diff --git "a/reddit_finance_43_250k_172.txt" "b/reddit_finance_43_250k_172.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_172.txt" @@ -0,0 +1,10000 @@ +&#x200B; + +[Matthew Ball to talk Metaverse, GameStopverse, Stonkverse, and more! AMA.](https://redd.it/ud4rg2) + +Check out [Matthew Ball's blog](https://www.matthewball.vc/the-metaverse) where he has written extensively about the Metaverse. + +[comment by u\/Thornoaks](https://preview.redd.it/m378n5y4co791.png?width=432&format=png&auto=webp&s=9d7ea5cf632e4e2d68b1474989bba736e8fee004) + +[Web3 is one step away. Store, send and receive cryptocurrencies and NFTs. Explore Ethereum and the world of Web3.](https://preview.redd.it/uxxr8p8kbo791.png?width=500&format=png&auto=webp&s=c1d2d4eaeeea4cfd0bf725b7f83d88fbd0d3cf8b) + +# 4. Ethereum, Loopring, Immutable X, Uniswap & 0x + +# 4.1 Ethereum + +>A blockchain is an electronic ledger (database), which operates independently of a central authority, and is controlled by a network of computers around the world. When a transaction is submitted to the network, it is first verified, and then recorded onto the ledger. +> +>As soon as anything is recorded in this ledger, it is permanently recorded and cannot be altered or modified. The records are shared across all the computers on the network, making it difficult to hack or tamper with. +> +>The first cryptocurrency blockchain to be invented and pave the way was Bitcoin, which followed in the footsteps of the cypherpunk movement, drawing inspiration from crypto projects such as “hashcash” and “b-money”, and Surety. Bitcoin was followed by many others including Litecoin, Dogecoin, and Ethereum, which is the primary blockchain for the GameStop Wallet. +> +>[https://support.blockchain.gamestop.com/hc/en-us/articles/4409036955411-What-is-a-blockchain-](https://support.blockchain.gamestop.com/hc/en-us/articles/4409036955411-What-is-a-blockchain-) + +https://preview.redd.it/ycj0dli8co791.png?width=432&format=png&auto=webp&s=4560857e08fae33d682e20e4f8a5c5a77b047220 + +>Ethereum is an open-source, public, blockchain-based distributed ledger featuring [smart contract](https://support.blockchain.gamestop.com/hc/en-us/articles/4409044468755) (scripting) functionality. It enables developers to build blockchain applications with business & community logic, and is the foundation for thousands of [Decentralized Applications](https://support.blockchain.gamestop.com/hc/en-us/articles/4409044468755). Smart Contracts and Decentralized Applications (also known as DApps) enable creators to build code, art, and virtual experiences without having to worry about downtime, fraud, control, or interference from other parties. +> +>Ethereum paves the way for a new decentralized financial system based on a user-centric model, where all you need is a [Web3 Wallet](https://support.blockchain.gamestop.com/hc/en-us/articles/4408952951571) connection to access applications, products, and services that operate in a trustless manner, giving you more control over your money. Ethereum allows anyone to participate in this digital economy, without the involvement of third parties, or the risk of censorship. +> +>[https://support.blockchain.gamestop.com/hc/en-us/articles/4409036938771-What-is-Ethereum-](https://support.blockchain.gamestop.com/hc/en-us/articles/4409036938771-What-is-Ethereum-) + +&#x200B; + +# 4.2 What is Loopring? + +>Loopring is an Ethereum transaction processor and scaling solution. Loopring’s Layer 2 zkRollup solution enables the GameStop Wallet to be cheaper and more efficient than wallets that use only Layer 1 Ethereum mainnet. This means you can buy and sell NFTs, and transfer ETH to other Loopring Layer 2 accounts, at a fraction of the cost of making transactions on Layer 1. +> +>[https://support.blockchain.gamestop.com/hc/en-us/articles/4408960430099-What-is-Loopring-](https://support.blockchain.gamestop.com/hc/en-us/articles/4408960430099-What-is-Loopring-) + +&#x200B; + +>Loopring's L2 increases transaction throughput and decreases cost, while maintaining complete Ethereum security guarantees. Loopring's zkRollup supports token transfers, orderbook exchanges, and AMM (automated market maker) exchanges. +> +>**From the perspective of users, Loopring allows instant and gas-free transfers, trades, and liquidity provision.** \- [DeFi Pulse](https://www.defipulse.com/projects/loopring) + +Loopring's Blog - [https://medium.loopring.io/](https://medium.loopring.io/) + +&#x200B; + +# 4.3 [What is Immutable X?](https://academy.binance.com/en/articles/what-is-immutable-x-imx) + +>Immutable X is a layer-2 scaling solution for NFTs on Ethereum. It offers instant trade confirmation and near-zero gas fees for minting and trading NFTs. Users can easily create and trade NFTs without compromising the security of their assets. - Binance Academy + +[Highlights from Immutable & BANKLESS Interview regarding GameStop NFT Marketplace](https://redd.it/skhdv9) highlight video - u/ButtFarm69 + +>Robbie talks about the partnership with Gamestop and what it means for the future of NFTs + +&#x200B; + +[Superstonk AMA with Immutable Co-Founder and President Robbie Ferguson](https://redd.it/smp57i) + +&#x200B; + +[Official update from Immutable: enabling the next billion players on GameStop's marketplace](https://redd.it/ux305g) \- credit u/robbieimmutable Co-founder of Immutable X + +&#x200B; + +From Immutable X's Blog - [https://immutablex.medium.com/](https://immutablex.medium.com/) + +[Immutable X is Making NFTs Carbon Neutral on Ethereum](https://immutablex.medium.com/immutable-x-is-making-nfts-carbon-neutral-on-ethereum-620dd0be08ae) + +# + +# 4.4 [What is Uniswap Protocol?](https://uniswap.org/faq) + +>The Uniswap Protocol is an open-source protocol for providing liquidity and trading ERC20 tokens on Ethereum. It eliminates trusted intermediaries and unnecessary forms of rent extraction, allowing for safe, accessible, and efficient exchange activity. The protocol is non-upgradable and designed to be censorship resistant. +> +>Uniswap is an automated market maker. In practical terms, it is a collection of smart contracts that define a standard way to create liquidity pools, provide liquidity, and swap assets. + +&#x200B; + +# 4.5 [What is 0x?](https://www.0x.org/) + +>0x is important infrastructure for the emerging crypto economy and enables markets to be created that couldn't have existed before. As more assets become tokenized, public blockchains provide the opportunity to establish a new financial stack that is more efficient, transparent, and equitable than any system in the past. + +[\\"everything that can be tokenized will be\\"](https://preview.redd.it/7vbe2zkmco791.png?width=1800&format=png&auto=webp&s=b302501ac934da4b1c8679c84ef8f6ded8c746c1) + +# 4.6 More Partners, Projects & Exclusives + +[https://sushi.com/](https://sushi.com/), blog [https://sushichef.medium.com/](https://sushichef.medium.com/) + +&#x200B; + +[PINATA CONFIRMS BEST-IN-CLASS NFT MEDIA MANAGEMENT FOR GAMESTOP NFT MARKETPLACE - GMEdd.com](https://gmedd.com/blockchain/pinata-confirms-best-in-class-nft-media-management-for-gamestop-nft-marketplace/) + +&#x200B; + +*New partners and updates will be added to the stickied comment.* + +&#x200B; + +# 5. Deeper Dives and Speculations - NFTs and their potential + +# 5.1 DD + +[Fundamentals DD - Piñata's Role in GameStop's Marketplace and How It's All Coming Together](https://redd.it/t7p75h) \- credit u/sneakywill + +* Loopring solves the Ethereum gas fee issue with its L2 wallets and NFTs via their zkRollup technology, which divides the high cost of minting one block into potentially thousands of transactions that are instead bundled onto a single block, reducing gas fees by orders of magnitude and therefore legitimizing the mass application of minting and trading NFTs. They handle getting the lines of code stored in your NFT onto the chain without it costing you an arm and a leg, and the same goes for transfers and wallets, and on and off ramping your real world fiat currency onto the chain. +* Immutable X is the front end of the marketplace and they interface with partner companies and creators to get their products onto the marketplace seamlessly. Their APIs make it easy for companies and content creators to connect their products to the blockchain and host their content on the marketplace or within their games. +* Piñata allows off chain file hosting that utilizes a decentralized protocol much like blockchain called IPFS to host large files in a secure and verifiable manor, legitimizing any NFTs that are tied to externally hosted content and preventing the need to sacrifice the security provided by NFTs when they point to large files off chain. + +[But what sort of games will be in the NFT Market place? How will GameStop make any money on NFTs? Come take a dive with the Jellyfish on what is likely to come!](https://redd.it/ofn57e) \- credit u/Dismal-Jellyfish + +>In conversing with folks, it seems some Apes would benefit from what a 'live' game looks like. Before going any further, I do not endorse Axie, think that you should purchase it, or do anything at all with it. Rather, my intent is to walk through the mechanics of the game and economics this game. + +[Comparing Opensea's NFT Marketplace to GameStop's NFT Marketplace (Hint: GME's will be better, here's the data to back it up)](https://redd.it/rcsqzy) \- credit [u/pupcolorado](https://www.reddit.com/user/pupcolorado/) + +>This post lays out the data and business logic that suggests GME's NFT Marketplace will be far more successful than Opensea. + +Specifically: Lower Gas Fees, Ease & Cost of setting up Wallet, Customer Support + +[NFT Market DD UPDATE](https://redd.it/skrm0s) \- credit [u/smdauber](https://www.reddit.com/user/smdauber/) + +>Projected GameStop marketplace GMV (Gross merchandise volume or transaction volume) and estimated revenue. + +[🏴‍☠️🔥Biggest Smoking Gun , Yet. Right Under Our Noses. "0x: ZRX" Tokenized Trading Exchange🔥🏴‍☠️](https://redd.it/ujcjvy) \- credit u/Reverse_Drawfour_Uno + +# + +# 5.2 Speculation / Opinion + +[The possible Loopring partnership is huge, but it's only the beginning! Here's how NFTs will change the gaming landscape forever, and what role Gamestop might have in the midst of all of it](https://redd.it/qtvcxa) \- credit u/ReusedBoofWater + +&#x200B; + +[The upcoming GameStop NFT marketplace. What we know, what to expect and why it's going to be a huge success story](https://redd.it/uwmpp6) \- credit u/knutolee + +&#x200B; + +[Theory: GameStop will be THE company that builds the bridge across the marketing chasm for both NFT marketplaces and blockchain](https://redd.it/rugc39) \- credit u/Keratin_Brotherhood + +&#x200B; + +[I think the NFT marketplace is much more than we may realize...](https://redd.it/rs5w4u) \- credit [u/rondanator](https://www.reddit.com/user/rondanator/) + +&#x200B; + +[I'm CEO of an 8 man company who released an NFT game on the wax blockchain which has made $xxx,xxx so far, and I'm excited by gamestop's move](https://redd.it/rqnceu) \- credit u/Calmer_after_karma + +# + +# 5.3 Additional Content + +[How to mint NFTs on Loopring.io directly to your GameStop Wallet in 20 steps. With pictures!](https://redd.it/uwkq3w) \- credit u/The-Bodhii + +&#x200B; + +**NFT Roundtable** (YouTube) + +>AMA-style roundtable about NFTs, their financialization, and the technology that powers them + +Part 1 [Exploring NFTs](https://youtu.be/qYOFBxS1K9c) | Part 2 [Financialization of NFTs](https://youtu.be/_G3H9k7WfYg) | Part 3 [Technology powering NFTs](https://youtu.be/6X8Y6AyWLnc) + +[Transcript](https://imgur.com/a/d2HM16j) || [Superstonk Post w/ Resources](https://redd.it/rdij9r) +https://www.cnbc.com/2019/02/14/amazon-says-it-will-not-build-a-headquarters-in-new-york-after-mounting-opposition-reuters-reports.html + +only wall st, no tech st. +Hope everyone is having a wonderful Saturday morning, thought you may enjoy the exchange I had this morning with my mom, it made me chuckle. + +I'm laying in bed with my head pounding from the copious amounts of alcohol consumed the night before and my phone rings. + +"Hey Mom what's up?" + +No greeting or anything just: "do you have bitcoin, litecoin, or ethereum?" + +"I have all 3, why?" + +"Cause some of my students (she's a college professor) have been talking about them, and they helped me set up a coinbase. I'm gonna buy some." + +"Have you researched any of these at all?" + +"No, that's why I had you 28 years ago, what percentages do you have?" + +"Uhh huh.... well I'm 40% ETH, 25% LTC, 10%BTC, and the rest is spread out among other coins." + +"Not possible, coinbase only has these 3 coins!" + +"Fuuuuuck mom, just buy ethereum. And spend the day googling stuff about crypto, ask me questions as you find them, I'm going back to bed." + +"Ok, I just bought a ethereum!" + +But moral of this pointless story is: we should be shooting up, her last major investment was Amazon in 2013. She's lucky as hell with her money. +Many banks are claiming interest rates will rise to 1.75 by 2023, why is this causing so much fear? Isn't this what the interest rate was before the pandemic? So what? +There is a storm coming. Believe it or not they are gonna drop GME at the same time the market crashes to try and scare us apes into selling. We must weather this storm, all we have to do is buy when we can and hold. Don’t let these Fucks scare you with these drops in price. None of it is real. We are close you beautiful apes, one more step closer to changing millions of lives. Stay strong, buy and hold. This is what we worked hard for, all those months of funny ass memes, sacrificing other things to buy more, day after day going to our shit jobs, holding through the highs and lows, watching the fuckery happen day in and day out, we are primed and ready for this moment! Whatever your reasons are, hold strong for those reasons. Everyone’s situation is different, so make your situation a better one! I couldn’t be more proud of any other group of people than I am with this group here! Buy and hold. + +This is not financial advice +Jan 17th: Why is the Market Crashing (BTC Options, Whales, Correction, FUD, Hack, Conferences)?, Maximize Profits During Bull Runs Minimize Losses During Bear Raids + +Today’s Report (17th): + +“Why is the market crashing?!” + +I’ve had this as a headline more times than I can count in the last 48hrs. The answer to this question is both short and long. The short answer is this week we’ve seen a wallet hack which always creates fear in the crypto world. The reality a 3rd party may enter what you presumed to be a safe place and remove your valuable crypto creates hysteria within the crypto community, especially for newcomers. There have been 2 FUD attacks this week, one out of China and one out of South Korea. Both have been topics of previous posts so to keep it short and sweet: FUD attacks mean a dramatic correction in the market. Almost immediately once South Korea’s was dispelled, China’s was released not allowing any market recovery time. I also discussed whale consolidation. It is easy to go on KuCoin and see the whales at play openly shifting sell and buy walls when the orders approach allowing the price to fluctuate more dramatically, while also pushing it in a specific direction. This is easily visible on KuCoin with people using 5-10BTC. That is $50,000-$100,000. These whales are playing in KuCoin’s open waters with what most of us see as a good amount of money, but to real investors it is chump change. + +This brings me to my new point for today. The December Option Contracts. + +Anyone want to guess what day those December options expire in January? January 17th. Want to guess what side the majority of hedge fund guys bet on? If you saw BTC’s chart and were in the stock/commodity industry you’d be screaming SHORT. So we have a group of multi millionaire/billionaires trying to find out a way to cash out up against a BTC that was well above their option price (last week). If you are short you hope the price will decrease, if you are long you hope the price will increase. People who shorted BTC have until today to make it crash further. Cashing in on their short position while it’s under $10k and then using their profits to buy back in and actually go long on BTC for the short term because they know they just intentionally crashed the market and with a negative correction comes a positive one eventually. + +We, even I, am a Plankton compared to the whales and sharks trading BTC futures on the CBOE and CME. I can try to predict market functions based on graphs and trends. I can attempt to find undervalued assets in a market full of scams and billion dollar coins. What I cannot do is control whales and sharks with 1000x the money I am investing openly manipulating the crypto markets the day options expire. People have been asking when will this market correction occur? The honest answer is no one knows. The reality is that we have conferences starting tomorrow, literally tomorrow. These continue through the weekend and continue through March. If I were a betting man, which I am, I would say the correction begins sometime tonight after option expiration or tomorrow pre-conference. This will lead into a bull run which will draw many new investors into the market similarly to what happened pre-Thanksgiving and the bull run we all experienced until just now. + +BTC has had 5 price corrections since 2015. I’d include the graph/chart but it won’t let me, so I will try to explain it to you. The total negative correction period was between 5 and 35 days for all 5 events. That means as we are approaching 1 month in BTC’s price correction since it hit almost 20k we are about at the end of the statistical period BTC takes to correct. Each one of these corrections BTC saw a loss in value between 30% and 50%. The current correction we are in places BTC at almost a 50% loss. So we are at the parameters for length of time to correct, and correction amount. The final question, following these prior 4 corrections, how long did it take to attain a new ATH? How long will it be before my portfolio makes me look rich again!? The period for the past events was 8-55 days. Considering thus far BTC has mimicked all its trends to date, I expect it to take 8-55 days before we have a full recovery to a new ATH. Personally I expect it to be on the lower end of that range as I see the entire sector having exponentially more media exposure the next 3 months which should dramatically increase the value of BTC and alts. As the world is exposed and re-exposed to crypto the bull run should build steam. My prediction (that is all it is, a prediction) would be it takes approximately 3-4 weeks to reach a new ATH for BTC. With the $1 trillion market cap (for all of crypto) mark pierced long before May. + +I’ve lost close to 30% this week. Most in the market lost much more than that! I highlighted opportunities like NEO, ICX and STRAT which were top gainers among many losers the past few days (even though almost everything dropped yesterday). Having a diversified portfolio between strong coins and moonshots helps weather any future storm. This has not been a fun correction for any of us. Please stop messaging me irate about market conditions. I cannot predict FUD, Hacks, or Dev team issues. I can try to predict when this turn around will occur (as early as tomorrow with option expiration and conferences starting). If you are that irate where you need to talk to someone or post a 6-page essay below feel free to call me: 800-273-8255 (Suicide Hotline). The crypto space has 50% market swings in 1 week. It also has 400% gains in following weeks. If you sell now you are giving those future gains to someone else. HOLD FAST KINGDOM. + +This concludes the educational portion of today, if you’d like a topic reported on please let me know and I’d be happy to add it this week! I usually write a Daily Crypto Report that includes 1. Lessons (similar to above), 2. Safe Picks for January), 3. Conference Plays (from the above conferences), 4. Moonshot Explanations (multiple coins up over 400% in 2 weeks), and 5. ICOs! Feel free to follow me if you’d like to see today’s full report vs. just the educational lesson portion. If you have any topics you want explored please let me know! + +(Favorites Remain ICX, STRAT, and NEO as Buy and Hold) My 3 favorite January SAFE plays remain ICX, STRAT, and NEO. NEO has more conferences than any other coin in the next 2 weeks and meetups all over Europe prior to that. NEO is the Asian Ether and should rapidly increase in value in the next 3 weeks. STRAT will remain a favorite of mine as they are launching their ICO Platform and have 2 flagship ICOs ready to be announced (they are timing the down market waiting for a correction, I guarantee it). The founder of STRAT also recently posted on his twitter regarding how exciting next week will be. The market correction is about to be over and there will be many new coins at the forefront of the financial revolution. The FUD started in South Korea and ICX crashed because of it. They still have their first HOSTED blockchain event during their mainnet release the last week of January in the tallest building in Seoul. All 3 make up a major portion of my “safe plays” for January with an expected return of 40-100%. + +Everyone is always asking about which ICOs I’m involved in and recommend. If you want to know the ICOs or need referral links for Ku or Binance PM me :) +Now that I have some extra money I can use, I am planning to invest in crypto this year. I’m planning to buy some through binance (but if you guys have suggestions then that would be awesome) then will probably hodl or try my luck with trading. With this, I’m thinking of using Bybit or Kraken. + +I don’t have a lot of money to use though, so I feel a little discouraged. Will $300 be enough to start? What’s the best strategy to get good gain from crypto? I only have Youtube to rely on when it comes to researching so your thoughts will really help. +On June 28th my Poloniex account got hacked. Within 2 hours 10 BTC where stolen. + +Since email verification is used for performing withdraws, the hacker could not directly withdraw my money. The hacker used the web interface to do some very loss-making trading, against a second account doing the opposite, and making the profit. + +I have exported the trades, and put them in a [graph](http://imgur.com/a/H9ylE). +One can see the very bad strategy: sell low, buy high... + +I post my story for three reasons: + +* Protect your account well! Use Two factor authentication! As lasy as I am, I didn't do this, too much hassle to grab your phone each time. Despite I don't know how they got my e-mail and password, this would have protected my account, and saved me $25.000! + +* It's very instructive to see how fast you can lose money on a market with a shallow market depth. + +* Try to get Poloniex handle my tickets. As we all know, Poloniex has a hard time handling the user requests. But it is important that Poloniex tracks the counter account making the profit. If the funds are still there, they need to get frozen. + + +PLEASE give this post up-votes to get some pressure on Poloniex to handle my tickets! +Ticket number: #279231 + + +== Update == +Response from poloniex + +We have locked your Poloniex account and have reasons to believe your email address is compromised, please change its password and enable 2FA security on your email provider immediately, the attacker may be able to see this and try to lock you out - please act fast. + +== Update == +Response from poloniex + +You are welcome. We have identified the accounts involved and they have been banned. Unfortunately, as is normally the case in these situations the attackers immediately withdrew the majority of the coins and as these transactions have now left our system and have been confirmed by the blockchain then they are outside our control. We will continue to investigate further and see if we are able to recover any of the coins that were not yet withdrawn. + +2020 has certainly not been the year I had planned. How did my second year of RE go amidst COVID-19 and everything else that happened in 2020? Read on to find out! :-) + +As usual, I've provided the TL/DR up front, but encourage you to read the qualitative details in the body of the post as I think that a story is so much more than just some numbers and bullet points. + +For those who aren't familiar with my story, here are links to the [Original Post](https://www.reddit.com/r/financialindependence/comments/adj08l/35_11m_luck_stumbles_dedication_and_thrift_an_11/) from early 2019 and [1 Year Update](https://www.reddit.com/r/financialindependence/comments/f261kn/update_1_year_in_and_loving_it_35_11m_luck/) in early 2020. + +TL/DR: + +* Net worth increased from $1.40M to $1.61M +* Spent $30,600 which is under my budget of $33500. This was despite donating an unbudgeted $5400 to charitable organizations +* Cancelled most my of travel plans and adapted to COVID shelter-in-place orders +* Got an article written on [Forbes](https://www.forbes.com/sites/ryanderousseau/2020/03/05/36-year-old-retiree-5-years-without-paying-housing/) about me +* Invited to a WNYC radio program about finances, but it didn't materialize because of COVID. +* Joined the board of directors and became an officer at one of my queer summer camps +* Didn't meet any of my goals I set out for 2020 +* Played A LOT of board and video games online + +Next parts I'll break into sub-headings if you want to go to specific parts: + +* Life in a Time of Covid +* Major Life Events +* Finances +* Notable Experiences (Pre and During-Covid) +* Reflection of 2020 Goals and Forecasting 2021 Goals + +# Life in a Time of Covid + +2020 will almost certainly be remembered and defined by COVID and the changes that came from it. I have a friend who was already ringing alarm bells by mid-January about its possible impact, so I had some time to process and mentally prepare for things once the shelter-in-place orders actually hit in March. + +Despite being a fairly low risk to severe impacts of COVID (relatively young and no conditions that pre-dispose myself to severe complications), I chose to take what most would consider to be low risk approach for reasons including, but not limited to, wanting to minimize my potential risk to others and that the long-haul effects of the virus are still very unknown. I have the privilege of not needing to work and put myself at risk and I want to ensure that I'm not contributing to the risk of those who don't have a choice and/or are vulnerable. + +*Note: Everyone has their own situation and I'm not attemtping to shame anyone for their personal choices. As someone who is part of the queer community, I think the AIDS crisis is a good, but imperfect, analogy and lesson at how shaming does not work and discussion of harm reduction is the most effective tactic. The limitation of that analogy is that you are effectively only putting yourself and your sexual partners at risk, whereas with COVID, you could really be harming a lot more people who haven't opted in to your risk profile. In short, there are personal decisions that people need to make like seeing their family or having some companionship, but I will in no way condone egregious actions like large unmasked gatherings.* + +As an extroverted person who would host regular board game nights, go rock climbing with my climbing partner at the gym, see theater productions, go to board game conventions with thousands of people, and travel to multiple international destinations each year, this year has certainly been difficult. It isn't the year I planned, but I have tried to make the best of it as possible. + +How have I adapted to varying shelter in place orders and tried to salvage a pretty bad year? + +* Created a couple of Discord servers to maintain contact with various friend groups +* Played board games online using Tabletop Simulator with Discord - I logged over 450 hours on Tabletop Simulator alone! +* Played video Games - Logged 350 hours of Civilization 6 and 175 hours of Hades +* Got a crash pad and been rock climbing outdoor (past two months) +* Movie nights over Zoom/Discord +* Volunteer work online - phonebanking for elections, virtual summer camp activities, virtual workshops. + +Basically - Discord and online video/board games have been keeping me sane. + +# Major Life Events + +Content/Trigger warning - Death and suicide mentioned in the next set of bullet points + +* Became a first time uncle but unfortunately couldn't visit my niece. Hoping it will happen sometime by the end of 2021 or early 2022, depending on when I can get a vaccine. +* Had an acquaintance/former coworker take his own life at the beginning of the pandemic (stock market falling, depression, and pandemic stress all contributed). This particularly impacted me because unlike the next life item, I didn't have the chance to say "goodbye". When I officially quit my job and turned my laptop in January, I was going to see him in the office, but I was running late to another commitment. I thought I'd be able to catch up with him some other time, but unfortunately that wasn't meant to be. My fondest memory is when we went to see a World Series game together. It was a bucket list item for me and while no one else was wanting to shell out the cash, he gladly joined me and we had a blast. We got to see Game 2 of the 2010 World Series @ AT&T Park with Matt Cain pitching a gem of a game and a wild 8th inning where the Giants scored two runs via walks and exploded to a blow out victory. +* This summer I had my mom call me and ask for me to hop on a plane to visit becuase my grandma was in the hospital and only had a few more days to live. I packed up my stuff that night and took the first flight out in the morning. My grandparent passed away (not COVID) about two weeks later and luckily all of our family was able to spend time with her at a family member's home in pallative care and got to say our goodbyes in person. Note - family visited while masked and socially distanced. She lived a very long life and was able to pass away with family around her, which is about as much as I could ask for given all the other heartbreaking stories I've heard this year of family members not being able to say goodbye. +* I was voluntold (I was happy to help out though) to be the coordinator/project manager and to delegate tasks and facilitate decisions between my grandma's 6 children. THIS WAS STRESSFUL. My grandma didn't even have any assets to squabble over, but decades of emotions and inter-personal conflicts surfaced. Additionally COVID created a complicating situation where, at the time, the church allowed a maximum of 30 people for the service. Problem is that my grandma has 24 direct descendents and counting spouses and step kids that put the number at 35. This doesn't even include family friends and/or her extended adopted family (she was among one of 6 adopted children). In the end, everything "worked out" but not without a ~~bit of~~ LOT OF stress working through the guest list. + +# Finances + +**Net Worth:** Increased from $1.40M to $1.61M + +**Income:** Dividends + Capital Gains: $18,100 (The Capital Gains were via distributions, not sale of investments) + +**Spending:** $30,600 out of $33,500 budget. My budget at my current net worth would represent a 2.1% withdrawal rate + +The linked image provides my 2020 [Budget, 2020 Actual Spend, and Differences](https://imgur.com/a/MjnLZEq). + +You'll note that there are some big differenes in planned versus actual, namely my travel spend was virtually non-existant and I decided that I wanted to donate more to charity this year given that I have more than enough and there were many people and organizations that didn't have enough. Below lists out my notable notable big ticket expenditures for the year. + +* Charitable Giving - $5400 +* Laptop - $1600 +* Rowing Machine - $1050 +* Various REI Purchases - $1200 + +My food budget shrank significantly as I didn't eat out and rarely did take out - it was only $3500 out of a $6000 budget. I still ate well, but did a lot more home-cooking and simpler food - a lot of stuff that my mom would make for me as a kid. I fully expect that my food budget will go up once COVID restrictions lift, but I imagine that they won't go back to pre-COVID spending levels. + +For 2021 I will keep my budget the same at $33,500 but will likely come in way under it with my non-charity expenses, but I will probably end up covering the difference by contributing more to charities. + +**FIRE Actions:** + +* Converted $12,555 from my Rollover IRA into Roth IRA as part of a Roth IRA ladder ($12,400 standard deduction but slight variance at end of day) +* Was vigilant and didn't take any buy/sell action despite the dip in the spring! I briefly lost my two comma status and I got a little bit of anxiety at the trough, but stayed firm with the buy/hold Bogleheads strategy. +* Less of a FIRE action, but more of a reduction in my FIRE risk - CA AB1482 went into effect 1/1/2020 which is effectively a state-wide rent control which limits rent increases to inflation plus 5% per year. I was conservative in my withdrawal rate knowing that a sudden rent hike could happen and I needed to account for it. But now having additional protection via this law, it means I'm EXTRA safe with my withdrawal rate. + +**Lean FIRE "Trial-Run"** + +If there was one silver lining 2020 with respect to FIRE, 2020 showed me that a realistic lean FIRE number for me would be around $23,000, which were my expenses this year excluding my charitable contributions and my two big ticket purchases. At my current net worth, this would represent a 1.43% withdrawal rate. I don't plan to spending less money than my FIRE budget of $33,500 - but it shows me that I have a lot of flexibility to adapt IF I absolutely needed to. + +# Notable experiences since my last update: + +Despite 2020 being a pretty awful year in general, there were a few notable things non-financial experienices/accomplishments that are worth mentioning: + +* Became a board member and officer for one of my queer summer camps. +* Participated in virtual queer summer camp and got the "Golden Unicorn" (MVP) award! +* Beat Hades and got 49/49 achievements. Highest heat beat is 22. +* Nearly finished our Pandemic Legacy: Season 0 campaign. Our group of 4 has played S1, S2, and now S0 together and it has been a wonderful shared experience. I'm glad we could still make playing Pandemic Legacy a reality in a the midst of a IRL Pandemic. +* Visited WDW/US for 10 days total (Pre-Covid) and got to ride Rise of the Resistance... twice. OH MY GOD that ride is AMAZING. It mixes some amazing jaw-dropping visuals, fast paced action, and a tad bit of "immersive theater". +* Camped at Yosemite National Park, Mount Rainier National Park, and a few state parks in WA. + +# Reflection of 2020 Goals and Forecasting 2021 Goals + +2020 Goals + +* ~~Lead a 5.10D sport route and lead a 5.10A trad route.~~ +* ~~Get in even better shape, mostly so I can become a better climber. Aiming for 3 climbing days a week and 2-3 cardio/strength conditioning. Specific goal is to get to 13% body fat and 145 pounds (currently at 16%/152).~~ +* ~~Volunteer more with LGBT summer camps than I did in 2019 (I already have 68 days for 2020 planned compared to 24 in 2019).~~ +* ~~Apply and get accepted to work for NOLS or Outward Bound as an outdoor backpacking/climbing instructor. I would especially love to guide some LGBT/POC affinity groups.~~ + +As you can see I didn't meet any of my goals for year 2, but that's COVID for ya. I would still like to do the first three goals at some point (probably not 2021 at this rate) but realized that I no longer would like to do NOLS/Outward bound. So what are my new goals for the upcoming year? I have to temper it given that I am pretty low on the list to get vaccinated and the world is probably going to still be uncertain. The basis of these goals is based on if they can be done solo and/or with people without specific skillsets (hard to find people with the right skills to pod with and have similar risk profiles) and don't require me to be vaccinated (assuming that for the in-person interaction, it will still be masked/socially distanced). + +* Continue to serve on my board and find volunteer opportunities for both queer summer camps, hopefully in person at camp. +* Get involved in local youth outdoor activities such as ICO ([https://www.sierraclub.org/ico](https://www.sierraclub.org/ico)), which has more flexibility than something like NOLS/Outward Bound. I'm also hoping to create/lead a rock climbing program for queer POC youth in my area. +* Do more local outdoor activities (climbing, hiking, biking). +* Camp at a few "local" National Parks - Death Valley, King's Canyon, Sequoia +* I have the least control on this last one, but as soon as I'm vaccinated I would love to take an international trip by the end of the year, ideally to Brazil or Laos. + +Hope you found the post enjoyable/informative/interesting and please leave any questions/comments below! +When Ethereum was at an ATH, everyone was wishing they bought Ethereum at $3k. + +They all wanted a dip but now that they got it, they’re scared. + +If you believed in ETH then, you should believe in it now! +Folks, + +Someone should do a sticky on this program. It is absolutely the best program I have heard of for buying a house when you do not have money for a down payment. I bought my first house this way. + +Here goes: + +HTTP://WWW.NACA.COM is a quasi-government corporation that was set up when Bank of America got busted for doing predatory loans. + +- No money down. + +- No closing costs. + +- Lower than average interest rate. + +- They will pay your mortgage for up to 2 years if you become cash strapped, and wrap it onto the back end of your mortgage (there is a small monthly fee for this). + +- They will give you extra money to buy a multi-family property since that type of property will provide you extra income (this is what I do - my rental income pays my mortgage). + +- It's the best way out of poverty that I know of. + +- There is a limit on how much they will lend you + +- You are asked to help support the program by advocacy (what I'm doing now) + +- I'm no longer in the program. + +It works like this: + +1) Go to the website and sign up for a seminar if they have the program in your area. + +2) At the seminar they will assign you a counselor. + +3) *** You'll meet with your counselor and give them access to all your financial info, they will track your income and expenses for 3 months to a year!!! This will determine how much money they can safely lend you. + +4) Buy your house. I suggest a multi-family, it will provide you with extra income. Over time, not only will your housing be providing you with income instead of being an expense, it will also grow in value and become your nest egg for your future. + +This is 100% legit, mods, please check it out. + + + + + + +As the title says, it is very important to secure and 2FA all your banking/brokerage accounts and email addresses. I would also advise everyone to change their password to a STRONG password related to NOTHING else. + +Also I’ve heard gmail is a lot more secure than yahoo and other email domains. It may be a good idea to change to gmail or do further research. + +EDIT 1: 2FA = multi-factor authentication + +EDIT 2: getting downvoted by shills already I see + +EDIT 3: (from the comments) Protonmail is very secure + +EDIT 4: it is important to secure you accounts because once you have a ton of money even your “friends and family” will want it. Some may even go to the extremes behind your back to receive it, so just secure yourself in every way possible. + +EDIT 5: there is a lot of good information in the comments (don’t just look at the top ones) + +Thank you everyone for the karma! + +BUY. HODL. VOTE. SECURE. +All you gay bears and autists better say a prayer of thanks to our lord and savior J Pow + +https://www.nytimes.com/2020/06/29/technology/reddit-hate-speech.html +After a couple years of being chronically underemployed (lived in a van for part of it) I got a new job with ok pay and quite a bit of available overtime. I've been taking advantage of the overtime and got caught up in all my bills. Then I saved up $1,000 for an emergency fund a là Dave Ramsey. + +After that I've been putting anything extra into paying off credit cards (first one was 29%!). + +About a month ago I had a dream. It's a common stress dream, so normally, I wouldn't think too much of it. I'm not into astrology, or dream interpretations, horoscopes, etc. I don't look at dreams real closely for "interpretations" etc. But this one was just really unsettling to me, and I distinctly felt that I needed to stop paying down debt and start saving instead. + +So for the past month I've been socking away the OT money. + +Today I found out my company's contract is getting bought out by another company. + +There's a pretty high chance I will be rolled over into the new company, but I can't tell you how nice it feels to know I have at least a full months expenses taken care of. Even if I take a position elsewhere in the company, I'd have to relocate, and it's nice to know I have enough to at least get me a deposit + first month rent in a new place. + +I'm gonna be ok, one way or another. +My partner and I purchased an up and down duplex in May that has come with its fair share of issues- cockroaches, mold, mice, and animal droppings have all become regular characters in our dealings with this property. We have done significant work on the unit over the last two months, and had plans to owner occupy the upper unit starting this month. + +Our main limiting factor to move-in was the installation of a stand up shower unit in the bathroom. Every local contractor we called seemed to be booked, and we were getting desperate because our previous lease was about to end and the unit did not have a working shower. Off of a recommendation from a hardware store chain in the area, we found an available plumber (let’s call him Joe) , who claimed he had a job fall through for the week and therefore could come and do the shower the following day. We couldn’t believe our luck, and based on pictures and experience Joe referenced about previous jobs, as well as the fact that he was on a list of trusted local pros from a national hardware store, we went with him. There were multiple small issues with the install that made us question him (tools breaking and him having to leave to get new ones, forgetting to caulk some of the gaps, not trimming the walls of the shower walls to fit the space), but the project did get completed in about a week. Joe seemed to take an extreme liking to my partner, and actually invited us over to his home for a Fourth of July party (we didn’t end up attending). We were able to move into the unit as planned on July 3rd, and took four total showers between then and Sunday afternoon. + +Our tenants, who were out of town for the holiday, came back Sunday night to find their bathroom lighting fixtures hanging from the ceiling, which was now caving in, their bathroom floor covered in a few inches of water, and water damage to the walls in their unit. Joe, who offers 24 hour emergency service, did not respond to any of our calls or texts. After calling a different emergency plumber last night, he removed the ceiling from the bottom unit, and we found that Joe cut the drainage pipe too short and didn’t glue it, and therefore each shower we took in the upper unit over the weekend basically drained right into the lower tenants’ ceiling over the bathroom. After calling our insurance company, they basically said that we are responsible for finding the insurance information for Joe. This is an issue as he has totally ghosted us despite multiple attempts to contact. We need to get this figured out as soon as possible for our (very gracious and wonderful) tenants, who are currently living in a ceiling-less bathroom. + +What are our options here? Is there any way we can find this information without going through Joe directly? Is our insurance company leading us down the wrong path? Can we take any action against this guy? This is our first property, and with everything that has been an issue in the unit, it really does seem like one step forward and two steps back. Any help would be so so appreciated! Thank you in advance!! + +TLDR: Plumber did poor work that caused damage in one of our units, and our insurance company is telling us that we need to find out his insurance information to get coverage for the damages. Unfortunately, the plumber is not responding to any of our attempts to contact, and we need to get this figured out and repaired ASAP because our tenants currently have a large hole in their bathroom ceiling! + + +2020 has undoubtedly been the weirdest year in the stock market in quite a long time. + +There has been a flood of new investors piling in that have created some very weird boom and busts in particular names. HTZ, GNUS, NKLA and KODK are all pretty notable examples where they grew with investor interest then suddenly crashed when expectations got too high. + +Despite the failings of these companies, most retail investors especially those who started after March are up significantly on their portfolios because of the sheer pump in many different industries. Even if they did join the NKLA or GNUS pump and lost, they should more than make up for it with some other hype stocks that are up at least 200% by now. + +I have been right there trading some of these hype names for quick easy money. I have been in NIO, VERY, MEAT, RIDE, ESE and NML to name a few and have made some decent money. That is not even factoring in my tech stocks that are up significantly since March lows. This has been a good year for me as I imagine it has been for you. + +Monitoring retail investors chatter online through Reddit, Facebook groups, Twitter and even things like Stockhouse I now believe we may be close to the peak of people piling into hype names. With those other failures I mentioned before, they were largely ignored by most individual investors and most of the chatter was still focused on good companies either in value or in growth (like FANG stocks) which I think ultimately led to them not taking off further. We are now at a retail investor cycle where the average investor is so overconfident from their gains this year that almost all chatter is focused on penny stocks that would be seen as pump and dumps in a normal year. Look through the daily discussions here or even just the front page and all anyone is talking about is penny stocks. Most of these stocks are going up at least 10% per day reminiscent of the bubbles of the marijuana boom and busts which I imagine most of these new investors did not follow. + +The level of overconfidence and the lack of caution in piling into penny stocks with major inherent risks I think will be a huge bagholder creation event and I was wondering if anyone had any thoughts on how this might unfold. I have been thinking about it a lot and I think there is really 3 scenarios that might unfold: + +1. A big name hype stock crashes the hype stock market + +A big name hype stock like Tesla or NIO crashes hard and drives down the entire hype market as people flee the rest of the highflying stocks. This could be a bad earnings report, serious share dilution to take advantage of overinflated prices or something that causes some question in the products quality. Every short report issued on one of these names has been largely ignored after 2-3 days so I doubt that any big short report could take them down. These are market leading stocks and could take the whole rest of the market out if they crash. + +2. The Government ends the party (early?) + +I don’t think that the penny stock market has been hyped enough to warrant the government to intervene in it, but they may be intervening on two other issues: housing prices and inflation. The Bank of Canada has announced that they are not raising rates until at least 2023, but this has caused further asset price inflation in housing. With a vaccine coming out, it seems possible that the government may cut this short and may slowly raise rates ahead of schedule. + +3. The penny stock market just becomes a big bust + +Without a big hype stock crashing it down or the government raising interest rates this seems to me like the most likely scenario. Like NKLA or GNUS, the penny stock market in general will peak after it reaches absurd valuations and will crash in unison with large profit taking. All penny stock names will just act as one big market rather than smaller individual booms and busts like has been happening all year. This could happen without warning at any time but will likely follow several days of severe hype like we are seeing now with large price growth. This will likely not affect large hype stocks which will have their day another time (maybe until the government raises interest rates). + +Does anyone have any other ideas of what is going to happen here? I think the writing is on the walls that we have reached a mania lately. I am expecting some down votes on this but hopefully someone has some good insight. +Hey fellow degenerates. I’ve been seeing some reports that 100s of millions of GME haven’t been covered yet. The Melvin Capital guy just (“under oath”) stated that prior to buying restrictions placed on GME by brokers, they had exited all their positions. However, I wasn’t convinced with that because the price kept going up for a bit (someone correct me if I’m wrong please). While seeing a lot of positive DD about this whole situation is good, you have to admit that it’s a little worrying when there’s not even a bear DD on this case. + +I’ve seen some due diligence on here and as good as been good and reassuring to read, I’m someone who likes to be realistic with everything including what’s happening with GME. I would like to do my own due diligence and find out what’s happening through my own research and have decided to start here by getting the perspective of those who have done their own DD. + +PS: Question to those who are up to date with the GME numbers: Say if it’s true that Melvin exited all their positions, can it be argued that these $350 million of uncovered worth of shares were placed when GME hit $450+ highs and that these positions will then be covered when shorts have driven the share price to a low price (this would make sense because buying of GME was restricted) . If true that would mean those who are still holding are just bag holders right? + +Edit: meant to say $350 million worth of shares on 350 million shares. +TL;DR: Owned Nissan Altima 5+ years, 100k+ miles... TCO: $0.39/mile + +I paid off my car loan in November 2017 and decided to see what the actual cost of the car was over the 5+ years that I've owned the vehicle. This was my first big purchase after starting my first job after college. I am an engineer and lived in a very low COL area when I purchased the car, yet gas was very expensive (rural upstate NY). [Here are some pictures to help you understand my explanation.](https://imgur.com/a/9Eo2T) + +**[EDIT]** if you look at the graph and chart linked above, you see that I have a KBB resale value of $9000 (as of 1/26/18) that I factor in to the equation. This is subtracted from the total amount spent and then divided by the total miles to get the TCO/mile + +**2013 Nissan Altima 2.5SL** +Purchased in Burlington, VT but registered in NY + +**Purchase Price & Financing** +Purchase price of the car was $24,349.82 after all of the applicable fees were added to the sticker price. I was very nervous having never bought a car before and was a little nervous negotiating, so I didn't do a very good job of getting the price down. (*Having bought a car with my wife in 2017, I was much more informed and negotiated a better trade-in value of her old car*) I put $4000 down after saving up for several months. Still living on a college student's budget but making engineering money allowed me to have a lot of expendable income that I stowed away to purchase the car. I had minimal credit, so I was given a 4.99% interest rate if I financed the car for 5 years through Nissan. *[EDIT: Payment was $384/mo for 60 months with some months paying extra]* + +* Purchase Price: $24,349.82 (after tax/tag/title/etc) +* Down Payment: $4,000 +* Interest Rate: 4.99% +* Loan Terms: 60 months +* Total Paid: $26,984.30 +* Interest Paid: $2,634.48 + + +**Gas** +Starting day one, I kept a Field Notes Traveling Salesman edition notebook in my center console and logged the date, mileage, $/gal and amount of gas every time that I filled up. Looking back on the graph, you really can see inflection points during some of my major life events (job changes, extended vacations, etc). + +* Total gas used: 4114.286 gal +* Total cost: $10,149.57 +* Avg $/gal: $2.50 +* Avg mpg: 26.2 + + +**Maintenance, Insurance, etc** +I have tried to be very strict with my preventative maintenance on the car so that I can drive it for a loooooong time. I have gotten oil changes every ~6000 miles (full synthetic) and tire rotations on a similar interval. I have had to buy 2 new sets of tires over the 108,000 miles in 5+ years which have included free rotation, balance and nail repair (shout out Discount Tire!). General consumables, I have replaced myself including brake pads, air filters, cabin air filters, broken interior door handle, wiper blades. + +I have had 2 minor non-warranty repairs done on the car over 5 years which were paid for out of pocket.They were: A/C fan clutch & related parts ($1205) and dent on the driver F & R doors from being backed in to ($1318). Having only 1 mechanical failure after 108,000 miles is pretty impressive. + +* Number of oil changes: 19 +* Oil change cost: $1086.90 +* General parts: $334.51 +* Repair - non-warranty: $2522.33 +* Tires: $1254.42 +* Insurance: $7319.71 +* Registration/Inspections: $1144.75 + + +Overall, the Total Cost of Ownership comes out to $42,301.44 (see [graphs](https://imgur.com/a/9Eo2T) for specifics) at time of writing with the odometer reading 108,657. This comes out to a **TCO/mile of $0.39**, which it significantly less than the IRS standard rate. I am happy with my purchase as it has been a very reliable car, **HOWEVER** I do not think that I will purchase a brand new car next time that I am in the market for a vehicle. + +Let me know what you think about my breakdown and my financial decision to buy a new car as a 22yr old individual. + +I love data and numbers, so today I want to see how these coins doing. Putting a bit of excel skills and data analytics into this mini analysis on a boring rainy Sunday. Quite interesting to see some lesser known coins back then have now well on the nice moves, but at the same time many coins have fallen into oblivion. + +**1. Changes in relative rankings** + +A whooping 120 coins have now out of top 200. The trend is quite clear: almost all of the coins ranked on the second half (101st - 200th) are now out of top 200. Nevertheless, 41 out of 50 coins on top 50 back then are still on top 200 now. + +&#x200B; + +https://preview.redd.it/n2t27137jgz71.png?width=690&format=png&auto=webp&s=3586f78b65df1f3a1a004da9c624c64437607f01 + +&#x200B; + +Please do note that drop in ranking doesn't mean the market cap is going down. In some cases the market cap still go up. However, market cap goes up doesn't guarantee increase in coin price because of changes in circulating supply. + +Mildly interesting: the coin that ranked 200th back then is BUSD, is now ranked 19th. No change in value because it is a stablecoin but the market cap has increased by almost 800 times from $17M to $13.53B. + +&#x200B; + +**2. Top 20 now - the traditional and the new comers** + +A number of coins on top 20 now were not even launched in Jan-2020. They are: SOL, DOT, SHIB, AVAX, UNI. WBTC was newly launched back then with a very low market cap. + +&#x200B; + +https://preview.redd.it/drecswhajgz71.png?width=968&format=png&auto=webp&s=0548587a7db6e5b7d15426d11fcfaecd964f1f00 + +* USDC, DOGE, LUNA, ALGO and BUSD were coming from outside of top 20 back then. +* In terms of ROI, it is actually LUNA that increased over 20,000%, followed by DOGE with 10,674%. +* Later during the year, SOL came into the market with only $0.78 per coin in April 2020. It has since then increased by 29,803%. + +&#x200B; + +**3. Top 20 back then - where are they now?** + +Only 1 coin of top 20 back then is now gone (999). Most are doing well from investment perspective. + +&#x200B; + +https://preview.redd.it/t6v2a9eejgz71.png?width=827&format=png&auto=webp&s=15d4ca01613b03bc52f42d8ff6468b1aeb8e4f57 + +Quite interesting to see diversification doesn't always work with crypto. The top 2 average returns is almost double that of the top 100 or top 200 portfolio. + +&#x200B; + +**4. Big gainers - the ones that gained over 10,000%** + +Fancy some rags to riches stories? Here are the ones that rose over 10,000%. FANTOM and LUNA top the charts here. + +&#x200B; + +https://preview.redd.it/4w49cqxijgz71.png?width=493&format=png&auto=webp&s=79efadfa5e0928ce4bcb14c5f75210c7ec581e84 + +Please note these are only from Jan-2020. There are coins that gained big but weren't launched in Jan-2020 such as Solana or Shib. + +**5. The ones that go to zero or near zero** + +And now we talk about the other side of gambling. Various coins have lost over 90%. And if it lost 90%, which is $100 to $1, it will need to increase 9,900% just to get back to break even. + +&#x200B; + +[Some of these coins sound very obscure as well. They are now forgotten.](https://preview.redd.it/s4sgr8xmjgz71.png?width=1041&format=png&auto=webp&s=a7542663202a610cc9b35e720d6bfa42fa8a79f2) + +&#x200B; + +**6. Summary of gains or losses** + +As noted above, the returns for top 200 coins if you spread investment equally would be around 1,200%. There were big gainers but also a lot of big losers. + +&#x200B; + +https://preview.redd.it/akb37c9rjgz71.png?width=275&format=png&auto=webp&s=14c57d6fd57aed844354bf454a97d507b4903da5 + +**Caveats:** + +* I source data from Coinmarketcap and price movement from yesterday may change a bit, but I don't think it will shift any rankings significantly. +* Care had been taken but I can't guarantee 100% accuracy. +* Let me know if you want something to be added or changed. +* No staking rewards or other passive income or transaction fees are taken into account. These vary a lot and hard to quantify accurately. +Bulb's official press release: https://bulb.co.uk/blog/bulb-special-administration + +Currently Bulb will continue to run until the administrator decides what to do + +[What customers should do if they collapse(BBC Link) +](https://www.bbc.co.uk/news/business-58662667) + +* Take a meter reading (photograph of the outside unit, not how much you've used this week) +* Get a copy of your most recent bill showing your balance. You might not be able to log in to your account (I couldn't today) +* Sit tight. Do not attempt to start a transfer to another provider. This will be done automatically over the coming months. + * In any case, the [government tariff cap](https://www.reddit.com/r/UKPersonalFinance/comments/q770um/does_anyone_know_the_actual_ofgem_unit_rates_and/) is the cheapest currently available, so you won't find a better deal elsewhere +* Do not cancel your direct debits + +Notes + +* If you already have a transfer in progress, don't cancel it. Depending on how far through you are, it will probably complete. +* Your energy will not be disconnected at any point. +* Any credit (or debt) in your account balance will be transferred to your new provider +I'm a newbie in real estate investing. I've been seeing posts about folks having 10+ properties. So this clearly means they don't have much to do in the day-to-day running of the place (presumably using a property management company). + +My somewhat naive question: what limits people in how much they can increase their NW using real estate? I get the general idea of using leverage and buying new properties (and using property management). But once you have a property and a cash flow, you should be able to use that to get your next property, and so on. + +I'm assuming this does not actually work because Robert Kiyosaki (author of Rich Dad Poor Dad) is worth only $100M. + +What am I missing here? Are there some tax laws that make it harder once you cross $10M or so? Does it become harder to find new properties? Does simply keeping tabs on your property managers at the 10M level become hard? +I think Netflix should be replaced with Microsoft, considering Netflix has a much lower market cap than Microsoft, and the fact that Netflix isn’t as diversified in different sectors and products, like how Microsoft is. + +I just don’t think Netflix has as much to offer and that is doesn’t deserve to be in FAANG. + +If Microsoft were to replace Netflix is FAANG, what should FAANG’s new name be? + +FAAMG? FAGMA? +https://www.cnbc.com/2019/04/02/house-committee-passes-secure-act-for-401k-plans-amid-retirement-income-crisis.html + +Not a lot of this was surprising (incentives to small employers to allow access to full and part time employees for 401k plans), but one item that stuck out to me was increasing the options for 529 utilization to private school tuition and home schooling, as well as student loans. + +What are your thoughts on this bill? Will it move the needle in terms of helping people better prepare for retirement? +Got an interesting proposal today to purchase a winery in Southern CA from a family friend. TL'DR Seller is old 75-85's and his children don't have interest in running/are mismanaging and he wants to sell it for a bargain price 50% off. It would still 10mil+ (hiding specifics for privacy) for just the winery and I'd have to build the resort after which I'm thinking would also be a wedding spot built into the mountains. I'm thinking if I buy the winery for $10mil, put 5mil into to build the resort, I can cash out the equity with a 40mil value 10 years from now. Financing it isn't an issue. + +I have experience with residential multi-family real estate but 0 experience with winerary's or building and managing resorts. I'm interested in this project because the financials make sense (in theory anyway) and it just seems like a cool project for me sink my teeth into. + +So here's the question for the community. + +1. How often do you get interesting proposals like this that are viable? If I pass, are these types of things common enough. Context I'm 27 and haven't had the opportunity to build up my network and don't know if stuff like this is common. +2. Anyone wish they just enjoyed retirement (think travel vs this) instead of taking on projects like these? +3. I'm a software guy and I do own property and have experience managing labor but a winery and resort are a huge shift kinda sorta. + +Do you guys think if you are a competent person with strong common sense and a proven track record in other industries that you can come over to any other field and succeed? I don't want to be Elon Musk overconfidently buying twitter and blowing a bunch of money just because I think I'm 'good' at anything I do. + +&#x200B; + +Edit: After reading the comments, I am now leaning away from buying the winery. Yes I know I'm an idiot for even considering it but I really do think it's viable at least on paper. The land value from the appraisal report I received is 100% of the purchase price. I'm essentially getting all of the buildings, machinery etc for free. Anyone wondering about the acerage its 500+ acres. + +Edit2: People are telling me I'm room temperature stupid. I accept that I might be and I'll very strongly consider not proceeding forward. You're right I know nothing about this business and I'm not willing to sink a lot of my time. Fun fact I dislike the taste of wine and I doubt I've ever had a more than a few glasses in my life. Added that last fact to make the angry mob more angry. I do think the actual business is viable. The math works. + +Edit3: The winery would be a hobby for tours. I'm much more interested in the hotel resort. Also plan on to develop and build residential housing which I can sell/rent which I do have interest in. I've never run a hotel but I know it's fairly easy and straightforward. I've invested in hotels and have experience in how they operate but have never managed one day to day. I can call upon my network for assistance with the resort/hotel. +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. + +&#x200B; + +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.) +Hello, +I don't often ask questions like these, but I'm in situation, that is very hard for me to assess with clear head. + +Six months ago, I was layed off during big cut off in corporate firm I was working for. I was struggling to find suitable job and ended up accepting help line desk job. Two days before my first day at that job, my father in law offered me a job in his company. It's his company, that he runs with his son for more than 20 years (with smaller and bigger hickups, as small company does). The company is very stable last 8 years, employing 6 people (I'm 7th) and their specialty is towing. They work for the most expensive dealers in here - Lamborghini, Ferrari, Porsche, BMW as well as others. I started here as administration worker / accountant as I don't know anything about cars (have really no interest in them). They really needed someone like me because their administration and office was a hot mess. After 3 months here my work flow dropped significantly, because most of the planning and cleaning was done and now I don't have really that much work during my 8 hour shift. I'm helping with what I can and have nice longer pauses during day. I quite like the accounting and planning parts of this job and enjoy the people. My salary here is 25000 CZK, after taxes, which is let's say Republic avarege, and have benefits like free petrol, free phone, and I can buy lots of stuff trough company with discounts. +Because of this lower work flow I started thinking about going back to corporate, and only doing the accounting part of my current job. The corporate job has similar salary, home office, but not nearly anything on the level of other benefits I get now. I would also probably make around 6000Czk for accounting I would still do for my current employer. As well as being probably more demanding, I feel afraid to jump the ship after 6 months, not to damage my relation with others here and also as my father in law gets older my position here can grow. I knew in the start that this family business would be the biggest problem and here it is. +I also go left and right on the corporate side of things as I was in corporate before and I didn't like it that much after few months, as I find it really mindless and that very mentally taxing on me - I think this is my personality problem as it seems to me that I quite like the novelty of the jobs I had but never enjoy the lack of diversity after some time. + +My other option to fill my fee time during day is to find a side hustle (for example I'm now applied on position for translating articles about watches) and bring bigger income this way (about 3000 - 5000czk). What's great is that here I can manage anything I need during day and nobody is giving me looks, since they are all happy to work with me and I take care of everything paper related, which they hate. + +I would appreciate any advice, I know it is slightly more life question than pure finance, but I really didn't know where to post this +Thanks for reading and have a nice day. +i'm new into investing in crypto but i'm already seeing some gains ( Still learning, bound to do some mistakes) , its just insane to me that some little gains have so much value here. + +I live in Brazil, things are REALLY rough here right now, alot of close people dying to covid, got a pay cut because of the quarantine ( Still, following it is the best course ) and the economy is getting worse everyday. + +Investing in crypto is the thing keeping me afloat, i had some gains ( 35 dollars ) from the BnB rise and it was already enough for my food supply of the month!! It felt so good to know that i can have this support. + +Thank you all that paved the way for this, and all that keep the market moving. +So my question is, who sets the ETFs price? I know the company issuing the ETFs can rebalance the holdings to increase/decrease the price so does it mean that the ETFs trading on the market are always equal to the price set by the company? Or are they like stocks where investors manipulate the price? +This doesn't really apply to me, but say you had $1,000,000 Dollars that you want to invest and you put it in a ETF such as **S&P 500 ETF.** + +I think I read most of the years, it'll return at least over %5, so excluding compounding interest, that could be upwards of $50,000. I know some years will be down so you can't rely on that, but I do wonder if people ever live off a strategy like that. I'm guessing I'm also not factoring in capital gains, but if you had a $1 million or so in the index, you could probably be pretty certain every 3 years you'd make another $100,000 which you could pull from the fund. Obviously the tricky part is having all that capital to begin with, but seems like kinda an interesting concept. + +I am guessing there is going to be a reason why you can't do this or something I've overlooked. +Coke is just soda. + +Levi’s are just jeans. + +The iPhone is just a phone. + +Yet, we go out of our ways to select certain brands over others - most of the time at a higher price \[1\]. Everyone knows the importance of reputation for a company. Highly reputable brands have multiple things going for them: + +* Their customers are extremely loyal and drive recurring purchases +* The public is vocal about recommending their brand and products +* Easier to expand to other markets as their reputation precedes them + +Basically, you can consider having a great reputation to be a positive feedback loop on steroids! In an economy where 70-80% of the market value of a company comes from intangible assets like brand equity, intellectual capital, and goodwill \[2\], reputations can make or break a company’s performance. + +In one of my previous analyses, we had discovered and proved that the [best companies to work for routinely beat the market in stock returns](https://www.reddit.com/r/wallstreetbets/comments/ok4l9c/i_analyzed_the_performance_of_companies_in_the/). So this week, let’s see how the most reputed brands have performed over the last decade! +___ +**Data** + +While there are multiple companies that measure reputation, I chose the [RepTrack](https://www.reptrak.com/) list for my analysis as they seem to be the most established ones and have been creating their top 100 list for the last 2 decades. + +They base their study on more than 240K responders over 15+ countries and the rating tells us how the companies are regarded by the general public. They have multiple factors that go into the final ranking, but for this analysis, I am only considering the final rank of the company. + +I am considering the companies that were present in the Top 10 list at least once in the last decade \[2012 - 2021\] +___ +**Analysis** + +RepTrack publishes their result in March, every year. Since I could not find any fixed date of publication, for the purpose of the stock price calculation, I am using April 1st of every year as my investment date. + +Even though the company produces a Top 100 list, I have limited my analysis to the Top 10 companies \[3\]. We then calculate the stock returns generated by these companies \[4\] over various time periods (1-year, 3-years, 5-years & till date) and then compare it to our benchmark. \[5\] +___ + **Results** + +**Return Comparison - SPY vs Top 10 - Most Reputable Brands** + +|Time Period|Most Reputable Brand (Avg Return)|SPY (Avg Return)|Alpha| +|:-|:-|:-|:-| +|1 Year|17.1%|16.2%|0.9%| +|3 Years|44.8%|41.2%|3.6%| +|5 Years|94.1%|77.9%|16.2%| +|Till Date|188.3%|136.4%|51.9%| + + + +Companies in the most reputable list have consistently beaten SPY over different time periods. There is a significant improvement in overall return when holding the investment for a longer-term. + +My hypothesis here is that, even though the short-term returns can be affected by market cycles, over the long run, companies having a great reputation end up outperforming their peers, and this is reflected in their stock price. + +[Another interesting insight](https://preview.redd.it/shv1yw10q8q71.png?width=761&format=png&auto=webp&s=2b85dbf0596b22f9d93bfa3f1cd954f012e9e796) we can derive from the data is the performance of the top-10 companies in each year’s list. As we can see, the most reputable brands beat SPY by a considerable margin in 7/10 years \[6\]. +___ +**Limitations to the Analysis** + +There are some limitations to the above analysis that you should be aware of before trying to replicate the strategy. + +* Ideally, the backtest should be done over 30-40 year’s worth of data as we would know how the changing trends would impact the analysis. The last decade or so was predominantly biased towards tech. +* One should also benchmark this against the companies having an average or poor reputation to see if reputation is indeed a distinguishing factor that is driving the returns. \[7\] +* Finally, reputation is just one factor related to the company. There are companies whose reputations are in the gutter but have produced extraordinary returns for their shareholders (Facebook gave 175% return & Volkswagen gave 117% return in the last 5 years even after all the scandals they have been through). +___ +**Conclusion** + +Whether you like it or not, brands seem to have a significant impact on our daily lives. Just think about the number of times you/your friend have sworn by a brand and recommended it to everyone \[8\]. Almost all the brands in the top 10 list (eg. Rolex, Ferrari, Adidas, Harley-Davidson) have users that are extremely loyal, willing to pay a premium, and acts as unofficial spokespersons for the company. + +Our analysis, in turn, proves that all these positive factors cause the company to outperform the market! So now you know what to do next time when your friend is swearing by a brand. + +Until next week… + +Google Sheet containing all the data used for analysis: [Here](https://docs.google.com/spreadsheets/d/1GXIVdlQBYW8PWbvJSHNvV9obf2p9Ql-dWR5vb1-JeKo/edit?usp=sharing) +___ +**Footnotes and Existing Research** + +\[1\] [This great video](https://www.youtube.com/watch?v=4eIDBV4Mpek&ab_channel=BigThink) by Big Think showcases how Apple and Nike have spent billions of dollars for creating a positive brand image in our brains and most of us, in the end, are not rational customers. + +\[2\] [Reputation and Its Risks](https://hbr.org/2007/02/reputation-and-its-risks) \- Harvard Business Review + +\[3\] The main reason for stopping with the Top 10 is the manual data pull process. They do not give a stock ticker associated with the stock nor is the list easily parsable. Given we are pulling data for 10 years, I limited myself to the top 10 companies. + +\[4\] A stock is only considered if it’s directly investable from the US market and is an independent company (Examples of companies ignored - Rolex, LEGO Group, and Bosch) + +\[5\] Before you come at me with Pitchforks for using S&P 500 instead of Nasdaq Composite, please take a look at the list of companies. It’s from a wide variety of industries. Adding to this, even though tech provided the majority of returns, starting in 2012, you would not have any idea about the tech run we would be having over the next decade. + +\[6\] I don’t think 2020 and 2021 should be counted here due to two reasons. First, it’s not enough time as we can see from the first graph (there is very little difference in performance over 1 year period), and secondly, 2020 was one of the largest bull runs in the history of SPY. + +\[7\] [This report](https://www.rankingthebrands.com/PDF/Global%20RepTrak%20100%20Report%202016,%20Reputation%20Institute.pdf) by RepTrack shows the impact the Emission Scandal had on Volkswagen + +\[8\] Micheal Platt, Professor of Neuroscience at Yale [did a study](https://www.youtube.com/watch?v=4eIDBV4Mpek&ab_channel=BigThink) that showcased that Apple users show brain empathy response to the Apple brand exactly the same way they would to a family member. Strangely, Samsung users did not have any positive or negative responses when good or bad news was released about the brand +The answer based on historical data is **you should invest now.** + +Here is an image to look at:https://imgur.com/PL9tyrP + +The above graph looks at the distribution of 5-year returns after the market has reached an all-time-high (using daily SP500 data from 1950 to 2019) and comparing that with 5-year returns for every single day in the market. The point of the graph is to show that the returns for all-time-highs are not significantly lower than average market returns (and in some cases, like the 5 year case) actually have a higher mean return than the average market day case. + +The takeaway is that you don't know what the market will do on a daily basis, but historically it's mostly gone up, and it doesn't really matter which day you start investing or put that lump sum into the market. (Of course you can pick out a specific case where that isn't true, but without knowing what that is before-hand, you should just invest). +Elon Musk said Tuesday he’s met his goal of selling 10% of his stake in Tesla Inc., and criticized California for “overtaxation.” In a nearly hourlong podcast interview with the satirical website the Babylon Bee, the Tesla TSLA, +4.29% CEO said: “I sold enough stock to get to around 10% plus the option-exercise stuff, and I tried to be extremely literal here.” + +According to a Securities and Exchange Commission filing, Musk exercised 2 million more options and sold nearly 584,000 more Tesla shares Tuesday, bringing the total number of shares sold over the past month-plus to about 13.5 million — slightly shy of the roughly 17 million shares that constituted his 10% stake as of Nov. 7, when he posted a Twitter poll asking whether he should sell. He’s made more than $14 billion in those sales. But over that time he’s also exercised options to buy about 16.4 million stock options at about $6.24 a share, actually increasing his stake in the electric-auto maker. + +Musk also tweeted Sunday night that he will pay more than $11 billion in taxes this year. That equates to about 8.06 million of his recently sold shares going to his tax bill on stock options set to expire next year. Musk, who has insulted top Democrats in recent weeks who have called for him to pay more in taxes, took a parting shot at California’s high taxes. + +“California used to be the land of opportunity and now it is… becoming more so the land of sort of overregulation, overlitigation, overtaxation,” he told the Babylon Bee. + +This year, Musk moved his residence and Tesla’s corporate headquarters from California to Texas, which has significantly lower taxes. Musk is the world’s wealthiest individual according to Bloomberg’s Billionaires Index, with a fortune of about $245 billion — up nearly $89 billion this year alone. In Tuesday’s podcast, Musk reiterated that his wealth is tied up in stock. “It’s not like I’ve got some sort of massive cash balance,” he said. Tesla shares gained more than 4% Tuesday and are up 33% year to date. The company’s stock has soared more than 1,100% over the past three years. + +[https://www.marketwatch.com/story/elon-musk-says-hes-sold-enough-tesla-stock-to-satisfy-his-10-goal-11640149728?mod=mw\_quote\_news](https://www.marketwatch.com/story/elon-musk-says-hes-sold-enough-tesla-stock-to-satisfy-his-10-goal-11640149728?mod=mw_quote_news) +Is anyone else strongly factoring the very real risk of climate change on where they will buy a property once they retire. I’ve always envisioned buying some land in the blue mountains but with the recent IPCC report, it no longer seems like a sensible idea due to the rising risk of bushfires. + +It seems that colder climates will withstand the climate changes the best. Tasmania seems like a good option and so does NZ. + +I feel like people will shift away from seaside properties and shift to land which is high up and in cooler areas. + +Am I overthinking this or is it a genuine concern? +Just curious what everyone out there is seeing. I'm in ATL and we're definitely seeing some signs of softness. It's not a crash by any stretch of the imagination, but here's what I see: + +\- Late 2017 and early 2018 had almost ZERO supply of turn-key ready homes sub $300k in any of the nice neighborhoods (thinking OTP like Marietta, Sandy Springs, etc.). In the "up and coming" places with gentrification, you saw a ton of 1,000-1,4000 sq ft homes get into bidding wars for about $75k-85k (anything around the Belt Line, west midtown, etc). Bidding wars abound, and the rehabbed homes were easily hitting $225k-$250k (depending on area, size, finishes). + +\- Nowadays anything sub-$75k is sitting on the market longer if it's over-priced, there is a TON more supply in that price point vs. almost nothing about a year ago (or bidding wars). At the higher end homes, we've seen a lot of homes with price reductions (esp OTP). Those homes in the mid-$200s and now trading in the low $200s. + +Probably a combination of equities selling off Q4 2018 and interest rates hitting multi-year highs in the same period. + +What's going on in your local market? +I've spent the last few months reading all the DDs, ingesting all the information, trusting but VERIFYING everything I read. + +I've been here since late last year and I've been following along extremely closely. + +The only way the hedgies and Citadel can STOP the short squeeze is the following: + +# - They can't. + +I've come to the unfortunate conclusion that this is the only option. They simply cannot. + +# You will be out of a job soon. Protect yourself. Claim your millions of dollars NOW. + +Now that the interns INSTA CLICKED on this post, let me inform you about how you can earn TENS OF MILLIONS OF DOLLARS overnight: + +https://www.sec.gov/whistleblower/submit-a-tip + +# The SEC just awarded **$25,000,000** EACH to TWO individuals who blew the whistle. + +https://www.sec.gov/whistleblower/pressreleases + +# The SEC has now awarded approximately $812 million to 151 individuals since issuing its first award in 2012. + +# That's over $5,000,000 on AVERAGE. + +The best part is that the SEC will PROTECT your identity. You can keep the money Citadel and other hedgies paid you to not whisteblow, AND pocket the tens of millions you'll get from blowing the whistle on the biggest financial fraud that has ever occurred. Do you not want to be a part of history? You will be FEATURED in the movie. + +CLAIM YOUR REWARD BEFORE SOMEONE ELSE DOES! + +Here's a little preview of your potential rewards from JUST this year: + +- April 15, 2021: SEC Awards Over **$50 Million** to Joint Whistleblowers + +- April 9, 2021: SEC Awards Approximately **$2.5 Million** to Whistleblower + +- March 29, 2021: SEC Awards Over **$500,000** to Whistleblower Under "Safe Harbor" for Internal Reporting and Surpasses Record for Individual Awards + +- March 9, 2021: SEC Awards Approximately **$1.5 Million** to Whistleblower + +- March 4, 2021: SEC Issues Over **$5 Million** to Joint Whistleblowers Located Abroad + +- March 1, 2021: SEC Awards Over **$500,000** to Two Whistleblowers + +- Feb. 25, 2021: SEC Issues Whistleblower Awards Totaling Over **$1.7 Million** + +- Feb. 23, 2021: SEC Awards More Than **$9.2 Million** to Whistleblower for Successful Related Actions, Including Agreement With DOJ + +- Feb. 19, 2021: SEC Awards Almost **$3 Million** Total in Separate Whistleblower Awards + +- Feb. 4, 2021: SEC Charges Investment Adviser and Others With Defrauding Over 17,000 Retail Investors + +- Jan. 14, 2021: SEC Awards Nearly **$600,000** to Whistleblower + +- Jan. 7, 2021: SEC Issues Over **$1.1 Million** to Multiple Whistleblowers + +edit: formatting +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! + +# [UPDATE THREAD HERE](https://www.reddit.com/r/personalfinance/comments/a69km8/update_robinhood_checking_and_savings_may_not_be/) + +**Due to issues with Robinhood referral spam, this is the one and only thread we are going to allow on this topic.** + +___ + +**Overview:** + +[Robinhood is launching a new zero-fee checking and savings account feature.](https://blog.robinhood.com/news/2018/12/13/introducing-robinhood-checking-amp-savings) + +- No monthly fees, no overdraft fees, no foreign transaction fees, and no minimum balance. +- 3% interest rate +- Mastercard debit card issued through Sutton Bank. +- **Not a bank account, insured by the SIPC instead of the FDIC and may not qualify for SIPC protection, see below** +- Free access to 75,000 ATMs, many of which are located in such retailers as Target, Walgreens, and 7-Eleven. +- Signing up people now, but debit cards won't be active until January. + +___ + +**SIPC Coverage:** + +Robinhood [claims](https://support.robinhood.com/hc/en-us/articles/360001469903) that accounts will be covered by the SIPC. However, this claim now appears to be dubious given comments by the director of the SIPC, who, in an interview with Bloomberg, [said](https://www.bloomberg.com/news/articles/2018-12-14/sipc-says-it-has-serious-concerns-about-robinhood-s-new-product): + +> "I disagree with the statement that these funds are protected by SIPC," Stephen Harbeck, president and chief executive officer of SIPC, said in an interview Friday. "Had [Robinhood] called us, I would have told them what I just told you in that I have serious concerns about this. This has gigantic ramifications for the banking industry." + +Current media coverage of this issue tends to support the idea that Robinhood checking funds would not qualify for SIPC coverage ([here](https://www.axios.com/robinhoods-new-checking-account-b2b0df32-40c6-4bd1-b336-2408b27f16b0.html), [here](https://www.cnbc.com/2018/12/14/sipc-chief-raises-concerns-to-sec-about-robinhoods-free-checking-accounts.html), and [here](https://www.barrons.com/articles/robinhood-app-is-offering-a-3-interest-rate-to-take-on-the-banks-51544723146)). + +___ + +# Please do not post a referral link or hint about referrals in this thread or you will be banned. We want to keep the subreddit free of spam and advice given for the wrong reason (i.e., self-benefit). + +My current work shoes are on the way out and colleagues are saying I should buy some RM Williams due to its comfort and quality. They also say that it works out cheaper in the long term as it last longer than the usual $200 business shoes you can buy at Myers or David jones. Do you finance savvy people think it's works out better financially in the long run? +This sub is a joke, no seriously this sub is legitimately bipolar on sentiment and flips on a dime. Here’s a reminder for y’all lurkers here or a wake up call for people who actually take the time of day to shitpost: + +1. Nobody who’s even close to being a big player or is knowledgeable about the market is wasting their time on fucking r/cryptocurrency + +2. Most “advice” you get on here is from hodlboys or plain shills trying to jerk their own dicks by echoing the same copy paste moon statements. By the occasional mercy of god there’s a post that makes life worth living but those are usually rare. This post is also not one of them. + +3. No you won’t get rich hodling a mass shilled top 100 coin for a week, a month, maybe a year. Jesus Christ if it took early bitcoin miners years to go from a couple hundred to almost 20k you won’t make it with a short term focus. + +4. Putting a couple hundred or thousand dollars does not make you an “investor” or at all knowledgeable about blockchain. Losing your money sucks learn from mistakes instead of dragging others down. + +5. Comments that say “3k next it’s over boys” with 30 upvotes does NOT legitimize that claim, assume it’s 31 idiots sharing a herd mentality with no basis for their arbitrary prediction. + +6. Anything that has to do with price on r/cryptocurrency should not be taken as financial advice. Nobody on this sub actually know which way the markets will turn, TA works in very niche circumstances and cannot predict movements based around obvious facts or fundamental trends. + +That’s all I have to say for now, my fingers are tired. I’ve been in the space for some years now and this sub is a place I frequent despite all the cancerous shit I see daily. The memes are fucking comedy gold and I will always love you guys for being here with me. + +TL;DR do your own fucking research and don’t listen to anyone announcing the direction this market is heading. + +EDIT: Some people apparently are not seeing the point of this post or get some kind of joy mocking if. Allow me to make some things clear: + +No I’m not angry or have any personal salt nor am I projecting my expectations of what this sub SHOULD be but rather I’m only letting people know what this sub IS at the moment and what to be wary for. I was once new to the space and foolishly trusted the advice stemming from fickle sentiments and made mistakes doing so. All I hope to achieve with this post is for people to realize that this is not the place for accurate predictions regarding market movement and to be careful, That’s all. + +EDIT 2: Thanks for gold. It is currently too difficult to respond to the sheer volume of comments thus I am unable to answer every new question that gets posted, sorry. +\[EDIT: Thank you all for your thoughts and sharing your experiences - very helpful perspectives, exactly what I was looking for from people on this forum. + +I've been busy with work this past week so didn't get a chance to read through your comments until recently - so I wanted to loop back and say thank you. + +Also - my wife saw that this thread as well and read through your responses, and then we had a good discussion afterwards. + +Lastly - I'll keep working for the next 2-3 years (can double savings; I enjoy my job still; extended bull market right now makes me feel uneasy about future correction, so good to have more income/cash on hand that we can invest if a crash does come). + +END\] + +Hi I'm new to the fatFIRE concept (didn't know this sub reddit existed) but familiar with FIRE for a decade now. + +I'm 37/M with a family (wife + 2 young kids age 2 & 5) and NW of \~$2.6M right now. + +My target number for FIRE was $3M, and I'll basically achieve it by the beginning of next year (after bonuses for this year are paid out). + +I'm having difficulties pulling the trigger for a few reasons: + +* Wife works - but is not fully on board with me retiring in the next year because I make around 10x what she makes, and she is worried we don't have enough saved up for the 2 kids (and she also cares a bit about the 'status' aspect of a high paying job - so her plan is for me to retire a few years earlier than her, so she can first see how it is for me) +* I'm at the peak of my earning power right now (my annual income went from $400K/yr 4 years ago to \~$1.2M this year because of a bonus/stock plan; the plan will last for 3 more years and increases a little to about $1.5M/yr), so I have this mental block of 'if I take advantage and just work for 3 more years, I can double our savings and retire with significantly more retirement income' (and can FatFIRE) +* It wasn't in my original FIRE plans - but in my fatFIRE plan, I would like to share some of my savings with my parents & sibling because they do not have nearly the same earning potential I do (parents and sibling income are all in the range of \~$35K-$50K/yr with limited/no growth potential); I feel like every year I work is like potentially saving 10+ years of them working, so it feels bad to RE. If I work for 3 more years I can give them each significant amounts of money every year and still have above my originally planned income. +* My job overall is good - its stressful at times, but I feel like I'm still learning/growing and generally enjoy the people I work with on a day-to-day basis - and decent work/life balance + +Reasons I really want to RE now are all mostly family related: + +* My kids are still young, I really enjoy spending time with them, and want to do more of it before they grow up (right now we have hired-help to take care of them during the day time/after school - since my wife and I both work) +* My parents, siblings (and by extension nieces and nephews) live a long plane ride away from us and I'd like to not be constrained by my job/location/time and see them more often (and taking my kids to play with their cousins as well) + +I don't have a super clear question - just wanted some advice/thoughts. + +Part of me is afraid that there will always be the next reason to stay for 3 more years (another bonus/stock plan, another opportunity etc) and I'll just keep going until it too late and I'll look back and regret my decision when my kids/niece/nephews are all grown up (or parents pass away). + +For those of you that started out with a FIRE goal and transitioned to FatFIRE - what was the reason that you decided to keep working? Would you do it again if you had the choice? +I want to diversify my passive income portfolio and I want to focus on high dividend growth stocks. I already own APPLE, MICROSOFT and VISA. What high dividend growth stocks do you guys own? Thanks for any recommendations +Am I missing something or would you have to payout the money the bank would have made on that mortgage? Like could you just eat the higher rates for two or three years and then try to lock in a cheaper payment when the rates drop? + +First timer +I hope this helps at least one person. No one should get slapped with a bill or collections notice that is not their responsibility then get told to “just pay it.” + +My loving husband came with a very nasty ex-wife. They were AT&T users and after they split, he did a transfer of billing responsibility(TBR) to split their account so she would be responsible for her line and phone and he for his. He got a new account for his line and phone payment. After we got together, we paid off his phone, closed his account (“Thank you, Mr. X for your service all these years. You have a zero balance. Have a nice life” or whatever they say when you leave them) and he was added to my Verizon account. All was well, right? + +A few months later, we got another collections letter. (We already paid off all his other collections and credit card balance from her.) Of course, I was pissed because this one was $800 and I thought we were done paying off his past. So he called AT&T to ask about the bill. “Mr.X, your account is showing a zero balance. Disregard the letter, we’ll take care of it.” Ok, cool. Keep in mind, I have no idea how collections work because I’ve never made a late payment in my life. + +I can’t remember the exact timing, but we received another collections notice. Now we have a mortgage and a baby, I was on unpaid maternity leave, and what we don’t have is an extra $800.00 laying around for this bill. Again, I’m pissed. My husband was/is working from home (Thank you, COVID) and when he came out for break I had him call AT&T again. The call lasted TWO hours. (His amazing boss put him on PTO to deal with it.) I won’t go into the details but the just of it was that the TBR was not done properly so when Ex-Wife decided not to pay her bill, it got kicked back to my husband. They said it looked like someone just copied his old account and threw the bill onto there, so it would be classified as fraud because the account was open without his knowledge. Ok, cool. We’re done. + +Nope. Two weeks later, the fraud department sends us a letter stating there was no fraud and he was responsible for the bill. WTF. Then I got on the phone. I had finally gotten someone on the phone who could see the failed TBR, how the line and phone was supposed to be transferred to Ex-Wife’s mom, and that my husband was not responsible. Woo-hoo. + +Nope. And then I got transferred again and again and again. I end up on the phone (finally) with a manager. This B tells me “Mrs.X, I don’t see any history of a TBR or your husband calling in during the time you’re stating.” WTF. I thought we were finally getting somewhere. She told me, “ The same thing happened to me when I split with my ex and I had to pay his bill.” She told me to just pay the bill. HELL NO. + +I spent FOUR hours on the phone with AT&T that day. So now the total hours wasted on the phone with AT&T totals around 6.5 hours. I was furious. I hung up the phone dumbfounded and questioned my husband again about everything. He assured me he did it on the phone in Sept the previous year. It just didn’t make sense- how could that one person get it right and then everyone else give me the runaround? + +So my husband went to the actual AT&T store. Sat down with the manger who saw EVERYTHING on his account and it was taken care of in 30 minutes with two more 10-15 minute visits to the store to finish it up and verify. AT&T messed up the TBR and it was, in fact, NOT my husband’s responsibility to take care of it. When he went back the final time to make sure everything was taken care of, his entire history with AT&T was wiped clean, like he never even had an account there. I had also really hoped the bill would get kicked back to Ex-Wife, unfortunately it didn’t. + +Larissa, the manager over the phone at AT&T who told me to “just pay it,” you’re a crap employee. +**Preamble:** Every year Fortune publishes the top 100 companies to work for in the world. The results are based on an anonymous survey conducted on over half a million employees. + +I wanted to check whether companies where people are the happiest to work produced better returns for their shareholders when compared to the market. My hypothesis is based on two assumptions + +a. An employee would create his/her best possible output when they truly love the place they work + +b. Companies with excellent culture would create a feedback loop to attract top talent by word of mouth and referrals. + +I feel that both of these factors would contribute to the company innovating over their competitors and creating outsized investor returns. + +**Data:** There are a lot of players that create the best companies to work for list. I chose Fortune as they are the most established company and have been doing this over the past 20 years. Their survey sample size is also very high (more than 5,00,000 anonymous responders), which would give us a fair representation and minimize the chances of false positives. + +For this analysis, I took companies present in the best places to work for list in the last 10 years (2012-2021). But, not all the companies on the list are public and listed. So, the current analysis will only focus on the companies whose shares are listed. + +All the data used in the analysis is shared in a Google sheet at the end. + +**Analysis Methodology:** Every year Fortune publishes its result on the 2nd week of February. I have considered two different ways to invest in the best companies to work + +a. You invest in the company as soon as the list comes out and hold for 1 year and then sell and repeat this every year + +b. You invest in the company and hold (This is based on the assumption that company culture does not change year over year and once the company makes it into a list, it’s a good long-term investment) + +Returns from the above strategies are then compared to the S&P 500 returns \[1\] over the same period. + +**Results** + +https://preview.redd.it/az6njh8qp6b71.png?width=1032&format=png&auto=webp&s=9a50a203b345c28a33c2ebed9f8928b4c3d77521 + +The companies in the best places to work consistently beat S&P500 in stock returns. There is a noticeable difference in return as you move up the list with the best place to work (Rank-1) beating the market comfortably by 9.5% every year! \[2\]. + +[ ](https://preview.redd.it/8m3qajdsp6b71.png?width=1035&format=png&auto=webp&s=538425ee2af64fd84f88833f4c3420b22f262b3c) + +The difference in returns becomes more noticeable if you buy and hold the company for the long term. Here we can see a steady increase in returns as you move up the ranking ladder with the top company returning a whopping 131.5% more than the index over the last 10 years. This also validates our assumption that companies having great cultures create superior investor returns over the long term. + +Now that it’s out of the way, we can dive deeper into the data and find out which stocks made the best returns and how your returns would have faired over the years. + +[ ](https://preview.redd.it/k1c3smbtp6b71.png?width=1034&format=png&auto=webp&s=c0de66bf0af94c3a84f8af06e06372f9a59bfe30) + +The best long-term return among the top companies to work for was generated by Adobe! The stock has returned 1762% over the last 10 years. As expected, tech companies have generated the most amount of returns with Microsoft, Google, and Adobe all present multiple times. + +For our final analysis, we can check if the returns were consistent throughout the years or was it just a few years that are contributing to the overall positive results. + +[ ](https://preview.redd.it/hkrqje8up6b71.png?width=1045&format=png&auto=webp&s=393b458f8b3f1d6edf3c281c4f9f064fac942cd9) + +I think this graph shows one of the most important takeaways from this analysis. As we can see best companies to work for have beaten SPY by a considerable margin in 8 out of the 10 years (80%) of our analysis timeframe. Even in the years that our strategy did not beat the market, the difference between the returns was negligible. + +**Conclusion** + +No matter how you slice it, the above analysis shows that companies that are exceptional places to work create exceptional returns to their shareholders. + +I think this ties in nicely with our initial hypothesis that companies having great culture will have happy employees that create the best possible results and also would attract top talent. Both of these in turn would lead to market-beating shareholder returns. + +Now you know what to do when the next year's results come out! + +Google Sheet containing the data and my analysis: [here](https://docs.google.com/spreadsheets/d/1NF48A0p6L4V_79XkJVdOCT_jAdP1vKlC3ix5e44xXXM/edit?usp=sharing) + +**Footnotes** + +\[1\] I have considered the benchmark as S&P500 as the Best Companies to Work for list contains companies across industries and I think that S&P500 is a fairer representation of the overall list. + +\[2\] 6 out of the last 10 years, the top company to work for was Google. + +*As always, please note that I am not a financial advisor.