**Unexpected:** + +Covid-19 really threw expectations out of whack. I've been averaging 8 boils per day since March as I now "work" from home. Working generally consists of playing Red Alert 2 online, and making cups of tea. + +£18 - 6 boils per day extra for 4 months + +£0 - limescale + +**Total for 1 year: £46.25** + +Thoughts: Whilst I did not expect the limescale build up, the aesthetics do not bother me in the slightest and though it may add some cost to the boiling I have not consider removal yet. Perhaps something for me to build into my budget next January. + +I'd be happy to talk more about my experiences as kettle owner and will edit the post if I remember any other costs! +Probably a stupid question. + +As I understand it, VAT is charged on the value added. So if I buy a burger bun and a burger patty, I pay VAT on that purchase. Then if I cook and sell the burger, the customer pays VAT on the difference between the sale price of the burger and the price I paid for the ingredients. I hope that's right? + +If so, how does the system keep track of that? Am I, a burger retailer, expected to know how much the ingredients cost for each item and calculate the tax accordingly? Equally, isn't it the case that when I get charged VAT in a shop it's charged on the full price? +I make about 70k/yr just started being a consultant for netsuite so I believe I have a somewhat of a good career path. Hopefully ~100k in the next 2-4 years. + +I get paid around $4500/mo after taxes + +Right now I my monthly payments are: + +- car $357/mo +- rent $1450/mo +- avg utilities $120/mo +- cell phone $50/mo +- gym $35/mo +- car insurance $122/mo +- haircut $120/mo +- medication $30/mo +- gas $120/mo + +In total that is: $2404 + +So net would be around: $2,096 + +Groceries varies and other expenses.. but what would you guys do? My plan is to try and save around $1000/mo + +What do you guys think? I’m considering moving back to my parents to decrease my rent expense. + +I have about ~20k in 401k, 2.2k cash saved, 1k in my checkings and 1k in stocks. + +I’m always stressing about my current financial situation, I know I shouldn’t compare but social media is just toxic and I always feel like I’m behind, messed up in my early years and now have to save aggressively. + +Please let me know what you guys would do in my position. + +Thank you if you’ve read it this far!!! +Edit6# credit to u/ThaStonk + +“https://www.rakuten-sec.co.jp/ITS/company/pdf/co16_kitei_05.pdf + +This is their TS for the foreign stocks +check section 10-10 + +I had to call them and tell them that I wanted to check my voting rights according to this, and they had to find someone who knew about it and they will call me back, and they did but it went to voicemail.” + +There is nothing that says Rakuten users can’t vote in their PDF. If you’re with Rakuten and bought shares before 4/15 then call them and bring this up when speaking to them. I’ll try again tomorrow and use this knowledge ThaStonk shared with me. You can be mad at Rakuten as a company but don’t be rude over the phone when speaking with the staff. Hope this helps y’all Samurai Apes!! + + +Edit5# I will read Rakuten Securites user terms and agreement in a few hours to see if share lending/margin is mentioned. Japanese friend and I will proof read and update once more. Stay strong (update Rakuten does not lend shares by default, you have to register for that, and for margin account) + +Edit4# Take this update with a grain of salt, doesn’t mean your shares are on margin but this does seems fishy to me, IGNORE anyone telling you to transfer/sell. I just want to bring light to this: + +[DEBUNKED, choosing any topic on the chat option changes chat HTML to /margin + +Sorry but I’m wrong on this one, seeing the html change to /margin gave me ptsd and made me jump to conclusions. I’ve come to dislike that word too much for my own health. + +I went to chat with their customer service here: + +https://www.rakuten-sec.co.jp/web/help/chat/ + +When you choose to chat about [米国株式] (US Stocks) the HTML link changes to: + +https://www.rakuten-sec.co.jp/web/help/chat/margin + +——————————————————————————————— +Rakuten Securities won’t let us apes vote because according to them they use Interactive Brokers as their US custodian and the shares are under Rakuten and not under our names! + +THIS IS JUST AN EXCUSE! + +Tiger Brokers who use Interactive Brokers as their US custodian under Tiger Brokers name let apes vote because of high demand for voting! IF THEY WORK THE SAME AS RAKUTEN THEN RAKUTEN HAS NO EXCUSE! THEY ARE LAZY AND INCOMPETENT! + +Let’s get 楽天証券無能 (Rakuten Securities incompetent) trending on Twitter!!! + +Anyone who is Japanese or international, knows Japanese or even just google translate is enough!!! We need to push them to let us VOTE! + +Please, this is a cry for help. Most Japanese GME holders don’t know about the DD so there has not been a big movement yet. I’m trying my best to inform people around me but there’s not much I can do alone. + +I have so much love and respect for all you Apes! + +Edit3# comment by u/HalleysComet41 + +I would recommend adding the hashtag #ゲームストップ事件 or gamestop incident, as that is what it is commonly referred to. (By commonly, I mean common among the very very small percent of the population who is active in investing / investing news / or watches Horiemon) + + +Edit1# RAKUTENS TWITTER HANDLE IS @RakutenSec + +https://twitter.com/rakutensec + +Edit2# what you can write to @RakutenSec: +update by u/WowSuchinternetz : + +Your Japanese translation is garbage. Here's a better one. + +楽天証券によると顧客の米国株式はカストディアンであるインタラクティブ・ブローカーズが保管しており、顧客名義ではなく楽天証券名義で保有されているため、顧客にはゲームストップの議決権を行使させることは出来ないとしている。 + +これは単なる言い訳です！ + +タイガー・ブローカーズは楽天証券同様にインタラクティブ・ブローカーズをカストディアンとしており、同様にタイガー・ブローカーズ名義で保有されているにも関わらず顧客にゲームストップの議決権を行使させている。タイガー・ブローカーズは楽天証券と同じ様な管理形態になっている。タイガー・ブローカーズは顧客に投票させているのに楽天証券はさせないというのは言い訳が立たない！楽天証券は怠慢で無能だ。 + + #楽天証券無能 (don’t forget the hashtag!!) + +Translation: + +According to Rakuten Securities, Interactive Brokers is the custodian of US stocks and your shares is under Rakuten name, not our name, so @RakutenSec will not let shareholders of GameStop vote. + + This is just an excuse! + +Tiger Brokers, who uses Interactive Brokers as a US custodian under the name of Tiger Brokers, let shareholders of GameStop vote! Tiger brokers works thr same as Rakuten. Rakuten has no excuses when it works for Tiger Brokers! Rakuten is lazy and incompetent. +Been here since January seeing all the ups and downs of this heavily manipulated stock. While trying to buy more every paycheck... + +I just want you all to remember. Nothing has changed. Trust the DD. + +* We own the float. +* They need to close their positions. +* The price is wrong. + +If you bought at 250 why wouldn't you buy at 160? + +**HODL!** *For holding is the way!!!* + +&#x200B; + +Not financial advice but if you need to hear it, check my latest and only hit (Featuring Britney): + +[https://www.reddit.com/r/Superstonk/comments/o72zta/you\_betta\_buy\_gme\_freebritney/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o72zta/you_betta_buy_gme_freebritney/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +&#x200B; + +&#x200B; + +EDIT: Please be careful about investing. Specially in a certain IPO that is being shown in ads here in Reddit of a certain trading app that steels from us to give to the rich. Please Inform Yourself! + +🚀🚀🚀🚀🚀🚀🚀🚀 +[CA proposes 25% tax on real estate investors](https://www.nbcsandiego.com/news/local/california-lawmaker-proposes-25-tax-on-real-estate-investors-to-level-playing-field/2890895/?amp) + + +What are your thoughts? + +EDIT: [Text of the proposed bill](https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220AB1771) + +Based on what I read, it sounds like this will impact those doing 1031 exchanges as well. Let me know if you interpret it differently…. + +“The California Housing Speculation Act: income taxes: capital gains: sale or exchange of qualified asset: housing. + +The Personal Income Tax Law and Corporation Tax Law impose taxes upon income, including income generated from any gain from the sale or exchange of a capital asset. + +This bill would, for taxable years beginning on or after January 1, 2023, impose an additional 25% tax on that portion of a qualified taxpayer’s net capital gain from the sale or exchange of a qualified asset, as defined. The bill would reduce those taxes depending on how many years has passed since the qualified taxpayer’s initial purchase of the qualified asset. The bill would create the Speculation Recapture Community Reinvestment Fund and would deposit the revenues received as a result of this increase in tax in the fund. The bill would require the Franchise Tax Board, upon appropriation by the Legislature, to allocate moneys in the fund, as described. + +This bill would include a change in state statute that would result in a taxpayer paying a higher tax within the meaning of Section 3 of Article XIII A of the California Constitution, and thus would require for passage the approval of 2/3 of the membership of each house of the Legislature. + +This bill would take effect immediately as a tax levy. +For the sake of this question let's skip the legal ambiguity and assume Biden has the power to do this. Tomorrow he signs an executive order canceling the entire federal student loan debt portfolio (about $1.6 trillion). + +What happens? Would there be a ripple effect on private businesses? Households? Foreign countries? How would this affect inflation? Would it weaken the US dollar? + +Most Redditors would support this, but I can't help but think there would be some pretty negative unintended consequences. +As per the title, I'm gonna do a 2K to 100K challenge on a live account and here's just explaining my trade execution plan: + +# Indicators used: + +* 200 SMA +* Support and Resistance + +# Currency Pair: + +EURGBP , AUDUSD + +# Trading Time: + +Asian + London Session + +Time Frame: 1D, 4H for determining crucial S&R, 1H for entering trade + +# Trading Style: + +A mix of Day trading and scalping strategy + +# Trading Strategy: + +Edited : Some of the wordings on the below + +1. Use 200 SMA in 1hr time frame to determine if this is uptrend or down trend. +2. Determine a Standard Support and Resistance Level, and market memory Support and Resistance Level in 1hr time frame +3. Put buy limit (If is uptrend) to the Support level or sell limit (If is downtrend) to the resistance level +4. Avoid key Support level and resistance level in the 1D and 4H time frame + +# Lot Size: + +As this is a challenge, the idea is to grow the account exponentially so the lot size adjustment will be very aggressive + +Leverage = 1:100 , + +AUDUSD=0.2 Lot EURGBP=0.3 Lot + +increase lot size by 0.1 (AUDUSD), 0.125(EURGBP) when account grow by 1K. + +i.e + +1. 2K = 0.2 Lot (AUDUSD), 0.3 Lot(EURGBP) +2. 3K =0.3 Lot (AUDUSD), 0.425 Lot(EURGBP) +3. 4K=0.4 Lot (AUDUSD) , 0.425 Lot(EURGBP) so on and so forth + +edit: Readjusted Lot Size after back testing this strategy + +Risk and Reward = 1:2 edit: adjusted SL and TP for the 2 pairs, introducing TP ++ as trend + breakout TP AUDUSD SL = 24 pips , TP = 48 pips , TP++ = SL at +24 pips with running profit until first pullback occur + +EURGBP SL = 18 pips , TP = 36 Pips TP++ = SL at +18 pips with running profit until first pullback occur + +# Risk Management: + +edit: re-adjusted move SL after testing this strategy + +Given this is an aggressive scalping strategy - SL would be moved to manage risk AUDUSD: When up by: 12 pip -> move SL to 1 pip profit + +24 pip -> move SL to 8 pip profit + +EURGBP: when up by: 9 pip -> move SL to 1 pip profit + +18 pip -> move SL to 6 pip profit + +once the SL hit at above, re-enter via using buy/sell limit, but buy/sell limit entry has to adjusted to a better entry than the before trade (i.e lower buy limit by 0.5-2 pip , raise sell limit by 0.5-2 pip) + +There are a few rules set for not taking a trade on a certain scenario even the above strategy condition has met: It's hard to explain so i'll probably explain this on another post or i'll probably have to think harder on how to present this. + +&#x200B; + +Wish me good luck! + +&#x200B; + +&#x200B; + +While i am thinking on how to share my trade journal, i'll just put this on to here so i can share my trade with everyone. + +This is the first trade that i took this week , + +&#x200B; + +https://preview.redd.it/00v21kzbf2451.png?width=469&format=png&auto=webp&s=4202417c72874058938b15e6d11c5657323a66bd + +&#x200B; +So I assume most of you know the “WTFhappenedin1971” website that connects things like rising income inequality with fully dropping the gold standard. The website has some pretty convincing stuff but I’m curious what other explanations there are for what changed that year? +Disclaimer: I'm a MSc student in CS and this is for a homework, so my experience in finance, markets and trading is definitely limited. + +For a homework we were told to predict if a company's closing stock price for the day will rise, stay or go down. This is defined as if the rate of change in closing price between two adjacent days is larger, smaller, or within 1.5%. We should do this for 20 companies for 5 days. + +We can use any approach so I went for the "intuitive" approach of using linear regression on the closing price for the previous day and the dates to predict the price for the next day. I also read that in short term markets tend to be mean-reversing so I add a variable that represented the moving average for the past 20 days. For data I gathered roughly 700 closing stock prices for each company using an API for YahooFinance. I predict the price from the next day and then depending on how much it changes I classify it as rise, stays, or decreases. + +I used linear regression with L2 regularization (a few different values for the regularization coefficients but they didnt change much) and trained different regressors using the date, the price from previous day and the moving average from previous days as data, combined in linear ways. I also did some runs without date as an input variable. + +I also compared against predicting a random value for raise, stay or decrease (equal probability of 1/3) or skewed towards growth (since that's a common factor for stock prices) with a mean, std and skewness calculated from the values for all the 20 companies stock prices time-series. + +For testing I fitted the regressor using values up to a certain date and then predicted the next one. Repeated 500 times, so for the first regressor it would use all values - 1, but for the 500th one it would use all values - 500. + +Disclaimer 2: I'm pretty sure this methodology is probably sub-optimal so I welcome better ideas for how to test something like this rather than just split into x\_train and x\_test with certain percentages since I don't think that applies for this case where I just want to know results for the next item in the series. + +Anyways, results (averaged over the 500 runs) were as follows: + +Mean random accuracy: 0.34070000000000006 + +Mean skew distribution accuracy: 0.4109 + +Mean linear regression prediction accuracy: 0.5107 + +The linear regression was without date. With date this value went down, and the different values of alpha for regularization didn't change that much tbh. + +Conclusion: Changes in stock market from day to day have (almost) no correlation at all with previous values; the linear regression model's always predicting either raise or stay at least from what I'm seeing, and since that's what you mostly see that explains the higher prediction accuracy than completely random. + +Personal comments: I'm pretty sure there must signal, but it must come from a far-away source that is not in the stock price itself. For example I read a case of some guys that were looking for an expert on computer vision to help detect oil leaks in the middle east using satellite imagery to use as signal for predicting stock prices. I imagine there must be many similar analogies for other industries, including NLP data. + +Overall, more than anything about time-series themselves, I learned a lot about this incredibly fascinating world of trading, and hope I can keep learning to one day trade for real. +Tesla announced in an SEC filing Monday that it bought $1.5 billion worth of bitcoin. + + +The company also said it would start accepting bitcoin as a payment method for its products. + + +CEO Elon Musk has been credited for raising the prices of cryptocurrencies, including bitcoin, through his messages on Twitter. + + + +https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html + + +Link to SEC Filing: https://www.sec.gov/ix?doc=/Archives/edgar/data/1318605/000156459021004599/tsla-10k_20201231.htm + + +> In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. **As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest a portion of such cash in certain alternative reserve assets including digital assets**, gold bullion, gold exchange-traded funds and other assets as specified in the future. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt. **We believe our bitcoin holdings are highly liquid. However, digital assets may be subject to volatile market prices, which may be unfavorable at the time when we want or need to liquidate them.** + + + + + +Other sources: + +https://www.bloomberg.com/news/articles/2021-02-08/tesla-invests-1-5-billion-in-bitcoin-plans-to-accept-cryptocurrency + + +https://techcrunch.com/2021/02/08/tesla-buys-1-5b-in-bitcoin-may-accept-the-cryptocurrency-as-payment-in-the-future/ +If you haven’t been browsing WSB or doing your own research, you’d probably think that the people on Twitter are correct in saying there is a silver squeeze happening and we should all get in on it. There are quite a few wsb-logo Twitter accounts pushing this. This is BS & the straight up the ANTITHESIS of who we are. + +By buying silver/going long on silver, you would be directly putting money into the pockets of the EXACT HEDGE FUNDS ON THE OTHER SIDE OF $GME 🚀 🚀 🚀 💎 🙌 The hedge funds are LONG silver NOT short silver. + +The media, Wall Street, normies, and every other non-WSB autist are trying to push you to buy silver. This would be a tragic, irreversible decision that not only will most likely not make you any money because the squeeze is fake, it will put you on the sidelines from this righteous and glorious war we are in. + +If you are looking for alternative investments to GME, I’d recommend simply getting in on the $BANG GANG- Blackberry, AMC, Nokia, and GME. + +For the feds and the media and all the dumb people reading this, I am the last thing from a financial advisor and am a complete, 100%, full retard autist. + +BANG GANG CHEEEEEEEHOOOOOOOOO + +Edit: I am not talking down on silver as an investment, I am not saying it's not a good hedge, I'm not saying anything bad about silver in any form. I'm simply pointing out that right now, this "squeeze" that all these people are referring to is definitely not a "squeeze" at all and is an artificial hedge-fund driven attempt to reduce the GME momentum and we should all be cognizant of the media manipulation and happening everywhere including right here. For all you that want to buy silver, great, buying the bullion directly in my humble autistic opinion is better than shares in a fund that supposedly buys it but don't trust some autist on the internet. BANG GANG + +Edit #2: Fellow autists, we have ascended to the #2 post on all of reddit. Our $GME gains this week and beyond will carry us to the gates of Valhalla. Look to your left, now look to your right, these are your brethren and sisterthren who will diamond hands with you until we all pass down these tendies to our children's children. Onward. +🔥 **DO NOT MISS 1st JULY!! This will be the BIGGEST day for mystery coin yet! A combination of things will be happening – BE READY!** + +&#x200B; + +* • Mystery Father will be launching (you will need 50B Mystery Brother) to buy Mystery Father. +* • Father will be interacting with Mystery Sister in a big way! Within 60 mins from launch +* • Sister will make a MASSIVE burn of Mystery Brother within 60 mins of father launch. No Brother burns will take place before the 1st of July to build the burn amount for maximum impact! +* • Another part of the mystery will be revealed! + +Mystery Coin have JUST ANNOUCED they will be creating a SAFU Launchpad for the BSC Network! This team are continually active and busy working on the Mystery Coin project. If you are not involved with the mystery coin project. TIME TO GET A TICKET! Lots more planned and on the way. They are releasing new coins every week! + +🔥 **What is mystery Coin all about?** + +Mystery Coin is an entire ecosystem of coins that will interlink with shared tokenomics. The concept is that each coin released in the ecosystem benefits the already existing coins. Visit the website and checkout the roadmap, several more coins still to come! The first coins have already been released - Mystery Brother that did over 300x on launch, and Mystery Sister that just launched and did 150x on launch. Make sure you join the telegram for constant updates or to chat with the helpful community. Father is coming next week! + +Check them out on telegram - [https://t.me/MysteryCoin](https://t.me/MysteryCoin%22%20%5Ct%20%22_blank) + +Check out their website - [https://www.mysterycoin.family](https://www.mysterycoin.family/) + +🔥 **Is this Safu?** + +The main purpose of the mystery coin platform is to give everyone a safe playground where they can make money. The devs are known to the BSC community from their previous charity coin project – No War Coin + +&#x200B; + +* • **Doxed Devs** +* • **Locked Liquidity** +* • **No Team Tokens** +* • **Ownership renounced after launch.** +* • **No false promises of projects that will never happen!** +* • **Anti-Bot, Anti-Whale, Anti-Rug** +* • **Big Marketing Budget** + +🔥 **Tokenomics (Sister) & Contract details** + +Sister is a bit of a pyromaniac and likes to BURN things! The purpose of this coin is to dramatically increase the value by rapidly reducing the supply. Sister also burns 2% of her brothers’ tokens with every transaction! Over 1/3 of her supply has been burnt since launch 3 days ago! + +🤝 **14% Burn** + +🤝 **5% Marketing** + +🤝 **4% Auto Liquidity** + +🤝 **2% Brother Burn** + +**Mystery Coin Sister (MYSS)** + +🥇 **Contract Address:** 0xa135845d026ead657adc0b96060a472e77b299b0 + +&#x200B; + +🔥 **Tokenomics (Brother) & Contract details** + +Brother likes to SHARE his things! The purpose of this coin is to make all holders gains by heavily encouraging people to hold and benefit from the high reflection percentage. Brother has a 5% marketing tax so that they can heavily invest in marketing and properly promote the coin. The one thing you can expect from this coin is that it will be everywhere! People report doubling their tokens within days of launch from the HUGE reflection percentage + +🤝 **15% Redistribution to holders** + +🤝 **5% Marketing** + +🤝 **3% Auto Liquidity** + +🤝 **2% Burn** + +**Mystery Coin Brother (MYS)** + +🥇 **Contract Address:** 0x344424e5d0b3037c78c698609cd56b36e7481951 + +&#x200B; + +📱 **JOIN THE DISCUSSION!!** + +[https://t.me/MysteryCoin](https://t.me/MysteryCoin%22%20%5Ct%20%22_blank) +As someone who is in California, seeing home price in other states makes everything seem super affordable. So I spoke to RE agent in NC and the first thing he told me was that I'd be buying at the top of the market and at a premium so to wait until the market settles. My reaction was ok, "this guy is putting aside a sale to help me" but I'm curious what you think? If the rent market is strong, would it make more sense to buy at a premium now and start collecting rents? I'm asking because the RE agent said that with interest rates increasing, less people can find homes so rent prices go up - - - so this makes me question if it makes sense to be in the market now and not try to time the market. + + +Also, does anyone ever take time to make projections to see if time in the market vs timing the market make sense for the numbers? If so, can you share your protection template? +I read Up Wall On Wall Street last year and I was playing around with Python programming, so I thought, why not try to get the PEG ratio for all the companies within S&P? However, I made a few adjustments and filters along the way. + +This post will be divided into three segments: + +1. My approach to calculating the PEG ratio (hence, why I mentioned adjusted in the title) +2. The companies with a ratio below 1 (If you are only interested in that, well, you'll notice the table) +3. The distribution of the S&P500 companies based on the ratio + +&#x200B; + +1. **My approach** + +First of all, the PEG ratio (Price/Earnings ratio divided by growth) is a bit of an improved ratio compared to the traditional P/E ratio as it does take future growth into account. + +However, the P/E ratio on its own ignores a lot of information, so I made a few adjustments and will illustrate them with short examples. + +If we have two identical companies that earn $100k/year in net income, each one with a market cap of $1m, the P/E ratio is the same = 10. However, what if one of the two companies had $500k in cash in addition? Well, in a perfect market, the market price will be $500k higher. This difference in the market price, although justified by the fundamentals (the excess cash), will result in this company having a P/E of 15 and appearing more expensive compared to the one without the cash. + +So, I adjusted the market cap for the cash on the balance sheet & the debt (for the same reason) and get close to enterprise value instead of the traditional market cap. Is this perfect? Not really, but the outcome is better. + +Now, once I have the P/E ratio, the next part is looking at growth. + +When there are events with high impacts (pandemic, wars, supply chain issues), in most cases there were temporary decreases/increases in earnings (part of the P/E ratio) and temporary growth/decline ahead that is not sustainable in the long run. So, as a proxy for net earnings growth, I took the average analyst estimates that are available on Yahoo Finance, two years down the line So the EPS growth from 2023 to 2024. Is this a perfect indicator for sustainable earnings growth? Absolutely not, it's quick and dirty and that's the best I can come up with. + +In the book, Peter Lynch rightfully mentions that dividend yield should also be taken into account in addition to future sustainable growth. If a company pays out dividends, it has less cash remaining to re-invest and grow further. This should not lead to punishing the company measuring through this PEG ratio. + +So the formula that I'm using is as follows: + +***(Enterprise value / Net income from continuing operations) divided by (Forecasted EPS growth + current dividend yield)*** + +After running the script, I had the outcome for 374 companies. Not 500, as the future EPS forecast isn't available for all. There go 20% of the companies. + +Afterward, I had to filter out the companies with negative P/E ratios and negative EPS growth (for obvious reasons) and I was left with **278 companies**. + +&#x200B; + +**2. Companies with PEG ratio below 1** + +&#x200B; + +|Ticker|Name|PEG ratio| +|:-|:-|:-| +|NRG|NRG Energy Inc |0.2| +|AIZ|Assurant, Inc. |0.28| +|FOXA|Fox Corp Class A |0.36| +|TGT|Target|0.38| +|MGM|MGM Resorts|0.38| +|PVH|PVH Corp |0.39| +|LUV|Southwest Airlines|0.44| +|TER|Teradyne, Inc |0.46| +|BBWI|Bath & Body Works Inc |0.5| +|BBY|Best Buy Co Inc|0.51| +|FOX|Fox Corp Class B|0.53| +|STX|Seagate Technology Holdings PLC|0.54| +|DXC|DXC Technology Co|0.56| +|HAl|Halliburton Company|0.59| +|ATVI|Activision Blizzard, Inc|0.63| +|HPE|Hewlett Packard Enterprise Co|0.64| +|SLB|Schlumberger NV|0.64| +|RL|Ralph Lauren Corp|0.64| +|BWA|BorgWarner Inc|0.65| +|DAL|Delta Air Lines, Inc|0.68| +|GRMN|Garmin Ltd.|0.79| +|CMI|Cummins Inc.|0.84| +|MLM|Martin Marietta Materials, Inc.|0.84| +|TPR|Tapestry Inc|0.87| +|LMT|Lockheed Martin Corporation|0.88| +|DLR|Digital Realty Trust, Inc|0.88| +|AMAT|Applied Materials, Inc.|0.94| +|EQR|Equity Residential|0.94| +|HES|Hess Corp.|0.96| +|NKE|Nike Inc|0.97| +|PGR|PROG Holdings Inc|0.97| + +&#x200B; + +**3. The distribution of the S&P500 companies based on the ratio** + +The interpretation of the score is defined as follows: +If under 1 - Stock is undervalued + +If 1 - Fairly valued + +Over 1 - Overvalued + +Out of the 278 companies, the distribution is as follows: + +PEG under 1 - **31 (11.2%)** + +PEG between 1 and 1.5 - **33 (11.9%)** + +PEG between 1.5 and 2 - **43 (15.5%)** + +PEG between 2 and 3 - **69 (24.8%)** + +PEG over 3 - **102 (36.7%)** + +&#x200B; + +I thought someone mind find this interesting, so why not share it with the rest? + +I hope you enjoyed the post and feel free to critique it :) +Interesting article on CNBC today highlighting Millennial savings habits & discussing a recent Merrill Study into the topic: http://www.cnbc.com/2017/05/23/heres-what-millennials-are-prioritizing-instead-of-retirement.html + +Of course take it with a pinch of salt (personally not a fan of the person they interviewed) but interesting to see FIRE on the front page of CNBC. Thoughts? + +Edit: The underlying survey makes for a much more interesting read than the CNBC article. https://www.merrilledge.com/report + +Edit2: Keep in mind survey methodology when reading: The survey consisted of 1,023 mass affluent ($50K-$250K) respondents the U.S +I’m not a religious person at all, but this year has been so rough financially and my friend told me about Angel Tree through the Salvation Army and I signed my kids up. Basically, a family “adopts” a family in need and donates Christmas presents and food. +I picked up the presents today, and I have to say I am in awe and completely overwhelmed by the generosity. Whoever adopted my family must have spent upwards of $300 on each of my 3 boys. +I am so unbelievably grateful that my boys will be able to have (an excess!!) of gifts to open on Christmas. I wish that there was a way to send a thank you letter to the people who were so so so generous to my family, but maybe one day when I get straightened out financially I can do what they did for another family in need. +I just want to urge anyone who, like me, feels bad about getting help from a religious organization when you aren’t aligned with that lifestyle, please accept the help when you need it. The people working there were so kind and gracious. +I know that there are many people who aren’t able to have the Christmas they want this year and I hope I’m not coming off as gloating or anything, I just wanted to share a little bit of happiness and say how grateful I am to those who choose to spend their money and time making other peoples Christmases merry! +If you wonder why on a Sunday, prices of Bitcoin went even further down in a bull market, it's unfortunately correlated to Elon's tweets. This isn't natural market behavior. + +As of today, he is fully attacking Bitcoin, Bitcoin developers, and calling Bitcoin centralized. Wonder why he is behaving this way? I predicted this. + +I posted this 2 days ago and it got 1.5k upvotes before the mods deleted it for too many Elon Musk-related posts. This is the content. I think it's important people recognize he is behaving more and more like a person with narcissistic personality disorder. + +The topic: + +>**Everyone might have mistaken Elon's intention. This isn't about pumping and dumping crypto.** +> +>I worked with someone who has narcissistic personality disorder a few years back. He befriended the founder of the company and slowly took over control of the company. +> +>He hated everything that wasn't his. He wanted control, to be part of the leadership of everything so that he could feel the company's success was his own. +> +>He didn't like things he couldn't control. If another company we worked with, didn't involve him in their decision-making process or ask him for advice, he would go off on a narcissistic rage and calling then names. It was his way or the high way. He wanted credit and fame off every success. +> +>The way Elon acted so far was very similar. He has a history of kicking out the founders of the company like he did with Tesla. He didn't like Bitcoin calling it just less shitty than fiat before Tesla bought it. +> +>He promoted Dogecoin as a joke but slowly began to say things like "Fate loves irony. Maybe dogecoin would be the world's currency" and received a lot of love from the Doge community. Then proceed to try to get involved in Dogecoin's development. +> +>Then he talked poorly on Bitcoin, calling it not eco-friendly and hinting at dogecoin's acceptance just few hours earlier. +> +>I'm getting the same narcissistic vibe. I think what's going on here isn't about pumping and dumping. Elon knew he couldn't participate in Bitcoin since there's no Bitcoin ceo or team. He couldn't take over Bitcoin's development or tag Bitcoin to his own credits. He couldn't say "Bitcoin's success is thanks to Elon Musk." +> +>I really think this is about him trying to get attention by literally trying to become Dogecoin's CEO (the dogefather). I think he's trying to make Dogecoin's development his and when it succeeds, he can give himself the full credit. +> +>This guy is literally trying to get everyone to think of himself as the innovator of Crypto. Space, electric cars,neural link and AI is not enough(he bought into these companies founded by other people and credited their success with his own). +> +>He is trying to be a crypto innovator as well, desiring other people to give him that title. This is a pure narcissistic ego trying to be recognized as a genius. + +&#x200B; + +After my post, he attacked Bitcoin on twitter calling it centralized. Wanting to implement 10x block size for Dogecoin or say he will make his own crypto if doge doesn't do it. + +Insulting people who disagree with him. Calling veteran blockchain developers as bad at math. Thinking his paypal experience transfers to crypto. Claiming credit for Bitcoin's market cap. + +He's attacking Michael Saylor as "Saylor Moon" and telling him to tattoo bitcoin on his thighs. The way he attacks people is very childish, insulting them instead of attacking the central idea. This is exactly how this narcissistic guy I used to work with and not something people expect out of a mature and grown adult or a CEO. + +The veteran developers of crypto are slowly realizing this guy is full of shit and childish at that. And you can say "stop the Elon musk spam and give him more attention", but the guy already has attention. + +What we need is to spread the awareness that he is just the product of good marketing and also claiming credits for others' success. + +This is the swimming pedo guy incident all over again. He gets insulted, throws a tantrum, and gets revenge. If you want to see how this turns out, I'm guessing his narcism will take over as he tries to do his own crypto and advertise it as the world's currency. Expecting his audience to "Thanks elon musk for bringing us the best crypto ever". + +Check this video to see Elon Musk debunked: [https://www.youtube.com/watch?v=c-FGwDDc-s8](https://www.youtube.com/watch?v=c-FGwDDc-s8) + +Edit: As of few minutes ago, it looks like he will get Tesla to sell their bitcoin. Just because some bitcoin devs insulted him for being delusional, he is getting revenge by selling Bitcoin. + +Edit2: Found this gem. [https://www.cnbc.com/video/2021/02/06/how-tesla-was-founded-martin-eberhard-and-marc-tarpenning-tell-all.html](https://www.cnbc.com/video/2021/02/06/how-tesla-was-founded-martin-eberhard-and-marc-tarpenning-tell-all.html) Hilarious video. First minute in the video, both founders of Tesla said "We don't know why he has to say he's the founder when he wasn't" while laughing. Even Tesla founders don't know why Elon publicly lied about being the founder of Tesla. +I'm 24 years old and recently just got a job earning £25,103 annually. Graduated uni last year. This is the first job I have ever earned that much. Most of the previous jobs I had I earned less than 18k pa and between the ages of 19-23 it was very difficult for me to find a job that paid me more than that. Finally at 24 earlier on this year I got my first job that paid me over 20k and that was for the first time ever and from then on it was a lot easier. + +Job hunting after I lost my job in July was a nightmare and very frustrating and I was lucky to have savings to tide me over to pay rent for two months while I job hunted for something better, but I was determined to get something that would pay me more than what i had earned previously. It was extremely challenging. Everywhere I looked it was only minimum wage jobs at £8.72 an hour in some awful work conditions. I feel very lucky to have this new job but feel frustrated that it's such a struggle to get jobs that pay more than minimum wage in the uk. It literally took me years. What's going on? Why is it so difficult to move past minimum wage here ? Why are wages so stagnant in the uk compared to anywhere else in the western world? +Tesla announced in an SEC filing Monday that it bought $1.5 billion worth of bitcoin. + + +The company also said it would start accepting bitcoin as a payment method for its products. + + +CEO Elon Musk has been credited for raising the prices of cryptocurrencies, including bitcoin, through his messages on Twitter. + + + +https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html + + +Link to SEC Filing: https://www.sec.gov/ix?doc=/Archives/edgar/data/1318605/000156459021004599/tsla-10k_20201231.htm + + +> In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. **As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest a portion of such cash in certain alternative reserve assets including digital assets**, gold bullion, gold exchange-traded funds and other assets as specified in the future. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt. **We believe our bitcoin holdings are highly liquid. However, digital assets may be subject to volatile market prices, which may be unfavorable at the time when we want or need to liquidate them.** + + + + + +Other sources: + +https://www.bloomberg.com/news/articles/2021-02-08/tesla-invests-1-5-billion-in-bitcoin-plans-to-accept-cryptocurrency + + +https://techcrunch.com/2021/02/08/tesla-buys-1-5b-in-bitcoin-may-accept-the-cryptocurrency-as-payment-in-the-future/ + [https://content.attn.com/sites/default/files/weeksoffulltimework\_1.png](https://content.attn.com/sites/default/files/weeksoffulltimework_1.png) + +college costs have not kept up with inflation. + +is it mostly due to federal student loan programs as this NBER study says? + +[https://www.nber.org/papers/w21967](https://www.nber.org/papers/w21967) + +" We measure how much changes in underlying costs, reforms to the Federal Student Loan Program (FSLP), and changes in the college earnings premium have caused tuition to increase. All these changes combined generate a 106% rise in net tuition between 1987 and 2010, which more than accounts for the 78% increase seen in the data. Changes in the FSLP alone generate a 102% tuition increase, and changes in the college premium generate a 24% increase. " + +[https://www.newyorkfed.org/medialibrary/media/research/staff\_reports/sr733.pdf](https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr733.pdf) + +" We study the link between the student credit expansion of the past fifteen years and the contemporaneous rise in college tuition. To disentangle simultaneity issues, we analyze the effects of increases in federal student loan caps using detailed student-level financial data. We find a pass-through effect on tuition of changes in subsidized loan maximums of about 60 cents on the dollar, and smaller but positive effects for unsubsidized federal loans. The subsidized loan effect is most pronounced for more expensive degrees, those offered by private institutions, and for two-year or vocational programs " +I've been living in Germany for two years and I'm at the end of my master degree in information systems + management. During my studies I've been working part time in the IT department of a big manufacturing company for a year and a half, however once graduated I would like to start my career in consulting as I think it can offer better growth opportunities. Yesterday I had an interview for a data analytics consultant position in a Big4 and I was told that the gross salary would be about 48K, while from what I was able to understand a large company would pay about 10K more for a similar position. The job seems very interesting and I have no doubt that it offers excellent development opportunities (according to the contract you can also take courses and do certifications paid by the company for 4 weeks a year), but I wonder if this difference in salary is not too much and if starting in consulting under these conditions can really be a good decision in the long run. +It seems like this vaccine has real promise but the challenge is in the transport. Most doctors don’t have the specialized refrigerators to store the fragile vaccine. Given the fact that these ultra low temperature refrigerators can be quite expensive (in the 10s of thousands each unit) which company will be the biggest benefactor of this newfound demand? +I had always had my eye on this stock in particular as a dividend stock. it looked promising, gave a great monthly dividend, and has recovered from the pandemic and doesn't look at all like it will slow down any time soon. + +comparing it to something such as VTI, you can see here, [it has a huge outperformance ](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2021&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=6000&annualOperation=1&annualAdjustment=500&inflationAdjusted=true&annualPercentage=0.0&frequency=2&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&benchmark=-1&benchmarkSymbol=VTSMX&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=O&allocation1_1=100) + +I find that absolutely crazy, and it shows that just because something is a "dividend stock" that doesn't mean it isn't capable of growing. On top of that, it pays a monthly dividend that has a good yield that doesn't seem to be hurting the company at all!! Aside from a few years early-mid 2000s, it has crushed VTI it looks like + +I'll definitely be picking up shares of realty income later down the line. The companies Financials are solid, the companies track record is solid, the companies dividend yield is solid, and it recently became a dividend aristocrat in 2020 as well. very promising, but admittedly this is all at a glance. I think psychologically, seeing a dividend of 20 or more every month makes you more eager to invest than seeing a dividend from VTI that is lower, and every three months as well. +Hi Everyone + +Since most people get to buy/sell real estate properties (flats, lands, commercial , etc.) only few times in their lifetimes, everyone learns something or the other that they wish they knew before. + +**What was your learning?** + +It could be related to + +* tactics from real estate agents +* some obscure law that you didn't knew about +* something you realized you should have thought of checking/considered before buying that land or flat, etc. +* legal issues or missing some documentation or due diligence +* etc. + +Want to pool your experience and learnings together for everyone to learn from! + +Footnote: Originally posted on r/india but no traction whatsoever. Hoping to get helpful responses from here. +Day traded for 7 months, and failed. Thought to myself you guys were just gamblers, and some of you got lucky. Day trading was a scam etc (the usual things people when they fail). Then came May, I found a strategy I liked by trading the same exact stock everyday which is NIO, and just scalping it with 1000 shares. I've done this so much I'm practically a nio expert. In the month of May I was green every single day other than the 13th and 26th averaging 450 per day. So far I have been green everyday in June, and hoping to continue it. + +I just wanted to say I was wrong, this is not strictly gambling, this is finding patterns that give you a higher success than failure, then control risk so that even if you are right 50% of the time 1.5 risk/reward will leave you profitable. + +Also trading the same stock everyday is so much easier, you only keep track of the news on 1 stock, and you begin to pick up its patterns, it's all time ranges etc. It's so beautiful when it starts to make sense. + +i will not get cocky, and everyday I am green I say "thank you" and close think or swim, I have to keep humble and respect the market. +Could someone explain the logic behind investing purely for the dividends ? + +The way I see it, It's not worth it unless you have 200K+ . And even then, if you have that amount of money to invest, $300/ month would means nothing to you. +CNN: “The Supreme Court on Thursday blocked the Biden administration's Covid-related eviction moratorium.” +Luckily I haven’t had that issue, but I’m sure it’s a great relief for some. +Hey r/algotrading, I've been working on a stock trading algorithm these past couple months. My interest in trading began this January and since I'm lazy as shit and I know how to code, I decided to code myself something that would trade for me. + +For this project, I used Python and the TD Ameritrade API. I will begin by saying that the TD Ameritrade API is absolute garbage and you should use something else if you want to try something like this. + +The code for TradeAlgo can be found here: [https://github.com/4pz/TradeAlgo](https://github.com/4pz/TradeAlgo) + +TradeAlgo uses web scraping to pull a list of stocks which are predicted to rise already. After the list is scraped, each symbol is then checked to validate if they match the parameters set in the code. (These parameters are created by me after extensive research on how to predict a rising stock) + +After this, the total balance of your TD Ameritrade account is pulled using the TD Ameritrade API and your total balance is split among the stocks which matched the set parameters. You can change how much money from your account is allocated to be used with the algorithm by changing the balance variable to the desired amount. + +Finally, the buy function is called to execute all orders with a trailing stop loss to ensure minimal losses. + +I've also included a way to only see a list of recommended stocks without actually buying them so if you want to make your own educated decisions after seeing what TradeAlgo advises, you can do that. + +**Make sure to check out the repositories ReadMe for detailed setup and usage instructions!** + +*If you have a GitHub account and can star the repository, I'd appreciate it.* + +[Repository Link](https://github.com/4pz/TradeAlgo) + +&#x200B; + +[How TradeAlgo Should Look if All is Done Properly](https://preview.redd.it/613kor6dd7u61.png?width=1674&format=png&auto=webp&s=80548d4ce004378110f0dbcda17bf2c3e93166e8) +My mother worked at Walmart for 15 years. She was just terminated for buying a discounted item soon after it was discounted- apparently the new manager has been very explicit that he didn't want here there. She doesn't have savings, and has been living paycheck to paycheck. I'm unsure what happens next. She lives in TN, can she apply for unemployment? Things have always been bad, but never this bad. I really need help, I'm so scared. I have some savings to help, but I can't pay two rents. + +Edit: I just want to say thank you, I've been talking with my mom throughout this entire thing and sending her your advice. We've got our bearings, at least. We'll see how unemployment goes, and I'm gonna do my best to help her out through the process of finding a new job. Thank you all so much! +I know we arent supposed to say stuff like this but I needed to tell somebody. Right before covid my parents kicked me out and I lived in my car for little under 2 months. I had about $300 in my pocket at the time. Every day, I would wake up early and donate plasma before work and then work 8-12 hours at my sales job depending on how many hours of OT they gave me, I would also shower there too. Ever paycheck I got I would take what little money i needed for necessities and the rest I would put in in bitcoin. To me, bitcoin was hope, hope that I would eventually be able to be financially stable and for a brighter future. I bought in before the dip and during the dip to sub 5000. Again, sorry i know we shouldnt talk about this but i cant tell anyone and today i passed 1 whole coin. + +Edit: For those thinking I am a liar, ill post proof of my getting kicked out and of my holdings, if theres a way to safely do that lmk +Following my last post, alot have been helpful and have suggested reading material which I have done. I recognise an Index fund is probably the best way to go and Vanguard seems to be a safe option. What I don't understand is whether there is any difference in me investing in Vanguard directly as opposed to via a trading app? The app will also let me invest in multiple ETFs but am I missing something? +Hi, +I have a friend that I met at Uni and we're very close (met him on my first day which was last year this time). Just yesterday he was approached through a networking website and attended a meeting for a company named "Amway". I did a bit of research and what I've gathered, it's another pyramid scheme. But how? Aren't they illegal? He literally spilt out everything they said in the meeting about "investing in products, marketing it and gaining huge profits eventually", and seemed genuinely excited. He then wants to bring me in as a mentee, because he thinks I'll really like it. I don't believe he would try to bring me in, if he knew it was something along the lines of a pyramid scheme, (since we're close mates and all). So what does Reddit think of Amway? Is it an obvious choice to run? +Edit: Thanks for the answers everyone! Unfortunately, we had a long debate today about it and he is definitely set. Even after I talked about the pyramid scheme esque facts and everything else you guys said. I'm still going to be his friend but I'm definitely not bought. He is very stubborn and wants me to read a book by KIYOSAKI... he also mentioned that they sell products at a price lower than retail price, contrary to what other posters said. Can anyone confirm? +Mind you guys, I am DEFINITELY not going to consider joining Amway. I might be beating a dead horse but I'm going to still continue to convince my friend to run. + +[https://www.mysanantonio.com/real-estate/article/Billionaire-Mark-Cuban-mustang-texas-ghost-town-16669420.php](https://www.mysanantonio.com/real-estate/article/Billionaire-Mark-Cuban-mustang-texas-ghost-town-16669420.php) +Something I hear occasionally on /r/financialindependence (a community about saving most of one's income to invest in assets to be able to retire very early) is stuff like "good thing most people spend everything lol, if most people were like us the reduced consumption would crash the economy". + +But is that really the case? Since both consumption and investment are part of GDP, shouldn't reducing consumption and just redirecting all that money to investment have zero net impact? What would this actually mean for the economy though? There are many businesses that would definitely not be viable if consumer demand plummeted, so how would we actually see that zero net impact? Presumably other parts of the economy would have to grow? +Hedge fund manager Cliff Asness of AQR Capital Management has revealed a short position on AMC. He claims that “meme stock maniacs” won’t do anything significant in response. + +AMC Entertainment (AMC) - Get AMC Entertainment Holdings Inc. Class A Report stockholders and short-selling hedge funds are on a collision course. Skeptical that retail investors can withstand bear market pressures, hedge funds have been betting against meme stocks in an attempt to capitalize on the fatigue of meme stock fanatics. + +Read the full article: [https://www.thestreet.com/memestocks/amc/cliff-asness-hedge-fund-is-short-selling-amc-stock-and-theyre-daring-apes-to-take-them-on](https://www.thestreet.com/memestocks/amc/cliff-asness-hedge-fund-is-short-selling-amc-stock-and-theyre-daring-apes-to-take-them-on) + +AMC is up 34% since hedge fund manager Cliff Asness shorted AMC and stated: "I dare all the meme stock maniacs to try to hurt us." Do you think he has already been squeezed out of his short? +Nothing was taken luckily but all they’ve basically done is left a voicemail to apologise and asked me to call back to discuss. As usual, my return call wasn’t answered. + +I understand that there’s not much more they can do about the unlocked door except apologise, but I would like to get some compensation for the lights being left on as surely this will drive up our next electricity bill. +What do you think my chances are of receiving anything? + +Obviously I won’t allow an unsupervised inspection ever again…. + +Edit: as some people have kindly pointed out, lights don’t cost as much now as they did when I was a kid. I’ll forget about electricity compensation but I am still mad about the door issue. +I do feel lucky that nothing was taken. Hearing some of these stories is simultaneously putting this into perspective and sapping what little respect I had left for agents +Coffeezilla is a famous youtuber who exposes scams and warns people to never invest in them. His recent video telling people that Doge is like gambling got a community guidelines strike from YouTube and they deleted his channel. Imagine waking up to see your livelihood destroyed. We desperately need a decentralised video platform so that these powerful companies lose their monopoly. We don't matter to them even though we are the users of these platforms, how ironic! + +Edit: He just shared his thoughts on twitter that it might have been the doge army who flagged his video and took down his channel. + +https://preview.redd.it/rt116wyy2ix61.png?width=1166&format=png&auto=webp&s=b432aa9da6c312618a1e01889bebe31d5058b2f2 + +Final edit: He got the channel back after the youtube team manually verified that no guidelines were broken. +I've been following /r/wallstreetbets for years. Usually just for a laugh as I am a stodgy buy and hold guy and don't speculate often. When I saw the $GME shit happening a week ago I thought it was pure stupidity and was not planning on investing. In fact, I bought some $GME puts (which I've since sold since somehow they've gone up based on volatility) betting against the crowd here. + +However, what has started as a decentralized short squeeze has morphed into a class movement. I'm a big populist and think we need big changes in this country, especially a transfer of wealth and power from the elites to the people. When this morphed into a class movement I became obsessed. However, I still wasn't going to buy in because I shy away from speculating on ultra risky stuff like this. But when Robinhood and all the other major brokerages colluded to cause a massive sell off, that's when it became a matter of principle. I've watched all day as the stock has remained relatively stable on very little volume. People are holding despite wall street twisting your arm and trying to make you tap out by only allowing you to sell. It's a beautiful thing to see. I don't think of my purchase as an investment, but as putting my own skin in the game as a fuck you against a rigged system. +I'm about to start a new job and the salary is TBC but between £50-55k. I've never paid the higher rate tax before. I'm also over 40 so it makes sense to salary sacrifice as much as I can afford. + +Would it make sense for me to salary sacrifice earnings over £50k straight into my pension to avoid paying 40% tax on earnings above £50k? I can easily cover my cost of living on less than £50k and my pension pot is not as high as I'd like it to be so it would be a good opportunity to load up on it. + +**Edit: If that salary sacrifice was eventually transferred into a SIPP in the end then doesn't the government add 25% tax relief making the net value of the contribution 125% overall?** +Can delete this if it's breaking the law, but I think the anti-dividend sentiment shared in this sub goes too far sometimes. + +I get it. It's not free money. I know. I think most of us know. But, you're probably Canadian if you're reading this, and fact is that if you're going to invest in Canadian companies, you're probably going to collect some dividends. So what, we're saying Canadian financials are a bad investment now? Get outttta here. I understand there's a tax hit involved, and sure maybe some of us need to be thoughtful about how/when dividends are collected, but it's ridiculous to suggest you shouldn't buy companies with a solid dividend - in fact I'd go a bit farther and say it's stupid. + +So just by virtue of holding the index, you'll get a solid dividend. If you were to take another step, and buy a high div Canadian ETF - the sky isn't going to fall. Shut down YouTube for a second, and actually look at the return on VDY. Has outperformed the index this year not even considering the dividends. If you zoom out, it's pretty close.. which makes sense because this is basically the TSX just less a few tech companies and other things.. because large cap companies on the TSX pay fat dividends.. + +Obviously you gotta do what's right for you, and should diversify and blah blah, but just a push back on the anti-dividend folks here. If someone wants to go for VDY over VCN (just an example), they'll be FINE (probably, not financial advice), in fact they may do better that way long term.. + +I think for investing in the US & Global the math here is different, but for Canada that's the way of things. + +Thank you for attending my ted talk +Background of the question: I live in a third-world country (Philippines) where a large chunk of the economy relies on business process outsourcing for "soft" skills like call centers and offshore accounting. Another significant chunk relies on foreign companies setting up factories for labor-intensive goods. A common factor between the two industries is that all jobs are relatively low-skilled and are easy to have replaced by AI within the next decade. What further exacerbates the problem is that the two industries are about the extent of the country's export industries. A lot of locally-owned companies are focused on real estate and local basic needs production, which are much more stable than exports. They are further disincentivized from exporting because of a lack of competitiveness that stems from high taxes, high input cost, high logistics cost, poor government support, underfunded R&D, and the simple nature of their goods (usually commodities). Local R&D is little to not-existent and brain drain occurs since almost every citizen who's competent enough wishes to leave the country. + +My question is: As AI, robotics and geopolitics will probably cause companies to move back onshore and eliminate the two biggest export industries of the country, how can third-world countries cope? Since wages and other labor-related costs can no longer be lowered enough to compete with non-human means of production +I'm seeing all these posts about "Did I buy at the worst time?" +The reality is, that you'll be paying off the home for 30 years so just chill out, when that 30 year has passed, you'll be so far along in the journey that it won't matter. + +Did you buy the home to live in or make some investment over the years? The reality is we all need a roof over our heads, and if you bought well done. Don't worry about the articles. +Not financial advice™. +The figures below are conceptual in nature. Right now, I'm just going to spill words into this post, then organise it once I remember everything I've forgotten to explain & notice errors[.](https://imgur.com/a/Ui6A4I2) Maybe. + +LCE = lithium carbonate equivalent. +FM = Fastmarkets.GS = Goldman Sachs. +Spreadsheet = ugly. +This table deals with *battery grade LCE only*. + +Doing an accurate supply demand is extremely complex. Imagine that lithium s&d is perfectly balanced until a battery factory is constructed midway through 2022. It operates fully for the final 6 months of the year without any supply, creating a 10,000 tonne deficit (5,000 per quarter). A large 40,000tpa supply project comes online in the final quarter, and produces 10,000 tonnes to satisfy the battery factory. In absolute terms, 2022 was balanced. But clearly, it won't be balanced next quarter, when the battery factory only needs 5,000 tonnes, while the producer is supply 10,000. My figures take that into account. +The basis of my analysis is that a battery factory takes 1 year to bring fully online after construction is completed. That will vary across locations and chemistries. I only have access to 4 months of 2022 data, from which I've extrapolated 8 months of figures. The huge problem is that I'm using the 4 months to not only forecast ahead, but also match historical figures. So my forecast will change very month as data is updated out of China. + +Assumptions: + +* all battery capacity has been converted into LCE according to chemistry type +* spodumene takes 2 months total to become LCE +* installed battery demand takes 12 months to become fully operational +* LFP battery installation compounding 9% monthly in line with current trend +* Ternary (high nickel) installation compounding 2.5% monthly in line with current trend +* light grey numbers are extrapolated using those monthly formulas (inaccurate) + +[1st draft](https://preview.redd.it/qfsthtd98q391.jpg?width=1794&format=pjpg&auto=webp&s=21ce76578c2b666d8e09c07f2cd3b22bbd1d619f) + +Terms: + +* **2022 Partial BG LCE:** additional demand from battery factories that were only partly operational in 2022 +* **2023 Partial BG LCE:** demand from new battery factories in 2023, many of which is partial +* **2023 New BG LCE:** total 2023 demand that didn't exist in 2022 +* **Partial Supply 2022:** additional supply from operations that were only partly operational in 2022 +* **Inventory offsets:** So far, \~4,000 tonnes of BG LCE has been shipped in 2022 that was produced between 2017-2020. That supply won't exist next year. In addition, many battery factories are running at half inventory or less, which means they need to cover that deficit when prices soften, but I haven't included that. +* **2 yellow shaded boxes:** if top yellow box < bottom = 2023 surplus, while > bottom = deficit + +FM has 196,000 tonnes of new demand in 2023, while my formula method gives 192,000. Clearly they have extensive resources, while I have none, so I'm happy to concede. I don't know where GS's 158,000 comes from. You'll notice that if you add FM's additional 4k tonnes to my final 153k total, it matches GS's figure. I checked, and it's merely a coincidence. + +GS's total brine (battery, technical/industrial, primary) figure of 375kt is close to my 374kt. +The root cause of their erroneous 76k forecast is the lepidolite, recycling/scrap & hard rock. + +1. *Lepidolite:* GS claim production as 30kt (2021), 71kt (2021) & 119kt (2023). My sources indicated 54kt (2021), 70kt (2021) & 88kt (2023). I believe my figures are correct, and GS have been lampooned by industry figures for their 119kt next year. +2. *Recycling/scrap:* FM have an additional 3kt for this area, while GS have 19kt, again with fierce criticism from industry insiders. I've gone with 6kt. +3. *Hard rock:* Apologies to GS, as I previously said they were 40kt out. I put Brazilian spod in the wrong column, which means GS could be out by as little as 10kt. + +Tallying GS's 3 key mistakes gives a total of 54kt+, which instantly wipes a significant amount of their 79kt 2023 surplus. The rest is probably connected to [qualification](https://www.reddit.com/r/ASX_Bets/comments/qd3h5c/comment/hhkmtre/?utm_source=share&utm_medium=web2x&context=3) periods, where inexperienced analysts attribute supply too far in advance. + +On my table, you'll notice that incoming supply is predicted to snowball in H2 2023. Fastmarkets seem to agree, as they have Q4 as the weakest pricing period next year. Using a midpoint between carbonate and hydroxide, they predict: + +* Q1 23: US$46,500/t +* Q2 23: US$42,500/t +* Q3 23: US$37,500/t +* Q4 23: US$31,500/t + +You've probably also realized that my formulas predict a slight oversupply in 2023, but in theory, there's no such thing as a 1-20kt surplus, because: + +**PLS's Ngungaju plant may define industry balance next year.** +A little over 20,000t of battery LCE should originate from Ngungaju, and it's not contracted. The 15kt of spodumene it supplies every month may be turned on and off like a tap to control industry balance. +Imagine this scenario in H2 2023, where oversupply has caused prices to plummet: + +* PLS 680ktpa @ $1250/t spod = AU$410mill pa underlying profit +* PLS 480ktpa @ $1550/t spod = AU$420mill pa underlying profit + +Why would PLS keep loading 200ktpa of uncontracted plant 2 spod onto the market, when withholding it might create an imbalance that allowed prices to rise by US$300/t on their remaining 480ktpa? +They plan for their midstream lithium phosphate project to be operating H1 2024, for which 60% of the Ngungaju product has optimal coarseness. They'd simply stockpile it and wait to process it at the much more lucrative midstream level in 6 months time. + +Most importantly, take these forecasts with a grain of salt. +In August 2021, I suggested that Chinese lithium carbonate spot prices would [peak Jan 24-28 2022](https://www.reddit.com/r/ASX_Bets/comments/oz28m2/comment/h7zyjnu/?utm_source=share&utm_medium=web2x&context=3). Fastmarkets predicted a similar peak, with a Q1 plateau. [Goldman turned bearish on lithium in Dec '21](https://www.barrons.com/articles/lithium-stocks-downgrade-51639580052). We were all wrong—prices peaked April 1-7, and only because of lockdowns. We'll be wrong again. + +**Just because GS's process was wrong doesn't mean their end result will be**. The flaw of my table is that it assumes battery factories will operate at full capacity—that people will continue to buy EVs. That would be heavily affected by a recession, and interest rates are rising.I guess that making money on the markets is about making high percentage choices over X amount of time. A high percentage choice on a cyclical stock might involve selling closer to where you think the top is, even if you can't be sure if it'll happen in 1, 3, or 6 months. + +If you take a more nuanced view of lithium, you could easily justify a pessimistic view on specific projects. + +American pre-producer, LAC, is worth AU$4.5bill. They intend to produce 10kt of mixed grade carbonate next year, with a court case potentially being resolved this year for their primary Thacker Pass asset. If successful, they could produce another 30ktpa in 2026 through a process that's never been proven at scale. Add another possible 30ktpa by 2027/8, and their speculative Pastos Grandos tenement. Up to 70ktpa + PG if they're lucky. +AKE currently produce 12,000 mixed grade carbonate from the same basin as LAC, they also have a 200ktpa fully operational hard rock facility, \~20ktpa of LCE coming online progressively over the next 12 months + 2 additional projects online in 2024 (over \~110ktpa of LCE). Market cap AU$7.5bill. Where's the logic between LAC and AKE? + +AU$40bill MC Albemarle are hoping for up to AU$2bill underlying profit this year, with up to $2bill on CAPEXs. PLS have locked in $100mill on CAPEXs. If Albemarle don't debt fund up to 75% of that $2bill CAPEXs, there's a good chance their 2022 FCF will be worse than $7.3bill PLS. And they're tied into long term contracts over 2023 & 2024. Again, I don't see any reason not to be cautious on some valuations. + +Lastly, if you want to see a proper response to GS's report, industry leading analyst Benchmark Mineral Intelligence are preparing a rebuttal. + +Extra notes: + +* lithium supply demand can't be forecast accurately 2 years in advance +* all battery factories currently being constructed, and therefore increasing demand next year were begun during low lithium prices, and that will be true for most built in 2023 +* if factories are postponed due to high prices, it can take up to 2 years for that demand destruction to show up in factories built +* I had said that LFP might challenge ternary batteries in 2023. After doing the figures, I think LFP can't become the dominant battery chemistry until 2024 +* not all technical/industrial grade lithium is equal. Some can be used in LFP some can't. Some can be reprocessed, some can't +* much of AKE's Olaroz 2 production is fed into Naraha, which is why it looks strange in the table +* I've got MIN commissioning Wodgina train 3 in May 2023, not July as FM said. I'm just giving myself leeway, as MIN surprised me before +Saw a comment earlier from someone telling this guys 14 year daughter to max their IRA and stuff and then when she retires, she’ll be a millionaire. + +You also hear people now like graham Stephen talk about how you should drink less Starbucks coffee and eat less avocado toast so you can save that extra buck and put it in an index fund and in 30 years, you’ll be a millionaire. + +Anyone else think being a millionaire isn’t really a big thing anymore? When I was a kid, just imagining a house being worth a million dollars was insane. You’d have a mansion with a million. Now in the Bay Area, you might get a shack for a million. Even in the Midwest, a decent size house round 2000 sq ft is like 300k-400k. + + +According to smartasset’s [inflation projection calculator ](https://smartasset.com/investing/inflation-calculator) based on 2.57% annual inflation, $100 would be worth $212 in 30 years. So $1 million in 2050 would be worth $471k in today’s money. + +In that guys’d daughters example, if she’s 14 now and she wants to retire by 65 in 2071, $100 would be $357 by then so in reality, her “million” would be worth $280k in today’s money. + +If you were to “retire” then as a “millionaire, you’d had as much buying power of less than half a million in today’s money. And that’s only if inflation stays low. If you look at the late 1970’s and then 1980’s and also post WW2, inflation rate was in the double digits. +I’m sure this will get buried among the many posts today, but it bears repeating: short-term fluctuations in the stock market are *short-term*. The fact that the market is down right now does not affect your long-term investment outlook, as stocks are a long-term game. If you sell now, you will lose out on the rebound, just as my parents did during the financial crisis of 2008/2009. You do not want to sell now unless you are selling as part of your financial planning objectives that you have identified long before the whole Coronavirus panic hit. + +Edit: this did not, in fact, get buried among the other posts today. RIP my inbox + +Edit2: to answer some common questions: + +1. “Is now a good time to invest?” - that’s a weighted question, and not one I can answer directly. There are many factors to determine whether or not it’s a good time to invest. Please refer to the wiki for investing resources to see if now is a good time for you to invest. + +2. “Should I be reallocating from stocks to bonds now?” - as mentioned above, reallocations should be evaluated as part of your overall retirement strategy. A reallocation is basically selling some investments and buying others in place of those you sold; as such, it is generally unwise to reallocate in response to a single event and should really be done as part of your strategy towards retirement (e.g. reallocating from stocks to bonds as you get older to limit risk exposure). + +3. “Will xxxxx affect me?” - I don’t know. Although I am a financial professional, if you have any questions relating to your particular circumstances, you should seek out a financial professional outside of Reddit or refer to the wiki in this sub for specific information. + +4. “What if you’re close to retirement? Should I sell?” - if you’re close to retirement, the general financial planning consensus is that you should not have a significant percentage of your wealth in equities. Example allocations would be anywhere from 80/20 or 90/10 bonds to equities. If you have any more than 20% equities and are close to retirement, yes you should probably think about reallocating to bonds, but not because of this recent stock market panic. Again, please consider speaking to a financial professional or using the sub’s wiki for additional info. +I'm seeing an increasing number of news headlines about how a few lethargic teenagers are causing havoc in the marketplace. We're constantly portrayed as obnoxious jerks who don't care about their neighbors and seek to upend the status quo. We haven't done anything wrong; all we have done is buy in a stock with attractive hues that can be easily colored with crayons. Why are we regarded as brats who have come to terrorize the area? So, how many of you are over 30 and know what you're doing? + +Also, I ate a green crayon but it tasted like a blue crayon, how come? + +Edit: Take note, short hedge funds (SHF), BCG, mainstream media, Steve Cohen in particular, and Jim whatshisname, and recognize that we are full of fundamentalists who have finally discovered something to believe in, a small shrine of hope in a sea of disappointments. A guiding light for future generations to reflect on how silly the world was before 2022. It was all because one person saw right through the lies and spurred individual investors. And, as we all know, this is much larger than the stock market or simply investing. This extended beyond countries and histories founded on lies. +If you check "allow substitutes" you can get free upgrades. I just got two packages of oreos for 80 cents each because they were out of the generic cookies. +Whenever a stock i own goes double of what i think is the intrinsic value i either sell part or all of it because i feel the opportunity cost of investing elsewhere is higher. How do some investors ride these sort of stocks to 10x or 100x? Is a "buy underpriced and hold forever" strategy better than a rebalancing strategy? +Im a university student studying commerce and I’ve started to realize that there has to be an efficient way I can outwork my peers and work over time on a certain online activity to actively or passively gain income. Thank you guys. +The increasing of the cost of living has now spread into the great Aussie icon - the Bunnings snag. + +This is the first lift in price for this item in 15 years. + +Prices are set to rise on July 23 across 300+ stores. + +Will there be a run on snags this weekend before the price hike? Will the rise prove too much for some? Will charities make more or less profit? Is the $1.00 rise too much? + +PS - I would’ve linked the article I read this in, but it’s from a source r/ausfinance doesn’t like. +I sent in my resignation letter just then and my boss called me with a furious tone saying he wanted to have a chat to me tomorrow 'before work'. + +I just want to know what my rights are before I go talk to him tomorrow. Am I obliged to tell him why I'm resigning? Yes, I have a new job and everything, but I know legally I don't have to mention it. + +I'm also the lowest level staff in the 'company hierarchy' so there's literally nothing for me to 'hand over' to colleagues. He's denied me every training opportunity these past 2 years, so there's no hope of learning or promotion. +**SEC wants to redefine what an "exchange" consitutes** + +As per an article in [Ledger Insights](https://www.ledgerinsights.com/sec-reviews-exchange-definition-could-cover-defi/): + +*On Wednesday \[26th January\], the U.S. Securities and Exchange Commission (SEC) published proposed rule changes related to the Alternative Trading Systems (ATS). However, a surprise inclusion is the suggested change to the definition of an “Exchange”. It proposes to cover systems that include “communication protocols to bring together buyers and sellers of securities.”* + +*Some in the crypto community are concerned that this might include automated market makers and DeFi protocols. But given that the definition applies to buyers and sellers of securities, these crypto commenters acknowledge that DeFi protocols deal with securities, as the SEC has claimed.* + +&#x200B; + +**Potential impact on DeFi, including blockchain based markets** + +A more detailed look at this in [Crypto Briefing](https://cryptobriefing.com/new-sec-proposal-could-be-a-disaster-for-defi-exchanges/) points out that such a re-defintion could mean: + +*The proposal aims to move the SEC’s definition away from systems that match securities orders using a traditional order book to any system allowing buyers and sellers to communicate their securities trading interest. In addition to broadening the definition of a securities exchange, the proposal also asserts that the new definition will overrule previous SEC no-action letters and guidance, assuring certain kinds of systems are not securities exchanges.* + +*Under this new definition, decentralized exchanges such as Uniswap would be subject to SEC regulations and would therefore need to register with the SEC as a securities broker.* ***As decentralized exchanges have no way of complying with the current demands placed on securities exchanges by the SEC, the new legislation would effectively kill decentralized exchanges operating within the United States.*** + +&#x200B; + +**Under the radar...** + +What really irks me here is that they are making this proposal for the re-definition inside a larger proposal that reviews Alternative Trading Systems specifically for Treasuries. They could have made a separate proposal for this only, but chose to include it within another one that potentially has greater likelihood of getting passed without much criticism. Even Gary Gensler acknowledges the "stealthiness" of this in his [official statement](https://www.sec.gov/news/statement/gensler-ats-20220126) on the SEC website: + +*Relatedly, I support the element of this proposal that modernizes the rules related to the definition of an exchange to cover platforms for all kinds of asset classes that bring together buyers and sellers. Together, I believe that these steps would promote resilience and greater access in the nearly $23 trillion Treasury market, which forms the base for so much of the rest of our capital markets. I’m pleased to support today’s proposal and, subject to Commission approval, look forward to the public’s feedback.* + +&#x200B; + +**Dissent from an unlikely source** + +As for this feedback that they have requested from the public, it is only a very brief time period they have given: 30 days. Which has received some criticism from an unlikely source also within the SEC, the infamous Hester Peirce in her [statement of dissent](https://www.sec.gov/news/statement/peirce-ats-20220126) against these proposals: + +*Notwithstanding the literal and figurative bulk of this \[650-page\] release, the Commission has determined that it is appropriate to provide the public with 30 days to read, understand, consider, consult, identify, model, assess, and discuss these rules and how they are likely to affect trading venues for every type of security that is traded in our markets.  It would have been an irresponsible abdication of our role as the primary overseer of the U.S. capital markets to limit the public to a 30-day comment period on fundamental changes to the $22 trillion Treasury market; it is unconscionably reckless to do so for a proposal the effects of which will reverberate through all of the markets that we regulate, in ways that we cannot foresee.*  + +Perhaps Peirce is just trying to get back into some positive light in the public eye, but her comments here are quite right. For a change as drastic as this, which could even lead to decentralised, blockchain based financial exchanges becoming illegal to operate in the United States, there should be a lot more time and consideration given. As Gensler has invited, hopefully concerned US-based parties can provide feedback to that effect before the end of the 30 days period. + +&#x200B; + +**TLDR:** + +Quietly and without much fanfare last week, the SEC seems to have proposed a redefinition - as part of larger changes to Alternative Trading Systems for specifically Treasuries - of what an "exchange" is. What they have proposed may well lead to DeFi, including blockchain based exchanges of the type that many hope GameStop may look to launch, becoming impossible to legally operate in the United States. The timing of all this, as well as the very short time period of only 30 days for the public to provide feedback before the proposals presumably gets passed, seems extremely suspicious to me. + +&#x200B; + +***What are you Apes' thoughts on all this?*** + +&#x200B; + +**EDIT: These two comments are more bullish explanations for why the SEC are attempting to do this redefinition, which I think are alternative views to also consider:** + +u/Scalpel_Jockey9965: + +*Woah woah. Hold on. This rule is not proposing to target defi per se. This proposed rule is trying to redefine exchange in order to better regulate dark pools. Right now, alternative display facilities (dark pools) are not considered exchanges and are therefore not subject to regulation and oversight. However if so. It looks like it could have collateral damage to defi....maybe. This is however Gensler making progress on his everest worth of promises. Brick by brick.* + +https://www.reddit.com/r/Superstonk/comments/sgy70y/surprised_this_hasnt_had_more_attention_on_this/huzfeso?utm_medium=android_app&utm_source=share&context=3 + +u/Adras-: + +*What if this change also allows the SEC to regulate MM's internalizing of orders? or something like that.* +*Like, if we assume for a minute the Hester Pierce isn't just being cool for retail, and that she's in it to win it for someone else \*cough\* Citadel \*cough\*, then how could this proposal impact Citadel negatively?* + +https://www.reddit.com/r/Superstonk/comments/sgy70y/surprised_this_hasnt_had_more_attention_on_this/huza0l6?utm_medium=android_app&utm_source=share&context=3 +"Nice car OP, I'm really happy for you and all, but if you'd bought something else you could have made more money. May I recommend not buying a car in the future, but maybe a house instead or in fact maybe just keep hodling forever? That's how you maximize profit OP, buying that car was a financially unwise decision. But yeah really happy for you OP, big congratulations" + +Don't be that guy. OP isn't a fucking moron, he didn't make hundreds of thousands by being retarded, he obviously didn't buy an expensive car without realising it will lose resale value. You're not adding anything useful, you're not giving solid advice, you're just being really petty. Meanwhile you probably got a gaming rig and a laptop and an android phone all "depreciating in value" while you're sharing this bullshit advice. + +Maybe this one time you bought a $10 pizza, but do you realise if you'd put those $10 into ETH when it was worth $3.50 you would have had over $2,000 now?! Have you been wiping your ass with 3-ply toilet paper? Yeah should have used your hand and put all those dollars into ETH. You've literally been wiping your ass with thousands of dollars! But yeah congratulations, real happy you wiped your ass. +#What is Baby SatoshiINU: + +- Passive income is the only true way to build wealth, with Baby Satoshi on Uniswap, you can build your wealth with Bitcoin rewards sent to you automatically just for holding + +- $bSATOSHI holders receive their share of 8% reflections from all transactions direct to their wallet as #Bitcoin. The rewards are paid out automatically and are proportional to the amount of tokens you own vs the total supply of coins. Just sit back, relax, and collect your passive gains! + +- Reflection tokenomics are hot right now — but who really wants DOGE or SHIB? Get BTC, the OG of crypto and the base reflection here to stay! + + +&nbsp; + +###Social links for Baby Satoshi Uni: + +✅ Telegram: https://t.me/babysatoshiuni + +✅ Twitter: https://twitter.com/BabySatoshiUni + +✅ Reddit: r/BabySatoshiUni + +&nbsp; + +####📍 Already listed on CoinGecko: https://www.coingecko.com/en/coins/babysatoshi + + +####📍 CoinMarketCap on the way 🚀 + +&nbsp; + +Baby Satoshi has also partnered with Ethereum Vault $eVAULT to bring cross partner promotions, contests and co branded applications as milestones are hit. Lite Paper V1 has also been released. + +&nbsp; +####Why and How did this partnership happen? + +- Both projects ran into each other when a community member brought up the idea. One project is an original USDC reflection token and the other ($bSATOSHI) is an original $wBTC reflection token. As both were early to the space, it was genuinely fitting. + +- So what does this mean? + +- Besides expanding both brands in cross community promotion, both tokens have agreed to developer an Apple/Google App that will track reflections for both as the first loaded tokens on “Ethereum Vault” app. Within the app, “Satoshi Swap” will be integrated as well. + +- The team has agreed to launch this at a combined 1000 holders and so far, the community is excited for this approach. + + +&nbsp; + +###🚀TOKENOMICS EXPLAINED🚀 + + +1 BILLION TOKENS (50.7% Burned) + +🔒 Liquidity Locked + +🤝 Contract Verified + +💰 8% Awards Tax ($BTC) + +💪 6% Treasury + +300 Holders = Buyback Already Done + +500 Holders = Buyback + +1000 Holders = Ethereum Vault App + +&nbsp; + +- The amount of Bitcoin you receive, is proportional to the amount of tokens you own vs the total supply. So in short, the THE BIGGER THE BAG, THE BIGGER THE REWARDS. Just HODL and reap those sweet BTC benefits!!!!! +Seems like nowadays all anyone wants to talk about is day trading/stock speculation… and they’re all experts.. people that really have no business speculating on stocks let alone giving advice brimming with confidence and throwing themselves at the markets with a total lack of inhibition or concern because all they’ve known is a “buy the dip” mentality as a result of a raging bull market. + +Does the old adage no longer apply in the current market? Do bubbles even matter anymore with all the failsafes in the market now? +Tesla announced in an SEC filing Monday that it bought $1.5 billion worth of bitcoin. + + +The company also said it would start accepting bitcoin as a payment method for its products. + + +CEO Elon Musk has been credited for raising the prices of cryptocurrencies, including bitcoin, through his messages on Twitter. + + + +https://www.cnbc.com/2021/02/08/tesla-buys-1point5-billion-in-bitcoin.html + + +Link to SEC Filing: https://www.sec.gov/ix?doc=/Archives/edgar/data/1318605/000156459021004599/tsla-10k_20201231.htm + + +> In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. **As part of the policy, which was duly approved by the Audit Committee of our Board of Directors, we may invest a portion of such cash in certain alternative reserve assets including digital assets**, gold bullion, gold exchange-traded funds and other assets as specified in the future. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy and may acquire and hold digital assets from time to time or long-term. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt. **We believe our bitcoin holdings are highly liquid. However, digital assets may be subject to volatile market prices, which may be unfavorable at the time when we want or need to liquidate them.** + + + + + +Other sources: + +https://www.bloomberg.com/news/articles/2021-02-08/tesla-invests-1-5-billion-in-bitcoin-plans-to-accept-cryptocurrency + + +https://techcrunch.com/2021/02/08/tesla-buys-1-5b-in-bitcoin-may-accept-the-cryptocurrency-as-payment-in-the-future/ +All the related news on Chinese media has been taken down (articles on WeChat, Weibo, Southeast China Post, etc.). But the story now forever lives on the ethereum blockchain at block height 6007493. If anything, THIS is decentralization and censorship resistance. + +Etherscan Transaction: [https://etherscan.io/tx/0xb1ed364e4333aae1da4a901d5231244ba6a35f9421d4607f7cb90d60bf45578a](https://etherscan.io/tx/0xb1ed364e4333aae1da4a901d5231244ba6a35f9421d4607f7cb90d60bf45578a) + +Report on Futurism: [https://futurism.com/unsafe-vaccines-china-blockchain/](https://futurism.com/unsafe-vaccines-china-blockchain/) +Throw away account. 31M, recently hit my number of $5M in VTSAX with the market going up and I'm burnt out from my job. I'm in a niche industry where I can't take a sabbatical and when I leave my industry it is very unlikely I will ever be able to find another job that pays as much ever again ($1M pre-tax). I don't have many hobbies since my job has consumed all my time in the last decade, but some of my best memories growing up were playing Starcraft and doing raids in WoW. It was a flow state where I felt like I could play those games nonstop without any other worries in the world. I haven't had much time to do anything like that in years and my goal has always been to play more video games when I stopped working. Has anyone here retired relatively young to play video games full time? Has it been fulfilling? +Any companies with some exciting and promising catalysts (e.g. promising earning reports, new tech etc.)? + +I've invested and am excited about StageZero (SZLS). They are expected to release Aristole, a product that can detect 10 or more types of cancer in Q1. +As the DD has shown they use ITM puts as an expensive last resort to drop the price. Those 4000 puts cost over 51 million. + +This is by far the highest open interest for any ITM put in the entire option chain + +They may unload the remaining 3000 to try bomb the price down before these mass amount of calls expire ITM today, and so there isn't a 3 day weekend of FOMO buildup. + +#Do not set stop losses + +------ + +**Edit:** Well damn I had to go out right after posting this and came back to it being the top post on the sub, lmao + +Want to address this: + +**How do ITM puts drop the price?** + +I see a lot of people asking this, I read it in [this DD](https://www.reddit.com/r/Superstonk/comments/nc1lny/ive_estimated_the_current_si_based_on_the_si/), basically all options put pressure on the price, calls = upward pressure (see January gamma squeeze), and puts = downward. + +How does it go down if the strike they're exercising is higher than the stock is trading and someone has to buy it from you at 300? The same way it goes up when ITM calls are exercised at a lower strike than the current price and someone has to sell it to you at 200. What are the mechanics that make it work that way? I have no idea, I'm as retarded as the next ape + +They also use OTM puts to hide the SI% which can be seen when they have to report to FINRA, and they use ITM calls to satisfy FTDs which has been part of the T+21 cycles. They've been abusing options to manipulate and kick the can from the beginning. + +I'm not sure if that exact date+strike was used today, but quickly looking over the chain for all dates it looks like hundreds of them have been exercised since yesterday just among the top 10 highest OI ITM puts $300 or higher +There was an issue some months back with the seal. He put a new seal and leak stopped. Tenant unhappy cuz they wanted a new dishwasher. Well this one works so whatever. + +Now they say there is another leak and don’t want landlord to come look. Tenant can’t lockout the landlord from the house!! Now can they? +I am curious to know if you have yourself or know someone who by investing in mutual funds for long term was able to get the returns as shown in mutual fund calculator. +Mutual funds have been promoted very much recently. Me and my friends are also investing in it after seeing the return numbers. + +But I have not met anybody or know anyone who had invested in mutual terms in long term and gained the returns. + +It may be due to my background where most of elders see stocks as "jua" but I would like to know your experience on mutual funds long term investment. +*Disclaimer: I am not a financial advisor. This entire post represents my personal views and opinions, and should not be taken as financial advice (or advice of any kind whatsoever). I encourage you to do your own research, take anything I write with a grain of salt, and hold me accountable for any mistakes you may catch. Also, full disclosure, I hold a net long position in GME, but my cost basis is very low, and I'm using money I can absolutely lose. My capital at risk and tolerance for risk generally is likely substantially different than yours.