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+Under normal circumstances, tricks like these were used to help hedge funds maintain short positions that, legally speaking, they weren’t supposed to have because the shares were never properly located.
+
+As a side note, the answer to this problem likely resides in the blockchain.
+
+Apart from market maker privileges, the three big reasons hedge funds can play games with short positions — delayed reporting requirements, time windows of days (or even weeks in some cases) for trades to settle, and related transactions being executed in different places, or with different counterparties, for the sake of deception — could all be answered with a blockchain-based settling and clearing system where transactions are noted instantly and made visible to all parties (plus the SEC).
+
+—————————————————————
+
+We’ve seen multiple DD talking about this yet we’ve overlooked it every time by not digging into it as much as possible, when this is how they’re hiding their short positions! The short percentage is well over 100% still and this is proof of that. So all our focus needs to be here! This is the stuff we need to demand SEC to make changes on not the bull shit rules they have been proposing. We need thorough research papers done on just this alone. 
+
+- I propose we get funding to get actual lawyers to look into the legalities of these  hedge fund tactics and synthetic shares as well as if these tactics are breaking current SEC rules. 
+
+- I also think we need to find solutions that could counter these manipulative hedge tactics. 
+
+-Lastly, I propose we set up a fund raiser to fund other things like paying people to publish research reports and actual news reports on these things that the current media refuses to report on. We spend all this money into our favorite stonks that get shorted to shit and continue to be manipulated but we spend none of that money towards the things that could help tell our side of the story, help inform others, or make researched professional articles/papers that no one could deny the credibility of, and ultimately what helps us win against shorts.
+
+
+Edit: I wanna point out that this is the dangers of having a company that is both a Market-maker and a Hedge fund! Aka Citadel (hedge fund) & Citadel Securities (Market Maker) 
+
+1. The hedge fund that’s short (Citadel) can ‘write’ their own Options and sell it to the market-maker (Citadel Securities) 
+2. Then the market-maker (Citadel Securities) can legally create a “synthetic” long position to be able to ‘hedge’ against the other side of the options trade they bought from the hedge fund (Citadel).
+3. And in return the market-maker (Citadel Securities) can now sell this new ‘synthetic’ long position to the hedge fund (Citadel), which can now use it to say/make it look like they’ve bought back their short position.
+This post is directly from an article by TradeSmith published Feb 2, 2021.
+
+https://tradesmithdaily.com/investing-strategies/the-drop-in-gamestop-short-interest-could-be-real-or-deceptive-market-manipulation/
+
+————————————————————-
+
+The tactics involved are not a secret. In fact, the Securities and Exchange Commission (SEC) knows all about such tactics, and published a “risk alert” memo on the topic in August 2013.
+
+The SEC memo is titled “Strengthening Practices for Preventing and Detecting Illegal Options Trading Used to Reset Reg SHO Close-out Obligations.” You can read it here via the SEC website. https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf
+
+The memo contains a dozen pages of highly technical language, but here’s a quick rundown:
+
+• If short sellers are facing a squeeze because shares are hard to buy, or scrutiny for holding an illegal short position, they can create an appearance of having closed their short position through the use of deceptive options trades.
+
+• A hedge fund that is short a stock can write call options on a stock — meaning they are now “short” the call options, having sold the call options to someone else (typically a market maker) — and simultaneously buy shares against the call options.
+
+• The shares bought against the call options could be “synthetic” longs — meaning they are not part of the original share float of the stock — as sold to the hedge fund by the market maker that takes the other side of the options trade.
+• This works because, if a market maker buys options from an options writer, the market maker has legal privileges to do a version of “naked shorting” as part of their hedging function. This is necessary, under the current rules and the current system, for market makers to protect themselves when facilitating options trades.
+
+• As a result of the above transaction, the hedge fund that sold short calls was able to buy synthetic long shares against the calls. (A synthetic share is one that has a long on one side and a short on the other but wasn’t part of the original float.) The synthetic long shares are the other side of the naked shorts, legally initiated by the market maker, so the market maker can hedge.
+
+• The hedge fund that bought the shares can now report that they have “bought back” their short position via buying long shares — except they actually haven’t! The synthetic shares they bought are canceled out against the short call positions they initiated, a necessity of the maneuver by way of the market maker’s hedging of the call position they bought from the hedge fund.
+It gets very complicated, very fast.
+
+But the gist is that hedge funds can use tricks to make it look like they’ve covered their shorts — even if they haven’t truly covered, and can’t, for lack of available float — by way of exploiting loopholes that exist due to an interplay of reporting rule delays, market maker naked shorting exceptions, and legal practices of synthetic share creation (new longs and shorts made from thin air) relating to market-making.
+
+Below is a section of the SEC memo (from page 8) that gets to the heart of it:
+
+“Trader A may enter a buy-write transaction, consisting of selling deep-in-the-money calls and buying shares of stock against the call sale. By doing so, Trader A appears to have purchased shares to meet the broker-dealer’s close-out obligation for the fail to deliver that resulted from the reverse conversion. In practice, however, the circumstances suggest that Trader A has no intention of delivering shares, and is instead re-establishing or extending a fail position.”
+
+In plain language, “Trader A” in SEC parlance could intentionally be giving the appearance of closing their illegal short position — when in reality they have no intention of doing so (or no ability to do so).
+
+Under normal circumstances, tricks like these were used to help hedge funds maintain short positions that, legally speaking, they weren’t supposed to have because the shares were never properly located.
+
+As a side note, the answer to this problem likely resides in the blockchain.
+
+Apart from market maker privileges, the three big reasons hedge funds can play games with short positions — delayed reporting requirements, time windows of days (or even weeks in some cases) for trades to settle, and related transactions being executed in different places, or with different counterparties, for the sake of deception — could all be answered with a blockchain-based settling and clearing system where transactions are noted instantly and made visible to all parties (plus the SEC).
+
+—————————————————————
+
+We’ve seen multiple DD talking about this yet we’ve overlooked it every time by not digging into it as much as possible, when this is how they’re hiding their short positions! The short percentage is well over 100% still and this is proof of that. So all our focus needs to be here! This is the stuff we need to demand SEC to make changes on not the bull shit rules they have been proposing. We need thorough research papers done on just this alone. 
+
+- I propose we get funding to get actual lawyers to look into the legalities of these  hedge fund tactics and synthetic shares as well as if these tactics are breaking current SEC rules. 
+
+- I also think we need to find solutions that could counter these manipulative hedge tactics. 
+
+-Lastly, I propose we set up a fund raiser to fund other things like paying people to publish research reports and actual news reports on these things that the current media refuses to report on. We spend all this money into our favorite stonks that get shorted to shit and continue to be manipulated but we spend none of that money towards the things that could help tell our side of the story, help inform others, or make researched professional articles/papers that no one could deny the credibility of, and ultimately what helps us win against shorts.
+
+
+Edit: I wanna point out that this is the dangers of having a company that is both a Market-maker and a Hedge fund! Aka Citadel (hedge fund) & Citadel Securities (Market Maker) 
+
+1. The hedge fund that’s short (Citadel) can ‘write’ their own Options and sell it to the market-maker (Citadel Securities) 
+2. Then the market-maker (Citadel Securities) can legally create a “synthetic” long position to be able to ‘hedge’ against the other side of the options trade they bought from the hedge fund (Citadel).
+3. And in return the market-maker (Citadel Securities) can now sell this new ‘synthetic’ long position to the hedge fund (Citadel), which can now use it to say/make it look like they’ve bought back their short position.
+Hi all! I was thinking about covered calls, and developed a plan to profit from a long-term hold on some of my favorite ETFs like SPY and QQQ. I like the covered call idea because I would hold these ETFs long-term even if they dropped significantly in price because I believe they have potential for long-term growth. Right now is a good time to buy because they have already been beaten down \~25% from inflation concerns.
+
+Example of my plan:
+
+# 1.) Buy 100 shares:
+
+Purchase 100 shares of SPY, for example at $375.50 = $37,550
+
+Again, this would also be considered a long-term hold, but with covered calls I can play options put money to work for me.
+
+# 2.) Sell Covered Calls:  
+
+Options for SPY are being sold every **2 business days**. Therefore, I can sell covered calls every 2 days. According to Robinhood, for example, if I sell at strike price $376 I can collect $176 in premium today. From here, the stock can either go up or down:
+
+***\*Stock goes up:*** I sell at strike price 376, make \~$50 profit (0.50 x100), then rebuy 100 shares of SPY, and make another call in 2 business days. Total gain is $226 in 2 days, or 0.6%
+
+​
+
+***\*Stock goes down:*** I keep the premium, make $176, and just hold the stock because long-term I believe in it. I keep selling premium every 2 days. Total gain is $176 in 2 days, or 0.46%. Again, I don't have much concern if the stock goes down if it's a long-term hold. 
+
+​
+
+# 3.) Long term planning: 
+
+If I took the middle of the two examples, let's say it's $200 every 2 business days. That's $600 per week, or \~1.6% per week gains. In a month, that is $2,400 or \~6.4%. Repeat this for 16 months, that is 102% return ignoring losses in the stock.  
+
+​
+
+I admit I am new to this, and I would appreciate some discussion on your thoughts of this idea. Thanks for reading!
+**Welcome to $MoonPirate!  With over 89,500 strong holders and a market cap of only $10.5M. 🔥 JUST LISTED ON COINTIGER! 2ND EXCHANGE COMING SOON! 🔥 Rum is being distilled. IPA being released next month. Governance voting currently ongoing to pick flavour of first energy drink!**
+
+❗LISTED ON CMC AND CG AND COINTIGER❗
+
+⚠️WHITEPAPER RELEASED⚠️
+
+Some of their deliverables so far have included:
+
+* ☠️PirateSwap launched (investors can purchase MoonPirate directly on their website)
+* ☠️Pirate Wallet Tracker launched (view how much your holdings are worth and how much you have gained by simply holding)
+* ☠️Get Nok Distillery (California, US) Service Agreement Signed, Sealed and Delivered and MoonPirate Dark Rum (with a hint of coconut – as voted by investors) is 3 to 5 months away
+* ☠️Catchment Brewing Co (Brisbane, Australia) – MoonPirate Tropical IPA 4 weeks away. Launch Party will be held at venue for those who can make it
+* ☠️Updated Roadmap incoming including the expansion of the MoonPirate ecosystem (including $RUM native token which is going to be pretty crazy)
+* ☠️Governance Platform LAUNCHED! (your MoonPirate holdings will dictate your voting potential)
+* ☠️Now on CoinGecko and CMC, Add this to Blockfolio, Stocktwits & Delta
+* ☠️Weekly Live Video AMA’s (including founder, community manager and communications manager)
+
+*On top of that, we have NFT’s, charity donations (Pirate Party kids cancer charity), billboards including Times Square New York, weekly Pirate Chronicles (medium articles) and more.*
+
+**Be sure to check out EVERYTHING on the website, which is being updated on a daily basis.**
+
+*Remember this is 100% rugproof (LP Tokens 100% burnt, ownership renounced, 2 x audits)*
+
+✅ TOKEN ADDRESS: 0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66
+
+🌚 MoonPirate is SAFU and sailing to the MOON 🔥 100% LP tokens burned. 60% of all supply burned. ♻️ 2% fee AUTOMATICALLY GOES BACK INTO LIQUIDITY 💎 1.2% fee AUTOMATICALLY GETS DISTRIBUTED BACK TO HOLDERS 🔥 0.8% GETS BURNED FOREVER
+
+📲 Links 📲  
+Website: [https://moonpirate.finance](https://moonpirate.finance/)
+
+Telegram: [https://t.me/MoonPirate](https://t.me/MoonPirate)
+
+Discord: [https://discord.gg/dwgeUTHv](https://discord.gg/dwgeUTHv)
+
+Twitter: [https://twitter.com/moonpiratebsc](https://twitter.com/moonpiratebsc)
+
+Telegram: [https://t.me/MoonPirate](https://t.me/MoonPirate)
+
+Pricebot: [https://t.me/moonpirate\_pricebot](https://t.me/moonpirate_pricebot)
+
+Youtube: [https://www.youtube.com/watch?v=CJw866zV-eU](https://www.youtube.com/watch?v=CJw866zV-eU)
+
+Chart: [https://charts.bogged.finance/?token=0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66](https://charts.bogged.finance/?token=0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66)
+ 
+
+Are you looking for a serious project with unlimited potential? Take a seat and read.
+
+SavePlanetEarth ($SPE) is a crypto project that was founded by a group of very qualified people with PhD's and MBA's, one of which is Imran Ali. Imran has been involved in environmental work for the last 10 years and has established a lot of meaningful partnerships throughout the world. Quickly closing in on 80k holders, this is a project you don't want to miss out on.
+
+The whitepaper v3 is live as of a few days ago, and it contains a lot of in depth information, if you would like to check it out it's available on SPE's official website "SavePlanetEarth.io", there are 55 pages, but it is definitely worth the read (translations of the whitepaper are currently in development).
+
+SPE has just hit 2 months old, and they have already made deals with the Sri Lankan and Maldivian government (they've both mentioned working with SavePlanetEarth on their official twitter pages. in total 101 Million Trees have been contracted between Sri Lanka and Maldives, and this is just the beginning as they aim to get 1 Billion trees agreed this year! It doesn't stop there though, they plan to delve into many other initiatives such as helping clean our oceans, produce cleaner water, cleaner beaches, solar power, the list goes on. Ultimately, the token will be sold on carbon credit exchanges as well as a cryptocurrency ones.
+
+SPE is on the binanace smart chain, with locked liquidity and a 20m market cap (up 50+% today). They have had 2 audits done, and a 3rd is underway by Certik. They're currently on 5 exchanges, Bitmart, Hotbit, Whitebit, Cointiger, and PancakeSwap, and they also have an integration called SPEswap, that allows you to buy it directly from their website.
+
+The app has been launched and has many useful features for quality of life enhancement with tracking things that have been developed already, and there are a lot of revolutionary things to come. The merch store is also being worked on and is in progress, they're in talks with a few different suppliers right now.
+
+SavePlanetEarth's main goals are as follows.     
+1. Become carbon negative.     
+2. Help all cryptocurrencies become carbon negative.     
+3. Help all of humanity become carbon negative.
+
+Seriously though, what are you waiting for?
+More money is invested in bond funds than stocks but you would never know it by reading this board.
+
+Is anyone here invested in either BOND ETFs or Bond Mutual Funds?
+
+If so what funds are you invested in?  I am old so it is not a good idea to be 100% in stocks.  So I put 40% of my invested assets in Bond Funds.  And most of them lost money in 2021.  I would have done better with CDs paying 0.40%
+
+Alternatives?
+
+**(Feedback after reading all the replies: I am discouraged so many people told me to invest money in dividend stocks, or BITCOIN, or other potentially risky investments.  Wasn't I clear that I am old, near retirement, and having 100% of my money in risky investments was a bad idea?)**
+With the highly-anticipated release of the Gamestop NFT hopefully in the near future, I have reason to believe that there is BLATANT FUCKERY AFOOT with the Senate and the [White House](https://www.reddit.com/r/CryptoCurrency/comments/oyxejb/white_house_comes_out_in_support_of/?utm_source=share&utm_medium=web2x&context=3) right now.
+
+Sen. Mark Warner and Sen. Rob Portman have slipped in [this amendment](https://twitter.com/jerrybrito/status/1423429377459736577?s=21) into the newly written $1-Trillion bill for infrastructure. These amendments may seem harmless and complicated to those of us who don't know much about cryp t03. DO NOT BE FOOLED.  If passed, this amendment would effectively restrict/destroy the innovative industries that are going to be working with the upgraded Ethereum 2.0 Blockchain in the United States - as the upgrade switches from Proof of Work (PoW) to Proof of Stake (PoS) . That includes our beloved NFTs if a dividend is released. WTAF!
+
+Link to an informative video from a wrinkle on the subject: [youtube.com/watch?v=JEF8dwF36qY&ab\_channel=CharlesHoskinson](http://youtube.com/watch?v=JEF8dwF36qY&ab_channel=CharlesHoskinson)
+
+From what it seems, the government doesn't understand the consequences that these new rules would have on investors and innovators alike if they are implemented... Either that, or they are purposefully trying to keep digital currency centralized in order to protect the banks and institutions from doing what they do best (Naked Short Selling).  Whatever the reason may be (it's definitely the latter), the ramifications of this bill are "sweeping and massively damaging" according to the executive director of the Blockchain Association - Kristin Smith. Regardless, they are targeting Ethereum and other digital currencies, the Senate is framing it as a way to reduce tax evasion in the cryp t03 markets.
+
+Call for Action: REACH OUT TO YOUR SENATORS [https://www.senate.gov/senators/senators-contact.htm](https://www.senate.gov/senators/senators-contact.htm) LET THEM KNOW THAT IF THEY VOTE YES FOR THE WARNER-PORTMAN-SINEMA PLAN THAT YOU WILL MAKE SURE THEY DO NOT GET RE-ELECTED FOR OFFICE
+
+Even easier: [https://www.fightforthefuture.org/actions/stop-the-senate-from-sneaking-through-total-surveillance-of-the-crypto-economy/](https://www.fightforthefuture.org/actions/stop-the-senate-from-sneaking-through-total-surveillance-of-the-crypto-economy/)
+
+I have the smoothest brain out of all of you fucking morons and we really need more discussion about this in the comments down below.
+
+Shout out to u/TempMobileD for bringing this to my attention. He has stated "anyone who runs an ether node would be forced to conduct KYC, which isn’t possible. Therefore running a node would become illegal. The whole thing is totally bananas, and not our favourite kind."
+
+Edit: u/Philbojbaggins pointed out in the comments that we also need eyes on the Wyvern Amendment. Listen, i don’t know jack shit about crypto or blockchain or DEFI or KYC, all i know is that i don’t want the government or the banks to have power over that shit. I want Gamestop to rocket to alpha centauri and be the greatest company in the world. I would really appreciate a DD on this matter.
+
+[HERE](https://www.reddit.com/r/Superstonk/comments/ozaeo2/e_t_h_is_under_attack_senate_votes_tomorrow/h7ynn5s/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) is a comparison between the proposed amendments in the comments. Thank you Philbo.
+
+Edit 2: [Matt Finestone head of blockchain at gamestop liked this tweet](https://twitter.com/banklesshq/status/1423503086459359235?s=21)
+
+Edit 3: [Jordan HODLberg liked this tweet](https://twitter.com/iamdcinvestor/status/1423489581920489476?s=21)
+
+EDIT 4: CHECK[ MATT FINESTONE’S LIKES](https://twitter.com/finestonematt?s=21) ON TWITTER
+
+EDIT 5: [FOOBAR RETWEETS](https://www.reddit.com/r/Superstonk/comments/ozaeo2/e_t_h_is_under_attack_senate_votes_tomorrow/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) 
+
+EDIT 6: [Amendment proposal would not take effect until 2023](https://www.reddit.com/r/Superstonk/comments/ozdynx/critically_important_psa_gamestops_potential/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). Sorry i completely missed this tweet earlier.
+
+EDIT 7: [TWITTER POST FROM FOOBAR](https://www.reddit.com/r/Superstonk/comments/ozfwuy/2023_effect_if_passed_but_extremely_important_due/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). You don’t have to listen to me - listen to the nft team themselves. Taking a few minutes of action is all you need to do to support the stock. We cannot disappoint our fellow europoors depending on us. Taking action will only help ensure the NFT goes smoothly in the future.
+
+THE VOTE IS HAPPENING TOMORROW, LETS MAKE SURE GME NFT TEAM’S HARD WORK DOESN’T GO TO WASTE
+Question inspired by Sir John Templeton quote:
+
+"People are always asking me where is the outlook good, but that’s the wrong question, The right question is: Where is the outlook most miserable?"
+Getting a flurry of questions about when you need to be paid for time worked as an hourly employee.  If you [are covered by the Fair Labor Standards Act](http://www.nolo.com/legal-encyclopedia/free-books/employee-rights-book/chapter2-2.html), which you probably are if working in the US, then this is pretty much any time that the employer controls, especially all time on task or on premises, even "after-hours" or during mandatory meetings / training.
+
+Many more specific situations covered in the attached document.
+
+https://www.dol.gov/whd/regs/compliance/whdfs22.pdf
+
+
+I would like to summarize/highlight some of Gensler's prepared testimony for tomorrow in front of Congress  🚀🚀🚀🚀🚀
+
+He is confirming some of the great DD here about Dark Pools:
+
+***" January’s events bring new light to equity market structure. Today, our markets essentially have three different segments. While the public generally thinks of the markets as public exchanges like Nasdaq and New York Stock Exchange, those big public markets had about 53 percent of the volume in January, according to public data. 5 So where’s the other 47 percent? About 9 percent of January’s volume was executed at alternative trading systems. These alternative trading systems, commonly known as dark pools, emerged following the 1998 Regulation ATS rules, taking advantage of then-new advances in the internet and communications technologies. That leaves about 38 percent, the majority of which was executed by off-exchange wholesalers, a group that of firms that have been taking a growing share of trading volume. As publicly available data on reported trades show, just seven wholesalers made up the vast majority of this 38 percent. One firm, Citadel Securities, has publicly stated that it executes about 47 percent of all retail volume.6 In January, two firms executed more volume than all but one exchange, Nasdaq."***
+
+Holy Shit!  47% of trades not performed on the market.  And of course our buddy Kenny handling 47% of retails trades, to his benefit no doubt.
+
+Short Sellers, they are gonna get this data locked down (and hopefully some locked up) (Also later he talks about swaps and they are trying to address):
+
+***"At the center of January’s market events was significant short selling of a number of the meme stocks. While FINRA and the exchanges currently publish or make available certain short sale data, Congress directed the SEC under the Dodd-Frank Act to publish rules on monthly aggregate short sale disclosures. In addition, Dodd-Frank provided authority to the SEC to increase transparency in the stock loan market. I’ve directed SEC staff to prepare recommendations for the Commission’s consideration on these issues."***
+
+​
+
+Reddit and other sites:
+
+***"To be clear, I’m not concerned about regular investors exercising their free speech online. I am more concerned about bad actors potentially taking advantage of influential platforms."***
+
+and how they are watching us (Which we already knew):
+
+***"Furthermore, it’s no longer just retail investors or even humans who are following these online conversations, but institutional investors and their algorithms. Developments in machine learning, data analytics, and natural language processing have allowed sophisticated investors to monitor various forms of public communication to see relationships between words and prices. This practice, called sentiment analysis, has picked up steam in the last couple of years, and it has grown to include online communities. With that comes the risk that nefarious actors may try to send signals to manipulate the market. This is an area for which we will continue to deepen our understanding, resources, and capabilities. "***
+
+​
+
+Robin the hood: (didn't have enough money)
+
+***"In January, the rapidly changing prices, high volatility, and significant trading volume of the meme stocks prompted larger-than-usual central clearing margin calls on broker-dealers. Some of those broker-dealers, such as Robinhood, scrambled to secure new funding to post the required margin. A number of brokers chose to restrict additional buying activity by their customers in a variety of the meme stocks."***
+
+System wide Risks (aka Melvin):
+
+***"Whenever there are major market events, it’s a good idea to consider what risks they might have placed on the entire financial system, even when the system holds. I’d like to highlight a few areas: First, at least one firm didn’t have sufficient liquidity to meet margin calls and had to fundraise within hours to meet $1 billion-plus obligations, and several brokers chose to shut down customer access to trading. While these liquidity challenges faced by brokers didn’t cascade to the rest of the economy, they did, unfortunately, affect many investors’ ability to trade."***
+
+TL:DR Gensler's testimony shows me that the SEC is moving in the right direction to curb the problems that this and other communities is pointing out with great DD.  My opinion only, not Financial advice.
+
+​
+
+[https://financialservices.house.gov/uploadedfiles/hhrg-117-ba00-wstate-genslerg-20210506.pdf](https://financialservices.house.gov/uploadedfiles/hhrg-117-ba00-wstate-genslerg-20210506.pdf)
+The newest community driven coin on the block! With nothing to lead our way except a mysterious note that the developer left in the code of the contract, this band of misfits has banded together to attempt the impossible. We're here to push the limits of what a community coin can achieve, with the dedication of every Dreaming Ape behind us, APEDREAM is here to not only help restore faith in DeFi, but to prove that a community of Dreaming Apes can UNITE and bring their dreams to life
+
+Use your $AD to sponsor a primate from partnered zoos around the world! Your sponsorship will help an endangered species survive. The APEDREAM team will organize donations for funding scientific research in endangered ecosystems. The APEDREAM community is committed to assisting the development of a long-term solution to the negative factors that impact the primates living conditions, driving them to the brink of extinction.
+
+
+📞Join our telegram: https://t.me/APEDREAM 
+*HEAVILY SUGGESTED TO JOIN - talk to us on voice chat!*
+
+Website: www.Apedream.com/home
+
+📰 Contract: 0xc85b8650b189892ce72ed5f1c3fbfba5e3990127
+
+❌ BURNED LP
+
+✅ Verified contract with renounced ownership on BSC for safety
+
+🧱 Total Supply: 1,000,000,000,000,000 token.
+
+🔥Burnt Supply: 900,000,000,000,000
+
+🦍 Circulating Supply: 100,000,000,000,000
+
+TOKENOMICS:
+
+🐳 Anti-Whale Protocol - 0.5% of Total Supply Trade
+
+🔥 5% to Liquidity Pool
+
+🔥 2% Distributed to Holders
+
+
+Don't let your dreams just be dreams. I cordially invite you to this merry band of Dreaming Apes. Let's reach the moon and beyond, as a family.
+
+Ape together, strong.
+I know this is post is going to be controversial, but here goes... :)
+
+This spam attack is not economically feasible on the Litecoin network. I will explain why.
+
+Here's one of txns that is spamming the network:
+https://blockchain.info/tx/1ec8370b2527045f41131530b8af51ca15a404e06775e41294f2f91fa085e9d5
+
+For creating 34 economically unfeasible to redeem UTXOs, the spammer only had to pay 0.000299 btc ($0.08). In order to clean up all these spammy UTXOs, you needed a nice pool to mine this huge transaction for free. And the only reason why the pool was able to was because the spammer sent these coins to simple brain wallets! If these were random addresses, they would stick around in the UTXO set forever! (or until each BTC is worth a lot)
+
+The reason why Litecoin is immune to this attack is because Litecoin was attacked in a similar fashion (though to a much smaller degree) years ago. And I noticed this flaw in Bitcoin and patched it in Litecoin. There's code in Bitcoin that says if someone sends a tiny amount of coins to an output, make sure that he pays the mintxfee. This makes sense because you wouldn't want someone creating "dust" spam by sending small amount of coins. BUT the code still only enforces the same mintxfee if you send to many small outputs. The fix is simple: require a mintxfee for each tiny output.
+
+Because of this fix, Litecoin's UTXO set is much more manageable than Bitcoin's. But the pull request for this that I created against the bitcoin codebase was rejected 3 years ago: https://github.com/bitcoin/bitcoin/pull/1536
+
+One of the reasons why I created Litecoin was because it was hard for someone like me (who was a nobody back then) to make any changes to Bitcoin. Having a different set of developers take the code in a different direction can only be good for the resiliency of the whole cryptocurrency movement. And that is why there is value in altcoins.
+You are all kings here.
+
+You are the ones born to do the REAL WORK.
+
+While everyone sits comfortably behind their monitor doing exactly fuck all, YOU are putting your money where your mouth is, and taking the fight to financial terrorism.  Right to their doorstep.
+
+Occupy Wall Street had them shitting their pants, but it fizzled because the average American is too god damn lazy to do anything but complain.
+
+They thought they had gotten away with it, but I have news for them, this collective of individual investors will prevail where others have failed.
+
+These investors are relentless in their pursuit of justice.  The float will be locked.  The synthetic shares will be exposed, and GameStop will become profitable.
+
+To the DD writers of legend, I salute you.  You know who you are.
+
+Spirits remain unbroken, resolve intact.  The MOASS will be had, and a system of corruption and oppression will be undone at the seams.
+
+Why?  Because a bunch of people decided enough is enough, and ACTUALLY DID SOMETHING ABOUT IT.
+
+Cheers!
+
+Edit: They fear this sub because it's galvanizing.  It terrifies them.
+https://www.usatoday.com/story/money/cars/2018/05/23/tesla-spacex-ceo-elon-musk-media/638253002/
+
+https://www.cnbc.com/2018/05/23/elon-musk-complains-of-holier-than-thou-hypocrisy-of-media.html
+
+https://www.cbsnews.com/news/elon-musk-tweets-accusing-media-companies-of-sugarcoating-lies/
+
+https://jalopnik.com/heres-elon-musk-ragging-on-the-media-again-which-his-c-1826269050
+
+For someone in "production hell", he seems to have oodles of time to spend throwing tantrums on Twitter about how not everyone is fawning over Tesla. If someone at Tesla cared and wasn't a "Yes person", they'd tell him to stop tweeting. Bezos isn't on Twitter all day obsessing over anyone who doesn't say something nice (or is short) Amazon because he's too busy running Amazon. 
+
+EDIT9: Update from PM_ME_DANK_PEENS, read and come to your own conclusions and/or do your own DD
+https://www.reddit.com/r/Superstonk/comments/rgpa9h/this_keeps_getting_buried_if_you_have_ally_as/
+
+Update: seems like I've been banned for 7 days for spamming, good luck and do your own DD to all those who DRS-ed your IRAs with custodians, hope you don't get screwed
+
+I won't be able to reply, so DM me or tag me in another sub. I'll continue to update this post with evidence gathered by other apes so if anyone wants to carry the torch to make a new post, you will be able to
+
+EDIT8: Can they sell your shares without permission?[https://www.reddit.com/r/Superstonk/comments/reauv5/comment/hog0569/?context=3](https://www.reddit.com/r/Superstonk/comments/reauv5/comment/hog0569/?context=3)
+
+EDIT7: `/u/_foo-bar_` ([context](https://www.reddit.com/r/Superstonk/comments/refbzp/your_ira_drsed_shares_held_in_custody_are_being/hoe4fqa/?context=3)) just provided an update, foobar did not provide hard written evidence yet.
+
+>I called this morning. I was connected to a call center agent. She said yes IRA in a custodian account are held as book entry and they are removed from the DTC. They are held in the name of the custodian on your behalf.  
+>  
+>She had a hard time understanding why I was asking all this so that’s the best answer I could get. I was unable to get the chat bot to connect me to a human. I’m going to send an email to them now asking the same questions. I did ask about talking to someone higher up, but she wasn’t able to.  
+>  
+>This leaves the question can shares that have been withdrawn from the DTC but held by the custodian be somehow lent out by the custodian? I’m not sure how they could be if they’re in book entry form and not at the DTC. I will try to get a better answer by email.
+
+EDIT6:  /u/Parris-2rs ([context](https://www.reddit.com/r/Superstonk/comments/refbzp/your_ira_drsed_shares_held_in_custody_are_being/ho7oy39/?context=3)) and `/u/_foo-bar_` ([context](https://www.reddit.com/r/Superstonk/comments/refbzp/your_ira_drsed_shares_held_in_custody_are_being/ho94zoq/?context=3)) have taken it upon themselves to check with ComputerShare and provide evidence to the contrary. Let's patiently await to hear from them on Monday. I'll update this post (and likely make a new one) once they share their findings with us.
+
+Post [died in new](https://www.reddit.com/r/Superstonk/comments/rdo33w/what_does_it_mean_for_my_ira_drsed_shares_to_be/), reposting.
+
+I'm sure many of you have seen [kitties-plus-titties](https://www.reddit.com/u/kitties-plus-titties/) posting this same comment across different threads. I did, and initially dismissed her claims until her persistence finally got me to try to help.
+
+[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/rcdkdo\/credit\_to\_ukittiesplustitties\_ira\_discussion\/ ](https://preview.redd.it/jgu2av0ep0581.png?width=686&format=png&auto=webp&s=acc1efe9b738d9c670faaa4eab699be91f3f0577)
+
+I'm also sure many of you have seen youniversawme 's [post](https://www.reddit.com/r/Superstonk/comments/r0zpsa/drs_for_ira_stepbystep/)
+
+[Extracted from youniversawme's post -  statement from Ally](https://preview.redd.it/tl2zp20ip0581.png?width=607&format=png&auto=webp&s=5c08ffe8eb95bc4800b17753bab696407e495c93)
+
+And also saw PCBSD2's [post](https://www.reddit.com/r/Superstonk/comments/re378o/keep_this_from_being_downvoted_how_to_get_those/)
+
+[Extracted from PCBSD2's post - markings are mine](https://preview.redd.it/boux9su9p0581.png?width=879&format=png&auto=webp&s=f99a593c3a3f5b4298cc22578a79c83680bf8f44)
+
+[FIDELITY VS AER ADVISORS LAWSUIT](https://www.supremecourt.gov/DocketPDF/19/19-347/115806/20190913171623872_AER%20Advisors%20Inc%20et%20al%20v%20Fidelity%20Brokerage%20Services%20LLC%20-%20Petition%20for%20Writ.pdf)
+
+[https:\/\/www.supremecourt.gov\/DocketPDF\/19\/19-347\/115806\/20190913171623872\_AER%20Advisors%20Inc%20et%20al%20v%20Fidelity%20Brokerage%20Services%20LLC%20-%20Petition%20for%20Writ.pdf](https://preview.redd.it/eyqt07c301581.png?width=443&format=png&auto=webp&s=1476fd9bf070beff4e17f463e58cb5043401df67)
+
+This is youniversawme's TL;DR from his post
+
+>TL;DR  
+>  
+>Steps I took to DRS my IRAs:  
+>  
+>**Step 1:** Open and transfer to a matching type IRA at Ally Invest (or Axos, or any other that agrees to be custodian for a DRS transfer)  
+>  
+>**EDIT: When asked to "enroll in the Securities Income program" or some crap -- read the fine print: it is asking if you want to make money LENDING YOUR SHARES. Check HELL NO ☑️**  
+>  
+>**Step 2:** Upload a LOI (Letter Of Instruction) with a bunch of info on it. Cost = $115.  
+>  
+>EDIT: [Here is a Letter of Instruction template](https://imgur.com/a/Be3qBxk) made and shared by [u/lucidfer](https://www.reddit.com/u/lucidfer/) based on my chicken scratched letter. It worked, and feel free to use it as needed!  
+>  
+>DRS = Safe Zone. Computershare will protect the beneficial owner (me) from any attempted shady transactions of my shares via mail to me and allow me to override said shady transactions.  
+>  
+>If you have issues with the custodians here, Apex or Axos, scroll back up and read that part. I did too, but CS pretty much put them at ease.  
+>  
+>**Step 3:** When it's time to transfer out of DRS, lots of ways to do it, but the easiest (=upload 1 form), fastest (=1-2 days) and cheapest (=free) is to use the DRS Profile system through **the broker of your choice**, to wherever you want the shares to go.  
+>  
+>For me, confirming that Step 3 was a game changer. Not so much to be able to transfer out to sell quickly, but to have the ability to easily transfer out my IRA shares to ANYWHERE I want them to go.
+
+So who's correct? Can your shares be lent out despite being "directly registered" in Computershare?
+
+Notice the quotation marks as the "direct registration" you see youniversawme and PCBSD2 advocating is FUNDAMENTALLY DIFFERENT from the "direct registration" of non-IRA shares THAT ARE ACTUALLY REGISTERED IN YOUR NAME in GAMESTOP's Company Ledger.
+
+Let's find out if their claims are true!
+
+​
+
+In youniversawme's TL:DR
+
+This is very important to note
+
+1. **EDIT: When asked to "enroll in the Securities Income program" or some crap -- read the fine print: it is asking if you want to make money LENDING YOUR SHARES. Check HELL NO ☑️**
+
+​
+
+**Why does them asking about lending your shares matter?**
+
+It means your IRA shares are registered under Ally's name! And with a switch, they can just turn on lending behind your back, [just like Fidelity did above](https://www.supremecourt.gov/DocketPDF/19/19-347/115806/20190913171623872_AER%20Advisors%20Inc%20et%20al%20v%20Fidelity%20Brokerage%20Services%20LLC%20-%20Petition%20for%20Writ.pdf).
+
+**But, but...It says DRS invoice #: 0000000000000, so it's DRS-ed and the shares are registered in your name!**
+
+Yes, I hear you. Aside from the shady invoice number you're given that you should think about, the statement is provided by Ally.
+
+**Why does the statement being provided by Ally matter?**
+
+Ally was one of those brokers that turned off the buy button back in January. Can they really be trusted for what they tell you? Are they incentivized to convince you that your DRS-ed IRA shares are in your name when they are ACTUALLY NOT? Yes. Because of share lending.
+
+**Okay, I don't trust you, this must be a FUD campaign by you shills to discourage us from transferring our IRA shares to ComputerShare!**
+
+Sure. You don't have to trust me and I'm not asking that you do...
+
+​
+
+**So who can we trust to find out the truth?**
+
+I'm glad you asked. This [person](https://www.reddit.com/user/me/)....ComputerShare is the authoritative reference that everyone should ask regarding direct registration.
+
+**But, but, I eat crayons, I'm too smooth-brained and don't know what to ask them!**
+
+No worries, [The\_Kudzu](https://www.reddit.com/u/The_Kudzu/) got you covered. Here are some questions he specifically asked them (replies in screenshot below). Added \[square brackets\] for context. If you have better questions to ask, feel free to add in the comments and I'll edit them in the post. (I thought of the last 3 questions myself)
+
+1. For clarity, these \[IRA shares registered via Apex as custodian\] are direct registered shares in my name correct?
+2. In the case of a dividend being issued to custodial shares the dividend would be paid out through you to me, correct?
+3. As custodian does Apex have any ability to sell these shares, or am I the sole individual that can issue a sell request?
+4. Are these shares removed from DTCC? Are they **Beneficially Owned Shares** or **Registered-Ownership Shares**? (see ComputerShare Company Share Structure image below)
+5. Are my self-directed IRA shares with Camaplan removed from Cede & Co and registered in my name as a registered shareholder in GameStop's ledger?
+6. Can my custodian (or Camaplan) lend out my shares with or without my permission?
+7. EDIT4 ([context](https://www.reddit.com/r/Superstonk/comments/refbzp/your_ira_drsed_shares_held_in_custody_are_being/ho874m2/?context=3) by u/tinytankhank) Am I the Legal Owner or Beneficial Owner of my shares?
+
+# Possible Proof from The_Kudzu that your shares are NOT REMOVED from CEDE & CO
+
+[ The\_Kudzu's due diligence with ComputerShare chat https:\/\/www.reddit.com\/r\/Superstonk\/comments\/rcxt3p\/ira\_drs\_information\_regarding\_custodial\/ ](https://preview.redd.it/e03rc87op0581.png?width=1303&format=png&auto=webp&s=6b995a1c0be92bbeb68a1b056d9523c0a20317b9)
+
+Now go forth and do your own due diligence to ask ComputerShare for answers.
+
+And I implore you to share evidence of your correspondence in this thread, link to a ComputerShare chatlog, or a recorded voice call with ComputerShare, or an email reply by ComputerShare, or *via the contact form on their website* (EDIT3 Additional source of info by u/Jay4usc). This will help build evidence-backed consensus and get us closer to the truth .
+
+For those planning to DRS via [Camaplan](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/), I suggest you verify the same questions above with ComputerShare as well.
+
+**If they tell you your account is under Checkbook Control, that's another way of saying beneficial ownership.**
+
+[\/u\/Toxsic99 - ComputerShare's company share structure - This could be a TL;DR of sorts https:\/\/www.reddit.com\/r\/Superstonk\/comments\/q0mu9l\/computershare\_cs\_now\_has\_a\_diagram\_that\_shows\/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf ](https://preview.redd.it/3skb0j8rp0581.png?width=894&format=png&auto=webp&s=ca860a5a6c5dfdb1ffa063f0e95646f02c3fae49)
+
+# 
+
+# AFTERNOTE
+
+**But..But..ComputerShare doesn't want to entertain my questions!**
+
+Transfer ONE share over and ask them! That will give you skin in the game. A 1 share holder is still a shareholder as much as an XXXX share holder.
+
+**So I've verified your claims with ComputerShare, wut do? I can't DRS my IRA shares** 😭?
+
+[/u/Cextus](https://www.reddit.com/u/Cextus/) has [this](https://www.reddit.com/r/Superstonk/comments/rcybn6/so_fidelity_was_asked_if_there_could_be_any/hnzbbjy/?context=3) to say:
+
+>I sent an email to gamestop IR, about enabling us to register SDIRA under CS... Let's see what they say.
+
+As for me, my hope is that if enough apes ask about it, GameStop will have their transfer agent enable this service for their shareholders and customers, fingers crossed.
+
+# EDIT5: If you haven't tried transferring your IRA shares directly to ComputerShare with their transfer wizard, give it a shot and let us know how it goes! ([Context](https://www.reddit.com/r/Superstonk/comments/reauv5/ok_guys_im_here_to_clarify_the_fudconfusion_about/ho6kdhf/?context=8&depth=9)) do verify the URL yourself
+
+[https://www-us.computershare.com/TransferWizard/default.aspx?ReturnUrl=%2ftransferwizard](https://www-us.computershare.com/TransferWizard/default.aspx?ReturnUrl=%2ftransferwizard)
+
+​
+
+Or just take the tax hit (early distribution, transfer-in-kind) like [Doom\_Douche](https://www.reddit.com/u/Doom_Douche/) and a few others did, [more info here](https://www.reddit.com/r/Superstonk/comments/r7hzl1/drs_your_ira_the_yolo_way/), the key point: THE 10% PENALTY ONLY APPLIES TO YOUR GAINS AND NOT THE PRINCIPLE OR CONTRIBUTIONS. **Or wait till Jan 2022 so the taxman only comes in 2023, giving you plenty of buffer to build up the funds to pay your taxes.**
+
+EDIT6: Do check out /u/lovely-day-outside's new [DD](https://www.reddit.com/r/Superstonk/comments/rerlhp/potentially_large_tax_implications_of_an_inkind/) on possible tax implications!
+
+​
+
+# EDIT: I GOT TRICKED! HOW CAN I MOVE MY SHARES AND ACTUALLY DRS THEM FOR REAL?
+
+[u/PM\_ME\_DANK\_PEENS](https://www.reddit.com/user/PM_ME_DANK_PEENS/) got you covered in his new [post](https://www.reddit.com/r/Superstonk/comments/reauv5/ok_guys_im_here_to_clarify_the_fudconfusion_about/) and also verified the claims in this post, check his post out!
+
+https://preview.redd.it/9mafgems61581.png?width=1125&format=png&auto=webp&s=cc672f874ddef47b3046791f610999ab53d6c183
+
+​
+
+P.S. For those who have done their own DD to verify the claims in this post, given what you've learnt what do you think should be done to the misinformation that youniversawme and PCBSD2 spreaded?
+
+​
+
+Discussions on topic:
+
+[https://www.reddit.com/r/Superstonk/comments/rcdkdo/credit\_to\_ukittiesplustitties\_ira\_discussion/hnua8qp/](https://www.reddit.com/r/Superstonk/comments/rcdkdo/credit_to_ukittiesplustitties_ira_discussion/hnua8qp/)
+
+[https://www.reddit.com/r/Superstonk/comments/rco6gv/comment/hnyea9v/](https://www.reddit.com/r/Superstonk/comments/rco6gv/comment/hnyea9v/)
+
+[https://www.reddit.com/r/Superstonk/comments/rcdkdo/credit\_to\_ukittiesplustitties\_ira\_discussion/hnze0ho/?context=3](https://www.reddit.com/r/Superstonk/comments/rcdkdo/credit_to_ukittiesplustitties_ira_discussion/hnze0ho/?context=3)
+
+[https://www.reddit.com/r/Superstonk/comments/rcqz41/news\_dec\_9\_21/ho1zizw/?context=3](https://www.reddit.com/r/Superstonk/comments/rcqz41/news_dec_9_21/ho1zizw/?context=3)
+
+​
+
+EDIT2: Relevant DD by u/Corporal_Retard regarding share ownership
+
+[https://www.reddit.com/r/Superstonk/comments/rcvazb/dd\_the\_manipulation\_trifecta\_on\_this\_episode\_of/](https://www.reddit.com/r/Superstonk/comments/rcvazb/dd_the_manipulation_trifecta_on_this_episode_of/)
+
+​
+
+All credit goes to:
+
+[kitties-plus-titties](https://www.reddit.com/u/kitties-plus-titties/) for her perseverance and strength of heart to go against the prevailing sentiment to get the information out to the rest of us smooth-brains.
+
+[The\_Kudzu](https://www.reddit.com/u/The_Kudzu/) for entertaining my suggestions, and verifying and providing evidence from ComputerShare.
+
+[kendie02](https://www.reddit.com/u/kendie02/) and for entertaining my suggestions and trusting themselves to verify with ComputerShare.
+
+[Doom\_Douche](https://www.reddit.com/u/Doom_Douche/) for sharing information on the 10% penalty on gains for IRA shares.
+
+[Toxsic99](https://www.reddit.com/u/Toxsic99/) for sharing his DD on ComputerShare
+
+[Jalatiphra](https://www.reddit.com/u/Jalatiphra/) for helping to share the information and lovingly chastised me for not creating a post to share such important information. :P
+
+P.S. Feel free to crosspost to other subs, I take no credit
+I've been at FAANG for 4 years now and it's time to move on.
+
+I've narrowed down my offers to two fintech companies: one post-IPO and a series B. Both are great in their own ways and the comp packages seem fair. Generally, I've been a very conservative investor, but as my NW grows I've been slowing taking more risks.
+
+**Edit: why I want to leave a FAANG**
+
+* Politics (inside and out)
+* Process heavy; light on shipping projects
+* No longer innovating; not inspiring
+* Performance reviews suck. Harder to level up.
+* Not much learning opportunities left
+
+The things I enjoy the most with my work is designing and shipping products. I am a well-rounded designer that overlap with a cross-functional team; I think like PMs and Engineers. My goal is to have fun building products while on my financial journey.
+
+**The main questions I have:**
+
+* For those who went through something similar, how did you decide between going the startup route vs an established company that issues RSUs?
+* Given my NW, how should I think about these two options?
+* If I believe the startup's worst case scenario is $1B valuation, should I take the startup?
+
+**Post-IPO fintech**
+
+* $250K salary
+* $180K RSU per year
+* Post-IPO; 40-60B market cap
+
+**Series B fintech startup**
+
+* $250K salary
+* 0.38% shares of stock options (4 year vest)
+* $175M series B valuation @ \~2 years old
+* Competitors valued between $1B and $25B; only found 1-2 competitors in this space who are about to IPO in the next 2-12 months.
+* Strong user growth, established revenue with just 1 product. Building a 2nd new product next
+* \~30 employees as of today
+
+My original goal was to grow my NW to $5-7M then retire. But as I age into my early 30s, I realized I enjoyed working and was too focused on the destination rather than the journey. This year I've been slowly making changes to enjoy life along the way. That means spending more (my current savings rate is 80%).
+
+Like many here, my NW has grown significantly over the last 2-4 years.
+
+**Net worth**
+
+* \~$2.1 combined NW (married)
+* 60% in real estate / 40% in stocks (total in taxable and non-taxable accounts)
+* VHCOL
+* Early 30s
+
+Posted on a throwaway account.
+
+​
+
+**Edit:** corrected the series B shares
+I don’t have too much to add. I’ve been watching it closely since Elon’s negative comments on SNL. It’s  been going down steadily but seems to be dropping faster since it’s broken 40k.  Down about 9% today and down 25% the last 5 days. It’s down 12% now and it’s only been 5 more minutes.
+I've got 100 shares of Sofi at a price of 21. It's currently at $13.74 (ouch) do I buy more to lower the average cost or sell a ratio spread against it? Which one would u do?
+Its at a call center which I am not a fan of and I am hoping this job Im interviewing for on friday for a warehouse goes through but its a job none the less!!!  After four years of treatment Im finally getting off SSDI (Bipolar II), Medicaid, Medicare and food stamps!  I'm still poor but I will be a fully fledged productive member of society again! 😀
+
+
+Edit: Thanks to everyone for their kind words and updoots! :)
+Hello beautiful apeys!!!!
+
+I was brainstorming with some wrinkled apes in a chat and we came to an astounding conclusion.
+
+u/dilkmud0002 just posted [this](https://www.reddit.com/r/Superstonk/comments/tsand2/what_the_hell_happened_yesterday/) *(Mods deleted it in the middle of me writing this)*
+
+*edit:* [*he reposted it*](https://www.reddit.com/r/Superstonk/comments/tsdbut/what_happened_yesterday/)
+
+TL;DR on that is that every DRS'd share shifts liability to the broker for x amount of synthetic shares  *(However many actual synthetics there are. For all we know there could be 20 or 50 synthetics for every 1 real share.)*
+
+By shifting liability to the broker, that forced the system to look for shares. Liquidity was so dry yesterday that the only shares available for purchase were the limit orders at CS for over $200K.
+
+That got me thinking..
+
+Why?
+
+It didn't make any sense to me considering they have an unlimited synthetic printing machine. How in the world did the liquidity ever get that dry to begin with?
+
+Then it clicked.
+
+Why the fuck are they routing 90% of orders through dark pools?
+
+Because they control the rules in the dark pool. They can create as many fake shares as they want there.
+
+According to [Investopedia](https://www.investopedia.com/terms/d/dark-pool.asp)
+
+>Dark pools are **a type of** **alternative trading system** **(ATS) that gives certain investors the opportunity to place large orders and make trades without publicly revealing their intentions during the search for a buyer or seller**.
+
+Retail buying pressure through brokers have 0 effect on price. Because retail orders are being routed through the dark pool synthetic process.
+
+Exercising options have 0 effect on price because they're internalizing the order and giving you a synthetic.
+
+But CS buys are different.
+
+Every time you buy a share on ComputerShare, you're sending the order officially to the real live legit lit market. And that's when supply and demand comes in and affects the price.
+
+CS buys come in batches.
+
+Retail broker buys don't count, they all go to the dark pool.
+
+There's plenty of liquidity in the dark pool since they make their own rules.
+
+That's why you can buy a share on WeBull or Robinhood or Fidelity or w/e...
+
+They didn't halt trading for brokers, for retail's sake... They didn't run out of liquidity for retail brokerage orders, because they all are routed to dark pools.
+
+They halted the TICKER because on the lit exchange there was 0 liquidity at the $200 range. No one was selling.
+
+If the CS buys went through they would have bought FRACTIONAL SHARES at $220k.
+
+Because CS buys based on dollar amount rather than how many shares you want..
+
+People would have seen 0.000001 fractional shares in their accounts and it would have been on record that GME was purchased for $220k. They couldn't have that.
+
+This sparked another thought..
+
+**Brace yourselves for this because it could be the one bit of logic that triggers another wave of DRS FOMO..**
+
+If every DRS share shifts x amount of liability to the broker.. When the float gets 100% DRS'd, that means brokers are going to be on the hook for those shares when you try to sell 1 share for hundreds of millions of dollars.
+
+Because each synthetic they have is linked to a real share. Which they don't have. Because they're all on CS.
+
+Yes, SHF have to buy back billions of shares. They have a contract to buy them. But you can't close a position with a synthetic IOU. Only a real share. If every share was DRS'd, they wouldn't be able to buy the shares from brokers. They'd have to buy them from CS.
+
+As evidenced by the only shares being available yesterday being the ones with limit orders from CS.
+
+Think about it... Yesterday we saw a peek behind the curtain.
+
+People want actual legit proof that DRS does something? Look at yesterday. Period.
+
+We saw what happens when real liquidity dries up on the lit exchange and synthetic share liability get's transferred to the broker due to DRS. They had to STOP the whole ticker and create new synthetics. Not for retail but for the brokers..
+
+So long as there are actual shares NOT DRS'd, they can create unlimited synthetics based on those real shares. But the second ALL shares are DRS'd, they can't create any synthetics based on them.
+
+That's when liquidity actually dries up and new CS buys will come from CS limit orders and you'll only be getting 0.0000001 fractionals. And the price on the ticker will be astronomical because fractional shares got bought starting at over $200k.
+
+And that's when brokers turn off the buy AND sell button because they can't compete with those prices because they don't own real shares. Brokers are just doing CFD *(which is why they try so hard to convince you not to DRS when you talk to them on the phone)* and this will expose it all.
+
+Brokers may either go bankrupt and broker apes would have to deal with SIPC to get their tendies, OR they pull an LME situation and roll back trades. They're going to pull some fuckery, we saw the beginning of it yesterday. Who knows what fuckery they actually have planned.
+
+This is just my dumbass opinion, but the only way to guarantee your tendies is to DRS at this point.
+
+Because remember, they can't close with synthetics. Logically the only apes getting the phone number payout are the DRS'd apes.
+
+Just based on what we saw yesterday. When MOASS kicks off, it's looking directly at CS limit orders.
+
+Nothing else satisfies the beast.
+
+TL;DR: DRS your shit. Not financial advice.
+
+​
+
+Edit 2: Lightbulb moment..
+
+Reason the 420.69 orders didn't go through were because those are synthetics. The orders needing to be filled were CS orders.
+
+CS orders must not accept synthetic shares.
+
+CS was looking for real shares with a serial number. It was going to buy the $200k+ and deliver fractionals.
+
+They didn't flood the market with synthetics during the halt. They had to locate real shares.
+
+Enter BlackRock.
+
+I think BlackRock had to sell real shares to fill the CS orders so that the price didn't skyrocket.
+
+That's why the borrow fee went down, and that's why there were so many new shares to short/borrow.
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE).
+Hey ASX Bets Fam,
+
+I propose that we start up a new challenge. This challenge will consist of us investing our whole entire month's pay check, 4 x weeks pay or 2 x fortnight's pay per month. The challenge is to use our work pay funds and deploy it either into 1 x single stock per month or 1 x etf. The challenge will start from this  July 1st and our last purchase will be December 1st. You can purchase 6 new stocks, or you can purchase 6 same stocks, same goes with ETF's. Instead of trying to time the market we are trying something new.
+
+In order for you to participate in this challenge you will need to have some emergency funds to live of the next 6 months.
+
+The goal is to not sell our stocks, but to come back by end of 2021 and checking our results.
+
+Who want's to join me in this quest ?
+
+\*Dates Must Purchase   
+July 1st   
+August 3rd   
+September 1st   
+October 1st   
+November 2nd  
+December 1st
+
+  
+
+When I asked them to show me where it says in the terms that referred to this portion
+
+"The covenants for your community were recorded in 89, prior to air B&B’s, short term rentals.  
+
+CC&R Article B-Section 4,  Nuisance…Nothing shall be done on a lot which may become a nuisance to the neighborhood.  Article B, Businesses:  No trade, craft business, profession, commercial or manufacturing enterprise or ***business*** or commercial activity of any kind shall be conducted or carried on upon any Lot or within any building located in this subdivision.  "
+
+My questions are do these terms cover short term rental to you?
+
+Is this worth fighting?  If so what should I do?
+
+If the terms aren't clear enough and I do it before they change the terms, am I grandfathered in?
+Recently I have been looking at buying a dirt bike on the used market, and have been surprised I am not the only one, demand is sky high, dealers are sold out of new bikes, and the used market as a result is massively over-inflated with even 20 year old bikes selling for thousands more than they normally would.  
+
+
+No one in the dirt bike community really understands why this is going on. The most common theory is it's due to people cashing out super to spend on bikes, or another one I heard today is since people are not spending on trips to bali they are buying dirt bikes instead.  
+
+
+I'm sure this isn't the only little sector of the economy experiencing this though and I would be surprised if there isn't someone out there who understands what's happening.   
+
+
+Have you guys noticed anything similar in other parts of the economy? Does anyone have good theories as to what drives this? And when can we expect things to return to normal?
+I've been a minimum wage retail slave since finishing community college.  My parents were broke immigrants and it was always a struggle making ends meet.  Before all this I dreamed about saving up a measly five thousand dollars so I started to play options which led me to the gambling sub.
+
+When the buy button was turned off I KNEW some shit was going down.  When it crashed back down to forty I dumped all I had into it.
+
+Everyone was screaming that it was a pump and dump.  That I'd lose everything.  That I'd be a bagholder.
+
+But really, what's a couple hundred bucks when I'm already rockbottom?  That's what I thought.  I was hoping to make a few thousand dollars so I wouldn't be riding the line of homelessness constantly.
+
+While MSM screamed that hodlers were losing money....I watched my unrealized gains hit my dream amount.....then higher....then higher...then higher.
+
+Since then I've set up automatic deposits into computershare twice a month every paycheck.  Yeah I'm barely scraping by.  I got an inflation raise but it's still pretty much minimum wage.
+
+But for the first time in my life I don't just have a couple hundred bucks saved up.   I have moon tickets that are already showing green.  Already showing me more money than I ever dreamed I could make as a community college graduate 2nd generation immigrant.
+
+This is my chance.  I've already succeeded.  I like the stonk and the stonk likes me.
+
+Buy. Hodl.  Drs.
+
+🚀
+https://www.valueresearchonline.com/stories/49842/customers-vs-shareholders
+
+>There's an idea that comes around from time to time that satisfied customers indicate a good investment. Can customer satisfaction and high returns for shareholders be shown to correlate, let alone an actual causality?
+
+>The funny thing is that as soon as I start examining the idea, counterexamples start occurring to me entirely automatically! There are businesses with which I am personally delighted as a shareholder but with whom my experience as a customer is not quite in the same league, to put it mildly. India's most-profitable private sector bank is the first name I'd put on this list, but it's certainly not the only one.
+
+>When I look at the actual experiences of customers vs shareholders, then something less cheerful suggests itself. While it's nice to have customers who are satisfied, it's even better to have customers who are unable to walk away. Businesses love customers who cannot go away no matter how dissatisfied they are. You can't choose and switch to another bank easily. You cannot walk out to another electricity-distribution company. Note that these are licensed businesses where the government acts as a gatekeeper. Telecom companies were in the same category, but then number portability changed the game.
+
+>As I'm writing this column, Facebook and its other services are just recovering from an hours-long worldwide shutdown. Are you going to switch to alternatives for Facebook, Instagram and WhatsApp as a result? For those enmeshed deep into using these services, the idea is unthinkable. A company like Facebook doesn't have customers; it has hostages. At least that's true of people who use the services, but not the real customers, who are the advertisers.
+
+>All this brings one to the uncomfortable conclusion that companies with customers who are hostages are as good (or better) bets for investors than those who have satisfied customers. At the end of the day, a profitable business is one that can ensure that customers keep paying it while it spends as little as possible on them. Happy customers are one way of doing it, but customers tied to you is another. As the example of telecom companies and number portability shows, regulatory authorities have to recognise this and find a way around it. Bank account portability? Is that an idea whose time should come?
+https://finance.yahoo.com/news/bonds-wave-red-flag-u-110000878.html
+
+(Bloomberg) -- The tea leaves of the world’s biggest bond market are producing a much-more foreboding reading than those of U.S. stock prices.
+
+America’s equity indexes are holding well above their pandemic-induced 2020 lows, yet the Treasury market increasingly is foreshadowing doubt over the pace of the economic rebound as new virus cases slow re-opening plans in many states. Ten-year real yields, considered a more-pure read on growth since they strip out inflation, have dropped for the past six weeks and hover at about -0.85%.
+https://www.dw.com/en/former-wirecard-ceo-markus-braun-arrested/a-53905720
+
+>Prosecutors have arrested the former head of German payment services provider Wirecard on suspicion of accounting fraud and market manipulation. Munich's prosecutor's office announced the arrest on Tuesday.
+Got home from work today and caught up on SS.  Decided to DRS half of my remaining shares in fidelity.  Called, got through quickly and after 3 total minutes I was done.  But the rep I spoke with said this may take 2-6 weeks. I’m high as a kite so I said “ok thanks” and hung up. I texted a fellow Ape who was doing the same thing, but his rep told him it would take 2-3 business days.
+
+Then I remembered a post a few months back saying to ask to file a complaint with their compliance department if you are told DRS would take weeks.
+
+So I called back, and miraculously got the same rep.  Here’s our convo:
+
+ Me: “I just spoke with a friend who did this exact same thing and he was told it would only take a couple of days, I realized the only reason it would take 2-6 weeks is if Fidelity does not have my shares in their possession, so I would like to file a complaint with your compliance department” 
+
+while she was “confirming” that 2-6 weeks was actually accurate, she said “While I’m pulling this up let me explain how this works..fidelity does not lend out your shares…”
+
+I cut her off and said “I know how it works.  I don’t really care if you lend my shares out or not, my issue is that for whatever reason you don’t currently have them because that is the only explanation for this process taking any more than a few business days.”
+
+Her: “do you want me to grab my supervisor for you and he can file your complaint?”
+
+Me: “that would be great as long as he is from your compliance department”
+
+Her: “let me put you on a brief hold”
+
+Fifteen minutes later (after the call to initiate DRS took a total of 3 minutes), she came back and said “I apologize I was looking at incorrect information, the process should only take 2-3 business days”
+
+Don’t let them bullshit you, and don’t settle for a supervisor, demand to speak to someone from their compliance department due to them not having your shares in their possession.
+
+
+TL;DR: If Fidelity reps tell you DRS will take 2-6 weeks, all you have to say is “I WOULD LIKE TO FILE A COMPLAINT WITH YOUR COMPLIANCE DEPARTMENT” don’t let them scare/bully you out of DRSing!
+
+Edit: Can’t change the title, but apparently this may not be a FINRA violation.  Bottom line, it can’t hurt to ask to speak to Fidelity’s compliance department to file a complaint if you are told you have to wait more than 2-3 business days
+I apologize if this isn't the best place to ask this, but you all have been really helpful before and I don't know any better subs, so if there's a more appropriate place to ask this in, please let me know. 
+
+My mom was out of work for six months due to what we thought were surgery complications, but turned out to be colorectal cancer that was never caught and is now stage 4. She was also terminated today since she won't be able to go back to work for the foreseeable future. I'm trying to figure out how to navigate COBRA, Medicaid (Missouri Healthnet), disability benefits, if cancer even qualifies as such... and I'm at a total loss. Her insurance stops covering her at the end of this month, and she's in the middle of chemo and needs home health, so unfortunately we don't really have any more than two days to figure this out. Now what?
+
+She lives in Missouri, mid 50s, two children living at home, one working adult, the other in high school.
+
+Edit: I'm aware that medical advice gets removed, so I'm just asking for help navigating coverage options. Feel free to PM, too. 
+
+Edit 2: Holy moly, you are all wonderful people. I can't thank you all enough. I've received a lot of PMs too and if I had more time I'd reply to each and every one.  I've been a student up until last summer, and so I've kind of been thrusted into the grittiest parts of adulthood really fast, but I've made a lot of phone calls today, and I feel like I have a grasp on all this. I'll reach out more tomorrow and next week to different resources and see what other options we have. I'm sure our battle with this has only just started, but you all have given me a lot of information, advice, and resources to refer to that I'll definitely need going forward. 
+
+Word of advice to anyone who hasn't yet found themselves in a similar situation: HAVE AN EMERGENCY FUND. I was the only one among my siblings to have one when this started, and had I not had that I seriously cannot imagine what would have happened to my family. 
+
+My mom has no idea what Reddit is and that I threw this question out here, and hopefully when we get to a good place regardless of her prognosis, I can tell her about all the kind people who helped her out through this. 
+this is a post to motivate and appreciate our fellow investors not from finance background to show their best or most memorable trading moments and share about the beginning of their journey.
+Hey Guys, this might not be interesting, but I thought it was curious given the current state of the property market.
+
+I recently bought an apartment (no, not a new one). It was listed Nov last year for 435k+. It lowered in price twice to 400. I got interested, offered 380 and raised to 385. Got knocked back, walked away. They got in touch a few months later and offered it to me for the 385. I said no and the listed price subsequently dropped to 385. I eventually offered lower than 385 and had it accepted at what I offered. 
+
+It settled but the realtor took a while to change the listing to "sold." I showed a few friends the listing after settlement to show them what I got and all the while it was still listed at the "385+" it had been lowered to way back when. Last time I checked the listing had been changed to "sold" but the curious thing is that the realtor, when designating it as "sold", took the liberty of raising the price to 390... now of course they are under no obligation to let the world know what the seller got/what I paid but it's also very cheeky to raise the price in that way.
+
+(Side note, is this what the price look up feature draws on? In 10 years time if someone looks up what I paid will it show this new price or the true price?)
+
+Apologies if a boring story - downvote away.
+BEARISH (Negative) EXPOSURE TRS/ETRS: The Full Run-Down; Why The Market Is Most Definitely F**ked
+
+ I presume most of you have read u/Criands recent DD on how HFs could be hiding their shorts by using Total Return Swaps and how this might be the reason for the 3-month cycles we are seeing.
+Just in case here is the link for reference.
+https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
+
+Not an easy subject but after reading it 57 times my few brain cells managed at least to roughly understand what he was talking about hence I did some further digging to see how the “Swaps Basket” approach is used in practice and whether those quarterly spikes is all we get or what the critical element could be, you know - the catalyst, straw which breaks the camels back, banana up Kenny’s butt, rocket fuel etc 
+
+
+Beside other stuff I came across the post of a guy on another forum who apparently works in that industry of darkness  and deals with that Swap crap in his daily job (don’t know how you can do that for a living I’d rather count rusty nails the whole day...). So big credit goes to u/zyzzbrah21 for sharing his insights and being on the right side in this fight. Since it’s not possible to cross-post on Superstonk I decided to copy parts of it below as I think it really helps to understand how the Total Return Swaps DD works in practice and how this Ponzi scheme could take down a lot more institutions than just the Hedgies in the front line. Hope you fellow apes find it as fascinating as I do...
+
+TLDR: Hedgies r fcked as usual, but not only them...
+
+
+Let me preface by saying, my brain is incredibly smooth, but because I have all my FINRA licenses, this is financial advice (oops). Now I started off as a smooth brain retard in college with a mid 2.0s GPA and somehow by the stroke of luck (and lying on my resume, why? bc fuck their standards) I managed to get a role in Fixed Income Sales Trading at one of the Bulge Bracket Banks. (Very happy to verify this with the mods if they need me to).
+
+Over the last few weeks, I've started digging into a good amount of TRS/ETRS for both fixed income and equities at work and there is something that I uncovered that really painted a picture of just how fucked the world is because all these idiots that I work for and work with have gambled all of our money away over the last decade.
+(Now this has been talked about, but I want to dive a bit deeper on the dominos) Alas, I give you: The Bearish Exposure Total Return Swaps (Negative TRS). Now I'm not good with pictures and graphs.. like I said low 2s GPA. but try to stay with me.
+
+So I work in FICC sales in which we deal a lot with TRS on Fixed income securities such as Libor, SOFR, various, benchmarks, and Treasury Bonds. That is fairly simple:
+
+US 30Y Bond TRS:  
+Counterparty A (Kenny) pays Counterparty B (Investment Bank) a fixed rate (0.05%) on X Notional (1BN for example)  
+Counterparty A (Kenny) receives Total (positive) Return (or pays Total loss) on 1BN 30Y Bonds over a set period of time (months or years)
+
+Now as a TRS trader at an investment bank, it's fairly simple to hedge this position. You turn to your bond trader next to you and have him sell you 100BN 30y bonds that way if Kenny's position increases, you are ok because you actually own the asset as your hedge. No matter what, you are walking away with the 0.05% fee that you are getting paid to do this which is a great deal.
+
+The same applies to equity TRS (think ape, think):  
+Kenny pays 0.05% and receives TRS on any stock or basket of stocks he wants.... At least that's the proper way to do it.
+
+But these clowns couldn't stop there... now I present to you: Bearish Exposure TRS on GME (or a meme stock basket):  
+Counterparty A (Kenny) pays Counterparty B (Investment Bank) a fixed rate (0.05%) on X Notional (1BN for example)  
+Counterparty A (Kenny) receives Total Bearish (negative) Return (or pays Total positive gain) on 1BN Notional of our favorite stock over a set period of time (months or years).
+
+Now here lies the problem, how the f\*uck does an Equity TRS trader hedge this thing. OH, THAT'S RIGHT, YOU TURN THE CASH EQUITIES TRADER NEXT TO YOU AND SHORT THE STOCK.  
+\-in this case, if GME goes down and Kenny is owed tendies, you are covered because you shorted the stock and can now pay out the bearish return while still making the fixed rate that you receive from Kenny. That a win?? Right?? Wrong.
+
+This is when I realized that the music had stopped and swiftly proceeded to move my entire 401k, and useless company stock to GME on top of what I already had.
+
+The reason citadel and friends need to use these bearish exposures ETRS's is because there may literally be no other way he can get a borrow to short the stock. Also, many market makers find it quite profitable to do these TRS's because of course they make their 0.05% and their heads are so far up their own asses that they assume the house always wins..... until now.
+
+The dominoes start to fall...
+
+As the next gamma squeeze approaches and market makers slowly eat themselves alive without realizing it, the following will unfold:
+
+1. SHF's now have un-imaginable short exposure to a basket of stocks (specifically concentrated in GME) in both short positions, optionality and, negative exposure ETRS. (god help us all).
+
+2. As call buying drives GME into a gamma squeeze (while market makers hedge their short calls), the value of the stock market will likely decay along with any collateral that short hedge funds have posted against their shorts.
+
+3. Some crusty fat guy up in risk management will walk in and realize the end is near and now they all gather to prepare for the end.
+
+4. our beloved marge is called.. now here is where it gets wild.... what happens when you fail a margin call??? That's right, forced liquidation.
+
+5. By now we are already seeing numbers we couldn't even imagine. but it doesn't stop there...With SHF's gone.. there is this one little problem... WHAT HAPPENS TO ALL THOSE NEGATIVE ETRS SWAPS?? I'll tell you what.. They go, poof. And when a TRS counterparty that was supposed to pay you if a stock goes up goes poof, no one and I mean no one will be able to pay you that return that you were owed by Kenny since the stock soared to infinity.
+
+6. And that's when you realize it’s all over because you just shorted a billion notional of a stock that's up 10000% to hedge a position that doesn't exist anymore. I'll let your imaginations paint the rest of the picture.
+
+7. You (the TRS trader) piss yourself as the walls close in, your boss comes over and takes a piss on you, his boss comes over and does the same. you're all covered in piss as you walk outside, jobless, to a bunch of apes with fruit up their ass that took you for all the money in the world.
+
+Once again, my brain is pretty smooth so there is some retardation to this all, but hopefully, it's enough for some of you to understand the general idea of it all. This is only a piece of the puzzle but it's one that they have been trying to hide because it really paints a picture of how deep the rabbit hole goes. SHF's, Prime Brokers, Market-Makers, DTCC, & The Fed in that order are going to feel whats it's like for the House to finally lose and I can't wait to stand there with you all when they do.
+
+That money in the caymans is ours, the money at the investment banks? Ours. The money at the Fed, believe it or not... ours as well. It's time to reset the natural order of the world. GLTA.  
+
+💪💎💎⚡️⚡️
+I just wanna buy a house out in the woods, get a good internet connection out there regardless of the cost, and just fuck off for as long as I want.
+
+I wanna walk around naked in my house, get drunk, and not have to worry about someone calling me or showing up to my door.
+
+I just wanna be alone with my thoughts, the last year has really made me enjoy my own company.
+This whole crypto-scene is not going down to 0.
+
+It's not going to dissipate overnight, nor in the medium term. Heck, I don't believe crypto-networks are going to be abandoned en masse in the long term ( 10 years) at all.
+
+
+I keep hearing the following argument over and over, well intended, but just brainlessly copied from each other:
+
+**"Do not invest more than you are willing to lose"**
+
+I tell you, **I have invested way more money** than I am willing to lose in crypto.
+
+How much of that money am I really willing to lose? About 50 %
+
+And that's exactly in line with the reasonable amount of losses in a realistic worst-case scenario. Because in a realistic worst-case scenario, expect the total crypto market cap to drop 50 % - as I said, it's not going to go down to 0
+
+
+How much would I advise to invest?
+
+* Step 1) Put out a number that you are willing to lose, say $3500.
+
+* Step 2) Now prepare yourself to be investing an extra $3500, so you are totaling $7000, which is indeed double as much as you are willing to lose
+
+If shit hits the fan in crypto, see your money drop from $7000 to $3500 and give up ( or don't give up and wait for recovery depending on the reasons for that drop).
+
+Then you will have lost $3500, which is exactly, what you were willing to lose.
+
+**Disclaimer:** This is assuming you are not going all-in with your money on 1 shady coin that gets delisted overnight due to network failure or something. This mainly applies to the reasonable cryptos with a reasonable amount of developers, users and roadmaps behind it.
+
+My husband is an amazing man. He deserves all the happiness and greatness in the world. He has had a very rough life, some of which was given to him, some of it he brought on himself and probably deserved. He's never really had a **home** until now. When we moved in together he really just moved into my apartment. It was mine. It wasn't ours. It wasn't his. It was my apartment. 
+
+We just unexpectedly bought our first house last month and I have really tried to make the house feel like home for him. The seller of the house left a shed in the backyard and it's *his*. We are both really into antiques and we browse shops for fun even though we know we can never afford anything we really want. He goes through and finds antique tools and signs and says that he would like to have something this for his shed and in that moment I'm running the numbers in my head trying to figure out how I can afford to buy that for him, but right now we just can't afford anything that isn't food or a bill. 
+
+There is this super old physicians scale at one of our favorite shops, it's beautiful. It's one of those tall ones,  you know what I'm talking about? He was drawn to it and told me exactly where in the house he'd put it. It's $200. We absolutely cannot afford that. The house needs so many repairs and we don't even have a stove yet or cabinets and I owe my dad money. It really guts me not being able to get that for him. 
+
+He knows we can't afford it and doesn't expect me to get it for him but I wish like hell I could. I want to get him something that will make the house *his* like the apartment was mine. I want him to have things he loves and prized possessions all over the house. I want him to have that scale next to the door in the hallway. I want him to have this super awesome shed he teeters around in. 
+
+It just sucks not being able to get the people you love what they want when you feel like the deserve everything the world could offer.
+ In an [interview](https://www.videogameschronicle.com/news/square-enixs-president-reiterates-desire-to-make-play-to-earn-blockchain-games/) with Yahoo, he stated that blockchain-powered games would be the future of Square Enix. Even though you may recall when Ubisoft enraged many people, including its own employees because of almost the same reason lol. As we all know, Blockchain gaming is continuing to expand and improve that’s why it’s becoming a more competitive market. What impact would the entry of AAA game industries have on the market? Do you think it will help the developers step up their game? Blockchain games are still relatively new and there are lots of things to improve. The gaming industry as a whole is expected to be worth $196 billion by the end of 2022. I just hope that games like Illuvium, K4 Rally, and Decentraland are great once they are released or fully developed because many of us are anticipating those.
+I know i've been off of reddit for awhile but don't be worried... I am back.
+
+Yea I know you don't care who I am so let me just cut to the chase, I think we're going to see another massive GME run again very soon. Now I don't have any crazy DDs or upcoming secret catalysts to share but the way I trade stocks in general is mostly through Technical Analysis.
+
+*To keep this simple, if you're not familiar with Supply and Demand zones just think of them as "support" (Demand) and "Resistance" (Supply) for now...*
+
+On the chart pictured below, it seems like GME tested weekly demand, went up a bit, then retested it again and as you see, buyers came in and bought it up once it touched demand again! I like how it respected the trend-line as well... I personally use demand zones to add on shares/contracts to my positions (which is what I did here)
+
+[GME 1D SUPPLY AND 1W DEMAND](https://preview.redd.it/s70d479sfp771.png?width=1608&format=png&auto=webp&s=40508e58a9f96133e0b0d9a52ec93f68bdd261b4)
+
+**If that didn't satisfy you enough...have no fear because I have more TA to show...**
+
+Chart below is showing an apparent falling wedge on the daily and 4hr, not only did GME respect the wedge pattern, we also held the 38.2 fib support from the retracement back in march!:
+
+[GME Wedge and Fib-set](https://preview.redd.it/nq6uua1xdp771.png?width=1361&format=png&auto=webp&s=18e109053530c5ce7a83df9d9b0e2ef83b687cc9)
+
+And my last example is more of just a slight theory but tell me if yall can also see this massive cup and handle showing on the daily/weekly or am I tripping?
+
+[GME C&H?](https://preview.redd.it/51w2urn4fp771.png?width=1609&format=png&auto=webp&s=d95da5e2848b87bf5dfe0528d97fdc55b3997f1f)
+
+​
+
+**TDLR: I think this is the GME bottom for awhile unless something crazy happens, if your gonna buy into GME, I recommend buying around here by demand and not being caught chasing when it squeezes again:/ 🚀**
+
+*My positions: 8/20 250c + shares since last year*
+
+​
+
+Good luck, Happy trading!
+Yep, got scratched by a bat while climbing. I had finally managed to save up one thousand dollars just for a fucking bat to scratch me, and now the health department and everyone I know is telling me to to get the rabies vaccine. Lo and behold itll close around 10k dollars and my $1500 deductible hasn’t been paid at all, and my copay sucks. There goes all my savings and over a third of my yearly salary. 
+
+Considering just taking the chance and seeing if I have rabies or not. What kind of fucked society puts people in this position? My dad says I deserve it for climbing because it’s “high risk”. Well damn, looks like I have to be broke and not even enjoy my only pastime according to him. Sorry to add another vent post. 
+
+If anyone has recommendations on how to negotiate the bill down or something please let me know.
+
+UPDATE: This post got a lot more attention that I imagined it would. Thank you all for your support, from the links for assistance to the link to animals ravaged by rabies, it was all helpful. I did go in and get my shots, two so far. The immunoglobulin was administered to destroy any rabies that could’ve been in my system, and dose 1/4 of the vaccine was also administered. I go in tomorrow for dose 2/4. I have not been billed yet, so we will see what that looks like. The good news is, I am not afraid of water nor am I turning into a zombie. I will live!
+
+Because of the resources many of you all have posted, I have a game plan moving forward with whatever bill they stick me with. I believe I will qualify for a lot of financial assistance, so things aren’t looking as bad as I initially feared. Thank you all for bringing these options to my attention. I’m sure the bill will be hefty and I’ll still need some sort of payment plan, but I think i will be able to manage.
+
+I really appreciate everyone’s concern, I was thinking of you all while I was in the ER getting the immunoglobulin. Rabies is no joke!
+How can I best prepare us for this new chapter? What advice would you give? Please don't ask 'have you read the flowchart :)
+
+Edit: Wow I wasn't expecting such a massive response! Thank you so much everyone, there's some great tips here. It'll take me a while to go through them all but thanks again for taking the time!
+The Poor Man's Covered Call (PMCC) is a leverage tool many traders here have used in order to trade underlying's that may have been out of their capital range. Here, I hope to make the strategy easier to understand by using [Put-Call Parity](https://www.investopedia.com/terms/p/putcallparity.asp) to examine LEAPS in a different light. We will only be looking at the LEAPS portion of the PMCC, as the short call is not a variable here
+
+As many of you probably know (and some of you will be reluctant to accept), options can be synthesized using a combination of options of the opposite type and long/short shares of stock. For instance, an ITM short put can be synthesized by selling a call at the same strike/expiration, and then buying 100 shares of stock (aka covered call). This, of course, works the other way as well. That means if we wanted to create a synthetic ITM call to replace our LEAPS, we would do so by purchasing a put at the same strike/expiration along with 100 shares of stock. Let's take a look at an example to see if our theory holds up in real life:
+
+[LEAPS](https://preview.redd.it/dyfyiyl2qci61.png?width=1665&format=png&auto=webp&s=9ca7cbe56ede2b1bf182bb57f888a670d49f4f75)
+
+[Protective Put](https://preview.redd.it/9p3f9mo6qci61.png?width=1665&format=png&auto=webp&s=7e8e6e0a144ac7f80dc0f6e3a7ebde0d35cdb75e)
+
+As you can see, the P/L diagrams are almost identical. Even the theoretical Theta curve is *very* close. The max loss differs by less than $200, which can be attributed to after hours pricing + poor liquidity in LEAPS. There is one major difference between these two: *capital requirement*. The protective put takes over 3x the capital of the LEAPS. Even on 50% margin, it would take considerably more for the protective put
+
+What's the point of all of this? Well, we know that ITM call LEAPS are essentially a more capital efficient protective put. What happens when you sell an OTM call on a protective put? You get a collar (or a calendarized collar in this case). So **TLDR: PMCC = Capital Efficient Collar**
+
+To some of you, this may have been obvious, but I hope there are others who find it interesting!
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+The question often pops up on FIRE forums. I think the reason people are so interested in the question is because it implies that FIRE (or at least the kind of FIRE most people are practically pursuing now) is unsustainable. As much as we advocate for the virtues of financial independence, if everyone actually followed the advice of living well within ones means then it wouldn't work for anyone. It frames financial independence as a zero-sum game where for every winner there must be a loser. Or at least that's the concern.
+
+It seems that at least some economists are saying that the current stock market conditions aren't the result of irrational panic but due to a real decrease in demand for non-essential goods and services.  Some estimate that as much as [40% of our economy](https://www.newyorker.com/news/our-columnists/the-coronavirus-calls-for-wartime-economic-thinking) is based on discretionary consumption. Consumption for which demand is currently plummeting.
+
+So does this finally lay to rest any doubts about whether FIRE is possible theoretically for everyone (or, at the very least, possible at anywhere close to the same rate)?
+These guys on the wsb sub tell you to buy a shit stock then when it shits the bed they say cut your losses it was a shill pump n dump lol every stock wsb touches is a pump n dump and u dummies keep gettin wrecked bag holding these horribles stocks. If i were you guys i would not take any financial advice from anybody on wsb those guys dont have a clue what their talking about.  5% of the group is profitable the other 95% of the group is left bag holding shit stocks down almost 100% on their investments. And the mods control the page so hard you cant post there unless they allow you too, which means you only see what they want you to.. dont be fooled
+Hey guys, so instead of buying a latte a day \($5\), I'm thinking of saving that money and transferring it to my savings account. It's only $150/month or so, but that adds up over the course of a year.
+
+I buy my lattes on my credit card so I would just transfer cash from my checking account \(that I would use to pay off my CC\) to my online savings account. 
+
+Does anyone else do something similar? 
+TL;DR—I believe that a significant segment of the US/Developed world resents the concept of FIRE, but I am not sure exactly why that is.  I discuss several possible reasons below, including envy, entitlement and the degree to which the FIRE path invalidates their own, more conventional, life choices.   I discuss the degree to which I believe that employees would be treated differently if FI was common/universal.  However, this is speculation and I acknowledge that it is not based on extensive data.  Your comments and opposing perspectives are welcome.  
+
+A few years ago I read this article in the New York Tiames: (https://www.nytimes.com/2014/04/01/opinion/slomo.html).  It describes the life of a man (Slomo) who has retired somewhat early from a career as a neurologist and now leads a simple, carefree life on the beach in CA.  It is a great story and there is an excellent accompanying short film about Slomo’s life.  
+
+As is the case with many NYT articles, some of the most valuable information is found in the readers comments.  I was struck by how many readers seemed to resent this man and the path he has taken.  I have cut and pasted some of the comments below.  I have condensed the comments for brevity.
+
+https://www.nytimes.com/2014/04/01/opinion/slomo.html
+
+
+* “….his needs were/are paramount.  If he really wants to get in touch with divinity, he should skate down to the local soup kitchen and devote his intelligence and skill to helping others.”
+
+* “…I too would love a physicians savings to do whatever I wanted with my life.  the man has valuable skills....disillusioned with materialism?  Use those skills to help those who otherwise couldn't afford you.”
+
+And or course, the inevitable:  
+
+* “…this was a parable of white, male privilege….nowhere in this documentary - or in any reading I did in addition to this story - was there evidence that he actually made the lives of other people better - except for profit.  His belief that he was one who "got away" is frankly narcissistic, and even passively contemptuous of those not lucky enough to live as he does. I can do without lazy, Libertarian bromides, thanks.”
+
+
+I suspect that the resentment expressed by some NYT readers readers is reflective of a wider societal resentment of FIRE, and that this resentment is rooted in varying degrees of envy, entitlement and discomfort with Slomo’s determination to stray from the herd and march (or skate) to the beat of his own drummer.  
+
+I believe that the relationship between envy and resentment in this situation is simple.  Slomo worked hard his whole life.  Now he is FI, free and living a low stress, fulfilling life.  I believe that many people envy him and regret the bad decisions and lack of discipline that undermined their own life.   
+
+The relationship between entitlement and resentment in this situation is more complicated.   In short, I believe that many people favor a highly controlled society where individuals are kept in check through dependency and/or a sense of obligation.  FIRE facilitates independence, and that is threatening to many.  When someone FIREs, that person is relatively less dependent on any other person and less dependent on society overall.  
+
+Pre FIRE you are heavily dependent on: 
+
+* Your employer for money, schedule changes, career advancement.
+
+
+* Other family members for either money, living space, help with various tasks, etc.
+
+
+* Larger society for many things including the permission/ability to work in a field that is regulated by government or professional entities.
+
+Post FIRE, things change:
+
+Almost no one is ever fully independent, even when you are fully FIRED.  However, post FIRE you are relatively less dependent and you have infinitely more freedom to chose your own path.  This can manifest in a variety of different ways.  However, perhaps most important is that post FIRE you are free to work (and provide the benefits of your skills and labor) to the larger society.  However, you are also free to kick back and do nothing, and not give much of anything to anyone.  And some people don’t like this.  I believe that many people feel entitled to your resources, skills and labor. 
+
+I believe that in a healthy society people should help one another.  For example, A citizen contributes to society in exchange for everything the society provides (schools, fire department, etc).  However, it is not that simple.  Many workers find that not only does society expect contributions of some sort, society wants to dictate and manage every aspect of your working  life.  The burdens of multiple  professional and governmental licensing boards and regulations lead many entrepreneurs, tradesman,  professionals and ordinary employees to chafe at the yoke society with which society has harnessed them.  *And if you are not FI, you really don’t have much of a choice; you have to pull societies cart whether you like if or not.  FI is the knife with which you cut the harness and free yourself*.  
+
+Post FI, the plumber who is told that his plumbing license is at risk if he does not complete expensive and fully redundant OSHA trainings can say: “OK, if you are going to force me to spend money I don’t have to relearn what I already know, you will be deprived of my skills when your pipes burst”.
+
+Post FI, the physical therapist whose desire to move from Seattle to San Diego is tempered by the burden, cost and psychological toll of another state licensing exam (really are patients in WA so different from CA that you need state specific exams?), is free to just check out and retire.  Many in society are resentful and threatened by this.  They need the services of the plumber and PT, and society wants them under control, obligated and dependent.  FI changes the balance of power. 
+
+Under the conventional arrangement, the average worker (For example an accountant in a large accounting firm) has little choice.  She needs money and cannot support herself unless she is working as a (relatively) well compensated accountant.  Accordingly, society can make her jump through unlimited regulatory hoops.  Her employer can exacerbate this situation by creating a high pressure, soul crushing work environment.  What is she going to do? Quit? How else can she afford her mortgage and car payments?  FI changes the equation. 
+
+I suspect that many people across the US prefer a greater level of interdependence. They want the churchgoing family man working hard and devoted to civic causes.  Perhaps this is rooted in ancient human history; when we were living in small, interdependent bands, the guy who did not conform to the group was a liability.   Regardless, many FIRE advocates prefer greater freedom, autonomy, sovereignty and independence.  
+
+In the case of ‘Slomo’ (from the NYT article) Illness played a large role in his decision to retire.  However, his FI allowed him to live the life he wants, free of the dictates of the various professional regulatory bodies, health insurance vampires and hospital administration cyborgs who plague many health care professionals.   And a lot of people resent that he can live the dream either because they envy him, or want to keep him harnessed and pulling societies cart despite the aforementioned burdens.  FI allows anyone to say ‘if you are going to make my work life miserable, you will be deprived of the benefits of my labor”.
+
+ *If every employer knew that every employee was fully FI and ready to RE, I believe that work conditions would improve and employees would be treated differently*.  Further, government and regulatory bodies would come to understand that burdening workers with regulations of questionable value will result in an exacerbated labor shortage.   Ideally, the relationship between employees, employees and various forms of government and regulatory bodies. would be a bi-directional and mutually beneficial arrangement between,  Not an relationship where, due to financial dependence, many workers have to endure meaningless, unpleasant work environments.   These dynamics may be related to the current, relatively low levels of workforce participation.  `
+
+I have gone on at length about the resentment of some parts of society and/employers, but I think that resentment of FIRE can come from many people for many reasons.  Some people may resent a spouse or other family member FIREing because of the perceived reduction in income or change in relationship dynamics.  Some work colleagues may fear the loss of a friendship.  
+
+I discussed this post with a close friend who works in the HR department of a huge, multinational corporations and she suggested additional reasons why many resent the concept of FIRE including:
+
+* The concept of FIRE invalidates the more conventional lifestyle choices that most people make.  Implicit in the concept of FIRE is that conventional lifestyle choices of endless work and gluttonous consumption are not ideal. And perhaps they resent being reminded that they lack to courage and discipline  to venture off of the beaten path.  
+
+
+* Misery loves company.  People often feel resentful and left behind  when their friends or colleagues catapult themselves out of the soul-crushing drudgery of unfulfilling work and involuntary 9-5 purgatory. 
+
+Finally, there are those who just cant get their heads around the idea that a FIRE lifestyle can be, fulfilling and meaningful, and far healthier and happier than one dominated by paid work.  The purported benefits of ‘hard work’ are exaggerated by people who know no alternative.  They argue that the rewards of ‘productivity’ justify the negative aspects of paid work, including loss of personal agency, toxic work environments, abusive supervisors, etc.  However, this perspective may be rooted in insufficient experience living a life filed with productivity but independent of either paid work or school.
+
+
+Again, I acknowledge that all of this is speculative and not grounded in data.  But I suspect that many of you have related beliefs or hypotheses and that this is, in part, why many of us keep keep our FIRE/plans to ourselves.  
+
+
+I welcome your perspective.  
+https://www.cnbc.com/2019/05/02/elon-musk-on-investor-call-autonomy-will-make-tesla-a-500b-company.html
+
+Citibank and Goldman Sachs hosted a "broad investor call" with Tesla executives on Thursday, as the company announced plans to raise around $2 billion.
+
+Tesla CEO Elon Musk said Tesla's vehicle, solar and energy businesses were just a backstop of value, but self-driving systems in development now will turn Tesla into a business with a half-a-trillion dollar market cap.
+
+On the call, CFO Zach Kirkhorn reiterated that Tesla aims to deliver 90,000 to 100,000 vehicles in the second quarter, and between 360,000 and 400,000 vehicles in 2019.
+**Apology** 
+
+Edit2: Thank you to u/fs05 for the healthy debate, u/Borj64 for calling me out, others who posted their support, and even others who embodied edit1 below. I'm sure you can understand why I went on a little rant, but it wasn't appropriate for me to be so combative and make the situation worse. I'm sorry for that.
+
+I want this to be a good space to share research, ideas and facilitate healthy discussions. My analysis has changed significantly from when I first started posting because of feedback and criticisms I received here. So thank you. As easy as it is to say that I can tune out the bad parts of Reddit, I'm a person and it gets to me sometimes. I'll try to do better, and hopefully you can accept this apology.
+
+As a follow-up to my analysis, the lower probability situation looks to be happening, and the price closed below the $185.5 delta neutral. I hoped it wouldn't repeat what it did in June/July, and thought it could be different this time because it wasn't drifting after a significant post-earnings crash, but my wish didn't come true today.
+
+For your reference, here's my post from the last time GME went under the Delta Neutral, and the typical behavior of a stock under this point: [https://www.reddit.com/r/Superstonk/comments/ok4chd/special\_edition\_down\_under\_the\_delta\_neutral/](https://www.reddit.com/r/Superstonk/comments/ok4chd/special_edition_down_under_the_delta_neutral/)
+
+**TLDR Part 2: Now that GME closed below the Delta Neutral, what we really care about is what's happening to the Delta Neutral line itself. Back in June - August, the line decreased with the stock, supporting its decrease, and made us have a long, hard slog to make our way back up. However, if the line stays flat or increases, then we can get an explosion, like what happened in February (see chart below). A lot of pressure can build up if the price is below the delta neutral, and the delta neutral keeps climbing. So what happened with the options data today? The Delta Neutral increased from $185.5 to $187.2. So that's a good sign! As long as it does that or stays steady, GME will bounce back to where it was, or explode back over it.**
+
+I also updated the chart below with today's action. 
+
+​
+
+**Rant - can read for context if you want, but apology above.** 
+
+Edit1: yes, the price went below $185. What does that mean? Aged like milk? Debunked? As I point out multiple times in my post, the price has gone below the delta neutral twice in the last nine months. I emphasize that I think there's a higher PROBABILITY that it will bounce. There are no certainties in price movement. Also, this is intraday trading. Hedge funds sometimes hedge once a day, continuously, or sometimes fine carrying a none zero delta. The day isn't over, and as I noted several times, there has always been a chance it will close below $185.5.
+
+So chill out. I realize many of you feel smart and important because you can quickly jump into "possible DD" and tear people down. You wonder why most of the dd'ers have left this sub? Because this is toxic behavior and people don't want to subject themselves to it anymore, even if most of you are very kind and give constructive feedback/discussion/thoughts. I'm all for admitting I'm wrong and having a good discussion. However, actually read through posts before you try to tear down the work someone put countless hours into development, and posting for free for no other reason than to try to benefit the community. Rant over.
+
+​
+
+**Original Post**
+
+**TLDR: GME is flirting with the Delta Neutral (theoretical options underlying price floor) of $185.5. GME has a good history of bouncing off the Delta Neutral (DN) line, with the exception of the Robinhood tank in January and the post-earnings drift after June. Because the earnings impact from early September was fairly neutral, I believe there is a high probability that GME will bounce off the DN line.**
+
+​
+
+*Note to this community: Sorry for the long absence. Lots going on in real life. Thank you so much to everyone that checked in on me!! I really appreciate it, and it means a lot to know there are people like you out there. I saw all your messages, even though I didn't quite have the energy to respond. So thank you!*
+
+​
+
+**Quick Refresher**
+
+My work is built on the idea that the market is largely unpredictable, but one particular kind of behavior is certain - hedgies gonna hedge. It's written into their algorithms. Specifically, they like to delta hedge and gamma hedge. This work tries to profit on this one particular type of buying/selling behavior, and works well for giving guardrails for stocks with high options volume relative to the underlying equity volume.
+
+* **Delta Neutral** \-  The Delta Neutral price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. It can also be though of as the intersection of a supply/demand curve for hedged stocks, and acts like a floor for stocks.
+* **Gamma Maximum** \-  The Gamma Maximum price that creates the maximum total market gamma across all GME options (all expiration dates) for a given date. This line generally acts like a ceiling for stocks, because there is both bull / bear gamma as you approach this line, and as the stock approaches from below this point, the bear gamma often wins. However, fun things happen when the bull gamma wins and pushes the stock upwards quickly.
+* **Gamma Neutral** \-   The Gamma Neutral price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. It generally acts like support/resistance between the Delta Neutral and underlying prices. It also signals periods of high volatility, or signal a gamma squeeze COULD be imminent.
+
+Please refer to the detailed data dictionary, methodology and assumptions section at the bottom of this post for more information.
+
+​
+
+**Charts**
+
+Here's the graph you're used to seeing, which includes the Close (blue), Delta Neutral (grey), gamma maximum (red) and gamma neutral (light blue). I also included key metrics to the top of the graphs.
+
+​
+
+Original: [GME 1/4/2021 - 9/27/2021](https://preview.redd.it/553coqf8o8q71.png?width=910&format=png&auto=webp&s=6ae0d04c54366ee43e863f7bcee49bbacaa3a938)
+
+[Update: GME 1\/4\/2021 - 9\/28\/2021](https://preview.redd.it/gv85xt53jbq71.png?width=910&format=png&auto=webp&s=f4a45d558c40394a272967b7b01b6b66c37eba18)
+
+Log based-10 view, so you can see 2020 (too small otherwise!)
+
+Original Chart: [GME 1/4/2021 - 9/27/2021 - Log Based 10 Scale](https://preview.redd.it/3z55383ko8q71.png?width=910&format=png&auto=webp&s=a2e76f9560db7cccb11b3ccbf285245064fd62ce)
+
+​
+
+[Update: GME 2\/5\/2020 - 9\/28\/2021 - log based 10 view. ](https://preview.redd.it/icp9vh3bjbq71.png?width=910&format=png&auto=webp&s=3f6d95a00f020ccacd5076decac176045221eb6f)
+
+Here are some observations to note on the graphs above.
+
+* the GME close price has been drifting downwards, while the delta neutral has been drifting upwards.
+* The gamma neutral has been bouncing around between, and now the DN/GN/Close are all converging.
+* The last time this happened was back in July, and I noted,  "*Because the underlying price is drifting lower, instead of dropping quickly, so it MAY continue to drop past the DN before springing back up, but based on other indicators, I expect that pressure from hitting the DN will start making it more appealing to call buyers, and we should start to see a steady incline soon.*"
+   * [Knock Knock Knockin' on Delta Neutral's Door](https://www.reddit.com/r/Superstonk/comments/ojevhv/knock_knock_knockin_on_delta_neutrals_door/)
+   * Unfortunately, the price did drop below the DN back then, and it took time to push back over the line.
+* I suspect that the drop below the DN in July was primarily caused by the post-earnings drift from the June earnings downwards price shock, which is a well documented phenomenon that a stock continues to drift in the direction of the initial shock for several months, as people slowly incorporate the earnings / perceived value of the company into their stock purchases.
+* The September earnings had a neutral impact to the price, so I suspect the price is not currently subject to the same bear sentiment that it had back in June, so the price will hopefully bounce off the Delta Neutral price of $185.5 this time and ricochet back up.
+* The max gamma is holding steady at $237, which is my target to hit in order to launch us upwards.
+
+​
+
+This is my own personal 'alpha' that I developed for my own trading purposes and that I use on several stocks with high option volume. This is not financial advice. I'm just a mathematician that likes to play with options data, and I am not a professional trader or qualified to give advice to anyone.
+
+​
+
+**TLDR: GME is flirting with the Delta Neutral (theoretical options underlying price floor) of $185.5. GME has a good history of bouncing off the Delta Neutral (DN) line, with the exception of the Robinhood tank in January and the post-earnings drift after June. Because the earnings impact from early September was fairly neutral, I believe there is a high probability that GME will bounce off the DN line.**
+
+**I'm sorry you've seen this two times now, but for some reason people can never find it, so I have to put it multiple places. You'll see it one more time at the bottom.**
+
+​
+
+***Methodology and Assumptions***
+
+**Delta Neutral**
+
+The Delta Neutral price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. It can also be though of as the intersection of a supply/demand curve for hedged stocks. See the "Methodology and Assumptions" section for full detail on how I develop this indicator.
+
+Notes below for general options on how the delta neutral interacts with the underlying price:
+
+* There is a large influx of call option purchases, because:
+   * The call prices get less expensive as the underlying price approaches the delta neutral
+   * Stock prices usually rebound/revert back to the mean after large crashes, so the price often rebounds anyways.
+* With the large influx of call volume, market makers have to start buying stocks to delta hedge, which turns the price back around and creates an upward trajectory.
+   * Important note that hedgies often hedge with derivatives instead of buying stocks, so there isn't a 1-to-1 relationship between the delta and shares bought/sold by hedge funds.
+* Historically, you can see that GME often bounces off the delta neutral prices during drops. The exception is the February drop. When the underlying goes below the delta neutral price, a lot of pressure builds up that results in a significant increase when that pressure is released.