* Hope you enjoyed this week’s analysis. + +If you found this insightful, please share it with your friends :) + +[WhatsApp](https://www.addtoany.com/add_to/whatsapp?linkurl=https%3A%2F%2Fmarketsentiment.substack.com%2Fp%2Ftop-companies-to-work-for-stock-returns&linkname=) | [Facebook](https://www.addtoany.com/add_to/facebook?linkurl=https%3A%2F%2Fmarketsentiment.substack.com%2Fp%2Ftop-companies-to-work-for-stock-returns&linkname=) | [Twitter ](https://www.addtoany.com/add_to/twitter?linkurl=https%3A%2F%2Fmarketsentiment.substack.com%2Fp%2Ftop-companies-to-work-for-stock-returns&linkname=)| [Reddit](https://www.addtoany.com/add_to/reddit?linkurl=https%3A%2F%2Fmarketsentiment.substack.com%2Fp%2Ftop-companies-to-work-for-stock-returns&linkname=) +I’ve been trading options for the past 2 years. WSB style- after getting tired of losing I switched to theta gang. Deposited $1500 back in April into TW and sold strangles around AMD. Profited over 125% in 2.5 months. I was ready to close out my short strangle when INTC dropped the unexpected news of its slowed future chip growth. AMD proceeded to pop... wiping nearly all of my gains. I rolled my strangle out to the end of AMDs earning week. Expecting to profit on IV crush and minimal, downward price movement. AMD popped even higher putting my $62 calls underwater. Now I’m down about 90% YTD. + +Kicking myself here but I deviated from my trading rules- 45 DTE with a tighter than normal short strangle during earnings. Of course no one could’ve anticipated AMDs huge run up. But damn was I proud of my early theta gang profits. +All is not lost, I didn’t bet the farm but still hurts! + +TLDR; went from +125% to -90% after AMDs run up over the past 2 weeks. Stick to your trading rules and do not deviate from the plan! +With the amount of attention EW guy is getting, it's looking mighty familiar in pixels territory. + +Not gonna lie, when it hit the low, I also said, "holy shit he called it", but we have to stay diligent and it could or couldn't happen. it would be nice to see that 400+ price but nothing matters until we see that 20m. + +We've come a long way, we can still wait. We went from: + +THIS IS NOT FINANCIAL ADVICE +to +BUY, HOLD, VOTE +to +BUCKLE UP! + +Glad to be part of this since Jan peak. Shout outs to mods, Satori crew, DD makers and Knights of New. Cheers! + +edit: if EW does hit 5/5 numbers, we all better drink a dam glass of water! or drink of choice... + +edit 2: not bashing pixel or EW guys. Everyone's entitled to do their own DD and projections. I'm talking about the train of hype we easily fall into and sometimes forget the basics. +*buy, hold, everything will unfold.* + +edit 3: final edit before I go dark for work. reading through the comments, I'm reminded that pixels hype was in March. That time is VASTLY different than ape's resolve now. If EW is wrong, I'm 1000% sure apes won't go "ape" like we would've in March. So this post really isn't necessary. Nothing to see here. Have a great weekend. +I've seen a lot of people thinking 30million per share is not possible and it's fucking pissing me off. Their argument is always the same: Not enough money, Fed will stop it, be realistic, blablabla. There is no valid point they can tell you. This is FUD. + +Here's what I think: You do you. Just don't regret selling too early. + +**Not everyone will sell at the same time**. I will just continue holding since I know such numbers in the millions are possible because of the infinite squeeze. More than 100% of the float shorted -> HF buys a share -> gets canceled against a naked short/synthetic share -> People diamond hand -> Infinity squeeze. It's as simple as that. +Finances are the main reason I'm on the fence about having any children, as I would really like to FIRE asap. If you time travelled back to your pre-child self, would you still make the decision to have children? +[DTCC Twitter](https://twitter.com/The_DTCC) + +[Today I ask:](https://twitter.com/Jabarumba/status/1514240452861767685) If the CEO of Apex Bill Capuzzi, the Global Head of Operations at Citadel David Inggs, and the Vice Chairman of Virtu Craig Messinger are all on the Board of #DTCC, how do you remain free from conflict-of-interest, or the appearance thereof? #GME $GME + + #DRSGME +I am about to go through a large liquidity event that could put me in the $10-15m NW range. I have been using a financial advisor (call him John) to help manage my stock option package, but lately I've been questioning his abilities. He's part of a small fiduciary firm that has about 5 total employees, but I pretty much only talk to John. One of those 5 people has a CFA, and the rest have series 7, 65, etc type of certifications. + +&#x200B; + +Recently, I realized that I owed some taxes by luck, because I was talking about my situation with a friend. I brought this up to John and my tax guy (who John introduced me to). After bringing it up, they both handled it, but that left a bad taste in my mouth. I feel like John and the tax guy should've caught that proactively. + +&#x200B; + +This is my first time using an advisor. So I am unsure of what to really expect. + +\- Am I being too harsh or too demanding with my expectations? + +\- If I'm to fire this advisor, what's the etiquette around how to do this? Overall John is a super nice guy +&#x200B; + +https://preview.redd.it/2880e7qixpf81.png?width=331&format=png&auto=webp&s=ff4f8cca13cbd8b4a70271c416c81fbdd489f651 + +* Market cap = $182m +* Share Price = 0.21 +* SOI = 868m +* Cash in Bank = $8.65m (as of Dec 31, 2021) + +I am not the foremost expert on BKT I am just sharing what I have learnt. I welcome any constructive comments about the company or any corrections. + +**About BKT** + +Black Rock’s flagship asset is the Mahenge project in Tanzania. Prior to becoming Black Rock mining the company was called Green Rock Energy with a number of projects that were eventually divested. + +The company started exploration activities on Mahenge shortly after the asset was acquired mid-2014. + +https://preview.redd.it/xokgaectxpf81.png?width=940&format=png&auto=webp&s=8af85e048e523a8aa3a693c44fdd72dea9434d44 + +Once the Mahenge project started showing promising signs, the company name was changed from Green Rock Energy to Black Rock Mining early 2015 and a new prospectus for the raising of funds was distributed for further exploration of Mahenge which was subsequently oversubscribed. + +https://preview.redd.it/8pxcec0wxpf81.png?width=261&format=png&auto=webp&s=6a6dd50027ca0c630a5376c25e50ad5b84e22f5a + +Drilling and exploration work paid off with the PFS demonstrating the economic viability of Mahenge with low capex requirements and very high margins. Works continued until a DFS and finally an eDFS (enhanced definitive feasibility study) was completed in July 2019, more on this later. The rationale behind the need to undertake the eDFS when BKT already had a DFS was that the customer feedback was for a more aggressive ramp up of production, and I guess the customer is always right so you gotta give them what they want. This resulted in an extra module (stage 4) being added to the project. + +The current CEO, John de Vries, was appointed to the CEO position in early 2017 and so has really been at the helm throughout most of the Mahenge phase of the company. Looking through his LinkedIn profile, there is no doubting his credentials as someone suited to run BKT. His professional career dates back to 1984 as a graduate mining engineer where he has since held various positions of Mining Manager, Senior Mining Manager and General Manager for companies such as Orica, BHP, St Barbara etc. Basically the man knows his way around a mine site. It doesn’t look like has had much in the way of executive roles. I consider this a positive i.e. he is not someone that has jumped around from the boardroom of one ASX junior explorer to another. He appears to be committed to the project and listening to his presentations, he is a concise and professional communicator and the ideal person to lead BKT. + +&#x200B; + + **About Mahenge** + +Graphite is unlike other minerals in that the finished product from 2 different mines is not going to be identical. Compare this to precious metals such as gold and silver where an ounce is worth X dollars and at a certain purity it is fairly universal. Graphite once it is processed is categorised into flake sizes. The variety and proportionality of the flake sizes extracted from the ore are effectively bundled together to form a “basket”. The value of this basket is dependent on these flake sizes and their relative ratios. This is where you will see graphite producers referring to mesh size etc. Mahenge has a large proportion of large and jumbo sized flakes which is good as these are more desirable. I am not going to pretend to be an expert but from what I understand BKT’s “basket” is valued quite highly and as qualification programs have shown it is suitable for use in manufacturing of EV batteries. + +The macro environment around the forecast demand of graphite and its use in the manufacturing of EV battery anodes has been bandied about and repeated ad-nauseum… so here are some more graphs (these I pulled from RNU). Basically prices are expected to continue rising. This should further improve the economics of the Mahenge project. + +https://preview.redd.it/8ce1ru0aypf81.png?width=784&format=png&auto=webp&s=cd6f1f36e88b1aa5b947a66c91fed82128704bac + +https://preview.redd.it/aglqqisbypf81.png?width=805&format=png&auto=webp&s=a791e011150f78aed8f87e8cc1c4c0833ee7e554 + +The Mahenge asset is held in a UK company, Faru Graphite Corporation. The Tanzanian government have a FCI (free carried interest) in Faru of 16% with BKT having the remaining 84%. The FCI agreement was recently finalised with the Tanz Gov late last year Dec 2021 at a signing ceremony as the below pictures show. + +https://preview.redd.it/pfoyapffypf81.png?width=940&format=png&auto=webp&s=405897ea76d60d37584cfc68fb286caa48ffc786 + +Mahenge contains the largest graphite reserves in the world with measured contained graphite of 2.7Mt. + +https://preview.redd.it/yx38xu44zpf81.png?width=940&format=png&auto=webp&s=e223366c9ad9a0d79e7dafc0043483795b74f815 + +The total graphite content (TGC) for the 213Mt is 7.8% with the ore reserve coming in at 8.6%. I would say that this is neither high nor low and relative to it’s peers, Mahenge ranks somewhere in the middle. + +Mahenge is located near power, water and transport infrastructure in the middle/south of Tanzania approx. 500km from the former capital and largest city in Tanzania, Dar es Salaam. This advantageous location will also help in keeping operational costs down. The AISC for life of the mine are low at $US 494/t. + +https://preview.redd.it/zpqyzso9zpf81.png?width=940&format=png&auto=webp&s=8308a23c913e0fed59914015f2e8997cf5da02b6 + +Initially the eDFS indicated that stage 1 power will be provided by diesel generators, however investigations are underway to have power from hydroelectric from the get go at stage 1 rather than wait until latter stages. I believe this is being investigated to further de-risk the project and aid with the finance talks. + +&#x200B; + +**The eDFS** + +Now that the history lesson is complete, what you really want to know is: How much money will this thing make? I won’t go into detail as you can read the full eDFS report [here](https://newswire.iguana2.com/af5f4d73c1a54a33/bkt.asx/6A938130/BKT_Mahenge_Enhanced_DFS_with_Executive_Summary). + +* Post Tax NPV10: A$ **1.65Bn** (US$ 1.16Bn) **BKT attributable value after FCI**. +* EBITDA after stage 4 completion: A$ **426m** (US$ 306m) +* LOM AISC US$ 494/t +* Basket graphite price US$ 1301/t + +&#x200B; + +https://preview.redd.it/488xjupozpf81.png?width=940&format=png&auto=webp&s=067d25058ec1397c41d0654a5e741dab5f417837 + +Now these numbers are amazing except the project is broken into 4 stages/modules. Stage 2 module will be an extension to stage 1 with stages 3 & 4 modules being a replica of stages 1 & 2. While this reduces the upfront capex requirements it does unfortunately draw out the timeline for reaching full production. In my opinion this should translate into a more steady increase in the share price rather than a BRN-style moon launch. Stage 1 will produce 85ktpa (highlighted below) of graphite product with all 4 stages combined producing 350ktpa. + +https://preview.redd.it/q76pau4uzpf81.png?width=940&format=png&auto=webp&s=4f0268f3e9c39eec94793396afa658b29dd4ae2d + +Cashflow from stage 1 will fund each subsequent stage with each additional stage taking 1 year for construction (capex requirements are below). + +BKT have undertaken a 500 tonne qualification program for offtake partners. Following testing and analysis this program has demonstrated the suitability of the graphite product to be used for the manufacturing of EV battery anodes. This was the largest qualification program that a graphite explorer/producer has ever undertaken and it massively de-risks the project. + + + +**Financing Mahenge** + +A major hurdle with any project is the process of acquiring finance. All the work done so far are aimed at de-risking the project and providing certainty on the viability and profitability of the project. No bank or financial institution will lend you money unless they know that you will be able to pay it back. As far back as July 2019 in the eDFS the below excerpt shows that a number of inbound finance proposals were received. + +https://preview.redd.it/jg1clvr00qf81.png?width=976&format=png&auto=webp&s=4e90dc6cbb0ba1092a6fcdce4d64e93d886b0f1e + + + +I have not delved much deeper into the finance process that they are undertaking except that communications and announcements from BKT indicate that it is front of mind and a priority. + +So how much money do they need? The CAPEX for stage 1 is $US115m. Each subsequent stage is being funded with the cashflow from preceding stage(s). The below table shows the development capital costs. + +https://preview.redd.it/0n6xjc430qf81.png?width=940&format=png&auto=webp&s=48a4410944572d95dee7bddd61449f9398c96215 + +So the initial goal is to raise $US115m and then that will kick this whole thing off. The below image shows the remaining $US61 that is required to fund and meet CAPEX requirements of stage/module 1. + +https://preview.redd.it/2cloacc70qf81.png?width=940&format=png&auto=webp&s=aad1d683d9906b9227f9d962780d3ec0258efad4 + +Again, I am not across the intimate details of the financing progress. However, $10m prepayment from POSCO was recently agreed to with potential for the other $10m to come from Export Credit Agencies (whoever that is). This should leave just the $61m outstanding (you don’t happen to have a spare $61m? no… ok). Whether this will come from debt/equity remains to be seen. + +&#x200B; + +**Offtakes & Partners** + +Black Rock have been in discussions with POSCO for a while with an MOU initially signed in June 2020. Subsequently in December 2020 POSCO acquired 15% of BKT at VWAP of 0.082. Immediately after that the SP took off quite sharply as the market responded positively to the news. POSCO, South Korea, is one of the world’s largest producers of anode feedstock and a major participant in the global LiB (Lithium ion Battery) industry. + +POSCO are a strategic partner that have options on the right to a long-term offtake arrangement for up to 100% of fines (sub #100 mesh). This is expected to be up to 40,000 tonnes per annum2 at full production rates for module 1. The sub #100 mesh portion attributable to POSCO will be processed into battery anode feedstock for POSCO’s LiB business. I am not sure if this has been activated but suffice to say that POSCO and BKT have a strong partnership. + +The below table from the DFS shows the current committed offtake agreements in place. These offtakes cover the output for the first 3 stages and may have varied since this was published in 2019 (I am running out of time writing this DD). + +https://preview.redd.it/vuqvi4ho0qf81.png?width=713&format=png&auto=webp&s=fb588e04d1924a84cc67596d4d0a3026c1b1f97d + + + +**What’s Next** + +Achieving finance is the final piece of the puzzle. This week they announced a 25% increase in measured mineral resource. This 25% increase effectively confirms that 100% of the likely loan life is underpinned by measured resource. This further de-risks the project for any underwriters that BKT are seeking to acquire finance from. + +&#x200B; + +**Forecast & Conclusion** + +At the risk of pumping BKT too much and having this post moderated, I will explain why I like BKT as an investment. You guys may remember that I was heavily invested in PSC with some DD posts that I published 1 year ago. I see many similarities between where PSC were a year ago and where BKT is now. Both had offtakes in place and mining licenses acquired (shovel ready). Both underwent significant pilot/product qualification programs. Both have good relationships with local government. Both have massive reserves at high grade. Both are flying under the radar with a market cap at a fraction of the NPV. + +BKT have a simple plan, get the shit out of the ground and sell it. Comparing BKT to graphite peers is difficult as many value add to the graphite with extra processing facilities to create PSG (spheronised graphite) or buying old graphites mines in Ukraine. I like the simplicity of their business model. Yes I know Tanzania is not exactly the stablest country but I still think there is significant upside based on the risks. + +Having now done the above DD I am more confident in my investment and have gone in big more so than what I did with PSC. + +If I could place a bet for 3 years from now I would. But for now: + +u/username-taken82, I BET BKT WILL HIT 75c OR ABOVE BEFORE XMAS 2022. IF SUCCESSFUL I WILL CELEBRATE WITH A TATTOO OF THE ASX BETS BLONDE HAIRED KOALA. IF NOT I WILL ……… TAKE A 3 MONTH BAN (bit more palatable this time). + +This has taken me longer than I would have liked, but based on comments in the post I may do a follow up to this post to address any questions raised. +WFH has been amazing since it allows me to spend much more time on my own investing. These days I spend 50-70% of productive hours doing my own research, with the remaining time for the "day job". Obviously, this has had a negative impact on my job performance, even though it's a conscious decision. I have trouble shaking off the mental anguish that comes from having always been a type A but deliberately putting in less-than-stellar work. Being surrounded by other high-achieving corporate lifer types doesnt help either. I often feel guilty about not "putting in the hours" and being "found out". It's like I'm trying to smother that inner part of me who's looking for external validation, which has been ingrained throughout my education and upbringing. I can't quit yet for another 2-3 more years. + +For those who are fat/on the path to fatfire and juggle a demanding W2 with a significant non-W2 side gig, how do you deal with the W2, especially from a mental/emotional perspective? +We've been climbing fast clearly were hell bent on taking back our second place title. But is there any news speculation coming out that warrants this run? Im not exactly trusting of this surge just interested in hearing your thoughts +Sort of confused how this all works. My current understanding is that if you get your own license, it's inactive unless you are part of a brokerage. But if my sole reason to get a real estate license is to get access to MLS and save costs when selling/buying, I would still need an active license. +I am a professional software engineer and have done a lot of manual trading, I am trying to build a bot which gives smooth 10%-15% gains/years flipping stocks via intra day trading. Is this a realistic goal/target? + +&#x200B; + +Thanks. + +&#x200B; + +Edit: Apparently 1% is too low. I have plans to increase that later on, but I want to consistently get close to 10%-15% per year as benchmark for intraday trading and then work on improving. +Hello everyone, just got my first full time job in August and have saved 10k. 4plex's around my area ( Edinburg, TX ) are roughly in the 275k range. I want to receieve rent from each apartment ( all 4 ) and dont want to move in. Do I have to put down 20% since I want to receive rent from all 4 or is there a way I could put down 3 to 5 percent and start already? I want to start by the end of the year and start getting passive income. Hopefully $1500 per 4plex, and after that keep getting more and more 4plex's so I can retire early from my current job (teaching). Any success stories or tips would be greatly appreciated. Thank you. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Thinking of adding in a defensive position into my portfolio just incase inflation does cause a recession and a larger fall to equity markets. Let me know what your favourite gold miner is and why you think they will out perform the competition. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +There are 3-4 posts trying to connect the perceived increase of this to some kind of hedge fund activity. + + +Look it up on https://coinmarketcap.com . It tells you which exchanges offer the coin, where the volume distribution is, and the price at each. + +The three exchanges are 1. BKEX 2. AOFEX and 3. DragonEX. + +Right now, 100% of the volume is listed on BKEX (earlier, when the posts first came in, it was 99.91%) The price on that exchange is currently $4.71 + +There was a trade on DragonEx to artificially reflect the price as $3,231.67. The real price is $4.71. You can look this up yourself at the link I posted above. + +This will be my last post/comment here. The stuff like this being accepted and promoted without being fact checked is a problem, (especially if you understand misinformation campaigns) but really, it’s because when I reveal a truth like this, I’m called a shill, told to suck hedgie dicks, and downvoted by everyone who sees it. + +I except the same treatment here. Posting the truth when it’s contrary to the bias has become a threat to the people here. And for that reason, I’m out +We’ve said for a while that Burry is not someone we should just trust. What Burry has effectively done is given us a “final boss”, who would be Kenny in this case, to shift all of the blame and attention. + +The sub is constantly filled with Kenny memes, DD is always about Citadel and what this Kenny guy is doing. **Outside of that meme Apes need to realize this is not just Kenny; it’s your banks, brokers, regulators, and government**. + +I will not sell once I hear the hedgers are bankrupt, or that Kenny has taken the fall, because that is truly only the beginning in uncovering the fraud and crime plaguing OUR market. + +The market wouldn’t exist without us apes, and it’s our fucking market to be had. + +EDIT: Damn this getting downvoted fast +NotSafeMoon is community-owned (ownership renounced) and offers some really cool features that can help you analyze other moon coins. The dev is doxxed (Ryan Dunn) and very transparent, he even did a 3-hour live AMA in Telegram the other day. If you check out their website at [https://notsafemoon.com/](https://notsafemoon.com/) here are some of the features they currently offer: + +* Technical analysis that points out the flaws of existing "moon" coins so you know what to look out for. +* A price-predicting Twitter bot that accurately predicts when a "moon" coin is about to drop due to a lopsided liquidity dump. +* A moon coin dashboard that you can connect directly to the blockchain using your wallet (MetaMask, etc.) Check the balances in real time for all your "moon" coins in one spot. HODL'rs of NotSafeMoon will have access to advanced analytics built on top of the same system running byrdeBot, our Price Predicting Twitter Bot. View reflection gains, liquidity pool reserve balances, fee and reward exclusion data, "moon" dev token and LP token balances, estimated time until a tokens liquidity dump.... too much to list + +Not your normal "moon" coin. No lopsided liquidity dumps. No sending LP tokens to the devs. + +Contract address: 0x337e35Ed5B38D5C7Ec9F8d7cF78fe7F43d7DEC6F + +Buy on Pancakeswap 8-9% Slippage: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x337e35Ed5B38D5C7Ec9F8d7cF78fe7F43d7DEC6F](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x337e35Ed5B38D5C7Ec9F8d7cF78fe7F43d7DEC6F) + +Telegram: NotSafeMoonOfficial (800 members) + +Currently at 4.1M market cap and growing - Liquidity Locked 20 Years - Ownership Renounced + +8% Tax on all Transactions 2% Directly to Burn Wallet 6% Distributed to All Holders + +📌 Features: ✅ No LP tokens for the team ✅ Devs bought into Presale and kept no other tokens ✅ 2% for marketing and growth + +📌 Roadmap: ✅ Website Launch ✅ V.0 Moon Dashboard/Price Predication Twitter Bot (Live) ✅ Presale success! + +* Technical Analysis on future coins +* V1 Moon Dashboard (w/ Multi-Chain Coin Yield Monitoring) +* Listings on CMC and CoinGecko incoming +* Celebrity endorsement +Its literally whats happening. + +Price swings from 420-136 and you see a house you could buy disappear. + +You see those medical bills your family is underneath come back. + +You see rent. + +You see the price of formula. + +The massive price swings are literally horrifying, especially for us. + +So try to keep in mind that keeping yourself physically prepared to deal with it is part of winning this war. + +All they've got is theatrics and price manipulation but its hard to watch. + +So to get ready for the kind of war we're going into tomorrow: + +1. Sleep if you can. At least get some rest. Your brain without sleep has poorer responses to stress and makes worse decisions. +2. Eat. Plan an easy breakfast. Remind yourself to eat too, the adrenaline is going to mask your appetite. +3. Monitor your substances. Your adrenaline will work as a stimulant, not need to pound red bull all day. Its just make you jittery and more vulnerable to their only weapon: financial horror and stress. +4. Plan breaks and places to do it where you're away from shit. Take a walk or a drive. Sit on the porch and spark one for 10 minutes while MM's try to scare you. +5. Visualization. Open your brokerage. Look at the GME price while breathing deeply. Now imagine it being $96 dollars. Keep breathing deeply. Now picture it being 6969669.42. Keep breathing deeply. +6. Definitely jerk off. + +No matter what happens with the price take care of yourself. Don't let these ghouls get in your heads. + +We got this. + +Hold ~~til Pluto~~ through [heliosphere](https://en.wikipedia.org/wiki/Heliosphere). + +EDIT: Thanks for the awards comrades!!! I'm honored to share the field of battle with you tomorrow. Added #5 and major oversight #6. +This notice is for the shills, shorters, and had actors that are against the DRS GME movement; + +I see you every day getting angry at a bunch of strangers all over the world who are directly registering their GME shares for some reason. + +I see you doing everything in your power, legal and illegal, to stop MOASS from ever happening. + +It’s honestly hilarious in an ironic way. Every day you have to spend every waking second trying to stop MOASS when all we have to do is play by the rules and just ignore our shares until they’re valued at phone digit numbers. + +But here’s the thing; + +**You haven’t even come close to disproving our DD since this saga began over three years ago.** + +And until you can, no amount of dark pool trading, media and analyst FUD, forum drama, or time is going stop what’s coming. + +So come on. What are you waiting’s for? + +What’s been stopping you from using your obvious intellectual and financial superiority to stop us once and for all? + +I dare you. Do your worst. +Hey all, + +GME is a massive powder keg about to explode. Curious? Read on to find out more... + +A very reliable technical indicator created by Rocky Outcrop is flashing a rare signal that cannot be ignored. + +**Full credit goes to Rocky Outcrop and Trade Spotting for creating this custom DMI indicator and sharing it with the masses.** + +# TLDR + +* The Directional Movement Index (DMI) started flashing a powder keg signal on June 29th. This signal has only flashed three other times in all of 2021 +* The ignition source of the signal (the ADX line) is at it's fourth lowest point **since 2018**. The lower the ADX goes, the more certain we can be of a near-future run-up +* When the powder keg explodes, expect volatility and momentum to **skyrocket** + +# DMI + +The Directional Movement Index (or DMI for short) is a technical indicator made up of three components: + +* **DI+**: This shows the current momentum of positive price movement. This is shown in **YELLOW** on my charts below +* **DI-**: This shows the current momentum of negative price movement. This is shown in **PINK** on my charts below +* **ADX** (Average Directional Index): This shows the *strength* of the current price movement. This is shown in **BLUE** on my charts below (crossover points denoted in orange) + +**The powder keg signal:** When the DI+ and DI- lines converge (come together) **AND** the ADX line is simultaneously at a low point, the powder keg is lit. This is denoted by a **gray background highlight** on the charts below + +Without further ado, here are the charts: + +# Current Price Action + +[Current Price Action. DMI Power Keg lit as of June 29th](https://preview.redd.it/lklugrdlhn871.png?width=1032&format=png&auto=webp&s=4678d387e3ac1f692432e9117266407ce291cd1c) + +Above shows our current price action over the last 6 weeks. As we have been consolidating from June 9th, the DI+ and DI- lines have converged and the ADX is at an extreme low. Notice the powder keg signal flashing (light grey box) as of June 29th. + +# Historical Price Action + +[Historical Price Action. Multiple Signals Flashing over 2021](https://preview.redd.it/tsvvhn7mln871.png?width=1098&format=png&auto=webp&s=c88a922bbf50331713f897de4995ba44ac13a078) + +This is only the **4th time this entire year** the DMI powder keg has been lit + +* The first signal was flashed at the end of February roughly 1 week before our huge run-up from $40 to $350 +* The second and third signals were flashed together roughly 2 weeks before our May run-up from $140 to $350 +* The fourth signal just started flashing on June 29th. This would indicate a huge move up in the next 1-2 weeks. Run-up to commence from $200 to ??? + +# Bonus Chart + +[Historical ADX Data](https://preview.redd.it/m19pl7zxjn871.png?width=1538&format=png&auto=webp&s=56a9d0a9096ea3b1dd860b035d812d0c5455a879) + +Bonus chart! + +The ADX is the fuse that ultimately ignites everything as it shows the current momentum has stalled and volatility is ready to pick back up again. + +Since **2018** the ADX has only ever been this low **THREE OTHER TIMES**. The most recent low point is happening right now! Historically speaking, GME is in a situation where it is ready to explode any day. + +# Footnote + +For those who believe TA is invalid on GME and other SHF-manipulated stocks, I respect your opinion. + +My opinion? TA is not the holy grail by any means, but it is still valid on GME. + +Why? Because TA relies heavily on human patterns and emotions as they relate to stock prices. GME is no exception. There are still support and resistance levels like everything else. + +Yes there is **no denying** GME is heavily manipulated, but that doesn’t change the larger philosophy TA is based on. + +Remember, TA is not a crystal ball but it does offer a glimpse into the **most likely** outcome. + +To each his/her own. + +***I am not a financial advisor and this is not financial advice*** +There have been a lot of threads about the great recession on reddit lately, and it's dredged up some old feelings. I graduated college in '08, and finally got a job after scraping by on disability till my mid 20s. The recession was rough on me and my classmates, and I always thought it was just a matter of time before I'd lose my job and become an unemployable hobo sleeping under a bridge somewhere. + +When I learned about FIRE, that seemed like the best way to feel 'safe'. I know it sounds silly, but I my milestones centered around being able to afford basic necessities for life; food, rent, a car every 10 years, etc. I hit FI a few years back and I could finally afford *everything* I needed, and increasingly, a lot of wants too. + +The weird thing is I've internalized the 'you can only afford what your investments provide' to the point where I'll catch myself thinking 'damn I wish I could afford that', when if you look at my comp from my day job I can *absolutely* afford that. It's like I act as if I'm already retired. + +Has anyone ever dealt with this sort of thing? Is this a consequence of my background or a cautionary tale of not 'living the life you want, and saving for it'? +About ten years ago when I really got interested in money and investments, I was asking friends and looking at message boards for investment advice. Everyone told me to put most of my money in ETFs that had a higher than normal dividend yield. These ETFs were recommended and I was told they would give me a higher total return than a standard total stock market fund, like VTI, SPTM, or ITOT. + +So I invested over the last ten years much of the money I have in my Vanguard Brokerage Accounts in these high dividend ETFs and now after finding the Portfolio Visualizer website have determined I have lost nearly $100K in stock market gains by buying these high dividend ETFs-listed below- instead of a simple total stock market fund. (On average over the last ten years the high dividend ETFs returned 10-25% less than a total stock market fund.) + +**The ETF's below are the most popular high yield ETFs and each and everyone has a lower total return with dividends reinvested than a total stock market fund (like VTI and SPTM)** + +**Here is the high yield ETF's I should not have purchased:** + +NOBL + +HDV + +VIG + +SDY + +DVY + +SPYD + +VYM + +PEY + +SCHD +Weekend degenerate thought here. Below is from the SEC website: + +[SEC WEBSITE 'WARNING\\" INVESTORS](https://preview.redd.it/nzto90ctxn391.png?width=820&format=png&auto=webp&s=fed085715a7b183ae9ceb929c9ffa1b30cbf3560) + +My uneducated and retarded self as a very simple question ..... why do they feel so compelled to warn us about this? + +DID THEY WARN US BEFORE THESE: + +* Market / Real Estate Crash of 07-09 +* Dot Com Bubble Burst of 00-02 +* Interest Rate Increase Recession of 90-92 +* Oil Price quadrupling Recession of 73-75 +* Enron's Collapse +* Blockbuster +* Pan AM +* Bear Stearns +* Lehman Brothers +* Madoff Ponzi Scheme +* Kodak + +The list goes on and on...... + +TLDR: Ignore the FUD and HOLD strong -- Long Live #GME, #BBBY and #AMC +Trying to keep it as simple and easy as possible. Want to invest for long term . i am going to set auto invest and reinvest dividends into my brokerage account and forget it for years. How should i split the money on weekly basis + +i have this portfolio in mind + +$75 vti + +$75 SCHD + +$50 QYLD + +$50 Jepi + + +i am thinking half growth half dividend income. is that good or should i try different . Thanks in advance +Starting to invest, 20m. Bouncing around with two ideas, either dollar cost averaging an ETF or dividend investing. I am working on a long horizon, at least 20 years. + +Facts: + +\-S&P 500 delivers around 7% returns per year on average. + +\-Pretty hard to find reliable stocks that return the same amount by dividends. At least the kind of stocks I would be comfortable enough to put my life savings to. + +&#x200B; + +What makes you guys choose buying individual dividend paying stocks instead of an ETF tracking S&P 500? +So my former apartment management has sent me a bill for carpet cleaning and professional cleaning. I can understand the professional cleaning although I left the place spotless it could just be protocol. However, the carpet cleaning is bullshit because I left the brand new carpet in brand new condition. It was just me without any animals, I am positive that the carpet was flawless. How should I proceed? + +Edit: As of right now, whenever the manager quits avoiding my calls, I am going to request photos of the “mess” I left as well as receipts of the services completed. I will ask why these charges weren’t deducted from my deposit as well as check my lease to see if the carpet cleaning was contractual. Thanks guys. + +Edit: great news, after requesting photos and receipts of the work done, the $95 cleaning fee was promptly dismissed. It turns out the $55 carpet cleaning is part of the lease agreement so I’ll take that hit, but I consider this a win! Thanks for your input!! +[https://www.bleepingcomputer.com/news/security/lastpass-users-warned-their-master-passwords-are-compromised/](https://www.bleepingcomputer.com/news/security/lastpass-users-warned-their-master-passwords-are-compromised/) + +Just a warning to anyone else in the community that uses Lastpass as a password manager that there are many reports streaming in of master passwords being compromised. If you haven't done so already, now would be a good time to change your master password and enable MFA on your account. Not really a personal finance topic directly but since many of us use Lastpass to store banking account credentials and other information, I felt it was important to get the word out. + +&#x200B; + +Edit: LP saying the attacks are a result of credential stuffing. While this likely to be correct, please do not take any chances with you account and take action now just in case. + +&#x200B; + +Edit 2: thanks to u/Curse_you_Reddit + +[https://www.cnet.com/tech/services-and-software/lastpass-says-no-passwords-compromised-in-latest-security-scare/](https://www.cnet.com/tech/services-and-software/lastpass-says-no-passwords-compromised-in-latest-security-scare/) + +Appears to be a false alarm at this time. Issue was due to a logging error that erroneously reported access attempts to some user accounts. Sorry for any inconvenience caused but as always, better safe than sorry. +My mom plans to buy a house next year, and she wants me to co-sign the loan. Have in mind that she's a grown adult (54yrs. old) while I'm 18. I will live in the house, but I do plan to move out in my early 20's. I'm even planning to move to Spain, so I don't know how that will impact the loan. As you can guess based on my age, I have NO IDEA what I'm getting into. I want to help her, but I don't know how much do signing will bind me. Any advice/tips would be appreciated.. + + + Edit: I'm at work so I haven't been keeping up with all the comments, but I replied as most as I could. I will not cosign, it is giving away my whole financial life, so I will talk to my mom today and I WILL change her mind. I don't want her to have the mindset of a person who can just play around with money and loans. Thank you, everyone :) You've all explained more than any simple article or blog could. + + Edit #2: Now that I talked to my mom, she's decided to say that I'm insulting her by telling her she can't afford a house, that other family members (my cousins and aunts) have done what we've done, and that everything has gone right. That the only person who will fuck up my credit is my bf (she says that because he's been having monetary issues lately, since he was unemployed for a month and now has to catch up on rent), and that she wasn't even planning on buying here in Miami, but up north. She didn't even consider the fact that I'm going to college here in Miami, that I cannot and will not transfer to a university up north in Florida, which are usually private or super expensive. I'm in college because Financial Aid covers all of my classes, or else I would not be able to go.. And she says I should leave, that I won't help her, and I feel so lost because I can't even live by myself, I don't have a car, I can't handle growing up by myself, and I feel guilty for thinking that I can just move out with my boyfriend because he has monetary issues, and they'll fall on me like my mom says. Now all she'll do is shit talk about me to my whole family, and I'll just be a broke soul living in a soul eating city. I'll talk to my friends as soon as they're available, and I'll see what I can do and what I have to do. +I don’t know much about real-estate and the legality of transferring ownership on property (live in Texas). My dad is pressuring me to transfer ownership of our old house that is paid off rented out to tenants. I think his main goal is to free up his assets so that he can receive maximum benefits from the government when he retires (this January). Anyways, this sounds shady to me and even though I know nothing about assets, my gut is telling me that it can really put me into trouble in the future. My question is, will this cause me more harm (less tax breaks/legal troubles) or good (having assets under my name) in the future? +How did your plays change before and after the crash? I imagine volatility was through the roof during these times? Was it harder or easier to make profits after the crash? +Who is going to be this time? In 2008/2009 it was mainly banks and specialist mortgage lenders. + +I guess you could say Flybe were the first but they were already in a world of sh\*t and I think were already gone. + +Norwegian look to be next, but not LSE listed. + +What UK listed companies do you think could be royally f\*cked? +I know they're looking a little ragged but bear with me: + +&#x200B; + +Pros: + +Post-Covid looks like a reality and international air travel to ramp up. Planes need engines. + +Extremely high barrier to entry in the sector, only a few players. + +UK government likely to protect strategic capacity such as RR if things get even worse. By investment or force BAE to takeover, something. + +With only a few sources of these jets the customers (Boeing and Airbus) do not want to lose a supplier and have their options reduced further. Should seek to keep RR in the game. + +Have recently raised a lot of money. + +Cheap / dip. Now trading at just above £1. + +&#x200B; + +&#x200B; + +Cons: + +Have recently raised a lot of money but that doesn't seem to helped their share price much. + +Peaked at around \~425p end of 2013. Were at \~50% of that even before Covid which obviously hit them hard. They've been in trouble for a long time then. + +Seem to have picked the wrong type of engines in terms of planes, wide body instead of narrow? Make the wrong bet. I'm basically clueless about this. + +Longterm competition from the like of China might make the space more competitive. + +Financial situation generally dire (Again, I know nothing). But back to profit the last year? + +&#x200B; + +Conclusion: + +I'm more a gambler than an investor but this company... What do you think? +Recently and more commonly REA's in QLD are now stating **"contact agent or price on application"** on rental listings due to the recent boom of interstate migration and QE generating high price rental demand. +This is in **Breach** of the QLD [Residential Tenancies and Rooming Accommodation Act 2008](https://www.legislation.qld.gov.au/view/pdf/inforce/current/act-2008-073) + +*57* +*Premises must be offered for rent at a fixed amount* +*(1) A lessor or lessor’s agent* ***must not advertise*** *or otherwise offer a residential tenancy for premises unless a* ***fixed amount is stated in the advertisement*** *or offer as the amount of rent for the premises.* +*Maximum penalty—20 penalty units.* + + +The laws exist to prevent anti-competitive behaviour such as rental bidding wars, tenant farming, price gouging and playing on peoples lack of knowledge coming from interstate or playing on ones vulnerabilities in a rental crisis. + + +If you do come across an Agent listing a rental as **"contact agent or price on application"** contact them directly quoting the above breach (Chapter 2, 57) and link them to the [Residential Tenancies and Rooming Accommodation Act 2008](https://www.legislation.qld.gov.au/view/pdf/inforce/current/act-2008-073) + + +Give them 24 hours to resolve the issue, if they do not comply within a 24 hour timeframe, contact the QLD department of fair trading and as a back up the REIQ, attach screenshots of the listing in breach and the above legislation, so that is can be actioned in a quick, diligent manner. + +The rules exist to create a fair and even playing field for all Queenslanders. + + +*I hope this helps any of the Queenslanders currently struggling in the rental crisis or those relocating to the sunshine state.* +AMZN's revenue is almost 4x BABA's revenue (386B vs. 109B) + +AMZN's operating expenses grow about 20B year over year compared to BABA's around 5B year over year. + +Net income: +AMZN - $21.33B +BABA - $22.98B + +Crazy how BABA looks like a definite home run, but question is.... how accurate are BABA's books. + +I know there's a lot more into just simply looking at these numbers, but the comparison is just quite ridiculous to ignore. + +Thoughts? +Summary + +*Spotify is a young growth company dominating the audio streaming industry. Network effects will help them expand market-share a bit while economies of scale will help them become profitable. However, their competitors have deep pockets and seem willing to spend big to claim more of the pie for themselves.* + +Market Price = $238.70 +Estimated Value = $277.36 +Price/Value = 86.06% +Monte-Carlo Price Percentile = 28% +Rating At Current Price = ADD/HOLD + +\-- + +#### The Company + +Spotify is a global audio streaming service. It operates in two segments, Premium and Ad-Supported. + +1. **The Premium Segment** — \~*90% of Revenue* — Offers unlimited online and offline streaming access to its catalogue of music and podcasts without commercial breaks to its subscribers. +2. **The Ad-Supported Segment** — *\~10% of Revenue* — Provides on-demand online access to its catalogue of music and unlimited online access to the roster of podcasts to its subscribers with no subscription fees. + +Spotify is the world’s largest music streaming service with over 356M monthly active users, including 158M paying subscribers (as of March 2021). + +[Most searched music streaming services worldwide in 2020, by average monthly search volumes.](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fbbc7a813-ea6e-4fa1-a6b4-ba91421509a9_699x440.png) + +Spotify is available across most Europe, North and South America, the Asia Pacific region and Africa. By the end of the year, executives expect Spotify to be in 178 countries. However, Spotify is still essentially an American company with over 44% of revenues originating in the US. + +[Spotify still gets over 44% of revenue from the US,](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3a553411-bf59-45cc-adcd-3422ed5932bc_1572x742.png) + +The Spotify business model charges a monthly subscription to users but pays royalties to audio rights holders based on the number of streams as a proportion of total songs streamed. + +\-- + +#### The Financials + +Daniel Ek and Martin Lorentzon started the company in 2006 in Stockholm. In 2009 they expanded public registration for the service to the UK. Then in 2011, they opened up to the US and released the mobile application shortly after. Registration and user numbers surged. + +Since then, the company snowballed as it added content and expanded in current and new markets. The company’s used to free-trial strategy when entering a new market, and this worked exceptionally well. They would offer a six-month trial period where new users could listen to unlimited amounts of music for free. Then, after that, the free trial would expire and become ad-supported. + +Revenues have tripled over the last five years to almost $9.6B. While the company is still losing money, its losses are progressively getting smaller as it scales up. + +[Revenues have tripled over the last five years.](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa956683e-0890-4325-bc9c-0ef908c9798e_2400x1157.png) + +However, growth has been slowing over the last couple of years. The larger you get, the harder it is to grow. Moreover, the more market share you have, the harder it is to grow faster than the market. + +The company’s revenues, which were growing at a \~50% CAGR five years ago, are gradually beginning to grow more slowly. Over the last few years, this growth rate has come down to the 15-25% range (depending on how you measure it). + +[Growth has been slowing over the last couple of years.](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1ec4816b-ad72-46af-9afc-3dbc35edde96_2400x1163.png) + +Despite this slowing growth, the company has developed a network advantage that seems robust. Spotify primarily competes with Apple Music, Amazon Music, YouTube Music, Google Play Music, Sound Cloud, Deezer & Tidal. Although they compete to get exclusive rights from labels and media companies, some media is not exclusive and can feature on multiple platforms. Further, customers can and do sometimes have subscriptions to various services, although network effects are mighty in this industry. The more popular music a platform has, the more users will gravitate towards it, making it more lucrative for artists and labels, making it easier for the platform to attract more popular music. This cycle is an attractive feedback loop for the top dog.  + +By attracting a large user base (>44% of paid subscribers), the platform has become increasingly *necessary* to artists, producers, rights holders and record labels. This large audience makes rights holders more willing to distribute through Spotify and makes the catalogue more extensive, complete, and up-to-date. This, in turn, attracts more users. + +[The Spotify platform network effect.](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F266dfb72-fc49-4aae-840e-38b1ca9b841d_920x830.png) + +This network effect means that the big get bigger and the small struggle. Even though Spotify is already the most significant player in this market, it is still increasing its market share. In 2018, Spotify accounted for \~29% of all the global music streaming market revenue, while in 2020, the company accounted for over 32%. This dominant position hasn’t come cheaply or easily, though. Spotify is now spending over $1B/year on R&D. + +However, Spotify is still in the early/mid days of its corporate life cycle. It is a high growth company with a dominant market position. The management is trying to build the business out, solidify its position, expand into new markets, and eventually convert its current revenue potential into profits and free cash flows.   + +\-- + +#### The Story + +*Spotify is a young growth company dominating the audio streaming industry. Network effects will help them expand market-share while economies of scale will boost margins. But, their competitors have deep pockets and seem willing to spend big to get more of the pie.* + +**Total Market** — Spotify operates in the $24.6B (2020) global audio streaming market that economists expect to grow at a 17.8% CAGR until 2025. The growing popularity of platforms and internet subscription services and the proliferation of personal devices are the primary drivers of this growth. + +This is a large market that is growing rapidly. And, by expanding into new countries (soon to be in 178), Spotify is increasing the market size they play in. + +**x Market Share** — Spotify had increased its global market share from \~29% in 2018 to 32% in 2020. Despite already being the dominant player, I have assumed that network effects will help them increase this market share of global revenues to 34% by 2025. + +**= Revenues —** By expanding their market and taking more market share as per the above numbers, I assume that Spotify will grow at a CAGR of 19.24%. Analyst consensus is for a 19.19% growth rate over that time. + +**Less: Costs** — Spotify claims that they can get royalties as a share of revenues down to 70%, and I believe them. As I pointed out in my last valuation, its bargaining power has increased as it has scaled and become increasingly vital to the music industry. The company’s cost of revenue was over 88% in 2015 and is now below 75%. Also, as economies of scale continue to kick in, proportional fixed costs will come down. + +**= Operating Income** — On an R&D adjusted basis, Spotify’s operating margins are currently -0.23%. Over the last five years, Global Advertising businesses have averaged margins of 7.89%, Entertainment companies have averaged 14.5%, and Internet Services and Social Media firms have averaged 23.8%. + +I have decided to treat Spotify as operating as a combination of the above three. The Ad-Supported Segment is an Advertising business that comprises 10% of revenues, while the Premium Segment is an Entertainment/Internet Service business and makes up 90% of revenues. As a result, I have forecast stable margins of 16.3%. It’s important to note that there is reasonably strong resistance to margins getting much above 20% because of the royalty model unless other expenses are drastically cut. + +**Less: Taxes** — I have modelled for Spotify’s tax rate to go from the current effective rate of 15.69% to my estimate of the global GDP weighted average marginal corporate rate. There are also some operating losses shielding taxes over the next two years. + +**Less: Reinvestment** — Spotify is an exceptionally capital-light business producing $6.58 in revenue for every $1 capital invested. I have modelled the company to stay capital-light but with large R&D spending requirements and potentially some small acquisitions. They’re already spending >$1B each year on R&D, and I have forecast that they will pour over $3.8B in net capital back into the business over the next ten years. + +**= Free Cash Flows** — Based on this, Spotify will move to become FCF generative by 2022/’23, and I don’t expect that they will need a capital raise. + +**Adjust For: Time Value & Risk** — Spotify reports in Euro’s, but as its primary listing is on the NYSE, I decided to value them in USD. The company is a Global Entertainment, Advertising and Internet Services business with a 0.37x operating leverage ratio and 5% D/E ratio. Based on my forward 3-year average interest coverage ratio estimate, I have assigned an A3/A- synthetic credit rating and the implied 1.4% chance of distress. + +**Add: Non-Operating Assets** — Spotify owns a range of liquid/illiquid securities and an 8% stake in Tencent Music Entertainment. These are on the balance sheet at a fair value of almost $3B. I have gone with the accountants and assumed their valuations are correct. + +**Less: Debts & Other Claims** — There are debts & leases with an NPV of \~$2.3B and 12.15M employee warrants outstanding that I have valued at \~$1.7B. + +\-- + +#### The Previous Valuation - January 2021 + +When I valued Spotify earlier this year, I told a similar story about an audio streaming business with a dominant position and network effects that would continue growing and scaling and eventually achieve modest profitability. + +The stock was trading at $341.30, and I valued it at $257.7 (although I valued it in Euro’s then) and gave it a *Reduce* rating. Since then, the price has come down to $238.7. Although my story has remained roughly the same, my growth forecast has come down slightly, and my margin forecast has increased slightly. + +Changes to inputs (Jan ‘21 —> Jul ‘21): + +* **Growth:** 22.0% —> 19.24% +* **Margins:** 16.0% —> 16.3% + +\-- + +#### The Valuation + +The company reports in Euro’s, but its primary listing is the NYSE. I have valued it in USD. + +**Growth Rate:** 19.24% +**Stable Margins:** 16.30% +**Cost of Capital:** 5.82% + +[Valuation Model Output Summary](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F83b30544-ac93-4a84-b51b-04b93d0f681f_3300x2127.jpeg) + +**Valuation Model Output:** +Estimated Intrinsic Value/Share = $277.36 + +**Monte-Carlo Simulation Intrinsic Value Percentiles:** +90th = $378.74 +75th = $333.13 +50th = $282.45 +25th = $231.78 +10th = $186.17 + +\-- + +#### Market Price & Rating + +Market Price = $238.70 +Estimated Value = $277.36 +Price/Value = 86.06% + +[MC Simulation Percentiles and Stock Price](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F157adfd8-9168-4673-b019-86b3cdb06a62_1954x1208.png) + +Monte-Carlo Price Percentile = 28% +Likelihood Overvalued = 28% +Likelihood Undervalued = 72% + +Rating At Current Price = ADD/HOLD + +\-- + +**More of My Valuations & Research:** + +See the original post [here](https://valuabl.substack.com/p/spotify-technology-sa-spot-a-valuation-b0a). +Subscribe to my valuations [here](https://valuabl.substack.com/welcome). + +\-- + +**Disclaimer:**  +This publication is not financial or legal advice. This research is an independent analysis. +I just posted to anyone who wanted to know. + +Personally I have been holding Baba from $220 price and this gave me green light to buy even more especially because the price dropped significantly so my margin of safety is now even larger. +Hello friends, + +I am building out a new tool that helps with the visualization of financial statements from the past decade. ([https://stockanalyzerapp.herokuapp.com/](https://stockanalyzerapp.herokuapp.com/)) + +A visual helps to easily grasp the situation of a company's financials in a single snapshot and this tool should help you with just that. + +Also, you can zoom in/out, download the pictures, enable/disable different items in the plot and much more. + +I would love to have you use the tool and give feedback on the same. Any feature requests are also welcome! +Are there any fatfire solutions for tinnitus? I grew up shooting guns and driving tractors without ear protection and now I hear the squeal of tinnitus constantly. Is there a solution that can be had with money? +Our local market (Jackson 'Hole', Wyoming) residential market is going bonkers. Spec homes that were started with pro-formas in the $2M range when they started construction are closing in the $4M ( a dozen) + + +I bought a condo to flip (full renovation) in the high 6 figures, and an identical unit closed 90 days later 25% higher. + + +Prices that everyone thought were incredibly high summer 2020 are definitely up another 20% or more since then and inventory is near zero. + + +Anyone else seeing this? + +Edit: I have no idea where the market is going. Personally I would sell and rent somewhere else aspirational. IE attempt to time the market. But we have a dream house (probably checks 90% of my boxes) and I have 2 young kids and a wife and who gets very stressed out on moving. + +I will continue to invest funds in value add residential assuming that at some point it will fall. I use 0 leverage so I’ll just eat it when the time comes. Hopefully the value I create is most of the loss. Made it through ‘08-‘10 this way. +As many of you know, Robinhood is launching [cryptocurrency wallets](https://news.bitcoin.com/trading-platform-robinhood-launch-cryptocurrency-wallets/) soon. + +You also may be familiar with the fact that on January 28, 2021, Robinhood infamously [restricted the trading of various stocks](https://www.cnet.com/personal-finance/investing/robinhood-backlash-what-you-should-know-about-the-gamestop-stock-controversy/), making positions close-only. + +Lastly, anyone who has used the platform for trading cryptocurrency is likely familiar with the "scheduled maintenance" that conveniently obstructs you from making trades at times when the market is making a significant movement. + +Still, I know that many people are too complacent for their own good; they will be fully aware of Robinhood's corruption, but they will use the platform anyways for the commission-free trading. This brings us to our next point... + +# Are there actually no fees on Robinhood trades? + +Short answer: no. + +When you buy cryptocurrency, Robinhood makes money on the artificially wide bid-ask spread. What this means for you is that Robinhood will try to make you pay more when you buy crypto, and try to offer you less when you go to sell your crypto. + +Just for demonstrative purposes: lets say you are trying to buy 1 BTC. Robinhood might tell you that the price is $50,000. Then, they will pair you up with someone who is selling 1 BTC for $49,990, and pocket the $10 difference. + +Still confused? This analogy may help: + +>Intentionally quoting a trader a higher price so you can make money on a greater bid-ask spread is akin to shopping mall outlets raising their prices before running a steep “discount” to lure customers.  + +[\[source\]](https://coincentral.com/zero-fee-crypto-trading/) + +So please, even if you aren't concerned about Robinhood's trading restrictions and shady management, you should be aware of the way that they profit off of your cryptocurrency trades. **They still charge you a fee, it is just hidden. Since you know that fees are inevitable, you should choose a more reputable and reliable cryptocurrency broker to do business with.** +You've probably seen ASKO mentioned a few places over the past few days but lemme tell you why this is as legit a moonshot as you'll ever see (and I was the first to call Parsiq (PRQ) here a few months ago). +Currently only 15M market cap. + +You get what AAVE is, right? take a bank and make it decentralized, where the liquidity comes from the users and they earn fees from borrows. But with AAVE you only get one option: lend it out, hope you don't get liquidated. ASKO is more like a proper suite of financial products with different levels of risk and reward.. like in the real world where we have loans and credit cards and mortgages and bonds. And where AAVE only has \~10 assets, AAVE has already lined up 30+. Their vision is to let people lend or borrow anything on Uniswap. That's huge. + + +The developers are dOrg, who worked on The Graph, Balancer, even eToro. Everything they've done has been gold. Some quick mental gymnastics: + + +ASKO is currently at \~$15M market cap / $0.15 per token. +Balancer - is at $295M. So that would be a \~15X from here. $0.15 \* 15 = $3.77. + +Same devs also worked on GRT. GRT market cap = $2.1bn, so that would be a \~140X from here, = $21. + +It's a direct competitor to AAVE, with greatly enhanced functionality. In a unicorn scenario (not likely but not impossible) it reaches AAVE market cap: + +$6.5BN, = a 433X from here, = $64.95. + + +Launching in 2 - 3 days. +Assuming a lot of you are like me. New to theta strategies, a little to risky, not quite WSB but still a dummy. + +Is there a way to make an auto post on Fridays to discuss what we did wrong during the week or to close out the week. Basically the opposite of the daily morning post. Just a week end wrap up. + +I think this will be beneficial because it will show that being risky is just gambling and also how theta plays work in the long term because week by week you can see what someone did. + +I know there is a fine line drawn by the Mods, I don’t disagree with them, I just think that showing failures is as educational- if not more educational than showing wins(still keeping the $2k proof rule.) + +It’s like a support group for those of us who are still learning the better ways. +Amazon drops 7.5% today after earnings, losing 137.25 billion in one day. This is the biggest marketcap drop in one day. To put in perspective, if markets were flat, amazon alone would contribute 0.3% in sp500, 0.63% in QQQ, 1.65% for consumer disc sector. The drop is enough, in theory, to send 1100 dollars to every us household. + + Only 98 companies worldwide (of which 59 is us) have a marketcap of 137 billion+. In terms of marketcap leaders, apple is 2.4 trillion, microsoft is 2.15 trillion, google is 1.8 trillion, amazon is 1.67 trillion. google surpasses amazon in marketcap due to strong surge as earnings beat expectations by more than 40%. amazon missed revenue and guidance was below expectations. this is one of the few times amazon misses earnings, previous miss was in October 2018, and one of the worst % drops for amazon not including 2000,2008 crash. Also jeff bezos fell to 2nd richest after today's drop. + +In my opinion, this drop is exaggerated. most of the drop is because of sales dropping and bad guidance, but most of revenue comes from retail. But most of the profit comes from aws and ads, and both of the business has accelerated this year. Retail is low margin business, usually 2-3% whereas 20-30% for ads and aws. so aws and ads revenue is 10 times more valuable. People pay attention to revenue as a whole instead of the segments making the profits. If i would break down segments by importance it would be: 40% aws, 25% ads/other, 35% store. I think the aws/ads accelerating would increase stock price so if store was its own company, it would be a 22.5% drop. this drop is unjustified. I would consider to buy this stock but im more of an etf guy, so i dont have a position. + +sources: companiesmarketcap, vanguard/nasdaq site. +Was having a conversation with my mate who has recently moved out of his parents house and found a place to rent with his girlfriend. He was asking what the best way to bring up a prenup with his girlfriend because apparently after 2 years of living together you can be considered as a defacto relationship. I question him why he wants one and he said he loves her and everything but wants to insure himself financially because he makes more than double what his partner does and has $110k in assets while his partner is in debt. + +How would you/did you ask your girlfriend/wife for a prenup and when do you do it to insure all your past, present and future assets? + +Edit: I've shown him this reddit thread and he has said thank you for everyone's feedback. He said, $110k in savings might not seem like much but it took him a lot of effort to get it. He also said he has accepted a $200k/yr job which he starts in the new year, so his wealth should grow much faster and the salary difference from himself and his partner will get even wider. +Say you’re under water and want to walk away from the home loan due to a crash, what would happen to you if you defaulted? + +Would they garnish wages? Would the debt folloe you? + +How long until you could get another home loan? + +Edit: thanks for the helpful advice. I’ll just point out I’m not in this situation. I’m just more curious than anything, incase house prices fall I’m sure people will be in negative equity (if the falls actually eventuate). +Fed up with rug-pulls and honey-pots? So is everyone else‼️ DragonMusk is so much more than another pointless meme coin designed to pump and dump - It is a genuine utility project that was reborn as a community project after the developer abandoned it and has never been stronger. 🚀 Did we mention that one of its main charity aspects is to actually give BACK to people who have been the victims of rug-pulls and other scams? After all, charity starts at home! 😇 + +Helmed by a dedicated leadership team that include business entrepreneurs, social media experts, graphic designers and even an author, DragonMusk has become anything but a meme. The team mean business 😎 + +The project has just undergone a huge overhaul, with a new logo, new website, updated website that shows an exciting roadmap including weekly AMAs, a podcast, big partnerships and even DragonSwap - a new platform that will devour Pancake swap 🐉 + +Listed on CG, CMC and LiveCoinWatch, with exchanges planned in the near future, there is no stopping this dragon taking flight! Don’t even ape in - just come and check out the telegram and meet the members. Beyond a doubt DM has the friendliest Telegram community in the DeFi space. Come for the profit, stay for the people! 🤝 + +It is Dragonmusk’s genuine aim to follow in the footsteps of Safemoon and Shiba Inu, with a anti-scam charity token that has genuine utility and an awesome community that is more like a family than anything else. So stop messing with shitecoins that will pump and dump your profit and instead jump on the back of a dragon for a fast trip to the moon and beyond! 🐉 + +🐲Address: 0x338196a509b4c66749c3f44c21c00501e6acf7bc + +🐲Token Features: 10% taxFee 5% for directly add to the LP 5% for directly add to all diamond hands HOLDERS + +🐲LP Lock https://bscscan.com/tx/0xb1961bb04461bf4d728589f288f820affecc7eb852139c86029a7ea5b24855c9 🔐 + +🐲LP Burn https://bscscan.com/tx/0xb1961bb04461bf4d728589f288f820affecc7eb852139c86029a7ea5b24855c9 🔥 + +🐲Ownership = Reounced + +🐲Check from RugScreen = safe! Can check it yourself! 💯 + +🐲Supply = 100,000,000,000,000,000 +Let's go get it! As usual, DYOR! 🧮 + +🐲Buy on Pancakeswap https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x338196a509b4c66749c3f44c21c00501e6acf7bc +Remember to set slippage to at least >11% 🥞 + +👨‍💻 Upgraded website +www.Dragonmusk.ga + +📩 Telegram +https://t.me/DragonMuskCommunity +Reddit /r/dragonmusk/ + +🐦 Twitter +https://twitter.com/dragonmusk/status/1391040413411299328?s=21 + +🤳 Instagram +https://Instagram.com/dragonmusk_dmusk?utm_medium=copy + +📝 Article + +https://pandemonian1.medium.com/how-dragonmusk-is-set-to-become-the-guardian-of-defi-75917e3b55c4 +My gf recently got a letter from the mail from a collection agency saying she owes the said amount. She explained to me that she was paying the bills that she received from EZ Pass themselves from the mail since they stopped having actual people in the toll booth due to COVID. There were signs saying that drivers can go through, but a bill will be sent to them via mail. + +Before she let me look at the bill, she sent it back to dispute it and highlighted the ones she wanted to dispute. Any tips from the community is much appreciated. Should we ask for an itemized bill because she told me that the bill has some where it says $0.50 (cost of toll) and others that are in the hundreds. She only takes the ones that cost $0.50. + +State: NJ + +Update: So I just found out that my girl gave the letter to her father to mail yesterday but he didn't so I told her good and to show me it before it goes out. I realized that there are admin fees on it that range to some being $50 and others being $100. She took it upon her self to pay the toll portion ONLY to collection and not the admin fees. I tried to explain to her that she shouldn't have done that because she now is in charge of paying the rest since she basically admitted she at fault. Is she screwed? +I received a Notice of Deficiency from the IRS for a different issue. On this notice it shows I have taxable dividends from a USAA 500 Index member fund and Victory Capital (which appears they are the same company?). + +However, I completly forgot these accounts existed, I have never had access to them nor have I seen any bank statement, or any information on them. I vaguely remember him opening it for me when I was a kid. My grandfather refuses to send me information, told me he forgot about the accounts, then told me his ex wife has been the custodian for them the past decade, and then informed me the reason I have $38K in student loan debt is because I "didn't ask him for the money to pay my tuition." 🙄🙄 The accounts have my SSN attached to them, and he has told me it was for education. + +Is this fraud? Was he supposed to turn this over to me when I turned 18? What can I do to access these account and take him and his ex wife off? I admittedly don't know anything about this stuff. He's a wealthy bastard that is very smart about using different accounts to spread out his money and keep it from the IRS. I think he opened this to evade paying taxes as I have not seen a single dime, and I am almost 30. + +Any information or direction you guys can give me would be appreciated. Thank you! + + + +Edit: Thank you for the helpful replies and ideas! All I saw were these accounts with my SSN attached that I didn't know about, so naturally my mind went to the worst. My grandfather is the ultimate narcissist. He's not well known for being generous and better known for being shady as fuck. Which is why my post seems so "entitled" and angry. I've just known him to fuck everyone over to benefit himself. My toxic grandfather story is for another sub. Either way thanks again and this gives me a solid start! +How do we feel about the news that Affirm has filed paperwork with the SEC to go public? I'm a bit excited about it. I think it has pretty good long-term potential. It saw some losses in 2019, which shrunk in 2020. Their revenue has also grown, probably with all the folks staying at home and ordering Pelotons. Of all the recent news of companies filing their IPO paperwork (AirBNB, Wish, Roblox, and DoorDash), I'm personally the most excited about Affirm. +I know 2020 has been a unique year in terms of IV but previous to this, what sort of monthly income would be possible using a $500k account and portfolio margin. + +Mainly using the wheel strategy to sell premium whilst avoiding assignment if possible. + +With IB portfolio margin would give a $500k account 3M buying power if I remember correctly. +Standard is 4:1, PM is 6:1. + +Assuming you use 30% BP, what sort of returns or income do you think is possible in normal IV times? + + +Thank you +I've seen a few comments on posts lately stating that a lot of investors don't use DRIP to reinvest dividends. Can someone please explain why this might be a good idea or bad idea? + +My current dividend holdings are Apple, Verizon & Walgreens, and have a few others on deck (Intel, Lumen, a couple REITs). + +I have my current dividend holdings set up for DRIP. I know dividends aren't paid on fractional shares but as my holdings increase and the fractional shares become whole, it seems more worthwhile. I'm 32 and plan on holding them for years. My other train of thought would be to take the cash from the dividends and reinvest into something like Lumen or a REIT. + +I know everyone's strategy is different but I'm trying to get some insight on DRIP specifically. Appreciate the help! + +Edit: Thanks for all the great input! +Let me introduce you to a hidden gem with revolutionized reward token mechanics! MoonMiner !! + +&#x200B; + +It's a unique contract, the first of its kind with sustainable BNB distribution focused on the long time holders. 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Sceptic questions are the best! + +&#x200B; + +✅ Automatically pays BNB rewards + +&#x200B; + +&#x200B; + +Ca: 0xb9a0caabd2f247631ecf03dd5e363c430c66a65b + +Tg: moonminer\_official + +[https://moonminer.org/](https://moonminer.org/) + +[twitter: MoonMinerToken](https://twitter.com/MoonMinerToken) +FrMartin Lewis: Working from home (even for part of the week) due to coronavirus? Claim £6/week tax back on extra costs + +New 20 October 2020: Required to work from home even for ONE DAY since 6 April… you can claim tax relief for the WHOLE YEAR – worth £60 or £125 [ie you don’t need to wait until the end of the year to do this] + +https://blog.moneysavingexpert.com/2020/04/martin-lewis--working-from-home-due-to-coronavirus--claim-p6-wk-/ +I'm currently renting to two tenants in a unit, a mother and daughter, who are both adults and on the lease we signed a few months ago. They told me it would just be them and everything went smoothly with the credit and background checks. + +On the day of the move-in the daughter was not there (she lives and works 3 hours away so I put 2 and 2 together pretty quickly she wasn't going to be living here and would just be cosigning) and the woman had a man with her that she told me was there to help her move in. I said to myself okay, sure, I get it. + +Well, I get a maintenance request and she's not home, but this gentleman is there to let me in. At this point I'm super skeptical, but who knows, coincidences have happened once or twice in history. + +Some time later I get another maintenance request so I go over again today and he's there and it's pretty obvious he's residing there, or at least there often. My question now is, how do I approach this? I'm assuming I'm going to have to add an addendum to the lease with him as a tenant and subject him to a background check. Is that something I should 100% do? At this point it's already rented and my thought process is "well there was a reason they didn't tell me about him so I assume somethings going to come up". If that happens do I tell them he has to leave or they get evicted? + +In the grand scheme of things they are pretty average tenants. I've spotted a few bits of damage they've done when I was over and I've gotten calls about some minor things breaking (door knobs, etc) that we have replaced in the past. I'm just looking for an outside perspective of if the worst happens to be true here, how would you proceed or am I just overthinking this? + +Edit: Just realized this may not be the ideal subreddit. If so, please let me know and i'll remove this. +Two big Canadian commercial landlords say the majority of their tenants have made April rent payments, providing the first glimpse into the health of the real estate market as scores of businesses are forced to close due to the coronavirus pandemic. + +Eric Carlson of B.C.-based Anthem Properties, which owns $5-billion worth of commercial, industrial and residential real estate in North America, says about 70 per cent of the tenants in his 60 buildings were paid up. + +Ed Sonshine, the CEO of RioCan Real Estate Investment Trust, said “a vast majority" of the REIT’s major national tenants paid the April rent. Meanwhile, two-thirds of his smaller, independent businesses took advantage of a 60-day, interest-free, rent deferral that he offered. + +It’s been a frantic few weeks for dozens of commercial property owners. A number of major players, including Ivanhoe Cambridge, Cadillac Fairview, Oxford Properties and QuadReal, have said they will work with tenants who need rent relief on a one-on-one basis, and a number of retailers and small businesses have not been able to pay given shutdowns caused by the pandemic. + +“This thing has been moving so fast, it makes my head spin,” said Mr. Sonshine, whose REIT is one of Canada’s largest property owners, with malls, shopping plazas, offices and apartments in Toronto and other major cities. + +In Vancouver, Mr. Carlson spends his days in conversations with his team through three large-screen computers to cope with the rapidly changing economic landscape. + +“In the big picture, the economy went to 50 per cent less overnight. We keep trying to compare it to the recession, but it’s not.” + +Ivanhoe Cambridge and Oxford Properties declined to provide numbers on the share of tenants who made their April rent payments. + +Mr. Sonshine said independent tenants – small businesses such as nail salons and restaurants, comprise about 15 per cent of RioCan’s commercial tenants. + +“We have taken the position, right from the beginning of this crisis, almost a month ago, that anybody that asks for a 60-day deferral, we are giving it to them,” he said, and that they would reassess at the end of May. “You have to keep focusing on one thing, leases are a contract and they have to pay rent later or go into some form of bankruptcy. On the independent tenants, we don’t want them to have to make those kind of choices.” + +He said about two-thirds of those tenants took advantage of the 60-day rent deferral. + +“The other one-third, somewhat to my surprise, paid their rents. Maybe a lot of those restaurants are doing fine on takeout. They also realize that sooner or later that rent has to be paid and they did not want to get behind.” + +Mr. Sonshine said 85 per cent of his commercial property tenants are what he calls national tenants, such as Best Buy and Loblaws. His portfolio also includes big names that have been forced to shut down, such as fitness chain Goodlife Fitness and fashion retailer H&M. + +"There are some big companies that did not pay but very few and those quite frankly, we are reminding them that, ‘Guys, you have a contract. Unless you are planning to go broke, you got to pay this.' I frankly expect virtually all of them to pay.” + +He said those who don’t pay could face legal action or eviction. “That will be done on a tenant-by-tenant basis, very thoughtfully,” he said. + +At Anthem, Mr. Carlson said he noticed a range in attitudes among his tenants. Some told him they could not pay the rent at all. Mr. Carlson suspects they were already in financial trouble and the pandemic now gives them an excuse. Another tenant with a small operation promised Mr. Carlson that he’d collect pop bottles to pay his rent if he had to. Still another business, “owned by a high-net-worth family,” told him immediately they wouldn’t pay April rent. + +“I do think there will be a day of reckoning. That arrogant tenant, we’re looking to replace them." + +He’s trying to help those who he thinks really need it. “I have to be stern but friendly. I’m saying ‘What do you need to survive – but don’t take advantage.’ If the tenants do the best they can, we’ll all get through.” + +Both executives are also assessing their own cash-flow situations. Although RioCan did not receive all rent that was due, the REIT says it has more than enough cash flow to meet its financial obligations. “We can ride out this storm,” Mr. Sonshine said. “It is a temporary cash-flow storm.” + +Mr. Carlson said he is conserving and drumming up cash wherever he can. “We have to stretch out our liquidity, we have to be conservative with our cash, to keep everybody happy on the supply side.” + +https://www.theglobeandmail.com/business/article-anthem-properties-riocan-say-majority-of-tenants-have-made-april-rent/ +**\*\*\*\*\*\*\*\*\*\*Not a financial advisor. Not financial advice\*\*\*\*\*\*\*\*\*\*** + +Greetings, Apes. Today I was contemplating whether to cut my hair into a mohawk or to get a bald fade. Obviously, those are very similar. Today, I decided to listen to Linkin Park's smash hit, "WAP," which always gets me going. I was definitely feeling a little high cuz I had just consumed THREE, yes THREE, fig newtons when I got a message from another primate. I was hoping that he was going to tell me about a new flavor of pringles that I could try, but instead, he pointed out something important about the FTD cycle that I might've missed. His name is u/precocious_kid if you're wondering. So, perhaps in my WD40-filled voyage in my shed, I missed this important paragraph in Regulation SHO: + +"Rule 204 provides an extended period of time to close out certain failures to deliver. Specifically, if a failure to deliver position results from the sale of a security that a person is deemed to own and that such person intends to deliver as soon as all restrictions on delivery have been removed, the firm has up to 35 calendar days following the trade date to close out the failure to deliver position by purchasing securities of like kind and quantity. Such additional time is warranted and does not undermine the goal of reducing failures to deliver because these are sales of owned securities that cannot be delivered by the settlement date due solely to processing delays outside the seller’s or broker-dealer’s control. Moreover, delivery is required to be made on such sales as soon as all restrictions on delivery have been removed and situations where a person is deemed to own a security are limited to those specified in Rule 200 of Regulation SHO. A common example of a deemed to own security that cannot be delivered by the settlement date is a security subject to the resale restrictions of Rule 144 under the Securities Act of 1933." + +See that? 35 CALENDAR DAYS. Not trading days. 35 calendar days is exactly 5 weeks (5 weeks and 1 day because T+35). 5 weeks has up to 25 trading days (weeks with holidays would be less), which might help explain why the cycle seems to be anywhere from 19-22 trading days (it says "up to 35 calendar days" so this is a maximum so they could cover before then). ALSO, and maybe even more important, notice that it says "these are sales of owned securities that cannot be delivered by settlement date." How do they get around owning them? Synthetic longs (ITM calls). So, it makes sense why the price spikes every 35 days (you will see that below) because they don't actually own the shares, they just own calls that make it look like they own the shares. Then, when the 35 days come, they actually have to buy the shares, which causes the spike. + +Well, with this information, I had to take a look. So, I immediately started blasting Coldpay and Katy Perry songs, got FOUR fig newtons (I know, dangerous), sat in my race car bed, turned on my limited edition "your favorite Dino" Barney and Friends mega big boy lamp, and got to work. + +https://preview.redd.it/7hekhuhezbw61.png?width=480&format=png&auto=webp&s=9b9b0714c98a768160c957600c2df356270066d4 + +What I found, dear apes, was pretty sick. The first thing I did was try to connect the original squeeze with T+35, here's what I got: + +https://preview.redd.it/872h1c9nrbw61.png?width=1304&format=png&auto=webp&s=236d3a9ac98968e2a8ed234219e97d7c2aae6d4e + +Again, this is T+35 calendar days, not trading days. Remember the 35 day period is a maximum, so they can cover before that! + +But what about when GME doubled in late February because the CFO was ousted (again, I still don't buy this as the reason it doubled because that makes zero sense)? Can T+35 explain that? + +https://preview.redd.it/jkwvy9gosbw61.png?width=1314&format=png&auto=webp&s=efbff74687e4f9c54b644adff7aa0364546e7503 + +The answer is yes. Even the volumes add up. Now, you might be thinking that some of the days that correspond to the T+35 are green, so they don't count for being a day that the stock was shorted; however, though the days are green, there was still short activity as the price fluctuated greatly in these days. Though buyers won on those days, there was still a fair amount of short pressure. + +But wait, are there any more? + +https://preview.redd.it/4ad6ns8atbw61.png?width=1306&format=png&auto=webp&s=e0f55ad71a54ad16c8f924915714afda6d2fb5b7 + +2 red candles? Hank stop it, you've lost your mind. Well, dear ape, that is true. But if you look closely, though it's a red day, it gapped up from the previous day. Boom, another increase. But are there more? + +https://preview.redd.it/p6fp1cnptbw61.png?width=1312&format=png&auto=webp&s=56d2d75839115e5c171a96c571e2b13591a8553a + +This one isn't as exact because I can't tell if the short happened on 3/22 or the next day; however, about 35 days later, what do we see? Yup. In the words of K-Pop star, DJ Khaled, anotha one: + +https://preview.redd.it/eyc5ol34ubw61.png?width=1310&format=png&auto=webp&s=adb194a03affc13a5129781e495a98e23dc7fa0d + +But Hank, what about earlier dates? + +https://preview.redd.it/rlkwi73szbw61.png?width=800&format=png&auto=webp&s=90bd5f7f062a4598415fada969220e46b1006f16 + +FUCK, WRONG PICTURE, HERE'S WHAT I WAS LOOKING FOR: + +https://preview.redd.it/kg8r7bqrubw61.png?width=1318&format=png&auto=webp&s=13a3fe685de3cfc8652f37fdb75041d3b2ec4596 + +But Hank, surely you're just an idiot cuck who doesn't deserve his wife's boyfriend? + +https://preview.redd.it/eru5zl7bvbw61.png?width=1481&format=png&auto=webp&s=e949415c93aaf62716007ce995643e37267496f2 + +Alright apes, so there's a fair amount of evidence, but what about connecting monthly option expiries to T+35. Well: + +https://preview.redd.it/vu7yjac7wbw61.png?width=1322&format=png&auto=webp&s=c32cbaad0bdb50c1d51b385849b0d3097078b9ba + +The red lines are monthly option expiries. You may have noticed that I already gave some of the T+35 dates above a different day that was slightly before or after the option expiry. The reason I showed both of these is because it's hard to know exactly when they covered because T+35 is a maximum, so that means it could be either lined up with option expiry or short attack days..... or both. + +"BUT HANK, YOU'RE DIGGING TOO DEEP INTO THIS, IT CAN'T POSSIBLY BE TRUE. THIS IS AN ISOLATED INCIDENT WITH A STOCK THAT TRADES IRRATIONALLY." Oh little ape. I direct you to this post, which shows that TSLA, Sundial, and Draftkings all do the exact same thing (which makes sense because they have also been heavily shorted): [https://www.reddit.com/r/GME/comments/n1m2bx/ftd\_volume\_in\_shorted\_stocks\_have\_clear\_cycles/](https://www.reddit.com/r/GME/comments/n1m2bx/ftd_volume_in_shorted_stocks_have_clear_cycles/) + +Shoutout to u/floW-- you are loved by Hank + +I also tested this theory with AMC and it works just as well (didn't feel like posting screen shots because am lazy). Now, you're definitely thinking to yourself, "but Hank how can this be true, are you saying it's a market-wide phenomena?" + +[YES](https://preview.redd.it/vj65861nxbw61.png?width=320&format=png&auto=webp&s=b76b2a3311140af633c8e7f644c5d3a5fa840904) + +I will now direct your attention to an important DD about 2 important OCC rules that I think everyone should be aware of. These could explain why we are trading sideways and could also show where we might be heading. These have to do with FTDs, so it compliments this theory: [https://www.reddit.com/r/Superstonk/comments/mu9xed/why\_were\_still\_trading\_sideways\_and\_why\_we\_havent/](https://www.reddit.com/r/Superstonk/comments/mu9xed/why_were_still_trading_sideways_and_why_we_havent/) + +Shoutout to u/c-digs for this post, you are also loved by Hank. + +Finally, I would direct your attention to every single post by the absolute ZADDY who is u/atobitt. This KING does legitimate research on the problems of naked shorts, rehypothecation, and FTDs on a market-wide basis and shows how it's a giant house of cards. There was also a QA with Dr. Trimbath (hopefully you already know about that) and she goes over the dangers of naked shorts and FTDs in Wallstreet and how it's a bigger problem than anyone thinks. Overall, this is just further evidence of the dangers of FTDs and how pervasive they are in the market. + +**Where to next?** + +I'd like to keep digging and see if I can find anything else related to T+35 or any smaller trends in FTDs (maybe related to weekly options but IDK if there's anything there). I'd also like to emphasize the point I made the other day about there being these random green candles in the middle of the day for GME, which are the highest volume of the day and are an anomaly when compared to other stocks (but not AMC). Maybe FTDs can explain this as well? We shall see. + +Finally, I want to reemphasize a point that I made in a previous DD to put this into perspective: + +"There are many DDs that say similar things to this involving periods revolving around FTD cycles and price increases. Some of these DDs are identical. Others are very similar and others are different. Some say that the FTD period is X days while others say it's Y days. Some say it's based on option expiry, others say it's just random, others say it's based on ETFs. HOWEVER, all of them have one crucial thing in common, which is the most important thing for you to get from this DD: HFs are TRAPPED in an FTD cycle and are using every trick in the book to reset/delay the FTDs. The only way for them to get out of it is for apes to lose interest and sell the stock. This cycle gets more and more expensive for them as time goes on and eventually the cost will outweigh their resources and they will be forced out through margin calls." + +That's all for now. Stay strong, apes. + +**\*\*\*\*\*\*\*\*\*\*Not a financial advisor. Not financial advice\*\*\*\*\*\*\*\*\*\*** +Welcome back to your favorite german reddit thread, where almost nothing happens 😁 +But it's nice to see all of you, good morning/day/evening/night! + +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 $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of comradery is critical, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + + +Starting: 138.99 US-$ + +5 minutes in: 138.99 US-$ + +10 minutes in: 138.99 US-$ + +15 minutes in: 140.05 US-$ + +20 minutes in: 140.58 US-$ + +25 minutes in: 140.63 US-$ + +30 minutes in: 140.58 US-$ + +35 minutes in: 140.93 US-$ + +40 minutes in: 140.93 US-$ + +45 minutes in: 140.93 US-$ + +50 minutes in: 140.93 US-$ + +55 minutes in: 140.93 US-$ + +60 minutes in: 140.93 US-$ + +65 minutes in: 140.93 US-$ + +70 minutes in: 140.93 US-$ + +75 minutes in: 140.93 US-$ 😴 + +80 minutes in: 140.93 US-$ + +85 minutes in: 140.93 US-$ + +90 minutes in: 140.93 US-$ + +95 minutes in: 140.93 US-$ + +There's some movement, you can see that when you click the link I provided...but the highest price that I can sell for hasn't changed so no movement for me 😄 + + +Oh wow, my currency app just updated...it's 143.93 US-$ not 140.93 US-$... Thank you guys and girls in my comments for telling me that. +I mean my prices are a bit off sometimes, that's normal, but 3 US-$ is quite a number 😂 +I checked it many times, it was always 140.93 ... well things like this happen, I'm sorry for the confusion. +I won't change the numbers that I already posted but just add like 3 US-$ to all of them in your mind, should work 😉 + +100 minutes in: 143.93 US-$ + +105 minutes in: 143.93 US-$ + +110 minutes in: 143.93 US-$ + +115 minutes in: 143.93 US-$ + +You probably know the drill by now, the US pre-market is about to open so that's it for the day. +Again sorry for the little conversion confusion but as I said, I don't think that this is reeeally about the numbers so I hope you can forgive me 🤗 +Thanks for the support, I'm being compared to Mr. Rogers in the comments, you're all crazy 🤣🤣 +I love you all, we'll see each other tomorrow...don't forget to give some hedgies hell today!! 