* + +Before I get into Monday's action, a couple of things: + +I wanted to first give a shout out to /u/piddlesthethug for capturing [this screenshot](https://imgur.com/gallery/RI1WOuu), which shows that moment in time I referenced in my [third Gamestop post](https://www.reddit.com/r/investing/comments/l7qlfh/gamestop_big_picture_the_short_singularity_pt_3/), where some poor soul got sniped while sweeping the 29 January 115 calls. I added it into the post with an edit, but my guess is most who read the post a while back would have missed it. I guess my mental math in the moment was off as you can see from the image that the cost was actually just shy of $500k rather than $440k as I wrote in the post. Brutal. + +People have also asked me where I stand on this trade. I was lucky to get in early, trade some momentum, and retain a sizeable core holding (relative to my play account). As I've mentioned some comments, my core holding, which I will hold until this saga plays itself out, would buy me a new car, all cash. Though after today I'd have to downgrade from a lower end Lexus to a Corolla lol. + +Alright, so, today's action. + +I have to admit that I was just glancing at the chart between writing emails, working on excel spreadsheets, conference calls, and meetings. Whenever I could, I was listening to CNBC in the background, and taking a closer look whenever I heard anything that might move sentiment, or theoretically telegraph an attack as had happened so many times last week. + +In my opinion the price action played out almost by-the-numbers according to a squeeze campaign strategy as I laid out in my previous post. I want to be clear, however, that while it was consistent with what I laid out (liquidity drying up, trying to skirmish at lower and lower price points), you could reasonably interpret it other ways. As I mentioned in at least one comment, seeing things play out in a manner consistent with your expectations is by no means positive confirmation that your thesis is correct. It just happens to be consistent with the evidence you have so far. Always keep that in mind. + +I tried responding to a few comments and questions in realtime as I got notifications on my phone. Just as a heads up, I won't always be able to do so, and it seems like there were a number of knowledgeable people commenting in realtime anyway. As I've said in comments on my previous posts, I am definitely not the smartest person in the room, so don't just take my word for it just because I'm the original poster. Please challenge anything I say if you feel I'm mistaken, and don't dismiss out of hand people who may have a different viewpoint. + +One thing I thought I noticed in early morning market hours action was that there was no sell order depth above the ticker price, which I interpret as a good sign. Downward pushes into fairly good volume got sucked back up largely in a low-volume vacuum. The most extreme example of this was the first push right at market open. Tons of volume to push the price down, then a tiny fraction of volume as price got sucked back up. This means very little continued panicking and bailing due to the aggressive push, resulting in gaps to the upside on the follow-on buying. There were messages and comments from people concerned that low price would let the short side cover, but, as I explained, low price doesn't help the short side unless they can buy at that low price in meaningful volume. That sort of action where price gaps up as soon as buying (whether by shorts or longs) is driving price tells you that there isn't much meaningful volume to be had at the lower prices. From a higher level view, volume through the day dropped as price dropped, and that seems to have remained consistently true throughout the day. + +There was some very strange after-market volume. No idea what that may have been, other than maybe hedge unwinding as T+2 contract settlement outcomes were determined. It seemed, at least to me, to be too much volume in too dense a time window to be retailers bailing out of their accounts en mass. It would make no sense to do so into the vacuum of after hours anyway rather than the firmer price support of market hours. + +I got messages that I was both a short side hedge fund shill and a long side pump and dump fraudster trying to somehow take peoples' money. My sentiment analysis KPIs thus indicate I'm likely striking a healthy balance (lol). + +# The Game (Theory) + +Ok, but seriously, is this situation a pump and dump? + +Possibly. + +I say possibly because, as I stated in a comment, a failed squeeze campaign is effectively identical to a pump and dump in that the only thing that happens is capital is transferred mostly from people who got in later to people who got in earlier. Even worse, in aggregate a good amount of capital may end up being transferred from the campaigners to the short side. Not that it was necessarily intended to be that way from the start--it's just what ends up happening if the campaign fails. + +Ok, so failure aside, what are the dynamics of the trade? What kind of game is this? + +In simplified terms, I'd describe a squeeze campaign where the short side doubles down as a modified [dollar auction](https://en.wikipedia.org/wiki/Dollar_auction) where the winning side also takes the losing side's bid money. In other words, at an aggregate level, it's winner take all, go hard or go home, with all the excitement of market action in the middle. Note that I said in aggregate and with market action in the middle, as that basically means even the winning side will have individuals who lose possibly everything if they get washed out before the end. As I mentioned in some comments where I urged people to consider taking profits if they needed the money, this is going to be a white-knuckle trade to the very end. + +# Power + +For most of our lives, most of the time, the saying that 'information is power' and the closely related 'knowledge is power' are abstract, philosophical truisms that people say to try to sound cool and edgy. More tangible and relevant to our daily lives might be 'money is power', or, for the least fortunate, the threat and reality of physical force. + +Today, for many in the GME trade, that previously abstract philosophical truism gained intense and urgent relevance. What is current SI? Can you trust numbers from S3? What about Ortex? Are there counterfeit shares in play? What is the significance of Failures to Deliver? Can the short side cover their position off the exchange? etc. etc. + +Being in this situation, if nothing else, has lifted the veil for many people. The right information, in the right circumstances, is incredibly powerful. It outlines in stark contrast the power dynamics of information asymmetry. + +If you want to exercise more agency in your future as a trader and investor, you have to make a habit of cultivating your critical thinking skills and ensuring you have diverse and often divergent sources of information. Do not let yourself be trapped in an information bubble where you can be easily manipulated. Most of all, try to avoid developing a [siege mentality](https://en.wikipedia.org/wiki/Siege_mentality) at all costs. If nothing else, in my opinion, it's critical for your long-term financial success. + +I don't know the answer to those questions definitively, and my purpose in creating this account and posting is absolutely not to get people to listen and necessarily believe everything I write. In fact, it would make me happier if I see people use some of the tools, techniques, and concepts I've tried to introduce to challenge some of my thinking. Catching my mistakes helps me. Doing it in the open for all to read helps everyone. + +# Faith, Conviction, Calculated Risk + +Many people trade and invest according to wildly divergent strategies. + +Some people, including those that most Wall Street types consider to be 'responsible' investors, invest on blind faith. You put your capital is someone else's hands (hopefully a qualified fiduciary), and trust that they will do a good job. The only judgment you exercise really is in choosing the person(s) in which to place your faith. This is not entirely unlike what many WSBettors are doing with respect to DFV. I do this with my retirement accounts, though lately I've been considering transferring about half my retirement capital to a self-directed IRA. + +Others trade on conviction. They have, for whatever reason, a very strong belief in an investment thesis that they are willing to put to the test by putting capital at risk, and are willing to lean into the thesis through unfavorable price action so long as no disconfirming evidence comes to light. I consider value investors to fall into this category. + +Others are momentum traders and 'technical analysts', who are trying to read the market data to look for asymmetrical calculated risk opportunity. These opportunities need not necessarily be tied to any particular underlying fundamental investment thesis. All that matters is whether you win on a sufficiently frequent basis and carefully manage your downside risk. + +I think it's healthy to try to gain an understanding of all three approaches. I personally also find it necessary to be careful if you find yourself switching between those approaches mid-trade. I.e., if you started in the GME trade on faith, it may be deeply disturbing if you find yourself in the no-man's land between faith and conviction, where you have learned enough to understand more of the risks in the trade, but not enough to understand the underlying investment thesis of how it could play out. I'm not saying you shouldn't try to make that transition--just try to maintain self awareness if you choose to do so to avoid making any rash decisions. + +# Swimming In The Deep + +So, the consistent #1 question I always get: what happens next? My consistent answer, which I know frustrates everyone, is I don't know, and no one else does either. + +One person in the comments made an astute observation that perhaps the truth, which some may find disturbing, is that our fate really lies in the hands of the whales on the long side rather than retail being in the driver's seat. This may very well be true. I would give it better than even odds at this point. In fact, even if retail collectively represents more shares in this trade, retail is not a well-organized, monolithic entity, and therefore would have more difficulty playing a decisive role at critical times. + +Another question I got, which was a very good one to be asking, is what evidence do we have that there really are whales on the long side? For me, there have been critical actions over the past few days that I would have found to be highly unlikely to be achievable by retail investors, such as the sustained HFT duel into the close on Friday. That was very consistent, relatively well controlled, and sustained push on volume of 6-7mio shares traded in the $250 - $330/share price range. Oversimplified math would peg that at just shy of $2bn in capital flow. That is not retail--particularly with so many retail brokerages restricting trading at that time. The 17mio shares sold into the aftermarket action consistent with a squeeze (and Ortex reported reduction in short interest) is also definitely not retail. Others have pointed out massive action in the options today. Tons of block purchases in the millions of dollars and high 6 figures. Not retail. + +All of that being said, does that really change very much? Even if you consider yourself to be part of a movement, and have genuine feelings of solidarity with your retail fellows (I do, which is why I'm writing these posts and holding that core position), in the end you are trading as an individual. This is a point that I have made repeatedly. In the end, you need to know yourself, know your trade, and have a plan. Your plan may conceivably be to follow someone else (I know many are following DFV to whatever the end may be), but in the end even that is still your plan as an individual. + +If my thesis is correct we will continue to see lower trade volumes, and price grinding down to a floor of harder support, possibly even at the retail line of support (\~$148/$150) I outlined in a prior post. There may also be some price dislocation tomorrow depending on options contract T+2 settlement impact. I don't know enough about what to expect there. If the squeeze is to happen, unless RH lifting restrictions or people transferring their accounts causes a surge of retail momentum, it will happen after that type of price movement continues for a while (maybe days, maybe longer), until sufficient liquid float has been locked up. + +Right now options action is heavily weighted to puts, so any market maker hedging activity will put more pressure on price. + +If the squeeze fails to happen there won't be a siren, ringing of a bell, or anything like that. It might happen gradually and non-obviously until suddenly, as only the market seems to be able to do, it becomes obvious that whoever's still there has been left holding the bag. Hopefully this isn't the case, but if it is I'll be right there with what at that point may only buy me a razor scooter rather than a car lol. + +If it succeeds, it should be fairly obvious. Just don't forget to ring the register! + +Either way, this is market history in the making. As I said in a previous comment, when you ride the rocket, it's definitely not going to be smooth--but it might just be awesome. + +Apologies for the lengthy post again. Good luck in the market! +#I"M A FUCKING RETARD (SORRY NEXT INVESTORS) + +[LINK TO UPDATED POST IS HERE](https://old.reddit.com/user/Mutated_Cunt/comments/moqm5e/the_next_pump_a_comprehensive_analysis_of_the/) + +Okay, I was building the spreadsheet tracking the performance of Next Investor stocks using Google Finance to track the total return, and I've just realized I made a fucking critical mistake. + +In short, its the classic programming error of missing your list index by 1, this meant that my Total Return calculation was actually the end of day return. This means that every single number you see with a percent sign in a table in my original post is fucking mis-indexed by 1, that's why the 5 minute return is so low, that's actually showing the price of the stock before the pump. Fuck me. + +I've double triple checked everything else, which I'm willing to stand by still. All the red circle plots are legit, but if I was smart enough to look closely at my total returns plots, I'd realize what a dumb cunt I am. + +&#x200B; + +This re-analysis has shown that buying Next Investors stocks, even 1 hour after the email has been sent, would have netted you \~20% return. All Hail Next Investors. + +&#x200B; + +For a live tracking of the performance of their email recommended stocks, check [this spreadsheet here](https://docs.google.com/spreadsheets/d/1hsy0Q2f60x3w4EUShxi7a2b6iyr_rWAeEpCB7hJPCP8/edit#gid=1191708562) +Hello reddit, + +**First let me preface with this**: + +I know there is a plethora of "Milestones" and "I just made my first $1 in dividends" posts. However, at the same time, those can be motivating. I don't usually talk about my personal finances because well.....they're personal. Plus, I'm a humble dude and don't ever want someone to compare themselves based on others self worth. + +**Nitty Gritty for those that don't want to read any further**: + +Portfolio size: $296,570 + +Projected Dividends/Year (always subject to change): $10,001\* (a portion is in my ROTH) + +Yield: 3.37% if my math is correct + +Currently: Investing $2,015 minimum/month automatically, more as I can.**\*\*\*\*** *(Definitely not the amount I have invested each month since day one!!)* + +This is not my net worth. That is a bit more than I want to talk about really and want to limit it to my investment portfolio, especially since this is r/dividend not whatever sub that people brag about themselves in. + +&#x200B; + +**Details:** + +I have been investing since I was 23. I am currently 36. I am in the military (enlisted, not fancy O type), my wife is a teacher. Let me tell you, it hasn't always been green numbers in the positions and I didn't really come into a solid financial plan until, well, fairly recently. No one taught me this stuff, they don't teach it in schools. Most of us have to fumble our way through on our own. I started off with mutual funds and didn't know much of anything. Then got into single stocks and tried my hand at being smarter than the market and buying and selling quickly. It was dumb. One of dozens of examples involved owning $3,000 worth of Amazon and sold it for a couple hundred bucks at $119/share price (if you do the math, that was a **$96,000 mistake**). I did the same thing with Google, Netflix, you name it. + +I began reading quite a few more financial books and started working on my strategy. I came across Little Book of Big Dividends by Charles Carson and Automatic Millionaire by David Bach and it really inspired my strategy. I quickly set up automatic bank transfers and opened a direct stock purchase plan with Duke Energy ($DUK). I focused mainly on growth and stable companies then, not necessarily just looking for dividends. + +I made a few great plays and as any normal human, a few blunders along the way. Most recently, I bought $GE in my ROTH at what I thought was a great price point of $14.50 or something. My mindset was like many, "Huge company, been around for ages, dividend aristocrat, this is a great price and will certainly bounce back in no time" -- WRONG. Had to DCA over several years to bring the cost basis down and miss out on having that money in better spots in the biggest bull market year I have been a part of. Fortunately, after a few years, I'm back in the green and will probably finally let go. + +Over the past couple years, I have shifted to much more dividend focused investing. Some of my largest holdings are, but not all inclusive: + +Single companies: + +$ABT ; $ABBV ; $COP ; $DUK ; $AAPL ; $MA ; $T ; $O ; $VZ ; $MO ; $BTI ; $GE (YUCK) ; and a few more, but whatever. + +ETF's: + +$DIV ; $PGX ; $SCHD ; $PFF + +I continue to look for value and not end up buying turds that take forever to get out of, but most months, I add to $DIV, $SCHD, and $PGX, as well as any opportunities that may arise. + +**In conclusion (if you were bored enough to read this far):** + +I am nothing special. This is not some major extraordinary "achievement". There are much smarter and more successful people out there. I am simply posting this for those that feel overwhelmed and might believe they will never see any results. I never really set any "milestones" or anything, but when I added up passing $10K, it seemed pretty cool. If I play my cards right for the next few years, I will retire and get a pension, then a further down the road have access to my ROTH and TSP. My plan is to have my dividends augment my pension and then find a job that I ENJOY doing, not a job that I have to do to survive, ya know? There's something really appealing to that idea and I'm sure other military folk can certainly relate with that sentiment. + +Anyways, it's a long road, I'm still on it, but at least I'm not alone, neither are you. +Recently I purchased Ben Graham’s book the Intelligent Investor as a way to advance my knowledge in value longterm investing and not get swept up in the speculative wave we are in right now. +After reading the first 8 chapters I realised how outdated the books strategies graham teaches are, and after hearing a podcast where Morgan Housel (author of Physiology of money) where he said even Ben had said before his death that his strategies no longer worked. +After hearing all this I lost all motivation of reading the book, but now I couple weeks later I’ve decided to sift through the information and find everything that still applies to investing today. +What are peoples most valued chapters to read? +And what principle’s should I take from the book and from graham? +What principles and techniques have successful investors applied that has given them success? +In essence, don't be greedy but don't arbitrarily make investment decisions based on Old Mcdonald Had a Farm. + +If all your research and due dilligence tells you a company will see 1200% growth over the next few years, trust the data. Don't say "Well, I really think this company is gonna go to the moon, but I already made 20%, I don't wanna be greedy." Making an arbitrary decision to sell and ignore your data is always a bad idea. + +If this is all your life savings, take your 20% sure, there are always unforeseen risks. But if this is money you can afford to lose, and you've truly put in the work on your DD, don't second guess yourself out of fear. + +Don't be a pig but don't be Ronald Wayne. + +Edit/Correction: Wayne made an additional $1500 from selling his Apple stake, totalling $2300. +I'm slowly but surely crawling my way out of that lovely college student debt I incurred over four years and gaining financial independence. I've found out how insanely important meal prepping can be. + +Every Sunday, for about 2 hours, I cook and cook and cook. I make sure I make enough for my fiancé and I to have lunches for the entire week. That's all it takes, two hours! And like $40 in groceries. When I was really struggling for money, I would still find myself going out to lunch every single day and spending $10-$15 a meal. That's $50-$75 a week! Now I cook for two people for less than that. + +Just a little advice and personal success here - meal prep your heart out and your wallet will thank you. + +Edit: wow! Did not know how popular this would get. I can't keep up with replying to posts so I'll address two common comments here. + +1 - a lot of people keep bringing up the point that the "cost" of my time is not worth the meal prep and I beg to differ. These two hours I use are two hours that I would just be playing Overwatch or something like that. And the money I'm saving can work for me in paying off debts and investing, so personally it's my best option. I realize this doesn't work for everyone. I also can't take the easy way out with $5 boxes at Taco Bell or something similar as my body doesn't tolerate gluten which cuts out most fast food options. + +2 - every week I go to Aldi and stock up on brown rice, black beans, corn, ground turkey or tofu, a bag of chicken and some veggies. Most common meal prepped is burrito bowls. Which is 1 pound of ground turkey, 2 cans of beans, 1 can corn, 1 jar of salsa, and brown rice mixed with cumin, chili powder, garlic powder and coriander. Makes 12 cups of food at 1,220 calories total. I divide this up into six 2 cup containers. Then usually make chicken with veggies or gluten free pasta for the remaining two days of meals for us. Utilizing four burners, a stove, and a microwave all at once produces a surprising amount of food very quickly. I store it all in Tupperware for the week and it stays well. Some people recommend prepping and freezing as well. Are there some days where I dread eating the same meal and eat out? Heck yes, but it's not every day like it used to be. And my wallet and waistline has rewarded me greatly for that. +Welcome to the **/r/EthTrader** Daily Discussion thread. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here. 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 +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +**[EXPERIMENTAL]** - To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +To clear up things, I'm talking especially about macro economists, and I'm not aware of every single president and their curriculum vitae so excuse me if I'm wrong. + +I know that some economists were really involved in the political field, but non of them were presidents ? + +My first thought was that some schools of economics don't believe in the control of the state and thus don't want to participate in it (Austrian school and Chicago school of thought, though the last one doesn't totally reject it believe). But then there are other schools that believe in the control of the market by the government (Mainly Keynesian economics). + +Usually what I see is that the majority of presidents or +people involved in politics come from law schools and business schools and maybe engineering for some, but I can't seem to find anyone who studied economics and done some research then became a president. + +Do economists simply not care about leading the country as presidents and are more interested in other positions such as working central banks or counseling ? +Recently I was in contact with several headhunters via LinkedIn. I could not spend time energy doing all the calls and interviews, so I asked (nicely) the headhunters about the salary range and benefits. Some never got back to me. Some asked me about my current salary and my expectation. + +I simply said no, my current salary is irrelevant. + +This is something that was commonly advised, but I don't think everyone understand how important it is. + +In most of the cases, the company already has a budget for the new position, and also in most of the cases, they want to pay as little as possible ( unless you are crazily good and they are really desperate to get you). If they can pay you less and still make you happy (because it's already 30% higher than your current salary), why would they pay you more (even if they totally can)? ( Such employers exist, but they are not the majority). Same goes as expected salary. + +You are worth what you bring to your new employer. You might be heavily underpaid with your current employer, but that has nothing to do with the negotiations. + +For me, it is always salary and benefits upfront. If it is a match then I will proceed further, otherwise, "Thanks, but may be next time". That saves both sides time and effort. They already know a fair amount of my information from my LinkedIn profile, therefore, what to expect from me, why can't I know what I can expect from them. + +In the end I got back a few ranges, which I politely said I will not proceed further, and only continued with 2 headhunters that provide a number I am comfortable with (even though it contains the infamous phrase"up to", at least I know what I can expect). + +Am waiting for an offer, but that is a different story. (EDIT: by "waiting", I meant I got words from a potential employer that they are working on an offer tailored specific for me (I let them know what I demand and they basically agreed on the terms, but the details need to be worked on. I am not just waiting for any offer) +Ive been in the marketing realm (SEO) for 8 years now. In January, I lost my job. +I qualified for unemployment and went from making $4100/month to ‘making’ $1700 month on unemployment. + +I have downsized everything I can think of. Canceled ATT ($122/month) for Mint Mobile ($20 for 3 months promo, then switches to like $30/month.) +Switched car insurance from Geico to Root ($97/month to $61/month for the same coverage) + +I can’t pull my daughter from daycare ($650/month, I pay half) because they also take her to and from kindergarten, and while I’m employed it’s impossible for me to leave and take her/pick her up (kindergarten is only 3 hours and I work a 9-5. This day care is incredible and also way less than most in the area. It’s got a massive wait list and she’s been going there since she was 1.5, she’s now 6.) + +My car needs work (rotor and barring replacement) that I can’t currently afford. And I am taking public transportation even though it’s usually 2+ miles walking minimum because I can’t drive my car. + +My credit is frozen. There were 2 maxed out credit cards in collections ($7k and $4k) way above their limits and my credit went from 655 to 481. I do not have any credit cards but these did have my name on them and an address I used 2-3 years ago. I can’t open any credit cards while this is resolved. I have filed a police report but this just adds one more layer of financial mess. + +I know I interview well. I have had potential employers tell me they’ve never even interviewed someone ‘of my caliber’ for the position they have open, that they will ‘call me Monday for a final interview’ and then ghost. That’s happened three times. I will reach out, and these employers who have been blowing up my phone are suddenly gone. I finally got a hold of one of them and they said my former employer contacted them and said I stormed out, threw things, and took off ‘over 30 days of work, unexcused.’ None is that is even remotely true. My being let go was a shock to me as I’d never even been written up, but the company was going through financial hardship and I was the newest team member who also was salaries unlike my employees. (They combined some teams to save money.) I had taken off a total of 3 days in 9 months, all but one were approved in advance. (Emergency illness which they made me prove my daughter was at the doctor, which I did prove, which was odd to me. I had 10 days of PTO accrued that I never touched.) + +I pay $1100/rent, $450/car (paid off in 9 months) and spend $100/month in groceries. I have a personal loan that is paid off in 4 months that’s $190/month that can’t be set out, I’ve asked. I spend next to nothing outside of that. I’ve sold most of my nice clothes (except for 3 professional interview outfits.) + +What can I do? Should I just remove that employer from my experience altogether? Is there something else I even can cut back on? I made my rent in 2 payments in February and they said it would be a $50 fee (over the phone) but it ended up being $400 late fee! I don’t have any savings. I don’t have any credit cards. In February my boyfriend was kind enough to make my car payment. I’m applying to jobs like crazy but now that I know why I’ve been ghosted.. I just don’t know what to do. I’ve never been unemployed before and It’s really starting to impact me mentally. Ill continue looking for jobs of course and I miss working. But this is just insane. I need to stay afloat and $1700 a month is not livable for me. + + +Note: bf is moving in on April 14 and will pay $450/month in rent. + + +TL;dr: lost job. Income went from $4100 to $1700/month. Cut back on phone bill and car insurance. Cut out all eating out and entertainment. Sold clothes. Looking for ways to make ends meet and ideas/insight. I’m just at a loss of what to even do. + + +EDIT: since multiple people are asking and I can’t seem to keep up with comments- no child support/alimony/etc. we split all child related bills 50/50 because we make (made) similar income and have split custody. I will be unemployed temporarily and do not want to take money from him. He is a great dad and has brought over a ton of food for her while I look for a job. Getting child support would be temporary and I really don’t see that as the solution here as it could damage our co-parenting relationship. + +Edit 2: I’m assuming that the *potential employer* called the *previous employer* to verify employment. They told me the previous employer called them, but it makes a lot more sense the other way around. I agree. I wrote this out based on the info I had. + +Also-for those of you calling me mental, borderline, bipolar, etc- my mental health is okay. Sit down. I am stressed. Being home applying for jobs all day can stress you out. I get that my situation is weird. You don’t have to believe me- but move along. My life is chaotic and I don’t feel like defending myself against you anymore. + +Groceries: I only eat veggies. (Yes. I make chicken or turkey for my kid. Vegetarian is my choice, I don’t push it on her but she does love salad.) frozen veggies are CHEAP. I have so much veggies! And I mostly make curries for me, rice and chicken or noodles and chicken for my kid. She loves ramen. And a side of veggies. So yeah. $100-$120/month. Not a typo. +#**Introduction** + +[G'day cunts and welcome back](https://i.imgur.com/mvJIybD.png). Its been awhile since my last comprehensive shitpost, but this is my official follow up to [The Missing Link of Next Investors](https://bit.ly/3eiMDYR), which I'd recommend rereading as a refresher for this one. Ironically, that post was a rather shallow, surface view of the Next Investor/S3 Consortium/StocksDigital entity. This one will be diving a lot deeper. + +One of the key points of my last post was that Next Investors are terribly non-transparent about who they are, how their business operates, and the exact nature of the relationships they have with companies. With this post, I want to provide a "DD" of sorts on Next Investors themselves. To my best ability, this will include the following: + +* A comprehensive history of the company. +* An extremely good estimate of the prices Next Investors charge for their articles. +* My findings and conclusions on "Predicting the Pump" +* Lessons we can learn from Next Investors. + +Fair warning, this is gonna be a long one. + + +#**[Disclaimer](https://i.imgur.com/sIllNTt.png)** + + +#**The Structure of Next Investors** + +As hinted before, we're going deep down the rabbit hole with this post. For those of you too lazy to re-read my first post, here is a [basic diagram](https://imgur.com/0H3EdOh) created by /u/jukesofhazard breaking down the structure of S3 Consortium. [LeMessurier Securities Pty Ltd is the sugar daddy](https://imgur.com/AAogaV4) that gives Next Investors the Australian Financial Services License (AFSL) to "promote" as they please. They do this by sending emails through three platforms, Next Investors, Catalyst Hunters, and Wise-Owl. Finfeed is an additional website where articles are written for companies without accompanying emails. + +On our first stop of deep diving, we're going to take a hard look at who owns S3 Consortium, i.e. who controls how much of the entity that holds the shares. Courtesy of the lazy fucks running ASIC, there are two Businesses/Organizations registered for [S3 Consortium](https://i.ibb.co/BZThf2N/S3-consort.png). Actually viewing the current company information costs [nine dollarydoos](https://www.youtube.com/watch?v=-w3iPFl-cfI), but I guess ASIC gotta find money somehow since our government won't fund them properly. Shout out to the legend /u/Yaals for showing and purchasing this for me. I won't post them in full here because they contain a bunch of useless crap (also some personal information I'm not sharing with you spergs). + +[Here is my edited version of this document](https://imgur.com/kPxwAPy). Only three people hold shares: + +* **Damian Hajda** with the lions share at **6000/9000 = 66.67%**. From my understanding, he is the main brains of the three founders that analyzed stocks and wrote articles. +* **Jason Price** with the second biggest slice of **2300/9000 = 25.56%**. I believe this man is our [YouTube sensation](https://www.youtube.com/watch?v=vwXt_S11deU) and originally involved with the marketing/software side of the business. +* **Christopher Whitehead** with a tiny slice of **700/9000 = 7.78%**. I have no idea what he does, probably owned the basement the company started out of tbh. + +Interesting, all three men are born in the same year (1982) in Perth. Not surprising a company dedicated to spruiking speccy miners sprung out of fucking Perth. + +#**An Unofficial History of StocksDigital** + +With the power of the Wayback Machine and other bits of information scattered across the internet I have done my best to reconstruct a timeline of StocksDigital. This includes the founding and development of Next Investors as an entity, from its blog origins in 2011 to the present day. I am somewhat limited by the number of times pages have been saved as an archive, so the exact dates/months when developments occur may be slightly off, but I believe this to be mostly accurate. More than happy for Next Investors to correct the record on any mistakes I have made. + +Next Investors/StocksDigital as an entity emerged following the success of founder Damian Hajda's personal investment blog "The Next Oil Rush" sometime in 2011. The ["NextOilRush" twitter account](https://twitter.com/nextoilrush) was created in Aug 2011, and the earliest WebArchive of the [NextOilRush blog is dated Jan 2012](https://bit.ly/3ku4YGn) + +[The investment philosophy presented is simple](https://imgur.com/quODRSS) + +* Predict the rush +* Get in Early +* Get Free Carried +* Ride and repeat + + +One of the major winners of this blog was identifying the potential for [Oil exploration in East Africa, (archive)](https://bit.ly/3hDPwFD), following more than half a decade of analysis of the sector according to Damo. The Canadian listed company African Oil (TSE:AOI), which obtained a project located in "Puntland" Somalia (not a meme, name dates back to the Ancient Egyptians foretelling of tendies), was his "[Tip of the Decade](https://bit.ly/36Adk6P)". Within a year, this spiked from ~$1.5 CAD in late 2011 to over $10 CAD late 2012, an impressive return. Its actually quite insightful digging through his [old blog posts on the archive](https://bit.ly/3xJyR9e) to understand the reasoning behind the picks. This is an area where he knows his stuff. + +Along with this success, these articles charged a small fee for access to his picks. If you're good at something, don't do it for free (something I have yet to learn lmao). Eventually, this germinated into the creation of StocksDigital, a network for promoting microcap companies. + +The first new entity to emerge was "The Next Mining Boom", with its [twitter account created in Feb 2013](https://twitter.com/nextminingboom). Its not hard to apply the same logic for finding the best "black liquid in the ground" companies to finding shiny rock companies. On the [Next Mining webpage (archive)](https://bit.ly/3hC53FW), we get our first mention of S3 Consortium and an [AFSL provided by Avestra Capital](https://imgur.com/9oPeQX9). They didn't always have the same sugar daddy, they used to be with someone who would in 2015/16 become known for [their epic collapse after improper related party deals and fucking up around $18.5 million of investor funds, as well as investments linked to the 1MDB Malaysian sovereign wealth fund scandal.](https://cnb.cx/3wGOWLA). Sponsoring a small cap promoter is nothing to them. + +Finally, in Nov 2013 the magic starts happening. Websites for the [Next Tech Stock (archive)](https://bit.ly/3hAzkoD) , Next BioTech, and Next Small cap spring up along with a "parent" website for [StocksDigital (archive)](https://bit.ly/3wGBF5H) containing no real information except a now defunct mobile phone number (I already tried ringing it lol). This is the birth of their promotion factory, where they begin writing articles for companies that pay them in shares/cash. I tried documenting the companies they were involved with, but its fucking impossible because ~90% of them are since delisted (lol). Feel free to follow the archive links and have a rummage around if you're curious though . All their article websites are grouped under a parent [NextInvestors webpage (archive)](https://bit.ly/3hDoWwd), which is a structure that remains today. + +Alongside the articles, they begin [shilling an E-Book for $27](https://bit.ly/3i1g16U) on how to invest in junior resource companies based on their investment philosophy. [The way they sell this is hilarious.](https://imgur.com/cXzqxGO). It looks like "Pump and Dumps 101, a guide to small cap investing from the ASX Microcap masters who pioneered it." + + +**2014, A Proto-Mutated_Cunt, First Website update** + +In May 2014, [a blog run by my spiritual ancestor "Dr Benway"](https://bit.ly/3dGIA8t) notices something fishy with a microcap company ASX:ANQ (which is now delisted, many such cases) claiming to have solved the "$400 billion waste crisis". The blog describes the company as "an eternally loss-making trash management company with ties to other elements of the Australian financial underworld." Now [some might consider that an offensive stereotype](https://bit.ly/2UOIa98) but one thing we can easily confirm is that this trash waste management company is a complete failure which is now [delisted](https://bit.ly/3iapg4R). + +In one day in late March 2014, we get an [enormous price spike](https://imgur.com/Gdd0PHA). They even get a [speeding ticket from the ASX](https://bit.ly/3rcC9zj), where they note "[A positive article about AnaeCo has been published today by StocksDigital](https://i.imgur.com/B15Y8sh.png)". This is something we are all too familiar with now, but it was brand new then. + +One of Next Investors key selling points is that because they are a licensed operator authorised under an AFSL, which makes them the "responsible promoters". Quote "[StocksDigital prides itself on being the pioneer in this space, operating with the highest levels of integrity and compliance and is authorized under an Australian Financial Services License. (archive)](https://bit.ly/3kgamwD)". Here's my favorite section of this page, cautioning against the dangers of [using "overly emotive" articles to "trick" people into buying stock.](https://imgur.com/XGu2TFN) + +With this lesson in "responsible stock promotion", let's contrast this with the article Next Investors wrote on March 2014 for the ~$20m micro-cap ANQ my predecessor has shat on. Bear in mind this is [a shitco that has fallen ~97% from its ATH since 2009](https://i.imgur.com/rDXu4fi.jpg). + +**[Global Waste Crisis Solved? ASX Company Invents Astonishing Technology](https://bit.ly/2UcaMt3).** + +I mean, I won't force you to read the entirety of that blue sky nonsense to get my point here. [Just take a look at the first few lines of manipulative crap they wrote.](https://i.imgur.com/IPSZNgg.png) They seriously want you to believe this dogshit company has a miracle solution to a $400b problem. On May 12th, two months after the article, the company spits out an [Appendix 3B declaring the payment of $14,500](https://bit.ly/36CdomL) to an unspecified entity in shares for "services rendered". Now Next Investors are not explicitly named, but if the shoe fits, I think they should wear it. This price is in the ballpark for the "going rate" of these articles which, spoiler alert, will be very easy for me to prove later in this post. + + +**In October 2014, we get the [first major website update to StocksDigital (archive)](https://bit.ly/36zdwU1)**. + +Finally, we can begin to get some proper insights as to how they sell themselves to companies. [Based on the description they provide](https://i.imgur.com/Pbx1NF8.png), it is more than fair to classify them as an investor relations firm. As key benefits of their service, they allow companies to "**tell important stories about your company**", "**Give your company a voice**", "**Give you more control over your message**". With the rise of the internet, StocksDigital have become one of the early parties that filled the vacuum of digital content distribution for microcaps on the ASX. At this stage, I no longer see StocksDigital as a separate entity when it comes to promoting companies, they are hired to spread the company's message. In the case of a Clifford like ANQ, they smear the dogshit far and wide (shout out /u/BigJimBeef). + +We can see this further espoused in the [positions that they hire for at Feb 2015 (archive)](https://bit.ly/3efF6Kh). There are no analyst positions, the three titles are "[Content Producer](https://i.imgur.com/gyNiol5.png)", "[Junior Growth Hacker](https://i.imgur.com/28n4qD2.png)", and "[Writer](https://i.imgur.com/nomN8lU.png)". Clearly there is a selection bias for those devoid of critical thinking and capable of generating the largest numbers of clicks. + + +**May 2016, [Major website update for StocksDigital. (archive)](https://bit.ly/3xJFrfQ)** + +In this iteration of the main website, we get a solid breakdown of all the services they offer in their "company packages". Highlighted below are my favorite ones: + +* [Research Coverage (archive)](https://bit.ly/3wIwoKS) + + + * [Buy an article that "recommends the stock".](https://i.imgur.com/FwXm6Ik.png) + + * [Close collaboration with your company to produce articles](https://i.imgur.com/ghJsmTe.png) + +* [Investor News Service (archive)](https://bit.ly/3yWQzpQ) + + * Again we get the ["retain control of your company message"](https://imgur.com/mhAcK9X) treatment, alongside a "**content will coincide with key news flow**", i.e. at the same time as the price sensitive announcement. + + * Finally a confession, [How often is the content generated?](https://i.imgur.com/sVDbC3A.png) + * As of 2016, they came out once a month or every time a market sensitive announcement is released. + + +* [Marketing Burst (archive)](https://bit.ly/3eeuaMM) + + * One week campaign promoting a specific [near term catalyst](https://i.imgur.com/9fKd3Lz.png). + + * AKA [the sugar hit](https://bit.ly/3hCs5fU), something that AFR has hammered StocksDigital for in the past blasting them for filling the microcap market with "hot air" in 2018. + + +So what can we infer from this? Although this is posted in 2016, I believe Next Investors has maintained the same two modes of operation, sustained campaigns and targeted pumps. They most certainly time the articles with price sensitive announcements till this day, which I will show once this history lesson concludes. Furthermore, the average of one article a month is another rough guideline they follow still. The exceptions comes from the sugar hits, where we get multiple articles within a short time period. + +**February 2017, [another major StocksDigital website update (archive)](https://bit.ly/2U7SpFM).** + +On the homepage, they provide us with quite the large list of clients, [88 in total.](https://imgur.com/q238mXV) Honestly, there's not much new to point out here other than some spelling errors I found funny, especially after subjecting myself to countless lines repeatedly emphasizing their professionalism. + +* [Buy our marketing bursts for 680% "share price **rices**"](https://i.imgur.com/2DGEuCH.png) + +* [We will "**constistently**" advertise for you](https://imgur.com/OPCi2la) + +If you can spot worse ones in my writeups, I reserve the right to them as being a natural product of a Cuntatative Analysis, not a paid shill. + + +**Feb 2018, the Birth of Next C\*\*\*\*\*.** + +To this day, the Next Investor website covers the same five sectors. However, on the bottom of a [2018 brochure](https://bit.ly/3iesVOR) advertising their services, [something hilarious caught my eye](https://i.imgur.com/sultvTe.png). That's right, in 2018 they tried extending their promotion enterprise into the crypto space. Their "[Next Crypto](https://www.nextcrypto.com/)" website today is still up and running, and you can find proudly displayed four articles. One of them is dedicated to shilling a shitcoin ICO that has since sunk 99.99%. The other two are puffy promotions of two companies supposedly going to change the world with the power of the blockchain technology. They have both since been delisted. It wasn't even hard for me to dig up giant red flags on these now defunct piles of horse manure. +One of them (IOT Group) had a 26 year old CEO [claiming 12 years of experience in the high tech industry](https://www.littlehedge.com/the-iot-group/), which you can read about more in the linked LittleHedge post. This is a typical tidbit of info that will virtually never be mentioned within a Next Investor article. If it was, they wouldn't be doing their job. Who knows, maybe they thought they found a 14 year old Steve Jobs in his prime years? + +Interestingly, the [Next Crypto twitter account](https://twitter.com/next_crypto) has a different AFSL license provider mentioned, [Maven Capital](https://www.mavencapital.com.au/). Perhaps shilling these crypto soon-to-be failures was too much even for the guys tangled with the multi-billion 1MDB Malaysian sovereign wealth fund scandal. Our good friends over at Avestra Capital providing the AFSL had since rebranded to Longhou Capital in roughly 2016, coinciding with the [banning of two former executives of Avestra Asset Management from the financial industry for 10 years](https://bit.ly/2VwW8Nk). Even still, this is the only mention of Maven Capital I have been able to find linked to Next Investors, sometime in 2018 they switched again to LeMessurier Securities , who remain their sponsor today. + + +**Mid-Late 2018, The Surge of Catalyst Hunter, and another [major Website update (archive)](https://bit.ly/3AXBhmG)** + +At the end of 2018, we get another major update to the StocksDigital website, and what I believe to be the most honest, transparent description of their service on their homepage. + +**[Over 5 years experience delivering high impact digital marketing campaigns.](https://i.imgur.com/RwnhlQt.png)**. "Hundreds of clients each year enjoy the services of our dedicated journalists and digital marketing specialists who craft your campaigns for the biggest impact and exposure to your target audience." + +If this description existed on their website today, I don't think there'd be too much of a problem. Something I definitely find problematic is the way they describe [Catalyst Hunter, (Archive)](https://bit.ly/3B3QItt) in this archived link. [The earliest archive link of Catalyst Hunter dates back to 2014 (archive)](https://bit.ly/2TaD5rx), with a [tagline suggesting that their articles indicate large price movements within days](https://i.imgur.com/ewkc80K.png). 2018 was the first year this website was linked on the main StocksDigital website. Have a look at the way they describe it. + +[Is your company on the brink of a game changing news announcement, and ready to tell the world about it?](https://i.imgur.com/3cF0beK.png) + +From my understanding, this is a service that scouts companies ready to release currently non-public information in an explosive manner. If the payment for providing the coverage was in cash, I'd have nothing to get worked up about. However, since Next Investors will only accept their payments in shares of the company, I believe we have a problem here. Honestly, the way they've sold themselves here in my opinion should've at least opened some eyelids on the lazy cunts at ASIC. Also, within the space of two years, that tagline has changed to ["We invest in early stage ASX companies, which we believe will experience near term price catalysts.](https://i.imgur.com/4DW4KYJ.png) On this sub, belief in investments comes from an unholy amalgamation of cum rituals, half-skimming of DD written by a frenchman, and the number rocket emojis. In the case of Next Investors, this belief is inspired from being the outsourced investor relations department repackaging words directly from the CEO's mouth. + +Also within this update, we get the [first mention of Amplicat (archive)](https://bit.ly/3xEKpKW), which I chimped out about extensively in my last post. Amplicat is the digital platform that companies use to organize and pay for marketing campaigns, and provides the company's with on [demand reports of how effective the campaigns have been performing](https://i.imgur.com/0TIgcLy.png). This is the true product that Next Investors are selling. + +**Feb 2021, Major StocksDigital Website update** + +With this update [StocksDigital appears in its current form. (archive)](https://bit.ly/36wERq1) There are no indications that it is an investor relations firm for micro cap companies on the ASX. Being the digital marketing experts, they have realized it is a more profitable strategy to market themselves as "investors to invest alongside" rather than a digital advertising agency. Because their platform has become so successful, they no longer need to advertise their services, companies are practically begging to be signed up and added to the magic portfolio list. + +Thus concludes my history lesson in Next Investors brought to you by the power of the wayback machine. Now it would be foolish to believe that their business operates in the exact same way since foundation. It would be equally foolish that no aspects of their past remain within the company today, considering that the founders are still involved in the day to day operations. If you believe what they write on the Next Investors home page today, their business model is the following. + +>What is our business model: We only make money when our portfolio increases in value. We don’t charge subscription fees or management fees - everything here is free. + +Now its time to challenge this. + + +#**The Present Day Business Model of Next Investors, a Cunt's Guide** + +This middle section of the post presents my findings of how Amplicat works, and the prices they charge for articles. The information presented here is the result of my autistic scraping of the internet for anything mentioning "StocksDigital", "Next Investors", as well as hunting down public domain links on their webpages for clues. + + Currently, Next Investors will find a company they like and sign a contract lasting 12 or 18 months. The going rate is 200-250k for 12 months, and $375k for 18 months. When the company specifically requests an article, typically coinciding with a price sensitive announcement, [Next Investors will write the article repackaging the information in a more "digestible fashion"](https://i.imgur.com/eQ0WvRF.jpg). Importantly, the emails they push triggers algorithms purchasing the stock, spiking the price and providing liquidity. I wholeheartedly believe Next Investors have nothing to do with these algo traders, they already make enough money. Still, the immediate pumping is a side effect they are more than happy to work with, and was the trigger for me to spiral down this rabbit whole in the first place. + +So what do companies see when they sign up for Amplicat? The first stop on my scraping journey was the Content Display Networks (CDN) pages for their websites. Essentially, these pages are a depository storing all links to all files that have been used in the past on the website. Critically, they give a window to information that has since been removed that is inaccessible via the Wayback machine. We know Next Investors did not use to be as shy about their operations in the past. First stop is the CDN for [NextInvestors.com](https://cdn.nextinvestors.com/) +. There's a lot to process in here, but I've selected the important bits. + +First stop, we have a [sample campaign report generated for the company Regeneus](https://bit.ly/3xR3LMM), a fledgling Biotech. We see they have [purchased an advertising campaign with a budget of $25k.](https://i.imgur.com/N5nFCT5.png) This campaign occurs between Nov-19 and Apr-20. [We also see that this campaign consists of five articles total](https://i.imgur.com/BvwQSsI.png), four basic Finfeed articles and one "special" Next Investor article that comes with an email pump. With some basic high school algebra we have the following. + +* $25k campaign, 4 Finfeed, 1 Next Investor + +* $8k remaining in budget with 2 finfeed left => Finfeed article costs $4k. + +* $25k - 4*4000 = Next Investor article + email costs $9k + +**Therefore as of early 2020, the going rate is $4000 per Finfeed article, and $9000 per Next Investor email/article combo.** + +Now, if you knew how much a company had paid Next Investors, and the price of each article, by simply totaling the number of articles written you'd have a clever idea of how many emails are left in the "pump tank" for a company. More on that later. + + +Now my next stop in my investigation was digging around the "hidden pages" available on the Amplicat website. Because us plebian investors have questions, [here is a link to the FAQ](https://platform.amplicat.com/faq/) about the Amplicat platform. I believe this is meant as a resource for the companies who are using Amplicat, as it is not available as a link on their main website. + +Digging further, I found a link to a "[sample live dashboard](https://bit.ly/3wBNB8D)" for Regeneus. There isn't too much to see here, but you get a feel for how the companies get to view their advertising campaigns. There are no "active campaigns", but you can look at the results of completed ones. + +In the top right corner of this page, they've left open a [survey monkey link](https://www.surveymonkey.com/r/RGXJBM6) asking the companies they work with what features they want added. Fucking lol. Most of it is blank boxes for people to write in, but I'd like to bring your attention to the section where they ask companies to "**Rank the usefulness of the following PROPOSED Amplicat features**". So they're covering their bases a little here with that capital "PROPOSED", but lets have a sneaky little look at what features they're developing. + +[Increased advertising on share price rises. **We increase digital advertising when your share price increases to capture and drive upward momentum**](https://i.imgur.com/KDDmYof.png) + +Case dismissed your Honour. This is a "PROPOSED" feature, but remains the closest thing we'll get to a "mea culpa" as to what they function as. Throughout their history, Next Investors have walked a careful line between Investor Relations activities and questionable promotions in the face of the lazy cunts at ASIC. [This is a point where I believe they've crossed it.](https://www.youtube.com/watch?v=61fsW4xxkZE) + + +Finally, I discovered one more magic thing. All the juicy details about Amplicat are essentially inaccessible to a cunt such as yours truly. To get on the inside, you'd need to start a public company. I'm dedicated, but not to that extreme. However, the [API of Amplicat is somewhat open](https://platform.amplicat.com/api/v1/), so lets take a look inside. Most of the links here are inaccessible, with the exception of one, [https://platform.amplicat.com/api/v1/company-dashboard/packages/](https://bit.ly/3khPHIx) +. What do we have here inside the "packages list? Its just **a list of the prices a company pays for every single type of article that Next Investors offers to write**. I believe that old Regeneus campaign pricing is outdated, and this is a real time list of the prices of their services. + +Its a lot to take in, and not formatted in a friendly manner for a snooping cunt, but with some outside help from the legend /u/Darebottle we've cleaned it up into a [pastebin listing only the type of article/Publication, sorted by price.] (https://pastebin.com/9uAR9hv0) This is a essentially a list of the price it for Next Investors to write an article in a third party publication, or sponsored content. The combined fee is a sum of the fee Next Investors charge to produce the content, and what the publication charges to distribute it. Some highlights are: + +* **$29785.71** to produce an article for **Reuters** + +* **$15714.0** to have sponsored content produced on **Australian Financial Review** + +* Our old mate Murdoch (may his bones be crushed) is charging a flat rate of $14642.86 to have sponsored content appear in one of his publications, being the Daily Telegraph, News.com.au, The Advertiser, The Australian, or the Herald Sun. + +* The Guardian and Business Insider have a fee of **$12142.86** for a sponsored article + +* Street Signals, Micro Small Cap, and Pot Stocks News all share the crown of the most expensive publication, being **$36785.71 per article**. I wouldn't be surprised if Next Investors jacked up the price of Pot Stocks News purely to milk more money out of CPH (though they haven't fallen for the bait, no CPH articles are on that website yet). + +But those are just the third party sites, what are Next Investors charging for content production and distribution throughout their own network? It appears that there are four different classes of article/email combos that you can purchase presently for Next Investors. There is a $25k package, a $15k package, a $10k package, and a $7.5k package. I have screencapped the details they have provided below: + +* [NEXT-INVESTORS-MS-4 ($7500 Price)](https://i.imgur.com/RRlghtl.png) + +* [NEXT-INVESTORS-MS-3 ($10000 Price)](https://i.imgur.com/iHkkjfq.png) + +* [NEXT-INVESTORS-MS-2 ($15000 Price)](https://i.imgur.com/LAr5Clp.png) + +* [NEXT-INVESTORS ($25000 Price)](https://i.imgur.com/OVG3nB7.png) + +I am unsure of the exact details of the pricing structure, but I believe that each "tier" corresponds to the quality of the article, the more you pay, the lengthier and more in detail the article/email combo will be. At a premium $25k price, the "Content Production & Publishing" cost makes up $10k, and the "Next Investor Email" makes up $15k. + +Also I cannot confirm how much extra it costs to [have your article tweeted at Elon Musk.](https://i.imgur.com/7gXULKn.png) + +Now this is about as far as I can go in deconstructing their model. What we have now is some rather amusing consequences. + +* [This article here for EXR](https://bit.ly/3rc8HJQ) does nothing but talk about /u/zemadfrenchman 's excellent [independent write-up of EXR](https://bit.ly/2UIZsVs). I believe this means the company itself is aware of the DD, and specifically gave the go ahead to spend ~$10k on an article promoting it. I believe Next Investors owes our French friend a paycheck. + +* Sometimes companies demand an article to accompany a fluff announcement, and Next Investors have to write something. For example when BPM decided their [fluff piece about having boots on the ground](https://i.imgur.com/M9leNwM.png) was price sensitive, [they also demanded Next Investors write about it](https://bit.ly/3ko6Fom). + +* Sometimes a company tries pumping so hard that even Next Investors gets fed up with them. CPH is the poster child of this. [By Next Investors own admission in this article](https://bit.ly/3ibmPPc), "We certainly know that CPH is not shy of promoting itself - they ask us to write to you about EVERY single announcement they release, no matter how random - all the way from their hemp based feedstock to stop pig herds biting each others tails in eastern Europe to the launch of its range of CBD teas for immunity, sleep and well being." That's a fucking understatement. I believe CPH promotes hard itself to justify further capital raises that charge fees into the director's company that performs them. Honestly, there's enough of a stink around CPH that I may be writing a post on them in the future. I believe this is one of the reasons that Next Investors are reluctant to add CPH to the main portfolio page, even though I believe they have given the most in shares to Next Investors. + +#**Playing the Pumps** + +In this section, I'm summing up some of my findings investigating the Next Investor email pumps. + +**Is it possible to predict the pump?** + +As mentioned before, if we know how much a company has paid in shares, and how many articles Next Investors has written for the company, we should have some idea of how many they have left to write. I initially gave this a crack [building a pretty spreadsheet](https://i.imgur.com/5Q6EvAY.png) which was last updated May 1st. I gave up when I realized how impossible it was to track down all the third party articles that may have been written. + +Instead I had more success with a simpler approach. We know that the pump emails are timed with market sensitive announcements. What I did was record the date of every price sensitive announcement by companies that had also been mentioned in a targeted email between from Jan-21 to Apr-21. I then recorded the date of every NI email that was sent, and looked at the coincidence rate for an email to occur within T+2 of announcement, because that's the sacred Tomsexx number allowing us to leverage to the tits. The raw data is in [this spreadsheet here](https://bit.ly/2UMz9O8), no guarantees I copied it perfectly, I am a human cunt. Finally, I sorted these emails into two categories, emails sent more than 20 days after the last email, and ones sent less than. The basic idea here is that because the emails are roughly once a month, if more time has passed, I suspected that it would be more likely that an email is sent. + +[These are my results.](https://bit.ly/2TbQ5gw) Below are the important numbers if you're too fucken lazy to click my spreadsheet. + +* Across the 58 price sensitive market announcements that were sent, 27 of them were accompanied by a Next Investor email, giving us **base a chance of 46.5%**. + +* If it has been **20 or more days since the last email** and the company releases a price sensitive announcement, this rate increases to a **71% chance (22/31) that a Next Investor email will be sent within T+2 of announcement.** + +* If it has been **less than 20 days since the last email** and the company releases a price sensitive announcement, the coincidence rate **falls to only a 30% chance (8/27) that a Next Investor email will be sent within T+2 of announcement.** + +Based on my previous findings, the average pump is from an email is ~10%. Therefore, I believe this is significant enough for a motivated individual to exploit. Their business model has made them to an extent predictable. + +**How much will it pump by?** + +A further analysis I did of their emails looked at how the "size" of the email pump varied as a function of days since the last email. As my sample set, I took the date of the latest email for a company as of April 15th 2021, and the email before that. I then measured the return if you bought the minute before the pump and sold in three cases, Perfect sell at the peak (Green), sell 15m after the email (Red), and the current return today (Blue). + +[Here is my pretty scatter plot](https://i.imgur.com/LGLaNl7.png) + +We can see there is no correlation for Net Return, as expected, why the fuck the total return depend on the time it took them to send two emails out. However, for both the "Pump timing" data, we see they are both positively correlated with the time since last pump (~0.4*d + 4.93% for Perfect, and ~0.2 + 3.23% for 15m). + +Therefore, if the time since the last email is greater, you get both a higher chance that a Next Investor email will be sent accompanying a price sensitive announcement, and a higher pump to scalp. Very Nice. Fair warning, this probably plateaus at some point, and you should check that your degen speccy hasn't used up all their pump credits before you even think of throwing your super at this. + +#**A Cunt's Conclusions** + +* **NI is founded and currently run by experts in the Oil/Gas exploration industry.** + + I have no idea what I'm talking about in this space, but several people on this sub who also know more than me have independently fallen in love with EXR and IVZ, both prominent Next Investor clients. These might just be the best risk/reward gas/oil exploration plays on the ASX. + +* **Be wariest of their "NextTechStock" picks.** + + Since 2018, when the present management returned to the "shares for promotion" model, I took the date of first publication for 26 companies they have covered and looked at the return. + +[Here is the results](https://i.imgur.com/hRfXaOm.png). Spreadsheet link is [here](https://bit.ly/3wGAdAb) + +18/26 companies are deep in the red. The frequency of failures increases as you go back in time, but this is mostly because it takes time for "the jig to be up" in Tech. Considering ASX:AHI, which is presently up 631.25%. As of Jan 2020 its CEO/Chair Vlado Bosanac is fighting the [ATO for ~$10m in unpaid personal income tax](https://bit.ly/3em4CgV) (naturally, he's from fucking Perth). I do not have high hopes for their longevity. + + +* **Be wary of the one-two combo, Marketing Burst into Cap Raise** + + We know the feeling all too well of the dopamine hit from the yellow bell on Tommsex getting crushed by reading the words "capital raise". If you notice the frequency of Next Investor emails increasing to more than once a month, you should be suspicious of an incoming Capital Raise. + +As an example of this, lets look at PRL, Next Investors' "2021 Small Cap Pick of the Year". On 08-Apr-2021, PRL gets its [first article of the month](https://bit.ly/2ThYqzm). The pre-email price was $0.14. On 19-Apr-2021, [the article announcing it's the NI pick of the year drops](https://bit.ly/3emu5H8). The very next day, another email is pushed out which pumps the price of PRL to its ATH at $0.25. [A fourth email is sent on 04-May-2021](https://bit.ly/3ibv3a7). Within the space of a month, four targeted emails were sent from their platform. Exactly two weeks after the last email is sent, on 18-May-2021, PRL enters a trading halt to which they emerge on the 20th with a cap raise, at $0.15 per share. The current price of PRL as of me typing this (15/07/21) is below the Capital Raise price, and exactly at the pre Marketing Burst price, $0.14 . + +**The best time to purchase a Next Investor stock is before the email, the second best time is after the Cap Raise.** + +* **The main purpose of my posts is to get you cunts not to FOMO into buying the Pump** + +The very second an email is sent, Algo traders start buying and push up the price. If you take the average human Next Investor reader, it probably takes 5 mins to notice the email, 5 mins to read the email, and 5 mins to purchase the stock. By all means, if you like what you're reading and understand what's involved, I'm not suggesting to not buy the stock, I believe there are both excellent and trash companies within their portfolio today. It is my unprofessional cuntative opinion that you should wait around a week before purchasing. Don't fall for the FOMO after seeing +10% when you open your trading app, that's an "artificial marketing premium" you can let magically vanish with time. Just sit back and watch the algos fight. + +To further emphasize this point, I've taken the same email sample I used to measure pump size in a scatter plot, but instead measured the return as of 10:30am 16/07/21 if you bought 15 minutes after the email was sent. + +**[Here are the results, -6.01% average return](https://i.imgur.com/KcSUfRX.png), compared to the 6.25% of the IOZ index 🤮 since the first email sampled (08/02/21)** + +Don't be an impatient cunt. Also I have no idea how people are still falling for the scam dream that is 88E, see you next year when the pump fails for the 6th, 7th time?? I've lost count. + +* **Next Investors have made more money (profit) than the entirety of the businesses in their current portfolio combined** + + This follows by the definition of Microcaps. All of the companies in their portfolio burn cash, and are as of yet unprofitable requiring multiple Cap Raises per year to remain afloat. I haven't crunched all the numbers yet, but as of [2018 reported by AFR](https://bit.ly/3wKtRzH), Next Investors were making approximately [$2 million a year](https://i.imgur.com/3Afv6Gb.png). Essentially, this fact is the punchline of an age old Wall Street question, [Where are the Customer's Yachts?](https://amzn.to/3B2HlKG) (my favorite finance book, written in 1940 and even more relevant today.) + +Finally, this post almost serves as a blueprint towards creating your very own Small Cap promotion shop. You need to start in a field where you know your stuff, generate one or two multi-baggers, then expand to the entire small cap industry. Maybe this post could inspire the next StocksDigital to emerge, I doubt little competition between promoters would harm us more than their own margins. + +**Special thanks to the following** + +/u/atayls4 (🌈🐻) , ~~/u/mikemakesit~~ /u/ewanelaborate, berry grateful for your feedback in putting this mess together. + +/u/Darebottle for obliging various coding requests. + +The countless cunts who've dmed me with different leads that made this post possible. + +P.S. I've just graduated uni and am living the life of a jobless bum if you're wondering how I had time to smash this out, if anyone has a job opening for a cunt please let me know. + +**[In Defense of Next Investors, an Appendix](https://bit.ly/3eoJUNg)** +It seems like a lot of people here are FAANG engineers, which is cool, but anyone here making their money doing something unconventional like government ammunition contracts, smuggling diamonds, or owning a laundromat empire? +Congress has passed a $1.2 trillion bipartisan infrastructure bill, delivering on a major pillar of President Joe Biden's domestic agenda after months of internal deliberations and painstaking divisions among Democrats. + +The final vote was 228-206. Thirteen Republicans voted with the majority of Democrats in support of the bill, though six Democrats voted against it. +The bill now heads to the President's desk to be signed into law, following hours of delayes and internal debating among Democrats on Friday, including calls from Biden to persuade skeptical progressive members of the Democratic caucus. +The legislation passed the Senate in August, but was stalled in the House as Democrats tried to negotiate a deal on a separate $1.9 trillion economic package, another key component of Biden's agenda that many Democrats had tied to the fate of the infrastructure bill. +The legislation will deliver $550 billion of new federal investments in America's infrastructure over five years, including money for roads, bridges, mass transit, rail, airports, ports and waterways. The package includes a $65 billion investment in improving the nation's broadband infrastructure, and invests tens of billions of dollars in improving the electric grid and water systems. Another $7.5 billion would go to building a nationwide network of plug-in electric vehicle chargers, according to the bill text. +Biden called House Speaker Nancy Pelosi just before midnight to congratulate her on the passage of the infrastructure bill, a source familiar with the call tells CNN. On the call, Pelosi thanked Biden for his help in getting the bill over the finish line as well. + +[source](https://edition.cnn.com/2021/11/05/politics/house-votes-infrastructure-build-back-better/index.html) +This post is inspired by a similar post that attempted to predict the price for January 1st, 2018: https://www.reddit.com/r/ethtrader/comments/6etpqm/challenge_lets_collectively_predict_the_eth_price/ + +The original post was posted on June 2nd, 2017, when the price of ETH was 275 USD. The price of ETH on December 31st, according to coinmarketcap, opened at 712 USD and on January 1st, the price opened at 755 USD. +The average prediction on the original post was 710 USD. For 7 months in advance, this was an amazingly accurate prediction and it shows the true power of the crowds - predictions, that are much more accurate than any single prediction by a single person could ever be. + +&nbsp; + +So, let's do it again! I have two challenges for you: + +* What do you believe the price of ETH will be in two months (April 11th)? + +* What do you believe the price of ETH will be on January 1st, 2019? + + +**Write your prediction in the comment. Try not to look at other predictions before commenting - that will make predictions more accurate.** If you only write one prediction, I will suppose the prediction is for January 1st. I will recollect all your predictions in a spreadsheet and calculate the average value. + +&nbsp; + +**EDIT:** (February 12th, 19:45 GMT) Thank you everyone for the amazing response! I have published the results of this thread here: https://www.reddit.com/r/ethtrader/comments/7x3det/reddit_has_spoken_the_results_of_collective_price/. I will not be adding other responses to the average (and, based on the number of responses, any additional response would only have a very minor effect on the average predictions). +TL; DR: The music is about to stop and UNO’s the game. This is an unprecedented event and you need to read it if you care about your investments or your opportunity to engage in a free market. + +**What** + +Apex clearinghouse has been confirmed as making a business decision to reverse transfer transactions, initiated by their customers from their brokerages to Computershare on both IRA and Non-IRA accounts. Computershare is the only method of registering stock shares in your name, as opposed to being a beneficiary of a share of stock held in an alternative brokerage. + +*Edit: I was looking for the comment that suggested they were denied transfer of a non-IRA account to provide source. I can no longer locate that comment or it has been deleted. Jury is still out on whether they are reversing non-IRA shares as well.* + +It’s unclear at this time whether this is impacting only GameStop holders or if other transfers are being restricted. Regardless, the inability to request transfer by your brokerage for movement of shares you paid for suggests that these brokerages may be not actually buying shares on your behalf when you make a trade, but instead internalizing that trade and profiting off of your IOU by simply absorbing the costs of buying and selling. + +Previously, there have been reports of transfers to Computershare showing an inconsistent or outrageous cost basis but generally it was considered erroneous record keeping or petty tactics by establishments such as Robinhood. However, the cards are beginning to show that perhaps these were signs of a bigger play that is now showing it’s desperation. + +**Why This Matters** + +I don’t care if you’re an ape or not, this is a threat to the market structure and the freedom we enjoy in a capitalistic market. I am an investor and you’ll see that I do engage in GameStop related subreddits. However, I have been trading for more than 20 years and while I may not know the intricate details of the backend of brokerages, I do know when something is amiss. + +At what point do you suggest that providing an IOU and not having a share available that you paid for is acceptable? How far does your flexibility go to say that I am okay with a corporation telling me they’re buying a share for me and holding it in their name, to instead taking my money for a promise to pay yet engaging in market manipulation tactics such as trade internalization and use of market makers that avoid lit markets when it advantages their bottom line? + +**What Now** + +This is the part where I am supposed to say “go buy GME and buy through Computershare!” But, while I do believe that is important, it’s also important to recognize that the act of reversing share transfers and preventing initiations seems precariously similar to “turning off the buy button”. The question is, if they are giving you an IOU, what happens when the music stops and you own a bag of pieces of paper? + +I am not asking you to buy or even support GME with this post. I am imploring you to recognize that games are being played with your livelihoods and financial lives. Recognize that turning off the buy button and reversing and blocking transfers are signs of things to come that we have never experienced in our lifetimes. I’m worried for you, I’m worried for me. Just please, don’t ignore what you’re seeing on Reddit, don’t be just a bystander. Look into this and if it scares you and seems wrong, reach out to your congressperson(s), consider where you hold your shares and whether you’re getting IOU’s or real shares. Consider propping up authors that aren’t afraid to be heard. + +**What I Think** + +I’m going to say it: I think the end is near. What does it mean? I don’t know. Ultimately we know that there is a decision being made by a clearinghouse to prevent individuals from transferring potentially non-existent shares into their own name. + +The question I have is why do they care? I would suggest based on the above conclusions, that each individual that transfers their shares forces the clearinghouse to pay up and buy a share of what is being transferred (since we think its just an IOU). Further, if you believe the concept that certain stocks 👀 are lended out repeatedly well beyond the actual existing shares based on an IOU, the concept would make sense that each transfer is impacting the clearinghouse many times over. + +What if each share transferred results in the need to locate, say, ten shares that have been rehypothecated through naked shorting? For the clearinghouse to follow in the footsteps of their buy button turneroffer friend Robinhood, they must be pretty concerned about whatever impact it is having. + +Perhaps in dire circumstances, the consequences are simply a part of self-preservation. Ask yourself, what business would make a decision to knowingly obliterate their reputation if it wasn’t for a true dire need? Sometimes, the simplest answer is the correct one. Time will tell. + +Please see the critical reading list below to get started: + +Apex Blocking Transfers: + +https://www.reddit.com/r/Superstonk/comments/s8trpt/ally_and_apex_are_about_to_fuck_every_ape_who_has/ + +Catching up on GME: +https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/ + +What’s Rehypothication: +https://www.reddit.com/r/Superstonk/comments/nl4agt/rehypothecation_si_why_volume_can_spike_from_lows/ + +Susan Trimbath (knows all about naked shorting): +https://mobile.twitter.com/SusanneTrimbath?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor + +GMEDD (Ongoing Updates of The Saga): +https://gmedd.com + +The Compendium (if you want to know it all): +https://fliphtml5.com/bookcase/kosyg +My friends and I are all in our mid 20s to early 30s and we have been increasingly talking about stocks, investments, crypto, etc. I feel like with all the news its a popular thing to talk about right now. (GME squeeze, bitcoin, doge coin, elon musk tweets, etc.) + +The thing is that my friends don't really have real money in there. Maybe like 5k - 20k at most. The reason I say not 'real' is that they don't take it that serious. They treat is more of as half investing half entertainment and they are open about their positions, balance, etc. + +I am reluctant to jump into the convos because I've spent the last 5 years building it up fat and it has ballooned to almost 1 mil. So when they start pulling up their phone and sharing their trades I always pause. + +On one side these are my best friends and I have known them forever. Also I love talking about stocks and finance. On the other side I am scared that it will come off as showing off. I am also worried they might look at me different. + +Is it a bad idea to share your NW with the friends you have known almost your whole life? +I'm not 100% sure how well this fits here (it is financial), but I wanted to warn as many people as possible. + +Last week on Tuesday morning I was sitting at my desk and suddenly started getting emails. Lots, and lots, and lots of them. 30-40 every minute. They were clearly spam. Many of them had russian or chinese words, but random. + +I called one of our IT guys and he confirmed it was just me. And the traffic was putting a strain on our mail server so they disabled my account. By that point I have over 700 emails in my inbox. They were bypassing the spam filter (more on that later). After a different situation that happened a few months ago, I've learned that things like this aren't random. + +So I googled "suddenly getting lots of spam". Turns out, scammers do this to bury legitimate emails from you, most often to hide purchases. I started going through the 700+ emails one by one until I found an email from [Amazon.com](https://Amazon.com) confirming my purchase of 5 PC graphics cards (over $1000). + +I logged into my Amazon account, but didn't see an order. Then I checked - sure enough those cheeky bastards had archived the order too. I immediately changed my password and called Amazon.. + +I still haven't heard from their security team HOW the breach happened (If they got into my amazon account by password, or did a "one time login" through my email.) The spam made it through our spam filter because the way this spam bomb was conducted, they use bots to go out to "legitimate" websites and sign your email up for subscription etc. So then I'd get an email from a random russian travel site, and our filters let it through. + +Either way - we got the order cancelled before it shipped, and my email is back to normal - albeit different passwords. + +And I honestly thought about shipping a box of dog crap to that address (probably a vacant house) but I decided against mailing bio-hazardous waste. + +Either way - if you see something suspicious - investigate! + +Edit: Thanks for all the great input everyone. Just finished putting 2FA on every account that allows it. Hopefully keep this from happening again! +I just read about Biden’s plan to raise the federal minimum wage, and I’m oddly filled with dread at the thought that I might soon be a minimum wage worker again. + +Won’t prices of goods and services rise proportionately? + +I’m not an economist, but I think I understand greed and inequality, which is what the minimum wage hike is meant to curtail.. wouldn’t it be more effective to just tax the rich and redistribute that money- thereby removing the incentive for the rich to raise prices? +Hi here I want to tell you about what I think is the most undervalued stock right now. It can be a huge value play here’s why: + +GROWTH : 37% yoy in revenues, cloud business with now positive Ebita and growing at 50%. + +The company operates in the online-retail market (mainly) in China, which is expected to grow its GDP and surpass the USA in 2028. + +Debt and Moat: Low debt, can pay all its debt with cash, so it can be considered a financial fortress as Buffett uses to say. + +Alibaba has definitely a moat with can be seen from different points of view: + +1) Network effect = The fact that the 53% of online- retail sales is from Alibaba and its platform creates a continuous increase in the number of users. + +2)Barriers to entry= In this market there are only few players becoming a sort of oligopoly. + +3)Economies of scale= Alibaba has shown its ability to scale, and so to increase its revenues without decreasing its profit margins, and it is able to grow and at the same time to reduce the “per-product-cost”. + +4) Substitution costs= Alibaba operates with online- salers which probably have made investments in order to position themselves in the Alibaba platforms, and it could be a huge cost to change platform. + +PRICE: Alibaba trades at 25/26 PE, forward PE of 20. And here nothing else to say. Considered the future growth is very cheap. + +WHY IT IS UNDERVALUED: It is undervalued because market hates uncertainty and I think that the market fears are + +A) Usa-China relationships + +B)CCP, because it is mainly a dictatorship and for example the ccp can do whatever he whats with its companies and population + +—> WHY THE MARKET IS MAKING A HUGE MISTAKE: + +CCP is in continuous competition with USA, and I think that it will never destroy his “diamond tips - companies like BABA or Tencent. + +CCP ,as Charlie Munger said at BRK annual meeting in Los Angeles, has discovered the “formula” that is a form of economic-regulated capitalism. + +For these reasons I think baba is hugely undervalued and as its fair price could be 320/330$ per ADR share. + +P.S. +Sorry for my English, I am Italian😂 +Currency is a form of exchange. A form of trade. I trade my service or goods for that currency. But the reason I trade is because I believe there is value in that currency. And I find value in that currency because it is not easy to come by and I need to work hard for it. + +This especially made me think of people who vouch for UBI as AI becomes more prevalent in our society and certain jobs become more automated and people are unable to work. At that point when UBI is given out, what is the point or even value of money. It’s like the government giving out pieces of paper to its people and tell them to go “buy” stuff if no work is being put into obtaining it. +I inherited 2 million. I want to buy a house in the Netherlands. In my area average housing price increase was 26% this year (and this is not in Amsterdam or Randstad). + +Housing prices are hugely inflated. This sucks, because it means my big pile of cash is worth only half that in the housing market. (And housing prices are still not in the ECB inflation definition so they can keep the money printer rolling, which is ridiculous and unfair, but hey, we never got a referndum about the Euro. Dramatized: the younger generation gets sacrificed on the altar of European unity this century, again. But this time we don't bleed, we indebt ourselves). + +Low interest rates means high house prices but affordable big mortgages. + +My question is whether I should get a mortgage as well when buying an expensive house. This would insure me somewhat against inflation, cushions the blow of high house prices and I don't have to spend it all; I can invest it too. This feels counterintuitive but it seems this is the way the ECB wants to push me. + +What do you guys think? +We lost quite a bit in our stock portfolio and now just barely above ChubbyFIRE 😅 (6.5M as of today). We have a big chunk in “high tech pandemic stocks” since my spouse and I work in those companies. + +My 2-3 more years plan now is more becoming 5-7 years. +Being American and not being able to afford healthcare is one of the cruelest fates that one can have bestowed upon them. When you have health problems and can't afford healthcare it's awful. Here's what you'll go through... + +You'll develop a healthcare problem and you can't afford to go to the doctor. So what you'll do is you'll spend all day googling your symptoms. You'll get about 5 different possible diagnoses. Some may be mild and some may be very serious so this will cause you great anxiety. You may even try to go to Reddit forums to try to get a better idea of what's wrong with you. However this is a waste of time because people will just simply tell you to go to the doctor (which you can't afford). + +Then if you can actually find a way to afford health insurance then you have to take a day off to go to the doctor. You have to do this because most doctors operate on bankers hours which is probably the same schedule you work at your job. Many times the doctor won't be able to diagnose you. So then the doctor sends you to a specialist. Then specialist almost can never diagnose you without really expensive tests. In fact often times they have to run multiple tests to diagnose you. + +Constantly you're losing money and you're infuriating your employer by taking this much time off. So now have to find a way to both afford these doctors, afford the insurance (often with sky high deductibles) and you have to afford the sky high tests that doctors require. Healthcare is a nightmare if you're poor in the USA. +I'm a dummy when it comes to economics. This is just a question that popped up in my head, maybe this is the right place to ask. + +Grateful for answers and clarification. +Something I've learned in my career in finance is that my most pleasant clients (who, coincidentally, are also HNW/UHNW) are NEVER flashy with their money. Growing up I was tricked into thinking wealth meant opulence and showy luxury items, now I know it's very much the opposite. One of my clients is on the cusp of moving into the eight figure range and you'd never know it by looking at him. The last time we talked, he had on the finest dad-attire: New Balance sneakers, plain khaki shorts, old baseball cap. His ride was a 2014 Chevy Cruze. + +Because of his modesty, he enjoys his wealth privately and in comfort. Are there any cautionary tales out there about being too flashy with one's money? +Hey gang, ex poker player here. Made quite some coin playing poker that I reinvested into successful businesses after the poker boom fell out of favor. The rest of my money, I promptly YOLOed into the market (well before the days of WSB) because I wanted to retire early and figured I would hit my lotto ticket or keep working. Learned the hard lessons, stayed focused on business and slowly built up trading (not gambling) experience. + +So why on Earth would you listen to me? Precisely because I've been a dumbass in all my dealings (poker, business, stocks) but have stuck each one through long enough to learn from my silly mistakes. I feel that Thetagang has given me much more tools in the quiver and want to pay it forward by helping those with... ahem, degenerate tendencies, and even those without, to understand some proper risk management. So on with the show. + +**Rule #1: Always Assume the Worst Case CAN Happen** + +Lady luck loves nothing better to take her big dick and deflower your naive optimism at every opportunity. Have a bet that you think is a sure thing? Great, can you "define" what a sure thing is in numbers? Cause if you can't, it's undefined risk and that means you have no idea what you are dealing with. Selling naked call / put options is an undefined risk (unlimited loss). Selling vertical / calendars is a DEFINED risk (you know what you can lose/gain). + +I know what you're saying, "Hey granto, XYZ will *NEVER* hit that strike or ABC could never go bankrupt, it's impossible!". And of course, I'll say, it's impossible like the chance of a country defaulting on their bonds right? Like Russia in 90s which blew apart LTCM, one of the fastest rising stars in the hedge fund world with the smartest dudes around? + +See the thing is, once you start thinking "It can't happen" or "The chance is so small.." then that's when you're fucked because you're replacing analysis with hope (or worse, ego). See the thing is, 99% isn't impossible. And 90% sure as HELL isn't impossible. And if you can't understand how your trade can go sideways, you are not the smart shark that you think you are. You are the fish. That's why any veteran trader (and I hardly call myself one) rolls their eyes at someone saying they make 1% a week selling FDs. + + +**Rule #2: Size Your Bets Accordingly (SEE Rule #1)** + +If you think you've got a 60% winning bet, do you go all-in? Fuck no. 80%? Nope. 90%? Still no! + +This is where Kelly's criterion comes in ([good Reddit thread here](https://www.reddit.com/r/options/comments/mn14jc/kellys_criterion_for_gamblers_one_of_the_most/). In a nutshell, even when you are at a high probability of success, if you make that same bet multiple times with a outsized portion of your assets, you will go broke due to the law of large numbers. + +Example: You sell 1 standard deviation SPY call options (approx 30 delta) which assumes your contact expires worthless 68% of the time. Well since you're smarto pants here, you realize 68% isn't *THAT* safe, but two standard deviations (~95% win rate) would be very safe. So you sell 7 delta calls each week jacked to the tits. You're playing it safe, right? + +Well, math comes out that your 95% trade over 13 trades (0.95^13) comes out to a 51% trade. That means if you max your bets for a mere 3 months, you're a coin flip chance of having an assignment. This is why they call it "picking up pennies before a bulldozer" and why everyone says *"It works, until it doesn't"*. + +So how much should you bet? Most people say never more than 5-10% of your portfolio on any one position; and I mean that any one position should only have risk exposure of said 5-10%. If you short GME/AMC/MEME using 10% of your margin, then god bless and pray to not meet your maker because your risk is once again, undefined (unlimited). The reason the 5-10% exists is because you need to assume that your position can/will move against you AGAINST ALL ODDS and you need to limit your damage and exposure. + +There are MANY, MANY smart players out there that have gone bust simply because of poor bankroll management. Once you're wiped out, you're gone. No more bets, no more opportunities. Even a 50% loss sets you back YEARS. When the game is based around compounding numbers, any significant portfolio losses is incredibly damaging to your ability to play the game. + + +**Rule #3: Set Loss Boundaries and Know When To Exit** + +This is really important. Unlike the top two, which are based on hedging against the unknown, Rule #3 is hedging against your dumb ass self. Why? Because every gambler has that moment when he says: *"Fuck this, I'm doubling down!"* + +That's a GREAT sign? Why? Because it's your own personal stop loss indicator, so that you know you are no longer able to trade rationally. Once you're angry, bitter or trying to win back a loss, now you're in gambling territory my friend. Emotions are high, you want to prove to yourself, Mr. Market, your wife who rolls her eyes that "No no no, I am toooootally right!". Sure thing bud, but let's cool off first and exit your trade and put down your phone before someone gets hurt". + +Creating pre-defined exit boundaries are a requirement because it takes the decision making process out of the equation when you are least capable of making a decision. Otherwise, when your short on AMC is going to the moon and your face is melting off, you're not screaming at the invisible buy-side action telling them how right you are and that you'll hold until your account implodes. + +Closing gains from 50-80% seems pretty common here. Selling insurance means that losses can quickly escalate far beyond your basis so it's important to put in your stops before it gets away. Where is your own risk tolerance, but mine is is variable depending on the volatility and delta, but as a general rule, if you set your losses to match your gains or even at double, you've at least defined an exit point. + +The all too common theme at a poker table is the solid player who loses a big hand that he should have won, then proceeds to go on tilt and proceeds to take a single loss into a whirlwind of loses trying to make ever riskier plays. So of course our next rule is... + + +**Rule #4: Don't Risk What You Can't Afford** + +I know I'm going to get hell for this, but trading on margin (without well defined risk params) is an invitation for the reaper. Again, if you don't understand how your trade can go south, trading on margin is NOT FOR YOU. If you're hedged with delta all which ways with tight stops, then play big league ball all you want. If your thesis is that SPX goes up 7% per year annualized, margin interest is 4% and your bright play is piling into nothing but high beta SPX plays because you think a 3% arb somehow equates to risk free long term gains... then please god re-read rule #2. + +I'm sure I'm clear on this already, but if you don't understand or have conviction in the bet you are making, then don't make the bet or make it manageable (small). Most disciplined investors either throw an allocation into a "safe" asset such as an indexed ETF or mutual fund, then put the rest aside for gambling and fun times. That way, if you get caught in the worse way, you're not panicking or on a bender trying to recover. There were dudes in here yelling the end was nigh with a 3% correction a few months ago and if they rode the major crashes like '08, I can't even imagine how jacked they would be. If you're going to gamble, do it responsibly. + +When I was young, the worst thing that happened was getting a fuck ton of margin, having a big ego and making a rash of successful plays early. Idiots success is a hell of a drug. A margin call is a hell of a morning wake up. **LUCKILY** even my dumbass was smart enough to stash away a pile of money to protect it from myself. Which leads me to... + + +**Rule #5: You're Not That Smart, So Don't Bet 100% On Yourself** + +The rule we all hate. I hate it with a passion. I *really* enjoy being smart. I'm great at a lot of things. I am not, however, smarter than the market. But, after much hard lessons, I do have enough self reflection to realize that I enjoy options exactly because of it's gambling like nature. And if I keep telling myself that my bets are because I am smart, I may eventually begin to delude myself into thinking so and not question my dumb ass decisions. + +Let's face it, we all know (or SHOULD KNOW) that the majority of hedge funds don't beat the market. Holding index funds will beat just about any other strategy time and time again. Yet why do we do this? Because it's fun... and because we all think just *mayyybe* we'll continue to beat the market, because maybe you currently do or think you can. + +So don't get ahead of yourself. You're not the next Buffet. A YOLO play with 2000% returns does not make you a smart investor. Getting away with selling insurance in a bull market doesn't make you an smart investor. It doesn't make you stupid either. But over 20 years, let's see how you do. And if you're a billionaire, fucking kudos to you and your big dick. To everyone else, stay humble, donate to your local ETF. + + +**Rule #6: Don't Force Opportunities, Be Patient for High Probability Scenarios** + +I've often sat down at a game and realized that it's just not a good game for whatever reason (slow pace, grumpy players, bad cards, etc). The wrong thing is to sit down and try to grind out when there's nothing to be gained. This is where the Bogle / Buffet type investors have it right, because they just jam their meat into SPY and let it slow cook for a few decades while they enjoy the sunlight, outdoors and get shit done. + +Thetagang is thetagang for a reason... it's great to just sit and let your thesis play out and hopefully take your winnings. But sometimes I've invested a lot of time into my current plays and just don't have a good one out there that I have conviction of. So I won't force it or concentrate my bet. I *always* know it's time to chill out when I think "Hmm... this is going slow, maybe I'll just sell a few more CSPs on the same ticker on another date/strike". Because when I do, that violates Rule #2 for bet sizing. + +Each player/trader has their own set of signals they they go by. If I'm not getting most of my signals, then I'm just not going to play, because otherwise I'm gambling. It's like shorting/buying AMC. Do I have long term thesis that I'm willing to stick to? Or am I just hoping to run in and scalp? If I believe it will collapse, then I'm at least going to look for a number of entry point indicators to go in vs just willy nilly jumping in. + + +**Rule #7: Never Forget You Are Trading Against a Headwind aka The House Always Wins** + +This isn't exactly risk, but don't ever forget this rule, especially since we're all trading options here. The bid/ask spreads will murder you if you are going in and out of them frequently. Many spreads hover around 10%. The terrible ones are over 20%. Plus you've got your brokerage commissions on top. If you're round tripping 200 options on a vertical call with a 10% spread, that's 20% + $260 (@ 0.65 per trade). That is a HUGE headwind. Now obviously as thetagang, the hope here is the value decreases so that you're closing the call at a much lower value so the spread at close is a much smaller % vs your basis. + +That said, being a monkey trader that is maxing out margin, being forced to close trades when you don't want to, or playing too many highly volatile stocks that stop you out of a trade before your desired point is a big win for the house. Say your monkey thesis is that ZIM is going on a bull run, you sell a put, only to have it turn against you the next week, you're now in a difficult position of accepting your thesis is wrong and closing out, waiting it out until you hit your safety eject number, or stubbornly hold until the cows and margin call comes home. + + +**Rule #8: Be Aware That You Have Blind Spots** + +I should probably call this "Beware of Black Swans" or improbable events that are outside of what you think is probable. This concept was made famous by Nassim Taleb, an options trader who made hundreds of millions by "exploiting" the Black-Scholes options pricing model, which Taleb claims does not price options correctly (too cheap on the edges, too expensive near the money, due to the gaussian curve not representing risk properly... but I am not a mathematician, so please don't skewer me for my ad hoc summary). In English, this is rule #1 on steroids - it's not just the worst situation YOU can think of, but what's the worst case situation you CANNOT EVEN BEGIN TO THINK OF? + +Many people think this is like a futile exercise because how can you hedge against say, an asteroid or nuke from North Korea that falls into "acts of god" realms of probability. But as we saw with BTC, China is moving against BTC in a major way and miners are moving to the US. Will the US ban Bitcoin? Obviously, **I don't know** but the probability *exists*. How you trade that is beyond my pay grade. But, if you aren't even cognizant to the fact that *BTC could be banned* then you are trading with a blind spot. + +So, this goes closely with Rule #5. You're just not that smart or reflective enough to see your own shortcomings. + +.. Anyhow, my dumbass thought this would be a pay it forward for those who may be on the path to making the same mistakes I once did. Thank you to everyone here that contributes and continues to have patience. I am still learning and appreciate you all. + +TLDR: Risk is overrated. Concentration makes you rich. Losers exit out a trade early. Your gut knows what is right. Markets always go up. Markets price in everything perfectly. You're the fucking champ with 20/20. +I would really love to read his Basic Economics book but I heard he’s a conservative. Not that that’s an issue for but I was wondering if it’s non bias in the sense he doesn’t try to convert you to believe in his ideals. I just want to learn economics straight up. Thanks for the help. +# + +https://preview.redd.it/uvemtuigzh071.jpg?width=602&format=pjpg&auto=webp&s=ee715ba75723759d9cc8179e80a30e2d5d010051 + +# + +# Apes, + +Just thought I'd share what I have been suspecting all along. GameStop has become a huge problem!! Not a tiny little annoying problem, no no. This is becoming a thorn in the side of the biggest players on the market. The higher ups thought retail would just tuck their tails between their legs after they coordinated a stoppage back in Jan. Dumb money would just take their licks and go back to life as usual. + +&#x200B; + +**Guess what Apes, you fucked up their plan. They were praying all this would just go away and it would be business as usual. Fuck people. They have been literally rewriting the fucking RULES because they can't ignore this problem anymore! The system is getting exposed. Short selling has been going on for years and nobody really cared. A little slight manipulation. Everyone does it. That's just how the industry works.....everyone just cheats a little and if you get caught, they slap a fine on you. Business as usual.