+   * Note this is the primary way that I trade my model. I made a scanner that looks for equities that fall below the delta neutral.
+
+**Gamma Neutral**
+
+The Gamma Neutral price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. See the "Methodology and Assumptions" section for full detail on how I develop this indicator.
+
+General notes below for observations on how this indicator behaves:
+
+* It acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most symbols (like we have seen with GME since April).
+* It also goes crazy in periods of high volatility, as you can see by the very higher spikes.
+* A gamma spike indicates the presence of POTENTAILLY slippery option market conditions, which COULD lead to a gamma squeeze. There were certainly spikes present back in January, but we had a few one-day false starts this last month.
+* They are often triggered by high price movement in a day, which can lead to continue high growth if underlying volume supports it.
+* Gamma spikes can also be triggered by unusual options purchases during the day. These are the one ones to find, because you can often catch the high increase waves before they actually start.
+* If I'm trading this indicator, I often either wait for a gamma spike to continue for 2 days in a row and supported by increased volume. Otherwise, I invest straight away if I find a gamma spike just based on options movement (i.e. no significant underlying increase yet).
+
+I write my own algorithms to produce the results above. The following lists some key methodology and assumptions I use:
+
+* I rely on daily options and stock summaries produced by [www.historicaloptionsdata.com](http://www.historicaloptionsdata.com/)
+* For the Implied Volatility (IV), I use the following method:
+   * Calculate the raw IV of the mid-point between bid/ask price at close.
+   * Calculate a “blend” IV, which represents the IV where the call/put parity holds, i.e. where call delta – put delta = 1, using the same IV.
+   * Smooth the mid-point call/put and blend IV using a gaussian smoothing algorithm with a 20-strike window.
+   * Apply the smoothed call/put relativities to the smoothed blended IV curve
+   * Fill any missing values with a linear interpolation of the neighboring strikes.
+* Using the final call/put IV estimates described above, I calculate my own Greeks. I like this source if you're interested in the formulas: [https://www.macroption.com/option-greeks-excel](https://www.macroption.com/option-greeks-excel)
+* For the total market delta and total market gamma, I rely on the OI x delta and OI x gamma for each strike price.
+   * Note that the delta of a call is usually equal to (1 - put delta), so not adjustment is needed to the delta signs when calculating the total market delta.
+   * However, the call/put gammas are both positive based on the B-S calculation. If you're calculating the total gamma for a portfolio, or the total market, you have to add the call gamma and subtract the put gamma.
+* To estimate the delta neutral and the gamma neutral, I have an algorithm that relies on the optimization toolbox in Matlab to identify an underlying price that achieve a total market delta and a total market gamma.
+* Note that the IV would change with higher/lower prices for the delta/gamma neutral and the sensitivity tests, but the impact is not significant enough to make a meaningful difference and takes significant processing time to apply the IV curves. However, it is an important simplifying assumption to be aware of.
+* Open Interest (OI) is always lagged one day for options summaries. The OCC releases final open interest on a given day, and it represents the OI for the close of the prior day. Therefore, the OI I get in my summaries on 6/28 does not represent the OI as of close on 6/28. It represents the OI as of close on 6/25. If you see a source like Yahoo give live OI throughout the day, they are only estimates, and their algorithm methodology for estimating the OI based on various price/volume movement is a closely guarded secret. Using the prior day OI is currently a limitation of the data available to me.
+
+**TLDR: GME is flirting with the Delta Neutral (theoretical options underlying price floor) of $185.5. GME has a good history of bouncing off the Delta Neutral (DN) line, with the exception of the Robinhood tank in January and the post-earnings drift after June. Because the earnings impact from early September was fairly neutral, I believe there is a high probability that GME will bounce off the DN line.**
+
+**I'm sorry you've seen this three times now, but for some reason people can never find it, so I have to put it multiple places.**
+I’m a 2001 Spanish national which is about o complete his Bachelors degree (this summer), and start a Masters+PhD in October (all my studies are in the U.K.). So **I don’t know much about taxes, international salaries, etc.**
+
+I have been working for this Spanish company for the last 4 years. My job consists of designing communication systems (microwave systems) and electric systems, hence, it is usually online, and at times I need to travel to assist in the hardware installations. This job is related to my field of study, Electrical and Electronic Engineer. I’ve got a good salary, and my bosses are quite happy with me (I started with 650€ monthly and right now they pay me 1600€).
+
+The thing is that I got contacted through LinkedIn by this recruiter from this Belgian military tech company. They interviewed me and asked me to carry out certain tasks (testing me), which I completed before the deadline, and they where quite happy with it. They have offered 4200€ (mind blowing), and told me I would continue working online as I am doing right now. **Question is: in this new job offer all 3 interviewers told me that they can transfer my salary to a bank in Andorra, or preferably Tangier Frank Zone.**
+
+**I asked a couple of “gestores” (sort of legal chartered accountants in Spain) and they all told me to ask them to make an ordinary transfer to my Spanish account. But the company insists on either Andorra or Tangier Frank Zone.** The accountants in Spain told me to leave the offer, but I obviously can’t easily reject the offer.
+
+The company is legit, and well known within the military tech market. It’s not fake, and I’ve been invited to sign the contract and meet the facilities in Brussels.
+
+Has anyone got any experience or advice regarding getting salaries paid in these sort of places?
+As in the title, all too often I see people suggesting second jobs and overtime to decrease debt faster. I'm not saying they're wrong (more money coming in normally means less debt), however, when you overwork then you can become stressed, stop sleeping well, eat unhealthily, put on weight, feel bad about yourself and spend more money.
+
+Being financially fit also requires you to be content with your current position in life and being clear headed enough to move forward.
+
+If working extra hours works for you then great, go for it. Beware of burn out and slipping further into debt. That "treat" after a long week could've been avoided if you'd sat in the park on Saturday instead of working an extra shift.
+Card is about two years old.  Never missed a payment.  Never been late.  They gave me no notice that they were doing this.
+
+Anyone have an experience like this before?  Is there anything I can do about this?
+
+EDIT to provide more information: I don't need $18,000 in credit.  I've never used the max amount nor have I even come close.  My issue is I've been a loyal customer to them, never missed a payment or been late, and they drop my line by $17,500 overnight without warning a week after I make a large payment to clear the balance.  I know they don't "owe" me any specific line and they can do whatever they want with my line, but right now they are all about "we are here to help with Corona virus related issues" and they cut my line during this virus stuff.
+
+Also: I've never been late on any of my credit cards.  Ever.  No missed payments or anything.  Balance on other cards have decreased.  No dramatic changes in spending habits or things like that
+
+EDIT 2: Just wanted to say thank you to everyone for the information and for your responses.  I will try my best to work through them all and reply.
+
+Here is one thing I did want to say because this seemed to come up a lot: My utilization is now sky high.  I have a balance on two Capital One cards that I've been working on paying down and the Discover card was my highest limit card with smallest balance.  It's now gone and as someone mentioned I feel like this will snowball to my other cards and cause even more issues.  Thankfully I'm not in the market for a car or home right now, so the immediate tanking of my score isn't a huge concern.
+If your mortgage is up for renewal and you're being offered a rate of say 5-10%, there would come a point where the interest savings of paying off the mortgage would more or less match the expected return on your investments right?
+
+So say a scenario where by fall next year (when my mortgage is up for renewal) mortgage rates are around 7-8%, I'm thinking we would be better off cashing out our TFSAs to pay off the mortgage, and then just re-mortgaging the house if interest rates get lower in the coming years? 
+
+Obviously I will do a more detailed evaluation when the time comes but just wondering what others think and if anyone has looked at similar tradeoffs.
+I remember it like it was yesterday. Because seeing that post that day was moving. And I said to myself, if we all had this kind of pay it forward attitude, the world would be much more awesome, and this guy gets it. I awarded the post, and I thought about a good deed I could do for someone that day. Because the post was compelling enough for me to want to do something awesome like that as well. 
+
+Hearing about him passing today, I was reading comments to understand who it was. They were saying oh the "Infinity Pool." Yes, I realized who it was by that. But I wanted to look at his other posts, and there it was. It took me right back to that day. The day I had a picture on my screen of a person who took a pumpkin pie and whipped cream to his local GameStop branches to show appreciation for the employees working on the holiday, I believe it was Christmas [https://www.reddit.com/r/Superstonk/comments/r2bd0t/taking\_care\_of\_the\_retail\_employees\_at\_one\_of\_my/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/r2bd0t/taking_care_of_the_retail_employees_at_one_of_my/?utm_source=share&utm_medium=web2x&context=3) . And he also went back with cookies and a card on Retail Employee Appreciation Day.
+
+It may not have been much but it was the thought that counts, and I know the employees felt the appreciation. So, the challenge is to follow suit. Do the same thing. Hit up a local GameStop store and do a little something for those employees on the front lines. Maybe a thank you card, a pizza, gift card, whatever you have the means of being able to provide. I know it is far from the eating a big jar of mayo, but hey. So, that's all it is. A remembrance of an awesome soul who has gone on to the infinity pool, and a gesture to make him and everyone else smile for you. Were all gonna make it, but no matter what, be awesome, be kind, be thankful.
+I noticed some interesting stock and option block trades today in UWMC. Starting right about 12:13PM over 200,000 in stock was purchased, leading to the largest volume and price spike of the day. Within a minute of the stock purchase, a sweep of 2,000 Mar 19 10C contracts was traded.
+
+[200,000 stock purchased](https://preview.redd.it/6l4qxw1nyam61.jpg?width=667&format=pjpg&auto=webp&s=7593fe078609db8ef8ce5ccaab14a99d810705a2)
+
+[2,000 10C](https://preview.redd.it/lkdfh2u20bm61.jpg?width=712&format=pjpg&auto=webp&s=a095742299fb19b61b9b01c74f134609be153fb9)
+
+My interpretation here is that some big money purchased the 200,000 or so shares (at an avg price of $9.10) and then covered it with the 2,000 calls (selling price $0.60 each). If UWMC ends above $10 next Friday and the stock is called away, that would be a profit of $1.50 per share, resulting in a tidy $300,000 profit, a nice **16.5% ROI** in just 10 days.
+In light of all of the I paid off debt, bought a car, two chicks at the same time type of posts when people cash out.....I thought I would share my two cents. I work for a financial company.
+
+**Low cost fixed income mutual funds:**
+You could pull your cash out and put it into low cost fixed income mutual funds. If you are lucky, your state (USA) will offer state and federally tax free funds that pay a monthly dividend. You could use this money to live off of, or keep it set to reinvest so you can benefit from compound dividend growth. I did the math on a couple of them and on a million dollars for instance, you would get about 40-50,000 USD per year tax free. The yield on a mid risk long term fund is about 2.5 - 3.5% right now. The risk being, since higher yields tend to be comprised of long term fixed income stuff, rising interest rates aren't the best unless you can afford to leave it parked for extended periods of time (years). If you can, you should recoup your principal and you will have earned income. Generally speaking, fixed income (bonds) are for folks who want less risk, less capital growth, and somewhat predictable income. Excellent for a low risk highly tax conscious person.
+
+**Low cost stock funds:**
+Get broad exposure to the stock market with something like a total market or S&P 500 fund. The expense ratio on one of these passive index funds should be like .05%, don't pay more. I wouldn't recommend diversifying into active funds or other sector funds since the cost is higher and on a long enough timeline its very difficult for an active fund to beat an index, and most of them don't if we are talking the S&P. 1 million invested a year ago into the S&P 500 would have made you about $180,000 but the risk of correction is higher and the amplitude is going to be magnified vs fixed income stuff unless its high yield bond based. You would have capital appreciation and dividends would be either annual or quarterly with a stock fund. 
+
+**HODL:**
+This might make sense if you can live off of the staking gains but there isn't enough information to measure this out yet in the real world. The idea would be to keep your coins staked, earning ETH as staking income. Sell this ETH, live off the income. Again, time will tell if this makes sense. 
+
+**Property:**
+I like this idea, either flipping after fixing up or renting. Plenty on the net about this. What I do not love about this option is how you are subject to the market risk of downturns in housing prices. So you could buy a distressed property for a good deal only to find that the market comes undone and you owe more than its worth, even renovated. 
+
+Before doing these things, I would pay off any debt, learn how to fix your car, buy a reliable one, and take the reigns of life. 
+
+Looking forward to other ideas so share em away!
+I would like to direct this question to people here who have actually studied this, or spent a good amount of time reading the results of psychological studies and how having money impacts children.
+
+
+
+Obviously the unknown here is this answer may differ for every single person based on how much money they have, but let’s try to assume that this question is directed towards people who will presumably have a significant chunk of money when they die, and as their kids grow up. Let’s also keep it simple if possible. For example, here are a few vague~ish questions we can answer to get an idea of what’s healthiest for our kids. 
+
+
+These questions should be answered as if the goal is to raise the most mentally healthy and capable child, and keeping them driven, motivated, grounded and appreciative, while also helping them the most. 
+
+
+1. Do you pay for their college, in full? Partially? Not at all?
+
+
+2. When they become old enough to drive, would you make them get their own car? Would you buy a car for them? Would you buy them a fun car because you know how much a teenager loves a high-end car and would buying a say... $40,000 car actually hurt them more than help, or would it enhance their confidence and happiness in those years?
+
+
+3. Would you give them an allowance?
+
+
+4. Should you try to save a lot of your wealth so you can pass it on to them when you die? Or do you think it’s healthier to tell them you plan on spending it, and only leaving them enough for a safety net, telling them they have to earn their own? I’d you knew you were going to pass with maybe $5m one day many years from now, would you try to spend maybe $4m and divide the remaining $1m up between kids or try to structure spending so you can pass on $5m one day? Or pass nothing?
+
+
+
+Again the specific questions don’t need answering they are just thought-provoking. 
+
+
+
+What’s the healthiest way to handle money and kids?
+Honestly don't think its market manipulation like what WSB claims (i.e short ladder attacks). I already mentioned this here, but there are probably hedge funds who haven't shorted Gamestop who gauged the insane market sentiment of retail investors. So they rode the BB/AMC/NOK/GME wave, and then pulled out leaving retail as the bag holders.
+
+But unlike AMC, NOK and GME, BB finally broke out of the correlation, and traded upward today. Which is a good sign and maybe due to the common sentiment that it's very undervalued and potentially has a very bright future with the IoT and EV market.
+
+Fidelity Research gives it an average analyst score rating of 8.9/10 (9-10 is in the very bullish range), with the most notable analyst being Zacks Ranking. Seeking Alpha seems to place it at a fair value price of around $15-17. It's now around $12. Let's see how this plays out.
+
+My current cost basis is $15.
+SCHD is brushing against the 52 week low. As a newbie to dividend investing is this a good entry point? This fund seems stable vs individual stocks. What's the potential downside I don't know about?
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+***
+
+Thread guidelines:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them.
+
+***
+
+ Resources and other information:
+
+* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all).
+
+* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education).
+
+* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto).  Account permissions are required to post comments through Reddit-Stream.com.
+
+***
+
+Enjoy!
+
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+***
+
+Thread guidelines:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them.
+
+***
+
+ Resources and other information:
+
+* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all).
+
+* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education).
+
+* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto).  Account permissions are required to post comments through Reddit-Stream.com.
+
+***
+
+Enjoy!
+
+Hello world and happy monday 😁
+Who's ready for another week full of GME fun?
+
+Current price "115 minutes in: 149.90 US-$"
+
+FAQ:
+
+Where do you get our numbers from?
+-
+I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result.
+I try to post every 5 minutes, but I am at work so I can't guarantee it 😄
+
+Why are your numbers different from the ones I'm seeing online?
+-
+My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange").
+That's why my movement may differ from your sources online.
+
+I don't trust those germans, look at what they did in the 20th century...can I get another source?
+-
+Sure, you can take a look here...just remember to convert from € to $!
+https://www.ls-tc.de/de/aktie/gamestop-aktie
+
+Can you post the volume too?
+-
+I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often.
+But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day.
+
+Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US?
+-
+I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME.
+Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that?
+I think that this feeling of camaraderie is critical, it's good to know that I'm not the only one liking this stock.
+I'm holding since november and I will continue to hold for my brothers and sisters. 
+We are not a union, we are all individuals who like the stock, but we're still family!
+
+Starting:                  149.24 US-$
+
+5 minutes in:          149.66 US-$
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+90 minutes in:       149.48 US-$
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+105 minutes in:     149.90 US-$
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+110 minutes in:     149.48 US-$
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+115 minutes in:     149.90 US-$
+
+The US pre-market is about to open so that's it for the day! 🇺🇸
+I hope you all with have an amazing week, let's make some millionaires, shall we?
+See you tomorrow and let's give 'em hell!
+This is a bit of a rant and advice for other people on the FI journey. I think it's worth sharing and discussing in this forum because we educate ourselves on investing and index funds, and naturally many of us want to talk about these subjects with others.
+
+I've had several people in recent years ask me for advice on how to invest. Inevitably, these people are using firms like Edward Jones or even smaller, no-name advisors who are friends of a friend.
+
+I've reviewed these accounts at their request and found the same things over and over: fees as high as 5%, front-loaded fees, and constant shifting of money from one "opportunity" to another to increase the number of transaction fees.
+
+And you know what else I've found? Educating these people is an utter waste of time. You can calculate and show them how much money they've paid in fees over the last several years. You can pull up PDFs of the prospectus and fee structures of VTSAX against whatever BS fund they're in. You can show how much of their money is taken before they even make a penny in returns.
+
+It. does. not. matter.
+
+Friends and family members, once in the clutches of a "financial advisor," have never changed or taken charge of their own finances, in my experience. These financial product salesmen use every tool at their disposal to keep customers in fear and confusion about how markets work. They make investing seem complicated in order to dissuade your loved ones from making the best choices.
+
+It is exhausting to combat this. I just got off the phone with a family member who called me for my opinion on "a new product" recommended by their financial advisor. When I recommended against it, they started listing all the reasons why it would be a good idea. It was not a good conversation.
+
+So please, learn from my example, and don't offer financial advice to loved ones. In the future, I should just have a ready response to politely shut down these types of conversations.
+
+Has anyone else experienced this, and what would you recommend?
+My wife and I have been investing in rentals and fix n' flips for the past 7 years. 
+
+I've been able to keep up with it as a side hustle, but it's becoming too much to keep on the side. 
+
+What do I need to know and account for in going full time? The biggest change appears to be buying health insurance.  What other advice would you give someone about to start on their own?
+
+I’m a very small time re investor. Right now i have one property netting $1200/month and that one is a good situation so I’m keeping it for now. I’m about to close on another property that will net me $130,000. 
+
+I know to some of you that’s not a lot of money but for me it is!  So I’m trying to decide what to do next. 
+
+I’m interested in continuing to invest in real estate but I don’t want to be a landlord anymore. I had multiple rentals before and Airbnb’s and I’m just not good at it.  I find I’m just too emotionally invested in it.
+
+But i do like the passive income. So I’m looking at options. 
+
+So i could buy another property in cash and have a property manager. 
+
+I could probably get financing and use that money as a down payment on a few properties and have a property manager. 
+
+I have looked into some of those crowdsource real estate investments sites. I understand you pay more in fees but that may be worth it to me if it’s hands off. 
+
+I think I’d really like to get into commercial property also but i don’t know that i could qualify for financing. 
+
+I don’t have any mortgages now so my dti is good. 
+
+I could potentially use that other property as collateral as well. 
+
+Anyway I welcome any and all advice. 
+
+Where I am the market is hot, but it isn’t crazy like I hear about in some areas. Things are moving quickly but not above asking price. But I’m also considering just waiting for a minute to see if it chills out. I read so many mixed ideas about it. 
+
+I’m fairly young but the bot deleted my post when i said my age so I’ll say i can draw social security in the year 2058.  I’m also a single mom to small kids and work full time which is part of why i just don’t have the time and energy for the landlord thing anymore. And i need to maintain some degree of liquidity and can’t take as much risk or move around a lot like i could if it was just me. That’s what i started with was owner occupying a multi family fixer upper but now i have to maintain stability and need more space. 
+
+Anyway, thanks for your input!
+Keep hearing we have an inventory shortage. Trying to understand how/why and why we saw a 37% increase in prices in 2 years. 
+
+Also on the demand side. Where was the demand prior to the pandemic? 
+
+We did not have a wildfire that wiped out millions of homes. We didn't have millions of people to decide to just buy, just because. 
+
+I have my thoughts on this, but I'd like to know yours.
+
+*Little edit*: Just for background. I'm a landlord and homeowner in the south, have a duplex, fourplex, 2 SFH and a primary residence bought 3 months ago. Not much, but we're still getting started. I'm not biased one way or the other. I'm just trying to make sense of what happens next. 
+
+I also can't help but to think a lot of the demand is 'shadow' demand brought by low interest rates and stimulus money. The interest rate is increasing - The feds #1 goal imo is to curb inflation. The free money is running out (stocks, 401ks, crypto, layoffs starting). So I can see the demand decreasing big time to pre pandemic levels. 
+
+The supply imo was already low before covid but the Fed shows about 450k new one family homes for sale right now, the highest number in the last 10 years. Also showing 8.3 months supply of houses for sale. The highest amount in the last 10 years. 
+
+Very odd situation. The more I think about it, the less sense it makes. I'm trying to prove to myself that prices aren't going to drop essentially, but I come up with a lot of counter arguments*
+Just a post to say thank you for those who routinely reply to those in need on this sub and for those who have put the effort together flowchart and wiki.
+
+At it's peak, I had a Next credit account, Argos account, DFS sofa, Dreams bed, two credit cards (maxed) and my s/o had a credit card maxed also, as well as a long term loan for £10k+ and a car on HP. I was driving myself mad looking at my spreadsheet every month getting angry I'd got myself into this mess through some terrible decisions on my part and life unfortunately not being on my side in others.
+
+Through following the advice here and reading hundreds of threads over the years, I'm now at a point where I have £10k saved, a mortgage that's been accepted and have cleared all of my credit card debt off (only left with a HP for a car and a small part of a long-term loan left to clear).
+
+To those who constantly lurk and question whether or not you can do it, just take each debt at a time, follow the [flow chart](https://ukpersonal.finance/flowchart/) and it will be the most boring few years of your life but once you reach the end, it's euphoria.
+
+Again, thank you thank you thank you.
+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 sold a CSP at 96 strike price at $4.30, one month DTE. 
+
+My plan is to wait 2 weeks and sell a second CSP for a similar amount of credit, hopefully taking in $800 a month. 
+
+
+Cash on hold for the account would be near 20k. Making my profits (if i land OTM) at about 4%. 
+
+
+If I'm ever ITM on expiration I'll sell a covered call contract at hopefully around $4.00 credit and continue wheeling from there. 
+
+
+Does 2% a month sound like a very reasonable expectation or am I setting myself up for some disappointment/ major losses?
+Hello all,
+
+I sold a put on LVS with a strike of $48 that expired last Friday. LVS pretty much has taken a beating and is currently trading at \~41 (17% below strike). I can sell a call with a strike of $50, 43 DTE, delta 12.1, IV 46.6% for a premium of $0.37.
+
+Since the premium is so meager, should I wait until the delta gets closer to 20 or 30? What do you guys usually do with a stock so far below your cost? I don't want to take a loss, so selling below my cost is not an option. I don't mind holding the stock but would like to make some premium in the meantime obviously. Thanks for any feedback
+I know it's risky but whatever, sold two nkla puts this morning for 6/26 at 45 and 48. Collected 910 in premium, which my abacus says is a lot for 10 days. Wish me luck boys
+
+Edit24 hours later, bought back the 45p, realized 220 profit locking up that 4500 for 24 hours. I have a buy order on the 48 that will realize another 240 if filled.
+
+Also sold 25 shares at a 55% profit. Still holding 50 shares at a 40 dollar basis. Took the money from above and bought 4 shares of aapl that I'm diamond handing forever.
+
+You guys convinced me that we are gonna see some profit taking with the new shares and warrants coming up. Also the CEOs interview gave me bad vibes. Gonna wait for a dip, try and get another 50 shares maybe, then sell cc's. Gonna keep speculating on this one until it blows up on me, but for now I'm net up one iPhone 11 on nkla.
+I am a store manager at a busy coffee shop in Ontario Canada and I have a debt collector calling to speak to one of my baristas. 
+
+It is often busy and inconvenient for me to pull her off the floor when they call, so I would take down their phone number and pass the message on. This didn't stop the calls because I suppose my employee never returned them. Regardless, not my problem, right? 
+
+Finally, after having to pick up the phone during a heavy rush and sacrifice our store's speed of service to grab it, I asked these people to stop calling her at work. 
+
+I explained that she's busy at the moment and has no voicemail to be forwarded to, and in fact, I myself am too busy to spend the time to take down a name, phone number and lengthy reference number. I told her I was the manager of the store and asked her to please stop calling my employee at work, and use her other contact numbers instead. 
+
+The calls have persisted and I just got into a verbal altercation with this collector, letting her know to stop calling because I was not going to pay for my employee to be taking calls when there are customers to be served. She got rude, spoke over me and started yelling that this was a very important matter and she would continue to call until she got through, regardless of what I said. 
+
+What are my rights here? Are there any magic words to get these people to stop calling my employee at work? Just did a search of laws against debt collectors and I know if my employee asks them to stop, they have to. But do I have the right to ask them to stop? Is there a legal line I can use on this person next time they call? 
+
+
+
+***UPDATE***
+
+Since my update got buried in new comments below, I'll state it here. I have discussed with my employee and we decided together that next time they call for her, I will put the phone on speaker, use my phone to record, and she will tell the collector that she's not to be contacted at work anymore. This is a rule in the Ontario law that further calls are a violation of. Hopefully it works. 
+
+Also editing to say to all those who say to just call the phone provider to block the calls: our phone bills are paid by corporate, I don't even know who the provider is. And I am not authorized to make changes to the plan. 
+
+For those that say don't answer or just hang up: we have no caller ID to screen calls. 
+
+And I can't hang up because it Could be her daughters school calling which has happened before so I always have to ask "may I ask who's calling?" which is still a waste of my time. Also just hanging up will allow the disturbing calls to continue, which means myself or my other employees have to step away from the customers we are serving, walk to the phone, and take the time to answer. Yes of course we could hang up after that but the distraction is still occurring and I just want the calls to stop. 
+
+Those that say to fire her: she's a 10+ year employee  and doesn't deserve to get fired over phone calls that she has tried to but can't stop. 
+
+Those that say I should pay her a living wage. I am a manager for a corporate chain and can't pay her more.  She's also making $4 above minimum wage and I'd say for a barista, that's pretty damn good. Not to mention I don't think paying her more would make her pay more debt. 
+
+Those that say this is her fault and she should pay: obviously, I agree. But I file this into the "not my problem" category. I am not her financial advisor, I'm her boss. If she comes to me for help I will offer her what advice I can but ultimately I think this just boils down to her family being irresponsible with spending, and I just want the phone at work to stop ringing. 
+
+And finally for those that say I should tell the person she's fired. Two things. Firstly the creditor will still call back. Then another employee when I'm not there may say "yep she works here still." Secondly they can call corporate office and get verification of her employment so I am choosing not to tell a lie that will be figured out anyway. 
+
+Hopefully that clears some of all this up since I can't keep up with comments. Who knew my post would blow up like this! 
+This post may or may not be r/fatFire, but it is trying to be part of the solution.
+
+I'm fatFIRE-d and my main "job" is managing my portfolio (which is fun and I like doing it myself). I have a bunch of investment-related questions that on their own are not great candidates for posts here on r/fatFIRE.
+
+Here are some sample questions I have:
+
+* What, if any, stock research services do you find valuable?
+
+* Does tracking experts on TipRanks have positive alpha?
+
+* Do fantasy stock markets like Motley Fool CAPS have any predictive power?
+
+* I'm interested in investing in land, who has made that work?
+
+* How easy is it to barter gold for other goods/services in practice?
+
+The best places I have found so far are:
+
+* bogleheads forums
+
+* SeekingAlpha
+
+* nuclearphynance
+
+* WSB (seriously, some of those guys know a lot)
+
+* Quantopian (sort of the opposite of WSB when you think about it)
+
+Are there other high signal to noise communities that people here would recommend?
+I try to skim through sections that don’t seem important. Does anyone have a fast guide to which parts they look at?
+
+Also, is there an easier source for finding # of shares outstanding/issued?
+Is this even legal? I was doing month to month at my previous gym (small chain) and they closed. Then I see that I’m now getting charged from crunch for 2.5x the amount? I did not consent to this. Has anyone dealt with this before? I already disputed the charges on my credit card and have no interest in going to this gym.
+Hi,
+
+Currently in discussion over a new job contract. 
+
+I’ll be required to drive to certain places as part of my role, and they’ve agreed to pay me the costs of this driving.
+
+They’ve said that they will pay me 18p per mile, and that I can claim the other 27p (to make up to 45p) through a self assessment each year. 
+
+My question is.. why are they not just going to pay the full 45ppm? (For clarification - I will be using a personal car) 
+
+Thanks in advance.
+A little bit about me: Single/W,  early 40's and working as a Tax accountant (EA, no CPA) .  My net worth includes the apt I'm living in that's paid off.  It's FMV is $140,000
+
+Will this derail my FIRE journey?  How much would I need to make to still be on track?
+
+I've been feeling burnt out for the last 2 years and COVID has made me really rethink what is important. I've spent so much time working long hours and I need to live a little.  I'm thinking about   a remote position and moving to a new City (currently live in NY).
+
+I would prefer not to return to a CPA firm.  I would love your thoughts on changing career completely even if a pay cut is involved (current salary is $123-135K).   Any thoughts on what I would do and jobs I could look for.....I've been looking to see if anything interests me at Amazon.  I have a friend who works there and will to get my resume into the hands of HR.
+
+It can be tax related but no review or preparation involved.  Thanks in advance.
+
+Signed,
+
+Burnt Out in NY :-)
+  
+
+SatoshiStreetBets official presents: **SatoshiSwap** \- First DEX with Margin trading - Yield farming - Liquidity providing - Lending -Swapping - launched FEB 7th - Currently 15m mc - Staking next week - DEX launching Q1 - Insurance fund - Audited - Leveraged token burns - Registered company.
+
+The original and official [r/SatoshiStreetBets](https://www.reddit.com/r/SatoshiStreetBets/), founded by David Gilbert, is launching SatoshiSwap on BSC; the first ever Decentralized margin trading protocol. **Token: SWAP.**
+
+Think of PancakeSwap with the option to open a leveraged trade. Let that sink in for a bit... Smart contracts coding finished and audited ✅
+
+But there is much more 👀
+
+\*Margin trading  
+ \*Swapping  
+ \*Lending  
+ \*Liquidity providing
+
+\*Audited smart contracts  
+ \*Battle tested defi components
+
+\*Insurance fund
+
+\*Experienced developers
+
+That is not it, much more unique features coming. Designed to reward holders of the Swap token. Choose what fits u and earn a passive income by holding SWAP tokens:
+
+ \*Earn interest: Securely deposit in the audited vaults and passively earn interest.  
+ \*Yield farming: Farm yield by providing liquidity to the SatoshiSwap DEX.  
+ \*Staking: Lock up your tokens in the HODl bar and receive staking rewards.  
+ \*Trading fees: A percentage of each trade is shared with token holders.  
+ \*Liquidation fees: All liquidated trades that occur on the SatoshiSwap margin DEX are shared with token holders.
+
+\*Diamond hands: A temporary token that tracks those who HODL and deserve maximum rewards. Tradeable and composable in its own right.
+
+\*Community participation: SatoshiSwap is distributed to community members in proportion to the upvotes their content receives.  
+ \*Vault fees: A percentage of fees from the vaults are shared with token holders.  
+ \*Leveraged burn: SatoshiSwap by design burns tokens in proportion to how much activity occurs on the margin DEX. With Leverage trades occurring, this means burns will occur in proportion to the amount of leverage e.g. x10.   
+ 
+
+**SatoshiSwap token: SWAP**
+
+*Current market cap only about 15m!* 
+
+*Staking next week*
+
+*DEX live in Q1.*
+
+*Massive token burn coming.*
+
+*About 400B coins getting locked for at least 6 months.* 
+
+ This will be a multibillion-dollar market cap in the near future🕺
+
+**NO TAX** on this coin. So can be listed at tier 1 exchanges (hint hint).
+
+Website: https://satoshiswap.net/
+
+Telegram: https://t.me/SatoshiSwapOfficial
+
+Twitter: https://twitter.com/SatoshiStBets
+
+Discord: https://discord.com/invite/SatoshiStreetBets
+Hi guys. Just found this new course from Georgia Tech on machine learning for trading. It's free and needs no registration. Here's the [link](https://omscs.gatech.edu/cs-7646-machine-learning-trading-course-videos). I haven't started or watched any of the videos. Feel free to drop any feedbacks for the course.
+Thanks!
+So my partner has been talking for many months about this couple that she's in a business partnership with that's going to make her FIRE within like 3 years. The story of how they met is the typical FIRE couple MLM scam story: This guy came into her work (retail) and started up a conversation with her. When the topic got to what he does for a living he said, "well, it's hard to explain, but basically I retired like two years ago (he claims to be 30) after meeting a couple who retired in their late 20's who mentored me." Then, he suggests that she can too and frames it in the way of, "would you like to work here for another 30 years or retire in the next 3?" She meets with him again, and he lets her borrow a book (The Go-Giver), which of course means that to return it she has to meet with him again. She does and eventually she ends up meeting the "mentor" couple and they explain how to retire early, "**by generating revenue on the back end of online distribution."** (this is important as it's always repeated but never clarified).
+
+The whole while that she's telling me about this, she's also telling me it's about changing the way you think about success, and creating the value that you want to see in the world. Whenever I ask her anything about the business structure or how income is gained in any way, she repeats that that's the wrong thing to focus on and it's all about doing whatever it takes to create the lifestyle that serves her purpose in life. Besides, there's so much you need to know about business and wealth creation that it wouldn't make any sense anyways. I ask her if she has paid any money for anything and she insists that she hasn't.
+
+I should mention that she started working a second job (overall working like 60 hours a week) in the middle of this and became very frugal because she, "needs to be incredibly focused creating the future she wants."
+
+So this whole time she's also subtly encouraging me to meet this couple and go along with her on this journey. I should mention that she hasn't tried to recruit me and I know she's not out there recruiting other people. She also hasn't asked me to buy anything and isn't selling any products to anyone. She insists that this is a real methodology for creating wealth and she's met plenty of other people who are FIRE because of this thing. Again, I should mention that anytime I ask about how income is generated I'm told that it works, "**by generating revenue on the back end of online distribution."** When asked to clarify that, I get told that I'm not in the right mindset and it'd be over my head anyways.
+
+This whole time I'm extremely suspicious and skeptical of this whole thing, but she's totally convinced that it's real.
+
+Anyways, eventually a meeting is set up between the guy in the couple and I at a Starbucks. He gives me his whole story about how he graduated from UC Davis and was a few months away from starting medical school when he met this couple who retired before they were 30. He dropped everything he was doing, ditched going to medical school to be mentored by these people and now he's been retired for 2 years (at age 30). He says he can teach me how to do what my partner is doing but it requires me to be patient and have an open-mind. He frames it in the sense that there has to be a vetting process with me and I have to prove that I'm willing to relearn how to think about wealth and success in order to proceed. Once again, whenever I ask anything about how specifically I'm going to make money, he responds with the same line of, "**by generating revenue on the back end of online distribution."** Again, all 100% from the MLM scam script. He also asks me out of nowhere about pyramid schemes and then goes on to defend them and the MLM pyramid structure even though I didn't say a word about either of those things.
+
+I walk away from the meeting feeling terrible, and when I tell her about my feelings about the meeting, she comes back with, "there's so much you don't understand about this and he is the one who can explain things, so ask him." So I have another phone call with him and just hear more BS and misdirection whenever I ask about how to actually make money. One big tell was when I asked him to give me an example of how some dollar amount goes into my bank account and he said that it, "wouldn't make sense even if I explained it. You haven't run a successful business or have a formal business education so you wouldn't even know the first thing about it." I tell him that the whole thing makes no sense and that I can't continue taking a strangers word on blind faith, so I'm done. I tell her and she gets extremely upset saying that my lack of trust in him is a lack of trust in her and that we don't have the same values in regards to this thing. She accuses me of not being patient and open-minded like she thought, so we can't continue with the relationship. I confronted her with how this whole things follows directly the MLM scam script, and she got extremely angry about how I "believe internet blogs over her," and now she refuses to talk or listen to me. I'm feeling pretty emotionally devastated at the moment; just two days ago our relationship was totally great.
+
+So my question to this sub is, has anyone ever heard of a scam like this that doesn't rely on recruiting/buying anything until someone is already deep in the process? Obviously the whole things just screams MLM scam, but she says they haven't asked her to buy anything or recruit anyone, even after many months in the process. My fear is that they're encouraging her to work super hard and save a ton of money so that after a while they'll say she's "ready" and she can buy into the "business" with some huge lump of cash. Does that sound like a familiar scam to anyone here? Or is there any chance that it isn't a scam and I'm just crazy? I guess I'm just looking for more clarification on how this  might work. I plan on contacting her friends and family about this so that hopefully we can help to undo the brainwashing to some extent and get her back to reality.
+
+TL;DR My partner is deep into what seems to me a long term scam from a FIRE couple, but I'm not sure how it works as after several months she claims she hasn't been asked to buy anything or recruit anyone.
+
+UPDATE: The support I got from this thread was extremely helpful, thanks to everyone. I got in contact with her sister who knew she was involved in some sort of business, but hadn't been told anything about it. My partner gave her some samples and she discovered that it is indeed Amway after all. On one hand, it's a relief to know what we're up against, on the other hand it feels miserable to be anywhere near this company, let alone to have lost someone to it. I have had 0 contact with my partner this whole month, until this Monday the 29th when she sent me a threatening text telling me not to contact her family and that she would sue me for slander and file a restraining order against me. Obviously there is no legal basis for this so I'm not scared of that, but it does go to show how fervently and seriously she is brainwashed. Luckily I am in contact with her sister who seems to understand the seriousness of the situation and is planning to get other members of her family involved in extracting her from this. I'm not sure our relationship can or should be saved, but as long as she's involved in this then there is for sure no hope and she will definitely lead herself into total ruin. I'll update this again if there is anything more to say.
+Hi! Mid-30s, single, HCOL, $1MM/year income (own software business) with $1.5MM liquid.
+
+Currently renting and have been in my current place @ $2k/mo for the past 7 years. I’ve been monitoring the real estate market over the last 3 years and finally stumbled upon something that tickles my fancy in a neighborhood I like — a 11k sqft lot on a hillside with 180 degree views of downtown for \~$2.2M. My agent (who I trust) says it’s exceptionally rare for something like this to be on the market just based on the lot alone. The house itself (about 5k sqft) however was built in the 1920s and is so outdated it’s uninhabitable so whoever purchases it is likely going to need to do a raze and rebuild. 
+
+My current dilemma is: do I delay another 3 years and likely another $2M developing the property or should I hold off and wait until something with better bones and similar lot attributes comes onto the market (likely never)? And is this a dumb decision financially to make myself house poor like this? At the moment I’m pushing for it since one of my dreams is to have a house similar to those featured on Dwell and probably won’t be able to unless it’s custom built. But I’m also new to home ownership and feel like I’m being too ambitious as a newbie.
+
+Please help talk me into or out of making this decision, especially any regrets or endorsements for those of you who have gone down a similar path. Thanks!
+
+EDIT: Forgot to mention I have a loan pre-approved for the property already (w/ 20% down)
+**What is Ponyo?**
+
+Ponyo ($PONYO) is the world’s first SUCCESSFUL “auto-impact” token on a mission to prove that Web 3.0 can make the world a better place. 3% of every Ponyo transaction is automatically donated, currently to the Coral Restoration Foundation, one of the world’s most effective non-profit organizations supporting coral reefs’ natural recovery process. Since launching on October 28, 2021, Ponyo has donated nearly $800,000 towards rebuilding our coral reefs.
+
+Video of Doxed Cofounder with CRF in Florida ([https://www.youtube.com/watch?v=mPAdSW3RCEI](https://www.youtube.com/watch?v=mPAdSW3RCEI))
+
+**What is Ponyo Impact?**
+
+Ponyo Impact is the NFT launchpad led by the creators of Ponyo. Our mission is to support organizations making tangible improvements to life on earth. We collaborate with mission-driven organizations to mint NFT projects that generate high impact funds for projects that create positive change in the world.
+
+Ponyo Impact Website (Pearls NFTs Early Mint Access 1/8/2022) (18 DAYS AWAY)
+
+([https://pearls.hangnft.xyz/nft/pearls-2022-01-10-a7a3](https://pearls.hangnft.xyz/nft/pearls-2022-01-10-a7a3))
+
+There is currently an official FREE $PONYO giveaway for signing up to the Ponyo Impact Newsletter
+
+([https://twitter.com/PonyoInu/status/1471624193905242121?s=20](https://twitter.com/PonyoInu/status/1471624193905242121?s=20))
+
+Official Ponyo Impact NFT Discord
+
+([https://discord.gg/5gNTrWz3p2](https://discord.gg/5gNTrWz3p2))
+
+**Tokenomics:**
+
+* 1,000,000,000 tokens in supply
+* 5% of all volume goes to marketing
+* 3% is donated to impact partners (currently the Coral Restoration Foundation);
+* 2% to liquidity on exchanges
+* 1% to reflections (which is passive income distributed to token holders)
+
+$PONYO is available for purchase on UniSwap, PancakeSwap and LBank. In negotiations to list on [Gate.io](https://gate.io/), Kucoin, and [Crypto.com](https://crypto.com/), as well as a bridge to Boba Network
+
+**Highlights:**
+
+✅ World’s First Successful Auto-Impact Token
+
+✅ ATH market capitalization of $45 million two weeks after launch
+
+✅ Over $800k donated to the Coral Restoration Foundation
+
+✅ “Swim Swim” play-to-earn game allows users to earn $PONYO while giving back. Play the beta demo here ([https://www.shrimp.plus/](https://www.shrimp.plus/))
+
+✅ Finalizing representation from CAA, the #1 creative agency in the world
+
+✅ Over 5,000 Token Holders
+
+✅ Team includes veteran crypto founders and alum of CAA and Harvard Business School
+
+✅ 8 Person Core Team, with >80 additional non-core team members - One huge advantage to Ponyo that other teams don’t have is a very established real world team that is doxed in order to sign legal agreements with non profit organizations
+
+✅ Experienced Board of Directors comprised of crypto veterans in the hedge fund, venture capital and talent management industries
+
+Ponyo is a “meme coin on a mission” to prove that crypto investing can benefit society. The first goal is to achieve $1 billion in market cap by the second quarter of 2022, which will allow the ability donate tens of millions of dollars along the way.
+
+**A MUST READ “Due Diligence” HERE**
+
+([https://www.reddit.com/r/SatoshiStreetBets/comments/ri54sf/ponyo\_rebranding\_up\_100x\_since\_launch\_some\_ico/](https://www.reddit.com/r/SatoshiStreetBets/comments/ri54sf/ponyo_rebranding_up_100x_since_launch_some_ico/))
+
+**Official Linktree for EVERYTHING:**
+
+([https://linktr.ee/ponyoinu](https://linktr.ee/ponyoinu))
+
+🌐 Website: [https://www.ponyo-i.nu](https://www.ponyo-i.nu/)
+
+📱 Telegram: [https://t.me/ponyoinu](https://t.me/ponyoinu)
+
+🕊 Twitter: [https://twitter.com/ponyoinu](https://twitter.com/ponyoinu)
+# 🐕 The 100% SAFU FlokiFrunkPuppy
+
+>Elon Tweeted and BSC exploded with FrunkPuppy Scams. Most of them have already rugged. This one never will!  
+>  
+>**The dev is crypto YouTuber GenTokens. He is (properly) doxed.**  
+>  
+>**Devs Linked-In:** [https://www.linkedin.com/in/steven-hall-b6746520/](https://www.linkedin.com/in/steven-hall-b6746520/)  
+>  
+>**Devs YouTube Channel:** [https://www.youtube.com/c/gentokens](https://www.youtube.com/c/gentokens)  
+>  
+>Gen (AKA Steven Hall) is the lead developer of [https://gentokens.com/](https://gentokens.com/) he is the dev on many safe and proven tokens that you probably already own, including Gallant, Muso, Seismic CB, GeniusBoy, FoxGirl, RisiCoin and many others.  
+>  
+>When Gen writes a contract you know it is safe!  
+>  
+>But he likes to make sure that you feel completely confident, even if you have no idea who he is.  
+>  
+>That’s why Gen’s Floki Frunk Puppy Token has hardcoded fee limits. The total fees can never be increased over 12% and the reflection can never be lowered below 2%
+
+# 🧨 Stealth Launch With 100% LP Burned!
+
+>Gen is a big believer in fair stealth launches.  
+>  
+>There was no pre-sale. So there will be no pre-sale dump.  
+>  
+>There were no team tokens - So no team members will dump.  
+>  
+>Gen NEVER holds back dev tokens - And Gen never dumps!  
+>  
+>At launch 100% of the token supply went into liquidity.  
+>  
+>And 100% of the Liquidity has been burned. **Not locked. BURNED!**  
+>  
+>Since launch Gen has also added a second liquidity pairing with BUSD  
+>  
+>100% of this pairing has also been burned.  
+>  
+>This token is as safe as it gets!!
+
+# ⚙️ The Tokenomics
+
+>The fees are 12% buy and 12% sell. These are hardcoded limits and can never go higher.  
+>  
+>Token Reflection 2%  
+>  
+>Auto-Liquidity 4%  
+>  
+>Marketing 4%  
+>  
+>Development 2%  
+>  
+>The 2% token reflection has a hardcoded limit, It can never drop below 2%
+
+# 🚀 The Marketing Plans
+
+>Gen has launched many tokens. He no longer accepts any promotional offers from people that he doesn’t know and 100% trust. He only deals with people that have previously proven their worth. If money leaves the marketing wallet then he makes damned sure that it adds massive value to the token and the holders!  
+>  
+>Marketing has only just started. **YOU ARE VERY EARLY!**  
+>  
+>YouTube Crypto Influencers  
+>  
+>Gen is a Crypto YouTuber, with over 5,000 followers. He will consistently promote this token on his channel.  
+>  
+>Crypto Influencer Crypto Lightsaber has already posted two videos promoting the token, This was an unpaid for promotion. He spotted the token and could see its massive potential so he jumped on it. Others will follow!  [https://www.youtube.com/watch?v=GFkd\_AlA95U](https://www.youtube.com/watch?v=GFkd_AlA95U)  
+>  
+>Gen has an AMA with Crypto Influencer Cowboys of Crypto Scheduled for this week. Cowboys of Crypto is very passionate about safe projects, he will love it!  
+>  
+>Later in the week, Gen is doing a AMA with Moonarch, as well as having pinned posts in their Telegram groups and banners on the Moonarch website.  
+>  
+>LIVE Streamed Giveaways  
+>  
+>Gen also has a popular gaming and giveaway YouTube channel with over 15,000 subscribers. He has hosted many LIVE giveaways (Giving away money, games and Xbox Series X Consoles)  
+>  
+>Gen is running constant FREE-TO-ENTER giveaways via Gleam to continually spread awareness of the token leveraging Gleams excellent viral sharing tools.  
+>  
+>All Gen’s giveaways are done LIVE. The winner is picked using Google’s random number generator and everybody can easily see their entry. It’s as genuine and transparent as it can be.  
+>  
+>Right now Gen is giving away 2.5M Tokens (current value $2.5K) to one lucky winner picked at random from all valid entires. He will continue to create new giveaways each week. Constantly leveraging the power of Gleam’s social tools to virally spread awareness of the token.  
+>  
+>Remember… right now the **market cap is VERY LOW!**  
+>  
+>This means that the token does not yet qualify for Poocoin Ads, CMC or CoinGecko. BUT IT WILL! And the banner adds are ready and waiting!  
+>  
+>Due to the stealth nature of the launch, there are currently less than 200 people holding Floki Frunk Puppy token. But the community is growing very fast. The community are incredibly passionate about the project. And they are already shilling hard!  
+>  
+>Because there were so many Frunk Puppy scams, it is very easy to spread awareness of a genuine one. Gen has a team of people that are currently contacting everybody that joined a Telegram group of a scam Frunk Puppy. To let them know about this one. He hopes that they will all recover any losses and go on to make huge gains.
+
+# 🛰️ The Future
+
+>Right now the number 1 focus is to raise awareness of the token and bring more holders into the project. Once the token has qualified for listing on CMC and CG, it will begin to feed a charity wallet that will be donated to dog charities. The token was created on the back of Elon’s tweet about a dog so it seems fitting that it should give back to dogs!  
+>  
+>Marketing will be ongoing, with money being spend wisely at each stage of the tokens growth to bring in as much value to the holders as possible.  
+>  
+>You can expect NFT’s, Celebrity Cameo’s, and a Frunk Puppy Game. Buy and Hold. You have found one hell of a Gem
+
+​
+
+🌎[Website](https://flokifrunkpuppy.gentokens.com/) | 💬[Telegram](https://t.me/frunk_puppy) | 🕊️[Twitter](https://twitter.com/TG_Frunk_Puppy)
+
+📝 **Contract Address:** 0xa9667d44b0f9d0fb7541869b59203b86bc867249
+
+💩 **Buy on Poocoin:** poocoin.app/tokens/0xa9667d44b0f9d0fb7541869b59203b86bc867249
+While I know this isn’t the solution for everyone, but there is a severe shortage of mariners right now. 
+
+The entry level guys where I work make $200-$400 per day. Typically you will work a rotation that give you a good amount of time off, (My rotation is even time, meaning I get six months off per year). Generally the benefits are pretty good, more importantly the healthcare is pretty solid.
+
+There is unlimited room for advancement, and many many options as far as what you want to do. Some ships stay local, some go around the world.
+
+Many of the folks I work with have families, and it works for them. It can be hard work, and you’ll have to be able to pass a drug test, but it can be a viable option. 
+
+I would be happy to answer as many questions as I can, or at least point you in the right direction.
+This question goes for the members that already made it. For those who probably got the big house, the fast car, and the fancy hotel rooms. We all heard at least once the cliche "money doesn't buy happiness". Can you agree? I always wanted to know first-hand, as someone who reached financial independence, what are your biggest struggles now (if any)? Are there any big issues you're dealing with now, that you didn't expect at all would come with reaching fatFIRE? I'm mostly curious about personal, emotional issues. I hope you don't mind sharing, thanks!
+Every time, and I mean EVERY SINGLE TIME, I buy a well-researched, "safe" stock that is by all objective standards a "buy" because it has the fundamentals, good press, is undersold and has been trading sideways suggesting it has bottomed, the stock suddenly starts to trend downward...for as long as I hold it.  EVERY SINGLE TIME I sell the stock, it rises to the point where I could have recouped all my losses the very next day.  Convince me my trading platform isn't directly or indirectly adversely using my activity against me and that the US market isn't rigged!  Explain how something like this could happen without corruption and racketeering.  Thanks in advance to anyone who can shed some light on this phenomenon for me!
+I started posting this elsewhere, gonna copy some text from others to add more info but I think I *might* know what's going on with DRS causing panic. 
+
+
+The *actual crime* he was doing was he got caught naked short by using MM exemptions to sell synthetic shares and couldn't fulfill the orders for later because he didn't have enough money. ***Hmmmm where have I heard that***
+
+Go read [his papers from prison he talks about it.](https://globaleconomicwarfare.com/2012/07/madoffs-crime-of-staying-naked-short/)
+
+> Feb. 3, 2012 6:46 A.M. … It was perfectly proper to short [my clients] securities or purchase those positions back from those clients or others with any profit or loss recorded on my books. … The point is that this was my practice prior to the time that I fell into my crime of ­staying Naked Short. The fact that the prosecutor and Trustee seemed clueless of this is why my frustration is so great.
+
+[Here's the papers](https://www.forbes.com/sites/dianabhenriques/2012/03/20/exclusive-the-secret-madoff-prison-letters/) with more info like this:
+
+> In order to avoid an ugly period of litigation and negative press, I agreed to take over the contra side of the hedge transactions with the understanding that the domestic client would hold me harmless from the losses on the hedge transactions. Provisions were made in the client’s trust agreements and wills to protect me even in the event of their death. Their hope was that the market would continue to sell off and erase the hedge loss. Unfortunately the ­opposite occurred. The market moved higher (post-crash), resulting in huge loses on the naked short hedge position.
+
+> For a period the client sent in bonds and cash to cover the margin calls but after a time claimed his inability to help due to his tax and other investment obligations. He assured me he would be able to re-liquify in time and honor his agreement.
+
+> The rest is history.
+
+
+ 
+
+
+> Nov. 24, 2011 6:51 P.M. … When you look at my RIDDLE [in the Nov. 23 letter], consider the fact that there was in fact no crime until I did not have enough capital in the firm to cover the losses. There is your real STORY.
+
+ 
+
+> Dec. 13, 2011 12:35 A.M. I know you might think I am rationalizing my actions, and to some degree that may be true …
+
+> I keep asking myself how I let this happen. … The reality is that for thirty some years I was successful earning substantial legitimate profits for everyone. Then I did allow myself to be put into a terrible financial situation because of a few trusted clients. This was my own ego and weakness to please that has always been my nature. I can blame no one but myself for allowing this to happen. …
+
+ 
+
+***
+
+ 
+
+To quote 
+
+
+> Adding on some more info (emphasis mine):
+
+> > Payment for order flow (PFOF) is the compensation, as much as 1 penny per share, that a stockbroker receives from a market maker in exchange for the broker routing its clients' trades to that market maker.[1] ***It is a controversial practice that has been called a "kickback"***.[2]
+
+> > In general, market makers are willing to pay brokers for the right to fulfill small retail orders. The market maker makes a profit from the bid-ask spread and rebates a portion of this profit to the routing broker as PFOF. Another fraction of a penny per share may be routed back to the consumer as price improvement.
+
+> Notice here in the next part, it shows the main brokers who use PFOF:
+
+> Brokers in the United States that accept payment for order flow include ***Robinhood, E-Trade, Ally Financial, Webull, Tradestation, The Vanguard Group, Charles Schwab Corporation, and TD Ameritrade***
+
+> which highlights EXACTLY why people are having trouble transferring from those, and users on fidelity and ibroker are having very little issues.
+
+> https://en.wikipedia.org/wiki/Payment_for_order_flow
+
+> # Buy. DRS. H♾️dl.
+
+ 
+
+***
+
+ 
+
+*To translate this differently:*
+
+Broker has agreed to send their orders to the guy paying them a kickback in return for being told what everyone is buying. (The scam known as PFOF)
+
+Kickback guy (market maker) grabs a basket of trades and decides if they will;
+
+* buy the shares now at a lower price, and sell to the costumer much later after a ton of orders have come in, pocket the difference and kickback a bit to the broker (this is a bet the stock will go up) 
+
+Or 
+
+
+* not buy the shares, but still sell the orders [(Madoff exemption)](https://www.reuters.com/article/us-madoff-sec-remarks-idUKTRE4BG6US20081217). With a plan to buy the shares later at a lower price and pocket the difference and kickback to the broker. (this is a bet the stock will go down) 
+
+The market makers made a bet the stocks would go down, didn't buy the baskets of stocks. It went up and hasn't gone back down. Leaving not only the market maker naked short, the brokers using PFOF with the market maker that made that bet are also 2nd degree naked short as they never got the shares from the MM who made the bet but doesn't have the cash to buy all the shit back they need later.
+
+***Fidelity transfers and DRS transfers are calling that bluff on PFOF*** they *all are naked short because they agreed to basket orders from the market maker that made a bet the stock would go down*
+I was reading [this primer](http://neweconomicperspectives.org/modern-monetary-theory-primer.html) on MMT and it seems very convincing, but this is a fringe theory. 
+
+Are there flaws with its explanations? 
+First of I am not an econ major so feel free to correct me if I am wrong, but the way I understand QE is that the federal reserve swaps the mortgage securities and us bonds from private banks for money. This allows the banks to buy either more bonds or give out more mortgages or buy more mortgage backed securities (allowing someone down the line to issue more mortgages). The impact of this is higher property prices.
+
+​
+
+I suppose theoretically when people sell overpriced houses they can use it to buy goods/services causing a "trickle down" inflation of sorts.  However in my personal experience it's rare to see someone sell assets for consumer goods, they mostly reinvest in other assets like more houses or stocks. So isn't it disingenuous to say QE doesn't cause inflation, because we don't measure the impact its causing... A house is something everyone wants and should certainly be included in the basket of goods, stocks etc is debatable.
+
+​
+
+The point is by not including house prices in inflation measures, and only focusing on CPI we run this duality look QE isn't bad no inflation -> while making the life of working class families harsh as they spend all their money paying back their mortgages?
+
+​
+
+So is there something I am missing here, or is this by design to keep interest rates low and pumping the economy? I mean the central bankers seem intelligent enough to understand this.
+
+​
+
+Hoping for serious answers and not joke answers about money printer brrr.
+I have been an observer of the startup and emerging technology sector for a few years and have witnessed several examples of startups receiving significant VC funds (millions) for ideas with limited demonstrated product or service delivery and questionable technological capabilities, financial management and business models. I have observed this in instances where there have been several VC funds investing as a part of a "series" raise as well as individually. Sometimes the investments can be made before a product has been delivered or is at a stage comparable to what could be achieved by a hobbyist.
+
+1. Why do some venture capital funds conduct such little due diligence when investing when I can identify "red flags" as an individual with access to the internet? Is it because of the relatively small size of these investments compared to the capital available to these VC firms (too rich to care)? Is it because of a tax write off? Is it a PR thing?
+2. How can VC firms remain in business if they consistently invest with minimal assessment? Not every firm is going to back a unicorn.
+3. It is increasingly feeling like anyone could pitch a loosely defined business aligned to current technological trends and receive VC funds relatively easy with little obligation to deliver. Why is this happening?
+
+*Observation: Initial VC investment into a startup creates a precedent that the startup is reputable, capable and "profitable". This can led to increased funding and exposure whilst providing access to skills, resources and facilities otherwise unavailable. However, the underlying business model, limited customer demand and lack of profitability can lead to failure (delayed by additional investment) on a larger scale.*
+
+TLDR: How are VC firms profitable when they seem to be splashing cash without due diligence?
+[This](https://www.nytimes.com/2018/08/05/opinion/what-are-capitalists-thinking.html) opinion piece in the NYT from yesterday has a throw-away line about Keynesianism failing in the 70s. What failure is the author of the article referring to? Thanks!
+I can't be the only one here told this can never work.  That the hedgies, the banks, the DTCC and the FED are too powerful to take on.  That nothing can change no matter how hard you try.  That I am simply crazy.
+
+Well ignoring the fact that a defeatist mentality like that is how the powers that be try to keep control of the people , I don't actually have a rebuttal for the "you're crazy" part.  And like I just said, it's actually why I believe MOASS will come to fruition.  
+
+Now the next little bit is unrelated to GME but bear with me, it is in my opinion an interesting story.  
+
+You see back in the early 1970s a man named Chung Ju Yung was told the exact same thing by all of his critics and many of his close circle.  You're crazy, delusional, insane, out of touch etc.  His dream?  Creating a ship building company, with no experience (never worked a day in the shipbuilding industry), no shipyard, no capital and no purchase orders (obviously not) to speak of.  Now I can't exactly blame his critics, this sounds fucking insane, and even knowing how the story went as I am typing this, I am shaking my head laughing.  Anyways....
+
+So what did the 'delusional' Chung set out to do?  Well go to the bank to get a loan of course.  He needs money.  So off he went to the bank to get a loan for his 'business' plan.  
+
+The conversation went something like this.
+
+Bank: "Good morning sir, how can we help you?"
+
+Chung: "Morning, I would like to get a business loan."
+
+Bank: "Yes of course. What kind of business?"
+
+Chung: "Shipbuilding."
+
+Bank: "Interesting, whereabouts is your shipyard located?"
+
+Chung: "I don't have one, it's why I am here, I need money to build one."
+
+Bank: "... okay... How much experience do you have working in the shipbuilding industry?"
+
+Chung: "None."
+
+Bank: "... Do you have any starting capital?"
+
+Chung: "Nope, it's why I am here."
+
+Bank: "So you have no shipyard, experience, capital and you want a loan?  How do you expect to pay it back?"
+
+Chung: "Trust me bro, I got this."
+
+Now at this point you are probably thinking the bank shouted him out of the room and tried to check Chung into a mental ward.  But actually, here is how the rest of the conversation went.
+
+Bank: "Okay you are clearly... ambitious.  Well here's my last question.  Do you have any purchase orders?"
+
+Chung: "Nope."
+
+Bank: "Well okay Mr. Chung, you're really delus- I mean interesting in a very special way, so I will tell you what.  Get a purchase order and bring it to us and we just might lend you the money.  We need to see if someone is willing to... pay for ships you have not yet built, in your non existent shipyard, with your complete lack of experience..."
+
+Chung: "I see that is a reasonable request.  Okay I will bring you the PO.  Thanks for your time."
+
+So the 'delusional' Chung was like okay I just need to find someone willing to give me a PO.  No problem.  So he set out and started asking around.  And obviously had many doors slammed in his face.  But then he met someone even MORE 'delusional'.  His name was George Livanos.  A major Greek shipping magnate, and believe it or not he got a purchase order from him for two 260,000 DWT crude oil tankers.
+
+So good ol' Chung went back to the bank and said, "Here's your PO."
+
+And the bank.. lent him the money.  So Chung hired the people he needed and bought all the equipment and materials he needed and in March 1972, started to build the two ships AND the shipyard AT THE SAME TIME.  Two years later, in 1974, a ceremony was held, to name not only the ships but the goddamn shipyard as well.
+
+Today that shipbuilding company is THE LARGEST in the world.  What's it called you might ask?  Hyundai Heavy Industries.  Does the name sound familiar?  Yeah that's right Hyundai Motor Company was also founded by Chung.
+
+Now imagine what would have happened if Chung listened to his critics... What if he 'realized' he was delusional and gave up?  This is just one example of countless where success has found the 'delusional'.  I guess the saying fortune favours the bold is more polite way of putting it?  
+
+The fact is, I am 'delusional' enough to believe in MOASS.  And judging by all the buying, holding DRSing and engagement in this community I know I am not alone.  I mean, I don't want to live my life, just "being rational" and "playing by the rules".  If by some chance I am wrong?  So what?   My life won't change. I have nothing to lose.  Yeah lots of shills, the MSM, Wall Street and the government will say YOU ARE DELUSIONAL.  So what?  Since when did you care about me?  Oh wait, maybe its because they have more to lose than I do?
+
+Nothing significant is ever gained by being 'rational'.  You have to be fucking delusional.  And yeah I can't wait until I can look back on my 'delusions' counting my post MOASS tendies.
+
+yada yada not financial advice.
+So I wrote a check to my mother’s mortgage to pay it off.  The check initially took the money out of my account, but later returned because it wasn’t endorsed.  Couple days later the check was reprocessed and money was taken out of my account again, however my mother’s mortgage never received the money nor did I see a return of my money to my account.  I’ve been calling both banks to solve this issue for over six months now.  Both banks are saying the other bank has the money.  I don’t know what else to do, I’m also having a particularly hard time getting the two banks to speak to each other. 
+What can I do? They just keep giving me the same answer of the other bank having it. 
+Please help, thanks.
+
+Edit:
+Thanks for all the responses. I didn’t know this would get so many comments.
+A little more detail in why it’s been taking so long. 
+I’m active duty military and I’m stationed outside the U.S. I travel a lot for work and the places I do travel doesn’t have the best of power so sometimes in the middle of a conversation the power is cut. Also when I’m back where I am stationed I am either training or I am preparing to leave again. So I’m just super busy, believe me when I say this $40k is a lot and sorry if I sounds any differently. 
+Thanks for all the comments. Hopefully one of these will help me figure out where the money went.
+Hey everyone! is it worth contributing to my company’s 401k if they aren’t matching me til i’m a year in? i’m currently deducting 10% buuuut with the way the market’s trending, i’m thinking about lowering the deduction. Thoughts?
+I am looking into clean energy ETFs, the major names being ICLN, QCLN, PBW etc. Yes, they all have performed really good but they are not active ETFs and there is no manager who can go on TV/twitter to explain their choices. Given the success of ARK's approach in providing a rationale for their choices, I am looking for a similar clean tech ETF. Is there something like that?
+I bought lots of ETFs early February. I wanted a little bit in multiple industries, and a lot of them are down 20% at the moment, but a few are even worse. ARKG, MOON, and PBW are down 29%, 32% and 40% respectively. I have learned my lesson just watching my VTI investment slowly grow as everything else decreases, and I plan to move most investments to VTI or other safe ETFs once they break even. To reach that break even point sooner, should I buy more for ARKG, MOON, and PBW, effectively dropping my average share price?
+All About Asset Allocation
+
+-	Real estate is a separate asset class from stocks and bonds
+-	REIT are a convenient way to invest in real estate
+-	REITs have low correlation with stocks and bonds
+-	Nearly all commercial lease contracts have a built-in inflation hedge. Therefore, REITs are a good inflation hedge
+-	REITs are the simplest way to participate in the real estate market. They are also liquid
+-	Index Equity REITs and ETFs are a good choice
+-	REITs are divided into 3 categories
+  - Equity – Real estate properties. Most pure holding
+  - Mortgage REITs – do not own property, they finance property. Bond investment
+  - Hybrid – Hold both
+-	10% allocation to REIT is enough
+-	Do not include home equity in your asset allocation models
+-	Equity REITs are portfolios of apartments, hotels, malls, industrial buildings, and other rental property
+
+Investors Manifesto
+
+-	Diversification among different kinds of stock asset classes works well over the years and decades, but often quite poorly over weeks and months
+
+4 Pillars
+
+-	You usually don't want to place sector bets as you have already invested in them through your other funds. The exceptions are REIT's and Precious Metals funds
+-	REIT's have historical returns close to the market and have a low correlation to the market.
+-	REIT's should have a MAX of 15% in your portfolio
+
+The Only Guide to Alternative Investments You Will Ever Need
+
+-	REIT's are a great choice. But do not invest in mortgage REIT's as they are bonds and not equity
+-	REIT's have a low correlation to both stocks and bonds. This is true of domestic and international
+-	International REIT's can provide a benefit but their expenses tend to be higher so be careful. A 50/50 domestic and international REIT AA is a good starting place
+-	Do not treat your personal home as a financial asset. It is a place to live. It should not be included in your overall AA plan
+-	Investors who are not real estate professionals should gain exposure to REIT's though low-cost mutual funds and not directly buy properties as a way to achieve broad diversification
+-	REIT's provide a reasonably good long-term hedge against inflation
+-	5-15% is a good AA for REIT's in your portfolio
+-	Don't include your home in your financial AA decisions
+
+Asset Allocation
+
+-	Real estate is a major asset class that should have a meaningful allocation in a well-diversified portfolio
+  - Investors seeking real estate diversification have 2 ways to access the asset class. REITs or Private non-liquid real estate investments
+  - Equity REITs provide an alternative method of real estate diversification and are considered real estate
+    - Over the long term, equity REITs have had total returns comparable with U.S. stocks. Volatility is similar to stocks. They also have a relatively low correlation with both bond and stock markets which make them an attractive portfolio diversifier
+    - Equity REITs tend to be more correlated to small company stocks and changes in interest rates
+      - And just like in stocks, it makes sense to diversify your REIT holdings to both U.S and non-U. S holdings
+-	Having assets with similar return profiles and slightly positive correlations will reduce standard deviation and therefore improve the compound annual return of the portfolio. Even if the correlation is just mostly or slightly positive, it still provides a benefit
+
+A Random Walk Down Wall St
+
+-	Exercise 6 – Buy a house. Real estate is a great inflation hedge. REIT's are a good choice to own commercial real estate
+
+My Positions - 10% total.  5% to each fund
+
+Vanguard REIT - VGSLX
+
+Vanguard ex- U.S. REIT - VGRLX
+
+My other summaries and FAQ
+
+https://www.reddit.com/user/captmorgan50/comments/rnftyk/book_summaries/
+I have done some detailed research on 3 Regional US Banks that I feel have somewhat flown under the radar and deserved to be in your portfolio. All 3 have ex-dividend dates in the next month. I hope you find this useful, and please let me know your thoughts in the comments!
+
+# First Horizon National Corp. (FHN)
+
+Founded in 1864, First Horizon National Corporation (ticker: FHN) is a bank holding company based in Memphis, Tennessee. Its banking subsidiary, First Horizon, is the largest bank in Tennessee and the fourth largest regional bank in Southeast USA. They employ over 5000 employees at over 250 bank locations across the Southeast of the US.
+
+*Key points:*
+
+**Upcoming Ex-Dividend Date:** 10th September 2020
+
+**Dividend Yield**
+
+Currently, FHN has a Dividend Yield of 6.02%. This a generous dividend for the sector, however it has not had a negative effect on the stock price. FHN paid their Q2 and Q3 dividends since the stock’s lowest price of $6.40 in March 2020, and currently the stock is up almost 40% from that low.
+
+**Dividend Payout Ratio: 62.37%**
+
+Ideally, to consider the dividend to be truly stable, the Dividend Payout Ratio would be less than 50% - however, FHN have a history of paying a steadily increasing dividend. For 14 years – from 1993 to 2007, FHN increased their dividend yearly – with the only exception being 2000-2001 when they maintained it. Furthermore, from 2011 to the present, FHN have increased their dividend yearly – with the only exception being 2013-2014 when they maintained it.
+
+**Price to Book Ratio: 0.60**
+
+As of July 2020, FHN stock was trading at a Price to Book ratio of 0.60, which is quite attractive. At that time, the Book Value per Share was $16.67, with a share price of $9.96 (at time of writing, September 8th 2020, the share price is $9.60). This implies that the stock is currently trading at a considerable discount.
+
+**Institutional Ownership**
+
+FHN have 57.60% Institutional Ownership, which implies a good level of confidence in the stock. However, these levels can vary from quarter to quarter.
+
+# Valley National Bancorp (VLY)
+
+Founded in 1927, Valley National Bancorp (ticker: VLY) is a bank holding company based in Wayne, New Jersey. Its banking subsidiary, Valley Bank, currently operates over 230 branch locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, and Queens, as well as Long Island, Florida, and Alabama. They employ over 3000 employees.
+
+*Key points:*
+
+**Upcoming Ex-Dividend Date:** 14th September 2020
+
+**Dividend Yield**
+
+Currently, VLY has a Dividend Yield of 5.61%. Like FHN, this is also a generous dividend for the sector, however it has not had a negative effect on the stock price. VLY paid their Q2 and Q3 dividends since the stock’s lowest price of $6.02 in March 2020, and currently the stock is up almost 16% from that low.
+
+**Dividend Payout Ratio: 56.90%**
+
+Ideally, to consider the dividend to be truly stable, the Dividend Payout Ratio would be less than 50% - however, VLY have maintained their dividend for the past 5 years, with the stock price largely stable during this time as well. According to Zacks, of the 8 analysts tracking VLY – 4 recommended it as a ‘Buy’, 3 as a ‘Hold’ and just one as a ‘Sell’. The average price target is currently $9.22, which is a decent upside of about $2 per share.
+
+**Price to Book Ratio: 0.71**
+
+As of July 2020, VLY stock was trading at a Price to Book ratio of 0.71, which is quite attractive. At that time, the Book Value per Share was $11.08, with a share price of $7.82 (at time of writing, September 8th 2020, the share price is $7.46). This implies that the stock is currently trading at a considerable discount.
+
+**Institutional Ownership**
+
+VLY have 61.90% Institutional Ownership, which implies a good level of confidence in the stock. However, these levels can vary from quarter to quarter.
+
+# Synovus Financial Corp. (SNV)
+
+Founded in 1888, Synovus Financial Corporation (ticker: SNV) is a bank holding company based in Columbus, Georgia. Its banking subsidiary, Synovus Bank, operates 294 branches in Alabama, Florida, Georgia, South Carolina and Tennessee. They employ over 5000 employees. Other non-bank subsidiaries that are wholly-owned by SNV include Synovus Securities, Synovus Trust, Synovus Mortgage, Creative Financial Group and Global One.
+
+*Key points:*
+
+**Upcoming Ex-Dividend Date:** 16th September 2020
+
+**Dividend Yield**
+
+Currently, SNV has a Dividend Yield of 5.96%. Again, this is a generous dividend for the sector, however it has not had a negative effect on the stock price. SNV paid their Q2 and Q3 dividends since the stock’s lowest price of $12.12 in March 2020, and currently the stock is up almost 70% from that low.
+
+**Dividend Payout Ratio: 48.60%**
+
+Ideally, to consider the dividend to be truly stable, the Dividend Payout Ratio would be less than 50% - so the Dividend Payout Ratio of 48.60% for SNV is exactly what we want to see. In addition to this, SNV have a history of paying a steadily increasing dividend. For 14 years – from 1993 to 2007, SNV increased their dividend yearly without fail. Furthermore, from 2013 to the present, SNV have increased their dividend yearly.
+
+**Price to Book Ratio: 0.60**
+
+As of July 2020, SNV stock was trading at a Price to Book ratio of 0.60, which is quite attractive. At that time, the Book Value per Share was $34.30, with a share price of $20.53 (at time of writing, September 8th 2020, the share price is $21.78). This implies that the stock is currently trading at a considerable discount.
+
+**Institutional Ownership**
+
+SNV have a whopping 81.00% Institutional Ownership, which implies a good level of confidence in the stock. However, these levels can vary from quarter to quarter.
+
+On 4 August 2020, Synovus also announced a donation of $1 million to UNCF (United Negro College Fund) to set up The Synovus / Calvin Smyre Scholarship Campaign. The fund will include scholarships in Synovus' five-state presence for African American students to attend historically Black colleges and universities (HBCUs) and other higher education institutions. It is great to see that Synovus Bank supports the fantastic cause of providing greater opportunity for young black men and women in the US.
+https://www.bbc.co.uk/news/world-us-canada-47036515
+
+> The US Justice Department has filed a host of criminal charges against Chinese telecoms giant Huawei and its chief financial officer, Meng Wanzhou.
+
+> Among the charges are accusations of bank and wire fraud, obstruction of justice and theft of technology from US company T Mobile.
+
+Landlord is selling our house-offered to sell it to us for the appraised price, allowing us to bypass the insane bidding wars that are going on right now, with houses consistently going for above asking price. But we’re probably going to be moving out of state in 2 or 3 years. Obviously not a good time to buy. But doing the math and looking at available rentals, we’d be paying $400-500 more for rent than we would for mortgage on this place, including taxes and fees. Maintenance and repairs are a concern of course, as is being able to sell when the time comes, but house prices here are going up and don’t show any signs of slowing down. All things considered we’d strongly rather stay if it won’t cost us a ton of money-the available rentals would be a step down in terms of location, commute, and freedom to have things like a dog door or garden beds. 
+We do have enough money to put down a 20% down payment and still have $30k left in the bank not including our retirement funds. 
+
+Am I totally crazy for considering this?
+**Edit:** Thanks everyone! Gotta sign off after 4 hours, but deeply appreciate everyone's comments and may try to jump in a few tomorrow. Thank you!!
+
+Hi everyone. I touched on this a [bit yesterday](https://www.reddit.com/r/Superstonk/comments/ucapbh/comment/i69bxju/?utm_source=share&utm_medium=web2x&context=3), but it’s so nice to be invited here and I continue to appreciate that anyone deems my words worth reading. Thanks to KylIlIlIIllIle (only know their Twitter UN) who was the first to propose this AMA, and [u/badasstrader](https://www.reddit.com/user/BadassTrader/), who promptly set it up. Thanks to other Redditors and mods for also recommending and helping set this up.
+
+I ended up here today after I posted a [Tweet](https://twitter.com/ballmatthew/status/1516905884609302528?s=20&t=N5w_aamTz3Jn9GJWeXlxug) demonstrating that a Metaverse report by BCG had plagiarized my intellectual property. A few reporters subsequently tagged RC, who then joined the chorus ([\#1](https://twitter.com/ryancohen/status/1516924809736728576?s=20&t=f46pHDdUWr2DujGq3OKGMw), [\#2](https://twitter.com/ryancohen/status/1516932557627019264?s=20&t=f46pHDdUWr2DujGq3OKGMw)). You can find the outcome of the issue [here](https://www.reddit.com/r/Superstonk/comments/u8mns9/bcg_reached_out_to_matthew_ball/i5n4cuj/?utm_source=share&utm_medium=web2x&context=3).
+
+**My goal today is mostly to talk about the Metaverse!** I’m considered one of the leading experts in the nascent and sometimes inchoate field. In July, W.W. Norton will publish my book “The Metaverse and How It Will Revolutionize Everything”. It’s 375 pages on what the Metaverse is, where it comes from, why it matters (and why now), how it’ll be built (and what it needs), what sorts of experiences it’ll enable, where it’s going, the businesses that will be built for it, who is likely to lead, the regulatory response (and need), and so on. I’ve been fortunate to receive some advance reviews and endorsements, which include the CEOs of Epic Games, Sony, Unity, Microsoft Gaming, and Netflix; the blurbs can be found on my blog [here](https://www.matthewball.vc/metaversebook).
+
+​
+
+I’m also the Co-Founder of the Roundhill Ball Metaverse ETF (NYSE: $METV). It is the world’s largest Metaverse-themed ETF (also the largest gaming ETF, if you choose to define it as such). It was also the largest sector ETF launch of 2021 and second largest ETF launch overall (excluding mutual fund conversions). It is not enjoying CY 2022! Edit: The ETF is passive-rules based. That is to say, we do not actively pick any stock. It's based on qualifying measurements around sales, adoption, users, APIs, deployment etc. The criteria was established by a council of experts from Nvidia, Oculus, Rockstar/TakeTwo, Spotify, a16z, etc.
+
+My day job: I’m a solo VC mostly focused on the gaming space. I also advise a number of start-ups as well, and am producing some TV shows, films and games.
+
+If you have any questions feel free to reach out to BadassTrader who will be able to assist. Really big thanks to BT; very patient with me.
+
+I spent last night typing up a dozen or so responses and have a few hours today! Hi again!
+
+\----------------------------------------------------------------
+
+**Questions and Answers:**
+
+\*\*\*
+
+**(Q) What is your favorite and worst future vision of the metaverse? -** u/mt_dewsky
+
+(A) Many characterize the Metaverse as inherently dystopic because Snow Crash, Ready Player One, Neuromancer, et al, specifically or transitively portray it this way. I find this flawed. Human drama is the essence of fiction and utopias tend not to produce much of it. In 2017, Neal Stephenson told a reporter “Keeping in mind that \[Snow Crash was written\] pre-Internet as we know it, pre-Worldwide Web, just me making shit up”. But more broadly, the many proto-Metaverse that have been developed, whether they’re MUDs and MUSHs, Habitat, Active Worlds, Second Life, Roblox, Sandbox - they are entirely different in feel. About creation, exploration, community, expression, collaboration, identity. Which is to say, we should look to social virtual worlds when imagining the future vision of the Metaverse, not science fiction literature.
+
+That’s not quite your point, so I’ll return to it. There’s a lot said about the war of centralization versus decentralization. What’s important is to recognize that neither side can really “win”. Partial centralization is an inevitable byproduct of growth in digital ecosystems with no marginal costs and huge returns to scale. Metcalfe’s Law says that a platform with 10 users is more than twice as valuable than one with 5. At a certain point, this means inferior platforms can offer superior value to users. We see similar feedback loops from data growth, revenue growth, talent growth, brand, etc. Look at OpenSea today - it doesn’t own, or even exclusively retail any NFTs, it doesn’t own user accounts, payment information, etc. It even charges higher rates than many competitors. Yet its share is estimated at 80-90%. Habits, brand, ease of use, etc., all centralizes. And now OpenSea is valued at nearly $20B and is actively policing the NFT ecosystem.
+
+Recognizing the role of centralization - often good, terrible in extremes, and somewhat inevitable - is key to building a Metaverse we want. A few years ago, Tim Sweeney said “This Metaverse is going to be far more pervasive and powerful than anything else. If one central company gains control of this, they will become more powerful than any government and be a God on Earth.” To avoid this, we need to be really active and smart about which companies and technologies and business models we support, which regulations we advocate for, and what we build.
+
+The worst version of the Metaverse is one where the world is more centralized, gatekept, and controlled than it is today (I’d argue even today’s degree of centralization, but in the Metaverse era, would be awful).
+
+**\*\*\***
+
+**(Q) What are your thoughts about GameStop, LoopRing, and Immutable-X ushering the world into Web 3.0? -** u/Independent-Ad4660
+
+(A) I’m an investor in/advisor to Dapper Labs and Polygon, which are leaders in NFTs, L2s/ZKRs, and in attracting Web3 game developers. They have incredible momentum and I have huge confidence in them. It wouldn’t be appropriate for me to get deep into my thoughts on competitors and alternatives. But I want to be clear: I don’t want or believe in single chain futures and I think the brilliance of these models is that liquidity/entitlements/graphs are not owned by single companies, and the stated and technical goals are interoperation and openness. Which is to say, those who deserve should and will win, and then need to keep fighting to deserve and retain the crown.
+
+What I can say is that so much of GameStop’s Metaverse opportunity depends, unfortunately, on regulation. Consider, for example, that none of the major gaming platforms (including iOS or Android) enable blockchain-based games outside the browser (and they limit browser-based ones, too). You can’t even buy an NFT in the OpenSea app! These platforms also don’t really support third party stores (e.g. no GameStop on iPhone or Xbox), nor third party entitlements management services. They also block third party game bundles. I’m a strategic optimist, but these are big restrictions for a company like GameStop - no matter the brand, community, aspirations, capital, it’s hard to get around these problems. And of course, one of the reasons why platforms love the end of physical media is they exclusively sell digital alternatives, then manage that right in perpetuity - meaning more margin versus a GameStop sale, and lock-in forever (can’t resell or take your disc elsewhere).
+
+These issues are at the heart of why Epic Games sued Apple and Google
+
+The good news is regulators are definitely coming here. I wrote more here: [https://www.matthewball.vc/all/applemetaverse](https://www.matthewball.vc/all/applemetaverse)
+
+\*\*\*
+
+**(Q) What's the most succinct and powerful answer you can give to a person who doubts the value of cryptocurrency, NFTs, the metaverse, etc.? -** u/twincompassesaretwo
+
+(A) I would consider these different. It’s a bit like saying “tell me why digital payments, deeds, and electrification are so important”. Not a perfect analogy, but hopefully it comes across.
+
+More important than cryptocurrencies is the fundamental argument that blockchains are programmable money. Digital payments today are just facsimiles of credit card, ACH and wire services. There’s a lot of value in being able to contract into “money” and make money legible to software. This is why smart contracts are fast and easy, lawyers unneeded, staking/DeFi so fluid. This doesn’t require blockchains, though, to be clear. NFTs are a manifestation of this. If “money” is programmable, you can program whatever you like
+
+As for Metaverse [https://www.reddit.com/r/Superstonk/comments/ucapbh/comment/i69xfzg/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ucapbh/comment/i69xfzg/?utm_source=share&utm_medium=web2x&context=3)
+
+**\*\*\***
+
+**(Q) Hey** [**u/ballmatthewtweets**](https://www.reddit.com/u/ballmatthewtweets/)**, I see a lot of talk about the Metaverse in terms of gaming and office work, but I work in Manufacturing and companies are quietly spending hundreds of millions investing in Metaverse tech for manufacturing field applications. I have recently started a new role as a Metaverse Engineer in manufacturing with the scope of developing the infrastructure to empower augmented workers in the field and bridge the gap between physical and digital assets in production environments. -** u/cntry82txn
+
+**(Q) How big of a game changer do you think the Industrial Metaverse is and why is it not being discussed as much in public? -** u/dndpoppa
+
+(A) I like to describe the Metaverse as the fourth wave of computing and networking. The first was mainframes, from 1950s-1970s, the second was the PC and TCP/IP (the Internet Protocol Suite), from 1980s to late 2000s, then the most recent was mobile and cloud. We shouldn’t think of these as replacing the prior wave (there are more mainframes today than ever, we still use PCs and TCP/IP, etc), but building iteratively on top. Instead, they change who accesses computing and networking resources, when, where, why, and how, and so on.
+
+What’s interesting is that each of the prior three waves began and/or was first adopted by governments or mega enterprises. Consumer use cases were last. The Metaverse seems to be doing the reverse - and there are really good, fascinating reasons for why, which I get into my book but would require a chapter to get into here.
+
+But the result is we typically think of the Metaverse in consumer use cases in entertainment leisure. Of course, almost all of the value in the global economy sits everywhere. And so IF you believe the Metaverse is a successor state to prior eras, then it’s enterprise and industry which will be the primary use cases. It’s just not as exciting to talk about digital twins, automated plants with AR reporting, etc. Just as no one got excited about cloud CRM when talking about the Internet.
+
+In the fall, Johns Hopkins performed its first ever live patient surgery in XR. The surgeon, who also leads the neuroscience department, said it was like driving with GPS the first time. This is a great example. Today, we decide between Oculus and PS5. Oculus usually loses because it’s lower powered, with fewer and typically worse games, and a smaller player network - it might have some relative advantages, but not enough. Yet XR in industry isn’t an “or”. You don’t drive GPS instead of driving a car, you use the former with the latter. You define success like a surgeon does: better outcomes. This will be remarkably transformative.
+
+Have a look at the Atlanta Water Street Project in Unreal [https://www.unrealengine.com/en-US/spotlights/transforming-real-estate-visualization-with-an-xr-based-digital-twin-of-tampa](https://www.unrealengine.com/en-US/spotlights/transforming-real-estate-visualization-with-an-xr-based-digital-twin-of-tampa) or Nvidia’s Omniverse collaborative simulation platforms. Real estate is the single largest asset class globally, and it’s being made legible to software.
+
+\*\*\*
+
+**(Q) How would you elevator pitch the metaverse to someone like me that knows absolutely nothing about it?**
+
+(A) Couldn’t resist and answered this yesterday! [https://www.reddit.com/r/Superstonk/comments/ucapbh/comment/i69xfzg/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ucapbh/comment/i69xfzg/?utm_source=share&utm_medium=web2x&context=3)
+
+\*\*\*
+
+**(Q) Thanks dude. I just want to know how you made your leap from MNR to what you're doing now. Much love -** u/eatmykarma
+
+(A) Thanks u/eatmykarma. For other readers, MNR refers to the Ministry of Natural Resources. For two years, I was an initial attack wildfire fighter. Helicopters, drops, sleeping in tents, all that. I was based in Ontario, Canada, but we could be deployed anywhere, including the U.S. There was no clear leap. I was and remain very fortunate, but I worked hard, followed passions, knocked on a lot of doors (and kept coming back when ignored). Got a few breaks. Followed my passions. My writing has always been the big elevator. I loved my time firefighting (sometimes), though the damage to my knee is awful. A 54kg pump broke and kicked it in.
+
+\*\*\*
+
+**(Q) Hey Matthew, your written work on the subject is incredible, you’re pretty much the go-to metaverse guy so it’s awesome to have you reach out to interact with us Apes, thank you!**
+
+What’s your take on independent development companies creating their own VR-integrated metaverse? Do you think these projects have a chance to survive or will they get eaten up by the mega corps with unlimited funding etc? - u/YoitsPsilo
+
+I absolutely think they have a chance. RecRoom and VR chat are awesome and have more users than PS VR, any Oculus title, etc. Because we’re in this early transitional phase, it can be hard to assume anyone but today’s winners will thrive - they have the cash, assets, conviction, et al, to lead. Yet we were continuously taught over the last 30 years that this was not sufficient.
+
+Microsoft was as ahead and convinced of the mobile Internet as anymore, but they still ended up completely sideswiped on devices and browsers and web services. This was the result of many fundamental thesis errors. Facebook nearly lost mobile due to its bet on HTML5 over apps (they didn’t have a real app until 2012!) and spent many billions to get there (such M&A won’t be possible for the Metaverse). We see lots of this playing out today - there are different theses around VR versus AR, smartphones versus new devices, focusing on enterprise versus consumer, etc.
+
+One of the biggest challenges for these companies is always cultural feedback loops. If you spent 15 years building tech for, and rewarding employees for algorithmic optimization, does that skillset transfer to virtual social worlds and UGC economies? Probably not. A simple analogy. To thrive in the arcade era, a publisher had to make games that were (1) Great for 2-3 minutes of play; (2) Simple; and (3) Pay per use. This is because arcades were bought by businesses and shared devices.
+
+The introduction of consumer-grade gaming hardware (i.e. consoles) in the 1980s represented a ground-breaking change: suddenly you could game at home, play multiple titles, and, most importantly, save your progress. Saving meant games could have richer, longer, story-based narratives, and users could play endlessly without an additional fee. This was an entirely different experience. Being good at making Space Invaders or Pac-Man didn’t mean you’d be good at the next medium. Which is why the leading publishers of the arcade era didn’t lead in console, the console leaders don’t really thrive in mobile, or PC, or GAAS, and none in sandbox platforms like Roblox and Minecraft, etc.
+
+\*\*\*
+
+**(Q) Any time anyone hears “NFT”, all they think about are scam JPEGs and that it’s bad for the environment, and it seems to me like this will be a significant hurdle. What are your thoughts on how the bad press surrounding NFTs can be overcome? -** [**catsinbranches**](https://www.reddit.com/user/catsinbranches/)
+
+I agree with you. There’s a ton of scams out there. At the same time, there’s always scams at the next frontier. The Klondike Rush and rush to non-territorial West were real, but lots of fake shovels and deeds were sold.
+
+Many believe the cost ($ and environmental) will be solved. Solana claims their average transaction uses less energy than two Google searches. ZK and other L2 solutions are also helping. Part of the problem with, say, Ethereum, is that it treats every transaction like a $100,000 wire. There’s a reason Starbucks doesn’t ask for your zipcode, let alone your address and a signature, but the bank needs that and your ID. The intensity of a transaction should be commensurate with its importance. L2s and Zks do this by reducing security, processing time, etc, relative to their necessity. (And for what it’s worth, it’s not like going to bank to place a wire in person doesn’t have a very high allocated dollar and environmental cost compared to a $5 Venmo)
+
+\*\*\*
+
+**(Q) Out of all the companies who have taken the initiative to become a pioneer in the industry by ushering in the era of the metaverse through innovation and technology, which company do you think has had the best approach/execution thus far and why?**
+
+(A) Epic. They are relentlessly focused on finding ways to make it easier, cheaper, and faster for developers to build better and more lucrative experiences. To this end, they are more focused on the Metaverse’s GDP than their own revenue, knowing the latter will follow a thriving former. This is a brilliant thread [https://twitter.com/mikeBithell/status/1469657086678245376?s=20&t=pNwfGd5JguVP8SzlQ2UIvA](https://twitter.com/mikeBithell/status/1469657086678245376?s=20&t=pNwfGd5JguVP8SzlQ2UIvA)
+
+\*\*\*
+
+**(Q) Ryan Cohen appears to be extremely selective about his tweets. Why then do you think he chose to reply to you, knowing full-well the strength of the microscope lens he is under just from this community, let alone the bad actors and SEC?  - mikekal717**
+
+(A) Not a clue, but the financial press tagged him into the post a lot
+
+\*\*\*
+
+**(Q) What would you say drives your interest in digital media? What did you find fascinating as a kid or young adult that led you down the path you’re now -** **- a\_blue\_ducks**
+
+(A) I’ve always been fascinated with technology and storytelling. I ran a BlackBerry reseller business on Craigslist while in grammar and high school, moderated Digimon websites and message boards, imported manga in the pre-Ebay days and loved Dragon Ball, Zelda, Metal Gear and all that. I try to build or write about the stuff I love and want to see.
+
+Finished up but more replies below!
+TeamTrees Token is a Community Token on the Binance Smart Chain to Donate Towards Planting Trees Via Mr. Beast's Charity Foundation!
+
+Whether you donated to plant one tree, or one million trees, or simply helped to spread the word, you become A part of TeamTrees. 
+
+With more than 800,000 unique donors, TeamTrees raised more than $21M before January 1, 2020. Support hasn’t stopped either and TeamTrees keeps growing.  
+
+Token Information:
+
+• Name : TeamTrees Token
+
+• Symbol : $TeamTrees
+
+• Token Blockchain : BEP-20
+
+• Token Supply : 1 Quadrillion
+
+• Circulating Supply : 779.7t+
+
+• Total Burn : 219t+
+
+• 5% fee auto add to the liquidity pool
+
+• 5% fee distributed to all holders
+
+• Liquidity Locked until 2030
+
+• Team is Doxxed & Live AMA Video on YT
+
+• 2,000 Trees Planted so far, last Donation : 5/16/2021
+
+• 600+ Holders
+
+• $600,000+ Market Cap
+
+​
+
+• Purchase using PancakeSwap V2
+
+• Website — Visit Site ( [https://www.teamtreestoken.org/](https://www.teamtreestoken.org/) )
+
+• Telegram — Join Group ( [https://t.me/TeamTreeToken](https://t.me/TeamTreeToken) )
+
+• Contract — 0xe1f8c6ce0d69cbeb67c6bc3685e52c96291394a8
+6-12 months after outbreaks, the market typically has a solid record...
+
+[https://www.ameriprise.com/research-market-insights/market-insights/february-market-trends/#outbreak-table](https://www.ameriprise.com/research-market-insights/market-insights/february-market-trends/#outbreak-table)
+
+​
+
+So enjoy those discounted share purchases.
+A few days ago, went to Arco and got gas.  Paid inside because I wanted a snack.  Arco only takes debit or cash.  Used my debit.  Noticed today that my bill for gas was a little higher than I thought it should be.  Called the bank to inquire.  Apparently 5 dollars cash back had been added to my transaction.  Not sure how they added this on (I never get cash back), but calling ARCO corporate tomorrow.  Went to ARCO today demanded a manager and they gave me 5 bucks immediately without looking at the tape.  I now suspect they are regularly skimming their customers.  Another reason it pays to watch your statements!
+Hi everyone. My wife + I have hit the £90k joint salary limit, and would therefore not be eligible for shared ownership flats in London; where it states joint applicants must earn under £90k.
+
+
+I'm considering asking my employers for a £1 reduction in my official salary to get us below this £90k limit. Our joint salary would them be £89,999 per annum.
+
+
+Is this crazy, has anyone done this before? Would this even work? Can't seem to find answers online
+Hello,
+
+I'm interested in learning more about forex and how to trade currency, and I want to hear from all of you.
+
+1.) is forex a full-time "job" for you?  Do you have another job? 
+
+2.) Do you make just enough to get by, or enough to live like a king.
+
+3.) Do you have a family (Spouse, kids, etc.), if not, do you have time to have one?
+
+4.) How many hours a day do you spend on forex related things? What does your day look like?
+
+5.) How long did it take, and how did you learn forex skills?
+
+6.) What mistakes can a newbie trader learn from you?
+
+Sorry if that's too much, I just want to learn what a trader's lifestyle is.
+Because it does a few things: 
+
+- it helps bring the adoption of Ethereum to light by emphasizing the existence of the newbies
+- it shows that we are not always shitty people during bear markets
+- it gives us a chance to infect someone else with shitposting tendencies
+
+Now stop being mean to newbies and hodl pls
+So I have a Roth IRA in which I intend to only hold the S&P500 until my retirement (over 40 year time horizon).
+
+Solution 1: Buy VOO and don't touch until retirement. Re-invest dividends.
+
+Solution 2: Buy SPY and sell covered calls at conservative SP and delta, multiple notches out. Re-invest premium.
+
+​
+
+Edit: I'm aware of the issue of getting called away and having to buy the lot again at a higher price. However, what I'm most concerned about is potential drag on the compounding factor. Fortunately, taxes wouldn't be an issue for this account.
+
+​
+
+What would you do?
+Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. 
+
+***
+
+The thread guidelines are as follows:
+
+-  All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above.
+-  This thread is intended as a welcome place for discussion of all non-Ethereum related crypto.
+
+***
+
+ Resources and other information:
+
+* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education).
+
+* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto).  Account permissions are required to post comments through Reddit-Stream.com.
+
+***
+
+Enjoy!
+
+So something just occurred to me about those Congressional hearings. Yes, they were a year ago. I’m slow. (Just like you, don’t kid yourself).
+
+Obviously they were a farce, and there is much to be rightly critical of. But there was something *glaring* that I hadn’t considered before now.
+
+We all laughed and complained about who was there. But did you notice who *wasn’t* there?
+
+GameStop.
+
+Nobody was there representing GameStop.
+
+Now, these aren’t criminal proceedings, they were basically a fact finding mission with a public audience. I understand why they had DFV, even though I think it was unnecessary. He just liked the stock. But by having him there, they made it clear that this investigation *was not really about any of the other stocks that had been changed to Position Close Only.* It was only about GameStop. And DFV does *not* represent GameStop. He speaks for himself alone.
+
+So it’s clear Congress wanted to talk about GameStop, not the other stocks. *So why were there no representatives from GameStop at the hearings?*
+
+If something happened in your life where you were the victim (and GameStop is the victim as we know, because of the heavy shorting) then you would *rightly* expect to give testimony - whether that was in a court of law, or before Congress or whatever the authorities may be in that situation. You would be invited there. You would be expected there. Imagine getting beat up at school and the headteacher talking to the bullies, the people watching, the people making bets, the people watching the people taking bets, the people that have seen the bullies do their bullying elsewhere… literally talk to *anyone and everyone but you.* So I ask again…
+
+#Where the actual frick was GameStop?
+
+Obviously, RC was not chairman then, and his associates were not on the board. It was still the old guard that have since been removed… but damn. Thinking about it in this light makes this whole thing seem even more corrupt. It would seem like bringing a board member before Congress was a risk nobody in power wanted. So they just ignored them. They literally prevented a witness from giving testimony.
+
+Now I apologise if this point has been raised before, but I don’t remember seeing it. 
+
+If there was any doubt that the government didn’t know that they had a financial nuclear bomb on their hands, for me that doubt has now gone. It would seem to me, that they deliberately ignored what should be basic procedure when fact finding, which is to say, talk to *all* of the affected parties. 
+
+I’m no expert on this stuff, in fact I know very little, so if you guys have more information about procedures etc, I’d love to hear it. But from where I’m standing, it seems to me that in the noise and in the moment, I think we’ve missed something really obvious.
+
+I need to have a lay down for a while.
+
+🚀🚀🚀
+
+
+Edit - I just want to add a couple of points for any new comers …
+
+THERE WERE 3 HEARINGS spread out over a few months. There was ample opportunity to have GameStop board members testify. This isn’t an exhaustive list, but here are some of the people that were called in, and some associated thoughts.
+
+
+Michael Bodson - head of the DTCC, the organisation you have to join if you want to be a bank, a hedge fund, market marker, anything in the financial world basically. They also have all of the shares of every American company and then let other people play with them. He’s a dick. 
+
+Ken Griffin - financial terrorist. Loves crime, human suffering and mayo. That is all. 
+
+Gabe Plotkin - one of many hedge fund managers that was short. Why this one? Why not say, Steve Cohen? (Yes, yes, I know the bailout makes him extra suspicious, but still…)
+
+Vlad Tenev - Robinhood CEO , one of many ‘brokers’ that switched off the buy button. Why just him? 
+
+Keith Gill (DFV) - Speaks for himself. Just likes the stock. Also, legend.
+
+Dennis Keller and associates - Works for Better Markets. Wants wall st to sort itself out. Made clear that Citadel suck. Legends.