🦍 +Jim Cramer gets a lot of attention - both positive and negative. Some people say that you should do the opposite of what he says and you would make money. I sticked with a simpler approach trust no-one but numbers. + +Below you can find the statistics for executing LONG positions for all the Mad Money "buy mentions", SHORT for "sell mentions". Opening positions every morning at 9:30am on the day after the show, holding until 9:30am next day and repeating the same. + +**The Setup** + +I ran 2 Strategies: SHORT and LONG. Below is the setup. Each Strategy tracks all the historical Mad Money calls and updates with new every night. $10K distributed daily equally among all stocks on each side. + +https://preview.redd.it/ed0lwiialwz81.png?width=1946&format=png&auto=webp&s=fe275e6b87f7aed88a899a15e44f974369e28ab2 + +**The Results** + +I was a bit skeptical at first. Thinking that it would be mimicking the overall market performance at best or even losing money. I was pleasantly surprised with 2022 performance first + +* \+11.86% on the LONG side YTD +* \+28.53% on the SHORT side YTD + +[2022 Results, SHORT & LONG](https://preview.redd.it/5028y253nwz81.png?width=1890&format=png&auto=webp&s=b79c7293d70fba494a8c5dffd3d21195ebb501d5) + +Then I decided to backtest it since 2016 and here is what I got. + +&#x200B; + +[YOY Results](https://preview.redd.it/1p4xzksk2v091.png?width=1560&format=png&auto=webp&s=e82a90d4a05b6e1baf50cc044c0d00fa912f725c) + +https://preview.redd.it/o8asem9v2v091.png?width=1552&format=png&auto=webp&s=6f0ccc2c1902ea26f54ecd22599a17d1449e53ad +My father is 74, he is retired. He inherited \~1.5 million usd from his parents. he has that money invested into an annuity, from which he receives over 5,000 usd a month. he also collects social security, and has a very small retirement from working at american airlines. overall, his monthly income is more than 6,000 usd. + +&#x200B; + +He lives in Utah and his rent is just under 1,400 a month. He is having trouble paying his bills, he cancelled his cable subscription because he couldn't afford to pay 300 usd per month for it. he always has trouble paying his income taxes. He also regularly brags about wearing 2,000 skiing outfits. he claims all of his skiing outfits cost that much. + +&#x200B; + +He asked me if he could use my address (I live in california) as his place of residence so that he can avoid paying utah state taxes. he wanted me to send all of his bills, mail, etc. to him in Utah. I told him I couldn't do that because I did not want to knowingly assist him in committing tax fraud. his immediate response was to remove my phone from his verizon plan after sending me a text message saying he does not want to speak to me and that I'm not welcome at his funeral. + +&#x200B; + +He has grown increasingly stubborn and mean in the last few months, I'm worried that he either has some sort of mental illness, like dementia, or that he has gotten himself into some sort of debt or drug abuse problem. What should I do if i think he's not capable of managing his finances? is there anything I can do? any advice or information is appreciated, thanks for reading. + +&#x200B; + +edit: it looks like I may have too many messages to reply to at this point. thank you to anyone who has read this, and anyone who has left heartfelt or useful advice. I really appreciate it. I'll try to read through everyone's advice/comments, whether or not I reply. again, thank you. + +Edit 2: a few people have suggested contacting adult protective services. That sounds like a good place to start. If he will talk to me again I'll ask him to get a mental health check up, and consider giving my uncle access to his financial accounts to figure out what's going on. + +Also to clarify, he Inherited 1.5 million and that amount was invested into an annuity. I do not know if my brother and I will inherit the annuity when he passes. + +Thanks again to everyone who made helpful suggestions. + +This is a list of the top 20 companies that experienced the largest change in insider shares in the last seven (7) days. +The SEC defines an insider as any officer, director or 10% shareholder. It is not illegal for these people to buy or sell their own shares. +In fact, since most of them get paid in stock options, it is expected. However, it is illegal for them to trade on inside information +that has not been made public. So for example if there are drug trial results that are bad and not public, +insiders cannot dump shares. That said, many people have observed that insiders - in general - seem to have a good +track record at timing their purchases. All trades that are marked as part of a 10b5 plan are excluded from this report. + +## Largest Insider Buying (Last 7 Days) +Company|Count|Shares Changed|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[TGE / Tallgrass Energy, LP](https://fintel.io/n/us/tge)|4|611,080,244|22|13,718,751,478 +[CRNX / Crinetics Pharmaceuticals, Inc.](https://fintel.io/n/us/crnx)|1|1,071,428|14|14,999,992 +[DRI / Darden Restaurants, Inc.](https://fintel.io/n/us/dri)|12|77,808|58|4,551,768 +[HAL / Halliburton Co.](https://fintel.io/n/us/hal)|1|350,000|9|3,038,000 +[IMBI / iMedia Brands, Inc. Class A](https://fintel.io/n/us/imbi)|2|1,342,514|2|2,755,570 +[VOXX / VOXX International Corp.](https://fintel.io/n/us/voxx)|10|379,826|5|1,736,405 +[AXDX / Accelerate Diagnostics, Inc.](https://fintel.io/n/us/axdx)|2|139,007|9|1,275,602 +[PPR / Voya Prime Rate Trust](https://fintel.io/n/us/ppr)|2|314,293|4|1,243,314 +[CUTR / Cutera, Inc.](https://fintel.io/n/us/cutr)|2|114,285|10|1,199,993 +[KEY / KeyCorp](https://fintel.io/n/us/key)|2|104,485|11|1,085,784 +[T / AT &amp; T, Inc.](https://fintel.io/n/us/t)|1|36,000|29|1,057,579 +[GRPN / Groupon, Inc.](https://fintel.io/n/us/grpn)|1|1,000,000|1|950,000 +[MS / Morgan Stanley](https://fintel.io/n/us/ms)|1|19,000|39|734,871 +[CFG / Citizens Financial Group, Inc.](https://fintel.io/n/us/cfg)|3|35,000|20|693,800 +[PHD / Pioneer Floating Rate Trust](https://fintel.io/n/us/phd)|3|70,294|8|588,931 +[OPK / Opko Health, Inc.](https://fintel.io/n/us/opk)|8|325,000|2|540,364 +[PIH / 1347 Property Insurance Holdings, Inc.](https://fintel.io/n/us/pih)|3|81,207|5|388,640 +[EHI / Western Asset Global High Income Fund Inc.](https://fintel.io/n/us/ehi)|3|31,299|8|264,067 +[QTM / Quantum Corp.](https://fintel.io/n/us/qtm)|2|61,571|4|238,283 +[BOCH / Bank of Commerce Holdings](https://fintel.io/n/us/boch)|3|32,000|7|217,200 +[SCHW / Schwab Charles Corp](https://fintel.io/n/us/schw)|1|5,530|36|200,048 +[OTIV / On Track Innovations Ltd.](https://fintel.io/n/us/otiv)|1|960,000|0|192,000 +[PNFP / Pinnacle Financial Partners, Inc.](https://fintel.io/n/us/pnfp)|3|5,000|35|174,300 +[DMLP / Dorchester Minerals, L.P.](https://fintel.io/n/us/dmlp)|16|15,000|10|153,252 +[GME / GameStop Corp.](https://fintel.io/n/us/gme)|2|29,500|5|135,410 +[ECC / Eagle Point Credit Company Inc.](https://fintel.io/n/us/ecc)|5|21,500|6|135,395 +[RGT / Royce Global Value Trust, Inc.](https://fintel.io/n/us/rgt)|4|14,976|9|134,982 +[CNBKA / Century Bancorp, Inc.](https://fintel.io/n/us/cnbka)|4|2,046|59|117,331 +[TSC / TriState Capital Holdings, Inc.](https://fintel.io/n/us/tsc)|1|8,500|13|110,160 +[ZAGG / ZAGG Inc](https://fintel.io/n/us/zagg)|1|30,000|3|103,518 +[KMX / CarMax, Inc.](https://fintel.io/n/us/kmx)|1|1,550|64|99,061 +[SHRG / Sharing Services Global Corp.](https://fintel.io/n/us/shrg)|1|1,000,000|0|85,000 +[BRBS / Blue Ridge Bankshares, Inc.](https://fintel.io/n/us/brbs)|1|3,700|16|59,196 +[VOL / ](https://fintel.io/n/us/vol)|6|47,402|1|35,653 +[ICMB / Investcorp Credit Management BDC, Inc.](https://fintel.io/n/us/icmb)|3|7,595|5|35,263 +[AGX / Argan, Inc.](https://fintel.io/n/us/agx)|1|1,000|35|35,100 +[EIC / Eagle Point Income Company Inc.](https://fintel.io/n/us/eic)|4|3,250|10|31,358 +[MACK / Merrimack Pharmaceuticals, Inc.](https://fintel.io/n/us/mack)|6|7,498|3|24,369 +[AMRB / American River Bankshares](https://fintel.io/n/us/amrb)|1|2,500|10|23,750 +[MMLP / Martin Midstream Partners L.P.](https://fintel.io/n/us/mmlp)|3|15,813|1|18,371 + +## Largest Insider Selling (Last 7 Days) +Company|Count|Shares Change|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[PG / Procter &amp; Gamble Co. (The)](https://fintel.io/n/us/pg)|8|-4,179,713|121|-504,824,354 +[NET / Cloudflare, Inc. Class A common stock, par value $0.001 per share](https://fintel.io/n/us/net)|3|-4,000,000|25|-100,000,000 +[BLK / BlackRock, Inc.](https://fintel.io/n/us/blk)|6|-88,799|478|-42,355,171 +[TGE / Tallgrass Energy, LP](https://fintel.io/n/us/tge)|2|-1,507,749|26|-39,578,411 +[MRKT / Markit Ltd.](https://fintel.io/n/us/mrkt)|1|-496,764|67|-33,298,091 +[LULU / lululemon athletica inc.](https://fintel.io/n/us/lulu)|5|-135,836|222|-30,000,134 +[K / Kellogg Co.](https://fintel.io/n/us/k)|1|-100,000|66|-6,588,640 +[CRWD / CrowdStrike Holdings, Inc. Class A](https://fintel.io/n/us/crwd)|11|-60,860|68|-4,105,476 +[SNPS / Synopsys, Inc.](https://fintel.io/n/us/snps)|1|-25,000|154|-3,840,745 +[LAKE / Lakeland Industries, Inc.](https://fintel.io/n/us/lake)|3|-170,673|17|-2,827,854 +[QADA / QAD, Inc.](https://fintel.io/n/us/qada)|4|-47,931|40|-1,935,140 +[COST / Costco Wholesale Corp.](https://fintel.io/n/us/cost)|2|-6,000|312|-1,864,826 +[PLAN / Anaplan, Inc.](https://fintel.io/n/us/plan)|1|-48,520|37|-1,780,354 +[INCY / Incyte Corp.](https://fintel.io/n/us/incy)|3|-17,214|100|-1,721,400 +[BMRN / BioMarin Pharmaceutical, Inc.](https://fintel.io/n/us/bmrn)|1|-17,213|90|-1,549,170 +[BK / Bank of New York Mellon Corp. (The)](https://fintel.io/n/us/bk)|1|-37,913|38|-1,422,822 +[CRNX / Crinetics Pharmaceuticals, Inc.](https://fintel.io/n/us/crnx)|2|-84,598|15|-1,302,809 +[NEOG / Neogen Corp.](https://fintel.io/n/us/neog)|2|-19,368|66|-1,280,835 +[JBHT / Hunt (J.B.) Transport Services, Inc.](https://fintel.io/n/us/jbht)|1|-12,000|106|-1,269,547 +[GIS / General Mills, Inc.](https://fintel.io/n/us/gis)|1|-17,475|61|-1,069,363 +[NKE / Nike, Inc.](https://fintel.io/n/us/nke)|1|-11,000|90|-990,000 +[GSHD / Goosehead Insurance, Inc.](https://fintel.io/n/us/gshd)|2|-20,000|43|-859,904 +[SHSP / SharpSpring, Inc.](https://fintel.io/n/us/shsp)|4|-120,172|6|-789,851 +[OPGN / OpGen, Inc.](https://fintel.io/n/us/opgn)|3|-316,653|2|-757,603 +[ELVT / Elevate Credit, Inc.](https://fintel.io/n/us/elvt)|42|-528,398|1|-687,178 +[MDLA / Medallia, Inc.](https://fintel.io/n/us/mdla)|1|-32,671|21|-683,222 +[COLM / Columbia Sportswear Co.](https://fintel.io/n/us/colm)|4|-6,780|74|-501,200 +[SCHW / Schwab Charles Corp](https://fintel.io/n/us/schw)|1|-11,082|36|-394,577 +[AMK / AssetMark Financial Holdings, Inc.](https://fintel.io/n/us/amk)|3|-14,908|22|-329,402 +[PURE / PURE Bioscience](https://fintel.io/n/us/pure)|1|-748,880|0|-217,175 +[SENS / Senseonics Holdings, Inc.](https://fintel.io/n/us/sens)|4|-318,859|1|-211,371 +[GILD / Gilead Sciences, Inc.](https://fintel.io/n/us/gild)|1|-2,413|83|-200,279 +[MPWR / Monolithic Power Systems, Inc.](https://fintel.io/n/us/mpwr)|1|-1,039|182|-189,567 +[OCN / Ocwen Financial Corp.](https://fintel.io/n/us/ocn)|1|-400,000|0|-177,840 +[GGO / The Gabelli Go Anywhere Trust](https://fintel.io/n/us/ggo)|2|-2,800|40|-112,564 +[EIDX / Eidos Therapeutics, Inc.](https://fintel.io/n/us/eidx)|1|-2,000|50|-99,580 +[BDSI / BioDelivery Sciences International, Inc.](https://fintel.io/n/us/bdsi)|1|-20,000|4|-84,400 +[BMRA / Biomerica, Inc.](https://fintel.io/n/us/bmra)|6|-10,000|8|-80,878 +[PUB / People&#x27;s Utah Bancorp](https://fintel.io/n/us/pub)|2|-3,750|18|-66,603 +[WGO / Winnebago Industries, Inc.](https://fintel.io/n/us/wgo)|1|-1,614|35|-57,173 +[IMMR / Immersion Corporation](https://fintel.io/n/us/immr)|1|-7,611|6|-45,894 + +*Count* column is number of transactions. + +Source: [Fintel.io/insiders](https://fintel.io/insiders) +I'm not going to lie, holding through my first bear market was hard but I kept reminding myself that the fundamentals were still as strong as ever and eventually Ethereum would find traction in the mainstream. Clearly that's what we're witnessing right now. With tons of development, EIP1559, NFT's, DeFi, ETH2.0, institutional money, billionaire endorsement, increasing mainstream media coverage, etc. I'm certain that ETH is just getting started. I'm so happy to be a part of this and I'm hopeful that within a few years myself, along with a lot of you guys and girls, will achieve financial independence. Enjoy the ride! +I saw that being talked about a lot in the news about Credit Suisse but couldn't find a good explanation, so I was hoping somebody could explain it better (in layman's terms). + +As far as I understand it, it's a way to spread out insurance risk or something, in case a default happens. So is this basically the chance Credit Suisse is going to go default on something, and what would a bank even default on? + +Edit: these are what confused me, currently all banks right now have 100+ CDS. For reference, normal is about 50, Lehman Brothers of 2008 crisis went bankrupt at about 500: + +\[[Deutchse Bank](https://www.cnbc.com/quotes/DBCD5)\], \[[goldman sachs](https://www.cnbc.com/quotes/GSCD5)\], \[[UBS ag](https://www.cnbc.com/quotes/UBSCD5)\], \[[morgan stanley](https://www.cnbc.com/quotes/MSCD5)\], \[[jp morgan](https://www.cnbc.com/quotes/JPMCD5)\], \[[bank of america](https://www.cnbc.com/quotes/BACCD5)\], \[[wells fargo](https://www.cnbc.com/quotes/WFCD5)\], + +**Credit Suisse has about 300 CDS, and is the main one the news is talking about right now. \[[credit suisse](https://www.cnbc.com/quotes/CSCD5)\]** + +https://www.cnbc.com/quotes/CSCD5 +Some of you may remember SNFT. It was posted here not that long ago and hugely popular. It pumped massively because people liked the project, but dropped off because the roadmap is still in development. They’re doing standard DeFi with an NFT marketplace, and now they’re adding social networking into it. The social networking platform is coming this month, and has basically all your standard features a la twitter. Now some of you may wonder why an NFT marketplace might benefit from a social networking platform being integrated into it. You don’t follow your favourite companies on Amazon. No, but you follow every artist and creator you love on Reddit, twitter, Facebook, Snapchat, Spotify, etc, etc. + +[https://www.youtube.com/watch?v=m2t09iWa9Ww&](https://www.youtube.com/watch?v=m2t09iWa9Ww&feature=emb_title) + +Now imagine if you could not only follow them and interact with them, but also interact with other fans, discuss their artwork and buy it all in one platform. No third-party Shopify, or Patreon, or anything else. All in one spot. That’s pretty big when you compare what even the biggest similar platforms are doing (which is not anything like this), as well as when you add in farming, staking, NFT drops and discounts from staking and so on (and God only knows what else they will add to the platform in the future--this creates a solid base from which a ton of things become possible). + +All in all, for me, this is looking to be a really fun project that’s going to stand out against all its competitors. It’s not just going to be DeFi, or NFTs, or whatever, it’s going to be everything all in one place. Simple UI and integration, easy uptake for the average person, and making crypto a fun social environment which the average person loves (and loves a lot more than convoluted blockchain). I see this thing getting a 10m marketcap very, very easily. That would be at least roughly a 30x from here. But I see that across the span of the roadmap, and as always DYOR. I am not a financial advisor, and you need to make your own investment decisions, not just take the words of a subreddit stranger + +Why do I mention the average person? Because blockchain and crypto is reaching a precipice where any day now it is going to penetrate the normie collective consciousness. You might say the average person already knows Bitcoin or even Doge. Sure, do they know Cardano or Chainlink? Probably not, and Cardano/ChainLink are two of the most known crypto projects. So we’re not quite there yet. But we are so, so, so close. The problem is in part that crypto is still a wid wild west wall street filled to the brim with scamcoins, and also that blockchain and crypto and how it works is still convoluted to the average Joe. + +Normal people don’t even want to know how something works, they just want it to work. And a lot of commercial crypto markets and platforms are very difficult for a normal person to navigate, let alone enjoy. We can see SNFT will have a seemless, simple UI and is going to be very easy for the average person to navigate. That alone is the biggest takeaway for me. Combined with the fact it’s becoming an all-in-one, one stop shop. Normies don’t want 50 apps, they want it all in one place. That’s why they love Google and Facebook. There are (imo) better platforms (social networking, search engines, etc) out there, but can they do all the things that Google and Facebook can? No. You can’t beat convenience when it comes to alluring the regular person. Having your staking, NFTs/marketplace, socials and more in one spot is a huge boon. + +Also, as many know the team is doxxed, transparent, active, and they make sure to do all the other basic dotting of the I’s and crossing of the T’s that teams with 10x the marketcap don’t even do. This isn’t a wild wild west shitcoin. This is the real deal, and you’re getting in early. + +**Tl;dr** SeedSwap looking to become the ‘front page’ of crypto; an all-in-one platform for DeFi, Marketplaces, and Communication. Seriously undervalued; Get in now. Worse projects have more than 30x the marketcap. Roadmap is still being developed, staking is coming this quarter, the marketplace Q3, and the social networking part of the site this month. Always do your own research and read the fineprint, IANAFA, etc, etc. They're also looking at doing IP vetting for the marketplace to be a higher quality, less IP infringing platform. + +**Total Supply:** 100,000,000 + +**Marketcap**, I think, only 300k. + +**TG** = seedswapofficial (t dot me slash seedswapofficial) + +**Website:** [www.Seedswap.io](http://www.Seedswap.io) + +**Buy on Uniswap:** [**https://app.uniswap.org/#/swap?inputCurrency=0xa3c4dc4a9ce2a6b40b57f25f8b50decc2c64dec2**](https://app.uniswap.org/#/swap?inputCurrency=0xa3c4dc4a9ce2a6b40b57f25f8b50decc2c64dec2) +Every time a dip occurs I go to https://ethresear.ch/ and check if the development has stopped. It has not. Sharding is getting more and more attention, which will allow mass adoption in the future. +I like to think that money is a tool; a representation of resources. You don't need much to be comfortable except discipline about how you spend in line with being able to have the things that keep you happy. + +&nbsp; + +If you need very large amounts of money then you should be asking what for? I have very clear goals in mind for what proportion I wish to spend and on what + what proportion to put away in the event of a rainy day. + +&nbsp; + +I've lived or at least experienced every extreme and graduation of the wealth spectrum; People can me chronically miserable, content or ecstatic at any spectrum of it. + +&nbsp; + +In my experience I've come to the conclusion that people are either predominantly creators or consumers. In truth they are often both to varying degrees at different times in their lives but there is a rough equilibrium that isn't really breakable until you possess insight into such a mechanic. In my anecdotal observations I find people who are excessively consumptive in nature tend to be less happy than those who strive to create out of their surroundings. + +&nbsp; + +It's better to be mentally honest + creative and know how to make your life around you fun rather than to be consumptive in the hopes that ownership of things alone will make you happy; It helps and certainly the pursuit of novelty and new experiences and ideas using wealth as the means combined with reflection on environment is a commendable way to achieve self development. Wealth however on it's own is not happiness. + +&nbsp; + +For me the meaning of life is to create your own meaning; make your own novelty and find the things you aspire to be and that provide happiness; even if other people around you are supportive or unsupportive you should still pursue your goals as eventually you'll wind up in the company of people who share your passions. +It seems as though Amazon is looking to branch out into a new sector of the economy every day. In this case, they are apparently going to take on Ticketmaster (owned by Live Nation) within the USA. + +Given the power that Ticketmaster and Live Nation have with regards to concerts and ticketing, this will surely be interesting, and most likely a win for consumers if it is indeed true! + +Source: https://www.reuters.com/article/us-amazon-com-ticketing-idUSKBN1AQ2DB +Hey everyone. I'm a mechanical engineering student with a hobby interest in finance. I've spent the last few days figuring out if Nikola's leasing model is actually possible. There's some really wacky stuff going on in Nikola's presentations and financial projections, and I wanted to share my findings. + +&#x200B; + +This is an absolute wall of words, and I wouldn't be offended if you didn't want to read it all. In the first half, I try to tease out the cost per mile of an actual Fuel Cell Electric Vehicle (FCEV) given the specification Nikola lists. Next there is a portion where I look at the discrepancies between their Financial Projections and their Lease breakdown. Then a quick little peanut gallery where I look at their unrealistic assumptions and the hypocrisy of their comparisons. Finally, a more serious portion where I discuss the design, efficiency, and utility implications of Nikola's chosen power output and battery capacity. Hope you guys enjoy! + +&#x200B; + +Let's get started: + +Nikola claims that they have the industry first holistic leasing program, including maintenance, fuel, and use of the vehicle. They plan on leasing for $.95 per mile @ 30% margin. This implies an expense of ~~$.73~~ $.67 per mile to Nikola. + +**Hydrogen costs:** + +According to the DoE, it currently costs $5.10/kg to produce, compress, and dispense hydrogen. Nikola claims they can do this for $2.47/kg. I highly doubt their estimate, and will elaborate on that later. Hydrogen has a specific energy 33.3 kWh/kg. A Fuel cell Electric Vehicle (FCEV) has an average thermal efficiency of 55%. A diesel semi tractor, which easily compares to Nikola’s offerings, consumes about 1.25 kWh of work per km (or 2.125 per mile) of useful work loaded. + +This implies the Nikola truck will use 3.86 kWh of hydrogen per mile, at a cost of $0.59 per mile, or $.29 using their estimates. The DoE estimate could be pretty rosy as well, Hindenburg cited a practical price of $16 per kg for hydrogen in their report. Nikola’s estimate in the leasing breakdown is 7.5 miles per kg of hydrogen @ $2.47 per kg. That works out to $.33/mile. Our estimates are pretty close, excluding hydrogen costs. It looks like, in a surprising twist, they actually overestimated the energy consumption of a tractor. Or maybe not. We’ll get to that + +ICCT Tractor-Trailer Fuel Consumption: [https://theicct.org/sites/default/files/publications/EU\_HDV\_Testing\_BriefingPaper\_20180515a.pdf](https://theicct.org/sites/default/files/publications/EU_HDV_Testing_BriefingPaper_20180515a.pdf) + +Why do I doubt their hydrogen cost estimates? $2.5 per kg implies $.075 per kWh of hydrogen produced The average price for Industrial electricity in Arizona, the state they are headquartered in, was $.068/kWh, some of the cheapest in the US. Of course, there isn’t a 1:1 conversion of electricity to hydrogen: an electrolyzer uses about 50 kWh per kg of hydrogen ( specific energy of 33.3kWh/kg), making the electricity expense alone in excess of $.10 per kWh of hydrogen. Electricity must also be used to compress the hydrogen. This would take another \~4 kWh, though we’re already over budget. God forbid they use California electricity at an average cost of $.15 per kWh. The electricity expense for the Electrolyzers alone exceeds their estimates, much less depreciation expense, cost of capital, maintenance expense, salary expense, etc. Clearly a bogus number. + +I suppose they can use renewable excess during off-hours for cheap, but the rapidly decreasing costs of energy storage will likely level out those low prices rather quickly. This also only works in Arizona and a select few other states; California not included. There is the issue of a startup paying to build huge electrolyzers that might have a utilization factor of \~30%, and additional high pressure storage will be needed. The abhorrent upfront capex needed to try and drive down operating costs is not viable for them. + +EIA electricity prices nationwide: [https://www.eia.gov/electricity/monthly/epm\_table\_grapher.php?t=epmt\_5\_3](https://www.eia.gov/electricity/monthly/epm_table_grapher.php?t=epmt_5_3) + +NREL H2 cost analysis from 2011. This is just about the most recent research I can find. The abject lack of new material tells me it’s not exactly a hoppin’ field: [https://www.nrel.gov/hydrogen/production-cost-analysis.html#fn3](https://www.nrel.gov/hydrogen/production-cost-analysis.html#fn3) + +**Fuel Cell costs:** + +Part of the reason there are currently so few FCVs on the road today is the limited service life of a fuel cell. Fuel cells are precision manufactured components that degrade quickly when jostled & vibrated too violently. This is not good when combined with the rock-hard suspensions of semi tractors. + +The DoE targets a useful life of 150,000 miles for a fuel cell. Currently, there is no information confirming this target has been met. A Toyota Murai comes with a 100,000 mile warranty on its FC. For the sake of argument, I will assume Nikola FCs can meet this target. The DoE targets a cost of $40/kW for fuel cell production in 2020, provided mass hits 500,000. This hasn’t happened yet, but I will again assume this to give Nikola the best chance. As an aside: Nikola’s decision to use exclusively GM FC technology in their Badger pickup indicates to me they have nothing “up their sleeve” to make the technology more viable, despite my optimistic assumptions. + +I’ll assume the Nikola Two’s Fuel cell is 500 kW, less than the 750 kW claimed output. I think it likely their horsepower claim will be a peak power figure only achievable when the motors draw on the battery & FC. I cannot confirm this, because Nikola does not list the output of their motors and FC separately (along with myriad other questionable, or lack of, claims). I think this is reasonable, considering FC thermal efficiency is maximized between 20% and 30% load, and a semi will average \~90 kW of useful work required on the highway, translating to \~170 kW of FC usage. This is near the peak efficiency band of a PEMFC. This assumption also allows steady-state operation at 66% of the “rated” output. This implies an upfront cost of $20,000. A targeted useful life of 150,000 miles implies a depreciation expense of $.13 per mile. + +NREL Stack Durability and Performance vs load chart: [https://www.nrel.gov/docs/fy19osti/73011.pdf](https://www.nrel.gov/docs/fy19osti/73011.pdf) + +**Battery costs:** + +Using BNEF 2023 battery cost estimates of $100/kWh, that equates to $25,000 of battery expense. Assuming a useful life of .25M miles, more than any existing warranty currently covers, that results in a depreciation expense of $.125 per mile. + +**Chassis and the rest:** + +Lastly, I extrapolated an FCEV COGS of $175,000 per truck from their Financial projections, minus the $45,000 of equipment already listed, and a 15% scrap value I pulled out of my ass to try and help nikola here, leaves $104,000 depreciated over 700k miles, or a $.15 depreciation expense per mile. + +**Maintenance costs:** + +Nikola assumed a $.061/mile maintenance cost. Any engineer should be able to see such a claim and immediately question it. Tires alone should account for $.03 per mile. That leaves…. $.031 for brakes, air lines, HVAC, wiring, electrical equipment, motors, inverters, those battery and FC expenses I already calculated, sensors, etc. They make no additional provisions for the battery/FC in their leasing breakdown. Pure, unadulterated bullshit. The ICCT puts BEV per mile maintenance at \~$.19/mile. How they squeezed 70% of those costs out, as an unproven startup, by going for a more complex FC-BEV hybrid is beyond me. + +Cost of trucking: [https://www.thetruckersreport.com/infographics/cost-of-trucking/](https://www.thetruckersreport.com/infographics/cost-of-trucking/) + +Nikola Leasing cost breakdown, p19: [https://d32st474bx6q5f.cloudfront.net/nikolamotor/uploads/investor/presentation/presentation\_file/5/NikolaInvestorRoadShowPresentation042720.pdf](https://d32st474bx6q5f.cloudfront.net/nikolamotor/uploads/investor/presentation/presentation_file/5/NikolaInvestorRoadShowPresentation042720.pdf) + +**Leasing Conclusions:** + +Adding their laughably low per mile maintenance expense of .061 + .15 + .125 + .13 +.59 gives us an aggregate $1.06 per mile expense for Nikola. Using their fuel expense estimate of $.29, this equates to $.76; still more than their projected gross expenses. The first estimate is 50% over they need for their claimed 30% gross margin at $.95 per mile. Note: I used a projected battery expense, projected FC service life target, and projected FC production expense. None of these have been met. I used the average resitive forces acting on a US tractor-trailer, which appear to be lower than the number Nikola uses. I did not include warranty expenses in my estimate. Additionally, these are EXPENSES, and includes 0 profit for the suppliers of these parts. The GM-Nikola deal clearly shows there will be little vertical integration in their production, and such allowances would have to be made. + +A more reasonable estimate, including a still optimistic 3% interest expense for truck capex, a .4% annual warranty expense (corresponding to their presented 3% estimated reserve). That reserve, btw, is very optimistic: Tesla used a higher reserve on the S for years, while building a simpler product with a warranty length/distance a literal order of magnitude lower than the Nikola truck. A \*STILL\* low maintenance expense of $.12, and a 10% margin for battery & FC production, we end up with an **$.92** per mile expense, or more than Nikola can afford, even when using their untenable $2.5 per kg hydrogen estimate. This is before G&A expenses. Their leasing business model is not possible. + +**Lease Projections v. Income Projections: Internal Chaos or Outright Fraud?** + +It’s possible some of the folks at Nikola have already found those problems out, though. Nikola says they have plans to Lease their trucks. They’ve had presentation slides including the idea, and their truck descriptions on their website include a leasing plan. In their most recent presentation at the DB Global Auto Industry Conference in June, however, the Leasing cost breakdown slide was conspicuously missing. Their Financial projections slide showed 2,000 FCEV trucks being produced in 2023, and 470 million in revenue from FCEV sales. This represents $235,000 per truck, and their FCEV revenue scales exactly linearly into their 2024 projected sales; no room for residual from the 2023 trucks. **They’re projecting to sell them!** Revenue from maintenance and Hydrogen sales are also listed separately. Their Financial projections clearly show the upfront sale of trucks with additional Hydrogen fueling and maintenance revenue, and the leasing model slide has disappeared. It’s easy to see why. Their projected combined expenses and capex exceeds $7.5 billion through 2024, significantly more than their current $1 Billion in assets and a couple of lease payments would allow for. This would take some intense share dilution (not something I think Trevor would be on board with) or extremely expensive leverage. + +It’s not like they’re going to get cheap loans secured against their proprietary trucks, requiring their proprietary stations, to run only their customers’ preset routes. A bank wouldn’t want that kind of collateral. The leasing idea is a real mess. + +Nikla DB presentation, projections are 2nd to last page: [https://d32st474bx6q5f.cloudfront.net/nikolamotor/uploads/investor/presentation/presentation\_file/7/Nikola\_and\_VectoIQ\_Conference\_Presentation\_DB\_Global\_Auto\_Conference\_\_6.10.2020\_.pdf](https://d32st474bx6q5f.cloudfront.net/nikolamotor/uploads/investor/presentation/presentation_file/7/Nikola_and_VectoIQ_Conference_Presentation_DB_Global_Auto_Conference__6.10.2020_.pdf) + +One can claim that the lease model is still in the description of the trucks, but so are battery and fuel cell specifications for the Nikola one. The Nikola one was, ostensibly, never actually powered by hydrogen, and development has since been abandoned. It looks like their leasing Idea may have been abandoned as well. + +I’ll also point out that an expected 2024 FCEV maintenance revenue of 56 million on 7000 trucks sold, assuming an average of 50,000 miles per truck sold in 2024 (the average mileage if the trucks are sold at a constant rate through the FY) and 100,000 per truck in 2023, equates to 12.4 cents per mile, more than double the $.061 projected maintenance costs in the april lease presentation. Either they plan on making a killing from maintenance, or there was some aggressive re-shuffling of numbers when maintenance went from an expense to revenue stream, or vice versa. + +The same analysis of hydrogen expenses puts their per kg revenue at $4.08. Still low, but a hefty sum above their $2.47 cost average on the leasing slide. + +If we use their projected FCEV maintenance revenue of $.124, $4.08 per kg H2 revenue, and $235,000 truck price depreciated over 7 years w/no interest expense, **the cost of ownership, according to their income projections, is $1 per mile** for a 100,000 mile year. **More than they say a diesel will cost**. OOPS! + +That’s most of what I wanted to talk about. It’s pretty clear that Nikola cannot possibly make a profit with their lease model, and Nikola’s finance department has indirectly acknowledged this. Hydrogen tech is still many, many years away. Nikola’s move fast and break things approach (though I’m not convinced we’ve seen much moving outside of gravity assists) will end up a “move fast and bankrupt things” strategy. + +&#x200B; + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +&#x200B; + +I now want to take a few moments to look at some of the sillier things I found in my research: + +In a laughably exuberant turn of events, Nikola projects 25% gross margins during their first year of production. That’s downright cute! They plan on, ostensibly, slapping GM FCs & batteries on IVECO platforms, and beating the margins of all publicly traded auto companies sans Ferrari within a few months of production start. It's that easy. Get your shit together, Ford! + +On Nikola’s website under their trucks, they have a comparison of FCs, BEVs, and Diesel where they seem to forget their trucks have hundreds of kWhs of battery storage onboard. They claim “Hydrogen acts as a buffer and grid balance,” while “batteries are a drain on the grid.” You heard it hear first, folks, batteries can’t be used as a grid buffer, only a grid drain. They also claim H2 is the “most abundant element on the planet,” while “Batteries \[are\] made of non-renewable resources; dangerous/costly to mine.” Makes me wonder why they chose to put so many on their trucks. Also hilariously hypocritical, considering Platinum -required for PEMFCs- is one of the rarest metals on earth. + +**Design considerations and odd choices:** + +I want to take a moment to talk about chassis design and the implications of Nikola’s set power parameters. And I want to start with a quote from Elon Musk during the Tesla Semi reveal: + +“We designed the Tesla truck like a bullet,” Musk said. “A normal diesel truck is designed like a barn wall.” The Tesla Semi is more aerodynamic than a $2 million Bugatti Chiron sports car, he said. + +A bold claim, but I believe this to be correct. Cheesy, but correct. Why? Cooling requirements. The more cooling air you need, the less favorable aerodynamics you’ll have. In the simple representation of an engine, there is a fuel input, a work output, and a heat output. A gas engine -especially one not designed with fuel efficiency in mind like the Chiron’s- will likely only output \~20-25% of its fuel input as a work output. The Chiron makes 1,500 hp, and needs to reject 4,500-6,000 hp of heat at full throttle. The goal of a Chiron isn’t to slip through the air, au contraire. It’s designed suck in as much air as possible for cooling and brute it’s way to 270 mph through raw horsepower. Most modern sedans have more favorable aerodynamics than a Bugatti. + +&#x200B; + +On the other hand, about 90% of the inputs from an EV charger make it to the wheels -- a major factor that makes EVs so efficient. This means Elon can put, for example, 1000 hp of motors in his truck and only worry about rejecting 100 hp of heat at full load, an easy task. That’s less cooling than a Prius needs, and the truck can be designed with virtually zero air input constraints. He can swing his “3x the acceleration” dick around, and the only tradeoff is beefier driveline bits for the extra torque and bigger motors. + +C\_D lists on wikipedia: Note almost every production car below Cd=.24 is either a small displacement diesel or electric. No supercars in sight. [https://en.wikipedia.org/wiki/Automobile\_drag\_coefficient](https://en.wikipedia.org/wiki/Automobile_drag_coefficient) + +The Chiron’s standard Cd is .38. A 1995 ford windstar minivan has a standard Cd of .35. Not exactly a prestigious club, haha: + +[https://www.roadandtrack.com/new-cars/car-technology/a32329/these-rare-development-photos-tell-the-full-bugatti-chiron-story/](https://www.roadandtrack.com/new-cars/car-technology/a32329/these-rare-development-photos-tell-the-full-bugatti-chiron-story/) + +Hydrogen is a different story. The thermal efficiency of a FCEV -above 50% load- will dip down into the 40-50% range. The average efficiency of a diesel truck is \~45%, and it will dip to \~35% at max rpm, full load. ‘Ever seen the video where Trevor says the production trucks won’t need as much cooling as their current prototypes? He’s lying through his teeth. A 1000 hp FC would need more than 1000 hp of cooling; as much if not more than a 500hp diesel. It's also important to note that less heat is lost in exhaust from a PEMFC, and lower operating temps mean that actual cooling airflow required is significantly more than an equivalent diesel would require. 500 hp diesels are already built like a brick with a front aftercooler & radiator the size of a football field. Trevor’s dick swinging has major consequences. More cooling means more drag, more weight in heat sinks/radiators, and more power draw to move coolant. These all create positive feedback loops, e.g. more air requirements mean less favorable aerodynamics & more drag, which means more power draw at speed, which means more cooling, which means more air requirements... It’s not all fun and games like the pure BEV Tesla is making. + +&#x200B; + +Daimler’s recently announced H2 semi offering only has 300 kW, and they can recycle their waste heat to warm up incoming liquid hydrogen, Nikola uses compressed hydrogen and won’t have the same luxury. Running so much horsepower is a real head scratcher; one would think their head of R&D’s only experience was pouring concrete or something. + +&#x200B; + +It’s also important to note US tractor-trailers are hard capped at 80,000 lbs. This means that every pound of tractor weight is a pound taken from potential cargo. Y’know… the part that actually makes money. One has to wonder why Nikola is keeping \~5000 lbs of batteries on the tractor; their website showed they aren’t fans of the stuff. It’s enough to run a loaded tractor two full hours on battery alone, more than a regenerative braking system would require or power peaking during a hill climb. It’s dumb; 100 kWh would be more than enough when an on-demand primemover like a hydrogen cell is also onboard. It’s an expensive and opulent display to the vexation of customers, who would, in all likelihood, much prefer an extra 2 tons of cargo capacity. + +Features like 1000 hp and 250 kWh of battery appeal more to retail investors than trucking companies. + +&#x200B; + +Actual conclusion time: I think that I pretty conclusively showed that: + +1. Nikola’s hydrogen cost projections are bogus. There isn’t even enough money there to pay for the electrolysis and compression, much less maintenance, depreciation, or labor. +2. Nikola’s leasing costs undercutting diesel is bogus. One can disprove that with their own financial projections, much less the real costs of FCs and H2 electrolysis. +3. Nikola’s plan to lease the trucks is totally divorced from reality, according to their own financial projections. +4. Nikola’s projected per mile operating & maintenance expenses are beyond indefensible. +5. A myriad of odd, marketing focused design choices limit the trucks on-road efficiency and utility to potential customers. + +If you made it this far, congrats! +I have this 4 mfs: + +1. Axis focused 25 Fund - Gr +2. DSP Healthcare Fund - Gr +3. Mirae Asset Midcap Fund - Gr +4. BNP Paribas India Consumption Fund - Gr + +Q1 : What does "Gr" means in the end ? + +Also this mfs were selected by a "friend" of the family when I had no financial knowledge whatsoever. + +Also this mutual funds are through NJ India broker. Because I can use their app to see this 4 mfs under my name. But since last couple of months I started learning about all this and came to know that zerodha coin provides direct investing of mfs without any middleman and their charges. + +So + +Q2 : Can I move this mfs from NJ India to zerodha coin ? +Because I already have a zerodha account and don't want to pay the unnecessary fee out of my hard earned money. + +This mfs were started one year back so I am out of exit load scenario. And since it is only a year, I think that magic of compounding is not started yet so I want to exit from this Nj india as soon a I can and move to zerodha coin. So please tell me what's my best option ? + +Also please tell if i need to remove any mf from the above 4 one. + +Any help is appreciated. +I graduated college 3 years ago and bought my first rental property recently. Ever since, I’ve felt some sort of disconnect or judged from my friends as they view landlords as “leeches” who are just making housing unaffordable. I grew up in a low income area and a lot of my friends are high school friends, so I do get where they’re coming from. I worked really hard as well as a couple of side hustles to come up with this down payment and also had to buy hours away because it was the only thing I could afford but I saw potential there. It really makes me sad because I had a vision of expanding my real estate portfolio and feel like it’ll be a big part of my life going forward. Do I just not share this info with them? Anyone else felt this way or have any advice? + +I plan to FIRE in 10 years at the age of 35 - I’ve been really invested in stocks and options right now and I feel like I don’t really have that in common with them as well. I did try to explain to them about the more basic stuff like ETFs, mutual funds, etc but they see it as gambling... and rather keep everything in cash. I know it’s not my place to tell them where to put their money but I just thought that we’d be able to have more in common once they see the effect of their money growing. I’ve been friends with some of them for 10 years so I know they’re really caring and supportive. + +Edit: ahh thanks for all the responses. I’m overwhelmed lol also, I don’t discuss the exact money part with my friends. They just know that I have a house and that I’m renting it out (I had told them this initially not knowing their reaction). I think the most recent situation was that my house had a massive leak and I was pretty stressed, missed a couple of hangouts and I felt like I couldn’t tell them the real reason I couldn’t make it without feeling weird about it - I had to make up some other excuse. Also, I’m a girl for those who keep calling me “dude” in PMs lol +# Amid a market sell-off that has torched growth stocks that soared during the pandemic, Melvin Capital is once again staring down double-digit losses to start the new year, according to people familiar with the performance. + +Through the first three weeks of January the fund's portfolio was down in the teens by percentage, these people said. The fund, which started the year with $11.7 billion in assets under management, has substantially dialed back its leverage, one of the sources said. + +Melvin is far from the only fund to get stung in the worst week of trading in over a year. The Dow lost more than 900 points on Monday as stocks continued to fall, marking the S&P 500's worst week since March 2020. ~~The Nasdaq is down 17.6% year-to-date and stocks like Netflix 12 ways to get the most out of your Netflix subscription and viewing experience, including keyboard shortcuts and other hidden featuresUsing Netflix is relatively straightforward, but there are tips and tricks you can use to improve your viewing experience. Read more~~ + +~~Image related to article and Peloton have gotten pummeled.~~ + +Growth investors, particularly those focused on technology, have been hit hard, with sources familiar with the situation telling Insider that D1, Tiger Global, Lone Pine, and Whale Rock have all fallen by double digits this month. The funds, which also carry a healthy exposure to private company stocks, have a full trading week, plus next Monday, to boost January returns. + +The firms mentioned declined to comment. + +In some ways it's deja vu for Gabe Plotkin, the Melvin founder whose fund for years was an industry darling. + +Last January, Melvin was battered by a Reddit-fueled rally that targeted short sellers who had bet against GameStop and other beleaguered stocks favored by retail traders. Melvin lost 53% that month and took on $2.75 billion in new capital from Citadel and Point72. + +The fund rallied the rest of year, gaining 33% from February through December and ending the year down 39%. + +D1, run by billionaire Dan Sundheim, also was stung during the trading frenzy last January. Both Sundheim and Plotkin have changed how they short stocks in response to the market moves. D1, which fell 20% last January, ended the year positive, and investors in share classes with more private markets exposure saw strong returns, according to Institutional Investor. + +Whale Rock, run by Alex Sacerdote, had a rough end to 2021, falling 9% in its public-private blended portfolio, as previously reported. Like D1, investors with more private exposure saw better returns, as the firm's public-only fund lost close to 20% last year after a rough December. + +[https://www.businessinsider.com/melvin-capital-d1-tiger-global-double-digit-losses-market-selloff-2022-1?utm\_source=reddit.com](https://www.businessinsider.com/melvin-capital-d1-tiger-global-double-digit-losses-market-selloff-2022-1?utm_source=reddit.com) + +edit: I'm a doomass and didn't edit out the Netflix and Peloton ads like a ding dong +How much does it cost monthly/yearly to employee a personal chauffeur or butler? +- Do you justify this expense, because you are more productive not having to drive daily? +- Andddd what car do you get driven around in? +Hi guys, recently started my own business/company (previously was a sole trader side business) a few months ago and it's going very well financially (I'm currently able to draw around $200,000 per year as a salary). I've engaged a tax firm to assist with the x and y of tax and finance, but I'd also love to hear some other opinions from those in similar situations. This is simply so I can go into the meetings with my accountant more prepared and knowledgeable + +A lot of my income is from overseas and is in USD. I've had success receiving this income in Transferwise (low fees) via direct deposit and converting to AUD. Unfortunately some clients will only use PayPal, and I'm slapped with up to 8% fees on each transfer. Anyone else figured out a better method? + +Currently I'm paying myself a salary, but I'm considering switching to a dividends method. The accountant seems to think that there is minimal difference in terms of tax saved between the two. The other option is a trust, which I want to avoid at the moment due to being more complex. I'd love to hear from anyone who's been in the same situation and has maybe tried all 3 of those methods. + +On more of a general note, how often do you meet with your accountant for tax and financial matters? I expect gross revenue to increase anywhere from $500,000 to $1,000,000 in the next 18 months, and 95% of that will be pure profit I can withdraw as salary/dividends. As you can probably tell this is uncharted waters for me so I'm currently doing all I can to hear other experiences and opinions. + +Thanks in advance! +Hello, + +I own more than 100 stocks of OHI, ARCC, STAG, and PBA and I would like to start buying options to get extra income. But I don't wanna sell any of my stocks. + +For example, I see OHI has options for April, 14th. I'm targeting the $24 strike price, the bid is $4.3. + +So + +- Will I get $4.3 in total or for every stock? +- Do you recommend to buy options for short periods or longer periods? +- Do you buy options for all stocks or just for a few? +- Is there any difference between dividend paying stocks with monthly/quarterly/annually payments and non dividend stocks? +- Are taxes automatically discounted like with dividends? + +I would really appreciate any advise or good book/video that I could use as a reference. + +Thanks, +I posted this in r/BogleHeads (I’m primarily an index investor). And I’d like to now hear counter arguments. + +Original post: + +https://reddit.com/r/Bogleheads/comments/rxly8r/a_respectful_discussion_on_dividends/ + +Basically the argument is that dividends don’t effect total returns, are a tax drag, and then arguments around “Dividend Irrelevance Theory” + +Thoughts? +Hi, I'm so sorry if I post at the wrong sub, I'm kind of desperate to find the right one to ask the question. + +I’m planning to study but the program requires me to have a basic knowledge of economics. I want to learn it online. Are there any good sources I should take? I'm looking something that offers a good basic understanding of : + +* Microeconomics +* Principles of Corporate Finance +* Macroeconomics +* Econometrics or Advanced Statistics + +I found a good course on Coursera but it's paid and I'm still trying to get financial aid. It would be better to have something cheaper but offer a certificate. It will also better if it comes from a respectable university. I'm not sure, to be honest, I'm sorry I'm so lost on this. Any advice would be appreciated. Thank you so much. +It’s general consensus that the President only has so much control over economic conditions. However, what are things that he or she can do to influence it in a good or a bad way? +I've lived in the UK since I was born but I always knew I was going to move, mainly due to the skyrocketing cost of living. I want to be on the property ladder and be able to spread my money around various investments before I'm 21 but that's unfortunately a pipe dream in the UK given the average house price sits at about £280k, this country is quickly turning in to a play ground for rich people and it's economy is either going to crash hard or turn in to a San Francisco-like market in the coming years and if I'm honest I don't want to be here for either outcome. The good thing about the UK is although I'm paid only modestly here there are plenty of countries out there where I can live far more comfortably on my wage, I also work remotely which is why I can explore this option. + +I've been looking at (and visited) Ukraine recently and think it's an ideal option, if the country can shake off Russia for long enough (fingers crossed they do, they have very good chances) I strongly believe they'll have the power to join the EU. It's a country that clearly wants to be capitalist, has all the essentials for first world living and it looks like a good opportunity to get in to a cheap real estate market (\~60k for a comfortable 1/2 bed in Kiev) and have that foothold on housing I'm looking for. + +My question is whether there's any other countries like this I can explore, ones where the housing price sits comfortably under 100k and it's economy looks to expand and become more capitalist without hitting late stage capitalism yet. I have only been to Ukraine as of right now and my other 2 choices are far less researched as of now (Morocco and Kazakhstan). + +Are there any other countries that are worth looking in to for this kind of endeavour? + +Thanks in advance for any suggestions +I can't find an answer on google because it goes straight to energy and current events. I saw Europe go from 1/3 of world GDP to I think around 12% on video and it made me wonder why? Surely Europe still produces and sells fine products. On the other end of the spectrum is China and India which have had massive GDP growth. Can anyone explain this to me? Thank you +I am amazed at how the expected move that is predicted by the IV more often than not actually occurs. Do put buyers know something bad is getting ready to happen and thus drive up put prices? I want to sell FB puts because of extremely high IV, but know there is a reason for the high IV that likely will come true +Let me start by saying I’m not asking for your strategies and I understand this takes time. My goal though is to eventually leave my full time job and trade professionally while I travel between countries. I’m armed with a MacBook Pro, Naked Forex, Trading In The Zone and various other trading books. What advice would you give to someone who wants to seriously trade and what is the time frame I should expect? Thank you. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 262144 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Hi all, I saw some posts about looking for other people to work with, so I wanted to do mine. + +I am a Python developer and trading has always interested me. Actually, I have tried many libraries for trading (I tested a lot of stuff, from Reinforcement Learning to Deep Learning, Time series forecasting, and so on). However, since I haven't a huge trading background (and even less in economics in general), I have not obtained huge results. + +Long story short: I am looking for someone that has a trading/economic background and wants to work together to build a strategy/trading tools. +I have been toying with a few ideas: + +1. Back test all candlestick patterns for highest probability signals (wondering if anyone has done this already) +2. Look for frequency of candlestick patterns to maximize frequency of signal triggers. (this exercise was on daily candles - will evaluate other time frames as well) + +Item 2 was the low hanging fruit - so wanted to share the results. + +I wanted to make a bot that took bullish engulfing patterns as a buy signal and take 1.5 to 1 profit/risk on the trade. Looks like engulfing patterns see a good amount of action. + +If it is helpful/insightful for you guys - I might do another summary on the bullish/bearish versions of each of these items (where applicable - example bullish spinning top versus bearish spinning top) + +Some next steps: + +1. Sector correlation. Does one sector particular patterns over others? +2. Back test a single pattern's bull/bear variant + +https://preview.redd.it/an8t0idhzzq61.png?width=640&format=png&auto=webp&s=611912f4fa053f44aa5f681fb43bfb6b7e617820 +Hi guys, I am a product manager in one of the biggest fintech firms in India. We are constantly trying to make user’s experience on our app better. We are building a super app and I would love to know what features you’d want to have in a finance app (may include anything related to trading, investing, money management etc) + +P.S. Your suggestions will be taken very seriously. +Hi! Yes, again, another post about SCHD. It is the last one I swear! We won't specifically talk about this fund, although it is related. + +Compared to its peers, SCHD has done extremely well in the last 10 years. Since **past performances are not indicative of future returns**, could we diversify our dividends ETF holdings to make sure our returns are reflecting our belief in overall dividend investing, instead of having returns reflecting a single fund's methodology? To look into that, we have **four** pertinent alternatives: + +&#x200B; + +**SPDR Russel 1000 Yield Focus (ONEY)** + +[Rest of analysis: https:\/\/thedataprinter.com\/etf-analysis\/ticker\/ONEY\/](https://preview.redd.it/uy7f7m4kl6k91.png?width=1347&format=png&auto=webp&s=cfcaa254e52305224f865356ae449245656f3b56) + +**Invesco DJIA (DJD)** + +[Rest of analysis: https:\/\/thedataprinter.com\/etf-analysis\/ticker\/DJD\/](https://preview.redd.it/l51lezjll6k91.png?width=1345&format=png&auto=webp&s=b656c592920808f900e84ac21330f7a1b69b95f6) + +**Fidelity High Dividend (FDVV)** + +[Rest of analysis: https:\/\/thedataprinter.com\/etf-analysis\/ticker\/FDVV\/](https://preview.redd.it/ox9hlwaml6k91.png?width=1345&format=png&auto=webp&s=75d108fa980009c1700dcc08aa861a614f3cfdbb) + +**Principal Value ETF (PY)** + +[Rest of analysis: https:\/\/thedataprinter.com\/etf-analysis\/ticker\/PY\/](https://preview.redd.it/cn9dz7yml6k91.png?width=1345&format=png&auto=webp&s=0d69ce4c6ea02453754c022f62aa43af667af4af) + +&#x200B; + +\--- ONEY --- + +Market cap 830M - Dividend 2.68% - PE 10.06 - PB 1.93 - PS 0.89 - ER 0.20% + +ONEY is very value-oriented with its ratios being almost half of market's average. Low valuations mean growth potential, but also higher risk: if certain stocks have lower valuations, their expected outcome is riskier, otherwise people would be willing to pay a higher price for them. Finally, the dividend is very good for an ETF. We see less popular dividend stock choices: HP, TROW, DOW, etc. + +The holdings are very diversified across sectors, with only 13% of the fund being in the top-10. I love it! + + + +\--- DJD --- + +Market cap 256.8M - Dividend 3.13% - PE 13.66 - PB 3.04 - PS 1,52 - ER 0,07% + +DJD is less value oriented, but offers a greater dividend and a cheaper ER. We can observe more classical dividend kings in the top-10 like KO, VZ, MMM, JNJ, and etc. I always appreciate a fund that is less growth and high expectations centric. + +Unfortunately, over 50% of the fund's weight is in top-10 holdings, and the sectors' weight are kinda concentrated in sectors. The concentration in top-10 could be partially excused by the fact that these holdings are top-tier dividend stocks. + +\--- FDVV --- + +Market cap 1.3B - Dividend 3.27% - PE 13.53 - PB 2.28 - PS 2.27 - ER 0.29% + +FDVV looks a lot like a more expensive DJD, number wise. Holding wise, in the top-10, we can observe a mix of growth with APPL, MSFT, XOM, CVX and JPM. I like the mix + +The top-10 is 28.06% of the fund's total weight, which is reasonable. Again, we see a concentration in sectors like IT, financials, and energy. Let's say the fund seems concentrated in what worked recently: this is no guarantee of future returns. + +\--- PY --- + +Market cap 174M - Dividend 3.32% - PE 16.89 - PB 2.59 - PS 1.30 - ER 0.15% + +The highest dividend of them all at 3.32%, its ER is very low. As the trend continue, we see valuations cheaper than the average market: it is a value fund. A lot of companies that dividend investors like: AAPL, MSFT, JNJ, BAM, KO, TXN, etc. It already looks likes great diversification. + +The top-10 is only 21.24% of the ETF's weight. Great! Also, the sector diversification is pretty important. No specific concentration. I see few negatives here! + +&#x200B; + +**----- THE WINNER ? -----** + +I see no clear winner, but I will be making a list of which funds I prefer, in order, from 1 (most interesting) to 2 (least interesting). + +1, PY: It is a very close call between PY and the second place, but few things make it more appealing to me than ONEY. First of all, I am looking for an income and dividend fund: not a value fund. A value fund, as stated in the ONEY analysis, has more risk integrated into it, and I don't like it. Finally, the higher dividend, list of top stocks and sector diversification represent what I am looking for. The only thing I find negative? The low market cap. + +2. ONEY: The ETF is very diversified across sectors and holdings. The top-10 does not hold major weight, the dividend is lower than the average, but I think it is a great value fund. Definitely a great choice for a mix of income and value investing + +3. DJD: Over 50% of the holdings in the top-10: it is a lot. Fortunately, I would say that the company inside of it are decent enough to partly justify this concentration. The ER is very low, the dividend is great, and the market cap, decent. Not a bad buy. + +4. FDVV: I don't like the concentration in what has performed recently, and the pretty large bias in specific sectors. I don't think the ER is justifiable, and I would rather own the other funds of the list before owning FDVV. + +&#x200B; + +\---- THE END ---- + +So, that ends the analysis of 4 alternatives to SCHD. I hope you have found it interesting, it was awesome to discover funds I have never heard of before. Don't forget to comment what you think would be a great idea for a next analysis. + +&#x200B; + + On that note, I wish you have a great evening or day, wherever you might be. See you next time! +Didnt see any other posts about this. Realty income to acquire 185 properties off of CIM for a $894m. Top two tenets are Lowes and Walgreens. Its a good day to own O + +[https://www.realtyincome.com/investors/press-releases/realty-income-acquire-properties-cim-real-estate-finance-trust-inc-894](https://www.realtyincome.com/investors/press-releases/realty-income-acquire-properties-cim-real-estate-finance-trust-inc-894) +One year ago, was the first time I bought R$ 1.000 (US$ 244) in Bitcoin when 1 BTC = US$ 7.100. Today the value is US$ 9.700. So, I expected that those R$ 1000 would be at R$ 1360, but I was very wrong! + +The exchanges here in my country, they base the Bitcoin price in US$ dollar, they just convert it to R$ Real. At that time, 1 BTC = R$ 29.350, now days 1 BTC = R$ 55.500. This means that my original R$ 1.000 is now almost at R$ 1.900! That’s because Brazil is in a really bad political and economic situation and the price of dollar is all times high, making R$ Real devalued. + +That’s when it hit me. Now I understand why people on nations that is f\*cking their money up buys BTC, it saves it from inflation! Recently the Halving happen and it hit me again, Bitcoin is a deflationary money! Every day it becomes a scarce resource, but the demand is the same, making the price go up! **Bitcoin is not the future, it’s the present! It puts me in the control of my wealth instead of a bunch of incompetent nations and politicians!** +Hi all, I wanted to repost this fantastic DD from yesterday that seems to have gotten completely lost in the avalanche of karma farming lego meme's. All credit goes to [u/nydus\_erdos](https://www.reddit.com/user/nydus_erdos/). This is part two of his series, both posts are top tier IMO and deserve more love. You can find them here: + +[The Chronicles of Short & Shorter, Ep. 1: Before the January Sneeze](https://www.reddit.com/r/Superstonk/comments/ogi75b/the_chronicles_of_short_shorter_ep_1_before_the/) + +[The Chronicles Of Short & Shorter, Ep. 2: During the January Sneeze](https://www.reddit.com/r/Superstonk/comments/oh8fcz/the_chronicles_of_short_shorter_ep_2_during_the/) + +&#x200B; + +The TLDR is that u/nydus_erdos is using the Finnerty formula to estimate the total number of cumulative shorted shares and the total SI up to the Jan "sneeze". SPOILER ALLERT: the number of shares will jack your tits into the thermosphere. + +Again, all credit for this amazing DD goes to OP and anyone that enjoys the content should show his posts some love. Anyway onto the content: + +(EDIT: to fix formatting and add the TLDR meme from original post. Im honestly so happy that people are looking at this and discussing it. Please show the love to OP u/nydus_erdos as he deserves all the credit!!) + +(EDIT 2: Just noticed my brain fart in the title lol. Clearly my brain is much smoother than OP’s. Hopefully the content makes up for it) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +&#x200B; + +Disclaimer: Not financial advice. I've put a disproportionate amount of time into this for free, I clearly do not make good decisions. Though I continually strive to improve this model it is, at best, just fancier napkin math. + +\-------------------------------------------------------------------------------------------------------------------------------------------------------- + +Quick Descriptions of my Previous Posts, if something doesn't make sense its probably in here: + +[Math Black Magic, Vol. 1: Why It Is Mathematically Impossible for Hedgies To Unfuk Themselves](https://www.reddit.com/r/Superstonk/comments/nw8281/math_black_magic_vol_1_why_it_is_mathematically/) + +* If you only read one post, read this one +* **TL;DR => Finance professor John Finnerty mathematically proves that it's impossible to short a stock to zero without naked shorting at least as many shares as there are outstanding, doubling the float in the process.** + +[Math Black Magic, Vol 2: The Limit Does Not Exist!](https://www.reddit.com/r/Superstonk/comments/nwy0oz/math_black_magic_vol_2_the_limit_does_not_exist/) + +* This one touches on the price pattern of the short attacks +* **TL;DR => At this point, the number of shares needed to short $GME to zero does not mathematically exist.** + +[Math Black Magic, Vol. 3: Trillion Short Share Seance](https://www.reddit.com/r/Superstonk/comments/nya5ps/math_black_magic_vol_3_trillion_short_share_seance/) + +* **TL;DR => I try to make estimates of shares shorted based on the known equations and data at that time. I stand by the methods, but they needed more refinement. Which leads to the following volume...** + +[Math Black Magic, Final Vol: Epilogue](https://www.reddit.com/r/Superstonk/comments/odrnbv/math_black_magic_final_vol_epilogue/) + +* **TL;DR => I made this post as a sort of correction. I went through the model again and tightened it up and got an answer I feel much more confident in** + +[Malleus Oeconomica: A Compressed Primer](https://www.reddit.com/r/Superstonk/comments/of1lz2/malleus_oeconomica_a_compressed_primer/) + +* In Short & Shorter, I use several economic concepts and equations that need a little explaining first. +* **TL;DR => This is already a compressed post. I can't really put it any simpler than I do in the post.** + +[The Chronicles of Short & Shorter, Ep. 1: During the January Sneeze](https://www.reddit.com/r/Superstonk/comments/ogi75b/the_chronicles_of_short_shorter_ep_1_before_the/) + +* This is the first step of the process from which I got my revised shares shorted count. I try to dissect their shorting strategy and quantity shorted from 2015 to before the January Sneeze. +* **This post could really use some love as it got downvoted to oblivion by shills.** +* **TL;DR => scroll to bottom of this post** + +\----------------------------------------------------------------------------------------------- + +# A. Intro + +This is still stuck in my head from the last post. Once again very sorry: + +([Begin drum loop](https://www.youtube.com/watch?v=JgLcJFad90I)) + +Absolutely nobody: Hey Nydus, can you tell us a bedtime story? + +Ok, heeerrre we go: + +Once upon a time not long ago + +When people went long and invested slow + +When laws were stern and justice stood + +And people were investin' like they ought to: good + +There was little Gabe who broke his bread + +With another Kenny boy and this is what he said: + +"Me, you and Steve are gonna make some G's + +Shorting inelastic curves and makin' FTDs" + +&#x200B; + +I DID NOT MAKE THIS! IT WAS ORIGINALLY POSTED BY u/MisterFinishLine.! [https://www.reddit.com/r/Superstonk/comments/nii1s6/short\_shorter/](https://www.reddit.com/r/Superstonk/comments/nii1s6/short_shorter/) + +\----------------------------------------------------------------------------------------------- + +# B. Timeframe + +* (Magenta circles denote time points) +* Time 0 - Squeeze peaked Jan. 27; P(0) = $357.51 +* Buy Button turned off Jan. 28 +* Time 1 - Feb 1 (3 trading days from time 0); P(1) = $214.51 +* Time 2 - Feb 3 (5 trading days from time 0); P(2) = $85.80 +* Time 3 - Feb 4 (6 trading days from time 0); P(3) = $51.48 +* On approximately Feb. 10 (10 days from time 0) price settled out at \~$45 + +&#x200B; + +[Time Frame](https://preview.redd.it/8pzd9plt4ga71.png?width=1085&format=png&auto=webp&s=86a0ec858c26316fb0add3ca0df57313fab5a6dd) + +\----------------------------------------------------------------------------------------------- + +# C. Additional Assumptions + +The full list of my assumptions can be found in Ep. 1. See links at top of post. + +*SHORT ATTACK MAGNITUDE IS ALWAYS MAXIMUM* + +In the last post, I mentioned an excerpt from Finnerty's paper, which should sound familiar: + +>"...suppose the manipulator realizes at time 2 that the firm’s share price the next period will be *H*, rather than *L* as originally expected, say, due to favorable developments in the firm’s business. Suppose further that the securities regulators or the clearing house require all securities dealers to clear up all fails to deliver. The manipulator would face potentially large losses on his short sales. By short selling an additional *2A/(3B)* shares at time 2, he can drive the share price close to zero." (Pg. 56, par. 3) + +The quantity *2A/3B* is double the amount the manipulator usually sells at time 2, which indicates to me that they have to increase the magnitude of their short attacks to compensate for the change to a higher value. I will not be using the quantity strategy described above as its mathematical parameters are different, but the I feel the circumstantial similarity provides reasonable basis to assume that during and after the Sneeze, they were always shorting the maximum amount of shares. + +With all this in mind, and the fact that GME is a *H* company, I will no longer calculate/use variable *L*. + +*ELASTIC DEMAND CURVE* + +This assumptions ONLY applies to during the Sneeze as a result of them turning off the buy button. Using the elastic coefficient resulted in the lowest reasonable estimates as well. This makes sense as they can manipulate an elastic demand curve with less shares. + +\----------------------------------------------------------------------------------------------- + +# D. Price Pattern + +With buy pressure pretty much neutralized. Its hard for me to judge the how much each contributed to price drop. I tried to identify if there were any clear trends. **The first attack dropped price by 40 percent (normally it drops 33 percent), the second by 60 percent (normally it drops 50 percent) and the third by 40 percent (normally takes price close to zero)**. Not too much deviation, in fact, I expected more, but I assume that letting us buy limited amounts of shares on the way down stiffened out demand curve a little to maximize their profit. + +\----------------------------------------------------------------------------------------------- + +# E. Equations & Variables + +FINNERTY FORMULAS + +[Quantity Shorted](https://preview.redd.it/xax47cpu4ga71.png?width=919&format=png&auto=webp&s=ae6de0da936ab3191b25da1f014a733d7c288d51) + +VARIABLE *B* + +[Elasticity](https://preview.redd.it/al41sdvv4ga71.png?width=977&format=png&auto=webp&s=de833e2bca03a4b97528fb651e94fc85e5bfff22) + +&#x200B; + +[Variable B](https://preview.redd.it/2bx6yj6x4ga71.png?width=851&format=png&auto=webp&s=3525b0733c687395d3d919a577478837c17290e4) + +&#x200B; + +VARIABLE *A* + +&#x200B; + +[Variable A](https://preview.redd.it/rhkmakma5ga71.png?width=980&format=png&auto=webp&s=33ece2edace98830a32933bdaae3cd52946f6196) + +&#x200B; + +VARIABLE *H* + +&#x200B; + +[Variable H](https://preview.redd.it/du6kmnfc5ga71.png?width=949&format=png&auto=webp&s=02b0223ad8d9f7de69ac1c96c0a53071a753a5bd) + +&#x200B; + +\----------------------------------------------------------------------------------------------- + +# F. Results + +(Share counts in millions) + +Chart 1: Shares Shorted During Sneeze + +|Time (t)|Quantity Shorted| +|:-|:-| +|Time 1|62.642| +|Time 2|62.648| +|Time 3|133.35| + +Chart 2: Totals from During Sneeze ONLY + +|Total Shorted Shares at Time 2|125.29| +|:-|:-| +|SI at Time 2|177%| +|Total Shorted Shares at Time 3|258.64| +|SI at Time 3|366%| + +&#x200B; + +Chart 3: Cumulative Counts (Pre-Sneeze + During Sneeze) + +&#x200B; + +|Shares Shorted from Pre-Sneeze|155.37| +|:-|:-| +|Pre-Sneeze SI|220%| +|Cumulative Shorted Shares at this Point|414.01| +|Cumulative SI at this Point|586%| + +&#x200B; + +\----------------------------------------------------------------------------------------------- + +# G. Conclusions + +Notice how that by time 2, when the price halves they had shorted more shares than shares outstanding and by the end of time 3 they have shorted about the same amount of shares they had shorted Pre-Sneeze. + +The more I extrapolate I assume my margin of error grows, but I still feel confident in these answers. I believe this is where reached a point that they were no longer able to drop us back down to $40. I feel like my hypotheses don't fully explain why though. Input is appreciated. + +\----------------------------------------------------------------------------------------------- + +# H. Next Post + +We'll look at the time period after the January Sneeze to approximately mid-April 2021 + +\----------------------------------------------------------------------------------------------- + +# I. TL;DR + +&#x200B; + +[I DID NOT MAKE THIS! ORIGINAL MEME POSTED BY u\/Archisaurus, https:\/\/www.reddit.com\/r\/Superstonk\/comments\/oev08e\/this\_is\_my\_brain\_going\_through\_the\_due\_diligence\/](https://preview.redd.it/lmundof7pga71.png?width=942&format=png&auto=webp&s=0e77d79ba2b5bc4739a4372513080174f9a3efc3) +**If anyone is still listening, I have been banned. Send help/PM me.** + +(Throwaway account). **This is a troll post. My apologies. Very immature of me.to try to entertain myself this way and I expected everyone to call me out. To be fair, I know.people in nearly this exactly situation but still I'm an idiot and feel bad about it.** + +32M, ETF wholesaler in a MCOL market, $450k total comp. NW: $800k. Work at most 15-20 hrs a week (with Covid, limited/no travel, so essentially just take a few Zoom meetings per day that my internals set up). Home value is $600k, 5000 sqft house, beautiful property. Typical day Mon-Thurs: 7am wake up/workout 8am admin 9-12pm calls 1pm done for the day. Fri-Sun: off. Previously was working 60-70 hrs/week + overnight travel. Unusually good gig right now. + +Growth potential: director of wholesaling group, TC $800k, higher stress, at least 2-3x hours. SVP in major markets (would require a move) with 15+ yrs/experience up to $2M. + +Thanks. +As someone who missed out on Netflix and Roku lol, I'm looking forward to this ETF, I've done well with their BETZ ETF. I saw it was added on E\*Trade this week, but is still not trading. I looked at the SEC Edgar site, read thru some docs there, saw a 0.75% management fee listed, which is a bit high, but I've seen worse. + +&#x200B; + +I'm assuming it will have Netflix, Amazon, Fubo, Roku, etc...maybe some infrastructure streaming plays? I've tried googling but there hasn't been much other than the initial announcement. Anyone hear anything on it? +Hello everyone. + +My current setup is IWDA 88% and IEMA 12% with a 30-year horizon + +I recently started thinking if it could be worth it to add a small-cap ETF to this setup since it lacks small caps, but don't know if it is worth it. + +The small-cap ETF would be: iShares MSCI World Small Cap UCITS ETF USD (Acc) | WSML + +That could change my setup to: IWDA 75% + IEMA 12.5% + WSML 12.5% or maybe a 75/15/10 allocation.... + +I was thinking of this ETF since I use degiro for my ETF and it is free on the Degiro ETF list. + +Any recommendations?? + +Thank You very much +I would like some opinions on investing some cash into solid growth ETFs for the next 5-10 years. Have about 50k that’s not growing much in a money market bank account. I would appreciate some suggestions to diversify the funds across a few etfs +I would like some opinions on investing some cash into solid growth ETFs for the next 5-10 years. Have about 50k that’s not growing much in a money market bank account. I would appreciate some suggestions to diversify the funds across a few etfs +I am curious if there’s an economic term for the idea that, if two different things of equal monetary value are destroyed, you might be willing to replace one, but not the other? + +By way of clarification, the other day I dropped a box with $25 worth of macarons, basically destroying them. They had been intended to be dessert after dinner. I was, at the same time, also carrying about that many dollars-worth of pizza. I thought “good thing I didn’t drop the pizza, or I’d have to go back out and buy more.” + +Why am I willing to spend $50 for $25-worth of pizza, but not for macarons? (I will also throw out there, if the pizza had cost $50 to begin with, I never would have bought it.) + +In lay-speech, I’d say that pizza is a necessity, while macarons are a luxury. The best economic sort of explanation I can come up with is that macarons suffer from more drastically diminishing returns than pizza, but I’m curious if you all might have a more suitable concept that maps on to this situation. + +Thanks very much! +Hi /r/AskEconomics, my question comes from this article -- [The ‘ridiculously large’ U.S. economy: Which country does your state measure up to?](https://www.marketwatch.com/story/heres-how-big-every-states-economy-is-if-compared-to-a-foreign-countrys-2018-05-09) -- in which [Mark Perry](https://www.aei.org/scholar/mark-j-perry/), a University of Michigan economics and finance professor, seems to make an argument on the basis of *[American Exceptionalism](https://en.wikipedia.org/wiki/American_exceptionalism)* with regards to being an economic powerhouse. + +He claims that achieving and maintaining GDPs comparable to other nations with fractions of the population is... +> "...a testament to the superior, world-class productivity of the American worker." + +And adds that we should not... +> "...lose sight of how ridiculously large and powerful the U.S. economy is, and how much wealth, output and prosperity is being created every day in the largest economic engine there has ever been in human history." + +Is this claim reasonable? What other causes might lead to the relatively low productivity (per capita) of nations like Britain, Canada, South Korea, etc...? ([see chart](https://ei.marketwatch.com/Multimedia/2018/05/09/Photos/NS/MW-GI865_StateG_20180509131302_NS.png?uuid=3adbc38c-53ac-11e8-900e-ac162d7bc1f7)). + +Are these comparisons even valid in the first place (*viz.*, does it make sense to compare individual U.S. states against other nations)? +Just a layman being curious. + +Last financial crisis exploded into existence with the Lehman collapse. It didn't start with it, it didn't end with it, but that was certainly the "big thing". + +While housing is (probably) again in a bubble, I don't see it being the start this time. If it does break, it will be as a side-effect rather than anything else. So what else has the same (or higher) magnitude/value as property? The only thing which comes to mind is corporate debt. + +So yeah, that's essentially my question. Not whether it will happen, just if it does, what could be the Lehman v.2019/2020? + +Thanks everyone, looking forward to your insight! +People aren’t going to stop driving their vehicles if gas prices are higher, and it’s in the oil company’s best interest to make stacks on stacks on stacks of cash. So why isn’t gasoline more costly? They could pretty much charge what they wanted and people would pay; there’s always a demand. +My grandma has wired her life savings to a scam artist saying that she has won the lottery and that they need money to pay the taxes. These people call her 30-40 times a day at all hours of the day and night. Supposedly they will deliver the check Thursday. She is still in denial but my uncle is planning on driving her to the police station immediately after the scammer fails to show up. Is there any steps that I, my family, or she should be taking? + +My uncle believes that the scammer works at a bank in Florida. He got the scammers number by doing a reverse phone search. His research indicates that this women impersonated a Deloitte employee. He also believes she worked for the bank, got fired, started a hairdressing business, went out of business, and now works at the bank again. + +We have known for a while that she is vulnerable to scams such as this as she has admitted to sending a couple hundred dollars occasionally. We have previously contacted the police and visited her bank to inform them. We have also warned her repeatedly about scams. Apparently, none of this worked. + +We have reached out to the IRS for their assistance. For everyone saying go to the police, the police have said that they basically can't/won't do anything until my grandma actually files the complaint so we have wait for her to admit that she has been scammed. + +Edit: To be clear, we have previously gone to her bank to alert them of the situation. She switched banks to avoid suspicion at her bank. We have also previously called the police who came to her house and told her that she is being scammed. We have also attempted to block her phone. None of this prevented this latest scam. +Hi Everyone, my current sheets are on their last leg, and I was wondering if I could get some of your opinions on high-end sheets (I'd like to get something high-quality and long lasting). Does anyone feel Frette sheets are worth it/not worth it? How about towels? + +Are there any other brands (Sferra, Pratesi, etc) I should consider? + +Thanks! +I am a beginner. I just lost half of my portfolio (3000 CAD) on $NOK and $SAVA due to FOMO and joining the party very late (entered around peaks and closed when lost hope of them rising back). + +It feels extremely bitter. + +Now I want to recover these loses slowly over time instead of quitting trading and feeling dejected. + +What should be my strategy for next several weeks? I understand it wont be possible to recover soon and I don’t want to lose hope either. +I am a beginner. I just lost half of my portfolio (3000 CAD) on $NOK and $SAVA due to FOMO and joining the party very late (entered around peaks and closed when lost hope of them rising back). + +It feels extremely bitter. + +Now I want to recover these loses slowly over time instead of quitting trading and feeling dejected. + +What should be my strategy for next several weeks? I understand it wont be possible to recover soon and I don’t want to lose hope either. +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 +Published 11/11/2021, 5:21am EST + + +https://www.manager-magazin.de/finanzen/geldanlage/evergrande-glaeubiger-dmsa-bereitet-insolvenzantrag-vor-a-8824cc4a-ae06-4eb9-b789-6670bac56eb5 + +(Translated with Google) + +Once again, real estate giant Evergrande failed to pay interest on bonds. More than 20 other offshore bonds are therefore considered to have defaulted, says Marco Metzler. The credit analyst prepares a bankruptcy petition against Evergrande for the creditor DMSA. + +The Chinese real estate giant Evergrande, which is in debt with 300 billion dollars, again failed to pay the majority of interest payments due on Wednesday in the amount of around 148 million dollars. "Today Evergrande failed to make interest payments to international investors again," explained DMSA Senior Analyst Dr. Marco Metzler on request from manager Magazin. + +According to Metzler, the German market screening agency (DMSA) is itself invested in Evergrande bonds and will now file for insolvency against the company as a creditor. + +> "That can take a few days, we are preparing it and are in contact with several law firms working around the world," said Metzler on Wednesday and confirmed: "With the banks in Hong Kong closing today, it is certain that these bonds have defaulted." + +The fact that individual creditors may have received interest payments, as Bloomberg reported on Thursday night, citing the payment processor Clearstream, would not prevent the DMSA from doing so, Metzler added on Thursday when asked again. + +> "We're sticking with it. As a public bondholder, the DSMA has not yet received any payments, which leads to Evergrande's default." + +According to the rules, all of the real estate giant's other offshore bonds would have the status "default" and are therefore deemed to have failed, according to Metzler. Cheated investors could now file for bankruptcy, affirmed the former Fitch ratings analyst. + +The second largest real estate developer in China was already in arrears with interest payments on two bonds in September, for which the 30-day grace period ended in October. Neither Evergrande nor its creditors had officially confirmed reports of alleged payments shortly before the end of the grace period. + +> "We asked numerous investors we knew, they couldn't confirm any incoming payments," Metzler said in an interview with manager magazin a few days ago. Evergrande had again declined to comment on both Wednesday and Thursday. + +To determine bankruptcy, a bankruptcy petition must be filed with the court. Either the company itself or one or more of the company's creditors can do this. Metzler called on other investors to join the DMSA. + + As soon as a court opens bankruptcy proceedings, "Evergrande will officially be bankrupt". This is then only a matter of days. + +> "We as DMSA deliberately bought bonds from Evergrande, knowing full well that we will probably not get them back in order to finally bring transparency into this opaque news of alleged interest payments," the credit analyst said. + +According to Metzler, international investors alone have invested around 23.7 billion US dollars in 23 bonds and three large loans. Fitch analysts expect Evergrande to be liquidated in the event of bankruptcy. Much more than 5 percent of their claims are unlikely to be paid out to the creditors. + +US Federal Reserve worries about chain reaction, Fantasia no longer wants to guarantee Evergrande is not an isolated case, but is representative of the whole, hard-hit real estate industry in China. Shares in developer Fantasia Holdings plunged 50 percent on Wednesday after the company said it could not guarantee it will meet its financial obligations after failing to make an October 4 million payment of approximately $ 206 million. + +The Chinese real estate sector represents up to 30 percent of China's economic output. A wave of bankruptcies in real estate companies could drag thousands of other companies into the abyss and also place a heavy burden on banks, experts have long expressed concern. The major international bank HSBC based in London, for example, has loans amounting to 19.6 billion US dollars for the third quarter, which it has granted exclusively to Chinese real estate groups. In total, the major bank accounted for $ 196 billion in loans to Chinese companies from all kinds of industries. The US Federal Reserve warned on Tuesday that the ailing Chinese real estate sector could even pose a global risk. +I'm reading some things that are saying how technical analysis is completely worthless and straight out of the crystal ball. I have to say (with my almost 0 experience but math and science background) that I actually sort of agree. I'm not here to assert this but rather to investigate. + +I'll start by saying that I think that the moving average holds some weight, even for the simple fact that enough people think it does that it can influence the market. I also feel that the moving average reflects the stocks tendency to regulate itself around the company's earnings. So, to summarize a bit; The term technical analysis casts a wide net and drags up a bunch of shit. What is the shit and what is the truffles? How do you go about sifting through? What are the "real" indicators? +I've been selling plasma on and off for over a year. It's not glamorous and I'm not too happy about the mark on my arm, but it has kept my family fed and able to continue going to work/school. + +Many plasma centers have onsite daycare during at least part of their open hours (I know BioLife does at most locations), and donations typically range from 45 minutes to an hour (second donation onward - the first donation is long because of physicals, questionnaires, getting your profile set up, etc). + +Plasma donation definitely isn't for everyone, and it certainly hasn't boosted me out of poverty, but it helps me feel more secure knowing that even when my bank account is low, I can net $70 a week for groceries and gas. It's also nice to spend an hour just reading browsing the internet, or playing a game. + + +Some tips: + +-Drink a lot of water the night before. The donation will go faster, and you'll feel much better. + +-Don't eat a huge, fatty meal beforehand. It can stop your donation if your plasma looks too milk-like (excessive fat), and you won't be compensated. + +-That being said, do eat a meal with protein an hour or two prior to donation. Your blood protein, iron content, and blood pressure are taken prior to every donation. If your iron or protein is too low or high, you'll be deferred for a day. + +-Take advantage of promotions and coupons. Plasma centers often run frequency bonuses each month, and first time donors usually have coupon codes available that will exponentially increase your first month's payout. + +-Evenings, weekends, and lunch time will always be peak plasma center traffic hours. There's not much way around this if you work a typical day shift, unfortunately. + +-Recommend plasma donation to people; most places have referral bonuses. Offer to split the bonus if it helps get someone in the door, if you want. +I am a 19 year old college student currently attending the University of Tennessee as a sophomore. My mother passed away two days ago and she was helping me pay for college through parent plus loans. I have a 20 year old brother who attended Nashville film institute. I am currently trying to figure out things with my school as far as financial aid is concerned and I have been in contact with people at my school. I am more worried about my brother. He is currently with my mother's husband (not our father). He has basically no income other than disability and my brother does not have any stable income. Is there any resources or anything that they can take advantage of to help until my brother can figure something out. The husband and him are living in the same place and apparently the rent is already paid up till February. The husband has to stay in Tennessee until March because of parole supposedly. Sorry if this is all over the place, I'm still not sure where to start in this messy situation. Any help is appreciated. + +Edit: I know this is late, I probably should have clarified, my brother does plan on getting work to pay utilities and things for the next months. He is wanting the husband to move out as soon as possible, so any advice on maybe getting parole switched to another state or something of the sort would be helpful. Our mother was extremely bad with finances and has no assets and a lot of debt in her student loans, credit cards, utility companies having past due payments and things of that nature. I am studying microbiology on a pre-med track, wanting to attend medical school. Lastly, me and my brother have both lived with our mother in Fairview, Tennessee, west of Nashville. As we were both really dependents, we are trying to work this out together and find out what we can have as living arrangements so I wouldn't have to attend school year round, could come back during summer, work and help with bills while also doing an internship or job shadowing at a nearby hospital. +Hi all, I'm thinking of making a big purchase (around 30k for my cousin's car) in the next few days and was going to transfer GBP to EUR. This is my first time thinking about currency outside of Sterling. I'm worried that the GBP will continue to weaken if I wait too long and wondering if you could ask me a question about which service would be best for me to pay him? + +Barclays offered me a pretty high rate when I checked against the internet rate. A friend of mine recommended I use Revolut, but I'm not sure I trust them with that much money. Can anyone who's used them recently tell me if they're reliable for larger transfers these days? + +Edit: Thanks for everyone's excellent input. Just to give an update for anyone finding this thread later, I did a few things based on the advice below: Checked Monito and Wise's price comparison pages, looked at Fineco, and decided to give [Atlantic.Money](https://Atlantic.Money) a shot. Have a nice evening! + +These were the options: + +|*Provider*|*EUR Amount Received (30k GBP sent)*|*Savings*| +|:-|:-|:-| +|Revolut|34,209.04|0| +|Wise|34,248|\+38.96| +|Fineco|34,331.25|\+122.21| +|Atlantic Money|34,395|\+185.96| +|||| + +&#x200B; +This is a common sentiment, and I don't doubt it, but what are some examples? + +Ones I can think of off the top of my head are: +- Paying for things like car insurance upfront usually gives a discount vs. paying monthly +- Buying things with cash rather than credit/loans can give a lower price and save money on interest. + +Most of the things I can think of are basically having cash to pay for things vs borrowing money and paying interest. + +Are there any options that are open to someone with say 100k that aren't available to someone with 10k in terms of growing your wealth? Or 1 million vs 100k? +Look guys we can't constantly hype tomorrow as being MOASS it's just unrealistic at this point. The market is closed tomorrow so it can't be MOASS, but it is definitely Tuesday. If not Tuesday, then Wednesday for sure. If not Wednesday, the it has to be Thursday. If not Thursday, Friday MOASS confirmed. + +Edit: I’m reading all your responses to my wife and she is cracking up! I think she even sent a few screen shots to her boyfriend that’s how you know it’s funny. Thank all of the commenters for making this Sunday that much more fun. I’m off to pleasure myself to the thought of a citadel intern reading this post and coming up with a strategy to try and combat this reckless retardation. Have a great night everyone! +35 M - NW ~5m - HHI 500k-1m - LCOL Area + +My wife and I are looking for a luxurious upgrade that’s practical with a little more room than our Model S. We have a 1 yr old and another on the way, that means car seats for the next few years and space is important. Typically we don’t drive often we mostly work from home or at an office building we bought nearby. We do take a few road trips here and there. In addition because of where we live and the market right now pretty much all of the cars I’m about to list are not able to be test driven without driving 5-8 (round trip). We also generally like to keep cars for 3-5 years which is usually outside the lease sweet spot. So this will be an out right purchase. + +Cars in the running: BMW x7 M50i, Lamborghini Urus Modestly spec’d, Audi RSQ8, Tesla Model X Plaid + +Currently leaning towards Model X or the BMW as they have the only 6/7 seat configurations. + +Are there other cars I should be considering. What does your family drive? What do you think? + +Thanks! + +Edit: +We decided to make due with our current Tesla and Jeep. We are going to wait until the 180kw version of the Rivian R1S is released and purchase that and at that point I’ll get myself a little mid life crisis car. The Rivian really hits all of our needs, while still looking like it’ll be fun to travel in. The X just missed the mark when it comes to space. You’re not getting a lot more of it without folding the 2nd row, which defeats the purpose. The Urus and RSQ8 didn’t quite fulfill the space requirement either both coming in slightly smaller than the X. I brought the minivan idea to my wife who effectively told me to never bring up minivans again to her. I personally have no problem with them, my first car was the old family minivan. We did look into the Cadillac Escalade and the BMW x7 These cars pretty much nail everything we are looking for, but the Rivian is just a little more exciting to us. After driving an electric car for a while it’s just hard to give up that acceleration you get from electric vehicles. We looked at every single option listed including the e cargo bicycle mention. Thanks for all your input! +Hi guys ! + +I try to learn how to use Fibonacci. Can you tell me please if my trace is correctly done on this screenshot please ? If it's not, what's wrong and how to improve it please ? + +https://preview.redd.it/5hve3qrmev181.png?width=1496&format=png&auto=webp&s=1f19d8d2e832f67b74e516cc2d862856b01abd36 + +Have a good day everyone ! +I love you man. Your written testimony is spot-on and I truly wish you the best in everything. You certainly have a number of people around the world who appreciate who you are, and I think you are the best of us. I could not think of a better representation of the good in this world, let alone this retarded ban of apes on Reddit. + +The internet is a wild place. Any one of us retards could have hit the lotto by randomly buying leaps in some meme stock then proceeding to act like a sevant even though it would have been just dumb luck. + +But you were different. You did your homework for years, learning about the market and understanding what your strategy would be, all while taking care of your family and no doubt just being an all-around good dude through some incredibly difficult times since 08’. I was amazed to find you when I saw your analysis of GameStop about a month ago. Sincere, funny, and most importantly, incredibly sharp. You earned every single penny of your gains through years of honing your analysis skills to find DeeeeeeeepFuckingValue. + +I just wanted to say thank you. + +Positions: +Gme to the 🌙 +I like the stock and I like DeepFuckingValue +A few details about me + +30, HHI 325k, NW 1.5MM broken up into 600k real estate (with rental home), 550k retirement, 200k brokerage, 100k cash (yea yea). + +We have a monthly budget and though our NW is “high” (relatively), we’re nowhere near fiRE - as you can see we’re pretty illiquid. + +We feel the effects of gas prices raising from $200 month budget to $400/month. Groceries, etc. We are starting to uncomfortably spend a lot more during this time (weddings, kids, home costs, etc). My husband may quit work for a bit which would cut our income by 33% (still around 200+k/annum). + +I always thought when I got to this “Net Worth” I’d be so comfortable. I mean our net worth is averaging 25-40k/month increase (we’re big savers). + +I understand comfortable means different things to different people but was there a NW you hit that you finally let most of it go? That you quit budgeting or hit that dream security feeling? Or was it some other factor + +PS: I do feel I have more of a normal fire mindset but not sure with numbers above how well it would’ve been received in those subs +A short bit of background to give context on my personal situation... I’m mid 30s and in the past 7 years have gone from having a zero net worth and being generally rubbish with money, to being 3 years off my FIRE number. My approach to FIRE is very much equal parts being smart with finances as well as learning to be happy with less / being grateful for what I already have. I don’t have many outward signals of wealth with the significant exception of a big house in a nice area that I own outright with my partner. In large part because of my housing situation my savings rate is crazy high, typically c.90%. Both my partner and I come from working class / lower middle class families and have worked for everything ourselves. + +I have a full time job which I actually really enjoy, to the extent that I’m considering not stopping work at all and maybe just cutting down my hours, but that’s for another time. I feel very blessed to be in the position that I’m in, and am excited about seeing through the next few years and discovering what my life will look like when I don’t strictly need to work any more. + +That said, over the past few years something has been bothering me more and more, which is how my situation has impacted on my friendships and family relationships. + +The most direct problem, although for me the easiest to deal with, is a couple of family members have pieced together how relatively well off I am and have tried to manipulate me into funding luxuries that they feel entitled to. I’ve approached this by being pretty direct about not giving/loaning them money in these situations and if they’ve continued to push it I have distanced myself from them. Thankfully most of that behaviour is in the past. + +The more subtle problem is that I’ve found that my wealth and the approach I take to living my life has made me more distant from friends and close family, and feels like it stops me deepening those relationships. + +I think part of this stems from the basis of these relationships being rooted in a shared struggle - bonding over the trials that come up in day-to-day life that almost everyone experiences - worries about losing a job, an unexpected bill, a car breakdown etc. The problem is that by and large I just don’t have these kinds of worries any more, so at best I can offer a listening ear, and if I offer my thoughts or advice I worry about coming off as patronising. I feel on edge during these kinds of conversations now because I feel like I’m constantly having to check my privilege! + +The reverse dynamic is also in play - the worries that I used to share in conversations 7 years ago no longer really exist for me any more, so it feels like I miss an opportunity to talk about what’s going on in my life. I’m really content and if I worry about anything they’re the kinds of things that are completely unrelatable for most people, like “I worry that in a few years if I were to stop working I might lose a sense of meaning and direction in my life”, or I worry about the subject of this post! I’m smart enough not to share these thoughts out loud as I don’t think it could come across in any way other than being smug and self-satisfied. + +I also feel wary about developing new friendships for similar reasons. I’d love to meet people who have a similar outlook or are going on a similar journey, but even though my approach to life feels really sensible to me it’s still kind of, counter-cultural I suppose? + +I feel uncomfortable even writing this post as I feel like wow, what a nice problem to have that your life is going so well that you are down to worrying about this kind of crap, but here we are...! + +Does anyone else relate to this kind of dynamic and have any tips on how to navigate it? I’d honestly really appreciate it. +Really need a car for work (I'm taking buses) but I'm hearing it still might not be a good time? + +I can buy new or used and have about 20k cash to purchase.. +So my wife and I just had a baby recently. Of course I want the best for her and want her to go to college. I've been looking at 529s and they ALL project public 4 year colleges to be well over $200,000 in tuition. My heart shattered at that thought. I'm curious what everyone feels a good target number should be? Or if this is accurate? + + +I have my own student loans to pay and I want to use the 529 for early birthday money and gifts from family to boost it as well as monthly contributions. +As a child for 12 years I was forced to recite and chant every single morning in school about liberty and justice for all. You can’t force a generation to chant this mantra every morning of their developmental lives then expect them to just forget about it. I realized “liberty and justice for all” was bullshit in 2008, and since then I’ve been shown nothing but more and more reasons it’s bullshit. Every single homeless veteran I see, every single cancer patient who passes away earlier than they needed to because you all short every single startup that has the potential to threaten big pharma into bankruptcy for tax free profits, every single diabetic having to choose between rent or insulin pisses me (and millions upon millions of honest hardworking Americans) off more and more every single day. + +Don’t think for a single fucking second that we don’t see you. Don’t think for a second we don’t know the harm you’ve inflicted upon millions. We know what you’ve done. We the people, are fucking fed up. Fed up with the liberty and justice for only the rich and corrupt. Fed up with “the rules for thee, not for me.” Fed up with paying our fair share of taxes as we can barely afford to keep the lights on and food on the table as y’all pay less taxes than us on ludicrous gains that enable you to buy your tenth summer mansion/yacht/private jet/seven figure car/art collection/historical artifacts/whatever pointless shit your insatiable endless fucking greed directs you to buy. + +We’re fed up with you all somehow wanting even MORE when not even your great great great great great grandchildren, let alone you, will be able to spend in their entire lifetime what you leave behind when you go to the same place all of us will end up when we leave this mortal coil behind. To me the floor isn’t about the money. The new floor to me (and hopefully the rest of the holders) isn’t $80M per share. It’s $80M per share, and accountability, and liberty and justice for ALL. I will hold until I see multiple high net worth individuals sentenced to life in prison. Until I can afford to house every single goddamn homeless veteran in the country, pay for every single cancer patients medical bills, pay for every single diabetics insulin, pay for every single college students tuition, make all my friends and family rich beyond their wildest dreams and still be rich beyond my wildest dreams afterwards. + +Why? Because you’re all that rich and refuse to put it to ANY use or do ANYTHING positive with it besides jerking yourselves off. Because the ONLY reason y’all are that insanely wealthy to begin with is that counterfeiting shares isn’t considered the same as counterfeiting currency when it damn well should be considered the same exact thing. I don’t hold just for life changing money. I hold for justice and accountability. If it were up to me, you’d all be found guilty of crimes against humanity and hung or guillotined publicly in the streets. You’re probably laughing as you read this, but to that I say, keep laughing. But one day we will be in charge. And when that day comes. You’re all gonna get fucked up. #nocellnosell + +EDITED: for paragraphs, sorry y’all I’m a bit tipsy and passionate + +EDIT: Wow! Never expected my drunken ramble to receive this much love! Thank you all for the support! The only revision I’d like to make as a few have pointed out, I’d like to clarify or point out that I’m not advocating or calling for violence against anyone, just stated what I would consider fair if I were a judge sentencing them. However, now that I think about it I think the worst punishment to them would be seizing every last cent of their ill gotten gains and every possession they’ve purchased with them, sending them to prison for a few decades and letting them go free by the time they’re geriatrics so they can understand how it feels not only to have to navigate our job market, but to be 80 years old unable to retire needing to work 50 hour weeks just to able to keep their shitty health insurance and a roof over their head with barely enough left over for food. Honestly I think they’d prefer the former. These elites would rather die than have to live like us. Anyways thank you all again so much for all the love and support! I’m so happy to see this sentiment is shared among the apes! Keep buying keep DRS’ing and keep hodling apes! Their first and last mistake was thinking we’re only still here after all these months only for the money! We will win and be the change we want to see in the world! +I'm trying a cross-post here, hope I'm doing this right, I made some slight improvements after some review on the DD sub. + +So hi everybody, I've been lurking for a while, thought I might have something to contribute to the hive-mind. I'm submitting this late at night California time cause it took me a while, it turned out to be very long. Anyway, good morning Euro friends! Can't wait to visit you all again someday! + +So I've seen a lot of speculation on FTD cycles of 20-something days, 30-something days, etc, plenty of people wonder if there's really something wonky with GME's price, it sure looks like there are some cycles there, but is there anyway to measure that in a quantitative way? Yes, it's called [Fourier Analysis](https://en.wikipedia.org/wiki/Fourier_analysis), also known as looking at a plot of power [spectral density](https://en.wikipedia.org/wiki/Spectral_density). + +I've heard some people use this phrase "technical analysis" of price movements, which I believe is called that because it is only just technically a form of analysis? Haha, ok but I seriously don't know why they call it that. I know I'm not the only science-type here, I have a background that does not involve finance but does involve using statistics and I will attempt to perform a statistical analysis. There will be some hand-waving by the end, and in that sense, this may remind you of a so-called technical analysis. + +Here's a meme to explain some of the deep secrets of statistical analysis: + +&#x200B; + +https://preview.redd.it/kj5wzkrzo1171.jpg?width=590&format=pjpg&auto=webp&s=5b2b5645ca18bc1fef5d388dea366203e9f7b6e7 + +Ok so the first question here is how to slice and dice our data. A Fourier analysis requires an unbroken series of consecutive samples of the signal for which you wish to know the power associated with any variable cycles in that signal. That is, if you want to know how much amplitude power is associated with price movements on a 30-day time-scale, you would need an unbroken series of prices many times longer than 30 days. This is because if you only had a random stretch of 60 days, for example, you would only be likely to catch one 30 day-cycle in the middle. If you had data for a consecutive stretch of 120 trading days, you could see 3, maybe 4 cycles with 30-day periods depending on when the cycle starts. + +&#x200B; + +So one thing to watch out for is the maximum length of a period under consideration in a Fourier analysis, and only trust power reported for cycles 2 to 4 times shorter than that stretch. So that said, we've got several long time periods of interest to choose from. For this analysis, I choose 3 main periods: The before times of 2016-2019, The Short Period when prices were very low in Q3,Q4 2019 - Q1,Q2 of 2020, and The Ape Days which are obviously the recent times in 2021, but appear to really begin in August 2020, so I will subset Aug - Dec 2020 as The Ape Days of 2020 to see if anything special was going on in the price movements during that time before the coverage became significant: + +https://preview.redd.it/2bgxsrkap1171.jpg?width=1857&format=pjpg&auto=webp&s=34c713ba6b753fbb9aad4f3280029e80462b60c1 + +I have tried slightly changing the boundaries of these time-frames, especially the boundaries around "The Short Period", and it does not have a significant effect on these results. We need to have a signal that is regularly sampled for Fourier Analysis, and I currently only have access to Open and Close price data. To get a uniformly spaced signal, I'm going to pretend the Open price for each trading day occurred at 6am and the Close price occurred at 6 pm, and those are my samples, 2 per day, equally spaced. If anyone has access to long stretches of hourly data they are willing to share, I would perform this analysis on it with interest. I interpolate across weekends to complete long stretches of consecutive calendar days. I am worried about how the interpolation over weekends may affect the conclusions, so I will focus on periods of consecutive trading days, but know that I've considered it. Look how the interpolation is a little wonky over the weekends depending on interpolation choice: + +https://preview.redd.it/d6408q0dp1171.jpg?width=1750&format=pjpg&auto=webp&s=c452b978e7aa62bb83a716a4e3d9544a63479560 + +Now, a short primer on how to interpret the types of figures I'm about to show you. Prepare yourself, they look messy. They are best to view by kind of blurring your eyes and looking only briefly, you are not supposed to read too much into any of the many peaks, unless they look like a local maximum. We could come up with a series of ad-hoc criteria to determine local maxima and call it objective, but this is somewhat subjective. Here's the first one, no pressure, just get a feel for how it looks: + +&#x200B; + +https://preview.redd.it/mpl2q82gp1171.jpg?width=2813&format=pjpg&auto=webp&s=36c9dcc0c48e81da13a3606f46971fbfcb024304 + +What we see for the Before Times and the Short Period is a "spectrally flat" slope, consistent with statistical noise. There is no particular cycle with a peak that stands above the crowd, if you will. The power spectral densities (PSDs) plotted in blue and green above seem like they have a lot of noise for periods of a few days, and then become big loopy waves out at the long time scales of 100-day periods and beyond. The messiest part is over-sampled, but those long cycles are significant fractions of the total signal length, and power associated with a potential cycle at those long ranges can "alias" themselves out (under-sampled). So don't read too much into the far right side, but do consider the left side and the middle. We discussed this before when thinking about looking for a 30-day pattern with only a 60 day stretch, but here we have 400 and 800 day stretches of days. Note that 10\^0 = 1 day. I note this looks to me like [pink noise](https://en.wikipedia.org/wiki/Pink_noise), I have no idea what to make of that but I find it very interesting. + +The y-axis shows the power per cycle associated with any cycle, and the x-axis shows the period of that cycle. The fact that the units on the y-axis are decibels per cycle per day is supposed to clue you in that dB is a type of log-scale. The x-axis is log scale too. What we see for both the Before Times and the Short Period is a generally constant slope of higher power at longer and longer timescales. Note that this doesn't tell us anything about the trend of price, whether generally up or down, Fourier analysis does not care about that. It only tells us the power associated with cycles of variable periods unrelated to background rising or falling trends. Before August 2020 there were no predictable cycles. + +Now, the result you've been waiting for, here are the PSDs for the Ape Days, and the 2020 only subset, and a normal 200-day period, without annotations: + +&#x200B; + +https://preview.redd.it/ik7f3h8pp1171.jpg?width=2813&format=pjpg&auto=webp&s=e8a31569f36367d5b811d094e5f35bbec212db86 + +Here are some annotations to guide your eye and go with the following discussion: + +https://preview.redd.it/5qbabk5qp1171.jpg?width=1623&format=pjpg&auto=webp&s=b683e99f353dec807ae7175d807f42ffddca27e0 + +In the above figure, I color as orange the PSD of price movements during the most recent 200 trading days (Ape Days). In blue, I plot the PSD associated with 200 trading days during the Before Times, as a comparison to show what a normal 200-day period would look like. This helps us be sure that the Ape Days are indeed unusual. In black, I plot a shorter period of the 115 Ape Days of 2020 only. + +While there are particular peaks at 24 trading days, and 35 trading days, it is difficult to be sure these peaks are really local maxima. Could be, say, 21 and 33, I mean, but not 20 and 40. In the shorter Ape Days of 2020 only period, it seems like the 30-day cycle is gone, and the 24 day cycle was longer at 26 days... this may be due to the shorter sampling period of only 115 days. + +The peaks at 6, 7, 10, and 15 trading days are only slight local maxima. I imagine some of the power over these time periods is due to options activities, could be people closing out their weeklies or monthlies a various few days or weeks early. The peak around 4.15 days is curiously well resolved, I tried a lot of slicing and dicing and it kept showing up as 4.13, 4.16, but never just 4 days. I note that 4.17 ish days is exactly 100 hours. Could there be some fundamental finance cycle on that time scale... maybe it's algos? I need to find hourly data to have more insight. + +But the number one thing I was surprised to see with this analysis is the wonky way the power seems shifted around the 2-day time period. It's almost as if price movements on shorter time-scales have been somehow damped. I only have 2 samples per day, so maybe it is aliasing... but it doesn't show up in any of the Before Times samples. + +&#x200B; + +TL;DR: I basically turned GME's price into a sound, and during the before times, it was all [pink noise](https://en.wikipedia.org/wiki/Pink_noise)... and then sometime around the end of 2020, it starts to beat, at a rate curiously similar to the FTD cycle... power at 2.5 days, 20ish days, 30ish days, the beat is there +My employer requires negative antigen tests to attend the workplace, but with current shortages of test kits, we’ve had to start sourcing our own. + +I’m not sure if these will be reimbursed, but if we assume they won’t be, could this be seen as a deductible expense? +Through a combination of good luck and a high paying job I am very well on the path to fatfire. + +My dad left me investments of ~£2.1 million and a furnished (now unoccupied) 4 bedroom in sw3. I am middle management at a FAANG, earning just over £14k per month after tax (~£310k annual) My expenses are £5k a month if I splurge. I have an additional total ~ £3 million in between ISAs, cryptos, VCTs and cash. I live outside London in the UK. £300k in my pension but I’m barely paying into that anymore. + + +I went to 3 boarding schools in 2 countries while growing up because dad moved a lot. Never really made any friends or learnt how to. At uni I went head down in my degree and ever since been in my company. I am just over 34. + +My social life basically sucks. Before the pandemic I used to travel every other weekend. Ever since I barely had any social interaction outside of work. + +I find it really hard to relate to people. I don’t flash what I own, but anybody I ever meet through gym or sports clubs (rowing and cycling) has struggles and daily routines that are far different than me and I find it hard to relate, or I guess I to relay anything they find relatable. In the occasion that they get clued up on my income I guess by looking me up in LinkedIn or whatever the relationship just goes cold. + +I used to drive a Porsche that I parked forever because I hated the way I was treated by friends when they saw it. + + +As things are opening up again I really want to change this but I have this painful dreaded feeling in my stomach that it’s gonna suck again + +For lack of a better word I want to find people I could relate to. I want friends who don’t necessarily see me as a cold distant cash loaded meat sack. + +I spoke to a therapist who said I should try and find people with similar income or wealth to me + +Problem with this is it’s really hard, if you don’t know people in tech they basically have no social life whatsoever so friends at work is not a thing + +Where do I meet friends and potential relationship partners who I could relate to? + +Here I am on a Saturday night just downed a bottle on my own I don’t want this shit no more +I've seen lots of stuff online about how buying property as a couple has lots of benefits because you can get a larger and cheaper mortgage through the combined salary, and higher total deposit from combining both people's savings. And of course, there are some benefits of being first-time buyers when buying as a couple as you can access the Help to Buy equity loan and other advantages. + +However, I also recognise there are potential downsides of waiting to find a long-term partner before buying a first home, as there is no guarantee it will ever happen and in the meantime, you will burn money paying rent and lose out on years of property value appreciation. + +Assuming you could afford to buy something modest in the near future as a single, would it be a good idea to hold off and wait till you're happy with a life partner before buying? +^(January 25, 2021) + +* **Citadel, Point72 back Melvin with $2.75 Billion** + +*This is a good starting point yes? No matter what they paid the media to say, I do not believe Citadel redeemed all of this money back over the next year and a half. In bankruptcy there are legalities between picking and choosing which debts to pay back. "Let me pay my boy Ken back and let all my creditors and investors just hold our bags."