** + +&#x200B; + +&#x200B; + +I spoke with some people across multiple industries just friendly catching up type shit since I know what they do. All them said, "You know I can't talk about that" and I respect that. Every single one of them when I asked, are you at least aware the GameStop situation, every SINGLE one just said a version of, "yeah what a fucking mess". **EDIT: Mods if you want to contact me, I'm happy to speak to you. I'm taking out the part of the user to reported me because I wouldn't give up my friends names to a rabid pack of HFs lurkers, SEC lurkers, and rabid Apes. His comment is still up but I'll not Dox him even though it's a dick move on his part.** + +**Edit 2: I just wrote** u/redchessqueen99 **since we have spoken before and she can let me know what she would like from me.** + +**Edit 3: For anyone asking, they didn't give me anything. They literally can't talk about this stuff with people. All I got was a lot of we can't talk about that but what a shit show. SEC- If you are reading this, I would argue if you ask any single person in the world who understands a tiny bit about stocks; they know something is off with GameStop. Doesn't matter which side of the aisle, whether you are a bear or a bull on GME.....everyone knows something funky is going on with GameStop. Maybe you guys should be looking at some Market Makers instead of retail.** + +&#x200B; + +&#x200B; + +Picture this. There is a watertight sealed room with a couple different pipes of water going into it. A couple people fighting over control levers. Let's say DTCC is on a HUGE pipe. You have multiple Short Hedge Funds (SHF) controlling a ton of levers. Then you have another couple of major institutional players on a couple more levers. Everyone is having this water fight over control of this room and the water level keeps rising each an everyday. As the water level rises the stakes go up. You don't want to drown in this room. Something has to give. Enter Apes. Apes are the slow sprinkler system overhead that has been running the whole time. In the beginning it was just a nuisance but it just keeps coming raising the water level slowly. The DTCC has been trying to figure out a way to get control of these SHF's levers so they get out of the room with minimum damages to themselves. The shorts got greedy and somehow chained their leg to their lever. They would rather drown everyone than lose. The Apes will just continue raining down raising the water level until someone releases the floodgate to Tendytown. Apes can't control the movement of water but they can keep buying which raises the water level. + +&#x200B; + +&#x200B; + +The DTCC is just trying to protect their own asses and has been for months. They know the problem and are actively letting SHF's (Short Hedge Funds) operate in survival mode so they can get their rules double, triple, quadrupled checked to make sure they will protect themselves/existing members against having to payout the fraud which they allowed. There are no shares of GameStop to be had anymore, they are all in the hands of Apes by now. Apes just keep raising that water level each week. **There are literally millions more shares just on the options market than exist in the float, then if you start calculating all the OTM options, along with the institutional ownership and just guess the Apes shares........this is a fucking nightmare to them.** + +&#x200B; + +&#x200B; + +They popped the ball we were playing with right when we were going to get rich in Jan. It was going to blow up the entire system. It was all a rigged game and we exploited a weak point in it. So they turned off the game because they aren't allowed to lose money. We are, that is how they stay rich. The bleed off the world because financial stuff is overly complicated on purpose so people don't pay attention to it themselves. I know I didn't for years. I just quietly dumped money into a 401k and Roth. Millions of regular Americans do the same thing. We give these Banks, Institutions, etc access to our hard earned money then they 8x leverage themselves with our money in hopes they make fat bonuses in the short term. If it doesn't work out. They will just blow everything up and get a bail out. + +&#x200B; + +&#x200B; + +&#x200B; + +**So they NEED to figure out a way to quietly get out of this but the problem is too many eyes are on it now. The world is paying attention. The longer this goes, the more attention time people have to research and look for information. They are going to see the shady shit the DTCC and SEC let slide all the time. They are going to ask for answers. They are going to learn to vote out the politicians who back this system. They are going to start electing ones who will stand up for the little guys. They are going to bring more regulation the longer this goes.** + +&#x200B; + +&#x200B; + +# TLDR: The longer this plays out the more we learn about this corrupt system. Naked short selling is the worst kept secret on Wall Street and everyone knows what is going on. The longer they keep kicking the can down the road, the more attention this is going to bring and people are starting to get informed. They are starting to lose the ability to control the narrative through the media. + +&#x200B; + +&#x200B; + +See ya on the moon Apes!! + +# 🚀 🚀 + +https://preview.redd.it/upoxpmo2lh071.png?width=120&format=png&auto=webp&s=3a1d076afda5cb0a4bc82e21963513c897dc103a +Back in July we were wrapping up our yearly road trip to Illinois. We purchased gas around 8 or 9am right before we started the 12 hour trip to Texas. + +&#x200B; + +Two hours into the trip my wife gets a notification on her phone from Bank of America alerting her to fruadulent charges being made. We only have one debit cad. + +&#x200B; + +While we were starting our driving home, someone in Austin, Tx purchased around $500 in merch at Home Depot, drove towards Houston, Tx attempting twice to use our card at the ATM, which did not work because they didnt have the pin. They made their $200-ish last transaction at TJ Maxx North of Houston before were alerted and had the card shut off. (Austin to Houston is about a 3 hour car ride) + +&#x200B; + +My wife immedately makes a claim. 10 days later, we get the money credited back while they continue the investigation which seems pretty open and shut to me... They also say it may be another 45 days before they finish their investigation. + +&#x200B; + +October 5, they send a letter stating that they have completed their investigation: "Our records show the transaction activity in question was authorized for and posted to your account." The letter states they'll be taking the $740 back on October 22. + +&#x200B; + +Wife calls and has them reopen the case or escalate it. We're told it could be another 45 days. + +&#x200B; + +December 22. We call Bank of America again. This agent has no record of anything being escalated. Says he will escalate it and we should hear from someone in the next few business days. Nothing. + +&#x200B; + +Jan 3. Wife calls them again. This agent states that while an escalation sends an email to their investigators notifying that we are still asking about they case, they are under no obligation to complete it. + +&#x200B; + +After reading a bit into the law surrounding this, we have realized we can request the documentation they used to close the investigation. + +&#x200B; + +What else can we do? Do we need a lawyer? If they had to reimburse us for the first 45 days of the investigation, why do they not have to temporarily reimburse us as they continue to investigate "for as long as they need" with no date set for resolution on our end? + +&#x200B; + +It is blatantly obvious that someone skimmed the card at some point and had a dummy one made. Are they able to continue to withhold our $750 indefinitely and just keep saying. "Nope! Looks good!" until we tire out? + +&#x200B; + +Our kiddos missed out on a lot of Christmas gifts because of this and now bills are starting to get a bit tight. We really need this money back. Thanks yall! + +**Update:** Started posting on social media before I start filing complaints. 20 minutes later Bank of America contacted me on Twitter. Will update later. Thanks for everyone's advice. + +**Update 2: 3 hours later...** I continued to post on social media, reaching out to local news stations on Twitter that have community protection or investigative segments and linking to this post. Bank of America has now reached out in one of these posts, referencing my wifes name. Fingers crossed. [http://imgur.com/gallery/i4gWtC0](http://imgur.com/gallery/i4gWtC0) + +**Update 3:** Wife got home 30 min after my last update. A rep with BoA actually called her asking what was going on. The rep said she would need to call the fraud department and get them all on the line together. We are at our kids practice so opted for them to call us when they have someone on the line who can help us. Will update later. + +**Update 4:** Just got off the phone with someone in the fraud department at Bank of America. I recorded the whole convo and will be uploading it to YouTube. She says the call on Oct 22 did in fact reopen the case. (even though the rep on Dec 22 said otherwise and the rep earlier today said they have no timeline to adhere to and can take as long as they want) + +They now have 60 business days from Oct 22 to finish the claim once again. + +She says one of the reasons that the claim was denied was because the didnt attempt to drain her account. (They hit up two ATMs and failed to use the pin to drain the account, so they don't even have the correct info to base their findings off) + +I requested documentation about the claim as law allows and she says I should get that in 10 business days. They now have until Jan 18 to notify us of their findings. I'm going to continue with filing reports and posting on social media. + +I'll update in a few weeks I guess. + +**Update 5: 10 hours later,** they have blocked me on Facebook for sharing my problems on their page. I also filed a complaint with the CFPB . + +**Update 6:** 24 hours since this post and David, a Bank of America employee in the "Regulatory Complaints Department" left my wife a voice mail in regards to a complaint sent to them by the CFPB. They close at 4pm EST. (They're closed by the time we got the voice mail since she is at work). Will update Monday. + +**Update 7:** Wife woke up this morning and the money has been returned to our account. Time to turn and burn! + +Thank you everyone for your advice. We learned a lot from this. + +**Update 8: We got confirmation that the fraud claim is now closed and the money that was returned is permanent. Waiting on an actual paper letter to come in the mail before we turn and run. Thanks everyone! Update here:** [**https://www.reddit.com/r/personalfinance/comments/adnjj7/update\_bank\_of\_america\_refusing\_to\_return\_700\_in/**](https://www.reddit.com/r/personalfinance/comments/adnjj7/update_bank_of_america_refusing_to_return_700_in/) +Weekend dumb discussion: + +I've noticed stocks like Canopy at $24 today from a high this year of $72, even Blackberry was $155 a share years ago! + +I'm sure people haven't bag held that amount of time and of price drop to where it is today, and had I'm sure it's all been sold at a loss, but what's your biggest bag $ wise per share? + +Edit: seems we should avoid weed stocks, speculative penny stocks, and BlackBerry lol +I talked about the idea [here](https://www.reddit.com/r/investing/comments/9mvabs/z/e7htx2q), and it's a simple one, but potentially lucrative. All that needs to be done is identify public companies with major product lines enjoyed particularly by basic white girls and equal weight them. Intuitively it makes sense; these are customers with money and the ability to set cultural trends. Here is the American white girl index as I currently have it: + +* AAPL + +* DECK + +* DIS + +* EL + +* FB + +* LB + +* LULU + +* NKE + +* SBUX + +* UAA + +* ULTA + +* VFC + +If we add foreign stocks, we can include these: + +* ADDYY + +* DEO + +* LRLCY + +* LVMUY + +I don't remember the rest of what we came up with, but regardless, backtest and behold. White girls crush the market. + +EDIT: I'm back in this thread, and I agree about several of the proposed additions, most notably TIF. A lot of you are asking why I left out SNAP, though. I simply forgot about it, but even if I didn't, it's been public for such a short time that it would screw up any decent backtest, and I would probably not include a company with no history of positive EPS anyways. That said, if any of you put some money into a scheme like this, feel free to add or subtract whatever you want. I am powerless to stop you. + +EDIT2: In accordance with community consensus, we can go ahead and add these: + +* ETSY + +* FIZZ + +* GOOS + +* NFLX + +* SNAP + +* TGT + +* TIF + +I personally would decline to add a couple of those due either to very recent IPOs or a lack of history of profitability, but they do fit the stereotypes. +Hey everyone :) + +Last year my teenage crypto investments exploded and now sitting around 2m$ post-tax. They're 99,9% of my net worth, and I believe it doesn't make sense to hold such a pile of money in a high-risk asset. And therefore, I want to sell most of them and put them into instruments with lower risk. So essentially, the goal is to preserve money and put a portion of it to work. I'm 22yr old, working in IT and my salary covers my living expenses. I don't have any intention of retiring or similar things. + +I have never managed such an amount, which makes me lost. I read a lot of info/posts on r/personalfinance, but the tips there are primarily for the US people. So I thought about getting professional financial advice. I could find several companies on Google, but very few reviews and they do not list amounts of target net worths. I live in Germany if that matters. + +Appreciate your tips and wish everyone a wonderful upcoming year :) +This short post is a bit like a crisis in investing philosophy in the current market. + +I've been investing for a number of years, though been getting more serious over the last 12-18 months. I followed the GameStop saga, the alternative coins rage, the SPAC bubble and now the green/ESG wave. I've come to the conclusion that good value investing should be boring. Finding solid, undervalued opportunities seems to be a forgotten thing in this market with seemingly more people chasing "it can go up by 10% by next week because the market is going up" attitude. + +Am I going mad in this market? Do you agree? + +&#x200B; + +Edit: getting a few comments about my point on GameStop ($GME). To be clear, I was lucky to be in GME in the summer when it was selling for less than net working capital. I sold out in the euphoria of January. My thesis for GME was initially a cigar butt value stock, then changed to turnaround after Ryan Cohen's intervention. Now I see it as a meme stock. +Welp, looks like it's time to try and counter some of the negativity, fud, and trolling infecting the board lately. The sentiment reminds me a lot of Q4 2016 (after the DAObacle and the subsequent bleed out of ETH from $20.00+ down to $6.00 and the accompanying existential dread). + +Here's a brief look at why I'm short-, medium-, and long-term bullish on the Ethereum project (and by extension ETH). + +***Short-Term*** + +* **1: dApps**: The first (and some of the greatest) dApps on Ethereum have launched or will be launching soon. + +* * **a: Maker** is already an unmitigated success and could very well become the go-to stablecoin by the end of this year. (I can’t overstate how impressed I am with Maker; it’s truly a revolutionary project in and of itself, and operating within the Ethereum ecosystem is a beautiful synergism that will only help both endeavors in the long run). + +* * **b: Golem** looks to be launching Brass on the main net soon. This is still one of the sexiest projects out there, both in the mainstream and crypto communities. Granted, some of the lustre has worn off given the team’s tendency to overpromise and under deliver (and their terrible PR), but if they can deliver even a fraction of what they’re looking to accomplish, GNT (and again by extension ETH) could be prime for an explosion and could bring more mainstream eyeballs and adopters to the space. + +* * **c: Digix** Gold-backed tokens. Another stable-currency of sorts, but more importantly, the first serious tokenization of real-world assets. Launching on main net soon. + +* * **d: Augur** will launch on the main net in a matter of weeks (not months?). Prediction markets are a perfect fit for blockchain. And, yes, there is more use for Augur than simply gambling on sports. Individuals and corporations alike could self-insure / hedge on a micro- or macro-basis. + +* * * *Example*: Farmer Frida worries about her crops in the irregular dry seasons that afflict her region. She decides to insure herself by establishing a prediction market wherein she bets that there will be at least one dry season in the next four. If she loses the bet, *great*, because that means she has had four wet seasons and the good crops that come with them. If she wins, she’ll collect on the bet and be able to better weather a dry season (and the diminished crop that resulted). This kind of insurance / hedging has only ever been possible at an institutional level and at amounts that are either prohibitively expensive or just don’t make sense for the average individual. Augur makes it all possible at a fully decentralized, micro level. + +* **2: Consensus**: maybe the largest blockchain conference in the West, last year’s conference came when ETH hit $100 (it seems almost quaint to look back and watch some of the conference participants gush about hitting that milestone). May 14-16 should be a nice shot in the arm for blockchain generally and Ethereum specifically. + +* **3: Price Action**: Both BTC and ETH seem to be consolidating (finally) around $6,500-7,500 and $370-410, respectively. Bulls and Bears seem to be content to graze quietly in their fields and woods. (If you had told me this time last year that the board would be licking its wounds at this price level, I’d have told you you were insane; if you had told me that we’d hit a high at $1,400 I’d have slapped you and called the state mental health institute). + +***Medium-Term*** + +* **1: Scaling**: The Ethereum Foundation is working furiously toward scaling solutions (as well as the migration away from PoW). Plasma, Sharding, Casper, are all priorities for the Foundation and its other allies in building out a scaled, decentralized blockchain. If *anyone* can do it, they can. (Note, scaling has plagued blockchain for almost 10 years, but it plagues every network and organization. IMO, this is still the biggest question mark in whether Ethereum can become the Web 3.0 it wants to be or merely a blockchain solution; if the former, watch out, because we’ll all be the oil barons of the 21st century; if the latter, we’ll still be well off from here). + +* **2: EEA**: The EEA continues to add interesting allies, but maybe more importantly for the medium-term, plans to make a marketing push. A polished, Ethereum-focused marketing campaign could be just what Ethereum needs to gain the kind of mainstream traction that will push it to the top of the heap in terms of price and adoption. + +* **3: Institutional Investment**: Physically settled futures is the first step toward ETFs, which would allow more and more institutions to get on board with the latest commodity asset. And when I say institutional, it’s not just corporations and banks; think sovereign funds and fixed-income providers with trillions at their collective disposal. Even without ETFs or other more traditional investment vehicles, you could more and more hedge funds, family funds, and corporations getting on board and buying crypto currencies as part of their portfolio. + +* **4: Proof of Stake**: PoW is getting a bad wrap in mainstream media—expensive, environmentally unfriendly (we can all disagree about the degree to which PoW contributes to pollution, but no one would argue that it doesn’t contribute much more than PoS would), and already being pushed out of communities and jurisdictions that don’t want to sell all their power to a handful of crypto mines. PoW also inevitably leads to some degree of centralization based on economics alone. Staking brings with it the promise of a cleaner, just as secure blockchain, as well as dividend-like rewards for stakers. If implemented successfully, PoS could make ETH the most attractive cryptocurrency by itself (let alone the network and platform that it enables). + +***Long-Term*** + +* **1: Web 3.0**: This goes without saying, but if ETH can scale to the level it aims to and can create a robust, dApp-driven platform, it would be world-changing (and the price would more than likely reflect that). Even if ETH only manages to provide a decentralized backbone to just a handful of successful and widely adopted blockchain projects, the price could still soar. + +* **2: dApp Store**: The analogy isn’t perfect, but if Ethereum becomes a dApp store and ETH is the fuel/toll for operating on the Ethereum blockchain, you could be looking at the next edition of the Apple / Android App Stores. ETH holders and stakers will have effective shares of that dApp store on their hands—benefiting from both platform usage (scarcity / security, etc.) and the resulting price action and from staking, whether individually or in a pool. This alone could drive a market cap into close-to a trillion dollars. + +* **3: Widespread Adoption**: If (when?) Ethereum becomes the go-to blockchain for individual and enterprise solutions (and it is easily the best situated to do that from today’s perspective), the demand (and value) of ETH will track accordingly. And, as we know from the last 10 years of the evolution of the internet (see: social media), networks have a geometric effect on value as they spread. + +* * Get thousands of people using applications on the Ethereum blockchain routinely—price is great. +* * Get a million people using applications on the Ethereum blockchain routinely—price is huge. +* * Get a billion+ people using application son the Ethereum blockchain routinely—price is unimaginable. + +* **4: Unforeseeable Usage**: When the internet was first coming to mainstream adoption, no one quite knew what to make of it. The idea of an internet-based marketplace was almost farcical—who would want to buy something without seeing / smelling / touching / trying it first? The same went with banking, purchasing, storing knowledge bases, etc. We know how that went. What other use cases will blockchain enable? Can we even fathom them right now? Could you have envisioned a fleet of driverless vehicles summoned on your smart phone just a decade ago? How about five years ago? +* * Technology is wild. Ethereum and blockchain are on the bleeding edge and are just building up momentum. + +**TL; DR**: The future is extremely bright. Strap in. Enjoy the ride. And don't get bucked off on anyone's terms but yours. +This isn‘t normal behavior in the stock market! + +Remember when the Coca Cola stock dumped like 2% because CR7 removed some Coca Cola bottles from his table in front of a camera during a press release, implying that Coca Cola is unhelathy for an athlete like him? Yeah so that was shitty news and the consequence was that the stock dumped a couple of dollars. + +Now what’s happening with GME is that, a ton of people are direct registering their shares, constantly buying stock, fucking herds of people outside of Gamestop stores waiting in line to get their hand on a new console or whatever, filled stores with customers and most importantly NO BAD NEWS whatsoever and still the stock dumps like 35% in a matter of two weeks from 250$ to 160$!!! + +This just confirms my (our) thesis that the stock still gets heavily manipulated and kenny trust me i‘m just going to buy drs and hodl even more, as a matter of fact i just bought 4 more you dumb fuck. The MOASS is happening whether u like it or not!! + +BUY HODL DRS +🚨🚀🚨🚀🚨 + +Edit: No I‘m not suicidal nor have i the intention of harming myself, but thanks for looking out for me. +As we are nearing the second quarter of 2021, I thought I would share some tips I made for myself that other noob traders might appreciate. I’ve been investing for less than 5 months and I’ve made TONS of mistakes already. Keep in mind i'm just a guy so this advice may not be perfect for you. + +1. **Due Diligence.** The only stocks I have regretted buying are stocks that I have done little to no due diligence on. Checking the revenue and net profit (at the bare minimum) can help explain the past performance and give insight on what the future holds. +2. **Where to find stocks?** I’ve seen 100 posts saying, “I have xxxx money what stocks should I buy?”. My favorite stocks can be found in the holdings of [Etfs](https://www.greedyrates.ca/blog/best-etfs-in-canada/) and this list of [Dividend aristocrats](https://www.moneysense.ca/save/investing/stocks/top-100-dividend-stocks/). No one is going to create a custom portfolio for you just because you asked plus, DIY is fun! +3. **DIVERSIFY.** Diversify your portfolio. Diversify where you get your news. Diversify who you take advice from. +4. **Spotting overvalued stocks.** If you start noticing hype on reddit and the stock is already up 50% jumping in now thinking you are getting in “early” is a bad idea. Do your DD from the sidelines and more often than not you will be glad you did. If you feel pressured into buying a stock wait until the market closes to re-evaluate. Some rocket ships are better to watch from the sideline anyways. +5. **Be skeptical.** People will always say that we are in a bubble, that we are in a debt crisis or that the end of the economy is among us. It’s hard to tell as a beginner because even the experts have a hard time telling what’s going to happen. Always take what people say with a grain of salt and keep in mind they have their own agenda. Have a plan for when the market goes up and when it goes down. +6. **Stay in your lane.** It is demotivating to see posts like “I’m an 18-year-old who’s saved 150k from working part time at cineplex, just thought I’d share that my 150k portfolio has gone up 300%” or “My portfolio has gone up by 900% but I don’t know how TFSA contribution room works?”. Set yourself reasonable goals, keep in mind a 2% gain a year is better than most savings accounts. + +Have a nice day folks. + +\-*Blackfrancis22* +You have read right! $ElonGate donated 250k each (!!) to TheOceanCleanup and ActionAgainstHunger! Plus: Apparently they got contacted by Elon Musk's (yeah, the tesla guy) brother to partner up for a charity project. Awesome news coming in daily and the community growing rapidly. + +Also: Head of Community and Brand, Alex Gambon, has revealed that ElonGate has been fast tracked to be included on an exchange (a big one!). More infos will follow soon. + +This is slowly becoming much more than your usual shitcoin. This might really be the thing to HODL and get rich with. + +But first things first: $ElonGate was created in late March. At the beginning there was pure hype. Then people dumped on ElonGate, then they revealed that the 75k donation for Children's International is real, and people started to recognize that this might be a legit project with a real world use. And it is: ElonGate is actively helping to make the world a better place. Every 14 days, huuge donations are made! Next date: April 18th. + +How?! Apart from 5% of every transaction being burned and 5% being redistributed to holders, every 14 days, 1% of all transaction volume goes to the charity wallet and 1% is burned. How awesome is that? + +But that's NOT ALL, whaaat? ElonGate is giving away a Tesla Model 3 to one lucky winner. You have to hold ElonGate to participate in the prize! More infos on their website (link below). + +So get on board of this beautiful project if you aren‘t already. Currently sitting at 83k holders (growing faster than Safemoon I believe) + +\- Holders: 83k (+10k every day) +\- Market Cap: 220 Million (Potential 2-3 Billion upwards) +\- Current Value: $0.00000022 (still very early) +\- Worth in the last 7 days: +550% + +Total tokens: 1,000,000,000,000,000 +Burnt Tokens: 414,013,863,526,152 + +Everything else you need to know about ElonGate: + +🌐 Website: [www.elongate.cc](http://www.elongate.cc/) + +✉️ Telegram: [https://t.me/ElonGateChat](https://t.me/ElonGateChat) + +📈 Charts: [https://poocoin.app/tokens/0x2a9718deff471f3bb91fa0eceab14154f150a385](https://poocoin.app/tokens/0x2a9718deff471f3bb91fa0eceab14154f150a385) (Poocoin) [https://coinmarketcap.com/de/currencies/elongate/](https://coinmarketcap.com/de/currencies/elongate/) (CoinMarketCap) + +📊 BscScan: https://bscscan.com/token/0x2A9718defF471f3Bb91FA0ECEAB14154F150a385 + +💰 Buy $ElonGate: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x2A9718defF471f3Bb91FA0ECEAB14154F150a385](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x2A9718defF471f3Bb91FA0ECEAB14154F150a385) +We typically see tax rules abused by upper classes but rarely see ideas that would help the middle class. + +Since overtime is only paid to hourly staff, why not offer tax free overtime to encourage higher productivity from staff? This doesn't change anything for employers, other than not collecting payroll taxes for OT work. Firms would have staff even more eager to work extra hours, which should create productivity gains. + +This is also unlikely to be abused by self employed or executives/managers since they aren't eligible for OT. There's also a limit to OT (a previous employer would not approve more than 8hrs of OT per week). + + +Here we’re going to try and understand the general reasons why fund managers and other institutional investors may choose to ‘’Bet against’’ a particular stock in times of upcoming/present inflation. We’re going to discuss Michael Burry’s New Put position against $TSLA. In recent Q1 of 2021 fillings Scion Asset Management disclosed they’re $500Million Put position in Tesla. Burry is betting against Tesla but don’t confuse *PUT with a SHORT* the question is what’s causing this move? + +Lets start from the beginning For Michael Burry he’s been advocating the upcoming inflation Since early 2021 on his twitter account + +**ABOUT INFLATION** + +as of today commodities have been rising for the past 12months, lumber prices are significantly up, Housing market is seeing a big growth, Global food prices rose for the 12th month in a row in May, up nearly 40% YOY. Numbers do like inflationary + +[Wages are rising](http://www.cnn.com/2021/05/18/economy/bank-of-america-minimum-wage/index.html) and so are [bond yields](https://money.cnn.com/data/bonds/index.html). The housing market is still chugging along. The [prices of many retail goods](https://www.cnn.com/2021/05/09/investing/stocks-week-ahead/index.html) are going up, partly because of [supply shortages](http://www.cnn.com/2021/05/15/business/supply-chain-price-increases/index.html) but also because of real demand. + +&#x200B; + +**Relationship between Inflation, higher interest rates, and stocks** + +When anticipating higher inflation rates central banks have the tools to prevent this from happening and one way is to raise interest rates, but higher rates do have both pros and cons. But for our research lets just discuss how this affects stocks and particularly growth stock + +Here's a screenshot from Visualcapitalist to demonstrate the following + +https://advisor.visualcapitalist.com/how-rising-treasury-yields-impact-your-portfolio/ + +High rates and Stocks + +Let’s take the period of the 1960’s-1980’s DJIA where the index advanced from 618 to 875 during 20year period, but on the other hand in the same time frame U.S. GDP grew by 370%. What caused such asymmetrical movements between general stock market and whole GDP? Answer lies in interest rates Picture + +https://advisor.visualcapitalist.com/us-interest-rates/ + + During the period of 1960-1980 **10year treasury yield** went from 4% to staggering 15% by 1980. To put things into perspective let’s talk in pre-tax terms suppose you’ve bought: + +$1M worth of bonds paying you 10% annually. + +this means every year you are producing $100.000 pre-tax which is really good. Now let’s say that you want to buy a *business* that’s earning $100.000 pre-tax what is the amount you are willing to pay? well that depends our bond which is virtually risk-free yields 10% return every year for the next 10yrs in pre-tax terms, + +if considering buying a business paying more than 1Million won’t be an intelligent thing to do say you buy a business worth 1.5M making 100k pre-tax the return would be 6.7%. making an investment decision investor is better off with bonds in given example than he is with given business. Not many businesses can return say 10-15% annually for span of 8-10yrs. in period of 1980’s bonds were superior pick as compared to stocks. + +As said inflation causes interest rates to move higher and this leads us to market sentiment swaying away from stocks to fixed investments paying higher yield. And vice versa as Warren Buffett said ‘’the effect of interest rate changes is usually obscured. Nonetheless, the effect--like the invisible pull of gravity--is constantly there’’. + + Since we established the basic frame in which this letter is written, now let’s get back to burry + +As we said raising inflation causes interest rates to go up and stock prices to go down, some companies have high exposure to inflation and some don’t. by experience and many examples we know that inflation hurts growth stocks more than their older peers why? Most of the time high growth tech companies are trading based on future performance, valuations are based on revenue multiples and sizes of the enterprise, newly baked companies don’t produce any free cash flow. this type of environment is sustainable at low interest rates since everyone is better of buying a speculative security $XYZ for price of say 50$ that has high trading volume that is likely trade at 100$ in this type of environment high growths are simply better performing group than older peers and fixed investments. + +What happens when there are risks of inflation kicking in? well most likely general public will shift their attention to ‘safer’’ securities that have less **exposure to inflation risks** case can be made for companies that have pricing power to delegate rising costs by raising prices (mature companies for example) or fixed investment securities. We can argue that there are other hedges against inflation but are more suited for sophisticated individual + +As of June5, 2021 what’s the big picture? Inflation could be both transitory or here to stay I don’t think Its in my competence to guess the macro environment and therefore I won’t. + +As described earlier inflation followed by higher interest rates causes the general public to shift from high growth stocks to safer investments, this has double effect ‘’safer’’ company stock prices are on the rise and growth companies with unsustainable multiples and add public opinion shifting away from the business given securities price tends to go down. +reason is growth companies are more dependent on borrowing money to fuel growth, and higher interest rates make that more expensive leading to slower growth and the possibility of those large borrowings crushing their business. + +In case of Michael burry and his conviction about upcoming inflation mixed with bearish view on TESLA explains his move. As we know betting against Tesla in 2020wasn’t a smart move to make(source S3) + + [https://imgur.com/EW5ydel](https://imgur.com/EW5ydel) + +Tesla short sellers lost about $40Billion dollars in 2020 so betting against it just because it trades at high multiples or is cash low negative isn’t a sufficient argument to bet against it there *should be more factors interacting with each other in order to bet against Tesla. As of 2021 we have the following picture* + +**Almost unjustifiable trading multiples, Internal company problems such as supply-chain issues, accompanied by China operations pressures, in mix with external factor of inflation followed up by rising bond yields makes the company somewhat vulnerable as compared to previous year.** + +and if you are still here thank you for your time! + +Mayer Weinroth +April 9 update: This piece has been heavily edited from its original presentation. I've had plenty of shit talk about this post. I get it. Some of y'all think I'm fucking r*tarded for even posting this. But NOT ALL APES HAVE BEEN HERE SINCE JANUARY. I'm just trying to help in my limited capacity. And it seems to have helped thousands of apes get their affairs in order before liftoff, so I stand by this post. To be so smart as to correct me (rudely), you rude ones sure don't know how to read my disclaimers scattered all over this post 🧐 plus we figured out a record date in real time. Winning. + +**UPDATE: I CAN'T EDIT THE TITLE BUT HOLY SHIT GUYS ITS LOOKING LIKE [4/15](http://imgur.com/a/QJqwTfw) RECORD DATE NOT 4/20 I THINK WE FIGURED IT OUT GOOD JOB APES** + +WE NOW HAVE [PROOF](http://imgur.com/q99378Y) OF TDA SAYING RECORD DATE APRIL 15, 2021 + +ETRADE [NOW REPORTING](https://www.reddit.com/r/Superstonk/comments/mmyh72/etrade_support_on_gme_voting_must_recall_by_415/?utm_medium=android_app&utm_source=share) 4/15/21 RECORD DATE + +WEALTH SIMPLE CANADA [CHECKING IN ](https://m.imgur.com/ai6Duju) WITH A 4/15 RECORD DATE + +1st Update: [A comment worth reading!!!!](https://www.reddit.com/r/Superstonk/comments/mmt5rq/420_share_recall_explained_why_its_important_that/gttv4u8?utm_medium=android_app&utm_source=share&context=3) Looks like Vanguard is reporting a deadline of April 15!! + +TO ANSWER MY OWN QUESTION IDFK THE CATALYST NONE OF US DO. I'M NOT SAYING 4/20 IS ANYTHING BESIDES A (SUSPECTED) DEADLINE FOR RECALLING SHARES + +The more shares recalled, the more the shorts need to cover!! + +And [lenders are responsible for recalling shares, not Gamestop!!!](https://www.reddit.com/r/GME/comments/m9eqv9/clarifying_share_recall_what_is_it_and_how_does/?utm_medium=android_app&utm_source=share) + +Comments are reporting that cash users with TDA and Fidelity do NOT lend out their shares. You will be notified more about voting through their platform when it's time. More brokerage updates from users in comments, but I would suggest you contact your broker yourself. Stay vigilant! Many brokers are automatic margin!! + +Posting this before us 🦧 breed confusion... I know the [memes](http://imgur.com/gallery/gHBIpHq) are exciting, but they open lots of questions. I’m here to open my limited knowledge as well as start a discussion on what this means. Directly quoting u/Obvious_Shake_5012 here also. + +So a [post ](https://www.reddit.com/r/Superstonk/comments/mmcgb6/got_this_email_back_from_rh_about_gme_shareholder/?utm_medium=android_app&utm_source=share) on here shows a letter from Robinhood acknowledging a Gamestop Share Record date of 4/20. I contacted my main broker (I use several cuz I don’t trust a bitch) TD Ameritrade by phone and they confirmed this deadline for me. + +What does it mean, Pink?! + +The date of record, in this case ~~4/20~~ 4/15, is the deadline for shorts to return their shares. So a recall would be BEFORE 4/15 because 4/15 is the RECORD DATE . I.E Recall is NOW! + +Did you read that, apes? THE DATE THE SHARES MUST BE RETURNED TO LENDERS BY SHORTS, VERIFIED AND ACCOUNTED FOR TO RECORD **YOUR** SHARES IN ORDER TO BE ABLE TO VOTE IN THE SHAREHOLDER MEETING. + +**YOUR SHARES**. This is UP TO US! + +⚠️ **Contact your brokers and RECALL YOUR SHARES!! Tell them you want to exercise your shareholder rights in the upcoming shareholder meeting.** ⚠️ + +*Do not fear the shills in the comments saying this is market manipulation or planned movement. None of that shit flies here, and all I'm saying is that you need to recall your shares before a certain deadline to exercise your shareholder right to vote. Nothing illegal about that!* + +Keep in mind, Gamestop would need to have the 69.75 Mil shares accounted for (or however many are recalled) before shareholders can vote for anything important. + +No this isn't a guarantee that anything will happen. But from a marketing standpoint, I sure as hell wouldn't be sending out PR without knowing for a fact things will be kosher enough to conduct business by the meeting date on **6/9 ( ͡° ͜ʖ ͡°)** + +Inb4 naysayers say institutional whales don’t historically recall their shares and/or participate as voting shareholders in the annual meeting. WELL THIS YEAR IS FUCKING DIFFERENT HAS ANY OTHER YEAR BEEN THIS HISTORICALLY FUCKED?! + +But just in case it *does* go according to historical trend... + +Share recalls like to spark gamma squeezes. + +If shares are required for a shareholder vote, Gamestop will send public notice this Friday or Monday as this is 60 days before the meeting date. Who knows what will come of this. + +**These dates are factual and documented as far as I can tell, I am not making up my own target date or claiming anything here. Stay vigilant and do your own research!** + +**4/20 BLAZE IT BITCHES**🔥🌬💨💨💨🌳🌳🌳🌳 + +Note: + +1. Yes you can still sell your shares if they are recalled. This simply means nobody is being "loaned" your shares. (To then take to the pawn shop like our boy Kenny G does.) +2. You must be a current shareholder as of the record date to vote. +3. We don't know what we're voting on yet, but im exercising my right to vote. +4. TDAmeritrade confirmed my shares are not leant out and I will be able to participate in the annual shareholders meeting. + +Copied from a comment cuz I couldn't remember: + +The notification will be through TDAmeritrade and will show up under "My Account --> Shareholder Library" + +[A great post on share recall](https://www.reddit.com/r/GME/comments/m9eqv9/clarifying_share_recall_what_is_it_and_how_does/?utm_medium=android_app&utm_source=share) + +The majority of these awards were anonymous if that tells you anything 😉🚀🚀🚀🚀🚀🚀🚀 +So a project I’ve been looking at is Audio.co and was thinking it’s a really good contender to Spotify if it takes off. Currently it has backing from Bing Gordon (Co-Founder of EA Games), Justin Kan (Co-Founder of Twitch), Greg Hazel (Chief Architect at BitTorrent) and several artists as well as a good team with extensive experience in the industry. Their whole goal is for artists to retain more of the money they make from music compared to other platforms like Spotify and Deezer. + +Big artists are already using the platform like Russ and Skrillex as well as many other independent artists. + +Currently ranked at over 300, feel like there’s a good chance this will hit in the Top 150 Coins soon as I don’t see many other projects within the music and crypto space. + +Music Industry is huge and Low Market Cap for a project like this. Project has a real use in the music industry and is actually being used compared to many other “Crypto Coins” in the space. This just shows that this project is highly undervalued. + +Investors: Coinbase Ventures, Lightchange and Binance which shows the legitimacy of this project. + +TLDR: +Undervalued, Low Market Cap , Potential for huge returns, Actually being used by music artists (e.g. Skrillex, Russ etc.), Music Industry is worth $21.5 Billion in the US alone, Team with extensive experience in the Crypto Space, Backed by Coinbase Ventures, Binance and Lightchange. Currently at time of writing: Rank 396 on CMC + +Note: I am not a Financial Advisor of any sort so don’t take this as financial advice. So please guys remember to DYOR and see if you think this is a low ranked Gem. + +As a lot of people are asking this question: +Where to buy? (Got this info from CoinMarketCap) +binance.com (Not Binance.USA), +UniSwap, +FTX Exchange, +1inch Exchange, +IDEX, +BiOne + +Want to know about another 💎 I’ve found, then click the link below: + +https://www.reddit.com/r/CryptoMoonShots/comments/lodchs/orn_huge_potential_10x_gains_under_200m_market/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +I use to own cats before being homeless and I was in my storage unit and found cat food. I haven’t eaten in a few days so I desperately ate some. I faint easily and was feeling myself becoming woozy and unsteady. Literally an act of desperation + +It was awful + + +Update: hey I got an overwhelming response. I’m ok and didn’t expect this much attention. I’m ok!! I’m safe and was able to get some canned food and a $4.44 ($4.77 ripoff!) +My immediate family were very proud and I guess relieved that they don’t have to worry about me and I’ll be ok if anything happens. + +My friends weren’t happy. (Of course they verbally said they were) I can feel that they’re jealous in the little comments that slip through and they probably think I don’t deserve it. (They have higher academic degrees and has more prestigious jobs, why should I be making/keeping this much money?) + +What has been your experience? +Dont freak out. + +It happens to the best of us. + +Log off, take a break. + +Today's not the day to stare at your screen (aleast not for now) + +Catch you on the moon + +Edit: Thank you for all the awards! + +Edit 2: Thank you for more awards! This has gotten crazy lol +Sometimes I get the vibe here that most people are lurking to learn from people like us who figured out how to retire early but they don’t realize for many of us it just sort of happened. We didn’t plan it 20 years ago but we either came into some cash, sold businesses, or climbed the corporate ladder and saved. + +I bring this up because I am seeing more and more people here who are designing their life in a way that could let them down if a few lucky breaks don’t happen. + +I mentioned this is my opinion because I’m not sure, but it’s what I think from talking to many people and following this page for a while. + +I’d be curious to hear from those who have fired. Was this the plan all along, or did the opportunity present itself, then you realized you could fire? + +Me, I got the itch when I started making money. For most of my life I assumed I’d be working until I was dead. +As the title says I wish to be banned from this sub as I see this all the time come up on my popular feed and do not wish to see this sub or care about it. And I like to use the popular feed to see the random stuff on reddit. do not want to cause any issues. Thanks + +&#x200B; + +Well looks like this back fired on me holy crap. Think it is a bit funny how much attention this is getting. Looks like I poked the ape with a pointy stick got put on a rocket and this post went to the moon. Thank you for the awards and karma +There is this website titled [WTF happened in 1971](https://wtfhappenedin1971.com/) which is on the one hand a compilation of economic and related charts showing what can be inferred as a massive change for the worse, while on the other hand basically an ad for crypto + +*(Please refrain from shilling both for and against crypto in your replies as it is off topic and will hopefully be removed by mods as such.)* + +Of course the literal answer is not difficult to figure out: + +[On 15 August 1971, the United States unilaterally terminated convertibility of the US dollar to gold, effectively bringing the Bretton Woods system to an end and rendering the dollar a fiat currency](https://en.wikipedia.org/wiki/Bretton_Woods_system) + +but I'm really puzzled about all these effects, their desirability, whether it was worth it ,and if not, how can such a bad thing persist to this day. Idk... I can't even figure out how to formulate what I want to ask. Looking at all that stuff is just really unsettling and likely consistent with the experience of most of us, I would just like to see a discussion on it to understand why, and why for 50 years and still going. + +I have a very hazy and layman-like understanding of the drawbacks of the gold standard... it's just hard to imagine that this is better. + +(nth) edit: also... what are the alternatives to this? Is this the best we can do? +National Securities Depository Ltd (NSDL) has frozen the accounts of three foreign funds — Albula Investment Fund, Cresta Fund and APMS Investment Fund — which together own over ₹43,500 crore worth of shares in four Adani Group companies. These accounts were frozen on or before May 31, as per the depository’s website. +https://outline.com/MyKLyT + +update: https://www.thehindu.com/business/Industry/adani-group-calls-reports-of-freezing-of-investors-accounts-erroneous/article34812046.ece + +https://www.adani.com/Newsroom/Media-Release/media-clarification-on-3-fpis-owning-adani-shares-frozen + +https://nsdl.co.in/nsdlnews/accounts-frozen.php + +https://www.bseindia.com/xml-data/corpfiling/AttachLive/52e4429c-76c6-4dc0-96e0-8b4b40d012dd.pdf + +https://www.bseindia.com/corporates/anndet_new.aspx?newsid=83a5a32b-3930-490a-b293-b7150d679056 +I have different passwords for every website I log into, 2-factor authentication when possible; I thought I knew all the scams and could spot them a mile away. This one still got me. + +I was meeting a friend at a bar. Two drinks in I got a call from someone identified by my phone as Wells Fargo. I'm fully aware this could be spoofed, but it did not raise alarm bells yet. I was at a bar I did not frequent and have gotten calls from my bank before on suspicious charges that were legit, so I answered expecting this to be the case. + +The person I spoke with said they were with Wells Fargo and they've identified fraudulent charges on my account but they need to verify my identity before they can discuss details. They said they sent me a text message (via the cell number they just called, which is my first clue this is phishing). They asked me to read back to them the 6-digit number just texted to me to verify my ID. Being two drinks in, slightly expecting what this was about, I had zero alarm bells going off. My bad, this was stupid of me. I read the number to them. They suggested it timed out and I needed to read another number they texted to me. Minimal time had passed, a mild spidy sense was tingling, but I still was not concerned enough to ask questions and read them a second 6-digit code. + +This person then read off 5 recent charges on my account, 4 of which I recognized as legit and a 5th that was a $1000 charge to a credit card I did not own. I immediately identified this as a fraudulent charge and they said "no prob dude, we'll freeze your card and send you a new one". They even gave me the last 4 on the card it was coming from. I was appeased enough to continue (sadly). + +Finally, they said they sent me one final 6-digit code to confirm that they were crediting my account back with the $1000 fraudulent charge. I just needed to read off the final code they texted to me. At this point things seem weird to me but they got me at a good time. I was 2 drinks in, was interrupted from hanging with a close friend I hadn't seen in months and was outside trying desperately to avoid the loud noise inside the bar but still dealing with traffic noise outside. I just wanted to be done with this. I read them the final code and they thanked me and hung up. + +At this point, I see why my phone had been vibrating constantly through this call. I had 4 emails from Wells Fargo. 1) Your user name has been reset, 2) your password has been reset, 3) Welcome to Zelle! an awesome $$$ forwarding service, 4) You've just forwarded $1000!!!!! + +I called Wells Fargo via the number on the back of my card. After being on hold for 45 min trying to get the fraud department, I start to tell my story only to have the call drop (I'm pretty sure they hung up on me). I called back and was on hold for 1 hour 20 min (my account has been compromised >2 hours by this time) to get a second person. He told me this was a scam they've been dealing with for 3 months and I needed to go into a branch with 2 forms of ID to deal with it. There was nothing he could do tonight. + +TDLR: Dude spoofed Wells Fargo when calling me on my cell, requested a reset of my user name, password and approval for $1000 transfer. I stupidly read off the confirmation numbers I received via text to him, he entered them into Wells Fargo website to approve all these requests. Wells Fargo has known their customers have been getting scammed for 3 months and didn't bother to warn anyone. I now have to go into a branch, hang my head and tell my shameful story to a person and beg for access to my account because someone else has control of it all night tonight. +As mentioned in title. Do people on r/wallstreetbets are so powerful that with a coordinated effort they can change the share prices? As of today users on r/wallstreetbets are still holding on GME (to bankrupt another fund????) +Welcome to the third **/r/EthTrader** Daily Discussion Unlimited thread. +AutoMod is once again on vacation, perhaps he also had a bad day on Kraken. + +The thread guidelines are as follows: +*** + +* Follow the golden rule. + +* General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. + +* Breaking news or other important content should be submitted as a separate post. + +* In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, follow this link and choose the latest entry on the search page. + +* Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link] (https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page.` + +*** +Thank you in advance for your participation. Enjoy! + +Best Regards + +Daily Discussion Unlimited Team +So I recently bought a duplex in the northern Seattle area for $570,000. My mortgage payment is around $2,800 a month. Just found a renter and am charging them $1,700 a month and I am living in the other unit. The unit that I found a renter for has just been remodeled which is why I’m renting it out for more money, however the property needs some work and my unit is a bit dated. + +Also, there is a water in the crawl space issue, windows leak in my unit, part of the fence is falling down. Kind of making it sound like a dump but it’s really not all that bad. The unit that’s being rented out is in excellent condition. The trouble is, I’m not great at that kind of work and don’t have the cash to immediately fix it. Obviously the water in the crawl space and leaky windows need to be fixed ASAP, but I’m thinking about waiting on anything cosmetic. #buyersremorse + +I make around $75,000 a year and don’t know what this means for my investing strategy going forward. Would it be better to put my money into the property - remodeling my unit, updating the exterior, landscaping, etc. and then diversifying and putting more money into the stock market/ other investments, or to start diversifying ASAP and worry about making this property more “perfect” later. FYI I currently put 8% of my money into a 401K and my employer matches 75% of that, I’ve been doing that for the past 4 years. + +Any investment advice/direction would be greatly appreciated! + +EDIT: I do recognize that the issues need to be fixed FIRST. My question I have is, after any immediate issues are fixed. Should I continue making cosmetic changes on the property to increase the value of the home, or instead put that money towards other investments like the stock market. Thanks for all the replies, and thanks to all the people who think I’m on the verge of financial ruin lol +# TLDR + +* Rule 10c-1, “Securities Lending Transparency” proposed transaction-by-transaction reporting of all securities lending activity, *every 15 minutes.* This is aggressive as fuck. Imagine what we would do with that information!! Citadel and their ilk would get fucked. Which is why… +* Citadel came out against this rule, HARD. See past post below, and the images I post of Citadel's arguments against later on. + * Superstonk/comments/wprhuq/citadel\_securities\_pulls\_a\_fast\_one/ +* As you can see, Citadel cares a lot about not having to tell anyone about its lending activity. I want to see what they’re doing… don’t you? It is important for us to support and prevent any hedge funds from weakening it. +* If this rule passes as-is, short selling is chilled and abusive short selling takes a hit like never before in history. +* I will give you everything you need to do your part in 5 minutes. LFG. +* If we get access to data, it will be a true Nightmare on Wall Street + +&#x200B; + +https://preview.redd.it/hn6jhnf3cks91.png?width=640&format=png&auto=webp&s=3c9f1494f33b9b01e17b88df50731e86b6b41b8d + +As you may have heard, the SEC experienced a glitch that resulting in the loss of a couple hundred comments that were submitted but not posted. As a result, they RE-OPENED comments for a number of rules, which allows people to not only repost their comments, but also - and this is the important part - allows new people to post new comments. + +This is an opportunity. A big one. + +If this community opposes Citadel’s business practices and believes in giving greater power to retail investors to detect and fuck up the very shady shorting practices that hurt and control GameStop… we need to be serious about commenting on these rules. No holding back, no being lazy this time. **Get the fuck in here. Spread the word. Get others to comment.** **This is not a drill. If you believe abusive short selling is bullshit and needs to stop, you need to take 5 minutes to fight the good fight.** If you think you can’t… what the fuck are we even doing here?! + +It doesn’t get more obvious than this. Citadel publicly and vehemently came out against telling anyone about which securities it is lending and when. They have been able to crime in the dark for too long and this is a chance for us to force them into the light. The DTCC wrote a letter lobbying for its exemption from these rules so it can dodge the bullet. + +* Citadel [https://www.sec.gov/comments/s7-18-21/s71821-20122451-278475.pdf](https://www.sec.gov/comments/s7-18-21/s71821-20122451-278475.pdf) +* Dtcc [https://www.sec.gov/comments/s7-18-21/s71821-20111381-264968.pdf](https://www.sec.gov/comments/s7-18-21/s71821-20111381-264968.pdf) + +**Do not waste this.** + +&#x200B; + +https://i.redd.it/u0ie2gbffks91.gif + +# Basic Information + +**FACT SHEET TLDR**:[ https://www.sec.gov/rules/proposed/2021/34-93613-fact-sheet.pdf](https://www.sec.gov/rules/proposed/2021/34-93613-fact-sheet.pdf) + +**RULE TEXT:**[ https://www.sec.gov/rules/proposed/2021/34-93613.pdf](https://www.sec.gov/rules/proposed/2021/34-93613.pdf) + +**PUBLIC COMMENTS:**[ https://www.sec.gov/comments/s7-18-21/s71821.htm](https://www.sec.gov/comments/s7-18-21/s71821.htm) + +If you wrote a comment in the past, check to make sure it's still there! + +&#x200B; + +## Commenting on Reporting of Securities Loans + +Here is a template to use. You go into [this google doc](https://docs.google.com/document/d/1YSfjBhsKs9cN5k-0avix5Zg7nLJaeHWvKDk8B0df5sM/edit?usp=sharing), use the pieces I provide in the next section to write a comment, save as PDF, and submit that PDF to the portal. + +To submit a comment go here:[ https://www.sec.gov/rules/proposed/proposedarchive/proposed2021.shtml](https://www.sec.gov/rules/proposed/proposedarchive/proposed2021.shtml) + +Then click here: + +https://preview.redd.it/itra369ecks91.png?width=769&format=png&auto=webp&s=8aaf23e54a61502cadb86701eaf63e1901263844 + +The primary fight with this rule seems to be: if hedge funds have to report their short selling activity, other people could figure out what they are doing and hurt their profiteering. Funds are also concerned about having to spend money to collect and report the data on their lending activity. In short (lol): + +* Funds are concerned it would raise the costs of short selling +* Funds are concerned others might copy them and reduce profits +* Funds are concerned others might figure out what they are doing and trade against them +* Funds are concerned if short selling is less profitable, greedy people would research companies less + +&#x200B; + +## Legos for Economic Justice + +I’ve included a number of pieces below that you might take and assemble into a good comment. **If you have a bit of time right now, do it right now.** + +\- **Explicitly support transaction-by-transaction reporting** because it eliminates the ability to "hide within the aggregate"; transparency means transparency and aggregates are not transparent. Secret short selling could dissuade actual investment as funds attempt to glean profit off the backs of true investors. + +\- **Explicit support the 15-minute reporting requirement**, saying the cost and effort are justified to prevent fraud and prevent hiding in loopholes. + +\- **Talk about working families and everyday people that are victimized by financial predators.** The SEC's [new strategic plan](https://www.sec.gov/news/press-release/2022-148) puts "working families" front and center. This is good, and comes from the top, so let's hold them to it. + +\- **Explicitly say that victimized companies need a greater ability to defend themselves against predators**, and that "short selling in the dark" harms true competition and price discovery. The idea that a small number of short-selling funds "know best" and can hammer unsuspecting companies in the dark is shameful. Secret short selling hurts individual investors in the name of greater profits for hedge funds. Is that what the public would want from its government? Timely detection of fraudulent and abusive activity comes before Wall Street profiteering. + +\- **A short seller is not an investor, but the opposite.** The SEC seems to be prioritizing hedge fund comfort and profiteering over investor protection and market transparency. While short sellers might be afraid of ‘short squeezes’ that can follow the identification of their short selling strategy, that is not a reason for the Commission to decide against greater transparency. If short selling is chilled, then short squeezes and dangerous volatility become less common. ‘Sophisticated investors’ will quickly learn to avoid positions that could result in such dangerous volatility, which will clearly benefit the market overall. + +**- Talk about how retail will benefit from increased transparency.** We have a much better idea of the risks of our decisions and transactions if we can see who is targeted which companies. If funds are allowed to short in the dark, retail investors remain dangerously unaware of the risks they take on when purchasing securities. More timely reporting allows for more timely reactions; slower reporting prevents retail investors and working families from protecting themselves from abusive and predatory short selling practices. **Working families and the individual investors need to be able to look both ways before they cross Wall Street.** No one wants working families to get run over in the name of “superior returns for hedge funds. + +\- **Talk about the new and very desirable phenomenon** **of the public serving as first-line watchdogs** in monitoring short selling data for securities fraud, strengthening the SEC and better enabling it to fulfill its mandate, at no cost. More timely, higher-resolution reporting would create a waterfall effect whereby some individual investors analyze the data and make that analysis publicly available for free, which is then disseminated widely and re-analyzed, spurring more activity. This allows individual investors to help each other, and allows busy working families to be the recipient of aid for free. Working families do not have the resources to buy data and analysis, nor do they have the time to analyze data themselves. Greater transparency has positive effects on investor protection that go far beyond the obvious. The Commission must not remain ignorant of how social media facilitates a protective web of information sharing that protects investors. The Commission must not behave as though they are ignorant of how greater data provision empowers whistleblowers, who extend the Commission’s reach and greater empower it to meet its strategic goals. + +**- Talk about the dangers inherent in long, untracked lending chains**,that can lead to economic fragility. Securities lending activity can hide massively destructive chains of obligation that can even be a threat to national security, and so transparency in this area is more important than it has ever been. The risks associated with reckless securities lending and short selling - highlighted with terrifying clarity following the events of Jan 28 2021, go far beyond any theoretical benefits of secret short selling for “superior returns”. Investor protection comes first. + +&#x200B; + +## Using the SEC’s Own Words + +It is often useful to use the SEC’s own words and arguments to support your own. If they have stated something in the past they generally need to support it in future. You can look at rule [10c-1](https://www.sec.gov/rules/proposed/2021/34-93613.pdf) or rule [13f-2](https://www.sec.gov/rules/proposed/2022/34-94313.pdf)for things to use. Here’s an example: You might say, + +*“the Commission, in proposed rule 13f-2, explicitly noted its awareness of the myriad ways in which short selling can be used to abuse individual investors and working families. In proposed rule 13f-2, the Commission said it is “...mindful of concerns that certain short selling activity can be carried out pursuant to potentially abusive or manipulative schemes. For instance, market manipulators may seek to spread false information about an issuer whose stock they sold short in order to profit from a resulting decline in the stock’s price. The Commission has previously noted various other forms of manipulation that can be advanced by short sellers to illegally manipulate stock prices, such as ‘bear raids.’”* + +&#x200B; + +## Example comment w excerpts (be sure to WRITE IN YOUR OWN WORDS to have a stronger and more impactful comment) + +[https://www.sec.gov/comments/s7-18-21/s71821-307626.htm](https://www.sec.gov/comments/s7-18-21/s71821-307626.htm) + +*When short selling practices occur in the dark and 'current' short sale information is provided long after a position has been entered into, retail investors and the like cannot be aware of the risks that they take on when buying securities. You can understand why this lack of information would represent a problem for all investors, who are expected to invest on incomplete and dated short sale information. I support the intraday 15 minute reporting requirement. The cost and effort involved with this is justified to help in early identification of abusive shorting practices, to reduce the ability of toxic market participants to hide behind loopholes and to attempt to prevent such fraud occuring in the capital markets.* + +*The new rule would also provide any victimised companies a greater ability to defend themselves against predatory short selling, as short selling in the dark harms true competition and price discovery. The enactment of this rule would also introduce the ability for the general public as well as public companies to serve as watchdogs for the SEC as an initial line of defense against abusive practices, by being able to more granularly monitor short selling for securities fraud for those securities they are invested in, helping and strengthening the SEC's ability to fulfil it's mandate and to help weed out market participants that are working against SEC rules, all at no additional cost to the SEC.* + +*I am a strong supporter of transaction by transaction reporting. It is clear that aggregated reporting is not transparent and provides far too much rope where fraud can be hidden in aggregates. Why should one individual or entity have to suffer a worse execution whilst another individual or entity benefits from a better execution, just because it is more convenient for certain institutions to report their short selling practices in the aggregate? It is wholly unfair and contrary to the requirement of best execution and so it should be a mandated requirement for transaction by transaction reporting.* +I calculated how much money I have per day until I’m able to start my new job. It came out to $13 a day, luckily this will only be for about a month until my new job starts, and I’ve already put aside money for next months rent. My biggest concern is, what kind of foods can I buy to keep me fed over the next month? +I’m thinking mostly rice and beans with hopefully some veggies. Does anybody have any suggestions? They would be much appreciated. Thank you. + +Edit: I will also be buying gas and paying utilities so it will be somewhat less than 13$. +Thank you all for helping me realize this is totally possible I just need to learn to budget. +Bought an amazing townhome 3 years ago in Portland for $385K, OR (I lived in San Francisco, CA). Hired an incompetent property manager and didn't fire quickly. Was planning to fire but other priorities took over. Ran into all the major maintenance expenses (roof, siding, drywall, flooring, etc.). The deterioration happened over those 3 years since the original inspection did not reflect these issues. Property vacant for the past 6 months while I fixed the issues, prepped it to be put up for sale and the process. Selling since we moved to a different country last year. Sale price is the same that I bought it at since Portland has not seen much appreciation on townhomes in 3 years and factoring in some buyer credits. + +Lessons from this stumble on the journey to FIRE - + +1. don't ever buy an IP you can't drive to within a couple hours. +2. Do proper IP analysis (Cash on Cash, Cap rate, etc. +3. Pay extra for thorough inspection. + +Feel free to list others folks. + +Edited to 1st thank y'all for the input and 2nd to provide more details based on the comments. + +&#x200B; +My username says it all really, from november 2014 to january 2015 I manually sent $1 worth of Bitcoin to more than 1000 random reddit users (using /r/changetip bot, sadly no longer operational). + +Back then a Bitcoin cost about $300 so I guess I should now change my username to Random170DollarTip ... + +Spent about 2 Bitcoin on this little operation, don't regret a thing! + +Original post from 6 years ago: +https://www.reddit.com/r/Bitcoin/comments/2s9le1/i_have_tipped_1_each_to_1000_people_on_reddit/ + +EDIT: +Added a few comments I got after tipping people. + +"Thank you for introducing me to BitCoin." + +"do people even care about cryptocurrency anymore?" + +"And why??" + +"Cool, thanks! What is it?" + +"Keep your fucking spam in /r/shitcoin, a**hole." + +"That's cool! thanks!" + +"Man, the bitcoin guys are getting desperate." + +"thanks!" + +EDIT 2: +WOW, thank you all for your kind words, I am truly humbled! A quote comes to mind that seems fitting: + +"Give and you shall receive, much more than you ever thought possible. Give and give again. Keep hoping, keep trying, keep giving! People who give will never be poor!” - Anne Frank + + And way to go /u/displaybeats, looking forward to reading your story a few years from now. :-) +So it basically does nothing unless congress forgives that tax. It will be due next year and owing Uncle Sam money is worse than owing money to the mob. Save it in a separate account where you can’t access it easily with an automatic transfer when you get paid. + +Out of sight out of mind. +Today marks the anniversary of the baby sneeze where we all got a peak behind the curtain of corruption, deceit and lies that are the inner workings of the “free market”. + +Having been an investor since early January 2021 it would be an understatement to say what a journey this has been. From what was a simple fundamental value play started by Michael Burry, introduced to ‘the sub that cant be named’ by the legendary DFV has lead to a year of growth in my own personal knowledge around market trading, market structure, fact checking and emotional intelligence. + +None of this would have been possible without the selflessness of so many other shareholders who also like the stock. From those who spend hours writing DD, making memes, scouring SEC forms and even just helping out those baby apes with less knowledge. + +I feel so grateful that I can call myself an ape because I have seen first hand the kindness and generosity that Gamestop shareholders have. As much as there have been bad eggs who have tried to paint a bad picture, from corrupt mods, shills and the just plain ignorant. + +Big thank yous to; + +Papa Cohen + +GME sub + +Jungle + +House of Cards DD + +Glass Castle DD + +GME DD . Com + +The Apes who can’t comment or post yet + +The AMA hosts and guests + +Reverse Repo + +Reverse Repo chart guy + +Diamentehande guys + +Ban Me Guy + +Meme Lords + +ELLIOT WAVES GUY + +Exponential floor guy + +The retired knights of new + +Rick Of Spades and cake guy 😰 + +GMEFloor guy + +Peruvian bull - dollar end game guy + +DOMO + +Crayon Eaters + +Sideways Trading Guy + +Todays the Day guy + +Todays the Day Starfish + +Highway Sign guy - Mr Boost + +Pigeon Facts Guy + +Charles Payne + +Cucumber Girl + +Sock drink guy + +ScrollWheeler + +POTATO_IN_MY_ASS + +Drone guy - MonkeeInTheSky + +Gary Gensler + +Plane Tracker guy + +Option Data explainer guy(s) + +Gherkinit + +HomeDepotHank + +Satori + +Jackie Welles + +GME New York Billboard Guy + +Houston Wade + +2:45 guy + +WetDirtKirt + +SEC + +Dave Lauer + +Computershare Staff + +Dr Trimbath + +DFV + +Atobitt + +PinkCat + +Criand + +Runic Glory + +Rensole + +Mirfster + +Buttfarm + +FridayFlair Guy + +All our mods - old and new + +[This Legendary Diamond Hands Bastard](https://www.reddit.com/user/me/) + +Im sure there are many others so sorry if you’re not coming to mind 🥺 (post a comment and I’ll add them) + +#TLDR; At market close tonight I invite you all to join me from around the world and raise a glass (doesn’t have to be alcoholic) or a joint or whatever to the stock that I like in honour of the journey that shutting the buy button off has taken us on. + + +P.S this is not hydration advice + +. ✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　*　　　　　　   　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　. 　　 　　　　　　　 ✦ 　　　　　　　　　　 　 ‍ ‍ ‍ ‍ 　　　　 　　　　　　　　　　　　,　　   　 .　　　　　　　　　　　　　.　　　ﾟ　  　　　.　　　　　　　　　　　☀️　　. ,　　　　　　　.　　　　　　    　　　　 　　　　　　　　　　　　　　　　　　  　　　　　　　　　　　　　　　　　　    　      　　　　　        　　　 　　　　　　　　　　. 　　　　　　　　　　.　　　　　　　　　　　　　. 　　　　　　　　　　　　　　　　       　   　　　　 　　　　　　　　　　　　　　　　       　   　　　　　　　　　　　　　　　　       　    ✦ 　   　　　,　　　　　　　　　　　    🚀 r/Superstonk　　　　 　　,　　　 ‍ ‍ ‍ ‍ 　 　　　　　　　　　　　　.　　　　　 　　 　　　.　　　　　　　　　　　　　 　           　　　　　　　　　　　　　　　　　　　˚　　　 　   　　　　,　　　　　　　　　　　       　    　　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　　　　　.　　　　　    　　. 　 　　　　　.　　　　 🌑 　　　　　   　　　　　.　　　　　　　　　　　.　　　　　　　　　　   　 ˚　　　　　　　　　　　　　　　　　　　　　ﾟ　　　　　.　　　　　　　　　　　　　　　. 　　  　 🌎 ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ,　 　　　　　　　　　　　　　　* .　　　　　 　　　　　　　　　　　　　　.　　　　　　　　　　 ✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　 + +# #buy #hold #drs + +#GME GO BRRRRRRRRRRRRRRRRRRRRRRR + + +EDIT: This got more traction that i thought it would, so.. +# HERE’S TO OWNING THE FLOAT AND A DEEP FUCKING CHEERS TO ALL OF Y’ALL + +EDIT 2: Mods, some apes are requesting a marketclose thread for them all to toast each other later, can this be done? + +EDIT 3: Mods have proposed, if you want to share photos of drinks at market close then post them here, see you all at market close! + +✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　*　　　　　　   　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　. 　　 　　　　　　　 ✦ 　　　　　　　　　　 　 ‍ ‍ ‍ ‍ 　　　　 　　　　　　　　　　　　,　　   　 .　　　　　　　　　　　　　.　　　ﾟ　  　　　.　　　　　　　　　　　☀️　　. ,　　　　　　　.　　　　　　    　　　　 　　　　　　　　　　　　　　　　　　  　　　　　　　　　　　　　　　　　　    　    �� 　　　　　        　　　 　　　　　　　　　　. 　　　　　　　　　　.　　　　　　　　　　　　　. 　　　　　　　　　　　　　　　　       　   　　　　 　　　　　　　　　　　　　　　　       　   　　　　　　　　　　　　　　　　       　    ✦ 　   　　　,　　　　　　　　　　　    🚀 r/Superstonk　　　　 　　,　　　 ‍ ‍ ‍ ‍ 　 　　　　　　　　　　　　.　　　　　 　　 　　　.　　　　　　　　　　　　　 　           　　　　　　　　　　　　　　　　　　　˚　　　 　   　　　　,　　　　　　　　　　　       　    　　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　　　　　.　　　　　    　　. 　 　　　　　.　　　　 🌑 　　　　　   　　　　　.　　　　　　　　　　　.　　　　　　　　　　   　 ˚　　　　　　　　　　　　　　　　　　　　　ﾟ　　　　　.　　　　　　　　　　　　　　　. 　　  　 🌎 ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ,　 　　　　　　　　　　　　　　* .　　　　　 　　　　　　　　　　　　　　.　　　　　　　　　　 ✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　 + +✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　*　　　　　　   　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　. 　　 　　　　　　　 ✦ 　　　　　　　　　　 　 ‍ ‍ ‍ ‍ 　　　　 　　　　　　　　　　　　,　　   　 .　　　　　　　　　　　　　.　　　ﾟ　  　　　.　　　　　　　　　　　☀️　　. ,　　　　　　　.　　　　　　    　　　　 　　　　　　　　　　　　　　　　　　  　　　　　　　　　　　　　　　　　　    　      　　　　　        　　　 　　　　　　　　　　. 　　　　　　　　　　.　　　　　　　　　　　　　. 　　　　　　　　　　　　　　　　       　   　　　　 　　　　　　　　　　　　　　　　       　   　　　　　　　　　　　　　　　　       　    ✦ 　   　　　,　　　　　　　　　　　    🚀 r/Superstonk　　　　 　　,　　　 ‍ ‍ ‍ ‍ 　 　　　　　　　　　　　　.　　　　　 　　 　　　.　　　　　　　　　　　　　 　           　　　　　　　　　　　　　　　　　　　˚　　　 　   　　　　,　　　　　　　　　　　       　    　　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　　　　　.　　　　　    　　. 　 　　　　　.　　　　 🌑 　　　　　   　　　　　.　　　　　　　　　　　.　　　　　　　　　　   　 ˚　　　　　　　　　　　　　　　　　　　　　ﾟ　　　　　.　　　　　　　　　　　　　　　. 　　  　 🌎 ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ,　 　　　　　　　　　　　　　　* .　　　　　 　　　　　　　　　　　　　　.　　　　　　　　　　 ✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　 + +✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　*　　　　　　   　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　. 　　 　　　　　　　 ✦ 　　　　　　　　　　 　 ‍ ‍ ‍ ‍ 　　　　 　　　　　　　　　　　　,　　   　 .　　　　　　　　　　　　　.　　　ﾟ　  　　　.　　　　　　　　　　　☀️　　. ,　　　　　　　.　　　　　　    　　　　 　　　　　　　　　　　　　　　　　　  　　　　　　　　　　　　　　　　　　    　      　　　　　        　　　 　　　　　　　　　　. 　　　　　　　　　　.　　　　　　　　　　　　　. 　　　　　　　　　　　　　　　　       　   　　　　 　　　　　　　　　　　　　　　　       　   　　　　　　　　　　　　　　　　       　    ✦ 　   　　　,　　　　　　　　　　　    🚀 r/Superstonk　　　　 　　,　　　 ‍ ‍ ‍ ‍ 　 　　　　　��　　　　　　.　　　　　 　　 　　　.　　　　　　　　　　　　　 　           　　　　　　　　　　　　　　　　　　　˚　　　 　   　　　　,　　　　　　　　　　　       　    　　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　　　　　.　　　　　    　　. 　 　　　　　.　　　　 🌑 　　　　　   　　　　　.　　　　　　　　　　　.　　　　　　　　　　   　 ˚　　　　　　　　　　　　　　　　　　　　　ﾟ　　　　　.　　　　　　　　　　　　　　　. 　　  　 🌎 ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ,　 　　　　　　　　　　　　　　* .　　　　　 　　　　　　　　　　　　　　.　　　　　　　　　　 ✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　 + +#Cheers to you all here at market close + +Post photos (imgur links?) of you toasting those above, whether it be alcohol, coffee, milk , water, weed, or even an empty diamond hand 💎 + +Post cheers in your comments in your languages and also to each other, and also for the apes that cant comment here. + +Thank you all for getting involved! + +#HERE’S TO OWNING THE FLOAT AND A DEEP FUCKING CHEERS TO ALL OF Y’ALL! +I have a feeling I have misunderstood economics: If my business starts doing really well does that mean someone else is losing customers to me and suffering? Or does the economy more or less stay the same because I’m now buying more things? Thanks. + +EDIT: I'm grateful for such thoughtful posts - given me things to think about. +Hello IndiaInvestments, + +My dad is a farmer, we will make on average around 7-8 lakhs a year( not consistently each year though). This amount is non-taxable. The money so far has been vastly wasted on liabilities, like home, furnishing, etc. + +1.Our family members don't have health insurance of any sort. Our family has a cash reserve of around 12 lakhs. My parents' ages are 55 and 48, and for such ages, the health insurance premiums available in the market, as much as I gathered, are significant compared with our annual income. I have planned to take care of my health insurance by myself. So, I would like to hear your suggestions on managing funds for the healthcare of my parents. + +2.Unfortunately, my dad was deceived into a LIC Jeevan Anand plan and has paid for 3 term premiums so far. He has been paying 1.5 lakhs per year on that policy. I am considering stopping that policy and convert into a paid-up plan. I would like to divert that amount into moderate risk moderate return elements. Ideally, as a total, we will have around 5-6 lakhs per year for us to invest. We won't be needing that money for at least 7-8 years from now. I would like your suggestions on appropriate investment elements and strategies, which will likely provide >14% CAGR or XIRR. + +3.I don't know if I have asked the right questions, so kindly add if there are any critical considerations that I might have left unaddressed. + +As a final note, I have been exploring for few months around with many mutual fund plans, Marcellus investments, Stocks, Sovereign Gold Bond, etc for finding out suitable investment elements for us. But, now I find myself overwhelmed and confused without having any solid decision been made. So, I will very much value your educated opinions and guidance. Hence, I kindly request those who are able, to provide such guidance. + +&#x200B; + +Thank you very much, if you have read this far. Wish everyone to have a colorful and wonderful life. +On mobile, etc etc... + + +Last year, my husband and I bought a duplex (both sides, built 1970s) for $630k. Our original plan was to use the income from renting the one side while we lived on the other side, so that we’d lower our mortgage and be able to save up for another down payment quicker. Our goal was to then move to a single family in five years, not sell the duplex, but just then rent out both sides. + + +The problem is this- in the past year we have owned the house, we’ve barely broken even as far as costs vs rental income. From replacing an outdated AC unit, a leak in the siding during a big rainstorm, the minor fixes needed on our tenant’s side, a busted main water line, another plumbing issue in the kitchen...we’ve spent more than what we’ve been able to save and it doesn’t seem worth it. + + +However, because we are in a hot real estate market, the house is now at an estimated value of $715k. This last plumbing surprise got us feeling like we didn’t want to put up with another 4+ years dealing with whatever crops up. It’s clear to us that the previous owners did not do much to upkeep the property, and we’re probably in for more surprise fixes down the road. We could feasibly sell this place and roll the equity into the down payment for buying a new construction, single family home between 400k-500k, and hopefully not have to deal with huge fixes for a while and give us time to rebuild our savings. + + +So our question is- do we get out now, or stick to the original plan? Are we calling it quits too early? Or should we bail before we get further into a sunk-cost fallacy line of thinking? +My girlfriend is selling an old prom dress for $100, she got a call from what seemed like a nice older woman, who wanted to buy it, but she needed her to hold it for her until this weekend, in exchange she said she would pay an extra $70. The woman said she would have some relatives coming into town to pick up the dress. So far so good. + +Then today my gf got a check from the woman for $1,980, much more than the agreed $170. The dress itself was bought new for $400. I wondered if the woman mistakenly added another zero. So we called the woman and sent her a picture of the check asking if the check was correct. The woman said that it was correct and she wanted to give her a little extra for her trouble. We haven't even given her the dress yet. + +I think the woman still could have made a mistake and still hasn't noticed. Or maybe the check will bounce, but then why did she send the check before she got the dress? + +My gf thinks that woman's "relatives" could come to kidnap her. + +My mom thinks we should cash the check at a check city so that we can get it in cash without any bank information being involved. + +Is this some sort of scam? + +EDIT: We called her back and she said $1,800 is for the movers, aka family members that are picking up the dress. +Early 40s woman, one child, nw of $8 million (self made, from lower middle class background). How do you find like-minded people with similar assets and goals without attracting gold diggers? I don't live super conspicuously with wealth so someone meeting me would assume I do well but not as well as my bank accounts reflect. Was married 15 years. +> U.S. oil production jumped to 11.6 million barrels a day last week, a fact that will not be lost on OPEC and its partner Russia when they meet over the weekend. + +> An OPEC and non OPEC committee meets in Abu Dhabi and while ministers will not take action they could recommend a cut in production. + +> U.S. production now surpasses that of both Russia and Saudi Arabia, which ramped up ahead of expected U.S. sanction on Iranian crude which took effect this week. + +https://www.cnbc.com/2018/11/07/us-pumps-more-oil-than-russia-and-saudi-arabia-opec-could-strike-back.html +AND TODAY I GOT A JOB OFFER FOR 12K A YEAR MORE THAN IM MAKING NOW! + +it's still a relatively modest salary but it's going to change my life. I should be able to pay off some credit debt then start saving. I can breathe. You guys... we can do this! +You can see it all over reddit, twitter, youtube and any other social media. + +There are people that have been trading for a few months that don't even know how to read an income statement or what is market cap, that suddenly sell themselves as experts and do what they believe to be sohisticated securities and market analysis, when in reality they are just glancing at a few lines on a chart or some text they don't understand and using it to confirm their bias. They live in this populist made-up reality where the world owes them something because they are oppressed and they are convinced that they predicted a global financial collapse when in reality they are just being played by market makers and heavily indebted companies that are trying to save themselves raising capital by issuing new shares. + +Then there's the crypto blokes, that know blockchain so well they probably never actually used it. They can't even recognize that all these coins including the big ones have almost zero use cases. You think these tokens are really going to become money, even with scalability problems that have remained unsolved for decades and a market that is easily maniuplated by falsely backed stablecoins issuers and a few exchanges? Do you actually believe these charlatans when no serious economist has ever said anything good about it? + +Even the guys and gals that are supposed to teach the average user personal finance just follow this mantra of buying and holding NASDAQ ETFs like they're the holy grail of investing, even if we are almost at an historic all time high in terms of valuations, even if everybody has forgotten that stocks are risky: I would like to see these people deal with crashes like 2000, 2009 or even with something similar to Japan. But of course, intrinsic value doesn't matter, right? Trying to value a stock like a bond is for boomers, we'll have endless growth. Let's price in the next centuries of earnings into every EV company. + +I honestly have to think that there is a good part of people that don't actually believe the narrative and just goes along with it to speculate and sell his bags to a more naive investor. That's why everyone, -and I say EVERYONE **including institutions**\- scouts this website everyday just to find out what the next meme is going to be. "What's the next worthless thing retail's going to pump this week? Just so I can get quickly in and out before it collapses" ... since it's backed by zero fundamentals. It's a toxic and disgusting and opportunistic behaviour and it's a clear symptom of the presence of specuative fever in the markets. I'm not saying everything's necessairly a bubble, because prices could keep going up for years. But you have to recognize that animal spirits are through the roof. I can condone it, but at least I acknowledge it. +So with my luck.. I was forced to close out all my NET cash-secured puts and SPX cash-secured puts (Well technically not cash-secured.. I messed up).. Anyways, I got a margin call at 12:14 EST today, I was given five minutes to liquidate my positions or the broker would do it for me. I immediately closed all my positions.. The carnage is as follows: I lost 95% of my account in one trading session. I started the day at about $35,000. I have $1,394.29 in my account after liquidating all my positions. This is after depositing $10,000 from my savings into my account. Thought I'd share the experience. The worst part of this all? I WOULD HAVE GOT ALL MY MONEY BACK IF MY BROKER DIDN'T FORCE ME TO LIQUIDATE. +Posted this on a FB group last Friday. I'm going to offer an opinion that differs from the HODL. That's not to say I'm not going to buy back in, but it's hard to take away from Reddit's bubbled crypto subreddits, whereas "everyone" has the same hive mind mentality. Here's one that's not. Anyways. + +I sold out. =\, Today's movement (+) I don't think is sustainable. I think everything is at systemic risk right now. Unlike before, this is a global sell off, and not just a concentrated one (coupled with next weeks stock action). + +People understand Mt Gox happened. There is billions tied to this market, so that is also going to put a stop on buys for awhile. + +The hype is dying down. People aren't getting crazy moon gains, so less people are wanting in, collectively. People are getting burned by the crazy price swings - so all the grandmas, aunts and uncles who got in Dec, sorry for your loss. There was a ton of ignorance from people that came in from Dec as well. + +Further, there is a systemic risk, and it starts and stops with the exchanges. I know I keep touting this horn, but I think Bitfinex sort of fucked this entire market with monopoly money. + +I don't see the market immediately recovering. A modest bump, but then back down again. At best I see Eth getting to and staying sideways $1300 for a month. At worst, $450-500. It really depends on how people treat this market, and what the hell the SEC is going to do with Tether. This is going to be a long played out process. I could be wrong, so I will stay humble. + +Psychology has alot to do with it, and with each passing day - people find out more and more about this market. + +Edit - I was forntunate to begin making the vast majority of my sales Dec31-Jan14, before everything went kaboom. I still have about 30 in the market. In VEN. Just incase anyone is wondering. **I don't want to see people burned, just because they took Internet advice from a collective group of strangers.** + +Edit 2 - **I've seen this hive mind mentality before with Wall Street Bets, /WSB/ and AMD stock. Moon moon moon. No, it didn't go to the moon.** It crashed, and its just gone sideways ever since everyone jumped on it via Reddit - and said 'hodl'. From $15.50 to $9.00. In that time, Intel (and nVidia*) has outperformed AMD's stock. Lisa Su memes, everywhere. That is this, all over again. + +Edit 3 - **Even the top post in this subreddit, is Leonardo DiCaprio saying he aint going the fuck anywhere. XD. Its the top post. Do you know from that meme, how many people are actually going to subconsciously follow that advice? It's sad.** If Facebook interferred in our election, Reddit is a transference of that same viral-attitude to get quick rich scheme. + +Edit 4 - While we like to stick to Crypto, just be aware of what's happening in the broader markets as well. https://www.marketwatch.com/story/buckle-up-this-ultimate-bear-chart-signals-a-pivotal-moment-for-investors-2018-02-05 + +I did find this quote to be cynical, funny (unforntunately relevent) at the same time. + +“Bull markets don’t die from old age,” says Guggenheim Partners CIO Scott Minerd. “They typically get shot in the head.” + +I’d be interested to see if anyone familiar with the fund can convince me otherwise. Keep in mind: we’re analyzing from the POV of a young person (mid-20s) with an above average risk tolerance. + +Even if your ultimate goal is high income, you’d be better off investing in growth until the moment you want to retire and then moving your capital gains into QYLD as compared to reinvesting QYLD dividends along the way. + +While I’m here, I can’t imagine that QYLG is a good product for any sort of investor…it straddles a middle ground between 2 completely different strategies. +I’ve gotten big into buying LEAPS since I learned about them earlier this month. But every post I’ve read and video I’ve watched discusses BUYING them. So who exactly is selling them? +Our number was 5M, but decided to move the goalpost to 7M after seeing the sentiment that 5M is the poor end of fat and should have more buffer. Well, in the last 4 months, we went from 5 M to 7M. Bulk of the 2M gain 90% of it is from the stock market, really lucked out in catching some strong stocks making a run up; Not BTC nor GME. I doubled down in Nov using margin loan to up the game, it worked out. I need to unwind some of the positions now and deleverage. + +It feels strange to hit the new goal so fast. My spouse feels relieved and looking to call it a day sometimes this year to pursue a long time hobby. I will probably work a year or more and then pivot to spent time with family before parents get too old and kid off to college. Our annual spending post tax is 150K. 7M excluded property which is 1 M. 2 out of 7M is in retirement account. + +One observation is that savings seem to snowball parabolically. It was a few years back where I felt it will be a many many years before we can retired. Spouse and I are in tech and are pulling in 1.3M this past year with more upside, transition to FAANG in recent years definitely accelerate the path, but the stock market definitely takes the trophy in acceleration. + +Another observation is that due to having too many accounts, it doesn't feel real that we have 7M because individual accounts are small in size and only when summed together we see 7M. + +It feels weird to think about walking away from our jobs inspite of fantasizing about it often. We enjoy our jobs; both engaging and pay well, but 9-5 schedule very draining and leaves little energy to do other things. When we feel tire and having little energy that's when retirement feel compelling. + +Hitting our goal came too fast, feeling amazed and wanting to share with all ya like mind folks since can't share this in real to life. 😂 + +Any advice or story, please share. + +Edit/ we are in early 40s +**The Bonfire has been lit.** + +This coin has absolutely crazy moon potential. + +It's a community-owned token. Rug-pull proof **(ownership-renounced, liquidity burned)**. + +It has hit up to **$23M** in just three days + +Only three days old, the community has responded in turn already **paying for a PooCoin ad** and are currently looking at **getting a billboard in Times Square**. Seriously, they got a quote for $5k already. + +It's still super early, and has potential to go up to $100M market cap by **TOMORROW.