+
+Steve Huffman - Reddit CEO. Allows for *fairly* free speech on his platform, but not without its problems and obviously the main channel of communication in this saga. (Tbf, if I was clueless, I would have called him in too).
+
+Gary Gensler - chair of the SEC. He was rushed into that position *after* the sneeze. A bit weird for him to testify when he wasn’t there at the time, but the organisation he now represents was tasked with reporting on events, so I guess it’s fair game. (Yes, there’s *a lot* more that can be discussed on this, but please excuse my simplification). 
+
+Another point, is that ahead of time, everyone gives a written statement which allows Congress to prepare. In those statements, as well as the verbal testimony, the Clearing Houses got a lot of blame (I could be remembering wrong but don’t think so). However, the Clearing Houses were not questioned. If that’s actually the case, imagine someone trying to assassinate you with a bunch of hitmen, failing, and then everyone questioning the hitmen, so the hitmen say ‘oh but someone made me do it’…  but the person that ordered the hit just gets ignored? Sheesh.
+
+So again, Congress had no qualms calling in a load of spectators, but not the victim. Weird, huh?
+Cheers and Happy Friday to you! I still recall the information you shared, and am thankful that you were willing to take hundreds of arrows and insults on our behalf. Just want to wish you and yours a spectacular weekend! Thank you, Thank you!
+
+(First try was blocked for being too short, I think I fixed it)
+
+And to All Apes, everywhere, have a spectacular weekend as well!
+
+APES!! I LOVE ALL THE ADDITIONAL THANKS AND COMMENTS TO DFV!! (Thanks for the awards but put that money to work for you, OK!!)
+Does the US really need all these separate Defense & Investigatory bodies?
+
+Army, Army Reserve, Army National Guard
+Marines, Marine Reserve
+Navy, Navy reserve
+Coast Guard, Coast Guard Reserve
+Air Force, AF reserve AF National Guard
+
+Central Intelligence Agency
+National Security Agency
+Federal Bureau of Investigation
+Department of Homeland Security
+Drug Enforcement Administration
+And do we really need a whole federal agency dedicated Alcohol, Tobacco and Firearms?
+
+Before any significant cuts in health care, social security or any other welfare programs are made I'd like to see the fat trimmed from the above.
+I’d like to keep the value chain in Europe. I yearn for the euros I pay in fees to be recycled into the European economy. I do not want them to go into paying the salaries of American workers in the Big 3 fund companies, or into the pockets of the American elites. I want them to be reinvested in Torino or at Lille, to pay for people in Talinn or Lisboa
+
+My broker is already European-owned.
+
+But there’s no VWCE-equivalent…
+I just received a message this morning from my energy provider Ovo, and they are going to raise my monthly bill to £350, for electricity only. I just can't anymore, I am at a total loss of what to do and how to continue.
+
+This is the 3rd price increase to happen to me since the initial price cap rise, and this new price increase is going to be in place on my account before April 2022, so who knows what Ovo will do to my bill once the next price cap rise comes into effect.
+
+I've spent my morning searching for new energy suppliers, there has to be something cheaper available, and due to the current unprecedented market conditions right now no company will allow me to switch my energy provider. I am stuck in a corner and trapped until further notice.
+
+I'm at my limit, I literally can't afford to live in this new market anymore.
+
+I know that a lot of people will be in a similar or worse position than me, and may have already received similar messages from their own energy providers recently. Does anyone have any advice on what I can do, or what steps I should be taking in light of this?
+During this time demand was sky high, dealers were sold out of new bikes, and the used market as a result is massively over-inflated with even 20 year old bikes selling for thousands more than they normally would.  
+
+I was also able to unload two 5 year old mountain bikes for probably 40-50% more than what they were worth 12 months ago. One of the bikes was sold for the around 20% less than it’s new price from 5 years ago. Keep in mind this bike had minimal use but also almost no serious maintenance in this time.
+
+Both of these bikes had in excess of 40 messages on Facebook marketplace and sold within 24hours.
+
+From speaking with people in the car auction game the demand for used cars is also sky high.
+
+In the post at the time there were a few theories as to what might be influential from a financial side of things:
+
+- Early superannuation withdrawals 
+- Job keeper 
+- People wfh saving some $
+- General supply and demand market dynamics 
+
+However in the past 2 weeks in Victoria since restrictions have started to ease I’ve noticed that prices on used dirtbikes have dropped off and deals that would have been snapped up in minutes 2-3 months ago are now hanging around a lot longer.
+
+All very ironic given that the prices of these things were high when we could barley leave the home. 
+
+Has anyone seen something similar in other states? Where do we think this is heading for not only the outdoor recreation equipment market but the economy as a whole?
+It is obvious to me that the real estate market will crash because of the insane valuations on houses lately. So I am thinking about buying out-of-the-money put options on real estate ETFs, figuring the option's value would magnify greatly in the event of an actual crash.
+
+Does anyone know good ETFs for real estate using this strategy?
+So many people here are wanting to walk away form a trade they have just made because they're down 20% etc. You've only just traded, it could take years for this company to take flight. Give it time fellas, will not happen over night.
+
+Only lose when you sell.
+
+Only know you've been high when you're feeling low
+
+Only hate the road when you're missing home
+
+Only know you love her when you let her go
+
+And you let her go
+I can feel a lot of the newer autists on here scratching their heads as to why we are seeing so much red lately. I'm just as retarded as the next guy but here's my two cents, feel free to add anything or correct me in the comments.
+
+# Rising Bond Yields and Inflation
+
+Firstly if you're unfamiliar with how bond yields correlate to asset prices here's a short explanation.
+
+Bond yields are based on expectations of inflation and economic growth (as well as a few other things that aren't important here). As interest rates rise, the price of bonds fall while bond yields rise.
+
+As a result of U.S stimulus, the anticipation of the economy opening up and an increase in vaccinations the expectation of coming inflation is high. The potential for fast paced inflation during the economic recovery is causing bond yields to increase sharply as people do not want to buy them. Another important factor to understand is how bond yields correlate with company valuations, i’ll let you look into that yourself. 
+
+Another potential reason for a "correction" is that U.S stimulus has driven benchmark indices to record highs during the pandemic, with retail investors making increasingly speculative plays with too much debt. With an influx of retail money which is highly over leveraged the fears of rising interest rates is the perfect catalyst for a sell off or potential correction.
+
+There is more to be said but i have to go to work so i'll leave it at that for now. In my opinion the market is still incredibly optimistic and this over reaction will be short lived. Just remember not to be an emotional retard and sell off over the coming week.
+
+TLDR
+
+Fears of inflation causing bond yields to rise, more focus on fixed income investments.
+I won't mention the name of the bank, but I walked up to the teller during the middle of the day on a weekday and was unable to withdraw $4000 cash (even though I had much more than that in my account).  I was told that next time I would have to call ahead to give them notice.  In the end I walked away with a bank draft...
+
+Makes you wonder, if we ever start heading down the hyper-inflation road, how much cash is actually available?  How much will you be able to get from the bank before it shuts its doors?  
+
+If I couldn't withdraw $4000 from a "perfectly healthy" bank during an economically stagnant period, what hope is there for anyone to get their money when the cracks start propagating?
+The SQUID cryptocurrency peaked at a price of $2,861 before plummeting to $0 around 5:40 a.m. ET., according to the website CoinMarketCap. This kind of theft, commonly called a “rug pull” by crypto investors, happens when the creators of the crypto quickly cash out their coins for real money, draining the liquidity pool from the exchange.
+The SQUID crypto coin was launched just last week and included plenty of red flags, including a three-week old website filled with bizarre spelling and grammatical errors. The website, hosted at SquidGame.cash, has disappeared, along with every other social media presence set up by the scammers.
+
+Did you fall for this scam??👀
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+
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+
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+
+TG: [https://t.me/newbtokencommunity](https://t.me/newbtokencommunity)
+
+Twitter: [https://twitter.com/newb\_token?s=21](https://twitter.com/newb_token?s=21)
+
+Reddit: [https://www.reddit.com/r/NEWb\_Token\_Official/](https://www.reddit.com/r/NEWb_Token_Official/)
+
+Subscribe our YouTube channel:
+
+[https://www.youtube.com/channel/UCxott1Q3K-Pscdal7AQcCVg](https://www.youtube.com/channel/UCxott1Q3K-Pscdal7AQcCVg)
+Disclaimer: I'm a smooth brainer with a lot of time.
+
+So the reason for this little DD is because of a certain find by u/PapaTheSmurf and his post
+
+[https://www.reddit.com/r/Superstonk/comments/nd39dl/srnysearca202054\_need\_some\_wrinkles\_asap/](https://www.reddit.com/r/Superstonk/comments/nd39dl/srnysearca202054_need_some_wrinkles_asap/)
+
+  
+The finding in question is as follows and it clicked in a couple of missing pieces to a theory I have about our secret whale.  
+[https://www.sec.gov/rules/sro/nysearca/2021/34-91901.pdf](https://www.sec.gov/rules/sro/nysearca/2021/34-91901.pdf) 
+
+This rule appears to provide an exemption for companies that fall under “investment companies” in obtaining shareholder permission before issuing securities that relate to acquisition of stock or assets of another company.  
+This is huge considering that both BlackRock and Vanguard quite literally, are major institutional shareholders (almost always number 1 and 2 in ownership) of almost every major company in America.
+
+https://preview.redd.it/pgjpu1rpzoz61.png?width=826&format=png&auto=webp&s=dac7e0e819ef18f386e52fc970b7cde5a6ac7318
+
+Seriously, look through Yahoo finance and look up a company and their top institutional holders. They're all BlackRock and Vanguard.  
+BlackRock currently has an Asset Under Management value of US$9T (9,000,000,000,000).  
+Vanguard has US$7.1T.  
+Together it’s $16.1Trillion.  
+The reason why I put them together is because the highest institutional holder of BlackRock shares is Vanguard.  
+
+NOW.
+
+This is a very important headline.  
+[https://www.bloomberg.com/news/articles/2020-05-21/how-larry-fink-s-blackrock-is-helping-the-fed-with-bond-buying](https://www.bloomberg.com/news/articles/2020-05-21/how-larry-fink-s-blackrock-is-helping-the-fed-with-bond-buying)  
+‘BlackRock is now the Fourth Branch of Government.’  
+This headline is important because it’s not really much of a metaphor. BlackRock assists, funds and even advises government entities as well central banks.   
+
+That’s a stupid amount of power.  
+Now from here we have a motive under a certain conspiracy theory. A good video on it here:  
+[https://www.lewrockwell.com/2021/04/bill-sardi/who-runs-the-world-blackrock-and-vanguard/](https://www.lewrockwell.com/2021/04/bill-sardi/who-runs-the-world-blackrock-and-vanguard/)  
+
+
+This video is where I’ve got most of the research up until this point in the DD. It’s worth a watch if you have time, seriously. It’s a lot to take in but all the information is cited, and with all the bullshit we’ve seen citadel pull it’s really not that far-fetched.
+
+Back to the topic at hand.   
+What happens when you combine the very largest securities holders on the planet that have government ties and a sneaky rule that allows Investment companies to buy out other companies without any prior permission? See where I’m going with this?  
+And if this wasn't good enough, this whole GME fiasco is going to be a double whammy for our big friend BlackRock.  
+Since, (quoting DR. T) “Citadel doesn’t wear clothes” they’ve been keeping the prices on the stock market incredibly low, we know this. Citadel has been a leech on these two giants for many many years, and GME is the prime time to rip this leech off by its slimy ass tail.  
+But the juicy treat is not Citadel. It’s the DTCC.  
+And I mentioned this in a previous fluff post after an epiphany one sleepless night.  
+When Citadel is done, and the bill comes in at $64Trillion.  
+Not only will these megalodons have a portfolio through the fuckin roof when all of their shares come back above water with the stock market inflating again.  
+But they can literally buy the DTCC, piece by piece as GME shoots through the goddamn milky way.
+
+Below is a very detailed step by step visual for those who still don't see where this is going.  
+
+
+[I made this with all the crayons I haven't eaten yet.](https://preview.redd.it/f5lle58dzoz61.png?width=1152&format=png&auto=webp&s=4a93bbfb2fd9099fc847203bd2a9261a56afabbd)
+
+What this means is not only are BlackRock and Vanguard going to own the entire stock market by holding all of its physical shares.  
+They’re going to own every single company in it.
+
+And because of this ownership rule, they’re going to own the entire western face of this planet in one swing, have total undeniable control and no one can stop them.
+
+What they plan and what happens after is open for debate, my best guess is what is explained in the video I linked earlier.
+
+TLDR: invest in gold or BlackRock after GME moons.
+I had an incident this week where i purchased a student house mid year and inherited the lease/students and the students asked me about garbage. I asked what they did with prior landlord and they didnt really have an answer, they just put garbage on the curb and some weeks it was picked up and some weeks it wasnt.  In my town you either pay a garbage service or you have to buy a certain color bag that costs $5 per bag to use in order for garbage to be picked up. I offered to drop off bags for them and they said theyll just buy them. Then 2 days later a mom calls and asking why they have to pay for bags lol. I feel like its easier to just always loop the parents in.
+
+​
+
+Anyone have experience with this?
+This is not a rant post, I just want to acknowledge the humor. Literally every time I've deposited money into my m1 account, I have had a down week. 
+
+My last deposit I waited from my usual deposit schedule for a down week (last week) thinking that I'll beat the majority of the loss.... lol nope. My first journey in investing was March, 1 month before the big dip. 
+
+Honestly that helps me feel better. I dont have the huge sense of panic I did before. I do have a set threshold which I will withdraw if I hit it, but I dont see things getting that bad. 
+
+Here's to hoping that we are seeing the worst of the dip today!
+**TLDR**: GameStop is flight-ready. The exit is closing. Multiple scenarios show that **closing positions will be an incredibly difficult** task. The keys to trigger the MOASS are right in front of us, VW and the 'sneeze' in Jan 2021 both shared **massive share and options buying.** I think this needs discussion, that the options buying could come from **The Gambling sub.** I believe "options are FUD" is FUD, created by short hedge funds to scare them away from the **power of market maker hedging aka an infinite loop of hedge funds buying shares.** When that sub decides to pile into a run, while coasting on the DRS wave, then all the puzzle pieces will be together. **Retails needs to use all its the items/abilities** to slam the door shut and **ignite the rocket.** 
+
+If even one ape reading this gains a wrinkle and chooses to Buy, Hodl, and DRS, then I've been successful.
+
+[Hey SuperStonk! u\/Rockets2TheMoon here!](https://i.redd.it/qa402x0hu4191.gif)
+
+I recommend you start this DD by playing this song. It makes me bullish, maybe it'll make you too, [Youtube - Waiting All Night by Sikdope](https://youtu.be/nWAFe8oTVgQ)
+
+[Four 240mg energy drinks and a lot of water this time!](https://preview.redd.it/4d8uatkru4191.png?width=990&format=png&auto=webp&s=ec67b6359afd0d6eacd95936a180df847f23ba6e)
+
+If you haven't read my [The Shrinking Exit](https://www.reddit.com/r/Superstonk/comments/urmh05/the_shrinking_exit_gme_at_a_major_turning_point/) DD, please do, this topic will make more sense. However, I will recap some of it here.
+
+Public short interest is close to being overshadowed by GME DRS ownership. This will be a **major turning point**, as those who publicly shorting GME will be **outnumbered** by those who hodl through DRS.
+
+DRS is **shrinking** the **free float** (publicly tradable shares), shrinking the metaphorical door the hidden shorts must exit through. More apes with diamond hands are choosing to DRS which is slamming the door shut.
+
+[Raise your pirate flags, because I'm not leaving. Are you?](https://i.redd.it/56ku8c90v4191.gif)
+
+Currently, GME's short interest has been hidden through manipulation (ie. swaps). We don't know exactly how many there are, but we can calculate how much room they will have to exit.
+
+To understand what exit they have to close with, let's break down how the free float is calculated, why it's ridiculously tiny, and how ill-liquid the stock has become.
+
+Before we go anywhere, here is a lingo explanation graphic for new apes!
+
+https://preview.redd.it/4shfsyl3v4191.png?width=967&format=png&auto=webp&s=80b55a90e1d1cc7c89e98e9a33ca466f1a403414
+
+​
+
+https://preview.redd.it/hpno74f4v4191.png?width=1000&format=png&auto=webp&s=143770b268908c2abb624ad0255e5349b6e9b5fa
+
+Now that you're caught up. Let me explain the current Free Float by comparing GME with Apple.
+
+[GameStop vs Apple free float comparison.](https://preview.redd.it/uy8ns7b5v4191.png?width=1404&format=png&auto=webp&s=69a7cd4541b860171c4dfc6dc12fa2c32b13f3d5)
+
+# What does this mean?
+
+GME's is ridiculously free float is ridiculously small, as DRS continues to grow, in-turn the free float will continue to shrink. The shorts MUST close and this is their only exit.
+
+# GME's Current Free Float/Full Float
+
+* **76,339,024 outstanding shares** aka all shares in existence
+* 76,339,024 - 13,232,080 insider shares =  **63,106,944 non-restricted shares**
+* 63,106,944 - 12,887,912 DIAMOND HANDED DRS shares =  **50,219,032 shares in the "Full Float"**
+* 50,219,032 - 28,413,271 shares from institutions, mutual funds, ETFs, etc =  **21,805,761 shares in the "Free Float"**
+   * It's important to know that these institutions can and will paper-hand their shares early. However, the estimated 'Free Float' numbers here are probably the same numbers the shorts will be using.
+
+On paper, only 28.56% **of GME shares are publicly available to buy**. THIS THE THE MAX THE EXIT CAN BE!
+
+As in **71.43%** of the company is being held PUBLICLY! ON PAPER
+
+Everything else has been carved out.
+
+# Fun Fact: GME's insider ownership is 288x of Apple's
+
+* Hat's off to Ryan Cohen and the team for **owning and believing in their own company,** more than Apple's CEO, board, and executives believe in theirs.
+
+# GME's free float is MINUSCULE when compared to Apple.
+
+* Shares of Apple that are publicly tradable are **16 BILLION SHARES** or **99.94%** of all shares.
+* Shares of GameStop calculated to be publicly tradable is **21 MILLION SHARES** or **16.84%** of all shares.
+
+This **doesn't** even include apes who are holding in **brokers** and **IRAs**! As each individual decides to DRS, they further shrink the public numbers of available shares. So by including non-DRS the publicly available shares must be significantly less than the infographic above. Now compared to Apple, GameStop's float has much less liquidity. This is the tide pulling back before the tsunami.
+
+# The less liquid, the faster and higher GME flies.
+
+Now, what if I told you, the are scenarios where the free float can be **even smaller**?
+
+​
+
+https://preview.redd.it/viuwz6i9v4191.png?width=1000&format=png&auto=webp&s=54a68462552370e8288f0f5b1b9b0f5c67bdd588
+
+# These are possible scenarios that will DECIMATE the free float.
+
+[This breakdown of each section of the company estimates a possible exit free float size that the hidden \(through manipulation, swaps, etc\) short positions must close through. Breakdown is vertical, read top to bottom.](https://preview.redd.it/go8u6jkav4191.png?width=988&format=png&auto=webp&s=e1852b96f559c672ff31cc6e97168cfdd3652302)
+
+These two estimates show how the door is on the edge of closing shut.
+
+* Hypothetical Exit Size 1: **10.87% -** scenario if all public shorts close their positions.
+   * A catalyst could cause a domino effect, with public retail shorts and small short hedge funds closing their short positions, increasing the price, leading to more shorts closing. Once these public shorts have closed, there is only a **10.87% free float or 8.3 million shares** to close their positions with.
+   * TLDA: If all public shorts cover, hidden shorts have 8.3 million shares as their exit.
+* Hypothetical Exit Size 2: **0.26%** **-** scenario if all shares on loan are recalled.
+   * A share recall or all institutions recalling their shares would lead to all shares on loan to be returned. Short sellers have sold those shares, so now they must go out on the open market and buy them back. Once this occurs, the available shares to buy from the free float becomes **0.26% or 200,389 shares** to close their positions with.
+   * TLDA: If all shares on loan are recalled, hidden shorts have 200,389 shares as their exit.
+* Sources: [ComputerShared.net](https://ComputerShared.net), [Ortex.com](https://Ortex.com), [Fintel.io](https://Fintel.io)
+
+# THIS IS CRAZY.
+
+That means if these events were to occur, the company will publicly be OUT OF SHARES. Which means in order to shake shares out of retail, they must increase the price they are willing to buy at. If no one sells as the rocket begins to fly, then the flight will be **destined for the moon and beyond**.
+
+Once the rocket takes off, the shorts will be forced to buy our shares **AT ANY PRICE**.
+
+# THE EXIT IS SHRINKING.
+
+The GME story has brought us right here, right now. Where the exits are undeniably tiny, and the rocket is set to fly.
+
+Diamond hands have bought every dip and locked them away in DRS. Those DRS numbers publicly show undying support for GameStop, GMErica, and the NFT marketplace.
+
+GameStop's extremely resilient hodlers have shrunk the possible exit through the free float to LESS THAN A PERCENT.  AND it's even possible these scenarios could occur at the same time!
+
+# Victory is in view. So what now?
+
+​
+
+https://preview.redd.it/8ham361hv4191.png?width=1000&format=png&auto=webp&s=b26cc4ed67c86e41adfecc2ff6cddaad02de1161
+
+# Let's look to the VW to understand "how to short squeeze"
+
+Let's get this part started by watching this clip of the [Volkswagen Short Squeeze in 2008](https://youtu.be/S93tMWka9-4). *(2 Min)*
+
+It's **HYPE**. Worth every second.
+
+CNBC Reporter Linda Behringer says Porsche announced ownership in VW...
+
+* "They (Porsche) hold **42.6%** in Volkswagen currently (**shares**), and another **31.5% via options**. So indirectly Porsche owns nearly 75%"
+* "Effectively, there's only a **tiny free float** left of just **under 5.7%**"
+   * Compared to the **10.87%** and **0.26%** scenarios, GME is looking juicy.
+
+# She states that the VW squeeze must have occurred due to the massive share and options buying
+
+**Good thing we have massive share buying!**
+
+[Tick Tock Hedgies. DRS IS THE WAY!](https://i.redd.it/liuw3kjkv4191.gif)
+
+**With that in mind, watch this video!**
+
+# The 'Sneeze' explained by a Hedgie
+
+[**Charles Gradante @ CorpGovEvent Panel**](https://youtu.be/OChaTm0To1U) *(11 min)* If you remember this video, watch it again. It gets better every time. This is a hedge fund manager openly talking about the GME sneeze in Jan 2021.
+
+*Side Note: What Charles Gradante said about the buy button has been accounted for by Retail. Apes have switched brokers and diversified. Get countered hedgies. Back on topic...*
+
+Charles Gradante states three main points about the 'Sneeze'...
+
+1. How Market Makers (Citadel) take on short positions via **shorting calls**
+2. How (1.) can lead to **hedging**, causing the **stock's price to go up**
+3. How the buy button was turned **OFF** for everyone EXCEPT **short sellers**
+
+Understanding how these two videos connect is the ***key*** **to** **finally locking the float**.
+
+# Retail needs BOTH shares and options.
+
+I think it's as simple as that, VW needed **both** to squeeze, and **options lead to hedging** which **forces market makers to buy shares**.
+
+[\\"Brick by Brick\\" - Ryan 'Freakin' Cohen](https://preview.redd.it/ay6iovsnv4191.png?width=907&format=png&auto=webp&s=dc27bd1376daad3a693892de0c20c019c5c9ae13)
+
+These videos have been circulating since last year! It's been in front of us the whole time!
+
+I think the topic of **hedging** via market makers buying shares for their short positions against calls, is very important. It's important enough that if that last sentence sounded like gibberish, then I've got something for you.
+
+# So let's break Hedging down ~visually~
+
+*Also! Are you ready for another bullish song?* [*Youtube - Momentum by Don Diablo*](https://youtu.be/cZHzxF0YUeU)
+
+​
+
+https://preview.redd.it/tsd81bqqv4191.png?width=1000&format=png&auto=webp&s=299350e915bec2d4820ae7a6d53b066b340bc87a
+
+The options market is confusing on purpose, but let me try and break it down.
+
+[Market Makers will pair off or 'marry' two sides of an options trade. The long trader buys a call aka a bet the stock price will go up. The Short trader is short the call aka betting the stock price will go down.](https://i.redd.it/u1nmunsyv4191.gif)
+
+[With high call volume, there are no shorts to take the other side of the trade. Therefore, the market maker is forced to take the short position against it.](https://i.redd.it/42vraky5w4191.gif)
+
+[When a market maker takes on a short position, like shorting a call, they must decide to hedge or not. Hedging a short requires buying the underlying stock. If they chose to do nothing, then if the call is exercised they still must go buy those shares to fulfill those shares.](https://i.redd.it/qvfwyl7aw4191.gif)
+
+[Hedging by buying the underlying stock increases the price of the stock. Hedging = Price go Up.](https://i.redd.it/j8rz4k0hw4191.gif)
+
+When call options **overwhelm** the Shorts, hedging leads to a **self-feeding loop** that results in the price movement seen in January 2021.
+
+1. Excessive Call options are bought by retail
+2. Market Makers start to hedge calls that they think might be exercised
+3. Hedging means buying the stock, which increases the price.
+4. More calls go in the money and must be hedged.
+5. Hedging leads to MMs buying more of the stock AT ANY PRICE, bleeding their available capital.
+6. Repeat Steps 2-5 for EXPLOSIVE EFFECT.
+
+# So hedging is powerful, but I thought "options are FUD"?
+
+​
+
+https://preview.redd.it/0td9p8skw4191.png?width=1000&format=png&auto=webp&s=f5a07eeb94f5ad98529e194d7fbc3ffdd27deee4
+
+# When I start this part, I want to clarify, DO NOT GO BUY OPTIONS. I AM PROMOTING DISCUSSION IF THEY ARE IN RETAIL'S BEST INTEREST. THIS SHOULD BE DISCUSSED !!
+
+**Edit: A commenter suggested that Superstonk DOESN'T NEED TO BUY ANY OPTIONS. THE GAMBLING SUB WILL BUY IT FOR US, RIDING THE DRS WAVE.**
+
+**Hedging screwed the Market Makers** enough last January that they turned off the buy button to stop its exponential growth. That hedging cycle of growth was generated by **excessive call options**.
+
+This is where I have concluded that **"Options are FUD" is FUD**.
+
+* Options are simply a way to **buy shares** at a later date.
+   * **With GME, they are just future discounted shares.**
+* An option can be bought for cheaper than shares.
+   * The leverage is like a damage multiplier, forcing hedging of more shares than could be purchased.
+   * Note: BUY, HODL, VOTE, DRS is the way. I'm not saying buy options instead of getting shares, which you should buy right now and through IEX.
+* By buying options **EXPLICITLY TO EXERCISE,** can force 100s of shares to be bought by shorts, whenever you want.
+
+The reasons why Options got a bad name
+
+* Retail using them as lottery tickets
+   * Lottery tickets like a week until they expire at ridiculous strike prices
+   * Lottery tickets are rarely exercised.
+   * This is how Hedge Fund have been bleeding retail's money.
+* Retail not exercising their contracts and selling them
+   * This drops the important hedge that was described earlier.
+   * MM will drop those shares on the market, lowering the leverage against them.
+
+# Options should be regarded as another tool in retail's belt.
+
+[Buy Hodl DRS, exercise calls, voting 'For', and upvoting are Retail's items and abilities.](https://preview.redd.it/nx57zahmw4191.png?width=1280&format=png&auto=webp&s=24b4beae7a4637b42fc0695cc7848f9559bfe468)
+
+​
+
+https://preview.redd.it/45t1w6aqw4191.png?width=1000&format=png&auto=webp&s=4e68a30388afcd3679829dd5b9812b91fe83e7c4
+
+# GME is steps away from all systems go!
+
+* Each day more shares are DRS'ed and pulled from the corrupt system.
+* This shrinks the free float even further, closing the door shorts have to close with.
+* At any moment Catalysts can occur like
+   * NFT Marketplace launch
+   * 'For' vote passing, resulting in an immediate Stock Split,
+      * Could result in a Share Recall
+   * Increased Insider buying, like Ryan Cohen increasing his stake
+   * Public shorts start covering
+* Catalysts can result in
+   * Overwhelming **share buying** routed through IEX, can overpower daily short volume.
+   * Overwhelming **call options** can lead to Market Maker hedging, an endless loop of buying the stock.
+
+# Overwhelming the system, can trigger MOASS.
+
+# BUY, HODL, DRS, VOTE.
+
+That's all I got for today. Thanks for reading!
+
+​
+
+https://preview.redd.it/ql5u2h77x4191.jpg?width=1432&format=pjpg&auto=webp&s=9d5db121cdb5af2c82d32a6ff7543cc92f4c689c
+
+* u/MommaP123 the fairy godmother of DRS. Bringing DRS to apes attention [11 months ago.](https://www.reddit.com/r/Superstonk/comments/o5f8zy/preliminary_information_for_direct_registering/)
+* [u/parsnip](https://www.reddit.com/u/parsnip/)  who makes the daily Diamantenhände German Market posts! Whenever I pull  an all-nighter, I see their post, I check in, and it keeps me HYPED!
+
+I hear I can only tag up to three users for them to get notified. So I'm just sticking with two this time! <3 Much love to everyone in the community.
+
+\-Rockets2TheMoon.
+
+*ps. I plan on creating daily posts to track this data, be on the lookout when I start releasing them!*
+
+pss. *spam the comments with rockets please!*
+
+​
+
+Edit: Spelling mistake; Incorrect amount of GME traded publically isn't 16%, it's 28.56%.
+Before you read the statistics, completely judge me, and move on. I encourage you to read or check out the daily reports. I know I should be practicing/trying new stuff on paper but that is not the case for me. I do a lot of one share trades to test new features or strategies. A lot of my key statistics are quite skewed in that regard.
+
+# Key Statistics
+
+**Accuracy:** 61.86%
+
+**Long Accuracy:** 62.79%
+
+**Short Accuracy:** 54.55%
+
+**Net Profit:** $580.79
+
+**Cash Account Balance:** ($9,786.44) - Margin debit
+
+**Net Worth:** $51,108.95 (Down $2,469.97 from last week - primary cause long positions)
+
+**Positions:**
+
+1000 SPCE @ 23.08
+
+200 GIK @ 9.13
+
+2313 ACTC @ 17.09
+
+# Journal Entry
+
+Well, I am starting to get really excited. This was a large improvement from last week, and last week was a large improvement from the week prior. I really think my strategy is proving to be profitable and the only issue remaining is the trader themselves...yep...me.
+
+Again, here is [Zalesky's 25-point day-trading margin](http://www.r-5.org/files/books/trading/schoolbooks/Douglas_E_Zalesky-The_25-point_Mantra-EN.pdf) which I reference quite frequently.
+
+I certainly followed rules 1 and 2 this week and stayed disciplined. The market has rewarded me for doing so. A problem I struggled with one day this week was rule #4 (Never turn a winner into a loser).
+
+Rule #5 (Your biggest loser can't exceed your biggest winner). I learned this lesson really hard on Week 1 and since then I have tried my best to make sure I never break this rule. If you read the paragraph next to the rule it makes a lot of sense why this is such an important rule:
+
+" If you do allow a loss to exceed your biggest gain then, effectively, what you have when you net out the biggest winner and biggest loss is a net loss on the two trades. Not good."
+
+Not good indeed.
+
+Rule number 9 (earn the right to trade bigger) is a rule I have been kind of following but kind of breaking. I say that because I have been trading with really small share sizes due to my first week absolutely crushing me. Week 2 I traded with 1 share and Week 3 I started trading with 10 shares.
+
+There simply isn't enough leverage being used to have a decent P/L with these trades. Especially when I switch between cheap and expensive stocks. One bad trade on an expensive stock counters like 8-10 trades that were successful on a cheaper stock.
+
+The point is, while I have been earning the right to trade bigger, I think I already earned the right but I have been too scared to actually move forward with it. This week I certainly took it up a notch and I was rewarded for doing so. I understand that the increased leverage could also mean increased losses. But I think I have been proving that my wins outweigh my losses significantly.
+
+I think the two rules that drive my strategy are 18 (Make a little bit everyday. Dig your ditches. Don't fill them in) and 19 (Hit singles. Not homeruns).
+
+My strategy is akin to a swing/scalper. I'm not really sure how to identify the type of trader I'm becoming but I take profits fast like a scalper, but I don't momentum trade. I pick entries like a swing trader, but take profits almost immediately. Typically, I'm in and out on the same candle and if I'm not I really make it past 3 candles (on the 1 minute).
+
+The final rule #25 (It's the market itself that wields the ultimate scale of justice) couldn't have been written better myself. I certainly have seen that, I mean the market we are in right now is effectively sideways with some volatility and no matter how I trade I am subject to the markets will.
+
+That too has been giving me confidence. I feel like I'm becoming a better trader every single day and I'm doing it in a market that's no longer hot. It makes me really confident that in the next bull/bear market I could do quite well when there is clear direction. If I could trade in this market, I feel like I could successfully trade in any market.
+
+All-in-all I am very excited for this week and I hope that I could keep showing WoW improvement. Although, even with me doing trial trades this week I ended up with a decent P/L.
+
+The three most important statistic for me is win rate, profit factor, and Avg. Win:Loss. Although, win rate gets really skewed because even above 50% without proper risk management you could still lose. So long as I could keep my win rate above 50%, my profit factor above 1, and my avg win:loss above 1, I have a successful strategy. Thus, why this week was so good with a 61.86% accuracy, a profit factor of 6.38, and an avg win:loss of 3.94. That's including all of my trial trades too which make up a large portion of my losing trades. I'm not saying I don't lose trades, I certainly do. But this was a great week.
+
+I also do not anticipate to have these types of statistics consistently, but man, wouldn't it be great if I did.
+
+**NOTE:** These statistics do not include mid term swing trades. They are only for my day trades.
+
+Big thing to notice here is biggest winner and biggest loser. Not only did I make sure to not let my biggest loser exceed my biggest winner, I did my best to make sure the gap was massive. It was indeed.
+
+[ Total Net Profit \(Use these columns as reference for the other images\) ](https://preview.redd.it/z2c17a1hnww61.png?width=642&format=png&auto=webp&s=12d5e7a841d7751b94f2984168263913c84f9d6f)
+
+[All Long Short](https://preview.redd.it/xd36kgbjnww61.png?width=641&format=png&auto=webp&s=d07ef89bb2c7fba69804df02e39c65e2397627e5)
+
+[All Long Short](https://preview.redd.it/q0mrwcxlnww61.png?width=641&format=png&auto=webp&s=9ae44854dd1a9933e06b77b0a7479e306486d1c0)
+
+[Summary](https://preview.redd.it/rb3p81fonww61.png?width=643&format=png&auto=webp&s=7af0de9894d52abf7e51ae7c10ab088045eb3a75)
+
+[Equity Line Curve](https://preview.redd.it/oe9u6e5rnww61.png?width=1546&format=png&auto=webp&s=192b41b647644b11903043fc29da7c3987a74b68)
+
+# Week 2 Summary
+
+*Note:* I am not promoting my community with these links. These daily updates are a completely different sub that exists only for the purpose of my daily trading journal.
+
+[Monday](https://www.reddit.com/r/hoomansjourney/comments/mzvv04/w3d1_04262021/) was a great start to the week. Definitely one of those days where I wish I was trading with more than 10 shares.
+
+[Tuesday](https://www.reddit.com/r/hoomansjourney/comments/n0no0u/w3d2_04272021/) was another amazing day. This was an interesting day. I was using significantly more leverage than I normally do and the reason was I was trying to find a good entry on SPCE. But I kept exiting to find a better one and basically just day traded it all day and had an amazing day. I had around $170k buying power this day and man definitely wish I used more leverage. I had \~4.2% returns this day.
+
+[Wednesday](https://www.reddit.com/r/hoomansjourney/comments/n1dzhi/w3d3_04282021/)...what a miserable day. I basically just watched my SPCE position go up and down around 10 times without taking any action. Had I actually traded, it would have been another great day. After going the entire day without even really trading I decided to place a few trades in the afternoon, but I was so mad at myself for missing out on so many profits that I was in my head and literally lost every trade I tried to place. Ended up with like a 20% accuracy and only placed 5 trades.
+
+[Thursday](https://www.reddit.com/r/hoomansjourney/comments/n205eg/w3d4_04292021/) was even more painful. I told myself and everyone else that if the NASDAQ broke ATH I was going to liquidate all of my positions and wait for re-entry. The NASDAQ broke ATH and I...did nothing. Had I sold everything like I said I was going to do I would have made around $1700 this day and would just be trading waiting for re-entries on all of my positions. Instead I diamond handed it like the ape I am and now I'm holding a bunch of red positions AND somehow took a negative P/L on 71% accuracy. This was definitely a learning day for me, but man it was painful. What I really learned today was to trust myself a little bit more. It's sad that it's a lesson I have paid for before and I had to pay for again.
+
+[Friday](https://www.reddit.com/r/hoomansjourney/comments/n3jvu1/w3d5_04302021/) was kind of neutral. I mean it was another green day, so that makes 4/5 positive days this week. If you go look at these trades...good luck. TradingView ended up having yet another glitch that made me lose money and enough is enough. I will continue using TradingView for my charting software, but I started using TradeStation directly on Friday and boy oh boy there was a lot to learn. So today was an educational day of trading to help me learn my platform better. I think all next week is going to be similar to this day since I will be learning and walking my way around TradeStation.
+
+Overall, it was a great week of trading. Better than last week which was even better than the week before. I hope that this continued growth goes into next week and I am able to do even better. But we will see what the market is willing to give us!
+
+# Trades
+
+[Trades 1-16](https://preview.redd.it/5y0u8xkvnww61.png?width=1444&format=png&auto=webp&s=8ef49f9d56dad11ed2204ea8575fcd53b326afaf)
+
+[Trades 17-31](https://preview.redd.it/jj5bozeynww61.png?width=1453&format=png&auto=webp&s=a086a2f243198e53b0deb72ec4c129288be87d3a)
+
+[Trades 32-47](https://preview.redd.it/ttd1f6f1oww61.png?width=1450&format=png&auto=webp&s=622bfe75fb21f88d453d2e5546cf828845abb884)
+
+[Trades 48-63](https://preview.redd.it/k3j0day4oww61.png?width=1447&format=png&auto=webp&s=ff81275f8019c6d7f1009dedbed4685af6b81018)
+
+[Trades 64-79](https://preview.redd.it/u0aa6c28oww61.png?width=1463&format=png&auto=webp&s=e0a624af8da42445dc7e802645f15cd33bde75ed)
+
+[Trades 80-97](https://preview.redd.it/g2yufmedoww61.png?width=1453&format=png&auto=webp&s=c8ad05a04782b44f2fa21a8dc604b12b18e584c1)
+
+**TL;DR:** I don't really know how to put a TLDR because the data is important. Essentially, this week was really good. It was better than last week and last week was better than the week prior. So far, I am seeing WoW improvement and becoming more and more pleased with my strategy. I am very excited for next week now that I feel it's ok for me to use a bit more leverage. So I think I'm going to start with 100 shares and if I'm feeling good I might go straight to 500. I talk in terms of shares but typically the stocks I'm trading are $10-20, so really I am looking at using a max of around $10k this coming week.
+
+*Disclaimer: I am not a financial advisor. I'm not even a smart investor. I'm a risky trader. Be very weary about mirror trading or assuming I am some sort of expert. I know what I know, and I am honest about what I don't know. You will get honesty and transparency from me and I feel you will learn from my successes or failures. I am hoping to learn something from all of you as well.*
+Yahoo News: https://finance.yahoo.com/news/robinhood-faces-a-looming-regulatory-risk-as-it-gears-up-for-its-ipo-161007770.html
+
+The retail trading platform Robinhood is reportedly planning to start trading on the Nasdaq next week, making a public debut that comes with an unusually heavy dose of legal and regulatory disclosures. 
+
+Robinhood, which expects a market value of $33 billion, faces "numerous litigation matters," according to a recent securities filing. Those lawsuits, likely to be consolidated if permitted to move forward, include roughly 50 proposed class actions tied to its decision to restrict trading in GameStop (GME) and other so-called meme stocks in early 2021, according to the filing, which Robinhood submitted to the Securities and Exchange Commission (SEC) on Monday. 
+
+The platform — whose stated goal is to "democratize finance for all" by offering commission-free trading — said it faces 15 proposed class actions over outages in March 2020. It also said it faces a half-dozen proposed class actions over a controversial practice called payment for order flow, which enables brokerages to make money despite not charging commissions.
+
+But the regulatory risk that Robinhood faces could outweigh even this mountain of pending lawsuits against the platform, one expert said. Indeed, the company's new registration filing mentioned the word “regulation” 215 times. And many of those lawsuits might be dismissed, according to University of Michigan Law School professor Adam Pritchard. 
+
+“There are a bunch of lawsuits out there,” Pritchard said. “For a lot of them, there's not much to them.”
+
+Robinhood's filing pointed to proposed class actions filed on behalf of what could amount to millions of consumers, and another lawsuit filed by Massachusetts' attorney general. Both target Robinhood’s “payment for order flow” fee arrangement, claiming the company failed to inform customers that its commission free trades are supported by payments to broker-dealers.
+
+Ultimately, the suits claim the fees disadvantaged Robinhood consumers by pushing their trading costs higher. So far, the practice has resulted in Robinhood reaching a $65 million settlement with the SEC. Separately the company was fined $57 million by the Financial Industry Regulatory Authority (FINRA) for allegedly violating brokerage industry rules. (Robinhood "accepted" the settlement with FINRA but did not admit or deny the allegations.)
+
+The risk from regulators like these could be a greater threat than the many pending lawsuits, according to University of Notre Dame associate law school professor Patrick Corrigan. 
+
+“First is Robinhood’s history of regulatory enforcement actions,” Corrigan said. “They've had settlements with the SEC, with FINRA — and they're facing actions from several state governments.”
+
+“Second, Robinood's business model and practices push the boundaries of what broker dealers are currently doing with customers,” he said. That, he explained, separates the company from traditional financial services companies and underlies why regulators continue to probe the company’s tactics.
+
+**'An alarming risk' for investors**
+
+The company came under intense scrutiny in February when lawmakers on the House Financial Services committee publicly questioned Robinhood CEO Vladimir Tenev about the company’s payment for order flow revenue model — its largest source of revenue — and its advertising practices.
+
+Pritchard, the University of Michigan law professor, said that while the collection of uncertainties is not ideal for a company that’s going public, Robinhood’s filing shows financial backers appear undeterred, despite the negative media coverage .
+
+“If you were contemplating an IPO...you [normally] wouldn’t choose the point where you had just been hammered by the media and Congress in the last six months,” Pritchard said.
+
+“It's not customary for a company that's just doing its IPO to have this much on its docket, that it needs to disclose, but you can be certain that the underwriters have talked to prospective investors, and don't think that it's insurmountable,” he added.
+
+Still, David Trainer, CEO of the investment firm New Constructs, said Robinhood’s “mounting regulatory risk" should be a red flag for investors and that the stock should be worth no more than $9 billion.
+
+"Robinhood will likely not be able to continue the robust growth it saw in 2020 due to looming regulatory risk, increasing competition, and an undifferentiated service," he wrote. "If regulators were ever to outlaw payment for order flow, Robinhood’s revenue would be severely affected, creating an alarming risk for investors."
+
+We reached out to Robinhood for comment the regulatory risks it faces and will update this post with any comment we receive.
+I am thinking about relocating to NYC for a year or two, few years into my FIRE.
+
+My details are
+
+1. 50s year old couple, empty nester( off to college and 529 has been set up)
+2. Eat out at nice (cheap and M \*\*\*) places
+3. a lot of cultural activities ( Wagner Ring Cycle, Broadway, Met)
+4. Jump off location to EU for travel
+5. I assume no cars...
+
+NW allocated during this time will be in $7M range. Assume I can withraw mostly tax free and healthcare insurance is provided free. After the journey, I would like to take my $7M (inflation adj) and move  to EU.
+
+Above NW will be FATFire in most place, but what would it get me in NYC?
+
+For housing, I would prefer to rent, but purchase is not totally off the table. with the mix of $7M in Net Asset  what would be doable???? (you can assume #4 is also taken care of with miles for airfare and hotels, and don't have to be budged separately)
+
+What other ticks/hack/tips would you recommend for this 2 year stay in NYC?
+
+\[EDIT: Title should say $7 M, not 7 dollars..... \] 
+There have been a number of posts recently saying that Computershare could continue to register shares over and above the available float. After some digging into CS's own [corporate documents](https://www.computershare.com/us/Documents/TA_Overview_WhitePaper.pdf), I found some interesting paragraphs that should put this to rest:  
+  
+"A transfer agents also acts as a registrar, to help ensure that
+the corporation does not issue more shares of stock than have
+been authorized." - Page 5. 
+  
+It's literally their job to be accurate, and in fact, they are required by SEC regulations to do this job! Of particular note is this:  
+  
+"Securities industry participants, such as transfer agents, must
+also comply with regulations designed to prevent fraud in
+connection with missing, lost, counterfeit and stolen securities, in
+addition to other data security requirements."  
+  
+Seems a lot like Computershare has the records and legal backing to fuck SHFs up once the rest of the float has been DRS'd!
+Technically martingale is a working strategy for someone with unlimited balance. Thus the low lot size. RSI would help by going long in oversold zone so the martingale won’t last for ages before it start being profitable. 
+
+What do u guys think
+Technically martingale is a working strategy for someone with unlimited balance. Thus the low lot size. RSI would help by going long in oversold zone so the martingale won’t last for ages before it start being profitable. 
+
+What do u guys think
+As the title says imagine you had 10000$ for emergency in a savings account. What reason will you give yourself to not get tempted by the discounted price of the market and stay put and invest only what you have extra or would you rather take a leap of faith and invest it.
+if you think about it, i could throw 35k down on a duplex and let the 2 tennants pay it off double fast, while still paying my own rent here in my apartment, as if i had just thrown 35k into my rothIRA or 401k or some other investment, wave goodbye to it knowing that its gonna build upon itself. just like any other long term investment. sure it might be another few years before i have another 35k for another property, but im pretty comfortable here in my apartment, and having a fully paid off duplex as a first property sounds very appealing to me. penny for your thoughts! thanks!!!           edit - my rent is only 525, while half a duplex usually rents for apx 750 where im looking, so i think id be saving myself money this way too.
+First off: mine is too. I’ve lost (on paper) most of my gains YTD and I’m not happy about that. However, I also feel I am well situated: almost all my positions have at least 30 to 60 DTE and are still able to be rolled without incurring loss (time will tell if that holds up, I generally would not roll until about 21 DTE). 
+
+I posted a while ago about my experience getting absolutely hammered during the initial COVID downturn, and having to liquidate many positions at loss in order to cover margin calls. That taught me a valuable lesson in risk management, portfolio sizing, and margin utilization. Since that time I adjusted my trading so that I was not over-extended and could handle at least a modest downturn without getting margin calls. I also added some cash to a separate bank account to allow a cushion for a more disastrous downturn. Thus, I am sitting on paper losses right now, but not being forced to liquidate and realize losses because of risk management. I have time in my positions for them to turnaround. And many short positions are not even ITM, so they don’t even need to turnaround, simply to stay put or go up as time passes.
+
+So, if you are getting wrecked and having margin calls and being forced to realize loss….this is your opportunity to learn the lesson (with an admittedly very small market downturn….things could definitely get so much worse). Learn it and internalize it and appreciate the benefits of portfolio risk management. 
+
+ Wishing you the best in your trading adventures!
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE)
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH)
+REMEMBER TO: Route all of your buys through IEX if not buying directly from Computershare.  The hedges are going to do their damnedest to wreck the price over these next days.  Don't be scared if they crime the price down to $10.  Just buy the shit out of all of it, and route through IEX, and then promptly DRS it.  
+
+These are the end times now, so make these battles count! Love you Apes.
+What else needs to be said? ETH is attracting massive developer interest from diverse industries, big money projects, big brands. There are now 30,000+ developers in the ecosystem, working on amazing things.
+
+Meanwhile, the Bitcoin network *doesn't even work properly.* Bitcoin has no new useful features, no new corporate support, no news of any significance.
+
+I was a big Bitcoin supporter. Look at my username. But let's face it, *Bitcoin is like MySpace.* It's over guys. Mike Hearn was right.
+
+Ethereum is a new era in the cryptocurrency world. Concepts like "Bitcoin dominance", "altcoins", don't make sense anymore. Everything is being re-ordered with ETH at the top.
+
+And now we wait... for the market to catch up with the facts...
+So I'm pretty concerned about the current state of crypto.. Cardano, EOS, IOTA, Verge, XBY are all super highly valued with little product behind them. The overall crypto market cap is increasing by like 100B a week. The dot com bubble popped at 3 trillion so if crypto pops at a similar time, it could be happening even as soon as Q2 2018. 
+
+I'm really hoping that everything cools down and we can see a steady growth rate over 2018. But if everything keeps going up 20% a week, I don't see how this is sustainable for the year.
+
+I'm not trying to FUD or get anyone to sell, just looking for some other people's opinion on the state of the market.
+
+EDIT: Here's some basic math to show how these returns are not sustainable. at a 5%, 10% and 20% weekly return for the next 52 weeks. With the total crypto market cap calculated in 52 weeks time given a total market return of 5%,10% or 20%.
+
+For every $1,000 invested, your return would be...
+
+5%: $1,000 * (1.05^52) = $12,642 = 1,164% RoI = 9.8 Trillion Total Market Cap
+
+10%:  $1,000 * (1.10^52) = $142,042 = 14,104% RoI = 1,071 Trillion Total Market Cap
+
+20%: $1,000 * (1.20^52) = $13,104,630 = 13,310,363% RoI = 99,587 Trillion Total Market Cap
+
+I don't think that the entire market will experience these returns, but I've been experiencing an average weekly compounded return of about 19.5% on a diversified portfolio of alt coins over the last 8 weeks, and it is definitely a bit concerning.
+I've been trying to search online but with spotty results. I'm an hourly employee for a large company in Massachusetts, I'm required to fly to California Sunday and it's looking like a 10-11hr travel time with one layover. How should my employer pay me? Flat rate 8hrs like a work day? All 11hrs? None? 
+
+Thanks for any info
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+***
+
+Thread guidelines:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them.
+
+***
+
+ Resources and other information:
+
+* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all).
+
+* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education).
+
+* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto).  Account permissions are required to post comments through Reddit-Stream.com.
+
+***
+
+Enjoy!
+
+I was thinking about putting it in a money market account but I’m not sure if I can open one in they’re name or gift an account or something like that. So far they’ve paid me $2,800. Thanks in advance! This is really important to me
+Edit: oooooh my goodness. Thanks for all the love reddit!
+
+What most voters don't realize about high tax rates is that the rich (and wealthy) don't pay them. I don't. When a rate gets high enough, they simply arrange their financial affairs as circumstances demand, or they simply leave. Therefore, high tax rates are SYMBOLIC, not real, for both individuals and businesses. They're designed to win votes and affect progressive imagery. The Infrastructure Bill's crypto legislation, whereby they dismiss the risks you've taken, co-opt your gains, and steal from your children's future to fund programs that have nothing to do with rebuilding America let alone infrastructure, will have the opposite intended effect. It will energize crypto and greatly impair their ability to levy taxes. It will create an unstoppable nightmare, that you should be happy to lever against them in a vicious cycle. 
+
+For a quick signpost to visualizing this, I'd like to proffer an example via the Second Amendment. I'm not a Democrat or Republican by the way, and despise both parties. I believe if you vote for the best of two evils, things only get more evil. Anyway, consider the decades of gun control and assault weapons bans in Illinois, a state which until *Moore v Madigan* (a Supreme Court case) was last in the United States to legalize concealed carry. The gun control was all imagery. Symbolism. The state's cities now have a new problem: cheap untraceable ghost guns. These fall into two categories: 3D printed guns, and 3/4th lower receivers. If you don't know how amazing 3D printed guns have gotten over the years, and where they're heading, watch this tip of the iceberg:
+
+https://youtu.be/C4dBuPJ9p7A
+
+3/4th lower receivers come with all the tooling needed to complete them.
+
+Since 3D guns are open source CAD files that are distributed for free on the internet, and because many intricate 3D gun designers consider themselves artists, it's now become a 1st Amendment issue. My point is when you restrict freedom, it goes underground and strengthens from the threats above, sheds its unprotected vectors, emerging often as something far more impairment resistant. Those ghost guns are never leaving Chicago, and will proliferate everywhere eventually. It's a fantastic little business. Meanwhile, gun control advocates have another front (another Amendment) to fight, and have been backed into a corner where they have to actually propose ideas of value, and solutions, no symbolism. In the United States at large, if you'd like to know how disruptive 3D guns are, consider the strange bedfellows they've made of gun manufacturers (who view it as a financial threat) and Democrats....
+
+It'll be far worse legislating crypto with tactics borrowed from the failed drug war. The Infrastructure Bill law, assuming there's no amendment to it in the next year, goes into effect January 2023. Here's what you can expect shortly before its implementation:
+
+ - Hardware wallets will be on multi-month backorder
+
+ - A certain privacy coin with atomic swap capability will rally as its service is levered
+
+ - Crypto friendly countries will advertise their pitches and roll out red carpets; airlines routes will expand
+
+ - A match will get taken to DeFi setting off a liquidity explosion as crypto seeks safety. It will reach critical mass and become a major threat to bank margins. More than 10% of the entire supply of BTC could get wrapped (this is temporary), it's already at 2% and atomic swap solutions are being tooled to avoid wrapping making things easier. But most importantly there will come an outbreak of synthetic assets (synths), which will be more disruptive than even I can contemplate, causing US stock markets, and all kinds of markets all kinds of problems
+
+ - Then emerges decentralized insurance on a commercial scale (I'm already insured through NexusMutual) which will erode the advantages of CEX's further 
+
+ - And finally the overlooked problem for governments which benefits the little guy and individuals most: LocalBitcoins.com, as it has another moment. For anyone that doesn't know, this is how you sell crypto for cash (and vice-versa) with locals around you. Tax-free, record-free, like we did in the old days. I've been using it for many years. There are plenty of solutions like this that will rise to meet demand while the USD still maintains its peg.
+
+I won't get into how the Lightning Network can aid and abet, but know the aim of this post: you're a fool if you pay crypto taxes, and for newbs, after your brief honeymoon with CEX's like Coinbase, Binance, or RobinHood to learn the basics, you should have a hard wallet and feel your way around DeFi. 
+
+Privacy solutions continue getting better, the friction of crypto wallets and DeFi continues falling, crypto education is proliferating, and decentralized insurance (a billionaire making opportunity) will emerge. The ability for governments to levy taxes will become impaired. This means more global money printing, and the militarization of tax collection agencies. It's a vicious loop though, and how soon governments will lose their ability to afford any enforcement. Eventually only real solutions, ideas of value, and transparent accounting will incentivize taxpayers enough to open a payment channel. The prestige of politicians fades.
+
+♾/21M
+
+— *Mallardshead* 🦆
+Here's a video DeFI Summit posted Sept 27th 2019 where Matt Finestone describes his roll at Loopring as Business and Operations, says he comes from a Finance background and he used to be a Bond Trader and Fixed Income Trader at an Investment Bank, says he has a Market Structure Background and he's not a developer. They could have hired a Business Ops guy from anywhere but they got him from Loopring because of his intimate knowledge of their product and it's ability to create an Alternative Financial System. 
+
+  
+He talks about his background starting at 1:52  
+
+[https://www.youtube.com/watch?v=FEf6GC5p8hU&t=4s](https://www.youtube.com/watch?v=FEf6GC5p8hU&t=4s)
+Is there something someone knows that I don’t. every other post on here hinting at some impending crash and it’s all doom and gloom. There’s no crash unless another 2008 like crash or 9/11 or something worse than COVID happens you guys need to relax seriously. You guys see a small dip and start to panic . It’s you guys on panic mode  that could stir a negative reaction.
+Hi Everyone,
+
+Before you even bother reading the rest, click here to view yesterdays certificate from [onetreeplanted.org](https://onetreeplanted.org) (800 trees planted) - and we are just getting started.
+
+\- [https://twitter.com/SAFETREE3/status/1376337914997526530/photo/1](https://twitter.com/SAFETREE3/status/1376337914997526530/photo/1)
+
+**SAFETREE** \- The Worlds First Fully Interactive **CLIMATE & ENVIRONMENTAL** Coin - Committed Too Bringing Back **Forests/Wildlife/Habitats**
+
+​
+
+This is a nice, short sweet and hopefully encouraging reason to invest in the absolute greatest **COIN** of our generation, and no I'm not saying that lightly, this coin has the potential to be up there with the greats, I'm talking a 1000x
+
+​
+
+**Website:** [www.safetreecoin.com](https://www.safetreecoin.com)
+
+​
+
+The whitepaper is simple - the more people who invest into **SAFETREE**, the more **SAFETREE** can use its allocated tokens to **PLANT TREES** and **REVERSE** Deforestation & Cryptocurrency Blockchain Energy Use.
+
+We all know how much energy is used in the crypto space, and its not stopping, we cant stop it, but we can do our part and **JOIN SAFETREE'S** Cause!
+
+So, What makes this easily **THE BEST** investment of 2021? ill start here:
+
+​
+
+***(REFORESTATION PROGRESS) -*** [***https://www.safetreecoin.com/pages/tree-planting-worldwide***](https://www.safetreecoin.com/pages/tree-planting-worldwide)
+
+1. **1,000 TREES** Planted Over The Last **THREE** Days - **AUSTRALIA / USA / CANADA**
+
+\- **840** Trees Planted In Important Locations The FIRE Ravaged 2020 Australian Bushfires Had Destroyed
+
+\- **100** Trees Planted Within CANADA/QUEBEC Where They Are Needed Most (Aid Natural Habitats)
+
+\- **60** Trees Planted In Oregon USA Where They Are Needed Most
+
+\- **CERTIFIED** by [onetreeplanted.org](https://onetreeplanted.org) one of the greatest worldwide non-profit 501(c)3  Tree Planting Charities
+
+\- [Reforestnow.org.au](https://Reforestnow.org.au)
+
+​
+
+***(WALLET DISTRIBUTION) -*** [***https://www.safetreecoin.com/pages/token-usage-alerts***](https://www.safetreecoin.com/pages/token-usage-alerts)
+
+**FIVE** Separate **SAFETREE** Wallets, with specified and allocated **TOKENS** in Each for the following:
+
+Meaning **NO** RUG PULLS.
+
+Wallet 1 -   **\[Natural Disaster Reforestation / Relief Fund\]**
+
+Wallet 2 -  **\[Agricultural Reforestation Fund\]**
+
+Wallet 3 -  **\[General Tree Planting Allocation Fund\]**
+
+Wallet 4 -  **\[SAFETREE Marketing Fund\]**
+
+Wallet 5 -  **\[Exchanges & Listings Fund\]**
+
+This can be found and confirmed here [https://bscscan.com/token/0xEDA9675DC967052cc5a047E19179E4Df040CB171#balances](https://bscscan.com/token/0xEDA9675DC967052cc5a047E19179E4Df040CB171#balances)\\
+
+​
+
+***(Liquidity Locked)***
+
+\- 1st July 2021 (4 Months)
+
+​
+
+This project is already doing **GREAT** things for the world around them and its **TRULY** a world first in the crypto space.
+
+​
+
+This coin had an **AMAZING** Prerelease!, with extremely steady holders and also some major investors!
+
+​
+
+**How To Buy** \- [https://www.safetreecoin.com/pages/how-to-invest](https://www.safetreecoin.com/pages/how-to-invest)
+
+**Pancakeswap Link** \-  [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xEDA9675DC967052cc5a047E19179E4Df040CB171](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xEDA9675DC967052cc5a047E19179E4Df040CB171)
+
+**Roadmap** \- [https://www.safetreecoin.com/pages/project-roadmap](https://www.safetreecoin.com/pages/project-roadmap)
+
+**Whitepaper & Tokenomics** \- [https://www.safetreecoin.com/pages/project-whitepaper](https://www.safetreecoin.com/pages/project-whitepaper)
+
+​
+
+And the best part? all you have to actually do is just hold some tokens, and see where it goes, come back in a few months a year...the amount of traction this coin is getting in such a **SHORT** period of time is mind-blowing.
+
+​
+
+Mark my words, you will look back on this post in **6 MONTHS** or so, and wonder why the hell you didn't listen and get in whilst it was just beginning, it just makes sense, and who wouldn't want to fight to keep our forests and wildlife thriving.
+
+​
+
+[www.safetreecoin.com](https://www.safetreecoin.com)
+
+​
+
+**Telegram** \- [t.me/safetreeofficial](https://t.me/safetreeofficial)
+
+**Twitter** \- [https://twitter.com/SAFETREE3](https://twitter.com/SAFETREE3)
+
+**Reddit** \- r/SafeTree
+
+**/remindme6months**
+
+​
+
+**IMPORTANT:**
+
+(Remember to look at those who comments post history, the first comment calling this a scam was pumping 3 different p&d coins in comments hours ago that were the definition of **PUMP & DUMPS. (safestar,elongate,moonlander) -**
+
+(*They downvote/bot comment all projects that are not one of there pump and dump coins so they can reach the front page faster)*
+
+*(All comments from one coordinated discord group - just ignore them, you see what we do, the receipts the untouched wallet tokens, that's all you need to make a good decision.)*
+
+**username:**
+
+[vxrz\_](https://www.reddit.com/user/vxrz_/)
+
+[xkx\_sh](https://www.reddit.com/user/xkx_sh/)
+
+[z\_z1](https://www.reddit.com/user/z_z1/)
+
+[Orys\_\_\_](https://www.reddit.com/user/Orys___/)
+Apparently I selected something wrong when I did my income tax and the IRS sent me a letter stating I could claim earned income credit. I'm getting $1,155 more back! I'm so excited I could cry. I'm a single mom and don't get child support, this money is going to help a ton.
+“It’s easy for one person to tell a lie. It’s harder for 2 people to tell the same lie, and it’s almost impossible for 3 or more people to tell the same lie & get it right.” I think that’s the phenomenon we are seeing with all these brokers around the world. They can lie, but we can start to see the cracks in the facade when they try to coordinate their lies with each other.  So fun to watch!
+Hello everyone, i hope this is the right place to get some help.
+
+I just got a job offer from Ireland, Packaging/Manufacturing related role in Clonmel, 50k€/y.
+
+Right now, for a similar role, i earn roughly 28k€/y in Rome but with atrocious hours (4 work days, 1 off, night shifts, sat-sunday included). I'm an industrial chemist (no ultra big salaries like STEM workers, my bad), 28yo. 
+
+Only thing i know about Ireland (cost of Life related) is about insanely high house rent prices. While Rome is expensive it's nowhere near Dublin, but i don't know much about other areas.
+
+Is It a serious improvement? I don't mind relocating at all.
+Also, how common is a salary raise there (speaking in general terms)?
+It's not uncommon here in Italy to work for the same company 3-4y with almost no pay increase (i have 7y of experience with roles ranging from QA to the Packaging area, but with very little raises)
+
+Thank you!
+I rented for 15 yrs, and when I was a poor student, I couldn't afford expensive neighborhoods. So we lived in the poorer neighborhoods. Then, after getting a job in another city, we moved to a relatively nicer place, but it was small and expensive. When we wanted a house, so we moved further out of the city, and my husband commuted for a year, then got a new job near our house (I work remotely).
+
+So, in my mind, if an area is too expensive to afford an apartment or house, I move to an area where I can afford it. But I often hear about people saying they should be able to afford a house in their area. But I don't go to the pacific palisades, or even parts of the Bay Area and say that I have a right to afford a house in those rich areas.
+
+I guess I don't understand the other side at all and would like some insights and/or good arguments that would help it make sense in my mind.
+
+A bit of background: We now own a rental in a high cost of living area. We lived in that area ourselves, but moved away due to cost. So a tenant just asked if I'm going to raise the rent this year and if so, he said that's why there's so many homeless people. Why can't that tenant do the same thing I did and move away?
+I have been investing via SIP in a few mutual funds for over a year now in Paytm Money. But recently it has started showing a pop-up that I need to open a demat account (do KYC) to continue to invest in direct mutual funds. Google searxh showed me no change in regulation or rules that a demat account is necessary for investing in MF's.... So i wanted to know if it is necessary?
+I have been investing via SIP in a few mutual funds for over a year now in Paytm Money. But recently it has started showing a pop-up that I need to open a demat account (do KYC) to continue to invest in direct mutual funds. Google searxh showed me no change in regulation or rules that a demat account is necessary for investing in MF's.... So i wanted to know if it is necessary?
+Hi
+
+recently I bought £10000 worth of EasyJet shares at 800p and it's currently down about 20 percent. I have had a corporate action notification on Fidelity for a rights call payment but I don't really know what this is as I have never experienced this before. It says '**You have now received 31 nil paid rights for every 47 easyJet plc** **shares** **you held on 10 September 2021 and you are entitled to buy one new share for each of your rights. The issue price will be £4.10 per share.'**
+
+I have two options:
+
+do nothing or take up nil paid rights and buy shares.
+
+I don't know what the better option is and I was hoping someone could give me some advice.
+
+Thanks
+What do you think?
+
+I "invested" in SMT during the Covid bull run and cashed out at the top. Extremely lucky timing.
+
+I've been thinking about getting back in but it seems like a very risky YOLO bet these days similar to Ark ETF. 
+
+Anybody here holding SMT? If so, why?
+How has, for lack of better term, family planning lifestyle creep affected your financial stability post-FIRE?
+
+I’m in my early 30s and considering the sale of my business which would allow me a 2% SWR at my current lifestyle. 
+
+My wife and I do not have children but we plan to in the near future. While I’m not concerned that we could modify our lifestyle to accommodate for the extra child expenses, I would rather not. :-)
+
+I’m not looking for advice on my situation - this is not one of those posts. I’m interested in what changed for you when you decided to expand your family after FIRE.
+I kinda started forex about 2 months ago and I have acctually been really profitable
+About a 16k profit
+Before hand I did not do paper trading or whatsoever 
+But the thing is after being  in a few forex communities and reading more ,I have come to believe that this is not going to continue in my third month,and I’m also led to believe a consistent strategy is needed.
+I wanted to ask, as a beginner what would
+Be a good strategy to learn
+And also ( not to sound arrogant) but is the thing about most people losing money in forex real ,needing a consistent strategy or just a v overhyped myth 
+Thank you
+Hello, I could use some advice from those who know more about managing debt in old age in Scotland:
+
+I've got a friend who's parent has been struggling since their partner left and stopped helping financially. They're semi-retired, and are the carer for their (adult) disabled child who lives at home, where they have some mortgage remaining on their home. They also have \~£40K in credit card debt at high APRs with 3 companies, debt largely accrued due to the separation and their being extremely dyslexic and financially phobic, making money management so anxiety-inducing that they go catatonic. The largest single card has over £20K on it.
+
+It took a long time but they eventually divulged the scale of the problem to my friend, their child, and have been asking them for help to the tune of up to £1000 a month to pay it off. After several years of this my friend asked what the debt stands at: The answer was still £40K! All that help was just paying off the interest and has never touched the principle.
+
+I am angry about this for a lot of reasons; our system is so rigged that it's easy for a neurodivergent person to get themselves into this mess and have no idea how to get out, especially when other people rely on them. Aside from anything else, who gives tens of thousands of pounds of commercial credit to a person who's about to retire on a tiny pension? You'd think there'd be checks and balances for that sort of thing.
+
+This has come to a head because my friend has just lost their job and can't afford to give their parent that kind of money any more. Even if they could, with this knowledge that the money has always just vanished into the APR and never actually helped the debt, it seems unfair to spend thousands of someone else's cash to not even fix the problem. It is not a tenable situation.
+
+I'm a people-person, I'm good on the phone and so offered to be the go-between actually on call with the banks or related institutes as we figure this out. But I'm not sure where to start, because I don't know what a solution would look like. I've done some research and learned about things like [Scottish Trust Deeds](https://www.citizensadvice.org.uk/scotland/debt-and-money/help-with-debt/what-options-are-there-for-dealing-with-debt/trust-deeds-in-scotland/) but am unsure where to start. I am a little wary of such programs because they seem to take a chunk of money for themselves as payment (fair) to be a go-between for the institutions and the client, which is something I'd be happy to do for free, if it's something in the realm of possibility for someone without a DipFA.
+
+ Any advice or ideas would be most welcome.
+
+Edit: Thanks for all the recommendations for StepChange. We've tried putting them in touch with CAB before and not much came of it, so this time we'll be with her every step of the way.
+First thing, im still a newbie to trading options but put in so many hours studying daily, monthly, to where I felt confident in trading options and felt I was ready. Or so I thought. The first 2 weeks were amazing, I was making more money in 2 hours than I ever was working a whole day in my life. I was actually surprised myself that I was actually successful in trading options and was making amazing profits daily for those 2 weeks with no red days. Just break even days a couple times. Then came this past Wednesday-Friday. I had seen a profit I didn’t think was possible 5 minutes into the day on Wednesday. I felt confident stock was going to keep going up, it went down, long story short that unreal profit turned into my first massive loss. I didn’t set stop losses or anything like that which ended up costing me pretty badly and I held a couple contracts to the next day. Anyways, W-F was pretty much a horrible downfall to where all the profits and more I have been wiped out. I’m starting fresh tommorow, but with a very low amount of money. Any advice please?
+[https://www.bullionstar.com/blogs/ronan-manly/russian-ruble-relaunched-linked-to-gold-and-commodities-rt-com-q-and-a/](https://www.bullionstar.com/blogs/ronan-manly/russian-ruble-relaunched-linked-to-gold-and-commodities-rt-com-q-and-a/)
+
+I think this will stabilize the Ruble, people will prefer a hard currency over fiat, increasing demand for Ruble in addition to the fact that Russia is demanding payment for oil be made in Ruble as well - as predicted.
+
+People hate a gold standard, I am also a skeptic, but they often forget that Germany reigned it hyper-inflation by temporarily re-pegging their currency to gold if I'm not mistaken. This psychologically creates value to people compared to fiat currency and can act as a temporary stabilizer for countries experiencing hyper-inflation.
+
+Thoughts?
+
+I also think this will spark a global great reset, countries will move away from a fiat based US dollar to one backed by gold. The Yuan is set to follow suit.
+
+We are in for global power reshuffling, and with that comes violent geopolitical conflict, buckle up.
+
+Edit: This absolutely relates to Canadian investing, as this will have massive implications on markets, the price of gold, and so on.
+I am a 22M and have just realized how badly I've been screwing myself eating out every day B/L/D
+
+I've know for awhile now that I'd be much better off cooking at home but hadn't ever really bothered to figure out how much it was costing me. I now realize that I spend more on food a month than I do on rent and I've now racked up $2200 in credit card debt that's just added up a little bit at a time. I used to spend a check on rent and a check paying off the card but my habit has gotten to the point where a paycheck no longer covers it.
+
+I've always known eating out was killing me physically. Now that I know that it's killing me fiscally its been eating at my mind killing me mentally.
+
+I'm at a loss on what to do to kill this habit and stop spending money. I need to get rid of that debt before something bad happens.
+
+Update/Edit:
+
+I've gotten a ton of really good recommendations from you all and I genuinely appreciate the support, kind words, and advise given. 
+
+I've installed Mint and have set a budget for $100 for eating out for the month.
+I will be going to the grocery store tonight to pick up:
+* x1 Gallon of Milk
+* x1 Box of Raisin Bran Crunch
+* x1 Carton of Eggs
+* x1 Package of Cheese sticks
+* x1 5 piece package of chicken breasts
+* x5 packages of various veggies
+* x2 packages of salad mix
+* x1 form of beef like thing
+
+I'll post an update in a week or so to let you know how it went. With any luck I'll save some money and maybe drop some of those fast-food-pounds.
+
+Thanks again!
+Gary Gensler pulled the ultimate power move today, by posting the 2 minutes of footage CNBC deleted. 
+
+Ryan Cohen posted a meme of his face over Victoria's secret models that was posted here.
+
+I might be pretty smooth brained, but I feel like they're both trying to send us a message
+What're y'alls thoughts on it? In my opinion we will see a huge selloff due to people panicking, much like last week. Might try to get rid of some calls before he goes live.
+I bought my wife and I business-class tickets to Switzerland for our honeymoon. Alas, the trip was canceled because of the coronavirus. My travel agent got me a refund, but I made the purchase on my credit card. So the money "went back" to my credit card.
+
+
+The credit card now has a -$6500 balance. I guess I should have thought about this when making the purchase, but I really wanted those points.
+
+
+Is there any way I can turn this negative balance into cash so I can throw it back into savings? What is the best course of action here?
+
+
+**EDIT:** I called the bank and got a refund check sent to my home address. It took less than two minutes. Thanks everyone!
+Edit: Holy heck thanks for all the amazing tips everyone. I'm really glad for all the help I got. I'll be sure to implement a lot of what I've read today
+Got our second kid on the way and are fortunate enough to afford for my wife to continue to be a SAHM. Had to look for a bigger paying job to keep up with the costs of life.
+
+I don't know about you, but I'm burning the f\*\*k out.
+
+I'm not complaining as we are surviving.. it is manageable.. but I am trying my hardest to avoid burn out. After rent + paying off debt + kids, we have just enough left to eat and put little away. 
+
+I find it so hard to push through because I cannot afford to lose my job or underperform. My family need me, and I cannot justify picking up a second job (already full-time) only to lose more time for my family.. but I feel as though I need to, to relive some financial stress.
+
+The main thing bothering me, is that I earn a fairly decent wage (not quite highest bracket), only to live like a complete bum. I never treat myself, everything goes to my wife & kid or into debt.
+
+Are there any support groups for this sort of thing?
+
+I would love to hear how you are feeling as I feel very alone.
+Hi UKPF,
+
+Do any of you have a Costco subscription and think it’s worth it? There is a Costco reasonably local to me and I qualify for membership but am unsure of how much use it actually is.
+
+From my perspective it seems like it’s a massive version of Lidl? But happy to stand corrected on that point.
+
+Did already try searching this sub for relevant info but the last similar thread was a bit out of date from 7 years ago).
+
+Thanks!
+Hi, r/financialindependence. I posted about quitting my job in 2018 when I was 38 - I'm 42 now - to travel the world via air and the country via van after living frugally since I started working in my early 20s. Retired with about $2.3 million net worth. Here's the story so far ...
+
+**Year 0**
+https://old.reddit.com/r/financialindependence/comments/8pv2yd/38msingle_23_million_submitted_my_resignation/
+
+> I started working in my early 20s after getting out of grad school. Salary varied anywhere from $70,000 to $130,000 during those 14 years or so. I live in a state with low cost of living and no state income tax, so I knew when I started that I could save a majority of my income if I stayed frugal and resisted lifestyle inflation. I live in the same starter home I bought around 2010 and drive an old Camry. I did a bunch of set-it-and-forget-it buying of large cap US index funds and Berkshire Hathaway and I did some individual buying of large cap bank and technology names before and after the Great Recession
+
+**Year 1 update - I came home after volunteer work in SE Asia**
+https://old.reddit.com/r/financialindependence/comments/bk1rco/1_year_update_38msingle_23_million_submitted_my/
+
+>I FIREd and quit my job in the US last year, then moved to Thailand to volunteer at a non-profit teaching English to former prostitutes and low-level criminals for tourism industry jobs. I'm an American, ethnically Chinese.
+
+>My apartment and utilities were provided for free by the non-profit and I lived with my fellow expat volunteers. Some were older couples who wanted their privacy, so they booked their own apartments. Costs ranged from as low as $200 a month for a cheap, non-furnished studio apartment to $375 a month for a furnished studio in a newer building near a Skytrain station in the center of town with security. I was pleasantly surprised that because I was in the country on a sponsored work visa, I was eligible to buy health insurance there as a local. It came out to about $150 a month. Getting international expat health insurance here in America would have cost me up to $500 a month, so a huge savings. I also rarely ate at home and never cooked, since Bangkok is one of the great street food capitals of the world. All kinds of Thai, Chinese, Malay, Indian and Arab food served on the street for about 35 to 70 baht each entree (~1 to 2 bucks USD). I ended up not getting a local cell phone or local cell plan, my Sprint plan included international roaming and the 2G data was okay for Google Maps and web/email use when I was away from wifi, which was rare.
+So monthly fixed expenses came out to
+
+> * $150 health insurance
+
+> * $200 eating out
+
+> * $100 7-Eleven (drinking tap water actively discouraged by authorities due to corroded pipes. Bottled water is substantially cheaper there than here, thankfully. My problem is that when I went into 7-Eleven every day to get the cheap water, I would get sidetracked by whatever tasty unfamiliar snack I would see at the hot food counter that I would then have to try, hence $100 a month blown. Seriously, 7-Eleven in Thailand is amazing, I highly recommend getting lost in one. All kinds of hot noodle soups and baos and sticky rice snacks and cakes.)
+
+> * $150 Skytrain and subway tickets, Uber/Grab app rides on the back of a motorcycle.
+
+> * $250 random spending money on cheap knock-off clothes or gifts to take home or a ladyboy cabaret show or a concert or pro kickboxing match, etc.
+
+> * =$850/month total. Let's say I had to get my own furnished apartment and pay for my utilities, add another $500 a month. $1,350 a month total is pretty good considering I lived like a king and didn't budget myself at all. I could get that below $1,000 a month if I was more frugal.
+
+> My non-fixed expenses were for airfare and lodging when I would leave town for the weekend to explore the rest of SE Asia. If I could book trips early enough, I could get round trip flights on Scoot or AirAsia to Chiang Rai or Singapore or Penang for as little as $40 round trip. Other than Singapore, Airbnbs and budget hotels were dirt cheap, so those weekend trips rarely cost more than $200 each.
+
+> Also - about three or four months after I moved to Thailand, my former boss called me to see how I was and offered me an online-only job, where I would spend about an hour to 90 minutes a day remotely reviewing other people's work, answering internal emails and listening to ideas he would bounce off of me. I wasn't interested, but he insisted it would not be my old job, that I would still be a digital nomad and never come into the office and I would be eligible for 401k matching and the company's health insurance when I came home. So I said yes and I've been doing the job for about half a year. It's been as advertised, I set aside an hour or so a night on my laptop in front of the TV and it hasn't grown into anything bigger yet. The salary is a small, small fraction of what I used to make but it's worth my time. We'll see how things stand after another year.
+
+**Year 2 update - I was in COVID lockdown**
+https://www.reddit.com/r/financialindependence/comments/gwhxgh/2_year_update_38msingle_23_million_submitted_my/
+
+> 2020 comes and COVID-19 hits. My trip to Taiwan and Hong Kong was cancelled. A trip to Italy soon after, too. Then separate trips to Nevada and Boston, too. My net worth skyrocketed to over $3 million thanks to the post-China trade deal rally and the market assuming COVID-19 is contained. The abrupt, panicked selloff as the world went into lockdown knocked me back down to $2.1 million. Painful, but I rode the Great Recession all the way down and back ten years ago, so I had that experience to rely on to resist panic selling. I've since rode the April/May rally back up to $2.6 million. https://i.imgur.com/Wg7c74L.jpg
+
+> My current expenses ... I own the house outright so no rent is great. Health insurance is covered by my old employer (while still in SE Asia, I was offered a remote work job by my old boss, like set aside 60-90 minutes a day to answer email and have him bounce ideas off of me. I originally said no but was swayed when told I could get health insurance covered and my 401k matching when I moved back to the states, have done it since. A nice side hustle for a fraction of my old salary.)
+
+> * $480 a month for property taxes and home insurance. That's right, per month. Property taxes are high here, the joys of home ownership.
+
+> * $70 a month for auto insurance, two cars, two drivers.
+
+> * $130 gasoline and auto maintenance. They're Toyotas, maintenance is really easy and the engines will run forever.
+
+> * $220 water, internet and power.
+
+> * $120 a month for four smartphones on a Sprint family plan. Yes, Sprint sucks but it's a great price that I've been grandfathered into for several years. I get a free Hulu sub and a free AAA sub with it, too.
+
+> * $140 groceries. I shop mostly at Aldi and grow several greens and fruits in my backyard.
+
+> * $60 for random upkeep around the house. Replacing a broken sprinkler head, buying wood chips, replacing a broken weedeater guard, batteries, light bulbs, buy a bag of potting soil, stuff like that.
+
+> * = $1,220/month. I'm not including eating out or going to shows or movies because I'm inside the house all day every day. My $20 gym membership is suspended, I don't want to work out in an enclosed space until there's a vaccine or proven treatment.
+
+**Year 3 update -**I didn't post an update because things had not changed much from the year before. Omicron had people home in Texas dropping dead left and right and I didn't feel comfortable flying domestically or internationally again. So I did a lot of camping trips at state parks in Texas, Oklahoma, New Mexico and Arkansas. It was nice. Lots of exploring in towns like Taos and Durant and Turkey. Spent a lot of time with family.
+
+**Today, Year 4 update** - I finally started flying again in the spring and picked up right where I left off in 2020. I went to a friend's wedding in New York City and I had such a great time that I later signed on as an unpaid volunteer with NY Cares. I'm currently based in Queens and I'll be here into December helping high schoolers and their Mandarin or Spanish-speaking families fill out their FAFSA applications. Enjoying myself very much. I'm basically a tourist all day and night. Eating lots of cheap $2 pork dumplings and $7 halal food in Astoria and Flushing and Sunset Park. Going to a lot of museums and art galleries in Manhattan.
+
+https://i.imgur.com/ls9WkSF.jpg
+
+https://i.imgur.com/8TVrkN6.jpg
+
+https://i.imgur.com/783eCtv.jpg
+
+https://i.imgur.com/uhbHhrP.jpg
+
+**Net worth today -** I've been on a wild ass ride since 2018 that has been bewildering and head-spinning. $2.3 million at retirement, rallied to above $3 million at the pre-COVID peak. The lockdown selloff was brutal, I was back to $2.1 million pretty quickly by summer 2020. I then put my hoarded cash to work in more big bank, tech names and leveraged ETF plays hoping to claw back to over $3 million within three years. I was floored that it ballooned to over $10 million on the backs of those leveraged bank and tech plays going parabolic and leading the market as the Federal Reserve kept interest rates near zero (thanks "transient inflation") and QE going for substantially longer than anyone expected.
+
+https://i.imgur.com/eJbG1Vx.jpeg
+
+I was shocked by the huge move higher because I grossly misjudged just how many rounds of stimulus Congress was going to pass, misjudged how long the Fed was going to ignore spiking inflation and misjudged how much central banks and lawmakers in other countries would going along with similar measures, further juicing global financial markets. You are welcome to view my post history for the past two years, as I post about some specific bank and tech trades I made.
+
+Well, that's all crashed and burned in 2022. The steady 75-basis point interest hikes beginning in the spring by the Fed to kill the +8% inflation we are enduring have torpedoed the bank and tech names in my portfolio. I'm currently at about $6.1 million, a $4 million loss from the peak. Yes, it has been exceptionally painful. I've done some selling on the rallies and other selling on stop-loss orders being triggered.
+
+https://i.imgur.com/EjmMPz9.jpg
+
+But, whatever. I knew these trades I entered into in 2020 were high risk, high reward. And I'm up over 100% on my net worth since I retired four years ago. If you would have told me then that my nest egg would balloon to over $6 million within five years, I would have done backflips. The fact that it spiked to over $10 million before losing $4 million in value doesn't bother me as much as it should. I'm pretty much over it, at this point. I'm happy with myself that I've always kept at least $400,000 in cash on hand because it gives me the luxury now of looking over my shopping list for new names to enter into 2023. No clue when the bottom will be, I have increased my 401k contributions to the $20,500 maximum in the meantime.
+
+I am still bullish in the long term of the big US banks. Banks because we are in a sharp rate hike cycle, meaning retail banking is very profitable for the first time in over 15 years because interest rates are high and will honestly never go back to being near-zero for so long. Wells Fargo has the largest (proportion) retail banking operation out of them all and has lagged for over a decade because of it, it's been my top pick since the Fed started hiking in May-ish. Reasons to bet against big banks are if the recession is deeper and harder than expected. Obviously.
+
+**Current cost of living -** I'm currently staying in Elmhurst, Queens. It's about $1,400/month for a private room and shared bathroom, I booked on Airbnb. I highly recommend Airbnb for monthly stays, many hosts slash their asking rate 40 to 60% if you commit for that long. Huge pluses are I'm right next to a station for the 7 train and there is washer/dryer in house.
+
+* $200/month for transportation. I ride the subway with an unlimited weekly pass loaded on a MetroCard. And will take the occasional taxi or rideshare. Yes, I know about the spike in stabbings and platform pushers in the news constantly. Yes, there seems like fewer police and more mentally ill folks than before the pandemic. Luckily haven't witnessed anything yet, just need to stay mindful.
+
+* $600/month for food. I am eating out every day, there's cheap ethnic food everywhere in Queens. I can save and diet when I go home.
+
+* $250/month on attractions. I'm not spending much on attractions. There's so many free things to do in the city, it's pretty amazing. You can burn several days touring the free private art galleries in Chelsea or half a day walking the Brooklyn Bridge and back or walking in Coney Island or taking the free Staten Island ferry. The big pay museums have certain free hours blocked off every week. I did buy the occasional Mets tickets or pay to see a local band or pay the table minimum at the Comedy Cellar.
+
+* $120/month for the same four-phone family plan.
+
+* =$2,570/month. Health insurance still covered by part-time remote gig.
+
+
+edit. Fixed formatting.
+**TL;DR:** **What do you consider a good P/E ratio?** Looking to start a thread to see how folks go about defining what a good P/E ratio is. My own thought process is outlined below.
+
+Price to Earnings is one of the most popular valuation ratios, and we all know that low is better than high. We also know that we are supposed to compare P/E ratios of peer companies and industry averages, and that P/E ratios should not be considered in isolation. Having said that, I'd like to expand a little bit on Graham's brief explanation about ideal P/E ratios from The Intelligent Investor book, especially considering the sky-high price multiples we've seen in the last 12-24 months.
+
+* The theory behind Graham's Price to Earnings analysis comes from the notion that as an investor, if you have money to invest, there are two places where you can put it: **Stocks or Bonds.**
+* The goal of investing in the first place is to put your money to work and generate a return on your investment. If you invest your money into stocks or bonds, your money generates a return in the form of:
+   * **Earnings:** Owning a piece of the company (i.e. shares) means also owning a piece of the earnings. We call this Earnings per Share, or **EPS.**
+   * **Coupon payments/interest:** As a bond holder, you get your returns in the form of coupons. This is a percentage of the principal. Overall what the bond generates is a **yield**.
+* You can think of the price to earnings ratio as the yield on your initial investment when you buy shares. The Earnings Yield formula given the P/E ratio is 100 \* 1/(PE ratio). **So a PE ratio of 20, is comparable to a bond yield of 5%.**
+
+**Graham's original quote:** *"Our Basic Recommendation is that the stock portfolio, when acquired, should have an overall earnings/price ratio, the reverse of the P/E ratio, at least as high as the current high-grade bond rate. This would mean a P/E ratio no higher than 13.3 against an AA bond yield of 7.5%"*
+
+Based on the above logic, we can build the following table:
+
+​
+
+|P/E Ratio|Corresponding Bond Yield|
+|:-|:-|
+|13.3|7.5%|
+|20|5%|
+|40|2.5%|
+|50|2%|
+
+* In today's market, the existing Corporate AA bond yield is around 1.94%, which means that a corresponding P/E ratio in these conditions would equal to roughly 50 times earnings, which is quite high. If we look at historical average P/E ratios for the S&P500 we can see that they have been trending up in recent years, especially during the bull run that started in 2020.
+* There is also an interesting effect as well when you have low bond yields. Not only investors prefer to invest more in stocks, but it is cheaper for companies as well to borrow money at low interest rates, which they can use to either invest in their own growth or stay in business during difficult times, which causes stock prices to go up and contribute with high price to earnings ratios. Cheap borrowing can't last forever though.
+
+**Conclusion**:
+
+Circling back to the original question, I think that a reasonable strategy to identify attractive P/E ratios (assuming the other financial metrics check out) is to look for companies trading at at least 30% discount of the P/E ratio dictated by current yields. At the time of this writing, that figure would be around 35. Remember that High Grade Corporate Bonds' Yields typically are one or two points above US Treasuries. One can also try to factor in that interest rates might rise 1% to 2% in the future, which will push AA Bond Yields up by a couple points as well for an extra margin of safety. As an interesting fact, Warren Buffet bought Coca-Cola at an average P/E of around 24, and AA yields were >7%, so it is well known that it was overvalued, but also we know how that investment turned out.
+Every discussion of value will inevitably also lead to a discussion of a value trap.
+
+But Brazil / ibovespa has all the hallmarks of real value there. The obvious [low P/E ratio](https://siblisresearch.com/data/ibovespa-pe-ratio/)doesn’t tell us anything about value vs value trap except that it’s cheap. What’s very peculiar about ibovespa and MSCI Brazil, is that it yields above 10%. Now that’s insane. Many indexes will have low p/e but that is usually accompanied by a lot of other issues, like liquidity issues, the fact that Brazil indexes are able to keep up the high EPS and high divvies at the same time is imo a clue that there is real value there.
+
+But nothing is ever as easy at this. Off the top of my head, Petrobras is the largest company in Brazil and has an insane yield in the 30s % agaik, oil being cyclical and not sexy contributes to its low P/E. In fact many large companies in Brazil are mining, oil and gas or some sort of a commodity. Hence low P/Es.
+
+Not only the nature of the industry, but Brazil is a large net exporter of goods, and during the recessions (which is being priced in right now) exporting countries tend to fare bad due to decreased demand of exported goods.
+
+However, that 10% yield is still hella sexy and implies there is still a lot of liquidity and income in Brazil. It reminds of how I read that during the Great Depression US stocks yielded an average of 10-20%
+**TL;DR:** **What do you consider a good P/E ratio?** Looking to start a thread to see how folks go about defining what a good P/E ratio is. My own thought process is outlined below.
+
+Price to Earnings is one of the most popular valuation ratios, and we all know that low is better than high. We also know that we are supposed to compare P/E ratios of peer companies and industry averages, and that P/E ratios should not be considered in isolation. Having said that, I'd like to expand a little bit on Graham's brief explanation about ideal P/E ratios from The Intelligent Investor book, especially considering the sky-high price multiples we've seen in the last 12-24 months.
+
+* The theory behind Graham's Price to Earnings analysis comes from the notion that as an investor, if you have money to invest, there are two places where you can put it: **Stocks or Bonds.**
+* The goal of investing in the first place is to put your money to work and generate a return on your investment. If you invest your money into stocks or bonds, your money generates a return in the form of:
+   * **Earnings:** Owning a piece of the company (i.e. shares) means also owning a piece of the earnings. We call this Earnings per Share, or **EPS.**
+   * **Coupon payments/interest:** As a bond holder, you get your returns in the form of coupons. This is a percentage of the principal. Overall what the bond generates is a **yield**.
+* You can think of the price to earnings ratio as the yield on your initial investment when you buy shares. The Earnings Yield formula given the P/E ratio is 100 \* 1/(PE ratio). **So a PE ratio of 20, is comparable to a bond yield of 5%.**
+
+**Graham's original quote:** *"Our Basic Recommendation is that the stock portfolio, when acquired, should have an overall earnings/price ratio, the reverse of the P/E ratio, at least as high as the current high-grade bond rate. This would mean a P/E ratio no higher than 13.3 against an AA bond yield of 7.5%"*
+
+Based on the above logic, we can build the following table:
+
+​
+
+|P/E Ratio|Corresponding Bond Yield|
+|:-|:-|
+|13.3|7.5%|
+|20|5%|
+|40|2.5%|
+|50|2%|
+
+* In today's market, the existing Corporate AA bond yield is around 1.94%, which means that a corresponding P/E ratio in these conditions would equal to roughly 50 times earnings, which is quite high. If we look at historical average P/E ratios for the S&P500 we can see that they have been trending up in recent years, especially during the bull run that started in 2020.
+* There is also an interesting effect as well when you have low bond yields. Not only investors prefer to invest more in stocks, but it is cheaper for companies as well to borrow money at low interest rates, which they can use to either invest in their own growth or stay in business during difficult times, which causes stock prices to go up and contribute with high price to earnings ratios. Cheap borrowing can't last forever though.
+
+**Conclusion**:
+
+Circling back to the original question, I think that a reasonable strategy to identify attractive P/E ratios (assuming the other financial metrics check out) is to look for companies trading at at least 30% discount of the P/E ratio dictated by current yields. At the time of this writing, that figure would be around 35. Remember that High Grade Corporate Bonds' Yields typically are one or two points above US Treasuries. One can also try to factor in that interest rates might rise 1% to 2% in the future, which will push AA Bond Yields up by a couple points as well for an extra margin of safety. As an interesting fact, Warren Buffet bought Coca-Cola at an average P/E of around 24, and AA yields were >7%, so it is well known that it was overvalued, but also we know how that investment turned out.
+Im always told you need to find deals before they hit market! Easier said than done. I cant compete with the “cash buyer” I also cant compete with people over paying for anything that hits the market. Now I get it the market is what it is and thats just how it goes, but seriously are there any investor/landlords/trades-mans that decided to go and become real estate agent’s? Besides extra income are there any other benefits that helped you scale your businesses? I want more options than just the MLS scraps.
+Hi,
+
+I work as a product manager at a large tech company and as part of my job it's important for me to understand major technology trends. I put this post together to outline a major technology trend (bottoms-up sales) and to analyse some potential investment opportunities to go along with this trend.
+
+Please let me know if you found this post valuable. I'm considering starting a tech/investing newsletter where I analyse tech trends and look at associated investment opportunities. Would love to know if that's something people would be interested in.
+
+## Bottom-Up Software Sales
+
+The "bottom up" go-to-market strategy is the main sales strategy used by some of the world's fastest growing enterprise software companies, from Atlassian to Zoom.
+
+The premise behind the bottom-up strategy is simple. Instead of taking a top-down approach, where software is sold directly to company leaders (CEO, CTO etc), bottom-up software can be adopted by individuals or small teams at a company before expanding to being used company-wide.
+
+For example, Zoom is often initially adopted by individual salespeople to run a remote sales call before being eventually adopted company-wide to run all company meetings.
+
+There are huge opportunities for public investors who can understand and identify companies that are successfully using the bottom-up strategy. In this post, I'll explain the benefits of a bottom-up strategy and list some exciting public companies using this strategy to their advantage.
+
+## What's so special about bottom-up?
+
+There are a number of distinct advantages to the bottom-up strategy that makes for incredible businesses and investments.
+
+​
+
+* **Lower cost of customer acquisition (CAC).** Traditional top-down software companies such as Oracle and SAP spend a massive amount of money on sales. They need to since they are selling to C-level executives and their products typically cost millions to implement. Bottom-up businesses don't have this problem. Users can sign up to their products directly from the website in minutes. Therefore they spend far less money on sales and can acquire customers for far less.
+* **More money for R&D.** Since bottom-up companies don't need to employ a large sales force, they can spend more of their revenue on research and development. They can either focus on improving their current product offering or building brand new products.  
+   * This creates a really powerful flywheel effect. Less money spent on sales = more money for R&D = a better and faster improving product = more customers = less money spent on sales....
+* **More chances to be adopted.** Top-down companies only really get one or two chances to sell to a customer. If the CEO doesn't like your sales pitch, there's not much you can do. Bottom-up companies have hundreds of chances to be adopted since they can be adopted by individual employees or small teams.
+* **You can sell down-market.** Many of the best SaaS (software as a service) products are used by both startups and large companies due to their bottom-up strategy. This allows them to access a larger total addressable market, generate revenue early, get quicker feedback and to also grow revenue naturally as their customers grow in size. Top-down companies typically don't sell down-market due to the high sales costs involved for them.
+
+## What to look for in a bottom-up company
+
+Not all bottom-up companies are created equal. Here are some important things to look out for when evaluating investment opportunities.
+
+​
+
+* **Look for a "receptive" market.** The bottom-up strategy is not a one-size-fits-all approach. The approach just doesn't make sense for some products and markets. E.G. Payroll software needs to be adopted company-wide for it to be effective. Whereas project management software can be easily adopted by individuals or small teams. This is a receptive market.
+* **World-class design.** Bottom-up companies can only be successful if their products can be easily adopted and used by individual users. To provide value quickly, these products need to be intuitive, simple and a joy to use. Look for products that fit this description. If you are unsure on how to evaluate design quality, go to websites such as G2 and read customer reviews.
+* **Growing average revenue per customer.** Bottom-up products are easily adopted by individual employees. However, the real test of a bottoms-up product is whether or not it spreads within each customer and starts to generate more and more revenue. Look for companies where this is happening. If a bottom-up company is only growing through new customer acquisition then this is a bad sign. Their product is not being widely adopted at each customer.
+* **High sales efficiency ratio.** In the same vein as the advantage of having a low CAC, high quality bottom-up companies should have high sales efficiency ratios as they need to employee fewer salespeople than top-down companies.
+* **Moving up-market.** While the ability to sell down-market is a big advantage, you should be wary of companies that only sell down-market. Look for companies that sell to both Fortune 500 companies and startups.
+
+## Bottom-Up Companies
+
+Below are some bottom-up companies that are, in my opinion, great investment opportunities. (Please note, that this is not investment advice and just the companies that I'm excited about for my personal portfolio).
+
+### Asana ($ASAN):
+
+Asana is a project management software company that IPO'd in late September. It is the archetypical bottom-up company; individual users/teams adopt Asana to run their own projects before it is eventually adopted company-wide as the go-to project management tool.
+
+I like Asana for a couple of reasons:
+
+​
+
+1. **Asana's sales efficiency is 1.15.** This is a very healthy number for a newly public company and shows that their bottom-up strategy is working very well.
+2. **R&D spend is 64% of revenue.** While this may seem incredibly high to some and could be a negative sign at a more mature company, as explained above bottom-up companies live and die on the quality of their product. A high % spend on R&D shows that Asana's management clearly understand where their money can create the most long-term shareholder value.
+3. **Product & design quality.** This is an entirely personal opinion but I've used Asana extensively and it's the best-designed project management tool I've ever used.
+4. **YoY revenue growth of 85%.** Even though Asana is a relatively young company, revenue growth of 85% is incredibly impressive.
+
+### Slack ($WORK) :
+
+Slack is a business chat/communications tool for companies. Colleagues can send DMs to each other, create channels (chat rooms), private groups and more. It is becoming the de-facto internal communication channel for many of the world's fastest growing companies.
+
+I like Slack for a couple of reasons:
+
+​
+
+1. **Product stickiness.** Once Slack is adopted company-wide it is incredibly hard to replace. The deep customisation allowed (different channels, private groups etc) and the amount of stored knowledge in the system means that many companies would almost grind to a halt if they could not use it. They would not be able to effectively communicate. This is in contrast to a tool like Zoom, which could be fairly easily replaced if better video conferencing software was available.
+2. **Average user activity is 90 minutes per day.** The average slack user spends 90 minutes every day on the platform. This is an incredible example of the value that slack is providing to it's users and is indicative of a bottom-up product that is getting adopted company-wide.
+3. **65 of the Fortune 100 use Slack.** As mentioned above, a critical measure of a bottom-up company is whether or not they can move up-market. Slack is being used by some of the world's fastest growing public companies. It is also used by Amazon, which at the time of writing is the 3rd largest company (by market cap) in the world.
+
+### Honourable Mentions:
+
+Below are some more bottom-up companies that are definitely worth investigating.