* + +&#x200B; + +>Your parents, siblings, other relatives, and close friends (Kenneth C. Griffin) are “insiders” in bankruptcy law. 11 U.S.C. § 101(31). In other words, the court knows that you’re likely to choose to repay them over other creditors. So, they’ll look very carefully at any payments you make to friends and family before filing. Payments to insiders are called preference payments and they’re prohibited by bankruptcy law. + +&#x200B; + +*So rather than file bankruptcy, Gabe Plotkin decided to pay back his close friends in full, while all his other clients take the losses when Melvin liquidates for a loss and shuts the door. So was the $2.75 billion a 6 month bail out, loan, investment, or just a facade to kick the can? This needs to be investigated. Because Melvin lost much more in Q1 of 2022 yet was still able to pay back Kenneth C. Griffin in full while he was losing and afterwards? This will be investigated for sure, but that's off topic.* + +&#x200B; + +&#x200B; + +^(February 18, 2021) + +* **Kenneth C. Griffin Lies Under Oath** + +[https://www.youtube.com/watch?v=vJrgPNyFrLw&t=4s](https://www.youtube.com/watch?v=vJrgPNyFrLw&t=4s) + +&#x200B; + +&#x200B; + +^(March 8, 2021) + +* **Citadel issued $600 million in convertible bonds to raise money.** + +https://preview.redd.it/sbb7onfpwrm91.jpg?width=1277&format=pjpg&auto=webp&s=2d53288fc7873dfea0e7dc8ec85e85edef178601 + +*How does this graph look? Does this look promising to you guys? It's not really raising money when your bonds are down and you owe 3.375% for 18 months (x3) today, and ongoing every 6 months for the next 5 years. And this is why appearance is everything. Would anyone buy Citadel bonds in the future when everyone is losing money on Citadel, except Kenneth C. Griffin. Much like his pal Gabe Plotkin, the investors lose, while Kenneth pays himself over billion a year, buys a copy of the constitution and new homes for millions. Not unless investors are allergic to money.* + +&#x200B; + +>Bond prices decline when interest rates rise, when the issuer experiences a negative credit event, or as market liquidity dries up. + +&#x200B; + +*Ouch. Notice the first Coupon Payment Date? September 9, 2022. What's today again?* + +&#x200B; + +>What is Coupon Date? The coupon date is **the date on which the bond issuer must make a interest payment to the bondholder**. For most bonds, the coupon date is every 6 months from the date of issue. + +&#x200B; + +*...and a month later?* + +# ↓ + +&#x200B; + +^(April 30, 2021) + +* **Citadel Luxembourg was dissolved** + +https://preview.redd.it/hbc4rf3c3vm91.jpg?width=792&format=pjpg&auto=webp&s=3453ad4922e3d306ed41ea69d85301038bb1a949 + +*This makes me wonder if they voluntarily liquidate or dissolve (much like Melvin, without filing bankruptcy), do they pay the people they want to pay back and liquidate for a loss (leaving the clients connected to this branch to take losses), while moving the money and assets back to the flagship branch? So clients are losing money connected to this branch, but the flagship Citadel is able to add these "transferred" assets to their balance sheet and continue to look like they are in the green? I wish someone would look into this tactic. Can they move all their positive investments to their flagship while leaving these branches with all their bad investments? Quietly dissolved, save reputation, pump their flagship balance sheet, swindle new investors padded balance sheets?* + +*Full legal documents here.* [https://gd.lu/resa/2mng1G](https://gd.lu/resa/2mng1G) + +&#x200B; + +&#x200B; + +&#x200B; + +^(August 21, 2021) + +* **Citadel allegedly redeemed $500 million dollars back from Melvin** + +They weren't calling on Melvin to give back $500 million because they were in good shape, Citadel was obviously trying to raise funds with their convertible bonds (which weren't needed according to their earnings), and in trouble. How do we know Citadel wasn't in good shape? December 7th, 2021 ↓ + +&#x200B; + +# + +^(September 28, 2021) + +* Kenneth C. Griffin rants on Twitter through his Citadel account about conspiracy theorists and congratulates Robinhood for their great success story. + +https://preview.redd.it/irgl76lmusm91.jpg?width=1281&format=pjpg&auto=webp&s=470a4f0f2ac9bf8f9490e0d8d7505fc78053a3be + +*Again, how do we know Citadel wasn't in good shape?* + +&#x200B; + +# ↓ + +^(December 7, 2021) + +* **Citadel's Withdrawal Restrictions (December 7, 2021)** + +The $43 billion Citadel fund has now updated its liquidity terms for all investors, limiting quarterly without-fee withdrawals to just [6.25 percent](https://www.bloomberg.com/news/articles/2021-12-06/millennium-citadel-winning-the-war-to-keep-client-cash-longer) from the previous 10 percent. This means that it would now take a client 16 quarters or four years to fully withdraw funds invested with Citadel. Under the previous regime, it would have taken 2.5 years to do so. + +&#x200B; + +*Why this isn't talked about anymore is beyond me. Citadel is in trouble and this* ***voluntary*** *action which forced their own clients to* ***involuntarily*** *stay invested longer because they were obviously losing their investors at an alarming rate. This is all anyone needed to know. By the way, this was during a strong bull market when the SPY was going crazy and there would be NO REASON to limit without-fee withdrawals unless you had underlying issues that you couldn't discuss publicly (because if institutions knew the truth, Citadel would crumble instantly).* + +&#x200B; + +&#x200B; + +^(January, 2022) + +* **Citadel allegedly redeemed another 500 million from their Melvin investment** + +*My 2 cents: Gabe Plotkin knew his situation was dire and Kenneth C. Griffin had to control the narrative by making sure to stay on top of the news, for his investors sake. When they gave (if they gave) Melvin the $2.75 billion they had NO idea this would end up with 71.3 million shares DRS. Say what? They were just going to control the run up, turn off the buy buttons, FUD retail, bankrupt GME regardless, and Melvin eventually wins on it's short bet and Citadel gets paid back with interest; all hedge funds are happy. Citadel had no idea the movement that started. But do you really believe Citadel redeemed the entire backing it just gave Melvin less than a year ago (as Melvin kept losing money)? Not likely. Much like the media wasn't truthful when reporting all the shorts had been closed, it's all to save face. Once retail started to DRS Melvin had no chance. Melvin was on the brink of bankruptcy and Gabe Plotkin had to report this to his clients. Melvin and Citadel worked out a plan to make sure the media reported Citadel magically got their $2 billion back. But how? Melvin Capital kept losing billions well after the January 2021 run up. This is all to protect Ken and Citadel's image and keep his clients & investors on board. This is the guy that had a cease and desist letter sent to an airplane pilot. Think about it. Image is everything. This is why you have to sort through the bullshit paid lies about their huge June/july gains, and ask yourself why are they closing down LLPs, borrowing money, and down so much in their bonds?* + +&#x200B; + +&#x200B; + +^(January 11, 2022) + +* **Citadel** [announced a $1.15 billion investment](https://www.marketwatch.com/story/citadel-securities-draws-first-private-investment-round-with-backing-from-sequoia-and-paradigm-2022-01-11?mod=article_inline) **from venture-capital giant Sequoia and cryptocurrency investment outfit Paradigm.** + +*This whole situation was extremely weird because when they announced this investment, most articles already included the "reddit" counter arguments. Rather than just announcing the investment, they noted that redditers were cheering this on as a sign that Citadel was in trouble. So they make these announcements and have counter arguments to things no one has said yet. However, they know the truth so they try to control the narrative and stay out in front of SuperStonk. The fact is, this wasn't some sort of savvy business deal (much like the convertible bonds, Sequoia and Paradigm have only lost with this investment). This was Citadel clearly trying to save their company and they swindled two more investors that probably now can't withdrawal their investments without huge fees attached to them. Yet they could withdrawal their $2 Billion they gave to Melvin less than a year later? Hmmmm.* + +&#x200B; + +&#x200B; + +^(February 24, 2022) + +* **It is released by the "media" that Citadel has redeemed most of it's $2 billion dollar investment with another $500 million being redeemed by March 2022.** + +*Melvin Capital announces May 18, 2022 that it is shutting down due to losses. Remember my two cents?* + +&#x200B; + +&#x200B; + +^(March 15, 2022) + +* **Citadel Faces Potential Default on Russian Tech Company** + +Citadel is facing potential default on convertible bonds from Russia’s Yandex NV. Yandex NV is an internet and technology company that provides an internet search engine in Russia and other international markets. Tigran Khudaverdyan has stepped down from his roles as Executive Director and Deputy CEO at Yandex. Citadel could default on convertible bonds worth billions. + +*Ouch.* + +&#x200B; + +&#x200B; + +^(August 18, 2022) + +* **Citadel Securities borrowed $600million on Thursday** + +Citadel Securities borrowed $600 million on Thursday to bolster its balance sheet and trading business, capitalizing on strong demand from lenders after volatile markets helped one of the biggest US equity trading houses make a banner start to 2022. The company told lenders, which include credit funds, that it planned to use the $600 million in part for additional trading capital. Citadel has sought to expand into markets outside the US and build its business with institutional traders in fixed income. + +*Again, this is all voluntary. Now ask yourself why a company would borrow $600 million less than a month before that first coupon payment date? Anyone else raising their eyebrows here? Citadel went from loaning money, raising money through bonds, to borrowing. I'm just a smooth brainer but this isn't rocket science here. Follow the money.* + +*So what better way to bolster your balance sheet and trading business by borrowing $600 million while voluntarily liquidating your LLP that had net assets of over $800 million with profits of nearly $1 billion for the year 2020. Makes sense huh?* + +&#x200B; + +&#x200B; + +# ↓ + +^(September 9, 2022) + +* **We find out that on August 1, 2022, Citadel Europe LLP is being voluntarily liquidated** + +The LLP was formed in 2008 and as of the latest audited financial statements filed for the year ended December 31, 2020, the LLP had net assets of **over $800 million**. The profit for 2020 from this entity was just under **$1 billion**. + +The principal activity of the LLP is to "provide investment management services to Citadel Advisors LLC, a related company in the US which manages the Citadel Funds." As of September 2021, the members stated they are "satisfied with the development of the business to date and expect the current activities to continue into the future". Less than a year later, they file for voluntary liquidation. [**/u/greysweatseveryday**](https://www.reddit.com/user/greysweatseveryday/) + +*Most of us understand that whether it be voluntarily or involuntarily, it had to be done. The alternative is what? It is done involuntarily and it's official, they are being liquidated? If you close down Citadel Europe which was created as an expansion, obviously things aren't going as planned. If Citadel was making so much money with their main office, let's open another!? So what happens when the first office starts to sink? You take the funds from the other, and close it down. Pretty simple right?* + +&#x200B; + +>AGAIN: *This makes me wonder if they voluntarily liquidate or dissolve (much like Melvin, without filing bankruptcy), do they pay the clients (or themselves) they want to pay back and liquidate for a loss (leaving the clients connected to this branch to take losses), while moving the money, positive investments, and assets back to the flagship branch? So clients are losing money connected to this branch, but the flagship Citadel is able to add these "transferred" assets to their balance sheet and continue to look like they are in the green? I wish someone would look into this tactic. Can they move all their positive investments to their flagship while leaving these branches with all their bad investments? Quietly dissolved, save reputation, pump their flagship balance sheet, swindle new investors padded balance sheets?* + +*And today we find out they created a new branch to replace the old with no assets. So it's a rinse and repeat effect. They can continue to use their Citadel branch to finagle investors, make them take a loss, and voluntarily liquidate themselves? This seems much bigger than just shorting GME.* + +&#x200B; + +^(September 9, 2022) + +* **So the $600 million in convertible bonds were issued at $99 dollars and they are now worth $91. This is at a 3.375% with September 9, 2022 being the first coupon date.** + +*Let's get back to these bonds and what it all means.* + +&#x200B; + +>What is Coupon Date? The coupon date is **the date on which the bond issuer must make a interest payment to the bondholder**. For most bonds, the coupon date is every 6 months from the date of issue. + +https://preview.redd.it/3iosnys3wrm91.jpg?width=1277&format=pjpg&auto=webp&s=376f38bc579336123df8056d66ba31ed308a1fb2 + +*Tick tock.* +I love the sentiment behind the hashtag (ape love ape) but we don't need to prove shit to anyone around *WHY* we deserve the right to free trade. It doesn't matter if you're 18 or 69 years old/ have a job or don't, the free market exists to be **FREE** and don't let anyone tell you different. + +TLDR: Don't put personal details of your life on the internet to prove something that doesn't need proven. + +**HODL** +I have an account with Fidelity with a Roth IRA(12k) and a taxable account(18k). I am in my mid-twenties and am willing to hold positions long term. + +With that said, is going with SPY the most optimal way to invest in an index fund? Should I instead go with Fidelity’s own index funds? + +**Edit:** + +I found this index fund comparison chart between Vanguard and Fidelity: [https://www.fidelity.com/mutual-funds/investing-ideas/index-funds](https://www.fidelity.com/mutual-funds/investing-ideas/index-funds) +Of course there is more to the story, but it is interesting to see such elevated recession fears, yet wonderful results from some bellweathers on the economy like CNR and Visa. + +Seeing a mix of guidance moving forward from these large companies. + +I'll be over here DCA'ing into high quality. + +https://preview.redd.it/bxqegujpq4e91.png?width=1456&format=png&auto=webp&s=46c692e08f44ef6024abecca5674c8a42c028e7f +[https://www.youtube.com/watch?v=PHe0bXAIuk0&t=374s&ab\_channel=PrinciplesbyRayDalio](https://www.youtube.com/watch?v=PHe0bXAIuk0&t=374s&ab_channel=PrinciplesbyRayDalio) + +\-Free Book at the Bottom- + +Three questions: + +* Is there anything you think he didn't explain well enough? +* What are some of the top indicators of a frothy market? +* What major causal relationships do you see? + +**Video Write Up -** 99% his words, 1% are my own. + +Though the economy might seem complex, it works in a simple mechanical way. It's made up of a few simple parts and a lot of simple transactions that are repeated over and over again a zillion times. These transactions are above all else driven by human nature and they create three main forces that drive the economy. Productivity growth, the short-term debt cycle, and the long-term debt cycle. + +Every time you buy something you create a transaction. Each transaction consists of a buyer exchanging money or credit for goods, services, or financial assets. Credit spends just like money, so money spend plus credit spend equals total spending. Total spending drives the economy. If you divided the amount spent by the quantity sold, you get the price. That's a transaction. If you can understand transactions, you can understand the economy. + +A market consists of all the buyers and all the sellers making transactions for the same thing. There are millions of markets that make up the economy. An economy consists of all of the transactions in all of its markets. An economy is simply the sum of transactions that make it up. + +The government consists of two important parts: The Central Government, which collects taxes and spends money and The Central Bank, which controls the amount of money and credit in the economy. The Central bank does this by influencing interest rates and printing new money. The Central bank is an important player in the flow of credit. + +Credit is the most part of the economy because it is the biggest and most volatile part of the economy. Lenders and borrows create transactions. Lenders want to make more money and borrowers want to buy something they can't yet afford. Credit helps both lenders and borrowers get what they want. Borrowers promise to pay back what they borrow, called principle, plus a little extra which is called interest. When interest rates are high, there is less borrowing because its expensive. When interest rates are lower, there is more borrowing because it's cheaper. When borrowers promise to repay, and lenders believe them, credit is created. As soon as credit is created, it immediately turns into debt. + +Debt is both an asset to the lender and a liability to the borrower. When the borrower repays the loan, plus interest, the asset and liability disappear and the transaction is settled. Credit is important because it allows the borrower to increase spend and spend drives the economy. One person's spending is another person's income. As your income rises so too does your ability to receive credit because you have the ability to pay it back, and collateral assets to be sold off if you are unable to pay. Since one person's spending is another person's income, as you spend, it increases the other person's income which increases their ability to receive credit. This cycle continues and is the reason the economy runs in cycles. + +In a transaction, you have to give something to get something and how much you get depends on how much you produce. Over time, we learn, and that accumulated knowledge raises our living standards. This is called productivity growth (think GDP). Those who are inventive and hard-working raise their productivity and their living standards faster in the long run than those who are complacent and lazy. This is not always true in the short run. What's important in the short run is credit. This is because productivity growth doesn't fluctuate much so it's not a big driver of economic swings. Debt is however because it allows us to consume more than we produce when we acquire it and it forces us to consume less than we produce when we pay it back. Debt swings occur in two big cycles. One takes about 5 to 10 years and the other takes about 75 to 100 years. + +While most people feel the swings, they typically don't see them as cycles because they see them too up close. Productivity growth is fueled by innovation and is relatively stable. Debt cycles are what create volatility in the economy. Any time you borrow at the individual level, you create a cycle because you are spending more than you make, which means you are essentially borrowing from your future self. By doing this, you are creating a time in the future that you need to spend less than you make in order to pay it back. Credit is bad when it finances over consumption that can't be paid back. Credit is good when it efficiently allocates resources and produces income to pay back the debt. So if you buy an unproductive asset like a TV with credit, that's bad. If you buy a productive asset like a tractor for your farm to increase your farm's yield and your income, that's good. + +As economic activity increases (transactions), you see expansion which is the first phase of the short-term debt cycle. Spending continues to increase and prices start to rise. This happens because the increase in spending is fueled by credit. When the amount of spending and income grow faster than the production of goods, prices rise. When prices rise, this is called inflation. Too much inflation causes interest rates to rise due to the devaluation of currency. The devaluation of currency is simply when the purchasing power of a dollar declines. The Central Bank will step in to stop this from happening and raise interest rates as a result. + +With higher interests rates fewer people borrow because it costs more to do so and the costs of existing debts rise as well. Because people borrow less and have higher debt repayments, they have less money to spend. So spending slows and since one person's spending is another person's income, incomes across the economy drop. As incomes drop, spending drops forcing prices to drop as well. This pricing drop is called deflation. Economic activity decreases and a recession is created. + +If the recession becomes too severe and inflation is no longer a problem, the Central Bank will lower interest rates to cause the economic activity to pick. With lower interest rates, debt repayments are reduced, and borrowing and spending pick up which creates another expansion. And this short-term cycle repeats, for decades. Credit availability equals expansion. Credit unavailability equals recession. + +This short-term cycle is controlled primarily by the Central Bank. As each cycle completes, it usually finishes with more growth than the previous cycle and with more debt because humans have an inclination to borrow and spend more instead of paying back debt. Because of this human inclination, over long periods of time, debts rise faster than incomes and this creates the long-term debt cycle. + +Despite debts rising, lenders become more willing to give credit because things appear to be going great. Expansion continues, incomes are rising, asset values keep going up and it pays to buy goods, services, and financial assets with borrowed money. This is called a bubble. + +Debt is growing, but incomes have been growing just fast enough to offset them. The ratio of debt to income is called the debt burden. As long as incomes continue to rise, the debt burden stays manageable. At the same time, asset values soar. People borrow huge sums of money to buy assets as investments causing their prices to rise even higher. People feel wealthy. So even with the accumulation of lots of debt, rising incomes and asset values help borrowers remain creditworthy for a long time. This can't continue forever. + +Over decades, debt burdens slowly increase creating larger and larger debt repayments. At some point, debt repayments start to grow faster than incomes forcing people to cut back on their spending. And since one person's spending is another person's income, incomes begin to go down. Which makes people less creditworthy causing borrowing to go down. Debt repayments continue to rise which makes spending drop even further. And the cycle reverses itself. This point in time is called the debt peak. It's the point at which debt burdens have become too big and deleveraging begins. + +In a deleveraging, people cut spending, income falls, credit disappears, asset prices drop, banks get squeezed, the stock market crashes, social tensions rise, and the whole thing starts to compound downwards. As incomes fall and debt repayments rise, borrowers get squeezed. No longer creditworthy, credit dries up and borrowers can no longer borrow enough money to make their debt repayments. Scrambling to fill this hole, borrowers are forced to sell assets. The rush to sell assets floods the market at the same time as spending falls. This is the point at which markets collapse. Less spending, less income, less wealth, less credit, less borrowing, and so on. It's a vicious cycle. + +This appears similar to a recession, but the difference is that interest rates can't be lowered to save the day. In a recession lowering interest rates stimulates borrowing. However, in a deleveraging, lowering interest rates doesn't work, because interest rates are already low and soon they hit zero. So stimulation ends. Borrower's debt burdens have simply gotten too big and can't be relieved by lowering interest rates. Lenders realize debts have become too large to pay back, borrowers feel crippled by the debt and no longer want more. Lenders stop lending and borrowers stop borrowing. The economy essentially becomes not creditworthy, just like an individual. + +At this point, there are only a few solutions to lowering this debt problem. Cut spending, reduce debt, redistribute wealth, or print money. In cutting spending, people, businesses, and governments cut their overall spending. In reducing debt, debt is reduced through defaults and restructurings. In redistributing wealth, wealth is redistributed from the haves to the have nots. And in printing money, the Central Bank goes brrrr and prints new money. These four methods have happened in every deleveraging in modern history. + +Usually, spending is cut first. Borrowers stop taking on new debts, cut spending and pay down the debts. This is referred to as austerity. This leads to less spending which is bad because one person's spending is another person's income, so incomes drop faster than the debt is repaid. This cut in spending is deflationary and painful. This leads to businesses cutting expenses, which leads to higher unemployment. This leads to debts needing to be reduced and many borrowers find themselves unable to repay their loans. Since a borrower's debt is a lender's asset, when borrowers don't repay the bank, people get nervous that the bank won't be able to repay them, so they rush to withdraw their money from the bank. Banks get squeezed and people, businesses, and banks default on their debts. This severe economic contraction is called a depression. + +A big part of a depression is people discovering much of what they thought was their wealth isn't really there. When a borrower defaults, a lender will usually agree to a debt restructuring which means the lender will be paid back less than what they are owed or will agree to a longer payback period. Debt restructuring causes debt to decrease, but it causes income and asset values to decrease even faster, so the debt burden continues to get worse. Debt reduction, like spending reduction, is painful and deflationary. All of this impacts the Central Government because lower incomes and less employment means the government collects fewer taxes. At the same time the Government needs to increase its spending because unemployment has risen. Many of the unemployed have inadequate savings and need support from the government. Additionally, governments create stimulus plans and increase their spending to make up for the decrease in the economy. Government budget deficits explode in a deleveraging because they spend more than they earn in taxes. + +To fund their deficits, governments need to either raise taxes or borrow money. But since incomes are falling and there are so many unemployed, where does the Central Government get the money from? The rich. Since wealth is heavily concentrated in the hands of a small percentage of people, governments naturally raise taxes on the wealthy which facilitates a redistribution of wealth in the economy from the have's to the have nots. Both the haves and the have not begin to resent each other. If this is allowed to continue, social disorder can break out both in the country and on a global scale, mainly between creditor and debtor countries. This is where the Central Bank steps in, turns on their brrrr machines and begins to print money to help stimulate the economy and spur inflation. + +The Central Bank is only able to buy financial assets with this money which only helps drive up asset prices. This mainly helps the people that own the financial assets. This is where the Central Government comes in. The Central Government can buy goods and services which put money in the hands of the people. At this point, the Central Bank and Central Government must work together. The Central Bank buys government bonds, which allows the Government to run a deficit and distribute this money to the people in vicarious ways. This increases people's income as well as the government's debt, but lowers the overall debt burden. + +The balancing of the four methods is what creates sustainable deleveraging. If unbalanced, things can get real bad, real fast, and the situation takes longer to turn around. If the unbalance is left unchecked for too long, governments can collapse. Finding a healthy balance between Inflation and Deflation, by using the four methods above, is the only way to revamp the economy. Debts decline relative to income, real economic growth is positive and inflation is no longer a problem. The long-term debt cycle can now repeat itself. yay... + +As a side note, printing money does not increase inflation if it is offsetting falling credit. By printing money, the Central Bank can make up for the disappearance of credit with an increase in the amount of money. To do this properly, the Central Bank must print money at a rate that increases income growth to a rate higher than the rate of interest on the accumulated debt. This is the only way printing money improves the problem. + +&#x200B; + +Here's his free book. It cover's the same material as the video, but in a lot more detail and with examples: Principles for Navigating Big Debt Crises - [https://www.bridgewater.com/big-debt-crises/principles-for-navigating-big-debt-crises-by-ray-dalio.pdf](https://www.bridgewater.com/big-debt-crises/principles-for-navigating-big-debt-crises-by-ray-dalio.pdf) + +Here's a free economics textbook I found by Timothy Taylor: Principles of Economics - [https://assets.openstax.org/oscms-prodcms/media/documents/Economics2e-OP\_s2jF42u.pdf](https://assets.openstax.org/oscms-prodcms/media/documents/Economics2e-OP_s2jF42u.pdf) +Hi, + +This is a low cap stock, sorry if it's not allowed to be here. + +It's a liquor retailer in Alberta, Canada. + +They had liquidity problems due to high finance costs for a long time, but since a few years (2018) they seem to have turned it around. + +They closed a few stores to pay off the debt, made a rebranding of the stores and switch the strategy to low prices, lots of promotions to add market share. Since 2018, the stores had organic growth every quarters. At the end of 2020, they had their lowest count of stores, 26, and recorded their best sales since 2016. (I'm scared this number is big because of Covid) + +\- + +At the current price of 8 millions dollars (0.165/Share), + +47 millions in sales in 2020 + +1.5 million net income + +2.4 millions in FCF in 2020 and 250k in 2019 (2019 - Finance costs were 900k, now reduced by 50%) + +\- + +Is this a good opportunity at a discount? + +\- + +The risk + +\- What's the normalized amount of sales? I'm afraid that the 2020 number is this big because of Covid, no restaurants, no bars, this sure helped. However, the sales of the existing stores were growing organically in 2018, 2019. Even at 45 millions in sales, this would be enough to create positive FCF in my estimations. + +\- Same management, why would this time be any different? + +\- + +Thank you and any feedback is appreciated. + +Sorry for the low cap! +I don’t hold either positions below nor do I plan to. + +Take Tesla. Back 5-6 years ago, there were people flying planes in California with a sign trailing behind them “Buy TSLA Stock” to try to build a community behind the company. Gamestop is a more stupid example, but their community r/superstonk, regularly makes the front page of Reddit, even a year and a half after the first pump. + +Of course, fundamentals are the most important aspect of pricing a stock. + +Nonetheless, how do cult like communities in support of certain tickers factor in to your analysis of a stock? +Following on from u/hiendo181191's thread [here](https://www.reddit.com/r/AusFinance/comments/qiyxuh/what_is_your_age_and_how_much_do_you_have_in_your/), I plotted the 299 submitted Ausfinance superannuation balances by age, then compared the median balance with the [claimed median balances](https://www.abc.net.au/everyday/how-much-superannuation-should-i-have/100369262) by age from the Association of Superannuation Funds of Australia (ASFA). + + +Yes, it turns out that Ausfinance superannuation balances are about 150% higher than the population median. Reaffirming that (surprise, surprise!) we have higher net worth individuals here. + + +View comparison chart: [https://imgur.com/a/5JZlfZN](https://imgur.com/a/5JZlfZN) +I keep seeing people mentioning the cost of changing your name. The only costs come from replacing official documents (passport, driving licence etc). + +You can change your name simply by making a [written declaration](https://www.gov.uk/change-name-deed-poll/make-an-adult-deed-poll) and have it witnessed by two people. You can then show the document to your banks, your local Council (for council tax and electoral register), and anyone who issues you bills and voila. New name. + +You do *not* need a solicitor. You do not need to publish it with the Courts. Publishing it with the Courts will publish your address. +I was scrolling through Reddit today when on another subreddit, someone was discussing how difficult it is for them to clean when they’re so busy and someone else responded and said to “just pay someone else to do it” for them. It kind of caught me off guard because I’ve never thought of paying someone else to do a task of mine as a casual thing; usually it’s something I’d save for or would have to make a much larger income to make happen. I do not currently pay anyone to do any tasks around our house, but I dream of a world where I could. +Thetagangers, + + +I sold 3x CSP at the 35 strike, expiring on 11/19. +This play will yield a 42% return within 5 weeks. + +https://preview.redd.it/42l49349q8u71.png?width=1075&format=png&auto=webp&s=3f09f6ad2edfb6a4b9dfcbea767d938bbfcff5c1 + +CRTX has IV around 500%. + +https://preview.redd.it/hyhytdl7q8u71.png?width=885&format=png&auto=webp&s=7b7735035a8af79e82e19256be4dde3e5d8822a6 + +Even if I were assigned, I'd still have a hefty cushion due to the large premiums. +I understand the risk and the likelihood that this stock could tank over 50% in one day. +However, I'm a sucker for premium hunting and have done well the past year or so. + +Barchart highest IV FTW. + + +See you all in November. +Just looking at how this is all going and some of the tragic posts on this sub it feels like after this blows over there's going to be a half of society who kept their jobs & worked from home and who basically suffered very little impact - and the other half of society whose businesses folded, lost their jobs, wiped out their savings, maybe even become homeless and perhaps their entire business sector has been decimated with massively reduced job prospects. + +I'm thinking there's either going to have to be one hell of a stimulus/support package or, well, it's not going to be pretty. + +EDIT: Yes I know there's *already* a gap, I mean it's going to get much much bigger. +> President Donald Trump launched another barrage of criticism at the Federal Reserve, saying Saturday that the central bank is behind its global peers in the economic fight against the coronavirus. + +> **"I'm not happy with the Fed because I think they're following not leading, and we should be leading," the president said during a news conference to discuss the COVID-19 outbreak and the ongoing U.S. response.** + +> **Since the disease's spread has intensified, the U.S. central bank has enacted an emergency interest rate of 50 basis points, opened up a liquidity program to the bank to add up to $1.5 trillion to the financial system and started buying government debt across the yield curve.** + +> Trump said he is not yet looking at removing Jerome Powell as chairman, though he believes he has the right to do so. He has harshly criticized Powell previously, saying the Fed should be more aggressive in easing the stance of monetary policy. + +> **"I have the right to remove him. No, I'm not doing that," Trump said. "I also have the right to put him in a regular position and put someone else in charge, and I haven't made any decisions on that."** + +> Trump likely could move Powell out as chairman. Powell's term as governor runs until 2026; Trump would need cause to remove him from that position. + +> The Fed has little room left to cut rates after the intermeeting reduction nearly two weeks ago. Its policy rate is now in a targeted range between 1%-1.25%. Market pricing points to the Federal Open Market Committee taking the rate to near-zero, where it was during and after the financial crisis. + +> As he has in the past, Trump pointed to other central banks in Europe and Japan that have policy rates less than the Fed's. The president said that in some cases it is "two points," which is not accurate. + +> He also insisted that the U.S. could "refinance our debt very easily at a much lower rate." + +[CNBC](https://www.cnbc.com/amp/2020/03/14/trump-says-he-has-the-right-to-remove-powell-as-fed-chair-but-hasnt-made-any-decisions-yet.html) +https://finance.yahoo.com/news/top-10-tech-stocks-buy-161523185.html + +Jack Ablin, Chief Investment Officer at Cresset Wealth Advisors remains pro-big tech. His bull thesis: “People have to keep in mind that the five largest tech companies make more in earnings than the entire Russell 2000 combined, so this isn’t the internet bubble.” + +Michael Farr, president of Farr, Miller & Washington LLC contends that fundamentals are driving capital into big tech, and a divestment due to current headwinds would be “a sucker’s trade.” + +With all of that in mind, here are 10 tech stocks to buy for 2021: + +Google (NASDAQ:GOOG, NASDAQ:GOOGL) + +Microsoft (NASDAQ:MSFT) + +Intel (NASDAQ:INTC) + +Advanced Micro Devices (NASDAQ:AMD) + +Facebook (NASDAQ:FB) + +Amazon (NASDAQ:AMZN) + +Taiwan Semiconductor (NYSE:TSM) + +Apple (NASDAQ:AAPL) + +Salesforce (NYSE:CRM) + +Nvidia (NASDAQ:NVDA) + +Except for intel, all the tech stocks listed provide reasonable growth to investors. These tech stocks will not go away under a recovery economy. These companies keep innovating and achieving goals. The only stock that I don't agree is intel because it is not going into the right direction. +As the title says. I have been trying to get a good chunk of change into an emergency savings account just in case something goes wrong in life. But my habit? When I see the stock market tank, I always throw what I have in my emergency savings into the markets to get good entry prices. It always ends up draining my emergency savings. + +Sitting on cash pains me because I’m only getting 2% interest yearly when I feel that buying during market lows will more than likely have a higher payout, even if it is in 10 years time. I really want to have at least 3 months saved up in cash, but I don’t know how to stop the compulsive behavior of buying ETFs when the market slides. What will it take to correct this behavior, reality hitting me in the face some day? +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! + +Not sure what fee base account he will suggest in our upcoming meeting but is this a good move? Anything I should be aware of? Pro/cons? + +Update: They are no longer recommending a fee based account and actually want to move my Roth IRA from Hartford to a similar provider Voya. Their reason for the move Voya is that it offers more investment choices and no front end charges like Hartford charges (4.50% of each deposit). It does have an annual record keeping fee of 0.55%. What do you guys think? +Hello I have two 401k accounts from my 2 previous jobs and I would like to have them both under the same roof. I was thinking of rolling then into my current 401k plan but I don't know what would be best. + +Thanks in advance +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! + +Today on the AMD dip I started buying calls thinking it would bounce. I kept buying more and more averaging in thinking it would bounce. Obviously it didn’t and I lost over 7k. I am obviously not happy losing this amount of money in 3 hours. + +For some reason, I have trouble respecting and executing a stop. I know how important they are, and even tried to make a checklist to force myself to do it, but in the moment I just can’t. Today, I was so sure it would bounce. We know what happened. + +Does anyone else struggle with this issue? (Not being able to take a loss because you’re too stubborn or can’t admit you’re wrong and move on?). It is an issue I am really struggling to overcome. + +On another note, has anyone lost this much or more in one day? How do you deal with the losses? Feedback appreciated. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. 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Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +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. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Hedgies can’t win. The huge drops weren’t working. Now they seem to be trying the slow bleed but that lets the normies start to feel more comfortable getting in at these elevated prices. +Anyone saying RC buying BBBY is FUD is a shill or a complete dumbass. If you've read the letter to the board you'd know what RC really wants is to spin off the buybuy baby part of BBBY into a separate company. If this happens then every shareholder of BBBY would get a share of the new company for each share they own. They'd create 124 million shares of BABY and every shareholder of BBBY would get a matching share of BABY. This would force shorts to close because they can't provide the share of BABY to the shareholder of their synthetic share. This is exactly what we want for GME. I also think it will help GME because when BBBY runs GME runs because it's apart of the MEME basket. + + [Overstock CEO Patrick Byrne Names Steve Cohen And Mike Milken As "Sith Lords"](https://www.businessinsider.com/overstock-ceo-patrick-byrne-names-steve-cohen-and-mike-milken-as-sith-lords-2010-1) + +Wanna know who is associated with them? Aka [dumb stormtroopers](https://twitter.com/ryancohen/status/1503565469068009473) that targeted GameStop in 2019 + + +Leon Black teamed up with Sycamore Partners and TriArtisan Capital to put people on GameStop's board that they've used to crash other companies like [ColdWater Creek and PF Changs](https://www.linkedin.com/in/jim-bell-a125b77) after a [buyout rumor was going about them](https://web.archive.org/web/20190104194934/https://www.cnbc.com/2019/01/04/gamestop-shares-surge-12percent-on-report-it-could-announce-a-buyer-soon.html) + + +[He also lives the same place as Ken Griffin and the head of Goldman Sachs](https://imgur.com/pYuUE9w.jpg) read [more here](https://reddit.com/r/Superstonk/comments/ttnyrn/ken_griffin_citadel_steven_cohen_sac_capital_and/) + + + + + +It was rumored that Apollo Global Management was going to buy GameStop in 2019, so they got their friends to board the company and try to sink the ship and get their *specialty pennies on the dollar* of leveraged buyouts. + +>[Private equity firms interested in buying GameStop include Sycamore Partners and Apollo Global Management, people familiar with the matter told the Journal.](https://www.cnbc.com/2019/01/04/gamestop-shares-surge-12percent-on-report-it-could-announce-a-buyer-soon.html) January 2019, curiously when all this started. + + + +They did it to PF Changs with none other than Paulson & Co (the John Paulson that helped cause 2008) [(read more here)](https://www.reddit.com/r/Superstonk/comments/svl80n/were_in_2008_on_repeat_ill_show_you/) + +> Private-equity firms TriArtisan Capital Partners and Paulson & Co. Inc. have agreed to buy the heavily indebted P.F. Chang’s from Centerbridge Partners in a $700 million deal, according to a report by Bloomberg on Thursday, citing a notice to investors. + +> The deal, expected to close in the first three months of the year, is expected to take out all of the company’s $675 million in debt. + +> [Chang’s has $375 million in secured debt and another $300 million in unsecured bonds.](https://restaurantbusinessonline.com/financing/report-says-pf-changs-be-sold-investment-firms) + +Look who was at PF Changs when it happened + +> “We want to thank Centerbridge Partners for their strong support of P.F. Chang's. We are fortunate to have a partnership with Paulson and TriArtisan which will allow us to implement a collaborative growth strategy,” [Jim Bell, P.F. Chang’s CEO, said in a statement. “Paulson and TriArtisan bring financial strength and expertise that will allow us to grow our dine-in and off-premises channels both domestically and internationally."](https://www.fsrmagazine.com/chain-restaurants/firms-close-sale-pf-changs) + +> Credit Suisse served as Paulson and TriArtisan's financial adviser for the transaction and Ropes & Gray LLP and Kleinberg, Kaplan, Wolff & Cohen, P.C. served as legal counsel. + +&nbsp; + +Found the parent company + +> [TriArtisan Capital Partners is the merchant banking arm of Morgan Joseph TriArtisan LLC. TriArtisan makes investments in market leading companies in partnership with accomplished management, leading private equity funds and institutional limited partners.](https://www.cbinsights.com/investor/triartisan-capital-partners) + + +&nbsp; + +Apollo Global Management is invested. + +> [Leon Black’s Apollo Global Management has invested an undisclosed amount in preferred stock of Morgan Joseph TriArtisan, Bloomberg reports. The company has also registered its own brokerage, AP CM, to find clients and negotiate deals for its buyout and hedge funds.](https://www.institutionalinvestor.com/article/b150y606nn0nst/apollo-invests-in-morgan-joseph) + +> Apollo, with $67.6 billion in assets as of Dec. 31, 2010, may offer additional financing to the securities firm. New York-based Morgan Joseph TriArtisan, formed through the merger of Morgan Joseph and merchant bank, Tri-Artisan Partners, will help underwrite bond sales for companies controlled by Black’s funds. + +> [From 1977 to 1990, Black was employed by investment bank Drexel Burnham Lambert, where he served as managing director, head of the Mergers & Acquisitions Group, and co-head of the Corporate Finance Department.[12] Black was regarded as "junk bond king" Michael Milken's right-hand man at Drexel.[13] In 1990, he co-founded, on the heels of the collapse of Drexel Burnham Lambert, the private equity firm Apollo Global Management.[14][15] Notable founders included: John Hannan, Drexel's former co-director of international finance; Craig Cogut, a lawyer who worked with Drexel's high-yield division in Los Angeles; Arthur Bilger, the former head of the Drexel's corporate finance department; Antony Ressler, who worked as a senior vice president in Drexel's high yield department with responsibility for the new issue/syndicate desk; and Marc Rowan, Josh Harris and Michael Gross, who all worked under Black in the mergers and acquisitions department.](https://en.wikipedia.org/wiki/Leon_Black) + +Leon black is tied to Drexel, where he worked with Fred joseph. Drexel being Mike Milken's junk-bond start. + + +> [Fred Joseph bought into a firm founded by John Adams Morgan to establish Morgan Joseph, a middle-market investment bank that caters to many of the same kinds of clients as Drexel had. In 2011, the firm merged with Tri-Artisan Partners, a merchant bank, to form Morgan Joseph TriArtisan. Although the firm carried Joseph's name and he was part-owner, he was only co-head of corporate finance until his death in 2009. In 1993, the SEC barred him from serving as president, chairman or CEO of a securities firm for life for failing to properly supervise Milken. Morgan Joseph TriArtisan's chairman and CEO is John Sorte, Joseph's successor as president and CEO of Drexel from 1990 to 1992. ](https://en.wikipedia.org/wiki/Drexel_Burnham_Lambert) + +&nbsp; + + + +Sycamore Partners did this with Jim Bell at ColdWater Creek. + +> Sycamore Partners was founded in 2011 by Stefan Kaluzny and Peter Morrow.[3] [Before Sycamore, Kaluzny was a Managing Partner at Golden Gate Capital and was employed since the firm's inception.](https://en.wikipedia.org/wiki/Sycamore_Partners) + +> [July 9, 2012 (GLOBE NEWSWIRE) -- Coldwater Creek Inc. (Nasdaq:CWTR) announced the closing of a five-year, $65 million senior secured term loan provided by Golden Gate Capital, a leading private equity firm with extensive experience in the retail sector.](https://www.globenewswire.com/news-release/2012/07/09/272993/261557/en/Coldwater-Creek-Announces-New-65-Million-Financing-with-Golden-Gate-Capital-and-Reiterates-Second-Quarter-Financial-Guidance.html) + +> [founded in 1984 as a catalog retailer, ColdWater Creek went in to open stores nationwide. The company filed for Chapter 11 bankruptcy in spring 2014 with plans to liquidate and close it's more than 300 stores. Sycamore Partners subsequently acquired the ColdWater Creek brand and other intellectual property.](https://chainstoreage.com/coldwater-creek-calls-it-quits-least-now) + +Jim Bell, [ColdWater Creek - 2009 to 2014](https://www.linkedin.com/in/jim-bell-a125b77) + + +~~~June~~~ May 2019, months after the Apollo and Sycamore rumors. + +> [Frank Hamlin (now GameStop's chief customer officer) and former Tile Shop board member Chirs Homeister (now GameStop's chief merchandising officer). James Bell, former Wok Holdings CFO, meanwhile, steps into Lloyd’s former position as GameStop’s CFO.](https://www.gamedeveloper.com/business/gamestop-coo-and-cfo-rob-lloyd-steps-down-amid-executive-shuffle) + +> [In a press release, recently appointed CEO George Sherman said that the changes aim to “advance GameStop’s transformation as we work to position the company for the future and bring gaming culture and experiences to life in every community.”](https://www.gamedeveloper.com/business/gamestop-coo-and-cfo-rob-lloyd-steps-down-amid-executive-shuffle) + +More info confirming connections + +> [GameStop has hired Jim Bell as executive vice president and chief financial officer to fill his role. Bell was previously the CFO of Walk Holdings, which owns P.F. Changs and other restaurants. GameStop has also hired Chris Homeister as executive vice president and chief merchandising officer. Homeister previously led Best Buy’s gaming efforts.](https://gamedaily.biz/article/925/gamestop-shares-nosedive-after-quarterly-earnings-miss-analyst-expectations-by-90-million) + + + +>  P.F. Chang’s parent [Wok Holdings, owned by TriArtisan Capital Advisors and Paulson & Co.](https://www.institutionalinvestor.com/article/b1kzmp4qkx1wg7/Private-Equity-Owned-Restaurants-This-Is-the-Worst-I-ve-Ever-Seen-It) that *he was there to sell to them.* + + + + +&nbsp; + + +[Here's the debt contract signed by him](https://contracts.justia.com/companies/gamestop-corp-562/contract/107023/) + +Which ties these assets to the debt. + +* GAMESTOP CORP, + +* GAMESTOP, INC. + +* SUNRISE PUBLICATIONS, INC. + +* ELBO INC. + +* EB INTERNATIONAL HOLDINGS, INC. + +* GAMESTOP TEXAS LTD. + +* GS MOBILE, INC. + +* GEEKNET, INC. + +* MARKETING CONTROL SERVICES, INC. + +* SOCOM LLC + + +The year before all this, [is when ThinkGeek and their patents were merged with GameStop's](https://www.gamesindustry.biz/articles/2019-06-14-thinkgeek-moves-in-with-gamestop) + +> Gamestop subsidiary ThinkGeek will be shutting down its online gaming and pop culture clothing, accessory, and toy store and moving the bulk of its business into GameStop brick and mortar and online stores. + + + + +&nbsp; + +The other guy mentioned above, Chris Homeister, [was at best buy while this was happening](https://www.forbes.com/sites/larrydownes/2012/01/02/why-best-buy-is-going-out-of-business-gradually/) + +> Senior Vice President & General Manager - Merchandising + +> Best Buy + +> Apr 2005 - Sep 2012 - 7 years 6 + +Note: [he's also gone now too, July last year](https://www.linkedin.com/in/chrishomeister) + +&nbsp; + + +***Various external connections:*** + + + [This guy lobbies on behalf of Boston Consulting Group and TriArtisan Capital](https://imgur.com/rUMHjgJ.jpg) and [this one too](https://imgur.com/QorKZ96.jpg) link [found here](https://www.opensecrets.org/federal-lobbying/firms/lobbyists?cycle=2020&id=D000032355) + +&nbsp; + +Then there's [this guy and his list of leveraged to tits buyouts as a resume](https://peprofessional.com/2014/07/triartisan-capital-hires-scott-lemone/) + +> Scott Lemone, an investment banker with over 25 years’ experience raising capital for retailers, has joined TriArtisan Capital Partners, the merchant banking arm of Morgan Joseph TriArtisan.  Mr. Lemone will lead the firm’s investment activity in retailing. + +> “Scott has an outstanding background and knowledge of retailing that will be of great value in identifying opportunities and structuring transactions for our institutional investors,” said Gerald Cromack, Managing Director of TriArtisan Capital. + +> TriArtisan has been an active investor in the retailing sector, including investments in Paper Source, Sur La Table, and Claire’s Stores. TriArtisan also recently closed on an investment in TGI Friday’s, a casual dining company. + +> Mr. Lemone has advised on over $50 billion in value of mergers and acquisitions, and financings, in the retail space, including working with such firms as Lowe’s Companies, AutoZone, Sears, Petco, OfficeDepot, Dick’s Sporting Goods, and Best Buy. Mr. Lemone began his career at Kidder, Peabody and Co. in 1989, spent nine years at Merrill Lynch, including several as Retailing Group Co- Head, and was the senior retailing banker in the US for Lehman Brothers. Most recently, Mr. Lemone headed the Retailing Group for SunTrust Robinson Humphrey. + +&nbsp; + +This guy is tied to both TriArtisan Capital and Anchorage + +> Edward Grebow, 67, has served on our Board of Directors since September 2016. [Mr. Grebow also serves on the board of directors of Xenith Bank. He was designated as a nominee to our Board of Directors by ACMO-HR, LLC, an affiliate of Anchorage Capital Group, L.L.C. (“Anchorage”), pursuant to the terms of the Investment Agreement between the us and Anchorage. He is a Managing Director of TriArtisan Capital Advisors where he advises financial services, media and technology companies. Mr. Grebow joined TriArtisan in November 2013 after serving as President and Chief Executive Officer of Amalgamated Bank.](https://www.sec.gov/Archives/edgar/data/1143155/000119312517151965/d376034d10ka.htm)  Previously, Mr. Grebow was a Managing Director of J.C. Flowers & Co, a leading private equity firm focused on the financial services sector. Until June 2006, Mr. Grebow served as President of the ULLICO Inc. family of companies, including the $6 billion Union Labor Life Insurance Company. In 2002 and 2003, Mr. Grebow served as President of the Metropolitan Television Alliance (“MTVA”), a consortium of 11 New York Metropolitan Area Broadcasters seeking to rebuild the television and emergency services transmission tower destroyed atop The World Trade Center on September 11, 2001. Prior to joining MTVA, Mr. Grebow was Deputy President of Sony Electronics, Inc., and President of Sony’s Broadcast and Professional Company. Earlier in his career, Mr. Grebow served as Executive Vice President in charge of Operations at CBS, Inc., Vice President at JP Morgan & Co. Inc., President of JP Morgan Leasefunding Corp. and Chief Operating Officer and Executive Vice President of The Bowery Savings Bank. Mr. Grebow serves as a Director and Audit Committee Chairman of Diamond Offshore Drilling, Inc. and Alcentra Capital Corporation and as a Trustee of NY PBS station WNET. He has also served on the Board of Trustees of The George Washington University, the American Film Institute, Theatre Development Fund, Flowers National Bank and Panavision Inc. He was appointed by Governor Mario Cuomo to the New York State Hospital Review and Planning Council. + + +&nbsp; + +Check out what happened at the same time + +> [Lance Milken, the son of one-time “junk bond king” Michael Milken, has departed Apollo Global Management, the private equity group that was founded by former colleagues of his father, to set up a family office.](https://www.ft.com/content/18f6d2e6-1f64-11e9-b126-46fc3ad87c65) + +> The younger Mr Milken, 43, was a senior partner at Apollo in its core private equity business, which manages $72bn. + +> [A Wharton School graduate like his father, Mr Milken joined Apollo in 1998 as a junior investor.](https://www.ft.com/content/18f6d2e6-1f64-11e9-b126-46fc3ad87c65) + +&nbsp; + +I'm of the firm belief, the 140% short was part of this plan, and everyone holding short positions from 2019 to 2021 should be investigated for connections to these guys. + +Pretty easy connection as to how Steve Cohen got involved (Milken), Ken Griffin (Milken), Anchorage (listed above), who else is connected to Apollo, Drexel or this scheme? + +Read that line again.... + +> Leon Black’s Apollo Global Management has invested an undisclosed amount in preferred stock of Morgan Joseph TriArtisan, Bloomberg reports. [The company has also registered its own brokerage, AP CM, to find clients and negotiate deals for its buyout and hedge funds.](https://www.institutionalinvestor.com/article/b150y606nn0nst/apollo-invests-in-morgan-joseph) + +&nbsp; + +George Sherman was at Best Buy the same time as Chris Homeister. Direct ties..... he rehired the guy from Best Buy that was [doing this under his watch.](https://www.forbes.com/sites/larrydownes/2012/01/02/why-best-buy-is-going-out-of-business-gradually/) + + + ***George Sherman*** + +> Senior Vice President Services + +> Best Buy + +> [Jun 2009 - Mar 2013 - 3 years 10 months](https://www.linkedin.com/in/georgesherman) + + +***Chris Homeister*** + +> Senior Vice President & General Manager - Merchandising + +> Best Buy + +> Apr 2005 - Sep 2012 - 7 years 6 + +Nvm, Sherman was helping him. + +> George Sherman, who oversaw Geek Squad for Best Buy, has left the electronics retailer after nearly four years on the job, according to a Star Tribune report. + +> [Best Buy also laid off 600 Geek Squad employees last summer as part of a restructuring of the division.](https://www.bizjournals.com/twincities/news/2013/03/13/best-buy-geek-squad-george-sherman.html) + + + +&nbsp; + +The current group tearing apart Chewy [is BC Partners](https://imgur.com/a/d1BCbd8) + + + +[Have you seen Chewy's board now?](https://investor.chewy.com/governance/board-of-directors/default.aspx) + +> Mr. Svider currently serves as Partner and Chairman of BC Partners and as Chairman of the Executive Committee of BC Partners. + +> Prior to joining Chewy, Mr. Singh held senior leadership positions at Amazon, where from 2015 to 2017, he served as Worldwide Director of Amazon Inc.’s Consumables businesses (fresh and pantry) and, from 2013 to 2015, as General Manager for Amazon, Inc.’s + +> Mr. Ahmed currently serves as Partner at BC Partners, as a member of the Executive Committee of BC Partners, and as the firm’s Chief Administrative Officer. + +> Mr. Chang currently serves as Partner at BC Partners. Before joining BC Partners in 2009, from 1999 to 2009, Mr. Chang served as Principal of JLL Partners, LLC. + +> Ms. Dickson has been Chief Financial Officer and Chief Administrative Officer of Lehman Brothers Holdings Inc. since January 2016. + +> Mr. Kim currently serves as Principal at BC Partners. + +> Mr. Leland currently serves as Managing Director and Head of Capital Markets at BC Partners. Since 2019, Mr. Leland has also served as Chief Executive Officer of BC Partners Securities LLC, a registered broker dealer in the United States. Before joining BC Partners in 2018, from 2000 to 2018, Mr. Leland served at Citigroup Inc., most recently as Managing Director in the Capital Markets Originations Group, with a focus on leveraged finance. + +> Mr. Nelson currently serves as Chief Executive Officer of Global Net Lease, Inc. (NYSE “GNL”), a publicly-traded real estate investment trust, a position he has held since July 2017, and has served, since March 2017, as a director of GNL. + +> Ms. Sibenac currently serves as Managing Director at BC Partners in Portfolio Operations. Before joining BC Partners in 2017, from 2012 to 2017, Ms. Sibenac served in management positions at Amazon, Inc., and, from 2003 to 2010, she served in technical and commercial leadership roles at Lockheed Martin Corporation. + +> Mr. Star currently serves as Executive Chairman and Investment Committee Chair of Longview Asset Management LLC (‘‘Longview’’), a multi-strategy investment firm that invests on behalf of individuals, trusts and charitable foundations. + + +&nbsp; + +[Apollo bought Yahoo](https://www.apollo.com/media/press-releases/2021/09-01-2021-161530593) + +Right after [yahoo "had glitches"](https://www.reddit.com/r/Superstonk/comments/pm1trq/smooth_brain_math_yahoo_finance_float_glitch/) showing there's 305 million shares in circulation + + +&nbsp; + +They also just [merged with an insurance company](https://imgur.com/3LtfKR4.jpg) trying to guarantee that bailout. +We all want to support our favorite company, when you buy a new game please please get the GPG or the protection, so if anything happens to it, chip it, scratch it break it, stops working we will just give you another copy and save you how ever much you paid for it. Since that is pure profit since most new games are bought and sold at retail. (unless we get a small discount for buying games in bulk. But i do not know ) + +&#x200B; + +pro card is another big thing as well. plus you get the $5 off anything each month on top of that you earn 20 points for every dollar you send which can be used for coupons. (i myself am sitting on a $35 dollar off coupon) + +&#x200B; + +PRP or product replacement plan is the same thing as above except for controllers/headsets/ systems so if anything happens to it, we give you a new one. + +Now each district is different, by mine for example every day my store needs to hit: + +35%+ on GPG + +17%+ Pro cards + +50%+ on PRP + +If we do not hit these we do get in trouble, i myself got written up because i was struggling with my numbers in the start of the year. So if you have a favorite store or employee just somethings to consider. I once had a customer come in and ask if there was anything he could do to help me because he liked the stock. He did not have much money but i was like you can get some of the cheap sports games and with replacement on them and that would help me a lot. So he bought 5 of the cheap sports games like Madden 18, NBA2k17 etc etc and he spent $10 since those games are like $1 each. So those GPG put me over 65% for the day which made my day and he was going to give one game to his older brother, one to his younger brother and one for himself and he was not sure about the other two. So just somethings i figured i would share with you since i see a lot of posts from shopping at the best store around. + + +**The new stimulus** + +My quick notes if it helps. Please read from more sources as I had to write and listen at the same time. + +**3 parts** + +Doubling of the job seeker allowance + +Waive the asset test and waiting periods + +Corona virus supplement – extra $550 per fortnight + +Maximum = $1100 per fortnight + +$750 another time. 1st July – Aged pension and few others = 5.2M people + +900,000 social security receivers will get more money + +From April – can take 10k from your super, x2, one this FY and one next FY – benefit receivers and soul trader with 20% drop in revenue + +Online application + +Retirees only have to draw down 2% of assets instead of 4% + +**Business** + +Cash payments in SMEs. All businesses will get min $20k. under $50M revenue. + +Large SMEs will get up to $100k. + +Also includes charities under $50M revenue + +Single largest measure in the second package + +It worth 31.9Bn with first package and this package combined + +Automatically paid in the next 6 months. No forms. First payment 28/4! + +Injecting money into the markets. To reduce the cost of credit + +Guaranteeing loans to businesses from April. + +3 of up $250k for 3 years. No repayments for 3? months + +**Regulatory protection against bankruptcy** + +Missed a bit here. Mainly around slowing bankruptcy. + +Release directors from personal liability from trading while insolvent for the next 6 months. +I have been investing for the past decade primarily in index funds, but recently decided to take a closer look at my portfolio to see if I could make some improvements. After weeks of reading about various investment vehicles, I am not understanding why REITs are not a much bigger part of people's portfolios. I have found at least ten REITs that have been providing dividend returns of over 13% for years. With the S&P 500 returning about 9-10% over long time frames with high degrees of variability, why are people not invested much more heavily in REITS with high dividend returns? I have to assume there is something I'm not understanding here since most of the advice I have recieved is to stay heavily in index funds, so any help is appreciated. + +Edit for background: I left my career to attend medical school and become a surgeon, so I have some money saved up, but I won't be bringing in much salary for the next decade or so while I complete my education and postgraduate training, so I don't think taxes are as big of a concern for me. + +Edit 2. It looks like I made a mistake in analyzing these REITs. The current percentage is around 13, and they have been providing the same dividend per share, but historically the prices of the shares were higher, leading to dividend percentages being much lower in the past. Still, does that mean it is a good time to buy? +I invested in a company that builds and manages smaller Marriott properties. Something along the lines of Courtyard by Marriott or Springhill Suites. Each hotel is incorporated into a LLC and broken up into $50k units for individuals to invest. The management company takes their management fee, about 120k a year, and investors get a return on their cash. For the past 2 years, I've been getting at 8-12% return on my money. + +However, as a bonus, you get to be a Marriott Associate to take advantage of discounted rates. Certain nights is up to 50-80% off normal room rates. You can go to Marriott.com and type in MMP as the promo code and you can see the discounted rates that are offered. I stayed at the Westin Maldives for 99 USD a night, and recently they let associates take advantage of their loyalty program, so with platinum status, sometimes I get upgraded to a suite. You can also pass the associate rate discount to direct family (children, brothers, sister, mom, dad, mother in law, father in law, spouse). Food is also discounted up to 60% off. For an example, recently I stayed at Marriot Marquis in Bangkok which gave associates 60% off the daily breakfast buffet. Probably the best breakfast buffet I've ever had. If you travel a lot and take the discounts into consideration, I feel like buying into a Marriott franchise is well worth it. + +Before I had my associate rate, I usually go to hotels.com and try to spend less than 150 USD a night. But now, I've stayed at fancy tropical resorts (Maui, Bali, Maldives), JW Marriots, Ritz Carltons, W's, and St. Regis in multiple cities around the world. It's honestly been quite amazing. I mean sure, one could say that you could make a higher return on the 50k in the stock market, but it's nice being able to stay at 5 star hotels for a steal. + +~Edit~ + +I have emailed my contact already. He's the Director of Operations so may be slow to respond. Hang in there. I will give him a call if he doesn't reply to back to me. + +~Edit~ +Finally got back to me. On Vacation and will call me monday +A group of friends and I have been investing for awhile and each of us has their own 'area' they focus on. In general for you own portion of capital in a sector you will defer to the opinion of the 'specialist' on where to invest it, and they to you for whatever you specialize in. There are also friends who follow along with us but do not have the time to research anything and so do not provide insights. + +This got us thinking, wouldn't it be convenient to just pool our money in a club and let everyone handle their specialty independently but the effects would be felt collectively. John handles all the healthcare investments, Brian the banking, Steve the tech, etc. From what I have read on investment clubs its pretty clear that those who would actually manage investments can all form a club together and we wouldn't need any sort of licensing. The question comes in with the silent members who do not research or invest themselves. If we had 4 people making the decisions and 6 whose money was in the partnership but they made no input, would this mean the 4 'managers' need licensing? + +Furthermore, if we were to divide the partnership in a way that the active members received more through ownership means, would this break the rules for an investment club? Ex: Brain and Steve form an investment club and both contribute $50,000. Brain manages and makes all investment decisions so he gets a 60% interest in the LLC while Steve gets 40%. From my own understanding and research it seems this should be allowed under 'sweat equity' rules but I know investing is subject to special stipulations. + +And yes, I am aware of the old 'never invest your friends money' saying but we are all adults' with experience and this represents a tiny fraction of each of our net worth's. Appreciate any input! +Every time one of these things gets censored, it makes me more sure that "anything but Core" might be the right answer. + +If you don't let discussion happen, you've already lost the debate. + +Edit: this is the thread that was removed. It was 1st or 2nd place on front page. https://archive.is/UsUH3 +Do you ever have those times when you are sure about your strategy and when you finally place your order, the trend starts to go in the opposite direction? We traders face this all the time. Some people give up and exit there positions without any logic other than they are losing their trade. The strong ones stay in their trade because they have seen situations like this before. The only way they exit is if there is a logical not emotional reason to exit. This is the small percent of traders that end up doing this for the long run. This market messes with you all the time. You must keep your emotions out of it. This why trading psychology is more important than you set up. +https://www.cnbc.com/2020/05/26/jamie-dimon-says-jpmorgan-is-a-very-valuable-company-at-these-prices.html + +JPMorgan Chase shares rose Tuesday after CEO Jamie Dimon called the biggest U.S. bank "very valuable" at the current price. + +"I think JPMorgan is a very valuable company at these prices," Dimon said in response to a question at a virtual financial services conference about the New York-based bank's valuation. + +Dimon added that was hopeful that his "base case" for the economy would occur, which would include improving unemployment and other metrics in the second half of the year after hitting almost 20% in the second quarter. + +JPMorgan shares surged 7.9% to $96.58 after Dimon made the remarks. +https://www.cnbc.com/2020/05/26/jamie-dimon-says-jpmorgan-is-a-very-valuable-company-at-these-prices.html + +JPMorgan Chase shares rose Tuesday after CEO Jamie Dimon called the biggest U.S. bank "very valuable" at the current price. + +"I think JPMorgan is a very valuable company at these prices," Dimon said in response to a question at a virtual financial services conference about the New York-based bank's valuation. + +Dimon added that was hopeful that his "base case" for the economy would occur, which would include improving unemployment and other metrics in the second half of the year after hitting almost 20% in the second quarter. + +JPMorgan shares surged 7.9% to $96.58 after Dimon made the remarks. +Hello everyone, I’m new to this sub and I’m quite interested in investing in quantum computing. This [article](https://frontierresearch.com/quantum-computing/?r=1) piqued my interest and I was wondering if this is a good time or if it’s still too early. So some backstory, 6 months ago I saw Honeywell International (HON) mentioned in relation to quantum computing. That got me looking more into the topic, as I had always thought QCs were decades away. But apparently, companies are already developing small quantum computers for commercial use (beginning of another Moore’s Law??). + +I’ve browsed different stock-related subreddits but I don’t see this topic mentioned often. That also makes me wonder whether it’s still too early for QC-themed investments or whether people are just sleeping on it. I’m already invested in big tech companies like Amazon or FAANG stocks in general, so I’m really looking to add stocks with higher long-term upside. + +Any suggestions or advice is appreciated! +I have searched the internet but I am not having a lot of luck finding good advice for my situation. As this is a community that probably buys expensive houses, I'm hoping you can help me out. I am living in a VHCOL area, and my wife and I are looking to buy our first home in the next \~2-5 years (we can be somewhat flexible). Homes around me start at \~1 million dollars, so we will likely need at *least* $200,000 for a downpayment (more if we want a bigger home). Right now, we have \~$160,000 in a taxable account for a downpayment, and we add an additional $2000 per month. We both make good salaries, and we could potentially put an additional $6000 per month towards the house if we needed to but it currently goes to tax-advantaged retirement accounts. In July 2020, I am very likely (>95%) to get a salary increase of \~$6000/month that will mostly be put towards the house as well. + +&#x200B; + +Given all that, where would you keep the $160,000+ dollars for the time being? It seems like a waste to keep it all in cash, but if there were a large recession and we couldn't buy a house when we wanted to (and prices were low) that would be a big bummer. We are also thinking about starting our family soon. What do you think about a large percentage in a bonds ETF? + +&#x200B; + +I'm sure others have faced this scenerio, but I haven't found a lot of specific guidance for these high downpayment amounts. Most websites advise you to hold a downpayment in cash, but that usually assumes \~$30,000 - $40,000 saved and a lower income generating ability. Thanks in advance for your advice. +Hey guys. I rent out a 2BR unit with a garage in the eastern suburbs of Adelaide. I currently rent it out for $300 a week. Last rent price hike was $10. In the last year I have replaced the Split System and redone the entrance tiles. The tenants are really good and I have no issues with them. I think $125 is way too high. I was thinking maybe $30 what are you thoughts. I have checked surrounding rentals and they are asking for $425 and more. Thanks in advance. + +Edit: thanks for all your advise. I will raise the rent but not at the full amount. +I am looking at a marketing package and am looking to develop a framework/system for finding the value add opportunities in the deal.  + +In the marketing package, I am looking at right now all 4 units are 1 bedroom/ 1 bathroom with a front and back door and balcony space. + +In total the property commands 3340 Sq Ft - Which equates to 835 Sq Ft Per unit. I know that this means I can add another bedroom because bedrooms are typically 200-250 SQ Ft.  + +I believe 2-bedroom units are always more in-demand, easier to rent and the difference in rental income is very significant.  It takes a very insignificant amount of time and money to paint 1 more bedroom. + +Overall - I am looking to develop a framework for the top elements to look at in these marketing packages that I can identify as value add opportunities. + +I hope this all makes sense - Thank you in advance! +I am currently taking a class about financial planning and the project is to write about our credit report. In order to submit it and receive full credit, I have to upload my credit report as well. After going through about three pages worth of security questions just to obtain it, I feel like he shouldn't be able to just say we need to upload it. Is this safe? Am I just overthinking this? + +EDIT: thank you all so much for advising on what I should do! I submitted the assignment with proof that I obtained the report and that was all I needed. Misunderstanding on my end so no issues here! +I’m 41 my partner is 30, we have been saving our money and recently hit 22k in our savings account. I’d like to invest in something however I am completely ignorant to money and anything financial. Any advice on how to grow our money safely? +Hey just wanted to know how you guys deal with taxes. I do a wheeling strategy (I think) selling naked puts and covered calls and sort of do the Thetagang strategy except I only deal in weeklies. Started last december and been doing it all year pretty successfully and am wondering how its going to effect my taxes. I know its short term gains and will be taxed as normal income. Just wondering if anyone has some good input or considerations for me. +As per my title, within the last 3 months my partner (25F) has gone self employed and on track to make around £80-100k this year with a very very niche line of work. + +I, work as a healthcare assistant and earn £9.74 per hour, currently about to finish an online access course to nursing. + +Ever since she started her work, it’s been great for us.. but it’s making me feel like a failure! Before she worked in a cafe, and we would work 60+ hours to make it work and managed to buy a house etc. I was planning on studying to become a nurse, but now the pressure of bringing in more income is getting to me, I opted out of applying for university this year, to really think about how I can earn more money for us. + +The stress of our income difference is heavily bothering me, I have no motivation to work a 12 hour shift for £100, when my partner can go and make £100 an hour, I feel like an absolute failure. How do others deal with the feeling like crap compared to you partners? + +Also, in regards to my career, I feel stuck in a rut, I have not many skills, only GCSE English and Maths at grade C, I just found out that apprenticeships are out of my reach due to not being 18-24.. entry roles normally require 5 GCSES. I’m lost with how to get a decent job, that can eventually pay well or I could atleast gain some valuable skills!? + +How does an adult, with gaps in their CV due to years of travelling, with very little skills, get on the right path to a decent career? + +Thanks UKPF + +EDIT - Thank you everyone, I received some solid advice in response to MY emotions and how I feel, aswell as some great career advice that I will definately be following up and looking into. I really appreciate it! +I have been invested in Quant active fund for the past 3 years and they have been nothing less than excellent. Even if we take out this exceptional bull run from the equation it, the returns are still great and on top of the industry. Then why is it so less talked about. Is the company fishy or is there something I'm not seeing. +I'm planning to hold the fund in a debt fund(HDFC Short Term Debt Growth Direct Plan) and then trigger STP towards the below funds. + + +1. UTI Nifty Index Growth Direct Plan -10 +2. ICICI Prudential US Bluechip Equity Growth Direct Plan - 40 +3. Axis Bluechip Growth Direct Plan -25 +4. Axis Long Term Equity Growth Direct Plan -25 +So the last SGB tranche was issued on 30th August 2022. RBI issued these bonds at a discount of Rs 50 per gram of gold. However, it seems that these bonds are for sale on Kite as well. I just wanna know the drawbacks of buying gold this way, because it seems too good to be true. + +1. Suppose i buy the bond now, will i get the 2.5% interest corresponding to this half of the financial year? Since interest is credited semi annually and annually. I'm just interested to know how the rbi will know that i now own these bonds having bought them on kite. Also, i can take advantage by buying the bonds like a few days before first interest payment so that I can put that money elsewhere for the first 6 months. + +2. Why is there a discount? Like, there must be a reason the seller is selling the bonds for less than what he bought it for from the RBI (apart from a short term fall in gold prices). Or is this a "free lunch"? + +3. I can sell these bonds anytime i want right? Unlike the minimum 5 years and maximum 8 years prescribed by RBI if i buy the bonds from there. Which means the only disadvantage of SGB over Gold MFs, i.e. the soft lock in period, now disappears. + +4. Will i still get a ltcg tax exemption if i sell the bonds on maturity after 8 years, as is the case for direct purchase? If so, how do I claim this deduction, given that the entire transactions take place on kite, making it possibly difficult for rbi/itd to know that this particular capital gains transaction is tax free? By simply not including it in my tax return? + + +5. (Edit) since the bonds were issued from the same tranche, no matter when I purchase them, the maturity WILL come in August 2030 with a tax free return right? And this sale on maturity will be to the RBI right (as opposed to selling them on kite). + + +Would also appreciate any pointers on the very idea of buying SGB. I have a moderately high risk appetite given that I'm living in my parents home at a young unmarried age. But i wanna hedge the possibility of markets falling with the resultant gold price rising, guaranteeing that i do not lose much money in the long term. I feel SGBs are the best way to buy gold, thanks to the interest and the rbi provided discount on the price of gold. Thanks in advance. +As a novice investor and somewhat experienced UX Designer, when i saw tickertape i was really amazed with the experience. There are some ups and downs to it according to me. I was thinking to make a side project of redesigning it and as this is a great place to interact with investors i would love to know your experience with the website and what challenges you face and what you like about it. Also, Would you recommend some other product over it for other investors? + +Edit 1: If any of you guys could give a specific comparisons to others screeners like tickertape, you are welcome to. I'd love to get as much information as possible. + +Edit 2: One thing i forgot to ask, they have a "beat the street" section which seems like a great incentive to attract and fixate people. But does anybody know how are they making up for the amazon vouchers they are giving away to 100's of people everyday? +Please let me know if you are using Zerodha's Coin or Kuvera. I need to know which of these will be cheaper for holding MFs (basically, I just want to put spare cash in some liquid funds). + +&#x200B; + +I have a demat account with Zerodha, so am considering using Coin. The website says "zero charges", but I'm not able to see if there is any hidden fee. Zerodha's customer service is terrible too (experience), so asking here. +Russia's government has attempted to peg Ruble's value to gold. It has not yet announced that Ruble is backed by gold, but the Russian central bank has said it will exchange ruble with gold and vice versa for a fixed rate. This has resulted in Ruble's value stabilising, and is now above the levels before the start of its invasion. + +[Ruble is trading above invasion day levels. ](https://preview.redd.it/bx4b6y28guq81.jpg?width=1385&format=pjpg&auto=webp&s=e4e3f1bdc1e15d29d300195e79d469e3ca98379c) + +Using Gold , they are sidestepping sanctions. Yet I cannot find any chatter of how gold is being used to side step sanctions, by the usual talking heads like Elizabeth Warren who tried to make a case that crypto could be used by Russia. She even brought out some Act in Congress agains this.. but Russia is actually using gold, and she is silent as a mouse on this issue. Does she love her gold jewellery so much that she cannot bear to see it being linked with the enemy using it for nefarious purposes? + +They just want to make a worst case scenario for everything related with crypto, and are willing to disregard what is actually happening. Where is the "Protect Gold From Enemies" Act ? + +Russia has not used crypto whatsoever, yet hundreds of articles and forums were keenly discussing just the possibility. In many places you couldn't reason with the mob that Russia cant use crypto given they cannot even access liquid exchanges that are all based out of the West. No one cared, everyone used it as an occasion to smear crypto. + +Now that Russia's government is using gold, all of these people are silent. It is fine to use gold ,but if they use crypto then they will raise their voices? The levels of hypocrisy are off the charts. + +Source for Russia central bank using Gold at a fixed rate: [https://www.kitco.com/news/2022-03-28/Russia-sets-fixed-gold-price-as-it-restarts-official-bullion-purchases.html](https://www.kitco.com/news/2022-03-28/Russia-sets-fixed-gold-price-as-it-restarts-official-bullion-purchases.html) +Hey guys, + +I found upShib earlier and I've just been watching that monster grow. + +They haven't even been out for 16 hours and as a Doge/Shiba coin I feel like they are really garnering a lot of traction. + +[https://bscscan.com/token/0x795d38678d5a3f7ad80dded5e27644e9c0352904](https://bscscan.com/token/0x795d38678d5a3f7ad80dded5e27644e9c0352904) + +Ethereum has had it's plays but I believe more than a few of these meme doge coins are going to really circle around to Binance Smart Chain and take things over. There is a lot of money pouring into BSC as we all know and solid teams with good roadmaps that are actually accomplishing objects tend to go far. + +They have like a quad-trill supply base so it's 1e-12 \[1,000,000,000,000\] in total supply + +they initial private sellers had their tokens vested and anti whale measure were set in place so no one can really take advantage. No whale gameplay and from what I see is a very attractive price floor at 3mc. + +This thing has the legs to run. + +It has reflection tokenomics so wallet holders are rewarded and the liquidity pool is forever feeding off the transactions. + +With what the team is pulling off, I put my faith in them. + +the telegram is [https://t.me/upshibofficial](https://t.me/upshibofficial) and the contract was posted above. +Just goes to show that crypto moves extremely quickly and it's easy to get left behind. + +DCA and hodl is the way!! So excited for the next year, and hope we can all look back at today with the same kind of wonder 🚀 +With interest rates at an a low time, seems to me more vital than ever to rinse anything that gives you a little bit of extra cash in your pocket. To be clear I'm not talking about an extra job or one of those 'earn £1000's a week' things. Just little things that take very little time that give you a few extra quid a week/month that you wouldn't have got otherwise. + +My ways: + +1. Earning cashback from money saving expert energy switch, £50 this year (after 2nd suppliers prices went up) + +2. Topcashback - after switching broadband provider and breakdown cover, set to earn £170 this year alone. Obviously these things cost more than that amount, but they're both things I would have done this year anyway. + +3. Google rewards surveys - for android users. Google sends you surveys that you can then use as google play credit. Earned £8 this year. + +4. Cashback credit card - honestly don't get way people still bad mouth Amex cards, yes they aren't accepted everywhere, but it's certainly most places I visit. I've earned usually £50 in cashback each year. + +What are your little ways? +Dear Apes - we made it. + +My dad’s German broker account went from 8 to 32 shares just 10 min ago! +This is a depot at Sparkasse. + +This is for WKN A0HGDX. + +I’m not sure what will happen to the price. +It still shows 149.32€ per share. + +Let’s see what happens at market open tomorrow. +Dear Apes - we made it. + +My dad’s German broker account went from 8 to 32 shares just 10 min ago! +This is a depot at Sparkasse. + +This is for WKN A0HGDX. + +I’m not sure what will happen to the price. +It still shows 149.32€ per share. + +Let’s see what happens at market open tomorrow. +I apologize if this is a stupid question, but it's something I genuinely want to know. + +I understand the problems with inflation. Your money becomes less valuable over time. If you keep a chunk of money in a non-interest-bearing account, it bleeds value. But as long as inflation is relatively low, economists don't seem to have a problem with it. + +One of the objections I've seen to a gold standard is that it will lead to deflation, because the supply of gold is relatively fixed, but GDP rises over time. I've seen the same objection about BitCoin. The people who make such objections act like deflation is incredibly horrible. My question is, why is slow deflation considered so much worse than slow inflation? Wouldn't the market react by using smaller and smaller increments of money (i.e. mills instead of cents)? What am I missing? +I had two hospital stays last year totaling 6 days that I later, in December, received the bills for. I had an actual panic attack when I opened them and saw balances that totaled $14k and change. It made no sense because I’m fully insured with Highmark BCBS, the best high premium plan that my company offers, as I have a chronic illness. I basically had a breakdown and realized that the next 3 years of my income were a wash, and my plans to build a savings were over. + +I’ve been calling Blue Cross, the hospital billing departments, over and over for 3 months. I had to comb over the Explanation of Benefits and coding on each charge. I asked BCBS to reprocess each, called the providers to confirm their coding was correct. I had to write and send two letters USPS for appeals. On Friday, the billing department at one told me, like no big deal, “Oh yeah, you don’t owe anything. Blue Cross didn’t accept the coding. We sent your bills to local when they should have gone to your out of state insurance. They reprocessed, and you’re all set.” No notification from insurance, no letters in the mail yet. + +I still have to call the other hospital and confirm that they’ also have a 0 balance. But finally, after months of stress and trying to make a second job work, I can stop worrying and get back to my financial plan. + +Always check your medical bills, question them, and don’t be afraid to be aggressive. +In response to [this thread](https://www.reddit.com/r/AusFinance/comments/czv2ss/150300k_salaries/), I managed to get some data from seek for $150k+ jobs. This is full time, for any location in Australia, the total number and percentage of the overall job market for jobs paying $150k+. You could definitely get some more interesting data from it, like location, or trends over time, but it's a start. + +If anyone's got any ideas or requests for data sets, let me know. + +Classification |# |% | +:--|:--:|:--: +Information & Communication Technology|2187|10.10% +Construction|1449|6.69% +Healthcare & Medical|1063|4.91% +Mining, Resources & Energy|949|4.38% +Engineering|882|4.07% +Legal|636|2.94% +Sales|532|2.46% +Accounting|445|2.05% +Banking & Financial Services|413|1.91% +Government & Defence|313|1.44% +Manufacturing, Transport & Logistics|235|1.08% +CEO & General Management|233|1.08% +Education & Training|209|0.96% +Marketing & Communications|208|0.96% +Real Estate & Property|205|0.95% +Human Resources & Recruitment|200|0.92% +Consulting & Strategy|179|0.83% +Insurance & Superannuation|99|0.46% +Trades & Services|86|0.40% +Science & Technology|72|0.33% +Design & Architecture|63|0.29% +Community Services & Development|39|0.18% +Retail & Consumer Products|38|0.18% +Hospitality & Tourism|21|0.10% +Farming, Animals & Conservation|20|0.09% +Advertising, Arts & Media|19|0.09% +Administration & Office Support|14|0.06% +Call Centre & Customer Service|10|0.05% +Sport & Recreation|10|0.05% +Self Employment|3|0.01% + +---------- + +Sub-Classification |# |% | +:--|:--:|:--: +Construction: Project Management|603|5.57% +Healthcare & Medical: General Practitioners|492|4.55% +Information & Communication Technology: Developers/Programmers|346|3.20% +Mining, Resources & Energy: Mining - Engineering & Maintenance|295|2.73% +Construction: Foreperson/Supervisors|275|2.54% +Information & Communication Technology: Architects|270|2.49% +Information & Communication Technology: Engineering - Software|258|2.38% +Engineering: Civil/Structural Engineering|233|2.15% +Mining, Resources & Energy: Mining - Operations|230|2.13% +Information & Communication Technology: Programme & Project Management|217|2.00% +Sales: New Business Development|197|1.82% +Information & Communication Technology: Consultants|192|1.77% +Accounting: Financial Managers & Controllers|189|1.75% +Information & Communication Technology: Management|182|1.68% +Banking & Financial Services: Compliance & Risk|180|1.66% +Construction: Estimating|177|1.64% +Government & Defence: Government - State|153|1.41% +Information & Communication Technology: Security|149|1.38% +Sales: Management|143|1.32% +Healthcare & Medical: Medical Specialists|139|1.28% +CEO & General Management: General/Business Unit Manager|137|1.27% +Construction: Contracts Management|132|1.22% +Sales: Account & Relationship Management|132|1.22% +Information & Communication Technology: Sales - Pre & Post|128|1.18% +Construction: Management|118|1.09% +Legal: Corporate & Commercial Law|113|1.04% +Engineering: Electrical/Electronic Engineering|110|1.02% +Engineering: Project Management|104|0.96% +Information & Communication Technology: Business/Systems Analysts|102|0.94% +Legal: Generalists - In-house|98|0.91% +Real Estate & Property: Retail & Property Development|95|0.88% +Mining, Resources & Energy: Management|86|0.79% +Engineering: Systems Engineering|76|0.70% +Healthcare & Medical: Dental|76|0.70% +Manufacturing, Transport & Logistics: Management|74|0.68% +Engineering: Management|72|0.67% +Legal: Litigation & Dispute Resolution|69|0.64% +Consulting & Strategy: Strategy & Planning|68|0.63% +Government & Defence: Government - Federal|68|0.63% +Healthcare & Medical: Medical Imaging|66|0.61% +Information & Communication Technology: Networks & Systems Administration|66|0.61% +Mining, Resources & Energy: Health, Safety & Environment|66|0.61% +Legal: Construction Law|64|0.59% +Education & Training: Other|62|0.57% +Engineering: Project Engineering|62|0.57% +Healthcare & Medical: Pharmaceuticals & Medical Devices|62|0.57% +Human Resources & Recruitment: Consulting & Generalist HR|60|0.55% +Information & Communication Technology: Other|58|0.54% +CEO & General Management: CEO|57|0.53% +Information & Communication Technology: Engineering - Network|55|0.51% +Government & Defence: Government - Local|54|0.50% +Legal: Banking & Finance Law|54|0.50% +Consulting & Strategy: Management & Change Consulting|53|0.49% +Education & Training: Management - Schools|53|0.49% +Marketing & Communications: Management|53|0.49% +Engineering: Building Services Engineering|51|0.47% +Manufacturing, Transport & Logistics: Purchasing, Procurement & Inventory|50|0.46% +Mining, Resources & Energy: Power Generation & Distribution|47|0.43% +Sales: Sales Representatives/Consultants|47|0.43% +Engineering: Mechanical Engineering|46|0.43% +Information & Communication Technology: Product Management & Development|46|0.43% +Mining, Resources & Energy: Mining - Exploration & Geoscience|45|0.42% +Legal: Other|44|0.41% +Healthcare & Medical: Management|43|0.40% +Human Resources & Recruitment: Management - Internal|42|0.39% +Legal: Property Law|42|0.39% +Construction: Other|41|0.38% +Legal: Industrial Relations & Employment Law|39|0.36% +Mining, Resources & Energy: Other|39|0.36% +Healthcare & Medical: Nursing - Aged Care|38|0.35% +Banking & Financial Services: Corporate Finance & Investment Banking|37|0.34% +Accounting: Financial Accounting & Reporting|36|0.33% +Construction: Health, Safety & Environment|36|0.33% +Engineering: Other|36|0.33% +Real Estate & Property: Residential Sales|34|0.31% +Healthcare & Medical: Residents & Registrars|32|0.30% +Marketing & Communications: Marketing Communications|32|0.30% +Mining, Resources & Energy: Mining - Processing|32|0.30% +Legal: Insurance & Superannuation Law|31|0.29% +Mining, Resources & Energy: Oil & Gas - Engineering & Maintenance|31|0.29% +Education & Training: Management - Universities|30|0.28% +Education & Training: Teaching - Tertiary|30|0.28% +Science & Technology: Environmental, Earth & Geosciences|30|0.28% +Accounting: Business Services & Corporate Advisory|29|0.27% +Real Estate & Property: Commercial Sales, Leasing & Property Mgmt|29|0.27% +Banking & Financial Services: Funds Management|28|0.26% +Construction: Planning & Scheduling|28|0.26% +Information & Communication Technology: Team Leaders|28|0.26% +Accounting: Taxation|27|0.25% +Banking & Financial Services: Other|27|0.25% +Engineering: Environmental Engineering|27|0.25% +Healthcare & Medical: Sales|27|0.25% +Real Estate & Property: Body Corporate & Facilities Management|27|0.25% +Construction: Surveying|26|0.24% +Information & Communication Technology: Database Development & Administration|25|0.23% +Trades & Services: Electricians|25|0.23% +Accounting: Management Accounting & Budgeting|23|0.21% +Banking & Financial Services: Analysis & Reporting|23|0.21% +Design & Architecture: Architecture|23|0.21% +Marketing & Communications: Digital & Search Marketing|23|0.21% +Accounting: Management|22|0.20% +Insurance & Superannuation: Actuarial|22|0.20% +Marketing & Communications: Product Management & Development|22|0.20% +Accounting: Analysis & Reporting|21|0.19% +Design & Architecture: Web & Interaction Design|21|0.19% +Banking & Financial Services: Financial Planning|20|0.18% +CEO & General Management: Other|20|0.18% +Consulting & Strategy: Other|20|0.18% +Information & Communication Technology: Testing & Quality Assurance|20|0.18% +Legal: Family Law|20|0.18% +Manufacturing, Transport & Logistics: Warehousing, Storage & Distribution|20|0.18% +Marketing & Communications: Market Research & Analysis|20|0.18% +Accounting: Audit - Internal|18|0.17% +Banking & Financial Services: Banking - Business|18|0.17% +Banking & Financial Services: Management|18|0.17% +Human Resources & Recruitment: Occupational Health & Safety|18|0.17% +Insurance & Superannuation: Management|18|0.17% +Manufacturing, Transport & Logistics: Rail & Maritime Transport|18|0.17% +CEO & General Management: COO & MD|17|0.16% +Engineering: Maintenance|17|0.16% +Marketing & Communications: Public Relations & Corporate Affairs|17|0.16% +Mining, Resources & Energy: Mining - Drill & Blast|17|0.16% +Community Services & Development: Management|16|0.15% +Government & Defence: Other|16|0.15% +Government & Defence: Policy, Planning & Regulation|16|0.15% +Healthcare & Medical: Nursing - Management|16|0.15% +Human Resources & Recruitment: Organisational Development|16|0.15% +Information & Communication Technology: Web Development & Production|16|0.15% +Marketing & Communications: Brand Management|16|0.15% +Science & Technology: Mathematics, Statistics & Information Sciences|16|0.15% +Trades & Services: Automotive Trades|16|0.15% +Accounting: Strategy & Planning|15|0.14% +Healthcare & Medical: Psychology, Counselling & Social Work|15|0.14% +Manufacturing, Transport & Logistics: Production, Planning & Scheduling|15|0.14% +Mining, Resources & Energy: Oil & Gas - Operations|15|0.14% +Banking & Financial Services: Banking - Corporate & Institutional|14|0.13% +Consulting & Strategy: Environment & Sustainability Consulting|14|0.13% +Hospitality & Tourism: Management|14|0.13% +Human Resources & Recruitment: Training & Development|14|0.13% +Insurance & Superannuation: Brokerage|14|0.13% +Marketing & Communications: Other|14|0.13% +Real Estate & Property: Other|14|0.13% +Banking & Financial Services: Account & Relationship Management|13|0.12% +Consulting & Strategy: Corporate Development|13|0.12% +Engineering: Water & Waste Engineering|13|0.12% +Legal: Environment & Planning Law|13|0.12% +Mining, Resources & Energy: Natural Resources & Water|13|0.12% +Mining, Resources & Energy: Surveying|13|0.12% +Accounting: Accounts Officers/Clerks|12|0.11% +Banking & Financial Services: Mortgages|12|0.11% +Human Resources & Recruitment: Recruitment - Agency|12|0.11% +Insurance & Superannuation: Other|12|0.11% +Legal: Intellectual Property Law|12|0.11% +Science & Technology: Laboratory & Technical Services|12|0.11% +Trades & Services: Other|12|0.11% +Human Resources & Recruitment: Industrial & Employee Relations|11|0.10% +Information & Communication Technology: Telecommunications|11|0.10% +Insurance & Superannuation: Risk Consulting|11|0.10% +Legal: Generalists - Law Firm|11|0.10% +Trades & Services: Fitters, Turners & Machinists|11|0.10% +Accounting: Payroll|10|0.09% +Community Services & Development: Fundraising|10|0.09% +Healthcare & Medical: Other|10|0.09% +Human Resources & Recruitment: Remuneration & Benefits|10|0.09% +Information & Communication Technology: Help Desk & IT Support|10|0.09% +Insurance & Superannuation: Superannuation|10|0.09% +Legal: Personal Injury Law|10|0.09% +Manufacturing, Transport & Logistics: Import/Export & Customs|10|0.09% +Trades & Services: Air Conditioning & Refrigeration|10|0.09% +Construction: Quality Assurance & Control|9|0.08% +Engineering: Process Engineering|9|0.08% +Farming, Animals & Conservation: Agronomy & Farm Services|9|0.08% +Manufacturing, Transport & Logistics: Quality Assurance & Control|9|0.08% +Manufacturing, Transport & Logistics: Road Transport|9|0.08% +Mining, Resources & Energy: Analysis & Reporting|9|0.08% +Retail & Consumer Products: Buying|9|0.08% +Sales: Other|9|0.08% +Accounting: Compliance & Risk|8|0.07% +Accounting: Systems Accounting & IT Audit|8|0.07% +Call Centre & Customer Service: Management & Support|8|0.07% +Coaching & Instruction: Fitness & Personal Training|8|0.07% +Education & Training: Management - Vocational|8|0.07% +Manufacturing, Transport & Logistics: Aviation Services|8|0.07% +Retail & Consumer Products: Management - Store|8|0.07% +Retail & Consumer Products: Other|8|0.07% +Accounting: Other|7|0.06% +Advertising, Arts & Media: Management|7|0.06% +Community Services & Development: Indigenous & Multicultural Services|7|0.06% +Consulting & Strategy: Analysts|7|0.06% +Design & Architecture: Urban Design & Planning|7|0.06% +Education & Training: Teaching - Vocational|7|0.06% +Healthcare & Medical: Nursing - A&E, Critical Care & ICU|7|0.06% +Healthcare & Medical: Pathology|7|0.06% +Healthcare & Medical: Physiotherapy, OT & Rehabilitation|7|0.06% +Human Resources & Recruitment: Other|7|0.06% +Banking & Financial Services: Banking - Retail/Branch|6|0.06% +Banking & Financial Services: Credit|6|0.06% +Banking & Financial Services: Stockbroking & Trading|6|0.06% +Education & Training: Teaching - Secondary|6|0.06% +Engineering: Chemical Engineering|6|0.06% +Engineering: Engineering Drafting|6|0.06% +Healthcare & Medical: Clinical/Medical Research|6|0.06% +Healthcare & Medical: Speech Therapy|6|0.06% +Human Resources & Recruitment: Management - Agency|6|0.06% +Information & Communication Technology: Engineering - Hardware|6|0.06% +Insurance & Superannuation: Underwriting|6|0.06% +Legal: Legal Practice Management|6|0.06% +Legal: Tax Law|6|0.06% +Retail & Consumer Products: Management - Area/Multi-site|6|0.06% +Science & Technology: Other|6|0.06% +Accounting: Audit - External|5|0.05% +Accounting: Treasury|5|0.05% +Design & Architecture: Industrial Design|5|0.05% +Education & Training: Research & Fellowships|5|0.05% +Engineering: Supervisors|5|0.05% +Manufacturing, Transport & Logistics: Freight/Cargo Forwarding|5|0.05% +Manufacturing, Transport & Logistics: Other|5|0.05% +Marketing & Communications: Direct Marketing & CRM|5|0.05% +Mining, Resources & Energy: Oil & Gas - Drilling|5|0.05% +Administration & Office Support: Contracts Administration|4|0.04% +Advertising, Arts & Media: Agency Account Management|4|0.04% +Advertising, Arts & Media: Editing & Publishing|4|0.04% +Construction: Plant & Machinery Operators|4|0.04% +Consulting & Strategy: Policy|4|0.04% +Design & Architecture: Other|4|0.04% +Government & Defence: Navy|4|0.04% +Human Resources & Recruitment: Recruitment - Internal|4|0.04% +Insurance & Superannuation: Claims|4|0.04% +Marketing & Communications: Internal Communications|4|0.04% +Mining, Resources & Energy: Oil & Gas - Exploration & Geoscience|4|0.04% +Retail & Consumer Products: Merchandisers|4|0.04% +Trades & Services: Technicians|4|0.04% +Accounting: Accounts Receivable/Credit Control|3|0.03% +Accounting: Company Secretaries|3|0.03% +Advertising, Arts & Media: Media Strategy, Planning & Buying|3|0.03% +Banking & Financial Services: Treasury|3|0.03% +Education & Training: Childcare & Outside School Hours Care|3|0.03% +Education & Training: Workplace Training & Assessment|3|0.03% +Engineering: Field Engineering|3|0.03% +Engineering: Industrial Engineering|3|0.03% +Farming, Animals & Conservation: Conservation, Parks & Wildlife|3|0.03% +Healthcare & Medical: Ambulance/Paramedics|3|0.03% +Healthcare & Medical: Nursing - General Medical & Surgical|3|0.03% +Healthcare & Medical: Nursing - Midwifery, Neo-Natal, SCN & NICU|3|0.03% +Healthcare & Medical: Pharmacy|3|0.03% +Legal: Criminal & Civil Law|3|0.03% +Manufacturing, Transport & Logistics: Couriers, Drivers & Postal Services|3|0.03% +Manufacturing, Transport & Logistics: Fleet Management|3|0.03% +Manufacturing, Transport & Logistics: Team Leaders/Supervisors|3|0.03% +Real Estate & Property: Residential Leasing & Property Management|3|0.03% +Science & Technology: Biological & Biomedical Sciences|3|0.03% +Accounting: Insolvency & Corporate Recovery|2|0.02% +Administration & Office Support: Administrative Assistants|2|0.02% +Banking & Financial Services: Client Services|2|0.02% +CEO & General Management: Board Appointments|2|0.02% +Coaching & Instruction: Management|2|0.02% +Community Services & Development: Aged & Disability Support|2|0.02% +Community Services & Development: Child Welfare, Youth & Family Services|2|0.02% +Community Services & Development: Housing & Homelessness Services|2|0.02% +Engineering: Materials Handling Engineering|2|0.02% +Farming, Animals & Conservation: Farm Management|2|0.02% +Farming, Animals & Conservation: Fishing & Aquaculture|2|0.02% +Farming, Animals & Conservation: Horticulture|2|0.02% +Farming, Animals & Conservation: Other|2|0.02% +Government & Defence: Emergency Services|2|0.02% +Healthcare & Medical: Optical|2|0.02% +Hospitality & Tourism: Front Office & Guest Services|2|0.02% +Information & Communication Technology: Technical Writing|2|0.02% +Insurance & Superannuation: Workers' Compensation|2|0.02% +Manufacturing, Transport & Logistics: Analysis & Reporting|2|0.02% +Mining, Resources & Energy: Oil & Gas - 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Community, Maternal & Child Health|0|0.00% +Healthcare & Medical: Nursing - Educators & Facilitators|0|0.00% +Healthcare & Medical: Nursing - High Acuity|0|0.00% +Healthcare & Medical: Nursing - Paediatric & PICU|0|0.00% +Healthcare & Medical: Nursing - Psych, Forensic & Correctional Health|0|0.00% +Healthcare & Medical: Nursing - Theatre & Recovery|0|0.00% +Hospitality & Tourism: Gaming|0|0.00% +Hospitality & Tourism: Kitchen & Sandwich Hands|0|0.00% +Hospitality & Tourism: Other|0|0.00% +Hospitality & Tourism: Reservations|0|0.00% +Hospitality & Tourism: Travel Agents/Consultants|0|0.00% +Hospitality & Tourism: Waiting Staff|0|0.00% +Information & Communication Technology: Computer Operators|0|0.00% +Insurance & Superannuation: Assessment|0|0.00% +Insurance & Superannuation: Fund Administration|0|0.00% +Legal: Law Clerks & Paralegals|0|0.00% +Manufacturing, Transport & Logistics: Assembly & Process Work|0|0.00% +Manufacturing, Transport & Logistics: Pattern Makers & Garment Technicians|0|0.00% +Manufacturing, Transport & Logistics: Pickers & Packers|0|0.00% +Manufacturing, Transport & Logistics: Public Transport & Taxi Services|0|0.00% +Marketing & Communications: Marketing Assistants/Coordinators|0|0.00% +Real Estate & Property: Administration|0|0.00% +Retail & Consumer Products: Retail Assistants|0|0.00% +Science & Technology: Biotechnology & Genetics|0|0.00% +Science & Technology: Modelling & Simulation|0|0.00% +Trades & Services: Bakers & Pastry Chefs|0|0.00% +Trades & Services: Butchers|0|0.00% +Trades & Services: Cleaning Services|0|0.00% +Trades & Services: Floristry|0|0.00% +Trades & Services: Labourers|0|0.00% +Trades & Services: Locksmiths|0|0.00% +Trades & Services: Maintenance & Handyperson Services|0|0.00% +Trades & Services: Nannies & Babysitters|0|0.00% +Trades & Services: Painters & Sign Writers|0|0.00% +Trades & Services: Printing & Publishing Services|0|0.00% +Trades & Services: Security Services|0|0.00% +Trades & Services: Tailors & Dressmakers|0|0.00% +As you all head into fatfire and for those of you that create a trust for your kids, how many of you built in the requirement for your kids to have a prenup required in your kids marriage for them to access the trust? I am trying to protect the trust from my kid's divorcing spouse which is a no brainer to me. The reason not to do it is because now your kid has to bring up the issue of a prenup in their relationship and that is a little unfair to put the burden on them. Any advice is appreciated. I thought fatfire was just about the RE but the fat creates other issues! +I’ve been investing for a few months now and been interested in trading. Where do I start and what precautions do I take to prevent excessive money loss? +I broke 1M at 30 and am at 1.175M at 31. Made it through real estate, relatively high earning fields (tech sales and life sciences) and some stock appreciation, in that order. When I started my journey, I always really enjoyed the year by year breakdowns of how and what individuals were doing on their wealth journeys. Wealth building didn't really become a focus until my late 20s, but our career trajectories (even in our early 20s when we were being paid pretty poorly) was still very important. In fact, one my biggest takeaways is that we have been competent and aggressive in our careers from the beginning, even when we were laughably poorly paid and without much wealth to show for it. + +&#x200B; + +**2011** \- Graduated from school, saved very little, had lots of fun. Fortunate to have no college debt, living in a HCOL city. + +HHI: (I'm going to use my wife and I jointly even though we didn't get married and combine until 2015): 72k + +NW: 0 to slightly negative on any given day. + +**2012** \- First year in tech sales for me. + +HHI 90k + +NW - Still zero. + +**2013** \- First year I made an effort to at least get my 401k match. + +HHI: 135k + +Net worth: 10k + +**2014**: Moved cross country to MCOL area with a lot of growth, mostly because we wanted to be there. Got into an enterprise software field selling role, even though I wasn't being paid like it at the time. I got good advice early on to get to the field as early as I could, was the youngest guy in the room pretty consistently from ages 24-30 and eventually got paid properly. New role was my first with RSUs, ESPP etc. Stock actually went gangbusters but I consistently diversified it once I hit LTCG as I didn't want to have all my wealth in a single stock. Would have 500k additional wealth had I not sold any stock, just from my initial package. + +HHI: 185k + +Net worth: 20k + +**2015**: New role was my first with RSUs, ESPP etc. Stock actually went gangbusters but I consistently diversified it as I didn't want to have all my wealth in a single stock. Would be at least 500k wealthier if I had simply never touched my RSUs, but who's to know that at the time? We bought our first house with a 3.5% down FHA loan and improved the hell out of it. We consistently had tailwinds in real estate for the remaining duration. + +HHI 190k + +Net Worth 150k + +**2016** \- Living pretty inexpensively still and doing well in our careers. + +HHI 201k + +Net worth 200k + +**2017** \- I got a 100% compensation bump in a new role and for reasons still somewhat unclear to me, decided to buy and fix up a condo in town using a HELOC from our now much more valuable primary residence. We paid down the HELOC with our now much higher income and did it again for another condo, and then a duplex. We did a ton of work ourselves, added a lot of value. We bought 752k of real estate in our first year and it appraised for over 1M by EOY 2018 through a combination of value add and the market. + +HHI 305k + +Net Worth 395k + +**2018** \- Strong income year, bought a quadplex for 495k that we fixed up. + +HHI 365k + +Net worth 760k + +Net worth 752k + +**2019**: Moved across country (back to HCOL where we started), had a baby and bought another fixer house for our primary residence. We do basically what we did on our first home, but on a much larger scale. Market treats us pretty well in our investment portfolio. + +HHI: 340k + +Net Worth 1.05M + +**2020**: Wife gets significant compensation bump. A really interesting part of this Covid thing is that we've spent very little and basically saved our way through the initial downturn and on our way back up. + +HHI: 405k + +Net Worth: 1.175 + +What's next: I went from buying our first investment condo to deciding we'd build a pretty big business (exclusively in multifamily, for now) in real estate pretty quickly once I felt we had a good model built. We're about to buy another 1M in real estate bringing us to a total of about 4M. We'll both continue to work, but the plan calls to buy 15M in assets by 40 which should bring us to a total NW around 10M at that time. I don't expect to see the tailwinds that we had early on again, but with enough scale we should do just fine. + +&#x200B; + +Takeaways: + +1. I had both good luck (the general market environment) and bad luck (failure to realize a potential RSU windfall). I think many people get neither of these types of opportunities, but our careers put us in a situation to put the throttle down when we saw an opportunity (in this case, the real estate) +2. Have a business plan, or at least a goal for wealth building. Things started going so much better for us once we made each year a measurable target. Measuring your net worth also changes your perspective (I used to hate contributing to my 401k, until I tracked my net worth and saw the bump every Tuesday from our contributions and match). +3. We carry a lot of debt (all under 4.5% and most under 4%) at roughly 68% average LTV today across the portfolio but I do worry about the debt load, especially given where we're going. We still have 35% of our NW in equities still and cash for 9 months of debt obligations but the sheer size of the debt number and what it will be still blows me away sometimes. FAT real estate folks: how do you manage LTV and reserves in your portfolio, especially when you know it has to withstand a lifetime of market ups and downs. Selfishly curious to hear from anybody in their 40s and 50s that has been buying consistently since their 20s as well. +Describe an investment you did well with while investing in real estate? + +1) How did you find the property? +2) What type prop did you buy? +3) What did you do to add value? +4) Costs for improvement? +5) Time associated? +6) General financial Returns? +7) What else was important in your deal? +8) Key thing/s you learned? + +(Copy and paste these questions to make easier;) +I currently have 43 properties that cash flow around $200-$300 a door. I have a good amount of equity in each. I see everyone suggesting selling and using a 1031 to level up. If all properties cash flow, why do I need to 1031 and level up? + +Am I missing something? +Little bit about me: I’m 29M, in the Navy, and almost complete with my contract. If I re-up orders, I’m locked into three more years living in San Diego with 30 days off a year(tempting offer). Owning several rental properties is my number one priority over the safety and stability of a military career. At this crucial point in my life, I’m posed with a couple questions maybe some of you can help me with. + +1. My goal is to enter the industry as quickly as possible. With private mortgages available, is continuing a career solely to raise capital a waste of time? + +2. For those of you who do maintain a steady job and invest on the side, how quickly has your portfolio grown since you’ve made the decision to invest? + +3. For those of you who have forgone a steady job to invest full time, would you briefly share your story of success and/or failure after quitting? +The question is in the title. So I’ve been looking to house hack a duplex for 2 years, but still haven’t found anything. (This is not a venting post on the current market, I’ve done enough of that). I know the market is red hot and everything is over priced, but even still 2 years feels like a really long time. It’s not that I can’t find properties where the numbers make sense, but for one reason or another I don’t get that property. Again, I know the market is tough right now so I stuck it out, but I’m beginning to think I’m just not that good at it. (This is not a self pity thing, but I’m speaking from an objective standpoint). I can make numbers work and evaluate property but actually acquiring them is a fundamental skill it seems I don’t have, which is fine. So I’m strongly considering walking away and trying to figure something else out. I guess I’m saying all this to then ask, is 2 years so ridiculous a time that I should definitely move on, or at least re-evaluate my process. How abnormal is 2 years? + +**Please don’t be a dick. I’m thick skinned and love honesty, but there is a difference between dragging someone down and giving constructive advice. I just had my earnest security deposit returned because the tenant decided to stop paying and decided he didn’t want to move so the seller couldn’t sell. I’m still raw, so be gentle lmao** + +First, I hope I used the right flair. I'm sorry folks if this is the wrong place. Edit: this is a story of my first pay check. + +Two weeks ago, I started a new job. Last week, I had $-88 in my bank account. I'm a big nerd and had many expensive hobbies before I was laid off in April. I sold about $300 worth of Magic the Gathering cards for $125 to a local game store just so I could get back to $0. Credit card bills unpaid. I lost all of my savings. I've had horrible medical issues. I was about to be homeless as of, quite literally today. I'm only just realizing that as I type. 9/30. Fuck me. Life changing pay check on the day I was meant to lose everything. Somewhere, there's an alternate universe being born. + +Anyway. I opened my bank account and saw +2000 and got overwhelmed. This is double what I used to make and that was double what I made serving tables or working in a book store. I am generationally impoverished. My mother was a single mom working at Waffle House in GA to make ends meet. We only got Christmas if teachers bought us Christmas, which happened a lot. I got paid for the first time in months. I'm rambling because of this. + +I just needed to tell people that I'm happy today. I may have just broken free of shackles of three generations. I paid my rent. Input money in savings. I looked at my shopping list to get cat food and a new tooth brush and thought....fuck me, I can do that without worrying. I can buy a toothbrush again. I haven't bought pants in 5 years. My clothes are all threadbare and falling apart. I can go to the target and buy a shirt or some pants and not worry about it. I can treat myself to an ice cream. I can buy my wife, who has sacrificed so much for me, a hair cut. I can buy some light bulbs for the burnt out rooms in the house. I can set up auto pay for my phone bill. The sky looks blue to me for the first time in a long time. + +Today I opened by mobile banking app and I wept. + +Edit 1: I did not in my wildest dreams expect this outpouring of love and good will. When I say that I never knew I needed such validation, I mean that. I've tried to respond to everyone who commented to say thank you. I feel that if you took time out of your day to say something to me, I owe it to you to thank you. And I am thankful. All of your comments have brought me to tears. This experience talking with the community has taught me to be more gracious in every day life and to start to love the little things again. If I wasn't able to thank you personally, I'm sorry for that. I did/do read every comment here and I am truly grateful to have been able to post my story and talk with you all. I want to take the opportunity to thank everyone I didn't or couldn't respond to and to thank those I did again. I guess to make it even, I will double thank the people I didn't respond to. Jokes aside, this experience has been life changing for me. I'm so used to feeling negatively on or about the internet. Thank you for showing me that we are still capable of kindness, in this case extreme kindness, even behind a computer or phone screen. Peace and love to you all. +You can see it for yourself on the [news.gamestop.com](https://news.gamestop.com) website where institutional ownership is being tracked. +Source: [https://news.gamestop.com/stock-information/institutional-ownership](https://news.gamestop.com/stock-information/institutional-ownership) + +Companies like Vanguard/Blackrock etc. rebalance all the time and are not "on our side" they have been lending out shares to SHF through ETFs and make money by lending those shares out... + +"ETFs and [mutual funds](https://www.investopedia.com/terms/m/mutualfund.asp) may lend out up to 50% of their unlevered securities portfolios at any given time, according to pertinent securities laws. These funds offer these loans to borrowers who then pay [interest](https://www.investopedia.com/terms/i/interest.asp). In most cases, these borrowers are [short sellers](https://www.investopedia.com/terms/s/shortselling.asp) who are making a bet against those securities. In return, the ETF shareholders and money managers earn additional returns as a result of the interest those borrowers pay." +Source: [The Role of Securities Lending in ETF Returns (investopedia.com)](https://www.investopedia.com/investing/role-securities-lending-etf-returns/) + +It's important that we fact check even before upvoting/downvoting to keep our integrity as a community and avoid misinformation, FUD and forum sliding. +What’s the simplest trading strategy you used that in hindsight was either really dumb or just lucky that worked for any prolonged period of time? + +Mine was jumping on the ripper 5 mins out of the gate on any of the FAANG or big tech names during the spring last year. Somehow this worked for like 4 straight months at a pretty decent rate and I grew my account by almost 150%. I’d check futures, see if we were up or down going into the open, look at how the foreign markets closed out, look at the big names and see if anything had gapped, and hone in on the largest overnight movers in that tech or large cap sphere. Using Robinhood charts and really zero technical analysis aside from a pretty elementary understand of candlesticks, I’d read just half of the first 10m candle, and if it pushed hard (which everything does right at open) I would jump in at the cheapest OTM contract that fit my normal position size. Would normally get a continuation up until like 945, a slight pull back, then continue up until the real reversal sometime around 1015-1020. I’d usually punch out right at the first sign of reversal around 1015, which meant the first long wick candle I saw I’d bail out. Ended up leaving a lot of meat on the bone on multiple occasions and I’d check back around noon to see the contract up like another 30-40%, but the goal was to lock in profit in a short time and get back to the day job. + +Kind of comical how well it worked and how much beginners luck it was, but then again expectations were basically zero so the whole mental side of it never got in the way. Kind of fascinating to think about that too and how my own ignorance was a blessing to that style. I’ve tried to go back and do it a few times seeing if I can reignite that but I honestly get in my own way with it. I now “know” too much (or think I do, which I clearly do not) and either get spooked in one way or just get overwhelmed with all the different info and make the wrong choice. + +Either way, would love to hear some other stupidly simple strategies that worked at some point. +Good Morning Apes! + +Some things I want to go over this morning are + +* where we are in the cycle +* show you all some DIX pics +* do a little dive into yelyah's latest +* summary of current data + +**Current Cycle Period** + +[So over the course of this T+2 window \(Jan 24\/25\/26\) GME has gamma exposure from LEAPs that expired on Jan 21 22', and FTDs from any futures contracts that expired. ](https://preview.redd.it/ozade4lk6ud81.png?width=2457&format=png&auto=webp&s=7f2018f698c3d5e6ae2b4145e64fd569ad4bd8b9) + +I still think the peak of this FTD pile-up is going to occur out in the beginning of February, but because of the unknown nature of today's FTDs (both net short/long, and quantity) it could be significant. + +Due to the stop on reporting by the CFTC we do not know the scope of FTDs from futures the could be minimal or significant but we had quite a lot of volume yesterday (much of it internalized). + +[DP volume from around 3pm yesterday](https://preview.redd.it/5v8cln287ud81.png?width=937&format=png&auto=webp&s=0226d9348f5a48375a77db20958c9f03c6f0f245) + +As for the gamma exposure well their goal appears to be to short below the exposure as it carries to much upside risk and they don't want to let a gamma ramp run wild so it's better for them to try to bring the price down in the short-term than let that internalization and exposure be realized later when delta sensitivity is lower. This is likely the cause of the massive shorting campaign we have seen recently and also the cause of the "dip before the rip" scenario we see in other short squeezes. + +**Dix Pics** + +Their asymmetric risk is continuing to compound with the run yesterday many of the puts they loaded up on for price suppression purposes were blown up by market close. They need these put walls erected in order to cover FTDs and keep the price stagnant. But as many of you saw yesterday their position across all the stocks in the basket is slipping as M, JWN, DDS, and even XRT overperformed. + +[Asymmetric risk is wider than it has been all year](https://preview.redd.it/6zx2ysl89ud81.png?width=2476&format=png&auto=webp&s=9266cc6048f20d65d89e0f0e27decdb644fc9c28) + +[Approaching levels not seen since last February](https://preview.redd.it/rpr9aw5e9ud81.png?width=2477&format=png&auto=webp&s=4d668e7a76570e3e09fd8f9e6e65ccaa59825ae7) + +**Yelyah2 Update** + +[Delta neutral still dropping with the price, which means the options market is supporting the price decline, the latest Delta Sensitivity spike indicates large amounts of hedging could occur with an increase in price of the underlying.](https://preview.redd.it/p2tul1gl9ud81.png?width=909&format=png&auto=webp&s=d700efc1b48f56acc2b89866869194b820d6cbde) + +[Vega neutral can sometimes act as a floor like it did during March of last year, it's currently around $61](https://preview.redd.it/l8wvak8m9ud81.png?width=909&format=png&auto=webp&s=373aede065997dae4477e8099c6c2c810df7bfc9) + +[Gamma sensitivity is not particularly large especially when compared with last January](https://preview.redd.it/12x9uptm9ud81.png?width=910&format=png&auto=webp&s=4082c865be9efc6383ce7e526fa72cbce589680f) + +**My person TLDR:** + +I think they continuously short under these Delta sensitivity spikes and push there exposure out to a window of time were sensitivity is reduced and upside potential from delta hedging is reduced. While the options market supports our decline that is likely due to the large number of ITM puts we have seen purchased over the last week. But since that hedge is inverse the hedge of a naked call if they are sold or exercised like we saw last Friday, we can see positive pressure as MMs buy back in to shed their hedge. + +**Summation:** + +Because many retail investors are buying long dated calls we are see these large Delta sensitivity spikes over and over again, far larger than we saw last year because many are diamond handing them and averaging down/rolling forward positions. This in essence can create squeeze conditions. + +https://preview.redd.it/64g9wkh2cud81.png?width=1741&format=png&auto=webp&s=859009730a0976ea7914bab7714ec8bbcff8a948 + +Since the majority of shorting is synthetic these positions must be inversed within 35 days. Is it any wonder that as long-term options became a more widely discussed topic on this sub, we have shorting on a previously unseen scale. To me it looks like they are trying to get people to sell and reduce the potential for upside movement. With retail holding all the shares and sitting on leverage for at least another multiple of the float this puts them in a precarious position. + +With the current conditions in the market and asymmetric risk stacking up in both the equity and derivatives market on GME squeeze potential is very high. + +&#x200B; + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Another day of internalization and them drawing the line at $100. They have till tomorrow's market open to settle any FTDs due today, and can delay those through dark pools till later in the day. I remain optimistic for now and we will see how this plays out going into tomorrow. Our volume remains higher than the 3m rolling average but with some much order flow internalized we are seeing little price improvement. + +https://preview.redd.it/5jn1xrr8fwd81.png?width=920&format=png&auto=webp&s=f1827e16dcdacffbf652a40c021fccf8663ddce0 + +https://preview.redd.it/qz1bchpbfwd81.png?width=900&format=png&auto=webp&s=ff338925933e373d66bd8c24dc44ce10fa062eb1 + +https://preview.redd.it/j2dv8hl4fwd81.png?width=734&format=png&auto=webp&s=72c7df7d19dd225090ecc6d2cdb829c5ff648e77 + +Edit 4 1:36 + +Starting to move up and fill in the massive number of upside gaps volume is low and we could fail the resistance + +https://preview.redd.it/rspfpj6tovd81.png?width=1523&format=png&auto=webp&s=6f55f8752916340cfadb13182db8f262d86c5f8f + +Edit 3 11:18 + +Gap filled + +https://preview.redd.it/encrpku50vd81.png?width=1514&format=png&auto=webp&s=7de2859e10bd97150f56a596f195b7b30efd90a3 + +Edit 2 11:00 + +Looks like we are going to drop to fill that gap at 100 or the one at 97 + +https://preview.redd.it/n8gdm0d3xud81.png?width=1524&format=png&auto=webp&s=c5a4837666cb192f928824d89ded70d4893d5160 + +Edit 1 10:15 + +Price action picking up a bit as we gap up over $100, could be the start of something given th4e volume improvement. + +https://preview.redd.it/udd4b7r9pud81.png?width=1519&format=png&auto=webp&s=245d77ee9bc0253b06d4f5445cb92db7b6dcc8d6 + +# Pre-Market Analysis + +Pretty big short interest this morning with roughly 150k shares borrowed from Fidelity and about the same from IBKR. But all for only $4 price drop from yesterdays close so far. I imagine they will short near open to try to get some of those $95 and $100 puts picked up. + +Volume: 46.17k + +Max Pain: + +[Max pain now moved down from yesterday this means exposure to call side hedging is getting closer.](https://preview.redd.it/v38qodtzdud81.png?width=2097&format=png&auto=webp&s=d954b610ce36328c448c99eb1800c43ae2a04b32) + +Shares to Borrow: + +IBKR - 6,000 @ 0.8% + +Fidelity - 2,869 @ 0.75% + +[GME on pre-market on the 1m](https://preview.redd.it/ohugei5beud81.png?width=1537&format=png&auto=webp&s=ad9438f915a61192f09373ac0feae6beeef66c45) + +TTM Squeeze + +https://preview.redd.it/a5dfmbbjeud81.png?width=2456&format=png&auto=webp&s=ef202ef951b5fc4e45cdb9d55b635a55e3179b0a + +CV\_VWAP + +[Still a bit negative so some bounce back may be expected](https://preview.redd.it/c5a9k9roeud81.png?width=2459&format=png&auto=webp&s=86adde1d8b2f0a69f0f82155d738c6f186654236) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +I'm a prime subscriber and buy a good bit of products via amazon. + +I've been thinking of getting the Amazon credit card to get 5% back but I would only use it on Amazon because I can get 2% or more back everywhere else with my other rewards cards. + +Has any one else here done this? Is it worth the extra hassle of having another credit card to pay off every month? +THIS IS NOT A DRILL papa Elon has blessed us all. Tesla battery day today in the US, presentation starts 6:30am AEST. Has any rumors related to novonix leaked?? + +Edit: 176% I am so hard + +Edit 2: NOW 200% THIS BABY KEEPS RISING🚀🚀🚀 + +Edit 3: 268% it is 12:06am sleep is for the week we are watching this climb all night + +Edit 4: Peaked at $4.85 for a rise of 268% now back down to $3 still over a 100% gain for the day +Registered to Wine Depot for the gigs and got this email today: + + +3 weeks to upload your gear in prep for launch. + +&#x200B; + +https://preview.redd.it/7h4y4t6nu3p61.png?width=613&format=png&auto=webp&s=1f8b5a1f0b451479b216ab733fa44025993ceda3 +Well, you've all gone a little quiet over the last fortnight. + +I guess rivers of blood pouring out of the portfolio puts us all in a slightly less provocative mood when it comes to making foolish claims and bets. + +That's fair enough I guess, plus it has the added bonus of giving **Mods** less shit to keep a track of so no complaints here, other than the whole nasty red market business... + +Still there has been a little action so roll up your sleeves and lets dive in to the murkiness of your collective Autism exposed. + +&#x200B; + +**HIGHLIGHTS** + +&#x200B; + +\- **60,000+ Members**. Fuck me. + +&#x200B; + +\- Don't forget about the [Birthday Celebrations](https://www.reddit.com/r/ASX_Bets/comments/m1541g/500_flair_shakedown_vote_birthday_locations/?utm_source=share&utm_medium=web2x&context=3). + +Venues have been chosen, times are set and its your chance to meet the folks you spend more time with than the Missus. + +Plus, we wont judge you for losing all that money. Mostly.... + +&#x200B; + +\- Good to see some quality shit posting happening during the Red Wedding week, at least keeping a sense of humor hopefully stops some of us from panic selling. + +&#x200B; + +\- u/noobinvestin has been playing in the big boy sand pit, with YOLO's on [ALG ($135K)](https://www.reddit.com/r/ASX_Bets/comments/lxe2e3/135k_on_alg/?utm_source=share&utm_medium=web2x&context=3), [APT ($140k)](https://www.reddit.com/r/ASX_Bets/comments/m111ec/premarket_thread_for_general_trading_and_plans/gqb831c?utm_source=share&utm_medium=web2x&context=3) and old [Z1PPY ($115k)](https://www.reddit.com/r/ASX_Bets/comments/m111ec/premarket_thread_for_general_trading_and_plans/gqb831c?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/zanven42 has a big play happening on [PLL.](https://www.reddit.com/r/ASX_Bets/comments/lwl0u4/sometimes_you_just_gotta_send_it_full_savings/?utm_source=share&utm_medium=web2x&context=3) + +Some mad coward gains here for this user. + +&#x200B; + +\- The [Charity Flair](https://www.reddit.com/r/ASX_Bets/comments/m1541g/500_flair_shakedown_vote_birthday_locations/?utm_source=share&utm_medium=web2x&context=3) vote came in, **$500** to a registered charity gets you a honorable mention and the warm fuzzy of being a decent human who is giving back to the community that allows them the freedom to gamble degenerately on MeMe stonks. + +&#x200B; + +&#x200B; + +**NEW BETS** + +&#x200B; + +We have a bunch on the **LKE $1 by Easter** Ban-Wagon, so here is a reminder of where all our players are currently sitting and what is on the line. + +&#x200B; + +\- u/EvilShogun has bet **IOU** to hit $1 by the end of the financial year or they will post the [survey post](https://www.reddit.com/r/ASX_Bets/comments/lsj8c5/market_open_thread_for_general_trading_and_plans/gosd8b9?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +\- u/FameLuck reckons **BPH** gets [approval](https://www.reddit.com/r/ASX_Bets/comments/lxbdeh/i_have_used_this_picture_before_but_its_more/gpml9ts?utm_source=share&utm_medium=web2x&context=3) or they will take a year ban. + +&#x200B; + + \- [u/nomadnobad](https://www.reddit.com/u/nomadnobad/) has jumped on the **LKE** train, with [a $1 by Easter or Ban bet.](https://www.reddit.com/r/ASX_Bets/comments/legmkg/my_fellow_lketards_welcome_to_the_game_of_hands/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +\- [u/LackOk2824](https://www.reddit.com/user/LackOk2824/) has made a **Perma-Ban** bet with the mods, by their reckoning [LKE will be $1 by Easter](https://www.reddit.com/r/ASX_Bets/comments/l2g0sm/to_all_my_lke_autists/gk59cud?utm_source=share&utm_medium=web2x&context=3). + + + +\- [u/mercuryingatoraade](https://www.reddit.com/u/mercuryingatoraade/) has bet that **LKE** will be $1 by Easter or they will [dye their fucking hair purple](https://www.reddit.com/r/ASX_Bets/comments/l4j654/daily_thread_for_general_trading_and_plans_for/gksfivh?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +&#x200B; + +**BANS** + +&#x200B; + +\- All those deserving of bans from the [Last Bans Post](https://www.reddit.com/r/ASX_Bets/comments/lsqui8/loss_porn_tattoos_and_a_degenerate_returns_bans/?utm_source=share&utm_medium=web2x&context=3) have received them. + +&#x200B; + +\-We have another limp dick piece of shit who has scarpered from honoring a bet. + +u/limputg made a [pube bet](https://www.reddit.com/r/ASX_Bets/comments/l9umhw/which_stocks_are_you_long_on_fk_off_with_ur_penny/glka6mw?utm_source=share&utm_medium=web2x&context=3) with the Mods, claiming **4DS** would be at 30c by the end of Feb. + +User has been contacted and in cowardly fashion has gone silent. + +We deal with this only 1 way, u/limputg has received a **PERMA BAN** and will never again pollute our sub with false claims. + +&#x200B; + +\- [u/Calm-Attention-6779](https://www.reddit.com/u/Calm-Attention-6779/) banned for [proof or ban.](https://www.reddit.com/r/ASX_Bets/comments/lsk7ue/checking_my_portfolio_this_morning/gots8ih?utm_source=share&utm_medium=web2x&context=3) + +Pretty simple really yet an unsettling amount still don't seem to get it. + +&#x200B; + +\- One of our Sub Veterans, u/VPforFREE has sacrificed themselves as a lemming to the siren song of the [survey post](https://www.reddit.com/r/ASX_Bets/comments/lskzfk/this_is_for_my_own_good_seeya_retards_its_been/?utm_source=share&utm_medium=web2x&context=3). + +We shall miss your Sweet Candy Ass, this flair will no longer be gracing your daily thread with their Autistic Musings. + +&#x200B; + +\- The Survey Post Bans are up to about 7 trillion years, if you wish to peruse the carnage search the sub for the ''***User was Banned for this Post***'' Flair. + +&#x200B; + +\- We also have a bunch of users banned for spam, I would list them all but frankly spammers are not worth the effort. + +&#x200B; + +&#x200B; + +**COMING DUE:** + +&#x200B; + +\- All the shit from [last time...](https://www.reddit.com/r/ASX_Bets/comments/lsqui8/loss_porn_tattoos_and_a_degenerate_returns_bans/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +&#x200B; + +**TLDR:** Απολαύστε τις γιορτές γενεθλίων +Unfortunately unlike other luckier people who have their laziness enabled by their brokerage platform popping out neat trading summaries, I've had to try to pull this one together myself. + +Therefore I have given my best shot at summarising my first full year of trading in real terms, with a crappy Excel spreadsheet I have been fiddling with since around tax time last year. + +If you have a moment to spare, feel free to mosey on through my hairbrained, ADHD mania and hyperfocused DD fuelled trading shenanigans for the past twelve months (and a few days). + +There is reading to do which gives actual context, but for the people with painfully short attention spans and an instant-gratification problem, there are pictures and colours and stuff to show what has been happening visually. + +I hope you can enjoy the gains a bit more than I have (I've been depressed, cut me some slack). + +\- + +Having been interested in making money since I was old enough to count, it was only a matter of time to when I first made a foray into share trading. I'm both surprised and glad I didn't start sooner than February 2021, I probably would've lost a lot of money instead of a bit. + +I messed around with CFD trading in late 2020 which accounts for most of the Capital Loss I've carried forwards from FY2020/21 into FY2021/22. + +Something I need to lay out clearly is I *do not have a coherent or consistent strategy* one moment I'll want to do long hold plays (1 year +), the next mid-term (6 - 12 months), then short term (1 - 6 months) with a scattering of 'day trading' stuff in there. + +Below is a summary of that first five months of trading when I had no clue what I was doing and the paperest hands you've ever seen. + +[\\"-6.25&#37; ROI, not great, not terrible\\" - Comrade ADHD\_Distrylatlov circa. February 2022](https://preview.redd.it/mfrzans76kg81.jpg?width=686&format=pjpg&auto=webp&s=e16bdedd2433bd24609f1c86c9db13987ae839e6) + +So a capital loss for FY2020/21 of $987.05, and with the CFD trading losses, a total Capital Loss of $2398.00 for FY2020/21. + +Attentive readers may pay note to HWK (now AZL), if I hadn't paper handed that I'd be a much richer man (story of my share trading life so far). I'm still annoyed about that one because I knew HWK/AZL had a big mineral resource, I was just too worried about the opportunity cost of waiting to see the report that confirmed it. On the flipside I managed to make a small amount of money from the raging dumpster inferno of 88E. + +Concern about opportunity cost of waiting for my theses (which are generally pretty well read-into by newbie standards, I love reading and researching) to develop is a key driver of me semi-frequently entering and exiting positions, almost always before the key catalysts I expect. + +It definitely wasn't as bad as it could've been but I was basically lucky it wasn't worse. + +\- + +Post FY2020/21 I had a renewed energy and enthusiasm for stonks trading, and settled myself across a number of positions. July/August was a period of change and upheaval finishing my first engineering cadetship and moving from Dubbo to Bathurst in early July, then Bathurst to the mid-North Coast in early August to start my Intermediate Cadet placement. + +My ex girlfriend dumped me shortly after I decided to take the north coast placement without warning or any real explanation. She moved on immediately with the 'guy best friend' and I've figured out in hindsight she was drifting away from me and closer to him consciously in the months leading up to it. + +The breakup completely shattered and broke me and I was suicidally depressed throughout September, still a husk of my former self in October, and on the road to recovery in November. + +I've realised I was the one doing all the work in the relationship for the nearly two years we were together, while receiving basically nothing in return. I was used and manipulated badly, and then dumped in such an awful, selfish, inconsiderate and heartless way. + +I call that July-December period my life recession, and I was due for one. + +Between all the disruptions of moving, changing jobs and job uncertainty, stress with uni, the extreme emotional duress of the heartbreak, and generally being isolated from friends, family and support networks due to COVID lockdowns and the move, I was spending far less time actively monitoring the markets between July and December 2021. I attribute a lot of my recent success to these factors. + +I did a near total liquidation of my portfolio in late December expecting a crash (there was a correction, so not quite) but also wanting to free up capital to pursue a more aggressive short-term strategy to try to work/compound my money harder/faster. + +So, mainly due to circumstance, some good DD, better trading discipline/less paper handedness, and some decent intuition at times, I returned the following results over the July21-Jan22 period: + +[Decent returns during my Life Recession](https://preview.redd.it/8zwao61n9kg81.jpg?width=1244&format=pjpg&auto=webp&s=a4c7099307643f968bbe9dde261c5e1ff6648627) + +So far for FY2021/22 I've taken realised profits of $10,865.97 and absorbed real losses of $2,707.14. + +Gross Capital Gain of $8,158.83 so far this financial year. Pretty decent, but mostly luck with the markets peaking late November / early December and heading towards the eventual early January correction on Red Friday. + +I will give myself a pat on the back for making the decision to do a large sell-off at the end of December and lock in a bunch of profits, put down some dog losses instead of bagholding, and do so in a fairly rational headspace. + +I'm actually really lucky I was staring at green numbers continuously between August and December, because especially in September, that was the one thing I could sort of hold onto. + +It isn't a stretch to say I may not be here without that crutch I had to lean on in the absolute pits of my despair and depression about seemingly everything important in my life going to shit in September. + +I also started talking to a psychologist in late September and I cannot understate how critical that was to me starting to get out of a really bad headspace sooner rather than later. Health (including mental) is wealth as they say, and the last six months has really been showing my just how true that is. + +So I made money but now I'm just another lonely single degenerate autist again. + +I joined you in a seemingly elevated state of being, now I have been struck down from that pedestal. Frankly, I've realised it isn't all I'd cracked it up to be. + +On that note, given everything I've realised and figured out (which is a *lot* given how thoroughly I analyse and overthink things to understand *why* things happen) I'm glad to be among the great unwashed and prefer that greatly to the thought of being used and abused by her again. + +My focus is on myself for the moment, and while I feel like I'm coming out of a heroin addiction trying to shake my bad love habit, I have been making a lot of positive progress for myself. Plenty of setbacks too, but a net positive trend, which is encouraging. + +\- + +To put things into some better context, I threw together the following Google Sheets column graph to show the growth in my net position over the first 12 months and the relative impact of taking losses/profits across that period. Note it accounts for a pre-IPO investment, but that's only 2k which isn't much of my total amount saved/invested at this point. + +[Idk if I actually made this correctly, most of the growth is savings obviously](https://preview.redd.it/1hhwewg2ckg81.jpg?width=1148&format=pjpg&auto=webp&s=d394bad34b7b634e755af2d55b4397ccdbc091d1) + +Another thing to note is that while most of that 8k profit was actually realised in December, some of it was taken across August-November. I just couldn't be bothered to figure out the individual profit/loss figures for each month, sue me for laziness. + +In January I paid down the last lump 3k of my car loan which is why the December profit seems to totally vanish. I'm reading The Snowball and so parting way with 100,000 future dollars was an incredibly difficult thing to do. Eliminate liabilities first is what I keep telling myself, still feels like an arterial puncture wound given how well I did for myself in January (3k would've been more in my key growers). + +I've definitely been doing better for myself in the latter end of my first year. + +I'm pretty chuffed with the 2.5k real profit in January, which is just shy of a gross ROI of 9% in one month. I also timed the market perfectly (which is a lot of luck tbh), selling my key January growers on the Thursday. + +On Friday the market collectively shat itself almost as hard as Scott Morrison did at Engadine Maccas, and the correction happened. I felt pretty smart because while it was mostly luck, I did make a decision to realise the profits and not get greedy. + +I made a decision that was the correct one, so yay. + +I'll also give myself props for saving as much money as I have in such a short time period. It has taken a lot of discipline and extreme frugality to achieve, living practically bankrupt week-in week-out for the past 12 months because I dumped every paycheck into my portfolio the second I got it. + +That is admittedly a very bad and stupid habit, which I've now stopped. I drew up a very autistically comprehensive budget at the start of January which I'm quite happy with. I digress. + +\- + +As of today, my current market position is as follows: + +[Net Market Position](https://preview.redd.it/g55hht6qckg81.jpg?width=1864&format=pjpg&auto=webp&s=d04b04243ebbea4441f8d6f955d8f8c1a0b06dc6) + +To be honest this one is probably the most confusing but like any spreadsheet, only the crazy person that made it can ever really understand it. + +Basically I count money out of my debit account into my portfolio as negative, credits as positive, so I know the underlying real investment. It works ok give me a break. + +For general interest below is the summary of all trades lifted straight out of the CommSec Confirmations screen: + +[Someone can probably make sense of what this says about me as a trader, I can't](https://preview.redd.it/ascf2bpadkg81.jpg?width=1129&format=pjpg&auto=webp&s=0935837b53163f49daf0bd5545d522e6bdd1be18) + +What I gather from the above is that I have been actively trading quite a lot. + +I also judge myself as doing pretty shit in broad terms, considering I've moved 168 grand through the markets and only have 4k profits after tax to show for it, a 2.4% ROI (fucking *shite*). + +Having said that considering it is only my first year of trading, I have made money and I consider that a good thing. Yes there have been crazily positive market headwinds during most of that time, but that doesn't guarantee making money. It's a start, but as most should know the key isn't one off stroke of brilliance moves, it's consistency. Consistency is key, and that's the key test for myself going forward. + +\- + +For some fun here are some key figures of my biggest individual gains, losses, and a few 'would have been could have been' if I was more patient. + +Biggest gain: GL1 - 203.76% profit, $3000 gross profit, $2100 net profit (assuming 32.5c/$1 tax), 88.3% Net ROI. + +Biggest loss: SRK - $795.89 (was -$1659.41 but gained a bunch back in January). Unsure of net % loss, I was trading it too much. + +Funniest loss: RNU - sold 29th Dec at 0.120 for a $96.15 loss, it proceeded to moon literally the next day of trading. Colour me embarrassed, bit of egg on my face. + +Missed gains: + +HWK/AZL - held at 0.042, sold out in June. 350% potential gain missed. + +GL1 - held at an average 0.262, sold at 0.511 for a 200% profit on the 31st Dec. If I'd held another week it would've been 320%, another two weeks would've been 515%, another 3 weeks nearly 6 bagger for a 580% profit at the peak. Sort of cheated myself out of another $3750 in profit. To be honest though I'm happy. Made a decision to be happy with a 200% gain, didn't let greed drive my choices. + +TOE - bought at 0.016 on the 10th August, sold at 0.023 on the 3rd of September, it continued to moon to what could've been a 200% profit. In my defence, I was in the most fucked headspace I have ever been in during that first week of September. I was so broken, depressed and forlorn I was absolutely certain nothing good would last, so I sold in a fit of immense pessimistic doom about everything. Silly depressed me. + +Theresis others but thems the big ones that done got getted away furm mah dumbass. + +\- + +Currently my market CommSec portfolio is at a 8% loss which I expect will worsen in the next few months. I've consolidated my capital and have less securities relative to what I once held. I've concentrated more money in a few key positions (by volume), one of which is what I consider my first true deep value play. + +I'm bearish for the next 12 months just because all markets have been so crazily overheated over the past two to five years something has to give, and a 10% correction isn't it. + +Nonetheless I'm very excited to see if my key bets come good in the next six months or so. + +If you're still here, thanks for reading. + +\- + +TLDR: money doesn't buy happiness but I've been thoroughly enjoying myself and generally trending in the right direction over my first year of trading. + +Cheers fellow autists. +My wife and I have 2 kids in daycare and we pay ~$2750 per month. We live in NY, which currently has a shelter in place order in effect, and we haven’t sent the kids in 2 weeks. We aren’t planning to send the kids back anytime soon. The place has remained open (considered an essential business) and one of our kids teachers texted my wife and told her that there are only a handful of kids showing up daily, and that her hours have been cut. + +Yesterday we received an April invoice for $2450, with a note that they have to continue to pay salaried staff and overhead during these times. + +My wife and I are debating how to proceed- do we suck it up and pay (basically the equivalent of burning cash in our backyard) or try to negotiate a further discount? Thanks! +Disclaimer: Not gonna beg for money. I'm fine physically. +However, I just got in a car wreck this morning and now I'm walking into a dealership with an envelope containing $6,000. +That $25-$50/paycheck is worth every penny. + +Edit: +I know I would get a better deal from a private party sale. I just never bought a car from a dealer before so I figured I'd see what it was like. I didn't buy anything. +Instead I bought a 2004 Chevy 2500 diesel to replace the truck I wrecked. I picked this guy up for $4k title in hand just registered it and transferred my plates. Now just waiting on then insurance check to come in to refund my emergency fund. +I got $100K available for dividend investment, how would you play this?? + +Started to research for dividend stocks to add to my portfolio, and I cant decided whether buying 3M or KO + +I saw that both companies increased dividend over the last 20 years .. + +but ko financials seems much mire stable. + +if you had room for only one of those stocks, who would you pick ? + +&#x200B; + +https://preview.redd.it/28034inb1qj71.png?width=1214&format=png&auto=webp&s=6cb187f21112fbea3de9580689766edd004b5936 +Fast growing family and fast growing income over here. Is there ever a point where an HSA isn't a good idea? + +Context, we've had 4 kids in 5 years - so you can imagine on our HDHP + HSA, there were 4 years where we hit the out of pocket max and wiped clean our HSA. In fact this year because the investment portion is down, we might actually not have enough in there to cover an out of pocket procedure. + +It's also a lot of work making sure all the bills are paid for the co-insurance and deductible and my wife keeps asking me is it worth it? Should we have just chosen the plan with no deductible and higher premiums. + +Obviously that ship has sailed but as someone who only has 8k in a family HSA (I've contributed the family max for 4 years straight), she's got a point. + +For folks that have families and use health insurance regularly, is an HSA still part of your FI journey? + +&#x200B; + +Edit: For those outside the US, each birth was around 50k of which we're responsible for the first 3k and then 10% of the overall bill (so 3k + 4.7k). The HSA family max is $7200 for the year. So one birth and you're basically maxed out/wiped clean for the year. +Welcome to ElonGate 💫🚀 Launched a couple of mins at time of writing! + +Presenting... ElonGate from Elon Musk's tweet himself. + +A straight out FORK from SafeMoon and SafeGalaxy. Rug-free and locked by DxSale! + +&#x200B; + +Tokenomics: + +\- 5% Burnt every transaction + +\- 5% Back to Holder + +\- Dev burnt almost all his tokens - my man + +\- Liquidity locked! + +Website: Sexy website on the way! + +T: [https://t.me/ElonGateChat](https://t.me/ElonGateChat) + +BSC: [https://bscscan.com/address/0x2A9718defF471f3Bb91FA0ECEAB14154F150a385](https://bscscan.com/address/0x2A9718defF471f3Bb91FA0ECEAB14154F150a385) + +BUY HERE: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x2A9718defF471f3Bb91FA0ECEAB14154F150a385](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x2A9718defF471f3Bb91FA0ECEAB14154F150a385) + +Charts: [https://poocoin.app/tokens/0x2A9718defF471f3Bb91FA0ECEAB14154F150a385](https://poocoin.app/tokens/0x2A9718defF471f3Bb91FA0ECEAB14154F150a385) + +Burn Tx: [https://bscscan.com/tx/0xa7604bffdec8dab2d4ea0c628f83e442546fed72ba51089a98baf63b5282d1a1](https://bscscan.com/tx/0xa7604bffdec8dab2d4ea0c628f83e442546fed72ba51089a98baf63b5282d1a1) + +[https://bscscan.com/tx/0xfc1101b2156fb6bd3fd56b672634736bebf6e2ec29ceac92c09ea03a59e7d1f9](https://bscscan.com/tx/0xfc1101b2156fb6bd3fd56b672634736bebf6e2ec29ceac92c09ea03a59e7d1f9) + +&#x200B; + +Get it while the price is cheap! We are shooting to the moon, boys. +One of my friends from high school has voted for the Liberal Party for every election since he turned 18 in 2013. He blames the ALP for our high cost of living through petrol taxes, carbon taxes and high income taxes. He says that the [recent tax cuts](https://www.abc.net.au/news/2019-07-04/full-federal-government-tax-cut-passes-the-senate/11277002) are a step in the right direction. + +One of my coworkers has voted for the Liberal Party for every election since he turned 18 in 2007. He believes that the Howard government set a solid foundation for economic growth in Australia, and that the ALP is just stealing the credit for Australia not suffering too badly in the [Great Recession](https://en.wikipedia.org/wiki/Great_Recession). He also believes that Australians, including himself, should be willing to accept a cut in public services so that the government can remain in surplus instead of saddling future generations with debt. + +But what is the real reason for Australia's high cost of living? It just seems odd to have such a high cost of living when we are able to produce far more than enough food and minerals for ourselves. + +* Are we not building enough houses? +* Are our taxes too high? +* Is our bureaucracy too bloated? +* Is our minimum wage too high? + +P.S. We live in Western Sydney. + +**Edit**: I am not a Liberal Party voter. +If my boss could be let go, so could I, so it suddenly seemed important to take a hard look at my FIRE numbers. + +I am still about 4 years away from my FIRE number, but I could Barista Fire with what I have now with my side gigs. If it wasn't for the cost of health insurance for me and the kids, I could probably Lean Fire right now. + +So I was reassured. + +But my boss was both anguished (which I would have been too) and terrified, which makes me think there are no savings or investments to fall back on. + +Even though I am not FIRE, just being on the path to FIRE and having a bunch of that stuff already figured out is very comforting when you are helping someone who got fired carry boxes out to their car. +I realise we’re all smooth brain monkeys, but there are people out there who know what they’re doing (I assume) and some of us might have figured out how to copy them. I know that many of us copy the moves of random posters with zero credibility in a heartbeat, so presumably someone’s stumbled on a way to copy someone who’s actually reliable. + +I mean, you don’t need to be Warren Buffet if you can just copy Warren Buffet *taps forehead* + +Teach how? +I realise we’re all smooth brain monkeys, but there are people out there who know what they’re doing (I assume) and some of us might have figured out how to copy them. I know that many of us copy the moves of random posters with zero credibility in a heartbeat, so presumably someone’s stumbled on a way to copy someone who’s actually reliable. + +I mean, you don’t need to be Warren Buffet if you can just copy Warren Buffet *taps forehead* + +Teach how? +I know it can range a lot, but I wanted to hear from people generally more frugal and/or budget conscious. If you google how much a newborn costs per month, the numbers just seem insane to me. I have a hard time believing the average amount a newborn costs is $1500 every month in the first year... + +I do want to keep it open ended and not focused on my exact situation, but I'll say that my wife is excited about being a stay at home mom and doesn't work currently, so I won't have to worry about daycare or a sudden decrease in our income. Based on what some of my coworkers have said, it sounds like daycare is their biggest expense. +My wife had a 401k that she was making contributions to through her employer. If she gets a new job that offers 401K contributions, is she able to have those go into her existing 401k? Or, will she need to get management of it transferred to whichever financial company works with her new employer? + +Does it actually not matter? or are there steps I should be taking right now to ensure financially smart moves? + +EDIT: Hi, I just wanted to say I appreciate all the feedback that you guys have provided and I’ll probably really go through it tomorrow. I get it I messed up (kinda?) I had the best intentions and just got fucked but ¯\(ツ)/¯ + +EDIT 2: Not exactly sure why the post is locked but I’ll look through all the comments later, thanks! + + +I think this is ok to post here but I just wanted to vent and warn people about buying gift cards from target. I recently went in the store to purchase apple store gift cards as part of a promotion to buy my dad a new phone. + +I purchased $600 worth of apple gift cards from target. Each one was activated in a separate transaction all around the same time. What little did I know that within 10 minutes of activating a card someone somehow knew the code and redeemed it before I could walk out of the store. The cards were sealed, I’ve talked to apple who was able to mark the accounts that stole the cards as fraud but they can’t get my money back. + +After speaking with two target managers they basically said that sucks and even when I called the police to file a report even the police wouldn’t file one. Corporate has not been helpful either as they’re “investigating”. It is just a continuous loop of shifting the blame. + +So today was a sad waste of time and now I don’t have the money for a Christmas gift. + +Anyway I wanted this to be a PSA not to but physical giftcards in target. After doing some research there is a actually a class action lawsuit against target for this kind of fraud. + +https://topclassactions.com/lawsuit-settlements/money/gift-cards/target-itunes-gift-cards-scam-class-action-lawsuit + +If you guys have any advice on how to proceed I would appreciate it and thank you. +Firstly I don’t mind 9-5pm. But of course we have our days. It’s totally respectable and I do like it. + +What I don’t like is being dependent on it. I hate how companies can easily dispose of their workers depending on how the CEO or manager feels. I also want to start a family And see them as often as possible. + +I don’t want to be dependent on it anymore. But rather let it be supplement to my life. + +I will be entering the housing market as a FTB. I will be putting down 40-50% on property of £250k-£270k. I started investing in 2020 to an index fund and also some cryptocurrencies. + +But I want to hear from people who no longer depend on a company to live their lives. Perhaps you still work part time but it’s more of a supplement. Please share. + +Edit: I don’t want to be a YouTube content creator. Thanks. + +Edit: Also I don’t have kids or partner yet! But thinking of renting out a room when I buy home as another avenue to income. +Around a year ago, I started using Brave as my primary browser. And today I noticed on the homepage that I reached 1 million trackers and ads blocked, which is pretty shocking. Additionally, I was essentially PAID to browse as I normally would -- with the recent run up in the price of BAT this amounts to \~$165. Obviously not a significant amount of money, but I think the concept is awesome regardless. + +The browser itself works well, and the only issues I have with it are: + +* You can only "cash out" via an Uphold wallet, which is KYC and has high fees. +* Some issues with receiving BAT payments on time. +* Can't enable BAT rewards on my iPhone, due to Apple's policy. + +To those of you on the fence, I would suggest at least trying Brave. You can enable / disable BAT rewards (to earn BAT there are some pop-up ads that appear) as you please, so there's really no downside to giving it a shot. I think there are decent arguments on both sides about the value of the BAT token, so you can determine for yourself if enabling BAT ads are "worth it" for you. + +[Brave\/BAT Summary](https://preview.redd.it/p9owsa5d9no61.png?width=2082&format=png&auto=webp&s=b6164b213a07c39ccd5915c247cd2972a26ea4e2) +Last week I took a long position on AMZN, after selling my home I had enough to buy 100 shares. So earlier this week I sold a call to make some sweet premium. I got assigned and made profit on both selling call and price difference with strike. I'm planning on selling a weekly put option for income since I have the cash to cover. + +Do any of you have experience with wheeling Amazon? It seems as long as the price doesn't run away from my cash basis, I can probably make 5-7K a week selling put options. And if assigned, so what, it's Amazon. Any advice or nuance would be appreciated. +So a close friend of mine has around $2000 in Australian dollars and wants me to exchange it to USD and invest it for him. I told him that I wasn't comfortable with it considering it wasn't my money on the line, to that he said that it's just been sitting in a safe for the past 10 years losing value and doing nothing (which is a very valid point)so he doesn't care if I lose money or not on it and doesn't care how I invest it, just once I double it and give the initial amount back to him with a little extra then it's all mine. +I'm thinking of using it in the wheel strategy, just give him around 50% to 70% of the premiums it earns until he gets his initial investment back and some extra +Should I do it this way? +I know how to handle my own money but someone else's is a bit different. + Typicality I wheel strategy with a chunk of my cash and half the gains I make go into my long term investment while the other half gets thrown back into the wheel. I've done decent with it. +It's pretty fucking plain and simple. If he did, the truth would be out. Hella FOMO would follow just like what happened in January. Hedgies are fuked, just like they have always been since the beginning of this saga. Especially with DRS. This is the equivalent to slapping a game genie on a GME game cartridge. Think about it. +End of Transmission. +I always check GameStop for items when shopping before any other place. I know weve all searched for an item on their store just to find out they do not have it. Lets get a good list going because this could catch their attention and give them some pretty good ideas for additions. Remember their Q3 earnings call - they want to be judged by their revenue numbers. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +https://www.codofi.com + +Telegram: https://t.me/CornDogeFinance + +Here's some things you should know about CORNDOGE + +1. Presale Sold out in 7 Seconds / HARD CAP OF 500BNB + +2. #1 Unvetted on Poocoin + +3. Just Launched + +CornDoge Finance is the next opportunity to get out from lurking endlessly to find your special moon and get on board with a team that has an experienced developers at the helm and a full team ready to take this community to the next frontier. + +With ownership immediately renounced, liquidity burned, and no team wallet, this token is unruggable and backed by a squad that knows how important community is and can move this holder count past its current… uhh 1900? 2000? I don’t know the numbers climbing as I’m writing this but it’s absolutely nothing compared to what other projects have so the only question is why are you still here? + +Seriously, this coin just launched today. How often do you get to be in on a coin that just started? In this space where almost everything is 5x-10x’ing out the gate and we’re just getting started in the bull run, are you going to let another token get away from you that you had a chance to put a small investment in and see a year’s salary pop out? + +On BSC with low fees, CornDoge Finance is going to be a name you’ll be seeing for the next couple of weeks, so jump in on the ride or end up feeling sick from the dust it leaves as it joins the next wave of million dollar coins in this bull run. BNB just hit $600 again, how can you not be picking up everything on BSC you can? Especially when there’s a funny website, a smart team, and optimal DOGENOMICS. + +Do yourself a favor and make today the last day you worry about your initial. Links below + +🐶🐶🐶 Dev Doxx video: https://www.youtube.com/watch?v=XCdscaeQ41c 🐶🐶🐶 + +🔓 LP Tokens Burned: https://bscscan.com/tx/0x3f19c8f15b9e838b01f7487759278f70507c7676a73e8e7ad38552d451cba072 + +🔓 Ownership Renounced: https://bscscan.com/token/0xe8E90a5F28186E223BAfff01ddb942d28c7F12c6#readContract + +🔓 Liquidity LOCKED (Cannot be changed due to Ownership Renounce) + +https://dxsale.app/app/pages/defipresale?saleID=472&chain=BSC + +🥞BUY NOW🥞 PanCakeSwap: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xe8E90a5F28186E223BAfff01ddb942d28c7F12c6 + +Contract: https://bscscan.com/token/0xe8E90a5F28186E223BAfff01ddb942d28c7F12c6 + +Chart poocoin: 0xe8e90a5f28186e223bafff01ddb942d28c7f12c6 + +CURRENT AUDIT: https://github.com/TechRate/Smart-Contract-Audits/blob/main/Corn%20Doge%20Finance.pdf + +WHITEPAPER: https://10a41138-a478-4b93-8523-3fe15d6f11c0.filesusr.com/ugd/8d5eb6_7b36dc1caaf34c11bb45ca59c7bee028.pdf +**Let me tell you why I believe that SafeGem is a project with the strongest fundamentals on BSC right now and can be potentially a huge moonshot.** + +&nbsp; + + +* SafeGem is exploring the yet **untouched niche in the crypto space** that holds huge amount of potential, NFT authentication of precious stones. + + + + +* Professional team consisting of 4 members, two devs and two managers with long professional resumes. + + + + + +* Amazing community of holders who've all set eyes for marketcap in the hundreds of millions and will not settle for any less. + + + + +* Current market cap is **ONLY $4m,** which means that **if SafeGem reaches SafeMoon it will 1200x our investments from here.** + + + + +* **It is not just a meme coin** but the team is also working hard to deliver multiple products, one of which is NFT gems platform that I've mentioned. + + + + +* **Coingecko and Coinmarketcap listings are expected to happen any day** now and we've all seen what happens to young projects when they do, also that is when the heavy marketing starts and team starts using the marketing wallet. + + + + + +* **NO big whales** with additionally implemented anti whale mechanism where only 0.1% of max supply can be sold(or bought) at once. + + +&nbsp; + + + +Also the team has recently announced that a full rebranding is in store with **new logo and new website** expected to be released soon. Also, besides the NFT contract and platform, +the devs are working on **multisig wallets for marketing fund.** + + +&nbsp; + + +**How Safe is SafeGem?** + + +&nbsp; + + +-**The team** has put a lot of effort and thought into making this one of the safest and most transparent projects out there. Liquidity is locked on DxSale so no rug is possible and there are almost no huge whales. Top wallet is the marketing wallet that holds "only" 1.5% of the max supply for which the **multisig wallet** is implemented soon, which means that **all four team members will have to approve any transactions.** + + +&nbsp; + + +Here is what you need to join SafeGem community: + +📱Telegram: t.me/safegemtokens + +💎 Website: safegem.finance/ + +🍰 PancakeSwap link [Use V1]: v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0 + +🔗 Contract address: 0xDfDec49462f7D3C3b0A48E729F77A0645CDFA7c0 + +📈 Poocoin Chart: poocoin.app/tokens/0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0 + +🦄 Medium: safegemfinance.medium.com + + +&nbsp; + + + +**Some other things to know before adding GEMS to your portfolio:** + + +&nbsp; + + +Use V1 on PancakeSwap to purchase + + + + +Slippage 13% works the best + + + + + +Max Transaction amount: 94,000,000,000 GEMS (94Trillion) +Basically, I’m currently employed and considering leaving my job for a number of reasons. I’ve just received an offer with a new company. I made the unfortunate mistake of giving a salary range before learning about the new company’s benefits, and I definitely undersold myself. The company just gave me a formal offer with a salary at the bottom of the range I gave them. It’s about a 12% increase from what I make now, but I’d be losing some pretty fantastic benefits. I don’t really feel like I can complain, but truthfully this would be a lateral move. I plan on negotiating, seeing as this isn’t enough to get me to move. + +Now, my current company has just given me a bonus of $5k, but it won’t hit my account until the end of the month. If I accept this offer I’m almost certain they won’t honor the bonus and I can’t blame them. Would it be unprofessional to mention this bonus in my negotiations with the new company? Or should I stick to talking about the benefits? + +Delaying my start date doesn’t feel like an option seeing as I’d have to delay it almost 6 weeks to avoid giving my notice before the bonus is paid. + +EDIT: Thank you guys for all the encouragement and advice! I thanked them for the offer but told them truthfully what I needed to make the move worthwhile. Fingers crossed. + +To all the folks recommending I just hang around till the bonus is paid and leave without notice—my industry is fairly small and people move around a lot, so there’s a good chance I’ll end up working with some of my current colleagues again in the future. Burning bridges isn’t really my style and it’s definitely not a smart move in my case. +~~Good for you for getting on the train. Next stop: the future.~~ + +~~We all know Ethereum is the best and we're happy you're on it but oh my god, stop with these stupid fucking "Finally got 1 Eth" and "Me tracking my $20 of Eth" posts/memes.~~ + +~~They aren't funny, they are overdone, and contribute nothing.~~ + +~~Go for a walk for christ's sake. Or do whatever you can to buy more. But the circle-jerk of crypto-babies has got to stop.~~ + +Edit: Damn, I guess I've lived long enough to see myself become the villain. 😔 + + +Edit 2: I take it back guys, a gentleman hodler never says such things. Welcome to the blockchain and catch ya on the flip side when 2.0 comes out proper. +Guys, even though Bitcoin maximalists say that smart contracts are crap, now they are wetting their pants because they are getting a federated (= trusted) merge mined side chain with a copy paste of the Ethereum virtual machine. + +This is the pinnacle of Bitcoin development. + +Obviously this is the future, so sell all of your ETH now. /s + +https://np.reddit.com/r/Bitcoin/comments/6b7a4t/rsk_is_launching_in_8_days/ + +https://www.youtube.com/watch?v=_Hy1fy1vJxk + +https://np.reddit.com/r/Bitcoin/comments/6b9dsk/what_is_bitcoin_rootstock_rsk_and_why_should_you/ +I've opened a few bank accounts over the last month or so just to try them out and see what's been happening outside of Monzo. Revolut and Starling both have their perks, but you always hear amazing things about First Direct, so thought I'd give them a try. + +Opening an account with them was - by a LONG way - the most difficult of any debit/credit card I've ever opened, and when I got to the end of the week+ process...the app is incredibly bare-bones and boring? There's nothing interesting going on in there, you have to set up like 5 different passwords/secret answers, the entire thing just seems incredibly basic and I don't understand why everyone sings their praises. + +Is it a legacy thing? I'm aware FD had an app and other things long before the other high street banks, but is that the limit of what made them stand out? Since they don't seem to have 'kept up' with the challenger banks in this regard. The only other thing I can think of is the customer service, but I've never had an issue getting help/resolving issues with Monzo either. + +I'd love to hear thoughts from FD users to help me understand what makes these guys a great bank? I really don't mean this in a smarmy way at all, genuinely curious. To my eyes, it's a very basic bank account that does less than my other accounts and is much more hassle to manage. + +EDIT: Thank you all for your responses, sounds like I was largely correct that it's legacy and their telephone banking service being exceptional - for me, telephone banking is entirely irrelevant but I can see why they have such a positive image as a result especially as one of the first banks to have an app. +I'm trading for 4 years now and blowed up my account several times. After studying and not giving up, I think I have found my way to trade and can finally start to grow my account slowly but steady. Here are my worst mistakes, maybe it helps one or two people out there: + +- I used much too high lot sizes: the amount of money I saw going up and down was not comfortable for me. I just wanted to get the big money + +- I changed my stoploss several times during the trade and gave it more and more room, till the big loss happened. + +- Then I revenge traded and lost twice + +- I followed no strategy and hopped in the market when I thought "this must be a good entry" - you need confirmation! + +- I got greedy and didn't know when to exit the trade + +- I overtraded and wasn't focused anymore (still happens sometimes) + +- I had no time for trading, because of work etc, and still opened nearly blind positions, "just to trade" - trading is no game (yes I know, it's still some kind of fun) + +Had this to share, to also remind myselfe ;) + +Happy trading! +I'm trading for 4 years now and blowed up my account several times. After studying and not giving up, I think I have found my way to trade and can finally start to grow my account slowly but steady. Here are my worst mistakes, maybe it helps one or two people out there: + +- I used much too high lot sizes: the amount of money I saw going up and down was not comfortable for me. I just wanted to get the big money + +- I changed my stoploss several times during the trade and gave it more and more room, till the big loss happened. + +- Then I revenge traded and lost twice + +- I followed no strategy and hopped in the market when I thought "this must be a good entry" - you need confirmation! + +- I got greedy and didn't know when to exit the trade + +- I overtraded and wasn't focused anymore (still happens sometimes) + +- I had no time for trading, because of work etc, and still opened nearly blind positions, "just to trade" - trading is no game (yes I know, it's still some kind of fun) + +Had this to share, to also remind myselfe ;) + +Happy trading! +Went to the eye doctor for a follow up and I have the start of glocoma. Hopefully eye drops the rest of my life will let me have some vision till I die. I am 38. I also have ankylosing Spondylitis which is an autoimmune disease that attacks my joints and makes me hurt every minute of the day. It will disable me someday. I don't have a chance of making it to retirement I will have to go on disability eventually. This gamestop squeeze and the company it's building into is going to give me the money to buy a good chunk of land, build a house and start a homestead. I'll get to quit my job and work my land till I can't any more. I'll get to spend my days with my kids instead of being too tired to do anything because I worked. I hold for people like me who won't have this opportunity without this awesome company. It's time to take back from the rich what they have stolen from the poor for so long. +My filthy apes, + +Quickly addressing the elephant in the room. I took a mod position with Superstonk and GME\_Capitalists this week. + +I receive hundreds of username mentions on DD posts for clarification and whatnot. I try and respond to people's chat, but I receive so much that it just gets overwhelming. This gets very messy when trying to respond to each comment on a post. Moderation lets me sticky a comment at the top for everyone to see what my thoughts are. So when enough people tag me on a post, it finally gets my attention. + +My only request for becoming a moderator was that they would let me dedicate just as much time to my own research. Please thank your mod team for creating a new system that allows people like me to have the best of both worlds. + +I do not believe in removing posts because the 1st amendment is your right to say what you feel. Unless you're posting porn or something that explicitly breaks the rules, I will just sticky a comment on a post and leave it alone. (hehe... porn and sticky in the same sentence). + +FURTHERMORE, Reddit keeps preventing me from logging in, at random times... literally unable to log in on any device. This happened to me this morning. During this time, The EVERYTHING short was apparently unavailable while a user was trying to find it. I don't know if the events are related, but as soon as I was able to log back in, my post reappeared. + +Edit: Apparently Reddit went down for a while and it wasn't just me. + + Given all of this, I'm just trying to mow the f\*cking yard for an hour and leave Reddit alone. + +&#x200B; + +BTW, I didn't remove the [Chaos Theory](https://www.reddit.com/r/Superstonk/comments/mokvhk/chaos_theory_the_everything_connection/) post. +Delta 0.95, dte 28d. If the stock goes up, the call will be more itm and delta will be higher, which is good. If the stock goes down, delta will become lower and hurt less. There isn’t much premium to pay when buying the call. What do you think? Thx. +***NOT. FINANCIAL. ADVICE.*** + +*(Re-posting this again. I previously posted it at an ungodly hour for most Apes, so was requested to share again.)* + +I have seen quite a few posts recently about The Motley Fool's business model, and decided to look a little more under the hood. From what I can see, they may have quite a direct connection with Citadel, and potentially enjoy a symbiotic relationship with them (through an important middleman). Here is what I found... + +**Citadel's' relationship with Interactive Brokers** + +Interactive Brokers launched their "free" service - IBKR Lite - in late September 2019. Of course not free, because it is using the payment for order flow model, targeting retail customers, in exchange for Citadel getting huge amounts of valuable trading data. + +Who do Interactive Brokers receive the majority of their payment from for these payment for order flow transactions? None other than Citadel Securities, with a payment received of $0.005 per share traded...which I am sure adds up to a hefty sum earned overall since that time. + +More details here: https://www.elevatecapitaladvisors.com/news/20191007 + +So just how much does Interactive Brokers rely on Citadel for this IBKR Lite service to work? Well, they are required to disclose some of this information - as they themselves have stated on their website: *"U.S. Securities and Exchange Commission rules require all brokerage firms to make publicly available quarterly reports describing their order routing practices."* + +The most recent of these 606 filings to the SEC is from 2020 Q4, and available to download here: https://www.interactivebrokers.com/ibkr606Reports/IBKR_606a_2020_Q4.pdf + +I am not going to do all the sums, but you will see one thing very clearly and easily: almost all positive payments they receive are from Citadel Securities and Virtu Financial. So this IBKR Lite product would not be viable without payment for order flow from Citadel and Virtu, as they pretty much supply all the revenue to Interactive Brokers. + +**Interactive Brokers' relationship with Motley Fool** + +Motley Fool has several subsidiaries within their overall business. Another user posted about Motley Fool Asset Management earlier, but let me introduce another one of their entities, Motley Fool Wealth Management: + +https://foolwealth.com/ + +Their pitch to investors is: *"All of the Foolish investment philosophies you love — none of the day-to-day investing hassles you don't. Learn how we can help you protect and potentially grow your wealth."* + +They are by no means a small buy side firm - they have assets under management of over $2.2Bn. And anyone who would have kept an eye on The Motley Fool website would see that the holdings in their funds are pretty much most of the stocks that get picked (in their pay service) or pitched (in their free newsletter): + +https://whalewisdom.com/filer/motley-fool-wealth-management-llc#tabholdings_tab_link + +Note that the way they manage customers' funds are through something called Seperately Managed Accounts (SMA). These are a type of financial product that has been around for decades, but not typical of most reputable buy side firms. Here is the explanation of what these are from the Motley Fool Wealth Management website: *"Separately Managed Account is simply a private portfolio of individual securities that is actively managed by a professional investment firm."* + +Now the thing which especially caught my attention is what happens if you hand over your money, for Motley Fool Wealth Management to take care of on your behalf using an SMA. They have made it very clear that the only way to become a customer is by also concurrently opening an Interactive Brokers account: + +https://foolwealth.com/info/about/terms-of-use + +*"Brokerage and custody services for our SMA Program is handled exclusively by Interactive Brokers, LLC (“IB”). Accordingly, as a condition of participating in the SMA Program, you must be an IB account holder or open and fund an account with IB."* + +Additionally, they have made it very clear that all the custodial and brokerage fees for trading fees are to paid by the customer to Interactive Brokers (on top of the usual fund management fees, that is): + +https://mfwm.zendesk.com/hc/en-us/articles/360022466332-What-Fees-Are-Associated- + +*"In addition to the management fee you will pay to Motley Fool Wealth Management, you will be responsible for the trading and account level fees that are charged by Interactive Brokers (IB). Typically, those account fees include: Commissions of $0.0035 per share of stock traded."* + +Another Ape with a wrinklier brain than mine could probably go through the 13F filings data available on +WhaleWisdom, to figure out how much trading of assets Motley Fool Wealth Management are doing each quarter. And from there to work out just how many millions of dollars of trading fees that Interactive Brokers receives as a result of this trading activity (by default). + +However, just looking at the top 5 holdings changes in 2020 Q4, it seemed to be in at least the magnitude of hundreds of millions of dollars that Motley Fool Wealth Management were trading in or out of the fund. All of which is only possible through Interactive Brokers, and all of which is to be paid by their customers to Interactive Brokers... + +**So, what's the connection then?** + +Well, Interactive Brokers appears to me to be in the middle of a three-way with Citadel and The Motley Fool. On the one hand, their payment for order flow service for retail is pretty much only possible because of Citadel. And the Motley Fool Wealth Management business model also has a very close financial relationship with Interactive Brokers as well. + +At the very least, it is publicly available information that there are significant amounts of money flowing between two sides of the triangle. That is, between Citadel and Interactive Brokers, and between Interactive Brokers and Motley Fool Wealth Management. This much is clear. + +So only one degree of separation between The Motley Fool and Citadel...with potentially Interactive Brokers in the middle. Given how much Interactive Brokers are benefitting financially from the relationship with both The Motley Fool and Citadel, it is not a stretch of the imagination that they facilitate some interaction between the two. + +Given how much anti-GME sentiment is expressed, on almost a daily basis, on The Motley Fool site...could the unseen hand of Kenny G be playing a part? (This is purely speculation and conjecture on my part, and I have no evidence to back up this claim. But just an observation of some potential influence that could be possible, through the obviously close contacts between these three companies.) + +**TL;DR** + +Interactive Brokers receives significant sums of money from both The Motley Fool (through their Motley Fool Wealth Management subsidiary) and from Citadel Securities (through their IBKR Lite payment for order flow product for retail users). + +There is certainly a possibility that they facilitate some interaction between the two, with Citadel potentially directing some of the content in The Motley Fool's paid and free publishing. +https://www.cnbc.com/2019/08/07/disney-strategy-could-limit-netflix-pricing-power-hurting-long-term.html + +Disney announced Wednesday it will bundle Disney+, Hulu and ESPN+ for $12.99 per month. + +The Disney bundle pricing is the same cost per month as Netflix’s standard offering. + +While Disney’s bundle may not cause many people to switch from Netflix to Disney, it could limit Netflix’s ability to raise prices +**TITLE SHOULD READ: BE WARY OF YOUTUBERS. I’M NOT SAYING STOP WATCHING THEM BUT BE CAUTIOUS. BE ALERT. ESPECIALLY AFTER THIS WARDENELITE DRAMA.** + +Please be a friendly ape and remind your fellow apes that watching or following youtubers right now is a very bad idea. They can easily be bought and can easily make people paperhand. Just by their actions and expressions, they can spread deep internal FUD. + +Watching a potential shill during the MOASS is akin to watching someone puke in front of you after you've both eaten the same food. It will be hard to hold it in. The only difference is this guy's being paid to puke and you've actually eaten delicious tendies. + +Most APES are diamond hands at this point, but there are a few lil' APES who need our strength and support to continue to HODL. + +**Never lose sight of why you bought, why you hodl and why you voted.** + +EDIT 1: APES, be vigilante is all I'm saying. Anyone doing this for money outside of GME tendies should be looked at with a bit of skepticism. They could potentially be paid off to shill, we don't know. The upcoming levels are going to be harder and harder so be wary of FUD and stay true to the reason we're here. APES BUY, HODL and VOTE. + +EDIT 2: For example, WARDEN was one of the mods and some people looked up to him. Look at the mess he left behind this weekend. Stay vigilante. NO SINGLE BETRAYAL IS WORTH THE ENTIRE APE COMMUNITY. APES TOGETHER STRONG, ALWAYS. + +**EDIT 3: Watching Matt Kors right now and he's not even talking about GME, he's just focusing on AMC.** +Hello Penny traders, it is your boy automod here. What are your plays for the next two days in the week? My portfolio has gone down another 30% today so I need help. Please share all **INSIDER TRADING** below so I can make money. I won't call the CRA. + +NEW SUGGESTION: Add your entry, exit and stop loss for the positions. This is a community to learn + +**Downvotes are discouraged. Be friendly, Add** 🚀🚀🚀 **and happy trading** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +For example, If I took out a secured loan for 3-5k and used my car or house as collateral, which I have probably around 50k in equity in my house (still owe a mortgage)? Unsure how much I have in the car, more than likely I am upside down in the loan, however. (This type of loan I would only use as a last resort.) + +If I took out a small loan such as that, but had a much larger collateral, what would happen if I ended up defaulting? + +I am not planning on defaulting IF I did take out a secured loan, but if I had to, I would like to know the consequences (other than worse credit). I know general the collateral secured the loan, but does it still work that way if the collateral is much higher? Also, how does it work when you take owing mortgage or car notes on the collateral into account? + +Thanks. + + +I’ve had a relatively good time in crypto since I began trading small amounts of crypto about a year ago, and luckily, although my crypto holdings have dropped over 50%, I’m optimistic about them coming back up. Afterall, everyone’s in it for the tech, right? + +I love the concept of earning while you do everyday things, and not just the move-to-earn movement Stepn has created. Whether it is watch-to-earn ([Sator.IO](https://www.sator.io/)), traditional OG learn and earns by [Binance](https://academy.binance.com/en/learn-and-earn). [CMC](https://coinmarketcap.com/earn/), [Coinbase](https://www.coinbase.com/earn), and others, play-to-earn ([Axie Infinity](https://axieinfinity.com/)), or surf-to-earn(?) ([Brave](https://brave.com/)), I think it’s quite amazing that you can earn money while doing these things. + +But some of you get extremely radical, saying we are being ripped off for watching YouTube, posting on Reddit, and other things without getting paid in the first place. I’m not sure who people think they are, that they should be getting paid to do voluntary things… Stop with your self-righteousness. Go be an influencer to ask for a free one month stay at the Sheraton because you have 69420 followers on Instagram. +I know it’s popular to say that Presidents don’t have an influence on the economy, but I struggle to understand how certain moves made by the government don’t have an effect on the health of the economy. + +What’s the most likely cause of the downfall of the market? +Are there any policies that can be made to help prevent recessions or is this just the nature of the economy? +I'm entering my last year of undergrad and I'm not totally sure what field of Econ I'm interested in working in yet, but I am interested in Development and Environmental Econ and I've interned previously for a Damages Consultant. If I don't have a specific research objective beforehand, is a Masters degree something I should consider? I'm not sure if this is accurate but I heard from a mentor figure that "Masters are what they give the people who didn't finish a Ph.D" so I'm wondering if within the field of Econ it isn't seen very highly? Right now, my plan is to look for RA positions where they are available when I graduate. I know some basic Python and Stata skills. +I got principles of economics textbook by george mankiw from a friend and it was pretty good but during moving i think i lost the book. +I have read a couple like arm chair economist, basic economics a citizens guide to the economy and undercover economist. The problem is they feel superifical and i didnt feel like i learned anything i didnt already know. I started reading Capital in the 21st century by thomas piketty but it felt advanced for me at the moment. + +So i am looking for something to be detailed with elaborative statistics that pretty much goes into detail about every topic. I dont mind multiple books to cover it all . +Why are the normal price mechanisms not working properly to fix supply shortages? + +Like, if you are ordering a product that needs to be shipped, shouldn't you theoretically be able to simply pay a higher and higher price, until more people are willing to work as truck drivers? (or whatever the bottleneck happens to be) + +When people complain about the supply chain, are they actually implicitly saying that they're simply not willing to pay what it would actually cost to get stuff delivered on time, or is there some more fundamental breakdown of the normal mechanisms of supply and demand preventing equilibrium from even being reached at all? + +I had this question after reading [this post](https://thezvi.wordpress.com/2021/10/28/an-unexpected-victory-container-stacking-at-the-port-of-los-angeles/), specifically this: + +>Normally one would settle this by changing prices, but for various reasons we won’t get into price mechanisms aren’t working properly to fix supply shortages. +Just tapping my taxable accounts, I could go over 2 years. Including retirement accounts and home equity I could go over 5. Has anyone done this, and how has it gone? +[u\/bye\_triangle u\/pinkcatsonacid u\/Grungromp](https://preview.redd.it/2ot06yxivh471.jpg?width=1426&format=pjpg&auto=webp&s=e98f2afd1ed9489be0b91d99153ba0135e52401e) + +# _______________________________________________________________ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +# _______________________________________________________________ + +# Today's Recap 📉 + +# $GME Closing Price: $220.67 + +# Open Price: $282.00 + +# Daily High: $288.00 + +# Daily Low: $211.00 + +# Volume: 22,437,670 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**🖍🍎🚌GME 101🚌🍎🖍** + +*If you're new to Superstonk, start here!* + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +I am back again but have no fear, Pink will be back for the Friday edition of The Jungle Beat, tomorrow. Thanks for being so understanding! + +Also, regarding today's price action, here are my thoughts:At this point, the price doesn't even matter to me. I have been on this rocket since February 1st, and since then I have seen them throw everything they can at the stock to suppress the stock and the sentiment surrounding it... The manipulation of this stock is so blatant at this point, it laughable. Some of you may have heard the saying about how a magician never does a trick for the same audience twice... Well, this is why. + +We have had months to analyze price fluctuations in concert with other data points, tracking all these different indicators and how they react to certain events. We know how this game is played now and not even dipping back to double digits could stop me from buying more. If there is uncertainty brewing, all that one must-see is the fact that we went up for two straight weeks on no news at all-- Suddenly, we get a bunch of good news all at once, and the price drops by nearly 100 points... [OBV isn't budging](https://www.reddit.com/r/Superstonk/comments/nwqrsw/nobody_is_fucking_selling_obv_remains_on_a/) and neither am I 💎🙌 + +I love this stock and I am going to wallpaper my house with GME shares if they make me wait long enough. This company is about to explode in popularity and I got nothing to lose by waiting. + +Cheers,B\_T + +^(P.S. I totally bought the dippest of dips today, and it felt) ***^(amazing)*** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Executive Additions** + +[Credit: u\/Ill\_Illustrator9776 https:\/\/www.reddit.com\/r\/Superstonk\/comments\/nwlqdt\/ ](https://preview.redd.it/o9dsxich1g471.jpg?width=640&format=pjpg&auto=webp&s=376dea47d9f7da70f6c3ee09e859181a0ef6b7c1) + +This had me in stitches 😂 + +Yesterday we got the news that Matt Furlong is the new CEO of GameStop and joining him as CFO is Mike Recupero. Both of these guys are ex-Amazon, both holding high ranks within that company for many years. So, for those keeping track, the ex-Amazon roster within GameStop's C-Suite is as follows: + +\-Matt Furlong **C**hief **E**xecutive **O**fficer + +\-Mike Recupero **C**hief **F**inancial **O**fficer + +\-Jenna Owens **C**hief **O**perating **O**fficer + +\-Elliott Wilke **C**hief **T**echnology **O**fficer + +\-Matt Francis **C**hief **G**rowth **O**fficer + +^((And that not even mentioning the amazing team being built below the executive suite. They have been building out a robust team for months.)) + +Now, I am not a huge fan of Amazon. They are completely destructive to any sort of competition which I believe is a healthy part of life. That having been said, Amazon is a hugely successful business that essentially prints money, and apparently even more so when there is an existential threat like the pandemic. So, I think that this team is going to do wonders with GameStop. I think under the guidance of Ryan Cohen and the addition of Chewy executives, GameStop can take on Amazon and others in the gaming industry... which honestly, shouldn't be too hard given how little attention its competitors actually pay to that side of their business. I am incredibly bullish on what comes next. LFG + +***So much for GameStop going bankrupt*** **😅**\*\*\*.... Sorry short-sellers, it's time to give up.