** + +Dips are eaten so quickly and there is so much traction. + +I got my bag. Will you? + +Sitting by the comfy bonfire ;) + +Website - [www.bonfiretoken.co/](http://www.bonfiretoken.co/) + +Telegram - [t.me/BonfireTG](https://t.me/BonfireTG) + +PancakeSwap - [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) + +Chart - [https://poocoin.app/tokens/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://poocoin.app/tokens/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) + +Our own subreddit - [https://reddit.com/r/BonfireToken/](https://reddit.com/r/BonfireToken/) + +Twitter - [https://twitter.com/token\_bonfire](https://twitter.com/token_bonfire) + +BSCScan: [https://bscscan.com/token/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://bscscan.com/token/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) +***Personal Finance Rules for Being an Effective ETH (or any Cryptocurrency) Holder*** + +Before I was an ethtrader (*read ethholder*), I was (and still am) a Boglehead. If you don't know what [Bogleheads are](https://www.kiplinger.com/article/investing/T030-C009-S002-investing-lessons-from-vanguard-s-bogleheads.html), we are personal finance nerds who live relatively frugally and work to achieve solid investment returns, while minimizing costs and managing risks. We are named after Jack Bogle, the founder of Vanguard who pioneered low cost index funds. + +In my time as investor, I can count on *no hands* the number of people I know who "got rich quick" (and actually held on to the money), because it is zero. Becoming rich isn't just about making the right investment calls, it's about having the right mindset and secure financial position to build wealth over time. + +**Based upon how emotionally some react here to relatively minor price movements (or no movement), I get the sense that some people have dramatically overextended themselves to buy crypto.** This is bad for the individual, but also bad for all of crypto. It will exacerbate wild price swings and could tarnish crypto's image if there is a crash. I can't stop everyone from doing stupid things, but I can give you guys my advice. Take it or leave it. + +People who are overextended tend to make very stupid financial decisions when put under emotional duress, *and they often significantly underperform the market.* This is not just an issue of personality- this is *an issue of personal financial security and stability.* If you are insecure in your financial position, you are more likely to do something really stupid at exactly the wrong time. We've all been in that position before, but the question is how do you remove yourself from it? + +**Here are some questions to ask yourself. If you answer yes to any of these, then I would say you are very likely overextended in your crypto position:** + +- Do you NOT have a solid cash position in a savings account, to pay for at least 3 to 6 months expenses? +- Do you NOT hold any other investment assets besides crypto (like lower risk stocks and bonds)? +- Are you NOT saving for retirement outside of crypto? If crypto went to zero, would you be forced to retire at a later age than you have planned for now? +- Have you borrowed any money to buy crypto, even from low interest sources like home equity (*really terrible* idea, by the way)? Do you have any debt beyond your mortgage and student loans, either revolving (such as credit cards) or on depreciating assets (like big car loans)? +- If all of your crypto went to zero, would your lifestyle be negatively affected? Could you still pay your bills? Would you be put in a position where you would need borrow money or sell other assets to make ends meet? +- Are you concentrated in too few coins and does that make you nervous? (Note: At this moment, I am nearly 100% ETH, but it doesn't make me nervous. Because I answered "no" to all of the questions above, I can afford this risk.) +- Have you FOMO'ed in the recent past between coins? Do you think you'd be susceptible to doing it again? + +**If you answered "No" to all of those questions, then it really doesn't matter how much of your net worth is comprised of crypto.** Crypto has become a fairly substantial percentage of my net worth, but it's all gravy, and I can literally afford to lose it all. I wouldn't be happy, but I wouldn't be ruined. From a net worth perspective, I sort of pretend it does not exist. This gives me the stability to make smart, rational decisions, instead of emotional ones. + +**If crypto is a substantial percentage of your net worth, AND you answered "yes" to any of the questions above, then you could be in a risky, insecure position, where you are more likely to make really stupid decisions around your crypto investments and everything else related to your personal finances.** *If I were in that position, I would consider selling enough of my crypto so I could answer "no" to all of those questions.* It might not matter today, and it might not matter tomorrow, but one day it could (be it due to an unexpected rise or crash that you are not ready for). + +This mindset has also allowed me to participate in an amazing run-up in ETH, without feeling like I "have to sell." I can let this ride for a long while and let this mega bull market work for me, instead of me working for it. + +**In matters of personal finance, I always believe that it is prudent to be prepared for a worst case scenario. Manage your risk and your exposure, and you will be in a better position to make smart investment decisions.** If you do this right, you might not be rich tomorrow, but you very well could be in 5 to 10 years. And you will probably sleep better at night. +I can't be the only one who's tired of having literally 4/5 articles in the news feed on my Yahoo Finance watchlist be clickbait bullshit from Motley Fool. +Preferably one that's more story-like narration. I've been listening to some podacats that talk about the 2008 crisis, dot com bubble and really enjoyed those and would love to listen to a podcast where that's the kind of thing they talk about. +I am new to Economics, studying it in college, first year. So while studying I had this thought - doesn't knowing Economic theory change the Economic theory itself since people will apply it? Like, for example, an economic theory says individuals will take X decision and this will lead the market to behave in Y way. What if more and more people starts knowing Economics and starts to avoid taking that decision X leading to a different market behaviour than predicted by Economics? + +I just found this new thing called 'investment banking' where these 'investment bankers' help corporations and governments get capital. I assume they do it by knowing economic and finance theories, right? So these economic theories help them anticipate some stuff like prices given certain models of how people will make decisions, right? What if these people know Economics and therefore knows what these investment bankers will know and therefore change their behaviour in advance? And what if investment bankers know that people know Economics and change their models accordingly? And what if people know that these investment bankers know that these people know Economics...and so on?? It seems to be an infinite paradoxical situation! I maybe wrong about investment bankers (I don't actually understand what they do) but my question equally applies to firms who apparently hire economists and analysts to help them make decisions, and other such situations. Do the advanced economic models created for banks and big institutions take into account people knowing Economics? + +I can imagine that a world where people don't understand Economics maybe different than a world where everyone understands Economics. The decisions taken by firms and people will be completely different. So how do people like analysts count, if they do it at all, the number of people who will take decisions based on knowing Economics? + +P.S. - I come from a Physics background mostly. In Physics, you can't change the Laws of nature like F=ma or Coulomb's Law or Laws of thermodynamics, so we never took into account what humans do or know since it cannot change the way particles or materials behave. But Economics, being a 'social science' seems to have the possibility of being affected by the knowledge of itself. +Hopefully this isn't considered spamming because mods from r/cc removed my post over there. Interested to see what other people's picks for 2018 are! + +If you thought 2017 was a ripper year for crypto, I think you're in for a big surprise in 2018! I'm not a serious finanical investor nor a professional giving advice but I wanted to share a few projects I'm excited for moving into 2018. Please follow up on this post by doing your own research and I hope you come to some of the same conclusions I did. + +I get quite a few people PMing me asking me to share how I decide to invest in a coin. I use a rather strict methodology to ensure I only invest in future-proof technologies. It also means the coins I invest in will be more likely to survive dips and bear markets. + +**My methodology** + +I think the most important rule is to not chase pump and dumps. Research every coin that you think has potential and make decisions from there. + +Personally I only invest in coins with: + + * Solid and usable technology + + * Clear future use-case + + * Transparent researchable team + + * Evidence of active GitHub or code or working product + + * Token has value within the project (inherently part of the ecosystem) + +If a coin is missing one of these characteristics, it needs to be super strong in another field to make up for it. Honestly the biggest gains I have made are the projects I researched thoroughly, believed in and then HODLed, even through all the dips. + +**Core picks** + +These are the projects I believe have proved themself worthy of the long hold. I liken them to bluechip shares, they will hold (relative) value through dips but still have the potential to increase exponentially with adoption. + + * **[Raiblocks](http://wcibtc.com/xrb)** - Rai does one thing, and one thing well: fast and free transactions. It is honestly the perfect currency. The only know issue currently is potential spam attacks but the devs say they are working on this. It currently lacks data storage and smart contract functionality, but that can all be added later through different layer solutions. Really excited for this one! + + * **[IOTA](http://wcibtc.com/iota)** - DAG based data-network build for machine to machine transactions where you complete proof of work for 2 other transactions before yours is processed. People also seem to forget that IOTA software is only half of the picture; The IOTA devs have been working on processor hardware that can complete proof of work at a machine level. Expect big things of IOTA in the next few months as they ramp up annoucements. + + * **[Monero](http://wcibtc.com/xmr)** - The best privacy coin. As long as everyone is able to see all your transaction and wallet history, crypto will never be suitable for real-world adoption. Monero is tackling this problem head on. + + * **[Factom](http://wcibtc.com/factom)** - A token which builds off other blockchains to store financial contracts and data. Multiple grants from Dept of Homeland Security and Bill & Melinda Gates foundation. Working with Linxens (one of the largest RFID and passport manufacturers in the world) on Smart Identity products. They already have multiple Fortune 100 customers that will be annouced in Q1 2018 who are already implementing their products. + + * **[OmiseGo](http://wcibtc.com/omg)** - Finance and payment provider. Once they launch their own blockchain in 2018, all their current transactions will be routed through it with portions of the dividends being paid to OMG holders. + + * **[Binance Coin](http://wcibtc.com/binance-coin)** - Binance is now the number one altcoin exchange in the world. Their token is used to lower fees and they have been burning them to lower supply. With a limited number of tokens and the exchange traffic increases, the price of BNB tokens will be a good litmus test of the crypto environment. + + * **[Request Network](http://wcibtc.com/req)** - Full suite of auditing, finance and payment software powered by the blockchain. They launched their testnet on the Rinkeby Ethereum testnetwork the other week and it is absolutely fantastic. It will eventually expand to include other cryptos and fiat. One of my most exciting and promising holds. + + * **[Neo](http://wcibtc.com/neo)** - Smart contract and do-it-all platform. Often refered to as chinese ethereum with good reason. NEO has a huge developer community and HongFei has tweeted recently about being in talks with the Chinese government to provide a standardised platform to stick to their regulations. Perfect vehicle for Chinese capital to flow into the crypto ecosystem. + + * **[Stellar](http://wcibtc.com/xlm)** - Partnership with IBM speaks more then I can shill. A solid project + + * **[Ethereum](http://wcibtc.com/ethereum)** - Ever taken a glance over the top 300ish coins and realised how many of them are ERC20 Ethereum based tokens?Ethereum will flourish in 2018 as more DApps are released. Can't go wrong with Ethereum + +**Volatile picks** + +While I wouldn't consider these picks risky by my methodology, they lack the long term credibility and are probably more prone to volatile behaviour. Higher volatility means higher potential gains, but higher chance of loss. + + * **[UTrust](http://wcibtc.com/utrust)** - Payment platform system with the world's first inbuilt cryptocurrency consumer protections. If you missed REQ, now is your time to get in at the ground floor. Huge team and looks very solid. + + * **[Chainlink](http://wcibtc.com/chainlink)** - Decentralized oracles for linking real world applications with blockchain applications. I know 4chan has shilled Chainlink to death but if they can deliver what they promise it will be a top 20 coin. + + * **[Quantstamp](http://wcibtc.com/quantstamp)** - Smart Contract auditing. Token holders also receive a free airdrop of every smart contract they audit. Backed by Ycomb. Ready to pop! + + * **[Bounty0x](http://wcibtc.com/bounty0x)** -A decentralized bounty hunting platform enabling anyone to manage bounty programs, and bounty hunters to receive payment for completing bounty tasks. Already have a working product and have gained some notoriety for hunting down the EtherDelta hacker. Solid concept and very low marketcap currently. + + * **[Horizon State Decision Token](http://wcibtc.com/decision-token)** - Australian startup focusing on providing a immutable polling and election results. One of the best uses of blockchain technology I have ever seen. They already have their product integrated in MiVote and are launching fully next year. + + * **[Eidoo](http://wcibtc.com/eidoo)** - A managed wallet with identity addons. Fantastic team and very professional looking. + + * **[Modum](http://wcibtc.com/modum)** - Real time tracking for (legal) drugs in Europe. Credible team and has a working product. A solid pick that will see more attention as it's real-world roll-out starts + +Happy new year 2018! +Sonar broke records over records today and hit a ATH of 22m+ +Celebrate with us as we are hosting a giveaway influencer contest for 500k $PING.💰 +We are also happy to announce that Healthy Pockets will do a full review on us.🙌 + +The Sonar Platform is a multi-chain analytical tool, which presents its users with an interface that tracks social network/influencer trends, vets contract code, price charts, creates price action alerts, executes orders, as well as feature other innovative and unique solutions, including the implementation of artificial intelligence for investments. + +The Sonar Platform intends to serve as a crypto analysis one-stop-shop and provides users with all the necessary tools and information need to make smart investment choices and to reduce the likelihood of traders falling for rugpulls and honeypots. + +🕙Incorporation in progress +🕙Uniswap listing in progress +🕙Product demo coming soon + +✅ Techrate audit complete +✅ Listed on CMC +✅ Listed on CG +✅ Doxxed Founders Team +✅ Real Use Case (Utility alt coin) +✅ Q3 Roadmap complete in 1 month + +**Sonar Token ($PING) Distribution:** + +✅Wallets locked in a multi-sig vault✅ + +\-Total Supply: 4,000,000,000 +\-Team Tokens: 4% (Vested monthly) +\-Development/Marketing: 4% + +**Transaction taxes:** + +💰 3% tax to Liquidity Pool to create a stable price floor +🤑 2% tax to Redistribution +👨‍🔬 2% tax to Sonar Innovation Lab Wallet +👨‍💻 3% tax to Sonar Marketing and Development Wallet + +Socials: + +✉️ Telegram: [https://www.t.me/sonar\_official](https://www.t.me/sonar_official) +📷Instagram: [https://www.instagram.com/sonar\_token/](https://www.instagram.com/sonar_token/) +🐦Twitter: [https://www.twitter.com/SonarToken?s=09](https://www.twitter.com/SonarToken?s=09) +⭕️Reddit: [https://www.reddit.com/r/sonarplatform](https://www.reddit.com/r/sonarplatform) +🎮Discord: [https://www.discord.gg/7kuNHxZeCP](https://www.discord.gg/7kuNHxZeCP) +🎥Tiktok: [https://www.vt.tiktok.com/ZSJ9oBTDo/](https://www.vt.tiktok.com/ZSJ9oBTDo/) +📽Youtube: [https://www.youtube.com/channel/UCixkuolcOuQdEnn80E-tyew](https://www.youtube.com/channel/UCixkuolcOuQdEnn80E-tyew) +👫Facebook: [https://www.facebook.com/Sonar-Token-107371881570425](https://www.facebook.com/Sonar-Token-107371881570425) +🌐 Website: [https://www.sonarplatform.io](https://www.sonarplatform.io/) +Howdy Ausfinancers, I’ve been noticing a slow rise in companies getting people back into offices - coupled with LinkedIn posts from corporations, painting a picture of excited anticipation by employees on not having to work from “home offices” anymore. + +In my view, these kinds of rhetoric paint a heavily biased, one-sided view of a subset of employees that prefer working from an office as opposed to working from home. I’ve heard a lot of anecdotal reasoning indicating that a big drive for the return to office is stimulating the economy of small businesses in the CBD. + +I’m interested in knowing the opinions of this subreddit regarding the above - while I understand the economic benefit of having more people in the city, is the onus really on us to supplement small business economy in cities as opposed to locally/ regionally? Is the overarching sentiment favouring a return to offices, or is this a corporate agenda? + +My take here is - Corporations painting a picture that employees prefer the commute/ return to office smells eerily like propaganda to me, and I don’t agree with having to travel to the city to support small businesses when I’m much more productive and happy working from home, and being a regular patron of local small businesses for my morning coffee and lunches. + +TL;DR - how keen are you all to return to offices, and how much responsibility do you feel you owe towards supporting small businesses in the city by giving up WFH privileges? What’s your take on the rising corporate messaging re: the return to office? +Afternoon everyone and Merry Christmas, + +I'm going to keep this post semi-vague to keep in line with the subs rules. I've been a lurker for a while. This post is actually for my dad, who long ago FIRED, but is not on Reddit. I'm just looking for advice for him. + +My dad was formerly a broker aka salesman of various goods (import/export) and later real estate. He has a very good career and hung up the gloves 10 years back. + +Recently a very close friend of his asked him to join his new company that has apparently taken off since NFTs have surged. As far as I can tell from the website, the company is essentially a NFT broker. It's not an exchange, not a marketplace, etc. They just connect buyers and sellers of very expensive NFTs. + +My dads role would essentially be Chief Marketing Officer (CMO), more so focusing on client acquisition. It sounds like a pretty small shop so he would have to wear a few hats related to marketings/sales etc. Nothing he hasn't done before. + +If my dad were to make the jump, he would probably spend 3-6 months learning about Crypto/NFTs, so he is hesitant. The friend offered him 50K to study if he feels he can get the confidence to pitch people, which is not that much $ to him, and while he can learn a lot in that time, I'm trying to sway him out of it because I think it's going to much harder than his friends makes out to actually get clients. My dad was successful in sales, but has been out of the game for a decade. + +So my question for you, or for those that you know who are high net worth, how have you actually gone about acquiring NFTs? Example being did you just log onto a marketplace and bid and buy, or did you tell your FA to put $ into X and make the deal happen, etc. This may not be the best place to ask as most of us are tech-savvy, but all info would be helpful. Thx. + +EDIT: Thank you everyone! Every time I post here, I always get a great response. I showed this to my dad and he said, "Back in Recession my partners and I took out an option on some land that everyone said was worthless. Two years later when five-over-one took off, we sold for millions." +**I should add this venture is focused on NFTs related to real estate, ex. Decentraland, Sandbox, etc.** +That being said, we both remain skeptical. I have next week off of work, so we are both going to spend a few days reading through some of the links people provided. Please feel free to drop me a DM if you have more thoughts or want to talk further. Again, I really appreciate all of the advice. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](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. + +*** + +Thank you in advance for your participation. Enjoy! + +Weird thing happened to me recently... + +I received a call from visa asking if I had recently made some large purchases . I replied "no I haven't ". + + +**The charges:** + + +$5000 ( triggered fraud alert) + + +$800 (went through, iPhone on contract maybe?) + + +$800 (went through) + + + + + + + + +The bank then told me someone just called them pretending to be me and my card was compromised. + +A week later I get two packages in the mail. I open them up, Two 256gb iPhone X's. One silver, one black. + +**I'm guessing this is what happened:** + +1) The fraudsters were testing the waters with the iPhones before they made the big purchase. + +2) They were hoping to intercept the package . + +3) They just messed up. + + + +Anyone have this happen to them? + +**Edit :** + +- Yes the charges were reversed. + +- I still have the phones + +- I'm going to contact visa about what to do. + +- I don't have kids + +- Not on any medications / wasn't drunk + +- Getting a lot of messages about people wanting to buy them. Im going to try and return them. They're not for sale :P + +- I don't need legal troubles. I highly doubt they won't come looking for these phones. + +- My apartment doesn't have gas. (carbon monoxide poisoning) + +- What the frick? + + + +**Wow front page! , Thanks everyone for all of the responses. Helps a ton!** + + +**Update 3:00pm PST:** Talked with visa & credit security agent. They told me they don't deal with the packages / returns and that I should contact the merchant/cell phone provider. I am going to be contacting the credit bureau in the morning as well. + + +**Update 4:00pm PST:** Currently on the phone with cell phone provider. Closing any accounts the fraudsters may have opened. + + +**Update 4:30pm PST:** Talked to the cell phone provider. No account was created under my name and they can't trace this purchase to me because I don't have an account. They told me I should just wait and see if they contact me again. They said they can't accept any returns because I need an account number (which i don't have). + +**Update 5:00pm PST:** Just realized something... the address it was sent to is a number off. My address ends in a 2, the slip ends in a 4. It does have my name on it etc. It got to my house because the delivery guys know our last name most likely. The plot thickens. I do have new neighbours , but I don't think they could pull this off. Super strange. + +**Update 6:00pm PST:** Just checked, the address ending in 4 isn't the new neighbours, they're my other neighbours, and they're pretty old. I don't think I'm going to get much more info on this. I'm thinking I'll wait for a while before I consider the phones mine. I don't want to open it and then get charged for it. They may even be deactivated from Apples side anyways. I'll open one after one month. + +**Update 6:17pm PST:** Proof https://imgur.com/a/lVKWF + +**Update (next day) 12:20pm PST:** +I just called credit bureaus. The fraudsters tried to make cell phone accounts in my name. For some reason the cell phone provider couldn't find my name on file. It's officially identity fraud at this point, and there will be an investigation. If anyone is in Canada and this has happened to you, please call your bank as well as the following numbers. + +**Equifax** + +1-866-205-0681 + +**Trans Union** + +1-800-663-9980 + +**Canadian Anti Fraud Centre** + +1-888-495-8501 + + +Funny thing just happened. Trans union gave me the Canadian anti fraud number, and I mistyped it. I typed 800 instead of 888 and it went to a sex line. For a second I thought I had been elaborately scammed and all of the people were it on it, then I realized the mistake. + + + + + +*As crappy as this situation is for my identity. Reddit has made it pretty fun. Thanks again* + + +Don’t ever let the noise or market conditions get you down. You are in the right place at the right time. We merged. We are scaling. We are growing as a community and ultimately we will flip you know what. + +Hang strong and happy 2023 to all ethtraders. + Trust mechanisms: Other trust mechanisms between different actors might include: + +● Activity level metrics, including network participation and transactions concluded. + +● Date joined. + +● Endorsements, an endorsement equals an elevated level of connection, when endorsing an actor on the Government Network you are vouching for its trustworthiness and ability to transact. + +● Data whom which the actor chooses to make public: e.g. company details, location and trade licenses. + +● Social media links. + +● An automated KYC gradation system, based on the cumulative data received from the citizen and by its activity on the network. +>it will axe the ability of property investors to claim mortgage interest as a tax deduction against rental income. + +[https://www.theage.com.au/politics/federal/nz-kills-tax-loophole-on-property-to-slow-soaring-house-prices-20210323-p57d9s.html](https://www.theage.com.au/politics/federal/nz-kills-tax-loophole-on-property-to-slow-soaring-house-prices-20210323-p57d9s.html) + +[https://www.stuff.co.nz/national/politics/300259389/housing-government-to-double-brightline-test-and-end-interest-writeoff-in-war-on-property-speculation-will-spend-38b-on-new-supply](https://www.stuff.co.nz/national/politics/300259389/housing-government-to-double-brightline-test-and-end-interest-writeoff-in-war-on-property-speculation-will-spend-38b-on-new-supply) +For children of the 1950's and even 1960's, pensions were rather common. In 1960, roughly half of private-sector workers had access to a pension, as well as workers for larger companies (GE, Goodyear, AT&T, etc). + +401k's arrived, but didn't fully replace pensions. + +What happened? +Hello I am a uni student with no hands on experience on financing. I am thinking about doing some trades just for pocket money since I have no hob and can't find any untill I finish my studies. + +I aim for nothing much, at best I'd like an income of ~ 50-150 € on a monthly basis since my costs of living is low. + +As I said I'm after some pocket money with low to med risk, as short time as possible investments. Also I am in Europe. +Yeet’s current trajectory is better than Bonfire’s + + +YeetToken is a community-coin first and foremost. We call it a decentralized community, meaning that the original creators of Yeet only control the Telegram; a different person controls each of YeetToken’s profiles, and yet they are all official channels. +YeetToken as a whole is a body, and each social is a semi-independent appendage, who takes orders from the head (Telegram), but the significant part is that the head can be cut-off and replaced, or demoted to a limb, if need be - it is ever-changing in its form. Yeet belongs to no one, or it belongs to every yeeter united in its mission to yeet to a place where no man has yeeted before. +This is the ideal system for a community-coin. It’s still being established because we’re only two days old but the idea is already permanent and expected. Launch-time was decided by community-vote, and the future direction of Yeet will continue to depend on its community. + +The team of Yeet is currently hard at work creating a legitimate supply chain and establishing the ecosystem of YeetToken. Each member of the community will have clear outlets to take their talents or passion. We call them cohorts. +We will place team leads and moderators in their relevant department, and have visible support channels that normal yeeters can easily access to help out in whatever way they can. Because after working on this project, I have realized that almost everyone wants to do something helpful, they just don’t know what to do or who to contact. At Yeet, we will harness this potential. + +Cohort divisions will include: +Marketing Specialists +Community Outreach +Web Design/Graphic Design/Video Editors +Community Managers +Programmers +Writers +Artists + +Let’s get down to the brass tacks. +1. There has never existed a dev wallet with YeetToken. Meaning the devs had to buy-in like everyone else. +2. Ownership has been fully renounced, and so no one can control YeetToken from a code-perspective. This is a more secure version of LP Lock. (We also have LP Lock) +3. Decentralized Community means that whoever the leader’s of the project may be, they can always be overthrown by the other social platforms and the community. +4. Renounced ownership + Decentralized community means that YeetToken is immortal as long as it's community thrives. +5. 1,000,000,000,000,000 Starting Supply | 50% Pre-Burn +6. 6% per Transaction = 4% Back to LP + 2% Reflection to holders. This token is designed to be user-friendly to both heavy traders and holders. +7. YeetToken was born 60 hours ago and just had a healthy correction - it’s still extremely early. + +YeetToken is a community-driven project that will most certainly moon hard. + +Socials: +Telegram (4800+): https://t.me/YeetTokenOfficial +https://www.reddit.com/r/YeetTokenOfficial/ +https://discord.gg/jfBBRCgr +https://twitter.com/yeettoken_hq +https://www.instagram.com/yeettoken/ +https://www.youtube.com/channel/UCKuCbJ9tE1ZQCcPIx_XjwKg + +Website: https://YeetToken.com +PancakeSwap: [Buy on PancakeSwap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7060d3f1cc70a07f4768560b9d9b692ac29244de) +So value investing is not just buying cheap companies. It’s just projecting the future cash flows of the business, and trying to pay less for it. + +In an overvalued market like today, tickers drop big %’s all the time. That does not mean the company is a value play, or it’s worth investment. + +If a stock worth 100$ ran from 100$ to 200$, and now it had a 20% drop to 160, you’re not getting a discount. You’re still paying 160$ for a 100$ equity +Being American and not being able to afford healthcare is one of the cruelest fates that one can have bestowed upon them. When you have health problems and can't afford healthcare it's awful. Here's what you'll go through... + +You'll develop a healthcare problem and you can't afford to go to the doctor. So what you'll do is you'll spend all day googling your symptoms. You'll get about 5 different possible diagnoses. Some may be mild and some may be very serious so this will cause you great anxiety. You may even try to go to Reddit forums to try to get a better idea of what's wrong with you. However this is a waste of time because people will just simply tell you to go to the doctor (which you can't afford). + +Then if you can actually find a way to afford health insurance then you have to take a day off to go to the doctor. You have to do this because most doctors operate on bankers hours which is probably the same schedule you work at your job. Many times the doctor won't be able to diagnose you. So then the doctor sends you to a specialist. Then specialist almost can never diagnose you without really expensive tests. In fact often times they have to run multiple tests to diagnose you. + +Constantly you're losing money and you're infuriating your employer by taking this much time off. So now have to find a way to both afford these doctors, afford the insurance (often with sky high deductibles) and you have to afford the sky high tests that doctors require. Healthcare is a nightmare if you're poor in the USA. +So, I know that this idea is most likely completely ridiculous, but I'm going to ask this anyways: + +Can a foreign government launch several hostile takeover attempts on another country's biggest companies through the stock market either directly through government funds or through intermediaries? + +For example, can China launch this type of attack on some American companies either directly or through some of their billionaires? ( they can probably force them to go through with it anyway) + +&#x200B; + +Just a shower thought. + +&#x200B; + +Edit: the comment review system of this sub is beyond ridiculous. Who got this genuis idea? I don't want to see the answers to my questions 2 days after the fact. +Wouldn't It be better for companies to invest capital on the product or service they are selling instead of spending capital on marketing campaigns? How do we know they work in the first place? +Call me negative or a realist. I would call myself the latter but I think it is crazy today that many people are making $16 and hour (or even less) and rent for a studio, even in suburban, hell even in rural America is at least $850 - and that is for the bare bones basics studio apartment that probably is in the bad part of town. Let's do the math, and I am sure you think "oh another breakdown of how messed up things are". Let us make a few changes to the breakdown **to show how truly royally fucked we are if we make $16 an hour using a monthly budget breakdown using the smart****asset.com** **monthly budget tool after just taxes, no deductions like health insurance taken out yet ($2,024 take home after taxes taken out making $16 an hour):** + +$850 Rent + +$260 Electricity + +$65 Cheapest vehicle insurance + +$120 Cheapest health insurance + +$10 Local technical college haircut + +$70 Cellphone payment/wireless carrier + +$160 Gas for car + +$385 Food + +$28 Cheapest renters insurance + +$75 Minimum credit card payments + +... + +$1 Left over. You have $1 left and this is NOT including you having internet, dining out, having a membership, you best believe you not need to see the dentist, urgent care or for heaven's sake the emergency room. You are fucked. Once again, you are living in suburban or more than likely rural America with this above budget for a studio rental. That rent is more than likely going up, and so is your electricity this winter, as is your gas for car, and so is your food. + +So - how do people making $16, or less, make it? Y'all living with your friends/relatives? +He has a net worth of $130m and that seems very low compared to some other investors, yet hes one of the most looked up to value invester along with Buffet, and Munger. + +Whats the hype around him in the value investing circle? +I have recently started learning and investing, I have a full time job and responsibilities so don't get like full day to learn the art of value investing but I really believe in value investing so trying to learn whenever i get some time. + +I am not from finance/accounting background so even a simple financial term will take me some google search to understand it. + +So just wanted to know if someone from non financial background who learnt value investing on their own ? + +Any thoughts or approach or starting point or any guidance is appreciated. +The WSJ came out with an article about a report from NAR about the 5.5m housing unit shortage in the US, and how it requires “once-in-a-generation” policy response to address the crisis. + +Maybe that’s true, but calling people there as economists,and their reports unbiased, to me is just lazy reporting. Report below: + +https://www.wsj.com/articles/u-s-housing-market-needs-5-5-million-more-units-says-new-report-11623835800?st=5cxyhwnd3t1pggi&reflink=article_copyURL_share +I want to offer some perspective to people who are looking to get started in real estate, or maybe those who have just gotten started. + +Background: I own 1 duplex (house hack) and have a single family under contract that will close in the next 3 weeks. I bought my duplex just under 2 years ago. I listened to Bigger Pockets and read as much as I could about real estate for the past 5 years. + +Let’s talk about Bigger Pockets. It is an excellent resource and there is a ton of great advice/insight. However, they don’t talk enough about the struggle that average people actually go through to get into investing. I would listen to those podcasts and convinced myself that I would be quitting my day job in 5 years through exponential real estate growth. + +Well… it ain’t all sunshine and roses. I got into my duplex and started tearing things apart to fix it up, all while trying to work 40 hours/week and keeping myself fed. After about 6 months and not a lot of progress, I decided it was time to call in a contractor to finish up some of the big things, I would finish all of the little details after they were done. Fast forward another month, they’re done. Time to start painting, replacing light fixtures, outlets, etc… shit! How am I a full year into this and still not done?? I called them back in with a full list of what needed done to have the home ready to rent. The lesson here? Make sure you have enough money to pay people to do the work for you. They WILL do it faster and better than you. + +1 Year and 3 months later I finally got my first tenant, who is great. 2 months later, tenant calls about water dripping in the living room, $1000 later the roof leak is fixed. Did I mention that one of the water heaters went out 2 months after moving in? $700. Oh, and the toilet drain that was leaking from upstairs into the kitchen downstairs? $500. There are ALWAYS going to be issues. Don’t assume that 5% for maintenance will be enough. + +Let me add, I did a ton of research on how to screen tenants. Set your requirements and STICK TO THEM. I couldn’t be happier with mine, and I know it was because of my due diligence. + +The good news here? Because of the work I’ve had done and the time that has elapsed (almost 2 years), I was able to take out a $30,000 HELOC with a crazy low interest rate. I could’ve borrowed more but I don’t want to get in over my head. I am now using this to put a down payment on my new home and renovate the unit in my duplex that I’ve been living in. I also have had 2 years to figure out what problems to look for when house shopping. + +Don’t get trapped into thinking you will rapidly acquire properties, the only way you can do that is by having CASH. The rest of us have to build equity. I know that with a few more years and a couple more properties, it will be much easier to get creative with financing. Hard money, private money, equity, etc. But I now know the time, sacrifice and discipline it takes. + +Hope this helps someone out there, and good luck to you all as you get started or continue your journey. +This isn‘t normal behavior in the stock market! + +Remember when the Coca Cola stock dumped like 2% because CR7 removed some Coca Cola bottles from his table in front of a camera during a press release, implying that Coca Cola is unhelathy for an athlete like him? Yeah so that was shitty news and the consequence was that the stock dumped a couple of dollars. + +Now what’s happening with GME is that, a ton of people are direct registering their shares, constantly buying stock, fucking herds of people outside of Gamestop stores waiting in line to get their hand on a new console or whatever, filled stores with customers and most importantly NO BAD NEWS whatsoever and still the stock dumps like 35% in a matter of two weeks from 250$ to 160$!!! + +This just confirms my (our) thesis that the stock still gets heavily manipulated and kenny trust me i‘m just going to buy drs and hodl even more, as a matter of fact i just bought 4 more you dumb fuck. The MOASS is happening whether u like it or not!! + +BUY HODL DRS +🚨🚀🚨🚀🚨 + +Edit: No I‘m not suicidal nor have i the intention of harming myself, but thanks for looking out for me. +# 0. Preface + +I am not a financial advisor and I am not providing financial advice. + +But I am a SNEK. At least, I am a Snek to all of the anti-ComputerShare and anti-DRS posters. + +I have yet to see anything countering the main benefit of registering, which is locking up float certificates. **Which can lead to the MOASS.** + +**In my opinion it is the only way to MOASS.** + +I keep seeing FUD and skepticism on ComputerShare. It's slowly dying off, but I think it is too important for me to not continue pushing this. + +So, hopefully, this clears it up for skeptics or those who are cautious and why DRS is the way. + +Guess what baby. I'm not even really a Pomeranian. Mwahaha. I'm a Snek ~~Skeletor~~! Ah ah ah ah. + +[I knew that damn Pomeranian was a shill this whole time.](https://preview.redd.it/mo29ggkjmko71.png?width=1522&format=png&auto=webp&s=a1d41aae761d3954392b5629487a809916fcc916) + +Sorry if anyone has fear of snakes. Hopefully the above is less spooky. + +# 1. Understand possible risks by registering. Research yourself before registering any shares. + +As a boiler plate, you will want to understand some potential risks behind registering your shares. Again - not financial advice. It is **your** choice on whether or not to direct register. In my opinion the pros of direct registering **vastly** outweigh the cons, but don't take my word for it. + +[From ComputerShare itself](https://www-us.computershare.com/Content/Download.asp?docId=%7B8A8A23DD-8FD1-41EE-8D46-7F234B8F8EED%7D&cc=US&lang=en&bhjs=1&fla=1&theme=cpu), the securities are not protected by standard SIPC or FDIC insurance: + +>CIP accounts, the securities held therein and any cash temporarily held on behalf of a Participant are not deposits of Computershare and are not insured by the Securities Investor 14 Protection Corporation (SIPC), Federal Deposit Insurance Corporation (FDIC) or any other federal or state agency + +This is mainly because your shares are not "street name" registered any more but rather "book name" registered via direct registration. So, that is something to consider. + +Another concern is selling shares which obviously is a key point to push for FUD. If we go back in time to /u/ajquick's post, [they crush the FUD about selling shares and other concerns](https://www.reddit.com/r/Superstonk/comments/p3owe8/dispelling_the_fud_surrounding_computershare/). + +Take a look at their post if you want an in-depth explanation of why the FUD is peddled to make you scared of registering your shares. Here is a tidbit from their post: + +>**Example #1: You won’t be able to sell your shares.** +> +>This is the most common FUD that is posted to try and dissuade people from ComputerShare. ComputerShare has a relationship with brokerages to sell your shares when you request them to. I had previously thought, incorrectly, that sales would take a bit of time. This is false. +> +>With ComputerShare and GameStop’s DirectStock plan, you have the following options to sell: +> +>\- Market Order +> +>\- Limit Order (Day) +> +>\- Limit Order (30 Day) +> +>Lots of FUD going around that says something to the effect of: *If you try to sell, it will take days!* +> +>**False** +> +>If you initiate a market sell order on ComputerShare, they will attempt to execute it immediately. If you submit a limit order, they will enter it to go at the price you specify or greater. There is absolutely **no problem with selling using ComputerShare**. Settlement will still take T+2 days as usual, same with any other broker. + +ComputerShare also has standard language that sells may only partially fill, or not at all. Surprise - that is boiler for brokerages too. Nobody can guarantee that the demand side of the equation is met. + +But that all being said, it is something to research. /u/ajquick did a great job providing sources in their post and is a good starting point. + +**What I will emphasize is to read multiple posts based on evidence. Do not fall for the pure conjecture comments saying "ComputerShare is bad because of <blank>" when there is no evidence provided. Or if it takes a leap to suddenly imply it is nefarious.** + +Here's a FUD campaign example from myself that I just came up with: + +>Fidelity routes options + share trades to Citadel. Fidelity is in cahoots with Citadel so you should not use them as a broker because they will prevent you from selling your shares during MOASS. + +The above has no basis. I came up with some foregone conclusion by making a huge logical leap. It would be so easy if I was a shill to push this around reddit like wildfire because it very easily instills fear. It connects the broker to Citadel who we know manipulates markets so it's easy to eat up as if Fidelity is automatically nefarious and will not allow retail payout. + +**Until the FUD statements around ComputerShare are proven logically, you can assume that they are FUD campaigns because they take a massive leap to reach their conclusions.** + +It's good to be cautious of new things like ComputerShare at first. But you should be even **more** cautious about the FUD or conspiracy theories because it can be more damaging in the end. + +Likewise treat it the same way with hype conspiracy theories. Don't get caught up with conclusions based on pure hopium if there's no basis to it. + +# 2. ComputerShare is a Transfer Agent. All they handle is bookkeeping of shareholder records on behalf of GameStop + +ComputerShare isn't a new company. They are a transfer agent which provides the service of registering shares and bookkeeping of shareholder records which has been around since 1978. + +What goes on for pretty much any company is that they need to figure out stock ownership for the total amount of stock certificates that they have issued. In the case of GameStop, they have roughly 76.49 Million stock certificates to keep track of. + +**Note that these certificates are unique and cannot be replicated. These are the official stock certificates that prove ownership. In the past, you would physically handle these certificates rather than an electronic entry on your brokerage account. Now, you have the electronic entry and the transfer agent handles who owns the stock certificates.** + +Instead of wasting time + money + manpower on handling the bookkeeping of stock ownership, dividend payments, and other tasks, **companies will offload this effort to a third party company**. This "third party" is called a [transfer agent](https://www.investopedia.com/terms/t/transferagent.asp) and there's a few large agents out there that companies choose from. + +GameStop chose ComputerShare as their transfer agent to handle the bookkeeping of their share ownership. + +And that's not really a surprise, since ComputerShare [holds a plurality control over the market at around 37.4%](https://blog.auditanalytics.com/transfer-agent-market-share-2020/). They provide transfer agent services to a few other popular companies as well: + +* Apple +* Microsoft +* Tesla +* Amazon +* Overstock (whom did the first NFT dividend to crush shorts!) + +# 3. Ryan Cohen and institutions had to direct register through ComputerShare to show their holdings. + +When you look at ownership of any stock, the official stock holders had to register their shares, through the transfer agent, to show ownership of the stock and pull certificates in their name. + +This includes Ryan Cohen, the executives, and institutions that hold any share ownership of GameStop. They've all done it - are they falling for a scam? Doubtful, when it's the service chosen by GameStop themselves to offload the task of bookkeeping of shareholder records. + +Hypothetically let's say, tomorrow, that institution ABC shows up on GameStop's institutional holdings and that ABC has purchased 40M of the remaining 61.83M float. Reddit would explode claiming, "Holy shit! It's a long whale!" and everyone would be excited that the float is being constricted more. + +What would have happened in this hypothetical situation is that ABC would have purchased 40M stock and then registered through ComputerShare to transfer ownership of 40M certificates from the float to themselves. + +The same exact thing can happen with retail! By direct registering shares, it's equivalent to an executive or institution registering ownership. + +And by doing this - it pulls certificates from Cede & Co which constricts the float! + +Retail **is** that long whale. But right now nobody **officially** knows it because retail has yet to register. + +# 4. You are not "transferring" a share. You are transferring certificate ownership on GameStop's shareholder books. + +Something that might be strange to understand conceptually is that you aren't really transferring a "share". **You are transferring certificate ownership by telling ComputerShare to move a certificate from Cede & Co. to your name**. + +Think of the certificate and the "share" in your account as completely different things. The certificates themselves cannot be duplicated and they are records of who officially has a stake in the company. The shares in your account is just an entry on the broker saying that you own some amount of stock, though unofficial. + +So in regards to your brokerage account, your shares are just a record on the broker's books that you own shares. It doesn't matter if they are "real" or phantom. But to be clear, no matter where you have the shares, you own those shares and you have the right to sell them. + +**To emphasize: No, you will not be screwed if you don't register. YOU own a "real" share regardless of certificate ownership. This is the premise of the MOASS in the first place is that shorts must cover all shorted (phantom) shares.** + +What goes on in the background is that by direct registering you are changing bookkeeping of the certificates which are handled by ComputerShare on the behalf of GameStop. + +* There can be an infinite amount of phantom shares out there in brokerage accounts due to shorting. These are nothing more than entries on the broker's books saying you have N number of shares. +* There is a finite amount of certificates to show ownership of a stock. **GameStop only has 76.49 million certificates because that is their outstanding share count.** These are official proof of ownership of the stock. +* ComputerShare transfers **certificate ownership** between parties. The actual "stock" in your brokerage account has not technically changed because the structure of the share is the same. +* **All you did was change a bookkeeping record for GameStop through ComputerShare to officially mark ownership of the company!** + +The below will hopefully help visualize what is going on. + +1. On the left is the shareholder record showing that the DTC + Brokers own 6 certificates. This is the "float" that hasn't been locked up. +2. Say that retail decides to register 5 shares. This tells ComputerShare to change ownership of 5 certificates from the DTC to retail's name. +3. On the right is what happens to the record after retail makes its purchase and registers. The DTC + brokers have fewer shares to work with and the float reduces because, just like an institution or executive purchase, **retail has officially registered ownership and moved certificates into their name.** +4. This bookkeeping only has the outstanding share count of certificates on it. It's impossible to direct register more shares than exist because there will only ever be 76.49 Million certificates (unless they do another offering)! If another request comes in to register a share and all certificates are locked - then that proves phantoms exist! + +[You are transferring certificate ownership and locking up the float!](https://preview.redd.it/vgoble8yako71.png?width=1474&format=png&auto=webp&s=c83a7919e71c650599db9d7e33ff275ecea00495) + +# 5. GameStop cannot tell its investors to direct register because of the CMKM fiasco which exposed trillions of phantom shares + +Let's go back to the CMKM fiasco that Dr. T mentioned as an example of the power of direct registering shares. They were a company that was caught in fraudulent activities and DRS exposed a massive **3200x float of phantom shares (2.25 trillion of a 703 million float)!** + +The Company was going to go under a new name, so CMKM **told** their investors to direct register and pull certificates in their names so that the shares could be redistributed. + +This locked up the float and pulled all certificates into individual investor's names + executives + institutions. After so many requests came in, no more certificates could be assigned ownership. + +The problem is, more requests to register came in following the entire float being locked up. This meant that phantoms exist - because there are only so many certificates in existence which can have ownership. If all certificates are accounted for and another share requests to be marked as an owner - whoopsie. Someone fucked up. + +This resulted in a huge scandal where the SEC decided to delist the company and delete the phantom shares, preventing a squeeze, because the company was already caught in fraudulent activities and it was trading as a penny stock at the time. The stock was also reportedly [cellar boxed](https://www.sec.gov/comments/4-590/4590-100.htm) which, if you remember from the Cellar Box DD, means that it was manipulated at thousands of a penny increments to profiteer off of the liquidation and maintain the stock at a "cellar" price. + +Those poor fucks at Citadel are screwed if they've been cellar boxing the zombie stocks of Blockbuster, Sears, etc. that have yet to fully liquidate and if those stocks aren't nuked just like CMKM. + +GameStop thankfully isn't in that situation, so they can't exactly hit the nuke button. It's not in a scandal of fraudulent activities, and it's not trading at bankruptcy levels. + +What happened following the disaster of CMKM phantoms being exposed, is that the DTC made a rule to prevent companies from telling their shareholders to DRS their shares**. Because the very act of doing so exposed the phantom shares of CMKM and almost ignited a squeeze.** + +/u/suddenlyy goes into great detail here on how the DTC created a rule for this: + +[https://www.reddit.com/r/Superstonk/comments/pr32zj/cmkm\_and\_gamestop\_why\_cant\_gamestop\_ask/](https://www.reddit.com/r/Superstonk/comments/pr32zj/cmkm_and_gamestop_why_cant_gamestop_ask/) + +So, those of you who are waiting for GameStop or Ryan Cohen to initiate a share recall or for them to play their hand - they can't. + +The DTC decided to be cucks because they **know** that if a company expects their stock is being manipulated, they could fuck the entire system by insisting that investors direct register their shares. + +Honestly, you could think of completely registering the float through DRS as being equivalent to a share recall. **The best part is that this is in the power of the individual investors!** + +There has been so much FUD and attempts to suppress this information the past 8 months. I have never seen so much FUD on any topic before, and continued FUD. + +**Fuck yeah it seems like this is busting a nerve on WallStreet because it's gaining traction. It can end the fuckery when all certificates are accounted for.** + +And what's nice is that because ComputerShare is the recordkeeper of certificate ownership of shares on behalf of GameStop, is that GameStop will be fed the information of share ownership. They will know when all 76.49 Million certificates are accounted for and registered. + +Some reading if you're curious for more about CMKM: + +* [https://www.thekomisarscoop.com/2020/03/how-phantom-shares-on-wall-street-threaten-u-s-companies-and-investors/](https://www.thekomisarscoop.com/2020/03/how-phantom-shares-on-wall-street-threaten-u-s-companies-and-investors/) +* [https://www.sec.gov/comments/4-590/4590-100.htm](https://www.sec.gov/comments/4-590/4590-100.htm) +* [https://www.qualitystocks.com/government-sting-operation-leaving-cmkm-diamonds-shareholders-tired-of-waiting-for-reimbursement/](https://www.qualitystocks.com/government-sting-operation-leaving-cmkm-diamonds-shareholders-tired-of-waiting-for-reimbursement/) + +# 6. Direct registering pulls lending power from brokers because you are reducing the amount of certificates they "own". Marking your brokerage to not lend shares does NOT lock down the float. + +We have been saying "buy and hold" will launch this rocket. + +Hell, I was even thinking that a market crash could cause MOASS. + +**I no longer think that this is true.** + +Here we are almost 8 months after the January sneeze, and things have yet to take off. Why? Because they are still playing with the float that remains unlocked. They (DTC + brokers) are able to lend the shares at extremely cheap rates because they maintain certificate control over 61.83 Million shares and continue to profiteer off of the delayed squeeze by sucking up money by lending, options premiums, and PFOF. + +For many months we have been claiming retail owns multiples of the float. And that everyone should turn off share lending if they don't want their shares to be lent. **It's great information to spread, but there is a big problem with this!** + +**It doesn't matter if you're marking a phantom share to not lend!** **It's not marking the float as long as the DTC and brokers maintain control of those certificates**! + +They can keep the phantom machine churning, possibly indefinitely, because they'll borrow against those certificates since they still have 'ownership' of them. Here's what can be going on: + +1. A short is made to match a retail buy. Retail gets a phantom share. Retail **does not** get assigned the certificate and therefore doesn't officially own the stock. They have a stock on the brokers books, but they are not an official shareholder. +2. The broker lends out shares because they "locate" them against the certificates in the broker's name. Either they lend to a shorter or internalize the order against their own holdings to perform the short sale. +3. If the short sale eventually produces a FTD, the broker-dealers can paddle the failure between one another by "locating" against those certificates via ex-clearing. Over, and over, and over again. +4. Maintaining a high certificate count means the broker-dealers have more lending power to either produce more phantom shares or reset FTDs. High lending amount. Low borrow rate. Shorting continues. Fuckery continues. **MOASS remains delayed as they wait until retail gets bored because they don't lock up the float.** + +If you think about it, and if we claim retail owns multiples of the float, then the MOASS should have taken off by now if disabling share lending restricted lending power. What were the estimates? Some numbers like 2 billion shorts at one point or 33x the float? Surely disabling lending should have restricted their original lending power. But it does not. **Because it's not restricting the float.** + +1. The brokers have 61.83 Million certificates to borrow against. +2. Retail gets 61.83 Million phantoms for a total of 123.66 Million shares. +3. Retail turns off lending on all phantom shares. The broker still maintains 61.83 Million shares to lend against because they still maintain those certificates. All retail did was mark an **IOU** on their account. + +But, pulling those certificates in retails name through Computershare officially shuts down lending on the float! The brokers no longer officially have ownership and cannot borrow against those shares any more. + +It's almost guaranteed that there will be pushback on anyone trying to register their shares because it pulls the lending revenue stream from the brokers. **They would absolutely love for this to continue and not squeeze, because all of them can continue to profiteer off of lending, option premiums, and PFOF. Bastards.** + +It's easy for them to get cash to continue to avoid margin calls and suppress the price. But taking away lending power from them by officially registering the entire float gives them a massive fucking middle finger because it **constrains** them. + +DRS is going to constrict lending and it can result in increased borrow fees, lower amounts of lendable shares, and increase of FTDs. It slowly pulls the certificates away from those greedy bastards and chokes them to death until it kicks off the MOASS. + +[Power To the Shareholders](https://preview.redd.it/1b6cgrchmlo71.png?width=1279&format=png&auto=webp&s=2dc60995ea3e69050e024aba8e9e4d14a6fae5fb) + +Power to the Players **👊**🐶 + **TL;DR -** **Hedgies are up to the same ol' same ol' bullsh\*t. Here's some FINRA literature to keep you entertained while waiting for lift off.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +WHAT THE F\*CK IS UP, APES!? + +Once again, I've been dabblin' in the data. Even after months of this sh\*t, I'm still pleasantly surprised when I find more fecal matter which further confirms my rock-hard bias. In fact, there's only one thing that jacks-my-atobitts even more than being right... + +...and that's jacking-the-atobitts of all the apes within this **community.** + +What can I say? I'm a selfless dude. + +*\*sets chip on shoulder\** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Now then, I want you to toss those double **FUD**ge brownies you've been snacking on and start power-chugging this DD smoothie. I know there are only about 17 of you out there that will actually read this thing word-for-word so I won't even bother asking you to read the 40 page prequel of HOC [I](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/) , [II](https://www.reddit.com/r/Superstonk/comments/nlwaxv/house_of_cards_part_2/) , [III](https://www.reddit.com/r/Superstonk/comments/nlwqyv/house_of_cards_part_3/). + +For those of you that *DID* read the HOC series, you may remember I talked about the delayed reporting that FINRA has when it comes to reporting misconduct among the hedgef\*cks. Here's a wee quote from the HOC II: + +https://preview.redd.it/m2ucq4psnhc71.jpg?width=841&format=pjpg&auto=webp&s=5b2dc8855a00379f3482bac0e015278568cd7aea + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Now, I'm pretty damn sure I beat this horse into the ground, but just to make sure, I'll say it once again.... + +FINRA is very inconsistent when it comes to timely filings. Issues can be brought to their attention YEARS before they issue fines, or they can be fined within the same month & year in which the violation occurred. But hey, that's FINRA... + +Long story short, I still use [https://brokercheck.finra.org/](https://brokercheck.finra.org) to check the records on most of the DTC's participants. I literally do this for a few minutes each day to see if Citadel & friends have any more violations for misquoting the bid/ask prices on their exchange, or if Goldman Sachs is still smashing that F3 key to activate their auto-locate feature (where my HOC III fans at?). + +Needless to say, I found more fecal matter. + +***I ain't hear no bell*** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**CHAPTER 1: CAPITAL REQUIREMENTS** + +Let's start off with a lil' finger bang.. + +We've all read the recent rule changes from the DTC regarding daily monitoring of participant activity. This was detailed extensively in [SR-DTC-2021-003](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-003-Approval-Notice.pdf). Keep in mind, Dr. T stated this was just a formality because the DTC has been monitoring participant activity daily for quite some time. However, I'm now seeing more frequent violations for failing to properly maintain sufficient capital within customer accounts. Historically, these are pretty infrequent citations so I can't help but think some of the new rule changes may be having an effect. + +You've gotta look closely to see what's happening... + +Take a look at Wells Fargo... + +[https:\/\/files.brokercheck.finra.org\/firm\/firm\_126292.pdf](https://preview.redd.it/kwg7hhgrshc71.jpg?width=1024&format=pjpg&auto=webp&s=362bd32f12625bc681b2de1992a36aceb90438a3) + +On **6/11/2021**, FINRA resolved Wells Fargo's fine for violating [CME Rule 971 A.1](https://www.cmegroup.com/content/dam/cmegroup/rulebook/NYMEX/1/9.pdf) which relates to the funds set aside within a customer's account (particularly with swaps/futures). + +[https:\/\/www.cmegroup.com\/content\/dam\/cmegroup\/rulebook\/NYMEX\/1\/9.pdf](https://preview.redd.it/3f0pdixruhc71.jpg?width=987&format=pjpg&auto=webp&s=d9f6e4da13a68142236e40137f0ca921f7847f4c) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +I probably wouldn't think anything about this if it were the only violation I stumbled upon.... but what's interesting is that Bank of America got slapped with the same f\*cking [violation](https://files.brokercheck.finra.org/firm/firm_283942.pdf) on the same f\*cking date... **6/11/2021...** + +[https:\/\/files.brokercheck.finra.org\/firm\/firm\_283942.pdf](https://preview.redd.it/m8goavaqvhc71.jpg?width=971&format=pjpg&auto=webp&s=2b41c7b62ac2230ec2144a2629d56943ec406f0a) + +I started looking into the docket number for this case and noticed it was within the same sequence as the citation for Wells Fargo.. + +Bank of America docket # CBOT 21-CH-21**02....** + +Wells Fargo docket # CBOT 21-CH-21**05....** + +So... why not? I pulled a quick google search for CBOT 21-CH-21**01**... + +**BOOM.** Citigroup. + +[https:\/\/www.cmegroup.com\/notices\/clearing\/2021\/03\/21-CH-2101.html](https://preview.redd.it/m1qbbe1lzhc71.jpg?width=795&format=pjpg&auto=webp&s=175528c36a0be435c294cea6a5b175bb5bbaa5ee) + +CME 970A is another requirement for minimum capital: + +[https:\/\/www.cmegroup.com\/content\/dam\/cmegroup\/rulebook\/NYMEX\/1\/9.pdf](https://preview.redd.it/zh340h151ic71.jpg?width=1140&format=pjpg&auto=webp&s=28df2ed118133787a847eb16491f636283beebc7) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**How deep does this rabbit hole go?** + +Citigroup | docket # CBOT 21-CH-21**01.... 3/19/2021** + +Bank of America | docket # CBOT 21-CH-21**02.... 6/11/2021** + +ADM Investor Services, INC | docket # CBOT 21-CH-21**03.... 6/11/2021** + +Mizuho Securities | docket # CBOT 21-CH-21**04.... 6/11/2021** + +Wells Fargo | docket # CBOT 21-CH-21**05.... 6/11/2021** + +ABN Amro Clearing | docket # CBOT 21-CH-21**06.... 6/11/2021** + +Phillip Capital, INC | docket # CBOT 21-CH-21**07.... 6/11/2021** + +Santander Investment Securities, INC | docket # CBOT 21-CH-21**08.... 6/11/2021** + +**8 citations** issued in 2021 and 7 of them occurred during June. By changing **21-CH** to **20-CH** and then following the same pattern, I was able to look backwards through 2017 (filing gets weird w/ dates prior to that). Here's what I found: + +*Citations for Underfunded Capital by year:* + +2017: 7 citations (full year) + +2018: 8 citations (full year) + +2019: 7 citations (full year) + +2020: 13 citations (full year) + +2021: **8 citations (half year)** + +Sometimes there will be a citation that's listed as 19-CH-1908, but actually filed in January 2020. Most of them are split randomly throughout the year, but some are done in chunks (typically June / August). This leads me to believe the actual *date of occurrence* happens within 4 - 6 weeks of the citation being filed. I could be wrong, but the filings appear to be done this way. + +Therefore, we can start to deduce what the actual f\*ck is happening here. From 2017 through 2019, the average annual citation is between 7 and 8. Suddenly, we've jumped almost 100% during 2020 and 2021 is currently on track to surpass it. Either FINRA is getting much better at identifying underfunded capital accounts, or the number of underfunded capital accounts is increasing. Obviously, we need to rule out that a bunch of new entities haven't been added to FINRA's "audit list", but the citations seem to generally reference the same folks. + +All aboard the struggle bus. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**CHAPTER 2: SHORT SALES** + +I had the pleasure of reading one of the most f\*cked up short sale violations this past week. Typically, FINRA will break short sale violations into different buckets. If you mark a sale as long when it was short, that's a specific violation. Likewise, if you fail to locate a borrow, that's another violation. However, FINRA issued a citation on **5/24/2021** to Wolverine Execution Services for one of the most blatantly obvious f\*ck-ups I've ever read. This actually *occurred* for 3 F\*CKING YEARS between May 2016 and March 2019.... Once again, good job FINRA on the timely filings. Check it out: + +&#x200B; + +[https:\/\/files.brokercheck.finra.org\/firm\/firm\_120719.pdf](https://preview.redd.it/o32lh1dpfic71.jpg?width=542&format=pjpg&auto=webp&s=595a6436f3ac2471f58cc0ba190dafc2dc94b2cb) + +LOL + +No sh\*t... you can't make this up.... + +So let me get this straight..... for 3 years, Wolverine: + +1. "inaccurately" marked nearly 19,000 transactions as long instead of short.. not *accidentally*\- INACCURATELY... +2. sold shares they didn't have... +3. didn't have the paperwork for almost 560,000 locate requirements... +4. failed to meet the reporting obligations for order data within the audit trail system on 40% of sampled trades.... +5. AND failed to provide proper order event information in 19% of their sampled trades... + +Did I already say LOL ? + +But wait... it gets better.... The VERY NEXT violation is literally the same as this one, but with new numbers and new bed-time stories: + +https://preview.redd.it/ebg9h52lhic71.jpg?width=649&format=pjpg&auto=webp&s=d05beb1f830b311f42520609c438eb74c5d46aa2 + +[LOLLOLLOLLOL](https://preview.redd.it/m6tumk43iic71.png?width=236&format=png&auto=webp&s=49cbc793f3f112edfb55ecac3880bc830565b306) + +Yeah, you read that right.... Wolverine relied on their clients to provide proof of borrowing before letting them perform a short sale. If they didn't upload the proper documentation, the sale wouldn't occur. + +"No one ever said we had to KEEP that paperwork, though...." + +...f\*cking dipsh\*ts.... + +&#x200B; + +&#x200B; + +**DIAMOND.F\*CKING.HANDS** +Hi al. + + I have never given the stock market a try before , but with today's market I'm planning to get in as I have 70 thousand that Will not need for the next 5 years. + +The market always looked very scary to me. It could be due to my father’s continuous warnings to us when we were younger as he lost alot of money especially during the 08-09 crisis. + +Could you please advise on the below strategy. + +I'm planning to divide my money between the following + +- Microsoft +- Google +- apple +- FB +- Intel +- Canadian big 5 banks +- JPM +- JNJ +- KHC +- Pepsi +- Cocacola +- PG +- SBUX +- Mcdonald +- BRK.C +- NKE +- Disney +- S&amp;P , Nasdaq , TSX and Dow jones ETF’s +- lastly will put smaller amount of money into these risky stocks ( Uber , AC, LUV, XOM, ENB) + +My family advised me to ask an advisor but I don't think there is much he/she could offer me beside taking a percentage? These options sound to me like solid investments that will return my money for sure in 5 years with a good profit? I'm I right ? What do u guys think ? Any additional stocks u recommend or maybe some stocks to remove? + +Of course I missed the greatest chance when the market bottomed as it took time to open my an account with an online broker :( + + I'm not intending to buy now and my entry point would be when the markets drop 300-500 points then I buy more gradually if market continue to drop? + +Does this sounds like a plan to you guys? + +Thanks for all your input +I live in Japan. Right now the yen is really weak, so you’d think things would be really expensive. But they’re not. There’s been minimal inflation. + +Meanwhile, over in the US the dollar is super strong right now. Which should make things cheaper… but they’re not. There’s massive inflation. + +These two forces are literally reinforcing each other and making prices completely out of sync between countries. Before in Jan 2020 a Big Mac was $4.82 in the US and 390¥ / $3.55 in Japan. Now a Big Mac is $5.15 in the US (7% inflation) and still 390¥ in Japan (0% inflation), but converted to USD, now only $2.83 because of the weak yen. + +Why is inflation and currency value both pushing in the same direction rather than cancelling each other out? + +Putin has signed a decree that creditors will be paid in Rubles according to a report from Bloomberg today. This will apply to sovereign and corporate debtors paying countries who are hostile to Russia. List of countries to be published later today. Guess all the NATO countries will be on the list + +Edit: Check Bloomberg.com - article is behind a pay wall if anyone can view and copy +Edit: I've gotten a lot of snarky remarks about "Go ahead, vote it down" in the title. If I could change it, I would. But being the 40th person to say "Voted down because you ask me to" does not make you funny or clever. Moving on... + +The TL;DR version: + +Money is no longer the bottleneck in saving lives. Much of the money donated at this stage will line the pockets of NGO administrations or be stockpiled for a future crisis. Pouring extra money into charity aid right now, we risk increases local corruption and stalling legitimate economic recovery, plus charity donations to Haiti made today will likely never get there. What needs to happen now is direct international investment in Haiti's infrastructure. + +All of this is from a source who's most recent job title was "Country Director" of an international emergency relief program. + +This (unrelated) article says the same thing, from a different author. http://solarcrash.com/2010/01/stop-donating-to-haiti/ +Both authors choose anonymity because it's highly unpopular to tell people to stop donating, and even less popular to tell people that their donated money could be wasted. + +Edit: Clarified a few points. +I have different passwords for every website I log into, 2-factor authentication when possible; I thought I knew all the scams and could spot them a mile away. This one still got me. + +I was meeting a friend at a bar. Two drinks in I got a call from someone identified by my phone as Wells Fargo. I'm fully aware this could be spoofed, but it did not raise alarm bells yet. I was at a bar I did not frequent and have gotten calls from my bank before on suspicious charges that were legit, so I answered expecting this to be the case. + +The person I spoke with said they were with Wells Fargo and they've identified fraudulent charges on my account but they need to verify my identity before they can discuss details. They said they sent me a text message (via the cell number they just called, which is my first clue this is phishing). They asked me to read back to them the 6-digit number just texted to me to verify my ID. Being two drinks in, slightly expecting what this was about, I had zero alarm bells going off. My bad, this was stupid of me. I read the number to them. They suggested it timed out and I needed to read another number they texted to me. Minimal time had passed, a mild spidy sense was tingling, but I still was not concerned enough to ask questions and read them a second 6-digit code. + +This person then read off 5 recent charges on my account, 4 of which I recognized as legit and a 5th that was a $1000 charge to a credit card I did not own. I immediately identified this as a fraudulent charge and they said "no prob dude, we'll freeze your card and send you a new one". They even gave me the last 4 on the card it was coming from. I was appeased enough to continue (sadly). + +Finally, they said they sent me one final 6-digit code to confirm that they were crediting my account back with the $1000 fraudulent charge. I just needed to read off the final code they texted to me. At this point things seem weird to me but they got me at a good time. I was 2 drinks in, was interrupted from hanging with a close friend I hadn't seen in months and was outside trying desperately to avoid the loud noise inside the bar but still dealing with traffic noise outside. I just wanted to be done with this. I read them the final code and they thanked me and hung up. + +At this point, I see why my phone had been vibrating constantly through this call. I had 4 emails from Wells Fargo. 1) Your user name has been reset, 2) your password has been reset, 3) Welcome to Zelle! an awesome $$$ forwarding service, 4) You've just forwarded $1000!!!!! + +I called Wells Fargo via the number on the back of my card. After being on hold for 45 min trying to get the fraud department, I start to tell my story only to have the call drop (I'm pretty sure they hung up on me). I called back and was on hold for 1 hour 20 min (my account has been compromised >2 hours by this time) to get a second person. He told me this was a scam they've been dealing with for 3 months and I needed to go into a branch with 2 forms of ID to deal with it. There was nothing he could do tonight. + +TDLR: Dude spoofed Wells Fargo when calling me on my cell, requested a reset of my user name, password and approval for $1000 transfer. I stupidly read off the confirmation numbers I received via text to him, he entered them into Wells Fargo website to approve all these requests. Wells Fargo has known their customers have been getting scammed for 3 months and didn't bother to warn anyone. I now have to go into a branch, hang my head and tell my shameful story to a person and beg for access to my account because someone else has control of it all night tonight. +I retired on Friday! Didn't get to posting until today because I was too busy doing whatever the fuck I want. + +# Quick Stats + +Net worth: $1MM + 100K home equity + 20K car equity + +Budget: 40K per year + +Age: 27 + +# The career + +tl;dr: Software 2016-2021, huge salary and got lucky with stock. + +I owe a debt of gratitude to my parents for teaching me frugality, to my brother for teaching me how to be a high achiever, and to the internet for filling in the rest of the gaps. This journey really starts in 2007 when I started high school. My local state university had a full-ride scholarship, and I decided I was going get it. + +In college, I picked a comp sci major because it was the most lucrative option that I was interested in. Leaving college, I had 40K in my pocket thanks to the scholarship, high paying internships, jobs for professors, living with family, and working jobs in high school. I built a strong resume, and practiced interviewing intensely, so I could basically pick whatever company I wanted to work for. + +I picked a pre-IPO company over a FAANG, which shouldn't have been the right call, but I got very lucky. My interviews went so well that I started out at a Software Eng. II position, which basically means I got a promotion before even starting. My mentor/manager there was incredible, and I owe much of my career success to him. Over the next three years, I was promoted once as an engineer and then promoted to management. The company IPO-ed and the stock popped! + +That's really the peak of my career. I burnt out after that, and moved into a non-management role within the company. This didn't really help, so I jumped to another company where I worked as a engineer for about half a year before going back into management. This too didn't really help, and I never got back onto my A-game. I truly love building software, but I am just so over working for large companies. + +Between negotiating great salaries, getting big raises, and most importantly my companies' stocks doing incredibly well, I now have $1MM. + +# About the Money... + +tl;dr: 4% rule. 40K expenses, $1MM invested + 120K home/car equity. + +## FIRE Number + +My FIRE number was originally 750K, but as I got closer to it, I realized that is was too low. Healthcare costs rise as you get older, and I want to do more travelling than I initially budgeted. I blew past 750K and didn't immediately quit. + +It gets easier (and I got lucky). The first 500K took me 4.5 years in the workforce. The second 500K took me six months. + +## Budget + +I spent 30K in 2020 and I could have lived leaner, but 30K was a comfortable balance of frugality and splurging. For 2021, I am budgeting 40K. This differs from my 2020 budget by adding $2,820 for health insurance, $1,800 to amortize vehicle purchases, and the rest is for transportation/travel/entertainment that wasn't possible during a pandemic. + +## Investments + +My investment breakdown is roughly: + +* 46% VTI +* 40% company stocks (from where I worked) +* 9% VT +* 5% 401(k) (fairly diverse ETFs, almost all equities) + +The goal is 100% VTI, but I can't dot it yet for tax reasons. + +Why no bonds? What about the sequence-of-returns risk? Well, if the sequence-of-returns is really good, then I am set for life. If it is really bad, then I will go back to work and top up. My career capital is my hedge against that risk. I can also reduce spending during hard times. + +## Social Security + +To qualify for social security, you need 10 years of work. My three weeks of work this month are enough to count as a whole year. This puts me at 9 years, so I will need to make 6K some year in the future. While I am not counting on social security, it would be nice. So I will do a gig or turn a profit on a hobby sometime between now and 65. + +# About Life... + +2020 was great financially, but otherwise terrible for me. I suffered from depression which was fueled by a cycle of stress from being behind at work causing me to get further behind at work. I already feel much better. + +## Do I tell people I am retired? + +A few people who are very familiar with my FIRE plans know that I am retired. Everyone else, I am telling that I am taking a one year break from the corporate world. I want to leave that door open, and one year may change my perspective. + +## Goals and Hobbies + +I need to lose some weight and get in better shape. I have also been single since the start of the pandemic and I do want a long-term partner. But I am not in a hurry. Being retired and single is the pinnacle of freedom. + +I have two hobbies that might actually make me money. There is a website I am building, and super excited to launch. I am also designing some board games that I want to kickstart. The idea of making money on these is exciting because it would be purely disposable income. There is also a certain thrill of making something valuable enough that others are willing to pay for it. + +I am not worried at all about being bored. There are places to hike/backpack, board games to play, friends to catch up with, places to visit, code to write, and so much more. For the first time in a long time, I am excited to wake up each morning! +To protect superstonk from becoming WSB all over again, how about we put a plan to prevent that from happening. (If that’s not already in place) + +If not now, maybe when MOASS takes off. +When in time of war the first thing you do is protect your borders + +- No new members will be able to join during MOASS +- mods cannot be replaced during MOASS +- whatever other actions to freeze the sub. + +Once we reach a new high it’ll be chaos here, just saying. + +Edit: wow I never imagined this will get so much traction, i guess I’m not the only one worried about this awesome sub. +After reading your comments, it seems that most of us agree on taking preemptive action to protect our sub integrity. IMO the attack on WSb contributed in slowing the squeeze and they can do it again, that’s their only weapon. + +Here’s some more detailed ideas we can take to clean up from shills, like many of you suggested: + +- many are saying that shills are already here, if that’s the case let’s all report them each time they post FUD so mods can block them or remove them. +- it is easier and faster to clean up shills accounts when no new ones are joining. We can either stop accepting new members or Allowing only trusted new members based on karma level, or by invite only. +- mods can take them by surprise and implement these rules now before they start an attack on the sub. If we all agree +- mods who open the gates during MOASS will be +Considered compromised and should be removed. Money can buy people, Vedgies have a lot of money to buy mods. +- of course, trusting your DD and your own judgment is key. But that’s exactly what shills are after when they attack. + +Edit 2: + +- Censorship is when you silence people who disagree with your opinion even when providing facts, that’s not what is meant here. we’re after bots, and hedge fund managers waging psychological warfare on apes, paying people to spread misinformation for their own financial gain. + +- yes Shills and sleeping cells are already in this sub, we don’t want new ones. + +- i love this sub and community so much and i hate to see it fall apart like wsb. it may need tweaking by the mods if they decided to do something concerning legality and such as some mentioned here. +Tomorrow, I am spending a significant amount of time with a federal prosecutor who specializes in white collar crime, specifically money laundering. + +What is our best example of something we have actual evidence of and we are not extrapolating? + +He was taking me seriously when I mentioned I wanted to chat with him about it and he said “give me your best and let’s see what we can do”. + +So let’s go Apes. What’s the best example I can give over the course of a couple beers? + +Edit: appreciate the visibility y’all are giving this. Sorry if I stop responding - I’m getting tired (I’ll have some more time in the AM to read) and I’m going to spend the rest of tonight rereading FTD posts, everything short and cost basis posts. + +Keep the ideas coming! + +Edit 2: whoa. Just woke up. Getting to work now, apes! + +Edit 3: we got a little busy but we chatted a bit. I told him about the response I got here and he wants to see it. We are grabbing breakfast tomorrow. Promise I’ll report back. Thanks for all the help, apes! +The world's richest man that actually gives a damn about us. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Is there a list of charities that Ryan supports somewhere that we may eventually spread the love after MOASS? (all money goes in to GME before MOASS) It would be a great way to show our appreciation to the man that will not only help us all become wealthy, but also saving a store that so many of us have fond memories of. 🚀🚀 +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I am listening to it for the first time in a while because I thought it sucked the last time I listened so I quit. I’m currently listening to the Jocko Willink episode from a few weeks ago and the hosts just won’t stfu. I want to hear jocko, not 15 minutes of what your life was like as a cop. +Lately I've noticed a bit of a trend around here of people who are particularly bitter that index fund investing seems to be the standard, go-to investment advice, and their personal favorite type of investment doesn't get the attention they want it to. + +Often times these comments get phrased in sort of a self fulfilling way like + +> The VTSAX cult around here will just bury any investment advice that doesn't toe the party line. + +Which makes them difficult to respond to in a constructive way in the moment. So I thought I'd write up some thoughts on the matter outside of that framing. + +Here's a list of all the "alternative" investment advice I see around here with an explanation for why I pretty much downvote them on site every time: + +1. **Crypto** - Crypto is a speculative commodity, not a value generating asset. The fact that you, or someone you know, got lucky and made a bunch of money off of it doesn't change that. [edit] The fact that the underlying technology has potential value generating applications *outside* of cryptocurrencies doesn't change that. You're not investing. You're gambling. Crypto has no place in a serious long term portfolio beyond some trivially small amount you keep on the side to play around with for fun (the same goes for any other speculative commodity as well). + +2. **Individual stocks** - Yes, Warren Buffet can pick stocks. *You* can't. This isn't even an argument. The research on the topic is overwhelming. The average return for individual investors who pick their own stocks is something like 1-2%. The fact that you managed to outperform the market for a year or two isn't evidence to the contrary, it's [survivorship bias](https://en.wikipedia.org/wiki/Survivorship_bias). + +3. **Managed funds** - This one gets more complicated. Yes, there are good fund managers out there who can outperform the market. But for you, the individual investor, the challenge is not in knowing that these people exist. The challenge is in being able to identify them from a) bad fund managers who match or underperform the market (the easy one), b) *bad* fund managers who *outperform* the market just due to luck, and c) good fund managers who outperform the market, but charge so much in fees that it doesn't matter. This is not necessarily an impossible task. But anyone who's done enough of their research to be able to successfully do that, is someone who knows enough that they don't need investment advice from random anonymous strangers on the internet. So it's still bad investment advice to go around doling out to random anonymous strangers on the internet. + +4. **Entrepreneurship** - This seems to be the topic du jour for some reason. And though I've already mentioned it, I have to once again stress the topic of survivorship bias. *80%* of small businesses fail within the first year. The fact that *you* were successful does not mean someone else will be. Not only that, but your success is not repeatable. Someone can go out and do *exactly* the same thing you did and lose everything they had. Entrepreneurship is at the very upper end of the risk/reward scale. Furthermore, running a business is most definitely not for everyone. It takes a very specific kind of person working in exactly the right field for them. Running around telling people, who've given no hint of any inclination to start a business, that the really ought to consider doing so just because it will lead to riches beyond their dreams is just bad advice. + +5. **Rental properties** - I hesitate to include this one, because compared to the rest of this list, it's actually not a bad investment strategy. However, there is a specific, and very common, type of person who likes to pump rental properties that I will pretty much always downvote. And that's the type of person who likes to claim how much better their rental returns are relative to market returns while simultaneously glossing over things like the fact that they're: comparing leveraged returns to non-leveraged returns, not counting expenses like property taxes or maintenance, not counting risk factors like vacancy months, not counting the amount of sweat equity they put into their properties, or any combination of the above. Even taking all that into account, you like still have some small ROR premium, but it's often offset by the fact that your investment isn't liquid and isn't very diversified. Again, *not a bad investment choice* for a lot of people. But if you're one of the people who go around talking about how it's so much clearly better than equities and anyone who puts money into the market instead of rentals is an idiot, you're gonna get a downvote. + +Edit: Just to clarify, I don't think the last two in particular are bad investments for a specific group of people. I do think they're often bad investment *advice* though. Particularly if you go around pumping them to people who've shown no interest whatsoever in those areas or random people you know next to nothing about. If you're responding to someone who's specifically showing interest in starting their own business or buying rentals, and if you're being honest about both the pros and cons of that investment, I have no problem. +From broken supply chains (such as China shutting down Shanghai to combat Covid-19, and those that are still broken from the pandemic), labor shortages (almost 3 million Boomers retiring early last year with declining world wide birth rates creating fewer workers and more retirees), the war in Ukraine (taking Russian oil off the market and crippling Ukrainian wheat production), climate change (we lost half our winter wheat crop to the worst drought in 1,200 years).... + +President Biden's $1.9 trillion American Rescue Plan. Massive federal spending packages to provide relief from COVID began under President Trump and initially had bipartisan support. Republicans argue that "exorbitant handouts" from the federal government, including a $300 weekly federal pandemic unemployment benefit, also have contributed to the labor shortage and rise in inflation. + +But those unemployment payments, which ended nationally in September, appear to have had limited impact on labor market participation. The mostly Republican-led states that blocked the payments added jobs in August at less than half the pace of other states that allowed the payments to flow. + +I'm not seeing any of this as Biden's fault. +>Thank you for the post replies so far. Definitely a mix of tech and non-tech responses here. Lessons learned, and luckily I have other offers so this won't make me homeless or anything like that. Will ask this question to the tech group tomorrow just for the sake of discussion and so someone else can learn from my mistakes. But I know what I should avoid/do better in my next negotiations! Thank you to the 1 idiot (lol, 250k views, 1k+ comments, and you were the only one), the rest of you were harsh but appropriately and I probably deserved a harsh response to remember. :) + +Just trying to learn what mistake I made... + +&#x200B; + +**location**: Toronto, Canada. + +&#x200B; + +**me**: 3 years of professional experience (internship, startup). 2 years as Lead Developer at a startup, 1 year of internship. MSc degree on big data related project (source code is public, demo website is also public, pretty innovative approach to handling big data). Nothing too complex, but still cool project where I was doing everything from design to development to server config. + +&#x200B; + +**company**: startup with 15 employees. No idea about funding status (offer withdrawn rather than give me this answer). Dev team has 5 devs. + +&#x200B; + +**job**: full stack developer, 3 years of professional experience, MSc degree, experience with front-end, back-end, some Android and iOS experience would be an asset. + +&#x200B; + +**Offer**: here's a summary of what happened in series, emails were professional and courteous (I've worked in a formal office environment). + +&#x200B; + +* Company: what is your salary expectation? +* Me: I've made 70k before +* Company: when did you get this? we don't see anything on your resume that would pay this (note: lead position is listed there) +* Me: as a lead developer at last company (startup, linked to the company website) +* Company: here's our offer: + +>\* base salary: 75k +> +>\* hours: min 40 hrs, but variable as needed to accomplish the goals +> +>\* benefits: 80% dental and vision, 3 week vacation, 10 sick days +> +>\* can't have side business +> +>\* 1 month notice required from me +> +>\* company can end employment as per province of Ontario's notice period laws +> +>\* 3 month probation period + +&#x200B; + +* Me: Could I get more details on the dental and vision plan, and could we up the number to 90k? (note: I was looking for some movement up) +* Company: 75k is max we can do, at 90k we would look for someone with intermediate level experience. (note: every company I've interviewed with has put me in intermediate category, 2/5 interviews have been for senior positions BASED ON RESUME AFTER I applied for a non-senior position) +* Me: 75k is fine, I'm looking for a long-term opportunity. May I get answers to the following Qs: + +>would you agree to flex scheduling or work from home on some days? I am okay with 40+ hrs required, but I would prefer some flexibility here to run occational errands or workout etc. +> +>Will company provide dev computer, or will I use my own? (note: there was a clause in the contract that was talking about equipment so I asked...) +> +>Can I bundle sick days and vacation as 'paid time off' +> +>there is a mistake in the contract clause (country should be canada) +> +>Given the 1 month resignation notice from me, could you match that from your side? (note: ontario laws require 1 week notice per year of employemnt, so it would have taken 4 years for me to get a 1 month termination notice/pay) +> +>Is the company a privately held or seed/A/B/C funded? + +* Company: we withdraw, expectations are too far off. best of luck in your search. +* Me: no problem, wish you the best in your search as well. + +&#x200B; + +**May be I made the following mistakes:** + +1. Asking too much $? +2. Mentioning working out? +3. May be sick and vacation bundle is a red flag? +4. Asking for details on the company funding? +5. Asking 6 bullet point questions/consideration simultaneously? Is that bad enough to withdraw offer? + +&#x200B; + +If someone could help me understand my mistake(s) I would appreciate it. I was seriously considering it as a job I can keep for 4-5 years when the CEO abruptly ended negotiations. +In a recent note to clients, strategists from JPMorgan (NYSE:JPM) suggested a one percent portfolio allocation to Bitcoin and other cryptocurrencies. + +As reported by Bloomberg, JPM strategists Joyce Chang and Amy Ho opined that Bitcoin could serve as a hedge against fluctuations from traditional assets like bonds, stocks, and commodities. However, they advised clients to allocate a small percentage due to the risk of major downturns in Bitcoin’s value. + +After setting a new all-time high above $58,000, the value of the digital asset slumped to less than $45,000 and has been struggling to recover ever since. + +Chang and Ho told investors: + +>*In a multi-asset portfolio, investors can likely add up to 1% of their allocation to cryptocurrencies in order to achieve any efficiency gain in the overall risk-adjusted returns of the portfolio.