+
+​
+
+1. Zoom ($ZM)
+2. Atlassian ($TEAM)
+3. Datadog ($DDOG)
+4. Zendesk ($ZEN)
+5. Hubspot ($HUBS)
+6. Docusign ($DOCU)
+
+​
+
+Would you be interested in reading more posts like this? If so, please let me know in the comments. Thanks
+Vitalik Tweeted out this :
+
+https://twitter.com/VitalikButerin/status/911219327247904768
+
+Which is plastered on the front page as 'a donation to charity'. However, it was actually a mix. A possible donation to charity OR 'something of a slush fund for future developments' (this part is confusing).
+
+Which is in response to this :
+
+https://www.coindesk.com/raiden-ico-ethereum-scaling-solution-launch-publicly-traded-token/
+
+The RAIDEN ICO
+
+> But, why would users buy the token?
+
+> Due to its design, the Raiden Network will likely cost fees. For one, Raiden requires that users "watch" their payment channels for a certain period of time to make sure funds aren't stolen. The team said the current plan is to hold a "uniform price Dutch auction," meaning the price of the tokens would decline in cost over the course of the sale.
+
+The Users of /r/Ethereum responded with this :
+
+> You are risking your integrity for a fast cash grab.
+
+---
+
+# So now it's getting really confusing.
+
+What I think is happening is that Vitalik is offering to do a private Sponsorship of the Raiden development team of $35 Million IF they refuse to do an ICO. If they continue, he will donate to charity.
+
+The users of Ethereum think that the Raiden ICO will add unnecessary fees, profit incentives, and a competing block chain to the market place (presumably reducing Ethereum value, they suspect).
+
+Likewise, if Raiden does the ICO, Vitalik may just spend $35 Million (sorry, these topics are so ad hoc and confusing, this number is likely incorrect) to start a competing similar product, but which is 'free' (this part is unclear).
+
+So what are your thoughts, and what does this all fucking mean? K thanks :)
+Probably gonna get downvoted to oblivion, so you could consider this reverse moon farming. Anyways, before anybody discredits me, I am studying Computer Science and have been able to land some nice internships, so yes, I admit that I'm not an expert and there are many things I don't know, however I would consider myself someone that has been exposed to basic Computer Science concepts, and more advanced ones in Algorithms, Data Structures and Cryptography.
+
+With that out of the way, I just wanted to say that there are a lot of people here giving recommendations to new people (which is great) and there is this specific one that really irks me, "Read the whitepaper". Why does it annoy me so much?
+
+* Well, for starters I highly doubt that people giving these recommendations even read the whitepapers themselves, I honestly believe that they say this in order to look like "responsible investors" or "being in it for the tech", whatever their motives are, I believe that 99% are lying.
+* For the tiny minority that actually reads the whitepapers, I don't mean to sound like an asshole, but I highly doubt you understand the important technical part of the whitepapers completely. I say this because I've taken several high level CS courses in college and I struggle every time to grasp some concepts that describe how a certain project works and what makes it significant. I am certainly no guru, but I believe that I know more CS than the vast majority of people who are trying to get into crypto, and if someone like me can't understand what these whitepapers say, how exactly will a newcomer get any benefit from trying to read these documents?
+
+You know, I remember I got into crypto right when I started college, and even now 3 years later, I prefer just watching a simplified video about a project than trying to read the whitepaper, which I know will be a waste of time. There is a reason why most projects upload a simplified version that explains how the project works, and that's so that newcomers can get an idea of what the project is. Odds are that the vast majority of people trying to buy a certain cryptocurrency will be people that just don't have the background required to understand whitepapers, so let's stop recommending them to read whitepapers and instead recommend them something different, like watching videos or reading simplified articles that explain what the cryptocurrency that they want to buy is.
+That means I now have a full month between jobs. Is that technically a termination, can I go on unemployment?
+
+EDIT: Thank you so much everyone for the advice and knowledge. I was having a mini-freakout, but I feel better now that I have a better idea. I'm going to file a claim either way, and it sounds like in most states I would be eligible for at least a little money. Fingers crossed
+
+EDIT 2: Of course my top post ever would be about getting fired :/
+Their earning per share is around $5-20 a share. Why are they worth that much if you're not getting much out of owning these stocks?
+
+If you look at Amazon, their total asset is  $131,310,000,000 for 2017 and they have  285,850,780  total shares, their asset/shares is only $459.35 yet the stock is worth around $2000.
+
+Amazon's net income for 2017 was $3,033,000,000 for the year. Even if they were to use it 100% to pay dividends (which they won't) it will be $10.61per share (net income/total shares). The price to dividend would be $10.61/$1952.07 which would be 0.544% which is really low. Stocks that pays dividend usually pay 2-3%, to get that result they would have to grow their net income to 400-600% and I don't even know how much their revenue would have to grow to get that kind of net income. I'm not a financial analyst, I'm just like crunching some random numbers and I just don't see the potential for the stock's dividend.
+
+1st Edit: google EPS is around $20 not $15.
+
+2nd Edit: saw some comments saying people are buying these stocks cause of the potential for growth and that eventually the stock would pay dividends and added more to the post.
+
+3rd Edit: Amazon's total share outstanding is 487 million not 285,850,780 (got confused with total institutional holding shares) and the P/E is 176.86. So 1/176.86 \* their market cap should be how much their net income should be which is 0.005654 \* 948.315B = 5.362B and they will probably beat that for this year so if you look at it this way their stock price should be even higher than $1900 - $2000. 
+What is the easiest most efficient (for taxes) way to do this? Or is it just as simple as sell everything, transferring the money to my bank account, then transfer it to an exchange?
+"Sec. 2. I hereby determine that the making of donations of the type of articles specified in section 203(b)(2) of IEEPA (50 U.S.C. 1702(b)(2)) by, to, or for the benefit of any person whose property and interests in property are blocked pursuant to section 1 of this order would seriously impair my ability to deal with the national emergency declared in this order, and I hereby prohibit such donations as provided by section 1 of this order.
+
+Sec. 3. The prohibitions in section 1 of this order include but are not limited to:
+
+(a) the making of any contribution or provision of funds, goods, or services by, to, or for the benefit of any person whose property and interests in property are blocked pursuant to this order; and
+
+(b) the receipt of any contribution or provision of funds, goods, or services from any such person."
+
+
+Sec. 7. For those persons whose property and interests in property are blocked pursuant to this order **who might have a constitutional presence in the United States**, I find that because of the ability to transfer funds or other assets instantaneously, prior notice to such persons of measures to be taken pursuant to this order would render those measures ineffectual. I therefore determine that for these measures to be effective in addressing the national emergency declared in this order, **there need be no prior notice of a listing or determination made pursuant to section 1 of this order.**"  ... aka, they can take all your stuff without due process instantly if you have "constitutional rights" in the US (wow).
+
+
+The rabbit hole is deep people.  This is almost as bad as the patriot act... a national emergency LOL what a joke.  **I pray that non of you donated to Snowden using Coinbase or any other bitcoin platform that keeps your identity on file**
+
+
+Source:  https://www.whitehouse.gov/the-press-office/2015/04/01/executive-order-blocking-property-certain-persons-engaging-significant-m
+This is huge tomorrow’s testimonies for the congressional hearing are out check them out on the links below. 
+
+We need a wrinkled brain ape to go through this testimonies.
+
+
+https://financialservices.house.gov/uploadedfiles/hhrg-117-ba00-wstate-genslerg-20210506.pdf
+
+https://financialservices.house.gov/uploadedfiles/hhrg-117-ba00-wstate-bodsonm-20210506.pdf
+
+https://financialservices.house.gov/uploadedfiles/hhrg-117-ba00-wstate-cookr-20210506.pdf
+
+EDIT: after going through Gensler testimony it looks promising indicating a full blown out investigation! I will only believe when I see actions.
+Over the past few months, I've been receiving relatively frequent (maybe two or three times a month) text messages from people/numbers I don't know, expressing interest in buying my rental properties. Here's one, with some of the details removed:
+
+"Hi, this is X NAME and I'm looking to buy a home in X CITY. I came across the house you own at X ADDRESS and I'm very interested. I've been trying to reach out to see if you would like to sell it."
+
+My assumption is that this is like a digital equivalent of the "We Buy Homes for Cash" fliers you sometimes see around town. People/companies looking for homeowners who need to liquidate fast at a steep discount. 
+
+Has anyone had experience with messages like this? Are they worth responding to?
+Looking to purchase my first property. The property is a triplex. I want to house hack it. 
+
+Property is listed at 269k
+Should rent for at least 800 per unit with 850 being market average for these size units. Doesn’t need more than paint, which I can do myself. 
+
+I’m 19. Still live with parents. I have 2 consistent years of making 19-20k a yr. I was self employed during most of that time though and just recently got my RE license. So now I’m on commission pay. I still do one day of work at my previous job a week averaging about $150-200 a week. 
+
+I have a 709 credit score but only from 3- 4 months of building credit. 
+
+No personal debt. 
+
+I have 10k saved up for the 3.5% down on an fha and about 5k additional for any other costs/an emergency fund. 
+
+So basically I look bad to a bank even though I have 2 yrs of pretty consistent income. So my question is, 
+If I can get my parents to co-sign and they qualify, how much does that help? Bc I definitely don’t qualify on my own. But can I still make it happen if I have a good co-signer? Or will that not be enough? 
+
+I’m talking to two good lenders on Monday but I’d like to get an idea if I can even do it or if I just have to wait until my finances are better. If so I’ll just work on building my sales business and try to do some flips.
+
+Thanks so much everyone!
+I'm pretty new to investing, have really only experimented with Wealth Simple for the past 4 months or so and am slowly learning. I have 20k in a TD high interest TFSA that is making me 80 cents a month. My plan is to leave 12k as an emergency fund and put the remaining 8k into XEQT. I am 30 and have at the minimum $35k in contribution room. 
+
+I'm pretty sure I've learned enough from this sub to know this is a good idea, but a move that big (for me, I'm low income) is making me second guess myself. I guess I'm looking for someone to confirm for me that this is a wise decision. TIA
+I remember there was a lot of nervous excitement, but everything was still a bit of a laugh. We had never heard of Citadel, the VW squeeze only got a few mentions, and we didn’t know about variance swaps and stuff like that. FTDs were really the first technical thing to come up, but I can’t remember when that was.
+
+Even though things are much more serious now, I have a feeling in my bones that’s eerily similar to last year, and I can’t quite put my finger on what that is.
+One of my favorite justifications for spending money on certain things is based on how much time it gets used. For example, a $3000 mattress may sound expensive but is used 6 to 8 hours per day for 5+ years - that feels worth the splurge vs super fancy sneakers can cost $500 but may last only a year max.
+
+Side note - any good mattress reccs? This group feels like a good one to ask.
+I’m an underage citizen of Belgium. After my mother's passing I inherited €175k from life insurance payouts and the sale of her house; my brother inherited the same sum(and, for personal reasons, a bit more as well). He died recently, and now I'll be given access to a sum of at least 350k when I become an adult next year. I want nothing more than to use their gifts wisely, but I'm well aware that eighteen is not the age to start a business at. How would I best keep this sum safe and growing the coming years? Thanks in advance.
+>Facebook Inc. co-founder [Mark Zuckerberg](https://www.bloomberg.com/billionaires/id/15103277) has overtaken [Warren Buffett](https://www.bloomberg.com/billionaires/id/1387055) as the world’s third-richest person, further solidifying technology as the most robust creator of wealth.  
+>  
+>Zuckerberg, who trails only Amazon.com Inc. founder [Jeff Bezos](https://www.bloomberg.com/billionaires/id/1642252) and Microsoft Corp. co-founder [Bill Gates](https://www.bloomberg.com/billionaires/id/1390479), eclipsed Buffett Friday as Facebook shares climbed 2.4 percent, according to the [Bloomberg Billionaires Index](https://www.bloomberg.com/billionaires/).  
+>  
+>It’s the first time that the three wealthiest people on the ranking made their fortunes from technology. Zuckerberg, 34, is now worth $81.6 billion, about $373 million more than Buffett, the 87-year-old chairman and chief executive officer of Berkshire Hathaway Inc.  
+>  
+>Zuckerberg’s ascent has been driven by investors’ continued embrace of Facebook, the social-network giant that shook off the fallout from a data-privacy crisis that hammered its shares, sending them to an eight-month low of $152.22 on March 27. The stock closed Friday at a record $203.23.  
+>  
+>Buffett, once the world’s wealthiest person, is sliding in the ranking thanks to his charitable giving, which he kicked off in earnest in 2006. He’s donated about 290 million Berkshire Hathaway Class B shares to charities, most of it to Gates’s foundation. Those shares are now worth more than $50 billion, according to data compiled by Bloomberg. Zuckerberg has pledged to give away 99 percent of his Facebook stock in his lifetime.
+Hello all - second attempt at this post with slightly more detail to hopefully provide additional context and guide the discussion.
+
+Mid 30s and getting to the point of settling down with more space and slower pace than NYC. Current take home pay is ~$800k per year and growing. That’s excluding my spouses income, any equity plans, or carry. We also have a small beach condo for winter months we own, although we know once kids are in school that will be used less and less as school routines become the priority.
+
+For reasons I won’t get into, we need to stay in the NY/NJ area, and have been researching the best neighborhoods outside of the city. 
+
+We conservatively estimate our NW when we do choose to move out to be ~$10m, and continuing to grow over the next ten to fifteen years. While we’re not set on buying a sprawling Hamptons estate, there are plenty of solid homes in all of the neighborhoods listed below. So for the sake of this discussion, I’m less interested about neighborhood price, and more interested in hearing about the groups experiences and thoughts about living in each area (pros, cons, etc)
+
+Firstly:
+Westchester vs. Long Island vs. Jersey
+
+And then if possible, any additional and more granular insights into specific neighbors in each. 
+
+Westchester:
+Bronxville, Rye, Tarrytown, etc.
+
+Long Island:
+Manhasset, Garden City, Port Washington, Cold Spring Habor, etc.
+
+Jersey:
+Summit, Tenafly, Shorthills, etc.
+
+Understand everyone values different aspects of each, but ours would be: ease of daily commute to the city, public schools, access to nature, restaurants / bars, and to a lesser extent walkability (although somewhat the antithesis of the burbs).
+
+Apologies for the open ended nature of the question but that’s partially intentional to potentially capture responses we haven’t even thought of yet!
+
+Disclaimer** I’m not trying to ask random internet strangers where to live. I’m trying to ask random internet strangers for first hand experiences in a part of the world I’m largely only familiar with through research.
+
+Much appreciated to everyone for any guidance / thoughts. Or even just experiences you’ve had in these places.
+
+Thanks!
+Okay so pretty much this is my question in full... i want to own a 100 shares in a company,  and figured why not do it via an option? The company is currently at $34 a share, but i don't mind buying it at $35 since they have a premium of $2.50 per share. 
+
+Could i just sell a put at $35 strike price when the stock itself is $34, then collect the premium as well as keep the 100 shares from the contract?
+My (f35) fiancé (m35) committed suicide two weeks ago. We lived together for years but maintained separate finances. We had no kids and our house, bills, etc are in my name. As far as the house and bills go, everything is taken care of. His family and I want to make sure all his personal bills, credit cards, taxes etc are taken of but we don’t have access to any of his accounts. He did everything online. How do we go about finding out what credit cards, bank accounts, retirement accounts he had? I realize most of this will have to be done by his family because we weren’t technically married yet, but I’d like to have some direction as far next steps are concerned. Any advice on what we/they should do next?
+# TL;DR
+
+* **My hypothesis is that the last 6 trading days (July 9th - July 16th) were almost** ***THE SAME*** **as May 5th - May 12th, which was the setup that was the very beginning of the last bullish movement**
+* The price is being very, very, very heavily manipulated, like wtf....
+* Buy & hodl, so hot right now
+
+# Intro
+
+I am pretty sure that my post will be buried under high-school drama shit and other forum sliding stuff but I'm going to give it a shot anyway.
+
+So I've been playing around with some numbers in Google Spreadsheets trying to investigate the 60D cycle theory based on how similar the drops and consecutive days were after **March 15th** and **June 10th** (these days were nearly identical and the following days showed pretty much the same dynamics indicating that we're in the same pattern). My initial hypothesis was pretty much the same as the guy/girl that claimed to *broke the shorting algo* (I would link it here but apparently r/Superstonk automod now blocks links to other GME-related subreddits - why on earth would someone add a rule like this!?) although with all due respect I think it was a massive overstatement and I'd rather stay humble in terms of evaluating my research.
+
+The 60-day cycle hypothesis was holding water for some time but recently it started to fall apart more and more. I was about to drop this topic and move on...
+
+[The 60D pattern hypothesis started off very nicely but started to fall apart recently. \(Blue candles: trading days after June 10th, Gray candles: trading days after March 15th.\)](https://preview.redd.it/3mkfd1op60c71.png?width=1079&format=png&auto=webp&s=d462cec012db02e87b9add8400b04ca2d050c081)
+
+...but then I noticed something else and I was like "**b\*\*ch, no way..."**
+
+​
+
+https://preview.redd.it/4cr0kjqr60c71.png?width=1363&format=png&auto=webp&s=1c74011b631b5c807fdfae2a66a3fb456175d9d3
+
+# My methodology
+
+Yeah so I am not really smart, my statistical skills were never high and on top of that they are now very rusty as I grew old so I am sticking to simple things. For the 60D cycle hypothesis I've been comparing and tracking changes in 8 basic values for each day
+
+* Open price
+* High price
+* Low price
+* Close price
+* Volume
+* Amplitude (difference between high price and low price )
+* Daily % change
+* Intraday change (difference between close price and open price)
+
+For each of these values I've been checking [Pearson correlation coefficient](https://en.wikipedia.org/wiki/Pearson_correlation_coefficient) which is like the most basic and primitive statistical tool ever. It's like a stone and I am like a primate that throws it here and there (but well, my hypothesis is pretty simple so I used simple tools.)
+
+On top of that I've been making simple charts presenting how these values were changing over the days to better see the dynamics.
+
+# Similarities between May 5-12 and July 9-16
+
+The mentioned values for 6 trading days of May 5-12 and July 9-16 look like this:
+
+​
+
+https://preview.redd.it/nidpa7cy60c71.png?width=884&format=png&auto=webp&s=b7b30553493e9035b21ced7690a07ca4acba3dd7
+
+https://preview.redd.it/qmj0b63z60c71.png?width=887&format=png&auto=webp&s=988d515c81ed9892943b18fa40c7ecd22476235a
+
+And the Pearson coefficient for each of the measured values for these periods looked like this:
+
+|Value|Pearson coefficient|
+|:-|:-|
+|Open price|**0.95**|
+|High price|**0.85**|
+|Low price|**0.96**|
+|Close price|**0.91**|
+|Volume|**0.85**|
+|Amplitude|**0.87**|
+|% Change|0.69|
+|Intraday change|**0.85**|
+
+For the apes that don't know how to interpret values of Pearson, [here is some article about that](https://support.minitab.com/en-us/minitab-express/1/help-and-how-to/modeling-statistics/regression/how-to/correlation/interpret-the-results/) but in general, Pearson can range from -1 to 1.
+
+* \-1 means there is perfect negative correlation (A rises exactly as B falls)
+* 0 means there is absolutely no correlation whatsoever between A and B
+* 1 means there is perfect positive correlation (A rises and falls exactly as B)
+
+**So what we have here for May 5-12 and July 9-16 is a very strong correlation of 0.85+ for literally every key value except daily percent change!**
+
+But screw the numbers amirite? [They are for the suits](https://youtu.be/PQBubLv49fk?t=56). Let's take some colorful crayons and draw some lines (Red: July 9-16, Blue: May 5-12)
+
+https://preview.redd.it/oreofjo170c71.png?width=1199&format=png&auto=webp&s=4033a5e0dae1e0a4dc5a893762815d74e8afeadd
+
+https://preview.redd.it/7qr2cpc270c71.png?width=1202&format=png&auto=webp&s=a6b461a598d47b5210db2f065b35b95a00d78a5b
+
+So the changes in price is strikingly similar, it's just 20-30$ higher for July's pattern compared to May. **But look at the volume and amplitude!** They are nearly identical even in terms of absolute values. I don't know about you, I know that we've seen weird things since January but as for me personally, it blew my mind 🤯
+
+# OK, now what?
+
+Well you know what happened after May 5-12? Our sweet, sweet stocky-stock started its wild run to the land of 300$
+
+​
+
+https://preview.redd.it/4deydv1470c71.png?width=1256&format=png&auto=webp&s=065ef14c3b18d3160dd54a2b27ae1f948824f61b
+
+Now let me be perfectly clear, I am not claiming that the rocket takes off on Monday. A lot of other indicators are telling so (MACD, RSI especially out of those that I somewhat understand) but we also still don't know the exact limits of the SHF fuckery.
+
+Regardless of that, holy moly! I am excited for the upcoming week even more that I have been for the couple of previous ones. BRING IT ON! 🚀 🌝  💎 🙌
+
+Disclaimer #1: **This is not a financial advice, I am like seriously stupid and there is a huge chance that my research is worthless**
+
+Disclaimer #2: My username has nothing to do with the movie stock, I don't care about it (except when I compare it's movement to GME) and these are just three random words I used for creating this account 2 years ago
+
+Disclaimer #3: English is not my first language so sorry for mistakes.
+
+\###
+
+**Annotation: I am reposting my own post that is currently in** ***Hot*** **on another GME-related subreddit since originally Superstonk's automod was removing it due to linking DD from another subreddit as a reference. Let me express my personal opinion that this rule for automod is nonsensical and harmful. Apes would like to share knowledge, not divide it!**  
+Update to annotation: apparently it was not the mods\` decision to introduce this rule but reddit admins as I was told in multiple comments. 
+I, like many of you during the euphoric run up in early Jan bought x shares, which turned to xx shares.
+
+I was ecstatic seeing the price rise and my available funds rise.
+
+I could see my credit card debt and mortgage being paid off.
+
+I could see getting a new car for my family.
+
+I could see paying my parent's and my siblings houses paid off.
+
+I could see myself working less than 60 hour weeks and live a little.
+
+**And then robinhood happened...**
+
+It was gut wrenching, seeing the price free fall because of the blatant manipulation occurring before my eyes. We were literally robbed.
+
+I felt helpless. Is this what it's like investing in American markets?
+
+And then I met you guys. The amount of camaraderie and togetherness you guys have shown these past few months has been nothing short of awe inspiring. It makes me so proud to visit these subreddits and read as much as I can when I can.
+
+The DD, the memes, the discussions. It's all been worth it to just be a part of this community, and I'm proud of participating.
+
+However, at a time I'm needed most I can't help and I'm furious.
+
+My xxx shares are held in brokers in the UK that won't allow me to vote.
+
+So please fellow apes in America and elsewhere in the world, please Vote
+
+On behalf of us who don't have the ability to exercise our rights as shareholders 🙏
+
+I can't wait to see you guys on the moon and share the tales of our adventure, which will come to an end soon.
+
+From the bottom of my heart, thank you 😊
+
+Apes together strong 🐒 🖍 🚀 💎
+
+Power to the players 💪 🎮
+
+
+EDIT: I want to apologise to our American brothers/sisters if this post comes across as me blaming you guys for anything, I'm not. In fact I'm extremely grateful for the opportunity to even be involved in something like this.
+
+I know what it's like feeling helpless against a corrupt system. It's just frustrating that I can't help you guys across the pond.
+
+The best I could do was max my ISA allowance this year as soon as I could so my shares are definitely not being lent out.
+
+Peace, love and prosperity! ❤
+
+Hope you're all having a lovely weekend!
+Wanting to hear people from all walks of life opinions - how would you, if given the power, (reasonably and in ways that are logical) fix the current rental and/or home ownership issues such as accessibility, pricing, affordability, etc.
+My husband works in FAANG and now finds himself scheduled for interviews with the CTO, CEO and some senior VPs of a fortune 500 company. Role is technical but he has no idea what to anticipate for an interview at that level. In the couple of back and forths with the hiring manager, the technical expertise expectations have remained the same but there is not much forthcoming in terms of format and all of that. They are going to be on video conferences thanks to CoViD, so there is an added layer of complexity over how to dress and prepare for that. 
+
+ANY advice on interview prep, behavioral questions, things to do or not do, ANYTHING would be appreciated. Thanks!
+Can you see this hearing? They're defending crypto, calling it innovation, saying not all crypto should necessarily be regulated, and a fellow hodler.
+
+Look how they are literally lifting btc from the grave. They are bullish as hell.
+Something that has struck me about the FI movement recently, is the huge amount of effort a sizeable number of people are putting into getting tiny incremental gains and savings, while ignoring arguably the most important component, rate of return. 
+
+As an example, I will use five MSCI indexes, and their annualised return over the last 25 years. The first three of which are representative of the kinds of investments a lot of us here make. These are the MSCI UK, World, USA, USA Quality, and USA Momentum. 
+
+The 10 year annualised standard deviation (a 25 year figure isn’t shown here, but I have linked the 40 year backtest too, which also has comparable std dev), is 15.58%, 13.75%, 13.54%, 12.76% and 13.17%, so all fairly comparable. As for the 25 year annualised returns (which incorporates multiple large bear markets over the period, and a variety of market conditions), they are 5.54%, 7.81%, 10.46%, 12.71% and 14.11%. 
+
+If you invested £1,000/month, increasing said investment with inflation, and assuming 2%/year inflation, for 25 years, you would end up with the following portfolio values in real terms. £470k, £644k, £948k, £1.33m and £1.65m.
+
+I fully understand that discussing how to maximise savings rates is important, where to cut back, how to utilise spending, and so on, but to me at least, it feels like a lot of people don’t put much thought into the index/investment/s they choose. The aforementioned examples are all from the same provider, with comparable volatility, diversification, and within reason, similar fees and accessibility. 
+
+This is just something to think about, and obviously the specific indexes weren’t the crux of the point, but just for the sake of a real world example. 
+
+**TLDR: Returns make a huge difference to your FIRE plans, minute savings don’t, should we be discussing/focussing on the former more?**
+
+**Edit: To be clear, betting on something like an active fund or specific sector, because it has had decent recent returns, won’t necessarily outperform, they suffer a reversion to the mean.**
+
+**That is completely different from factor investing, which is a systematic approach, that has consistently outperformed the market, over 200+ years of US data, as per Fama & French, and a dozen other pieces of literature. Please don’t conflate selection bias, with factor exposure.** [Link ](http://www.cmgwealth.com/wp-content/uploads/2013/07/212-Yrs-of-Price-Momentum-Geczy.pdf) [Link 2](https://rady.ucsd.edu/faculty/directory/valkanov/pub/classes/mfe/docs/fama_french_jfe_1993.pdf) 
+
+[MSCI UK](https://www.msci.com/documents/10199/587e9bae-0a65-49e8-b1c6-bb84cf061441)
+
+[MSCI World](https://www.msci.com/documents/10199/149ed7bc-316e-4b4c-8ea4-43fcb5bd6523)
+
+[MSCI USA](https://www.msci.com/documents/10199/67a768a1-71d0-4bd0-8d7e-f7b53e8d0d9f)
+
+[MSCI USA Quality ](https://www.msci.com/documents/10199/4af921f5-0bbc-470b-ad69-19a177fad9cf)
+
+[MSCI USA Momentum ](https://www.msci.com/documents/10199/f3a22268-affd-478a-b7a7-50dc90fad923)
+
+[Compound Interest and Inflation Calculator  ](https://www.aarp.org/money/investing/investment_return_calculator.html)
+
+[MSCI Factors 40 Year Backtest ](https://www.msci.com/documents/10199/313df136-0da3-46b2-ace0-5c5b737a0989)
+125000 is the current amount of people DRS'ed
+
+If they all just had 300 shares each, there would be nothing left in the DTCC.
+
+Jus saying
+
+We don't need anyone else. The power was always with each one of us.
+
+No SEC, no GG, no DOJ, no nothing
+
+Power to the players
+
+DRS or FUK
+
+Also, if your broker defaults all the insurance will cover is the price you bought the share at - [https://www.reddit.com/r/Superstonk/comments/ti2t1j/stockbroker\_liquidation\_is\_moass\_a\_bankruptcy/i1btleb/](https://www.reddit.com/r/Superstonk/comments/ti2t1j/stockbroker_liquidation_is_moass_a_bankruptcy/i1btleb/)
+
+
+
+
+PS: I am not telling anyone to buy more shares. Just trying to illustrate how achievable this is. Even with the last reported number of registered owners.
+
+
+
+EDIT: This post has 3K views, 57% upvote rate & sitting at 4 upvotes. Must have touched a nerve. Ooof
+
+EDIT2: For the people with concerns on the $214K limit, read up on NBBO. It is what GG always keep talking about. BeSt ExeCuTiON
+
+https://www.reddit.com/r/Superstonk/comments/tb25cp/clearing_up_computershare_sell_limit_fud/
+I've been utilizing Zerodha for the past year and am now considering diversifying my investments by investing into the US Stock Market. I am currently deliberating between creating an *Upstox* account or using one of those App intermediaries like *Vested, Groww*, or *INDMoney*. Anyone here have experience using these? Which one is the smarter option?
+Is this the bloodbath the prophecies foretold? 
+
+Is it going to get worse or better?
+
+Opportunity to buy or time to sell?
+
+Did OJ do anything wrong?
+
+Discuss
+​
+
+[YTD](https://preview.redd.it/c3svoe0u2p091.jpg?width=1170&format=pjpg&auto=webp&s=f2ed248b2b272adc7cd0b0437470f51b03a08b6a)
+
+​
+
+[All Time P&L](https://preview.redd.it/22huvdye5p091.jpg?width=1170&format=pjpg&auto=webp&s=3bcdb703e74242ea7da8fe856532d558b6f6207b)
+
+Been in a slump. I understand the market has been in a downtrend. I've been trading full-time for over 2 years now. I've made great progress, but man.... I cannot find my rhythm. I study every night, I go over my losing trades to figure out where and what I'm doing wrong. I go over and try to sharpen my skills on my winning trades and fine tune it more and more. I'm constantly watching YouTube videos, reading posts on here, talking to other traders, etc. I just feel like I'm becoming a worse trader somehow. It's getting to the point where I feel the need to write this post because I honestly don't know what else to do.
+
+​
+
+I'll have a good couple of days in a row with my strategies, then I'll have a span of days or even weeks where I can NOT for the life of me have a winning trade. My problem in the past was that I didn't cut losers quick enough and I have huge losses that set me back a lot. I've tried to combat this with setting physical (instead of mental) stop losses. Mental stop losses allow me to be emotional. However, my stop losses always seem to hit... no matter how close, no matter how far.
+
+​
+
+I try to hold winning trades, because I always seem to sell too soon before the ACTUAL run up. I sell for pennies, while the trade is actually on it's way to dollars in the money... but when I hold winning trades, it ultimately ends up working against me and I lose a decent amount of money. When I don't hold trades, I take smallll profits... and then it ends up running.
+
+​
+
+There's so much more to it. I could talk forever about trading and the stock market and my journey in general. Sorry if this post is somewhat scrambled and incoherent. My mind is just lost at this point. I can answer any questions anyone has. I'd really appreciate some feedback, suggestions, etc. Thanks guys.
+Median household income is £30k (source ONS, 2021). 
+[ONS](https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/bulletins/householddisposableincomeandinequality/financialyear2020)
+
+Average UK house price: £256k (source [UK Gov data](https://www.gov.uk/government/news/uk-house-price-index-for-march-2021))
+
+That implies a housing multiple of 8.5x gross income. 
+
+Assuming the average household has 20% equity (I think I’m being generous here), then that means c. £200k in mortgage debt = 6.6x multiple. 
+
+I remember hearing as a teenager (I’m 37 now) that banks would only lend 3x earnings. Surely a 6.6x multiple indicates that house prices are over stretched? 
+
+At a 4x mortgage-to-income multiple, the average house price should only be £120,000 (53% drop!)
+
+A few Qs I’d love thoughts on:
+
+1. Am I simply way off base in my thinking with what a “normal” lending multiple should be? (I couldn’t find historical data going back decades for a baseline). 
+
+2. Even if my thinking is correct - are house prices likely to even fall? After all, would the govt be likely step in?
+
+3. Putting aside theory…how do people make ends meet with such steep debt profiles?
+
+4. Are these home prices forcing an entire generation into a debt-trap & contributing to the twin-effect of lower standards of living (eg as people are forced into ever smaller housing due to exorbitant prices) + increased wealth inequality in the UK?
+
+5. New thought: Forget affordability…if one were to look at re-build costs, there’s no way an average home including cost of land could be built for £120k today and therefore, higher home prices are intrinsically justified. People (including myself) simply have to accept the new-normal and stop being nerds?
+Hi all,
+
+I'm curious if any of you have even experimented with HMMs? If so, how did you try to use them? Did you ever get something to production? Do you purely use HMMs for regime detection, or something else?
+
+I'd also be super curious to hear about any types of inputs you used (if you're willing to share).
+
+Any interesting observations or insights when trying to use them?
+
+I haven't found a huge number of resources on these, so wanted to start a little discussion.
+Hi Asx Bets!
+
+I'm ShadowedMan1942, I've been watching DW8 since it started falling, thinking it might turn around and hit a point where it could be a good purchase. Being a CPA, I took a dive down, past the Profit and Loss, the Balance Dheet and the Statement of cash (out)Flows into the juicy notes to see what the purchased businesses contributed to DW8.
+
+What I found was interesting and requires understanding of what Goodwill is.
+
+Goodwill is an intangible asset (not tied to something real.) it is brought onto the balance sheet because the business paid more than the assets are worth, and this balances out the price paid.
+
+This is normal, a successfully running business is hard to set up and you expect to be paid a premium due to this. What seems odd though, is paying 166-710 times the amount of the net identifiable assets.
+
+​
+
+[Wine Delivery - 710 times higher than Net Identifiable assets](https://preview.redd.it/vih93hro6rk81.png?width=678&format=png&auto=webp&s=14c99ab99a362b2d0cb8c4c819c6246f89ca5963)
+
+First up it looks like DW8 is buying customers, the Balance Sheet purchased, close to worthless, but on the right side of that number. From a glance, they have a positive Current and non current asset to liability ratio. if the business was profitable, I wouldn't be expecting cashflow concerns and they would be off to the races.
+
+Given the low price I'd let this one go if it got DW8 significant numbers of customers. Sadly the number or magnitude of the increase from the purchase hasn't been disclosed and this aquisition has had issues causing them to recognise a $1.2 million loss from this deal.
+
+​
+
+[Parton Wine Distribution - Possibly paying $747k for the priveledge of 4.7million in net liabilities.](https://preview.redd.it/2mxzqjxi6rk81.png?width=686&format=png&auto=webp&s=d77fd6d1b5cf81ec193ccff05a738ebb2607b29f)
+
+Hailed as a industry leading company, DW8 purchased this for a contingent consideration (an amount that DW8 May have to pay if Parton Performs.) Not bad if the 225 customers it brings with it are able to help the business scale and whether DW8 can cross sell these services to existing ones. 
+
+Trouble is, thier balance sheet suggests this hasn't been the case.
+
+Current liabilities, (amounts owed to people that need to be paid in the next 12 months) vastly outstripping current assets. 
+
+Property plant and equipment leveraged to the hilt. 
+
+Big hefty payroll. (over 100 staff.)
+
+What I see here instead of a industry leading company, is a company in trouble, tettering on insolvency.
+
+​
+
+[Kaddy - only paid 166.5 times the net identifiable assets.](https://preview.redd.it/277sykjb6rk81.png?width=650&format=png&auto=webp&s=f19ec2d02b742fc99f231977729184dec0c245e5)
+
+Ah Kaddy, Close to the wire again, perhaps a diamond in the rough. Another business with a good amount of liquidity, Some concerns over the long term,(9,919 in non current assets but 501007 in non current liabilities) but nothing that consistent profitability on the bottom line won't fix.  
+
+
+Kaddy adds around 2,000 customers and 450 suppliers, increasing DW8's target market outside of Wine and adds different alcholic beverages to the mix. at $11,387 per customer, I hope they like drinking.   
+
+
+$30,473,715 in good will purchases ($29,512,903 after impairment and amortisation.) These combinations and the ongoing costs from them have significantly contributed to skewing of the figures to the point that per share, the business has -0.2c in tangible assets, down from 0.6c. (share dilution is a whole other topic.)
+
+This has, in effect, been putin the business in a position where they owe more than the business has in tangible assets. Risky.
+
+Are these savvy business purchases during covid to get companies on the cheap or CEO gaming his Key performance metrics for personal gain? I want to know what you think.
+Recently I tightened stop losses for one of my tests - from maybe 0.25% - 0.5% to fractions of a percent. It actually seems to have really improved drawdowns. 
+
+As context, I basically trade with high leverage (over 5x) on a very short time frame (minutes or seconds) and I was getting horrible draws from a few points of fluctuation. Now it seems that I can actually continuously enter and exit trades until it is a confirmed or failed trend that was spotted. With the magnitude of leverage, exchange fees are ignored in this situation. 
+
+Does anyone use very tight stop losses? In my opinion, if the trend isn’t right or my algorithm isn’t correct, it should be dumped asap. 
+
+Appreciate your thoughts!
+You guys wana see some shit... Ill take you on a lil trip... This is not financial advise - I smoke a bong - 
+
+The next crash is going to be so big, that they actually need to have the American People, and people off the world bag hold all this shit... If the people dont bag hold, there wont be anything left. Years of fake money printing, fake money supply, is coming to an end. These old fucks really ran it hard for 40 years and at the expense of everyone else. But markets always crash, they just do. 
+
+There is not 1, not 1 major Financial Services Firm that has a bearish sentiment on things. Not 1. So for the record, I think its clear they do not have clients best interest, and actually have everyone holding the same shit. Everyone owns a basked of etfs and mutual funds, that are all the same. (aint no one got that GME) 
+
+Inflation 6.2% reported, the RRP is stilll at $1.45 trillion, people are quitting work at a record pace, crytpo coins making billions of percent... Houses are not affordable if you have a regular job. Houses are not affordable if you have a great job.
+
+The Government is broke as fuck. LIKE, I wouldn't want to be seen at a cool party with your broke ass USA Gov... And its all fucked... 
+
+[So Nearly $30 Trillion in debt...](https://preview.redd.it/i6bczvhkg8z71.png?width=1370&format=png&auto=webp&s=c042e4118aaaa8bbdab06b8d3d632883411e106c)
+
+Most Apes get this, but the older Boomer (and I apologize for the Stereotype) who own FANG (Remember Jim Kramer invented "FANG") and think they're a Genius holding Amazon and Google, the companies who stole our rights and data, and sold us off to Algos. 
+
+I won't buy a company like Ammamamozon, because its too much consolidation to one company - long term, it would not be able to support enough people - Unlike me, many people don't care if they buy a stock that is bad for the country. Most people are selfish and they are going to get theirs. 
+
+See lets look at SPY..... how greedy are you gonna be? If you were a boomer who made $5million, and retired with $1million - cash the fuck out - 
+
+[Look at 2008 and Look at now... Sorry for the shit graph and that purple line, i like purple... ](https://preview.redd.it/34kvqhd2h8z71.png?width=2244&format=png&auto=webp&s=d121be9db9660c04ac2d28ed331b8fe45962839e)
+
+How much further can this market go? 
+
+So im not trying to be a fancy TA post... Im not a TA Expert by any means (full disclosure)
+
+[When I zoom in, It appears it broke the channel and it looks broken for now.](https://preview.redd.it/bx57e96nh8z71.png?width=1984&format=png&auto=webp&s=df832d8920a8067393bc49db8f4f5bdf0acb95c1)
+
+[Top Ten Holdings are over 27% of the S&P 500](https://preview.redd.it/onjgsz4vh8z71.png?width=1846&format=png&auto=webp&s=7fd37aaa028afdca005c2f6724362cfb94aaa34c)
+
+So when this market falls, there is massive "concentration risk" because if any of these large tech stocks get smoked, it will bring the entire market down which is why --------- these mofos are selling like crazy... 
+
+This mother fucker bezos is the best one - because when this market crashes - Amazon could easily drop 70% - if you dont believe me go and look at standard deviation of individual stocks during crashes - hes gonna lose like $150bn - hes selling like a mother fucker lol... 
+
+[Just the last few weeks, I don't care to show more\/go there more but the link is below. ](https://preview.redd.it/9zaqzubvi8z71.png?width=1966&format=png&auto=webp&s=2da4ba22c50c45f7383590646f8cf55d73572243)
+
+[https://finviz.com/quote.ashx?t=AMZN](https://finviz.com/quote.ashx?t=AMZN)=
+
+[Mark Zuckerberg rebranded FB META, and has CNBC pump it so he can sell his shares to old people at all time highs... ](https://preview.redd.it/ebz8jtb7j8z71.png?width=2194&format=png&auto=webp&s=742148b4803fc3026a943ca166f2d8ee4b9ab155)
+
+[Shilling Facebook while Mark is offloading Billions before the crash... ](https://preview.redd.it/i9db3tikj8z71.png?width=1336&format=png&auto=webp&s=73ae1de24854252467b3a07e851a06c8d9c98585)
+
+[https://www.reuters.com/world/china/chinas-factory-gate-inflation-hits-26-year-high-2021-11-10/](https://www.reuters.com/world/china/chinas-factory-gate-inflation-hits-26-year-high-2021-11-10/)
+
+"BEIJING, Nov 10 (Reuters) - China's factory gate inflation hit a 26-year high in October as coal prices soared amid a power crunch in the country's industrial heartland, further squeezing profit margins for producers and heightening stagflation concerns.
+
+The producer price index (PPI) climbed 13.5% from a year earlier, faster than the 10.7% rise in September, the National Bureau of Statistics (NBS) said in a statement."
+
+Inflation in China is 10 and 13.5% - WTF?
+
+[I BELIEVE CHINA HAS A MORE ACCURATE count than USA - Fuck me - ](https://preview.redd.it/s14vmyktk8z71.png?width=1492&format=png&auto=webp&s=fce64ae6238b80aa6bd7c8900afd8838c9377b3c)
+
+But 28% of the worlds goods are gonna go up 13.5% - 
+
+But at no point did any firm stop and say - lets ease up - the don't they cant - the American People have to bag hold this crash or there wont be anything less. Im not happy about it. Im getting nervous - 
+
+But this is why we have a crash coming \^ 
+
+**The Media, Banks and Financial Institutions are lying to their clients about the true state of things - there is not one major financial services firm with a bearish view on things - astonishing!**
+Disclaimer: We do not know when the squeeze will happen. Anyone that says otherwise is lying. You can estimate, speculate - but that’s all you’re doing: estimating & speculating. 
+
+With that out of the way.. when the squeeze **DOES** happen, it is important that you follow the following steps (had I followed these in the past, I’d have had a much pleasant relationship with the stock market 💦). 
+
+1. You check your phone, page, trading app and see that GME is going up rapidly. +500, +600 and even though it takes a few dips every now and then, it’s the squeeze, you know it in your bones.
+
+2. Normally, you’d jump on Reddit to celebrate with your fellow shareholders and see what they have to say about all this. Ring up a friend or a family member who know that you’re the proud owner of GME stock. You’d laugh, lash out in excitement and possible shout "I AM JACKED TO THE TITS" while everyone around you assumes you’re retarded. **BUT**
+
+3. Instead what you’re going to do is set your phone / laptop aside and stand up. Walk around your house, garden, university, wherever the fuck you are. Take 5-10 minutes for yourself. Away from the stock, away from your fellow apes. Let the realization sink in: the squeeze is happening. Diamond Hände. Tendies. Holy moly. Das ist der Weg. 
+
+4. It’s important that you avoid thinking negative thoughts. Don’t think about how hedgies may have a trick up their sleeve that they’ll use to fuck everyone. Because they don’t. If they had, they’d have already used it. It’s inevitable that they lose. They already have. We shouldn’t underestimate our opponent, but we shouldn’t neglect the facts. Take these 5-10 minutes to think positive thoughts. Think about you, your loved ones and your fellow apes. Go over your strategy one more time, make any adjustments you want. 
+
+5. After 10 min pass? Hop on Reddit and celebrate with your fellow investors. People will have calmed down by then. Do not let anyone’s opinion influence yours. Do not let the FUD get to you. As I said earlier. During the squeeze? WE SET THE PRICE. We have the leverage. 
+
+**Why is this important?**
+
+Because when the squeeze happens and you see that overwhelmingly huge green percentage on your account, you’re vulnerable. Tempted. Impulsive. Even though you know it’ll keep mooning, you MAY do something you regret later. Regardless of your exit strategy (don’t know what that is), regardless of what your personal opinion about all this is, not much will change in the first 5-10 minutes of the squeeze. The price will only keep going up.
+
+It’s important for your mental health and proper decision making to take these 5-10 minutes off and clear your mind. To show composure and true strength of character. Do not let the money control you. Do not let the circumstances control you.
+
+This historic event has taught us many things, one of them being the following:
+
+***When we stand together, we are strong. And no matter how rigged the system may be, we are in charge of our own lives. We can seize control and fight back, even if the odds are stacked against us.***
+
+You doing something as simple as taking a 5 min break when the squeeze happens is proof that you’ve matured & have total control over your emotions and actions.
+
+Stay safe, apes. 
+
+I love you all. 
+
+**THE SQUEEZE WILL TAKE DAYS. THERE WILL BE TRADING HALTS. DIPS. FUD. SHILLS. BY SHOWING RESTRAIN AND COMPOSURE AT THE PEAK OF YOUR EXCITEMENT (you’ve been waiting for this moment for months), YOU’LL BE ABLE TO OVERCOME THIS OBSTACLES WITH EASE.**
+Holy shit if i have to listen to one more smartass talk out their ass about how Cellar boxing doesn't apply to GME i'll prob stick a banana in my ass or something. Cellar boxing DD was a big deal for 2 reasons. Not only did it provide confirmation of a potential check mate. it was also confirmation of the months of DD and a momentary glimpse into an alternate universe.  I can't believe I have to explain it to you ppl, you mostly being youtube and twitter grifters trying to get famous from this.
+
+Maybe it's just me but when I read that DD I saw a world where GME was buried alive in that cellar. I thought about the other companies, Sears, Toys R Us, Cancer research companies, all buried alive. The stress this caused the management. The entrepreneurs. The builders trying to make meaningful contributions to society. This is what they (SHF) tried to do. This is what they want. If that doesn't piss you the fck off then idk what to say to you.
+
+The really exciting part was the discussions about direct registering shares. If the thesis here is right and superstonk owns a lot of shares. If these shares start getting direct registering, that's game over. Forget NFTs, forget roll over dates. So long just watching dates. There were discussions in that thread about a move you could make as an individual about how you held your shares. How this could result in guaranteed protection from shares being lent and stop the ball juggling that's keeping the other side alive.
+
+How do you read that DD and miss all the above? I've read way too many comments and threads trying to downplay the above. Anyway, I know it's not everyone, just had to get that out of my system.
+
+​
+
+​
+
+I also want to be clear that none of the above is financial or investment advice. It's my personal understanding of a theoretical discussion and I'm sharing it with you for the purposes of entertainment. Please do your own due diligence and reach your own conclusion on what the best decision is for yourself.
+Really hard to find deals these days as we all know. Curious if everyone is just sitting on cash right now, buying out-of-state properties, or are still able to find good deals in where you live in CA (bay area, LA, etc.)
+We started building a new home in October. It’s almost finished and our closing day is May 6th. 
+
+I just got laid off this morning. Does anyone have any advice on what we can do? Would it be possible to have a job offer before closing day and that be enough to close?
+I feel like I’m definitely missing something here. Say $6000 is put into my 401k each year, which includes employer match. In 37 years that’s $220,000. 
+
+I don’t see how that’s enough money to retire with, especially since it’s money that’s currently being taken from my paycheck, even if it’s pretax. 
+
+What am I missing? The free money from the employee match is great, but that can’t be the only benefit of a 401k, could it?
+[https://finance.yahoo.com/news/gamestop-investors-speculate-meme-stock-203707260.html](https://finance.yahoo.com/news/gamestop-investors-speculate-meme-stock-203707260.html)
+
+**Gerelyn Terzo**  Wed, July 14, 2021, 4:37 PM
+
+**In this article:**
+
+* [**GME**](https://finance.yahoo.com/quote/GME?p=GME)\-6.91%
+
+Meme-stock and cryptocurrency investors alike are [speculating](https://twitter.com/search?q=gamestop%20nft&src=typed_query) on Twitter about whether today is the day that the company will introduce a non-fungible token, or NFT. Non-fungible tokens are digital assets that integrate some object, such as a piece of artwork, video, or anything that the creator can imagine, including a game apparently.
+
+Based on the source code of a GameStop blockchain contract, July 14 had emerged as the speculative launch date for the NFT. That theory is losing its luster, however, as the clock continues to tick. That doesn’t mean that a GameStop NFT isn’t in the works.
+
+A GameStop NFT [website](https://nft.gamestop.com/) has already been launched, fueling the speculation that the unveiling of the gaming token is not too far behind. Plus the company [recently](https://www.linkedin.com/in/matthew-finestone-cfa-7bb8ba51/?originalSubdomain=ca) brought on Matthew Finestone as head of blockchain.
+
+Investors are anxiously awaiting the details of what the digital token will have to offer and have begun to unpack the coding tied to a cryptocurrency wallet address for clues. Solidity developer and Twitter account u/0xfoobar is reportedly [behind](https://metaversal.banklesshq.com/p/gamestop-nfts) the GameStop blockchain contract and has seemingly been busy building the NFT. The GameStop team has been keeping the details of a gaming NFT close to the vest, but the launch [could be tied](https://twitter.com/rensole/status/1415339327517777922) to the [Ethereum](https://www.fxempire.com/crypto/eth) network upgrade. 
+
+[Source: Twitter](https://preview.redd.it/yibv4fu5cdb71.png?width=705&format=png&auto=webp&s=be74cd9ceb77ecfc0a13729e63e8b19bbadd04e0)
+
+**Gaming and NFTs**
+
+Gaming is a natural fit for NFTs, given that gamers are already accustomed to buying in-game virtual assets like skins, currency and more to up the ante. The most popular NFTs have been known to sell for tens of millions of dollars. A GameStop NFT could generate some excitement both in the blockchain industry and among traditional gamers, which has the potential to spill over into the stock to give it a much-needed jolt.
+
+GameStop, the meme stock that started it all, has seen its value decline by close to 20% in the month of July so far. Year-to-date, shares of GameStop have gained more than 800%. Short interest in the stock hovers at 13.3% and has increased more than 9% in recent days, as per S3 Partners data [cited by CNBC](https://www.cnbc.com/2021/07/14/amc-share-price-cut-in-half-as-reality-sets-in-for-meme-stock-investors.html).
+
+[GME NYSE](https://preview.redd.it/tyv1gxzlcdb71.png?width=705&format=png&auto=webp&s=bf3040a117443ac02139af162b4274b2c40d9e09)
+
+**Meme Stock Malaise**
+
+July is almost halfway over and meme stock investors are licking their wounds after a bout of declines. Based on the activity on Reddit and other social media platforms, retail investors are holding, for the most part, and waiting for their fortunes to turn around. They are also getting tired of seeing red day after day as their strategy to squeeze sophisticated traders hits a bump in the road.
+
+The major meme stocks are still up for the year and have outperformed the broader markets, but they have tumbled in recent weeks. Some are blaming it on the rise of inflation rather than anything company-specific in their favorite stocks. Either way, the bears appear to be in control for the time being as trading volumes weaken and the summer doldrums kick in. It is nothing a GameStop NFT could potentially fix, but when that will become a reality is the question.
+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:
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+
+* 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).
+
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+
+***
+
+Enjoy!
+
+Using a throwaway since I have noticed this is a bit of a hairy subject for some... 
+
+I'm European, entrepreneur early 30s with a NW of about 4m EUR. Of this 4m EUR, 1.5m is in personal name, and I have 2.5m EUR cash sitting in a holding company (sold equity stakes). If I were to take out this 2.5m, I would incur 15% tax on it, so 375k. 
+
+Girlfriend is not from here (she works remotely making \~100k/yr) and we are considering moving away. Not necessarily just for tax, but to have a change of scenery. But not sure if we will ever come back permanently. 
+
+Given we will likely relocate, is it worth basing ourselves in a tax friendly country to liquidate the holding entity without incurring the dividend tax? Usually those countries are sunny and nice, at least for a while. 
+
+The amount for me is a bit in between a “no way" and a "no brainer". I wouldn't go live in a place I hated just to avoid the tax, but there seem to be some nice places with good tax benefits.
+
+Our current country has no exit taxes on individuals leaving nor on entities migrating away holding cash. 
+
+Is there anyone who has done this? Pros / cons? 
+
+PS: I'm aware of the morality of this. But I don't make the laws!
+They wanted the home in collingwood and Fitzroy with the cool cafes. They may have even taken 800k all under fomo. They thought housing will never ever go down. I have multiple friends with homes on the banks dime, 1 year ago they all said housing won’t go down and it’s go more room to rise. It was fomo, greed and people wanted to say “look at my portfolio”. They wanted to own the nice inner city house and were willing to pay insane amounts for it. 
+
+A lot of people are going to get hurt in this and exposed a lot of people to some potentially scary times ahead. 
+Monday, July 26, 2021
+
+MOON $0.2281
+
+DOGE $0.2104
+
+Congratulations everyone. This amazing community containing plankton to whales has done something truly incredible. We will all look back on this day and laugh as the Dogers claiming it will hit $1 with no understanding of tokenomics are crying while we are laughing and shit posting to a better life.
+
+I'm happy I was here with all of you to witness greatness happening.
+
+Edit: If you're wondering how to get moons, make sure to click on your profile pic and activate your vault! Back up your seed and the. Start contributing by posting, commenting, and upvoting to earn moons! They're distributed once a month
+Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows:
+
+***
+
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+
+***
+
+Thank you in advance for your participation. Enjoy!
+
+After reaching FI, many people start optimizing for personal health since this now becomes the limiting factor to quality of life. What are your uncommon tactics for staying healthy?
+
+There’re the common ones: don’t smoke, exercise, eat properly. Get annual physicals with bloodwork, don’t defer seeing the doctor when you notice something strange. Do genetic sequencing to find genetic disease predispositions.
+
+Some context: I’m evaluating some uncommon preventative testing like annual full body scan (Prenuvo MRI) and would be curious if you’ve done this and found it valuable, especially given potential false positive rates for certain cancer
+Hope there are people here, specially senior in tech leadership that can help me with this.
+
+Profile: Single male 36 (correction: 35) in tech -- 5M NW -- 500k income -- annual expense 150k
+
+I won the IPO lottery last year. I have $5M NW already, ~$1.4M annual income and $500k/yr moving forward once I hit stocks cliff in two years. Currently L6 Engineer. (That is one level above senior engineer for non tech fats)
+
+Have been a L6 for 3 years. I am working on a non important project and my team is composed of a few old timers that explicitly declared that they are not motivated to grew in their careers and want to coast. Some of them have close to $10M NW I'd assume. 
+
+I know this is a FIRE community but at 36 years old and 11 years in industry I feel my career is just getting started and I can learn and grow more. I really enjoy the work on complicated software systems. But this company had a massively successful IPO and everyone in my team, my org and even my company is checked out. I don't blame them, they all won the lottery. 
+
+I have golden handcuffs so moving to another company is not a viable option. Moving within the company seems more doable but I might lose this comfortable situation I'm in and ended up miserable for no financial gains or even learning opportunities.
+
+My dilemma is that staying here and not learning much is easier than risking moving to another team. Moving to another team will only give me a chance of learning new things but it's guaranteed that I will not make more money. 
+
+Also, moving to L7 is overall very difficult industry-wide. Should I even try it? At ~$500k/yer L6 is a very comfortable life. I can keep my skills sharp outside of the team by working on projects I like but in reality I'm not doing it because there is no pressure
+Now I know what you are saying. That is ridiculous. An online brokerage with no physical, corporeal form founded in 1999 could not have possibly committed this heinous felony 30 years ago.
+
+But has Questrade ever denied the allegation? Have they ever said, "We didn't rape or murder that innocent gradeschooler"?
+
+I think Questrade's silence on the matter speaks volumes.
+
+edit: Dear Questrade in-house or outside counsel, QT public relations, or whomever else carries QT's (possibly bloody) water: I am specifically referring to the corporation Questrade as possibly being a felonious, no good sexual predator, not any individual human person currently or formerly associated with your employer/client. I don't even know that any human being would consciously choose to trade their labor with such a possibly vampirous entity.
+
+edit2: Does anyone know a florist in Toronto that takes reddit coins as payment? I want to leave an arrangement on her grave to show her that she has not been forgotten. 
+I am a lawyer about to start a job with a 100K salary increase (from 125K to 225K). I’m paying all my current bills with my current salary. I have 25k in savings, no credit card debt, and invested 100k with a financial adviser for retirement. 
+
+I also have 150K in student loans and loan on my condo for 250K (but is worth about 400K) with an interest rate of 3.25%. 
+
+What should I do with my salary increase?
+I’m out of cards today so balance transfers. I have 11k in credit cards and one card with $4,400 on it. I’m going to use that bonus money to pay that card off.
+
+October backtracked because over $2,000 of unexpected things came up. Slowly I’m digging myself out of this hole..
+**Kept**
+
+- National Insurance cut
+- Stamp duty cut
+
+**Scrapped**
+
+- Dividend tax cut
+- Corporation tax cut
+- Income tax cut
+- 45p tax rate abolition
+- Alcohol duty cuts
+- IR35 changes
+- VAT-free shopping for tourists
+
+The energy cap will only continue until April 2023 (six months, rather than the two years original promised), and in the meantime there will be a "review" on how to support people.
+
+---
+
+Note that this list is based on what he explicitly stated - there are lots of other policies in the previous budget that didn't get a mention. These are *presumably* staying, but we won't know for sure until the budget at the end of the month.
+Health investor Steve Kraus is not surprised that Amazon is considering a push into the pharmacy market.
+He sees huge opportunities for Amazon to compete with the biggest pharmacies.
+Kraus says Amazon should go full throttle, rather than carve out one slice of the market.
+https://www.binance.com/en/assets-proof
+
+screenshot: https://i.redd.it/i6fdch8e35z91.png
+
+Bitcoin Cash
+BCH
+Bitcoin Cash
+Proof of Assets
+451,920 BCH
+qre24q38ghy6k3p...8hqmxmqqn28z85p
+BCH
+
+Wrapped Token
+9,713 BCH
+
+BEP2
+150,286 BCH
+
+
+Cold wallet backing: https://www.blockchain.com/bch/address/qre24q38ghy6k3pegpyvtxahu8q8hqmxmqqn28z85p
+
+Final Balance: 112,615
+
+they fucked up on listing it for BCH.
+
+They listed their liabilities instead of the actual balance on their cold wallet. (they were not supposed to list their liabilities)
+
+They claim there are over 450,000 BCH in their cold wallet but if you look on chain yourself you find it's only a 100K.
+
+Where does the 450,000 BCH number come from? Most likely they accidently gave away their BCH liabilities.
+
+If you still keep your BCH on Binance after knowing this ... there is no hope for you.
+
+Their cold wallet balance does not even cover the amount of Binance Pegged BCH they have on BSC - 160k + BCH.
+
+Credit to u/i_have_chosen_a_name
+
+Edit: spelling
+Thinking about what might be good investments for the years to come, green energy type companies are good examples but could UK air con be the next big thing?
+
+- Climate Change is making temperatures hotter
+
+- New ATH temps every summer
+
+- No legal ‘too hot’ temps, but legal ‘too cold’ ones. This will probably get changed.
+
+- Raidiators are standard in every home, air con is in other countries.
+
+- New green energy boiler scheme goes to show that installing new devices in every home will not be ridiculous.
+
+- Everyone wants air con.
+
+- Potentially we might *need* air con if it gets too hot and people literally get ill or die 
+
+Obviously green energy is a plus/must - thoughts? Companies to watch?
+A guy is reporting a £25K loss due to a screw-up with the McAfee IPO (although i'm not sure if he had that amount of money in the account to lose). He's not the only one today, and there were similar issues upon the launch of Snowflake.
+
+One guy who was mispriced on Snowflake lost money and was told tough luck. I'll be interested to see how today's events unfold.
+
+I know many are fans of the platform but there does appear to be intermittent balls-ups by the company.
+I recently came across this topic, and I have found it extremely valuable, and learned a lot. Wanted to add my story, so people can learn from my mistakes, and get any feedback or advice you have. 
+
+I’m 41, and have a net worth of $8 million. The net worth is comprised of:
+
+-$3.4 million of real estate: Main residence of $2.75 million, work residence in a different city of $0.4 million, and investment property of $0.3 million. All properties owned outright.
+
+-$2 million in brokerage accounts
+
+-$1 million retirement accounts
+
+-$1 million (after-tax) in unvested employer long-term incentive
+
+-$0.5 million (after-tax) in vested employer deferred compensation account
+
+No significant liabilities. 
+
+I’ve always been a saver. I grew up in a lower middle class family in a high cost of living area...the biggest combined income my parents generated in a year was about $60,000, but there were many years total income was substantially lower, particularly after my dad was laid off from his job. My dad, partially by necessity, was always very frugal, and that example, plus not having a lot growing up, instilled the same sense of saving in me. 
+
+I’ve tracked my net worth since my mid 20’s.
+
+26 - $145k
+27 - $225k
+28 - $420k
+29 - $700k
+30 - $1.5 million
+31 - $2.1 million
+32 - $1.4 million (market downturn in 2008)
+33 - $2.5 million
+34 - $4.0 million
+35 - $4.9 million
+36 - $5.9 million
+37 - $6.7 million
+38 - $7.2 million
+39 - $8.3 million
+40 - $10.1 million
+41 - $8.1 million (bad trade discussed below)
+
+I was incredibly lucky to receive a significant amount of financial aid to attend a very expensive liberal arts school, although I graduated with a bunch of student loans. I was also fortunate to find a job in investment banking right out of college. The pay was great, and you work so much that you don’t have enough time to even think about spending money. 
+
+After five years of working for someone, I became a boss, and with that came a substantial increase in pay. I apprenticed with some great bosses, and some of what they taught me rubbed off, and after a few years, I became a leader in the industry in my niche, with pay that regularly exceeded $1 million. With minimal spending, and generally favorable financial markets, this resulted in my net worth increasing by about $1 million annually. 
+
+There are very few old people on Wall Street, and eventually my firm came for me, too, and I got fired a few years ago. Luckily, I was able to transition to a corporate finance job at a Fortune 100 company. While I’m not on the executive leadership team, I am fairly senior, with a compensation package that ranges from $800k to $1.5 million depending on company and business segment performance. 
+
+The downside to the new job is that it requires me to commute to a different city every week, which also requires a work apartment and travel costs. The upside is that it freed me from the stock trading restrictions my previous job imposed. I don’t trade frequently, but through my prior job, I identified opportunities that come up a couple of times each year that can be highly profitable. Not every trade makes money, of course, but over the last few years, investments of $4 million have generated profits of $2 million. 
+
+I was also lucky that my main residence, which I bought for $1.7 million, has appreciated to its current value of $2.75 million. 
+
+Then I decided to be dumb. Earlier this year, I decided I wanted to go to the Super Bowl. I’m certainly no monk in the spending department, as I’ll describe below, but I’d never really spent any money on a splurge. Tickets to the Super Bowl were $16,000, plus the associated travel costs. After I decided to do it, I had second thoughts about spending the money, and the week before the Super Bowl, I decided that I’d feel better if I “earned” the money I was spending. 
+
+As a side note, about this time, I’d gotten nervous about the equity market, and despite the significant capital gains tax I’d incur, I sold essentially all of my equity holdings, something I’d never done before. So I had a giant amount of cash sitting in my brokerage account. How does one potentially earn a lot of money over a couple days through trading? Leveraged volatility ETF’s, of course. 
+
+Now I knew next to nothing about volatility ETFs. That said, given my overall posture on the market at the time, I invested a few hundred thousand dollars into an ETF that would benefit if volatility increased. I got lucky, and on the Friday before the Super Bowl, volatility started to increase, and I closed out the trade, making about $18,000. However, $18,000 in short-term capital gains is only about $9,000 after tax, so that still left me short the total cost of the Super Bowl. 
+
+It’s now mid-day on the Friday before the Super Bowl, and I’m feeling short the remaining $9,000 this trip is going to cost me. Never mind that I have a net worth of $10 million and I’ve done nothing but work for the last 15+ years. I now decide I’m going to reverse the trade, and buy an ETF that increases if volatility goes down. Again, I know basically NOTHING about volatility ETFs. I am extremely educated on certain parts of the market, but volatility ETFs are not in my wheelhouse.
+
+I’d invested about $300,000 on the prior trade, but this time, in my desire to make some quick money, I decided to “invest” $1 million. No one will remember this, but on that Friday, the market started to tank in the afternoon, which increased volatility. So I was very quickly down a couple hundred thousand. I thought...this can’t continue, and proceeded to lose my mind, investing another $1 million in the trade. Before all was said and done, I had $4 million invested in the trade before the end of Friday, and was down a few hundred thousand. 
+
+Relative to the general population, I’m a pretty savvy investor who knows a lot about risk mitigation. There is no other explanation for what I did that day other than I lost my mind. In any event, the market crashed on Monday, and it continued into Tuesday. Because of the leveraged nature of the ETFs, I ended up losing $3.5 million. 
+
+Now, I’m well aware that I am extremely fortunate. As I opened with, even after this event, I have a net worth of $8 million. Losing the money didn’t impact my day to day life at all...I didn’t lose my house, and I didn’t have to cut back on spending. But it definitely had an impact. I don’t think I slept for weeks, and it completely killed my investing confidence. I’ve somewhat come to terms with it today, but I have to admit that I often calculate the passive income I could be generating today if I still had the $3.5 million. 
+
+It’s been a valuable lesson to me. It has reinforced that I need to invest only in what I know and understand, make sure it sized correctly, and that I can’t be afraid to walk away from a loser if it saves me from being a bigger loser. Something to think about if you are heavily invested in the equity market at near all-time highs, or are highly leveraged at historically low interest rates. 
+
+In terms of my current situation and plans...as I mentioned, my income is highly variable from year to year. I save about 40% of after-tax salary, and 100% of my bonus and 100% of my long-term incentive. My annual spending is around $130k after-tax, or $215k pre-tax. About $60k of the spending goes to property taxes and maintenance fees on the main residence and work residence in two very high cost of living areas. 
+
+If I were to retire, after-tax expense expenses would fall to about $110k after eliminating the second residence and work travel costs, or $180k pre-tax. At a 4% return, I’d need a portfolio of $4.6 million, assuming I wasn’t going to eat into the principal. Today, I have about $3.8 million in assets earning a return, which would increase to $4.2 million if I got rid of the work apartment. 
+
+So I’m almost where I need to be. That said, I do enjoy the job (if not the constant commuting), and as my Super Bowl story shows, I still have a problem spending money on non-housing items. (My justification is that housing can be an appreciating asset. Most other spending is not). So my plan is to continue working for the foreseeable future, increasing my net worth and potential passive income during retirement, and re-evaluate again at 45. (I also have the $1 million in unvested employer long-term incentives currently, although this is a never ending treadmill, since I’ll always be walking away from a significant chunk of money). Since I still enjoy the job and don’t have a clear plan for what I’d do if I walked away, I’m good continuing on the same path for now. 
+
+Again, I’ve found this forum extremely valuable, and you’ve put a name to something I’ve been doing for awhile. Appreciate all the discussions and comments you’ve made on other topics. 
+I bought my wife and I business-class tickets to Switzerland for our honeymoon. Alas, the trip was canceled because of the coronavirus. My travel agent got me a refund, but I made the purchase on my credit card. So the money "went back" to my credit card.
+
+
+The credit card now has a -$6500 balance. I guess I should have thought about this when making the purchase, but I really wanted those points.
+
+
+Is there any way I can turn this negative balance into cash so I can throw it back into savings? What is the best course of action here?
+
+
+**EDIT:** I called the bank and got a refund check sent to my home address. It took less than two minutes. Thanks everyone!
+Hi everyone,
+
+I posted about this [yesterday ](https://www.reddit.com/r/personalfinance/comments/9439ff/my_checking_account_was_compromised_and_its/)and didn't get too many responses, although luckily most of my financial issues have been resolved thanks to my mom's help.
+
+A short version of what happened: a 3k+ charge showed as pending in my checking account from my old university (**edit to add:** I didn't recognize at first that it was from my university and thought it was a random fraud as it didn't explicitly state the university name in the ACH debit description, and I graduated in 2016). I filed a fraud claim and my bank is in the process of investigating and closing my checking account. I called the university student accounts division and they have no record of that charge amount anywhere in their records for the past 2 weeks. The charge just appeared in my pending transactions overnight, and looked EXACTLY the same (same name, same origination ID, even the exact same dollar amount) of the tuition payments I made in Oct/Sept of 2015. I never used autopay to pay tuition and manually entered my account and routing numbers for each of the two semesters I paid tuition via e-check in 2015. I never ever authorized that they store my account/routing number.
+
+I'm wondering now about the repercussions of my account and routing number still being on the school's servers, and them debiting my checking account without any warning, authorization, nothing.
+
+I've spoken to the student accounts manager, but it seems the school is on lockdown mode to limit their liability, and they sent me back a very generic response. **Is there anything I can do?** I'm wondering if there was a security breach on their side and while I will be protected as my checking account is being closed, other students may be at risk also. The debit would have been cleared if I hadn't called the fraud department as it apparently raised no red flags.
+
+**Edited to add:** No one at the student accounts office is picking up the phone and I am not getting an email response either.
+
+**Second Edit:** I've just had a long conversation with the school's account manager and someone from their account processing department in the treasury office, and they were actually very kind. Apparently this has happened to many, many students in the past week and they are working hard to track down the error and prevent it from happening again. They've also offered to pay for any fees or anything I'll incur due to having my checking account shut down which is very kind of them. It unfortunately won't help that I can't access $6k of my own money (the $4k in my frozen checking account and the $2k direct deposit that bounced today) for the next two weeks, but they are doing what they can. Special thanks to u/ReallyGene for letting me know that ACH blocks exist!!
+
+**Final edit:** Thanks everyone for your responses, I read through most of them and some had very helpful suggestions moving forward. I**f I had known at first that it was the university making the charge and that it was just a billing error, I would not have initiated a closure of my account due to fraud**. However, I didn't recognize the charge until a few hours later (and combing through transactions from 3 years ago) and even when I did, I talked to the student accounts manager who said 
+
+a) he had never heard of a the description associated with the charge 
+
+b) they had no record of a charge in that amount being processed in the past few month and 
+
+c) that they hadn't accessed my accounts for over 2 years (leading me to think it was truly fraud or a security breach for over 30 hours.)  
+
+The Chase fraud team highly suggested closing my account because they would not be liable to return the funds to me if I kept this account open and this happened again. Thus my checking account is being closed. Currently it looks like all my funds are back, but I will need to visit a branch office to open a new, verified account and transfer said funds. So everything is ok, but moving forward I'll have 2 checking accounts and space out the bill payments over the entire month. Thanks everyone! 
+Perhaps I am naive to the ways of the world, but I thought I’d share my life lesson here for others who might meet the same fate as I.  CHECK YOUR AUTO LOAN!  CHECK YOUR CREDIT SCORE! 
+
+My SO (then BF/now husband) picked out a new (er) car for me once we were engaged.  I’d driven the car my parents got when I was 15 since I was 16.  It was a Sunfire and let’s be real...after 12 years of me driving it and 1 year of my parents driving it...it was time to go.  
+
+I had great credit and qualified easily for a loan and set up payments with the loaning bank for automatic bill pay.  I got the car five years ago and was very excited knowing it would be paid off at the start of this year.  Over the past 5 years since  making the purchase I have gotten married, bought a forever home, had a child, and am pregnant with our second.  I’m pretty on top of things and in charge of finances as my husband is notoriously bad with money.  This January I see the car payment come out and read up on paying off an auto loan.  I learned that sometimes a credit score will drop right after a big loan is paid off, but that it will bounce back within a few months.  
+
+Cue February.  No car payment comes out.  No worries.  I knew we had one or two payments left on the car so I assumed the final payment was made!  Yay!  I checked my credit score on credit karma to find that my score dropped some, but it was to be expected.  I am now over the moon to have completed my first car loan!  
+
+Today I decided to check my score again to see if it had in fact bounced back up.  To my horror I discover my score has fallen an additional 78 points!  I start digging and discover the car loan is claiming I never made the last payment.  After being up all night with anxiety about the situation I get in contact with the bank this morning.  It turns out that this bank ONLY accepts the final payment via phone or mail even with auto bill pay set up.  This bank also will not let you set up online banking with them unless you also open a checking account with them.  A loan account alone will not suffice.  
+
+So the moral of the story is that despite being extremely financially responsible and doing everything I thought I should be doing - shit happens I guess.  Make sure your final loan payment meets all the requirements of the bank and do not assume that auto bill pay ensures that your bill is paid.  
+
+Side note: this bank also does not send paper OR email OR phone notices when a payment is missed.  So despite 5 years of on time payments - there was no notification that the final payment did not occur.  It was only checking my credit score that alerted me to the situation.  Had I not checked it I hate to think the outcome given the account was now 90 days late.  So now I’m coming to grips with my “fair” credit score and mostly thankful that I have no major purchases in the near future where my score would be needed.  
+
+TLDR:  make sure your final loan payment does not have to be made via phone or mail.  It turns it that auto bill pay does not necessarily mean that payment is made if the bank has stipulations saying otherwise.
+
+Edit:  Bank is BMO Harris.  It is not local to me.
+
+Edit 2: For those asking - I live in Illinois where it has taken 2 months to get a new drivers license mailed to me.  Where it takes months and months to renew a FOID card despite the only change being that you are a few years older and actually had it updated three years earlier when changing last names.  This was my first car loan and I had no prior knowledge on the timeframe needed to process a legal document given how long everything else in this state takes.  I had decided to reach out or look into it more if I didn’t get anything within the next month or so when all this went down.  I’m feeling rather foolish about the entire thing and hope that sharing can help some others from potentially going down the same path.
+
+UPDATE:  First - thanks for the advice on helping my credit score (as scammy as credit score can be).  I just got the opportunity to sit down and call the bank (rascally two year old needed worn out before a long phone call was possible).  It took some transferring around and initially they were going to have me submit some paperwork for review.  I made sure to ask all the little questions suggested and point out 59 perfect payments previously and the lack of contact from them.  This lead to the credit dispute person speaking to her supervisor.  After she returned to the call she said her supervisor said to go ahead and bypass my submission and that they would submit a retraction with the credit places and that it should be resolved within 14 days.  
+
+I rephrased everything she said they were doing to get a second confirmation I was understanding correctly.  She verified and even said this is a recorded call so she is being completely direct with me and not just telling me what I want to hear.  So hopefully in the next 14 days I will have a title in hand and my credit score will be sparkling again.  Thanks again for everyone who encouraged me to call back and continue to ask to speak with whoever needed to make this go away.
+BABA is tanking and I'm trying to decide whether I should cut my losses and just sell at a loss, do some tax loss harvesting, put that $ elsewhere and call it a day. Or should I be a steely-eyed investor, avoid panic selling, and hang in there?
+
+I'm not thrilled that it's a chinese stock in the first place, and this sub has no shortage of rationale for why that's not advantageous. To summarize: easier to artificially manipulate the price as the gov't sees fit, less stability, less peace of mind for us as investors.
+
+​
+
+Before I even post this, I know the counter-arguments I'll be getting. "This analyst is just n=1 out of many", "analysts shouldn't be trusted because they make recommendations in their own best interests based on their own positions", etc. etc. but I'll post this anyway:
+
+ [Susquehanna](https://www.streetinsider.com/entities/Susquehanna+International+Group+of+Companies) analyst Shyam Patil lowered the price target on Alibaba (NYSE: [BABA](https://www.streetinsider.com/stock_lookup.php?q=BABA)) to $310.00 (from $350.00) while maintaining a Positive rating.
+
+The analyst commented, "We continue to view BABA as the China e-commerce category killer with a large secular growth opportunity ahead despite regulatory and listing concerns. Although consolidated revenue missed slightly, CMR growth of 57% y/y was very healthy, and BABA is seeing improving profitability leverage after lengthy investment periods. BABA remains on track for its strong guide of 30%+ y/y revenue growth in F2022, demonstrating sustainable execution."
+
+​
+
+Anyway, what are your thoughts on BABA?
+
+My position is about $10k and I'm currently at \~38% loss.
+When I go a currency exchange booth at the airport, they will invariably have a large selection of currencies. Where do they get this supply of currencies from?
+
+Is there usually a government agency responsible for the supply of foreign currency to banks and currency exchange businesses?
+
+(Note: explanations need not be specific to the US. I'm also interested in other countries)
+I am really enjoying reading and learning about economics, but I find it tough to say succinctly why this field is so interesting and important, so im curious what you guys have to say
+I've been lurking on here for a while, and doing background research alongside this concerning investing through S&S ISA's, etc...
+
+The problem is, even the 'simple' guides for beginners are still full of Jargon & references that mean nothing to someone completely fresh to this.
+
+Its genuinely putting me off investing, because I feel like even after researching I would still be going in completely blind, and just following the pack.
+
+Anyone else feel like this? Or can anyone point me in the direction of some real basic beginner information?
+"Owners reeled in 1 to 4.3 percent more for similar properties than  agents did, depending on the market. And that’s before you consider that  owners also are saving up to 3 percent by not paying a commission to a  listing agent."
+
+[https://www.washingtonpost.com/business/2022/12/02/best-states-to-live/](https://www.washingtonpost.com/business/2022/12/02/best-states-to-live/)
+
+**You have to scroll down past the first story to the part where they compare sale-by-owner and sale-by-agent, but it's interesting**
+Hi,
+
+My wife and I are aiming to buy a house 9 to 10 years from now. We are in our mid-twenties.
+
+We have a comfortable emergency fund and we do not have any debt. We both maxed out our Roth IRAs this year.
+
+We have money sitting around that we are not sure where to invest. If our aim is to specifically buy a house, where should we invest? Should we max out our 401(K)? Should we open a taxable account? Are there any other options?
+
+Thanks you in advance.
+I work in a tech space and mainly handle people and talent acquisition. Because of the labor shortage and strong hiring demand across the market, my role has seen a massive increase in pay. 
+
+I love the company that I work for now. The work life balance is amazing and the culture is fantastic. But I am always open to having conversations about a new role if the numbers make sense and the interviews go well. I just finished final round interviews with this company and they verbally offered me over a 100% raise. I was shocked. 
+
+My wife and I are about to have kids in the next year and we bought a house about a year ago. We a have a little bad debt ($25k in CC debt) + a car loan but it’s “manageable” at this point. But with this new role we could wipe out all debt in 6-9 months. Then we could start a family debt free with equity in our home. It seriously seems like a game changer. 
+
+My problem is I love the company where I work and I am slated to be promoted in a few months. The pay increase wouldn’t be close to my new offer but I also want to take into account the importance of the relationships I have built at my existing company. What seems like the more sensible thing to do? Sorry if this seems like a silly question but I have never been in a situation like this. Kind regards.
+Basically title. 
+
+I saw a bunch of comments saying "everyone register". 
+I think that is quite counterproductive. If you are a creator, sure, sign up. But if we want this NFT platform to take off GameStop needs some artists and creators.. and "serious memers". 
+
+To be fully honest: I did register cause I am doing 3D art, if its good enough is for the people at GS to decide.
+
+Anyhow, be ready, buy shares, DRS, see you on the moon
+
+Edit: if you create any original, quality content, apply! 
+
+Edit2: this is not a General nft platform registration, its the registration for the first few curated creators. Like many other nft platforms started. If you do not have any content to mint/sell there is no reason for submitting. We will all get access to the platform and be able to buy, resell and eventually mint
+In the United States 🇺🇸 today a family tradition like no other will take place.  People will drink way to much, families will like each other at first then deep divisions will show themselves and the meal might get tense.  During these conversations did you bring up crypto currency?  Was anything outrageous said by your drunk Uncle Sam?  Did aunt sally say crypto was for fools?  I am sure many of you have great stories. 
+
+Please share your your best story. I need entertainment.  I am in Covid 19 he’ll and can’t leave the house. 
+
+Happy thanksgiving all have a safe and happy holiday!  
+
+Remember a rising tides lifts all boats.
+Great News.
+
+Microsoft’s $MSFT new dividend is 62 cents a share, an 11% increase from the previous quarter’s dividend. The dividend is payable on Dec. 9 to shareholders of record as of Nov. 18. The ex-dividend date will be Nov. 17, the company said.
+
+The company’s board also greenlit a new stock buyback plan of up to $60 billion.
+Reading this sub, it is pretty easy to see all the great things that generating wealth can do for you. Better houses, cars, vacations etc.. But I think sometimes the sacrifices to get there or the general negatives of having piles of money escape these discussions. So to reiterate, what have been your negatives, and would you have done anything differently in order to avoid them?
+The bubble will burst my apes, but with style.  
+Once we squeeze gme to the moon, and the others like AMC, it will be the biggest squeeze of all time and with multiple stonks we like. But I believe, that this is rigged af. So rigged that it's going to happen when the bubble is the biggest. And they will blame it on us. 
+
+I can see the future news: reddit apes responsible for stockmarket crash  
+And there will be lots of propaganda and probably some changes to the stonkmarket.
+
+We are retailers, apes together strong. But we have no power to crash a stonkmarket, or do we?
+I feel like a lot of people have somewhat decent jobs when seeking FIRE. My job is like getting stung by a nest of bees to collect whatever remaining honey is left after the bears pillaged it. 
+
+An ideal job would be to not have bees sting me. But an ideal job is no job at all, for me at least. Having a set schedule is somewhat of a cruelty. 
+
+I will quit my jobs to just not do anything now and then. And the difference is immediate. 
+
+When working, I have 2 hours of quality time if I am lucky and if I had a "good" day. Some bad days are so draining I cannot process anything. Even something basic like eating. 
+
+So how can you save for retirement if building a life you want is a life without mandatory work? It seems like you have to "FIRE" before FIRE-ing. Anyone else struggle with this concept?
+ 
+
+    
+https://imgur.com/Hu8Lv0e 
+
+Warren Buffett's Berkshire Hathaway invested at least $3.5 billion in HP earlier this year, paying at least $34 per share. As of today, HP's stock is trading at around $26 per share, representing a discount of over 20% compared to the price Berkshire paid. This could be seen as an opportunity for investors to potentially purchase the stock at a lower price than what Berkshire paid.
+
+HP Inc. is a global technology company that offers a range of personal computing and printing products, as well as related services. Its main business segments are Personal Systems and Printing. In 2022, HP generated $63 billion in revenue, with 70% coming from its Personal Systems segment and 30% coming from its Printing segment (The company's margins in Personal Systems are 6.6%, while in Printing, they are 19.3%.). When we look at the company's revenue and non-GAAP earnings, we can see that while revenue has been relatively flat over the past two years, earnings per share have increased by 37%. This is largely due to the company's buyback program, which has reduced the number of outstanding shares and increased the earnings per share.
+
+Now let's take a look at why Warren Buffett invested in HP. I believe it's not because the company is going to come up with the next groundbreaking printer that will disrupt the whole sector, but rather because of the management team's decisions about capital allocation. 
+
+When we look at HP's capital allocation strategies, it's clear that the company has been focused on buybacks and dividends. **In the last 13 years, the company has bought back 60% of its outstanding shares, with a buyback rate of almost 14% in each of the last two years. On top of that, the company's current dividend yield is almost 4%.** In 2022, while HP's free cash flow was $3.9 billion, the company returned $5.3 billion, that was mostly thanks to debt and debt is actually going up as well.
+
+   
+https://imgur.com/aX2804p 
+
+I also made a video on this topic, if anyone is interested : [https://youtu.be/xPN4SA1pp90](https://youtu.be/xPN4SA1pp90)
+
+So what do you think?
+I checked out [this recent video](https://www.youtube.com/watch?v=bEQbpmqyVEk) out hoping that it would shed some light on how someone could be financially stable and growing their wealth *outside of the current week-to-week survival lifestyle.* Instead, it highlights a 32 year old waitress who makes $50-55k waitressing and $5k dancing who has no retirement savings with no plan to, shares a place with two roommates, has $5k in savings with what seems like no idea that she is losing more and more potential wealth every day of her life.
+
+Now, don't get me wrong, people can and should live however they damn well please, but I was saddened that CNBC was selling *this* to millennials as a way of life instead of accumulating wealth to say, buy a house or retire before 65 anywhere else but in the middle of Kansas. And kids? Forget about it.
+
+I'm frustrated that this is what my genertaion is reduced to - being happy about being ignorant poor. Thinking it's OK to strive for this woman's lifestyle while thinking "this can't be right, right?" in the back of our minds. All the while, the rich stay richer and the ignorant stay ignorant.
+
+This hit me personally because I grew up blue collar and I know most of my old friends and family would be super happy to see this video, but they'd have no idea what they're missing or why.
+Years ago, as I was first starting on my journey to financial stability, I had a problem with impulsive buying. Not expensive things, but they would add up. So I came up with a rule for myself: I need to **want it** for more than three months before I would buy it.
+
+This worked well, and I have since changed my behavior so much that I don't even need to follow the rule anymore. I can instantly sense when it's an impulsive buy, and when it's something I really believe would improve my life satisfaction.
+
+So, after reading this sub for a while now, I'm curious if you have some similar rules of thumb for yourself. Not necessarily for impulsive buys, but perhaps for other venues of personal finance management. Something we could all learn from?
+If so, please share.
+
+---
+
+EDIT: wow, so many different responses, I can't keep track anymore. thank you for all your feedback. So far I've gotten a lot of good comments.
+
+In a nutshell, these are the best ideas I could find in the feed:
+
+- for every 100 dollars spent do that amount of hours to do the research (100 dollars = 1 hour)
+
+- walk around the store with the item before you buy it, called "walking the item" - this was the funniest one
+
+- use wishlists to defer decision to a later time
+
+- spending in terms of days of retirement (would i rather buy $100 item or retire two days early?)
+
+- thinking in terms of hours worked (I need to work for x amount of hours to buy this. is it worth it?)
+
+- a variation on the above one, where you first deduct your living expenses, what remains you calculate into hourly wage that you *really* have at your disposal and only then consider how many hours you need to work for it
+
+- buying only after running x number of miles (works both for impulse buys and getting yourself in shape)
+
+- the old 'if you can't afford two of those, you can't afford one' was very common and very popular ([a variation on this with a 3x approach](https://www.reddit.com/r/personalfinance/comments/6ktr6u/the_three_month_rule/djq4357/))
+
+- a lot of jokes how you can't do this with food (teasing me about the three month thing)
+
+- and other that said they do that for food as well (obviously not in terms of not eating, but rather in terms of eating certain junk foods they like)
+
+- buy memories, not things
+
+- practicing artificial scarcity. This one is a bit trickier to explain so [I'll let the original comment speak for itself](https://www.reddit.com/r/personalfinance/comments/6ktr6u/the_three_month_rule/djpaw4u/)
+
+- think about the dollar per use ratio. So if it's something you won't use often, how expensive is it? Is it worth it?
+
+- take a picture of the item you want while shopping. at home look at the pictures and do the research. usually you realize you didn't really want it by then
+
+I hoped I would get more that weren't for impulse buys, like I stated above... Other personal finance life hacks, but I'm sure these rules of thumb can be used by others.
+
+Also, my mailbox is full, sorry I can't respond to all of you. I really tried :)
+
+---
+
+EDIT2: I've never had a reddit post reach 6k. I'm strangely proud haha. I don't need much :)
+Yes. Yes it is. There’s an overload of price anchoring, and that’s because the last weapon the hedgies have left,  is setting a ceiling .The price is whatever we choose. We own something they need more than anything. They can only try to get us to think it’s impossible for the price to get so high, get you to worry if you hodl any longer you’ll be broke for life…..  Google “is GME worth millions reddit” and there’s a post from 200+ days ago sayin someone with 220 shares was hoping for $300k -ish profits.  That was then. Now, X holders dream of mansions. Now, we’ve created the infinity pool, made it concrete by registering the pool, and have the appetite like a man stranded at sea. I saw someone say it like this: Each share is a bullet the hedgies can use to kill moass.  This is a one shot opportunity.  The only reason I’ve seen that GME can’t reach millions is that the market cap would be  mind boggling high. That’s just a paper value. Every share won’t be sold for millions. I would only need to sell one share at  60M to create generational wealth. The rest of my shares are just an achievement award for being apart of this.  Volskwagen squeeze began because it was revealed that less than 6% of the float might  be left free floating. There haven’t been any real GME shares left for a long long time, and they’ve just kept shorting. They are so massively fukd, they know these shares can end up being worth millions. There is no limit to how high a short squeeze can go. The only person who can stop moass is you, by selling.  Nobody sells, price goes even higher. It’s that simple. I know this is long as fuck and not well written, dont expect many to read, but enjoyed writing this. Selling ends the  squeeze , remember. Mission end. For me, I like the stock.
+
+
+Edit : also. It seems “selling on the way down” somehow lost traction, but it was one of the original DDs about how these prices will be reached. If  everyone plans on selling on the way down , there will be no way down.
+For example, Sofi is trading around 14.30. I could buy 100 shares for 1,430. Or I could sell a slightly ITM put at 14.50 for end of this week, and premium would make the cost basis 13.79 instead of 14.30. 
+
+Is there a catch other than the stock going above 14.50 and I don't get assigned?
+AVG Purchase Price is: $26.41
+
+Currently Selling $31+ Calls a week out and roughly pick up $1000-$2000 a week
+
+Should I be selling further out - picking up more premium and then buying back at 50%+ Gain
+
+Or is my strategy right now, selling Calls on Friday, buying them back for pennies the NEXT Friday morning and then selling more calls for the next week right around the middle of Stock Market while it’s open
+
+Been doing this Since Options we’re available for RKT
+
+Been working so far and I’m surprised I haven’t been assigned yet
+
+Any better strategies I can do to lower risk?
+
+I’m long term bullish on the stock and don’t mind making less premium by lowering risk
+Unless we have some secrete  millionaires, y’all gotta be pulling extra Wendy’s dumpster duty on the weekend.
+
+
+How in the shit do you guys have enough money to buy $25,000 worth of GME, pay bills, etc?
+
+
+You guys are some incredible motherfuckers, but I suspect some of you don’t have kidneys anymore lmfao.
+found a post about this banksy style NFTs on opensea: [https://opensea.io/accounts/PestService](https://opensea.io/accounts/PestService)  
+The rat logo, charity link, visuals, i mean that could be him.. or not..
+
+Not the first time he pulls that off by the way.
+So I would like to open 2, $500 savings accounts for my kids where I can contribute +/- $100  biweekly. 5 year plan would be perfect cause they will be around the age to drive and have a nice nest for a down-payment for a car. My questions is, should I get a cd, money market account, or something else? Looking for the best way for the money to grow. Thanks in advance!
+>Amazon employees in 20 countries are preparing to strike on Black Friday as part of the "Make Amazon Pay" campaign.   
+>  
+>The campaign includes a coalition of 70 organizations, including Greenpeace, Oxfam, and Amazon Workers International.  
+>  
+>The protests come amid mounting dissent from Amazon employees over working condition and union busting. 
+
+This seems like a one more strike that is going to have no effect on working conditions, stock or anything really. Share what you think.
+I am new to investing, and just started in Jan 2021. I put half of all my savings in the world into SCHG because I thought this was "safe", and only bought a little in stocks (which I was okay with losing). I bought the SCHG at like $135 a share, and have just been watching it plummet the past few days and been feeling sick to my stomach.
+
+I know ETFs are a long-term investment, but I can't help but feel I bought at an all-time high because I keep reading that "tech is overvalued" (I'm not even sure what this means), and that $135 was the ATH and that's just it and it will only continue to go down from here on. I also have a lot in the ARKs, been watching those plummet too.
+
+I'm not sure what is normal and what isn't, how long market corrections last, etc. Just feeling very down the past few days, especially today.
+
+Edit: Thank you all so much for the helpful replies, they made me feel a lot better! Today will be the first day (including even on weekends) since I started investing that I do \*not\* check my portfolio! Thank you all so much :)
+Hey guys,
+
+I am a college student getting a couple million dollar inheritance soon from the death of a grandparent. Anyways, instead of spending items on frivolous material goods, I would love to see more of the world.
+
+Anyone have experience here with the National Geographic expeditions? They seem to have a ton of great options! Any recommendations for similar competitor travel programs?
+
+The idea of having an expert in an area take me around to learn about nature and foreign history really appeals to me (in a more FAT style). I figured I would ask here since a typical sub wouldn't have as many FAT travelers who could give some key insights. I am thinking of doing a couple "journeys" next summer (June, July) for \~10 days at a time. Going solo. Thinking about 5-10k per trip. Entire world beside Europe is fair game (been a fair number of times). Ideas and tips would be greatly appreciated :)
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE)
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+Your markets are run by bots. Now your daily threads are too.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM)
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE)
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE)
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u)
+Hello apes the smoothest of ape brains here. Honestly I'm probably slower than 2 crows, but despite that I stumbled on a potential important find? According to Bloomberg news, the blonds that are set to mature today and pay out monday are "guaranteed bonds" and as such, the grace period is exactly 0 DAYS. In which case on Monday if Evergrande fails to pay out the initial 260 m to Jumbo Fortune Enterprises, that is quite literally it. They are effectively screwed. Now of course the \~1. something billion they raised recently may be for this amongst other guaranteed bonds, but who knows. Need more eyes on this. Here is the link to the article:  [https://www.bnnbloomberg.ca/nervy-markets-await-outcome-for-opaque-bond-tied-to-evergrande-1.1660724](https://www.bnnbloomberg.ca/nervy-markets-await-outcome-for-opaque-bond-tied-to-evergrande-1.1660724) 
+
+As always, dumber than 2 crows. 
+
+[date of maturation \\"oct 3\\"](https://preview.redd.it/jhwojrox4cr71.png?width=831&format=png&auto=webp&s=b4cfca4d9fe9470f1fa2a27e2570c950fdd0e6d1)
+
+​
+
+[no grace period](https://preview.redd.it/6czcm6h55cr71.png?width=767&format=png&auto=webp&s=a972170299e7bf58cd7d05d12e0e0acf7d0eebb2)
+I'm sure this isn't the right sub but it is money related, I am very lost on how to sort my money out.
+
+I'm rounding to keep it simple.
+
+I make 1400 a month, my bills are 1200 a month, I don't know how, I'm fucked, I've tried so many different approaches including trying to find another job, I don't eat the last week of the month so my kids have got food.
+
+My missus isn't able to work because of health issues and looking after the kids so for every extra quid I make they take like 70p off of her benifits so I'd have to have a pretty substantial gain for it to matter.
+
+I've taken pretty much all luxuries away from myself and today I cancelled my Spotify.
+
+Getting rid of the car isn't an option, I can't take a loan out for some reason and even after looking at that I don't think that would really help much. 
+
+I know I'm ranting but I am genuinely lost, Christmas is definitely off the table, I need help.
+Hi All,
+
+Like many other investors, I rapidly became overwhelmed with the uncertainty in the future. Consequently I decided to focus in on what we know now with high probability. Essentially this is assuming all fiscal / monetary policies as currently enacted and consensus estimates on COVID-19 mitigation (i.e. gradual resumption of normal commerce after mid to late Q2). See more detailed assumptions later. 
+
+ 
+
+
+Some facts going into the analysis:
+
+* 2019 saw a ~30% gain in the S&P 500, however corporate earnings were nearly flat. Consequently, the 30% rise in the S&P 500 was due almost entirely to increases in valuation, i.e. stock investors paying more for future earnings
+* The OECD had projected in September 2019 3.0% Global GDP growth and 2.0% for the US. This was already a deceleration of global growth from 3.6% worldwide in 2018 and 2.9% in the US.
+* US Manufacturing, according to the ISM and IHS Markit surveys, weakened through most of 2019 (although showed a slight rebound near the end of year)
+* US Business investment also declined through much of 2019, potentially due to the "trade war" between the China & the US
+* US Consumer spending remained robust throughout 2019, although also appeared to decelerate near the end of 2019 / early 2020. 
+* US households had modestly de-leveraged as a % of GDP since 2008, and the debt servicing costs (due to lower interest rates) were at historic lows at the end of 2019. It’s worth noting the changing composition of household debt, with strong increases in student loan and auto debt while mortgage debt decreased. Housing debt peaked at ~$10 trillion in 2008, compared to slightly less than ~$10 trillion at the end of 2019. However, non-housing debt peaked at ~$2.7 trillion in 2008, while by 2019 non-housing debt stood at $4.2 trillion
+* US Corporate debt stood at record levels as compared to GDP: ~75%. This debt had also deteriorated in ratings with the largest percentage in history rated as slightly above junk (BBB)
+* The US deficit for fiscal year 2019 was estimated at ~$1 trillion pre-COVID
+* The bulk of net inflows from 2016-2019 into US equities have been driven by stock buybacks. Since 2009, companies have spent ~$5 trillion in share buybacks
+
+ 
+
+
+In short, my analysis is that the US economy entered 2020 with modest to low growth prospects. While consumer spending and household debt servicing costs remained bright spots, modest wage gains coupled with high housing, education, and healthcare costs presented a mixed picture. Both business investment and manufacturing activity were subdued, although hopes for a "Phase 1" trade war seemed cause for modest optimism. 
+
+ 
+
+With those facts as background, here are my baked in assumptions for the following analysis:
+
+* The OECD nations + major developing countries (China, etc.) modestly resume normal economic activity in mid to late Q2
+
+* There is no vaccine or "miracle drug" until late 2020 / 2021
+* Stimulus from major central banks globally prevents an immediate financial crisis or severe market distortions (e.g. the corporate credit market seizing up)
+* Additional fiscal stimulus measures, while substantial, do not exceed the original stimulus bills (e.g. the $2.2 trillion US bill)
+* The COVID-19 lockdown contributes to a severe recession in Q1/Q2 2020 in most countries, but the easing of lockdown measures + stimulus leads to modest to substantial recovery in Q3 2020. 
+
+ 
+
+
+Alright, onto the main event. Here is what I think is "baked" into the future assuming the above events:
+
+* Dramatic increases in sovereign debt levels. The US alone is estimated to run a deficit of ~$3-4 trillion depending on the severity and duration of the recession. With global debt levels already at records highs, it is unclear what effect these substantial debt levels will have (deflation, inflation, stagflation, no effect?) 
+
+* Severe budget deficits in US state & local governments. Increased spending on unemployment insurance and healthcare expenditures coupled with decreased revenues will force states to significantly cut their budgets. These cuts will include layoffs of non-essential employees. 
+* Increased pressure on Euro zone economies, particularly Italy. Italian economic growth remained anemic in 2019 at 0.3%. With the complete lockdown of the Italian economy (which began in the economic engine of Northern Italy), Italy will likely face dramatic declines in GDP and correspondingly large government deficits. Northern Eurozone countries will be faced yet again with difficult choices with regards to Italian debt. Pressure from northern Eurozone countries on Italy risk furthering inflaming public opinion and leading to a separatist backlash. 
+* Negative to zero growth in US consumer spending in 2020. Despite the enhanced unemployment insurance, stimulus checks, and corporate / small biz loans I believe it is unlikely that consumer spending will rebound in 2020. Consumers will prioritize on paying off debts, rebuilding savings, etc. due to the economic uncertainty. Furthermore there is permanent demand destruction in certain sectors, e.g. consumers are unlikely to replace all of their canceled vacations, restaurant visits, shopping excursions, etc. The "wealth effect" will work in reverse as many high income households see drops in both their investments accounts as well as variable compensation: bonuses, pay raises, RSUs, stock options, etc. 