\*\*\* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**😵Counting Confusion 😵** + +Yesterday there was a lot of FUD going around right as the vote numbers came out. Thankfully, you brilliant Apes squashed this in no time. For those that missed it, this was many people's reaction to seeing the documents: + +***oH nO?! ThErE wAsNt OvErVoTiNg!!! SqUeEze OvEr.*** + +[Credit u\/PiezRus https:\/\/www.reddit.com\/r\/Superstonk\/comments\/nwa8bl\/ryan\_cohen\_be\_like\/](https://preview.redd.it/jvcyjlkbdg471.jpg?width=500&format=pjpg&auto=webp&s=62e4cdc37114b43c71be0967413812160c2cd5e6) + +**Turns out, it is even more clear now that there was overvoting.** + +When a company receives more votes than shares in existence, they cannot publish that number on their 8k and go about their business. This is something that got largely overlooked in our AMA with Wes Christian. + +What happens is, the votes get "trimmed" to reflect a more possible number of votes, and the company gets informed of the real number. It is obvious that the number we were given does not reflect the vote, because if accurate that suggests that almost **EVERY SINGLE SHARE** was voted... and as much as we really wish that could have happened, we know that within our community there are many apes who couldn't vote. + +That's not to say that the true number of shares out there is this number we were given + the ones that couldn't vote. What this really means is we have evidence that the vote was trimmed and likely by a lot. Unfortunately, the ball is still in GameStop's court with regards to the true number. Though I would expect to hear something about it from them soon, it is their fiduciary duty to their shareholders to deal with the situation, and we are all watching and waiting. + + +Edit 4:49 PM: Here is an informative DD on this matter from [u/greysweatseveryday](https://www.reddit.com/user/greysweatseveryday/) +[PSA: The Votes Are In! Here's all you need to know.](https://www.reddit.com/r/Superstonk/comments/nwc4mi/psa_the_votes_are_in_heres_all_you_need_to_know/?utm_medium=android_app&utm_source=share) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**💰💲Earnings 💲💰** + +25% net sale increase across the board. Talk about Deep Fucking Value, this company is currently waaaaaay undervalued. Furthermore, they beat "Analyst" estimates by 50% earnings per share... + +You can look further into the earnings report here: [GameStop Corp. Quarterly Report](https://sec.report/Document/0001326380-21-000066/) + +***I am starting to doubt these analysts really know anything at all 💀 lol*** + +With all the documents that came out yesterday, all at once, there are still many wrinkle-brains that are combing through these pages. I think there are a lot more breadcrumbs to find within these fillings, but it will take time. This ape knows what's up: + +[Superstonk 101: Wait a couple of hours and the truth will come out](https://www.reddit.com/r/Superstonk/comments/nw6mz4/superstonk_101_wait_a_couple_of_hours_and_the/) by u/Cheapseats87 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**🐵 Monkey Business 🐵** + +It sounds like everyone had a great time watching Monkey Business yesterday. We had a list of topics that were going to be discussed, but due to the large influx of new information that came out just as we were starting-- it went off track a bit... + +All things considered, I think it went really well for our first episode. I am really looking forward to future editions of Monkey Business. Please let us know what you thought, we encourage constructive feedback! Also, if you are interested in participating in Monkey Business as a guest, or you have a topic in mind that you'd like to see discussed, please let us know! + +If you missed yesterday's stream, you can watch it back, here: [Monkey Business](https://www.youtube.com/watch?v=UDKC_oXqhGM) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**🤖 Satori, Cyber Security, and you 🤖** + +We have been sending messages to approved users from [u/satori-blue-shell](https://www.reddit.com/u/satori-blue-shell/). We realized that this may cause an unintentional security risk. To remove confusion in the future, all messages will be sent directly via the subreddit. You can recognize an official message when the sender information contains "via [r/Superstonk](https://www.reddit.com/r/Superstonk/).” (see below) Any other message from an account claiming to represent Satori should be reported to the moderation team. + +[ Examples of Official Satori Messages ](https://preview.redd.it/jdx20ia9og471.png?width=1342&format=png&auto=webp&s=bde753082a2b7e3ef4f9fb530be8a51a8618e771) + +**The Next Evolution in Seeking the Blessing of Satori** + +When we launched Satori just over ten years… wait… one week ago (time is meaningless right now apparently) we were confident that the tool we had developed could be very valuable to this community. We hoped Apes would be able to see the incredible potential this had to be a total game-changer, but we never imagined this level of positive response and immediate support. Thank you all for your trust and assistance. + +Wanting to make sure we do right by the community, we’ve been hard at work to make sure Satori is the best tool we’re capable of making. From the moment of reveal we’ve been having Apes inquiring how to get Approved status. We’ve had great success with our current system, and we’re now announcing that we’ve made a significant upgrade! From the time of this post forward (like in the comments to this post, if you’d like) if you comment **!apeprove!**, you will send a message to Satori to enter you into a priority list to be approved. You will also then receive a message through the official method (as highlighted above) outlining the updated process. + +We are so happy that we can now give frequent commenters and those right around karma limitations the ability to join the fold of the Approved as soon as possible! + +A couple of quick points: + +* You only need to comment !apeprove! once to be added to the queue. Spamming the command will not speed up your process, and can result in your removal from the Approval queue completely. Shills spam. Don’t do it. +* If you are already an Approved User, then you do not need to do anything more! Keep enjoying the omniscient benevolence of our robot overlord! +* We are now also moving to prioritize Apes who are below- or just above current karma requirements. We want to be able to contribute without the fear of being downvoted into silence. +* REMEMBER: Approval is not an endorsement. It does not mean anything beyond the fact that an account has yet to act in a suspicious way YET. Do not let your guard down at any point. +* 🦧🧠💎👐🚀🦍🌝 +* EDIT: Anyone commenting will be seen by Satori. Even if you don't have sufficient karma to comment, it will get flagged in our system before removal by automod. So EVERYONE CAN GET IN. + +**Now, with that out of the way, a few pieces of housekeeping** + +*Defending the Sub: How to Report Nefarious Activity* + +We have received a TON of help in many forms in keeping the sub clean. This has come in people sharing screenshots of shill posts, sending messages to the Satori team members, contacting mods, etc. Thank you so much for that! Remember, \*We. Are. Satori.\* Our Mind Reading Monkey is only as effective as the community itself. Please continue to be vigilant, use those down/upvote buttons, and if you see something, report something. + +A word of caution: Just because you may think a post feels negative, or you disagree with it's premise or claims, doesn't automatically qualify it as FUD. Be aware of amplifying the echo chamber. And absolutely do not threaten those making the posts. We've got ways to deal with this properly. + +We'd now want to give you specific guidance to allow you to be the most effective with your defense of this sub. + +The absolute best way to draw the All-Seeing Mind of Satori to specific posts or users is to use the "message the mods" function of the sub. This sends a message to the entire mod team, which means there's a greater chance someone will see it sooner than if you message an individual. Satori will then be fed the information given in the message, meaning you reach both parties with one click. It's a one-stop shop to get the report to every single party who needs to see it, and also keeps the sub clear of posts of screenshots of FUD. + +*A Return to Old Tactics: Bad Actors doing Bad Things* + +The last week has proven to us that we're under the skin of those trying to bring the sub down. What we're doing is working. With heavy restrictions in place for posting and commenting, we're seeing a move back to older strategies, as well as a few new ones. There's been a surge in private messages, in downvoting folks below karma limits, reports of suicidal tendencies, and many other strategies to try and unnerve our community. Please be on the lookout, keep your heads on swivels, and if something looks or feels suspicious, report it to the mod team and Reddit. + +Satori co-creator and [r/Superstonk](https://www.reddit.com/r/Superstonk/) moderator [u/catto\_del\_fatto](https://www.reddit.com/u/catto_del_fatto/) did a much more in-depth breakdown of what we're seeing, and what you can do to counter it, in yesterday’s Jungle Beat, which is linked at the bottom of this post + +The-Definitely-Not-Mind-Controlled-By-The-AI-We-Created-Team Satori + +*Want to know more about Satori? Start here.* + +\[Announcement Post\] + +[https://www.reddit.com/r/Superstonk/comments/nplhx7/game\\\_stop/](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/) + +\[Follow-Up Post By One Of The Creators\] + +[https://www.reddit.com/r/Superstonk/comments/nqnora/satori\_the\_first\_36\_hours/](https://www.reddit.com/r/Superstonk/comments/nqnora/satori_the_first_36_hours/) + +\[New and important information from Team Satori in the Jungle Beat from 6/7/2021\] + +[https://www.reddit.com/r/Superstonk/comments/numi3i/the\_jungle\_beat\_monday\_06072021\_2\_days\_til\_annual/](https://www.reddit.com/r/Superstonk/comments/numi3i/the_jungle_beat_monday_06072021_2_days_til_annual/) + +By u/Grungromp + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Superstonk continues to grow** + +I was taken aback when **today we hit 420k members on** r/Superstonk. I remember the day of the migration here so vividly. I have never and will never see anything like that again. To see how much the ape community has grown since r/gme is mind-boggling. I have so many more wrinkles on my brain and I could not have done that without the tireless effort of every single one of you apes. So a huge shoutout to everyone out there. + +&#x200B; + +[Also, 228k online 🤯](https://preview.redd.it/ulrn8afc8h471.png?width=900&format=png&auto=webp&s=c436a5e28d0c260ebc55e2629449c518da467fc7) + +Apes together strong <3\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**Just gonna leave this here 👀** + +[ ⏰ Tick Tock Kenny ⏰](https://preview.redd.it/xpsmo82vsh471.png?width=1056&format=png&auto=webp&s=da5478cdd391a07863e5d8a41d88fab7acaa5685) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**👩‍🚀Help Wanted👨‍🚀** + +**If you have any interest in assisting with the Summary/ Transcriptions check out this post from** [**u/Bradduck\_Flyntmoore**](https://www.reddit.com/u/Bradduck_Flyntmoore/)**,** [**Superstonk Seeking Volunteers**](https://www.reddit.com/r/Superstonk/comments/nw3s9m/superstonk_seeking_volunteers_ama_transcription/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**🚨 Reddit down 🚨** + +With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +[🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍](https://preview.redd.it/cyv8wnvzcg471.jpg?width=1600&format=pjpg&auto=webp&s=038ea14ecb6c1f2e026763bd1858d4e628596a61) +Wholesale prices rose 0.2% in October, less than expected, as inflation eases + +https://www.cnbc.com/2022/11/15/wholesale-prices-rose-0point2percent-in-october-less-than-expected-as-inflation-eases.html?__source=androidappshare + +Looks like premarket is up big on this news. Yet another sign inflation is slowing. + + [Overstock CEO Patrick Byrne Names Steve Cohen And Mike Milken As "Sith Lords"](https://www.businessinsider.com/overstock-ceo-patrick-byrne-names-steve-cohen-and-mike-milken-as-sith-lords-2010-1) + +Wanna know who is associated with them? Aka [dumb stormtroopers](https://twitter.com/ryancohen/status/1503565469068009473) that targeted GameStop in 2019 + + +Leon Black teamed up with Sycamore Partners and TriArtisan Capital to put people on GameStop's board that they've used to crash other companies like [ColdWater Creek and PF Changs](https://www.linkedin.com/in/jim-bell-a125b77) after a [buyout rumor was going about them](https://web.archive.org/web/20190104194934/https://www.cnbc.com/2019/01/04/gamestop-shares-surge-12percent-on-report-it-could-announce-a-buyer-soon.html) + + +[He also lives the same place as Ken Griffin and the head of Goldman Sachs](https://imgur.com/pYuUE9w.jpg) read [more here](https://reddit.com/r/Superstonk/comments/ttnyrn/ken_griffin_citadel_steven_cohen_sac_capital_and/) + + + + + +It was rumored that Apollo Global Management was going to buy GameStop in 2019, so they got their friends to board the company and try to sink the ship and get their *specialty pennies on the dollar* of leveraged buyouts. + +>[Private equity firms interested in buying GameStop include Sycamore Partners and Apollo Global Management, people familiar with the matter told the Journal.](https://www.cnbc.com/2019/01/04/gamestop-shares-surge-12percent-on-report-it-could-announce-a-buyer-soon.html) January 2019, curiously when all this started. + + + +They did it to PF Changs with none other than Paulson & Co (the John Paulson that helped cause 2008) [(read more here)](https://www.reddit.com/r/Superstonk/comments/svl80n/were_in_2008_on_repeat_ill_show_you/) + +> Private-equity firms TriArtisan Capital Partners and Paulson & Co. Inc. have agreed to buy the heavily indebted P.F. Chang’s from Centerbridge Partners in a $700 million deal, according to a report by Bloomberg on Thursday, citing a notice to investors. + +> The deal, expected to close in the first three months of the year, is expected to take out all of the company’s $675 million in debt. + +> [Chang’s has $375 million in secured debt and another $300 million in unsecured bonds.](https://restaurantbusinessonline.com/financing/report-says-pf-changs-be-sold-investment-firms) + +Look who was at PF Changs when it happened + +> “We want to thank Centerbridge Partners for their strong support of P.F. Chang's. We are fortunate to have a partnership with Paulson and TriArtisan which will allow us to implement a collaborative growth strategy,” [Jim Bell, P.F. Chang’s CEO, said in a statement. “Paulson and TriArtisan bring financial strength and expertise that will allow us to grow our dine-in and off-premises channels both domestically and internationally."](https://www.fsrmagazine.com/chain-restaurants/firms-close-sale-pf-changs) + +> Credit Suisse served as Paulson and TriArtisan's financial adviser for the transaction and Ropes & Gray LLP and Kleinberg, Kaplan, Wolff & Cohen, P.C. served as legal counsel. + +&nbsp; + +Found the parent company + +> [TriArtisan Capital Partners is the merchant banking arm of Morgan Joseph TriArtisan LLC. TriArtisan makes investments in market leading companies in partnership with accomplished management, leading private equity funds and institutional limited partners.](https://www.cbinsights.com/investor/triartisan-capital-partners) + + +&nbsp; + +Apollo Global Management is invested. + +> [Leon Black’s Apollo Global Management has invested an undisclosed amount in preferred stock of Morgan Joseph TriArtisan, Bloomberg reports. The company has also registered its own brokerage, AP CM, to find clients and negotiate deals for its buyout and hedge funds.](https://www.institutionalinvestor.com/article/b150y606nn0nst/apollo-invests-in-morgan-joseph) + +> Apollo, with $67.6 billion in assets as of Dec. 31, 2010, may offer additional financing to the securities firm. New York-based Morgan Joseph TriArtisan, formed through the merger of Morgan Joseph and merchant bank, Tri-Artisan Partners, will help underwrite bond sales for companies controlled by Black’s funds. + +> [From 1977 to 1990, Black was employed by investment bank Drexel Burnham Lambert, where he served as managing director, head of the Mergers & Acquisitions Group, and co-head of the Corporate Finance Department.[12] Black was regarded as "junk bond king" Michael Milken's right-hand man at Drexel.[13] In 1990, he co-founded, on the heels of the collapse of Drexel Burnham Lambert, the private equity firm Apollo Global Management.[14][15] Notable founders included: John Hannan, Drexel's former co-director of international finance; Craig Cogut, a lawyer who worked with Drexel's high-yield division in Los Angeles; Arthur Bilger, the former head of the Drexel's corporate finance department; Antony Ressler, who worked as a senior vice president in Drexel's high yield department with responsibility for the new issue/syndicate desk; and Marc Rowan, Josh Harris and Michael Gross, who all worked under Black in the mergers and acquisitions department.](https://en.wikipedia.org/wiki/Leon_Black) + +Leon black is tied to Drexel, where he worked with Fred joseph. Drexel being Mike Milken's junk-bond start. + + +> [Fred Joseph bought into a firm founded by John Adams Morgan to establish Morgan Joseph, a middle-market investment bank that caters to many of the same kinds of clients as Drexel had. In 2011, the firm merged with Tri-Artisan Partners, a merchant bank, to form Morgan Joseph TriArtisan. Although the firm carried Joseph's name and he was part-owner, he was only co-head of corporate finance until his death in 2009. In 1993, the SEC barred him from serving as president, chairman or CEO of a securities firm for life for failing to properly supervise Milken. Morgan Joseph TriArtisan's chairman and CEO is John Sorte, Joseph's successor as president and CEO of Drexel from 1990 to 1992. ](https://en.wikipedia.org/wiki/Drexel_Burnham_Lambert) + +&nbsp; + + + +Sycamore Partners did this with Jim Bell at ColdWater Creek. + +> Sycamore Partners was founded in 2011 by Stefan Kaluzny and Peter Morrow.[3] [Before Sycamore, Kaluzny was a Managing Partner at Golden Gate Capital and was employed since the firm's inception.](https://en.wikipedia.org/wiki/Sycamore_Partners) + +> [July 9, 2012 (GLOBE NEWSWIRE) -- Coldwater Creek Inc. (Nasdaq:CWTR) announced the closing of a five-year, $65 million senior secured term loan provided by Golden Gate Capital, a leading private equity firm with extensive experience in the retail sector.](https://www.globenewswire.com/news-release/2012/07/09/272993/261557/en/Coldwater-Creek-Announces-New-65-Million-Financing-with-Golden-Gate-Capital-and-Reiterates-Second-Quarter-Financial-Guidance.html) + +> [founded in 1984 as a catalog retailer, ColdWater Creek went in to open stores nationwide. The company filed for Chapter 11 bankruptcy in spring 2014 with plans to liquidate and close it's more than 300 stores. Sycamore Partners subsequently acquired the ColdWater Creek brand and other intellectual property.](https://chainstoreage.com/coldwater-creek-calls-it-quits-least-now) + +Jim Bell, [ColdWater Creek - 2009 to 2014](https://www.linkedin.com/in/jim-bell-a125b77) + + +~~~June~~~ May 2019, months after the Apollo and Sycamore rumors. + +> [Frank Hamlin (now GameStop's chief customer officer) and former Tile Shop board member Chirs Homeister (now GameStop's chief merchandising officer). James Bell, former Wok Holdings CFO, meanwhile, steps into Lloyd’s former position as GameStop’s CFO.](https://www.gamedeveloper.com/business/gamestop-coo-and-cfo-rob-lloyd-steps-down-amid-executive-shuffle) + +> [In a press release, recently appointed CEO George Sherman said that the changes aim to “advance GameStop’s transformation as we work to position the company for the future and bring gaming culture and experiences to life in every community.”](https://www.gamedeveloper.com/business/gamestop-coo-and-cfo-rob-lloyd-steps-down-amid-executive-shuffle) + +More info confirming connections + +> [GameStop has hired Jim Bell as executive vice president and chief financial officer to fill his role. Bell was previously the CFO of Walk Holdings, which owns P.F. Changs and other restaurants. GameStop has also hired Chris Homeister as executive vice president and chief merchandising officer. Homeister previously led Best Buy’s gaming efforts.](https://gamedaily.biz/article/925/gamestop-shares-nosedive-after-quarterly-earnings-miss-analyst-expectations-by-90-million) + + + +>  P.F. Chang’s parent [Wok Holdings, owned by TriArtisan Capital Advisors and Paulson & Co.](https://www.institutionalinvestor.com/article/b1kzmp4qkx1wg7/Private-Equity-Owned-Restaurants-This-Is-the-Worst-I-ve-Ever-Seen-It) that *he was there to sell to them.* + + + + +&nbsp; + + +[Here's the debt contract signed by him](https://contracts.justia.com/companies/gamestop-corp-562/contract/107023/) + +Which ties these assets to the debt. + +* GAMESTOP CORP, + +* GAMESTOP, INC. + +* SUNRISE PUBLICATIONS, INC. + +* ELBO INC. + +* EB INTERNATIONAL HOLDINGS, INC. + +* GAMESTOP TEXAS LTD. + +* GS MOBILE, INC. + +* GEEKNET, INC. + +* MARKETING CONTROL SERVICES, INC. + +* SOCOM LLC + + +The year before all this, [is when ThinkGeek and their patents were merged with GameStop's](https://www.gamesindustry.biz/articles/2019-06-14-thinkgeek-moves-in-with-gamestop) + +> Gamestop subsidiary ThinkGeek will be shutting down its online gaming and pop culture clothing, accessory, and toy store and moving the bulk of its business into GameStop brick and mortar and online stores. + + + + +&nbsp; + +The other guy mentioned above, Chris Homeister, [was at best buy while this was happening](https://www.forbes.com/sites/larrydownes/2012/01/02/why-best-buy-is-going-out-of-business-gradually/) + +> Senior Vice President & General Manager - Merchandising + +> Best Buy + +> Apr 2005 - Sep 2012 - 7 years 6 + +Note: [he's also gone now too, July last year](https://www.linkedin.com/in/chrishomeister) + +&nbsp; + + +***Various external connections:*** + + + [This guy lobbies on behalf of Boston Consulting Group and TriArtisan Capital](https://imgur.com/rUMHjgJ.jpg) and [this one too](https://imgur.com/QorKZ96.jpg) link [found here](https://www.opensecrets.org/federal-lobbying/firms/lobbyists?cycle=2020&id=D000032355) + +&nbsp; + +Then there's [this guy and his list of leveraged to tits buyouts as a resume](https://peprofessional.com/2014/07/triartisan-capital-hires-scott-lemone/) + +> Scott Lemone, an investment banker with over 25 years’ experience raising capital for retailers, has joined TriArtisan Capital Partners, the merchant banking arm of Morgan Joseph TriArtisan.  Mr. Lemone will lead the firm’s investment activity in retailing. + +> “Scott has an outstanding background and knowledge of retailing that will be of great value in identifying opportunities and structuring transactions for our institutional investors,” said Gerald Cromack, Managing Director of TriArtisan Capital. + +> TriArtisan has been an active investor in the retailing sector, including investments in Paper Source, Sur La Table, and Claire’s Stores. TriArtisan also recently closed on an investment in TGI Friday’s, a casual dining company. + +> Mr. Lemone has advised on over $50 billion in value of mergers and acquisitions, and financings, in the retail space, including working with such firms as Lowe’s Companies, AutoZone, Sears, Petco, OfficeDepot, Dick’s Sporting Goods, and Best Buy. Mr. Lemone began his career at Kidder, Peabody and Co. in 1989, spent nine years at Merrill Lynch, including several as Retailing Group Co- Head, and was the senior retailing banker in the US for Lehman Brothers. Most recently, Mr. Lemone headed the Retailing Group for SunTrust Robinson Humphrey. + +&nbsp; + +This guy is tied to both TriArtisan Capital and Anchorage + +> Edward Grebow, 67, has served on our Board of Directors since September 2016. [Mr. Grebow also serves on the board of directors of Xenith Bank. He was designated as a nominee to our Board of Directors by ACMO-HR, LLC, an affiliate of Anchorage Capital Group, L.L.C. (“Anchorage”), pursuant to the terms of the Investment Agreement between the us and Anchorage. He is a Managing Director of TriArtisan Capital Advisors where he advises financial services, media and technology companies. Mr. Grebow joined TriArtisan in November 2013 after serving as President and Chief Executive Officer of Amalgamated Bank.](https://www.sec.gov/Archives/edgar/data/1143155/000119312517151965/d376034d10ka.htm)  Previously, Mr. Grebow was a Managing Director of J.C. Flowers & Co, a leading private equity firm focused on the financial services sector. Until June 2006, Mr. Grebow served as President of the ULLICO Inc. family of companies, including the $6 billion Union Labor Life Insurance Company. In 2002 and 2003, Mr. Grebow served as President of the Metropolitan Television Alliance (“MTVA”), a consortium of 11 New York Metropolitan Area Broadcasters seeking to rebuild the television and emergency services transmission tower destroyed atop The World Trade Center on September 11, 2001. Prior to joining MTVA, Mr. Grebow was Deputy President of Sony Electronics, Inc., and President of Sony’s Broadcast and Professional Company. Earlier in his career, Mr. Grebow served as Executive Vice President in charge of Operations at CBS, Inc., Vice President at JP Morgan & Co. Inc., President of JP Morgan Leasefunding Corp. and Chief Operating Officer and Executive Vice President of The Bowery Savings Bank. Mr. Grebow serves as a Director and Audit Committee Chairman of Diamond Offshore Drilling, Inc. and Alcentra Capital Corporation and as a Trustee of NY PBS station WNET. He has also served on the Board of Trustees of The George Washington University, the American Film Institute, Theatre Development Fund, Flowers National Bank and Panavision Inc. He was appointed by Governor Mario Cuomo to the New York State Hospital Review and Planning Council. + + +&nbsp; + +Check out what happened at the same time + +> [Lance Milken, the son of one-time “junk bond king” Michael Milken, has departed Apollo Global Management, the private equity group that was founded by former colleagues of his father, to set up a family office.](https://www.ft.com/content/18f6d2e6-1f64-11e9-b126-46fc3ad87c65) + +> The younger Mr Milken, 43, was a senior partner at Apollo in its core private equity business, which manages $72bn. + +> [A Wharton School graduate like his father, Mr Milken joined Apollo in 1998 as a junior investor.](https://www.ft.com/content/18f6d2e6-1f64-11e9-b126-46fc3ad87c65) + +&nbsp; + +I'm of the firm belief, the 140% short was part of this plan, and everyone holding short positions from 2019 to 2021 should be investigated for connections to these guys. + +Pretty easy connection as to how Steve Cohen got involved (Milken), Ken Griffin (Milken), Anchorage (listed above), who else is connected to Apollo, Drexel or this scheme? + +Read that line again.... + +> Leon Black’s Apollo Global Management has invested an undisclosed amount in preferred stock of Morgan Joseph TriArtisan, Bloomberg reports. [The company has also registered its own brokerage, AP CM, to find clients and negotiate deals for its buyout and hedge funds.](https://www.institutionalinvestor.com/article/b150y606nn0nst/apollo-invests-in-morgan-joseph) + +&nbsp; + +George Sherman was at Best Buy the same time as Chris Homeister. Direct ties..... he rehired the guy from Best Buy that was [doing this under his watch.](https://www.forbes.com/sites/larrydownes/2012/01/02/why-best-buy-is-going-out-of-business-gradually/) + + + ***George Sherman*** + +> Senior Vice President Services + +> Best Buy + +> [Jun 2009 - Mar 2013 - 3 years 10 months](https://www.linkedin.com/in/georgesherman) + + +***Chris Homeister*** + +> Senior Vice President & General Manager - Merchandising + +> Best Buy + +> Apr 2005 - Sep 2012 - 7 years 6 + +Nvm, Sherman was helping him. + +> George Sherman, who oversaw Geek Squad for Best Buy, has left the electronics retailer after nearly four years on the job, according to a Star Tribune report. + +> [Best Buy also laid off 600 Geek Squad employees last summer as part of a restructuring of the division.](https://www.bizjournals.com/twincities/news/2013/03/13/best-buy-geek-squad-george-sherman.html) + + + +&nbsp; + +The current group tearing apart Chewy [is BC Partners](https://imgur.com/a/d1BCbd8) + + + +[Have you seen Chewy's board now?](https://investor.chewy.com/governance/board-of-directors/default.aspx) + +> Mr. Svider currently serves as Partner and Chairman of BC Partners and as Chairman of the Executive Committee of BC Partners. + +> Prior to joining Chewy, Mr. Singh held senior leadership positions at Amazon, where from 2015 to 2017, he served as Worldwide Director of Amazon Inc.’s Consumables businesses (fresh and pantry) and, from 2013 to 2015, as General Manager for Amazon, Inc.’s + +> Mr. Ahmed currently serves as Partner at BC Partners, as a member of the Executive Committee of BC Partners, and as the firm’s Chief Administrative Officer. + +> Mr. Chang currently serves as Partner at BC Partners. Before joining BC Partners in 2009, from 1999 to 2009, Mr. Chang served as Principal of JLL Partners, LLC. + +> Ms. Dickson has been Chief Financial Officer and Chief Administrative Officer of Lehman Brothers Holdings Inc. since January 2016. + +> Mr. Kim currently serves as Principal at BC Partners. + +> Mr. Leland currently serves as Managing Director and Head of Capital Markets at BC Partners. Since 2019, Mr. Leland has also served as Chief Executive Officer of BC Partners Securities LLC, a registered broker dealer in the United States. Before joining BC Partners in 2018, from 2000 to 2018, Mr. Leland served at Citigroup Inc., most recently as Managing Director in the Capital Markets Originations Group, with a focus on leveraged finance. + +> Mr. Nelson currently serves as Chief Executive Officer of Global Net Lease, Inc. (NYSE “GNL”), a publicly-traded real estate investment trust, a position he has held since July 2017, and has served, since March 2017, as a director of GNL. + +> Ms. Sibenac currently serves as Managing Director at BC Partners in Portfolio Operations. Before joining BC Partners in 2017, from 2012 to 2017, Ms. Sibenac served in management positions at Amazon, Inc., and, from 2003 to 2010, she served in technical and commercial leadership roles at Lockheed Martin Corporation. + +> Mr. Star currently serves as Executive Chairman and Investment Committee Chair of Longview Asset Management LLC (‘‘Longview’’), a multi-strategy investment firm that invests on behalf of individuals, trusts and charitable foundations. + + +&nbsp; + +[Apollo bought Yahoo](https://www.apollo.com/media/press-releases/2021/09-01-2021-161530593) + +Right after [yahoo "had glitches"](https://www.reddit.com/r/Superstonk/comments/pm1trq/smooth_brain_math_yahoo_finance_float_glitch/) showing there's 305 million shares in circulation + + +&nbsp; + +They also just [merged with an insurance company](https://imgur.com/3LtfKR4.jpg) trying to guarantee that bailout. +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! +I (US citizen) got married to my wife (Turkish) in Turkey and received a good amount of gold coins and other gold based gifts (necklaces and such), as is the custom. Not exactly sure what the proper name for them is but my wife roughly estimated the total value to be about 10k. What should our next step be? We're planning on returning to live in the states but not sure of what to do with the gold. How does one get an accurate value on gold? How do we bring it back effectively? How do we take this and grow it? Lots of questions, but any advice would welcome. Starter here, please be gentle. Thank you! +https://www.cnbc.com/2019/12/23/boeing-stock-halted-pending-news-company-battles-fallout-737-max-crisis.html + +Boeing on Monday replaced CEO Dennis Muilenburg. + +Chairman David Calhoun will become the manufacturer’s new CEO in January. + +Lawrence Kellner tapped as chairman. + +The company has been struggling to regain the trust of regulators, customers and the public after two fatal crashes of its best-selling plane, the 737 Max. + +BA is up 3%! +What is the reason to have x different value networks? Why is divergence at play here? Why not to have one giant chain with general value and applications using that value to do various things? + +Reasons I can think of - robustness (ensures that if one dies, another can quickly takes it place), incentives (people are more likely to create value if they have stake in their creations) and specialization (different coins fulfill different needs and create their niches and excel at it) +In a state government job, and we all just got a raise. For many in my department, that crossed them into a higher federal bracket. So naturally I heard people agonizing over how it is a "fake raise" + +I had to explain how it is still a raise. And explain that you aren't taxed 22% on all 40k, you are taxed at 10% for the first 10k, and then 22% for the next 20k, making an over all tax rate of ~13%. + +I also had to explain that all the 401k and pension withholdings also go up with that raise. + +So I wanted to take a moment to remind you all that a raise is still a raise in compensation regardless of if you cross in to a new tax bracket. I'm sure there might be exceptions, but not for the average person. +I’ve seen some commercial properties around me have several stores empty the whole year! They are losing hundreds of thousands. Most of my buddies with residential properties are doing just fine. My Airbnb buddies are taking some decent losses in the six figures range. +Did a ton more research and I want to get the good news out in front of your day – Single share ETFs DO NOT have a short position component to them. They are a 100% synthetic product, nothing but swaps. Same as a regular run of the mill inverse ETF. As such, there still seems to be no vehicle to include a short position in an ETF. And that means, the mechanism discussed last night which I have been dreading for over a year, is in fact *still* not in practice. Rejoice! + +Of course, for those of you who were around last night, enjoy sharing in my night terrors from this day forward, now knowing what might yet still be waiting for us just beyond the horizon. + +Have a great day! + +[Being wrong has never felt so good](https://preview.redd.it/nocl2qa19tk91.jpg?width=657&format=pjpg&auto=webp&s=1a608bf949cc8c0f2f2e826db7f02b8218760c48) +Hey everyone, I’m currently starting to build a dividend portfolio so that my current savings can actually start doing something rather than having it just sit there but I need some help. + +I’m a 17 year old college student making roughly $400 a week with ~$2500 sitting off to the side. I’ve been thinking since i’m not paying bills other than my car insurance ($200/mo) I could put $300 of each of my paychecks every week into building a portfolio. + +I’m mostly interested in your current favorite companies that offers an okay dividend and why they’re your favorite. Whether it’s because of their balance sheet or just their mission as a company and if you are still actively investing into those stocks + +-Currently using a fidelity custodial account for all of this so i can’t invest into REIT’s and leveraged stocks such as QYLD, O, and SQQQ +Im also looking to open up a Roth IRA when I turn 18 and put some money into that as well + It may say there are shares available to short tomorrow but they are all FAKE. Every share has been shorted and shorted again. DTCC is making fake shares available to allow the shorters to keep shorting the price down. They have been doing it for months. So NO the DTCC is NOT OUR FRIEND. Yes they are passing rules but they have been trying to help the hedge funds win for months. Only because we HOLD and dont SELL is this going to MOASS. The DTCC and DTC and SEC should all be disolved after this. They having been allowing MASS NAKED SHORTING FOR MANY YEARS and are responsible for thousands of businesses going bankrupt and many millions of people losing thier jobs. And YES they know EXACTLY how many shares of each company are out there. They have computers. They are the ones reconciling the trades. THEY KNOW. How would they know how many shares the shorters have to buy back when margin called if they did not know how many shares have been shorter and conterfieted? +Hi guys, went to see my doc yesterday after numerous test they diagnosed liver cancer and give me about 8 months, i'm 57, wife 55, two kids age 25 and 19 living with us. Need to develop plan and get everything in order before i expire. Any and all advice is appreciated. No will, no power of attorney ( based on advice i will get this done), owe 190k on mortgage, i work for county make about 65k a year, wife works at hospital makes about 35k. what documents, etc should i prioritize? have about 50k in deferred comp, been at job 20 years, not sure if they will qualify for any social security benefits, have about 400k in insurance two policies, pretty sure i qualified for pers (Oregon Pers) pension, will be checking with HR + +Just trying to plan ahead and get everything in place. shared my google email account with family and plan to create spreadsheets with all accounts, passwords, etc. + +edit 1, wife is not financially inclined. +edit 2, thanks i like the idea of paying off the home and getting something smaller. +edit 3 home currently financed at 3.0% +edit 4 plan to work as long as i can, have about 400 hours vacation and 150 sick times saved +edit 4: will speak to attorney + +Thanks + +Thank you for your generous kind thoughts. + +Edit, thanks for great advice, created a few spreadsheet, financial, lawyer, burial, and mental health to track all the great info, thank yo so much +It seems all economic models boil down to seeing whats driving individual choices, how those choices are reconciled in a market. Then empirically these are just tested with natual experiments. But when alot of people hear economics, they think finance and 'economizing' and i just wonder if the name of the discipline is slightly misleading (to laypersons) +Pretty much the title. This feels like it would work, but tariffs and rent control feel like they would work as well. + +Link for those who don't know what I'm talking about: https://www.theguardian.com/world/2018/aug/15/tenants-on-our-own-land-new-zealand-bans-sale-of-homes-to-foreign-buyers?CMP=Share_AndroidApp_Post_on_Reddit + +Edit: My original sentence wasn't clear. I understand tariffs and rent control are not effective policies. I meant that they feel like they should be, just as this feels like it should work. My question: will it work or is there a problem with it? +Why do ppl make it seem like it's just so impossible to learn forex and become profitable in? Although I know it's nowhere near easy to learn/profit in it's possible with time and dedication. It's just like anything else in life that has potential to make you rich/wealthy with a lot of time and serious learning it can be done. Ppl who are successful with trading in the market now started just like everyone else they just made the sacrifices to learn the skill. Not saying every single person who takes the time will be successful in it, but, you'll never know if you are listening to other ppl telling you how hard it is, everybody is different. Do your own DD and see how it works out for you, just because someone else didn't have success doesn't mean you won't. +Hi AusFinance, + +I am on 100k Inc super atm living in Melbourne, sharing an apartment for 500 per week with partner in the city. + +I was earning this salary 3 years ago, before coming to Australia but due to visa/residency etc had to resort to low wage jobs to get by. I am no longer salty about this and have made my peace with it. However, I have been working super hard to make up for lost time. + +Nearly a year ago I got this 100k job at a big4 audit and it's been good, however my manager has been frank I won't be promoted before 6 more months and the manager pay is like 120k + +I have a job offer to move to Sydney for 150k in the previous job I left. + +Given the high rent and cost of living in Sydney, plus travel costs to come see gf atleast once a month. + +Is it worth it for me? + +Sorry if I missed any details you'd wanna know + +Please ask and I can edit the post. + +I work in Finance/IT and dare I use the buzzword fintech +[https://i.redd.it/hibjqpvq7l8a1.jpg](https://i.redd.it/hibjqpvq7l8a1.jpg) + +Tesla is now trading at $106 AH. + + I noticed just a few small differences... + +* Musk liquidates billions in stock to buy Twitter +* Elon saying that he will sell BILLIONS MORE stock in 2025 or sooner +* Fed raising interest rates will hurt auto industry as a whole +* Tesla has a few more factories, Germany can't hire anyone due to uncompetitive compensation compared to other German auto makers, while Tesla is planning layoffs in US factories and temporary shutdown in China +* Elon thinks supporting alt-right will suddenly become environmentalists and embrace EV's instead of their redneck coal-rollers +* Elon thinks supporting Republicans will get him more EV support programs from Congress +* Consumer Reports rating Tesla as WORST in build quality (at a time when...) +* Legacy automakers catching up (Hyundai EV just won highest 5 star safety rating European standards) and have decades of established quality manufacturing standards +* Unpredictable Russia Ukraine war +* Higher labor costs +* Higher raw materials costs +* Chip shortage +* Higher logistics costs +* Musk alienating his first to adopt audience turning them against Tesla causing enough decline in demand that even $7500 off sale and 3x markdowns in China can't fix +* Tesla opened up charging network to nab some capital from government grants but shooting themselves in the foot at the same time +* A little thing called GLOBAL RECESSION + +Tesla's record PE was 192. They're sitting at about 30. Industry average is about 6. + +Every bubble has to burst and we may have just witnessed Tesla's tulip moment. +This was the straw that finally broke my back. I'm so fucking sick of companies taking advantage of our shares. NO LONGER, as a XX holder I left 2 shares in fidelity after registering 70% of them a few months ago I finally registered the other 25% in Fidelity. DRS is the way boys. Nobody can end this game but us, time to step up to the plate if you haven't and DRS!! I'll post my shares when they arrive in a few days. +https://www.bloomberg.com/news/articles/2019-04-01/lyft-s-tumbling-stock-is-a-worrying-sign-for-other-unicorns + +Shares have fallen as much as 21 percent since trading debut + +Pinterest, Postmates, Slack, Uber are hoping to ride a wave +https://www.prnewswire.com/news-releases/elon-musk-to-acquire-twitter-301532245.html + +> Twitter, Inc. (NYSE: TWTR) today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company. + +> Under the terms of the agreement, Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction. The purchase price represents a 38% premium to Twitter's closing stock price on April 1, 2022, which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter. + +The stock currently trades at $51. +Thanks so much to u/fateofmorality for posting [this](https://www.reddit.com/r/personalfinance/comments/62eefp/girlfriend_applied_for_a_job_within_24_hours_they/?st=J1GORJUS&sh=45a10177) to r/PersonalFinance ! A couple days ago, my cousin was talking to his girlfriend about a new job she's been trying to get. After a bit of inquiring, he said that it was for $46/hour w/ no experience necessary, and that he was going to try to get it too. It sounded too good to be true, but it was none of my business. + Fast forward to today, he told me his girlfriend got the job, and they sent her a check that she was about to cash (~$2400) to buy equipment. IMMEDIATELY I remembered that post, and fortunately I was able to find it and show him this is a common scam. I didn't want to rain on their parade or seem jealous that she got a "well paying job", so I told them just to call the bank on the check just to be sure. His girlfriend was literally waiting in line at her bank, right about to deposit it, when he called her to check...Sure enough it was fraudulent and she's contacting the local fraud department to report this! + +Edit: This is in Phoenix, AZ...be careful out there + +Edit 2: glad a lot of people could read this! It's really important (I especially learned today) to be ~~weary~~ wary of "too good to be true" situations! Ask questions and be skeptical! + +Edit 3: I think I now have a pretty good understanding on how the scammer makes money off of this now. They send you a fake check, but the bank lets it go through for your own convenience; you then buy the scammer's "equipment" (the vendor you get the equipment is also a scam, just to get your money, you never get the supplies that you payed for), but the bank eventually figures out the check is bogus, takes the full amount out of your account, even if you go negative in which case they'll demand you pay the amount asap or forgo repercussions. + +If you didn’t know, apple iCloud mail allows you to mask your email for anything, like an alias would…. And you can have multiple weird email aliases for different websites that all go to your original email. So on safari app when you do an auto fill for your information, it asks there is you want to “hide” your email. Helpful if you are trying to take advantage of anything using a “new email” user for perks. + +Please use wisely ;—) +With CPI on the increase and 117k still owing on my HELP loan, it got me thinking. Will the government deduct from my super if I retire with money still owing? +Last month our 18 year old water heater started leaking out of the bottom. I realized immediately that it would simply need replacing and called a few local plumbers for quotes. + +One of the plumbers came by that day, inspected the heater in our garage and then spent 20 minutes explaining we would need a new water heater. On the work order it shows they were present for 30 minutes. + +&#x200B; + +2 weeks later we got an invoice for $116.97 based on it being a minimum of 1 hour service call. + +&#x200B; + +I would argue it wasn't a service call but a quote, since we knew the heater needed replacing. Included in the bill is a "shop supplies" for $7.75 which is apparently shoe covers, that were never needed or even used since it was in a garage. There was also a fuel surcharge of $6.60. Now, we live in a small city of 20,000 people and you can get across town in 3-4 miles, and 6.60 would get me 40 miles in my van. Last but not least they are charging 2% a month (24% annually?) and I don't feel that we entered into a credit agreement. + +&#x200B; + +Should I fight it or just pay it and move on? Should I report to BBB? I can afford to pay it but out of principle and for the protection of others I am on the fence about what to do. I realize some of this is legal but much is financial. + +&#x200B; + +Update: I called and paid the invoice and was able to get the shoe cover charge removed. + +&#x200B; +I just recently graduated college with a salary of 70k starting. Luckily, I was able to build experience in the field that I work to get a starting salary that high. + +I have no debt under my name, no auto loans, credit card debt or anything. I want brutally honest truth on how I can save 100k in roughly 3-4 years. I get to strictly budget and save, but I am still new to investing and I already plan to contribute to my employers 401k with a 5% match. What would be the best piece if advice you could give? I just finished paying off tuition costs, so I only have about $1,000 in my savings, in which I am hoping to grow that to 100k 3-4 years from now. + +Any guidance would be appreciated ! + +&#x200B; + +&#x200B; + +&#x200B; + +EDIT: Thanks for the help everyone, I have came across very solid advice! +Hey everyone. I am having an issue with Hertz and I am kind of at my wits end about it. + +Back in the beginning of March I rented a car so that I could visit family in Alabama. Then the Corona lockdowns came. I ended up returning my rental on April 3rd. Because of the lockdowns, there was no one at the store. So I had to drop off the keys. I called the number and they said we were all set. + +At the beginning of May I started to receive automated calls saying that my rental was overdue etc. For the past 3 weeks they are removing $60 a day from my account. I have spent countless hours on the phone with Hertz trying to get this issue solved. Each time I am told that it is solved, then 3 days later the phone calls come back and I never receive an email with my receipt on it. + +I dont know what to do. I have called so many numbers and went thru automated message after automated message. This is the last of my money here. Im not working at the moment. and honestly I am staying with friends and family until I can get back on my feet. But it is near impossible with $60 being removed from my account daily. + +&#x200B; + +&#x200B; + +\*\*Edit. Yes everyone the math is correct. I have been kind of locked down in a very... rural part of america lately. And have been very busy with other things before I noticed how bad it was. Thankfully my bank had already taken all of those transactions and "quarantined" them about 3 weeks ago when I first started calling. It still shows as a 'pending' on my stupid phone app statement. So thats been cleared at least. And from what I have gathered from everyones information and a bit of my own sleuthing, is that the locations in the area are all closed 'until further notice'. so perhaps the system is running me thru some automatic response system. But for now, no money has been removed, but it has been quarantined until the paperwork goes through. I have to call my bank next week and set up some other things to get it taken care of. + +&#x200B; + +Again, thanks for all the responses and kind words! + +&#x200B; +# We were lucky enough to host another AMA with Robbie from Immutable - the company that has partnered with Gamestop in order to revolutionize gaming by allowing players to finally own their in-game assets🚀 + +# [Youtube Link](https://youtu.be/0OkUIhf_CfM) + +The future of web3 gaming is inevitable; Immutable and GameStop(and Superstonk) are at the forefront. + +Immutable's goal is to make building games, applications and exchanges on Ethereum viable and to make minting and trading Ethereum NFTs even easier than trading traditional digital assets. + +They reward everyone in the ecosystem — grants for games and content, trading rewards for more trades, and staking rewards for hodlers and supporters of the mission. + +Games are rewarded for the volume they bring via milestones. Traders are rewarded for adding volume to the ecosystem. Players are rewarded for holding and supporting the token. The more rewards shared means more progress to the ultimate vision of web3 gaming. Take grants for example, for every dollar grant they agree on for a game, they expect at least $50 in trading volume. And they want to increase that more and more! + +The launch of the GME and IMX Marketplace integration is a huge step towards the big goal of web3 gaming and digital ownership for the mainstream. + +# The Immutable team wants to celebrate with us as they integrate into the Gamestop Marketplace by giving 25 IMX tokens to 10 L2 wallets here, so drop those wallet addresses! They’re going to be picking out winners by random. + +If you want to comment with a meme(by linking to imgur) or you want to leave a timestamp of your favorite moment from the ama and talk about why, they’ll be going through all the comments here too!!! Not a requirement, just for fun! + +They’re also doing another giveaway, you can go to [their Twitter](https://twitter.com/Immutable/status/1569475648548388864?s=20&t=IhoGt_fzALvZxrsAa9tO0Q) for more info on that, or here's their [contest page](https://gleam.io/bp9NE/superstonk-x-immutablex-ama-challenge). + +To follow Robbie on Twitter - [https://twitter.com/0xferg](https://twitter.com/0xferg) + +Join their Discord: [https://discord.gg/bWnHp3QFqB](https://discord.gg/bWnHp3QFqB) + +Join their subReddit: [https://www.reddit.com/r/ImmutableX/](https://www.reddit.com/r/ImmutableX/) + +Don’t forget to subscribe to our Youtube when you’re watching the AMA! And leave a comment! Make those Youtube algos spread Gamestop love all over💜 + +\*thanks to u/Doom_Douche for recording +I’ve held the stock for 5 months now and it basically has gone nowhere. Right now I’m up $32 on total return; it just goes up and down constantly floating around my avg cost price. I know AMZN should be a buy and hold for the long term but I’ve been thinking of breaking up that position into a few other investments. I would put $450 into SCHG (Schwab US Large-Cap Growth ETF), $350 into SCHD (Schwab US Dividend Equity ETF), and using the last $200 to boost my position in AAPL (Apple). Does this sound like a good plan for long term buy and hold? +I recently graduated college, and right now I have $15K split in the following: + +**Taxable Account** + +* 25% $VOO (S&P 500) +* 15% $XLK (tech emphasis) +* 5% $XMMO (mid-cap) +* 5% $VBK (small-cap) + +**Roth IRA** + +* 25% $VTI (S&P 500) +* 7.5% $T (7% dividend) +* 7.5% $O (REIT) +* 5% $WBA (dividend) +* 5% $MCD (dividend) + +My goals are to drip dividends into my Roth and grow my taxable account long-term as much as I can, but I don't know what I need to be optimizing. I'm not buying a house for a long time so I want to build as high as I can. Are there any recommendations? + +Thank you! :) +I'm trying to get a better understanding on how ETF work. + +I understand the creation process of an ETF but I'm trying to better understand how ETF increase in AUM. + +I often see articles about Cathy Wood's ETFs increase or decrease by millions. + +I know that the AP will release new shares to the market when the shares are trading by % premium over the NAV. But what is, on average, that difference between the share price and the NAV. + +Does the ETF first get the new assets before releasing the shares, so that the shares are always backed by the underline asset OR do the ETF get the new assets through the release of those new shares first? + +I may have information wrong so any clarification is helpful. + +Thanks everyone! +Let's say I'm a Russian manager, and I drive a nice BMW car. Let's say one day I need to replace some auto parts, but BMW thanks to international sanctions stopped all the activities and trading with Russia. My mechanic Yuri can't find those specific car parts used, so he comes with an idea. He phones to his cousin Boris in Kazakhstan who runs a car workshop there, and kindly asks him to order some additional BMW parts and accessories so he can keep repairing those cars. Boris buys more parts, and sells some of them to Yuri for a +20% increase. My car will cost more money&time to repair, but the result is that I will keep it new and functioning. And why not going for the same process if I want a new German car? What does prevent Russia to use this triangulation to evade trade sanctions, for the cost of a small price charge? +I come here as an investor who doesn't own any bitcoin + +Many of the guys over at r/investing are salty as fuck and throwing around the usual 'bubble', 'greater fools' ya-da ya-da + +For years they stood on the sidelines and mocked HODLers during the bad times. I hoped that they would at least have the integrity to acknowledge if things didn't go as they predicted. Sadly, it seems many are just going to keep making the same prediction, waiting to gloat the one time they get it right. Ironically, they hate it when people do this with stock market crashes + +So I just want to recognise your achievement on getting to a point many said you never would reach. Anyone who has had the belief and discipline to HODL through thick and thin deserves congratulations on those diamond hands + +I appreciate many of you are not doing this as a speculative investment and you do not care what the price is doing at any given time. So I understand my congratulations will mean little to you + +Nonetheless, well done + +Now keep HODLing +I've been lurking on the forum for a while and got some good funny moments regarding some of the misconceptions that retail traders hold about this business. Particularly the post that u/19ForexPlayer got us recently, answers were quite amusing. So I decided to write a small introduction about how institutions handle the market and how easy it is to replicate that view (to a certain extent, as a retail trader). + +I've been exposed to this while working on one of the 4 biggest financial institutions on Europe. For how long and doing what is not important. Just note that this is how the market is viewed by them and it is how they operate within it. Not for hedging and market making (although the models are obviously used to help those processes), but for speculating. You can take whatever you want from this vision , or decide to ignore it. Whatever works for you. It is how it is, your feelings or retail approximations do not alter how the world works. It is your choice what to do with this knowledge. I hope you get something valuable from it. + +**What is a currency?** + +A currency is nothing more that legal tender, a form of credit which you get and for what you hope to exchange for other valuable or assets, or that you exchange for the real money, gold. A currency is backed by a government and their CB, and those are the greatest influencers on the currency supply and on the willingness of the world to trade with that country. + +Because as stated earlier, a currency is used as a form of credit to get other assets, being financial or not. So the demand on a currency is nothing else that the demand that the world might have on the economy of a certain country. If an economy performs well, then his currency will be on demand, because you will need their currency to do business, which will mean that it will appreciate. + +This is critical. When we speculate, we are comparing two economies and deciding to buy the currency that will apreciate against the currency that will depreciate. Meaning that we will be moving value from one country to another. To speculate, we go long on a currency and short to another. We buy one, to sell the other in the hope that in the future, assets backed by our investing process will appreciate to our benefit. + +So it comes to us a natural perception that is, we need a model to evaluate the status of a certain economy , and how it relates to other economies. So that with that knowledge we make good decisions backed by sound facts. Decisions that are being taking place under conditions that very well could change in the future. + +Global Macro is the methodology , the model , we use to evaluate economies and hence demands on currencies. Our jobs as traders is to anticipate where the money will flow and where it will come from, no matter what kind of asset you are interested to trade. + +**How is the price of a pair decided?** + +Thats a question that bugs most of us, and that we ponder deeply. And it has a simple answer. The price is nothing more that how much I'm willing to spent to get your currency in the current conditions. Or how much I'm willing to be paid if someone wants it. If no one wants this pair at this price, it will simple move lower because there is no agreement between sellers and buyers at this point. If everyone at this point wants to get that currency, there is an overal agreement that the price is undervalued and price will simply rise to coup with the demand, as the supply will be lower. + +Movements on the price merely reflect expectations getting fullfiled. Prices consolidating just reflect that there is consensus on the fair value on the current price . When the expectations are not matched with the reality, prices will move again to match on a place where again there is a consensus. + +These gaps are to be filled. I repit this because is critical, **GAPS ARE TO AND WILL GET FILLED.** + +&#x200B; + +**How institutions operate? Putting the model together** + +Institutions spend the whole day evaluating where these gaps are, and they exploit them. They create models based on the macroeconomic data and future's perspectives to determine which is the fair price value , at short (days and weeks) , medium (half a year and 2 years) and longer term (3 to more years). When the actual price deviates away too much from an institution fair value price (similar to a bollinger band), they will aggresively enter into the market pouring millions as the model showed in the past that when the price deviates away it tends to go back (and beyond) to the fair value price. They operate most of the times under a return to an average model, in this case being the average what they consider a fair value price. They just do not react to a price, they actually move the price when they consider its extended way too much from the fair value price. They move to fill the gap. + +This fair value is, again, determined using macro models. Price on a big scale do not react to a certain "new" or macro indicator. But when several of them point in one direction, the fair value model that the institution uses will signal it and then hell will break loose. One after another, institutions will react to this and will help to move further the price (each using their own models, ofc). Reactions can be short-lived or prologed in months or even years. + +&#x200B; + +**Common retail myths to debunk.** + +***A retail trader cannot know why or when institutions/CB will move the market. Fundamentals are all theory but pointless -*** Ignorance speaking. Institutional perspective is based on macroeconomic views. Data used by them to generate their models and algorithms is public and available to all of us. Nothing stops you from generating a macro model , using whichever macro indicators you want. Nothing stops you to put all this data on an excel and analyze the economic facts. Nothing stops you to trade using the bias that the model will give you. Nothing stops you to go even further, and contract some freelancers with IT knowledge to generate algorithms that anticipate fair values and thus the moving of prices. + +Upon you have two choices to develop your career. You can keep looking for ways to react to price, ignoring what institutions are doing on the backgroud and the reasons why they are doing it. Which is perfectly right , if you choose it. There is not just a way to profit on this market. Whatever works for you. + +Or you can choose the way of the institutions, and develop models that make you "see" what is going to happen. When you enter in the market, following the institutions, you will know that your analysis is backed by them and that there is little to fear if your timing is good. It is not an easy way, but it is truly rewarding. Its a career choice that will take time and effort. Not a quicky path to get rich. + +***Fundamental analysis are just trading "news" -*** Nope, a fundamental view under a macro perspective wont solely change just because a CPI or NFP is released. It will have an effect, and in coordination with other factors it might point that something is changing . Just because an unemployment report came better than expected, it wont mean that will reverse the momentum of other 15 indicators that are bearish on the moment. It might trigger a spike that will also help to get some retails stops, but not much more. + +***Price action over fundamental views -*** Just nope. Neither the other way. A perfect price action move (even on intraday) will be on the wrong side at some point if it is not aligned with the fundamental view. A fundamental view entered with poor price action timing will most likely get you out if you dont have enough pockets to resist a margin call. You dont want to trade blind, but neither to miss the correct timing. + +And thats all folks. Hope you get something out of this. Dont hesitate to comment if you feel you have been missing something all this time. If the post gets enough interest, I might consider to open a series about creating your own macro model. Cheers, good luck and good trade. +Had a good job going for a year, worked fine until I was fired for something extremely trivial (they thought I was stealing fountain soda of all things.). Since the day (november of 2016), I haven't been able to find employment at all. My girlfriend has been helping support me since then and I've been able to start up a small patreon business via the server I run to get some money in, but it's not enough and bills have been stacking up. + +I live in a small town where I haven't been able to find employment at all. I live close to a larger town, but the bus ride there and back cuts off a lot of jobs due to time investment in getting there. About a month ago my phone broke and I lost my phone number and I won't be able to get a new phone until next month, if I'm lucky. + +Much of the money I make from patreon goes into a credit card that was maxed a few months after I was fired. + +My girlfriend is at a breaking point with me cause I haven't been able to find employment and don't have the money or resources to be able to go to school, training, or even so much as get a driver's license. I don't know how much longer she's going to put up with me. At max I make around 200 dollars a month. + +I need help just finding a job. I've gotten help with my resume in the past and have a linkedin and such, but so far it hasn't helped other than a couple interviews that went nowhere last year. + +I'm not sure what to do anymore. Any advice will be appreciated. + +Edit: Additional information + +I live in washington, Eastern washington. +I'm 24 years old +No driver's license. Was always too expensive or times for it never lined up. + + +Edit 2: Thank you very much for the advice. Especially from u/fucking_troll, /u/kittynaed and /u/mr_commuter. I needed the advice and confidence boost to get my ass in gear and things are in motion now. I really appreciate it. +I think they are messing with shf and slowly showing us their buy ins each day of this week. I think we will likely see another buy in filing tomorrow. Guessing it's probably Furlong. Fingers crossed. But either way, they are buying in. And that is what I like to see! Hodl +I got manipulated into attending the University of Phoenix when I first moved to the U.S and didn’t know much about colleges here, and they said they would accredit the undergrad degree I already had from my country, so I took the opportunity to pursue two masters with them. Little did I know this university was not credible and I’ve been trying to pay 100k in student loans for the past 8 years. I can’t land jobs that require degrees even with my masters that were supposed to be promising (MBA and MAED) since most people know the truth behind these for-profit schools and do not take them seriously. I am losing 10% of monthly income to loans, and my salary is already low. I recently heard about how UoP was sued for using misleading information to lure people into their school who don’t know better. These loans ruined my credit and my life has been hell trying to pay them off since moving to the U.S. I wanted to know if anyone could offer me any advice on paying this off since I heard they were forgiving people who attended, but I am not exactly sure what to do or how the forgiveness works. I also wanted to know if I could get refunded for the tuition I already paid that was deducted from my tax returns and my monthly income that is being stolen from me. This school targets minorities and people who do not know better, and I fell victim to this trap. I would appreciate any kind of advice (: +One of the easier ways to gain a consumer’s trust is acknowledging one facet of story, especially a “hard truth” or admission of guilt, then springboarding off of that to control how the rest of the story is presented. I do it with customers. I do it with management. I do it with my crew. It’s the easiest thing in the world to execute and it works every time. + +They’re essentially showing you one side of a die and lying about the 19 other sides, but you won’t notice because you’re impressed they were honest about one losing roll. + +You’re not going to learn anything new from Fox, MSNBC, etc. Avoid it. If you see something that papers those hands, remember the DD, examine it for yourself, and scroll through the comments for dissenting opinions. Sure the mods are great and the DD is a game changer, but I’ve gotten more from the comments than almost anything else on the sub. +I was listening to this podcast from Harvard Business Review https://hbr.org/ideacast/2017/02/why-you-should-buy-a-business-and-how-to-do-it.html + +They talk about how people find and buy established small businesses which can generate a very large income. This seems a lot less riskier than a start up. Considering I am in a management role and making pennies compared to what the owner of the company is making, this seems like a really appealing next step. + +Would this be a realistic way to achieve fatFIRE in a relatively shorter timespan and a regular 9-5? Anyone want to share their experience? +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. + +&#x200B; + +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.) +Hello, + +I will have payed off my bank loan within 10 years, but I was thinking. Does it make sense to extend that loan (say 20 years), so I need to pay back smaller pieces each month, and I have more money over each month to invest in ETF's? + +Living in Belgium btw at 1.15% interest rate. + +Cheers, +I was going to write this all as a reddit post, but it got a bit long, and I wanted to add some picures, + so I put it on Medium. This is a truncated account of some bad trading activity from mid-2016 to early 2017. Happy to answer any questions. + +[Million Dollar Trading Mistakes, For Your Entertainment and Edification](https://medium.com/@Edward_Giraffe/million-dollar-trading-mistakes-for-your-entertainment-and-edification-e9bbf9675a8b) + +*Edit: Dang, this got popular fast. Even landed on Hackernoon! Thanks, Reddit. Find me on [Twitter](https://twitter.com/Edward_Giraffe) for more fun and crypto.* +I’ve had another job offer with conditions which are far better then my current job. But it comes with a decent pay cut. I will go from around $160k pa to $120k pa. + +I love my current job, however there are some frictions which means it imposes pretty heavily on my personal life. Travel is quite heavy, and often loving out of a suitcase interstate or overseas. It was likely a key factor in my relationship breakdown. Now I think that’s caused me to focus even more energy into work. + +Job satisfaction in the new job would be quite high but not as much as my current job, however I have friends who have made the swap and swear the lifestyle improvement is significantly better off and they’re not taking work home with them. + +How much do you value a better lifestyle? +Is there a monetary value to place on a better lifestyle? +Is it wrong to feel defined by the job we do? + This is the 3rd time it has been delayed. I don't remember another rule related to the MOASS being delayed this long. According to their laws once a rule is proposed and hits the Federal register it has 180 days to be approved or denied. Yesterday was the 180th day for NSCC-2021-010 but they cited a sub clause that allows them to extend it one more time for up to 60 days. The new date is April 8th. As far as i can tell the laws they use don't allow for another 60 day extension after that so it should be the last but i will leave the link for other Apes to check for loopholes. [https://www.law.cornell.edu/uscode/text/15/78s](https://www.law.cornell.edu/uscode/text/15/78s) + +The Government is stalling for time like the useless Bureaucrats they are. Remember these moments fellow Apes when the MOASS does finally come. Use it to so you do not give into fear, tiredness, or the lies of con men like Lou and sell your shares for any less than their true value. Remember how long they have made us wait for something that we won fairly. Time is money and they have wasted a lot of time. Each day the price goes up! UNITED WE GET RICH, DIVIDED WE FALL! [https://www.sec.gov/rules/sro/nscc/2022/34-94168.pdf](https://www.sec.gov/rules/sro/nscc/2022/34-94168.pdf) +Hello there, + +&#x200B; + +I wanted to talk about a project I really believe in, PitJupiter. + +PitJupiter is an anti-whale DeFi token, but not just your random altcoin with no use other than pump & dump. + +I found this token pretty early, only a few days after launch, and the community organized itself around it and grew organically pretty fast. + +They are currently reworking the website, not listed yet on CG (pending) or CMC and have great ambitions to push this project further and further. + +They're making governance a main point of the project, since it is community-driven, they always ask about the people's choice. + +&#x200B; + +Several projects are under development by the team & community around the token, the most notable ones are focused on bringing real use-case to the currency, through: + +\-NFT market (including non-visual art like music, certificates, etc..) + +\-Mobile phone App + +\-Merchandises & more + +\-Community-chosen charity + +&#x200B; + +You can find more of the tokeneconomics on their website & whitepaper + +&#x200B; + +Hoping you will check us out ! + +Contract: 0x359f35085202c8527a0c767557339635a335eb76 (on Binance Smart Chain) + +&#x200B; + +Website: [https://pitjupitertoken.com/](https://pitjupitertoken.com/) + +Telegram: [https://t.me/pitjupiter](https://t.me/pitjupiter) + +Discord: [https://discord.gg/9aYQyppY5Y](https://discord.gg/9aYQyppY5Y) + +Twitter: [https://twitter.com/PitJupiterToken](https://twitter.com/PitJupiterToken) + +BSCscan: [https://bscscan.com/token/0x359f35085202c8527a0c767557339635a335eb76](https://bscscan.com/token/0x359f35085202c8527a0c767557339635a335eb76) +Wass'up? + +I'm back with some more dericious milk from my wonderful manboobs for y'all to feast on. This post is going to be about the remarkable shortness of the earning calls, the absence of Q&A sessions and why this shouldn't piss you off. + +"Yeah, delicious\_manboobs, but I need fuel for my confirmation bias! It actually FUCKING pisses me off." + +Ok, ok, wooooh there, young fella, put down that pitchfork for a second and please listen. I understand that you feel like Yngwie Malmsteen: + +https://preview.redd.it/l58ny7x92gm71.jpg?width=884&format=pjpg&auto=webp&s=c9c878f61d5148a386e6e2c2487d5dacc50e41fc + +But let's put those earning calls into the context of the situation. Here's what we know: + +Disclaimer: I came up with all of this while picking my toes, this is not financial advise, I just smooth brain and not advisor. + +1.) GameStop confirms in their latest 10-Q SEC filing that + +"To the extent aggregate short exposure exceeds the number of shares of our Class A Common Stock available for purchase on the open market, investors with short exposure may have to pay a premium to repurchase shares of our Class A Common Stock for delivery to lenders of our Class A Common Stock." + +and + +"A large proportion of our Class A Common Stock has been and may continue to be traded by short sellers which may increase the likelihood that our Class A Common Stock will be the target of a short squeeze." + +source: [https://investor.gamestop.com/node/19256/html](https://investor.gamestop.com/node/19256/html) + +GameStop confirms that there is very significant short interest which may lead to a short squeeze. + +So what about the wording? Why does it contain "may" and such stuff. + +There was a post back in March that explained the wording used in a former GameStop filing: [https://www.reddit.com/r/GME/comments/mdzuuf/breakdown\_of\_gamestops\_sec\_10k\_from\_legalese\_to/](https://www.reddit.com/r/GME/comments/mdzuuf/breakdown_of_gamestops_sec_10k_from_legalese_to/) + +tl;dr: This form is an official document, a forward looking statement - if not happening - might be held against GameStop. There are - in my opinion highly unlikely situations - where a short squeeze might not happen, such as: everybody paper hands at the same time. Highly unlikely, but possible, this is why we might see a "may" here. Wanna know more about legal speak? Read the post. + +2.) GameStop is helping the SEC to investigate into trading activity in our securities. + +" On May 26, 2021, we received a request from the Staff of the SEC for the voluntary production of documents and information concerning an SEC investigation into the trading activity in our securities and the securities of other companies. The SEC has since called for additional documents, as a follow up to the initial request. We are in the process of producing the documents and have been and intend to continue cooperating fully with the SEC Staff regarding this matter. This inquiry is not expected to adversely impact us. " + +Wut mean? So, the SEC will not look into trading activity if it feels that it is normal. It will look into trading activity that it feels is not normal. GameStop voluntarily helps the SEC with documentation. + +On top of that, we know that the president of the New York Stock Exchange publicly stated that price discovery for certain securities is broken. + +Here's one of my posts covering that topic: + +[https://www.reddit.com/r/Superstonk/comments/o1tzje/it\_actually\_is\_big\_when\_the\_nyse\_president\_says/](https://www.reddit.com/r/Superstonk/comments/o1tzje/it_actually_is_big_when_the_nyse_president_says/) + +So, what I conclude from that: "Price discovery is broken" is just a nice way to say: "The price is manipulated and wrong, bitch." A 10% in AH yesterday? Exactly that kind of broken price discovery experience. + +3.) GameStop believes in its investor basis + +Remember what Sherman said last quarter? He specifically thanked a wonderful investor basis, that's every single ape hodling the stonk. You, and you, and you. + +I'm pretty sure that GameStop trusts us, just as much as we trust GameStop. This makes for an unbeatable team, wait and see. + +\------------- + +Ok.. now that we gathered some facts and evidence, let's pull this together to explain why less might actually be more currently. + +With an extraordinary short interest confirmed by GameStop in their filing (see point 1), we know that + +"once investors purchase the shares of our Class A Common Stock necessary to cover their short positions, the price of our Class A Common Stock may rapidly decline. Stockholders that purchase shares of our Class A Common Stock during a short squeeze may lose a significant portion of their investment. " (latest 10-Q statement) + +It's therefore in the interest of short sellers that price does not rise (yeah, yeah.. that's a fucking no-brainer, I still felt like I need to mention it). So, we also have confirmation from the NYSE, as well as SEC investigation into trading activity around the stock that price discovery is broken and that we see unusual trading activity. + +I think that many individual investors in this forum agree that psychological tactics are being deployed in order to get people to paper hand. Consider the following: + +We know that shorts need apes to sell in order to close their positions. Nothing new. Of course they want us to sell at a low price. + +We know that price discovery is broken and that trading activity is being investigated. A heavy drop in price, such as the drop in AH yesterday, might very well be related to unusual trading activity and broken price discovery. Also, nothing new. + +But, what shorts really need is to create a sell-off. Action by hodlers needs to follow their manipulative action. Let me put forward some psychological aspects here. + +Let's assume the price just randomly falls in the middle of the day, let's say by 15%. You would probably go: "Wtf did just happen. Why did the price drop so much." You might feel that there is no reason for the price drop. + +Now let's take another example, in which we have very bad news for a company (e.g. a biotech company that just got a license revoked) and then the price drops. Suddenly, the price drop has a reason. + +In a psychological experiment by Harvard social psychologist Ellen Langer, it could be proved that "a well-known principle of human behavior says that when we ask someone to do us a favor we will be more successful if we provide a reason. **People simply like to have reasons for what they do.**" + +\[This is taken from the book "Influence" by Robert Cialdini, an exceptional good read if you want to understand more about the mechanisms of influence and manipulation\] + +So, in this experiment the following was discovered. 94% of people would allow somebody to the skip the line to use a Xerox printer if they were given a reason, compared to only 60%, when no reason was given. + +The very interesting point however is the following: It doesn't matter if the reason given makes any sense. Even if a bogus reason was given ("Excuse me, I have five pages. May I use the Xerox machine because I have to make some copies?") the success rate was at 93%. People just need a reason, it doesn't really matter if it makes much sense. + +After this sidestep, let's translate that to the earnings situation. I strongly believe that the price drop in AH is shorters asking apes if they are willing to sell their shares. I mean, I'm sure that everybody has been thinking about this when they see the price drop first, right? + +From social psychology we know that this will work much better if a reason is given. Such as "The price dropped, because \[insert any reason here, no matter if it's logical or not\]". + +So what reasons are given for the price drop? It can only be stuff that we hear from GameStop, such as: "Uh, look, earnings was bad." Remember how it's not even important that the reason is logical? Even if earnings was not bad - and it absolutely was great yesterday, I made a write up here: [https://www.reddit.com/r/Superstonk/comments/pklwk5/a\_journey\_through\_the\_land\_of\_earnings/](https://www.reddit.com/r/Superstonk/comments/pklwk5/a_journey_through_the_land_of_earnings/) \- it suffices that they have a reason. + +I think by now, apes expect that, they know that earnings will be used as a reason to ask for selling. I think it's quite clear that this not working at all at this stage. + +&#x200B; + +So, how does this tie together with the super short (see what I did there?) GameStop earning calls. Why is there not Q&A? Why are the calls so short, no outlook? I think it's because of a combination of point 3) above with what I just wrote. GameStop trusts us and knows that we trust them. I really believe that they know we want to hear more about the future and the plans and that by not doing so, they will disappoint us. They weigh this against the cannon fodder they will provide manipulators with if they lay out their plans. + +I think they have a very good reason to keeping it short and simple. But they know they can trust us that we still HODL with diamond hands. And manipulators run out of reason for their manipulation. + +tl;dr: GameStop looked through the psychological operations of short sellers, abusing information given by the company to drop price. The keep information flow as low as possible, to dry out cannon fodder for psy ops. GameStop is very aware that we love to hear more from them, but in the interest of its investors (us), it accepts that apes might be disappointed with not getting information, in exchange for hurting bad market actors. + +\[obligatory rocket emojis here\] Apes together strong. +https://www.reuters.com/article/us-health-coronavirus-imf/imf-chief-says-pandemic-will-unleash-worst-recession-since-great-depression-idUSKCN21R1SM + +WASHINGTON (Reuters) - The pandemic sweeping the world will turn global economic growth “sharply negative” in 2020, triggering the worst fallout since the 1930s Great Depression, with only a partial recovery seen in 2021, the head of the International Monetary Fund said. + +FILE PHOTO: IMF Managing Director Kristalina Georgieva speaks during a conference hosted by the Vatican on economic solidarity, at the Vatican, February 5, 2020. REUTERS/Remo Casilli +IMF Managing Director Kristalina Georgieva painted a far bleaker picture of the social and economic impact of the new coronavirus than even a few weeks ago, noting governments had already undertaken fiscal stimulus measures of $8 trillion, but more would likely be needed. + +She said the crisis would hit emerging markets and developing countries hardest of all, which would then need hundreds of billions of dollars in foreign aid. + +“Just three months ago, we expected positive per capita income growth in over 160 of our member countries in 2020,” she said on Thursday in remarks prepared for delivery ahead of next week’s IMF and World Bank Spring Meetings. + +“Today, that number has been turned on its head: we now project that over 170 countries will experience negative per capita income growth this year.” + +If the pandemic faded in the second half of the year, the IMF expected a partial recovery in 2021, Georgieva said, but she warned the situation could also get worse. + +“I stress there is tremendous uncertainty about the outlook: it could get worse depending on many variable factors, including the duration of the pandemic,” she said. + +The IMF, which has 189 member countries, will release its detailed World Economic Outlook forecasts on Tuesday. + +The novel coronavirus that emerged in China in December has raced around the globe, infecting 1.41 million people and killing 83,400, according to a Reuters tally. + +Georgieva said the pandemic was hitting both rich and poor countries, but many in Africa, Asia and Latin America were at higher risk because they had weaker health systems. They were also unable to implement social distancing in their densely populated cities and poverty-stricken slums. + +She said investors had already removed some $100 billion in capital from those economies, more than three times the outflow seen during the same period of the global financial crisis. + +With commodity prices down sharply, emerging market and developing countries would need trillions of dollars to fight the pandemic and rescue their economies, she said. + +“They urgently need help,” she said, estimating hundreds of billions of dollars would have to be pumped in from outside sources since those governments could only cover a portion of the costs on their own, and many already had high debts. + +Georgieva said it was encouraging that all governments had sprung into action, enacting some $8 trillion in fiscal measures and massive monetary measures. + +To ensure a future recovery, Georgieva called for continued efforts to contain the virus and support health systems, while averting export controls that could slow the flow of vital medical equipment and food. + +“The actions we take now will determine the speed and strength of our recovery,” she said. + +It was critical to provide affected people and companies with “large, timely and targeted” measures such as wage subsidies, extended unemployment benefits and adjusted loan terms, while reducing stress to the financial system. + +Coordinated fiscal stimulus was critical, and monetary policy should remain accommodative, where inflation remained low. + +“Those with greater resources and policy space will need to do more; others, with limited resources will need more support,” she said. + +The IMF was created for times like these, and stood ready to deploy its $1 trillion in lending capacity, Georgieva said. + +The Fund’s executive board had approved doubling its emergency funding to $100 billion to meet the requests of over 90 countries, and staff were racing to process those requests. + +The IMF was also looking at ways to provide additional liquidity support, including through creation of a new short-term liquidity line, and solutions that would allow lending even to countries whose debt was unsustainable, she said. + +The IMF was also looking to increase its Catastrophe Relief and Containment Fund, which provides grants for the poorest countries to cover IMF debt service payments, to $1.4 billion from around $200 million, she said. + +To further aid the poorest economies, the Fund and the World Bank were urging creditors such as China and other countries to temporarily stop collecting debt payments on their bilateral loans. +As a gamer and tech enthusiast if there is one thing I know about leaks is more times than not whenever there is a leak for something we haven't heard of yet it is usually deliberate pre-hype to an announcement or so close to being released that the news has reached a boiling point forcing the news to leak out of the proverbial lid. My "money" is on the first option, this is pre-announcment hype IMO due to the fact it was found via Loopring's GitHub. + +My bet would be prior to Thanksgiving since the following weekend is a huge time for buying. + +This is only a theory, I am a potato connected to the internet and this is not financial or legal advice. +I am honestly beside myself... I will try to keep this as short as possible. + +My mom is in her 60's and is very lonely due to isolation (pandemic). She's been chatting with guys on Tinder for about 6 months. She has a "type" - "bad boy" military men. They are always on "assignment" somewhere, in the special forces, and love bomb her. I've told her countless times they are scammers. I don't know a lick about the military, but I can clearly tell they are scams. After awhile they would ask for money - she laughs cause she has none and blocks them... + +Recently, she's been talking to one guy in the "special forces" who "lives" on a base in DFW area. Supposedly she cannot call him directly, she needs to call "base" and then he calls her. I've told her it's most likely a scam. Last week she told me he's coming to her city (Houston), but the military will need to verify her identity (why?). I told her DO NOT GIVE OUT ANY PERSONAL INFORMATION. + +She just called me and told me he's coming, and that money for his trip will be deposited into her account. RED FLAGS are flying in front of me. Why tf would military personnel not have a bank? I ask her what info did she give them. She told me she gave her social and bank info - like her login details. Her credit dropped because they made a hard inquiry!!!!! How can she not realize by now it's a scam?! I admit, I was livid and screamed at her to freeze her credit and call her bank ASAP. I just can't believe my mom could fall for something like this - even after I was right with the other scammers... + +Anyway... I need help on finding resources to protect her. She doesn't have much money (only SSDI). I told her to call her bank and tell them EVERYTHING and to freeze her credit via the 3 reporting agencies. What happens if they opened a card or loan under her name? What else can she do? What else can they access with her social and bank info? + +**Edit:** She was able to close her bank account (thank goodness). I am driving down tomorrow to help her set up a new account with her bank and go to the Social Security office to give them the new bank info and report the scam. I don't know if the scammer charged anything to her debit, but he did get notified her account was closed (and is attempting to call/text her). I told her to call at least one of the credit reporting agencies tonight to freeze her account and request details on the hard inquiry/claim it as fraudulent. She finally realized it is a scam. The really sad part about this is the "military" emails she received that were requesting her personal information are clearly ***not*** from the military and it pains me she didn't realize it at the time. + +I will also request account access to her credit cards, bank account, and any other important accounts to help her monitor activity. I plan to call my company's legal department (it part of benefits) to see about setting up a financial and medical PoA (not executable until absolutely necessary). I'm just so sad, she's had a really difficult life and this just makes it worse... + +**Edit #2:** So the good news is that they did not withdraw/deposit anything in her bank account. She called all three credit reporting agencies and froze her account. I told her to pack her bags and she'll be staying at my place for a few days so we can change her account passwords/user names, call SS, and get her annual credit report. I told her that it would be best for me to have access to all of her accounts - and she agreed. Right now she feels so stupid for falling for this scam, and I tried my best to reassure her that everything will be okay. We will get through this - just block the scammer's number and do NOT respond to him at all. I will also report this scam to the ic3 and FBI. Thank you all for the resources you provided. + +I just hope this can be a lesson for some of you who have aging parents or a parent, especially during these times when many are cut off from so many resources. I did not realize how lonely my mom was. I feel like I could have done more... I was always a bit dismissive of these encounters when we spoke... I will try my best to make up for it now. Thank you again. + +**Edit #3:** We went to her bank to open up a new account. Turns out her old account wasn't totally "closed," so we got that shut down and all money withdrawn. We had to schedule an appointment for tomorrow to create a new account, so I will be with her tomorrow too. Although it looks like she will have to unfreeze her accounts in order to open a new account. Then call SS to add her new account for direct deposit. So there seems to be light at the end of the tunnel. + +I changed her passwords to all possibly compromised accounts, including SSA and closed her [my.id](https://my.id) (it wasn't set up and he actually asked for that info). I now have access to all email addresses, Credit Karma, and loan company. Set her up with TrueId and some other credit reporting agency free monitoring accounts. No cards/loans were added to her reports, but that makes sense since it can take over a month to show up. The drop in her score was her doing (yes, she also is terrible with money, like really bad although had good credit until now - and we've gone over this before numerous times). I will assist her with monitoring all reports. I may sign her up for Lifelock, but the cheap plan doesn't really do much..so we shall see. + +I've read some of the emails from this guy, a few imessages (for some reason her messages disappear on her phone, so I was only able to see recent stuff). The sad part about it is that she was questioning why he needed all this personal info. The one issue my mom has is this extreme fear of abandonment, as she told me that she was afraid he'd leave if she didn't give him her info (no kidding). It just reminds me of the cycle of abuse. 9/10 times she picks these POS guys and she is very aware of this (my father was one). She's just way too trusting. Like any victim of abuse, you can guide them, tell them they are worth more, tell them what's happening isn't normal - but it is up to the victim to act. The ball is in her court and I will be there for her (but I will never bail her out financially). + +As for the people saying it may be Alzheimer's/dementia - I told her she should get checked by a neurologist just in case, even though she's had memory problems for quite some time (due to illness and medications). It was really hard finding out what accounts were compromised and explaining several times that a credit freeze does *not* freeze your credit cards. + +I'll also see about signing her up for Reddit and subreddits she'd be interested in. Perhaps also get her involved in local senior activities. Maybe see if she'd be interested in borrowing my Switch for games. + +Anyway, that's about all I can really do right now. I stayed calm and was there for her and she's super grateful for that. Thank you everyone for your advice, kind words, etc. I can now sleep easy knowing I've done all that I can and hopefully she learned her lesson. + + **Edit 4:** Well now things are getting weird.. I didn’t know this since I don’t use Credit Karma, but she has a CK savings account. It has 2 pending large transfers totaling $16,000. I asked her if the visible last digits of the account number where the deposits are coming from are hers. She said no (has her old account routing/account number written down but I will confirm tomorrow). I filed a complaint with CK online (I honestly can’t believe they don’t have a CS number). Not sure if I should keep the CK account open or not, but I’ll wait to hear back from CK and her bank. + +This makes absolutely no sense to me. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /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) +As you may know, you can withdraw Roth IRA contributions tax free. To access the Roth 401k funds, you can roll over roth 401k to Roth IRA, and then withdraw the contributions to the roth 401k(but not the earnings without penalty/taxes). + +When you take a distribution from a Roth IRA before 59.5, you have to fill out a form 8606. This requires you to put down your contribution basis to determine how much of your withdrawal is from your basis vs earnings. + +What many may not realize is that your provider has no requirement to maintain these records long term, only to provide a form annually to the IRS(5498) that lists your contributions. + +Fidelity, for example, to my knowledge, only provides tax forms/statements going back 10 years. To my surprise there is no guaranteed way to determine your basis, only way is to add up the contribution amount from each year's statement. This essentially puts the responsibility on you to stash away this information yourself. + +For this reason I discovered it is absolutely critical that you maintain personal copies of the 5498 you receive so that you can determine how much of the Roth IRA you can withdraw without penalties or taxes before turning 59.5. +As you may know, you can withdraw Roth IRA contributions tax free. To access the Roth 401k funds, you can roll over roth 401k to Roth IRA, and then withdraw the contributions to the roth 401k(but not the earnings without penalty/taxes). + +When you take a distribution from a Roth IRA before 59.5, you have to fill out a form 8606. This requires you to put down your contribution basis to determine how much of your withdrawal is from your basis vs earnings. + +What many may not realize is that your provider has no requirement to maintain these records long term, only to provide a form annually to the IRS(5498) that lists your contributions. + +Fidelity, for example, to my knowledge, only provides tax forms/statements going back 10 years. To my surprise there is no guaranteed way to determine your basis, only way is to add up the contribution amount from each year's statement. This essentially puts the responsibility on you to stash away this information yourself. + +For this reason I discovered it is absolutely critical that you maintain personal copies of the 5498 you receive so that you can determine how much of the Roth IRA you can withdraw without penalties or taxes before turning 59.5. +These past 10 days have been quite a downward rollercoaster ride. Pretty much all the Chinese exchange related news has been released and made known of. The worst is over. All time frames on ETH and BTC are essentially over sold. + +ETH has metropolis around the corner and with the Chinese FUD behind us it is safe to say. + +We are ready for T-A-K-E--O-F-F + +- TheChoseonee +https://www.cnbc.com/2020/03/03/trading-app-robinhood-experiencing-major-outage-for-a-second-day-amid-heavy-volume-market-action.html + +Robinhood saw a second day of glitches that kept clients from trading as markets rebounded. + +“We are experiencing a system-wide outage,” a message reads on Robinhood’s website. + +The start-up’s technical issues began Monday morning and lasted throughout the trading day, leaving users with their hands tied as the Dow Jones Industrial Average’s biggest one-day point gain in history. +Guess those posts come in similar shape quite frequently, but I’ll just post my story aswell, it might save some new traders a lot of frustration. + +So basically I f‘d my whole year in the matter of a few days. Which is kinda funny after all, my main struggle along all my journey was fear. I always took profits super early and used super tight stop losses. My R:R‘s are usually around 1:10 to 1:50. I do that by taking snipe entries on M1 and setting my stop loss at 1-2 pips below my entry. Foolproof and stress free. + +So I was actually doing super well the week before my destruction, had 4 consecutive days with 100% winrate on my trades, making around 1k. Then I took a kind of break for a few days and while that I missed the move I was anticipating for a long time due to a lack of patience (Pullback on Gold from its recent overbought levels). + +It made me super angry and at the same time I thought my level of understanding the market is finally enough to accurately predict the next bigger move. + +Since I was angry and a little cocky after my recent winning streak I oversized. A lot. Kept taking new longs at the lower range of the consolidation until I was around 7 times my usual Lot size. Don’t ask me what I was thinking. That wasn’t even the worst thing, I just didn’t put a stop loss because I finally wanted to give my trade room to breathe for once. + +So yeah what happened next? It dipped, took all my positions and then reversed to hit fib level 50 (which would have been my tp). There were early signs of bears taking control, but due to a mix of cockiness and anger I just conpletely missed that. + +I ended up at a loss of around 4k. That wouldn’t have been too bad, if I would have just stopped at this point. Could have gotten it all back in the matter of a few weeks. Yea. I didn’t. + +Best way of coming back from a huge loss? Increase Lot size again and revenge trade. In hindsight I feel like the worst rookie. Just no idea, all of this is so insanely stupid. + +Well I ended up emptying my bank account and had to pull money from my BTC investment to fund my trading account again. + +It’s still not financial ruin for me, but I’m struggling hardcore at the moment. My confidence is shattered. Even though I’m trading half of my normal Lot size I’m just super anxious about taking trades. I can instantly feel my heartbeat going up. + +So, well what to take from this: + +1. The point where your fear becomes confidence is extremly dangerous. If you feel that coming - don’t be as stupid as me. + +2. You can be the best trader in the world, if your risk management sucks you are going to fail, eventually. + +3. Stay humble or get humbled. + +Best of luck to you guys. +You CANNOT use investorvote for broker (street name) shares. That is for CS shares only. Simply click the vote now button that you received in the email from Fidelity or any other broker and it will take you to the broker-specific voting page. + +Investorvote.com is only for Computershare shares. The proxy materials say “Vote by Internet. Shares Held of Record: www.investorvote.com/GME”. + +Shares Held of Record = DRSd shares + +Below that it says “Shares Held in Street Name: See Notice of Internet Availability or Voting Instruction Form”. In other words, your broker or bank will tell you how to vote any shares that are held in street name. + +Shares Held in Street Name = any retail shares not DRSd. So your fidelity or other broker control number is and never was going to work at the Computershare investorvote site. + +https://gamestop.gcs-web.com/static-files/69239be2-1b34-444e-b981-ad69b586cedb + +I literally could not care less about karma. I am just trying to help. Please upvote this just for visibility and more eyes. + +TLDR: Stop posting about your control number not working. It works. You’re just not using the right online voting website. Read the proxy materials, they are very clear. Link above. + +TLDR #2: investorvote is for CS shares, proxyvote is for MOST broker/bank-held shares. Just click the vote now button from your broker/bank’s vote announcement email. +EDIT6: from /u/thisisnotameme2020 + +> Note - you may want to post THE EXISTING RULE +https://www.finra.org/rules-guidance/rulebooks/finra-rules/2165 + +> tinfoil hat on: why add the part about "(1) extend a temporary hold on a +disbursement of funds or securities or a transaction in securities for an additional 30- +business days if the member firm has reported the matter to a state regulator or agency or +a court of competent jurisdiction" if you already have the ability to do so based on "exploration" - isn't defacto a report to/investigation/lawsuit a flag to trigger holds in this case? So why add this explicitly? + +> That coupled with the safe harbor as discussed can be troubling tinfoil hat off + +> However, again, this is as written strictly limited to seniors 65+ and legal category of mentally or physically impaired so as to be unable to protect their interest (mentally incompetent in olden days). + + +EDIT5: One of the 10 Ape Commandments is to wait a few hours before jumping to any conclusions. I posted this for groupthink and it seems that it may not be as big a threat as it seems. Fundamentally, shorts have to cover so mass-abuse of this would seemingly only delay the closure of short positions. Additionally, this rule is directed towards seniors and physically/mentally disabled people, with language that might specifically call out what those terms mean and who they apply to. Finally, this is an amendment of an existing rule, which has allowed member firms to put holds on fund withdraws. This provides clarification to those rules, and expands member firm's rights and responsibilities equally regardless of which state they are in. + +But please though, keep digging + +EDIT4: from /u/grogosaur + +> Doesn't matter. + +> Why? + +> No matter what hedge funds throw at us... We BUY and We HODL + +> It doesn't matter if they freeze transactions for a year... + +> SHORTS NEED TO COVER + +> They cannot cover if the shares they need are held by us... They need us to sell... They need our shares... We can't buy any more stocks? Fine. Short ladder it to zero... Still need to buy the stock... Still need to cover short positions... + +> The only way to buy shares, is to create naked shorts, which would create a never ending feedback loop. + +> Buy... Hold... Eat the rich + + +EDIT3: from /u/Slipperhat: + +> I haven't read it fully yet, but there's some language around them having to also notify an assigned person - I think essentially a carer of some sort. So I would imagine it's people who want to trade, or at least have their money in an account that doesn't depreciate like a tracker who also are registered as disabled. I don't particularly like it at all either, but the rule has existed for a while form what I can see and they are just adjusting the time frames + +EDIT2: from /u/Carb0n12: + +> I do want to note, this ruling is targeted at mentally handicapped and seniors. This proposed ruling targets accounts with owners over a certain age or mental capacity designation. I’m still reviewing it, but it looks like 99% of us apes are in the clear for this, so far. + +> Here is the text pertaining to this specified rule: + +> The definition of "specified adult" in Rule 2165 covers those investors who are particularly susceptible to financial exploitation.13 A "specified adult" is (A) a natural person age 65 and older or (B) a natural person age 18 and older who the member reasonably believes has a mental or physical impairment that renders the individual unable to protect his or her own interests. + +> More info on this rule: https://www.finra.org/rules-guidance/notices/17-11 + +> Basically FINRA-2021-16 summarizes who falls under this rule, the restrictions proposed, the rationale, the age range and requirements of this ruling. This proposed (not into effect) ruling won’t apply to 99% of apes more than likely. I hate the idea of them of reverse taking advantage of any apes who fall into this category, however. + +> TLDR: if you’re not old (65+) and/or ACTUALLY designated mentally handicapped / limited, this finra proposed rule change doesn’t apply to you. + +**ORIGINAL POST BELOW** + +FINRA released a new rule (SR-FINRA-2021-061) ([link](https://www.finra.org/sites/default/files/2021-06/sr-finra-2021-016.pdf)) yesterday titled *Proposed Rule Change to Amend Rule 2165 (Financial Exploitation of Specified Adults).* + +At first read, there is a lot of language about protecting old investors from fraud, but the more I read the more vague and open-ended the rule change appears. After a few pages, my tinfoil hat is telling me this could be abused to prevent apes from trading stonks during the peak of a squeeze. Take for instance this language: + +> While some state laws permit placing holds on transactions, FINRA is proposing to amend Rule 2165 to create the first uniform national standard for placing holds on securities transactions related to suspected financial exploitation. Under the safe harbor approach, **a member firm would be permitted, but not required, to place a temporary hold on a transaction when there is a reasonable belief that the customer is being financially exploited**. FINRA recognizes that placing a temporary hold on a transaction is a serious step for a member firm and the affected customer. But FINRA also recognizes that placing a temporary hold on the underlying transaction may prevent significant negative financial consequences for the customer. These negative financial consequences can result even if a temporary hold is placed on any related disbursement of funds out of the customer’s account. + +There are safeguards that are assured to be there to protect customers from abuse of this rule, but the safeguards include things like + +* the customer must be notified within 2 days of the commencement of the hold for the reason of the hold. so, a hold can be placed without the customer knowing for a full 2 days. + +* a full investigation must commence immediately by the member firm placing the hold, but the hold can be placed with "reasonable belief" that a financial exploitation has occurred, has been attempted, or **even if they only believe that the exploitation may occur** + +It would be helpful if any big 🧠🦍 could review + +EDIT1: grammar +Two months ago, I got my windshield replaced by Safelite Auto Glass in Waterbury, CT. They offered to replace the wiper blades for free so I said yes even though my old ones weren't very old. They wore out within a couple of weeks. Last week, on the way home from work, the passenger side one actually bent in half in the middle of a downpour. The way my car is designed is that the wipers go in and out instead of left and right (2015 Honda). When one wiper goes out of sync, they collide and break right in half. + +I had to pull over on the highway to bend it back into place. I went to Auto Zone to replace them and noticed upon putting new blades on, the driver's side wiper arm was barely moving at all. I checked the arm and noticed that the bolt that holds the arm onto the motor was very loose. I checked the other side and it was very loose too. Upon further investigation, I noticed that the splines on the wiper motors were **completely stripped** on both sides. + +After tightening them, they worked well for a couple of days. A mobile tech came out and investigated and said there was nothing wrong and that they were working okay. Just today, they failed again during a snowstorm on my way home from work. This is a HUGE issue because I couldn't see anything in front of me and was putting my car and my safety (as well as the safety of others) at risk. I could have potentially crashed my car and injured myself and other people. I could not afford a tow truck, nor do I have other transportation. If I have to bring this to a mechanic to repair, I will not be able to get a rental car or afford the repairs. + +This is a 2015 Honda, the car is less than two years old and this would not have occurred naturally. It looks like they were never installed properly by Safelite after I got the windshield replaced. Now the dealership wants to charge an arm and a leg to fix it and I can't afford it. Safelite says it wasn't their fault, and all they are offering is to get a tech out or bring it back to their shop. Dealership says it's Safelite's fault and won't cover the repair. I just started a job and my boss is looking into firing me because I keep having to take time off for this. I can not and will not tolerate this any further. I really do not want to be a jerk and do not want to make a scene, but this NEEDS to get resolved ASAP. This is causing a lot more problems than just transportation issues. What should I do? +>The Florida House passed a bill Thursday to eliminate[ the special district](https://www.nbcnews.com/politics/politics-news/florida-gov-ron-desantis-asks-legislature-consider-eliminating-disneys-rcna25012) that allows the Walt Disney Co. to self-govern its Orlando-area theme park, sending the measure to Gov. Ron DeSantis for his signature. +> +>DeSantis, a Republican, called on the Legislature to back the measure during its special session this week. House lawmakers passed the bill in a 68-38 vote after the Senate's 23-16 vote on Wednesday. +> +>The legislation would dismantle Disney’s special district on June 1, 2023. The district, which was created by a 1967 state law, allows Disney to self-govern by collecting taxes and providing emergency services. Disney controls about 25,000 acres in the Orlando area, and the district allows the company to build new structures and pay impact fees for such construction without the approval of a local planning commission. + + [Florida House passes bill to dissolve Disney’s special self-governing status (nbcnews.com)](https://www.nbcnews.com/politics/politics-news/florida-house-passes-bill-dissolve-disneys-special-self-governing-stat-rcna25337) +324 trades + +184 wins, 131 losses, 9 even + +Avg W/L: +17.85, -17 + +10/15 winning days + +10% profit + +I am very optimistic about this strategy as the backtest returns extremely consistent results over the last 5.5 years. For this reason I am hesitant to discuss details about the strategy itself, but am happy to answer whatever questions I can. + +See you in another 15 days. +I just went to a food pantry, well tried to anyway. I walked inside and there was a group of college aged kids just staring at me from a back room. One finally said something along the lines of “do you need to speak to someone?” Well yeah, that’s why I’m here. + +Some older man comes out and I told him they made me feel weird. He pretty much excused it, and told me to pull around the building and get in line, then call the number on the sign once I got to the front of the line. So I pulled around, waited, and when it was my turn, called the number. Busy. Called again a minute later, and again. I kept getting the busy tone. When I looked up, the same group of kids from before were standing outside the door just staring at me. I tried calling one last time, and it was busy again. + +I was so frustrated that I felt like crying. I pulled off to avoid any further embarrassment. I am still left with the feeling of humiliation, and I just feel defeated because I wasn’t able to get any food. + +Has anybody else ever had a bad experience at a food pantry? All of my experiences before this were perfectly fine….. +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! + + + +👽Why $SafeYoda?🛸 + +🔹We want to bring together artists and non-artist to share their love for Star Wars and Crypto Currencies. Our main two focuses are Artwork Contests and Charity Donations. We want to do good and inspire. Inspire people to work their creativity and help people in need. We will be organizing artwork contests to compete for prize money. Entries will be listed on our social media and the community will be able to vote for their favorites. The 1st, 2nd and 3rd place will receive part of the total reward we’ve allocated for the competition. + +A deflationary token with 9% tax: + +💷3% distribution + +🔥3% burn + +💧3% liquidity swap. + +May the 4th be with you. + +\#SAFEYODA + +SpaceX tweet: [https://twitter.com/SpaceX/status/1389581875589550086](https://twitter.com/SpaceX/status/1389581875589550086) + +📱Socials📱 + +🔹Telegram: [t.me/SafeYoda](https://t.me/SafeYoda) + +🔹Twitter: [twitter.com/SafeYoda](https://twitter.com/SafeYoda) + +🔹Instagram: [Instagram.com/SafeYoda](https://instagram.com/SafeYoda) + +🔹Website: [www.safeyoda.xyz](https://www.safeyoda.xyz/) + +🔹Reddit: [r/SafeYoda](https://www.reddit.com/r/SafeYoda/)/ + +The return of the SafeToken! +Hello world, I hope you had a great weekend! +Let's get some sideways action! + +Current price "115 minutes in: 159.04 US-$" + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is crucial, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting: 159.64 US-$ + +5 minutes in: 159.64 US-$ + +10 minutes in: 159.64 US-$ + +15 minutes in: 159.64 US-$ + +20 minutes in: 160.48 US-$ + +25 minutes in: 160.48 US-$ + +30 minutes in: 160.48 US-$ + +35 minutes in: 159.76 US-$ + +40 minutes in: 158.38 US-$ + +45 minutes in: 158.80 US-$ + +50 minutes in: 158.80 US-$ + +55 minutes in: 158.44 US-$ + +60 minutes in: 158.44 US-$ + +65 minutes in: 158.44 US-$ + +70 minutes in: 158.44 US-$ + +75 minutes in: 158.80 US-$ + +80 minutes in: 158.80 US-$ + +85 minutes in: 158.80 US-$ + +90 minutes in: 158.80 US-$ + +95 minutes in: 158.86 US-$ + +100 minutes in: 158.86 US-$ + +105 minutes in: 159.04 US-$ + +110 minutes in: 159.04 US-$ + +115 minutes in: 159.04 US-$ + +The US pre-market is about to open so that's it for the day 🇺🇸 +I wish every single one of you a fantastic week, see you tomorrow! 👋 +I'm not trying to start a huge debate, I want to genuinely understand and I won't argue with the answers you give. + +Every other business is having their income affected in some way. But landlord are chugging along like nothings changed and still demand full rent from business and residential tenants. + +These businesses have just as much expenses as you, it's their investment and most of the time, main source of income. They are making it work with very little revenue to zero revenue coming in. Residents lose their jobs and have no other income either. Obviously, people's incomes are being affected but when it comes to landlords having to give up revenue, you guys come out talking about all your expenses and financing costs as if no other business is dealing with that. + +**What makes you deserving of special treatment? Do you feel superior to your tenants and small businesses?** +I was just wondering if anyone here has experience with FI success while also traveling, taking gap years, living as an expat, or otherwise having a carefree/somewhat irresponsible life. To me, these two ideals seem incompatible because FIRE is easiest to achieve with the following in place: + +a stable foundation, a routine that allows you to streamline your expenses into the bare minimum, having all necessities close to home, working hard at your career and making the necessary steps to advance, having a company match for your retirement account, having a house and other assets that you can pay off, having access to strong economies and all of their fast-track methods, being able to manage real estate investments in the same city, not having major gaps on your resume that prevent you from getting a job, not having a boatload of travel expenses, etc. + +My problem with that lifestyle, as great as it sounds, is that I will be graduating with my undergrad soon and I'm very hesitant to spend what remains of my youth in a cubicle with a high savings rate only to be free to do what I want when I'm 35. (even though that's a far cry better than 65) + +If I had no concern over building a financial future or advancing my career, my first job out of college would be living at a ski resort in Utah for a couple of seasons, followed by a few years in France, then the lower East Coast, then Washington, and you get the idea. I was just wondering if any of you guys have been able to meld these lifestyles together, or had any thoughts about doing what you enjoy while still working hard at your career. +[Link](http://davidcard.berkeley.edu/papers/njmin-aer.pdf) + +> **Abstract**: On April 1, 1992, New Jersey's minimum wage rose from $4.25 to $5.05 per +hour. To evaluate the impact of the law we surveyed 410 fast-food restaurants in +New Jersey and eastern Pennsylvania before and after the rise. Comparisons of +employment growth at stores in New Jersey and Pennsylvania (where the +minimum wage was constant) provide simple estimates of the effect of the higher +minimum wage. We also compare employment changes at stores in New Jersey +that were initially paying high wages (above $5) to the changes at lower-wage +stores. We find no indication that the rise in the minimum wage reduced +employment. + +*** + +Sorry about the delay! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +**What is a DAO?** Standing for Decentralized Autonomous Organization, a DAO is an internet-native blockchain-derived investor-directed venture capital fund organization managed by all members. At its core they have an objective to provide a decentralized business model for all future enterprises. Mark Cuban called them “the ultimate combination of capitalism and progressivism.” + +One important aspect is that all code is open-source. This is done with the aim to eliminate human error, manipulation, and third parties, by having an automated crowdsourced process of decision-making. Unlike a company, DAOs have democratized organizations allowing all members to vote for any implemented change. The DA organization is represented by transparent computational rules, secured on the digital ledger across the internet, hardened against forgery by timestamping, and disseminated as a distributed database. The DAO is controlled by the members; no managers or basses are needed. + +>Bitcoin in essence is the first fully functional DAO with programmed rules and functional autonomy through consensual protocol; the miners and nodes signal voting through support. + +**DAOs need four things really;** + +* A set of rules, +* A funding token, +* Voting right provisions, +* A clear structure & roadmap + +|**DAOs**|**A traditional corporation**| +|:-|:-| +|Flat hierarchy.|Hierarchical.| +|Voting required for any changes.|Changes demanded from sole party, voting may be offered.| +|Voting outcome implemented automatically.|Tallied internally and outcome handled manually.| +|Services handled automatically in a decentralized manner.|Human handling, centrally controlled automation, prone to error and manipulation.| +|All activity transparent and public.|Activity private.| + +**Creation of a DAO:** + +* Step one; create a smart contract that once launched the rules can only be changed by coded governance system. +* Step two; sources of funding must be determined and governance must be engaged, typically funded via token sale that come with voting rights. +* Step three; deploy smart contract on the blockchain from which point onward stallholders will decide future organization. The dev(s) have no more influence than any other stakeholder. + +&#x200B; + +**How can I join a DAO?:** Just invest in their token, and boom, you’ve joined. The smart contract token you just bought establishes the DAO’s rules, most likely you have to stake the token or another in the DAO to get voting rights and influence operations. This is typically done by deciding on and creating governance proposals. The fact that you need to stake to create proposals is to prevent spam proposals, and only (typically) proposals will pass if a majority of stakeholders approve (different percentage majority per DAO; specified in the smart contract). + +**What’s the point? Where is the need?** Are we all not internet native, or soon will be? DAOs are internet-native organizations with technological advantages compared to traditional companies. They have and establish a higher level of trust then say, the classical corporate hierarchy. Only the open source code needs to be trusted which is transparent thus auditable and verifiable at any time. This solves the economic principle-agent-dilemma where there may be a conflict of priorities between a group and those making the decisions for the group. The answer is community governance where incentives are aligned. There are charity DAOs, ones for NFT investments, for funding projects by Black women and non-binary artists, for funding women and non-binary crypto founders, some are exclusive social clubs, and others are for-profit business applications. I’ve even seen freelance DAO networks of contractor. + +>**Examples of DAOs:** Aragon, MakerDAO (MKR), DAOstack, DASH, JennyDAO, Jelurida, SharkDAO, DAOhaus, RaidGuild, Proof Of Humanity, Opolis, BanklessDAO, MolochDAO, + +**Downsides of DAOs:** No organization is perfect, decentralized or autonomous or not. This is extremely new technology that continues to attract criticisms over legality, security, and structural issues. As a DAO can be distributed across multiple jurisdictions, there is no legal framework. One may have heard about ‘The DAO’ crashing, as back in 2016. ‘The DAO’ was launched on Ethereum and raised $150 million in ETH (largest crowdfunding effort at the time) but a few days later developers expressed concern about a bug that would allow malicious actors to drain funds, and while a proposal was set forth to fix it an attacker took $60 million worth of ETH. At the time, 14% of all circulating ETH was invested in ‘The DAO’. Chaos ensued and a hardfork was implemented on ETH. Those who disagreed moved to support an earlier version of the ETH network, which became known as Ethereum Classic, or ETC. Point being if any gaps in the contract framework aren’t closed before launch, it can lead to potential theft and money loss. *There is no such thing as a fully D & A organization.* Depending on governance, there are only various levels of decentralization. While the network may have independent but equal network actors, the smart contract rules themselves will always be a centralized loss of direct autonomy; architecturally and geographically decentralized yes but logically centralized on the protocol. Upgrading of code is often delegated to experts who understand techno-legal intricacies of code and are therefore a point of centralization. + +**Future of DAOs:** Despite the potential for DAOs to revolutionize the industry, and be a disruptive force to corporate structuring as a whole, they face security and legality issues. As we all know the SEC claims some blockchain based companies might have made illegal offers of unregistered securities. There is also a lack of understanding about cryptocurrencies from new investors, not to mention the technical competence one needs to understand the computational infrastructure and consensus mechanisms within the smart contract to feel good about investing in it. It’s not all bad though, Wyoming just became the first state to recognize DAOs as legal entities. DeepDAO says there are about 181 DAOs, with an ecosystem’s total assets under management (AUM) of $13.4 billion. + +Somewhere, in some business boardroom, people are trying to figure out how to integrate self-driving cars into DAOs of autonomous taxi drivers. You order an Uber and it comes, no company, just code. +Hi, I'm turning to algo trading (yet to start) after losing quite a substantial amount of money. I've watched a few vids and I came across these costs... + +Live Data Feed - $12/mth + +Ninjatrader Lease - $75/mth + +VPS - $50/mth + +Total - $137/mth + +Is that the average cost to set up algo trading? (code, backtest, automated trade execution) +I was scrolling through Reddit today when on another subreddit, someone was discussing how difficult it is for them to clean when they’re so busy and someone else responded and said to “just pay someone else to do it” for them. It kind of caught me off guard because I’ve never thought of paying someone else to do a task of mine as a casual thing; usually it’s something I’d save for or would have to make a much larger income to make happen. I do not currently pay anyone to do any tasks around our house, but I dream of a world where I could. +I mean, if I put my this addres to any of my bank account, W2, tax return, driver license, utilities under my name, name a few. But I actually live in another town across the city, how can they find out? + +Add: I see the answer. Thank you very much everyone. I think this might be too late, but what if I live there every other days or half of the week. Would this be ok? +Hi, + +I recently came into about $300K through work and would like to invest it into real estate. The problem is that I have never bought real estate and have no idea where to start! + +My initial thought was to use the money as a down payment on a loan to purchase a local apartment complex. However, I don't even know how to start the process; nor do I know what good terms, properties, or deals look like; nor do I know what my options are in terms of terms and deals; nor do I know what to watch out for; nor do I know how to ideally structure my affairs so that I can keep going in real estate investing if my first purchase turns out to be profitable. + +I'd love to take college-style courses that would teach me the basics of real estate investing and help me with the particular issues I identified above. I've always been good in school, and a more structured education program (like a series of courses that ultimately grant a certificate of some sort) seems good to me at first glance, albeit slow. However, I wouldn't have a problem with reading a series of books, or doing a number of seminars, or something else, in lieu of courses. + +Can anyone here please steer me in the right direction? I just want to learn enough to get started without the feeling that I could be easily ripped off or make the obviously wrong decision due to knowing nothing. Do you know of any courses that are well-recommended and would teach me about real estate investing starting from scratch? Do you think banks might like to see a certain type of course or real estate certificate when making a lending decision (I noticed that Harvard has a real estate investing certificate program, but it's expensive, and I'm not sure it would impress anyone who matters to me)? Or are courses a waste of time and you recommend I do something else (like read particular books)? + +Thanks in advance!!! +The title pretty much sums it up. I know it is said to not be done, especially with larger amounts of money. I have been asked for a loan which will potentially reshape this persons life and finances, and i was a long time ago in a similar situation - i wished someone would take a chance on me as i had learned the error of my ways. I guess i'm hoping some of you have had a good experience with helping someone and being fully repaid. I know i should consider the money gone if i lend it. + +Any and all stories welcome + +Edit: i'm asking for people with personal experience of lending in particular +Hello community, + +I hardly ever post here, but I come once in a while to read useful stuff. I was wondering today if there is anything left for me to read when it comes to investing. + +In recent years, I have read the following: + +* The Intelligent Investor - Ben Graham +* One up on Wall Street - Peter Lynch +* The Five Rules for Successful Stock Investing - Pat Dorsey +* The Four Pillars of Investing - William Bernstein +* Value Investing: From Graham to Buffett and Beyond - Bruce Greenwald +* Warrem Buffet and the Interpretation of Financial Statements - David Clark, Mary Buffet +* Quantitative Value - Tobias E. Carlisle, Wesley Gray +* The little book that builds wealth - Pat Dorsey +* The little book that beats the market - Joel Greenblatt +* The little book of value investing - Christopher Browne +* The little book of valuation - Damodaran +* The Little Book of Common Sense Investing - John Bogle + +I am currently reading ***Valuation*** from ***McKinsey***, which seems to be quite a higher level, although I am not sure I will ever implement such detailed Discounted Cash Flow models. + +I am pretty sure that there are plenty of books which could be recommended, but at this point I am not sure if they will bring anything new with respect to the books I already learnt. I have the feeling all books explain similar stuff with different words. + +I was even thinking that I could start the real one: ***Security Analysis*** from B. Graham, but I read it is quite outdated now. + +Would you happen to have a particular recommendation that covers any new topics that fall outside the classical investment books? + +Thanks in advance! +I can’t really see this situation getting better anytime soon, a lot of people like me live hand to mouth. Things like this could screw us over. Especially if we are forced to take time of work & have drastically reduced income. What do we say to loan companies? Credit unions? Gas and electric companies? Obviously the rent is the first thing you pay, but if you don’t even have enough for that you could be evicted. This is something a lot of us are worried about. I hope there will be some announcements to help ease people’s anxiety about things like this. It’s already effecting me financially and I already have to decide to either make a loan payment or buy food and other supplies I need. +So I'm not sure this is the correct sub for this but I wanted to get everyone's opinion on this. +My Mum inherited approx £1million in 2005 from her parents who both passed away that year. I knew my grandparents were wealthy but ignored it was that much money. +My Mum has limited financial knowledge and always told us that this money would be for her children when she would pass away (nothing before). +Dad works in finance as a stockbrocker so he offered my Mum to pay her 2% APR to be able to use the money to buy stocks and keep the profits to himself. + +So my question is, am I right in thinking my Dad is scamming my Mum and she has lost out on so much potential profit by going into this deal? + +Also I do not get on well with my Dad (neither do my brothers) so all the money he has made off this deal, he will keep to himself. + +What are everyone's thoughts? +(Nice to meet everyone here. This is my first post on this sub, as folks suggested me to try here for some advice) + +I will have a few years of high W2 income, mostly RSU equity comps (due to IPO). It's a good problem to have yes, but it also sucks, knowing more than half of that will be taken away (51% to be precise, given the highest tax rate for federal + CA state + medicare surtax). + +As W2 income, there seems to be very little tax mitigating strategies (at least from the CPAs I've talked to). Also the W2 income spike is not steady (i.e. not per paycheck that can be guaranteed) and will also peak next year, so I want to preserve / defer as much as possible for FIRE. + +These are what I know that could work in today's tax code: + +1. Go the real-estate professional route to offset non-passive income, and even if I do, putting down several multifamily units next year, it won't be enough depreciation to offset my 1M+ W2 income. +2. There're a few other aggressive tax strategies far less well known that I got exposed to recently, mainly those in Family Office for the wealth. Those will 100x the audit risk for sure. +3. Maybe I should just stop worrying about this, pay what i should (or make charitable, either case money that has to give away). + +I did learn the lesson of never overstaying this 'W2 slave' stage and should shift to business and capital income sooner. + +For those who've been through these, what would you recommend? Any advice appreciated. +I've seen lots of conflicting answers to the question "I want to put $ in stocks for [x] years." Most agree that buying stocks for a shorter horizon than 5 years (for house down payment, etc.) is a bad idea. Beyond that though, you see some people saying 7, 10, or 15 years is safe. + +I'm not going to say I know for sure what is optimal, but what I can do is provide some actual numbers. While past returns are no guarantee of future returns, on a large enough timescale we can at least build a decent model. I looked at the past **90 years of total returns** for the S&P 500 (including dividends), Baa corporate bonds, US T-bonds, and 3-month T-bills. + +I calculated rolling total return for various holding periods across the entire range. I then compared them to each other to see how often the stocks had a negative return, and how often they were outperformed by the various bond classes. + +[Here are the results.](https://i.imgur.com/YGHcOi1.png) + +While I wouldn't draw any **strong** conclusions from this, it certainly casts a lot of doubt on people advising that 7 or 10 years is adequate for 100% equity when you have about a 27-34% chance of losing to bonds. On the other end of the spectrum, this paints many target date funds as overly conservative, for example the [Vanguard 2045 fund](https://investor.vanguard.com/mutual-funds/profile/portfolio/vtivx) holds about 10% bonds even though they have about half that chance of beating stocks. + +I expect these numbers may be quite surprising to some people, especially since the past decade has been a generous bull market that makes equities look invincible. Anyway, if anybody has other quantitative means of looking at this, please share. Happy investing! + +Edit: Based on some comments I don't think I communicated this clearly, but it's more about how to evaluate asset allocation based on how far you are from horizon. + **TLDR: The delta neutral has been sitting at \~$185 for over a month now, while GME has been bouncing below / flirting with the line during that time. The delta neutral line represents the equilibrium of call/put contracts, and it means options buyers/sellers think the price is WRONG. As a result, hedging patterns will keep pushing the price back up to that point, until GME can get the volume to push back over the delta neutral line, and the delta neutral can return to being a floor for GME instead of a ceiling for the price. I cannot put a timeline on this, but as long as the delta neutral line holds, it is almost certain that the price will bounce back.** + +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. + +I have a slightly new look for the graph below, so I could layer on the total market delta sensitivity test at the bottom to help explain what's happening. This graph contains the following: + +* **Underlying GME Close (Blue)** +* Options Indicators + + * **Maximum gamma (red)** \- point with the highest total market gamma across all open contracts. This indicates the point where a 1% increase in the underlying price would result in the highest change in the total market delta, indicating the point where a change in price would result in the highest buying / selling of the underlying stock due to hedgers hedging. + + * As you can see, this point generally acts like a market ceiling, but fun things happen with the price surges past. + * **Delta neutral (grey)** \- point where the total market delta is zero across all open contracts. This indicates the equilibrium of the call / put options based on the current mix of options contracts. + + * As you can see, this point generally acts like a market floor. However, the price does go below it occasionally, and the underlying behaves differently when that happens. +* Total Market Delta Sensitivity Test + + * **Delta Change - 5% Increase:** Change in the total market delta with a 5% increase in the underlying price (green) + * **Delta Change - 5% Decrease:** Change in the total market delta with a 5% decrease in the underlying price (orange) + +&#x200B; + +[GME 1\/4\/2021 - 10\/22\/2021](https://preview.redd.it/x2r9kwbiskv71.png?width=909&format=png&auto=webp&s=33c86a9f40267d6f8436af7dac33cc602fa4215c) + +Here are the key points I want you to take away from this: + +* Right now, the underlying has been below the delta neutral for almost a month, but the delta neutral point has not decreased with the underlying, like it did back in June/July. **This indicates that the current options mix is NOT supporting the decrease in the underlying price.** +* So this means that call / put buyers have not changed their purchasing patterns in the last month, or have not sold off their existing contracts. +* As a result, the total market delta sensitivity test is starting to climb, so the impact of delta hedging on the underlying volume is increasing. For example, if the the options mix hasn't changed, and all those call buyers are still holding onto their contracts at $190 / $200, then as the underlying increases, hedge funds will have to start buying the underlying stock to hedge at an unusually high rate. +* The underlying dropped \~6.5% on Friday, but again, the options mix hasn't changed, and there was a significant increase in the total market delta sensitivity test. Right now, a 5% increase in the underlying price would result in a 85% increase in purchasing due to hedging! +* The sensitivity test at the bottom of the graph shows this unusually high impact of purchasing volume occurs BEFORE surges, and when the price drops below the delta neutral. This is what I mean when I say that pressure builds up when the price drops below the delta neutral. +* The gamma maximum indicates the point where a 1% increase in the underlying price would result in the highest change in the total market delta, indicating the point where a change in price would result in the highest buying / selling of the underlying stock due to hedgers hedging. +* Right now the delta neutral is sitting pretty at $185. The gamma maximum is holding at $205. SO! If we get a increase in the underlying price, then that should lead to an unusually high increase in buying pressure, which COULD translate into a price increase. If we surge past the gamma maximum (like we did back at the end of August), then this COULD translate into a gamma squeeze (like January). +* Alternatively, we could continue to bounce beneath the delta neutral. When you approach the delta neutral line, it becomes a battle of bear/bull delta/gamma. If the underlying approaches from below, then its easier for bear delta/gamma to win. Alternatively, if the underlying approaches from above, it's easier to bull delta/gamma to win. That's why the delta neutral normally acts like a floor (like it has for most of the time for GME), but if the underlying drops below the delta neutral, then that line can start acting like a ceiling. +* Point is, as long as the delta neutral holds at $185. It should be inevitable that the price will eventually bounce back over that point. + +Here are the graphs you're used to seeing if this is more to your taste, in log based-10 view so you can see the gamma neutral spikes. + +&#x200B; + +[1\/4\/2020 - 10\/22\/2021, log based 10 view](https://preview.redd.it/lf7k92eyukv71.png?width=910&format=png&auto=webp&s=b6c62650e6f681fc688af2338cc0f70812ae6200) + +&#x200B; + +Expanded graph in log based-10 view, so you can see the 2020 values. + +&#x200B; + +[GME 2\/5\/2020 - 10\/22\/2021](https://preview.redd.it/wkjkb59rukv71.png?width=910&format=png&auto=webp&s=6815ebc88997334fa39abc3092390b356954282f) + +&#x200B; + +Frequently Asked Questions or Comments: + +* Technical indicators don't work on GME because it's a conspiracy + + * That's a perfectly find opinion to have, and I respect it. My work tries to add some rhyme / reason to market movements, and my work still indicates to me that there is some method to the GME madness. +* Where can I get these indicators / analysis, or how do you make this? + + * I make these indicators for all optionable stocks using options data feeds, Matlab and Excel. I use it for my own trading purposes. As far as I know, they aren't available elsewhere. I have a methodology / assumptions section at the bottom if you want to know more. + * I'm always happy to send anyone graphs for any particular stock they're interested in. Just shoot me a message, and bug me if I don't respond in a day or two. + * Note life has been particularly crazy though, so I've fallen behind on a lot of these requests. +* GME didn't do what you said it would. Is your model wrong? + + * Always possible my model is wrong, and I'm always working to improve it. However, I will continue to emphasize that I'm only working in probabilities, and nothing is certain in the stock market. I think the scenario laid out in this post is the highest probability scenario. +* Gamma is always positive, so you can't have a gamma neutral. + + * It's true gamma factors are always positive, but when you make a total market gamma, or total portfolio gamma, you add call gamma and subtract put gamma. This is what I'm doing in my work. +* Don't be so cranky. + + * I'm working on it. + +**TLDR - 2nd note... for some reason you dumb dumbs can never find it if it's in one place. The delta neutral has been sitting at \~$185 for over a month now, while GME has been bouncing below / flirting with the line during that time. The delta neutral line represents the equilibrium of call/put contracts, and it means options buyers/sellers think the price is WRONG. As a result, hedging patterns will keep pushing the price back up to that point, until GME can get the volume to push back over the delta neutral line, and the delta neutral can return to being a floor for GME instead of a ceiling for the price. I cannot put a timeline on this, but as long as the delta neutral line holds, it is almost certain that the price will bounce back.** + +***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 - 3rd note...hopefully you have found this TLDR by now, then I feel sorry for your girlfriend. The delta neutral has been sitting at \~$185 for over a month now, while GME has been bouncing below / flirting with the line during that time. The delta neutral line represents the equilibrium of call/put contracts, and it means options buyers/sellers think the price is WRONG. As a result, hedging patterns will keep pushing the price back up to that point, until GME can get the volume to push back over the delta neutral line, and the delta neutral can return to being a floor for GME instead of a ceiling for the price. I cannot put a timeline on this, but as long as the delta neutral line holds, it is almost certain that the price will bounce back.** + Seeking Alpha was offering $40 minimum for writing paid articles on IPOF, so I wrote this up but got rejected because apparently they require articles to have "long-term fundamental analysis" which makes no f\*cking sense because it's a goddamn blank check SPAC and there literally are no fundamentals. Anyways, since they don't like their users actually making money, I thought I would share it with you fine folks instead. Please excuse the lack of rocketship emojis and whatnot. + +**The Bottom Line Up Front** + +* December covered calls on Chamath Palihapitya’s Social Capital Hedosophia Holdings Corp VI (IPOF) present an attractive opportunity for 20-50%+ annual returns with significant downside protection (you could say it literally can't go tits up) + +**Summary** + +The special purpose acquisition company (SPAC) space is hot right now, with investors effectively signing “blank checks” to renowned dealmakers in exchange for a piece of the action. Many investors are hesitant to sign a blank check for (PSTH) or other high profile SPACs, but there are other ways to play the SPAC boom that could be lucrative. Today, we’ll explore opportunities with SPAC pioneer [Chamath Palihapitya’s Social Capital Hedsophia Holdings Corp VI](http://www.socialcapitalhedosophiaholdings.com/ipof.html) (IPOF). Chamath is famous for his series of SPACs including (IPOA), (IPOB), (IPOC), (IPOD), and (IPOF). + +IPOF is an open ended “blank check” SPAC. The [website](http://www.socialcapitalhedosophiaholdings.com/ipof.html) states that “IPOF may pursue an initial business combination target in any industry or geographic location (subject to certain limitations). IPOF intends to focus its search for a target business operating in the technology industries.” In short, we don’t know what Chamath intends to acquire with this SPAC, but the market is betting on his continued success and bidding up shares to an over 50% premium over it’s $10 Net Asset Value. + +An important consideration for this trade is that IPOF’s NAV is fixed until an acquisition is made, which provides a theoretical downside limit in the event that an acquisition cannot be found. + +**The Trade** + +As of close on February 10th, the premium on December calls would allow us to buy shares at $15.51, then write covered calls up to the $15 strike and net out with a cost basis that is below the SPAC’s $10 NAV, providing significant downside protection. If/when the calls are exercised in December, we actually stand to make some decent money: + +I'm too retarded to figure out how to embed a table, so [here's a picture of my math on potential returns](https://imgur.com/gallery/aEa7ljL). + +The higher strike we sell, the higher our max return, but also the less "guaranteed" it becomes. The best part is that we get those premiums now, so if you're really bullish on our boy Chamath, you could also reinvest your extra premium into "free" shares and get theoretically unlimited upside (and downside). + +**The Risks** + +Of course we’d be foolish not to consider what could go wrong here. I see two primary downside scenarios, both of which we have some degree of protection against: + +1. **The SPAC fails to make an acquisition.** In this event, the SPAC will likely continue to trade at or above it’s NAV. Given that our cost basis is below NAV in the three scenarios outlined above, we should be relatively protected, although returns may be negatively impacted (especially for the $12.5 and $15 strike price versions of the trade). +2. **The SPAC makes an acquisition and the market reacts negatively.** If the SPAC acquires a company and the market does not believe the deal adds value or crashes, shares could fall below the $10 NAV. The theoretical loss here (as with any stock) is all of our capital, although with our low cost basis we have a bit of a cushion before we start to see losses. + +**Positions:** + +[Long 700 Shares IPOF](https://imgur.com/a/Vag0qVv) with various covered calls in place because I'm living that sophisticated Thetagang life these days. +To keep it short, reason why I'm selling is because my spouse cheated on me and now I want out of the marriage. Unfortunately we literally just bought a brand new home and are both military (which means after the divorce there will be a huge pay cut) right now the mortgage is $1600 a month house is about $300,000. By the time the divorce is done my income will be at around $3,000 a month by myself and with my BAH taken away due to being single again. Do I just sell the house and cut my losses if I have to go under a little bit just bite the bullet and pay it off slowly, or do I try and rent it out? + + +Edit: thank you everyone for your advice I think the route that I'm going to try to pursue is some roommates and if I can't get any roommates I'm going to try to rent it out also for everyone who knows what this means I just got HSST for recruiting so we'll see how that affects the whole situation +Should I stop the check? Is seems kind of skeezy. I have the money set aside in my account so there isn't a risk of it bouncing. Nothing else about the service is unusual and they're an established practice. +i'm new into investing in crypto but i'm already seeing some gains ( Still learning, bound to do some mistakes) , its just insane to me that some little gains have so much value here. + +I live in Brazil, things are REALLY rough here right now, alot of close people dying to covid, got a pay cut because of the quarantine ( Still, following it is the best course ) and the economy is getting worse everyday. + +Investing in crypto is the thing keeping me afloat, i had some gains ( 35 dollars ) from the BnB rise and it was already enough for my food supply of the month!! It felt so good to know that i can have this support. + +Thank you all that paved the way for this, and all that keep the market moving. +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 +While the hardcore Mr. Money Mustache Machine will tell me to go stuff it and point out how this community was better off before it went mainstream, I feel like far too many people following this FIRE business are missing the real point. + +You see far too many people battered and weary saying shit like, "I've tried so hard but I failed...I'll never FIRE on my salary. I give up." + +Acting as if their 1, 2 or 3 years of struggle was all for naught. + +**Losing sight of the glaring truth that their entire future was massively improved due to their efforts. Even if they can out on truly aspiring for FIRE.** + +Whether they paid down 1/2 of their student loans (or all of it), were able to get the down payment for a house together, raised capital to start a business or simply started a nest egg where there once was none....the lasting effects of even a short period of extreme saving are still there...you may not retire early but just 1-2 years of living well below your means makes a huge difference moving forward. + +**Not to mention the fact that living a short-term bare bones existence leads to a number of passive benefits:** + +- Those who live insanely frugally for a time are more likely to live at least somewhat frugally moving forward by habit or default. +- Going without for a while means that you really learn what things are/aren't important to you. +- When you start to spend money again you TRULY appreciate things that you took for granted for years. + +Personally, I am attracted to this community not because I dream of FIRE but because I love the concept of using frugality and living below your means as a tool for purchasing freedom. + +I prefer to purchase mine a little at a time, taking extended time off every year (mostly to travel) and putting myself in a position to be able to choose to earn less if I want to - but I really don't care if I have to work more or less until I die. + +But we lived a very similar to FIRE mentality for about 5 years to save up for our dream business and to get it off the ground...and despite the fact that it's now been nearly 5 more years since we stopped actively tracking spending/savings and all that stuff, we spend a fraction of what we used to back in the day simply because living insanely below our means for so long illuminated where money was being wasted and where money spent was worth every fucking penny. + +So if you're down on yourself for having thrown in the towel following a period of yearning for FIRE....don't be. + +You likely changed the trajectory of your life forever without truly appreciating it. +Hey autists, + +Listen up. currently there are 1.6 million of us, and there are roughly 41.5 million shares in the available float for gamestop. + +[for all you smooth brains float means shares available to trade ](https://preview.redd.it/20ia1otgjd261.png?width=822&format=png&auto=webp&s=e88684e14577d963620631c5f9e8201a7bc28b57) + +&#x200B; + +by doing some simple math (41.5mil divided by 1.6 mil=25), we can see that if every one of us bought **only 25 shares** of gamestop, we would own **THE ENTIRETY OF THE FLOAT** + +&#x200B; + +edit: disclaimer for mods and sec retards: this is only showing a calculation and discussing a scenario, not encouraging any behavior! + +&#x200B; + +**TLDR: if everybody on wsb bought 25 shares of gamestop we would literally buy every share available, meaning gamestop would be ours.** +Hey apes, I’ve been digging my nose around some SEC / CFTC filings trying to see what I can possibly uncover. I ended up on swaps and thought I would share the data I found. Not sure what exactly to do with it but thought I would throw my progression out there for wrinklier apes in the case it might be useful. + +I started off reading a recent SEC proposed rule filing S7-14-22: https://www.sec.gov/rules/proposed/2022/34-94615.pdf + +“*Rules Relating to Security-Based Swap Execution and Registration and Regulation of Security-Based Swap Execution Facilities*” + +This is a FIVE HUNDRED TWENTY FOUR PAGE document with proposals of amending the Securities Exchange Act with rule-changes regarding the exemption of registration and the rules and regulations of Security-Based Swap Execution Facilities (“SBSEFs”) in addition to exchanges that trade Security Based Swaps (“SBS”). Might need some wrinkles on this because this is a LOT to unpack. + +“*The Commission also is proposing a new rule that, while affirming that an SBSEF would be a broker under the SEA, would exempt a registered +SBSEF from certain broker requirements.*” + +It might be important to note that the the SEC is also requesting comments on this filing. + +*Comments may be submitted by any of the following methods: + +Electronic comments: +• Use the Commission’s internet comment form (http://www.sec.gov/rules/submitcomments.htm); or +• Send an email to rule-comments@sec.gov. Please include File No. S7-14-22 on the subject line. + +Paper comments: +• Send paper comments to Secretary, Securities and Exchange Commission, 100 F Street +NE, Washington, DC 20549-1090. + +All submissions should refer to File Number S7-14-22. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method of submission. The Commission will post all comments on the Commission’s internet website.* + +Anyways, the filing goes on to give background on proposed rules that are being removed from the SEC, and rules that were not approved via the CFTC involving swap regulations. Of course the big boys thought the rules were too broad in scope. + +From page 12: + +*In 2018, the CFTC proposed to make fundamental changes to the SEF (Swap Execution Facilities) regulatory structure. However, according to the CFTC, “several commenters expressed concern over the magnitude of changes” in the proposal. In 2021, the CFTC ultimately declined to finalize the 2018 SEF Proposal and elected instead “to improve the SEF framework through targeted rulemakings that address distinct issues.” Accordingly, the CFTC withdrew the unadopted portions of its 2018 proposal. Currently, the CFTC has no proposals outstanding to further amend its SEF rules.* + +Something in the next page stuck out to me though: + +*Because of the close relationship between the swap and SBS markets, an analysis of swap trading on CFTC-registered SEFs offers insights into the potential development of SBS trading on SEC-registered SBSEFs. Currently, there are 20 non-dormant entities registered with the CFTC as SEFs.* + +I thought, what SEFs ARE registered with the CFTC? Per footnote 17 on pg 13: https://sirt.cftc.gov/SIRT/SIRT.aspx?Topic=SwapExecutionFacilities + +In this link is a list of entities registered as SEFs. A lot of names and information to look through. I welcome some extra apes and eyes on this. + +I was curious, what SEF does Citadel use? + +https://www.businesswire.com/news/home/20130116005774/en/Citadel-Selects-Bloomberg-for-Derivatives-Trading-and-Access-to-Clearing + +https://www.citadelsecurities.com/products/ficc/ + +*Credit Indices +Citadel Securities launched CDX market-making on Bloomberg SEF in April 2016, building on our success in the interest rate derivatives market. Now a consistent top-liquidity provider on Bloomberg SEF, the primary buy-side CDX trading platform, Citadel Securities last year broadened its CDX market-making to Tradeweb SEF.* + +What exactly is a CDX you may ask? + +https://www.investopedia.com/terms/d/dowjonescdx.asp + +*The credit default swap index (CDX), formerly the Dow Jones CDX, is a benchmark financial instrument made up of credit default swaps (CDS) that have been issued by North American or emerging market companies. The CDX was the first CDS index, which was created in the early 2000s and was based on a basket of single issuer CDSs.* + +Ahhh yes, this rings a bell. So let’s see what Bloomberg, Citadel’s favorite SEF, has under the hood. Probably a bunch of shit, wrapped in more shit. + +https://data.bloombergsef.com/ + +A lot of data here for wrinklier apes to parse. What stood out to me is under the Credit section. There is a list of what I am assuming are bundles of Credit Default Swaps. The magnitude of money going through these is incredible. For instance: + +**CDX HY CDSI S38 5Y PRC** - This instrument had volume (USD) of $8.5 BILLION DOLLARS in a single DAY. Amongst others. What am I looking at here? + +Is someone hedging for a crash? Seems like this is 2008 all over again. Again, I would really appreciate some wrinkles on this to help me process this data. Let me know what you think. + +EDIT: I also wanted to add this is my first DD outside of my personal knowledge of transfer agents I shared a while back. Not sure if this classifies as due diligence or only possible due diligence. Let me know if there is anything I can fix formatting wise or any suggestions at all. + +EDIT 2: In the link above: https://www.citadelsecurities.com/products/ficc/ it also states: *Citadel Securities last year broadened its CDX market-making to Tradeweb SEF.* Looks like data on these SEFs is commonly available on a daily basis. + +Tradeweb's is here: https://www.tradeweb.com/our-markets/market-regulation/sef/ + +TW SEF CDS (Credit Default Swap) EOD Data: https://reports.tradeweb.com/public-assets/sef/3/ + +EDIT 3: More information on the naming of these instruments: + +*The major tradable benchmark indices in the credit derivatives space include CDX, ABX, CMBX, and LCDX. The CDX indices are broken out between investment grade (IG), high yield (HY), high volatility (HVOL), and emerging market (EM).1 For example, the CDX.NA.HY is an index based on a basket of North American (NA) single-name high-yield credit default swaps.* + +Source: https://www.investopedia.com/articles/optioninvestor/07/credit-der-index.asp + +CDX = Credit Default Index +HY = High Yield +CDSI = Credit Default Swap Index +5Y = I assume 5-Year Term + +More info on HY CDX: https://www.markit.com/Company/Files/DownloadFiles?CMSID=1ec08990b6814532ad075e242b34160d + +I searched ‘PRC credit default’ and came across this: https://www.hoganlovells.com/en/publications/launch-of-cds-in-the-prc-a-seismic-shift + +https://www.fitchratings.com/research/corporate-finance/china-corporate-bond-default-rate-set-to-rise-in-2022-27-01-2022 + +**Could instrument S38 PRC potentially be Corporate Bond Credit Default Swaps for the (P)eople’s (R)epublic of (C)hina?** + +**Is the instrument I mentioned and others listed a MEGALITHIC BET against the collapse of Chinese corporate bonds (Evergrande???)** + +What else is going on here? + + + +https://preview.redd.it/moub1c430zf91.png?width=1170&format=png&auto=webp&s=2f6c5171f29256460a6770c60927883a40c217ea + +LINK: [https://news.gamestop.com/stock-split](https://news.gamestop.com/stock-split) + +TEXT: + +On July 6, 2022, GameStop announced a 4-for-1 stock split in the form of a stock dividend, effective as of July 21, 2022, for stockholders of record on July 18, 2022. Tax information related to this stock split can be found [here](https://news.gamestop.com/static-files/1764b8e4-0e1d-41a6-b502-8c5ab7604dc8). + +**GameStop Guidance for International Stockholders with Split-Related Questions**    + +*GameStop has notified its transfer agent and the Depository Trust Company (“DTC”) that some of our valued stockholders in international geographies are still trying to determine if they have received the proper stock dividend associated with the Company’s recent 4-for-1 stock split. Please note GameStop has already distributed the shares of common stock required for the stock dividend to its transfer agent, which has confirmed it subsequently distributed the appropriate number of shares of common stock to DTC for allocation to brokerage firms and other participants. We recommend that stockholders using a brokerage firm contact that firm with needs or questions. Stockholders may want to make their brokerage firm aware if they recently moved shares to the Company’s direct registered list, as we have been informed this move could impact a firm’s distribution of shares.*   + +*As always, we appreciate your investment and enthusiasm. Although we are not able to engage with individual brokerage firms, we are monitoring this situation and will keep you informed of any relevant updates we obtain through our transfer agent or DTC.* +# Free education for all Ape Nation! 🦍🤝💪 + +&#x200B; + +https://preview.redd.it/1p4btnw142571.jpg?width=600&format=pjpg&auto=webp&s=c7fd2a7cbc2894176a1b768ae39ff5c89e978111 + +&#x200B; + +New to Superstonk? Been here a while, but have a question, and at this point you're too afraid to ask? Well bring it here! + +&#x200B; + +&#x200B; + +https://preview.redd.it/6br4csoy32571.png?width=786&format=png&auto=webp&s=48570348631daee7ea999e1c924ce5e671943b26 + +&#x200B; + +Ook Ook!! +My wife and I just bought our first investment property a few months back and had to delay getting it on the market while we made some updates to it, got it cleaned up and in rentable shape. This all took longer than expected, so we got the ads up in late September. I mistakenly thought we'd get quality applicants throwing themselves at us left and right, but I saw the few apartments around us get taken off the market while we were only getting a slow trickle of risky candidates. I dropped our prices $50 per unit out of panic a couple weeks later and that did nothing to get more interest. The next week I added another advertising channel, got a ton of interest from people that didn't meet our criteria. I contemplated lowering our standards but feared getting sub-optimal tenants in our first listing. I held firm, didn't make any changes and am happy to say that today we've got one tenant moving in and another moving in mid-November. + +Don't let your mind race for contingencies to problems that don't exist. Had I kept spiraling and cutting costs or lowering standards, who knows how bad my renting situation would have gotten. I know I don't want to find out. Use your brain for what it is good for. Do your research, make a plan when the pressure is off, base it in facts and reality, then stick to it. +EDIT: AFTER YOU FIND IT ON GOOGLE, CLICK THROUGH THE NFT SITE A FEW DIFFERENT WAYS OR ELSE GOOGLE WILL THINK YOU DIDN'T WANT TO BE THERE. Protip courtesy of u/the_wetpanda + +This is a quick follow up to u/-einfachman- 's awesome post today which included this foolish picture: [:(](https://preview.redd.it/61293oh79cc91.png?width=983&format=png&auto=webp&s=b75d3254376e4f5bd0625282dfb9f9e0bec4f397) + +There's been a lot of NFT hype lately, and improving GameStop's SEO (Search Engine Optimization) is one way Apes can have a material impact on GME's business for no $ cost to us. It also helps recruit new customers ^and ^maybe ^apes + +Onward! +I’m currently in my late 20s making about $410k/yr and a current net worth of about $250k (it was closer to $350k before the market tanked this year). I’m on track to saving about $250k-$275k per year. (If I end up marrying my girlfriend in the next few years, household income will rise to about $600k+/yr not counting any income growth on my end) + +My goal is to coast professionally when my net worth reaches about $1M-$2M in my early 30s and then fire when I’m somewhere around the $3M-$5M mark (I’m on the fence if I want to climb to $10m or not) + +Currently almost half of my net worth is in my 401k which would be pretty inaccessible if I were to retire in my mid-late 30s. Question is: Should I continue to max out my 401k each year solely for the tax benefit so should I focus more on building up my brokerage account more by only contributing the minimum to my 401k to get the employer match? +aka is it worth holding out on purchasing anything for the time being? + +Also how brutal do you expect the recession to be? + +(I realise the irony that this sort of fear mongering and speculation is self fulfilling too) +https://reut.rs/2VyzIXX + +It's classic personal finance advice to say buy a reliable used car over a new one if you want to make a wise investment. New cars plummet in value as soon as you pull off the lot. + +Is it still holding true? I've been saving to buy a used car in cash, but I've definitely noticed that prices are much higher than in the past. If you factor in the risks of paying serious costs if your used car breaks down, at what point is buying new the smart investment? +My future tenant wants an appliance updated and is willing to pay half. + +The appliance is old but still works. + +I told him we can upgrade and he can pay his half as an increase in the rent over the course of the lease. + +Thoughts? +My wife and I about to inherit $250k from the death of a family member. We both have high paying 6 figure +++ jobs and are currently house hacking a 3 family that has doubled in value over the past 4 years via market appreciation and major gut remodel renovations to all 3 units + mechanicals. The house needs nothing and is currently paying our mortgage + taxes + utilities 100%. My wife has $50k in student loans, I have none. We both have under 10k in credit card debt. I have 2 nice vehicles that I currently have loans on. + +My question is - is it a dumb idea to attempt to purchase 2 properties with this inheritance? I would like another multifamily property (If I can find one) \~$400-$500k in this area, and she would like a beach front townhouse in Costa Rica (\~$350k brand new) that we can use for Airbnb 80% of the time and live in the rest of it. The new multifamily in our area would be our primary residence since she would need to visit her workplace once every couple weeks or so. Does this sound like a dumb idea? I'm thinking $\`100k down on the brand new townhouse and $100k down on the multifamily, leaving $50k for some improvements since it's unlikely we can find a brand new multi, or even one in perfect condition. I'm also not apposed to one that needs a bit of work since that is what we did with our currently multi. + +Does this make sense? I'm looking for advice on how a seasoned investor would go about this? I should also add that we have spent a lot of time in Costa Rica and have close friends that live there. So it's not like I picked a random beach I saw in a magazine and suggested we buy a place there. +*Disclaimer: I am not a financial advisor. This entire post represents my personal views and opinions, and should not be taken as financial advice (or advice of any kind whatsoever). I encourage you to do your own research, take anything I write with a grain of salt, and hold me accountable for any mistakes you may catch. Also, full disclosure, I hold a net long position in GME, but my cost basis is very low (average \~$45/share with my later buys averaged in), and I'm using money I can absolutely lose. My capital at risk and tolerance for risk generally is likely substantially different than yours.* + +First, thank you everyone for the comments and questions on [my first post on this topic](https://www.reddit.com/r/investing/comments/l5l413/gamestop_big_picture_the_short_singularity/). Given the traffic and sheer volume of questions, I figured writing another post would be better (and actually something I can manage). + +I wanted to focus this post on a few common themes I saw in the comments to the first post, as well as questions people were asking me directly, and related themes I saw on other posts and subs that I believe would be informative for this sub. + +First, a simplified recap of the 1/27/2021 trading day as I saw it. The following is my interpretation of events, and may include personal opinions, assumptions, and outright errors. Apologies for the length, but I hope this helps some of the newer traders thinking about jumping into the water with these sharks. I honestly don't think that you should, but you make your own decisions. I'll just try to help provide some information to help if I can. + +# Euro Market Hours: Retail Euphoria & The Setup + +After-hours and Euro market activity rockets the stock in an essentially unbroken streak from \~$146 to $365. GME long social media is going ballistic. + +Volume is too low. There is no sell-side pushback. Allowing consolidation at these prices would be a major setback for the short-side, yet they are doing nothing on volume they could easily push back. + +I smell a rat. This is too easy. + +# 5am Eastern: Fear, Uncertainty, Doubt (FUD) + +If you ask most retail market participants about how quants with their algorithms, hedge funds with their trading strategies, sophisticated experienced traders, etc., conduct their operations, you will probably get responses about sophisticated programs and high frequency trading, fundamental analysis, risk hedging strategies, lots of math, etc. That is largely true, but it is critically incomplete. The most successful hedge fund managers also deeply understand that beneath the surface, the primal forces driving markets are fear and greed, and they know how to best leverage information asymmetry to play other investors--and especially retail investors--like fiddles. + +As retail sentiment reaches fever pitch, Andrew Ross Sorkin gets a call from Melvin Capital just before the start of CNBC's Squawk Box, by far the most-watched pre-US market show and files a [breaking news alert](https://www.youtube.com/watch?v=1HYBo5teFTU) at the start of the show. + +(Paraphrasing) Melvin Capital is out. They didn't go bankrupt but they came close and took a huge loss. Congratulations WSB, you've won and you've burned the house down, and now that the shorts are out this whole thing is going to crash and burn all the retail investors you dragged along with you. + +"[Who's going to be left holding the bag](https://youtu.be/1HYBo5teFTU?t=146)?... uh, the thing that concerns me most, at this point, is whether **some of these investors will actually start to get out today**\--they'll look at this and say 'we won the game'--if that's winning, uhh unclear, you know, where the finish line is, uh in that regard, but uh, as much pain as they may have uh, created for Melvin Capital for example, umm, **my-my great anxiety at this point is the number of-of retail investors that have been jumping into this uhh.. in literally the last 24 hours who very well may get hurt, uh, far more, and lose far more than some of the hedge funds that were involved, uh in this**. Um, let's just show you where we are now..." + +"**Where are the regulators**.. and is this just the beginning?" + +Meanwhile, as if it had been choreographed and rehearsed, the Squawk Box team are outraged--absolutely outraged at what is going on, while a big graphic of GME price crashing off a cliff dominates 2/3 of the screen and social media is flooded with messages and posts skillfully crafted to stoke the fear. + +In WSB, other subs, and other social media sites, dozens of bots start posting bogus messages purporting to mock the retail investors with messages like "Thanks for the free gainz retards!". + +The fear is almost palpable coming through my monitor. People start trying to sell, then start asking why their market sell orders won't go through while they're watching a practically vertical dive on the GME chart next to Joe Kernan as he says "If you think there's speculation in crypto \[...\] and-and-**now they're looking for the next mark, right**? They'll-they'll find another Gamestop, once they're done with Gamestop, but **in the meantime, there's gonna be BLOOD**". + +Congratulations Squawk Box--you beautifully played your part in engineering peak, nigh-hysterical fear among the less experienced retail investors, and basically shouted "FIRE!!!" in the market equivalent of a locked theater. I truly believe your feelings were sincere, and you truly do have concern for the retailers who have been and will be hurt in all of the volatility, but that made your actions all the more effective in driving many try to lock in losses. C'mon, you can do better--I've seen you do good work and am thankful for what you did getting good info out during the peak of the pandemic--please do some investigation before spreading only one side of the narrative handed to you by financially conflicted parties. You have analysts doing your background research--any of them could tell you the short interest in GME would take more than an entire trading day to unwind even if the buy-side of every single transaction that day was to close a short position and no new short positions were initiated. Also, any of them could tell you that it's unlikely Melvin Capital held 100% of all short interest in GME. Melvin leaving is not equal to all shorts being covered--and you didn't even get confirmation that Melvin actually covered! Get them to say it themselves on air rather than carrying their water and letting them ride on your reputation and providing cover from an SEC stock manipulation investigation. + +Most retail brokerages don't open pre-market trading until around 7am. All those people could do was watch their positions bleed as GME plummeted over the remainder of the next 2 hours, hitting the floor of $182, nearly 50% down from the peak about 3 minutes before retail brokerages open pre-market trading. + +Wow. I have to hand it to the short-side hedge funds. Some of your traders must have studied drama for their undergrad or something--that is almost perfect timing. + +Almost, but not quite. + +# Pre-Market Tears... of Joy and Relief + +The engineered crash was probably intended to run right through the open of retail pre-market, with the idea of getting panicking retail to sell into the low liquidity environment for more violent downward price moves without the benefit of Limit Up/Limit Down halts, causing a stampede for the exits. Man, how many hours did you guys spend thinking this strategy up? I'm honestly impressed. + +Two minutes prior to pre-market open, however, some deep conviction, deep pocket players, understanding the market mechanics and fundamentals behind the recent wild ride in GME started raking in the shares at discount prices they probably never thought they'd ever see again during this campaign. I'm sure tears of joy were shed, as they realized floor-to-close of regular trading gains of nearly 100%. Whoever you are, well played. + +I would note here that those people could easily have waited for the engineered crash to drain the blood of the fearful retailers who would have punched out, which would have allowed them to lock in greater share volumes at even lower prices, but they stopped the crash early instead. I don't know if that was their intention, but a lot of retail people were probably saved because of that. + +With the almost literally last-minute reversal, price rode green candles upward through the retail pre-market open, and many who would have despaired and punched out to lock in losses instead white-knuckled through the chop and held, with very bullish action through to the market open. Those who survived the day--good on you, I know it couldn't have been easy. + +# Chamath + +Let's let the man [speak for himself](https://www.youtube.com/watch?v=1iYh_mc26SU) (and speak up for retail). Well worth spending 30 minutes to watch if you have the time. I have to give Scott Wapner credit--he asks tough questions and he repeatedly brings on guests that he know will go toe-to-toe with him with the gloves off to ensure that there is a good, vigorous debate representing diverse viewpoints. Be on the right side of history big boy, lol. + +Skirmishing continues at lower volume than the last 2 trading days. Bullish patterns everywhere--buying up on high volume, straggling down on low volumes. Liquidity is running out. Short-side is rationing, saving ammo for the end-of-day push. + +# Shenanigans, End of Day, More Shenanigans + +At various points throughout the day, levers are pulled to flush retail positions out by margin calling profitable accounts across many of the retail brokerage firms, changing margin requirements with no notice. + +Short-side attacks coincide with ominous warnings on news media about potential regulator action, short-side touts spreading FUD across mainstream media. + +Short-side's rationed insufficient shares to make meaningful progress on the last tick of regular trading. This is key, as prime brokers of highly levered players pay a lot of attention to the status of accounts at the end of regular trading each day. + +After hours it looks like more retail traders are dumped out of their profitable portfolios due to margin change requirements--right into the abyss of super-low after-hours volume. Had their brokers at least liquidated their accounts toward the end of the main trading day into meaningful trading volume they would have gotten much better returns. Dumping them into no volume means the last few accounts took massive losses vs mark to end of trading day market price. Thank, you brokerages, for protecting those people from themselves. Hopefully they took lower profits vs being dumped into the red. + +Some people see the diving ticker and panic again. + +One thing that was particularly irritating to me is that people were all over CNBC multiple times a day, making outrageous claims of how retail traders were slamming risk into the market via leveraged trades even as the retail brokers changed their policies in realtime to disallow use of any margin in accounts holding GME, and dumped those retail traders out of their positions. I knew what kind of volatility to expect, so I had maintained a net cash position in my account ever since buying, just in case something like this happened--thank goodness. + +# Technical Analysis for the Day + +I wish this sub would allow charts, but I'll describe instead. + +On the daily chart, RSI has been in an ascending channel since April '20(!), and rocketed to 98+(!!!) at the end of the trading day. Price is dislocating wildly higher every day for the past 4 days into descending volume. + +My read of the chart is that it shows massive buy-side dominance into worsening sell-side weakness and lower liquidity. I read this as mind-meltingly, parabolically bullish, and something that would not be possible if not for the distortion of the supercritical mass of short interest, and I guess this is what a short squeeze looks like when you have access to all the data retail fintech can provide. The technicals tell me to expect massive volatility, but also that this is possibly the most asymmetrical risk environment imaginable. + +I feel bad for the retail shorts that I know were out there. I saw a few posts about people taking short positions because Andrew Left got on TV and told them GME is going bankrupt, it's going back to $20, and he's an expert unlike you reddit amateurs, and by the way about 30 other experts followed and backed him up over the past few days. For this reason I'm glad that many of the retail brokerage firms have disallowed shorting GME and other volatile names. I hope they got out before their accounts got obliterated. + +# Lessons Learned + +I wondered what kind of things you might see when billions of dollars were on the line, and I have to say that the short-side guys know how to go all-in and pull surprise after surprise out of the hat. They are good at manipulating people, letting them build up euphoric feelings only to slam them in the face with nonstop fear. They do it in media, and they do it in sudden price-crushing rushes, slamming the ticker down to try to get weak hands to fold. As I stated earlier, I am trading deep in the money, on capital I can afford to lose, and even I can't avoid feeling it. I honestly don't know how some of you trading on borrowed money meant for next month's rent can handle it. + +The short-side players are running out of ammo, but they don't just go toe-to-toe in the market--they'll blanket media and even flood your discord server, message board, and social media with well-coordinated bot attacks. You will face those moments of stark terror--they are good getting people to feel fear. If you're thinking of getting into this trade--please understand that before deciding whether to jump in. You might not think that a stock that's been going basically vertical could leave long-side casualties on the field, but believe it--fear and volatility can get you to zero your account (or worse!) in any environment. + +# FAQs from the First Post (comments and messages) + +(answers are my opinions only--do not take as financial advice. I've consolidated common themes.) + +* **I'm afraid I'm missing out on a unique opportunity to make returns that could change my life trajectory in a positive way. Should I buy in at this point?** + +First, each person decides on their own what trades they choose to make. However, I will say this: Fear is giving you this anxiety. Maximum FOMO is when you see green candles going up until the fear makes you punch the buy order in. Maximum despair and fear of life-altering losses hits peak during deep downward price movements, making you punch out to avoid losing your entire position. Fear makes you buy high and sell low. HFT houses are full of algorithms designed to exploit fear through the price movement, and find gaps in your risk mitigation strategy (e.g. stop-loss hunting algorithms, etc.). If fear is driving you to trade, I urge you not to swim in low-liquidity waters with sharks who specifically make their money exploiting fear. + +* **I am a regular investor holding broad ETFs or mutual funds for my retirement. I do not actively trade, but I am concerned that what's happening here might impact the broader market, and maybe even my retirement account. Have you thought of that while you're having all this fun? What about systemic risk?** + +You may be surprised to hear that I, and likely many others have thought quite a lot about these things. In fact, I hold about 75% of my capital in the same type of boring IRA and 401(k) accounts you're talking about, and I maybe rebalance them a few times a year and don't even check the balances regularly otherwise. + +As for what kinds of impacts there may be--in all honestly, no one knows. Specifically, no one knows because no one knows exactly what the levered hedge funds involved hold, how they trade, etc. The massive short interest in GME is basically a deliberately engineered market distortion that is now blowing off, and distortions blowing off are always scary, and can spell financial damage or disaster for the unprepared. + +That, however, is part of the market. To paraphrase Dr. King and Keynes, the arc of the market may be long (and longer than you can remain solvent), but it bends toward efficiency, given the right conditions. The US stock market is pretty good in this respect. + +Now I won't deny that these hedge funds are run by smart people, but they occasionally get either arrogant or too clever for their own good and get caught. In GME they essentially voluntarily engineered themselves into a short squeeze entirely on their own while no one was even looking. In fact, the only way the trade works is if no one ever finds out and GME quietly goes bankrupt. In the meantime, a legitimate fundamentals-based turnaround story came to light and just lit the fuse. They’re crying now about being cornered, but they walked into that corner themselves, then dug themselves in so deep that the only way out was GME bankruptcy, and sat there for a year just assuming GameStop would go bankrupt while no one was paying attention and they’d take their free money and walk. If this doesn't make sense, and you have a free 20 minutes and tolerance for mild profanity, I suggest you watch this video: [https://www.youtube.com/watch?v=4EUbJcGoYQ4](https://www.youtube.com/watch?v=4EUbJcGoYQ4) + +Anyway, That being said, market "corrections" are aptly named, even if painful, because they are, in essence, corrections of various distortions in the market. The longer they go uncorrected, the harder, faster, and more drastic the move when it does happen--with usually worse consequences (see the 2008 financial crisis, which was a distortion 10+ years in the making before blowing off). + +* **It looks like maximum gains on this trade would have started if you bought in at $4. Should I be looking for names at <$4 to find another opportunity like this? I heard some people made a lot of money on Hertz. Is this like Hertz?** + +I have no idea. I wasn’t looking at Hertz at the time. Obviously it's different in that GME is not going bankrupt despite what some people on the news might say (honestly, I don't understand their apparent conviction on this given most of them profess to not even know any details about Gamestop). + +The sense I get is that some people realized that many stocks had their prices artificially suppressed by the pure panic in the market at the time, and were likely to bounce back. Stocks crushed down to penny stock land could easily bounce back multiple hundreds of percent just by moving back up by $1, and if you had a good reason to think they'd survive, that's a pretty good deep value trade. + +Some people seemed to jump on that bandwagon with the mistaken idea that you should basically just scan all stocks for things <$5 today that used to be >$20 or whatever and assume the 90+% drop will result in a bounce off the floor, even if it’s a “dead cat” bounce on the way to $0. DO NOT TRY TO TRADE THIS. + +The theory is that a $100 stock that drops to $10 on its way to bankruptcy could bounce back to $15 first—a return of 50% if you time the floor and the bounce perfectly. In practice almost everyone who tries this loses all their money much sooner rather than later. + +By the same token, people who “know” a company is heading to bankruptcy get their accounts wiped out when they short something on margin right as it hits a floor on the way down, get margin called on the bounce, and subsequently join the company in insolvency as they end up owing their broker more than they put in. Being right in the end is cold comfort at that point. + +* **Could Gamestop just issue shares to bail out the short sellers?** + +I guess it could, speaking entirely theoretically. That being said, consider the following: + +They’ve already filed to issue $100mio worth of shares, or 500k shares using $200/share as a price assumption. I don’t know if they’ve begun to execute on that. + +That was just to give them the runway required to take bankruptcy completely off the table. + +As you note, at these prices, using stock to finance a turnaround is absolutely feasible. + +There are, however, a few things to consider: + +1. They have a fiduciary responsibility to their shareholders. They need to be able to justify how issuing even more shares is ultimately beneficial for the company and shareholders. “Because our stock price is high right now” is not typically a compelling reason, though maybe these circumstances are an exception to that rule given the extremity of the price. +2. While a healthy balance sheet would be an improvement, debt is usually cheaper than equity when it comes to financing a company’s activities. If they can secure solvency with the $100mio stock issue already authorized, and leverage the healthier balance sheet and insanely improved market cap to instead borrow what they need to restructure, especially in this ultra low interest rate environment, that would be better for the company and shareholders. +3. They can’t just make a snap judgment to do so. It takes time, board approvals, regulatory paperwork that is public, etc. There is a lot of work and potential risk in this process—particularly for this company. +4. Even if they did this, the incredible total volume of short interest being squeezed means that in practice it would be hard for the share issue to change the trajectory of the stock. The main effect might be to terrify some retail longs into bailing out of their position depending on how the news is presented to them. + +* **\_\_\_\_\_\_\_ securities pricing theory/model means short interest has no impact on a security's price, short positions can be held infinitely so there really is no obligation to cover, so the thesis behind the short squeeze trade is invalid, etc. Mathematically long and short positions are the same thing.** + +That may be true in some ideal theory assuming you are trading in some kind of mathematically ideal market using very specific assumptions, but you’re trading in a real market that includes things like counterparty risk, regulatory and contractual limits on ability to borrow (at least in theory--Hello SEC, threshold securities list??), interest cost, etc. that make trading in an real market different. I'll build on Box by saying all models are wrong, but some are useful--*within the bounds of certain assumptions.* The situation playing out now tells you that the short interest of GME is wildly outside the bounds of whatever models the hedge fund people are using to model position risk. + +You can, in theory, infinitely roll your debt forward if you can continue to find willing lenders and are ok paying interest forever. Maybe this works out to be mathematically preferable to a squeeze to infinity. + +But, step away from pure theory for a moment. We don't even have to look at empirical evidence in real markets. All we need to do is build a stochastic model of an equity market sophisticated enough to model margin limits and dynamic account balances tied to securities being traded as they are in real markets and you’ll see the probability of continuing to carry a short position converges to 0 over time. The only question is which happens first: you cover proactively, the underlying company goes bankrupt (and you cover for $0 less interest paid to borrow the stock), or you’re margin called and forced to cover with potentially unlimited downside. Take bankruptcy off the table as we have in the case of GME and you have one of two choices--get out or eventually get squeezed out. There is no such thing as infinite ability to roll borrowing forward in real markets, and if your risk models assume that I feel sorry for you. + +* **Is this illegal? Will the SEC step in somehow?** + +I am not a lawyer. I do not give legal advice. And, honestly, I have no idea. I can't think of any securities regulation that at least I may have violated, but I also don't have the ability to lobby the SEC on international news. + +* **So what will happen next?** + +I don't know, and most likely anyone who tells you they know is kidding themselves. All I see is a good fundamentals-based position I bought into at a reasonable but bullish valuation followed by the most bullish chart I've ever seen from a TA perspective. I have theories, but there are doubtless other people better qualified to opine on that. + +All I can say is if you're in the trade, strap in and prepare for a wild ride. If you're watching from the sidelines get out the popcorn. The rate at which liquidity is disappearing means whatever is going to happen will happen soon (assuming the SEC doesn't step in with an extended pause in trading to bail out the hedge funds). + +Thank you for reading, and good luck with your trades. + +**\*Update from Original Draft, 1/28 Pre-Market\*** + +We're seeing tons of retail brokerages limit trading on GME to only allow selling, even when current positions and intended trades would be cash only? + +Wow, I mean it kind of occurred to me in some sort of theoretical, abstract sense that somehow limiting large swathes of retail to sell-only was actually better than a general 2-way trading suspension, but who knew the short-side people could actually get retail brokers to do something so bonkers?? I guess you really do find a way to try basically anything when you're about to lose that much money. + +\*edits to fix formatting issues\* +In researching some as we grow into FAT, I wanted to get some feedback from those here who have used private villa rentals after graduating from High End Resorts. I am used to the upper end of mainstream resorts, (Ritz, St Regis, Four Seasons etc), not quite Aman, but they seem limited where we travel and and more specific to a travelers taste it seems. + +That being said, I was hoping to get some feedback from the group on transitioning from the large resort traveling to a more VRBO style in a private home with chefs, housekeeping, transportation type stuff included. Ultimately we don’t have kids so we would look to enjoy these things with friends that we can turn a private home into our own place to relax. Some places seem to be on par per bedroom with top end resorts (4000-5000/night) for 4-5 bedrooms. They include breakfast and lunch from private chefs, housekeeping, bartender etc. To me it’s not yet worth it for just my wife and I, and it would seem lonely with just us. But as we grow our friends maybe we all take a trip together. + +Can the group here comment on experiences traveling with friends to these types of places? Do you all just chip in for a 1/2, 1/3 or 1/4 depending on number of people? It seems a no brainer if there are 4 of us going (4 couples) to just grab a high end beachfront home vs resort and have added amenities like bartender and chef. + +Convince me one way or another why this is good or bad. +# OP [u/justchillengrillin](https://www.reddit.com/user/justchillengrillin/) of was right- here's that post: + +* *"Ferro simply says he doesn’t share the sentiment that retail is causing teachers to lose their pensions, now he is conveniently “off for the week”. Fuck the media."* +* [https://www.reddit.com/r/Superstonk/comments/uwpmpt/ferro\_simply\_says\_he\_doesnt\_share\_the\_sentiment/](https://www.reddit.com/r/Superstonk/comments/uwpmpt/ferro_simply_says_he_doesnt_share_the_sentiment/) + +# = = = = = = = = = + +# Here's OP u/GSD_SW20's post that started it all: + +* *"Ferro sticking up for retail traders, TK shuts it down because they "both want to work monday"."* +* [https://www.reddit.com/r/Superstonk/comments/uttxlb/ferro\_sticking\_up\_for\_retail\_traders\_tk\_shuts\_it/](https://www.reddit.com/r/Superstonk/comments/uttxlb/ferro_sticking_up_for_retail_traders_tk_shuts_it/) + +# = = = = = = = = = + +# Here's Jonathan Ferro 4 days ago: + +* Ferro remarks live on Bloomberg that what Kenneth C. Griffin said re: Reddit traders (Ken said they were somehow responsible for Melvin's disgusting mismanagement of teacher's pensions) did not resonate with him: + +https://reddit.com/link/ux39cn/video/0mefwbx81i191/player + +# = = = = = = = = = + +# The following are the 3 conclusive video clips that Bloomberg removed from today's Bloomberg Surveillance: Davos, Day 2 broadcast: + +&#x200B; + +# Clip #1 @ 6:01 AM: + +https://reddit.com/link/ux39cn/video/gz7xvp1l2i191/player + +&#x200B; + +# Clip #2 @ 6:31 AM: + +https://reddit.com/link/ux39cn/video/nehek90o2i191/player + +&#x200B; + +# Clip #3 @ 6:32 AM: + +https://reddit.com/link/ux39cn/video/ph41b0it2i191/player + +&#x200B; + +# LMAYO CHUCKLES ALL AROUND, AMIRITE?! + +# Maybe Ferro isn't on assignment after all! LOLOLOLOL! + +&#x200B; + +# = = = = = = = = = + +&#x200B; + +# 🚨🚨🚨 SERIOUSLY THOUGH 🚨🚨🚨 + +* **It would be INCREDIBLE if we could dig up any comments Jonathan Ferro might have made in recent days/weeks/months about how he is looking forward to going to Davos this coming week, or how he'll be going to Davos this week, etc, etc** +* **We should be checking:** + * **Bloomberg broadcasts & social media, and possibly articles** + * **Ferro & other hosts social media as well** +* **BECAUSE FINDING COMMENTS LIKE THIS WOULD ABSOLUTELY BLOW THEIR CHUCKLE-FEST OUT OF THE FUCKING WATER** +Throw away account.. + +I've been contemplating early retirement in 2023. Need folks here to double check my readiness. Thanks for your feedback in advance. + +About us: +Me and my wife are both 54 this year. No kids. We live in VHCOL (CA). No plan to relocate for at least 5-10 yrs (family reason). + +Our assets +Our net worth right now is about 7M (1.5M in a paid off home, 5M in index fund, 0.5M in cash or short term savings) + +Our expenses +In retirement our budget is 100K/yr. This includes healthcare expenses (either Cobra or CoveredCA marketplace insurance), travel, taxes and day to day living expenses. For simplicity, I am not counting inflation in this plan. But we are also not counting on future upsides (Inheritance and market growth) so they will end up as a wash. + +In retirement, we expect to receive about 50K in annual dividends and cap distribution. We will use 50K from our cash pile to cover the difference. We can do this for 10 years til we are 65 when Medicare and Social Security will kick in to lower our healthcare cost and increase our income. Another reason for doing this is to keep our MAGI low enough to qualify for CoveredCA subsidy. Basically we don't need to sell any equity for up to 10 years. + +I do have some medical issues but it's under control and the insurance we are buying should cover any treatment. + +Please let me know if you think we are ready to pull the trigger in 2023 and if we are missing any important things in our plan. +I am hereby requesting to sticky a warning about shorting calls on NKLA. I can tell you from personal experience, that these WILL be exercised, as soon as they are in the money. This will leave you with a 900%+ annualized borrowing fee, untill your short position is covered. Thats $180 per lot per day. +This risk is of concern for every strategy, that involves selling a naked call. In particular Iron condors and call spreads. + +My experience: +I sold 25 call credit spreads, that went in the money. The short leg will be settled today (friday). I exercised the long leg immediately, when I noticed yesterday. But it will not be settled until monday. This will leave me with a short position over the weekend. Comes monday, I will be looking at a loss of over $13,500. That is on a $4k account... + +I have seen stories like mine on wsb too. Please prevent other traders from making the same mistake. Sticky a warning. + +Update: The results came in as expected. I was fined for 3 days. The fee was $13,700 +Help me understand, why some 3 bedrooms 1400sq feet go for $500K? Am I missing something? + +For ex: +https://www.zillow.com/homedetails/65-Monroe-Ave-UNIT-4112-Chicago-IL-60603/126265477_zpid/ + +And it’s not the only one, there are a lot like these. +Just did some quick maffs with [https://smartasset.com/investing/capital-gains-tax-calculator#CTxi9T34Ki](https://smartasset.com/investing/capital-gains-tax-calculator#CTxi9T34Ki) and after taxes, the $20,000,000 floor would leave you with around $9.4 million. If you're cool with that, that's whats up, but I want my $20,000,000 after taxes, and I want other apes to have it too, so that means the REAL floor is $38,000,000. + +&#x200B; + +[GMEFloor.com has some catching up to do.](https://preview.redd.it/gespsoxjk5271.png?width=610&format=png&auto=webp&s=7f9428c9a02948bd930448934a8f10d0e012db82) + +HOLD ON FOR DEAR FUCKING LIFE! 