* + +Bitcoin has welcomed major investments from the likes of Paul Tudor Jones, Tesla (NASDAQ:TSLA), and MicroStrategy. The endorsement from JPM comes at a time when institutional players are rushing to accumulate the digital asset. As per Bloomberg’s report, America’s oldest bank BNY Mellon (NYSE:BK) has also announced plans to enable Bitcoin transactions for its clients. + +The strategists were quick to add that cryptocurrencies should be viewed as an investment vehicle and opposed to being funding currencies like the USD or EUR. This appears to be contrary to earlier statements from other JPM analysts that called cryptocurrencies the “poorest hedge for major drawdowns in equities.” + +[https://www.investing.com/news/cryptocurrency-news/jpmorgan-advises-clients-to-expose-1-of-their-portfolio-to-bitcoin-2431724](https://www.investing.com/news/cryptocurrency-news/jpmorgan-advises-clients-to-expose-1-of-their-portfolio-to-bitcoin-2431724) + +One of the current causes of ridiculous inflation is our unprecedented introduction of money into ciculation. + +is it possible to reduce/slow inflation by removing money from circulation? + +what are the consequences of doing so? +Quick background. I got my first credit card by accident. I thought I was filling out a “loyalty card” at Cabelas. Ended up being a line of credit. I was 23. + +4 short years later and married with a baby girl, I find myself with $16,000 in credit card debt. I actually saved my very last dollar and have it taped to my steering column in my truck. And when I say last dollar I truly mean it. We had negative balance in the bank and overtaxed all our cards. + +Less than two years later, we now have $16,000 in savings and no credit card debt. (We finance one of our cars) + +Credit card debt is crippling. My dad calls it the ULTIMATE SLAVEMASTER. It forces you into depression almost by default and controls every aspect of your life. + +Here’s my list and I hope it helps you. I’m no guru, I just learned the hard way. + +1. You will not pay it off later. When ‘later’ comes, you’ll be buying other things to pay off later. + +2. Read Dave Ramsey’s money makeover. It’s got good tips and the tactics work. + +3. The Jones’ can suck it. They’re miserable and controlled by debt also. Don’t buy things you don’t need to compete with people you don’t care for anyways. + +4. Pick up a side hustle. I taught myself to make skateboards, and would handmake 2-3 a week to sell to help pay off the debt. My wife picked up Birth photography + +5. Talk to your boss, ask what you can do to take a bigger paycheck home. + +6. Be a bitch about your budget. Set it and don’t stray from it. + +7. Put post-it notes with $0.00 written on them at the office, in your car, on your mirror, on your phone background. Seeing that everywhere actually reminded me of my goal of achieving $0.00 CC debt. Not sure if it legit made a difference but I think it might’ve + +8. Become emotionless toward money. I would get so pissed that I was dumping hundreds of my paycheck into debt payoff. It was only till I stopped giving a f#&@ that it became easier to make bigger payments. + +9. Save nothing until it’s paid off. It doesn’t make sense to save money when you have CC debt growing exponentially in the opposite direction. + +10. When in doubt... overpay. If you run short on money in your checking, but whoop, dip into the CC for 50 bucks. Keep basically nothing in your bank account because “you spend what you have.” My family could live off of $75 a week. But if we have $300 to live off of, guess what... we would use $300. So I would always put as much as made sense. A few times I overpaid but it forced us to be frugal. + +11. Unsave your cards on Amazon. So if you go to buy something you have to go through the hassle of finding the card and filling in the fields. + +These are just some of the silly things I picked up along the way that I think would’ve helped me stay out of the mess. We are so happy now that we worked our butts off to become financially stable. I hope this helped! + +EDIT: So many awesome comments! I understand these are basic tips and not hardcore financial advice. So please leave your advice, even if you disagree with my tactics because there’s a lot of comment lurkers who are scanning for more advice, so keep all the comments coming! +YouTube is probably the best way to learn trading for free. I've spent thousands of hours watching videos on day trading. Some channels were quite useful while others not so much. Most YouTube channels will try to sell you on some BS course. + +I decided to compile a list of helpful channels. I haven't watched all the videos of all the channels (which would be impossible) but I've watched a considerable amount of their videos. A lot of channels I follow are Indian channels (Hindi) so I've excluded them from the list since it may not benefit trader from other countries. + +**Here's a list of channels that might be helpful-** + +1. Rayner Teo. +2. Adam Khoo. +3. Urban Forex. +4. The Trading Channel. +5. Pivot Call. + + +6. Humbled Trader. +7. Trade with Trend. +8. Wyse Trader. +9. Data Trader. +10. Trading Rush. + + +11. Zerodha Online (Hindi + English) +12. The Swedish Investor. +13. CA Rachna Ranade. +14. ELearn Markets (Hindi + English) +15. Trading 212. + + +16. The Chart Guys. +17. PR Sundar. +18. Booming Bulls (Hindi with English captions). +19. The Madras Trader. +20. [Vikrant Chaudhari](https://www.youtube.com/channel/UCv_jrs9S4b1_FG-ziGXCSYg) (My Channel). + +This is the list of all the channels. Personally, I think you don't need courses to learn. Just books + YouTube + Experience is enough. + +**YouTube alone isn't enough.** + +If all you do is watch YouTube videos, you probably won't be profitable. You need personal experience too. YouTube videos show you perfect examples. Live trading is much more different. Anyone can analyse charts when they've already been formed. + +Live trading also has the element of greed and fear. You can't learn that stuff from books or videos. I think that after a while you just need to practice. Videos get boring and the same and you get stuck. + +That's when live trading comes into play. When I traded in the live market I became more skilled. Most books and videos are theoretical and only practice helps you after that. + +This is just my list and my opinion. If you know some more helpful channels, let me know in the comments. + +-Vikrant C. +I have bad credit, but I’m in the process of rebuilding it. Adding accounts & diversifying those accounts is good for having better credit, right? + +So, is it possible to get a loan from a bank for the amount of the car, but then also open up an account with them & deposit that same amount & set up auto-pay? That way it shows up on my credit report that I'm paying on time for a few months. + +Is this possible? Are there better alternatives? $3,500 is a good chunk of change for me right now, but I need a car soon. I just want to do it the smartest way possible to help myself out. +I created a [post a couple of days ago asking for advice on how to move forward with 150k euro NW at 31](https://www.reddit.com/r/eupersonalfinance/comments/i1ogfx/31_yo_guy_needs_some_advice/) + +And then I stumbled upon this US fatfire post [Any women here?](https://www.reddit.com/r/fatFIRE/comments/i2yblq/any_women_here/) + +> I am a man but my wife makes 75% of the HH income. She makes about $800k. $310k Salary and the rest is cash bonuses (company is a large financial institution that is private). No college degree for her. Completed HS by CDRom/remote learning. Started working on websites aged 16 as she was part of a cult (her mom joined when my wife was 12) + +How + +> Likewise , my wife makes about triple what I make 200k vs 650k & I couldn’t be happier. We feed off each other’s success . + +Can + +> and her own modeling career she’s pulling close to $350,000, working for no one but herself. + +Someone + +> For the record, I'm 28, DINK, NW ~2.1m, and find the lifestyle fairly MCOL beyond housing which is high, generally more "quiet" than Cap Hill but we like it a lot. + +Reach + +> Woman here. I work in tech and am the primary breadwinner. (Used to make ~2x husband, now the gap's larger due to him recently starting a business). Not FI yet, but nearing 1M NW at 29/31. + +this + +> Hi! I’m in tech and I pull in around 300 and my husband is in comms and makes about 200. + +before + +> Yes - SO and I contribute 50/50. We both make a little over 400 a year + +30 + +> I’m an employed female physician and my husband is a self-employed real estate consultant. I make about 75% (~400) of the household income. + +in + +> We aren’t close to FatFire yet or maybe ever, but around $500k gross joint income. I’m mid a 30s woman + +Europe + +> Just crossed 1M here a few months ago so looking forward to seeing the growth really accelerate (still contributing 300k/year as well) + +You will never get this salary in Europe. Not in a million years and I'm getting frustrated. I have a feeling that in the states you do a master and you don't take drugs you are earning 300k in corporate America for the rest of your life. + +As someone else pointed it out " In the USA - salaries are 2-3x higher across different fields of medicine, housing costs cheaper (outside of HCOL areas e.g. NYC or LA), cars half the price (look up Tesla model 3 UK price versus US), income tax lower (and a lot more write-offs in the US), cheaper gas. There are some things that are cheaper in the UK (e.g. quality groceries) - but overall you make more money in the US, pay lower tax, and pay less to consume goods (especially must have items such as cars). In short - the best way to fatFIRE in the UK - is to leave as quickly as possible to the United States." + +It is so unfair. Sorry for my rant +The suit was filed January 18th 2017, by the Consumer Finance Protection Bureau (CFPB) against Navient. + +First, know that the CFPB has requested that the Court order Navient to comply with the following actions, among others: + +1. Restitution to consumers harmed by Navient's conduct; + +2. Disgorgement of all ill-gotten revenue + + +Here are the details of the allegations: + +From [consumer affairs .com](https://www.consumeraffairs.com/news/feds-sue-student-loan-servicer-navient-011817.html): +>Specifically, the suit charges that Navient: +>> Fails to correctly apply or allocate borrower payments to their accounts; + +>> Steers struggling borrowers toward paying more than they have to on loans; + +>> Obscured information consumers needed to maintain their lower payments; + +>> Deceived private student loan borrowers about requirements to release their co-signer from the loan; and + +>> Harmed the credit of disabled borrowers, including severely injured veterans. + +From the [LA Times](http://www.latimes.com/business/la-fi-navient-lawsuit-20170118-story.html): +>In its lawsuit, the consumer agency alleged many other borrowers had problems enrolling in programs to reduce payments and Navient instead steered struggling borrowers into plans that made more money for Navient but saddled borrowers with higher costs. + +>Specifically, the government alleged that Navient maintained compensation policies that encouraged customer service representatives to push borrowers into forbearance, which allows borrowers to suspend payments without defaulting but does not stop interest from accruing. + +>However, most federal student-loan borrowers earned the right in 2009 to enroll in the less costly payment options that are based on their income. + +>Although those plans save borrowers money, forbearance was more lucrative for Navient, the agency alleged because the company could enroll borrowers in forbearance in less time and with less staff. + +>In all, the servicer slapped borrowers with additional interest charges of up to $4 billion by enrolling them in repeated forbearance plans from January 2010 to March 2015, according to the consumer agency. + +If you want to learn more about this, I highly encourage you to read the original complaint filed with the court by the CFPB. It is VERY readable (not filled with legalese) and reads as an absolutely scathing indictment of a company whose business practices targeted its most vulnerable customers in flagrant violation of the law. + +You can find the original complaint on the [consumer finance .gov website](http://files.consumerfinance.gov/f/documents/201701_cfpb_Navient-Pioneer-Credit-Recovery-complaint.pdf). They also [summarized the complaint on their website](http://www.consumerfinance.gov/about-us/newsroom/cfpb-sues-nations-largest-student-loan-company-navient-failing-borrowers-every-stage-repayment/). + +In the spirit of this sub, I'm sharing this information because there are plenty of people here who may have been a victim of these alleged practices. Including myself, as I've been paying down my Navient loans since 2012 and have several years to go. + +I'm going to read through the complaint again, and if anything important jumps out at me that I haven't mentioned, I'll update this post. + +**Edit:** +Additional allegations: + +(since July 2011) Disregard of borrower instructions when processing payments submitted by check with written instructions from the borrower specifying how the payment should be applied. + +(Jan 2010-March 2015) Using uncharacteristically vague email titles like “New Document Ready to View” to notify borrowers that they needed to renew their income-based repayment enrollment. During this time, the number of borrowers who did not timely renew their enrollment regularly exceeded 60% of borrowers and resulting, often, in capitalization of interest. + +**Edit:** There is no way to know how potentially impacted borrowers will be affected by the lawsuit. We will have to wait and see. Lawsuits of this magnitude often take a LONG time to get resolved. + +(edit: formatting, fixed a link) + +COMMENT 1 IF HOLDING! +THE LONGER WE HOLD THE HIGHER THE PRICE!!PRICE TARGET: $300! + +UPDATE FEB 2st, 2021: ROBINHOOD & OTHER BROKERS ARE STILL RESTRICTING RETAIL VESTORS OF LIMIT BUYING SHARES! + +THEY ARE MAKING YOU PANIC TO SELL! THE ONLY PEOPLE BUYING THE SHARES ARE HEDGEFUNDS! + +AMC has over 320,000 options expiring today. Read that again! Hold, out of 57 million shares about 45 are being shorted. Thats a lot of covering needed. This will explote people. Like this so that we can get it to the top. +Yes, Agriculture is the backbone of our country. And that most of farmers are too poor to pay taxes. + +But there are also many 'farmers' who earn crores of rupees under 'Agricultural Income' and don't pay either Income Tax or GST + +Salaried people have been bearing the burden of paying taxes honestly while these rich farmers (most of them are politicians) keep enjoying the Tax Exemption. + +In my opinion Agricultural Income above 2 crores should be taxed at 10% in my opinion. We can have a debate about the adeqaute tax rate, but to let a farmer earning Rs 10 crore and driving around in his Mercedez while not a paying a single dime in Taxes is unacceptable to me. + +And let's be honest. This exemption has also led to many people laundering their money from their other businesses and showing it as 'Agricultural Income' on their ancestral land. + +If poor farmers are given subsidies and loan waivers, then at the same time Rich farmers should be mandated to pay taxes too! + +What do you think?! +used to check in and read post for years on this sub but now everything is a daily thread. what is going on, no one wants that. just allow everyone to up or downvote posts on their own. +Just a friendly reminder and should have an impact on where investors look now. Sources: +https://etherscan.io/txsPending +https://blockchain.info/unconfirmed-transactions +https://etherscan.io/chart/tx +https://blockchain.info/charts +From market rebellion, “Putin is banning the export of products and raw materials until the end of the year” what will this mean for stagflation and the US economy in terms of raw materials? What stocks will benefit? + +Commodities may continue their rise up the rest of the year and we are in for even more turmoil than expected + + +Within the first week alone, Saturna touched a $110 Million market cap, and is about to reach 50,000 holders. With the absolute record setting growth for a new BSC token, Saturna is going to make sure it becomes one of the most known BSC tokens within this bullrun. + +Within the past week, Saturna has been blasted all over social media, being partnered with Twitter, Tiktok, and Instagram influencers all with followers ranging from the hundreds of thousands to the millions. The marketing campaign so far has been absolutely insane, and as the coin continues to grow, we have the power to attract larger and larger people (some of which are already in the talks right now). + +The AMA the Saturna team had yesterday proved to be a success as the price increased due to the hype generated. The FUD has been dispelled, the team has been completely open as to what the tokens' next moves are, and the rocket is actually taking off. + +Website - [https://saturna.co/](https://saturna.co/) + +PancakeSwap - [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44) +I am by no means fatFIRE but have diligently saved my whole life. There are some hobbies that only people with immense wealth could even consider pursuing. The one I dream about when I eventually hit a net worth of $4M is being able to pilot airplanes and recreational submarines. Be a female James Bond of sorts ;) + +Link: [https://www.youtube.com/watch?v=J926du1UNJA](https://www.youtube.com/watch?v=J926du1UNJA) + +Getting a private pilot's license with instrument rating costs about $28,000. And then you have to either rent a small plane or buy your own to be able to fly the 250 hours needed to become a certified flight instructor. + +Submarine pilot license costs about $40,000 USD to acquire through uworx. I don't know any other company that offers this type of training. To buy a personal submarine for yourself, you'll have to shell out about $1M. + +What are your fatFIRE only crazy hobbies? + +Edit: In a surprising twist of events, it appears that everyone wants to adopt astro photography! Check out u/d00fadingus incredible photographs: [https://www.astrobin.com/users/ebomber/](https://www.astrobin.com/users/ebomber/) + + +Edit2: u/jcarter593 owns a $1M rare coin! +Selecting a Bank account depends on individual preferences. Most of the individuals would have a bank account/ salaried account. A lot of individuals would have different bank accounts which cater to different purposes - For Example - Emergency Funds Account / Separate Account for a large expenses - Travel/ Marriage etc. + +I break down Bank Accounts into general preferences and will note down which options would suit a particular Individual. + +Safety of Money - Safety of money is the primary reason of putting money in bank. If a bank is mismanaged, it can lead to a person’s life savings getting eroded. + +Under the deposit insurance and credit guarantee corporation (DICGC) RBI has insured up to a maximum of Rs. 5 lakhs (principal + interest) if the bank’s license is cancelled or the bank is liquidated. If there is a joint account, each account will also be insured at Rs. 5 lakhs. All commercial and co-operative banks are included in the insurance policy. + +If the amount exceeds 5 lakhs in an account, the hierarchy of safety of Bank Accounts should be + +a) Systematically Important banks - Systematically important banks or banks that are too big to fail are amongst tZhe safest banks to invest because of their sheer size means that a failure of the banks would be catastrophic for the Indian economy. They are thus regulated to higher regulatory measures including additional common equity requirement. + +Currently there are 3 banks in the Systematically Important banks - SBI, HDFC Bank and ICICI Bank. + +b) Public Sector Banks- Public Sector Banks are amongst the safest banks as they are backed by the government. No government can afford to let a public sector bank fail as it may lead to economic chaos and political instability. + +Public Sector Banks - Bank of Baroda, Punjab National Bank, Canara Bank, Indian Bank, Bank of India, Indian Overseas Bank, Central Bank of India, Punjab and Sind Bank, Bank of Maharashtra. + +Note : Some of the banks are in discussions of getting privatized and may not be in the safest category. + +c) Large Private Sector Banks - Private Sector Banks with a good track record of corporate governance provide a good margin of safety. + +Large Private Sector Banks - Axis Bank and Kotak Mahindra Bank. + +d) Other Private Sector Banks & Foreign Banks - Next in line would be other private sector banks which are small to medium sized banks. + +Other Private Sector Banks - IndusInd Bank, Bandhan Bank, IDBI Bank, IDFC First Bank, Federal Bank, RBL Bank, City Union Bank, CSB, DCB, Karur Vysya, Karnataka Bank, J&K Bank, DBS and other banks. + +e) Small Finance Banks - Small Finance Banks have a shorter operating history than other banks and are thus below private sector banks. + +Small Finance Banks - AU Small Finance Bank, Ujjivan SFB, Equitas SFB and others. + +f) Co-operative Banks - Most Bank failures fail are in co-operative Banks. 1551 urban co-operative Banks failed in 2018. + +PMC Bank was amongst the top 5 urban co-operative banks in India before its failure which shows the systematic risk in co-operative banks. + +Larger Co-operative Banks - SVC Bank, Saraswat Bank, Cosmos Bank and Bharat Bank. + +Note : No depositor money has been lost even incase of larger bank failures such as Yes Bank, PMC Bank, Lakshmi Vilas Bank though there has been moratorium and other restrictions for different banks for different periods. + +After going through the above list, I have select 10 banks across different types for running past them the test + +SBI , HDFC Bank and ICICI Bank - Too Big to fail Banks + +Kotak and Axis Bank - Large Private Sector Banks + +IDFC First and RBL Bank - Smaller private sector Banks + +AU SFB and Equitas SFB - Small Finance Banks + +DBS - Digital Foreign Bank + + +Minimum Account Balance - Maintaining a minimum account balance is difficult for individuals and a lot of individuals would prefer lower minimum account balance as the penalties may erode your bank account balance Below are the banks with their Minimum Account Balance requirements (not including Basic Savings Bank Deposit Accounts as its has a maximum account balance of Rs. 50000 and other restrictions). + +Kotak 811 - Digital onboarding - MAB - Nil + +SBI Savings Bank Account / SBI Basic Savings Account - Nil. + +RBL Bank - Digital Onboarding - Prime Digital Savings Account - Rs. 5000. No MAB if RD/ SIP of 2000 is taken. + +Digi bank by DBS - Digital Onboarding - MAB - Rs. 5000 + +Niyo X Equitas Digital Savings Account - Digital Onboarding - MAB - 10000. However, there are no charges on non-maintenance of MAB as on date. + +IDFC Vishesh Savings Account - MAB - 5000. + +AU Savings Account - MAB - 5000 + +HDFC Bank - Regular Savings Account - MAB Rs. 10000 - Urban / Metro (There are other accounts which have more benefits and MAB for the same are Rs. 25000) + +ICICI Bank - Regular Savings Account - MAB - Rs. 10000 - Urban / Metro (There are other accounts which have more benefits and MAB for the same are Rs. 25000) + +Axis Bank Easy Access Savings Account - MAB - 10000 - Urban / Metro (There are other accounts which have more benefits and MAB for the same are Rs. 25000) + +The benefit of digital account is the ease of opening and operating an account and how efficient it is and it saves the hassle of going to a branch and stuff. I personally use Kotak 811 which is a zero balance account and has no charges for online bank transfers and works perfectly for an emergency / second account or for a pure digital account. Mobile banking works well and the on-boarding procedure was seamless. + +If there are other decent zero balance accounts / digital banks, comment below. + +Interest Rates - + +Savings Account - When starting out every penny counts, Attaching the Savings account interest rates for the selected banks. + +RBL Bank - 4.25% upto 1 lakh, 5.75 % from 1-10 lakhs + +IDFC First Bank - 4 % upto 1 lakh, 4.5 % from 1- 10 lakhs + +Equitas (Niyo X) - 3.5 % upto 1 lakh, 7 % from 1-10 lakhs. + +AU Small Finance Banks - 3.5 % upto 1 lakhs, 5% from 1-10 lakhs. + +Kotak Mahindra Bank - 3.5% upto 1 lakh, 4% from 1 to 50 lakhs. + +DBS - 3.25 % upto 1 lakh, 3.5 % from 1-2 lakh and 4 % from 2-5 lakhs. + +HDFC Bank - 3.50 % upto 50 lakhs + +ICICI Bank - 3% upto 50 lakhs + +Axis Bank - 3% upto 50 lakhs + +SBI - 2.70 % + +Fixed Deposits for the Banks - Fixed deposits are the most preferred security investment for Indians. Below are the banks with their interest rates for FD as on date . The rates are for 1 year (+1 day for general citizens ) + +RBL Bank - 6.50% + +Equitas - 6.35 % + +AU Small Finance Bank - 6.10 % + +IDFC First Bank - 5.50% + +Axis Bank - 5.1% + +SBI - 5% + +ICICI Bank - 4.90% + +HDFC Bank - 4.90% + +Kotak - 4.5% + +DBS - 4.25 % + +Other facilities - + +Public Provident Fund - Public provident Fund is a decent investment which provides a solid interest rate is tax exempt. Of the selected Banks only a few banks provide Public provident fund facility. + +SBI + +HDFC Bank + +ICICI Bank + +Kotak Bank + +Axis Bank + +ASBA - ASBA Facility is the most reliable way for applying for a IPO and for some individuals having an ASBA account is very important. All selected banks except Equitas SFB provide ASBA Facility. + +HDFC Bank + +ICICI Bank + +Kotak Bank + +Axis Bank + +SBI Bank + +RBL Bank + +IDFC First Bank + +DBS + +AU Small Finance Bank +g and Customer Care - The opinions would be relating to my personal experience and can differ from person to person. + +SBI has a bad rep for having bad customer care and I would partly agree to it, if you have some issues, it may take a longer time to resolve. However amongst the larger banks, the digital infrastructure of SBI is very robust and amongst the best I have used. + +HDFC Bank has the worst internet banking system spewed with a 1000 ads and promotions and is very unreliable, also I have had bad experiences even relating to customer care by the Bank. + +ICICI Bank due to their size also has frequent downtime issues however it is slightly better than HDFC Bank. + +I have personal accounts with Kotak 811 and RBL Bank and can personally vouch their digital and mobile banking infrastructure is very good. I have had no complaints from that end. + +Digi Bank and Niyo X also have solid internet infrastructure and have had solid reviews at least from people who I know. + +IDFC First Bank earlier had a very liberal savings account interest rate but that is not the case now. There were some issues with ASBA account in which not all IPO’s were available, I am not sure if that has been resolved. - Example - Brookfield REIT was not listed. + +I have not used AU SFB and Axis Bank accounts so don’t really have an opinion, but online reviews for both are fairly positive. + +Conclusion - I have tried to put a basic set of list to enable individuals making a more informed decision about opening a bank account. Let me know if you use any bank accounts which are very efficient and if you have a positive opinion on the same. +After spending a considerable amount of time in many alt coin subreddits, here are the common themes preached across the board: + +1. Bitcoin is speculative garbage while the subreddit's coin has "real utility". +2. POW > POS & POS > POW - Depends on the subreddit's coin. +3. Atleast one post of someone going *all in* on the coin stating it to be the next best thing right after the internet. +4. The team behind the subreddit's coin is the best team in all of crypto and they have the best funding, best track record, precise development schedule, bug fixes and frequent social engagement. +5. The coin is the most undervalued project and deserves to be in the top 5, hell it should even surpass the marketcap of bitcoin, people are just waiting for mass market adoption! +6. How the coin would bring financial freedom from evil central banks and would rebuild the financial system from scratch. +7. Daily price prediction posts where OP states how early everyone is, like Bitcoin in 2009 early. To the moon!!! 🚀🚀🚀🚀 +8. All the flaws in the coin are suppressed while the breakthroughs are celebrated: If OP even mentions any kind of concern, the post is downvoted to oblivion. On the other hand, any good news on the coin is reacted with, "Finally the sleeping giant is waking up!!" +9. Fuck the whales, buy the dip!!! +10. New people are asked to buy and hodl. +11. FUD accounts present on the sub only talk negatively about the coin + +Let me know if I missed anything. Feel free to add it below and I'll edit it into the post. +Quick background: I’m a 30 y/o woman who has been in the tech industry for over 10 years. I was always overworked and underpaid in the startup life, so I stopped the rat race for a bit and became self-employed. I stayed SE for years to take care of my mental/physical health but recently decided I needed something a bit more stable and predictable. Now, back at a startup with healthier boundaries, full benefits, and my income is 220k. I worked really hard to save over the years on a lower income, remained frugal, sacrificed a lot in order to invest in my first rental property (ex. no traveling). I’m used to living with very little and have been pretty disciplined about my finances. Almost to a point of unhealthiness, as I’ve been driven by the fear of being homeless and broke again (between college semesters, a story for another time). + +I am moving to the LA area with my fiancé and am trying to budget for a place. I don’t know what’s reasonable for the area versus outright ridiculous (this is a blurry line, esp in LA, it seems), and I’m just trying to make sure I choose a responsible budget. I then quickly realized that I don’t have one. I have lived so frugally for so long that I just save as much as possible and work with what’s left, but I know this is not necessarily sustainable nor needed. I am a little financially behind, and beat myself up over it often, so perhaps, that’s clouding my ability to make a damn budget as well. What is a responsible budget for renting to begin with? + +Here’s my financial breakdown: + +20k in retirement +15k in investments +75k in savings (I know, this is dumb, hence why I’m here lol) +220k salary +(Combined income with fiancé is 320k) + +EXPENSES +$2100 current mortgage +$750 car payment (this is the only real “nice” thing I own. I know I’m about to get burned in this thread for this haha. I have a Tesla and the environmental factor is a big incentive for me as an inhabitant of earth and whatnot :) +$100 car insurance +$100 health insurance +$50 recurring subscriptions + + +Any help, advice, tips, and suggestions on housing costs (esp if you live in the LA are) are highly welcomed and encouraged. Appreciate it! + + +tl;dr I used to make 50k but now make 220k, I have no idea what to do with the money or what a healthy budget looks like for this... +Back again for another rant... + +I feel like I can't go one day without thinking about being poor. I am constantly planning and budgeting and thinking of ways to make money. + +When I'm not working I'm calling places to attempt to get extensions on my bills. I'm doing surveys and scanning receipts several times a week for pocket change. + +I'm just tired. Physically and mentally, I'm tired. I couldn't imagine what a small hand-up could do for me. Like if I could just get ahead for a little bit I would be fine... + +I'm sure others feel the same. +No joke, we went from spending almost $300 at Walmart or Kroger every week for 2 adults and a toddler to $160 at Aldi. The produce is so much greener too, meat is always fresh. Seriously, cannot be overstated enough how amazing this place is by literally saving me like $7000+ a year. +TLDR; I’m a mom and seeing y’all eating ramen is stressing me the fuck out. The vast majority of our ape brethren are likely men, so I’m here to help. + +My kids are with their dad for the Summer, so I’ve been on a strict diet of ‘fuck everything else, buy more GME.’ No bullshit. I haven’t gotten my nails done in months and I’m eating the same damn thing everyday. Post-MOASS, I’ll be feasting on ribeye and filet marinated in the tears of the wealthy elite. Until then… + +Breakfast + +Smoothies: + +🚀 Bag of frozen fruit ($5-$10) + +🚀 One large carton of vanilla yogurt ($2.50) + +🚀 One bag spinach ($2.00) + +🚀 One carton of plain oats ($2.00) + +Total: $16.50 + +Blend one cup frozen fruit (no need for ice), 1/4 cup of yogurt, 1/4 cup old fashion oats (uncooked), handful of spinach, and add water or juice. Boom. Breakfast smoothie. + +Tired of smoothies? Cook the oatmeal and add honey, fresh fruit, and/or brown sugar. Boom. Healthy oatmeal. + +OR + +🚀 One dozen eggs ($2.50) + +🚀 One loaf of whole wheat bread ($2.00) + +🚀 Bag of grapes ($3.50) + +🚀 Bunch of bananas ($3.00) + +🚀 Box of blueberries ($1.50 + +Total: $12.50 + +Don’t like smoothies? Great, you save $17.00 and boom... Eggs, toast, OR French toast and fresh fruit. + +Lunch AND dinner: + +🚀 Big ass bag of rice (brown, basmati, white, whatever… I buy basmati… $8.00) + +🚀 Two cartons of low-sodium chicken or beef stock ($2.50/ea, $5) + +🚀 A bag of beans (black, red, garbanzo, whatever… I buy garbanzo) ($1.29) + +🚀 A large bag of frozen vegetables (I buy broccoli florets or mixed… $2.50) + +🚀 Three avocados (@ $1.50/ea, $4.50) + +🚀 Meat (optional).. I buy ground turkey or ground chicken ($5.00-$7.00) + +Total: $28.29 + +Grand total: $57.29 + +Pro tip: use chicken or beef stock instead of water to cook the rice. More flavor and it’s delicious. Cook your meat with salt/pepper/whatever, steam your veggies (you can cook your spinach and throw that in, too) cut up half of an avocado (when ready to eat. They go bad quick), and toss on top. + +You’ll spend under $100/mo if you buy the rice, oats, bread, eggs and meat in bulk. Frozen fruit can be expensive (fresh fruit is fine) but don’t spend more than $10/bag. + +Pros: These items are extremely versatile, easy to make, and will last you all week - if not longer. Budget-friendly and a million times better for you than ramen (high sodium content). Also, MORE GME. + +Cons: You’ll never want to eat a single grain of rice again when this is over. + +If you have other healthy meal suggestions, drop them in the comments. + +Take care of yourselves. 🚀🚀🚀🦍🤘🏻 + +Edit: I’m not worthy, but thanks for the awards. Legitimately want everyone here to be happy and healthy. ❤️ + +Suggestions from our ape brothers and sisters added are in the comments. + +u/bvttfvcker (lmfao, I love this sub): Tired of Rice and wanna treat yourself to some protein? Quinoa is fuckin hella cheap as well. + +u/PollutionNice7392: Ever try boiling an old boot? + +u/KateSoundsGood: Protip. When cooking rice with stock dont use more salt. Stocks has plenty. + +I also cook grits with stock. + +Mmmmm. Soooooo good. + +Mainly use veggie stock. + +u/PrecariouslyLevel: Also, make sure you add garlic. Butter garlic sticky rice (I use medium grain) is great stuff even when you're not trying to budget. + +Potatoes are cheap, filling and HIGHLY nutritious. You can live for months at a time on just potatoes -- the longest I did was three months, but then I had to break for travel. Add a little dairy and you've got a diet that supported people in great health for hundreds of years. I'll blow a couple of extra pennies to keep up on the nutrition side. +I read Up Wall On Wall Street last year and I was playing around with Python programming, so I thought, why not try to get the PEG ratio for all the companies within S&P? However, I made a few adjustments and filters along the way. + +This post will be divided into three segments: + +1. My approach to calculating the PEG ratio (hence, why I mentioned adjusted in the title) +2. The companies with a ratio below 1 (If you are only interested in that, well, you'll notice the table) +3. The distribution of the S&P500 companies based on the ratio + +&#x200B; + +1. **My approach** + +First of all, the PEG ratio (Price/Earnings ratio divided by growth) is a bit of an improved ratio compared to the traditional P/E ratio as it does take future growth into account. + +However, the P/E ratio on its own ignores a lot of information, so I made a few adjustments and will illustrate them with short examples. + +If we have two identical companies that earn $100k/year in net income, each one with a market cap of $1m, the P/E ratio is the same = 10. However, what if one of the two companies had $500k in cash in addition? Well, in a perfect market, the market price will be $500k higher. This difference in the market price, although justified by the fundamentals (the excess cash), will result in this company having a P/E of 15 and appearing more expensive compared to the one without the cash. + +So, I adjusted the market cap for the cash on the balance sheet & the debt (for the same reason) and get close to enterprise value instead of the traditional market cap. Is this perfect? Not really, but the outcome is better. + +Now, once I have the P/E ratio, the next part is looking at growth. + +When there are events with high impacts (pandemic, wars, supply chain issues), in most cases there were temporary decreases/increases in earnings (part of the P/E ratio) and temporary growth/decline ahead that is not sustainable in the long run. So, as a proxy for net earnings growth, I took the average analyst estimates that are available on Yahoo Finance, two years down the line So the EPS growth from 2023 to 2024. Is this a perfect indicator for sustainable earnings growth? Absolutely not, it's quick and dirty and that's the best I can come up with. + +In the book, Peter Lynch rightfully mentions that dividend yield should also be taken into account in addition to future sustainable growth. If a company pays out dividends, it has less cash remaining to re-invest and grow further. This should not lead to punishing the company measuring through this PEG ratio. + +So the formula that I'm using is as follows: + +***(Enterprise value / Net income from continuing operations) divided by (Forecasted EPS growth + current dividend yield)*** + +After running the script, I had the outcome for 374 companies. Not 500, as the future EPS forecast isn't available for all. There go 20% of the companies. + +Afterward, I had to filter out the companies with negative P/E ratios and negative EPS growth (for obvious reasons) and I was left with **278 companies**. + +&#x200B; + +**2. Companies with PEG ratio below 1** + +&#x200B; + +|Ticker|Name|PEG ratio| +|:-|:-|:-| +|NRG|NRG Energy Inc |0.2| +|AIZ|Assurant, Inc. |0.28| +|FOXA|Fox Corp Class A |0.36| +|TGT|Target|0.38| +|MGM|MGM Resorts|0.38| +|PVH|PVH Corp |0.39| +|LUV|Southwest Airlines|0.44| +|TER|Teradyne, Inc |0.46| +|BBWI|Bath & Body Works Inc |0.5| +|BBY|Best Buy Co Inc|0.51| +|FOX|Fox Corp Class B|0.53| +|STX|Seagate Technology Holdings PLC|0.54| +|DXC|DXC Technology Co|0.56| +|HAl|Halliburton Company|0.59| +|ATVI|Activision Blizzard, Inc|0.63| +|HPE|Hewlett Packard Enterprise Co|0.64| +|SLB|Schlumberger NV|0.64| +|RL|Ralph Lauren Corp|0.64| +|BWA|BorgWarner Inc|0.65| +|DAL|Delta Air Lines, Inc|0.68| +|GRMN|Garmin Ltd.|0.79| +|CMI|Cummins Inc.|0.84| +|MLM|Martin Marietta Materials, Inc.|0.84| +|TPR|Tapestry Inc|0.87| +|LMT|Lockheed Martin Corporation|0.88| +|DLR|Digital Realty Trust, Inc|0.88| +|AMAT|Applied Materials, Inc.|0.94| +|EQR|Equity Residential|0.94| +|HES|Hess Corp.|0.96| +|NKE|Nike Inc|0.97| +|PGR|PROG Holdings Inc|0.97| + +&#x200B; + +**3. The distribution of the S&P500 companies based on the ratio** + +The interpretation of the score is defined as follows: +If under 1 - Stock is undervalued + +If 1 - Fairly valued + +Over 1 - Overvalued + +Out of the 278 companies, the distribution is as follows: + +PEG under 1 - **31 (11.2%)** + +PEG between 1 and 1.5 - **33 (11.9%)** + +PEG between 1.5 and 2 - **43 (15.5%)** + +PEG between 2 and 3 - **69 (24.8%)** + +PEG over 3 - **102 (36.7%)** + +&#x200B; + +I thought someone mind find this interesting, so why not share it with the rest? + +I hope you enjoyed the post and feel free to critique it :) +First house was my primary residence for six years, fully owned. HCOL (in the US). Appreciated from $850K -> 1.5 Mn + +Moved out, rented the first (earn $4K in rental/month), and bought 2nd house for \~ $2.2 Mn. + +Lost job, unable to pay full mortgage for 2nd @ $12K/Month. Rental + wife’s job contributes to $7K of the mortgage. + +Wonder if I can take something from the equity of the first and pay for 2nd. What are my options? + +I am in my forties. + +&#x200B; + +1. Reverse Mortgage a good idea? First house will appreciate more. Don’t want to sell. +2. Other equity-based options? +3. Sell first house? Prefer not to. +4. Other options? + +**EDIT:** This has received more attention than I anticipated. + +Some clarifications. + +I am not in dire straits. I can pay off the mortgage for the 2nd house from my stock/RSU/ESOP savings, but I will be giving it away for a lower price, considering the market now. + +I work in tech and have wealthy friends/colleagues who can help me in times of trouble. + +Considering that I have a first house that’s fully paid off, I wanted to understand the **options on it**. If I sell that house today to pay part of the 2nd house and refinance, I can get out of this problem. But I wasn’t sure if that is the best path forward. Thoughts? + + +*My 2nd house is in a prime neighborhood in the Bay Area. Even in 2008, real estate did not depreciate. In fact, it never has. I expect the value to go up despite the current conditions.* +I am from the UK where we have seen a rapid increase in the price of all property over the last X number of years. A lot of concern is put on first time buyers being unable to afford a down payment on a mortgage and the increased chances of being a generation of renters. This appears to be an ongoing trend in a lot of places. + +With an increase of house prices outpacing an average income and a seemingly larger percentage of housing stock ending up in the rental market, what happens if the percentage of an income reaches 80% or more of an average families budget? It's alright for a portfolio to be leveraged to buy more rental properties but if the average mortgage/rent payment eventually becomes £1200 and an average income is around the £1500-£2000 range then surely it makes the average earner unable to rent there therefore jeopardising the ability to fulfill the mortgage? A lot of counter arguments say you now need two incomes to buy but that never factors in the fact that the average salary is still relatively static and that housing isn't the only thing that is expensive or inflationary (childcare, food etc.) as well as illness, pregnancy or macro-economic effects such as covid. + +To me, it seems like the whole model collapses if the fundamental price of rent (typically more than the equivalent mortgage) is only going to increase without an increase in average income. Due to low interest rates, the house prices seem to have inflated and not actually had any fundamental reason to increase at the rate that they have and the knock on effect is that now housing costs are way higher % of income than what is recommended. What happens when a teacher, a cleaner, a mechanic, an electrician, a chef, or a police officer can no longer to afford to live in an area without paying all their money to cost of living? + +Doesn't this also fundamentally stifle actual economic growth? Housing doesn't actually produce any economic goods and only provides a basic service so an increase in house prices fundamentally doesn't increase productivity in an economy. Excess money spent on it prevents that money being in circulation in the actual economy. + +If the ratio of rent/mortgage to salary keeps increasing what could happen? +Am I the only one thinking damn, I wish I had more money to invest in ETFs right now, as this recession looks like big discount and markets can't go any lower. + +Or am I too optimistic and everything is doom and gloom? +What's up fellas at Theta Gang. I made a tool called [FD Ranker](https://www.swaggystocks.com/dashboard/stocklabs/fd-ranker) that logs the average IV of some popular stocks. The tool is inclusive of almost 1,000 tickers now. + +**What is this tool good for** + +I often use the theta gang wheel strategy by selling cash secured puts close to at-the-money and I like to see where I can get some bang for my buck. A quick scan of the list will tell me what IV is looking like for certain stocks and when earnings is coming up and whether or not I want to do a weekly theta YOLO for earnings. You can sort by IV, stock price, or Earnings and filter by ticker. + +Here's some of the top tickers from this weekend. Instead of making a full list of tickers ranked by IV, I'll share some of the more common tickers mentioned. + +# High IV Tickers List + +\*Some of the market cap data is off, so always double check before entering any plays! + +|Ticker|Market Cap|Stock Price|IV (%)| +|:-|:-|:-|:-| +|RIOT - Riot Blockchain...|3.32B|$48.05|247%| +|CCIV - Churchill Capit...|8.25B|$37.89|245%| +|MARA - Marathon Patent...|2.45B|$38.40|232%| +|TLRY - Tilray Inc - Cl...|3.88B|$29.68|229%| +|GME - Gamestop Corpor...|3.65B|$51.41|209%| +|APHA - Aphria Inc|5.38B|$17.01|182%| +|SRNE - Sorrento Therap...|3.79B|$14.43|179%| +|AMC - AMC Entertainme...|1.6B|$5.56|179%| +|SOLO - Electrameccanic...|647M|$7.88|172%| +|NNDM - Nano Dimension ...|155M|$15.57|164%| +|HYLN - Hyliion Holding...|2.91B|$19.05|163%| +|QS - QuantumScape Co...|11.3B|$53.87|162%| +|FUBO - fuboTV Inc|3.15B|$45.90|161%| +|DGLY - Digital Ally In...|95.1M|$2.56|160%| +|LAZR - Luminar Technol...|8.25B|$37.37|152%| +|SPCE - Virgin Galactic...|12.8B|$54.18|148%| +|ACB - Aurora Cannabis...|2.46B|$12.40|143%| +|FCEL - Fuelcell Energy...|8.45B|$25.79|141%| +|CRON - Cronos Group In...|4.41B|$12.23|138%| +|SBE - Switchback Ener...|1.19B|$38.03|135%| +|PLTR - Palantir Techno...|46.8B|$31.61|132%| +|BLNK - Blink Charging ...|1.85B|$50.77|132%| +|PSTH - Pershing Square...|6.05B|$30.16|132%| +|WKHS - Workhorse Group...|4.35B|$36.08|129%| +|ARCT - Arcturus Therap...|1.8B|$72.72|128%| +|RIG - Transocean Ltd|2.17B|$3.54|128%| +|JMIA - Jumia Technolog...|5.55B|$61.40|124%| +|CODX - Co-Diagnostics ...|480M|$16.87|124%| +|OSTK - Overstock.com I...|4.57B|$105.94|122%| +|APXT - Apex Technology...|546M|$15.13|118%| +|NKLA - Nikola Corporat...|8.39B|$21.78|115%| +|CGC - Canopy Growth C...|15.1B|$40.33|111%| +|BB - BlackBerry Ltd|7.35B|$12.88|111%| +|AI - C3.ai Inc - Cla...|0|$152.64|111%| +|CRSR - Corsair Gaming ...|3.96B|$42.70|105%| +|LL - Lumber Liquidat...|817M|$28.38|104%| +|LMND - Lemonade Inc|9.28B|$164.25|103%| +|SFIX - Stitch Fix Inc ...|5.34B|$84.26|102%| +|XPEV - XPeng Inc - ADR...|22.8B|$46.67|102%| +|GRWG - GrowGeneration ...|2.1B|$56.77|100%| +|UPWK - Upwork Inc|6.93B|$56.65|98%| +|NIO - NIO Inc - ADR|93.4B|$59.72|96%| +|BBBY - Bed, Bath & Bey...|3.41B|$28.25|93%| +|DASH - DoorDash Inc - ...|0|$205.09|93%| +|PLUG - Plug Power Inc|29.6B|$62.72|93%| +|HUYA - HUYA Inc - ADR|8.01B|$33.92|92%| +|GSX - Gsx Techedu Inc...|15.2B|$103.48|91%| +|FSLY - Fastly Inc - Cl...|10.4B|$100.45|91%| +|APPS - Digital Turbine...|7.66B|$85.39|91%| +|PRPL - Purple Innovati...|2.4B|$39.52|90%| +|IQ - iQIYI Inc - ADR...|19.3B|$26.32|90%| +|RKT - Rocket Companie...|2.38B|$20.55|89%| +|CRSP - CRISPR Therapeu...|11.4B|$158.73|88%| +|ABNB - Airbnb Inc - Cl...|128B|$211.23|88%| +|BYND - Beyond Meat Inc...|11B|$175.39|87%| +|CNK - Cinemark Holdin...|2.43B|$20.45|84%| +|FVRR - Fiverr Internat...|10.4B|$322.13|83%| +|SEDG - Solaredge Techn...|16.9B|$328.14|82%| +|CCL - Carnival Corp. ...|22.7B|$20.46|82%| +|SNOW - Snowflake Inc -...|85.2B|$296.54|81%| +|W - Wayfair Inc - C...|21.3B|$291.09|79%| +|HOME - At Home Group I...|1.6B|$24.55|79%| +|COTY - Coty Inc - Clas...|5.2B|$6.75|78%| +|DBX - Dropbox Inc - C...|7.75B|$24.29|77%| +|M - Macy\`s Inc|4.62B|$14.79|77%| +|CLDR - Cloudera Inc|5.94B|$18.89|76%| +|ROKU - Roku Inc - Clas...|59.5B|$465.61|76%| +|BIDU - Baidu Inc - ADR...|109B|$312.70|76%| +|NOK - Nokia Corp - AD...|2.75B|$4.18|76%| +|CVNA - Carvana Co. - C...|13.9B|$295.99|76%| +|MRNA - Moderna Inc|72.7B|$182.92|75%| +|PENN - Penn National G...|18.5B|$118.15|73%| +|ZM - Zoom Video Comm...|124B|$431.44|73%| +|NCLH - Norwegian Cruis...|5.06B|$23.41|73%| +|ENPH - Enphase Energy ...|26.1B|$204.07|73%| +|DKNG - DraftKings Inc ...|23.9B|$60.84|72%| +|X - United States S...|3.63B|$16.45|71%| +|OXY - Occidental Petr...|23.6B|$25.34|71%| +|FROG - JFrog Ltd|6.01B|$66.25|70%| +|TTD - Trade Desk Inc ...|36.2B|$860.95|70%| +|U - Unity Software ...|34.1B|$124.94|70%| +|GPS - Gap, Inc.|8.63B|$23.00|70%| +|SAVE - Spirit Airlines...|2.98B|$30.38|70%| +|FEYE - FireEye Inc|4.89B|$21.32|69%| +|ETSY - Etsy Inc|29.5B|$232.16|68%| +|SHAK - Shake Shack Inc...|4.94B|$128.13|66%| +|SE - Sea Ltd - ADR|121B|$275.02|65%| +|NET - Cloudflare Inc ...|26.4B|$84.67|65%| +|AAL - American Airlin...|10.4B|$17.27|65%| +|CZR - Caesars Enterta...|13.5B|$79.88|64%| +|PTON - Peloton Interac...|40.8B|$154.01|63%| +|ZS - Zscaler Inc|30.4B|$225.05|63%| +|LB - L Brands Inc|13.1B|$47.53|62%| +|TDOC - Teladoc Health ...|42.6B|$293.21|62%| +|ESTC - Elastic N.V|14.6B|$165.90|62%| +|CHWY - Chewy Inc - Cla...|47.3B|$117.62|62%| +|RCL - Royal Caribbean...|15.2B|$67.46|62%| +|CRWD - Crowdstrike Hol...|45.6B|$240.14|61%| +|SQ - Square Inc - Cl...|116B|$271.92|61%| +|SMAR - Smartsheet Inc ...|10.3B|$84.22|60%| +|CREE - Cree, Inc.|13.7B|$122.75|60%| +|PINS - Pinterest Inc -...|51.9B|$84.20|60%| +|TWLO - Twilio Inc Clas...|61B|$434.29|60%| +|Z - Zillow Group In...|45.2B|$198.48|59%| +|TSLA - Tesla Inc|784B|$808.05|59%| +|DOCU - DocuSign Inc|49.1B|$261.48|58%| +|TWTR - Twitter Inc|57.2B|$71.76|58%| +|DISH - Dish Network Co...|16.5B|$31.40|58%| +|SNAP - Snap Inc - Clas...|92.3B|$62.13|57%| +|UAL - United Airlines...|12.9B|$43.69|57%| +|SHOP - Shopify Inc - C...|175B|$1446.98|56%| +|TAN - Invesco Capital...|5.05B|$120.34|56%| +|DDOG - Datadog Inc - C...|23.5B|$112.19|55%| +|LYFT - Lyft Inc Cls A|17.8B|$57.37|54%| +|HAL - Halliburton Co....|17.9B|$20.07|54%| +|TEVA - Teva- Pharmaceu...|12.2B|$11.11|54%| +|EAT - Brinker Interna...|3.04B|$66.31|53%| +|YETI - YETI Holdings I...|6.36B|$73.06|53%| +|WYNN - Wynn Resorts Lt...|12.7B|$117.15|53%| +|MGM - MGM Resorts Int...|17.8B|$35.69|52%| +|UBER - Uber Technologi...|107B|$60.44|52%| +|SPLK - Splunk Inc|28B|$172.90|51%| +|PBR - Petroleo Brasil...|22.2B|$10.59|51%| +|MELI - MercadoLibre In...|96.8B|$1938.71|51%| +|VALE - Vale S.A. - ADR...|92.5B|$17.44|50%| +|WDC - Western Digital...|20.1B|$65.65|50%| +Saturna just got listed on CMC. After finding support at $6M, get in before it’s too late + +Cryptocurrency has been a devilish game as of late, trapping both bulls and bears into what feels like an eternal struggle, rocketing up to give you hope, and crashing down to test your faith. + +Through this, the memecoin market has certainly had its fair share of difficulty, the rush of day trading slipping as the market falls into a malaise. + +Luckily, the Saturna team has been hard at work throughout the crash and has been working on delivering several new developments that will prove exactly how you turn profit even in bearish conditions. + +With the **NFT Marketplace** fully underway, and a number of talented artists already onboard, $SAT is building the type of infrastructure necessary for the rebuild of BSC and, as the network inevitably blows back up, should see the benefits of redistribution. + +You see, these liquidation events, while damaging for short-term confidence, offers not only bullish opportunities to **buy the dip**, but to get in on assets that could benefit from traders rethinking their portfolios. + +So with **today’s CMC listing**, Saturna is going to take advantage of this quickly recovering market. These tailwinds should propel the price and popularity to new heights. + +Since it just happened you’ll see a fast-moving and resilient project like this begin to capture not just the interest of the network, but of all of cryptocurrency. + +You only need to look towards ERC-20 memecoins for an idea of what emerging out of a correction can do for you. **The ones who kept at it are well into the billions.** + +Oh and when mass adoption actually occurs? Forget about it. + +So **enjoy the dip at $6M** while you can for a token with over **50k holders**. Enjoy the merchandise soon to arrive as well as new team members coming on to further the reach and influence of Saturna. For a token less than a quarter old, this is still only the beginning. + +CoinMarketCap - [https://coinmarketcap.com/currencies/saturna](https://coinmarketcap.com/currencies/saturna) + +Website - [https://www.saturna.co/](https://www.saturna.co/) + +Telegram - [https://t.me/saturna\_TG](https://t.me/saturna_TG) + +PancakeSwap - [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44) +I get that it’s been a big trend in Sydney with a big competitive and lucrative market, but I’m living in a town of 30k people and it’s becoming increasingly common here even for basic houses or houses in traditional investment areas. + + +I’ve been looking for a house and obv I can guess what it would be worth based on the rare houses with prices. But it’s just a pain when you want to know what price a place is and if it’s in your budget without being locked into discussions with a real estate agent and them contacting you thereafter with follow ups and suggestions. + +**edit - also the popularity of sales prices being listed as ‘not disclosed’, I get everyone has the right to have privacy but why has real estate become some big lucrative secretive dealing instead of listing a house for sale and people looking within their price range and buying it all openly.** + +I’ve noticed the US doesn’t do it (I know their system and economy is a different kettle of fish) but it would be nice to be able to see if a property is in your price range or not for once. +Edit (6/7/2021): Made some significant additions and refinements to the content here (had to cut a bunch due to character limit :( + +>Thanks u/redchessqueen99 and the Mods for choosing to drop the coveted " Not-A-Cat Golden Bananya Award" award on this. Too bad the primary contributor on this was my financial advisor who is a cat (I just plagiarized him) + +[Gooby wearing a captain hat \(don't remember why\)](https://preview.redd.it/nso6dqcr1v371.png?width=447&format=png&auto=webp&s=1dbc6532556c7429a7976d75d71f204be5a3b7bf) + +# Personal note + +Feel free to use the contents of this post however you want. Don't worry about asking for permission to copy it, cross-post it, translate it, refine and use it in your own posts, etc. + +Leave a comment if you have any questions. If you prefer Chat or do not meet karma requirements, you can hit me up on chat as well + +>Note that, while I may have a good grasp on the concepts broken down in this post, my background is not in finance, investing, or trading, so there may be some questions I do not have the answer do (especially if they are not called out in this post) +> +>Also, there is always the possibility some info in here is not quite right, so if you see something off, let me know and I will fix it + +I have found myself more active on [Twitter](https://twitter.com/intent/user?screen_name=HCMF_MaceFace) than I ever really expected to be, so feel free to [follow me](https://twitter.com/intent/user?screen_name=HCMF_MaceFace) if you want things like the below: + +* Antagonizing Market Adversaries, MSM Shills, etc. +* Memeing with SuperStonk and the other Apes in the community +* Getting Notifications for Future DD I post + +Finally, I am of Norse ancestry and love coming up with catch phrases that I later translate to Norsk (Norwegian). I stamp this post with the below: + +>Hedgies, velkommen til helvete. Vi kommer for tårene dine. + +# Intro + +This post will give a *relatively* simplistic breakdown of the current situation and landscape of GameStop Stock, or GME as it is known on the New York Stock Exchange. It will summarize the theory that it will soon reach astronomical levels during a market, or the Mother of all Short Squeezes (MOASS) Thesis. + +The core intention of the post is to summarize the MOASS Thesis and the key market concepts associated with it for investors who are not fully up to speed on it, as well as those who are newer to the stock market in general, and are interested in investing. + +**That being said, this writeup is NOT intended to serve as a source of proof/evidence behind this theory, and it operates under the assumption that the theory is valid and that the conditions it is built on are met.** + +For those who intend to dig further into the evidence supporting the theory, there is a massive amount of research and due diligence on r/superstonk that has been performed and documented around this theory that can be found [here](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/?utm_medium=android_app&utm_source=share), though it is recommended to use this post to get a basic understanding before digging into the Due Diligence. + +Here is the chart at time of last edit (6/7/2021) + +[Price breaking out BOLL Bands \(key indicator that price movement is getting strong pressure upward\)](https://preview.redd.it/imigm50evu371.png?width=1546&format=png&auto=webp&s=8d269e45128a37586852f383e65346df656a5745) + +# Important terms to know before getting into the “Explanation” + +These terms are key to understanding the theory and speculated value of a GME investment. Hyperlinks to [Investopedia](https://www.investopedia.com/), "the world's leading source of financial content on the web", have been included for most market terms and concepts and it is recommended to check them out if they are not clear. We will be breaking down some of the more complex terms and concepts within the post and framing them within the context of GME. + +## Long Position / Buying/Selling Stock + +* Not to be confused with a [long-term](https://www.investopedia.com/terms/l/longterminvestments.asp) investment +* When an investor buys a stock they are considered [long](https://www.investopedia.com/terms/l/long.asp) on it +* In other words, holders of long positions have a **positive** number of shares +* To [close](https://www.investopedia.com/terms/c/closeposition.asp) a long position the owner would sell their shares on the stock market + +The basic idea behind obtaining long position is: + +1. Buy the stock +2. Hold it until the price of it increases to a desired amount +3. Sell it for a profit + +When people think about buying and selling stock they are generally talking about opening and closing long positions + +## Short Position / Shorting/Covering Stock + +* Not to be confused with a [short-term](https://www.investopedia.com/terms/s/shorterminvestments.asp) investment +* When a short seller shorts a stock they hold a [short position](https://www.investopedia.com/terms/s/short.asp) on the stock. This is essentially the polar opposite of a long positions (kinda) +* Investors with short positions effectively are *in debt* or *owe* the number of shares that they have shorted and can be considered ***negative*** on the stock +* To close that position, short-sellers must buy a number of shares equal to the size of their short position (buying to close a short position is known as [covering](https://www.investopedia.com/terms/s/shortcovering.asp)) +* Short positions must be reported to regulators (unlike naked short sales) + +The basic idea of obtaining a short position on a stock is: + +1. Borrow a share owned by a lender +2. Sell the stock that was borrowed +3. Gaining the cash based on the price it was at the time it was “shorted” +4. Pay interest as a percentage of the stock's value +5. Since this is a percentage the cost of interest increases if the stock's value increases +6. Hold the position until the price has dropped to a desired price +7. Buy the stock on the open market +8. Ideally the stock is bought back at a lower price than originally borrowed for so the investor can pocket the difference +9. Return the share back to the lender + +## The Float + +[The Float](https://www.investopedia.com/terms/f/floating-stock.asp), or Floating Stock is the number of shares of stock that are available to be publicly traded (the number of [Outstanding shares](https://www.investopedia.com/terms/o/outstandingshares.asp) minus the amount of [Restricted shares](https://www.investopedia.com/terms/r/restrictedstock.asp) that are owned by insiders). + +* In theory, the number of shares owned by [retail investors](https://www.investopedia.com/terms/r/retailinvestor.asp) and [institutional investors](https://www.investopedia.com/terms/i/institutionalinvestor.asp) cannot exceed the float +* SPOILER: GME is believed to have ownership amounting to 200% to 400% of the float if not more due to a something called [naked shorting](https://www.investopedia.com/terms/n/nakedshorting.asp), which is a key part of the thesis that is covered more later +* GME’s float total is currently \~[56.89 Million](https://finance.yahoo.com/quote/GME/key-statistics/) shares +* It is important to note that institutional investors own \~25M-30M of the floating stock +* If institutions were to hold during MOASS (not a guarantee though many are expected to), then the amount of shares publicly would be somewhere around \~25M-30M. This means there would be even less supply when the short sellers finally have to cover + +## Retail Investors + +* Retail Investors, also known as individual investors, are your average investors (not a company or organization) +* "Dumb Money" + +https://preview.redd.it/haqavhb34v371.png?width=1600&format=png&auto=webp&s=8815fbf9c98e7d7ff6bcda1f121c318c6c5e0c66 + +## Institutional Investors + +* Institutional Investors are organizations that invest on individuals' behalf +* Examples of Institutional Investors +* Endowment Funds +* Commercial Banks +* Mutual Funds +* Hedge funds +* Pension funds +* Insurance companies + +[Just a couple of the \\"good guys\\" \(there are many more \\"bad guys\\"](https://preview.redd.it/9yk0w1ywyu371.png?width=640&format=png&auto=webp&s=205e9cfa487fe12d25ffc7425f3f9c0aff595817) + +## Market Makers + +>I'd encourage you to read the Investopedia entry for them for more clarity + +* [Market Makers](https://www.investopedia.com/terms/m/marketmaker.asp) are very different from "Investors" and are a bit harder to explain but basically are there to increase [liquidity](https://www.investopedia.com/terms/l/liquidity.asp) in the market +* When you buy and sell stock those trades are often going between you and a market maker +* Market makers get "special rules" that enable them to keep liquidity in the market when there is low liquidity +* Naked shorting is one of the options Market Makers have when navigating a trade that other investors do not have + +## Naked Shorting + +* Naked shorting effectively allows a Market Maker to short a stock without having a borrowed share like normal short selling +* The result is similar to a short sale +* Naked short sales do NOT have to be reported the same way as normal "Short Sales" and can be "hidden" +* GME is expected to be shorted around two to four times the float, despite the fact that [Short Interest](https://www.investopedia.com/terms/s/shortinterest.asp) only accounts for \~20% of the float, meaning most of the shares are shorted via naked shorting +* This type of trade illegal outside of specific situations involving Market Makers +* Due to a loophole and lack of oversight by regulation, Naked short selling can be used to manipulate the price of certain stocks +* Naked shorting was targeted for tighter regulation during the financial crisis of 2008 but enforcement has unfortunately not been effective in preventing it from manipulating the market + +[#NakedShorting](https://preview.redd.it/zmv6atr7wu371.png?width=716&format=png&auto=webp&s=63a9385035982eddffb0a06a848020379f383136) + +# Prime Brokers + +* A [**Prime**\-**Broker**](https://www.investopedia.com/terms/p/primebrokerage.asp) is a bundled group of services that investment banks and other financial institutions offer to hedge funds and other large investment clients that need to be able to borrow securities or cash in order to engage in [netting](https://www.investopedia.com/terms/n/netting.asp) to achieve [absolute returns](https://www.investopedia.com/terms/a/absolutereturn.asp) +* Broker vs Prime Broker + * A broker is an individual or entity that facilitates the purchase or sale of securities, such as the buying or selling of stocks and bonds for an investment account. A prime broker is a large institution that provides a multitude of services, from cash management to securities lending to risk management for other large institutions. +* Market Makers like Shitadel go through Prime Brokers + * The Prime Broker is who would Margin Call Shitadel if their short position gets too large or they bleed too much capital + * Prime Brokers are the entities that + +https://preview.redd.it/p81afmc5wu371.png?width=720&format=png&auto=webp&s=9bee9f7781e0f9844197f88f5071875bfab9f7cc + +## Synthetic Shares + +* [Synthetic Shares](https://www.investopedia.com/terms/s/synthetic.asp) are the financial instruments that get produced by Naked Short sales +* Often referred to as "Counterfeit" shares (though they may be called this they are just as legitimate as a non-synthetic share) +* Synthetic shares entitle the owner to all of the same rights as an investor owning a non-synthetic share +* Cases where there is an excessive amount of synthetic shares point to the possibility that a stock is being abused or manipulated + +## Failure to Deliver + +* [FTDs](https://www.investopedia.com/terms/f/failuretodeliver.asp) occur when a buyer of a stock ends up not having the money to purchase the stock that they traded for OR, **when a short seller does not own the stock at the time of settlement** +* FTDs are one of the main check-balances to naked shorting, so very high amounts of Failures to Deliver are indicative of this + * Spoiler: GME and AMC have tons of FTDs reported + +## Margin + +* [Margin](https://www.investopedia.com/terms/m/margin.asp) is basically credit that that an investor can use to buy more stock +* When you buy on margin you must stake the assets you have already purchased with your own cash as collateral +* The amount of Margin you can have depends on the value of your collateral +* The value of your collateral and cash but meet the margin requirements in order to continue to buy on margin +* Keep in mind the value of your collateral can change if the price goes up or down and if the value of your collateral/cash drops below the margin requirement you will received a [Margin Call](https://www.investopedia.com/terms/m/margincall.asp) Another way to think about it: + +1. Imagine I have $1,000 in stock +2. You obtain a personal loan for another $1000 +3. To get the credit you stake your $1000 in stock (if you default it goes to the lender to cover your debt) +4. You buy $1000 more stock with that loan (you now own $2000 in stocks, half in cash half on margin) +5. You will pay interest on the $1000 on margin but if your investment makes more money than the interest then you are still profiting +6. If your investment turns bad (lets say the price of your stock falls 50% and you are left with $1000) your lender can forcibly close out your positions (everything you bought in cash and staked as collateral along with what you bought on margin so that they can get the $1000 they loaned you back) + +## Margin Call + +* A Margin Call is a notice indicating you have a specific amount of time to deposit enough of your own funds to meet your margin requirement (if you cannot meet the requirement the lender is entitled to sell all of your holdings to recover what you borrowed + +https://preview.redd.it/cf25o9zu0v371.png?width=1920&format=png&auto=webp&s=934a471bad29cb194afa7bb8f6dd40d222c57324 + +**Examples:** + +>This is a slightly complicated scenario that can be a little hard to follow. Give it a few reads if it doesn't make sense the first time, but basically, Margin is a credit line that you can use to buy more assets (effectively a loan backed by collateral and cash in your own account). If you buy assets with it, you have to pay back what you borrowed, whether the value of your investment goes up or down (if the investment goes up in value, you make more than you normally would, but if the investment goes down in value, you lose more than you otherwise would have without margin). +> +>This gets even more (or less maybe) complicated when you have short positions AND long positions, like most institutional investors. To have short positions, I still need to have margin, but I do not need to use it to buy stocks, It can act as a buffer if I have a short position on a stock that is increasing in value (with a short position, if the price of something I short goes up, I am losing money), and if it gets too high, it can run against my margin line, causing a margin call. + +**Positive Margin Example (Long Positions only):** + +1. Imagine I have $1000 in stock XXX (let's say 10 shares worth $100 each) +2. My broker may lend me margin credit line equal to the value of my assets (so $1000 in margin), and let's say they give me a margin requirement of $800, meaning that the value of my non-margin assets (the ones I bought with my money) must be above $800 in order to keep using margin (so as long as stock XXX stays above $80 a share, then I will not get a margin call for being below the requirement) +3. I then choose to use the margin, buying 10 more shares of stock XXX for $100 each, so I now have 20 shares of stock XXX, valued at 100$ a piece +4. If the price of stock XXX goes up to %25 per share, and I sell all 20 shares, I just profited $500 (+$25 on 20 shares) + 1. In this case, closing the position clears me from the margin debt, as I am no longer using it in an open position + 2. If I had not used margin, I would have only walked away with $250 in profit ($25 per share on 10 shares), but instead I made $500, and paid back the credit, plus a little bit of interest. +5. Yay. + +**Negative Margin Example (Long Positions and Short Positions):** + +**THIS IS THE RELEVANT ONE TO GME** + +1. Imagine I have $1000 in stock XXX (let's say 10 shares worth $100 each) +2. My broker may lend me margin credit line equal to the value of my assets (so $1000 in margin), and let's say they give me a margin requirement of $800, meaning that the value of my non-margin assets (the ones I bought with my money) must be above $800 in order to keep using margin +3. Instead of using the margin to buy more, I instead short 10 shares of stock YYY which is at $50 a share currently (giving me $500 in extra cash), which I use to buy 5 more shares of stock X + 1. I am now long 15 shares of stock XXX valued at $1500 and short 10 shares of stock YYY valued at -$500 (negative $500) for a net value of $1000 + 2. No margin is actively committed to open positions, and I am still using my $1000 +4. Now, lets say a short squeeze happens involving stock Y, causing the price to skyrocket to $200 per share + 1. My short position is now -$2000 (10 shares of -$200 each) +5. My net account value is now $-500 ($1500 - $2000) which is now using my margin, and because my account's value is no longer above $800, I no longer meet margin requirements so I get a margin call +6. If I cannot balance my account, the lender will liquidate my $1500 in stock XXX in order to pay the -$2000 I owe, leaving me with -$500 left in debt + 1. I have now defaulted, as I cannot pay the $500 +7. Now that I have defaulted, the lender who gave me margin owns my short positions, meaning they are now short whatever was left + 1. The lender can now navigate the short positions however they want (they can hold them and hope the price goes down, and cover to close them, or they can close them immediately, costing them the whole $500 I still owed) +8. GUH! (Translation if you are not WSB: Ah @#$%) + +# Margin Calls Who Calls Who (I Think) + +* Margin calls happen at levels 1-4 when the cell to the left cannot meet margin requirements + * Broker Margin Calls Retail Traders + * Prime Brokers Margin Call Brokers, Hedge Funds, and Market Makers + * The NSCC Margin Calls Prime Brokers +* Defaults roll up left to right + * If Retail Trader defaults, Broker must take on their leftover positions + * If Broker, Hedge Fund, or Market Maker defaults, the Prime Broker must take on their leftover positions + * If Prime Broker Defaults, the NSCC must take on Position + * If the NSCC Defaults, the Fed must take on the position + +|Level 1|Level 2|Level 3|Level 4|Level 4| +|:-|:-|:-|:-|:-| +|Retail Trader|Broker|Prime Broker|NSCC (DTCC)|Fed (JPOW)| +|x|Market Maker|Prime Broker|NSCC (DTCC)|Fed (JPOW)| +|x|Hedge Fund|Prime Broker|NSCC (DTCC)|Fed (JPOW)| + +# + +[GUH](https://preview.redd.it/ukfc5srx0v371.png?width=1920&format=png&auto=webp&s=f55eeab5afa6a9e998007828785815cb502de0f2) + +# Short Squeeze + +* A [Short Squeeze](https://www.investopedia.com/terms/s/shortsqueeze.asp) is a market event that occurs when there is a large short position on a stock whose price rapidly increases higher than expected, normally due to a catalyst +* During the short squeeze, the losses of those who have short positions continue to increase higher it goes + * Since they **owe** shares, the cost to cover their position increases depending on how high the price goes (there is theoretically no limit on how high a stock can go) +* As market participants who are short on the stock buy to cover, supply decreases and demand increases, causing the price to increase even more rapidly +* While short sellers are scrambling to cover their positions, the rapid price change may entice investors who are not short on the stock to buy it in order to make a quick profit + * Again, lowering supply and increasing demand + +# The Mother of All Short Squeezes (MOASS) – Explanation + +Now that we have gone through the many important terms, we can get to the theory behind MOASS. + +Due excessive short-selling and naked shorting of GME by certain market participants (primarily large hedge funds and market makers), retail investors and long institutional investors collectively own a number of shares that exceeds the the float. The amount of shares that are currently owned is theorized to range roughly between **200%-400%** of the float **if not more**, meaning that 100%-300% of the float has a corresponding short position (mostly naked shorts). For context, most stocks generally have around 1% Short Interest, and 10%-20% short interest is considered to be excessive, let alone over 100% of it. + +Short sellers must eventually close, or cover, their short position + +* The only way to do that is to buy the shares owned by the investors who are long + * in the meantime Short-sellers are paying interest on that short position until it is closed proportional to the cost of the shares, which bleeds their capital over time +* Unfortunately for the short sellers, the owners of the shares **ARE NOT** obligated to sell their shares. + * The short-sellers, however, **ARE** obligated to buy in order to close their position (or else keep paying interest) + +So what happens if no one is selling the shares they are “long” on, but short sellers need to buy them? + +* Supply and Demand + * With very little supply and high demand, the price of a stock can increase far beyond its fundamental value + * If short sellers receive a margin call due to no longer meeting their margin requirement and are unable to meet it in time, their assets will be forcibly liquidated by their lender in order to pay back the margin, as well as close out the position if the borrower defaults + +If you are wondering why an organization would abusively short a stock like this if they eventually have to cover their positions: + +* If a company goes bankrupt or gets delisted from the stock market: + * The short sellers DO NOT have to close the position + * All of the proceeds from the short sale effectively disappear from their books + * They do not even have to pay taxes on this profit + +Short positions amount to the total number of long positions minus the float, meaning (based on the theorized range) that somewhere between \~56-170 Million shares will need to be bought in order to close all short positions + +* It is expected that the members with short positions (hedge funds and market makers who have been naked shorting the stock) will be unable to cover their short positions, resulting in a situation where their lenders, all the way up to the clearinghouse (DTCC) will have to sort out the positions +* If the DTCC/NSCC is forced to unwind the positions, it is widely believed that they will rapidly cover short positions at whatever price they are available for (this is how their systems are said to handle a member default), liquidating whatever assets are necessary from the defaulting member + +# Final thoughts... + +This is the GME MOASS thesis. GME is a stock that stands to hit an unprecedented price point due to the fact that manipulators of the market have failed to bankrupt GameStop thanks in huge part to [the Legendary Keith Gill AKA u/DeepFuckingValue](https://en.wikipedia.org/wiki/Keith_Gill), [Ryan Cohen](https://en.wikipedia.org/wiki/Ryan_Cohen), and all of the GME investors who took part in this saga. It may not be today, this week, or even this month, but one day soon, these toxic participants have no choice but to buy the stock to close out their short positions. + +In some schools of thought, it is thought that these participants over-estimated how "reasonable" retail investors can be (who could be dumb enough to hold a stock as it fell from almost $500 to $40?). In truth, these manipulators didn't understand the demographic they were fighting with. Gamers are some of the most stubborn people on the planet. These are individuals who will sink tens of thousands of hours into the same video game because "they just like it". Well, "we like the stock", and to us, the adversaries on Wall Street just are just another "boss". We may have needed to retry a couple times, but we always win eventually. On top of that, they pissed off reddit, and under no circumstances, should you ever piss off reddit. + +At this point, if you are still reading this, know that it is up to you to decide your next move, whether that is to do some due diligence of your own, walk away, or say screw it and buy a few (or a lot of) shares just in case we are right. Many of us have set our floor (minimum amount of acceptable gains) at $20,000,000 per share, and you might think that is crazy, but in truth, we know we can pick our own price if we hold long enough. We don't care if anyone else buys or not, because we know the outcome is inevitable. Time is running out for the toxic market participants involved, and even the news can't hide that we are on the brink of a massive market event that will ripple through the entire global financial system, and we will probably never see an event like this again in our lifetime. + +**This is a fight Wall Street, Shitadel, Melvin Capital, and ever other toxic party is not going to win against the "dumb money"**. Chances are this will truly be "**THE MOASS**", meaning there will never be another like it in our lifetime (or ever). While the conditions in play (the ability for big money to brutally manipulate the market) enabled what may end up being the greatest transfer of wealth in history, actual reformation to prevent a landscape like this from forming again is probably best long term (I say this as a pragmatist, and am honestly very far from an idealist). If you want to influence reform, Buy, Hold, Vote. If you are just here for the tendies, Buy, Hold, Vote. + +# TL;DR + +Toxic Market Participants and Hedge Funds have massive naked short positions open that they are unable to close because retail traders are refusing to sell. The FTD Cycle forces participants with naked short positions to obscure their short positions and uses bizarre options strategies to satisfy FTDs, which costs money to do. Since they cannot close these positions until retail traders sell, any participants who are subject to interest will continue paying it based on the interest rate and value of the stock. The Market Manipulators are just about out of capital, and new regulations and DTCC rules are making it more difficult for them to control the price movement of stocks like GME and AMC. + +Eventually, the prices of these stocks will get so high that prime brokers will have no choice but to margin call these participants, who will likely be unable to settle all positions, causing them to default and make the prime broker take on the position. The prime brokers will then try to settle the positions, but if they are not able to unwind the positions either, they will default up to the NSCC, which will attempt to settle all positions they took on based on their Recovery and Wind-down Plan. If they cannot afford to close everything, they basically default to the Fed, who will most likely print money to address closing the positions. + +Super TL;DR + +Margin calls happen everywhere and force all shorts to cover their positions or go bankrupt. The NSCC Omega Brrr Cluster liquefies all hedgies and covers as much GME, AMC, etc. as they can. If the NSCC cannot pay everything, it fails up to the Fed and JPOW to print money to get us out tendies and hedge fund tears. + +# Hedgies, velkommen til helvete. Vi kommer for tårene dine. + +# Hedgies, welcome to hell. We come for your tears. + +>Looking for brokers that won't be like RobbingHood and screw you over during MOASS?[https://www.reddit.com/r/stocks/comments/l8rhr3/weekend\_gme\_thread\_homework\_for\_all\_lets\_stop/](https://www.reddit.com/r/stocks/comments/l8rhr3/weekend_gme_thread_homework_for_all_lets_stop/) +I recently was paying for an upcoming holiday to Kenya via international bank transfer. It’s a sizeable amount and shortly after I made the payment I had a missed call and voicemail from the bank (Barclays) asking me to call them. + +Clearly I called back on the number I found on the back of my card but they confirmed it was their fraud department who were checking the payment. All well and good and reasonable. + +What transpired in the conversation with the fraud department is that they’d notice I am running TeamViewer (a Remote Desktop program) in my computer. I’m comfortable with that as I use it for IT support to my parents. + +This is all good but how on earth can they track that I’m using TeamViewer when I’ve made the payment on their website. That seems beyond the bounds of cookies! + +Any ideas? +The short positions put on by the hedge funds are posing a systemic risk to the market. Bail out both sides by liquidating the hedge funds, but not the brokers or clearinghouses, but also put a buy order in for $10k per share to allow GME shareholders to exit. Isn’t $700 billion better than a financial meltdown? Just like last time you can ‘put rules in place to make sure this won’t happen again’ + +In 2008 the banks held risky assets and got bailed out because they said the innocent normal people would be hurt even more if you didn’t bail them out, so the government did it. + +We posed a risk to the liquidity of the hedge funds, brokers, and clearinghouses yesterday. By bankrupting them it would probably cause a temporary stock market crash as they liquidate their positions. + +Are we not now in the same position as the banks were in 2008? Buy us out of our positions for $700 billion to save the rest of the market and the normal people right? + +Edit because it got attention: if this ever was a reality it would in the form of a loan to clearinghouses and brokers to cover any losses up to $10k per share. They would have to pay it back over time. The government would get the money back and reimburse taxpayers, while at the same time collecting taxes from the gains of the retail investors. Long term the clearinghouses and brokers recover, the market continues to function, and then they never let hedge funds put on a risky play like that ever again. The hedge funds involved are deservedly bankrupt, and the retail traders get the reward they deserve by playing the free market game by the rules. +It started with my mobile number being illegally ported. After that, they somehow accessed my bank details, opened up a joint account in my name with another unsuspecting victim, transferred ALL my savings into that account, then bought shares. This all happened in one hour. CBA security system did not do anything to stop this extremely large sum of money being moved around in a matter of 10 mins. + +I reported the suspicious activity to my mobile phone provider and CBA immediately, informed the police (have a detective on my case), changed some identification, put a credit ban in place, etc. + +It has been six weeks now and CBA still hasn't resolved my dispute. Every time I call to complain I am met with 'it is still being investigated.' It is frustrating as I was planning to buy a home, shares and other important things and now everything has been put on hold. + +I have absolutely no idea how they came across my mobile number in the first place but suspect it is connected to the Optus breach. + +I did not authorise the transaction, click on any links, etc. It all happened to me. My mobile phone provider actually admitted to not following the proper security/verification process, which allowed my number to be illegally ported. A potential litigation case, however, I have zero money for a good lawyer. + +Has this happened to anyone else? What are my options here? +I feel that a lot of people can learn from this and wanted to share it. It is important to understand when the fundamentals have shifted enough for you to sell out of a company. I think that Bill points to exactly why they sold and the unknowns that are now presented. I found it an interesting read and insightful as to why some investment companies offload shares outside of just general lower sentiment. + +&#x200B; + +Actual letter ([link to the post](https://www.businesswire.com/news/home/20220420006196/en/Pershing-Square-Holdings-Ltd.-Releases-Letter-to-Shareholders)): + +> Dear Pershing Square Investor: +> +>Today, we sold our investment in Netflix, which we purchased earlier this year. The loss on our investment reduced the Pershing Square Funds’ year-to-date returns by four percentage points. Reflecting this loss, as of today’s close, the Pershing Square Funds are down approximately two percent year-to-date. +> +> +> +>While we have a high regard for Netflix’s management and the remarkable company they have built, in light of the enormous operating leverage inherent in the company’s business model, changes in the company’s future subscriber growth can have an outsized impact on our estimate of intrinsic value. In our original analysis, we viewed this operating leverage favorably due to our long-term growth expectations for the company. +> +> +> +>Yesterday, in response to continued disappointing customer subscriber growth, Netflix announced that it would modify its subscription-only model to be more aggressive in going after non-paying customers, and to incorporate advertising, an approach that management estimates would take “one to two years” to implement. While we believe these business model changes are sensible, it is extremely difficult to predict their impact on the company’s long-term subscriber growth, future revenues, operating margins, and capital intensity. +> +> +> +>We require a high degree of predictability in the businesses in which we invest due to the highly concentrated nature of our portfolio. While Netflix’s business is fundamentally simple to understand, in light of recent events, we have lost confidence in our ability to predict the company’s future prospects with a sufficient degree of certainty. Based on management’s track record, we would not be surprised to see Netflix continue to be a highly successful company and an excellent investment from its current market value. That said, we believe the dispersion of outcomes has widened to a sufficiently large extent that it is challenging for the company to meet our requirements for a core holding. +> +> +> +>One of our learnings from past mistakes is to act promptly when we discover new information about an investment that is inconsistent with our original thesis. That is why we did so here. +> +> +> +>We are in the midst of an opportunity rich environment for Pershing Square due to the dramatic shift in Federal Reserve policy, the highly inflationary environment, geopolitical uncertainty, and the resulting high degree of security price volatility. We therefore expect to find a good use for the Netflix proceeds. Please feel free to contact the investor relations team if you have any questions about the above. We are grateful for your support and long-term partnership. +> +>Sincerely, +> +>William A. Ackman +Alright, I have been definitely on board the Medivolve train for weeks now, and it has been rough. A lot of you, like me are feeling super down... feeling like bagholders... or idiots... or whatever else we call our selves at night... + +**Well, I wanted to try to offer a bit of positivity and something that helped me PUT THINGS INTO PERSPECTIVE after today's close, and remind me why I am still holding this stock.** + +# CHECK IT OUT: [https://cdn-ceo-ca.s3.amazonaws.com/1g57vd0-MEDV%20comparison.pdf](https://cdn-ceo-ca.s3.amazonaws.com/1g57vd0-MEDV%20comparison.pdf) + +In this document you will see a comparison of MEDV (aka. COPRF) and pretty much every other COVID-style Health Play that I could find out there... In it, you will see I list the past two quarters of revenue for each company, plus their TTM... all info readily available on Yahoo Finance. At the top you will also see MEDV listed with their anticipated Q4 2020 and Q1 2021 Revenues, which are yet to be released. And before you complain that these numbers are over-estimated, realize that we confirmed today that in January and February alone MEDV made over $12 million USD... + +This really helped to put things into perspective to me, and it is a glimpse at how this company will stack up in terms of share price vs. revenues, compared to its competitors by the end of April when this info is official. + +Right now if you look up MEDV, just based on fundamentals availabe (ie. past revenues) it doesn't look good. You can see in the main list (which is organized by share price) that MEDV (with current Q3 + Q2 financials) is near the bottom of the pile... but take a look at what MEDV will look like by the end of April when we release our Q4 2020 and Q1 2021 financials... In comparison to the other stocks just based on revenues we would be 2nd from the top, above stocks currently in the $1 range. + +Now I don't know ALL of these stocks that well, I will admit that now. There are PLENTY of other factors that affect share price other than revenue. Many of these stocks have very different business models, reputations, long-term goals, etc... **But looking at this at least helped me to put things into perspective. Especially after today...** + +People don't know or maybe don't even believe that this company is making the money it is, and looking at a chart or current financials makes it look like an absolute dog. Plus, this stock has been getting naked shorted (legal in Canada - thx Canadian banks) by the pencil pushing losers at Anson Fund [(link)](https://www.reddit.com/r/BurnedByAnsonFunds/comments/m6iafe/a_long_list_of_anson_short_positionsgood_post_on/). PLUS, the faith in and reputation of this company has taken a beating... so the question is... + +# THE QUESTION IS... + +Can Q4 / Q1 financials or something else turn this around? Will this be enough to tip the scales and drive SP up? Or is there something else like a large government contract or approval of the BlowFISH tech that will come out of the woodwork in the coming days and months? I am betting yes (like I have an option at this point, lol), but I also think we are still in for some dark days ahead, sadly. + +I also understand ya'll who are going to come at me on this post to say I'm an idiot or shill or whatever else. You do you, I am just trying to share something that I feel gave me a bit of perspective today withother MEDV holders that feel the same. + +# LASTLY... [REGISTER](https://us02web.zoom.us/webinar/register/WN_tmyDKJWYQTGoviFFM1zq7Q) FOR UPCOMING MEDV WEBINAR: + +The company is doing a webinar on Tuesday, and a number of investors including myself have put together a list of questions that we expect answers to. [You can view it HERE](https://cdn-ceo-ca.s3.amazonaws.com/1g57fs5-MEDV%20INVESTOR%20QUESTIONS.pdf) and comment on this post if you have additional questions or comments to add. + +Please attend **NEXT WEEK'S WEBINAR** and let's see for ourself if Doug and Co. are ready to answer up, and if they have a solid plan for the future. + +REGISTER: [https://us02web.zoom.us/webinar/register/WN\_tmyDKJWYQTGoviFFM1zq7Q](https://us02web.zoom.us/webinar/register/WN_tmyDKJWYQTGoviFFM1zq7Q) +All jokes aside, have economists provided a "smart" and **just** way to tax rich individuals ? + +Media is talking about taxing rich billionaires, but most of them have their wealth in stocks. Say you tax them when their wealth increases (i.e stock goes up) if you don't give them tax credits when their stock goes down, this would lack any form of justice. +I’m 20 years old, and I’ve traded Forex for around a year now. The trading lifestyle definitely has its ups and downs. I remember first starting out and using Excel to find out my potential profits. I remember thinking to myself, “Wow! If I grow my account 3% a day I’ll be a millionaire in no time!” Seeing the Excel sheets and the compounding growth gave me a motivation that I’ve never experienced in my entire life. I read so many books on trading from Babypips all the way to Advanced Quantitative Trading Techniques. I’ve been very successful so far and have made more money than a 20 year old should have, but for all those thinking that this is an easy road, it’s not. + +It saddens me seeing the countless people getting into trading whether it be securities or Forex and losing it all. People that lack basic fundamental knowledge “yoloing” their life savings on options or over leveraging their accounts and blowing it up within days or weeks. This game requires patience and a drive to learn. You’d have better luck going to Vegas than trying to trade if you don’t put in the time and work. At the same time, I think this is something everyone can do. You don’t need to be especially smart to be successful. Having a passion for this is really all this takes. If you can sit down for 8 hours and enjoy reading and learning, you’re in the right place. + +Please, I beg of you. Don’t watch a YouTube video and think “I’m gonna be a millionaire,” and throw your life savings at this. The most important advice ever given to me was that you should always be ready to lose everything you put into this. It’s going to cost you time, money, and probably your sanity, but if you can pull it off, you won’t have to endure a life slaving away at some corporate finance firm working 100+ hours a week doing menial tasks for your dickhead boss. + +Edit: Super happy that so many people found this helpful! +There is no next GME. As our beloved autist Michael Burry said, GME is a unique situation and a perfect storm. You won't find something like this again. They are just trying to move your attention away from GME and scatter us. From the discussion threads and the posts on the frontpage, it seems that they're succeeding. + +[Michael Burry tweet on GME](https://twitter.com/michaeljburry/status/1355186794640236561?s=19) + +Just look at the AMC thread up on the frontpage at the moment. Half the comments are from new accounts with just a handful of karma. AMC is not the next GME. The 'days to cover' on AMC is less than a day. After an initial uptick it will just fizzle out and you'll be left bagholding. + +If you're still unsure, [here](https://www.nextmemestock.com/) you can find a highly advanced AI algorithm showing the next meme stock. (credits /u/adagiolifen) + +Edit: I think we even need to the mods to make a post and sticky it. The shilling is really becoming bad now + +Buy whatever the fuck you want and whatever you like. All I'm saying is it's not the next GME. +💥💥LASER EYES CLUB (Utility Token, launched on BSC) + +&#x200B; + +$LaserEyes is the native token for the Laser Eyes Club platform which seeks to promote legitimate projects and silence scams. They have released their first product called Laser Eyes Scan which is an algorithm that automatically scans all DXSale contracts and gives them a review. + +Laser Eyes Club plans to create an entire ecosystem inside the Binance Smart Chain that is rug free by developing their contract auditing service, expanding their current scanning algorithm beyond DXSale contracts to all contracts, building their launchpad for new tokens that requires a thorough audit before launch, releasing their portfolio tracking app, building an educational platform that rewards users with airdropped coins, and building out their locking service to prevent developers from selling. + +$LaserEyes is a deflationary token that gives you access to the Laser Eyes Club platform. Owning this token will give you exposure to massive burns and unlimited access to contract scans, contract reviews, audits, new safe presales, airdrops, and much more. + +&#x200B; + +&#x200B; + +🔥 Less than 1 Million market cap + +ℹ️ Our first tool (LIVE), Laser Eyes Scan helps you avoid fraud and rug projects - RUG, SCAM OR SAFU? + +⚔️(FIGHTING Rug/honeypot projects and EXPOSING scams + +⚔️ We have already protected our users from losing 1000s of BNBs to scams. + +✅ Techrate Audit Passed. + +✅ Launchpad, Audit, Portfolio App, Educational Content & Locker in the Roadmap. + +❤️ Team is active for more than 2 months. + +&#x200B; + +&#x200B; + +💬TELEGRAM: [https://t.me/lasereyesclub](https://t.me/lasereyesclub) + +🌐WEBSITE: [https://lasereyes.club/](https://lasereyes.club/) + +🌐TWITTER: [https://twitter.com/lasereyesclub](https://twitter.com/lasereyesclub) + +🌐BETA OF OUR UTILITY: [https://lasereyesscan.com/](https://lasereyesscan.com/) +Something I've learned in my career in finance is that my most pleasant clients (who, coincidentally, are also HNW/UHNW) are NEVER flashy with their money. Growing up I was tricked into thinking wealth meant opulence and showy luxury items, now I know it's very much the opposite. One of my clients is on the cusp of moving into the eight figure range and you'd never know it by looking at him. The last time we talked, he had on the finest dad-attire: New Balance sneakers, plain khaki shorts, old baseball cap. His ride was a 2014 Chevy Cruze. + +Because of his modesty, he enjoys his wealth privately and in comfort. Are there any cautionary tales out there about being too flashy with one's money? +**Presenting new DD from our quant team's freshest cat, mechanical engineer, PHD, and orphaned sex worker. The writer of such classics like T+69. Known primarily for trying to get everyone to look at pictures of his DIX.