+* Unemployment will remain substantially elevated over its early 2020 low of ~3.5% through 2020. As in 2009, many corporations will "do more with less" in lieu of hiring during uncertain times. Small and medium sized businesses will face substantial revenue losses in 2020 and will focus on cutting costs to remain solvent. 
+* Manufacturing and business investment will remain weak in 2020. Manufacturing will continue to stagnant due to sluggish demand for automobiles, aircraft, and other durable goods. Businesses will focus on preserving cash, paying down / refinancing debts, etc. due to weak global demand
+* The US Federal Reserve will continue to support markets with QE and other monetary policy measures. 
+* Increased likelihood of a change in US presidential administrations. In early 2020 the Democratic party appeared poised to nominate a progressive, divisive candidate in Bernie Sanders. By April 2020 Joe Biden, a center-left candidate, had secured the nomination. At the same time, the US economic outlook had substantially deteriorated. While the economy is likely to improve in the June-November timeline, it is unclear if this recovery will be substantial enough to allow President Trump to run on a message of economic recovery. The increased likelihood of a Democratic presidential administration is a corresponding decreased likelihood of further US corporate tax cuts.
+* Dramatic decrease in stock buybacks in 2020. Companies will focus on preserving cash and reducing debt levels. 
+* Significant deployment of "dry powder" from cash rich corporates and private equity firms (which have ~$2+ trillion in unallocated funds). These funds will look for opportunities in distressed credit, M&A, and other opportunistic areas
+* Continued low oil prices in 2020. While a modest recovery is possible, the magnitude of demand destruction for oil, the unraveling of Opec+, and the continuing impact of American shale drillers will contain price growth. 
+* Continued China - US tension. There is little sign of a thaw in relations, and a hard line against China is one of the few popular bi-partisan issues in US domestic politics. Initial discussions to suspend Chinese tariffs during the crisis seem to have stalled.
+* Emphasis on supply chain resiliency / diversification. Between the US - China trade war and the COVID-19 outbreak, OECD companies will face both investor and political pressure to diversify their supply chain away from China. This will bolster the slow and gradual shift that was already underway due to increasing Chinese labor costs and the perception of an opaque, unfair legal regime. In the short term this will drive up costs (China is a manufacturing hub for many reasons beyond cheap labor) which will either compress corporate profits or raise consumer prices.  
+* Unlike 2009, there does not appear to be a new global engine of growth. China seems justifiably concerned about exacerbating their debt situation with massive fiscal stimulus. India was already experiencing a recession, and other major economies like Nigeria, Indonesia, etc. do not have the per capita purchasing power to stimulate global growth. Many of these countries are also suffering from the collapse in commodity prices and the flight from emerging market bonds / equities. 
+
+ 
+
+
+I hesitate to forecast the future, because obviously there is significant uncertainty. However, my personal base case is that an immediate "V-shaped" recovery in asset prices is unlikely. For asset prices to reach or exceed 2020 levels would require corporates to either substantially increase earnings in mid to late 2020 AND investors to value future earnings at the same high levels of 2020. However, it is worth noting that the record low interest rates (and corresponding bond yields) and monetary easing could in theory drive investors into equities, real estates, private equity, etc. as the only option for positive returns. My personal base case is a sluggish recovery in mid to late 2020 with asset prices remaining volatile to shifts in sentiment. With the Fed stabilizing markets, a widespread global depression seems unlikely but could occur if high global debt levels trigger widespread corporate bankruptcies or some form of "stagflation". Another unlikely, but possible case is that the world emulates Japan after the early 1990s and experiences a long period of slow asset price decline as corporates deleverage, credit availability declines modestly, and no new global engines of growth emerge. 
+
+ 
+
+
+Thoughts?
+
+ 
+
+
+Edit #2: Adding in how to know I'm wrong
+
+
+One thing that occurred to me is that since this analysis is slightly bearish, I should proactively offer some data points that would indicate I'm wrong / overly pessimistic:
+
+* Rapid recovery in US consumer spending in Q3 / Q4 2020 to pre-COVID levels
+* Rapid return to pre-COVID employment, ~3.5%, by Q4 2020 
+* Increased US business investment / manufacturing activity in Q3 / Q4 to supplement or replace consumer spending
+* The rapid return of the US corporate debt market which enables large stock buybacks in Q4 2020 onward
+* Corporate earnings growth compared to late 2019 (i.e. not simply quarter on quarter comparisons against the likely awful Q1 / Q2 numbers)
+* Massive US government infrastructure projects / other stimulus programs that generate demand and boost US household incomes 
+
+Edit #3: Some people have correctly pointed out that India was not in a recession in 2019. Apologies, I should have said that growth had decelerated over 2019, with Q4 2019 growth estimated at ~4.7% compared to GDP of ~7% in 2018. I think my larger point stands that India's economy did not appear to be trending in a positive direction, and given their per capita income of ~$1700 4.7% is not sufficient to dramatically improve global growth. 
+
+Sources:
+
+* https://www.forbes.com/sites/chuckjones/2019/11/30/the-stock-markets-25-gain-is-totally-due-to-higher-valuations-and-not-earnings/#3a67eab022ba
+* https://www.oecd.org/economy/oecd-sees-rising-trade-tensions-and-policy-uncertainty-further-weakening-global-growth.htm
+* Business Investment: https://fred.stlouisfed.org/series/W790RC1Q027SBEA
+* Consumer spending: https://www.bea.gov/system/files/2020-03/pi0220_hist.pdf
+* US Debt: https://www.newyorkfed.org/microeconomics/hhdc.html
+* $400 expense: https://www.bloomberg.com/opinion/articles/2019-06-04/the-400-emergency-expense-story-is-wrong
+* Corporate Debt: https://www.blackrock.com/institutions/en-us/insights/investment-actions/assessing-risks-in-bbb-corporate-bonds
+* Corporate Deb #2: https://www.bloomberg.com/news/articles/2020-03-13/for-battered-junk-bond-market-an-old-risk-grows-louder-each-day
+* Stock buybacks: https://www.cnbc.com/2019/10/29/goldman-says-there-are-three-big-stock-buyers-that-will-keep-the-record-rally-going.html
+* India Growth: https://economictimes.indiatimes.com/news/economy/indicators/moodys-cuts-indias-gdp-growth-forecast-to-5-6-for-2019/articleshow/72520706.cms?from=mdr
+
+ 
+
+Edit: My first gold and silver, thank you kind strangers!
+If I just want to test bollinger bands for the bast 20 years with some simple criteria like most 2% gains after a break.
+
+This doesn't seem to hard to program and I feel like everyone always codes their own platform. 
+Many of you might have heard of the [Trinity Study](https://en.wikipedia.org/wiki/Trinity_study) \- that covers the Safe Withdrawal Rate (SWR) analysis for the USA.
+
+After collecting data for India (and its pretty hard to get clean data - particularly on government bonds and the stock market in India), here's the SWR analysis for India.
+
+​
+
+[https://imgur.com/8KUzvhy](https://imgur.com/8KUzvhy)
+
+​
+
+I guess you could call this the ***Unity study*** since I'm the only author :)
+
+​
+
+**Summary:**
+
+>**For the periods under consideration, 1980-88 - 2010-18, the SWR for India seems to be higher than that of USA. For annually re-balanced portfolios with at least 60% equity holding, even 6% SWR had 100% success ratio over 30 years (without accounting for taxation during re-balancing).**
+
+​
+
+​
+
+**Reading the graphs:**
+
+The question of SWR is essentially this:
+
+>*For a person having a portfolio comprising of equity and fixed income instruments, what % of the corpus can be withdrawn each year without running out of money for some period of time,  say 30 years?*
+
+​
+
+The sum withdrawn is assumed to be increased each year to keep up with inflation. So when one says *4% swr* it means that the sum withdrawn in the *first year* is 4% of the total corpus - and each successive year it was increased to keep up with inflation.
+
+​
+
+Each colored line represents a given value of swr.
+
+X axis plots the % of equity in the total corpus, while Y axis plots the success % for such a portfolio. The success ratio is a measure of all known outcomes.
+
+​
+
+Why are there multiple outcomes, you ask?
+
+Because depending on the year where you start the computation, you will see differing return rates (since the equity returns, FD rates, inflation - all of them change unpredictable each year)- and therefore result in different amounts in your portfolio after N years. So to find the success% I run simulations (for each value of swr and equity%) starting from each month between Jan, 1980 and Jan 1988 and calculate the % of success as
+
+    number of sequences that ended 30 years with non-0 remaining corpus / total number of sequences
+
+​
+
+​
+
+**Details:**
+
+1. 30 Year rolling periods cover 1980-88 to 2010-18 at monthly granularity.
+2. The corpus is assumed to be split between equity (sensex) and fixed income (1 year FDs)
+   1. Sensex data before 1986 is made-up (not by me, but by BSE themselves) - they are all backdated numbers
+   2. u/NamitNasih has pointed out that in 1996 the sensex composition changed abruptly.
+      1. But any index fund covering the sensex would also have mirrored this change - so it shouldn't affect our calculations.
+   3. For FDs, RBI's data on historical 1 year FD rates is used.
+      1. This is because I couldn't find uninterrupted data covering government bonds for the time periods under consideration here.
+3. Annually re-balanced: Taxation is not applied on the re-balance process
+   1. I do not have the taxation info for all the years to apply
+   2. But this isn't that much of a problem tbh - if you were to assume a simple flat-30% taxation you can simply look to the higher swr curve - instead of 3% swr, look for swr of 3.9 (4% is the closest curve) and so on. This is not fully accurate, but it should be a good proxy.
+4. The sum withdrawn is increased each year to keep up with inflation - CPI is used as the measure of inflation.
+5. Failure condition: A *failure* is logged when the person runs out of money before the end of the 30 year period.
+
+​
+
+Yes, I am aware that index funds covering the Sensex didn't exist for many years - but the idea here is to try gain an understanding of SWRs assuming they did.  Yes, I'm also aware that the periods covered here is much smaller than the original Trinity study for the USA - but that cannot be solved since the earliest data on the sensex dates back only to 1979.
+
+​
+
+Comments and critique welcome. I'm open to suggestions on how to make the analysis more robust.
+
+​
+
+Special thanks to u/NamitNasih for his help in getting the data.
+
+​
+
+Edit:
+
+Fixed image link - there was an error in the graphs plotted - where the graphs were shifted to the right by one 5% equity-ratio tick - making them look more pessimistic.
+
+Edit 2: Im not suggesting that you should unconditionally increase your swrs to 6.0%. I'm just pointing out what I have found with the data so far. Over the next few weeks I'll try refine the analysis. Suggestions welcome.
+
+***Edit 3: Please note that due to the short history of Indian stock market, picking 30y windows (to be comparable to the Trinity study) means that all starting dates are between 1980-88. That's 8 years, just about nearing a market cycle length (claimed) of 10 years. This doesn't make the results wrong, but caution needs to be practiced when dealing with results from limited data.***
+
+​
+
+Part 2 is now up at  [https://www.reddit.com/r/IndiaInvestments/comments/cg00uj/safe\_withdrawal\_rates\_for\_india\_a\_study\_part\_2/](https://www.reddit.com/r/IndiaInvestments/comments/cg00uj/safe_withdrawal_rates_for_india_a_study_part_2/)
+Guys.
+
+This is CheckMate Theory.
+
+This is a Possible DD because it is a REQUEST summoning DD experts to evaluate the following premise.
+
+Everybody wake up.
+
+# 1) THE MOASS ALREADY STARTED OFF-EXCHANGE
+
+https://preview.redd.it/dwrwe52pu2h71.jpg?width=728&format=pjpg&auto=webp&s=943b30ea79f4655bfa1884819b250881e592339e
+
+# Do NOT sleep on the 8/11/2021 $3,653.56 GME share price for people transferring out of their broker.
+
+~~I lost track of the screen shot but will go digging tomorrow; if some one has it or~~ others are willing to come forward with your screen shots of shady cost-basis after changing brokers, please post here or get in touch because I want to aggregate those screen shots and make an informative video.
+
+There, we found the original post, go explore for yourself: [https://www.reddit.com/r/Superstonk/comments/p2dqhj/check\_out\_this\_average\_share\_price\_after/h8m0lw8/](https://www.reddit.com/r/Superstonk/comments/p2dqhj/check_out_this_average_share_price_after/h8m0lw8/)
+
+Image reposted, all credit to  [u/Outrageous-Garbage99](https://www.reddit.com/user/Outrageous-Garbage99/)
+
+https://preview.redd.it/bvefva1z92h71.jpg?width=828&format=pjpg&auto=webp&s=b3a565446495922594319d36e4b9f6ffcb21fc1a
+
+# 2) COMPONENTS OF THE CASE-STUDY
+
+I am growing a list of use-cases to frame the problem. I encourage those willing to come forward. If you submit to me in PM you will remain anonymous. Mods request you blur the total share count / total price if submitting an image of your suspicious cost-basis:
+
+[https://www.reddit.com/r/Superstonk/comments/ncj1sm/if\_you\_transferred\_out\_of\_robinhood\_look\_at\_your/](https://www.reddit.com/r/Superstonk/comments/ncj1sm/if_you_transferred_out_of_robinhood_look_at_your/)
+
+[https://www.reddit.com/r/Superstonk/comments/nglxti/dd\_into\_fractional\_gme\_shares\_cost\_after/](https://www.reddit.com/r/Superstonk/comments/nglxti/dd_into_fractional_gme_shares_cost_after/)
+
+[https://www.reddit.com/r/Superstonk/comments/p2qv6g/recently\_just\_transferred\_from\_rh\_to\_fidelity/](https://www.reddit.com/r/Superstonk/comments/p2qv6g/recently_just_transferred_from_rh_to_fidelity/)
+
+[https://www.reddit.com/r/Superstonk/comments/ngu5xu/robinhood\_may\_have\_totally\_%C6%92%C2%B5k\_%C2%B5p\_your\_cost\_basis/](https://www.reddit.com/r/Superstonk/comments/ngu5xu/robinhood_may_have_totally_%C6%92%C2%B5k_%C2%B5p_your_cost_basis/)
+
+[https://www.reddit.com/r/Superstonk/comments/ngmx0x/in\_regards\_to\_robinhood\_cost\_basis\_transfer\_errors/](https://www.reddit.com/r/Superstonk/comments/ngmx0x/in_regards_to_robinhood_cost_basis_transfer_errors/)
+
+[https://www.reddit.com/r/Superstonk/comments/nh6dk5/robinhood\_messed\_up\_gme\_cost\_basis\_but\_others\_are/](https://www.reddit.com/r/Superstonk/comments/nh6dk5/robinhood_messed_up_gme_cost_basis_but_others_are/)
+
+[https://www.reddit.com/r/Superstonk/comments/ngoywd/robinhood\_transfer\_to\_fidelity\_showing\_650\_price/](https://www.reddit.com/r/Superstonk/comments/ngoywd/robinhood_transfer_to_fidelity_showing_650_price/)
+
+[https://www.reddit.com/r/Superstonk/comments/ngx2ag/hypothesis\_robinhood\_is\_currently\_buying\_the\_gme/](https://www.reddit.com/r/Superstonk/comments/ngx2ag/hypothesis_robinhood_is_currently_buying_the_gme/)
+
+[https://www.reddit.com/r/Superstonk/comments/o1jdxq/my\_rh\_transfer\_to\_fidelity\_completed\_on\_40221\_and/](https://www.reddit.com/r/Superstonk/comments/o1jdxq/my_rh_transfer_to_fidelity_completed_on_40221_and/)
+
+# DLauer encouraging whistleblowers to respond to suspicious cost-basis:
+
+[https://www.reddit.com/r/Superstonk/comments/nhtt04/cost\_basis\_and\_trade\_price\_issues/](https://www.reddit.com/r/Superstonk/comments/nhtt04/cost_basis_and_trade_price_issues/)
+
+# (supplementary) Price Suppression DD by u/TheDude0007 :
+
+[https://www.reddit.com/r/Superstonk/comments/p3eye1/proof\_of\_price\_suppression\_and\_its\_source\_and\_a/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/p3eye1/proof_of_price_suppression_and_its_source_and_a/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+​
+
+# 3) WE CAN VALIDATE THE TRUE PRICE OF GME
+
+https://preview.redd.it/rxd8m5jfv2h71.jpg?width=540&format=pjpg&auto=webp&s=38f235405aae4f325b59dbd5e19061cfe55e66e2
+
+What everyone here needs to know is if people are transferring brokers and seeing higher cost-basis it means that:
+
+1. Your institution could only find an authentic share for that price.
+2. The NBBO does not reflect this small share volume/cost-basis.
+3. The REAL price is happening off-exchange, right now before our eyes, in small amounts.
+
+I buy and hold for reality.
+
+[I buy and hold for eternity.](https://preview.redd.it/d2wuh0jjv2h71.png?width=225&format=png&auto=webp&s=236df43183306881e5ca09dce2df8e9ac1515c7f)
+
+The National Best Bid and Offer (NBBO) is a quote that reports the highest bid price and lowest ask (offered) price in a security, sourced from among all available exchanges or trading venues. The NBBO, therefore, represents the tightest composite bid-ask spread in a security.
+
+Except it doesn’t.
+
+Because the bad guys and regulators are pretending the data isn’t available. But I guarantee you it exists because the result is evidenced by those shareholders who fell victim to shady cost-basis when transferring off their broker.
+
+Where can I read transaction logs for that $3,653.56 share price?
+
+Do you want to learn about how someone’s cost basis for GME last week was $3,653.56?
+
+​
+
+# 4) SHOULD YOUR SHARES NOT BE WORTH ~$3,653.56 AS OF 8/11/2021?
+
+If people are paying that price in small volume, and it is evident in the cost-basis, and that price is not reflected in the NBBO, then we are presently being denied our opportunity to sell for that price and beyond.
+
+Do GME shares not possess the intrinsic
+
+[\(Fuck You, Pay Me.\)](https://preview.redd.it/wznozk1my2h71.jpg?width=701&format=pjpg&auto=webp&s=e32597539821e3df9df5fa3198ad82b2c7ff8c6b)
+
+So, wut do? Wen Moon?
+
+Patience is a virtue but to the victor go the spoils.
+
+# 5) TO ACTIVIST OR NOT TO ACTIVIST?
+
+https://preview.redd.it/heohb48qy2h71.jpg?width=468&format=pjpg&auto=webp&s=f02b1444ad4e30e8e8a05d764ab26ef5a06cbf53
+
+A long-standing tradition of GME Shareholders is not to unite. We're led to believe this protects us from scrutiny and culpability. My opinion is that punitive action against GME shareholders is not really enforceable. Furthermore, it is quite common for shareholders to unite in the interest of protecting their investment. I am not advocating for activism, only encouraging you to decide for yourself whether you choose to act or not act.
+
+Personally, I do submit comments to my Senators and the SEC. Naturally, they are not met with valid response.
+
+After witnessing Mr. Gensler's public comments on his new arrival on Twitter, I tweeted @ GaryGensler to SUBPOENA THE WEALTHSIMPLE $3,653.56 GME TRANSACTION LOGS.
+
+[You can too.](https://i.redd.it/0nifvg1nu2h71.gif)
+
+# 6) GROWING LIST OF BROKERS WITH A KNOWN COST-BASIS PROBLEM:
+
+[https://www.wealthsimple.com/en-ca/](https://www.wealthsimple.com/en-ca/)
+
+[https://robinhood.com/us/en/](https://robinhood.com/us/en/)
+
+# 7) PLEASE TEACH ME TO DARK POOL:
+
+https://i.redd.it/w1g8knx2v2h71.gif
+
+The reality is we’re not far from learning how to trade off exchange ourselves. We’re 1-2 DD’s away from naming our price off exchange.
+
+We are not slaves to the NBBO.
+
+The NBBO is just the first option offered to us.
+
+You can move off-broker.
+
+You can list your price for anything you want on a dark pool.
+
+As the regulations crack down on synthetics, and the borrowability diminishes, all shorts must close. Shorts are mandatory customers of YOUR AUTHENTIC SHARES. Germany, Canada, USA are all estimated to separately own the float. That is absurd. Institutions want you to think your shares are worth $170.
+
+THEY ARE WORTH $3,000+ RIGHT NOW.
+
+Don’t let the NBBO dictate your price. Don’t let your broker dictate your price. You dictate your price on the dark pool.
+
+[\(Your nation is corrupt.\)](https://preview.redd.it/rlznr0phw2h71.jpg?width=730&format=pjpg&auto=webp&s=93769981ea564f556b90528bec5b9fe43ae8ad08)
+
+Now, **somebody teach us** how to list our shares there and we can take fate into our own hands. Maybe shareholders have to lump together non-odd lots, maybe it only works if every Ape does it, maybe the shills will shut it down and kill your hope, maybe I'll be sued for collusion. But I doubt, doubt, double-dog doubt ANYTHING can stand against the unstoppable tide of disenfranchised retail traders moving off exchange just like the institutions are doing.
+
+# 8) FINAL REMARKS ON VALIDATING OFF EXCHANGE PRICE:
+
+https://preview.redd.it/80gc472uu2h71.jpg?width=5922&format=pjpg&auto=webp&s=320291c80924a182b1517b55d59d570f30a99869
+
+It's possible shills encouraged Apes to transfer from their brokers early in the year to avoid the high run up on the cost-basis we are seeing today for brokers that don't actually own shares.
+
+The true price for *authentic* GME shares has always been reflected by broker transfers. Not the NBBO. Institutions like market makers don't want you to think critically about this.
+
+This COULD be validated by thousands of Apes buying shares through suspect brokers and transferring out. Although this is risky, they can adapt, freeze your shares, etc. But I digress. A frozen share is an easy hodl.
+
+As everyone suspected, the real price has been obfuscated for months, yet we now have a method of validating the true price of GME by continuing to share stories and screen shots. No doubt the next DD Ape will plot it on a line graph.
+
+# 9) CHECKMATE THEORY:
+
+Ryan is the Queen Piece.
+
+Gensler is the Rook.
+
+Apes are like a Bishop.
+
+Couple moves is all it took.
+
+https://preview.redd.it/0t7o7v4uw2h71.jpg?width=432&format=pjpg&auto=webp&s=ef0a0f0dfcdf55ae2c4a7912751d4a3d1ffeb91a
+
+If 2000% of the float (as [u/robrobra](https://www.reddit.com/u/robrobra/) suggested in this thread) were listed for $69,420,000, anything less would be a steal.
+
+Competitive sellers driving the price down from $69,420,000 to $42,000,000 is not a bad journey for Apes.
+
+What we're talking about is hypothetical, it is not financial advice, and it is no different than the off-exchange negotiations going down in the back rooms of dark pools today. It defies the corrupt market makers, it plays by the same rules and systems in place for institutions today. It is clever. And Apes would go down in history as the most savvy investors of all time. Right after we broke the system entirely and forced a positive change for generations to come.
+
+The caveat being financial institutions would go to war.
+
+But we're already fucking fighting.
+
+Buy and hold forever.
+
+Unless, that is, you can sell for $69,420,000 today.
+Original post https://www.reddit.com/r/personalfinance/comments/3fay73/i_hit_a_milestone_today_ive_officially_saved_800/
+
+**Assumptions**
+
+* 16 cigarettes per day (this is where it was when I quit, I'd probably be over a pack by now if I let the trend continue)
+
+* $7 per pack. (I initially used $6.50 but prices have increased significantly since I quit, $7 is probably still a lowball)
+
+**Results**
+
+* Days quit: 1001
+
+* Cigarettes not smoked: 16,016
+
+* Money Saved: $5,606
+
+* Time not spent smoking: 66 days, 17 hours, and 36 minutes
+
+* 54% of the way to being at the same risk of lung cancer as a non-smoker
+
+Last time I posted regarding this I had talked about being excited that we could use the money saved to buy a bed. Well unfortunately the apartment complex got bedbugs so that is long gone. However we have since been able to save up enough to purchase a house, where my fiance and I now live. I'm also glad to report that she has also been smoke free for almost 2 years. 
+
+Quitting smoking has drastically increased my productivity at work. It turns out that your social circle actually expands pretty significantly when you no longer smell like an ashtray constantly. I also qualify for much cheaper supplemental life insurance through my employer now that I don't have to list myself as having smoked in the past 12 months. I cannot stress the intangible benefits of quitting enough. 
+I love the NFT Marketplace and I think most of the art is pretty damn cool, but please be on guard for those taking advantage of SuperStonk's generosity and hype as I'm seeing more and more AI-generated images which require zero artistry or skill in most cases.
+
+Some of you won't want to hear this, and I fear I'm gonna get downvoted to oblivion... but I would be remiss to not at least throw this out there as more of a 'know what you're buying sort of PSA'. Not going to call anyone out specifically, but there are a number of creators on the NFT Marketplace, some who are making quite a bit money...that are simply using an AI bot called MidJourney to generate art pieces using text prompts. Takes less than a minute to create most of these pieces, and honestly quite a few of the ones I've seen are not really even using the bot very well.
+
+It's becoming clear to me that a lot of SuperStonk members think they are buying handmade art from these creators, when that couldn't be further from the truth. Now...I'm no hater, if the buyers KNOW what they're buying and realize that these images can be created in less than a minute by AI, then all the more power to everone involved, but based on some of the commentary I've seen, it seems like most apes are not aware that these are AI generated images.
+
+I create AI art myself and it's a lot of fun, but something feels slightly scummy to me that these are being sold for substantial money to an audience who likely doesn't realize how they're actually created.
+
+I can simply go into MidJourney and type a text prompt of "Imagine/ Prompt: An portrait of an ape with diamond hands, Norman Rockwell Style" for example, and within a minute I'll have several pieces of art that can be upscaled and sold as NFT's to any unsuspecting folks who think a digital artist has spent hours creating something manually.
+
+As a fellow artist and GME holder, it pains me to even bring this up...I'm a huge supporter of artists, but I think more knowledge and transparency are required for this situation. I also don't want others who have most certainly seen this trend, take the GME community for fools seeing that many folks are spending substantial amounts of money for these works. Some folks seem to be more up front that works are created via AI than others, so again...I'm not trying to call out specific creators...just want to educate the community here about how this works, because more wrinkles is never a bad thing.
+
+As a quick example, I created the following ([https://imgur.com/vZBYxUx](https://imgur.com/vZBYxUx)) in less than a minute by using a text prompt of "Ape with a pirate hat, studio portrait". No additional work at all was done, no photoshop touch up, nothing...just text prompt and receive image.
+
+If this message doesn't resonate with apes, then feel free to ignore...just don't be surprised if this turns into some drama further down the road once more people catch on to what they're purchasing. And again I want to stress, if I've misread the situation and everyone KNOWS this is what they're buying, than I'll crawl into my corner and shut my mouth.
+Even if this company cut their dividend in half... isnt this still a really good dividend payout? Its just not as good as everyone is used to 
+
+https://preview.redd.it/hx473ibo13z71.png?width=896&format=png&auto=webp&s=c2e4b3e99ac581a8ed45f55e09a3fde8456c5d9f
+Title says it all. I'm currently working as a legal assistant at a small legal services company for $15/ho. I've essentially plateaued there and have been searching for new positions elsewhere. I'm currently in-line for a job making $20/ho at a loan company, but there's no guarantee that I got it. Even if I do, It's only one small step forward.
+
+Cost of living here is very high, and as such, I'm still living at home. I save about $1,000 to $1,500 a month, and currently have $10,500 in the bank. My goal is to be able to save enough for a down payment on a home within the next 2-3 years. I have excellent credit, with a current score of 788.
+
+I have several paths from here I can take. Military and law enforcement are constants, but both have pretty big negatives. Military would remove me from my home and my family, and law enforcement is difficult to get into, especially with five traffic tickets on my record in the last few years.
+
+Going back to school is another big step I want to take, but there are so many options, with so few ways to know which will pay off the best. I have a BA in English from the Cal State University program, which is largely useless, and it's preventing me from being able to go back into a Bachelor's program. As such, I would need to either get into a trade school or an AA program. I've considered paralegal, computer science, and business, while leaning pretty heavily towards computer science.
+
+I also intend to start making use of Khan Academy and other free resources to build a knowledge database for business and programming, but have no idea how applicable my accomplishments with those programs will be for getting a job.
+
+Please offer me any advice, big or small. I welcome all of it. Feeling like I've wasted my life up to now and have no idea where to go.
+Trying to help my Dad with this impossible scenario it seems. My Dad is selling our family home that he had been renting out for a couple of years. He retired and moved to Florida and now he's trying to take advantage of the high flying real estate market. For perspective, before COVID the house was worth $700k and today is worth $900k.
+
+​
+
+My Dad is currently under contract with a Buyer who is ready to Close pending Tenant move-out.
+
+​
+
+The Tenant lease is up June 10th and the same Realtor selling the house is trying to find him and his family a rental but the rental market is 40% higher than normal and nothing he wants is available. As well, he has 600 credit so all the Landlords are making someone cosign his lease and his Mother won't do it because she doesn't like his wife. So ultimately, the Tenant decides it's not worth it to move, so he'd rather stay and force my Dad to evict, but the property is in Connecticut and apparently evictions can take 7+ months there (realtor told us that). As well, the realtor mentioned because the Tenant has kids the Judge may not be on my Dad's side even if it's for Non-Renewal.
+
+​
+
+The Tenant seems willing to pay rent (even increased rent) if he's allowed to stay but he's just not going to leave. I see this as a double-edged sword. My Dad owns the house free & clear but he uses rent to survive. Cash for keys in this A-Grade neighborhood would be too expensive like upwards of $10,000 to get the Tenant to even consider leaving. If Tenant is allowed to kill the sale of the property I think the Tenant will just stay until the Rental Market cools by which time the value of the property will go down which negates trying to sell it while the market is good. Eviction probably means 7+ months without rent unless the guy sees the eviction notice and decides to leave, but there's no guarantee of that.
+
+​
+
+What the fuck do we do?
+Ok where do I start...
+
+Alright, a little about me: I'm an 18 African-American female brought up in an abusive family. I went snooping through my father's email and found a 'friendly' eviction draft dated for September 2017. Like.. holy fuck this is really happening and I have to get out. I only have a debit card and I don't have a credit card or any debt/loans. I thought I had savings bonds, but my father cashed them before I turned 18. 
+
+I currently work retail and make $9hr. I try to get scheduled for 30-32 hours every week but they will not give me more. I've tried applying to call centers but I have a heavy lisp and I believe this is causing me to fail interviews. I don't know what else pays higher than $9hr for highschool graduates. I don't have my associates (yet).
+
+I need to enroll in community college. I tried applying to my local college online? but I'm not sure if I have classes or not as I haven't received an acceptance email. The application also asked for two $25 fees but it didn't give me an option to pay for it after I put in my FAFSA information. I'm so confused I think I got rejected because my 2.4GPA is too low, it really sucks because I wanted to take some of their art classes as I've been told my art is [decent](http://orig07.deviantart.net/090a/f/2017/107/7/7/together_by_rouzani-db67snx.png). I don't have a phone because I'm trying to save money otherwise I would call. I don't know what to do. 
+
+I don't know how much I'm getting from the FAFSA. Is the Pell grant a monthly thing? These were the results of my application:
+
+> Based on your EFC of 000000, you may be eligible to receive a Federal Pell Grant of up to $5,920 for the 2017-2018 school year provided you have not met or exceeded the lifetime limit established for the Federal Pell Grant program.
+
+
+I don't have my license or permit and I need to purchase a car so I can have transportation. I looked on craigslist and they're cheaper than the dealership but everyone keeps telling me to not do it? There are some cars for $800-$2400 and I can buy it right now and have that part done. Your sidebar recommends saving up $5000 for a good car but I don't know why when there are cheaper cars? Is there something I'm missing?
+
+I don't know how to get an apartment. Part of my father's letter states I must take my pets with me, so I'll also have 3 small housetrained pets. Will this hurt the lease? Can I setup a direct deposit with the apartment's landlord so I can pay my bill on time?
+
+Thank you.
+
+**Edit 5/1 11:29** Thank you! I didn't expect to get so much advice and guidance! I have to work in a few hours, but I'm currently going through and writing a pro/con list. I've also applied to about 5 jobs since last night and plan on doing more after work. I won't join the military/Air Force on a whim but its certainly something I'm considering. I'll talk with a recruiter.
+
+ A few people have asked me to update in a few months so yes I'll do that too. 
+August 30th was America’s most-loved business tycoon’s 89th birthday. He made his fortune (US$82 billion as of July 18, 2019) investing in and helping to build American businesses.
+
+I won’t waste your time diving into Buffett’s background ([Wikipedia does a good job](https://en.wikipedia.org/wiki/Warren_Buffett)), but I will say his wisdom on investing, money and business management is sought by many (including President Barack Obama, as you can see in the pic above).
+
+Here are some of his best gems:
+
+“Beware the investment activity that produces applause; the great moves are usually greeted by yawns.”
+
+“Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.”
+
+“The stock market is designed to transfer money from the active to the patient.”
+
+“The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.”
+
+“Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.”
+
+“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”
+
+“It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.”
+
+“You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.”
+
+“The investor of today does not profit from yesterday’s growth.”
+
+“Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.” (Note: Interestingly, Buffett’s company, Berkshire Hathaway, currently holds about $122b in cash.)
+
+“I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business.”
+
+“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
+
+“There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. I think you are out of your mind if you keep taking jobs that you don’t like because you think it will look good on your resume. Isn’t that a little like saving up sex for your old age?”
+
+“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”
+
+[Sauce](https://dumbwealth.com/14-money-quotes-from-the-birthday-boy-warren-buffett/)
+
+What are your favorite investing-related quotes?
+**Introduction**: This post is part of an ongoing monthly early-retirement series that will continue indefinitely, provided that the voting reflects the view that it is still seen as relevant to the community. I suppose that this is my way of giving back to a movement that helped me tremendously on my journey. As this post has become increasingly popular based on the number of views and comments, and as my desire to spend a great deal of the first day of every month on reddit has significantly waned, **my responses will be limited**. Career and background summaries are provided at the end and repeated every month. Please check those sections as well as the comments and posts from previous months to find answers to potential questions. I genuinely appreciate all the thanks and well-wishers, even if I don’t take the time to say so individually.
+
+**Model**: I wish to maintain a portfolio that began in June 2017 at $1,025,772. I will use a maximum withdrawal rate of 3% of the year’s starting balance, provided that the portfolio remains above $1M. The budgeted withdrawal amount is $2773 per month for 2018. In 2017, it was $2564 ($2618 adjusted for inflation). Should the portfolio drop below $1M, I will lock back into a maximum $2500 per month ($30k per year) guardrail withdrawal until the market recovers. I realize that this is not how the holy Trinity works, but consider these three factors: a 3% goal withdrawal rate is below the 100% historically safe mark for indefinite portfolio survival, our actual withdrawal rate is just above 2% of the original portfolio balance thus far due to earning additional income, and the extended bull market has put us 15% above our original target amount. We obviously have some flexibility.
+
+**Spending**: Living expenses for the month came to $2238. This is $535 under the 2018 monthly targeted amount of $2773. Our spending is 8.1% under budget for the month, now 8.1% under for the year. We generated $1491 of income this month from my wife's part-time fun job at the library, sales on ebay, and some of my old book royalties. Our investment withdrawal was $747 this month, thus our pro-rated, annually-adjusted withdrawal rate is 0.81% for the month, 0.81% for the year, and 2.19% since retirement. Without the additional income stream, our pro-rated, annually-adjusted withdrawal rate would have been 2.42% for the month, 2.42% for the year, and 3.44% since retirement.
+
+**Investments**: The portfolio went from $1,109,284 to $1,156,382 (a 4.25% increase for the month), which dropped down to a new total of (drum-roll) $1,155,635 after paying the bills. This is a 12.7% increase from the original starting balance of $1,025,772, even after withdrawals of $14,739 for living expenses over eight months. Since retirement, capital income from the investment portfolio has produced the equivalent of a full-time employee generating $104.28/hr of labor income. VTSAX (62% AA) went up 5.3% this month (5.3% up for the year); VFWAX (21% AA) went up 5.7% (5.7% up for the year); VWLUX (17% AA) went down 1.6% (down 1.6% for the year).
+
+**Reflections**: Our previous best month for the portfolio was 11/2017 with a 1.99% return. 1/2018 shattered that mark with a 4.25% return (and was actually well above 6% before this week’s correction). We made more money in the first three weeks of January than I ever made in any six-month period as a pharmacist. I have come to accept that the market is in insanely frothy territory, but I will sail obliviously forward with it. I am very thankful that, two years ago, I took the consensus view here of asset allocation and moved from 50/50 stocks/bonds to 80/20. Spending has returned to normal since the lump sum expenses that tend to cluster in December are now behind us. We had no big purchases this month for me to make excuses around, which is a first since retirement. There were just some small things like two unwanted family dinners, amazon prime renewal, and two large electric bills.
+
+**Experiences**: I strained the flexor hallucis brevis in my right foot on 1/4, which caused me to miss over two weeks of marathon training. Who knew such a thing existed? I wasted a lot of time on the computer the first few days after that doing nothing productive. I also came to terms with the fact that I am isolated. My friends have work, school, and children to occupy their time. I have none of those. I have nothing but time. I have no desire to join social groups and meet new people just for the sake of meeting new people because I honestly do not care for most people. My wife is on the other end of ninety-nine percent of my conversations. I did not anticipate what this would feel like. I am not fishing for advice or sympathy; I am just writing what is on my mind. While down with injury, I spent seventy hours creating an astronomy timeline display for the museum where I volunteer. Instead of learning about how the universe formed, it focuses on the order in which we learned about certain aspects of the universe and updates our understandings as you move forward through time. We started Game of Thrones (in season four now). I started running again on 1/22 and began playing the Nintendo Gamecube games that I purchased over a decade ago and never touched. I also made a gratitude list recently. It is ridiculously long. Reading it makes me feel ashamed when I find myself worrying over trivial matters. I think this is a good exercise for everyone to do. Finally, I did my taxes yesterday, which will get a special section this month…
+
+**Taxes**: I anticipated breaking even, but I will be getting an unexpected refund of $5000. This is a breakdown of what happened. First, there is some absurd thing called a Retirement Savings Contributors Credit of $2000 to help low-income people such as myself save for retirement (which I clearly could not do on my own without this much-needed help). Second, I forgot that my income would be low enough this year to recharacterize my $5500 IRA contribution from Traditional to Roth. Third, I forgot that I had $3000 in capital gains losses from bond sales that carried over from the previous year. Fourth, I spent some time converting a hobby over to a business last year, which I figured would be a smart move since I’ll have more time on my hands (many of the startup costs can be immediately deducted). Fifth, there is a cap on how much of the excess premium tax credit one has to return on ACA subsidy payments. I anticipated having to pay a lot more back because I made the mistake of getting the most expensive plan that the subsidies would cover fully at 100% FPL. If I had it to do again, I would have chosen a cheaper plan since there was no way I could have got our MAGI down to 100% FPL with five months of employment. In short, we ended up paying less than $100 in taxes despite earning over $73,000. How to eliminate $73k in income: $18k 401(k) contribution, $3k business startup, $3k capital loss carryover, $11k IRA contributions, $2k student loan interest, $13k standard deduction, and $8k exemptions leave $15k in taxable income (and $1k owed in taxes). $1k taxes + $1.5k ACA excess payment negated almost entirely by $2k Retirement Savings Contributors Credit and $400 in foreign tax credit. Net taxes: less than $100.
+
+**Upcoming**: On February 3, I will be going for 1:25-1:28 in my half marathon. No real goal, but a top ten finish (out of 500-600) would be nice. I finished 98th when I pulled myself off of the couch in 2013. My personal record of 1:27:57 should fall easily unless something goes wrong. After the race, more Gamecube, more Game of Thrones, and more running. I will continue volunteering at the museum, and I have plans to volunteer in the campaign for a local House race. She doesn’t have a prayer of winning, but that’s not the point. I’ll also be doing whatever the fuck I want.
+
+**Career**: I am a former retail pharmacist who hated his profession for the following reasons: unacceptable amounts of stress, lack of civility from the general public, capitalism gone amok, fundamental disagreement with the overuse of pharmacotherapy as an answer for underlying health issues, and a severe opiate crisis that few have yet to appreciate. I attended college for eight years to earn a bachelors and doctorate before joining the workforce for nearly twelve years, entirely with CVS. $150k in education costs were covered by academic scholarships ($25k), employment during college ($20k), prior savings from high school employment ($5k), revenue from an eBay business while in college ($10k), and massive help from my parents ($90k). My salary plus compensation went from $115k in 2005 to $150k in 2017. My savings rate was about 70%.
+
+**Background**: I retired at the age of 38 on June 6, 2017, the day before the twentieth anniversary of my high school graduation. I am married with no kids and generated over 95% of the family income while employed. We live in LCOL rural TN. Our asset allocation goal is approximately 60% VTSAX (total US stock market) / 20% VFWAX (total INTL stock market) / 20% VWLUX (US municipal bonds). We also hold roughly $400k in house, land, and belongings not included in the portfolio. My spending model places no dependence upon supplemental income (future employment?), social security ($10k/yr?), inheritance ($500k?), house equity (no heirs?), universal health care (probable?), or universal basic income (possible?). The final balance will be left to charities and worthy causes.
+
+Hi guys
+
+I got a mortgage illustration which has the following red flags:
+
+1. Variable Rate of 7.6% and may go up to 13.6%
+2. Mortgage broker says I can always come out of the mortgage once 'the credit file improves'.
+3. Fixed Interest rate is higher so unable to get onto that product
+
+Mortgages are supposed to be at an all time low...so on a variable rate, I feel like it could only get higher. I'm concerned that if I get it, I'll be trapped and unable to find a lender to re-mortgage anyway since \*\*\*my credit\*\*\* is so bad.
+
+\*\*\* When i say my credit, I mean the collective credit. My individual score is perfect, the 2nd applicant's is very poor with 4 outstanding CCJs.
+
+Is it worth it to get on the property ladder?
+
+​
+
+# UPDATE: 
+
+I emailed the broker telling them I will not be proceeding with the mortgage. Thank you for all your responses - they knocked some sense into me. Posting your current mortgage rates also really put things into perspective.
+
+I really do want to get on the property ladder but I shouldn't ruin myself financially to get there.
+Here is a sample from this post: 
+
+[TRTWorld published an interview with Sunny Lu from London Blockchain week. Video of the interview to be broadcast to over 190 countries. Massive!
+](https://www.reddit.com/r/Vechain/comments/7t4zkn/trtworld_published_an_interview_with_sunny_lu/)
+
+Look at the age of the accounts highlighted in red: 
+https://imgur.com/a/kBcT9
+
+Now, some of the highlighted accounts are a couple months old, which makes me skeptical, but they could be legit. However, many are just DAYS old. 
+
+As a Ven holder, this is very concerning to me. I first got into Ven after seeing a bunch of quality posts explaining the technology and use case. I think many investors look into a coin's community before investing. Any of them seeing these fake accounts would trigger a red flag. 
+
+VeChain may very well be a great project, and have nothing to do with this....but they're appearing on their social media channels, and its a really bad look IMO. All that hype, all those posts, all those redditors in agreement....might be complete bullshit. 
+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!
+
+Hallo, i have been invested in small cap fund of Axis MF. And I realized that axis MF have doubled the TER of small cap fund in last 3 months. Other funds have also been continuously being increased since March. I know fund house can increase TER until some limit but such a swift TER is allowed ?  What does this subreddit members think of such an acts?
+
+[link to TER](http://tiny.cc/Notice1TER12August)
+First some background - I have a Kotak Assured Income Plan. After continously paying premiums for 10 years ( total premium payment term of 15years) I realized that this money was going down the drain. I asked for the surrender amount and I was informed that I will be paid 55% of the total premium that I had paid! I asked what would be the reduced payouts if I stopped paying premium, but there was no clear response. So I decided to surrender it.
+
+Now while asking for a surrender. They want the original policy document.  I am submitting all my KYC documents, a cancelled cheque - which is from the same bank account via which I have a NACH mandate for deducting my premiums. So just curious why do insurers still want the policy holder to keep the original document safe and submit it with application.
+
+I can understand this requirement a decade back. But in this digital environment, it seems like a relic from the past. I would be happy if someone from the industry can clarify, this quaint requirement.
+
+EDIT: 
+
+I am also curious , why some of you had surrendered the policy. I have done some calculations (using IRR) It doesn't make sense to me. Let me know your thoughts. 
+
+[https://docs.google.com/spreadsheets/d/1yIqG0wtE63UgxaJlKa2zgQczhaUrreApCpV35KCFPWE/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1yIqG0wtE63UgxaJlKa2zgQczhaUrreApCpV35KCFPWE/edit?usp=sharing)
+Yes it's true. Despite all the retailers using every trick in the book to try to separate me from my hard earned money, I held strong. Yes, we will do some shopping for the holidays but not this madness that is a retail frenzy for me. My hope is others we as successful in managing and controlling their dollars and credit cards. Good Luck going forward and Happy Holidays to All!
+
+Edit: Wow! I never expected this great response. Now I will admit, we went to our local Walmart grocery store on Sunday to get some cleaning supplies and food for the house, it wasn't what I consider part of the Black Friday retail weekend experience. I was even telling my wife to stay away from the meat department because we had plenty of ham/turkey from Thanksgiving day. We will be eating ham/turkey sandwiches until it is time to throw it all out....we will freeze some for some lazy weekdays when we don't want to cook. I hope everyone had a great holiday and keep up working on your plan to get to a better financial place. You don't have to be a Scrooge, but work YOUR plan.
+
+Edit 2: Wow! Silver and Gold for not spending dollars or using credit in the retail spending frenzy. But that is kind of what this sub is about. Make a budget, put some aside for savings/emergencies and you will find a reward for all the hard work. I'm not living on the edge any more but I'm still close enough that I can see the edge. So hang in there everyone. Keep working your plan...I may be one terrible life disaster away from being back in the hole, but it does get better. Thanks to everyone.
+Everything was going so well, green dildos everywhere for a while there. Life was good. Then, over the last month the market has taken a dive and the portfolio doesn’t look as strong. 
+
+FUD and media coverage about crypto tanking are dominating the news cycle. And of course, all of this just had to hit right before Christmas. 
+
+Now, I must go sit at Christmas dinner and listen to Aunt Teri talk about how much BTC has tanked recently and I should have never invested in that scam. Brother-in-law Charles will be pointing out how stocks have always been the only proper investment. Dad will just be shaking his head in disgust. It will be a collective circle jerk of “I told you so” all pointed at me. 
+
+I for one am hoping for a nice run over the next few days so I don’t have to listen to all the crypto "experts" on Christmas day.
+
+Happy Holidays to all!
+Apologies ahead of time if I offend anyone.  It's not my intention.  Also, this is from my personal experience and no scientific study has been done.
+
+Over the years, I've noticed that non-investors tend to think investors buy properties at premium prices.
+
+The first time I noticed this trend was back when I was still working as an engineer.  At the time, my husband and I had already started investing in RE.  One day, a co-worker told me he, too was an investor.  Oh yeah?  In what?  He said a couple of people approached him and told him they wanted to start an engineering firm on their own.  If he put in money, he could be a co-owner. 
+
+I started asking him what his role will be, how much money to put in, what rate of return was he expecting, etc.  After talking with him for a while, it was apparent he did not know what he was doing at all.  He didn't even know what his role or responsibility would be.  And he tried to convince me that that was why it was such a good deal!  He didn't have to do anything.  All he had to do was "invest" his money and then profit from it.
+
+Even at that point, I knew a bad deal, or worse a scam if I saw one.  And this was definitely at the very least a bad deal.  I didn't say anything because it wasn't my business.
+
+Some time later, one late evening, I got a phone call from him at home.  This was highly unusual.  We normally didn't call each other at our personal number.  He flat out asked if I wanted to buy his house?  After pressing him for it, he admitted that he took out a loan with his house as collateral for the investment.  Unfortunately, the new company didn't pan out and he lost every penny.  He also hadn't been paying his mortgage for a while and now it was catching up to him.  I really felt bad for him.  Made me wish I had said something to him before.  If a deal sounded too good to be true, in this case he didn't have to do any work and just give them the money, it probably was a scam to begin with.  Might as well put it on the market with a realtor.
+
+I asked him what he wanted to sell his house for.  He told me.  I forget what it was, but when I did a comp, he was asking for way way way above market price.
+
+Over the years, I've run into a lot of people who, once found out we were investors and buy houses for cash, they would try to get us to buy their houses at premium prices.  Don't they understand that if we, as investors, buy houses at premium market prices we would make no profit and there was no point in being investors?  
+
+Anyone else noticed this particular way non-investors think?  And it also applied to investors who didn't do proper math.  I've had many propositions for me to buy their rental properties at premium market prices.  Some were having negative cash flow.  Don't they understand that it defeats the purpose of investing if we were buying these properties at premium or above market prices?  Also, just because we are RE investors doesn't mean we will buy every property presented to us.  We don't have unlimited resources and so every deal has to make sense for us to go through with.
+Does anyone here invest in farm ground? I will be coming into some cash ($700k) next year and my family is pressuring me to invest it in farm ground. Mom and Dad own a lot of acres that they bought through the 70's and 80's, rent it out and it makes them a good living.
+
+I've been looking into it now though and for example there are 200acre ground going for around $1m. Average rents are $230/acre which only nets you $46,000/year. Even putting the full $700k down, I'd be  barely breaking even on the mortgage of the rest of the ground and it would take something like 30 years ROI.
+
+How do people make this work or is Farmground just the slow game?
+Okay hear me out... maybe it is not impossible? However, the comments on this sub over the last few months have shown a form of verbal loss porn only comparable to the degenerates over at WallStreetBets. One may even be in disbelief that selling puts is not a golden solution for all markets. 
+
+**First off, let's talk about The Wheel**
+
+For those who may not be familiar, the wheel flows like:
+
+\-> Sell puts on a regular basis -> Put goes ITM and you take assignment -> Sell calls at (ideally) cost basis -> Call goes ITM and you take assignment -> Sell puts on a regular basis -> you get the idea.
+
+The wheel is lovely. The wheel has brought fortune for many over the last few years. But many people on this sub have found themselves bag-holding assigned shares and selling calls well below cost basis just to try to make more than $1/week. This is due the design of the wheel - **it is ultimately a neutral-bullish strategy**. The wheel requires flat or upward movement to continue collecting profitable premiums while assuming the risk of owning the shares.
+
+**The Fat Truth**
+
+Whether or not you believe we are in truly in a bear market, *the last 6 months have been the 2nd greatest downturn of the S&P500 in the last 12 years.* That's right folks, only the COVID crash currently has us beat, but that didn't last over 6 months. I'm not here to provide predictions as to where the market is going, but rather share how to take advantage of the trend over the last few months.
+
+**Okay, so if the wheel isn't working, is there anything else a trader can do?**
+
+Why, yes there is! I thought you would never ask! Similar to how the wheel is a neutral-bullish strategy, there are several other strategies that are neutral-bearish:
+
+1. ***Call Credit Spread*** \- Sell a call and buy another call at a higher strike for the same expiration date
+
+Some will argue that a spread is not a true theta strategy, but I say it's close enough. Spreads are nice due to the defined risk and reduced capital requirement. Additionally, the farther the spread, the more the short call starts to simulate a naked call. The strategy allows for a small amount of upward movement to realize full profits and thus is neutral-bearish.
+
+2. ***Put Debit Spread*** \- Buy a put and sell another put at a lower strike for the same expiration date
+
+Very similar P/L to a a call credit spread. The more ITM the puts are, the more upward movement is allowed, but lower potential gains as well. Switching between a CCS and a PDS depending on a green or red day may have a trader capitalize on more gains.
+
+**But what about if the market reveals itself to be a bleeding red bear market?**
+
+Thankfully, more aggressive strategies exist!
+
+3. ***Delta Buster*** \- Combination of an ATM put debit spread and an OTM call credit spread
+
+This is one of my favorites. With the ATM PDS, the premium is significantly higher. However, the risk is higher as *any* upward movement will cause losses. Thankfully, the credit from OTM CCS offsets the loss. As a result, downward movement of the stock can result in significant gains while upward movement is only a minor loss... as long as the CCS stays OTM. Otherwise it can be a bad day.
+
+4. ***Synthetic short*** \- Buying a put and selling a call for the same strike and same expiration date
+
+Pretty cut and dry. Stock goes down, money is made. Stock goes up, money is lost. The benefit is that you don't have to pay interest on what would otherwise be borrowed shares. However, just like a real short, this strategy has unlimited loss potential on the upside.
+
+5. ***Put ZEBRA*** \- Buy 2x of an ITM put and sell one ATM put for the same expiration date
+
+If the idea of a synthetic short is favorable, but the unlimited potential loss is too scary, then the put ZEBRA is the answer! The ZEBRA (Zero Extrinsic Value Back Ratio Spread) stock replacement strategy has a similar profit profile as a synthetic short. If the stock goes down, an equal amount of money is made. However, on the upside, the losses plateau at the initial cost. As a result, the strategy looks like a synthetic short, but with capped losses. The Put ZEBRA will require more buying power than a synthetic short.   
+Fun fact: If the ZEBRA were replaced with calls vice puts, the P/L chart looks very similar to owning shares, except the losses are capped at the initial cost of the strategy. 
+
+**And what about if the market goes back up?**
+
+Then I encourage traders to resume using the wheels. A good trader knows how to make money regardless of the direction. If a strategy is working well, keep doing it! If a strategy was previously working well, but has been recently incurring loss, then it might be time to step back, look at how the market has been behaving, and reassess if a strategy change is needed. Keep in mind that of the five strategies presented, 1 & 2 are the only neutral-bearish. Strategies 3, 4, and 5 are purely bearish and will not work if the market decides to flatten or go back up. 
+
+**Is OP some sort of financial specialist providing investment advise?** 
+
+Nope. I'm actually a financial adversary who helps people lose money. Please fact check my work and do your own due diligence. 
+
+**TLDR**: Strategies 1-5 are some of the potential ways to make money when the market is bleeding red. [Here is a post that can provide the full idea](https://www.reddit.com/r/thetagang/comments/w2evid/making_money_when_the_market_tanks_impossible/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+Hey guys, toying with this idea of selling weekly deep OTM puts on ETFs like VOO/SPY for juicy premiums. 
+
+Understand the collateral needed but it seems like good weekly income. Am i missing out anything in my consideration?
+I've been following Thetagang and selling basic puts and calls for about 10 months now and I've been happy with the results. My account is up in value and I feel like I've made money on almost every trade.
+
+Can you all take a look at these trades and let me know if I'm doing this right? Any guidance or feedback would be appreciated. What could I be doing better? I'm here to learn.
+
+A recent post from another Redditor made me start to question everything I've been doing. It caused me to question whether I'm fundamentally misunderstanding something and getting a false sense of profitability. The uncertainty is specifically about the concept of "rolling". I roll almost every trade when it reaches 50-75% profit.
+
+I track every transaction from my brokerage and add up the net debits and credits.
+
+I tried posting a link to my tracker spreadsheet but the post wasn't showing up, so here are some screenshots...
+
+​
+
+https://preview.redd.it/gsy8wxv0rqq71.png?width=1672&format=png&auto=webp&s=21b0c40251f40a94bccf4cf278a2835bc47a88eb
+
+​
+
+https://preview.redd.it/r240snv1rqq71.png?width=1244&format=png&auto=webp&s=8430381334f30c6f9fadd80618317b35fbe25e51
+
+​
+
+https://preview.redd.it/68r7q1u2rqq71.png?width=1213&format=png&auto=webp&s=5d3f3a8e262c13c50e2de403e198db6f007ee629
+
+​
+
+https://preview.redd.it/8a7pb3v3rqq71.png?width=1213&format=png&auto=webp&s=298f2c8e0a1fec595b40d225732b305f5b2039bd
+
+​
+
+https://preview.redd.it/1jllofp4rqq71.png?width=1197&format=png&auto=webp&s=0873f392bac8a7f75212e051154179ee87eb3603
+My wife and I were about to sign the contract for a house then Monday morning I found out they're promoting me to another location. Being that I could technically decline and say no however this would limit my career growth/advancement since I was still entry level. Now upper management want people "willing to take risks" and "multi-experience" in different locations which I feel is all total BS nowadays. It just feels frustrating that they expect us to move every couple of years to go up the ladder and even if that wasn't the case the only way to move up is to jump companies as well which may in a totally different location. Any thoughts?
+ 
+
+https://preview.redd.it/bqhzxjzexl171.png?width=1515&format=png&auto=webp&s=9f0b09c339dc59d0d9e61a63e1355022f77e7d9d
+
+This is 114 months from 4/14/21 there are so many data points you can't see it's absurd
+
+So a beautiful autist wrote some code and put the data on tableau, it's the harvested FINRA FTD data for all tickers available.
+
+Link: [https://public.tableau.com/app/profile/gmeshortsqueeze/viz/SECFails-to-DeliverData/SECFails-to-DeliverData](https://public.tableau.com/app/profile/gmeshortsqueeze/viz/SECFails-to-DeliverData/SECFails-to-DeliverData)
+
+This is worth playing around with. But, when you do, you will come to the conclusion that this has been going on a long time, and has been predatory and systematic in nature.
+
+GME is an outlier in these 2,287 trading days GME has had FTD's on 2,014 of them, so everyday except 273 trading days that's roughly 9 out of 10, well I sure all stocks have that right since they make it seem so trivial and just a case of happenstance.
+
+Well in those 2,287 trading days there were a total of 36,839 tickers traded, that has us coming in at a incredible ranking of #17 they probably all have something similar to that going on... right?! WRONG the bar chart distribution graph on the bottom shows you how many tickers have had fails on, how many days during this period. Well GME's stats just like our rocket is out of this world the number 2,014 isn't even displayed it's so high. GME is in the 99.999% percentile of the most consistently failed to deliver stock on the market for the last 10 YEARS!!
+
+For some kicks lets compare it to a stock like AAPL that's a blue chip stock with Billions of shares with all of that trading there's gotta be some trivial happenstance type stances happening trivially there too right. It's had fails on 1931 days a stock with 16.7 Billion shares outstanding so many shares they don't even round down to GME's shares in existence. Average volume of nearly a 100 million shares, and there numbers aren't near GME's think about that.
+
+Go ahead and look at TSLA's the just went through a short squeeze correct, I feel like that's more of an upset stomach, while more consistently failed, the number of fails is nowhere near GME's and their shares outstanding are over 950 Million.
+
+Closely ranked in the top 10 also are the two ETF's that contain GME that have been borrowed to hell XRT and IWM.
+
+📷
+
+https://preview.redd.it/eihqw2nfxl171.png?width=1552&format=png&auto=webp&s=82a029028b7b87984261d0d25be03834391a806e
+
+For full context GME paid a quarterly dividend up until March of 2019, which would make it less attractive to short, but you know that wasn't stopping them completely. Jim Bell the canned CFO who they wanted out of there so bad, they gave him "Good Reason" and he collected a 2.8 Million dollar bonus, that was to get him out a whole 4 months early. He was hired in June 2019, and you can't make me believe that he wasn't Steve Cohen, Gabe Plotkin, Virtu, Susquehanna, Citadel's man on the inside. It isn't these guys MO to throw a dart at a board they like to have an inside scoop. He had already ran Coldwater Creek down, a stint at Red Lion Hotels then sunk PF Changs before Gamestop, and he's currently at Backcountry in Park City, Utah. I wonder how those interviews go, so... how many of your former employers are out of business CFO dickhead?
+
+We also, know how many FTD's they have had to conceal through married puts.
+
+I want to take a little Poll how many shares real and counterfeit do you think exist?
+
+Price is wrong style, closest without going under in the comments
+Summary: 
+
+- Oct-Dec annualised GDP shrinks 6.3% vs f’cast -3.7%
+
+- Private consumption down 2.9% vs f’cast -2.0%
+
+- External demand adds 0.5 pct point to growth
+
+- Domestic demand knocks 2.1 points off growth
+
+- Some analysts warn Japan may slide into recession
+
+Link : https://www.reuters.com/article/japan-economy-gdp/update-1-japans-economy-shrinks-at-fastest-pace-in-6-years-virus-clouds-outlook-idUSL4N2AE05X
+I mean, it makes sense in the end and they are dirt cheap right now. I do understand the problems coming with options and I do understand that I eventually lose everything on those calls, but let's be real: the cost e.g. for GME Feb18'22 240.0 Call are $490 right now. It's not exactly life changing money and those translate to "only" three shares. Let's give it a try, if really some run is going to happen in the next days or weeks, I am possibly converting those to shares in the end. Who knows, I have written this money off for now. But it seems to be pretty clear to me that sufficient "long" power is somehow bound to options.
+
+Addendum as it hit front page: I am DRSing my shares (300, yes, just like the movie, how poetic!) as well, but it simply takes ages as a German.
+Hi. So im sure investors tend to not have a myopic view of economy worrying about the short term but can we discuss what happened in the last 3-4 months and what happens going forward? I mean with the market falling off the cliff and then making an impressive recovery so quickly, it seems many experts were really surprised as well.
+
+Now I see a couple of contrarian views developing- some argue that the worst is over as far as the economic effects of the pandemic are concerned as we are unlikely to have any more state/ nationwide lockdowns and the economy should do better. Markets have not risen as much as in US or Germany in the recovery phase so there can be a significant upside still left in sensex.
+
+Another view is that there is a dissociation between market and economy right now and once the real economic impact of pandemic reveals itself there might be another crash happening sooner or later.
+
+Your opinions, my fellow investors?
+UPDATE: New FTDs and SI are available for early april. All figures have been updated and some text where relevant[.](https://preview.redd.it/8r7jsff0icw61.png?width=4500&format=png&auto=webp&s=65356fa29f7d2a67acf0ec97f17bbed432d74b07)
+
+In my recent post [The naked shorting scam in numbers](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/) I looked at options activity that could be used for mass naked short selling (Deep ITM calls and married put trades) and weird OTC trade data for GME in 2021. Since then I've taken another look at the ETF data to help complete the picture.
+
+**TLDR**: Short positions were shifted from GME to related ETFs after the Jan mini-squeeze. XRT and IWM were the ETFs of choice in Feb, in march dozens of ETFs have been used. As reported SI decreased in GME the ETF IWM had simultaneous increases in reported SI. Total value of reported SI (GME + ETFs) remains as high as ever at 27+ billion dollars owed. Hiding FTDs and SI in ETFs must be massive ball ache and does nothing to solve the short problem.
+
+*^(Note: this is not financial advice. I am not a cat. I gathered some data, made some figures and tried to understand them. Any number of my interpretations could be flawed and wrong. Do your own research, make your own mind up.)*
+
+# Introduction
+
+Back in Feb the apes felt cheated. Robinhood and other brokers blocked retail buy orders at the end of Jan 2021 and GME price crashed back down. The media claimed GME was over. Other subs and paper hands laughed at the 'bag holders' and I can't have been the only one to think maybe I was crazy to be hanging on. That was until the DD started to flow and we found shorts shifting their positions to ETFs.
+
+DD apes like u/ahh_soy started to find [massive short interest in GME containing ETFs](https://www.reddit.com/r/GME/comments/ljwo3v/serious_researchers_needed_now_i_think_i_know/). XRT was a main EFT of interest back in Feb. Here is a [Baron's article describing how ETFs can be used to short specific stocks](https://www.barrons.com/articles/synthetic-shorting-with-etfs-1488206009) and another [academic paper for further reading if interested](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2836518).
+
+With all the great DD work since then we now know that GME short positions are almost certainly being hidden in ETFs and using different types of options fuckery. I left out analysis of ETFs in the past because it can get complicated but a [recent post](https://www.reddit.com/r/Superstonk/comments/mvvmvp/time_to_expose_the_shell_game_ftds_can_be_reset/) by u/augrr inspired me to take another look.
+
+# ETF Fail to Delivers
+
+I selected GME and 19 ETFs containing GME. I chose to only look at the ETFs that contain the most GME shares and had large numbers of FTDs in 2021.
+
+​
+
+[Total FTDs for GME and selected ETFs in 2021 with GME close price overlaid.](https://preview.redd.it/8r7jsff0icw61.png?width=4500&format=png&auto=webp&s=65356fa29f7d2a67acf0ec97f17bbed432d74b07)
+
+Notice in this plot that GME made up most of the total fails throughout Jan 2021. As price spiked during the Jan mini-squeeze GME FTDs decreased but FTDs in all ETFs spiked.
+
+Interestingly XRT and IWM had the most fails throughout Feb. After the apes learnt about XRT and IWM fails at the end of Feb FTD fails started to be spread across a multitude of other ETFs. If managing FTDs in GME was a pain in Jan imagine the poor fuckers who now need to keep a lid on FTDs across 20+ GME containing ETFs.
+
+Edit: Early April data now included. IWM again seeing the most fails of all the ETFs but FTDs continue to be seen across many of the other ETFs.
+
+​
+
+[Total Value of FTD fails for GME and selected ETFs in 2021 with GME close price overlaid.](https://preview.redd.it/nb4p4mq2icw61.png?width=4500&format=png&auto=webp&s=0bfc03d39c23f228f289b972fbca0d555632591f)
+
+This plot is similar to the previous one but now looks at the total value of FTD fails in dollars. Here we see that even though GME FTDs were very low in March the total value of ETF fails was comparable with the total fails seen in early Jan.
+
+Could the massive spike in IWM fails at the end of Feb be what led to the price run up in early March??
+
+​
+
+[Total FTDs for GME and selected ETFs since Jan 2020 with GME close price overlaid.](https://preview.redd.it/01feidw6icw61.png?width=4500&format=png&auto=webp&s=71cbe0f0112fa2b72eccd32950334f5c98a8c1d7)
+
+Here we see the GME and ETF FTDs since Jan 2020. Because there has been such an exponential change in GME share price over the last year I'm using a log scale here.
+
+​
+
+[Total FTDs for GME since Jan 2020 with GME close price overlaid.](https://preview.redd.it/fqkc18s9icw61.png?width=4500&format=png&auto=webp&s=a4bfa72910ed35de96684b6f16b7730adbaa3451)
+
+[Total FTDs for selected ETFs since Jan 2020 with GME close price overlaid.](https://preview.redd.it/8dbke22cicw61.png?width=4500&format=png&auto=webp&s=af50d6cc11489c5a41bc1d949005aafd2153fb30)
+
+These 2 plots are the same as before but just separating out GME and ETF fails to make some of the observations clearer.
+
+A few things of note:
+
+1. GME FTDs (light blue) emerge in 'clumps' with many fails over successive days
+2. The time between GME FTD clumps can range from a few weeks to even a few months before exploding again (relatively few fails between May and Sept 2020)
+3. Of the ETFs IWM has the most fails, occasionally reaching 8 million+ shares failed to deliver
+4. IWM FTD spikes appear to follow spikes in GME FTDs. The exception being huge IWM FTD clumps in June 2020 despite there being not so many GME FTDs.
+5. Fails across all GME containing ETFs have been consistently large throughout March even if GME FTDs were reported to be low.
+
+Edit: Some further observations. GME price seems to move with spikes in GME FTDs but also often with ETF FTDs. Look for example at big spikes in IWM FTDs and GME price movements in 2020 and at the end of Feb 2021.
+
+# ETF Reported Short Interest (SI)
+
+W can also look at reported short interest for the GME containing ETFs. The shorts are completely fucked if they let the true short position in GME be know. This is why they've gone to such lengths to make the GME short position appear so low. However they're unlikely to be able to manipulate the reported SI across all the GME containing ETFs as well.
+
+These plots take a look at reported SI for GME and the selected GME containing ETFs.
+
+​
+
+[Reported SI as number of shares sold short for GME and selected ETFs.](https://preview.redd.it/xrmdwd1kicw61.png?width=4500&format=png&auto=webp&s=534ebe05a0257738b5dfd988346ac2d59474cb84)
+
+The total number of shares reported to be sold short for GME and ETFs remained fairly consistent throughout 2020. At the end of Jan 2021 GME SI was reported to drop significantly but at the exact same time we see an increase in the number of IWM shares sold short.
+
+Edit: With the new early April data we see even more short interest for IWM then in March.
+
+​
+
+[Total value of reported SI for GME and selected ETFs.](https://preview.redd.it/9rh6wzplicw61.png?width=4500&format=png&auto=webp&s=956a1e158b5a6381b6492178f75a1b234f9c2b3f)
+
+With the shift of SI in GME to IWM the actual value of reported SI has not decreased in any meaningful way. Approx 27 billion dollars worth of shares are reported to be sold short for GME and the selected ETFs.
+
+Edit: With new early April data the total value of outstanding SI for GME and all ETFs is now greater than 30 billion dollars.
+
+# Bonus: Exponential price increases since RC declared his GME position on Aug 18th 2020
+
+[Exponential price increases in GME since Ryan Cohen revealed his GME position.](https://preview.redd.it/ldlw7maf7bw61.png?width=3343&format=png&auto=webp&s=eadce2d1b1650baa6ac6175bc9d5ef716429be53)
+
+This plot isn't related to ETFs but I thought it was interesting enough to include.
+
+In the first half of 2020 GME share price remained pretty flat, even slowly decreasing in value. On Aug 18th 2020 Ryan Cohen revealed his GME share purchase. Since then GME share price has increased exponentially. Even with current prices and sideways trading we remain on this exponential trajectory. If this were to continue then prices would naturally reach the realm of a margin call.
+
+# ETFs with GME in April 2021
+
+[ETFs containing GME. Total dollar value of GME and % allocated to GME.](https://preview.redd.it/6z7iur95cbw61.png?width=5400&format=png&auto=webp&s=081c91738218e38a847aae0d08537b98321e3ed3)
+
+Not much to say about this plot but it contains info on all GME containing ETFs as of April 2021. Could be useful for other people to use when starting a DD.
+
+# Conclusion
+
+This data appears to show a shift of short positions from GME to related ETFs after the Jan mini-squeeze. XRT and IWM were used the most in Feb before the apes caught on. Did the shorts then switch to 20+ other ETFs to hide their fuckery again? This is definitely possible as the ETF FTDs seen in March were much larger than typical values in 2020.
+
+As well as FTDs being shifted we see evidence of SI being shifted from GME to ETFs. The main ETF used here appears to be IWM. Total  remains as high as ever at 27+ billion dollars owed.
+
+The short fuckery being done with ETFs as well as [what we've seen using options trades](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/) paints a clear picture of manipulation on the short side. All of these efforts reek of desperation from the shorts as their only hope of escape is making apes scared or bored. But I ain't going anywhere. ***I like the stonk***.
+
+🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
+Terrible index to invest in. I use to look at companies to invest it but just don't bother anymore. I have AZN and Unilever, and even those aren't great.
+What are your thoughts on Tesco’s one time special dividend payout this month? The dividend is 50.93 pence per share which seems too good to be true (currently trading at 244p).
+
+My concern is there has been a steady rise in share price since the announcement, and that this will drop sharply straight after the dividend - if people decide to sell after the payout. I am thinking of buying more shares, and selling just before the dividend payout if the price has risen substantially.
+
+What are your thoughts on the risk?
+TLDR: The free "gift stocks" you get are counted as an ISA contribution for the year.
+
+This was my own mistake, however. I have two S&S ISA's and this year i have only been paying into my Vanguard one. My T212 isa has money in from previous tax years i trade inside the wrapper. Recently i shared my referral promo code on the 212 subreddit, and ended up getting 14 free stocks..... this has ended up using £288.86 of my ISA allowance in the T212 ISA, meaning i have accidently paid into two stocks and shares ISA this tax year.
+
+Searching reddit questions on paying into more then one S&S isa in one tax year this means HMRC will either give me a slap on the wrist, or force close one of my ISAs.
+
+It was not obvious to me these free stocks would count towards the ISA deposit allowance, thinking about it now it makes sense but just a heads up for people.
+I've been reading this sub for a while, and I thought I'd share some things I've recently found.
+
+Link2Labs is a website that lets you order your own blood tests without a doctor. The results come back with the standard range so you can see where you are at. If you don't have insurance and have a family history of something or don't feel well, this is less expensive than an out-of-pocket doctor's visit. If the results are scary or confusing, you can then make the appointment to consult a doctor.
+
+Also, Groupon has eye exam and glasses coupons. Comprehensive eye exam and $150-200 towards glasses for $50-60 depending on the vendor.
+
+I saw dental and chiropractic coupons on Groupon as well.
+
+That's all I have for now. If I find more I'll post again!
+Some context/background, I lived my teenage years in the Netherlands before my family moved to Ireland. My schooling/education and work experience is all in Ireland. For as long as I can remember I've wanted to return to NL, this opportunity is there but with some drawbacks.
+
+From what I can find salaries in NL are definitely lower and I've been fortunate to receive a job proposal at 500e less than my current salary (10%). To a point I'm ok with this as it's an opportunity to move and not lose out too much. Taxes are pretty much similar between IRL and NL for the same gross salary. 
+
+I know it's only 500e a month (I will recoup some of this if I'm eligible for 30% rolling) but the salary ceiling seems to be lower in NL compared to IRL. I'm a little unclear on bonuses and the like (12.5% of salary currently) and NL has compulsory pension contributions (at present I don't have this however I contribute 10% of my salary currently).
+
+Life is not bad in Ireland, financially I'm more comfortable and have room to grow further in my current role or by moving. What I gain from moving is a better quality of life, but is this worth it financially? (Side note, I do think so but I'm afraid I'm overlooking something (fully aware of the housing issues in both countries))
+I live in Spain.
+
+My (25F) dad died when I was a teen and, bc he had a life insurance, I receive about 40k€ from it. My mother decided to put it in a conservative investment fund, and it made only a few hundreds in a span of some years. When the pandemic started, the money in the fund started to drop (I lost around 3-4k) and since I was already the owner of the money, bc I was 20+yo, I decided to withdraw the money, against the advice of the bank (I know maybe it wasn't the best decision but I was afraid bc that's my only financial cushion and the only thing I have left from my father, and bc I have some trouble trusting banks). 
+
+Back to the present, I'm working at the moment and able to save part of my earning, about 500€ a month. Right now I have about 20k left of that money, and it's in a savings account, so it's not invested at all. I would like to do something with the money bc I know I'm actually "loosing money" having it there bc of the inflation. I know nothing about investments and it's not enough money to buy a property and rent it (which I think that would be my best option once I have enough money). 
+
+Could you pleeeaaase give me some advice about what to do with that money? I'd obviously like to make some profit out of it but I have no clue and no one to give me some knowledge advice about it.
+
+Sorry for the grammatical errors in advance, English is not my first language.
+
+Edit: Since it's important for the advices, my final goal is to own real state and be able to pay my own mortgage with my salary. Just as simple as that.
+
+thank you so so much for your help. I just want to clarify that, obviously, if I choose to invest in etf or any other stock involvement I would have to study how to do it and that's another whole story. Really appreciate any advice about this and know I will not jump into the crypto world right away, thanks for your concerns since I'm young and new with money but I am also quite conservative in that way :)
+Hello Everyone!
+
+Ape help ape.
+
+Howdy all! I've been immensely happy for the good reception this has been getting, and for all the people helping in their needs. I'm just so happy for that. Now just like I always ask, is everyone holding up okay? Still very much turbulence in the world right now, as well as personally for some. Alot of people have been having things rough. It's okay to take a breather! Maybe do a little yoga, in, out! Ahhhhh!
+
+
+ IT'S THE FINAL COUNTDOWN! DUH NUN NUN NUN DUN DUH DUN DUN DUN DUN! So earlier this week, Ryan Cohen filed for the right to sell some of his bath stock within 90 days, leading to wild speculation of many things. If this means anything, who knows for sure. But it does tell you that Ryan still is acting out his plan for GME, and that soon tendies and generational wealth will be here for all. So then after all this happened, Ryan did end up selling his bath stock yesterday, showing that GME is and always was the one true MOASS play. I'm excited for what the next few days will bring!
+ 
+Now on to the fun stuff. Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. Anonymous is the word, no one is asking for anyone to be doxed here.
+
+No one should be without. We're all family here. Even if this helps a few people then it's worth it.
+
+If you need help, if you're struggling, please ask. We are all a community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! If you just need to vent that's fine too.
+
+Just wanna go over a few ground rules for this post. Feeling frustrated and tired here IS okay, but spreading FUD is not. A little leway will be given but outright **saying you sold** (true or not) is not the best to post and **WILL be considered FUD.**  No fud please. Basically not spreading of fud and not talking of selling and you'll be good. Also helping out is absolutely okay, and welcomed, but I think the line has to be drawn at posting things like official charity links and gofundmes, at least here in the comments. Also remember that while this is an online community, we are all individual investors. But also remember that needing help is okay and you're not alone.
+
+As for the critics, not everyone who's struggling is over leveraged. Alot can change in a year or even just a few months, and you just never know what people are truly going through. Also many people who have no idea what's happening with GME currently are feeling the effects of the state of the economy right now. A little compassion never hurts 😄.
+
+Cheers everyone 🍻, and hope everyone has an awesome weekend 😊.
+
+Use your gut and ape help ape! WAGMI. And remember, Power to the Players 🥢! DRS! 🦍❤️
+ Stay cool! Don't lose hope, not just in moass or Ryan Cohen, but never lose hope in yourself! Love everyone.
+Here's the insert that goes with his present. 
+
+http://imgur.com/a/QxJ7N
+
+I've rounded out the numbers obviously, but I think it works well to explain to a 14 year old the value of savings. It should spark a conversation with him about it more. 
+
+Both my kids already have educational savings accounts set up for them for college/university, and get regular presents. *Anything else I should add/change about this?* He is also getting other gifts, but this is in my opinion one of the best ones that he probably won't fully appreciate until he's older.
+
+**edit:** I went away for lunch, came back and this had gone bigger than expected. I am going to adjust the returns to be more realistic after reading the discussion. Some feel I shouldn't make this part of his birthday as he might perceive he's been cheated a gift. He's not that sort of kid, and tends to get gifts for being awesome year round anyway. May post another update in 8-9 hours to report on how it was received. 
+
+**Update Edit:** So the night of fun is over. He's upstairs having a blast with his presents, most happy with his new headset as was expected, and was interested in learning more about his savings present. As was expressed by many different people below, *your mileage may vary depending on the audience*. My 14yr was cool with it luckily. 
+Hello UK Finance
+
+I did something really stupid 9 years ago and wonder if anyone in this sub has any idea what the outcome will be for me.  
+
+I’m an Australian who lives in Australia and recently lost my job – its in an industry in turmoil so not totally unexpected. I was fortunate enough to get a job doing customer service at one of the big banks here. They’re currently doing my background checks – which are extensive being that it’s a bank. 
+
+9 years ago I was living in the UK on a working holiday visa and in or around the middle of 2013 I took out a bunch of payday loans (cannot remember all the companies names – one was Wonga) of about 400-500 pounds and then left the country a few months later. Yes, it was stupid of me and wrong. I made some questionable life decisions back in those days, this is the last of those decisions to deal some potential karma to me.
+
+They are currently doing a financial and criminal check on me now, and because I lived in the UK within 10 years of applying for this role, they need to check my “financial and criminal history” over there. I know 100% I have no criminal convictions in the UK (I had to do a criminal check 2 years ago for another job), but it says that they’re doing a financial check. Which is fair enough, being a bank. Finances in Australia are in perfect shape. 
+
+Will they find something on me from these defaulted payday loans? Should I start looking for another job? How long does this kind of thing stay on your file?
+
+Edit: thanks heaps for everyone replying. I got a report from TrustOnline for any CCJs against my name and there aren't any. Hopefully without having any CCJs against my name that's good news. But will wait and see how the background check goes! Will keep you all updated!
+And will be applying for a few jobs in the meantime just in case.
+
+We are going to do worst then what was initial estimate of almost zero growth. 
+
+This is a substantial hit and worst affected sector will be consumer discretionary and financials. 
+
+[Link](http://Nomura cuts India's FY21 GDP forecast to -5.2% from -0.4% earlier
+
+https://www.cnbctv18.com/economy/nomura-cuts-india-fy21-gdp-forecast-to-52-from-04-earlier-5885661.htm)
+Not sure if y’all heard about the wildfires in Colorado today but they were/are pretty bad. I managed to save the most important thing to me being my dog, but lost my home. It could be worse as I just moved so some stuff is still in storage and I have 30 some ought hours before I have to be out of my old place. With the amount of damage done, it’s possibly not only me - y’all ain’t alone and trust in diamond hands,  It’s helping to get me through.
+
+Edit: Update - Tomorrow after work, I am posting several volunteer opportunities and charitable donations going around to help those whom were impacted in my subreddit I created a while ago for charities after MOASS. I am also working with several families to create go fund me’s for the pets of the families, some pets were severely injured and the treatment is wiping a significant portion of savings. I know I said I’d post no go fund mes and I meant to stand by that but it’s the way these families are choosing to pursue help. I am also starting one for myself for full disclosure, mine is due to losing some important paperwork that will costs a bit to replace, most of it is sentimental to me. If you chose to give, please help the families or the verified charitable organizations I post in my subreddit.
+For those of you who travel in the EU, may be worth checking if you can avoid roaming charges by swapping to another carrier (BBC have an article about it - [https://www.bbc.co.uk/news/business-59930934](https://www.bbc.co.uk/news/business-59930934)).
+
+More generally, it amazes me how much people pay for phone contracts when they're getting cheaper and cheaper if you look around for SIM only contracts.
+
+​
+
+​
+ok, I work for FINRA, so let's get this straight.
+
+RC had access to non-public material information because he has been meeting with the board of directors over at BBBY. We all know this. He sent a rather poignant letter many moons ago. He even advised the share buyback. He also ~~owns~~ owned a substantial portion of that company in common stock. The options do not count towards his share count.
+
+In my professional opinion, and yes, it counts, because if this were ever to land in my arb room, I'd determine the same:
+
+RC is an insider at BBBY. That is why they submitted a form 144 and 13f to cover their bases.
+
+Done, now move on people.
+
+MODS, happy to verify if needed u/platinumsparkles can confirm my identity and position.
+I’ve always been one to buy things just because it’s there and at a cheaper price, I’ve always struggled to stop myself and say I might not actually need this. How do you stop the urge?
+So when people start discussing squeeze, and fake squeeze, and no squeeze, keep the above in mind when you're doing napkin math with your calculations. To me, the above is the worst case scenario. The WORST case. So is it hard to hodl? The people who have ANY concern about squeezes will be the ones that fomo in at 1.5k share price. They have to wait and see if RC and apes can execute on the vision and get it to it's potential of 15k. The ones who fomo in at 15k are relying much more on the squeeze than anyone here or at 1.5k. When people say "Hedgies R fck", THIS is why.
+
+​
+
+All of the above is without considering any squeeze. Just doing napkin math valuations based on a unicorn tech startup taking over a new expanding industry primed for hypergrowth (gaming and NFTs.)
+***EDIT:*** *I'm adding some DO-NOT-MISS comment links at the top here:*
+
+* u/throwawaylurker012:
+   * [*https://www.reddit.com/r/Superstonk/comments/t6qk52/comment/hzd6a5n/*](https://www.reddit.com/r/Superstonk/comments/t6qk52/comment/hzd6a5n/?utm_source=share&utm_medium=web2x&context=3)
+   * [*https://www.reddit.com/r/Superstonk/comments/t6sjl3/comment/hzd5eyl/*](https://www.reddit.com/r/Superstonk/comments/t6sjl3/comment/hzd5eyl/?utm_source=share&utm_medium=web2x&context=3)
+* u/CruxHub:
+   * [*https://www.reddit.com/r/Superstonk/comments/t6qk52/comment/hzdjlyb/*](https://www.reddit.com/r/Superstonk/comments/t6qk52/comment/hzdjlyb/?utm_source=share&utm_medium=web2x&context=3)
+* u/JustBeingPunny:
+   * [*https://www.reddit.com/r/Superstonk/comments/t6qk52/comment/hzcqq8h/*](https://www.reddit.com/r/Superstonk/comments/t6qk52/comment/hzcqq8h/?utm_source=share&utm_medium=web2x&context=3)
+* u/eaglekeep3r:
+   * [*https://www.reddit.com/r/Superstonk/comments/t6qk52/comment/hzd742g/*](https://www.reddit.com/r/Superstonk/comments/t6qk52/comment/hzd742g/?utm_source=share&utm_medium=web2x&context=3)
+
+​
+
+# = = = = = = = = = = = = = =
+
+***\*\*\*ORIGINAL POST BEGINS HERE:\*\*\****
+
+# CALLING ALL WRINKLE BRAINS:
+
+**Considering all the recent findings/discussions around Leverage, Equities, and Derivatives,...**
+
+* *Recent Example:* u/JustBeingPunny\*'s post from a few days ago\* [*\[HERE: "CITADEL ARE LEVERAGED TO THE TITS...."\]*](https://www.reddit.com/r/Superstonk/comments/t4gxzp/citadel_are_leveraged_to_the_tits_900_billion/)
+
+...**the  fact that Kenneth C. Griffin + Citadel just created "Citadel International Equities" is very likely a significant development that will provide new avenues of investment & revenue fuckery for Citadel...**
+
+​
+
+# NOTE: WEN ANNOUNCE, CITADEL?:
+
+* ***Not a single news/PR release has been made about this brand new "Citadel International Equities" group (***[***Google Search Shows "No results found"***](https://www.google.com/search?q=%22Citadel+International+Equities%22&biw=1600&bih=839&tbs=sbd%3A1&tbm=nws&ei=sVwiYtH6LtmbptQP46-48A8&ved=0ahUKEwiRl56Xja32AhXZjYkEHeMXDv4Q4dUDCA4&uact=5&oq=%22Citadel+International+Equities%22&gs_lcp=Cgxnd3Mtd2l6LW5ld3MQAzIFCAAQgAQyBggAEBYQHjIGCAAQFhAeMgYIABAWEB4yBggAEBYQHjIGCAAQFhAeMgYIABAWEB4yBggAEBYQHjIGCAAQFhAeMgYIABAWEB46BAgAEENQswdYnA1g5w9oAHAAeACAAVWIAeABkgEBM5gBAKABAcABAQ&sclient=gws-wiz-news)***), by either Citadel or any M$M outlets they $peak to***...
+* ***Which I SOOOO FUCKING HOPE means Kenneth C. Griffin wasn't ready to announce this to the world yet. ;)***
+
+​
+
+**The details I've collected so far are below- somewhat thin, but I'd rather not waste time alerting the wrinkles to this :)**
+
+[*^(https://i.redd.it/q52pyfqd0hl81.png)*](https://i.redd.it/q52pyfqd0hl81.png)
+
+https://preview.redd.it/pitz03urhfl81.png?width=3104&format=png&auto=webp&s=c9e754c9ad35415c7599d85fb913d15a3cbe73ff
+
+# = = = = = = = = = = = = = =
+
+# 
+
+# "Citadel International Equities":
+
+* **"Citadel International Equities" (CIE):**
+   * Was not listed on Citadel's "Investment Strategies" page until Feb 28, 2022:
+   * Old page: [https://archive.is/K9GL8](https://archive.is/K9GL8)  New page: [https://archive.is/qW8va](https://archive.is/qW8va)
+   * Page modification timestamp (Feb 28, 2022):
+
+https://preview.redd.it/ylehatzxqel81.png?width=1316&format=png&auto=webp&s=664f189c59d677ca417325d7bd8fa79a9c981932
+
+* **Live CIE page:**
+   * [*https://www.citadel.com/investment-strategies/citadel-international-equities/*](https://www.citadel.com/investment-strategies/citadel-international-equities/)
+* **Archived CIE page:**
+   * [*https://archive.is/5PZjB*](https://archive.is/5PZjB)
+* **CIE Headed by:**
+   * Sean Salji
+      * *Live page:* [*https://www.citadel.com/leadership/sean-salji/*](https://www.citadel.com/leadership/sean-salji/)
+      * *Archived page:* [*https://archive.is/ojThg*](https://archive.is/ojThg)
+* **Opening page copy:**
+   * *"****Established in 2022****, Citadel International Equities (International Equities) is a multi-manager equities business comprised of the firm’s equity operations in Europe and Asia. The business is run out of London, with leadership and central operations teams in both Europe and Asia. \[...\]"*
+* **Video interview posted 2 days after CIE page went live:**
+   * Citadel added a new page to their "Industry News" section:
+      * **Title:** *"What is the history of the derivatives market? March 3, 2022"*
+      * ***Stephen Berger***\*: Global Head of Government & Regulatory Policy\*
+      * ***Heath Tarbert***\*: Citadel Chief Legal Officer, speaks with Stephen Berger\*
+      * Live page: [*https://www.citadelsecurities.com/news/what-is-the-history-of-the-derivatives-market/*](https://www.citadelsecurities.com/news/what-is-the-history-of-the-derivatives-market/)
+      * Archived page: [*https://archive.is/evLWB*](https://archive.is/evLWB)
+      * Possibly a relevant entry to time up w/ the newly established group- this video interview may be Citadel seeding plausible reasons to be starting CIE right now to their investors
+      * Video itself:
+
+​
+
+* **CIE Job Listing "International Equities Associate":**
+   * Live page:
+      * [*https://www.citadel.com/careers/details/international-equities-associate/*](https://www.citadel.com/careers/details/international-equities-associate/)
+   * Archived page:
+      * [*https://archive.is/1nk10*](https://archive.is/1nk10)
+* **Google search showing the only CIE web result from** [**Citadel.com**](https://Citadel.com) **is from Tue March 1, just 3 days ago:**
+   * [*^(https://www.google.com/search?q=inurl%3Ahttps%3A%2F%2Fwww.citadel.com%2Finvestment-strategies%2Fcitadel-international-equities%2F&biw=1600&bih=839&source=lnt&tbs=cdr%3A1%2Ccd\_min%3A1%2F1%2F2000%2Ccd\_max%3A3%2F4%2F2022&tbm=)*](https://www.google.com/search?q=inurl%3Ahttps%3A%2F%2Fwww.citadel.com%2Finvestment-strategies%2Fcitadel-international-equities%2F&biw=1600&bih=839&source=lnt&tbs=cdr%3A1%2Ccd_min%3A1%2F1%2F2000%2Ccd_max%3A3%2F4%2F2022&tbm=)
+* **Google search specific to** [**Citadel.com**](https://Citadel.com) **showing only 4 CIE mentions on the entire domain:**
+   * [*^(https://www.google.com/search?q=site:citadel.com+%22Citadel+International+Equities%22&source=lnt&tbs=li:1&sa=X&ved=2ahUKEwjqw)*](https://www.google.com/search?q=site:citadel.com+%22Citadel+International+Equities%22&source=lnt&tbs=li:1&sa=X&ved=2ahUKEwjqworEga32AhXDN30KHVTDBg0QpwV6BAgBECA&biw=1600&bih=839&dpr=1.8)
+
+​
+
+# "Citadel Global Equities":
+
+* **As noted, CIE is NOT the same as CGE**
+* **Headed by:**
+   * Justin Lubell
+* **Live page:**
+   * [https://www.citadel.com/investment-strategies/citadel-global-equities/](https://www.citadel.com/investment-strategies/citadel-global-equities/)
+* **Archived page:**
+   * [https://archive.is/5exaT](https://archive.is/5exaT)
+* **Opening page copy:**
+   * *"****Established in 2001****, Citadel Global Equities (CGE) is Citadel’s founding fundamental equities business. CGE brings together the leading minds from across six primary investment sectors ranging from Consumer to Energy to Healthcare. Within CGE, our Primary Strategies team supports corporate capital formation by investing in initial and follow-on issuances of stock."*
+
+​
+
+**Side by side of each live page:**
+
+https://preview.redd.it/irsh7sq6mel81.png?width=3624&format=png&auto=webp&s=884f7e8e0620ea8ca651318e3aedf70f7735ebc5
+^TL;DR ^- ^Sorry, ^no ^can ^do ^on ^this ^one. ^Look ^through ^any ^post ^on ^any ^subreddit ^other ^than ^this ^one ^regarding ^NFTs. ^The ^people ^say ^it’s ^a ^Ponzi ^scheme. ^They ^won’t ^listen ^to ^debate, ^instead, ^the ^mods ^banning ^anyone ^daring ^to ^say ^a ^positive ^word ^about ^the ^technology ^and ^people ^typing ^in ^all ^caps ^to ^‘fuck ^off ^with ^your ^scam’.  
+
+^But ^you ^lot ^of ^dick-riders? ^You ^listen. ^You ^see ^a ^well ^typed ^out ^argument ^with ^sources ^and ^logic, ^and ^you’ll ^give ^it ^a ^read. ^I ^know ^this ^because ^I’m ^one ^of ^you. ^I ^waited ^for ^someone ^smarter ^than ^me ^to ^write ^this ^since ^last ^year ^when ^rumors ^of ^this ^marketplace ^were ^being ^whispered ^by ^the ^prophetic ^apes.  
+
+^But ^no ^one ^did. ^So ^I ^did. ^If ^this ^is ^shit, ^it’s ^this ^whole ^subreddit’s ^fault, ^partially ^because ^no ^one ^capable ^took ^the ^initiative ^and ^mostly ^because ^I’m ^trying ^to ^deflect ^all ^blame.  
+
+^So ^no ^TL;DR ^here ^because ^the ^whole ^point ^is ^you ^should ^know ^the ^details.  
+
+#Background  - Skip to ‘Advanced’ if You Have a Good Understanding of Blockchains and NFTs  
+
+So most of you know two things. One, the basics of NFTs. Two, how to rub your nipples the right way to masturbate.  
+
+Incase you live under a bridge and only achieve access to the internet every two years, NFTs are non-fungible tokens.  
+
+Let’s take a step back here. To understand this, you need to know what a token is (non-fungible simply means non-replaceable, or completely unique). To know what a token is, you need to take a step back, like how you had to analyze your ancestral lineage when you tried to figure out why a god would create something as miserable as you.  
+
+So a token is simply a digital asset being built and traded on a blockchain.  
+
+Blockchains are decentralized (meaning it it isn’t owned by any one entity and therefore out of everyone’s authority) open-to-the-public ledgers. They store records of transactions on a vast distribution of computers so the record can’t be changed (as no one has the ability to do so).  
+
+Ethereum, aka the chosen blockchain of GameStop, aka Mr Steal Yo Girl (ethereum is so much more secure than any bullshit sidechain), is, in my opinion, the crème de la crème (yeah I used google to spell that, fuck you).  
+
+So a NFT is simply a unique token built on ethereum. They can be traded, and they can store data.  
+
+Are you seeing possibilities like when you stood frozen at the mall watching the crowd, thinking any one of those men could be your father? You should be.  
+
+They can provide proof, and the safety, of digital ownership.  
+
+[Ubisoft deletes accounts.](https://www.nme.com/news/gaming-news/ubisoft-may-delete-accounts-if-inactive-for-six-months-under-gdpr-3121613). Thanks Ubisoft, for being the dick-shit villain we needed to prove that this is a real possibility.  
+
+When you buy a digital asset, you don’t own that asset. Buy a movie on iTunes. Can you send that movie to a friend? Can you resell it like you could with a dvd? Nope. Because Apple owns it. You’re just licensing it from them, despite ‘buying’ it.  
+
+When you buy a basketball at Walmart, then don’t play for 6 months, does Walmart show up and take the basketball back? Of course not! Why? Because it’s theft! You paid for it. You own it.  
+
+Why should digital assets be any different? After all, you paid for it. But you don’t own it.  
+
+Just like that prostitute you were belligerently drunk with.   
+
+With NFT technology, a game developer can mint their in-game item (which just means to add a specific item to a blockchain) and now the buyer truly owns it, much like young teens own you in [Call of Duty Vantage](https://mobile.twitter.com/gmedd/status/1466421103476322318). 
+
+#Advanced  
+
+What does true ownership mean?  
+
+These tokens can be stored in a wallet. That means if you buy an NFT, you can leave any specific exchange and hold it in a decentralized wallet. 
+
+A company can’t simply choose to delete your property because they don’t have the ability.  
+
+That’s one benefit of true ownership. Another, in my opinion, more important benefit is their tradability. You can give a digital movie to a friend or rent it out or sell it.  
+
+Imagine if you spent hundreds on Hearthstone. Then one day a paladin “hello”’s you and quit the game. In non-NFT games, you just wasted all that money.  
+
+Imagine how it would be if Hearthstone minted their cards.  
+
+Imagine you’re loved.  
+
+You can sell your collection to a noob as you leave, getting  value for the cards you rightfully own. And someone else will get cards for a deal. It’s a win-win.  
+
+Another big benefit of the unique mint codes is that it would cut all piracy of online games that use this technology to mint and sell their full games as NFTs. It would be as simple as allowing only approved game copy mints to connect.  
+
+The unique codes can also be used by luxury brand companies to give unique mint numbers proof of ownership. You think they wouldn’t want something as ironclad and cheap as that? Not when the industry as a whole lost [$323 billion](https://fashionunited.uk/news/fashion/global-counterfeiting-costs-luxury-brands-billions-of-dollars/2018051929734?amp=1 ) to counterfeiting in 2017.
+
+GameStop NFT is on layer two. That means that rather than paying ethereum’s $20-$40 gas fee, minting or buying and selling NFTs cost a dollar or less, without sacrificing ethereum’s godly security.  
+
+This greatly reduces the cost of every transaction and now it’s feasible to trade low value items. This is why GameStop took so long. They posted in their job applications that they’re in the cutting edge of technology and this is what they were talking about. Cheap ethereum trading is a huge key to mass adoption. And GameStop is first to market with it.  
+
+Here’s why they invented a new method.  
+
+The opportunity to become a tech giant.  
+
+GameStop NFT is onboarding every NFT from IMX minted games to its marketplace. Immutable X paid GameStop 150 million usd (in their IMX token). IMX is the token for the company Immutable X, who gives grants in the form of tokens to game developers and help them mint on their network.  
+
+In exchange, Immutable X gets a much bigger market which is great for them as they make 2% of every transaction’s purchase price on their protocol, [according to their whitepaper](https://support.immutable.com/hc/en-us/articles/4405227590799-Immutable-X-Whitepaper). Of that, 0.40% goes to the IMX token as buy pressure if the transaction isn’t done in IMX and GameStop NFT seems to use ethereum only. That means every $100 traded anywhere in IMX’s vast selection of game IP’s puts 40 cents of buy pressure on IMX.  
+
+That usage of the 40 cents will be decided by an upcoming DAO, but staking is likely.  
+
+The entire marketplace is built on Loopring’s protocol for their superior L2 solution. Loopring is a non-profit so they take a much smaller chunk of each transaction, 0.23%. Of that, 10%, or 0.023% of the total transaction is spent to buy LRC in the open market. The team indicated on twitter a few days ago that they are making changes to the tokenomics.  
+
+The great thing about LRC’s fee is the buy pressure can be voted by a DAO to burn it. This will forever reduce supply and therefore boost the value of existing tokens. It’s called deflationary, and it’s a rare investing opportunity.  
+
+Loopring may have a smaller piece of the pie, but they have a lot more pie.  
+
+Yes, GameStop worked so hard to make low value in-game items allowed to be cheap, but they’re not stupid. They see the opportunity for a much faster, safer, and cheaper alternative to OpenSea.  
+
+January 2022, OpenSea had 5 billion USD in volume.  
+
+Even though GameStop has a rabid fanbase and is working on a much lower gas fee, let’s say they sell the same amount. 5 billion times 12 is 60 billion. 0.023% of 60 billion is $138,000,000. That’s the yearly buy pressure on LRC assuming OpenSea’s volume. And no growth in users.  