💎🙌 +Thought to compile a shortlist of individuals who track the ASX and companies on youtube + +Two of my favourites are: + +\- [Aussie Stock Pickers](https://www.youtube.com/channel/UCWqDFArx0v60Tkozd3n1UTg) + +\- [Demoniaco ASX](https://www.youtube.com/channel/UCLdpANrxJzD_1Eru52X8Prg) + +&#x200B; + +Some others are (don't watch them): + +\- [Aussie Investing Machine](https://www.youtube.com/channel/UCU4_rj_8QMVDX3u8_-O1F_A) + +\- [Michael Ko](https://www.youtube.com/channel/UCXutEl1FPwFMSjX0rynYSuQ) + +\- [David Quan](https://www.youtube.com/channel/UCWyf26ZwMJXrRxc3Yw4iZmw) + +\- [Hamish Hodder](https://www.youtube.com/channel/UCODr9HUJ90xtWD-0Xoz4vPw) + +\- [Kenjoe Bu](https://www.youtube.com/channel/UCs87KrZGbRB__FQ0yS8vLQQ/videos) + +\- [The Rookie Investor](https://www.youtube.com/watch?v=Q65hcOE7t8U) + +\- [Stocktake with Yush](https://www.youtube.com/watch?v=BctFVND5gM0) + +\- [Compounding Everything](https://www.youtube.com/channel/UCXVqhbGFi9DoJtavjzzqZXA) + +\- [The Adventurous Investor](https://www.youtube.com/channel/UCKVkZOObvCJivhHXOsBi8tA) + +\- [The Healthy Investor](https://www.youtube.com/channel/UCVqLbbz2NcQBi6bsSlOTlTg) + +\- [Joshua Wang](https://www.youtube.com/channel/UCexZalgYyI5j1t_jBVk1oBg) + +\- [Investing with Tom](https://www.youtube.com/c/InvestingwithTom/videos) + +\- [Family Finance](https://www.youtube.com/c/FamilyFinance/videos) + +\- [ASX Investor](https://www.youtube.com/channel/UCDpEIqJDyUZFM6FxjWZNgDg) + +&#x200B; + +Don't even go near these ones + +\- [Justin Baldori](https://www.youtube.com/c/JustinBaldori/videos) + +\- [James Bernstein](https://www.youtube.com/c/JamesBernstein/videos) + +\- [Invest with Queenie](https://www.youtube.com/channel/UCOYBaRNdosHLQvIZc1DNHDg) + +\- [New Money](https://www.youtube.com/channel/UCvSXMi2LebwJEM1s4bz5IBA) (This guy sucks) + +\- [Aussie Money Man](https://www.youtube.com/channel/UCFjdDTZcTHWsBKYw0z5H_6g) (This guys even worse) + +&#x200B; + +If you have any that you watch or know off add them in the comments! + +&#x200B; + +EDIT: from comments + +\- [Invest for the future](https://www.youtube.com/channel/UCLyH4gxQ2rGgSCR_MzD5KgA) + +\- [Taco Investing](https://www.youtube.com/channel/UC0yHfKlRW5z7Y5LNbwaLbSw) + +\- [Invest with Frank](https://www.youtube.com/channel/UC7DSlY4iWJrLb2ShSOpBHbw) + +\- [Kneppy Invests](https://www.youtube.com/channel/UCjQJPzeCJhA4KrETh3FVVHA) + +\- [Finder Market Points](https://www.youtube.com/channel/UC7N0NPq6REt_F7HOQOGgC9Q) + +\- [ASX Analytics](https://www.youtube.com/channel/UC1sgVYbGQ7uT5KemeBwFhhg) + +\- [Rivkin Securities](https://www.youtube.com/channel/UCMb2hjtqt9GogH596wvZG0Q) + +\- [Switzer Financial](https://www.youtube.com/c/SwitzerMedia/featured) + +\- [Livewire Markets](https://www.youtube.com/c/Livewiremarkets) +I heard some people in the tech industry have around 200-400k salary some even after graduating from Uni there earn around 100k+ and I understand in the mining industry grads can earn that much but in the tech and working comfortably in your home is that sustainable or is it just because of the growth and lack of workers we’re having? + +I’m an EE and currently working as a PE was thinking of doing masters in cyber security or an accelerated course will this guarantee me job in tech? +Hello fellow apes. I tried calling Melvin to say I have GME shares for sale at 1M each. However, the phones are disconnected. Can anyone confirm if this is recent and what this could possibly mean? +✅🔥 NEW DXSALE LIVE 🔥✅ + +​ + +http://dxsale.app/app/pages/defipresale?saleID=2356&chain=BSC + +​ + +⬇️ 0.1 BNB minimum + +​ + +⬆️ 5 BNB maximum + +​ + +🍿🎥 SURPRISE DEVELOPER VIDEO AMA 🎥🍿 + +​ + +https://www.youtube.com/watch?v=kN4PdR4IRk8 + +​ + +🔒💰 PRIVATE SALE FOR ORDERS OVER 5 BNB ONLY 💰🔒 + +​ + +Send BNB to this BSC Address and fill the form: https://forms.gle/Gvk7trNEAfyVe8Z5A + +​ + +0x6ae6523e739229d24B0043F36B8734eee61A448D + +​ + +Introduction + +​ + +Velorex (VEX) is a decentralized finance token built on the BEP-20 platform. At Velorex we aim to facilitate global adoption of our cryptocurrency by introducing Debit cards and Smart Wallets that dynamically interact with a variety of Web3.0 and related programs within our block-chain from 2022 onward. + +​ + +Currently, our primary focus is geared towards the implementation of the VEX token into a real world application in the form of essential innovative decentralized services. This will be realized by the 'VEXchange' which is being developed concurrently and will enable our users to experience low cost, high speed purchasing of products & procurement of services through the global online marketplace while providing a decentralized payment gateway, transfer protocol and asset storage capability for VEX token. + +​ + +Our Technology Makes It Work + +We listen to you! + +​ + +We work with our community and listen to your opinion. We value every member of the community and we treat each other with respect. Our goal is to get into the top #50 cryptocurrencies by the end of the year, and we want your suggestions & opinions! + +​ + +We value you! + +​ + +We developed VELOREX Reward System (RS) to show our appreciation for every token owner! Every holder will be rewarded automatically whenever a transaction is made. The reward is 2% on each transaction. + +​ + +Community based + +​ + +We develop for the community and we need your insight and opinions to make sure we are delivering exactly what the public wants! + +​ + +After our dev/mod meeting yesterday, we believe we have come up with a strong and fair plan for the next pre-sale and the continuation of the project following the launch. + +​ + +Here the some bullet points along with the clarifying information below them: + +​ + +• New DxSale has a 400 soft/800 hard cap as before. We have extended the sale to 48 hours. + +​ + +• On launch, 10 million tokens will be reserved for marketing and development needs. + +​ + +• On launch, we will lock all tokens for all pre-existing holders (~350m) for 1 month in an airdrop wallet. + +​ + +We will provide proof of this immediately upon locking. + +​ + +• Following the unlocking of the airdrop wallet, we will then distribute 10% of all pre-existing holders tokens per week for 10 weeks. Example: If you had 1,000,000 tokens, you will be airdropped 100,000 tokens 1 month after launch. You will then receive 100,000 tokens per week until your original 1,000,000 is fulfilled. + +​ + +Please see explanation below for clarification on why we made this decision. + +​ + +• One last thing to incentivize investors to buy into the presale will be this: We will have 9% tax on all transactions (2% burn, 2% redistribution and 5% charity wallet). From the 5% of the charity wallet, 50% of that will be airdropped to ALL PARTICIPANTS IN THE PRESALE as a sign of good faith until the aforementioned 1 month lock on existing holders tokens has concluded. The other 2.5% will go to LP. + +​ + +We made these difficult decisions for multiple reasons. The main purpose of this plan of action is to protect the new investors from dumping at the launch of the new contract. As many of you know, Janos ran off with a very large chunk of the communities BNB and thus we are starting from scratch as far as liquidity goes. + +​ + +With this plan in place, we will ensure the safety of all new investors while still maintaining our commitment to all pre-existing holders. The filling of the presale is largely hinged on garnering new investors and we need them to feel secure in their financial position within the Velorex community. + +​ + +On top of that, by allowing the project to mature and grow in value during the locking period, we will ensure significant progress can be made on the utility of the project as well. We are still hard at work on the development of the Velorex debit cards and ATMs, rest assured. + +​ + +Thank you everyone who has been patient with us through this difficult and unforeseen situation. We look forward to continuing our journey together to make Velorex a success 💎🙌 + +​ + +Thank you from the developer and moderation team - join in on the presale now! + +​ + +Links⬇️ + +​ + +Website: https://www.velorex.net + +​ + +Telegram: https://t.me/velorex_cc + +​ + +Dx-Sale: http://dxsale.app/app/pages/defipresale?saleID=2356&chain=BSC +I want to remind everybody who has been here as well as new users. This is r/pennystocks not r/wallstreetbets, GME is not a penny stock nor has it been. Quit posting about it because it does not belong here and everybody already knows. We are having a huge influx of members as I'm sure you all are aware. We are not going to be removing 500 posts a day because people refuse to read the rules and follow them. If your post is found to be a complete lack of effort and against the rules you will be banned and nobody is going to explain why because that's what I'm doing now. + +&#x200B; + +This subreddit is a beautiful place but what is happening right now is not what this subreddit is for. Everyone needs to follow the rules and if you don't know what those are I suggest you go take a look. Please post helpful or insightful information or make your way to the lounge. Nobody needs to make a post with one sentence covering stuff people already know. You may be asking "How do I know if this post is good enough" well if you had to think about it, probably isn't. We specifically made the lounge so people can get quick answers or share a thought. These do not require a post! + +&#x200B; + +Everyone have a great day trading and be careful in these wild times. Thank you for reading and respecting this subreddit and it's user base. +https://www.cnbc.com/2020/07/01/adp-private-payrolls-june-2020.html + +1. Private payrolls rose by 2.369 million in June, a bit below the 2.5 million estimate from economists surveyed by Dow Jones, according to ADP. + +2. May’s number saw a stunning revision, going from an initially reported loss of 2.76 million to a gain of 3.065 million + +3. Hospitality industry workers saw the biggest gain, with 961,000 hires, while small businesses overall added 937,000 +One of my current goals is to simplify my trading strategy. I spend a lot of screen time scanning for tickers, and if I can cut this down by having a core group of tickers I trade that would be great. I'm looking for modest, scalable gains on names with plenty of volume and enough action to feasibly grab \~1%+ gains (to long side or short) within the first 2 hours of open. + +If you have a strategy along these lines, please share which stocks or ETFs you trade, and why you chose them. +Seriously, impending market collapse, impending supply chain food shortages, global warming, housing unaffordability, student loans fucking me, book burning christofascist flag waving goddamn Nazis taking over government at all levels, whats the actual point. + +Its not like Im going to live to see retirement, anyway. Even if I make it there, its not like theres going to be anywhere fuck all to actually retire *to.* + +Its going to be another decade of stagflation, if not outright collapse. Throwing good money after bad into a zero or negative growth market. + +I’ve already closed all my other, laughably minor investing accounts, just to pay bills or the mortgage. + +I don’t care about being broke, been there all my life. But, *goddamn* it would be nice to *live* a little instead of 60 hour weeks and nothing to show for it. +I'm a 32-year-old lawyer with about $250,000 in savings. No significant other or dependents. I currently make \~$160k and have paid off all debt except for a $1700/mo mortgage payment. I've been a litigator for 6 years and hate pretty much everything about the job except for those few hours I get to spend researching and writing briefs. The marketing aspect, court appearances, settlement discussions, constant petty fighting counsel, the 3am Saturday emails, the crazy clients, the mind-numbing contracts and procedural rules... pretty much every other aspect of my job? I really truly hate. To the point where anxiety keeps me up at night, I dread answering my phone, and I daydream about becoming a hermit in Tibet. + +&#x200B; + +What I really want to do is teach or be a librarian in a smaller town somewhere (I had substitute teaching and library experience back in the day and loved both), but the pay is just holding me back. My thought is this... if I really up my saving and stick it out in my job for another 1 or 2 years and then maybe another 2 or 3 years in-house (most of the recruiters calling me have been pushing positions that would pay in the low 100k range) until I just can't stand it any more... am I a total idiot if I leave and take a job that pays a fraction of what I make now? Would retiring early still be feasible? The thought of 10 more years as a lawyer is just so brutal. +And it’s so much better than I expected it to be!! + +I’m going into my fourth year (only 3 semesters left!) of college, and I was dreading trying to figure out how to pay for this last leg. Up until now, I was able to make due with some federal student loans (which have covered about half each year) and a payment plan to pay the rest out of pocket. I’d worked and saved up a ton in high school, and my grandpa gave me my relatively small inheritance fund to help me pay for school (my brother used his to pay for his wedding). + +After this last semester though, I was down to $150 in my bank account, a closed up savings account, and a $15k tuition bill staring me down. I work as much as I can over the summer AND during the semester, but there’s no way I can come up with more than a couple grand in that time. I was dreading having to take out private loans because the federal loans are bad enough as is, but the private loan industry scares me. + +My university just emailed me to let me know my award letter was released online. I opened it, and I was floored!! I was offered the usual $7.5k in federal loans — PLUS $8.5k in GRANTS!! This is the first year I’ve been awarded ANY grant money!! And it’s enough to cover the rest of my tuition for next year, plus enough to put in a savings account to help pay for my final semester. I’m so happy! I have this huge weight lifted straight off my shoulders!! + +I’ve got some medical and dentist’s bills that I’ve been avoiding until I had paid off the last of my tuition for this semester, so I’m not totally out of the woods yet. Plus I do have a pretty big bill of loans I owe to the federal government, but I can pay those off when I’m working full time. I just can’t get over this!! +Think like passing a note to your younger self. Wipe all knowledge and experience and start from nothing. Would you learn strategies? What might you learn to buy first? What would you avoid learning/wasting time on? What is a key fundamental you found yourself relying on the most? etc. +It doesn’t look like they have much more runway to go. They probably have to cut dividends in the next few months. The sales has been pretty weak and Amazon and Kogan and other online retailers have been slowly eating their lunch. + +What do you think? +i haven’t been to that gym to actually work out for half a year, but there is never any employees and when i call no one answers( im talking calling 20 times a day). no one ever seems to be working their, but every month they charge me $26 and its so annoying. im not in a contract or anything i just cant cancel because theres literally no one to do it for me, what do i do. + +Edit: every member has a keycard to get into the gym 24/7, the problem is there is literally never any employees their who can cancel my membership for me + +Edit 2: i am leaving a letter at the gyms desk saying this is (my name) and i would like to cancel my membership, please call me at (my number) and leave a voice mail if i cant be reached. then im going to make a copy of the letter and mail it to them as well, and then im calling my bank to block the charges. Also i hate gyms +I'm going to be making the transition from working a 9-5 to full time trading. However once I do this I'm kind of worried I will have way too much extra time on my hands and go stir crazy. How many of you guys get a side job just to get out of the house? Or if not a job what helps occupy all your free time. +You CANNOT use investorvote for broker (street name) shares. That is for CS shares only. Simply click the vote now button that you received in the email from Fidelity or any other broker and it will take you to the broker-specific voting page. + +Investorvote.com is only for Computershare shares. The proxy materials say “Vote by Internet. Shares Held of Record: www.investorvote.com/GME”. + +Shares Held of Record = DRSd shares + +Below that it says “Shares Held in Street Name: See Notice of Internet Availability or Voting Instruction Form”. In other words, your broker or bank will tell you how to vote any shares that are held in street name. + +Shares Held in Street Name = any retail shares not DRSd. So your fidelity or other broker control number is and never was going to work at the Computershare investorvote site. + +https://gamestop.gcs-web.com/static-files/69239be2-1b34-444e-b981-ad69b586cedb + +I literally could not care less about karma. I am just trying to help. Please upvote this just for visibility and more eyes. + +TLDR: Stop posting about your control number not working. It works. You’re just not using the right online voting website. Read the proxy materials, they are very clear. Link above. + +TLDR #2: investorvote is for CS shares, proxyvote is for MOST broker/bank-held shares. Just click the vote now button from your broker/bank’s vote announcement email. +Hello all you beautiful people/apes/apettes!!! I don't know about YOU all, but my week was ROUGH. You know how it is when you come back from a TINY break and your boss unloads some bitch-work on you which you KNOW you have to just trudge through... So there I am, cleaning up my boss' yard (because she's too important to pick up after herself), and I realize that a stray cat has been sneaking in and shitting EVERYWHERE, and holy shit there are fleas, and then the stupid bitch-work that was supposed to take 30 minutes turns into a + +# FULL ON FUCKING WEEK-LONG CATASTRO-FUCKFEST BECAUSE OF COURSE THIS IS MY PROBLEM NOW BECAUSE THAT'S HOW BOSSES FUCKING ARE + +[Don't let her looks fool you, she's an absolute slave-driver. I'm working 100 hour weeks with no overtime pay over here](https://preview.redd.it/2ow0h2mqike71.png?width=1000&format=png&auto=webp&s=6cb14d72ed60ee84d71d7a344b2f7fd96df9fd77) + +Anyway, I FINALLY managed to grab a moment to myself, and figured I'd share my latest crayon drawings with all my friends. Because we're getting to the point in the story where there are just SO MANY WORDS and seriously NO LIKIE READ, so let's have the prologue in the form of a picture-book🖍 + +# Once upon a time, there was a glitch. + +Only it wasn't just ONE glitch, they were EVERYWHERE. *wtf???* we all asked in unison. Slowly we realized that these were NOT glitches, but **ACTUAL TRADES USED BY BIG-MONEY INVESTORS called** [**"inter-market sweeps" or "sweep-to-fill orders"**](https://www.investopedia.com/terms/s/sweeptofillorder.asp)**!!!** + +https://preview.redd.it/q1x5myrsike71.png?width=667&format=png&auto=webp&s=bd2e268199c0c03848013bc1957bfa1f1ec48354 + +[This post covers sweeps in detail](https://www.reddit.com/r/Superstonk/comments/ok1bta/the_intermarket_sweep_aka_the_straight_upanddown/?utm_source=share&utm_medium=web2x&context=3) for more. Turns out there were other strange things afoot as well- [crossed](https://www.investopedia.com/terms/c/crossedmarket.asp) and [locked](https://www.investopedia.com/terms/l/lockedmarket.asp) markets!! [Crossed markets are discussed further in this post](https://www.reddit.com/r/DDintoGME/comments/onka1q/when_kenny_sneezes_the_market_has_a_seizure_part/), not gonna lie my brain STILL hurts. + +https://preview.redd.it/yz2orknuike71.png?width=1405&format=png&auto=webp&s=2898d30a9a77dd9a2b36f1a6c8553ec0b5189f7a + +But we started to wonder... is it real? Can we trust these things that we see? Perhaps it was all... *just a dream???* Fear not, for we discovered that [ALL level 1 data provided as real-time quotes can be trusted as **valid and accurate sources of data** in this post here](https://www.reddit.com/r/Superstonk/comments/omegu8/when_kenny_g_sneezes_the_market_has_a_seizure/?utm_source=share&utm_medium=web2x&context=3). + +https://preview.redd.it/9c6jv6lvike71.png?width=1130&format=png&auto=webp&s=be148a1f50dff25f247f510dbbe2313dbac67f8b + +Would nicer data be nice? Surely. But what we have **is accurate**. Finally we realized that these market sweeps, aka "glitches," were trades used SO INCREDIBLY COMMONLY that hardly a trading second passes without someone sweeping something somewhere. [Sweeps and price movement action is discussed in this post](https://www.reddit.com/r/DDintoGME/comments/opb59e/when_kenny_sneezes_the_market_seizes_part_iv_lock/?utm_source=share&utm_medium=web2x&context=3), and finally us poors can finally start to understand WHAT in the hell is happening when GME's price nose-dives for no apparent reason... + +# It's because of all these things that we retail traders don't get to see, and for the most part, don't even know exist. + +https://preview.redd.it/nr4nzhfwike71.png?width=1348&format=png&auto=webp&s=3c66b410821d5d28f46d2620d38470c49c2615a6 + +If you're like me and you're wondering **WHY** any *reasonable* hedgie would over-pay by $10 just to buy some stock 0.05 seconds faster, let's look to options traders for some answers! Here's an article on [Yahoo Finance called "What Is an Options Sweep?](https://finance.yahoo.com/news/options-sweep-160559278.html)" which is mostly fluff but does say, + +>"Sweep orders indicate that the buyer wants to take a position in a hurry, which could imply that he or she is anticipating a large move in the underlying stock’s share price in the very near future." + +Here's a [Nasdaq.com article about how a financial advisor might use sweeps](https://www.nasdaq.com/articles/how-financial-advisors-can-use-options-sweeps-2018-01-24) to make quick profits: + +>Traders and stock scalpers buy very quickly and often sell for profits within seconds. They benefit because others respond at a slower rate allowing the traders to sell to the late-comers. + +And HERE is some spiffy software I'm going to pay for *some day* called [**FlowAlgo**](https://flowalgo.com/) that advertises sweep detection: + +https://preview.redd.it/h38evx4yike71.png?width=918&format=png&auto=webp&s=32f1c2d6aa3125000e919241d7798a0c6707292b + +[**FlowAlgo's video of price movement after detected events**](https://flowalgo.com/?wvideo=ublt3iwqml)**-** gets VERY spicy about midway through. CLEARLY sweeps are a huge part of daily trading... if you can afford the $$$ to see them. Regardless, they seem to cause large price movements wherever they go. Which finally brings us to today! To understand the next crayon drawings, let's talk about something new.... + +# the Head and Shoulders pattern!!! 🤷‍♀️ + +So, in a series of tweets, [Burry on June 20 '21](https://twitter.com/BurryDeleted/status/1406698535697911814), and then [Burry on June 24 '21](https://twitter.com/BurryDeleted/status/1408179586106601478), Dr. Burry tweeted something about football, hair, shampoo, and \[CENSORED\]: + +[He might as well have asked me \\"what have i got in my pocket?\\"](https://preview.redd.it/d4u6019zike71.png?width=562&format=png&auto=webp&s=1d4afa39251768a74400d230b2d08f129e157b81) + +And I swear to god I am ***literally*** that dense. However, at SOME point, I learned that what dr. Burry was talking about was actually a chart formation called the "[**head and shoulders**](https://www.investopedia.com/terms/h/head-shoulders.asp)" (also, meet the weird-yet-uncomfortably-attractive cousin, the "[**inverted head and shoulders**](https://www.investopedia.com/terms/i/inverseheadandshoulders.asp)"). + +Turns out this little bugger is a pretty powerful pattern! [**Samurai Trading Academy's "7 Best Price Action Patterns"**](https://samuraitradingacademy.com/7-best-price-action-patterns/) **ranks our little head-and-shoulders as the** ***most*** **predictable trading pattern in existence:** + +[emphasis mine 🖍](https://preview.redd.it/20f5y8b2jke71.png?width=1318&format=png&auto=webp&s=2833b65079ac82dd55a66e6cb27328c74a9290ae) + +So if you see a mysterious figure start to form as you're watching some stock's price movement, it's **NOT** the slender man finally coming for you, it just means the stock has a high chance or reversing whatever price trend it was on. OBVIOUSLY we are going to see how this has played out in GME's history. Let's look at what happened 3 days ago on 7/28... + +https://preview.redd.it/ay3tpuf5jke71.png?width=819&format=png&auto=webp&s=ef10337f00dd2538a29c9f424ce35a4f002ab8b5 + +Um. What the hell? Indeed! Here's what us retail traders got to see: + +https://preview.redd.it/ebzq6ge6jke71.png?width=642&format=png&auto=webp&s=c498822ac861e26f366dbdd67bb189f17a4bf857 + +So somehow **in the first 30 minutes of trading** a chart pattern with an 83% chance of breaking out UPWARD just takes a huge old shit for no apparent reason, and there's not even a large volume associated with the downward break? + +yeaaaaaaaaaa..... time to peek behind-the-scenes at that 30 minutes of stupidity: + +[oh look, a shit storm!](https://preview.redd.it/ld5frgg7jke71.png?width=1524&format=png&auto=webp&s=896c48faed5b637a4e29b23b137cb49fc0b6cc01) + +Let's ONLY look at large volume trades (100 shares or more) to see how they affected the price movement: + +[mmmmmm. yeeeaaaaaaa.](https://preview.redd.it/8qfiqqj9jke71.png?width=1564&format=png&auto=webp&s=2c9575e7281fb1e9b08bb0048fd4a85f417435e0) + +Many of the most severe downward cuts that the price makes have sweep to sell orders on top of them. So, sweeps seem to be highly correlated to violent price movement. + +Where have I seen this before... oh, I know, the birther of my rage, 4/12 anyone?? Here's what us retail plebs got to see: + +[you can see the eggplant even though i didn't draw it, admit it](https://preview.redd.it/nygv4rqbjke71.png?width=827&format=png&auto=webp&s=8df2b46dc13a6bfb77009dd1abd007549f362bb1) + +**And here is what we DIDN't get to see in that first half hour:** + +[kenny and gabe playing price-blasters](https://preview.redd.it/w76y88pdjke71.png?width=1773&format=png&auto=webp&s=62ee4de0edc23afa7dde52aa969d8f719d0a6293) + +SO.... was there a head and shoulders forming before this shit-tastrophe?? *But of course!!* + +https://preview.redd.it/r20yfmxfjke71.png?width=579&format=png&auto=webp&s=624cb3399664716fc0cc02f4a2dd1c01200f46a8 + +Okay old news though. Let's see the last time GME pushed into the $300s... + +https://preview.redd.it/gb8xyztgjke71.png?width=798&format=png&auto=webp&s=e2f51eebe13e2d83053dce229c51b586637037f9 + +What a happy little bugger!! But... wtf... + +# Since June 7th, not a single head and shoulders pattern has resulted in an upward break for GME. Probability be damned.* + +\*I have wrinkles suggesting that true head and shoulders may take 45-ish days, so these may not be TRUE head and shoulders but perhaps baby men saucer-types instead. Will get updated probability for baby-men-saucer-type chart pattern asap!! + +[A shit was taken the morning of June 21st](https://preview.redd.it/ha9d4z3ijke71.png?width=856&format=png&auto=webp&s=46ab1c22ee3d9bb0ebb0b16b82fc728616cc6654) + +[Two shits were fired on june 23rd and 24th](https://preview.redd.it/k2cjt1kjjke71.png?width=864&format=png&auto=webp&s=a0dd98603435ead7c93fe7122361096099b60058) + +[An especially spicy shit on july 6th after a long holiday weekend](https://preview.redd.it/n045l19kjke71.png?width=687&format=png&auto=webp&s=668879da6267041f16d89bfa9dbd827c6d5424b0) + +Will I go through the individual shit-storms that killed each of these patterns?? OF COURSE!!! But I'm at image limit, so expect further detail in APPENDIX A, coming soon!!! But, speaking of probabilities- ~~with the failed head and shoulders we started the post off with, that makes.... 4 patterns in a row....~~ (edits!) Crayon man, who shat the bed just a few days ago, took over a month to form and is more representative of a true head and shoulders pattern, and I'll therefore assign it the full 83% lift-off-chance. The red man of rage that shat everywhere on 4/12 also took over a month to form- also probably legit. Happy orange bugger, who *actually* got to lift off in the end of May, took over a month to form as well. The chances that *all* of these guys would have gone off, at 83% a pop, is 57.2%. Chance of *two* popping, but not one? 11.7%. The chances that *only one* would successfully break upward out of the three? **2.4%.** + +As for the little guys.... To be safe, we'll assign the last 3 baby-head-and-shoulders patterns that formed over the month of June the same chance of upward breakout as a "double bottom," 78% according to [Samurai trader](https://samuraitradingacademy.com/7-best-price-action-patterns/). + +# 3 successive patterns that have FAILED to break upward after completing. There is (edit!) 1.06% of that happening due to random chance. 💩 + +To calculate the chances of fuckery, we must define fuckery... + + Fuckery = 100% - [random chance of thing happening] + +Therefore, mathematically.... + +# The chance that fuckery has affected price movement since June 10th is equal to.... 98.94%. It's science. + +To add to that, the shorts are relying HEAVILY on sweeps during the first 30 minutes of the trading day. What's so special about the first 30 minutes?? Well... for a NYSE-listed stock....... *everything.* There are some [key differences to how the NASDAQ and the NYSE decide how to price their stocks](https://www.investopedia.com/articles/basics/03/103103.asp). Because for the first and last 30 minutes of trading, the NYSE sets its prices using the "auction method," where ***only people on the actual trading floor get to participate in the auction***\*.\* Seriously. [Read more about the auction method on investopedia](https://www.investopedia.com/articles/investing/091113/auction-method-how-nyse-stock-prices-are-set.asp). Please, for me, because I literally have no clue how this works, my bullshit circuit breaker just tripped, brain reset imminent in 5... 4... 3..... + +# TLDR: while hedgies have been laughing and calling them "glitches," straight lines in charts are actually caused by trades called MARKET SWEEPS. These are VERY commonplace and one of the main tools shorts use in concentrated shit-storms to fuck with GME's blast-off. hi kenny 💕😘 + +&#x200B; + +https://preview.redd.it/d565ascljke71.png?width=1177&format=png&auto=webp&s=3501b1b89a3d28d3edc643639b567314dd4b3fcb + + 🖍🖍🖍 CONFLICT OF INTEREST STATEMENT 🖍🖍🖍 + +I may put these visualizers onto a .com website and I could potentially profit from ad revenue if there is sufficient clickage. I would do this in the hopes that maybe some day, when I eat Ramen, it will not be because I HAVE to... + +BUT BECAUSE I CHOOSE TO 🖍🖍🖍 + +p.s. seriously, fuck fleas, and fuck them hard +**TLDR**: + +>!Blackrock owned ETF with almost no activity for 15 years suddenly has nearly $4B inflow-outflow in a 3-week timeframe. The purpose of the ETF?? .. to buy large and mid-cap companies around the world. I have not yet been able to find any info or anything that even alludes \[concretely\] to what the money was for, so this DD is more informational, and if anyone is sparked into doing some digging, the more the merrier.!< + +(Click on grey box above to reveal TLDR) + +Between the days of January 25, 2022 and sometime in mid February, the iShares MSCI Kokusai exchange-traded fund (ticker "TOK") saw nearly $4 Billion flow in and out after starting out the year with less than $200M in total assets. + +While the below [article](https://www.bloomberg.com/news/articles/2022-02-18/mystery-3-7-billion-pushed-through-blackrock-etf-stumps-traders) reports BlackRock declined to comment, and analysts are confused by the activity, it does speculate a few possible reasons: + +&#x200B; + +* The sudden influx of cash could indicate a large asset manager is tweaking a model portfolio allocation +* The three week lag between the inflow and outflow also mostly negates guesses that the flow is a tax optimization re-balancing trade, known as a “[heartbeat](https://www.bloomberg.com/graphics/2019-etf-tax-dodge-lets-investors-save-big/)"--a smart tax strategy which removes a negative from the investment process. And according to Cinthia Murphy, director of research at the ETF Think Tank, heartbeats don’t usually exceed the net asset value of the fund +* “We can only speculate that they are either washing assets in something else, like an SMA or an offshore product, or it’s a trade for a big institutional investor looking for exposure for a day, or maybe an options-related trade, something like that + +[https:\/\/www.bloomberg.com\/news\/articles\/2022-02-18\/mystery-3-7-billion-pushed-through-blackrock-etf-stumps-traders ](https://preview.redd.it/8qez5cwzumi81.png?width=970&format=png&auto=webp&s=0a1401ecd24704af0752365f348f60409c1e9293) + +[https:\/\/www.bloomberg.com\/news\/articles\/2022-02-18\/mystery-3-7-billion-pushed-through-blackrock-etf-stumps-traders ](https://preview.redd.it/enqtccwzumi81.png?width=640&format=png&auto=webp&s=3599c5d5d2b44f008653b03bcd4a30410cb71f29) + +[https:\/\/www.bloomberg.com\/news\/articles\/2022-02-18\/mystery-3-7-billion-pushed-through-blackrock-etf-stumps-traders ](https://preview.redd.it/dps0oywzumi81.png?width=627&format=png&auto=webp&s=5466e2f62cf44d82300cfa5ea2ee7f53c492e5a5) + +https://preview.redd.it/0tsp4ca8hni81.png?width=1440&format=png&auto=webp&s=6ab4fe68d8ed7b23c741b90085e1493e3aa34fd7 + +[https:\/\/www.bloomberg.com\/news\/articles\/2022-02-18\/mystery-3-7-billion-pushed-through-blackrock-etf-stumps-traders ](https://preview.redd.it/y8yg7cwzumi81.png?width=647&format=png&auto=webp&s=395292f1e021b6a04310713f27222e59f4b936e3) + +[https:\/\/www.bloomberg.com\/news\/articles\/2022-02-18\/mystery-3-7-billion-pushed-through-blackrock-etf-stumps-traders ](https://preview.redd.it/j8s3jewzumi81.png?width=643&format=png&auto=webp&s=2f3c2ef5f3d0586fa743d97c83dc494fd5754aef) + +According to another Bloomberg [article](https://www.bloomberg.com/news/articles/2022-01-27/forgotten-blackrock-etf-posts-mystery-3-7-billion-inflow-in-day), Todd Rosenbluth, head of ETF Research at CFRA--is a leading provider of independent investment research--“It’s extremely rare for an ETF to be way below the radar and have no underlying or limited trading and then gather $3 billion in one day". + +Rosenbluth goes on to provide a couple more theories: + +* The inflow might be a Japanese investor seeking to diversify outside of the country, although there are more liquid, cheaper and larger products to execute such a strategy +* The sudden influx of cash also has all the hallmarks of a so-called model portfolio allocation, which is are a diversified group of assets designed to achieve an expected return with a corresponding risk, according to [smartasset.com](https://smartasset.com/investing/model-portfolios). Historically, a model portfolio would typically have been created in-house at an advisory using a package of mutual funds, according to the above mentioned Bloomberg article + +So, "**What is iShares MSCI Kokusai, anyway?**" + +Very reasonable question. Incorporated in the US, the purpose of this fund is to buy large and mid-cap companies around the world, excluding Japan, and corresponds to the price and yield of the MSCI Kokusai Index + +https://preview.redd.it/7pul8g757ni81.png?width=1440&format=png&auto=webp&s=cb2f06ab60f92e96c856240f735141e330646e0c + +I find it interesting that the 1-month, 3-month, and YTD return percentages were roughly 50-60% of the fund's 1-year returns. Recall from earlier that the $3.7B in activity did not start until January 25th. So, how I interpret the below screenshot is that this BlackRock owned fund did not have a good year, then there is a sudden inflow and outflow of cash... weird, right?? + +https://preview.redd.it/shhvnrup7ni81.png?width=1439&format=png&auto=webp&s=1e787d456058a5a8e6d48d0a9a85ba29c36c3e6d + +And if the purpose of this fund is to buy large and mid-cap companies, then what the heck did they buy for nearly $4B?? + +&#x200B; + +[https:\/\/www.msci.com\/documents\/10199\/75637607-5053-4a11-bc59-30a604cab1fa ](https://preview.redd.it/h8y04c7o7ni81.png?width=1084&format=png&auto=webp&s=44fc15af38f85242cbd085368612026fde158c24) + +[https:\/\/www.msci.com\/documents\/10199\/75637607-5053-4a11-bc59-30a604cab1fa ](https://preview.redd.it/d3h00c7o7ni81.png?width=1020&format=png&auto=webp&s=e2dbd96011da491036d40c39d02adbdf7a3806ad) + +[https:\/\/www.msci.com\/documents\/10199\/75637607-5053-4a11-bc59-30a604cab1fa ](https://preview.redd.it/4yz34d7o7ni81.png?width=1065&format=png&auto=webp&s=81408c8626d6a1a78730c9dac93c00500b708bbd) + +[https:\/\/www.msci.com\/documents\/10199\/75637607-5053-4a11-bc59-30a604cab1fa ](https://preview.redd.it/uifvyf7o7ni81.png?width=1052&format=png&auto=webp&s=493d665bc579b660e30ea2b2d6bbb9020b447a9a) + +[https:\/\/www.msci.com\/documents\/10199\/75637607-5053-4a11-bc59-30a604cab1fa ](https://preview.redd.it/88qheg7o7ni81.png?width=1087&format=png&auto=webp&s=764ba64ea9b3e4bdb2e88d22cc83a7a7d4e455b6) + +&#x200B; + +https://preview.redd.it/ube8l9h29ni81.png?width=1435&format=png&auto=webp&s=0012e434f791a2de8e64381afc2ea02c07d6dc12 + +The below screenshots show the allocation of funds within the MSCI Kokusai Index. + +https://preview.redd.it/egmgqbk6bni81.png?width=1109&format=png&auto=webp&s=d7c442e8e30bb8e1f56b76dbd547d86620b73060 + +https://preview.redd.it/70w92sj6bni81.png?width=826&format=png&auto=webp&s=d24024ac69f18022b2fb996543ae2d216a88dc03 + +https://preview.redd.it/1lrwxuj6bni81.png?width=816&format=png&auto=webp&s=830e519cf4437a22c06c716fb933e573fa9cf117 + +# HOL' UP! Wayment!!! + +**Edit 1**: So, I hate unfinished things, so I resume the search, and while I did not find the entirety of the **$3.7B**, I *do* believe I have found something.. + +So, I did an internet search for $3B sales in the last month, and came across this [article](https://www.bloomberg.com/news/articles/2022-02-02/carlyle-buys-istar-s-net-lease-business-valued-at-3-billion). + +&#x200B; + +https://preview.redd.it/m6uoja30kpi81.png?width=1011&format=png&auto=webp&s=ab30ed056f34564ec1948eec0eebd72dad791d09 + +I almost blew it off, because I didnt see mention of Blackrock, but that "**i**Star" jumped out at me. iStar..iShares... seemed a little too coincidental for me, so I kept looking. + +I then searched for iStar and BlackRock, and came across [this](https://fintel.io/news/blackrock-inc-increases-ownership-in-star-istar-inc-0.7017252053959983). + +&#x200B; + +[https:\/\/fintel.io\/news\/blackrock-inc-increases-ownership-in-star-istar-inc-0.7017252053959983 ](https://preview.redd.it/t362w55ukpi81.png?width=1065&format=png&auto=webp&s=1355ecc5385ba8b8754eb6927c8d4e23bcc30996) + +Well lo and behold, BlackRock increases their ownership in iStar, as we see on February 2, 2020 (Fintel update)...the same day as the Bloomberg article about Carlyle buying iStar...but I'll digress on that. + +Upon looking at this Fintel update, we see \*\*BlackRock reported owning 13,421,862 shares--\*\*an increase of 148,779 from their previous position--which imputes 19% ownership. I am not really familiar with Fintel, and I have been looking through 13F's and G's, but they don't show $ amounts, only number of shares. + +So, if someone with some wrinkles wants to help... + +&#x200B; + +**EDIT 2:** + +Upon Digging Further, we see that + +"*iStar Inc. (NYSE: STAR) is focused on reinventing the ground lease sector, unlocking value for real estate owners throughout the country by providing modern, more efficient ground leases on all types of properties.* + +*As the founder, investment manager and largest shareholder of Safehold Inc. (NYSE: SAFE), the first publicly traded company to focus on modern ground leases, iStar is helping create a logical new approach to the way real estate is owned, and continues to use its historic strengths in finance and net lease to expand this unique platform*", per [Yahoo Finance](https://finance.yahoo.com/quote/STAR/profile). + +As we can see on iSTar's [website](https://www.istar.com/our-businesses/safehold/), + +"*Real estate is one of the largest capital markets with an estimated* ***$7 trillion*** *of institutional-quality assets in the top 30 U.S. markets. Safehold™ ground leases can provide an attractive capital solution in each of these markets and become part of the capital structure across almost all property types*." + +[https:\/\/www.istar.com\/our-businesses\/safehold\/ ](https://preview.redd.it/uownvucovpi81.png?width=795&format=png&auto=webp&s=c78729c2b44a8162befc5fcdf7eab79bb746dd64) + +So, did BlackRock buy iStar, which founded Safehold, because they have some huge plans for real estate?? + +This plot is thickening. + +&#x200B; +41 year old male, married, with 3 kids. Started my own brokerage account and looking to invest heavily for the next 10-15 year until I can retire or atleast knock back to a low commitment part time occupation. Looking for advice such as growth, dividend, index fund, etf, crypto, what the hell do I invest in that is safe and will generate positive returns? Looking for all types of strategies. 4-5K per month to invest. +Hey guys I'm looking to find some future friendly tech focused ETFs to park some of my savings for retirement. + +I'm comfortable with moderate-high risk if there's true growth potential. + +What I find attractive is an ETF comprised of companies representing the top quartile of their respective markets. + +Are any good ones that come to mind? + +Edit: thanks for all the replies! Lots of tickers I wasn't aware of so this has been a real learning experience! +My 401k has really terrible options. There's a bunch of niche garbage funds, and three gems: VOO, VXF, and VXUS. (I'm listing the tickers for the ETF versions of the funds instead of the actual fund names themselves.) + +What's a good breakdown for dividing up my contributions between these three? VOO is essentially SP500, VXF is everything in the US market outside of VOO, and VXUS is total international market excluding US. + +I was thinking something like: + +* 60% VOO +* 20% VXF +* 20% VXUS + +Does anyone have advice on a better division of these three ETFs for retirement savings? +Maybe COVID, becoming a parent or sudden awareness of my own mortality has brought this on, but I find myself focusing on how to free up more time. + +Previously I would have considered paying for a cleaner to be an extravagance, but now I'm absolutely going to pay for it. It may be one of the first things to be cut down on if things get tighter, but for now that extra couple of hours are worth far more to me. + +What other things do you pay for to save yourself time? +All I seem to read on this sub is how each rate rise increase (regardless of whether it is 0.5 or 0.25%) isn't high enough, that the RBA is run by a pack of Monkeys that have no idea what they are doing and their decisions are having no impact on inflation data. + +Perhaps I'm the crazy one on the bus here but I for one have definitely felt the impact of the rate rises. I settled on my property in June and since have had my repayments increase by close to $1000 a month which is really stretching the budget thin. Now don't get me wrong, I'll get by but I am definitely feeling the hurt and am praying for the day that it stops. + +Seems like everybody here wants to keep going higher which begs me the question, are you actually in the direct firing line or are you either + +a) Renting + +b) On a long term Fixed Interest Rate + +In which case I'd argue that you could not effectively comment on what the increases are doing because it actually isn't changing your life in the slightest. Sure you can still have your opinion on what you want to happen but just feels like 90% of this sub wants rates to hit bloody 10% or something silly. + +Anyway, as stated above. How many of us here are genuinely impacted by the rises and what are you doing to get by? +We've had Ocado deliveries for a year or so now, previously Sainsbury's. Sorted items by 'Price per' and then from reviews after that (I.e if its cheap that's great but with a bunch of 1 star reviews we'd try the next one). We tried to keep our weekly spend under £100 but lately that has definitely become more difficult so we were considering a change anyway. Ocado's recent poor delivery performance for the past 3 weeks though including only receiving half of our latest shop necessitated us having to go to our local Lidl to get the rest (couldn't wait until the next day - baby food, nappies etc). + +Whilst out my wife realised she could easily now go herself every Wednesday due to a recent shift change. So she went yesterday and in the evening I compared the receipt with the same items we would have got from Ocado. Same weights or as near as possible. The occado shop came to £105, the Lidl... + +£75. + +Edit: Thanks for the schooling in sarcasm in typically British fashion. Maybe I should have written into the original post that I knew it was going to be cheaper before we went. I wasn't expecting 30% though, that's the point. Also for comparison's sake for others. + +Edit: Quite a few have mentioned or asked about quality. We bought a chorizo ring, minute steaks, salmon fillets, various fruits and veggies. All of which actually seem fine and comparable to the Ocado stuff. I'm wondering whether it's because with Ocado we tended to go for the cheaper items anyway. We rarely splashed out on more expensive things unless there was a reason for it. I've heard people speak of the poor fruit and veg quality/life from Lidl but it's too early to say as we only went yesterday. We never found anything special about Ocado's though. The best I've seen was visiting an M&S food hall and their fruit and veg was far better. +I'll be moving into my newly purchased unit in the next month and hoping people can share experiences on which appliances are or aren't worth buying to fill out my place, esp as this can quickly turn into a costly exercise buying unreliable stuff that needs replacing quickly. + +I hear mixed things on Samsung and LG appliances (shame as I get a nice discount at Samsung) but if anyone had any thoughts on good value for money or brands to avoid, it would be super appreciated . +As the title says. Sorry if this is the wrong subreddit. I've never been in an accident before, so I'm not entirely sure how all of this works. + +Got rear ended by a company vehicle, other driver definitely at fault. Driver of the vehicle (not the company owner) has been stringing me along about getting me insurance information. My insurance calls me this morning and verified that the vehicle is in the company's name but doesn't have any insurance on it. My insurance tells me I can have my vehicle repaired w/ my uninsured coverage, but I essentially have to eat my deductible. + +I do have the name and phone number of the guy that hit me. I also have the company's name and owner's phone number, along with the license plate and VIN of the car that hit me. + +Do I have any options here? Or am I stuck? + + +Edit because it's a common comment: + +Cops were called, other driver left after the cops said they were on the way. Courtesy patrol came about 45 minutes later and said the cops weren't coming at all, and to go to the local police station. Local police station said the cop that was "assigned" to my case (because I had already called), was off for the night and to come back another day. I've gone back to the police station three separate times, and each time they said that the officer wasn't available and sent him an email requesting for him to call me. Surprising to no one, he still hasn't called me. I plan to go again Monday but I'm not expecting any new results. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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Check the main page for the sticky post and vote now! + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +This is a controversial topic, because quite a few people still stick to the conventional wisdom that you don’t want to “spoil” your kids and make them ungrateful, and they need to go out and “build character” and fend for themselves. + +And for what it’s worth I agree to an extent. Handing your kid a paid off house and a trust fund isn’t necessarily what I’m advocating for. + +But I also do think that some of the older generations are a little out of touch with how different things are now. Sorry, boomers, just getting any white collar job isn’t guaranteed to be enough to afford a nice SFH in your 20s before you get married. Not anymore. + +Suffering is part and parcel of life — but one thing that’s interesting is that Buddhists, who embrace suffering probably more than any other group I can think of, also differentiate between the natural suffering of life and suffering for no good reason. At least that’s how I read their literature — I am not an expert. + +Personally, I want my children to have — as I’ve heard it put — “enough money to do anything, but not enough to do nothing”. Now “anything” might be a bit hyperbolic, but point being, if we get down to brass tacks and get more specific with it, I’d like to have enough money so that: + +- my kids don’t graduate college saddled with debt + +- my kids don’t have to struggle well into their 30s to afford a down payment for a home + +- my kids don’t have to delay having their own children due only to financial reasons + +And thus one of my motivations for FIRE is to build enough wealth that my children won’t have to question whether or not an education is worth it because it is expensive, or question whether or not they can afford to live in a safe neighborhood. Am I making sense here? +I know, I know...before I get a bunch of people telling me there are so many considerations that impact this. + +Just want a quick gut check. + +Looking at buying a house, realtor has it listed at 349,900. We aren’t using a buyers agent, so saves the seller 3%. Thinking about offering 325k with 7,500 in seller paid closing costs. Think this is too low and will offend? The house was built in 2006 and has original roof, appliances, HVAC etc. + +Thanks in advance and I will wear my helmet when reading these comments lol + +EDIT: House has been on the market for only 3 days lol I know! + + +2ND Edit: To all the HATERS on here. Selling agent just responded and seller accepted terms, selling agent renegotiated their contract with seller and brought their commission down to 3%. All the agents on here saying this isn’t how this works and YADADADA HAHAHAHAHAHA SOOOO WRONG. You agents are not helping your case to disprove that many of you are just like a scummy used car salesman with a license + +3rd edit: some people are pretty interested in this. We just started a subreddit called r/noagents to discuss this topic in more depth. Let’s all talk and compare +I have several office buildings with multiple tenant types. These are multi suite office buildings. Several renters affected by covid 19 lockdown can not operate their business and have notified me that they won’t be able to pay for April. Some are month to month tenants, however some have longer term leases. The month to month tenants are all in the salon/massage industry and as such cannot work. They have offered to move out but I am not going to get any new tenants at this time even if they move out. My thinking is just to let them keep the space and see how things are next month. So far I have confirmed I will not receive close to $6000 on April 1 that I would have otherwise. + +I am going to be talking to my bank to see if there is any way to get a forbearance. Does anyone else have any suggestions on what else I can do at this time? Is there anything in the stimulus that can help? +"Savers under age 59½ would be able to tap their 401(k) and 403(b) money without the usual 10% early withdrawal penalty. This would also apply to individual retirement accounts." + +"Normally, if you were to take money from your retirement plan, you would be subject to a 10% penalty if you’re under age 59½, along with income taxes on the amount you’re withdrawing. + +The relief bill gives you the opportunity to pay the taxes over the course of three years. You can also replenish the amount that you pulled from your retirement account over that time. + +These distributions may be taken by people who themselves are diagnosed with coronavirus, or whose spouse or dependent has been diagnosed with COVID-19, or who experience adverse financial consequences from being quarantined, laid off or furloughed." + +From https://www.cnbc.com/2020/03/23/congress-may-let-you-take-100000-from-your-401k.html + +Isn't this a huge opportunity for the FI/RE minded who may be in low taxable income years? Similar to doing Roth conversions from an IRA but without the 5 year waiting period before spending the converted principal? + + +GameStop decided to deliver shares dividend also to fractional shares… which is not common and is expensive for the company…. My theory in that is simple…. +There is 2 Finra rules regarding fractional shares that is interesting for us +1: they have to be reported on the ADF/OTC trades rolled at the unit: example: 0.6 share will be reported as one share + +2: a fractional share sold short , should not be reported in the short reporting to Finra so exempt of rule reg SHO + +Ok now you start to see the picture…. So if you sold a fractional share you can decide to add it on a voluntary basis on an exchange (as it is still Odd lot so not obligation) as 1 share and create a sell pressure but not on the short position reporting as it is a fractional share. … + +Many people shared the monthly database of OTC trade but without highlighting one important point. If you check for GME monthly you will see that RObinddds and Weboullll have both in their volume almost 99.99% of every trade being 1 share. Which is almost impossible … some days it is 100% Basically for example you will see 75442 trades for 75441 shares sold (volume) + +Probably what they are currently being investigated about right now…. + +My guess those two brokers were converting their orders in fractions to be used by HF/MM to short. If you look at the daily orders of London exchange you can clearly see that all US orders are fractional…. + +RC wanted to expose those hidden shorts by requesting to deliver dividend to them…. You add also the fact that odd Lot ( order less then 100 shares) should not be reported in the SIP = tape by rule NMS , (the CATS system was supposed to avoid that but reported to 2023 ) they are no way to find out what transactions have been made and at what price for those unique shares…. + +Here’s the rule: + +Q7. How should a firm reflect fractional shares in its short-interest reports? + +A7. If a firm has a fractional short-interest position (e.g., 125.6 shares), it should truncate the position to reflect a whole number when reporting such positions to FINRA pursuant to FINRA Rule 4560, instead of rounding the position up or down. For example, firms should report short-interest of 125.6 shares in XYZ as 125 shares. + +https://www.finra.org/rules-guidance/notices/12-38 + +Last but not least…. Dear Apes, the odd lots ( order inferior of 100 shares) which are the majority of retail orders…. Doesn’t count for the NBBO calcul…..! (= on the price discovery) that’s explain the ratio of Fidelity sometimes of 90% buy and a red day. Only the round lots (=100 shares and more orders) are accounted to calcul the price of a stock + +Read this article very useful and the quote: + +It’s mostly the Securities Information Processors (SIPs) that discern between round and odd lots, only including round lot quotes into the public NBBO + +https://www.nasdaq.com/articles/odd-facts-about-odd-lots-2021-04-22 + +https://www.globenewswire.com/en/news-release/2022/03/28/2411062/0/en/SIP-Operating-Committees-Seek-Comment-on-Proposal-to-Add-Odd-Lot-Quotes-to-Current-SIP-Data-Feeds.html + +Those odd lots are in white for those using Webull … so they are written for one day but then disappear as no record on the tape … for LIT or OTC market !! + +Many DD were written about the Odd Lots but all downvoted to hell….. + +Odd lots currently represent 54.8% of all trades in the U.S. financial markets, up from 43% at the beginning of 2020. During the initial pandemic-related volatility in March 2020, odd lot executed share volume spiked to almost one billion shares per day, as illustrated in the chart below. Odd lot executed share volume reached its peak during the ‘meme’ stock phenomenon observed in early 2021. While odd lot average daily executed share volume has decreased about 22% from the highs reached in February and March, their percentage of trades continues to increase, and overall share volume remains higher than the prior year. + + + +https://www.cboe.com/insights/posts/an-in-depth-view-into-odd-lots/ + +I suggest you to read this analyse for Odd lot from a university they used GameStop as example. + +A part of the doc: + +GameStop, on January 27, 2021 there were 232,967 odd lot trades that met the foregoing definition of a non-exchange retail trade. Of these, 107,940 (46%) would have received better pricing had the trade been filled at the Nasdaq OL NBBO. These 107,940 trades consisted of 29,222 marketable sell orders that would have received approximately $84,039 more in proceeds had the trade been filled at the OL best bid, and 78,718 marketable buy orders that would have saved approximately $122,237 had the trade been filled at the OL best offer. The aggregate price improvement for all 232,967 trades was $238 based on the Reg NMS NBBO; however, using the OL NBBO as the relevant benchmark, these trades collectively received price dis- improvement of approximately -$206,0000. + +https://journals.library.columbia.edu/index.php/CBLR/article/download/8632/4406 + +Now I am out! + + +Edit: good catch in this comment + +https://www.reddit.com/r/Superstonk/comments/wggwnj/why_gme_offered_dividend_to_fractional_shares/ij2l99f/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3 + + +GameStop decided to deliver shares dividend also to fractional shares… which is not common and is expensive for the company…. My theory in that is simple…. +There is 2 Finra rules regarding fractional shares that is interesting for us +1: they have to be reported on the ADF/OTC trades rolled at the unit: example: 0.6 share will be reported as one share + +2: a fractional share sold short , should not be reported in the short reporting to Finra so exempt of rule reg SHO + +Ok now you start to see the picture…. So if you sold a fractional share you can decide to add it on a voluntary basis on an exchange (as it is still Odd lot so not obligation) as 1 share and create a sell pressure but not on the short position reporting as it is a fractional share. … + +Many people shared the monthly database of OTC trade but without highlighting one important point. If you check for GME monthly you will see that RObinddds and Weboullll have both in their volume almost 99.99% of every trade being 1 share. Which is almost impossible … some days it is 100% Basically for example you will see 75442 trades for 75441 shares sold (volume) + +Probably what they are currently being investigated about right now…. + +My guess those two brokers were converting their orders in fractions to be used by HF/MM to short. If you look at the daily orders of London exchange you can clearly see that all US orders are fractional…. + +RC wanted to expose those hidden shorts by requesting to deliver dividend to them…. You add also the fact that odd Lot ( order less then 100 shares) should not be reported in the SIP = tape by rule NMS , (the CATS system was supposed to avoid that but reported to 2023 ) they are no way to find out what transactions have been made and at what price for those unique shares…. + +Here’s the rule: + +Q7. How should a firm reflect fractional shares in its short-interest reports? + +A7. If a firm has a fractional short-interest position (e.g., 125.6 shares), it should truncate the position to reflect a whole number when reporting such positions to FINRA pursuant to FINRA Rule 4560, instead of rounding the position up or down. For example, firms should report short-interest of 125.6 shares in XYZ as 125 shares. + +https://www.finra.org/rules-guidance/notices/12-38 + +Last but not least…. Dear Apes, the odd lots ( order inferior of 100 shares) which are the majority of retail orders…. Doesn’t count for the NBBO calcul…..! (= on the price discovery) that’s explain the ratio of Fidelity sometimes of 90% buy and a red day. Only the round lots (=100 shares and more orders) are accounted to calcul the price of a stock + +Read this article very useful and the quote: + +It’s mostly the Securities Information Processors (SIPs) that discern between round and odd lots, only including round lot quotes into the public NBBO + +https://www.nasdaq.com/articles/odd-facts-about-odd-lots-2021-04-22 + +https://www.globenewswire.com/en/news-release/2022/03/28/2411062/0/en/SIP-Operating-Committees-Seek-Comment-on-Proposal-to-Add-Odd-Lot-Quotes-to-Current-SIP-Data-Feeds.html + +Those odd lots are in white for those using Webull … so they are written for one day but then disappear as no record on the tape … for LIT or OTC market !! + +Many DD were written about the Odd Lots but all downvoted to hell….. + +Odd lots currently represent 54.8% of all trades in the U.S. financial markets, up from 43% at the beginning of 2020. During the initial pandemic-related volatility in March 2020, odd lot executed share volume spiked to almost one billion shares per day, as illustrated in the chart below. Odd lot executed share volume reached its peak during the ‘meme’ stock phenomenon observed in early 2021. While odd lot average daily executed share volume has decreased about 22% from the highs reached in February and March, their percentage of trades continues to increase, and overall share volume remains higher than the prior year. + + + +https://www.cboe.com/insights/posts/an-in-depth-view-into-odd-lots/ + +I suggest you to read this analyse for Odd lot from a university they used GameStop as example. + +A part of the doc: + +GameStop, on January 27, 2021 there were 232,967 odd lot trades that met the foregoing definition of a non-exchange retail trade. Of these, 107,940 (46%) would have received better pricing had the trade been filled at the Nasdaq OL NBBO. These 107,940 trades consisted of 29,222 marketable sell orders that would have received approximately $84,039 more in proceeds had the trade been filled at the OL best bid, and 78,718 marketable buy orders that would have saved approximately $122,237 had the trade been filled at the OL best offer. The aggregate price improvement for all 232,967 trades was $238 based on the Reg NMS NBBO; however, using the OL NBBO as the relevant benchmark, these trades collectively received price dis- improvement of approximately -$206,0000. + +https://journals.library.columbia.edu/index.php/CBLR/article/download/8632/4406 + +Now I am out! + + +Edit: good catch in this comment + +https://www.reddit.com/r/Superstonk/comments/wggwnj/why_gme_offered_dividend_to_fractional_shares/ij2l99f/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3 +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! + +Conceptually, this is a little ill-defined, so bear with me... + +Right now, we live in a VHCOL area with a ton of traffic that also has winters that are a bit too cold for me. It's DC area... + +We're planning on retiring around 50 in less than five years, so over 55 communities are non-starters (for multiple reasons). + +This isn't a money issue...while I'm not planning on buying a vineyard, I'm also not planning on down-sizing below 2000 sq ft, minimum (which goes for 500k min where I am now). We're currently in 4200 sq ft, which is a bit too much space for our needs, but the house design is great (awesome kitchen, which is great for me). + +I've been goofing around building a Google Earth overlay that distance rings around major airports to indicate ease of access. Another layer has all the colleges and universities, another major hospitals. I'm still working on adding a county-level life-expectancy (which is a pretty good indicator of medical access and quality). + +I've been bouncing around the idea that this will identify regions that will offer ease of travel, cultural opportunities, volunteer opportunities, and won't have me dying of something if only emergency services had gotten to me thirty minutes earlier. It would also be great if I could have a year-round private pool (but not a deal breaker). + +The thing is, even when I get to the regional level, I'm still a little lost for narrowing things down. + +I've asked friends and colleagues how they would (or have) approached this, and the answer usually comes down to a few "answers": + +* Use a realtor and/or Zillow/Redfin...(like, duh, but you still have to know where you want to look) + +* "I'm moving to X location...it's always been my dream to live there!" (Yeah, I don't really feel that one way or the other) + +* Read whatever websites or magazines put in their "Best Places to Retire" articles. + +* Watch a lot of HGTV and wait for something to pique your interest. + +So, long-story slightly shorter... + +* What are your recommendations (books, sites, whatever) for identifying places to retire? + +* Do you have an resources for developing a checklist for what I'm looking for (in some senses, I'm not sure if my priorities are significant or if I'm even asking the right questions a la my Google Earth project)? + +* Are there people you can hire to help you with this? What are they called? + +Thank you for attending my terrible TED Talk... +I’m curious for those who left full time employment before buying property, did you have trouble getting a mortgage at a competitive rate even if you presumably can show you have the assets to pay for it? +Appears to be a continuation from yesterday's tweets which caused a 5% drop in TSLA. + +https://www.cnbc.com/2019/02/26/elon-musk-lashes-out-something-is-broken-with-sec-oversight.html +Obviously MSFT should be one of the replacements, so who gets the other spot? NVDA seems like a solid candidate, giving us an aesthetically pleasing MANGA index. Who would you consider in the elite ring of big tech and why? +Oftentimes because of how exposed I am to ethereum and cryptocurrencies I believe that adoption is much wider spread than it actually is. + +Today I had my first computer science course and the professor asked us all what we hoped to gain out of this course and writing down everything that was said, when he got to me I said that I was hoping to better understand how blockchain technology, like ethereum and bitcoin, works. He had a blank expression on his face and said, "well, good luck with that" and wrote down "understanding black chain technology" on his board. + +The fact that a computer science professor knows nothing about this is strange to me as I figured we were at the point where mainstream knowledge of blockchain was at least starting, and especially with proffesionals in the field. +*“When the rich rob the poor, it’s called business. When the poor fight back, it’s called violence.” – The Apocryphal Twain* + +Update: BANNED on WSB for posting this because it didn't relate to stocks. Cue eyeroll. + +\--- + +**Yes, there is a US company with assets of $63 trillion that you haven't heard about.** That's a problem. And it's time this company that's relevant to the $GME scandal testify to Congress. The People demand to know if the system is working fairly for all. + +**Their name:** The Depository Trust & Clearing Corporation. *See* [*https://www.dtcc.com/annuals/2019/financial-performance*](https://www.dtcc.com/annuals/2019/financial-performance). **They claim the "\[t\]otal value of active issues held at DTCC" in 2019 is $63 trillion.** Simply put, they hold your stocks. That year, they settled $120.80 trillion in securities transactions alone. + +**What do they do**: Not much - other than **settle almost every securities transaction in the United States.** In an SEC Sample Offering Document, DTCC claims themselves to be "the world's largest securities depository." *See* [*https://www.sec.gov/Archives/edgar/data/1450922/000093041309002195/c55995\_ex10-3.htm*](https://www.sec.gov/Archives/edgar/data/1450922/000093041309002195/c55995_ex10-3.htm). + +**Why DTCC matters**: Robinhood relies on their subsidiary, the National Securities Clearing Corporation ("NSCC"), to help clear their trades. *See* [https://fortune.com/2021/02/02/robinhood-gamestop-restricted-trading-meme-stocks-gme-amc-vlad-tenev-nscc/](https://fortune.com/2021/02/02/robinhood-gamestop-restricted-trading-meme-stocks-gme-amc-vlad-tenev-nscc/). Here's a good explanation of what they do: [https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/depository-trust-and-clearing-corporation-dtcc/](https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/depository-trust-and-clearing-corporation-dtcc/). + +In a document on the US Treasury's website, it states the DTCC's shareholders are many banks: + +"DTCC is a holding company of DTC, FICC and NSCC, which are independent legal subsidiaries. There is a single governance structure for the three clearing agencies. DTCC governance arrangements are available publicly and updated on a yearly basis (last update October 2009). **DTCC common shareholders include approximately 362 banks, brokerdealers, mutual funds and other companies in the financial services industry participating in one or more of DTCC’s clearing agency subsidiaries, including NSCC."** *See* [https://www.treasury.gov/resource-center/international/standards-codes/Documents/FSAP\_DAR\_Settlements\_NSCC\_Final\_5%2011%2010.pdf](https://www.treasury.gov/resource-center/international/standards-codes/Documents/FSAP_DAR_Settlements_NSCC_Final_5%2011%2010.pdf). + +Let's get this straight, the shareholders of DTCC are the banks? They govern a $63 trillion company (in terms of asset worth, not valuation (come on, people, I know the difference)), by which its subsidiary inadvertently halted meme stock trading on? **How is this not a conflict of interest to the integrity of the free markets?** + +To be clear, I don't know who these banks are. Can't find them. That seems *interesting*. One internet article claims "DTCC’s user-owners include: Citigroup, BNP Paribas, JP Morgan, State Street, UBS, Goldman Sachs, Morgan Stanley, Virtu, Barclays . . . Mellon, Bank of America." *See* [https://netinterest.substack.com/p/wtf-is-dtcc-the-story-of-clearing](https://netinterest.substack.com/p/wtf-is-dtcc-the-story-of-clearing). I couldn't verify this. + +Better yet, read this email by Murray Pozmanter, the Managing Director - Head of Clearing Agency Services and Global Operations at DTCC, dated Feb. 1, 2019. First, he states that "DTCC is the parent company and operator of the U.S. cash market securities CCPs, National Securities Clearing Corporation (“NSCC”)." Yes, the NSSC that runs Robinhood's clearing work. Second, he states that "**The DTCC common shareholders include hundreds of banks, broker dealers, and other companies in the financial services industry that are participants of one or more of DTCC’s SIFMU subsidiaries, and the DTCC board is currently composed of 19 participant and non-participant directors.** Importantly, our ownership structure also ensures that we direct our primary focus toward addressing industry needs and preserving market stability, which is especially critical during times of crisis." *See* [https://www.fsb.org/wp-content/uploads/DTCC-4.pdf](https://www.fsb.org/wp-content/uploads/DTCC-4.pdf). + +**It just gets worse.** Back in the late 2000's, DTCC was sued for facilitating naked short selling. *See* [https://www.wsj.com/articles/SB118359867562957720](https://www.wsj.com/articles/SB118359867562957720). *Does this, uh, sound familiar?* + +DTCC vigorously defended themselves during the lawsuit, arguing they had no role in the naked short selling issue. There appears to be an archived article stating DTCC's response to the accusation back in 2007: + +"As DTCC has explained, short-selling and naked short selling are trading strategies.  These trading activities are regulated and policed by the marketplaces/exchanges, the self-regulatory organizations and the SEC.  **DTCC is involved in post-trade processing, which occurs after a trade is completed.  DTCC has no regulatory authority over trading activity or to release information related to trading activity.  In fact, as we told the WSJ reporters, we have no power to force the closing of an open fail, no matter what the cause, and we do not have the authority to force a buy-in**." + +They also stated that: "**Freedom to trade is a cornerstone of our equity markets and a fundamental principle in the regulatory schemes that govern the markets**.  The SEC has flatly rejected the argument that there are such things as phantom shares or credits being created in the market." *See* [*https://web.archive.org/web/20090302054831/http://www.dtcc.com/news/press/releases/2007/wsj\_response.php?lpos=3&lid=3*](https://web.archive.org/web/20090302054831/http://www.dtcc.com/news/press/releases/2007/wsj_response.php?lpos=3&lid=3). Boy, would I love the freedom to buy a stock I want, even if Hedge Funds mess up and nakedly over-short a position during a squeeze! + +The SEC also notes that the DTCC has a surprising amount of power to halt trading on a security for operational/transfer issues of a stock or fraud called "chills" or "freezes." *See* [https://www.sec.gov/oiea/investor-alerts-bulletins/ib\_dtcfreezes.html](https://www.sec.gov/oiea/investor-alerts-bulletins/ib_dtcfreezes.html). *But does this include jacking up capital requirements for overly-shorted stocks without any public notice and explanation behind the billion dollar deposit?* + +**Let's also get this straight**: back in 2007 they claimed to have no authority in **pre-trading**. Only post. So what the hell happened this month with NSSC and Robinhood then? Congress, are you listening?   + +**Why this matters**: Recently, Robinhood's CEO Vlad spoke with Elon Musk on Clubhouse, an app where Musk interviews guests. It gets interesting when Musk questions Vlad about the decisions of the NSSC, the DTCC subsidiary, to post $3 billion of capital at 3 a.m. in the morning during the meme stock trading frenzy. I'll put down the most relevant parts of the conversation here: + +8:55 (Musk): Who controls those organizations, those clearing houses? + +9:02 (Vlad): \[Awkward pause\] Um . . . you know . . . it's a consortium. It's not quite a government agency. You know . . . **I don't really know the details of all that.** + +9:15 (Musk): OK . . . + +9:16 (Vlad): But, you know, and to be fair, we were . . . we were . . . uh . . . I think there was legitimate sort of turmoil in the markets. Like these are events with these meme stocks and there was a lot of activity, so there probably is some amount of extra risk in the system that warrants higher requirements so it's not entirely unreasonable." + +**\*\*Now square this with Vlad's earlier comments during the interview:\*\*** + +4:02 (Vlad): The request was around $3 billion dollars. Um, which is, an order of magnitude of what it typically is. Right so, um. + +4:17 (Musk): This seems like this sounds like an unprecedented increase in the demand for capital. **What formula did they use to calculate that?** + +4:25 (Vlad): Well, um, yeah, just to give context Robinhood up until that point has raised, uh, you know a little bit around $2 billion in total venture capital up until now. So, it's a big number. Like $2 billion dollars is a large number right. **So, um, basically, the, and, you know, and I, the details are, we don't have the full details**, it's a little bit of an opaque formula but there's a component called the "VAR" of it, which is "Value at Risk" and, um, that's based on some fairly quantitative things although it's not fully transparent, but it's not kind of publicly shared. So, uh, there are ways to reverse engineer it but it's not kind of publicly shared. **And then there's a special component that's discretionary and that kind of acts like a multiplier.** And, um, basically . . . + +5:24 (Musk): Discretionary, like meaning it is just their **opinion**. + +5:29 (Vlad): **Yeah**, there, uh, it's a little bit, I mean I'm sure there's something definitely more than just their opinion. + +The full interview is available on YouTube. Search: "Elon Musk Grills Robinhood CEO Vlad Full Interview on Clubhouse." Can't post the link. + +**\*\*Breakdown:\*\*** + +Vlad is asked by this "consortium" to post $3 billion, 150% of Robinhood's entire venture capital amount, at three in the morning, or presumably, trading will not be cleared. However, Vlad doesn't "really know the details" of this "consortium," but decides it's a good idea to deposit over a billion dollars in capital anyway. Moreover, this so called "consortium" apparently by contract can demand whatever they want to. I guess every reasonable CEO posts almost a billion dollars when asked by a group of people he doesn't really know too much about (around $700 million to be exact). + +Further, this "discretionary" posting requirement is completely absent in Robinhood's explanation to clients: + +"**How do clearinghouses determine how much is required?** + +It’s pretty technical, but the process basically works as follows: clearinghouses look at a firm’s customer holdings as a portfolio. They use a volatility multiplier, looking at specific stocks, to quantify their risk." *See* [https://blog.robinhood.com/news/2021/1/29/what-happened-this-week](https://blog.robinhood.com/news/2021/1/29/what-happened-this-week). + +I mean, man, is it really "technical" if the capital requirement can also be an "opinion," that is, discretionary? That was conveniently *left out*. + +**TLDR/ The Rub:** What is Big Money? It's $63 fucking trillion dollars. The point here is not to peddle some unsupported conspiracy. The point is to expose an apparent *conflict of interest* and demand those in charge of our markets to reestablish public confidence. If you're going to take away the People's literal "buy button," the People better have a right to know why. **Don't pull a fast one on the working people at 3 a.m. in the morning.** + +Edit: Some of you smooth brained folks actually think I’m saying this company is valued at $63T. READ the post. Oh wait. :) (I was getting insane, unnecessary trash talk on WSB) +*The Jungle Beat will be posted at 4:20 pm NYSE time every trading day!* + +https://preview.redd.it/4l73al7wt1871.png?width=1426&format=png&auto=webp&s=2a810afb3f1ea3601932c323ac9e1e4684e8312e + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap 📈 + +# $GME Closing Price: $213.25 + +&#x200B; + +Open Price: $211.25 + +Daily High: $224.45 + +Daily Low: $210.20 + +Volume: 4.75 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +**NEW!!** We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!! + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Gamestop is Officially on the Russell 1000 Index + +&#x200B; + +[credit u\/Edawg661](https://preview.redd.it/pepdof9de2871.png?width=828&format=png&auto=webp&s=570720c11ae84ec6aefb86dd7ddda6c7e3efd8eb) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚫No Brigading🚫 + +&#x200B; + +As you have probably seen by now, there have been reports to reddit admins that Superstonk users have **allegedly** been brigading other subs. u/redchessqueen99 [wrote a post here that addresses the issue](https://www.reddit.com/r/Superstonk/comments/o80eky/no_brigading/) **(THIS IS REQUIRED READING)**, but I want to get into this. If we're going to be accused of something, let's look at facts. + +&#x200B; + +We know there are popular users ("influencers") in stock/finance subreddits that have been paid by companies to promote certain tickers and write/post DD. How do we know that? + +&#x200B; + +[**Because you have apes like me who blew their diamond whistle instead of taking the check.**](https://www.reddit.com/r/Superstonk/comments/ms6yvq/blowing_my_diamond_whistle_as_a_highly_visible/) + +&#x200B; + +https://preview.redd.it/j5ksbue4b2871.png?width=1078&format=png&auto=webp&s=c44c58abaff4e4420823bd97827930e3025ccd50 + +Wait, so there's **PROOF** that there are **PAID SHILLS** on **THIS VERY WEBSITE?** (reddit as a whole, I mean) + +**Yep.** + +[And when we investigated these "shill-shell" companies, we found some pretty disturbing stuff. Like the psyops manual used to train people who take jobs shilling, politicians, volunteers, etc...](https://www.reddit.com/r/Superstonk/comments/mtc4xu/buying_influence_the_pump_and_dump_scheme_preying/) + +We also know that paid shills are also sent into internet forums to bash certain stocks so as to drive down their price. We know they are sent to communities like ours bash a stock to the long positions in the community. This activity is as old as the internet chat room (a/s/l? :P). + +So, duh, we know shills are a thing. Mods and members alike have been experiencing the harassment these paid bad actors use to attack us with their psyops and bullying communities like ours. And the bullying continues in other communities yet nothing is done after repeated reports. Seriously. If you could see some of the abusive wording in the mod reports on Superstonk posts, presumably from trolling shills, as well as the harassing DMs and posts directed at single users on other subs (myself included), you would see what a psychological battle this has become for us all. $&\*@#!&%\^! I JUST LIKE THE STOCK! + +So now I present the possibility here... we know we have been dealing with shills for months in these forums. So much so, that we've had to develop special AI software, SATORI, to help combat this epic problem. *Would it be so crazy to assume that we have shills going into other communities and pretending to be members of Superstonk, spreading negative sentiment?* Who knows. But Satori is now actively finding out for us. We should get the data soon. + +&#x200B; + +![img](qpld9231b2871 " +") + +This isn't a normal community. We are disproportionately targeted because of our unique popularity in the scope of reddit, yet here we stand tall. Remaining vigilant in our DD and excellent to each other. There is no evidence presented to us yet of any posts on this subreddit condoning brigading (we have requested from multiple sources), but we will continue to investigate. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# New Karma and Age Requirements, Cross-Posting and Mention Bans, and more + +Given the level of fire we are under at this time, and to combat the issue of alleged brigading, the only alternative to completely going dark (which won't happen), is to up the automod age requirements to comment and post. + +**Satori is still approving users, regardless of age and karma, everyday. And if you have already been approved by Satori, these new rules will not affect you!!!** + +This is mainly to keep shill accounts out. And it has proven effective in the past. We prefer to stay defensive rather than offensive, and don't feel it's a moment too early to be raising these requirements to protect the sub. The issue has also brought the need to ban crossposting as well as many new words being added to automod (the ones that pertain to other subs). + +Oh, and... In case you missed it, we also had some code forcibly added to our automod code by reddit admin: + +![img](6uhvmvrmc2871 " +") + +So no more links to other communities or call outs of other communites. 🤷‍♀️ + +The mod team appreciates you understanding that we are doing what we have to do to keep this community safe. + +&#x200B; + +I know some interns that are going to be out of a job this summer...... + +https://preview.redd.it/ei6zsu9x52871.jpg?width=880&format=pjpg&auto=webp&s=c33ca63334a58f6daba01f5d58d08cef6fcb1d59 + +Look for more info coming soon in an upcoming update post from u/redchessqueen99 + +# YOU CAN STILL COMMENT !apeprove! TO BE ON THE LIST OF USERS FOR SATORI TO FAST TRACK TO APPROVAL STATUS! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# No More MSM GME Talky 🤐 + +&#x200B; + +Don't even get me started on the narrative that retail-reddit in particular- is somehow capable or responsible for "influencing" a stock. This is clearly MSM trying to paint a narrative. (Brigading sound familiar? More on that below) + +Looks like a couple Billion in liquid capital and a rockstar exec team isn't promising enough. Sorry, I didn't know you were supposed to show your hand in poker before the dealing is done? Is it normal business practice to expect business strategies be proactively made public? Were 2 positive QE reports not enough? Russell 1000 upgrade? No? Ok.... + +&#x200B; + +[Credit u\/apegoneinsane ](https://preview.redd.it/ds3w3rxh22871.png?width=960&format=png&auto=webp&s=ec3f06bd47de66ff596be13fa3c3f92de3edbd7c) + +# “Baird receives certain payments on retail option orders routed to Citadel Securities” 👀👀👀👀👀 + +&#x200B; + +MSM is just a propaganda machine. We've always known that. Now it's becoming more blatant, the more desperate they become. + +&#x200B; + +...Which brings me to MarketWatch. I won't link the article here because I don't want to give those MotherFUDders clicks. And I also don't want to post screenshots because that's a gray area in our NO BRIGADING rule and I'd rather play safe and set a good example here. + +It basically said that we are the new popular stock sub, but then goes on to say that we had a "flurry of anti(*that* sub) posts" and have almost half a million members. + +Ummm.... are we playing two truths and a lie?? + +Moderators here have not at any time allowed any kind of call outs to other subs in this manner. And we certainly are actively removing and potentially banning users that are guilty of these brigading posts. MSM is really trying to paint this sub with a brigading brush, but I, for one, am not buying it. + +TL:DR: Don't trust the narrative that MSM is writing right now. (As if we did before, but extra caution now is warranted.) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# A note from your friendly local Pink Cat ✌💖🐈🦄🚀 + +&#x200B; + +Today's JB probably seems a little feisty. That's because it's warranted. Building this sub has been a labor of love on everyone's part, not just the mods. This community is built by apes, for apes. We are just the groundskeepers for the think tank. You all make it shine with content. + +&#x200B; + +Having said that, we are volunteers. Every one of us. We are here because we like the stock and like the sub. And we have all endured months upon months of harassment just for that simple fact alone. Yet we endure. Because the stock and the company's future is just *that fucking awesome*. + +&#x200B; + +I/we, this whole mod team... we will not let the sub be attacked from any source if we have any say in the matter. 🦍🤝💪 + +&#x200B; + +[Shield Wall!!!!!](https://preview.redd.it/yjxjgwhaf2871.jpg?width=1324&format=pjpg&auto=webp&s=f0b896fd5b3edcc9b32a49d40ed32e9f5e7d5947) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# We Like the Company! We Support the Company! + +&#x200B; + +Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop; + +* [**Shop at Gamestop.com**](https://www.gamestop.com/) **🛒** +* [**Become a PowerUp Rewards Member**](https://www.gamestop.com/poweruprewards/) **✊** +* [**... Which gets you a subscription to Game Informer Magazine**](https://www.gameinformer.com/) **🚀** +* [**Follow Gamestop on Twitter**](https://twitter.com/GameStop) **🦍** +* [**Subscribe to Gamestop's YouTube Channel**](https://www.youtube.com/user/gamestopvideo) **🖍** +* [**Follow Gamestop on Twitch**](https://www.twitch.tv/gamestop) **🎮** +* [**Follow Gamestop on Instagram**](https://www.instagram.com/gamestop/?hl=en) **🌙** +* [**Follow Gamestop on Facebook**](https://www.facebook.com/GameStop) **🦧** +* [**Apple Devices- Download the Gamestop App**](https://apps.apple.com/us/app/gamestop/id406033647) **(Link to App Store) 🍌** +* [**Android Devices- Download the Gamestop App**](https://play.google.com/store/apps/details?id=com.gamestop.powerup) **(Link to Play Shop) 📈** +* **Brands owned by Gamestop; ThinkGeek, GameInformer,** [**MicroMania**](https://www.micromania.fr/)**, and** [**EB Games**](https://www.ebgames.ca/) **💎** + +Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Reddit down 🚨 + +# With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +https://preview.redd.it/ipiwhqxxt1871.png?width=1600&format=png&auto=webp&s=4395b8c806799ecbaffc67d4f28c0cc3bfa74017 +So they charge more on interest...but they pay more on interest. + +Bank rate goes up 50 basis points, they make LESS money on all the fixed rate mortgages out there (most are probably fixed rate) + +They make EQUAL money on variable rate mortgages. + +Even on variable rate mortgages their margin% decreases since the variable rate goes up by the amount of the bank rate increase so if their margin was .0015 on a variable rate of .02 now its .0015 on a variable rate of .025 so the margin dropped. + +&#x200B; + +Where is the benefit to bank earnings? +I love Forex trading of what I know so far that is anyway I’ve been looking for something I can get into, learn that I can earn extra money from, for a while. I’ve been doing it for 2 months now mainly following signals but placing small trades when I see patterns I recognise. + +So far it’s been a very expensive start for me due to poor money management, lack of patience, holding losing trades for too long and probably over enthusiasm. Things I know I’ll have to fix if I want to make money trading. + +Of course I still have loads to learn and I’m not saying if my money management etc was right it’d already be profitable + +What are some big things you’ve had to change about you personally to actually become profitable? + +I think the fact I attach the wins and losses to an amount in money/ value rather than pips doesn’t help me either. + +So I logged onto my Vanguard account this morning and three of my funds are down: +VG All Cap +Global Equity Fund +ESG Global All Cap (V3AM) + + +Is this the bit where we don’t sweat it, and just “diamond hands” hold? It’s the first time I’ve maxed my ISA last year (I’ve only just got back on my feet), and also in 2008, I had a £50k traded account go to £5k in two days so I’m a bit nervous right now. +I am needing to withdraw money from a previous work retirement account. Just verifying, from what I have read online, that I would need to pay a 10% penalty and then add the money I took out to my income when I do my taxes? So if I close the account and withdraw $15,000 then I would pay $1500 for the penalty and then add $15,000 to my taxable wages/income when I do my taxes. Has anyone out there done this and does it sound right or is there something else I am missing? Thank you. +My parents who are both in their 80s are on pension, super has run out. They own their own home (probs about 800K) and consistently spend over their pension now with inflation going nuts. I don't want them to miss out on the things they love doing especially going to their local cafes where they get to interact with people etc. But I can't keep paying their credit card off for them. They are susceptible to scammy people too. + +What are our options? One is to sit down with them and take over their finances, get rid of credit card, take $$ from their pension for bills and let them spend the leftover however they like. That seems a bit extreme. + +Is there a way of unlocking some of the equity in their house so that they can draw down on that without losing their pension? I would rather them have a nice time than get the inheritance. + +What sort of financial planner would I go to for this sort of stuff? + +Thank you for reading + Things have been a bit messy on BSC lately, but I found this token recently that I think shows a lot of long term promise… + +It’s got a total maximum supply of 500 million tokens, a 3% redistribution rate, and it just got listed on WhiteBit after only being around for 3 weeks. + + It’s done a 400x since launch and there have only been healthy corrections on the chart, so we have more than enough evidence to tell that the team behind it is legit and not a bunch of rugpull artists… + + Their project is centered around Virtual Reality gaming .. specifically, the team is building a Virtual Reality Casino in which their token is supposed to be used as the currency. I’ve spent a lot of time in the Discord and chatting with the community.. and this thing looks super promising… + + Definitely a long term play for me. They just got listed on WhiteBit on April 12th and have had a small price drop post listing… so it’s looking like a very VERY good entry point right now... + +Here’s the contract address if you’re interested: 0x651BfbB26455294408Aabc61a7ADF427bf149898 +My employer requires negative antigen tests to attend the workplace, but with current shortages of test kits, we’ve had to start sourcing our own. + +I’m not sure if these will be reimbursed, but if we assume they won’t be, could this be seen as a deductible expense? +It seems like everyone on this board is saying the stock market returns from 2010-2019 are unprecedented and better than any time in stock market history. This is false! The results this decade are similar to the 1980s and 1990s at best. + +1980-1989 Nominal CAGR 16.16% (10.52% Real- Inflation Adjusted) + +1990-1999 Nominal CAGR 17.27% (13.94% Real- Inflation Adjusted) + +2010-2019 Nominal CAGR 13.09% (11.12% Real Inflation Adjusted) + +Outside of the 2000-2009 period, the modern stock market does well. +Hey everyone! + +First of all, I'm not sure if it's okay to ask this hear. So if this has to be taken down I will understand it. + + +My dad recently called me about how he got a check from the government dating way back to the mid 2000's. However, it's named to both my dad and mom. + +The issue with this is that my mom never became a US citizen or resident. She was there with TPS. + +I've been living with her for almost a decade in a foreign country and she never tried to get a VISA so she can't just go there for a few days and sign the check. + +My dad's been told by various people that he can either get a vehicle from a dealership, cash it at a gas station or open a bank account in my country with the check (foreign country in Central America). + +I've told him to wait on all the option as none of us know if these methods are legal or could work. + +What's the best thing my parents could do? Does my mom/dad have to travel to get the signature? + +EDIT: The countries involved are Nicaragua (mom and I) and the United States (dad). + +EDIT 2: My dad sent me a photo of the check. It says "Pay to the order of "his name" & "mom's name"." + +The only date I can make out on it is 12/2005 and it shows "01 29 18" on the first line. + + He just recently got this mail as he came to visit us on February 1st and returned to the U.S on March 8th. He got the check on March 9th. + +UPDATE March 13th, 2018: Thanks everyone for commenting and helping us out with this, I know I posted limited information and tried to answer as many questions as possible. + +My dad told me he called the IRS and the check is valid, with an Issue Date of 01 29 18, it was most likely sent to him a few days later, but unfortunately, he left the US on Feb 1st for Nicaragua to come visit us, that's why he got this check until these days. + +He's decided he'll come to Nicaragua to open a bank account here jointly with my mom, as the bank requires both of them to be present, both signature and both fingerprints. + + + +Thank you all for the help, good day! +It seems there's a post about home ownership at least once a week. I thought I'd share my learnings one year after buying my first home. + +1. Be clear about why you're buying a home. Every large decision you have to make about home ownership should somewhat tie in to this. I can't stress this enough. Make sure the reason makes sense to you after you and your SO (if applicable) sleep over it a few times. Don't get in to home ownership because your friends or colleagues are telling you how much they love owning their home. It might not be the same for you. Again, be clear. I'd say literally write it down. + +2. If you're buying a home together with your SO (I'd imagine most might), sit separately with different pieces of paper and write down what each of you wants in your home. Be realistic. Indicate what you're ok with compromising on and what is absolutely a must have (or must not have). Don't talk to each other while doing this. Once you're satisfied with the list, tally what you have and combine what you want, don't want, what's a must have and what you can compromise on. Be realistic. + +3. Use one of the online tools to calculate "how much house can I afford". Don't spend more than 30-40% of your annual income on home ownership - this includes your mortgage, insurance, property tax etc. I'd say stick to 30% or less. Edit: 30% of take home pay is what my max was. I ended up buying lower than that. Your scenario may be different. The COL in your area will probably affect this number. + +4. Look at houses based on the life style you have not the life style you aspire to have. For example we looked at houses with smaller yards or yards without large lawns. Reason: Our lifestyle and gardening aren't compatible. We'd have loved a large green lawn but realistically we'd never maintain it and probably wouldn't spend on a gardener. That's just one example. Don't dream of building a home theater in the basement if you're the outgoing type. + +5. "Buy the biggest house you can afford" is horrible horrible advice. This was given to me by most people around me. It sounded bad then and after a year in, it sounds just horrible. Buy the house that you need today with _some_ consideration for tomorrow's needs. Tomorrow's needs is something along the lines of growing family NOT anticipating profits from business or promotions. The advice given on this sub holds true here too - buy below your means. + +6. Avoid borrowing money from friends or family in order to afford a bigger home. This is kind of an off shoot of the point above. Both points will just lead to additional stress that you don't need. This is true even if they're willingly offering you money without you asking. + +7. REALLY look in to total cost of home ownership. If you're looking in to a fixer upper things can get very tricky. I'd recommend not going for a fixer upper for a first time home owner. I bought a relatively new home but the cost of minor fixes baffled me. I'm very very happy to not have bought a home that needed repairs. I'd have underestimated the cost even if someone would have given me quotes for the repairs. Things like regulations change. A minor change might end up with large expenses to keep up with code. I learned this the hard way when I wanted to get an additional power outlet. :\ + +8. Drive around the neighborhoods that you're interested in. Get a feel of the place. Chat with people who're out for walks or something and see what they think. This might lead to interesting results. When I did this, people thought I was selling something so their immediate reaction to my "Hi" was "I'm good. thanks.". :| + +9. A home purchase is often a process of elimination. Start with all homes that match your criteria. Filter based on cost, then filter based on neighborhood, then filter based on square footage, school districts etc. Keep going until you're left with a few homes that you'll go look at. + +10. Your agent facilitates the transaction. If you don't know what you want and haven't communicated with them very clearly, they may influence your decision. If you feel your agent is pressing you into making decisions - RUN. Better than having buyers remorse after having gotten in large debt. + +11. Feel free to use your agent to do the ground work. I gave my agent a list of questions to go figure out for the houses/neighborhood/HOAs etc that I was interested in. You're paying your agent a good sum of money. Get your money's worth. Don't shy away from asking questions. (Your agent might tell you that you won't pay him. That's partly true. You won't pay them directly - the seller usually accounts for this and prices the home accordingly. So in a way, you are paying him.) + +12. It's in your best interest to not have the same agent as the seller. + +13. Don't skimp out on the essentials - for example home inspection. It may be expensive to do but it's better than being stuck with a flawed house. Edit: /u/SureWtever: consider getting a radon inspection (Quick google tells me there are DIY kits that are available). + +14. Protect your investment - get good insurance. Make sure you're aware of what's covered and what's not. Change the locks before you move in. Change the lock on the mailbox. Invest in a home security system if your neighborhood warrants it. Consider cameras at the very least. + +15. Find out how the HOA is if it exists. I've heard horror stories from colleagues. A couple of them have sold their condos because of the stress it caused them. + +16. Consider your mortgage options. Depending on how long you plan to live in your home, ARM might be a good option. + +17. After you buy your home, don't feel compelled to set it up immediately. That means it's ok to use the current furniture you have. It's ok to not have a proper bed. (We're still using a box + mattress combo - no frame or headboard). It's ok if one or more of your rooms look spartan for a year or two. + + +That's all I can think of now. I'll add more if I think of something. Good luck! + +Edit: +Thanks for the gold. + +Some thoughts on comments: + +**Take 'home advice' (including mine) as just that - advice. Surely give it thought, but you know your scenario better than anyone else does. Some of the above points might not fit your needs. IMHO, it's better to be aware of a line of thought and reject it than to be ignorant of it and end up in a stressful situation.** + +"Look at houses based on the life style you have not the life style you aspire to have" +Someone used an example of aspiring to have a garage to work on cars. The way I look at that is that working on cars is already your thing. You're not kidding yourself in to doing something you've never done before or are not currently passionate about. A person like me buying a large garage because "I'd like to get in to working on cars" when I currently don't know anything about the trade would be a terrible mistake. + +"Buy the house that you need today with _some_ consideration for tomorrow's needs" +This should speak for itself. The suggestion is to consider tomorrow's needs but don't get carried away. You're not going to NEED a 4 car garage because you might make more money and might buy 4 cars. + +RE: These points are conservative. Yes, they are. Purchasing for a lot of people is often emotional. Starting conservative for a first time home owner is not a bad idea. "You don't know what you don't know.". Next time around at least you'll know what you don't know and can plan somewhat better. +I'm pretty young, <30, basically retired through a windfall that was not career related. NW \~$10MM. + +There's no big pressure for me to work anymore, but some small amount of income through my own effort does make a difference given my time horizon is \~50 years (with any luck). + +A lot of full-time jobs are a raw deal and take a ton of time, and I can't seem to find any meaningful part-time work in my field. I also have this impression that freelance gigs are low quality. As background, I have some years of experience in software but I'm not sure I want to stay in it, if my only option is to grind. + +Does anyone have any suggestions or ideas about how to handle, both practically and emotionally, this situation, and how to experiment with finding meaningful work? + +I recognize that I'm pretty young and that things and priorities change. Mostly trying to take things slowly. That being said, I have a ton of energy to produce things but am struggling with finding the right outlet for that energy. +After [my post yesterday](https://www.reddit.com/r/Superstonk/comments/r6m0rm/not_a_single_gamestop_insider_has_sold_a_share/) and [my other post the day before](https://www.reddit.com/r/Superstonk/comments/r61hzq/thanks_fidelity_for_inspiring_me_to_drs_100_of_my/) I was messaged by someone who wanted to give me money "to remove \[my\] posts in SuperStonk and refrain from posting there in future" because he's trying to "shift the current sentiment on Reddit in regards to GME." + +&#x200B; + +[I'm not your bud, pal](https://preview.redd.it/xcft7yrvy5381.png?width=1283&format=png&auto=webp&s=9f24ae5d10a986585fb0c11fa41d2c3e13fb0ddc) + +&#x200B; + +At first, I thought this was a bad comedy joke. I mean look at the subject: "Hey Bud" + +Kind of an unsophisticated approach, don't you think? + +Sadly, he stop replying after this, which was a bummer because I was just about to invite him to my birthday party BUT then things got even more interesting... + +After looking into this person's post & comment history, I can see he's a shilling publicly as well, but the weird part is it still looks like a personal account even though they're approaching me on behalf of their company. Why wouldn't the PR Agency have its own username? Why are they hiding behind someone's personal account? + +That's when I went to [their website to see if they had any job postings](https://greentarget.com/careers/internships/) for social media interns, but you have to email them to apply. + +Then I went to their [About Us](https://greentarget.com/about-us/meet-the-team/) section where something caught my eye... + +&#x200B; + +https://preview.redd.it/xjog8dvzy5381.png?width=1284&format=png&auto=webp&s=8ee6fc3c970cf139ba430d3ebf4813dc1cae1d99 + +Greentarget's Executive Vice President, Laura Miller, runs the Chicago office and is a member of the Economic Club of Chicago. Why does that sound so familiar? + +&#x200B;