** + +u/Dr_gingerballs brings you... + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Hello my simian brethren, + +Last time I wrote of the state of the dip was January 10, 2022 when we enjoyed what we thought at the time was a dismal price of $131. How we long to see such a price once again from the depths of $100! In my last address, I showed that internalization in dark pools was acting strangely (and have suffered through weeks of internalizing DIX jokes). I also showed that the put/call ratio was higher, indicating that someone was using a higher than normal number of puts to drive the price down via delta hedging. My thesis at the time was that our price drop was due to buying puts and internalizing buys, not due to apes paper handing. + +I’m here today to reaffirm that the state of the dip remains strong as of February 7, 2022. I will lay out an even deeper dive into the options chain and short sales to support the thesis that apes, indeed, continue to hold. + +# Part 1: The Options Chain + +There are mixed feelings and half-baked theories about options on this sub. I personally am pro-options and think the data I am about to present will strongly support that position. However, the goal of this post is not to recommend an investing strategy, but simply to explain why the price has swung between $100-250 over the last year. + +First, let's reintroduce the concept of delta hedging. If a market maker sells a call to someone, the buyer of that contract can exercise or “call away” 100 shares from the market maker. + +>The probability that someone holding that contract will call those shares away is called delta, and is always a decimal number between 0-1. This number represents a fraction of the contract’s 100 shares that should be hedged by the Market Maker (0 being 0/100 shares and 1 being 100/100 shares). This concept is known as Delta Hedging, and it can also be thought of as a measure of how likely the Buyer exercises the contract, with “0” meaning the owner won’t exercise and “1” meaning the owner will. + +The market maker just wants to make money selling contracts - they don’t want to bet on the value of the stock, so they must prepare for the chance that the option will be exercised by buying other contracts to hedge. + +As the price of the underlying stock moves up or down, the delta value changes as well, and the market maker is able to sell off (less delta) or buy more (higher delta) to hedge and stay “Delta Neutral”.. + +>For example: if I buy a call option with a delta of 0.5, the market maker should buy 50 shares. As the price of the stock rises, they buy more shares; as it falls, they sell shares. +> +>The opposite is true for puts, whose delta values are negative and are between -1 and 0. If a market maker sells a put, then they will have to sell shares onto the market to stay delta neutral. + +Due to this mechanic of Delta Hedging, the process of buying and selling options drives buying and selling on the underlying. + +**Question 1: How much of our daily volume is just due to delta hedging options?** + +This is actually something that we can investigate with the data available from the options chain. What I propose below is an estimate of the amount of daily volume attributed to delta hedging. You could get a more exact estimate using the Black-Scholes equation but I think that is overkill for what we are trying to do. + +To estimate the number of shares hedged each day I do the following: + +&#x200B; + +* Calculate the price movement, also known as: difference between the daily high and low price. +* Multiply this difference by the gamma and the number of open contracts (open interest) for each call and put on the option chain. +* Sum the values for both calls and puts + +Okay so I just explained delta, what the heck is gamma? Gamma tells you how much delta (the fraction of shares that should be hedged) will change as the price of the stock changes. So I calculate the daily change in price, calculate the change in delta, and multiply by the open interest and sum. + +This estimate makes a few assumptions: + +* It assumes that daily changes in price are small, so gamma values don’t change much. +* It assumes that only the existing contracts are perfectly delta hedged, and ignores the buying and selling of new contracts that day. +* It assumes that the stock only hits the high price and the low price one time that day and doesn’t bounce around. + +All of these assumptions are fairly conservative, and I suspect the actual hedging to be larger. I then take all of the daily hedging volume and I divide it by the daily volume of the stock. The results are below. + +[Daily Volume Due to Options Hedging as a &#37; of Daily Total Volume](https://preview.redd.it/w88vv0y15pg81.png?width=1136&format=png&auto=webp&s=51ca28d9e7425102e20f17a50807a5d5fe8fd388) + +**In this graph, 100% indicates that all of the daily trading volume on GME is due to options hedging!** + +As you can see, there are clear variations between January 1st and July 1st 2021, where options hedging made up only a small percent of daily volume. Options hedging was significant during the February and May runs, but was very low otherwise. To contrast, after July 1st 2021, the delta hedging is between 50-100%. Since this estimate is fairly conservative, I can say with some confidence that nearly all of the volume we have seen on the stock since July is due to delta hedging the options chain. + +This would mean that the natural buying and selling of GME is minimal, aka apes largely bought in during the first half of 2021 and **DIAMOND HANDED THAT SHIT TILL NOW**. All of the price action we have been seeing on the stock is due entirely to the delta hedging of options, and not significantly affected by retail buying and selling the stock. This is supported by data from multiple brokerages (Fidelity buy/sell ratio, Ally percent diamond handers data, etc.) all showing that APES are not selling. + +**Question 2: Can we relate the overall delta pressure of the options chain to the price movement of the stock?** + +I have attempted to answer this question by calculating the relative strength of call and put delta over time - effectively how much of an effect Calls and Puts have on the stock and how much they can push the price higher or lower, respectively. This is calculated by subtracting put delta from call delta, and dividing by the total delta on the options chain. This works similarly to calculating the individual delta of an option, with the number falling on a scale from -1 to 1. If the options chain was 100% calls, the value would be 1. If it was 100% puts, then it would be -1. 0 indicates that they are equal. The plot below shows the relative delta strength in blue against the price in orange. + +[Relative Delta Strength Overlaid \(blue\) with Price \(orange\)](https://preview.redd.it/3nriihmp4pg81.png?width=1209&format=png&auto=webp&s=e22048b9d50205599c26dbee08ebf71dc6f2fb5d) + +You can see that after July 1st, 2021, the price and the relative delta strength line up quite well, suggesting that our price is determined largely by delta hedging options. So let’s then graph this relative delta strength vs. the price of the underlying: + +[Delta Strength vs. Price: Correlation](https://preview.redd.it/wnb3ogwy4pg81.png?width=1091&format=png&auto=webp&s=c66d15aecd192d0cf0fc9ff27313d951d5c40c11) + +**Holy fucking shit, goshdang, and gee willickers!** + +I’ve been trying to find good correlations amongst the data for GME for a YEAR and I have never found one this strong. This data shows that the price of the Stock correlates very strongly to the relative delta strength with an R-squared value between 0.8-0.9. Now of course correlation does not equal causation, which is why I laid out the mechanics of this proposed causative relationship above. However, I believe this is proof that: + +1. the price of GME is determined by the options chain +2. buying calls moves the price up +3. buying puts moves the price down + +You may notice some of the data does not fall neatly within the dotted lines above. Those data points all represent dates from January 6th 2022 until today, and they warrant more discussion. Let’s zoom in on our relative delta strength graph from before… + +[Closeup of Jan 6th spike in Relative Delta Strength](https://preview.redd.it/ke1t1tqo6pg81.png?width=1289&format=png&auto=webp&s=ec350530cac6362973feb2efa74ce56ba34cc907) + +There was a violent jump on January 6th from a delta of 0, to a delta of \~0.5 in one day. Interestingly, that evening is when the price ran more than 50$ in after hours under the guise of the NFT marketplace leak. Rather, I believe that this was in fact due to Market makers delta hedging this “shock” to the options chain. The next day, this jump was then heavily shorted back down to a price around $140. Going back to relative delta strength vs. price, an interesting observation emerges: + +[🤔](https://preview.redd.it/6flzcax17pg81.png?width=1292&format=png&auto=webp&s=547e13c6938e56e682447aa7c4d4452b95eca768) + +If the options were properly delta hedged, the price of the stock should have been between $165-220 on January 6th, and indeed the peak in after hours was $176 which is in line with expectations. However, the following day we begin to deviate from the previous trend. This deviation continues throughout the month of January and into February. What this deviation shows is that call delta no longer moves the price as high as it used to. This dilution of delta hedging power comes from increased liquidity of the stock. Where did this liquidity come from? Either apes sold (narrator: they didn’t) or someone heavily shorted. + +**Did someone say shorts?** + +The chart below shows that the interest rate began to increase for GME share lending started…on the goddamn 6th of January. So, this reduction in the ability of call delta to move the price is likely due to dilution of the stock from increasing shorts. + +[ORTEX short borrow rate](https://preview.redd.it/v27g40ad7pg81.png?width=1601&format=png&auto=webp&s=e0d65edce043acec133df4b0fa548e5b890f60da) + +[ORTEX short utilization, that second spike begins on January 6th](https://preview.redd.it/ziljq5lh7pg81.png?width=2088&format=png&auto=webp&s=7dfc566041b5f5412f71fc7ac018b7dda9f396c6) + +So lets recap: + +* Since July 1st 2021, all or nearly all of the trading volume of GME is likely due to Market makers buying and selling the stock to delta hedge the options chain. +* The impact of this option chain hedging results in a predictable change in price, indicating that much of the dip we are currently experiencing is due to shorts buying in the money puts to force the price downward with the synthetics created from market maker hedging. +* Starting in January 2022, we begin to noticeably deviate from previous behavior, and this deviation is strongly correlated to the increase in GME borrowing that’s been observed by others. +* APES AREN’T SELLING (BUT YOU ALREADY KNEW THAT, DIDN’T YOU?). + +**Question 3: Who gives a shit? What now?** + +Well beyond jacking your tits with confirmation bias, I think this provides compelling evidence for a particular path forward (which luckily is already a path embraced by many apes). It’s clear from this data that the price is both **FAKE** and **WRONG**. If we also consider that XRT is now on the RegSHO threshold list, it shows that they are bringing out all of the big guns they have access to, and they are still unable to get the price to stay under $100 for more than a partial trading day. Making this informed assumption, they are likely pretty close to all in at this point. + +So how does the game stop? I believe the stock price must rise to put enough pressure on both their short position and on their margin, which they are fighting incredibly hard to protect. The best way to do this is to BOTH buy and hodl, AND buy far-dated, near the money calls with high delta. Holding the stock preserves the floor, and buying call options increases the price. Without an increase in price, this gives them time to drag out their position and slowly cover over time. To be clear, I am not interested in arguing about the merits of options for each individual investor. Only you and no one else can decide if options belong in your portfolio. I am simply trying to provide data and understanding for the situation, and if nothing else, reinforce the fact that ... + +**NO ONE IS SELLING.** + +**DO NOT FEEL PRESSURED TO BUY OPTIONS IF YOU CANNOT AFFORD or UNDERSTAND THEM** + +**JUST CONTINUE TO DIAMOND HAND THOSE SHARES AND LET APES WITH THE UNDERSTANDING AND CAPITAL BUY OPTIONS** + +GME needs apes to continue to hold the defensive while others are able to take the fight to the hedgies. + +**TL;DR:** + +Ook Ook, bitches. Moon soon. + +I would like to thank u/gherkinit and all of the folks involved in his quant team for helping me gather and process data, as well as help develop and test hypotheses. They did some heavy lifting on this one, particularly in gathering full daily options chain data for GME from Jan 4th, 2021 until today. + +A reminder of the hypothesis: the price of the stock has been solely driven by delta hedging options, shorting ETFs containing GME (maybe related? See DD by u/Turdferg23 and u/bobsmith808), and shorting GME itself. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +**If you have questions regarding the MATH shown here please direct your questions to** u/Dr_gingerballs **I'm sure he would love to answer questions regarding his methodology or model. I'm sure if you want to fact check, you will find like we did, that it is accurate.** + +**Options data pulled from ThinkorSwim OnDemand each day at 16:00:00 from January of 2020** + +**Data used from January 4th. 2021** + +\*official smoothbrain translation provided by the sire of the "dans" + +**Disclaimer** + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* + **Walt Disney Company (DIS):** + +**History:** The history of the Walt Disney Company is rich in tradition and wonder. Founded by Walt Disney in 1923, the Disney brand was able to create the most beloved cartoon characters of its time. And as the characters came to life on black and white screens, the company grew bigger and bigger. Walt Disney became the source of entertainment for children in the 20th century and even made an entry into the amusement park industry with great success. The Walt Disney Company also made several strategic acquisitions before the 21st century, giving them even more room to grow their entertainment products and design higher-quality projects. **The Walt Disney Company has conquered the hearts of many families for several decades with, again, a great success.** + + **Recent Story:** Today, the Walt Disney Company faces some financial difficulties. The company still has overwhelming success in the entertainment industry, but due to COVID and the acquisition of Twenty-First Century Fox Inc, a global entertainment company, the Walt Disney Company has taken on an overwhelming amount of debt ($ 62 billion). Although this debt persists, the Walt Disney Company has proven to be quite versatile in increasing its presence in the online streaming business. They have made it imperative to focus on Consumer Direct products and expand their portfolio of services, all while the COVID continues to rage. In the short term, it has proven to be quite effective for their earnings, but will this sort of growth persist? + +Google Spreadsheet: [https://docs.google.com/spreadsheets/d/1mMk4MzMhnxUdpGmHqLBatKR3iVwGb\_zN9ufSHmhTW0s/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1mMk4MzMhnxUdpGmHqLBatKR3iVwGb_zN9ufSHmhTW0s/edit?usp=sharing) +Hi, I am from India. I am totally new in Economics (have just started studying high school Economics). Recently I came across an article from Economic Times that says America owes India more than a hundred billion dollars. + +Source: [https://economictimes.indiatimes.com/news/economy/indicators/us-owes-india-usd-216-billion-as-american-debt-soars-to-usd-29-trillion-lawmaker/articleshow/81240956.cms?from=mdr](https://economictimes.indiatimes.com/news/economy/indicators/us-owes-india-usd-216-billion-as-american-debt-soars-to-usd-29-trillion-lawmaker/articleshow/81240956.cms?from=mdr) + +This is a huge surprise to me as all my life I have heard that my country is economically poorer and weak and it survives only by borrowing money from western countries. Why would a superpower and rich country like USA need to borrow anything from a much poorer country like India? How does this work? Why is USA borrowing that money and what for? +A few months ago I asked everyone if I should take a job paying $20k more than the $100k I currently make. The vast majority of people said I shouldn’t take that job because the commute would take nearly an hour each way (as opposed to my current commute of 40 minutes each way). I took that advice, and now I’m about to start a job making $110k that is a mile away from my house. I’m so excited to not have a commute anymore and to be able to duck out of work for a little bit for my kid’s school events! +A few months ago I asked everyone if I should take a job paying $20k more than the $100k I currently make. The vast majority of people said I shouldn’t take that job because the commute would take nearly an hour each way (as opposed to my current commute of 40 minutes each way). I took that advice, and now I’m about to start a job making $110k that is a mile away from my house. I’m so excited to not have a commute anymore and to be able to duck out of work for a little bit for my kid’s school events! +COMMENT 1 IF HOLDING! +THE LONGER WE HOLD THE HIGHER THE PRICE!!PRICE TARGET: $300! + +UPDATE FEB 2st, 2021: ROBINHOOD & OTHER BROKERS ARE STILL RESTRICTING RETAIL VESTORS OF LIMIT BUYING SHARES! + +THEY ARE MAKING YOU PANIC TO SELL! THE ONLY PEOPLE BUYING THE SHARES ARE HEDGEFUNDS! + +AMC has over 320,000 options expiring today. Read that again! Hold, out of 57 million shares about 45 are being shorted. Thats a lot of covering needed. This will explote people. Like this so that we can get it to the top. +I've been feeling a bit depresso-expresso since I've been stuck indoors in Melbourne. Fortunately, I found this sub a week ago and have been putting more hours into it than my commerce degree. Opened up a SelfWealth account and put the money I had saved for travel into it then YOLO-d CRO and TNT which will hopefully 🚀🚀🚀 some more. Just wanted to say that I love you all and that I'll try be a bit more active in this community. Wishing tendies fall into everyones hands! +[Link to the full article (3 min read)](https://www.cnbc.com/2022/10/26/facebook-parent-meta-earnings-q3-2022.html) Shares of Meta plummeted in the extended trading after reporting a second straight revenue decline in Q3 and forecasted another drop in Q4. Meta is facing slowdown in online ad spending, challenges with Apple’s IOS privacy update, and losing users to TikTok. Meta’s revenues dropped 4% while expenses rose 19% from the same time last year. Revenues in their VR headsets and metaverse related business fell by nearly half from a year ago and has lost $9.4 billion so far this year. Meta stocks have already lost two-third of its value this year prior to the plunging share prices in the after market on Wednesday. + +**Check out** [**investorsnippets.com**](https://investorsnippets.com/) **to get more bite-sized news like straight to your inbox for free.** +I asked if they were a fiduciary and they started stuttering. Said my employer was or something like that but that I will pay fees from my paycheck to American Funds manager who will pay a portion on if it to him, my agent at primerica. I was never told what this fee would be. Should I know at this point in the process? + +I wasn’t expecting HIM to be my agent. I scheduled an appt with a woman but when I got there was told she’d given my case to him bc she’s swamped and they all help each other. + +Was offered a PT job and invited to an informational on Saturday. + +I was hoping before I decided how much to contribute, we’d do a financial analysis. I brought all of my paperwork for it. But it was the guy’s anniversary and he asked if we could do the analysis later, and invited to check both me and my partner’s financials. Is it strange that I picked a monthly contribution without him analyzing my finances? + +Is it possible to call when they open at 9 and withdraw or withhold my application (he’s supposed to submit it today) until I’m aware of the fees and have had my finances evaluated? + +Edit: how do I go about cancelling or withdrawing my application? Do I say I am having reservations and would like to wait before submitting my reply? Should I add until I’ve had a financial analysis and better understand my personal spending habits and what I can safely contribute etc? Or how do I go about leaving? + +Edit: Thank you to everyone who replied and gave me advice ❤️ After reading the early comments, I called and said I’d like to withhold my application until I have had my finances evaluated, and asked when in the process I’d learn about the fees 👀 I wish I had seen some of your advice about having no qualms about leaving! He apologized for not going over the fees and told me I’d be charged a 5% sales tax and a .6% expense ratio. I think I will let him know over the weekend that I will not be moving forward with the application. +Now that a lot of growth stocks have pretty much lost all their gains since the 2020 crash I'm more convinced in value and dividend stocks than ever. People were constantly posting on here about buying growth while young, etc, etc and don't waste your time with Divi stocks. Well I allocated a small portion of my portfolio to growth last year in the form of a global growth fund. Currently the worst performer of my entire portfolio and it wouldn't surprise me if I takes a decade to break even again. + +On the flip side my oil and commodities stocks are up, both last year and so far this one. My share count in these is also increasing as dividends are being reinvested. Those shares can't be lost even if the shares drop back down, unlike growth where you can lose literally everything you've gained over two years and back to square one. If growth is in a decade long bear market then at least with dividends you are still accumulating shares +Every millennial complains that they studied so hard to achieve a degree and now they're either flipping burgers or unemployed. I came to this subreddit looking for the "whys", searched previous threads, but there appears to be consensus that "millennials have it better than any previous generation". + +I was wondering if both statements could be true. + +I have found data showing that [the fraction of population with tertiary education has increased a lot during the past 4 decades](https://data.oecd.org/eduatt/population-with-tertiary-education.htm), and then there's [this graph](https://i.imgur.com/a1BFISs.png) showing a significant share of overqualified workers (from [this eurostat publication](http://publications.europa.eu/resource/cellar/d0b7da52-9988-11e5-b3b7-01aa75ed71a1.0001.02/DOC_1)). But this alone isn't enough, probably the economy has shifted in a way that more skilled professionals are needed than before. + +I haven't found is historical data about overqualified workers decades ago. Do you have such data? Could that explain the different, apparently contradicting perceptions on the subject? + +(Also, I'd appreciate if you can offer a global point of view. All the information I can find about millenials in English talks very specifically about US problems, all the information I can find in Italian is specific to Italy's problems... but if this is happening everywhere then the causes must be much bigger than any country alone.) +On investopedia, it says CBDC(central bank digital currency) will be centralised, issued and managed by central bank. If we ban cash and allow only digital transactions through internet/mobile banking, wouldn't it achieve the purpose of CBDC? + +Also will it be Minable? If yes, wouldn't it mean printing your currency? +My mom has about $500,000 in savings and is getting pretty advanced in years. She wants to make sure I get this money and not the government or a nursing home someday. She gets enough yearly money in pension that she doesn’t need it to survive or pay for future costs. +What is the best way to get this money in my name so no one else can potentially get it when she dies or becomes very ill? +Today marks the anniversary of the baby sneeze where we all got a peak behind the curtain of corruption, deceit and lies that are the inner workings of the “free market”. + +Having been an investor since early January 2021 it would be an understatement to say what a journey this has been. From what was a simple fundamental value play started by Michael Burry, introduced to ‘the sub that cant be named’ by the legendary DFV has lead to a year of growth in my own personal knowledge around market trading, market structure, fact checking and emotional intelligence. + +None of this would have been possible without the selflessness of so many other shareholders who also like the stock. From those who spend hours writing DD, making memes, scouring SEC forms and even just helping out those baby apes with less knowledge. + +I feel so grateful that I can call myself an ape because I have seen first hand the kindness and generosity that Gamestop shareholders have. As much as there have been bad eggs who have tried to paint a bad picture, from corrupt mods, shills and the just plain ignorant. + +Big thank yous to; + +Papa Cohen + +GME sub + +Jungle + +House of Cards DD + +Glass Castle DD + +GME DD . Com + +The Apes who can’t comment or post yet + +The AMA hosts and guests + +Reverse Repo + +Reverse Repo chart guy + +Diamentehande guys + +Ban Me Guy + +Meme Lords + +ELLIOT WAVES GUY + +Exponential floor guy + +The retired knights of new + +Rick Of Spades and cake guy 😰 + +GMEFloor guy + +Peruvian bull - dollar end game guy + +DOMO + +Crayon Eaters + +Sideways Trading Guy + +Todays the Day guy + +Todays the Day Starfish + +Highway Sign guy - Mr Boost + +Pigeon Facts Guy + +Charles Payne + +Cucumber Girl + +Sock drink guy + +ScrollWheeler + +POTATO_IN_MY_ASS + +Drone guy - MonkeeInTheSky + +Gary Gensler + +Plane Tracker guy + +Option Data explainer guy(s) + +Gherkinit + +HomeDepotHank + +Satori + +Jackie Welles + +GME New York Billboard Guy + +Houston Wade + +2:45 guy + +WetDirtKirt + +SEC + +Dave Lauer + +Computershare Staff + +Dr Trimbath + +DFV + +Atobitt + +PinkCat + +Criand + +Runic Glory + +Rensole + +Mirfster + +Buttfarm + +FridayFlair Guy + +All our mods - old and new + +[This Legendary Diamond Hands Bastard](https://www.reddit.com/user/me/) + +Im sure there are many others so sorry if you’re not coming to mind 🥺 (post a comment and I’ll add them) + +#TLDR; At market close tonight I invite you all to join me from around the world and raise a glass (doesn’t have to be alcoholic) or a joint or whatever to the stock that I like in honour of the journey that shutting the buy button off has taken us on. + + +P.S this is not hydration advice + +. ✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　*　　　　　　   　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　. 　　 　　　　　　　 ✦ 　　　　　　　　　　 　 ‍ ‍ ‍ ‍ 　　　　 　　　　　　　　　　　　,　　   　 .　　　　　　　　　　　　　.　　　ﾟ　  　　　.　　　　　　　　　　　☀️　　. ,　　　　　　　.　　　　　　    　　　　 　　　　　　　　　　　　　　　　　　  　　　　　　　　　　　　　　　　　　    　      　　　　　        　　　 　　　　　　　　　　. 　　　　　　　　　　.　　　　　　　　　　　　　. 　　　　　　　　　　　　　　　　       　   　　　　 　　　　　　　　　　　　　　　　       　   　　　　　　　　　　　　　　　　       　    ✦ 　   　　　,　　　　　　　　　　　    🚀 r/Superstonk　　　　 　　,　　　 ‍ ‍ ‍ ‍ 　 　　　　　　　　　　　　.　　　　　 　　 　　　.　　　　　　　　　　　　　 　           　　　　　　　　　　　　　　　　　　　˚　　　 　   　　　　,　　　　　　　　　　　       　    　　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　　　　　.　　　　　    　　. 　 　　　　　.　　　　 🌑 　　　　　   　　　　　.　　　　　　　　　　　.　　　　　　　　　　   　 ˚　　　　　　　　　　　　　　　　　　　　　ﾟ　　　　　.　　　　　　　　　　　　　　　. 　　  　 🌎 ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ,　 　　　　　　　　　　　　　　* .　　　　　 　　　　　　　　　　　　　　.　　　　　　　　　　 ✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　 + +# #buy #hold #drs + +#GME GO BRRRRRRRRRRRRRRRRRRRRRRR + + +EDIT: This got more traction that i thought it would, so.. +# HERE’S TO OWNING THE FLOAT AND A DEEP FUCKING CHEERS TO ALL OF Y’ALL + +EDIT 2: Mods, some apes are requesting a marketclose thread for them all to toast each other later, can this be done? + +EDIT 3: Mods have proposed, if you want to share photos of drinks at market close then post them here, see you all at market close! + +✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　*　　　　　　   　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　. 　　 　　　　　　　 ✦ 　　　　　　　　　　 　 ‍ ‍ ‍ ‍ 　　　　 　　　　　　　　　　　　,　　   　 .　　　　　　　　　　　　　.　　　ﾟ　  　　　.　　　　　　　　　　　☀️　　. ,　　　　　　　.　　　　　　    　　　　 　　　　　　　　　　　　　　　　　　  　　　　　　　　　　　　　　　　　　    　      　　　　　        　　　 　　　　　　　　　　. 　　　　　　　　　　.　　　　　　　　　　　　　. 　　　　　　　　　　　　　　　　       　   　　　　 　　　　　　　　　　　　　　　　       　   　　　　　　　　　　　　　　　　       　    ✦ 　   　　　,　　　　　　　　　　　    🚀 r/Superstonk　　　　 　　,　　　 ‍ ‍ ‍ ‍ 　 　　　　　　　　　　　　.　　　　　 　　 　　　.　　　　　　　　　　　　　 　           　　　　　　　　　　　　　　　　　　　˚　　　 　   　　　　,　　　　　　　　　　　       　    　　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　　　　　.　　　　　    　　. 　 　　　　　.　　　　 🌑 　　　　　   　　　　　.　　　　　　　　　　　.　　　　　　　　　　   　 ˚　　　　　　　　　　　　　　　　　　　　　ﾟ　　　　　.　　　　　　　　　　　　　　　. 　　  　 🌎 ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ,　 　　　　　　　　　　　　　　* .　　　　　 　　　　　　　　　　　　　　.　　　　　　　　　　 ✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　 + +✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　*　　　　　　   　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　. 　　 　　　　　　　 ✦ 　　　　　　　　　　 　 ‍ ‍ ‍ ‍ 　　　　 　　　　　　　　　　　　,　　   　 .　　　　　　　　　　　　　.　　　ﾟ　  　　　.　　　　　　　　　　　☀️　　. ,　　　　　　　.　　　　　　    　　　　 　　　　　　　　　　　　　　　　　　  　　　　　　　　　　　　　　　　　　    　      　　　　　        　　　 　　　　　　　　　　. 　　　　　　　　　　.　　　　　　　　　　　　　. 　　　　　　　　　　　　　　　　       　   　　　　 　　　　　　　　　　　　　　　　       　   　　　　　　　　　　　　　　　　       　    ✦ 　   　　　,　　　　　　　　　��　    🚀 r/Superstonk　　　　 　　,　　　 ‍ ‍ ‍ ‍ 　 　　　　　　　　　　　　.　　　　　 　　 　　　.　　　　　　　　　　　　　 　           　　　　　　　　　　　　　　　　　　　˚　　　 　   　　　　,　　　　　　　　　　　       　    　　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　　　　　.　　　　　    　　. 　 　　　　　.　　　　 🌑 　　　　　   　　　　　.　　　　　　　　　　　.　　　　　　　　　　   　 ˚　　　　　　　　　　　　　　　　　　　　　ﾟ　　　　　.　　　　　　　　　　　　　　　. 　　  　 🌎 ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ,　 　　　　　　　　　　　　　　* .　　　　　 　　　　　　　　　　　　　　.　　　　　　　　　　 ✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　 + +✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　*　　　　　　   　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　. 　　 　　　　　　　 ✦ 　　　　　　　　　　 　 ‍ ‍ ‍ ‍ 　　　　 　　　　　　　　　　　　,　　   　 .　　　　　　　　　　　　　.　　　ﾟ　  　　　.　　　　　　　　　　　☀️　　. ,　　　　　　　.　　　　　　    　　　　 　　　　　　　　　　　　　　　　　　  　　　　　　　　　　　　　　　　　　    　      　　　　　        　　　 　　　　　　　　　　. 　　　　　　　　　　.　　　　　　　　　　　　　. 　　　　　　　　　　　　　　　　       　   　　　　 　　　　　　　　　　　　　　　　       　   　　　　　　　　　　　　　　　　       　    ✦ 　   　　　,　　　　　　　　　　　    🚀 r/Superstonk　　　　 　　,　　　 ‍ ‍ ‍ ‍ 　 　　　　　　　　　　　　.　　　　　 　　 　　　.　　　　　　　　　　　　　 　           　　　　　　　　　　　　　　　　　　　˚　　　 　   　　　　,　　　　　　　　　　　       　    　　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　　　　　.　　　　　    　　. 　 　　　　　.　　　　 🌑 　　　　　   　　　　　.　　　　　　　　　　　.　　　　　　　　　　   　 ˚　　　　　　　　　　　　　　　　　　　　　ﾟ　　　　　.　　　　　　　　　　　　　　　. 　　  　 🌎 ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ,　 　　　　　　　　　　　　　　* .　　　　　 　　　　　　　　　　　　　　.　　　　　　　　　　 ✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　 + +#Cheers to you all here at market close + +Post photos (imgur links?) of you toasting those above, whether it be alcohol, coffee, milk , water, weed, or even an empty diamond hand 💎 + +Post cheers in your comments in your languages and also to each other, and also for the apes that cant comment here. + +Thank you all for getting involved! + +#HERE’S TO OWNING THE FLOAT AND A DEEP FUCKING CHEERS TO ALL OF Y’ALL! +Good time to sell into the upsurging market on Wall Street? + +https://www.cnbc.com/2020/03/30/coronavirus-job-losses-could-total-47-million-unemployment-rate-of-32percent-fed-says.html +DISCLAIMER: This post is NOT Financial Advice! + + +This is actual DD of just statistical, cold hard facts. My previous post got removed by the compromised mods of r/wallstreetbets + + +[I have access to Bloomberg Terminal with up to date data as of February 5 on institutional holdings. Institutions currently hold 177% of the float!](https://i.redd.it/c44cmb67mtf61.png) + + +[How is this even possible to own more than 100% of the float?](https://www.investopedia.com/ask/answers/07/institutional_holdings.asp) Here's an example of one of the most likely causes of distorted institutional holdings percentages. Let's assume Company XYZ has 20 million shares outstanding and Institution A owns all 20 million. In a shorting transaction, institution B borrows five million of these shares from Institution A, then sells them to Institution C. If both A and C claim ownership of the shares shorted by B, the institutional ownership of Company XYZ could be reported as 25 million shares (20 + 5)—or 125% (25 ÷ 20). In this case, institutional holdings may be incorrectly reported as more than 100%. + + +In cases where reported institutional ownership exceeds 100%, actual institutional ownership would need to already be very high. While somewhat imprecise, arriving at this conclusion helps investors to determine the degree of the potential impact that institutional purchases and sales could have on a company's stock overall. + + +I have plausible evidence that leads me to believe there are still shorts who have not covered, and there are also shorts who entered greedily at prices that could still trigger a short squeeze event as this knife has been falling. [~1 million shares of GME were borrowed this Friday at 10 am, and a short attack occured that dropped GME from $95 to $70 over the course of 15 minutes.](https://i.redd.it/97j13bxy4pf61.jpg) + + +[This is my source for live borrowed shares data that you can watch during market hours.](https://iborrowdesk.com/report/GME) + +So we still meet the first requirement for a short squeeze to even be possible, there ARE a lot of short positions taken in GME still. The ultimate question is will there be enough demand to drown the supply? Or are we going to let the wolf in sheep's clothing aka Citadel who we know is behind not only these short positions bailing them out and purchasing puts themselves (data from 9/30/20) , but behind many brokerages who ultimately manipulated the supply demand chain by removing buying...are we really going to just let this happen? What they did last Thursday was straight up criminal. + + +Institutions move the markets more than retailers unfortunately, especially when order flows go directly through Citadel. [But it is very interesting the amount of OTM calls weeks out compared to puts. This is options expiring 3/12/21, and all the earlier expiration dates are also heavy in OTM calls.](https://i.imgur.com/mv0bo4Y.png) Max pain theory states it is in the market maker's best interest (those who write options aka theta gang) for price to gravitate towards max pain, as the strike price with the most open contracts including puts and calls would cause financial losses for the largest number of option holders at expiration. + + +With this heavy volume abundant in OTM calls, a gamma squeeze can occur if we can get the market makers to hedge against their options. [Look what triggered the explosive movement as price blasted past the max pain strike last week, I believe this caused many bears to have to take a long position as a way to hedge against their losses.](https://i.imgur.com/NHZg0O6.png) And right now, we are very close and gravitating towards max pain strike. If there is a catalyst/company event that can cause demand to increase, I believe GME is not dead for all the aforementioned reasons above. Thank you for taking your time to read my DD, my original post on wsb was removed by the mods. +MODS please don't delete! This is actual DD of just statistical, cold hard facts. My previous post got deleted, if this one does too, spread the word. + + +Edit: This post was removed, then reinstated, and I am now banned unable to comment and post to this subreddit + +Edit 2: hi u/OPINION_IS_UNPOPULAR , I would comment and post but I am literally unable to on this subreddit + +Edit 3: I'm unbanned! +TLDR: Citadel has two algorithms. SmartProvide and FastFill. They use these two algos to facilitate latency arbitrage. Effectively knowing there will be a difference between true price and the price its trading for and take advantage of the discrepancy for personal profit. The also route non-beneficial orders to off-exchange so their algos continue to work how they want. These two algorithms scalp pennies on the dollar over and over. So I ask, how can a private company that relies on latency arbitrage for personal profit NOT have any conflicts of interest for best available price throughout the entire market? How can they say the represent retail when they steal from us every minute of the day? + +**Those discrepancies are not just made of money out of nowhere. They are effectively STEALING our best available price so that THEY can keep it. And these slimy fucks govern the entire U.S. markets???** + +**We need to demand open source information to see whats behind these algorithms, currently only 15 total employees know what makes up these algorithms yet Citadel can still have full rights to market-making the vast majority of all U.S. trades on and off exchange, while also stealing from said traders.** + +\#CitadelSteals + +\#CitadelOpenSource + +&#x200B; + +https://preview.redd.it/9ldk91d2ru091.png?width=691&format=png&auto=webp&s=b03fde6eca5ce86bfb19213d89c273fe771a5f89 + +https://preview.redd.it/l1rbn5yuru091.png?width=351&format=png&auto=webp&s=510ee88d397c9b0896d0ee8235c04e81857645dc + +**Glossary Needed to Understand Write-Up:** + +**Arbitrage:** The simultaneous purchase and sale of the same asset in different markets in order to profit from tiny differences in the asset's listed price + +**NBBO:** Best available (lowest) ask price. Best available (highest) bid price. NBBO is essentially the best current value for your trades. + +**Algorithm**: A procedure used for solving a problem or performing a computation. Algorithms act as a precise list of instructions that conduct specified actions step by step in either hardware- or software-based routines. + +**Off-Exchange:** Low regulated private exchange only big players have access to where they can trade blocks of securities/contracts at a time without any effect on price discovery. Not lit exchange like NYSE / IEX etc. + +**IEX:** The Investors Exchange. Founded in 2012 in order to mitigate the effects of high frequency trading (HFT). Every trade on IEX hits the lit exchange directly for best available price. No scalping no arbitrage. + +**High-Frequency Trading (HFT):** High-frequency trading, also known as HFT, is a method of trading that uses powerful computer programs to transact a large number of orders in fractions of a second. It uses complex [algorithms](https://www.investopedia.com/terms/a/algorithm.asp) to analyze multiple markets and execute orders based on market conditions. Typically, the traders with the fastest execution speeds are more profitable than traders with slower execution speeds. + +**SIP:** U.S. Securities Information Processor. It consolidates all 16 exchanges. It also consolidates all 30+ dark pools quote prices and market data into one off exchange data set. + +[SIP Explained](https://preview.redd.it/fomxpipuhu091.png?width=626&format=png&auto=webp&s=1c20ccd2845edd718063b9e620f6b9bd44aeac91) + +&#x200B; + +**"The Citadel Settlement, Off-Exchange Market Makers, and Giant Brokerages - Columbia University Law"** + +(Source: [https://clsbluesky.law.columbia.edu/2017/05/05/the-citadel-settlement-off-exchange-market-makers-and-giant-brokerages/#\_ftn5](https://clsbluesky.law.columbia.edu/2017/05/05/the-citadel-settlement-off-exchange-market-makers-and-giant-brokerages/#_ftn5)) + +This key settlement is the only piece on the internet that goes into detail with how these algorithms work. And they prove Citadel does not facilitate best price for traders, in fact they go out of their way to ensure they do not. + +"The settlement focused on two algorithms—or, in the industry lingo, “algos”—with the monikers **FastFill** and **SmartProvide**, which were run by Citadel’s wholesale market making unit. Both algos were triggered by price discrepancies between the consolidated and private data feeds, i.e., the “official” market data distributed by a designated Security Information Processor (“SIP”) and more detailed and inherently faster market data products offered by exchanges themselves...the very existence of such trading strategies, which may be classified under the umbrella of **“latency arbitrage."** + +ELIAPE: SIP=what it should trade at, they have PFOF and other data advantages so they can pull data from the other exchanges and know price movements by the millisecond. They scalp these differences which always leaves them with the gains and retail with the difference lost. + +**Okay time to dive into the algo structures, its nothing crazy technical, but the functions are damning for conflicts of interest in every sense.** + +https://preview.redd.it/etas5sf0tu091.png?width=356&format=png&auto=webp&s=50d154206d00d8df5335fd91d7a48f674c3dd46a + +&#x200B; + +**FastFill Explained:** + +“\[C\]ontemporaneous with determining to internalize the order at the SIP NBB \[National Best Bid\] or NBO \[National Best Offer\], as applicable, FastFill sent a proprietary order to the market in an effort to execute for itself at a price better than the SIP NBB or NBO, as relevant.” + +"substantial number of smaller orders fared worse because of FastFill in that there was sufficient liquidity displayed in the market to fill all or most of such orders at a price better than the SIP NBB or NBO, as applicable." + +**ELIAPE:** They see price going up and the consolidated data (SIP) isn't reflecting it yet, so they front run buying before the gains happen. In general smaller liquidity stocks and retail buying is basically fucked by this algorithm and almost always gets scalped for a loss to retail. + +The same situation happens but opposite for selling. SIP is high but their data shows low so they sell high before price is "realized" on SIP. + +The delay between your buys and sells being executed is time for Citadel to steal your money. + +&#x200B; + +**SmartProvide Explained:** + +"Turning to SmartProvide, this algo had a number of interesting twists. As its pivotal feature, SmartProvide converted marketable orders into nonmarketable orders, which could have been motivated by Citadel’s deliberate decision to capture liquidity rebates offered by exchanges. Moreover, this algo introduced significant time delays. More specifically, an order could end up being “displayed for up to one to five seconds, depending on the size of the order,”[\[9\]](https://clsbluesky.law.columbia.edu/2017/05/05/the-citadel-settlement-off-exchange-market-makers-and-giant-brokerages/#_ftn9) and this timeframe is much longer than a typical delay of less than one *millisecond*, i.e., one thousandth of a second, for the consolidated data feed compared with faster private data feeds." + +**ELIAPE:** They are purposefully filling orders off-exchange that could be speculated to be the ones that are not profitable for their FastFill structure, no one knows what is making these algorithms route things off exchange in fully liquid markets. Off-exchange was used to help facilitate trades for illiquid markets/stocks.. Soo why are fully liquid stocks/markets making up of over 60-70% dark pool routing? Oh yeah and **A DELAY OF UP TO 5 SECONDS WHEN NORMAL TRADES ARE IN THE MILLISECOND RANGE.** + +&#x200B; + +"In other words, this algo went beyond a simple data feed arbitrage, and, as one might speculate, it probably involved additional predictive number-crunching and HFT-style market structure shortcuts. Ultimately, despite being advantageous to some orders, SmartProvide led to a subset of orders “receiv\[ing\] a price that was worse than they would have received” in the scenario of immediate execution.[\[11\]](https://clsbluesky.law.columbia.edu/2017/05/05/the-citadel-settlement-off-exchange-market-makers-and-giant-brokerages/#_ftn11)" + +**ELIAPE:** Citadel is likely purposefully routing certain orders off-exchange and creating their own latency arbitrage so that their HFT can take advantage of the price discrepancies while also not affecting/ruining their SmartFill algorithms that are scalping as well. + +&#x200B; + +https://preview.redd.it/hatuo7evpu091.png?width=539&format=png&auto=webp&s=ba0004ac8e2937cfb4ae5b1a80cfbe3474ef8e0d + +They essentially are creating arbitrage to scalp, and causing illiquid markets on purpose so that their spreads can be greater and they can take more. + +&#x200B; + +**When scummy Goldman employees and Virtu employees agree with you then you know how fucking fucked Citadel is:** + +[https:\/\/www.protocol.com\/fintech\/citadel-iex-sec-lawsuit](https://preview.redd.it/kzp6jyo1pu091.png?width=593&format=png&auto=webp&s=f7e0b71c40650b8f18077666ab2405f5f5c9a227) + +&#x200B; + +**Citadel Being Sued For (not getting) Best Price On Purpose:** + +https://preview.redd.it/r0mj7r0onu091.png?width=530&format=png&auto=webp&s=088e43b8013650b3ce35bfa3aa66a7a26ea16741 + +Now Citadel controls the majority of lit trades, even topping the entire NASDAQ in trades. Also they control over 50% of all dark pool trades. + +&#x200B; + +**Other Options:** + +IEX. IEX has been shown to increase discovery price in retail investors much more than citadels market making abilities. Because they completely take out any HFT. If Citadel is using latency arbitrage and off-exchange routing algos to their advantage all of those "discrepancies" are quite LITERALLY our price discovery being shoved into the shadows and these lawsuits prove that. + +&#x200B; + +**WE NEED TO DEMAND OPEN SOURCE TO FASTFILL AND SMARTPROVIDE** + +**THEY CANNOT KEEP STEALING OUR MONEY AND OUR PRICE DISCOVERY.** + +**#CitadelSteals** + +**#CitadelScandal** + +**#CitadelOpenSource** + +&#x200B; + +Special thanks to u/swede_child_of_mine for letting me know about this case. + +Cheers +Apologies if this question is badly phrased, as I'm not sure the best way to ask this. I'll try to explain. **(EDIT: I've realized that the way I wrote this post, you could argue that this is more of a philosophical/ideological question than an economic one. Perhaps rather than arguing whether landlords are "good" or "bad," the question should be why they exist, what need or specific use case they address, and/or what would happen in a world in which landlords either did not exist or were not legal.)** + +Some leftists, including [anarchist YouTuber Thought Slime](https://www.youtube.com/watch?v=g2EWQ4v9wbA), argue that landlords — or at least the practice of buying housing and charging people for access to it — is immoral. The idea is that housing is a fundamental human need (I happen to agree with this), and all landlords are doing is buying places for people to live and charging people a monthly fee to live there. Also, landlords often do not add any value to the property they are renting out, so the only way they're profiting from it is by owning it and charging people to live there. Because landlords are passively profiting from a product/service that is practically needed to live, and because renters often have no choice but to rent if they want housing, the landlords are, according to the argument, exploiting this necessity. The moral thing to do, then, would be to seize these properties from the landlords and allocate them to people based on need. + +To be honest, I don't know how to respond to this argument. It seems pretty logically solid to me. But to my knowledge, economists aren't opposed to renting or landlords. Thought Slime's opinion on economists, ["most economists are parasites that believe whatever neoliberal bullshit the Chicago school tells them to"](https://youtu.be/TBOxrHdTKE0?t=1803), indicates to me that he doesn't care about their views on this issue, but I do. + +**Is renting/landlord-ism "bad" or "immoral"? Why can't renters pay the same monthly fee just to buy the property outright? Are there practical benefits to landlords existing, and do these outweigh the drawbacks?** + +It's worth noting that the second link in this post is TS's rebuttal to another YouTuber who argues against his idea that landlords are bad. In this second video, TS makes clear that he believes landlords are just a symptom of the larger problem of capitalism, the profit motive, and private ownership. I think further asking economists to justify capitalism, the profit motive, and private ownership would unnecessarily widen the scope of my question and devolve into ideological infighting. That said, I personally do not believe profit and private ownership are inherently bad or immoral, so I'm more concerned with how these apply to housing/renting specifically. **Is it immoral for someone to profit purely from owning housing and charging for access to it, rather than from constructing and selling it outright?** +So about 20 minutes ago, I got a "hey, did you fly to Germany overnight?" Unauthorized login email from pornhub. Checked it, sure enough someone logged in with my password. Don't give two shits about someone watching porn on my account, so I immediately went to work on the rest. + +I don't share passwords with any accounts, but pornhub one was an oddly secure password that probably couldn't be brute forced... I assumed breach. + +Changed all my exchange passwords that were tied to the same email, and switched all their 2fa to my phone instead of email. That's when I start getting login failure notices... Of course they hit the exchanges first. + +After that I damage controlled financial institution accounts, and sure enough started seeing login failures on those. About 15 minutes after I got the pornhub notice (when serious damage would've already been done) I got a "possible breach" notification from capital one assistant. + +I totally am usually asleep right now. Pornhub may have just saved me tens of thousands of dollars, and is apparently more reliable than all my financial institutions. + +****Update and FAQ: + +Thanks so much for the awards and responses! I just thought this was a funny near miss and wanted to share my maniacal laughter, had no idea it would blow up like this. + +So, turns out it was my phone that was malware compromised. Factory reset, extended authy to everything for now, all passwords changed, all financial institutions alerted. + +As has been pointed out a few times in comments, it's likely they accessed pornhub first because if I had linked crypto wallets or bank accounts for tipping, they could just send all meh money to their verified account. Probably a super easy front door way of scooping a couple BTC up from unwitting peoples... Hadn't thought of that, I just assumed they were testing access. + +No, having a pornhub account doesn't mean I pay for porn, just that I like to save playlists and favorites. Some of you are living in the 90s of internet porn. + +Amazed at how many people assume that the breach came from pornhub. Frankly, it seems like they guard info better than anyone else I deal with. I would never think of putting personal information into any porn site... Pornhub's app has always proven to be secure and well supported. + +All credit accounts frozen, all financial institutions contacted. Net loss of ZERO. They attempted a $7000 wire transfer out of my checking account that my small town bank ofc called me about, and a $1300 credit card purchase that got declined as sketch. Otherwise it seems I beat them to all accounts. + +****EDIT 2: + +Since so many people are asking about my phone... It's an Android, brand new Motorola sealed in box. No, I don't know the source, just know that it happened in a 2 hour window before I got all my security up and running, during which time I used it for work a lot and downloaded a lot of my standard programs. + +I just ran my basic security check, and thing came up red af, so I didn't even bother trying to treat... I only have had it for a week, reset was easy. +I think when it comes down to it you as the landlord is who is guaranteeing the bank will get their money and take on risk for property damage/vacancies +Generally speaking corporations are only taxed on their profit - that is the cheese they actually keep after they have accounted for losses and operating costs and other debts. Individual citizens on the other hand are taxed on their entire income, effectively all of their "revenue", despite what other expenses they may have to account for - rent, medical insurance, dent payments, etc. Are there any valid reasons for this discrepancy? + + +I am looking for a non-political answer to this, hehe, as much as possible. I know that's kind of an oxymoron, but what I mean is that I am wondering if there are any *well reasoned* positions, supported by some kind of data or academic theory, and not just something rooted in principles of social justice or free-market evangelism or anything like that. e.g. is there a monetary or "sound money" reason. + + + +**∆I am American and only have experience with individual taxes in the United States, I understand that this question might not apply other places, but I am assuming it is the same in _most,_ so let's just take that as a baseline** +So I was aggressively job hunting right when all this happened. I have some solid, promising leads that are still moving forward. If I get a job offer (at my dream company) in the coming week or two, is it just lunacy to make a move right now? I am really hating what I'm doing but the work is steady for now and I can work remotely, even if it does drain my soul. + +EDIT ; thanks for all your perspectives. Can't reply to them all individually as I'm working right now but I definitely appreciate your time and attention. + +OFF WORK EDIT: Well this got some attention. I'll try and answer direct questions as best I can. Regarding details: I'm keeping them vague for anonymity but it's a fair bet the industry I'm in now (largely servicing grocery stores) is more stable than the one I would be headed to (outdoor equipment manufacturing). Thanks, again, to everyone for the time and perspectives! If I am offered a position after the interview process (beginning tomorrow), there will be lengthy discussion about assurances and protection during the transition, taking into account everything mentioned here. +I don’t understand why so many people think “value investing” means buying a company that is trading “cheaply” relative to the cash flows it has produced in the past, often focusing on bad businesses in bad industries with little to no growth prospects. + +The value of a business is the discounted cumulative free cash flow to equity holders you expect it will generate as a going concern. + +The last time I checked, “growth” is a pretty darn important variable in forward models. In the “old days” you could find net nets and great (cheaply priced) franchises because of the vast asymmetry of information, having to request then comb through reports. You could buy predictable businesses at a discount with extrapolated cash flows because of this asymmetry. + +As financial information became democratized and everyone could access it, then screen it, and with the rise of institutionalized investing, those inefficiencies disappeared, forcing investors farther out on the conviction curve. Meaning, investors would need to start actually having an imagination and assigning more value to qualitative factors and deciding which future case they want to hang their hats on. + +Investing is hard...but fun and rewarding when you do well. Take time to understand the fundamental characteristics of the industry the business you’re studying is operating in and the changes in bargaining power between all the players. + +Value investing is not dead. It’s the only way to invest long-term without risking your shirt. It’s perfectly fine to trade, but just know what game you’re playing when you get into it. When you buy a stock you should pretend you are buying the entire business at that price, and only able to sell it every few years. Because of that, make sure you’re happy with the skills and honesty of the people at the top (and the prospects) of allocating your capital. + +Planning on writing much more on process, looking forward to joining your community. Much love ✌🏼 + +All the best +Howard + +@Howard_dAnconia on the twitters +I ask because of the constant ‘don’t time the market’ refrain on this sub. If you’re planning on retiring in 5, 10 or 15 years - perhaps worrying about an upcoming crash isn’t all that stupid… + +So, for people with time horizons of 10 years or less, how do you decide whether or not to invest at when the current fundamentals are so inflated? +Yesterday shortly after **Robinhood** posted its third-quarter results the stock fell **only** 9%. Yes. I said only 9%. **Robinhood's** performance was so poor the analysts have real concerns over the company's outlook. + +revenue plunged to $365 million from 565$ a quarter ago, Adjusted EBITDA fell to -$84 million from $90 in Q2. + +&#x200B; + +https://preview.redd.it/j1eu9c1t17w71.png?width=859&format=png&auto=webp&s=253cf341f1bf442bde09ff7303e17469120a2bab + +While the basic metrics look bad, I decided to focus on some other interesting spots in the earnings report. + +# Few reasons why: + +1. **Robinhood is bleeding out users** \- The number of funded accounts declined from 22.5 million to 22.4 million - only 100,000 users leaving the service, But the real issue is the "Monthly Active Users" metric - this quarter this number reached 18.9 million versus 21. million users last quarter. +2. **Average Revenue Per User declined significantly -** The metric ARPU helps investors to realize how much money the company earn from each registered customer. this number is decreasing consistently, from $137 per user in Q1 to $112 in Q2this quarter this number dropped dramatically - only **$65** in revenue per user +3. **Robinhood’s revenue stream relies heavily on dogecoin** \- cryptocurrency transactions made up 52% of Robinhood’s total transaction-related revenue, and **of the number 62% of its revenue came from Dogecoin transaction fees.** + +&#x200B; + +https://preview.redd.it/6hccihiu17w71.png?width=839&format=png&auto=webp&s=8bc17b06d25acf32f0533d7ddfbf2df8c11384de + +https://preview.redd.it/03c7jvtv17w71.png?width=858&format=png&auto=webp&s=512d2daba8459cd35fb5c7b2cd6c7ea4108c971f + + + + +https://preview.redd.it/ricv0klw17w71.png?width=863&format=png&auto=webp&s=fa1106c51e96e849448ee3ec66623017b23af863 + +# Few stocks I like better than Robinhood: + +A [few](https://www.reddit.com/r/growthstonks/comments/qcrleq/sofi_vs_upstart_vs_lendingclub_looking_for_a/?utm_source=share&utm_medium=web2x&context=3)[ days ago I wrote a post comparing SOFI vs LENDINGCLUB vs UPSTART](https://www.reddit.com/r/growthstonks/comments/qcrleq/sofi_vs_upstart_vs_lendingclub_looking_for_a/?utm_source=share&utm_medium=web2x&context=3) + +SOFI for example operates an online platform that provides financial services. It offers a saving account, investing platform, student loan refinancing, private student loans, personal loans, auto loan refinance, home loans, mortgage loans, and investments, as well as insurance products for renters, homeowners, automobiles, and others. +The following is an excerpt from an [article](https://www.thehindu.com/business/Economy/us-currency-watchlist-an-intrusion-official/article34369954.ece) in The Hindu: + + +>The U.S. Treasury Department had recently retained India in a watchlist for currency manipulators submitted to the U.S. Congress, citing higher dollar purchases (close to 5% of the gross domestic product) by the Reserve Bank of India (RBI). +> +> Our overall reserves have been fairly steady at $500 bn to $600 bn + +Q: why is RBI buying dollars? + + +I read that it supports building exports and it's used as a reserve in times where inflows would drop dramatically. I didn't understand the second point completely though. + + +Also, what happens to this reserve if USD($) gets devalued? +(it can benefit US as well right? - US products will be competitive in global markets, they can get some relief on the debt they have as they will be paying money which is less valuable, helps stimulate local economic activities or this could happen due to hyperinflation - been reading about this quite a lot since warren buffet's QnA) +Show u/rensole your love and support fellow apes! + +This is the time when he needs it the most. + +Lets ensure this sub is free of toxic mods. + +I have been a silent lurker on r/wsb and then r/gme since Jan and every morning watching the Anchorman's news motivated me to hodl stronger. He helped me (and I am sure many of you) harden your diamond hands. + +Let him know what he means to y'all!! + +P.S I dont really post on reddit so I did not know which flair to put, please dont jump on me :D. + +EDIT 1: For those of you who think that he needs to make this decision himself and needs his time to think. I agree with you all. I also think it should be our courtesy (if not responsibility) to show him how much his interaction/effort meant to us as a community. As rensole always says, "Ape help ape". + +EDIT 2: u/rensole if you are reading this, know that you have a place among us. r/gme may have (back-)stabbed you but the true r/gme lies in all of us with you and other great members in it! + +EDIT 3: For all those who awarded my post, a heart-felt and personal thank you. I love you all, and I like the stock! + +Final EDIT: You guys are absolutely incredible with your responses and support!! This says a lot about how this community has grown. Pat your shoulders for me you beautiful tendie-loving apes. You are now stronger than ever. + +To all the shills and hedgies, the MOASS is inevitable and is coming for you. Here is a little sneak peak into our minds [https://www.youtube.com/watch?v=FpE\_STh3E8I](https://www.youtube.com/watch?v=FpE_STh3E8I) :p + +FINAL final EDIT: YOU DID IT FOLKSS!! You have got him back on air! Thanks for the update u/redchessqueen99 and u/rensole. Get some rest after this mess of a day and stay hydrated :D +Hey all, + + I recently posted about attaining financial success in the pharmaceutical/biotech industry that got a lot of great attention, comments, and conversations going. It was awesome seeing how many of you are in my industry and was great to read your prospectives regardless of where you are in your career. + +I had a few folks reach out to me directly, especially younger ones, asking what the best path is to take to "make it". I offered some insight from my prospectives but also offered a couple of them opportunities to connect on the phone to speak more openly about the topic. We exchanged numbers, set up times, connected on LinkedIn but I was surprised to see neither person called. Something came up or they maybe just forgot. I got an apology text from one of them but they missed the second meeting as well. + +Dont get me wrong I was a bit frustrated (I was excited to help out and paying it forward not to mention blocked time in my day to do so) but this post isn't meant to call those folks out just a piece of advice to anyone (regardless of age or experience) that is looking for insight or a favor from someone else. + +**Show up** + +Literally half the battle in your life is showing the f\*\*\* up when other people wont. There are a lot of people here looking to make moves in their career or wealth by frantically reading every post to glean hidden tricks of the trade. Before you look for the silver bullet to your problems or the golden path to success just remember that 90% of success is commitment. I cant tell you how many people ive met in my career that say they want the next thing and half heartedly give it an effort, coming out on the other side frustrated that life didnt go their way. Nothing ventured nothing gained, if you arent willing to put in the elbow grease dont bother thinking you'll make it to whatever metric in the sky you picked when you were 20 something. Lastly, no one, no matter how nice, is going to bend over to help you out if you wont help yourself - either make the effort and see it through or dont bother. To quote everyone's favorite tiny green man "do or do not, there is no try" + +Side note - im not ragging on Millenials persay (I'm 30 for god sake) but I feel like we have an obligation to buck this stereotype. + +Anyways, Ill step off my soapbox, put away the platitudes, and retire from the rhetoric. Im guessing other folks have faced this too so wanted to voice it in the forum for discussion - cheers all. +GameStop’s Ryan Cohen – along with his RC Ventures LLC – had disclosed a 9.8 percent stake in Bed Bath & Beyond back in March 2022. Crucially, Cohen also purchased 2023 call options on BBBY shares, with strike prices ranging between $60 and $80. For reference, the stock closed on Friday at $12.95 per share. While these bullish bets had appeared outlandish back in March, given the ongoing short squeeze in BBBY shares, it remains within the realm of the possible that Ryan Cohen’s call options enter the in-the-money territory. Even if that does not occur, any rally that takes the stock above $30 – which was the stock’s rough price level toward the end of March – will result in outsized gains for Cohen on the back of the increase in these options’ intrinsic value. + +Read the full article: [https://wccftech.com/as-the-short-squeeze-in-bed-bath-beyond-bbby-continues-ryan-cohens-ultra-bullish-bet-on-the-stock-does-not-sound-so-outlandish-now/](https://wccftech.com/as-the-short-squeeze-in-bed-bath-beyond-bbby-continues-ryan-cohens-ultra-bullish-bet-on-the-stock-does-not-sound-so-outlandish-now/) + +https://preview.redd.it/kg5x708aj2i91.png?width=1341&format=png&auto=webp&s=d1d25ab35d8ab1bd0453a0e5e862dd7a4f293267 + +Source:[https://www.sec.gov/Archives/edgar/data/0001822844/000119380522001197/xslF345X02/e621885\_3-bbby.xml](https://www.sec.gov/Archives/edgar/data/0001822844/000119380522001197/xslF345X02/e621885_3-bbby.xml) + +GameStop (GME) chair Ryan Cohen has disclosed he is still in his call options for BBBY. He bought on April 21, 2022 at strike price of $60, $75, and $80 expiring on Jan 20th 2023. BBBY is currently trading at $16. How much do you think BBBY will be trading by Jan 2023? +**Preamble** + +Hedge Funds are a controversial breed of companies. On one hand, you have [Michael Burry’s Scion Capital returning 489%](https://en.wikipedia.org/wiki/Michael_Burry) shorting the housing market and on the other hand, you have [Melvin Capital losing 53%](https://en.wikipedia.org/wiki/GameStop_short_squeeze#Losses_by_short_sellers) of its investment value in 1 month following them shorting GameStop. Adding to this, most hedge funds have an eye-watering 2 and 20 fee structure -> What this means is that they will take 2% of your investment value and 20% of your profits every year as management fees \[1\]. + +Even with these significant risk factors and hefty fees, the total assets managed by Hedge Funds have grown year on year and is [now over $3.8 Trillion](https://www.statista.com/statistics/271771/assets-of-the-hedge-funds-worldwide/#:~:text=Assets%20under%20management%20of%20hedge%20funds%20worldwide%201997%2D2020&text=In%202020%2C%20the%20value%20reached,managers%20in%20the%20United%20States.). Given that you need to be an institutional or accredited investor to invest directly in a hedge fund \[2\], it begs the question + +**Do Hedge funds beat the market?** + +**Data** + +The individual performance data of hedge funds are extremely hard to get \[3\]. For this analysis, I would be using the Barclay Hedge Fund Index that calculates the average return \[4\] of 5,878 Hedge Funds. The data is available from 1997. + +This dataset was also used by [American Enterprise Institute in their analysis](https://www.aei.org/carpe-diem/the-sp-500-index-out-performed-hedge-funds-over-the-last-10-years-and-it-wasnt-even-close/), so the data must be accurate. All the data used in this analysis is shared as a Google sheet at the end. + +**Result** + +[ ](https://preview.redd.it/zy80c4kttbg71.png?width=882&format=png&auto=webp&s=22edbacdeeeab17670d3eaba794fffc867f1c41f) + +S&P500 has beaten the hedge funds summarily with it returning a whopping 222% more than the hedge fund over the last 24 years \[5\]. This difference becomes even more drastic if you consider the last 10 years. During 2011-2020, SPY has returned 265% vs the average hedge fund returns of just 60%. + +This awesome visualization by AEI shows the enormous difference in returns over the last 10 years. + +[ ](https://i.redd.it/5z8phclwtbg71.gif) + +If you are wondering about the impact of this on the average investor (who will not be able to invest in a Hedge fund due to the stringent capital requirements), these above returns correlate directly with the returns of [Fund of Funds (FOF)](https://www.investopedia.com/terms/f/fundsoffunds.asp). FOFs usually invest in a wide variety of Hedge funds and do not have the capital requirements required by a normal Hedge fund so that anyone can invest in it. + +The catch here is that you will be paying the management fee for both FOFs as well as the Hedge Funds. This implies that your net return would be even lower than directly investing in the Hedge Fund. This becomes apparent as if you consider the last 24 years, on average FOFs (Barclay Fund of Funds index), returned 233.1% (\~390% less than avg Hedge Fund) vs SPY returning 846%! + +**Warren Buffet’s take of Hedge Funds** + +In 2007, Warren Buffet had entered into a famous bet that an unmanaged, low-cost S&P 500 stock index fund would out-perform an actively managed group of high-cost hedge funds over the ten-year period from 2008 to 2017 when performance was measured net of fees, costs, and expenses. The result was similar to the above with S&P 500 beating all the actively managed funds by a significant margin. This is what he wrote to the investors in his annual letter + +>A number of smart people are involved in running hedge funds. But to a great extent their efforts are self-neutralizing, and their IQ will not overcome the costs they impose on investors. Investors, on average and over time, will do better with a low-cost index fund than with a group of funds of funds. + +Performance comes, performance goes. Fees never falter + +While I don’t completely agree with this view that it’s impossible for Hedge Funds to beat the market (The famous [Medallion Fund of Renaissance Technologies](https://ofdollarsanddata.com/medallion-fund/) \[6\] have returned 39% annualized returns (net of fees) compared to S&P 500‘s \~8% annualized returns over the last 30 years). But, it seems that on average Hedge Funds do return lesser than the stock market benchmark! + +**An alternative view** + +It would be now easy to conclude now that Hedge funds are pointless and the people who invest them in at not savvy investors. But, + +[ ](https://i.redd.it/vpb5klt1ubg71.gif) + +Given that the investors who invest in Hedge Funds usually are high net worth individuals having their own Financial Advisors or Pension Funds having teams of analysts evaluating their investments, why would they still invest in Hedge Funds that have considerably lesser returns than SPY? + +The answer lies in [diversification and risk mitigation](https://www.investopedia.com/articles/03/121003.asp). + +[ ](https://preview.redd.it/evh5eqm3ubg71.png?width=1020&format=png&auto=webp&s=ae3ca2caa10241fdec61f39801c45b7c14fce6cf) + +The above chart showcases the performance comparison between S&P 500 and Hedge Fund over the last two decades. We know that SPY had outperformed the hedge funds. But what is interesting is what happens during market crashes. + +In the 2000-2002 period where the market consistently had negative returns (Dotcom bubble) in the range of -10 to -22%, hedge funds were still net positive. Even in the 2008 Financial crisis, the difference in losses between SPY and hedge funds was a staggering 15%. + +This chart also showcases the important fact that most hedge funds are actually hedged pretty well in reality \[7\]. We only usually hear about outliers such as Michael Burry’s insane bet or how Bill Hwang of Archegos Capital lost $20B in two days which biases our entire outlook about hedge funds. To put this in perspective, over the period from January 1994 to March 2021, volatility (annualized standard deviation) of the S&P 500 was about 14.9% while the volatility of the aggregated hedge funds was only about 6.79% \[8\]. + +While you and I might care about the extra returns of SPY, I guess when you have 100’s of Millions of dollars, it becomes more important to conserve your funds rather than to chase a few extra percentage points of returns in SPY. + +**Conclusion** + +I started off the analysis with the expectation that Hedge Funds would easily be beating the market so as to justify their exorbitant fee structure. As we can see from the analysis, on average they don’t beat the market but provide sophisticated methods of diversification for big funds and HNI’s. + +Even if you want some effective diversification, it would be much better to invest directly with established hedge funds rather than going for Fund of Funds as with the latter, most of your returns would be taken by the two-tiered fee structure. + +What this means for the average investor is that in almost all cases, you would get a better return on your investment over the long run by just investing in a low-cost index fund. Replicating what pension funds and HNI’s do might not be the best strategy for your portfolio. + +Google sheet containing all the data used in this analysis: [Here](https://docs.google.com/spreadsheets/d/1nOQPyHdRNaRSv-c04iBRndvsgMDP78uSLKbxMwGWkeo/edit?usp=sharing) + +**Footnotes** + +\[1\] To signify the impact of this fee, let’s take the following e.g. if you invest $100K into a hedge fund and at the end of the year, your fund grows to $120K, they would charge you $2K (2%) + $4K (20% of the profit) for a total of $6K. Even if they lose money, they will still charge you $2K for managing your money. Vanguard SP500 ETF would charge you $30 for the same! + +\[2\] Minimum initial investments for hedge funds usually range from $100,000 to $2 million and you can only withdraw funds when you’ve invested a certain amount of money during specified times of the year. You also need to have a minimum net worth of $1 million and your annual income should amount to more than $200,000. + +\[3\] Barclayhedge provides data for the performance of individual hedge funds but it costs somewhere between $10-30K. I like you guys, but not that much :P! + +\[4\] The returns are average not weighted average based on the asset under management so it’s representative of the individual returns of the Hedge funds and does not bias the analysis due to the size of the Hedge Fund. + +\[5\] Please note that the SPY returns are not net of fees. But this would be inconsequential as a low-cost Vanguard index fund has fees as low as 0.03%. The returns shown for hedge funds are net of fees. + +\[6\] To put the performance of Medallion Fund in perspective (its considered as the greatest money-making machine of all time), $1 invested in the Medallion Fund from 1988-2018 would have grown to over $20,000 (net of fees) while $1 invested in the S&P 500 would have only grown to $20 over the same time period. Even a $1 investment in Warren Buffett’s Berkshire Hathaway would have *only* grown to $100 during this time. + +\[7\] For e.g., some hedge funds by inexpensive long-dated put options that hedges against a sudden market downturn. While this would ultimately make their net return lower in a bull market, in case of a huge crash, they would still be positive. [This](https://thehedgefundjournal.com/fat-tails/) article discusses more on fat tail risks in the market and how hedging is done. + +\[8\] The volatility is calculated using [Credit Suisse Hedge Fund Index](https://lab.credit-suisse.com/#/en/index/HEDG/HEDG/performance). + +Disclaimer: I am not a financial advisor! +We have been dreaming about mass adoption and decentralization. We wondered what it would be like. We have been asking ourselves that question since 2016 and possibly even earlier. Well... + +Here is your answer. This is how the market looks like when we start to see a tiny bit of mass adoption. + +Billionaires are manipulating the market? It's a part of the mass adoption game we have to accept. There are ways to resist it, but you can't just say "Please Elton go home and shut up" because guess what, Elton won't go home and shut up. + +You can't ban anyone from coming into this space, that's the whole point of fucking decentralization. You can't ban a billionaire from participating in the same way you can't ban a school teacher from participating. + +You want to complain about people buying doggy coins? Same shit. Tough luck that your coin is only seeing 1000% growth and not 10,000% boo. Again, you can resist your FOMO and you can invest smartly into fundamentals, but you cannot ban people from spending their money. It's their money and you're not HSBC. No matter how much you wish for it, you can't ban people from buying Bitconnect or Cumdoggy coins or whatever, they'll learn from their experience and that's how the market will correct it self. + +Rejoice crypto hodlers. + +The days we have been dreaming about have arrived. + +Don't be a bunch of salties. +I live in Liège, a city in the south of Belgium (region of Wallonia) that used to be an industrial powerhouse. Sadly, like many other places in Europe, it's not the case anymore. The city is poor and has been struggling the past decades to recover from deindustrialization. + +So as you probably have guessed, it is not a very dynamic city. The national employment rate for the 20-68yo was around 70% in 2018 and 63.7% for the region of Wallonia while only about 49.1% for the city of Liège. Many of the unemployed people do not even have access to unemployment benefits since they have not been working for so long. Therefore these people rely on welfare programmes, the "public centre for social welfare" of the municipality of Liège has the most beneficiaries of any municipality in Belgium and Liège is the most indebted municipalicty as well. Even 26.9% of the jobs in the Wallonia region are jobs in public companies, it is maybe even higher for Liège. So the private sector is not creating a lot of jobs in Liège. + +Naturally with such a context, the inhabitants have always been voting for left wing parties, that are very generous to the unemployed and that try to "revive" the city with big public projects such as [a huge railway station](https://en.wikipedia.org/wiki/Li%C3%A8ge-Guillemins_railway_station), a brand new tramway, new public housing, etc. The "Socialist party" has always been in the majority since 1976. The situation is simillar in the region of Wallonia as a whole. + +And so that got me thinking. **Has any region ever got out of poverty relying on redistributive policies or is a public policy that focused on the creation of good jobs generally better at lifting the population?** + +I have some notions of economics but not a lot on public policy. + +Thank you! +# This is an extremely long post but I’m gonna say what I gotta say. If you need to, save it and read later. Time to dive into the Rabbit Hole… + +https://preview.redd.it/rt2wehfu7w881.jpg?width=609&format=pjpg&auto=webp&s=fbf64c2719df8663c6c8022bfc406f96c7fee566 + +This is how I feel when I think about my journey with GameStop. It’s been a wild fucking ride and I’ll always think fondly on my time here. Just so everyone’s clear on what’s going on: starting tomorrow, I am taking a hiatus from the mod team with plans to return when this rocket launches cuz we’ll need all hands on deck. I’ll be holding all of my shares tight until we are way beyond the moon and if my finances allow, I’ll buy more. I literally can’t fucking wait to come back and unleash my MOASS memes 😂 + +[A teaser of my MOASS memes \<3](https://reddit.com/link/rswkdb/video/iwo5jxsx7w881/player) + +When I became a moderator, I put every part of myself into it. I live an extremely purposeful life and I try my best to make positive change wherever I am. Because of how important our plight is to me, I gave quite nearly everything I could to help this community. All my waking energy was spent doing something for GameStop and it simply isn’t sustainable for my mental, spiritual, or financial health. + +[F in chat](https://preview.redd.it/cawri2c08w881.jpg?width=1223&format=pjpg&auto=webp&s=c84812e01c4f29143683fdf194f3fe22602f7038) + +Just to give you an idea of the shit I went through: I moved to NYC on July 1 this summer and like two weeks later was the mod drama that compelled me to become a mod. I was trying to get a lease signed, roommates added, job searching, and learning a completely new job ON TOP OF TRYING TO KEEP THE SUBREDDIT FROM IMPLODING…it was extremely fucking stressful… + +https://preview.redd.it/d9vna5z18w881.jpg?width=1032&format=pjpg&auto=webp&s=1a069fca286cc4e77359761cd7fb49030176a484 + +So that’s the main reason I decided to keep my self-imposed term limit. I’m gonna be taking a hiatus from stocks and social media in general. We’re doing a lot of good, but there’s also too much toxicity right now. People are anxious and worried. Many of us have put our literal life savings into this. And when I look at how we live against the backdrop of the whole world being on fucking fire, it’s overwhelming! It’s too much noise, too much bullshit, and I know I need to disconnect from it all for a bit. + +https://preview.redd.it/e3trtxf38w881.jpg?width=1920&format=pjpg&auto=webp&s=fc02d265f4b6c7d13428d837a62756fe17d7173f + +But yea, I’m gonna focus my attention on finding a way to make art for a living. I constantly feel like I’m a series of daily explosions happening inside a human body and that energy almost always manifests itself into making art. It feels like such a goddamn shame I haven’t found a way to channel that into any sort of income. So I’m taking a leap and investing in myself. + +https://preview.redd.it/cottsfk58w881.jpg?width=562&format=pjpg&auto=webp&s=fcd755247667d90716ab0131481343e6726754a0 + +I’m gonna build a shop to sell my art over these next couple months. I’ll start with selling physical prints of my photography and I hope shortly after, the NFT marketplace will open and I can sell my art there as well. I also have some painting and writing goals for the next year which will be fun! *(You can check out a script I wrote for It's Always Sunny in Philadelphia on my profile’s pinned posts* 😉\*)\* I can feel that 2022 is gonna be amazing… + +Yes, I hear you pitchfork wielding LARPers crying on the other end of the screen: “OHMERGERD HE’Z GOT A SHOP! HE’S SELLING OUT! SELF PROMOTION SHILL! REEEEEEEE!!!!!” + +[Is this dude a fucking brontosaurus? lmayo](https://preview.redd.it/y86or2378w881.jpg?width=598&format=pjpg&auto=webp&s=214025d03a474d9ef46c2ce46008ba7e66a958da) + +I just want to make art. And I’m so tired of working for people who don’t pay me a fair wage. And MOASS isn’t here so I gotta find a way to channel this energy into something healthy. I’ll only plug this once to avoid the shills screaming (see above meme) so if you are interested in supporting my endeavors as an artist then please follow my Reddit and Twitter profiles. More info will be on there when I have things set up. + +I feel really fortunate that you guys have welcomed me into your homes this past year. I got so many messages from you guys telling me that your families, significant others, children, etc. know about my shenanigans as ButtFarm69 😂 Wouldn’t it be cool to welcome one of my art pieces into your home too? 😉 + +[I would love my art to be displayed in your home](https://preview.redd.it/w44nzed98w881.jpg?width=1200&format=pjpg&auto=webp&s=ad84e31c761949979ad0848b6a7f2cc08d94df1e) + +[https://www.reddit.com/r/gamestopofficial/comments/rri7yz/this\_photo\_will\_be\_one\_of\_the\_first\_things\_i\_mint/](https://www.reddit.com/r/gamestopofficial/comments/rri7yz/this_photo_will_be_one_of_the_first_things_i_mint/) + +https://preview.redd.it/ntfz4qsb8w881.jpg?width=5700&format=pjpg&auto=webp&s=ca987ffc77d549cdaa49933d719c6e057363ddd1 + +I hope my actions over this past year have proven that I am a true Ape who will support this community through thick and thin. I love you guys and I believe we are on the cusp of one of the biggest historical advancements in history. But I’m fucking burned out and I hope you guys understand why I gotta do my own thing for a while. And yes, I’m fucking terrified that I’m gonna be my own boss. *“Wtf is an LLC?” “OMG taxes?!” “Wtf is a business expense?”* But I know I gotta do it. I gotta make my own path in this life. No rules. Just art. + +&#x200B; + +# Before I go though, I have some things I need to get off my chest... + +&#x200B; + +# "We are not a movement": + +Many of you will find this contentious…It **IS** a movement. What else would you call over a million people across the globe working together to uncover the secrets and corruption of the markets and bringing fairness and transparency to retail investors? + +https://preview.redd.it/gc0b32sj8w881.jpg?width=1005&format=pjpg&auto=webp&s=48cf9065ae031baea31e18660a3a472f771bd1a2 + +Some of you guys are hesitant to refer to the “movement” because not everyone agrees on what the “movement” is. I totally understand, no argument here! I think we can all agree on the *basics* though. **We want to be treated as equals. We the People deserve to have a system that works FOR us. The markets are a ponzi scheme leeching off the backs of the working class and it needs to stop!** We can agree on that, right? + +With that said, my PERSONAL vision of the “movement” is that when this shit pops off, those of us who win big owe it to society to give back. I know not everyone will participate and that’s totally cool. Some of you aren’t in it to change the world and make things better for everyone. We're all here to do whatever we want with our investments and we shouldn’t shame anyone, totally agree! + +However, I say this with the utmost sincerity in my soul, we could **really** use your help. There are a lot of people who have been left behind by the assholes who currently run the world. I hope you find the generosity in your heart to give back if you can. Again, you do whatever you wish with your earnings when this is over. But, my friend, if you change your mind, we’ll still be changing the world whenever you can join us. Apes Together Strong ✊🏼 + +https://preview.redd.it/zk75v3599w881.jpg?width=570&format=pjpg&auto=webp&s=fc0ae7773c23672bbb5322c597c2366cb742c74e + +&#x200B; + +# MSM: + +This brings me to another possibly unpopular opinion. I think ghosting the MSM is a waste of a valuable opportunity to get more retail investors on board. What are we scared of? That the MSM is gonna twist our words? They already do! And they watch our sub and post articles about it! At least if we troll them effectively we can look like badasses! + +Also think about it this way, how did you guys even hear about this investment opportunity in the first place? For many of us, including me, it was because of the news. I really think that the [SOCK (Superstonk Official Communications Kit) idea](https://www.reddit.com/r/Superstonk/comments/r8tyri/codename_sock_mod_team_was_approached_by_several/hqnp7lm/?context=3) has a lot of potential and you shouldn’t dismiss it just because you are scared of the MSM. + +I will admit, the mods and I totally fucked up that poll. It was lopsided towards “ghosting.” If you tally the final [results](https://www.reddit.com/r/Superstonk/comments/r9q8n3/official_poll_based_on_your_responses_from/), the majority of people WANTED a message, but “ghost” came out on top because the other options were segmented. Oops ¯\\\_(ツ)\_/¯ + +When we figured it out, it didn’t feel right to try to fix it because we were afraid it would look like “we didn’t like the answer so we changed the results.” I’m not sure how helpful this information is to you guys, but from the beginning, I’ve always just spoken my mind and I felt needed to be said. Do what you wish with this info. + +&#x200B; + +# Very GMErry Holiday: + +Speaking of my fuck ups, I regret that I bungled the VGH introduction by hyping it up days prior. And I gotta own that. Shills got their balls twisted and the fundraiser could’ve avoided all of that if I didn’t open my fucking mouth lol. It’s a tough pill to swallow but I gotta be honest to myself and everyone. We all make mistakes. And we gotta embrace our humanity within making them. + +With that said, holy shit, what an amazing success! [Over $100K raised for the kids, TFT, and GameStop!](https://www.reddit.com/r/Superstonk/comments/rnqcvy/over_100k_raised_for_the_kids_what_a_delight_the/) I am floored! This group didn’t exist a year ago, and look where we are now! Thank you so much to everyone who donated! + +Funny side note: My legit biggest fear was that the apes would find out some dirt on TFT and then bring the whole charity down and ruin Christmas for everyone 😂 But we didn’t do that! Yay! + +&#x200B; + +# DRS Bullies: + +I need to address some toxicity that’s been going on in the sub. There is a vocal minority in here that are ruining it for everyone and making us look like a fucking cult. To all of the people who are bullying and harassing people to DRS and saying stuff like: “you’re not a real ape if you aren’t 100% DRS”… lemme give you a fucking newsflash: + +**we are all individual investors making our own goddamn individual decisions after doing our own fucking due diligence and you can back the fuck up with telling me what to do with MY GODDAMN FUCKING SHARES, OK, CHIEF?** + +https://preview.redd.it/k63esgnb9w881.jpg?width=1015&format=pjpg&auto=webp&s=e3540bdee20141b8afd5f47f74c48ff2a44f2d96 + +For the record, I’m pro-DRS, sitting at 69% DRS’d (nice!) and I plan on keeping all of those shares in my own personal infinity pool. I feel strongly that I should have the majority of my shares in my own name, but I also feel strongly that I shouldn’t be telling you what the fuck to do with yours. So to everyone who is doing the exact opposite of that, **fuck off**. Let people come to their own conclusions without you shoving yours down their throats. With that said, here are some pro-DRS memes. + +&#x200B; + +https://preview.redd.it/h0thsdnd9w881.jpg?width=1908&format=pjpg&auto=webp&s=fae14e342892039bda013cb07bda528ffde50ebf + +[Did I just metamemeception you?](https://reddit.com/link/rswkdb/video/u86hgdl09w881/player) + +&#x200B; + +## CHAIR MAN: + +I have an incredibly extensive catalog of original GME content I’ve made over this year. One of them in particular, Chair Man, could’ve been monetized and used for my own personal gain. I could’ve made bank over it. But I didn’t. Haven’t seen a fucking dime while I’ve been busting my ass at a minimum wage job that doesn’t even come around that often so my finances have been tight. We all know I could’ve made enough money to buy a house if I had tried. But I always wanted to stay away from monetizing Chair Man because this meme belongs to the community. + +With this NFT marketplace announcement though, I got so many messages from you guys saying you want to own an NFT of Chair Man. So I have some decisions I need to make once we find out more information about the marketplace…I’m not sure what’s gonna end up happening but I promise that I’ll try to make it the most agreeable decision based on what we all want for Chair Man. Please PLEASE give me some feedback on actions that you would absolutely NOT be cool with so I can make an informed decision! Thank you! + +&#x200B; + +# RAPID FIRE THOUGHTS: + +I have a bunch of thoughts that didn’t deserve their own paragraph. So I’m dumping them here: + +&#x200B; + +* **On January 28, 2022, I will be buying a share of GameStop to protest the corruption of the buy order restrictions that occurred a year earlier (if we are still below all-time-highs).** +* If anyone tells you I've sold, you can tell that shill to go fuck themselves for spreading misinformation. When I sell, you'll know, because I'm gonna fucking be ButtFarm69, billionaire. +* Not every opposing idea is FUD.Not everyone who disagrees is a shill. +* Really great comedy is the introspection of the intersection of dumb and smart. Telling a smart concept in layman's terms. + +https://preview.redd.it/2nw82ddm9w881.jpg?width=960&format=pjpg&auto=webp&s=dad468cc4e68348ffe8e93af59671dd0e9cd7112 + +* Remember that this is a place for discussion and the overwhelming majority of us are not financial advisors. Take everything you read here with a grain of salt. +* Yes, AMC Apes are Apes because they support transparency in the markets. But AMC stock is not in the same league as GME and anyone who supports AMC over GME is a misguided fool. +* **Holy Trinity of Butts** = ButtFarm69, Rick\_of\_Spades’ whole butt, & wetdirtkurt’s butthole +* Actions aren't spoken, they are shown. Stop waiting to make a difference. BE the difference. +* Someone should make and isthisthemoass.com and the answer is NO until GME becomes a phone #. +* The world doesn't need critics, it needs problem solvers. +* You guys are lucky you didn’t have to see some of the shit we saw (hey mods, you guys remember the **coat hanger ball twist** 😂?). I TELL YOU, WE SEEN’T IT!! I SWEAR WE SEEN’T IT! +* **How come no one sent me nudes, wtf?** (this is an experiment on the Streisand effect and I am definitely totally asking this for research and scientific purposes \*wink wink\* lol \*boner\*.) +* When you guys report shills to us, the best way for you to be helpful is by giving us links, a trail of evidence that clearly proves your accusation. Show us the breadcrumbs. We've gotta play detective for tons of posts and comments each day and those minutes spent researching per incident adds up to hours out of the day and this is on top of our daily work lives and household duties. Thank you for your help! +* I am in no way associated with **GMEdd.com** or their Twitter but boy, I gotta tell you, if you aren't following them then you are missing out. These dudes got top notch DD and they are FAST. +* **Superstonk T-Shirt idea:** get a [white t-shirt and a red marker](https://www.reddit.com/r/Superstonk/comments/mm0o4c/my_submission_for_the_banner_competition/) and write r/Superstonk using your non-dominant hand. BING BONG. Thank you u/zwakenberg! +* A lot of you guys gave me encouragement over this year and I just wanted to say thank you to everyone who sent me a DM. I know I didn’t get around to the majority of you and for that I truly do apologize. +* u/Criand, if anyone made you feel like shit for your portfolio then they can go fuck themselves. You are a true Ape and have been a huge part of this community. (sidebar, wtf is your gender lmao i had no idea this whole time) + +https://preview.redd.it/o1vqjrq8aw881.jpg?width=740&format=pjpg&auto=webp&s=eb52752a5f37f92f56ac1b7556d517a77e32f5a0 + +* Everyone can be the hero of their own story, but you have to act heroically. +* 741 is just a funny inside joke and meme. I don’t think anyone truly takes it seriously so all those “we’re going too deep into conspiracies” shit is just people not getting the joke. Chill out, bro. +* The mods have their hearts in the right places. I trust them and I know they are well intentioned. Many of you need to be more forgiving. They are undoubtedly the greatest team I've ever had the pleasure of working with because everyone is open minded and respectful of dissenting perspectives. It's quite beautiful 😍 +* There will come a time when I must dox myself to you because what I have to say will be too important to hide behind anonymity. The body is a tool of expression and at some point, my message will need to be heard from my voice and seen on my face and shown by my hands. I just wanted to warn you now that I’ve thought extensively about my own anonymity and I know this is the eventual path for me. +* **WHALE TEETH FOR MOASS. LLAMA LLEGS FOR MOASS.