+
+OpenSea takes 2.5% of every transaction. Let’s assume the same again.  
+
+GameStop would make 1.5 billion of extra annual revenue from this.  
+
+GameStop, under chairman Cohen, raised annual revenue from 5 to 6 billion, a very impressive increase in one year.  
+
+Are you reading for it to fly?   
+
+This is all assuming OpenSea’s numbers.  
+
+Personally, I believe OpenSea will be left in the dust and GameStop will have revenue over two billion a year at the end of 2023. Double or triple by the next year and multiplying again as mass adoption begins and people realize the benefits.  
+
+#The FUD (and my counter to it)  
+
+This section is some arguments from one guy because I’ve tried to engage anti-NFT sentiment a number of times, each time resulting in frustration. Most of the arguments are ones I made myself, because I never get a chance to hear actual logical arguments against NFTs.  
+
+The first guy is the only one that I was able to get into a good conversation with as we debated (well I debated, he mostly caps-lock spammed that NFTs are a pyramid scheme) before the thread was deleted I was promptly banned for life.  
+
+The subreddit was DCComics and I made a thread about DC Cards, a new card game that featured NFT versions of each card (minted on IMX, which means it’ll be tradable on GameStop NFT). The comment I originally replied to was “Get the fuck out of here, all NFTs are fucking scams!”  
+
+I reasonably argued my logical points while that rabies-infested animal slavered on about what a dumbass I was. I got banned for life.  
+
+My point of telling this is to illustrate the state of misinformation about NFTs. [FandomSpot](https://tokengamer.io/study-finds-69-of-gamers-hate-nfts-but-only-12-understand-them/?external=1) did a survey and found that 69% of gamers hate NFTs, but only 12% understand them. The researchers admit that the 12% is likely over-inflated.  
+
+That’s why it’s necessary, in my opinion, to include this section.  
+
+
+^NFTs ^are ^a ^scam. ^Look ^at ^how ^much ^*Bored ^Apes* ^are ^selling ^for ^and ^tell ^me ^that’s ^legit.  
+
+Remember way back, all those sentences ago, when I mentioned NFTs being minted? That’s very important because there is a known, public number attached to that minting. This number is traceable. Originals stay original, and provably so. A thing previously unknown to the digital world.  
+
+That means digital art is now collectible, just as physical art is. You can own original digital art and prove it. What other outcome could there be other than some of that art being sold for more than you’re comfortable with? That’s what happens, especially with collectibles like the *Bored Apes* collection is.  
+
+I don’t understand how high prices make them a scam. Is your mother a scammer just because she charges more than the other girls? No. The market found a price and this collection, for whatever reason, was chosen as the *one*.  
+
+^NFTs ^are ^a ^Ponzi ^scheme/ ^pyramid ^scheme  
+
+This one is the one that was type-yelled at me. It’s very weak, I feel bad for including it, but what can I do. It was used.  
+
+A Ponzi scheme is when someone lures investors in with huge profits that they secretly pay for with the money of future investors, never really investing the money and pocketing the left overs.  
+
+?  
+
+I don’t see the relation at all. I’m guessing they’re thinking some shadow group is pumping up the market by trading their NFTs to themselves for more and more ethereum?  
+
+If that’s it, it’s preposterous (I never used this word in a serious context before). For one, each sale would be taxed 25% by the government. Two, a 2.5% royalty goes to the minter of the *Bored Apes*. Three, they’d lose a bunch of ethereum on gas fees since they trade on L1.  
+
+^What’s ^so ^special ^about ^NFTs? ^Valve ^has ^been ^doing ^this ^for ^years.  
+
+First, no they haven’t. If valve decides to  delete your account, or goes out of business, you just lost access to all the games you think you own. Game copies as NFTs means you can hold it in a wallet.  
+
+Second, the reskin market is in only a few games because it’s an insane amount of coding that only a big game studio can do.  
+
+Diablo 3 famously had the in game auction house.  
+
+NFTs aren’t doing the impossible, they’re just making it accessible (while also providing many other benefits). When you mint with IMX, it’s as easy as plug and play. Just like your dildo. Small and mid-size developer studios will want to take advantage of this just due to the fact it will keep a player base loyal to see a real world value to their playtime.  
+
+^Why ^do ^we ^need ^another ^world-killing ^carbon ^disaster?  
+
+Remember that part about Immutable X being carbon neutral? That shit isn’t by planting trees to earn credit for offsetting like every big company does. Immutable has brought the impact down to a small fraction of what it is on L1.  
+
+>On Immutable X, we’ve minted 8 million NFT cards with only ~1,030kWh = 844 kg CO2. That’s 475,000 times less energy consumption.  
+
+>To put this in perspective a one-way flight from LAX to NYC is 807 kWh = 662 kg CO2.  
+
+> ^- ^[SOURCE](https://immutablex.medium.com/immutable-x-is-making-nfts-carbon-neutral-on-ethereum-620dd0be08ae)  
+
+^Immutable ^X ^diluted ^the ^token ^pool ^right ^when ^the ^partnership ^announced. ^Pump ^and ^dump.  
+
+This is wrong. Robbie Ferguson (co-founder of Immutable X) confirmed it himself: [“… the only circulating supply increase has been from the planned for tokens allocated to GameStop.”](https://youtube.com/clip/Ugkx0g9IUWhBv0Y-w3hKNBhrd6u3zKIRkywt)  
+
+In addition, many threads exist that show wallet transactions proving GameStop dumped their 37 million IMX payment.  
+
+I don’t know if it’s against some law to hold an investment then announce and launch a joint-product or if Ryan Cohen just wants more cash on hand for his devious plans. Whatever the case, GameStop dumped, not IMX. And this is simply how IMX pays. They give grants to game makers in exchange to mint with them. The game developers sell the tokens and use the fiat to hire new people.
+A friend (tom)of mine wanted to buy a restaurant, so he approached a capital partner. He initially asked for a $160,000 loan and offered a 12% interest-only note that would be paid over 60 months and then refinanced. The capital partner wasn't interested. Tom then offered to pay the 12% interest-only note over sixty months and pay back the original $160,000 lump sum payments ($50,000, $50,000, $60,000) over the last three years and still give the sixty months of interest-free payment. The capital partner agreed to this, and a promissory note was drawn up, and both parties signed and agreed.
+
+Now Toms accountant is saying the loan would be considered a “loan shark deal,” and illegal.
+
+Is that true? How does Tom proceed?
+My dear dumbfucks and retards... cunts and degenerates... Traders, Holders... Stinky Whales... cum drinkers... shoey fucks... and Chza…chazzakawe.. chezza... Communists.
+
+Today is my official return to ASX_Bets!    
+But alas, the mods have asked that I take upon myself the honour of delivering the monthly Bans and Updates. 
+
+One year was far too long a time to live away from such excellent and admirable memes and shitposts. I don't know half of you half as well as I should like, and I like less than half of you…
+...
+
+ 
+ 
+It's been a long year over in r/Asx_Banned, and while I had a lot of fun it was a bit quiet sometimes - and seeing much of the dumb shit you guys say and post without being able to comment was a fucking drag. And holy shit hotcrapper did not get me.. I got filtered for saying poo!, and little things like having dick shaped chart predictions for confirmed dog stocks.    
+I'm glad to be back with my own people.  
+
+  
+Anyway enough of that. I’m here to catch you up (and myself) on the wins, losses, memes, and most importantly – dumbfuck bets.    
+I look forwarded to purging this place a little, and sending the damned down into the depths of u/plucky26’s domain (or lower *😉*).
+
+#Updates
+
+Before we get to purging, let’s reflect back on this glorious month of green portfolios and sunshine and have a look at some of the favorite posts.
+
+ 
+
+First up, in celebration of most likely the most important day of the year for all of us “investors”, 
+u/Rosencrantz1710 started with a [nice $100 donation to lifeline](https://www.reddit.com/r/ASX_Bets/comments/x8jucw/because_its_r_u_ok_day_if_this_post_gets_100/) post, which u/Doobmie and a now anonymous (deleted account) joined in, donating a further $100 each.   
+A lot of people got some shit off their chest, and the post was a nice hug-it-out session rarely seen in this cesspool.  
+It’s been a rough time lately for a lot of us, so it’s good to have 'people' here to share with who can relate – even if it’s just u/chzakalwe. 
+
+
+On the meme side of things, u/zupahorse released a beautiful and tasteful [deepfake of our dear departed coin maiden](https://www.reddit.com/r/ASX_Bets/comments/x9i4q1/her_majestys_last_message_to_rasx_bets_rip_gfm/). I assumed the combined brain power of this sub would be insufficient to pull something like this off, let alone one single user.
+Great work u/zupahorse – I’ll need to work on my meme game. 
+
+
+u/Massive_Button9434 released a [great little LKE post](https://www.reddit.com/r/ASX_Bets/comments/x7pm6n/lke_ceo_hot_off_the_press_i_cant_believe_it/), accurately depicting the assclowniness of our previously elected supreme leader.  
+Scomo mate, if you read this - Fuck you! ya slimy pep bastard...
+
+
+u/Melodic_Ad5829 showed they have a huge floppy dick with some [remarkable coward gains on ASN](https://www.reddit.com/r/ASX_Bets/comments/x8w9qx/so_were_doing_this_i_thought_everyone_just_posted/). It’s nice to be reminded that you can actually win at this game sometimes.  
+That being said, I hope it’s not a single million dollar gain in a sea of million dollar losses…
+Regardless, congrats and fuck you sir or floppy dicked ma’am.
+
+
+u/Blisser_the_sniff posted a [close-enough to safe-for-work post](https://www.reddit.com/r/ASX_Bets/comments/xn9qvm/right/) which accurately reflects how we all feel lately. Nuff said.
+
+
+u/destined2bepoor continues to live up to their name, throwing some money into the [first Koality Content post I’ve seen in a while](https://www.reddit.com/r/ASX_Bets/comments/x7u31x/i_said_id_donate_100_to_a_qld_koala_sanctuary/).   
+u/poopdeckocupado also joined in, donating another $100 to our smoothbrain tourist attracting possibly animatronic furry friends – very nicely done 🐨👍  
+
+u/destined2bepoor further states they’ll donate $500 if PLS hits $5, so start pumping that stock chumps ***#probablynotadvice #finfluencer.***  
+Seriously, great job mate – I honestly don’t think they’ll make it without our help...
+
+
+For every coward gain, there must be an equal and opposite loss porn. So is the game of the ASX – perfectly balanced.  
+
+u/Dskoh1 posted some [lovely HVY paper losses](https://www.reddit.com/r/ASX_Bets/comments/xdwx8l/loss_porn_for_you_guys_i_am_holding_it_through_the/). It’s important that we losers share our pain, as it truly feels better not being the only dumb cunt around with $40k plus losses.  
+Fun thought… What do you think the combined losses of this sub could be?   
+
+ 
+And last, a trip down memory lane.  
+
+u/Mutated_Cunt released a beautiful [visual timeline showcasing all the dumb fucking choices we’ve made](https://www.reddit.com/r/ASX_Bets/comments/x6usrb/do_you_remember_a_timeline_of_the_sub_from_ticker/) over the past 2 years. Shout-out to u/darebottle, who’s bot has been collecting all the evidence of our debauchery. Hahaha…. You should all be ashamed.
+ 
+ 
+
+#New Bets
+
+Speaking of shame, quite a few of have decided to back your bad decisions with some bets. 
+A lot to get through, so I’ll try to keep the banter low.   
+So, what have the dumbfucks been claiming?
+
+   
+
+– u/poptartape will take a **3 month ban** if [IVZ doesn’t hit $1 during first drilling](https://www.reddit.com/r/ASX_Bets/comments/vzhqfc/comment/ig91rgl/?utm_source=share&utm_medium=web2x&context=3) campaign. There was also mention of a gift for our stinky whale if it does.. Romantic gift? I don’t know, sick fucks everywhere.
+
+
+– u/WeatherOutside will take a **1 month ban** if [CXO < $2, OCN < $1 or LPM < $1](https://www.reddit.com/r/ASX_Bets/comments/xbcpp9/comment/inyrtly/?utm_source=share&utm_medium=web2x&context=3) by Christmas eve.    
+Pretty much all need to bag in that time to come true, but fuck - its lithium so who knows.     Anyway there's a joke about getting Santa’s sack somewhere here.  
+
+
+– u/DrSheeply thinks that [IXR will receive approval for a mining license](https://www.reddit.com/r/ASX_Bets/comments/xbxknc/comment/io2faz1/?utm_source=share&utm_medium=web2x&context=3) before the end of the year, or they’ll take a **69 day ban**. I know dick all about Uganda politics, so who knows. Good luck, though I’ve heard rumour of IXR hitting 2.4c…
+
+
+– u/Mutated_Cunt thinks [LKE will announce a share buyback](https://www.reddit.com/r/ASX_Bets/comments/xeh7mi/comment/ioguey3/?utm_source=share&utm_medium=web2x&context=3) before the end of the year.   
+Corporate greed and lifestyle companies aside, I can’t tell if you’re being optimistic or just planning a peaceful new years break… **3 month ban** if it doesn’t happen.  
+
+
+– u/Yoyololbbb bets [PLS will hit $7.50 by the end of the year](https://www.reddit.com/r/ASX_Bets/comments/xmlt0g/pls_to_750_or_ban_me/?utm_source=share&utm_medium=web2x&context=3).   
+Belatedly requesting a 4 week ban, the powers above left it to the sub to vote their fate – a 4 or 6 week ban.     
+Like the spiteful cum gremlins ([new word I learned](https://www.reddit.com/r/ASX_Bets/comments/xp5ro9/im_not_back_yet/iq2dfcc/?context=3)) you are, you set the ban higher at **6 weeks**.     
+Despicable. I love you.
+
+
+– u/yippikiyayay thinks SYA will have a reversal of fate and [hit 40c by December the 1st](https://www.reddit.com/r/ASX_Bets/comments/xjon0q/comment/ip9jk3z/?utm_source=share&utm_medium=web2x&context=3), or will take a **1 month ban**.    
+This one is on a watchlist of mine labeled “buy” – so you’re fucked. Should ban you right now. Still, plenty of time to spin a lie to dazzle the market into a pump I guess…
+
+
+– u/a380-king thinks [IXR will hit 7c before the end of October](https://www.reddit.com/r/ASX_Bets/comments/xkv5kx/comment/ipg4t99/?utm_source=share&utm_medium=web2x&context=3), or a **1 month ban**.     
+Keep hiding it from the wife mate, it might get there.
+
+
+– u/chicken_sweat is betting that our dirty sub darling IVZ will [find gas in it’s first horizon drilling](https://www.reddit.com/r/ASX_Bets/comments/xnh61i/comment/ipwfh0n/?utm_source=share&utm_medium=web2x&context=3), or a **ban until 2023**. Might be hearing back about the results of this early next month, so plenty of ban time on the table.     
+Best luck mate – we all need IVZ to succeed here 😥
+
+
+– u/bane-of-oz didn’t think Zip Pay was the next Afterpay, claiming it would [touch 80c by the 16th](https://www.reddit.com/r/ASX_Bets/comments/x9ph1o/comment/inptowq/?utm_source=share&utm_medium=web2x&context=3).    
+Well it did – and I’d say well done, but it seems your account is suspended or some shit so I’m not sure you’re actually celebrating. Hopefully you just pissed off some snowflakes or something and will be back soon. Idk. 
+
+
+– u/sharp_pride7092 thinks war, famine, and an energy crisis isn't as bad as covid, betting the [XJO will not touch the 4490](https://www.reddit.com/r/ASX_Bets/comments/xq38sy/comment/iq7qqlj/?utm_medium=android_app&utm_source=share&context=3) lows of 2020 before Tuesday 28 March 2023, or $100 to the koala's or WWF.    
+I'm a little conflicted between wanting the koala's to win, and myself not losing the house... 
+
+
+u/particular_love_8811 had a thought that [yesterday was going to be a green](https://www.reddit.com/r/ASX_Bets/comments/xq6ii4/premarket_thread_for_general_trading_and_plans/iq7oiy2?utm_medium=android_app&utm_source=share&context=3). u/sweetbiscuit decided to follow your happy thought, and u/FrankGrimesss seemed sure enough to up it to 3 weeks.         
+Congratulations! Fucking Nostradami up in this place. You all escaped a small holiday.
+
+
+u/i_bid_thee_adieu is playing super gay bear claiming the [XJO will dip below 5300, S&P will go below covid lows, and Nasdaq will be below covid lows in 12 months or less].(https://www.reddit.com/r/ASX_Bets/comments/xq38sy/comment/iqc5m6o/?utm_medium=android_app&utm_source=share&context=3) - if they do, Koala's get $200.     
+At least the koala's will win if the world turns to shit...
+
+ 
+
+#Tick-Tock
+
+First, the good news. 
+
+u/dustbunny73 has come good on their purchase of (1?) AZL share, avoiding a one month ban. Nicely done mate – a mans word is his bond, and you’ve lived up to your word, so buy bonds?
+
+
+Our esteemed redeemed aside, we still have a dirty HotCopper-esque vermin who still owes us proof…
+
+u/MrLamenTerms claims they are [down three hundred thousand dollarydoos](https://www.reddit.com/r/ASX_Bets/comments/xdwx8l/comment/iogwt91/?utm_source=share&utm_medium=web2x&context=3). u/dskoh1 has called proof or ban. **Tick fucking tock** – show us your balls. 
+
+ 
+
+#Bans
+
+Not everyone can be winners, and we’re probably all losers, but even losers can lose, and these are our loser losers.
+
+**Welcome to the banned lands 👿**, Plucky awaits.    
+Please help yourself to one of u/blisser_the_sniff’s hookers (or parts of) and dive down the rabbit hole.
+
+ 
+
+u/mo2704 boldly claimed [“S&P500, Dow and Nasdaq all green or ban on Monday 26th"](https://www.reddit.com/r/ASX_Bets/comments/xocvmc/comment/ipy3e7y/?utm_source=share&utm_medium=web2x&context=3) – and they all continued to shit themselves. Who would have thunk it?
+See you in **1 month** 👋 
+
+
+u/blisser_the_sniff claimed that [IVZ would hit gas on Monday](https://www.reddit.com/r/ASX_Bets/comments/xo2zct/comment/ipwvwe4/?utm_source=share&utm_medium=web2x&context=3), grabbing himself a free **2 week vacation**…   
+ 
+I’m not sure this should have even been considered a bet – but enjoy your 2 weeks off mate. I’ll keep the communist in check while you’re gone. 👋
+
+
+u/Skernmannnn bet that [IHL would get a price sensitive announcement](https://www.reddit.com/r/ASX_Bets/comments/xhaoej/comment/iowjbpd/?utm_source=share&utm_medium=web2x&context=3) last week.     
+Love the wishful thinking, almost pains me to sentence you to **one month** in the banned lands... almost.. 👋
+
+
+u/Man_with_a_mortgage tried willing financial freedom with a bet that [IVZ would hit 40c by Friday 16th](https://www.reddit.com/r/ASX_Bets/comments/x7z75s/comment/infgkxg/?utm_source=share&utm_medium=web2x&context=3). Don’t even need to verify that one, I can smell the pain in the sub.    
+**One month** in the ban lands. 👋
+
+ 
+u/typejack is spending **1 week** with the banned after betting **MAY**’s [Zapato drilling would announce findings on the 12th](https://www.reddit.com/r/ASX_Bets/comments/x61dz6/comment/in5dzkt/?utm_source=share&utm_medium=web2x&context=3).    
+You must be new to drilling – you’ve got 2 pumps and a cap raise to go before the water is found. 👋
+
+
+u/mechengguy93 is also taking a **one week** vacation, after his doomsday prophecy of the [US interest rates being above .80%](https://www.reddit.com/r/ASX_Bets/comments/xjon0q/comment/ip9kutx/?utm_source=share&utm_medium=web2x&context=3) didn’t come true.     
+Don’t worry friend, doomsday is still on track, just delayed by a month or so. McBanned 👋
+
+
+Bit of a everyone’s a loser situation here.     
+u/PowerBottomBear92 started, with a one week ban bet, that [IVZ won’t spud this month](https://www.reddit.com/r/ASX_Bets/comments/xeh7mi/comment/ioh8aae/?utm_source=share&utm_medium=web2x&context=3). They went a step further and claimed they’d take an extra day ban for every additional retard who would follow.     
+To the best of my limited knowledge, two such retards bravely stepped forward, following their leader joyfully into the banned lands as said spudding took place.    
+So - u/A_Anderson151 and u/Carllsson will take a **1 week ban**, and u/PowerBottomBear92 will take an additional 2 days to think about their actions. That’s **9 days** for all the builtdifferants out there.
+
+ 
+Fine fisherman u/w-j1m hooked u/Koalavalley into a **one month** ban bet, the outcome of [AZL getting BLM approval](https://www.reddit.com/r/ASX_Bets/comments/vnadqo/comment/ie5zntw/?utm_source=share&utm_medium=web2x&context=3) by today sending one of these champs into plucky's embrace.     
+With one poor cunt waiting 162 days for said approval and counting, seems clear to me u/koalavalley is our victim today. Well done u/w-j1m👍 I’m a big advocate of asx_bets fishing.
+
+
+Lol. u/tenconeslater claims [IVZ will hit $1 before today](https://www.reddit.com/r/ASX_Bets/comments/x2shah/comment/imlmmvj/?utm_source=share&utm_medium=web2x&context=3), or a **6 month ban**.     
+Half the sub will be driving Lambo’s if that happened mate, which would make it not a scam dream, but it is confirmed a scam dream… OH! Ten-cones-later! I got that just now. I was thinking “Ten-cone-slater is a dumb fucking name”…     
+See you next year 👋
+
+u/Technical_Shower_157 expected [CYM to get finance](https://www.reddit.com/r/ASX_Bets/comments/xjon0q/comment/ipa2885/?utm_source=share&utm_medium=web2x&context=3) by today, or a **1 month ban**. Almost grabbed this one myself.     
+Pity the world is burning and all hope is gone.👋
+
+
+u/Sufficient_Guess2732 claims [PDN will hit $1 by today](https://www.reddit.com/r/ASX_Bets/comments/xdmkaz/comment/ioc0jgb/?utm_source=share&utm_medium=web2x&context=3) or a **1 month ban**.     
+Was a *sufficient guess* 🥁, but looking at the chart it looks like this bet actually caused it to crash… 👋
+
+u/butter-brain has grabbed a **potentially permanent ban** betting that [BOE will hit an all-time-high this month](https://www.reddit.com/r/ASX_Bets/comments/x9fqx0/comment/inntp4f/?utm_source=share&utm_medium=web2x&context=3). Failure to achieve this has him banned until it **hits $4**.     
+Fuck me it got close - hope the months turns around for you mate, cos looks a bit turdy to me. 👋
+
+u/Outrageous_junket817 bet that the [XAO would close down at least 2.85%](https://www.reddit.com/r/ASX_Bets/comments/xln4rj/to_finish_down_at_285_or_a_3_day_ban/?utm_source=share&utm_medium=web2x&context=3) last Friday or weeks ban.     
+First - fuck you for making me look into historical data. You lost that bet, but decided to roll the dice further, doubling down with a bet claiming XAO will break 6500 before today 🌈🐻. Fuck you, that’s our bread and butter!    
+On the other side of fence, u/mrpark3s thinks there is hope still yet, betting the [XJO will close above 6,574.70 today](https://www.reddit.com/r/ASX_Bets/comments/xnh61i/comment/ipuizte/?utm_source=share&utm_medium=web2x&context=3), or a 2 week ban.     
+Well u/Outrageous_junket817 – that’s 2 for 2 losses, giving you **2 weeks off** to work on that whore mouth of yours. 👋    
+
+u/mrpark3s... well i guess you fucked up too. Yesterday looked promising, but today was a little bit too shit. **2 weeks** off to consider reality 👋 
+
+
+u/starchivoress hates me, betting [VML will hit 2.9c today](https://www.reddit.com/r/ASX_Bets/comments/xrmokz/comment/iqftwd7/?utm_medium=android_app&utm_source=share&context=3). Funny enough, if true then my price prediction on hotcopper will be correct - VML dropping 30% after I bought in.     
+Brings me great pleasure to banish you from this place for **1 week**. Don't fuck with FameLuck's portfolio 👋😘
+
+
+My oil-drenched beluga buddy u/stinkyfatwhale had bet [IVZ will hit 50c by the end of this month](https://www.reddit.com/r/ASX_Bets/comments/wer114/comment/iiq5okw/?utm_source=share&utm_medium=web2x&context=3), pledging to donate $10,000 to mental health if it succeeded, or a lengthy ban…    
+Looked good for a while there stinky, but looks like you’ll be **swimming with the fishes till Christmas**. 👋    
+
+And lastly and rudely (I didn’t even get to compliment you on your new(ish?) profile picture…), u/wowveryjosh will be fucking off for **3 long months** after some [long running convoluted TUL ban bet](https://www.reddit.com/r/ASX_Bets/comments/uc7ef3/comment/i69dmar/?utm_source=share&utm_medium=web2x&context=3) came to a conclusion.. at some time.. not in his favour..    
+Honestly mate I couldn’t follow along with this multi-month waiting bet, but I was told you lost in the end by a very small margin. Something about the market not giving a shit.    
+See you over in banned mate 👋   
+
+ 
+
+#Unbanned
+
+u/Wherethecheesemoved is unbanned after IHL hit .35 after claiming it will hit .35 or being banned until it hit .35 resulting in it being below .35 on the day they said it would be .35 getting banned but unbanned since it hit .35. Savvy?    
+Welcome back champ 👍    
+ 
+ 
+
+That's it from me today folks.  
+Big thanks to the mods for letting me do the monthly update. You guys have no idea how much effort this shit actually takes. So clap for them monkeys!    
+
+Lastly, it might not be much, but as a token of my gratitude… u/chzakalwe will receive 1 day ban in r/asx_bets_purgatory for every like this post receives. Because fuck him.
+
+May our future be green and full of bread 🍞🦆  
+
+#TL;DR
+
+Εδώ βρίσκετε καλή παρέα σε κακές στιγμέ
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+
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+
+# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements)
+
+* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements.
+
+## flair links
+
+Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile.
+
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+
+# important links
+
+[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review)
+
+**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq)
+
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+
+*Daily discussion threads are created at 4:00 a.m. EDT*
+As far I understand with my limited knowledge that Liquid funds (with some risk) are better than fixed deposits because of little better returns and overall you pay less income tax if you hold it for more than 3 years.  
+
+
+But if we withdraw money from liquid funds before 3 years, we might get some capital gain and we will need the help of CA to file Income tax return for that if it comes under our tax bracket, and CA usually charger higher to file return in this case.  
+
+
+It could be possible that even the capital gain can be lower than what you pay to CA to file IT return. And I think in case of show and fill interest earned on Fixed Deposit, won't be charged extra by CA like they do for LTCG/STCG  
+
+
+**Then why Liquid fund is recommended over the Fixed deposit and also a better option to park emergency money?**
+For anyone who is new to crypto and didn't realize that we always have the January Dip: Please don't panic sell everything. The time to take profit and wait on the sidelines was in December, but if you didn't do that then hold until around mid-April and things should be back up. Even if not to our previous ATH they at least to a sensible loss for most people who invested at ATH.
+
+There are two forces which always bring us a January Dip effect:
+
+1) Asian New Year always leads to fiat outflow in mid January, often continuing into early Feb
+2) People time their sales to January for tax deferal
+
+This year its a bit different in that we have several other factors compounding on top:
+
+1) News that China wants to stop access to foreign crypto exchanges.
+2) Korea regulatory uncertainty
+3) France and Germany saying they'll look at regulations
+4) Big batch of BTC futures are now expiring
+
+We also have the problem of ton of new dumb money that came in during Nov/December and sees this as short term gambling on symbols rather than investing in a long term product. These people invest based on sentiment and price movements and go in panic as soon as they see a downtrend, which is now making it worse.
+
+But don't be one of these people, if you made the unwise decision of investing money you actually need at peak bubble valuations then try to get a short term loan to cover your expenses until around April. Losing your principal in January by selling now is not a wise move. And think of this as a lesson learned for next year, you should take the majority of your portfolio out around December, leave a bit in a few cryptos that you think could hold well during the dip or have an upcoming event and wait it out. Rather than seeing it as something to end your life over, think of it as a learning opportunity and that you will do much better next year.
+What is the percent of superstonk that’s DRS’d right now from the bot? Like 25 percent or so right? (We know there’s a bot percent in there but still) That’s weak shit right? But we’re jumping a percent a day(ish) in percent of the float locked right now (good fucking job apes!) I think this has to be from everyone having 4 times the amount of shares now and figuring it’s not as scary to DRS a percent of those… but just based off superstonk numbers that shit is weeeeak!! ROOKIE NUMBERS! I believe We STILL have an inane number of apes too scared to DRS.. 
+
+For anyone on the fence, I know you see endless information about why DRS is the way and it probably kills you inside everyday that you haven’t pulled the trigger. I’m just here to say as a 100% DRS’d ape that the peace of mind is amazing! 😁 There is plenty of help both stickied and an army of apes waiting to answer any questions. For most of you, you are one text or phone call away! *Edit IF YOU THINK DRS IS THE WAY! DRS YO SHIT, BRING YOUR PINK FLAMINGO, AND LETS GANG BANG THESE HEDGIES WITH TENDIES 🚀🚀🚀🚀🚀
+
+*Edit: Also don’t fucking listen to me, I’m retarded and hungry because I have blood work this morning. NOT FINANCIAL ADVISE
+
+*Edit: got my first suicide awareness message, hedgies love DRS
+Given we can't travel or do pretty much anything else, COVID has substantially cut down on our spending.  My wife and my (age: 30's) saving rate is now over 70% (it was \~50% to start). We have substantial existing savings already, and luckily have very good job security. So we effectively have a first-world/FAT problem where we have too much money and no good way to spend it.
+
+But, one of us has a serious immune deficiency, so we can't go anywhere while COVID is rampant (e.g., any travel, restaurants, and public parks are all out of the question). We're going stir-crazy as we enjoy traveling and going out a lot, and now haven't left our place in over 3 months and likely won't be able to for the foreseeable future.
+
+What are good luxury purchases or experiences you can do from home that don't involve other people coming over (e.g., massages are a no-go)? 
+
+We're renting an apartment as we live in a large city and are likely moving within the next few years (at which point we will then buy property).  We already do a lot of work with non-profits, and just donating more wouldn't do the trick as an "experience." We also already cook a ton ourselves.
+
+Any ideas would be greatly appreciated.
+I'm finally going to be making enough to get out of poverty-level wages.  In excitement, I told my mom the salary offer.  My dad had already warned me to be careful around my money with my new wages.  Sure enough, she already told my aunt (her sister) who has a big mouth. I'm sure the whole family knows by now.  The only saving grace is that I have so much debt (credit cards and student loans) that I can give the excuse to aggressively pay them; hence, no money to lend. (plus CDs, savings, and other places I can stash money away).  I will happily pay bills in full that my parents and I share (I moved back in with them. We share phone and groceries. Not to mention utilities, AC, etc. I have never paid these bills before with very minor exceptions--aka when I can).  I have student loans in the first place, because my mom used my college fund to pay something on a house she used to own...which she ended up losing anyway...
+
+I learned my lesson never to tell my mom how much I will be making.  I am not a charity fund.  I don't owe anyone any money.  I already see her asking me for money or to give to family. For ex, we have a cousin in Puerto Rico.  My mom constantly gives him money.  I told her to stop because suddenly the money goes away quickly, and he calls back a week later. PR is expensive, but my cousin has a boyfriend that for sure he's giving him money. Sure enough, that was the case, and I think my mom finally stopped giving money after my cousin's brother told her everything. (She wouldn't listen to me). 
+
+I don't own a car, but use my parents old one where I always paid for maintenance, gas, etc.  I will like to travel to cheap places, many of which have rugged terrains. So, I will like to get this all done while I'm young. I don't plan on making any big purchases, such as a car. Maybe a desk top with two computer screens to get research done.  I'm going to be the big mean bad person for saying no to my family, but I am not going to regret it.  I've done my fair share of part time work, temp jobs, working full-time at 14 to pay for high school tuition my parents couldn't afford, ended up getting a doctorate degree to then suddenly be my family's piggy bank. Sorry. Not sorry. Thanks for listening. 
+
+Sorry for the rambling and incoherent sentences. 
+Ape who was interviewed by "the documentary" regrets interviewing over a year ago. The film makers were not forthright in the narrative of the film (lied and said the film was neutral intent while it was not, portraying retail in a negative manner), and the film makers took selective snippets of interviews, to not accurately portray the interviewees thoughts and comments, but instead to fit the film makers messaging and narrative/agenda. 
+
+​
+
+This serves as a cautionary tale. Apes should not engage with all forms of media (tv, news, films, impromptu social media, magazines/papers, etc). If ape does not control the media outlet or print/edit, then it does not matter what the Apes intent is when giving the interview. Apes can go into the interview with the best of intentions, to try and educate, spread awareness, etc, but none of that matters if someone else is in control of what actually gets published or produced. Do not be naive, and do not take anything the media says at face value (ie, even if guaranteed the film or interview will be "pro retail" -- words are not a guarantee and there is considerable risk the production will not be pro retail.)
+
+​
+
+Importantly, during and after MOASS, Apes should continue to not engage. During and after MOASS, MSM will attempt to peg market instability and possible crash on Retail. Do not feed them any ammo by providing interviews, etc, of which we ultimately know MSM will spin against Retail.
+Hello! 
+
+Myself and my partner (unmarried) have been living together for a couple of years and we are in the early stages of buying a house. I've been fortunate to be able to save up a large ~20% deposit for us, but I would be the one paying the entire deposit. I've asked multiple times but my bf said he has no savings to put towards the deposit (or even renovations, as he has indicated he wants to use a credit card to pay for that). 
+
+He has said that he would pay back more in mortgage repayments until it reached the amount that I had put down in deposit. I said that I was fine with this, but I wanted to get some financial advice first and something in writing to say that I will have put a larger amount of money into the property than he has, so that if we break up then my investment is protected. He does not agree with this, and said that he will make a spreadsheet to see how much he has left to pay back and we can sign that, but he doesn't want any independent help with it. This is an enormous red flag for me. 
+
+I'm happy to pay the deposit but only if there is something legal protecting me. I've briefly read about a Cohabitation Agreement and a Deed of Trust. 
+
+Surely this is a very common problem and I'm not sure who or where to go for help with this. Do I need to sort out those two documents or would a signed spreadsheet make do? 
+
+I can't help but think I'm getting screwed here.
+Aloha,
+
+What was your first real estate investment strategy? (House hacking, syndication, BRRRR, etc.)  
+
+Would you recommend that strategy to a beginner?
+
+What were some things you learned from your first deal?  
+
+Thank you for your participation in advance!
+Edit: mobile so format may be weird
+
+Loan amount: $7,250 
+APR: 3.49% 
+Minimum payment: $263 
+Actual payment: $300+accrued monthly interest
+Projected payoff: Sept/Oct 2023
+It's a Honda and plan on driving it till it just won't anymore so like 10+ more years
+
+My girlfriend just paid off her car (huge $20k payment) and it's been making me anxious about mine. And I'm wondering if I should bite the bullet, and make a moderate sized payment of $2k now, to get down to $5k in loans or invest that $2k instead and just keep making the current monthly payments I currently am right now. Or just pay the whole damn thing off. Am also considering upping my deductible from $500 to $1k as that will help lower my insurance about ~$150/year.
+
+I have $15.7k in emergency fund (definitely more than 3 months)
+$8k in regular bank savings ($2.5k is for my international trip next year (flights, housing taken care of, so this is fun money).
+Money in Schwab/Webull for investing $9.3k.
+
+My monthly savings is currently:
+$300  general savings account
+$100 emergency
+$150 Roth IRA
+
+Completely paying off the car frees up an additional $300/month for saving/investing
+I've been reading up on EOS and the upcoming mainnet launch and I'm pretty sure it's going to end very poorly.  
+
+We know that registered ERC20 tokens will be converted on a 1:1 basis to the new mainnet token and that all ERC20 tokens will be frozen on June 2 right *before* the mainnet launch.  We also know that EOS has said that they are only releasing the source code for the mainnet; there are very good reasons to believe that there won't be a functional blockchain in operation on day 1 - someone will have to build it.  On the surface, that may seem fine and completely workable, but let's look at some problems:
+
+1) There a lots of new people who have recently purchased EOS in hopes of it being the next BTC or ETH.  These people use exchanges and are not comfortable using wallets, signing transactions, transferring tokens, etc.  A quick peek over to r/EOS/new shows that lots of people are having problems with the registration process; and those are the ones who are even aware that they have to register them.  There are lots more who think that they can just leave their tokens on the exchange and the exchange will handle everything for them.  There will be lots of people who lose their tokens in this confusion.
+
+2) Speaking of wallets, any word on a native EOS wallet?  Or does that have to be developed externally too?  How do you get your shiny new EOS tokens?  From what I've gathered, you'll probably have to redeem your tokens on a particular EOS blockchain once it's up and running.  So day one of the mainnet, you probably won't even have access to your tokens anymore, at least for a while.
+
+3) EOS chains: It's almost a guarantee that there will be several scam chains that will release very quickly. But even legitimate chains probably won't be readily supported by exchanges.  They will need to get listed just like any other token.  How long will that take?  
+
+
+So what happens on June 3rd when no one can buy, sell, or trade their EOS?  What happens when your ERC20s are frozen and you have no access to a native EOS wallet? I would love to get satisfactory answers to these questions because I haven't seen any.  And this is just the situation if everything goes correctly; I'm not even talking about a situation where your registered tokens don't show up or there's some kind of bug in the EOS code.   
+
+ I think people are riding this pump up and the whales are going to dump right before the ERC20s get locked.  Most of these whales are traders and traders want to trade; they don't want their funds locked up even for a few days.   It's going to be a mad rush for the exits.  
+
+Feel free to call this FUD because it is.  Fear, uncertainty, and doubt is heavily clouding this whole thing and it looks like a disaster of epic proportions is inevitable. 
+
+
+
+
+
+
+
+
+
+
+
+
+
+Hello. We are at the very early stages of turning the proof of bandwidth idea into a reality. Please read the [nontechnical white paper](https://github.com/wetube/bitcloud/blob/master/Bitcloud%20Nontechnical%20White%20Paper.md) and the [Bitcloud protocol white paper](https://github.com/wetube/bitcloud/blob/master/bitcloud.org). We are going public with this idea because we want to be as open and transparent as possible. This project requires a massive amount of thought and development in many different parts of the protocol, so we need as many people helping as possible.  
+  
+With the proof of bandwidth concept, we can create decentralized applications for sharing bandwidth and routing network traffic. Bitcloud is a [distrubuted autonomous corporation](http://newswax.com/2014/01/implications-crypto-assets-part-3-distributed-autonomous-corporations/), which means nodes have an incentive to come onto the network. One of the many problems of certain free and open source projects in the past has been the lack of a profit incentive. With Bitcloud, nodes on a mesh network can be rewarded financially for routing traffic in a brand new mesh network. This removes the need for Internet Service Providers (Comcast, Verizon, AT&T, etc.). We can also replace many of the centralized applications on the current Internet, such as YouTube, Dropbox, Facebook, Spotify, and others with decentralized, open source alternatives. We will have to start by decentralizing the current Internet, and then we can create a new Internet to replace it. If you're interested in **privacy, security, ending Internet censorship, decentralizing the Internet, and creating a new mesh network to replace the Internet**, then you should join or support this project.  
+  
+If you're a developer who sees the potential implications of this project, send an email to developers@bitcloudproject.org.  
+If you're someone who wants to help the project in any other way (web design, marketing, graphics design, etc.), send an email to support@bitcloudproject.org.   
+We don't think it would be appropriate to take donations at this time, so please hold off on that for now.  
+  
+We can also be found on...  
+Twitter: [@bitcloudproject](http://www.twitter.com/bitcloudproject)  
+Reddit: /r/bitcloud  
+Our Website : [bitcloudproject.org](http://www.bitcloudproject.org) (In Development)  
+Freenode IRC: #bitcloud  
+Github Repository: [github.com/wetube/bitcloud](https://github.com/wetube/bitcloud)
+  
+Feel free to x-post this to other subreddits if you think those individuals would be interested in helping out with this project. I'll also be glad to answer any questions that people have in this thread. I'm currently working on an FAQ, so your questions will be helpful to the project as a whole.
+
+**UPDATE:** We are getting a lot of emails, so please be patient when it comes to responses. Just to give developers a heads up, there will be a section in the forums on the bitcloud website that divides up everything we need to do. We need need move the server over to the domain (right now it just redirects to the white paper). For now, head over to #bitcloud on freenode IRC and /r/bitcloud for discussions and development.  
+  
+**UPDATE #2:** The creator and lead developer is now also here to answer questions. He is /u/LiberateMen. Please upvote his posts because he is using a new Reddit account and he has a time delay between responses. Thanks!  
+  
+**UPDATE #3:** Thank you for the wonderful response! I've been answering questions this whole time, so I need to go eat something. Keep posting your questions, and I'll try to get to as many of them as possible. There is also some activity on freenode IRC at #bitcloud and on /r/bitcloud. Be back soon!  
+  
+**UPDATE #4:** Thanks again everyone. I need to finish setting up the website and forums, so I'll have to leave this thread for now. Anyone who is still interested in the project can head over to /r/bitcloud and follow us on twitter @bitcloudproject. The forums will be up in a day or two, which will be the best platform for planning, discussion, and development. See you there!
+29 f single mom to 3 boys (11, 7, 5). I left a verbally abusive marriage in June of 2018. The previous 4 years I had been a stay at home parent and did not hold a job outside the home. I've changed jobs 5 times in 4 years, each move a step up(higher pay, benefits, flexibility). My boys and I spent 3 years living with my parents while I worked on getting on my feet. I was left with horrible credit due to my ex taking out loans/credit cards in my name(one of the reasons I finally left). November 2021 I was finally able to secure an apartment for my boys and I. It was income based and I just barely qualified. Struggled for the next 10 months but finally had our own space. August of this year I received a call that would change our lives. I was offered a job that almost doubled my income. So much has changed since then. Apartment lease is up so we're moving into a house(I hope in a year to be able to buy), have been paying off remaining debt, and started a savings account. But the oh shit I THINK I'm making it moment? I took my boys grocery shopping and instead of our usual routine of "ok it's your week to pick the cereal or snack for everyone"... Each of my boys was able to pick their own snacks for the week and we got TWO boxes of cereal.
+
+I know it's not the end of the world for them to know money was tight. But holy cow... the looks on their faces when I said that to them... I cried right there in the store. My oldest kept asking if I was sure and said "it's ok, I like what my brother picked", until I finally assured him enough that it was ok, he could pick his own snack. He's my OG, and being the oldest he's seen the struggle and seen the tears, he's seen mama break down and skip meals. To see that joy and relief in his eyes when it clicked that "we're good now". I just cannot even describe it. 
+
+A year ago I didn't think I'd ever be here, but here I am scaling the other side of the pit, clawing my way out.
+
+Don't give up.
+Lot's of people are down on both GME and AMC as well as the other meme stocks right now like BB. You don't lose money unless you sell. If you hold on it's gonna be hard, but everyone is doing the same besides the investment firms. They don't have anything to hold on to and they are currently gasping for air trying to bait people into selling. Our strength comes from our numbers and unification. Don't let anyone undermine your confidence, laugh at them and look down from the moon. The tendies are close enough to taste  🚀🚀🚀🚀
+Hey /r/financialindependence,
+
+I have been a subscriber/lurker for a long time now and I thought I would finally make my first contribution to the sub. Full disclosure, my goal for this post is two-fold. First and foremost, I hope that this post can serve as some sort of inspiration for someone or, at the very least, provide some sort of value. Second, maybe someone more experienced than I can give me some pointers.
+
+Full disclaimer, I'm don't consider myself to be an expert at investing or finance. I'm just a guy who a) has always found it to be more fun to stash my money than spend it, b) believes people have a hyper-inflated and misguided expectation of what they need to be happy/content, and c) doesn't really want to be a slave to the dollar my whole life.
+
+So I thought it would be fun to share my story up until this point.
+___
+**Background**
+
+I grew up in the Pacific Northwest, lower-middle class. Mom was a single mother of three. No inheritance, no money for allowance. I jut had to get a job if I wanted money. So I did. I was always fascinated by technology so I ended up eventually landing a job at a laptop repair store after working various other jobs from lawn care to restaurants.
+
+I think my mother did a remarkable job and prioritizing where her limited budget went. We always had quality food to eat, we were always warm, and we all had the opportunity to pursue higher-education; a privilege I will forever be grateful for. We still had to pay for it later but she made sure we knew it was an option.
+
+I went to college and ended up getting a job in Software Development.
+___
+**Career** **Timeline**
+
+* 2011: $15/hr - Internship while in college
+* 2012: $60,000 - Went full time, same company
+* 2013: $70,000 - Graduated, same company $70,000 in student loan debt.
+* 2014: $80,000 - Performance increase, Promotion to tech lead, same company
+* 2015: $85,600 - Performance increase, Promotion to manager, same company
+* 2017: $91,000 - Performance increase, same company
+* 2017: $20,000 - Sold all my stuff and moved to Central America, did some coding on the side
+* 2017: $110,000 - Original company recruited me back to start an office in South America, Director of Engineering
+* 2018: Expecting an incentive-based increase of $30,000 in the next month
+___
+**Assets**
+
+* \~$425k house in the United States. Purchased in 2014. Brings in about $1,300/month before capital expenditures, vacancy, and repairs. Historically I have made about one extra mortgage payment per year but I recently decided to stop doing that since the interest rate is down around 4%. Interested to hear your thoughts on the topic.
+* \~$50k in 401k, maxing out the annual and taking advantage of the employer match.
+* \~$11k in Roth IRA, maxed out last two years.
+* \~$50k in index funds, using the ["Core Four" lazy portfolio](https://www.bogleheads.org/wiki/Lazy_portfolios#Core_four_portfolios). I would love to hear your thoughts here.
+* \~$3k in individual stocks, I know this is probably a bad idea
+* \~$20k in cryptocurrencies
+* \~$20k in the bank
+
+**Liabilities**
+
+* \~$260k left on my mortgage
+___
+**Income**
+
+* $110,000/year, not counting rental income.
+
+**Expenses ($1,200)**
+
+Before you bite my head off, note that these are rough expenses. Sometimes they are more. Sometimes they are less. But I keep it pretty lean.
+
+* Rent: $500
+* Food & Beverage: $400
+* Entertainment: $30
+* Transportation: $20
+* Continued Education: $180
+* Other: $70
+
+[Here's a rough monthly plan I recently drafted](https://i.imgur.com/2nEhZUg.png).
+
+I would love to hear some opinions about it.
+___
+**Notes on Expenses**
+
+I have always been shocked by the few colleagues I know who are living paycheck to paycheck. It absolutely amazes me how a single person with no dependents in the technology industry could possibly manage to spend all that money. Most people just have a bloated expectation of what they need to be happy.
+
+Some months I live off less than $1,000 for the whole month but I don't feel like I am living an abnormally frugally lifestyle. Some months I spend more like $1,500. Last month I spent a little under $1,200.
+
+Here is a list of things that I have found to be incredibly helpful for me:
+
+* **Food:** The vast vast majority of the eating I do is food that I have cooked at home or food from work. In addition to being expensive, the food is just terrible for you when you eat out. I also don't eat meat so I don't really have a lot of options for eating out; particularly where I live. My food and beverage budget would probably be far lower if I didn't go out for drinks so much. I value social time and I enjoy drinking.
+* **Transportation:** I ride my bike to work. The metro system is also quite good where I live and it's only about a buck to ride it as far as you want. If the metro doesn't run where I need to go, Uber is also quite cheap.
+* **Work Perks:** I take full advantage of every perk my work has to offer. We have catered lunch and free self-serve breakfast. We have free coffee and beer. It always blows my mind when people go out to eat anyway. My work allows me to expense my cell phone bill. If I work asks me to expense something, I gladly do it so I can get cash back on my credit card. Last month, I expensed 5 laptops for my team and got $180 in travel credit on my Chase Reserve card.
+* **Research:** When I do decide to buy something, I actually do some research instead of just dropping and absurd amount on the first deal that comes along. When I was paying for my cell phone bill last year, I ended up signing up for Google Fi and paying like $35-50 a month internationally by just not using a ton of data while no on WiFi networks. Really not that hard of a habit to get into. On the topic of research, I would also note that well-research and cheap aren't always hand-in-hand. I would rather buy one good jacket that lasts me five years than 5 shit ones that last me one year each.
+* **Accommodations**: I rent flats with other people. I enjoy living with others. This tip clearly isn't for everyone.
+* **Credit Card Perks**: I only buy things on credit cards and pay them off at the end of every month. It's free money. A lot of credit cards also have other great perks that saves you even more money like free food in airports.
+* **Location:** I have found living out of the country to be cheaper but not that much cheaper where I live. I'm in one of the more expensive area in South America. This tip clearly isn't for everyone.
+* I found that selling all my stuff when I left the United States really helped me break out of a consumer mindset. I no longer mindlessly buy material objects. When I buy things, I ask myself the following questions:
+   * Is this object going to save me money? I have no issue buying a coffee maker for $100 or even $300 is it means I'm not going buy coffee everyday at Starbucks. I have no issue buying a more expensive laptop if it's going to increase my productivity at work and lead to more money.
+   * Is this object going to raise my standard of living in a way I care about? For me these are things like a decent quality produce, a yoga mat, a good jacket, bed, or office chair.
+   * Is this object going to stimulate my brain? For me these are things like books, art, classes, and music. You'll notice that I have a whole category in my expenses for continued education. That's because it's a thing of value to me.
+   * Is this object going to improve my relationship with people I care about? For me this includes things like going out for drinks. Social interaction is important to me.
+   * Is this a hobby or passion that truly makes me happy? I have been a long-time skateboarder and, if my skateboard breaks, I will buy a new one without even thinking about it. Instead of having a ton of hobbies that I am sort-of into I have a few hobbies that I am really into.
+
+I don't think these guidelines are for everyone. Maybe not even for the majority of people. My point is that, if you can identify what's important to you, then you can set rules that you can use to determine how/when you want to spend your money.
+
+I would love to hear your thoughts on this stuff because it's incredibly interesting to me.
+___
+**Regrets & Staying the Course**
+
+Everyone just wants to get rich quick. At one point I was up to $60k in crypto. Now I have less than $20k. I play poker games. I put money into individual stocks even though I hardly know what I am doing. Deep down I know that my best chance is staying the course. As you can see from my monthly plan, I am still planning on diversifying into these other high-risk areas a bit but I'm not going to let it ruin my chances of an almost sure-thing. Remember, there's a reason this approach is so popular. It's because it works.
+___
+**Final Words**
+
+The last thing I want to touch on here is around depression. I know a lot of us are in offices. I sit in one every day and I see what it does to people. Instead of looking towards a future where we don't let money guide our decisions, we need to remember that we are in control of our decisions now. It doesn't have to suck along the way and this goal isn't worth your mental and physical well-being. Don't be afraid to make a change. You can take a pay cut to get out of a situation you hate or completely pivot your career without giving up this dream. Don't be afraid to alter your plan in exchange for a healthy mental state.
+
+\- /u/fz-09
+I work in IT for a large company. My team has been understaffed for years, and management has finally gotten the ok for new positions on my team. 
+
+I just stumbled upon a job posting, equivalent to mine, but the pay range for it is above what I make. I’m the “team lead” for my team and have been leading mostly overpaid contractors for the last couple years. I’m also the expert for our very specialized application, so anyone new is going to be trained by me. What can I do about this?
+
+To add to my rage at this situation, I asked to get a raise about a year ago. Ultimately, after waiting for months, I was told it wasn’t going to happen. I’m well respected at my company, and get praise from both my direct management and other teams as an integral cog who makes our machine go. I don’t see why management would OK new positions at a higher pay rate to bring in people they know nothing about our systems when the won’t equally pay someone who has been performing at a high level for the last few years. 
+
+Looking for any suggestions on how to go forward.
+
+Also, sorry for any bad grammar or formatting. I’m on mobile and quite pissed at the moment.
+
+
+
+Edit: Well this post blew up more than I expected! Thank you all for the continued advice. I can’t answer everyone, so I wanted to provide more insight. I work a government job (NAF) and came in with very little experience and no degree. They took a chance on me and brought me in at a very low pay rate for IT. I was working Software Development before, but they hired me for an Application Administration job with technology I’d never touched and never heard of. I’ve wildly exceeded their expectations, to the level I was promoted up a pay band within a year and asked to lead their team. However, as some have pointed out, I’m now stuck in the cycle of small yearly raises (3% or less per year) while also dealing with management that asked way too much of an already understaffed team. I’ve been considering leaving for a while, but there are benefits I’ll lose like 1 extra day off every other week, up to 2 work from home days a week (though that may be ending soon), etc.
+
+Also, to answer another question I see, I make $71k, but the job posting shows a range of $75k-$95k. I was told a year ago by management I was way underpaid and they’d fix that, only to be told a couple months later that they couldn’t do anything. That is the only time I’ve asked for a raise, considering we do get yearly raises.
+**Why this is important:**
+With the recent Equifax breach, plenty of people have put freezes on their credit reports (for good reason). But if you only froze one, someone can now still take out a loan on your name if they have the rest of your info. 
+
+
+**What changed:**
+Until recently, Fannie Mae required all three credit reports to actually report for them to buy a loan from a bank. The change now allows for your report to be frozen with one credit reporting agency, but the other two must be unfrozen. 
+
+**Why this matters:**
+Your local bank might sell the mortgages they originate to Fannie Mae. Many small and even moderately sized banks have investors they sell mortgages to. Fannie Mae is one of the largest investors here. The loan must be originated and underwritten to Fannie Mae’s standards for them to purchase it. This means that Fannie Mae’s guidelines impact your local banks’ guidelines if they sell to them. This change means that other banks will now be allowing this same thing. So if you’re worried about your credit but didn’t freeze it with all three agencies, do that now. 
+
+
+Edit: source—I’m a technical writer at a bank and am rewriting our internal procedures on what we accept based on the above as I type this. 
+
+Edit 2: I’m not suggesting Fannie Mae originates loans. The thing is that their decisions as an investor will impact how banks do business. Fannie Mae says they’ll take loans that are riskier? Banks that sell to Fannie Mae will start originating those riskier loans because they know they can sell them. This is about Fannie Mae (being a large investor) saying they’ll take loans with one frozen score, so some banks will start accepting that too and not require that it be unfrozen. All I was saying was, if you were concerned but thought freezing one or two was good enough, that’s not necessarily the case. 
+Edit:Y'all are awesome!And please, if you have any doubts about if I posted here is legit, follow the links, do some googling and correct me where I'm wrong. I actually missed something that got pointed out to me earlier. That's how it's supposed to go!  
+\------------------------------------------------------------------------------------------------------------------------------------------------  
+TLDR: Fintel wrong, CUSIP also used for another company in the filing. It's just a 263% increase.  
+
+
+Hi again :D
+
+A while ago I made a simple post about some funds increase of Citadel, because the first post about that didn't get fact-checked. It needed to be corrected since its was outdated information but got hyped up like crazy.I think I yelled a bit trying to get my points across.. I won't yell this time. Well.. not much.  
+So yeah.. Here we go again, but now with the latest post about Fintel and Mason Capital.
+
+This one: [https://reddit.com/r/Superstonk/comments/xgp800/mason\_capital\_management\_llc\_reports\_237682/](https://reddit.com/r/Superstonk/comments/xgp800/mason_capital_management_llc_reports_237682/)
+
+Lots of hype in the comments, and nobody bothers to check it?
+
+Y'all just got hyped over some text that can easily be verified, but you just don't hm?
+
+https://preview.redd.it/c7hsllu52ko91.png?width=1078&format=png&auto=webp&s=650071574bbaa4c5626eab746daeffefdf054664
+
+Oh no, wait! u/avspuk did here [https://reddit.com/r/Superstonk/comments/xgp800/mason\_capital\_management\_llc\_reports\_237682/iovu2ax/](https://reddit.com/r/Superstonk/comments/xgp800/mason_capital_management_llc_reports_237682/iovu2ax/) And then came to discord to ask if he was right and guess what, **avspuk is right.**
+
+​
+
+This is the fintel page: [https://fintel.io/so/us/gme/mason-capital-management-llc](https://fintel.io/so/us/gme/mason-capital-management-llc)
+
+As you can see here, it's from the Form 13F (I highlighted it for you, so you can't miss it!):
+
+https://preview.redd.it/0m7elgev0ko91.png?width=1116&format=png&auto=webp&s=047387c7aa4aff8a08edee8256431e0dfc022af9
+
+​
+
+**Straight from SEC's Edgar**  
+Again I highlighted the important rows in the pictures so y'all don't have to look much.Nice huh?!
+
+From 13F 05/16 they had:
+
+​
+
+https://preview.redd.it/jnsa9f4k0ko91.png?width=419&format=png&auto=webp&s=fac770e12e039ad2210b0ca9e5e298d73dbd25a4
+
+https://preview.redd.it/sl5gr5zd0ko91.png?width=1134&format=png&auto=webp&s=07f3c36b0ba191c8849a80f73c4b77b49375bb66
+
+\> GAMESTOP CORP    CL A    36467W109    3,902    23,425    SH
+
+[https://www.sec.gov/Archives/edgar/data/1218735/000110465922061284/0001104659-22-061284-index.htm](https://www.sec.gov/Archives/edgar/data/1218735/000110465922061284/0001104659-22-061284-index.htm)
+
+Direct Link: [https://www.sec.gov/Archives/edgar/data/1218735/000110465922061284/xslForm13F\_X01/infotable.xml](https://www.sec.gov/Archives/edgar/data/1218735/000110465922061284/xslForm13F_X01/infotable.xml)
+
+​
+
+From 13F 08/15 they have:
+
+​
+
+https://preview.redd.it/zl63e6hl0ko91.png?width=400&format=png&auto=webp&s=6c816faca3478ad93f7a5b62a2dff3ec925d6ac0
+
+https://preview.redd.it/a91lnznb0ko91.png?width=1135&format=png&auto=webp&s=928c1104cf220255c835d15d82c68adf70b6ee0f
+
+\> GAMESTOP CORP    CL A    36467W109    7,552    61,750    SH
+
+[https://www.sec.gov/Archives/edgar/data/1218735/000110465922091318/0001104659-22-091318-index.htm](https://www.sec.gov/Archives/edgar/data/1218735/000110465922091318/0001104659-22-091318-index.htm)
+
+Direct Link: [https://www.sec.gov/Archives/edgar/data/1218735/000110465922091318/xslForm13F\_X01/infotable.xml](https://www.sec.gov/Archives/edgar/data/1218735/000110465922091318/xslForm13F_X01/infotable.xml)
+
+​
+
+Adjusted for post-splividend that would be 247000 Shares.
+
+Almost tripled their position. A whole **263%** increase, not a 2376.82% increase as how Fintel puts it.No idea where Fintel got these numbers from.
+
+EDIT!!u/synched1 just dm'd with a finding I even overlooked!
+
+https://preview.redd.it/sfvd3fnimko91.png?width=824&format=png&auto=webp&s=a2ad541c65ef8a77194e78545c81cd427c5d0663
+
+>Apologies for the DM, I rarely post so I don't have the karma to  comment. About the Mason Capital post, isn't the error caused by the CUSIP? The  Occidental Petroleum Corporation warrants expiring 2027 have the same  CUSIP as GME(36467W109) which inflates that filing for GME.
+
+​
+
+https://preview.redd.it/0yi3xz2mmko91.png?width=1144&format=png&auto=webp&s=5c98774fdbf61e9ca6fefb41de15990a1aa84a2a
+
+\> OCCIDENTAL PETE CORPW EXP 08/03/2027 36467W109 19167  **518,445**  SH
+
+Nicely spotted there u/synched1 !
+
+Some intern is about to have a bad day lmao
+
+​
+
+The good thing:  
+They did increase their position! Whooooooo.
+
+The bad thing:  
+**Y'all again don't fucking fact check. How fucking difficult is this? It's literally 1 fucking search, 3 pages and 2 forms. Holy fucking shit.**
+
+**Except** u/avspuk **, he's awesome.**
+
+​
+
+See, No(t much) yelling! feels weird.. hope the points are made tho.
+
+**Be like avspuk! Think critically and factcheck first, hype later!**
+
+​
+
+**ffs.**
+
+**Peace ✌**
+I'm thinking of getting a dog. However I wonder how much would it cost me. Not paying for the dog. But how much would it cost me to feed it, take care of it and all that. You know where i'm going. 
+
+Edit:The reason i asked this question was because i've been thinking about getting a dog for quite some time now. I went to the hospital for some tests today which ended up costing me a fortune which reminded me to ask this question. After reading all this I don't think I can afford a dog right now because i can hardly afford my own expenses. Sad but true. (Btw i'm from India incase anyone was wondering).The expenses would be less here but this gives me a general idea. Thanks. 
+
+Edit2 : I'll just get a fish. -_-
+
+                             Dogeeeeeeeeeeee
+VIX has been dying and options premiums are drying up everywhere I look. Meme stocks are still ok, but I'm not trying to play with stocks I don't like. 
+
+What is everyone playing currently?
+
+
+**EDIT**: Will someone with a better understanding of the VIX explain why it's so low even though indexes are swinging 1% a day on average? You would think being in this high volatility environment would lead to high options premiums but the exact opposite is happening. Not exactly sure why.
+
+**EDIT 2**: Some great replies and discussion in this thread! I learned something new and will adjust future strategy.
+Respectable people,
+
+I own one home, but I'm thinking of getting involved in duplexes/triplexes/etc in cities where there is an abundance of these properties under 100k. Now, I looked on Realtor and Trulia and I see several plexes in the US midwest, in mid-sized cities with at least 1 pro sports team, that are under 100k and that seem to generate great month to month revenue. ($750 per unit per month on average) 
+
+My question before I get invested in a property like this is:
+
+**What's the catch?** Why are these properties even on the market for more than a few days given the positive cashflow potential? I found a duplex in a decent overal shape that costs 65k and that generates $1500 per month. A no-brainer on paper? What am I missing here?
+
+Thanks guys
+My landscaper sent me a picture of a cat in the window. The lease says no pets on the premise. It’s not a big deal and I like cats as long as the place is litter is maintained well. They moved in about a month ago. I believe this would terminate the lease. 
+
+Should I offer to make a new lease with a pet fee?
+Okay so that is somewhat wrong I understand the economics of gold, in so far that It is used as a hedge against Inflation.
+
+What i don't get is why? Gold is a resource, with very few actual uses. Jewelry and Electronics the major ones. So demand for gold as a product is relatively stable. The Economic aspect of gold is what confuses me. 
+
+The price for gold at the moment is not driven by consumer demand but rather by economic stockpiling, here is what confuses me, Stockpiling gold makes sence if you have a gold standard denomination, but almost nobody does. In the event of a complete global Economic meltdown gold really does nothing for you.. so why do companies/governments stockpile gold?
+
+essentially if the world was to collapse you wont swap a gold bar for a cow, because you cant eat a gold bar and its value is only implied by market forces.
+
+tl/dr economic meltdownL: nobody has money to buy gold and no actual need for gold why would they swap you for it.. why buy gold?
+Hey team! I hit my fatFIRE number a few years ago at 49 through a combination of businesses I own and multifamily real estate (around 250 apartments plus commercial) that I’ve accumulated during my career. 
+
+Thinking that fatFIRE was my goal, I put a management team together that required very little intervention. I was up front about my plans to phase out of work, and we came up with systems where I could check in only minimally for long stretches of time and they would keep my business and real estate portfolio managed and growing without me. 
+
+I did it! Starting this past summer, I took most of the summer off to boat (recently upgraded) and fish and enjoy my (recently acquired) beach house. I did some travel, enjoyed fancy meals with friends and walked on the beach every day. 
+
+However, I never fully checked out. When the fall came around I got back into the swing at work and realize I’m not ready to stop working. I enjoy work and working. I like going into my office and I missed my team. I’ve cancelled my early retirement. 
+
+I don’t need any more money, but love the thrill of doing deals and don’t want to give that up. I’ll prob work less than 5 days a week most of the time, and maybe take half of the time off during the summers, but fatFIRE isn’t for me. I tried it but got bored. Would not recommend. Maybe in another 10 years but maybe never. 
+
+I chased fatFIRE and that was fun. But it didn’t live up to my expectations. Has anyone gone through this process and come to the same conclusion?
+Just like the title, I am wondering how you would go about trying to find free cash flow for banks, the cash provided by operating activities is easy to find.  But at least for Bank of America, there is no PPP&E or CAPX to subtract, to find Free Cash flow. Any ideas?
+Where do you keep your "dry powder" while you are searching for your next value investment?
+
+A few options:
+
+* Hard cash
+* Broad based market ETF
+* Bond funds (short term treasuries, municipal bonds, TIPS, corporate bonds)
+* Sell cash covered puts on "good companies" that are not currently discounted but you would want buy if they were
+I do my quantitative and qualitative analysis and get an intrinsic value of $X per share.
+
+Then, how do I know market will correct to this True value, over the long-term? I know that if it is truly a strong company, it should correct but does this hold true all the time?
+
+Suppose I have identified a list of all companies that are trading below their intrinsic value. Then, what techniques do you apply to see that it will possibly correct \*soon\* enough? Do you use technical analysis on long time frames, statistical analysis etc?
+What am I missing?
+
+I have been looking a lot at Zymergen lately despite the 97% crash in the stock price.
+
+The new CEO has built / co-founded a $33 billion company (Illumina) and the company has $300m cash in the bank, while the market cap is only $100m.
+
+Moreover I have been following their LinkedIn job postings during the last few months and they are hiring 60 new positions. This seems strange for a company that is supposedly going bankrupt by mid 2023.
+
+If they are able to bring their products to market then this will be a 50x-100x return on investment.
+
+If they would not be confident then they could better just lay every body of for $50m, sell the IP and return the remaining $250m to investors for a 200% ROI.
+
+\--------
+
+Thoughts? 
+After seeing some more awesome shit regarding more tail numbers popping up I did a cross comparison of the flight paths. I will be talking here about Cessna [EJA512](https://globe.adsbexchange.com/?icao=a66a4c&lat=32.101&lon=-81.506&zoom=4.7&showTrace=2021-08-18)which is technically owned under a weirdass Frankenstein company tied to KG and KG's personal Bombardier [N302AK](https://globe.adsbexchange.com/?icao=a326ca&lat=40.824&lon=-74.603&zoom=9.0&showTrace=2021-08-18). (These links will take you directly to the ADS tracker for these planes)
+
+​
+
+u/maxxxxpower did a post on EJA512 earlier today which got me thinking....and at first glance I noticed that there were inconsistencies and that Ken was flying on the Bombardier on days when this one was out. Also on ADS there are three other companies listed for the plane. CF Industries, Griffin Capital, and Hacket. After visitng Dr. DuckDuck I saw where EJA512 isn’t owned by these companies. Rather it is owned by NetJets.
+
+​
+
+https://preview.redd.it/g8mp1k9op8i71.jpg?width=1885&format=pjpg&auto=webp&s=adea213f8c69631348af7e5d1fa9239af64e78f8
+
+I thought well fuck maybe this is aint right?  Can’t be? Cause then this may not be KG's plane?
+
+​
+
+Then u/Pop-Tart_Rabies_Monk said…..well maybe he’s using both.
+
+Fuck you are a smart one.
+
+That being said it can be pretty fucking hard to figure out which legs are his and which legs aren’t. While this is still fucking true. Look at this damn shit.
+
+​
+
+https://preview.redd.it/us5l816tp8i71.jpg?width=1597&format=pjpg&auto=webp&s=25963b99629e8c848f505d97be0092516131e443
+
+​
+
+https://preview.redd.it/m9qr0v1up8i71.jpg?width=1217&format=pjpg&auto=webp&s=4b8c13002eec937353203987f2d773a13cdf650c
+
+​
+
+https://preview.redd.it/eyelts0vp8i71.jpg?width=1654&format=pjpg&auto=webp&s=fde145fcefad95000d4eccbdeff424181f739171
+
+Look at the time stamps. Yesterday he flew into the hamptons on Bombarider. Today the Cessna flew out of what looks like Massachusetts (aint that far from the Hamptons....look at the timeframes too. He may also have a helicopter or \*another\* plane we've yet to find)  but then landed in WPB and later back in the Hamptons. His Bombardier then flew from the Hamptons to Teterboro this evening just after the Cessna landed there. u/bro-ssef [Remember our pal who had a buddy go see the plane and saw the tail number?](https://www.reddit.com/r/Superstonk/comments/p6x88t/did_someone_says_kennys_jet_was_in_my_hometown/)It sat there while he flew south on the other one.
+
+Mother fuckers. He’s using two planes.
+
+This Cessna, while being listed under three companies on ADS, one of which is Griffin Capital, it is listed under NetJets Aviation LLC on locations such as Flightaware.
+
+(enter flight aware)
+
+https://preview.redd.it/83om4cvnq8i71.jpg?width=1092&format=pjpg&auto=webp&s=6b197602d50d45c9f810f3d584f7d68a78dd0cec
+
+It gets really fucky here.
+
+NetJets in and of itself is a company from the 1960s with various subsidiaries, yada yada. These subsidiaries are: Executive Jet Management, Inc. NetJets Aviation, Inc. QS Partners NetJets Europe QS Security Services. NetJets Aviation LLC is **NOT** one of these fucking subsidiaries.
+
+​
+
+https://preview.redd.it/h82xx52sq8i71.jpg?width=1728&format=pjpg&auto=webp&s=fc1521ffa0a22e2a5052fd9174dcb6a62c58ecb0
+
+Oh interesting. NetJets Aviation LLC was incorporated February 3, 2021. This gives reason to why it would list CF Industries, Griffin Capital, and Hackett as the owners on ADS of this Cessna rather than NetJets….because it fucking isn’t owned by fucking NetJets, but a weird smoke and mirrors company named JUST FUCKING LIKE a charter company.
+
+​
+
+What Hacket, CF, and Griffin have to do with each other? I have speculation but no specific ties. So I will hold off since I’m labeling this as DD...because the rest is.
+
+TLDR; Two planes are being used. Why the fuck under a weird ass company alias?
+
+​
+
+Side Note: To the other Apes who I was walking through this shit with....I think I tagged yall. But dear god I know I'm forgetting someone. I sowwy.
+
+​
+
+​
+
+As an aside....if you're confused why this is a big deal pleeeeease please go read the other countless things I've posted about this weird ass shit in my profile. I've got charts. Or tables. Whateverthehell.
+
+​
+
+​
+
+Edited!!!!:
+
+​
+
+Fuck me I did more comparisons and he flew to St. Johns....
+
+​
+
+https://preview.redd.it/gja3n62ks8i71.jpg?width=1221&format=pjpg&auto=webp&s=0054b11ededeb4fc268ee618f2b1b138cfcf50b5
+
+​
+
+https://preview.redd.it/yff2qohls8i71.jpg?width=1241&format=pjpg&auto=webp&s=1a21dd87b7159e98aaa3b2f8a3bf57a1f1cb569d
+
+​
+
+​
+
+Edited again:
+
+​
+
+And from Bermuda to ....Teterboro...
+
+​
+
+​
+
+https://preview.redd.it/qxu2ba7lt8i71.jpg?width=1103&format=pjpg&auto=webp&s=25162fb72aef14ed5d2589ec0858218c7f0fa451
+REMEMBER TO: Route all of your buys through IEX if not buying directly from Computershare.  The hedges are going to do their damnedest to wreck the price over these next days.  Don't be scared if they crime the price down to $10.  Just buy the shit out of all of it, and route through IEX, and then promptly DRS it.  
+
+These are the end times now, so make these battles count! Love you Apes.
+Hi all -- I'm looking for some objective advice here, and I can't think of a better group to collectively ask.
+
+I've been active in this community for about a year now, and have decided that the FatFIRE path makes the most sense for my lifestyle and life goals.
+
+I'm at an inflection point in my career, and in keeping with the pursuit of FatFIRE as the ultimate goal, I'm hoping some of you may be able to offer advice and guidance - perhaps you've had a similar decisions in the past and have critical insights.
+
+29 years old. Currently work in a highly niche area of commercial management consulting. I make $170/yr, +bonus (\~10k). HH income is \~$270k. I max my 401k, save well, have 0 debt except car lease ($350), have $75k in my 401k plus 25k emergency fund. My FF goal is (at least $5m.) I will also likely inherit \~$800k in the coming months.
+
+Two close colleagues are co-founding a firm in the space doing slightly different work, and want me to join as the first hire. I'd be leading the first engagement while they build more business, and would lead this business unit as we scale. Our total rev per persons would likely be \~$380k/person to start. We haven't talked about salary, but I'm really at a loss as to what to ask for. I want to continue my path to FF - I'm not going to compromise that. Additionally, I would like to negotiate an incentive comp plan, and/or some sort of ownership slice of this BU. Want to be clear that this is NOT a tech startup, and the revenue and profit grow with each person we add. This is direct client support.
+
+Does anyone have experience negotiating this type of package? Off the top of my head, I was thinking about $225k base, 25% stake in the first engagement, and 30% profit sharing on all future "hunted and killed" new work. Am I off on this? Too much or lowballing myself?
+
+I believe that would keep me on the path to FF and I could reasonably hit my numbers. At the same time, this feels inherently risky. Thanks all.
+
+EDIT: Thanks for the advice so far. It sounds like asking for equity is nearly universally agreed on. BUT, what I'm really interested in is what folks think of the base comp and %s that I'm thinking about. Many thank for reading. 
+Hi everyone. I'm still new to options so.. be gentle.
+
+A few weeks back I asked about the potential risks of the wheel strategy. I received some very helpful responses. After this past week I'm very familiar with the potential downsides. :)
+
+My next question: would it make sense to buy a protective put on a stock you are wheeling to limit the downside risk if the underlying stock tanks? 
+
+For example: I'm wheeling AMC. I have no confidence that the stock won't tank. I see there is a June 6 $6 put selling for $.46. That seems like some pretty cheap insurance against a large drop, putting a limit on my downside risk.
+
+Pros: Puts a limit on my downside risk if the underlying tanks.
+
+Cons: Buying the put eats into the profit  I'm making selling CCs and increases my cost basis slightly.
+
+Are there other factors I've missed?
+
+Thank you!
+My father and my grandfather and my great grandfather could all sustain their families on a single middle class income. I'm not talking about america here alone. My grandfather and greatgrandfather were belgian and respectively french.
+
+Now I am older than when my ancestors started their families and I can just sustain myself. If I started a family it would be mandatory that my spouse also get a job.
+
+In the 21st century despite enourmous increases in efficiency I can't even dream to have their lifestyle. What happened? How could companies afford to pay that much back then but now it's apparently impossible?
+My father and my grandfather and my great grandfather could all sustain their families on a single middle class income. I'm not talking about america here alone. My grandfather and greatgrandfather were belgian and respectively french.
+
+Now I am older than when my ancestors started their families and I can just sustain myself. If I started a family it would be mandatory that my spouse also get a job.
+
+In the 21st century despite enourmous increases in efficiency I can't even dream to have their lifestyle. What happened? How could companies afford to pay that much back then but now it's apparently impossible?
+Started in October 2017. Thought I was late, everybody does. Decided to buy as much bitcoin as possible. Basically this means buying from every paycheck as much as possible. It's the FIRE type of investing but replace S&P500 with bitcoin. It's been going pretty well, a couple of crashes here and there. If you manage to keep your emotions at bay, there's no better way of accumulating capital (and freedom in your life). I started to document my journey in this blog. Hopefully it gives you motivation to do something similar!
+
+Enjoy:
+
+[https://er-bybitcoin.com/stacking-em-volume-20-march-2022/](https://er-bybitcoin.com/stacking-em-volume-20-march-2022/)
+**The stock market finished a terrific week at record highs🚀🚀🚀 Companies like Google, Pinterest, Amazon & others smash earnings reports while Jeff Bezos bows out🚀🚀🚀 Let’s talk about this & other stock market news**
+
+Hello everyone! So, let’s start with the recap of last week, as we saw all 3 major indexes finish the week with big gains with the SP500 & Nasdaq Composite finishing at new record highs while the Dow Jones did also rise for 5 straight sessions. For the week the [DOW](https://imgur.com/NQpg47q) gained 3.9%, the [SP500](https://imgur.com/cY3wx9N) rose by 4.65% and the [Nasdaq Composite](https://imgur.com/T5qgyg5) outperformed gaining just over 6% in what was the best week since early November 🚀🚀🚀
+
+The Volatility [Index](https://imgur.com/Ki1RNHZ) dropped every day last week as it now seats just above 20, with this being a huge level that hasn’t been broken in a long while.
+
+We saw all 11 [SECTORS](https://imgur.com/pp8DYTh) finish the week in the green, with Energy leading the way followed by Consumer Discretionary, Communications & Financials also gaining more than 6% 🚀
+
+[Here](https://imgur.com/tRRK4fZ) is the HEAT MAP from last week, as we saw a hole lot of green in pretty much every sector, with big tech names gaining huge while the biggest lagging sector was Health Care. The big tech names just continue to [increase](https://imgur.com/96Q4J9w) their % of the SP market cap as technology is likely to continue to be one of the best performers in the next decades.
+
+We also saw some interest economic data last week, as manufacturing continue to recover in January as both the [ISM](https://imgur.com/Q9ZPnxF) index and the [PMI](https://imgur.com/nVz0oDe) Index came in pretty solid and continued to stand in expansion territory.
+
+Also, the [ISM](https://imgur.com/jgJ2IbI) Services Index came in better-than-expected rising above expectations due to an increase in employment & new orders.
+
+In terms of Job numbers, we saw [ADP](https://imgur.com/a39dqcB) coming in way better than expected as over 170K jobs were added after a big drop in December. We also saw initial jobless [claims](https://imgur.com/ftMXubP) dropping even more than expected while the continuing jobless claims fell to under 4.6M last week.
+
+This [WEEK](https://imgur.com/vLr3QHG) is pretty quiet in term of economic data, with core CPI, Consumer indexes and jobless numbers being the biggest ones while the [EARNINGS](https://imgur.com/PMP5olx) season continues with some of the most interesting earnings coming from Twitter, Coca-Cola, GM, Uber & PepsiCo while we also have to see how Disney subscriber numbers are continuing to evolve after hugely upgrading their expectations. One other thing that I am also interested to watch is the PayPal investors day on Thursday in which they are expected to provide a 3-to-5-year financial outlook.
+
+In some other stock market [news](https://imgur.com/EcqHtMU), it seems that most of the RBNHD retail investors that have jumped ship are going to Square’s Cash APP with almost 40% of investors choosing the app. We have to see if this trend continues now, after [RBNHD](https://imgur.com/joQIln0) removed limits on all stocks, but regardless, I think Square is a nice FinTech play despite their huge valuation right now, as they will also benefit from the jump in digital currencies and more companies planning to increase investments in integrated POS providers just like Square 🚀
+
+We also had a lot of interesting earnings last week with Amazon [crushing](https://imgur.com/GILwN3r) expectations, beating by almost $7 and almost $6B on revenues as this was the first time Amazon passed the $100B mark in a quarter as the holiday & e-commerce demand combined to give Amazon a 44% increase y/y in sales. The other big [thing](https://imgur.com/WMmAddL) we got from Amazon was that Bezos will step down as CEO as Andy Jassy the current AWS leader will become the next CEO. This news caused some uncertainty for the company, but I believe this is still a long-term buying opportunity as Amazon will remain one of the best companies to own in the world 🚀
+
+Also, one of the biggest fintech companies out there, [PayPal](https://imgur.com/Klv5tD6) showed great strength in their numbers, beating both the top & bottom line as their total payment volume and new active accounts showed continued strength in the move to more & more online payments solutions 🚀
+
+The other big earnings report we saw last week was from [Alphabet](https://imgur.com/5BOUPT0), which also beat by more than $6 and $4B in revenues as they surprised most of the analysts with great beats in most of the segments as their operating margin came in 5% better than expected. The biggest income generator remained the Search & YouTube business as they are still investing huge in their Cloud platform that is still bleeding money, but is very likely to pay out in the long-run 🚀
+
+Other companies also smashed earnings with [Pinterest](https://imgur.com/0zB9SPh) beating expectations after a 76% revenue growth and a 37% user growth while [Ford](https://imgur.com/zerclC2), which was expected to post a loss, turned out positive earnings of $0.43 despite a 9% decrease y/y in total revenues, as the last 2 quarters of the year provided strong evidence that Ford is progressing into turning around the company🚀🚀
+
+Meanwhile, though they didn’t have an earnings report, [COSTCO](https://imgur.com/6UmGJ7x) reported a rise in sales of almost 18% in January as the total comparable same store sales which rose by 15.9% crushed the analyst expectations of just 11.7%. I believe Costco is one of the best retailers to own despite it trading always at a premium, as the company is also jumping on the e-commerce trend, with a 107% increase in e-commerce sales in January🚀
+
+And finally, let’s hope for a good day as the [world](https://imgur.com/itl9KxB) stock markets and the US [Futures](https://imgur.com/mlrfLz5) are pointing to a good open with the Nasdaq leading the way after the Treasury Secretary [pushed](https://imgur.com/jfKvaev) for more fiscal aid to help the economy & the unemployment fully recover as fast as possible.
+
+**Thank you everyone for reading🙏 Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market! Have a great day and see you next time❗**
+[To Make Money in Stocks, Take Off Your Headphones. Betting against the noise is a consistently successful strategy.](https://www.bloomberg.com/opinion/articles/2020-01-23/betting-against-the-noise-can-make-money-in-stocks)
+
+By John Authers
+
+Bloomberg
+
+January 23, 2020, 12:18 AM EST
+
+​
+
+>Noise reduction is usually a great strategy for markets as well. Last year it would have made sense to take off the headphones and pay attention to the noise, though. Anyone with a powerful computer and the ability to keep trading costs low can make money from this method, outlined by Joseph Mezrich, quantitative strategist at Instinet LLC. Start with a simple reversal strategy of shorting the best-performing stocks at the end of each month, and buying the worst performing. As the chart, which doesn't include the (probably considerable) trading costs shows, this gains almost nothing in the long term. Then control for how different factors performed during the month, and how different sectors performed — both of which improve returns. For a final step, exclude stocks where there is low dispersion among analysts’ forecasts, on the grounds that the fundamentals of such companies are probably known and priced in. If you avoid stocks that are moving in line with their sector or factor, or in response to news about their fundamentals, the chances are that what is left is pure “noise.” Betting on these stocks to reverse at the end of each month, it turns out, makes money very consistently.
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+***
+
+Thread guidelines:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them.
+
+***
+
+ Resources and other information:
+
+* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all).
+
+* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education).
+
+* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto).  Account permissions are required to post comments through Reddit-Stream.com.
+
+***
+
+Enjoy!
+
+We saw how the market dropped earlier wtih CBoE contracts, will the same happen with CME contracts?
+
+Can someone help explain future contracts, how they work and how they affect the market?
+
+Copied the following quote from an article from themerkle.com and cannot find the article any more.
+
+'There could be more downward pressure on markets when the CME contracts expire in a few days on January 26. The CME contracts are tied to 5 Bitcoin’s whereas CBoE’s contract was only one, the stakes are larger this time and the markets could be feeling it already.'
+
+Edit: [found the link, it was tokenzone not themerkle](https://tokenzone.io/all-posts/cryptocurrency-market-endures-minor-correction-led-by-asian-markets)
+What do you guys think?  Looking for a few more opinions on this.  I feel like there's the potential for them to dip again before the fork, so I don't know if jumping in to buy them just yet would be a good idea.
+I day trade high dividend stocks. This way, if a trade goes against me, I still make 5-10% on my money in a year. While working a different job full time, trading dividend stocks takes off a lot of pressure associated with trading.
+
+I start with 20% of my account on each trade. I will add up to 80% of my account if I have to average down. I lock in at most a 1% gain every trade. I aim for 0.4% gain on my entire account each day. For perspective, that’s $40 on a $10,000 account and $400 on a $100,000 account. A lot of traders will try to hit the lottery every day. I aim for easy, consistent, & stress free gains each day. I look for support bounces & trendline breaks. The stock market transfers wealth from the impatient to the patient. Be patient. Don’t learn the hard way like me. I lost 30k in my first year of day trading. I was devastated. I should have started with beer money.
+
+I started my account with $23,000 in March and I’ve grown about 50% to $34,000
+If you aren’t 10 years or less from retirement, you should be excited about the upcoming potential recession or market correction. These happen from time to time and historically speaking, every recession is a perfect time to get a decent position in whatever your favorite Blue chip companies are(that is of course if during the recession you have any spare money to begin with). Companies like Apple and Microsoft are recession proof and these current prices are at a great discount. Yes, the market could keep going lower, that’s why dollar cost averaging strategies exist, but please, don’t neglect to invest in this bloody red market. In 5 years, you will be thanking yourself.
+
+Edit: I’m not a boomer lol. Im 26. The whole idea that I was a boomer bag holder is ridiculous because even if it were true, are people here actually stupid enough to think that a post with 5k upvotes swings the market in any direction? Yes, this might not be the bottom but “time in the market beats timing the market.” I even got made of fun of for not giving individual recommendations yet had I gave recommendations it would have been people getting upset about that too. Lastly, I don’t literally mean eat ramen and invest every dollar you can lol. But whatever, Reddit mob.
+"Analysts have been calling the stock “overvalued” since the day they went public, because they all keep comparing it to other car companies. I wish I had a dollar for every analyst who pointed out how “*every other car company sells ten times as many cars*”. 
+
+ I’ve also repeatedly bumped into some lazy analysis that Tesla is expensive because its current P/E is 1,270x or forward P/E is 204x. However, I’ve hardly ever seen a Tesla bear put out a detailed valuation in support of their bearish thesis which makes me wonder if a lot of people are simply dismissing Tesla in arrogance.
+
+But the thing is, they’re all making the same mistake:
+
+**Tesla isn’t a car company.**
+
+They’re an energy and technology and SaaS company that makes cars.
+
+Once you realize what Tesla really is, you start to see what their place in the market is going to be in the years to come.
+
+They acquired Grohmann Engineering. They acquired Perbox. They acquired Maxwell Technologies and Hibar Systems. And of course everyone remembers the Solar City acquisition back before dropping Motors from their name. They didn’t acquire these companies because they thought they were cool. They did it so nobody else could.
+
+* There are 25,000 EV charging stations in the United States. 20,000 of them are owned by Tesla.
+* Tesla is currently the #1 li-ion battery manufacturer in America, and #5 in the world.
+* Tesla has secured the rights to large supplies of lithium, and has developed their own internal process for extracting lithium deposits inexpensively from other sources.
+
+These segments of the energy space — battery production and EV charging — are a market sector that’s going to grow 50 fold in the next 15 years as consumer demand for EV’s increases. All of the major auto manufacturers have declared they’re shifting towards electric cars.
+
+Where are they going to get the batteries? How are their customers going to charge them?
+
+The answer: Tesla.
+
+Musk has made it clear from the beginning that their intent is to supply batteries for the entire EV *industry*, not just their own cars, and has also more or less come out and said that he’s open to letting other auto manufacturers access their Supercharger network. That puts them squarely in the energy business as the single most capable distributor.
+
+There’s also been chatter about licensing their self-driving technology, and using their self-driving technology as a recurring revenue generation, which would be a very attractive value-add for the other OEM’s. And all of these things don’t even begin to cover the expected growth in residential energy with products like rooftop solar, Powerwall, etc."
+
+​
+
+**People making the claim that Tesla is an overvalued car company are making the same mistake they made saying Amazon is an overvalued retail company. Back in 2010, after it was clear how big AWS and cloud computing was going to become.**
+Hi everyone - Based on my own research, it seemed IDNA could be a potential candidate for consideration, which is currently traded at a more affordable entry point ($50 vs $105) and expense ratio (0.47% vs 0.75%). Obviously the performance is moderate compared to the superb return of ARKG (66% vs 185% YTD), or all the ARK funds in general. However, for a long term investor, it could be a viable option.
+
+Curious if you have any thoughts and/or different suggestions that you could share? Thanks in advance!
+
+***EDIT: Adding GNOM for consideration as well.***
+GS Future Tech Leaders ETF, do you think is a good one? And if I already own QQQM? It seems it only invests in Tech companies with potential growth power under 100B MarketCap.
+I've been thinking a lot about everything that's going on right now. My gut feeling always leads me to the same place, and I am rarely wrong with my gut feelings.
+
+I firmly believe that we are knees deep in a **massive** three-pronged FUD-based shill attack that has been months in the making. This could very well be their final charge - but that's speculation and I don't want to make any predictions about the future.
+
+**Prong one**: generating hype for the 14th, preparing us for a huge let-down when the stock trades sideways or falls more. There's no proof that anything substantial will happen today as far as I am aware. They are hoping to destroy our morale with this *one simple trick.*
+
+**Prong two**: recent price dips. This is self-explanatory and serves to supress the stock and lower morale. We've seen this a many times now and it is a strategy they consistently and continually employ. It needs no further explanation.
+
+**Prong three**: this materialised within the last day or so and it is the [mod thing](https://www.reddit.com/r/Superstonk/comments/ojos41/im_stepping_back_from_the_daily_posting_of_the/). I will not say any more about that as I believe that we should all ignore it and continue as before. It is FUD of the highest order and the truth will come out soon enough. Respect to u/pinkcatsonacid \- you did the right thing. However, it is indicative that they are scrambling to divide us once again, just as they did with the previous subs.
+
+All this points to desperation from the hedgies, they seem to be coming at us with everything they have, but we stil have the advantage. We are in our banana castle on HODL hill, and they don't have the seige equipment to breach our defenses. All they can do is distract us, demoralise us, seed dissent, and hope that we come out willfully. 
+
+All we have to do is **HODL** and stay strong💎🙌,
+
+be **excellent to each other**,
+
+don't get **distracted** by the [obvious FUD](https://www.reddit.com/r/Superstonk/comments/mnjqpw/dont_forget_what_they_did_a_running_list_of_fud/),
+
+post **good content** to engage the community in a healthy way and to **bury said FUD**,
+
+**trust the** [DD](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/?utm_medium=android_app&utm_source=share) and continue to create more, 
+
+**don't set dates** and don't get hyped for **ANY** date,
+
+and most importantly...
+
+...**stay retarded** 🦍. 
+
+Have a great day everyone - remember to spread positivity and healthy vibes, and remember to stay mentally healthy and take time away from the sub focus on things that make you happy. 
+
+​
+
+https://preview.redd.it/i3y99l9nb4b71.png?width=590&format=png&auto=webp&s=7616dda21809f9cb4915d4d4c6700910decaee58
+My question is two-fold:
+
+1.The broader question as per the title.  What are the most common ways? Right from simple investing up to how assets / property can be utilised to borrow, re-invest and generate more wealth. What would you say are the main barriers that stop those not involved in wealth-growing from being involved - knowledge, connections, intelligence, risk-taking, luck, a bit of everything?  Also from an inheritance tax perspective - how common actually are the use of trusts?
+
+2. I was part of a conversation recently where an acquaintance is purchasing a very expensive property in London with an interest-only mortgage and her income is low.  I'm aware the family in question own substantial property assets and I'm wondering if a.) if it seems likely that the family has used these assets to enable this interest-only arrangement seeing as this person is a low earner and b.) how this would/should play out long-term.  Do you think they are utilising the cash to make other investments in the short-to-medium term and thereby the pay-off of the capital is 'easier' in the future (ie. that 500k is turned into 700k?).  Is this common and are there any downfalls?
+I want to explain financial concepts to someone, including the power of compounding interest and damage of paying just the minimum on student debt. Anyone have good charts or resources/examples that could help me illustrate this?
+The announcement of a dividend, today or sometime in the future, will likely be the beginning of a journey that will last *at least* 90-120 days, a period that could see MOASS occur at any time, or several foreshock MOASSes to occur before the main event. 
+
+Here's a loose timeline of events to happen:
+
+### (Event 0) D-10: The Notification
+
+The exchange must be notified 10 days prior to any planned Dividend announcement.  Has the Exchange been notified?  What would happen when it is?  Would certain inside players attempt to drive down the price?  I know I would.
+
+### (Event 1) D-0: The Declaration
+
+The day of the public announcement/press release, is known as the Declaration Date.  The Declaration happens at the end of a trading day.
+
+The Declaration Date will announce the dividend details (Cash/Shares/NFT), and, most importantly, the **Date of Record**, which will be the future date that will be used to determine which shareholders of the stock will receive a dividend.  The trading day before the Date of Record, known as the **ex-Dividend Date**, is essentially the cutoff date for getting your hands on a dividend.
+
+**In order to ensure you receive a dividend, you MUST own stock at least ONE DAY BEFORE the ex-Dividend Date** (aka two business days before the Date of Record.)  Remember, settlement takes two days.  You need to accommodate for that.
+
+**There's some flexibility in how far out after the announcement the Date of Record is.  I'm going to assume 10 days.   This makes the ex-Dividend Date D+9.**
+
+### (Rollercoaster 1) D+1 thru D+9: Volatility
+
+In a normal circumstance, knowing that a purchased share will yield you cold-hard cash in short order, the price of a stock would typically rise in relation to the dividend value itself (and any speculative conclusions made from an earnings reports, etc., assuming they were announced together.
+
+In GME's circumstance, and assuming the dividend is an NFT, we... don't know what will happen.  I personally have faith that retail sentiment alone will drive the price up to new record levels.  There should be a **"oh my fuck, they were right!"-moment** amongst retail and traditional investors who had previously expressed doubt in GME.
+
+I would expect short-sellers to either increase their short positions or do absolutely nothing.  They won't want to contribute to the rising price at this time.
+
+I would expect disinformation about the peak already coming and going at this time.  Damage control by the Financial Industry will be in full-effect.
+
+### (Rollercoaster 2) D+1 thru D+9: Margin Calls, or Lack Thereof
+
+**Remember how Evergrande "made their payments" for the last 2 months?  That will likely happen here.**  Don't expect a rising price to trigger a Margin Call.
+
+Combined with the above, expect the lack of a Margin Call to be presented as *it having already happened* and the peak having already arrived and gone.  This will be the tactic of the Financial Industry and Financial Media.
+
+It's going to be real hard to deny their claims that the peak came and went.  It's your job to be strapped in and ready for the ride.
+
+### (Rollercoaster 3) D+1 thru D+9:  The Legal Challenges
+
+This is a foregone conclusion.  Someone will challenge that an NFT isn't a valid dividend, and will seek to offer cash in-kind.
+
+The Overstock verdict helps us in this regard, but there remains a risk that a legal challenge could accomplish two things before our ultimate victory:  Halt trading in our stock; or delay payment of the dividend.  Both may result in price momentum loss and/or a severe dip.
+
+This will be further represented as the end of MOASS.  Anyone still holding stock at this point will be declared bag-holders and the pressure to sell will mount if you're not aware of this tactic.
+
+### (Event 2) D+10(?): The Date of Record
+
+Assuming legal challenges don't alter that date, the Date of Record is the finish line for those wishing to have an NFT.
+
+**If Margins are not Called by then, it is probable that price flatlines or even dips severely after this date.**  The pressure to buy for the NFT will diminish (since you won't be eligible for it if you do) and the incentive to short will increase.
+
+The resultant price movement will be used as further evidence that MOASS is over.
+
+### (Event 3) D+10+30: Payment Date
+
+Stockholders should receive their dividends within days of ~~announcement~~ the Date of Record passing.  In practice, they have ~30 days to dispense them. 
+
+Price movement will continue to be suppressed due to Event 2 having passed.
+
+### (Event 4) D+10+31: The Refusal To Distribute Dividends
+
+As brokerages find themselves unable to distribute NFT dividends due to lack of supply vs. claims (thanks naked short selling and synthetics), they will ultimately stop distribution.  After the typical ~30 day deadline for payment, they will notify GameStop that they cannot/will not distribute the dividend.
+
+This cannot be stressed enough:  **The ownership of shares in brokerages is THE ULTIMATE CATALYST FOR MOASS.**  None of this works without our apes holding shares in brokerage.  MOASS only happens when someone is owed something they can't be given.  (e, 3:19p EST): This isn't an encouragement not to DRS or to detract from it's importance, just a recognition that DRS means nothing unless DRS 100% + More in Brokerage exists.  Also, DRS is a separate MOASS effort that doesn't affect Dividend MOASS.)
+
+CS holders will receive their dividends via whatever method GameStop has accommodated.  And so will many brokerage apes (assuming the float isn't locked up by then.)
+
+It's you heroes who can't DRS who will be helping to make this happen. Not receiving a dividend doesn't make your shares worthless.  To the contrary:  It makes them the most valuable.
+
+(e, 3:34p EST): Legal Challenges will happen during this time by investors suing the DTCC and brokers for a) Not being able to deliver their dividends; and b) diluting the value of their shares via synethics.
+
+### (Event 5) D+10+32: The Filing To Change Exchanges
+
+With the refusal to distribute a dividend, GameStop will exercise the verbiage they placed into their corporate documents and declare their intention to leave the standard exchanges.
+
+This starts a 90-day clock.
+
+### (Rollercoaster 4) D+10+32 thru D+10+32+90: Liftoff
+
+If we survive the legal challenges and we HODL like the movie montage trained us to do, and Margin Calls continue not to happen, MOASS definitely happens during this 90-day period.
+
+Shorts are closed as brokerages prepare to give their holders real shares for the coming exodus.  The price reaches obscenely-high levels for what it is.
+
+### (Event 6) D+10+32+91: Touchdown
+
+We've arrived on the Moon.  Those who cashed out are sitting pretty with a windfall they didn't expect to have just 12 months ago.
+
+Our remaining GME shares have been converted into blockchain holdings.  The share price plummets from its MOASS peak to an accurate reflection of the company's worth - a price several times higher than its quote as of this writing.
+
+MOASS is over.  The proof-of-concept re: a new stock exchange has become reality.  And other companies begin to follow suit.
+Hey everyone, 28M here looking to get all my debt taken care of and get into a house within the next year.
+
+Primary income: 58k
+Secondary: 10k
+457:20k
+Roth: 2k
+Stock trading: 4k
+Savings: 6k
+
+Debts:
+2 cars: 41k
+CC: 5k
+Rent: 12k (annually)
+
+I'm trying to pay debt down and save for a down payment on a house. How do I do this? Do I "pay myself" and then work on debts, pay debts then save, or is there a different method? 
+
+Thanks
+Hello y’all, 
+Backstory: 
+I’m 24, have 1,000 a month to invest with 12,500 capital. My goal is to retire ire around 40-45 and live off dividends generated.
+
+I’ve been working on this portfolio and before I start trickling in my capital and then the monthly contribution I was wondering what you all thought and if you have any suggestions. 
+
+I’ve geared it a little more towards overall growth so I can grow the money faster and then sell and gear more towards dividend. 
+Current ratios according to M1:
+5 year portfolio growth: 104% overall growth
+Dividend yield: 3.27% 
+
+
+My idea is in about 6 years when I become 30 to trickle out of apple and Microsoft and reinvest the growth from those into the better dividend paying stocks to get a higher yield at the sacrifice of overall account growth. 