** + +&#x200B; + +# CLOSING THOUGHTS + +https://preview.redd.it/wdhwtbmgaw881.jpg?width=672&format=pjpg&auto=webp&s=e613f4af005fc02fc0a5e9aaf75f7ef4431848ca + +It was weird finding my place in all of this because I can’t see you, can’t hear you laughing, and can’t tell how you’re reacting to my post. Most of our audience has been the lurkers. So it’s hard to tell how people feel sometimes. But it also felt like a fun experiment in learning a new way to communicate. Especially with memes, I legit felt like Banksy sometimes 😂 + +https://preview.redd.it/xmeb2qthaw881.jpg?width=861&format=pjpg&auto=webp&s=3366e77770459582c379266e988fff5743f7379f + +All of you are behind a screen and faceless. I see no race and I can make no judgments. You’re just a username. And in a way, that’s kinda beautiful. It means the only thing we can judge you on are your usernames and your actions. The stereotypes and the biases we feel when we see someone in person are gone. Whoosh! Equal playing field. Everyone gets to prove themselves on merit! What a concept! + +For the first time I feel hope. I’m Asian American and when I look on tv, I see people who look like me. Across the board, we’ve seen more representation of everyone. With the imminent adoption of web 3.0, I can’t tell you how excited I am to be right at the forefront of this emerging technology with you all! + +# Power to the Players! Power to the Creators! Power to the Collectors! Let’s finally get our fair cut of our work! + +https://preview.redd.it/07iumczxaw881.jpg?width=500&format=pjpg&auto=webp&s=79b6c55f3d23f16ed9376836c24c48f49d55d3ad + +Over this year, I’ve had the pleasure of becoming close friends to many of you degenerate Apes. Even though I don’t know what you look like IRL, I know that I’ve made a true friend. And a lot of you guys are really kind hearted people and I love you and thank you for your support throughout all of this past year. To this entire community, thank you for letting me be me <3 + +I’m not gonna lie, this identity of mine, ButtFarm69, felt like a secret superhero alter ego. People who pass by me on the street have no idea about BF69. But then behind a computer, I was trolling billionaires with memes and getting tweeted by other ones. I've always wanted to be a superhero and you guys gave me the chance to be one for a short time. I got to be myself and celebrated for that and I will never forget the way that made me feel. I'm the luckiest guy on earth! + +https://preview.redd.it/p88hnua0bw881.jpg?width=600&format=pjpg&auto=webp&s=c68c2d38b598307ccff4efefc9baabf845fc01e8 + +I’m so fucking ready to start this next chapter of history with you guys. Everyone feels that something is terribly off in society. It’s pretty fucked up no matter where you look. But I have a core belief running through my veins and I believe we still have time to save the world from utter destruction. If we work together, we can still fix things before it’s too late. But we’ve gotta start now. And as long as I can still fight, you can bet your ass I’ll be on the front lines doing what I can. + +# Unless someone like you cares a whole awful lot, nothing is going to get better. It's not. – Dr. Seuss + +https://reddit.com/link/rswkdb/video/op4bi5a1bw881/player + +# So let’s change the world together! From the bottom of my heart, thank you for all of the joy, laughter, and memories you've shared with me <3 💗🧡💛💚💙💜😍🥰 + +# I’ll see you soon on the moon, my friends 🚀🌙 Cheers to an incredible 2021 and an even better 2022 🍻 + +# --XOXO, ButtFarm69 🦍💎✋🚀🌕🐳🚽🦙🐸🍦 + +&#x200B; + +## —-------------------------------------------------------------------- + +# FOOTNOTES and RESOURCES: + +Here are some random links you might enjoy, including my greatest hits and some archival stuff I’ve kept from this journey. + +# Greatest Hits: + +Yea, bitch. I got a whole goddamn catalog of funny GME shit. This is the list of my favorites, in chronological order: + +1. [We're either gonna be rich or the village idiot ¯\\\_(ツ)\_/¯ : r/GME](https://www.reddit.com/r/GME/comments/lz4ndc/were_either_gonna_be_rich_or_the_village_idiot_%E3%83%84/) My first banger +2. [They thought GME would go bankrupt, but oh how the turntables...](https://www.reddit.com/r/GME/comments/mc7so0/they_thought_gme_would_go_bankrupt_but_oh_how_the/) +3. [I accidentally created the first WHALE TEETH meme 😂 ](https://www.reddit.com/r/GME/comments/mfqnek/has_anyone_ever_gone_whale_watching_like_this/) +4. [The shitpost I made as everyone migrated to Superstonk from r/GME](https://www.reddit.com/r/GME/comments/mk9s2a/with_subreddit_sinking_like_the_titanic_i_just/) +5. [Everyone please welcome Chairman Cohen](https://www.reddit.com/r/Superstonk/comments/mmr1de/everyone_please_welcome_chairman_cohen/) history +6. [My highest upvoted meme](https://www.reddit.com/r/wallstreetbets/comments/mnksbw/we_have_become_fearless/) +7. [I hope y'all are buckled up and packed some snacks for the ride](https://www.reddit.com/r/Superstonk/comments/mr455a/i_hope_yall_are_buckled_up_and_packed_some_snacks/) +8. [My meme in response to DFV pulling the double double down on Apr 16](https://www.reddit.com/r/wallstreetbets/comments/msbo8d/how_dfvs_balls_felt_when_he_exercised_and_bought/) lmfao +9. [my first voice acting meme](https://www.reddit.com/r/Superstonk/comments/n1a8pi/this_is_what_the_hedgies_are_up_against/) so underappreciated lmfao +10. [right now we are looking at the ultra rare TITS JACKED formation on the TA charts](https://www.reddit.com/r/Superstonk/comments/n5mfyf/right_now_we_are_looking_at_the_ultra_rare_tits/) +11. [My "Moon Man" Shitpost](https://www.reddit.com/r/Superstonk/comments/naeh2m/i_buttfarm69_have_figured_out_the_hidden_meaning/)Easily one of my best and most important works lmfao +12. [Not my post, but I really love this comment chain lmayo](https://www.reddit.com/user/ButtFarm69/comments/nh8dev/this_is_one_of_my_favorite_comment_trees_on/) +13. [Some of you are gonna get triggered lmao : r/Superstonk](https://www.reddit.com/r/Superstonk/comments/ni17z8/some_of_you_are_gonna_get_triggered_lmao/) +14. [GROUNDBREAKING DISCOVERY: Have I, ButtFarm69, blown the lid on Kenny's deepest, darkest secrets?! It's worse than you thought (please hold me, I'm scared)](https://www.reddit.com/r/Superstonk/comments/nllceu/groundbreaking_discovery_have_i_buttfarm69_blown/)Another one of my best works +15. [holy shit what if the ass banana was the final catalyst?](https://www.reddit.com/r/Superstonk/comments/nmg61d/holy_shit_what_if_the_ass_banana_was_the_final/) +16. [New DFV tweet just shouted me out and I am FLOATING on CLOUDS 😭 THANK YOU KEITH](https://www.reddit.com/r/Superstonk/comments/nrgd90/new_dfv_tweet_just_shouted_me_out_and_i_am/)When Chair Man appeared in that RoaringKitty tweet lol +17. [My DD friends came up with this idea and I think it's so dumb it just might work!](https://www.reddit.com/r/Superstonk/comments/nrin20/my_dd_friends_came_up_with_this_idea_and_i_think/) +18. [this one's for you, u/buttfarm69](https://www.reddit.com/r/Superstonk/comments/nrm4z1/this_ones_for_you_ubuttfarm69/) not mine, but you need to see this 😂 +19. [Keith Gill is currently Earth's Best Shitposter. Change my mind.](https://www.reddit.com/r/Superstonk/comments/o50swr/keith_gill_is_currently_earths_best_shitposter/) +20. [This whole thing could've been a TL;DR...smh](https://www.reddit.com/r/Superstonk/comments/o6jmp5/this_whole_thing_couldve_been_a_tldrsmh/) +21. [My name is ButtFarm69 and this is probably the dumbest meme I've ever made. Happy America Day to everyone celebrating this weekend! Remember to stay hydrated 😏](https://www.reddit.com/r/Superstonk/comments/ocdhkg/my_name_is_buttfarm69_and_this_is_probably_the/) +22. [The market's about to open and Superstonk stands tall. I didn't hear no bell.](https://www.reddit.com/r/Superstonk/comments/ondlip/the_markets_about_to_open_and_superstonk_stands/) +23. [My contribution to Whale Teeth for MOASS](https://www.reddit.com/r/Superstonk/comments/p3n26r/its_friday_the_13th_you_know_what_that_memes/) +24. [\*DEEP INHALE\*](https://www.reddit.com/r/Superstonk/comments/potjqo/deep_inhale/) +25. [Is that your final answer?](https://www.reddit.com/r/Superstonk/comments/ppct5r/is_that_your_final_answer/) +26. [Just when Kenny thought it couldn't get worse...ButtFarm69 drops a diss track -- DIAMOND TOUGH](https://www.youtube.com/watch?v=wco52YGEerk) I’m really proud of this one +27. [I wrote an It’s Always Sunny in Philadelphia script entitled "THE GANG CATCHES COVID"](https://www.reddit.com/r/IASIP/comments/qfjgop/i_wrote_an_iasip_script_entitled_the_gang_catches/) +28. [BodySurfDan Feat. ButtFarm69 -- Co Op Mode](https://www.youtube.com/watch?v=CX2u_fidFUo) +29. [My literal titties](https://www.reddit.com/r/DiamondTittiesLite/comments/qlvt12/knock_knock_ive_got_a_delivery/) +30. [i heard you like dank memes](https://www.reddit.com/r/Superstonk/comments/qwt20k/i_heard_you_like_dank_memes/) +31. [696969 MEMBERS ON SUPERSTONK](https://www.reddit.com/r/Superstonk/comments/r4oemo/696969_members_on_superstonk/) +32. [THE SALE WON'T LAST FOREVER!](https://www.reddit.com/r/Superstonk/comments/rgft4k/the_sale_wont_last_forever/) (Marketwatch Incident #2) +33. [The Origin of "Ape" (A Historical DD) : r/GME\_OotL](https://www.reddit.com/r/GME_OotL/comments/r7d5wd/the_origin_of_ape_a_historical_dd/) +34. [BodySurfDan & ButtFarm69 -- Lmayo Catastrophe](https://www.reddit.com/r/Superstonk/comments/rkqe9f/bodysurfdan_and_buttfarm69_dropping_the_last_rap/) (this one is fucking great lmfao) +35. [No matter what today, tomorrow, or the next day has in store for us, I'm forever glad I found this community of internet misfits. I love you all, to the moon and back 🥰😍](https://www.reddit.com/r/Superstonk/comments/rgakh0/no_matter_what_today_tomorrow_or_the_next_day_has/) +36. Here’s a video of me playing Catan with my friends lol: [https://youtu.be/uXiLqJtzkE0](https://youtu.be/uXiLqJtzkE0) + +## Archival Area + +[ButtFarm69's Memecubator: a dump of some GME ideas and thoughts that never came to life...](https://www.reddit.com/user/ButtFarm69/comments/rb8243/buttfarm69s_memecubator_a_dump_of_some_gme_ideas/) + +[My GME Out of the Loop subreddit](https://www.reddit.com/r/GME_OotL/) \- meta-sub to keep a cultural timeline of stuff happening with GME communities (inside-jokes and hot topics) + +**The MOASS Museum** + +(list of awesome memes and posts from the community that I collected up until July when I got too busy lol, these links take a while to load cuz the files are huge btw) + +* [Part 1](https://pdfhost.io/v/XQ6lmPC4Q_The_MOASS_Museum_Part_1) +* [Part 2](https://pdfhost.io/v/.0YGOppCY_The_MOASS_Museum_Part_2) +* [Part 3](https://pdfhost.io/v/dImaH0DQ8_The_MOASS_Museum_Part_3) + +**BF69 Meme Archive** + +(archive of all the memes that I created for the community. Most of them got deleted because they died in new or I decided not to post it) + +* [Static Memes (Jan thru May 2021)](https://imgur.com/a/AMHgwii) +* [Static Memes (Jun thru Dec 2021)](https://imgur.com/a/3CERKoV) still need to update this one +* [Videos/GIFs (Jan thru May 2021)](https://imgur.com/a/7yTV5wS) +* [Videos/GIFs (Jun thru Dec 2021)](https://imgur.com/a/aKJGPq4) still need to update this one +So just a warning: unpopular opinion of the day (but it's just that, an opinion)... I don't think that getting married in today's world is worth it, with the huge rise in the average costs of weddings (apparently £30k+) and ever increasing divorce rates (apparently 42%). I don't see how being married changes your life enough to warrant this amount of financial burden, particularly for young couples today who are struggling to save to buy a home. I understand why past generations did this, as sex before marriage and living together before marriage were culturally inappropriate, but (unless you're religious) that's not the world we live in today. When you wake up the day after getting married, what in your life has really changed, apart from a massive bill to pay and a significant risk of losing a lot of your assets if you ever break up. + +&#x200B; + +So two key points here: + +**1) The cost of the wedding** + +Spending £30,000 on one day seems absurd. Even if you went cheaper and spent half or even a third of that, even £10,000 on essentially a party that's over in a day just doesn't seem worth it. + +I know of quite a few couples who have put all of their savings (that have taken them years to build) into their wedding and then had to continue to rent/live with parents for many years whilst building back up their savings to buy a house. And with property prices increasing dramatically, the actual cost of delaying getting on the ladder because of a wedding can be more than the cost of the wedding itself! + +&#x200B; + +**2) The risk/cost of divorce** + +As Bill Burr says, if you were jumping out of a plane and the guy handing you the parachute said "there's a 42% chance this parachute won't open" would you still jump? + +I've been with my partner for over 10 years, we own our home, have a healthy household income, and we plan to stay together for as long as possible. But we're also realistic in the knowledge that life is long and situations and people can change and this may not always be the way, despite how strongly we feel now. We'd hate to think that if we ever broke up that we'd have to hand over a lot of our money to divorce lawyers and make a painful situation even worse. And for me personally (as I have a lot more assets than she does) I'm worried about losing half of my assets if we ever broke up - in fact, she could meet someone else, leave me, break my heart, and take half of my assets. Why would I (or anyone) agree to this? + +&#x200B; + +So, am I missing something? Why do so many people in today's world still choose to take on this massive financial burden? Are there significant financial (or other) benefits of getting married that I'm not considering? + +I really don't mean to sound negative, and again this is just one guy's opinion. I'm eager to hear others' views and am staying open minded! In fact, given the societal pressures to get married, I'd love to be convinced to do so! +I wanted to share my experience of the 2008 bailouts because we are among friends. Right? And friends help each others, and share their experiences. Right? + + +During the financial crisis of 2008, it became clear that the government had to step in. People were losing their jobs, stock market dropped by more than 30%, the market was going up and down by 5-10% a day (the amount my brokerage accounts would go up or down was more than what I was earning in a month at work). It was humbling. + + +It was really tough and difficult to trade. Buy on the down days? Sell on the up days? Hold it until sky clears, despite having bled a lot of money already? I was over leveraged too (through LEAP options), which was not the smartest thing to do at the time, but heh, are you going to lock the loss? + + +Then came the bailout, with a lot of volatility leading to it. A lot of back and forth for days for politicians to get a chance to pass it. (They may have failed to pass the first version even, I don't remember). + + +Finally, one of the branch passes it, and it's time for the other branch to pass it. "About time, after the bailout, things are going to get better, we can save those companies, we can move ahead and blue sky is coming." + + +I remember at the time, I was looking at the final votes, and I could not believe it. As the votes would come in, and it became clear that the bailout would pass, S&P futures started to drop, like a stone. WTF!!! Help is coming, everything will get better, why is it dropping? + + +Well, the reason is simple, by signing the bailout, politicians agreed that we were in a shitty situation, companies needed to be saved, and the lousy bailout was getting signed, and there was no more good news down the line for a while. We shot our ammos, and now let's pray. So it became sell the news. + + +As the market continued dropping days after days, and I was going to be wiped out, I had to sell to not be over leveraged anymore. I had to take a 6 figures loss. And I am fortunate that I sold, because the market continued to significantly tank for almost 6 more months to level I did not think we would reach. After selling, I was not taking as much risk anymore, I got burned hard. + + +After we reached the bottom, I switched my positions to risky assets, and I was able to make up some of the losses. But that was a great learning experience, and I figured that I preferred to learn that lesson at the time, when my accounts were not too big than later. Recovering from a 6 figures loss is doable, but more than that, and it is a decade or more of setback. + + +Well, I can say that almost 12 years later (fuck, already!), the situation is very similar. +This time, I was ready, and maybe that will be another post to explain what I did in 2019-2020, as it can be easily applied. + + +So today: + +- People were losing their jobs. Check. + +- Stock market dropped by more than 30%. Check. + +- The market was going up and down by 5-10% a day. Check. + +- Bailout in the process, taking days to agree on. Check. + + +I am not saying that the market is going to drop after the bailout is voted, but watch out for that. +Unlike 2008, there is no blue sky coming. The bailout is only a short term fix. How long do you think $1200 per person is going to last? + + +Unlike 2008, we know that the worst is ahead of us. We still don't know. In the US, the coronavirus pandemic is expected to peak in at least 2-3 weeks. But who knows? +As we are doubling every 2-3 days, it could mean 100 times more new cases per day. 100 times more death per day (few weeks later the infection). It's absolutely a staggering and awful number. +Hopefully, lockdown will be enforced in every state, so we can reduce this grow rate. +Hospitals are already over capacity, nobody can tell exactly how this is going to end (except that's going to be a carnage). +Esp. as some are talking about removing the lockdown in 2 weeks! +And even after the peak, it means that people are still getting sick, people are still dying, as they are hospitalized for 2-4 weeks. +Expect at least 1-2 months of pain, even after peak. + + +I understand that the market is forward looking, but there are still many opportunities for false head starts, and failed bounces from the bottom. + + +From my experience with the 2008 bailout, nobody could really predict the bottom. Even as it was a financial crisis. +This time, it is not looking pretty, so please don't be like the 2008-me, don't be over-leveraged (yet), things can go either way. Politicians are very good at messing up a crisis. + + +And most of all, be safe and healthy, stay home as much as you can. It is going to be a rough ride, and unfortunately we are only getting started. +My sincere thoughts for people with friends and families that are going through hardship, sickness and death. +Hang in there! + +Edit: Thank you for the feedback, comments and kind words. Much appreciated. Stay safe! +COMMENT 1 IF HOLDING! +THE LONGER WE HOLD THE HIGHER THE PRICE!!PRICE TARGET: $300! + +UPDATE FEB 2st, 2021: ROBINHOOD & OTHER BROKERS ARE STILL RESTRICTING RETAIL VESTORS OF LIMIT BUYING SHARES! + +THEY ARE MAKING YOU PANIC TO SELL! THE ONLY PEOPLE BUYING THE SHARES ARE HEDGEFUNDS! + +AMC has over 320,000 options expiring today. Read that again! Hold, out of 57 million shares about 45 are being shorted. Thats a lot of covering needed. This will explote people. Like this so that we can get it to the top. +You think GME is too risky and have FOMO? + + +Sell 5-20 DTE Cash secured puts with a 10% return on your investment. + +E.g. sell 02/12 Puts $30 Strike for 3.10 option premium + +If you get assigned you own GME 100 shares at a price of $26.90. And if it doesnt go south of $30, you made 310$ on $2690 necessary funds. Thats 11.5% + + +Guys I don't need rockets. And I'm not risking my entire account on this. Its a small gain compared what you make owning the stock currently. Do what you want, just saying 🤷‍♂️ +Back in 2015, I had 600 Thai Baht foreign currency after an overseas holiday. 600 Baht was around $23 back then, however my bank charged $10 minimum to convert currency, so converting back to AUD didn't seem worth it. + +What else to do with it? Anyone I gave it to, would also have to pay to convert it. Hmm, tricky. + +I do love Thai food, so when ordering my chicken cashew nut with rice at my local Thai takeaway, I had the idea to give them the 600 Baht as a tip. Next time I went to that restaurant, the lady taking orders said to me, "Oh my goodness, did you tip us 600 Baht last week? Yes, it was me, I admitted. "That was so appreciated, we've never had a 600 Baht tip before. Let me give you the rice for free". She insisted. + +End result, I got free rice (worth $3), every week, for 18 months, until that lady left that job. + +That wasn't my intention, but a nice side benefit. + +So guys, my tip is, think laterally! +The greys are taking over. Please reconsider flipping homes and making them all grey and white/adding barm doors. To me, it's an over-used look and causes loss of characteristics in the home. Can we try something different? + +Edit: spelling + +Edit 2: thanks for the awards. As soon as I see a potential flip that's been treated like this, I pretty much move on. Good luck everyone! +What websites or tools do you guys use to screen based on criteria like this? In this example, to identify "deep value" potential turnaround type opportunities. +I went from 250k to 45k in 5 months. I’m a permabull and went from using 20% margin to now using almost 100% with margin calls on some days. + +The short puts on QQQ are no longer able to be rolled down, only out and hope for a rebound and occasionally subsidized by short calls. The short puts on growth stocks like ARKK and NVDA are dead beyond redemption. + +I will be liquidating my assets around noon today. My final play is to take the 45k cash and buy 10 ATM QQQ leaps Jan 2014 Calls. Then selling otm calls calls against it turning into a pmcc. Taking the premiums of the calls to buy SOXL or TQQQ shares. Won’t sell calls against those unless huge rebound and my PMCC passes my short strikes. + +If market dives another 20% then maybe it’s the higher power telling me I’m retarded. + +This is my final play. Time to go back to find a job. +If you haven’t been browsing WSB or doing your own research, you’d probably think that the people on Twitter are correct in saying there is a silver squeeze happening and we should all get in on it. There are quite a few wsb-logo Twitter accounts pushing this. This is BS & the straight up the ANTITHESIS of who we are. + +By buying silver/going long on silver, you would be directly putting money into the pockets of the EXACT HEDGE FUNDS ON THE OTHER SIDE OF $GME 🚀 🚀 🚀 💎 🙌 The hedge funds are LONG silver NOT short silver. + +The media, Wall Street, normies, and every other non-WSB autist are trying to push you to buy silver. This would be a tragic, irreversible decision that not only will most likely not make you any money because the squeeze is fake, it will put you on the sidelines from this righteous and glorious war we are in. + +If you are looking for alternative investments to GME, I’d recommend simply getting in on the $BANG GANG- Blackberry, AMC, Nokia, and GME. + +For the feds and the media and all the dumb people reading this, I am the last thing from a financial advisor and am a complete, 100%, full retard autist. + +BANG GANG CHEEEEEEEHOOOOOOOOO + +Edit: I am not talking down on silver as an investment, I am not saying it's not a good hedge, I'm not saying anything bad about silver in any form. I'm simply pointing out that right now, this "squeeze" that all these people are referring to is definitely not a "squeeze" at all and is an artificial hedge-fund driven attempt to reduce the GME momentum and we should all be cognizant of the media manipulation and happening everywhere including right here. For all you that want to buy silver, great, buying the bullion directly in my humble autistic opinion is better than shares in a fund that supposedly buys it but don't trust some autist on the internet. BANG GANG + +Edit #2: Fellow autists, we have ascended to the #2 post on all of reddit. Our $GME gains this week and beyond will carry us to the gates of Valhalla. Look to your left, now look to your right, these are your brethren and sisterthren who will diamond hands with you until we all pass down these tendies to our children's children. Onward. +Am I the only one who thinks that as the recession gets worse, and people start getting laid off, etc, that a lot of these Airbnb investment properties are going to get slaughtered? + +Send to me the vacations are one of the first cut backs when things get tight. +What's up fellas at Theta Gang. I made a tool called [FD Ranker](https://www.swaggystocks.com/dashboard/stocklabs/fd-ranker) that logs the average IV of some popular stocks. The tool is inclusive of almost 1,000 tickers now. + +**What is this tool good for** + +I often use the theta gang wheel strategy by selling cash secured puts close to at-the-money and I like to see where I can get some bang for my buck. A quick scan of the list will tell me what IV is looking like for certain stocks and when earnings is coming up and whether or not I want to do a weekly theta YOLO for earnings. You can sort by IV, stock price, or Earnings and filter by ticker. + +Here's some of the top tickers from this weekend. Instead of making a full list of tickers ranked by IV, I'll share some of the more common tickers mentioned. + +# High IV Tickers List + +\*Some of the market cap data is off, so always double check before entering any plays! + +|Ticker|Market Cap|Stock Price|IV (%)| +|:-|:-|:-|:-| +|RIOT - Riot Blockchain...|3.32B|$48.05|247%| +|CCIV - Churchill Capit...|8.25B|$37.89|245%| +|MARA - Marathon Patent...|2.45B|$38.40|232%| +|TLRY - Tilray Inc - Cl...|3.88B|$29.68|229%| +|GME - Gamestop Corpor...|3.65B|$51.41|209%| +|APHA - Aphria Inc|5.38B|$17.01|182%| +|SRNE - Sorrento Therap...|3.79B|$14.43|179%| +|AMC - AMC Entertainme...|1.6B|$5.56|179%| +|SOLO - Electrameccanic...|647M|$7.88|172%| +|NNDM - Nano Dimension ...|155M|$15.57|164%| +|HYLN - Hyliion Holding...|2.91B|$19.05|163%| +|QS - QuantumScape Co...|11.3B|$53.87|162%| +|FUBO - fuboTV Inc|3.15B|$45.90|161%| +|DGLY - Digital Ally In...|95.1M|$2.56|160%| +|LAZR - Luminar Technol...|8.25B|$37.37|152%| +|SPCE - Virgin Galactic...|12.8B|$54.18|148%| +|ACB - Aurora Cannabis...|2.46B|$12.40|143%| +|FCEL - Fuelcell Energy...|8.45B|$25.79|141%| +|CRON - Cronos Group In...|4.41B|$12.23|138%| +|SBE - Switchback Ener...|1.19B|$38.03|135%| +|PLTR - Palantir Techno...|46.8B|$31.61|132%| +|BLNK - Blink Charging ...|1.85B|$50.77|132%| +|PSTH - Pershing Square...|6.05B|$30.16|132%| +|WKHS - Workhorse Group...|4.35B|$36.08|129%| +|ARCT - Arcturus Therap...|1.8B|$72.72|128%| +|RIG - Transocean Ltd|2.17B|$3.54|128%| +|JMIA - Jumia Technolog...|5.55B|$61.40|124%| +|CODX - Co-Diagnostics ...|480M|$16.87|124%| +|OSTK - Overstock.com I...|4.57B|$105.94|122%| +|APXT - Apex Technology...|546M|$15.13|118%| +|NKLA - Nikola Corporat...|8.39B|$21.78|115%| +|CGC - Canopy Growth C...|15.1B|$40.33|111%| +|BB - BlackBerry Ltd|7.35B|$12.88|111%| +|AI - C3.ai Inc - Cla...|0|$152.64|111%| +|CRSR - Corsair Gaming ...|3.96B|$42.70|105%| +|LL - Lumber Liquidat...|817M|$28.38|104%| +|LMND - Lemonade Inc|9.28B|$164.25|103%| +|SFIX - Stitch Fix Inc ...|5.34B|$84.26|102%| +|XPEV - XPeng Inc - ADR...|22.8B|$46.67|102%| +|GRWG - GrowGeneration ...|2.1B|$56.77|100%| +|UPWK - Upwork Inc|6.93B|$56.65|98%| +|NIO - NIO Inc - ADR|93.4B|$59.72|96%| +|BBBY - Bed, Bath & Bey...|3.41B|$28.25|93%| +|DASH - DoorDash Inc - ...|0|$205.09|93%| +|PLUG - Plug Power Inc|29.6B|$62.72|93%| +|HUYA - HUYA Inc - ADR|8.01B|$33.92|92%| +|GSX - Gsx Techedu Inc...|15.2B|$103.48|91%| +|FSLY - Fastly Inc - Cl...|10.4B|$100.45|91%| +|APPS - Digital Turbine...|7.66B|$85.39|91%| +|PRPL - Purple Innovati...|2.4B|$39.52|90%| +|IQ - iQIYI Inc - ADR...|19.3B|$26.32|90%| +|RKT - Rocket Companie...|2.38B|$20.55|89%| +|CRSP - CRISPR Therapeu...|11.4B|$158.73|88%| +|ABNB - Airbnb Inc - Cl...|128B|$211.23|88%| +|BYND - Beyond Meat Inc...|11B|$175.39|87%| +|CNK - Cinemark Holdin...|2.43B|$20.45|84%| +|FVRR - Fiverr Internat...|10.4B|$322.13|83%| +|SEDG - Solaredge Techn...|16.9B|$328.14|82%| +|CCL - Carnival Corp. ...|22.7B|$20.46|82%| +|SNOW - Snowflake Inc -...|85.2B|$296.54|81%| +|W - Wayfair Inc - C...|21.3B|$291.09|79%| +|HOME - At Home Group I...|1.6B|$24.55|79%| +|COTY - Coty Inc - Clas...|5.2B|$6.75|78%| +|DBX - Dropbox Inc - C...|7.75B|$24.29|77%| +|M - Macy\`s Inc|4.62B|$14.79|77%| +|CLDR - Cloudera Inc|5.94B|$18.89|76%| +|ROKU - Roku Inc - Clas...|59.5B|$465.61|76%| +|BIDU - Baidu Inc - ADR...|109B|$312.70|76%| +|NOK - Nokia Corp - AD...|2.75B|$4.18|76%| +|CVNA - Carvana Co. - C...|13.9B|$295.99|76%| +|MRNA - Moderna Inc|72.7B|$182.92|75%| +|PENN - Penn National G...|18.5B|$118.15|73%| +|ZM - Zoom Video Comm...|124B|$431.44|73%| +|NCLH - Norwegian Cruis...|5.06B|$23.41|73%| +|ENPH - Enphase Energy ...|26.1B|$204.07|73%| +|DKNG - DraftKings Inc ...|23.9B|$60.84|72%| +|X - United States S...|3.63B|$16.45|71%| +|OXY - Occidental Petr...|23.6B|$25.34|71%| +|FROG - JFrog Ltd|6.01B|$66.25|70%| +|TTD - Trade Desk Inc ...|36.2B|$860.95|70%| +|U - Unity Software ...|34.1B|$124.94|70%| +|GPS - Gap, Inc.|8.63B|$23.00|70%| +|SAVE - Spirit Airlines...|2.98B|$30.38|70%| +|FEYE - FireEye Inc|4.89B|$21.32|69%| +|ETSY - Etsy Inc|29.5B|$232.16|68%| +|SHAK - Shake Shack Inc...|4.94B|$128.13|66%| +|SE - Sea Ltd - ADR|121B|$275.02|65%| +|NET - Cloudflare Inc ...|26.4B|$84.67|65%| +|AAL - American Airlin...|10.4B|$17.27|65%| +|CZR - Caesars Enterta...|13.5B|$79.88|64%| +|PTON - Peloton Interac...|40.8B|$154.01|63%| +|ZS - Zscaler Inc|30.4B|$225.05|63%| +|LB - L Brands Inc|13.1B|$47.53|62%| +|TDOC - Teladoc Health ...|42.6B|$293.21|62%| +|ESTC - Elastic N.V|14.6B|$165.90|62%| +|CHWY - Chewy Inc - Cla...|47.3B|$117.62|62%| +|RCL - Royal Caribbean...|15.2B|$67.46|62%| +|CRWD - Crowdstrike Hol...|45.6B|$240.14|61%| +|SQ - Square Inc - Cl...|116B|$271.92|61%| +|SMAR - Smartsheet Inc ...|10.3B|$84.22|60%| +|CREE - Cree, Inc.|13.7B|$122.75|60%| +|PINS - Pinterest Inc -...|51.9B|$84.20|60%| +|TWLO - Twilio Inc Clas...|61B|$434.29|60%| +|Z - Zillow Group In...|45.2B|$198.48|59%| +|TSLA - Tesla Inc|784B|$808.05|59%| +|DOCU - DocuSign Inc|49.1B|$261.48|58%| +|TWTR - Twitter Inc|57.2B|$71.76|58%| +|DISH - Dish Network Co...|16.5B|$31.40|58%| +|SNAP - Snap Inc - Clas...|92.3B|$62.13|57%| +|UAL - United Airlines...|12.9B|$43.69|57%| +|SHOP - Shopify Inc - C...|175B|$1446.98|56%| +|TAN - Invesco Capital...|5.05B|$120.34|56%| +|DDOG - Datadog Inc - C...|23.5B|$112.19|55%| +|LYFT - Lyft Inc Cls A|17.8B|$57.37|54%| +|HAL - Halliburton Co....|17.9B|$20.07|54%| +|TEVA - Teva- Pharmaceu...|12.2B|$11.11|54%| +|EAT - Brinker Interna...|3.04B|$66.31|53%| +|YETI - YETI Holdings I...|6.36B|$73.06|53%| +|WYNN - Wynn Resorts Lt...|12.7B|$117.15|53%| +|MGM - MGM Resorts Int...|17.8B|$35.69|52%| +|UBER - Uber Technologi...|107B|$60.44|52%| +|SPLK - Splunk Inc|28B|$172.90|51%| +|PBR - Petroleo Brasil...|22.2B|$10.59|51%| +|MELI - MercadoLibre In...|96.8B|$1938.71|51%| +|VALE - Vale S.A. - ADR...|92.5B|$17.44|50%| +|WDC - Western Digital...|20.1B|$65.65|50%| +I own a 2-unit apartment building in a city of 50,000 people. I listed a unit for rent on my local facebook housing page. In my description I said it was 'part of a 3-unit building', when I meant to type '2-unit'. + +3 days later I get a letter from the Zoning administrator with screenshots of the Facebook ad, with a full-page letter threatening me with exorbitant fines for alleged 'zoning and building inspection' crimes for having a 3 unit building. + +I went and spoke to the guy to explain my mistake. He was some 20-something hotshot who wouldn't believe my typo. He wants himself and 2 other city officials to come through my property in order to not fine me. I can't believe these fucking people have nothing better to do than cross-reference Facebook posts with assessor records all day. + +Not looking for advice, I just wanted to tell ya'll a story. Because I remember when this sub used to not be all about bubble horror. + + +Edit: Ya'll give too much advice. Why is the '2' so close to the '3' on a keyboard in the first place? +Getting blackmailed into contributing to a repair that was not caused by us. To make matters worse this email is 6 months old. They never fixed the clothes line lol. Rent was increased from $600 pw to $650. This was triggered us to buy a house and we are moving into it next year in 2023. I had other experiences like this but this one took the cake for us. We had been in the property for 18months prior to this email. We rang some local consumer groups and it's not illegal. Just unethical as they put it. +Does anyone else think Robinhood really isn’t that bad? It has its reasons for being “bad” but is it really THAT bad. Believe me I understand the hate but the app design itself, the utility and the amount of people that it introduced to investing seems like it should count for something. I have yet to see any other platform come close to matching the beauty of their user interface. The hate on Robinhood just seems to have gone past reasonable. +Hi again, Value Investors! + +Noting that our subscriber count has exploded recently with a new interest in Value Investing around Reddit, and having just spent an hour clearing the moderation queue from the weekend, I have some notes for you all about how we're moderating the sub lately. + +1) Posts about a stock which come from an account that does nothing but shill that same stock over and over in multiple subs are being removed as spam. Please continue to report these to bring them to the mods' attention. + +2) Low quality posts like "What do you think about $XYZ?" or "What stocks are good this week"? are being removed and posters are being referred to the Weekly Megathread. That's what it's there for. I admit this is highly subjective, and I'm swayed by upvotes/downvotes. This is something new we just started doing to improve post quality. + +3) r/ValueInvesting is not r/WallStreetBets, and we're not going to allow it to start looking and sounding like WSB. I've been allowing some level of meta-discussion about the current news, but I am removing comments and low-quality posts that sound like WSB cheerleading, in particular comments using WSB-style emojis when I see them. + +4) We continue to remove YouTube posts that are spammed to multiple subreddits. YouTube videos that are relevant and only posted here as a one-off thing are still allowed. Again, it's subjective and I take upvotes and posting history of the account into consideration. + +5) We don't ban or block Seeking Alpha articles, but Reddit seems to quarantine link posts to SA or text posts and comments that include links to SA. They end up the mod queue, and I generally approve them. But if nobody's replying to you, maybe that's why. + +6) We have lots of patience and a high bar for banning accounts. Probably a higher bar than many of you would like. On the other hand, I have zero tolerance for ban-evasion or reposting things the mods already removed once. + +Again, welcome to all our new members, and thanks to all our long-time members for helping keep this sub a respectful forum for value investors of all experience levels! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: + +*** + +- Follow the Golden Rule. All other rules apply as well. Follow [this link](https://www.reddit.com/r/ethtrader/about/rules) to view the rest of them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +I understand that index ETFs are generally a better choice over mutual funds. I also acknowledge that there may be research to support that an index ETF will likely outperform individual stock picking over the long term. + + +A vast majority of personal finance subreddits, blogs, and YouTube channels suggest buying an index ETF. It has been made easier by all-in-one ETFs such as VBAL/XBAL, VGRO/XGRO, VEQT/XEQT, etc. We have reputed books and podcasts advocating index ETFs to be the best choice as well. + + +They all discourage from stock picking. Pick an index ETF based on risk tolerance/time horizon, keep contributing it, and you’re set for retirement! + + +I have done my due diligence, and I am not opposed to it. I am not challenging the research. But it makes me think if we are in an echo chamber with no devil’s advocate? + + +Why do people still invest in CNR/CP, AQN, ENB, AAPL, MSFT, bank stocks, etc. if “index ETFs” are unbeatable in the long term? Is it just for fun? Is it in the hopes of beating an index? Why not stick it in an ETF and call it a day? + + +My intent is to break out of this echo chamber, and really get a discussion going because I honestly feel like stock picking is not as bad as it’s being made out to be. + + +But I could be wrong and I am open to learning. Thank you. + + +Edit: Thank you everyone for continuing to contribute in this post. Lots of great insights here! I appreciate all the effort you guys put in this conversation. Also thanks to those who gave awards!!! +I've been thinking of buying houses to rent to college students. I'm looking in Binghamton, NY where the average 3 bedroom home goes for about $100k. Maybe my math is wrong but it seems like a slam dunk. Put down a $20k down payment, rent house for $1200/ month, minus $700/ month expenses leaves me with $6,000 per year in profit. On a $20k investment that's a 30% ROI, which is incredible. + +Does anyone here rent to college students? Has the pandemic hurt your investment income? I feel like by the summer things should start getting back to semi-normal again. +**EDIT:** Love you apes. Sorry again for the crass language and the tone. It was part frustration, part trying an alternate strategy to reach people. I will try and fix my typos and errors as I find them but this took me like three hours to write and I really need to get some work done. + +**EDIT 2**: I updated the percentages on the numbers chart, as people correctly pointed out the implied increase negated the need for the 100% base. Thank you so much for everyone taking the time to understand. I do want to mention that I'm not saying the MOASS is on a date. I just wanted to get attention drawn to a point of data that, to me at least, seems urgent and critical for apes to see, especially while the price dips. I always reserve the right to be wrong. Thank you all so much for your comments, I appreciate them all and read them as I can. + +**PREFACE** + +I am screaming from the rooftops about this to any apes who will listen. The bells are tolling for hedgies and no one is noticing or caring. I've made two other posts trying to draw attention to this and both got downvoted into obscurity or spammed with cries of "Shill!" + +I try to make every post respectful, concise, and as clear as possible but that isn't working and this needs to be heard, so I'm going to go crass. Prepare for a meandering, poorly edited, train of though addled wall of text! I'm going to worry less about citing and more about getting this out there. I'll edit in citations later if anyone fucking pays attention and this doesn't get downvoted to hell. + +I love all you apes, but the hedgies are bleeding out right in front of us and you dense mother fuckers are busy upvoting cat videos and low effort memes to the front page instead of useful discussion. You aren't all diamond hands, you're diamond skull too. If I need to make a puppet show I will, you're going to understand how important today is. + +**TOPIC** + +Today is the settlement date for the short interest reports due to FINRA twice a month. These dates are as important as FTD cycle dates but no one ever fucking pays any attention to them. Every single time these dates come around the price will bump UP by 25% to 35%. What did we see this cycle? A DROP OF 40%! + +This is the first time in a year that the price fell for a SI report cycle. It has always risen by as much as 500% during the Jan squeeze or as little as 22% in April while the stock was running flat but it ALWAYS GOES UP! + +**Pay the fuck attention here**. The price goes up when these dates come around, not down. There is a very simple reason why, if you give two shits about it you can read my first DD: + +[https://www.reddit.com/r/Superstonk/comments/nztx4l/finra\_short\_interest\_reporting\_the\_current\_price/](https://www.reddit.com/r/Superstonk/comments/nztx4l/finra_short_interest_reporting_the_current_price/) + +**GRADE SCHOOL LEVEL EXPLANATION** + +I'm going to use an analogy and then a real world example with numbers to try and hold as many people's hands here and explain what's happening. + +Let's say you get a small cut and it bleeds a little bit. You're not going to die. You get cut again and again and again and you're still not going to die but every cut makes the bleeding come faster and faster. Eventually so many cuts will accumulate that the bleeding will kill you. + +Now imagine you're getting these cuts but don't want anyone to know you're bleeding, so you cover the cuts up with bandages. You're still fucking bleeding, you're still going to die, but at least nobody knows it. People can see you're a little cut, but no one can clearly tell you're fucking hamburger and being held together by duct tape and stubbornness. + +Now what happens when you run out of bandages and you get a new cut. That cut is going to show, people are going to see it. Worst, your old bandages need to be changed from time to time. You're now not just fucked, but everyone is going to start realizing you're fucked and they're going to go after your weak ass. + +That's the hedge funds right now, they're out of bandages. + +These pieces of shit have been creating synthetic shares of GME for months now, since before the Jan squeeze. In Jan they were over 100% short, so what happens when someone buys a share of a stock that has no shares to sell? The price goes up. It goes WAY the fuck up. To counter, the hedge funds have been creating synthetic shares. + +There are piles and piles of DD on this topic, please use the DD search button and read some of them if you're lost. + +So, let's say it's April 16th. You have synthetically created MILLIONS of shares of GME and apes keep buying. You create more shares every time they want to buy more so that the price doesn't climb. But every time you create shares you have to balance your books. Luckily, the SEC is shit at their jobs and you can fudge 10% or so of the shares you create out of thin air, but there is still just way too many shares getting created day after day. + +Then, here comes a settlement date on April 30th. In that time you've synthetically created 20 million shares and fucked the stock price in the process, only letting sell pressure materialize. You even got super sneaky and only marked half the shares you created out of thin air as short. You're still holding your dick and 10 million fucking shares that have to be balanced before your system creates an automated report and sends it to FINRA. Fuck. OK, so you start buying up deep in the money calls and shoving hundreds of thousands of shares into them, but there's only so many of those in a day. Here you are three days before the report is due and you've still got 7 million shares to fucking deal with. No option, you're going to cover 6 million of them, let the stock price concentrate a few percent, and then short the fuck out of it in a couple days. The report you send in, which is completely fucked and not even close to accurate, only shows you have 20% of the stock shorted, because you managed to lie about half of them, shove a quarter of them into options, juggled the rest into the share price for a couple days. April 30th hits and the report fires, you now can start the stupid fucking cycle all over again! + +**MIDDLE SCHOOL LEVEL** + +If you're with me so far, then I'm proud of you and you get a star. + +The hedgies are trapped in this cycle, it is married to the FTD cycle that everyone focuses on, but both of these cycles feed each other and compound on each other. + +Every time a report is due they have to cover whatever amount of shares they can't hide into options. If you want to know more about how hedge funds hide their shit in options, please use the DD button, there are a lot of VERY deep dives into that topic. + +Every time there is a settlement date looming, the shorts cover any open excessive shares they haven't yet hidden. Every time. Without exception. + +Now, half you retards skimming here read this as 'the shorts have covered'. THE SHORTS HAVE NOT COVERED! They are not closing the hundreds of millions of short positions they have open every settlement cycle, what they are closing is a fraction of the shares they created. Their strategy is to balance their bullshit between "accounting errors" and not marking synthetic shares as being short, shoving shares into options, and covering the remained. They cannot over do any one of the three. If they pump too many shares into options, the next FTD cycle will hit too hard. If they fuck up their report too much, it will cross the line from a fine and end up with jail time. If they cover too much it will send the share price too high. They use ALL THREE! + +**WHAT HAPPENED** + +I hope you're still with me, we're almost there.... + +&#x200B; + +[Pretty pictures](https://preview.redd.it/g49n3z9peh571.png?width=1866&format=png&auto=webp&s=45312c14e7656455d6791d0e765be717c4eed00e) + +[Scary numbers!](https://preview.redd.it/zlu198bxvh571.png?width=308&format=png&auto=webp&s=b1b91ba7bd00b5f164716d4d5390fd666b18dd7b) + +Here is a chart of settlement dates, the high that resulted from the date, and the low a day or two previous to the high. The highs are always (except for in 2 exceptions) the day BEFORE settlement. For the two exceptions, the high was two days before settlement. The lows occur before the high within a day or two. Lastly is the percent increase. + +You can ignore everything the Jan and Feb squeezes, their behavior is not typical for reasons I really shouldn't have to explain. You can see that before settlement the price always goes up. Always. + +**This settlement cycle, for the first time ever the price went down, it went down 40 god damn percent.** + +That's not a weird fluke, that's a fucking alarm bell ringing and everyone is ignoring it to watch anchors on CNBC yell at each other. + +**EXPLANATIONS** + +There are three possible solutions to why the price went down but only one of them makes any logical sense. Now, deep breath, you have to apply deductive reasoning. I will now attempt to make my case for the three arguments and why only one of them can be true. Hold onto your butts. + +**ARGUMENT 1**: *SHF managed to hide their short positions using their usual tactics, and sell pressure was so high they never needed to cover the shares they typically have to.* + +I want to point your attention to everyone's favorite datapoint, OBV: + +&#x200B; + +https://preview.redd.it/evzz891m7h571.png?width=1298&format=png&auto=webp&s=e1385a64ef72920fb447d91a2019252dd8244008 + +OBV is not the answer to all questions, but it can show us with a good enough clarity that no one is selling. After April 12 the OBV has only increased. This flat out tells you people are buying and not selling. Notice at the end there, the last few days, that dip is fucking pathetic. Even the paper hand bitches that joined in the last two weeks haven't sold. + +So the sell pressure didn't deflate shit, what about options, maybe they just shoved so many god damned shares into options this week... + +[https://www.optionsonar.com/unusual-option-activity/GME/latest-trades](https://www.optionsonar.com/unusual-option-activity/GME/latest-trades) + +Well, nope, according the optionsonar this week isn't exceptional. No more deep ITM buys then we'd expect to see. So they didn't hide the shares and they didn't cover the shares. This argument is fucked. + +**ARGUMENT 2**: *Hedge funds lie, they're just going to lie on this report.* + +This argument is slightly more plausible but still doesn't cover it. I want to emphasis, these dates are married to the FTD cycle. The FTD cycle is the noose around the hedgies necks. The cycle is strangling their stupid asses out. If they could just cheat away their short positions, they'd have been doing that YEARS ago. + +What's that I hear you saying over you bowl of cheerios with no milk? "Oh, but they're desperate now and trying desperate measures" They've been desperate since Feb when the dick parked behind them started inching into their asses. They've been doing everything they possibly can since at least Feb with no way out. If it was as simple as lying don't you think they would have tried that by now? + +I don't want to tell you jack shit about me, who I am or what I do in the real world, but I do have personal experience on this front, I do know what I'm talking about. The SEC may have their thumbs up their asses but if you fuck the dog too much, they will have no choice but to prosecute you. You can stick a finger or two in, but when you go balls deep there will be consequences. + +[https://www.ussc.gov/sites/default/files/pdf/research-and-publications/quick-facts/Securities\_Fraud\_FY19.pdf](https://www.ussc.gov/sites/default/files/pdf/research-and-publications/quick-facts/Securities_Fraud_FY19.pdf) + +Fraud, actual fucking fraud, not the stupid ass bullshit people on here like to call fraud, but REAL fucking fraud gets the government wet. USDAs will jump on them, it's a slam dunk easy case, the government gets to collect a bunch of sweet cash from their restitution payments, probation offices get to toss them onto the low risk caseload and check in with them a couple times a year. Everyone on the federal side wins. Again, I don't want to say too much but I know what I'm talking about on this topic, these assholes get prosecuted, they get years of probation and sometimes small stints in prison. Worst of all, you lose your ability to EVER practice finance again. Scarlett letter, they're fucked. + +So, they might push the envelope, they might fudge the numbers egregiously, but they wont erase 100 million shares and expect it not to get found. + +Reports like those sent the FINRA are created with automated workflows. In order for them to fraudulently mark all of their synthetic shares as long a worker at the bottom of the barrel would have to have gone in and done it. Some programmer, trader, or middle manger would have knowingly put his career, his freedom, his family's security on the line. For what? So his job lasts a couple weeks longer? So his boss will give him a thumbs up? Fucking no, no one is that stupid. No one is going to gamble away their entire life for a couple more weeks at a paycheck or a good performance review. + +If it were that simple, if cheating at that level were an option, they would already be doing it. + +I'm running in circles here but this is the first time the price dropped from a settlement, not just didn't go up, fucking dropped by 40%. It was shorted to shit. This isn't Ken going in with some whiteout and a pen, there are dozens of people involved with this action and they aren't all going to sacrifice themselves for no god damned reason, especially when they could get a sweet whistleblower reward for reporting it. + +**ARGUMENT 3:** They aren't going to cover. + +When you rule out all the other possibilities, what you're left with is the only logical argument. These assholes are unable to or unwilling to cover the shares they need to. + +Maybe the number of them is so egregious there is no point. + +Maybe the move to the Russell 1000 on the 25th will make the entire exercise pointless. + +Maybe there's too much scrutiny on them with the SEC finally investigating. + +Who the fuck knows, all I know is, they didn't cover. + +&#x200B; + +They didn't hide them all, they didn't sell them all, they aren't going to willingly go to jail, **THEY'RE SURRENDERING** whether intentional or not. + +When the report gets published on the 25th, it will show all the shares they couldn't fudge or hide. It will show tens of thousands of shares. Not just 20%, it'll be 60% minimum, and it'll be just the tip of the iceberg. That number will only represent a couple weeks of shorting. + +Blood in the water, the sharks will circle. This is massive. + +Apes need to fucking see this. Everyone is crying over a little price dip while the god damned final blows are being struck. + +You may downvote this again, spam accusations of Shill, but I'm not going to stop trying to get this topic to people's attention. + +I'm done for now and will go back to a polite demeanor. + +To all the apes who took the time to read, thank you! +Hi Favorite Community - + +Someone yell at me if this breaks rules and I’ll delete it. + +36/F, $12-13M NW, work full time still but only because I have one-more-year-itis and an irrational fear of being broke again/not being able to take care of my kids, but I think some form of retirement is near. + +OK. So, due to the above, my husband and I have always lived below our means. We finally upgraded to a 1,800 sq ft house when we had a baby after 5 years in a 400 sq studio, but I would have been ok with studio life forever. We don’t look at price tags at the grocery store as we are big on healthy eating but are very thrifty everywhere else. Used cars, used clothes, all of our furniture and linens are from target or some discount type store. Only ever flown coach and filter by sub-$200 a night when booking hotels. We don’t really feel like we are sacrificing because those things don’t really bring us happiness, but there are a few areas I feel like perhaps would make a big difference in day to day life if we upgraded. + +For example… pots and pans. Bed sheets/linens. Mattresses. Spending $10k to convert our garage to a gym so I have somewhere to do my YouTube yoga. An expensive high quality winter coat. Staying at the Four Seasons on the beach in Maui vs an Airbnb more inland. + +I was inspired by reading someone post on here that they hated doing dishes so they hired someone to come do dishes for them 4 nights a week. I also hate dishes. + +I guess my question is (and I know it’s been asked here before but it’s nice to get refreshed answered): what are the first items you upgraded to in your life when you FF’ed? + +I cook 6-7 nights a week and sleep a lot so looking for the best pots/pans/linens money can buy as a first step if anyone has specific suggestions on those but genuinely curious across the board what I should start with as I slowly start this upgrade experiment. + +Thank you! +Sorry if this is a bad question since it’s kinda vague. I personally feel like a lot of peoples financial troubles that make them complain about capitalism or corporations are mainly because of their financial illiteracy. Maybe I’m wrong but I’ve always felt that if people knew how to save, invest, and allocate money correctly they would have a better life overall. Anyways if everyone (let’s just say in the US to keep it more simple) we’re suddenly financially literate how would that change the economy? What would happen to the stock market? How would low income areas change? I know it’s vague but I’m wondering from an economic point of view how most things would change? +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! + +One of my good friends is a real-estate broker in Tampa, FL and he sent me this message today: + + +Here is another one…..Open Door. Buying homes in the frenzy of the market now getting stuck with them. selling them at a loss. I just showed one last week. They had it on the market for 50k less than they paid for it. By the way all they do is put lipstick on a pig and try to resell it. Their “ updating” is horrible work. + + +Source: [Opendoor Lost Nearly $1B In Q3 Amid 'Once-In-40-Years Market Transition' - Inman](https://www.inman.com/2022/11/03/opendoor-lost-nearly-1b-in-q3-in-once-in-40-years-market-transition/#:~:text=Technology%20Opendoor%20lost%20nearly%20%241B%20in%20Q3%20in,just%20%2457M%20during%20the%20third%20quarter%20of%202021) +Even though country is affected by Covid more than last year, why is stock market stable if not ?increasing this year compared to the same time last year? +i am tired of ppl that are usaully either married to money or use daddies money, tell me "mAKe cOfFee at home" or sell extra crap on ebay etc, this stuff wont do a dang thing untill your main job pays well. i am tired of ppl trying to tell me different. being frugal helps but wont turn your finances around +How do people afford to live? +I'm 27 working full time, but still living at home, with a take home of £500+ a fortnight after deductions. (Currently paying £300pm in rent as a non dependant + "keep" no "bank of Mum & Dad" option here) + +Looking to move out and live independently, the cheapest 1 bedroom flats in my area/city are £550pm with the cheapest council tax band working out at £110pm (£660pm) +Leaving me with approximately £340pm, then there's Gas & Electricity, TV licence, on a shoe string budget leaving approx £50 per week before food/other necessities. +I'd be living in borderline poverty watching every penny living in the cheapest possible accommodation available... +And that's not even mentioning furniture. +If renting seems so out of reach how am I/others to get onto the property ladder and get a mortgage ect. I've managed to save £1000 with the hopes of using that to furnish my future home but further research would suggest that, that will likely get used a deposit. +Hello AskEconomics + +Is there anything the average person can do to reduce inflation? Would contacting the fed help get them to raise interest rates quicker? What policies can be done on the state/city level to reduce inflation, besides national interventions?Are three any groups working to get these intervention? +Edit: changed Bad econ to Ask econ +I’m really excited to say that I have finally been approved for my first investment property. 9 +Units. All single family units. 8 houses are on one street and one deed, and the other is just a few blocks away. I expect it to cash flow $2,000/mo. All are currently rented out with longer term tenants. Appraisals are set for next week. Expect to close by around the 1st of March. If you have any good resources for new investors please let me know. +A few months ago I sold my startup which put me at around $11.5MM NW, mostly liquid besides a very reasonable house and cars and such. Currently in my early 30's, 2 kids under 5 and another on the way. + +I grew up in a middle-class household, both parents owned a small business and ran it together. In my formative years, I got to watch them work their asses off to make it successful, and I emulated that when I got out of school. I can clearly remember at dinner when I was young, they would talk about who to hire/fire, where to open a new location, etc. I remember asking questions about what they were doing and why, and it's a big part of what made me who I am. + +Here's the problem that's keeping me up at night: Having sold my last business and broken into 8-figure territory, I'm not sure I plan to work that hard again which means my kids may never get to see what working looks like as they grow up. + +I don't know if I can work solely for the sake of giving them an example, and I don't think telling them about it will be anywhere near as effective as showing them how to do it. My fear is that I'm going to raise kids who are out of touch with financial reality. + +The one advantage I have is that it's still early. One isn't even born yet... so how do you guys make sure your kids don't turn out to be entitled lazy out-of-touch assholes? +My dad says he wants me to sign for a mortage for our family, since his credit is bad after a foreclosure a few years ago. He says that they will even pay the down payment and monthly payments. I'am scared and don't know what to do. Edit: wow this post blew up, wasn't expecting that... need to turn off notifications +... I work in asset management, and one of our research providers covers cryptos. They’re well respected for their investment research in general, and they’re extremely bullish on the big cypto currencies, w/ recently updated year-end price targets at around $25k for bitcoin, $1900 for ETH. + +There’s been a ton of continuous downward pressure for months now due to post-settlement liquidation of the Mt Gox cryptos, believed to be the largest ever crypto to fiat liquidation. They believe that this liquidation will actually lead to fiat assets pivoting back into cryptos, which will be a tailwind later in the year since the fiat is going to crypto investors who got screwed by mt.gox and who are likely to re-invest (to some degree) in the crypto space. + +I can provide more info if there’s interest. + +Edit: will update later this afternoon w/ more detail (working right now) + +Edit 2: Wow, lots of bitter, angry people here. I guess I shouldn't be shocked... + +First to clarify/reiterate a few points: + +1. This info is from a research firm that I do not work for. The firm I work for uses their research + +2. I honestly don't give any amount of a fuck if you think I'm lying about this. First of all, I'm not saying the research is even definitely correct -- use it as I use it: to inform your own view. Second, the idea that I came here with positive research as a "pump and dump" or even to benefit myself financially from owning ETH (which I do), is hilarious. Yes, I truly believe that convinving a handful of people on a (sorry) riff-raff infested subreddit is going to meaningfully move the price on a currency with billions of dollars in market capitalization. Yyyyeah. Third -- I just truly don't care at all whether you think this is real or fake. You can read or not read and make up your own mind. Stop acting like I'm trying to compel you to do something. Seriously, some of you people are just angry, paranoid assholes. + +3. Without further ado - more info (again, if you think i'm some sort of scam artist... feel free to not waste your time with this...): + +First, basis for price targets-- it's primarily based on technical analysis (I'm personally pretty skeptical of technical analysis, but we don't have a lot else to go on at this point... there are really no well-established or proven fundamentals-based models, but technicals can be applied to any market-based pricing with historical data to analyze), as well as assumptions regarding total investment in cryptocurrencies/coins and how that capital rotates between alts and "blue chip" coins (BTC and ETH) and other coins/tokens -- the idea is that mid- to long term, there's a cycle of alt coin surges that often coincide with BTC and ETH downturns, but ultimately BTC and ETH are the most viable places for that capital to land in the longer term, since a huge amount of the alt coins are not long-term viable, but that doesn't mean the assets generated in them won't remain in crypto (and because the strongest use case for cryptos remains to be financial transactions). Finally, the targets take into account trends that were much more observable pre-mt. gox liquidations. The assumption here is that the huge amount of selling is putting significant downward pressure on prices when the crypto ecosystem is otherwise very healthy and nothing has fundamentally changed. + +Working on more but posting this for now... +There's a lot of talk about "Buy and Hold" strategies. In real life, I rarely see people holding a stock for 10+ years. I am curious to see if other people around here have held a security for 10+ years. In particular, here are some questions if you have held stock for 10+ years + +* Why did you invest in that particular stock? +* What made you hold the stock for 10+ years? +* If you'd like, please share the stock name. Otherwise, please talk about the industry + +If you'd like to share another security you held, like a Mutual Fund, please feel free to share with us. +I am reading Modern principles of Economic by Cowen and Taborak and it defines savings as +saving = "Saving is income that is not spent on consumption goods" +It also defines investment as +Investment = "Investment is the purchase of new capital goods" + +Now if I earn a yearly income of say $100 and I spend $50 that year on consumption goods (i.e. food, water, fuel etc) and I leave the remaining $50 under my bed with a promise to leave it there forever. This $50 must definition-ally be savings as it is income not spent on consumption. But it certainly isn't Investment by the definition above. It has not contributed to the purchase of new capital goods in any way shape or form. Yet I am told that savings=Investment always since it is an identity. So how can this be? + +The only possible explanation I can come up with is that this $50 increases my personal inventory by $50 in the form of cash and in this manner it constitutes investment. But this doesn't wholly make sense since it still hasn't gone into the purchase of new capital goods and so I'd need to alter the textbook definition to make true sense out of this explanation. + +Any help on this issue would be greatly appreciated as the few links I have seen discussing this issue do not make much sense to me. +It's been bugging me, hitting a spot in my brain where patterns that don't fit pop out and seem to wiggle a little - why is RC so focused on Bed, Bath and Beyond as a stock? + +There are other tickers in the market that are being targeted by SHF and aimed at cellarboxing, for sure, so what's different about BBBY? + +I dug into it and BBBY is somewhat unique in one aspect - it doesn't use Computershare as a stock registrar, it uses AST (American Stock Transfer, historically, but now branded as AST financial). AST financial is privately held and a rapid adopter of technology, as noted here: [https://www.astfinancial.com/about-us](https://www.astfinancial.com/about-us) + +So, who own's AST? It's owned by Equiniti, a PE-backed firm that was a rollup of firms by Siris Capital back in 2020. PE firms invest in rollups when they think they can either create innovation between the companies or that the companies are likely to create a sum greater than the parts by coming together, then selling the entity. I can see they are investing in several elements that would be critical to a functioning marketplace for a tokenized stock platform - private company issue management (2018), Proxy automation for shareholder votes (2019) and Astrella, a stock platform for private companies. + +What they are missing is a marketplace with transparent bid/ask pricing and ownership transfer management in that marketplace. That's what it looks like Loopring and GME are building based on the Github code. + +So, my speculative brain fits the pieces together like this: + +1. GMErica, Inc. acquires Equiniti to own the share registry platform and the private company platform +2. BBBY, as one of the only retailers issues by AST as a share registry, agrees to move shares to the NFT platform integrated in the GME nft marketplace +3. BBBY recalls shares as GME recalls shares to move to the new marketplace. This takes away the criticism of the nft marketplace not being a real market for stocks as it only has GME in the marketplace +4. BBBY squeezes like a mofo as does GME, causing other firms to want to move to nft stock trading + +I think it's essential that the stock marketplace cannot be the home to just one company and I think BBBY is a candidate and as a result, either GME is going to buy Equiniti in a private transaction or Siris Capital is about to own one of the most valuable platforms in history. + +TL;DR BBBY isn't a distraction for GME, it's the first company other than GME to tokenize shares to blockchain in the nft marketplace. +Honestly, I don't really mind pumping coins, particularly joke coins like Doge. But if I see another post from someone saying "but what if Doge is the next Bitcoin" I think I'll crack! + +You can only pump a coin like Doge so far! I'm seeing people saying "what if it gets to $100 or even $1000?". Do they have any idea how many of these coins are in circulation?! + +Part of the whole joke of Doge was its rediculous supply cap and real terms inflation, with literally billions of new coins being generated annually. You can only sustain the upwards trajectory of something like that for so long... + +If you're a newbie playing with Doge, these is a huge chance your going to lose next to everything. The actual coin is designed to lose "value", the fundamental function of the coin is actively working against you! +Stock price flew up ~10% after hours when the announced the split are you considering buying? + +Edit: Most people are adding that they had a very impressive earnings day today and that’s the reason the stock has been moving. Maybe makes it a more appealing play if the market hasn’t “hyped in” the split yet. +Good morning San Diago, + +I am Rensole, + +&#x200B; + +https://reddit.com/link/ml7lp0/video/myrigaw0iir61/player + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/hlk1i6v1iir61.png?width=680&format=png&auto=webp&s=cd0f4dd347ab08966d375dd7b378bb683235f487 + +None of this is financial advice. + +# Episode IV: A new hope + +First of all I want to thank each and every one of the people who joined us here. In my mind this entire thing has never been about one person, or a few, but always thought The whole is greater than the sum of the parts. but the feedback we have all received yesterday was amazing. I'm extremely thankful for the continued trust this community has given us, and I'm extremely humbled by it + +But I want to make it clear that none of us are to be looked at as some sort of "messiah" or "leaders", we are just the same people from the same tame trying to do the best we can, and we can only do posts and get our information that we are good with and depend on the others to do their parts. And please, let my former mod team be at peace, we may not have parted ways on the best terms but they did put in a lot of work and deserve some respect imo, and I have no ill will towards them. + +I'd also take a moment and extend my gratitude to r/Spielstopp for giving me the opportunity to post my side, also mein freunde danke darfur ! + +Now we all had some experiences in r/GME and I like to learn from SWOT and this has lead me to an idea. instead of having 1 mod who does the banning, or 1 mod who does all the DD checking where asked, why not set up teams? + +&#x200B; + +https://preview.redd.it/tdbucz0jlir61.jpg?width=1280&format=pjpg&auto=webp&s=cc318146af9e753557a280539602f4cb9183e696 + +my thought was this, simple and easy, give mods flair to match so people know who they need to reach out to at a moments notice, making it easier to contact mods for specific reasons. + +This does not mean the mods would be limited to just that one role, it means we have a full team, and they would be specializing in stuff but can still help out across the board. + +For example Pixel warden and I will be on DD checking for the most part as we are better with that then we are with sub maintenance. so we will have yellow. (just an example) + +Let me know what you guys think. + +&#x200B; + +https://preview.redd.it/3213ehldmir61.jpg?width=640&format=pjpg&auto=webp&s=9e5e15068fc2047d78cf402918d3ab9de7a42e0c + +Also one thing I want to be very clear about, there is no petty rivalry or animosity between r/gme and r/Superstonk it's always been about the stonks and it will remain so. cross posting is a 100% ok, because it's not about where we are but who we are. ape don't fight ape. + +So lets all move forward with one singular goal, the stonk. + +&#x200B; + +Now let's get onto the real news shall we! + +&#x200B; + +https://preview.redd.it/2ti583z3oir61.png?width=512&format=png&auto=webp&s=6dcd0f088b386ea59895af918cb351315323adb5 + +Given the current situation it's easy to spread FUD, please play no heed to this as per usual, we are not splintered in any sence of the word we are just merely on more subs now + +Nothing changed, and we are still the same community, just spread across multiple boards. + +&#x200B; + +https://preview.redd.it/pp5ui5g3tir61.png?width=750&format=png&auto=webp&s=e67d6ff7456a08c6e7ca445e574b47f612cf351a + +[u/Scalpel\_Jockey9965](https://www.reddit.com/user/Scalpel_Jockey9965/) Did a great write up on the new OCC filing **SR-OCC-2021-004** + +[which can be found here.](https://www.reddit.com/r/GME/comments/mkphuq/new_occ_filing_seeks_to_amend_the_process_for/) + +This new rule change amends the Options Clearing Corporation (OCC) Rule 1104.What's really interesting about this rule is that it provides an order of events in the case that an options clearing member is suspended. + +When an options clearing member is suspended, their current positions are then auctioned off to other OCC members. The proceeds from these auctions are then used to close out their other high risk positions. + +Guess who's a OCC member? Shitadel! + +Normally a liquidation was by invite only, but with the new amended rules it means it's entire portfolio is up for grabs for any other member, this means in turn that the have a better chance of recouping their losses faster and easier, and also means they are currently preparing for war. (note Citadel has hired an ex SEC high profile dude, you don't hire a woodworker if you have no use for them) + +&#x200B; + +https://preview.redd.it/2rs6e53kpir61.jpg?width=800&format=pjpg&auto=webp&s=1b9c75f1b2d9a1ae94d5f8d8dc672c5da79ea7aa + +[u/c-digs](https://www.reddit.com/user/c-digs/) did a great writeup of the new rules of the **SR-DTC-2021-004** and **SR-OCC-2021-801** in ELIA + +(Explain It Like I'm Ape) [found here](https://www.reddit.com/r/Superstonk/comments/mkju4s/srdtc2021004_and_srocc2021801_for_apes/) + +it goes through what the 004-005 and 801 mean and how these all are inter connected so that they can use one to trigger the other. (for example, having a VAR assessment daily by using 002 then using the 801 to check the minimum requirements and use 004/005 to margin call them and liquify their assets in order to offset the financial requirements). + +the new rulings are bullish imo and will cause a ripple effect. + +We are currently still seeing the ripples from Archegos going on + +&#x200B; + +https://preview.redd.it/gotd21ygqir61.png?width=1080&format=png&auto=webp&s=1cd639a557ce7f89f0fca96fdbd68d698a1ae99e + +How this will continue or what further affects it will have are unsure right now, but by having one topple usually means the next one isn't far off as the hedgefunds are interconnected to one and other but in what sense they are still remains to be seen. + +&#x200B; + +https://preview.redd.it/4yt69ozzrir61.png?width=500&format=png&auto=webp&s=eb3a89ab0ba008a213f83921d5db60ea681abf80 + +# Game stop 3.5 million share offering + +So I wrote about this yesterday as well but I would like to get it in the daily just so that we have a good overview and amend it where needed. + +[https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-market-equity-offering-program](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-market-equity-offering-program) + +**GameStop Announces At-The-Market Equity Offering Program** + +Company Can Sell Up to 3.5 Million Shares and Intends to Use Any Proceeds to Further Accelerate Transformation and Strengthen Balance Sheet + +GRAPEVINE, Texas, April 05, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has filed a **prospectus supplement** with the U.S. Securities and Exchange Commission (“SEC”), under which it may offer and sell up to a **maximum of 3,500,000** shares of its common stock (the “Common Stock”) **from time to time** through an “at-the-market” equity offering program (the “ATM Offering”). The Company intends to use the net proceeds from any sales of its Common Stock under the ATM Offering to further accelerate its transformation as well as for general corporate purposes and further strengthening its balance sheet. The timing and amount of any sales will be determined by a variety of factors considered by the Company. + +Common Stock will be offered through Jefferies LLC (“Jefferies”), which is serving as the sales agent. Jefferies may sell Common Stock by any lawful method deemed to be an “at-the-market offering” defined by Rule 415(a)(4) of the Securities Act of 1933, as amended, including without limitation, sales on any existing trading market. Sales may be made at market prices prevailing at the time of a sale or at prices related to prevailing market prices. As a result, sales prices may vary. + +GameStop’s prospectus supplement filed today supplements information contained in the accompanying prospectus contained in the shelf registration statement on Form S-3 (File No. 333-251197) for the offering of Common Stock. Potential investors should review the prospectus, the prospectus supplement and all other related documents that GameStop has filed with the SEC for complete corporate information, including information pertaining to the ATM Offering and the risks associated with investing in the Company. Investors can obtain copies of the prospectus supplement and the accompanying prospectus by visiting the SEC’s website at [www.sec.gov](https://www.globenewswire.com/Tracker?data=hrN9RWoZYOPc9XlqHTGnAgxdpTcTBGVifa0hxjWRvh1nVLON3CnPxrMXs4vnlDdtLh3Tm9eZZSlaZAWKWgy7cg==). Alternatively, potential investors may contact Jefferies, who will arrange to provide them these documents, at: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022; by phone at (877) 821-7388; or by e-mail at [Prospectus\_Department@Jefferies.com](https://www.globenewswire.com/Tracker?data=r3BNIVHgyMQvoiFMy8n-lFIh0dGE33FE_VJjMe-TWe7NYjQvVRLM2dU5VMDLH1ESImtCwCjuoaYsrS5g540jf2PPxg3EG3KFGCrPJRIVUT3sC2b9Pi7gLSEZcuC1eJIhVNY7eSNmU8-xQ389vsGk1A==). + +**Please note that this press release is for informational purposes only and it does not represent an offer to sell or the solicitation of an offer to buy any of the Company’s Common Stock. In no event will the Company sell more than 3,500,000 shares of Common Stock under the ATM Offering, and aggregate gross proceeds will not exceed $1,000,000,000. There will be no sale of Common Stock in any jurisdiction in which one would be unlawful.** + +**About GameStop** + +GameStop, a Fortune 500 company headquartered in Grapevine, Texas, is a leading specialty retailer offering games and entertainment products through its e-commerce properties and thousands of stores. + +**Cautionary Statement Regarding Forward-Looking Statements – Safe Harbor** + +This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally, including statements about the ATM Offering and the use of proceeds therefrom, include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the SEC including, but not limited to, the Company’s Annual Report on Form 10-K for the fiscal year ended January 30, 2021, filed with the SEC on March 23, 2021.  All filings are available at [www.sec.gov](https://www.globenewswire.com/Tracker?data=hrN9RWoZYOPc9XlqHTGnAqI3j0agH9Pnb4jnvOtoOElFBVqncrzR9Cahgj4c4AVBo2CWkVNxO6--jOUEbt7DGQ==) and on the Company’s website at [www.GameStop.com](https://www.globenewswire.com/Tracker?data=bL_q78lV1bNsPDppeDXptITyMNymMDG89dPX08bX-NbnryALht59SqDgP8hL4d_EspFpXY0FMGPnp_Zelx4eqg==). + +&#x200B; + +This is an UPDATE to their previous filing on Dec 2020 capping at $100 mill to now $1 billion. + +See [here](https://news.gamestop.com/static-files/33c3ed1d-f47e-403f-81f7-9b75d3cf1adc) point number (2) + +They didn't sell a single share from that previous filing at $300, $400, $500. + +Credit: [https://reddit.com/r/Superstonk/comments/mki58e/this\_is\_not\_a\_new\_offering\_it\_is\_an\_update\_to\_a/](https://reddit.com/r/Superstonk/comments/mki58e/this_is_not_a_new_offering_it_is_an_update_to_a/) + +It’s not a new offering and it doesn’t mean they’ll be initiating an offering. They’re simply expanding the ability to offer. It also means that they can sell for up to $1,000,000,000 now instead of only $100,000,000. I believe this means they’ll offer when the price is incredibly high to maximize share price for fewer shares. + +See it as a guy offering his car for 100 bucks, only to realize it's worth way more and ask 1500 for it. + +&#x200B; + +&#x200B; + +https://preview.redd.it/8kg818ptsir61.png?width=554&format=png&auto=webp&s=407918536f6282efd669107e5f5f4c28c98f9ab4 + +# 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, they should be above the current price point, 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! + +&#x200B; + +&#x200B; + +https://preview.redd.it/dsev48iwsir61.png?width=400&format=png&auto=webp&s=3b22a5f2185a6e9fb1c3554848e5d6aa69f0710f + +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 I will be adding it here. + +backups: + +[https://gmebackup.tumblr.com/](https://gmebackup.tumblr.com/) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/HeyItsPixel1](https://twitter.com/HeyItsPixel1) + +[https://twitter.com/warden\_elite](https://twitter.com/warden_elite) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +And I'll be posting updates as they happen here: + +&#x200B; + +Edit 1: + + u/uberfunstuff was kind enough to post this so I thought I'd include it here as well. + +&#x200B; + +https://preview.redd.it/f0t3t8xfmjr61.png?width=640&format=png&auto=webp&s=180d4b6f4b1137f9e43ccd69b31774f8d22b18ee +So in January, I purchased a 6-unit for $220,000 in the midwest. It was a all-cash purchase. + +Rents were WAY below market at $450/unit. (that's why the low purchase price, NOI was garbage). Units needed upgrading before rents could be raised. + +Spent $30,000 in total getting all the units rehabbed and brought units to market rents at $775. I also brought down expenses through operational efficiency. + +As a result, I SUBSTANTIALLY raised the NOI. + +In the middle of a refi and the bank appraised the property at $340,000 and I will be withdrawing my $220,000 back. + +The interest rate is a bit high at 6.55% but the property will still cashflow nearly $1,500/month after all expenses. + +I essentially purchased this property for free. $0 left in the deal. + +Also under contract for a 12-unit that I plan on doing the same thing. Scared money don't make money! + +I moved from SoCal to the midwest to do this so it feels good that sacrifice pays off. + +*Thank you to everyone in this community and those over at* r/commercialrealestate*. Y'all unknowingly changed the trajectory of my life. I deeply appreciate you.* +Russia will not invade Ukraine. This is still just all politics. We won't have another bear market for at least a decade and I'm willing to put a lifetime ban on it. We are about to see another rally and all speccy stocks will recover (including Z1P). +Starting working at age 23 with no college debt + +Net worth ~$1mm at age 40 + +Net worth $2.5 at age 45 + +Net worth $4.3 at age 46 + +Net worth $5.5 at age 47 (2020) + + +High earner, High saver and aggressive investor + +Albert Einstein once said “Compound interest is the eighth wonder of the world. He who understands it earns it…he who doesn’t…pays it.” + +Plan is to FatFire with $10mm by 50 + + +TIKI TOKEN - The most talked about token recently. + +Auto BNB redistribution every 60 minutes. + +They already redistributed $2m to holders. The biggest redistribution token in the world. **$1,000,000 redistributed per day**, around $700 per minute. + + +\- 5% LP pool + +\- 3% sell fee + + +\- 0.1% max supply per transaction + + +\- 10% BNB Redistribution fully automated + +&#x200B; + +Every 60 minutes, you get paid in BNB 🔄 + + + + +Congecko and BSCbombs was Day one, next is CMC. 10k telegram members super active. + +**The bigger the bag, the bigger the redistribution**. It incentivize HODLING so we can expect a great price action. + +**PREMIUM Audit is paid for.** HASHEX.ORG , not your average shitcoin audit. Big budget to make sure the token passes the 100m cap ! + +**New ATH right now! 25m mcap and it's steady growing.** + + +1st place among BSC tokens in %growth during yesterday's mini-crash ! + +&#x200B; + +Contract: 0x9b76D1B12Ff738c113200EB043350022EBf12Ff0 + +Website : [https://www.tikitoken.finance/](https://www.tikitoken.finance/) + +Audit - Hashex [https://github.com/HashEx/public\_audits/blob/master/TIKI/TIKI%20report.pdf](https://github.com/HashEx/public_audits/blob/master/TIKI/TIKI%20report.pdf) + +Whitepaper and tokenomics- [https://www.notion.so/TIKI-Whitepaper-ae4b1469a64341fbbf07eceb6563bb16](https://www.notion.so/TIKI-Whitepaper-ae4b1469a64341fbbf07eceb6563bb16) + +Website : [https://www.tikitoken.finance/](https://www.tikitoken.finance/) + +Twitter : twitter.com/realtikitoken + +Discord : [https://discord.gg/pU2qj7Ja8h](https://discord.gg/pU2qj7Ja8h) +NotSafemооn is project which aims to expose shady behind-the-scenes tranasactions of popular tokens and put advanced, data-backed analytics in the hands of the common investor. All the mysteries and stats of your favorite coins displayed graphically for you at a click. There is much substance behind this project and I believe it is a true gem. But nothing said here will be as clear as if you just DYOR: + + +[Website](https://notsafemoon.com/new/index.html) | [Technical Analysis](https://notsafemoon.com/new/public/docs/MoonCoinsTA.pdf) | [Price Dump Prediction Twitter Bot](https://twitter.com/NotSafeMoon) | [Telegram](https://t.me/NotSafeMoonOfficial) | [Discord](https://discord.com/channels/831738911700287508/831738912514375702) | [Subreddit](https://www.reddit.com/r/NotSafeMoon/) | [YouTube](https://www.youtube.com/channel/UC4YPXMq5SMXBeXyStGPhekw) | [Buy on Pancakeswap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x337e35Ed5B38D5C7Ec9F8d7cF78fe7F43d7DEC6F) | [Chart](https://www.dextools.io/app/pancakeswap/pair-explorer/0x357f9cd8f2749a31119c3e32729965ca56f4cbd8) | [Moon Dashboard Demo](https://www.youtube.com/watch?v=YyWAWGd89Ac) + + +Today the developer Ryan uploaded a [video demo](https://www.youtube.com/watch?v=YyWAWGd89Ac) of the v1 Beta moon dashboard being used in real time. There are so many features that it is hard to believe this will be the FREE version available to anyone! The dashboard connects directly to the blockchain using your wallet (MetaMask, etc.) Checks the balances in real time for all your "mооn" coins in one spot. HODL'rs of NotSafeMооn will have access to advanced analytics built on top of the same system running byrdeBot, the Price Predicting Twitter Bot. View reflection gains, liquidity pool reserve balances, fee and reward exclusion data, "mооn" dev token and LP token balances, estimated time until a tokens liquidity dump, 'true' burn rate, and much more! Also shown in the video is the Bug Detector which will check any tracked token for an exploit which allows a dev to regain ownership of a renounced contract. More bugs will be continuously added to the detector, including the **flashloan exploit.** You can also easily link to the contract, buy link, and chart of any token being tracked on the dashboard. You can also **add your own custom tokens** which can instantly used with all these features. It is a bit choppy but please go check out the demo video now!!! + + +The v1 version of the dashboard will be released any day this month, and there is some serious marketing planned to coincide the release of this powerful tool unlike anything currently available on BSC. This is your chance to pack your bags!!! This 1 month old token is now 80% below ATH. There has never been a better time to buy since launch!! +What a bunch of potatoes, they are over there circle jerk complaining because the dividend yield being paid on VDHG is so **high** they will pay more tax. + +Literally complaining about making money. What kind of dumb ass finance sub complains about good economic times. + +[https://www.reddit.com/r/AusFinance/comments/o97gcm/vanguard\_estimated\_distribution/](https://www.reddit.com/r/AusFinance/comments/o97gcm/vanguard_estimated_distribution/) + +&#x200B; + +Spelling edit. +First off, I feel I am monstrously underpaid. I am a program manager at a 200+ person tech company. I have a post-graduate degree but I understand that doesn't entitle me to higher pay automatically. But if I was working elsewhere I could probably ask for twice my current salary. But I also have worked myself into a nice groove at this firm where I really only work about 30 hours a week. Mostly because I'm good at my job and I know how to navigate the organization. + +That being said, this is now the second year in a row that I have gotten an 2% pay increase as a merit increase. I have expressed to my direct superior that this is really unacceptable in the current economic climate(high inflation, low unemployment) and that I am disappointed the company doesn't value us enough to keep us from jumping ship; which a few long time employees have already done causing major process issues throughout the organization. + +I know the best thing to do would be to look for a new job. I've been working with a career counselor for a few months and we've been prepping my resume, for interviews, linkedin profiles, etc. But that would mean putting my work life-balance on the line. + +My boss suggested I reach out to HR and have them run me through the numbers as well as ask for more money based on what I've described. But, and this is why I like my boss, he told me not to put any details into my email other than I just want to talk because my words can easily be taken out of context and used against me if I put them in an email. Should I bother? + +I always have the attitude of, "it won't hurt to ask," but will I be essentially fired for asking for more money? If I do meet with HR, what types of things should I be armed with to make my case? Any topics I need to make sure I avoid? I have my job description and I'll be going through it with a fine toothed comb to see where my real duties are above and beyond the written description, but will they care? Will they care about the market forces and why they should be doing everything in their power to keep people on staff and not provide them with an incentive to leave? Should I be ready to quit if they stonewall me? I have a decent nest egg built up but I do have plans to spend a chunk of it this summer on house renovations so now would be a pretty bad time to have zero income coming in. + +TLDR: 2% raise?! In this economy?! Should I quit or talk to HR? + +Anyway, any thoughts or idea would be helpful. Please let me know if I should post this elsewhere. Thanks. + *Disclaimer: I am not a financial advisor. This entire post represents my personal views and opinions, and should not be taken as financial advice (or advice of any kind whatsoever). I encourage you to do your own research, take anything I write with a grain of salt, and hold me accountable for any mistakes you may catch. Also, full disclosure, I hold a net long position in GME, but my cost basis is very low, and I'm using money I can absolutely lose. My capital at risk and tolerance for risk generally is likely substantially different than yours.* + +Wow, what a week. All I'll say on that for now. I'll maybe do a recap of Friday at some point this weekend if I can. + +For this post, rather than a narrative recap, I'll go into some very light technical analysis on a couple of screenshots from TD Ameritrade Thinkorswim and Ortex. I don't have a lot of time to go very deep into everything I normally do, but I wanted to give the newer traders an example of how I go about coming to some of my conclusions. + +Some of the conclusions I came to in the heat of the moment in my previous posts may also not stand up to more rigorous scrutiny of the data. In my opinion, at least, it's very important to ensure that you go back and review any of your high conviction trades from time to time. Please feel free to use the charts I'll show to challenge some of the assumptions I may have made and written about while watching the live ticker tape action, social media, and other high-frequency sentiment indicators (things I might rely on for a hyper-realtime momentum monster trade like GME has been this past week). Maybe use them to challenge your own thoughts and assumptions as well. + +I realized while doing this that writing those prior articles probably cost me \~$300k in momentum trade opportunity LOL, since I used all of my free non-trading hour time to write instead of do an even more in-depth version of what I'm going to show you now. That being said, if that writing helped any of you understand what was going on, and ultimately progress on your way to becoming better traders and investors, that to me is well worth it--maybe one day you too can pay it forward! + +If any of you reading this are chart jockeys, please share some tips if you have them. + +First, the charts (links since pics aren't allowed on this sub) + +1. [Ortex Short Interest Data](https://u.teknik.io/oSTxt.png) +2. [Daily Summary of the Week](https://u.teknik.io/7lF58.PNG) +3. [1/26/2021 Mini Squeeze Hourly](https://u.teknik.io/QHqt2.PNG) +4. [1/28/2021 to 1/29/2021 Fibonacci Retracement](https://u.teknik.io/VoiPc.PNG) + +# Fundamentals - Ortex Short Interest + +First, lots of questions on the prior post about Short Interest remaining on GME so I'll start with this one. Looks good to me. I think Ortex will update end of trading Friday data just before/around Monday market open. I consider this chart to convey mostly fundamental data, as the underlying value thesis behind the recent push by retail traders has at least recently been about the squeeze. This is the type of data you'd use to try to analyze data about the security being traded. Note that most pro traders would not consider short interest to be a 'fundamental ' attribute, and normally I'd agree, but I think GME and maybe some of the other high SI plays are an exception to that. + +If any of you are inclined to feel jumpy about the diving lines on the chart, make sure to look at the axis values on the left. The chart is calibrated to capture the movement over the period, so the bottom of the axes are not 0. + +A few things to note: + +1. Short interest drops substantially from 1/26 into 1/27 +2. Volume is shrinking +3. Remaining free float on loan has gone down, but at 66% as of Thursday, is still quite high + +# Overview - Daily Chart & Summary of the Week + +A few things going on here + +1. The big volume days on Friday, Monday, and Tuesday are when it seems to me that the greatest retail momentum would have occurred. The battles were pretty intense at key price points if you take a closer look at those intra-day charts. +2. Big picture here, what it tells me is that many if not most of the retail share volume was acquired at or below $148 on huge volume. That means the core of your retail support, and the majority of shares in WSB diamond hands would have been bought probably between the $30 and $148 price range. My guess is that Only DFV the DFV early acolytes, Dr. Burry, and the institutional holders have meaningful volume below $30. +3. Given points 1 and 2, I'd consider the $148 price level as the critical defense level of your earliest, hardest retail support. You can dive deeper into the 1/26 trading day and possibly make a case for other levels as well, but I'll roll with that for now. +4. Ok, so maybe the Melvin guys weren't really lying. The Ortex data showing short interest drop from 1/26 to 1/27 coinciding with the massive and sudden price dislocation upward on 1/27. +5. If new shorts entered the game it would have been near the highs, possibly selling into the forced buying of what I'll just assume was the overnight Melvin squeeze and into the early market hours on 1/28. Possibly aggressive momentum shorting on top of the Robin Hood BS, the bots, and the networking issues came together in a perfect storm with that HFT ladder attack on the vertical dive. Wow--no wonder that thing was so intense. +6. As you can see on that downside wick on 1/28, the huge momentum briefly pierced the Retail line before being slammed back up. We'll take a closer look in the fibonacci chart. + +# Analysis - Mini Squeeze Hourly + +Just a few notes. I checked and the after hours volume here was sudden, quite unusual, and pretty consistent with a forced liquidation of a substantial position. Rather than slamming it all out at once, the broker spread it out quite a bit. Some takeaways: + +1. If you wanted to take money from Melvin, this was the chance, and a lot of people (or a few whales) certainly did. The numbers in my summary were very quick mental math of the hourly volumes in overnight trading +2. The price didn't break away as aggressively as it probably could have, which means there was some carefully calibrated pre-planning to unload a bunch of shares, laddering up to the $350 level. +3. I am genuinely sorry to have to conclude, therefore, that the WSB bros with the $420.00 limit got scooped. Something on the order of 17 million shares worth of Melvin dollars got cashed out under them by a HFT whale with access to firehose shares at Melvin's broker all the way through overnight trading. few retail even have the ability to trade for that entire window, and certainly not on the order of 17 million shares anyway. +4. Another important takeaway: 17 million shares is a lot, but it's nowhere near the entire original SI in GME. The Game hasn't necessarily Stopped yet (heh). + +# Technical Analysis - 1/28 to 1/29 Fibonacci Retracement + +For those of you who are unfamiliar with what traders call "technical analysis", it's really just a fancy set of words to say looking at squiggly lines, bars, etc. on charts to try to figure out what's going on. + +One particularly popular tool is called a fibonacci retracement. It sounds a lot fancier than it is, but it is extremely useful, and extremely commonly used by momentum traders (which is partly why it's useful--if everyone is trading off of the same thing, it's a self-reinforcing bias in the market). There is a lot of background reading you can do on the topic--I recommend it. You'll be a better trader and even investor for it, as it tends to be useful even on longer timeframe charts. Kind of uncanny really. + +Looking at this chart I realize I probably should have plotted the 'retail line of defense' here too. Oh well, maybe next time. + +Takeaways: + +1. I figured the relevant trading range going forward was peak euphoria to peak despair in regular trading on relatively good volume. That happened to be the top to bottom move on the Robin Hood news. +2. Using that for the fibonacci retracement, you can see how much of the trading action bounces around between the various levels before settling in scarily accurately into the 50% - 61.8% channel in after hours trading. +3. it's quite possible that short-term equilibrium on this battleground stock is $300 to $350 until either side makes a strong push. Price was trapped in that range toward the end of normal trading on relatively good volume. +4. Probably a bunch of momentum traders drew exactly this retracement (or something very similar) for their rest of day trading after the floor got put in near the retail line of defense. In all honesty it's hard to say if the tool works because of some fundamental reason or because everyone uses it so everyone times their momentum plays off the same playbook, making it self-reinforcing. All that matters in the end is that it works pretty consistently once you get used to working with it. +5. Below the price graph, pay attention to the volume bars below. It's especially critical when trading momentum to understand the relationship between share volume and price, as there are patterns that are more likely to play out depending on the relationship. For example, when price is moving around a lot, is it doing so on high volume or not much volume? +6. Traders tend to overshoot a little on each push, so even if price ultimately drops lower after an upside spike, if the volume on that drop is low compared to the upward push, that actually tells you that it's likely to go higher a little later on. There are many sites that go more in depth into this kind of thing (patterns, volume and price analysis, etc.), and it is incredibly useful to try to understand what to take away from price and volume movement as you watch it unfold live. + +Lots more going on here, but this post is getting pretty long already. + +# Other Takeaways + +* The whales in the pond obviously do their homework (that's how they got to be that big, after all), and they were therefore prepared to act decisively to unload 17 million shares at the upper end of the trading range when Melvin got blown up. That's how you make big bank on big volume--do your homework. +* My thesis in the [part 2 article](https://www.reddit.com/r/investing/comments/l6xc8l/gamestop_big_picture_the_short_singularity_pt_2/) that the big early drop before retail pre-market was a short-side scare tactic could very well be totally wrong. You could make a case either way that it was a new short-side player diving in at a higher price point, a long-side whale making bank, or a combo of both. if you check the Ortex data against the numbers here you can probably come up with an order of magnitude educated estimate. If so, apologies to the CNBC Squawk Box crew--probably no factual inaccuracies in your reporting (though the tone did make a lot of retail panic) +* Ironically, it might very well have been the continued unwinding of Melvin's short position that intercepted the panic drop into premarket rather than a long-side heavy hitter. LOL. +* Thursday afternoon and Friday were low volume, low-conviction momentum sloshing around. Dueling HFT algos and momentum traders trying to scalp alpha from each other is my guess. +* Contract expiration may cause a price dislocation into the new trading week, so I'm not sure the fibonacci retracement chart is still useful. +* I'm sure if I go back over my previous articles and compare to the chart data more carefully I'll find all kinds of other inconsistencies with my realtime thoughts. It's key when trading, at least in my opinion, that you are willing, able, and indeed eager to go back and rethink your assumptions, no matter how much you liked them. Challenge and verify with data whenever possible. Not doing that is how Melvin got blown up, after all. +* My worst case scenario thesis in the [part 3 article](https://www.reddit.com/r/investing/comments/l7qlfh/gamestop_big_picture_the_short_singularity_pt_3/) may still be valid depending on the total amount of short interest loading up into GME at these newer highs. I remember hearing some fund manager talking about shorting GME at the $400 as a stabilization mechanism. Wow.. short something with the most hyper volatility of any $1bn+ stock I've ever heard of... for stability. That's not a word I'd ever associate with a WSB meme momentum rollercoaster stock. +* An infinity squeeze is still totally on the table, as long as sufficient short interest remains. The strategy and tactics you'd use to get there may have to be different though, as price ratchets up into higher bands. I'll keep those thoughts to myself--for sure those WSB guys have a plan. They've proven to be scary effective so far after all. + +There are other things you can take away, or theses you can come up with from these and other charts you may have access to. Hopefully, for you newer traders I've given you a useful glimpse into how I might try to use readily available data to improve/challenge/refine a working thesis to ensure I'm better prepared for the days ahead. You should find the tools that seem to work best for you. + +Hope you all have a good weekend. See you on the field on Monday. +I've been thinking a lot since last night. Cause some shit is just not adding up. + +For months I've sat here and lauded options, I've tried to point out how they apply massive pressure to the options writers (market makers), Authorized ETF Participants, Volatility Swaps, and ultimately those short GameStop. + +I have spent countless hours explaining how January presents an opportunity for retail to use these leveraged positions to apply pressure to theses entities at a time when they are weakest and their positions are most exposed. + +I've stood my ground in the face of the massive FUD campaign thrown at u/criand, u/leenixus, u/Turdfurg23, u/zinko83, u/bobsmith808, myself, and many others, these last several months. My viewers/followers and I have been called shills, pickle lickers, anti-drs, simps, and liars. I have had my discord, YouTube, and reddit posts repeatedly taken out of context for what I can only describe as "hit pieces" here on this sub. Yet, I held firm to my thesis because I believed in it. + +I've taken down my "monetized links" and stopped sharing links to my DD to stop "brigading" because my posts got too many upvotes, I've sat by while hours of research were flaired as "possible DD" and "technical analysis" in an effort to discredit it, because a small vocal group of people pushed very hard for the mod team to do so (hard enough that they couldn't be ignored). But, I kept posting, because I wanted as many people to know as would listen. + +I have been posting on this sub since the day Warden walked away for "school stuff: and long before the drama that later ensued. I had not done anything different than I had done for the previous eight months, besides post a DD about options... + +Last night GME ran up $45 dollars at it's peak on the back of 890k volume in after-hours, for what I can only describe as **absolutely no fucking reason**. + +* XRT begins it's threshold process today, not last night. +* GameStop didn't release any press statements, whatsoever. +* FTDs are still minimal till next week. +* The "news" articles that came out last night didn't tell anybody anything they didn't already know. + +**So, I have to sit here and ask myself, Why?** + +Why go to the effort of such a massive cover-up, why burn $112 million dollars worth of puts bought in the last week to stabilize price while low volume FTDs were covered? + +**Because the other day** [**this video came out**](https://www.reddit.com/r/Superstonk/comments/rww52i/wall_street_veteran_charles_gradante_calls_out/)**, confirming what Thomas Peterffy had said** [**earlier this year**](https://gmedd.com/opinion/interactive-brokers-gme-was-headed-to-the-thousands/)**, and suddenly vindicating my DD and thesis on retails power through options.** + +All of this at a time when GameStop's price is lower then it had been all year and options were cheap. + +So what really changed? Why did they shift their tactics so rapidly? + +# People started buying options + +https://preview.redd.it/j1wfpsf3taa81.png?width=922&format=png&auto=webp&s=00761419d612cfd02afd7cfb2a0e954a7f36e208 + +Not the 0-DTE or cheap weekly shit retail normally buys, far dated ATM and Slightly OTM calls, **the ones with the good delta**, the one's that put massive pressure on their long-term synthetic hedging strategy. Even the degenerate gambler's at the sub-that-shall-not-be-named started FOMO'ing yesterday. + +So their response is simple, it is direct, and it is effective. + +# They are pricing retail out, they are gonna pump IV enough on the back of their fake media epiphany, to turn off the buy button one more time, pricing retail out of those exact far-dated calls that put the most pressure on them. + +Worse yet put pressure on GameStop to announce something to correct their false narrative. + +They are exposed, cornered, and desperate. u/yelyah2 is already showing an increase in Delta Sensitivity again, the last time it spiked they shorted an entire sector... + +&#x200B; + +I've always viewed MOASS as self-fulfilling, if retail wanted it badly enough they could take it. + +To me, this entire movement has been a strategic cornering of an overexposed short position. + +Well, here they are making mistakes, taking risks, cornered, desperate. + +**Are you going to let them catch their breath?** + +&#x200B; + +\- Gherkinit 🦍❤️ + +https://preview.redd.it/n772nn0bw9a81.png?width=2280&format=png&auto=webp&s=af3d3ce8528b04332935c326c135f4f444b06556 + +**Disclaimer** + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +Tenant is complaining that hot water for shower does not last long enough. I turned up the heat to max on the hot water tank and they are still complaining. I have lived in this unit myself and didnt have an issue, just thinking they are taking very long showers. + + Is there a specific amount of time that hot water should last? And what would be the temperature? +First of all... Congratulations on making through the months of crazy illegal and manipulative price phase of Pre-MOASS GME. You thought this was the tough part...? You are so wrong... Are you ready to talk about some uncomfortable truths about what we'll be facing during MOASS? Let's go... + +Let me preface this by saying that only you are in control of when you need to to close your position. This is not financial advice. No one can tell you when the right price or time will be. Not even this post or any post on any subreddit or social media. Everyone has things going on in their lives that will require them to do what they need to do. With that said... Let's address what we will likely see. + +Be wary of Media/Social media: + +Shame and discouragement is already displayed everywhere. "FORGET GAMESTOP" and "INVEST IN THESE OTHER STOCKS!" are some things we're already seeing. You think it's at it's peak now? It'll be even crazier when the price is mooning. Retail will likely be blamed for the immoral actions that Wallstreet caused. They'll likely directly demonize you for "causing" this. Social media will be littered with screenshots of closed positions with massive gains to pressure everyone to close their positions as well. Many of the braggadocios posts will likely be from bots and shills to negate the damage done by irresponsible Wallstreet Hedge funds. This psychological attack of FOLO (fear of losing out) alone will be very difficult to push through. This feeling is experienced by very few and is difficult to manage even from the experts. Why? Because we are humans. Are you mentally ready to encounter and push through this? Know your price... And hold true to it. I personally believe the fair price for the GameStop MOASS is at LEAST $30 million and I will HODL through it. + +Be wary of Family/Friends: + +This one will be tough. For those who have kept your position secret from your family members and friends... Good for you. For those who have family who knows about your GME position, this might be extremely tough to deal with during the MOASS. Seeing the very people you love telling you to close your position and solidify your gains before your personal price range will be a very likely scenario. Be prepared to have the tough conversation with friends and family that only YOU will have power to close out of YOUR position and the price and timing of YOUR choosing. I have close family members who I am already mentally preparing myself to temporarily isolate from until post MOASS so I can focus on my exit strategy of my choosing. You all need to prepare for your own situation. Be ready to experience the true hardship of massive gains with family members because nothing is worse than "family guilt." + +Be wary of yourself: + +No one has encountered a MOASS situation before. At least not one on the very public scale like we're seeing now. Be mentally and physically fit so you can be in the best condition to face the MOASS. In many cases in life, you will be your own worst enemy. Focus on making the best possible plan and decision so you can achieve peace of mind for whatever outcome happens. Be ready to encounter situations that you have no idea how to handle. Most likely, you'll have time... Slow down and think about your choices before you make them. You will walk out of MOASS and your play on GME will pay out. You've been patient all the months, what's another few months (if it even takes that long). + +Conclusion: + +Be prepared mentally and physically for what's to come during the MOASS. Watch out for media/social media to shame and demonize retail for causing the squeeze. Watch out for posts bragging about how much money they've made because they've closed their positions. Be careful when dealing with friends and family pressuring you to close your position before your personal goals. Know your plan and be at peace with it. Take care of yourself so you can be in the best physical and mental state to deal with the MOASS. Take care of your affairs so the least amount of outside factors will affect your decision. + +I personally plan to HODL every share past $30 million plus because we have ONE shot at this. Good luck everyone! +Don't get me wrong, everyone is entitled to their own opinion. I just think it's odd that people come to this sub about dividend investing to dissuade people from dividend investing. What's up with that? +Plenty of people are doing it every day, some have been doing it for a while and some have been doing it for a little bit. You don’t help anyone by placing that limitation on their thoughts. + + + +Also, every time you say “you can’t beat the market” a market beating fairy dies. +Title cuts to the chase. Received an amazing bonus at work. I’m still comprehending the reality of what happened and what I’ll do with it. After paying off debts and the dust settling, I have around 125k liquid remaining, and am looking for best places to invest it for stable growth. + +After fully wiping away nearly $40,000 in credit card debt (my biggest personal secret shame), and paying off other debts, I’m looking to invest the majority of what’s left. + +Prior to this bonus, I had a brokerage account w/ ~10k in it… a voyager account w/ ~4k in various cryptos, other than that no savings, besides my 401k which I’ve contributed to since my early 20s. + +After wiping my credit card debt, my only debt is a car loan I’m paying on a Lexus I got myself last year, less than $8,000, loan only $150 per month note. I may just pay it off? + +I rent my apartment, at some point I’ll likely use a big piece of this 120k on a down payment for property, but that won’t be for at least 9-15 months, so I’m looking for ideas on where to invest this for stable growth. Appreciate any ideas or help +All people learning, studying, or just interested in economics surely heard about economists like Keynes or Friedman and their arguably groundbreaking influence on economic theory. But I wonder about significant changes in economic theory in this century. Are there any and if so, which? + +Sorry if this isn't too specific. It just crossed my mind and I am not sure if there is better place to ask such a question. +As a software architect, I know how to do this technically. We will create a blockchain-based "reddit clone" as open source together. This will be the biggest Ape migration ever (your karma will be kept). + +One man can't do it alone though. I am not interested in the ownership of the clone either. It would be best if there was no owner at all. All I want free and censorship free communication, truth and nothing but the truth. + +We will need: + +* Software developers +* blockchain experts +* project managers +* graphic designers +* translators +* lawyers +* managers/CEO +* etc... + +**The work will be voluntary, no salary will be paid**. I thought after the MAOSS this will not be necessary for you. + +So if you want to be part of it, if you think you can help, post here. If Reddit is so insane and decides to IPO, we will get started. + +**And the most important at the end.** + +>„With enough of us, around the world, we’ll not just send a strong message opposing the privatization of knowledge — we’ll make it a thing of the past. Will you join us?“- Aaron Swartz + +&#x200B; + +**EDIT**: Guys this is unbelievable. I will need days to read through everything. + +I thought only a couple would response. Now look at this. How can the HFs even dream of a chance to win? + +This spirit is insane. Thank you guys for the support. + +**EDIT#2: Blockchain-Based?? WTF?** + +There seems to be confusion as to what was meant by Blockchain-Based. + +Here are a few keywords: + +* Decentralization (main feature) +* developers and hackers are not able to get the (private) user data. It is at least extremely difficult. +* It is impossible for a hacker to manipulate contributions afterwards +* It is impossible for a person (hacker) to exclude or disenfranchise a user. community has that under its control. (remember why we already have two sub migrations behind us?) +* Example: Loopring donation instead of award. +# + +# 🚀The much anticipated relaunch of Vival happened yesterday after the Devs stealth launched the token to combat bots. The relaunch and airdrop to V1 holders was a success and Vival is now Live for trading. + +# The Revival dApp also went live with its own DEX and Staking Pools. The dApp is so clean and easy to use. Follow the link below to check it out for yourself! + +📱 **dAPP:** [*https://rvl.finance/*](https://rvl.finance/) + +&#x200B; + +**Join the community of this amazing token by joining their original projects telegram:** + +📱 **Telegram:** [*https://t.me/revivaldefi*](https://t.me/revivaldefi) + +&#x200B; + +**💲Where to buy Vival (VVL) token? 💲** + +**🚀 Revival DEX:** [https://rvl.finance/swap](https://rvl.finance/swap) + +🥞 **Pancakeswap:** [*https://pancakeswap.finance/swap?outputCurrency=0x4666e77fa1a7f6749e48b533ef500587b094f61c*](https://pancakeswap.finance/swap?outputCurrency=0x4666e77fa1a7f6749e48b533ef500587b094f61c) + +&#x200B; + +👉 **What is Vival token?** + +$VVL is the partner token to Revival and is developed to enable ease of access to the Revival system as well as provide additional rewards and abilities to holders. Holders of $VVL are taken in as family members of the Revival DeFi ecosystem given a say in the direction that the ecosystem takes. + +Vival is **low supply and is tax free** allowing for trades and transfers to take place without losing any of your position. Take charge in the future of DeFi with Vival! + +👉 **Give me some information about the team of Vival!** + +✅Same team from Revival, as it is part of their ecosystem + +✅Core team doxxed and active 24/7 + +✅Official partners of DessertSwap finance + +✅Huge community events and giveaways + +✅Games, movie nights + +**📈Revival ($RVL) Address BSC:** + +0x7eaee60040135f20f508a393ca400ded339d654e + +**📈Vival ($VVL) Address BSC:** + +0x4666e77fa1a7f6749e48b533ef500587b094f61c + +**🌟Is their other project $RVL listed on Coinmarketcap or Coingecko? Yes! Both! 🌟** + +[*https://coinmarketcap.com/currencies/revival/*](https://coinmarketcap.com/currencies/revival/) + +[*https://www.coingecko.com/en/coins/revival*](https://www.coingecko.com/en/coins/revival) + +**💎Tokenomics of Vival:** + +Initial Supply: 2,500,000 + +Tax: 0% + +**🔗 Join the community and feel the great vibe!** + +Vival token’s team has provided you with few platforms where you can engage and communicate with other people in the project. There you can get in touch with the team and ask them anything you want! I did it myself and they responded flawlessly. + +**🌐 Website**: [*https://revivaldefi.com*](https://revivaldefi.com/) + +**📱 Telegram**: [*https://t.me/revivaldefi*](https://t.me/revivaldefi) + +[**🎮**](https://old.reddit.com/r/CryptoMoonShots/comments/pyw3w0/welcome_to_the_minififatoken_doxxed_dev_90_burn/)**Discord**: [*https://discord.gg/revivaldefi*](https://discord.gg/revivaldefi) + +**🕊 Twitter**: [*https://twitter.com/RevivalDefi*](https://twitter.com/RevivalDefi) +You are limiting yourself to a much smaller universe of stocks when you require a monthly dividend distribution. + +If you need a dividend payment every month for income, why not find three dividend stocks that pay a different month each qtr? +Look, right now is the easiest time in history to get credit to buy a home. If you can't convince a bank that you can be trusted with the money, there's a very high likelihood that you aren't actually responsible enough to own and maintain a home. If you are, all you have to do is prove it. I was shocked at how easy it was after listening to people like you my whole life and thought it was some gated club I'd be kept out of forever. + +There are tons and tons of affordable homes being sold every day. There are homes in some places they are practically giving away. Now let's get to the real root of the problem. You don't want *a home* you want *an expensive home in a very high demand area* simply by right of you saying you deserve it and ignoring what others sacrifice and work for it. + +But what do I know, I must just be extremely privileged, being a multiply-disabled part-time restaurant worker with zero family support. Tell yourself whatever you want but if I can do it almost anyone can. The best part is that I would love to help other poor people buy homes and build wealth and communities through house-hacking but typically the response I get is just disgust because I guess apparently the solution to bad landlords and bad property management is to complain about it endlessly instead of buying the buildings and doing better or moving to places you can afford. +Alright so long story short I'm 23 years old and the most I've ever made in one year was 40k. I recently got a promotion at work that will earn me 100k+ (I discuss salary today). I really suck with money. Bills and filling my fridge cost me about 3k a month. My biggest problem is not being able to save money. I always dip into it when my checking account is running low. My goal is to put away a good chunk of money and maybe invest 500-1000 every month. + +I have a child on the way and I need to make sure I get my shit together. The promotion was perfect timing but now I have to make sure I don't blow it. Anyone out there have any advice for how much to be putting away? How can I hide money from myself? Whats a good way to start investing? How can I discipline myself better so as to be more responsible with money? I really just need the most advice possible so even if you aren't answering one of these questions, please leave your thoughts below. Thank you. +Hi everyone, + +I've seen a bunch of posts/comments (and have been the target of many) that seem confused over a stock split vs a dividend. I wanted to clarify my understanding of the corporate event that just took place. I will say the following is how I understand it at the moment - I'm not infallible, this could be partially incorrect. I am not posting this for any reason other than to try to clarify some things that appear to be confusing a lot of people (and frankly a lot of brokers). If I'm wrong, I will edit this, and make sure it stays as correct as I can make it. + +First and foremost, it was a stock split. This is really important. Gamestop was crystal clear on this point in their press release: + +https://preview.redd.it/pcjsllp9m5f91.png?width=1148&format=png&auto=webp&s=6a34f3b4cc4747e2c33e9936d201daa82e1c50a9 + +This is a **split**, in the form of a **stock dividend**. Now, the first reason it is VERY important that this is a split is that there would be tax implications otherwise. If this was a straight dividend, you would have to pay taxes on it - cash dividends are taxable, and my understanding is that normal stock dividends are a taxable event too. Here's [something from Cornell](https://www.law.cornell.edu/cfr/text/26/1.305-1) that clarifies that receiving a stock dividend means receiving the value of that stock dividend, and that according to Treas. Reg. § 1.305-1(b) stock dividends are taxed on the fair market value of the stock on the date of distribution. + +So I think it's important to understand that this is a split first-and-foremost, so that it is NOT a taxable event. Next the question becomes how is the split being distributed? It's being distributed as a dividend (which is why I've referred to it in the past as a split-via-dividend). This means that instead of brokers just adjusting their books and records on the split date to reflect an increase in the number of shares someone is holding, Gamestop distributed actual shares that have to be sent to all shareholders. Distributing as a dividend is unique for a stock split - it's happened before, but it's not common. That's why many brokers did adjust your holdings on the ex-date, but that wasn't backed up by actual shares because it took time for those shares to transit the system and get to your broker (if they did, of course). + +Since this is a relatively unique way of doing it, most brokers are probably treating it as a plain vanilla stock split, because, again, it is a stock split. Their systems are setup to accommodate stock splits, books and records will do so appropriately, there shouldn't be any additional transactions, and MOST IMPORTANTLY there shouldn't be any taxable event associated with it. + +The fact that some brokers are really struggling, especially for those of you who DRS'ed in between the record date and the distribution date, suggests that these brokers have hit an edge case that their systems weren't designed for (and of course there are other possibilities as have been extensively discussed on this sub). But I'm not surprised at the posts that show that brokers are treating this as a split, because it is a split, just distributed differently. I think that distribution mechanism has revealed some problems, but I'll leave that discussion for another time - maybe the company is watching and hopefully looking to protect their investors. + +I hope this is helpful. + +EDIT 1: One of the main edge cases I've heard of is from those who were in the process of DRSing in the midst of the split. This is obviously unique as compared with the examples everyone keeps pointing to - GOOG, TSLA & NVDA. It's not that it hasn't happened before, but it is unique in terms of how closely you are all watching everything, and in the midst of the push to DRS the float. The other issue is obviously foreign brokers, and I'd certainly be curious if those other games had similar issues. + +Some have also suggested that stock dividends aren't taxable events when you receive them, only when you sell. I'm not an accountant, so I may be misreading the link above, so please never take anything I say as tax advice! But I read it that there are issues because such dividends CAN be received as cash, so they're treated as such. Again, not an accountant. +I noticed a weird charge in my statement that pays my amazon store credit card off. It's listed as security 5. I didn't know what it was but the amount kept going up as my card balance went up. + +Called the number and the guy answered then danced around what the name of the company was and what they were charging me for. Eventually he slipped the word synchrony and that dinged in my head the bank that issues the amazon card. So i googled (all this while still trying to get this guy to tell me what this charge was for) and found that it's an automatic form of insurance that you are put on when you open the card. It's 1.66% of your balance monthly and you have to opt out by responding to a single piece of paper mail that gets sent sometime when you open the card. + +Now im getting frustrated that this guy isn't saying what the hell his company does when he just changes gear and says the full balance will be returned and the service stopped. + +It was over 1800 dollars since 2014 + +I'll have it back in 3 days i was told but check your statements people. + +Edit: even if you use the 0% for 12 months on large purchases (which is how i typically use my card) it still charges their fee every month + +edit2: i had to go to amazons chat this morning as it was still showing as being active. the representative was polite and disabled it immediately, saying the refund will come in a 1-3 weeks credited to my card. + +edit 3: I was credited back the money this morning. ~12 hours after chatting with support + **Do You Want To Dump |The Next Coin Or Join A | Project With A Real Long Term Vision** + + GYM NETWORK is a DeFi Aggregator Investment System combining the best yields with high rewards for its users. Thus providing easy access and saving you a lot of precious time. + + And it’s still getting better because now with GYM NETWORK you finally have the chance to generate true passive income via profit sharing through the integrated affiliate system. + + **DO NOT MISS OUT ON THIS CHANCE** + + Stop wasting your time searching around the internet for the best interest rates or highest yields in DeFi. + + You’ve got them all in one place now. + + Easily accessible for everyone. + + **PANCAKESWAP V2 POOL** + + **GYMNET** + + **Total liquidity: $10,599,000** + + **Daily volume: $1,762,794** + + **Holders: 7,656** + + **Total tx:** **14,604** + + **Total Market Cap: $225,189,400** + + **99/99 Score on Dextools** + + You DO NOT want to miss out on this awesome opportunity. + + **Join the GYMNET community now for the latest infos:** + + [https://t.me/gymnetwork\_english](https://t.me/gymnetwork_english) + + **Website:** + + [https://gymnetwork.io](https://gymnetwork.io/) + + GYM NETWORK - A DeFi Aggregator Investment System + + **Key Facts:** + + DeFi + Affiliate Marketing + + Various Passive Income Opportunities + + Starting From 0.05 BNB + + Deposit 100% Available Any Time + + Earn Profits + Receive GYMNET Rewards + + 16 Level Ranking System + + Up To 45% Commission from the profits and minting rewards + + Global Pool Share + + Strong & Experienced Team + + Audited by Certik + + [l](https://i.imgur.com/dqiQ8e4.jpg) +Last month I cashed in on an experiment I started 5 years ago. I read about this idea to save a $5 dollar bill every time you had one on yourself. So I decided to give it a shot and start in August 2012. I never created change with a fiver on purpose nor went out of my way to exchange bills. I just set aside a bill when I came home from work or a night out, slowly adding to the pile and never withdrew. + +Considering I seldom use cash I was curious to see how much would be saved over this period of time. It ended being a bit more than I expected with the final amount of $2285. Not too shabby, might have to start this again sometime. Anyways thought I might share this idea here, not sure if it belonged in r/frugal or not so I apologize in advance if it does. It's a neat little experiment to save money you don't miss. + +https://i.imgur.com/dAN6IBX.jpg + +https://i.imgur.com/kKzthZM.jpg + +Edit: I should add this wasn't meant to be a primary source for savings. I just wanted to see how much liquid I'd amass over the 5 years. I have separate accounts for my personal finances. +[https://www.vox.com/policy-and-politics/2020/4/1/21202900/kelly-loeffler-stock-sales-coronavirus-pandemic](https://www.vox.com/policy-and-politics/2020/4/1/21202900/kelly-loeffler-stock-sales-coronavirus-pandemic) + +&#x200B; + +Kelly Loeffler and her husband dumped retail stock and bought shares in a company that manufacturers medical supplies. Her husband is [Jeffrey C. Sprecher](https://www.google.com/search?newwindow=1&rlz=1C5CHFA_enUS874US874&sxsrf=ALeKk02gN387yWP0YO4J6eaOw_afhpUiuQ:1585805586640&q=Jeffrey+Sprecher&stick=H4sIAAAAAAAAAONgVuLSz9U3MC4vyypMe8Toyi3w8sc9YSmbSWtOXmM04-IKzsgvd80rySypFNLgYoOy5Lj4pJC0aTBI8XAh8XkWsQp4paalFaVWKgQXFKUmZ6QWAQDWwO_caQAAAA), an American businessman, and the founder, chairman, and CEO of Intercontinental Exchange, and chairman of the New York Stock Exchange. Both of them benefited from stock trades worth millions of dollars shortly before the general public was alerted to the severity of the Covid-19 crisis, selling off shares in industries that have been adversely affected by the coronavirus pandemic and buying shares of companies that have benefited + +&#x200B; + +Loeffler, who sits on the Senate Health Committee, first began selling stocks on January 24 — the same day that committee held a private all-members session on Covid-19 — and continued making trades in late February and early March. + +According to her latest financial disclosure, her largest transaction involved the [**sale of $18.7 million in Intercontinental Exchange stock**](https://efdsearch.senate.gov/search/view/ptr/829529d5-698a-4b58-9af0-8a189cb7a6a8/) in three separate deals dated February 26 and March 11. Intercontinental Exchange operates global exchanges for several financial and commodity markets — and since Loeffler made her first sale, its stock has fallen by 16 percent. +UPDATE CAN BE FOUND HERE: [https://www.reddit.com/r/realestateinvesting/comments/sq3nhu/what_adventures_await_update_to_hoarder_property/?](https://www.reddit.com/r/realestateinvesting/comments/sq3nhu/what_adventures_await_update_to_hoarder_property/?) + + +Purchased a property at auction in Broward County, FL. It is a 3rd floor condo. I have been watching the property and talking to the neighbors. Nobody has seen anyone go in or out in months but they say the person that originally lived there never came out or opened the door for anyone. The person downstairs said they used to hear footsteps occasionally but haven't heard anything in a while. + +There was a business card from the courthouse that was put in the door frame indicating that the property was being auctioned and it must have been there for at least 4+ months going by the date of the foreclosure judgements. The door is such that you could not open the door and then put the card back from the inside. It could only be put back on from the outside. + +When you see the property at night there is a light on in the living room but all the neighbors say that they have never seen it off. + +I took title last week and am ready to drill out the lock. I'm like 98% sure that nobody lives there but what if the person has just never opened their door for the past 4-5 months and is living inside sustaining on hoarded cans of soup? + +If I drill the lock, open the door, and see them sitting there I have to follow the squatter and eviction laws of the county but do I just put a new lock on, hand him one of the keys, and let him know that I will be filing eviction proceedings? Has anybody else run into this issue? + +UPDATE!!!!: Well Ladies and Gents, I am still alive! At the end is a link to pictures so you can see the place. I went to the unit with another person and called the police. They said it was going to be 30 minutes for them to show up so I decided to move ahead. + +One knock.... No answer + +two knocks..... No answer + +I started to drill out the locks and thought I could hear a voice inside but it was really muffled. At this point, I'm thinking maybe someone will open the door wondering what the heck I'm doing but nothing. I just keep drilling. 4 drill bits break while I'm drilling. Maybe it's a sign. Say a quick prayer that this guy isn't standing on the other side of the door with a shotgun drawn for when I bust through. + +Getting closer and closer and finally the door pops open. I immediately see a whole bunch of trash all over the place, there is a light on in the kitchen, and the TV in the kitchen is on, but no person. I quickly look in the kitchen and around the areas getting enough light from the kitchen to see. No sign of anybody. Just trash. Lots of trash. + +I start moving like Solid Snake through the apartment thinking this guy is hiding in some big pile of trash or around a corner. Nothing in the kitchen other than a ton of trash, dirt, and a TV blaring the news. I head into the living room with my phone flash light on and drill in my other hand. I guess I was just going to attack him with the drill if he popped out. Seems like a really bad plan but I'm feisty. + +Flip the light switches and the chandelier turns on. More trash, furniture buried under mountains of old newspapers, Fedex delivery packages, and boxes of rubber gloves. Honestly, like boxes upon boxes of rubber gloves and rubber gloves all over the floor. Thank god he cared about touching dirty stuff. You have to draw the line somewhere. + +I know the layout of the units and there is a bedroom in the back and a bedroom in the front. I check the first bathroom in the front and it's destroyed. It didn't smell awful but I have no idea what was all over the floor. Cobwebs all over the place. It's the type of place where the bugs come in and take over but after enough time even they all die. How long has this place been empty? I look in the laundry room and there is a wall of trash bags but the space is cleared where the washer and dryer are. It's almost like a little kid built a fort. How he got in and out, I don't know but he made sure when he got in he could do his laundry. Time for the first bedroom. + +I go to open and the door is locked. I look and it's a full blown keyed lock to the bedroom. I'll have to drill it out too if I'm going to get in. If the voices I heard before weren't only from the TV, maybe this guy got up and barricaded himself in the room. Probably a rifle pointed at the door from the other side like Kevin McAlister. I decide that I'll search the rest of the place first and leave them inside the bedroom till I know it's cleared. + +Meanwhile, the whole time the person I brought with me is just standing there asking the walls how anyone could live like this. Obviously unconcerned about his safety, I debate just using him as meat shield but decide against it. + +I go to the back bedroom and jiggle the door handle. It's open. I flip the light switch but nothing turns on. The room is cluttered but not trashed at all. Almost like the room was off limits. There are some medical care things, walkers, bed pads. Must have been the room of someone that passed away and it was left exactly as they left it. Bathroom is connected and it needs some TLC but not nearly as bad as the other. Everything is clear. + +Now it's time for the bedroom showdown. I get ready to drill the lock out. Knock on the door and ask if anybody is in there. Say I am going to drill the lock out and don't want any trouble. If you're in there, just tell me. I start drilling. + +Another 4 drill bits break on this door. Damn Ryobi metal drill bits are as trash as this condo. + +Who would lock an inside door with a key lock when they're the only ones living there? Something doesn't seem right but none of this has seemed right from the beginning. Finally get the lock drilled but can't push the door open. Call my friend over to help me push and get the door about 6 inches open to see a bunch of filing boxes stacked in the way. Talk through the hole to ask if anyone is there. Lights are off. No answer. + +We finally push hard enough to move the whole stack of boxes and get the door open enough to slide in, suck my waist in as much as possible and close the door. Flip the light switch and lights come on. More boxes, not so much trash, but tons of files. The whole place has been searched and nobody was found. I'm confused about how the guy would have been able to push all the stuff against the door and then get out. Did he climb through his window and go back around? That's James Bond sh*t, nobody does that in real life. + +To deliver on content for all of you, I go through and take a bunch of pictures showing how bad of shape the place is in. My best guess as to what happened is that someone was living with there with their mom. Their mom passed away and it all went to hell. They kept her room as a shrine to her but almost never left the place. She had a bunch of cool things, maybe some are worth money and can be resold to help pay for all the reno work this unit will need. I bought well but I don't know if I bought THAT well. + +All in all it seems like it needs a hoarder cleaning service and then to assess the full damage. I already assume new windows, floor, kitchen, bathrooms, front door, and water heater. + +While I'm thinking of this list of stuff I realized one thing. I didn't check the closet in the second bedroom.... There was too much stuff in the way for me to get in.... He's probably back in the kitchen watching TV... Good god. + +TLDR: Drilled the door, found trash everywhere, light on in the kitchen and the TV on but no body and no living person. Forgot to check one of the closets. Going to haunt my dreams tonight. + +PHOTOS: [https://imgur.com/a/vvlYBjk](https://imgur.com/a/vvlYBjk) +The nominal GDP per capita is [65k USD](https://www.google.com/search?q=Singapore+gdp+per+capita&rlz=1C1JZAP_enUS928US928&oq=Singapore+gdp+per+capita&aqs=chrome..69i57.17291j0j7&sourceid=chrome&ie=UTF-8) but it becomes [97k USD](https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.KD?locations=SG) when adjusted for PPP (living costs). Why is this the case? Are living costs in Singapore really that low? If Singapore is so rich, why are [median household incomes lower](https://en.wikipedia.org/wiki/Median_income) than less wealthy nations like the US? +I'm SICK and TIRED of seeing Amazon being total POS to all their employees especially the delivery drivers, temp and warehouse workers. Everytime I interact with any of their delivery workers, they look like they're on the verge of tears from shitty hours, low wages and just straight up constant abuse. NO ONE DESERVES TO BE TREATED LIKE THAT. WTF. +Being as drunk and emotional as I am right now. I'm going to put this shit out there. I'm a fellow shareholder and a frequent GameStop customer. After MOASS, I hope GameStop sees this post and becomes BETTER than Amazon and crush their ass and wax the damn floor with Bezos head. +Gamestop. Please pay your employees a livable wage and great benefits. Insane changes are happening and that's the one thing that I specifically want in shitty corporate America. A new fucking STANDARD IN THIS DAMN COUNTRY. + +That is all. + +EDIT 2: Yes, Gamestop employees are still not being treated well now guys. Check out r/gamestop! We know that GameStops newly assembled executive team is insane and extremely bullish. We all noticed that they're listening to us apes and adding in more things to their inventory (board games, legos, electronics, etc.). With no debt, their number of employees is still growing, and them building more warehouses. It means this is a great time to voice our concerns for their current and future employees! + +My hope for them as the company as they get a more solid footing in the industry is to also train and improve their management. Better management, happier employees, happy AND satisfied customers. Straight out of the Costco playbook! + +EDIT: Good mother of god. This blew up! Thanks for the love and rewards everyone. A bunch of first awards for me! I now feel less regret after my hangover +Just looking at lists of national debt to GDP ratios, and the ones with the highest ratio are generally countries who are really not doing well with the exception of Japan. It's up there or above countries like Venezuela, Greece, Sudan, and various other places who are on the brink of bankruptcy, revolution or civil war. Am I just not aware of how bad things are in Japan? +https://ir.citi.com/_tpHpW8MfaZ1QXwGmP1JGMGXXI95qXm3IMJzUJScLMb6XIjtOls6EbDehXMR3B_o9Opi7mdc5tQ%3D + +US banking giant Citi has authored a new report which suggests bitcoin could become “an international trade currency” as it evolves. + +The report, entitled “Bitcoin: At the Tipping Point”, charts the evolution of bitcoin from a form of payment to its current status as a store of value. The authors forecast that bitcoin’s core properties combined with its global reach and neutrality could see it morph into the “currency of choice” for international trade in around seven years. + +“Perceptions about what makes bitcoin important continue to evolve and create new opportunities while increasing its perception towards becoming mainstream,” the report states. + +“A focus on global reach and neutrality could see bitcoin become an international trade currency. This would take advantage of bitcoin’s decentralized and borderless design, its lack of foreign exchange exposure, its speed and cost advantage in moving money, the security of its payments, and its traceability.” + +Citi’s report explain that bitcoin, in the role of a global trade currency, could be used by importers and exporters to pay for goods and services directly – simplifying the process of international trade. A decentralized cryptocurrency may be preferred to a Central Bank Digital Currency, it argues, because “no government or outside entity can take steps that might affect the supply of the trade currency, helping to decouple trade from political considerations.” +Suffer the pain of discipline; Or suffer the pain of regret! -Jim Rohn. +I came across this quote in the weekly mailer by Kuvera. + +My story is also in line with the quote.. + +I had a good amount of corpus that was the sale proceedings of another asset class. And post consulting an advisor, we had made a long term investment plan which had proper asset allocation, diversification, risk management, emergency fund, etc. The equity portion was comparatively higher due to the age bracket and long term horizon. So rather than investing in one go, advisor suggested STP from debt fund to equity MF, which I also very much agreed and executed. + +But I slightly reduced the STP amount to increase the spread and average it out more. And all my monthly SIP I was adding to that debt fund so that the STP keeps continuing. + +Then the big incident of Covid happened and market crashed. Initial I was very happy because I could get more units for the same price. But I still kept waiting for the prices to drop further. But when nifty dropped below 8000, I was worried as well thinking a lot of things like will recovery take time, will it be like Japan, etc. I also started to closely monitor each and every post and comment made in one of the famous FB group that discusses finance. + +As a combined effect of all the above things, the following happened: + +1. I became more and more greedy - Those experts and layman in the FB group, news channel, blogs kept on mentioning that it will drop further and as a result I waited further. They kept on investing but I waited and waited for the market to go further low. This stopped me from investing more. But it was already May end. + +2. Somehow I became paranoid - Ironically, since March end, I also started to think that what if the world ends, what if before situation improves- the government collapses, we would need liquid money to survive. What if Virus takes out everything from human and treatment needs a lot of money and getting stuck in sidelined market is equal to money lost which means suffering and death. This stopped me from investing more. + +And due to both of these reasons, although contradictory, I didn't switch the debt fund to equity fund. The most disappointing point is that the debt was anyway supposed to be transferred to the equity fund. And it's whole purpose was to not catch a high(or catch a better low). + +Then on the way up, everyday, every week, the regret of not switching killed me. And I was waiting for the second crash to happen, thanks to speculations. Although I was not willing to invest because the market had already recovered, I still managed to switch some amount fearing the second crash won't happen. But again, it's very less. + +And now the market is up so high, all I have is regret and a few lessons to share which I have learnt through this experience. + +1. More than any other external factors, our own emotions are the biggest hindrance in achieving good returns. +2. Greed is very bad, it makes us blind, foolish and crippled in the end. +3. Never listen to the so called experts who speculate. Good to learn from others, but do your own research. Study. Research. Decide for yourself. +4. Be disciplined. Set that SIP, STP and let it do it's work. Don't let the emotions spoil it. +5. The world doesn't care what you did, what you want, etc. Move on with what can be achieved. If you miss a bus, catch the next one. Don't wait for the missed bus to take a U turn for you. + +These points might be basic, simple or elementary, but I thought sharing it with this helpful community would help me lighten the weight of the regrets that I'm carrying and help me in seeking solace even if just a single person gets benefited by this. + +Finally, I also realise that today's high might be tomorrow's low and with that positive thinking, I have set up the STP back to original amount; and the monthly surplus SIP I'm directly transferring to equity funds. +Overall, a very important lesson learnt. + +TL;DR- Due to greed, fear and speculations, I didn't switch/transfer the debt corpus to equity during the March crash. The debt fund was set up with the sole purpose of switching to equity, hence now regretting. Sharing the story and a few lessons learnt. +I am now at 12m net worth. 44 years old and married with 3 kids. mostly faang money through 10+ years of senior level job and investing wisely in the market with some lucky breaks. I live in a VHCOL area but 12m net worth is good enough for me to not worry about having a job anymore. + +For most of my life, I have been chasing success as defined in our society. coming in the top quadrantile in school, school achievements, good college, good job, aspiring for a certain position in a company or work place, getting to certain net worth, living the american dream ...etc + +After I fat fired and no longer have to worry about paychecks, there has been a big shift in my perspective about what defines success in life. while I was in the rat race trying to reach my financial goals , it was easy for me to fall for the cultural narrative of what defines success in life. at least in US , for most part success means money and power. since reaching fat fire, I don't believe in that narrative anymore. + +My perspective has changed since I am no longer mentally blocked by the essential and existential physical need for certain level of money. I can see the world beyond the tunnel vision of the rat race now. success doesn't mean much to me anymore. I don't believe life has to be defined in terms of success or failure. life is not an exam which you pass or fail . life is just an experience ..period ! + +You don't go to a movie and ask yourself if watching the movie was a success or a failure for you personally. you just ask yourself if the experience was good or not. life doesn't need a definition or success criteria, it just needs to be lived. + +How many of you had a change in perspective after you got financially liberated. what was the change in perspective ? +I see a lot of complains on the daily about Binance fees being too high yet nothing is done about it. Everyone here knows that social media is a very strong platform to get things done. Can we all come together and tweet or use whatever social media platform to reduce those fees? + +I'm not very good with coming up with those stupid hashtags, but maybe something like #BooBinanceFees + +Main Binance Twitter Account: + +https://twitter.com/binance_2017 + +CEO Binance Twitter Account: + +https://twitter.com/cz_binance + + +Suggestions for hashtags on Twitter: + +* #BooBinanceFees +* #FairWithdrawal +* #WithdrawalForAll + + + +Edit + +Obligatory thanks for the gold! And I can't believe this blew up as much as it did. Hopefully we can get some progress on this! + +**Edit 2:** + +I think we should use the hashtag **#BinanceFees** + +**Simple and too the point. Lets get to putting this all around social media!** +We are a family of two right now ( in fact 3 including our pet dog ) . I am 35 and my wife is almost 30 years old and we are a couple working a same firm. We both currently just have two major investments in place + +1.) Our home for which we have put majority of our savings ( 25 lakhs ++ in terms of DP and we are running a home loan of appx 59 lakhs ) . This is a home for self occupancy and not rental. The appreciation is just on paper but we do enjoy being in a good locality, close to office and our parents place. + +2.) We invest a fixed sum of our salary (comes to appx 8 to 9k ) in our company shares ( XYZ) on which we get a 3:1 bonus every 3 years . However this investment is done in European market and till date the numbers are looking good. + +Our combined salary is appx 1,50,000 out of which we pay EMI's to a total of appx 50% of our income. We do not have any significant liquid savings right now & there are tons of reasons for it - our lifestyle in past, our expenditures for home's etc. I am looking forward to change this and start working our investment part. I know its late & I am looking forward for a few suggestions on below points, + +1.) How can I go about planning my investments for future - there are SIPs but I am honestly too confused to even understand how it works :( I have read lots of online literature but I am unable to decide which one to choose. + +2.) Is it worth hiring a financial planner to do this job for me to analyse my currents situation and chalk out a decent plan - is it recommended ? The ones I talked to are asking fees upwards of 20k which I am not sure is worth spending .. + +3.)Since I am already late to the game, is there any way I can make this situation better right now ? + +Suggestions and criticism welcome :) +Before corona, when I would argue with libertarian types they often say that America hasn't seen real growth, pretty much since we switched from the gold standard, and that our economy is built on a bubble or a series of bubbles. + +I'm curious if you guys have any insight. I'm not really an "Austrian school of thought" guy but there was a post that claimed we are in an inflationary bubble, as well as a housing, and tech bubble that stem from the inflationary bubble. Does "inflationary bubble" even make sense? + +I know that abandoning the gold standard has lead to less volatility and greater resistance to the business cycle, and in my eyes more growth. But how do I convey this to these types of people? They see increased debts and spending, as well as the fed being inmefective at combating inflation because of their low nominal interest rates. I don't know if these people think that prices should be like they were in the 40s so therefore the fed has failed. But some inflation is necessary for growth is my assumption. + +Thanks in advance +I put the flair as losses, because it literally is a fucking loss. I thought, eh, why not. I’ll buy their bullshit advice for a year, see what they’re about.. + +They’re about nothing. Almost $600, and their advice is just about 2-4 emails a day, trying to sell other advice plans. All quoting the same bullshit figures they use to sell their other groups. + +So don’t be the dumbfuck I was 🤣 +Hello everyone. I (30F) am getting married in a few months. Right now my fiancé and I make approximately the same salary (50k/year) and split all expenses evenly for the house we own together. + +However, I am a resident physician and in two years when my training is finished my salary is going to increase to around 300k. We both grew up in low income households. He is not an outlandish spender but is not that interested in financial planning. I, on the other hand, have a lot of anxiety regarding money. I am the one who started our rewards credit card (we pay off every month), signed up for retirement matching through my employer, opened a Roth IRA, and high yield savings account. + +While I plan on spending my life with him, I am not naive about the divorce rate in our country. I feel like I am doing a lot of work to make us financially sound but I also bring a lot of student loan debt to the table (350k). + +So my question is should I ask for a prenup? Will I even make enough for a prenup to matter? or is this just my anxiety? He is incredibly supportive and I don’t want him to feel like I expect us to fail. But on the other hand I put myself through school and went through a lot of hardship to get where I am. Help! +Just a friendly reminder and should have an impact on where investors look now. Sources: +https://etherscan.io/txsPending +https://blockchain.info/unconfirmed-transactions +https://etherscan.io/chart/tx +https://blockchain.info/charts +I have read many posts on here about people complaining that they're aren't paid enough, just found out they aren't paid as well as others at their company, or are verbally told they are getting a raise but never get it in writing. + +I own a business and employ over 50 people. I can tell you straight up that payroll is my biggest controllable expense and if I can pay someone less and stay in business, I am going to try that. I also know that if I don't pay enough, I will lose high quality staff. It's a juggling act. How much can I pay so they feel like I'm paying them well while trying to hold back enough money to pay the bills and save some money for a rainy day? It's different with every hire. If someone asks for a raise, they better show me WHY they deserve it. I'll also weigh that decision with the marketplace and how EASILY I can replace them. Some jobs aren't meant to make much, others should make more. + +I pay my staff well enough that I experience low turnover. I have competitors who don't. I chose this as part of my business model. It works for me but not everyone. + +If you want a raise, ask for it, but realize you're taking a risk of being told no. Give clear reasons why. Have a back up plan in place if you don't get what you want. Get it in writing. + +And if you think you should be making more then interview and take that new job, because odds are, you won't get the kind of pay increase you're looking for unless you leave. +Hi! +What is one stock do you believe is underrated OR that you believe will continue doing well going forward? +Feel free to explain why you think this is a good stock. +Hi everyone + +Of course, I really enjoy the Berkshire and Buffett videos from the annual meeting. But, that is what Youtube is for. + +Now I appreciate that I am newbie value investor in this forum; but I think the hallmark of this subreddit (for me) is its cerebral content and rational and interesting discussions. I have gotten so much great advice/input/opinions etc... on questions I have had here - and its the first place I go now with questions. + +However, I have noticed so many videos in recent weeks that seem to be mindlessly uploaded to this subreddit & that seem totally out-of-place. I suppose, I don't mind if people are engaging with the video and asking what others think - that might be ok. But, if they're just uploading the video and don't bother to contribute or engage with anything meaningfully - then it feels like spam hitting the inbox. I think it's becoming too spammy in this subreddit, and people need to cut it down a bit. + +[**E.g. : this thread from today.**](https://imgur.com/a/Z4YDHlW) + +As I said, I don't object to the movies *per se*. But, I do think there has to be more than just uploading youtubes to this subreddit. I would like to keep standards high here. + +I would love to see what other members of this forum and the moderators think. Is it just me? Is anyone else annoyed by this? + +Thanks as always :) +Cross-posting here from /r/PMTraders since it may be relevant to some of you. + +**The Results** + +I’ll start with the result: I lost $60-65k each in my PM account and the IRA account, for a total of -$125-130k. + +[Here’s my Portfolio Margin account YTD](https://i.imgur.com/pTKed3X.png) + +[IRA /ES losses](https://i.imgur.com/QxkH1pE.png) + +**The Intro** + +Below is my retrospective for my roughly 2 week period trading Calevonlear’s strat. Note that this will include a view of my mentality over this period as well as I believe it's relevant to the strategy execution. + +To be very clear, I'm in no way trying to blame /u/calevonlear here in the slightest. I read his notes, I thought it was an interesting and promising strategy that I hadn't encountered before, I misjudged my actual risks, and I'm not very good at day trading futures which exacerbated my losses. My own actions and decisions resulted in my losses. I only reference him because he's the one I learned the strategy from. + +I'm sharing my experience in the interest of knowledge-sharing as a warning about what I now think is the *actual* worst case short-term scenario for this strategy. + +I had seen his strat around and followed the performance for a few months. I liked the most recent iteration, the /ES 7DTE ATM strat on paper, especially since it was something he mentioned being an intentional choice so that even his wife could trade it from the phone if he weren’t able to. It sounded very mechanical, and I was comfortable with what I *thought* was the max drawdown of the strategy. Spoiler alert: it wasn’t. What I thought would be a week-long test just to get a feel for trading ATM puts through some light market oscillations turned out to be a strategy that trapped me. + +I wrote up my notes [here](https://old.reddit.com/r/PMTraders/comments/pv341e/september_25_2021_weekend_thread_what_happened/hed8ix5/) on 9/26 after scouring all his comments. + +**Quick strategy summary** (read the above link if you want more) + +* Selling 7-9DTE ATM puts on /ES to maximize extrinsic value. + +* BTC at $250 per contract which can be 15-25% depending on IV, but is a 10 point move at open. + +* If the market rises, ‘leapfrog’ and sell another /ES at the next $5 strike. You’ll have 2 strikes open and a 3rd opening when the first closes. + +* If it falls, sell one every 10 point fall, up to 6 strikes max, creating a ‘cascade’ of puts. + +* On a bigger fall, “Freeze” your portfolio. Once delta reaches 0.9 on all your puts, short /ES contracts to neutralize delta. Buy them back on the way back up. + +* Add a 7th put once there’s a rebound by filling the 5 strikes above the lowest put and leap from to help with recovery. Even an 8th is technically possible. + +* At 0DTE roll any ITM puts out to 7-8DTE. + +**Sizing** - His original sizing recommendation was 1 ‘set’ of contracts per $250k NLV. I went safer here and did 1 set in a $500k account and 1 set in a $750k account. *This was still way too aggressive imo.* I think $1M is more appropriate per set. + +/u/Neverstoplearning2 commented something that turned out to be incredibly central to why this strategy fails, and that’s the delta hedge. Unfortunately at the time I didn’t fully appreciate how right he was. He said: + +>The real problem is juggling with ES shorts, **because right after I buy back a short it goes down again..** So forget about trying to time and like Cale stated a hedge is going to cost you but it does help to limit losses of course and that is why you really should try to maintain your delta. + +Let me introduce you to whipsaw with leverage. + +**The Action** + +I’ll be sharing screenshots from the IRA at TW as its imo easier to see the trades, but the same exact trades were executed in the PM account. The $5k difference in eventual losses was the result of a mistake in the PM account where I ended up with 2 short puts at 4465 by accident. I thought it wasn’t a big deal, unfortunately the market reversed and I got trapped with both. + +On the first day, the strategy worked as expected, [with some easy profits](https://i.imgur.com/LSIWwgA.png) + +Then the market fell a tiny bit. [No worries, those are exactly the conditions I wanted to test this in](https://i.imgur.com/XqtUihY.png) + +But then it kept falling. [A lot](https://i.imgur.com/F05fCN3.png). Which felt like a lot more due to the leverage of this strat. I had to [start hedging the very next day](https://i.imgur.com/BILCeSl.png ) as my puts hit 0.9 delta. + + +And now we get to the real problems. + +There are two things working against this strategy, one small, one huge. + +1. It’s very easy to get trapped in a 7th put on a fake bounce back that just taps above your lowest strike. + + +2. There’s no good mechanical way to put on and take off the delta hedges when the market decides to jump up and down right in the zone where your puts are hitting 0.9 delta and you have to delta hedge to prevent catastrophic loss with all the leverage you now have. + +What happened over the next few days is the market would trigger me to put on my delta hedges. Then it would bounce up enough that I needed to take those hedges off to participate in a bounce back, except then it would reverse course again and re-trigger my delta-hedge zone. And the market just sat there for days, [bouncing up/down](https://i.imgur.com/qFllxMO.png). + +I was losing money on the way down, hedging, losing money on the hedges when the market started bouncing (which was 7 /ES contracts, which is a LOT of notional) un-hedging, and again losing money on the way down on my high delta short puts. It sucked. It was affecting my ability to do any work during the day. It was affecting my sleep. + +[Trades](https://i.imgur.com/DaUvUyG.png) + +[Continued](https://i.imgur.com/k4SB0MM.png) + +I went on PTO around this time and you can see on 10/01 I put on an 8 contract hedge after adding 4320 and 4340 short puts earlier that day. I was literally agonizing over whether a bounce would occur and I’d participate, or I’d go to sleep and wake up to a -$100k loss. I had to make the call and put the delta hedge on to be able to sleep. Turns out I did that at 4266, which 6 points off [the absolute low](https://i.imgur.com/ieGhuww.png), followed by another large bump the next day that I completely missed out on. + +After a few days of that whipsaw and my losses mounting, I lost my cool and tilted. I realized all I was really doing was day (and night) trading futures. The short puts were a complication that didn’t really add much value. So I leaned into it - I was sleep deprived and not thinking super clearly at this point. + +Observe that all these trades were the same day, and observe the contract sizes increasing as I got frustrated with getting whipsawed and tried to more directly day trade futures while *also* hedging the puts. + +[Day Trades 1](https://i.imgur.com/YGMtrHY.png) + +[Day Trades 2](https://i.imgur.com/yOp4Tjb.png) + +[Day Trades 3](https://i.imgur.com/HuTGcYP.png) + +My more leveraged PM account suffered a max drawdown of -18% during this 10/6 day trading spree, bouncing back to about -12.5% by EOD. In the IRA I bounced back to -8.5%. + +The following day I realized I had absolutely no edge here. This month would be the first month I had ever had a loss in my PM account, due to not trading my strategy. [I pulled the plug](https://i.imgur.com/3Hhcxnh.png) because I realized my only strategy here was praying the market would bounce back before it blew up my account. That’s just gambling. + +I measure a strategy by its performance during the worst times. It doesn’t matter how much money a strategy makes if it blows up the account during a drawdown. + +Unfortunately, that’s this strategy’s weakest point. It requires you to market time and day trades /ES futures contracts with massive leverage to prevent catastrophic portfolio loss. That’s my weakest point as a trader. I specifically sell premium because constructing a net premium-selling portfolio is more forgiving toward market timing. So in the moment when my portfolio is most vulnerable, this strategy compounds my weaknesses instead of relying on my strengths. + +**What could I have done better?** Many, many things. + +1. There was no point trying this in both the PM and IRA. One would have more than sufficed. + + +2. I could have tried this brand-new-to-me strategy on /MES instead to greatly reduce leverage and learn just as much. + + +3. I misjudged the true max-drawdown. I had estimated the drawdown per strategy would be the loss on 6 puts from 0.5 delta to 0.9 delta when I put the hedges on. If the market kept dropping, no problem, my losses were “frozen” in place until the market bounced back. Then I’d unfreeze my account as the market recovered and “leap-frog” to recover faster. + + That is *not* the worst case scenario for this strategy. The worst case scenario is the market dropping to the zone where your puts hit 0.9 delta and then bouncing around there for days on end, whipsawing you back and forth as you try to hedge and unhedge with short /ES puts, which is just day trading and market timing. It can also trap you in an extra short put than you expected for additional leverage and extra pain when a bounce is just temporary. + +4. I should have pulled the plug on the strategy the moment I realized #3. This was a failure to control emotion. I *know for a fact* I can’t successfully day trade futures. I’ve proven that to myself many times before and paid for it. As soon as I realized the hedging aspect of this strategy was much less mechanical than I initially thought, I should have bailed. That would have been a much more manageable loss of 7-8%. + +I’m glad I did pull the plug on the strategy when I did. Not because it was good timing - it wasn’t. If I just held through the pain and dealt with the drawdowns, I would have recovered most of my losses at this point and been close to flat after today’s rally. I’m glad though because I realized all I was doing was gambling with massive leverage in a trade I had no control over. The market could have just as easily dropped another 5%, or whipsawed for 2 more weeks in the same range, both of which could have been disastrous depending on *timing*, and I’ve already proven that’s not something I’m good at. + +**Any positives?** + +Yes, I think so. [Here are my monthly portfolio returns in the PM account going back a year](https://i.imgur.com/RxafGAI.png). I like to take brief notes on notable things affecting my P/L. Over the last 3 months I’ve had weak returns as I had a “bad feeling” about market structure and kept my BPu at 10% max while staying delta neutral. + +Ironically after that I leveraged up with this strategy and the market walloped me. Oops. + +The above experience of having 3-5% portfolio swings on 1% market moves has reset my risk tolerance. You can see in my original account NLV graph at the top that I was becoming more and more risk-averse, reducing volatility of returns, at the expense of reducing returns. I believe this experience snapped me out of that, and I’m once again more willing to find a healthy balance of volatility of returns. + +Secondly, I’ve been meaning to trade more futures contracts, especially in IRAs at TW, to leverage SPAN margin, but I’ve dragged my feet on it. TW allows for SPAN margin in their IRAs but has about 2x the BPR on those positions as in a Reg-T or PM account. After these losses, I now have a very good understanding of how TW treats IRA SPAN margin during larger moves. + +Similarly, I also generally like the simplification of underlyings and the 1256 contract tax treatment for my PM account, so I’ll seek to use futures contracts more to my benefit there as well. + +I also might consider longer DTE ATM contracts on specific equity underlying I’m very bullish at. I think there’s potential value in increasing my delta when I have high conviction on an underlying. + +I will not be trading ATM contracts with massive leverage though, that’s for sure. +Edit: To clarify I’m located in the Oklahoma City metro area, according to multiple websites that track population growth, for the last couple years population growth has slightly declined while all the above factors remain true. I’m wondering if there are any other factors or phenomenon that can explain the increase housing prices as of late. Such as income increasing allowing people live without roommates. +We invest long-distance in SFRs. We specifically this market because there was an agent/PM that we were very impressed with. I prefer to work with professionals who are investors themselves, and his company owns a large portfolio of SFRs, so I wanted to learn from their experience and local expertise. The way they work is they usually send out a newsletter to their list of investors about new opportunities with a video and an analysis of the property (which has been spot on in my eyes) . + +We signed an exclusivity agreement and had already purchased one property with them a couple of months ago and so far so good. I understood the inherent competition of working with an investor (especially in a competitive market like this), but what happened this week feels like a breach of trust. Would appreciate your thoughts: + +3 days ago I saw a property come on the MLS that seemed like a steal. It's in an A neighborhood that is usually out of our price range, but this deal was about $50-80k under the average, so I immediately emailed my agent that we were interested in it. No response. + +A day passes, and it's still on the market, so I follow up with him. + +The following day I see that the property was under contract. Our agent is usually very responsive, so I had a hunch he was involved in the deal. + +I follow up again, and he finally replies that he was out of town and we would like to chat. We discuss different things, but at some point he confesses that they purchased the property. I have no idea if they made the offer before or after I had messaged them. + +I really believe in the area and want to grow our portfolio there, but I don't feel so good about the situation. Maybe in a less competitive market with more deals this would have gone unnoticed. + +&#x200B; + +It's OK that we're in competition to an extent, but when I actively reached out to them about this deal (together with the exclusivity agreement - I'm not so sure how to approach this. + +Edit: grammer + +Edit2: The property went on the market on March-8. I emailed him about it at 7AM local time of that day. +Created this while doing research for personal requirements. Sharing here in case it helps someone - +(There might be some inaccuracies, oversimplifications, incomplete or incorrect information. open to corrections. Also, do your own research) + + +Senior Citizens Savings Scheme + + Only for senior citizen + + Invest 1k to 15L + + 5years maturity with 3 years optional extension + + 1.5% of deposit as penalty if withdrawn between 1-2 years + + 1% of deposit as penalty if withdrawn after 2 years + + No penalty for withdrawing 1 year after extension + + 7.4% fixed interest rate - changed quarterly + + Contributions can be shown under 80c + + Interest Given Quarterly + + Interest Fully taxable + +&#x200B; + +Post Office Monthly Income Scheme + + Need Post Office Savings Account + + 1.5K to 4.5L + + 5 Years maturity + + 2% penalty if withdrawn in 1-3 years + + 1% penalty if withdrawn in 3-5 years + + Interest is fully taxable + + Fixed rate of interest (6.6% currently, new rate set every quarter) + + Interest paid monthly + +&#x200B; + +Kisan Vikas Patra + + Money double in 124 months (6.9% interest rate) + + Fixed rate + + Interest earned taxable + + Can withdraw prematurely after 2.5 years + +&#x200B; + +National Savings Certificate + + Periodic change + + Current rate 6.8% + + Interest compounded anually but payed at maturity (hence saves taxes) + + 5 year lockin + + No premature withdrawal (Only in case of death) + + 100 rupees min, No max limit + + Contributions (and interest earned) can be shown under 80c + + Interest is taxed at the time of maturity + +&#x200B; + +National Pension System (Incomplete Info here, it's a little complicated to understand fully) + + 18 to 55 years of age + + Select distribution between equities, corporate bonds, govt/govt backed bonds, reits/invits + + 60% withdrawable at 60 years tax free + + Other 40% to be compulsarily used for buying an annuity + +&#x200B; + +Pradhan Mantri Vaya Vandana Yojana + + Only for senior citizens + + Invest upto 15 lakh + + 10 year lock in + + 7.4% fixed interest + + Interest can be payed monthly/quarterly/half-yearly/yearly + + No premature withdrawal (only in case of death or critical illness) + + Interest fully taxable + +&#x200B; + +Tax-Free Bonds + + 10 to 20 year maturity + + No premature withdrawl + + Issued by govt backed entities + + Interest earned is completely tax free + + Tradeable using demat account + + You can apply whenever new subscriptions open + + 5.5-6.6% interest rates usually + +&#x200B; + +RBI Floating Rate Savings Bonds + + 7 year maturity + + min 1000, no max limit + + Interest payed half-yearly + + Interest rate resets every 6 months + + Interest rate = NSC Interest rate (+) 0.35% (7.15% currently) + + Interest earned is fully taxable + + Not traded in secondary market, can't be used for backing loans + + Premature withdrawl (Age 80+ after 4 years, Age 70-80 5 years, Age 60-70 6 years) + +&#x200B; + +PPF + + 15 years lock in (can be extended 5 years) + + Interest rate changes every quarter (even for existing deposits)(currently 7.1%) + + Interest amount payout out yearly in ppf account + + Min 500 to Max 1.5L / year + + Tax Exempt-Exempt-Exempt : amount invested, interest earned, amount on maturity + + Partial early redemption after 5 years in case of emergency + + +Atal Pension Yojana + + For age 18 to 40 years + + Get pension after 60 years age + + Select pension option from 1000, 2000, 3000, 4000 or 5000 + + Monthly/Quarterly contribution will be deducted from your account + + Aimed at unorganised sector employees +For anyone who has been here a while you may have seen this post already, but this was requested so am reposting it and figured some more new people in the sub may find this helps! The 10 ways to find stocks is does not mean use their analysis, because for examples like Ausbiz they are good for finding stocks but I wouldn't trust any analysis by their guests. + +&#x200B; + +1. Ausbiz the call. They discuss 10 stocks everyday and its free to view and watch, they do 10 viewer picks everyday ranging from penny stocks to large companies. They recently discussed AVA for example, so they are open to anything. They also give a buy/hold/sell recommendation based on what they think. This can be a good starting point for building up a list of companies to look at. They also have a portfolio that is free to look at which they include stocks if both analysts agree that the stock is a buy. There is other stuff on Ausbiz you can view and you can search up a company to find any articles or if they’ve discussed it. + +2. Go through the asx300 or 500 and filter out sector and then do basic research on the remaining ones This sounds like a long grindy process but is actually quite quick if you have an idea for what you’re looking for. Let’s say you wanna avoid financials then you can just scroll through companies and have a chart on another monitor/tab and list down the remaining stocks that have a nice chart or market cap or whatever that you’re looking for. This process is even quicker if you’re looking for a company in a particular sector. + +3. Use stock screeners to filter out any factors you want, this can include stocks that pay dividends, stocks with a certain roe, stocks with a market cap under 200mill but make a profit and so on. Trading view are a website which I use when I screen stocks, however I very rarely use this method as one bad year can ruin a lot of filters and cause a good stock to not pop up. This strategy alone could be a whole post with what filters to use, how many to use and so on. This all depends on your strategy, risk tolerance and other factors so if you are going to use stock screeners you will need to test quite a few ideas out before you find what you’re comfortable with. + +4. Use sector maps, commsec for example has sector maps for large medium and small caps, these are often a good starting point. This is really useful if you want to know who the biggest companies in a certain sector are, as they are sized by market cap, and it also allows you to quickly find smaller companies which may have more potential. It also means you can quickly graph the companies and see if any in a sector are going against the trend, which could result in cheap companies or overvalued companies. You can then look up these stocks on the ASX website and find competitors or similar companies if you don’t want to go through the whole sector map. ASX compare them through market cap and a few other factors such as p/e which you can look at. + +5. Use reddit if you dare, not one I'd recommend but in a bull market almost anything works as it's easy to predict a stock if the majority are going up. That's how I did retail picks for last earnings season as it was evident early on retail was doing extremely well and not priced in unlike this season. If you are going to use reddit at least make sure you understand the company, because almost every week for the past 10 months I’ve seen people buy post pump and then comment on a post trying to understand why they got left bag holding. Make sure you have a strategy, just because one pick worked for you don’t presume the next 3 will. This shouldn’t need to be explained but as I said there’s constantly people left bag holding and stocks just vanish in getting mentioned. NZS is a perfect example and so is BRN, when BRN started crashing down nobody mentioned them and said how stupid people were for buying. Now all of a sudden the people holding BRN have all come back out, I’m not saying this to make fun of BRN I’m just using them as an example that companies can come as quick as they go. AVA is another example off the top of my head. + +6. Look at the ASX announcements page and check out companies that have released earnings, gives you an easy start to reading their results and understanding the company. This one isn’t very efficient and is not going to find you any gems unless you’re doing day trading on positive announcements/results. I tried this when I first started investing and found it was too hard to keep up with which announcements meant something and which sounded good but never affected the share price. Its easier just to follow the herd and make sure you get out without getting stuck bag holding. + +7. Use earnings calendars to find companies and then do research on them from there. This is how I found DDR from last earnings season, although I didn't post about them because I was unsure as I didn’t understand the business. This is a great strategy if you’re playing the earnings game and are willing to take some risk, the issue with this strategy is that you’re going off purely results and you need to force yourself not to get stuck to one stock unless you’re comfortable holding it for a long time. Earnings season is coming up in March and now is a great time to start scouting out companies which you may want to buy just before results. Companies also usually follow a short positive trend if good results and vice versa, this sounds like common sense but its important to remember. You may now be wondering, well why not just buy good companies post earnings? Less risk=less reward, its certainly a good and common strategy but it just means you miss the initial rocket if there is one. + +8. If you know you want a stock in a certain sector such as tech then look up tech companies through Google and go to news and often, you'll see sites such as motley fool and others mention tech stocks, now obviously don’t put much value into their analysis but it's a good start to finding stocks. This works although once again not the greatest because these websites often will post a list of companies that they think could do well without giving away too much info, but as I said this a good starting point if you’re new and don’t know how to find many companies. Obviously, you can’t do this every day because articles aren’t out that often so if you’re going to do this its best when one company is already getting hyped up such as when APT was booming and the majority of BNPL was following. + +9. My personal favourite, long term just organise stocks you come across into categories or sectors. After a few months you'll have quite a few watchlists with varying stocks. This gives the benefit of having everything organised and if you know travel is going to do well for example then you can quickly go over to your travel watchlist, pick a few stocks add it into a 'portfolio potential' list and this gives you a good starting point to do analysis. If you like the company, you keep it there and if you don't you put it back into whatever category it was in or delete it completely. This sounds straight forward, and it is, there’s no rocket science here. The major issue with it is that you need to keep up with macro trends and understand how sectors are doing and what their short/medium term future looks like. Tech is a good example of this as it was getting hyped the shit out of like a month ago, and now people aren’t talking about it much because its starting to pull back a bit. Everyone was saying Nasdaq is a great investment and blah blah, yet on a pullback it doesn’t get mentioned because people wanna look correct in the short term. + +10. Market index have an excel sheet they give to anyone who puts their email in with companies that pay a certain dividend and a few other features. This is mainly good for large caps only. + +You could also use a mix of all the above and figure out what works for you, but either way none of these strategies are guaranteed to work and some cant be relied on constantly over a long period. I personally do earnings calender and post earnings put stocks into different watchlists and analyse companies once the post earnings momentum dies down, but this is just me personally. You will notice there isn’t much TA in this post, but finding stocks through TA is not my specialty, so hopefully this helps as a good starting point. +Beta testing of FCFPay is live! The FCF ecosystem is about to see the light! + +33% of all the FCF ecosystem fees goes into the dividend pool (Reward holders in BNB) + +33% of all the FCF ecosystem fees goes into a buy back of FCF token instantly followed by a burn! + +$FCF is a revolutionary token developing a cypto payment gateway that is integrating with the two biggest e-commerce platforms – WooCommerce & Shopify! Imagine paying on e-commerces with crypto! You could shop online and spend your crypto gains without having to send them to the bank. This would make Crypto the CASH of the internet! + +This will allow FCF to unite the $4 trillion-dollar online shopping industry with the cryptocurrency world. This unification positions FCF as inevitable for mass adoption and secures the future of FCF as an essential crypto technology! + +$FCF got listed on 4 exchanges in 4 weeks! LBANK, HOTBIT,COINSBIT AND LATOKEN. There is more to come! Dev is working on [GATE.io](https://gate.io/) and KUCOIN + +The payment gateway will incentivize adoption by featuring a fee structure lower than PayPal and credit card processing companies. + +Beta testing is live now! And FCFPAY full launch is in February! FCF Pay will allow you to buy flowers with BNB and order food with Cardano (or any other crypto) without requiring you to swap crypto for fiat and then transferring that into your bank account! Simply buy with your existing credit card using the FCF payment gateway! + +Every payment gateway transaction will also induce a buy back and BURN mechanism in FCF, thereby increasing the value of your FCF by reducing the overall supply! + +$FCF rewards holders with 5% BNB dividends based on trading volume AND when FCF Pay is launched, 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 $4 trillion-dollar e-commerce industry simply by holding FCF! + +FCF has launched an NFT collection, The FrenchFellas! + +The Dev is always active and always OVERDELIEVERS. + +Dev is Doxxed, KYCd and a Certik audited! + +&#x200B; + +Medium: [https://medium.com/@fcf/fcf-pay-january-4th-abd34c2d7ee7](https://medium.com/@fcf/fcf-pay-january-4th-abd34c2d7ee7) + +NFT COLLECTION JUST LAUNCHED almost 50% already sold! You can win up to 140 000$ by minting: [www.frenchfellas.com](https://www.frenchfellas.com/) + +Website: [www.frenchconnection.finance](https://www.frenchconnection.finance/) + +NFT Website: [www.Frenchfellas.com](https://www.frenchfellas.com/) + +Contract: 0x4673f018cc6d401aad0402bdbf2abcbf43dd69f3 + +Telegram: [https://t.me/frenchconnection\_bsc](https://t.me/frenchconnection_bsc) +I am only 20 and still at uni so i have no idea what’s a good salary really. + +Bit lots of people say a teacher’s salary isn’t very good. + +All of the following is according to google and teacher I know. So please correct me if your experience is different. + +But you start on £25,714 in your first year (after just 1 year of training), often moving up the pay scale each year which puts you on £36,961 after 6 years of being a teacher. + +That’s if you take on no extra responsibilities or look for a promotion to senior leadership etc. + +Am i missing something? + +Thanks everyone! +It's surprising that it doesn't exist yet. Everything out there is either SEO content or stuff that's not too easy for an uninterested newbie to grasp. + +I have a number of friends who earn a *lot* (30 LPA+), are in their mid-20s and have no idea about investments. It's not that they don't know about investing, the problem that I see is that they just don't know where to begin. Traditional apps are extremely overwhelming, have their own conflicts of interest, and are "full stack", automatically making them not the best place to begin. + +I'm thinking of building something like Varsity, where people can learn effectively as well as simply, something that's not overwhelming, and then eventually extend it to offering simple, direct, passive mutual funds. And not a whole bunch. Just the most effective ones (UTI Nifty, Next 50, MO S&P 500, etc.). + +What do you folks think of something like this? Essentially - give easy to understand, trustable information. Take that trust, extend it to MFs. DO NOT OVERWHELM. + +Not thinking of a business model just yet but I could see having insurance in the future which have inbuilt commissions to help sustain. Definitely not thinking of making this hyper growth with gross ads littered around television. Something that, inexcusably, commands trust. +Sup Apes, + +Full disclaimer before I go on, another APE posted the link to this document last week, I have searched for the post but cant find it. If you know who it was, please send me their name so I can give them the credit for finding it. + +The below document was written by Bruce Knuteson and published to [https://arxiv.org/abs/2201.00223](https://arxiv.org/abs/2201.00223) where you can download a pdf copy if needed. + +The link looks sus so I think this flew under the radar the first time it was posted. I have copied each page to image below so you can view without downloading the PDF. The site is actually fine and is an open access distributor for scholarly articles and seems to be owned by Cornell University. + +brief synopsis: + +&#x200B; + +https://preview.redd.it/vwpcptxj7ab81.png?width=642&format=png&auto=webp&s=03aff8e030b4705ff330090c8a19ba31b0e7002f + +Basically the author provides evidence that a large hedgefund (or hedgefunds) are using fuckery to generate their returns in the period of market close to market open. This practice could explain the usual dip we see at open. The manipulation is clear and SEC is either wilfully ignorant or incompetent. + +I read this before last weeks AH fuckery and keep going back to it. The article looks at overnight and intraday returns across the market and also GME and the SEC report that followed, ripping it to pieces and pointing out the numerous flaws : + +*"Footnote 78 (and specifically its penultimate sentence) says the SEC does not know who all was short GameStop’s stock. If you established a huge short position in GameStop on December 15, 2020 and did not trade GameStop for the next month, the SEC’s analysis thinks you have no position in the stock because the SEC’s analysis is ignorant of everything that happened before December 24, 2020. The title of the SEC’s plot should more accurately be “buying activity of some traders with large short positions in GameStop,” with a note clearly admitting they don’t really know what “some” means and therefore their orange histogram should be bigger and they don’t really know how much bigger. Since the point of the plot is that there isn’t much orange, the fact that there really should be more orange and the reader doesn’t have any sense of how much more orange there should be sort of defeats the point of the plot. Beginning the second to last sentence of footnote 78 with “Note that” – as though reminding you of a minor caveat they have previously mentioned rather than telling you for the first time a detail that undermines their entire analysis – comes across as particularly slimy. Not providing the number of shares that ended up being the threshold for “large” does little to increase the feeling of transparency. "* + +&#x200B; + +**TLDR: A large hedgefund (or hedgefunds) have been manipulating the market for at least 14 years to generate overnight returns whilst keeping intraday gains low or flat. The SEC continues to ignore the issue. Given most retail are locked out of trading out of hours, this affects us all.** + +&#x200B; + +edit: As many apes in the comments have noticed, this document is actually the most recent instalment of a series dating back to 2016. see this post for part 1: [https://www.reddit.com/r/Superstonk/comments/s2w1xn/information\_impact\_ignorance\_illegality\_investing/](https://www.reddit.com/r/Superstonk/comments/s2w1xn/information_impact_ignorance_illegality_investing/) + +&#x200B; + +https://preview.redd.it/zr00qdhh4ab81.png?width=959&format=png&auto=webp&s=112f5b566586ebcc68086cf9e8c16b2da719041e + +&#x200B; + +https://preview.redd.it/el561drl4ab81.png?width=957&format=png&auto=webp&s=02f7c97eadda4b7bc13a83daf4a540c609a99d34 + +&#x200B; + +https://preview.redd.it/rarcviro4ab81.png?width=958&format=png&auto=webp&s=2d8c8599aae07f0c74e9a043ee5a221e7b003e45 + +&#x200B; + +https://preview.redd.it/szl3f2vr4ab81.png?width=953&format=png&auto=webp&s=1bb51912a912c24b97c9e0ed6afe04166a5470e3 + +&#x200B; + +https://preview.redd.it/ed5p6mut4ab81.png?width=953&format=png&auto=webp&s=b1ad3ecfb2f842759d560158c9906ad827bde048 + +&#x200B; + +https://preview.redd.it/rm1c3nlv4ab81.png?width=956&format=png&auto=webp&s=c257c37537ab94af28b63a7a73e09cdc84459113 + +&#x200B; + +https://preview.redd.it/cn4d3s8x4ab81.png?width=955&format=png&auto=webp&s=76db71181e09b0a98f6b41772bf0539f9f95f41a + +&#x200B; + +https://preview.redd.it/9urctqbz4ab81.png?width=955&format=png&auto=webp&s=939a9d63b7c4458f44c7686fca18ba85c6f5fe01 + +&#x200B; + +https://preview.redd.it/fo40d3p45ab81.png?width=955&format=png&auto=webp&s=f7c428a00adb56d4195144d46ffa65d985cf4072