+
+Any help/advice is always appreciated 
+
+
+https://m1.finance/oCmJJaeaxy8Y
+Melvin Capital will close down by the end of this month / next week, see here:
+
+https://franknez.com/hedge-fund-melvin-capital-is-shutting-down-end-of-june/
+
+I find it odd that nobody seems to expect him closing down his short position by this date? It has always be the theory that Melvin is one of the HFs with the biggest short position in GME. Shouldn’t we expect our beloved stock to moon by the end of next week?
+Hey guys, I hope everyone’s doing well!  I've had the privilege of working with some of the most talented entrepreneurs I've ever met during the last few months. And they have thaught me at least as valuable mindset as our beloved mark Douglas.
+
+And by talent, I don't mean their ability to master a specific task, but rather the ability to acquire specific knowledge and expertise in specific areas.
+
+​
+
+Please bear with me because this isn't going to be about any trading plan or anything. 
+
+​
+
+I've always believed that I had the correct mindset for trading and life in general. But it has recently occurred to me that I could not have been more wrong. Although having the ability to generate profit through trading has been a blessing, I've still battled the desire to scale up and become FINANCIALLY INDEPENDENT ASAP. 
+
+And since I can usually take more from the markets than I give, I've wondered why I'm not already a millionaire. Isn't this ridiculous mindset, righ? That's what I'm thinking!!! But why am I still fighting this inside my head? 
+
+​
+
+Well, trading-related social media has managed to skew my financial perspective. Not only trading stuff, but entrepreneurship in general has been romanticized to the point where I've been convinced that I need to succeed in a few years or else I'm doing something wrong. And I've always thought that the social media is bullshit and I'm not falling for it.  
+
+​
+
+And while working with these two brilliant entrepreneurs, I was able to pinpoint the source of all of this awful thinking. What I was missing was the right mindset regarding  REPETITION. Underestimating the value of repetition and thinking I could achieve things without FIRST repeating it more than the other 99% of fellow traders. And this takes time.
+
+​
+
+”I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.” 
+
+​
+
+And for me, this has been the missing piece of the puzzle. I was naive enough to believe that because I've tried dozens, if not hundreds, of different trading strategies, I must be an expert. Sure, it's helped me observe markets from different perspectives, but it doesn't mean I'm good or capable of exploiting them.  
+
+​
+
+It's no coincidence that many wealthy people struggled in their twenties, and I'm sure in saying that when you look around you, the majority of the wealthiest people around you (those who became wealthy through their own efforts) aren't youngsters. What do you make of this? 
+
+​
+
+First work your ass off without expecting anything in return, and when you do, don't assume it's enough of practice. People that succeed do not believe that everything they do has to make money right away. And they certainly don't believe that achieving the first goal is enough. They want to repeat the same actions over and over until they know it like the back of their hand once they are able to start adapt it. And this is just like a trading strategy.  
+
+​
+
+First and foremost, I want to express my gratitude for anyone reading this far into my confusing and messy writing. And to sum up this, live your life to the fullest and don't be afraid to do the same things over and over again. It's not supposed to be pleasant or simple, but learn to appreciate it nonetheless.
+Help them build up ideas for new inventory. You better believe they are tracking and recording every search through their website. It could also help them innovate new products that gamers want but no one / few people are making. You want an officially licensed gaming blanket? How about some of those LED tiles people put all over their walls? Mountain Dew flavored Doritos?? Cool Ranch flavored Mtn Dew??
+Hey guys, I'm 23/F living with my partner 25/M. He was struggling with applying for jobs and I'm not sure what other online jobs + in person ones out there are hiring. He's applied to Amazon, Instacart, Costco, BJs, UPS, Lionbridge, etc. (in store, he doesn't have a license + we only have one car). 
+
+He's good with customer service, data entry, writing, computer servicing, management, that sort of stuff. He doesn't have a college degree (yet). 
+
+We are in the DC area, northern VA to be precise.  
+
+Any help or suggestions would be much appreciated. I can *barely* afford to pay the bills on just what I make, literally any suggestions would be appreciated.
+Follow the yellow brick road
+
+We're starting with IMX and following the transactions of where they send there tokens too.[https://etherscan.io/address/0xe1d1ad55254b29b43035937894514d0adbac7aea#tokentxns](https://etherscan.io/address/0xe1d1ad55254b29b43035937894514d0adbac7aea#tokentxns)\\/[https://etherscan.io/address/0x177f9dd13ccc02065c7494ea8396e4e2ba54dfa1#tokentxns](https://etherscan.io/address/0x177f9dd13ccc02065c7494ea8396e4e2ba54dfa1#tokentxns)
+
+\\/
+
+[https://etherscan.io/address/0x8c1dcea14acce463d8806928860899ad6c8f615b#tokentxns](https://etherscan.io/address/0x8c1dcea14acce463d8806928860899ad6c8f615b#tokentxns)(Gamestop).
+
+\\/
+
+[https://etherscan.io/address/0xb7fabf725d60700ff57bae72b666dc55646cde48#tokentxns](https://etherscan.io/address/0xb7fabf725d60700ff57bae72b666dc55646cde48#tokentxns)
+
+\\/
+
+[https://etherscan.io/address/0x1157a2076b9bb22a85cc2c162f20fab3898f4101#tokentxns](https://etherscan.io/address/0x1157a2076b9bb22a85cc2c162f20fab3898f4101#tokentxns)
+
+The final wallet in which i could track the imx tokens too. but look at the activity being sent to the wallet.  Nfts from Apple. Mcdonalds. Rolex. Louis vutton, Dolce gabbana, Gucci Warner bros.
+
+This wallet contains $115million in assets thats ether and other tokens from hundreds of big name companys and other developers tokens and over 400 nfts so far... almost as if this is 1 big hub/or marketplace
+
+​
+
+Update: 
+
+ alright, iv had some time to look into these nfts. The conclusion.... crime. Next level call the mofo FBI crime. im not sure how 39,173,533 imx tokens made there way into this wallet yet.
+
+As for the nfts its easier to view those via rarible, each and every brand all have the same description "COUNTDOWN FINISHED. MINTING IS NOW LIVE" and a link to the brand specific website, these websites seem like direct clones of the original websites i.e rolex, supergucci, invisiblefriends although all with the same theme "mint 5 get 1 airdrop free or 2 for 10". We are talking dozens of brand sites, dozens of verified rarible accounts with hundreds-thousands followers, 10's of thousands of nfts. Each of verified rarible accounts connected to these nfts all hold the similar nfts and brands.
+
+[https://rarible.com/4156/owned](https://rarible.com/4156/owned)  
+[https://rarible.com/twitter/secondary](https://rarible.com/twitter/secondary)  
+[https://rarible.com/defidad/owned](https://rarible.com/defidad/owned)  
+[https://rarible.com/-888-/owned](https://rarible.com/-888-/owned)
+
+Someone @ Gary gensler
+**TL;DR - The halt was a genuine (and legally required) tactic used by the exchange to comply with the SEC's LULD (Limit up, Limit Down) rules. The halt IS NOT what we should be focusing on, rather how the price action changed so significantly that it caused it.**
+
+
+I apologise for any formatting issues, I am writing this on my phone! Also, appreciate u/Dlauer correcting any misinformation! I hope to add photos very soon! 
+
+
+
+#What was the halt? Was it legal?
+
+*On May 31, 2012, the Securities and Exchange Commission (SEC) approved, on a pilot basis, a National Market System Plan, known as the Limit Up/Limit Down (“LULD”) Plan, to address extraordinary market volatility. The Plan was approved as a permanent rule on April 11, 2019.*
+
+
+*The Plan is designed to prevent trades in NMS Stocks from occurring outside specified price bands, which are set at a percentage level above and below the average reference price of a security over the preceding five-minute period.*
+
+
+ *The percentage level is determined by a security’s designation as a Tier 1 or Tier 2 security. Tier 1 comprises all securities in the S&P 500, the Russell 1000 and select Exchange Traded Products (ETPs). Tier 2 comprises all other NMS securities, except for rights and warrants, which are specifically excluded from coverage. The Plan applies during regular trading hours of 9:30 am ET - 4:00 pm ET.*
+
+
+Well what is all that nonsense eh? Basically, to stop crazy wild price swings of ridiculously abnormal trade prices. If we want MOASS, we're gonna have to climb there. The trades have to be executed, within a certain percentage of each other. 
+
+Imo, the exchange was legally doing what it was required to do.
+
+________________________________________________________
+
+#Definition of a LULD
+
+
+*The price bands, consisting of a Lower and Upper Price Band for each NMS Stock, are calculated by the two SIPs – CTA and Nasdaq UTP. The SIPs calculate upper and lower price bands by applying a formula to a Reference Price, which is the arithmetic mean price of Eligible Reported Transactions over the prior five minute period. (The first Reference Price of the day is either the primary market’s opening price or the primary market’s previous day’s closing price/last sale when opening on a quote. If no eligible trades have occurred in the prior five minutes, the previous Reference Price remains in effect. The Reference Price is updated after 30 seconds only if a new Reference price would be least 1% away from the current Reference Price.*
+
+*The Price Bands are calculated by multiplying the current Reference Price by the applicable Percentage Parameter and then adding or subtracting that value from the Reference Price and rounded to the nearest penny.*
+
+*Price Band = (Reference Price)+/- ((Reference Price)x (Percentage Parameter))*
+
+
+**Illustration: Assume that “XYZ” is a Tier 1 security and has a previous closing price of $25. As such, its percentage parameter would fall within the first bucket (Greater than $3.00) of Table 1 above. Security XYZ would therefore have upper and lower price bands that are 5% greater ($26.25) and lower ($23.75) than that of the previous closing price, respectively.**
+
+________________________________________________________
+
+
+#How we halted
+
+When the National Best Bid (Offer) is below (above) the Lower (Upper) Price Band, the SIPs disseminate the National Best Bid (Offer) with an indicator identifying it as unexecutable. 
+
+Trading immediately enters a Limit State if the National Best Offer (Bid) equals but does not cross the Lower (Upper) Price Band. When a Limit State occurs, the SIPs indicate the National Best Bid (Offer) as a Limit State Quotation. 
+
+Trading exits a Limit State if, within 15 seconds of entering the Limit State, all Limit State Quotations are executed or canceled in their entirety. If the market does not exit a Limit State within 15 seconds, the primary listing exchange declares a five-minute Trading Pause. 
+
+
+________________________________________________________
+
+#Conclusion? 
+
+We started to go fucking parabolic. There were trades THAT WERE BEING EXECUTED so far outside of the NBBO, that the exchange was legally required to halt and resume trading at the last (legal) price. 
+
+The crime isn't the halt. Its how the fuck trades were being executed outside of the NBBO.
+
+
+________________________________________________________
+
+#extra sauce
+
+So you know today how we kinda started to crash around 25 mins before market close?
+
+*Price Bands are doubled during last 25 minutes of the regular trading day for all Tier 1 Securities and for Tier 2 Securities below $3.00.*
+
+
+They rely so fucking heavily on this price band to flash crash. The acceptable limits are raised to 10% in the last 25 minutes and you can clearly see that helped them.
+It would be a very small portion of my overall ETH and right now I’m doing really good with saving money so I don’t want to waste my work money I’d rather sell some eth? What do you guys think?
+I am very lucky.
+
+I will never have housing problems because I live with my family ( mom, grandparents, aunt and uncle)
+or hospital bill because I live in Italy. 
+
+I thought nobody could get poor because I couldn't
+
+But my shoulders are covered by a sound family without debt.
+Now I am in a small financial struggle and I owe my mother € 1k 
+
+My payment will come at the 28th of this month  and it will be €650
+
+What will I do without my family? What about who doesn't have a family? 
+
+From my privileged prospective I couldn't get the prospective of poverty but getting in debt really opened my eyes. 
+
+I really appreciate all your struggles and keep it up with your effort to get a better life
+
+Edit: some comment made me realize that the title is wrong.  I Cannot say that I get all poor people and their strugle just because I am 1k in debt with my mum. 
+
+Since I cannot edit the title pretend that it was:
+ 
+"Now I get how someone can get poor "
+Hi all, 
+
+I recently inherited some money, and plan to use to partially fund a house move (already homeowners, will be looking to step up the ladder) at a future date. I'm not sure when this move will take place, but it will be definitely be between 2 & 10 years, and very likely will be between 5 & 10yrs. 
+
+Therefore my goal was to preserve the capital rather than allow it to be eroded by inflation, or by house price increases. Obviously if it grew a bit, that'd be great, but the main goal is preservation. 
+
+Therefore I put 60% in UK bonds fund (VIUKGO) & 40% in a FTSE Global All Cap (VRXXA), planning to rebalance towards bonds by 4% per year.
+
+However, on learning more (and watching the economy) over the last 6 months, my concern is that I have a very high exposure to bonds, when we are likely to be moving into a period of inflation & increasing interest rates (they can't exactly go down can they!), which I now understand to be a very poor climate for bond performance.
+
+As my goal is to moderate the volatility of my equities, I was considering moving my bonds into an inflation-linked bond fund (potentially with a shorter maturity then the  17.6 years of VIUKGO). But, I am conscious that this could be me trying to time the market rather than "set & forget" like I had planned to.
+
+Would "linkers" be a better asset for me to hold than nominal bonds, or should I consider a different asset class altogether?
+I need to admit this to someone or else I think it will drown me. 
+
+I have about £15,000 worth of debt. I have no savings. 
+
+I make good money (£50k+-ish). There is no reason for me to have this debt.
+
+A good portion of it came when I got divorce. But I have added to it over time. 
+
+The shame of it is killing me. I can't tell anyone. My partner knows I have debt (he also has debt) but I haven't told anyone else and I'm not sure he knows the full extent of it. There will be a bit of reprieve when I move in with my partner and my cost of living reduces by about £400 per month I can put towards paying it down. But that isn't until July. 
+
+I am ashamed of my "fair" credit score. I am ashamed I've worked hard my entire adult life and I'm still here. No savings. No house deposit. I owned a house with my ex but any profit from that was little and it went to servicing debts (he ran up debt without telling me and I was in such a rush to get the divorce over with I just split it with him).
+
+But I can't blame it all on him. I did some of it too. I just feel like such a failure and every time I try to tackle it I make things worse I think.
+
+And with inflation and house prices I feel like I'll never get out. 
+
+Can anyone share with me if they've been in this situation, what they did about it, and if they came out the other side? And, somewhat more importantly, how did you cope with the mental wellness side of it?
+I work for S&P Dow Jones Indices, calculators of the S&P 500, Dow Jones Industrial Average, and several other widely used benchmarks. I am in a middle management position overseeing a group of 5-10 analysts.
+
+My focus is primarily on global equity indices, index mathematics, and corporate action implementation.
+
+As previously stated, if anyone is interested, AMA!
+
+Edit: Thanks all for your thoughtful comments, I had fun. I'm headed out soon, any other questions feel free to post them and if I'm available I'll get back to you.
+I am getting out of rentals,  Two will sell for a nice profit, one is lingering not much more than i owe.   
+I have a stable tenant in the house.  They love it.   
+
+
+If i finance 20% would a bank give them a loan for the rest?  (assuming decent credit and stable income)   
+
+
+A monthly check for ten years or a lump sum if they refi, either would be fine with me.
+I'm looking at several markets right now and its amazing how fast the prices are jumping and have been for several years.  I keep reading how millenials are broke and covered in student loan debt, and that the US middle class is dying - so who is buying all these properties across the country?
+  
+
+Today we’re going to talk about float, what it is and how you can build billion-dollar companies with it. Float is the money that a business receives today but doesn’t have to pay out until sometime in the future. Float is most commonly seen in insurance companies with customers paying premiums upfront to insure themselves against bad things happening sometime in the future. More examples include: Video game publishers, where they receive pre-orders. Commercial banking when they receive deposits and so on. 
+
+Why is receiving money upfront so valuable even when it needs to be paid at later date? Well, you can invest it! And the longer you have to invest it, the more likely it will grow larger than the amount that you will have to eventually pay out! So, you can see how easily this can snowball. Say I owned a tiny insurance business that insured $1,000 worth of damages for a year in exchange for a $100 upfront payment. If I have $10,000 in the bank I can safely have say, five customers insured like this every year for $500. Every year I can invest the money I got from those new customers and every year the cash I have grows so I can safely insure more customers and the cash you have grows in an exponential manner. Ok cool got it. So, what does this have to do with Berkshire Hathaway?
+
+Sometime around the mid-1960s Mr. Buffett realized, with the help of his friend Charlie Munger, that he can’t keep investing in broken down businesses and had to instead look for “franchise” business that will continue to compound his hard earned capital through thick and thin. The next thing he realized is that he couldn’t just rely on the free cash flow generated from those company’s and had to instead find low cost financing for his acquisitions. That low cost financing came in the form of an insurance float which, as we’ve seen, are the premiums paid by insurance customers up front in order to be paid out by the insurance company later. Buffett bought a ton of these insurance companies starting with National Indemnity in 1967
+
+Wait, why did we just say that float is low cost financing? Why is it financing and what is the cost of that financing? Well, float is financing because you are receiving money today, but you have to pay it out sometime in the future, exactly like a loan. The beauty of float though is that you don’t have to pay interest on that money! The only “interest” that you have to pay on that money is the normal cost of operating your business.
+
+We’ve already seen why float would matter so much to Buffett, but it bears repeating.  A dollar you receive today is worth more than a dollar you get a week from now because you can invest it at some rate to receive more money in the future. Buffet realized that the more float he had, the more float he could invest to buy other businesses. Float would compound in lockstep with the free-cashflow generated by his other businesses and in time create a juggernaut.
+
+The final step in the Berkshire secret formula was increasing the duration of time between when the premiums are received and when they’re paid out. So, for Buffett, this meant buying up longer tailed insurance companies like insurance for catastrophes, and recently, Reinsurance companies.  And there you have it! This is the basic DNA of one the most successful stocks in over the past 50 years and they’re still going at it.
+Notice how nothing happened ? Yeah me too stop hyping dates and upvoting useless people to the front page. Not one of us here knows when anything is going to happen. Our closest and best bet is when we DRS the float and even then there is no clear and accurate number on how many are actually drsed since the release from GameStop themselves. 
+
+I honestly feel like every time someone hypes a date it’s literally to kill a drs movement every single time. 
+
+TA;DR -Whenever  someone hypes a date drs even harder! Not financial advice just a firm believer in DRSING
+
+You don’t have to drs but it would be a lot cooler if you did. Thanks
+
+Edit: y’all are ridiculous for the awards
+Why would I not max this out?  I understand that I-bonds exist to simply keep up with inflation and if the S&P moons I have missed out, but this kind of no risk return is not something I have come across in my short time investing.  The other side of the coin is the S&P could continue to struggle.
+
+Someone explain to me why I shouldn't throw my money at this.
+
+8.37% comes from 7.12% from the first 6 months and the calculated 9.62% for the second 6.
+It seems that so many people are firing because in the last 10 years, the stock market has been performing extremely well.
+
+What happens if the market tanks or is stagnant for 10 or 20 years (similar to what Japan experienced from 1990s to 2010s)?
+
+I know back-tests show that this will work itself out over 30-40 year timelines.  
+
+But, how do you stay disciplined when your hard earned money is tanking for 10 years in a row?
+
+And for those that already FIRE'd are there signs / certain limits that you set such that once those limits are reached, you would go back to work?  And wouldn't it be hard to find work when you are out of experience and older in a market down-turn?  
+
+I am excited about the FIRE movement, but my nervousness and paranoia always get the better of me.  Would love to hear people's thoughts on "Plan B" if VTSAX is not doing well for 10-20 year stints.
+
+Thanks!
+
+**EDIT**: I do want to point out that people are saying with a SWR of 3.5-4%, and using historical data, there's 95% success based on FIRECalc.  However, I noticed that "success" here just means having more than $0 before the end of your retirement period.  A good portion (maybe 10-15%) of the "success" lines will result in you having a fair bit less than your initial nest egg.  All I'm saying is that I would be pretty nervous about making any withdrawals if my nest egg dropped 20-30%, but according to FIRECalc, I should still be "fine".  
+
+So, at what % drop would you start working again?  If your nest egg dipped to 80%? 70%? 50%?  In those situations, you could still be "fine" according to the FIRECalc.
+Last week, for around an hour and a half, 1.7mil shares were borrowed, every 15 frickin minutes, at a 10% fee in order to suppress the share price of the investment I have scraped together funds to purchase. 
+
+Every day I watch more money than I will ever make, wasted, to keep the price of a share in a company's stock down. 
+
+How many hospitals could have been funded? How many schools? 
+
+We look at the ticker and cringe at how the price of our investment isn't reflective of its value, but I just see the waste. The waste of resources and the sheer amount of disregard for the suffering around us. Holy hell. How sick must one be to spend this kind of money, to hide crime, when children starve around them? 
+
+We are beyond a simple fine. The criminals who spend the kind of money we are seeing, to short GME and other stocks, should see life sentences for crimes against humanity. 
+
+I'm absolutely disgusted.
+**INTRODUCTION**
+
+Berkshire Hathaway is a conservatively-run, well-capitalized business, managed by one of the greatest CEOs of all time. It uses minimal leverage, operates across many recession-resilient industries, and has grown earnings 20% per year since 1999. Businesses like this rarely trade for less than 20x earnings. Berkshire Hathaway trades for 7x.
+
+While the company is best known for being a collection of “Warren Buffett’s stock picks”, it now derives a significant—and growing—portion of its value from another source: earnings from the company’s wholly-owned subsidiaries. We argue that this latter group—whose earnings exceed those of Amazon, Google, Netflix, Tesla, Twitter, and Uber; combined—is being under-appreciated by the market.
+
+**BUSINESS HISTORY**
+
+In 1964, Warren Buffett took control of a struggling New England textile manufacturer, named Berkshire Hathaway. Its net worth was $22m at the time. Fifty years and $411b later, Berkshire Hathaway is now the fourth largest company in the US, with a reach so wide it makes money nearly every time:
+
+* a plane is flown
+* a car is sold
+* a house is built 
+* goods are transported to/from the West Coast
+* an iPhone is purchased
+* a lightbulb goes on in Nevada
+* someone drinks a Coke
+* a french fry is dipped in ketchup
+* [and the guy at DQ does this](http://shenzhenphotos.com/images/20101213144523_upside%20down%20blizzard.jpg)
+
+So how did Buffett grow a modest textile company into a sprawling conglomerate—one that now owns dozens of operating companies and a stock portfolio worth $150b?  
+
+In the decades after taking control of Berkshire, Buffett steered the company through three major—and lucrative—shifts. He began in the late 1960s by acquiring insurance companies. Then he started using the insurance premiums generated by their operations to buy shares of publicly traded companies. Finally, in the 1990s, he began buying large businesses outright. 
+
+**Phase I**: Buying Insurance Companies to Generate Float
+
+The first step took place in 1967, when Berkshire purchased a small Nebraskan insurance company called National Indemnity for $8.6m. Buffett was drawn to characteristics unique to the insurance business: cash—in the form of premiums—is collected years before claims are paid out. In the meantime, the insurance company is free to invest it. This money is commonly referred to as “float”. Buffett explains further:
+
+> “Float is money we hold but don't own. In an insurance operation, float arises because premiums are received before losses are paid, an interval that sometimes extends over many years. During that time, the insurer invests the money. This pleasant activity typically carries with it a downside: The premiums that an insurer takes in usually do not cover the losses and expenses it eventually must pay. That leaves it running an ‘underwriting loss’, which is the cost of float. An insurance business has value if its cost of float over time is less than the cost the company would otherwise incur to obtain funds.”
+
+In other words: for most insurers, the combined cost of running their business and paying out claims usually exceeds the money they receive from premiums. Most insurers make up for these underwriting losses by profitably investing their float. If they just so happen to earn an underwriting profit—that is, if premiums ultimately exceed the cost of running the business plus the cost of claims—it’s simply a bonus. 
+
+Unlike most insurers, Berkshire consistently earns an underwriting profit. So not only does Berkshire get to invest the float, but it’s effectively paid to do so! Buffett says, “That’s like your taking out a loan and having the bank pay you interest.” 
+
+An insurer that consistently generates float and earns an underwriting profit is a great business. Still, Buffett saw more potential. Instead of investing the float in conservative and low-yielding bonds like a traditional insurance company does, Buffett took a new approach: he used the float to buy stock in other companies selling for reasonable prices.
+
+**Phase II**: Using Float to Buy Partial Ownership of Other Companies (i.e., Stocks)
+
+Throughout much of the 1970s and 1980s, Buffett used the proceeds from Berkshire’s insurance businesses to buy shares of a number of fantastic companies—such as Coca Cola, American Express, and The Washington Post—which were at the time selling for far less than their intrinsic values. By investing the borrowed money (i.e., float) that Berkshire was in effect being paid to hold, Buffett was able to lever his returns—earning Berkshire and its shareholders 20%+ per year. Even better, this leverage came from owned insurance operations rather than debt—which meant Berkshire reaped all the benefits of leverage without shouldering its traditional downside (such as interest expenses and an increase in risk).
+
+Until the early 1990s, Berkshire Hathaway was in essence a lightly-leveraged, publicly-traded stock portfolio, managed by an unusually prudent investor. But as Berkshire grew in size, it became increasingly difficult to find opportunities in publicly traded companies that were large enough to move the needle. So Buffett changed track for the third time: he began acquiring operating businesses outright.
+
+**Phase III**: Buying Full Ownership of Operating Businesses
+
+hough Buffett did buy a few operating businesses in the 1970s and 1980s, it wasn't until the 1990s that he started doing so in earnest. Present-day Berkshire fully owns dozens of businesses, including: GEICO, Burlington Northern Santa Fe Railroad, Dairy Queen, Benjamin Moore Paints, Clayton Homes, and ACME Brick. At first, the collective net worth of these businesses was dwarfed by Berkshire’s investment portfolio. And to this day it is the investment portfolio which remains the focus for most investors. But as Buffett continued to acquire simple, stable businesses that possessed what he deemed favorable long-term competitive advantages, their total value swelled. Today, they make up half of Berkshire’s intrinsic value.
+
+**PRESENT-DAY BUSINESS OVERVIEW**
+
+I. What is the Value of Berkshire’s Investment Portfolio (and Cash & Bonds)?
+
+Included in this half of Berkshire’s value are its cash, bonds, and 5%-15% partial ownership stakes in companies such as American Express, Kraft Heinz, Apple, Coca Cola, IBM, Bank of America, and many others. Valuing Berkshire’s investment portfolio is simple. Since “cash is cash”, and the market prices the stocks and bonds every day, one needs only to look up the price and the number of shares owned by Berkshire to get an approximation of their worth:
+
+[Chart](http://i.imgur.com/ayoXqDS.png)
+
+An investor can then apply a premium or a discount, based on whether current market prices are under or overvalued.  An argument could be made that Berkshire’s stock portfolio warrants a slight premium in light of Buffett’s investing prowess, but for simplicity’s sake we are assigning no premium, and assume the market is pricing each company correctly. 
+
+After summing up available cash, stocks, bonds, and preferred shares, we get $257b worth of investments.
+
+ |Book Value|Per B Share
+:--:|:--:|:--:                               
+Cash|$66.3b|$27
+Stocks|$120.5b|$49
+Bonds|$23.8b|$10
+Preferred/Warrants|$17.3b|$7
+Kraft Heinz|$29.6b|$12
+**Total**|**$257.5b**|**$105**
+
+On a per share basis, this totals $105, or 64% of Berkshire's current $163/share price. 
+
+II. What is the Value of Berkshire’s Operating Businesses?
+
+The rest of Berkshire’s value comes from its operating businesses. After backing out the $105/share of investments from Berkshire’s current share price ($163), the remainder—or $58/share—is what the market believes the operating businesses are worth. 
+
+[Chart](http://i.imgur.com/KdpdCHX.png)
+
+Since the true value of its investment portfolio is more or less determined by the market, the question of whether or not Berkshire is properly valued at $163/share comes down to this: is $58/share a fair price to pay for Berkshire’s operating businesses? Considering these companies earned $8.56/share (pre-tax) in 2016, we feel that paying $58/share for this group—or 7x earnings—is a bargain.
+
+Let’s break this down. Berkshire’s group of wholly-owned operating businesses has grown20%/yr for nearly two decades, earning $21b ($8.56/share) in 2016. Broadly speaking, its businesses fall into one of five segments: insurance; Berkshire Hathaway Energy (BHE); Burlington Northern Santa Fe Railroad (BNSF); Manufacturing, Services, & Retailing (MSR); and Finance & Financial Products. 
+
+[Berkshire Segment Subsidiaries](http://i.imgur.com/GArlySE.png)
+
+**1. Insurance**
+
+*2016 earnings: $2.1b (10 % of total)
+*Companies: GEICO, General Re, National Indemnity, etc. 
+
+Since the purchase of National Indemnity in 1967, Berkshire’s insurance operations have become the largest and most profitable in the world. They have delivered 14 consecutive years of underwriting profits—a feat unheard of in the industry. 
+
+Aside from unusually consistent earnings, the insurance group provides Berkshire with an even greater benefit discussed earlier: float. At year end 2016, the company’s float—money that Berkshire holds but does not own—stood at over $100b. This free financing is available to Berkshire to acquire more businesses across a range of industries.
+
+**2. Finance and Financial Products**
+
+* 2016 earnings: $2.1b (10% of total)
+* Companies: Clayton Homes, XTRA, Marmon, CORT
+
+This is Berkshire’s smallest group, made up of companies that specialize in mobile home manufacturing/financing, furniture rentals, and equipment leasing. 
+
+**3. Berkshire Hathaway Energy (BHE)**
+
+* 2016 earnings: $2.7b (13% of total)
+* Companies: NV Energy, MidAmerican Energy, PacifiCorp, etc. 
+
+Berkshire Hathaway Energy is a group of regulated utilities, renewable power sources, and gas pipelines operating in Nevada, Utah, Iowa, Oregon, Canada, and the United Kingdom. Regulators allow these monopolies to exist, in exchange for a limit on how much they can earn. Even with these limits in place, this group of companies provides predictable and recession-proof earnings, with the important added benefit of allowing Berkshire to defer billions of dollars in taxes because of their large capital expenditure needs. 
+
+**4. Burlington Northern Sante Fe Railroad (BNSF)**
+
+* 2016 earnings: $5.7b (27% of total)
+* Companies: Burlington Northern Santa Fe Railroad
+
+Railroads play a vital role within the US economy; they ship goods from point A to point B more efficiently and cheaply than all other forms of transport. And because railroads require massive amounts of capital, land, equipment, and government cooperation, these companies are virtually impossible to duplicate—making disruption by a new competitor extremely unlikely. 
+
+The railroad industry is made up of regional duopolies, with BNSF and Union Pacific controlling the western US. While their earnings are cyclical and highly dependent on the health of the national economy, their long-term returns will almost assuredly be above average. Since acquiring BNSF in 2010 for $30b, the company has already earned a total of $24b, and is now the second largest contributor to Berkshire’s operating profit. Like the BHE group, BNSF requires large amounts of capital investment every year to maintain the infrastructure. And just like BHE, these capital outlays can be used to defer taxes at the parent-level for decades to come. Being able to “pay today’s taxes tomorrow” is another nice little form of float; one that lets Berkshire profitably—and tax-efficiently—reinvest billions of dollars back into both segments. 
+
+Said more simply: owning utilities is not a way to get rich; it’s a way to stay rich. And Berkshire intends on staying rich.
+
+**5. Manufacturing, Services, and Retailing**
+
+* 2016 earnings: $8.5b (40% of total)
+* Companies: See’s Candy, Lubrizol, Dairy Queen, Marmon, The Pampered Chef, etc. 
+
+This segment drives the lion’s share of Berkshire’s operating earnings. It is an eclectic collection of businesses, selling everything from Dilly Bars to partial ownership of private jets. As a whole, the group earns very respectable returns on capital—with almost no use of financial leverage. Furniture, ice cream, airplane parts, and underwear may not be the most trendy businesses in the world, but they’re safe, stable, and profitable, with many earning 15%-20%/year. 
+
+Together, these five groups earned $21b last year for Berkshire, or $8.56/share.
+
+ |Pre-Tax Earnings|Per B Share
+:--:|:--:|:--:                               
+Underwriting|$2.1b|$0.86
+BHE|$2.7b|$1.10
+BNSF|$5.7b|$2.31
+MSR|$8.5b|$3.43
+Financial Products|$2.1b|$0.85
+**Total**|**$21.1b**|**$8.56**
+
+**Are Berkshire’s Operating Businesses Being Fairly Valued by the Market?**
+
+Back to the question: Is $58/share a fair price to pay for Berkshire’s operating businesses? 
+
+For $58/share, investors are getting $8.56 of earnings generated by a group of stable companies that: earn solid returns on capital; have been vetted by an investor widely recognized as the greatest of all time; have grown earnings at 20%/yr since 1999; are unlikely to be disrupted by technological advances; and have long-term competitive advantages. 
+
+A standalone company with similar characteristics would probably trade above $170/share. Yet Berkshire’s operating business group trades for only $58. Perhaps if Berkshire renamed this part of their business Berkshire Hathaway AI Biotech Cloud Data Inc., it would it start trading at a more appropriate level. To put this in perspective, let’s imagine that certain popular tech companies started trading at a similar multiple to Berkshire’s operating businesses. Google’s share price would be $245 (versus actual $823); Netflix’s would be $4.50 (versus actual $142); and Amazon’s would be $64 (versus actual $884).
+
+So how many times earnings should an investor be willing to pay for Berkshire’s operating businesses? Each of the five groups has different economic characteristics, so one could apply specific multiples to each (for example, 10x for insurance, 12x for BHE, 15x for BNSF, 15x for MSR, and 10x for Financial Products are probably appropriate). Doing so may yield a more precise (and probably higher) assessment of Berkshire's worth. But with either approach, the message is clear: the market is undervaluing Berkshire.  
+
+We apply a simple—and rather conservative—10x multiple to Berkshire’s group of operating businesses, which yields $85/share in value. When combined with its $105/share of stocks, bonds, and cash, this puts Berkshire’s intrinsic value at somewhere around $190/share—a 15% premium to today’s price.
+
+**Conclusion**
+
+50 years ago, Berkshire Hathaway was a struggling New England textile manufacturer. The business—which required a lot of capital, was barely profitable, and had no long-term competitive advantages—was not a good one. But Warren Buffett decided to buy it anyway, thinking the company’s assets (e.g., machines, factories, accounts receivable, etc.) were worth more than the price he could could pay for the entire business. After assuming control, business steadily deteriorated, and it became apparent the market had been right—Berkshire was a dud. 
+
+Half a century later, Berkshire Hathaway is far from a dud. In fact, it’s probably one of the best companies in the world. While the textile business is long gone, what remains is an investment portfolio worth $105/share, and a collection steadily growing, well managed, and very profitable businesses, that together earned $8.56/share in 2016. A company like that should trade for 20x earnings. Berkshire is available for 1/3rd that.
+Renting is such a waste of money I get depressed even thinking about it. I just calculated how much I spent on rent In the past seven years I lived on my own. I’ve spent over 100k in rent. If I had a house atleast I would have some equity to show but nope just threw 100 grand down the drain.
+In addition to the obvious benefits of having more resources to deal with life, there are some obvious downsides, as well. A whole lot of vices, wasteful habits, and such can be more easily fed when you have more money to do so. It's like getting your first job as a kid and suddenly realizing you can afford all the ice cream you ever wanted, except a whole lot more dangerous.
+
+What are traps you've fallen into where maybe you started to indulge, and it became a problem? More importantly, how did you extract yourself, or otherwise limit the damage? What are strategies you use to keep your habits mentally, physically, and spiritually (not talking about religion, per se) healthy?
+Currently in grad school, still have about 35K in a 529 account. How loosely defined are the rules in regards to what I can spend that money on? I know it's fairly loosely defined as some of my friends will buy things like alcohol at grocery stores or moped scooters to commute to/from school and those all count as eligible purchases. I also know that as long as anything is associated "directly with education" like rent/meal plans/ etc counts as well but I want to ensure that, if I do use this money for groceries, I am allowed to do so. Obviously I will consult with an expert on this matter as well.
+
+​
+
+Second question, can I save this money for my child without facing a tax penalty? If so, I am not going to rush to get "reimbursed" for everything at the moment but would rather love to start a fund for my future child (I am only 23). If I can save them the money without facing a tax penalty I would but I read online it gets a little weird when saving over multiple generations. Thank you all in advance!
+
+​
+
+To Recap:
+
+1) What counts as an eligible purchase? Not looking to buy a jet ski/alcohol or anything with the money although I do know people that have and cited "stress from school" as the reason. I'm looking to use it towards, what I think, are reasonable expenses
+
+2) Can I save this money for my child without fear of a tax penalty? My parents and grandparents funded mine in one name so if I were to save it, it would only be for one further generation. If so I will probably not spend it since 30K would be a great starting point since we all know college is either going to be free or cost one million dollars in 30 years.
+My family is in some financial trouble.
+Background: we purchased a home for 540k. In a great great area, prices are steadily rising. Currently owe 360k
+In 2017 we took out a Home equity line of credit for 75k to do a gut rehab of the kitchen and other home improvements. ( at the time we were expecting a 60k influx of cash in 2018, but that didn’t happen).
+Also, I’m a health professional who opened a practice. Huge financial investment which I know will pay off in the long term, but right now I bring home just enough to cover our mortgage, utilities, food, kid stuff ( we have 3).
+We are living beyond our means. We are always on time with out mortgage, but we can’t make a dent in our heloc, we have 8k in CC debt that we can’t pay, I’m falling behind on student loans, our credit scores suck and I can’t invest anything into my business cause with crappy credit you can’t get a business loan. I feel a crushing sense of dread. I think my house is probably worth $650k ( on the low end) now and I feel like our best option is to sell the house. Take any profits we have any pay off all debt and maybe buy some into my business and rent an apartment. My husband thinks that selling this house is crazy since it’s value will continue to rise, and that there are a lot of hidden costs that I’m not thinking. He doesn’t have an alternative plan to get out of this debt. I’m horrified and embarrassed to be in this situation, but I can’t see any way out. What would you do?
+My sister is expecting this summer. No kids of my own, nor do I foresee any within next 3 years. Would love to start some kind of savings or maybe a mutual fund account in the little one's name. (Maybe $100/month for now.)
+
+TIA!
+Before I start, I’m not a financial advisor! 
+
+
+So far in 2021, everyone has been crypto crazy, we’ve seen Bitcoin investment from hedge funds institutions and big companies like TESLA and MicroStategy, who predict crypto as the future of finance and see Bitcoin as an inflation hedge mainly because of its limited supply. Nevertheless, it’s quite obvious that Cryptocurrencies like Bitcoin are going to continue to go up in value. Now let me do the wonders of introducing **$BBKCF a company that’s involved in crypto, who I believe has an 1,000% upside potential.**
+
+
+BIGG Digital Assets Inc operates and invests in crypto businesses that support and enhance a compliant and regulated ecosystem. They currently have two main operating business, Netcoins and QLUE.
+
+
+**Netcoins**
+
+Netcoins is a crypto brokerage currently operating in Canada, their mission is to make it easy for anyone to buy and sell cryptocurrency. 
+
+As a trading brokerage, Netcoins profits from volatility, that’s what makes this company so interesting and lucrative to investors. On 23rd February 2021, Netcoins announced it exceeded $100,000 daily revenue. Then On 2nd March, Netcoins announced daily revenue grew 54% month over month in February 2021. It’s necessary to understand that volatility and the continued popularity rise in cryptocurrencies like Bitcoin and Etherum, will boost trading volume for Netcoins. Can you see now why is stock has so much potential!
+
+Most crypto stocks are Bitcoin miners, like RIOT, HVBTF and MARA; these stocks tend to correspond with the price of Bitcoin. When Bitcoin fell from $58,000 to $44,000 in February 2021, MARA was down 38% and RIOT was down 45%. But $BBKCF stock continued to show upwards trend, as its stock price doesn’t tend to follow the price of Bitcoin, unlike the rest of the Bitcoin mining stocks. 
+
+Also trading volume has increased nearly 3,000% year over year for Netcoins. Mark Binns the CEO, was pleased to announce that January 2021 trading volumes (purchase and sales of cryptocurrency) exceeded CAD $81 million. In addition monthly Active Users has grown by 41% MoM, which show Netcoins has continued to grow at an exceptionally fast pace.
+
+
+**QLUE**
+
+QLUE stands for Qualitative Law Enforcement Unified Edge, is built by BIG Blockchain Intelligence Group a subsidiary of BIGG Digital Assets. QLUE is used for Law Enforcement, the Financial Sector and Regulators to help visually track, trace and monitor illicit cryptocurrency activities involving Bitcoin (BTC) and many other cryptos. 
+
+They currently provide these services to institution, forensic services, law enforcement and government agencies. They currently have a 5 year contract with a US Federal Government Agency and in my judgement I think it’s only a matter of time until BIGG Digital Assets signs a contract with the US Government. 
+
+US Treasury Secretary Janet Yellen has voiced her concern for bitcoin, as she believes it’s an “extremely inefficient” way to conduct monetary transactions. Also stresses the importance of crypto regulations, making sure bitcoin is not used in illegal transactions. This is where I believe QLUE can solve this problem, QLUE enables investigators to quickly and visually “follow the virtual money” behind Bitcoin and Ethereum transactions. Which can help prevent money laundering, human trafficking, drug trafficking, and dark web purchases. Last year 2020, QLUE was pleased to announce that it had partnered with the International Association of Financial Crimes Investigators. I personally believe QLUE has potential to be the worlds biggest compliance for crypto. 
+
+
+**Catalyst**
+
+BIGG Digital Assets Inc has a number of positive catalyst ahead in the near future, including: 
+
+* The rise is Bitcoin price 
+
+* Geographic Expansion 
+
+* Coinbase IPO 
+
+* Demand for Crypto Intelligence 
+
+* Potential NASDAQ uplisting
+
+
+**Risk**
+
+Okay now let’s talk about the risk that comes with this stock. If Bitcoin crashed all the way back down to $3,000 like it did in 2018, Netcoins could see it’s monthly active users decline significantly. Also If geographic expansion takes too long, the price could start to consolidate for a while. Currently at the moment Netcoins is only available in Canada, although they plan to expand in the US very soon. 
+
+As you can see, the risk/reward is favourable and looks very promising. 
+
+
+**Competition**
+
+Now let’s take a look at Voyager Digital Ltd, a US Crypto brokerage that’s very similar to Netcoins. $VYGVF currently priced at $13.55 from an impressive 1,619% increase in 6months. This stock was trading at $0.71 during September 2020. 
+
+Now imagine, the price of $BBKCF when it’s app becomes available in the US. Now do you believe me when I said, I believe $BBKCF has a 1,000% potential upside.
+
+Plus BIGG Digital Assets Inc currently own 300 Bitcoin. 
+
+
+**TL; DR**
+
+Position: I currently hold 20,000 Shares at $0.42 I believe this stock has the potential to be $5-7 by the end of the 2021. With expansion to the US and continuation surge in crypto trading, $BBKCF price will soar into double digits, easily $15. This stock is another $VYGVF, and I’m not missing the out!
+What are your plays for the week? What you buying and selling? What were your best plays?
+
+Remember this is a community to learn.
+
+**Downvotes are discouraged**
+
+**Sort by New to find the best daily play**
+
+Add 🚀🚀🚀 if you serious
+I was just introduced to this company last week and love the idea of holding an AI investment in the digital/social space. I've done my own DD, but would love to hear others' takes on why they jumped in and what their short and long-term expectations are.
+Lil personal DD on CVX.V Cematrix Concrete
+
+CVX.V   71c   analyst price target at 1.23   a +73%
+● A market cap currently of 45 Mil  (I could see this tripling soon)
+● Backlog of +108 Mil
+● Awarded 30Mil contract in Dec '20
+● Bid pipeline exceeding $379 Mil
+● Operating margin of 25-30% 
+● Capacity could support $175 Mil annually (growth room)
+●+++++++ They have a strategic relationship with Lafarge, I'm sure you've heard of them ++++++
+
+
+GROWING  EPS BVPS CRPS respectively
+
+2016   -3c /  13c  /  3c
+
+2017   -3c /   10c  /  3c
+
+2018  -3c /    11c  /  3c
+
+2019  -1c  /   13c  /  5c
+
+Balane sheet Assets vs liabilities
+
+2016  3.00/3.15
+
+2017  7.58/6.53
+
+2018  15.68/22.60  
+
+2019  20.42/30.18
+
+Has a concervative PB of 5.43 
+
+Cellular concrete is 
++Greener
++Used in infrastructure everywhere
++Lightweight
++Self leveling
++Excellent freeze/thaw
+ectect.
+
+Cematrix aquired Pacific International Grout AND Mixonsite in 2019. You'll see those revenues start to really take effect in 2021. 
+
+The companies 2021 presentation below..
+http://www.cematrix.com/investors/presentations-and-webcasts/
+
+Do your own DD and GLTA
+Due to some bad characters trying to take advantage of WallStreetBets going private, we have decided to make it public again and clarify something very important: **r/WallStreetBets will NEVER, and has never, charge for access.** There are scammers going around Twitter and other platforms pretending to be moderators and asking for donations in order to gain access. Do not send money to these scammers.
+
+We have absolutely zero tolerance for scammers and people trying to exploit the subreddit. We care about our community and only want the best for you guys.
+
+During the process of going private and public, AutoModerator is not functioning as it used to. Please be patient while we work this out.
+
+We apologize for the inconvenience. Thank you for understanding.
+Hi everyone, Bob here.
+
+I'm sure you are all aware of the shenanigans the DTC is apparently pulling.  Even GameStop itself has released a statement on the topic:
+
+**EDIT: someone in the comments suggested that we do the data collection in a more transparent way than sending me direct messages. I believe this to be a fantastic idea and would love not support on this if we can do this together. A while back, I set up a sub called super stonker with the intent to copy all the DD over to it from SuperStonk for backup. I failed miserably in this endeavor due to coding issues, so we could use that sub for this and avoid forum sliding here. This would be a win-win, and it would be happy to add the mods of this sub to that sub for additional transparency and a show of good faith in this endeavor. What do you guys think? Is there a way to tag the mods on this to see if this is something they would be willing to allow here?**
+
+https://news.gamestop.com/stock-split
+
+I've seen lots of call to action posts over the last 24 hours and that's fucking awesome.  I even posted myself seeking answers from my broker, Fidelity.
+
+**SO HERE IS WHAT I WOULD LIKE FOR YOU GUYS TO DO**
+
+* Contact your broker or wherever you hold shares and asked them about the split processing.  Get confirmation and evidence of the method they deployed, and where the direction for that method came from.
+* DM me the result/evidence with the subject line: **{broker name} processed {method}**
+* Be sure to include the evidence you collected and any comments you have on the conversation.
+* There shouldn't be a need to provide any personally identifiable information or positions for this request, so please at the very least, sanitize the data you collect.
+* I have a programmatic way to process and collect this information, that's why I want the subjects to be formatted in a specific way.
+
+After I get enough information I will add the data to my repo and share with the world, as well as post here with a big thanks to all those submitting.  It is in my honest opinion that, with enough testimony and evidence we can force the hands of the powers that be to rectify this situation.  Thank you for your support in advance, and if you have any questions, please let me know how I can assist.
+
+Edit: I am aware of the event codes platinumsparkle posted, but I think it prudent to be thorough in our assessment of this issue, given all the conflicting information circulating right now.  This will either show fuckery or prove we just lost our minds for a moment, which everyone does on occasion.
+
+Also, for the completeness of data, could you folks please drop a comment with brokers you either know of or have an account with so I can generate a complete list to go off of.  The thought here is it looks like there may have been some brokers where the DTC processed the div split correctly while others did not.  This will provide firepower to the dataset and might give us some insights that could be useful moving forward.
+
+Thanks again, and please "Ask not what your company can do for you, but what you can do for your company" - @ryancohen
+CNN: https://www.cnn.com/2019/05/16/politics/donald-trump-financial-disclosure/index.html
+
+CNBC: https://www.cnbc.com/2019/05/16/read-president-donald-trumps-financial-disclosure-report.html
+
+Forbes: https://www.forbes.com/donald-trump/#4acd3f202899
+
+Bloomberg: https://www.cnbc.com/2019/05/16/read-president-donald-trumps-financial-disclosure-report.html
+
+2019 Financial Report: https://fm.cnbc.com/applications/cnbc.com/resources/editorialfiles/2019/05/16/TrumpDonaldAnnualcompressed.pdf
+Follow\-up to [https://www.reddit.com/r/financialindependence/comments/8q2cqw/goals\_are\_overrated\_systems\_are\_underappreciated/](https://www.reddit.com/r/financialindependence/comments/8q2cqw/goals_are_overrated_systems_are_underappreciated/):
+
+Those who have already achieved or are well on their way to achieving FI, what are your personal "systems"?  What are the results?
+I guess I should expand further. 
+
+What if half of America was divided as evenly and fairly as possible into a pure Democratic controlled country and a pure Republican controlled country? How would each of the economies differ?
+So I'm writing a novella: gold has been discovered on the moon and has flooded earth, so the value of gold comes down-- right. Now I also need the value of silver to go up and for it to become the new gold. Is it plausible to have people start to invest in it, making the value of it go up? I somehow need/want it to be linked to government issued pensions (I'm from the UK, does America have govt pensions? If not, ah well, it's set 300ish years into the future). I basically need elderly people to suddenly become super rich from the rise in silver....
+What are the essential math topics needed for the study of economics? And are there any good YouTube playlists, books, or courses/boot camps you could recommend? Thank you 
+I don’t even know if I’m in the right spot right now, I am actually extremely flustered and really not sure what to do. 
+
+Yesterday, I quit my job effective immediately after working there for 14 years. I was a full time worker & I was very good at my job. It was a very small family business where I was practically the only person who wasn’t family, but I felt like I was. We had all become very close over time, knew eachothers secrets & hung out occasionally. So you can probably imagine how I’m feeling. 
+
+My boss has been under some pretty extreme stress the last 12 months with family issues and I have done everything I could to be supportive. I worked 70-80 hour weeks so they could do what they needed, go on much needed holidays, etc. Yesterday I think everything must have come to a head. I was making fun of myself since I did something stupid the night before and he didn’t “get it”. I laughed when he didn’t & he started getting snappy, I told him I was joking about myself and there is no need to get defensive. He went bright red in the face, started wagging his finger in my face, yelling that if I plan on trying to make him look f***ing stupid, expecting f***ing retaliation. I told him to stop please, and he just got even angrier. So I had enough (he did this 6 months ago and I walked out for an hour and come back to apologise for walking out), when I said I am not dealing with this & going home, he said fine go. I said, I quit, and he said, good, bye, at least I don’t have to pay as much long service! He deleted me off social media etc. 
+
+I got in my car and cried. I called fair work and  wage inspectorate Victoria and I know my rights and the loss of a weeks wage for no notice but I am entitled to my leave. 
+
+My main question is, what do I do now? He’s been my employment for 14 years, he will give a bad reference for future jobs? How do I explain the breakdown to future jobs when they ask why I left? I know it’s bad taste to talk badly about a previous boss. Especially with the history of 14 years friendship. 
+
+Sorry for rambling. I’m just distraught.
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+This thread is for plans and thoughts prior to the market open period.
+
+Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+PayPal has just released Buy Now Pay Later. Are our Zip Afterpay and Sezzle tendies in danger? 
+
+This is a big player that works with a lot of retail sites already.
+A body called Chennai Financial Markets and Accountability (CFMA) has claimed  unitholders would lose as much as Rs16,000 crore out of their investment of Rs28,000 crore in the wound up Franklin mutual fund schemes. 
+
+What is the basis of this statement? Is it factually correct? 
+
+From my understanding, FT have mentioned time and again in emails that if the funds are wound up, then they can receive a significant portion of the capital back over the given timeframe i.e as and when the bonds mature. However if the funds are somehow not wound up, and open for public redemption again, then this will cause a "run" or stampede to redemption and they will have to sell the bonds at a steep discount just to honor the redemptions. 
+
+However this CFMA group are claiming all will lose 60% of their investments. There are quite a few articles about this claim, yet there are no actual calculations or any basis to show how they arrived in this figure. IIRC, FT has already received money from the bonds so far without any issues. Given recovery from Covid19 is in progress, other bonds can also be expected to pay as per schedule. 
+
+Can someone with knowledge please share their insights on this? Thanks 
+
+https://timesofindia.indiatimes.com/business/india-business/over-60-haircut-in-ftmf-shut-funds-is-black-swan-event-cfma/articleshow/80386363.cms
+
+
+http://cfma.in/ and link to actual [notice](http://cfma.in/mediareleases/CFMA-PR-on-FTMF.pdf)
+
+Also relevant: [Another report](http://cfma.in/research-report/Franklin-Templeton-Mutual-Fund-cannot-be-allowed-to-make-priority-repayment-to-bank-borrowings-from-cash-flow-received-after-closure-of-6-debt-schemes.pdf) by this same group makes a valid point, that if there are haircuts for unit holders, then even the banks which have lent to the FT funds must bear the proportional hit. Why are the lenders being paid of 100% but the unit holders left to bear all the damage? 
+
+PS: Invested in FT-UST, probably like many others too...
+Russia not throwing in the towl yet. Plans to do a substantial buy on the market (when it opens).
+
+"March 1 (Reuters) - The Russian government has ordered the finance ministry to channel up to 1 trillion roubles ($10.3 billion) from the National Wealth Fund to buy shares in Russian companies, a source close to the government told Reuters on Tuesday.
+
+($1 = 96.8050 roubles)"
+
+
+https://www.reuters.com/business/finance/russia-spend-up-10-bln-rainy-day-fund-buying-russian-shares-source-says-2022-03-01/
+When my kids (just turned 8 & almost 6) were about 1 year old each, we started 529 plans for them. We didn't always have a lot to put in, but we contributed to each one every month. 
+
+It's tax deductible in our state up to $4000 per beneficiary per year, but up until 2018 the limit was 2000. [EDIT: My number were off - We contributed about $1200 per kid for a couple years, had a couple bad years where it was less than 500, then the last 2 have been 2400]
+
+There have been times we were late on mortgage payments, or couldn't pay a credit card bill. Once we even had our gas turned off, and couldn't pay it for a couple days so we used space heaters. We've had to get creative with groceries to make food. We haven't been there for a couple years thankfully, but we never stopped contributing. [EDIT to clear up confusion- we contributed after the behind bills were paid, not instead of paying them! Just trying to illustrate we always contributed. I also realize this was a terrible decision and we should have focused on emergency fund / retirement first.]
+
+We constantly asked our family members to purchase fewer toys and contribute to the 529 instead. They never have - I don't know if they somehow think we'd have access to the money or if they want to be the "fun" grandparents/aunt/uncle whatever, but everything in there we've put in ourselves.
+
+Before our oldest hit 8, I took a look at it just to see. We have over $20,000 saved between the 2 of them! 
+
+Just start. The sooner the better. It doesn't have to be used for college specifically - any post secondary education, trade school, cosmetology, whatever! You can change the beneficiary once per year, do if they don't use it all you can use it on yourself or someone else. Worst case scenario, you pay taxes and 10% fee to just take out the cash - but that's waived if the beneficiary gets a full ride.
+
+There's almost no downside. Put in 20 bucks a month if that's all you can afford. You'll be happy you did.
+
+***Another edit: I get that this was the wrong way to go about it, and we are on the right track now re: emergency fund and retirement. But I am still excited about it***
+Hi All,
+
+Policy conversations seem to center around UBI for the entire population, but why not just focus on BI for those in the most need? Approximately 11% of Americans live below the federal poverty line.
+
+Interested to hear your thoughts. Thanks!
+I imagine many of us got derailed from our academic endeavors to go into industry. Personally, I never had the intention to stay in industry, I was originally planning on saving some money and going back to grad school.
+
+I'm sure it's very common for people who reach fatFIRE to be seeking fulfillment and challenge. Personally, I don't want to become an "investor" or CEO or any job which would truly move the needle financially... which makes me take a hard look at industry jobs for their fulfillment/engagement potential.
+
+All I know is that I really enjoyed school. I know the singer from the offspring went back and got a Ph.D... this has to be quite common. Has anyone done this? What do you think about the idea? Mid thirties, brain shrunk from working in industry, showing up for a Ph.D. program after 10+ years out of school.
+The good news: The Dow went up by 11.37% today, which is the fifth biggest percentage gain in its entire history.
+
+The bad news: The top four gains all came during the Dow plunge of 1929-1932 that carried us into the Depression, while the next two came during the 2008 meltdown.
+
+This is from Historian, Kevin Kruse. 
+
+
+This means that we are on track for an epic collapse soon. It is Puts time.
+We just had our final child, that makes a family of 5. We couldn't afford for me to stay home anymore so I needed to get a job. Now that I have said job, we lose Healthcare, Foodshare and don't qualify for Childcare Assistance. The worker said "congratulations on finding employment"..
+We make $50 too much per month (my income, his income and his VA Disability).
+That $50 that puts us at a livable wage in their books, but won't cover the Healthcare premium, Food to eat or care while we work. And that doesn't even weigh in Rent or Utilities.
+
+I have no idea how to feed my children.. I can get by without 3 meals a day, but they're 6 years, 1 year and 3 months old. Food pantries are great short-term but.. I don't know what to do. I make too much for help, but too little to live..
+Hello All,
+
+​
+
+I am overwhelmed with the holiday season. I have to plan my daughters' birthday party, buy Christmas for 2 kids, pay down on debt, and save money back for a car. I had two different emergencies that wiped my savings account completely out so I am trying to figure out how to crawl out of debt.
+
+​
+
+I have only $1,820 left in my savings account. I have a part-time job that pays $560 biweekly. I would appreciate any advice or suggestions for budgeting with this amount. Here is my current budget:
+
+​
+
+Student loan payment- $100 (due on Nov.15th)
+
+Car insurance- $200 (due Nov.15th)
+
+Car loan payment- $184 (due Dec. 1st)
+
+"Loan shark" payment  (an emergency loan)- $474
+
+Daughters' birthday party- I am hoping to spend $120 or less
+
+Debt- I have four credit card late payments I need to pay off (altogether it would be $600 in late payments alone)
+
+Water bill- $300
+
+Electric bill- $260
+
+Heating bill- $40
+
+Christmas- I am hoping to spend $200 or less on the kids. I may spend $100 on the adults in my life (friends, relatives, etc.) if I have anything left over from my overall budget.
+
+Groceries- This varies depending on local sales, but we average about $250 on groceries between each paycheck
+
+​
+
+​
+
+Thank you for reading, I know this is a lot.
+We’ve elected to start school online this fall and I want to add some items to my daughter’s curriculum that she wouldn’t get in school. 
+
+I’d like to teach her how to budget her money. I plan to start giving her an allowance of $100/ month. 
+
+I’m looking for some creative ideas of how she should allocate that money as though she were an adult with a household to manage. 
+
+I have my own ideas, but I’d to hear other ideas or whether someone has done something similar. 
+
+Thanks in advance for any suggestions.
+We see a lot of posts here about people making $500k or more.\*  I wanted to present a little of my own journey for those of you who are on the journey to Fat with a more common salary and situation. Yes, I know $200k+ is not "common" household income, but it is relative to the fat fire crowd.
+
+tl;dr - our story of getting FAT slowly on $225,000 income living in the midwest
+
+I am posting to show others that by compromising on one or two FAT luxuries at a young age when our friends also don't have many of those things (high end cars, a boat, living through/performing labor on a renovation, not living on the coasts) we live a life that is envious to our friends in similar income ranges/careers on the coasts due to significantly lower cost of living, and we will probably finish way ahead of them and much earlier. Those friends love coming to visit, eating out at nice restaurants, going to professional sporting events, and big name concerts for a fraction of the cost of comparable experiences where they live.
+
+**Here are my stats:**
+
+* Married, no kids (yet, but soon), age 30's
+* $350,000 in income producing real estate equity (2 properties I redeveloped - value add commercial) - the cash spat off of this is used to buy the next deal, etc. so not included in income
+* $350,000 in taxable brokerage
+* $200,000 in various retirement accounts
+* My salary: $165,000, goes up about 15% per year usually to retain me, have been named successor to the CEO who is preparing for retirement in about 5 years, not totally counting these chickens though
+* Wife's salary $60,000 not likely to rise beyond inflation
+* Wife will get a pension of approximately $20,000 at 59.5, has no desire to retire early
+* Debt: about $30,000 low interest student loans paying off in couple years, 15k car loans very low interest, and $180,000 mortgage. Total debt each month is about $2,200
+
+**Savings -** After tax, we save about $70,000 per year currently (effectively spending $80,000 a year currently). There will be some lumpy big additions over time as we refinance the commercial properties to take equity out an reinvest.
+
+**Our situation:** We live in the midwest rather than on the coasts - Think Indianapolis, Cleveland, Cincinnati, Madison, Milwaukee, Pittsburgh, St Louis, Minneapolis, Louisville type of city. This keeps our costs way down - I own a house in a downtown neighborhood I was able to purchase not long after graduate school, managed the renovation myself, and live in what is now a pretty high end historic neighborhood I basically bought the worst house on our block and fixed it up. I probably have about $250k in total in renovations and acquisition in the home, which is now worth about twice that. I could probably make about $50-75k a year more on the coasts, with a slightly higher bonus, but the cost of living doesn't make it worth it, and I wouldn't get the leadership opportunities at my age I have gotten at a small shop in the midwest. I also really don't enjoy New York and San Francisco, if I am being honest.
+
+We drive new but reasonable  cars (with very low interest loans or pay cash) since it is easier to walk or uber than drive ourselves most places, plus we just aren't car people. We spend most of our money on travel, food, and good seats to concerts. A super nice meal here is about $150 per person, and compares to much more expensive tabs I have had at coastal and abroad high end meals. Most of our friends are pretty fiscally responsible, and we don't feel a need to splash cash like we do when visiting college friends on the coasts. People are reasonable here.
+
+***Essentially, cost of living is super cheap, so it allows us to supercharge our savings, while not really sacrificing our quality of life a great deal.*** The biggest downside is that we usually have to connect to fly abroad as there are only a few international directs from our airport. I can deal with that. We have high quality museums and arts due to old industrial families endowing them, plus several pretty good universities, professional and minor league sports, and some big name employers.
+
+**Kids** \- We don't have any yet, but one or two are likely in the next 3 years. We anticipate dealing with this increase in expenses with my increase in compensation when/if I take over the company, but if that doesn't happen, we will just reduce our savings and retire later or reduce our target spend. Frankly, the nut we have saved now provides us the bulk of the asset growth, more so than the savings anyway.
+
+**FatFIRE -** We are doing FIRE the old fashioned way - getting rich slowly. Our plan is to retire in our 50's with around $5mm as our target, and will get rid of the real estate at that time to go to a hassle free portfolio. This also coincides with our house being paid off, and any children we may have entering adulthood. It is likely that we will hit that number sooner if my real estate plays continue to return well, or my income goes up.
+
+*Other notes/the risks I took before people ask:*
+
+*How did we save so much early?* Took out loans to pay for college and grad school, used my income and scholarships to invest during the great recession. Loans were around 3% interest, bought battered stocks when they were dirt cheap that popped, eventually went to three fund portfolio and rode it up. Wife and I are both savers (she started saving for retirement in highschool) and lived like we were still in college. She didn't have student loan debt which helped her save a lot pre-marriage as well. The lesson here is start early, and help your children start early if you can.
+
+*How did I afford commercial real estate?* I refinanced my house to take equity out after some renovations and have been very selective buying distressed properties, and built relationships with cheap contractors that put guys on my jobs in downtime, sacrificing speed for cost. Was able to market the properties while under construction, and fortunately leases came soon after.
+
+*How did I get such a good deal on my house?* I made a low ball offer on an home that was in an estate and on the market for years (like 50% of ask) asked my realtor to check in with the seller every few weeks. After 3 months they accepted. Right place, right time. Low rates have also helped with my real estate plays.
+
+*Why save so much if we live on a lower amount now*? I grew up in a family that did not have much, but got merit scholarships to a good private school ( for context - I was one of only a few kids who used lunch "tickets" instead of paying cash - free and reduced lunch program). I saw the advantages and security that wealth provided the families around me - very few divorces while I had a single mom, better health while my relatives were seemingly constantly injured on blue collar jobs, tutoring and educational experiences that helped prepare them for college and careers, and other simple stresses like not having to worry about their car breaking down on the way to homecoming like mine did. My wife grew up in a  stealth high wealth family and wasn't accustomed to the stresses I experienced - when we really started discussing our upbringing it was sort of a privilege awakening for her that also got her on board the FI train. We want first to be very secure, then second, increase our spending over time to be able to travel more richly, maybe get nicer cars, and do more "wealthy" things, hence the goal of a $175k spent on a 3.5% withdrawal.
+
+​
+
+\*Edited to remove a statement that was unintentionally shitting on high earners, and was distracting from the point of the post.
+*“Behind every great fortune there is a crime” – Balzac*
+
+This post is the collective narrative behind the plays on GME by large institutions.  This will be a multi-part DD post gathered from excellent insights on this sub.  As there have been no open confessions of these activities by the perpetrators (a la Bernie Madoff), or books that have yet been written, this will only exist as a **theory** with pieces of evidence to support where we can.  It is designed to be high-level, approachable, supported by available sources where possible, and represent key players and interests as it relates to the events surrounding GME.  It is incomplete.  Where information cannot be confirmed, it will be marked as rumor or speculation and should be treated as such, but it should not be a rabbit-hole.  It will be ongoing and require updating as well as contributions from you, outlined below:
+
+* \[] - request for link to relevant DD (DD posts or legitimate sources)
+* /e?/ - expert insight requested (e.g. legal review – I’ll try to call out specific users that are known for their specialties on this sub)
+* /R/ - further research requested
+
+(Setting expectations for the veteran readers of r/GME and r/SuperStonk: you will already be familiar with many of the terms, events, and points described in this first post.  However, even if it is already familiar to you, I hope this post will still be a valuable summary and an easy introduction for anyone who wants to know more about the stock.  Please feel free to contribute sources you might see are missing)
+
+***
+# Part 1: The Crime of Citadel
+
+$GME
+
+The current price of GameStop stock is artificial.  In simpler terms, the price of $GME is **not** determined by normal market dynamics - supply and demand.  This is because Citadel and others have been illegally manufacturing fraudulent shares of GME, abusing their special designation as Market Maker to profit their firms.  The more straightforward term for their activity is *share counterfeiting*.  Citadel & others have been counterfeiting shares of GME, profiting from non-existent shares, dumping fraudulent stock to lower the price, and abusing system lapses to hide their activities.  Their scheme that has grown wildly out of hand and now threatens to wipe out many more firms in the market due to their risky behaviors.  
+  
+#An overview of the mechanics of this scheme:
+  
+**FTD** (for **F**ailure **T**o **D**eliver) – a key term to understand
+   
+1. FTD is a standardized term for a delay in delivering a share that’s been purchased.   *In the context of Citadel, an FTD represents a counterfeit share.*
+* In the US market, a share can be sold regardless of whether or not it actually exists.  The financial system accepts the transaction at face value so that the buyer can continue trading.
+* The delay in delivering a share is meant to be temporary...
+* ...but for Citadel’s case, they never had the share they sold; they abused their position to “sell” something they didn’t have.
+* Outright share counterfeiting is highly illegal, and one of the financial crimes that [carries prison sentences](https://www.criminaldefenselawyer.com/crime-penalties/federal/Securities-Fraud.htm)
+* For Citadel to perpetrate this crime, they needed to hide it among their transactions and appear legitimate (FTD’s can be legitimate, and enforcement is subjective  “[*...will depend on the facts and circumstances of the particular activity*](https://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm)”)
+
+  
+#Citadel’s Scheme, Part 1: Create a Share, Legitimately
+  
+1. [Citadel](https://en.wikipedia.org/wiki/Citadel_LLC)’s activities are recognized as a [“bona-fide” Market Maker](https://www.mmlawus.com/newsitem/alerts/larry-bergmann-addresses-regulation-sho-and-bona-fide-market-making/), an industry designation which allows them special authorities and responsibilities.
+* One of their special authorities is to “create” shares in the marketplace as part of their role of providing liquidity.  (“Liquidity” is finance speak for – “keeping the shelves full with the stocks people want”)
+* Citadel is allowed to execute transactions without owning the share – i.e. Market Makers can temporarily “create” a share from nothing – with the understanding that it is illegal to manufacture shares for their own profit.
+* This “temporarily created share” is recorded as a “short”: designed to be sold to the marketplace then bought back within a brief period of time, to prevent an enduring non-existent share in the marketplace.
+* “Shorting” is also a common practice of borrowing a share from someone else’s account.  The borrowed share is sold into the marketplace, and ideally bought back at a lower price and returned to the account (many financial companies do this legally, Citadel included).
+* Both traditional shorting and “bona-fide” market maker shorting creates a “legitimate” non-existent share – temporarily.  Again, the non-existent share is meant to be a placeholder until a real share is delivered.
+* If the share is out in the marketplace long enough without being repurchased, the share is flagged as an FTD – failure to deliver – since there was no *actual* share delivered.  If it is never reconciled, it becomes counterfeit.
+
+#Citadel’s Scheme, Part 2: It’s Only Illegal If You Get Caught
+
+1. The process of determining an FTD is technically complex.  There are regulations for the amount of days which need to pass [before a share is declared an FTD](https://www.sec.gov/investor/pubs/regsho.htm).
+* Additionally, *AFTER* a share is delcared an FTD, there are additional times allowed for counterfeit shares to to be rebought, with even more time allotted for Market Makers to do so.
+* But once the allotted time passes and the delivery is still failed, the party at fault is subject to enforcement measures.
+* The enforcement measures are weak – [small fines levvied far after the violation](https://financefeeds.com/citadel-securities-fined-275k-reporting-violations-700k-fine-2020/) (generally for less than the profit made from the activities)...
+* ...and it is difficult to track.  Individual shares may trade dozens or hundreds of times per day, and there is no way to follow the path – or origin – of each individual share.
+* So the “counterfeit” share is logged against the overall pool of shares, not knowing which particular one is non-existent.  But the contracts for the sale remains on the books of the parties involved.
+* And while enforcement agencies are not interested in small volumes of counterfeit shares or low cost shares, Citadel has been manufacturing millions of fraduluent shares at a price of hundreds of dollars each, getting away with it under the guise of “bona-fide” Market Maker activities that have yet to be settled.
+* However,  any company with a “short” position on their books will retain the debt of the counterfeit share for the duration it is on the market…
+  
+#Citadel’s Scheme, Part 3: Take the Money...
+
+1. Once the counterfeit share is sold and becomes an FTD, there are several options for addressing the FTD.
+* Buying a share in the marketplace is the primary way of closing out an FTD.  This also closes out the “short” position that is on the seller’s books.
+* A second way to close an FTD is when the price of the stock goes to $0, and the stock gets de-listed.  This voids *all* of that company’s stock, including the fraudulent shares. []  The FTD problem simply goes away with all of the other stock.
+* **For a party engaged in the criminal act of counterfeiting shares, their main interest is in avoiding consequences of FTDs - not getting caught.  They intend to sell shares they never have and never pay for them.**
+* Paying for shares from the marketplace is undesirable to Citadel, not only because it increases costs (“the cost of legitimacy”), but also because the price of shares could go up and make the transaction a loss.
+* Flooding the market with shares also has the added effect of dropping the price of the stock, because the market is overwhelmed with supply...
+* ...and if the price goes so low that the stock gets de-listed, the “debt” of the shares on the seller’s books becomes a writeoff, which they will enjoy a tax benefit from [].
+* **So bankrupting copmanies is the most desirable outcome from share counterfeiters.**  The targeted company is an unfortunate casualty, chosen for its ability to be shorted into bankruptcy.
+* **This is the first part of Citadel’s scheme: target a company, flood the market with counterfeit shares, drop the price of the stock to $0, walk away with the profits from the counterfeit shares, and enjoy the tax writeoff.**
+* Note: Short positions are not publicly disclosed, and a company’s banruptcy closes all positions, so tracing these activities to Citadel is extremely difficult.  These activites can happen entirely behind closed doors and leave little evidence in the public marketplace.  That is what this sub has been working with: trace evidence of counterfeiting activities in the marketplace.
+ 
+#Citadel’s Scheme, Part 4: …and Run
+
+1. Profitably closing an FTD (either via bankrupcy or repurchase) requires one thing: **the price of the target stock to go down.**
+* In this case, **the $GME stock price went up** during their scheme.
+* This caused Citadel to find an alternative to closing the FTDs.  So perhaps as a temporary stop-gap, or perhaps as a last resort, Citadel chose to **perpetuate FTDs without closing them** - they would keep the FTDs ongoing as long as they could, never getting caught, until circumstances let them exit their position.  Hiding until they escape.
+* Since FTDs are reported by *time*, Citadel figured they could reset the “timer” to avoid getting caught (very similar to floating credit card payments).  They could do this two ways:
+* First, they could short the traditional way – borrow or acquire a batch of the shares from an exchange or *dark pool* (an off-exchange trading room), and then turn around and close their FTDs.  Those new shorts would later become new FTDs, but it would give them a few days.
+* Second, they could counterfeit additional shares.   While it is uncertain if it was possible for Citadel to use counterfeit shares to close out FTDs [], their releasing more counterfeited shares into the marketplace let them easily borrow or buy the shares back, then turn around and close out the FTDs.  Again, shorting gives a few more days until thes counterfeit shares became FTDs.
+* Citadel could reset FTDs like this continuously, never running into the enforcement limits without being able to reset the FTD timer again.
+* This would also keep the marketplace full of shares - normally a desirable outcome.  But in the interest of their counterfeiting scheme, keeping an abundant supply of shares in the marketplace also keeps the stock price low, the availability of additional borrows high, and the interest on the borrowed shares low. 
+* And if Citadel was worried about availability, they could also re-borrow the share they just sold (i.e. borrow from A, sell to C, then borrow the same share from C – a process known as “rehypothecation”) – a legal practice.
+
+#Citadel’s Scheme, Part 5: But at what cost?
+
+1. The cost of resetting the FTD timetable – “kicking it down the road” – is twofold:
+* First, there is a daily interest paid on every shorted share Citadel has.  The interest rate is decided by the lending organization, and is related to the price and availability of the share to be borrowed. []
+* Second, for every short Citadel left open, the debt of that share remains on their books.  As Citadel shorts more shares and as the price of the shares went up, their overall debt increases.  If the debt gets too large, Citadel would potentially be “margin called” – their debtors would force Citadel to pay up. [courtesy: u/atobitt - [Image of Citadel's 2020 "securities sold but not yet purchased"](https://preview.redd.it/83uepbgudqm61.png?width=829&format=png&auto=webp&s=7c8b1f1475be0cf61d55f87e29fd282c45833b3c)]
+* It is unknown when or how large their debt must be before Citadel is margin called.[]
+* Additionally, due to Citadel’s activities it is difficult to know what a *legitimate* short term debt is on their books, from their legitimate activities, or what a fraudulent debt is from their counterfeiting activities.
+* But by using a legitimate function to hide their scheme, they can achieve the illegal results – selling shares which they don’t have and never intend to deliver.
+* Citadel’s activities also pose an extreme cost to the system.  Fraudulent shares circulating in the marketplace means investors may become unsure that their shares are legitimate.  Or investors may become unsure that the price of the stock is a reflection of legitimate supply and demand, but is instead artificial – lowered because of a surplus of fake shares.
+
+***
+Addtional reading: u/atobitt 's - ["Citadel has no clothes"](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/)  
+u/canhazreddit 's - ["It's painfully obvious that when GME has a ton of FTDS, they're immediately reversing them with their hedgefuckery."](https://www.reddit.com/r/GME/comments/mijfq9/its_painfully_obvious_that_when_gme_has_a_ton_of/)
+***
+**TL; DR & Summary:**
+Citadel has been perpetrating a crime – illegally counterfeiting shares into the marketplace in order to profit.  They are selling shares they don’t have and never intended to deliver.  Citadel has been using their designation as a Market Maker to cover their activities as well as continue to counterfeit shares.  This poses an increasing risk to their own business and moreso the overall market.
+
+Edit: u/Vipper_of_Vip99 smartly recommended updating the bullets to numbers.
+
+***
+Final note: here is an excerpt on Bernie Madoff from the [Madoff Investment Scandal wiki](https://en.wikipedia.org/wiki/Madoff_investment_scandal): 
+>At one point, Madoff Securities was the largest buying-and-selling "market maker" at the NASDAQ.
+> 
+> In 1992, The Wall Street Journal described him: 
+>
+>*... one of the masters of the off-exchange "third market" and the bane of the New York Stock Exchange. He has built a highly profitable securities firm, Bernard L. Madoff Investment Securities, which siphons a huge volume of stock trades away from the Big Board. The $740 million average daily volume of trades executed electronically by the Madoff firm off the exchange equals 9% of the New York exchange's. Mr. Madoff's firm can execute trades so quickly and cheaply that it actually pays other brokerage firms a penny a share to execute their customers' orders,
+    — Randall Smith, Wall Street Journal*
+
+And here is an excerpt from [Citadel's wiki](https://en.wikipedia.org/wiki/Citadel_LLC#Citadel_Securities):
+>Citadel Securities automation has resulted in more reliable trading at lower costs and with tighter spreads. [...] Citadel Securities is the largest market maker in options in the U.S., executing about 25 percent of U.S.-listed equity options volume. According to the Wall Street Journal, about one-third of stock orders from individual investors is completed through Citadel, which accounts for about 10% of the firm's revenue. Citadel Securities also executes about 13 percent of U.S. consolidated volume in equities and 28 percent of U.S. retail equities volume.
+Hello all ! I know that in this group, we mostly concentrate on Equity investments. But I would like to know if any of us have invested in other avenues apart from Equity and debt. Did you succeed ? If not, then what happened ?
+There are more interest hikes coming, and inflation is the number one concern of the Bank of Canada. That much I understand. But if a recession is all but guaranteed, can interest rates go higher AND stay there for a few years? I thought that rate cuts were the ammo that central banks used to fight recessions. Or if both options are bad, is that what stagflation means? (I'm hazy on that one.)
+
+On a micro level, I'm wondering about renewing a mortgage right now at fixed vs variable. Variable could swing higher for a couple of years (that's just me guessing based on what I read here), but isn't it usually a better option over the course of five years? If you weren't in a dire situation, would you lock in or go variable?
+SPY 3/25 $232p
+
+Fuck this new baby, he needs his goddamn ass pissing hair back! Just because we have 935994827663 new users that only comment asking what to buy/if they should sell doesn't mean we have to make them COMFORTABLE by changing the WSB baby to LOOK LIKE THEM! Go ahead, ban me.
+
+
+
+P.S. - u/stormwillpass I <3 u bb plz respond
+I work upwards of 70 hours a week, but I get to choose my own hours really. This allows me to Day/Swing trade on "hot hours". I've spent the last 6 months studying and paper trading.
+
+I'm planning on putting anywhere between $2k to $5k into an account and I want to know on how long it took you guys to achieve a $25k dollar account?
+
+I gross upwards of $12k to $15k dollars a month depending on how much I work. My expenses are about 80% of that leaving me with $1000 to $2000 a month to play with. Not including what goes into savings.
+With crazy valuations on MFs, I’ve seen increasingly unrealistic underwriting from brokers over the last couple years. My suspicion is that most of these properties operate in the red unless they are self managed for free.  
+
+What has your experience been relative to initial or broker underwriting?
+
+Also, congrats on the continued appreciation, I’m sure the asset is worth more now.
+
+EDIT: On larger properties (100+) underwriting seem to be more realistic (ish), I'm thinking more about the 4-12 units in high growth cities.  Those don't seem to make any sense whatsoever.
+Evening/Morning,
+
+After months of discussion, the mod team has decided to ban u/gherkinit from r/Superstonk for breaking [Reddit Site Rule 2](https://www.redditinc.com/policies/content-policy).
+
+​
+
+>*Abide by community rules. Post authentic content into communities where you have a personal interest, and do not cheat or engage in content manipulation (including* [*spamming*](https://www.reddithelp.com/en/categories/rules-reporting/account-and-community-restrictions/what-constitutes-spam-am-i-spammer)*,* [*vote manipulation*](https://www.reddithelp.com/hc/en-us/articles/360043066412)*, ban evasion, or subscriber fraud) or otherwise interfere with or disrupt Reddit communities.*
+
+# Ban Reasoning
+
+**Reddit Rule 2 - Vote Manipulation**
+
+The use of @ everyone pings (For non-discord users, When you send a message with ‘@everyone’, all the members of the channel get notified, regardless of whether they are currently online on the server or not.) while linking to his posts (and profile) within his discord causes inorganic growth in posts.
+
+I’ll be the first to say that I've also done that – shared DD in servers and reddit chats (minus the@ everyone pings), to gain traction so my effort did not die in rising – as do many many others in various Reddit chats and servers.
+
+The main difference between these two actions is the subject of focus and the audience. u/gherkinit has built a community of his own totalling 7,600 members who are there purely for him and his content, so understandably if he links one of his posts with an @ everyone ping, that has a much larger marginal effect on upvotes than me or someone else posting a link in a server/chat.
+
+We initially reached out to u/gherkinit regarding vote manipulation and brigading concerns (as it breaks Reddit rules) derived from his discord server. He agreed to stop posting daily TA links in his discord to prevent vote manipulation (There’s rumor in his community/the sub he reached out first, this is not true, to make things clear).
+
+After this agreement he began @ everyone pinging links to his profile instead for daily TA, however, he only posts on Superstonk - so it by-passes the verbal agreement in a rather tongue in cheek way that still results in vote manipulation.
+
+The core issue the ban is based on is this avoidance, maliciously complying, but still breaking Reddit rules of vote manipulation due to the above.
+
+​
+
+[Example #1 of profile links for his daily TA.](https://preview.redd.it/0scjy7xuo2k81.png?width=1246&format=png&auto=webp&s=77b6136bc511f144a76140d216b5f11be1307a2b)
+
+​
+
+[Example #2 of profile links for his daily TA.](https://preview.redd.it/n0y3zooxo2k81.png?width=1244&format=png&auto=webp&s=050fda5ec1208d72b089ebb53641e607fb014182)
+
+**Reddit Rule 2- Disrupting the Community**
+
+u/gherkinit is one person, he has built a large community and has chosen moderators to manage his community.
+
+We’ve seen very obvious examples of intent/support regarding vote manipulation and brigading from mods and users alike in his server, which disrupt our community.
+
+​
+
+[Example of the communities culture when it comes to upvote manipulation and brigading](https://preview.redd.it/o9zlytg4v2k81.png?width=1074&format=png&auto=webp&s=bc4694dd2184f6b3992a3f5bab6853c5de353c3f)
+
+u/gherkinit tends to avoid fanning these flames, which is great - but there is an implicitness in his non-action to manage his mods/users attitudes, which influences a communities’ culture. One that has the culture of brigading and vote manipulation against opinions that do not align with their own.
+
+This leads me to the below. There’s clearly an incentive on the table to not calm the flames and better manage his community's culture of vote manipulation and brigading. **No one should (and will not, going forward) implicitly or explicitly benefit from division in this sub.**
+
+​
+
+https://preview.redd.it/v164ix9jp2k81.png?width=1419&format=png&auto=webp&s=923cfd7dbf2a7c5ffc99e0f7778e8a71ccc99e68
+
+**Toxicity towards** u/gherkinit\*\*’s Community\*\*
+
+There has been a demonstrable amount of toxicity in the comment sections of u/gherkinit’s posts (among other posts as well), typically between his fans and his detractors.
+
+We’d be nearsighted not to acknowledge this toxicity towards his community. We tried to give breathing room to both “sides” to vent, hoping it’d chill out - but that did not eventuate and it’s grown to become more toxic the past two months.
+
+The moderation team will be expanding to manage this and take a harsher lens towards toxic discourse and apply temporary and/or permanent bans if people cannot engage in healthy discourse (you can disagree with people and not be a cunt, y’know?).
+
+# Ending Notes
+
+Given his discord’s community size is over 7,600 , we very much expect mass brigading and vote manipulation in the short term from their discord, especially over the next few days given there is no risk anymore regarding u/gherkinit as he’s now been banned.
+
+Please keep this in mind while spending time on the sub over the coming days. We’ll of course allow posts to share thoughts and opinions on the matter (as this is part of our sub culture), but we won’t let it clog up hot or rising feeds.
+
+I also want to be clear, this is not about options and the DRS, as “pro-options and anti-DRS” tend to be synonymous with u/gherkinit. As a mod team, we aim to remain as impartial as possible (yes, there have been examples of mod bias in the past and they have been addressed) - everyone has different opinions on the matter, you do you. I hope the discourse continues on these topics, noting that, as I said above, we’ll be taking a harsher lens towards toxic interactions on these topics.
+
+Reports are the main thing we work off as a mod team, so report comments that are toxic (People tend not to report comments and only posts), regardless of content so we can review.
+
+Edit: Updated a screenshot, mislabeled users and mods.
+so i made 8k on a friends investment for me. he lent me money.
+
+how do we handle the taxes?  it's an individual account. these are short term trades. edit usa. 
+
+btw i use a cpa normally.  
+I enjoy perusing this sub, it's a rollercoaster of gold nuggets of advice and insight, turds, raging about house prices (and the flipping between bears and bulls), ETF yakkety sax, and great chats. I am glad I entered the property market a while back!
+
+I like coming here, I feel folks are quite open, and I enjoy trying to give back and help people learn from my own successes and pitfalls in property and career.
+
+Thanks lads and lasses, I appreciate the discussion and content here.
+**EDIT 2: I'll be posting a follow up thread soon in about a day or so! Right now I'm currently still at my friend's place up until the day after tomorrow so I'm okay as far as shelter goes for the next few days! As far as what my game plan goes I'm still carefully considering the options and what's best for me in the long run for whatever it is I may decide. Seriously though, everyone has been such a big help with your great advice and encouragement! I can't thank you guys enough. I want to make it clear to everyone that I understand how important careful planning and personal finance is to me now and that is a thing that I cannot take for granted EVER. Thanks for all the support, guys!**
+
+**Also, a lot of you guys wanted my paypal and venmo information so here it is:** 
+
+**Paypal: dragonnguyen@mail.com**
+
+**Venmo: @Sky-Nguyen-1**
+
+*While you guys don't need to really do this for me I can't really refuse as I'm in a rough spot right now). Your encouragement is more than enough for me!*
+
+
+**EDIT 1: The good news is that I was able to get into contact with my friend.. He's allowing me to stay with him and his family for a night or so until I figure things out. I'll be using that time to research free help and food services and will work whenever possible. Thank you for supporting me and also for being concerned about my well being. I truly appreciate it. I read through every single post and I understand why you guys want me to go back to Texas. The truth of the matter is that I can't and that reason is personal. The only thing that I can do now is just to make the best out of my situation..**
+
+Just today I became homeless. I recently made a big move by myself from Texas to South San Francisco.. I thought that I should move here because I knew some people from when I was living here before and thought that it'd be better than going to an unknown state that I know nothing about. I'm at least somewhat familiar with SF/SSF and that's what made me came to California when my dad decided for me to finally move on.. I've never been on my own before, this is entirely different than living with my ex girlfriend.. So let me ask you, **personalfinance**.. What can I do from here? Any advice would be appreciated and anyone familiar with South San Francisco or just SF in general I would love to hear your advice.... And before anything, I don't want to go to a shelter, nor do I know how to get to one. I don't think I'd feel safe at one either.. I haven't ate yet and I'm really hungry but I'm I don't feel that I can go anywhere to get food because I'm carrying 2 large travel bags with me, not to mention my backpack with my laptop. Right now I'm currently sitting at a table in Starbucks that has no charging station so there's only a bit of power left so I'll make this quick. I'll go over what I have on me at the moment.
+
+* The best thing that I have at the moment is a job (that I haven't started yet.. I start on Tuesday but I'm getting minimum hours (18 hours, 4 days a week). I need to find a place nearby that I can commute to and from work. This is essentially my lifeline. 
+
+* My smartphone (with charger)
+
+* My laptop (What I'm using right now)
+
+* My Wallet (I have about $5 in cash and $263 in my card
+
+* I have a monthly bus pass (Sam Trans) pass that's good up till the end of April 
+
+* I have 2 travel bags (stuffed with jackets, clothes, 2 blankets, and some bathroom supplies - toothbrush, toothpaste, haircomb, shampoo, scrub)
+
+This is all that I have on me right now and I hope to find a solution or at least a temporary solution by the end of the day before Starbucks closes. 
+For those that have sold options continuously for 3 or more years, what are the lessons you have learned in all that time? How much bigger is your portfolio now than when you started? What kind of return on average are you getting per year? What are some things you wish you knew when you first started?
+I started with 300k cash plus margin and since beginning of March my unrealized is down 25k (premium gains are approximately 10k) and it’s affecting my psychology. I know nothing is lost till I actually complete the wheel but I fear we haven’t seen the end of the crash yet and might be holding these positions for 10 years until they recover. 
+
+I wanted to own the ETFs and stocks that I’ve been assigned so far and there is more that I’ll be assigned in the coming weeks but still knowing that it might take another 10 years to get back where I started is eating me alive. How do you cope with that ?
+If you believe in the MOASS thesis and that DRS is the key to that then you’ll understand that economic chaos is just around the corner. 
+
+You’ll also agree that MSM will paint us in a bad light and that retaliatory vigilante types will seek out apes to enact revenge. 
+
+You are much more easily accessible than those actually responsible for the next economic crisis. 
+
+Stop painting a target on your back. 
+
+* Get GME off your license plates
+* Remove stickers and decorative items linking you to double u ess B and stonk subreddits
+* Delete personal posts showing your likeness or items/cars/houses that identify you
+* Quit posting your damn account numbers!!!
+* Don’t reveal anything about your employment or personal life
+* Reddit usernames should be unique and ideally not shared by other online accounts 
+* Keep your positions and investments on DL
+* Don’t make it obvious when you quit your job that it’s related to a large financial windfall
+
+Be an anonymous ape, be smart. Eat your crayons discretely. 🚀🖍🦍
+
+Edit: A lot of apes voicing concern about getting doxxed via DRS of GME shares. I hope a future post can clarify what the risks are to shareholders and whether this list has been released. I’m too smooth to address these concerns/question. I think it’s a reasonable issue to highlight.
+He plays dumb and acts like he doesn't know what it is or what's going on are you serious? 
+
+He's THE HEAD OF THE SEC.  DRS IS LITERALLY ON THEIR WEBSITE.
+
+Not to mention when asked about it on Jon Stewart's show he beat around the bush and hear he is again playing coy like he doesn't know what's going on.
+
+THEY ARE AFRAID OF DRS FOR A REASON.  ALL OF THEM ARE IN CAHOOTS.
+
+POWER IS NOT GIVEN,  IT IS TAKEN.
+
+I'm sick of groveling in poverty with no hope for the future.  Sick of stagnant wages that lost buying power as inflation rises high and high and every market that provides necessities is priced out.
+
+It's obvious this corporatocracy is trying to do exactly what Russia is doing except more subtly: drive up poverty so we're forced into the meat-grinder of the military or abject servitude.
+
+All while the wealthy prance around moving millions and billions jet setting to their private islands while the rest of us are forced into food deserts eating obesity inducing low nutritious food all on exorbitantly priced health insurance that doesn't cover shit.
+
+
+DRS. EVERY. LAST. SHARE.
+
+Fuck GG.  Fuck Kenny.  Fuck all of them.
+
+BUY, HODL, DRS
+
+No cell no sell.
+
+***not financial advice I'm just an angry smooth-brained dipshit ranting***
+I've just sold my business and I cleared roughly $9M in cash post-tax. This has been a long time coming and an exhausting process, and at 41 I plan to more or less live off this money for the rest of my life, save for a few consulting gigs here or there. Throughout the business sale process, I was shopping around for the best Pledged Asset Line rate, but few would quote me until the money was in my account. Now that it's here, Schwab has quoted me 1% + SOFR, which seems high to me for this amount of money. I've been told to contact IBKR for a better rate, but I'm not sure how's the best way to get in touch, as I feel like a cold call telling them I have $9M might not be taken seriously. Any ideas? And any other Pledge Asset Line suggestions where I might get a better rate?
+https://www.imgur.com/a/QhDYsf1
+
+Looks like a lot of liquid funds have seen a decrease in NAV yesterday. Is the COVID panic the reason for decrease or did I miss anything?
+Does anyone else miss the OG system of paying down to a store over time and receiving the product at an end period of time? Such as the original Laybuy? When I was a child my mother had me utilise this service for what I wanted to teach me a few things here and there about wants and needs and saving. Honestly, it has helped me with this new 'buy now, pay later' crap. Can't stand it. I have so much discipline with credit cards as a result of it as well.
+
+Anyway.
+
+Do these still exist? If so, what are the brand names?
+
+Cheers.
+**UPDATE: u/Financial_Grandpa told me that it appears u/Past_Effect91 has referenced the wrong article it's not the article 19 that we are looking for!**
+
+Yesterday u/Past_Effect91 made a very important post that did not get enough traction, even though the content, as I read it, seems it could partially stop MOASS (if it doesn't please explain to me why not).
+
+The ECB is trying to undo mandatory buy-ins which means that when the MOASS should start, it won't because nobody will be forced to buy back the securities to clear the shorts!
+
+This is extremely illegal and we need to do something about this!
+
+Please help us Euroapes on our journey to write to our politicians about how dangerous approving this is for the economy and how we can stop this.
+
+Thanks everybody!❤️
+
+Edit: I am receiving lots of positive feedback and some people are even sending links to me to find out how we can complain about this, I will leave all of the links that have been shared with me below:
+
+https://www.reddit.com/r/Superstonk/comments/wy7tht/euroapes_assemble_link_to_cdsr_comment_form/?utm_medium=android_app&utm_source=share
+
+https://www.ombudsman.europa.eu/en/complainant-account (you need to make an account to complain with this one)
+
+The following comment is also great: https://www.reddit.com/r/Superstonk/comments/wyw4u7/the_ecb_is_trying_to_undo_mandatory_buyins_we/ilzw23x?utm_medium=android_app&utm_source=share&context=3
+
+Edit #2: thanks for the awards, but do not spend money on this, use your money to BUY & DRS GME instead, me and my bank account appreciate it a lot more🙃😂
+
+Edit #3: Sorry to bother you u/dlauer but we need help to understand this amendment better!
+At my company they offer 1/2 of what I put in up to me 10% and them 5%. It isn't specifically stated in the handbook but it was just known through word of mouth. I initially put in 10% through my first year just to get the match.
+
+
+Recently I've been set on retiring earlier so I decided to up my contributions to 25%. The HR lady physically came up to me to make sure it wasn't a typo in my email. She even made me put in writing that I wanted to change my contribution from 10% to 25% and wanted to tell me that I would still only get 5% from the company. Apparently it is extremely uncommon if not unheard of for employees to put in over 10%.
+
+
+I just checked my 401k transactions and saw that not only did I get my 25%, but the company matched 1/2 of that and contributed 12.5%.
+
+
+Now, I had heard in the past that they will match 1/2 of what I put in up to $5,000 total. That makes me hesitant to say anything in case I'm grandfathered into the old plan. And I can't really believe the HR lady because she just repeats what she has heard through word of mouth. Nothing is in writing anywhere and I can't talk to anybody about it because nobody knows what is going on. Our plant is a remote location from a company in a foreign country.
+
+
+What do I do?
+
+
+Edit: Can they come calling for it at a later date? How do returns and losses affect that? If they give me $500 and try to take it away but the market tanks, do they still take $500 or a "market adjusted" $500?
+
+
+/u/minorcommentmaker addressed this:
+
+
+https://www.irs.gov/retirement-plans/401k-plan-fix-it-guide
+
+
+>The rule for them not correctly following the plan is that they need to apply corrective action that ends up with you in the same position you would have been in if they didn't make a mistake.
+
+>So they are supposed to take a "market adjusted" $500. If the market has gone up, they can take more than $500. If they market has gone down, they should take less than $500.
+I turn 50 later this year and am planning on what is the next phase of my life. As I reflect on my journey to FatFire, thought I would share some of my lessons incase helpful to others.
+
+***Background*** – 49, married one kid (11).
+
+NW - $11.5M ($10.5 in investments – both pre and post tax accounts; $600k in Home equity and 400k in other assets – mostly life insurance). There are other funds that we will get (parents house, inheritance etc – that we are not counting.
+
+Quick synopsis of my path. Grew up low middle class
+
+Started professional career with decent student and credit card debt (\~300k – including 45k in CC debt – yeah I was stupid to spend $$ I didn’t have). Have been working steadily since I was 15.
+
+* First Job out of College (21yr old)- $23K
+* First Job out of Grad School (26yr old) - $70k/yr
+* Current Comp - \~2M/yr
+
+Career progression has been in consulting with a stint in industry. Started at a MBB and transitioned to a Big 4 couple of years ago. So all W2 income
+
+***Decisions that hindered my FatFire Journey***
+
+* Paid of my parents house when I was 32 (took a 2nd mortgage on our house to pay out – at that point we did not have any extra cash). He always wanted to be debt free at 65 and we could make it happen – would not change it at all
+* During the financial crises – held on to our house for way to long (same one we took the 2nd mortgage on). We bought a new house before we sold our old one and the market crashed. Instead of doing what others were doing and just giving up the house to the bank and stop making payments – we kept it for 3 years and paid all the bills – mortgage, insurance, maintenance etc. Finally sold it for a less than what we owed and paid the bank the difference – I would probably do this one different – at least get the bank to agree to a short sale
+* During Financial Crisis – liquidated most of our holdings because I was afraid – didn’t come back in till market was steadily climbing -very dumb move on my part and will never do that again Strong believer is dollar cost average – which is what we have been doing ever since
+* Recently bought a house that is way to big for our family – 9500 sq ft for 3 people. Would not change it – even though maintaining this beast is expensive – my wife and daughter love it and that is way worth it. Will sell it in 7-8 years when the kids goes to college
+* Burn Rate has always been very high. We spent a lot of $$ - mostly on food and travel. When we were younger (late 20’s and thru 30’s)  it was common for us to spend $1k a weekend – most weekends, just going out with friends – dinners, wines, bars. And we also travelled a lot – weekend trips, week long trips etc. We don’t have time, or the stamina, to do that now – but even now burn rate is pretty high (250-300k/yr – entertainment, travel, shopping, food etc).  Would not change it. Firm believer in you should enjoy what you like while you are working/saving – otherwise why are you doing it.
+
+***Things that helped in our FatFire journey***
+
+* Having steady high paying jobs that grew over time – I am fully aware that me being in consulting for 20+ years has made all of this possible. But lasting this long also takes a lot of sacrifices and commitment – I guess a combination of hard work and luck are the biggest factors in my FatFire journey
+* Living very well but not extravagant. Up till this last house – our house was always very nice, but certainly not the best in the neighborhood. We always leased very nice cars - mostly BMWs –5 series not 7. Bought nice clothes – but not 5K suits. I have friends that have Bentleys and $5M houses and spend 20k when they go to get suits, fly private to their home in Aspen etc. We can do that – but see no reason to. We are living very well – but we are not living extravagantly. I guess we try to keep lifestyle creep to 25-30% of income increase and the rest we bank.
+* Continuous steady savings – at the beginning we were not saving at all (except for 401k’s) – we were paying off debt and spending. But as we got into our early 30’s we started to save monthly and dollar cost into the market
+* Savings bonuses – we tried to live off our base comp and all bonuses went into savings - these are significant as you move up your career
+
+***What's next.***
+
+I have run all the scenarios (FireCalc and others) and it looks like I can retire in 2 years (Jan 23). I will be 51 then, or may stay for another year and retire at 52. Burn rate for the next 6-7 years will be $650k/yr post tax and then will steadily decline after that. The Calcs tell me that I have a 90+% chance of success – which I will take – can always reduce spending. There are different scenarios I am looking at (but that is for another post)
+
+I plan on taking 6-8 months to do nothing and settle into the new routine. After that, will see about teaching or mentoring college students. Starting to put together a group of friends with various backgrounds that can act as informal board of directors for college students who want to start their own business or something.
+
+Let me know if you guys have questions – happy to share what I can.
+What is a REASONABLE amount to spend on engagement ring given a certain salary?
+
+If any of you don’t mind sharing what your salary was when you bought the ring and how much the ring cost. I just want to get a good, non-DeBeers marketing influenced amount. 
+
+Thanks in advance.
+What's up Reddit! Today I'd like to take a look at the Bull case for **MDX- MANDALA EXCHANGE Token.** Fortunately (Unfortunately for some) this won't be a 2 Paragraph post Shilling another NFT Scam or another Clone of **SuperSafeFairHogeTotallyNotAScamMoon Coin**. I'd like to focus on tokens with **REAL USE CASES & UTILITIES both in BULL & BEAR MARKETS**, which brings us to **MDX.**  
+**MDX** is the **NATIVE Token to MANDALA EXCHANGE**, just like BNB is to BINANCE. Having launched in December 2020, **MANDALA EXCHANGE is Powered by BINANCE CLOUD.**
+
+But wait, **BINANCE CLOUD?**
+
+It is Binance's White Label program, where Binance helped **Launch MANDALA EXCHANGE** by **Leveraging the Superior Security**, **Technology** and **Liquidity solutions of Binance Exchange**, with our Logo on it. In a Nutshell, Binance takes care of the entire exchange infrastructure including Deposits, Withdrawals, Security, Liquidity etc based on a **Revenue sharing agreement**. Mandala exchange uses Binance's Wallet Infrastructure therefore is protected by Binance's **SAFU fund**. Crypto transfers between MANDALA and BINANCE are marked as "Internal Transfers" which is NEAR INSTANT and FREE (NO-FEES).
+
+Mandala and Binance share the same order books (260+ assets and 940+ pairs to trade with, with more being added non-stop) PLUS some **UNIQUE LISTINGS ONLY AVAILABLE on MANDALA Exchange (coming Q2)**. **Locking MDX tokens on the Platform** can provide you up to **50% Discount on Trading Fees**, as compared to Binance.
+
+For eg: to get **a 0.05%/0.06% Maker/Taker Fee Discount** (VIP-4 Level) **on Binance** you need to **Trade** **>4,500 BTC in 30 days and Hold >1,000 BNB** (which roughly equals to **$270M BTC Trade volume** and **$600K in BNB** value), or you can get the same discount (0.05%) for the same order books on Mandala if you Just Buy and **Lock 320K MDX Tokens for 30 Days (rebate starts from Day 1)** that is about **$130K** based on current spot price around **$0.40/MDX** and **No Trading volume requirement**!
+
+Put yourself in the Shoes of the tens of thousands of **HFTs, Trading Bot operators, Market Makers** and pretty much any automated trader: You can trade on Binance and you'll need a >$270M combined investment and Cash Flow of BNB & BTC (see math above) to reach the lowest trading fees, or you can trade on MANDALA and reach the lowest trading fees with about $112K's worth of MDX.So **Using** **MANDALA Exchange to trade at Max Discount (0.05%) costs about 1/6th of the BNB token price (MDX/BNB) and 1/2700th on total cost basis (MDX/BTC+BNB value).**
+
+**MANDALA INTERNATIONAL EXCHANGE IS LIVE  WITH 260+ ASSETS AND 940+ PAIRS** to trade with and **FULLY OPERATIONAL SINCE JAN, 2021**, and being polished and improved every day with the backing of all Binance's engineers that are behind it. **Futures trading** (for the same pairs as Binance) should be released in **early Q2 and Margin trading Q3**, which should explode the volume on this exchange as you can trade much bigger positions, with way less funds, using leverage.
+
+Cherry on the Sundae? **Mandala plans to also have it's own listings of Unique Top Altcoins and De-Fi projects, distinct from what's already on Binance.** This could result in more tokens on Mandala than on Binance. Combine this with Mandala's extremely low fees and you have a potential behemoth in the making.
+
+Mandala has a **uniform Maker/Taker Fees structure**, unlike Binance that has asynchronous Maker/ Taker Fee model. See below the **MDX Taker Fee comp. with BNB**
+
+**Holding 320K MDX (cost: about $112K USD) as a Taker: 0.05% trading fees (biggest discount)Holding 9K BNB (cost: about $5M USD) as a Taker: 0.05% trading fees (biggest discount)**
+
+Again, just so it's clear, you are pretty much trading on the same exchange in both scenarios above. We reach parity with Binance (on a trading discount level) when 320K MDX is equivalent to 9K BNB in USD price, aka at about **$15.62/MDX**. This is based on pure math and does not account for speculation/hype, which can of course take things higher as we all know.
+
+In a big move to boost liquidity, volume and its amount of users, Mandala Exchange recently won the most recent **HUMMINGBOT** vote and will be included in their newest release.
+
+Hummingbot is a cryptocurrency trading bot currently boasting THOUSANDS of high volume trading bot users. These bots basically trade 24/7 on various pairs and ensure liquidity, price consistency across pair, arbitrage, etc. and generate a lot of volume. I guess you can imagine how juicy the trading fee discount on MDX can (and will) be for these individuals. When you are moving millions in trades, the fee rebate makes a huge difference on your bottom line.
+
+The Hummingbot addition also opens liquidity mining campaigns for trading pairs specific to mandala (which should boost exchange volume massively for these pairs), and these campaigns will be promoted both by Mandala and Hummingbot (who both stand to win when users use their respective products). It also adds a revenue stream for Mandala users as they can learn to run the bot and earn money with their crypto holdings - which also translates into more overall volume.
+
+**MDX TOKEN STATS**
+
+**- Max Supply: 400M**  
+\- **Circ. Supply**: **<300M**  
+\- **Market Cap: $120M** (VERY Low)
+
+The Exchange is fairly new, it's still early, and I believe they will be following Binance's footsteps. The **CEO of Mandala also happens to be a US-Based lawyer**, which makes me quite comfortable.
+
+As per roadmap and the team, we have all these catalysts coming:
+
+\- **Futures (Q2 2021** \- way more volume)
+
+\- **Margin (Q3 2021** \- way more volume)
+
+\- **COINMARKETCAP** and **COINGECKO** **listings for the exchange** also for Q2 2021 (currently MDX TOKEN is listed, but Mandala as an exchange is not yet). It is being done as we speak. This will add a lot of visibility to the exchange)
+
+**- Hummingbot** (scheduled for mid Q2 2021 - as mentioned above, will bring a lot of trading activity, volume and liquidity)
+
+\- **CCXT certification** (opens the floodgates to a lot more crypto trading bots, further enhancing volume and liquidity and inviting big market-makers over to MDX)
+
+\- **Massive Marketing campaign** (they have grown to over 10K users in 2 months with essentially no marketing, and are saving the budget for when futures are up and running)
+
+**- MANDALA UNIVERSITY** (learn coins, blockchain, De-Fi trading, and how to setup trading bots. It will be their version of "Binance Academy")
+
+\- **Staking coins on the exchange** (the same coins as on Binance (except MDX), will be able to be staked on Mandala as well, since Mandala runs on binances' architechture)
+
+\- **MDX listing on Binance** is also part of the plan, although the team cannot give a direct yes/no answer. But it's only natural MDX gets listed there, as a Binance cloud powered exchange they already went through heaps of due diligence.
+
+\- More utilities for the MDX token (ie: lock them for exclusive access to X, Y and Z benefits ON TOP OF trading discounts)
+
+\- **iOS and Android apps** (currently launched as beta, should be fully operational and open to everyone by mid year)
+
+\- **Fully Complaint US exchange launch- Q4, 2021/Early 2022**
+
+And my absolute, favorite release of them all: **MDX SOCIAL**
+
+To put it in simple terms, imagine OnlyFans but for traders. Smaller traders can subscribe (for a fee) to bigger traders and follow their trades, and even better yet will also have the option to copy their trades automatically. This subscription fee (and the trading fees generated from smaller traders following their favorite trader) will be shared between mandala and the trader. There will also be a social media aspect to it, although not yet confirmed i can imagine things like creating profiles, sharing pics, chat rooms, talking between traders, leaderboards/contests, etc.)
+
+Some other things I'd love to see, but are **WILD Speculations on my part** (yet they could very well happen since anything from Binance can be ported to mandala)
+
+\- **MUSD**, their own version of the BUSD Stablecoin  
+\- **P2P Marketplace**\- Mandala Powered **Crypto Credit cards**  
+\- Integrate **Yield farming** and **Liquidity Pools**  
+\- **Tokenized Stock trading** (as you might be already aware, BNB is currently exploding as Binance just launched stock trading on their platform and the first stock available is TSLA. This is a MEGA GAME CHANGER as we will see more stocks available on Binance in the future - and MDX being on Binance Cloud, should most likely follow suit since they can deploy the same features as Binance by Flick of a switch
+
+On Final Note:
+
+Most folks wonder why Binance would even do this Whole White Label (Binance Cloud) program. The answer is fairly straightforward: as the bull run continues and the whole market matures, competitors are bound to pop. These competitors will compete with Binance and gain market share, there is simply no way around it. But hey, if you can't beat 'em then join them, right? And this right here is the genius of CZ, the CEO of Binance. By making it so convenient with a turn-key solution, most of these upcoming competitors can/will use the Binance cloud solution instead of starting from the ground up. They'll get access to the beefed up order books with full liquidity, as well as Binance's solid infrastructure and proven security, for their entire operation. It makes it almost a no-brainer.
+
+And Binance gains from this. Instead of competitors popping up left and right to compete with them directly, they'll instead pop up as allies, and Binance will make a % of all their revenue in exchange for letting them use their proven monster of a platform. It's a WIN-WIN for everybody.
+
+Keep in mind, Binance has a vested interest in making MDX a major success since:
+
+\- **MANDALA is powered by Binance Cloud**
+
+\- It's the **FIRST PRIVATE Partner on Binance Cloud exchange** to launch on such a scale. They NEED this to be a homerun because that's the BEST POSSIBLE marketing for their cloud platform. Binance can literally NOT allow it to fail as it will legitimize their Whitelabel/Cloud solution in front of the world and make sure the next crypto exchanges (that we discussed above) will want to build with their cloud as well.
+
+**If you missed the BNB train, THIS IS your Second chance.** That's my deep DD for the day boys and gals. Mandatory disclaimer that I am not a financial advisor and this is not financial advice but purely an opinion piece, as well as an open invite to try the Mandala exchange, powered by Binance Cloud.
+
+Also, FYI, Mandala will have a booth at the **Miami Crypto Expo (April 21st to April 23rd)**. If you're from Florida or nearby, make sure not to miss it and **CEO Joe Reiben is one of the Keynote Speaker and CTO, Zach is a Workshop Facilitator.**
+
+**TLDR**: I like the Stonk and **my Price target is at least $15 by EOY**, which would put us at **$5B market cap** (roughly the same as FTX currently, and who the hell even uses the FTX exchange anyway? Binance and Powered by Binance Cloud is the way to go)!
+
+PS: You can join us in the TG and Discord, we're a happy community. Just go to Mandala Exchange website, scroll down to the social links and you will find the discord and telegram links.
+Listen, for those of us who stepped in shit and were in the right place at the right time with positions, we got lucky. 
+
+In reality, there is a world of hurt out there. Think about how depressed you were the first time you blew your account... That's the fear most of the world has right now with their life savings and retirement funds. 
+
+More importantly, people are actually worried about the health and safety of the people they love.
+
+We didn't start the fire, and if bankers make money on bad events why not autists as well.  I agree. Be safe, play the market.
+
+Just don't fucking dance
+
+
+Update: thanks everyone for the awards and shit. I put them in quarantine for 14 days before enjoying them
+Im truly amazed of how btc is holding 19~20k support like this, i never expected it to do so while stocks are dropping sharply and the market is in its worst days
+I have no idea if this is the right place to post this or not but to give a general overview... I’m 27, I moved out of my parents house around 7ish years ago. I ended up with £15k in debt because of stupidity but I’m in a position where I’m paying it off at a good pace. I’ve also been trying to get my credit score back up because I’ve become really serious about buying my first home. 
+
+I recently got out a Vanquis credit builder card (the interest on it is extortionate but I get why) that I was going to use to pay my phone bill every month and then put the money back in, in full. 
+
+I should mention that I’m self employed, my earnings vary greatly from month to month. I could come home with £500 one month and then £2000 the next. 
+
+My mum had to give up her job a few years ago because of a nervous breakdown and my dad works at basically nat min wage. 
+
+My mum found out that I had this credit card and asked me to pay for my dad’s car insurance, because they had been wiped out by rent that month (the old corona took a toll on finances) so I agreed, but only as long as they paid me back, in full, when my dad got paid. They agreed and promised they would. End of next month, I asked for the full amount, suddenly it was an issue. They wanted to pay me half of what they owed me and to pay it off over a couple of months. I said no, I wanted the full amount because it’s not technically my money, it’s borrowed. That’s when the guilt tripping started. They started saying everything they had ever done for me. Which, actually, isn’t that much. They paid off a £50 phone bill once, I paid them back within a week or two.
+
+Now, she’s asking me to get her a month’s worth of shopping and I’m being guilt tripped saying they don’t have enough for food and that they’ll “just have to starve for a few weeks” if I don’t get them a food shop order. 
+
+Bear in mind that they’ve already maxed out a £3.5k credit card of their own.
+
+I’m in a catch 22. I live 100 miles from them (I did that on purpose - if it could’ve been further, it would’ve been). I don’t want to feel like I have to support them as well as having to support my own family (Boyf + cat, no children - cost of living is horrendous in south east England so the majority of my wages go on rent, bills, debt repayments and savings) but I hate being guilt tripped all the time and then when it comes to paying me back, there’s always a reason why they can’t. 
+
+I know I’ve gone on a proper ramble and I hope this makes sense to anyone reading but I just really need some advice. Would you continue to support them, would you just put up with the manipulation, would you cut them off? 
+
+Thank you for reading if you got this far.
+
+Edit: I just want to say a huge, huge thank you to everybody who has commented with advice for me. I’ve read it all, taken everything in and now know how to approach this situation with a much clearer mind than where I was at this morning.
+
+Also, for anyone who went into their own stories and own backgrounds, I just want to say a massive thanks. It’s so nice to hear it coming from people that have, in their own lives, dealt with things on a similar level and I hugely appreciate each and every one of you.
+https://economictimes.indiatimes.com/industry/cons-products/fmcg/worst-fmcg-show-likely-in-15-years-credit-suisse/articleshow/71193810.cms
+
+> We expect 2Q and 3Q FY20 to see a further slowdown in revenue growth of our coverage universe to about 5%. This will make FY20 the slowest year of growth for FMCG in 15 years. The last period of such low growth was 2000-03.”
+
+> Our recent interactions with Hindustan Unilever’s management indicate further moderation in growth across consumption categories. Rural remains under stress and category growth rates are now trailing urban consumption. The macro environment remains tough and recent measures such as budget and rainfalls will take time to show up
+ Good Afternoon, 
+
+So today was an interesting day in the market as the FED was due to release their minutes as the market anticipated that, though the rate hikes are largely already priced in. Today on GME we saw fairly flat price action, but still finished above VWAP at end of day up 2% on 4.1 million volume. Today there were some curios Deep In The Money Calls traded for both April and June expirations. You can see them here below. 
+
+​
+
+https://preview.redd.it/xf1yzp7eyzr81.png?width=1274&format=png&auto=webp&s=461e4844e76216c2933d0a210d474c4c4ee22bbb
+
+ 
+
+Below are the largest options trades in terms of delta. The largest delta volume came from the 14-Apr-22 147 Put, with traders buying 37,955 deltas on the single option contract. 
+
+​
+
+https://preview.redd.it/sab2hgrmyzr81.png?width=1248&format=png&auto=webp&s=763493370785aaab9e8130331b22c1b5ffcc5a52
+
+After diving into ETF's for over a year here's a meme: 
+
+​
+
+https://preview.redd.it/ldxify5ryzr81.png?width=480&format=png&auto=webp&s=3a4eebe9c8eee4d29daf459842f4dc337cb77edd
+
+ 
+
+\*\*Warning\*\* Long Explanation Incoming:
+
+Next, I wanted to move onto probably my favorite topic and that's ETF's that hold Gamestop. First, I want to consider our favorite ETF which is XRT. I did some digging looking back at the historical Open Interest on the ticker for both puts and called. I took that data and graphed it out against Gamestop's price action. I started to see a fairly significant relationship between when PUTS sold off in XRT and when a corresponding price increase in GME would happen. I made sure to also include XRT's Failure to Deliver's (thought it was such a big number) I divided the failure to deliver by XRT's current shares outstanding to give me a percentage of FTD's to Shares Outstanding percentage, which was much more graphable. When looking back historically at XRT in Market Chameleon you can follow a Vertical Put Spread that steams all the way back to January 27th 2021 that has continually been used to "Kick The Can" down the road. Initially they started with 62k puts at the $70 strike and have since broke apart the position into 10-30k put positions. Once this put position is entered into Short Hedge Funds force the obligation onto the market maker/ Authorized Participants to deliver stock. Sometimes we even see FTD's in the Put run up. The Short Hedge fund is causing the market maker/AP to hedge their asset pool against borrowed shares.  In doing so they either locate the shares or create synthetic ones since they're largely Reg Sho exempt. They will get the shares deliver to SHFs, who will run it through the lending pool intraday and overnight dropping the borrow rates all around, All while loading up on more puts on XRT for the next cycle. puts on XRT to drive the price down mid cycle, They then have a huge sell off of said puts (Drop of 40%+ on the put side), GME runs the week after. We can observe this in the several charts below:
+
+First, their initial opening of the put position on XRT Jan 27th 2021: 
+
+​
+
+https://preview.redd.it/fevnt46izzr81.png?width=508&format=png&auto=webp&s=53c76d6bc1294b6b427aa4ef6d51a70b70668cad
+
+ I noticed this the other day when a significant large trade came into XRT by Institutional Traders:  
+
+​
+
+https://preview.redd.it/mkx4esemzzr81.png?width=1243&format=png&auto=webp&s=5c329fad48ba18f5207cd4184f1acf446f4d30d7
+
+ Now I want to show you this graphically since 2020 on XRT, I hope to also do this on IWM and VTI historically. Let mew know if you have historical open interest for ETFs. Remember this is looking at Calls/Puts Open Interest on XRT vs GME Percentage Price Increase vs XRT FTD's as a percentage of XRT shares outstanding. You can see the relationship here:  
+
+​
+
+https://preview.redd.it/4hjy645pzzr81.png?width=1848&format=png&auto=webp&s=042e34ddf785c6dba7ff5464cc188760c861a1e6
+
+ 
+
+Here is a cleaned up version just looking at Put Open Interest on XRT vs GME Price Percent Change: 
+
+​
+
+[ ](https://preview.redd.it/427z7klrzzr81.png?width=1710&format=png&auto=webp&s=01a4ae7fa020b8747a55c90bad77f19717e43fc2)
+
+ 
+
+You can see that when Puts sell off on XRT you either get: 1. A significant price increase in GME
+
+2. MM's internalize it and you get Failure to Delivers.
+
+One key difference here on their ability to internalize and choose failure to delivers that (eventually they cash settle) is there is a threshold of about a -40% drop in put open interest that historically they deliver on. You can see it most recently on the March 18th expiration: 
+
+​
+
+[ ](https://preview.redd.it/8hudpqevzzr81.png?width=1278&format=png&auto=webp&s=2b42d474b8b1ef0a027d621ada43a0956d446df0)
+
+ So, what does this all mean? Simply put I'm not here to predict Wen Moon, but it's been historically important to watch XRT's Put open interest as when the threshold is passed. Pay attention to the $70 strike put as it's been a key in the past. I will sound the alarm when I see this occurring. In the meantime I've spent countless hours trying to figure out Wen Moon and this is my portfolio guessing wrong dates:  
+
+​
+
+https://preview.redd.it/hifds4eyzzr81.png?width=668&format=png&auto=webp&s=16f44b6a4ea5b34b40ad632ec62e588ddfedf4e2
+
+ 
+
+So, knowing what we do now I think first I'd like to replicate this onto other ETFs and follow all of them and if there is a particular threshold that occurs on them as well. It's worth saying that XRT trades significantly more options than many ETFs. I think as a hive mind we have our PF flyers on: 
+
+​
+
+https://preview.redd.it/zbic5wx000s81.png?width=857&format=png&auto=webp&s=71c2acfefa560cc1ce79e60daae2c17f0c99126c
+
+ Now, into the larger market news as I said before FED minutes were released today and the market began to digest those as the rate hikes are largely priced into the market. There was also a key SEC meeting today on the SBSEF proposal and look to see the results of their consideration. Then, lastly I will touch on housing as it's beginning to be a important topic as many state markets have been running red hot (Here in SoCal I'm lucky to get a box for 700k).   
+
+​
+
+https://preview.redd.it/prl3q15300s81.png?width=656&format=png&auto=webp&s=81e1cf1afc356afbb53459ae79d4d5da3b276a9d
+
+​
+
+[ ](https://preview.redd.it/w98rx8sb00s81.png?width=511&format=png&auto=webp&s=63a890301e78f94883450755bafce3a3937bdddc)
+
+ 
+
+Lastly, In JPOW and Nancy we trust! I also included a previous interview with Kansas City Fed President Esther George. She said today a faster pace of rate increases may be warranted, with 50 basis points on the table for May. Federal Reserve Governor Lael Brainard noted the central bank will raise interest rates steadily and will begin reducing its balance sheet as soon as next month. Brainard, normally a dovish voice, also noted that balance-sheet reduction could proceed “at a rapid pace.” U.S. equity indexes lingered in the red at midday, as bond prices sagged on Brainard’s comments. The question now is how aggressively the Fed will move after having indulged the “transitory” fantasy too long.
+
+See full interview here: [https://www.youtube.com/watch?v=F-KOSy-xXr0](https://www.youtube.com/watch?v=F-KOSy-xXr0) 
+
+​
+
+​
+
+https://preview.redd.it/q67m0xre00s81.png?width=701&format=png&auto=webp&s=ac62673efc04ad445647f883212bc2bf1f4f2ecb
+
+The Show Goes On! 
+
+​
+
+https://preview.redd.it/i0cikw1h00s81.png?width=525&format=png&auto=webp&s=826895b67cc264e65530b88482b41ddc5cc93997
+
+ 
+
+Much of this post and the many that I do are community sourced and if you're interest check my profile. These posts do contain my original thoughts in addition to a portion from users.
+
+Cheers Everyone!
+
+\-Turd
+**How much of your net salary (in %) do you spend on housing ? (including charges like water/electricity/gas/internet etc) ?**
+
+To explain my situation, I've recently got a substantial raise of salary (I earn around 2900euros net per month) and since I need to find a new flat (for personal reasons), I was wondering how much it is reasonable to spend on your housing if you want to save some money also ?
+
+I started checking flats and there seem to be a huge difference between 900 and 1100 euros where I am (including elec/water/etc). But I've never spent so much on a flat (Until now I was spending around 600 euros because I was sharing with a friend and I was trying to save a lot of money for a trip)
+
+I am single (26) and I'm not into luxurious things, but I would also like to save some money for future projects. And spending 1100 euros on housing on 2900 is like 38% of my salary
+
+​
+
+Does this seem reasonable or not to you ?
+https://www.nytimes.com/2019/10/17/style/rich-people-things.html?smid=nytcore-ios-share
+
+-No one has a “number” these days (sad)
+
+-Without work we must face the nature of existence” (basically ignoring your own mortality via distracting yourself)
+
+-Running in circles with other rich people (Keep up w/ Joneses)
+
+-Addicted to money
+
+-The world as we know it is about to collapse..need enough money to colonize Mars/Move to New Zealand/freeze my body/ etc
+
+Are any of these reasons compelling to you? The people referenced in the article seem absolutely insufferable.
+We know many brokers were told it was a forward stock split. 
+
+We know the DTC filed it as a forward stock split. 
+
+So why did the DTC accept all the stock from Computershare?
+
+If Ryan Cohen/Gamestop want to show the DTC as incompetent or corrupt, all they have to do is force the DTC to explain this. Or to provide brokers with the stock as they were supposed to.
+
+In either case, the DTCs actions on this has put a spotlight on it, and it’s going to be difficult for the DTC to explain it away…
+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!
+
+Plan to get into multi-family investing and house hacking within the next year or two. Is it worth getting a real estate license to keep up with the market and represent myself in my deals? I’m wondering if the money I save in commission fees would outweigh the fees of continuing education and broker fees every year. Also would ideally be an agent for people in my circle if desired. Does anyone else do that? Any advice or insight is welcome. Thanks!
+Unsure if this will be downvoted or upvoted (edit: got my first downvote, thanks). It is meta/off-topic perhaps. But, my question is, after your months or years or decades of actual experience, what are some important lessons you've learned that you are able to distill into words?
+
+For example, one truth about equity investing I've realised is that it does not matter *too much* what instrument you are trading, perhaps excluding single stocks. (See for example Taleb's green lumber fallacy.) The underlying is not as important as you think. On the other hand, another (not contradictory) truth about investing (less about algo trading) is that return on equity (when investing in stocks/funds) matters more than initial price paid (e.g., German stocks, or value stocks, might look "cheap", but maybe the market is being rational about long-term ROE prospects which is governed by various factors that you haven't even thought about).
+
+I'm thinking some people out there might be able to give me some cutting truths about ML methods, how hard this game is and *why*, etc. We all know this game is super difficult, but understanding the reasons why is important (and I mean beyond the obvious truisms like, "markets are mostly efficient" / "markets are very competitive").
+I recently turned 34, am single, do not have any kids, and serve in the US military. While I consider myself financially responsible since an early age, I did not discover FIRE until COVID began. I didn't get serious with FIRE until 2020. Now that I am serious, I am leaning hard into the lifestyle. I have changed MANY of my bad splurging habits and investing significantly more. 
+
+I started my career debt-free because the military paid for my associates when I was enlisted, paid for my bachelors to commission, and recently just paid for my masters as a full-time student. This helped catapult me into a saving/investing which was exacerbated by a $11k inheritance at 18 years old. Yea, totally a trust-fund baby :) jk (RIP Grammy). But seriously, it helped a lot. I am and have always been an index fund investor with a few individual stocks (currently 10).
+
+90% of my money is parked between S&P, Nasdaq, and small-cap funds. I also do not believe in debt, so all major purchases besides my home was with cash (credit card; then paid off EOM). My emergency fund was always a few months salary.
+
+Current breakdown:
+
+* TSP: $204K (S&P/small-cap funds)
+* Roth: $160K (VOO/QQQ/SCHA)
+* Taxable brokerage: $407K (Mostly VOO/QQQ|10 recovery stocks)
+* Checking: $25k (emergency fund)
+* Yearly salary: $135K | Yearly expenses: $48k.
+
+For starters - at 18 when I inherited that $11k -- I invested it all into APPL, MSFT, HD, and MO (important later). I opened a brokerage account at the direction and help of my father. He was a major influence in my financial behavior from a young age. I invested in what I knew and after that I did not really invest any money until I graduated with my bachelors about 6 years later. I was young and either deploying \[then blowing my money when I got home\], or just enjoying the college experience. Honestly, I would not change anything because I was losing friends left and right during that period and that set a tone for me for the rest of my life. I wanted to find a happy medium between saving/investing and living. One thing I am constantly reminded of in my career is -- the only thing guaranteed in life, is death. I think the FIRE community often overlooks this. Just to be clear, I have never lived paycheck-to-paycheck, always kept an emergency fund and never dipped into that.
+
+2011-2015: Ok, so I graduated undergrad and got serious. I was making $65k-$85k during my early years. Deployments always skew results because of tax-free money. Also, since a portion of military pay is not taxed, we "make more" or so it feels. My mentality once I graduated was to max my TSP (401k) and Roth. I stuck to this. Remember how I said I wanted a happy medium? Well, my thought process was max both vehicles and spend the rest - toys, travel, experiences. I did just that. Do I regret it now? No. I knew what I was doing. Could I have invested more? Yes. Oh well, I digress. Furthermore, since my account met the threshold, I hired a broker to manage my money - another mistake I do not recommend. The USAA broker sucked and their mutual funds generally sucked. It was a waste of money. Also, took me two years of investing into my TSP to realize that the money was just going into a bond fund. I switched the allocation to the S&P fund immediately. OUCH!
+
+2016-2020: Sticking true to my happy medium, I continued to max my TSP and Roth -- and spend the rest. I bought my first home in 2016 (basically zero money down because VA loan) and had grand plans to rent it when I moved duty stations. I also fired my broker in 2017 and took over. I liquidated everything in my Roth and moved it to S&P and Nasdaq funds. My salary continued to increase as well so that meant more spending. Ok, I do regret some of my excess spending these years - primarily the sports car. I was making $85k-$115k during this timeframe. I made a fatal mistake during 2017-2018. I sold most of my APPL, MSFT, HD, MO. Yup - BIG MISTAKE. Do not do it. I sold stocks to take a profit and purchase that car with cash. I also rotated some of the money into some other tech stocks. I discovered FIRE during 2020 as well which made me constantly look back at this and get mad.  I bought as much as I could afford during the COVID dip. Buffet engrained in me that the market was on sale so I took his advice.
+
+2021: Not only discovered FIRE, but discovered Reddit and actively listen. Thank you! My salary increased now to $135k. I sold my car that I purchased in 2018 because of the used car market and I had my fun with it. It's also important to note that I always lease my daily driver because I deploy a lot and am able to break the lease no questions asked. Ok, so technically I am carrying some debt here but it seems to be more efficient than letting a car sit and depreciate. I am basically renting a new car to drive for 12-18 months. Never put any money down, though. Also, decided to take advantage of my primary home and sell it during this market since I had to move to a place I can only rent at. House value doubled in five years. I plan to buy a multi-family home at my next duty station and hack it. Unless I settle down. Then I'll have to buy a SFH with my VA loan and then buy a duplex with a conventional loan. A boy can dream!
+
+Portfolio (EOY totals):
+
+* 2012: $34,568
+* 2013: $54,492
+* 2014: $64,411
+* 2015: $83,634
+* 2016: $114,293
+* 2017: $159,132
+* 2018: $214,721
+* 2019: $294,886
+* 2020: $401,882
+* 2021: $771,010 (current)
+
+In sum - Avoid bad debt. Save/invest early and often. Find a balance between health, wealth, and happiness. Buy and hold. More specifically, never sell an asset just to purchase a liability. If you cannot save for it and budget, you don't deserve it (blunt). Buy more when the market corrects/dips. Do not hire a broker. Invest in index funds that match the market. Make sure your 401k etc. is not being invested into a bonds/MMA. Be proactive with it. Spread financial literacy wherever possible.
+
+Clearly, my situation is different because I do not have kids and have medical. Thanks for tuning in. Hope some of my stupidity helps you.
+[https://www.financialstockdata.com/prosus\_write\_up](https://www.financialstockdata.com/prosus_write_up)
+
+Real market cap $78 billion, due to mistakes made in shares outstanding online (cross shares not taking into account), [https://www.prosus.com/news/investors-shareholder-information/](https://www.prosus.com/news/investors-shareholder-information/) .
+
+My thesis has already been covered by others, but here it is anyway:
+
+
+This is not financial advice… I don’t know your circumstances, but this is what I’m doing.
+
+If you are familiar with Munger’s play on Tenneco in 2001, this is the same play.
+
+Auto suppliers have very sticky revenues, and right now demand remains high for new cars.
+
+Chip shortages and supply chain issues have crushed new car volumes, causing CPS to take on a ton of debt(less than Tenneco in 2001 though), compounding their already poor performance from 2019.  Revenues are on the decline, they are bleeding cash, and the market has priced them incredibly harshly.  New car production is expected to stay low for the rest of the year and slightly in to next year. 
+
+Thus creating a potential opportunity.
+
+This has a reasonable probability to be a generational opportunity in my view.  There are meaningful differences between this play, and Munger’s Tenneco play.  CPS’ debt troubles are not as severe as Tenneco’s were. CPS’ bond prices are not suggesting as high of a bankruptcy risk as the bond prices for Tenneco suggested back in 2001.  
+
+CPS is the #1 provider for sealing systems in the world and OEMs desperately need CPS to stay in business.
+
+This will allow CPS to raise prices on them, as indicated in the last earnings call.  As chip shortages ease, supply will catch up with demand and CPS will return to profitability.
+
+This is a company that had positive operating cash flows up until 2019.
+
+In a normal functioning market for them, they were generating >$100m in FCF per year on roughly $3bn in revenues.  Market cap is currently around $80million….  $80… million.   That’s like 8 bungalows in Vancouver.
+
+If/when they survive the current disaster, they will return to even higher FCF based on all the useless assets they’ve sold off and operational efficiencies they’ve adjusted for to survive.
+
+Revenues are still above $2bn/yr, and will likely be over $2.5bn this year.  They were cash flow positive in March 2022.
+
+Q2 is looking bad, but losses could still improve compared to Q1 2022 and Q4 2021.  P/B is 0.33. Price to tangible book is ~1.  P/S is 0.03.  Theres no question this is cheap af, the question is if you would even buy this company for $0.  At this point, there isn’t a meaningful difference between the current price and $0 in my view.  If I wouldn’t buy at the current price, I likely wouldn’t buy the company if it were free either.
+
+Near term catalyst this year: If they are able to successfully refinance some of their debt through the recent Goldman Sachs hire, that alone will take bankruptcy off the table.  Getting approval on refinancing their debt will likely triple the stock almost immediately.  The market reacted to the Goldman Sachs hire thinking it was for restructuring, which is not the case.   Just look at the market’s reaction to when Revlon got approval for their recent loan.  4x almost instantly.  
+
+Management are highly incentivized to be shareholder friendly since a large portion of their comp is tied to ROIC and is SBC.   Not only that, they’ve been buying their own stock as of late. Despite having reduced incomes due to the companie’s poor performance, they are still buying their own stock.  Bullish.
+
+They recently sold a property in Germany for $50m, which was more than they expected to get for it, so hopefully their remaining high quality assets are more valuable than what they report them at.  Don’t count on that, but it would be nice.  
+
+
+CPS went bankrupt in 2008 because the auto manufacturers weren’t selling new cars.  Demand was low and since the auto manufacturers themselves were going bankrupt, they had no incentive to keep CPS alive.    Situation is completely different right now. 
+
+In my view, there is a reasonable chance this will be a 5-20 bagger, so the high downside risk is worth the gamble.
+
+Long term catalyst:  New car volumes expected to increase roughly 10% by 2025-2026.  Markets will get ahead of it though.   Once it becomes obvious that new car volumes will be going back up, markets will have already priced that in.
+
+
+
+Risk#1 CPS could go broke.  New car production volumes stay low for more than 3 years, chip shortages do not get better, they fail to refinance debt, and go bankrupt.  If things keep getting worse, or do not improve, by my estimations, bankruptcy could happen by mid-to-late 2024.  
+
+Risk#2: They are a takeover candidate.  Investors could get fucked if an activist investor or larger company comes in and buys the whole company for $10/share.
+
+Even though the stock is down 98% from the ath, it could go down another 98%
+
+The market cap is so small right now that the big smart money is not able to take a position, even if they want to.  If a turnaround starts to take shape, the market cap will begin to rise, and those funds will begin to pile in.  Since we are working with far less capital than them, we are fortunate enough to be able to own opportunities like this one. 
+
+Great company, ridiculously cheap price.
+
+
+- Great Hill Capital has taken a >2% stake in the company at ~$5 prices and they are deep deep value guys.
+- Towle owned it. Sold it some time in early 2022, but don’t be surprised if the next 13F shows a new position in CPS.  It’s possible it had to be made so small they didn’t have to report it too. 
+- DFV owned it the last time he showed his spread sheets(whatever that’s worth).
+- healthy amount of insider buying.
+
+Current price at time of writing: $4.99/share
+18 month price target $15.  
+48 month price target $75.
+
+This is not a liquidation play, as that scenario would likely lose me money.  
+
+This is not an exact science but, bets like this one don’t come around all that often.
+
+Additional DD:
+
+https://www.reddit.com/r/FWFBThinkTank/comments/u8vz8t/cooper_standard_holdings_deep_deep_deep_value/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
+
+https://youtube.com/watch?v=bjZVnLWIM8E&t=28m36s
+
+
+Obvious disclosure:
+
+I hold CPS
+So today I searched for "Apple net debt" i.e., total debt - cash & equivalents. The result on macrotrends suggest they have 14b excess cash. I then went to apples balance sheet and low and behold, they have roughly 120b in total debt & only 20b in cash - so net debt of 100b.
+
+I'm happy to look through the balance sheets myself but honestly just a quick google search is better - now I realised how easily the data can be wrong if you're not looking at the balance sheet itself. ....so basically what websites are free & good at providing this kind of data? I use financecharts.com but it's pretty limited. I use yahoo when I want to read the balance sheet. Any website where I can just search "net debt msft" and get a solid answer?
+I know I could recreate this sandwich (although I can’t make them taste as good) for $4 but that’s OK. Sometimes you just gotta reward yourself for how much stress you just survived. $9 in my belly is going to make me happier than $9 in my bank account.
+I bought a house with a section 8 tenant in one of the units. I inherited the old HAP contract and I misread a provision on it. I thought the hot water should be provided by the tenant, however that is actually my responsibility. My tenant has been away since before the sale happened and he came back to no hot water.
+
+I called the gas company to have them turn the meter on but they can't get it done for 5 days. I offered the tenant access to my shower (I'm owner-occupied) and I feel really bad about my mistake.
+
+Now the important question: can I get in trouble with Section 8 or the law for this?
+The 30B number in the title is wrong. It was 30B wiped from market cap not liquidated as far as we know.
+
+Over the last week and especially on Friday many companies: $BIDU, $IQ, $TME, $VIAC, $VIPS, $YY and many others faced lots of selling pressure from what is now being rumored to be forced liquidation of at least one highly leveraged hedge fund- Archegos Capital. Seems that they were trying to raise cash quickly last Friday to cover losses on highly leveraged trades and got margin called yesterday by GS forcing them to sell billions. Some estimates I've heard are over 10B sold across the board.
+
+Major $VIAC Trade Blocks (One transaction at over $1.8 Billion):
+
+https://preview.redd.it/4w3myqz2flp61.png?width=2964&format=png&auto=webp&s=f7c4c5d28dee2f8b7c4996df0602ce2cb3a621c2
+
+Major $IQ Trade Blocks:
+
+https://preview.redd.it/nv4buwj7flp61.png?width=2942&format=png&auto=webp&s=c7cc6c86be4cd7e3033d7881f904accc58a9ed88
+
+Major $VIPS Trade Blocks:
+
+https://preview.redd.it/zj0k945cflp61.png?width=2930&format=png&auto=webp&s=040b453effd12b13a2c5587a950130f5cac767c5
+
+Major $TME Trade Blocks (467 million trade volume on Friday, multiple $100M+ trade blocks):
+
+https://preview.redd.it/sl2x0jhjflp61.png?width=2936&format=png&auto=webp&s=59f3147f33f37a8d0788804a6bbc1b418abe30b6
+
+Edit: Major $DISCA Trade Blocks:
+
+https://preview.redd.it/91qmu9wmmlp61.png?width=2932&format=png&auto=webp&s=f27134916951a5b8b11d825d59a4debdcb9cffea
+
+IMO these companies are heavily over sold and could present great buying opportunities.
+
+Not Financial Advice
+
+​
+
+Edit2 Links credit u/emosg:
+
+[https://finance.yahoo.com/news/exclusive-tiger-cub-archegos-liquidation-015109185.html](https://finance.yahoo.com/news/exclusive-tiger-cub-archegos-liquidation-015109185.html)
+
+[https://www.bloomberg.com/news/articles/2021-03-27/goldman-sold-10-5-billion-of-stocks-in-block-trade-spree](https://www.bloomberg.com/news/articles/2021-03-27/goldman-sold-10-5-billion-of-stocks-in-block-trade-spree)
+
+Take this one with a grain of salt:
+
+[https://q.futunn.com/hk/feed/105956710943076?lang\_code=1&fbclid=IwAR0hN7v2L1WDmuE146A50u79P7pJ1qFOw0jVbKsE0odqwrP1yIGIe9lKOfc](https://q.futunn.com/hk/feed/105956710943076?lang_code=1&fbclid=IwAR0hN7v2L1WDmuE146A50u79P7pJ1qFOw0jVbKsE0odqwrP1yIGIe9lKOfc)
+
+Edit3: Bloomberg Posted saying that GS liquidated 10.5 Billion. Archegos Capital supposedly had 8B under management and Snow Lake capital (link above) had over 3B AUM then they could have also been liquidated.
+I wonder if it would (should?) mean anything for a staker if an crypto Dapp/token/project has any active efforts towards sustainability? I was looking into some projects I can stake in and recently found a [smart emissions dashboard project](https://www.investing.com/news/cryptocurrency-news/popcorn-network-chooses-patch-to-execute-carbonneutral-defi-2635191) (from Patch.io and Popcorn Network, to those interested) that aims to:
+
+1. Calculate the carbon emissions of smart contract transactions, and
+2. Give users the option to automatically contribute to climate change projects to offset for the transaction emission
+
+I’m not necessarily that focused on a project’s sustainability potential, but I do know that environmental impact is becoming a huge deal for some circles in the crypto space. I wonder if this is true when it comes to actual investments? Thanks.
+
+EDIT: if a crypto project, my apologies for the typo!
+Fellow shareholders,
+
+​
+
+I am a \[100% direct registered asshole\]([https://imgur.com/a/O6zfzSq](https://imgur.com/a/O6zfzSq)) who quests ongoingly to contact GameStop Investor Relations regarding a question I've had ever since taking a close look at the 6/9 election results.
+
+​
+
+I finally made it up to GameStop's headquarters in Grapevine, TX to personally deliver my notarized demand under oath this Tuesday.
+
+​
+
+Reception staff was friendly and professional. She said that GameStop doesn't have an on-site person who handles shareholder relations, but that she would forward my submission to the legal team. She noted that "we've been getting a lot of these lately", referring to my notarized demand, "and they all look the same". I asked how many "a lot" is -- about one a week, and I was the first one this week. So there are definitely apes beating down this path who are NOT TALKING ABOUT IT ON REDDIT.
+
+​
+
+My delivery starts a count of 5 business days that GameStop has to respond to my request for information. If they don't, I can escalate my concern to the Delaware Court of Chancery. They can compel GameStop either to furnish me with the requested information or to allow me to inspect their records to obtain it, as well as to make copies of it.
+
+​
+
+Unlike more polite apes, I don't give a fuck about taking my favorite company to court, so we may just all go on a little journey here, unless it costs a lot, in which case we might not.
+
+​
+
+You will know more when I do.
+
+​
+
+Here are links to the information pertinent to my request:
+
+​
+
+[https://codes.findlaw.com/de/title-8-corporations/de-code-sect-8-220.html](https://codes.findlaw.com/de/title-8-corporations/de-code-sect-8-220.html) Regarding the Delaware law to which GameStop Corp. is subject
+
+​
+
+[https://www.sec.gov/Archives/edgar/data/1326380/000132638017000012/ex321\_fifthamendbylaws.htm](https://www.sec.gov/Archives/edgar/data/1326380/000132638017000012/ex321_fifthamendbylaws.htm) GameStop Corp. Fifth Amended & Restated Bylaws
+
+​
+
+[https://news.gamestop.com/node/18956/html](https://news.gamestop.com/node/18956/html) 6/9 shareholder election results
+
+​
+
+Here is the letter I submitted to GameStop. I included a copy of my Computershare Portfolio Balance, which \*\*IS NECESSARY\*\* according to the Delaware law. I also had the letter notarized. It isn't clear to me that notarizing is necessary, just wanted to cover all bases.
+
+​
+
+\*\*Hello GameStop,\*\*
+
+​
+
+\*\*I am a registered record holder of 396.02 shares of Class A Common GameStop Corp. stock. My documentary evidence of beneficial ownership of the stock is the attached notarized Computershare Portfolio Balance, which is a true and correct copy of what it purports to be.\*\*
+
+​
+
+\*\*My petition is being served to GameStop Corp.'s principal place of business at 625 Westport Parkway, Grapevine, TX 76051.\*\*
+
+​
+
+\*\*I request to examine the GameStop Corp. stockholder ledger along with any books or records relating thereto, and to make copies or extracts therefrom.\*\*
+
+​
+
+\*\*I ALSO request to inspect all records and communications relating to the collection, tabulation, reconciliation, and/or adjustment of the vote totals released in GameStop Corp.'s 8-K on June 9 2021, and to make copies and extracts from any books and records relevant to same, consistent with my rights as a registered GameStop shareholder under Delaware law and under GameStop's own bylaws.\*\*
+
+​
+
+\*\*My purpose for requesting this information is to confirm that no mismanagement or wrongdoing has occurred by determining the source of a discrepancy which was reported to SEC in GameStop's 8-K on June 9 2021.\*\*
+
+​
+
+\*\*There is a difference in vote totals between the election of board member Larry Cheng (55,541,280) and all seven other elections (55,541,279). The discrepancy suggests the possibility of human error in manually adjusting the vote total.\*\*
+
+​
+
+\*\*My petition is based on Delaware Code Title 8, Section 220 (b) and on the Fifth Amended and Restated Bylaws of GameStop Corp. Article 2, Section 9.\*\*
+
+​
+
+\*\*Failure to comply with this request within five business days will result in an application to the Delaware Court of Chancery to compel GameStop's cooperation pursuant to Delaware Code Title 8, Section 220 (c).\*\*
+
+​
+
+\*\*Sincerely,\*\*
+
+​
+
+\*\*JASON\*\*
+
+​
+
+\*\*FUCKING\*\*
+
+​
+
+\*\*WATER\*\*
+
+​
+
+\*\*FALL.\*\*
+If you're a verified user on this sub, it means you have a fat stash. There are lots of wealth management philosophies about how to retain/grow that stash, using things like total market index funds, bonds, diversified real estate holdings, and so forth. But, what about risk? That is, true risk-taking with your capital. And I'm not talking about trading single stocks in the public markets or backing a crypto coin or sports gambling. I'm talking about using some portion of your cash for angel investments in small companies. Or, becoming an LP to a small venture fund. Or, self-financing your own next venture. And so forth. That is, putting your capital to work -- directly.
+
+It occurred to me after I hit my fatFI number that when you move from wealth creator to wealth manager, you also tend to move from a dynamic risk-and-reward outlook to a conservative retain-and-grow outlook. It's challenging to think about allocating capital toward risk, as there are only so many NW % slices to go around while retaining the conservative investment portfolio needed for a fatFIRE engine.
+
+So, are any of you taking any risks with your wealth? If you're pursuing risky ventures, are you doing it for philosophical reasons (pay it forward, economic dynamism) or pragmatic reasons (financial upside, boredom prevention)? And if so, what % of your net worth are you putting toward these gambits, and what kinds of gambits are they? Finally, are you considering them to have $0 value until a liquidity event materializes, treating them as a "bonus", or are they actually a core part of your wealth management approach? I'd love especially to hear from verified folks.
+Hi there, 
+
+I’m currently working for a FAANG with total compensation around 450K
+
+I’m expecting an offer from a unicorn startup but unsure how to evaluate the offer which will have a significant equity component. 
+
+On one extreme, I could disregard the stock options completely since the company is private and only look at the base. 
+
+Another way would be to do it based on their last round of fund raising. 
+
+Have you been in this position? How do you evaluate such offers?
+So I just finished watching The Wall Street Conspiracy and I decided I wanted to dig a bit deeper to understand how naked short selling works. I highly suggest you watch the documentary as I found it really helpful to understand how hedge funds attack companies to achieve the Bankruptcy Jackpot. Link [https://www.youtube.com/watch?v=Kpyhnmd-ZbU&ab\_channel=Alven1111](https://www.youtube.com/watch?v=Kpyhnmd-ZbU&ab_channel=Alven1111)
+
+While digging around I found this article from 2008 (I know it's a bit out of date) and it blew me away. I have highlighted a few segments which I found helpful but I suggest you go and read the whole thing as it does a great job of explaining how Citadel can get away with naked short selling using the NSCC and the CNS system and how they can hide FTD data.
+
+First things first. I don't write DD so smart apes please correct any mistakes I make as i'm learning as I go. I've pasted snippets that i highlighted as I read to keep the post a bit shorter but check the PDF document link if you want the whole article. I'm just going to make comments on what I found and hopefully smarter apes can run with it...
+
+**TLDR: READ THE ARTICLE. It's a quick read I promise. The FTD data is hidden deep in the CNS system and what is getting reported to the DTC is only the tip of the iceberg. I suspect FTD's are being cycled using Dark Pools due to the high amount of float being traded in them. The NSCC is allowing FTD's to remain open with no consequence to the short seller. Shorts are also using DTC brokerage share pools to cover.**
+
+https://preview.redd.it/264c5jl8bxu61.png?width=426&format=png&auto=webp&s=1d7a13aa7229d5fd4369d81f5280b056fd519e4f
+
+So we have known this for a while that Market Makers don't have to actually locate a share to borrow and there doesn't seem to be any real way to know what Bona-Fide activities are.
+
+​
+
+https://preview.redd.it/k2ysozilbxu61.png?width=398&format=png&auto=webp&s=d8786b8258fb0c0ee3bdf766dd9437ebcc76a5ea
+
+https://preview.redd.it/q5wwe9fecxu61.png?width=385&format=png&auto=webp&s=3f6e7b9b06fe8260a5eecb8b6eeb4875616a0801
+
+So 52% FTD in 2003 and they were only forced to buy in 0.12% of the time (remember this number). Wtf is happening here. Also god knows how much worse this has gotten 17 years later. I don't know much about options but I remember Melvin had a huge Put position on GME.
+
+​
+
+[I believe the T+3 is out of date and it's now T+2](https://preview.redd.it/fjhow3lkcxu61.png?width=733&format=png&auto=webp&s=8db102a7ad5b736e054ac0bb8ae626357b02eabc)
+
+​
+
+https://preview.redd.it/8qqb1stncxu61.png?width=372&format=png&auto=webp&s=f2b549715172fc8f41d0d9c46f5a463a15cd5eb9
+
+Ok so here's where it gets a bit funky. The DTC just has a number of shares that your brokerage is entitled to on record. They don't know who owns the shares, that's the broker's job to keep track of.
+
+So Citadel spends all day fucking about with shorts and what not and at the end of the day, as long as the net position is 0, the NSCC is happy! But if you can't net 0 then you will be hit with a FTD. Which is really bad...except it doesn't matter unless the long side of the trade requests a buy in. If they don't, GREAT! Just put it over there with the rest of the FTD's. But when your trading amongst your buddies, are you really going to rat on them to the NSCC?
+
+But fear not because the DTC has a cool little feature where you can borrow stock from the SBP to cover your FTD! It's easy really. The DTC says fuck me there's a huge pile of shares her allocated to this brokerage who are part of the SBP. Just take a few of those, we don't even know who really owns them to be honest. Congratulations! You just used 1 credit card to pay for another credit card and cleared your FTD. (These are the ones we actually get data on BTW)
+
+​
+
+https://preview.redd.it/p4f2a5ckhxu61.png?width=723&format=png&auto=webp&s=a6e7e1aaccc58ea8e3ecee74733b2d7a9a603361
+
+Ok ok I was getting worried but the DTC is all over this shit and will DEMAND you buy in to fix your FTD's. And this will happen 0.12% of the time, every time!
+
+The latter 2 examples are Exhibits 3C & 3D. So basically your broker has a pool of shares sitting at the DTC which are available to lend and can't tell you if your specific share has been lent. And if it is lent out, there is no limit to how many times it can be lent over and over again. Going back to u/atobitt Everything Short DD, re-hypothecation can be done again and again. The worst part....Citadel doesn't even need to locate a borrow to start this whole chain reaction.
+
+And if they do this ex clearing or intra broker, they end up net 0 at the end of the day and no FTD's are recorded. What was the dark pool trade data for GME again? 400% of the float or something?
+
+​
+
+https://preview.redd.it/6h8hncncrxu61.png?width=702&format=png&auto=webp&s=afd75eb6663121aa86b70488ca930d6cc026a6ab
+
+https://preview.redd.it/w7889qxbjxu61.png?width=723&format=png&auto=webp&s=56e5b26a737121adb05753c0858df40cbb4823f8
+
+​
+
+https://preview.redd.it/fyk4rjhelxu61.png?width=732&format=png&auto=webp&s=8d54aff4d121c4d45ef8c47cdbcee4e6389185dc
+
+The left part is relevant to the upcoming shareholder meeting. it speaks for itself but luckily it's a simple system...just throw away the extras you don't need.
+
+The right side....Holy shit! The CNS settles 96% of all trades! And if your net 0 for the day, The DTC couldn't give 2 fucks what your doing. They don't even seem to care about the FTD's in the CNS system because unless the member requests a buy in, they don't even want to know about it. How the hell does a company with 1M shares have 27M FTD's??????
+
+​
+
+https://preview.redd.it/hkb0qpubnxu61.png?width=738&format=png&auto=webp&s=eed9340db0b79a4f2c42b0fd1f441a697a2fb532
+
+Ok last bit. The DTC doesn't know what the fuck is going on as it only gets the daily net report from the NSCC. The brokers and market makers trading in the dark pools are the ONLY ones who know how fucked they are at the end of the day and why would they tell anyone. I see a couple of familiar names in there as well who got in trouble for failing to mark orders correctly as long or short.
+
+The worst part about this whole thing is that the big boys are fucking around in their bedroom while the Daddy SEC just wants to read the morning Rensole news and drink their coffee in peace. We are like the neighbours banging on the door complaining about the noise and no one is answering. I think we just kick in the door at this point.
+
+Link to full article
+
+[https://csbweb01.uncw.edu/people/moffettc/about/Research%20Papers/IIJ-JOT-BROOKS.pdf](https://csbweb01.uncw.edu/people/moffettc/about/Research%20Papers/IIJ-JOT-BROOKS.pdf)
+
+As usual, the real DD will be in the comments so please discuss, correct and criticise!
+
+*Edit: Thanks for the awards guys. No sure what they do but i'll show my wife and hope she's impressed. I have to go to bed now (2am here) but please post any questions and i'll try and respond tomorrow. 🚀*
+
+Edit 2: I’ve had a few questions about Rule 204 so I’ll address it here. I don’t want to write the response here as it’s too long. https://imgur.com/gallery/MmmIkaK
+I'm sure that many iterations of this questions have been asked, but I was hoping to bring a bit more engagement from OP than previous threads have had.
+
+Generally speaking, if you pick an area like NYC, Bay Area, Seattle, Vancouver, you will be extremely fortunate to break even in your cash flows, STR or LTR. If you pick somewhere like the flyover parts of the Midwest, you will heavily cash flow at a 20%+ ROI for a LTR. I wouldn't try STRs there.
+
+The sweetspot seems to be some area that is undervalued but is on the cusp of a boom. e.g. Austin, Texas 10 years ago. Obviously this is incredibly difficult to predict, but what I am looking for in this thread is good discussion around why investors see various areas as indicative of high future growth.
+
+My personal experience has led me to believe that Phoenix is an excellent area for STR investing. Though there aren't many traditional attractions in the area, it consistently gets quite a bit of tourist and business traffic. From a building perspective, due to how dry it is in the high desert, issues of long-term moisture buildup and rot are of much lower concern than temperate climates. Granted, I do not own or operate any properties in this area, so I can't speak to it from a place of much experience.
+
+Places like Austin, Texas are generally considered to be overbought, and if you purchased now, you'd be overpaying for what you get. However, perhaps there is still a play in San Antonio or somewhere northwest of Austin along the colorado river.
+
+So: Where do you think are the hottest areas for growth where that growth is not yet fully priced in?
+Hello,  this question is directed at full time traders of all ages/experience levels. I am a profitable trader but only part time and I'm wondering how life would look as a full time trader.
+
+What timeframe do you trade and how often are you on the screen?  What does the rest of your day look like?
+
+Do you trade and travel or just stay at home? 
+
+Do you get lonely/bored or feel disconnected without a "normal" job? 
+
+After consistent profitability over many months do you still find it fullfilling?
+
+Do you have any other projects or just focus on the trading? 
+
+Any regrets at all? Any negatives from being a trader (perceptions from friends/fam/dating etc)? 
+
+And ofc what are the good parts of being a full time trader? 
+
+So yeah im just trying to gauge whether full time trading is for me or to continue alongside my career. I'm undecided atm and would appreciate hearing about people's experiences.
+Context: My wife recently finished grad school and started her first full-time job in public education. Knowing that public schools offer 403(b)s, I was excited for us to be able to add another tax-deferred retirement account to our investments since I already max out my own 401(k) and IRA. I knew 403(b)s were basically equivalent to 401(k)s, and I was assuming the sign-up process would be just about the same as a regular 401(k): HR would give her the info to set up a 403(b) account with the school district's chosen vendor and we'd be able to go in and set the contribution amount/investments on our own time. Turns out, that's not how it works at all...
+
+What actually happened: A few weeks into the job, she gets an email titled "Your Retirement Benefits" from a person at Equitable Advisors who introduces themselves as the "school district's retirement benefits representative" who says they "have been meeting with the new staff at your district to discuss their retirement benefits" and asking to set up a meeting. Thinking this is the person who was chosen by the school to administer/help set up her 403(b), my wife sets up the call. On the call, the "representative" gives a brief spiel about the benefits of saving extra money for retirement, then asks my wife a bunch of questions to fill out the account application (address/ssn, how much per paycheck she wants to contribute, etc), and then emails her the filled-out application to add her signature. My wife forwards the application to me before signing and I notice the email says "your signature as the ANNUITANT is needed" which I found a little weird, so I do some digging and find out they're actually trying to put her into a "variable annuity" with some terrible fees. 
+
+[Look at how bad this thing is!](https://www.403bcompare.com/products/153#/fees)
+The account charges an annual fee of 1.2% of the balance, and the average expense ratio of the funds is 1%, so you're losing 2+% off the bat. Not only that, but the account has "surrender fees" meaning even if you want to roll your money out of it to another 403(b) or IRA you pay 5% of anything you put in in the prior 6 years. None of this was mentioned on the call my wife had, nor was there any explanation that this was a variable annuity product instead of a regular investment account.
+
+Then I found out the New York Times actually did a [whole series on how bad the 403b industry is](https://www.nytimes.com/2016/11/06/your-money/403b-retirement-plans.html) back in 2016. Basically, salespeople from life insurance companies are allowed to stalk around newly hired public school employees and try to suck them into fee-heavy, overly complex annuity products that they don't actually need for their 403(b)s.
+
+After reading more about 403(b)s, I found out schools usually actually have several vendors which are approved to administer accounts. I asked my wife if she could email HR at her school district for a full list of the vendors and who to contact at each, and they returned with about 5 options including Equitable. I don't know why my wife wasn't given this information to start with from the district, but now that we had it, we emailed each one with a list of questions including what fees they charge, what funds are available, and whether they had regular investment accounts or only annuity products. One (Lincoln Financial) didn't respond, two (Metlife and AIG Valic) came back with variable annuity products that were basically identical to Equitable, and only one said they had a non-annuity account that acted like a typical 401(k) - Ameriprise Financial. The fund options in the Ameriprise plan are still all mutual funds with high (~1%) expense ratios and no index funds but at least it's better than what we almost ended up with. 
+
+Obviously even with high fees, a tax-sheltered account is better than taxable and you're still saving money for retirement, but it's truly a shame that these life insurance companies are taking advantage of public school employees and siphoning off unnecessary fees from their retirement savings that can add up to huge amounts over time, just because they can. The reason I'm making this post is mainly as a PSA - if you're presented with a 403(b), make sure you get a full picture of fees and all of your options before committing to a particular vendor. Vanguard and Fidelity offer 403(b)s that are fair and respectable, but they are rarely available as options in school districts. Most of us on this sub have 401(k)s and the standard knowledge is 403(b)s are identical/interchangeable - even though that's true from the IRS's standpoint, it's not true from the "user experience" standpoint so be careful.
+
+EDIT: Thanks everyone for sharing your own insights/experiences! Here are a few common themes that have come up:
+- This problem seems to be fairly widespread in the K-12 space and less so in the college/health/other non-profit space
+- Many school districts do have better options but you have to actively seek them out (vanguard, fidelity, lincoln financial PDP) because they don't have salespeople coming in and the district doesn't always tell you they're available
+- "There are bad 401(k)s too": Very true, but as the NY Times series describes these issues with life insurance sales reps duping unsuspecting new hires into horrible annuity plans when they have other options is specific to the world of 403(b)s
+* Yellen again reiterates that the focus now is not on tax increases, but rather on relief programs tied to the pandemic.
+* Yellen says that technologies in **terrorist financing** change over time, and response also needs to change with it. She noted crypotcurrency as an area of concern for terrorist and criminal financing.
+* “I believe the future is likely to bring **low interest rates for a long time**,” she said, adding it is possible for rates to rise.
+* “I think we should take these risks very,very seriously. I think **climate change is an existential threat**.”
+* “I would be very pleased to take a look” at **issuing longer-term debt**, including a **50-year Treasury bond**, she says.
+* **Yellen goes on the offensive here over the question of the minimum wage**, saying the latest research shows only “minimal” job losses in states that raised their minimum wage levels.
+*  Grassley said he’s “closely examining” Biden’s $1.9 trillion stimulus plan. He says the plan doesn’t appear to be well targeted and says it’s **important to “focus efforts” on pandemic relief and not enact a “laundry list” of liberal reforms.**
+* This appears to be a stab at the plans inclusion of a $15 federal minimum wage in the plan.
+* She says there would be money for small business, grants to small entrepreneurs, eviction protections, nutrition assistance, paid leave -- all things to help minority communities.
+* To **not spend more on pandemic and economic relief would leave the economy worse off**, she said. She said without deficit financing this aid, the economy could have long run problems and “scarring.”
+* She says she is concerned that China is investing in electric vehicles and that most of the EV sales are projected to be in China in the coming years.
+* Yellen says that they would not seek to roll back the 2017 tax cuts “now” while the economy is still struggling.
+* Yellen says **the value of the dollar should be determined by markets, and the U.S. does not seek a weaker currency to gain a competitive advantage.**
+*  Some hedge funds have “dangerous levels of leverage,” Yellen says. 
+* Grassley says he’s told Yellen that **it would be a “big mistake” to raise taxes on individuals and businesses during a pandemic.**
+
+These are the most outstanding things that came to me for investing.
+
+***TL;DR MORE STIMULUS, MORE GREEN INVESTMENTS AND POLICIES AND COMPETING WITH CHINA, UPCOMING CRYPTO POLICIES, TAX CUTS ARE HERE TO STAY FOR THE PANDEMIC.***
+
+GOOD LUCK IN INVESTING. I HOPE YOUR AND MINE GREEN INVESTMENTS MOON!
+I’m sure SHFs have been working with market psychologists and statisticians for weeks/months to predict the effect of dropping the price as substantially as they have today on the most anticipated hype day of all time. They have probably calculated the average number of paperhands that will occur at certain price points today so that they can turn around and use those paper handed shares to fund the splividends that many brokers are saying will take place on July 25th or up to 6 days after. 
+
+If you think it’s a coincidence that there are so many brokers delaying the application of the spliv, remember there are no coincidences in this fuckery. Don’t be the ape to sell and provide brokers the liquidity needed to fund your fellow apes’ splividends. 
+
+If you were lucky enough to get your splivy shares already, Hodl onto those shares with your life, and heck maybe DRS them if you can. Of course, these are just my own dumb ape thoughts and this is not intended to be financial advice. You do what you want with your investment, but it’s good to peel back the curtain to see the psychological warfare that is on the table today.
+This is a discussion forum, not a circlejerk. If you post a strategy that I don’t like or a trade suggestion that doesn’t work out I have the right to call you out on it. There’s more than one way of looking at these markets so everyone benefits from a different perspective.
+ 
+
+A new covid-19 variant has been discovered, originated from South Africa with mutations to the spike protein that helps it enter human cells (source - BBC). Will the vaccines be able to combat it effectively? What restrictions are going to be placed?
+
+From this uncertainty a possible market correction could take place in the UK, but US market especially as it has grown a tremendous amount. How will you be playing this one out?
+
+For me I've:
+
+\- Bought Ocado Group and Zoom as I believe it will have another run up similar to the when covid first broke out but on a smaller scale due to precautions such as vaccines. Not a long term play. Ocado group in case of a possible lock down.
+
+\- Short Boeing due to paused travel too and from countries and I think these restrictions could spread to other countries.
+
+Let me know your thoughts.
+Look at this post by one of the shareholders:
+
+[https://hotcopper.com.au/attachments/rac-bisantrene-synthesis-pdf.2961879/?filename=RAC-Bisantrene+Synthesis.pdf](https://hotcopper.com.au/attachments/rac-bisantrene-synthesis-pdf.2961879/?filename=RAC-Bisantrene+Synthesis.pdf)
+
+Inside the PDF (54 pages) has everything you need to know about RAC's drug Bisantrene. Even if you don't agree with the valuations or are perhaps skeptical that these people are upramping and echo chambering their stock, there is no denying that there is an outstanding amount of effort and DD in this. It is a very compelling summary of what has been discussed and researched so far by their most passionate shareholders. Has links to all research and provides an eloquent commentary throughout.
+After the news regarding DRS'ing IRA shares with Ally/Apex as custodian, I decided to take my GME shares out of my IRA as a distribution.  The shares were moved to my Individual account at Ally Invest on Wednesday and I submitted a letter of instruction to DRS.  I just got the same email from Ally, Apex is no longer DRSing shares to Computershare.  After a quick ~~chat~~ phone conversation, an Ally Invest CSR confirmed this is for all shares, not just custodian ones.
+
+I already submitted an ACATS request to move the shares back to Fidelity.
+Hey all. So I've been trading for about 4 years, trading full time now for 2. I do trade options sometimes but most of the time on I trade futures e mini and micros. This year I'm on pace to make about 80k which is about 85% of what my salary was when I quit my job to trade.
+
+I run a YouTube channel where I create content and trade live some days a week. I have found that this accelerates my growth as a trader because to be able to teach something you have to understand it very well from alot of different angles. 
+
+When I'm making content that I don't see anyone else making I have to really think creatively about how to approach it so that my subs can have those aha.moments that i have had.
+
+The turn in my trading came maybe 8-10 months ago I had been struggling mightly with strategy hopping I had a great ending to 2021 I was on 🔥 for months and really pushing my size thought I had made it finally. 
+
+Sadly it didn't last, my brother was murdered in his place of business in early November. Leaving behind a wife and 4 children.
+
+ It didn't immediately effect my trading because I didn't want to deal with it right away, but by mid December I had fallen apart emotionally i was angry, unfocused,and punishing myself in the markets everyday and that lasted for about 4 months until I actually was forced to take a break because I had about enough money left for about 6 months of bills if I quit now and put it all in the bank.
+
+So I split it in half and I paid my bills for the next 3 months and I gave myself 2 months with half of my money to make a comeback or I'd be making a comeback back at work.
+
+Well long story short I made the comeback👊🏽BOOM! I focused and pulled myself back from the brink. In the next 3 months I had made another 4-5 months of living expenses on top of doubling what I had. 
+
+What helped me was just one thing. No matter what strategy I decided to use that day I didn't lose more than a certain dollar amount on each trade. No matter what.
+
+Id trade using everything .vwap, Bollinger bands, moving averages VSA,nake price action trendlines(my fav) and no matter what used the risk management was top of mine because I couldn't lose this money.
+
+So that led me to the conclusion that it's not your strategy, that's keeping you from being profitable it is your risk management.. you can be profitable with any freaking strategy on the planet and there are many.
+
+So I've started a series on my channel it's called everything works but nothing works.
+
+It's about three episodes in and it's basically where all I do is control my risk management and I think of these cockamami strategies to test it out on to show people that you can be a winning trader if all you do is control your risk
+
+So I'm asking everyone to give me a strategy in five sentences or less I hope to build this series out to around 50 different strategies to make my point.
+
+ I don't talk about lambos I don't live in a mansion but I am a trader that gave up a job and a commute and boss and office politics ane someone else controlling my time I put in hours of work to learn this, and now I teach it to the best of my ability, and I've also pulled myself back from the brink. 
+
+Alright most traders are hateful bitches LOL so bring on the hate.  Lol just kidding. Bring on the strategies.
+
+Edit: when I wanted to quit I have my boss notice, (1 month) he said I treat you well I pay you well you probably won't succeed at that. 
+
+I said thanks but you treat me well because I make you a lot of money, you pay me thousands I make you millions soooo..I'd treat that person well too.
+
+But he said it with disdain like I was some kind of.animal he kept In a stable. Like what's wrong with this horse I'm taking care of ahahah.
+
+So he talked me into giving him 4 months notice I planned my bills around having and extra 3 months of paychecks and a month later he called me in and said well you can go ahead and leave now.i don't need you anymore and I was like okay but we've planned for 4 months and I've planned for that income, he said NOT MY PROBLEM. Haha so he wanted me to leave when. It would screw me the most and not effect him at all. Real piece of work that guy.
+I have just looked at my renewal for my energy tariff form my supplier. If I go onto their best tariff it will increase to £5300 a year !!
+
+Obviously I will wait for the price cap and April. I was vaguely aware of energy prices but hadn't understood how much they are going to rise by!
+
+We have a current spend of £2.3k a year. I have done all the home insulation stuff. We have a large family.
+
+Everyone can wear jumpers for the rest of the winter!.
+NAB revising their predictions of house prices for full year 2022 to end of 2023:
+
+Sydney -22.2%
+
+Melbourne -21.8%
+
+Brisbane -8.8%
+
+Adelaide -7.3%
+
+Perth -11.4%
+
+Hobart -18.2%
+
+​
+
+And this is coming from a company whose business model is to pedal more debt to keen homebuyers.
+
+Some on the ground would argue that Sydney house prices are already down by more than 8.8% this year but this isn't reflected in corelogic yet given settlement lags.
+
+Watch out below.
+
+https://preview.redd.it/ewq040ipxu891.png?width=445&format=png&auto=webp&s=e967cf1ec67bd6eac15b015e9d09594a15f3248a
+I work as web developer for a place in Utah (15/hour. Just not many hours). It is remote so I can work from anywhere. It is part-time at the moment. What should I do before I can move out? I would rent something in the $400 - $500 range. I figure I may have to get a secondary job.. I am not in college.
+
+I have ~2K in savings.
+Anyone else betting big on the Model 3? I (M/30) currently have about $175k in my 401k brokerage account that I just freed up and am going to go all in on TSLA. I'm also buying 240, 245, and 250 April 8 calls totaling another $25k. This represents about 90% of my retirement savings and about 50% of my cash on hand right now.  
+  
+What do you guys think? Did I make a bad move?  
+  
+Edit: Alright, you convinced me about the options portion being a bad move. I ended up putting in sell orders at the prices I needed for 50% profit and they all filled by the end of the day. I left some money on the able with the 240's and 250's though...  
+  
+Edit 2: Those options would now be up 156% for a $38k profit.  
+  
+Edit 3: http://i.imgur.com/UK4B0st.jpg
+
+
+The following is my summary of Cathie Wood’s thoughts on recent market volatility, as presented in her latest video on the Ark Invest YouTube channel (\~42 min) – I strongly recommend you check it out.
+
+The minimum expected rate of return for a stock to enter an ark portfolio is 15% CAGR. Cathie contends that she sees the recent volatility as a gift to gain alpha over the intended 15% return in many of her high conviction names.
+
+She mentions that at Ark, they have a five year time horizon, and it is counter productive to compare its performance with a benchmark (like the s&p) over a shorter period. She further adds that many stocks in traditional indices today are a potential value trap, and that ark etfs “are a good hedge against broad based benchmarks.”
+
+She reiterates that “we are not in a bubble” – and that the seeds of their 5 innovation platforms were planted in the dot com bubble, and are now ready for prime time, in a period of reality. Fear of a bubble likely stems from benchmark sensitivity and backward looking institutional investors. Furthermore, intuitions should be worried about their own strategies as “creative disruption will impact nearly 50% of the s&p500”.
+
+To Cathie, interest rates going up suggest that ‘real growth is going to pick up’ – and that she understands the concern over her own stock picks potentially underperforming as a result. However, she believes that that the market has assumed that interest rates will stabilize at a 4 to 5% range - which inversed (1/4 or 1/5) gives a normalized p/e of 20 or 25; so markets didn’t actually misprice assets to begin with. She thinks that nominal growth however, will not be at 4 to 5%, but instead around 2-3%, which can lead to greater valuation support for companies that can grow more rapidly.
+
+Rotation from growth to value was also expected on her part. She repeats that value will face massive headwinds going forward. Energy and financial stocks have done amazing in the past month - which is a good thing as the bull market is broadening out unlike the dot com bubble, where ‘too much capital chased too few opportunities, too soon’. Energy and financial sectors booming will likely be short lived as they are both ripe for massive disruption.
+It's surprising to see so many people speaking about the market considering they opened their accounts very recently. I'm not saying you can't express your opinion, that's what we're here for, it just gets a little annoying when people freak about the market. Settle down, you're an investor, not a gambler. Take your ass to r/wallstreetbets for that. I'm in it for the long term, decades. (Mid thirties) Been investing since high school, started in 2004
+edit: i didn't expect this to get so much attention! thank you for the rewards and all the great advice in the comments. it feels so good to know i have money for food now. we all deserve food security!
+2 kids under 3.  Partner and I have somewhat high paying jobs (W2 ~700k) where we can’t really take time off to deal with sick kids every other week without killing our career prospects.  MIL is currently staying with us to do that, but she is leaving soon.  We need an option we can call up who will pick up the kids, take them to the doctor if needed, and keep them reasonably happy until the end of the day until they’re better.  We don’t want to go full nanny because we want the kids to get social interaction.
+
+What are high powered people doing with their sick kids?  I searched on /r/parenting et al and a lot of nannies just refuse to take care of sick ones.  We theoretically have Bright Horizons backup care via work but they cancel 75% of the time.  Seems like it’s a job only family will sign up for, at any income level.  I would probably pay $100/hr for this.
+
+Also, just want to be clear we’re both home by dinner every day so we’re not looking to offload raising our kids, just smooth out the bumps.
+I'm 39M London, UK based, came to the UK in my early 20s for studies. I come from a well off family in SoEurope with a few properties, but nothing extreme; you could live in my country of origin from that income but would have a very basic life. 
+
+Studied CS and worked for peanuts for a few years around London (didn't know any better) until I changed to a niche management consulting career and became a contractor the last 5 years. I bought a 1m flat in London (mortgage), and I've inherited 2 properties that gross around £50k pa each valued around £400k. I was grossing £200k pa from my contract, until I've got another client on who gives me another £120k pa more or less. My spouse and I live relatively frugally, meaning that we don't cheap put on things we need, but don't buy things we don't need, and can get by with basic things whenever we can. 
+
+So all in all, I'm not super wealthy, but doing much better that the average Joe in London, but I don't see fatFIRE anywhere in the horizon. It just seems like an endless grind in jobs that I can't say I love and I find them mundane, but can do them easily and well, because of my experience and attitude. 
+
+It feels like I'm doing something wrong, and even with a good basis of income and assets, it's not enough to keep increasing my NW (or rather I do but very very slowlly) Apologies if this isn't a relative question to the sub, I thought I might get some decent answers though from the collective experience.
+I'm new to this DD thing, I came into this GME saga barely knowing what the fuck was going on, so please bare with me.
+
+You may have seen my post about [801 and the NSCC-002](https://www.reddit.com/r/Superstonk/comments/n5idj9/801_and_nscc002/) the other day mentioned in the Daily, or my update on the [NSCC-002](https://www.reddit.com/r/Superstonk/comments/n6zgng/nsc002_delayed_for_longer_period_of_comment_and/) filing being postponed until June 21st.
+
+I'm going to make this as easy for apes to understand, and will be active in the comments section to inevitably fill in the gaps I am going to leave.
+
+# GME Is Not Being Held Down By Kenny G Right Now
+
+I know, we love the Kenny G memes, but in my mind it's not true. 
+
+A lot of speculation has gone on in other DDs about why this is, so I'll defer to [the masterpieces](https://www.reddit.com/r/Superstonk/comments/mkvgew/why_are_we_trading_sideways_why_is_the_borrow/) of DD. 
+
+From my personal knowledge of Wall Street, their past actions, and the delayed filings and joke of a hearing, it seems to me that Blackrock, the SEC, the DTC, FINRA, and Citadel are all working together to sort out this shit show for THEM. Most likely Citadel is working with the SEC and others to allow them to move assets, secure positions, and get things in the best possible shape for THEM before unwinding. In exchange, they may get lower fines, or immunity altogether from the DoJ when this comes to a head.
+
+The volume is low, apes are holding and buying here and there, and Blackrock/Market Makers are more or less the only ones moving GME, along with general trading Algos that may pick up on GME. Shorts may be borrowed by Blackrock or others to keep the price steady and closed (legitimately) by the end of the day.
+
+We have to truly understand that we ARE in a completely fradulent system. 
+
+# So What's Next, NSCC-002 is delayed?
+
+It is becoming increasingly clear to me that all players from the financial industry side are playing for themselves. They are working on making sure the exposure is as limited as possible (or perhaps as profitable as possible) and contained. It is a known fact Citadel will go under, how do they go from there and how do they benefit and do their jobs the best. 
+
+If we rule out that the SEC will do anything for investors, we can begin to see 2 timelines form. The apes and papa Cohen, and the lifting of the brakes from the DTC/SEC.
+
+# Papa Cohen Takes Over
+
+One way that the MOASS can start is by forcing the financial regulatory agencies to hop out of the car entirely. This can only be done with a large investor base and coordinated plays. The shareholder meeting on 6/9 seems to be that. If 1.) The total votes received exceeds the float count then it is clear and impervious evidence that naked shorting exists. Once that is established 2.) A reverse merger or a stock split can force the shorts to cover. There is a lot of reasons why a stock split causes this, but essentially your 10 shares may become 20, may become 30, may become 50; and this is the same for Shorts. Their 200 million shorts may become 1 billion... and that will most certainly force a margin call from a financial perspective. These shares will have to be returned as well, and FTDs in a stock split are deadly, lethal, and will have immediate effect. 
+
+If a split is announced at 6/9, we would need effectively 0 regulations to pass for MOASS to start, and they would be FUCKED.
+
+# Cohen forgoes split, SEC/DTC wait for Regulations
+
+This is the other way MOASS may happen, with the DD already being everywhere I won't harp on it. 
+
+Essentially, we wait for OCC-003 and OCC-004 (I think, numbers are hard for ape) and DTC-005 to pass, this insulates the crash, allows other members to keep their crash, and fucks citadel with the entire girth of ape cock. They would then be incentivized to release the brake, allow buying pressure to come back through the regular exchanges, and perhaps whales will feel comfortable hopping in as well.
+
+​
+
+All in all, we are looking at another month or so of hodling, no target dates. Vote and Hodl. Always.
+
+​
+
+# TL;DR: Papa Cohen has a chance to say fuck the SEC/DTC and start the rocket on his own, minimum date for that happening is the shareholder meeting. Otherwise we vote and hodl until OCC-003, 004 and DTC-005 are put into place. The system is fraudulent, Kenny G is not shorting, they're just letting the chess timer hit 0 before accepting loss.
+I wouldn't be saying this if this was a shitcoin. Or a memecoin. Or a coin with no use-case. Because $BOG is simply none of the above.
+
+I won't tire you with all the tech talk and specifics but essentially everything that they are developing is centred around [BogTools](https://bogtools.io/). It's a BSC protocol which provided oracles. These oracles are fully decentralised and work on-chain, and every time someone buys or sells the native token $BOG, it triggers the oracles to execute the code in their smart contracts. This means they can be used in a number of ways:
+
+* **DEX Limit Order Trading**: Being able to set a certain price for your BSC buy or sell order to execute and set "Take Profit" or "Stop Loss" -\*orders for any BSC coin on a decentralised exchange like PancakeSwap, not aware of anyone doing this on BSC right now. This will be available April 2nd!
+* [BogRNG](https://docs.bogtools.io/getting-random-numbers): The way this works can get confusing, but it's essentially a random number generator which developers can use to build on-chain casinos, lotteries and games that need randomness.
+* **BogCharts**: Using the oracles to get price data, the devs have already launched a [beta](https://www.reddit.com/submit#price) version of this for the BOG/USD pair and are aiming to create a free-to-use chart service for any and all BSC coins that displays truly live prices.
+* **NFT Marketplace**: Yep, they're also doing NFTs. Their goal is to try to integrate 	their NFT marketplace with the oracles and use them to execute contracts allowing for the NFTs to have a use and to be gamified rather than just having speculative value.
+* [BogARG](https://bogged.finance/): Alternate Reality Game. More on gamification, the devs have made the trading and staking of BOG into a game called Bogged. Every time you sell BOG your wallet gets stained with a shame token, $NGMI (Never Gonna Make It) which is permanent, as in it cannot be traded. This will bring the holder in a disadvantageous positions in further phases of the ARG.
+
+You can find the tokenomics and the rest of the details and facts either on [BogTools](https://bogtools.io/) or on the ARG website [bogged.finance](https://bogged.finance/), I just want to make a reference to the market cap at the time of writing to compare with other projects.
+
+So the native token, $BOG's **market cap** is currently just above **$20M, and a circulating supply of \~2,390,000 BOG**. In terms of competitors, I guess Berry Data can still be considered BOG's competitor. However, when one takes into account that BOG has released more fully functioning oracle products in 2 weeks of life than BRY has in over 6 months, not to mention that yesterday BOG surpassed BRY's market cap and then some easily, you'd start to think that BOG doesn't really have any competitive challengers on BSC.  Comparisons can be made with ChainLink as well, however the fact that ChainLink is running on the ETH network makes using their services several times more expensive than using BOG's oracles, with BogTools having a much more ease-of-use approach to the whole ecosystem. ChainLink obviously has the backing of institutional money at this point, but that is irrelevant to the quality of the product itself.
+
+Lastly, I'd say it's laughable at the very least seeing that people still call this a "Meme/shitcoin". It is crystal clear at this point that the momentum that the project gathered early on by using the Bogdanoff memes was a genius way of getting people's attention focused on a project that actually has a useable product to offer, unlike 90% of the BSC scene right now. Yeah, I bought for the memes, but that's because at the time BogTools did not yet have a product roadmap. The developers have managed to create an ecosystem of useable products, filling the huge technological gaps that BSC has being such a new network, while at the same time integrating the native currency as the thing that fuels the whole project, increasing its value simultaneously as the project moves forward.
+
+When other shitcoins that typically flood these type of subreddits reach market caps of $100-500M, trust me, it’s early.
+[https://www.cnbc.com/2018/07/06/nonfarm-payrolls-june.html](https://www.cnbc.com/2018/07/06/nonfarm-payrolls-june.html)
+
+Not sure how there are more jobs but also an increase in unemployment...
+If anyone went to an auction today I’d be interested to hear how it went.
+
+I went to an unrenovated 3 bedroom, 1 bathroom, 1 garage villa in Denistone East. I’d say there was about 7 different groups of people. Auction started, no bids. Vendor made a bid at $1.22m. Then a few mins later it was passed in with no more bids.
+
+The agent only went to speak with one elderly couple afterwards, which made me wonder if they were the ones registered.
+
+This would have to be the quickest auction I’ve been to.
+I’m trying to understand how many actual fiat $ (or other currency) has gone into the crypto markets. People often mention the overall market cap (currently >$700B) but that’s a very theoretical way of looking at value. 
+
+To take a more practical view, if I zoom out the order book on GDAX, I can see ETH could be brought down to $350 with just $60M of sales. At that point it’s market cap would be $32B, thus eliminating $90B of market cap (down from $120B). 
+
+So my questions are:
+
+1) Why the focus on market cap, isn’t there a better metric?
+2) How can we calculate actual invested fiat in each crypto market and overall?
+Another year.. and another episode of Solana going down.
+
+Today it went down for a few hours in the early morning Asia time, and it took almost 4 hours to bring it back up.
+
+The Solana community blames it on a DDOS attack. Lol
+
+[Solana down. ](https://preview.redd.it/5xnds1jz9m981.jpg?width=1292&format=pjpg&auto=webp&s=98c0a705d5bb19abebf46aeabed847a9d26c206a)
+
+As the meme goes, the D in Solana stands for decentralisation.
+
+A network that goes down this often will never be able to attract serious traders.
+
+Imagine you are trading on margin and get liquidated because the network was down.. this happens in centralised exchanges. Solana now natively brings this kind of user experience to the blockchain where you can experience network failure on the chain. What a wonderful innovation.
+
+Blaming it on attackers is just dishonesty. A well designed blockchain is not supposed to have attackers, its supposed to keep producing blocks based on the parameters of the network, not take a break because someone spammed transactions.
+
+Edit: So Sol shills have attacked this post, here is some more "proof"
+
+Coinbase blocked withdrawals as a result of Solana network going down
+
+[https://status.coinbase.com/incidents/clt85xbsqc1n](https://status.coinbase.com/incidents/clt85xbsqc1n)
+
+status (dot) solana.. LOL at using Solana's own status page to say the network didnt go down. I guess SOL shills love to remain in their centralised fairyland
+
+Edit 2:
+
+Turns out status dot solana page is lying to its own users. If you go into the Solana official groups, you can see dozens of people complaining about failing transactions, missing balances, transactions not being processed etc.
+
+​
+
+[\\"Cannot harvest anything\\"](https://preview.redd.it/l926nxtz0o981.jpg?width=1310&format=pjpg&auto=webp&s=eafd1eb1bdaf1b88d13bb48c7d06d78879536ba4)
+
+​
+
+[TPS was low](https://preview.redd.it/qejmp4421o981.jpg?width=1342&format=pjpg&auto=webp&s=de1fb3cd2d451519dc382cb6045a50b1da6dc827)
+
+​
+
+[Apparently Solana are censoring this story on their own groups, but people were discussing it to find solutions in validators server](https://preview.redd.it/iiph0k751o981.jpg?width=1264&format=pjpg&auto=webp&s=be3bc3ba6d37f434f4b13f5f04fb3445b71a0b6a)
+
+​
+
+[LOL](https://preview.redd.it/28gtppbs1o981.jpg?width=1212&format=pjpg&auto=webp&s=5d4cf9a607034d4ea5faa8870211d19ad5633f1d)
+
+Users are repeatedly questioning the validity of the status dot solana page that shows 100% uptime even when the network was down, and even Coinbase flagged it as down.
+
+This is why you dont use a service's own status page to come to conclusions especially if it masquerades as a decentralised blockchain, but in reality is just a glorified database.
+
+Edit 3: This post is brigaded from the Solana sub. Hundreds of Sol shills are trying to pretend the network wasnt down. Ironically, on Sol sub itself, someone agrees that not only did the network go down, but had to be rebooted too. This is hilarious lol, the network was rebooted but status dot solana shows 100% uptime. Well played, centralised tricksters.
+
+[From Solana's own sub - user there agrees the network went down and had to be rebooted. ](https://preview.redd.it/8437dvtr2o981.jpg?width=1920&format=pjpg&auto=webp&s=dd2e5e78b307be3a9bf41726d267d1be349c3d54)
+
+Many more LOLs if you go tough the Solana forums especially the validators groups
+
+​
+
+[\\"the network IS indeed fooked\\"](https://preview.redd.it/4h45qqhb6o981.jpg?width=1312&format=pjpg&auto=webp&s=90243e1a55f05986e3a05242f914db6e8e7616d0)
+
+[Absolute LOLs. A validator complaining about the utter lack of transparency on whats going on, while the devs pretend everything is great](https://preview.redd.it/4q5lahyl6o981.jpg?width=1842&format=pjpg&auto=webp&s=0187b37d1d9e70fdc440b4c5b38cfa3a735ce785)
+
+TL,dr? Not only did the network go down, as shown by Coinbase status and many complaints on Solana groups, the Solana devs and community managers also tried to suppress whats going on and the Solana status page flat out lies to users.
+
+I would honestly have not bothered going deep into Solana territory, but thanks to the 100 shills who attacked this post, we have all the juicy skeletons coming out of a SOL closet.. what a joke of a database. 
+​
+
+Buy stocks with earnings and increasing revenues. You can forget that occasionally but it takes time to learn when you can do that.
+
+Yahoo finance has all the general info you need to assess a stock in most cases but it'll take a while to learn to navigate for everything.
+
+**If you can find a stock that is going up nicely (during normal times) in volume more than triple its average inexplicably on NO CURRENT NEWS-that is the best way i have found explosive stocks-Finding one in a hot sector is a big plus. It may take 2-3 weeks or more before they start popping. The reason this works is because it indicates some 'wise guys' know something is coming that isn't out yet.  It is best used for small cap to low mid cap generally unknown stocks. Don't use this formula for stocks that have crashed and are now bouncing up.**
+
+Read these boards and watch all the business channels as often as you can-Listen when Buffet speaks. This is to learn basic market and business  principles and not necessarily for specific stock picks. If you hear of an interesting stock, do your own due diligence.
+
+A Drip plan on a Utility or Dividend Mutual Fund where you add extra money of the same amount regularly is the surest way to make a nice score over time. Try to get in when the market tanks and/or up your extra contribution at that time.
+
+Don't EVER buy stocks under $3-$4.   If you have to, make sure you can handle a total loss. If you receive a phone call from a broker you don't know to buy one, don't even think about it-just hang up.
+
+Avoid Margin unless you can transfer in covering funds in a day or two
+
+Buy thinly traded stocks that you like when they are down on low volume.
+
+Never set a GTC order for more than a week or two at most.  You can wind up buying a stock for forty  that is 25 ten minutes later. Much less likely to happen in a week or two and then you can re-assess your decision. If you have a GTC  order, you must read the after market and pre market news so that you can cancel your order if something weird is going on. The exception might be in the crypto market  to set some GTC orders at 60% below market and hope for a flash crash.
+
+With short term trading, only trade stocks with good fundamentals that you wont mind owning if things don't go your way.
+
+Don't buy in the pre market
+
+Once you sell a stock at a profit, don't buy back in on a small drop
+
+Always have 20% cash in case of a market crash. Adding money incrementally and waiting for a 5% rally are usually good ideas
+
+If you get lucky and have a 500% gain or more  inside of a year on a stock, take double your investment  off the table.
+
+Remember  "No one ever went broke taking a profit" and You'll never buy at the absolute lows or sell at the highs. When in doubt on taking a profit, sell half!
+
+NONE of this info came from a book. I have never read a book on the market but quite a few articles, watched the business channels, talked extensively to active investors  and been trading and following the market for decades.
+
+Good luck!
+First of all, don't be like me. You should always have an exit strategy.
+
+But I don't. I also actually never sold for any profit. 
+
+I came to the point where I would check prices of the coins I hold once in a week. And I would be like "*aaahh, it is going down, I am already at loss...well guess I will have to wait*". 
+
+And then I just wait and HODL. 
+
+It happened so many times to me that I lost that feeling of adrenaline when the price goes up or down. 
+
+I missed some good profits that way, but I don't have a crystal ball where I would see the future. Still, I see my mistakes and will try to learn on them.
+Just about three months ago, whenever people asked for advice on what to do in a shaky market, the most upvoted posts were "Hold. You can't time the market."
+
+But I noticed that recently, that has changed. Now you have threads like this
+
+https://www.reddit.com/r/investing/comments/a004l2/serious_smart_investors_of_rinvesting_what_are/
+
+Where posts that say they are holding their investments in cash because of all the bad signs are upvoted to the top.
+
+
+What happened to all the discpline /r/investing talked about? They preached about not selling and holding through downturns when the market was doing well. Now that the market is no longer bullish, everyone's selling because they can see a crash coming?
+Looking online the figures for average pension pot seems to range from £20k to £70k.
+
+I got this from a financial planning website. I am trying to save as much as possible into my pension but still get anxious as I am in my early 40s but working out the numbers I don't know how I would retire and I also don't know if anyone would want to hire me at in 10 years.
+What are peoples plans to fund retirement? Buy to let income???
+
+
+A 35-44 year old with a pension size over £95,100 would put them in the top quartile of households for their age group
+
+To remain in the top quartile of the next age bracket would require more than doubling the pension size to over £237,400. This age group looks to be the main point where pension saving increases in preparation for retirement.
+The search: [https://www.sec.gov/edgar/search/#/q=gamestop&dateRange=all&startdt=2021-06-28&enddt=2021-06-29](https://www.sec.gov/edgar/search/#/q=gamestop&dateRange=all&startdt=2021-06-28&enddt=2021-06-29)
+
+Well, nothing really interesting came out actually so I'll flag this as Education/Data instead of the usual News.
+
+But them I ran my script to update the NPORT-P data dump for 30 apr since some new NPORT's have been submitted:
+
+[https://docs.google.com/spreadsheets/d/1oVe2viQBOlgHKJL6qMnem3X3dReaBdgdRae05s8sZxE/edit#gid=1035308087](https://docs.google.com/spreadsheets/d/1oVe2viQBOlgHKJL6qMnem3X3dReaBdgdRae05s8sZxE/edit#gid=1035308087)
+
+And I was astonished of the data!
+
+[Yes, you read that right. They have more shares on loan than they hold.](https://preview.redd.it/il9sn9rw87871.png?width=1078&format=png&auto=webp&s=13c3dbd0b919843d2446abc97a51fc79bacd3b14)
+
+Now, we really need an adult here! Did these guys just filed with the SEC that they loaned more shares than they own?
+
+Then I went through the YTD data dump (one of the tabs in the doc) and there are cases where this happens but the differences are pretty small and might come from how the value on loan is calculated. As they don't disclose the number of shares on loan, I'm using this formula:
+
+    sharesOnLoan = valueOnLoan/(usdValue/sharesHeld)
+
+It worked so far, even for their previous fillings it worked.. could be an reporting error or the data is good but we need an adult.
+
+\---
+
+Do what you want with this info, could be nothing, could be good DD starting point for more wrinkled brain apes, I just like to search [SEC.gov](https://sec.gov/) and this is no kind of advice, this is written on the SEC website.
+
+Will look out for new updates throughout the day and update.
+
+Obligatory: 🚀🚀🚀
+
+**Edit:** Updated the data dump with a column of GME weight in the fund (percent) because I found it interestingly enough that for the two investco funds with bad data, the holdings are quite unusual (8% and 6%)
+
+**Edit2:** Did a little rabbit hole digging. This is the first filling URL: [https://www.sec.gov/Archives/edgar/data/0001209466/000175272421142046/0001752724-21-142046-index.html](https://www.sec.gov/Archives/edgar/data/0001209466/000175272421142046/0001752724-21-142046-index.html) 
+
+We have a ticker there, XSVM. good.
+
+So follow the CIK:
+
+[https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=S000003025](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=S000003025)
+
+Check previous fillings. GME is in there correctly reported and in different percentages...
+
+Search [etf.com](https://etf.com): [https://www.etf.com/XSVM#overview](https://www.etf.com/XSVM#overview) No mention on the GME position.
+
+Official website: [https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Institutional&ticker=XSVM](https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Institutional&ticker=XSVM) No Mention on the GME position
+
+Checked the web archive. Just an archive on Jan 20, 2021: [http://web.archive.org/web/20210120095023/https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Institutional&ticker=XSVM](http://web.archive.org/web/20210120095023/https://www.invesco.com/us/financial-products/etfs/holdings?audienceType=Institutional&ticker=XSVM) No mention on the GME position.
+I was puzzled at how hard it was to find a good overview of STOR holdings. They do publish their top tenants but they have about 2500 properties and I was curious as to why it was hard to find the majority of them. The CEO got back to me this morning on this very question. Thought some here might enjoy his response:
+
+"There is a Schedule 3 that we file annually at the back of the 10-K with a list of locations, though it may not be what you're looking for. Our disclosure is really strong at the portfolio level - credit strats, master leases, coverages, credit loss walks, etc. We try to connect the dots for you regarding performance. And this is precisely the kind of data our board wants to see - and also me as CEO. As you get into individual addresses, there is literally no valid conclusion you could ever arrive at with respect to portfolio quality. I would call such disclosure a data dump....but of no informative value. And there is a lot of this kind of thing in REITland. For instance, we provide data on sector and industry exposure and provide square footage data, so you can effectively compute the rent per square foot of our limited service restaurants. Let's say, you'd like to compare that to other net lease peers. You cant! No one else discloses this. Even then, were we to hand our location data, you'd have no clue as to the store coverages...and whether the locations were in master leases or not or whether we have credit enhancements- this is crucial data. You'd have no idea, unless we were to disclose it, how much we spent for a property. And you'd generally have no idea of the underlying tenant credit quality. All you might be able to do is to make a high level determination as to whether you like the real estate. Of course, you may not like the real estate...and may wonder why we bought it. But you might like it better if you knew the price or knew what other real estate we bundled the lease with! Anyway, that's why we stick with contract and portfolio disclosure. Plus, since we do so much through direct origination, were we to provide a list of tenants, our peers would simply start to call on them. That is what happens every time a tenant of ours ends up in our top ten list. For instance, we bought a lot of National Veterinary Associates clinics several years ago at cap rates in the 8 and up range. After they got on our list, the rates fell into the low sevens and today they can trade for rates in the mid sixes. We want to avoid repeats like this where possible! Have a great day and regards, Chris \[...\]"
+I am curious to hear people's thoughts on Altria specifically, and tobacco more generally
+
+Altria is down 45% from peak price 4y ago, currently offering an 8.2% dividend yield and trading at 9.3x fwd P/E
+
+Broadly speaking the company appears to have sold off due to declining tobacco revenues and legal claims against JUUL and forced selling due to ESG box-ticking
+
+The dividend looks relatively safe at 80% of FCF (not my analysis)
+
+With an 8% dividend yield, approximately 5-6% 3y conensus EPS CAGR forecasted we are already looking at a 13-14% annual return
+
+The P/E of 9.3x compares to historical average around 15x, or perhaps 13x if you exclude the 2015-2018 period (where it was clearly overvalued)
+“Harris released a plan for an expanded version of Medicare that would involve taxing stock trades at 0.2%, bond trades at 0.1%, and derivative transactions at 0.002%. “
+
+This is the value of the trade, not the profits. Let’s pray this never passes. 
+
+
+https://www.google.com/amp/s/markets.businessinsider.com/amp/news/kamala-harris-vice-president-market-impact-biden-election-allison-schrager-2020-8-1029497431
+
+Edit:
+
+Some scalpers trade an 8 dollar stock hundreds of times a day at 1000 shares a pop. So each time they enter and exit they pay the .2% tax on the total 
+
+So someone who enters and exits 100 times a day(50 trades) the math looks like this
+
+8 x 1000 x 100 x .002 = $1600. 
+
+Some scalpers can trade thousands of times a day. Scalping becomes a non viable strategy. Day trading also takes a major hit. I guess we all move to Puerto Rico if this becomes a thing
+Hi, first time poster here.  I’m 52 from the UK married and have four children under 10 years old.  We have a NW of $15m at present (approx. $10m in investments and $5m in rental properties).  NW should increase approximately $1.5m (after taxes) per year through my income (not including and capital growth on my investments) until I retire.  I don’t enjoy my job anymore but could continue to do it for a few years if necessary - I don't own the business so when I stop working my income will stop.